Full text of Treasury Bulletin : August 1966
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ci.-3
T'EASUnY D:PAu.
-
JUN
9,
^ 197Z
TREASUHY DEPARlMENT
POSTAGE AND FEES PAID
TREASURY DEPARTMENT
Treasury Department
U.S.
FISCAL SERVICE, BUREAU OF ACCOUNTS
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D.C.
20226
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
'SviVi;;*^-^
AUGUST
1966
The Treasury Biolletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington, D.C. 204.02
Subscription per year $8.50 domestic, $11.00 foreign.
Single copy price varies.
August 1966
Table of Contents
Page
Treasury financing operations
lY
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures...
2
Trust and other transactions
10
* Consolidated cash transactions
20
Account of the Treasurer of the United States
24
Monetary statistics
27
Debt outstanding
28
Statutory debt limitation
33
Public debt operations
34-
United States savings bonds
"70
Ownership of Federal securities
"^o
Treasury survey of ownership of Federal
securities
78
Market quotations on Treasury securities
88
Average yields of long-term bonds
91
International financial statistics
93
Capital movements
97
Cumulative table of contents
122
* NEW FEATURE - As requested by users of the Bulletin,
a new table showing seasonally adjusted Federal
receipts from and payments to the public has been
added to this series (p. 23).
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
In the "Treasury BiiLletln" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
for actual receipts and expenditures In the "Budget of the
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government. Where these state-
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
ments are given as sources for Individual tables, they are
of certain interfund transactions which are Included in
cited by name only.
Their respective reporting bases are
For other data In the Bulletin, informa-
the detail of both budget receipts and budget expenditures.
described below.
tion on sources or reporting bases Is given In connection
The transactions deducted consist of Interest payments and
with the tables themselves.
The monthly statement of receipts and expenditures
was first published for February IS^^, and replaced the
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account.
At the same time, the
dally statement was changed to a statement of cash deposits
and withdrawals affecting 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 17,
195^-, with respect to these reporting changes may be found
agencies to the Treasury. This reporting change was made In
accordance with the plan stated in the President's Budget
Message of January 12, i960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
ury Bulletin were revised to the new reporting basis in the
September 196O 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,
and figures for prior fiscal years back through 19 32
19'+^,
Were revised accordingly at that time.
In the April 195!^ Issue of the Bulletin.
The monthly statement shows all receipts and ejcpendl-
tures of the Government,
minor amounts of certain other payments made by Government
Including those made from cash
accounts held outside the United States Treasury. The
Information is complied 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
The daily statement on the new basis was first issued
for February 17,
shown,
195'^-.
In the deposits and withdrawals as
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
the Treasurer's account.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
as complied from these reports la reconciled In the monthly
of checks issued and are adjusted by means of clearing ac-
statement to changes In the balance In the Treasurer's ac-
counts to the total of checks paid.
ooiint
and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Except for relatively
minor amounts, noncash interfund and other intragovernmental
transactions are excluded.
The public debt figures in the
Receipts of taxes and customs duties are reported on a
dally statement also are on a "clearance" basis, with the
reported partially
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are included, however.
collections basis.
Other receipts
aire
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt,
are re-
ported on the basis of checks Issued or cash payments made
by disbursing officers.
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be In-
volved.
Interest on the public debt Is Included on an
accrual basis beginning with figures for June 1955 and
the fiscal year 1955Prior to that. It was Included on
a due and payable basis.
The same reporting basis as that
The dally statement before February I7, 195'''. covered
not only transactions cleared through the Treasurer's account but also certain 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 status of the Treasurer's account, and similar to that In the present end-of -month daily
In the monthly statement provides the fiscal year figures
statement with respect to debt Issuance, retirement,
for the Treasury's "Combined Statement of Receipts, Expend-
amount outstanding.
itures and Balances of the United States Government" and
classified by type of account, and the budget results shown
and
Receipts and expenditures, however, were
August 1966
III
Reporting Bases
In the dally statement were used a« the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
-
(Continued)
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizations, were on the basis of checks paid.
Transactions han-
Expenditures cleared through the
dled through commercial bank accounts, consisting of market
Treasurer's account were reported on two successive
bases.
Through I9U-6 they were on the basis of checks paid
the
by
Treasurer of the United States. Beginning with 19'+7.
expenditures made through the facilities of the Treasfury
transactions In public debt and guaranteed securities, were
Note:
as reported by the agencies.
Interest on the public debt
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
Details of figures may not add to totals because of rounding.
IV
Treasury Bulletin
Treasury Financing Operations
August Refunding
On July 27 the Treasury announced an exchange offering of
offered the opportunity to exchange their holdings for the new
5-1/lS certificates of indebtedness dated August 15, 1966, due
5-1/4^ notes.
August 15, 1967, and 5-1/4^ notes dated August 15, 1966, due
exchanged are shown in the accompanying table.
(
Details relating to the securities and amounts
In millions of dollars)
Securities issued
Securities eligible
for exchange held by-
in exchange
Securities eligible
for exchange
U% notes, A-1966 maturing
Aug. 15, 1966
3% bonds, 1966 maturing
Aug. 15, 1966
Total Aug. maturities...
Amount
of
eligible
securities
outstanding
Total
Not
exchanged
A-1967
5-1/4^
notes,
A-1971
8,436
5,602
2,310
7,912
524
5,891
1,235
700
268
271
540
161
46
295
9,136
5,871
?,581
^452
684
5,937
1,530
517
517
1,135
15
1,065
586
1,668
585
775
257
865
5-1/4^
ctfs.,
Federal
Reserve
Banks and
Government
investment
accounts
commercial
banks l/
Prerefunding
4-3/4^ otfs., A-1966 maturing
Nov. 15, 1966
IS notes, E-1966 maturing
Nov. 15, 1966
3-3/8^ bonds, 1966 maturing
Nov. 15, 1966
Total prerefunding
Grand Total
1,652
2,254
1,851
5,757
14,893
1,(
5,871
May 15, 1971, to holders of notes and bonds maturing
August 15,
Holders of securities due November 15, 1966, were also
1966.
Subscribers
4,267
582
1,269
1,686
4,071
857
2,705
10,138
4,756
6,794
4,235
On the basis of preliminary reports there follows
summary of subscriptions received by investor groups.
August 1966
Treasury Financing Operations
-
(Continued)
The public held about $8.1 billion of the securities
Tenders were opened on July 26 and totaled $1,869 million,
eligible for exchange and about $6.8 billion was held by
of which $995 million (including $35 million of noncompetitive
Federal Reserve and Government Investment accounts.
tenders) were accepted at the average discount rate of 4.964
The subscription books were open from August 1 through
August 3.
Cash subscriptions were not accepted.
percent.
Coupons dated
August 15, 1966, were to be detached and cashed when due.
13-Week and 26-Week Bills
Coupons dated November 15, 1966, had to be attached and
Issues of regular weekly Treasury bills in July totaled
interest on securities maturing on that date was adjusted as
$9.2 billion, replacing an equal amount of maturing bills.
[Dollar amounts per $100 face value)
Payment by
subscribers
on account
of issue
price of
offered
securities
Securities exchanged
Accrued interest to
8/15/66, on
securities
exchanged
to be paid
Net amount
to be paid
to subscribers
to
Approximate
investment
yield from
8/15/66 to
maturity l/
Approximate reinvestment
rate for the
extension period
2/
subscribers
For the 5-l/4^ Note 5/15/71
4-3/4^ Certificate 11/15/66.
U% Note 11/15/66
3-3/8^ Bond 11/15/66
l/
2/
$0.100000
0.350000
0.550000
$1.187500
1.000000
0.843750
$1.087500
0.650000
0.293750
5.26?
5.24
5.23
5.24%
5.23
5.24
Yields to nontaxable holders (or before tax) on issues offered in exchange based on prices of eligible
issues (adjusted for payments on account of issue price).
Prices are the mean of bid and ask quotations
at noon on July 26, 1966.
Rate for nontaxable holder (or before tax).
of August 15,
1966.
The August 15, 1966, interest due on
There were four 91-day issues of $1.3 billion each and four
registered securities was paid by issue of interest checks in
182-day issues of $1.0 billion each.
regular course to holders of record on July 15, 1966, the date
new issues are shown in the following table.
the transfer books closed.
Interest on the certificates of Series A-1967 will be
payable on February 15 and August 15, 1967.
Interest on the
notes of Series A-1971 will be payable on November 15, 1966,
and thereafter on May 15 and November 15 until maturity.
Both
the certificates and notes were issued in bearer form in
denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000,
$100,000,000, and $500,000,000.
registered form.
The notes are also available in
This was a taxable exchange.
Exchanges of the U% notes of Series A-1966 and the 3%
bonds of 1966 were made at par.
Details for the November
maturities showing cash and interest adjustments, and approximate investment yields appear in the accompanying table.
One-year Bills
On July 20 tenders were invited for $1 billion, or thereabouts, of 365-day Treasury bills,
to
to be dated July 31,
1966,
refund an equal amount of one-year bills maturing on that
date.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
Average rates for the
Treasury Bulletim
VI
Treasury Financing Operations
bearer form only, and in denominations of $1,000, $5,000,
-
(Continued)
Foreign Series and Foreign Currency Series
$10,000, $50,000, $100,000, $500,000, and $1,000,000 (maturity
In July the Treasury issued four certificates of indebted-
Tenders are received at Federal Reserve banks and
ness of the foreign series in the amount of $185 million and
value)
.
two certificates of indebtedness of the foreign currency series
branches.
Banking institutions generally may submit tenders for
account of customers.
Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers in investment securities.
equivalent to $118 million.
Retirements amounted to $255
million for the foreign series securities and the equivalent of
$191 million for the foreign currency series.
The new foreign series certificates bear interest at the
Tenders from
others must be accompanied by payment of 2 percent of the face
rate of 5% per annum and will mature in three months.
amount of bills applied for, unless the tenders are accompanied
July 31, the outstanding foreign series securities totaled
by an express guaranty of payment by an incorporated bank or
$747 million.
The new foreign currency series certificates are denomi-
trust company.
Nonconpetitive tenders (without stated price), usually for
As of
nated in Swiss francs.
One, equivalent to $25 million, was
$200,000 or less from any one bidder, are accepted in full at
issued July 1, bears interest at the rate of 4.99^ per annum
the average price of accepted competitive bids for an issue.
and matures June 30,
Payment for accepted tenders must be made or conpleted on
1967.
The other, equivalent to $93
million, was issued July 26, bears interest at the rate of
the date of issue, in cash or other immediately available funds
5% per annum and matures January 26,
or in a like face amount of Treasury bills maturing on that
July foreign currency series securities outstanding totaled
date.
Payment for 13-week, 26-week, and one-year bills may not
be made by credit in Treasury tax and loan accounts.
Note:
$884.
1967.
At the end of
million and were denominated in Austrian schillings,
Belgian francs, German marks, Italian lire and Swiss francs.
Details of Treasury market financing operations are shown 'elsewhere in this issue of the Bulletin in the tables on
public debt operations.
i
—
.
s
,
August 1966
SUMMARY OF FEDERAL
FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Net
expenditures
Net
trust
and other
Surplus
or
deficit
transactions
1/
Clearing
account,
etc. 2/
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
92,642
97,684
96,507
106,917
-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
-6,266
-8,226
-3,435
-2,286
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
551
426
571
448
196
741
-978
-1,121
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
5,853
5,561
2,633
111,000
112,847
-1,847
120
-108
1,835
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
87,516
88,696
96,679
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
94,188
96,945
101,378
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
311
815
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
-6,306
-7,199
-6,672
-8,248
-4,699
101
739
-259
267
1,092
-691
23
-698
234
729
168
151
694
87
-106
-319
-209
-34
376
1964-July...
Aug....
Sept. .
Oct
Nov
Dec
3,487
6,653
10,072
3,398
7,037
8,856
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
86
-40
66
-130
366
171
-188
1965-Jan
Feb
Mar
Apr ....
5,642
7,518
11,188
8,549
7,268
13,404
7,676
7,146
8,139
8,268
8,116
9,070
-2,033
372
3,049
280
-848
4,335
64
193
146
972
-577
-617
3,807
7,350
10,999
3,295
8,106
9,553
7,240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
1,548
-5,455
-999
6,453
8,335
11,297
9,929
8,452
17,054
8,809
8,156
10,193
8,362
9,055
-2,356
5,702
1967(E3t.)..
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
June.
July
Aug
Sept
Oct
Nov
.
. .
. .
Dec...
1966- Jan
Feb
Mar
Apr ....
May
June p.
Jiily
Source:
1/
Balance in
account of
Treasurer
of United
States
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
2/
592
-7,088
-7,040
1,953
-a
483
-2U
-401
-250
-303
284
522
-523
530
-6
-145
507
-21
224
109
-237
154
204
183
493
-576
328
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
257,377
255,251
259,151
266,123
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
312,164
317,581
320,102
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
311,713
317,274
319,907
107
101
111
140
240
444
607
813
590
462
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
8,700
321,436
244
321,680
321,505
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
309,347
317,940
320,904
24
83
1,015
-134
-80
-713
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
7,375
7,295
6,582
104
109
127
156
330
518
742
809
455
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
310,089
318,750
321,359
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
309,724
318,464
321,078
-4,886
640
3,400
-4,498
2,412
-809
6,150
6,789
]0,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,486
317,940
821
848
886
821
834
8O9
312,004
314,938
316,496
316,456
319,320
318,750
317,983
319,883
317,697
316,557
319,218
317,274
664
693
719
657
606
590
318,646
320,575
318,416
317,213
319,823
317,864
318,361
320,290
318,131
316,929
319,540
317,581
316,773
318,460
316,988
319,113
321,895
321,078
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
5,952
7,301
5,877
8,594
2,964
20
29
46
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
11,036
12,610
12,407
52
81
44
74
42
54
76
34
53
103
271,3a
;
May
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
86,376
89,459
93,072
104,631
Months
Net
increase in
Treasurer'
account
balance, or
decrease (-)
(-)
(-)
Fiscal years
1950
1951
1952
1953
195A
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966p
Net
increase
in
public
debt , or
decrease
-393
-903
387
41
-595
-161
-530
2,906
1,520
377
-1,550
2,197
1,289
244
21
42
1,900
-2,186
-1,140
2,661
-1,944
1,480
1,795
5,745
7,942
9,231
9,336
10,816
12,610
-57
1,059
983
294
-792
314
-692
1,658
-1,493
2,154
2,810
-807
-4,124
-858
1,010
-2,852
974
-177
8,486
7,627
8,637
5,786
6,759
6,582
316,582
318,240
316,748
318,901
321,711
320,904
474
182
-28
156
-45
189
493
465
455
317,056
318,742
317,270
319,394
322,176
321,359
9,378
1,104
1,567
-603
7,676
66
71
88
782
-773
-174
116
-585
896
-480
-31
-720
1,099
1,308
-2,312
-1,416
2,777
-2,452
-1,076
973
-224
453
1,370
4,330
5,506
6,479
6,255
6,708
8,077
12,407
322,003
323,311
320,999
319,583
322,359
319,907
416
435
456
468
466
462
322,419
323,746
321,454
320,051
322,825
320,369
322,138
323,466
321,175
319,772
322,546
320,102
10,263
-4,561
-175
750
-627
-4,613
7,794
319,280
489
319,768
319,502
126
179
59
-268
279
-8
26
2,851
-546
Actual figures through fiscal year 1952 and calendar year 1953
are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates, including
effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966. (More details for data on this page are
shown in succeeding tables.)
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 (-).
105
3/
p
502
522
311,643
314, 577
316,135
316,096
319,034
318,464
For current month detail, see section on "Statutory Debt Limitation"
The limitations in effect during the
in each issue of the Bulletin.
periods 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; $275 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; $307 billion on May 29, 1963; $309 billion on July 1, 1963; $315
billion on December 1, 1963; $324 billion on June 29, 1964; $328
billion on July 1, 1965) and $330 billion on July 1, 1966.
Preliminary.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
Receipts by Principal Sources
1. -
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
Corporation
For old-age,
Total disability,
income and hospital
insurance
taxes
For railroad retirement
Not
withheld
Withheld
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
26,728
27,041
29,001
31,675
32,978
36,246
38,719
39,259
36,840
42,769
60,560
59,102
58,826
67,125
67,918
71,945
75,324
78,891
79,792
92,090
6,634
7,733
8,004
10,211
11,586
11,686
13,484
15,588
15,846
19,005
616
575
1966 p
21,531
20,533
18,092
22,179
21,765
21,296
22,336
24,301
26,131
30,835
636
683
1967(Est.).
35,100
16,100
46,440
97,640
23,267 2/
1957
1958
1959
I960
1961
1962
1963
1964
1965
1965-July..,
Aug
Sept..
Oct...
Nov.
Dec...
.
1966-Jan..
Feb...
Mar...
Apr.
.
May
June p
July.
727
482
4,236
625
507
4,315
682
573
7,244
2,440
751
8,252
878
.
362
164 i/
2,427
1,299
5,377
2,995
1,263
5,793
3,237
2U
141
^
AbB
2,727
1,038 1/
936
6,259
1,151 2/
2,569
1,412
5,948
3,440
1,082
6,238
4,683
351
3,374
Less:
Fiscal year
or month
1/
,
.
,
.
Refunds of receipts
Internal revenue
applicable to
Budget
accounts
y
Trust
accounts
July.
.
83,675
83,974
83,904
96,962
99,491
103,818
111,602
117,622
120,535
136,451
772
544
24,583
3,331
13,557
139,111
1,880
7,050
148,041
617
2,396
1,061
447
1,414 2/
750
11
103
57
12
2
1
52
1
232
212
193
213
185
238
1,221
1,305
1,162
983
1,155
1,220
4,471
10,040
12,132
3,790
9,291
10 281
137
93
629
2,501
1,120
461
1,508
803
159
153
164
140
462
401
348
384
766
386
5,070
10,586
12,640
4,327
10,220
10,807
336
2,559 2/
1,972
1,296
3,505 2/
2,653
12
93
62
20
107
63
75
466
7
4
423
3,117
2,040
1,320
3,615
2,719
292
207
272
491
328
224
1,007
1,038
1,133
921
1,104
1,158
6,545
11,922
15,066
12,514
13,187
19,605
136
129
168
151
158
172
456
381
467
408
401
935
7,137
12,432
15,701
13,072
13,746
20,712
1,674
215
971
7,463
158
373
7,993
525
607
571
564
572
594
1,660
2
2
2
3
2
13
Total
refunds
5^
Federal 01 dAge and Survivors Insurance Trust
Fund
U5
,
Transfers of tax receipts to
Less:
/^/
Federal
Disability
Insurance
Trust Fund
y
Federal
Hospital
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
Highway
Trust
Fund
y
Deduct:
InterNet
fund
budget
transreceipts
actions6/
1,479
2,026
2,074
2,539
2,798
2,949
3,279
3,519
3,659
3,917
467
567
355
694
654
633
513
664
870
629
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
104,631
35
7,611
18,932
1,886
2,21C
772
539
4,378
712
111,000
1
2
43
169 2/
1
333
79
3
103
57
12
2
418
334
313
92
93
1
4
574
2,226 2/
988
416
1,324 2/
698
11
3
223
225
186
206
117
105
267
315
223
31
3,807
7,350
10,999
3,295
8,106
9,553
5
107
100
9
644
2,057
1,526
1,321
536
2,182 1/
1,666
1,142
2,940 2/
2,217
8
215 1/
155
104
285 2/
216
309
320
302
286
359
361
73
16
43
6,453
8,335
11,297
9,929
8,452
17,054
1,384
138
357
40
5,702
20
18
23
18
25
29
3
3
-126
607
2,054
1,520
1,312
228
28
2
3
4
4
2
221
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
Source:
458
948
443
86
218
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,797
636
683
58
165
180
193
29
101
532
754
800
948
1,123
1,008
1,171
1,241
1,284
1,478
1,811
862
220
219
183
202
. .
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
128,843
35
32
35
45
7,130
1966-Jan
Feb
Mar
Apr
May....
June p
10,638
10,814
10,760
11,865
12,064
12,752
13,410
13,950
14,793
13,407
343
453
945
847
615
561
1967(Est.)..
.
851
622
567
1,378
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
3,089
330
336
324
341
345
607
1965 -July...
.
Total
budget
receipts
929
953
945
994
1,057
1,082
1,442
6,854
Dec
Miscellaneous
receipts
333
863
837
1966p
Nov,
Customs
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
16,474
224
278
269
297
323
354
Sept...
Total
internal
revenue
3,976
4,598
5,114
5,238
5,976
6,266
6,571
7,148
6,030
7,252
3,894
4,413
4,907
5,024
5,725
5,957
6,267
6,817
5,668
Other
Estate
and
Excise
taxes
gift
taxes
616
1957
1958
1959
I960
1961
1962
1963
1964
1965
Oct
4,822
7,559
11,620
9,781
8,140
15,504
Total
employment
taxes
7,581
8,644
8,854
11,159
12,502
12,708
15,004
17,003
17,104
20,256
^
4,603
Customs
Aug
2,388
6,022
9,658
2,133
6,442
8,020
For unemployment
insurance
575
525
571
564
572
593
73
31
90 2/
2
1
52
1
280
220
12
93
62
20
107
63
75
465
6
4
2
138
13
52
161
151
50
1
1
53
5
13
1
Beginning February, 1966 includes hospital insurance.
Includes $2,210 million for Federal Hospital Insurance Trust Fund.
Remaining footnotes on following page.
I/'
2/
..
.
.
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
2.
-
Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
1957
1958
1959
i960
,
Interest
2,7i9
3,196
3,158
628
745
601
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
438
674
506
323
328
587
436
1,012
1,111
805
743
1965
t966 p
4,082
3,206
i,436
i,077
4,622
5,797
967
942
377
765
955
1,077
824
1,731
1,076
752
496
347
1967 (Eat.)
7,050
968
1,820
1965-July..
Aug...
Sept..
Oct...
Nov...
Dec . .
i62
94
93
7
64
224
94
148
157
169
160
1966-Jan...
Feb...
ibr...
Apr.
May...
Jime p
456
-
1961
,
1962
1963
196-t
.
July.
iOI
3i8
384
766
386
381
467
408
401
935
373
860
984
1,393
247
115
371
Recoveries and
refunds
Royalties
266
322
343
lU
182
154
200
130
132
114
121
V
Fees and
other
charges
for
services,
Rents
Fines,
penalties
and forfeitures
Other 2/
312
304
350
374
330
342
370
409
49
i9
160
59
53
161
AA
54
57
111
81
100
62
101
101
94
39
437
74
109
229
408
53
55
58
133
28
86
93
325
20
23
23
16
14
6
5
8
12
11
11
13
79
48
87
26
6
7
9
26
944
503
45
69
117
649
91
110
118
128
134
204
1,058
396
1,568
123
163
20
10
26
U
5
-20
6
11
5
1
21
38
39
26
33
37
39
9
14
26
36
32
48
4
A
84
iO
A
9
8
6
1
11
5
2
-21
11
124
131
141
132
152
194
127
35
23
21
331
431
427
55
31
9
10
12
104
-11
11
11
7
9
64
AA
34
11
12
61
31
7
-10
28
62
128
93
56
32
41
236
70
60
43
71
66
94
144
47
24
21
32
14
94
30
-11
6
15
14
12
14
78
50
140
29
21
11
Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on
the monthly statement reporting basis (see page II); and from the
monthly statement of receipts and expenditures thereafter. Estimates, including effect of proposed legislation, are from the 1967
Budget document, released January 24, 1966.
Source:
Footnotes to Table
2/
387
345
325
392
343
263
263
79
90
93
96
21
10
21
Seigniorage
Fees for
permits
and
licenses
etc
120
123
109
125
124
134
85
17
17
Sale of
Sale of
Governprodment
ucts
property
Income taxes not withheld, August
Includes adjustments as follows:
-tA million, November -$6 million, February -iA million and May +$93
million; income taxes withheld, August -$202 million, November +$128
million, February +$74 million and May -$122 million; transfers to
Federal Old-Age and Survivors Insurance Trust Fund, August +$187
million, November -$107 million, February -$73 million, and May +$23
million; and transfers to Federal Disability Insurance Trust Fund,
August +$18 million, November -$15 million, February +$2 million and
May +42 million.
5
9
15
11
9
7
1
8
13
1
17
32
2
-20
1
8
12
-14
-2
U
5
11
5
1
10
12
1
9
U
7
6
5
15
5
13
U
10
10
128
1
11
1
Beginning October 1965 certain accounts representing profits from
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and contributions, and undistributed proceeds, sale of foreign cixrrency.
Preliminary.
Less than $500,000.
p
J/
2/
1
37
69
37
70
83
-
^
y
(Continued)
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
For content, see Table 4.
These transactions are included in the
detail of both budget receipts and expenditures but are deducted from
the totals (see Reporting Bases, p. II).
Less than $500,000.
Preliminary.
p
Treasury Bulletin
,
AIMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
125
100
75
50
25
$Bil.
80
76
72
68
64
60
.
..
,. .
.
..
.
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
3.
Expenditures by Agencies
-
(in millions of dollars)
Defense Department
Fiscal year
or month
Legislative
Branch
Executive
Judi- Office
ciary of the
President
62
65
74
79
56
70
29
23
23
24
26
2,295
2,645
3,092
3,403
3,685
4,215
4,909
5,498
5,740
7,652
-23
199
1,152
309
502
739
410
328
250
772
1,029
1,124
1,205
1,325
214
229
250
258
284
294
317
328
358
371
205
91
31
5,028
5,798
923
57,150
1,369
10,191
-414
1,322
18
6
2
541
2
3,601
4,131
4,300
4,252
4,210
4,789
96
6
6
521
1,112
839
647
756
603
67
8
15
23
16
315
348
272
308
352
367
121
125
131
134
129
402
787
-103
66
159
541
6
467
600
U5
138
128
113
112
104
136
6
255
559
359
443
279
368
612
73
-24
72
65
75
4,411
4,198
5,246
4,766
4,559
5,899
115
79
102
99
110
66
662
613
918
752
744
626
-93
291
166
-58
-66
28
94
6
6
82
4,661
123
909
616
1965-July
August.
September
October.
November.
December.
U
8
6
7
1966- January .
18
February
10
Ifarch.
. .
April.
.
.
12
18
June p.
.
52
57
V
2
2
2
3
8
16
7
13
7
10
50
49
76
121
57
62
334
418
-152
256
S/
92
307
486
Treasury Department
Fiscal year
or month
7,2U
57
74
69
76
1966p
7,607
7,593
9,180
8,957
9,120
9,895
10,666
11,346
12,034
1967 (Est.)...
405
12,750
August.
September
October.
November.
December
49
22
53
49
40
33
1,000
966
966
962
963
1,005
9
9
17
1966-January .
February.
March. . .
April. .
.
13
32
32
29
May
. .
24
26
1,035
976
1,035
1,013
1,025
1,088
9
6
8
6
6
10
1,091
15
1963
1964
1965
1965^uly
.
June p
July
Atomic
Energy
Commission
Interest
State
DepartOn
On
ment
public
refunds
debt 6/ of taxes
179
206
272
247
258
307
408
347
383
401
1957
1958
1959
1960
1961
1962
83
68
74
88
77
104
Federal
Aviation
Agency
840
635
5,300
5,718
275
57
55
60
65
427
482
-140
22
61
58
55
74
73
44
60
489
449
470
129
194
224
384
118
12
66
208
482
473
484
525
206
528
88
-271
83
132
100
2,300
104
106
97
106
158
102
207
210
177
186
205
185
142
441
508
638
698
726
751
795
241
225
71
66
62
64
85
70
226
71
570
425
359
408
387
445
466
593
521
64
477
456
519
51
502
48
6
569
571
512
524
287
484
357
73
494
449
37
57
940
956
224
794
937
293
159
703
319
26
25
31
28
50
72
66
57
61
71
1
-12
2
19
1
-723
24
128
26
518
567
1,016
549
831
620
257
370
674
774
480
y
525
914
797
770
578
500
805
874
405
522
755
37
28
29
43
30
39
33
63
84
70
79
67
30
29
51
lU
-168
110
93
43
78
63
74
29
87
31
101
121
31
30
68
43
64
44
135
38
70
Columbia
V
418
2'}
of
Post
Office
Department 1/
Labor
Department
104
87
District
624
607
1,407
110
113
137
National
Other
General
Veterans'
AeroindeServices
Adminisnautics
pendent
Adminisand Space tration
agencies
tration
145
401
744
1,257
2,552
4,171
5,093
5,933
804
192
908
9112/
1,990
2,268
2,17810/ 2,541
875
2,623
987
2,713
2,806
985
2,758
1,059
1,193
2,765
1,306
2,625
1,340
2,404
186
197
193
801
4,805
5,098
5,232
5,250
5,401
5,392
5,173
5,478
5,488
5,069
748
765
115
103
572
666
751
690
233
Adm.
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the 1967 Budget document released January 24, 1966.
Note:
Agency shifts are shown in this table beginning with the period
Source:
Welfare
Department
Department
639
733
807
902
971
999
1,128
1,153
1,234
1,309
1967 (Eat.)...
July
Civil
Interior Justice
Depart- Department
ment
38,439
39,062
41,233
42,824
44,677
48,205
48,252
49,760
46,173
54,363
11
56
May
Health,
Housing
Education, and Urban
and
Development
562
645
382
539
498
594
676
686
758
745
10
.
Commerce
DepartMilitary
ment
5,006
4,875
7,091
5,419
5,929
6,669
7,735
7,897
7,298
5,986
39
44
47
49
•
Agriculture
Department
4,115
4,081
4,109
1,764 2/
1,808
2,053
3,968
4,119
4,307
4,278
97
99
118
126
13i
153
147
152
165
181
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966p
Funds
appropriated
to the
President
Deduct:
InterTotal by fund
agencies transactions
8/
467
79
84
23
31
84
Net
budget
expenditures
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,507
69,433
71,936
80,697
77,233
82,169
88,419
93,155
98,348
97,377
107,546
567
355
694
654
633
513
664
870
629
106,917
113,559 11/
712
112,847 11/
7,319
9,082
9,453
8,803
9,327
9,458
8,882
8,173
10,198
8,375
9,055
9,421
10,302
79
92
1
53
223
31
73
16
5
13
1
43
40
7,240
8,990
9,452
8,750
9,105
9,426
8,809
8,156
10,193
8,362
9,055
9,378
10,263
of such shifts; figures prior to the shifts have not been adjusted.
Therefore, some expenditures do not neaessarily represent functions
which are comparable over a period of time (for a more consistent
basis, see Table 6)
Footnotes on following page.
m
ireasury Bullet.
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
4.
-
Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In rallllons of dollars)
Interest payments to the Treasury 1/
Fiscal year
or month
Total
467
1957
1958
1959
I960
1961
1962
1963
1964
1965
Total
interest
Coramod-
ity
Credit
Corp.
Housing
Exportand Urban
Import
DevelopBank of
ment
WashingDepartton
ment 2/
456
557
340
421
24
342
682
640
620
499
181
41
46
43
57
31
47
45
1966 p
567
355
694
654
633
513
664
870
629
1967 (Est.)...
712
684
322
130
1965- July
August..
September
October.
November.
December.
79
79
68
92
92
2
70
1
1
53
47
223
1966- January .
February
March. . .
April
223
31
648
852
611
465
410
330
186
199
459
302
51
34
15
14
39
90
118
146
160
152
147
138
2/
Valley
Author-
Veterans'
Administration
3/
12
31
39
12
45
24
3
7
7
15
14
20
27
11
Under
Defense
Production
Act
Other
V
10
14
19
23
32
40
47
49
36
34
Reimbursement by
Panama
Canal
Company
6/
3
10
42
4
4
35
6
8
6
7
8
16
18
9
12
11
13
154
125
22
26
56
24
30
U
35
106 2/
Charges
for
audits
of
various
agencies
12
14
15
17
17
19
9 8/
1
1
2
39
1
1
73
16
69
16
65
5
5
9
24
14
May
June p..
1
1
43
39
2
July
40
40
26
Footnotes to Table 3
5/
Admin.
see
1
11
9
9
9
9
10
11
U
V
Business
Tennes-
ity
Source: See Table 1.
1/ By Government agencies operated as revolving funds; on loans (see
"Debt Outstanding," Table 6) and other interest-bearing U. S.
investments.
2/ Consists of payments by: Office of the Secretary for college housing,
urban renewal, and public facility loans; Federal National Mortgage
Association; and Public Housing Programs.
1/ Direct loan program and reopened insurance fund.
By various agencies for programs under Defense Production Act.
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bxireau of Federal Credit Unions;
Civil Defense Program Fund; Farmers' Heme Administration; InfozToational
2//
Small
1
31
13
Panama
Canal
Company
Consists of net expenditures of the Postal Fund, reflecting the change
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal I960, payment for public
services.
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
1960, approved September 13, I960 (42 U.S.C. 1101).
Includes $258.8 million paid to the International Monetary Fund for the
additional United States gold subscription, authorized by an act approved June 2, 1965 (see "Account of the Treasurer of the United States,"
Table 4).
Net decrease is due to sale by the Commodity Credit Corporation of certificates of Interest on loans held by the corporation. Net expenditures, excluding this sale, were $340 million.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
For content. See Table 4.
These transactions are included in the detail of both budget receipts and budget expenditures, but are deducted
from the totals (see Reporting Bases, p. II).
26
11
6/
8/
1
fedia Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; St. lAurence Seaway Development Corporation
beginning 1960; Economic Opportunity Loan Fund and Upper Colorado
River storage project beginning 1965; and Farmers' Home Administration
rural housing loans beginning 1966.
For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Includes $48 million for power marketing agencies.
Includes $9 million for fees and other charges of power marketing
agencies.
Less than $500,000.
Preliminary.
(Continued)
-
2/
10/
il/
•
p
Effective January 1, 1957, the production credit coporations were
merged in the Federal intermediate credit banks, pursuant to Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027, and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds from January 1, 1957, until
January 1959 when they were classified as Government-sponsored
enterprises (see "Trust 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 $344 million in gold (see
"Account of the Treasurer of the United States," Table 4) 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 "Consolidated Cash Transactions," Table 2 and "Debt Outstanding," Table 1.
Includes an allowance for contingencies of $350 million.
Less than $500,000.
Preliminary.
.
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
5.
-
Summary
of Appropriations and Authorizations, Expenditures and Balances, by Agencies,
as of June 30, 1966 (Preliminary)!/
(In millions of dollars; negative figures are deductions in the columns in whicli they appear^
Additions, fiscal year 1966 to date
Agencies
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
National Aeronautics and Space Administration
Veterans Administration
Other independent agencies
District of Colximbia - Federal payment and loans to.
'
Total
Unexpended
balances
brought forward
July 1, 1965 2/
Increase
Appropriations
^
67
198
5
83
27
6
16,565
1,A15
5,970
7,246
1,294
33,123
399
62,285
1,393
3,517
239
1,559
568
673
3,35i
1,257
13,122
123
10,271
1,797
1,413
388
703
975
403
13,596
2,366
867
596
5,175
6,003
1,589
117
97,030
124,756
4,9U
U,190
709
6i
5U
501
U7
Deductions, fiscal year 1966 to date
Agencies
Expenditures
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department;
Military
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
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
'
Total
Deduct:
Rescissions,
cancellations,
and other
adjustments 7/
12
181
79
26
4,289
5,983
745
25
300
-12
54,327
1,309
43
7,653
772
1,325
371
500
874
407
13,478
2,404
804
607
5,933
5,069
320
71
120
5
4
Interfund transactions
190
83
27
5,895
7,751
1,310
-75
-16
15
1
62,285
1,393
10,271
1,971
1,425
388
703
975
403
13,596
2,366
867
596
5,175
6,003
1,592
118
-236
-4
410
16
-322
951
-146
173
-28
125,385
Unexpended balances June 30, 1966 (Preliminary)
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts 4/
Unfunded
contrat
authorizations
Investments
held
8/
65
58
8
7
12,010
1,395
1,450
41,189
473
-43
6,136
2,174
677
76
717
Total 2/
8
5,991
3,923
7
18,C01
1,365
225
6,682
1,679
79
41,268
483
-43
6,136
15,270
804
76
717
10
9,U8
11
3,230
116
718
595
lU
356
1,521
631
662
2,596
2,188
109
47
356
1,521
631
662
2,596
1,734
1,762
123
619
76,473
-23 2/
266
10,973
188
1,517
U,257
123
23
23
30,322
5,027
2,427
114,249
629
106,917
4/
1/
^
2/
^
522
Transfers 6/
Total
U4
3
Source:
2/
Other authorizations
595
107,546
Net budget expenditxares
Authorizations
to expend from
debt receipts
Bureau of Accounts.
Details for the current fiscal year to date
are shoi.m in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
These figures, the latest available, are based on reports from the
agencies 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 1966.
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; 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, (bj restorations and reappropriations.
Although not expended, a substantial portion of these amounts is
obligated for payrolls, outstanding purchase orders and contracts for
equipment and supplies, and similar Items.
Includes reappropriations.
6/
7/
8/
o/
»
Consists of authorization by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from corporate debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Consists of appropriation transfers between agencies.
Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority and
contract authority; transfers to miscellaneous receipts; and
other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises.
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary
data used in the monthly statement of receipts and expenditures of the
Government
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BDDGET RECEIPTS AND EXPENDITURES
Table
6.
-
Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1966p 1/
Functions
National defense :
Department of Defense-Military
Military assistance
Atomic energy
Defense-related activities
Function
code
number
1961
051
057
058
059
43,227
1,4^9
2,713
104
46,815
1,390
2,806
92
48,252
49,760
24
1,485
2,765
172
46,173
1,229
2,625
136
54,369
1,721
47,494
51,103
52,755
54,181
50,163
57,662
216
1,927
158
1,653
249
2,130
346
1,826
197
201
346
2,094
223
1,726
1,779
297
1,479
207
1,704
1,641
315
1,861
227
1,459
Total national defense
International affairs and finance;
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
151
152
153
154
Total international affairs and finance
1962
1963
1%i
1965
Expenditures
2,758
948
2,404
-59
3,954
4,301
4,151
3,687
4,304
3,864
Space research and technology
251
744
1,257
2,552
4,171
5,093
5,933
Agriculture and agricultural resources:
Farm income stabilization 3/
Financing farming and rural housing
Fi n ancing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services J/
351
2,345
349
,093
3,954
300
342
4,144
3,438
268
392
2,294
352
353
35i
355
,
,
497
5,475
4,898
3,667
1,832
332
1,922
374
71
91
94
105
94
60
112
130
73
73
105
120
134
94
2,112
407
108
130
2,206
2,431
2,563
2.750
835
658
39
578
875
879
706
324
391
3,667
4,33?
5,311
401
i02
403
1,^44
331
61
1,623
280
68
1,779
303
iOi,
73
81
i05
409
91
55
2,056
347
324
501
502
503
505
716
569
36
914
506
507
508
Total commerce and transportation
Housing and community development
Aids to private housing 4/
Public housing programs
Drban renewal and community facilities
National Capital region
457
341
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
341
169
373
333
251
342
324
414
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildl if e resources
Recreational resources
General resource surveys and administration
301
234
303
367
781
153
90
2,999
654
672
33
41
271
797
427
770
366
101
67
7
74
401
401
84
91
728
39
805
557
398
98
2,573
2,774
2,843
3,002
3,499
2,975
-44
150
-818
230
420
64
-475
233
445
75
54
874
201
162
99
:
,
,
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research^.
Labor and manpower
Public assistance^.
Economic opportunity program
Other welfare services
,
,
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance for elementary and secondary education 6/.
Assistance for higher education b/
Assistance to science education and basic research..
Other aids to education 6/
,
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected con5)ensation 2/
Veterans' nonservice-connected pension 2/'
Veterans readjustment benefits ^/.
Veterans' hospitals and medical care
Other veterans' benefits and services 7/
801
'
,
,
,
802
803
804
805
Total veterans' benefits and services
Footnotes at end of table.
-149
-537
-595
162
163
261
51
74
178
222
70
149
306
59
320
349
-67
-80
-104
278
1,882
961
1,233
1,511
809
2,147
591
2,331
224
2,631
1,878
345
2,786
327
382
423
466
513
1,860
496
3,566
1,004
734
4,2U
4,538
4,739
5,475
5,698
7,660
332
286
337
350
404
143
181
183
207
392
428
206
219
383
310
241
418
413
309
405
1,238
825
368
398
943
1,076
1,^44
1,339
1,544
2,829
2,034
1,532
559
1,030
259
2,017
1,635
388
1,084
279
2,116
1,698
-13
1,145
240
2,158
1,743
2,176
1,864
-50
1,270
4,2U
211
5,414
{CoiitiTiuied
464
2,827
5,403
on following page)
5,186
113
1,229
249
5,492
-601
1,318
235
155
5,495
5,036
Unexpended
balances end
of period 2/
August 1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
6.
-
Expenditures and Balances by Functions (Continued)
-
{Fiscal years; in millions of dollars)
1966p 1/
Functions
Interest ;
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
851
852
853
Total interest
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 general government
Total general government
1962
1961
1964
1963
1965
Unexpended
Expenditures balances end
of period 2/
8,957
83
9,120
68
9,895
74
10
10
11
88
11
11,346
77
12
12,034
104
14_
9,050
9,198
9,980
10,765
11,435
12,151
118
135
57
126
66
22
607
372
140
289
109
22
653
419
153
300
136
131
63
21
715
U2
52
22
23
825
1,709
82,169
901
902
903
90i
905
906
908
910
10,666
606
174
366
190
154
79
24
866
591
175
384
191
2,280
2,402
2,465
-23
23
98,348
97,378
107,546
114,249
142
323
139
791
576
174
335
189
1,875
1,979
3,419
93,155
444
76
Undistributed
Total
Deduct;
Interfund transactions
Net budget expenditxires (see table 3) •••
654
633
513
664
870
•629
81,515
87,787
92,642
97,684
96,507
106,917
Source:
Expenditures for 1966 are from reports received from disbursing,
collecting, and administrative agencies of the Government, on the
monthly statement reporting basis (see page II). They are classified in accordance with classifications used in the 1967 Budget document, Table 19, as nearly as can be done on an individual appropriation and fund item basis. Prior year figures are from the same source
but have been adjusted below the appropriation level in some instances
by the Bureau of the Budget for use in Table 19. Where current
classifications differ on this account, they are footnoted. Revolving
fund transactions are included net in the expenditures.
For expenditures by major functions for fiscal 1967 through July 1966,
1/
and fiscal 1966 through July 1965, see "Note" below. Details by functions are not available for publication in this issue but will appear
in the September 1966 Bulletin.
For
description of items included, see Table 5. Although not ex2/
pended, substantial portions of these amounts are obligated for
payrolls, outstanding purchase orders and contracts for equipment
and supplies, and similar items.
Expenditures for 1966 for function code 351 include those relating to
1/
specified research projects applicable to function code 355. These
expenditures were made from "Special Activities, Camnodity Credit
4/
^
6/
Corporation."
Expenditures for 1966 for function code 551 include those relating to
veterans' readjustment benefits applicable to function code 803.
These expenditures were made from the "Participation Sales Fund,
Federal National Mortgage Association."
Expenditures for 1966 for function code 653 include those relating to
medical and hospital care for the aged applicable to function code 651.
These expenditures were made from "Grants to States for Public Assistance, Bureau of Family Services."
Expenditures for 1966 for function code 702 include those relating to
assistance for elementary and secondary education applicable to function code 701 and other aids to education applicable to function code
These expenditures were made from "Defense Educational Activities,
704.
7/
»
p
Note;
1
-2
49
9
6
123
654
4
79
_8A^
1,007
Office of Education."
Expenditures for 1966 for function code 801 include those relating to
veterans' nonservice-connected pensions applicable to function code
802 and other veterans' benefits and services applicable to function
code 805.
These expenditures were made frcan "Compensation and Pensions, Veterans' Administration."
Less than $500,000.
Preliminary.
Expenditures by major functions.
1967 through
July 1966
Functions
1966 through
July 1965
(In millions)
National defense
International affairs and finance
Space research and technology
Agriculture and agricultural resources.
Natural resources
Commerce and transportation
Housing and community develo^Ment
Health, labor, and welfare
Education
Veterans benefits and services
Interest
General government
,
,
'
Total
Deduct;
4,891
260
494
397
299
292
643
951
281
450
1,106
238
10,302
Interfimd transactions
Net budget expenditures
...
3,835
25
427
457
265
248
-127
655
101
210
1,010
215
40
7,319
79
10,263
7,240
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table
1. -
Summary
of Trust and Other Transactions
(In millions of dollars)
n
August 1966
.TRUST AND OTHER TRANSACTIONS.
Table
3.
-
Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table
4.
-
Investments in Public Debt and Agency Securities (Net)
..
.
.
,
.
,
August 1966
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
Fiscal year
or month
Total 1/
Total
guaranteed
-1,171
-400
-1,293
1957
1958
1959
1960
-33
6
-10
-29
-100
-204
-162
-206
223
129
-1,746
1961
1962
1963
537
1964
1965
1966 p
-1,780
-1,022
-1,880
-1,372
-4,078
1967 (Est.;...
-1
1965^uly
August
September
October.
November
December.
. .
1966-January.
February.
March. ...
April. ...
May
June
p.
. .
July
Federal
Farm
Mortgage
Corporation
Home
Owners'
Loan
Corporation
Federal
Housing
Administration
Securities not guaranteed by the United States
Trust
enterprise
fund
Public enterprise funds
Public enterprise funds
Total not
guaranteed
D. C.
stadium
fund
-33
6
-1,137 3/
-406
-1,283
-1,717
-10
-28
-81
-204
-162
-206
223
129
-19
154
154
-15
-473
49
-33
-168
45
116
-23
-20
29
28
9
116
-28
-20
29
28
9
-131
-265
-260
40
-19
40
-19
-305
-341
-21
-21
-732
-1,070
-13
-13
3
3
-445
69
-62
-197
35
-241
-321
-814
4
4
-720
-1,072
-818
-297
-27
-27
-270
Tennessee
Valley
Authority
Trust enterprise funds
Federal
intermediate
credit
banks
^
-238
-225
1961
1967 (Est.)...
1965-July
August
September
October.
November.
December.
.
.
-35
-45
-60
-1,472
-52
-48
-29
-39
-189
-157
-100
-500
July
.
-46
-20
-86
-46
-15
.
-5
.
-40
-10
48
-88
-74
Federal
home
loan
banks
Federal
intermediate
credit
banks
^
-230
191
282
-554
-284
200
-750
-975
Federal
land
banks
-340
-144
-95
-242
-250
.-220
-556
-1,553
-80
-300
-212
-300
-84
«
-23
-50
-251
-81
-81
-1 ,431
-192
-174
-248
-559
-573
2
12
25
-203
22
99
120
-62
35
-37
-43
-10
3
51
-44
-454
-59
*
-23
151
13
-251
-171
-40
24
-9
212
:
i/
1
3
-7
5
-110
-377
-462
-410
-62
-66
-132
-143
-109
-167
-125
-288
-82
-111
-5
-324
-126
Source
See Table 1
1/ See Table 1, Note.
2/ Management and liquidating functions.
Federal intermediate credit banks were classified as public enterprise
funds prior to January 1, 1957, as trust enterprise funds January 1,
^
(Continued)
-124
-132
-278
-132
-147
-391
3
May
June p
^
597
262
-99
.
1966-January.
February.
March.
April. ...
Banks
for
cooperatives
-50
-95
58
-
Government-sponsored enterprises
-950
-115
-125
-994
86
-359
1957
1958
1959
I960
1962
1963
1964
1965
1966 p
Federal
National
Mortgage
Association
797
-1 ,492
Securities not guaranteed by the United States
Fiscal year
or month
Home
Owners'
Loan
Corporation
-233
6
638
-1,576
-860
-1 ,674
-1,595
-4,207
,338
Public enterprise
funds - (Cont.)
Federal
National
Mortgage
Association 2/
7
»
1957 to January 1, 1959, and as Government -sponsored enterprises
thereafter.
Secondary market operations.
Less than $500,000.
Preliminary.
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS,
Table
6.-
Interfund Transactions Excluded from
Both Net Trust Receipts and Trust Expenditures
(in millions of dollars)
Fiscal year
or month
Total
Federal
Old-Age and
Survivors
Insurance
Trust Fund X/
Federal Disability
Ineurance
Trust
Fund 1/ 2/
Federal
Supplementary
Medical
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
l/V
Fund^
Federal
employees'
retirement
funds 6/
Alien
property
activities 7/
District
of
Columbia 8/
2/
10
11
1957
1958
1959
i960
1961
1962
1963
196i
1965
1966p
135
770
6
13
22
22
27
32
211
132
101
38
35
58
41
767 2/
520
27
68
908
515
528
505
521
638
1967 (Est.)...
1965- July
August. .
September
October.
November.
December.
4
102
24
1966- January
February
March. .
April ....
8
.
.
Hay
June p
July
3
12A
600
332
361
423
403
436
444
1
92
10
142
9
10
10
12
12
13
15
17
18
94
24
32
86
32
37
9
47
90
1
95
23
1
7
7
1
24
30
3
1
2
8
26
2
24
1
2
7
5
.
.
543
1
1
444
48
28
34
Source
See Table 1
1/ Payments are made between the Railroad Retirement Account and
Federal Old-Age and Survivors, Federal Disability and Federal Hospital
insurance trust funds so as to place those funds in the position in
which they would have been if railroad retirement employment had been
included under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Premiums deducted from benefit payments from Federal Old-Age and Survivors and Federal Disability insurance trust funds, and Civil Service
and Railroad Retirement accounts.
ij Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the account
1
33
:
^
6/
7/
g/
o/
is insufficient to meet payments of benefits and refunds due or to
become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 4.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Transfers to the Foreign Claims Settlement Commission.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund, advances to National Park Service, and advances to Smithsonian
Institution.
Includes payment of $2 million between Federal Old-Age and Survivors
Insurance Trust Fund and Federal Supplementary >fedical Trust Fund.
Less than $500,000.
p Preliminary.
J
.
..
.
.
.
..
..
.
August 1966
15
.TRUST AND OTHER TRANSACTIONS.
Table
7.
-
Federal Old-Age and Survivors Insurance Trust Fund 1/
(In millions of dollars)
Receipts
Fiscal year
or month
Appropriations
Total 2/
y
Expenditures other than investments
Deposits by
States 4/
Net earnings
on investments
1937-56
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966p
45,996.1
7,100.6
7,824.4
8,108.7
10,360.0
11,823.9
12,011.0
13,855.7
16,043.4
16,416.5
41,629.4
6,243.0
6,794.9
7,084.0
9,192.4
10,537.2
10,600.0
12,351.2
14,335.1
U,572.4
433.2
296.8
472.1
481.1
650.3
755.4
869.6
989.6
1,166.6
1,257.9
18,460.6
16,473.5
1,392.3
3,889.2
555.3
555.4
543.0
516.4
530.2
539.0
512.4
539.0
583.1
588.2
1967 (Est.
21,11^.8 6/
18,932.0
1,511.0
589.9
580.6
2,672.1
964.9
574.0
2,226.3
2.7
3.8
22.3
447.6
1,627.5
918.9
416.0
1,323.9
698.0
278.6
-.6
104.8
2,441.4
1,664.3
99.9
2,182.5
1,666.0
237.1
-7.5
1,177.4
3,469.8
2,391.3
1,142.0
2,939.8
2,217.0
13.5
502.4
-35.1
U9,813.2
8,764.8
1965-Juiy
August
September.
October
November.
December
.
, ,
, . .
1966- January
February .
.
.
March
April
May
June p
1937 to date p 8/
168,000.8
Benefit
payments
15,225.9
124.4
600.4
331.7
360.8
422.5
402.6
435.6
18,769.4
18,071.5
443.8
19,877.0 2/
19,064.0
520.0
U,579.2
5.5
1,295.2
1,287.0
2,075.8
26.2
25.0
217.9
1,467.7
1,495.8
1,436.1
1,435.8
1,459.0
1,468.1
4.0
21.8
5.8
1,506.2
1,542.1
1,544.6
1,468.6
1,498.9
1,497.0
21.8
27.6
206.3
1,551.6
1,598.9
1,868.7
1,508.0
1,536.8
443.8
9,351.3
148,129.1
141,724.6
3,122.0
5.4
.9
l,5a.3
Assets, end of period
1937-56.
1957....
1958....
1959....
I960
1961
1962
1963....
1964.
1965....
1966p...
Net increase,
or decrease
Administrative expenses
Construction 2/
Reimbursement
Bureau of
to general
OASI 11/
fund 10/
Reimbursement (-) from
Federal Disability Insurance Trust Fund
(-),
In
Total
-9.1
-17.5
-28.8
-33.2
-60.3
-62.9
-63.8
22,593.1
435.8
-216.3
-1,271.2
-712.7
71.6
-1,259.2
-674.1
758.8
1.5
551.0
119.0
138.9
173.2
179.3
223.6
263.5
275.4
312.4
322.8
443.4
-75.1
-240.6
454.6
-307.9
6.5
54.1
276.6
-45.2
1,235.9
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
18,967.1
19,725.9
20,180.5
19,871.7
20,070.6
1965-July
August..
September
.1
4.3
4.8
7.9
24.6
27.4
30.6
October. .
November,
December.
.2
.3
.1
-4.2
4.4
6.5
-85.9
19,436.9
20,789.8
19,640.3
18,620.2
18,751.9
18,234.7
.2
4.6
4.8
4.3
35.9
32.1
47.4
33.0
-743.6
1,352.9
-1,149.5
-1,020.1
131.7
-517.2
-1,401.4
899.4
119.7
-374.2
1,871.0
522.6
.
1.6
11.6
12.5
1.8
3.1
1.7
2.6
.
.3
1967 (Est.).
.1
.
1966 -January. .
February.
March
.1
.
April.
May. . .
June p.
1937 to date p 8/.
38.3
43.1
.1
4.0
39.6
.2
.2
4.3
4.3
53.0
38.4
-154.7
37.2
834.4
3,002.3
-591.4
Source:
See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
Total
includes: $15.4 million (1937-56) transferred from general fund
2/
for administrative and other costs of benefits payable to survivors of
certain World War II veterans (60 Stat. 979 and 64 Stat. 512); $28.6
million (1937-56), $5.2 million (1957), and $1.6 million (1958), paid
from the Railroad Retirement Account; beginning November 1951, small
amounts in the nature of recoveries from expenditures incidental to
the operations; and beginning 1958, interest payments from Federal
Disability Insurance Trust Pimd, and sale of waste paper.
J/ Includes unappropriated receipts beginning January 1962.
To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
5/ See Table 9.
6/ Includes $78 million for payment for military service credits.
^
2/
8/
2/
10/
11/
InTestments
Unexpended
balance
assets
399.3
30.9
34.5
39.0
39.4
43.8
45.3
48.5
51.7
52.4
49.9
.3
y
22,452.8
6,514.6
7,874.9
9,049.1
10,269.7
11,184.5
12,657.8
13,844.6
23,403.0
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
14,529.7
15,284.6
15,961.9
Expenditures, etc. - (Continued)
Fiscal year
or month
Payments to Railroad Retirement
Account
1,324.2
1,319.2
2,114.4
423.4
-28.6
988.0
Total
19,871.7
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
17,613.2
18,304.9
18,765.7
17,908.7
1,414.8
1,963.0
18,523.0
1,547.6
17,854.7
19,150.0
18,031.2
1,582.2
1,639.8
1,609.1
17,005.8
17,238.9
16,642.9
1,614.4
1,513.0
1,591.9
16,833.3
17,732.7
17,852.4
15,143.7
16,031.5
15,973.7
1,689.6
1,701.2
1,878.8
17,478.2
19,349.1
19,871.7
15,104.2
17,426.2
17,908.7
2,374.0
1,922.9
1,963.0
19,871.7
17,908.7
1,963.0
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
1,353.9
1,421.0
Includes $1 million for vocational rehabilitation services.
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 (^2 U.S.C. 401 (g) (l)), for
administration of Titles II and VIII of that act and related parts of
the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See 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) (l)); previously these expenses
were included in reimbursements to the general fimd.
Less than $50,000.
Preliminary.
Treasury Bulletin
16
.TRDST AND OTHER TRANSACTIONS.
Table
8.
Federal Disability Insurance Trust Fund
(In millions of dollars)
.
August 1966
17
.TRUST AND OTHER TRANSACTIONS.
Table
10.
-
Unemployment Trust Fund
(In millions of dollars)
Expendittires other
than investments
Receipts
En^jloyment security program"
State
accounts
1/
Fiscal year
or month
ftdministration
Account 2/
Total
Deposits
by
States
1936-56
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
25,450. 8 10/ 21,541.9
1,912.
1,541.7
1,855. 5
1,500.7
1,997. 4
1,700.6
2,703. 3
2,167.0
3,803. 3 11/
2,398.1
3,985. 4
2,728.6
4,260. 7
3,008.9
4,288. 3
3,042.4
3,051.5
4,132, 2
3,067.1
4,126, 2
1967 (Est.)...
Advances
from
Approgeneral
priations
fund
3/
51.5
34.9
-81.9
-4.5
561.0
96.0
904.3
83.5
1.8
2.2
1.5
33.8
37.6
Got
Nov
Dec
157.3
524.8
199.2
98.0
462.7
23.7
1.5
1.0
1.1
39.7
36.7
37.0
1966-Jan
Feb
Mar
179.1
596.5
72.8
72.4
315.6
29.8
74.5
465.5
6.3
24.0
-210.2
194.9
946.0
171.7
172.7
923.9
26.5
3.5
1.8
1.3
58,515.0
45,748.5
3,764.9
.
1936 to date p
12/
498.1
332.9
2.4
6U.9
90.6
836.4
14.8
.
V
Federal
Extended
Condensation
Account
2.6
344.4 11/
452.6
945.4
846.6
2,900.0
Apr
May
June p.
Federal
Unemployment
Account
232.1
71.2
33.5
3,923.4
1965-July
Aug
Sept
Railroad unemployment insurance
Employment Security
539.4
.7
Administration
fund a/ Interest
and
Advances fromDeposits
Deposits profits
by
by
on
Railroad
Railroad
Railroad investRetireRetireGeneral Retire- ments
ment
ment
ment
fund
Account
Board
Board
3/
7/
1,091.4
74.3
90.4
102.0
153.0
152.7
147.1
149.8
L44.1
142.8
139.1
183.7
132.3
101.5
37.7
35.2
58.2
40.9
U4.9
52.0
.6
2.4
5.8
8.9
25.
13.0
7.0
-.6
5.0
5.4
6.4
Total
EmployState
ment
accounts Security
Adminis1/
tration
Account
With2/
drawals
Grants
by
States
2,478.2 16,661.0 10/L5 ,497.2
224.8 1,643.9
1,510.7
230.9 3,U8.0
2,926.4
186.9 3,053.9
2,796.9
188.1 2,736.4
2,366.3
204.5 4,733.7 11/ 3,552.0
172.6 3,906.4
2,818.8
191.1 3,815.5
2,810.2
212.6 3,706.6
2,703.3
3,130.0
255.3
2,389.6
2,687.7
308.7
1.974.0
to
States
375.0
467.6
336.4
412.7
399.4
477.0
280.0
2,947.3
2.202.5
509.0
.2
17.2
1.6
157.8
207.8
204.0
134.9
158.6
133.3
15.1
39.0
37.3
2.0
12.0
12.6
105.6
166.8
264.8
236.4
115.7
213.6
169.8
40.5
40.4
32.5
2.1
7.1
.3
29.8
.4
7.4
.4
2.6
31.9
5.2
17.7
2.6
247.0
268.1
350.5
233.3
205.9
222.8
44.2
82.4
.5
5.3
3.0
2.0
12.9
13.7
112.2
164.6
219.6
200.2
153.3
129.5
103.2
78.0
67.0
72.2
4,653.7
3.5
29.6
833.5
7.9
8.9
8.6
8.1
7.9
12.0
9.5
9.3
f'
.6
339.3
Employment
security program
Railroad Unemployment
Insurance Account 6/
2,386.8
?.6
.2
19.4
49,223.0
.3
.3
41,345.4 2,468.1
Treasury Bulletin
18
.TRUST AND OTHER TRANSACTIONS.
Table
11.
-
National Service Life Insurance Fund
(
In millions of dollars)
19
August 1966
.TRDST AND OTHER TRANSACTIONS.
Table
12.
-
Investments of Specified Trust Accounts in Public Debt Securities
by Issues, as of June 30, 1966
(In millions of dollars)
Description of securities
Treasury Bulletin
20
•
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
'
from expenditures currently, but are added later when actual
These items consist of certain interest
Bulletin are on a basis consistent with Federal receipts from
payments are made.
and payments to the public as derived in the Budget of the
accrued on the public debt and expenditures involving the
United States (in the Budget for 1967 in Special Analysis A).
issuance of a few special public debt securities.
Shown also is the euaount of net cash borrowing from, or repay-
outstanding, deposits in transit, and other clearing accounts
ment of borrowing to, the public.
Revisions of the figures
for earlier years have been made where necessary to make them
are excluded from payments.
Checks
Receipts from the exercise of
monetary authority are excluded as not representing cash
Federal cash borrowing from the
as nearly comparable with current Budget classifications as
received from the public.
available data will permit.
public includes net borrowing by the Treasury through public
For this reason certain of the
figures differ somewhat from those published in previous
debt transactions emd also net borrowing by Government agencies
Budget documents as well as in the Bulletin.
and Government-sponsored enterprises through sales of their
This series of cash transactions is designed to provide
own securities.
It excludes changes in the public debt which
The
information on the flow of money between the public and the
do not represent direct cash borrowing from the public.
Federal Government as a whole, and therefore includes trans-
net effect of all these transactions with the public is re-
actions not cleared through the account of the Treasurer of
flected in changes in the balance in the Treasurer's account
the United States.
and in cash held outside the Treasury.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
Seasonally adjusted summary data are shown in table 3.
Major intragovemmental transactions which are
The adjusted data have been derived by applying a seasonal
reported as both expenditures and receipts are excluded from
adjustment formula developed by the Bureau of Census, Depart-
fund accounts.
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
ment of Commerce.
.,
.
....
21
August 1966
CONSOLIDATED CASH TRANSACTIONS
Table
1.
-Summary
of Federal
Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Intragovern-
Fiscal year
or month
Administrative budget
receipts
(net)
1957
1958
1959
1960
1961
1962
1963
196A
1965
1966 P
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
104,631
1967 (Est.)...
1965 ^uly
August.
September
October.
November
December.
Trust
receipts
(net)
raental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
Administrative budget
expenditures
24,290
27,689
30,331
31,047
34,852
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
134,382
81,515
87,787
92,642
97,684
96,507
10 6,917
111,000
41,608
-7,068
145,539
3,807
7,350
10,999
3,295
8,106
9,553
1,417
4,572
1,954
1,262
3,012
1,935
-242
-328
-354
-274
-390
-650
4,981
11,595
12,599
4,283
10,728
10,838
1966-January
February.
March.
April.
May
June p
6,453
8,335
11,297
9,929
8,452
17,054
951
4,181
2,745
2,215
5,812
4,795
-313
-116
-238
-290
-348
-1,556
July
5,702
2,837
-436
.
.
.
.
.
.
.
.
23, 583
Plus:
Trust fund
expenditures (net)
(net)
^2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4, 326
-4,259
-4,420
-5,100
14,301
16,153
16,769
20,342
Federal payments to the public
Less;
68,966
71,369
80,342
Public
debt increase, or
decrease (-)
26,545
28,885
29,637
34,788
112,847
37,882
-5,681
145,048
491
7,240
8,990
9,452
8,750
9,105
9,426
2,418
2,349
3,142
2,447
2,707
2,636
37
-4,7U
-942
9,696
12,299
11,090
10,518
12,312
11,121
7,091
12,400
13,804
11,853
V3,916
20,294
8,809
8,156
10,193
8,362
9,055
9,378
3,048
2,621
2,996
3,335
3,632
3,455
-624
486
-1,103
-372
134
-1,006
11,233
11,264
12,086
11,325
12,821
11,827
-4,U2
8,103
10,263
3,642
12,927
-4,824
76, 539
25,
1,338
-4,944
-1,771
15
33
168
-45
1,045
-2,515
1,210
1,303
-519
935
367
-383
-332
3,495
2,460
1,099
1,308
-2,312
-1,416
2,777
-2,452
265
260
341
732
1,070
814
1,897
-1,749
-2
1,170
-4,023
-2,327
3,261
-181
-1,973
486
-177
-3,966
-h21
297
333
1965-July
August.
September
October.
November
December,
-692
1,658
-1,493
2,154
2,310
-807
1966-January,
February,
March
April. ...
May
June p .
July
473
-49
Actual figures are based on the monthly statement of receipts
and expenditures of the Government and the daily Treasury statement
(for explanation of reporting bases, see page II); estimates, including effect of proposed legislation, are from the 1967 Budget document
released January 24, 1966,
See "Trust and Other Transactions", Table 5, for net sales and
83
Source:
1/
960
-1,504
-679
500
-978
2/
2/
p
Total
cash
borrowing
from the
2]
Plus:
Seign-
iorage
Treasurer'
public,
or repay-
account
-597
-536
-923
-1,033
-1,099
-250
-530
-3,1ijO
49
5,820
8,626
1,848
712
59
9,594
5,579
44
53
55
58
3,859
4,328
2,610
45
69
117
649
-289
-2,060
1,568
-50
-46
-125
-75
-107
318
-383
-378
3,370
2,385
-24
9
14
26
36
32
-84
-74
3,177
-255
60
48
,924
71
66
it
48
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,749
-263
-215
148
24
-141
-81
-4,388
-1,073
1,157
-2,828
833
-259
171
-44
90
627
-423
359
-Q04
929
-134
1,080
947
4,689
-^53
-4,866
lU
-65
-63
21
-4,613
94
s
-4,124
-858
1,010
-2,852
974
-177
486
-243
-3,921
»
1,136
1,718
528
1,095
8,466
-222
118
-74
206
174
253
-66
45
-1
-705
1,509
-6,234
-1,584
-283
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
-1,076
973
-224
453
1,370
4,330
50
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,696
-3,210
Cash balances,
Equals:
net increase, or
decrease (-)
ment (-)
1,746
-537
1,780
1,022
1,880
1,372
4,078
1,835
.
Noncash
debt
transactions
(See Table
292
200
-2,160
1967 (Est.)...
.
Total
securities
held by
the public,
increase, or
decrease (-)
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,958
4,578
3,141
1,171
400
1,293
Ul
repayment (-)
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
-3,571
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
5,561
2,633
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
Net investment
in securities by
Government
agencies 2/
Equals:
Excess of cash
receipts from,
or payments
to (-), the
public
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
137,592
Cash borrowing from the public.
Net sales
of Government agency
securities in
market 1/
Total
Federal
payments
to the
public
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,749
-4,114
12,938
15,325
19,521
21,212
22,793
Change in securities held by the public
Fiscal year
or month
Intragovernmental and
other
noncash
transactions
(See Table 2)
5
140
-23
-4
50
redemptions of Government agency securities in market.
See "Trust and Other Transactions", Table 4, for net investments in
public debt and agency securities.
Includes increment resulting from reduction in the weight of the gold
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer' s account,
Preliminary.
Treasury Bulletin
22
•CONSOLIDATED CASH TRANSACTIONS'
Table
2.
Intragovernmental and Other Noncash Transactions
-
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement 1/
Interest
on trust
fund
investments
Fiscal year
or month
Payroll
deductions
Employers'
share
for employees
641
660
744
744
838
845
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
1,318
1,342
1,315
1,327
1,404
1,423
1,467
1,603
1,759
1,894
973
1,042
1,088
914
973
1,042
1,089
1967 (Est.)...
1,957
1,073
1,073
1965-July
August. .
September
October.
November.
December.
6
65
11
90
91
56
349
81
86
87
90
91
81
86
87
42
103
86
100
87
103
86
101
87
64
85
85
1,168
101
6
93
1966- January.
February
March. . .
April . . .
May
June p
.
11
.
July
525
579
744
744
838
845
9U
U
Federal
payments
to District
of Columbia
Total
Other 2/
Noncash
debt
transactions
relating
to receipts
Seigniorage
1/
Total
receipts
adjustments
124
561
898
559
357
256
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
4,303
4,451
45
69
117
649
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
4,420
5,100
152
1,245
5,500
1,568
7,068
24
15
24
233
9
53
3U
U
328
238
358
&02
26
242
328
354
274
390
650
66
37
75
54
158
133
74
792
102
88
83
102
103
105
6
129
-9
4
40
125
25
53
2
17
37
-191
-50
10
V
10
101
10
27
16
253
68
166
224
254
1,413
93
30
195
416
5
-2
49
59
44
53
55
58
36
32
48
60
48
71
66
94
313
116
238
290
348
lU
1,556
21
436
Noncash debt transactions relating to payments
Intragovernmental
transactions
(See
above)
Fiscal year
or month
1964
1965
1966 p
709
,751
,980
,975
,945
,776
,281
,190
,303
,451
1967 (Est.)
,500
1957
1958
1959
I960
1961
1962
1963....-
1965-July
August
September.
October
November.
December.
1966- January
February,
March
April
May
June p
July
1/
2/
2/
4/
^
.
.
.
.
.
.
.
Interest
increment
on savings
and retirement plan
bonds
(net)
y
336
385
383
136
430
496
577
611
571
571
Discount
on
securities
(net) 6/
United
Nations
funds
bonds
7/
InterAmerican
Development
Bank 7/
International
Development
Association
7/
52
-674
-450
448 11/
55
70
25
58
53
14
13
-39
-18
-4
-74
-40
75
-43
66
11
-3
4
59
8
-20
44
38
76
85
74
31
-18
253
68
166
224
254
1,413
66
66
-1
21
56
39
-18
-18
11
29
68
-96
-4
-10
-5
Beginning vdth fiscal 1958 excludes District of Columbia.
Includes mainly, general fund advances to trust funds (net), dividends
and interest paid to the Treasury by trust enterprise funds, adjninistrative expenses of the Federal Old-Age and Survivors, Federal
Disability, and Federal Hospital insurance trust funds, the Federal
contribution to the Civil Service Retirement Fund and the Federal
payments for military service credits.
Includes increment resulting from reduction in the weight of the gold
dollar; excluded
from receipts from the public but included in cash
deposits in the Treasxirer's account,
Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
Accrued interest on the bonds, i,e, the difference between the purchase
Other 8/
-292
-200
2,160
597
536
923
1,033
1,099
250
531
Checks
Accrued
outstanding
interest
and
on the
certain
public
other
debt 2/
accounts 10/
-19
6/
7/
8/
2/
10/
11/
•
Total
payments
adjustments
93
76
132
6
18
186
38
110
-47
-557
576
-105
-281
279
548
-64
910
-913
-821
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,237
3,749
^,114
-108
5,681
605
-812
-925
-461
39
289
537
593
4U
-456
87
-97
-477
146
-37
-960
1,504
679
-500
942
-13
66
-45
603
-801
548
437
-533
-679
-316
172
438
-290
79
317
624
-486
1,103
372
-134
1,006
-5
65
644
-146
978
-5
-28
-14
37
1,361
259
258
171
255
117
-472
-133
-17
75
24
96
Konetary
Fund 2/
-131
418
205
-209
145
119
268
144
225
233
314
328
238
358
602
416
International
Total
noncash
debt
transactions
relating to
payments
50
-5
-19
46
125
75
107
-12
-10
-16
-25
84
74
-50
»
price and the current redemption value less interest paid on bonds
redeemed
Discount on securities at time of issuance less interest paid at time
redeemed
Treated as noncash expenditures at the time of issuance of the securities
and as cash expenditures at the time of their redemption; net issuance,
or redemptions (-)
Includes adjusted service and armed forces leave bonds (see footnote 7)
Net increase, or decrease (-), in accrued liability.
Net increase, or decrease (-) , in checks outstanding, deposits in transit,
and other accounts.
Not shown separately in the Budget document,
I
I
Less than $500,000.
Preliminary,
p
J
August 1966
23
CONSOLIDATED CASH TRANSACTIONS
Table
3.
Federal Receipts from and Payments to the Public
Seasonally Adjusted and Unadjusted
(in millions of dollars)
Receipts from the Public
Payments to the Public
Calendar quarter
Adjusted
1957 - 1st
Unadjusted
Adjusted
Unadjusted
8U
Excess of Receipts
or Payments (-)
Adjusted
Unadjusted
2nd
3rd
4th
20,820
21,403
21,172
20,616
24,617
24,846
18,653
16,404
20,792
20,947
20,919
20,663
21,574
21,099
20,909
28
456
253
-47
4,803
3,272
-2,446
-4,505
1958 - 1st
2nd
3rd
4th
20,509
20,088
20,299
20,444
23,618
23,219
18,274
16,618
20,652
21,296
23,441
23,412
19,626
21,840
23,734
23,750
-U3
-1,208
-3,142
-2,968
3,992
1,379
-5,460
-7,132
1959 - 1st,
20,222
20,923
23,273
23,474
22,628
24,024
23,962
24,005
-3,802
-3,039
-732
-40
-136
-362
-3,011
-4,497
3,818
19,
5U
22,764
24,503
24,375
23,917
23,667
24,701
25,034
24,665
25,776
28,519
23,352
20,640
23,233
23,635
23,682
24,105
21,958
24,079
24,156
24,540
434
1,066
1,352
560
-8O4
-3,900
2nd.
3rd.
4th.
23,227
24,614
24,788
25,298
24,758
28,491
23,381
21,289
24,802
27,025
26,117
26,628
23,402
27,444
26,715
27,173
-1,575
-2,411
-1,329
-1,330
1,356
1,047
-3,334
-5,884
1962 - 1st.
2nd.
3rd.
4th.
24,971
26,652
27,434
27,262
26,214
30,981
26,029
22,982
27,540
27,498
27,795
28,954
25,923
27,851
28,502
29,599
-2,569
-846
-361
-1,692
291
3,130
-2,473
-6,617
1963 - 1st.
2nd.
3rd.
4th.
27,069
27,911
28,699
29,113
28,178
32,551
27,304
24,543
28,209
28,847
30,127
29,881
26,519
29,130
30,952
30,619
-1,U0
-936
-1,428
-768
1,657
3,420
-3,648
-6,077
1964 - 1st.
2nd.
3rd.
4th.
29,251
28,582 1/
28,401
28,847
30,321
33,362
27,035
24,312
30,597
29,815
30,039
29,828
28,706
30,054
30,913
30,599
-1,346
-1,233
-1,638
-981
1,615
3,309
-3,877
-6,287
1965 - 1st.
2nd.
3ra.
4th.
29,724
32,646 1/
30,646
30,685
30,669
37,683
29,175
25,849
30,165
32,395
32,104
33,098
28,270
33,085
33,951
-441
251
-1,458
-2,413
2,398
5,069
-3,910
-8,101
1966 - 1st.
2nd.
33,684
39,567 1/
33,295
46,063
36,908
35,758
34,583
35,973
-3,224
3,899
-1,288
10,089
2nd,
3rd,
4th,
1960 - 1st,
2nd.
3ra.
4th.
1961 - 1st,
24,
Ul
21,364
19,420
Source: Adjusted data from Bxireau of the Budget; unadjusted data
from Treasury Department.
1/ Includes accelerated corporate tax payments of about $300 million
in 1964, 1900 million in 1965, and $2,800 million in 1966. Also,
23,
32,
6U
4,U0
the 2nd quarter of 1966 includes about $300 million for the
initiation of graduated withholding of personal income taxes and
$1,400 million because of a change in the schedule for depositing
withheld and OASI taxes.
Treasury Bulletin
24
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
the same bank.
The account of the Treasurer of the United States re-
On occasions, to the extent authorized by the
flects not only budget receipts and expenditures but also
Treasury, banks are permitted to deposit in these accounts
deposit fund, and public debt transactions.
proceeds from subscriptions to public debt securities entered
trust,
for their own account as well as for the account of their
The working cash of the Treasury is held mainly in
customers.
Treasurer's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted, they are
The tax and loan account system permits the Treasury to
restored by calling in (transferring) funds from the tax and
leave funds in banks and in the communities in which they arise
loan accounts with thousands of commercial banks throughout
until such time as the Treasury needs the funds for its opera-
the country.
tions.
In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
Deposits to tax and loan accounts occur in the normal
economy.
course of business under a uniform procedure applicable to all
A detailed description of the Treasury's depositary system
banks whereby customers of banks deposit with them tax pay-
ments and funds for the purchase of Government securities.
may be found in the Annual Report of the Secretary of the
In most oases the transaction involves merely the transfer of
Treasury for 1955, pages 275-28^.
money from a customer's account to the tax and loan account in
Table
1. -
Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal year
or month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
498
410
4,082
8,218
535
504
408
612
806
3,7U
Gold
balance
in
Treasury
Total
operating
balance
Sliver
balance,
coinage
metal,
coin, and
currency
5,069
111
104
107
110
103
107
7,390
6,569
7,503
4,697
1966-Jamiary
February
March. .
April
823
805
521
512
June
902
766
105
105
108
105
102
102
4,288
May
3,360
4,399
4,444
4,491
6,003
10,050
5,309
5,074
5,107
7,007
10,917
586
586
570
572
612
775
July
1,232
5,147
102
6,481
772
.
.
5,693
5,392
Source:
Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
1/
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, 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."
shown under assets. Treasurer's checks outstanding are included
5,590
9,749
5,350 g/
8,005
6,694
10,430
12,116
11,036
12,610
12,407
189
145
220
188
182
247
268
291
312
291
274
257
8,486
7,627
8,637
5,786
6,759
6,582
8,486
7,627
8,637
5,786
6,759
6,582
64
93
234
216
217
647
182
370
310
281
236
347
212
252
5,506
6,479
6,255
6,708
8,077
12,407
5,506
6,479
6,255
6,708
8,077
12,407
102
230
209
7,794
7,794
58
55
93
158
34
2/
U7
313
360
320
252
74 2/
2/
6,037
9,990
5,451
8,092
6,769
10,509
12,116
11,036
12,610
12,407
89
87
6,333
5,548
6,394
3,534
4,872
4,577
August. .
September
October.
November
December
Total
In other
depositaries assets
440
365
429
375
335
79
62
51
57
73
129
947
916
1,002
1,053
719
708
1%5-July
11,469
10,917
Reserve
Banks in
process of
collection
Balance in
Liabilities account of
1/
Treasurer
of United
States
302
287
273
337
222
303
342
234
233
370
559
561
551
553
538
558
939
672
766
5,969
9,548
11,251
10,238
etc.
37
49
63
58
64
70
6,458
5,453
8,815
10,324
9,180
10,689
10,050
9,030
4,380
7,068
Unclassified
collections,
190
259
306
253
179
147
136
145
534
775
489
401
101
106
109
121
120
120
108
102
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
In Federal
Ul
240
100 2/
87
75
79
through June 1958, after which they are included in the balance in
(See footnote 2).
the 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 1966
25
.
Table
2.
-
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
2,976
2,82A
2,668
2,679
2,787
2,725
2,699
2,760
2,635
2,70i
1957
1958
1959
I960
1961
1962
1963
196/i
1965
1966
1965^uly
August. .
September
October. .
November.
December.
.
.
229
210
193
196
200
211
1966-January.
February ,
March
April
May
June
261
218
265
246
242
232
July
242
.
Retirement
plan
bonds 2/
Tax
anticipation
securities
5,043
2,922
7,581
7,784
7,613
5,898
2,963
During period
6,568
13,513
13,164
7,920
1,788
3,774
3,830
2,0U
2,340
7,368
1,627
1,627
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 securities
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.
Retirement plan bonds first offered for sale as of January 1, 1963.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
26,709
27,881
29,190
33,059
34,511
37,519
41,267
43,580
42,475
48,478
4,152
7,903
s/
2/
End of
period
High
U8
55,044
58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
46,000
50,908
62,994
54,782
56,847
53,076
56,085
59,421
58,540
75,338
1,924
1,764
5,752
8,536
5,337
7,592
6,159
53
4,374
5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522
74
4,223
76
45,
Average
4,082
8,218
3,744
6,458
5,453
8,815
10,324
9,180
10,689
10,050
6,078
8,869
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
813
1,078
912
1,390
1,161
1,531
2,535
1,577
6,120
6,537
7,690
8,198
6,253
6,453
6,333
5,548
6,394
3,534
4,872
4,577
11,274
6,521
6,948
6,001
5,186
5,124
6,U5
5,197
1,806
2,533
1,427
1,253
8,104
5,962
4,349
4,431
2,881
3,401
3,360
4,399
4,491
6,003
10,050
4,581
4,856
5,101
4,491
6,715
10,050
1,374
2,382
1,002
447
4,347
1,700
3,120
3,630
3,252
2,269
5,677
4,812
5,147
9,979
5,147
6,917
1,447
5,721
5,133
1,256
6,540
7,158
2,193
2,612
743
2,626
4,114
7,526
10,016
5,591
4,900
7,546
4,067
6,013
5,969
4,470
128
4,840
9,743
Source:
1/
Total
credits
^
1,462
5,542
4,120
1,134
4,940
4,024
3,931
2,452
985
Income (by
special
arrangement)
Hitheld
and
excise 2/
Withdrawals
4/
»
5,939
7,591
4,4U
1,8U
447
2,987
3,246
3,638
4,103
4,151
4,457
5,325
4,747
5,431
4,324
March 194.8; 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 periods of heavy tax payments.
Less than $500,000.
Treasury Bulletin
26
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table
3.
-
Summary
of
Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
.
.
,
.
,
August 1966
27
MONETARY STATISTICS
Table
1. -
Money
in Circulation
(In millions of dollars except per capita figures
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
133
120
110
100
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
92
85
78
1965- June
,
July
August.
September,
October,
November.
December.
.
.
1966- January
February
March. ...
April. ...
May
June
.
Silver
certificates
62
33
59
57
56
5i
53
32
31
30
30
29
20
19
4
2,162
2,200
2,155
2,127
2,094
2,009
1,847
1,723
829
582
13
1,232
bi,
37
36
22
21
70
23
73
68
1964-December.
Gold
certificates 2/
National
b.nk
notes
13
Currencies presently
being issued l/
Federal
Reserve
notes 2/
Treasury
notes of
1890
United
States
notes
38
37
37
37
321
317
316
318
36
36
18
18
4
318
318
319
321
302
1
Federal
Reserve
notes
^
303
26,291
26,304
26,992
27,057
27,316
28,586
30,274
32,338
34,820
37,315
29,040
29,071
29,699
29,726
29,943
31,117
32,592
34,529
36,058
38,290
299
34,573
36,
36,058
13
829
302
34,820
68
67
67
67
66
66
22
22
22
22
13
13
13
13
22
13
13
299
302
302
301
305
299
35,016
22
786
753
722
698
681
651
66
66
22
22
22
22
22
21
13
13
13
13
13
4
629
619
609
597
291
294
296
298
302
303
68
65
65
65
64
591
582
Total
currencies
2U
Treasury Bulletin
28
DEBT OUTSTANDING
Table
1. -
Summary
of Federal Securities
(In millions of dollars)
End of
fiscal year
or month
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
Public
debt 2/
Total 1/
Guaranteed
securities
Total
Public
debt
Guaranteed
securities
Special notes to
Total
Total
Matured
International
Monetary
Fund
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
270 634
276 ,U4
284 ,817
286 ,471
289 ,211
298 ,645
306 ,466
312 526
317 ,864
320 ,369
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
1965-July
August ....
September
October.
November
December.
317,056
318,742
317,270
319,394
322,176
321,359
1966-January
February
March
April
May
June
.
.
.
.
.
.
July
140
240
444
607
813
590
462
268,592
274,798
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
106
101
110
139
240
444
605
812
316,582
318,240
316,748
318,901
321,711
320,904
474
502
522
493
465
455
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
470
499
3U,557
322,419
323,746
321,454
320,051
322,825
320,369
322,003
323,311
320,999
319,583
322,359
319,907
416
435
456
468
466
462
319,768
319,280
489
107
101
111
589
460
2.
-
2,042
1,646
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
"3,907
4,357
4,163
4,477
InterAmerican
Development Bank
295
292
308
115
129
142
138
64
125
150
150
132
444
430
417
407
396
484
420
480
414
359
3,462
3,434
3,494
3,489
3,470
3,470
138
138
118
118
100
100
150
150
150
150
150
150
394
394
393
393
391
391
U2
392
372
373
371
476
445
349
438
310
58
55
4,384
317,357
316,515
490
462
453
4,388
4,345
4,355
4,389
240
227
234
195
244
278
318,012
319,354
317,036
315,686
318,392
315,892
317,599
318,921
316,582
315,219
317,927
315,431
413
433
454
467
464
460
4,407
4,392
4,418
4,366
4,433
4,477
4,404
4,391
4,417
4,364
4,432
4,476
230
246
245
197
233
308
3,558
3,548
3,592
3,597
3,627
3,614
82
82
64
64
64
64
142
142
136
136
132
315,368
314,88c
488
4,401
4,400
202
3,680
45
126
519
J/
4/
^
4,3U
Other
1,068
618
1,979
2,238
2,496
2,667
2,922
3,289
3,167
3,614
529
597
4,388
4,346
4,391
4,347
4,357
4,391
Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Table
2,042
1,646
2,873
3,090
3,300
3,759
International
Development
Association
Guaranteed
securities 2/
(matured)
373
359
347
Treasury (see Table 6)
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C. Armory Board stadium bonds.
For current month detail, see "Statutory Debt Limitation," Table 2.
Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
Amount
outstanding
End of
fiscal year
or month
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Public debt
and guaranteed securities 1/
268,592
274,798
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Non-
Bills Certificates
1/
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
7,328
7,248
8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
7,325
7,245
8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
2.730
2.638
2.867
3.297
3.072
3.240
3.361
3.561
3.678
3.988
2.730
2.638
2.867
3.297
3.072
3.239
3.360
3.560
3.678
3.988
2.707
2.546
2.891
3.449
3.063
3.285
3.425
3.659
3.800
4.134
3.197
1.033
3.316
3.815
2.584
2.926
3.081
3.729
4.064
4.845
312,197
313,896
312,359
11,
UO
317,357
316.515
11,530
11,487
11,607
11,796
11,846
11,423
11,512
11,468
11,590
11,779
11,830
3.675
3.683
3.688
3.702
3.730
3.756
3.675
3.683
3.688
3.702
3.730
3.756
3.795
3.800
3.807
3.821
3.857
3.890
4.047
4.047
4.074
4.097
4.154
4.273
June
318,012
319,354
317,036
315,686
318,392
315,892
317.599
318,921
316,582
315,219
317,927
315,431
11,998
12,265
12,429
12,306
12,564
12,533
11,983
12,249
12,412
12,289
12,547
12,516
3.792
3.860
3.940
3.918
3.967
3.988
3.793
3.861
3.941
3.919
3.967
3.988
3.934
4,026
4.059
4.071
4.130
4.134
4.395
4.522
4.671
4.710
4.780
4.845
July.
315,368
314,880
12,537
12,520
3.996
281,
9U
283,380
285,911
294,886
302,559
308, It^
313,702
315,892
1965-July
August ....
September.
October,
November
.
.
Decenber.
'1966-January.
February
March
April,
May
.
.
312,667
3U,396
312,879
315,047
317,819
316,968
3U,557
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 amount 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
Special
issues
market-
Total
2/
3.345
3.330
2.342
4.721
3.073
3.377
3.283
4.851
4.851
4.851
4.851
4.851
4.851
4.851
Treasury
bonds
able
issues
Guaranteed
securities
1/
4'''
2.504
2.806
3.304
4.058
3.704
3.680
3.921
3.854
3.842
4.321
2.482
2.576
2.619
2.639
2.829
3.122
3.344
3.471
3.642
3.655
2.853
2.892
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
2.635
2.630
2.694
2.772
2.803
2.891
3.003
3.238
3.372
3.693
2.611
2.622
2.628
2.681
3.1A4
3.500
3.658
3.782
3.660
3.632
3.842
3.848
3.848
3.860
3.934
3.933
3.642
3.652
3.652
3.652
3.652
3.653
3.491
3.506
3.510
3.519
3.523
3.530
3.367
3.398
3.382
3.383
3.397
3.412
3.580
3.615
3.640
3.620
3.603
3.593
3.932
4.162
4.158
4.164
4.321
4.321
3.653
3.654
3.654
3.655
3.654
3.655
3.534
3.537
3.862
3.708
3.713
3.713
3.429
3.472
3.488
3.455
3.552
3.693
3.555
3.573
3.598
3.625
3.631
3.632
4.321
3.655
3.717
3.690
3.673
3.996
4.U5 4.889 4.850
interest charge for the total, or for any group of issues, by the
principal
December
amount.
Beginning
with
data
for
corresponding
31,
1958, the computation is 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.
1/ Guaranteed securities included are those held outside the Treasury.
2/ Total includes "Other bonds" through 1960; see Table 3.
2/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
,..
.
August 1966
29
DEBT OUTSTANDING
Table
3.
-
Interest-Bearing Public Debt
(in millions of dollars)
Public issues
End of
fiscal year
or month
Total
interestbearing
public
debt
Marketable
Total
public
Issues
Total
Bills
Certificates
20,473
32,920
33,843
17,650
13,338
13,547
22,169
268,486
274,693
281,833
283,241
285,672
294,4A2
301,954
307,357
313,113
315,431
221,658
228,452
237,078
238,342
240,629
249,503
257,153
260,729
264,463
264,311
155,705
166,675
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
23,420
22,406
32,017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
1965-July
August. . .
September.
October. .
November.
December.
312,197
313,896
312,359
314,557
317,357
316,515
264,408
264,116
264,290
267,600
270,304
270,260
208,664
208,402
208,381
212,097
214,619
214,604
53,662
53,657
53,655
57,660
60,172
60,177
1%6-January.
317, 599
273,243
273,139
270,623
270,298
269,122
264,311
217,656
217,690
215,150
215„004
213,764
209,127
209,108
61,589
62,002
59,481
59,477
59,454
54,929
1,652
54,931
1,652
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
..
February.
March
April
May
June
July
318,921
316,582
315,219
317,927
315,431
314,880
264,184
No nmarke table
Treasury
1,652
1,652
1,652
1,652
1,652
1,652
Treasury
4.
-
savings investbonds
ment
series
65,953
61,777
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
54,622
51,984
50,503
67,284
52,549
50,649
80,839
90,932
84,853
81,297
80,830
75,025
81,964
88,464
102,481
101,897
49,299
50,043
50,537
11,135
9,621
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
52,549
50,435
50,444
50,175
50,215
50,227
102,452
104,310
104,282
104,262
104,232
104,201
55,
7U
55,714
55,909
55,503
55,685
55,655
50,119
50,155
50,180
50,259
50,320
50,324
3,255
3,252
3,243
2,816
2,809
2,797
50,244
50,881
50,891
50,793
50,647
50,649
50,650
104,171
103,155
103,126
103,083
102,011
101,897
55,587
55,449
55,473
55,293
55,358
55,183
50,319
50,335
50,383
50,420
50,483
50,537
101,874
55,075
50,606
30,973
20,416
27,
3U
51,483
56,257
65,464
52,
U5
Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U. S. dollars-
Table
Total
bonds 1/
Source:
Daily Treasury statement.
1/ Includes $50 million of Panajna Canal bonds for fiscal years 1957-60.
2/
bonds,
^
^
47,
47,
5U
5U
47,607
48,
3H
Depositary
bonds
196
171
183
170
117
138
103
103
Foreign
series
securities 2/
Foreign
currency
series
securi-
Other
4/
Special
Issues
ties 2/
46,827
46,246
44,756
U,899
19
25
45,043
29
68
44,801
46,627
48,650
51,120
860
648
392
1,132
817
75
630
832
1,137
Ul
957
137
49
919
864
1,0U
49
49
49
1,034
1,164
1,144
141
136
136
136
136
134
47,789
49,780
48
1,259
1,259
1,259
1,208
1,208
1,208
2,780
2,774
2,757
2,704
2,694
2,692
47
47
47
47
45
44
1,099
999
1,039
949
992
135
136
140
143
137
137
44,356
45,781
45,959
817
1,207
1,157
1,107
1,031
1,007
957
2,691
44
747
884
104
50,696
59
44
51
U,939
48, 0^
46,957
47,052.
46,255
U,921
48,805
51,120
Consists of the dollar equivalent of Treasury certificates of
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes Treasury bonds. Rural Electrification Administration series
beginning July I960; retirement plan bonds beginning January 1963;
Treasury certificates; and Treasury bonds.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
J/
(In million of dollars)
End of
fiscal year
or month
Maturity classes
Amount
Outstanding
Within
1 year
1 - 5
5
years
years
- 10
10 - 20
years
Average length
20 years
and over
4 yrs.
yrs.
yrs,
yrs.
yrs.
yrs,
yrs,
yrs,
yrs,
yrs.
9 mos.
3 mos,
7 mos.
4 mos,
6 mos.
11 mos.
1 mo,
mo,
4 mos.
11 mos,
yrs.
yrs,
yrs.
yrs,
yrs.
yrs.
3 mas.
3 mos,
3 mos,
1 mos.
mos,
mos.
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
155,705
166,675
178,027
133,845
187,148
196,072
203,508
206,489
208,695
209,127
71,952
67,782
72,958
70,467
81,120
88,442
85,294
81,424
87,637
89,136
40,669
42,557
58,304
72,844
58,400
57,041
58,026
65,453
56,198
60,933
12,328
21,476
17,052
20,246
26,435
26,049
37,385
34,929
39,169
33,596
26,407
27,652
21,625
12,630
10,233
9,319
8,360
8,355
8,439
4,3*9
7,208
8,088
7,658
10,960
15,221
14,444
16,328
17,241
17,023
1965-July
August, . .
September,
October, ,
November ,
December.
208,664
208,402
208,381
212,097
87,635
214,604
96,491
93,392
93,396
56,192
55,266
55,264
54,952
60,593
60,602
39,166
35,032
35,027
35,024
35,021
35,013
8,448
8,448
8,447
8,446
8,446
8,445
17,222
17,210
17,199
17,184
17,167
17,148
1966-January. .
February,
96,461
94,226
91,704
91,820
92,231
89,136
60,608
62,893
64,306
64,076
62,453
60,933
35,013
35,008
33,607
33,603
33,600
33,596
8,444
8,443
June
217,656
217,690
215,150
215,004
213,764
209,127
8,441
8,440
8,439
17,131
17,120
17,092
17,065
17,040
17,023
4
4
4
4
4
4
July.
209,108
89,138
60,932
33,592
8,439
17,007
4 yrs.
March
April
May
Source:
1/
2U,619
92,
92,
U6
4U
Office of Debt Analysis in the Office of the Secretary,
All issues are classified to final maturity except partially tajt-exempt
8,U9
8,4y
5
4
4
4
4
5
5
5
4
yrs,
yrs,
yrs.
yrs,
yrs,
yrs.
10
11
11
10
11
11
mos,
mos,
DOS,
mos,
mos*
mos,
10 mos.
bonds which have been classified to earliest call date. The last of these
bonds were called on August 14, 1962, for redemption on December 15, 1962.
Treasury Bulletin
30
DKBT OUTSTANDING
Table
5.
-
Special Public Debt Issues to United States Government Investment Accounts
.
.
-
'
August 1966
31
,
Table
6.
-
DEBT OUTSTANDING
,
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
Secretary:
Farmers
Home
Administration
programs
2/
Housing and Urban
Development Department
Ex port
Import
Federal
Bank of
National
Secretary
WashMortgage
Other
ington
Associ6/
2/
ation
International
Development 1/
Commodity
Credit
Coropration
Rural
Electrification
Administration
28,354
26,964
1,198
1,188
1,164
1,138
1,107
1,062
807
735
712
689
13,383
11,528
12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
2,519
2,728
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
265
256
323
369
456
854
1,027
1,170
1,235
1,436
1,205
1,528
1,937
1,636
1,698
1,830
1,476
830
513
178
282
476
730
977
1,213
1,567
2,005
2,302
2,753
3,133
1,741
1,502
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
25,697
26,612
27,254
27,752
27,023
27,458
712
712
712
712
712
701
10,803
11,532
11,947
11,086
11,494
4,075
4,170
4,170
4,170
4,290
4,203
1,237
1,256
1,265
1,382
1,399
1,404
336
367
365
416
687
700
2,803
2,838
2,956
2,956
3,006
2,989
1,668
1,672
1,768
1,739
1,778
1,902
May
June
27,518
27,302
27,614
27,340
27,454
26,964
701
701
701
701
701
689
11,740
11,826
11,962
11,636
11,751
11,768
4,203
4,203
4,313
4,313
4,313
4,234
1,435
1,459
1,484
1,490
1,494
1,436
676
334
346
470
547
178
3,015
2,861
2,886
2,940
3,025
3,133
1,665
1,838
1,364
1,732
1,564
1,466
10
10
10
10
10
10
July
24,710
688
8,984
4,234
1,445
225
3,228
1,894
10
End of
fiscal year
or month
Total
22,731
21,859
25,343
25,636
26,011
28,634
29,166
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
29,2a
1965^uly
August. ..
September
October.
November.
December.
1966-Januar7.
February.
March ....
April. .
.
12,
3U
^
Source:
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances 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 1965
Annual Report of the Secretary of the Treasury, pages 787-90, and the
1965 Combined Statement of Receipts, Expenditures and Balances of the
United States Government, pages 531-533.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties. The obligation 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."
2/ Farm housing end other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund)
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
4/ Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans.
^/
6/
2/
32
32
25
10
48
97
112
118
121
121
123
123
124
125
Veterans'
Administration:
Direct
Authorloan
Ity
program
Tennessee
Valley
Under
Defense
Production
other
8/
Act
of 1950
7/
1,294
1,723
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
21
18
22
21
22
50
85
95
100
733
780
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
124
124
124
124
124
124
95
95
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,73Q
2,063
2,063
2,063
2,053
2,053
2,053
51
53
54
56
124
124
125
125
125
125
125
100
100
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,053
2,048
2,023
2,023
2,023
2,023
66
68
69
70
71
72
100
1,730
1,975
22
29
35
51
72
55
58
Consists of liabilities taken over by the Association from the
Secretary 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.
Public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration)
the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1959-61 and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
;
8/
41
35
27
29
Saint
Lavrence
Seaway
Development
Corporation
Treasury Bulletin
32
.
Table
7.
-
DEBT OUTSTANDING
Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(in millions of dollars)
End of
fiscal year
or month
1957
1958
1959
1960
1961
Total
5,013
5,^23
6,708
8,407
7,765
9,332
10,192
11,865
13,460
17,666r
1962
1963
1964
1965
1966
1965- July
August.
September
October.
November.
December.
.
Banks for
cooperatives
179
199
284
330
382
430
459
498
686
844
13,591
14,035
13,965
14,021
686
710
708
U,223
787
796
14,086
7U
Federal
home loan
banks \/
3,269
145
145
180
225
23 5r
4,807
5,057
5,046
5,021
5,221
5,221
2,546
2,627
2,603
2,501
2,386
2,235
3,532
3,612
3,612
3,671
3,671
3,710
1,795
1,804
1,756
1,845
1,918
1,884
225
225
240
240
240
240
2,342
2,404
2,470
2,602
2,744
2,853
3,710
3,813
3,813
3,813
3,980
4,105
2,338
2,397
2,648
2,820
3,144
3,269
240
245
245
285r
2,935
4,212
3,058
285
8U
5,068
5,050
5,060
5,435
5,895
6,309
July
17,928
844
6,594
.
All other
issues
Tennessee
Valley
Authority
1,552
1,646
1,888
2,137
2,357
2,550
2,725
2,973
3,532
4,105
796
819
819
858
834
.
Management
and liquidating issues
924
1,159
1,456
1,600
1,723
1,855
2,133
2,315
2,462
2,853
14,494
14,723
15,055
15,773
16,843
17,666r
.
Federal land
banks 2/
738
456
992
1,259
1,055
1,797
2,770
4,201
4,757
6,309
1966- January.
February.
March.
April.
May
June
.
Federal National
Mortgage Association
Federal
Intermediate
credit banks
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/
570
797
797
797
1,050
1,165
1,290
2,284
2,198
2,556
1,960
1,698
1,797
50
240
245
The proprietary interest of the United States in these banks ended in
June 1947. Excludes securities which are issued for use as collateral
for coimnercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
r
Revised.
August 1966
33
.STATOTORT DEBT LIMnATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
$285 billion outstanding at any one time.
billion has been authorized through June 30, 1967
by an act approved June 30, 1959, provides that the face amount
to $330
of securities issued under authority of that act, and the face
(act of June
amount of securities guaranteed as to principal and interest
by the United States (except guaranteed securities held by the
A tenporary increase
2^.,
1966).
For a legislative history of the public debt limitation,
see the Annual Report of the Secretary of the Treasury.
Secretary of the Treasury) shall not exceed in the aggregate
Table
1. -
Status Under Limitation July
31,
1966
(In millions of dollars)
Maximum amount of debt which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as incresed temporarily by the act of June 2A, 1966
330,000
Amount outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed debt of U.S. Government agencies
319,013
^89
Total amount outstanding subject to statutory debt limitation
319,502
Balance issuable under limitation
Table
10 498
2.
Application of Limitation to Public Debt and Guaranteed Debt
Outstanding July 31, 1966
(
In millions of dollars)
Classification
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
Public debt :
Interest-bearing debts
Public issues marketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
—
Total public issues
— marketable
54,931
1,652
50,650
101,874
54,931
1,652
50,650
101,874
209,108
209,108
235
393
338
235
393
338
174
490
174
490
60
4
50,606
16
44
—
Public issues nonmarketable:
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes, Foreign series
Treasury bonds:
Foreign series
Foreign currency series
Treasury certificates
Treasury bonds
U.S. savings bonds
U.S. retirement plan bonds
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds, investment series
Total public issues
— nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing debt
Matured debt on which interest has ceased
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund Series
International Development Association Series
Inter-American Development Bank Series
Special bonds of the United States:
U.N. Special Fund Series
U S. savings stamps
Excess profits tax refund bonds
U.S. notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve bank notes.
Other debt bearing no interest
.
Total debt bearing no interest
Total public debt
Guaranteed debt of U.S. Government agencies:
Interest-bearing debt
Matured debt on which interest has ceased
Total guaranteed debt of U.S. Government agencies
Total public debt and guaranteed debt
Source:
Daily Treasury statement.
60
4
50,606
16
U
2,691
24
24
2,691
55,075
55,075
50,696
50,696
314,880
314,880
199
202
3,680
45
127
3,680
45
127
28
55
1
28
55
1
166
86
166
86
11
11
3,934
264
4,198
319,013
266
319,280
488
488
1
1
4,?Q
489
319,502
266
319,768
Treasury Bulletin]
34
PUBLIC DEBT OPERATIONS
Table
1. -
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1966
Other than Regular Weekly and Annual Treasury Bills
.
.
.
August 1966
35
PUBLIC DEBT OPERATIONS.
Table
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1966
Other than Regular Weekly and Annual Treasury Bills - (Continued)
1.
-
(In millions of dollars)
Amount of maturities
Amount of maturities
Year
and
month
of final
U.S. Govt.
Description
investment
accounts and
Federal Reserve Banks
maturity
1/
1970
Feb...
Apr ....
Year
and
Held by
Bond
2/15/70
4,381
2-1/2%
Bond
3/15/65-70
2,313
1-1/2%
Note
i/l/70-EA
429
All
other
investors
3,952
1973
Aug.
406
1%
Bond
8/15/70
4,129
Oct.
1-1/2%
Note
lO/l/70-EO
113
Nov...
5%
Note
1V15/70-A
7,675
1,383
6,292
18,700
2,907
15,793
1,397
372
Total.
Mar...
2-1/2%
Bond
3/15/66-71
Apr
1-1/2%
Note
W71-EA
i%
Bond
8/15/71
2,806
596
3-7/8%
Bond
11/15/71
2,760
406
6,978
1,374
2/15/72
2,3W
247
6/15/67-72
1,270
124
8/15/72
2,579
493
Aug
Nov.
.
.
Total.
1972
Feb
June.
.
Aug
i%
Bond
2-1/2%
Bond
S
Bond
-
15
Sept.
2-1/2%
Bond
-
9/15/67-72
1,952
80
Dec...
2-1/2%
Bond
-
12/15/67-72
2,666
220
10,810
1,163
Total.
3,723
113
1971
.
U.S. Govt,
Description
.
Total
4%
Bond
8/15/73
4-1/8%
Bond
11/15/73
Total
Aug
.
.
1,625
1974
Feb.
.
Held by -
month
of final
maturity
1/
3,894
4,356
3,250
investment
accounts and
Federal Reserve Banks
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table
2.
-
,
Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Regular weekly bills;
1966-Apr.
7
Apr.
U
1966-July
Oct.
Apr. 21
Apr. 28
May
5
May
12
May
19
May
26
June
2
June
9
June 16
June 23
June 30
July
7
July 14
July 21
July 28
Tax anticipation bills;
1965-Oct. 11
V
One-year bills:
1965-Apr. 30...
May 28
June 30
July 31
Aug. 31
Sept. 30
Oct. 31
Nov. 30
Dec. 31
1966-Jan. 31
Feb. 28
Mar. 31
Apr. 30
May 31
June 30
July 31
,
,
,
,
,
Number of
days to
maturity 1/
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
.
)
August 1966
yj
PUBLIC DEBT OPERATIONS
Table
2.
-
Offerings of Treasury Bills
Average price
per hundred
Regular weekly bills:
Equivalent average
rate 6/
(
(Continued)
On competitive bids accepted
On total bids accepted
Issue date
-
High
Price per hundred
Equivalent rate 6/
Price per hundred
(Percent)
Percent
Equivalent rate 6/
(
Percent)
7
J98.855
|_97.6U
4.531
4.719
98.860
97.616
7/
8/
4.510
4.716
98.852
97.613
4.542
4.722
Apr.
U
{98.833
4.617
4.763
98.839
97.599
2/
4.593
4.749
98.827
97.588
4.640
4.771
Apr.
21
4.664
4.754
98.825 10/
97.599
4.648
4.749
98.819
97.594
4.672
4.759
Apr.
28
1_97.609
4.630
4.730
98.834
97.616 11/
4.613
4.716
98.827
97.606
4.640
4.735
1966-Apr
1^97.592
198.821
1.97.597
f98.830
May
5
193.819
|97.582
4.673
4.782
98.824 12/
97.592 11/
4.652
4.763
98.815
97.574
4.688
4.799
12
J98.830
|97.56i
4.630
4.818
98.832
97.579 14/
4.621
4.789
98.826
97.561
4.6U
May
98.836
97.568
4.605
4.811
98.827
97.556
4.640
4.834
(98. 831
4.824
May
19
197.562
4.626
4.823
May
26
{98.828
197.542
4.638
4.835
98.834
97.548
4.613
4.824
98.824
97.538
4.652
4.843
r98.827
|_97.560
4.641
4.826
98.832
97.561
4.621
4.824
98.823
97.558
4.656
4.830
June
2
June
9
June
16
June
23
June
30
J98.879
July
IV
f98.8/U
4.573
98.855
j_97.602
4.7U
97.
6U
4.530
4.720
f98.8U
4.575
4.708
98.852
97.624
4.542
4.700
4.470
4.591
98.880
97.688 16/
4.431
4.573
1_97.669
4.435
4.610
98.887 17/
97.686 18/
4.403
4.577
7
{98.804
197.515
4.731
4.915
98.822 12/
97.542 20/
4.660
4.862
July
K
{98.768
197.473
4.875
4.999
98.793 21/
97.506
4.775
4.933
July
21
{98.737
\97.424
4.998
5.096
98.743
97.431
4.973
5.082
July
28
{98.782
197.513
4.819
4.919
98.790
97.528
4.787
4.890
198.298
[97.221
3.783
3.941
98.318 22/
97.260 22/
3.738
3.883
97.623
98.002
4.075
4.281
97.638 21J
98.008 2y
4.049
4.269
95.949
95.991
96.140
96.072
95.938
95.705
95.750
95.664
95.203
95.236
94.986
95.195
95.161
94.965
95.238
94.967
3.996
3.954
3.807
3.875
4.006
4.236
4.192
4.277
4.731
4.699
4.945
4.739
4.773
4.966
4.697
4.964
95.951
95.994
96.157
96.086
95.950
95.722
95.758
95.681
95.215
95.250
95.007
95.215
95.184
94.986
95.306
94.991
3.994
3.951
3.790
3.860
3.995
4.219
184
260
719
685
925
719
4.750
4.945
4.630
4.940
\ 97. 620
(98.870
\97.679
Tax anticipation bills
1965-Oct.
11
2/
Qne-year bills;
1965- Apr.
30
May
28
June
30
July
31
Aug.
31
Sept.
30
Oct.
31
Nov.
30
Dec.
31
1966-Jan.
31
Feb.
28
Mar.
31
Apr.
30
May
31
June
30
July
31
26/
22/
28/
22/
iO/
ii/
12/
11/
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money Financing through
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
Issue
date
Maturity
date
1/
.
)
.
August 1966
39
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Billsi/- (Continued)
(Dollar amounts in millions)
Description of Issue
Number of
days to
maturity
Maturity
Issue
date
date
Average rate
on bids
accepted S/
Amount
of bids
tendered
Amount
of bids
accepted
t2,212
1,202
*1,301
700
2.930
3.008
$200
New money
increase, or
decrease (-)
(Percent
19 62- July
5..
ri962-0ctober
11963-January
3
91
182
July
12..
ri962-0ctober
'|l963-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
19..
ri962-0otober
1l963-January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
200
]J.963-Jaiiuary
25
24
91
182
2,127
1,362
1,298
703
2.892
3.103
1
31
91
182
2,161
1,576
1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
15
\l963-February
M
91
182
2,078
1,766
1,301
704
2.867
3.060
204
fl962-November
11963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
100
100
ri962-0ctober
July
26..
August
2.,
Jl962-November
11963-January
August
9.
fl%2-November
\l963-February
August
16.
August
23.
August
30.
September
6,
September
13.
September
20.
September
27.
October
4.
/l%2-November
1,196 3-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
fl962-December
\1963Jfarch
6
7
91
182
2,054
1,332
1,301
700
2.8X
fl%2-December
13
91
182
2,377
1,291
1,301
701
2.789
2.911
101
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
fl962-November
\l963-March
fl%2-December
\l963-Uarch
fl%2-December
\l963-March
11,
91
182
2,011
1,505
1,300
701
2.752
2.902
100
4
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
{January
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
102
f
\
October
October
18.
April
f
25.
\
November
1.
I
\
November
f
8,
I
November
15
J
I
November
23.
J
1.
November
29-
Dec ember
6«
December
13,
December
20-
December
1963-January
January
27.
3i.
10,
April
18.,
25..
31
91
182
2,207
1,573
1,301
701
2.686
2.775
101
91
182
2,249
1,761
1,301
702
2.841
2.927
101
2,325
1,436
1,302
701
2.801
2.846
103
90
2
February
May
9
7
February
W
May
16
91
182
Febriiary
21
23
181
2,409
1,274
1,300
800
2.833
2.892
199
91
183
2,042
1,528
1,300
801
2.853
2.936
199
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
14
13
91
182
1,973
1,321
1,301
801
,807
,861
101
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
91
183
2,220
1,340
1,301
801
2.926
2.966
101
5
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
June
September
27
26
91
182
2,133
1,459
1,301
800
2.919
2,977
92
92
182
2,081
1,454
1,300
800
2.922
2.982
98
2,292
1,553
1,302
801
2.913
2.978
102
May
(March
June
(March
June
J
March
\
June
f
March
1
Jxme
{April
July
f
r
\
f
f
f
1
Footnotes at end or table.
January
May
28
\
April
1,301
700
.31
\
April
2,133
1,394
February
r
11.
91
182
May
28..
4.
24
25
I
\
April
January
April
2.742
2.828
f
I
March
M
2.977
ri963-January
April
\
October
199
7
4
July
October
5
July
October
11
10
91
182
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
July
October
25
24
91
182
2,259
1,670
1,300
801
2.884
2.982
99
3
(Continued on following page)
Treasury Btilletin
40
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money Financing through Regular Weekly Treasury
Billsl/- (Continued)
(Dollar amoiints in millions)
Description of issue
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
* 2,054
1,668
11,302
31
91
182
801
2.897
2.989
»i01
August
November
8
7
91
2,119
182
1,715
1,301
802
2.905
2.993
100
August
November
15
U
91
2,397
182
1,583
1,302
801
2.903
2.990
98
Jigfe^-February
91
182
2,321
1,431
1,202
May
20
21
800
3.524
3.660
-99
29.
February
May
27
28
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
21.
August
NoTCBber
20
19
91
2,258
1,633
1,202
182
900
3.482
3.598
101
August
November
27
27
183
2,073
1,709
1,200
900
3.476
3.595
97
Number of
days to
maturity
Mfiturlty
Issue
date
date
(Percent
1963-UBy
2.
May
9.
Uay
16.
|l963-August
October
1
f
1
f
\
November
21
1
November
I96i-May
May
28.
July
16.
1
91
October
1965-January
15
U
91
182
2,123
1,409
1,202
902
3.448
3.549
103
i964.-October
1965-Jamiary
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
i964-0otober
1965-January
29
28
91
182
2,204.
1,889
1,201
902
3.475
3.591
101
September 10^
L96^-December
1965-Maroh
10
11
91
182
2,169
1,464
1,302
901
3.514
3.649
101
September 17,
196^- December
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
1965-March
25
91
182
2,200
1,624
1,302
901
3.542
3.692
101
1964-December
1965-April
31
1
91
182
2,086
1,451
1,301
900
3.711
.
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
99
28.
April
July
29
29
91
182
2,185
2,465
1,203
1,003
3.848
3.946
104
May
August
6
5
91
182
2,226
2,470
1,203
1,004
3.888
3.968
105
11.
May
August
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3.987
100
18.
May
August
20
19
91
182
2,074
2,lo2
1,200
1,000
3.936
4.015
98
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.989
4.043
102
3
2
91
182
2,359
2,304
1,200
1,000
3.982
4.037
100
23
91
182
2,368
2,024
1,203
1,000
3.922
3.984
94
30
91
182
2,061
1,938
1,200
1,002
3.921
3.993
102
200
July
July
23.
30.
1964--Deceinber
September 24.
October
1965-January
January
February
February
February
February
March
March
April
April
April
1966-January
'
1.
21
4^.
,
25,
4.
June
September
25,.
June
September
1..
JulT
September
1
3.555-
100
8.,
July
October
8
7
91
182
2,281
2,188
1,202
1,001
3.942
3.993
15..
July
October
15
U
91
182
2,336
1,832
1,201
1,001
7
7
91
182
1,966
1,933
1,304
1,003
3.937
3.991
4.532
4.718
2,258
2,004
1,302
1,000
4.585
4.737
102
6.
1966- April
July
97
105
January
13
.
April
July
14
14
91
182
January
20
.
April
July
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4.770
97
January
27 .
April
July
28
28
91
182
2,084
2,305
1,301
1,000
4.596
4.699
101
Footnotes at end of table.
(Continued on follovring page)
August 1966
41
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Bills i/- (Continued)
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip-
Attcjust
1966
43
PUBLIC DEBT OPERATIONS.
Table
Date subscrip-
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table
Date subscription books
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
45
August 1966
PUBLIC DEBT OPERATIONS
Table
Date subscription books
4.
-
,
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts
26/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates, $14 million of
the 3-5/8$ notes, and $64 million of the 3-7/8? bonds.
Subscriptions
were permitted to be made with payment in cash or in
22/
the 4? notes or 3-1/4? notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
28/ Consists of allotments on subscriptions from holders of Treasury
notes maturing Axigust 15, 1962.
22/ 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
accoiuits, 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.
20/ 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 4-1/4? bonds were allotted in full.
il/
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).
22/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4? notes
and $320 million of the 4? bonds.
12/ Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8? certificates, $1 million of
the 3-1/2? notes, and $6 million of the 4? bonds.
2i/ Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
22/ 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 4? 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? bonds and $101,825 for the 4? bonds.
26/ 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 4? coition, resulting in a net basis cost to
the Treasury of 4.008210?, calculated to maturity.
22/ Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates and $15 million
of the 3-3/4? bonds
28/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8? notes,
$29.6 million of the 3-7/8? bonds of 1971, $151.9 million of the
3-7/8? bonds of 1974, and $123.9 million of the 4? bonds of 1980.
22/ 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? coupon, resulting in a net basis,
cost to the Treasury of 4.093145?, calculated to maturity.
^0/ Includes $3,327 million allotted to Federal Reserve Banks ana Government investment accounts of the 3-1/4? certificates, and $85 million
of the 3-5/8? notes,
ii/ 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
a/
$4,149 million allotted to Federal Reserve Banks and Government investment accounts.
A2/ One-year bills issued monthly beginning September 3, 1963.
AA/ In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8? bonds of 1968, and $171 million of the 4? bonds of
1973.
A5/ Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 17).
ib/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
A2/ Subscriptions were permitted to be made with payment in cash or in
3-1/8? certificates or 4-7/8? notes, both maturing November 15, 1963
(see Table 7, footnote 18).
a/ Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15 1963.
^*^*^'' political subdivisions or instrumentalities
?he?e^''^™°j;?-^™'°
thereof public pension and retirement
and other public funds, interorganizations in which the United States
holds membership,
rlllTJ^
^^ ^°^"'^ ^*^*^==' <^^^™"™t investment '
fcco^s'^nd'Ti
accounts and the Federal Reserve Banks,
as provided in the offering
*^'3°^ -"^^"^ ^^ "^^-^ «^l°"ed in full
,^Sb-^
IZ
scriptions
subject to allotment totaled $15
762 million- those un to
25/
51/
^2/
52/
iV
12/
1^
22/
58/
60/
61/
62/
63/
64/
65/
66/
67/
68/
62/
70/
71/
72/
73/
74/
75/
'°^f
^^^°^^-^ w^rr^Stted
b^t'<?':?°°-"!-?-^"°"^^^'?-^i^
S'prr^enf
in no case less xhan
^
-
$100,000
Issued to replace the one-year
bills matirlr,; TantmT»ir
1
S
(Continued)
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8? notes.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4? notes and $29 million of the 4-1/4?
bonds
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4? bonds of
1987-92, and $4 million of the 4-1/8? bonds of 1973.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
Subscriptions were permitted to be made with payment in cash or in 5?
notes or 3-3/4? notes, both maturing August 15, 1964 (see Table 7
footnote 22).
Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
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
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no case less than $100,000.
Subscriptions were permitted to be made with payment in cash or in
4-7/8? notes or 3-3/4? notes, both maturing November 15, 1964 (See
Table 7, footnote 24).
Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15. 1964.
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
circulars, totaled $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million: those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $322 million of the 4? bonds of
1970, $325 million of the 4-1/8? bonds of 1974, and $55 million of
the 4-1/4? bonds of 1987-92.
Subscriptions were permitted to be made with parent in cash or in
2-5/8? bonds maturing February 15, 1965 (see Table 7, footnote 26).
Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
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 $582 million and, as provided In
the offering circulars, were allotted in full where the subscriber
made the required certification of oimership of bonds maturing
February 15, 1965.
Subscriptions subject to allotment totaled $10,054
million:
those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000,
Includes $4,253 million allotted to Federal Reserve Banks and Government
investment accounts of the 4? notes and $65 million of the 4-1/4? bonds
Includes $3,051 million allotted to Federal Reserve Banks and Government
Investment accounts of the 4? notes and $1,076 million of the 4? bonds.
Subscriptions were permitted to be made with payment in cash or in
3-1/2? notes or 4? notes, both maturing November 15, 1965 (See Table
7, footnote 28)
Consists of allotments on subscriptions from holders of Treasury
notes maturing Noveaiber 15, 1965.
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 forei^ States, Government investment
accounts and the Federal Reserve Banks, totaled $7,169 million and,
as provided in the offering circulars, were alloted in full where
the subscriber made the required certification of ownership of notes
maturing November 15, 1965. Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less than
$200,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14.5 percent but in no case less
than $50,000.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accoxints $1,250
million of the 4-7/8? notes and $1,121 million of the 5? notes.
Includes $6,685 million allotted to Federal Reserve Banks and
Government investment accounts.
Includes $4,431 million allotted to Federal Reserve Banks and Government investment accounts of the 5-1/4? certificates and $1,519 million
of the 5-1/4? notes.
'
22/
,
T/
-
76/
August 1966
47
PUBLIC DEBT OPERATIONS
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table
-
5.
Securities Issued in
Amount
Issued
(In millions)
Securities Issued
Date Issued!
Advance Refunding Operations
Adjustment payments
at issue (per $100
of face value)
1/
By
Treasury
3-5/858
*960
2,275
206
845
2/15/67-B
Note
To
Treasury
Effective
interest
rate g/
$0.50
0.10
0.30
0.10
-
(Continued)
Investment
yield i/
Eligible securities exchanged
3.76*
3.65
3.71
3.65
3.65
3.64
3.63
1.10
0.70
0.90
0.70
4.02
3.97
4.00
3.97
3.97
3.97
3.96
3.96
3-l/2i6
2-1/256
1.50
1.70
4.04
4.08
3.875
3.97
3.98
3.98
3.97
3.97
3-1/2*
0.40
4.07
4.04
4.06
4.04
4.08
4.11
3.96
4.03
4.04
4.04
4.04
4.03
4.04
4.04
4.03
4.03
0.65
1.60
0.95
4.01
4.23
4.08
500
1.15
4.U
214
782
621
340
721
716
2.10
4.26
4.18
4.16
4.22
4.07
4.12
3.6556
3-1/256
2-1/256
3-1/356
356
Certificate
Bond
Certificate
Bond
8/15/63-C
8/15/63
11/15/63-D
2/15/64
Certificate
Bond
Certificate
Bond
8/15/63-C
8/15/63
11/15/63-D
2/15/64
4,287
3-7/856
Bond
693
532
94
196
11/15/71 i/
3-1/8J6
3*
1,515
3/15/63
3-7/8%
Bond
-
11/15/74
V
'
136
314
251
373
0.90
3-5/856
3%
3-3/856
Note
Note
Bond
Bond
-
ll/15/65-B
2/15/66-B
8/15/66
11/15/66
1,074
17
49
2
4)6
Bond
2/15/80
V
24
195
420
210
213
0.90
0.50
0.70
0.50
1.00
1.20
$0.50
3*
3-1/2*
3-5/8*
3*
3-3/8*
Certificate
Bond
Certificate
Bond
Note
Note
Bond
Bond
8/15/63-C
8/15/63
ll/15/63-D
2/15/64
ll/15/65-B
4.02
4.02
4.02
3-1/4*
4-3/4*
3-3/4*
Certificate
Note
Note
5/15/64-B
5/15/64-A
5/15/64-D
4.15
,U
3-1/4*
4-3/4*
3-3/4*
3-3/4*
4*
3-5/8*
3-3/4*
Certificate
Note
Note
Bond
Note
Note
Note
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
4.20
4.26
4.22
4.21
4.24
4.17
4.20
4.21
4.20
4.20
4.21
4.21
4.21
4.20
3-1/4*
4-3/4*
3-3/4*
3-3/4*
4*
3-5/8*
3-3/4*
Certificate
Note
Note
Bond
Note
Note
Note
5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
8/15/66-A
2/15/67-B
8/15/67-A
4.17
4.29
4.17
4.33
3.96
4.32
4.16
4.15
4.16
4.15
4.15
4.16
3-3/4*
5*
3-3/4*
4-7/8*
2-5/8*
4-5/8*
Note
Note
Note
Note
Bond
Note
8/15/64-E
8/15/64-B
11/15/64-F
ll/15/64-C
2/15/65
5/15/65-A
4.25
4.30
4.25
4.32
4.17
4.32
4.25
4.25
4.25
4.25
4.25
4.25
3-3/4*
Note
Note
Note
Note
Bond
Note
8/15/64-E
8/15/64-B
ll/15/64-F
11/15/64-C
2/15/65
5/15/65-A
3-1/256
2-1/2*
3-1/8*
•2/15/66-B
8/15/66
11/15/66
1,131
3-7/856
Bond
620
194
777
11/15/68
1,591
A%
Bond
8/15/73
9/15/63
1.45
1.15
1.80
0.40
0.70
,U
,15
.15
,15
3,894
375
125
317
4-1/8)6
Bond
5/15/89-94
V
1.35
2.30
lU
1.65
1.35
105
91
132
2.00
0.60
0.90
1,260
4!6
Bond
8/15/70
V
694
165
278
211
654
221
0.95
1.65
0.95
1.85
0.25
1.80
2,223
l/2?/64
4-1/456
Bond
5/15/75-85 4/
239
106
158
117
0.05
0.75
0.05
0.95
1.15
53
76
0.90
748
Footnotes at end of table.
(Continued on following page)
5*
3-3/4*
4-7/8*
2-5/8*
4-5/8*
August 1966
49
PUBLIC DEBT OPERATIONS
Table
5.
-
Securities Issued in Advance Refunding Operations
-
(Continued)
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table
6.
-
,
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills ^
(In millions of dollars)
Issue
j
August 1966
51
PUBLIC DEBT OPERATIONS.
Table
6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills 1/ - (Continued)
(
Issue
In millions of dollars)
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table
6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills i/- (Continued)
(In millions of dollars)
Issue
53
August 1966
PUBLIC DEBT OPERATIONS
Table
7.
-
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or maturing securities 1/
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
3%
Bond
2/15/64
2-5/8% Bond
2-1/2% Bond
2/U/58
3,854
1,154
4%
Bond
8/15/71
[1,651
r4%
563
4%
Bond
Bond
8/15/71
2/15/80 11/
(',-1/2% Bond
i_j-l/2% Bond
2/15/90 11/
11/15/98 li/
3,854
2/15/65
6/15/58
6,896
6,896
6/15/67-72
6/1/45
1,757
1,757
233
181
1
2-1/2% Bond
9/15/67-72
10/20/41
2,716
2,716
345
420
[3-1/2% Bond
[3-1/2% Bond
2/15/90 11/
11/15/98 11/
2-1/2% Bond
12/15/67-72
11/15/45
3,515
3,515
322
333
[3-1/2% Bond
[3-1/2% Bond
2/15/90 11/
11/15/98 11/
18,739
18,739
5,202
[2,806 of 4% Bond
563 of 4% Bond
900 of 3-1/2% Bond
933 of 3-1/2% Bond-
3/15/71
2/15/80 11/
2/15/90 11/
11/15/93 11/
Total
2.484% Bill
3/23/62
7/26/61
3,503
3,503 8/
2.827% Bill
4/15/62
4/15/61
2,000
2,000
y
3%
Certificate -
5/15/62
5/15/61
5,509
5,509
3,807
1,138
465
99
4%
Note
5/15/62
4/14/60
2,211
2,211
923
842
284
157
423
2-1/4% Bond
6/15/62
6/1/45
Total.
3,963
3,963
1,951
1,134
455
11,684
11,684
11,004
2.705% Bill
6/22/62
9/27/61
2,511
2, 511
8/
2.908% Bill
7/15/62
7/15/61
2,004
2,004
y
Note
8/15/62
9/26/57
158
3-1/4% Note
8/15/62
2/15/61
7,325
3-1/4% Certificate
3-5/8% Note
3-7/3% Bond
'3-1/4% Certificate - 5/15/63-B
3-5/8% Note
_3-7/8% Bond
158
154
3-1/2% Certificate - 8/15/63-C
Bond
2/15/69
4%
-3/15/87-92
4-1/4% Bond
3,534
3-1/2% Certificate - 3/15/63-C
Bond
2/15/69
4%
-8/15/37-92
4-1/4% Bond
.
3,780
7,325
6
5
Total.
7,483
r.
3-1/2% Certificate
2/15/63-A
2/15/62
6,862
7,483 12/
3,688
3,795
772
2/15/63-A
4/15/58
2,839
|1,093
259
3-1/4% Note
2/15/63-E
11/15/61
3,642
981
402
3-1/4% Certificate
5/15/63-B
5/15/62
6,686
3-1/4% Note
5/15/63-D
5/15/61
5,047
Note
5/15/63-B
4/1/59
1,743
\
15/
4%
Total
2.896% Bill
-
9/21/62
3/23/62
1,302
-
10/1/62-EO
10/1/57
590
2.975% Bill
-
10/15/62
10/16/61
2,003
1,301
720
181
379
6,000
15/
3,000
26,820
1-1/2% Note
Footnotes at end of table.
953
449
J
1,302 8/
590
2,003 2/
|7,860
yj
3-3/4% Note
Bond
4%
370
2-5/8% Note
- 2/15/66-B
11/15/71
3-1/4% Certificate - 5/15/63-B
- 2/15/66-B
3-5/8% Note
3-7/8% Bond
11/15/71
6,686 of 3-1/4% Certificate
3,114 of 3-5/3% Note
1,204 of 3-7/8% Bond
2
IS
5/15/63-B
2/15/66-B
11/15/71
i
August 1966
55
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing securities 1/
Issue
date
Description
.
3-3/4* Note
11/15/62-C
3-1/4* Note
11/15/62-H
2-1/4* Bond
12/15/59-62
2-3/4* Bond
'-
-
12/15/60-65
W
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Turned
in for
cash 2/
Description of new
security offered
(See also Table 4)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
August 1966
57
PUBLIC DEBT OPERATIONS
7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Table
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table
7.
-
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
-
(Continued)
August 1966
59
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by lYeasury
Called or maturing securities 1/
Date of
refiinding
or retire-
Issue
date
Description
ment
3-5/8$ Note
3-l/B% Note
1-1/2$ Note
2/15/66-B
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
(In millions of dollars)
r 487p
2,195
5/15/62
2,195
2/15/66-C
8/15/64
2,597
2,597
4/1/66-EA
4/1/61
675
675
8/15/67-E
11/15/70-A
|l21p
[4-7/8$ Note
Note
1 5$
8/15/67-E
11/15/70-A
174p
350p
]l51p
r4-7/8$ Note
Note
[5$
510p
J238p
fiL456p
U,019p
I
Total
[4-7/8$ Note
Note
l_5$
[1,470?
f
5,467
5,Ub7
4,957p
l,230p
2/15/66
Note
5/15/66-D
11/15/64
9,519
9,519
3-3/4$ Bond
5/15/66
11/15/60
1,688
1,688
657p
A%
Note
8/15/66-A
2/15/62
11,060
11,060
2,624p
3$
Bond
8/15/66
2/28/58
4$
6/;
Description of new
security offered
(See also Table A)
Turned
in for
cash 2/
1,024
1,024
324p
Total
23,291
23,291
4,836p
Grand total.
28,758
28,758
9,793p
510p
802p
f2,117p of 4-7/8$ Note
Note
[7,675p of 5$
y
4.062$ Bill
2/28/66
2/28/65
1,001
1,001
3.783$ Bill
3/22/66
10/11/65
3,009
3,009 a/
3/31/66
3.987$ Bill
3/31/66
3/31/65
1,000
1.000 1/
i/1/66
1-1/2$ Note
4/1/66-EA
4/1/61
151
151
3:
Bill
4/31/66
4/30/65
1,001
1.001
IS
Note
5/15/66-D
11/15/64
8,289
8,289
7,486p
3-31 IS Bond
5/15/66
11/15/60
1,028
1,028
649p
379p
9,316
9,316
8,135p
l,181p
8,436
5,602p
2,310p
524P
15-1/4$ Cert.
15-1/4$ Note
700
268p
271p
16lp
5-1/4$ Cert.
5-1/4$ Note
9,136
9,136
8,452p
684p
\
Total.
y
5/31/66
3.954$ Bill
5/31/66
5/31/65
1,001
1,001 3/
6/22/66
3.941$ Bill
4.075$ Bill
4.281$ Bill
6/22/66
6/22/66
6/22/66
10/11/65
10/11/65
10/11/65
1,003
2,513
1,007
6/30/66
3.807$ Bill
6/30/66
6/30/65
1,001
1,003 8/
2,513 8/
1,007 I?
1,001 3j
7/31/66
3.875$ Bill
7/31/66
7/31/65
1,000
1,000
Note
8/15/66-A
2/15/62
8,436
8/15/66
2/28/58
4$
3$
Total.
8/15/66
^J\ 3-3/8$
11/15/66-A
1/19/66
1,652
1,652
517p
11/15/66-E
2/15/65
2,254
2,254
586p
Bond
11/15/66
3/15/61
1,851
1,851
582p
5,757
5,757
l,686p
U,893
14,893
10,138p
Total
Grand total.
Footnotes on following page.
-7/8$ Note
11/15/67-F
y
Note
4-3/4$ Cert.
4$
8/15/67-E
11/15/70-A
11/15/70-A
5$
2/28/66
5/15/66
-
r2,JJ.7p of 4-7/8$ Note
Note
|_2,840p of 5$
3/22/66
4/30/66
-
-
8/15/67-A
5/15/71-A
'5,871p of 5-1/4$ Cert.
2,581p of 5-1/4$ Note
5-1/4$ Note
684p
8/15/67-A
5/15/71-A
5/15/71-A
5,871p of 5-1/4$ Cert.
4,267p of 5-1/4$ Note
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Footnotes to Table
Daily Treasury statement; Bureau of the Public Debt.
Source:
1/ Original call and maturity dates are used.
Banks.
2/ All by investors other than Federal Reserve
2/ Rolled over into a one-year bill (see Table 4).
offered preemptive
i/ Holders of the maturing certificates were not
rights to exchange their holdings, but were permitted to present
for the 3-\/i,%
in
part,
whole
or
them in payment or exchange, in
notes offered in the amount of around ?6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8^ certificates over allotments of new
securities on subscriptions from holders of those certificates (see
^
Table i, footnotes 6 and 7).
Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the aeeurlties surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
From March 20 through March 22, 1961, owners of 2-\/lS bonds of June
15, 1959-62, 2-l/4i6 bonds of December 15, 1959-62, 2-5/8^ notes
maturing February 15, 1963, and 2-1/2^ bonds maturing August 15, 1%3,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8% 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 suhscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
8/ Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
2/ Holders of the maturing certificates and 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
$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
iQ/
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
Reopening of an earlier issue.
$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
U/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were pennitted 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
U/
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28).
ly 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, 3-1/4% 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 I4, 1962, for redenption on December 15, 1962.
12/ Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 45).
18/ 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
$7,600 million offering of 3-7/8% notes. For detail of offering, see
Table 4.
Excess
of maturing 3-1/8% certificates and 4-7/8% notes over allot12/
ments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 47 and 48).
20/
21/
22/
U
23/
24/
25/
U
w
26/
7
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50).
From January 13 through January 17, 1964, owners of seciirities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-5/8% bonds),
and May 15, 1965 (4-5/8% notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limitation. For allotment details see Table 4, footnote 52.
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-7/8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4)
footnotes 59 and 60)
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 4% notes offered in the
For detail of offering, see Table 4.
amount of about $9 1/4 billion.
Excess of maturing 4-7/8% notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4, footnotes 62 and 63).
Holders of the maturing bonds 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 4% notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.
Excess of maturing 2-5/8% bonds over allotments of the new security
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
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 $9,700 million offering of 4-1/4% notes. For detail of offering, see Table 4.
Excess of maturing 3-1/2% notes and 4% notes over allotments of new
securities on subscriptions from holders of those notes (See Table 4,
footnotes 71 and 72).
,
27/
28/
22/
Preliminary.
p
Note:
Information on retirement of tax anticipation issues referred to
in footnote 8, in millions of dollars:
Date of
retirement
August 1966
61
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table
8.
-
Foreign Series
Securities
(Nonmarketable)
- (Continued)
Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)
August 1966
63
PUBLIC DEBT OPERATIONS.
Table
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
8.
-
(Payable in U.
S.
Dollars)
Treasury Bulletin
64
PUBLIC DEBT OPERATIONS,
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries -(Continued)
(Payable In U. S. Dollars)
August 1966
65
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Treasury Bulletin
66
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
iu^ust
1966
67
PUBLIC DEBT OPERATIONS
Table
Month of
activity
9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Treasury Bulletin
68
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
August 1966
69
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Treasury Bulletin
70
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold. Series E has been on sale since May 1, 13^1,
and Series H has been on sale since June 1, 1952. Series
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951, May I952, May 1957, Octo-
A-D were sold from March 1, 1935, through April 30, 19^1.
Series F and G were sold from May 1, 19'+1. through April
Table
1952. Series J and K were sold from Maiy 1, 1952 througn
30,
ber and December 1959j
and May and October I961.
Sales and Redemptions by Series, Cumulative through July
1. -
1966
31,
(In millions of dollars;
Amount outstanding
Series
Series
Series
Series
Series
A-D 2/.
E and H
F and G
J and K
Sales plus
accrued
discount
Sales 1/
Accrued
discount
3,949
130,224
28,396
3,556
1,054
23,586
1,125
186
5,003
153,810
29,521
3,742
4,994
104,012
29,454
2,917
166,124
25,951
192,075
141,377
Total A-K
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Table
2.
-
Sales and
Redemptions }/
Interestbearing debt
Matured
noninte restbearing debt
49,798
67
16
50,606
93
Footnotes at end of Table 4.
Redemptions by
Periods, All Series
Combined
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Fiscal years;
1935-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Calendar years
1935-1956
1957
1958
1959
I960
Accrued
discount
Sales plus
accrued
discount
120,095
4,881
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
12,289
1,216
1,226
1,228
1,240
1,286
1,358
1,408
1,476
1,517
1,554
132,384
6,097
5,896
5,734
5,547
5,749
5,780
5,926
6,132
6,060
6,204
74,527
8,953
8,544
7,249
8,557
5,819
5,716
122,565
4,605
4,689
4,320
4,350
4,539
4,278
4,760
4,609
4,486
12,897
1,216
1,235
1,221
1,262
1,322
1,397
1,423
1,508
1,527
135,462
5,541
5,612
5,861
5,675
78,444
9,630
7,255
8,772
6,732
5,595
5,602
6,183
6,117
5,021
5,252
6,013
5,441
5,273
5,164
5,340
5,724
Amount outstanding
Sales
price 2/
Accrued
discount 3/
Interestbearing debt
Matured
noninte restbearing debt
69,191
8,055
7,671
6,377
7,542
57,497
4,792
5,336
903
873
872
1,015
781
782
791
781
85s
932
360
374
364
331
280
240
211
157
139
110
95
72,713
8,674
6,450
7,763
5,730
956
805
1,009
5,033
4,934
4,482
4,383
54,622'
51,984
50,503
47,544
47,514
47,607
48,3U
49,299
50,043
50,537
:
1961
1962
1963
1964
1965
,
5,821
5,924
5,851
881
4,842
4,792
4,259
4,445
4,552
754
810
762
807
889
56,293
52,474
51,192
48,154
47,159
47,458
47,535
48,827
49,734
50,324
725
734
686
494
368
335
331
201
158
Ul
Months
388
148
371
117
130
1965-July
August.
September
October.
November.
December.
1966-January
February.
March.
April
May
June
473
345
457
426
413
397
151
536
489
473
483
455
469
624
126
128
120
117
146
471
585
546
530
543
653
460
543
513
472
491
July
411
154
566
499
.
.
.
.
.
.
.
342
369
338
329
113
117
140
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
463
456
451
406
396
420
387
385
380
342
334
353
527
386
456
430
399
413
421
75
71
71
64
62
68
125
74
87
83
73
78
79
Footnotes at end of Table 4.
50,119
50,155
50,180
50,259
50,320
50,324
50,319
50,335
50,383
50,420
50,483
50,537
50,606
107
104
101
99
96
141
117
111
105
102
98
95
93
..
:
,.
.
.,
August 1966
71
.UNITKD STATES SAVINGS BONDS.
Table
3.
-
Sales and
Redemptions by Periods,
(
Period
Sales 1/
Accmed
discount
Series
E through K
In millions of dollars)
Redemptions 1/
Sales plus
accrued
discount
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
40,929
41,498
Matured
noninterestbearing debt
Series E and H combined
Fiscal years;
19^1-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Calendar years:
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,3S6
1,458
1,502
1,542
94,761
5,746
5,831
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
4,609
4,486
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
97,625
1965-July
August. .
September.
October.
November.
December.
388
371
342
369
338
329
146
116
129
112
116
1966- January .
April
Hay
June
473
345
457
426
413
397
150
125
127
119
117
H5
545
530
542
July
411
153
565
Months
5,680
5,501
5,717
5,753
5,904
6,114
6,045
6,192
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
6,000
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
4,736
4,987
5,305
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
3,982
4,154
4,408
3,794
732
755
797
886
721
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
5,117
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,061
4,254
4,122
435
430
429
332
372
394
362
362
360
321
313
329
73
68
69
62
60
65
48,894
48,951
48,994
49,093
49,175
49,249
608
419
493
466
430
122
71
84
79
70
U5
i86
349
410
386
360
371
74
49,263
49,314
49,405
49,485
49,585
49,682
449
373
75
49,798
731
742
754
833
897
783
727
883
794
703
754
733
780
863
42,
U2
42,716
42,715
43,806
44,955
46,359
47,737
48,795
49,682
41,398
41,578
42,589
42,559
43,137
U,485
45,499
47,106
48,366
49,249
:
.
.
.
February
March
.
139
535
488
472
482
454
468
622
470
584
Series
Fiscal years;
1941-1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Calendar years;
W41-1956
31 ,683
937
268
83
65
54
98
46
32
27
22
18
32
27
22
18
15
12
15
12
74
58
52
38
29
,
54
46
31 ,853
1957
1958
1959
I960
1961
1962
1963
1964
1965
32,619
352
65
25
19
16
14
32,833
172
58
52
38
29
25
19
16
14
F,
G,
J,
15,739
3,774
3,350
2,137
3,049
1,188
1,110
771
426
358
418
17,257
4,153
2,395
3,246
1,732
1,108
963
462
410
323
ana K combined
y
6/
7/
8/
1/
2/
5/
^7/
2/8/
8/2/
2/^
4/
15,239
3,605
3,235
2,063
2,921
1,129
1,059
722
400
333
384
500
169
116
74
128
16,692
3,982
2,318
3,122
1,646
1,058
909
434
383
297
565
171
77
125
86
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
1,563
1,248
856
312
335
331
303
257
222
196
144
127
50
14,895
10,896
8,603
5,594
4,022
2,973
681
698
655
468
348
318
316
188
59
51
49
27
24
35
55
2,0^36
28
27
26
1,721
1,368
1,075
2
1,225
1,204
1,185
1,166
1,145
1,075
99
86
U7
131
Months
1965 July
August. .
September.
October. .
November.
December.
28
25
22
23
24
26
25
23
20
21
22
24
1966-January
February
March.
April
May
June
45
41
41
3
1,055
107
37
46
44
3
1,021
978
935
897
856
102
96
92
88
86
.
.
.
.
.
July
Footnotes at end of Table 4.
50
2
2
2
2
3
4
47
42
46
39
3
42
4
51
47
3
(Continued on following page)
4
96
93
91
89
86
131
84
Treasury Bulletin
72
UNITED STATES SAVINGS BONDS.
Table
3.
-
K
Redemptions by Periods, Series E through
Sales and
(
-
(Continued)
In millions of dollars)
Redemptions 1/
Sales 1/
Period
Fiscal years:
1941-1956..
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
.
.
.
Accrued
discount
Sales plus
accrued
discount
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
4,112
4,246
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
91,536
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
4,092
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
94,038
351
341
315
146
116
129
112
116
139
497
457
444
455
426
433
317
407
387
375
364
150
125
127
119
117
582
441
534
506
372
5,052
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,514
5,787
Total
Sales
.price 3/
Accrued
discount 3/
53,638
4,981
4,951
4,889
5,131
4,394
4,343
4,203
4,363
4,538
4,801
49,844
4,243
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,904
3,794
732
755
797
886
721
713
742
754
833
897
55,951
5,220
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
3,787
4,122
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
201
188
219
191
206
188
212
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
41,853
278
212
199
208
198
190
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
41.504
Calendar years:
Wil-Wi
1957
1958
1959
1960
1961
1962
1963
1964
1965
Months
,
5,018
4,979
4,767
4,856
5,003
4,996
5,589
5,623
5,606
4,658
5,225
4,729
4,249
4,349
4,229
4,425
4,650
783
727
883
794
703
754
733
780
863
:
l%5July
August.
September,
October.
November
December.
.
.
1966-January.
February
March.
April
.
.
.
May
June
July
,
342
310
305
U3
18
16
15
16
14
12
41,159
41,209
41,257
41,353
275
291
73
68
69
62
60
65
568
372
446
122
41 ,497
301
71
UO
84
79
70
74
22
14
25
75
398
391
382
343
335
357
324
323
313
281
145
493
509
405
357
345
317
331
153
525
406
331
424
387
41 ,430
41,504
21
41,552
41,620
41,684
41,768
n9
41,853
18
Series H
Fiscal years:
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Calendar years
1952-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
.
1966-January.
February
March. .
April. . .
May
June
July
Source:
3,225
694
782
818
704
775
747
604
521
431
404
194
196
236
217
322
233
260
298
373
449
504
194
196
236
217
322
233
260
298
373
449
504
3,587
631
887
722
718
828
654
3,587
631
887
722
718
828
654
277
248
198
294
267
235
287
328
416
467
201
188
2;9
191
206
188
212
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
7,716
7,829
278
212
199
208
198
190
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,744
:
Months:
1965-July
August.
September
October.
November.
December.
.
3,225
694
782
818
704
775
747
604
521
431
404
575
575
277
248
198
294
267
235
287
328
477
394
477
394
416
467
38
30
27
28
25
38
30
28
27
28
25
37
39
47
39
38
38
37
39
47
39
38
40
29
40
29
40
48
40
48
50
50
53
53
14
25
40
38
33
40
38
33
39
42
42
40
42
42
40
19
42
42
28
39
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary,
38
Footnotes at end of Table 4*
18
16
15
16
7,735
7,742
7,737
14
12
7,745
7,744
22
7,767
7,762
7,785
7,801
7,817
7,829
18
21
7,741
7,848
;
.
.
.
August 1966
73
.UHITED STATES SAVHJGS BONDS.
Table
4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total 1/
Total
Unmatured
Series E
and H
Series E
and H
Other
Unclassified
10/
Fiscal years;
6,137
5,109
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Calendar years:
1951...;
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
817
792
5,621
1,761
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
2,747
3,941
4,263
4,115
3,730
5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
38
702
1,128
1,487
1,826
1,917
1,971
4,126
2,673
2,593
2,250
2,057
2,184
2,253
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
772
1,015
254
968
2,318
1,328
1,500
2,047
3,621
3,171
4,230
4,246
4,156
3,393
1,891
2,084
1,691
4,701
2,433
3,033
2,555
2,387
2,043
1,9U
2,171
2,148
1,633
1,656
1,617
1,889
1,932
779
90
633
1,260
2,115
2,345
2,144
1,824
1,625
1,822
940
925
657
304
246
280
518
47
990
1,672
2,183
2,355
2,072
1,702
1/
V
6/
7/
8/
2/
V
2,268 6/
1,089 6/ 7/
922 7/ i/
730 8/ 2/
426 2/
282
216
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
3,088
3,284
3,300
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
2,875
2,812
2,94B
3,165
3,196
4,914
4,025
3,799
3,057
3,666
3,899
5,207
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,841
4,520
3,091
3,445
3,938
3,100
3,002
3,114
2,899
2,827
2,905
3,026
3,176
4,541
3,358
3,070
2,951
3,031
3,157
3,287
1,042
1,012
904
874
619
682
1,526
1,5U
543
1,356
283
196
139
140
118
104
1,097
929
917
593
689
979
1,886
750
1,075
825
201
175
125
131
111
19
1
«
179
-84
116
185
75
-150
-210
-212
53
73
19
-121
172
-37
34
31
757
-595
120
266
22
-449
-239
-60
213
-52
-76
6
Months
1965-July
August.
.
September
October
November
December.
.
1966-January .
February.
March.
463
456
451
406
396
420
151
199
159
162
174
145
139
I84
144
148
158
131
653
460
195
May
June
543
513
472
491
294
226
199
190
172
130
260
194
160
153
July
499
176
145
.
.
April. ...
161
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Mote:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current reden^tion
value.
Series G, H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and reden^tion figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2) Series F and J bonds for Series H bonds beginning
January I960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
Details by series on a cumulative basis and by periods for Series A-D
2/
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
Because there is a normal lag in classifying reden^tions, the distribu3/
tion of redemptions between sales price and accrued discount has been
estimated.
Beginning with the Treasiiry Bulletin of March 1961 the
12
15
233
316
15
14
261
263
16
14
285
237
232
304
252
254
278
229
23
302
160
295
150
10
39
36
355
335
278
273
345
325
268
264
10
10
10
9
156
139
-105
-48
-5
28
30
262
252
10
62
30
33
32
Source:
4/
^
6/
7/
3/
2^
10/
•
1
13
10
9
7
7
7
78
-60
30
-19
-63
39
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redenqjtions. All periods shown have been
revised on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
savings bonds for 3-1/45K
Includes exchanges of Series 1941 F and
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3^45^ marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4^ marketable
bonds of 1969.
Includes exchanges of Series 1950 F and C bonds for 3-7/81 marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8it
marketable bonds of 1971 and 4$ marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
Treasury Bulletin
74
.UNITED STATES SAVINGS BONDS.
Table
5.
-
Sales and
(
Period
Total all
denominations
»10 2/
H
Redemptions by Denominations, Series E and
»25
In
1/
Combined
thousands of pieces)
»50
$100
$75 2/
$200 4/
t500
$1,000
9,726
27,839
1,320
1,304
1,212
1,165
1,201
1,186
1,233
1,220
1,087
1,101
29,373
1,396
1,413
1,340
1,230
1,299
1,237
1,270
1,214
1,033
1,042
155
51'2
1,257
1,302
1,141
1,173
1,247
1,098
1,325
1,151
1,044
30,076
1,305
1,454
1,243
1,238
1,346
1,127
1,357
1,117
973
169
25
38
$5,000
Sales 7/
Fiscal years:
1941-56
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966p
Calendar years
19U-56.
1957
1958
1959
I960
1961
1962
1963
1964
1965
Months:
1965-July
August
September.
October. .
November.
December.
1966- January. .
February..
March
April
May p
June p
Inception to date p.
1,786,661
90,160
89,431
85,882
85,607
86,495
86,479
89,627
96,609
99,560
103,500
1.830,857
90,856
86,676
84,945
86,659
85,757
87,094
94,123
98,414
100,657
21,076
21,076
1,211,994
56,327
54,908
52,895
52,972
53,453
53,010
54,629
59,230
60,928
63,430
286,552
20,256
21,043
20,108
20,220
20,434
20,901
21,903
23,442
23,947
24,704
199,879
9,969
9,824
9,477
9,208
9,273
9,286
9,623
10,324
10,409
10,714
135
1,141
1,469
851
893
798
774
789
813
928
1,006
982
1,010
632
1,322
204,850
9,846
9,690
9,241
9,184
9,322
9,196
10,162
10,445
10,366
10,159
887
823
775
768
816
799
1,019
1,000
970
4,830
2,009
1,986
1,951
115
113
112
86b
855
829
32
79
72
95
90
75
89
35
67
5,744
4,782
4,895
2,097
1,919
1,901
114
111
113
869
78
818
792
78
72
68
64
10,644
7,336
9,608
6,708
4,414
5,757
2,423
1,779
2,354
144
106
137
1,048
794
1,033
9,033
8,567
8,787
5,551
5,103
5,329
;,09;
13;
2^109
133
138
939
936
934
1,773,776
503,511
2,745
8,553
8,234
7,939
9,051
7,844
7,903
2,700,013
21,076
1,239,510
56,361
53,200
52,452
53,910
52,528
53,503
57,391
60,217
61,841
296,431
21,166
20,152
20,050
20,347
21,329
22,828
23,816
24,106
5,293
5,023
20,
U7
28,
75
70
29
33
35
27
31
30
25
22
18
17
30
27
34
27
24
20
17
2
1
1
1
1
61
1
111
85
113
2
99
100
110
84
112
108
2
97
93
109
95
108
104
87
2
297,985
18,572
39,868
U,847
421
118,957
3,598
633
639
675
725
616
653
601
648
694
756
13,360
1,354
1,320
1,301
1,351
1,076
1,077
1,005
1,051
1,070
1,113
13,120
1,485
1,464
1,451
1,567
1,139
1,126
1,023
1,088
9
9
9
15
10
10
12
15
1,122
1,182
19
22
3,890
666
627
722
657
609
653
615
670
715
14,479
1,408
1,250
1,368
1,201
1,045
1,070
1,008
1,067
1,080
13,778
1,578
1,365
1,575
1,334
1,098
1,108
1,037
1,111
1,136
12
62
93
91
93
92
91
2
2
2
69
96
73
1
2
1
Redemptions 7/
Fiscal years:
1941-56.... ....
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966P
Calendar years
1941-56.
1957
1958
1959
I960
1961
1962
1963
1964
1965
Month s;
1965-July
August. . .
September.
October. ..
November.
December
1966-January. .
February.
March
April.
May p.
June p.
Inception to date p.
Note:
1/
2/
3/
1,319,012
93,175
93,452
88,647
90,748
85,077
83,804
83,469
87,242
90,012
94,718
18,609
321
231
177
144
101
78
62
54
1,363,947
96,384
88,902
90,083
87,819
82,762
84,285
84,965
88,054
92,532
18,774
7,822
8,052
7,858
4
6,977
6,915
7,289
3
9,447
7,284
8,700
51
47
952,334
60,612
59,880
56,036
56,796
54,280
52,958
53,018
55,264
56,736
59,233
198,518
18,165
19,467
18,598
19,507
18,654
18,746
19,022
20,034
20,
7U
21,947
10 590
,
10,433
10,394
10,634
9,197
9,150
8,715
9,080
9,322
9,822
245
585
11
56,389
55,552
52,626
53,231
54,055
55,682
58,045
207,148
19,777
18,296
19,150
19,089
18,346
19,006
19,402
20,204
21,330
4,905
5,133
4,946
1,798
1,819
1,829
38
41
U
123,891
10,961
10,075
10,696
9,848
8,937
9,129
8,771
9,180
9,533
821
809
795
1,618
1,578
1,648
41
44
46
714
691
717
54
81
3
4,381
4,387
4,654
53
53
77
80
82
80
86
2
2
2
6
4
5,675
4,512
54
1,122
744
892
90
5,415
2,204
1,733
2,047
44
4
136
89
102
158
97
111
2
2
2
8,370
7,821
8,178
4
5,172
4,919
5,132
1,990
1,793
1,890
59
882
799
837
67
66
95
90
92
99
94
94
2
3
3
2,209,355
19,875
1,517,148
393,402
830
10,238
25,580
25,773
142
280
197
161
122
87
71
58
50
50
4
4
3
981,968
61,695
57,080
65
434
58
57
60
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasury statement
and reports from Federal Reserve banks and the Bureau of the Public Debt.
Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000.
Sales «ere authorized in June 1944, to Armed Forces only, and discontinued after March 31, 1950.
Sales began on May 1, 1964.
216,295
61
58
58
68
64
12
9
14
12
9
12
13
18
20
2
2
^
^
Sales began in October 1945.
Sales of $10,000 denomination Series E bonds were authorized on May
6/
Includes sales and redemptions of $100,000 denomination Series E bonds
which are purchasable only by trustees of employees' savings plans
beginning April 1954, and also personal trust accounts beginning Jan-
1,
1952.
7/
uary 1955.
See Table 4, footnote
*
Less than 500 pieces.
1.
p
Preliminary.
.
August 1966
75
UNITED STATES SAVINGS BONDS.
Table
6.
-
Sales by States, Series
(,
Inception
through
June 1966
2/
State
H^
E and
Combined
In thousands of dollars at issue price)
1966
1965
July
Alabama
Alaska
Arizona
1,23A,119
61,720 2/
480,861
Arkansas
California
Colorado
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Kar.
May
Apr,
2,836
239
1,508
3,155
299
1,129
3,471
212
2,059
3,003
242
1,902
3,592
333
2,052
3,351
3,U3
293
1,466
2,961
338
1,419
2,117
252
2,055
1,374
23,446
2,462
1,311
22,571
2,221
1,149
22,638
2,216
1,334
21,093
1,863
1,324
22,860
2,495
1,643
26,386
2,504
1,743
21,428
2,403
1,438
27,093
2,666
1,444
28,393
2,500
1,519
25,435
2,202
1,335,7U
6,170
1,590
3,382
5,206
1,763
3,479
5,303
1,914
3,357
5,403
1,540
2,156
5,715
1,752
3,249
6,768
1,609
3,037
5,921
1,654
3,843
5,700
1,358
2,119
7,383
2,238
4,327
6,862
1,416
4,802
6,907
1,853
3,528
1,724,654
1,381,384
471,037
6,133
3,642
1,060
6,173
3,413
5,075
3,635
939
5,549
3,543
1,037
5,630
3,737
1,073
5,640
7,137
4,009
1,135
6,990
3,299
902
7,212
3,880
7,733
3,440
1,550
8,058
3,927
1,038
Idaho
Illinois
Indiana
300,998
10,333,978
3,620,578
519
545
410
24,114
9,667
26,722
9,980
502
29,355
11,372
592
9,378
455
22,717
9,885
533
26,684
459
23,543
9,161
573
27,921
10,295
26,184
10,023
33,280
11,616
29,028
10,416
520
28,133
10,312
Iowa
Kansas
Kentucky
3,516,085
2,055,682
1,416,762
7,929
4,092
3,725
7,627
4,370
3,685
7,290
3,880
3,823
6,816
3,871
3,204
6,905
3,964
3,367
9,018
4,360
3,772
11,652
5,315
4,383
8,758
4,506
3,704
12,992
4,730
4,797
10,291
5,033
4,170
9,771
4,291
3,786
Louisiana
Maine
Maryland
1,212,558
476,399
1,653,150
3,359
1,088
5,394
2,936
1,111
6,400
2,806
1,226
5,241
2,548
836
5,755
2,867
1,093
5,404
2,977
1,058
6,481
3,539
1,275
5,631
3,182
3,462
1,221
6,474
3,251
826
6,690
3,278
1,270
6,745
Massachusetts
Michigan
Minnesota
3,579,998
7,189,955
2,363,349
9,752
26,424
5,489
9,873
24,709
5,360
8,981
20,361
4,798
8,209
22,205
5,006
9,048
22,270
4,824
9,793
27,390
4,935
10,589
24,327
5,117
24,433
4,664
10,753
27,726
4,815
9,290
25,909
5,707
11,417
26,919
5,427
Mississippi
Missouri
Montana
686,945
3,634,714
615,626
1,116
10,699
1,243
1,215
11,066
1,080
1,044
10,
918
9,775
1,086
1,133
10,841
1,206
1,047
11,357
1,165
1,125
11,545
1,275
1,368
10,564
1,445
1,165
12,919
1,613
1,168
11,077
1,410
1,118
11,559
1,338
Nebraska
Nevada
New Hampshire
2,055,751
157,403
295,318
4,394
4,347
468
707
4,306
476
801
4,589
8,846
572
949
5,151
5,784
523
489
5,217
489
680
6,206
479
689
496
574
877
6,282
606
528
5,097
639
865
4,856,476
313,805
14,407,757
15,372
835
42,004
15,514
913
37,511
13,401r
881
36,785
12,985
792
35,183
14,120
760
36,749
15,442
903
40,154
15,713
1,067
40,624
15,226
1,179
40,678
17,282
1,165
47,481
16,086
1,204
46,034
17,151
1,019
44,040
1,416,000
617,566
8,051,797
3,247
1,139
22,301
3,619
916
23,568
3,875
961
21,070
3,115
1,196
20,908
3,633
1,183
21,639
3,764
1,159
22,818
4,279
1,462
25,149
3,540
1,310
23,144
3,712
1,274
27,850
3,776
1,070
25,717
3,947
1,136
25,103
1,564,364
1,183,864
10,782,025
3,861
2,394
34,077
3,891
2,071
33,105
3,539
1,992
30,032
3,467
1,888
31,103
4,013
1,804
31,678
4,230
2,182
34,074
4,415
2,647
34,217
3,560
2,401
31,840
4,332
2,468
39,131
4,065
2,709
34,803
3,751
2,338
34,847
551,004
721,087
754,204
1,337
1,716
1,269
1,213
2,060
1,402
1,093
1,780
1,246
939
2,139
1,474
1,072
1,389
1,442
1,392
1,872
1,742
1,368
2,062
1,854
1,063
1,741
1,852
1,630
1,759
2,172
1,263
1,870
1,910
1,303
2,034
1,428
Tennessee
Texas
Utah
1,298,454
4,433,262
502,360
3,008
10,022
1,749
3,423
9,895
1,505
3,012
9,426
1,492
2,801
9,272
1,516
2,947
8,885
1,322
3,159
9,765
1,392
3,686
10,307
1,720
3,368
11,030
1,582
3,797
11,457
1,666
3,786
10,693
1,558
3,285
10,870
1,504
Vermont
Virginia
Washington
159,582
2,110,349
2,036,262
397
6,072
4,410
354
6,629
4,442
364
312
5,946
4,157
340
5,166
3,926
338
6,571
4,315
403
6,127
4,662
357
5,836
4,651
513
4,412
4,079
6,544
4,535
308
6,249
4,751
353
6,189
4,427
West Virginia
Wisconsin
1,299,163
2,847,894
239,559
3,371
7,760
3,323
7,296
2,947
6,514
429
385
3,077
6,428
448
3,161
7,107
518
3,727
7,644
475
3,273
6,552
552
3,116
6,756
371
534
4,032
7,409
460
3,791
7,579
516
3,963
7,603
423
79,570
72,614
4,105
216
120
22
339
199
42
171
297
33
411
272
358
301
187
40
352
261
16
306
293
31
289
205
290
436
31
251
217
23
5
37
3,138
315
1,620
3,177
331
1,412
2,994
720,191
8,771,269
964,553
1,469
23,169
2,116
Connecticut
Delaware
District of Columbia.
2,009,117
365,041
Florida
Georgia
Hawaii
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Vtyoming
Canal Zone
Puerto Rico
Virgin Islands
Undistributed and
adjustment to daily
Treasury statement.
Total
,
4,824,326
129,812,358
V
984
233
3U
1,062
144
20
899
502
741
718
9U
5,957
9,544
4,.502
630
589
42,585
33,048
32,102
60,564
21,607
-18,442
101.337
6.947
56,889
50.031
42.553
3,247
371,488
342,480
369,411
337,817
329.424
472,816
345,422
457,005
426,443
412,992
_L
Source:
Daily Treasury statement and reoorts from Federal Reserve banks
1/ Sales of Series H began June 1, 1952.
Figures include exchanges of minor amounts of Series F and J bonds
2/
for Series H bonds beginning January 1960; however, they exclude
exchanges of Series E bonds for Series H bonds,
2/ Excludes data for period April 1947 through December 1956, when
^
r
In previous issues of the Bulletin, data
reports were not available.
for period May 1941 through March 1947 were included in "Other
possessions," and data for calendar years 1957 and 1958 were included
in "Adjustment to daily Treasury statement."
Includes a small amount for other possessions.
Revisea,
Treasury Bulletin
76
OWNERSHIP OF FEDERAX SECURITIES,
Table
1. -
Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued by the U.S. Government
Held by U.S. Government
investment accounts 2/
Total
Federal
securities outstanding
1/
End of
fiscal year
or month
Total
outstanding
Total
Public
issues
Special
issues
Interest-bearing securities guaranteed by the U.S. Government V'
Held by private
investors ^/
Held by
Federal
Reserve
banks public
Held by
Public
marketable
issues
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
55,501
55,842
54,554
55,259
56,002
56,296
58,206
60,964
63 J 236
66,6l8r
8,674
9,596
9,799
10,360
10,959
11,357
13,405
14,337
14,586
15,497r
46,827
/6,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,12:
23,035
25,438
26,044
26,523
27,253
29,663
32,027
34,794
39,100
42,169
189,949
193,418
201,235
201,459
202,417
208,483
211,721
211,598
210,776
206,645r
127,179
134,593
144,983
149,546
151,392
157,418
160,361
159,575
157,220
153,566r
6:.,
1965- July
August.
September.
October,
November.
December.
317,056
318,742
317,270
319,394
322,176
321,359
312,197
313,896
312,359
314,557
317,357
316,515
62,182
64,703
63,472
62,140
62,702
61,767
14,393
14,923
15,403
15,183
15,650
15,512
47,789
49,780
48,069
46,957
47,052
46,255
39,207
39,049
39,774
39,657
40,575
40,768
210,808
210,144
209,113
212,760
214,080
213,979
157,276
156,641
155,410
159,363
160,500
160,430
53,533
53,503
53,703
53,397
53,579
53,549
1966- January . .
February.
March
April
May
June
322,419
323,746
321,454
320,051
322,825
320,369
317,599
318,921
316,582
315,219
317,927
315,431
59,885
61,606
61,597
60,390
64,387
66,6l8r
15,529
15,824
15,638
15,469
15,582
15,497r
44,356
45,781
45,959
44,921
48,805
51,120
40,565
40,189
40,734
40,713
41,480
42,169
217,149
217,126
214,251
214,115
212,060
206,645r
163,667
163,782
160,883
160,926
158,807
153,566r
July.
319,768
314,880
66,281
15,585
50.696
42,380
206,218
153,247
1957
1958
1959
I960
1961
1962
1963
196^
1965
i96b
,
, ,
.
Source:
Daily Treasury statement for total amounts outstanding; reports
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.
Includes certain debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1.
Includes accounts under the control of certain U.S. Government agencies
1/
2/
3^/
~
//
Total
outstanding
Public
nonmarketable
Issues
U.S.
Government
investment
accounts
Held by
private
investors
i/
Matured
debt
and
debt
bearing
no
interest
2/
770
58,825
56,252
51,9X3
51,025
51,065
51,360
52,023
53,556
53,079
106
101
110
139
240
165
159
139
94
UO
653
450
367
2,042
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
490
462
453
115
116
116
115
100
100
355
383
403
376
362
354
4,388
4,346
4,391
4,347
4,357
4,391
53,482
53,344
53,368
53,189
53,253
53,079
413
433
454
467
464
460
96
98
97
96
94
94
317
335
357
371
370
367
4,407
4,392
4,418
4,366
4,433
4,477
52,971
438
92
396
4,401
56
46
47
60
153
277
50
54
63
79
87
167
444
605
812
589
460
470
499
519
whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U.S. Government investment accounts and Federal
Reserve banks
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
r Revised.
Table 2. - Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury
1/
(In millions of dollars; negative figures are net sales)
Year
1940,
1941,
1942.
1943.
19U.
19451946.
1947.
Jan.
Feb.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
.1
Apr,
June
-1.6
-.7
5.8
.3
-72.9
-11.5
-5.9
-16.5
-55.6
-35.2
-10.0
-34.4
3.3
.4
-4.7
-61.3
-338.6
106.8
-12.1
1.5
-30.4
-54.7
-1.9
11.4
.4
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
-6.6
36.8
22.1
24.6
7.0
23.0
177.4
-1.8
13.5
261.2
6.7
3.8
-4.0
77.2
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
-1.3
14.3
-123.4
14.1
17.5
-5.6
76.9
80.7
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
142.1
10.7
13.4
10.6
62.2
43.1
56.1
18.9
293.5
46.7
35.4
-2.1
1964.
1965.
1966.
148.7
397.6
75.1
101.1
210.9
334.5
111.3
83.2
38.2
1/
May
-5.7
5.1
6.3
482.7
.5
12.9
-22.4
18.9
1.1
8.4
19.9
36.2
-2.9
29.9
.4
.9
-.2
.4
.3
-145.8
20.5
-56.4
-69.8
-359.2
1.1
-88.4
July
Aug.
-2.3
-67.8
-18.5
-17.0
-157.8
-609.1
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
5.4
-.1
8.2
4.4
3.8
-2.0
4.7
7.2
4.6
Sept.
-5.0
-5.9
4.8
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696.4
.1
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
-.2
-.1
7.0
29.0
3.2
.3
49.2
182.4
445.5
32.2
35.5
25.6
61.9
-59.0
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
33.5
3.4
10.3
10.6
28.3
3.4
25.1
325.5
373.1
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
345.7
-25.4
436.7
21.3
33.3
43.7
113.1
39.7
27.8
19.5
33.8
28.7
145.9
60.3
223.4
578.6
169.8
198.6
126.2
39.8
100.1
233.0
116.8
-1.9
1.9
16.4
19.5
18.2
32.3
313.4
-86.3
53.1
21.8
24.2
39.9
656.2
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
73.9
44.6
7.0
27.1
155.8
143.1
298.8
141.0
69.7
59.4
Consists of purchases or sales, in the market, by the Treasury of securities
Issued or guaranteed by the U.S. Government for (1) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U.S., (2) accounts under the control of certain U.S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
-1.1
60.0
-17.2
20.3
1.4
7.9
U.O
-4.4
-.2
1.0
2.8
3.5
38.4
-10.0
11.3
-21.7
74.8
5.7
Nov.
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
5.1
3.5
1.5
20.1
-45.5
22.5
2.9
35.9
2.8
56.2
Oct.
.2
.4
5.0
83.9
-67.3
55.1
71.6
105.5
57.3
.6
41.0
234.8
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a)
This table excludes (1) all investment transactions for the Exchange
Stabilization Fund; and (2) all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
Less than J50,000.
1
-
August 1966
77
OWNEEISHIP OF FEDERAL SECURITIES
Table
3.
-
Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
Held by private nonbank investors
U.
Commercial
banks
1/
Federal
Reserve
Banks
S.
Government investment
accounts
Individuals 4/
Savings bonds
Total
Total
Series
E and H
Other
series
^
Other
securities
Mutual
Insurance savcompanies ings
banks
47.6
15.9
2.5
6.5
22.7
10.1
8.2
6.3
3.1
279.8
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
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.
34.
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
255.3
259.5
58.4
23.0
23.8
41.0
42.3
132.9
34.
34.
16.3
15.5
17.1
16.5
10.2
131.8
65.4
64.6
14.6
61.6
259.2
267.4
61.1
63.4
22.9
24.7
U.3
64.8
65.2
34.9
35.3
14.1
45.9
130.8
133.4
13.8
15.7
16.0
15.7
16.0
9.6
9.5
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
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15,3
9.1
8.8
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.
40.
10.9
10.2
15.0
14.8
15.0
14.6
8.7
8.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
8.7
16.3
15.8
13.6
13.2
8.4
8.0
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
276.4
283.0
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
284.8
290.9
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
272.8
276.7
270.6
275.0
56.2
59.5
U.4
9.8
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.6
44.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
306.5
305.5
307.2
307.3
307.1
308.9
310.1
64.4
63.3
61.7
63.0
63.2
62.8
64.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
58.4
57.1
58.9
58.3
57.2
57.7
58.0
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.1
66.9
67.2
67.5
67.7
68.0
68.2
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
19.3
19.5
19.7
19.9
20.1
20.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
6.1
6.1
6.1
6.0
5.8
5.8
5.8
309.3
311.1
310.4
308.4
312.3
312.5
312.0
314.9
316.5
316.5
319.3
318.7
62.9
62.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.0
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
20.9
21.0
20.8
11.3
318.6
320.6
318.4
317.2
319.8
317.9
317.1
318.7
317.3
319.4
322.2
321.4
62.9
61.7
60.4
59.7
58.4
58.3
57.3
56.5
57.5
59.7
60.0
60.9
36.7
36.9
37.6
37.8
38.7
39.1
39.2
39.0
39.8
39.7
40.6
40.8
59.1
60.4
60.7
59.2
62.7
63.4
62.3
64.8
63.6
62.3
62.8
61.9
160.0
161.6
159.8
160.6
160.1
157.1
158.3
158.4
156.4
157.8
158.8
157.8
70.6
71.0
71.5
71.2
71.2
71.1
71. 8r
71. 8r
72. 2r
72. 2r
72. 3r
72. 3r
48.0
48.1
48.2
48.2
48.3
43.3
48.4
48.5
48.5
48.6
48.7
48.8
322.4
323.7
321.5
320.1
322.8
320.4
61.0
58.7
56.9
56.8
54.9
54.5
40.6
40.2
40.7
40.7
41.5
42.2
60.0
61.7
61.7
60.5
64.5
66.7
160.9
163.2
162.1
162.0
161.9
157.0
73. 3r
73. 9r
75. Ir
74. 9r
48.8
48.9
49.0
49.0
49.1
49.2
61.8
61.8
60.5
61.2
60.6
74.6
74.3
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1.1
1.1
1.0
1.0
1.0
1.0
1.0
.9
.9
.9
.9
.9
.8
21.
21.5
21.8
22.3
22.0
22.0
21.8
22. 5r
22. 4r
22. 8r
22. 8r
22 .7r
22 .7r
23. 7r
.7
.7
.6
.6
i/
^
b/
7/
8/
2/
24.3r
25. 4r
25. 2r
24.8
24.4
State
and
Corporalocal
tions 6/
governments
Foreign
Other misand inter- cellaneous
national
investors
2/
W
Treasury Bulletin
78
.TBEASUEY SUIWEY OF OWNERSHIP, JUNE 30, 19o6.
The monthly Treasury Survey of Ovmerahip covers securities issued by the Uiiited States Government and by Federal agencies. The banks and insurance companies included
in the Survey ciirrently account for about 90 percent of all
The similar
such securities held by these institutions.
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 in70 percent.
surance companies in the May 19^1 Treasury Bulletin, for
Section
I
-
Securities Issued
Table
or
1.
-
corporations and savings and loan associations in the September I960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by conanercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 1954. Bulletin.
Guaranteed by the United States Government
Summary
of All Securities
August 1966
79
.TREASUEY SUIWEY OF OWNERSHIP, JUNE 30,
Section
I
-
Table
Issue
Treasury bills
Regular weekly and annual
maturing:
July 1966 - Sept. 1966.
Oct.
1966 - Deo.
1966.
Jan.
1967
Feb.
1967
Mar.
1967
April 1967
May
1967
June 1967
:
Total Treasury bills.
Certificates of indebtedness:
-1-3/4?
tiov^
1966-A
Treasury notes:
Ai
19o(^/.
Securities Issued or Guaranteed by the United States
Government
3. - Interest-Bearing Public Marketable Securities by
Issues
Treasury Bulletin
80
SUWEY OF OWNERSHIP, JUNE
.TEEASUKI
Section
Table
3.
I
-
30,
196(=>.
- Securities Issued
or Guaranteed by the United States Government
Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Far values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
5,930
amount
commeroutstandcial
ing
banks
Issue
State and local
governments 4/
Insurance companies
505
mutual
savings
banks
2/3/
295
life
savings
i73 fire, and loan
casualty, associaand
tions
marine
^69
corpo- 316
rations general
fiands
Held by
all
U. S. Governother
191
ment investpension ment accounts investors
and re- and Federal
tirement Reserve banks
fmids
^
Memorandum;
Held by
20,050
corporate
pension
trust funds
6/
Treasury bonds - (Continued)
A?
3-1/2
Feb.
Nov.
3-1/4
May
i-1//,
Aug.
Feb.
4
4-1/8
3-1/2
3
3-1/2
May
Feb.
Feb.
Nov.
76
104
103
171
77
112
38
229
3
7
23
334
49
81
991
62
79
20
404
65
140
31
67
419
877
23
101,897
27,805
3,923
4,032
3,383
209,127
45,120
4,904
-.,111
.,118
606
911
1980
1980
1985
1987-92
1988-93
1989-94
1990
1995
1998
125
818
250
560
897
095
Total Treasury bonds
Total public marketable
securities
172
393
135
231
34
58
45
21
277
2
32
62
29
109
127
11
217
117
170
65
44
40
37
14B
40
92
1
3.'A
3
156
261
354
123
i;o
870
36
518
973
148
919
1,669
4,257
5,457
6,3:7
10, "73
26
5
3,616
725
708
l'?6
982
863
280
219
841
43
2}
10
87
58
94
8
470
1,139
158
897
250
748
1,428
844
22
32
20
13
17,605
30,796
1,157
6S,699
l,8o9
Footnotes at end of Section II
Table
4.
-
Interest-Bearing Public Nonmarketable Securities by Issues
(par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
5,930
amount
outstand- commercial
ing
banks
Issue
2/1/
savings bonds;
Series E
Series H
Series J and K
U. S.
505
mutual
savings
banks
2/
295
life
Held by
all
U. S. Govern- other
191
ment invest- invespension ment accounts tors
and re- and Federal
tirement Reserve banks
State and local
governments 4/
Insurance companies
savings
473 fire, and loan
casualty, associaand
tions
marine
469
corpo- 316
rations general
finds
^
Memorandum:
Held by
23,050
corporate
pension
trust funds
6/
funds
7/
Total U. S. savings bonds
41,853
7,829
856
1
,',822
1
9
18
806
7
50,537
11
19
,478
137
;i,850
11
i;;9
Other U. S. securities
Certificates of indebtedness;
Foreign Series
Foreign Currency Series
Treasury certificates
Treasury notes, Foreign Series
Depositary bonds
Treasury bonds;
Foreign Series
Foreign Currency Series
R. E. A. Series
Investment Series B
Other
U. S. retirement plan bonds...
174
589
23
2,692
4
16
Total other U. S. securities..
4,646
83 8/
68
65
42
26
77
^,098
2,078
12
55,183
83 8/
70
67
48
38
96
2,104
5^556
149
;
Total public nonmarketable
securities
Footnotes at end of Section II.
305
3b8
93
338
44
U
305
368
93
338
8/
39
68
65
107
42
2,098
174
589
23
168
4
12
16
August 1966
81
.TREASUEY
Section
II
-
SUWEY OF OWNERSHIP, JUNE
30,
19o(^>
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
62
.TREASUEY SUEVEY OF OWNERSHIP, JUNE 30, 1966,
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
- (Continued)
Not Guaranteed by the United States Government
Aagust 1966
83
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966
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
This analysis of commercial bank ownership was first
published In the May 1944 issue of the "Treasury Bulletin, "
based on the survey data for Cecember 31, I943.
It has
United States Government and by Federal agencies. The
figures show the total holdings distributed according to
Federal Reseirve member bank classes and nonmember banks.
appeared at semiannual or quarterly Intervals since that
time, and Is now being published for the June 30 and December 31 survey data.
Section
I
-
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table I. - Summary of All Securities
(I'ar
values - in millions of dollars)
Treasury Bulletin
84
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP,
Section
I
-
JUNE 30, 1966.
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 bank?
Issue
Treasury bills:
Regular weekly and annual
maturing:
July 1966 - Sept. 1966
1966
1966 - Dec.
Oct.
Jan.
1967
Feb.
1967
Mar.
1967
April 1967
May
1967
June 1967
Total Treasury bills
Certiricates of indebtedness:
1966-A
iJov^
i-3/i^
Tresury notes:
Aug".
A%
Nov.
A
Feb.
4
Feb.
3-5/8
May
4-1/4
4-7/8
Aug.
Aug.
3-3/4
Nov.
4-7/8
5
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.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1966-A
1966-E
1967-C
1967-B
1967-D
1967-E
1967-A
1967-F
1970-A
1966- EO
1967-EA
1967-EO
1968- EA
1968-EO
1969-EA....
1969-EO
1970-EA
1970-E0
1971-EA
Total Treasury notes
Held by
5,930
commercial
banks
192 Reserve city
3,739
member
banks
3,466
1,580
66
2,716
71
103
60
77
121
141
107
549
6,084
1,239
55
95
545
4,909
914
1,061
629
818
833
1,222
390
1,476
427
2,828
31
104
180
95
50
24
66
21
61
2_
10,317
393
495
673
696
952
320
1,262
337
2,220
18
93
164
87
43
20
58
21
58
2_
8,412
Treasxiry bonds:
2-1/2%
2-1/2
2-1/2
2-1/2
2-1/2
2-1/2
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
3-7/8
4
4
4
4
4
•3-7/8
4
4
4
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
June
Dec.
June
Dec.
Mar.
Mar.
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Nov.
Feb.
Oct.
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
May
Nov.
May
June
1962-67
1963-68
1964-69
1964-69
1965-70
1966-71
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1968
1969
1969
1970
1970
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85....
1978-83
669
588
919
1,157
1,127
761
449
266
730
367
1,049
805
1,056
1,019
688
421
239
519
560
616
1,573
606
968
2,025
1,938
1,355
932
1,012
790
740
1,161
1,748
1,221
1,307
373
69
39
560
326
938
407
508
498
1,287
495
792
1,616
1,578
1,023
752
864
678
647
989
1,532
1,066
1,118
312
63
12
New York
City
760
11
1A9
other
3,5i7
country
2,191
nonmemter
banks
85
August 1966
TFEASUEY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966.
Section
I
-
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3. - Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Treasury Bulletin
86
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966
Section
II
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
-
August 1966
87
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1966.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government-(Continued)
in
Till
1
ion;:
iollar;
Treasury Bulletin
88
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 29, 1966.
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.
Table
Amount outstanding
1. -
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Treasury Bills
August 1966
89
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 29, 1966.
Treasury Bulletin
90
MARKET QUOTATIONS ON TREASURY SECURITIES,
Ill
u
E
iLl
00 Q-
o
JULY 29, 1966.
3
..
.
,
s
s
s
^
August 1966
91
.AVEiyOE YIELDS OF L0HG-TE»4 BONDS.
Table
Average Yields of Treasury and Corporate Bonds by Periods
1. -
Moody' s Aaa
corporate
bonds
Trea,^ury
bonds 1/
irt:;a:^ur/
bonds 1/
Annual series
19i2
1943
19W
19i5
1946
1947
1948
1949
[
A^-d
!
jAy's Aaa
'orpura be
rr-asui'y
.-
t
bonds
l''
alendar year averages jf monthly serie.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
r^57.
2.73
2.72
2.62
2.53
2.61
2.82
2.66
2.47
2.i8
2.37
2.19
2.25
2.44
2.31
Ko jdy' s
corpora
191 -.
2.fc2
.'
. ac
5.79
4.08
4.02
3.90
1959.
19'0.
2.9'-
^.20
2.90
3.06
3.36
19'. 1.
4.41
4.35
4.33
3.95
4.00
19'-.;'.
19'
4.38
'.
4.26
4.40
19bJ..
19'
-:.
Monthly series - averages of daily serie;"
Tree sury
Period
bonds 1/
Moody'
Aaa
corporate
bonds
Treasury
bonds 1.^
2.99
3.32
2..?2
3.-1
2.81
2.82
3.05
July
August.
September
October.
November
December
2.91
2.95
2.92
2.37
2!89
2.91
06
3.11
3.13
3.10
3.10
3.15
January
February
March. . .
April ....
May
June
2.88
2.85
2.93 i/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.28
3.27
July
August.
September
October.
November.
December.
3.00
3.17
3.21
3.20
3.30
3.40
3.23
3
3.43
3.60
.
.
.
3
.
Treasury
bonds 1/
Period
3
corpoi'ate
3.o7
3
.
2';.
3.9.")
.
1956
,
.
3.c3
3.66 2/ 3/
3.73
3.57 2/
3.30 3/
1958
3.24 2/
3.28
3.25
3.12
3.14
3.20 2'
.
36
59
3.69
3.75
Trea sury
bonds 1..'
bonds
1955
2.68 2./
2.78
2.78 2'
"
January.
February
March. .
April. .
May
June
Moody'
Aaa
3.70
3.80
Moody's Aaa
corporate
bonds
4.10
4.12
4.10
Moody'
Aaa
corporate
bonds
3.92
3.92
4.01
4.08
4.09
4.14
4.13
4.23
4.37
4.46
4.11
4.10
4.26
4.11 1/
4.12
4.47
4.43
4.52
4.57
I''.july' s
T'-ei.-ury
'
lonl?
1
4.22
4.08
4.18 2/
4.16
3.98
3.67
3.85
3.86
3.79
3.84 2/
3.91
3.93
3.83
4.09
4.11
4.09
Treasury
bonds 1
Moody's
3.92
3.93
3.97 2/
3.97
^.00
4.19
4.19
4.21
4.22
4.23
4.16
4.15
4.15
4.14 3/
4.14
4.41
4.45
4.45
4.42
4.01
4.2'0
4.00
4.02
3.98
^.99
4.29
4.31
4.32
3.98
A. 39
4.15
4.19
4.25
4.28
4.34
3.78
3.80
3.73
3.88
3.90
4.0'-,
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
4.41
4.02 2/
3.98
3.94
4.04
4 07
.
1962
4.28
4.25
4.30
4.31
4.35
Moody'
Aaa
corporate
bonds
4.27
4.22
4.2^
4.27
4.3?
3.81
1.53
Treasury
bonds 1/
Period
coj-porate
Treasury
bonds 1/
bonds
1960
3.60
3.59
3.63
3.60
Aaa
3.39
3.88
3.90
3.89
3.87
3.8"
Aaa
corporate
bonds
4.41
4.42
4.43
4.44
4.46
1966
1964
4.42
4.42
4.39
4.33
4.28
4.28
4.15
4.14
4.18
4.20
4.16
4.13
4.37
4.36
4.38
4.40
4.41
4.41
4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.78
4.92
4.96
4.98
4.34
4.35
4.32
4.28
4.1:'
4.75
5.16
4.14
4.16
4.1-
4.40
4.41
4.42
4.42
4.24
...1..
5.07
.'..43
Moody s Aa
corporate
bonds
Moody s Aaa
corporate
bonds
'
'
Treasury
bonds 1/
Weekly series - averages of daily series for weeks ending
1966-February
4
11,
18,
25.
4.52
4.58
4.65
4.66
4.75
4.76
4.79
4.82
4.71
4.68
4.63
4.57
4.85
4.88
4.93
4.97
1966-Aprll
1.
8.
15.
22.
29.
March
4,
11.
18.
25,
4.54
4-52
4.55
4.57
4.58
4.99
4.98
4.95
4.95
4.95
196'^-June
24
July
May
6.
13.
20.
27.
4.59
4.54
4.55
4.60
3
10
17
4.94
4.95
5.01
5.02
1
8
15
29
4.62
4.63
4.63
4.59
4.69
4.72
4.78
4.75
4.72
Daily series unweighted averages
1966^uly
1.
4.
5.
6.
7.
4.73
4/
4.73
4.72
4.72
4.73
5.12
19fab-July
15.
4.77
4.78
4.79
4.79
4.79
5.12
5.12
5.13
5.15
5.1b
18.
19.
4.76
4.75
5.16
5.17
11.
12.
4/
13.
5.12
5.12
5.12
5.12
U.
19oc-July
2",
21,
22
25.
26,
27,
28,
29.
4.74
5.06
5.06
5.07
5.10
5.12
5.14
5.17
5.22
Treasury Bulletin
92
AVERAO; YIELDS OF LONG-TERM BONDS
0)
..
.
.
,,
.
August 1966
93
.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 stuck
Total gold slock
and foreign currency
holdings
End of calendar
year or month
Treasury
091
,793
,753
1953
195i
1955
1956
1957
1958
1959
1960
1961
1962
1963
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806
116
99
212
432
781
13,857
13,857
13,858
13,857
13,805
13,733
13,969
13,916
13,925
13,937
13,879
13,806
728
1,037
959
858
807
781
14,251
13,732
13,730
13,634
13,632
13,532
13,433
13,811
13,811
13,738
13,668
13,582
13,529
639
377
559
522
628
722
14,506
13,332
13,413
1,093
058
063
,156
,808
,903
,587
1965
U,697
U,953
1965- July
August.
September
October.
November
December.
.
li,884
U,795
li,686
U,587
U,450
1966-January.
February.
March. .
April ....
14,188
14,297
14,190
14,210
.
May
June
July p
The United States also has a gold tranche position in the International Monetary Fund, amounting to $642.2 million as of July 31, 1966.
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to this amount from the Fund
virtually automatically if needed. Under appropriate circumstances,
the United States could draw additional amounts equal to the United
States quota of $5,160 million.
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, 1966, this
amounted to $800 million. Of this amount, the United States purchased
$200 million in 1956, $300 million in 1959, and $300 million in I960.
Note:
1/
Foreign
currency
holdings 2/
Total 2/
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733
,857
582
,507
804
196i.
1
2/
2/
P
Beginning September 1965 includes gold deposited by the International
Monetary Fund ($182.7 million as of May 31, $182.9 million as of June
30, 1966, and $183.9 million as of July 31, 1966) for the purpose of
mitigating the impact of gold payments to the Fund for quota increases
by countries which purchased such gold from the United States. The
United States has a corresponding gold liability to the Fund.
Includes gold in Exchange Stabilization Fund, which is not included
iji Treasury gold figures shown in daily Treasury statement.
(Data
as of December 31, 1965 and earlier dates for Treasury gold stocK
taken from Circulation Statement of United States Money.)
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Table 2. - U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in foreign currencies
Aust
r-ia
Pelgium
ijermany
Payable in dollars
Italy
tzerlani 1/
Canada 2/
Italy
(Dollar equivalent, in millions)
1962
1963
1964
1965
200
200
251
1965-July
August. . .
September.
October.
November
December.
.
.
730
1,086
1,208
50
50
101
30
30
30
275
679
602
1,259
1,259
1,259
1,208
1,208
101
101
101
101
101
101
30
30
653
653
653
603
602
602
1,20'^
1966-January
February.
March
April
May
June
912
July
.
.
30
30
30
30
125
125
125
125
125
125
350
350
350
350
350
350
354
354
354
354
399
484
329
329
329
329
299
299
205
182
182
182
158
158
484
484
524
524
517
512
299
299
299
299
299
299
193
188
25
25
25
25
25
25
110
512
299
1?8
25
452
401
301
.?51
589
30
30
30
200
125
125
125
125
125
125
490
75
30
150
125
351
For complete information on U.S. Treasury securities (nonmarketable) issued +.0 official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
Includes bonds payable in Swiss francs to the Bank for International
Settlements. Amounts outstanding were $70 million. May 1964 through
Note:
1/
125
125
329
299
30
30
30
713
640
2,/
25
25
25
163
354
484
101
101
101
75
75
75
839
789
51
175
327
350
13
160
25
25
25
75
160
160
160
200
200
25
25
25
June 1965, and $93 million, July 1965 through December 1965.
Includes bonds Issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965, and $174
million, November 1965 through latest date shown.
Treasury Bulletin
94
INTERNATIONAL FINANCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine Iroy
ounc; negiUve figures represert
iv-
<
y
the Unit«i
S'
>-^Ltive figures,
Ca] r^ndar ye'nv
Jai].-
1961
Total Western Europe
-35
-;'3
-:no
-60
-146
102
-130
-3e
-1
2
1
-''f>7
329
-1
75i
-180
61
-1
-1,10 5
IQO
Canada
Latin American Republics:
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other
Total Latin American Republics
-90
-2
85
57
38
-6
-30
72
54
29
-12
-109
17
Japan
Other
-93
Total Asia
-93
12
Africa
Total Africa
;
Other countries:
Total other countries
International and regional organizations
Grand total
2":
-11
Asia:
Total foreign countries
3
-970
-392
150
-820
.'ul/-
Seo'.
-IW
-10
100
-25
-156
-125
-2
-306
-23
-833
-392
acquisitions)
19fctj
Area and country
Western Europe:
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Spain
Switzerland
Turkey
United Kingdom
Bank for International Settlements.,..
Other
n-^t
-31"-
Jan,Mar.
August 1966
95
.INTERNATIONAL FINANCIAL STATISTICS.
Table
4.
-
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
96
Treasury Bulletin
j:nternatiomal financial statistics.
Table
5.
-
Liabilities to F(»-eign Official Institutions
and International and Regional Organizations
1/
!
I
'
"
.
August 1966
97
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
"Short-term" refers to obligations payable on demand
States and foreign countries have been collected since 1935,
or having an original maturity of one year or less, without
pursuant to Executive Order 6560 of January 15,
deduction of any offsets.
1934.,
Execu-
tive Order 10033 of February 8, 19-^9, and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries is published monthly in the
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusi ons
Reports by banks, bankers, securities
The data published herein do not cover all types of
brokers and dealers, and nonbanking business concerns in the
capital movanents between the United States and foreign
United States are made initially to the Federal Reserve Banks,
countries.
which forward consolidated figures to the Treasury.
These
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroeid or with their for-
"Treasury Bulletin."
The reporting forms and instructions used in the collec-
The data reported to and published ty the Treasury
eign parent companies; such transactions are reported by
tion of the statistics have been revised a number of times.
business firms to the Department of Commerce.
The most recent revision became effective with reports' covering
capital transactions of the United States Government and on
detailed description of the
shipments and receipts of United States currency are also
data as of May 31, 1963.1/
A
Data on the
content of the statistics, including the changes instituted,
excluded from the Treasury reports
appeared in the July 1963 issue of the "Treasury Bulletin,"
actions not effected through reporting institutions, such as
As a result of changes in presentation intro-
securities transactions carried out entirely abroad, are not
pages 79-81.
Certain capital trans-
.
duced in that issue, not all breakdowns previously published
recorded in the Treasury reports.
will be exactly comparable to those now presented.
types of capital transactions are published by the Department
Basic definitions
of Commerce in its regular reports on the United States
The term "foreigner" as used in the Treasury reports
Consolidated data on all
balance of payments
The liabilities data exclude nonnegotiable, noninterest-
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
bearing special notes of the United States held by the Inter-
abroad and the foreign subsidiaries and offices of United
American Development Bank and the International Development
States banks and business concerns; the central governments,
Association.
central banks, and other official institutions of foreign
The data on securities transactions and on foreign
countries, wherever located; and international and regional
holdings of U.S. Goverrment bonds and notes exclude non-
organizations, wherever located.
marketable U.S. Treasury notes, foreign series, and
non"-
In general, data are reported opposite the foreign
marketable U.S. Treasury bonds, foreign currency series
country or geographical area in which the foreigner is domi-
(see "International Financial Statistics" section. Table
Data pertaining to branches or agencies of foreign
ciled.
official institutions are reported opposite the coxmtry to
which the official institution belongs. Data pertaining to
international and regional organizations are reported opposite
2).
Presentation of statistics
Data collected monthly on the Treasiiry Foreign Exchange
Forms are published in three sections.
Section
I
provides a
the classification "International," "European regional," or
summary of the principal data by period; Section II presents
"Latin American regional," as appropriate, except for the
data by country and by period; and Section III shows detailed
Bank for International Settlements and the European Fund,
breakdowns of the latest available preliminary data.
which are included in the classification "Other Western
Europe
J
.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
Copies of the reporting forms and instructions may be obtained from the
Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department,
Washington, D.C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
98
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table l.-Net Movements of Banking Funds and Transactions in Long-Term
Securities with Foreigners
1/
.
.
J
.
.
August 1966
99
CAPITAL MOVEMENTS
Section
Table
2.
-
Banking
I
-
Summary by
Periods
and Claims on Foreigners
Liabilities to
i/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
,883
19i5
1946
1947
1948
1949
1950
,480,
,116,
,713
,618,
,644,
,302,
1951
,546,
,648,
,918,
1952
1953
1954
1955
1956
1957
1958
1959
1960
,600,
,939,
,158,
159,
,388.
,271.
450,
532
1961
1961 i/...
,018
,967
1962
1963
1964
Total
shortterm
liabilities
8/2/
Payable in dollars
Foreign coxintries
Official
institutions
4,179.0
3,043.7
1,831
2,836
2,907
3,615
3,547
4,654
5,666
6,770
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10.893.2
10,893.3
11,915.3
12,436.9
,873 48/13,220.3
Foreign
banks
2/
H
2/
Other
foreigners
2,678
2,922
2,972,
2,947,
3,001
Short-term claims on foreigners
Payable
International
and
regional
in
foreign
currencies
25.
.9
473.7
2,262.0
1,864.3
1,657.8
1,527.8
40,
49.
1.4
4.6
1.0
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
72,
61,
70,
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,713.0
2,356,
2,564,
3,046.
4, 037.1
134.
7,213.4 8/
3,376, 3 8/4,973.5
89
1,392
1,513,
1,675,
1,779,
1,805,
1,783,
2,029,
2,252,
2,430,
2,398,
2,229,
2.355
Total
longTotal
term
shortliabilterm
ities
claims
4,011.8
3.751.7
3,751.7
5,144.5
51.
.7
U.
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
43.
43,
40.
48,
59.
59.
77.
113.
.8
150,
6/
150
143 4 6/
1
6/
,9
7.5
2.2
2.2
7.3
69.4
29,071.8
13,065.9
7,359.7
3,537.2
8/ 310.
4,999.6
19ti5-June
27,780.7
27,862.1
23,540.1
28,912.0
29,233.6
29,171.1
12,200.6
11,747.8
12,058.9
12,326.2
12,403.2
12,578.9
7,159.b
7,388.5
7,824.8
7,840.1
8,087.7
7,817.4
3,471.4
3,483.3
3,484.8
3,503.0
3,545.8
3,591.6
4,847.7
5,145.5
5,058.3
5,125.0
5,096.1
5,084.6
101 4
97.
113, 3
117, 7
100, 8
98, 5
29,071.8
13,065.9
7,359.7
3,587.2
4,999.6
59.3
29,277.2
12,550.1
29,153.912/12,156.7
29,266.212/12,157.6
29,517.912/12,230.5
29,718.63^712,459.4
29,681.012/12,333.1
7,674.3
7,741.9
7,759.1
7,872.6
7,932.8
8,064.9
3,592.0
3,657.8
3,675.8
3,712.2
3,694.3
3,746.0
July
August
September.
October
November. .
December
.
.
_1_1/
1966-January
February 12/
March 12/...
April 12/
May p 12/...
June p 12/ .
.
1/
2/
2/
4/
I
15/
i
I
1(6/
Ij
;
I
\l/
I
18/
5,095.3
365,
5,209.712/387,
5,292.212/381,
5,296.612/405.
5,195.512/436.
5,081.412/455.
For exelusions see headnote on page 97.
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 of year data on the preceding line by inclusion
of 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 1951. $46.3 million; end 1962, J47.9 million; end 1963, $30.1
million; end March 1966, $317.2 million; end June 1966, $367.2 million.
Includes claims previously held but first reported as of tfey 31, 1963;
as of that date such claims amounted to $85.6 million.
Also includes
claims amounting to $193.2 million reported by banks for the first
time as of December 31, 1963, representing in part claims previously
held by banks but not reported.
Short-term liabilities include a net increase of $50.8 million arising
from changes in reporting coverage, distributed as follows:
"Official institutions" -$4.0 million, "Foreign banks" +$60.3 million,
513.8
59
2/
11/
12/
73
86
87
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
328.5
358.9
186.0
223.3
4.762.
4,820,
5,163,
5,974,
7,469.
2
7.631 7
2/220.
I
271.2
7,727
7,757
7,569
U7.2
7,541
454.3
419.0
466.5
7,498
7,391
7,485
230.9
241.4
233.5
239.2
264.8
251.3
7,631
271.2
513.8
Payable
Foreign
banks
in
Other
claims
Other
foreigners
100.3
319.6
292.9
361.2
222.7
505.0
446.3
515.2
510.8
9
4 6/ 568.7
726.0
9
7
842.1
5 6/ 965.1
5
Official
institutions
392.
708.
948.
1,018.
827.
893.
968.
1,048.
904.
1,386.
1,548.
1,945.
2,199.
2,542.
2,624.
3,614.
7,957
1965 10/
Payable in dollars
Loans to:
'271 .2
7,727.6n/271.2
7,553.3
7,467.8
7,584.0
7,468.1
7,551.3
7,639.4
259.1
225.7
232.5
222.0
225.3
245.0
151.1
177.2
122.9
156.5
206.5
328.1
245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
104
109
131
109
142
235
405.4
330
385.5
303
427
439.4
46O
497.6
482
524.3
617
699.4
522;
709.2
952.6
641,
773.
954.9
1.373.6 P.054,
1,402.5 1,149.8
1,565.9 ,130.
1,567.1
1,475.9
1,422.0
1,458.5
1,467.6
1,440.1
1,535.5
1,129,
1,147,
1,139,
1,128.
1,106.
1,101.
1,100.
1.565.9
1,567.1
1,497.9
1,496.9
1,507.8
1,425.2
1,520.1
1,585.3
1.130.4
1,129.4
1,107.2
1,091.4
1,123.4
068.6
1,083.1
1,073.9
584.1
1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2.531.1
2,573.9
2,652.9
3,429.4
4.158.8
4,559.6
4,190.2
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
586.3
557.1
630.8
659.0
624.5
474.0
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
U0.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,029.8 7/
3.971.4
4,284.7 2/
4,516.0
47257:
4,337.2
4,233.8
4,211.5
4,152.5
4,089.0
4,095.5
566.2
532.9
509.3
532.8
496.2
502.8
4,545.1
4,532.8
4,557.7
4,586.5
4,574.6
4,567.3
4.190.2
4,267.8
4,213.7
4,217.8
4,275.6
4,346.3
4,308.1
,265.9
474.0
491.9
475.4
436.0
444.7
406.0
414.7
469.2
4,440.6
4,418.0
4,389.1
4,417.5
4,429.5
4,401.0
4,516.0
"Other foreigners" -Hf22,5 million, and "Payable in foreign currencies"
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 196^ of $58.1 million of
short-term U. S. Government claims previously included; and because
of the addition of $5^5.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 196^, and from
revisions of preliminary figures.
See footnote 11.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning December 31, 1965, and short-term claims reported by banks
reporting for the first time.
Short-term liabilities exclude $776.3 million letter of credit issued
by the U. S. Treasury Department to the International Monetary Fund
in payment of the dollar portion of the U.S. quota increase which
became effective on February 23, 1966,
Preliminary.
Treasury Bulletin
100
CAPITAL MOVmENTS
Section
Table
3.
-
I
Summary by
-Purchases and Sales of Long-Term
,
Periods
Domestic Securities by Foreigners!/
(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 2/
Net purchases
Calendar year or month
Foreign countries
Official
-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
-97.9
-20.0
-206.6
369.1
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
1,077.2
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
529.0
-135.0
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.3
-58.7
-19.6
1966-January-June p.
469.2
769.4
-300.2
1.1
1965-June
July
August
September
October
November
December
181.8
27.6
100.7
19.7
18.3
240.6
15.3
167.5
7.4
14.3
62.3
296.6
13.6
966- January
February
March
April
May p
June p
18.8
153.8
15.8
13.9
188.7
78.2
27.6
271.7
70.3
79.4
248.5
71.9
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1
¥j
92.3
13.9
Other
8.2
-52.1
-1.9
-U.O
-11.0
-55.9
1.6
-8.1
4.
-
Purchases
2/
2/
2/
2/
296.0
251.8
258.9
344.0
296.2
392.3
95.1
532 2
-521 4
301 8
-315 2
-151 2
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
AAZ.A
316.9
307.7
255.7
460.7
675.0
108.3
141.6
188.5
197.4
283.6
18.6
-319.8
14.1
.2
20.0
14.2
-4.0
36.0
5.8
-33.1
-4.7
1.4
-4.6
5.6
18.6
-4.2
2.4
-9.1
5.3
-117.8
-54.5
-65.5
-59.8
6.3
.2
.1
.1
-43.1
.2
-9.8
-136.4
-50.3
-67.9
-50.6
-4.8
For exclusions see headnote on page 97.
Through 1949, Includes transactions in corporate bonds.
Table
Net
purchases
2/
2/
2/
2/
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
I64.9
224 5
20.2
8.3
5.9
International
and
regional
1/
Purchases and Sales of Long-Term
Purchases
367.6
2/
3/
-.6
-21.6
11.7
15.3
226.1
369.7
354.1
666.9
Net
purchases
Sales
432.1
376.7
514.1
375.3
Net
purchases
of
domestic
-64.5
-150.6
-144.3
-21.2
2.9
120.3
-334.
-89.
-192.
75.
944.
-584.
1.0
55.2
135.0
127.5
314.'
50.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
359.0
246.4
284.4
636.7
-99.2
-51.3
9.3
176.3
33.3
2,260.2
2,724.0
3,076.2
3,632.1
664.0
6!9.5
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
2,526.5
3,425.3
4,131.4
797.1
273.6
523.3
2,704.2
2,829.3
-125.0
93.1
48.3
38.8
16.6
46.0
30.3
61.6
198.0
220.0
54.6
24.3
35.3
31.0
53.7
67.5
-171.6
-15.8
-7.8
10.7
-.7
7.8
130.5
278.1
343.0
300.7
310.5
357.7
409.7
399.7
539.5
-64.9
-95.8
-92.5
-38.5
-5.6
-35.2
-93.9
-222.2
-91.5
-91.9
-21.9
-50.2
-83.3
38.2
63.5
74.6
220.1
41.2
52.2
63.7
34.5
35.5
46.5
22.3
22.4
156.3
33.5
150.0
138.8
395.1
12.6
-20.4
-41.3
-23.6
-9.5
-42.8
-115.8
60.5
-55.6
80.7
102.2
63.1
185.5
185.3
416.
6.1
28.7
35.3
51.3
17.3
72.6
739.8
650.2
589.1
1,115.1
3, 06-;. 3
204.9
217.9
319.2
404.2
364.5
445.6
407.6
414.5
433.7
505.7
530.7
407.0
-11.
149.
111.1
197.5
-349.1
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-499.3
-536.8
256.0
142.6
-56.3
362.9
201.7
322.7
434.9
480.0
529.3
540.2
449.3
26.1
Through 1949, Included with transactions in U S. Government bonds and
*
notes.
Preliminary.
p
Le S3 than $50,000.
Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Calendar year or month
Purchases
1946
755.9
658.7
211.6
321.2
539.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
1-947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966-January-June
Sales
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
Net
purchases
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.3
133.9
-385.
-693.1
-1 ,u26.1
1,198.1
1,843.1
2,440.1
-512.0
-562.1
-460.
-944.0
-1,095.4
-928.3
-1,242.1
1,457.6
1,U5.0
1,262.4
2.037.3
2,086.0
Purchases
65.2
57.1
81.7
83.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.3
467.2
Sales
65.6
42.6
96.7
70.3
193.2
348.7
329.6
702.0
695.6
748.4
906.2
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
548.2
616.6
566.1
509.1
595.7
Net
purchases
Total
purchases
Total
sales
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.3
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
200.3
239.5
1,663.2
2,104.2
2,036.7
2,228.0
2,843.2
2,730.3
2,391.3
3,056.7
821.2
715.9
293.3
556.1
6''6.8
763.0
772.7
385.2
332.3
908.4
1,149.7
739.1
1
410.1
852.7
1,185.3
1,356.9
1,355.7
1,291.3
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1,686.1
,007.0
924.9
1,436.1
1,387.3
1,866.3
2,014.0
2,718.8
2, 26-'.
Net purchases
of foreign
securities
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
-6U.7
-830.4
-1,047.9
-1,0U.2
-723.1
-952.5
892.0
1,446.0
-55.;.0
517.2
453.7
63.4
1,409.0
1,899.6
-490.5
1965-June
July
August
September
October
November
December
98.6
72.2
47.7
289.2
253.0
144.9
96.7
4I8.9
216.5
213.0
134.4
-159.4
-72.7
-49.0
-129.7
-115.7
-88.5
-40.5
71.4
64.3
70.2
35.0
15.1
170.0
136.5
113.0
364.3
168.2
294.4
67.3
68.5
83.4
36.4
40.2
43.8
53.8
52.3
50.5
70.8
-124.4
-48.6
-22.6
-108.4
-100.6
-70.5
-28.2
1966- January
109.4
33.2
243.4
105.6
152.3
307.9
189.5
352.4
232.2
155.8
208.2
-198.5
-106.2
-109.1
-126.6
-3.5
72.6
70.9
100.4
87.7
94.4
91.2
75.5
101.3
105.0
55.2
51.6
February
March
April
May p
June p
p
Preliminary.
p.
100.9
124.5
93.9
198.1
-10.1
75.1
65.1
24.1
26.4
21.3
18.0
193.1
12.6
177.3
7.4
-4.6
-.9
-17.3
39.2
39.6
181.9
185.1
140.5
•472.7
263.8
263.5
205.5
154.1
373.1
264.9
343.8
193.2
246.7
289.3
453.7
337.2
211.0
259.7
,
^
securities'-
-191.1
-110.8
-109.9
-143.9
35.7
29.5
.
f
.
August 1966
CAPITAL MOVEMENTS,
Section
Table
1. -
II
Short-Term
-
Summary
by Countries
Banking Liabilities to Foreigners:/
(Position at end of period in millions of dollars)
Calendar year
Country
1962
1963
329.1
365.5
419.9
160.7
99.3
1,478.3
3,040.7
188.4
802.5
360.1
132.9
191.4
205.0
409.1
905.6
20.6
1,483.2
15.9
465.2
1.8
23.7
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
'
j
j
j
j
j
I
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe.
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
2i8.2
124.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7 2/
2.6
13.5 i/
10,161.7
10, 769.
3,348.9
2,987.7
209.6
204.1
135.3
148.3
14.7
375.5
179.2
143.4
169.3
10.9
668.8
128.7
158.2
113.5
590.7
354.7
135.9
93.3
15.4
V
531.1
98.2
American Republics..
Bermuda
Antilles and Surinam.
America
Total Latin America
105.1
101.1
405.0
264.7 5/
122.8 6/
97.4
10.5 V6/
2,448.0
Asia;
j
'
•
I
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
65.3
41.4
28.5
81.3
2,195.2
135.7
174.5
75.2
332.7
278.6
Total Asia
3,444.1
35.7
Africa;
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries;
Australia
All other
Total other countries
International and regional;
International 8/.
European regional
Latin American regional...
Total international and regional^.
Grand totals/'.
35.2
67.9 6/
41.5
13.9
160.5 7/
102
Treasury Bulletin
CAPITAL MOVEMENTS
II - Summary by Countries
Short-Term Banking Claims on Foreigners
Section
Table
2.
-
1/
(Position at end of period in millions of dollars)
1966
Calendar year
Country
1964
1963
Europe;
Austria
7.9
25.5
13.3
52.2
69.5
121.2
9.1
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
96.8
33. i.
40.3
U.2
25.5
30.1
70.0
48.0
236.8
6.6
22.9
10.5
41.8
27.5
85.2
79.0
159.3
9.3
108.9
39.1
42.5
19.0
39.6
47.1
97.4
36.4
318.8
14.8
20.2
15.7
20.3
939.1
1,216.7
Canada
637.8
724.6
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
,
188.0
162.5
187.5
207.5
17.5
465.1
34.6
99.5
64.6
113.7
134.5
41.8
8.8
15.8
209.9
145.4
187.9
319.3
16.9
630.5
41.0
101.9
76.5
165.4
222.1
57.7
17.8
19.7
,
1,741.6
Total Europe
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
Grand total
,
1.7
11.0
17.3
1.6
22,3
2,171.4
25.0
113.2
8.0
52.3
70.9
26.4
21.7
6.8
43.9
2,652.8
21.1
202.3
8.6
63.9
88.0
2,493.3
3,137.0
.3
,
2,211.
.7
.6
1.3
2.0
19.3
42.3
55.9
15.4
28.0
58.7
104.
48.4
9.3
57.7
1.3
5,974.9
120
1965 1/
February
April
3
August 1966
103
.CAPITAL MOVEMENTS
Section
Table
3.
-
II
-
Summary by
.
Countries
Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
CalRndar Tear
1966
Country
1963 1/ 2/
Europe :
Austria
Belgium
101.2
57.1
Deninark
53
Finland
France
Germany
Greec e
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Eiirope
n.s.s.R
other Eastern Europe
41.7
33.7
.
135.'.
16. i
160.8
5.0
237.8
75.5
48.6
45.2
16.1
.7
37.'^
19.3
1,130.7 g/
Total Europe
Canada
289.8
Latin America:
Argentina
Brazil
Chile
86.2
267.1
23.4
61.6
Colombia
.6
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netnerlands
Other Latin
322.4
25.7
2(3.0
31.1
56.6
64.2
43.7
4.9
1.7
American Republics..
Bermuda
Antilles and Surinam
America
1,015.3 2/
Total Latin America
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1.5
24.6
23.2
248.5
1. 2
100.8
1.6
3.7
31.3
Total Asia
443.5 2/
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
28.2
,
15.5
.
.
.
.1
.
69.1
Total Africa
Other countries
Australia
All other
112.9
:
Total other countries
International and regional
Grand total
,
196i 2/
19o5
February
March
April
May p
June p
Treasury Bulletm\
104
CAPITAL MOVBitENTS
Section
Table
(
4.
-
II
Summary by
-
Countries
•
Net Transactions in U. S Government Bonds and Notes by Foreigners
,
In thousands of dollara
;
1%6
Calendar year
Country
1963
Europe:
Austria
U.
S.
S.
1966
through
June p
1965
196A
1,985
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
1/
negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
5
13
10
-407
-1,147
-191
259
71
-48
-7
1
-2
-329
-1,167
1,920
-478
-138
-4,560
553
504
38,965
-13
6
-28
635
-32,920
-130
-IW
12
39,405
247
-19
-8,762
-89,365
3,377
85,914
126
-540
-33
-926
204
-24
508
1,116
-48,866
22
141
-15,719
9,998
17
139,205
2,168
3,700
784
588
-2,681
-599
98
-2,050
175
79
-16
1,570
226
January
5
Febraary
March
April
May p
3
16
-972
-422
152
284
6
85
-3
-3
-108
5
-2
-219
-10
-704
15
61
-45
3
3
212
-19
4,433
4
1,030
405
6,421
902
11,371
660
620
117
-10
-44
4
-41
-14
-2
81
-61
-28
-2
220
314
206
-18
1,181
-1,554
2,443
-10,903
-25
-56
9
R
-90
Other Eastern Europe
Total Europe
70,894
Canada
296, 901
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
-141
64
33
-41
139
266
-65
-335
-41
-329
-244
-227
735
-186
-172
-10
-27,589
85,846
10,787
-2,723
11,003
-2,116
3,034
-14,280
10,267
2,505
7,468
-2,646
-85
24
-76
185
16
32
-6
-3
5
19
-5
-647
138
-76
-28
114
197
709
1,130
258
-10
2,490
-1
-4
-5
5
-798
-9,029
693
-141
268
28
544
1,038
-97
-7,289
1,606
339
-10
12
11
-38
248
13
-27
1
-27
-7
83
-70
-1,446
44
-63
-1,299
29
-25
1,258
-5
-70
189
-48
5
4
1,136
-12
267
494
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
14
Other countries:
Australia
All other
Total other countries
Ipternational and regional;
International
European regional
Latin American regional
Total international and regional
-6
-230
101
3,984
-116
-80
-25
-61
1
20
25
1,694
1,785
-2,046
-123
652
1,835
1,992
-55
153
4
16
1,023
6,805
8
6,958
32
2
537
68
9
-17
537
77
-6
330, 574
148,393
319,917
-28,783
-307,840
-50
-7,312
-2,722
215
243
-1,000
22 3
301,791
-315,202
151,115
319,702
-9,752
136,355
-50,277
-67, 903
670,915
-337,716
-75,842
300,166
-8,786
-117,824
-54,494
-65,527
12
26
20
-21
-76
20
24
-22
4
Total Africa
Grand total
-6
-92
-19
10
10
-9,995
135,355
-50, 500
-68,000
.
105
August 1966
,
CAPITAL MOVmENTS
Section II - Summary by Countries
Table 5. - Net Transactions in Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1966
Calendar year
Country
196^
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
rugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
-19
-927
-1,5^5
14,804
-110
-334
-1,128
11,2S^:
,
Total Europe
33,345
Canada
-51,B4^
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-70
SI
19
1
1,284
20
-148
170
American Republics..
Bermuda
Antilles and Surinam,
America •
Total Latin America
0-1
,
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
,
,
,
,
ITi:.
-18
,
,
,
,
6,143
Vfrica;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).,..,
Other Africa
,
,
,
,
Total Africa
Other countries;
Austral ia
All other
Total other countries
International and regional:
Internet ional
European regional
Latin American regional
,
,
,
,
,
,
,
Total international and regional.
Grand total
,
I-
V^
l,78o
1,153
?/
!
1965
1966
through
June p
January
February
March
April
May p
Treasury Bulletin
106
CAPITAL MOVaffiNTS
Section II
Table
6.
-
-
Summary by
Net Transactions
in
,
Countries
Domestic Stocks by Foreigners
{In thousands of dollars; negative figures indicate Aet sales by foreigners or a net outflow of capital from the United States)
Calendar year
Coxintry
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Tugoslavia
Other Western Europe
D.S.S.R
Other Eastern Europe
,
,
,
,
,
,
-9,006
-?,370
-327
5,00i
3,075
-1,^12
15,595
,
,
-267
-25,393
^59
196,396
362
-1,30^
660 1/
,
166,037
Canada
,
Latin America:
Argentina
Brazil
,
Chile
Colombia
Cuba
Mexico
Panama
,
,
,
,
,
5,132
2,i6l
3,007
2,2^9
nq?
1
-136
-777
-1,300
897
.
3-i7
,
American Republics...
Bermuda
Antilles and Surinam,
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
-6^1
-891
589
,
Total Europe
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,963
-10,960
,
-1,055
1,160 2/
2/
2,369
-1,680 2/
3,639
-118
3,227
1U
-B9
A72
615
-A5
396
-8
69
6,282
10,915
3A
1/
6/;
768
1/
i/
196^
1966
through
June p
January
February
April
May p
.
August 1966
107
.CAPITAL MOVEMENTS
Section
Table
(
7.
-
II
Net Transactions
-
Summary
in
.
by Countries
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
1966
Country-
through
J 'one p
Europe;
-5,0U
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
3,867
-56,627
-10,899
56,877
10,9A8
-1,006
-28,399
2,125
-46,623
-63
3,5-C3
-3,037
56,
,
,
-3
-23,6A7
-2,704
-25,017
16,817
18,i35
,
Canada,
,
Latin America;
Argentina
Brazil
,
'Chile
10
15
10,522
3,488
-4,073
-20,004
-281
-34,244
85,147
-147
-43,759
,
,
,
,
,
American Republics.
Bermuda
Antilles and Surinam,
America
.
,
,
-29,588
1,708
37,647
2,267
20/;
16,599
2,077
30, 571
-2,570
-307
490
9,806
758
39,832
-1,321
500
-50,242
-19
102
-43,675
77,416
-23,460
88,021
'i^,?!?
31
238
-523, SA6
9,124
3,298
11,107
2,871
1,093
3,205
-6,534
2,633
1,233
1,788
-4
-31,019
1,661
-14,117
11,487
1,644
388
541
,
,
1,247
9,787
-8,855
-25,842
23,887
9,138
-2A,509
-8,909
-17,379
-3,973
6,318
10,321
86,881
142
18,555
-6
1/
332
,
Total Europe
Colombia
Cuba
Mexl CO
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
5U
3,269
281
-4,133
2,349
-28,413
-41 596
-8,325
218
-23
108
1,679
3,282
1,923
868
456 2/ -16,222
-1,423
2/
220
1,631
-9,974 2/
1,243
883
13,553
678
-336
1,429
1,713
-1,104
-14,515
2,420
364
26
-35,184
3,b0<i
1,497
-1,402
837
5
405
1,010
-1
-90,649
6,769
-22
-76,273
-48,250
-22,765
3,490
-9,859
-14,124
50
-1
7,500
2,181
6,990
-10,675
-506
1,000
10,000
16,492
-83,914
-141,513
9,126
-6
-9
9
,
I
I
Total Latin America
J
801
2,852
-5,017
208
-2,688
-1,981
Asia:
China Mainland
Hong Kong
India
Indonesia^
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
-50
-1,068
930
-52
-61,477
-130,363
-1,792
1,052
2,509
13,060
Total Asia
-177,
.?S1
Africa;
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1'
9,435
4,636
2
2,323
4,476
-2
-1,076
6,943
3,409
-22,243
5,019 2/
18,207
2,886
-42,291
-14,996
789 i/
21,093
-57,287
W7
23,850
-17,445
-147,506
-153,219
-11,573
-96,673
-141,101
-164, 7Q2
1,095,440
-928,320
-1,242,065
-1
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
-105,270
8,
,
2,038
4,681
6
January-
February
March
April
May p
Treasury Bulletin
108
CAPITAL MOVMENTS
Section
Table
8.
-
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 canital from the United Statps)
1966
Calendar year
Country
19 6i
Europe;
108
2,474
-251
Austria
Belgium
DeniDark
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
-i3,iOi
6,331
-202
4,604
-4,340
487
40
-1,918
405
-10,316
-86
25,012
-1
123
3
Total Europe
Canada
130,041
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
492
244
-1,857
-62
187
-326
88
113 2/
2/
722
555 2,/
Total Latin America
203
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
504
-1,510
15
-4,030
-68,958
202
-367
-210
-27
-512
Total Asia
-74,893
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
17
2/
1,217
124
1/
Total Africa
1/
Other countries;
Australia
All other
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional
Grand total
1/
-5,381
,
1965
1966
through
June p
January
February
March
April
May p
109
August 1966
CAPITAL MOVatENTS
Section
II
-
Summary by
Table 9.- Estimated Holdings of U.
S.
,
Countries
Government Bonds and Notes
(Position at end of period in millions of dollaral
On basis
Country
o'*'
On basis of 1963 survey
196n survey
1966
December
1963
1962
1963
U
196A
1965
February
13
1
7
1
13
13
13
1
7
1
1
1
1
7
1
1
1
1
1
April
May
p
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
13
16
Total Latin America
1
6
7
7
1
1
1
1
126
87
1
1
1
1
131
370
75
79
5
5
45
45
»
»
2
2
9C'
24
91
24
91
24
92
»
»
564
567
556
50
50
50
361
328
50
i5
50
7
7
7
807
815
676
686
7
813
815
806
683
683
685
If
1
2
10
I
1
1
1
2
1
2
4
17
6
17
1
2
6
1
1
9
1
2
2
5
3
15
16
15
33
33
32
2
16
17
28
1
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
3i
36
3q
10
38
Total Asia
50
51
i7
i9
51
s
1
a
9
2
38
38
51
51
16
16
16
16
16
16
533
483
73
73
Africa;
Congo
( Leopoldville)
Morocco
,
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries;
Australia
All other
Total other countries
Total international and regional
Grand total
Note:
1
79 S
112
911
1
,129
1,135
827
679
76
74
1,213
1
,213
903
752
2,781
2
,
742
2,/,05
,329
8i_
8A_
Data represent estimated official and private holdings of U.S.
Government securities with an original maturity of more than one
year.
(For exclusions see headnote on page 97.) Annual and monthly data are shown in this section beginning with the February 1964
issue of the Bulletin.
For quarterly data see Section iV, Table 2,
through the June 1964 issue; and "International Financial Statistics," Table 4, beginning with the September 1964 issue. Data as
of December 31, 1962-63 are on the basis of a November 30, 1960
survey and regular monthly reports of securities transactions (see
Table 4). Data for December 31, 1963, also are shown on the basis
5
U»
2
56o
788
K
6
Asia:
China Mainland
International and regional:
International
European regional
Latin American regional
7
44
24
133
83
93
83
339
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
P eru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
14
1
»
Total Europe
Canada
U
1
Treasury Bulletin
110
CAPITAL MOVEMENTS,
Section III
Table
1. -
Short-Term
-
Preliminary Details by Countries
to Foreigners as of June 30,19661/
Banking Liabilities
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
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
To foreign banks and official institutions
To all other foreigners
U. S.
Deposits 2/
U.
Treasury
bills and
certificates
Total
S.
Treasury
Deposits 3/ bills and
certificates
:
202,600
344,465
310,090
69,063
1,063,570
1 ,492,173
99,918
1,480,818
203,309
294,933
196,070
62,454
662,992
1,360,092
17,717
2,829,913
19,551
28,c)20
71,200
106,058
137,610
5,800
539,362
1,069,310
11,500
1,046,070
79,596
54,800
26 789
52,682
154,328
76,772
42,598
351,530
273,164
40,757
373,347
110,574
87,122
189,790
57,314
122,504
350,519
17,609
2,206,087
9,882
76,473
1,621
23,783
62
13,139
153,011
6,280
3,140
52,588
826,711
108
111,447
2,869
124,176
186
2,944
12,351,601
10,980,248
4,618,456
4,354,584
2,171,181
1,867,942
1,295,203
485,297
325,395
195,268
181,848
9,594
598,007
156,003
247,317
179,317
699,527
533,649
231,945
239,346
64,638
58,089
963
295,976
180,571
130,668
18,654
99,892
53,527
295,700
294,945
82,470
45,981
5,497
87,230
152,910
62,956
57,462
963
252,330
15,636
99,720
52,818
295,478
206,026
68,217
27,575
5,494
3,941,115
1,787,650
1,384,815
28,692
241 ,924
1,807
,
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
205,699
377,894
320,567
72,488
1,142,486
1,755,937
136,852
1,518,585
229,779
328,308
284,597
114,912
687,961
1,610,157
20,661
3,139,887
20,937
353,024
1,950
78,718
84,079
95,708
20,665
172,678
149,699
47,661
3,079
33,268
10,406
3,396
74,378
56,350
36,932
37,534
25,765
33,232
88,516
52,374
24,888
169,526
2,944
271,809
1,386
19,055
3,059
31,453
8,443
3,357
63,889
50,991
35,452
36,016
22,066
30,481
88,178
47,604
23,198
92,178
2,924
118,986
1,386
12,637
143
2,131
143
2,093
28
2,007,208
947,112
674,534
34,658
561,367
11,372
280,981
239,841
19,485
96,338
5,075
48,377
253,280
85,363
130,585
250,420
84,507
129,644
121,724
2,000
487,900
182,862
512,379
6,800
41,275
61 ,401
:
,
,
,
,
American Republics...,
Bermuda
Antilles and Surinam.
America
,
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thai land
Other Asia
18,681
81,361
1,682
627
43,646
3,045
123,691
8,631
8,421
285,003
80
66,019
13,460
6,226
3
300,002
137,322
147,255
125,780
403,501
238,482
98,003
84,687
13,155
137,286
265,549
2,150,237
2,017,223
5,433
61,221
14,462
3,545
6,789
33,352
1,822
5,256
57,391
14,461
172
709
222
22,900
793
1
2
,
1
111 ,077
140,702
106,328
395,336
230,299
80,109
60,624
13,029
:
34,125
113,944
123,913
49,487
118,094
2,923,782
119,033
329,220
228,201
575,962
880,967
Total Asia
5,496,728
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
Total other countries
^
3/
3,057,819
6,346
7,050
46,771
1,229
10,636
2,259
4,152
6,467
835
41,647
67,576
15,317
4,742
77,624
3,545
6,753
30,893
1,816
65,185
15,186
4,741
76,746
1,165,957
977,460
291,383
281,973
508
2,259
3,316
6,405
835
40,984
8,605
22,038
67,365
23,323
212,619
22,474
170,668
5,838
17,530
60 1 30
14,195
113,261
333,950
277,855
210,954
53,821
13,080
55,360
278,685
26,359
261,741
21 ,409
133,954
14,737
114,400
13,387
6,672
15,800
4,661
305,044
283,150
148,691
114,400
20,059
20,461
4,971,579
14,177
95,643
4,971,488
14,177
95,624
231,264
12,329
4,600,412
139,812
1,848
91
20,611
13,029
61 ,984
19
5,081,399
5,081,289
264,204
4,613,441
203,644
110
29,681,018
25,479,370
10,980,142 2/11,000,856
3,493,37?
3, 74b, 144
17,886
60,481
356
351
,
:
.
Total international and regional..
1/
2/
5,201,236
2,100
367,963
93,969
7,923
13,924
164
32,800
653,174
2,092
18,197
45,252
6,727
197,207
56,200
10,900
14,600
620,225
:
International and regional
international
.7
European regional
Latin American regional
Grand total 4/
801 ,835
28,692
4A,628
38,224
34,878
63,905
,616,576
115,119
243,077
165,532
196,529
510,659
52,551
108,348
45,942
111,305
,889,975
117,211
261,274
212,884
571,219
For exclusions see headnote on page 97.
Grand total Includes $7,296,765 thousand of demand deposits and
$3,683,377 thousand of time deposits, but excludes negotiable time
certificates of deposit, which are Included in "Other."
Grand total includes $1,534,335 thousand of demand deposits and
$1,752,974 thousand of time deposits, but excludes negotiable time
10
392
1,227
6,428
2,929
9
393
640
2,044
9
2-73
161
5,542
20
14,249
304
August 1966
111
CAPITAL MOVEMENTS
Section
Table
2.
-
III
-
Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of June
30, 1966 1/
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Foreign
banks and
official
institutions
Total
Eiirope;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
«
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
D.S.S.R
Other Eastern Europe
12
1,282,919
1,047,406
338,307
642,627
495,363
27,677
196,066
97,501
169,104
238,065
16,400
722,387
67,361
186,209
55,114
173,794
24,667
31,931
28,149
31,951
56,467
196,015
96,917
169,020
237,101
16,381
689,041
67,061
186,141
55,113
169,341
205,274
55,19c
16,310
20,879
20,797
1,664
2,221,104
,179,693
590,377
1,720
33,435
23,969
1,484
88,798
2,728,052
16,357
188,802
16,595
69,321
116,672
1,715
33,356
28,591
1,483
88,797
2,694,461
16,357
137,523
16,595
69,302
1W,373
727
16,929
19,743
18
50,494
561,935
418
109,405
5,955
16,424
35,605
3,290,205
3,252,553
817,653
,7'"^
235 ,101
23 ,057
33 ,922
A ,602
28 417
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
,,,
205,
U7
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
54,157
t7,44
47,773
106,5
23,056
30,^
16,30,
55
i?.,487
4?, 379
1,606
39,585
47,78£
48,057
139,986
137,591
1
,
rjj:
iO,95'='
Other countries;
Australia
All other
9
^
1^7
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and
regional
Grand total
0,096
9,516
6,322
13,329
16,831
38,916
4,595
28,410
17.2,664
Total Europe
Total Asia
11,511
47,926
38,206
92,166
62,945
148,602
15,187
96,457
29,749
45,351
34,159
1,922
35,965
8,431
16,943
15,205
19,027
11,363
17,691
45,909
33,966
21,673
3,150
4,339
11,713
,•11'''
Canada
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1
55 ,7i9
39 ,708
92 ,332
72 ,23i
198 ,1^4
15 ,322
108 ,332
19
1,053
7,639,425
1,053
289,846
35,553
49,
7U
12,058
29,074
38,049
17,664
57
255
64
13,959
24,619
12,042
Collections
outstanding
Other
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
112
CAPITAL MOVMENTS
Section
Table
3.
-
III
Long-Term Banking
-
Preliminary Details by Countries
and Claims on Foreigners as of June 30, 1966
Liabilities to
(Position in thousands of dollars)
August 1966
113
CAPITAL MOVEMENTS
Table
4.
-
,
Section III -Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During June 1966 V
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
U. S.
Total
purchases Government
bonds and
notes
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sueden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
Corporate and
other
Stocks
Bonds
1,341
5
,021
287
2,372
433
4 ,107
5,520
479
90
4,837
2,569
23 ,551
10 ,277
426
219
5,359
2,939
20
249
6 ,136
2,262
197
2,418
14,986
125 ,046
1,315
22,682
67,506
118,636
41
31 ,057
18,858
,728
,550
1,153
11,457
1
7 ,771
,170
853
2 ,706
1
813
195
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
3,682
1,002
847
114
6,527
53
245,265
1
1,466
2,974
409
4
967
Total Europe.
Stocks
1i,130
1,346
309
38,846
20,004
278
11,996
23,266
8,986
3,033
5,288
171,300
n.S.S.R
Other Eastern Europe.
Sales by foreigners
41
195
558,110
76,305
153,050
223,117
64,449
265,467
1,567
TIT954
104,211
102,946
5,538
1,458
830
894
243
1,730
890
752
682
3,462
415
97
4,196
5,225
15
1,294
952
716
96
786
1,526
86
9,974
18
5
30
36
3,616
999
103
2,684
4,089
466
1,419
4,897
674
8,730
9,048
527
41
5,425
36,538
83
13
131
569
1,977
5,882
852
16,698
11,816
720
97
72
56,705
159
385
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia.
71
71
7,336
2,891
35
133
32
16
14,095
877
_85
13,398
201
Total Asia.
50,353
870
40,175
7,036
30
30
25,714
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
711
24,663
953
35
103
29
26
26
209
4
646
477
911
638
1,562
525
140
136
24
26
107
4
Total Africa
Total other countries
International and regional
International
European regional
Latin American regional
276
:
Total international and regional.
Grand total
113
6,436
286
16
:
Other countries:
Australia
All other
25,676
143
293
11 ,9-^0
1
,937
293
26,112
293
11,920
1,987
959,745
78 206
185,276
406,992
,
Domestic securities
Foreign securities
Total
sales
U. S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
Bonds
lU
Treasury Bulletin
CAPITAL MOVEMENTS
Section IV
Table
1.
-
Short-Term
-
Supplementary Data by Countries
Liabilities to Foreigners
Reported by Nonbanking Concerns
(Position at end of period in thousands of doJl^rs)
laAi
1965
Country
March
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
Canada
Latin America ;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuala
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
2,292
19,139
1,322
1
,082
31,33i
32,167
2,i16
26,353
A3,i85
2,120
1,032
6,839
6,934
19,935
4,342
110,036
6,051
898
182
901
318,910
67,588
6,105
13,487
3,355
5,816
200
10,515
29,027
5,281
1,484
20,112
9,569
1,968
6,057
4,669
117,645
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
1,768
2,377
14,036
3,179
2,341
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
722
805
21,909
Total Asia
76,044
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries:
Au."5tralia
All other
Total other countries
international and regional;
International
European regional
Latin American regional
Total international and regional
Grand total
23,412
669
4,826
1,046
304
8,954
4,053
6,255
20,612
June
1/
September
December
2/
June
September
December
August 1966
115
CAPITAL MOVmENTS
Table
2.
-
Section IV - Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars.)
1965
1964
1966
Country
September
December 1/
March
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
5
497
19 897
6 562
189
,050
79 405
8 ,712
99 ,249
29 ,760
6 ,476
10 ,044
46 ,275
16 ,555
17 ,240
5 ,155
279 ,653
2 ,600
6 ,287
377
,352
5
6'
.•
4,942
16,914
6,398
8,214
50,275
94,780
9,640
89,782
32,371
6,598
8,764
44,923
18,670
16,010
4,240
407,123
2,823
6,410
98
2,679
6,55s
18,524
6,261
6,736
60,816
139,827
9,828
94,820
31,094
7,662
4,056
42,141
19,143
21,657
9,086
329,244
3,273
9,016
298
2,227
6,559
18,688
6,268
6,736
60,
9H
139,966
9,828
94,872
31,259
7,665
4,057
42,144
19,163
21,685
9,101
330,001
3,273
9,016
298
2,227
7U,335
831,654
822,267
823,720
Canada
922,977
1,032,176
1,057,075
1,125,774
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,.
Bahamas and Berimida
Netherlands Antilles and Surinam
Other Latin America
20 ,060
125 ,037
21 ,390
22 ,060
4 ,936
58 ,251
9 839
22 ,114
5 ,998
37 ,759
42 ,182
20 ,153
4 ,652
9 ,182
25,798
128,306
24,639
25,390
4,482
64,191
9,241
23,269
8,040
44,909
46,503
18,692
4,456
10,013
30,471
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
51,325
11,422
4,150
9,548
30,484
144,523
25,236
24,603
4,292
75,683
11,938
25,927
10,021
45,849
51,326
11,438
4,150
9,566
403,013
437,929
467,895
475,036
Total Europe
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
,
,
,
13
191
6,830
36,600
4,426
7,471
174,170
4,582
14,054
5 034
6,771
54,860
8,556
40,511
4,344
6,856
179,814
4,201
11,451
5,051
5,435
60,092
191
8,573
40,511
4,350
6,858
179,848
4,201
11,471
5,055
5,436
60,098
293,827
314,866
326,502
326,592
2,197
1,032
11,906
12,778
24,865
5,004
2,285
10,900
11,559
27,303
6,192
1,026
11,346
12,650
26,054
6,192
1,026
11,362
12,651
26,054
52,778
57,051
57,268
57,285
35,660
5,792
33,388
6,726
37,760
0,869
41,452
45,114
44,629
L.9
194
59
198
1,061
2a0
,
3
,
Total international and regional,
Grand total
29
5,077
38,435
5,073
7,245
159, b87
4,374
11,132
4,339
7,025
51,411
,
,
,
U4,517
2,430,043
2,719,052
Jane
September
December 1/
March p
116
August 1966
117
CAPITAL MOVIMENTS
Section IV
Table
4.
-
Long-Term
-
Supplementary Data by Countries
Reported by Nonbanking Concerns
Liabilities to Foreigners
(Position at end of period in thousands of dolLars)
1964
1965
1966
Country
March
June 1/
September
December 2/
September
December 3/
March p
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
272
5,438
683
52
82
1,U6
3 J, 918
4,520
4,510
3,o&l
673
227
82
1,173
32,079
472
L46
83
1,201
31,289
466
2,306
83
1,266
29,803
28,999
135
136
188
25
133
188
132
167
97
1,189
23
2,.802
136
162
19
755
5,685
6,067
6,022
50
50
/>7,911
8i,737
lt>;'
2
300
1,812
3,691
2,720
2,724
1,817
567
566
2,557
83
1,316
28,009
30
563
3,182
691
1,362
27,155
682
3,057
691
1,489
29,727
1
1
691
1,593
29,726
1
133
161
130
161
130
161
130
161
2,355
85
1,288
636
3,U0
755
254
758
1,106
1,512
1,259
12,722
97
7,384
37
9,508
36
8,977
48
10,669
34
30,400
51,470
32
47,993
^4,392
46,087
47,906
45,706
48,184
69,447
83,^73
57,960
55,337
60,800
59,036
60,582
5S,744r
1,207
9^3
6<V1
503
625
471
673
455
78
10
60
333
46
107
1,895
8O4
175
85
51
102
101
275
55o
123
432
665
60
129
126
529
82
103
544
97
338
672
60
134
126
392
73
133
156
640
60
183
126
395
96
1,913
317
78
1,251
18
102
156
80
21
1?4
1,920
560
oo4
415
432
656
60
506
139
326
647
60
201
126
419
107
5
1
216
165
122
1,001
1,201
1,201
1,112
1,107
705
1,107
1,005
?,:ioi
6,514
5,611
4,217
4,360
3,807
3,374
3,808
4,356
350
36
138
350
350
994
994
138
7
2
, • . , ,
31
Total Europe
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
4:19
19
U8
15
60
192
85
488
97
364
102,414
54,837
448
115
269
647
60
1,037
165
387
100
2
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Phil ippines
Taiwan
Thailand
Other Asia
38
175
Total Asia
U
12
12
12
32
12
351
999
138
350
1,018
138
99
350
998
138
110
350
387
138
350
332
138
2
U
1
1
1
138
87
2,308
1,603*
1,484
138
93
4
5
5
5
5
5
5
5
40
5
2
2
5
2
2
3
3
22
23
30
39
34
17
13
37
3,904
:,268
3,077
1,611
1,644
132
127
1.",
128
8','
97
3
16
2,318
2,276
2,189
1,641
3,935
3,193
3,114
59
124
80
121
49
131
20
131
28
185
204
170
151
159
3,934
2,375
1,521
5
5
3,989
2.380
Africa:
Congo
( Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries;
Australia
All other
Total other Countries
1-25
3
131
128
129
21:
..'..'.'..
216
1,521
International and regional
Orand total
142,987
140,332 1/
107,386 2/
ill,';.?;
_L
Note:
1/
Data are reported by exporters, importers, industrial and commercial firms, and other nonbanking concerns in the United States. Data
exclude intercompany accounts between firms in the United States and
their affiliates abroad.
The series beginning with June 1964 includes reports from firms
having liabilities of $500 thousand or more; for previous series
114,901
110,399
120,234
137,723r 3/
166,401
_L
2/
3/
p
the reporting exemption was $100 thousand. The amount of liabilities excluded as a result of this increase in the reporting exemption is $2,854 thousand.
Data include $936 thousand of liabilities reported by firms reporting
for the first time.
Data include $2,077 thousand of liabilities reported by firm reporting
for the first time.
Preliminary, r Revised.
Treasury Bulletin
118
CAPITAL MOVaCENTS
Table
5.
-
,
Section IV - Supplementary Data by Countries
Long-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of porio-^
196i
'
n
thcni::in'-l:^
of dollar?:)
1965
Country
September
Jun e
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
2,002
7,U7
1
23
,30
,
5a
2,5U
11
,866
12,054
300
2,157
W3
,
,
5,365
36
13,372
6, ''75
,
...
68,339
1,212
760
10
167
,
160,052
Canada
64,07i
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
66,868
10,030
6,633
6,748
78,489
4,498
9,929
1,348
7,799
14,705
8,193
,
,
,
Total Latin America
72 770
,
1,049
914
289,973
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
37
5,065
10,112
18,001
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
93,954
Total Asia
193,194
Africa:
Congo ( Leopoldville)
Morocco
155
47,418
5,414
1
11
,025
,923
1
,
4
South Africa
United Arab Republic (Egypt)
Other Africa
4,321
4,723
85,165
Total Africa
94,214
Other countries:
Australia
All other
Total other countries
International and regional
Grand total
December 1/
September-
December 1/
August 1966
119
,
Table
6.
-
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Foreign Credit and Debit Balances in Brokerage Accounts
(position at end of period in thousands of dollars)
Treasury Bulletin
120
CAPITAL MOVMENTS
.
- Supplementary
Data by Countries
Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
Section IV
Table
7.
-
Short-Term
(Position at end of period in thousands of dollars)
December
Country
"Other Western Europe "
Cyprus
Gibraltar
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
1961
,
,
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet Zone of Germany
"Other Latin American Republics "
Bolivia 1/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
"Other Latin America "
British Honduras
British West Indies
French West Indies and French Guiana.
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran 1/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia j/
Nepal
Pakistan
Ryukyu Islands (including Okinawa)...
Saudi Arabia
Singapore 2/
Syria
Trucial States
Viet Nam
"Other Africa"
Algeria
Canary Islands
Ethiopia (including Eritrea)
French Somaliland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia ^/
Sudan
Tunisia
Zambia /^
"Other countries "
New Caledonia
New Zealand
657
1962
1963
1964
April
1965
December
1965
April
1966
August 1966
121
CAPITAL MOVEMENTS,
Table
8.
-
Section IV - Supplementary Data by Countries
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
[Foreign securities
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Corporate and
other
Bonds
Bonds
Stocks
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
0. S.
S.
5
421
137
3,494
9 092
1,416
371
22,988
45,290
2 ,571
2
99 ,696
296 413
95 ,685
842
2,262
38,069
47
373
23,166
16,453
17
520,849
20
5,911
12,071
27,966
736
1,991
22,224
165,303
11,571
54,524
2,189
258
221,182
88,902
2,493
56,194
136,332
5,270
19,847
21,729
7,645
,232,589
639
546,827
873
^143
36,431
15 ,078
121 ,160
22 ,733
990
298 ,603
225 ,586
21 ,1U.
36 i56
79 ,338
1,581 ,223
928
1,371 ,505
63i
770
7
96,810
38
3
51 ,806
R
Other Eastern Europe.
Total Europe.
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,209
494
i, 323, 358
608,870
415,681
2,011,930
333,267
2^2,399
666,597
27,782
15,475
10,322
12,325
420
73,842
56,338
9,959
147
54
69
2
18,909
11,420
5,615
5
623
213
27
1,961
3,668
134
529
1,114
938
7,272
5,485
79
471,710
8,771
23,000
308,768
36
10
70
10,014
2,525
116
116
4,127
65
538
116,369
290
168
6,018
6,341
115
1,470
317
200
16
116
190
32i
27,44.8
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America,
363
2,444,'
55,675
10,561
83,474
85,122
2,967
4,397
2,976
9,546
378
35,511
45,820
7,837
19,431
38,626
6,777
36,808
70,226
1,864
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
126,698
11,428
22
171
22,783
39,803
115
2,324
2,440
12,498
105,995
10,938
4,819
457
57,652
324,291
25,287
9,023
189,440
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
405
946
6,719
194
15,735
74
26
4
Total Africa
23,999
Total Asia
Africa:
Congo
(
11
43
1
891
26
522
399
800
1,054
190
303
4,142
383
6
Other countries;
Australia
All other
31,132
8,819
68
9
Total other countries...
39,951
77
International and regional;
International
European regional
Latin American regional
257,568
7,827
27,803
72 479
293,198
100,257
7,488,437
l,fi77,ls=.
Total international and regional.
Grand total
,
538
52
24,455
27,778
24,455
Stocks
Domestic securities
Total
sales
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
Bonds
Stocks
Treasury Bulletin
122
.CUMULATIVE TABLE OF CONTENTS.
September 1965 through August 1966
Issue and page nuraber
1365
Sept.
19b6
Oct.
Apr.
II
Reporting bases
May
July
II
II
II
II
II
II
II
A-1
A-1
A-1
IV
IV
1
1
11
11
12
12
10
10
II
Article:
Treasury financing operations
Summary of Federal fiscal operations
A-1
A-1
A-1
A-1
A-1
1
1
I
1
1
11
11
10
10
111
12
13
11
12
11
12
11
12
12
13
II.
14
13
14
12
13
15
13
14
14
15
lo
16
17
It.
1.,
18
19
lb
17
20
21
20
Administrative 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
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1965
:
Trust and other transactions
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund transactions excluded from both net trust
and trust 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
Investment of specified trust accounts in public debt securities,
by issues (latest date June 30, 1966)
:
Consolidated cash transactions
Summary of Federal Government cash transactions with the public...
Intragovernmental and other noncash transactions
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted
11
11
12
13
10
11
U
12
15
13
10
11
13
U
15
15
16
17
I'J
13
15
16
17
17
18
19
19
18
;
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
Summary of cash transactions through the Account of the Treasurer
of the United States
Gold assets and liabilities of the Treasury
17
13
IS
19
16
17
15
lb
:
Monetary statistics
Money in circulation
19
17
la
21
23
19
20
13
^:3
1'
19
24
19
20
20
19
19
20
26
22
21
21
28
28
29
24
24
23
23
24
:
21
«
Debt outstanding
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Maturity distribution and average length of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U S Government
:
.
.
22
22
23
20
20
21
23
21
22
22
23
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
o ther 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
Securities issued in advance refunding operations
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
23
26
28
30
32
22
2o
27
24
24
2,'
25
23
24
23
25
24
27
23
29
26
25
30
26
31
27
29
31
32
30
34
36
3.
34
39
39
44
43
4b
27
Statutory debt limitation
21
21
23
27
24
25
25
25
26
.'5
26
27
23
25
29
30
31
25
25
26
28
33
29
34
36
33
30
32
29
31
34
33
47
38
43
37
42
50
46
28
30
31
33
35
35
40
33-
38
38
43
35
40
43
41
46
43
42
47
46
44
49
4o
45
5'J
53
49
53
'-1
56
53
52
57
bl
57
58
56
61.
5-
(Continued* on following page)
30
32
25
27
3^
38
33
30
32
3b
41
63
5o
August 1966
123
.CUMULATIVE TABLE OF CONTENTS.
September 1965 through August 1966
-
(Continued)
Issue and page Dumber
1966
1965
Sept.
United States savings bonds
Cumulative 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
Oct.
Nov.
Dec.
64
64
65
67
61
61
62
64
Feb.
Mar
Apr.
Kay
June
July
66
66
67
69
65
65
:
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
61
61
62
64
60
62
65
b3
69
65
65
66
63
69
6i
70
65
66
59
59
60
60
61
63
b4
64
65
67
70
70
71
73
74
70
68
75
70
68
70
71
69
75
76
71
69
70
70
77
72
71
65
65
66
68
69
70
66
66
71
71
72
67
69
66
68
;
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve Slystem (latest date June 30, 1966)
Market quotations:
End-of-month closing quotations on Treasury securities by issues
Chart - Yields of Treasury securities
.
Average .yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Exchange Stabilization Fund (latest date March 31. 1966)
Balance sheet
U. S. stabilization agreements
Income and eJfpense
67
64
67
73
69
77
71
73
69
71
75
77
7i
75
72
73
78
76
77
74
80
81
81
82
77
78
75
75
76
71
73
7q
76
77
77
78
70
72
81
S3
76
78
74
76
81
83
76
78
75
77
73
74
84
85
79
80
77
78
84
85
79
30
78
79
75
76
76
77
23
21
27
23
22
87
87
26
22
21
22
20
:
78
70
80
79
80
81
81
30
National bank reports;
Earnings, expenses, and dividends for calendar years 1961-65
International financial statistics:
U.S. gold stock, and holdings of convertible foreign currencies
by U.S. monetary aixthorities
U.S. Treasury nonraarltetable notes and bonds issued to official
institutions of foreign countries
U.S. monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Liabilities to foreign official institutions and international and
regional organizations
Capital movements between the United States and foreign countries;
Summary by periods beginning 19^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities reported by nonbanking concerns
Short-term claims reported by nonbanking concerns
Long-terra liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
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
calendar year 1965
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
Corporations
Statements
Income and
Source and
and certain other business-type activities;
of financial condition (latest date March 31, 1966)....
expense (latest date December 31, 1965)
application of funds (latest date December 31, 1965)...
79
79
79
80
79
80
84
79
80
81
81
85
82
82
86
Si.
84
87
87
79
83
32
33
81
81
82
82
81
91
81
83
84
84
82
92
84
84
85
85
84
87
86
89
87
90
97
93
94
97
106
107
99
100
99
96
97
98
98
102
99
100
101
99
100
103
104
103
104
103
104
105
107
110
113
114
99
100
101
103
106
109
110
115
111
105
86
87
89
97
101
86
90
91
100
101
96
80
81
81
96
97
99
98
99
103
104
87
90
99
100
108
100
100
105
101
101
100
101
102
104
107
110
111
109
110
111
113
114
115
116
101
102
103
105
106
107
108
101
102
103
105
108
106
107
108
110
111
112
113
102
103
104
106
107
108
109
102
103
104
106
107
108
109
112
117
109
109
114
110
110
98
91
94
106
107
110
110
117
117
119
113
135
82
83
116
137
Treas.
HJ
10
.kl
1966
C.2
n
^OUNP^
U.S. Treasury Dept,
Treasury Bulletin
@FedFRASER