Full text of Treasury Bulletin : August 1958
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LIBRARY
ROOM
5C
4 1959
LFBRARY
ROOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
AND
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UNITED
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SAVINGS
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RUGUST-I35B
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SECRETRRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, $7.50 foreign.
Single copy price varies.
August 1958
Table of Contents
Pag*
Treasury f lnanolng operations
a-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
g
Cash income and outgo
16
Account of the Treasurer of the United States
22
Debt outstanding
2^
Statutory debt limitation.
27
Debt operations
2g
United States savings bonds
40
Ownership of Federal securities
46
Treasury survey of ownership of Federal
securities
4g
Market quotations on Treasury securities
52
Average yields of long-term bonds
55
Internal revenue collections
57
Monetary statistics
59
Exchange Stabilization Fund
63
Capital movements
65
Cumulative table of contents
75
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
II
Reporting Bases
The dally statement on the new basis was first issued for
Data on receipts, expenditures, and debt which appear In the
Treasury Bulletin" are baaed largely on two Treasury financial
February 17, 195A.
reports, the 'Dally Statement of the United States Treasury" and
distinction Is made as to the type of accounts (budget,
the "Honthly Statement of Receipts and Expenditures of the
"
Certain monetary statistics are based
at least In part on the 'Circulation Statement of United States
etc.
United States Oovernment.
Money.'
Where these statements are given
).
in the deposits and withdrawals as ahown,
no
trust,
The deposits are on the basis of certificates of depcelt
oleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dis-
Their respective
bursements made out of the Treasurer's account.
Seme of the
withdrawal classifications shown are reported on the basis of
reporting bases are described below.
For other data in the
Bulletin, Information on sources or reporting bases Is given In
mailed reports of checks Issued and are adjusted by means of
clearing aocounts to the total of checks paid. Exoept for
dividual tables,
they are cited by name only.
aa
sources for In-
connection with the tables themselves.
relatively minor amounts, noncash lnterfund and other lntraThe public debt figures
In the dally statement bIbo are on a "clearance" basis, with the
governmental transactions are excluded.
The monthly statement of receipts and expenditures was first
published for February I95U, and replaoed the dally statement as
the primary source of Information on budget results and other
receipt and expenditure data classified by type of account.
exception of those Issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks.
debt transactions are Included,
Noncash
however.
At the same time, the dally statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
Treasurer of the United States. Both publications have provided
The dally statement before February 17, 195 *! covered not
only transactions cleared through the Treasurer's account but
comparative figures on their respective bases from the beginning
alao certain Government agenoy transactions whioh were
of the flacal year 1953-
195 *,
through commercial bank accounts, and Included noncash lnterfund
with respect to these reporting changes may be found In the
April I95U issue of the. Bulletin.
and other lntragovernmental transactions. It provided Information
similar to that In the present dally statement with respect to the
The announcement of February 17,
1
1
handed
status of the Treasurer's account,
The monthly statement shows all receipts and expenditures
and similar to that In the
dally statement vith respect to debt
Issuance, retirement, and amount outstanding.
Receipts and
present
and-of-month
of the Government, lnoludlng those made from cash accounts held
outside the United States Treasury. The Information Is compiled
expenditures, however, were classified by type of account,
from reports by the Treasurer of the United States and by all
the budget results shown In the dally statement were used as the
other collecting and disbursing agencies, including those agencies
basis for reflecting the results under the President's budget
which maintain checking accounts In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the trans-
program as enacted by the Congress.
actions as compiled from these reports Is reconciled In the
monthly statement to changes in the balance In the Treasurer's
account and In cash held outside the Treasurer's account and
Treasurer's account. Expenditures cleared through the Treasurer's
changes in the publlo debt outstanding.
and
Receipts were on the basis of deposits as they cleared the
account were reported on two successive bases.
Through 19U6 they
were on the basis of checks paid by the Treasurer of the United
States.
Beginning with I9M7,
expenditures made through the
facilities of the Treasury Department's Division of Disbursement
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially on a
collections basis and partially on a deposits basis. Expenditures,
exoept Interest on the publlo debt, are reported on the basis of
oheoke issued or cash payments made by disbursing officers.
Transactions of an lnterfund or lntragovernmental nature are
Included on the same basis even though the actual issuance of
obecks may not be Involved.
Interest on the publlo debt Is In-
cluded on an accrual basis beginning with figures for June 1933
and the fiscal year 1933. Prior to that, It was Included on a
due and payable basis.
The same reporting basis as that In the
monthly statement provides the flacal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Oovernment' and for actual receipts
and expenditures In the "Budget of the United States Government."
were on the basis of checks Issued, while certain othere, prin-
cipally those of the Department of Defense and Its predecessor
organizations, were on the basis of checks paid.
Transactions
handled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were aa
reported by the agencies.
Interest on the public debt was Included on a due and payable basis beginning with November 19U9
and on a cheoke-pald basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's aocount which affect monetary stocks of gold and
silver and the amounts of ooln and currency In the money supply
It Is Issued later than the dally statement,
however, and the figures are based on transactions consummated
of the oountry.
during the reporting period even though some may not have
cleared the Treasurer's aooount during that period.
August 195H
A-l
Treasury Financing Operations
Two Certificate Offerings
In the refunding operation,
exchanges were made
An offering of one-year 1-5/S peroent certl-
par for par in the case of the maturing certificates
cates of Indebtedness was announced by the Treasury
Department on July 17, 1958. The offering was to
refund the certificates maturing August 1 and the
and in the case of the called bonds at par with
two Issues of Treasury bonds which had been called
the new certificates.
for redemption on September 15.
The new certificates
issues were eligible to be exchanged for the new
are dated August 1, 1958, and will mature August 1,
The announcement also stated that within the
1959.
certificates, singly or in combinations aggregating
next three weeks the Treasury would offer for subscription a security due In one year or less to -cover
were not reoelved.
ness,
Its cash requirements during the next couple of
August
The Issues to be refunded totaled nearly
annum,
months.
interest allowed to September 15 on the bonds and
Interest charged from August 1 to September 15 on
The three called or maturing
$1,000 or multiples thereof.
Caeh subscriptions
The new certificates of indebted-
designated Series C-1959. bear Interest from
1958, at the rate of 1-5/S percent per
payable semiannually on February 1, 1959.
1,
$16.3 billion. The cash offering, which was announced on July 25, was for 43-1/2 billion of 1-1/2
percent tax anticipation certificates of Indebtedness,
and at maturity on August 1, 1959.
Subscription books for the exchanges were opened
Series D-1959, which were offered for "new money"
are dated August 6, 195S, to mature March 2k, 1959.
The tax anticipation certificates, designated
July 21 and were closed at the close of business on
July 23. For the cash offering, the books were open
They will be receivable at par plus accrued interest
only on July 29.
to maturity in payment of income and profits taxes
due on March 15,
Subscriptions accepted for the exchange security
totaled 513,501 million, leaving $2,763 million to be
paid In cash.
For the tax anticipation certificate
offered for cash, allotments on the subscriptions
of $5,962 million amounted to $3,567 million.
but not less than $100,000.
Subscrip-
tions for $100,000 or less were allotted In full.
The tax certificates bear
1958,
at the rate of 1-1/2
percent per annum, payable on a semiannual baels on
March Zh, 1959.
Subscriptions from commercial banks, which for
this purpose are defined as banks accepting demand
deposits,
for their own account were reoelved
out deposit.
The results of the offerings are summarized in
the accompanying table.
.
Sub-
scriptions In excess of $100,000 were allotted
59 percent,
1959
Interest from August 6,
with-
A payment of 2 peroent of the amount
of certificates subscribed for was required on all
other subscriptions.
Payment on these new oertlfl-
A-2
Treasury Bulletin
Treasury Financing Operations
-
(Continued)
cates could be made by credit In Treasury tax and
5,000, $10,000, $100,000, and $1,000,000; and
loan accounts.
Series C-1959 also In denominations of $100,000,000
and $500,000,000.
Commercial banks and other lenders were requested to refrain from making unsecured loans, or
loans collateralized In whole or In part by the
certificates subscribed for, to cover the 2 peroent
deposits required to be paid when subscriptions were
91-Day Treasury Bills
Weekly Issues of 91-day Treasury bills In July
totaled $S.5 billion, and refunded equivalent 91-day
entered.
maturities of $1.7 billion each. Average rates of
discount on the new Issues were O.76S percent for
Both of the new certificates were Issued In
bearer form only, In denominations of $1,000,
July 3; 0.93^ percent for July 10; I.136 percent
for July 17; 0.988 percent for July 2k; and 0.9S4
percent for July 31.
Rote:
Do tails of Treasury Market financing operations are
shown elsewhere In this issue of the "Treasury
Bulletin," In the tables on "Offerings," "Allotments,
and "Disposition," respectively of marketable Issues
of bonds, notes, and certificates of indebtedness, and
In the table "Offerings of Treasury Bills."
,
.
.
,
.
August 1958
SUMMAKT OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
1/
Expenditures
2/
Surplus,
or
deficit
(-)
2/
Net of
trust
account
and other
transactions
2/ 2/
Net
Increase
Clearing In
account, public
etc. UJ debt, or
decrease
(-)
Net
Increase In
Treasurer's
Treasurer 1
account
account
balance or
balance
decrease (-)
,
Levels, end of period
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
5/
Fiscal years:
19*6
19"*7
39,771
39,786
19*8
1.1,1.88
1950
37,696
36,U95
»9
i»7,568
6o,Mi8
39,032
33,069
39,507
39,617
058
-20,676
-521.
75".
-1,103
8,1.19
-291.
-1,811
-3,122
-11,136
-5,99*
J.95
555
-507
366
1.78
-10,*6o
-10,930
1,62*
-1,U62
99
1.83
*,587
-2,135
3,883
6,966
5,189
3,115
10,71.0
269,1.22
1.76
258,286
252,292
252,770
257,357
90
2,*7
1*,238
3,308
*,932
3,*70
5,517
1,839
-388
-2,299
2,096
-551
7,357
6,969
*,670
6,766
6,216
255,222
259,105
266,071
271,260
27*, 37*
73
27
20
269,898
258,376
252,366
252,798
257,377
268,932
257, *91
251,5*2
252,028
256,652
255,251
259,151
266,123
271,3*1
27*,*l8
25*,567
258,507
265,522
270,790
273,915
3,510
679
-21*
65,1.08
-l»,017
1*7
-J.01
71. ,271.
-9,1.1.9
1*35
-250
67,772
-3,117
-*,l8o
328
231
-303
-19*
522
-523
-1,623
331
-2 ,22*
-956
6,5*6
5,590
272,751
270,527
107
272,825
270,63*
71,897
1,626
1,596
-2,813
530
5,816
*,159
9,7*9
276,3*3
101
276,***
272,361
270,188
276,013
38,568
1.1,080
-2,512
1.0,389
37,955
35,623
U 1,106
37,728
2,1.31.
-1,386
-350
-229
-502
311
362
-2*0
199
-22,502
-U05
1,111
231.
-18,966
-2,2U9
-*,100
*,331
87
-U23
-U*7
3,502
3,097
*,208
*,679
*,232
259,1*9
256,900
252,800
257,130
256,706
339
81
55
30
2*
259, *87
256,981
252,85*
257,160
256,731
258,55*
256,127
252,057
256, *13
256,026
815
-*1
101
739
-259
-106
-319
-209
2,711
376
2,019
62
1,770
-1,*88
603
-635
*,295
6,06*
*,577
5,180
*,5*5
259,* 19
267,391
275,168
278,750
280,769
U2
5*
76
3*
53
259,*6l
267, **5
275,2**
278,78*
280,822
258,79*
266,821
27* ,671
278,256
280,3*8
267
-21
221.
-117
179
*,*27
*,606
276,628
1,092
-*,1*1
-1,730
2711,898
103
10U
276,731
275,002
276,276
27*, 56*
*,178
6,197
6,**5
272,6*5
275,565
27* ,261
7*
79
85
272,719
275,6**
27* ,3*6
273,886
1951
1952
1953
195k
1955
61,391
6*, 825
6*, 655
60,390
1956
1957
1958 p
68,165
71,029
69,083
66,51.0
69,"»33
1.1.,
6k, 570
195
626
281.
29
*6
52
81
W»
7*
1959 (Bat.)-'.
Calendar years:
19*6
19*7
19*8
19*9
1950
1.0,861.
1951
1952
52,979
6*, 8*0
1953
195k
63,81.1
37,5H.
37,306
56,337
70,682
72,997
5,21.1
-3,592
-*22
-3 ,358
-5,81.2
61,171
63,358
611,851.
1955
66,129
-9,157
-3,683
-2,771
1956
1957
70,991.
72,281.
67,216
71,692
3,779
592
3,1.85
5,51.2
*,95*
6,218
5,902
*,9l8
-2,057
-9*8
1,300
October.
November
December.
3,181.
5,995
5,726
5,718
-2,812
-908
-307
1957 -January
February.
*,809
6,188
10,737
6,095
-1,286
U.6
5,153
".,256
5,282
11,688
5,987
5,9**
6,279
-1,731
-662
5,1.09
July
August .
September
3,057
5,128
7,225
6,3*7
5,930
5,667
October.
November
December
3,131
*,827
5,956
1958-January .
February
March
".,786
Month a:
1956 -July
August..
September
.
March ....
April
May
June
.
April
May
June p.
.
U,8l8
5,*12
6,299
9,501
-31.
-172
-3k
-105
-2,369
26
107
22
1*6
2,919
-1,3*
2,019
2*9
272,257
275, ie3
-62
UO
-920
1,022
1,73*
-389
-1,7*1
1,07*
-1,350
*,7*
266
5,778
*,*27
275,283
277,017
276,628
9*
103
275,372
277,111
276,731
27* ,915
276,655
276,276
116
U07
-131
163
-399
*0
-1,271
-1,162
3,265
3,8*9
7,673
276,229
276,269
27*, 999
107
109
109
276,335
276,378
275,108
275,882
275,926
27*, 657
-991
1,226
-*,707
-2,1*2
27*, 008
275,23*
103
103
-250
5,532
5,8*0
5,590
27*, 111
-325
-15
333
70
-938
270,527
107
275,337
270,63*
273,662
27*, 889
270,188
-3,290
-802
1,559
-19
96
162
253
-2*7
1*9
1,9*2
1,376
567
-1,115
*23
2,*36
*,*75
*,898
7,335
272,1.69
107
109
115
272,575
273,95*
27*, 527
272,131
273, 511
27*, 085
6,501
5,806
5,809
-3,370
-979
1*7
333
**2
*8
35".
-3*5
*15
-60*
679
151
-3,028
558
-259
*,307
*,865
27*, 067
27*, 7*7
27*, 898
103
10*
27*, 170
27* ,850
275,002
273,730
27*,*11
27*, 56*
6,011
5,528
-1,225
771
3,753
-65
338
533
-3**
-3*3
12*
257
-2,055
3,505
*,39*
6,076
27*, 656
27*, 782
-273
-1,101
888
1,682
272,621.
-13
6f7
1.12
137
-559
-169
-682
2,*33
595
691
6,*87
6,130
9,7*9
275,057
275,653
276,3*3
5,7>>3
5,581.
5,71.9
6,122
3,1.96
l»,925
5,81*6
10,751
6,581
-2,626
-920
*,170
2*8
229
-222
2U7
Actual figures through the fiscal year 1952 and the calendar
year 1953 are from the dally Treasury statement, and thereafter In
each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see page II). More detailed Information with respect to the figures
on this page will be found In succeeding tables.
l/ Gross receipts lees transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation TruBt Fund, established under Section 11* (f) of the Economic Cooperation Act of 19*8
(62 Stat. 150), are consolidated with budget expenditures.
Consists of transactions of trust and deposit funds. Investment by
3_/
Government agencies In public debt securities, and redemption or sale
of obligations of Government agencies In the market; excess of receipts, or expenditures (-). For detail of content, see page 8.
*/ For checks outstanding and telegraphic reports from Federal Reserve
Banks beginning with 19*7; public debt Interest acorued and unpaid
beginning with June and the fiscal year 1955 (previously Included
Source:
7,973
7,777
3,582
*71
58*.
3,82*
308
-357
3,619
I.
,606
273,8*5
27*,*12
27*, 555
27* ,679
89
10*
101
103
10*
9*
97
101
272,728
27* ,219
27*, 3*6
272,29*
275,151
275,7*9
275,317
276, *W.
276,013
27*, 718
from November 19*9 as Interest checks and coupons outstanding);
also deposits In transit and changes In cash held outside the Treasury and In certain other accounts beginning with the fiscal year 195*.
Net Increase, or decrease (-).
For current month detail, see section on "Statutory Debt Limitation*'
In each issue of the Bulletin. The limitations in effect during the
period covered by this table and the date when each became effective
are as follows: April 3, 19*5, $300 billion; June 26, 19*6, $275
billion; August 28, 195*, $28l billion; July 1, 1956, »278 billion;
July 1, 1957, $275 billion; and February 26, 1958, $280 billion
(temporary lncreass ending June 30, 1959). Guaranteed securities are
Savings bonds
Included under the limitation beginning April 3, 19*5.
are Included at current redemption value beginning June 26, 19*6, and
at maturity value prior to that time. In the debt outstanding, savings
bonds are carried at current redemption value
Less than $500,000.
Preliminary.
p
Current estimates not yst available.
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES.
Table 1.- Receipts by Principal Sources
(in mllllona of dollars)
Internal revenue
Income and profits taxes
Fiscal year
or month
Corporation
Individual
Not
withheld
Withheld
i/
2/3/
1950
1951
1952
1953
18,189
2k,2l8
32,826
33,012
195k
1955
1956
1957
1958 p
1959
,
10,7k7
10,396
11,322 2/
12,302
11,527
21,523
18,265
21,299
21,531
20,533
Total
income
and
profits
For old-age
and disability insurance
For railroad retirement
For un-
employment
insurance
6/
i/y
Total
employment j]
Estate
and gift
taxes 2/
Excise
taxes
2/
Taxes not
otherwise
classified
-d
Total
Internal
revenue
2,106
3,120
3,569
k,086
550
578
735
620
226
23k
259
277
2,883
3,931
k,562
k,983
k,537
5,3kO
6,337 2/
6,63k
503
600
63k
616
7,733
575
285
280
325
330
336
5,k25
6,220
7,296
7,581
8,6kU
9k5
936
1,171
1,378
l.klO
1,857
k,l6l
6,290
3U6
919
k86
19
a.
1
1
366
1,003
5k
1
5k0
126
129
99
955
965
922
3,306
6,259
7,852
3,51k
5,553
6,111
10,073
13,535
18,521
21,3 r.l
28,263
37,753
51,3k7
21,635
21,25k
26,728
27,0kl
53,906
k9,915
56,633
60,560
59,102
l,0k7
3,678
2,163
2k ,012 2/
l/
Employment taxes
5k, 363
39,kk9
51,106
65,635
70,171
8,303
9,k23
9,726
10,825
10,011i
8/
9,211
10,00k
10,638 10/
10,8lk
70,300 8/
66,289
75,109
80,172
79,978
(Est.)".
5"»1
269
355
2,30k
128
1,823
October. .
November .
December
U29
367
2,277
20k
1,333
3,kl5
2,125
1,966
3,880
k,75k
332
31
1
363
98
,088
97
352
671
382
69
1
93
8U0
u9
1
7k0
k32
102
82k
1958-January .
February .
March
April
May
June p..
1.86
2,053
788
658
981
3,953
2,000
3,519
5,lk7
9,196
313
955
632
19
78
k3
53
112
2,792
6ko
1,723
792
3,6lk
l,9kl
k,060
k,702
9,570
703
17
70
k3
1957^July
August. . .
September,
.
.
.
ko6
6,538
U76
U19
5,906
1,221
77k
269
385
1,302
105
892
86k
lk3
860
785
922
89k
5
680
2
2
722
1,293
191
115
1
818
96
k,910
7,k21
10,879
5,761
7,033
11,380
Deductions from budget receipts
MiscelTotal
laneous
budget
receipts
receipts
1/
Flocal year
or month
U23
62k
1950
1951
1952
551
613
1953
195k
1955
1956
1957
1958 p
562
606
705
75k
800
1>39
1,639
l,8lk
1,865
2,311 8/
2,559
3,006
2,7k9
Transfers of tax receipts to
FOASI
Trust
Fund
Federal Disability Insurance
Trust Fund
Railroad
Retirement
Account
m/
J3/
-
Refunds of recelptB
Highway
Trust
Fund
M
Interna 1
revenue
Total
2,106
3,120
3,569
k,o86
550
575
738
620
2,135
2,082
2,275
3,095
16
15
18
17
6
73,173
k,537
5,0ko %/
6,337
6,301
6,870
603
599
20
11
22
23
8
78,820
83,675
3,253
8k ,030
70
65
65
358
150
193
3,73k
6,k75
8,109
308
815
k31
76
3,796
5,8k 5
6,611
9
9
333
616
l,k79
3,3k5
3,k00
3,653
3,89k
20
3
863
575
2,116
k,503
18
2
63 k
Net
budget
receipts
refunds
kl,311
53,369
67,999
72,6k9
69,k5ii
15 /
U
2,160
2,107
2,302
3,118
36,k95
k7,568
61,391
6k, 825
3,377
3,U26
3,68k
3,917
k,523
6k ,655
69,083
138
12k
137
3,057
5,128
7,225
120
3,131
k,827
5,956
60,390
68,165
71,029
1959 (Est.)*"
1957-July
August. .
September
38
19
17k
137
10k
55
Bit
219
207
123
1
1
135
2
298
598
339
3k
30
69
kg
1?3
118
203
165
7k
2
2
58
1
36
107
5k
63
206
226
k37
1958-January.
February
March ....
69
58
69
26k
277
23k
5,2k3
7,756
11,182
277
8U8
559
73
k3
April
May
June p...
68
210
237
k59
6,039
7,33k
11,905
62k
1,086
687
79
17
135
87
70
k3
October.
November
December
67
.
63
66
73
k2
Source: Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting basee
see page II),
1/ For further detail, Bee tables under "Internal Revenue Collections."
2/ Breakdown was not made In the dally Treasury statement and the
monthly statement for years prior to 195k.
Beginning January 1951, the distribution of receipts between indi3_/
vidual Income taxes and old-age and disability insurance taxee Is
made In accordance with provisions of Sec. 201 of the Social
Security Act, as amended (k2 U.S.C. koi), for transfer to the
Federal Old -Age and Survivors Insurance Trust Fund (see footnote 11),
and after December 1956 also for transfer to the Federal Dleablllty
Insurance Trust Fund (see footnote 12 )
19
78
k/
151
190
150
lk5
166
161
-26 16/
233
85k
1,676
9k8
17k
1
2
1
1
2
2
76
59
235
855
k,786
6,299
9,501
1,678
950
176
3,k96
k,925
10,751
-25
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and, beginning with the
taxable year 1951, tax on self-employed individuals under the SelfEmployment Contributions Act, as amended (26 U.S.C. Ik01-lk03). The
Social Security Act Amendments of I956, epproved August 1, 1956, increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to provide for dleablllty in-
surance (see footnote 12 )
Taxes on carriers and their employees under the Railroad Retirement
Tax act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of k or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was imposed on employers of 8 or more.
Remaining footnotes on following page.
5V
August 195H
BUIGET RECEIPTS AND EXPENDITURES
Footnotes to Table
Through 19!>3 contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement aa
miscellaneous receipts, while the 1959 Budget document. Special
Analysis K, includes them in employment taxes through 1952. Beginning 195* the contributions are credited direct to the trust account.
For amounts of the contributions Included In budget receipts, see
"Treasury Bulletin" for February 195 1
page 7.
In the 1959 3udget document, Special Analysis K, Internal revenue
classified
taxes no*, sthervlse
are included in miscellaneous
-
1
,
1
*
,
13/
recc ipi
the Figures shown reflect adjustments to correct
Beginning
prior estimates, pursuant to the provisions of Sec. 201 (a) of
the Social Security Act, 2s amended (1*2 U.S.C. +01 (a)). In
millions of dollars as follows:
1
J
rise el year
tax withheld
Income tax
not withheld
Old-age Insurance
taxes transferred
1
(Continued)
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be trnnMVrred from
time to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Trust Fund.
Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1950.
Excludes the Government's contribution for creditable military
service (1*5 U.S.C. 228c-l (n)). Beginning 1952, amounts are
appropriated to the Railroad Retirement Account equal to the amount
of taxes under the Railroad Retirement Tax Act deposited in the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat. 371), and transfers are made currently. Previously,
annual appropriations were based, in effect, on estimated
u
collections, with any necessary adjustments made in succeeding
appropriations.
The Highway Revenue Act of 1956, approved June 29, 1956 (23
173) established a Highway Trust Fund from which ere to be made,
as provided by appropriation acts, Federal-eld highway expenditures after June 30, 1956, and before July 1, 1972. The act
appropriated to this fund amounts equivalent to specified oercentages of receipts from certain excise taxes on motor fuels, motor
vehicles, tires and tubes, and use of certain vehicles, end provided that the amounts appropriated should be transferred currently
to the trust fund on the basis of estimates by the Secretary of
the Treasury with proper adjustments to be made in subsequent
transfers. The use tax was Imposed by the act end rates were
increased for the other taxes. Previous to the fiacel yeai
corresponding excise tax receipts were included In net budget
receipts, and Federal-aid highway expenditures were Included in
budget expenditures.
Interest on refunds is included in expenditures in Table 2. Reimbursement by Federal Old-Age and Survivors Insurance Trust Fund
for refunds of taxes for the fiscal year (see footnote 11) is
netted against Internal revenue refunds for the month in which
the reimbursement Is made.
Net of reimbursement of $72 million from the Federal Old-Age and
Survivors Insurance Trust Fund (see footnote 15).
Less than $500,000.
Current estimates not yet available.
Preliminary.
p
I
I**/
-300
-2U6
-13U
+123
tllU
42U9
-k
-1
+136
1958-January
-7
-116
-106
April
-8
Beginning 1957, Includes collections under increased rates in the
y Revenue Act of 1956 (see footnote lU).
Amcunta appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for oli-age insurance (1*2 U.S.C. ^Ol (a)). Beginning
January 1 351 the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the act as amended, and are adjusted
*.n later transfers on the basis of wage and self -employment Income
records maintained in the Social Security Administration. The
amount of cld-age insurance tax refunds la paid from the trust fund
as a reimbursement to the general fund.
rhe federal Disability Insurance Trust Fund was established by the
Security Act Amendments of 1956, approved August 1, 1956
1]
(1*2 U.S.C. kOl (b)).
The act appropriated to the trust fund amounts
,
-
,
15/
16/
*
**
'
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Expenditures by Agencies
(in millions of dollars)
a
August
W8
BUDGET RECEIPTS AND EXPENDITURES
Table 3,- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of June 30, 1958 (Preliminary) J
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Additions, fiscal year 1958
Agency
Unexpended
balance
brought
forward
Julj 1, 1957
Increases
Appropriations
3/
i/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the ^resident
Independent Off Ices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expend lture s of the government
Total
Authorizations
to expend
from debt
receipts j±/
182
106
3
Vt
12
kk
12
2,805
7,999
271
2,805
10,06k
271
3,90k
6,810
757
1
7,196
10,932
513
6,905
3,070
633
98
2,085
3,k32 1/
121
6,3k7
129
3k, 660
>>8
36,658
675
36,658
675
769
35*
18
8
213
2, aw
2,8U5
680
2k0
93
211*
2,912
38
8,683
68,650
70,527
351
Agency
Expenditures
(net)
Total
351
3k
709
679
2U0
1,19k
1,19*
893
21k
8,683
32
893
32
Be scissions,
cancellations, and
other adjustments 8/
AuthoriApproriatlone
70
3
1
,351
6k 5
7
U89
368
171
733
562
,016
733
55
32 ,2U8
U25
197
,887
572
8
1,985
6
293
966
312
,6"»5
666
229
567
675
25
27
636
k31
103
317
k5
-2
2
203
,k5k
-6 10/
71,897
76,900
Unexpended balances June 30, 1958 (preliminary)
99
Ut
11
,065
,319
U28
5,9>»5
Deductions,
year 1958
Legislative Branch
The Jud lc lary
Executive Office of the President
Funds appropriated to the President
Independent Offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Lebor Department
Poat Office Department
State Department
Treasury Department
District of Columbia - Federal .contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expend 1 ture s of the government
Transfers,
borrowings.
Investments
6/
Other
authorizations and
obllgatlonal
authority 5_/
2,665
"5,135
ll
18
3
-23
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(In millions of dollars)
1958p
Function
code
number
195U
1956
1957
Expenditures
Major national
s ecurity:
Direction and coordination of defense
Air Force defense
Army de fense
Naval defense
Other central defense activities
Development and control of atomic energy
Stockpiling and defense production expansion.
Mutual defense assistance:
Military assistance
Defense support 2/
051
052
053
051.
055
056
057
058
Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and technical development 2/ %J
Foreign Information and exchange activities..
151
152
153
Total international affaire and finance
Veterans' services and benefits:
Veterans' education and training kj
Other veterans* readjustment benefits 5_/
Vetersns' compensation and pensions
Veterans' Insurance and servicemen's Indemnities.
Veterans' hospitals and medical care
Other veterans' services and administration
101
102
103
10lt
105
106
Total veterans' services and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education 6/
Promotion of science, research, libraries,
Correctional and penal institutions
Other welfare services and administration
,
,
and museums 6/
211
212
213
development of land and water....
development of forest resources..
development of mineral resources.
development of flah and wildlife.
of natural resources
surveys and administration
8,702
16
18,1.30
1,651
9,71.1.
582
9U
1.90
3,629
967
2,292
2,611
2,352
1,1.63
l,lfcV.
1,11.3
"•7,872
1.2,089
1.1,825
130
5^3
91
121
U98
100
111
765
719
662
50*6
66U
150
,681
57
158
,li82
100
782
188
9,0U1
10,877
651
2,275
625
2,181
871
,1.11.
Ul.,966
120
157
"•31
51.2
133
17U
912
1U7
832
1,231.
kk
767
77"»
123
2,798
126
2,870
790
75
105
78B
176
1*7
>*3
727
178
801
175
855
157
M57
U.756
l>,793
5,026
,10i»
328
1.75
1.00
U58
1,1.28
,'•57
,558
275
1*69
,797
5U6
2H
351
279
215
216
217
33
53
300
87
28
115
56
31
126
290
71
26
H»7
2,1.85
2,552
1,689
256
217
3,508
236
2l.lt
150
286
177
231
217
305
215
2,557
it,l»ll
•,913
1,056
117
37
38
935
118
37
803
138
38
925
1,138
162
62
17k
1*3
••5
33
35
60
69
1,5'>3
351
352
353
35*
355
14
01
1)02
U03
lOU
U05
U09
511
512
513
5U
515
516
517
518
519
520
521
Total commerce and housing
General government:
Legislative functions
Judicial functions
Executive direction and management
Federal financial management
General property and recordB management
Central personnel management and employment costs
Civilian weather services
Protective services and alien control
Territories and possessions, and District of Columbia.
Other general government
8,899
9,733
U81
1,857
1U
18,363
9,063
10,398
602
1,990
290
273
Total natural resources
ommerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation
Postal service
Community development and facilities 11 12/.
Public housing programs 1 j/
Other aids to housing ll/~lh/
Other aids to business 1*3 /~16/
Regulation rf commerce and finance
Civil defense
Disaster Insurance, loans, and relief 17/
lU
16,71.9
277
Total agriculture and agricultural resources....
Footnotes at end of table.
1,895
1.0U5
13
16,1.07
1A39
Total labor and welfare
Total general government.
1.52
•.,256
Agriculture and agricultural resources:
Stabilization of farm prices and farm Income jj
Financing farm ownership and operation 3_/ 8/....
Financing rural electrification and telephones..
Conservation and development ^J
Research, and other agricultural eervlces 3_/-*-,
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
12
15,668
12,910
11,293
601
602
603
60I
605
606
607
608
609
610
321.
201.
32
31*
1»7
158
2,776
2,966
3,381
3,91.6
3,511
227 2/
267
351
227
3,331.
I.
,582
35
3">
35
51
59
38
1,315
1,202
1,101.
1,296
370
586
275
61.7
783
253
356
56
-115
251
312
37
3U9
U
t>20
U63
2/
269
297
1.1.7
271.
1>,620
59
365
uo 10/
392
31
295
518
1.0U
h
1.9
675
78
52
195
lhO
-11.2
270
31
19
-330
J.0l>
-83
60
-60
59
1.5
38
1.1
"•5
1.9
60
1.2
56
63
61
1
12
1-3
21
81U
1,502
2,028
»9
29
60
31
77
38
90
UO
12
12
12
8
502
-1.01
u
1,»53 10/
2,085
88
M
1.1.9
"•31
"•75
I.76
155
93
16U
161.
191
21.0
115
33»
"
26
25
3".
160
188
627
38
187
1U0
39
199
69
238
7«
213
157
67
139
51
73
19
1,239
1,201
1,629
1,789
1,353
53
(Continued on following pane)
August 195H
Treasury bulletin
.TRUST ACCOUHT AHD OTHER TKAHSACTIOHS-
Table 1.- Summary of Trust Account and Other Transactions
(in millions of dollars)
Fiscal year
or month
Net receipts, or
expenditures (-),
from trust account
and other transactions
1950
1951
1952
99
679
1*7
1953
l»35
195**
3a8
1955
1956
1957
1958 p
231
Trust and deposit fund accounts
Net receipts, or
expenditures (-)
991
2,250
2/
1/
Net sale, or Investment
(-), by Government
agencies In public debt
securities l/
Net sale, or redemption
(-), of securities of
Government agencies In the
market
6,669
7 796
~j, 807
8,929
9,155
6,950
1*02
-22
3,91*5
-3,557
-3,636
-3,301
-2,05U
381.
9,536
11,685
8,51*5
9,1*35
-1,362
-2,617
-2,300
602
173
1,085
577
-281
3,852
3,855
3,760
2,386
-19U
Expenditures
Receipts
U,952
5,169
6,769
195
1,1*09
1>»,369
626
2U6
16,326
12,959
16,081
August
September.
-19
96
162
-362
703
-115
858
1,778
972
1,220
1,075
1,086
October. ..
November .
December .
333
U42
U8
-M»9
938
1,1*38
1,387
96U
1,18U
-65
-831
820
338
367
1.68U
1/
-72
-25
-It
2/
37
-197
2/
1959 (Est.)»...
1957^uly
1958-January .
February .
March
.
April
May
June p.
.
-218
19
87
282
-6
71*5
1,1*02
36
-8
80
1,651
1,317
51.1
-171
225
lte
-23
186
-273
-1*37
1,127
1,561*
6U
101
-13
-1U7
768
1,331
2,131
2,066
1,1*79
-1U*
1,363
279
-597
1,571*
-333
-719
137
-559
.
321*
-691*
1.93
Source: Actual figures through 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting baaea, eee
page II).
l/ Prior to 1951 net investment in public debt securities by certain
trust accounts and by deposit fund accounts is included in trust and
deposit fund account erpenditurea and excluded from net investment by
Government agencies. (See Tables 3 and k)
2/
i/
*
-31*
Under a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
enterprises are included in deposit fund account expenditures (net)
and excluded from net investment by Government agencies in public
debt securities {eee Table h) and from net redemption or sale of
obligations of Government agencies In the market (eee Table 5).
Figures previously published for the fiscal year 1955 have been
revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table U).
Preliminary.
Current estimates not yet available.
p
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
1950...
1951...
1952...
1953..1951*...
1955...
1956...
1957...
1958 p.
Federal
Disability
Insurance
Trust Fund l/
2,367
9,536
11,685
16,326
5,586
7,003
7,159
7,901
858
1,778
972
371
837
W*9
113
55
938
1,1*38
1,181.
362
635
571
81
U8
820
3*>1
1.68U
1,127
1,331
2,131
2,066
3,1*11
3,932
>*,5l6
5,080
y
Re t Irene nt
Account
Unemployment
Trust
Fund
6U5
678
850
7U2
737
6,669
7,796
8,807
8,929
9,155
1*1,369
Railroad
Life Insurance Fund
1,281
,076
1,51*2
6%
1,61*3
1,591*
1,1*92
700
739
National
Service
1,1*25
786
637
619
590
6U9
608
Government
Life
Insurance
Fund
87
86
87
79
78
78
339
723
9*il
695
1,728
1,912
1,855
39
19
85
55
31
72
51
75
25U
898
61U
36
120
75
25
86
177
1*5
28
768
1,138
917
8U
155
100
20
96
39
72
133
1*05
38
205
2
2
73
Government
employees*
retirement
Highway
Trust
fundt
2/
Other trust
accounts
Fund
809
850
912
961
691
1*03
708
1,025
1,397
W.9
1.U82
681
1,1*57
2,131*
635
51*5
597
uoi
"*57
1.67
61.0
69
68
81*
1*2
>*
5"t
17U
72
379
27
1.2
3
78
31*
1
10l>
219
207
23
39
uo
38
37
3
119
2
103
2
125
183
203
172
90
51
133
W.
1*5
3
123
te
3
38
2
119
105
151
190
150
53
51
TO
1*5
168
172
1*0
y
1959 (Eat.)'.
1957-July
August ....
September.
October.
November .
December .
.
1958-January
February.
March
April..
May....
June p.
35
Source: See Table 1.
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
2/ See "Budget RecelptB and Expenditures," Table 1, footnote 11*.
1/ Includes District of Columbia receipts from taxes and from Federal
contributions, loans, and grants; Indian tribal funds; Increment
resulting from reduction In the weight of the gold dollar; and
through 1950 seigniorage on sliver under the Silver Purchase Act of
Thereafter any such seigniorage Is Included with other
1931*.
155
y
1.1
123
111
295
1*5
5**
U7
seigniorage under budget receipts. Beginning with the fiscal
year 1951*, the Railroad Unemployment Insurance Administration
Fund is classified ae a trust account, instead of being handled
through budget accounts as formerly (see "Budget Receipts and
Expenditures," Table 1, footnote 7).
Does not include donation of public debt securities amounting
to $U5,8O0 (par value); eee also Table U.
Current estimates not yet available.
Preliminary.
p
•
.
..
-
.
.
August 1958
-TRUST ACCOUHT AHD OTHER TRAHSACTIOHS
Table 3.- Trust and Deposit Fund Account Expenditures
(In mllllona of dollar a; negative figures are excess of credits)
Trust accounts, and trust enterprise funds (net)
Fiscal year
or month
Federal
Federal Old -Age
Disability
and Survivors
Insurance
Insurance Trust
Trust Fund
Fund
i/
Total
trust
accounts,
etc.
6,950 37
1950
1951
1952
1953
195k
1955
1956
1957
1958 p
3,9">5
6,851*
"•,139
U,952
5,169
6,769
5,298
5,698
7,327
8,5l»5 k/
8,k89
9,197
9,k35 57
12,959
16,081
78k
30k
1,569
2,067
2,750
321
391
k65
3,1.05
37
k,k87
5,551
6,723
8,116
12,7113
16,159
Uiemploy ment
Trust
Fund
Railroad
Retirement
Account
1
181
National
Service Life
Insurance
Fund
502
2,026
900
l,0k9
1,010
l,7k5
61k
996
588
623
585
611
682
730
1,965
1,393
l,6kk
3,lk8
538
512
515
5k5
58
60
137
12k
k9
k6
Government
Life
Insurance
Government
employees'
retirement
Highway
Trust
Fund
funds
2/
Ilk
77
82
268
271
300
82
363
kll
Ik 7
121
k30
507
591
699
16
55
7
5
53
53
8k
87
86
Fund
966
1,602
1959 (Sat.)**.
1957-Julj
August .
September
1,280
1,075
1,086
1,116
1,192
1,107
620
59
127
kk
October
November.
December
1,387
96U
l,k02
1,17k
1,191
l,k36
656
6U9
651
13
13
15
60
59
136
lk5
233
k3
7
60
161
kl
kO
6
6
62
59
207
1958-January
February.
March ....
1,651
1,317
1,56k
1,1.87
16
63
61
3kk
331
k9
k6
19
62
ki8
k2
7
7
6
65
56
61
112
18
1,532
720
666
697
l,k79
1,381
20
20
29
6k
k26
377
3k8
51
k7
30
59
59
58
90
109
217
.
.
.
April
May
June p.
. .
6I.3
oka
1,1.92
1,363
1,1.23
729
72k
1,571.
1,628
717
Trust accounts, etc.
-
Federal National Mortgage Assoc
Federal
Intermediate
credit banks 6/
Financing by
Treasury
1S57-
.
1958 p.
.
Other
operations
1950...
1951...
1952...
1953...
195k...
-93
-9k
127
22k
kl
13
-k6
23
3
-72
3
9
206
929
101
15
k9
117
118
97
Deposit fund accounts (net)
jj
Other trust
accounts and
truBt enterprise funds
8/
370 37
387
kl3
kkl
k95
1955...
1956...
63
63
(Cant.)
Trust enterprise funds (net)
Fiscal year
or month
59
109
130
13k
Government-sponsored enterprises
Total
deposit
Investment In
public debt
securities
fund
accounts
96 37
-19k
-3k6
-529
-558
56 k/
k83
k25 %J
k38
690
238
216
-kk
'
310
-395
-120
-k37
•
10/
10/
10/
10/
y
Redemption of
agency obligations
In the market
10/
10/
10/
10/
10/
Other
expenditures
2/
310
-395
-120
-k37
Other
deposit
fund
accounts
iko 37
-505
k9
-klO
-121
170
5k8
39
k6o
-269
-58
-k8
-28
-31
-5
-73
95
53
97
-5
k6
-76
26
218
7
-5
-5
-7
1
•
10
-23k
-29
k22
13k
19
-W3
121
21k
-2k?
-302
-91
-30
1
90
12
-6k
112
77
-51
10
-8
-79
-872
-86
167
99
33k
39
-619
56
229
22k
-87
1959 (Est.)"
1957^1 uly..
Aug...
Sept..
-Ik
Oct...
Nov . .
Dec...
-k6
-27
-15
1958-Jan...
Feb...
Mar...
7
k3
Apr...
May...
June p
66
62
62
51
27
56
72
k9
-58
-51
59
k9
213
-227
lk7
5k
83
37
71
-51
70
5k
5k
102
36
-23
38
k9
16k
-175
32
-56
-96
-16k
k6
97
7
97
69
6k
-60
k
-5k
-3
22
-192
-lkk
-26
177
Source: See Table 1.
1/ See Budget Receipts and Expenditures," Table 1, footnote 12.
See "Budget Receipts and Expenditures," Table 1, footnote 1U
Includes net investment In public debt securities by certain
accounts (see Table U),
Includes security transactions of Government-sponsored enterprises beginning 1955 (see Table 1, footnote 2).
Does not Include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value); see also Table U.
6/ Operated as a trust enterprise fund beginning January 1, 1957,
at which time the production credit corporations were merged in
the Federal intermediate credit banks, pursuant to the Farm Credit
Act of 1956 (12 U.S.C. 1027); previously the banks and corporations,
respectively, were classified as public enterprise funds, and
were included net In budget expenditures.
y
V
10k
-118
-21
55
62
-3k
7
6
78
1
1
97
-123
-16
166
-183
k3
Secondary market operations, as provided in the Housing Act of
195U, approved August 2, I95U (12 U.S.C. 1719). Funds provided
by the Treasury (-), or repaid to the Treasury, are shown in s separate
column (and correspondingly are reflected net in budget expenditures).
8/ Includes District of Columbia operating expenditures; Indian tribal
funds; expenditures chargeable against increment on gold; and trust
enterprise funds (net) which are not shown separately. The Railroad
Unemployment Insurance Administration Fund is included beginning with
the fiscal year 195 * (see Table 2, footnote 3), and the Federal
Employees Insurance Fund (net) from its establishment in August 195**.
Not reported separately.
from deposit fund account expenditures and included with
Excluded
10/
similar security transactions of other agencies (see Tables ^ and 5)Less than $500,000.
Current estimates not yet available.
Preliminary.
1/
1
Treasury Bulletin
10
.
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
...
.
Auqust
WH
11
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures are excess of sales/
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
Commodity
Credit
Corporstion
Federal
Farm
Mortgage
Corporation
Federal
Bousing
Administration
1950
1951
1952
1953
22
-36%
8
-3
-10
72
-16
25
-7
-12
-16
-7
195k
k
-29
-30
37
-30
37
-30
-33
-33
6
6
-2
-6
-2
-6
12
-6ce 1/
-173
-1,085
-577
1955
1356
1957
1958 p
1959 (Ket.)«.
1957^July
August.
September
.
-19
-87
6
October.
November
December
-7U5
23
-186
12
-1
-1
1953-January .
February
March
-225
3
April
May
June p.
.
-1
-1
-lk2
-101
-2
3
-2
-1
-1
lkk
3k
10
10
-3
-3
719
-I4
-4
Home
Owners'
Loen
Corporation
u5
. ..
.
.
k
k
7
1
k
11
k
9
5
Treasury Bulletin
12
TRUST ACCOUNT AKD OTHER TRANSACTIONS
.
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
&
(In millions of dollars)
Expenditures other than Investments
Receipts
Fiscal year
or month
Total 2/
Net earnings
on investments
Appropriations
j/
1,517.3
287.
333.5
386.6
8.0
3.7
3.7
k38.9
11.6
5,039.6
6,336.8
6,301.2
6.870.U
k38.0
k87.5
7,158.8
7,901.k
555.3
555. k
370.5
836.9
307.7
815.0
l.k
6.3
3, Ml.
3,931.5
k, 516.3
5,080.3
1952
1953
195<>
5,585.8
1955
1956
1957
1958 p
Other kj
15,131.9
3,119.5
3,568.6
k,086.3
k,537.3
16,657.1
1937-50
1951
7,003.14
Deposits by
States 5_/
Benefit
payments
Total
3, 76k.
92.
1,568.5
2,067.1
2,750.0
3,k0k.8
9.6
7.k
5.2
1.6
98.6
171.6
296.8
k73.6
k,k87.5
5,551.3
6,723.0
8,116.1
61*2.8
1.6
.9
25.7
k3.3
Refunds of
taxes 6/
3,375.6
l,k98.1
l,982.k
2,627.5
3,275.6
33.0
ko.5
k, 333.1
5,360.8
51.0
66.0
6, 51k .6
58.2
7,87k.9
75.5
625.7
608.5
628.3
3.2
1959 (Est.)*
1957^1 uly
August
September
October. .
November .
December.
.
.
.
.
1958-January ....
February.
March
.
1*1*9.0
1»31.0
15.
61.3
lk.O
2.6
361.7
635.0
571.5
298.2
597.6
339.3
20.3
8.6
226 .k
k3.2
656.1
28.7
5.8
650.5
31*1.1
277.5
8U7.8
558.9
l.k
62.2
719-9
11.0
15.8
38.7
668.1*
632.6
65k. 7
39.2
696.7
680.7
62k.
1,085.8
687 .k
21.k
9.7
217.6
123.1
1*2.6
729.3
72k.
917.''
12.1
717.1
710.5
710.2
711.2
61,21.6.8
5k ,991. It
k,999.9
1,203.6
38,k32.7
36,8k2.3
897.6
61U.0
768.
1,138.1
April
May
June p
1937 to date l/p
Expenditures, etc.
Fiscal year
or month
-
Bureau of OASI
2/
Net Increase,
or decrease (
In assets
lkl.2
51.9
59.9
12,892.6
26.0
65.1
62.7
1,766.3
1,675.5
27.1
30.7
76.2
93.8
1937-50.
1951....
1952....
1953 ....
195k....
21*7.7
1955....
1956....
1957
1958 p..
18.6
21*
.8
2k .U
1,81*3.0
1,861*. 5
638.8
636.1
637.7
6U9.1.
(Continued)
Administrative expenses
Reimbursements to
general fund 8/
50.8
620.1
6kl.7
72.0
•
32k
3
.2
Assets, end of period
-)
Investments
12 ,892 .6
Ik, 735.6
12,6kl*.8
Ik, 322 .8
16,600.0
unexpended
balance
20,0k2.6 J/
21,lkl.O
22,593.1
23,028.9
16,273.1
17,817.6
19,339.9
2k7.8
kl2.8
327.0
5k8.8
702.8
20,580.5
22,Ok3.0
22,263.3
560.5
550.1
765.6
18, 366. 1*
30.9
3k.
119.
l,098.k
l,k52.1
k35.8
131.3
-21k .8
22, 811*.
21, 76k .2
l,0k9.9
1957-July
August. .
September
k.2
2.5
2.5
9.7
9.1
10.9
-272.3
22,756.6
216.8
22, 973 .k
-192.7
22,780.7
21,969.9
22,196.7
21,878.8
786.7
776.8
901.9
October. .
November
December.
2.6
2.6
2.6
Ik.
-2 9k. 3
10.7
10.2
-lk.i*
22,k86.3
22,k71.9
22,392.9
21,781.5
21,621.1
21,565.9
850.8
827.0
-378.8
229.1
-82.7
22, Oil*.
21,2k9.6
21,319.3
21,331.7
923.9
828.8
1959 (Est.)*...
.
.
-79.0
70k.
76k. 5
3.3
3.3
3.3
11.9
February .
March
April..
May ...
June p
2.5
2.5
2.5
lfi.k
39.1
11.3
3.2
kill .2
22,199.6
22,613.8
200.3
22, 8ll*. 1
21,362.1
21,733.6
21,76k .2
1,01*9.9
k6*>.6
801.6
22, 8lk.
21,761* .2
1,0119.9
1958«\January
. .
.
1937 to date J] p.
10.1*
12.7
Source: See Table 1.
l/ Includes transactions under the predecessor Old -Age Reserve Account.
2/ Beginning November 1951, total includes small amounts In the nature
of recoveries from expenditures Incidental to the operations.
For basis, Bee "Budget Receipts and Expenditures," Table 1, footnote 11.
3_/
k/ Through 1952, consists of transfers from general fund for administrative
and other costs of benefits payable to survivors of certain World War
II veterans (60 Stat. 979 and 61* Stat. 512); beginning with 195k,
consists of transfers from the Railroad Retirement Account (see Table 8).
To cover employees of States and their political subdivisions, under
5_/
the Social Security Act Amendements of 1950 (1*2 U.S.C. kl8).
6/ Reimbursement to the general fund pursuant to the Social Security Act
Amendments of 1950 and 1956 (k2 U.S.C. kOl (g) (2)).
22, 8lk.
1/
8/
2/
22,2k3.2
22,160.5
837.5
880.1
Includes adjustments to monthly statement baBis.
Wider the Social Security Act, aa amended (k2 U.S.C. U01 (g)
(1)), for administration of Title II of that act and related
parts of the Internal Revenue Code (26 U.S.C. U80-U82, lUOOl**-32). (See also footnote 9).
Salaries and expenses of the Bureau of Old-Age and Survivors
Insurance are paid directly from the trust fund beginning 19**7,
under provisions of annuel appropriation acts; previously they
were Included In reimbursements to the general fund under the
provisions of what Is now section U01 (g) (1) of the U. S. Code.
Beginning 195** Includes also construction and equipment of
office buildings.
Current estimates not yet available.
Preliminary.
p
.
.
.
Auqust
.
.
5
U
.
WH
13
.TRUST ACCOUNT AND OTHKR TRANSACTIONS -
Table 7,- Unemployment Trust Fund
(In millions of dollars)
Receipts
State accounts
Fiscal year or month
Railroad Unemployment Insurance Account \J
Deposits by States
16,024.9 2/
1, 541.6
1,643.3
1,593.8
1,492.5
1936-50
1951
1952
1953
195 *
1
Transfers from Administration Fund 3/
2/
Transfers from
general fund
Interest on
Investments
13 .fits.?
886.7
1,362.6
1,439.0
1,371.1
1,246.0
14.9
1,146.2
1,330.1
1,541.7
14.2
27.6
71.1
l,500.ii
90.
83.9
378.8
27.5
86 .9
364.2
15.2
-5.8-
.1
10.0
11.4
4.5
.2
75.2
64.5
244.1
.7
-1.0
11.0
9.2
12.4
-.4
107.3
-.5
-.5
-1.0
2.7
1,425.4
1,728.1
1,912.0
1,855.4
1955
1956
1957
1958 p
Contributions
Federel Unemployment Account hj
80.9
,3*.
164.1
184.5
202.8
S2U.U
4.4
4.9
15. 4
15.0
17.8
It
.2
64.3
167.8
71.2
33.7
1.6
3.6
3.2
199.1
198.9
224.8
230.8
1959 (Eat.)»
1957^uly
August
September.
.
.7
October
November.
December ....
253.7
133.0
1958-January
February ....
March
"3.5
176.5
28.0
43.0
168.9
12.6
7.1
13.7
April
M«J
June p«
95.5
405.3
154.6
81.6
394.2
9.5
9.1
15.0
29,218.2
24,584.0
1,153.3
.
.
. • . . .
1936 to date 6/
p,
13.6
.9
.k
5
•
.7
.5
1.0
13.2
-.5
102.9
39.0
2.5
91.1
337.0
2, 93 3-9
Expenditures other than Investments
Assets, end of period
State accounts
Fiscal year or month
Withdrawals
by States
Railroad Unemployment Insurance
Account 1/
Net increase,
or decrease (-)
In assets
Investments
Benefit
Payment b
Unexpended
balance
7,437.9
8,079.2
8,673.9
9,246.7 6/
8,994.3
7,414.3
8,064.2
8,647.1
9,237.0
8,989.0
23.6
15.0
26.9
9.7
-540.0
335.5
268.2
-1,292.6
8,454.3
8,789.8
9,057.9
7,765.4
8,443 .8
8,701.5
8,975.7
7,720.6
10.5
88.3
82,3
44.8
8.2
11.5
10.5
-53.6
254.3
-99.2
9,004.3
9.258.6
9.159.5
8,959.9
9.24U.4
9,157.0
UU.U
14.2
2.4
123.7
131.5
214.6
12.7
13.7
18.7
-61.1
108.5
-100.4
9,098.3
9,206.8
9,106.4
9,071.1
9,190.2
9,098.1
27.2
16.6
8.3
343.8
330.6
418.1
318.9
305.9
392.5
24.9
24.7
25.6
-300.3
-154.1
-390.1
8,806.1
8,652.0
8,261.9
8,783.6
8,637.3
8,257.5
22.5
14.7
426.3
377.3
348.3
399.3
353.1
328.4
26.9
24.2
-330.8
28.0
19.9
-193 .7
7,931.1
7,959.1
7,765.4
7,899.0
7,944.4
7,720.6
32.1
14.7
44.8
21,452.9
19,934.3
1,411.4
7,765.4
7,765.4
7,720.6
44.8
1936-50.
1951....
1952....
1953....
1954....
8,587.0 57
900.3
1,048.6
1,009.8
1,744.9
8,072.4
848.3
1,000.3
912.6
1,604.8
407.5 2/
52.0
48.3
97.3
140.0
1955....
1956....
1957....
1958 p.
1,965.4
1,392.6
1,643.9
3,148.0
1,759.5
1,287.0
1,510.7
2,926.4
205.9
105.7
133.1
221.6
137.5
126.6
129.3
112.9
116.2
136.4
145.2
233.4
7,437.9
641.3
594.7
584.0
-252
.4
5.4
1959 (Bet.)*
1957^July
August. . ..
September.
October.
November
December
.
.
.
1958-January. ..
February
March
.
April..
May
June p.
1936 to date 6/ p.
124.lt
Source: See Table 1.
1/ Excludes Interim advance of $15 million from the Treasury and subsequent
repayment, both talcing place In the fiscal year 1940.
2/ Contributions under the Ballroad Unemployment Insurance Act of 1938,
as amended (45 U.S.C. 360 (a)), In excess of the amount specified
for administrative expenses.
1/ Excess fundB of the Railroad Unemployment Insurance Administration
Fund, transferred under act of October 10, 1940 (45 U.S.C. 36l (d)).
^J Excess of collections from the Federal Unemployment tax over employment
security administrative expenses, to be used to establish and maintain
a $200 million reserve in the Federal unemployment account which will
be available for advances to States under act approved August 5, 1954
(42 U.S.C. 1102).
^/
6/
J_/
*
p
4.4
Total Includes $107.2 million transferred from State accounts to the
Railroad Unemploynent Insurance Account In connection with its
establishment under Railroad Unemployment Insurance Act, as amended
(45 U.S.C. 363).
Includes adjustments to monthly statement basis.
Includes transfers to the Railroad Unemployment Insurance Administration Fund as follows: $9.7 million in 19U9 and $2.6 million In
1950, repreeentlng adjustment for over-collectlone due to retroactive change in tex rate (45 U.S.C. 358).
Current estimates not yet available.
Preliminary.
7
.... .
2
5
9
7
u6
8
5
7
Treasury Bulletin
14
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 8»- Railroad Retirement Account
(In millions of dollars)
Fiscal year
or month
Appropriations 1/
1936-50.
1951....
1952....
1953 ....
195^.. ..
"•
,326-5
U.088.0
561.0
829.7
1*90.8
7*>2.3
717.9
699.9
7U0.U
722.6
695.2
1955....
19562/..
1957....
1958 p..
Interest on
investments
Benefit
payments
321.0
390.7
2,078.1
316.2
38U.6
1*65.1
1*58.9
,082.6
502.0
1*81*.
101.0
105.0
106.7
120.3
585.1
610.6
682.0
729.7
569.3
18.5
.2
81*. I*
1.1
57.7
59-9
598.9
635.3
615.9
57* .9
-
tra* ive
.
expenses 2/
238.5
70.2
78.9
89.3
98.7
750.8 5/
653.0
619.2 57
Admlnis-
Transfers
or deto FOASI
crease (-)
Trust Fund jj in assets
t.5
2,21*1*.
"*.9
2U0.0
6.1
6.1
5.8
1*39.0
669.7
719.5
277.2
215.9
11.6
11U.8
129.7
9.6
6.3
6.8
7.1
8.6
596.1.
Assets, end of period
Net
Increase.
Expenditures other than investments
Beceipta
7.1*
5.2
1.6
-3".. 5
1.6
-38.9
25.6
1*0.5
Investm^nts
2,21*1.
.0
2.U83 .9
2,922.9
3,201.9 6/
3,1*17.8
3,532.5
3,662.3
3,702.8
3,668.2
2,057.6
Unexpended
balance Uf
186. k
2, "t l"t.
69.1*
2,863.1
59.8
59.1
72.5
3,11*2.6
3,31*5.3
3,ii85.9
1.6.6
3,606.5
3,6it2.1
55.7
60.7
3,609.0
59.3
3.603.6
3, 63k.
3, 62k.
60.3
5U.7
60.8
1959 (Est.
1957-July
August
September
18.8
85.5
5k .8
53.9
.9
58.9
56.8
57.5
58.2
.2
3,663.9
3,689.5
3,685.3
October. .
November
December.
31.2
72.1
30.U
68.8
.8
50.6
1*9.2
3.3
1.5
59.7
59-3
59. **
59.1
58.8
58.8
-28.5
12.8
-8.8
3,656.8
3,669.6
3,660.8
3,582.6
3,607.2
3,596.1
6U.7
6.6
8.6
1.8
62.7
60.7
61.9
61.9
60.2
61.0
-37.<t
623.k
25.6
3,61*9.0
-17.2
3,631.8
3.559-9
3,585.7
3.578.0
63.5
63.2
53.8
3.**
63.6
63.1
62.9
62.9
62.U
62.0
-1*3.1
3,588.7
3,598.0
3,668.2
3, 52"* .8
61*.
9.3
70.2
3,537.0
3,609.0
61.1
6,368.9
6,277.3
3,668.2
3,668.2
3,609.0
59.3
.
1958-January
February
March
25.3
86.3
18.7
77.7
1*1*.
1*3.0
20.5
72. U
17.0
70.2
133.1
3.1
2.2
89.9
1936 to date 6/p 10,037.2
9,028.7
1,008.5
.
.
.
April..
May
June p.
-I*
56.2
35.1*
3.
7". .2
62.3
59.3
I
Source: See Table 1.
l/ Includes the Government's contribution for creditable military service
Begijullng 1952, appropriations of receipts
(1*5 U.S.C. 228c - 1 (n)).
are equal to the amount of taxea deposited in the Treasury (less refunds) under the Railroad Retirement Tex Act, and transfers are made
currently subject to later adjustments (see Budget Receipts and Expenditures, Table 1). For prior years, appropriations were Included
here when made, but were Included In Table 2 when the funds were
transferred from the general fund. Beginning 195^ Includes unappropriated transfers of tax receipts.
Paid
from the trust fund beginning 1950 (63 Stat. 297).
2/
Pursuant to the financial Interchange provisions of the Railroad
Retirement Act, as amended October 30, 1951 (1*5 U.S.C. 228e).
Includes unappropriated receipts beginning fiscal year 195**.
Appropriations reduced by $19.8 million in November 1951 and $18.7
million ir, August 1953 and theBe amounts transferred to surplus
(65 Stat. 755; 67 Stat. 21*5).
Includes adjustments to monthly statement basis.
Includes adjustment due to reporting change to a collection basis.
Current estimates not yet available.
Preliminary.
Table 9.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than Investments
Receipts
Fiscal year
or month
Transfers from
Premiums and
other receipts general fund
191*1-50...
1951
1952
1953
195*1
9,759.2
683.7
786.0
636.6
619.3
U.60U.6
590.5
1955...
1956...
1957...
1958 p.
I*,
1*80.1
160.
1*3
.1*
Interest on
Investments
991*.
Total
I*,
203.5
397.7
390.8
81*.
151*.
72.1
156.1*
1*05.5
1*10.2
27.8
363
.it
613.6
996.3
588.0
622.6
I60.3
156.2
1*26.1*
2,633.0
222.2
1,730.1*
391.1*
1*55.5
l*3l*
1.
5*>0.8
153.8
177.8
.2
1.1*.
Assets, end of period
Investments
Unexpended
balance
5,31*2.1
5,1*35.6
53.6
30.2
5,190.6
65.O
-3.3
5,255.6
5,30U.3
5,301.0
,395.8
70.1
-210.2
1*8.7
5,395.8
5,1*65.9
5,21*9.5
5*>
5,272.5
28.5
.8
52.6
5,353.7
512.0
515.0
137.3
5,1*91.0
5,31*5.6
5,1*81.1
92.5
51*5.0
51*5.0
91*.
5,583.5
5,678.3
5,570.3
5,665.3
8.0
9.9
13.2
13.0
1.8
1.9
1.8.8
1.8.8
1*5.5
-6.6
-3.8
-9.2
5,576.9
5,573-1
5,563.9
5,566.3
5,562.3
5,552.3
10.6
10.8
11.6
-3.1
-3.7
-3.0
5.560.8
5,557.1
5,550.3
10.1*
5,55l*.l
5,51*6.3
5,5**0.3
10.8
13.8
-3.7
-3.9
-3.6
5,550.1*
5,5*t6.5
5,538.3
12.1
5,53"*.3
5,51*2.9
5,531.3
12.2
11.6
78.1*
157.2
160.7
607.5
639.8
l*2U .8
19.3
163.1*
537.8
512.0
515.0
1*59.1
lU.lt
166.2
1*2.8
>»0. 1>
kl.7
39.8
61*9.3
Benefits and Special
refunds
dividends
Net increase,
or decrease
(-), in
assets
382.9
151*. 9
1959 (Est.)".
1957-July
August.
September.
31* .3
31*.
.3
1.3.6
1*5.5
1*3.6
October.
November
December.
1*0.3
1.6
1.5
It3.lt
1*3.1*
37.1*
38.6
36.0
36.6
1958 -January
February
March.
1*5.1
1*1.8
1*3.5
1*0.5
38.1
.
.
.
.
191*1
.
.
April
May
June p.
.
1.1.2
1*1.2
1*0.
1.0.1*
1.6
1.8.8
1.8.8
1.2
1*5.7
37.3
.7
•1.7
1*5.7
1*1.7
38.7
37.7
20U.9
37.2
36.7
38.3
1.3
,971.9
7,999.1
37.5
.
.
to date p.
II*
.7
.7
I*,
50.6
50.6
1*6.8
1*6.8
U8.6
U8.6
-11.9
-9.1
156.3
5,531.0
5,522.0
5,678.3
5,522.3
5,511.3
5,665.3
10.6
13.0
9,293.6
5,678.3
5,678.3
5,665.3
13.0
1.2
165.3
703.0
2,269.8
9,293.6
Source: See Table 1.
Note: This fund was established by the National Service Life Insurance Act
of 19**0 (38 U.S.C. 805).
*
Less than $50,000.
** Current estimates not yet available.
p Preliminary.
8.7
.
August 1958
15
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 10.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of June 30, 1958
(la millions of dollars)
Federal Old -Age
and Survivors
Insurance Trust
Fund
Public Issues:
Certificates of Indebtedness:
3-3A*
-
Treasury notes:
3-1/2*
h
-
3-5/8
-
It
-
3-3A
-
2-5/8
-
Series D-1958
Series
Series
Series
Series
Series
Series
A-I96O
A-I96I
A-1962
B-1962
C-1962
A-1963
U7.5
119.1
176.0
15.0
20.0
30.0
Treasury bonds:
2 -l/U*
-
2-lA
-
2-3/U
-
2-1/2
2-1/2
2-1/2
-
2-1/2
2-1/2
2-1/2
1959-62 ( dated 6/I/U5 )
1959-62 (dated 11/15A5 )
1961
-
1961
1962-67
-
1963
-
1963-68
I96U-69 (dated U/15A3)
I96I1-69 (dated 9/15A3)....
-
2-5/8
2-1/2
-
3
-
2-1/2
-
2-1/2
2-1/2
2-1/2
-
1»
-
3-7/8
-
3-I/1,
-
3-1/1,
-
3-1/2
-
3
-
2-3A
-
-
1965
1965-70
1966
1966-71
1967-72 (dated 6/1 A5)
1967-72 (dated lO/20/lil)...
1967-72 (dated 11/15A5)...
1969
197U
1978-83
1985
1990
1995
Investment Series B-1975-80
Total public Issues
Special Issues:
Certificates:
2-1/2*
2-5/8
-
Series 1959
SerleB 1959
-
Series 1959 to 1963
Series 1959 to 1963
Notes:
3*
2-1/2
-
Bonds:
2-1/2*
-
Series 1963-1968
Total special Issues
Net unamortized premium and discount..
Accrued Interest purchased
1
. .
Total Investments
Source: Bureau of Accounts:
*
Less than $50,000.
Ra 1 lroad
Retirement
Account
Unemployment
Trust Fund
Treasury Bulletin
.CASH INCOME AND OUTGO.
appear. ng In the
the February 195°
receipts from and
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
the 1957 an ^ subsequent Budgets of the United States, Special Analysis A.
borrowing by Government agencies and Government-sponsored
Reconciliation to cash deposits and withdrawals In the
It excludes changes In the public debt which do not rep-
account of the Treasurer of the United States Is shown on
The net
effect of all these transactions with the public is
reflected In changes In the balance in the Treasurer's
account and in cash held outside the Treasury.
The cash Income and outgo data
"Treasury Bulletin," beginning vlth
Issue, are on a basis consistent with
payments to the public as derived In
the same basis as In the Budget documents.
i
There Is also
6hown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements, data In
enterprises
through
sales of their own securities.
resent direct cash borrowing from the public.
accordance with the Budget classifications are made avail-
figures for back years have been
Cash transactions through the Treasurer's account are
revised where necessary in order to make them as nearly
similar in general concept to those Included In the Budget
able month by month.
comparable with the Budget classifications as available
data will permit.
For this reason certain of the figures
differ somewhat from those published In earlier 3udget
documents as well as In the Bulletin.
series,
but are limited in coverage to transactions which
affect the balance In that account.
On the other hand,
they Include receipts from the exercise of monetary
authority, which are excluded from receipts from the public
In the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
Beginning with figures for the fiscal year 1953. the
series of transactions with the public le based on the
Includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which is compiled from reports
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account.
Cash deposits and withdrawals in the Treasurer's
in payments on a net basis as reflected in Treasury reports.
account.
Major lntragovernmental transactions which are reported as
account, beginning with the figures for the same year,
both expenditures and receipts are eliminated from both.
reported In dally Treasury statements.
Noncash Items which represent accrued obligations of the
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
Government to make payments In the future are also eliminated
from expenditures but are added later when actual payments
are mace.
Receipts from the exercise of monetary authority
mostly seigniorage on silver)
are
excluded
as
not
are
For those years
statements which reported separate classifications for
trust account transactions, etc.
budget results,
..
..
.
August 1958
17
.
CASH INCOME AND OUTGO
.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public
Federal payments to the
public
Excess of
receipts, or
payments (-)
1950
1951
1952
U0,9l.0
1.3,11.7
-2 ,207
53,390
68,013
"»5,797
67,961t
7,593
1953
71,1*99
71,627
76,773
71,860
-5,27lt
1951*
1955
1956
1957
1958 p
67,836
77,088
82,107
81.855
70,538
72,617
80,008
-2,702
83 ,328
;786
7,160
7,185
066
6,751.
896
075
lt9
-232
Plus: Net cash
borrowing from
the public
or
repayment (-)
,
Plus: Receipts from
exerclBe of
mone tary
authority
,229
25
-5,796
-505
2,919
2,512
1.3
I.
68
56
73
Change in cash balances
Equals:
Treasurer's account
balance, Increase,
or decrease ( -)
2,0L7
1,839
-388
-2,299
2,096
Cash held outside
Treasury, increase,
or decrease ( -)
257
-312
-202
29
23
2,099
1,809
-It, 366
-3,100
-1.1.72
5,769
59
-3,359
-399
1,311
7,501
6,219
7,119
-3,60-,
85
6,377
6.7U0
6,509
-1,003
1,020
3,976
-2,111.
626
6,8llt
-2,188
2,686
1.12
9U
,908
7,021
7,929
-lilt
'-96
-357
152
3,718
-275
3,619
-lTk
it,
1*71
-551
331
-956
U9
5
159
197
2,373
776
1,01U
-1,115
U23
131
J>0
-106
500
665
383
-3,028
553
-259
-36
-107
-1,101
68
888
1,682
30
187
I*.
1959 (Est.)*..
1957-July
August .
September
.
October.
November
December
1956-January.
February
March ....
April
May
June p.
.
.
801
1*33
,371.
759
1.
,647
-lit it
-686
Actual figures through 1952 are based en the daily Treasury
Source:
statement and thereafter they are based in part also on the monthly
statement of receipts and expenditures of the Government (for ex-
2,1.36
planation of reporting bases, see page II),
Current estimates not yet available.
Preliminary
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
-72
-33
-1.0
Treasury Jiullctin
IS
CASH IHCOME AND OUTGO
Table 3.
Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
.
.
.,,.
W$
August
19
,
CASH INCOME AMD OUTGO
Table 5,- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In milliono of dollars)
Budget receipts which are
also budget expenditures
Fiecal year
or month
Interest paid
to Treasury
by public
enterprise
funds
1950
1951
Other
i/
Budget receipts which
are also
trust fund
expenditures
2/
18
29
1*7
10
87
20
6
25
59
228
6
68
173
7
81
1957
297
*55
18
10
102
10*
1956 p
553
1955
1956
u
73
102
lWt
1952
1953
195U
Budget receipt*
which are also
Governmentsponsored
enterprise
expenditures
Trust fund receipts which are also
budget expenditures
Interest on
investment in
public debt
securities
Interest
on uninvested
trust
funds
Payroll deductions for
employees*
retirement U/
880
892
987
218
Other
Trust fund
receipts which
are also
trust fund
expenditures
y
358
378
83*
398
573
2
1-11
2
3
2,197
1,930
2,116
2,199
2,110
1,09U
1,188
It20
I463
U30
167
7
18
1,173
1,207
1,318
1,3*2
••39
166
16
57*
6**
673
521
695
681
12
2,061
2,739
10
11
3. 1*95
2
9
18
51
50
56
28
28
113
115
U6
126
62
167
186
3,2*2
1959 (1st.)".
1957^July
August .
September
2l>
20
.
October
November
December.
.
1958-January.
February.
March.
.
April
May
June p.
Source
:
5
*
3
8
3
5
57
33
15
59
50
22U
5
31*8
62
15
25
76
*6
62
*
h
9
26
22
2*
. .
3
5
It
203
It
See Table 1
53
63
57
52
703
6*
61
5k
227
217
135
Ul
19
61
6U
55
19*
5*
799
59
102
1,168
1W
Footnotes follow Table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Fiscal year
or month
1?50
1951
Net accrued
Interest on
sevinge bonds
and Treasury
bills 1/
Clearing
account for
public debt
Interest 2/
571*
638
758
718
52*
L9I
1953
195*
1955
*97
U56
388
25U
i
1957
1958 p
68
Noncash expenditures Involving Issuance
of public debt securities \l
Special notes of U. S. 6/
Adjusted
service
bonds kj
-2
-1
-1
-1
-1
Armed forces
leave bonds 5_/
-95
-160
-68
-2*
-1U
26
23U
-15
-7
-6
102
-u
International
Bank series
-*1
International
Monetary Fund
series
207
Net Investment
in public debt
securities
included in
expenditures
1/
28
Clearing
account
for
checks
outstanding,
etc. 8/
U83
1,153
13
-2l!l
-9
-UOl
-250
-115
275
279
28
109
156
175
-67k
-U50
-55
335
-753
626
"i72
572
615
9*3
-811
528
Eat.)**
1957-July
August
Se ptember
October
November
December
1958-January
February
March
April
May
June p
Source:
See Table 1
121
77
1*3
13
-23k
222
17
2*3
13
260
U8
-157
31
-l.il
kl
-27*
-11
216
-121
257
*77
-1,093
*3
2*0
-121
-37
-81
-179
-26
-kg
-26
-8
39
122
-*87
250
368
-13
559
-8
-56
-to
-53
228
25
I15U
-I19U
-72
237
-It
Footnotes follow Table 7.
383
-2U8
-60U
618
-367
377
586
51
..
...
.
20
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account
of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-);
In millions of dollars)
Change in public debt and agency obligations held by the public
Fiscal year
or month
Plus: Net sale of obligations
of Government enterprises In
the market
Public debt
Increase, or
decrease (-)
Public and
trust enterprise funds
1950
1951
1952
1953
195k
k,587
-2,135
3,883
6,966
5,189
Ilk
-59
-Ik
1955
1956
1957
1958 p
3,115
-1,623
-2,22k
173
,085
5,816
-8
10
Government sponsored
enterprises
Less: Net investment in Federal
securities by Government agencies
Public
enterprise
funds
Trust funds
-Ik
Governmentsponsored
enterprises
Equals:
Increase in
securities
held by the
public, or
decrease (-)
10k
101
33
11
3,369
3,355
3,068
1,686 1/
79
-77
8k
179
153
kk6 1/
577
269
872
86
-167
1,236
2,516 2/
2,262
106
126
101
36
91
171
5k9
kl
k6o
k,870
-5,308
175
3,6ko
3,130
2,U5k
-3,7k3
-3,392
5,569
1,9>*2
19
31
-5
1,376
567
87
-1
-6
73
-58
-k8
-28
2,373
816
9k5
-3I.5
7U5
k6
k67
652
k2k
-»02
37k
-186
602
23
69
1959 (Est.)*«.
1957-July
August .
September
.
October.
November
December
1958-January
February.
March ....
.
April
May
June p
.
76
-1
-35
-23
151
186
»
-1.8
-32
-31.3
225
1U2
-19
-559
IB
-121
163
8
2,k33
595
691
Loss:
Fiscal year
or month
57k
1950
1951
1952
1953
195k
-
,
,
,
1955
1956
1957
1958 p
,
638
758
718
52k
U97
k56
388
25k
k22
13k
-18
-2 lit
-118
5k
78
-lkk
-3k
91
30
-10
97
2,561
7
-719
-112
-268
589
31k
22
-192
-28
-281
19
Deductions for noncash and other transactions
Issuance of public debt securities representing
expenditures, or refunds of receipts k/
Special notes of U.S.
Adjusted
service
bonds
1/
-5
-7
1
-159
-2,181
-2,055
Net
accrued
interest
on
savings
bonds and
Treasury
bills 37
9
16
679
121.
.
-319
685
-298
Armed
force s
leave
bonds 5_/
-95
-160
-68
International
Bank
series
-kl
5_/
International
Monetary
Fund
series
207
Excess
profits
tax
refund
bonds 6/
Total
deductions
Equals:
Net cash
borrowing
from the
p-bllc, or
repayment
(-)
Less:
Transactions
not
reflected
Equals:
Net cesh
borrowing
through
in
the
the
Treasurer's
account, or
repayment (-)
Treesurer's
account 2/
k,229
-5,796
-505
2,919
2,512
68
'79
170
155
256
k,l6l
-5,875
109
6k2
k89
680
722
618
-6
156
175
-67k
6kk
623
-292
1,809
-k,366
-3,100
230
399
5k9
1,579
-k,765
-3,6k8
-k
-k50
-200
5,769
516
5,253
-121
-37
-81
2,373
776
1,01k
11
2,362
ko
53
723
-69
k6
968
500
665
383
17
61
k91
6k8
322
-2k
-Ik
-8
-7
13
-9
28
-67k
2,763
2,255
1959 (Est.) •*
1957-July
August....
September,
October...
November .
December.
121
77
13
17
-k 9
13
-26
-32
-13
k8
-8
ko
1958 -January. .
February..
March
-kk
18
-52
-36
-107
15
-52
-11
U8
-56
-67
2,11k
51
-155
-2,165
April.....
May
June p
f
-k
-125
2,686
5k
25
2,632
68
-96
78
-72
-6
-275
7k
-17k
-3kg
.
Source:
.
.
See Table 1.
31
66
Footnotes on following page.
August 1958
21
.
CASH INCOME AND OUTGO
Footnotes to Table 3
l/
2/
\j
For further detail, see "Budget Receipts and Expendituree," Table 1.
For further detail, see "Trust Account and Other Transactions," Table 2.
Treated as noncash refund deductions from receipts when issued and
as caeh refund deductions when redeemed.
4/
•
**
Consists of seigniorage on silver and increment resulting from reduction in the weight of the gold dollar; excluded from receipts from
the public but Included in cash deposits In the Treasurer's account.
Less than $500,000.
Current estimates not yet available.
Preliminary.
p
Footnotes to Table 4
V
1/
For further detail, see "Budget Receipts and Expenditures," Table 2.
For further detail, see "Trust Account and Other Transactions," Tables 3,
Includes net change in balances in Government-sponsored
enterprise deposit fund accounts with the Treasurer of the United States.
Net operating expenditures, or receipts (-), as measured by funds provided
by or applied to net security transactions reflected in Treasury reports
(see Table 7)- To a large extent, these Government-sponsored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal securities which they hold, and they apply the
net income received from operations to repayment * borrowing from the
public or to investment in Federal securities. On that basis, net
4, and 5.
4/
5_/
6/
J_/
*
expendituree for operations are shown in this table in terms of the
combined net of disinvestment in Federal securities end sale of agency
obligations In the market, and net receipts from operations are shown
in terms of the combined net of Investment In Federal securities and
redemption of agency obligations In the market.
Hot reported prior to 1954.
Consists of only those market transections not cleared through the
Treasurer's account.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,643,070 (par value).
Current estimates not yet available.
Preliminary.
p
Footnotes to Table 5
l/
2j
3_/
4/
Federal intermediate credit bank franchise tax through December 1956
and, beginning 1953, «l«o relmbureement by Panama Canal Company for
expeneea and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for administrative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement
by Highway Trust Fund for refunds of taxes; relmbureement by the
District of Columbia; payment of dividends, interest, etc., by
Federal National Mortgage Association's secondary market operations;
and Federal Intermediate credit bank franchiae tax and repayment of
capital stock to the Treasury after December 1956 and before
January 1959.
Consists of payment of earning? and repayment of capital stock to
the Treasury through 1952; amd paymeat of framchlee tax by bamks
for cooperatives beginning 1955, and by Federal intermediate
credit banks beginning January 1959.
Includes relatively small amounts of deductione from salaries paid
5_/
6/
by trust funds end Government-sponsored enterprises. Beginning
with fiscal year 1958 excludes deductions from salaries of District
of Columbia employes a (see footnote 6).
Consists of payments to employees* retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans' life insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, end
District of Columbia; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Services retirement fund for its share of contributlona, and beginning with 1958
alao deductione from Its payroll; payment by Railroad Retirement Board
to Federal Old -Age and Survivors Insurance Trust Fund; transfers
from Civil Service retirement fund to Foreign Service retirement fund
except 1958 actual expenditures; and transfers from Railroad Unemploymsnt Insurance Administration Fund to Unemployment Trust Fund through
1955.
*
**
Use
than $500,000.
Current estimates not yet available.
p
Preliminary.
Footnotes to Table 6
1/
2/
2/
4/
5_/
Accrued discount on savings bonds and bills less Interest paid on
savings bonds and bills redeemed.
Public debt lntereat due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 1954, consists only of public debt
interest checks and coupons outstanding; net Increase, or decrease
(-). Not reported as a separate clearing account prior to 195**.
Treated as noncash expenditures at the time of Issuance of the
securities and as cash expenditures at the time of their redemption;
net issuance, or redemption (-).
Issued in 1936 In exchange for adjusted service certificates held by
veterans of World War I. The bonds matured in I9U5.
Issued in 1947 in payment for accumulated leave. The last of these
bonds matured in 1951*
6/
l/
8/
*
**
Part of the United States subscription to the capital of the International Bank for Reconstruction and Development and to the International Monetary Fund was paid in the form of nonintereat-bearlng
nonnegotlable notes payable on demand (see I9U7 Annual Report of
the Secretary of the Treasury, pages 48, 35O, and 385). The last
of the notes lseued to the Bank was redeemed in 1950.
By wholly owned Government enterprises; beginning 1951, such net
investmente are reported eeparately and are not included in expenditures (see "Trust Account and Other Transactions," Table 4).
Checks outstanding less deposits In transit, and changes In other
accounts; net increase, or decrease (-). Prior to 1954 includes
alao public debt interest due and unpaid (see footnote 2).
Less than $500,000.
Curvent estimates not yet available.
Preliminary.
p
Footnotes to Table 7
2/
In this table, beginning 1954, In accordance with treatment In Budget
documents, net investment in United States securities by Governmentaponaored enterprises Includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table 4
under "Trust Account and Other Transactions, " these amounts are Included In trust and deposit fund account investment.
Does not Include investmente representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
Accrued discount on savings bonds and bills, which Is included in the
it/
principal of the public debt, less Interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net Issuance, or redemption
(-).
5/
2/
If
Excluded from borrowing because the transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3*
Market transections in public debt securities and agency obligations.
Less than $500,000.
Current estimates not yet available.
Preliminary.
p
Treasury Bulletin
22
ACCOUNT OF THE TREASURER OF THE UNITED STATES
.
Source and Availability of the Balance In the Treasurer's Account
The aooount of the Treasurer of the United 3tatee
reflects not only budget reoelpts and expenditures but
also trust,
deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
branohes.
As
account to the tax and loan aooount In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
the balanoea In these accounts become de-
they are restored by oalllng In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan acoounte with thousands of
commercial banks throughout the country.
to leave funds In banks and In the conmunltles In whloh
they arise until such time ae the Treasury needs the funds
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
for Its operations.
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
pleted,
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955,
Pages 275-2S14-.
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
..,
.
.
August 195H
23
.
ACCOUNT OF THE TREASURER OF THE UHITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(Id Billions of dollars)
Fiscal year
or month
Proceeds from sales of securities 1/
Savings
notes
Withheld
and
excise 2/
Tax
anticipation
securities
5,83U
1952
1953
3,755
3,390
2,226
2,667
195"*
3,1*57
1955
1956
1957
1958
U.U2U
3,810
2,976
5,977
6,035
5,*3
786
6,568
2,82lt
2,922
2l»6
2,922
1957 ^July
August.
,
. .
1
September
2,1*51
287
13 ,579
2,231
2,333
5,2"<3
6,861
5,0Ul
U,30U
15,859
19,898
8,167
13, 513
20,538
23,897
26,709
27,88l
1,693
2,692
i,a»7
3,002
2,862
215
197
202
195
223
Total
credits
16,877
128
End of
period
15,380
21,716
37,066
High
Average
830
"•3,303
3,268
5,680
5,106
3,071
8,776
1,"25
950
">,791
11.6M.
39,879
".,836
7,*»93
1,61*9
3,870
2,967
»,6ll
1.2, 071"
1*2,51.5
7,299
1,910
39, WO
38,871
"•,365
".,633
5,1.86
1
152
7,903
1*5,1*1*8
1.6,000
50,908
6,078
8,869
3,991
3,373
2,987
55, OM.
U.082
8,218
2,833
3,331
5.818
6,29".
6,971
13,270
10,227
"*,
137
2".,
36,1.93
".1,267
"•,552
5,801
U.910
k,»U
3,265
3,7>»1
6,293
1,1*31
5,"*09
,
10',
813
2,609
3,208
3,255
">,212
1,078
3,2"*6
3,920
5,886
2,833
1,078
1,353
2,331
1*
,306
2,83".
1,33k
1,030
1,222
2,821.
lt,OU9
3,037
5"*8
2,762
3,533
"•,033
2,572
3,583
3,09.
5,755
3,583
3,589
2,286
1,638
1,710
3,555
2,212
2,779
1,501
258
252
36
1,328
1,168
3,161
2,726
3>55
2,818
2,385
1,767
2,837
3,005
2,925
5.W.7
1,103
1,138
1,731
1,782
3,6*5
2k2
226
3,823
May
June
23">
1,029
.
1958-Januaxy. ..
February .
March
April....,
333
1,091
2,953
2,863
Office of Fiscal Assistant Secretary
figures are on basis of
telegraphic reports
Special depositaries are permitted to make payment In the form of
a deposit credit for the purchase price of united States Government
obligations purchased by them for their own account, or for the
account of their customers who enter subscriptions through them,
when this method of payment la permitted under the terms of the
circulars inviting subscriptions to the Issues.
Taxes eligible for credit consist of those deposited by taxpayere
In the depositary banks, as follower Withheld Income tax beginning
Source:
2/
7,287
10,331
3,">37
".,679
Income (by
special
arrangement) 3_/
5,751
2,759
October . .
November
December.
l/
During period
Withdrawals
Savings
bonds
1950
1951
Taxes
;
6,00li
2,127
6,1.33
"t,67"»
"•,596
21
5,177
3,179
9,7M*
5,216
3,006
6,257
".,558
"•,730
5,619
8,218
2,380
"•,558
1,61".
3,655
5,129
8,869
"•,153
".,696
2,653
5,1*31
March 19"*8; taxes on employers and employeee under the Federal
Insurance Contributions Act beginning January 1950, and under the
Ballroad Retirement Tax Act beginning July 1951; and a number
of exclee taxes beginning July 1953.
Under a special procedure begun in March 1951, authorisation may
be given for Income tax payments, or a portion of thea, made by
checks of $10,000 or more drawn on a special depositary bank to
be credited to the tax and loan account in that bank.
This
procedure is followed during some of the quarterly periods of
heavy tax payments
.
.
.
.
Treasury Bulletin
2k
.DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
End of
fiscal
year or
month
GuaranTotal 1/
Public
debt
Public
debt
teed
securities 2/
1950.
1951.
1952.
1953.
257,377
255,251
259,151
266,123
257,357
255,222
259,105
266,071
20
29
1951*.
271,31*1
271,260
81
271., 1*18
27k, 37k
U.
272,825
7lf
270,631.
272,751
270,527
276, kkk
276,31*3
1955.
1956.
1957.
1958.
Matured debt and debt bearing no Interest
IntereBt-bearlng debt
Total outstanding
1*6
52
107
101
Guaranteed
securities 2/
Public debt
Monetary
Fund kj
y
265
512
1,270
1,283
2,21.2
1*19
1,271*
2,125
298
1,302
613
575
550
525
2,350
2,633
2,668
1*37
1,1*11
502
2,150
2,372
2,11.8
kk
51
2,21.1.
2,126
268,910
80
2,351
271,71*1
*>3
2,631.
269,883
73
2,869
255,226
252,879
256,907
263,997
255,209
252,852
256,863
263, 9U6
268,990
271,785
269,956
268,592
2711,798
268,1*86
27!*,698
17
27
Other
5/
2,370
106
101
2,01.2
1,61*6
2,0U2
1,61.6
589
666
529
597
1,567
1*77
1,71*2
1.60
1,068
618
1.1.1.
276,731
276,628
103
27k, 322
271*, 219
102
2,1*09
2,1*08
871*
1,083
1*51
1957-July
August....
September
272,575
272,1*69
270,595
272,018
272,688
106
108
1,875
1,828
1,725
1*72
273, 8U5
270,700
272,126
272,802
1,871.
273,951*
107
109
115
1,828
1*79
1,721*
1*57
960
910
829
U39
U38
272,508
273,235
272,977
272,1*06
1,661
1,615
W.5
U25
1.36
75**
1.36
272,871.
1*
1,662
1,616
2,025
780
273,132
102
103
2,021.
81.1
71.6
1*37
272,777
272,959
100
27"., 527
271*, 1*12
2 71., 170
27k, O67
27k, 850
27U.7U7
103
10k
275,002
27 *,898
101.
1958-January .
February.
March
271., 656
271*, 555
101
.
.
April.
May...
June
1
782
271*, 679
272,728
272,621*
103
iou
272,877
273,061
271,051
275,151
275,057
9".
273,51.0
271*,
275,71*9
2 76, kkk
276,31*3
97
101
27"*, 126
270,91.8
273, kk7
27k, 030
27k. 698
271* .798
276, 31*3
Source: Dally Treasury statement.
Includes
certain
obligations
not
subject
to
statutory
limitation.
1/
For amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
Consists of Federal Housing Administration debentures beginning
3j/
March 1953.
k/ Special notes of the united States Issued to the International
.
Table 2.
111*
(matured)
U30
1956 -December..
October .
November.
December .
Guaranteed
securities 2/
1.1.2
1*35
609
1,777
733
1,720
562
102
1*33
725
103
1,676
1*32
576
669
1,610
51"*
665
1*31
93
96
1,622
500
690
"*33
1.30
101
1.61.6
S07
1 6k6
6l£_
Monetary Fund in payment of part of the United States subscription,
pursuant to provisions of the Bretton Wood3 Agreements Act, The
notes bear no interest, are nonnegotiable, and are payable on
demand.
Includes savings stamps, excess profits tax refund bonds, and
currency items. For current month detail, see "Statutory Debt
Limitation," Table 2.
1,776
1.721
1,677
1,611
1,623
Interest-Bearing Public Debt
(In millions of dollars)
August
-
........
.
..
-
WH
25
.DEBT OUTSTANDING.
Table 3.- Special Issues to United States Government Investment Accounts
(In ml 111 one of dollars)
Federal
Deposit
Insurance
Corporation
Bid of fiscal
year or month
32,356
1950.
1951.
1952.
1953.
195k.
3k, 653
37,739
1.0,538
k2,229
U3.250
Federal
Disability
Insurance
Trust
Fund
808
868
888
8k6
892
119
77
50
50
232
1.6,827
k6,2>.6
835
673
718
673
1956 -December.
"•5,639
671.
1957^IuU
August. . .
September.
•6,323
k6,709
U6,221
718
670
650
1.1.7
October.
November.
December.
1.6,068
1*5,986
••5,799
61*6
511
637
640
5"*1
1958-January
February.
March.
k5,k 70
1955
1956
1957
1958
l»5,iil.
.
.
.
April.
May...
June.
••5,959
"•5,810
1.5, M.3
1.6,115
1*6,21*6
Federal
home
loan
banks
Federal
Old -Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corpora
tlon
10,1*18
15,532
17,051.
8k
5,851*
6,168
6,667
lit,
Ok 7
200
18,239
91.
52
19,1.67
19,it63
18,610
103
103
112
50
19,22k
95
50
50
50
19,108
19,255
18,902
88
80
18,780
18,599
18,519
76
580
50
50
50
710
716
701
617
677
7k7
50
200
200
18,203
18,272
18,260
87
685
687
673
807
917
996
200
200
165
18,260
18,632
18,610
105
109
(96
360
1161
3,817
79
86
79
61
12,096
50
165
325
Government Government Highway
employees' Life
Trust
retirement Insurance Fund
funds
Fund
5,011.
5,602
80
83
102
Source: Dally Treasury statement.
1/ Includes Canal Zone Postal Savings System.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
Postal
Savings
System
Insurance
1/
Fund
Life
1,292
1,300
1,300
1,299
1,23k
l*,391
73
National
Service
7,39k
1,233
1,217
1,200
7,738
1,
7,215
1,191
7,322
7,280
7,288
1,186
1,182
1,177
7,318
7,295
7,31k
1,173
1,169
7,367
7,k29
7,k83
7,502
7,589
7,738
l<t It
404
822
5,3k2
5,k36
5,191
5,2k9
5,272
1,802
706
552
5,3k6
5,k8l
5,570
5,665
91
1.52
213
6
5
5,kk5
k07
Railroad
Retirement
Account
Unemploy
ment
Trust
Fund
Other
2/
2,058
2,klU
2,863
3,128
3,3k5
6,616
7,266
7,7k5
8,287
3,k86
3,600
3,k75
3,531
7,k79
7,737
7,996
6,671
3,510
8,096
133
8,021.
6
13
9
32
2 It
79
112
123
120
510
5,566
5,562
5,552
5
5
5
3,ko6
3,362
3,307
7,980
8,23k
8,127
125
125
117
581
575
587
5,550
5,5k6
5.5k0
5
5
5
3,2ko
3,2k5
3,209
8,031
8,135
8,038
107
108
70
1,161
1,156
1,152
611*
715
8lk
5,538
5,53k
5,531
3,322
3,509
3,k86
7,72k
7,578
7,188
79
127
1,119
1,112
8k9
88U
822
5,522
5,511
5,665
3,k51
3,U64
3,531
6,829
6,89k
6,671
113
116
120
1,161.
l,ll*k
1*56
5
5
20
72
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans' Special
Term Insurance Fund.
Less than $500,000.
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Computed annual Interest rate
Total interest-bearing securities
Fnd of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securitlea 1/
Public
debt
Computed annual
Interest charge
Public debt
and guaranteed securltles 1/
Public
debt
Total
Interest
bearing
securities
Public debt
Marketable issues
Total
public
debt
Total
2/
2.200
2.270
2.329
1.187
1.569
1.711
2.25k
Bills
1950.
1951.
1952.
1953.
195k.
255,226
252,879
256,907
263,997
268,990
255,209
252,852
256,863
263 ,9k6
268,910
5,613
5,"k0
5,982
6,k32
6,300
5,613
5,7k0
5,981
6,k31
6,298
2 .3k2
2.3k2
1.956
1.981
2.051
2.207
2.0k3
1955
1956
1957
1958
271,785
269,956
268,592
274,798
271,7kl
268,486
27k, 698
6,388
6,952
7,328
7,2k8
6,367
6,950
7,325
7,2k5
2.351
2.576
2.730
2.638
2.351
2.576
2.730
2.638
2.079
2.427
2.707
2.5U6
1.539
2.654
3.197
1.033
1956-Deceober.
27k, 322
27k ,219
7,321
7,316
2.671
2.671
2.591
3.046
1957^1 uly
August. ...
September
270,700
272,126
272,802
270,595
272,018
272,688
7,klk
7,766
7,838
7,kll
7,763
7,835
2.7kl
2.857
2.876
2.742
2.857
2.877
2.725
2.922
2.951
3.259
3.klt0
272,508
273,235
272,977
272, k06
273,132
272,87k
7,869
7,896
7,878
7,866
7,89k
7,876
2.891
2.893
2.889
2.891
2.893
2.889
2.97k
2.975
2.965
March
272,877
273,061
271,051
272,777
272,959
270,948
7,796
7,580
7,382
7,793
7,577
7,379
2.860
2.778
2.725
2.860
2.778
2.725
April,
May...
June
273, 5k0
27k, 126
27k, 798
273,447
274,030
274,698
7,326
7,28k
7,2k8
7,323
7,282
7,245
2.679
2.658
2.638
2.679
2.658
2.638
October
November
December .
.
.
.
1958 -January...
February
.
.
269, Scj
2.200
2.270
2.329
2.k38
Source: Dally Treaeury statement.
Rote: The computed annual interest charge represents the amount of
Interest that would be paid If each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of Interest. The charge Is computed for each issue by applying the appropriate annual Interest
rate to the amount outstanding on that date. The aggregate charge
for all Interest-bearing Issues constitutes the total computed
annual Interest charge. The average annual Interest rate Is computed
Nonmar ItetTreasury able
Issues
bonds
2>38
.843
Certificates
1.163
1.875
1.875
2.319
1.928
Guaranteed
Special
issues
securities
1/
y
1.3kk
1.399
1.560
1.75k
1.838
2.322
2.327
2.317
2.3k2
2.1*40
2.480
2.569
2.623
2.659
2.720
2.751
2.589
2.606
2.675
2.7k6
2.671
2. 68U
2.585
2.705
2.635
2.630
2.590
2.606
2.611
2.622
2.656
2.578
2.575
2.5k7
3.330
1.846
2.075
2.504
2.806
2.576
2.789
2.824
2.853
2.892
2.928
2.337
2.k82
2.836
2.703
2.592
3 .5k0
3.3k5
3.650
3.659
2.501
2.705
2.828
2.482
2.482
2.482
2.856
2.859
2.861
2.636
2.635
2.637
2.610
2.607
2.606
3.661
3.639
3.510
3.663
3.663
3.699
2.822
2.870
2.866
2.k94
2.505
2.865
2.869
2.875
2.637
2.638
2.639
2.612
2.612
2.619
2.91k
2.778
2.688
3.192
2.652
1.988
3.699
3.k51
3.451
2.864
2.878
2.865
2.505
2.5k7
2.555
2.878
2.882
2.885
2.639
2.638
2.637
2.621
2.620
2.619
2.612
2.578
2.546
l.k38
1.182
3.k50
3.k50
2.822
2.820
1.033
3.330
2.806
2.555
2.555
2.576
2.888
2.890
2.892
2.637
2.635
2.630
2.613
2.615
2.622
1.173
2.625
3.3k5
2.1*85
2.1*82
2.1i9k
by dividing the computed annual Interest charge for the total, or
for any group of issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; see Tablp 2.
Included In debt outstanding at face amount, but discount value le
used In computing annual interest charge and annual interest rate.
The annual Interest charge and annual Interest rate on United
States savings bonds are computed on the basis of the rate to
maturity applied against the amount outstanding.
Treasury Bulletin
26
.DEBT
OUTSTANDHC
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies 1/
:
:
August 1958
27
STATUTORY DEBT LIMITATION
The Second Liberty Bond Aot, ae amended
(
31 U.9.C.
757 b), provides that the face amount of obligations Issued
under authority of that act, and the face amount of
obligations guaranteed ae to principal and Interest by
the United States (except guaranteed obligations held by
the Seoretary of the Treasury),
shall not exceed In the
aggregate $275 billion outstanding at any one time,
except that this amount was Increased by $6 billion beginning on August 28, 195^, an d ending on June 30, 1956,
by acts approved August 28, 195U-, and June 30, 1955;
by $3 billion beginning on July 1, 1956, and ending on
June 30, 1957, by an act approved July 9, 1956; and by
$5 billion beginning on February 26, 1958, and ending on
June 30, 1959, by an act approved February 26, 1958.
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are included In the statutory debt limitation at current
redemption values.
Table 1.- Status under Limitation, June 30, 1958
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation Imposed by the act
of June 26, 19U6 (31 U.S.C. 757 b) , as Increased temporarily by the act of February 26, 1958
_^
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
275 912
101
Guaranteed securities (excluding those held by the Treasury)
Total amount of securities outstanding subject to statutory debt limitation
276,013
Balance issuable under limitation
Source:
3
987
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1958
22
(In millions of dollars)
Class of security
Public deDt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness.
Treasury note s
Treasury bonds
Panama Canal bonds
Total marketable
Nonmarke table
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds, investment series
Total nonmarke table
Special issues to Government agencies and trust funds.
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series..
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest.
Total oubllc debt
Guaranteed securities:
Interest-bearing.
Matured
l/
Total guaranteed securities
Total public debt and guaranteed securities.
Subject to
statutory debt
limitation
22,ll06
32,920
20,Ul6
90,883
Not subject to
statutory debt
limitation
Total
outstanding
Treasury Hullctin
28
.DKBT OPERATIONS.
Table
1.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding June 30, 1958
(In millions of dollars)
August 1958
29
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding June 30, 1958 - (Continued)
9
U
7
)
9
5
.
Treasury Bulletin
30
.DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(
Dollar amounts In millions
Description of nsv Issue
Maturity
date
Number of
Amount of
bids
tendered
days to
maturity
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis l/
1,699.7
1,709.5
1,800.7
1,802.2
1,378.9
1,393.1
320.8
1,1198.6
302.1
268.7
1,800.1
1,699.8
1,699.7
1,700.8
In
exchange
Amount
maturing on
issue date
of new
offering
Total unmatured issues
outstanding
after new
issues
Regular weekly bill;
1958-Feb.
1958- May
May
May
May
6
Feb. 13
Feb. 20
F»b. 27
8
22
91
91
91
29
91
2,356.1
2,502 .it
2, 618.
2,597.3
Mar. 6
Mar. 13
Mar. 20
Mar. 27
June 5
June 12
June 19
June 26
91
2,19>t.7
91
2.M6.3
91
91
2,506.5
Apr. 3
Apr. 10
Apr. 17
Apr. 2U
July 3
July 10
July 17
July 2U
91
91
91
91
2.20U.6
2,272.0
2,727.5
May
May
May
May
May
1
July 31
8
Aug. 7
Aug. XU
Aug. 21
Aug. 28
91
91
91
91
91
2,801.5
2,653.3
Sept. It
Sept. 11
Sept. 18
aept.25
91
91
91
91
2,lllll.9
Oct. 2
Oct. 9
Oct. 16
Oct. 23
Oct. 30
91
91
91
91
91
15
22
29
June 5
June 12
June 19
June 26
,
July 3
July 10
July 17
July 2l*p
July 31p
15
2,1*79.7
2,5911.0
2_63u.lt
2, 501l.lt
2,383.7
Ro^ular weekly bills:
1,533.6
l,562.li
1,388.2
1,370.3
1,369.7
1,700.1
1,700.1
1,701.3
1,699.9
1.U07.1
1,370.8
1,392.0
1,701.7
1.M1.8
1,700.
1,700.0
1,800.8
1,800.2
1.U09.7
l.Uil.9
1,555.9
1,609.6
1,800.2
1,700.2
1,701.0
1,633.3
1A36.3
1,700.6
1,699.7
1,709.5
1,800.7
1,802.2
22,ltl5.7
22,ltl6.U
22, It 06.
22,li07.0
22,lt05.0
139.6
151.0
177.0
1,800.1
1,699.8
1,699.7
1,700.8
22,li05.0
22,U05.ll
22,lt06.7
22,lt06.3
239 ."t
20.3
30.3
29.7
23.2
1,700.1
1,700.1
1,701.3
1,699.9
1,701.7
22,ll06.0
22,ll03.9
22, ll OU.Ii
22,lt03.0
233.2
296.9
1, 700.lt
1.M5.5
281i.9
2,75't.O
1,700.3
1, Wilt.
255.6
28. It
12 It. It
lltO.U
22, It 15 .It
22,U15.7
22, It I6.3
22,Ullt.6
22.U06.1
On competitive bids accepted
High
Price per hundred
(Percent)
Equivalent rate 2/
Price per hundred
(Percent)
1.351
1.532
1.188
99.670
99.660
99.671
99.70U
Apr. 3
Apr. 10
Apr. 17
Apr. 2>t
99.710
99.729
99.690
99.733
1.H8
99.725
1.07>t
99.7ltO
1.226
1.055
May
May
May
May
May
99.655
99.700
99-719
99.765
99.8U0
1.366
1.187
1.112
June 5
June 12
June 19
June 26
July
July
July
July
July
3
10
17
99.76I1
.93"i
99.713
99.750
99.751
1.136
31p
137.9
110.8
22.9
131.3
220.ll
99.658
99.613
99-661
99.700
2Up
289.9
290.7
288.1
2Wt.8
190.6
1,1167.0
l,li02.2
Mar. 6
Mar. 13
Mar. 20
Mar. 27
1
1,700.3
1,699.9
1,700.6
1,701.6
1, it 79. it
99.600
99.563
99.562
99.696
8
51.0
25.1
•9.5
30.8
l,lt32.8
1958-Feb. 6
Feb. 13
Feb. 20
Feb. 27
15
22
29
22,518.0
22,518.2
22, It 15.
22, It 15.0
22.U15.7
263.7
293.1
330.5
307.9
l,700.1t
-
22, 516. It
1,800.6
59.0
39.0
1,699.8
1,700.1
1,699.2
Equivalent average
rate 2/
22,506.7
22,516.1
1,800.11
1,800.0
1,802.6
1,700.1
1,700.2
2,1*71.0
1A39.9
1, 700.lt
1,700.1
67.8
2,329.3
2,320.9
2,652.3
2,593 A
1,1163 .1
89.9
29.5
10U.9
23.6
237.7
311.6
329.3
331.1
166.9
237.1
261.2
267.6
2, It 50.0
2, It 71.8
On total bids accepted
Average price
per hundred
3l6.li
Equivalent rate 2/
(Percent)
1.1*8
1.503
I.65U
1.183
99.573
99.558
99.560
99.690
1.305
1.3*5
1.302
1.171
99.6U6
99.609
99.657
99.696
l.ltOO
1.5<t7
1.088
1.029
1.072
1.013
99.696
99.720
99.688
99.729
1.203
1.108
99.729
99.7Wt 57
1.302
1.175
1.068
.910
.585
99.652
99.699
99.715
99.761
99.830
1.377
1.191
1.127
.930
.635
99.671 6/
99.703 2/
99.730
99.770
99.852
99.817
99.787
99.759
.723
99.8I1O
.8I1I
.752
.862
.969
1.006
.633
.779
.593
.953
99.810
99.782
99.755
99.7!t6
99.803 8/
99.850
99.759
99.7"t3
1.017
99.806
.768
.732
.819
99.800
99.7W3
99.706
.791
.997
I.163
1.005
1.005
1.583
1.730
1.732
1.202
1.3"l2
.953
.988
.98U
Source: Bureau of the Public Debt. Preliminary figures are from
subscription and allotment reports; final figures are on
"clearance" basis In dally Treasury statement.
\J Tenders for $200,000 or less from any one bidder are accepted
in full at average price on accepted competitive bids.
2/ Bank discount basis.
3/ Except $100,000 at 99.68U
k/ Except $1,000,000 at 99.760, and $550,000 at 99.750.
5/ Except $300,000 at 99.752.
99 .63U
99.620
99.582
99.701
y
,
y
99.815
99.793
99.72U 2/
99.757 10/
99.767
6/
2/
8/
2/
10/
p
1.092
.961
.922
99.7lt6
99.7li6
I.689
1.7li9
1.7"tl
1.226
1.357
1.203
I.23I1
1.072
-9li5
.673
Except $200,000 at 99.750, and $200,000 at 99.722.
Except $100,000 at 99.709.
Except $2,000,000 at 99.820, $20,000 at 99.817, and
$2,370,000 at 99.810.
Except $550,000 at 99.800, $1,000,000 at 99.770, $215,000 at
99.765, $1,000,000 at 99.750, and $lt00,000 at 99.7I3.
Except $100,000 at 99.793, and $300,000 at 99.765.
Preliminary
August 195H
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar anounte In millions)
Description of Issue
1953 -Apr. 23.
May
May
May
Number of
days to
maturity
Maturity
date
Issue
date
7.
21,
28.
1953 -July
23
Aug.
Aug.
Aug.
20
27
6
June 3
June b
June 11.
June 18.
June 25.
Sept.
Sept.
Sept.
Sept.
Sept.
2b
July 2.
July 9.
July 16.
Oct.
Oct.
Oct.
15
Sept .10.
Dec.
10
195l»-Mar. 22.
195k -June
2U
Apr. 27.
June
l6
1955 -July 7.
July lb.
July 21,
July 28.
1955-Oct.
Oct.
Oct.
Oct.
Aug. b.
Aug. 11.
Aug. 18.
Aug. 25.
Hot.
Hot .
Hot.
Hot.
Sept. 1.
Sept. 8.
Dec
Dec.
Dec.
Dec.
Dec.
22
29
Sept.l").
Sept .22.
Sept .29.
18
3
10
17
1
8
6
13
20
27
3
10
17
25
1
8
15
Dec. 15.
1956-Mar.
23
1956-Oct. 17.
1957 -Jan.
16
Hot. 16.
Feb.
15
Dec. 17.
Mar.
22
1957-Jnn. 16.
Jan. 31.
June
May
2b
Feb.
Feb.
Feb.
Feb.
Feb.
9
16
2b
21.
28.
May
May
June
May
May
Mar. 7.
Mar. Ik.
June
June
May
7.
lb.
15.
27.
2
2
3
31
6
13
Sept. 23
2b
3.
1958 -Mar.
Aug. 21.
Apr.
15
Dec. 19.,
Dae. 26.
Mar.
Mar.
20
27
July
1958-Jan. 2.
Jan. 9.
Jan. 16.
Jan. 23.
Mar. 13.
Apr.
Hew money raised from
Amount
of bids
tendered
Amount
of blda
accepted
Average rate
on blda
accepted 1/
Increase In regular weekly bills,
or decrease ( -)
Tax anticipation bills
-
Other
bills
32
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dot*
subscription
books were
opened
Date
of
Issue
Amount of
subscriptions
tendered
Description of security
Maturity
2-lA*
"•AM
Certificate
2-1/2* Bond
1-1/2* Bote
5/20/53
5/1/53
6/1/53
3-1 A* Bond
2-5/8* Certificate
7/6/53
7/15/53
2/15/53
2/15/53
2/2/53
y
*A3/53
-
2/15/5* -A
12/15/58 3/
1 T»
5 yr
">/l/58-EA
5 TT
6/15/78-63
30 yr
1 tt
-
6/lM-B
3/22M<
8/15/53
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* note
1-1/2* Hote
10/28/53
11/9/53
2 -3 A* Bond
9/15/61
7 yr
H/18/53
12/1/53
2/15/53
1-7/8* Bote
2-1/2* Bond
12/15M-B
1 yr
i
yr
10
AM
2/15M
2/15M
y
5AM
1-5/8* Certificate
2-1/2* Bond
1-1/2* lote
5/17M
1-7/8* Bote
*AM
5/5M
5/17M
7/21M
8/2/5*
M
8/15M
8/15M
9/23M
10AM
8/3
it/
12/15M
12/15M
11/22/5*
5/3/55
5/17/55
2*
7/8/55
7/18/55
1-7/8* Certificate
1-1/2* Rote
2/15/55
3*
8/1/55
2*
5/17/55
2*
7/20/55
10/3/55
lO/u/55
3/5/56
Certificate (tax ant. 22/)
Rote
2-lA* Certificate
-
2,205
2,897
3,886
3,73 k
9,250
yr
yr
7,007
11,177
119
3,55fl
3,558
3,8o6
3
8,190
7i
3,806
"•,155
10/l/59-»
5 yr
99
99
8/15/55-D 11/
12/15/55-K
8/15/63
1 jr
*,919
5,359
6,755
*,919
5,359
6.755
8,"i72
8,*72
3,792
1,92*
1
yr
Syr
1 yr
2 yr
*0 yr
*/l/60-KA
5 yr
8/15/56-B 11/
1 yr
3/22 /56-A
2/15/95 12/
In
m
6
1 yr
7.938
3
m
3,989
8
m
10,620
3,210
198
3,17*
198
2,532
,17*
2,202
821
1,720
10^ m
1,*86
1,*86
*
6,8*1
6,8*1
3
8
6/22/56-C
3,792
1,92*
si-
*0 jr
6/22/56-B
8/15/56-B 11/
8
8,778
2,970
5 yr
276
278
12/1/55
2-5/8* Certificate
-
12 A/56 -D
1 yr
9,083
9,083
1
12/1/55
2-7/8* Bote
2-5/8* Certificate
2-7/8* Rote
6/15/58-A 217
2 jr
6
2,283
2,283
-
2/15/57-A
6/15/58-A 2*/
lli
2 yr
7,219
2,109
7,219
2,109
*/l/6l-KA
5 yr
1**
Ikk
1 yr
12,056
12,056
10/1/56
Rote
8/1/57-D
2 -3 A* Certificate
3/22/57-B
(tax ant. 25/)
10/1/61-BO
1-1/2* Rote
12/1/56
3-1 A* Certificate
r
3/5/56
12/1/55
7/16/56
8/15/56
7/16/56
8/6/56
!•/
f
1-1/2* Rote
2-3A*
-
1 12/1/56
(tax ant. 2j/)
3-1 A* Certificate -
[2/15/57
1 2/15/57
3-3/8* Certificate
3-1/2* Rote
-
3-3/8* Certificate
3-1/2* Rote
-
11/19/56
fa/15/57
12/15/57
i/
5/6/57
-
(tax ant. jo/)
Bond
2
7.007
11,177
119
2,897
3.886
7i
1
8,175
1,7*8
9,750
1 yr
6yr
8,175
1,7*8
10/1/55
1./1/56
3/18/57
» yr
2,239
12. 5*3
f
1
2A/57
1./1/59-BA
2/15/59-A
10
(tax ant. 22/)
lO/l/60-EO
1-1/2* Rote
k/
11/28/55
Rote
5
1 »r
7 yr
5 yr
6/22 /55-y
*A/55
7/11/55
*,72*
2,997
121
yr
5 yr
3
1-3/8* Certificate (tax ant. 16/)
3/22/55
k/1/55
2,788
3/15/56-A
8/15/57-C
2/15/95 157
2/1/55
5,902
*,72*
2,997
121
1-5/8* Rote
Rote
2*
Bond
3*
2/15/55
2/15/55
2/15/55
f
-
*18 57
*,858
2,788
u/15/61
-
383
1,188
1 yr
8/15/55-D 11/
11/15/60
5/15/57-B
1-1/2* Rote
Ul8 5/
1 yr
1-1/8* Certificate
2-1/8* Bond
1-5/8* Hote
1-1/8* Certificate
1-1A* Certificate
2-1/2* Bond
5,250
8,11*
620
8/15M-D
5/17/55-B
3/22/55-0
10/1/5*
In exchange
for other
securities 2/
9/15/5* -E
3/15/57-A
IO/I/58-BD
1-1/8* Certificate Certificate 1*
(tax ant. 1±/)
8/15M
m
8,687
12/15/58 37
2/15/55-A
-
1*
>>,858
8/5/53
2
For
caeh 1/
383
25 yr
1*
9/2/53
y
Exchange
(In millions of dollars)
8,11k
620
m
10
2-1/2* Certificate (tax ant. 2/)
2-5/8* Certificate -
Cash 1/
Amount Issued
(
1
5/15/60-Af
*/l/57
1-1/2*
*/l/62-EA
5/1/57
5/1/57
3-1/2* Certificate
3-5/8* Rote
U/15/58-B
2/15/62 -A
Footnotes at end of table.
10,613
«ii
10
10/1/57-D
2/1U/58-A
5/15/60-A
1
5 yr
6/2*/57-C
2/l.'/?8-Ai
6
8/
Sfi/
28/
jlyr
J3yr
flyr
7^89
J3yr
5,868
5 yr
11*
*yr
(Continued on following page)
3,221
332
332
1,332
1,312
7,271
7,271
8,*1*
1,*6*
8,*1*
1,*6*
2,*37
9*5
551
551
2,351
6*7
2,351
6*7
August i958
33
.DKBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness -(Cont tnued)
Period to
Date
Amount of
subscriptions
tendered
-
Date
subscription
books were
opened
Description of security
of
Issue
Maturity
Cash 1/
Amount Issued
For
cash 1/
Exchange
I* exchange
for other
securities 2/
Allotment
ratio
(In millions of dollars)
8/1/57
8/1/57
8/1/57
f
7/22/57
.
y
11/20/57
-
Certificate
Sote
Bond
-
8/1/57
9/26/57
l»*
[10/1/57
1**
f
9/16/57
3-5/8* Certificate
•»••
Certificate
1**
Note
10/1/57
fll/29/57
12/2/57
(_
l»*
-
8/1/58-c
8/15/62 -b
10/1/69
1-1/2* Hote
10/1/62 -K0
A* Note
3-7/8* Bond
U/I5/62-C
3 -3
11/15
11/21/57
12/1/57
3-3A* Certificate
-
2/IU/58
2/U./58
2/1U/58
2-1/2* Certificate
Bond
3*
3-1/2* Bond
-
2/3/58
2/28/58
3*
2/28/58
12/1/57-E
8/1/58-c
8/1/61-A
22/
22/
yr
yr
100
100
1
yr
3,067
6,121
U.648
1
yr
12 yr
1*
5 yr
1*
yr
16 yr
llii
llji
9,871
10,1*87
933
}
2,000
657
26/
xu
65U
1
yr
9,770
3,85k
1,727
9,770
2/15/90
6 yr
32 yr
8/15/66
8 yr
5 yr
k/7/53
yr
10m
6/3/58
6/3/58
3-l/U* Bond
5/15/85
26 yr
11m
6A/58
/6/15/58
(6/15/58
1-l/U* Certificate
2-5/8* Bond
6 yr
11m
8m
7/21/58
8/1/58
7/29/58
8/6/58
5/15/59-B
2/15/65
1-5/8* Certificate
-
8/1/59 -c
1-1/2* Certificate
(tax ant. jtl/)
-
3/2fc/59-D
1*
3,851.
1,727
38/
100
189
15,7»1
2,570p
3,971
32/
1.135P
uo/
1.817P
7,388p
I,8l7p
7,388p
13,501p
13,501p
1 yr
Preliminary figures are from subSouroet Bureau of the Public Debt.
scription and allotment reports; final flgurea are on "clearance"
basis In dally Treasury statement.
Consists of all public cash subscriptions and subscriptions by
1/
United States Government Investment accounts.
2/ For maturing securities exchanged for the new issues, see Table 6.
2/ The 2-1/2* bonds dated February 15, 1953, vere reopened with all
the bonds of the series identical in all respects, as an exchange
offering for the 2-1/8* notes which matured December 1, 1953.
Total exchanges in the two offerings amounted to $2,368 million.
kj Exchange offering available to owners of nonaarketable 2-3/a*
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further Information on the original offering see "Treaaury
Bulletin" for April 1951, page A-l. Amounts shown are as of
July 31, 1958.
The bond offering wna made available for exchange of Series F and G
5_/
savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on cash subscriptions were limited to approximately
$1,000 million. lonbank subscriptions in amounts up to and including
$5 f 000 were allotted in full. All other subscriptions wsre allotted
20 percent. Commercial banks' subscriptions wsre restricted to an
amount not exceeding 5 percent of their time deposits aa of
December Jl, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government Investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonds allotted could be made with accrued Interest st any time not
later than July 31, 1953.
1/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of income and profits taxes
due March 15, 1951*,
8/ Subscriptions for amounts up to and including $100,000 were allotted
in full. Subscriptions for amounts over $100,000 were allotted 67
percent but In nc case lees than $100,000.
Subscriptions for amounts up to and including $10,000 were allotted
9_/
Subscriptions from mutual savings banks, insurance companIn full.
ies pension and retirement funds and state and local governments
were allotted 21* percent. All others. Including commercial banks,
were allotted 16 percent but not lees than $10,000 on any one
subscription.
10/ Subscriptions for amounts up to and including $10,000 were allotted
In full.
All other subscriptions were allotted 22 percent but In no
case less than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 1955.
12/ Subscriptions for amounts up to and Including $50,000 were allotted
In full.
Subscriptions for amounts over $50,000 were allotted
100
1,1.81.
6,715
5jm
5,962p
8m
3Jt/
100
1, ll»3
7,786
3,817
100 22/
35/
590
9,833
2/1U/59-A
1
2,509
9,833
k/l/63-EA
2/15/63 -A
,
100
100
100
yr
1-1/2* Note
2-5/8* Note
-
2,509
590
U/l/58
U/15/58
it/
9,871
10,lt87
1*
1
12/1/58-D
2/15M
Bond
JO/
2i/
100
.
100
100
U2/
3,567p
1.0 percent but in no case leas than $50,000.
The 1-1/8* certificates dated August 15, 195k. were reopened with
all the certificates of the series Identical In all respects, as an
exchange offering for the 1-7/8* notes which matured December 15.
1951*, the 2* bonds which matured December 15, 195 *. and the 2* bonde
which were called for redemption on December 15, 195k, Total exchanges in the two offerings amounted to $6,1*77 million.
11*/
Subscriptions for amounts up to and Including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less. than $50,000.
15/ The 3* bonds dated February 15, 1955, were reopened with all the bonds
of the series identical in all reapecte, as an additional cash offering
on July 11, 1955, for payment July 20, 1955. The total amount Issued
in the two operations was $2,71*5 million.
16/ Also designated tax anticipation certificates acceptable at par plus
accrued Interest to maturity In payment of Income and profits taxee
due June 15, 1955.
17/ The 2* notes dated May 17, 1955, were reopened with all the notes of
the series Identical In all respects, as an exchange offering for the
1-1/8* certificates maturing August 15, 1955- Total exchanges In ths
two offerings amounted to $10,015 million.
18/ Cash subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 62 percent but In no
case leas than $100,000.
19/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of Income and profits taxes
due March 15, 1956.
22/ Subscriptions for $100,000 or less wsre allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no oase
less than $100,000.
21/ Subscriptions from esvlngs-type Investors totaled $7k9 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
Subecrlptlona for more
for $25,000 or lees were allotted In full.
than $25,000 were allotted not leae than $25,000. In addition to the
amount allotted to the publlo, $25 million of the bonds wsre allotted
Savings-type investors wsre given
to Government Investment accounts.
the privilege of deferring payment for the bonds, provided that not
less than 25 percent of the bonde allotted were paid for by July 20.
1955 not lesa than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plua
accrued interest to maturity in payment of Income and profits taxes
due June 15, 1956.
23/ Subscriptions for $100,000 or lees were allotted in full. Subscriptions for more than $100,000 were ellotted 32 psroent but in no esse
less than $100,000.
Remaining footnotes on following page.
12/
1
.
Treasury Bulletin
3*
.DEBT OPERATIONS.
Footnotes to Table 4
2h/
The 2-7/8% notes dated December 1, 1955, "ere reopened with all the
notes of the series identical in all respects, eg a partial exchange
offering for the 1-5/8% notes maturing March 15, 1956. Total exchanges in the two offerings amounted to $k,392 million.
25/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15, 1957.
26/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
lees than $100,000.
27/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1957.
28/ The 3-3/8% certificates dated February 15, 1957, and the 3-l/2% notes
dated February 15, 1957, were reopened with all the certificates and
notes of each series identical in all respects, as an additional cash
offering on March 18, 1957, for payment March 28, 1957. Total issues
in "he two offerings amounted to $10,851 million for the certificates
and $2,Uo6 million for the notes.
29/ Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
more than $100,000 were allotted not leas than $100,000. In addition
to the amount allotted to the public, $100 million of the notes were
allotted to Government investment accounts.
30/ The U% certificates dated August 1, 1957, were reopened with all the
certificates of the aeries identical in all respects, as an additional
cash offering on September 16, 1957, for payment September 26, 1957.
The total amount issued in the two operations was $11,519 million.
jl/ Redeemable at th» option of the holder on August 1, 1959, on three
months* advance notice.
32/ In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government inveslanent accounts.
33/ Redeemable at the option of the holder on February 15, 19^0, on three
months' advance notice.
3**/
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or lesB for both issues were allotted in full, and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amounts allotted to the public, $100 million of each issue
were allotted to Government investment accounts.
j^J
36/
£7_/
38/
39/
kp/
UjJ
U2/
p
-
(Continued)
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
less than $50,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts. Payment for not mere than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to 3avings-type
Investors and 12 percent to ell other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount ellotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 2*» percent but in no case
less than $25,000. In addition to the amount allotted to the pabllc,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $5,000 or lees were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type Investors, **0 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less then $5,000.
In addition to the amount allotted to the public, $100 million of the
bonds were ellotted to Government investment accounts.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and. profits taxes
due March 15, 1959.
Subscriptions for $100,000 or less were allotted In full. Subscriptions
for more than $100,000 were allotted 59 percent but in no case less than
$100,000.
Preliminary.
August 195H
35
.DKBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/
(Id millions of dollar*)
Iasue
36
August
WH
37
.
DEBT OPERATIONS
Table 0.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Treasury Bulletin
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness 1!*/- (Continued)
Date of
39
August 195H
.DEBT OPERATIONS.
Table 6.
Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness &/- (Continued)
Treasury Bulletin
UO
.UNITED STATES SAVINGS BONDS.
United States eavlnge bonds were first offered In
March 1935 and began to mature In March I9M5. Series A-D
were sold between March 1935 and the end of April I9U1,
and Series E, F, and (J were first offered In May 19*+1.
When Series E began to mature on May 1, 195 1 owners of
To redeem
the matured bonds were offered three options:
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of interest accrual; or to exchange thera
bonds.
A number of changes beoarae effective
for Series
The rate of
May 1, 1952.
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.
Details
of these changes appear In the May 1952 Bulletin, page A-l.
Series F and (J began to mature on May 1, 1953- For the
exchange offering made to holders of these bonds maturing
through December 31, 1953, see the May *953 Issue, page A-l.
Sales of Series J and K were discontinued after April 30,1957.
An increase In Interest rates on Series Eand H was announced
on April 20,1957, retroactive to February 1. Details of the
changes appear In the May 1957 Bulletin, page A-l.
In
the tables which follow, Seri.ee A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
Series 0, H, and K are
included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions Matured
F and G bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
at current redemption values.
.
matured, when they are transferred to matured debt upon
.fhlch Interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1058
(Dollar amounts In millions)
August 195H
«u
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K
(In mllllonB of dollara)
Accrued
discount
Redemptions
Sales plus
accrued
discount
Sales
price
5./
Amount outstanding
j*/
6/
Accrued
discount 6/
Interest -bearing
debt
Series E and H combined
Fiscal years:
19H-1950.
1951
1952
58,697
3,272
3,296
1953
i*,o6i
195>> 1/...
1955 l/. .
1956
1957
1958
*>,653
3,669
1,035
1,111
1,120
1,126
62,366
•,307
27,872
li,lt07
i*,008
5,181
5,779
I*,
1,123
6,31*8
i*,5W*
1,11*1
6,37k
it,
1,133
1,161
5,71*6
5,831
5,187
U.1.72
"t,173
6U, 503
U,270
30,009
I*, 036
29,177
3,688
3,622
3,625
3,909
5,01*3
1,080
1,120
1,128
1,126
1,113
1,12k
"•,507
1,11*3
1*00
392
362
337
5,225
5,260
U,6l3
It, 670
I*
»•
,295
038
,3«i5
730
5,176
27,182
3,987
3,583
3,538
3,791
3,909
U,072
690
307
U25
500
i*,l»6o
716
715
U2,ll*2
832
3**, 1*93
55**
636
658
3 It, U91*
31*,
506
3*t, 905
36,01.8
37,*t82
39,285
1*0,929
1>1, U9&
Calendar yearB
I9UI-1950.
1951
1952
1953
60,330
3,190
3,575
U,368
•,889
5,368
195>*
1955
1956
1957
Months
1957-July
August . . .
September
October. .
November
December .
.
1958 -January...
February.
727
31.8
3**,
U76
531
535
35, 32"*
5,1*96
11,098
!*,157
6,015
it.ltitlt
6,1.81
l*,652
3,91*9
702
1*0,063
6,167
11,832
U,l6U
668
5,61*9
5,1.69
"1,697
772
1*1,398
1*1,578
115
515
1.12
60
68
1*1,1*85
1*79
UI19
529
It
79
U69
87
87
1.51.
398
56
1*1,1*80
it
368
lilt
1.82
1*10
307
355
69
71
55
1*1,1*60
1*25
U38
378
369
33 1*
81
91
510
116
87
626
292
333
55
87
1*1,686
1*1,801
1*1,911
351*
14,691.
18
March
1*18
506
518
379
396
April.
May...
June.
398
368
376
U8f.
1*12
91
1*59
383
116
1*92
1.11
1*07
U9I1
Series F, C, J, and K combined 3V
1*63
63
36,663
38,233
1.1, 1*81*
1*1,506
1*1,578
Matured debt
:
.
. .
.
.
.
Treasury Bulletin
U2
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(In millions of dollars)
Accrued
discount
Redemptions 2/ k/
Sales plus
accrued
discount
Sales
price
5_/
6/
Accrued
discount 6/
Amount outstanding (interestbearing debt)
Fiscal years:
19U1-1950
1951
58,697
3,872
3,266
3,700
3,988
•,095
1952
1953
195k
1955
1956
3,669
1,035
1,111
1,120
1,126
1,123
,219
1,UU
3,919
3,889
1,133
1,161
1951
1952
1953
60,330
3,190
3,393
3,906
195"*
U, 023
1955
1956
1957
k,192
k.lk2
3,875
k,173
1,080
1,120
1,128
1,126
1,113
1,12k
l,lk3
it
1957
1958
62,366
k,307
k,377
k,821
5,11k
5,218
5,333
5,052
5,0k9
27,872
k,295
k,008
k,032
k,319
k,k90
k,622
k,98l
k,951
27,182
3,987
3,583
3,532
3,765
3,85k
3,96k
k,265
k,236
690
307
k25
500
55k
636
658
716
715
3k,k9k
3k, 506
3k, 875
35,66k
36,k58
37,186
37,898
37,969
38,067
6k, 503
30,009
k,036
k,098
k,lkl
k,ko6
k,572
k,689
5,220
29,177
3,688
3,622
3,609
3,871
3,870
k,021
k,kk9
832
3k8
k76
531
535
702
668
772
3k,k93
3k, 727
35,lk3
36,036
36,778
37,510
38,087
37,885
506
k58
k29
kk6
391
60
68
373
56
37,910
37,88k
37,863
379
k29
kl6
356
388
3k7
285
69
71
333
55
521
k22
k2k
k97
36k
377
kk3
55
276
87
315
63
38,01k
klO
390
kl3
397
368
395
339
335
353
58
38,027
38,Ok9
38,067
Calendar years:
191,1-1950
k,270
k,513
5,03k
5,lk9
5,30k
5,266
5,018
Months
1957-July
August . .
September
October.
November
December
1958-January
February.
March. . .
.
April.
May
June
. .
332
3">5
115
87
kk7
k32
321
87
ko8
292
288
315
81
91
373
Ilk
1*03
116
335
336
87
88
322
299
297
88
91
116
Series
Fiscal years:
30
36O
665
1,130
l,0kl
69k
1952.
1953.
195k.
1955.
1956.
1957.
1958.
.
782
lendar years:
182
1952
1953
195k
1955
1956
1957
k62
866
1,177
901
631
Months:
1957^July
August ....
September.
October. .
November
December.
.
1958-January
February
March
.
68
k7
kl
kk
k6
53
105
72
82
April.
May...
76
69
June
79
.
30
H§7
33
k2
37,820
37,8k3
37,885
37,909
37,967
Auqust
/95(S
*3
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured bonds
Period
9_/
Total
matured 6/
Series
A-D
For
cash
Unmatured bonds
In exchange
for Series G
and K
Series
F and G
5/6/
Fiscal years:
1951
1952
1953
195k
1955
1956
1957
1958
Calendar years:
1950
1951
1952
1953
195k
1955
1956
1957
6,137
5,109
5,621
6,515
7,251
7.8U6
8,958
S,5kk
817
792
1,761
2,7k7
3,9kl
k,263
k,115
3,730
779
90
31
18
5,8kO
5,651
5,07k
987
772
1,015
6,ll»9
2,318
3,171
987
518
k7
2k
6,985
7,301
8,26U
9,630
Ik
11
9
6
38
691*
1,126
l,k86
1,825
1,917
1,971
1,906
2k9
962
Ik
25k
968
1,328
1,500
k ,230
13
2,01(7
k,2k6
k,156
10
1,891
2,08k
8
37
702
1,128
l,k87
1,826
1,917
1,971
1,906
1,326
1.U99
2,Ok7
1,891
2,08k
Months:
1957^uU
,
August
September,
October. .
November .
December
.
890
750
713
729
691.
813
1.26
291
229
162
180
lk7
180
lk7
261
291
296
182
187
lkk
lkk
lk5
2k 1
169
152
86
110
1958-January .
February..
March
998
590
600
378
358
lk5
2k 1
169
April
May
June
605
51
?
610
29k
189
220
152
86
110
.
162
1496
182
187
Total
unmatured
-
SsleB
price 5/
Accrued
discount
.
.
.
.
.
,
Ufc
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and H
U Combined
(In thousands of pieces)
Total all
denominations
1941-50.
1951....
1952....
1,306,929
64,299
$10 2/
21,07''
1
7">,136
80,1.85
1953 ....
6/.
$25
896,376
"H.751
50,701
5"»,380
195".
85, "U9
56,903
1955 6/.
1956....
1957....
1958p...
85,3">2
90,053
90,160
55,164
56,719
56,327
89,1126
5""
Calendar years:
1941-50
1951
1952
,910
1,338, 051*
21,075
916,194
68,069
77,271
1
1.5,661
$50
$100
$200 1/
$500
$1,000
20,015
1,036
948
20,038
1,290
1,076
1
1,462
1,708
33
148,245
7,649
7,559
8,211
8,810
4,760
11,786
13,129
14,372
15,686
79".
1,243
854
1,411
16,374
18,784
20,256
21,043
9,315
10,090
9,969
9,821
884
929
851
892
1,578
1,608
1,320
1,302
152,161
7,430
7,721
8,606
9,006
,167
738
726
843
862
20,560
951
1,042
9,7".8
10,177
9,846
196,".20
786
720
$5,000
16
1,91.5
56
1,854
1.396
1,411
48
29
3".
1953
811,390
195"»
84,972
52,808
56,7*3
55,850
202,214
12,148
13,773
15,235
15,912
1955
1956
1957 P
Months:
1957-July
August
September p.
October p. .
November p...
December p...
87,316
90,786
90,852
55,618
56,635
56,361
17,323
19,825
21,166
7,532
7,801
7,693
"•,673
"•,530
".,718
1,707
2,107
1,864
835
839
817
99
103
7,266
7,o6o
7,534
".,519
1,739
1,639
1,733
764
772
65
58
90
91
88
".,702
819
70
103
104
1958-January p....
February p...
March p
8,652
7,102
7,535
5,3">0
".,327
".,630
1,927
1,636
1,738
965
800
838
86
70
70
148
120
118
180
5
144
3
136
3
7,307
6,983
6,961
4,497
1,678
1,618
1,657
824
770
778
68
67
64
111
100
97
124
109
109
3
".,315
".,250
3
1,323,230
327,851
219,672
11,470
30,461
32,180
215
5,685
1,472
1,291
1,106
1,109
,
April p
May p
June p
Inception to date p.
1,966,249
I.,
21,076
409
Redemptions
Fiscal years:
1941-50
1951
1952
807,663
82,875
22
44
916
908
887
1,648
1,500
1,255
1,980
1,683
1,303
40
25
72
117
111
96
125
112
94
2
2
l,3"i2
6/....
90,387
62 ,941
110,950
14,134
12,662
13,535
15,084
1955 §/....
1956
1957
89,749
89,953
93,175
349
429
321
61,049
60,014
60,612
15,650
16,503
18,165
849,594
77,202
80,420
85,582
16,496
549
375
282
118,105
13, 000
92,3">0
277
632,888
51,552
55,000
59,519
63,850
14,191
15,643
67,096
9,079
8,991
9,038
9,858
88,700
90,109
95,791
424
371
59,640
59,520
61,192
15,887
17,036
19,670
9,842
9,986
10,962
5,704
5,693
5,144
2,390
1,049
934
921
64
56
873
717
812
55
44
49
111
91
n.a.
n.a.
n.a.
n.a.
n.a.
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
,853
".,558
15,893
"1,. />"',
1953
'.
605,106
54,840
51,649
56,734
62,111
9,911
8,777
8,840
9,480
1,128
466
371
342
357
6,570
9,91".
9,925
10,590
396
537
633
1,210
1,255
1,354
1,358
420
356
7,245
1,244
1,191
1,115
1,192
454
1,351
1,211
1,112
1,151
^r.dar years:
1941-50
1951
1952
1953
1954
1955
1956
1957 P
Months:
1957-July
August
September
281
26
13 ,285
p.
9,527
8,818
8,014
21
October p
November p..
December p.
7,502
6,372
7,317
21
4,120
4,740
n.a.
n.a.
n.a.
n.a.
n.a
n.a.
n.a.
n.a,
n.a.
n.a,
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1, ".59, 738
19,055
1,043,160
226,817
1958-January
February.
March
n.a.
.
.
April.
May
June
.
.
.
.
Inception to date p 8/
23
19
15
".,813
1,862
1,620
1,506
1,286
1,1*70
13".
86
7_/
16,112
701
443
313
263
195"<
Cfl
1,470
20,684
1,139
1,191
1,590
1,809
3"i7
373
581
668
57
1,225
1,267
1,414
137
117
119
104
56
3
2
2
2
4
$10,000 4/ 5/
Auqust 195H
*5
.UNITED STATES SAVINGS BONDS.
Table 6.- Sales by States, Series E and H
(In thousands of dollars at Issue price)
i/
Combined
Treasury Bulletin
U6
-OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollara)
August 1958
*7
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par valuee l/ In billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
1939-December
Government
Investment
accounts {+/
•jj
Savings
bonds
Insurance
companies
Mutual
savings
banks
State end
Corpora - local
tlone 6/ governnts ll
15.9
6.5
22.7
1.9
8.2
6.3
3.1
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.k
21. e
19.7
8.5
9.5
11.2
13.6
3.6
5.k
7.6
8.2
7.1
8.2
3.k
3.7
2.0
k.O
.6
21.ll
2.2
2.3
25.0
23-7
77.0
112.5
28.7
26.0
2.6
1*1.1
6.2
10.6
12.2
37.7
53.0
17.8
1.7.3
23.7
9.1
13.*
8.7
10.3
9.2
11.3
3.9
k.5
k.9
10.1
11*0.8
59. "•
71.5
52.2
59-9
7.2
11.5
Ik. 3
67.0
81.7
30.9
37.6
19.2
2k .7
11.7
12.9
13.1
15.1
5-3
12.9
1.5
6.1
16.
2.1
202.6
232.1
83.3
96.5
68.it
Ik .9
19.1
18.8
21.7
100.2
llk.O
ko.l
77.7
7.3
8.3
20.2
21.k
3.2
k.3
259.1
278.7
106.0
115.0
8k .2
21.8
2k .9
128.2
59.1
90.8
2k. 3
27.0
136.6
6k.
279.
93.8
74.5
28.0
29.1
30.9
135.1
132.6
130.7
63.3
.
22.9
23.8
23.3
6k.
269.9
259.5
116.7
108.2
97.9
91.9
91.3
70.0
68.7
21.9
22.6
32.8
3k .k
133.7
131.3
19kl-June
December.
55.3
6k.
19k2-June
December
19U3-June
December.
50.9
170.1
-June
December.
19!*5-June
. .
19k6-February 9_/.
June
December.
.
Individuals
16.1.
1*8.5
December.
Federal
Reserve
Banks
S.
18.6
19.5
19kO-June
December.
19l*li
Held by private nonbank Investors
U.
Commercial
banks
81*
.it
16.9
31.0
.k
.7
.9
1.0
31.2
36.2
Ik .9
17.3
17.1
19.6
k0.7
k2.9
18.5
21.2
22.7
2k.
9.6
10.7
23.3
22.2
5-3
6.5
6k .2
k3.3
k3.5
kk.2
20.8
19.9
20.1
2k .k
2k.
2k .9
11.1
11.5
11.8
19-9
17.8
15.3
6.7
6.5
6.3
66.6
65.7
k5.5
k6.2
21.1
2k.
19.
23.9
12.1
12.0
13.7
lk.l
7.1
7.3
53.3
December.
.
.
258.
257.0
19k8^June
December.
85.9
85.8
62.5
21.
23.3
35.
37.3
130.7
129.7
65.8
65.5
k7.1
k7.8
18.6
17.6
22.8
21.2
12.0
11.5
13.6
.
252.
252.9
6lt.6
.
Ik.
7.8
7.9
19k9-June
December.
252.8
257.2
82. U
19.3
18.9
38.3
39.k
132.2
132.1
66.6
66.3
17.
85.7
63.O
66.8
k8.8
. .
k9.3
17.0
20.5
20.1
11.6
11.
15.8
16.8
8.0
8.1
1950-June
December.
257 .k
256.7
83.9
82.6
65.6
61.8
18.3
135.6
13k .9
67 .k
66.3
k9.9
k9.6
17.6
16.7
19.8
18.7
18.
20.8
37.8
39.2
11.6
.
10.9
19.7
8.7
8.8
1951-June
December.
255.3
259.5
6l.it
58.lt
kl.o
k2.3
132-9
131.8
k9.1
k9.1
16.3
15.5
17.1
16.5
10.2
61.6
23.0
23.8
65
85.U
9.8
20.1
20.7
9.k
9.6
1952 -June
259.2
81*.
61.1
22.9
6k.
63
2k.
15.7
16.1
9.6
9.5
18.8
19.9
10.
88.1
kk.3
k5.9
130.8
267.1*
266.1
275.2
83.6
89.6
58.8
63.7
2k.
135.0
137.3
66.]
25.9
k7.6
k8.3
16.0
15.8
9.5
9.2
18.6
21.5
12.0
12.7
271.3
278.8
88.7
63.6
69.2
25.0
k9.3
6k.
2k.
1*9.
133.3
135.1
9.1
8.8
16.6
19.2
13.9
lk.k
271*. 1
87.8
87.1
85.9
86.8
6I1.2
23.6
23.6
23.8
2k .8
k9.k
50.5
51.2
51-7
136.9
136.7
IkO.k
lk2.3
65.O
65.6
19.3
18.5
20.3
Ik.
Ik.
Ik .9
lk2.6
138.5
138.9
138.5
67.7
67.7
68.0
50.3
50.2
67.3
50.1
17.2
lk0.7
lkl.7
139.7
67.3
67.6
68. k
k9.9
k9.7
k9.6
17 -k
139.2
139.6
136.2
68.2
67.9
67.8
k9.k
k9.3
k9.1
137.3
138.0
137.
67.9
68. U
68.5
137.3
137.6
136.
137.7
136.9
19<»7-Juno
December
1953 -June
December.
195k -June
December .
1955 -March
June
September.
December.
.
27k.
277.5
280.8
1956-March
June
September.
December.
276. 1*
1957-January. .
February .
March
April.
Kay
June.
.
63.5
62.1
62.0
23.6
23.8
23.7
2k
51.9
53-5
.2
58.3
57.1
57.6
59.3
276.3
276.
275.1
81.8
80.6
58.3
57.7
23
53-9
2?
5k.
81.3
58.1
23
5k .2
27*1.1
81.2
80.9
78.9
58.0
57.7
55.8
S3
23
23
5k.
56.8
56.6
23
55.2
23.5
23.3
55.8
58.3
272.8
27k .3
276.7
275.3
270.6
.
91*.
.It
81.9
80.8
81.3
81.
5k .2
5k.
53.7
55.6
July
August.
September.
272.6
27k.
27k. 5
80.2
80.1
81.6
Oc tober .
271* .2
81.lt
58.1
23.3
55.
27**.
81.9
83.3
58.2
59-1
23.7
55.3
55.2
58.6
59.3
59.3
23.3
23.2
23.6
55.
63.O
63.3
23.7
2k .2
55.2
55.8
.
.
.
November.
December.
1958 -January
.
275.0
27k .7
February .
March
27"* .8
272.7
81.9
82.5
82.9
April.
May p.
275.2
275.7
86.7
87.5
.
.
2k
.2
55
.k
55.1
Source: Office of the Secretary, Debt Analysis Staff.
1/ United States savings bonds, Series A-F and J, are Included at
current redemption value.
2/ Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
\j Conelsts of commercial banks, trust companies, and stock savings
banks In the United States and In Territories and island possessions. Figures exclude securities held in trust departments.
k/ HoldlngB by Federal land banks are included under "Miscellaneous
InveBtors" Instead of "U. S. Government investment accounts" after
June 26, 19k7, when the proprietary interest of the United States
in these banks ended.
Includes partnerships and personal trust accounts. Nonprofit
5_/
.k
6k.
k9.0
k9.2
15.7
k9.3
k9.k
16.9
k9.5
50.0
15.3
13.7
15.3
50.2
50.2
50.2
50.2
Ik.
15.
16.2
15.0
15.6
Ik.
8.8
8.7
8.7
8.5
23.0
15.1
O.k
17.3
17 .k
13.6
13.3
13.1
12.8
8.5
8.k
8.3
6.0
20.5
17.1
17.1
18.2
15.7
15.7
16.0
16.1
12.9
12.8
12.6
8.1
8.1
8.1
19.9
20.6
17.7
16.2
16.3
16.6
18.8
18.6
18.7
12.5
12.3
8.0
8.0
7.9
17.6
18.2
15 .k
16.8
16.8
16.9
k8.9
k8.8
k8.6
19.0
19.6
19.9
12.3
12.2
12.2
7.9
7.9
7.9
16.0
16.5
15.7
16.9
17.1
17.2
67.8
67.6
66.8
k8.k
k8.3
k8.2
19 .k
12.2
12.1
12.0
7.8
7.6
7.6
15.9
19.3
18.6
16.5
16.5
17.2
17.3
k8.2
k8.2
k8.1
18.9
18 .8
12.0
11.9
18.9
11.
7.6
7.6
7.6
17.3
17.2
13k .5
67.1
67.0
67.O
133.3
132.5
66.7
66.6
k8.1
k8.1
18.6
18.5
11.8
11.7
7.6
7.5
Ik.
133
.k
It
65.1
6k
.9
63.6
66. k
65.3
'
16.
15.5
17.7
17-9
18.8
15.0
Ik .8
15.0
12 .k
15.
11.1
17.0
17.3
17.3
17.3
17.1
17.0
institutions and corporate pension trust funds are included under
"Miscellaneous investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and Investment funds of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings end loan associations, nonprofit Institutions, corporate
pension trust funds, dealers and brokers, and Investments of foreign
balances and International accounts In this country. Beginning December
19k6, Includes Investments by the International Bank for Reconstruction
and Development and the International Monetary Fund in apeclel nonintereetbearing notes issued by the U. S. Government.
Immediate poBtver debt peak.
Preliminary
Ik .5
Treasury Bulletin
us
.TREASURY SURVEY OF OWHERSHIP, MAY 31, 1958
The Treasury Survey of Ownership 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
the United States.
Data were first published for
March 31, 19 *!, in the May 19^1 "Treasury Bulletin."
1
Section
I.
.
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June
and December 31.
~}0
Holdings by corporate pension trust funds
are published quarterly and first appeared In the March 195 1
*-
Bulletin for quarters beginning December 31, 19^9-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
August 195H
*9
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1958
,
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
-
In millions of dollars)
.
Treasury Bulletin
50
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1958
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values
-
In millions of dollara)
Auqust 195H
51
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1958
Section
,
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
II -
Treasury Bulletin
52
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1958.
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)
(Regular)
Amount
August
/9J«S
53
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1958.
Table 4.- Taxable Treasury Bonds
(ft-ice
Amount
decimals are 32nde)
Treasury Bulletin
5*
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1958.
UJ
o
<r
CD
O
o
10
CVJ
lO
O
CO
o
cvi
O
O
O
ID
o
O
O
Auqust 195&
55
.AVERAGE YIELDS OF LONG-TER4 BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annual
Treasury
bonds 1/
Moody' a Aaa
corporate
bonds
Treasury
bonds \j
Annual aeries
2.k6
2.k7
19k2
19M
19kk
19k5
2.1.8
2.37
2.19
2.25
19ko
19k7
2.83
2.73
2.72
2.62
2.53
2.61
-
July
August
September
.
.
.
October.
November
December.
195k -January
.
February.
March
April
May
June
July
August
September
.
.
October.
November
December.
2
Treaaury
bonds 1/
Moody s Aaa
corporate
bonds
'
calendar year averages of monthly series
2.kk
2.31
2.32
2.57
2.68
2.9k
19k8.
19^9.
1950.
1951.
1952.
1953.
Monthly series
1953-Aprll....
May
June
Moody's Aaa
corporate
bonds
-
2.82
2.66
2.62
2.86
2.96
3.20
averages of dally series
195k,
1955,
1956,
2.55
2.8k
3.08
1957.
3>7
2.90
3.06
3.36
3.89
Treasury Bulletin
56
.AVKtVGE
YUXDS OF LONG-TEFM BONDS.
CO
O
O
CD
t^
UJ
!5
o
Q.
DC
O
O
Q
Z
<
^
31
UJ
a>
UJ
CD
CO
a
_i
UJ
>UJ
C3
<
or
ui
5
Auqust 1958
57
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousands of dollars)
1
Treasury Bulletin
5«
.INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
46
44
Individual Income Tax and
Employment Taxes*
42
DOLLARS
Billions
Billions
22
44
20
-122
Corporation Income
20
and Profits Taxes
42
18
18
ll/ 40
16
16
I
40
DOLLARS
46
/
-M
38
14
36
12
12
34
10
10
32
32
8
8
30
30
6
6
4
38
?
?
/
/
/
/
?
2
36
34
I
28
?
>
28
4
26
/
/
/
?
V 26
/
2
24
i-i
-§-8
22
24
1943
S
?
6
22
>
J
4
20
20
M
18
2
18
16
16
14
14
12
12
10
-
>
V
',
8
6
4
2
1943
'45
'47
'49
'51
'53
'55
'57
-
j
/
'.
10
'45
'47
'49
14
Auqust 195H
59
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(in millions of dollars except per capita figures)
End of fiscal
year or month
Total
money In
circulation 1/
Paper money
Total
paper
money
Gold
certificates
u
Sllrer
certificates
Treasury
notes of
1890
37
United
States
notes
Federal
Reserve
notes
..
Treasury Bulletin
6o
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounte In millions)
Gold
Bid of fiscal
year or month
Sliver
($1.29* per
($35 per
fine ounce)
fine ounce)
Ratio of silver
to gold and
silver In
monetary stocks
(
1950
1951
1952
1953
195k
211,230.7
21,755.9
23,346.5
22 .462 .8
21,927.0
In percent)
3,671.5
3,718.5
3,768.5
3, 814.3
3,863.1
13.2
3, 922.''
15.3
15.5
l"i
.6
13.9
1*.5
15.0
1955
1956
1957
1958
21,677.6
21,799.1
22 .622 .9
21,356.2
3,994. 5
4,116.6
4, 306.0
1956 -December
21,9 »9.5
4,o6U.l
15.6
1957^1 uU
August
September
22,626.9
22,626.2
22,635.5
"t.127.6
"•,151.6
"1,163.2
15.".
October
November
December
22,690.8
22,763.2
22,781.0
4,174.4
4,181.6
"t,l85."«
15.5
15.5
15.5
1958-January
February
March
22,783.5
22,686.2
22, 394.1
">,209.3
"1,236.2
"t,2"H.l
15.6
15.7
15.9
21,996.2
21,593.6
21,356.2
4,254.9
"1,280.0
"1,306.0
16.2
16.5
16.8
I
April
Maj
June
Source: Circulation Statement of Uilted States Money.
silver monetary stock see Table 4.
15. 4
16.8
15.5
15.5
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities:
End of calendar year or month
Gold essets
Gold certificates
etc.
Balance of gold In
Treasurer's account
1/
1950
1951
1952
1953
195k
22,706.1
22,695.5
23,187.1
22,029.5
21,712.5
21,653.5
21,662.5
22,178.8
21,545.7
21,223.5
1,052.6
1,032.9
1,008.2
483.7
489.0
1955
1956
1957
21,690.11
21,949.5
22,781.0
21,199.1
21,458.3
22,272.9
491.2
491.2
508.1
1957^July
August. .. .
September
22,626.9
22,626.2
22,635.5
22,134.7
22,127.2
22,131.1
492.3
499.0
504.4
October . .
November
December.
22,690.8
22,763.2
22,781.0
22,193.1
22,270.8
22,272.9
497.7
.
1958-January. .
February .
March
22,783.5
22,686.2
22, 394.1
22,292.2
22,287.2
21,992.1
491.3
399.0
402.0
April
May
June
21,996.2
21,593.6
21,356.2
21,596.7
21,192.5
20,954.6
399,6
401.0
401.5
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve
Banks; (2) gold certificate credits In (a) the gold certificate
492.1*
508.1
fund - Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0
million against 'felted States notes and Treasury notes of 1890.
August 1958
61
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held In Treasury
Bid of calendar
year or month
Securing Bllver certificates 1/
Sliver
bullion 2/
1950
1951
1952
1953
2,Olt0.7
195**
2,171.1
1955
1956
1957
2, 19li.lt
1957^July
August. .
September
2,209.l<
October
November.
December
April
May
June
95.1 2/
82. c 2/
Sliver
dollars 1/
Subsidiary
coin \/
1.8.0
253.5
236.3
219.0
15.7
2.3
8.2
17.6
235.li
62.9
92.3
252.2
269.3
1,283.2
1,338.2
227.7
225.0
222.8
13.3
7.5
7*».3
2,210.2
2,211.3
8.2
85.2
89.0
2,212.1
2,212.1
2,212.9
221.2
219. k
219.0
13.1
8.3
8.2
2,215.6
2,215.6
2,219.0
218.6
218.3
217.5
16.9
28.9
2,226.0
2,226.0
2,228.3
211* .3
215.5
213.3
<*5.3
1,21*2.7
Total
sliver
at $1.29+
per fine
ounce
3,697.1
3,71*1.3
3,79l*.l
3,837.0
3,886.6
3,930.1
1,1*02.6
U.061..1
U, 185.1*
260.7
263 .u
265.5
1,372.9
1,382.6
1,385.5
U.151.6
U.163.2
90.3
92.9
92.3
267.1
268.9
269.3
1,389.5
1,397.0
1*,
181.6
1,1*02.6
1*,
185.1*
269.8
270.1
270.8
1,1*03.8
l*,209.3
35.3
99.1
108.5
10U.2
33.6
30.7
26.8
105.5
119.0
131.5
272.7
273.9
Circulation Statement of Iftilted States Money; Office of the
Treasurer of the Itilted States.
Valued at $1.29+ per fine ounce.
Includes sliver held by certain agencies of the Federal Government.
Source:
1/
2/
,
3.6
1.7
3.9
6.3
Bullion
at cost
30.7
11.0
2,208.9
2,212.9
.
Bullion for
recolnage k/
1,022.2
1,083.1
1,158.1
1,213.1
2,11*0.8
1958-January
February
March . . .
312.8
301.0
289.3
278.3
267.6
Subsidiary
coin \J
179.6
191.3
202.5
213.2
223.1
2,073.5
2,109.7
.
Sliver
dollars
Silver outside
Treasury
In Treasurer's account
3_/
!*/
*
Valued at $1.38+ per
Valued at $1.38+ per
according to whether
sidiary sliver coins
Less than $50,000.
27"i.9
1*,127.6
1,1*03.7
It,
236.2
1,1*07.8
It,
21*1,1
1,**13.3
1,1*17.9
1,1*22.0
U, 280.0
l»,25l*.9
1*, 306.0.
fine ounce.
fine ounce or at $1.29+ per fine ounce
the bullion Is held for recolnage of subor for recolnage of standard sliver dollars.
Treasury Bulletin
62
.MOHETAKY STATISTICS
.
Table 5.- Seigniorage on Silver
(Cumulative from January
1,
1935
-
In millions of dollars)
August 195H
63
.EXCHANGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1957, and March 31, 1958
March 31, 1958
June 30, 1957
Cash:
Treasurer of the United States, checking account...
Federal Reserve Bank of New York, special account..
Disbursing officers' balances and advance accounts.
*U, 3U6.850. 1.8
109,993,277.53
k, 559 .21
Total cash
$3,6lU,126.21
197,176,718.27
l»,833.17
$lll»,3M<,687.22
$200,795,677.65
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - gold
108,789,866.30
93,Oli8,706.3lt
Investments in United States Government securities
95,000,000.00
25,000,000.00
337,366.85
105,209.011
Accrued Interest receivable
Accounts receivable
51,005.99
Interest purchased
215,276.23
Unamortized premium on Treasury obligations
lit,
952 .27
Federal Reserve Bank of New York clearing account
31.07
Total assets
316,9119,62 It. 10
318,753 ,15k. 86
Liabilities and capital:
Accounte payable:
Vouchers payable
Employees payroll allotment account, United States
savings bonds
Miscellaneous
7,693.55
8,196.1a
2,683.58
1,035,893.65
i56.lt36.UO
'
Total accounts payable
166,519.08
1,0116,270.78
Unamortized dlecount on Treasury obligations.
Capital account
Deduct - Subscription to International Monetary Fund...
1,886.27
27,587.13
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
Net Income (see Table 2)
Total liabilities and capital.
Note: Annual balance sheets for fiscal years 193^ through I9U0 appear in
the 191t0 Annual Report of the Secretary of the Treasury and those for
succeeding years appear In subsequent reports. Quarterly balance sheets
200,000,000.00
117,679,296.95
118,783,105.02
3 18, 753,15'' .86
3l8,9!i9,62ll.l0
beginning with that for December 31, 1938, have been published
in the "Treasury Bulletin."
Treasury Bulletin
6U
.EXCHANGE STABILIZATION FUND.
Table 2.- Income and Expense
Classification
January 31, 193 U, through
June 30, 1957
January 31, 193U, through
March 31, 1958
Incoae:
Profits on British sterling transactions
Profits on French franc transactions
Prof ltB on gold bullion
on gold
(
$310,638.09
*310, 638.09
351,527.60
351, 527.60
60,769,lU6.87
62,000 ,962.85
50,531,831.06
50,675, 756.58
102,735.27
102, 735.27
3, >73, 362 .2°
3A73, 362.29
including profits from handling charges
Profits on other gold and exchange transactions
Profits on silver transactions
Profits on sale of silver bullion to Treasury (nationalized),...
1
1,979,938.16
1.6U9, 712.79
13,726,522.9'*
15,002, 5W».51
865,209.51
865, UU2.07
Interest earned on foreign balances
2,8119,683.19
2.8U9, 683.19
Interest earned on Chinese yuan
1,975,317.07
1,975, 317.07
Profits on investments
Intere st on Investments
Miscellaneous profits
Total Income
136,935,912-05
Expense:
Personal services
Travel
15,186,691.86
725.2U0.UU
Transportation of things
768.U76.53
Communications
6U2.52U.99
Supplies and materials
132.8U8.79
Other
Total expense
Ne t income
1,800,832 .U9
19,256,615.10
117,679,296.95
139,257
August 1958
65
.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,
1934, Executive Order IOO33 of February
Treasury regulations promulgated thereunder.
S,
1949, and
Information
covering the principal types of data and the principal
countries is reported monthly, and Is published regularly
Supplementary Information Is
In the "Treasury Bulletin."
published at less frequent Intervals. Reports by banks,
securities brokers and dealers, and
bankers,
Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
pages 45-47.
As a result of changes In presentation
introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
oountrles, 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 preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent Intervale. Table 1, shortterm foreign liabilities and claims reported by nonflnanclal concerns. Is published quarterly In the January,
consolidated figures to the Treasury.
Beginning April 1954,
data reported by banks In the Territories and possessions
of the United States are Included In the published data.
April, July, and October Issues of the Bulletin.
The term "foreigner" as used In these reports covers
Table
2,
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
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
and dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, Jur.e,
September, and December Issues.
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
Table 4, 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 In-
appeared In the June 1954 Issue of the "Treasury Bulletin,
stitutions,
organizations.
"Short-term" refers to original maturities
of one year or less,
and "long-term" refers to all other
Is
presented annually In the April Issue.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In mllllonB 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 liabilities to foreigners
Short-term
banking
funds
1935-41
5,253.2
622.6
1,273.5
452.8
1,056.6
-603.0
345.5
24U.7
193.8
I9U2
1943
1944
191*5
19>»6
19*7
1948
1949
1950
1,71*9.6
1951
-374.3
1,260.6
1952
1953
195^
1955
1956
1,162.8
637.1
1,175.0
586.5
-666.8
1957
1957-July
August
September
-113.6
-80.7
-95.6
October .
November
December.
328.2
-100.0
-30.8
.
.
1958- January..
February.
March p..
April p..
May p
Preliminary.
Revised.
3,661.3
532.5
1,207.1
1*31.1
1,166.3
-752.6
5*17.2
1*09.3
-24.8
1,971.2
73.1
1,558.8
1,090.9
1,1*19.5
3, 031* .6
1*6.6
27.8
210.7
funds
1,591.9
90.1
66.4
21.7
-109.7
-1U.1
-418.4
636.2
601.5
-100.0
1,026.8
-331* .2
-50*
-89.I
-192.2
75.2
9UU.U
-201.7
-164.6
218.6
-221.6
657."*
-584.3
-447.5
-298.2
72.0
-782.4
1,21*3.9
1,102.1*
1,270.2
682.1
31**.
-11.5
1"*9.3
685.2
-192.1*
156.1.
336.3
1,338.1.
191*. 6
-908.3
-1,003.1
-129.3
-Mt. 5
-81. .8
-11.0.9
1,367.3
1,1*9!*.
11.1.
15.7
-145.1"
-70.5
-80.3
14U.2
-482.0
-162.0
-397.2
-283 .2
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-719.9
67.5
-21.1
4.1
-51.8
-11.1
-36.6
18.6
-48.7
-18.1
-1*8.5
92.1*
-58.0
-5.1
1*05.6
1*25.3
20.1*
-126.0
-10.0
-19.7
23.9
30.4
-77.3
-102.1
-51.2
-95.9
50.9
-33.1
-9.6
ill*
-183.9
-158.0
-59.8r
-21.2
11.4
-45. 6r
179.6
-17.7
-153 -9r
-391.9
-16b.
-121.6
172.7
130.6
-8.0
-32.2
-32.5
2.1
-43.
-227.3
-42.1
-402.0
Transactions
In foreign
securities
736.3
97.5
-11.3
-71.8
-63.1
-315.5
-240.7
-69.8
190.8
-76.2
-63.0
170.0
93-7
-271.1*
Short-term
banking
1,279.1*
-162 .Or
-6U.
626.7
485-9
1,179.3
220.U
-221 .8r
-13.9
Changes In claims on foreigners
Transactions
in domestic
securities
-124.8
-100.6
855
-7
77
93
-46
265
39
-94.8
27.8
-162.7
-169*
-14.2
-102.5
-301.5
1
.....,
9
3
1
U
3
8
1
4
U9
1
8
3
1
Treasury Bulletin
66
.CAPITAL MOVEMENTS.
Section
-
I
Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
aid of calendar year
or month
Other
foreign
Fore ign
official
205.4
1942
1943
1944
1945
1946
2,244.4
3,320.3
3,335.2
•,179.3
374.9
,596.8
,883.1
,480.3
1947
,116.U
19>»8
718.0
618.0
644.8
9,302.2
1949
1950
1951
1952
1953
1954
1955
1956
1957
1957^uly
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
3,01.3.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
2,972.7
2,947.0
3,001.0
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,133.7
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 1/
7,905.0 1/
It,
14, 810.1
4,041.2
21.5.6
U.308.U
4,335.4
.,726.5
5,392.8
5,652.5
7,807.6
7,626.6
7,647.2
5,393.5
14,902.4
14,844.5
October.
November.
December.
15,269.7
15,143.7
15,133.7
15,313.3
15,295.6
:
473 .7
1.0 .6
1.9.7
91.8.9
1,861..
70.
1,657.8
1,527.8
51.0
1,61.1.1
72.2
1,018.7
827.9
898.O
968.U
1,58"..
61.1.
1,01.8.7
1,629 .U
1,769.9
1,881.1
1*3.7
904.5
1,386.5
1,1.52.1
48.8
58.9
.9
U3.2
319.6
122.9
156.5
206.5
328.1
847.5
78.4
61*6.5
101.6
211.0
163.9
2,133.7
426.0
1*28.7
1*06.6
1,536.1
1,570.7
1,587.5
171.6
2, 151..
2,21.6.7
414.6
390.1
1,656.3
1,673.2
1*07.6
1,671*.
175.8
132.5
147.2
358.5
1,751*
3118.1
1,766.2
1,770.0
1,517.3
62.6
56.8
58.9
5,638.0
5,667.0
5,716.4
1,618.8
49.0
1,1.70.6
1.8.1.
2.250.1
2,238.7
1,376.7
70.3
2, 281*.
358.2
5,655.3
5,673.5
1,373.1*
81.
2,1.09.1
36U.6
2,509.7
1*31.1.
1,502.7
506.3
699. 4
63.7
66.3
72.7
1,516.5
7,907.0
7,920.2
100.4
110.8
2U0.6
91.8
1*91*. 3
1,6711.1
5,756.1
5,732.5
5,652.5
15,1m. 7
557.1
1.07.6
7,934.5
7,816.1
7,905.0
15,020.1
15,192.8
165.1*
1.05.1.
1,51.8.5
1,91.5.7
1,512.2
.
98.1
1*90.6
2,228.9
1,51.5.3
1,635.1.
April. p..
May P
31*. 4
51. .6
1.7.5
969.0
1,056.5
1.390.8
1.0.3
1,538.1.
30.9
245.0
290.5
292.9
361.2
222.7
151.1
177.2
5,612.4
Beginning In August I956 and again in April 1957, certain eccounte
previously classified as "Other foreign" are included in "Foreign official."
1/
11*3.7
137.2
169.7
2,262.0
1,517.3
:
72.0
86.1.
105.
100.3
257.9
329.7
392.8
708.3
1*1.
Payable in
fore ign
currencies
21.6.7
5,571. .2
8,007.4
8,109.6
7,978.2
.
Payable in dollars
Loans to
foreign banks
13.9
17.9
21.6
25.5
3A51.7
August. ..
September
1958 -January
February
March p #
International
Payable in
foreign
currencies
2,150.7
2,195.8
2,228.9
.3
96.3
.1*
1,869.5
1,911.9
11*9.6
11*7.2
155.1*
156.7
137.2
12U. I*
156.1
171* .9
166.3
Prellnlnary.
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 liiited States)
Calendar year
or month
Corporate and other
U. S. Government bonds
and notes l/
Bonds 2/
Not
purcha
1935-1.1.
396.8
19L2
16*. .2
191.3....
21.1.3
19>">>
513.6
377.7
W5....
19U6 ....
1HU .5
344.8
282 .4
191*7....
191*8
y
1.92. 4
25.7
70.7
2!>5.3
393.1.
-15.7
681. .2
-269.7
61.5
283.3
330.3
333.6
Net
purchases
-95.7 1/
138.5
170.6
268.2
2J
,
2J
I
%l
2/,
75.5
20.9
151.6
136.9
260.2
191. .6
-1*3.0
9,322.1
260.6
392.9
8,695.3
214.0
365.2
lt'39.7
2/
2j
2J
,
2j
,
,
1950....
1.30.0
1,236.1.
291.. 3
91.2.1
107.7
108.3
673.6
533.7
1,356.6
61.6.0
195*.....
800.9
1955....
1956....
1957
1,31*1.1
883.4
666.1
728.0
792.7
812.1
1,018.3
718.3
120.0
200.1
212.8
289.7
32U.7
287.1
310.2
iui.6
188.5
1953
-683.O
302.3
-82.O
8.2
529.0
-135.0
-52.1
28.8
18.1
15.8
122.0
175.2
10.2
-93.1
-157.1
5.6
35.1*
18.8
30.5
16.6
21..7
23.0
1.7
7.3
".2.3
30.8
37.U
31.7
23.5
27.3
13.8
4.4
113.2
132.8
52.5
.2
27.9
24.4
29.9
-2.0
5.9
1957-July
August
September.
October.
November
December
.
.
.
1958-January...
February
March p...
.
April p...
May p
X/
2J
1/
37.8
73.1
113.1*
21*5.9
1*3.9
71.8
1*7.1.
231.1.
m
113.1
-8.6
-23.5
-35.2
21*
.0
31.3
22.3
tj
197.1.
283.6
296.0
251.8
258.9
22.7
28.6
18.5
5U.
18.5
39.1
28.8
22.9
35.0
24.3
Through 1949, Includes transactions In corporate bonds.
Through 191.9, Included with transactions In U. S. Government
bonds and notes.
January 4, 191*0, through December 31, 1941; the breakdown between
y
96.)|
,
H
-1.7.9
96.1a
81.1.6 3_/
2j
,
2J
,
2j
,
2/
..r
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
1.3
2.7
3.9
1/
-i»ii.it
Net purchases of
domestic
securities
626.7
1*6.6
171.
-31* .6
650.1.
357.7
-97.1*
637.9
751.0
27.8
210.7
-113.1
367.6
226.1
369.7
1.32.1
-61. .5
1,116.3
-33lt.2
376.7
35l>.
375.3
664.0
-150.6
-144.3
-21.2
782.1
570.9
652.2
844.4
708.9
1,066.6
-192 .2
75.2
2,117.6
1,069.0
-581..
1,381..
I,". 1.7.
1,1*59.'*
-11.5
2,056.1.
2,51.1.8
685.2
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
51l». 1
619.5
649.2
533.9
980.2
2.9
120.3
1.0
55.2
135.0
127.5
781..
2,011.1
1,533.3
-89.1
944.4
3 11. .9
1.363.5
1,163.8
256.0
11.2.6
2,205.7
3,227.0
2,790.0
2,282.8
137.1
10U.2
69.6
130.0
90.6
7.1
13.6
-1U.5
189.9
153.5
107.7
112.8
-5.1
81.9
73.5
69.3
120.0
70.8
-38.1
11.2.1
161.7
-19.7
2.8
148.7
121. .8
23.9
7k.
-4.8
17>*. 1
11.3.7
30.1*
65.lt
-7.8
-7.6
206.7
216.3
232.5
180.6
-9.6
111.1.
219.3
206.6
-43.0
-42.1
1,306.1.
1,>*33.7
81*.
1
73.6
73.2
81.2
.9
7U.6
89.0
-lU.lt
172.6
-6.2
-l.k
75.7
89.1
99.8
-13.lt
176.3
-5.6
l61i.lt
11.
Total
sales
Net
purchases
1*30.2
H
2J
1951
1952....
191.9....
Total
purchases
9U .2
3">3.9
2,633.6
2,11.1.0
stocks and bonds is not available for earlJer years
Preliminary.
11.9.3
156.1.
11*1.8
274.7
-81*.
291*. 3
-11*0.9
-8.0
Aaciust
WH
67
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Calendar year
Treasury Bulletin
68
.CAPITAL MOVEKENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Poo it loo at and of period In million* of dollar*)
V
Auqust 195H
69
.CAPITAL MOVEMENTS.
Section
II
-
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In milllona of dollars)
Calendar year
1956
Country
1953
195J*
1955
1956
January
1957
Europe:
Austria
Belgium
CzeohosloTak la
Denaark
Finland
France
Germany, Federal Republic of
Greece
.8
.It
2.0
13.0
19.6
15.9
*
ft
6.2
1.9
9.7
2.5
13.2
2-5
10.6
30.5
12.1
87.8
Netherlands
8.6
Ik .2
70.2
3-3
19.7
15-9
Norway
Poland
Portugal
Rumania
Spain
1.0
2.1
ft
•
1.3
18.
Italy
"*-5
29.9
11.2
6.7
28.1
6.k
33.3
.2
.1
12.2
3-5
10.7
k.l
18.3
llk.k
lko.0
6.3
58.3
157.0
4.3
k3.2
20.9
23 .»
*
.1
23-9
23.
3.6
2.0
.6
.5
ft
»
ft
*
.3
k.O
U.8
7.6
11.5
2.7
17-9
15-7
u.i
7.k
13.1
16.2
U0.7
25.7
77.9
28.9
10.2
3k.
76.2
70.5
173.5
109.3
Yugoslavia
Other Europe
k.8
6.8
1.3
».5
2.0
6.k
Total Europe
235-9
U02.5
U23.2
567.5
75-6
lk3.7
"1-57.3
7.1
10.8
125.1
22.6
56.9
5.6
2.5
273.5
lk.l
107.0
6.8
3-8
68.7
13.7
1U3.0
15. u
51.2
1-9
70.7
2.6
3.9
115.7
91.9
2k
Sweden
S«l tzerland
Turkey
U.S.S.R
Uni ted Kingdom
Canada
56.
1.5
1.6
87.6
10k
.k
.2
6.3
5.8
Latin America:
Argentina
BoliTia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
,
,
,
,
,
,
,
,
».l
92.9
It
.3
72.1
16.2
1U5.1
5.k
89.8
6.8
5.1
153.7
212.9
7.3
2.6
l.U
2.6
>>.9
».6
20.2
8.2
3.7
kl.6
8.8
12.2
3k.
10.9
10lt.3
19.3
6.9
62.7
26.5
16.6
29.
8.1
18.1
33.9
lk3.9
k9.2
k72-7
728.1
705.6
SkO.k
2.5
2.5
3.8
5.7
16.2
10.0
Ik.
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
2.6
3.1
3.7
3.3
5.1.
.8
.8
3
13.8
18.0
20.1
22.9
25.6
J
5.5
6.1
10.
16.
102.9
1.0
18.8
5.5
170.2
.7
15.6
5.5
Thailand
Other Asia
2k .7
8.0
56.0
9.0
87.5
Total Asia
Ilk .8
232.6
337.5
ll.k
5.2
1.5
17-0
10.6
5.9
2.0
7.9
16.7
Other countries:
Australia
Belgian Congo
Egypt 2/
Union of South Africa
All other
2.k
7.8
1U.1
6.3
1.0
5.9
9.6
Total other countries
2k .9
37.0
•3.5
k3.0
1,386.5
l,5k8.5
l,9k5.7
8.0
6.3
.5
8.I1
International
Grand total
901..
M9.3
.3
February
March p
April p
..
...
Treasury Bulletin
70
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net aalee by foreigners or a net outflow of capital froa the United States)
Calendar year
1958
1957
Country
195k
1953
1955
1956
1957
January
February
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Hetherlanda
orway
1,813
-581
k,060
U.869
-2,903
13,311
768
25,355
-6
7
-695
-213
9,886
-237
-1,90
838
-28
-98
1.923
118
-1,196
-59
1
-702
-37
59
36
758
-1,685 -120,635
8,761
6,596
-51k
811
-6,89k
k22
17,695 -k2 ,k27
9,5k3
3,012
61
672
39,kl6
122
232
-3 ,k68
-5k
-28k
-23
-k,921
1,280
-17
61
Ik
k71
-329
-3,680
k7,580
39
2,261
19,ok6
37
k,k9k
21,636
-23 ,670
-2,506
-22
895
2
-22
1,800
963
393
1,582
-1.1,668
16,992
-lk8
-101
183
21
-616
-k8l
-21,319 -3k, 339
-k,5k2
Poland
Portugal
Rumania
Spain
kl
631
.
Yugoslavia.
Other Europe.
.
Total Europe
.
.
Canada
-9
-925
800
-361
663
-521
57,086
-»5
-8
71,258
-887
73,ka2
-1,00k
Ik7,k87
1,1.16
3k6
69,766
96,025
-Ik
-18k
-1,373
77
-186
5,37k
62,323 138,928
329, 117
2
Sweden
Switzerland .
Turkey
U.S.S.R
United Kingdom
l,k6k
-98
-89
-120,617-187,195
37,977
6
1,603
-3
2
135
-38
373
k
-Ik
1,001
-651
22
101
107
-k7
-1,163
2,887
233,939
6,111
98,302
79
2,521
26
-k ,599
-7
-19
J.25
-7,19k
-27
7,659
79,027
Ik, 797
33,959
3,k72
23,161
1,879
-17
-6,lk2
7,196
161,019
291,273
26k, 825 -123,507
-8,357
kO,368
"698
-8,737
-165
-2,295
Latin America:
Argentina
Bolivia...
Brazil
Chile
Colombia.
1,138
119
638
1,115
-1,519
-938
202
kl3
1,979
Cuba
Dominican Republic
Guatemala
Mexico
Hetherlanda W. Indies and
Surinam
873
-3,137
Panama, Republic of.
Peru
El Salvador
Uruguay.
Venezuela
Other Latin America.
-2,k2k
66U
13,339
-119
Total Latin America.
3,066
k92
1,832
2,260
1,69k
1,255
-kk8
869
-471.
930
108
1,110
3,782
l,k60
19,385
-1,029
-1,170
8k ,255
53,677
265
-1,267
-53
9,087
778
-lkl
-29
-886
621.
2,128
k,723
-8,738
-20
kOS
2,028
1,190
3,903
3,016
-1,789
670
-57
3,72k
3,769
21
-1.0
3,1.50
6,1.03
80k
-157
198
l,kk3
3,61.9
3,01.1
8,025
669
7,kk5
2k ,859 113,179
76,166
-kOk
688
5,300
789
15,lk0
963
1,292
k3
-»3
-1
-78
111
-27
175
302
26
-13 ,2k0
657
28
117
3
250
-10
-865
3,810
362
280
1,551
-59
-26k
52k
257
12k
k,l85
l,k83
125
33,859
8,117
-11,663
1,032
153
219
-8,335
76
-273
69
-k53
21
82
17
85
-38
-2k
16
-27
-391
103
-397
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
-153
-1,U32
lkl
5,393
-kOk
-1.9
-71.8
-57
-kl
20
-91.
-550
1,063
-785
5,52k
k9
-Ik, 777
117
706
1,096
9k
16
-Ik
-181
-1,69k
2
-756
-*93
-266
23
36
21.
1,751
8
-179
853
-1,079
-k20
15k
9k5
-J.38
Thailand
Other Asia
-180
-lkl
758
25k
k,857
15k
5k5
877
6,0k8
9,577
170
5k8
kk3
Total Asia
70
3A51
29,121
-1.1U6
k,6l0
153
350
99
168
-20
210
31.3
i/
15
207
5
7
-121
-B25
-57
Other countries:
Australia
Belgian Congo
Egypt 2/
Union of South Africa.
All other
123
-903
-222
2,326
Total other countries.
-889
3,225
6,56k
k,38l
3,553
22,71.1
77,730
-20,561
8l,7k5
-11,513 H.9,318
685,232
156,351
International
Grand Total.
1*
5">1
191
-33
8
2
-213
68
18
-Ik
287
k.llk
-6
-9
-226
-35k
-179
-365
-157, k20
989
k63
lkl,776
30,366
-9,552
k
1
March p
April p
August 1958
71
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1957
1958
Country
195*
1953
1955
1956
1957
January
February
March p
April p
52
k8
-9,091
ko
-3,006
56
Kay p
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Ne therlond s
Horvay
Polend .
Portugal
Rumania.
Spain....
.
.
.
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
1,995
1,U89
3,056
7,21k
-11
12,00k
25, 57k
2l»7
1,179
5,395
-162
50
3,lk3
-6,091
-k,670
1,280
1,351
3,991
-8k,8kl
2,0k8
10,337
-17
286
-73
-W>
-9
2,k02
602
829
5,k08
273
781
106
7,096
279
3,kl6
2,202
3,387
288
22
83
72
61
1
k
65
1,232
55
5,k01
k,662
60
1,783
16,725
19,000
2,k58
1,065
-937
535
-5,780
150
J.96
-1,57k
-663
357
279
-1,218
-e
-8
-2
kk
27
1,256
-lk,ik8
-15k, 158
59
-2,123
239
-992
8k3
-k90
k0,200
887
21
316
-2k ,275
17,602
203 ,837
885
k,585
-8,6kl
-3,003
l,3k3
-1,966
-20,090
-1,631
9,065
-3 ,811
3,172
761
-95
2,859
k,762
2
-10
50
106
875
15
-13
3
155
2k
-192
-13
73
5,850
28,660
23k
k,003
k,830
1,317
8,188
-10,kk5
-1,791
-k,952
-587
-6,985
5,955
-3
-13
15,356
179
-58k
-3
-23k
3
-k
28k
W.7
358
207
62
-7
-285
282
37,30k
-k87
-1,332
33,620
-197
Ik ,233
-IB
37,051
-9,»63
-35,235
-59,218
-1
-5
l,6k2
-250
-6k8
35
-35,7k5
-5
390
66
k95
19,59k
519
27,90k
17
31
1,332
3,909
2,106
-«5
22
1,131
121
2,807
-30
Total Europe
96,259
-9,119
-k5,523
8,kik
231,066
5,83k
•137,761
•133,17k
7k, 15k
-Uk7,l62
-550,015
-lk,k39
-292
77
o,262
Latin America:
Argent lna
Bolivia...
Brazil
Chile
Colombia.
Cuba
Dominican Republic...
Guatemala
Mexico
Netherlands V. Indies
Surinam
7,189
1,562
l,2k5
5,5k0
51
-323
-1,558
118
5,763
3,621
1,058
3,089
-1,007
127
5,35k
5,311
501
5k
-lkk
-370
62
21
292
8,697
k2
-68
-350
8,067
13,k88
-l,8lk
-7,355
-5,266
2,125
-5,516
-93,3kk
1,128
-86,357
-122,638
k7
76
13
-5
71
270
275
22
31
3k8
76
kll
103
Ik
119
-782
10
-1
-285
3k
1
-2
-5
3
kk
2,322
330
217
k09
2,17k
5
2,868
36k
-63,925
257
709
913
523
-182
-6,287
133
3,339
806
228
9,07k
7k
8
10,2k7
283
-62
6,k69
1,790
17
k3
2
1,961
211
2,109
-155
9
l,k96
25
399
-166
-351
6,031
-k
2
Yugoslavia..
Other Europe
Canada
1
-Ik
-k
283
257
200
-2
205
6
515
k35
237
3,356
176
171
610
288
206
-116
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
5,065
3k0
2,137
1,633
k96
6,299
1,322
129
2,753
J»30
-1,186
-39k
2,875
-252
-k9
7
723
22k
9
-72
-2
117
12,179
580
-2,055
-5,55k
-229
-k,769
186
-203
-lk2
321
k3
59
3k
822
-577
k06
2
2
-l,6k2
-8,0k5
95
356
-18
171
131
375
-100
k87
1,798
-1,871
-861
79k
-66
-135
15k
-97k
106
-2,310
Total Latin America.
3k ,599
32,760
23,506
17,l8k
15,109
-3 ,070
k,k85
1,535
kl9
2,53k
353
22
2,159
56
5,125
k36
70
3,205
-331
-103
lk,k90
20
1,707
k6
1,732
3,537
5,028
1,678
18k
lk3
k
6
3
359
-753
53
208
193
3,966
Asia:
China Mainland.
Bong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand...
Other Asia.
2,358
IkO
136
-18k
139
25
-Ik
129
-38,172
-39,992
6,232
-41,736
601
k,038
i/
281
-i/
-133
2
-13
-18
1,005
3
1
1
19
72
-5
u
-53,088
-50,56k
-7,288
-6,508
-2,876
-3,k23
677
62
5
52
-2,711
k5
-3 ,079
-5k
3
60
152
k
10
2k5
k50
659
-16
58
51
220
-l,9k9
358
-25
-k
-11
-1
k3k
501
-2,387
-211
-657
-11,272
1,308
8,071
-525
-9,87k
-1,77k
-528
-3,096
-5,697
-2,105
-l,3k6
-29,905
-3k,lk9
-k8,725
-39,962
-k5,l88
-7,21k
-5,313
-3,157
-3,280
-3,360
-3,71k
ll,0k2
Ik ,850
-23,709
115
-608
11
-25,505
6
-19
-21,796
-3k3
6,051
283
329
3
k69
6,805
78
-25
96k
-I6,k28
-805
1
Other countries:
Australia
Belgian Congo
Egypt 2/
Union of South Africa.
All other
Total other countries,
60
-5,6k7
1,722
8
-1
1*3
1,995
3
-3
1
-308
5,633
179
118
1,221
52
2
-Ik ,0k3
-883
12,880
563
-Ik, 78k
2,0kl
-kkO
1,031
-25,k70
-135,279
-12,593
-k,6k2
-11,06k
-155,721
•162 ,69k
-I69, kk3
-Ik, 170
-102, k82
-301,k52
25,813
-7,302
international.
-61,236
-26,53k
-33,130
•383,783
23k
Grand total
-72,231
-30,k2k
-511,08k
-719,931
-18,092
l/
2/
-300,388
Hot reported separately prior to March 195k
Part of United Arab Republic (Egypt and Syria) since February
Data on transactions by Syria are not available separately j
1958.
-73
but are Included in "Other Asia.
Preliminary.
3
53
-160
195
.
.
.
Treasury Bulletin
72
.CAPITAL MOVEMENTS
.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of June 30, 1958
(Poaltlcn Is thousands of dollars)
Short-term llabllltlae payable In dollars
Country
Total
short-term
liabilities
To foreign banks and official Institutions
Deposits
To all other foreigners
U.S.
U.S.
Treasury
bills and
certificates
Deposits
Treasury
bills and
certificates
Other
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Horway
Poland
Portugal
Spain
Sveden
Swl tisr land....
Turkey
O.S.SJi
Halted Kingdom.
10,000
5,600
8,726
13,651
6
11,764
5,303
2,551
44,332
211
12,780
1,552
2,538
37,720
211
11,152
1,552
199,415
297,258
111,685
10,729
885 ,000
18,901
242,185
139,624
616,509
157,616
284,349
63,990
17,151
10,172
30,264
27,187
61,746
5,638
116,232
330
12,189
171
855
428
1,949
243,647
697,288
9,455
507
718,605
61,477
421,839
8,970
128,000
140,146
360,502
63,928
252
101,014
45,301
351,776
49,446
246
79,250
34,398
121,889
1,070,753
292,925
229,045
1,424,443
111,717
1,040,482
265,692
107,584
6,397
153,828
805
30,523
62,772
6,066
118,181
330
12,776
253,554
833,061
11,754
363 ,053
108,570
463
113,902
"•6,853
300,869
1,1165,166
93 ,634
831
32
14,442
587
13
633
5,979
478
1,150
56,598
15,678
10,062
24,447
22,050
3,872
9
110
160
3,952
3,520
44,759
331
35,647
475
17,657
40,510
331
35,086
475
17,394
1,668
2,581
9,719
108,156
2,191
279
162,681
1,464
5,657
1,185
500
61
39
224
147
6,325
19,661
114,200
34,144
359,851
331,799
26,955
9,866
134,142
2,191
279
311,025
Yugoelavla. .
Other Europe.
610,441
6,109
574,786
5,216
184,645
272,624
893
117,517
341
35,647
29,640
4,648
1,359
Total Europe.
6,959,366
6,092,898
2,595,367
2,559,025
938,506
802,550
588,811
136,741
76,998
2,000,787
1,748,463
1,167,709
560,226
20,528
245,358
206,818
27,060
11,480
Argentina.
Bollrla. .
Brazil
Chile
Colombia.
139,919
22,880
125,368
82,543
7,271
30,733
26,162
61,106
257
40
12,819
923
2,911
57,104
15,569
81,698
58,446
61,284
55,913
15,465
77,436
57,006
60,503
94
1,097
146
125,316
82,800
7,311
43,652
27,085
64 ,017
4,116
1,231
704
Cuba
Dominican Republic
..
Guatemala
Mexico
Netherlands W. Indies and Surinam.
281,083
53,318
63,863
331,580
62,238
164,213
31,832
45,617
214,316
39,624
119,623
40,281
4,309
203 ,575
23 ,267
17,600
8,100
6,060
4,251
2,641
10,297
116,870
21,486
18,246
116,599
22 ,614
115,658
21,285
18,181
115,944
18,934
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
13 '',399
72,972
33,184
76,532
740,188
150,355
21,787
25,844
17,572
34,376
591,099
82,139
21,349
25,731
7,431
33,032
590.362
65.788
2,Uo8,729
1,493 ,284
1,353,109
35,9*
29,348
37,323
67,713
81,298
60,730
786
1,059,738
6,1.52
502
54,170
135,303
485
5
341
latin Aasrlca:
Total Latin America.
85,53''
31,370
23,766
462
104
209
77
759
21
60
47
»53
180
5
,180
608
1,500
325
113
113
7,200
88,029
44,030
15,606
34,372
146,476
63,068
20,304
2,958
9,641
1,339
737
9,151
112,584
47,119
15,612
42,147
148,921
66,449
,251
131
500
5
2,700
2,297
2,288
6
5,075
148
1,093
80,171
60,004
1,002,748
947,906
15,260
39,582
28,732
35,046
66,474
69,524
60,695
342
274
2,277
1,239
574
35
6,556
26,764
15,297
2,381
3,441
6,556
25,965
15,297
2,381
3,441
31,897
564,087
113,916
125,101
81,712
4,600
188,825
1,000
90
30
9,114
30,200
2,583
19,159
1,675
21,443
6,492
200
220
239
381
66
1
2,784
19,618
1,675
21,890
6,492
Aala:
China Mainland
Hong Kong
India
Indonesia
Iran
64,098
83,596
83,679
64,171
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
•
48,395
802,736
117,093
88,235
45,611
783,112
115,416
141,673
81,743
Thailand
Other Asia
147,780
367,325
143,480
335,845
52,524
285,226
68,400
34,403
22,556
16, 216
4,300
31,222
4,253
31,096
38
100
2,066,636
1,923,29*
1,514,934
308,890
99,470
142,420
140,341
961
1,118
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All other
74,963
33,879
17,995
24,172
136,851
71,409
33,322
16,803
20,010
32,600
10,070
2,958
6,240
500
200
140
9,475
3,383
557
1,075
3,053
104 ,494
35,851
17,012
16,680
19,370
94,819
31,071
3,363
554
1,075
2,952
28,101
100
400
2,570
Total other countries.
287,860
246,038
183,732
43,370
18,936
39,139
36,045
520
2,574
Total Asia.
163 ,624
502
16,482
1
Other countries:
International.
Grand total.
1/
123
1,444,860
1,444,808
261,863
1,182,945
15,258,238
12,948,785
7,076,714
4,734,627
Part of United Arab Republic (Igypt and Syria) since February 19587
Data an liabilities to Syria are reported annually and appear in
Section IV, Table 5, in the April Issue of the "Treasury Bulletin.
50
52
1,137,444
2,232,267
1
1,919,923
180,592
131,752
2
August
WH
73
.CAPITAL M0VB4EHTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of May 31, 1958
(Position la taomand* of dollar*)
Short -tarm olalma payable la dollar*
Total
ehort-tara
Countrv
claim*
Total
Collaotlaaa
outstanding
far ova
acoount and
Foreign
offlolal
lnatltutlo
tlo
Jurop*:
Aoatrla
Belgium
5,090
34 ,875
2
7,435
5,323
C t eoho* loTmJr 1 •
Mm
5,081
163
,250
2
7,282
2,3*>6
22
15,580
1,093
9,173
18
33
5,323
261*
38
3,058
1,005
92,08li
3,1*22
8,61*6
2,711
11,81.9
2,1*65
53
19,335
3,867
31*
2
93,091
138 ,190
8,738
45,291
U,788
•tharlaada
1*6,227
45,428
2,385
15,350
3,359
larvaj.
Poland..
Portugal.
Rumania..
Spain
23 ,644
23 ,1*07
567
",539
1,515
**,539
48,714
Sweden
Sri tier land.
Turkey
0.3.3J)
United Klngda
Tugoalarla. .
Othar luropo.
1,323
3,987
3,367
Total lurop*.
686,290
229, U96
QarmenT. F*d»r*l Republic of.
Gr**o*
Italy
.
99,01*2
8,737
3,163
9,17*.
20,01*1
15,112
1,371
11*
5,136
912
94
1,952
3,102
1,238
1*8,139
26,81*3
2,615
802
17,661
26,556
80,747
17,211
20,852
398
93,342
3**,
,811*
2,1*85
11,11*2
80,71*2
76,936
11*
5,102
3,980
3,792
772
15,896
1,9"*7
14,075
1,291*
l*
1*22
1,611*
1,250
1,116
577,711
161,887
70,065
179,131
30,686
103 ,289
22,020
21,991*
6,568
2,61*3
3,183
201,707
3,181
93
139
201,1*95
1*9,765
67,677
19,019
11,296
ll»,079
16,367
2,683
79,350
6
31
79,296
355
18,811
37,857
20
2,260
12,816
1*, 527
1*
Latin America!
Argentina.
Bolivia
. .
BratU
Call*
Colombia
Cuba
Dominican Republic
lllllllll
Maxloo
letaerlande Wast India* and Surinam
1>9,770
,
,
,
82,956
82,950
122,822
11,441
8,637
256,644
2,692
122,527
18,812
37,879
Total Latin America.
11,1*1*1
8,631*
251*, 1*15
7,281*
6,1*1*5
1*68
1,010
51,380
872
5,651*
5,651*
1.2
1.08
36,918
15,072
15,220
i*,517
m,925
36,910
11*3, 081
50,1*98
50,1*65
3,291*
17,01.3
1,055,558
1,051,863
299,599
175,138
2, li 75
2,1*75
7,21*2
2,1*75
2,91*0
183
7,212
6,029
182
28,998
28,788
212
51
19 ,261
3,337
109,635
51**
223,512
1,641
44,850
19,261
222,661
1,636
44,844
5, 1*79
5,1*79
5,1*19
2
15,781
10,261
93,3H*
11.
1,428
7,173
35,110
Aala:
China Mainland
Hong Kong
India
Indonesia
Iran
Iarael
Japan
Korea, Republic of.
Philippines
Taiwan
6,167
320
951
9
U.105
305
1*3,521
Thailand
Other Aala
109,1*36
15,781
109,351
Total Aala
1*65,025
1*63,699
271,739
12,633
8,032
11,380
8,024
2,238
35,976
2,01*0
1,076
38
1,218
28,673
99
Other countries:
Auatralla
Belgian Congo
EgJPt i/
Union of South Africa.
All other
Total other countries.
It
14,412
35,881
13,583
1,1*22
1,935
505
33
1,853
73,291
70,908
32,1*27
i»,330
2,509,660
2,31*3,312
796,338
359,995
International.
Treasury Bulletin
7*
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during May 1958
(In thousand* of dollars)
August 1958
75
.CUMULATIVE TABLE OF CONTENTS.
September 1957 through August 1958
Issue and page number
1957
Sept.
Oct.
1958
Nov.
Dec
Jan.
Feb.
Mar
Apr.
May
June
Reporting bases
Articles:
Treasury financing operations
Summary of Federal fiscal operations
Budget receipts and expenditures:
Receipts by principal sources
Expenditures by agencies
Summary of appropriations and authorizations, expenditures,
and balances by agencies
Expenditures and balances by functions
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies In public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Survivors Insurance Trust Fund
unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date June 30, 1958)
6
6
7
8
9
9
10
11
10
12
12
11
12
12
13
13
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account...
11
11
11
11
15
15
il
15
11
15
16
11
11
16
12
13
13
12
13
13
16
17
17
12
12
13
13
US
12
17
17
13
13
1U
lit
18
1U
V,
18
1*
19
19
23
16
17
16
17
20
21
16
18
18
19
19
20
18
18
19
19
22
22
23
23
18
18
19
19
20
2l»
20
80
26
28
29
22
2U
25
22
85
25
26
26
13
13
Account of the Treasurer of the united States:
Status of the Account of the Treasurer of the united States
Analysis of changes in tax and loan account balances
17
Debt outs tanding:
Summary of Federal securities
Intereet -bearing public debt
Special issues to U. S. Government investment accounts
Computed interest charge and rate on Federal securities
Treasury holdings of securities issued by Government agencies
16
16
17
17
18
16
16
17
17
18
Statutory debt limitation
20
20
21
21
22
2U
18
L8
if
18
19
19
19
19
20
25
Debt ope rations
Maturity schedule of interest-bearing public marketable securities
Issued by the U. S. Government
Offerings of Treasury bills
Summary of new money financing through Treasury bills
Offerings of marketable Issues of Treasury bonds, notes, and
certificates of Indebtedness
Allotments by investor classes on subscriptions for marketable
issues of Treasury bonds, notes, and certificates of Indebtedness
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of Indebtedness
21
21
23
23
25
27
,
,
22
22
2U
25
2fc
25
22
2U
2U
21)
28
26
26
30
26
26
26
30
29
29
33
29
29
29
27
28
32
31
31
35
31
31
31
29
29
30
30
31
3"t
33
33
33
33
38
38
34
3"»
3">
3".
3*
3k
30
3*
3"»
39
32
33
36
36
111
35
37
35
37
37
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all aeries comblnsd
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined...,
Sales by States, Series E and H combined
3*
35
37
38
(Continued on following page)
1(2
"»3
35
July
Aug
Treasury Bulletin
76
.CUMULATIVE TABLt OF COHTEWTS.
September 1057 through August 1958
-
(Continued)
Issue and page number
1958
1957
Sept.
Oct.
Not
Mar.
Apr
May
July
Ownership of Federal securities:
Distribution by classes of Investors and types of Issues
Net market purchases or sales for Investment accounts handled by
the Treasury
Estimated ownership
33
3k
38
38
k3
38
39
38
kk
k5
38
39
38
39
k3
kk
38
39
ko
39
k6
ko
ko
k5
ko
kl
kk
k6
k9
51
kk
k6
k5
k7
k7
k8
52
53
k7
k8
k8
k9
k9
50
5k
55
k9
50
50
51
39
37
37
33
3k
3k
35
39
uo
37
38
Treasury survey of ownership of Federal securities:
Ownership by banks, Insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31. 1957)
35
36
kl
3*
Market quotations:
End-of -month closing quotations on Treasury securities by Issues....
Chart - Yields of Treasury securities
k3
ko
•5
k2
k6
U3
37
39
kk
39
k3
k5
k3
50
k5
52
k6
U7
l>6
53
k7
5k
Ufr.
I18
kg
kg
55
56
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
k7
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources
Detail of collections by type of tax
Detail of excise tax collections
k8
kg
50
51
k5
k6
k7
52
53
53
5k
k8
k9
k9
50
51
50
53
5k
51
55
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage on silver
Increment from reduction in weight of gold dollar (latest date
June 30, 1958)
55
53
5k
5E
53
50
51
5k
55
53
5k
51
52
56
55
53
57
58
58
59
60
57
58
56
59
60
51
52
52
53
5k
56
57
57
58
59
56
60
57
58
61
60
62
61
53
5k
5k
55
56
52
53
53
5k
55
59
Exchange Stabilization Fund (latest date March 31, 1958):
Balance ehee t
Income and expense
Netlonal bank reports:
Earnings, expenses, and dividends for calendar years 1953-57
57
Capital movements between the United States and foreign countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonflnanclal concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and International Institutions
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
56
59
63
6k
65
52
55
59
02
56
59
60
66
67
63
6k
61
68,
62
59
65
'06
«
67
68
-7
5k
57
61
62
63
6k
63
66
70
71
61
55
6k
58
62
65
68
69
62
63
69
70
70
6k
65
66
68
66
86
67
65
66
69
72
75
68
56
59
'68
71
Corporations and certain other business-type activities:
Statements of financial condition (latest date March 31, 1958)
Income and expense (latest date December 31, 1957)
Source and application of funds (latest date December 31, 1957)
58
61
65
66
73
91
63
6k
TREASURY DEPARTMENT
ISCAL SERVICE,
BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, D.C.
OFFICIAL BUSINESS
^"-Sk.
Treas.
U.S. Treasury Dept.
HJ
10
Treasury Bulletin
.A2
1958
c.2
@FedFRASER