Full text of Treasury Bulletin : August 1963
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LIBRARY
ROOM 50sn
JUN
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3 1972
TREASURY DEPARTMENT
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AUGUST
- 1963
UNITED STATES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETPRV
The Treasury Bulletin is for sale by the
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U. S. Government Printing Office, Washington 25, D. C.
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Single copy price varies
August 196)
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
10
Cash income and outgo
20
Account of the Treasurer of the United States
28
Debt outstanding
30
Statutory debt limitation
35
Public debt operations
36
United States savings bonds
62
Ownership of Federal securities
68
Treasury survey of ownership of Federal
securities
70
Market quotations on Treasury securities
78
Average yields of long-term bonds
81
Monetary statistics
83
International financial statistics
87
Capital movements
88
Foreign currencies acquired without purchase
with dollars
107
Cumulative table of contents
109
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least In part on the "Circulation Statement of United States Money." Where these statements are given as sources for individual tables, they are
itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain Interfund transactions which are Included in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
tion on sources or reporting bases is given in connection
This reporting change was made in
The monthly statement of receipts and expenditures
was first published for February 195^. and replaced the
daily statement as the primary source of information on
budget results and other receipt and expenditure data
classified by type of account. At the seuue time, the
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953. The announcement of February 1/,
195'^, with respect to these reporting changes may be found
in the April 195'^ issue of the Bulletin,
The monthly statement shows all receipts and expenditures of the Government, Including those made from cash
accounts held outside the United States Treasury. The
information is compiled from reports 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 reports cover
transactions recorded in the accounts of the agencies
during the reporting period.
The net of the transactions
as compiled from these reports is reconciled in the monthly
statement to changes in the balance in the Treasurer's account and In cash held outside the Treasurer's account and
changes in the public debt outstanding.
Recelptt 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
Transactions of an interfund or
intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be inInterest on the public debt is Included on an
volved.
accrual basis beginning with figures for June 1955 and
Prior to that. It was Included on
the fiscal year 1955.
The same reporting basis as that
a due and payable basis.
in the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
by disbursing officers.
]
United States Government."
cited by name only. Their respective reporting bases are
described below. For other data In the Bulletin, Informawith the tables themselves.
'
agencies to the Treasury.
J
j
'
1
.
accordance with the plan stated in the President's Budget
Message of January IS, 1960. It does not affect the surplus
or deficit.
Figures for earlier periods shown in the Treas-
ury Bulletin were revised to the new reporting basis in the
September i960 issue. The interfund transactions deducted
under this procedure do not include payments to the Treasury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
194s, and figures for prior fiscal years back through 1932
were revised accordingly at that time.
The daily statement on the new basis was first issued
for February 17, 195'+. I" ^^^ deposits and withdrawals as
shown, no distinction is made as to the type of accounts
(budget, trust, etc. ). The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
Some of the withdrawal classithe Treasurer's account.
fications shown are reported on the basis of mailed reports
of checks issued and are adjusted by means of clearing ac-
Except for relatively
counts to the total of checks paid.
minor amounts, noncash interfund and other Intragovernmental
transactions are excluded. The public debt figures in the
dally statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are included, however.
The dally statement before February 17, 195^^. covered
not only transactions cleared through the Treasurer's account but also certadn Government agency transactions which
were handled through commercial bank accounts, and included
noncash interfund and other Intragovernmental transactions.
It provided Information similar to that In the present dally
statement with respect to the statue of the Treasurer's account, and similar to that In the present end-of -month dallj
statement with respect to debt Issuance, retirement, and
Receipts and expenditures, however, were.
classified by type of account, and the budget results shown'
amount outstanding.
j
,
August 196 J
III
Reporting Bases
-
(Continued)
In the dally statement were used ai the basis for reflecting
dled through commercial bank accounts, consisting of market
jthe results under the President's budget program as enacted
transactions In public debt and guaranteed securities, were
iby the Congress.
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November 19^*9 and on a checks-paid basis prior to that time.
j
I
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
The circulation statement reflects transactions through
Through 19^6 they were on the basis of checks paid
the Treasurer's account which affect monetary stocks of gold
Beginning with I9U7,
and sliver and the amounts of coin and currency In the money
supply of the country.
It Is Issued later than the dally
bases.
Iby the Treasurer of the United States.
!
;
j
expenditures made through the facilities of the Treasury
Department 3 Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
'
statement, however, and the figures are based on transac-
of the Department of Defense and Its predecessor organiza-
tions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
tions, were on the basis of checks paid.
that period.
Note:
Transactions han-
Where calculations have been made from unrounded figures, the details may not check to the totals shown.
August 196J
iUl
Treasury Financing Operations
August Refunding
billion each and four 26-week Issues of $0.8 billion each.
In furtherance of the President's balance-of-payments
program,
the Treasury announced on July 2U that It would
Except for the bills Issued July
days and 181 days, respectively,
refund the entire amount of $6.6 billion of securities
or lS2-day maturities.
maturing August 1^, I963, through an offering of a 3-3/'4Cash subscriptions were
percent 15-nionth Treasury note.
In the tabulation following.
not received.
13-week
The maturing securities outstanding consisted of
$5,181 million of 3-1/2 percent Treasury certificates
Of
Series C-I963, dated August I5, I962,
Indebtedness,
and $l,46l million of 2-1/2 percent Treasury bonds of
1963,
dated December I5,
13^^.
In the advance refunding
operation of March 1963. holders of the maturing securities had the opportunity to exchange them for Iseues
Subscription books were
maturing In 1967, 1971. and I9SO.
open only on July 29 through July 31-
Exchanges, on the basis of preliminary reports,
totaled $6,399 million.
Of this total the certificates
exchanged amounted to $5,133 million and the notes to
$1,266 million.
The new notes,
Series F-I96U, are dated August I5,
1963,
and bear Interest from that date at the rate of
3-3/*+
percent per annum payable on a semiannual basis on
November I5, I963, May I5,
November 15,
196'+.
1961+,
and at their maturity on
Bearer notes,
with Interest coupons
attached, and notes registered as to principal and interest were Issued In
$100,000,
denominations of $1,000, $5,000, $10,000,
$1,000,000, $100,000,000, and $500, 000,000.
Payment for the face amount of the notes allotted
was required to be made on or before August I5,
19^3.
Bni
could be made only In the two securities maturing on
that date.
13-Week and 26-Week Bills
Weekly Treasury bills issued in July totaled
$SA
billion, refunding an equivalent amount of bills maturing.
The new issues consisted of four 13-week Issues
of $1.3
5.
which mature In 90
the new bills carry 91-day
Average rates of discount are shown
August 196)
SUMMARY OF FH)ERAL FISCAL OPHIATIONS
(In millions of dollars)
Budget receipts and expenditures
Period
Net
receipts
1/
Fiscal years;
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963p
Expenditures
1/
Surplus,
or
deficit
(-)
Net of
trust
account
and other
transactions
2/
Clearing
account,
etc. 2/
Net
increase
in
public
debt, or
decrease
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,590
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,233
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
108
483
-214
-401
-250
-303
284
151
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
86,900
98,802
-11,903
-107
-100
12,110
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
311
815
-41
101
739
-423
2,711
7,973
7,777
-7,088
-7,040
1,953
-6,306
-7,199
-259
267
1,092
-691
23
-698
234
729
87
-106
-319
-209
-34
376
-21
224
109
-237
5,357
6,729
9,104
7,395
6,858
7,749
-2,038
-129
1,356
June
5,754
7,024
11,615
7,289
7,229
8,102
-1,535
-205
3,513
July
Aug
Sept
3,566
7,089
10,053
7,252
8,541
7,327
Oct
Nov
Dee
3,030
7,027
8,360
1963-Jan
Feb
(Est.
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Months:
1962-Jan
Feb
Mar
Apr
May
Mar
Apr
May
June p
July
.
.
2/
2/
Debt outstanding
Treasurer'
account
bcdance
Public
debt
522
-523
530
-6
-U5
507
448
Subject to
limitation
107
101
111
140
240
444
607
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
315,604
5U
316,118
315,758
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
24
42
355
622
828
83
1,015
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
103
104
109
127
156
330
518
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
4,981
5,626
6,919
296,513
296,983
296,088
347
371
402
296,860
297,354
296,489
296,422
296,917
296,054
5,995
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-447
62
1,770
-1,488
603
-635
-117
179
3,582
Guaranteed Total
securities Federal
securities
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
2,047
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
6,200
20
29
46
52
81
44
74
54
76
34
53
154
204
183
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
-152
381
-145
333
-73
978
470
-896
-1,513
644
1,293
132
258
-317
-384
-130
67
864
2,222
-973
2,M5
8,U1
2,290
10,430
296,952
299,174
298,201
405
430
444
297,357
299,604
298,645
296,922
299,170
298,212
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
738
6,380
8,530
9,268
297,876
301,842
299,498
448
470
487
298,324
302,312
299,986
297,891
301,938
299,612
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
189
2,569
3,323
-1,920
-2,750
591
400
6,518
7,109
7,509
302,067
305,390
303,470
486
503
518
302,553
305,893
303,988
302,181
305,521
303,616
5,533
7,305
9,663
8,013
6,763
7,806
-2,480
5,735
6,953
12,042
3,547
592
345
-924
457
-1,796
1,075
542
1,857
-126
404
-270
-206
864
-53
1,221
-1,645
-2,024
1,961
806
5,485
7,446
8,252
303,417
304,638
302,993
531
541
548
303,948
305,179
303,541
303,577
304,809
303,172
7,590
7,470
7,663
-1,854
-516
4,379
269
-223
-517
-260
-320
41
173
2,038
656
-1,672
978
4,558
6,579
7,558
12,116
303,166
305,204
305,860
562
577
607
303,728
305,781
306,466
303,359
305,413
306,099
7,863
-4,316
192
31
-1,025
-5,118
6,998
304,835
647
305,482
305,115
635
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts aniX expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
1964 Budget document, released January 17, 1963, including effects
of proposed legislation.
More detail for data on this page will be
found in succeeding tables,
Fiscal year figures beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (see page II, 2, and 5). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 10-14.
For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
interest checks and coupons outstanding); also deposits in transit and
changes in cash held outside the Treasury and in certain other accounts beginning with the fiscal year 1954. Net increase, or decrease
Source:
1/
Levels, end of period
(-)
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
86,357
196.4
Net
increase In
Treasurer' s
account
balance, or
decrease (-)
^
p
(-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; $281
billion on August 28, 1954; |278 billion on July 1,1956; t275
billion on July 1, 1957; $280 billion on February 26, 1958; $288
billion on September 2, 1958; $290 billion on June 30, 1959; $295
billion on July 1, 1959; $293 billion on July 1, 1960; $298 billion
on July 1, 1961; $300 billion on March 13, 1962; $308 billion on
July 1, 1962; $305 billion on April 1, 1963; and $307 billion on May
Under the act approved May 29, 1963, the limitation is
29, 1963.
$309 billion from July 1 through August 31, 1963.
Preliminary,
2
August 19 6 J
.BUDGET KECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
{In millions of dollars)
Fiscal year
or month
Interest
RealizaDividends tion upon
and other loans and
earnings investments
Recoveries and
re funds
Royalties
Sale of
Government
property
Sale of
products
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
services
etc
1956..
1957..
1958..
1959..
3,006
2,749
3,196
3,158
554
628
745
I960..
1961..
1962..
1963p.
i,064
1,111
3,206
4,424
967
942
877
757
4,036
918
873
539
334
488
253
103
71
41
27
59
11
61
Apr ....
May
June -p.
273
205
375
10
77
11
71
94
74
July
567
266
79
/.,082
1964 (Est.
1963-Jan.
Feb.
Mar.
. .
601
296
328
328
291
438
674
506
805
743
860
471
587
266
322
343
436
114
,012
371
1,081
1
1
on
154
202
Fines
penalties
and forfeitures
for
J
Other
V
Treasury Bulletin
.
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal Years
DOLLARS"
Billions
DOLLARS
Billions
62
60
58
56
54
52
50
48
46
44
42
40
38
36
34
32
30
28
26
24
22
20
18
16
1949-1963
August 19 6 J
BUIGET EECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(Tn millions of dollars)
Fiscal year
or month
1956
1957
1958
1959
Legislative
Branch
85
97
99
118
Executive
Office
Judicial^
of the
President
37
39
U
5,177
5,006
4,875
539
498
594
667
895
56
56
70
29
,764 3/
1,808
2,053
23
3,948
5,419
5,929
6,669
7,763
31
4,375
5,565
598
9
323
236
346
9
415
1963P
H7
52
57
62
1964 (Est.).
155
69
1
1963-January.
February
March .
H
April. ..
May
June p.
U
11
549
July
u
320
.
9
Commerce
Department
4,473
4,115
4,081
4,109
49
1962
1961
11
Agriculture
Department
47
126
134
153
I960
10
10
Funds
appropriated
to the
President
7,091
391
983
1,293
562 2/
645
382
Health,
Education, Interior
and
DepartCivil
Welfare
ment
functions
Department
Defense Department
Military
Justice
Department
Labor
Department
Post
State
Office
DepartDepartment
ment ^J
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(in millions of dollars)
Interest payments to the Treasury 1/
Fiscal
year or
month
Total
interest
Commodity
Credit
Corp.
1956
1957
1958
1959
315
467
567
355
297
456
557
342
175
340
1960
1961
1962
694
654
633
682
640
620
1963p
513
499
1964 (Est.)..
679
662
1963 -January.
February
March. .
93
25
90
3
3
Apri 1 . .
May
June p.
July
ExportImport
Bank of
Washington 2/
25
24
Housing
and
Home
Finance
Agency
TennesPanama
Canal
Company
Small
Business
Admin.
48
47
17
6
1
3
1
421
31
181
41
45
39
9
7
465
410
330
186
46
90
43
7
15
14
51
118
146
160
9
9
55
176
316
Veterans'
Admin
istration
9
10
20
Other
y
ity
1/
11
57
see
Valley
Author-
Under
Defense
Production
Act
10
14
19
23
32
40
47
55
Reimbursement by
Panama
Canal
Company
2/
20
24
30
42
17
10
9
35
11
Federal
intermediate
credit
banks'
franchise
tax 8/
Charges
for
audits
of
various
agencies
12
6
16
18
13
12
14
16
80
24
25
2
8
5
3
3
38
35
3
245
245
193
2
21
2
1
50
Source: See Table 2.
By Government agencies operated as revolving funds; on loans (see "Debt
y/
Outstanding," Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
2/
Consists of payments by: Office of the Administrator for college
2/
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration.
Direct loan program.
By various agencies for programs under the Defense Production Act.
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
6/
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
7/
8/
Agricultural
Civil Defense Program Fund; Farmers' Home Administration:
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
and the direct loan account, both established pursuant to Title III of
the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning 1960; and St. Lawrency Seaway Development Corporation
beginning I960.
For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
p Preliminary.
Footnotep to Table 3.- (Continued)
2/
2/
V
Vj
u
8/
2/
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than Budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, I960 (A2 U, S.C. 1101); see
Table 1, footnote 12.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1
Under Reorganization Plan No. 2
195^+, certain functions transferred:
of 195A (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
The corporation was abolished
to the General Services Administration.
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
remaining
functions
were
transferred
to the Housing and Home
and its
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (4-9 U.S.C.
13^1 (a)), approved August 23, 1958.
Established pursuant to the National Aeronautics and Space Act of
1958 {LZ U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table 4, These transactions are included in the
11/
12/
13/
14/
»
p
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 10).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed -owners hip corporations) were
classified as trust enterprise funds (see "Trust Account and Other
Transactions," Table 3); previously the operations of the banks and the
corporations, respectively, were classified as public enterprise funds
and were included net in budget expenditures.
Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of %'iUk million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonnegotiable and noninterest-bearing and are payable on demand. See
also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1,
Totals include $175 million allowance for contingencies and $200
million for comparability pay adjustment.
Less than $500,000.
Preliminary.
^j
'i
"'
'i
I
j
\
August 1961
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of June 30, 1963 (Preliminary)!/
(In millions of dollars; negative figures are deductions in the columns In which they appear)
Unexpended
balances
brought forward
July 1, 1962
2/
1/
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 8/
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to
585
53i
12,864
1,158
850
10,898
96
Total
7S,H6
. ,
79
Additional, fiscal year 1963 to date
Increase
Appropriations
4/
Authorizations
to expend from
debt receipts
3
12,983
3,90i
1,060
6,988
6,687
806
28,697
356
49,794
1,091
49,794
1,833
i51
36
230
373
130
il6
1,205
5,340
1,116
319
364
907
422
11,048
3,135
775
625
661
3,673
5,334
1,285
5,340
1,134
319
364
907
423
11,048
3,135
755
Deductions, fiscal year 1963 to date
Expenditures
Total
Deduct:
,
Certain interfund transactions
Total budget expenditures
160
63
24
469
6
36
6,988
7,192
1
813
1,091
-20
625
462
-338
785
3,673
5,534
1,288
70
200
3
70
100,676
Rescissions,
cancellations,
and other
adjustments 2/
Transfers,
borrowings,
investments
7/
Total
151
63
2A
5
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President B/
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Commission
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to
Adjustment to monthly statement of receipts and
expenditures of the Government
V
Other authorizations 6/
1,1U
-298
101,522
Unexpended balances June 30, 1963 {Preliminary)
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
10/
Total 3/
82
6
147
62
23
3,957
7,761
667
4
9,922
1,104
667
43,251
1,128
30,240
308
30,240
318
4,904
1,028
2,269
437
34
2,269
550
3^
3^1
525
47
35
6
4
6,092
2,145
300
16,014
3,335
1,200
86
226
»
317
253
755
291
85
66
3
341
525
14^
185
1,581
587
681
871
2,279
308
1,087
97
312
54,239
408
11,024
2,758
726
465
400
2,552
5,173
13
179
2
-15 11/
93,103
16
97
U5
250
A35
1,581
6U
27
681
8,283
3,050
866
101
861
300
9,853
13,070
2,279
1,209
11,809
97
15
15
27,243
3,531
1,834
86,853
513
92,590
Source; Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
1/
These figures, the latest available, are based on reports from the
ag,encies and as additional information is received are subject to
adjustment preparatory to the closing of the central accounts in the
Treasury for the fiscal year 1963. Subject to adjustment are:
Certain
overseas transactions not yet included; the write-offs or withdrawals
of unobligated 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 1962 amounted to
$820 million); certain indefinite appropriations included on the
basis of Budget estimates rather than final actual figures; other transactions, including those relating to (a) authorizations to expend
from debt receipts, (b) restorations and reappropriations.
2/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations.
<i Consists of authorizations by law for Govemment-Oijned enterprises to
borrow (l) from the Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Remaining footnotes on page 9.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1963 p
Functions
National defense:
Department of Defense-military functions
Military assistance
Atomic energy
Defense-related activities
Function
code
number
1958
051
057
058
059
39,070
2,187
2,268
708
41,223
2,340
2,541
387
41,215
1,609
2,623
244
43,227
1,449
2,713
104
46,815
1,390
2,806
92
48,251
1,711
2,758
24
44,234
46,491
45,691
47,494
51,103
52,744
151
152
153
173
1,910
149
237
3,403
139
217
1,477
137
216
2,126
158
249
2,372
197
2,012
201
2,231
89"
3,780
1,832
2,500
2,817
2,559
251
145
401
1,257
2,552
351
352
353
354
355
3,284
269
297
315
255
5,297
311
315
376
291
3,602
289
330
368
293
3,801
349
301
397
324
4,591
234
303
426
341
5,592
305
342
396
391
4,419
6,590
4,882
5,173
5,895
7,026
1,139
174
59
60
69
44
1,184
201
1,394
331
61
1,564
1,700
303
71
68
1,235
220
65
68
73
81
85
61
74
51
91
55
94
60
94
110
73
1,544
1,670
1,714
2,006
2,147
2,352
315
392
31
494
436
30
774
226
568
508
38
525
265
716
569
36
914
271
781
654
808
672
755
363
92
84
Total national defense
International affairs and finance:
Conduct of foreign affairs
Economic and financial programs, j/
Foreign information and exchange activities
Total international affairs and finance
^,
Space research and technology
Agriculture and agricultural resources:
Farm income support and production adjustment
Financing farming and rural housing
Financing rural electrification and rural telephones.
Agricultural land and water resources
Research and other agricultxiral services
^
^
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
,
,
401
402
403
404
405
409
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
<
,
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development:
Aids to private housing
Public housing
Urban renewal and community facilities
National Capital region
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Other welfare services j/
651
652
653
655
Total health, labor, and welfare
1959
1960
1961
1962
Expenditures
71
744"
280
68
346
41
49
58
59
67
33
797
427
7
74
1,631
2,017
1,963
2,573
2,774
2,816
-126
51
78
26
732
-172
134
130
-44
150
162
-U9
97
108
-547
178
33
30
51
163
261
74
30
970
122
320
349
-78
540
488
1,797
234
700
924
1,969
284
815
510
2,061
304
938
809
2,170
326
1,128
2,437
368
1,354
219
2,782
406
3,059
3,877
3,690
4,244
4,524
4,761
189
178
50
124
259
225
106
141
327
261
120
156
332
286
143
181
337
350
183
207
343
510
206
541
732
866
943
1,076
1,245
2,024
1,036
1,026
2,071
1,153
2,049
1,263
2,017
1,635
3,871
864
921
725
961
388
1,084
279
-13
1,146
183
5,403
5,187
674
170
X
591
222
70
Education:
^
Assistance for elementary and secondary education
Assistance for higher education 6/
Assistance to science education and basic research..
Other aid to education
^
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation '^
Veterans nonservice-connected pension 8/7
Veterans readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 8/
'
'
Total veterans' benefits and services
Footnotes at end of table.
801
802
803
804
805
856
242
5,184
280
266
2,034
1,532
559
1,030
259
5,287
5,266
5,414
(Continued on following page)
185
V
August 196J
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
-
(Continued)
(Fiscal years; in millions of dollars)
1963 p
Functions
Function
code
number
1958
1960
1959
1961
1962
Expenditures
1/
Unexpended
balances end
of period 2/
Interest:
Interest on the public debt
Interest on refxmds of receipts.
Interest on uninvested funds....
851
852
853
Total interest.
7,607
74
7,593
69
9_
7,689
7,671
89
44
102
9,180
76
10_
9,266
,957
83
10
9,120
68
10
74
11
9,050
9,198
9,976
118
135
57
22
131
62
21
715
446
142
322
139
9,891
General government:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management.
Central personnel management
Protective services and alien control...
Other genera 1 government
Tota
1
genera 1 government
901
902
903
904
905
906
908
910
19
502
245
84
233
6g_
47
21
566
295
95
255
86
109
49
20
558
372
84
263
88_
52
22
607
372
140
289
109
653
419
153
300
136
1,284
1,466
1,542
1,709
1,875
71,936
80,697
77,233
82,169
88,419
Undistributed.
Total.
Less:
Certain interfund transactions included in both
expenditxires and receipts
Budget expenditures (see table 3).
567
355
694
654
633
71,369
3,342
76,539
81,515
87,787
1
9
-3
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-)
Net
receipts
Net
expenditures
1/
1/
Net sale, or investment
( ,
by Government
)
agencies in public debt
securities 2/
Net sale, or redemption
(-), of securities of
Government agencies in
the market
1956
1957
1958
1959
-194
195
633
-329
1,996
1,363
829
-2,751
11,607
14,301
16,153
16,769
9,611
12,938
15,325
19,521
-3,235
-2,339
-597
1,130
1,046
1,171
400
1,293
1960
1961
1962
1963 p
-50
-602
i36
108
-870
790
-850
1,151
20,342
23,583
24,290
27,685
21,212
22,793
25,140
26, 534
-925
-855
-494
-2,065
1,746
-537
1,780
1,022
1964 (Est.)..
-107
1,158
29,540
28,382
-2,289
1,024
1963- January
February
March.
-126
-270
-805
1,131
155
990
3,361
2,123
1,795
2,230
1,968
998
-516
-121
-319
-211
-304
269
-223
-517
-492
2,352
-19
1,752
4,656
2,966
2,244
2,304
2,984
830
-2,818
-1,305
-69
244
807
192
-1,232
i,a9
2,651
1,253
171
.
April.
May
June p
..
.
July
Source:
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
1/ Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details
see Table 6.
Preliminary.
p
2/ Includes guaranteed securities (see Table 4).
Note:
Figures in this table differ from those published prior to
August 1963, for shifts in classification including security
transactions of Government-sponsored enterprises from deposit fund
account expenditures to net investment by Government agencies in
public debt securities, and net redemption of agency securities in the
market; and certain deposit fund account receipts from net receipts
to net expenditures.
Table 2.- Trust Receipts
(In millions of dollars)
Fed, Dis-
Fiscal year
or month
1956
1957
1958
1959
FOASI
Trust
Fund
6,937
7,101
7,824
8,109
I960
1961
1962
1963 p
ability
Ins.
Trust
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
339
943
929
739
723
695
758
1,728
1,912
1,855
1,997
10,360
11,824
12,011
13,856
1,062
1,083
1,092
1,145
1,403
1,051
1,081
1,128
2,703
3,803
3,985
4,256
1964 (Est.)..
15,569
1,177
1,219
4,288
1963-January.
February
March. .
167
1,826
1,232
18
141
85
13
868
2,771
1,376
76
201
123
April.
May
June p
.
.
July....
493
V
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
receipts
1/
Total
trust and
other
receipts
Less: Interfund
trans-
actions
2/
Net
trust and
other
receipts
y
11
Au£iust i96J
.TRUST AND OTHER TRANSACTIONS.
-Sponsored Enterprise Expenditures
Table 3.- Trust, Deposit Fund, and Government
of credits)
(In millions of dollars; negative figures are excess
Trust and deposit funds
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
5,485
6,665
8, Oil
9,380
1956
1957
1958
1959
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
611
682
730
778
1
181
361
Unemployment
Trust
Fund
Government
Life
Insurance
Fund
National
Service Life
Insurance
Fund
1,393
1,644
3,148
3,054
512
515
2,736
4,734 2/
3,906
3,816
582
707
626
749
Federal
employees'
retirement
funds
507
591
699
87
792
966
1,512
2,613
94
96
896
955
1,063
1,183
2,945
2,620
2,784
3,017
86
120
80
5U
562
Highway
Trust
Fund
83
1960
1961
1962
1963 p
11,073
11,752
13,270
li,530
746
1,089
1,259
1,136
1,124
1,135
1,111
1,099
3,770
1,354
3,391
1,319
53
15,331
488
196i (Est.)..
1,1U
1,182
1,199
165
98
102
90
101
91
418
748
i22
279
41
18
1963- January.
February
March.
94
95
98
220
153
196
April
May
June p .
1,209
1,217
l,6i6
100
100
122
91
92
91
359
233
276
38
35
34
100
100
122
173
216
301
39
314
100
91
106
1,224
282
July....
.
.
.
561
Other
trust
^
a
Government-sponsored enterprises (net)
Trust and deposit
funds-( Continued)
Fiscal year
or month
Farm
Credit
Administration
Federal
home loan
banks
Federal
Deposit
Insurance
Corporation
-32
Total
trust
and
other
expenditures
Less:
Interfund
Net trust
and other
expenditures
7/
transactions 6/
-134
-148
-154
-161
484
-239
1,092
685
22,120
23,303
25,668
27,038
515
528
505
21,212
22,793
25,140
26,534
26,353
437
396
374
483
182
-487
872
363
908
21,636
23,546
-162
352
28,835
454
28,382
150
-630
-267
-240
-43
-63
-2
-669
-264
-187
1,799
2,243
1,969
4
13
1,795
2,230
1,968
-5
269
292
551
2,245
2,308
3,436
1
528
2,652
196i (Est.).
76
44
5
130
53
80
2,467
2,508
2,157
-82
53
69
-85
24, 576
1,977
2,016
2,885
2,124
66
55
67
170
144
482
69
458
103
165
V
of 1954,
as provided in the Housing Act
approved August 2, 1954 (12 U.S.C. 1719). ''""^^ P'-?^"^
^e^La^e
Treasury, are shown in a separate
Treasury (-), or repaid to the
expenditures).
colZ^and correspondingly are reflected net in budget
r^-onfa^y'raiLhperations,
.inds
of Columbia operating expenditures,
security trust f""^=; ^"^^^
mutual
President
the
to
appropriated
against increment on gold, and
tribal funds; expenditures chargeable
t^isf enterpks?^funds (net). The Railroad ""-Pl°y^-^f ^^f^^Jo
November 1958
Administration Fund is included through
^f ^J^^l^^^°'
(net) and
Insurance Fund
published quarterly), the Employees' Life
1961.
beginning
(net)
Fund
Benefits
the Employees' Health
as deposit funds (see Table 1, Note).
(>/
-17
3
1
2,244
2,304
2,984
3
452
2,651
intermediate credit banks,
Includes banks for cooperatives. Federal
the
These transactions are included in
lltZt.
trust expenditures, but are
detail of both trust receipts and
deducted from the totals.
„n„ „f
P""=^Pf,l^tf
Excludes certain interfund" transactions
resulting in receipts
funds
trust
between
financial interchanges
and expenditures (see footnote 6).
intermediate „^„jjt hanks which
Includes expenditures of the Federal
^^^''^^^JJf
until
enterprises from January 1, 1957,
were operated as trust fund
classified as a Government1959, when these banks were
pt
l:f'ZfL
.
7/
?rcire"prlncralT.t3trict
Previously shown
-164
-54
9,611
12,938
15,325
19,521
365
V
-169
12
10
11
135
28,483
i
63
9,623
12,947
15,335
19,655
-29
-^
-49
-119
-151
324
46
-627
1,292
1,218
79
84
-57
-1
-104
-104
-115
-124
1,210
July...
485
164
-124
-628
854
I960..
1961
1962..
1963p.
April.
May
June p.
317
-721
264
274
116
562
-75
205
-544
119
91
129
273
946
-73
9,299
12,901
15,962
18,363
711
697
834
.
42
-16
3
168
216
-31
-61
V
.
1963- January..
February.
March. .
Total
-42
206
929
102
176
(net)
425
.
V
Other
operations
Financing
by Treasury
-94
41
Total
trust and
deposit funds
Deposit
funds
1956..
1957..
1958..
1959
565 1/
915 8/
672 1/
5
Federal National
Mortgage Assoc, l/
s/
---\-f
"^f
J^ua^
sponsored enterprises.
Less than $500,000.
Preliminary.
-
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
1956
1957
1958
1959
Total 1/
1960
1961
1962
1963p
,
196A (Est.),
1963- January.
February.
March. .
.
April .
May
June p.
.
July
.
.
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
121
36
-33
-35
597
506
-1,130
-1,232
1,463
220
-499
-1,290
925
855
i9i
2,065
760
707
303
1,774
-726
-225
-1,089
-821
-129
1
2,289
1,915
79
-145
120
-998
-1,035
-881
69
516
121
511
337
12A
55
-830
2,818
1,305
-835
2,739
1,178
-526
1,703
-134
-1,253
-1,270
-726
3,235
2,339
,
V
Total
trust
accounts,
etc. 1/ 2/
3,134
2,302
325
729
552
494
285
21
-72
264
-78
-63
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Federal
intermediate credit
banks
^
Other
trust
accounts,
etc. 1/
August 196J
13
.TRUST AND OTHER TRANSACTIONS.
Table 5«- Sales and Redemptions of Government Agency Securities In Market (Net)
(
In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
1956
1957
1958
1959
-1,046
-1,171
-AGO
-1,293
-30
-33
I960
1961
1962
1963p
-1,746
-1,780
-1,022
-29
-100
-204
-162
196i (Est.)...
-1,024
71
1963- January
February.
March. . .
319
537
.
April.
May
June p
July
.
.
.
.
6
-10
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association
^
Home
Owners'
Loan
Corporation
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS,
Table 6.- Interfund 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
Insurance
Trust Fund 1/
1956
1957
1958
1959
12i
1960
1961
1962
1963p
600
332
361
423
1964 (Est.)...
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/ i/
Unemployment
Trust
Fund 4/
Federal
employees'
retirement
funds
V
District
Total
of
Columbia 6/
3
3
9
6
13
22
211
132
101
38
86
32
37
10
386
13
13
29
423
20
1
1963-January
February.
March.
.
.
April
May
June p.
.
July
.
.
.
.
10
12
10
11
10
135
10
12
12
13
908
515
528
505
454
\
August 196J
15
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 7.- Federal Old-Age and Survivors Insurance Trust Fundi/
(In millions of dollars)
Receipts
Fiscal year
or month
Total
Appropriations
2/
Deposits by
States
^
2/
1937-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963 P
24,000.1
4,483.3 6/
5,039.8
5,534.8
6,937.4
7,100.6
7,824.4
8,108.7
10,360.0
11,823.9
12,011.0
13,855.5
21,819.9
4,053.3 6/
4,496.8
4,988.6
6,270.8
6,243.0
6,794.9
7,084.0
9,192.4
10,537.2
10,600.0
12,351.2
1964 (Est.)
15,568.9 2/
Expenditures other than investments
Net earnings
on investments
26.6
43.3
92.4
98.6
171.6
296.8
472.1
481.1
650.3
755.4
869.6
989.4
2,138.2
386.6
438.9
438.0
487.5
555.3
555.4
543.0
516.4
530.2
539.0
512.4
Payments from
Railroad Retirement Account
Benefit Payments to Railpayments road Retirement
Account
^
11.6
9.6
7.4
5.2
1.6
^
7,400.1
2,717.0 6/
3,364.3
4,436.5
5,485.3
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
14,529.7
6,856.0
2,627.5
3,275.6
4,333.1
5,360.8
6,514.6
7,874.9
9,049.1
10,269.7
11,184.5
12,657.8
13,844.6
124.4
600.4
331.7
360.8
422.5
386.0
13,884.0
1,100.0
519.4
15,330.6
14,648.0
409.2
1,848.4
840.4
400.0
1,564.0
839.0
5.6
265.5
-1.3
3.6
18.9
1,U6.5
2.7
1,157.0
1,156.7
1,117.0
1,134.0
1,125.5
519.7
1,255.6
743.3
492.8
1,039.0
552.0
5.2
193.1
.3
21.7
23.5
191.0
1,172.8
1,166.6
1,163.2
1,149.1
1,142.7
1,134.1
March
166.7
1,825.7
1,231.9
160.0
1,635.0
1,224.5
1.4
171.8
3.8
2.9
18.9
3.5
1,113.5
1,182.5
1,198.9
1,144.2
1,156.9
1,170.9
April
May
June p
867.9
2,770.6
1,376.2
845.0
2,401.0
1,198.8
2.7
345.0
-3.6
20.1
24.6
181.0
1,209.2
1,216.9
1,645.8
1,185.1
1,190.6
1,194.6
422.5
117,080.2
104,432.1
4,948.0
7,641.0
98,113.2
93,848.1
1,839.9
1962-July
August
September.
.
October
November. .,
December. ...
1963- January
February,
,
1937 to date p
.
8/.
35.
Expenditures, etc. - (Continued)
Fiscal year
or month
1937-52.
1953....
1954
1955
1956
1957....
1958
1959
1960
1961
1962
1963 D..
1%2- July
August . . .
September.
October. .
November.
December.
Bureau of
OASI 11/
Reimbursement (-) from
Federal Disability Insurance Trust Fund 12/
1.6
11.6
12.5
1.8
3.1
1.7
252.9
65.1
62.7
76.0
93.7
119.0
138.9
173.2
179.3
223.6
263.5
275.4
-9.1
-17.5
-28.8
-33.2
-60.3
-62.9
2.3
52.3
313.3
-71.3
.2
.2
.2
3.5
3.8
6.6
16,600.0
1,766.3
1,675.5
1,098.4
1,452.1
435.8
-216.3
-1,271.2
-712.7
Total
Investments
Unexpended
balance
u/
16,273.1
17,817.6
19,339.9
20,580.5
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
17,613.2
327.1
548.8
702.8
560.5
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
1,353.8
238.3
19,141.9
17,779.6
1,362.2
25.8
19.1
24.4
-737.3
691.4
-316.3
18,903.9
19,595.3
19,278.9
17,582.6
18,334.2
17,965.6
1,321.3
1,261.1
1,313.3
3.4
3.4
3.7
20.2
20.3
25.3
-653.1
89.0
-419.9
18,625.8
18,714.8
18,294.9
17,310.9
17,446.1
17,060.0
1,314.9
1,268.7
1,234.9
4.2
4.0
4.0
28.0
21.5
24.0
-946.8
643.3
33.0
17,348.1
17,991.4
18,024.3
16,178.9
16,516.1
16,570.7
1,169.2
1,475.2
1,453.6
.2
4.0
3.9
3.9
20.0
22.4
24.5
-341.4
1,553.6
-269.6
17,683.0
19,236.6
18,966.9
16,044.3
17,747.0
17,613.2
1,638.6
1,489.6
1,353.8
32.8
680.4
1,923.8
18,966.9
18,966.9
17,613.2
1,353.8
.2
.3
.1
.
February.
.1
.1
Source:
See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total includes: $15.4 million transferred from general fund for administrative and other costs of benefits payable to survivors of certain
World War II veterans (60 Stat. 979 and 64 Stat. 512); beginning
November 1951, small amounts in the nature of recoveries from expenditures incidental to the operations; and beginning 1958, Ipterest payments from Federal Disability Insxirance Trust Fund, and sale of
waste paper.
2/ Includes unappropriated receipts beginning January 1962. For basis,
see "Budget Receipts and Expenditures," Table 1, footnote 9.
To cover employees of States and their political subdivisions, under
it/
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
See Table 9.
6/ Beginning with the February 1963 Bulletin amounts for refunds of taxes
(formerly included under expenditures) have been deducted from receipts,
7/ Includes $62.7 million proposed legislation, military service credits.
^
(-), i^
assets
16,600.0
18,366.4
20,042.5 8/
21,141.0
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
18,966.9
March
April
May
June p
1937 to date p 8/.
Reimbursement
to general
fund 10/
291.1
24.4
26.0
27.1
30.7
30.9
34.5
39.0
39.4
43.8
45.3
48.5
.1
.1
.3
1964 (Est.).
1%3- January.
Construction 2/
Assets, end of period
Net increase,
or decrease
Administrative expenses
-62.9
-211.8
8/
2/
10/
11/
12/
12/
«
71.6
-1,259.2
-674.2
Includes adjustments to monthly statement basis.
Construction and equipment of office buildings for the Bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
Under the Social Security Act, as amended (42 U.S.C. 401(g) (l)), for
administration of Titles II and VXII of that act and related parts
See
of the Internal Revenue Code (26 U.S.C, 480-482, 1400-1432).
also footnote 11.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance
are paid directly from the trust fund beginning 1947, under provisions
of annual appropriation acts until passage of the Social Security
Act Amendments of 1956 (42 U.S.C. 401 (g)(1)); previously these
expenses were included in reimbursements to the general fund.
See Table 8. This reimbursement is treated as a reduction in
administrative expenses paid from the Federal Old-Age and Survivors
Figures exclude interest (see footnote 2).
Insxirance Trust Fund.
Includes unappropriated receipts beginning Janxiary 1962,
Less than $50,000.
p Preliminary.
Treasury Bulletin
16
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8,- Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal
year or
month
Total
Approriations
i/
1957
1958
1959
1960
1961
196?
1963 p
338.6
942.5
928.7 7/
1,061.5
1,083.5
1,091.8
1,145.2
1964 (Est.).
1,176.8 8/ 1,028.0
333.3
862.9
836.9 2/
928.9
953.3
944.5
993.8
3.9
63.5
58.1
58.1
68.7
77.3
81.8
Payments
Benefits
payments
Total
1.4
16.1
33.7
47.6
61.5
70.0
69.6
1.3
180.8
361.1 2/
561.0
746.3
1,088.5
1,259.2
168.4
339.2
528.3
704.0
1,011.4
1,170.7
82.0
66.1
1,319.0
1,231.0
.1
.2
19.7
3.6
1.3
93.2
94.5
93.1
92.9
94.3
92.8
98.5
96.1
97.8
98.2
95.8
97.4
154.5
97.8
101.7
98.9
97.5
101.4
36.3
156.0
75.7
36.0
135.0
72.0
Oct....
Nov. . .
Deo ...
44.1
107.7
30.8
43.2
90.0
48.0
1963- Jan....
Feb
Mar
18.0
141.2
85.0
17.7
126.0
83.6
Apr
May
June p.
76.4
200.7
123.4
75.0
178.0
89.3
6,591.9
5,853.6
411.5
1957 to date p.
Payments
Interest
from
Railroad
investRet irement
ments
Account 2/
Deposits by
States
2/
1962- July. .
Aug
Sept...
.
Expenditures other than investments
26.8
.2
to
Railroad
Retirement
Account 2/
5.1
11.0
19.6
11.9
44.5
59.7
66.4
118.8
101.5
116.5
10.0
74.0
4.0
-142.2
2,260.0
2,157.0
103.1
.4
.2
.3
-56.9
61.5
-17.4
2,450.8
2,512.3
2,494.9
2,338.9
2,383.8
2,379.3
111.8
128.5
115.5
.3
.3
.3
-54.4
11.6
-16.9
2,440.5
2,452.2
2,435.3
2,332.9
2,328.4
2,256.2
107.7
123.7
179.1
.3
.3
.3
-146.6
43.4
-16.7
2,288.7
2,332.1
2,315.4
2,187.4
2,197.8
2,195.8
101.3
134.3
119.5
.4
.3
-23.4
100.6
1.1
2,292.0
2,392.6
2,393.7
2,180.9
2,233.9
2,277.2
111.1
158.6
116.5
21.6
2,393.7
2,393.7
2,277.2
116.5
1.3
.4
1.0
21.7
4.0
30.2
99.7
100.1
122.3
99.4
99.8
102.4
19.6
299.9
4,198.2
3,922.0
35.8
65.3
.3
218.8
fund during the preceding fiscal year, as determined by the Secretary
of Health, Education, and Welfare (42 U.S.C. -iOlCg) (l)).
Payments
include interest.
For amounts paid from the general fund (42 U.S.C. 401(g) (l)).
Includes unappropriated receipts beginning January 1962.
See Table 7, footnote 6.
Includes $.7 million proposed legislation, military service credits.
Preliminary.
^
6/
2/
8/
p
expended
balance
6/
325.4
1,054.5
1,606.9
2,100.9
2,385.6
2,406.1
2,277.2
13.9
1.1
Source:
See Table 1.
1/ Includes unappropriated receipts beginning January 1962. 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.
For appropriate share of administrative expenses paid from the trust
Investments
337.3
1,099.0
1,666.6
2,167.2
2,504.4
2,507.7
2,393.7
32.3
26.8
Vy
Un-
Total
337.3
761.7
567.6
500.6
337.2
3.3
-114.0
.5
.9
General
fund
1.3
3.0
3.9
3.1
3.1
3.7
3.6
16.9
.3
FQASl
Trust
Fund
Assets, end of period
9.4
18.0
29.5
34.1
62.5
65.3
.9
.8
.2
Administrative:
Reimbursement to-
Net
increase,
or decree se
(-), in
assets
Table 9.- Railroad Retirement Account
(In millions of dollars)
Receipts
Fiscal year
or month
Appropriations
1/
1936-55
1956 6/
1957
1958
1959
1950
1961
1962
1963 p
7,879.0
739.3
722.6
595.2
758.3
1,403.4
1,050.7 2/
1,080.7
1,128.0
7,202.5
634.3
515.9
574.9
525.2
606.9
570.7 2/
554.3
571.7
Expenditiires other than investments
Interest
on
investments
676.5
105.0
106.7
120.3
108.6
110.0
110.9
107.4
105.2
124.4
600.4
336.9
371.8
442.1
86.1
32.2
37.2
396.0
29.3
1964 (Est.).
1,219.0 8/
620.0
112.0
1962- July. .
Aug. . .
Sept...
12.6
88.8
51.3
12.3
86.1
50.3
.2
2.7
Oct....
Nov....
Dec
15.9
82.5
52.3
13.9
77.4
50.9
13.3
83.9
52.9
May. ..
June p.
1936 to
date p 2/..
1963-Jan
Feb
Mar.
.
..
Apr ...
.
From FOASI From
and Fed.
Unempl
Dis. Ins.
Trust
Tr.Fds.2/ Fund 2/
8.9
Total
To FOASI
and Fed.
To
Benefit
Unempl.
payments Dis. Ins. Trust
Tr.Fds.2/ Fund 2/
4,291.6
4,346.5
610.5
596.4
682.0
669.7
729.7
719.5
777.5
768.2
1,136.0
916.4
1,124.1 2/
981.8
1,134.6
1,023.9
1,111.4
1,064.0
21.1
7.4
5.2
1.6
26.8
7.1
8.6
9.4
183.7
132.3
101.5
37.7
9.0
9.9
13.0
10.8
1,075.0
88.2
99.4
88.3
87.4
87.8
87.5
11.0
2.0
5.0
1.4
89.0
101.0
12.4
89.5
88.3
87.9
88.5
11.8
78.5
48.3
1.6
5.4
4.6
89.9
100.7
90.9
89.0
87.9
90.0
16.3
96.2
562.1
12.9
79.8
49.4
3.4
16.4
61.6
442.1
8.9
91.2
92.1
91.1
90.3
89.1
90.2
15,457.2
11,866.3
1,550.6
1,875.7
164.5
11,652.6
11,031.7
Source:
See Table 1.
1/ Includes the Government's contribution for creditable military service
(45 U.S.C. 228c - 1 (n)) until payment was completed in 1954.
Beginning
1952, appropriations of receipts are equal to the amount of taxes deposited in the Treasury (less refunds) under the Railroad Retirement
Tax Act, and transfers are made currently subject to later adjustments
(see "Budget Receipts and Expenditures." Table 1).
Beginning 1954,
includes unappropriated transfers of tax receipts.
2/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and the Federal Disability insurance
trust funds so as to place those funds in the position in which they
would have been if railroad employment after 1935 had been included in
2/
8/
2/
P
2.3
62.2
455.2
Net
increase,
or de-
crease
Assets, end of period
Un-
Total
(-), in
Investments
9.2
9.7
3,532.5
128.6
40.5
-34.6
-19.3
267.4
-73.4
-53.9
16.6
expended
balance
^
assets
33.7
6.8
1,098.8
.9
Administrative
expenses
3,532.5
3,661.2
3,701.7
3,667.1
3,547.8
3,915.3
3,841.9
3,787.9
3,804.6
3,485.9
3,606.5
3,542.1
3,609.0
3,573.5
3,837.8
3,759.5
3,597.0
3,697.5
46.6
54.7
59.7
58.2
74.2
77.5
82.4
91.0
107.1
92.2
120.2
3,908.6
3,816.4
-75.7
-10.5
-37.0
3,712.3
3,701.7
3,654.6
3,525.
3,619.
3,564.
85.9
82.0
100.2
1.0
-73.1
-18.5
-37.2
3,591.5
3,573.0
3,535.8
3,498.4
3,478.6
3,411.7
93.1
94.5
124.1
.8
.7
.9
-76.5
-16.8
-38.0
3,459.3
3,442.4
3,404.4
3,364.7
3,332.8
3,313.0
94.6
109.6
91.4
.9
.7
1.0
-74.9
4.1
471.0
3,329.5
3,333.6
3,804.6
3,235.3
3,238.7
3,697.5
94.2
94.9
107.1
103.4
3,804.6
3,804.6
3,697.5
107.1
.7
social security coverage (45 U.S.C. 228e (k)). See Tables 7 and 8.
See Table 10. Receipts include repayment and interest.
Paid from the trust fund beginning 1950 (63 Stat. 297).
Includes unappropriated receipts beginning fiscal year 1954.
Includes adjustment for change in reporting to a collection basis.
Beginning fiscal 1961, amounts for interest on refunds of taxes,
formerly included under budget expenditures, are treated as transfers
of budget receipts to trust account receipts and are included in
trust account expenditures.
Includes proposed legislation of $50 million, increase in taxable wage
base and $11.7 million for military service credits.
Includes adjustments to monthly statement basis.
Preliminary,
17
August 196J
,
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 10.- Unemployment Trust Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Employment security program
State
accounts
1/
Fiscal
year
or month
Total
Deposits
by
States
Approriations
Railroad Unemployment
Insurance Account 6/
Federal Federal
UnExtended
employ- CompenAdvances ment
sation
from
Account Account
general
5/
fund
1960. .
1961...
1962...
1963 p.
1964
I
Est
19,209.
1,593.
1,492.
1,425.
1,728.
1,912.
1,855.
1,997.
2,703.
3,803.
3,985.
"^' 16,447.3
12/
4,256,
4,288.U
H/
1,371.1
1,246.0
1,146.2
1,330.1
1,541.7
1,500.7
1,700.6
2,167.0
2,398.1
2,728.6
3,008.2
917.0
15.0
17.8
85.3
4.9
4.2
1.6
3.6
3.2
U.2
64.3
167.8
71.2
33.5
183.7
132.3
101.5
37.7
2,770.0 1,098.3
158.0
35.0
1.2
.7
185.2
Oct.
Nov.
Dec.
162.2
489.0
153.0
115.5
431.5
17.5
1963-Jan.
Feb.
Mar,
208.9
819.9
124.6
Apr.
May.
213.3
944.7
111.8
June p
1936 to
date p 16/ 45,963.7
Retirement
Board
2.6
344.4 12/
452.6
945.4
498.1
332.9
2.4
51.5
34.9
-86.4
.7
.7
.4
32.0
34.0
33.0
1.0
4.8
27.2
12.4
67.3
295.3
16.7
99.5
756.2
71.2
35.0
-255.4
6.2
4.0
33.0
12.0
191.5
920.0
7.3
5.1
1.9
19.3
36,586.7 1,742.4
13.0
7.0
833.5
455.2
31.9
12.5
5.2
73.3
212.9
239.8
279.6
176.3
188.9
239.3
34.2
33.4
21.1
.5
418.2
747.7
422.1
338.3
317.5
315.6
41.7
7.6
2.1
358.9
233.5
276.3
291.7
218.1
184.2
36.7
1.4
13.8
9.4
61.7
41.4
3,877.2
I39, 698.9
.3
.2
.4
102.9
375.0
467.6
336.4
2.7
.1
.3
20.0
9,920.9
912.6
1,604.8
1,759.5
1,287.0
1,510.7
2,926.4
2,796.9
2,366.3
3,552.0
2,818.8
2,810.2
3.1
1.5
.4
1.7
1,857.9
Grants
to
States
417.6
.5
339.3
With
drawals
by
States
188.6
191.5
160.2
1.4
2.3
Qnployment
Security
Admin,
Account
2/
2,550.0
1.6
7.5
27.5
State
accounts
1/
204.7
203.5
218.3
216.3
11.0
35.0
19.3
7.9
8.9
3.6
8.1
7.9
Total
1,653.1 10,535.9 JJ,
202.8 1,009.8
224.4 1,744.9
199.1 1,965.4
198.9 1,392.6
224.8 1,643.9
230.9 3,148.0
186.9 3,053.9
188.1 2,736.4
204.5 4,733.7 12/
172.6 3,906.4 12/
191.1 3,815.6
.3
7.0
30.5
729.0'
Admin,
fund 1^
Interest
Advances froroand
Transfers
Deposits profits
from
R, R.
by R, R, on
adminRetireGeneral istration Retire- investment
ment
ments
fund
fund
Account
Board
2/
8/
27.6
71.1
90.4
102.0
153.0
152.7
147.1
149.8
188.1
752.1
88.5
1962-July,
Aug.
Sept
Deposits
by R. R.
2/
2/
1936-52
1953...
1954...
1955...
1956...
1957...
1958...
1959...
Quployment
security program
Railroad unemployment insurance
Qnployment Security Admin,
Account 2/
3,769.6 15/
.1
33.2
30.8
.1
70.5
|34,27S.5 |l,179.0
18
Treasury Bulletin
,
TRUST ACCOUNT AND OTHER TRANSACTIONS
,
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
1941-52
1953
1954
1955
1956
Total
11,229.0
636.6
619.3
Premiums and
Transfers from
other receipts general fund
Special
Benefits
and refunds dividends
Interest on
investments
Net increase,
or decrease
(-), in
assets
Assets, end of period
Total
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
92.5
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
5,803.5
5,713.9
13.2
590.5
649.3
5,511.1
397.7
390.8
405.5
410.2
4,406.9
84.0
72.1
27.8
78.4
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622,6
537.8
512.0
607.5
639.8
634.3
642.6
667.6
663,9
660.0
424.8
459.1
453.4
459.9
483.8
482.8
479.0
19.3
14.4
12.2
10.3
8.4
6.9
6.0
163.4
166.2
168.3
172.4
175.4
174.2
175.0
515.0
543.6
562.1
581.6
707.5
626.4
749.4
515.0
543.6
562.1
581.6
707.5
626.4
749.4
61.0
-39.8
37.5
-89.3
5,583.5
5,679.7
5,751.9
5,813.0
5,773.1
5,810.7
5,721.3
680.2
499.2
8.6
172.4
488.3
488.3
191.9
5,891.8
5,885.0
6.8
1962- July
August . , ,
September.
44.6
42.5
36.8
44,1
42.0
36,0
.5
.4
52.7
52.0
43.4
52.7
52.0
43,4
-8.0
-9,5
-6.6
5,802.6
5,793.1
5,786.5
5,793.4
5,786.4
5,777.2
9,2
6,7
9,3
October. ..
November,
December,.
43.4
39.1
35,3
42,9
38,6
34.8
.5
.1
.1
.1
50.1
44.6
39.5
50,1
44.6
-6,7
-5,4
-4,2
5,779.8
5,774.3
5,770.1
5,772.1
5,768.7
5,763.2
7.6
5.7
6.9
51.5
.6
.4
.4
3.5
38.0
41.3
47.5
37.5
40.9
279.2
40.7
40.7
279.2
40.7
40.7
-227.6
-2,7
.6
5,542.5
5,539.8
5,540.4
5,537.7
5,535.8
5,533.8
4.8
4.0
6.6
39.9
37.7
37.1
.6
.1
. .
40.6
38.2
208.7
.5
.5
171.0
37.7
35.2
33.7
37.7
35.2
33.7
2.9
3.0
175.0
5,543.3
5,546.3
5,721.3
5,537.7
5,540.2
5,713.9
5.6
6.1
7.4
1941 to date p
18,240.4
10,358.0
4, 74618
3,135.6
12,519.1
12,519.1
5,721.3
5,721.3
5,713.9
7.4
,
,
1957
1958
1959
1960
1961
1962
1963 p
,
,
19b4 (Est.)
1963- January. .
February.
March. ,. .
April
May
June p.
.7
.5
.4
Source:
See Table 1.
Note:
This fund vras established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 720).
2,577.3
434.2
444.7
382.9
3,396.0
153.8
177.8
154.9
512.0
39.5
%.2
72.3
U.4
10.4
9.9
13.8
7.1
7.4
Less than J50,000.
Preliminary.
Footnotes to Table 10
1/
2/
2/
^
V
6/
2/
8/
state unemployment funds;used for benefit payments mainly.
Beginning
August 1961, withdrawals by States have been reduced by reimbursements
to State accounts from Federal Extended Compensation Account.
Established by the Employment Security Act of 1960, approved September
13, 1960 (42 U.S.C. 1101(a)), into which are deposited tax receipts
transferred 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 security program and reimbursement
for tax refunds. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures, and only
the excess 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
Beginning 1961, -these transfers are from the administhe trust fund.
tration fund in the trust accoxmt; previously they were from the
general fund. Any remaining excess is credited to the State accounts
(42 U.S.C. 1101 - 1103).
Established by the act approved March 24, 1961 (42 U.S.C. 1105(a)),
which provides for a temporary program of extended unemployment
compensation payments.
For payment 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 Iftiemployment Insurance Act of 1938,
as amended (45 U.S.C. 360(a)), in excess of the amount specified for
administrative expenses (see footnote 8).
Temporary advances are made when the balance in the RalLroad Unemployment
Insxjrance 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 refxmds, repayments are made, plus interest at
3% per annum, pursuant to an act approved May 19, 1959 (45 U.S.C.
2/
10/
11/
12/
\3/
X4/
15/
16/
17/
13/
19/
20/
w
360(d)).
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 Insurance 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 frrnd
(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).
Beginning fiscal 1961 refunds of taxes (principal only) are reported
as deduction from receipts.
Interest paid on refunds of taxes is
included under expenditiires. See footnote 17.
Beginning April 1962 total includes repayments to general fund for
advances to the Railroad Unemployment Insurance Account. Estimate
includes $6.7 million for 1964.
Total includes $2.0 million for proposed legislation.
Total includes repayment to Treasury of $98.5 million, temporary unemployment compensation (-1956 act), and $170.0 million for proposed
legislation.
Includes adjustments to monthly statement basis.
Includes small amounts for interest on refunds of taxes.
Excludes adjustment pursuant to the act of September 6, 1958 (45 U.S.C
361 (a)); see footnote 19.
Includes an adjustment of $7.2 million pursuant to the act of Septenbe.
6, 1958 (45 U.S.C. 361 (a)); see footnote 10.
Includes unappropriated receipts beginning September 1960.
Less than $50,000.
p Preliminary.
19
August 19 6 J
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 12.- InvestmentB of Specified Trust Accounts In Public Debt Securities
by Issues, as of June 30, 1963
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Issue
Public issues:
Treasury bills:
3.055t
Federal Disability
Insurance
Trust Fund
-
November 29, 1963
-
Series
Series
Series
Series
C-1 963
B-1 964
A-1 966
B-1 966
A-1 967
-
Series
Series
Series
Series
-
1964-69 (dated 4/15/43).
1964-69 (dated 9/15/43).
2-5/8
3-3/4
3-3/8
-
1%5
1966
1966
27.7
3-5/8
2-1/2
3-3/4
-
1967
1967-72 (dated IO/20/4I)
1968
34.2
7.0
5.0
3-7/8
-
4
4
-
1968
1969 (dated 8/I5/62)
1969 (dated 10/1/57)
17.4
20.0
57.5
5.0
21.0
3-7/8
4
-
1971
1971
4
-
1972 (dated 9/15/62)
4
3-7/8
4-1/4
-
1972 (dated 11/15/62)...
1974
1975-85
3-1/4
3-1/2
4
-
1978-83
1980
1980
60.2
449.4
153.1
30.2
3-1/4
4-1/4
4
4-1/8
-
1985
1987-92
1988-93
1989-94
25.7
10.0
5.0
3-1/2
-
3
-
3-1/2
2-3/4
-
Treasury notes:
4.-7/8*
5
4-7/8
4-5/8
4
3-5/8
3-3/4
3-5/8
Treasury bonds:
2-1/2*
2-1/2
-
-
-
-
C-1964
A-1965
-
15.0
25.0
5.0
5.0
38.5
B-1967
1990
1995
1998
Investment Series B-1975
Total public issues
Special issues :
Certificates:
3-1/4*
3-7/8
,
22.2
33.0
10.0
*
3.8
100.0
5.0
5.0
32.5
25.0
556.2
85.2
552.0
1,064.9
7.5
3,411.9
112.5
5.0
Series 1964
Series 1964
5.7
Notes:
2-5/8*
3-3/4
3
-
-
32.4
51.7
Series 1965
Series 1964 to 1967
Series 1965 to 1968
Bonds:
2-1/2*
2-5/8
3-3/4
-
3-3/4
3-7/8
3-7/8
-
-
-
Series 1965 to 1968
Series 1965 to 1975
Series 1967 to 1977
2,670.6
8,572.0
Series 1975 and 1976
Series 1977 and 1978
Series 1978
1,240.1
1,738.5
Total special issues
Net unamortized premium and discount
153.6
14,221 .2
-19.
Accrued interest purchased
Total investments
142.5
1,286.9
492.6
17,613.2
2
20
Treasury Bulletin
CASH INCCME AND OUTGO
The cash Income and outgo data appearing In the Treae-
ury Bulletin,
actions which are reported as both expenditures and receipts
beginning with the February 1956 Issue, are
on a baelB consistent with receipts from and payments to
the public as derived In the 1957 and subsequent Budgets
are excluded from both.
of the United States (In the Budget for 1963 In Special
when actual payments are made.
Analysis 3).
certain Interest accrued on the public debt, expenditures
Reconciliation to cash deposits and with-
Noncash Items representing the
obligation of the Government to make payments In the future
also are eliminated from expenditures but are added later
These Items consist of
drawals In the account of the Treasurer of the United States
Involving the Issuance of a few special public debt securi-
shown on the same basis as In the Budget documents.
There Is also shown the amount of net cash borrowing from,
ties, and clearing accounts.
or repayment of borrowing to, the public.
By these arrangedata In accordance with the Budget classifications
are made available month by month.
Figures for back years
have been revised where necessary In order to make them as
received from the public.
ments,
public Includes net borrowing by the Treasury through public
nearly comparable with current Budget classifications as
available data will permit. For this reason certain of the
figures differ somewhat from those published In earlier
of their own securities.
public.
Budget documents as well as In the Bulletin.
public Is reflected In changes In the balance In the Treas-
The Bureau of the Budget series of cash transactions
designed to provide Information on the flow of money
between the public and the Federal (Jovernment as a whole,
and therefore Includes transactions not cleared through
the Treasurer's account.
Receipts and payments Include
urer's account and In cash held outside the Treasury.
Is
ftnd
In trust and de-
posit fund accounts. Operations of Government-sponsored
enterprises are Included In payments on a net basis ae reflected In Treasury reports. Major Intragovemmental trans-
Federal cash borrowing from the
debt transactions and also net borrowing by Government
agencies and Government-sponsored enterprises through sales
It excludes changes In the public
debt which do not represent direct cash borrowing from the
Is
trfinsactlons both In budget accounts
Receipts from the exercise
of monetary authority are excluded as not representing cash
The net effect of all these transactions with the
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Bureau
of the Budget series, but are limited In coverage to trans-
actions which affect the balance In that account. On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
the public In the Bureau of the Budget series.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the
public other than borrowing
Federal receipts from
the public 1/
Fiscal year:
1956
1957
1958
1959
1960
1961
1962
1963P
Federal payments to the
public 1/
Plus:
Net cash
borrowing from
the public, or
Excess of
repayment {-) 1/
recipts, or
payments (-) 1/
Receipts from
exercise of
monetary
authority
Plus:
Change in cash balances
Equals:
Treasurer's account Cash held outside
balance, increase,
Treasury, increase,
or decrease (-)
or decrease {-)
77,087
82,105
81,892
81,660
95,078
97,242
101,865
109,731
72,546
80,006
83,472
94,752
94,328
99,542
107,661
113,857
4,541
2,099
-1,580
-13,092
750
-2,300
-5,796
-4,125
-4,436
-3,100
5,820
8,626
1,848
712
9,592
5,583
1964 (Est.)..,
112,196
122,477
-10,281
10,232
49
1961 -J an. -June.
July - Dec,
53,249
44,680
50,840
53,898
2,408
-9,217
-2,426
9,180
27
283
-200
-274
37
97,929
104,738
-6, 809
6,755
63
83
-74
57,207
49,023
53,813
58,136
3,393
-9,114
UO
6,172
21
24
3,936
-2,922
106,229
111,950
-5,720
6,612
45
1,015
60,720
55,757
4,963
-564
21
6,283
10,350
11,545
7,248
11,323
13,972
8,818
8,780
8,922
9,671
9,992
9,575
-2,535
1,570
2,623
-2,423
1,331
4,397
565
461
-2,067
847
-564
193
-2,024
1,961
806
-1,672
978
4,558
4,693
10,045
-5,353
271
-5,118
Total
1962-Jan.-June.
July - Dec,
Total
1963- Jan -June
.
1963-January.
February,
March
April
May
June p
.
July
.
.
.
23
331
-202
49
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
140
-23
-4
-222
118
-184
59
44
53
55
58
45
4,607
5
199
August 196J
21
CASH INCCME AND OUTGO
,
Table 2.- 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)
Treasury Bulletin
22
CASH INCCME Al© 0UTCX3
Table 3.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
August i96J
23
,
CASH INCCME AND OUTGO
Table 4.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Period
Fiscal year:
1956
1957
1958
1959
Budget receipts which
are also
trust fund
expenditures
1/ 2/
Budget receipts
which are also
Governmentsponsored
enterprise
expenditures
i/
Trust fund receipts which are
also budget expenditures
Interest on
investment in
public debt
securities
36
i5
1,207
1,318
56
59
1,3-12
69
69
79
Interest
on unin-
vested
trust
funds
Payroll
deductions for
employees
retirement 4/
574
644
662
746
1,315
Other
521
695
681
846
819
,618 b/
,410
10
10
10
747
11
917
962
1963P
90i
1,327
l,40i
1,423
l,i67
1964 (Est.)..-
505
1,543
948
1,183
196l-Jan,-June.
July - Dec.
176
i6
980
431
439
1,043
876
222
1,410
33
398
993
429
430
1,422
507
1,038
25
383
64
9
39
11
20
7
40
61
876
1960
1961
1962
Total
1962-Jan.-June..
July - Dec.
Total
1963-Jan -June
.
1963-January.
February.
March
.
April
May
June p
.
.
,
7
July
See Table 1.
Includes reimbursements for administrative expenses by the Federal
Old-Age and Survivors and the Federal Disability Insurance trust
funds, and beginning 1961, the Unemployment Trust Fund; reimbursements
for refunds of employment and certain excise taxes (highway) through
fiscal 1960; reimbursement by the District of Columbia; Federal
National Mortgage Association for payment of dividends, interest, etc.,
under 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.
See Table 2, footnote 2.
Consists of payment of franchise tax by banks for cooperatives, and
also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by
Source:
1/
2/
j/
(if
341
848
a9
10
858
429
447
11
876
471
Total
2/
Treasury Bulletin
24
CASH INCCME AND OUTGO
,
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Net accrued
interest on
savings bonds
and discount
on Treasurybills 1/
Period
Fiscal year:
1956
1957
1958
1959
456
388
254
1960
1961
1962
1963P
,
196i (Est.)
Total
1962-Jan. - June,
July - Dec
.
Total
1963- Jan. - June,
1963-January
February.
March
April
May
June p
July
. .
,
,
,
,
Adjusted
service
bonds 4/
Armed Forces
leave bonds
^
International
Monetary Fund
801
93
76
341
222
641
696
132
6
18
168
259
258
171
255
42
428
.
82
Special notes to -
175
-674
-450
1,361
610
1961-Jan. - June
July - Dec
Noncash expenditures involving issuance
of public debt securities 2/
Other
accrued
interest on
public debt
2/
39
International
Development
Association
Clearing
account
for
checks
Inter- American outstanding,
Development
etc.
7/
Bank
^
Total
August 196J
25
CASH INCOME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-);
in millions of dollars)
Change in public debt and agency obligations held by the public
Public debt
increase, or
decrease (-)
Fiscal year:
1956
1957
1958
1959
Public and
trust enterprise funds
173
-2,224
1,085
5,81f
567
71
8,363
1960
1961
1962
1963P
1,625
2,640
9,230
7,659
1964 (Est.)
1961- Jan. - June.
July - Dec.
Total
1962- J an. - June.
July - Dec .
Total
1,023
-733
658r
-435r
. .
April
May
June p
July
Footnotes at end of table.
Governmentsponsored
enterprises
872
-167
,222
Less:
Net investment in Federal
securities by government agencies
Trust funds 1/
102
461
-68
1,003
166
149
191
291
236
432
30r
771 r
2,446
1,248
10,516
6,616
1,915
374
523
275
273
101
36
91
1,024
-1,246
7,198
-240
394
130
506
677
-1,260
36
5,952
154
686
-583
2,032
5,269
263
-62
616
935
1,552
2,390
-53
1,221
-1,645
173
2,038
656
-1,025
-373r
-39
-17
-209
-70
-44
6r
55
10,844
-2,358
9,583
75
75
7,225
1,507
-1,175
152
40
291
241
961
7,037
332
192
532
7,998
2,152
251
-1,424
UO
37
6
32
-4
1
-567
2,743
928
79
127
-858
17
288
801 r
549
41
339
-263
39
-280
-194
-95
521r
Governmentsponsored
enterprises
Equals:
Increase in
securities
held by the
public, or
decrease (-) 1/
-3,813
-3,392
5,619
10,785
2,586 2/
2,262
45
-1,163
723
195
l,122r
l,457r
Public
enterprise
funds
12,110
7,301
1963-Jan. - June.
1963- January
February ,
March
Plus:
Net sale of obligations
of Government enterprises in
the market
116
(Continued on following page)
5
530r
389
70
92
-268
-4
250r
-395
626
494
-2,070
934
-536
157
399
Treasury Bulletin
26
CASH INCCME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States - (Continued)
(Net borrowing, or repayment of borrowing (-);
in millions-of dollars)
Deductions for noncash and other transactions
Less:
Less:
Net
accrued
interest
on
savings
bonds and
Period
Treasury
bills
y
Fiscal year
1956..
1957..
1958..
1959..
456
388
254
801
I960..
1961..
1962.
1963p.
222
641
696
196i (Est
610
341
Issuance of public debt securities representing expenditures, or refunds of receipts 4/
Adjusted
service
bonds
^
Armed
Forces
leave
bonds
V
Special notes to -
International
Monetary
Fund
y
175
-674
-450
1,361
259
258
171
255
1961- Jan. - June...
July - Dec. .
42
27
428
-108
Total
470
.
1962- Jan.
July
Inter-American
Development
Bank £/
International
Development
Association ^/
Excess
profits
tax
refund
bonds 6/
Total
deductions
Equals:
Net cash
borrowing
from the
public, or
repayment
(-) 1/
Transactions
not
Equals:
Net cash
reflected
borrowing
through
in
the
Treasurer'
account l/ 7/
the
Treasurer'
account, or
repayment {-
623
-292
-200
2,160
-4,436
-3,100
5,820
8,626
329
549
566
594
-4,765
-3,648
5,253
8,032
597
536
547
636
838
913
1,301
76
8,755
4,670
58
58
55
14
70
923
1,033
1,848
712
9,592
5,583
25
612
10,232
-2,923
25
402
-2,426
9,180
497
58
339
8,sa
58
25
6,755
836
5,918
10,232
213
415
279
345
36
30
70
521
865
440
6,172
527
477
-87
5,695
Total
627
624
36
100
1,386
6,612
1,004
5,608
1963-Jan. - June...
281
-90
169
-564
i61
-1,025
78
48
-17
-15
-15
61
33
11
April
May
June p
71
33
40
16
-5
-54
87
847
34
28
-36
-564
193
168
129
813
-731
64
July
89
^9
128
271
36
185
-
June...
Dec.
1963-January
February
March
.
.
Source:
See Table 1.
1/ Figures beginning with the August 1963 Bulletin have been revised to
take account of certain changes in classification.
See "Trust and
Other Transactions," Table 1, Note.
Does
not include investments representing acquired securities amount2/
ing to $1,643,070 (par value) and donation of securities amounting
to $45,800 (par value).
2/ Accrued discount on savings bonds and bill, which is included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
-4
4/
^
6/
2/
^
p
r
565
1
461
-2,067
102
28
564
359
-2,094
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net issuance, or redemption (-).
Excluded from borrowing because the transactions are treated as
expenditures in Table 5.
Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 2.
Market transactions in public debt secxirities and agency obligations.
Less than $500,000.
Preliminary.
Revised.
August 196J
27
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
{In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Fiscal year:
1956
1957
1958
1959
,
,
I960
1961
1962
1963
Cash
deposits
Cash withdrawals 1/
77,079
81,875
71,690
77,279
85,015
93,736
4,596
-2,921
-12,124
1,044
-877
-6,278
-4,023
82,09/;
81,612
9i,S62
96,897
105,911
Excess of deposits,
or withdrawals (-)
5,390
lU,«i
93,817
97,774
112,188
118,477
196i (Est.)....
112,245
122,477
-10,232
1961- Jan, - June.
July - Dec
3U
45,822
50,414
56,016
2,900
-10,194
99,136
106,429
-7,294
60,089
50,635
56,172
59,820
,
.
Total
1962-Jan. - June.
July - Dec
.
Total
53,
110,724
115,992
1963- Jan. - June.
63,819
58,656
1963- January
February.
March
7,718
11,040
12,368
10,192
10,401
9,203
April
May
June
7,241
12,338
13,114
9,463
11,148
8,250
5,512
10,339
July
. .
Clearing
accounts
2/
Total net
transactions
Plus:
Net cash borrowing, or repayment of
borrowing, (-)
Equals:
Treasurer's
account balance, increase, or decrease (-
Treasury Bulletin
28
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States re-
flects 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 branches.
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.
they ore
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
to leave funds In banks and In the communities in which they
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for Its
the country.
operations.
As the balances In these accounts become depleted,
DtpoBlts to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
all banks whereby customers of banks deposit with them tax
money from a customer's account to the
tajc
pages 275-28U.
and loan account In
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
End of
fiscal
year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
1956
1957
1958
1959
Tax and loan
accounts in
special
depositaries
In Federal
Gold in
Treasury
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
64
70
74
337
222
303
342
375
335
441
313
8,092
6,769
10,509
12,116
87
75
79
162
93
234
284
7,586
7,509
182
197
195
91 1/
116
4,612
6,549
7,491
52
55
240
278
211
361
370
299
5,485
7,446
8,252
5,485
7,446
3,252
127
118
120
5,420
6,761
11,251
181
170
136
79
77
74
515
245
342
385
304
313
6,579
7,558
12,116
6,579
7,558
12,116
131
6,324
148
39
202
285
6,998
6,998
49
63
806
6,458
5,453
8,815
10,324
106
109
121
120
7,068
5,969
9,548
11,251
253
179
147
136
1962-December
597
6,092
126
6,814
1963- January.
February
March.
821
841
3,678
5,580
6,466
112
128
651
306
4,340
5,992
10,324
629
5,564
504
C;12
April.
.
909
.
952
May
June.
.
.
July....
of U. S.
166
447
159
190
259
306
408
1/
6,712
6,037
9,990
5,451
5,656
5,069
9,030
4,380
1960
1961
1962
1963
Total
assets
433
440
365
429
489
401
101
535
In other
depositaries
Balance in
account of
Treasurer
421
302
287
273
37
37
4,633
4,082
8,218
3,744
522
i98
410
Reserve
Banks in
process of
collection
Liabilities
501
Source:
Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
1/
Savings System, and uncollected i-tems, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
Balances of these funds, theredemand obligations of the Treasury.
fore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc,"
Treasurer's checks outstanding are included
shown under assets.
58
2/
_2/
240
100 2/
6,546
5,590
9,749
5,350 2/
8,005
6,694
10,430
12,116
through June 1953, after which they are included in the balance in the
{See footnote 2).
Treasurer's account.
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
Effective July 1958, the balance
carried as a liability until paid.
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
Previously these items were included under liabilities
exchanges, etc.
August 196J
29
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars}
Credits
alanc
Proceeds from sales of securities X/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
During period
Income { by
Withheld special
and
arrangeexcise 2/ ment) ^/
Tax
anticipation
securities
1956
1957
1958
1959
3,810
2,976
2,82i
2,668
6,035
5,Oi3
2,922
7,581
786
6,568
13,513
13,16i
23,897
26,709
27,881
29,190
4,611
4,152
7,903
5,919
1960
1961
1962
1963
2,679
2,787
2,725
2,699
7,78i
7,613
5,898
2,963
7,920
1,738
3,774
3,830
33,059
34,511
37,519
41,267
Total
credits
Withdrawals
End of
period
55,044
53,520
38,871
46,000
50,908
62,994
4,633
4,082
8,218
3,744
6,053
9,142
6,521
6,835
57,496
55,842
56,438
57,595
54,782
56,847
53,076
56,085
6,458
5,453
8,815
10,324
6,45S
^,653
8,839
10,324
39,140
45,
U8
Average
High
6,073
8,
369
3,0--5
1,103
813
1,078
912
3,373
2,987
3,246
3,638
390
1,161
1,531
2,535
4,103
4,151
4,457
5,325
1
,
1962-December
209
3,933
1,596
5,738
5,374
6,092
6,188
2,735
4,560
1963-January
February
March,
1,432
4,810
4,281
44
.
317
2i3
231
1,763
1,793
5,053
6,275
4,206
3,152
5,388
3,678
5,580
6,466
5,886
5,580
6,746
3,458
3,569
2,656
4,095
4,351
4,823
April.
May
June ...
237
237
211
1,488
5,053
4,617
1,995
1,755
5,290
8,661
3,882
3,637
4,329
4,340
5,992
10,324
5,648
6,884
10,324
2,535
4,736
3,519
3,497
5,899
6,393
July....
253
1,638
79
1,970
6,730
5,564
10,257
5,432
7,076
.
1,838
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
30
Source:
1/
2/
2/
•
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act Beginning July 1951; and a number of
excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
to the tax and loan account in that bank.
This procedure is
followed during some of the quarterly periods of heavy tax payments.
Less than $500,000.
Treasury Bulletin
30
.DEBT OUTSTANDING,
Table !•- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Public
debt
y
1956
1957
1958
272,825
270,634
U4
276,
28i, 817
1959
Matured debt and debt bearing no interest
Interest-bearing debt
272,751
270,527
276,343
284,706
74
107
101
111
269,956
268,592
274,798
281,944
269,883
268,486
274,698
281,833
140
240
444
607
283,380
235,911
294, 886
302,559
283,241
285,672
294,442
301,954
Public debt
Guaranteed
securities
7/ f/
^
Special notes to -
Matured
International
Monetary
Fund
International
Development
Association
InterAmerican
Development bank
Other
6/
2,869
2,042
1,646
2,873
2,868
2,042
1,646
666
529
2,873
476
1,742
1,068
618
1,979
605
3,090
3,300
3,759
3,907
3,090
3,299
3,759
3,906
445
349
438
310
2,23?
2,496
2,667
2,922
58
115
129
125
407
396
484
420
73
106
101
110
597
a7
286, i71
289,211
298,645
306,466
286,331
288,971
298,201
305,860
1962-Deoember
303,988
303,470
518
299,726
299,209
517
4,262
4,261
551
3,012
151
125
422
1963- January
February
March.
April. .
May
June ....
303,948
305,179
303,541
303,728
305,781
306,466
303,417
304,638
302,993
303,166
305,204
305,860
531
541
548
562
577
607
299,858
301,107
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301,186
301,954
526
537
547
561
576
605
4,090
4,072
4,016
3,978
4,019
3,907
4,085
4,068
4,015
3,977
4,018
3,906
393
391
354
298
345
310
2,995
2,980
2,965
2,981
2,976
2,922
151
151
151
151
151
129
125
125
125
125
125
125
421
421
420
421
421
420
July
305,482
304,835
647
301,583
300,938
645
3,898
3,896
263
2,961
129
125
418
.
.
444
Source:
Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see pa^e 1,
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
2/ Held outside the Treasury.
ij
'2/
^
^
(
460
444
430
1960
1961
1962
1963
139
240
Guaranteed
securities
matured)
55
Consists of Federal Housing Administration debentures, and also D, C.
Armory Board stadium bonds beginning July 1959Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2«- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Computed annual interest rate
Public debt
Guaranteed
securities
1/
Total
interestbearing
securities
Total
public
2.576
2.730
2.638
2.867
2.427
2.707
2.546
2.891
2.654
3.197
1.033
3.316
2.625
3.345
3.330
2.842
2.075
2.504
2.806
3.304
2.485
2.482
2.576
2.619
2.824
2.353
2.892
2.925
2.705
2.635
2.630
2.694
2.606
2.611
2.622
2.628
2.772
2.803
2.891
3.003
2.681
3.L44
3.500
3.658
Non-
Marketable issues
marketTotal
2/
Bills
1/
Certificates
Notes
Treasury
bonds
able
issues
Special
issues
4/
1956
1957
1958
1959
269,956
268,592
274,798
281,944
269,883
268,486
274,698
281,833
6,952
7,328
7,248
8,069
6,950
7,325
7,245
8,066
2.576
2.730
2.638
2.867
1960
1961
1962
1963
283,380
285,911
294,886
302,559
283,241
285,672
294,442
301,954
9,320
8,769
9,534
10,141
9,316
8,761
9,519
10,119
3.297
3.072
3.240
3.361
3.297
3.072
3.239
3.360
3.449
3.063
3.285
3.425
3.815
2.584
2.926
3.081
4.721
3.073
3.377
3.283
4.058
3.704
3.680
3.921
2.639
2.829
3.122
3.344
3.219
3.330
3.364
1962-December
299,726
299,209
9,859
9,841
3.298
3.297
3.357
2.989
3.362
3.852
3.241
3.395
1963-January.
February
March.
April
May
June ....
299,858
301,107
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301,186
301,954
9,868
9,926
9,955
9,978
10,065
10,141
9,849
9,906
9,935
9,958
10,119
3.299
3.305
3.332
3.338
3.345
3.361
3.299
3.304
3.332
3.337
3.344
3.360
3.357
3.361
3.399
3.405
3.409
3.425
2.992
3.001
3.024
3.040
3.051
3.081
3.362
3.297
3.283
3.283
3.283
3.283
3.851
3.912
3.892
3.907
3.922
3.921
3.243
3.259
3.325
3.328
3.328
3.344
3.396
3.400
3.404
3. 408
3.409
3.412
2.893
2.911
2.918
2.915
2.961
3.003
3.610
3.616
3.625
3.653
3.661
3.658
301,583
300,938
10,151
10,128
3.375
3.374
3.440
3.147
3.283
3.921
3.344
3.415
3.018
3.673
.
.
July.
.
.
.
10,044.
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date { the amo\int actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.
The average annual interest
rate is computed by dividing the computed annual interest charge for
1/
2/
2/
4/
3.a2
3.584
the total, or for any group of issues, by the corresponding principal
Beginning with data for December 31, 1958, the computation is
amount.
based on the rate of effective yield for issues sold at premium or
discount.
Prior to that date it was based on the coupon rate for all
issues.
Guaranteed securities included are those held outside the Treasury.
Total Includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
'
August 1961
31
.DEBT OUTSTANDING.
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Publ ic issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Bills
U.
Treasury
bonds 1/
Notes
S.
savings
bonds
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities
V
45,114
46,327
46,246
44,756
16,303
20,473
32,920
33,843
35,952
30,973
20,416
27,314
81,890
80,839
90,932
84,853
69,817
65,953
61,777
59,050
57,497
54,622
51,984
50,503
12,009
11,135
9,621
8,365
310
196
171
183
183,845
187,143
196,072
203,508
33,415
36,723
42,036
51,483
56,257
65,464
52,145
31,297
30,330
75,025
31,964
54,497
53,481
53,431
53,645
5U
47 , 230
17,650
13,338
13,547
22,169
47,
301,954
238,342
240,629
249,503
257,153
47,514
47,607
43,314
6,783
5,330
4,727
3,921
170
117
133
103
860
648
75
630
19
25
29
45,043
44,939
44,801
299,209
255,784
203,011
48,250
22,710
53,679
73,371
52,772
47,535
4,U3
110
360
299
26
43,426
468
423
420
429
529
529
26
26
26
42,191
42,437
42,204
30
30
29
41,604
43,562
44,801
29
43,724
,
233,241
285,672
294, U2
U,899
299,332
300,571
298,978
257,142
258,084
256,774
203,959
204,751
203,472
48,944
49,941
48,530
22,710
23,733
21,760
53,697
49,996
53,368
78,608
31,031
79,813
53,183
53,333
53,303
47,742
47,893
48,021
4,410
4,354
4,199
108
103
108
Apr.
May.
257,585
257,625
257,153
204,323
204,101
203,508
49,430
49,733
47,230
21,760
22,169
22,169
53,042
52,126
52,145
80,091
80,072
81,964
53,261
53,524
53,645
48,113
48,231
48,314
3,973
3,945
3,921
105
104
103
458
June
299,189
301,186
301,954
648
577
630
630
July
300,938
257,
2U
203,491
47,222
22,169
52,154
81,946
53,723
48,427
3,899
103
610
655
Daily Treasury statement.
Includes $50 million of Panama Canal bonds for fiscal years 1956-60.
Consists of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
Consists of the dollar equivalent of Treasury certificates of
Source:
\2/
Special
issues
y
1963- Jan.
Feb.
Mar.
11/
other
20,808
23,420
22,406
32,017
268,^86
27i,693
281,833
1962-Deo.
Total
Certificates
154,953
155,705
166,675
178,027
269 883
1957
1960
[1961
1962
1963
Total
public
issues
N onmark etab 1
Treasury
bonds,
investment
series
224,769
221, o58
228,452
237,078
1956
1958
1959
Marketable
4/
583
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration series beginning July 1960 and retirement plan bonds beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Intereet-Bearing Public Debt
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
Amount
outstanding
-
- 10
10 - 20
20 years
years
and over
Average length
Within
1 year
years
154,953
155,705
166,675
173,027
58,714
71,952
67,782
72,958
34,401
40,669
42,557
58,304
28,908
12,323
21,476
17,052
28,578
26,407
27,652
21,625
4,351
4,349
7,203
8,088
5 yrs.
4 yrs.
5 yrs.
4 yrs.
4 mos.
9 mos.
1960
183,845
72,
8U
|L961
187,
53,400
57,041
58,026
20,246
26,435
26,049
37,385
12,630
10,233
9,319
8,360
7,658
10,960
15,221
14,444
4 yrs.
4 yrs.
4 yrs.
5 yrs.
4 mos.
6 mos.
11 mos.
1 mo.
or month
1956.
ia957.
1958.
1959.
1
5
5
years
3 mos.
7 mos.
1963
196,072
203,508
70,467
81,120
88,442
35,294
-962-December.
203,011
87,234
61,640
33,983
4,565
15,539
4 yrs.
11 mos.
1963- January .
203,959
204,751
203,472
37,973
88,951
31,647
61,657
59,003
61,328
33,975
36,458
37,962
4,566
4,566
6,770
15,782
15,774
15,764
4 yrs.
February.
March.
10 mos.
10 mos.
April.
May. .
June.
204,323
204,101
203,503
32,469
87,797
85,294
61,079
58,007
58,026
37,952
35,485
37,385
6,770
6,769
8,360
16,054
16,043
14,444
5
3,359
14,435
J|l962
U3
I
.
July.
203,491
85,236
58,035
Office of Debt Analysis in the Office of the Secretary.
All issues are classified to final maturity except partially tax-exempt
.(ource:
/
.
37,376
4 yrs.
5 yrs.
5
yrs.
yrs.
yrs.
mo.
mo.
mo.
5
yrs.
mo.
5
The last of
bonds, which have been classified to earliest call date.
these bonds were called on August 14, 1962, for redemption on
December 15, 1962.
Treasury Bulletin
32
.DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
lU
Federal
Disability
Insurance
Trust
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
5,481
5,570
5,665
5,742
3,600
3,475
3,531
3,417
7,737
7,996
6,671
5,63c
112
123
120
126
3
530
74
372
104
138
182
98
9,397
10,414
11,382
12,438
1,107
1,071
1,028
1,003
234
436
678
5,803
5,759
5,804
5,714
2,145
51
13,669
119
11,707
1,002
285
462
409
291
2,076
2,086
2,084
235
138
12,788
13,125
13,179
106
97
11,776
11,837
11,885
988
984
41,604
43,562
44,801
296
263
260
2,069
2,122
2,165
50
55
372
12,653
14,355
14,221
92
75
98
43,724
259
2,094
108
13,495
U,899
44,801
694
556
500
260
2,017
2,299
2,304
2,165
1962- December.
43,426
443
1963-January.
February.
March.
42,191
42,487
42,204
45,Oi3
U,939
July
National
Service
Life
Insurance
Fund
16,413
16,200
15,074
14,221
1960
1961
1962
1963
.
Highway
Trust
Fund
404
822
429
1,533
.
Government
Life
Insurance
Fund
1,217
1,200
1,144
1,127
i6,2i6
a, 756
.
Federal
employees'
retirement
funds
6,667
7,394
7,738
8,608
673
718
673
629
.
Federal
Savings
and Loan
Insurance
Corporation
103
103
112
116
45,
.i6,827
,
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
19,467
19,463
18,610
17,227
1956
1957
1958
1959
April.
May
June
Federal
home
loan
banks
325
996
52
50
165
165
59
50
78
Daily Treasury statement.
Source:
1/ Includes Canal Zone Postal Savings System through 1959.
Adjusted Service Certificate Fund (through December 1956),
2/ Consists of:
Postal
Savings
System
1/
3,504
3,316
2,786
4,625
4,657
4,803
138
192
156
263
5,763
2,996
5,108
139
980
302
371
440
5,538
5,536
5,534
2,949
2,909
2,768
4,813
4,818
4,632
160
176
244
11,980
12,059
12,438
975
972
1,003
540
590
678
5,538
5,540
5,714
2,690
2,327
2,786
4,41o
4,909
4,803
305
293
263
12,486
999
655
5,720
2,813
4,678
318
1
26
,
58r,
5
,
various housing insurance funds. Veterans' Special Terra Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000.
August 196J
33
DEBT OUTSTANDING
Table 6.- Treapury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
Tor
International
Development 1/
End of
fiscal
year or
month
1956
1957
1958
1959
I960
1961
1962
1963
20,0i9
22,731
21,359
25,3i3
25,636
26,011
23, 03^
29,166
1,213
1,198
1,188
l,16i
1,138
1,107
1,062
1962-December
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
programs
2/
Housing and Home
Finance Agency
Exp or tImport
Federal
Public
Bank of
Adminis- National Housing
Washtrator
Mortgage Adminington
Associistra4/
1/
ation
tion
^
807
11,190
13,383
11,528
12,87i
12,70i
ll,53i
12,990
13,599
2,343
2,51°
2,728
2,923
3,155
3,332
3,484
3,657
256
323
369
456
854
1,027
1,239
1,205
1,528
1,937
1,636
1,698
1,830
1,476
165
282
476
730
977
1,213
1,567
2,005
1,954
1,741
1,502
2,351
2,338
3,202
3,167
2,716
23,7i8
818
12,88i
3,572
973
1,680
1,778
28,927
23,781
28,3i7
318
318
317
12,926
12,921
12,769
3,652
3,652
3,742
991
1,015
1,652
1,643
1,650
April
May
June
29,040
29,077
29,166
817
317
307
13,017
13,325
13,599
3,742
3,742
3,657
1,040
1,040
1,027
July
27,335
757
11,880
3,737
1,053
1963- January
February.
March
.
.
151
265
Consists of notes issued to borrow for:
The urban renewal program
Under
Defense
Production
Act
of 1950
1,144
1,294
1,723
1,950
1,970
1,964
1,976
1,923
Other
2/
11
21
27
29
32
32
25
121
121
123
50
584
733
780
930
1,180
1,330
1,530
1,730
3,166
83
121
25
1,640
1,936
1,848
1,868
1,882
3,177
3,050
3,058
28
121
122
122
25
1
23
97
50
690
1,690
1,690
1,979
1,925
1,925
22
22
29
1,700
1,498
1,476
1,935
1,990
2,005
2,876
2,783
2,716
58
25
25
122
123
123
50
50
50
1,730
1,730
1,730
1,923
1,923
1,923
29
29
29
1,281
2,033
2,682
54
123
50
1,730
1,922
34
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1962
Annual Report of the Secretary of the Treasury, page 850, and the 1962
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 514.
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties.
The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs, and Agricultural Credit Insurance
Fund {formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
4/
16
Veterans'
Administration:
Direct
loan
program
48
97
112
118
Source;
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for ad-
1/
Saint
Lawrence TennSeaway
essee
Develop- Valley
ment
Aut horCorpoity
ration
^
^
7/
41
35
50
,
18
22
21
22
22
29
{formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act {12 U.S.C.
1719 {c), 1720 (d), and 1721 {d)) and also securities transferred
from the Reconstruction Finance Corporation,
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export- Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Secretary of the Treasury; Small
Consists of notes issued by the:
Business Administration, fiscal years 1956 and 1957; United States
Information Agency for informational media guaranties beginning fiscal
1957 (see footnote l); Secretary of Commerce (Maritime Administration)
for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61, and
March 1963; Virgin Islands Corporation beginning fiscal 1960; and
District of Columbia Commissioners for the Stadium Sinking Fund
beginning June 1962,
Treasury Bulletin
34
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Banks for
cooperatives
End of fiscal
year or month
1956
1957
1958
1959
Federal
home loan
banks 1/
Federal National
Mortgage Association
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
834
924
1,159
1,456
Tennessee
Valley
Authority
Management
and liquidating issues
All other
issues
1,322
1,552
1,646
1,888
570
570
797
797
100
1,050
1,165
1,290
797
2,284
2,198
2,556
1,960
145
145
3,889
5,013
5,i23
6,708
133
179
199
2&1,
929
738
456
992
8,407
1,259
1,055
1,797
2,770
1
, 600
1,723
1,855
2,133
2,137
2,357
2,550
2,725
1960
1961
1962
1963
9,332
10,192
330
382
i30
i59
1962- December.
10,133
50i
2,707
1,727
2,628
2,422
145
1963- January.
February,
March.
9,800
9,578
9,267
50i
480
2,424
2,164
2,014
1,729
1,787
1,842
2,628
2,661
2,661
2,370
2,343
2,126
145
145
145
9,185
9,^15
10,192
490
489
459
1,912
2,035
2,770
1,935
2,037
2,133
2,661
2,725
2,725
2,043
1,984
1,960
145
145
145
10,322
459
2,816
2,202
2,725
1,950
170
7 , 765
April.
May
June
July
.
.
.
.
Source;
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
50
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public
Includes small amounts owned by Federal land banks.
offerings.
I
J
August 196J
35
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
by an act approved June
(
3I U.3.C.
757^).
as amended
June 30, 1959 (act of February 26, I95S); $10 billion from
provides that the face amount of obllgatlone Issued under authority of that act, and
the face amount of obligations guaranteed as to principal and
July
Interest by the United 3tatce (except giiaranteed obligations
1962, and $15 billion from March I3 through June 30,
held by the Secretary of the Treasury )Bhall not exceed In the
of June 30, 1961, and March 13, 1962); $23 billion from July
aggregate $285 billion outstanding at any one time.
1,
'}0,
1959i
The cor-
responding limitation In effect under the act of June 26,1946,
was J275 billion and that under the act of September 2,
was J2S3 billion.
I95S,
In addition, temporary Increases have been
authorized as follows: |6 billion from August 2g,
195^, through
June 30, 1956 (acts of August 2S, 195^, and June 30, 1955);
13 billion from July 1, I956, through June 30, I957 (act of
July
9,
1,
1959, through June 30,
billion from July
30,
1,
1960,
i960 (act of June 30, 1959); $8
30, I96I (act of June
through June
i960); $13 billion from July
1,
I96I,
through March 12,
1962(aots
1962, through March 3I, I963, $20 billion from April 1
through May 2g, 1963, $22 billion from May 29 through June
30, 1963, and $24 billion from July 1 through August 31, 1963
(acts of July
1,
1962, and May 29,
I963).
Obligations Issued
on a discount basis redeemable before maturity at the option
of the ovmer are Included In the statutory debt limitation
at current redemption values.
1956); $5 billion from Februeu-y 26, 1958, through
Table 1.- Status Under Limitation July 31, 1963
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of May 29, 1963
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
,
Total amount of securities outstanding subject to statutory debt limitation
309,000
304,467
647
305,115
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding July 31, 1963
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
August 196J
37
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1963
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Year
and
month
of final
maturity
1/
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(AmDunts in millions of dollars)
Description of new Issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of bld3 accepted
Amount of
bids
tendered
Total
amount
On con^etltlve basis
On noncompeti-
In
tive basis
exchange
2/
Amount
maturing on
issue date
of new
offering
Total of
unmatured
Issues outstanding after
new issues
Regular weekly bills:
1963- Mar.
7
,
1963- June
Sept.
5
91
182
1,981.0
1,406.8
1,301.3
800.5
1,069,9
751.1
231.4
49.4
122.3
59.5
1,300.3
800.4
16,922.,2
20,013..5
91
182
2,042.1
1,428.7
1,300.4
800.3
1,034.1
743.1
266.3
57.1
103.5
18.6
1,300.7
800.7
16,921.,9
20,013.,0i/
6
y
Mar.
U
June 13
Sept. 12
Mar.
21
June 20
Sept. 19
91
182
2,335.9
1,305.4
1,301.3
800.6
1,019.0
736.5
282.3
64,1
175.6
54.3
1,301.0
800.6
16,922.,2
20,013.,0 J/
28
June 27
Sept. 26
91
182
2,132.5
1,458.7
1,300.8
800.0
1,053.9
749.6
247,0
Mar.
50.4
147.3
54.0
1,309.1
700.1
16,914.,0
20,113,.0
July
Apr.
4
92
182
2,080.9
1,454,1
1,300.5
800.0
1,078.0
746.3
222.5
53.7
125.7
43.6
1,301.1
701.1
16,913. 4
20,211. 9
91
Apr.
11
Apr.
18
Apr.
25
,
Oct.
16,9U. 5
11
10
182
2,292.0
1,553,2
1,302.0
801.4
1,031.7
741.2
270.3
60.2
136.4
53.3
1,300.9
700.6
20,312. 7
18
17
91
182
2,351.6
1,485.0
1,300.7
800.4
991,3
732.6
309.4
67.8
16.5
3.9
1,301.1
700.0
16,9L4. 2
20,413. 1
Oct.
25
24
91
182
2,258.6
1,670.4
1,300.2
801.1
1,057.1
739,2
243.1
61.9
93.3
33.4
1,302.1
700.3
16,912. 3
20,513. 9
1
91
182
2,054.4
1,667.7
1,301.7
801.0
1,083.3
743.5
218.3
92,
31
57,5
31,
1,300.5
700.8
16,913. 5
20,614. 1
91
182
2,119.3
1,714.6
1,301.0
801.8
1,078.9
747.1
222.1
54.7
150.9
58.2
1,300.8
702.3
16,913, 7
20,713. 6
July
,
Oct.
July
Oct.
July
May
2
Aug.
Oct.
May
9
Aug.
Nov,
16
Aug.
Nov.
15
W
91
182
2,397,2
1,583.3
1,301.5
800.7
1,054.6
732.1
246.9
May
13.4
4.4
1,303.3
701.3
16,911. 9
20,812. 9
23
Aug.
Nov.
22
21
91
182
2,179.6
1,472.5
1,301.7
800,4
1,079.9
742.1
221.8
May
58.4
141.7
64.1
1,300.3
800.0
16,913. 3
20,813. 4
May
31
Aug.
Nov,
29
29
90
182
2,034,2
1,411,2
1,302,4
801.3
1,109.3
752,1
193.1
49.2
157.4
2.8
1,300.1
800.7
16,915. 6
20,813. 9
5
5
91
182
2,188.0
1,551.8
1,302.6
800.2
1,089,7
749,3
212.9
50.9
137.3
52.9
1,301.3
800.9
16,916.
20,813.
Sept. 12
Dec.
12
91
182
2,128.5
1,475,6
1,300.3
800.9
1,056.2
743,5
244.0
57.5
IA.3
3.4
1,300.4
801.0
16,916,
20,813,
June
6
Sept .
Deo.
June
13
June
20
Sept. 19
Dec. 19
91
182
2,304,4
1,364,9
1,301,7
800,7
1,058,2
739.6
243.6
61.1
201.7
65.4
1,301.3
800.0
16,917.1
20,813.9
June
27
Sept. 26
Deo. 26
91
182
1,912.5
1,441.0
1,301,8
798,8
1,056.9
741.1
245.0
57.7
129.3
44.5
1,300,8
801.6
1
July
5p
Oct.
3
90
2
181
2,039.7
1,257.3
1,300.6
800.0
1,086.7
754.3
213.9
45.7
189.6
196i Jan.
77. i.
800,5
16,918.1
20,811.2
16,918.2
20,810.7
,
300
.
July
lip
1963 Oct.
196i Jan,
10
9
91
182
2,147.1
1,258.1
1,300.3
800.4
1,046.3
749.2
254.0
51.1
15.1
2.8
1,302.0
800.4
16,916.5
20,810.6
July
18p
1963 Oct.
1964 Jan.
17
16
91
182
2,098.9
1,272.9
1,300.3
800.1
979.1
732.1
321.2
68.1
14.8
3.5
1,300.7
800.0
16,916.0
20,810.7
25p
1963 Oct.
1964 Jan.
24
23
91
182
1,848.5
1,463.8
1,300.1
800.5
1,052.3
741.1
247.7
59.4
137.3
62.8
300
July
800.3
16,915.8
20,810.9
1963-Mar.
June
June
22
24
24
170
138
94
5, "45,
2,061,8
2,442,2
3,005,2
1,000,7
1,502,3
2,440.4
958.4
1,455.0
564.8
42.3
47.3
3,005.2
3,005.2
4,005.9
2,502.9
Tax anticipation bills
1962-Oot.
3
1963-Feb.
6
Mar.
22
1
,
.
One-year bills:
1962-Apr.
July
Oct.
15
15
15
1963- Apr.
July
Oct.
15
15
15
365
365
365
3,453.7
3,722.3
4,535,0
2,008.8
2,003,6
2,500,1
1,841.3
1,778.9
2,315.1
224.7
80.1
16.3
185.1
190.0
2,000.5
2,003.5
2,003.5
8,009.0
8,009.1
8,505.7
1963-Jan.
Apr.
July
15
15
1964-Jan.
Apr.
July
15
15
365
366
366
5,244,4
4,047,6
4,495.2
2,496,2
2,500,8
1,997.9
2,252.9
2,310.0
1,783.0
243.2
190.7
214.9
38.6
84.1
9.0
2,001.3
2,000.8
2,003.6
9,000.6
9,500.6
9,495.0
15p
15
159.5
Issues, beginning June 11, 1959, tenders for $100,000 or less from
Source:
Bureau of the Public Debt. Preliminary figures are from subscripany one bidder are accepted in full at average price of accepted
tion and allotment reports; final figures are on "clearance" basis in
competitive bids; for other issues, the corresponding amount is
daily Treasury statement.
stipulated in each offering announcement.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
j/ Includes "strip" bills issued November 15, 1962.
and
for
26-week
for
or
less,
Issues,
tenders
$200,000
For
13-week
2/
(Continued on following page)
i
1
Aagust 196)
39
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Issue date
Average price
per hundred
Regular weekly bills:
^
On competitive bids accepted
Price per hundred
(Percent)
2.897
2.938
99.274
98.522
M
/99.275
\98.518
2.870
2.931
99.280
98.526
Mar.
21
/99.266
\98.506
2.902
2.955
99.275
98.513
Mar.
28
/99.262
2.919
2.977
99.270
98.502
198.492
2.922
2.982
7
Mar.
/99.268
\98./,95
l'99.253
Low
Equivalent rate
^
Price per hundred
(Percent)
'(_98.515
1963-Mar.
(Continued)
High
Equivalent average
rate
-
y
Equivalent rate i/
(Percent)
2.872
2.924
99.264
98.510
2.912
2.947
2.848
2.916
99.270
98.513
2.888
2.941
2/
2.868
2.941
99.265
98.502
2.908
2.963
8/
2.888
2.963
99.260
98.492
2.927
2.983
99.268
98.498
2.864
2.971
99.251
98.489
2.931
2.989
2.900
2.967
99.263
98.493
2.916
2.981
6/
Apr
4.
Apr
11.
f 99. 264
198.495
2.913
2.978
99.267
98.500
Apr
18.
f99.263
198.478
2.917
3.010
99.266
98.484
2/
2.904
2.999
99.261
98.476
2.924
3.015
f 99.
271
198.492
2.884
2.982
99.275
98.496 10/
2.868
2.975
99.270
98.491
2.888
2.985
Apr,
25.
May
2.
f 99. 268
198.489
2.897
2.989
99.274
98.494 11/
2.872
2.979
99.266
98.488
2.904
2.991
May
9.
r99.266
198.487
2.905
2.993
99.270
98.496
2.888
2.975
99.264
98.485
2.912
2.997
May
16.
[99.266
[98.488
2.903
2.990
99.270
98.494
2.888
2.979
99.265
98.487
2.908
2.993
May
23.
[99.261
1.98.481
2.922
3.005
99.270
98.490
2.888
2.987
99.260
98.478
2.927
3.011
May
31.
[99.257
198.455
2.973
3.055
99.260 12/
98.462
2.960
3.042
99.255
98.453
2.980
3.060
June
6
[99.235
198.434
3.027
3.098
99.238
98.438
ly
1^
3.015
3.090
99.233
98.431
3.034
3.104
June
13.
/99.248
198.452
2.975
3.063
99.254
98.458
2.951
3.050
99.245
98.448
2.987
3.070
June
20,
[99.242
I98.442
2.997
3.081
99.245
98.452
2.987
3.062
99.241
98.440
3.003
3.086
[99.247
198.448
2.979
3.070
99.252
98.452
2.959
3.062
99.244
98.446
2.991
3.074
5p.
[99.2^7
198.4A5
3.011
3.093
99.255
98.452 12/
2.980
3.079
99.2ii;
3.024
3.109
July
lip.
[99.200
198.346
3.164
3.272
99.211 Ig/
98.361 23/
3.121
3.242
99.184
98.315
July
18p.
[99.193
198.304
3.192
3.355
99.203
98.318
153
327
99.183
98.288
,386
[99.190
198.297
,206
,369
99.195
98.306
185
351
99.183
98.291
3.232
3.380
June
July
July
27.
25p.
ly
W
98.437
,228
,333
232
Tax anticipation bills:
'I
1962-Oct.
3
98.765
2.616
98.820 20/
2.499
98.757
2.632
1963-Feb.
Mar.
6.
22.
98.877
99.254
2.929
2.855
98.891
99.261
2.893
2.830
98.873
99.251
2.940
2.869
15..
15..
15..
97.012
96.698
96.989
943
97. OU
257
969
96.730. 21/
97.019 22/
2.918
3.225
2.940
97.002
96.682
96.980
2.957
273
979
15..
15..
15p.
96.943
96.887
96.358
015
062
3.582
96.958 22/
96.899 2i/
96.412 2V
3.000
3.050
3.529
96.938
96.881
96.342
020
068
598
One-year bills:
1962- Apr.
July
Oct.
1963- Jan.
Apr.
July
i/
I
|i
y
(1/
7/
&/
9/
jlO/
11/
1
"
•\W
li/
],U'
It/
jlt/
Bank discount basis.
Except $1,050,000 at 99.292.
Except $175,000 at 99.283.
Except $300,000 at 98.518.
Except $100,000 at 93.508 and $133,000 at 98.506.
Except $375,000 at 98.490 and $716,000 at 98.488.
Except $125,000 at 98.503, $90,000 at 98.500, and $450,000 at 98.499.
Except $500,000 at 9S.498.
Except $1,000,000 at 99.274, $,300,000 at 99.270, and $300,000 at 99.265.
Except $400,000 at 99.257 and $1,050,000 at 99.247.
Except $160,000 at 98.442.
Except $300,000 at 99.248.
Except $500,000 at 99.262.
17/
18/
12/
20/
21/
22/
22/
iV
2^
p
Except $585,000 at 98.456.
Except $200,000 at 99.247, $150,000 at 99.241, $100,000 at 99.239,
$100,000 at 99.238, and $500,000 at 99.219.
Except $100,000 at 98.372 and $1,805,000 at 98.366.
Except $100,000 at 98.962 and $3,000,000 at 98.834.
Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at 96.800,
$25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745.
Except $500,000 at 97.029.
Except $100,000 at 97.000 and $200,000 at 96.982.
Except $50,000 at 96.969, $500,000 at 96.945, and $500,000 at 96.909.
Except $100,000 at 96.696 and $600,000 at 96.4.42.
Preliminary.
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 3.
New Money Financing through Regular Weekly Tre..sury Bills
(Dollar amounts in millions)
Description of issue
Maturity
Issue
date
1957-January
February
February
February
February
date
31.
1957-May
7.
May
May
May
May
U.
21.
June
June
9
16
23
31
6
13
March
March
U..
December
December
19.,
26.,
1958-March
March
20
27
2.,
April
April
April
April
10
17
ZA
12
1958- January
January
January
January
7..
9.
16.
23.
March
13.
J\ane
September
September
September
11.
18.
25.
December
December
December
October
October
October
October
October
2.
9.
16.
23.
30.
November
November
6.
13.
December
December
18.
December
26.
1959-January
2.
January
January
March
15
5
March
12 i/.
March
19
March
26
August
13....
August
20....
Axlgust
27
1960-May
May
June
19
26....
2...,
1961-January
19...
January
26...
February
March
2...
30...
3
1/
August
i%J
41
PUBLIC DEBT OPERATIONS.
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/- (Continued
(Dollar amounts In millions)
Description of issue
Issue
date
Maturity
date
1961-April
6.
April
13.
May
i.
May
11.
July
20.
August
31.
October
19
October
26
1962-February
1,
February
15
February
23.
March
1,
March
8.
March
15.
March
22.
March
29.
April
5.
April
12.
April
19.
April
26.
May
10.
May
2A.
May
31.
June
7.
June
U.
June
21.
Jxine
28.
July
5.
July
12.
July
19..
July
26..
1961-July
October
I
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Contlnued)
(Dollar amounts in millions)
De
August 196 J
43
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Blllsi/- (Continued)
38
(Dollar amounts in millions)
Description of issue
Amount
of bids
tendered
Amount
of bids
accepted
91
182
$2,054
1,668
$ 1,302
801
2.897
2.989
J 101
91
182
2,119
1,715
1,301
802
2.905
2.993
100
91
182
2,397
1,302
801
2.903
2.990
Number of
days to
maturity
Maturity
Issue
date
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent
1963-May
f 196 3- August
1
May
May
1/
f
1
31
Au^st
November
August
November
15
Information in Table 3 covers bill offerings
See Table 2.
January 2, 1957, through July 31, 1963.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on Jxine 14, 1961 ($1,802 million), November 15,
1961 ($800 million), and November 15, 1962 ($1,001 million). See Table 4.
Source:
1
J
\
October
1
1,583
2/
2/
Equivalent average rate on bank discount basis.
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks.
44
August 196J
46
August 196J
47
PUBLIC DEBT OPERATIONS
Table 4.- Offerlnge of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
Z2/
2V
26/
22/
28/
22/
J2/
i6/
Subscriptions from savings-type Investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other Investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
In full when accompanied by 100 percent payment at the time of enterAll other subscriptions for $5,000 were
ing the subscriptions.
allotted in full. Subscriptions for more than $5,000 were allotted
addition, $50 million of the bonds was
In
not less than $5,000.
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 less than 25 percent by
January 23, 1959, the issue date; 50 percent by February Zi,, 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
In addition, $100 million of the notes was
less than $100,000.
allotted to Government investment accounts.
Subscriptions from savings-type Investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banis for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from
all others, were allotted in full. Subscriptions for more than
In addithese minlmums were allotted not less than the minimums.
tion, $50 million of the bonds was allotted to Government investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial 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 less than $1,000
on any one subscription. In addition, $100 million of the notes
was 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,
Smaller denominations of savings bonds could
at a price of 99-3/4S6.
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.
Savings-type investors were given the privilege of paying for the
bonds In Installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
In addition to the amounts allotted to the
payment by June 15).
public, $100 million of the bonds was allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
In addition, $27.4 million of the notes was
less than $100,000.
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted In full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
In addition, $71 million of the notes was
less than $25,000.
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/4^ Treasury notes maturing August 15, 1960 (see Table 6, footnote 22). In addition, in order that holders of 3-5/8;? Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purcnase such
notes on August 15, 1960, 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 32).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
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
Subscriptions from commercial banks for their own accounts
25 percent.
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.
i
In addition to the amounts allotted to the public, there was
allotted to Government Investment accounts $131.3 million of the
3-1/2^8 bonds of 1980, $215.9 million of the 3-l/2^ bonds of 1990,
and $236.5 million of the 3-1/2^ bonds of 1998.
28/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature In 1960, were offered In exchange the
4^ bonds, with certain adjustments as of December 15, 1960, at a price
Smaller denominations of savings bonds could be exchanged
of lOOj.
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
22/ Subscriptions were permitted to be made with payment in cash or in
4-7/8^ Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 17).
iS/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
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 $4,364 million and were allotted in full. Subthose
scriptions subject to allotment totaled $14,619 million:
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
i2/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government Investment accounts
$39 million of the 3-3/8^ bonds of 1966, and $540 million of the
3-5/8JS bonds of 1967.
Subscriptions were permitted to be made with payment in cash or In
the 4-3/4^ Treasury certificates or 3-5/8^6 Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 20).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, 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 circulars. Subscriptions from all other Investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 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
$25,000.
ib/ Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1961.
to the public, there was allotted
a/ In addition to the amounts allotted
to the Federal Reserve Banks and Government Investment accounts
of
1980, $160.6 million of the
$480.4 million of the 3-1/2% bonds
3-l/2)J bonds of 1990,and $289.5 million of the 3-l/2^ bonds of 1998.
Subscripi3/ Subscriptions for $100,000 or less were allotted In full.
tions for more than $100,000 were allotted 37 percent but in no case
In addition, $100 million of the notes was
less than $100,000.
allotted to Government Investment accounts.
of the
A2/ Includes $2 million allotted to Government Investment accounts
3-l/i,% notes, $4 million of the 3-3/4!S bonds of 1966, and $136 million
of the 3-3/4^ bonds of 1974.
additional $100
iSJ Sale of a "strip" of Treasury bills, consisting of an
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
bonds
11/ Holders of approximately $970 million of Series F and G savings
issued in 1950, which mature in 1962, were offered In exchange the
3-7/8^ bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2^ certificates and $1,518
million of the i,% notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4^ bonds of
1971, $177 million of the 4^ bonds of 1980, $218 million of the 3-l/2^
bonds of 1990, and $2.21 million of the 3-l/2^ bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 22).
16/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, tlOO million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government Investment accounts of the 3-1/4^ certificates, $14 million of
the 3-5/8iJ notes, and $64 million of the 3-7/8^ bonds.
Footnotes continued on following. page.
2nj
August 196J
49
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
^8/
Subscriptions were permitted to be made with payment in cash or in
the 4% notes or 3-lA/£ notes both maturing August 15, 1962 (see
Table b, footnote 23).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962,
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 totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 4^ bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds was allotted to
$100,000.
Government investment accounts.
All subscriptions for the 4-l/4iK bonds were allotted in full. In
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $21 million of the 3-3/45^ notes
and $320 million of the 4it bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/8% certificates, $1 million of
the 3-l/2)f notes, and $6 million of the i% bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
^
^9/
60/
61/
62/
66/
67/
68/
62/
70/
J
63/
64/
65/
23/
2i/
22/
-
(Continued)
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8^ bonds or the i% bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to $93,000 for the 3-7/8)6 bonds and $101,825 for the
4/6 bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a 456 coupon, resulting in a net basis cost
to the Treasury of 4.008210)6, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4/6 certificates and $15 million
of the 3-3/4i6 bonds.
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $19.8 million of the
3-5/3)6 notes, $29.6 million of the 3-7/8)6 bonds of 1971, $151.9
million of the 3-7/8)6 bonds of 1974, and $123.9 million of the
4)6 bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $100.55119 per $100
of face amount for a 4-1/8/6 coupon, resulting in a net basis cost to
the Treasury of 4.093145)6, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4)6 certificates, and $85 million
of the 3-5/8)6 notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
p
Preliminary.
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Billsi/
(In millions of dollars)
Issue
August 1961
51
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bi lis ^- (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/- (Continued)
(In millions of dollars)
Issue
August
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 6.- Dlpposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
1/
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
(In millions of dollars)
8/1/58
'
Certificate
i%
2-l/4i6 Bond
2-3/8^ Bond
8/1/58-C
9/15/56-59 6/
3/15/57-59 6/
8/1/57
2/1/44
3/1/52
Total
10/1/58
10/1/58-EO
10/1/53
12/1/58-D
12/1/57
12/15/58
2/15/53
2-1/2% Certificate
2/14/59-A
2/14/58
1-7/8% Nate
2/15/59-A
5/17/54
1-1/2% Note
'3-3/4??
12/1/58
Certificate
2-l/2i? Bond
vjotal
2/15/59
Total.
1-1/2% Certificate
3/24/59-D
8/6/58
1-1/2% Note
4/1/59- EA
4/1/54
5/15/59
1-1/4% Certificate
5/15/59-B
6/15/58
5/15/59
3-1/4% Bill
5/15/59
10/8/58
6/22/59
2.999% Bill
6/22/59
11/20/58
1-5/8% Certificate
8/1/59-C
8/1/58
Note
8/1/61-A
8/1/57
3/24/59
4/1/59
8/1/59
4%
Total
9/21/59
3.293% Bill
9/21/59
2/16/59
10/1/59
1-1/2% Note
10/1/59-EO
10/1/54
11/15/59-E
12/1/58
11/15/59-B
10/10/58
Note
8/15/62-B
9/26/57
12/22/59
3.565% Bill
12/22/59
5/15/59
1/15/60
3.386% Bill
I/15/6O
4/1/59
3-3/4% Certificate
2/I5/6O-A
2/15/59
1-1/2% Note
4/1/60- EA
4/1/55
'3-3/8% Certificate
3-1/2% Note
11/15/59
Total maturities...
4%
2/15/6O
Total.
Note
8/15/62-B
9/26/57
3/22/60
f4.075% Bill
1^3.719% Bill
3/22/60
3/22/6O
7/8/59
7/8/59
4/1/6O
1-1/2% Note
4/I/6O-EA
4/1/55
4/15/6O
3.835% Bill
4/15/6O
5/11/59
5/I5/6O-B
5/15/59
3-1/2% Note
5/I5/6O-A
2/15/57
3-1/4% Note
5/15/6O-B
1/21/59
6/22/6O
6/22/60
10/21/59
10/21/59
2/15/60
4%
4%
Certificate
5/15/6O
Total.
6/22/60
(4.783% Bill
14.726% Bill
11,519
3,818
927
Turned
in for
cash 2/
Description of new
security offered
(See also Table A)
August 196J
55
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
41
August 196J
57
.
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 6.- Diepoeition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Turned
in for
cash 2/
Description of new
security offered
(See also Table 4)
(In millions of dollars)
8/15/63
3-1/2^
Cert.
8/15/b3
8/15/62
5,181
5,181
5,133p
48p
2-1/2*
Bond
8/ 15/63
12/15/54
1,461
1,461
l,266p
I95p
6,641
6,641
6,399p
243p
Total
Source:
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
1/ Original call and maturity dates are used,
2/ All by investors other than Federal Reserve Banks
Two issues of bills, maturing January 16, 1957, and February 15, 1957
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957.
Tax
anticipation issue; for detail of offerings beginning 1957, see
/t/
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
5/ During June and July 1958, $491 million of the 2-5/8* Treasury bonds
of 1965 was purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May I4, 1958, for redemption on September 15, 1958,
Represents
amount which owners exercised the option to redeem on
7/
August 1, 1959 (see Table 4, footnote 9).
8/ Holders of the 4* notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/856 notes.
Rolled over into a one-year bill (see Table 4).
10/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote ll).
11/ 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 carding the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or reden5)tion of the
new obligations.
12/ Holders of 2-1/2* Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period frcm
June 8, 1960, to June 13, 1960, 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.
Holders of the maturing notes were not offered preenptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8* certificates or
the 3-7/8* bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-3/4^ Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 32 and 34).
IV Reopening of an earlier issue.
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, 1960, to
September 20, 1960, inclusive, the first for 3-1/2* bonds of 1980,
the second for 3-1/2* bonds of 1990, and the other two for 3-1/2*
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.
17/ 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-I/4*
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
18/ Excess of maturing 4-7/8* certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40).
12/
^
V
^
U/
W
20/
21/
22/
23/
24/
25/
26/
p
.3-3/4* Note
11/15/64-F
From March 20 through March 22, 1961, owners of 2-1/1$ bonds of June
15, 1959-62, 2-1/4* bonds of December 15, 1959-62, 2-5/8* notes
maturing February 15, 1963, and 2-1/2* bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8* bond due November 15, 1967,
and the last for a new 3-3/8* bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
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 million offering of 3^ certificates or the $2,500 million
offering of 3-1/4^ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8* certificates and 3-5/8* notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
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 $6,500
million offering of 3-1/2* certificates, the $1,500 million
offering of 4* bonds, or the $750 million offering of 4-1/4*
bonds. For detail of offering, see Table 4.
Excess, of maturing 4* notes and 3-1/4^ notes over "allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2* certificates, 2-5/8* notes,
3-1/4^ notes), and May 15, 1963 (3-1/4/^ certificates, 3-1/45^ notes,
4* notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
August
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Table 7.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. S. Dollars)
August i96)
61
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
.
.
,
Treasury Bulletin
62
,
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May
being sold.
and Series H has been on sale since June 1, 1952.
1,
30,
1952. Series J and K were sold from May 1, 1952 through
19'<^1,
April 30, 1957. Details of the principal changes In Issues,
Series
Interest yields, maturities, and other terms appear In the
Treasury Bullet Ina of April 1951, May 1952, May 1957, October and December 1959. and May and October 196I.
A-D were sold from March 1, 1935, through April 30, 191^1.
Series F and G were sold from May 1, 19'+1, through April
Table 1.- Sales and Redemptions by Series, Cumulative through July 31, 1963
(In millions of dollars)
Amount outstanding
Sales
Series
Accrued
discount
V
Sales plus
accrued
discount
Redemptions
1/
Interestbearing debt
Matured
noninterestbearing debt
Series A-D 2/
Series E and H
Series F, G, J, and K.
3,9i9
116,376
31,951
1,054
19,066
1,268
5,003
135,ii2
33,219
4,990
88,942
31,155
46,500
1,926
137
Total A-K.
152,276
21,388
173,664
125,086
48,427
151
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
13
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions 1/
Sales
Fiscal years:
1935-1955
1956
1957
1958
1959
I960
Sales plus
accrued
discount
114,249
5,846
4,881
4,670
4,506
4,307
4,464
4,421
4,518
11,075
1,214
1,216
1,226
1,228
1,240
1,286
1,358
1,408
125,324
7,060
6,097
5,896
5,734
5,547
5,749
5,780
5,926
66,681
7,846
8,958
117,048
5,517
4,605
4,689
4,320
4,350
4,539
4,278
11,680
1,217
1,216
1,235
128,728
6,734
1,221
1,262
1,322
Matured
noninterestbearing debt
Sales
price 2/
Accrued
discount 2/
Interestbearing debt
62,173
7,018
8,055
4,508
828
903
873
872
58,365
57,497
54,622
51 ,984
50,503
47,544
47,514
277
360
374
364
47,607
48,314
211
624
8,5U
7,671
7,249
8,557
5,819
6,377
331
280
240
7,542
5,038
4,934
4,482
1,015
65,295
7,419
8,674
6,450
7,763
4,885
846
956
805
1,009
5,851
881
1,397
5,541
5,612
5,861
5,675
70,179
8,264
9,630
7,255
8,772
6,732
5,595
5,602
4,842
4,792
754
810
57,924
56,293
52,474
51,192
48,154
47,159
47,458
47,535
525
425
397
138
110
112
663
535
509
558
398
405
463
335
345
96
63
60
47,742
47,893
48,021
230
215
107
108
126
521
U6
517
472
408
397
379
346
336
67
62
June. ...
414
410
347
61
48,113
48,231
48,314
173
165
157
July ...
413
137
550
444
374
69
48,427
151
1961
1962
1963
Calendar years:
1935-1955
1956
1957
1958
1959
I960
1961
1962
,
Months:
1963-January.
February,
March, ,
April.
.
.
May
Source:
1/
Accrued
discount
5,821
5,924
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
5,716
5,273
781
782
791
Footnotes at end of Table 4.
157
725
734
686
494
368
335
331
191
i
August 196J
63
.UNITED STACES SAVIHGS BOHDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Series E and H combined
Fiscal years:
1941-1955
1956
1957
1958
1959
I960
196I
i
1962
1963
}
Calendar years:
1941-1955
I
1
I
I
'
1
1956
1957
1958
1959
i960
79,204
5,260
4,613
4,670
4,506
4,307
4,464
4,421
4,518
9,184
1,114
1,133
81,720
9,738
1,124
1,143
1,178
1,169
1,224
1,293
1,372
5,043
4,507
4,689
4,320
4,350
4,539
4,278
1961
1962
1
1,161
1,174
1,194
1,254
1,331
1,386
I
JMonths:
,1
,1
1
963-January
February.
March.
.
525
.
.
425
397
136
108
110
April.
May
June
,
.
414
410
347
106
106
124
413
135
July
88,387
Sales
price
2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing debt
64
__ UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In millions of dollars)
Redemptions )J
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Total
2/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-1955
1956
1957
1958
1959
i960
1961
1962
1963
3,133
3,961
661
4,981
4,951
4,248
4,196
4,092
4,295
3,673
3,613
732
755
797
886
3,461
742
9,738
1,124
1,143
1,173
1,169
1,224
1,293
1,372
88,772
5,266
5,018
4,979
4,767
4,856
5,003
4,996
51,262
4,689
5,220
4,658
5,225
4,729
4,249
4,349
47,811
4,018
3,452
670
783
727
883
794
703
754
576
48O
458
458
332
337
368
272
279
90
60
347
136
108
110
57
16
17
365
367
306
106
106
124
385
349
65
60
19
18
337
320
289
278
59
16
38,983
39,089
39,166
378
311
67
21
39,262
108
196
236
217
322
233
260
298
86
108
196
236
217
322
233
260
298
3,9U
79,034
4,1i2
3,875
3,802
3,598
3,632
1961
3,711
1962
3,624
Months:
1963-January,
February
March.
April.
.
.
.
.
440
372
May
June. ...
360
July
Fiscal years:
1952-1955
1956
1957
1958
1959
i960
1961
1962
1963
Calendar years:
1952-1955
1956
1957
1958
1959
1960
1961
1962
Months:
1 963- January
February
March. .
.
April.
.
May
Jxine.
.
.
July....
Source:
278
212
199
37,510
38,087
37,885
38,206
37,748
37,597
38,140
38,587
49,016
4,622
3,67-i
Calendar years:
19i1-1955
1956
1957
1958
1959
1960
191
37,186
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
86,203
5,333
5,052
5,049
4,862
4,797
4,943
5,005
5,300
45,883
1,114
1,133
1,161
1,174
1,194
1,254
1,331
1,386
77,019
i,219
3,919
3,889
3,688
3,603
3,689
9,184
135
471
473
430
495
2,185
2,185
1,041
1,041
4,889
5,181
4,394
4,343
4,203
4,437
3,931
4,342
3,935
3,546
3,595
38,680
38,812
38,916
278
212
199
28
24
16
17
6,999
7,048
7,087
25
26
28
25
26
28
19
18
16
7,129
7,164
7,193
28
28
21
7,239
2,686
901
631
901
631
887
722
718
828
654
887
722
718
828
654
85
85
53
49
23
23
21
21
28
48
43
40
48
43
40
53
53
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
24
2,553
3,310
3,693
4,383
4,811
5,540
6,345
6,912
2,686
49
219
191
694
53
201
188
2,099
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
694
782
818
704
775
747
604
782
818
704
775
747
604
721
731
133
143
248
198
294
267
235
287
201
188
219
133
143
248
198
294
267
235
287
Footnotes at end of Table 4.
August 196 J
65
-UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
{In millions of dollars
Matured
Period
To'-.al
1/
Total
Unmatured
Series E
and H
Total
Fiscal years:
1951
1952
1953
195i
1955
1956
1957
1958
1959
I960
6,137
5,109
817
792
5,621
1,761
6,515
3,941
7,846
8,958
4,263
4,115
3,730
8,5U
7,249
8,557
5,819
5,716
5,273
1961
1962
1963
2,747
7,251
3,621
4,126
2,673
2,593
2,250
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1
,593
Calendar years:
1951
5,651
1952
1953
1954
1955
1956
1957
1958
1959
I960
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
1961
1962
772
1,015
2,318
3,171
254
968
1,328
1,500
4,230
4,246
4,156
3,393
2,047
4,701
3,033
2,555
2,433
1,944
1,633
1,656
2,387
1,891
2,084
1,691
Months
1963- January.
February
March.
558
398
405
179
206
138
155
148
April. .
May
June ....
446
408
397
173
182
152
118
155
128
July
4U
145
120
.
241
779
Series E
and H
Other
Unclassified
10/
. ..
..
. .
.
Treasury Bulletin
66
.DNITID STATES SAVINGS BONDS.
and H
Table 5.- Sales and Redemptions by Denominations, Series E
(In thousands of pieces)
Total all
denominations
Period
$10
2/
$25
$50
Sales 6/
-
Fiscal years:
19a-55.
1956....
1957
1958....
1959....
I960
1961
1962
1963 p..
1,696,608
90,053
90,160
89,^31
85,882
85,607
86,495
86,479
89,627
21,076
1,740,071
90,786
90,856
86,676
84,945
86,659
85,757
87,094
21,076
1,155,275
Calendar years:
19a-55
1956
1957
1958
1959
1960
1961
1962
Months:
1962- July
August. .
September.
October.
November.
December.
6,970
7,300
6,576
8,034
6,816
6,431
.
.
9,061
7,685
8,003
1963- January.
February.
March.
.
.
.
7,721
7,930
7,100
April
May
June p
Inception to date
p.
2,400,344
21,076
1,229,060
89,953
93,175
93,452
88,647
90,748
85,077
83,804
83,466
18,181
429
321
231
177
144
101
78
62
273,338
90,109
18,403
Fiscal years:
19a-55.
1956...
1957...
1958...
1959...
1960...
1961...
1962...
1963 p.
•
Calendar years:
19il-55
1956
1957
1958
1959
1960
1961
1962
1,
96,384
88,902
90,083
87,819
82,762
84,285
Months:
1962-July
August.
September.
October.
November
December.
.
.
.
.
.
1963- January
February.
March.
.
.
.
April
May
June p
Inception to date p.
371
280
197
161
122
87
71
7,076
7,233
6,655
6,838
6,479
5,985
6
6
6
8,172
6,615
6,837
7
7,743
7,082
6,751
5
4
1,937,382
19,722
5
4
4
5
5
5
$100
$200
1/
$500
i/
Combined
August 196 J
67
.UNITED STATES SAVINGS BONDS.
Table 6.- Sales by States, Series E and H
Combined
(In thousands of dollars at issue price)
Inception
through
June 1963
Alabaina.
Alaska .
Arizona.
July
Aug.
1,121,792
51,301 3/
422,068
2,930
412
1,368
3,235
437
1,375
2,831
268
1,277
2,937
335
1,481
3,073
294
1,082
2,817
386
1,137
3,288
380
2,237
1,388
24,587
3,224
1,541
1,166
19,677
1,980
1,303
25,695
2,821
1,261
23,815
2,556
20,243
2,019
1,462
22,452
2,464
Dec.
Mar.
Apr.
May
3,247
283
1,825
2,924
260
1,604
3,002
229
1,612
3,215
287
1,719
2,037
30,485
2,945
1,747
22,814
2,797
1,372
24,443
2,557
1,414
26,547
2,342
1,224
25,229
2,443
Jan.
Feb.
1,797,083
305,977
1,212,77^
6,5U
6,275
1,458
2,948
4,946
2,355
2,937
1,183
2,735
6,389
1,360
4,199
5,950
1,863
2,832
6,230
1,493
2,945
6,799
2,473
3,353
5,632
292
2,860
6,292
1,700
3,306
5,700
1,291
4,457
5,820
2,142
3,306
Florida
Georgia.
Hawaii.
1,495,052
1,249,510
435,377
6,348
3,258
8I4
5,864
3,184
944
4,840
3,058
383
5,662
3,654
1,246
5,694
2,923
8I4
5,417
3,149
875
8,468
4,396
959
7,922
3,410
959
6,303
3,320
859
6,917
3,264
7,159
3,305
924
Idaho.
282,924
9,346,857
3,251,990
587
27,433
11,759
581
377
612
21,334
9,396
24,598
10,979
463
23,271
9,344
509
26,760
10,593
735
36,867
15,004
515
25,775
10,313
29,778
11,808
472
28,752
11,350
3,195,605
1,885,802
1,277,845
5,503
4,391
7,889
5,782
4,U9
6,789
4,372
3,763
7,293
4,435
3,929
7,614
4,724
3,776
10,233
4,900
4,135
15,265
8,055
5,309
9,565
6,409
4,624
9,976
5,496
Kentucky
Louisiana.
Maine
Maryland .
1,102,235
436,523
1,441,685
3,046
1,339
5,238
2,809
2,594
1,172
5,394
1,142
4,553
2,799
1,120
5,153
2,423
1,188
4,733
2,420
1,229
4,907
3,819
1,510
6,072
Massachusetts.
Michigan
Minnesota
3,234,461
6,353,174
2,177,690
9,397
18,254
4,705
9,596
18,902
4,611
7,856
20,708
4,022
8,618
17,538
4,323
9,190
18,924
4,366
9,758
19,622
4,405
Mississippi.
Missouri .
Montana
647,848
3,239,269
569,653
1,276
10,983
1,146
1,277
10,755
1,196
1,075
9,135
959
1,295
9,888
1,240
973
9,437
1,242
Nebraska
Nevada
New Hampshire.
1,844,761
138,204
5,571
573
5,682
671
4,691
506
268,536
930
752
694
5,399
603
730
4,314,463
280,835
12,878,469
14,821
14,554
1,002
36,851
11,723
983
32,745
3,581
1,242
3,354
1,225
23,419
4,340
2,447
. .
.
,
.
New Jersey.
New Mexico.
New York.
.
875,626
North Carolina.
North Dakota. .
Ohio
1,285,584
572,861
7,201,099
Oklahoma
Oregon
Pennsylvania.
1,420,270
1,099,840
9,542,515
1,054
34,182
547
551
29,469
11,353
29,882
10,490
9,695
5,365
4,030
8,629
5,142
4,421
3,552
1,328
5,576
2,733
1,073
5,275
3,170
1,052
6,292
2,963
1,175
5,698
11,837
25,475
5,782
11,898
21,696
5,575
10,955
18,361
4,649
10,768
21,847
5,042
11,975
21,097
4,903
1,037
10,104
1,349
1,382
14,049
1,704
1,330
11,735
1,642
1,038
11,411
1,443
1,084
11,797
1,312
1,058
10,649
1,249
5,600
502
752
6,636
396
956
12,660
644
970
7,309
586
786
7,060
465
1,037
6,578
455
768
5,821
540
14,145
932
32,809
13,253
915
33,225
14,171
857
16,111
1,031
16,200
54,706
15,829
812
44,902
16,491
37,324
19,159
1,068
65,753
924
55,176
66,685
3,138
1,023
3,384
1,222
22,822
19,341
21,211
3,346
1,482
21,319
3,503
1,472
20,333
4,244
1,896
29,870
4,432
1,852
24,782
3,210
1,342
25,488
3,427
1,172
23,033
3,358
1,317
24,049
3,659
2,036
31,637
3,967
2,265
35,677
3,995
2,160
33,726
i,424
2,143
4,720
2,356
38,790
3,611
4,039
2,575
39,134
2,701
38,380
3,725
2,458
42,129
1,541
3,971
653
931
U7
4,220
2,548
36,980
35,531
5,340
3,953
44,956
506,418
655,506
695,017
1,245
1,992
1,615
1,039
1,759
1,575
1,008
1,895
1,368
1,136
1,862
1,442
1,106
1,794
2,014
1,440
1,544
1,691
2,539
1,867
2,378
1,667
2,027
1,913
1,390
1,817
1,822
1,977
1,920
Tennessee
Texas
Utah
,185,058
4,066,114
447,777
2,986
11,102
1,464
2,895
11,101
1,477
2,416
9,009
1,367
2,653
10,079
1,398
2,616
3,684
1,383
2,692
8,811
1,276
3,749
14,211
1,678
3,436
11,237
1,695
2,848
9,858
1,397
3,310
10,219
1,519
2,820
10,253
1,375
Vermont. . .
Virginia..
Washington.
146,418
1,893,893
1,879,094
388
5,448
5,016
396
6,625
4,654
389
5,584
4,299
309
6,042
4,803
383
4,768
4,435
397
6,159
4,120
448
6,995
6,041
433
7,998
362
5,841
5,291
4,263
417
5,974
4,796
6,828
4,495
3,823
6,908
447
3,485
5,949
439
3,709
6,265
478
3,727
6,068
467
3,828
6,808
670
5,334
8,711
682
4,333
7,141
513
4,283
6,715
639
4,553
6,609
474
4,396
6,668
205
145
272
162
16
208
184
253
165
24
221
152
275
88
276
402
311
17
17
10
15
230
25
268
322
24
Rhode Island. .
South Carolina.
South Dakota. .
'
Nov.
Connecticut
Delaware
District of Columbia.
Iowa
Kansas.
1
Oct.
667,507
7,916, H7
Indiana.
I
Sept.
Arkansas . .
California.
Colorado .
Illiiiois.
'
1963
2,/
.
||
1962
1
37,
West Virginia.
Wisconsin
Wyoming
1,170,070
2,593,322
222,555
4,412
7,404
Canal Zone
Puerto Rico
Virgin Islands
68,952
63,023
3,255
218
Undistributed and
adjustment to daily
Treasury statement..
Total.
+3,525,157 4/
115,962,840
590
2/
1,711
391
475
20
15
194
185
16
+14,322
+22,588
+8,546
+35.702
+19,251
-35,257
+59,061
+38,i64
+36,962
+36,125
+22,524
5,071
360,449
300,744
359,574
327,096
295,155
525,282
424,801
396,700
413,607
409,881
130
Daily Treasury statement and reports from Federal Reserve Banks.
Sales of Series H began June 1, 1952
Figures include exchanges of minor amounts of Series F and J bonds
for Series H bonds beginning January 1960; however, they exclude
exchanges of Series E bonds for Series H bonds.
Excludes data for period April 1947 through December 1956, when
Source:
2/
1,610
1,650
V
reports were not available. In previous issues of the Bulletin, data
for period May 19-i.l through March 1947 were included in "Other
possessions," ajid data for calendar years 1957 and 1958 were included
in "Adjustment to daily Treasury statement."
Includes a small amount for other possessions.
.
.
Treasury Bulletin
6B
OWNERSHIP OF FEDERAL SECURITIES.
Issues
Table 1.- Distribution of Federal Securities by ClasseB of Investors and Types of
{In millions of dollars)
Total
Federal
securities outstanding
End of
fiscal
year or
month
Total
outstanding
1/
1956
1957
1958
1959
272,825
270,634
276,444
284,817
269,883
268,486
274,698
281,833
Interest-bearing securities Issued
by the U.S. Government
_
Held by private
Held by U. S. Government
Held by
Investors j/
investment accounts 2/
Federal
Reserve
Public
Banks marketSpecial
Public
Total
public
Total
able
Issues
issues
issues
issues
53,470
55,501
55,842
54,554
8,356
8,674
9,596
9,799
45,114
46,827
46,246
44,756
23,758
23,035
25,438
26,044
192,655
189,949
193,418
201,235
126,304
127,179
134,593
144,983
Interest-bearing securities guaranteed by the U.S. Government
Matured
debt
Held by
and
Held by
U. S.
debt
Total
Government private
bearing
outinvestment investors
no
standing
accounts
1/
interest
i/
^
Public
nonmarketable
issues
25
50
48
54
63
46
47
2,869
2,042
1,646
2,873
605
79
87
167
165
60
153
277
440
3,090
3,300
3,759
3,907
66,351
62,770
58,825
56,252
73
106
101
110
139
240
56
1960
1961
1962
1963
286,471
289,211
298,645
306,466
283,241
285,672
294, 4A2
301,954
55,259
56,002
56,296
58,206
10,360
10,959
11,357
13,405
44,899
45,043
4^,939
44,301
26,523
27,253
29 663
32,027
201,459
202,417
208,483
211,721
149,546
151,392
157,418
160,361
51,913
51,025
51,065
51,360
1962-December.
303,988
299,209
55,412
11,987
43,426
30,820
212,977
162,553
50,424
517
160
357
4,262
1963- January
February.
March
303,948
305,179
303,541
299,332
12,190
12,396
12,768
42,191
42,487
42,204
30,289
30,586
30,963
214,662
215,101
213,043
163,812
164,090
162,050
50,850
51,011
50,994
526
537
547
165
169
161
361
298,978
54,381
54,883
54,972
4,090
4,072
4,016
303,728
305,781
306,466
299,189
301,186
301,954
54,167
56,934
58,206
12,563
13,372
13,405
41,604
43,562
44,801
31,182
31,254
32,027
213,840
212,998
211,721
162,879
161,764
160,361
50,961
51,234
51,360
561
576
605
165
160
165
416
440
3,978
4,019
3,907
211,550
160,102
51,448
645
181
464
3,898
.
April
May
June
July
.
305,482
300 , 571
300,938
56,921
13,196
43,724
,
32,468
Daily Treasury statement for total amounts outstanding; reports
Source:
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government agencies
whose investments are handled outside the Treasury.
^
4^
444
396
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amoimt outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
All are
Consists of guaranteed securities held outside the Treasury.
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury ^
(In millions of dollars; negative figures are net sales)
Year
368
386
August 1961
69
.OWKEESHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Pa
alues 1/ In billions of dollars)
Held by ban]is
Total
Federal
End of
secxirities
month
outstanding 2/
Held by private nonbank investors
U. S.
Comnier-
cial
banks
Federal
Reserve
Banks
Government
investment
accounts
Individuals
Savings bonds
Total
Total
2/
1939-Dec..
47.6
15.9
2.5
6.5
1940-Jvme.
48.5
50.9
16.1
17.3
2.5
2.2
7.1
7.6
1941- June..
Dec...
55.3
64.3
19.7
21.4
2.2
2.3
1942- June..
Dec . .
77.0
112.5
26.0
41.1
1943- June..
Dec...
140.8
170.1
1944- June.
^
Series Other
E and H series
^
Other Insurance
secu- companies
rities
Mutua
savings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
and international
2/
10.1
1.9
8.2
6.3
3.1
2.2
22.8
23.9
10.1
10.6
2.3
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
.2
.2
8.5
9.5
25.0
31.0
11.2
13.6
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.2
1.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
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
52,2
59.9
7.2
11.5
14.3
16.9
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
1.5
2.1
1.3
1.5
202.6
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
46.1
53.3
21.1
25.5
10.1
10.7
U.9
lU.O
17.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
1.4
1.7
1945- June..
Deo . .
259.1
278.7
84.2
90.8
21.8
24.3
24.9
27.0
128.2
136.6
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
2.0
2.4
1946-Feb. 2/.
June....
Dec
279.8
269.9
259.5
93.8
84.4
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
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2,
74.5
22.9
23.8
23.3
1947- June
Dec
258.4
257.0
70,
68.
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.
14.
7.1
7.3
2,
1948- June...
Dec
252.4
252.9
64.
62.
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
13.6
14.8
7.8
7.9
2.6
2.8
1949- June...
252.8
257.2
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
2.9
2.9
257.4
256.7
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
255.3
259.5
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
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
1952-June..
Dec...
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
1953- June..
Dec . .
266.1
275.2
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
5.7
5.9
|1954-June..
Deo .
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
16.6
19.2
13.9
14.4
6.0
6.3
|1955-June..
Dec . .
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
|l956-June..
Dec . .
2-72.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
|tl957-June..
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
7.6
7.6
1958- June..
Dec. .
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
6.5
7.7
(1959- June..
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20,1
18.8
18.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
63.1
65.0
43.6
44.2
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
19.3
18.7
12.7
13.4
Dec.
Dec
I
1
Dec...
1950- June.
Dec.
J
1951- June.
Dec.
.
Dec
Dec
.
.
'I960- June..
Dec.
.
p.961-June..
Dec...
59.1
65.1
146.8
67.8
28.5
53.8
65.2
66.6
148.3
28.4
54.2
65.5
149.0
29.1
54.5
64.0
65.3
29.2
53.7
65.3
U9.1
148.8
64.9
65.2
29.6
55.9
65.0
147.6
65.0
29.7
56.5
July.
148.5
55.5
65.4
64.5
29.8
30.4
Aug....
57.1
150.4
65.5
64.5
Sept...
149.1
65 7
64.6
29.8
56.4
Oct
56.1
150.4
30.2
65 6
65.9
152.1
65 7
Nov , » .
57.9
65.4
30.5
65 9
Deo ...
151.1
66.5
30.8
55.6
66 3
153.1
L963-Jan....
54.5
66.0
30.3
66 5
Feb ...
154.4
65.1
30.6
55.1
67.2
Mar
153.6
55.1
303.5
63.9
31.0
66.6
154.0
Apr
31.2
54.3
303.7
64.2
66.4
May. . .
305.8
63.0
57.1
154.4
31.3
66.7
June p.
306.5
152.6
63.5
32.0
58.4
Source:
Office of Debt Analysis in the Office of the Secretary.
\iJ 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
\y
guaranteed securities held by the Treasury.
Consists of commercial banks, trust companies, and stock saviiogs
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
(1962- Jan
Feb
Mar. . .
Apr. . ..
May....
June . .
.
1
|1
296.9
297.4
296.5
297.4
299.6
298.6
298.3
302.3
300.0
302.6
305.9
304.0
303.9
305.2
.2
44.4
44.4
44.5
44.5
44.6
44.6
44.7
44.8
44.9
44.9
45.0
45.1
45.3
45.5
45.6
45.7
45.8
46.0
V
i/
6/
2/
8/
2/
Other miscellaneous
investors
8/
.4
.4
2.
2,
3
3.5
4.3
5.3
7.5
11.
2
2.2
18.6
20.6
19.0
12.9
18.6
11.
21.6
19.1
13.0
2.2
3
11.
6
2.1
19.5
13.
18.9
20,4
18.7
11.
20.6
19.6
13.
2.1
3
11.
2.0
21.1
19.7
13.
18.3
3
11.
19.7
14.
2.0
19.6
18.3
3
11.
2.0
18.6
6.3
20.0
19.9
14.
11.
21.1
19.9
2.0
18.7
6.3
14.
11.
2.0
6.3
15.1
19.0
19.8
18.9
11.
6.1
1.9
18.3
15.4
19.9
19.6
11.
6.1
19.3
1.9
21.8
18.9
15.4
11.5
6.1
19.5
1.8
20.0
19.0
15.3
19.9
21.0
19.4
15.3
11.5
6.1
1.7
19.9
6.1
21.6
19.4
15.2
1.7
11.4
11.2
20.7
20.1
1.6
19.9
6.3
15.3
6.1
19.3
11.1
20.9
20.6
15.6
1.6
22.0
19.0
11.0
6.1
20.6
1.6
15.8
19.8
1.5
19.2
10.8
6.1
15.8
20.8
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
r
Revised.
Preliminary.
Immediate postwar debt peak.
p
:
.
Treasury Bulletin
70
.TREASDHy SUHVKY OF OWNEKSHIP, JUNE 30, 1963.
The monthly Treasury Survey of Ovmershlp covers eeourltles Issued by the United States Government and by Fed-
corporations and savings and loan associations In the September i960 Bulletin, and for State and local govemmente
Insurance companies Included
for about 90 percent of all
account
In the Suiwey currently
such securities held by these Institutions. The similar
In the February 1962 Bulletin.
eral agencies.
The banks
aind
Holdings by commercial banks dlstrltuted according to
Federal Reserve member bank classes and nonmember banks are
published for June JO and December 3I. Holdings by corpo-
proportion for corporations and for savings and loan associations Is 50 percent, and for State and local governments,
Data were first published for banks and In60 percent.
surance companies In the May
Section
19'+1
|
,
(
rate pension trust funds are published quarterly, first
appearing In the March 1^^^ Bulletin.
'
Treasury Bulletin, for
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
I
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding 1/
Classification
Interest-bearing securities:
Public marketable
Public nonmarketable 6/.
Special issues
20i,H3
53,645
i4,801
Total interest-bearing
securities
302,559
Matured debt and debt bearing
no interest 8/
cial
banks
2/ 3/
507
mutual
savings
banks
301
life
2/
508 fire,
casualty,
and
marine
savings
and loan
associations
472
corpo-
10,144
55,487
281 7/
5,962
161
4,784
492
4,301
3,266
87
89
55,768
6,123
5,276
4,388
3,354
185
rations
pension
295
general and retirement
funds
funds
7,614
178
Held by
S. Government investment accounts
and Federal
Reserve Banks
U.
5,060
227
7,792
10,152
all
other
investors 4/
Memorandum;
Held by
15,365
corporate |
pension
trust funds,
43,312
2,285
44,801
64,182
49,838
2,030
136
90,398
114,020
2,166
Held by
all
other
investors /i/
Memorandum:
Held by
15,365
corporate
'
pension
trust funds
3,907
•
Total securities issued or ^aranteed by U. S. Government ^...
6,120
commer-
State and local
governments
306,466
Footnotes at end of Table 4.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Far values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments
Insurance companies
Total
amount
outstanding
Classification
By type of security:
Issued by U. S. Government:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Guaranteed by U. S. Government 2/
Total
By maturity distribution:
Call classes (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 9/..
Total.
Maturity classes final
maturity)
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 %/
47,230
22,169
52,145
81,964
605
6,120
commercial
banks
2/ 1/
7,633
2,874
21,460
23,472
48
507
mutual
savings
banks
301
life
508 fire,
casualty,
and
marine
2/
4,318
244
107
1,256
2,679
82
15
388
71
99
1,142
4,252
110
269
15
488
savings
and loan
associations
210
41
557
2,400
472
corporations
6,325
752
1,933
1,134
185
pension
295
general and retirement
funds
funds
3,899
472
735
2,508
58_
S. Government investment accounts
and Federal
Reserve Banks
U.
580
4,476
4,507
14,836
10,962
12,842
27
165
23,578
2,996
13,626
23,883
99
2,030
348
5
205
72
429
945
5
204,113
55,487
5,962
4,784
4,301
3,266
10,144
7,614
5,060
43,312
64,182
91,202
68,980
20,522
4,304
4,525
13,975
17,610
27,623
9,265
388
178
375
48
1,209
1,899
1,084
160
286
1,215
110
296
894
183
153
583
2,593
1,198
2,181
519
,152
822
165
116
433
4,774
1,207
240
9
337
206
851
517
534
246
650
598
24,295
11,877
2,206
980
1,303
2,487
854
543
323
505
114
109
130
15
7,996
1,992
136
4,301
3,266
10,144
752
1,694
1,436
75
141
187
15_
334
824
1,285
121
7,850
1,895
378
8
89
154
4
9
416
10,144
7,614
605
82
204,113
55,487
5,962
4,784
85,294
58,026
37,385
2,244
6,115
14,444
605
15,545
25,748
13,205
783
1,255
2,154
96
154
344
875
332
683
2,602
2
58
27
165
32,790
19,622
5,836
1,348
1,144
3,343
99
5,060
43,312
64,182
2,030
452
252
593
120
998
2,618
27
23,339
9,953
5,085
669
1,489
2,611
165
31,349
15,279
11,619
680
1,690
3,466
99
782
445
493
47
105
154
5,060
43,
n2
64,182
2,030
2,488
87
73
147
5_
(
204,113
Total.
Footnotes at end of Table
4.
3U
211
389
48
55,487
1,233
110
5,962
45
82
4,78
4,301
440
58_
3,266
4,684
783
754
889
5_
August 196J
71
.TBEASURy
SUEIM OF CWNERSHIP, JUNE
30, 1963.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand-
6,120
commercial
banks
2/1/
Treasury bills:
Regular weekly:
July 1963 - Sept. 1963.
Oct.
1963 - Dec.
1963.
State and local
governments
Insurance companies
507
mutual
savings
banks
2/
<V88
508 fire, savings
301
life
27,321
10,409
3,889
1,578
191
2,004
2,500
2,496
241
17
5
55
18
17
21
4
19
75
153
104
20
47
37
U. S. Government investment
accounts
pension
295
and re- and Federal
general tirement Reserve Banks
funds
funds
185
casualty, and loan 472
associa- corpoand
tions
rations
marine
3,731
1,636
2,386
669
177
237
239
304
309
6,325
3,899
281
52
Held by
all
other
investors
^
2,566
1,147
13,945
5,137
129
289
1,112
Other:
July
Oct.
Jan.
Apr.
1963.
1963.
1964.
1964.
Total Treasury bills.
Certificates of indebtedness:
3-1/2*
AJIgi
1963-C
1963-n
3-1/8
Nov.
Feb.
3-1/4
1964-A
3-1/4
May
1964-B
Total certificates of
indebtedness
Treasury notes:
4-7/8% Nov.
May
3-3/4
May
4-3/4
5
3-3/4
4-7/8
4-5/8
-1/2
-5/8
5/8
3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Aug.
Aug.
Nov.
May
Nov.
Feb.
Aug.
Feb.
Aug.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1963-C..
1964-D..
1964-A..
1964-B..
1964-E..
1964-C..
1965-A..
1965-B..
1966-B..
1966-A..
1967-B..
1967-A..
1963-EO.
1964-EA.
1964.-EO.
1965-EA.
1965-EO.
1966-EA.
1966-EO.
1967-EA.
1967-EO.
1968-EA.
Total Treasury notes.
Treasury bonds:
2-1/2^ June
2-1/2
Aug.
2-1/2
Dec.
3
Feb.
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
June
Dec.
3
Aug.
Nov.
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Feb.
Mar.
Mar.
May
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Aug.
Nov,
Feb.
Aug.
Nov.
May
June
1962-67.
1963....
1963-68.
1964....
1964-69.
1964-69.
1965....
1965-70.
1966-71.
1966
1966....
1966....
1967-72.
1967-72.
1967
1967-72.
1968
1968
1969....
1969....
1970
1971
1971
1972
1972
1974....
1975-85.
1978-83.
Footnotes at end of Table 4.
2,501
413
623
889
47,230
7,633
20
19
99
5,181
465
15
191
6,741
5,693
1,150
1,068
6
27
24
22,169
2,874
,011
979
1,939
519
318
136
68
9
98
92
16
13
58
56
1,881
51
2
673
657
1,869
3,392
1,558
2,585
3,221
227
188
195
219
152
280
214
176
202
126
116
8
18
101
2
66
54
69
80
147
66
,195
,113
,954
653
,454
,287
282
506
457
490
466
315
675
357
270
457
44
21 ,460
,461
,461
,851
593
397
664
790
808
665
2,297
392
152
1,805
653
820
,315
148
952
,604
,777
917
1,245
,460
,747
,844
,538
,906
,806
,760
726
2,285
,3U
1,167
866
,631
,543
682
420
,409
597
,024
579
,244
470
,590
21
15
107
63
152
4
4
5
3
3
1
3
4
11
3
195
1,091
642
870
1,224
1,121
76
156
122
146
15
3,798
3,774
3,934
3,330
710
404
1,027
855
41
752
472
14,836
2,996
24
106
66
82
85
103
25
58
32
366
302
51
12
53
20
85
73
54
23
1,207
1,188
1,164
1,509
1,088
832
727
770
41
18
31
26
129
42
74
58
26
28
13
10
120
35
157
36
167
103
219
154
87
99
35
68
37
132
130
93
98
21
7
69
143
16
22
53
12
61
71
55
62
29
13
46
11
42
125
16
6
13
22
8
13
14
26
81
47
U
11
5
12
19
52
6
44
23
79
10
38
199
128
13-
76
795
218
410
1
148
66
2
19
10
118
121
6
38
9
9
7
31
112
514
539
533
5
»
99
2
36
45
12
18
367
474
439
70
27
37
49
76
68
84
165
109
46
204
357
238
779
388
337
40
21
33
9
7
19
21
91
77
96
45
10
31
55
(Continued on following page)
13
7
8
10
81
13,626
38
56
33
16
100
10,962
77
70
64
24
73
114
84
828
1,166
1,197
110
205
22
40
365
27
57
1,231
71
13
153
341
14
344
71
57
82
36
78
92
75
64
75
153
79
118
42
27
80
735
3
1
23
435
1,737
15
1,933
16
1
2,859
219
1,759
2,326
423
1
557
136
119
2
52
17
10
1
1,256
8
11
5
269
121
115
168
165
184
76
98
93
148
167
160
120
70
2
218
24
150
100
99
94
73
98
134
72
159
88
111
50
39
100
34
22
64
51
1
16
28
75
85
43
33
20
115
49
116
92
23,578
93
68
144
167
11
43
4,507
81
5
11
348
95
373
203
2
25.!
205
1,291
1,181
912
171
5
125
56
12
118
220
144
2
18
16
2
1,142
171
28
23
119
18
52,145
,815
,634
13
14
59
3
19
244
4,554
893
,933
,316
019
11
15
48
75
27
43
89
38
210
52
13
67
36
10
35
85
54
4
3
60
15
21
39
61
43
120
129
401
361
184
345
19
475
262
136
425
669
125
186
561
635
642
1,088
607
412
1,092
230
645
741
567
1,036
1,741
936
655
398
1,132
780
739
817
568
747
680
123
545
Memorandum:
Held by
15,365
corporate
pension
trust
funds
V
Treasurij Bulletin
72
.TREASURY SDE7EY OF OWNERSHIP,
JUm
II
30, 1963,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments
Insurance companies
Total
amount
out stand-
Issue
6,120
commercial
banks
2/ 3/
Treasury bonds - (Continued)
IS
3-1/2
3-lA
4-1
A
J,
4-1/8
3-1/2
3
3-1/2
Total
1980
1980
^fay
1985
1987-92...
Aug.
1988-93...
Feb.
May
1989-94...
1990
Feb.
Feb.
1995
Nov.
1998
Treasury bonds
Feb.
Nov.
Guaranteed securities
^
Total public marketable
securities
....
2,611
1,915
1,130
83
95
89
365
250
300
4,913
2,559
4.457
81,964
12
17
8
605
204,113
135
39
76
23
507
mutual
savings
banks
2/
301
life
A38
508 fire, savings
casualty, and loan
associaand
tions
marine
L12
corporations
185
295
pension
general and refunds
tirement
funds
U. S. Govern-
ment investment accounts
and Federal
Reserve Banks
Held by
all
other
investors ij
4
Memorandum;
Held by
15,365
corporate
pension
ii
trust funds
August
i%l
73
.TBEASUEY SUKVEY OF OWNERSHIP,
Section
II
-
JT]NE
30, 1963.
Interept-Bearlng Securities Ipsued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 10/
6,120
commercial
banks
2/
y
i
I
j
Banks for cooperatives:
TOebentures)
1963
3.15* Aug.
(Debentures)
Oct.
1963
3.15
Dec.
1963 (Debentures)
3.20
169
160
130
47
49
48
Total banks for cooperatives
459
144
280
110
450
320
265
275
435
460
175
71
29
116
106
96
120
154
173
64
2,770
930
2,133
629
. .
11/
Federal home loan banks:
(Bonds)
3-1/i* July 1963
(Notes).
Aug
1963
3.30
(Notes).
Sept. 1963
3.30
(Notes).
Jan.
1964
3.20
Feb.
1964 (Notes).
3.25
Mar, 1964 (Notes).
3.40
Apr. 1964 (Notes).
3.30
(Bonds).
3-1/2 Oct. 1964
(Bonds)
3-3/4 Sept. 1965
Total Federal home loan banks
. .
Federal intermediate credit banks:
(Debentures)
12/
Federal land banks:
(Bonds)
3-5/8« Aug. 1963
(Bonds).
1963
3-1/4 Oct.
(Bonds).
4-1/2 Apr. 1964
(Bonds).
Oct.
1964
4
(Bonds)
Oct. 1965
4
(Bonds).
Deo.
1965
4
(Bonds)
Feb.
1966
3-5/8
(Bonds)
1966
3-1/4 May
(Bonds)
4-1/4 July 1966
1967- 72 (Bonds).
4-1/8 Feb.
(Bonds).
May
1967
4
1967- 70 (Bonds).
4-1/2 Oct.
(Bonds)
Mar.
1968
4-1/4
(Bonds).
June 1968
4
(Bonds).
4-3/8 Mar. 1969
(Bonds)
4-5/8 July 1969
(Bonds).
1970
5-1/8 Feb.
(Bonds).
1970
3-1/2 Apr.
(Bonds).
5-1/8 July 1970
(Bonds).
3-1/2 May
1971
(Bonds).
3-7/8 Sept 1972
4-1/8 Feb. 1973- -78 (Bonds).
(Bonds).
4-1/2 Feb.
1974
Total Federal land banks.
Federal National Mortgage
Association:
Discoxint notes. .
(Debentures
1963
4-1/8 J Nov.
3-5/8 May
1964 (Debentures
(Debentures
Sept. 1964
4
3-7/8 Dec.
1964 (Debentures
(Debentures
4-3/8 June 1965
(Debentures
3-3/4 Mar. 1966
(Debentures
4-1/8 Dec. 1966
1968 (Debentures
3-5/8 Mar.
4-3/8 Apr.
1969 (Debentures
(Debentures
4-5/8 Apr, 1970
(Debentures
4-1/8 Sept. 1970
4-1/8 Aug.
1971 (Debentures
4-1/2 Sept. 1971 (Debentures
(Debentures
5-1/8 Feb.
1972
(Debentures
4-3/8 June 1972
(Debentures
4-1/4 June 1973
4-1/2 Feb.
1977 (Debentures
I
'
Total Federal National Mortgage
Association
I
Tennessee Valley Authority:
(Bonds)
4.40^ Nov. 1985
(Bonds)
4-5/8 July 1986
4-1/2 Feb.
1987 (Bonds)
lotal Tennessee Valley Authority
144
2,725
19
92
100
147
117
98
132
95
94
88
146
120
67
98
100
100
147
198
1,960
50
50
45
145
"
74
Treasurif Bulletin
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1963
The tables which follow provide an analysis of the
security holdings of commercial banks reporting In the
Treasury survey of ownership of securities Issued by the
United States Government and by Federal agencies. The
figures show the total holdings distributed according to
Federal Reserve member bank classes and nonmember banks.
Section
I
-
This analysis of commercial bank ownership was firs Jl
published In the May ISUh Issue of the "Treasury Bulletin,
based on the survey data for December 3I, 19''-3I't has
appeared at semiannual or quarterly Intervals since that
time,
and is now being published for the June 30 and De-
cember 31 survey data.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
-^1
August 1961
75
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1963,
Section
I
-
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues
(Par values - in millions of dollars)
Federal Reserve member banks
Issue
Treasury bills:
Regular weekly:
July
1963 - Sept. 1963..
Oct.
1963 - Dee.
1963..
Held by
6,120
commercial
banks 1/
213 Reserve city
3,891
member
banks
3,678
13
New York
City
12
Chicago
188
other
country
1,641
418
3,839
1,578
3,089
1,387
474
182
581
71
791
316
241
413
623
889
180
361
558
800
17
92
219
276
4
28
72
78
115
112
299
126
155
7,633
6,373
1,658
436
1,701
2,579
465
191
1,150
1,068
406
5
224
143
1,030
925
34
11
100
95
6
32
29
50
506
2,874
2,516
239
833
129
159
2,229
nonmember
banks
Other:
July 1963
Oct. 1963
Jan. 196i
Apr. 196/i
Total Treasiory bills
Certificates of indebtedness:
3-1/2? Aug.
1963-C
3-1/8
Nov.
1963-D
Feb.
196i-A
3-1/i
May
3-1/4
1964-B
Total certificates of indebtedness
Treasury notes:
4-7/8 j Nov.
3-3/4
May
May
4-3/4
3-3/4
4-7/8
Aug.
Aug.
Nov .
4-5/8
May
3-1/2
3-5/8
4
3-5/8
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
Feb.
Aug.
Feb.
Aug.
Oct.
Apr.
Oct.
5
Apr
.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1963-C
1964-D
1964-A
1964-B
1964-E
1964-C
1965-A
1965-B
1966-B
1966-A
1967-B
1967-A
1963-EO
1964-EA
1964-EO
1965-EA
1965-EO
1966-EA
1966-EO
1967-EA
1967-EO
1968-EA
Total Treasury notes
Treasury bonds:
2-1/2% June
2-1/2
Aug
2-1/2
Dec.
.
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Feb.
June
Dec.
Feb.
Mar.
Mar.
May
Aug
Nov
.
.
June
Sept
Nov.
Dec
.
May
Aug
.
Feb.
Oct.
Aug.
Aug.
Nov .
Feb.
Aug.
Nov.
May
June
.
1962-67
1963
1963-68
1964
1964-69
1964-69
1965
1965-70
1966-71
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1970
1971
1971
1972
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
979
1,939
519
318
1,881
673
657
1,869
3,392
1,558
2,585
3,221
227
188
195
219
152
280
155
1,627
399
261
1,627
607
533
1,650
3,034
1,308
2,296
2,801
7
44
345
61
30
116
522
187
460
287
38
9
33
80
7
1
30
52
45
69
139
61
67
121
28
10
67
U7
416
393
385
1,195
1,009
349
521
120
82
628
259
166
750
1,179
447
897
1,175
91
78
85
99
70
122
103
62
71
4
323
867
265
134
625
236
292
715
1,193
614
872
1,219
56
74
58
176
202
18
213
172
178
195
134
261
203
166
193
17
21,460
18,710
2,530
798
7,358
,024
593
397
664
790
808
665
2,297
392
152
510
326
602
666
723
607
12
17
35
12
23
10
10
15
249
191
214
312
277
225
793
2U
1,80'^
653
820
U8
917
1,245
195
726
2,285
1,091
642
870
1,224
1,121
1,167
866
341
U
33
2,0U
334
127
1,540
565
647
126
790
1,029
144
607
1,977
965
541
727
1,033
973
1,026
759
279
9
28
35
18
6
17
23
16
21
•s
10
2
11
«
6
27
2
68
56
112
77
83
75
11
27
81
26
187
49
44
96
12
237
95
342
317
350
311
939
131
3
2
47
75
118
15
4
94
521
209
169
49
269
315
26
806
301
468
39
6
2
2
51
6
27
U
34
71
292
205
57
87
211
179
113
206
ft
1
1
(Continued on following page)
3
17
68
58
1
24
3
31
150
56
U5
752
306
132
282
272
262
363
179
97
2
U2
73
465
643
81
375
866
397
350
334
547
500
400
318
181
5
22
2,750
Treasury Bulletin
76
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1963,
Section
I
-
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues - (Contlnuedl
(Par values - in millions of dollars)
[
August 196J
Treasury BulletiA
78
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1963
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury.
Outstanding Issues which are guaranteed by the United
States Government are excluded.
Table 1.- Treasury Bills
Amount outstanding (millions)
i\
August 196J
79
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1963
Table 4.- Treasury Bonds
(Price decimals are 32ndsl
Price
Amount
outstanding
(miliionsi
»l,4bl
l,63i
4,682
3,597
1,024
3
2-5/8
3-3/4
3
Change
from
last
month
To first
call or
maturity
6/
8/15/63
2/15/64
2/15/65
5/15/66
8/15/66
99.31
99.28
98.27
99.31
98.05
-.02
-.04
-.16
-.11
3.40
3.76
3.65
.00
3.3?%
3.24
Change
from
last
month
+ .60%
+ .14
+ .12
+ .18
+ .14
High
Price
Date
Price
Date
12/15/54
2/14/5B
6/15/58
11/15/60
2/28/58
100.24
103.19
10U.13
102.11
103.20
4/18/58
4/21/58
6/5/58
5/15/61
4/21/58
91.05
92.06
89.00
99.09
89.24
9/15/59
9/15/59
1/6/60
2/1/62
1/6/60
3/15/61
5/5/42
3/15/61
6/23/60
4/18/62
100.06
108.12
100.26
102.04
101.06
5/15/61
4/6/46
12/24/62
5/12/61
12/26/62
97.10
84.22
97.18
98.11
99.07
12/12/61
9/15/59
8/8/61
6/9/60
7/17/63
12/1/42
8/15/62
4/15/43
10/1/57
9/15/43
108.03
102.08
107.25
110.14
107.24
4/6/46
12/24/62
4/6/46
4/21/58
4/6/46
82.08
99.31
81.10
94.04
81.04
1/6/60
7/31/62
1/6/60
12/30/59
1/6/60
2/1/44
6/20/63
3/1/62
5/15/62
107.23
100.12
107.22
101.27
100.28
4/6/46
7/29/63
4/6/46
12/26/62
12/26/62
80.10
99.31
79.28
99.04
98.22
1/6/6U
7/8/63
1/6/60
2/20/62
7/31/62
11/15/62
6/1/45
9/15/62
10/20/41
11/15/45
101.20
106.16
101 20
109.18
106.16
12/26/62
4/6/46
12/26/62
4/6/46
4/6/46
99.23
79.12
99.17i
78.24
79.06
3-3/8
2-1/2
3-5/8
3-7/8
3-3/4
11/15/66
6/15/62-67
11/15/67
5/15/68
8/15/68
99.02
95.24
99.06
102.02
99.12
-.10
-.12
-.13
-.09
-.11
3.68
3.69
3.83
3.86
3.89
1,815
1,844
2,631
2,538
2,543
2-1/2
12/15/63-68
2/15/69
6/15/64-69
10/1/69
12/15/64-69
93.22
100.15
92.22
100 16
92.02
-.10
-.05
-.11
-.04
-.11
3.81
3.91
3.91
3.91
3.92
2-1/2
4
3-7/8
3/15/65-70
8/15/70
3/15/66-71
8/15/71
11/15/71
91.21
lUO.ll
90.25
100.09
99.05
-.11
+.01
-.13
-.02
3.94
3.94
3.91
3.96
4.00
+ .07
-.01
+ .08
.00
+ .01
4
2-1/2
4
2-1/2
2-1/2
2/15/72
6/15/67-72
8/15/72
9/15/67-72
12/15/67-72
100.05
89.08
100.04
89.01
89.01
+.03
-.10
+ .02
-.02
-.01
3.98
3.95
3.98
3.94
3.91
-.01
+ .06
3-7/8
11/15/74
2/15/80
11/15/80
6/15/78-83
5/15/85
5/15/75-85
2/
2/
98.26
99.23
93.26
+ .02
+ .03
+ .04
7/
7/
7/
89.21
89.18
102.08
-.05
-.04
-.02
4.01
4.02
4.00
4.01
3.97
4.01
-.01
-.01
+ .01
+ .01
+ .01
12/2/57
1/23/59
10/3/60
5/1/53
6/3/58
4/5/60
110.24
103.18
97.24
111.28
101.04
105.28
4/22/58
5/12/61
5/12/61
8/4/54
6/11/58
5/5/61
92.08
93.08
91.08
82.06
82.04
98.10
1/6/60
1/6/60
2/20/62
1/6/60
1/6/60
5/19/60
7/
7/
7/
7/
91.18
102.20
99.22
100.20
87.18
90.18
+ .06
+ .10
+ .10
+ .07
+ .04
4.02
4.08
4.02
4.09
3.67
4.00
-.01
-.02
-.02
-.01
-.01
-.01
2/14/58
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
106.26
104.10
100.11
100.20
101.12
95.14
4/21/58
12/26/62
1/16/63
7/31/63
6/8/55
5/12/61
84.08
100.28
98.18
100.02
79.08
87.10
1/6/60
7/31/62
4/17/63
7/11/63
1/6/60
2/20/62
2,344
1,314
2,579
1,952
2,771
2,244
2,611
1,915
1,590
1,130
470
4,912
365
250
300
2,553
4,455
4^
2-1/2%
Price range since first traded /^
Issue
date
1,851
1,461
3,604
2,460
3,747
2,420
1,906
1,408
2,806
2,760
1/
2/
2/
Description
4
2-/12
4
2-1/2
2-1/2
4
4
3-1/2
3-1/4
3-1/4
4-1/4
3-1/2
4-1/4
4
4-1/8
3
3-1/2
2/15/90
8/15/87-92
2/15/88-93
5/15/89-94
2/15/95
11/15/98
.
7/
2/
7/
+ .01
+ .03
Not quoted on July 31,1963.
Amount issued on August 1, 1963 , was $1,301 million.
Amount issued on August 1, 1963 , was $800 million.
Beginning April 1953, prices are closing bid quotations in the overthe-counter market.
Prices for prior dates are the mean of closing
bid and ask quotations, except that before October 1,1939, they are
closing prices on the New York Stock Exchange. "When issued" prices
are Included in the history beginning October 1, 1939.
Dates of highs
and lows in case of recurrence are the latest dates.
+ .11
+.13
+.10
+ .06
+.08
+.08
+ .03
+ .09
+.02
+.08
-.01
+.02
+ .02
.00
i/
6/
7/
12/1/U
.
7/8/63
1/6/60
9/7/62
1/6/60
1/6/60
On August 15, 1963, $6,399 million of 3-3/4% - 11/15/64 notes were
issued. Forfurther information on this offering see page A-1.
On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
Included in the average yield of long-term taxable Treasury bonds as
shown under "Average Yields of Long-Term Bonds."
Treasury Bulletin
80
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1963
o
1-
ro
91
h
3
CO
\^^
to
o§
LlIo
(/5-g
cn
o>
(/)
S
a:
o
<o
I--0
LlI
_l
<
<
o
UJ
<u
<«
o
August 196 J
81
.AVERAGE YIELDS OF L0KG-TEH4 BONDS,
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Period
Treasury
bonds 1/
2.46
2.47
2.48
2.37
2.19
2.25
2.44
19^2,
1943
1944
1945
1946,
1947
1948
Moody' s Aaa
Moody' s Aaa
Treasury
corporate
corporate
bonds
1/
bonds
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.82
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.66
2.62
2.86
2.96
3.20
2.90
3.06
Trea sury
bonds 1/
1956.
1957.
1958.
1959.
1960.
1961.
1962.
Moody' s Aaa
corporate
bonds
3.08
3.47
3.43
4.08
4.02
3.90
3.95
3.36
3.89
3.79
4.38
4.41
4.35
4.32
Monthly series - averages of daily series
Period
Trea sury
bonds 1/
Trea sury
bonds 1/
Treasury
bonds 1/
Moody' s
Aaa
corporate
bonds
Treasury
bonds 1/
1957
Moody'
Aaa
corporate
bonds
Treasxiry
bonds 1/
1961
1959
January.
February,
March....
April....
Moody'
Aaa
corporate
bonds
June
3.89
3.81
3.78
3.80
3.73
3.88
4,32
4.27
4.22
4.25
4.27
4.33
July
August . .
September
October.
November.
December.
3.90
4,00
4.02
3.98
3,98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
January,
February.
March,. ,,
April....
4.08
4.09
4.01
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
May
Treasury
bonds 1/
Moody'
Aaa
corporate
bonds
196
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.21
4.19
4.19
4.21
4.22
4.23
4.01
4.26
1962
May
June
July
Axigust ...
September
October.
November.
December.
Moody s Aaa
corporate
bonds
'
Treasury
bonds 1/
Treasury
bonds 1/
s Aaa
corporate
bonds
Moody'
Period
Treasury
bonds 1/
Moody s Aaa
corporate
bonds
'
Treasury Bulletin
82
AVERAGE YIELDS OF LONG-TERM BONDS
c
s:
<b
13
C
i3
Ml
3
.Ol
I
O
<o
o
I
i
s
£
Auqust 196 J
83
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money
End of fiscal
year or month
Total
money in
circulation 1/
30,229
30,715
31,082
31,172
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
United
States
notes
2/
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
31,9U
28,372
28,767
29,040
29,071
29,699
33
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
32,065
32,405
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
100
92
85
78
56
54
53
37
1961-Deceiiiber.
33,918
31,336
30
2,120
314
28,731
89
54
1962- July
August....
September.
33,869
33,932
33,893
31,197
31,245
31,192
29
20
20
1,980
1,945
1,943
317
318
316
28,734
28,842
28,792
84
83
82
53
38
38
October. ..
November.
December.
34,109
34,782
35,338
31,382
32,026
32,557
20
20
20
1,947
1,957
2,001
318
318
315
28,976
29,612
30,102
82
81
81
38
38
38
34,093
34,286
34,513
31,334
31,513
31,718
20
20
20
1,859
1,848
1,842
303
310
29,033
29,218
80
80
37
37
313
29,426
79
37
34,645
35,067
35,470 1/
31,818
32,216
32,592
20
20
1,844
1,854
1,847 5/
314
320
29,523
29,906
319
30,292 6/
79
78
78
37
37
37
1955
1956
1957
1958
1959
,
,
1960
1961
1962
1963
,
1963-January. .
February.
March
April
May
June
34
20 Jj
Coin
End of fiscal
year or month
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
67
64
62
163
147
133
120
110
59
57
Money in
circulation
per capita
(In dollars)
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
182.90
182.64
181.52
179.08
180.20
1960
1961
1962
1963
2,338
2,462
2,652
2,878
305
329
360
411
1,484
1,548
1,663
1,790
549
585
629
676
177.47
176.45
180.98
187.40
1961-December.
2,582
346
1,622
614
183.06
1962- July
August . .
September
2,671
2,687
2,701
363
367
370
1,673
1,680
1,689
635
639
642
181
181
180
October.
November.
December.
2,727
2,756
2,781
373
378
385
1,707
1,726
1,739
647
1963-January.
February.
2,759
2,773
2,795
387
391
1,716
1,724
656
658
395
1,739
662
1,759
1,774
1,790
668
672
676
Mai-ch. ..
April
May
2,827
2,850
June
2,878
400
405
411
652
658
7/
.
)
,.
,.
,
Treasury Bulletin
84
MONETARY STATISTICS
.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Silver
($1.29+ per
fine ounce)
Gold
End of fiscal
year or month
($35 per
fine ounce)
15,733.3
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
15.3
15.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
16,389.0
4,308.6
20.3
16,U7.4
4,317.2
4,316.8
21,677.6
21,799.1
22,622.9
21,356.2
1955
1956
1957
1958
1959
1960
1961
1962
1963
19,70^4.6
,
16,«5.2
,
.1961-Deoember,
.1962- July
August...,
September,
,
October. .
November.
December.
1963-January. .,
February.
Uarch. ...
April,
,
1/
19,322.2
17,550.2
,
..
May
Jxine
Source:
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Ratio of silver to
gold and silver in
monetary stocks
{ in percent
16,097.6
16,067.4
.4,317.2
21.1
21.2
21.2
15,977.9
15,976.9
15,978.1
4,317.2
4,317.0
4,318.2
21,
21.
21,
15,928.0
15,877.9
15,877.5
4,318.2
4,318.5
4,318.4
21,
21.
15,876.9
4,317.9
21.4
15,797.4
15,733.3
4,316.4
4,315.2
21.5
21.5
For detail of
1/
21.4
See Table 3, footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc.
2/
Balance of gold in
Treasurer's account
21,690,4
21,949,5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978,1
21,199.1
21,458,3
22,272,9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
491.2
491.2
508.1
396.1
105.4
101.0
117.8
126.0
1962- July
August . . .
September.
16,147,4
16,097.6
16,067.4
16,027.3
15,972.9
15,952.2
120.2
124.7
115.1
October. .
November.
December..
15,977.9
15,976.9
15,978.1
15,847.6
15,861.6
15,852.1
130.4
115.3
126.0
15,928.0
15,877.9
15,877.5
15,816.2
15,750.8
15,762.5
111.7
127.1
115.1
1955
1956
1957
1958
1959
1960
1961
1962
,
1963-January, .
February.
March. ..
April...,
15,876.9
15,750.6
126.3
May
15,797.4
15,733.3
15,680.4
15,613.3
116.9
120,1
June
Circulation Statement of United States Money,
Source:
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund,
See "International Financial Statistics," Table 1,
2/ Comprises (l) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a ) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
of tl56.0 million against United States notes and through June 30,
1961, 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 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
August 19 6 J
85
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates 1/
Silver
bullion
2/
Silver
dollars
Subsidiary
coin 2/
15.7
2.3
8.2
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
2,1%.'!
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
1962-July
August . . . .
September.
2,180.5
2,167.6
2,156.0
113.7
110.5
107.1
October. .
November.
December..
2,U5.6
Silver outside
Treasury
In Treasurer's account
Silver
bullion
^
Silver
dollars l/
Subsidiary
coin
^
Total
silver
at 11.29+
per fine
ounce
29.7
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
3,930.1
4,064.1
4,185.4
4,362
4,382
4,375
4,308
4,318
5.4
6.2
7.5
30.9
30.8
31.6
373.5
376.6
380.0
1,707.3
1,720.0
1,730.7
4,317.2
4,316.8
4,317.2
103.5
100.1
94.0
4.9
3.7
32.
34.
29.
383.6
387.0
392.5
1,743.5
1,749.4
1,756.0
4,317.2
4,317.0
4,318.2
89.7
88.1
81.6
8.1
8.0
5.4
30.
29,
31.
396.8
398.2
404.8
1,764.0
1,778.2
1,781.6
4,318.2
4,318.5
4,318.4
77.6
6.8
10.3
27.8
28.2
26.8
408.5
416.4
420.3
1,794.8
1,808.8
1,821.0
4,317.9
4,316.4
4,315.2
17, 9
63.
92,
148,
127,
88,
24,
H.9
3.2
2.6
3.6
3.4
3
3
4
2
2
f
I
Ij
I
'
1963-January.
February.
March. . .
April.
May...
Jiine.
2,126.2
2,1M.6
2,112.0
2,101.6
2,083.5
2,078.4
69.7
65.8
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1,29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Source:
1/
2/
2,139.1
2,139.1
3.4
3.9
2/
^
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
.
.
,
86
Treasury Bulletin
MONETARY STATISTICS
,
Table 5.- Seigniorage
{Cumulative from January
1,
1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
Seigniorage
on coins
silver and
minor) 2/
(
,
,
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
,
,
,
1963- January.
B'ebruary
March.
.
April .
May
June p
Proclamation
(Proc. of
Aug. 9, 1934)
1933
of Dec. 21,
981.6
1,038.5
1,101.7
1,146.9
34.5
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
37.6
37.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
1,150.1
1,152.7
1,156.9
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
48.7
48.7
48.7
833.7
833.7
833.7
48.7
833.7
91
122
182
245
299
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
.
.
July p.
.
1,170.0
,
Total
Nationalized
silver
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
1,160.6
1,163.4
1,167.7
.
Silver Purchase Act
of June 19,
193i
43.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
18.
46.
63.
P'jtential
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June li, 193i)
Source: Bureau of Accounts.
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
seigniorage
on silver
revalued 2/
seigniorage on
silver bullion
at cost in
1
Treasurer's
i
account 2/
66
74
84
93
104
114
125
134
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
1,172.5
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.4
17.4
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
17.4
17.3
17.3
34.7
87.6
167.9
1,172.5
17.3
2/
p
Acts of
July 6,1939
and July 31, 19i6
4.2
25.7
48.3
63.6
65.3
65
65
with that for July 1959, is included under coins; the breakdown
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.
August 19 6 y
87
,
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock
Total gold stock
and foreign currency
holdings
End of calendar
year or month
Trea sury
Total
Foreign
currency
holdings
2/
1953.
1954.
1955.
1956.
1957.
22,091
21,733
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958.
1959.
1960.
1961.
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
16,678
16,562
16,531
16,U7
August ....
September.
16,098
16,067
16,182
16,139
16,081
496
423
450
October.
November,
December,
16,364
16,216
16,156
15,978
15,977
15,978
16,026
16,014
16,057
338
202
99
1963- January,,
February,
16,102
16,023
16,078
15,928
15,878
15 ,878
15,974
15,891
15,946
128
132
132
16,046
16,009
15,956
15,877
15,797
15,733
15,914
15,854
15,830
15,677
132
155
126
87
1962..
1
1/
1962- July
March....
April..
May
June
.
.
July p.
15,633
15,764
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on July 31,
1963, these two amounts totaled $1,051.1 million.
Under appropriate
circumstances the United States could draw an additional amount eqiial
to the United States quota,
e:
1/
2/
2/
p
2/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of July 31, 1963, "this
amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary,
Table 2.- U.S. Treasury Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in foreign currencies
Total
Belgl
Germany
Payable in dollars
Italy
Switzerland
Canada
1
j!
Italy
(In millions of dollars)
(Dollar equivalent, in millions)
1962,
251
200
51
1962-Cctober..
November.
December.
48
201
251
25
23
150
200
51
1963- January..
381
481
481
200
200
200
200
81
81
81
183
183
183
125
125
125
58
58
58
183
183
183
125
125
125
58
58
58
125
58
February
March.
.
.
51
April.
May...
June.
551
605
605
25
25
25
30
30
200
200
200
200
200
200
126
150
150
July p.
655
25
30
225
200
175
Note:
For complete information on U, S, Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 7 and 8.
25
"
Tr
reasuTy
68
Bulletin^
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
States and foreign covmtrles have been collected since 1935i
pursuant to Executive Order 6560 of January 15, 193'+. Executive Order IOO33 of February S, 1949. and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries Is reported monthly, and Is
published monthly In the "Treasury Bulletin."
Information Is published less frequently.
bankers, securities brokers
ajid
Supplementary
Reports by banks,
dealers, and nonflnanclal
business concerns In the United States are made Initially to
the Federal Reserve Banks, which forward consolidated figures
to the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
countries. The data reported to and published by the Treasury
Department exclude entirely the Intercompany capital trans-
actions of business enterprises In the United States with]
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports.
Certain capital transactions not effected through reporting Institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
The reporting forms and Instructions used In the collec-
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of May 31
,
Consolidated data on all
types of capital transactions are published by the Department
of Commerce In Its regular reports on the United States
balance of payments.
I963.I/ A detailed description
of the content of the statistics,
Including the changes
The liabilities data exclude nonnegotlable, noninterest-
Instituted, appeared In the July 1963 Issue of the "Treasury
As a result of changes in presenta-
bearing special notes of the United States held by the Inter-
Bulletin," pages 79-81.
American Development Bank and the International Development
tion Introduced In that Issue, not all breakdowns previously
Association.
published will be exactly comparable to those now presented.
The term "foreigner" as used In the Treasury reports
covers all Institutions and Individuals domiciled outside
the United States,
The securities transactions data exclude nonmarketable
U.S. Treasury notes, foreign series, and nonmarketable U.S.
Basic definitions
Including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
Treasury bonds, foreign currency series (see "International
Financial Statistics" section, Table 2).
Presentation of statistics
States banks and business concerns; the central governments,
Data collected monthly on the Treasury Foreign Exchange
Forms are published in the "Treasury Bulletin" in three
central banks, and other official institutions of foreign
countries, wherever located; and International and regional
by period; Section II presents data by country and by period;
organizations, wherever located.
sections.
Section
I
provides a summary of the principal data
and Section III shows detailed breakdowns of the latest avail-
able preliminary data.
In general,
data are reported opposite the foreign
country or geographical area in which the foreigner Is domiciled.
Pata pertaining to branches or agencies of foreign
Section IV presents supplementary data in five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
official institutions are reported opposite the country to
which the official institution belongs.
Data pertaining to
concerns. Is published quarterly In the February, May, August,
international and regional organizations are reported opposite
reserves and dollar holdings of foreign countries and inter-
and November issues of the Bulletin.
Table
2,
estimated gold
the classification "International," "European regional," or
national institutions,
"Latin American regional," as appropriate, except for the
Bank for International Settlements and the European Fund,
June, September, and December Issues.
which are Included In the classification "Other Western
Europe.
In the March and September Issues.
Table h, short-term
banking liabilities to foreigners in countries and areas not
regularly reported separately, heretofore has been presented
"Short-term" refers to obligations payable on demand
or having an orlglneil maturity of one year or less, without
deduction of any offsets.
"Long-term" refers to obligations
annually In the March issue, but beginning with the August
1963 Issue Is published twice a year, covering data as of
April 30 and December 3I. Table 5, purchases and sales of
long-term securities by foreigners during the preceding
having an original maturity of more than one year,
cludes securities having no contractual maturity.
i/
and in-
^
is
published quarterly In the March,
Table
3.
foreign credit
and debit bsdanoes in brokerage accounts, appears semiannually
calendar year, appears annually In the April issue.
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of International Affairs,
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
August 196J
89
.CAPITAL MOVBffiNTS,
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions in Long-Term Securities with Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
Net
movement
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
-767,6
261,8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
521.9
945.0
416.4
-940.5
-903.6
3,338. 5r
479,8
-388. 3r
1962
350. 2r
ig-te
1%7
1963 Jan. -June p
July
August
September,
October. .
November,
December,
.
.
,
1963- January,
, ,
February,
March
April
May p
June p
-199.0
298.9
1962- June
,
Total
Short-term
banking
funds
-752,1
550,3
405.7
-25.1
1,971.5
73.3
1,560,0
1,090.5
1,420.3
1,367,4
1,493,2
369,6
989,8
4,353.2
2,268.0
1,909.2
-418,4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
1,824. 5r
2,490.6r
1,327.4
801.4
Changes in claims on foreigners
Transactions in:
Long-term
banking
funds
0.5
3.2
-3.6
-0.3
0,3
2
1
4
8
1
5
8,7
-3,3
-0,8
6.7
-5.2
2.1
30.
U.S. Gov'
bonds
and
notes 2/
-269.7
61.5
-47.9
96.4
942.1
-683,0
302,3
-82,0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
Short-term
Other
domestic
securities
banJiing
funds
Long-term
banking
funds
Transactions
in foreign
securities
34.9
-86.8
265.1
39.0
-94.8
27.8
-145,4
-377.0
-217.9
-72.2
-300,4
-30,4
-511,1
-722,1
-1,362,5
-749,7
-644.7
-830,4
2/
-64.5
-150.6
-144.
-21.
2.
98.
12.
70.
141.
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334,8
187,6
-898,4
-422,4
-1,076,8
-1,310,1
-1,893.4
-l,014.7r
-1,788.2
-2,297.5r
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253,7
-342.6
-82.0
-990.2
-1,131.7
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183. Or
-153.3
-335. 4r
3
.
.
Treasury Bulletin
90
.
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar
year or month
1945
1946
1947
1948
1949
1950
1951
1952
1953
,
1954
1955
1956
,
1957
1958
1959
1960
1961
1961
,
,
,
,
V
Total
shortterm
liabilities
Foreign countries
Official
institutions
Foreign
banks
Payable
Other
foreigners
International
and
regional
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,831.1
1,452.1
1,517.3
1,544.0
3,158.1
4,011.8
3,751.7
59.4
77.2
113.1
150.4 6/
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 i/
7,916.6 i/
8,664.9
9,154.3
10,212.3
10,893.2
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9
3,413.0
3,460.5
4,601.1
4,704.8
5,299.5
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
22,532.6
10,893.3
5,380.4
2,356.9
3,751.7
2^
2^
in
foreign
currencies
Total
longterm
liabilities
Payable in dollars
Total
shortterm
claims
Payable
in
Loans to:
Official
institutions
Foreign
banks
Other
foreigners
Other
claims
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
147.3
197.7
217.2
479.6
585.6
175.6
140.7
227.5
137.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
350.9
290.3
328.5
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.3
1,121.6
1,076.7
1,098.2
1,837.8
2,514.6
100.3
319.6
292.9
361.2
Total
longterm
claims
7.5
2.2
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548
1,945
2,199
2,542
2,624
3,614.2
4,745.8
150.4 6/
2.2
4,803.8
328.5
709.2
622.4
2,557.4
586.3
2,033.8
25
.9
1.4
4.6
1.0
40,
49,
70,
51
.7
44,
1.0
72.2
61.4
1.2
2.3
1.3
43.7
43.2
40.3
48.8
59.0
2.7
2.8
1.2
9.9
1.6
.8
2/
73.4
36.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
222.7
151.1
i/
I
U9.6
1962
25,023.3r 11,910.3
5, 251.
Or
2,57l.lr
5,147.5
143.4 6/
4.3
5,113.0:
358.9
952.6
651.1
2,600. 3r
550. Ir
?,151.n
1962- June
July
August.
September
October.
November.
December.
24,072.4
23,622.8
24,158.1
24,524.0
25,211.3
25,196.0
25,023.3r
11,130.3
10,639.8
10,881.3
11,431.7
11,805.8
11,898.2
11,910.3
5,578.8
5,415.2
5,475.7
5,364.9
5,597.8
5,432.1
5, 251. Or
2,675.8
2,552.6
2,540.1
2,530.9
2,520.3
2,558.1
2,571.1r
4,510.7
4,835.5
5,014.8
4,942.7
5,005.3
5,095.5
5,147.5
176.8
179.7
246.1
253.9
282.1
212.1
143.4 6/
.9
503.6
476.3
455.5
474.8
427.7
370.9
358.9
834.4
827.7
818.3
801.6
815.7
823.6
952.6
544.9
560.4
1.2
4.3
4,880.0
4,877.3
4,833.4
4,810.9
4,955.4
4,865.7
5,113.0
593.1
632.3
644.4
651.1
2,516.0
2,522.9
2,491.2
2,448.5
2,451.5
2,454.9
2,600.3r
481.1
490.1
463.1
492.8
628.3
571.8
550. Ir
2,189.5
2,209.0
2,199.8
2,184.2
2,131.2
2,144.2
2,151.0
1963- January.
February.
March. .
April. .
May p
June p.
24,955.4r 11,515.7
24,995.1r 11,434.6
25,156.6] 11,719.3
25,338.4 11,860.0
25,410.5 12,030.8
25,824.6 12,323.2
5,606.8r
5,691.5r
5,634.8r
5,563.8
5,622.9
5,715.2
2,568.9r
2,660.3r
2,676.8
2,767.9
2,762.5
2,817.5
5,099.8
5,058.6
4,982.4
5,030.5
4,865.8
4,842.1
164.2
150.1
143.2 6/
116.1
128.5
126.6 6/
4.3
4.3
5.6
11.3
28.0
35.1
4,900.8r
5,016.7r
5,063.7r
5,256.9
5,291.3
5,469.3
322.4
293.0
254.6
236.1
173.7
142.8
844.9
853.4
S50.4
824.2
789.8
877.6
658.1
671.7
680.2
695.1
682.5
691.3
2,559.7r
2,660.7r
2,712.3r
2,917.9
3,063.8
3,079.3
515.7
538. Or
566.3
583.6
581.5
2,139.5
2,112.3
2,123.9
2,176.4
2,346.4
2,372.3
.
.
.
.
1/
i/
.
For exclusions see headnote beginning on page ^%.
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
^
p
.9
5.5
5.4
.3
605.
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $^6.3 million; end 1962, $^7.9 million; March 1963, $^7.9
million; June 1963, $25-5 million.
Revised.
Preliminary.
r
II
August 19 6 J
91
.CAPITAL MDVMENTS,
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(
i/
In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Corporate and other
U.S. Government bonds and notes 2/
Bonds j/
Net
purchases
Net purchases
Calendar year or month
of
Foreign countries
Purchases
Total
Official
Other
International
Net
purchases
Purchases
Purchases
Sales
Net
purchases
domestic
securities
-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
and
regional
b84.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-98.0
-20.0
-206. 6r
1,243.9
876.0
367.9
115.1
145.6
135.1
3.%.
-211.4
-7.5
-33.7
-67.5
62.3
127.5
-44.1
44.5
12.2
205.6
22.2
4U.
1946
1947
1948
1949
1950
1951
1952
1953
1454
344.
282
430,
1,236,
673
533
646,
800
W55
1,341
883
1956
1957
1958
1959
I960
1961
1962
666,
1,223,
1,216,
1,729
1,743
1,779,
1963- January- June p.
.
.
1962-June
July
August
September
October
November
December
76.6
251.1
167.4
135.6
119.3
346.5
334.1
110.3
318.5
105.1
1963-January
February
March
April
May p
June p
217.6
132.3
481.3
58.4
297.5
56.8
90.1
176.4
436.8
46.2
91.9
34.6
1^
3/
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
¥
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.2
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
2/
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
359.0
50.1
-99.2
-51.3
213.9
154.0
133.8
119.4
14.5
1,377.7
1,264.3
112.7
495.3
-20.6
-15.6
32.7
-13.3
-40.2
30.9
17.7
19.5
18.1
25.7
22.4
24.8
30.2
31.1
19.9
24.5
27.3
30.8
37.0
.7
26.3
-5.0
-6.4
-198.1
32.7
14.7
-74.1
-22.9
214.1
150.5
139.9
106.9
129.2
187.9
170.4
279.2
168.9
136.2
115.5
133.1
167.1
174.5
-65.1
-18.4
3.8
-8.6
-3.9
20.8
-4.1
-85.0
-5.5
-208.1
-22.5
-39.2
-55.1
46.0
21.3
-6.6
40.0
7.1
100.2
-8.0
36.5
20.5
15.3
17.7
27.8
16.0
27.7
18.1
15.1
16.7
17.4
178.0
162.8
161.5
255.5
282.0
337.9
174.6
172.2
161.3
218.6
221.7
316.4
3.4
-9.5
139.7
-51.1
44.9
50.2
276.2
35.4
-48.4
6.6
85.2
106.2
-37.5
4.5
126.7
30.9
For exclusions see headnote on page 88.
Through 194-9, Include transactions in corporate bonds.
5.1
-21.3'
-.7
68.3
-32.7
^/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
a6.i
24.4
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
-13.4
-.4
-6.4
-1.6
-8.4
-12.2
2.5
.2
1.0
10.3
-8.3
Through 1949, included with transactions in U. S. Government
r Revised.
bonds and notes.
p Preliminary.
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
*''
'j
.2
36.9
60.2
21.5
A
..
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/.
U.S.S.R
Other Eastern Europe 2/.
Total Europe.
1959
i960
in.
2.6
12.7
243.1
142.0
54.2
46.0
519.0
3,47^.7
63.1
377.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
,472.6
9,045.7
138.1
136.5
70.9
655.3
,987.3
186.3
,370.3
435.2
95.5
137.5
86.1
212.5
969.3
30.7
939.6
6.2
568.6
2,198.0
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics l/
Bermuda
Antilles and Surinam.
America
^
VV
Total Latin America.
336.8
150.7
184.5
216.8
163.8
442.4
129.2
82.2
61.5
276.9
227.2
14.3 6/
87.8
33.2
2,407.5
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldvllle)
^
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa 8/
Total Africa 8/.
Other countries:
Australia
All other 8/
Total other countries 8/.
International and regional:
International
European regional 2/
Latin American regional 4/
Total international and regional 2/ 4/
Grand total
35.8
60.0
114.3
138.6
86.5
,285.1
147.6
171.5
94.1
141.2
504.9
2,779.6
31.3
57.8
48.7
20.3
95.1
w
August 196 J
93
.CAPITAL MOVMENTS,
Table 2.
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Calendar year
1963
Country
1960
1959
Europe:
4.3
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/.,..
n.S.S.R
Other Eastern Europe 2/ 2/.
'i6.3
18.1
8.4
57.1
'4.0
4.8
J9.7
38.3
7.1
2.1
8.4
18.6
38.4
47.3
120.7
2.9
12.7
5.0
Total Europe
534.0
272.3
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 4/'
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 4/
Total Latin America
.
^
59.6
117.1
-,q.3
1:7.9
1 1
''
.
1
290.8
17.9
36.0
47.1
246.7
58.0
4.0
56.7
1,176.1
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Korea
Philippines.
Taiwan
Thailand . .
Other Asia.
Total Asia..
.
Africa:
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
10.4
5.8
.3
14.3
323.7
1
.?
23.°
9.0
14.7
180.0
585.8
3.1
2/
2L
Total Africa
8/
Other countries:
Australia
All other 7/
17.
21.3
Total other countries 8/.
International and regional .
lIGrand
total
2,624.0
2.3
65.1
13.2
9.2
32.0
81.8
6.2
34.1
33.3
17.0
3.9
7.6
27.9
59.5
48.8
245.3
11.1
10.9
7
1961
1962
January
February
Marc):
April
May p
June p
94
August 196J
.
C
.
96
,
CAPITAL MOVMENTS.
Section II - Summary by Countries
Bonds,
Table 5.- Net Transactions In Long-Term Domestic
Foreigners
Other Than U. S. Government Bonds and Notes, by
from the United State.)
indicate net s ales by foreigners or a net outflow of capital
(In th ousands of dollars; negative flfflres
1963
Calendar year
Country
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
26
-1,380
-71
American Republics i/.
Bermuda
Antilles and Surinam.
America 1/ 2/
Total Latin America
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
.
-6,818
-2,703
3,226
-176
269
211
11,345
-4
7,616
-4,366
60,045
-19,846
10,674
-39,058
-89,628
-76,249
173
117
173
333
1,182
-34
-924
-111
642
764
-237
-86
386
-214
240
-120
-54
544
-6V8
-1,265
-16
132
917
56
49
1,751
1,292
58
395
1,394
755
793
54
-397
-887
2/
2/
2/
y
Total international and regional.
2/
-542
912
5,115
17,609
-130
796
-26
-141
-115
-56
57
671
6
-10
-12
-29
33
266
-6
-28
4
98
56
317
52
8
352
48
37
-37
18
95
3
87
65
736
470
-1
International and regional:
International
European regional
Latin American regional
69
-2,705
-2
1,589
-35
289
208
2,475
794
Other countries:
Australia
All other i/
-1
10,349
417
-5
61
Total Africa
65
108
2,902
135
3
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total other countries
-3
-428
-2,616
-78
140
61,595
-i
12
Africa:
Congo (Leopoldville)
-451
-103
-12,368
742
90
Total Asia
Grand total
10
-3,588
58
53
6
.
-9
-439
-410
204
55,766
37
38,576
•
-246
39
25
Canada.
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
89
-231
5,489
-218
-79
-91
1,754
Total Europe
580
-1,271
-136
14
-297
-9,394
-7,915
54
278
-179
4,582
-12
-5,719
4,979
1,527
79
162
19,8bO
2,432
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
-10
2,765
-119
482
-635
-2
January-Jline
1962
1961
1960
1959
y
y
2/
52
6
-2
-4
y
y
y
1/
y
46
-1,134
-903
-1,087
-792
18,529
11,548
18,529
11,548
72,578
50,
59
-99 227
,
766
January
February
March
August 196J
97
.CAPITAL MOVEMENTS,
Section II - Summary by Countries
Table 6.- Net Transactions in Domestic Stocks 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
1963
Country
1959
I960
1961
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe 1/.
.
.
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
45
6,510
-635
-48
34,979
17,831
128
8,525
10,936
679
1,390
-477
-394
215,353
381
18,357
-2
4,306
3
-2A
3
317,840
173,497
-17,661
-6,281
3,238
1,887
-633
785
-4, 524
American Republics 2/,
Bermuda
Antilles and Surinam.
America 2/ 2/
Total Latin America
195
2,245
790
-116
37,881
19,716
-259
29,219
-4,260
-399
10,820
376
121
115,048
108
-40,920
-13
2,939
1,750
7,573
774
8,894
6,893
700
2/
9,056
-1,676
34,717
-6a
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,94^4
3,561
1,086
2/
11,962
-124
18,064
Asia;
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
172
8,317
63
-364
5,121
87
-40
105
504
9
181
-1,285
100
4,202
23,960
12,352
150
-372
330
23
524
.
55
Total Asia.
Africa;
Congo
( Leopoldvill e
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
i
11
18,419
46
709
-191
y
V
Other countries;
-391
590
Australia
All other 4/
Total other countries
^.
International and regional
International
European regional
Latin American regional.
Total international and
regional
Grand total.
58
V
186
48
479
3,586
3,586
362,921
1962
January-June
January
February
March
April
May p
June p
,
.
,
Ireasury nulletinl
98
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 7.- Net Transactions in Long-Term Foreign Bonds 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
1963
Country
Total Europe.
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics _2/.
Bahamas and Bermuda
Netherlands Antilles and burinam.
Other Latin America 2/
U
Total Latin America
-135
7,030
-13,977
5,021
-51,931
67,936
-iSi
-32,556
50,258
1,909
614
-103
-10,679
57,703
1962
1961
1960
1959
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l/....
U. S. S. R
Other Eastern Europe 1/ 2/.
210
15,307
492
3,305
14,531
-24,056
-8,335
-13,838
-14,349
539
-2,156
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
January-June
January
February
-2
1,984
17
-1
4,490
-54,697
-10,899
720
oa
-36
7,928
52,
9,212
23
825
610
541
1,072
March
April
1
6,055
-27,451
-11,995
-4,220
-1,803
500
500
5,587
-35,525
5,223
-131
13,122
-2,589
-1,943
-123
4,007
-1,147
-3,155
-114
6,029
-500
4,697
124,717
-42,113
-14,774
-44,018
10,676
8,467
9,359
-35,533
-390,334
-209,738
-244,218
434,047
-654,950
-207,132
-136,391
-41,248
-20
8,237
2,284
2,827
45
2,181
-2,452
-231
1,696
1,570
2,543
5,639
6,884
965
4,068
-5,244
-53,049
-30,141
-6,904
8,934
107
577
1,201
199
1,549
119
144
9
480
81
39
158
-140
151
-19
127
42
-9,112
-83
188
-42
-17
-5,522
1,972
46<:
3,371
-5,877
16,174
-931
39,485
263
-7,666
293
1,432
-6,618
441
365
5
37,659
-43,531
-19,622
1,470
-431
-602
-4,142
12,624
551
763
-273
-136
49
-2
-43
3,302
-2
1,018
-15,601
2,430
1,755
-342
24
2,572
-338
29,212
28
27,579
-11
2,111
901
362
-2
-1
1,855
2,063
-49,685
118
-841
-701
42,663
11
12
-368
3,148
-3
-766
1,584
-11,646
639
271
-1
-204
10,307
3,648
-11
4,086
1,518
408
2
5
-12,867
-8,465
167
1,574
-5,694
3,142
V
V
2,884
-12,638
-70
-1,933
-2,802
-174
4/
-1,942
-11,349
-5,559
-5,648
-112
679
-600
-6
-6,326
-12,168
713
-8,678
y
73
y
-7
-4,060
-168
260
545
-83,224
-31,018
-34,671
-15,685
-12,259
-3,000
1,059
-2,042
1,046
-63
-49,149
-94,191
-700
315
1,000
-1,518
-4,228
-759
-2
-50
-29,507
-74,077
-195
12
5
-2,854
704
-447
V
9
292
103
-12
167
-589
-60
y
Asia:
China Mainland
Hong Kong
India
Indonesia
I srael
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
15,840
159
30
-48,786
-29,170
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries;
Australia
All other
^
Total other countries b/
.
,
International and regional:
International
European regional 1/
Latin American regional ^.
Total international and
regional
Grand total
-2
1,660
-2
24
-48,161
1,507
4
1,651
-371
-969
-29,493
1,675
613
2,812
-55,350
-50,549
4
18
-453
-140
-3,830
-91,109
-39,874
-112,330
•147,484
-16
-149
3
-10,631
-878
-3,666
-24,381
-3,012
4,621
-28,028
1,449
247
-467
9
-11
-9,443
-114,296
V
y
y
6
301
5/
5/
y
9,742
-359
5,557
-11
-24,147
13 279
1,772
188
y
88
y
y
y
6/
6/
6/
6/
,
-1
6/
6/
y
y
-17,917
-5,819
-43,029
-1,814
-15,280
-19,320
-34,383
-27,320
-28,556
659
-707
119
49
-14,345
-39,313
-58,741
-48,124
-;'t.,i2
-400
149
•157,139
-147,831
648
5,678
1/
1/
-115,090
316
-34,687
1/
5/
•166,347
5,000 1/
12
-74,285
157,139
-147,831
648
235,632
-114,774
-34,687
5,678
•512,036
-562,093
-460,433
943,976
-915,154
257,712
152,733
y
May p
August
i%J
99
.CAPITAL MOVEMENTS.
Table 8.
-
Section II - Summary by Countries
Net Transactions In Foreign Stocks 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
1963
Country
1959
1960
1961
1962
-176
-6,946
-170
-19
-7,832
-31,235
-36,646
-200
-4,049
-71,852
464
-39,509
-13,747
-494
3,395
-66,074
-491
January-June
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe l/.
470
347
-41,534
-20,397
-63
-2,819
-82,641
-460
-207
-636
36
-6,319
-29
-19,933
-239
Canada
370
285
97
42 ,147
-3,034
-495
-28,590
-12
-63,387
-832
-266
-20,944
-18
4,081
186
-377
-1,292
-75,207
-246,922
-143,717
-74,117
74,254
-651
-3,159
-222
-1,246
-356
-1,684
-284
-960
-7
360
-91
-1,425
1,385
1,128
-425
172
99
,889
,312
13,8
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
I
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
1
Bahamas and Bermuda
\
Netherlands Antilles and Surinam.
]'
Other Latin America 2/ 3/
1;
']
jl
I
il
(;
I
i
!!j
-'
,674
-583
,517
,906
847
121
-23
Total Latin America
40
-587
Total Europe.
^1
-13
-922
-315
-23
,206
-72
-433
7
-390
-633
-1,674
-1,147
97
217
-249
-43
-2,485
-1,020
-334
100
-307
-548
-4,294
-1,765
-180
-16
-1,581
972
608
-13,996
910
396
-657
99
159
2/
2,060
-25,397
-4,929
-24,207
-27,355
-6,077
59
-50
-147
-13
2
-1,127
-82
-486
-47
-8
-4,319
-22,206
30
2/
y
811
-4,447
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
-557
-8
-6
-1,750
-3,566
48
-744
-6, 697
131
204
42
1
-3
1
14
137
-60
10
-718
-66
-2
-27
-515
-5,545
-753
3,251
-27,758
V
-675
V
2,978
V
-234
3
11
4
2
2
249
3
(Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
-14
2
4/
11
Total Africa...
k/
"17
)ther countries;
Australia.
All other
V
Total other countries
^
-249
265
-65
-55
-13,603
-121
-670
2,869
-13,952
556
785
643
[.nternational and regional;
International
European regional
Latin American regional
^
Total international and regional.
"irand
total
19
-6
556
785
643
-237,694
-82,624
369,954
y
January
February
March
April
May p
June p
.
.
100
Treasury Bulletin
CAPITAL MDVHffiNTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of June 30, 1963
^
(Position in thousands of dollars)
Short-terrn liabilities payable in dollars
Country
Europe:
Austria
Total
shortterm
liabilities
To foreign banks and official institutions
Deposits 2/
To all other foreigners
U.S.
U.S.
Trea sury
bills and
certificates
Trea sury
bills and
certificates
Other
Total
2,497
34,007
8,109
2,032
49,398
41,367
19,198
31,290
19,447
32,096
49,787
35,285
10,058
121,222
2,655
476,557
594
9,738
241
2 , lOL
2,399
28,373
7,586
2,030
42,638
35,920
19,188
28,300
13,380
30,964
49,395
33,072
9,315
80,927
2,539
145,021
594
8,985
241
2,077
Deposits 2/
293,239
102,379
96,725
126,672
506,721
741,501
13,238
1,371,648
11,210
158,601
2,594
18,325
230,129
136,789
50,717
47,791
318,913
310,457
73,190
261,444
93,034
59,274
93,497
113,927
144,521
339,423
13,141
1,011,198
8,508
43,935
2,503
16,500
72,515
40,394
20,400
14,200
1,261,479
2,041,649
34,500
738,268
189,956
21,561
197
5,344
21,146
631
5,696
85,267
310,958
46,812
112,437
10,249
21,544
3,228
3,217
8,200
251,665
97
64,096
2,702
54,130
91
1,628
10,731,831
9,683,979
3,368,891
5,305,950
1,009,138
947,678
542,944
62,560
342,174
172 , 742
2,934,185
1,70 ,757
1,214,614
18,
8U
230,033
170,332
34,877
24,824
341,516
171,041
128,880
182,576
14,192
596,166
111,085
120,971
91,499
503,842
328,391
115,319
103,175
72,444
202,359
90,753
39,191
89,397
1,385
376,307
19,580
43,224
30,679
219,752
197,143
74,454
46,471
22,058
162,338
85,469
38,969
88,831
1,385
188,660
17,420
42,844
25,451
219,567
120,045
69,390
31,897
12,235
37,357
216
16
2,664
5,068
206
461
136,026
78,116
88,806
90,437
12,642
213,508
76,981
76,479
56,469
282,060
129,205
27,903
37,914
38,992
47
3,oU
89
214
16
95
1,442
444
1,335
118
210
1,096
2,370
3,710
1,898
663
2,680
70
4,230
13,486
1,160
2,953
1,779
1,828
10,848
16,417
397
2,881,097
1,452,753
i,ij4,5i:ii
11,261
61,423
35,247
63,831
48,059
32,200
102,656
2,308,533
91,502
202,471
107,525
376,394
362,478
29,989
30,848
39,877
30,367
96,503
2,286,534
90,183
175,470
99,325
372,688
307,116
29,989
27,178
26,547
18,307
63,785
1,303,619
87,611
163,678
84,280
170,199
225,972
102
455
20
61
117
159
3,730,896
3,558,900
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
29,192
100,905
37,703
17,485
105,427
Total Africa
Other countries:
Australia
All other
Belgium
Denma rk
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spa in
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Tota 1 Europe
Canada
3
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahama s and
Netherlands
Other Latin
American Republics...
Bermuda
Antilles and Surinam.
America
Tota 1 Latin America
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
. .
Total Asia
Africa;
Congo (Leopoldville)
Total other countries.
International and regional:
International
European regional
Latin American regional,.
Total international and regional.
Grand total.
310,495
233,313
79,921
69,719
1,717,748
2,708,668
173,730
1,144,689
314,415
134,573
146,555
162,229
516,872
894,309
15,893
1,904,395
11,809
168,717
2,835
20,446
,
307,988
198,329
71,748
67,687
1,665,659
2,663,064
154,502
1,112,U9
9,528
354,000
15C,413
296,354
60,536
533
268
3,200
1,627
2,010
2,443
863
98
5,101
255
2
3,560
3,820
10
980
3,624
269
35,764
238
2,085
279
25,237
116
295,772
25
728
154
128
464
15,058
23
111,178
76,469
2,160
11
2
5,217
180
35,598
4,517
5,189
9,821
139,087
80,103
89,683
93,133
12,807
219,180
90,911
77,714
60,757
283,957
131,243
39,847
56,701
43,099
200,330
147,922
1,418,222
1,345,538
823
10
197,024
36,852
3,670
7,830
60
22,782
228,565
2,572
10,969
15,035
5,465
44,292
5,258
32,703
7,605
1,833
6,153
21,175
1,307
26,246
7,942
3,690
54,076
5,246
32,146
7,590
1,772
6,016
20,946
1,305
24,326
7,352
3,610
53,251
2,201,165
1,016,495
341,240
167,988
163,560
27,618
96,854
30,448
16,653
71,190
20,007
96,490
30,124
12,268
42,892
5,508
1,574
4,051
6,718
670
32,575
1,568
2,965
6,707
666
32,157
6
1,086
11
3,120
24,940
2,103
364
324
1,265
3,358
290,712
242,763
201,781
33,568
7,4L4
45,588
44,063
1,525
160,221
15,035
154,108
11,772
64,903
9,016
76,150
13,055
2,756
4,836
4,645
3,162
102
3,162
175,256
165,880
73,919
76,150
15,811
7,998
7,807
102
4,670,889
30,533
140,668
4,670,376
30,533
140,622
565,995
26,437
29,018
4,097,379
7,002
513
413
1,600
4,096
110,004
46
46
4,842,090
4,841,531
621,450
4,098,979
121,102
559
459
25,824,624
22,879,991
9,272,464^ 11,946,086
1,661,441
2,818,066
105
372
5
41,500
547
9,385
5,500
12,000
9,936
754,350
2,274,7031/
75
12
15
70
2
201
92
1,719
498
80
822
488
3,940
4
418
109,28
August 196 J
101
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of June 30, 1963
i/
(Position in thousands of dollars)
Short-term claims payable in dollars
Country
Loans to:
Total
shortterm
claims
Foreign
banks and
official
institutions
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
U.S.S.R
Other Eastern Europe.
10 396
28 ,004
10 405
50 ,591
63 ,423
256 ,218
8 ,320
57 ,125
33 ,982
31 ,294
11 ,036
U. ,359
,345
65 ,460
AS ,753
188 ,494
16 ,471
20 ,679
4
11 ,050
10,106
20,813
9,098
50,449
56,999
164,564
8,290
55,028
20,117
29,250
10,888
43,661
20,896
46,732
48,748
73,993
16,471
20,234
Total Europe
980,409
717,273
593,492
347,722
1
073
197 ,487
165 ,730
153 ,349
16 ,748
409 ,337
29 ,113
103 ,10b
94 ,948
98 ,744
104 ,939
27 ,144
139,879
145,150
159,261
153,253
16,718
403,333
29,108
103,047
94,945
97,768
104,850
27,036
America
14 069
17 ,589
14,069
17,560
Total Latin America
1,612,376
1,505,977
1 675
1,670
11,504
17,635
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam
Other Latin
2
10,934
;
American Republics
Bermuda
Antilles and
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
11 ,722
19 ,099
217
26 ,742
,868 ,916
16 ,282
66 ,380
13 ,998
40 ,289
217
73 155
26,710
1,819,686
16,282
66,310
13,955
40,289
73,047
2,138,475
2,087,305
1,386
3,205
14,256
24,785
52,864
1,386
3,205
13,633
24,407
52,368
96,496
94,999
Australia
All other
40,952
6,044
31,191
5,477
Total other countries....
46,996
36,668
International and regional:
International
European regional
Latin American regional..
1,083
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
;
Total Africa.
Other countries:
Total international and
;
regional
1,083
Grand total
5,469,327
1
Other
Collections
outstanding
for own
account and
domestic
customers
Acceptances
made for
account
of
foreigners
Short-term claims payable in foreign currencies
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commercial and
finance
paper
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of June 30, 1963
(Position in thousands of dollars)
Long-term claims payable in dollars
Country-
.
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
Total Europe
Total
long-term
liabilities
5,517
3,469
1,1?2
10,118
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
161
1
Total
long-term
claims
Total
Loans
Other
August 196J
103
.
Table 4.
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners during June 1963
i/
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Total
U.
purchases
Government
bonds and
notes
S.
Sales by foreigners
Foreign securities
Corporate atd
other
Total
Sales
Bonds
Foreign securities
Domestic securities
U.
S.
Government
bonds and
notes
Bonds
Corporate and
other
Bonds
Stocks
Bonds
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
214
5,998
1,006
50
200
98
164
2,935
37
1
11,539
8,491
177
6,981
U,555
2,681
2,317
2,033
2,203
80,712
47
190,965
387
3,920
50
2,154
659
871
1
154
70
42
1,500
113
239
662
146
40
2
20
15
194
727
3,019
182
724
502
34
8,605
5,127
177
2,891
8,835
676
2,223
1,904
577
60,876
47
177,588
387
2,475
91
13,883
4,129
3
83
2
198
4,523
49
8,640
4,075
136
12,125
7,848
202
2,643
8,460
666
1,558
1,775
130
67,426
274
144,419
166
3,140
1
563
1,352
2,104
1,685
2,593
1,385
306
1,334
3,631
22
84
32
53
23
70
814
12,002
4,621
6,198
6,273
764
145
23,099
11,531
213
4,828
15,604
10,560
1,612
1,988
3,509
85,847
361
155,638
167
3,661
1
28
65
85
3
64
57
61
419
13
24
5
59
206
536
1,187
2,929
317
1,677
190
51
5,758
1,223
5
1,466
2,036
9,743
21
40
1,782
7,367
1
4,341
193
U. S. S. R
Other Eastern Europe.
Total Europe.
Canada.
19
19_
59
334,246
2,799
6,110
275,544
29,113
120,514
40,644
5,029
25,875
16,411
28
1,551
1,323
258
163
16
342
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
1,869
1,506
786
977
127
2,115
4,484
757
2,045
2,288
1,463
2,440
5,748
20
10
338
802
27
11
19
678
592
50
1,432
3,451
603
1,618
1,638
1,250
1,543
4,007
21
66
2
172
1,525
6,843
255,547
47,702
32,555
132,501
8,799
14,835
23,189
50,453
32
12
1,524
973
475
21
1,262
920
408
463
92
1,900
3,043
302
1,429
1,439
1,079
179
9
4
180
66
9
274
165
152
228
579
101
194
1,138
2
554
60
93
175
166
37
464
1,923
20,290
1,571
15
12,000
16
18
9,703
48
93
17
2
15
432
1,613
140
147
288
340
79
27
20
47
95
339
593
Total Latin America
8
6
24
77
336,790
27,198
433
98
2,950
689
170
5,072
2
20
21
5
22
78
279
136
359
3,730
361
1,769
1,619
1,491
2,088
4,933
891
25,785
10
1
201
9
311
17
14
105
37
1,156
10
"9ir
2,018
364
7
3,024
647
241
10
95
602
93
234
17,427
4,036
l,a9
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
18
9,847
12,051
128
28
1
20
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
3
5,874
100
1,021
4,643
106
30,028
12,115
1,039
14,827
801
12
87
37
12
87
1,295
173
321
Total Africa
3
1,126
36
11,715
15,443
62
6,061
22,351
36
14,500
2,613
58,524
240
63
5,607
21,526
100
15
3_
14,518
14,
a2
5
5
31
24
330
102
118
199
93
29
32
363
330
131
453
811
624
861
492
4
65
156
44
156
154
1,904
115
7,700
7,700
9,719
8,314
713
540
55
5
50
131
25
18
2,589
195
25
18
1,246
11,394
44
12
27,432
10
jOther countries:
Australia.
All other.
Total other countries.
^{
International and regional:
International
European regional
Latin American regional
Total international and regional.
llGrand
,4/
total
695
589
25
119
175
568
389
1,284
25
294
Q57
5,507
42
1,917
597
2,069
42
5,549
1,917
520,707
For exclusions see headnote on page
56,796
16,043
597
337,
154
58,213
564,401
1,114
13
777
115
34,589
24,367
115
13
316,382
129,650
,
Treasury Bulletin
104
CAPITAL MOVEMENTS
Section IV
-
Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Repo
(Position at end of period in thousands of dollars)
August 196J
105
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnancial Concerns
(
Position at end of period in thousands of dollars)
i/-
(Con.
.
.
106
Treasury Bulletin
CAPITAL MOVEMENTS
,
Section IV - Supplementary Data by Countries
Table 4.- Short-Term Banking Liabilities to Foreigners In Countries and Areas
not Regularly Reported Separately i/
(Position at end of period in thousands of dollars)
December
Country
1958
195°
321
317
230
1,670
117
865
3,519
261
1,188
326
1,832
435
1,278
2,704
5,360
586
558
7,248
5,319
1,467
"Other Europe "
Albania
Bulgaria
Cyprus
Estonia
Gibraltar
Hungary
Iceland
Ireland, Republic of...
Latvia
Lithuania
Luxembourg
Monaco
Soviet Zone of Germany.
653
16,113
5,906
1,428
"Other Latin America"
Bahamas
Bermuda
Bolivia 2/
British West Indies
Costa Rica
Dominican Republic 3/
Ecuador
French West Indies and French Guiana.
Guatemala 2/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 3/
Trinidad and Tobago
2/
6,809
22,186
31,648 2/
24,516
39,672
17,366
538
41,551
7,651
6,323
2/
11,329
3,439
26,187
2/
"Other Asia"
Aden
Afghanistan.
Bahrain
Burma
Cambodia,
Ceylon
Goa
Iran 3/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaya
Nepal
Pakistan
Ryukyu Islands (including Okinawa).
Saudi Arabia
Singapore
Syria
Viet-Nam
1,655
4,537
930
5,893
24,918
44,135
2,482
42,713
18,027
2,772
10,274
20,918
37,903
1,241
1,242
5,579
15,227
60,151
2,539
4,698
48,822
.
.
"Other countries"
Algeria
"British East Africa" ^Z
Ethiopia ( including Eritrea)
French Somaliland
Ghana
Ouinea
Ivory Coast
Liberia
Libya
Madeira Islands
Malagasy Republic
Mauritania
Mozambique
New Caledonia
New Zealand
Nigeria
"Portuguese West Africa"
Rhodesia and Nyasaland, Federation of.
Somali Republic
Sudan
Tunisia
1/
9,972
602
537
1,774
462
966
5,076
2,728
540
574
12,574
4,14^
1,295
47,156
21,689
23,129
11,294 2/
19,804
36,884
27,338
2/
601
954
,759
18,670
1,969
391
37
515
422
945
9,292
891
923
52
616
16,763
5,590
942
246
595
506
n.a.
2,002
1,345
6,824
2,191
1,420
35,081
793
332
3,949
3,538
1,878
2,843
n.a.
303
286
822
1,623
8,360
Through 1962, data are based on reports from banks in the Second
(New York) Federal Reserve District only, and include funds held in an
account with the U, S, Treasury; April 1963 data are as reported by
banks in all Federal Reserve Districts, They represent a partial breakdown of the amounts shown for the corresponding dates for the "Other"
categories in the regular monthly series in the "Treasury Bulletin."
2/
^/
4''
n.a.
275
April
1963
323
4A1
9,918
2,033
1,667
2/
81,738
41,110
23,182
9,043
16,498
42,028
36,283
1,044
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
75,965
53,074
21 , 203
22,585
32,768
47,368
37,750
1,285
74,757
11,937
23,691
5,817
42,548
6,843
48,589
4,089
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
4,403
981
10,065
14, 599
24,871
3,154
2,558
7,906
2,757
5,288
1,415
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
12,587
1,106
15,850
17,030
28,384
5,781
4,894
10,057
504
824
11,061
776
1,063
1,258
389
21,864
5,421
695
326
440
1,550
1,407
3,967
21,7/2
419
6,469
1,662
1,990
1,216
1,607
802
17,045
758
4,068
3,ai
1,268
77,478
33,499
26,173
14,042
13,284
22,835
23,595
533
933
10,869
6,919
1,359
22,439
13,772
1,839
9,588
4,963
36,211
6,286
1,157
10,593
14,241
18,403
1,863
4,155
14,589
1962
1,558
617
1,524
728
1,115
5,632
2,906
421
368
10,830
1,729
1,557
45,773
9,865
14,769
1,840
17,345
4,874
21,936
2,340
9,788
n.a.
178
1,170
657
1,638
1,242
1,029
3,148
3,240
504
318
16,111
399
2/
20,275
17,560
1961
43,937
10,673
15,032
11,928
4,561
24,270
2/
2,176
10,998
906
4,311
19,671
34,401
2,304
46,588
63,101
2,522
9,366
20,969
37,968
1,390
1,833
23,497
14,814
111,621
3,470
5,049
68,345
510
32
n.a.
,002
,405
957
,023
n.a.
,907
,411
,861
n.a.
185
237
,262
,171
269
177
466
14,280
24,366
32,569 2/
18,851
36,898
21,682
525
37,058
10,505
12,805
2/
12,510
6,653
28,025
2/
785
958
710
1960
540
1,360
17,619
5,496
724
639
21,048
2,510
9U
n.a.
945
1,343
5,165
4,740
392
520
n.a.
n.a.
1,689
8,855
10,184
n.a.
48
49,445
n.a,
1,650
38,179
n.a.
77,934
13,608
n.a.
15,868
32,672
37,123
5,336
3,403
11,621
468
2,119
20,766
n.a.
n.a.
591
1,234
13,433
10,503
622
307
n. a.
1,117
32
n.a.
4,685
26,796
656
6,774
8,805
571
2,432
10,881
n,a,
1,598
7,464
642
n,a.
Data for the Bahamas (1957-1959), Jamaica (1957-1960), and Trinidad
and Tobago (1957-1961) Included with British West Indies.
Reported by banks in all Federal Reserve Districts.
Including Kenya, Mauritius, Seychelles, Tanganyika (through 1960),
Uganda, and Zanzibar.
Not available.
August 196J
107
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHOUT PURCHASE WITH DOLLARS
Foreign currencies reported herein In United States
dollar equivalents were acquired without purchase with
dollars, for the moat part
In connection with foreign
Into Treasury custody, and the flow of future collections through Treasury accounts; and established requirements with respect to withdrawals from Treasury accounts;
assistance and agricultural trade development programs
authorized by various provisions of law. The currencies
limitations on purchases and amounts of holdings; the use
of foreign depositaries; and accounting for the currencies.
are held In the custody of the Treasury Department until
such time as they are either sold for dollars to Government agencies or transferred to Government agencies for
expenditure without charge to appropriations, as specifically authorized by law.
Prior to July
!
1,
1953»
foreign currencies acquired
by Government agencies without payment of dollars generally
Iwere available to the collecting agencies to defray operat-
Ing expenses and were not subject to the reg\ilar appropria-
,
tion processes.
The act of July 15, 1952, Sec. ll;i5 (66 Stat. 662),
jprovlded that after June 30, 1953, United States agencies
could no longer expend foreign currencies belonging to the
tUnlted States except as provided annually In appropriation
lacts. Subsequent legislation required executive
and agencies, with certain exceptions,
departments
to reimburse the
[Treasury In dollars for the foreign currencies used.
ExlO^gg dated September 23, 1953, and
No. 10900 dated January 5, I961, as amended, provided for
leoutlve Orders No.
Ithe
Issuance of regulations by the Secretary of the Treas
Jury governing the purchase, custody,
jiforelgn
-
porting and accounting.
Figures are stated In dollar equivalents, computed
for reporting purposes, to provide a common denominator
for the currencies of the many foreign covintrles Involved.
It should not be assumed that dollars.
the balances,
Accordingly, Treasury Department Circular No. 930 wae
effective December
In amounts equal to
are aotuailly available for the general use
of the United States Government,
since most of the currencies are Inconvertible and restricted as to uses by the
terms of agreements between the United States and the foreign governments.
The tables exclude the counterpart funds owned by and
held In accounts of the foreign governments. The use of
such funds Is subject to approval of the United States,
and
transactions therein are Included In reports of the Agency
for International Development. The tables also exclude
the United States purchases of foreign currencies which
are under dollar accountability and reported as dollar
transactions.
Detailed data, by account, agency, program, foreign
country, units of currency, and related dollar equivalents,
1
I953,
Department Circular No. 930 as revised October 20, I961,
added certain requirements governing foreign currency re-
transfer, or sale of
exchange by the United States.
jlBsued on October 19,
1953i
1,
1953.
these regulations provided for the transfer of department
and agency foreign currency balances as of November 30.
are published annually in the Combined Statement of Receipts, Expenditures and Balances, beginning with fiscal
195«.
Treasury Bulletin
108
FORFTflM
n
Ati£iust
196J
109
.CUMULATIVE TABLE OF CONTENTS.
September 1962 through August 1963
Issue and page number
1962
Sept.
Oct.
Reporting bases.
1963
Nov,
II
Apr.
May
July
II
II
II
II
II
II
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
Articles:
Treasury financing operations.
Summary of Federal fiscal operations
A-1
.
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1962.
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities....
Net redemption or sale of obligations of Government agencies in
the market
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 Fund
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, 1963)
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer' s account
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account...
Summary of cash 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
[
Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing publ ic debt
Average lenth and maturity distribution of marketable
I
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
[
A-1
Statutory debt limitation
Public debt operations;
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury 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
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
7
8
7
8
12
12
13
li
10
10
10
10
10
11
12
15
li
10
12
12
12
13
10
10
11
12
14
10
10
11
12
15
14
13
15
13
16
15
14
15
16
16
16
14
10
10
11
12
12
12
13
14
11
U
10
10
11
12
13
15
13
13
U
16
U
14
15
16
16
10
10
11
12
12
12
13
15
16
16
17
18
11
17
IT
18
18
19
19
13
15
17
15
20
17
16
20
17
15
18
16
18
16
21
18
17
21
18
16
19
20
17
18
19
22
23
2i
19
20
21
17
18
19
20
21
18
19
22
23
24
22
23
24
19
20
21
17
18
19
25
20
22
25
27
22
24
21
27
22
24
25
27
22
24
20
22
23
24
28
29
25
26
24
25
28
25
26
23
30
30
31
27
27
25
25
26
17
21
19
20
22
2i
20
22
25
26
23
2i
28
25
29
26
27
27
28
25
25
26
30
30
31
27
27
28
25
25
30
30
27
27
26
31
28
26
26
27
28
29
30
26
27
28
31
28
32
33
23
29
30
27
28
29
31
32
33
28
29
30
26
27
28
31
32
33
30
26
27
28
31
29
3i
31
29
34
31
30
34
31
29
32
30
35
32
30
35
32
31
35
32
30
33
35
37
31
36
38
AO
33
35
37
31
33
35
36
38
40
33
35
37
32
34
36
36
38
40
33
35
37
31
33
35
iO
33
i3
40
39
44
40
39
43
41
39
A9
46
51
45
47
4^
i6
50
53
(Continued on following page)
50
50
55
48
23
29
28
29
24
33
35
4''
51
50
43
53
57
56
54
58
',8
Treasury Bulletin
110
.CUMULATIVE TABLE OF CONTENTS.
September 1962 through August 1963
(Continued)
-
Issue and page number
1963
1962
Sept.
United States savings bonds:
Cunulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations. Series E and H combined.
Sales by States, Series E and H combined
.
.
.
.
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
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1963)
59
64
63
59
64
65
63
64
61
62
68
69
66
65
63
70
68
60
61
62
61
68
62
69
60
61
60
63
63
70
62
60
61
59
65
61
61
62
59
60
65
66
63
61
67
62
62
63
65
66
67
60
62
61
60
57
57
58
57
57
58
60
62
63
59
55
55
56
58
57
57
58
60
Aug.
59
59
56
56
57
60
60
61
63
64
55
July
May
59
59
62
62
63
65
66
67
55
56
58
57
57
58
Apr.
Jan.
Oct
60
68
74
74
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
67
69
65
67
67
69
67
69
78
73
66
68
65
67
70
72
69
71
67
69
78
80
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds.
70
71
68
74
70
71
69
70
69
73
74
72
75
70
71
81
69
70
71
81
82
72
73
73
74
75
70
71
71
72
73
76
72
73
73
74
75
72
73
83
74
83
77
72
73
73
74
75
.
.
Monetary statistics:
Money in circulation
Monetary 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, 1963)
Exchange Stabilization Fund (latest date March 31. 1963):
Balance sheet
U. S. stabilization agreements
Income and expense
71
77
77
78
79
73
74
75
82
84
84
85
71
72
72
73
70
72
75
76
76
77
74
73
78
71
71
75
73
75
74
75
75
76
77
77
74
75
75
76
77
77
84
84
85
78
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketable notes and bonds Issued to official
institutions of foreign countries
76
75
76
76
75
Capital movements between the United States and foreign countries:
Summary by periods beginning 19^6
Suimnary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities and claims on foreigners
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers. .
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
.
.
77
81
80
84
85
84
84
85
84
85
86
87
79
82
86
87
97
98
90
91
87
.
91
95
96
76
76
83
84
79
78
87
79
79
78
87
83
83
84
87
87
92
93
94
89
89
95
79
81
76
79
84
85
85
90
86
90
87
88
89
91
92
100
101
102
103
104
106
87
calendar year 1962
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts.
Transactions and balances in agency accounts...
and certain other business-type activities:
of financial condition (latest date March 31, 1963)..
expense (latest date December 31, 1962)
application of funds (latest date December 31, 1962).
75
75
76
73
National bank reports:
Earnings, expenses, and dividends for calendar years 1958-62.
Corporations
Statements
Income and
Source and
73
108
108
90
90
93
91
94
90
111
89
109
n
I
t
Treas.
HJ
10
.A2
1963
C.2
U.S. Treasury Dept,
Treasury Bulletin
@FedFRASER