Full text of Treasury Bulletin : August 1961
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TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU Of ACCOUNTS
OFFICE Of THE COMMISSIONER
WASHINGTON 25. D C-
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
STATES
SAVINGS
BONDS
P()r
TREASURY DE^
RUGUST-iaBI
UNITED STRTES TREnSURV DEPARTMENT
OFFICE DP THE SECRETRRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $b.00 domestic, $7,50 foreign.
Single copy price varies
August 1961
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
9
Cash Income and outgo
19
Account of the Treasurer of the United States....
25
Debt outstanding
27
Statutory debt limitation
32
Public debt operations
33
United States savings bonds
53
Ownership of Federal securities
59
Treasury survey of ovmerehip of Federal
securities
6I
Market quotations on Treasury securities
65
Average yields of long-term bonds
68
Internal revenue collections
JO
Monetary statistics
72
Exchange Stabilization Fund
jS
International financial statistics
7^
Capital movements
79
Cumulative table of contents
89
Note: Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
Treasury Bulletin
II
Reporting Bases
Data on reoeipts, (xpendltureB, and d«bt whloh
appear In the 'Treasury Bulletin" are based largely
Included on an accrtial basis beginning with figures
for June 1955 ^^^ t^^* fiscal year 1955- Prior to
that. It was Included on a due and payable basis.
on two Treasury financial reports, the "Dally Statement of the United States Treasury' and the 'Monthly
Statement of Receipts and Expenditures of the United
The sane reporting basis as that In the monthly
statement provides the fiscal year figures for the
Certain monetary statistics are
Treasury's 'Combined Statement of Reoeipts, Expend-
States Qovernment.
"
based at least In part on the "Circulation Statement
itures and Balances of the United States Oovernnent'
Where these statements are
and for actual receipts and expenditures In the
of United States Money."
given as sources for Individual tables, they are
cited by name only.
Their respective reporting
"Budget of the United States Qovernment.
Bulletin, Information on sources or reporting bases
Beginning with the final statement for the
fiscal year i960, the monthly statement reports
totals for net budget receipts and budget expend-
ie given In connection with the tables themselves.
itures after deduction of certain Interfund transac-
bases are described below.
For other data In the
The monthly statement of receipts and expenditures was first published for February 13^^, and re-
placed
t;.e
dally statement as the primary source of
Information on tudget results and other receipt and
expenditure data classified by type of account. At
the same time,
the dally statement was changed to a
statement of cash deposits and withdrawals affecting
tions whloh are Included In the detail of both budget
The transactions
deducted consist of Interest payments and minor
reoeipts and budget expenditures.
amounts of certain other payments made by Qovernment
agencies to the Treasury. This reporting change
was made In accordance with the plan stated In the
President's Budget Message of January 18, i960.
It
the account of the Treasurer of the United States.
Both publications have provided comparative figures
does not affect the surplus or deficit.
on their respective bases from the beginning of the
revised to the new reporting basis In the September
i960 lesue. The Interfund transactions deducted
under thle procedure do not Include payments to the
The announcement of February 17,
with respect to these reporting changes may be
fiscal year 1953.
195!^,
found In the April
195't
Issue of the Bulletin.
The monthly statement shows all reoeipts and
expenditures of the Qovernment, Including those made
from cash accounts held outside the United States
The Information Is compiled from reports
Treasury.
by the Treasurer of the United States and by all
other collecting and disbursing agencies. Including
those agencies which maintain checking accounts In
commercial banks. These reoorts cover transactions
recorded In the accounts of the agencies during the
The net of the transactions as
compiled from these reports le reconciled In the
monthly statement to changes In the balance In the
Treasurer's account and In cash held outside the
reporting period.
Figures for
earlier periods shown In the Treasury Bulletin were
Treasury by wholly owned Qovernment oorporatlone
for retirement of their capital stock and for disposition of earnings. These capital transfers have
been excluded currently from budget reoeipts and
budget expenditures beginning July 1, \S^6, and
figures for prior flsoal years back through 1932
were revised accordingly at that time.
The dally statement on the new basis was first
Issued for February 17, 195'''> 1° ^^^ deposits and
withdrawals as shown, no distinction Is made as to
the type of accounts (txjdget, trust, etc.
).
The de-
posits arc on the basis of certificates of deposit
cleared through the account of the Treasurer of the
United States.
Total withdrawals are on the basis
Treasurer's account and changes In the public debt
of checks paid or cash dlstursemente made out of the
outstanding.
Treasurer's account.
Some of the withdrawal classi-
fications shown are reported on the basis cf mailed
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, except
interest on the public debt, are Reported on the
basis of checks Issued or cash payments made by
disbursing officers. Transactions of an Interfund
or Intragovernmental nature are Included on the
same basis even though the actual Issuance of checks
may not be Involved.
Interest on the public debt Is
reports of checks Issued and are adjusted by means
of clearing accounts to the total of checks paid.
Except for relatively minor amounts,
noncash Inter-
fund and other Intragovernmental transactions are
excluded. The public debt figures In the dally
statement also are on a 'clearance' basis, wltn the
exception of thoee Issuance and retirement transactions reported on the basis of telegrams from Federal
Reserve Banks. Noncash debt transactions are Included, however.
August 1961
Reporting Bases
The dally statement before February 17,
195'^,
covered not only traneaotlone cleared through the
Treaaurer'e account but also certain Qovernment
agency transactions which were handled through
connerclal bank accounts, and Included noncash inter-
fund and other Intragovernmental transactions. It
provided Information similar to that In the present
dally statement with respect to the status of the
Treasurer's account, and similar to that In the
present end-of-month dally statement with respect
-
(Continued)
made through the facilities of the Treasury Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally
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 as reported by
the agencies.
Interest on the public debt was in-
to debt Issuance, retirement, and amount outstanding.
cluded on a due and payable basis beginning with
November igl+g and on a ohecks-pald basis prior to
Reoelpte and expenditures, however, were classified
that time.
by type of account, and the budget results shown In
the dally statement were used as the basis for re-
flecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis uf deposits as they
cleared the Treasurer's account.
Expenditures
cleared through the Treasurer's account were reported
on two successive bases.
Through
l<)k(>
they were
on the basis of checks paid by the Treasurer of the
United States.
Beginning with l^^J
,
expenditures
The circulation statement reflects transactions throxagh the Treasurer's account which affect
monetary stocks of gold and silver and the amounts
of coin and currency In the money supply of the
country.
It Is issued later than the dally state-
ment, however,
and the figures are based on transactions consummated during the reporting period
even through some may not have cleared the Treasurer's account during that period.
August 1961
Treasury Financing Operations
Weekly Bills Increased
Issues of regular weekly Treasury bills during July totaled
$6.'4-
billion,
refunding the total of I6.3 billion of bills maturing
and providing |0.1 billion of cash.
From January through July I961
(excluding $l.g billion "strip" bills Issued for cash on June 1^,
1961),
the Treasury has raised $1.1 billion by increasing certain
weekly Issues.
The four new 13-week bills amounted to $h.k billion
and the four new 26-week bills to t2.0 billion consisting of respective weekly issues of $1.1 billion and tO.5 billion.
With the exception of the new 13-week bills dated July I3, which
are for 92 days,
rities.
the new securities carry 91-day and lS2-day matu-
Average rates of discount on the new bills were as follows:
13- week
(Additional amount of bills of
original maturity of 26 weeks)
Atujust 1961
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Treasury Bulletin
.BUICET EECEIPTS AND EXPENDITURES.
Table I.- Receipts by Principal Sources
(In millions of dollars)
August 1961
.BUEGET RECEIPTS AND EXPENDITURES.
Table 2.- Detail of Mlscel laneoue Receipts by Major CategorleB
(In millions of dollars)
riscal year
or month
Treasury BaUetin
BUBCET RECEIPTS AND EXFBMDITURES
.
Table 3.- Expenditures by Agencies
August 1961
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
.
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of June 30, 1961 (Preliminary) i
(In millions of dollars; negative figures are deductions in ihe columns in which they appear)
Agency
Additions, fiscal year 1961
Unexpended
balances
brought
forward
July 1, 1960
2/
Increase
Appropriations
y
Authorizations
to expend from
debt receipts
Transfers,
borrowings
investments
Other
authorizations
2/
v
126
140
3
52
72
127
-13
Legislative Branch
The Judiciary
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
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Just ice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
2,935
13,902
296
8,937
3,716
^69
2,639
10,648
514
345
6,639
535
30,660
2,270
369
41,320
1,800
976
41,320
1,800
976
1,225
3,993
823
3,993
826
Total
Total budget expenditures.
15
9
514
1
5,153
7,421
842
2,205
5
7
297
297
81
1,059
926
300
10,074
81
1,059
926
300
10,074
81
72,260
83,234
6,296
Expenditures
Deduct interest and other payments by Government agencies to
Treasury included above which are also Included in budget
receipts
2,603
777
300
2,639
10,829
27
Agency
Total.
200
11
373
92
Deductions,
year 1961
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Heme Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Just ice Department
Labor Department
Post Of f ice Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
52
72
Rescissions,
cancellations,
and other
adjustments 8/
70
,945
85
8
891
6
3,917
416
295
850
438
31
28,732
2,609
364
-11
1,532
361
39
240
370
134
370
111
498
,207
,446
Undisbursed
appropriations
79
4
50
3,446
52
387
498
89,301
Unexpended balances June 30, 1961 (Frelimlnary)
134
,808
,280
2,186
3,881
971
11
,685
801
284
831
929
258
.032
50
Unused authorizations to
expend from
debt receipts
-9
-15
-1
Unfunded
contract
authorisations
Investments
held
1/
Total i/
2/
113
4
50
3,781
335
9,830
119
509
7,971
4,290
300
3,593
46
74
842
U,374
416
12,701
5,185
812
28,732
2,609
374
I
-II
1,533
85
447
39
240
370
134
6,334
5,965
lU
-25 12/
82,152
1,034
44,371
3,952
1,351
78,375
649
81,503
Source:
Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts reports "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
They
1/ These preliminary figures are the latest available at this time.
are based on preliminary reports from the agencies and are subject to
later adjustments as additional information is received, preparatory
to the closing of the central accounts In the Treasxiry for fiscal
year 1961. Among the areas subject to later adjustment are the
following: certain overseas transactions not yet Included; the writeoffs or withdrawals of obligated balances no longer available,
since agency reports covering these transactions are not required by
law to be submitted until September 30 (the write-offs in the fiscal
year 1960 amounted to $669 million); certain Indefinite appropriations
included on the basis of Budget estimates Instead of final figures;
other transactions, including those relating to (a) authorizations to expend from debt receipts, (b) restorations and reappropriatlons, which may require adjustment on the basis of
final reports from the agencies.
Includes same categories as shown at end of current period.
Although not expended, a substantial portion of these amounts
is obligated for outstanding purchase orders and contracts for
equipaent and supplies, for payrolls, and for similar items.
i/ Includes reapproprlations.
Consists of authorizations by law for Government-owned enterprises to borrow (1) from the Treasury (to expend from public
debt receipts), or (2) from the public (to expend from debt
receipts).
Remaining footnotes on page 8.
Afu^ust 1961
Table 6,- Expenditures
(Fiscal years;
Treasury Bulletin
-BUDGET RECEIPTS AND KXPENDITURES
Tab^le 6.-
Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
(Continued)
..
.
.
.
.
...
August 1961
,
TRUST ACCOUNT AND OTHIB TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In mllllona of dollars)
Trust and deposit fund accounts
Net receipts, or
Fiscal year
or month
expenditures (-),
from trust account
and other transactions
Excess of
receipts, or
expenditures (-)
19H
1955
1956
1957
633
-329
-50
-559
1958
1959
1960
1961 p
1962 (Zet.).
1960-July
August
September.
October.
November.
December.
.
1961-January.
..
Febmary.,
Uarch
securities
M,359
16,319
16,950
20,534 i/
23,792
16,057
18,461
20,893 i/
23,182
-1,0W
25,131
26,145
616
-1,083
245
23
-694
24
659
-310
148
21
88
46
-185
712
-629
-1,080
638
-119
858
2,684
1,939
1,938 i/
2,046
2,059
868
65
-423
-87
24
49
29
-686
1,544
655
1,539
3,577
2,975
2,225 i/
2,033
2,320
842
-1,409
-655
-132
-86
29
ability
Ins.
Trust
Fund
1953....
1954...
1955...
1956...
1957.
4,516
5,080
5,586
7,003
7,159
339
1958...
1959. .
1960...
1961 p.
7,900
8,182
10,439
11,910
943
938
1,071
1,093
1962 (Est.).
12,299
1,136
.
1961-January.
February..
.
Uarch
April.
Uay
June p.
5/
1,681
1,754
1,815
Fed. Dis-
.
71
1,081
2,344
1,399
V
V
Railroad
Retirement
Account
27
S
Government-sponsored
Effective July 1, 1955, security transactions of
(net)
enterprises are included in deposit fund account expenditures
in public debt
and excluded from net investment by Government agencies
obligations
of
sale
or
redemption
securities (see Table 4) and from net
Figures for 1955
of Government agencies in the market (see Table 5).
have been revised to the new classification basis.
Table
4).
(see
Includes guaranteed securities beginning 1955
advances from
Adjusted for reclassification of certain repayments of
the general fund.
source note above, deIn the President's messages referred to in the
Preliminary.
p
tailed estimates tor these items were not included.
(In millions of dollars)
October.
November
December.
-436
-600
590
-416
Table 2.- Trust Account Receipts
348
1,611
693
-7M
80
368
-221
receipts and
Actual figures are from the monthly statement of
reporting bases,
expenditures of the Government (for explanation of
messages of the President
see page II >! estimates are based on budget
of the Director
dated March 24 and Uarch 28, 1961, and the Statement
Economic Committee on
of the Bureau of the Budget before the Joint
nation of July
March 27, 1961, and on the President's report to the
budgetary amendments submitted
25, 1961 on the Berlin crisis, and his
to the Congress on July 26, 1961.
both receipts
Certain intertnist fund transactions are excluded from
issue of the Bulletin.
and expenditures beginning with the July 1961
For detail see Table 6.
1960-July
August ....
September.
567
1,023
-733
1,047
2,968
1,380
Source-
.
-197
1,112
-734
1,209
-392
June p.
FOASI
Trust
Fund
-25
-4
602 2/
173
1,085
262
-1,511
-359
610
8,922
9,137
9,521
11,673
-95
-567
-124
Uay
Fiscal year
or month
-3,301
-2,054
-1,362 2/
-2,617
-2,300
Net sale, or redemption
(-), of securities of
Government agencies in the
markBt
1,780
1,759
1,772
J^jril.
1/
V
(-), by Qoverranent
agencies In public debt
5,162
6,751
8,530 2/
9,423
12,950
3,760
2,386
991 2/
2,250
1,409
435
328
231
-194
195
1953
Net sale, or Investment
Net
expenditures
Net
receipts
Treasury Bulletin
10
TRUST ACCOUHT AMD OTHKR TRANSACTIOKS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
August 1961
IX
.
TRUST ACCOUNT AMD OTHER TRAHSACTIOMS
,
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total
trust
accounts
Federal
Old- Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Ifti employment
trust
Fund
National
Service
Life
Insurance
Fund
Ooverrmient
12
Treasury Bulletin
.TRUST ACCOUNT AND OTHHl TOANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In mllllonB of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
19H
Federa
Housing
Administration
-29
37
-30
-33
-7
-30
37
-30
-33
-72/
25
1953
Federal
Fann
Mortgage
Corporation
1957
-602 i/
-173
-1,085
1958
1959
1960
1961 p
-567
-71
-1,023
733
6
-10
-29
-100
6
-10
-28
-81
-23
69^
-2A
6
-23
-4
2
6
-3
1955
1956
1962 (Est
1960- July
August ...
September
October.
November
December.
1961-January.
February,
March.
.
.
April
May
June p
Owners'
Loan
Corpo-
D. C.
Total not
guaranteed
stadium
fund
ration
32
33
Federal
Intermediate
credit
banks 1/
-573
-61
-994
833
-573
-61
-994
833
6
-3
-4
-28
716
-19
-28
716
-19
2
6
-3
-23
-94
-43
-23
-94
-43
-5
-36
-15
-5
-36
-15
-23
27
102
-23
27
102
-8
-6
-15
-8
-6
-15
Federal
National
Mortgage
Association 2/
Hme
Owners'
Loan
Corporation
65
44
-69
-44
136
65
44
-639
-144
-1,052
-639 i/
-144
-1,052
-19
Public enterprise funds
Total
public
and trust
enterprise
funds
-233
6
i/
)
.
Ifcme
Securities not guaranteed by the United States
Trust
enterprise
fund
,
-27
-8
87
132
86
.
-29
.
140
92
140
-U
-U
Trust enterprise funds
4
92
Securities not guaranteed by the United States
Public enterprise
funds - (Cont
793
-
(Continued)
Government- sponsored enterprises
.
Fiscal year
or month
Tennessee
Valley
Authority
Federal
Intermediate
credit
banks 1/
Federal
National
Mortgage
Association
6/
Total
Governmentsponsored
enterprises
1953
1954
-33
-11
1955
1956
1957
1958
-.;69
-238
-225
1959
58
Banks
for
cooperatives
Federal
hooe
loan
banks
Federal
Intermediate
credit
banks 1/
Federal
land
banks
-45
-146
12
136
Memorandum
1%0
-872
-86
167
-1,222
-723
-196
-50
1961 p
1962 (Est.
-100
-950
-115
-125
-994
)
10
-23
-46
-20
-86
-46
-226
-588
-53
-261
191
-230
-52
282
-554
-284
200
-16
105
5
-100
-43
»
73
76
-18
62
-34
-340
-144
-124
-95
-242
-250
-220
y
1960- July
August
September
-28
-76
-23
-63
-22
95
October.
November.
December.
-23
-44
-43
-113
77
10
-43
1961-JanuBry.
February.
-23
27
169
135
*
149
17
3
171
March
102
72
lU
-40
-42
April
140
92
-129
-208
-219
-138
-100
.
.
.
May
June p.
.
Source:
See Table 1.
1/ Classified as a public enterprise fund prior to January 1, 1957;
as a trust enterprise fund January 1, 1957, to January 1, 1959;
and as a Government-sponsored enterprise thereafter.
2/ Management and liquidating functions.
-M
2/
^
^
^
»
-47
-24
12
20
-71
-71
-62
1
-72
1
-77
Total Includes redemption of |558 thousand for Coomodity Credit
Corporation, a public enterprise fund.
Beginning 1955 excludes net transactions of Government- sponsored
enterprises (see Table 3).
See Table 1, footnote 5.
Secondary market operations.
Preliminary.
Less than 1500,000. P
\agust 1961
13
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 6.- Intertruet Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(in millions of dollars)
Fiscal year
or month
Federal
Old- Age and
Survivors
Insiirance
Trust Fund
V
Federal Disability
Insurance
Trust
Fund 1/ 2/
1953
1954
1955
1956
1957
Railroad
Retirement
Account
UnenK
ployment
Trust
Fund i/
124
600
332
1962 (Est.)...
318
1960-July
August
September
^
District
of
Columbia
12
2
2
10
3
7
3
5
1958
1959
1960
1961 p
Federal
employees'
retirement
funds
3
132
10
11
135
908
12
515
98
10
538
10
16
26
9
1
16
6
1
October.
November.
December.
21
16
1
1
1961-January.
February.
March.
.
.
. .
April
June p.
1
2
19
3
2
2/
^
20
1
1
332
See Table 1.
Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
Includes temporary advances to the Railroad Unemployment
13
Source:
1/
17
17
20
13
.
22
*
10
May
7
18
16
12
10
86
32
9
10
211
^
V
i/
6/
•
2
5
11
15
352
Insurance Account in the Unemployment Trust Fund when the balance
in the account Is insufficient to meet payments of benefits and
refunds due or to become due.
Repayment of advances plus Interest to the Railroad Retirement
Account. See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund
to the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions
from employees' salaries to the Civil Service Retirement and
Disability Fund.
Preliminary.
Less than *500,000.
P
Ik
August 1961
15
.
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
DeposApproits by
rlatlons
States
2/
year or
month
V
338.6
942.5
938.5
1,071.3
333.3
862.9
846.7
938.7
1961p
1,093.0
962.8
1962 (Est.)
1,136.0
1957
1958
1959
1960
8/
Expenditures other than Investments
Payments
from
Railroad
Retirement
Account 2/
3.9
1.4
,63.5
16.1
58.1
58.1
33.7
47.6
68.7
8/
61.5
8/
8/
30.1
147.9
61.8
29.9
128.0
61.1
18.9
31.8
.1
14.6
62.9
31.1
101.7
36.5
.3
26.1
21.6
120.1
112.2
13.3
March
21.9
134.6
112.8
April
May
June p
62.9
173.3
135.7
62.3
156.4
101.8
16.0
4.5
4,383.9
3,944.3
252.4
1960-July
August
September.
October.
November.
December
.
,
,
.
,
1961- January. .
February.
.
1957 to datep
.
..
117'.
4
26.8
704.0
9.5
8/
50.6
48.7
86.1
50.3
48.4
51.8
61.6
72.4
68.4
61.4
62.6
68.2
70.9
73.3
79.1
70.6
73.0
73.7
1,87^.5
1,739.9
.2
160.3
Railroad
Retirement
Account 2/
755.8
992.4
.6
.4
to
taxes
i/
9.8
9.8
1.1
.1
of
168.4
339.2
528.3
46.8
47.9
49.4
.9
.4
Refunds
1.3
180.8
370.8
570.7
47.0
48.1
49.7
.1
.4
Benefit
pay-
investments
Payments
Source:
See Table 1.
1/ For basis, see "Budget Receipts and Expenditures," Table 1, footnote 10,
2/ To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
See Table 9
Reimbursement to general fund (42 U.S.C. 401 (g) (2)).
For appropriate share of administrative expenses paid from the
FQASI
Trust
Fund
General
fund
V 6/
in
Unexpended
balance
2/
325.4
1,054.5
1,606.9
2,100.9
11.9
44.5
59.7
66.4
337.2
2,504.4
2,385.6
118.8
-17.0
99.8
12.2
2,150.2
2,250.0
2,262.2
2,090.5
2,169.1
2,194.9
59.8
80.9
67.3
-18.8
68.7
-23.3
2,243.4
2,312.1
2,288.8
2,179.6
2,200.4
2,179.9
63.8
J11.7
108.9
-39.7
62.3
44.4
2,249.1
2,311.4
2,355.7
2,164.1
2,178.7
2,269.9
85.0
132.7
85.8
.3
.3
-7.9
100.0
56.6
2,347.8
2,447.8
2,504.4
2,234.6
2,337.4
2,385.6
83.2
110.4
118.8
U.4
2,504.4
2,504.4
2,385.6
118.8
34.1
U3.7
8/
.3
.3
34.1
.3
.3
.3
9.5
.3
.3
91.0
trust fund during the preceding fiscal year, as determined by the
Secretary of Health, Education, and Welfare (42 U.S.C. 401 (g)
Payments include interest.
(1)).
For amounts paid from the general fund (42 U.S.C. 401 (g) (1)).
Includes unappropriated receipts.
See Table 1, footnote 5
Less than 150,000.
Preliminary.
p
Table 9.- Railroad Retirement Account
(In millions of dollars)
(-),
Investments
337.3
1,099.0
1,666.6
2,167.2
.3
8/
»
crease,
or
decrease
337.3
761.7
567.6
500.6
1.3
3.0
3.9
3.1
.3
.3
6/
2/
in-
assets
9.4
18.0
29.5
5.1
Assets, end of period
Net
Administrative:
Reimbursement to-
.
16
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 10.- Unemployment Trust Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Employment security program
State
accounts
Fiscal
year
or month
1936-52....
1953
1954
1955
1956
1957.
1958..
1959..
I960..
1961p.
Railroad unemployment insurance
Employment Security Admin.
Account 2/
Railroad Unemployment
Insurance Account 6/
Federa
Un-
Advances employfrom
ment
Deposits
Approgeneral Account
by
priations
fund
States
2/
Federal
Extended
Compensation
Account
1,371.1
1,246.0
1,912.0
1,855.5
1,997.4
2,703.3
3,804.0
1,541.7
1,500.7
1,700.6
2,167.0
2,396.7
Advances from
Transfers
Deposits
from
by R. R, R. R.
Retire- Retire, General administration
ment
ment
fund
fund
Board
Account
2/
2/
917.0
15.0
17.8
1,U6.2
U.2
64.3
167.8
1,330.1
27.6
71.2
33.5
2.6
346.6
498.1
51.5
2^
71.1
90.4
102.0
153.0
152.7
.
4,060.1
1960- July.
Aug..
Sept.
131.0
606.6
54.5
121.4
577.6
15.6
Oct..
Nov..
1U.5
79,2
355.2
17.3
.5
.9
.7
.8
9.8
28.7
.7
5.4
1962 (Est
Dec.
383.9
138.7
12/
12/
12/
iS/
10.5
28.2
126.2
544.4
76.3
74.2
33.3
227.3
22.2
289.1
14.7
April
135.7
723.2
47.8
1.9
2.3
June p
289.6
867.4
470.9
1.1
8.0
43.5
1936 to
date p 14/
37,723.0
30,848.4
346.6
51.5
llay..
12/
.7
1961-Jan.
Feb..
Usr..
31.7
339.3
Deposite
by R. R.
Retirement
Board
Qnployment
security program
Interest
and
profits
on
investments
State
accounts
1/
183.7
132.3
1,653.1
202.8
224.4
199.1
198.9
10,535.9
1,009.8
1,744.9
1,392.6
9,920.9
912.6
1,604.8
1,759.5
1,287.0
3.2
224.8
230.9
186.9
188.1
204.5
1,643.9
3,148.0
3,053.9
2,736.4
4,736.1
1,510.7
2,926.4
2,796.9
2,366.3
3,558.1
13.0
12/
13/
8.6
16.5
5.5
i2/
7.4
15.4
498.1
1,561.0
316.1
i2/
2U.8
12.7
1.3
90.3
220.6
255.9
321.9
199.3
232.2
296.8
«
.5
.3
1.9
2.5
447.5
426.4
504.3
417.4
399.8
475.2
»
.6
1.6
1.3
4.2
30.6
4,247.3
1.4
1.5
.6
1.6
17.4
20.4
3.5
1,%5.4
191.4
233.2
244.4
.2
21.2
16.4
120.0
110.0
268.1
iV
85.3
4.9
4.2
1.6
3.6
7.9
8.9
8.6
1.8
Anployment
Security
Admin.
Account
2/
Withdrawals
by
States
s/
19,209.91^6,447.3
1,593.8
1,492.5
1,425.4
1,728.1
Admin,
fund 10/
Qntnts
to
States
a/
180.2
199.9
8.0
.1
15.1
.2
5.0
1.7
4.1
73.0
770.2
535.4
584.9
340.3
359.7
242.5
287.1
49.3
38.5
25.4
3,513.5
31,979.4
28,655.6
375.0
13.0
102.9
August i96l
17
TRUST ACCOUST AMD OTHER TRANSACTIONS
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
Premiums and
other receipts
11,229.0
636.6
619.3
590.5
649.3
5,511.1
397.7
390.8
405.5
410.2
1958..
1959.
I960..
196lp.
607.5
639.8
634.3
642.5
669.1
424.8
459.1
453.4
459.9
485.5
1962 (Est.).
719.8
1941-52.
1953
1954
1955
1956
1957.
1960-July
August ....
September
October
November
December
.
.
.
.
1961-January.
February.
.
Uarch
y^rll.
May....
June p.
1941 to date p
Transfers from
general fund
,406.9
84.0
72.1
27.8
78.4
19.3
U.4
12.2
10.3
8.2
Interest on
Investments
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622.6
537.8
512.0
163.4
166.2
168.8
172.4
175.4
515.0
543.6
562.1
581.6
709.3
2,577.3
434.2
3,396.0
153.8
177.8
4U.7
382.9
154.9
512.0
Assets, end of period
Investments
Unexpended
balance
5,255.6
48.7
-3.3
52.6
137.3
5,255.6
5,304.3
5,301.0
5,353.7
5,491.0
5,190.6
5,249.5
5,272.5
5,345.6
5,481.1
65.0
54.8
28.5
8.0
9.9
515.0
543.6
562.1
581.6
709.3
92.5
96.2
72.3
61.0
-40.2
5,583.5
5,679.7
5,751.9
5,813.0
5,772.8
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
13.2
496.3
496.3
223.5
47.3
47.7
45.6
47.3
47.7
45.6
-8.1
-5.9
-7.6
5,804.9
5,799.0
5,791.3
5,798.1
5,790.1
5,779.1
46.9
46.0
44.1
46.9
46.0
44.1
-8.2
-7.7
-4.3
5,783.2
5,775.5
5,771.2
5,769.1
5,767.1
5,760.1
49.9
83.2
149.1
49.9
83.2
U9.1
-2.4
-41.2
-102.3
5,768.7
5,727.5
5,625.2
5,754.1
5,650.1
5,618.6
77.4
6.6
39.7
38.0
71.8
39.7
38.0
71.8
-1.2
3.8
172.1
W4.9
5,624.0
5,627.9
5,772.8
5,619.6
5,621.6
5,759.4
4.5
6.3
13.4
2,786.4
11,M5.2
11,U5.2
5,772.8
5,772.8
5,759.4
13.4
1/
39.2
41.8
38.0
41.2
37.2
.1
38.7
38.3
39.8
38.1
37.5
39.0
.1
47.5
42.0
46.8
47.0
38.5
41.8
216.7
37.7
41.0
43.9
16,918.0
9,397.9
38.5
39.2
45.2
.1
.1
4,733.7
Benefits
Special
and refunds dividends
Net increase,
or decrease
(-), In
assets
See Table 1.
Note;
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 805).
Source:
]/
»
p
U.4
10.4
9.9
13.4
6.8
8.9
12.3
U.l
8.4
11.1
U.6
See Table 1, footnote 5.
Less than 150,000.
Preliminary.
Footnotes to Table 10.- (Continued)
^
'y
i/
b/
u
State uneinployment funds; used for benefits payments mainly.
Established by the Employment Security Act of I960, approved September
13, I960 174 Stat. 970), Into which are deposited tax receipts tran&ferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 12) and from which are paid the
administrative expenses of the employment seoxrrlty program and
reimbursement for tax refunds. Previously the corresponding amounts
were included, respectively, in budget receipts and budget expenditures,
and only the eicegs of receipts over expenditures, if any, was transferred to the trust account by appropriation.
Receipts consist of
appropriated and unappropriated transfers of tax collections. The
Federal unemployment tax allows to the taxpayer credit for contributions to State unemployment funds up to 90 percent of the tax.
Net of repayments.
Excess of collections from Federal unemployment tax over expenditures
for benefits and administrative expenses each year is deposited In
this account to maintain a reserve of $200 million available for loans
to States when needed to replenish the balances in their accounts in
the trust fund.
Beginning 1961, these transfers are from the administration fund in the trust accoxmt; previously they were from the
general fund. Any remaining excess is credited to the State accounts
U2 U.S.C. 1101 - 1103).
Established by the act approved March Z4, 1961 {K2 U.S,C. 1104),
which provides for a temporary program of extended unemployment
compensation payments.
For paymedt of benefits and refunds (45 U.S.C. 360). Figures exclude
Interim advance of $15 million from the Treasury and subsequent
repayment, both in 1940.
Contributions under the Railroad Unemployment Insurance Act of 1938,
^
^
10/
X^
12/
1^/
L^/
1^/
16/
*
p
as amended (45 U.S.C. 360 (a)), in excess of the amoxint specified for
administrative expenses (see footnote 8).
Temporary advances are made when the balance in the Railroad Unemployment Insurance Account is insufficient to meet payments of benefits
and refunds due or to become due. Whenever the balance is sufficient
to pay such benefits and refunds, repayments are made, plus interest
at y% per annum, pursuant to P. L. 86-28, dated May 19, 1959 (73
Stat. 32).
Excess, if any, over specified balance at end of year is transferred
to the Account (45 U.S.C. 361 (d)).
Consists of a specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad
Unemployment Ins\irance Administration Fund was established in the
Unemployment Trust Fund pursuant to the amending act of September 6,
1958, before that the administration fund was a separate trust fund
(45 U.S.C. 361).
Total includes $107.2 million transferred from State accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (45 U.S.C. 363).
See Table 1, footnote 5.
An advance of $250 mllllOE was made pursxiant to the Act of Uarch 3,
1961, and repaid during the month.
Includes adjustments to monthly statement basis.
Excludes adjustments pursuant to the Act of September 6, 1958; see
footnote 16.
Includes an adjustment of $7.2 million pursuant to the Act of September
6, 1958; see footnote 10.
Less than $50,000.
Preliminary.
IS
Treasury Bulletin
THIJBT ACCOUMT
AND OTHER TRAHSACTIORS
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues, as of June 30, 1961
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal Disability
Insxirance
Trust Fund
Public isaues:
Treasury notes:
ii
4-7/8
5
4-7/8
4-5/8
-
-
Series
Series
Series
Series
Series
B- 1963
C-1963
15.0
B-196<i
25.0
C-1964
A-1965
47.5
5.0
5.0
Treasury bonds:
2-3/4)5
-
2-1/2
2-1/2
-
-
1961
1964-69 (dated 4/15/43)
1964-69 (dated 9/15/43)
2.0
15.5
31.0
2-5/8
2-1/2
-
1965
-
l%5-70
3
-
1966
3-3/8
3-3/4
2-1/2
-
1966
1966
1966-71
315.1
3-5/8
2-1/2
2-1/2
-
1967
1967-72 (dated 6/1/45)
1967-72 (dated 10/20/41)...
34.2
15.6
199.6
2-1/2
3-7/8
-
4
-
1967-72 (dated 11/15/45)...
1968
1969
24.3
15.4
37.5
3.8
11.0
3-7/8
4-1/4
3-1/4
-
1974
1975-85
1978-83
25.0
25.0
5.0
5.0
3-1/2
4
-
3-1/4
-
3-1/2
-
3
3-1/2
2-3/4
-
-
225.4
463.3
25.0
18.2
10.0
4.5
27.7
10.0
1.5
60.2
1980
1980
1985
67.4
18.0
1990
283.1
85.2
7.5
174.5
1,06A.9
3.5
3,352.7
87.5
25.7
1995
1998
Investment Scries B-1975-80
Total public Issues
Special issues:
Certificates:
3*
3-3/4
-
Series 1962
Series 1962
-
Series
Series
Series
Series
Series
1962
1962
1962
1962
1963
-
Series
Series
Series
Series
1963-1968
1965-1975
1967-1976
1975-1976
-
34.1
Notes:
2-l/2!t
2-5/8
2-5/8
3
3-3/4
to
to
to
to
to
1963
1964
1965
1966
1966
883.3
67.5
50;.
318.6
77.6
Bonds:
2-1/2JJ
2-5/8
3-3/4
3-3/4
Total special issues
Net unamortized premium and discount
4,560.1
8,572.0
1,240.1
16,200.2
-30.3
Accrued Interest purchased
Total Investments
187.5
1,286.9
326.8
19,523.5
2
Railroad
Retirement
Account
Uneaployment
Trust Fund
August 1961
19
CASH IHCOME AND OUTGO
The cash Income and outgo data appearing In the
Treasury Bulletin,
beginning with the February I956
Issue, are on a basis consistent with receipts froD and
payments to the public as derived In the I957 and subsequent Budgets of the United States, Special Analysis A,
Reconciliation to cash deposits and withdrawals In the
account
of.
the Treasurer of the United States le shown on
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements,
data In
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
Government to make payments In the future are also eliminated
from expenditures but are added later when actual payments
are made. Recelita froir the exercise of monetary authority
(mostly seigniorage on sliver) are excluded as not
representing cash received from the public. Federal casn
borrowing from the public Includes net borrowing by the
figures differ somewhat from those published In earlier
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.
It excludes changes In the public debt which do not represent direct cash borrowing from the public. The net
effect of all these transactions with the public Is
reflected In changes In the balance In the Treasurer's
Budget documents as well as In the Bulletin.
account and In cash held outside the Treasury.
accordance with the Budget classifications are made avail-
able month by month.
Figures for back years have been
revised where necessary In order to make them as nearly
comparable with current Budjet classifications as available data will permit.
For this reason certain of the
public and the Federal Government as a whole, and therefore
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Budget
series, but are limited In coverage to transactions whl«h
Includes transactions not cleared through the Treasurer's
affect the balance In that account.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
account.
Receipts and payments Include transactions both
On the other hand,
they Include receipts from the exercise of monetary
In budget accounts and In trust and deposit fund accounts.
authority, which are excluded from receipts from the public
Operations of Government-sponsored enterprises are Included
In
In payments on a net basis as reflected In Treasury reports.
the Budget series.
Treasury Bulletin
20
.
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
1953
19H
1955
1956
1957
1958
1959
1960
1961 p
1962 (Est.)...
1960-July
August
September
.
.
October.
Hovember
December
Federal receipts from
the public 1/
Federal payments to the
public 1/
Excess of
receipts, or
payments (-)
Treasurer's account
balance, increase,
or decrease (-)
Cash held outside
Treasury, increase,
or decrease (-)
-5,274
-232
-2,702
4,471
2,099
2,919
2,512
1,809
-4,366
-3,100
56
73
29
23
49
-2,299
2,096
-551
81,?92
81.660
95,078
-1,520
-13,144
777
4,159
-4,399
2,654
-23
-4
-2,U7
5,760
8.678
1,821
697
59
97, LW
83,412
94,804
94,301
99,291
-1,3U
-83
103,301
109,794
-6,493
2/
-3,506
U6
7,476
8,926
7,748
2,398
2,525
-1,433
-29
-1,006
-1,104
2,423
3,651
8,403
8,586
7,879
8,674
7,984
-4,228
-271
603
2.600
-555
16
-1,645
-841
580
23
20
119
-1,582
15
412
-3,609
1,463
-1,498
-112
1,412
725
-1,486
-761
1,128
1,532
3,970
9,236
10,
311
5,586
8,916
10,256
7,275
7,867
8,260
April
6,295
9,731
12,367
8,292
9,462
9,4^5
-1,997
269
2,921
.
Change in cash balances
Equals:
Re-
ceipts from
exercise of
monetary
authority
76,769
71,858
70,537
72,616
80,006
-1,689
1,049
1,996
June p.
Plua:
71,495
71,626
67,836
77,087
82,105
1961-January.
February.
March.,..
May
Net cash
borrowing from
the public, or
repayment (-
Plus:
other than borrowing
Fiscal year
or month
ource;
Actual figures are based on the monthly statement of receipts
and expenditures of the Government (for explanation of reporting
bases, see page II); estimates are based on budget messages by the
President dated March 24 and March 28, 1961, the Statement of the
Director of the Bureau of the Budget before the Joint Economic
Committee on March 27, 1961, and on the President's report to the
nation of July 25, 1961, on the Berlin crisis, and his budgetary
amendments submitted to the Congress on July *;6, 1961.
1/
2/
p
257
-312
-202
331
-956
44
53
55
5
UO
2/
27
-12
-48
42
1
181
-126
-94
Figures in this column differ from those published prior to the
September 1960 Treasury Bulletin because of the exclusion of a few
additional items of budget receipts which are also budget expenditures
(see Tables 3 and 4).
In the President's messages referred to in the source note above,
detailed estimates for these items were not included.
Preliminary.
Table 2.- Summary of Cash Transactions throuRh the Account of the Treasurer
of the United States
(In millions of dollars)
transactions other than borrowing
Fiscal year
or month
Cash
depos i r
Cash
withdrawals
Net cash borrowPlus:
ing, or repayment of
Excess of deposits,
or withdrawals (-)
borrowing
(-
Equals:
Treasurer's
account balance, increase, or decrease (-)
V>'>i
/1. 345
1957
71,815
67,758
77,079
81,875
76,407
71,974
69,888
71,984
79,183
-5,062
-159
-2,130
5,096
2,692
2,763
2,255
1,579
-4,765
-3,648
-2,299
1954
1955
1056
1958
1959
1960
82,094
81,612
94,862
83,188
94,042
93,508
-1,094
-12,430
1,353
5,253
8,032
1,301
4,159
-4,399
2,654
75
-1,311
1%1
2,0%
-551
331
-956
96,897
98,284
-1,387
103,383
109,794
-6,411
August
September
3,752
9,332
10,151
7,228
8,967
7,659
-3,476
365
2,492
2,470
-1,469
-70
-1,006
-1,104
2.423
October.
November
December.
3,436
8,739
8,174
7,684
8,975
7,664
-4,247
-237
510
2,602
-604
70
-1,645
-841
580
1961-January.
February.
March
5,447
9,356
10,532
7,100
8,247
8,346
-1,653
1,109
2,186
71
354
-3,684
-1.582
1,463
-1,498
April
May
June
5,903
10,006
12,069
7,974
9,566
8,875
-<:,072
1,311
441
3,194
687
-1,662
-761
1,128
1,532
1962 (Est.)...
1%0-July
.
.
Actual figures are based on the daily Treasury statement;
Source:
estimates are based on budget messages by the President dated March
24 and March 28, 1961, the Statement of the Director of the
Bureau of the Budget before the Joint Eooncojic Conmlttee on
Itareh 27, 1%1, and on the President's report to the nation of
July 25, 1961, on the Berlin crisis, and his budgetary amendments
V
submitted to the Congress on July 26, 1%1. Figures in the first four
columns of this table may differ somewhat from those originally published
in the daily Treasury statement because of subsequent reclassification
of certain transactions.
See Table 1, footnote 2.
August 1961
21
CASH mcOKE 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)
22
Tr
reasurij
,
CASH INCOME AND OUTCO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Budget receipts which
are also
trust fund
expendltxires
Fiscal year
or month
1953
1954
1955
1956
1957
Budget receipts
which are also
Governmentsponsored
enterprise
emendltures
Trust fund receipts which
also budget expenditures
59
102
104
1,094
1,188
1,173
1,207
1,318
221
239
261
298
1,342
1,315
1,327
1,404
339
68
a
1953
1959
1960
1%1
p
1%2
(Est.
)
1960-July
August
September
463
167
166
521
695
574
644
6
8
1,420
795
1,613
4,181
3
57
70
78
139
203
179
209
9
10
10
24
19
71
36
71
135
17
69
57
73
61
6
6
6
33
22
79
60
84
25
63
88
4
42
60
10
28
71
9
848
June p
Footnotes follow Table
1.
3,161
3,167
4,170
96
325
.
2,041
1,858
1,865
2,412
2,767
2,917
U6
See Table
5
5
5
April. ...
Source:
5
77
.
May
420
430
439
5
Total
Other
681
846
819 S/
1,615
4
1961- January.
February.
March..
Payroll
deductions for
employees
retirement j/
662
746
747
841
12
16
October.
November.
December.
Interest
on uninvested
trust
funds
Interest on
investment in
public debt
securities
a'-e
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded
247
236
452
y
116
303
203
258 b/
195
411
364
305
1,353
7.
froin
Payments
(In millions of dollars)
Noncash expenditures involving issuance
Net accrued
interest on
savings bonds
and Treasury
bills 1/
Fiscal year
or month
718
524
1953
1954
1955
1956
1957
497
456
388
1958
1959
254
801
1%0
341
222
1961 p
1%2
(Est.)
8/
1960-July
August
September
December.-
1961-January
February
March
April
See Table
1
Adjusted
service
bonds
Armed Forces
leave bonds
^
68
26
-15
234
-24
-14
-8
-7
-6
91
87
231
442
-4
-2
-2
-1
8/
8/
International
Monetary Fund
International
Development
Association
28
109
156
175
-674
-450
58
W
345
-460
194
55
13
U9
29
35
-352
299
38
49
335
-367
-53
4
113
8/
54
89
11
58
13
Footnotes follow Table
etc. 2/
579
-116
-380
259
258
57
8
66
Clearing
account
for
checks
outstanding,
-115
-55
335
-753
1,361
30
-8
3
June p
Source:
Special notes to - 6/
^
8/
^
213
-367
339
-62
May
of public debt securities
-27
23
54
October
November
Clearing
account for
public debt
interest 2/
7,
7
8/
57^
615
943
-811
470
2,131
449
985
3L;
-61
-166
220
236
-569
635
-104
-184
50
-489
321
273
295
281
464
-23
556
-130
-136
-329
-50"
352
22".
-2H
Atufust I9bl
Trcasurij Bulletin
CASH DJCQME AND OlTPGO
Footnotes to Table 3
1/
g/
j/
All previously published figures were revised in the September 1960 Bulletin
to take account of the deduction of certain interfund transactions from both
net budget receipts and budget expenditures; and also in the July 1961 issue,
deductions for certain intertrust fund transactions from both trust account
receipts and trust account expenditures (see pp, 2, A, 9, and 10). Formerly
such transactions uere included in the intragovemmental transactions which
were deducted in deriving receipts from and payments to the public.
Treated as noncash refund deductions from receipts when Issued and as cash
refund deductions when redeemed.
Consists of seigniorage and the Increment resulting from reduction in the
V*
^
»
P
weight of the gold dollar; excluded from receipts from the public but included in cash deposits in the Treasurer's account.
Figures in this column differ from those published prior to
the September 1%0 Treasury Bulletin because a few additional
items of budget receipts which are also budget expenditures
are included in the interfund transactions deducted from budget
receipts and budget expenditures (see footnote l).
Adjusted for reclassification of certain repayments of aavances
from the general fund.
Less than $500,000.
Preliminary.
Footnotes to Table 4
1/
2/
See Table :3, footnote 1,
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 of borrowing from the public or to
investment in Federal securities. On that basis, net expenditures for operations are shown in this table in terms of the combined net of disinvestment
in Federal securities €ind 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.
2/
^
^
6/
2/
p
See Table 3. footnote 4.
Not reported prior to 1954.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,643,070 (par value).
See Table 3, footnote 5.
Preliminary.
Footnotes to Table 5
1/
2/
j/
Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fxmd
and Federal Disability Insurance Trust Fund for administrative t-xpenaes
and beginning with 1959 for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); reimbursement by Highway
Trust Fund for refunds of taxes; reimbursement by the District of Columbia;
payment of dividends, interest, etc., by Federal National Mortgage Association's secondary market operations; and Federal intermediate credit bank
franchise tax and repayment of capital stock to the Treasury after December
1956 and before January 1959.
Consists of payment of franchise tax by banks for cooperatives beginning
1955, and also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by trust
funds and Government-sponsored enterprises. Beginning with fiscal year 1958
excludes deductions from salaries of District of Columbia employees, and
i/
y
beginning with fiscal year 1959 excludes voluntary contributions.
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, and District of Columbia; and awards of
Indian Claims Commission.
Figures in tJiis coliomn differ from those previously published
because budget receipts which are also budget expenditures, and
trust fund receipts which are also trust fund expenditures artno longer Included; see Tables 3 and 4.
See Table 3, footnote 5.
p
Preliminary.
Less than $500,000.
Footnotes to Table 6
1/
2/
3/
4/
5/
Accrued discoxmt on savings bonds and bills less interest paid on savings
bonds and bills redeemed.
F^jblic debt interest 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 1954.
Treated as noncash expenditures at the time of issuance of the securities
and as cash expenditures at the tijne 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 1945.
Issued in 1947 in payment for accumulated leave. The last of these bonds
matured in 1951.
6/
jj
Farts uf the United States subscriptions to the International
Monetary Fund (see 1947 Annual Report of the Secretary of the
Treasury, pp. 48, 350, and 385) and the International Development Association were paid in nonnegotlable, noninterest-bearing
In June 1959
notes of the United States, payable on demand.
notes amounting to $1,031 million were issued to the Fund as part
of the additional U. S. subscription authorized by an act approved
June 17, 1959. In November 1%0 notes amounting to $58 million
were issued to the International Development Association as part
See
of the first annual installment of the U. S. subscription.
"Budget Receipts and Expenditures," Table 3, footnote 10.
Checks outstanding less deposits in transit, and changes in
other accounts; net increase, or decrease (-), For 1953 includes
also public debt interest due and unpaid (see footnote 2).
See Table 1, footnote 2.
Preliminary.
Less than $500,000.
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 Government-sponsored
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 with other trust accounts.
Does not include Investments representing acquired securities amounting to
$1,643,070 (par value) and donation of securities amounting to $45,800
(par value).
See Table 1, footnote 2.
Accrued discount on savings bonds end bills, which is included In the principal of the public debt, less Interest paid on savings bonds and bills
redeemed
^
8/
Treated as noncash transactions at the time of issuance and as
cash transactions at the tiiite of redemption; net issuance, or
redemption (-)
accluded 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 transactions In public debt securities and agency obliga-
«
p
tions.
Less than $500,000.
Preliminary.
^
jj
August 1961
25
.ACCOUNT OF THE TOEASDRHl OF
"fflE
DNITH) STATES.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts 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
As the balances In these accounts become dethey are restored by calling In (transferring)
account to the tax EUid loan account 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.
branches.
pleted,
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
The tax and loan account system permits the Treasury
to leave funds In banks and In the conimunltles In which
they arise until such time as the Treasury needs the funds
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers ot banks deposit
with them tax payments and funds for the purchase of
Oovernment securities.
In most cases the transaction
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
iTiTolves merely the transfer of money from a customer's
of the Treasury for 1955,
pages 275-281*.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
End of
fiscal
year or
month
Treasury Bulletin
26
ACCOUNT OF THE TREASDRER OF THE tJNITH) STATES.
Table 2.- Analysis of ChariKes In Tax and Loan Account Balances
(In millions of dollars)
August 1961
27
.DEHT OtrrSTANDIMCJ.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Treasury Bulletin
2g
.DEBT OUrSTMDITC.
Table 3,- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
WSJ
Ncinjuarketable
Treasury bonds
Total
public
issues
Certificates
U7,335
269,883
268,486
223,408
226,681
228,491
224,769
221,658
150,354
155,206
154,953
155,705
274,698
281,833
283,241
285,672
228,452
237,078
238,342
240,629
287,704
Aug...
Sept ..
263,9*6
268,910
19,707
19,515
Bank
eligible
20,808
23,420
15,854
18,405
13,836
16,303
20,473
30,425
31,960
40,729
35,952
30,973
63,980
71,706
81,057
81,840
80,789
166,675
178,027
183,845
187,148
22,406
32,017
33,415
36,723
32,920
33,843
17,650
13,338
20,416
24.4,197
188,269
39,643
285,285
285,634
285,358
241,088
240,413
240,382
186,915
186,294
186,366
Oct..
Nov.
Dec...
287,372
287,138
286,820
243,097
242,578
242,474
1961-jBn...
Feb...
Mar...
286,651
287.190
284,058
Apr
May...
284,631
286,845
285,672
1954
1955
1956
1957
271, 7-H
1958
1959
1960
1961
1959-Dec
.
.
1%0-July..
.
.
.
June.
Bank restricted
17,245
8,672
Other
bonds
2/
savings
bonds
Treasury
savings
notes
Treasury
bonds
investment
series
Depositary
bonds
13,288
12,775
12,589
12,009
11,135
447
411
417
310
196
40,538
42,229
43,250
45.114
46,827
171
183
170
46,2,46
Special
issues
124
96
71
50
50
76,073
76,326
73,285
69,817
65,953
57,886
58,061
58,365
57,497
54,622
51,483
56,257
90,883
84,803
81,247
30,830
50
50
50
61,777
59,050
54,497
53,481
51,984
50,503
47,544
47,514
9,621
8,365
6,783
5,830
117
44,756
44,899
45,043
19,669
44,152
84,754
50
55,928
48,154
7,590
184
43,506
36,427
36,436
36,453
17,650
25,479
25,479
51,550
42,032
42,100
81,239
82,297
82,285
50
50
50
54,173
54,118
54,016
47,351
47,337
47,327
6,682
6,638
6,544
140
140
139
44,198
45,222
44,977
189,358
188,840
189,015
39,454
39,454
39,446
25,479
18,442
18,4A2
42,103
51,226
51,284
82,273
79,668
79,794
50
50
50
53,739
53,738
53,459
47,359
47,394
47,159
6,253
6,217
6,152
119
117
137
44,275
44,561
44,346
242,827
243,462
240,057
189,320
189,919
186,520
39,744
39,942
36,511
18,442
11,503
11,503
51,309
58,661
57,833
79,776
79,763
80,623
50
50
53,507
53,544
47,243
47.327
6,U5
6.076
136
127
50
53,537
47,395
6,005
121
43,824
43,727
4^,001
241,619
242,342
240,629
188,147
188,893
38,213
38,411
36,723
11,503
13,338
13,338
57,518
56,246
56,257
80,864
80,849
80,830
50
50
53,471
53,449
53,481
47,420
47,461
5,9U
121
5,850
5,830
119
117
187, U8
19,
5U
27.
3U
Source:
Daily Treasury statement.
1/ Issues which coaraercial banks (banks accepting demand deposits) were
not permitted to acquire prior to specified dates, except that:
(1)
concurrently with the 4th, 5th, and 6th War Loans and the Victory
Loan, they were permitted to subscribe for limited investment of
their savings deposits; (2) they might temporarily acquire such
2/
^
y
4,453
5,079
1,913
47, 5U
43,012
44,503
45,043
issues through forfeiture of collateral; (3) they might hold a
limited amount of such issues for trading purposes.
Consists of Panama Canal bonds through May 1961, and also postal
savings bonds until the last of these bonds matured on July 1, 1955.
Beginning July 1960 total includes small amounts of Treasury bonds,
R. E. A. Series.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
^
(In millions of dollars)
End of
fiscal year
or month
Maturity classes
Amount
outstanding
5-10
10 - 20
years
years
years
71,952
36.161
29,866
39,107
34,401
40,669
15,651
27,515
34,253
28,908
12,328
28,662
28,634
28,613
28,578
26,407
3,530
4.351
4,349
42,557
58,304
72, 84^
58,400
21,476
17,052
20,246
26,435
27,652
21,625
12,630
10,233
7,208
8,088
7,658
10,960
Within
1 year
1
- 5
1953
1954
1955
1956
1957
M7,335
1958
1959!
1960
1961
166,675
178,027
183,845
187,
U8
67,782
72,958
70,467
81,120
1959- Dec ember..
188,269
79,941
61,609
22,139
16,494
1960- July
186,915
186,294
186,366
73,479
73,892
U8
72,911
70,819
68,646
20,245
August .
September.
21,312
October.
November.
December^.
189,358
188,840
189,015
79,203
75,324
75,315
68,595
70,755
70,812
1961-January. ..
February.
March
189,320
189,919
186,520
75,613
80,054
76,622
70,836
67.007
61,007
April
May
June
188,147
188,893
187,148
78,731
78,896
81,120
60,541
62,349
58,400
150,354
155,206
154,953
155,705
.
.
.
58,
76,
7U
Office of Debt Analysis in the Office of the Secretary.
All issues classified to final maturity except partially
.'kjurce:
V
65,270
62,734
49,703
Average length
20 years
and over
1,592
1,606
5
yrs.
5 yrs.
5 yrs.
5
yrs.
4 yrs.
4 mos,
6 mos.
10 mos,
4 mos,
9 mos,
4 yrs.
3 mos.
7 IBOS.
4 yrs.
4 yrs.
4 mos.
6 mos.
8,085
4 yrs.
4 mos.
12,625
12,617
12,610
7.655
7,653
7,650
4 yrs.
4 yrs.
4 yrs.
3 mos.
3 mos.
2 laos.
17,332
18.544
18,684
12,601
13,235
13,224
11,627
10,982
10,979
4 yrs.
4 yrs.
4 yrs.
7 mos.
8 mos.
7 oos.
18,684
18.683
27,658
13,211
13,203
10,262
10,976
10,973
10,970
4 yrs.
4 yrs.
4 yrs.
6 [DOS.
6 mos.
7 DOS,
27,654
26,438
26,435
10,254
10,245
10,233
10,968
10,965
10,960
4 yrs.
4 yrs.
4 yrs.
6 mos.
21,
3U
5 yrs.
tax-exempt bonds, which are classified to earliest call date.
6 mos.
6 mos.
August 1961
29
^isEBJ!
outstandin:;.
Table 5*- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
Federa
Deposit
Total
Inaiirance
Corporation
Federal
Disability
Insurance
Trust
nind
Federal
home
loan
banks
Federa
Old- Age
and
Survivors
Insurance
Trust Fund
1953
1954
1955
1956
1957
40,538
42,229
43,250
846
892
835
45, IM
46,827
673
718
325
50
15,532
17,054
18,239
19,467
19,463
1958
1959
1960
1961
46,246
44,756
44,899
45,043
673
629
694
556
996
1.533
2,017
2,299
165
165
59
50
18,610
17,227
16,413
16,200
1959-December
43,506
1,715
165
15,864
1960-July
August
September
U,198
50
50
50
50
232
200
52
45,222
44,977
646
645
645
2,007
2,082
2,108
October.
November
December
44,275
4^,561
44,346
602
610
618
2,092
2,113
2,093
1961- January.
43,824
43,727
44,00]
647
662
622
2,077
2,091
2,183
43,012
44,503
45,043
567
551
556
2,177
2,250
2,299
February.
Usrch
April
Hay
June
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Highway
Tnist
Fund
National
Postal
Service
Savings
Life
System
Insurance
Fund
V
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
Treasury Bulletin
30
.KEHT OOTSTAHDHG.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
{In milliona of dollars)
August 1961
31
.XSESI
OUrSTANDHG-
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
Banks for
cooperatives
Bid of fiscal
year or month
Federal
home loan
banks 1/
Federa
intermediate
credit banks
Federal land
banks 2/ 2/
1953
1954
1955
1956
1957
2,003
1,967
2,876
3,889
5,013
110
120
110
133
179
251
115
341
929
738
781
725
1958
1959
1960
1961
5,423
6,708
8,407
7,765
199
284
330
382
456
992
1,259
1,055
1,159
1,456
1,600
1,723
2,137
2,357
1959-December,
7,917
364
1,774
1,356
1960-July
August .
September,
8,502
7,803
7,726
330
330
346
1,275
1,272
1,167
7,862
7,880
7,911
389
389
407
7,765
7,602
7,429
7,417
7,534
7,765
.
October.
November
December
.
.
.
.
1961- January..
February.
March
April
Hay
June
Source:
Note:
l/
793
834
924
861
1,007
1,061
1,322
1,552
Tennessee
Management
and liquidating issues
570
570
570
.Valley
All other
Authority
issues
100
1,050
797
797
797
1,165
1,290
2,284
2,198
1,986
797
1,640
1,646
1,670
1,665
2,137
2,137
2,137
797
2,317
2,393
2,411
1,266
1,266
1,266
1,592
1,516
1,454
2,179
2,179
2,210
2,436
2,479
2,523
50
50
407
404
404
1,114
942
829
1,438
1,478
1,519
2,210
2,210
2,210
2,546
2,518
2,416
50
50
50
402
4<S
382
817
955
1,055
1,590
1,661
1,723
2,281
2,281
2,357
2,276
2,184
2,198
50
50
50
Office of Debt Analysis and agency reports.
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks ended
in July 1951.
2/
^
1,646
1,888
The proprietary interest of the United States in these banks ended
June 1947.
Figures do not include securities which are issued for use as collateral for conmercial bank borrowing and not as a part of public offerings.
32
Ireasury bulletin
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Aot ( 3I U.S.C. 757 (b), at
amended by an aot approved June JO, 1959. provide! that
the faoe amount of obligations laeued under authority of
and June 30, I955); $3 billion beginning on July 1, 1956,
and ending on June 30, I957 (act approved July 9, I956);
billion beginning on February 26, 1958, and ending on
5
and the faoe anount of obligations guaranteed
Jime 30, 1959 (aot approved February 26, I958); |10 billion
as to principal and Interest by the United States (except
beginning on July 1, I959, and ending on June 30, i960
(aot approved June 30, 1959); |8 billion beginning on
that act,
guaranteed obligations held by the Secretary of the Treasshall not exceed In the aggregate $285 billion out-
ury),
standing at any one time.
In effect under the aot of June 26,
I9U6,
and that under the aot of September
2,
In addition,
lion.
ized as follows:
July
The corresponding limitation
and ending on June 30,
i960,
I961 (act approved
I961,
1,
and ending on June 30, 1962 (aot approved June JO,
was 1275 billion
I96I
temporary Increases have been author-
are Included In the statutory debt limitation at current
195^*,
redemption values.
and ending on June 30, 1956 (oots approved August 28, 195'*,
Table 1.- Status under Limitation, June 30, 1061
(In millions of aollars)
Uflximum amount of securities which may be outstanding at any one time under lijoltation Imposed by the act
of June 30, 1959 (31 U.S.C. 757 b), as Increased temporarily by the act of June 30, 1960
293,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S, Government securities Issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
288,622
240
Total amount of securities outstanding subject to statutory debt lljaltatlon
288,862
Balance Issuable under limitation
Source:
4,138
Dally Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1961
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Not subject to
statutory debt
limitation
Total
outstanding
Public debt:
Interest-bearing securities:
tfarlcetable:
Treasury bills
Certificates of Indebtedness.
Treasury notes
Treasury bonds
Total marketable.
36,723
13,338
56,257
80,830
36,723
13,338
56,257
80,830
U8
187, U8
47,5U
47,5U
117
5,830
117
5,830
187,
Nonmarketable:
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R E. A series
Total nonmarketable
Special isaues to Government agencies and trust funds.
Total Interest-bearing aecuritiea
Uatured securities on which Interest has ceased
Debt bearing no Interest:
United States savings stamps
Exceas prof its tax refund bonds
Special notes of the United States:
International Uonetary Fund series
International Development Association scries
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
19
19
53,481
53,481
45,043
45,043
285,672
285,672
344
349
52
52
1
1
2,4%
2,496
58
191
U7
Tota 1 debt bearing no Interest
2,606
Total public debt
Guaranteed securities:
Interest-bearing
Uatured
58
191
U7
6
6
3U
2,950
349
288,971
V
240
Total guaranteed securities
Daily Treasury statement.
1/
240
1
1
240
240
288,862
Total public debt and guaranteed securities.
Source:
).
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
1958, was (283 bil-
|6 billion beginning on August 28,
1,
June 30, i960); and tl3 billion beginning on July
Held outside the Treasury.
349
289,211
August 1961
33
PUBLIC DEHT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding June 30, 1961
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Treasury Bulletin
3*^
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding June 30, 1961
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
II
August 1961
35
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounta In millions of dollars)
Description of new Issue
Number of
days to
maturity l/
Ifaturity
date
Amount of
bids
tendered
Amount of bids accepted
Total
amount
Regtilar weekly bills:
1961- Apr.
6..
ri%l-July
6
5
91
182
1,915.8
1,048.1
1,100.
Oct.
July
91
183
2,000.1
1,118.3
1,100.
Oct.
13
13
July
20
1,934.1
1,142.1
1,100.
400.
I
Apr.
r
13..
I
Apr.
20..
Apr.
27..
Oct.
19
July
27
26
91
182
2,080.8
1,027.9
1,100.
400.
Aug.
Nov.
3
91
182
2,087.0
949.6
1,100.
Z
1
Aug.
Nov.
10
9
91
182
1,876.9
1,115.3
1,100.
500.
f
1
Aug.
Nov.
17
16
91
182
2,012.1
1,201.4
1,100.
Aug.
Nov.
24
91
183
2,047.7
966.0
1,100.
Aug.
Nov.
31
91
182
2,288.1
949.9
1,000.
91
182
2,137.6
998.3
1,100.
4,672.6
1,801.9
/
/
I
,
4..
Uay
11..
Uay
18..
Uay
f
1
f
r
25..
\
June
Ip.
June
8p.
/
1
/
1
Up
J/.
Oct.
Sept.
Dec.
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Nov.
30
7
7
14
21
28
5
13
19
26
2
9
16
24
30
99
106
113
121
127
134
155
163
169
U
91
182
June
23p.
Sept.
Dec.
21
21
90
181
June
29p.
Sept.
Dec.
28
28
91
182
July
6p.
Oct.
Jan.
5
91
182
July
13p.
Oct.
Jan.
13
U
92
182
July
20p.
Oct.
Jan.
19
18
91
182
July
27p
Oct.
Jan,
26
25
91
182
22
244
22
172
14
4
Tax anticipation bills:
3.
July
1961-June
Sept.
26p.
1962-Mar.
23
240
1961-Apr.
Oct.
15..
15..
17..
15
15
16
365
365
364
1961- Jan.
Apr.
July
15..
15..
15p.
1%2-Jan.
15
15
15
365
365
365
Other bllla:
1960-^r.
July
July
Oct.
Apr.
July
•
Ul
US
Sept.
Dec.
21.
500.
500,
500.
500.
57
64
71
78
85
92
15p.
1%0-Oct.
500,
50
June
1961-Apr.
500.
91
182
1
Uay
500.
1,958.6
1,U3.8
On competitive basis
On noncompetitive basis S/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Treasury Bullet j
36
PUBLIC DEBT OPERATIONS
Table 2.- Ofrerings of Treasury Bills
High
Equivalent average
rate
^
Regular weekly bllla;
Price per hundred
6
2.470
2.658
99.384
98.666
13
r99.403
198.701
2.361
2.556
Apr.
20
rJ9.421
\98.758
Apr.
27
f99. 44
Apr.
May
^
May
11
May
18
May
25
June
June
L4p 2/
2.334
99.399
98.698
2.378
2.561
2.292
2.457
99.427
98.762
2.267
2.449
99.417
98.756
2.306
2.461
V'B.83V
2.185
2.300
99.451
98.842
2.172
2.291
99.444
98.832
2.200
2.310
\l».'r?li
2.299
2.417
99.428
98.800
2.263
2.374
99.416
98.770
2.310
2.433
4 36
i8.77',
I
2.232
2.423
99.444
98.786
2/
2.200
2.401
99.432
98.773
2.247
2.427
(98.76)
2.264
2.435
99.440
98:775 IS/
2.215
2.423
99.425
98.766
2.275
2.441
2.354
2.470
99.411
Uj
2.330
2.447
99.401
98.735
2.370
2.489
2.437
2.593
99.386
98.703
a/
2.429
2.565
99.383
98.685
2.441
2.601
|98.621
2.516
2.727
99.369 ii/
98.636 16/
2.496
2.698
99.361
98.616
2.528
2.738
f99.3a.
June
15p
June
23p
June
29p
f
•
-
(Percent)
2.488
2.670
|98.689
•
Equivalent rate 6/
99.371
98.650
f '59.405
8p
I
Price per hundred
99.410
98.708
f 99.
Ip
ii/
2.437
2.639
V-'8.744
June
Equivalent rate
(Percent)
(Percent)
199.376
198.656
1961-Apr.
(Continued)
On covpetitive bida accepted
On total bids accepted
Average price
per hundred
-
99. 364
8/
98. lib 12/
ly
99.297
2.308
99.305
2.283
99.292
2.326
f99.420
\ 98. 740
2.295
2.492
99.428
98.756
2.263
2.461
99.415
98.736
2.3U
f99.419
[98.733
2.325
2.519
99.425
98.744
2.300
2.498
99.415
98.730
2.340
2.526
1^98.
/99.439
787
2.219
2.399
99.447
98.796
2.188
2.382
99.427
98.774
2.267
2.425
2.500
July
6p
|99.417
\98.743
2.305
2.486
99.429 12/
98.764
2.259
2.445
99.407
98.733
2.346
2.506
July
13p
[99.407
198.730
2.322
2.512
99.413 18/
98.736
2.297
2.500
99.403
98.726
2.336
2.520
July
20p
f99.444
198.794
2.200
2.385
99.451
98.801
2.172
2.372
99.437
98.784
2.227
2.405
July
27p
[99.433
198.763
2.244
99.450
98.784 12/
2.176
2.405
99.425
98.753
2.275
2.467
Tax anticipation bills:
1960-Oct.
21
1961-Apr.
July
2.U6
98.110
98.205 SS/
2.648
98.082
2.830
98. 3«
2.473
2.484
98.863 21/
98.400 22/
2.380
2.400
98.810
98.320
2.491
2.520
95.328
96.690
96.834
4.608
3.265
3.131
95.500 2J/
%.740 2i/
96.891
4.438
3.215
3.075
95.194
96.665
96.815
4.740
3.289
3.150
97.283
97.134
97.051
2.679
2.827
2.908
97.318
97.171 2i/
97.101
2.645
2.790
2.859
97.262
97.117
97.039
2.700
2.844
2.920
3
98.818
26p
15
Other bllla:
1960-Apr.
July
Oct.
1961-Jan.
Apr.
July
6/
2/
8/
2/
1^
11/
12/
IJ/
a/
li/
16/
12/
15
17
15
15
15p
Bank discount basis.
Except »465,0OO at 98.725,
Except 1750,000 at 99.460.
Except 1100,000 at 98.794.
Except 1150,000 at 98.785,
Except $300,000 at 99.431,
Except tlOO,COO at 98.766.
Except »300,000 at 99.405.
Except 1300,000 at 98.756,
Except »100, 000 at 99.384,
Except $200,000 at 98.687.
Except $7,000 at 99.433.
12/
and $100,000 at 98.670.
and $1,050,000 at 98.780.
and $600,000 at 99.425.
12/
2Q/
21/
22/
22/
and $394,000 at 98.707.
and $200,000 at 99.380, and $150,000 at 99.373-
2i/
2i/
p
Except $100,000 at 99.417.
Except $100,000 at 98. «6.
Except $100,000 at 98.305, and $200,000 at 98.265.
Except $200,000 at 98.901, $200,000 at 98.882, and $1,500,000 at
98.872.
Except $200,000 at 98.413.
Except $100,000 at 96.154, $10,000 at 96.111, $3,000 at 95.747, ar
$3,000 at 95.612.
Except $5,000,000 at %.776, and $5,000,000 at 96.750.
Except $1,500,000 at 97.182.
Preliminary.
l%i
August
37
PUBLIC DEBT OPHIWIOIB
Table 3.- New Money Financing throuKh Regular Weekly Treasury Bills
(DoliBr Lmounta In
laeua
date
1953-Apr.
23..
May
May
Hay
7..
21..
28.
June
June
June
June
4.'
11. •
18.,
25..
July
July
Julj
16.
2..
9..
Sept. 10..
1955-Ju37
July
July
July
21.
28.
Aug.
Aug.
Aug.
Aug.
If
11.
18.
25.
7..
U..
Sept. 1.
Sept. 8.
Sept. 15.
Sept. 22.
Sept. 29.
1957-JM.
31.
Feb.
Fab.
Feb.
Feb.
21.
28.
Mar.
Mar.
U.
Dec.
Dec.
19.
26.
1958-Jan.
Jan.
Jan.
Jan.
16.
23.
Mar.
13.
Sept,
Sept.
Sept,
11.
18.
Oct.
7.
U.
7.
2.
9.
25.
IIIIOD0
Treasury Bulletin
3«
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dolltur amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issua
date
AMOunt
of bids
tendered
Amount
of bids
accepted
$1,500
iOO
2.816
3.111
101
101
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-)
(Percent)
1959-Mar.
5...,
1959-
June
Sept.
A
91
»2,090
3
182
72i
11
10
91
182
2,25i
967
1,301
AOO
3.062
3.375
Mar.
12 2/.
June
Sept.
Mar.
19....
June
Sept.
18
17
91
182
2,019
727
1,301
400
3.058
Mar.
26....
June
Sept.
25
2i
91
182
2,122
671
1,300
400
2.766
3.093
100
Aug.
13....
19591960-
Nov.
Feb.
12
91
1,866
11
182
875
1,200
400
3.150
3.690
199
20...,
19591960-
Nov.
Feb.
19
18
91
182
1,853
790
1,200
400
3.417
3.782
199
19591960-
Nov.
Feb.
27
25
92
182
l,96i
1,200
400
3.824
4.152
204
i960-
Aug.
Nov.
18
17
91
1,809
182
961
1,200
500
3.793
4.000
97
Aug.
Nov.
25
91
25
183
l,83i
897
1,200
500
3.497
3.867
96
1,820
996
1,10a.
182
500
3.184
3.495
100
July
20
20
91
182
1,889
995
1,101
400
2.358
2.530
99
Apr.
July
27
27
91
182
1,986
1,082
1,100
500
2.230
2.422
200
91
3
182
2,057
1,082
1,101
500
2.299
2.497
201
June
Sept.
29
28
91
182
1,92A
1,046
1,100
500
2.392
2.576
99
July
6
91
182
1,916
1,0*8
1,100
500
2.470
2.658
99
91
183
2,000
1,118
1,101
500
2.361
2.556
100
91
182
2,087
950
1,101
500
2.299
2.417
100
91
1,101
500
2.232
2.423
101
1,100
500
2.200
2.385
99
Aug.
Aug.
1960-May
May
June
27...
19....
26.,.
1961-Jan.
19....
Jan.
26.,..
Feb.
Sept.
Dec.
2...
1961-
Apr.
Aug.
Uar.
Apr.
Apr.
. .
6
13....
Hay
/,
liay
U
July
20p.
Source:
1/
30.
91
Uay
2
..
Oct.
5
July
13
13
Oct.
693
Aug.
Nov.
2
Aug.
Nov.
10
9
182
1,877
1,115
Oct.
1962- Jan.
19
18
91
182
1,916
960
3
See Table 2.
Information In Table 3 covers bill offerings
January 2, 1953, through July 31, 1961.
Equivalent average rate on bank discount basis.
2/
p
2.763
100
Beginning March 12, 1959, the 13-week bills represent additional Issues
of bills with an original maturity of 26 weeks,
Prellalsaiy.
August 1961
39
PUBLIC DEBT OPERATIONS
Table 4.- Offerlnge of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
DQte subscription books
Treasury Bulletin
iw
PUBLIC DEBT ORSATIOIB
Table 4.- Offerings of Public Marketable Securltlee Other Than
Regular Weekly Treasury Bills - (Continued)
Date mibscrlp-
August 1961
k2
Treasury Bulletii
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Bureau of the Public Debt. Prellnlnary figures are froo subSource:
scription and allotment reports; final figures are on "clearance"
basis In dally Treasury statement.
For bill Issues sold at auction the
1/ Issued at par except as noted.
rate shovn Is the equivalent average rate (bank discount badle) on
In reaccepted bids. For details of bill offerings, see Table 2.
openings, the amount Issued Is In addition to the amount in original
offering.
2/ FrtDOJ date of additional Issue in case of a reopening.
2/ Subscriptions shown are from the public, but amounts Issued Include
allotments to Government Investment accounts.
For maturing securities exchanged for the new Issues, see Table 6.
Exchange offering available to owners of nonmarketable 2-3/4)6 Treasury
For fyrther
Bonds, Investment Series B-1975-80, dated April 1, 1951.
Information on the original offering see "Treasury Bulletin" for
April 1951, page A^l. Amounts shown are as of July 31, 196I6/ The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 19537/ Total allotments on caSh subscriptions were limited to approximately
Nonbank subscriptions in amounts up to and including
fl,OCX) million.
$5,000 were allotted in full. All other subscriptions were allotted
Coamercial
banks' subacrlptionfl were restricted to an
percent.
20
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury alBO 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 at any time not
later than July 31, 1953.
8/ Tax anticipation bill, acceptable at face value in payment of Incocfte
and poroflta taxes due on the quarterly payment date Immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accznied interest
to maturity in payment of income and profits taxes due on the quarterly
payment date linnedlately preceding maturity.
10/ Subscriptions for amounts up to and Including $100,000 were allotted
Subscriptions for amounts over $100,000 were allotted 67
in full.
percent but in no case less than $100,000,
Subscriptions
for amoxints up to and including $10,000 were allotted
11/
In full. Subscriptions from mutual savings banks, insurance cooipenles,
pension and retirement funds, and State and local governments were
allotted 24 percent. All others. Including comoercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription,
12/ Subscriptions for amounts up to and inclxiding $10,000 were allotted
in full. All other subscriptions were allotted 22 percent but in no
case less than $10,000.
Subscriptions for amounts up to and including $50,000 were allotted
IJ/
Subscriptions for amounts over $50,000 were allotted 40
in full.
percent but In no case less than $50,000.
for amounts up to and Including $50,000 were allotted
Subscriptions
i4/
in full. SubscriptlonB for aiMunts over $50,000 were allotted 50
percent but in no case less than $50,000,
13/ Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for iBDre than $100,000 were allotted 62 percent but In no
tions for i^re than $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue were allotted to Govenmient
investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Oovemment investment accounts. Payment of not more
than 50 percent could be deferred until not later than October 21,
2^
^
^
17/
18/
19/
20/
2X/
22/
_V
^l/
2i/
case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions frco all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
In addition to the
than $25,000 were allotted not less than $25,000.
amount allotted to the public, $25 million of the bonds were allotted
were given
Investors
Savings-type
accounts.
to Government Investment
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than
60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for n»rG than $100,000 were allotted 32 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for IBDre than $100,000 were allotted 29 percent but in no caae
less than $100,000.
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
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 subscriptlonr. for acre than $100,000 were allotted not less than $100,000.
In addition, $100 million of the notes were allotted to Government
investment accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months* advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
thr' ? months' advance notice.
Sub; riptions in excess of $100,000 were allotted 22 percent for the
Subscriptions for
cer'. .ficates and 28 percent for the notes.
$10^,000 or less for both issues were allotted in fxill, and subscrip-
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype Investors and 12 percent to all other sxibserlbers but in no
case less than $10,000.
In addition, $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, $100 million of the bonds were
allotted to Goveranent inveatjaent accoxints.
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, $100 milllan 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 24 percent but in no caae
less than $25,000.
In addition, $100 milUon of the notes were
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscription
for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to ccnmercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition, $100 million of the bonds were allotted to Government
investment accounts.
Subscriptions for $100,000 or leas were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
minimum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum.
In addition,
$100 million of the iK>tes were allotted to Government investment
accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in do case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions fron coomerclal banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions frcm all other Investors totaled $610 million and werallotted 15 percent. SuDscriptions for $25,000 or less were allotted
In full when accao^ianied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition, $50 million of the bonds were
allotted to Government Investment accounts. Savings-type Investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not lees than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959)
Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions from savings-type Investors totaled $240 million and
were allotted 65 percent. Subscriptions frooi cconercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions frcxn all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and conmercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
minlmnnfl were allotted not less than the minlmums.
In addition,
$50 million of the bonds were allotted to Government investment accGU
Full -paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full
Subscriptions frcm savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
frcm coanercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not leas than $1,000 on
any one subscription. In addition, $100 million of the notes were
allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature In 1960, were offered in exchange
the 4-3/4% notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4?^. analler denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amounted to $3
million.
Issued as a rollover of maturing one-year bills.
'
''
2fi/
|
23/
iQ/
-31/
^
]Si/
\
1957.
22/
2Z/
2m
JA/
2m
2s/
J2/
-22/
.
.
J2/
^0/
August 1961
^i
PUBLIC DEBT OPERATIOIB
Footnotes to Table 4.- (Continued)
a/
i2/
iS/
^
Savings-type Investors were given the privilege of paying for the
bonds in inteallments up to June 15, I960 (not leas than ^O percent
by April K, the delivery date; 70 percent by May 15; and full
payment by June 15). In addition to the amoxmts allotted to the
public, ^00 million of the bonds were allotted to Government investment accounts.
Subscriptions for ^100,000 or lees were allotted In full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.'; million of the notes were
allotted to GovemiDent investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than |25,0O0 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
-4-3/456 Treasury notes maturing August 15, I960 (see Table 6, footnote 22).
In addition in order that holders of 3-5/836 Federal
National Mortgage Association notes maturing August 23, I960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, In behalf of the Association, offered to pxjrchase such
notes on August 15, 1%0, at par and accrued Interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 44).
Consists of allotments on subscriptions from holders of Treasury
notes matiu-lng August 15, 1%0,
Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
Investment accounts, and the Federal Reserve Banks as provided In
the offering circular, totaled $6,285 million and were allotted in
full. Subscriptions subject to allotment totaled $11,104 million
and were allotted in full up to and including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000.
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/256 bonds of 1980, $215.9 mlUlon of the 3-1/2* bonds of 1990,
and ^36.5 million of the 3-1/2JK bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
^% bonds, vith certain^adjustments as of December 15, I960, at a price
of lodf.
analler denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds vQion payment of any
cash difference. Cash payments amounted to about $362,000,
51/ Suscrlptiona were permitted to be made with payment in cash or in
4-7/83C Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
pz/ Consists of allotments on subscriptlona from holders of certificates
of indebtedness maturing February 15, 1961.
53/ Subscriptions frcm States, political sub-divisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government Investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 mlllionj those
up to and including $10,000 were alloted in full; all irbhers were
allotted 20 percent but in no case less than $10,000.
54/ In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/85t bonds of 1966 and $540 million of the
3-5/8«6 bonds of 1967,
15/ Subscriptions were permitted to be made with payment In cash or in
the 4-3/43C Treasury certificates or 3-5/8* Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
56/ Consists of allotments on subscriptions from holders of certificates
of Indebtedness and Treasury notes maturing Mfty 15, 1961.
^2/ There were allotted In full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, frcm
States, political subdivisions or instrumentalities thereof, public
pension and retlresnent and other public funds, international organizations in which the United States holds memberahlp, forel^ central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other Investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
J7 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25, poo.
58/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
froB August 3, 1961, to November 30, .1961.
Preliminary.
p
50/
hk
Augu
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotmente by Investor Classee on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/ - (Continued)
(In mllllona of dollars)
Issue
August i%l
^1
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Trcasurii Bulletin
PUBLIC DEBT OPHIATIOIB
Table 6.- Dleposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Dete of
August 1961
k3
PUBLIC DEBT OPERATIOIB
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
August 1961
51
PUBLIC DEBT OPEIIATIONS
Table 6.- Dispoeitlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
refunding
or retirement
Trcasuri) Bulletin
52
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
Advance refunding offering. Pursuant to the provisions of section
1037 (a ) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22^ 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the Investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered In exchange
will be taken Into account iqxin the disposition or redemption of the
new obligations.
21/ Holders of 2-1/256 Treasury bonds maturing November 15, 1%1, were
offered the option to exchange the bonds during the period from June 8,
1960, to June 13, I960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for
the notes and ^1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them In payment or exchange, in whole or in part, for the 3-l/8*t certificates or
the 3-7/8< bonds, which were offered In an aggregate of around &-3/4
billion. For detail of offering, see Table 4.
23/ Excess of maturing 4-3/4)6 Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46),
24/ Reopening of an earlier Issue,
25/ Holders of 2-1/2$ Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1%0, to
September 20, 1960, inclusive, the first for 3-1/25C bonds of 1980,
the second for 3-1/256 bonds of 1990, and the other two for 3-1/2)6 bonds
of 1998, subject to allotment If the combined total of subscriptions
for the bonds of 1990 and 1998 exceeded an outside limit of $4.5 billion.
26/ Holders of the maturing certificates were not offered preemptive rights
to exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-1/4)6 notes offered
For detail of offering, see
in the amount of around |6,9 billion.
Table 4.
27/ Excess of maturing 4-7/856 certificates over allotments of new securities
on subscriptions from holders of those certificates (see Table 4,
footnotes 51 and 52).
28/ From March 20 through March 22, 1961, owners of 2-1/4)6 bonds of June
15, 1959-62, 2-1/4)6 bonds of December 15, 1959-62, 2-5/8)6 notes
maturing February 15, 1963, and 2-1/2)6 bonds maturing August 15, 1%3,
were granted the option of exchanging their holdings. The first three
were exchangeable for a new 3-5/8)6 bond due November 15, 1967, and the
Exchanges were
last for a new 3-3/8% bond due November 15, 1%6.
subject to allotment if subscriptions exceeded $5 billion for the
bonds of 1967 or %3 billion for the bonds of 1966.
20/
(Continued)
-
29/
Holders of the maturing certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the $5,250 milll
offering of J% certificates or the $2,500 million offering of 3-1/4$
notes. For detail of offering^ see Table 4.
jO/
Excess of maturing 4-3/8$ certificates and 3-5/836 notes over allotmaite
of new securities on subscriptions from holders of those certificates
and notes (see Table 4, footnotes 55 and 56).
p
Pi-ellmlnary.
Note:
Information on retlpemont of tax anticipation iesusa referred to in
footnote 3, in mlUiona of dollars t
Date of
J
'
August 1961
53
.UNITED STAEES SAYIB3S B0HD6.
Series E and H are the only savings bonds now being
Series E has been on sale since May
sold.
1,
l^*^!,
and
Series H has been on sale since June
Series A-D
1, 1952.
were sold from March 1, 1935, through April JO, 19^1.
Series F and
were sold from May 1, 19'4^1, through April
30,
1952.
Series J and
through April 30, I957.
In Issues,
K
were sold from Hay
1952,
1,
Details of the principal changes
Interest yields, maturities, ^nd other savings
bonds terms appear In the Treasury Bulletins of April 195I,
May 1952, May I957, October and December 1959,and May I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through June 30, 1961
(Dollar amounts in millions
Amount outetanding
Sales 2/
Accrued
discount
Sales plus
accrued
discount
Series A-D 2/
Series E and H
Series F, G, J, and K
3,949
107,023
31,951
1,054
16,213
1,217
5,003
123,237
33,168
4,985
79,431
29,238
43,806
3,709
222
Total A-K
142,923
18,485
161,408
113,654
47, 5U
240
Interestbearing debt
Uatured debt
18
Footnotes at end of Table 4.
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Source:
Redemptions l/
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions l/
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price 2/
Accrued
discount j/
Interest bearing debt
Uatured debt
Fiscal years:
102,282
5,494
6,473
5,846
4,881
8,611
1,234
1,231
1,214
1,216
1,226
1,228
1,240
1,286
110,892
6,727
7,704
7,060
5,097
5,896
5,734
5,547
5,749
52,915
6,515
7,251
7,845
8,958
8,544
7,249
8,557
5,819
49,829
5,853
5,487
7,018
8,055
7,358
6,377
7,542
5,038
764
828
903
1,175
872
1,015
781
104,599
6,173
6,276
5,517
4,605
4,68^
4,320
4,350
9,228
1,236
1,216
1,217
1,215
113,827
7,409
7,491
6,734
5,821
5,924
5,541
5,512
55,893
6,985
7,301
8,264
9,630
7,255
8,772
5,732
52,506
6,270
5,518
7,419
8,574
5,450
7,763
5,851
354
355
340
125
August
September.
479
452
436
683
475
453
599
412
391
October.
November.
December.
346
326
348
440
422
473
413
398
575
355
343
1961-January
February.
Uarch
584
515
435
1935-1953...
1954 i/
1955
i/
1956
1957
1958
1959
4,670
4,505
4,307
4,464
1%0
1961
3,087
657
57,886
58,051
53,355
57,497
54,622
51,984
50,503
47,544
91
128
277
350
374
364
331
47,5U
230
240
3,387
715
783
346
955
805
1,009
881
57,710
57,672
57,924
55,293
52,474
51,192
48,154
47,159
225
686
624
725
734
586
494
368
84
62
47,351
47,337
47,327
259
259
251
5W
57
55
51
47,359
47,394
47,159
246
235
358
534
559
448
489
472
383
423
86
55
66
47,243
47,327
47,395
310
294
270
445
470
498
433
436
455
374
377
393
59
59
63
47,420
47,461
258
251
240
Calendar years:
1935-1953
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1,235
1,221
1,252
Months:
1%0-July
.
April.
May...
June.
Source:
456
416
348
371
370
95
96
94
%
125
129
100
99
97
99
128
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
64
Footnotes at end of Table 4.
47,5M
5*^
Treasurii Bulletin
.UNITED STATES SAVIKGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In milllona of dollars)
Sales 1/
Accrued
discount
Redeoptions 1/
Sales plus
accrued
discount
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Series E and H combined
Fiscal years:
19*1-1953
1954
1955 i/
1956
1957
1958
1959
1960
69,326
4,653
5,225
5,260
4,613
4,670
4,506
4,307
4,464
6,935
1,126
1,123
1,114
1,133
1,161
1,174
1,194
1,254
76,261
5,779
6,348
6,374
5,746
5,831
5,680
5,501
5,717
40,213
4,345
4,544
4,730
5,176
5,187
5,107
5,502
4,627
38,283
3,775
3,911
4,069
4,444
4,129
4,310
4,616
3,906
1,930
570
633
661
732
1,058
797
886
721
71,463
4,889
5,368
5,043
7,500
1,126
1,113
1,124
42,300
4,444
4,652
4,832
40,101
2,199
599
654
670
4,507
4,689
4,320
4,350
1,U3
1,178
1,169
1,224
78,963
6,015
6,481
6,167
5,649
5,867
5,489
5,574
1960-July
August
September
354
355
340
121
94
94
475
450
433
411
401
346
341
333
60
392
59
42,779
42,827
42,868
October.
November .
December.
346
326
348
91
94
122
437
420
471
352
344
362
299
292
307
54
52
55
42,953
43,028
43,137
1961-January. .
February.
456
416
435
126
98
581
513
532
441
375
412
360
80
61
62
43,278
43,416
43,536
443
468
495
372
372
392
316
316
333
56
56
43,607
43,703
43,806
7,665
2,069
2,565
2,941
126
83
127
164
169
116
74
128
V
1%1
36,048
37,482
39,285
40,929
41,498
42, U2
42,716
42,715
43,806
Calendar years:
1941-1953
1954
1955
1956
1957
1958
1959
1960
3,845
3,998
4,162
4,686
4,129
4,636
4,202
5,469
4,856
5,519
4,9%
783
727
883
794
36,663
38,233
40,063
41,398
41,578
42,589
42,559
43,137
Months:
.
March
April
May
348
371
370
June
97
95
97
126
Series F, G,
Fiscal years:
1941-1953
1954 i/
1955 i/
1956
1957
1958
1959
1960
1961
,
29,006
841
1,249
586
268
622
108
108
100
83
65
J,
29,628
949
1,357
686
54
352
65
54
46
46
32
32
29,188
674
1,284
110
103
92
74
58
29,862
1,394
1,010
567
172
58
52
52
38
38
,
3U
350
60
^
and K combined
7,791
2,152
2,692
3,105
3,774
3,350
2,137
3,049
1,188
65
6/
6/
7/
3/
3,605
3,235
2,063
2,921
1,129
59
21,837
20,579
19,080
16,568
13,124
9,842
7,787
4,829
3,709
Calendar years:
1941-1953
1954
1955
1956
1957
1958
1959
I960..
907
475
8,672 6/
2,526
2,636
3,422
4,153
2,395
3,246 2/
1,732 2/ S/
8,517
2,4U
2,510
3,250
3,982
2,318
3,122
1,646
154
112
126
173
171
77
125
86
21,047
19,439
17,861
4,572
4,510
4,459
U,895
10,896
8,603
5,594
4,022
Months:
1960-July
August .,
September
271
60
58
3
75
October
November
December
February
March
3
7
117 8/
112
69
73
6
3,%5
3
4
3,911
3,859
3
3
3
3,813
3,759
3,709
72
61
64
63
May
June
4.
4,407
4,366
4,022
51
207
77
April
3
213 8/
53
1961-Januflry
Footnotes at end of Table
252
71
58
19
4
61
(Continued on following page)
58
60
60
August 1961
55
.UHTEED STATES SAVINGS BONES.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Contlnuedl
(In millions of dollars)
Sales 1/
Accrued
discount
Redemptions 1/
Sales plus
accrued
discount
Sales
price
^
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt
Series E
Fiscal years;
1941-1953
1954
1955
1956
1957
1958
1959
1960
1961
68,936
3,988
4,095
4,219
3,919
3,889
3,688
3,603
3,689
6,935
1,126
1,123
1,114
1,133
1,161
1,174
1,194
1,254
75,871
5,114
5,218
5,333
5,052
5,049
4,862
4,797
4,943
40,207
4,319
4,490
4,622
4,981
4,951
4,889
5,181
4,394
38,277
3,749
3,857
3,961
4,248
3,893
4,092
4,295
3,673
70,819
4,023
4,192
78,319
5,304
5,266
5,018
4,979
4,767
4,856
42,284
4,406
4,572
4,689
5,220
4,658
5,225
4,729
40,085
3,807
3,918
4,018
4,437
3,931
4,342
3,935
2,199
599
654
670
3,875
3,802
3,598
3,632
7,500
1,126
1,113
1,124
1,143
1,178
1,169
1,224
1960- July
August
September
291
299
288
121
94
94
412
393
382
389
380
372
324
320
313
65
60
59
17
15
11
37,462
37,460
37,458
October
November
December.
295
279
294
91
94
122
386
372
416
333
326
344
279
273
289
54
52
10
11
55-
12
37,501
37,537
37,597
353
335
353
126
98
97
479
433
450
423
358
390
297
328
61
62
22
17
22
37,630
37,687
37,725
289
308
306
95
384
405
431
354
351
373
298
296
313
56
56
60
15
16
126
37,739
37,776
37,817
30
360
665
30
360
665
6
26
6
26
,130
,041
1,930
570
633
661
732
1,058
797
886
721
201
188
35,664
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
Calendar years:
1941-1953
1954
1955
1956
4,U2
1957
1958
1959
1960
5,U9
36,036
36,778
37,510
38,087
37,885
38,206
37,748
37,597
783
727
883
794
Months:
.
.
.
1961-January.
Febnjflry.
Uarcb
April
Ifcy
June
97
343
18
Fiscal years:
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
Calendar years :
1952
1953
1954
1955
1956
1957
1958
1959
1960
-
,130
55
55
694
782
318
704
775
041
694
782
818
704
775
108
196
236
217
322
233
108
196
236
217
322
233
182
462
866
1,177
901
631
887
722
718
182
462
866
1,177
901
631
887
722
718
16
38
79
143
16
38
79
U3
248
198
294
267
248
198
294
267
63
56
52
63
22
21
20
22
21
20
Months:
1960-July
AuguM.
,
September
October
November
December.
,
1961-January.
February.,
March
April
May
June
56
52
51
51
48
48
54
19
18
18
19
18
54
103
81
82
103
81
82
17
17
22
17
17
22
59
63
64
59
18
18
63
64
21
21
19
19
18
56
Treasury Bulletin
.UNITH) STATES SAVINGS BONDS,
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Total
Unclassified
1/
2/
Series E and H
Fiscal years:
6,137
5,109
1951
1952
1953
1954
1955
1956
1957
1958
1959
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
1%0
1%1
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
779
90
633 6/
1,260 6/
2,115
2,345
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
51B
47
990 b/
2,M4
1,824
1,625
1,822 7/
940 1/
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
4,258
3,3(X
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
4,9U
,817
,096
1,042
1,012
904
874
619
682
1,526
1,544
543
1,355
283
-150
-210
-212
3,1U
1,097
929
917
593
689
979
1,886
750
1,075
825
-35
34
31
757
-595
120
266
22
-449
-239
3,075
19
1
«
179
-84
U6
185
75
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
5,651
5,074
772
1,015
6,U9
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
6,985
7,301
8,264
9,630
7,255
8,772
6,732
Months:
1960-July
August
September
683
476
453
200
October
November
December.
1,672
2,183
2,355
2,072
1,702
2,268 7/
1,089 2/ 8/
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
464
976
920
3,322
3,091
3,445
48
226
45
279
182
152
178
137
356
302
244
307
270
36
48
31
204
-284
-31
413
398
575
157
216
284
123
168
107
34
48
177 8/
275
309
249
252
286
231
23
23
-19
-127
18
43
1961-January.
February.
March.
.
559
448
489
216
223
261
156
142
187
248
226
283
18
20
76
-22
74
266
247
298
M
-70
April
433
436
455
207
U9
134
189
UO
59
37
50
267
266
245
250
250
227
17
16
18
-41
36
21
.
.
.
.
Ilay
June
.
4«
60 8/
81
97
Source:
Dally Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
In these tables sales of Series A-F and J bonds are included at issue
Note:
4/
price, and redemptions and amounts outstanding at current redemption value.
Series G, 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 interest-bearing debt until
all bonds of the annual series have matured, and are then transferred
to matured debt upon which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2 ) Series F and J bonds for Series H bonds beginning
January 1960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported Ln Table 3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous Issues of the
Treasury Bulletin.
}/ Because there is a normal lag in classifying redeoptions the distribution of redemptions between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
^
6/
7/
8/
2/
*
reports of classified redemptions. All periods shown have been revised
on this basis.
Reductions were made in issues and redemptions of Series £, H, F, G,
J, and K bonds in July 1954 to compensate for the erroneous inclusion
of reissue transactions in June 1954 as reported in the daily Treasury
statement. The amotmts involved were as follows: #18 million for
Issues of Series E and H, $17 million for issues of Scries F, G, J, and
K, and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings b<Hid8 for Treasury
3-l/4)t bonds of 1978-83.
Includes the December 1959 exchanges of Series 1948 F and G bonds for
4-3/4* marketable notes of 1964.
Includes the December 1960 exchanges of Series 1949 F and G bonds for
4)6 marketable bonds of 1969, of which $145 million were reported in
December 1960, and $3 million in January 1961
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured Issues.
Less than *500,000.
August 1961
57
.UNITED STATES SAVINGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series E and H
i/
Combined
(In thousands of pieces)
=
l°^
\^^l.
denominations
$10 -'
2/
$25
«50
$100
$200 2/
$500
$1,000
$5,000
$10,000 i/
Sales 6/
Fiscal years:
1941-53
1954 2/
1955 2/
1956
1957
1958
1959
1960
1,525,848
85,419
85,342
90,053
90,160
89,431
85,882
85,607
86,496
1,043,208
56,903
55,164
56,719
56,327
54,908
52,895
52,972
53,453
235,707
15,686
16,374
18,784
20,256
21,043
20,108
20,220
20,434
171,665
8,810
9,315
10,090
9,969
9,824
9,477
9,208
9,273
7,059
854
884
929
851
893
798
774
789
23,242
1,411
1,578
1,608
1,320
1,304
1,212
1,165
1,202
23,866
1,708
1,945
1,854
1,396
1,413
1,340
1,230
1,298
1,567,783
84,972
87,316
90,786
90,856
86,676
84,945
86,659
1,071,406
55,850
55,618
56,635
56,361
53,200
52,452
53,910
243,370
15,912
17,323
19,825
21,166
20,152
20,050
20,347
175,918
9,006
9,748
10,177
9,846
9,690
9,241
9,184
7,473
862
916
908
887
823
23,895
1,470
1,648
1,500
1,257
1,302
1,141
1,173
24,604
1,809
1,980
1,683
1,305
1,454
1,243
1,238
6,865
6,925
6,965
4,264
4,267
4,303
1,606
1,636
1,680
729
753
742
61
September
October.
November
December.
7,340
6,730
7,426
4,638
4,160
4,706
1,696
1,613
1,736
763
62
720
747
1961-January.
February.
7,708
6,952
8,247
4,727
4,182
5,080
1,777
1,636
1,958
834
790
883
6,618
7,275
7,444
4,030
4,443
4,652
1,592
1,770
1,736
733
788
790
6U
1961p
Calendar years:
1941-53
1954
1955
1956
1957
1958
1959
1960
Months:
1960- July
Au^st ....
.
.
.
March ....
April..
May p.
June p.
Inception to date p.
2,224,237
21,076
1,482,549
338,
775
768
63
60
98
87
18
8
33
56
14
48
29
26
21
27
12
14
16
11
31
15
33
35
29
44
56
40
25
38
30
27
12
19
25
17
10
18
13
12
103
105
1
90
1
1
90
1
60
61
89
87
86
86
88
1
1
75
72
131
122
115
157
146
128
2
77
97
103
103
98
1
67
247,630
13,832
34,041
36,050
137
2,309
357
396
537
633
639
675
10,245
1,151
1,210
1,255
1,354
1,320
1,301
1,351
1,10V
9,553
1,109
1,177
1,281
1,485
1,464
1,451
1,567
1,173
2,481
10,795
1,192
1,225
1,267
1,403
1,250
1,363
1,231
10,074
52
51
99
92
93
109
93
94
1
/
63
68
2
2
1
1
Redemptions 6/
Fiscal years:
1941-53.
1954 7/.
1955 7/.
1956
1957
1958
1959
1960
151,281
15,084
15,650
16,503
103
768,330
62,941
61,049
60,014
60,612
59,880
56,036
56,796
56,016
19,467
18,598
19,507
19,243
89,638
9,480
9,914
9,925
10,590
10,433
10,394
10,634
9,490
1,092,799
92,340
83,700
90,109
96,384
83,902
90,083
90,691
17,702
277
424
371
230
197
161
125
793,959
63,850
59,640
59,520
61,695
57,080
56,389
57,420
158,581
15,643
15,887
17,036
19,777
18,296
19,150
19,716
94,205
9,853
9,842
9,986
10,961
10,075
10,696
10,141
7,360
7,215
7,420
10
10
9
4,682
4,622
4,716
1,590
1,561
1,662
313
784
794
8
4,222
5,080
5,572
1,457
1,733
1,828
704
823
835
46
83
53
52
90
86
94
.
6,607
7,884
8,486
92
99
1
.
7,295
4,571
4,458
4,818
1,578
1,475
1,675
345
734
832
59
50
55
107
86
97
124
94
103
1
1,542
1,538
1,606
766
753
87
87
94
92
91
1
307
54
52
55
97
1
293,498
170,500
6,907
20,294
20,260
63
l%lp...
alendar years:
1941-53
1954
1955
1956
1957
1958
1959
1%0
1,048,924
90,387
89,749
89,953
93,175
93,452
83,647
90,748
87,783
17,568
263
349
429
321
231
177
144
18, 165
725
635
373
454
531
666
627
722
676
5
9
11
9
15
10
1,U5
1,221
1,337
1,578
1,365
1,575
1,364
4
7
1^
9
14
12
Months:
1960-July
August ....
September
October .
November
December
.
.
1961-January.
Februa ry
jj
i/
}/
i/
9
March
6,9U7
7,590
April.
May....
June p.
6,872
6,931
7,216
7
7
4,323
4,403
4,548
1,772,817
19,585
1,241,674
.
.fujeption to date p
Note:
9
9
9
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasury statement, and
reports from Federal Reserve Banks and the Bureau of the Public Debt.
Sales of Series H bonds began on June 1, 1952; the denominations
autliorized were $500, $1,000, $5,000, and $10,000.
Sale was authorized in June 1944, to Armed Forces only, and discontinued
after March 31, 1950.
Sales began in October 1945.
Sales of $10,000 denominations Series E bonds were authorized on May 1, 1952.
^
6/
2/
*
p
55
1
1
1
1
1
1
1
36
Includes sales and redemptions of $100,000 denomination Series
bonds which are purchasable only by trustees of employees'
savings plans beginning April 1954, and also personal trust
accounts beginning January 1955.
See Table 4, footnote 1.
See Table 4, footnote 4.
Less than 500 pieces.
Preliminary.
5S
Treasury BuUetii
.UNITED STATES SAVINGS BONDS.
Table 6.- Sales by States, Series E and H
^
Combined
(In thousands of dollars at Issue price)
Inception
through
June 1961 2/
Alabama
Alaska
Arizona
1,047,048
43,335 i/
385,330
Arkansas
California
Colorado
1%1
1960
July
Sept.
Aug.
2,991
316
1,270
Dec.
3,085
204
1,476
2,992
202
630,858
7,355,006
812,551
1,517
22,230
2,467
1,750
22,889
2,807
1,743
21, UO
2,319
22,450
2,584
Connect icut
Delaware
District of Columbia
1,655,538
270,281
1,135,720
5,239
1,359
2,615
US
1,517
2,722
4,785
1,30E
3,132
Florida
Georgia
Hawaii
1,343,760
1,169,247
414,865
5,411
3,216
9U
5,567
3,434
809
Idaho
Illinois
Indiana
269,301
8,685,351
2,993,748
792
29, U6
9,985
635
27,314
9,847
Iowa
Kansas
Kentucky
2,968,289
1,749,547
1,173,956
9,661
5,540
3,647
Louisiana
Maine
1,032,342
407,480
J.teryland
1,3U,957
2,874
1,181
4,258
Massachusetts
Michigan
Minnesota
3,004,772
5,872,362
2,056,876
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
April
Hay
3,071
198
1,444
3,035
228
1,403
3,237
163
1,399
3,615
225
2,059
3,802
265
2,054
3,225
365
1,699
3,212
351
1,768
3,134
323
1,722
1,542
1,743
20,652
2,447
1,727
20,050
2,501
2,398
28,156
3,291
2,U0
24,801
3,203
2,120
24,342
3,0U
1,839
22,099
2,802
1,624
21,349
2,535
2,907
5,328
1,605
2,123
5,479
1,459
2,588
6,023
1,424
3,497
4,835
1,552
2,425
6,003
1,464
3,601
5,165
1,422
3,503
5,248
1,570
2,701
4,762
3,164
795
5,032
3,251
851
5,323
2,969
786
4,883
3,332
801
8,545
4,184
1,073
7,452
3,469
828
6,348
3,341
780
6,294
3,217
823
5,879
3,131
801
612
597
26,021
10,000
497
24,247
9,104
633
29,332
10,182
912
39,264
13,591
834
33,932
11,421
702
34,991
11,015
549
25,287
9,539
28,630
9,657
509
27,437
10,023
8,940
6,415
3,964
9,478
6,135
3,880
8,699
5,674
4,139
8,641
5,117
3,231
11,944
5,501
3,785
19,728
9,757
5,643
U,544
8,474
4,929
15,174
7,648
4,953
11,136
6,015
3,810
9,872
5,886
3,980
2,825
1,313
4,940
2,619
1,200
4,211
2,562
1,259
4,688
2,476
1,399
4,303
2,579
1,249
4,647
3,910
1,572
5,063
3,213
1,349
4,591
3,192
1,244
5,376
2,714
1,238
4,431
2,655
1,401
5,169
8,235
18,753
6,114
9,338
21,200
5,599
8,747
19,737
5,477
7,679
21,114
5,827
8,528
18,340
5,447
8,727
24,637
5,602
10,202
25,233
7,453
8,827
21,231
6,891
9,488
24,593
6,562
8,464
18,607
6,129
10,080
21,964
5,699
617,768
2,978,706
537, CG7
1,398
10,701
1,458
1,533
11,074
1,485
1,486
10,974
1,277
1,339
10,023
1,383
1,321
10,418
1,623
1,343
10,947
2,255
U,853
1,5%
2,313
1,923
12,294
2,116
1,605
13,070
1,889
1,505
10,430
1,546
1,522
11,079
1,474
1,686,057
125,960
249,349
5,762
553
684
5,937
320
6,080
5,990
427
13,105
678
902
8,981
606
858
9,180
509
904
6,898
405
819
6,782
340
745
7,404
538
769
15,975
U,619
1,1%
47,144
1,334
36,904
15,339
1,112
37,417
13,324
847
39,287
15,010
1,055
39,433
3,323
1,501
1,4%
5,
4,658
1,205
795
582
876
5,961
407
672
3,959,006
256,912
11,869,440
14,008
970
35,817
13,739
964
33,948
13,115
963
34,040
12,834
903
32,906
13,453
894
33,017
13,857
959
33,500
North Carolina
North Dakota
Ohio
1,198,765
538,788
6,653,266
3,701
1,395
22,455
3,298
1,366
24,090
3,302
1,361
22,522
3,479
1,571
23,580
3,190
1,887
22,134
1,776
21,100
4,311
2,253
28,925
3,904
2,163
25,808
3,509
1,851
25,200
3,220
1,608
21,646
21,920
Oklahoma
Oregon
Pennsylvania
1,315,746
1,039,646
8,675,643
4,546
2,605
31,246
5,043
2,600
30,956
4,545
2,294
32,995
4,561
2,197
29,399
4,513
2,336
30,372
4,900
2,168
31,154
6,660
3,892
36,973
5,517
2,588
33,884
5, ICE
2,935
35,429
4,178
2,702
31,912
4,216
2,323
33,454
476,005
611,543
650,128
1,175
1,989
1,909
1,099
1,707
1,864
1,0^7
1,985
1,987
954
1,761
1,295
2,007
2,258
1,593
2,128
3,134
1,027
1,955
2,782
1,317
1,859
2,908
1,099
1,934
2,070
1,158
1,566
2,254
2,457
1,243
1,769
2,150
Tennessee
Texas
Utah
1,114,820
3,806,870
413,105
2,931
11,122
2,930
2,598
9,782
1,245
2,756
11,727
1,329
3,470
2,%5
11,582
1,423
2,674
10,517
1,303
4,007
U,523
U,683
1,644
2,685
11,292
1,461
1,537
1,648
12,800
1,580
2,867
11,310
1,329
2,810
11,128
1,289
Vermont
Virginia
Washington
137,098
1,745,591
1,767,161
406
5,708
5,168
419
6,043
4,403
379
5,791
4,676
383
6,907
4,215
372
319
6,670
4,217
464
6,955
5,677
430
5,797
5,258
367
7,076
4,889
410
4,705
4,053
5,898
4,305
304
5,976
4,505
,072,012
,420,655
3,690
8,098
426
,251
,801
3,781
7,340
462
3,687
7,035
524
4,018
6,728
657
4,236
8,282
576
4,868
10,659
695
,267
,042
763
4,161
7,756
735
3,798
7,361
520
3,787
7,464
655
193
415
177
70
110
117
345
195
183
223
178
271
235
3
5
3
205
204
6
192
136
12
180
62
6
248
93
4
4
4
39
5
2,979,311 i/ +21,559
20,238
15,614
+24,650
+15,713
10,412
10,798
33,527
+49,579
+10,340
+28,261
355,465
339,811
345,691
326,373
348,256
455,705
434,666
348,270
370,691
New Jersey
New Mexico
New York
Rhode Island
South Carolina
South Dakota
West Virginia
Wisconsin
Wyooing
Canal Zone
Puerto Rico
Virgin Islands
Adjustment to daily
Treasury statement.
Total
209,103
63,495
58,905
2,914
107,023,315
353,655
635
Source:
Daily Treasury statement and reports from Federal Reserve Banks.
1/ Sales of Series H began June 1, 1952.
Fig\.res include exchanges of minor amounts of Series F and J bonds
for Series H bonds beginning January i%0; however, they exclude
exchanges of Series E bonds for Series H bonds.
J/ Excludes data for period April 1947 through December 1956, when
2/
^
3,2%
80
715
reports were not available.
In previous Issues of the Bulletin,
data for period Uay 1941 through Uarch 1947 were Included In "Other
possessions," and data for calendar years 1957 and 1958 were included in "adjustment to daily Treasury statement."
Includes a small amount for other possessions.
59
.
OWNHISHIP OF FIEKRAL SBC OR IT US
.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
End of
fiscal
year or
month
.
.
6o
Tr
reasury Bulleti
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3«- Estimated Ownership of Federal Securities
(Par values 1/ In bllU.OQS of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
CoBnerclal
banks
2/
Held by private oonbank Investors
Indl vidua Is
U. S.
Federal Govenunent
Reserve Investment
Banlis
accounts
^
Savings bonds
Series Other
E & H Series i/
1939-Deo
47.6
18.4
15.9
2.5
6.5
22,7
1940- June
Dec
48.5
50.9
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
1941- June
Dec
55.3
64.3
21.8
23.7
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
1942-June
Dec
77.0
28.7
112.5
47.3
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
1943- June
Dec
U0.8
59.4
71.5
52.2
59.9
7.2
11.5
U.3
170.1
1944- June
Dec
202.6
232.1
83.3
68.4
77.7
U.9
19.1
%.5
18.8
1945-June
Dec
259.1
278.7
106.0
115.0
84.2
90.8
1946-Feb. 8/.
June ....
Dec
279.8
269.9
259.5
116.7
108.2
97.9
1947- June
Dec
258.4
257.0
1948- June
Dec
Insurance
Otherconpanies
securities
State and
Corpora- local
savings
tions 6/ governbanks
ment
lAitual
1.9
8.2
6.3
3.1
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
1.1
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
23.7
3.7
6.9
5.4
6.5
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.0
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
2.1
100.2
114,0
46.1
53.3
21.1
25.5
10.1
10,7
U.9
21.7
17.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
20.1
91.9
91.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
M.7
21.1
19.4
24.6
23.9
12.1
12.0
13.7
15.2
7.1
7.3
252.4
252.9
85.9
85.8
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
U.8
7.8
7.9
1949-June
Dec
252.8
257.2
82.4
85.7
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11,6
11.4
15.8
16.8
8.0
8.1
195 a- June
Deo
257.4
256.7
83.9
82.6
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11,6
10,9
18.4
19.7
8.7
8.8
1951- June
Deo
255.3
259.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
1952- June
Deo
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
13.8
1953-June
Dec
266.1
275.2
83.6
89.6
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
1954- June
Dec
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
37.5
38.2
12.1
63.4
11.7
15.1
13.5
15.4
15.3
9.1
8.8
16.6
19.2
13.9
14.4
1955- June
Dec
274.4
280.8
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
65.0
65.0
39.3
40.1
10.9
10.2
U.8
U.8
15.0
14.6
8.7
8.5
18.8
23.5
U.7
U2.3
1956- June....
Dec..,.,
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.7
40.9
41.4
9.4
8.7
16.3
15.6
13.6
13.2
8.4
8.0
17.7
19.1
15.7
16.1
1957- June
Deo
270.6
275.0
79.2
83.7
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.5
63.6
41.5
41.6
7.6
6.6
16.4
15.4
12.7
12.5
7.9
7.6
16.8
18.6
16.9
17.0
1958- June
Dec
276.4
283.0
90.7
93.9
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.1
62.8
42.1
42.5
5.9
5.2
15.1
15.1
12.2
12.7
7.4
7.3
U.8
18.8
16.9
16.7
1959-June
Dec
284.8
290.9
87.6
86.9
61.5
60.3
26.0
54.6
53.7
U2.6
65.6
68.5
42.6
42.4
4.5
3.5
18.6
22.6
12.6
12.5
7.3
6.9
20.7
26.6
291.2
290.7
287.0
84.5
82. 2r
80. Or
59. Or
57. Or
54. 7r
25.5
25.2
25.3
53.2
53.2
53.7
153. 6r
155. 3r
153. 3r
69.3
69. 7r
70. 5r
42.4
42.4
42.5
3.4
3.3
3.3
23.5
23. 9r
24. 8r
12.7
12.6
12.4
6.9
6.9
6.9
24.4
25.2
22.4
288.9
289.5
286.5
82. 3r
82. Or
81. 8r
56. 8r
56. Or
55. 3r
25.6
26.0
26.5
53.2
54.4
55.3
153. 4r
153. Ir
42.5
42.5
42.5
3.2
3.1
3.1
24. 2r
23. 9r
23. 6r
12.3
12.2
12.0
6.8
6.7
6.6
23.1
W9.3r
69. 9r
69. 6r
69. 2r
23.7
20.7
18.0
18.0
18.1
Sept
288.5
288.8
288.6
84. 2r
84. 2r
85. 6r
57.4r
57.5r
58.6r
26.9
26.8
27.0
54.8
55.9
55.5
U9.4r
U8.6r
M7.4r
68. 8r
68. 5r
68. 7r
42.6
42.6
42.7
3.0
3.0
2.9
23. 2r
22. 9r
23. It
12.0
12.0
12.0
6.5
6.6
6.5
21.1
20.4
19.3
17.7
17.4
Oct
Nov
Dec
290.6
290.6
290.4
88. 8r
88. 7r
89. 5r
61. 4r
61. 2r
62. It
27.4
27.5
27.4
55.0
55.4
55.1
U6.9r
67. 6r
67.6r
66. 8r
42.7
42.8
42.9
2.9
2.8
2.7
21. 9r
21. 9r
21. 2r
11.9
11.9
11.9
6.4
6.3
6.3
20.1
20.6
19.7
17.3
17.2
17.0
1961- Jan
Feb
89.3r
88. 6r
86.4r
62. 7r
61. 9r
59. 7r
26.6
26.7
26.7
54.6
54.5
54.9
U6.4r
U7.7r
66. 9r
67. Or
67. 2r
43.1
43.2
43.3
2.7
2.7
2.6
21. It
21. 2r
21. 3r
11.9
17.1
11.8
11.7
6.3
6.4
6.6
20.1
Mar
290.2
290.7
287.7
21.2
19.5
17.3
17.4
April...
May p...
288.2
290.4
88.5
89.0
61,7
62.1
26.8
26.9
54.0
55.5
145.7
66.7
66.6
43.4
43.5
2.6
2.5
20.1
20.6
11 6
11.6
6.3
6.3
20.0
20.6
17.2
17.1
1960^ Jan
Feb
Uarch,
.
April...
May
June ....
July
Aug
16.9
150.3
146. 4r
145. 8r
146. 4r
U5.8
17.8
.2
Source;
^
2/
2/
Office of Debt Analysis in the Office of the Secretary.
United States savings bonds, Series A-F and J, are included at
current redemption value.
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
Consists of coomiercial banks, trust companies, and stock savings banks
in the United States and in Territories and island possessions.
Figures exclude securities held In tniat departments.
1^
8/
P
19.9
U.4
U.l
U.l
13.6
22.6
.9
1.5
6.5
6.3
U.l
15.1
16.7
17.7
17.8
18.0
18.2
17.9
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Includes savings and loan associations, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and Inveetnent*
of foreign balances and international accounts in this country.
Imnediate postwar debt peek.
Pre llminary
r
Revlaed
.
tAugust 1961
61
.TREASDRT SUHVEY OF OfHERSHIP,
The monthly Treasury Survey of Ownership covers
securities Issued by the United States Government and
by Federal agencies. Of all such securities held by the
aopearlng In the September I960 Bulletin, together with
corresponding data for a few prior months.
Holdings by commercial banks distributed according
to Federal Reserve member-bank classes and nonmember banks
are published for June JO and December 3I.
Holdings by
corporate pension trust funds are published for quarterly
savings and loan associations Included In the Survey about
dates beginning with December Jl I949.
appeared In the March I95U Bulletin.
Data for banks and Insurance companies were first
published for March 3I, iglH, In the May iglH Treasury
Bulletin.
Data for corporations and savings and loan
half.
I
-
31, 1961
associations were added to the Survey for June I96O,
respective classes of Investors In the United States, the
banks and insurance companies Included In the Survey
account for about 95 percent and the corporations and
Section
MM
,
They first
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
(Par values - in millions of dollars)
Held by investors covered In Treasury Survey
Total
amount
out stand-
Classification
lug 1/
Interest-bearing securities:
Public marketable
Public nomnarketable
Special issues
189,118
^
53,
a9
Insurance companies
489
savings
and loan
associations
Total interest-bearing securities
287,070
Held by
all other
investors
512
connoer-
cial
banks
mutual
savings
banks
i/2/
2/
54,580
478 6/
6,052
267
4,791
1,343
4,139
160
2,652
117
11,228
10
35,436
2,462
44,503
70,241
48,613
55,057
6,319
6,134
4,298
2,769
11,237
82,401
118,854
U. S. Government investment accounts
and Federal
Reserve Banks
Held by
all other
investors
521 fire,
307
life
casxialty,
end
marine
490
corpora
tiona
44,503
Matured debt and debt bearing no interest 2/-
U. S. Government invert
ment accounts
and Federal
Reserve Banks
6,282
i/
3,301
Total securities issued or guaranteed by the
U. S. Government S/
290,371
Footnotes at end of Table A*
Table 2.- Sumnary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
Total
amount
outstand-
Classification
6,282
commercial
banks
512
Held by Inveators covered In Treasury Survey
Insurance companies
489
savings
and loan
associations
mutual
savings
banks
2/
307
life
5,917
3,026
18,299
27,286
12
232
97
1,339
4,357
205
33
324
4,212
137
79
1,025
2,889
40
27
17
4
189,118
54,580
6,052
4,791
4,139
2,652
85,129
72,215
18,403
1,123
3,125
8,898
225
22,018
26,431
5,580
47
137
326
40
734
3,244
829
108
161
949
376
2,177
1,009
2,206
622
27
17
189,118
54,580
6,052
4,791
78,896
62,349
26,438
8,718
1,527
10,965
225
19,110
26,106
7,402
1,445
99
378
40
671
1,460
2,290
465
108
1,031
350
340
1,965
299
221
1,599
27
189, U8
54,580
6,052
50
1,485
187,583
12
1,321
53,2il7
189,118
54,580
ing
2/ J/
521 fire,
casualty,
and
marine
490
corporations
By type of security:
Issued by U. S. Government:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds
Panama Cana 1 bonds
Guaranteed by U, S. Government §/
38,411
13_,338
56,2-46
80,849
50
225
Tot a
By maturity distribution:
Call clssses (due or first becoming
callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 8/
Total
Maturity elaases (final maturity 2/)t
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 6/
Total
,
By tai status: 10/
Wholly exanpt from Federal IncoiDe taxes. .
Partially exempt from Federal income taxes.
Subject to Federal Income taxes 11/
.
,
Total
Footnotes at end of Table 4.
139
38
605
1,863
6,047
3,457
6,733
15,850
9,311
22,277
2,441
16,628
28,819
86
43
11,228
35,436
70,241
9,674
1,462
73
16,499
12
2,123
232
439
1,237
4
418
1,114
630
50
77
356
7
86
34,400
20,761
8,172
611
1,913
4,341
43
4,139
2,652
11,228
35,436
70,241
376
785
739
9,260
1,811
297
28
»
15,672
12,361
4,667
870
32,740
17,780
8,108
5,027
269
408
7
U
17
717
1,707
1,153
287
49
221
4
1,511
86
742
5,803
43
4,791
4,i:»
2,652
11,228
35,436
70,241
1
6,052
4,791
29
4,105
2,651
16
11,212
35,436
34
118
70,089
6,052
4,791
4,139
2,652
11,228
35,436
70,241
892
2,177
2,112
5
375
38
312
1,496
33
84
180
34
39
5
2
U5
U,819
5
Treasury Bulletin
62
^TRBASUKT SUHVKI OF OntEBSBIP, MLI 31, 1961
Section I - Securities Issued or Guaranteed by the United States Governaent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by Investors covered in Treasury Survey
Total
amount
outstanding
Isaua
6,282
clal
bankfl
S/2/
Insurance companies
512
mutual
savings
banks i/
307
life
521 fire,
casualty,
and
marine
489
savings
and loan
asaoclations
V. S.
490
corporations
Qorem-
ment investment accounts
and Federal
Reserve Banlcs
Treasury bills:
Regular weekly:
June
September
Tax anticipation:
June
Septamb^
1961 - August
1961.
1961 - Nov«ber 1%1.
21,0%
%
103
6
71
15
65
7
14
5,803
2,652
561
1%1.
1%1.
3,504
1,503
683
404
U
1%1.
1,501
1,502
1,502
2,000
189
249
337
842
12
36
3
17
20
19
1
38,411
5,917
232
7,829
5,509
1,026
2,000
33
64
13,338
3,ce6
1961-A.
1962-A. .
1962-D. .
1962-F..,
2,136
647
1,435
9,098
678
242
548
1,882
2,211
158
7,325
1,143
1,213
93
1,675
564
62
6
108
15
48
4
35
2
69
18
1
2,868
657
1,883
595
1,264
602
20
10
Other:
July
October
January
April
1961.
1962.
1962.
Total Treasury bills.
Certificates of indebtedness:
1%1-C.
3-1/8* August
3
May
1962-A.
Total certificates of indebtedness.
Treasury notes:
August
^%
February
3-5/8
February
4
February
3-1/4
.
7
9
11
9
10
12
15
11
109
175
178
195
233
170
233
313
137
139
6,047
3,457
29
49
11
27
615
16
277
4,895
1,838
33
79
38
892
6,733
33
5
1
1
35
41
18
45
40
17
7
138
5
60
78
18
2
25
53
36
2
93
237
23
22
3,683
68
34
34
59
4
65
31
56
103
838
154
21
36
56
15
159
2,791
173
2,242
11
105
191
146
339
42
54
17
33
30
4
4
May
3-1/4
3-3/4
August
November
1962-E.
1962-B..,
1962-0.
1962-C..,
2-5/8
1963-A. .
1963-B.
1963-D.
1963-C..
2,839
1,743
2,754
3,011
2,017
685
994
1,047
31
72
57
21
U
57
4-7/8
February
May
May
November
156
10
84
27
3-3/4
4-3/4
May
May
95
95
5
3U
97
52
76
22
18
4-7/8
877
150
16
15
10
156
50
August
November
3,893
4,933
2,316
4,195
2,200
574
5
1964-D.
1964-A.
1964-B.
1964-C..
48
33
4-5/8
May
2,113
20
October
April
October
715
81
155
164
1-1/2
1-1/2
1-1/2
1965-A.
1961-Kl.
1962-EA.
1962-BO.
1-1/2
1-1/2
1-1/2
1-1/2
April
October
April
October
1%3-EA.
1-1/2
1-1/2
1-1/2
April
October
April
1965-EA.
1965-EO.
1966-EA.
4
3-1/4
Augiist
.
.
5
11
1
2
60
30
65
U
1
39
16
272
15
558
5,006
35
81
10
5
5
2
2
5
6
29
20
40
30
72
64
65
U
3
12
315
56
190
190
25
25
7
100
17
24
10
63
37
6
3
56,246
18,299
1,339
324
1,025
605
2,177
15,850
1959-62
1959-62
1960-65 i2/.
1961
3,962
2,270
1,485
2,239
1,878
1,031
1,321
846
48
10
16
»
»
13
308
106
16
269
450
377
«
50
179
112
29
77
25
15
6,963
1,464
4,317
1,820
3,190
695
2,862
601
95
80
47
203
39
9
7
58
179
94
190
164
56
124
26
19
60
924
17
106
12
28
212
2,378
686
654
62
450
301
1963-H).
1964-EA.
1964-EO.
Total Treasxiry notes.
Treasury bonds:
2-1/4% June
December
2-1/4
December
2-3/4
September
2-3/4
332
551
590
»
52
34
533
506
457
490
466
312
276
237
244
2-1/2
2-1/2
2-1/2
2-1/2
November
June
August
December
1961
3
2-1/2
2-1/2
2-5/8
February
June
December
February
1964
1964-69
1964-69
1%5
3,854
2,639
2,558
6,896
3,^6
2-1/2
2-1/2
3-3/4
Mtrek
March
May
3
August
1965-70
1966-71
1966
1966
4,689
2,929
1,213
1,484
438
159
690
799
3-3/8
2-1/2
2-1/2
3-5/8
November
June
September
November
1966
1967-72
1967-72
1967
2,438
1,781
2,716
3,604
1,416
124
1,154
1,363
55
130
135
153
15
78
23
1962-67
1963
1963-68
Footnotes at end of Table 4.
51
17
1
18
lU
U2
2
71
157
m
119
118
36
116
317
94
80
77
125
49
15
4
178
106
404
490
739
5U
80?
269
34
51
750
8
2
164
96
24
36
66
61
25
64
11
7
1,302
735
56
134
85
39
56
68
87
18
6
U7
24
106
172
310
675
48
114
132
(Continued on following page)
5
August 1961
63
.THEASTJlff
SXmsi 07
OfflEESHIP, MIX 31,
1%1
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Marketable Securities by Issues - (Continued)
(Par values - in mlllloos of dollars)
Held by Investors covered in Treasury Survey
Total
ajaouat
outstanding
Treasury bonds - (Continued):
December 1967-72
2-1/2*
May
1968
3-7/8
October
1969
4
November 1974
3-7/8
4-1/4
3-1/4
4
3-1/2
May
3-1/4
3-1/2
May
3
J-l/2
June
February
November
February
February
November
3,567
1,390
1,424
654
Insurance companies
6,282
comnerclal
banks
mutual
savlnga
banks
2/
s/
y
134
412
179
33
512
121
94
91
79
307
life
172
11
27
26
521 fire,
casualty,
and
marine
107
53
57
27
1975-85
1978-83
1980
1980
470
1,598
884
643
1985
1990
1995
1,133
2,719
2,704
2,343
132
81
61
52
244
161
491
191
466
232
607
41
24
80,849
27,286
4,357
4,212
2,889
50
12
1998.
Total Treasury bonds
Panama Canal bonds 12/
38
23
75
29
53
33
75
53
11
91
6
35
UO
26
23
111
32
82
489
savings
and loan
associations
490
corporations
189,118
54,580
Held by
all other
Investors
35
35
260
268
198
128
2,655
486
836
320
15
38
25
15
104
170
94
176
291
1,171
573
169
151
107
66
107
119
68
11
1
1
U
557
177
352
466
1,169
1,952
754
2,112
9,311
28,819
86
43
35,436
70,241
62
1,863
34
Guaranteed securities 5/
Total public oarlcetable securities.
U- S. Govern^
ment Investment accounts
and Federal
Reserve Banks
6,052
4,791
4,139
2,652
11,228
Footnotes at end of Table 4.
Table 4.- Interest-Bearing Public Nonmarke table Securities by Issues
(Par values - in millions of dollars)
Treasury Bulletin
Sk
.TREiSURT SBOTEI Oy OWNERSHIP, MIT 31, 1961
Section
II
-
Interest -Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - In millions of dollars)
Auqust 1961
65
.MMJKET QUOTATIONS ON TREASDHI SECDRTTIES,
Jlflffi
30, 1961,
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
Oovernment except Paneuna Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
The seourltles listed include all regularly quoted
Oovernment are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount outetand-
66
Treasury Bulletin
.JftRKET QUOTATIONS
ON TREASDRI SiCDRTTIES,
JTJNE
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
30, 1961.
67
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1961
o
6S
Treasurii
.AVHIAGE YJEIDS OF LONG-THW BONDS.
Table !•- Average Yields of Taxable Treasury and Mcx>dy*s Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds
^
yoody's Aaa
corporate
bonds
Treasury
bonds 1/
Uoody's Aaa
corporate
bonds
Treasury
bonds 1/
HuUeti
August 1961
69
.AVBRAGE YIELDS OF LONG-THIM BONDS.
•8
c
I
I
51
I
^
I
^
70
August 1961
n
.
INTERNAL REVEWre COLLECTIONS
.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1946
'48
Beginning with the fiscal /ear 1955, includes undistributed depositor/ receipts and unapplied collections. The whole amount of
is included under "Other excise taxes*
such receipts for excise taxes
O^fiC* of Xtm 5«cr«torir of
fft*
Traaaury
Treasury Bulietin
72
.M3HETAEY STATISTICS,
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
August l%l
73
.
MONETARY STATISTICS-
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
End of fiscal
year or month
Silver
(»1.29+ per
fine ounce)
(135 per
fine ounce)
1953
1954
1955
1956
1957
22,462.8
21,927.0
21,677.6
21,799.1
22,622.9
1958
1959
1960
1961
21,356.2
19,704.6 1/
19,322.2
17,550.2
1959-December
1960-July
August
September
Ratio of silver
to gold and
silver in
monetary stocks
(in percent)
3,8U.3
14.5
3,863.1
3,922.4
3,994.5
4,116.6
15.0
15.3
,306.0
4,346.5
16.8
18.3
18.5
19.9
19,455.9
4,382.7
18.4
19,W3.8
19,005.2
18,684.6
4,393.7
4,391.1
4,387.7
18.7
18.8
19.0
October
November
December
18,402.1
17,910.3
17,766.6
4,384.1
4,378.2
4,375.6
19.2
19.6
19.8
1961-January
February
March
17,441.3
17,372.6
17,388.2
4,372.8
4,362.3
4,358.3
20.1
20.1
20.0
17,389.9
17,403.1
17,550.2
4,353.1
4,350.3
4,346.5
20.0
20.0
April
May
June
Circulation Statement of United States Money.
silver monetary stock see Table 4.
Source:
For detail of
1/
,4U.l
,394.5
15.
15.4
19.9
See Table 3, footnote 3-
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Gold assets X/
End of calendar year or month
Liabilities:
Gold certificates,
etc. 2/
Balance of gold in
Treasurer's account
1953
1954
1955
1956
1957
22,029.5
21,712.5
21,690.4
21,949.5
22,781.0
22,272.9
483.7
489.0
491.2
491.2
508.1
1958
1959
1960
20,534.3
,
19,455.9 2/
17, Ibb.b
20,138.2
19,350.5
17,665.6
396.1
105.4
101.0
August
September
19,143.8
19,005.2
18,684.6
19,024.9
18,895.1
18,580.1
118.9
110.1
104.5
October.
November
December.
18,402.1
17,910.3
17,766.6
18,292.9
17,796.3
17,665.6
109.2
114.0
101.0
1961-January.
February.
March. .
17,441.3
17,372.6
17,388.2
17,325.6
17,261.0
17,285.0
115.7
111.6
103.3
17,389.9
17,403.1
17,550.2
17,274.9
17,280.8
17,441.5
115.0
122.2
108.7
1%0-July
.
.
.
April
May
June
Circulation Statement of United States Money.
Treasury gold stock; does not include gold in Exchange
Fund. See "International Financial Statistics," Table
Comprises (1) gold certificates held by the public and
Reserve Banks; (2) gold certificate credits in (a ) the
fund - Board of Governors, Federal Reserve System, and
Source:
V
2/
Stabilization
1.
in Federal
gold certificate
(b) the redemp-
2/
21,545.7
-21,223.5
21,199.1
21,458.3
tion fund - Federal Reserve notes; and (3) reserve of $156.0 million
against United States notes and Treasury notes of 1890.
The United States payment of the $343.8 million increase in its gold
subscription to the International Monetary Fund, authorized by the act
approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959
(3ee"Budget Receipts and Expenditures," Table 3, footnote 10).
Ircasurij hullctin
7^
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In tnillions of dollars)
August 1961
75
.
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - In millions of dollars)
Sources of seigniorage on silver bxilllon revalued 1/
End of calendar
year or month
j
Seigniorage
on coins
(silver and
minor) 2/
18.5
Newly mined silver 2/
Uisc. silver
(Incl. silver
bullion held
June U, 1934)
Silver Purchase Act
of June 19,
1934
Nationalized
silver
(Proc. of
Aug. 9, 1934)
1935.
1936..
1937.
1938.
1939.
46.1
63.7
69.5
91.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
34.5
34.7
34.7
1940..
1941..
1942..
1943.
1944.
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
1945.
1946.
1947.
1948.
1949.
429.5
491.9
520.5
559.2
578.7
1950.
1951.
1952.
1953.
1954.
1955.
Proclamation
of Dec. 21,
1933
Total
seigniorage
Acts of
on silver
July 6, 1939,
and July 31, 1946 revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
4.2
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
25.7
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
967.3
717.3
37.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
146.8
129.9
127.2
87.6
87.6
37.6
87.6
87.6
87.6
104.7
111.7
81.9
57.2
34.9
6.6
150.3
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
37.6
155.2
156.4
166.0
167.9
167.9
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
50.0
72.9
114.0
98.3
70.3
833.7
833.7
333.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
37.3
33.4
30.0
48.7
48.7
48.7
833.7
333.7
333.7
34.7
34.7
34.7
87.6
37.6
37.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
76.0
72.4
70.8
1,041.0
1,043.7
1,047.8
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
70.0
65.2
60.8
1,053.3
1,061.0
1,065.2
48.7
48.7
48.7
833.7
333.7
333.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
55.0
49.4
45.9
34.7
34.7
16.8
36.0
58.0
74.9
87.3
562.7
580.4
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
37.6
37.6
87.6
37.6
37.6
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
596.6
642.3
694.2
742.2
792.9
807.0
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
1956.
1957.
1958.
1959.
I960.
839.6
390.3
932.0
981.6
1,038.5
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
1960-July
August ....
September.
1,011.5
1,017.8
1,023.6
48.7
48.7
48.7
1,029.9
1,034.9
1,038.5
I
1
I
!
{
I
!
'
October.
November
December.
1%1-January.
Febnaary.
March
April..,
Uay
June p.
Source: Bxireau of Accounts.
1/ These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
2/
silver certificates.
Total of seigniorage on coins and on newly mined silver, beginning
^
1M.6
125.4
134.7
U3.3
U.3
with that for July 1959, is Included under coins; the breakdown is not available after June 1959.
The figures in this column are not cumulative; as the amount
of bullion held changes, the potential seigniorage thereon
changes.
Preliminary.
p
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar,
as of June 30, 1961 p
7
Trca<iuni Bulletin
76
.EXCEANGE STABIUZATION FUHD.
Table 1.- Balance Sheets as of June 30,
Jure 30,
1960, and March 31,
l%0
1961
March 31, 1961
AflBets:
Cash:
Treasurer of the United States, checking account
Federal Reserve Bank of New York, special account
Disbursing officers' balances and advance accounts....
$1,203,994.25
196,234,177.99
3,801.97
203,8U,653.98
3,093.91
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - gold
*204, 156, 197.32
il97 ,441,974. 21
40,383,713.74
44,865,570.79
Foreign exchange due from foreign banks;
Central Bank of Argentina
Swiss National Bank
25,000,000.00
17,000,000.00
24,998,851.95
Investments in United States Government securities
60,000,000.00
51,500,000.00
Accrued interest receivable
321,111.28
211,749.33
Accounts receivable
264,429.64
Unamortized premium on Treasury obligations
Of f ice equipment and f ixtures
Less allowance for depreciation
15,670.52
40,190.27
21,867.42
Tothl assets
18,322.85
3,070.42
43,591.45
24,300.60
330,159,445.35
19,290.85
336,040,507.55
Liabilities and capital:
Accounts payable;
Vouchers payable
Qnployees' payroll allotment account. United States
savings bonds
Miscellaneous
11,232.62
11,998.85
2,784.24
2,494.95
167,253.47
U2,1U.3B
Total accounts payable
Unamortized discount on Treasury obligat ions
Capital account
Deduct - subscription to International Monetary Fund..
156,131.24
181,747.27
31,038.10
20,997.70
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
200,000,000.00
income (see Table 2)
129,972,276.01
135,837,762.58
Total liabilities and capital
330,159,445.35
336, 0,0, 507. $>
Net
Note;
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with that for December 31, 1938, have been published
in the Treasury Bulletin.
J
August 1961
.EXCHANGE STABILIZATIOU FUND.
Table 2.- Income and Expense
Classification
..
.
Treasarij Bulletin
7«
JNTERNATIONAL FIMW4CIAL STATISTICS.
Table 1.- U. 6. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
lind of
Foreign
currency
holdings
calendar year or month
Treasury
Total 1/
1953.
195*.
1955.
1956.
1957.
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958.
1959.
1960.
20,534
19,456
17,767
20,582
19,507
17,804
196a-July
August ....
Sopt ember.
19, U4
19,005
18,685
19,188
19,045
18,725
October.
November.
December.
18,402
17,910
17,767
18,443
17,948
17,804
1961-January.
February.
17,441
17,373
17,388
17,480
17,412
17,433
25
17,390
17,403
17,550
17,43?
17,451
17,603
175
165
186
Ilsrch
April.
Hay
June.
,
July p.
Includea gold in Exchange Stabilization Fund, which Is not Included
in Treasury gold figures shown In "Circulation Statement of United
States Honey." See "Monetary Statistics," Table 3.
17,590
17,527
2/
p
To be published in following Issue.
Preliminary,
August 1961
79
.
CAPITAL MDViMENTS.
Data relating to capital movements between the
published will be exactly comparable to those now presented.
United States and foreign countries have been collected
since 1935. pursuant to Executive Order 6560 of January 15,
193't-,
Executive Order IOO33 of February
S,
I9U9, and
Treasury regulations promulgated thereunder.
j
Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
In the "Treasury Bulletin."
Supplementary Information Is
published at lees frequent Intervals.
i
i
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Reports by banks,
bankers, securities brokers and dealers, and Industrial
I
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury.
Beginning April
195't, data reported by banks In the Territories and
possessions of the United States are Included ,ln the
published data.
The term "foreigner" as used In these reports covers
Section IV provides supplementary data In six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonfinancial concerns. Is published quarterly In the January,
April, July, and October Issues of the Bulletin.
Table 2,
long-terra foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
and dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
and December Issues. Table h, foreign credit
all Institutions and Individuals domiciled outside the
September,
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
"Short-term" refers to original maturities of one year or less, and "long-term" refers to all
other maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 195'*- Issue of the "Treasury Bulletin,"
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-te™ liabilities to foreigners In countries and
areas not regularly reported separately by banking in-
pages
'^5-'^7•
As a result of changes In presentation
stitutions.
Is presented annually, appearing In the April
Issue through 1958 and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 Issue.
Introduced in that Issue, not all breakdowns previously
Table
1.-
Sectlon I - Summary by Periods
Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net capital movement
Calendar year
or month
Net
capital
movement
Changes in liabilities to foreigners
Total
Short-term
banking funds
Transactions in
domestic securities
Changes in claims on foreigners
Total
Short-term
rcasury Ballet
Tr
80
.CAPITAL MDVBffiNTS.
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 liabilities to foreigners
End of calendar
year or month
Payable in dollars
Foreign
official
other
August l%l
81
.CAPITAL MDVIMENTS.
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)
Foreign bonds
Calendar year
or month
;
I
'
I
1
n.a.
n.a.
n.a
n.a.
372.2
225.3
347.3
490.4
634.3
291.4
311.5
710.2
n.a.
n.a.
74.2
Net
purchases
n.a.
n.a.
855.5
-7.4
77.7
93.5
-46.6
-.4
821.2
715.9
293.3
410.1
763.0
556.1
676.8
388.2
382.3
908.4
265.1
39.0
-94.8
27.8
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,U9.7
265.5
24.5
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
65.6
42.6
96.7
70.8
198.2
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
1,445. Or
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562. Ir
509. Ir
591. 7r
52.6
36.1
73.0
82.8
72. 4r
89. 9r
-30.2
-36. 3r
-16. 9r
35. 9r
35. 7r
36. 8r
46. 4r
48. 8r
45. 3r
October.
November.
December.
244.2
35.8
31.3
268. 7r
-24. 6r
-8.3
35. 9r
41. 7r
-5.7r
43. 9r
-46.4
32. 6r
56. Or
52. 2r
-12. Ir
-19. 6r
1961-January.
February.
March.
54.0
45.6
42.8
97. 8r
-43. 8r
53. Ir
73.8
90.8
-28.2
-48.0
38. 5r
58. Ir
51. 5r
63. Or
91. Ir
97.2
122.5
87.0
-53.5
-63.8
-27.3
50.2
56.3
52.0
318.1
.
.
.
1946
1947.
1948....
1949....
1950
755.9
658.7
211.6
321.2
1951
1952
1953
1954
1955
1956
1957....
1958....
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
1959....
1960
945.6
882.9
.
589.2
1960-July
August ....
September.
.
.
.
April..
May p.
June p.
Not available.
Preliminary.
Revised.
43.6
58.7
59.7
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
44.1
77.7
96.3
%.8
72.0
Net purchases
of foreign
securities
3,152.6
227.9
391.9
247.4
402.1
89.0
-29.2
1944
L945
Total
sales
4,008.2
220.5
469.6
340.9
355.4
n.a.
n.a.
19.8
22.1
54.8
446.4
Total
purchases
n.a.
n.a.
3.5
4.5
-17.5
23.3
26.6
37.3
1935-41.
1942....
1943....
.
I
Foreign stocks
Net
pure ha
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.
-126.1
-29.1
-U5.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
1,392. Or
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7r
88. 5r
71. 8r
109. 8r
129. 2r
121. Ir
135. 2r
-40. 7r
-49. 4r
-25. 4r
280. It
79. 7r
63. 9r
310. 4r
100. Or
129. 9t
-30. 3r
-20. 3r
-66. Or
107. Ir
84. Ir
100. 9r
M9.3r
-24. 5r
-33. Or
-42. 2r
-52. 7r
-81. Or
-46.1
-40.6
-20.0
93.8
115.0
111.6
193.5
219.3
159.0
-336a
-237.7
-82. 6r
-10. 5r
-13. Or
-8.5r
1.6r
136. 7r
181. 9r
-644. 7r
-99.7
-104.3
-47.3
82
.
iugust 1961
S3
CAPITAL MOVBffiNTS
,
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
V
(Position at end of period In millions of dollars)
Calendar year
1961
Country
1958
February
January
1960
April
May p
June p
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of.
Greece
.Italy
Netherlands
6.A
24.5
7.1
64.6
.1
.7
10.7
4.1
M.3
lU.A
UO.O
6.3
56.3
29.4
2.3
65.1
5.9
4.3
56.3
1.2
18.1
8.4
102.1
76.5
7.2
35.7
55.6
57.1
54.0
4.8
29.7
38.3
32.0
81. 8r
6.2
22.2
3.5
2.1
7.1
3.7
2.1
17.0
6.1
3.9
Norway
Poland
Portugal
Rumania
Spain
23.4
3.6
8.1
29.7
8.4
Sweden
Switzerland. . .
Turkey
U.S.S.R
United Kingdom.
10.2
24.
42. 4
72. 5
1
123! 9
Yugoslavia
Other Europe.
2,0
1.4
13.2
9.2
34. It
33.3
2.4
61.1
1.8
12.1
9.4
2.6
58.1
1.0
12.3
10.0
35.0
37.2
77. 9r
81.0
6.7
36.0
32.3
44.4
107.7
6.4
1.6
63.3
1.3
13.5
8.6
5.4
37. 8r
33.5
11. 5r
2.4
56.4
1.6
10.6
10.7
44.3
135.2
46.8
7.0
46.0
41.8
36.5
.
Total Europe.
ICanada
97.5
41.7
144.8
7.0
42.4
44.0
2.9
43.0
1.3
9.3
13.9
44.1
U7.5
6.6
33.9
44.7
5.9
2.5
10.5
4.9
2.5
10.3
4.8
2.8
9.8
6.5
2.5
7.6
6.1
6.1
7.1
7.0
18.6
38.4
27.9
48.8
26.4
60.8
41.1
25.2
61.2
31.8
25.7
47.3
120.7
»
245.3
196.6
170.5
167.5
24.4
69.7
23.9
#
173.2
2.9
12.7
11.1
10.9
9.1
7.7
8.9
7.2
12.4
10.1
15.8
10.8
15.7
12.2
16.1
9.8
«
76.2
2.8
57.8
1.8
10.7
11.4
59.5
74.2
34.9
.4
9.6
6.4
2.5
»
7.9
11.3
7.3
24.9
65.3
25.4
63.9
24.3
3.1
164.9
U.9
.4
171.4
2.3
»
10.9
.2
.9
5.8
5.2
653.6
695.9
534.0
716. 7r
645. 9r
608.8
676.0
699.5
695.4
686.9
154.1
242.5
272.3
409.1
417.0
376.7
466.7
498.6
478.4
436.9
39.8
3.1
59.6
4.0
117.1
59.3
67.9
120. 8r
3.9
225. 4r
121. 9r
121.5
4.5
228.4
76.5
79.0
128.0
4.3
240.8
88.3
78.2
127.3
229. 4r
132.6
4.6
202.3
110.9
80.7
142.1
4.6
182.2
115.1
28.9
10.2
25.5
15.8
13.7
343.4r
20.7
20.3
20.2
13.2
20.6
13.3
U.2
W.l
U.9
312.6
305.9
13.1
12.9
326.9
^jStin America:
Argentina,
Bolivia
Brazil.,.
Chile
Colombia
99.
32.
103.
U7.5
Cuba
113.1
166.1
19.1
11.8
293.0
.
Dominican Republic
Guatemala.
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total Latin America.
28.
3.
M.7
7.8
231.0
52.1
50.6
290.8
2.3
5.9
4.0
18.5
30.8
8.4
41.7
169.9
51.0
23.4
30.7
9.8
51.9
17.9
36.0
14.8
47.1
U1.7
52.9
955.8
2.5
6.9
5.6
72.7
80. 4r
8.5
4.1
73.9
80. 6r
20.8
14.0
13.3
343. Or
4.6
246.7
56.7
22.6
44.3
21.7
57. Or
234.5
65.5
26.7
48.0
21.2
50. 6r
230.6
1,099.3
1,176.1
l,355.6r
l,340.0r
2.5
5.5
4.1
2.5
10.4
5.8
57.4
4.7
213.0
117.8
79.2
20.6
12.8
12.1
322.8
14.0
322.0
1U.4
91.3
5.0
5.1
5.2
6.7
6.3
28.2
48.3
19.0
48.4
310.9
59.7
26.2
48.5
18.8
44.1
274.1
63.1
28.9
50.3
17.2
40.5
280.8
61.2
37.8
54.7
15.2
42.7
25.6
51.3
1,389.9
1,374.3
1,394.4
1.8
9.3
9.0
1.7
10.1
10.7
12.1
62.7
45.6
120.7
63.3
1,336.5
1,242.7
1.7
1.7
10.5
11.1
11.9
1.7
9.4
40.5
2U.8
'j
Asia:
China Ma inland
Hong Kong
India
Indonesia
Iran
1.7
8.0
8.1
9.8
.2
.2
.3
.2
.2
.2
.3
.4
.5
.3
21.7
27.3
29.4
32.9
33.7
42.9
47.9
52.2
47.3
47.2
23.6
W.3
23. 9r
806. 7r
27. 5r
878. 7r
2.1
16.2
7.2
3.2
19.3
10.7
29.5
1,162.1
2.5
23.1
11.2
32.8
1,201.1
3.1
26.1
13.8
32.6
1,277.4
2.1
18.6
7.3
31.6
956.3
2.3
18.2
9.6
32.6
1,074.4
1.6
52.9
5.7
23.3
178.6
1.3
66.8
6.1
Thailand
Other Asia
13.7
106.1
12.8
106.5
150.7
24. Or
117.1
21. 6r
119.8
24.2
118.4
22.8
120.6
22.6
125.5
25.2
128.8
26.5
125.8
Total Asia
386.1
435.1
585.8
1,053. Or
l,124.8r
1,223.8
1,354.4
1,452.5
1,502.2
1,603.2
her countries:
Australia
Congo, Republic of the 2/...
Egyptian Region - U.A.R. 2/Union of South Africa
All other
12.7
5.0
1.0
12.0
18.9
12.8
3.7
2.5
21.1
29.1
17.6
3.1
2.0
11.8
21.3
27. 6r
28. Ir
25.3
4.0
6.6
12.7
26.4
26.8
4.2
8.5
13.1
23.8
25.3
3.4
9.7
3.3
10.2
11.0
24.2
28.4
3.8
3.5
11.9
25.3
26.2
2.7
3.0
12.0
26.8
12.5
24.2
22.6
Total other countries.
49.7
69.2
55.8
68. 5r
72. 6r
72.9
75.9
76.3
75.1
2,199.4
2,542.0
2,624.0
3,603. Or
3,600. 3r
3,672.1
3,947.3
4,121.3
4,087.7
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
,
1.7
9.3
9.2
M5.6
323.7
1.2
23.9
9.0
U.7
2.5
3.2
Internet iona 1
Grand total.
X/
2/
3/
Excludes convertible currencies held by U. S. monetary authorities.
Formerly Belgian Congo.
Ifeta on claijLS on the Syrian Region - U.A.R. are not available
separately, but are included in "Other Asia."
Less then *50,000.
Preliminary.
Revised.
2.8
23.6
15.4
U.8
:
1
.
..
Sk
.CAPITAL MDV5MENTS,
Section II - Summary by Countries
3.Net Transactions in Long-Term Domestic Securities by ForeiKners
Table
capital from the United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of
Calendar year
Country
Europe
Austria
Belgium
Czechoslovakia.
Denioark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Poland
Portuga
Rumania
Spa in
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
.
Yugoslavia
Other Europe.
.
-1,018
-4,795
9,885
1
-702
-37
678
-4,476
9,543
3,012
5,235
1,337
-5,715
1,871
-7,645
61
672
39,416
19,046
37
4,494
-14
-651
18,303
-26
2,109
6,111
98,302
4,339
-32,303
79
36
79,027
-12,228
-165
.
Total Europe.
23,161
291,273
-8,357
Canada
Latin America:
Argentina,
Bolivia
Brazil
Chile
Colombia
.
.
Cuba
Dominican Republic
Guatema la
Mexico
Netherlands Antilles and
Surinam
1,255
-448
869
963
1,292
-8,738
-20
408
2,0e8
3,810
524
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
124
4,185
1,483
125
Total Latin America.
8,117
Asia:
Chine Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
257
219
-2,335
-453
85
94
-181
-1,694
2
-756
-493
545
Thailand
Other Asia
9,577
TotRl Asia
4,610
Other countries:
Austra lia
Congo, Republic of the 1/
Egyptian Region - U.A.R, 2/.
Union of South Africa..
All other
Total other countries.
International.
Grand total.
-2 ,249
-174
60
77
441
3,U9
3,553
-157,420
141,776
-3
August 1961
.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
1960
1961
Country
1958
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
,402
602
,387
288
France
Germany, Federal Republic of...
Greece
Italy
Netherlands
17 ,602
203 ,837
885
,585
,641
Norway
Poland
Portugal
Rumania
Spain
,065
-4
358
-5
66
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
.
519
,904
.
Yugoslavia
Other Europe
.
.
Total Europe
.
.
17
,909
35
,745
231,066
Latin America
Argentina.
Bolivia.
Brazil...
Chile
Colombia
-370
292
8,697
913
3,339
Cuba
806
-350
-14
13,488
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
176
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
106
-2,310
-72
-1,642
-8,045
Total Latin America.
15,109
95
Asia:
China Mainland.
-103
Kong
U,490
India
Indonesia
Iran
72
-5
Ifong
Israel
Japan
Korea, Republic of.
-50,564
677
10
659
-25
Philippines
Taiwan
Thailand
Other Asia
-525
-9,874
Total Asia
-45,188
Other countries:
Austra lia
Congo, Republic of the l/.
Egyptian Region - U.A.R. 2/.
Union of South Africa
All other
.
Total other countries.
International
Grand total
6,051
283
-308
5,633
1,221
12
January
February
March
April
May
p
S6
Treasury Bulletin
CAPITAL MDVamfTS
Table
1.
,
August 1961
«7
.CAPITAL MDVaiHJTS.
Section III - Preliminary Detalle by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of June 30, 1961
(Position In thousanda of dollars)
i/
88
Treasury Bulletin
CAPITAL icvomrrs
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of LonR-Term Securities by Foreigners During June 1961
(in tbouBBiids of dollArs
1/
^
Formerly Belgian Congo.
Ctata on purchaees end sales by the Syrian Region
separately, but are included in "Other Asia."
August 1961
29
.CUMULATIVE TABLE OF CONTEMTS.
September 1960 through Auf^ist 1061
Issue and page number
1960
1961
Sept.
Apr.
Uay
Reporting bases.
Treasury financing operations.
Summary of Federal fiscal operations.
Bu dget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Sunniary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions:
Sunmary 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 Govemment agencies in
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fxind
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date June 30, 1961)
9
9
10
11
9
9
9
9
9
9
9
9
10
11
10
11
10
11
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
U
9
9
10
11
12
13
14
14
15
16
13
14
14
15
16
17
17
13
U
u
15
16
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 vfithdrawals from Treasurer's account
Intragovemmental 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....
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
U
U
U
U
15
15
15
16
16
15
19
19
U
U
14
U
19
19
U
u
u
19
19
U
14
15
15
15
16
16
15
16
16
20
21
21
15
15
20
16
16
16
21
16
21
21
15
16
16
20
24
25
19
20
19
20
24
25
19
20
19
20
24
25
19
20
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
22
22
23
24
23
24
27
28
29
22
23
24
22
23
27
2S
24
29
22
23
24
22
23
24
27
28
29
22
23
24
25
30
30
25
25
30
25
31
31
26
26
31
26
32
34
36
27
29
27
29
32
34
27
29
31
31
36
31
33
16
16
20
21
1?
19
20
19
Debt outstanding:
Sumnary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
21
21
Statutory debt limitation.
22
Public debt operations:
Uaturity schedule of interest-bearing public marketable securities
other than regular weekly Treasxiry bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills...
Disposition of matured public marketable securities other than
regular weekly Treasury bills
27
29
27
29
31
31
32
34
36
27
29
27
29
31
31
33
33
38
33
33
38
33
33
38
37
37
42
38
38
43
38
38
43
38
AO
40
45
41
41
46
a
41
46
41
(Continued on following page)
90
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
September 1960 through August 1061
-
(Continued)
Issue and page number
1%1
1960
Sept.
Oct.
Nov.
liar.
Apr.
Uey
June
46
46
46
51
51
52
54
55
47
48
48
49
49
51
50
56
50
52
52
53
Jan.
Feb.
46
46
47
49
46
46
47
49
51
51
52
54
55
56
49
47
49
50
50
57
50
Dae
July
Aug
United States savings bonds;
Cumulative sales and redanptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods. Series £ throiigh K
Redemptions of matured and unmatured bonds
Seles and redemptions by denominations. Series E and H combined...
Sales by States, Series E and H combined
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
"V6
45
45
46
48
48
A5
45
»
50
51
53
54
46
47
46
46
49
49
49
50
49
50
55
56
50
51
50
51
57
58
50
51
50
51
56
57
50
51
51
57
57
52
52
59
52
52
58
52
Treasury survey of ownership of Federal securities:
Ownership by banks. Insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve ^stea (latest date December 31, 1%0)
56
57
Uarket quotations:
End-of -month closing quotations on Treasxiry securities by issues.,
Chart - Yields of Treasury securities
56
58
63
65
60
62
56
58
62
64
56
58
58
60
59
59
63
64
60
65
66
59
60
66
67
59
60
60
61
62
61
62
68
69
65
66
61
62
61
62
63
64
61
63
55
57
61
63
56
58
64
65
58
59
64
65
66
67
60
66
61
67
61
62
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart- Average yields of Treasury and corporate bonds
Internal revenue collections:
Sunnary by principal sources
Chart - Internal revenue collections by principal sources
SuflBiary by States , calendar year 1960
Detail of excise tax collections
,
68
67
68
69
67
63
63
lionetary statistics:
70
71
71
Honey In circulation
lionetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction In weight of gold dollar (latest date
June 30, 1961)
72
73
62
63
63
64
65
68
69
69
70
a
65
66
66
67
68
63
64
64
65
66
,
70
71
71
69
70
70
63
64
64
72
73
71
72
65
66
70
71
71
72
73
73
73
74
75
74
75
65
66
66
67
68
65
66
66
67
68
Exchange Stabilization Fund (latest date March 31, 1961):
72
73
Ba lance sheet
Income and expense
National bank reports;
Earnings, expenses, and dividends for calendar years 1996-60
69
International financial statistics
Capital movements between the Dnited States and foreign countries:
Sunmery by periods since 1935
Sunmiary by countries and periods
Short-term banking liabilities to foreigners, latest Bonth
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term llabllltiea and claims reported by nonfinancial concerns..
Long-term liabilities and claims reported by banks and bankers
Estimated gold and ahort-term dollar resources of foreign countries
and international Institutions
Foreign credit and debit balances in brokerage accounta
Short-term liabilities, countries and areas not regularly reported...
Purchases and sales of long-term securities by foreigners during
ca lendar year 1960
Corporations
Statements
Income and
Source and
and certain other bijBlness-type activities:
of financial condition (latest date Uarch 31, 1961)
expense (latest date December 31, 1960)
application of funds (latest date December 31, 1960)
74
77
81
82
83
66
69
73
74
74
77
81
82
69
67
72
76
70
74
75
75
76
83
78
77
76
77
76
79
83
84
73
76
80
81
67
70
74
75
76
77
85
76
79
83
84
85
70
73
77
78
70
73
77
78
79
79
80
84
79
83
'so
85
86
80
84
86
87
81
83
84
79
98
88
108
GPO>al64«»
U S TREASURY LIBRARY
iiiiiii
1
|iii||i|
nil
iiii|i|iiM nil
0032012
@FedFRASER