Full text of Treasury Bulletin : December 1945
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BOOM 5030
JUN
TREASURY
?,
11972
DEPARTMENT
PENALTY FOR PRIVATE USE TO AVOID
UNITED STATES
PAYMENT OF POSTAGE, <300
TREASURY DEPARTMENT
OFRCE OF THE SECRETARY
WASHINGTON 25, D. C.
OFFICIAL BUSINESS
PERMIT NO. 1002
FORM
A-ll/45-
2000
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
^EUILLIEWM
DECEMBER -ie45
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF
THE SECRETBRV
Treasury Bulletin
Cumulative Table of Contents
lean* and pae* tem'bT
19U5
Deo.
flnflnclof - some l]lQ>Iloatlone for the futura
Seerata27 of taa I'raaffu^)
tfar
(
Not.
Oct.
Sept. Aac-
JU17
Am*
Kaj
^r.
Mar.
Vat.
Jan
apaaoh 1^ lAidar
A-X-
Procedure for redaoptlon of TJnlted States axeeea profiia tax refund
boDda
laseta and liabilities of all active basks In tha Oiltad Stateei
I>ec. 31, 1939-Jinie 30, 19U5
i-X5
Dec.
31, 1939-Dec.
31, 19UI1
i-1-
71ctoxy Loan l>rlTe, Octobaz^Becember X9^>
A-5
Var Loane:
7th Var loan, Hay-Juno 19U5:
SaloB by lesuost by Investor classes,
eaxi
A-1-
by States.
—
Outline of plans and comparison of features of saettrltlea offered.
6th
.^1
•*-3
i^l
—
Loan. Hovem^er-Deceanbex 19Mt:
Sales by iesues. by InTeetor claeeee. and by States
Vrar
A^l
—
A^17
Security purchases outside var loans >7 coDBerdal beakB and ly Ireasuzy
Investment accounts:
7th Ifar loan
6th Var Loan
Federal Oovenment enpenditnres for the flsaal years 19>tO, 19't5> and 19U6.
i-es
Statistics of Income;
Taxable corporation Incone and axcees profits tax returns for 19^3
(advance tabulation)
A-1tr-5
Corporation Income and taxable excess profits tax returns for 19M2
(complete returns)
i-1-
Taxable individual and fiduciary incone tax rattms, vtth net lacone
of $3,000 and over, for 19U3 (advance tabulation)
trio
Individual and taxable fiduciary returns for
19^
A-C-
(coi^lete report).
VlU
i^
Federal land bank bonds
Financial operations of the United States Oovemnent*. flacsl year 19^5*
A-3Z
i-3-
invaalon currency
i-T
19^^^-
Bank deposits, geographic distribution on Becember 3Xf
A^X9
A.X
Maturity of Adjusted serrice bonde on June I5, I9U5
United States savings bondsi
Maturity of Series A bonds
A^
b-1A-2
^ademption through 'banks and additional financial tnstltQtlena.
Treasury market financing
iUSU
A^l6
i-9
i-9
i,-£
A-l
i-T
^18
Summary of fleoal atatletloe
Budgetary receipts and expenditures
Public debt and guaranteed obligations outstanding-
Means of financing cash requlronents
Reoelpts and expendlturee and appropriations
Budgetary receipts and eipendltureel
Sumnaiy by major classlficat ions
Analysis of receipts from internal revenue
Analyels of general eipendltures
Analysis of es^enditures for var activities
Analysis of expenditures for (1) revolvlj^ funds and (Z) tranafera to
trust accounts, etc
5
^?
8
7
8-9
7
7
8
T
T
9-xo
8-9
8-9
T
1-9
T
8-9
T
«-9
T
8-9
8-9
8-9
T
8-9
8-9
Trust accounts, etc. receipts and esqpendltures
10
10
10 X1»X2
xo
10
XO
10
10
xo
xo
10
Meane of financing cash requirements
U
11
11
X3
11
XX
u
XX
u
u
u
u
12
13
13
12
13
13
IS
X3
X3
12
X3
X3
xs
13
X3
X2
X3
13
X2
X2
X5
X5
X3
X3
13
13
xe
13
13
X2
13
X3
12
13
X3
lit
lU
lU
lU
16
16
16
lU
lU
lU
lU
lU
lU
xi»
lU
Ik
Ik
XU
11)
XU
XU
XU
ik
Ik
Ik
\k
Ik
Ik
19-16 lS-16 X5-X6 17-18 X5-X6 15-16 XS-X6 15-16 X5-x6 15-16
X5^6
15-ls
Total budgetary receipts and expendlturee,
Social security program:
Budgetary receipts and eiq^enditurea:
Social Security Act
Ballroad Retirement Act
Hallroad Thies^oyinent Insurance Act
hy oontbsi for recent yeara
'
Statement of trust accounts:
Federal Old-Age and Sorvivers laanrance Truat Ftnd
fiallroad Bet irenent Account
UnoBployment Trust Fund
Appropriations and net contract authorlsationa for the var aotlvitlea program
Cash Income and outgo of the Treasury:
Analysis by major classif ioations
Total cash income and outgo by months and calendar years beginning
vlth January IJltO
Ik
lU
111
lU
XU
xu
xit
XU
7
IT
XT
17
XT
XT
XT
XT
XT
IT
17
IT
XT
X7
XT
XT
XT
XT
XT
XT
17
(Continued on follovlag page)
December 1945
It
Cumulative Table of Contents - (Continued)
Issue and page number
191*5
Dee,
Bov
Oct.
Sept.
inc.
July
June
Mar
^r.
Mar.
Feb
Jsn.
General Fund of the Treasury
AaBets. llat)llltiee. and balance in General Fund.
Analyels of chaoses In balance of Qeneral Fund.
19
20
.
Publlo debt and guaranteed obllgationB of United States Qovernment
Public debt and guaranteed obligatlone:
Detailed statemaat
Fiscal years. I936-I9U5
Monthly data
Chart
23-2U 23-21* 23-2U 25-26 2,
^V2l^
211-25 2lt-25 2l*-25 26-27 2lt-25
JU-25
26
26
26
28
26
IV^
2V2l* 2T-21* 23-21* 23-21* 2J-2U
2U-25 2M-25 2ll-25 2lt-25
2C2I
26
26
26
Poblle debt;
Issuance and retirement (receipts and e^endlturea)
IntereBt-bearing debt, contpoaltlon of
22
22
2l*
22
22
2l*
22
22
Guaranteed obligations held by rreasury
27
29
27
27
Statutory llnltation on the public debt - condition, as of:
December 3I, 19UI*
March 3I. I9I45
Juno 30, 191*5
July 31 191*5
Aueust 31, 191*5
September 30, 191*5
October 31 19l*5
28
Cooputed intereat charge and computed interest rata
27
28
28
30
,
,
Maturity echedule of interest-bearing public marketable securities issued
or guaranteed by the United States
Offerings of marketable issues of Treasury bonds, notes, and certificates
of indebtedness
Disposition of matured marketable issues of Treasury bonds, notes, and
certificates of indebtedness
28
28
27
27
United States savings bonds:
Summary of sales and redemptions, by series
Sales by series, classified by denominations
Sales to Investors other than commercial banks by series, classified
by States
Maturities and redemptions of Series A-D and S combined, by States...
Payroll savings plana
Treasury notes - tajc and savings series:
Sunmary of sales and redemptions, by series
Sales, classified by:
Denominat ion
Type of purchaser
29
29-31 29-31 29-31 31-33
32
32
32
33
33
33
3l*-35 3'i-35 3't-35
Offerings and maturities of Treasury bills
27
27
27
27
27
27
27
27
27
2^31 28-30 28-30 29-31 28-30 28-30 29-31 28-30
3^
32
31
31
32
31
35
33
32
32
33
32
32
36-37 3'*-35 33-3'» 33-3't 3't-35 3>3'*
3>3^
31
32
31
33
32
3't-35 33-3't
36-37 36-37 36-37 38-39 36-37 35-36 35-36 36-37 35-36 35-36 36-37 35-36
38
38
38
38
38
38
37
37
37
37
37
39-1*0 39-1*0 39-1*0 1*1-1*2 39-1*0
Ul
1*1
1*2
1*2-1*3
1*2-1*3
U2-U3
l*i*-l*5
U2-U3
1*1*
1*1*
1*1*
1*6
1*1*
1*1*
1*1*
itU
l*£
1*1*
Ifaited States savings stamps!
Sujosary of sales and redSBnptlons
Sales, classified by denomination
39-I10 38-39
39-1*0
1*1
1*1
Ul
1*1
1*1
U2 ''uo
1*1-1*2 1*1-1*2 1*2-1*3 1*1-1*2 1*1-1*2
U2-U3 Uo-Ul
1*1
Ul
1*2
1*1
3
10*
U3
!•'
U3
t3
111*
U3
t3
uu
uu
Its
1*1*
1*1*
W*
1*5
1*1*
1*1*
t5
U5
1*1*
U5
ItU
1|U
'<5
^3
U2
Us
Ownership of United States Oovernment Beourltlee
Summary distribution, by holders
U5
Estimated ownership by various classes of bank and non-bank Investors
U6
Market transactions in Government securities for Treasuiy investment
accounts, monthly beginning Janiiaxy 1937
Treasury Survey of Ownership of United States Government seCTuritiee (Federal
land bank bonds Included coimsenclng January 31* XSH^)t
Ownership by banks and Insurance companies:
September 30, 19l*l* revisions
October 3I 19l*l*
Sovanber 30. 19UI*
December 3I, 191*1*.
January 31 191*5
February
y 28, 191*5.
March 3I, 191*5.
i^ril 30, 191*5
May 31 191*5
Juno 30, 191*5
July 31 191^
August 31 191*5
September 30 191*5
U6
'•7
53
U7-50
,
U9-52
1*8-51
ii8-;2
,
U9-53
i
1*8-52
1*8-52
U9-53
.
51-55
"S-SS
,
U9-53
,
.
>>9-55
Ownership by various classes of Federal Eeaerve asmber end nonnembar
coimnerclal banks:
December 11 191*1*
June 30. 191*5
September 30, 191*5
52-55
,
5M0
S"*-?*
(Continued on followlttg page)
Treasury Bulletin
Ill
Cumulative Table of Contents
-
(Continued)
ZsBUA and page number
191*5
Sec.
X>T.
Oct.
Sept
iag.
JtUy
Jtma
Hey
^r.
Mar.
fcb.
Jan.
Prloee and yi elds of Qovernment securities (Inolu dlng
securities
Issued by Federal agencies ^
(hrer-tho-o<ranter closing qootationa and price history
for
Jo%^Sf3"!°i9ur*.^.*^.°:.':.°°"""~* "*
Deoemlier 31, 19l(U
^... .. ........[[
puiUe market^-"='"=
"^ ""^''^
52-51*
January 31, igfc
!.!!!!
Jstouary 2g, 1945
[
',]','[
March 31, 19U5
iprll 30, 191*5
«ay 31. 19^5
;;;;;;
June 30, 191*5
July 31, 191*5
'.'.'.'.'.'.'.
iugust 31, 191*5
Septemter 29, 19U5
Oetoher 31, 19U5
60-62
Chart shoxlng yield structure of Iroaanry Ixinda and
notes
63
Averap yields of long-term Treasury bonds and
hlsJj-grada'Mrpirati'io^:'
niBcasslon of re-rtslon of hi^-grade corporate bond
areran
Tlelds beginning with 1937
6U
Chart
55-57
57-59
5l*-56
55-57
5U-56
5l*-56
55-57
62-6U
55-57
55-57
58
65
58
58
57
57
58
57
60
58
65
Corporations and pertain other agencies of the U.
8.
Assets, liabilities, and capital:
Ueoember 31, iglrt
March 31, 191*5
June 30,
55
56
56-57
58
Government
6U-6g
61,
ei*-68
I9I45.
69.
72-76
September 30, 19U5.
67.
71-75
leans outstanding, classified by type of loan:
March 31, 19U5
June 30, 19%
.......'."
September 30, 191*5
.'.'.'.....
Income and expense:
Tlscal year I9I+5
Sources and application of funds:
rirst three months, fiscal year 19^*5.
Slrst si I months, fiscal year I9U5
Ilrst nine months,
fiscal year 191*5
1,
62-63
70-71
6g-70
62-67
60-6U
,'
Hscal year
61-65
69-7U
191*5..
68-73
Internal revenue etatlatlos
Collections of Internal rerenne:
Summary dat
,,,
Chart
OomparatlTe details for current periods
77
78
79-80
78
62
76
61
62
70
66
7I
63
62
79
77
68
63
71
67
77-78 80-gi 6I1-65 78-79 63-6I* 61t-65 69-70 72-73 65-66
68-69
P
Si-6
Monetary atatletlcs
Balance sheet of the Bichange StablUiatlon Jtaad:
September 30, 191*1*
DBcember 31, 19I1I*
,]
March 31, 1*5
[,][
June 30, 19U5
.......'...'...'..'...'..
Cold assets and liabilities of the Treaaury! .."]
!i !. i !!!,"] i]]| ]
Increment from reduction In ireliJit of gold dollar, eonulatlTe'
December 31, igl*!*
..."'.
March 3I, 191*5
June 30, 1945
.........'.'.'.'.'.
September 30, 191*5
............,....'
Treaaury gold receipts, for recent quarterly periods..,!,.!!!'
Monetary stocks of gold and silver
!!!!
Components of silver monetary stock
.!'!'
Silver production In the United States and silver acquiaition
by mints
and assay offices
Seigniorage on silver, by types
!!!!!!!!!!!!'!
Money in drculatlon
68-69
67-68
67-68
67-6g
82
69
80
83
"69
81
66
'69
69
7S
69
82
82
83
12
85
Capital movements between the United States and foreign oountrlea
Discussion of composition of statistics
Summary of net coital movement since
1935
Sumaaiy by countries, Janoaiy 19l*2-Hay
1965
SetaUs:
May I9I15
June 191*5
Position in foreign currencies...
7I1-75
•
•
! •
! ! ! !
!
K7
Bg-lOU
76
77--93
9I4-96
105-107
lOS-llU 97-102
85
71
83
6s
7U
'75
December 1945
A-l
War Financing
-
Some Implications for the Future
The following address was dellrered bjr Daniel M. Bell, Uiider Secretary of
the Treasviry, before the Annual Dinner Meeting of the Association of Stock
Exchange Krins in New York City on November 19, 1°^^.
It l8 a pleasure to be here today to speak
the members of the Association of Stock
know that you folks have
Exchange Firms.
I
to
worked hard to help put across our war bond
drives and I want to express the appreciation of
the Treasury for your fine cooperation.
I would like to speak
to
you this evening
about the sources of war financing and the ImpliThe postwar management
cations for the future.
of the debt really began when war financing
How the debt was distributed by Invesstarted.
the maturity structure of the debt,
tor classes,
these are all Importhe Interest rate policy
tant factors which had to be determined step by
step In financing the war, and which together
determined postwar management of the debt at its
very core.
It Is like putting up a building
you must do your planning In the blueprint stage
to have the building successfully arIn order
ranged when It Is completed.
—
ing In the market place during the war nerlod Is
evident from the fact that Federal Government
spending accounted for $323 billion out of aggregate
spending of $833 billion during the fiveyear period.
This latter figure,
by the way,
would be cited by the statisticians as eighttenths of a trillion dollars.
These figures show
that the Government accounted for close to h<yf, of
the aggregate spending taking place
throu^iout
the
country.
The remaining $510 billion of
spending was accounted for by $U-2S billion of
spending by consumers,
$lH billion by business
for capital goods,
and $14.1 billion by State and
local governmental units.
—
The Government share of total
spending in
this war reached a peak of almost 50^ In the fiscal year 19';5 when the Government accounted for
You members of the financial community are
closer to this subject than are most of our citizens.
I hope you will bear with me as I draw on
to
analyze the
a good many figures in an effort
financing story from the point of view of the Income flow of the country and the Integration of
the war bond program to that Income flow.
$100 billion out of $211 billion total soendlng.
Contrast this situation with that In World War I
when the Federal Government accounted for a maximum of only about one-fourth of aggregate market
spending,
with the other three-fourths coming
from consumers,
business,
and State and local
governments.
In the fiscal year I919
the peak
year of Federal spending In World War I
total
expenditures In this country amounted to about
of which the Federal Government ac$75 billion,
counted for a little under $19 billion.
For convenience, let's begin by reviewing
the size of the Job from July 1, 19'K}, when the
the apdefense program began, to June 30. 19^*^5.
In'these
proximate end of the Seventh War Loan.
five fiscal years the Federal Government spent In
of which $290 billion was diall $323 billion,
Of the
rectly for national defense and for war.
remaining $33 billion, slightly over half was for
—
InterItems Indirectly connected with the war
veterans' benefits,
and
est on the public debt,
with
other half covering
the
tax refunds
mostly the regular costs of government.
—
As against $323 billion of expenditures, tax
reoelnts brought Into the Federal Government $133
You
billion, leaving a deficit of $190 billion.
know that this deficit was financed mainly by war
loans and a regular payroll savings program as
well as by offerings of securities in the market
What have been
In the early part of the period.
the effects of this financing on the economy durWhat are the implications for the
ing the war?
—
—
think It Is obvious from these figures
of course,
most of you have known It all
along
that the difference In the financing Job
in this war was not only one of size but one of
kind.
When the Government takes over such a
large proportion of our output to fight a total
war the economic effects become important all
along the line.
The figures I hsve cited merely
point out the tremendous contrast between the
I
and,
—
financing
War II.
problems
of
World War
I
and
World
Let's look further at that $833 billion of
total spending in the five-year period.
It is
axiomatic that aggregate spending in the country
is equal
to aggregate income.
The head of the
coin is the $833 billion of spending while the
other side is
the $833 billion of income flow.
It should be noted that this
is
a
(ttobb income
flow since it Includes such items as funds flowing into business reserves as well as net Income
in the usual sense.
future?
The tremendous Importance of Government buy-
know
Who received this
that the Federal
gross Income flow? We
Government received in
Treasury Bulletin
A-2
taxes $133 billion or about 15^ of the total Inand 3tate and local governments recome flow,
Of the remaining I65I
ceived about $^9 billion.
$121 billion was placed in Federal securities by
nonbank investors.
Individuals were the largest
billion of Income after taxes, about 90^ was distributed to Individuals and 10^ to corporations.
of Oovernment
Corporations
are
here
treated as a conduit and
only the new funds remaining In their hands over
counted aa being rethe five-year period are
The corporate Income Items thus
ceived by them.
consist of retained earnings plus accretions In
such as depreciation and depletion
reserves,
$U-9 billion
to
their holdings
securities over the period.
Ineuremce companies absorbed $l6 billion of Oovernment
investors, adding
savings banks
and
securities
took $6 billion.
Other corporations and associations absorbed $27
State and local governments acquired $5
billion.
and Federal agencies and trust funds
billion,
invested
mostly
billion
$18
—
security
social
representing
the
last
and
military Insurance
accounts, over and above what was Invested In new
equipment,
and Invenplant,
capital goods
The Income flow to individuals Includes
tories.
funds.
dividends received from corporations.
billion of new funds was placed directly in Federal securities and one- third in money savings
currency and commercial bank accounts.
that is,
—
these
Turn
Federal
The
figures around another way.
spent $323 billion and re-
Oovernment
taxes $133 billion, leaving a deficit
Individuals and corporations
of $190 billion.
spent $'t-69 billion but had Income after taxes of
ceived
In
Here was a surplus of |1S2 billion
$651 billion.
and If you add In the $S billion surplus of State
and local governments you obtain an exact correspondence with the 1190 billion Federal deficit.
In other words, about two-thirds of the $190
—
The one-third placed in money savings in turn re-
sulted in a corresponding amount of absorption of
Federal securities by the banking system. Because individuals and businesses chose to place
one-third of
their new
savings
in
currency and
commercial bank deposits,
commercial banks and
Federal Reserve Banks absorbed Federal securities
of an equivalent amount.
Over the five year
period the banks, accordingly, absorbed $6S bil-
One of the major goals of Treasury financing
was to try to channel back Into the Treasury as
much as possible of this $190 billion which
people were accumulating as a result of the Fed-
lion of Federal securities to match the growth of
From a financing point of view,
eral deficit.
every means possible had to be taken to persuade
people to hold these funds rather than to attempt
for such an attempt on a large
to spend them,
portant of which was the growth of the Treasury's
cash balance.
Direct conscale would have meant inflation.
trols on production, wages, prices, etc. operated
on one front to dam up these funds but the Treasury had to operate on another front to see that
The best way to accomthe funds remained saved.
much as possible of
as
get
to
plish this was
savings
these funds Into Government securities.
Let's look at the
What were our results?
assets held by all
liquid
three major forms of
currency,
namely,
combined,
Investors
nonbank
commercial bank deposits, and Federal securities.
These are the significant ways in which the defBecause of various minor
icit manifested itself.
which we do not need
economy
the
in
transactions
increase in nonbank
totEJ.
the
here,
into
to go
holdings of these major liquid assets during the
five year period we are talking about was acturather than the JI90 billion
ally $1S9 billion,
deficit.
Of the approximately $190 billion available,
currency and commercial bank deposits. They absorbed also an extra $20 billion of Federal securities as a result of other factors, the most im-
back
Coming
over
people
of
to
cisio'n
$68 billion of money
five year period, why did the
this
country make the collective deplace this much in cash rather than to
invest even more
We
this
to
the
in
Federal securities than they
have
asked ourselves many times what
should have been par for the amount placed in
Federal securities or,
vice versa,
what should
have been par for money savings under the circumdid?
stances.
Unfortunately,
there is no precise
answer to these questions. You may be interested,
however,
in
some observations on
the factors
bearing on them.
First of all, take the question
of currency.
savings going Into money
forms, currency accounted for $18 billion. While
Out
of
$6S billion of
this is a big increase,
I
believe it must be seen
In perspective to be understood.
of liquid assets held
combined have increased
middle of 19IK) to
Seventh War Loan.
by
all
The major forms
nonbank Investors
from $85 billion In the
$275 billion at the end of the
As a proportion of these to-
December 1945
A-3
tals for liquid assets, currency has been remarkaccounting for S^ of the total In
ably stable
June iglt-O and 9^ of the total In the middle of
We studied this series In
this calendar year.
pressures.
—
World War
and
I
proportion
currency,
of
the
found the same stability In the
liquid assets held In the form of
figures running from 7-1/2^ to
Subtracting
the flS billion growth of curthe remainder of the $6S billion of money
savings consisted of a I50 billion Increase In
rency,
commercial
clude with
bank
accounts.
What should we conregard to the motivation of people In
this particular Increase In the money
9-1/2^ In that war.
wanting
remembered that during World War
II the distribution
of Income was slgnlflcsmtly
altered so that millions of families, formerly on
lion of
a subsistence level or evan below,
In the case of demand deposits, corporations
and associations accounted for about kc/^ of the
Increase, or about $l6 billion.
These were not
Inflationary funds but rather, for the most part,
were needed Increases In working capital and
supply?
It must
be
received ade-
quate and decent Incomes for the first time In
their lives.
Naturally,
they
Increased their
holdings In currency
—
from a figure of approxi-
mately zero to soBBthlng running up to, I suppose,
several hundred dollars In some oases.
In our
surveys some people have stated frankly that they
derived a sense of security and
having a wallet full of currency.
Another factor bearing
crease was, of course,
on
comfort from
that banking was not al-
Is
either
ways convenient for many people,
of odd working hours or because of a
because
lack of
nearby banking facilities, particularly In communities where Industrial growth was most striking.
of course,
Finally, there are,
of tax evasion and black markets.
the
tax
the motives
You know from
evasion cases which have been discussed
few of our citizens tried
a
In the papers that
very hard to beat the tax laws.
Some part of the
currency outflow has been due to these Illegal
activities, but It Is believed that this has been
a relatively smsai factor In the currency growth.
From
the
standpoint
of
the
A total of S5
this currency also bought bonds.
million people have purchased Series E bonds and
doubt that very many of those who haven't
I
bought bonds hold much of the currency either.
What has happened Is that people have both bought
bonds
and
In
readily avail-
Another large part of the Increase In demand
deposits Is accounted for by unincorporated businesses and farmers, which In many eases were
faced with the same need for larger working capital as
corporations. About #10 billion of the
demand deposits accumulated by individuals during
the period should be credited to these Investors
as business accounts.
In addition.
State and
local governments
acquired about $2 billion of
demand deposits over the period, while Insurance
companies and savings banks actually reduced
their deposits by nearly a billion dollars In the
five years.
This leaves only about 111 billion
of the Increase In demand deposits to be credited
to the broad gi^jup of wage-earners,
professional
people, etc.
but
a
Some of this Is certainly hot money,
large part
Is
definitely In the class of
legitimate savings.
In short.
It Is clear that
only a relatively small part of the $38 billion
Increase In demand deposits Is dangerous money In
the Inflationary sense.
selling war bonds,
currency outflow are
these explanations
Important because most of the people who absorbed
of
funds set aside for reconversion.
In addition,
for various reasons corporations were accumulating temporary reserves which they preferred to
the currency In-
that the level of business
80
A third factor
about $12 billion In time deposits.
keep to a considerable extent
able cash.
much higher than ever before that all
along the line It was necessary to have more currency to carry on transactions.
was
We know first of all that about $3S bilthis Increase was In demand deposits and
acquired currency, and so long as the
currency Is not hot money from the Inflationary
point of view it Is not Inconsistent with our
campaign for new savings to avoid Inflationary
The growth of time deposits in commercial
banks Is probably to be explained mostly by the
word "diversification".
We have found In our
surveys that many people want to spread their
aavlngs among different forme.
They feel that
they have done their duty In the war bond propram
by Investing more than 10^ under payroll plane
and by participating In the purchase of extra
bonds In each war loan.
In too many oases, our
goals have thus become "psychological ceilings"
to many people, which have been difficult to pen-
Treasury Bulletin
A-U
In any event,
etrate.
savings over and above the
bonds are spread around
partly Into demand deposdeposits.
On the other
time
Into
partly
and
its,
In time deplaced
funds
the
part
of
hand, some
the
currency or
some
of
hot
as
as
Just
Is
posits
amounts Invested In
partly Into currency,
demand deposits.
depositor.
The psychology varies with each
I have not here cited separately the figures
for Increases In deposits In savings banks as opposed to commercial banks, because savings banks
have been treated as part of the composite group
of nonbank Investors In the figures I have given
you, and It would be double counting to take up
their deposits on the one hand and also to Include their purchases of Oovernment securities
form
Series E bonds, a security designed ex-
of
clusively for the average small Investor.
Corporations other than banks
and
Insurance
companies hold close to one-third of their Government securities In the form of savings notes
a highly flexible Instrument which may
In on taxes,
redeemed for cash,
vestment
Increasing rates
at
be
turned
or held for In-
Interest.
of
The
bulk of the remainder of corporation holdings Is
form of short-term securities, largely
In the
certificates of Indebtedness.
This "tailoring" of securities
of
to
the needs
Investor Is a healthy thing for the econ-
the
omy.
For
example,
available funds to
with other nonbank purchases on the other hand.
For your Information, however, deposits In savings banks Increased by close to $4- billion over
the five-year period; the purchases of Oovernment
securities made by savings banks as they Invested
well
these funds are Included In the figures previously mentioned for nonbank absorption of Federal
securities.
goods
corporations
have
readily
use for plant expansion as
for reconversion purposes.
as
Individuals
are In a position to draw on their bonds to aid
them In periods of unemployment and to assist
them
purchasing new supplies of consumers'
Most of all,
they become available.
In
as
however, the existence of a flexible portfolio of
the hands of Individuals will add to
In
their sense of security and thereby aid them as a
bonds
Inflationary dollars Involved In
the $68 billion of money savings made over the
five-year period represent a fairly small propor3ome part of each of the cattion of the total.
egories of money savings Is definitely hot money,
production which they, as workers, produce.
my opinion that In each case the
Is
It
largest part of the funds placed In cash forms
I beIn short,
represents legitimate savings.
lieve that In absorbing $121 billion out of $190
billion of new funds, we came pretty close to
excess
terest
Thus
the
but
On the other hand, no one In the
shooting par.
Treasury would argue that the Job has been perMoreover, we well realize that even Oovfect.
ernment securities are not completely foolproof
since bonds can be reIn preventing Inflation,
deemed or they can be sold In the market.
First of all,
What of the future?
we have
arranged the debt so that each Investor class
holds securities which are appropriate to It.
Over 60^ of the securities held by the commercial
banks are due or callable In less than five years.
Insurance companies hold only
On the other hand.
about 10^ of their portfolios In the form of securities due or callable within five years, and
Individuals largely
90^ In longer categories.
bonds, which they
savings
hold Series E, F, and
arises
or continue
need
the
when
cash
may either
to hold at an ascending rate
half
of
the
holdings
of
of Interest. About
Individuals Is In the
group
taking off of the markets the volume of
In
Our public debt will soon be more than $270
billion, and It Is clear that the annual Interest
charge in the next few years
going to run In
Is
The average rate of In$5 billion.
the debt today Is 1.9'*^, and our net
of
on
borrowing during
war
the
has
been
done at an
average rate of around 1.8^.
Contrast this with
World War I, when the average Interest rate was
about
We have lightened the future bur-
'4^1/'^^.
den of the debt considerably
by
our low Interest
had averaged
k-\/k^ In this war, the interest burden would be
about $12 billion a year Instead of something
over $5 billion.
policy.
rate
Indeed,
If
But low Interest rates
ficial
so far as
In
concerned.
vantages
of
the
rates
are
burden
not
only bene-
of
the debt Is
Secretary Vinson
has
stated the ad-
Interest
rate
policy for the
a
low
entire economy, as follows:
"Interest rates determine the real burThey should continue low
den of the debt.
It Is self-evident
for a long time to come.
that this iB In the Interest of people as
taxpayers. Not as evident, but Just as valid.
December 1945
low
l8 that
omists
call
x-5
Interest rates
—
what the econ-
a 'cheap money policy'
—
benefits the people as consumere, as workers, and
as citizens. Low Interest rates,
for example,
an Important factor In making possible the better homes, the better Industrial
will
be
plants,
which
and
will
the
make
better
our
public
facilities
country tomorrow more
productive and a better place to live In than
It was yesterday."
All of the things I have been saying boll
down to the simple statement that the war has
been well financed and that, as we enter what I
hope will be a long period of peace,
our banking
Institutions, business In general, and Individuals
are
In a healthier flnamclal condition than
ever before.
hope
real generals and the army Itself have consisted
of the local war finance organizations and their
six million volunteers.
I think It Is a tribute
to American democracy that
this program has In
essence
represented a sum total of many, many
smaller programs.
We have had special campaigns
carried out by virtually every group In this
country.
Many of these overlapped, but far from
weakening the results the overlapping proved
beneficial
for It meant that there was an Intensification of sedes efforts.
I am sure that
bond sales were stimulated by the fact that many
a man has been asked to buy bonds by his children
conditions will be so good In
several years that we will have a surthe next
plus In the Treasury and will be able to retire
If that proves possible, so
debt continuously.
If not, we have done the beet
much the better;
I
In closing, I want to say that the work done
by the volunteer war bond organizations throughout the nation has been a source of stimulation
to
all of us In the Treasury.
In a sense, we
have been merely planners and strategists; the
that
we could to prepare for the problems facing us.
as a result of a school program, by a neighbor as
a result
of a
community program, by a payroll
worker at the plant, through a call from a banker
or broker,
and by a volunteer In one of the other
It has been a tough Job, but all of us
feel a deep sense of satisfaction In the
programs.
should
success which has been achieved.
A-
Treasury Bulletin
Procedure for Redemption of United States
Excess Profits Tax Refund Bonds
On November 10, 19'*-5 the Treasury Department
Issued Instruotlona regarding the procedure for
the redemption of United States excess profits
tax refund bonds.
A copy of amended regulations
concerning these bonds was attached to the press
A summary of the procedure for redemprelease.
tion Is presented In this article. 1/
was made, however, that the bonds would be redeemable at the option of the United States,
after
the
bonds
may
2/ It was
each year ending after December 31 19''-1
provided that the credit for a year oould be
taken currently to the extent of 'W^ of net debt
To the extent that credit
retired In that year.
•
,
was not taken currently the balance was Issued to
the taxpayer In the form of nonlnterest-bearlng
These bonds which were Issued under the
bonds.
designation "Excess Profits Tax Refund Bonds" are
nonnegotlable and nontransferable until after the
formal declaration
of
mately
70,000
year
1/
2/
3/
for which they
19'*^
and
subsequent years Is to be
taken currently as a tax credit or refund.
As discussed In the Instructions on procedure, assignment of the excess profits tax refund
bonds
to
the
Secretary of the Treasury for re-
demption Is to be made by executing a form on the
The bond must be asback of the securities.
signed
In
the presence of an officer authorized
to witness such assignments.
Officers authorized
to witness submission of the bonds Include execu-
tive officers of banks and trust companies, executive officers of Federal Land Banks, certain of-
ficers of Federal Reserve Banks and branches, and
notaries public.
Bonds should be sent to the
Treasury Department,
Division of Loans and Cur-
The authorizing act set maturity dates for
the bonds at stated Intervals after the cessation
of hostilities, depending upon the excess profits
tax year
provides that the
turned In by their owners for re-
hostili-
of
There
of
19'*-5
are now approxion record and there
the cessation
World War II.
bond owners
of excess profits tax refund
million
were |1,113
of October 31, 19'*-5as
outstanding
bonds
ties
be
three months' notice.
on
of
demption on or after January 1, 19'*-6 3/, and that
the credit of 10^ of excess profits tax for cal-
endar
The excess profits tax refund bonds were Issued In connection with a postwar credit of 10^
of the excess profits tax paid by oorporatlone for
cessation,
The Tax Adjustment Act
were
Issued.
Provision
More detailed discussion of the procedure for siibmlttlng tonds is In the original release. Press Servloe No. V-12lt and attachments.
Except in the case of taxable years haglnnliig in I9UI
and ending before July 1, 19'4-2.
nevertheless, tonds outstanding remain nonnagotiable
and nontransferable until the formal declaration of
cessation of hostilities.
rency, Washington 25.
D.
C,
or
to
any
Federal
Reserve Bank or branch.
It
those
19''-6
was urged
who
owners
In
the official circular that
desire
payment on January 1,
In order
surrender their bonds Immediately
that examination of the assignments can be completed and checks drawn In time to be delivered
on that date.
Owners who do not elect to receive
payment on January 1 are also requested to surrender their bonds well In advance of the date on
which they may desire payment.
December 194-5
A-
Assets and Liabilities of All Active Banks in the United States,
December 31, 1939 through June 30, 1945
The Comptroller
November 1
the Currency released on
of
Increases during
period, and (b) mubanks are concentrated In
the northeastern section of the country,
which lagged behind other sections In Industrial expansion.
the regular semi-annual report on as-
and liabilities of all active banks In the
United States and possessions as of June JiO, 19'+5'
The data were compiled from call reports of nasets
and
banks
tional
Information provided by
from
State bank supervisory authorities on banks under
The report covers a total of
their supervision.
Comparable data from earlier re1^,5S7 banks.
ports have been drawn upon In the preparation of
the accompanying tables and charts.
More detailed discussion Is presented In the
remainder of this article.
Summary by classes of banks
The new report
ties for June 30,
the highlights for
From the data available,
December 31 1939 through
the 5-1/2 year period,
June 30, 19'4-5, "lay be summarized In the following
i
five statements:
(1)
The asset position
of
active banks
all
unprecedented peak by
Ae of June 30, ig't-S, asJune 30, 19'*-5sets of all active banks totaled $163.0
billion, more than two times as great as
they were at the beginning of period.
reached
had
(2)
an
Time deposits, which lagged far behind
demand deposits In rate of growth for
most of the period from December 31, 1939
through June 30, 19't-5> have been Increasing at a faster rate than demand deposits
In the last year.
(3)
U.
3.
Government
securities
showed
over one-half.
The ratio
of
deposits has
capital
accounts
declined during
to
the
total
period
from December 3I, 1939 throu^ June 30,
capital accounts to
The ratio of
19'4-5.
deposits minus cash and U. 3. Government
securities, however, has risen.
(5)
National banks and State commercial banks
showed significantly greater Increases
in assets (and deposits) than mutual sav-
ings banks throughout the 5-1/2 year peTwo factors are primarily respon-
riod.
sible
for
the
savings banks:
demand deposits,
smaller growth of mutual
(a)
these
which
banks
growth
of
slightly
hold no
showed the major
on bank assets
shows that
194-5
and
the
liabiliwartime
total
bank assets continued but at a
During the year from
through June 30, 19')-5, total assets
slower
June 30, 19W4-
rate.
of all active banks Increased by $23.5 billion,
or 17^.
For the first time since the beginning of
the war the relative Increase In assets of mutual
savings banks was at about the same level as that
of the other two major classes of banks, national
and State commercial banks. The share of
total assets held by these three types of banks
showed no change In the year ending June 30, 19'4-5.
b£inks
In the 5-1/2 year period
from December 31,
1939 through June 30, 19I+5 total assets of all
active banks more than doubled. They Increased
from $77-6 billion to $163.0 billion, a rise of
The distribution by classes of
IS5.5 billion.
banks of total assets and liabilities as of these
two dates Is presented in the following table.
the
most outstanding Increase among asset
Items during the 5-1/2 year period. As a
proportion of total assets U. 3. Government securities rose from one-fourth to
(14-)
the
tual savings
ClflflR
of bflnk
Treasury Bulletin
A-S
ASSETS OF ALL ACTIVE BANKS
IN
THE UNITED STATES^^
December 31,1939- June 30.1945
Chart
U.S.
I
- Dollar Values
Government
direct and guaranteed
obligations
0«c
Dec^
31.
31,
1940
1939
Dec.
3t.
1941
D«c.
31,
Dec.
31.
1943
1942
June 30,
1944
Oac.
31.
1944
Jun«30.
1945
Chart 2 -Percentage Distribution
PERCENT'
"
PERCENT
100
0*c.
31,
1943
^liKladas
t9rritort9$
and tnutlar pouMslons
Office of the Secretary of the Treoeury, Division of Research and Statistics
Junt 30,
Die. 31,
Junt 30,
1944
1944
1945
^Sn occompotiflitg Tabltl.footnotse
F-384-A
December 1945
which hold only
A-9
a
negligible amount of demand de-
Increase of only Jk'^ In assets.
Time denoslts Increased at a much slower rate
than demand deposits over the period from December 31, 1939 to June 30, 19'*-5.
posits, had
an
the
assets of private banks
for the most part, by the decrease
The decline In
1b explained,
In the number of banks
In
that class, due to the
shift of some of the larger ones Into the commercial bank category.
Assets
In the year ending June 30,
In the various asset Items
banks continued
war.
Holdings
to
of
held
19'*-5.
by
the change
all
reflect the financing
U.
3.
Oovernment
active
of
the
securities
continued to Increase but at a declining rate
Of an Increase of 2k^ In Govduring the year.
ernment securities during the year two-thirds
occurred In the first six months and one-third In
The table below presents a distributhe second.
tion of total assets as of June 30,
ber 31, ig'f-'J-. and June 30, 19'*-5.
Assets
.
19'*^,
Decem-
Treasury Bulletin
A- 10
DISTRIBUTION OF ASSETS BY CLASSES OF BANKS^
December
31,
1939 and June 30, 1945
Chart 3- Dollar Values
Dec 31,
1939
June 30,
Dec 31,
June 30,
Dec. 31,
June 30,
1945
1939
1945
1939
1945
State Conamercial Banks
National Banks
Chart
4-
Mutual Sovings Banks
Percentage Distribution
PERCENT'
"
PERCENT
100
eo
A// other assets
60
(Includts loans
-^
ond discounts,
s»curlllasJnl9rbonkond
r9son0 baloncts.and other
ottttr
ass»ts.)
40
20
U.S.
direct
Government
and guaranteed
obligations
Dec 31,
1939
National
^Includts bonks
June 30,
1945
Banks
in territories
June 30,
Dec. 31,
1945
State Commercial Banks
ond insular possMsion^
Office of the Secretary of the Treasury, Division of Research and Statistics
Dec 31,
1939
Sm
oecomponying Tabh
June 30,
1939
1945
Mutual Savings Banks
I.
footnote S.
F-3S5-A
A- 11
December 1945
As a proporIncrease In Oovernraent seourltlea.
tion of total assets Federal securities accounted
for 26^ at the beginning of the period and 60^ at
the end of the period (Charts 3 and ^t-)
the Oovernraent to private accounts.
Liabilities and
capital accounts
Juno 30,
June 30,
'Isnl''
.
(In billions of dollars)
Liabilities
Deposits of Individ,
uals, partnerships,
and corporations:
Demand
Time
U. 3. Oovernraent and
postal savings deposits
Interbank and other
deposits and miscellaneous liabilities
:
The table
at
of this page shows
classes of banks as of
the bottom
the major asset Items
by
December 31, 1939 and June 30,
19't-5.
Liabilities and capital accounts
On the liability side of
the
balance sheet,
year "ending
occurred In the rate of Increase of
the most significant change
June 30, 19'*-5
time deposits as
Dijrlng
that
year
in
compared with
the
demand deposits,
deposits Increased at a
time
much faster rate than demand deposits. This contrasts sharply with the situation throughout the
war period when time deposits lagged well behind
For the year
demand deposits In rate of growth.
ending June 30, 19'+5 time deposits showed an Increase of 2^i> as compared with a rise In demand
This trend was accelerated In
deposits of l4-^.
the last half of the year when time deposits In-
creased by
11/i
whereas
demand
deposits
rose by
only 2^.
The distribution of the major liability
Items as of June 30 and December 31. 19'*-'*- and
June 30, 19'*5 la presented In the table that ap-
pears In the next column.
The table
shows
that
U.
3.
(Jovernment de-
posits were between about $20 and $25 billion as
These balof each of the three dates covered.
ances reflect In each case the fact that a war
loan was In progress or Just ending. Accordingly,
these are peak balances for Oovernraent deposits.
Between loans these deposits are drawn on, and on
net balance result In a transfer of deposits from
Total liabilities.
.
Capital accounts
Total liabilities and
capital accounts....
33.'+
65.3
37.2
19.7
20.9
IS.
19
130.2
3.^
139.6
A- 13
Chart
5-LIABILITIES
AND CAPITAL ACCOUNTS
OF ALL ACTIVE BANKS
December
31,
Treasury Bulletin
IN
THE UNITED
STATES-*^
1939 - June 30, 1945
DOLLARS
Biltiont
160
140
120
100
80
Capital accounts
Interbank^a ndothar
and
deposits
60
misc. liabilities
U.S. Government and
_ postal savings deposits
40
,
Time
I
Deposits of individuals,
partnerships,
20
and corporations
I
Demand
Dec. 31,
Dec. 31
Dec 31,
Dec. 31
1939
1940
1941
1942
Dec.
June 30,
31,
1943
1944
Dec 31,
1944
June 30,
I94S
Charte-DISTRJBUTION OF LIABILITIES AND CAPITAL ACCOUNTS
BY CLASSES OF BANKS^
December 31.1939- June 30,1945
DOLLARS"
DOLLARS
Billion
Bllllone
80
80
70
70
60
60
50
50
Capital accounts
40
40
Interbankiiandottier
deposits and
misc. liabilities
30
30
US. Government and
'-'59'--
postal savings deposits
20
20
r~Time
^7i;
Deposits of individuals,
m
partnerships.
10
and corporations
L DemandDec. 31.
June 30,
0ec.3l.
June 30,
1939
1945
1939
1945
National Banlts
J^lncludts tarrltorlts
Office of
tlie
and Insular noasnslons
Secretary of the Treoeury, Division of Reseorch and Statistics
State Commercial Banks
^Stt accompanying
te
Dec 31,
1939
10
June 30,
1
945
Mutual Savings Banks
Tabia 1. toalnote
S
F-386-A
December 1945
Liabilities and
i^i3
A.-lk
Treasury Bulletin
Table 1.- AssetB and Liabilities of All Active Banks in the United StatesiJ,
December 31, 1939 through June 30, 1945
(In mllllone
December 1945
A-X5
Table 2.- Assets and Liabilities of All Active Banks In the United Statesl/,
Classified by Kind of Bank , June 30, 1945
(In millions of dollars)
Treasury Bulletin
A-16
Treasury Market Financing
details of Treaam7 aarkat floanolng oparatloni InTolrliig
and oartlflcatas of Indebtsdnsas, lieglimliig with the 3rd War
Loan, are published In the tables on pages J2 and 33.
Hlitorieal
'bonda, notai,
Call of 3-3/4^ Treasury bonds
On November l>i-, \9^5 the ^-VM' Treasury
bonds
of
19'4-6-56
were
called
for
The Treasury's announcement
payment on
These bonds were dated March I5,
March 15,
Their final maturity date was March 15,
1926.
1956 with the option to call by the Treasury, on
ISlt-S.
four months' notice, for payment on any Interest
payment date from March 15, 19'*-6 to final matuThere are now outstanding t^iS million of
rity.
The Issue Is partially tax-exempt.
these bonda.
that holders
vance
of
of
the
of
call stated
the bonds may be offered, In ad-
redemption date,
the privilege of
exchanging all or any part of their called bonds
other Interest-bearing obligations of the
for
United States, In which event public notice would
hereafter be given.
December 1945
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Bxi>endltures
Tlrit k months,
fl*eal yeara 13)44 to l$k6
Coqplat* flaeal jwrt. 19U3 to I9U6
Iitlwttd
iotnal
19l|lt
I9U5
131*5
l9it£
t«
I9ii£
(In
tUioni
19UU
I943
19I15
of dollara)
Income and profit a taxee 3/
Klaeellaneoua internal reresna kf
Cuatoma
Othar receipts
^
Total receipta
8,887
9.213
9.209
16,09!)
655
35.173
Its'*
I197
1)96
1.1>98
1.739
1.780
2,0lK
2.607
2,857
').553
5.291
6,9»)9
32U
1.31
355
250
3").
lUl
105
131
1.039
631
1.U5
«»83
916
3.292
3M3
12,570
13.053
13.808
755
23.385
l)5,t|08
U7.7i)0
36U
395
1,103
1,260
1.283
la.aoS
12.657
13.')12
75')
22,282
1*1),
11)9
1)6.1)57
Leas)
Vet e^roprlatlone to Pedaral Old-i^ and
SorviTore Inaoranoe Trust Tond
let reoeipta
3?6_
Xxpienditureai
rar
Jj
actlTitieal
Var Department
16,205
16,010
ll),055
-1.955
1)2.265
1)9,21)2
50.337
Hav; Department
7.799
10,036
7.££o
-2.376
20,888
26.538
30.01)7
Miecellaneoua var activitiea.
3.601
3.202
2,1196
-706
8.955
11.259
9.61)5
27.605
29,2118
2l).211
-5.037
72,109
87,039
90,029
203
I4OO
760
730
2,060
877
I.07I)
360
197
602
556
1,808
2.609
3.617
996
^2
76
262
1.7D7
Total.
Teterana* Adsdnietration, interest on pnbllc
debt, and reftrnda of taxee and dutiea;
Teterans' Adalnlstration BJ 3J
Intereet on the pntilic de'bt
Beftmde of tajcee end duties 10/.
25
7*
1.738
2.830
1.098
2.1)87
3.601
7.38>)
lid to agriculture Sj
285
11)9
U6
-33
1.163
909
762
Social security program 8/ 11/.
I109
)a£
Hjl
+5
735
803
815
P>lblic vorfca
179
128
132
1)
5U3
')33
323
Other 8/
1159
500
753
253
1.11)2
958
1.092
Total e:q)anditurea JJ
29.720
32.183
28.1)73
-3.710
78,179
93.7W)
Set tad«etai7 deficit J/-
U.?!"*
19.525
15,061
-D,1)6U
55.897
1)9.595
Total.
191)6
ietnal
19U5 to
aitjjutad
I9U6 1/
(In )>illiona
of dollare)
Bacolptti
1/
Internal revvmiai
^>l67iDeat taxes
Clun««
1/
Ohaag*
International finance
December 1945
Public Debt and Guaranteed Obligations Outstanding
Sonroei
r
1/
Dally Xreaffory Statamente,
fierleed.
except as noted,
Baaed upon Bad^t eetimatea as revised Au^et ^1, I9U5.
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
December 1945
Table 1.- Summary by Major Classifications
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued!
Table 3,- Analysis of General Expenditures!/
(In fldlllons of dollarB)
Totaraofi' idmlnlatratlon.
Intareat on public dobt. and
refunds of taxee and datlea
71 seal Taar
or month
Total
g«n»ral
ai^encl-
ltur*8
Total
Veteran 8'
Adnlnlat rat Ion
SJiJ
5.9W
1936
1937
1938
1939
6.6UI
5.985
7.313
7.109
iglio
19U1
19IK
1.381
1.503
1.567
1.561*
1.687
7119
581
866
926
9U1
i,oia
56
59
66
89
1,111
1,260
1,808
2,609
87
91
582
557
557
1.751
l,906
Ugg
U09
891
306
257
729
70
19U5-Jaimary, .
Vebru&ry. •
March
SSI
369
322
kfTll
May
June
591*
ISW
19H5
igltlt-October...
HoTember.
Deceaber.
July
Au^et..
..
Sept ember
October.
..
'•63
2.U^
3.500
6,258
9U7
369
Befonde
of
taxes
and
duties
578
6,079
6,005
5.635
6,1U9
«.730
19»»3
Interest
on the
public
debt
other general e^eBdltiarefl
553
555
572
629
93U
3.617
262
1.707
Aid
Total
1.5'tlr
392
9>*9
U, 327 11/
8U7
1,098
1,093
912
1*57
738
680
5t3
U,099
3.178
2.6U9
2.U72U/
191
91
628
100
156
23U
213
1U2
85
95
139
11*5
ISl
21U
225
l4«012/
96
70U
r9U
1,212
525
556
1,060
103
110
112
156
99
6U7
789
387
133
172
151*
162
191*
^'5
515
511*
697
68
63
66
51
20
55
51*
67
32
37
61*
85
,
33812/
50
l«5
26
U7
61
2U
82
lt02
35
73
and other.
Includes railroad retirement and railroad unemployment activities
1*6
13/
ly
590
692
788
llO
28
Ig /
51*6
33
177
239
152
11/
517
51
266
3t7
301
2/
323
fel
2S
20
27
33
10/
l,00(lr
%3
76312/
16
S/
1*86
1,02U
sol*
386
326
290
283
257
163
18
Klacellaneoua
12/
1.759
1.895
1,1*76
2,21*2
1.573
I.37I*
970
299
17
2OU
167
lUl
125
138
129
129
121
66
101
70
10
8
8
61
71
67
9
11
8
65
6
71*
21*
6U
37
Direct
and
work
relief
2/
730r
18
11*9
2/
DepartCivilian
mental
not
Consarothenrlse
ration
classified
Corps
«/
5,1(21
78
75
85
1,319
1/
933
971r
89»r
1.228r
191
i,U69
Publle
works
U,56U
5.136
U,Ul6
5.751
103
128
95
66
1,009
2/6/
2/5/
Dally Treeaury Statements.
Source:
Back ngures: Tor monthly data for the period July I9U1 through July 19^*,
see "Treasxiry Bulletin" for September 19^5, p8«« 6 ">d 7«
RsTlied,
r
Less than $^00,000.
1/ General expeodlture* now Include expenditures for raTolrlng funds;
back figures have been revised accordingly.
Includes public works undertaken by the Veterans' Administration.
r/ Does not Include transfers to trust accounts, etc. These are
shown In Table 5*
u/ "Tiefunda of taxes" Include amo\mts transferred to public debt accounts to cover Issuance of excess profits tax refund bonds and
Exexclule refunds of taxes under the Social security program.
cess profits tax refund bonds were formerly Issued to corpora- equal
of
the
expost-war
credit
to
10^
entitling
them
to
a
tlons
cess profits tax paid. The Tax idjustmsnt Act of 19^ reduced by
10^ the amount of excess profits tax to be paid and abolished the
post-war credit. ?or amounts of excess profits tax refxind bonds
Issued, see the first table In chapter entitled "Public Debt and
Ouaranteed Obligations of the United States Government". Outstanding excess profits tax refund bonds may be redeemed at the option
of the holder commencing January 1. 19^6; when such redemptions
occur, they will appear aa retirements of public debt.
5/ Consists of Administration of Sugar Act of 1937. Agricultural Adjustment Agency, exportation aoS domestic consumption of agricultural conmoditles, ?arm Credit Administration, Farm Security Administration, federal Ferm Mortgage Corporation, Federal land banks,
Bural Ilectrlflcatlon Administration, Soil Conservation and Extension Service, Department of Agriculture departmental expenditures,
6/
agrlcnltnre
?!
560
133
Social
security
progran
to
68
ly
11/
9
ii/
19(^'
and excludes expeodlttires made by Office for Emergency Management,
War Manpower Commission (U. 5. Employment Service) \inder authority
Tor further details, see tables which folof Social Security Act.
low on the Social security program.
Includes public buildings, public highways (including forest roads
and trails), river and harbor work and flood control, Tennessee Valley Authority, Federal Public Housing Authority (formerly 0. S.
Housing Authority) and reclamation projects. Excludes certain expenditures for public works in connection with war activities by the
Federal Works Agency, beginning July 19^1.
Excludes expenditures for the tl. S. Maritime Commission, departmental expendlturea under the Social security program and the Department of Agriculture departmental expenditures,
For additional information, see "Treasury Bulletin" for August 19'*5.
page 6.
Inclxides expenditures for ths following:
Office of Education, and
Public Health Service of the Federal Security Agency; Post Office
Department postal deficiencies; Federal Housing Administration;
Treasury Department Investmeate In Federnl savings and loan associations; certain expendltiires of the Panama Canal; and capital atock
of the Federal Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal home loan banks, and Disaster Loan Corporation.
Gross expenditures have been reduced $l60 million representing the
repayment of capital funds by certain United States Government agenFor further details see "Treasury Bulletin" for June 19^3.
cies.
page 9, footnote 12.
Includes $257 million for restoration of capital impairment of Commodity Credit Corporation applicable to fiscal years 19^5 a^ 19^»
Classified as mlecellaneous expenditures commencing July 1, 19^5*
Includes $17^^ million, Export-Import Bank of Washington - capital
stock.
December 1945
Budgetary Receipts and Expenditures
-
(Continued)
Table 4,- Analysis of Expenditures for War Activities
(In ndlllona of dollars)
MlscAllanaoua war aetlrltles
Var
riecal year
or month
Total
thiltsd
Othar war
Diiltsd
AgriculNational Selactire
War
Nations
actinFederal Federal
Treaiury StatSB
lid
ture
Hooalng
SerTlca
ShipBallef and
tlaa
lanaous
SaCTipity Works
HarltlEBO
D«partto
Departigency
ping
Behabill- expanjli'
igeocy Agency
ment
Comnl»war acChina
tr«tlT»)
ment
idjnln.
tatlon
tnrafl
1/
tlTltlaa
SloQ
Total
Navy
X>0part> Depart-
m«nt
mlacal-^
2/
193S.
1937.
19381939.
383
378
U32
667
892
99
6,301
26,011
72.109
87.039
90.029
3.678
14,070
U2,265
50.337
2.313
8,580
20,888
26,538
30,oU7
310
3.362
8.955
11,259
9.6U5
7.'»79
7,'toi
l*,091
2,61*8
3,978
U.igU
2.577
71*0
gi*5
2,1*39
870
i*,?9U
718
690
803
U,ll6
2,539
2,392
2,759
2,292
19110.
igui.
19U2.
ism.
19U5.
-12
-6
900
929
1.029
1,206
1.657
iglA-Octobor...
November.
December..
19U5-January. ..
February.
March
April
May
June
July
August. . .
September.
October. .
7,503
7,551
6,91*8
529
557
3,866
U.fisU
1
1
1*90
1*9,21*2
-12
-6
m
1*1*
7.139
8,156
7,837
't.530
2,721*
U,66U
2,2H9
7,32't
lt,?70
2,261
6,398
5,365
S.lsU
3, 51*5
2,11*9
793
703
3,261*
1,659
1*1*3
2.976
1.590
557
731
901
885
99
1*5
18
21*
51
297
6O8
539
70
33
52
519
1,201
1,U32
1,1*&
929
2,776
3.812
3.227
132
1,105
1,922
2,0U2
11*5
62
69^
2,011
2,11*3
1.198
lU
6s
153
133
122
as
-J
161
112
17
102
lU
11*7
5
9
8
85
68
87
80
9
11
5
2
89
5
98
39
51
20
228
185
II
19
17
15
1
6
-8
1*
110
118
lU
U
121*
17
12
lU
6
1*
137
-2U
91*
8
136
8
101*
326
298
312
18U
228
259
2U6
1
159
103
259
277
123
195
161
90
88
11
19
12
11
12
12
8
9
u
10
Source:
Dally Treasury Statements.
Back rigures: Monthly figures for the period July 19I1O through April 19U3
appeared In the "Treasury Bulletin" for Hay 19^3. P«€« 7*
•
Less than $500,000,
1/ Includes var pulillc housing functions.
2/ Similar Items for periods prior to fiscal year I9UI are classified
under "Other departmental" and "Other i^eneral expenditures" In
18
8
13
11
71*
1*3
105
108
382
200
1(0
11(0
795
991
,022
uu
99
152
183
91*
180
166
2
3
8
189
168
209
220
159
191
162
97
72
56
91
8U
60
60
27
27
U2
70
1*5
31*
15
15
178
68
71
71
83
58
62
1*2
Includes war expenditures of Commerce, Justice, Interior,
Labor, and State Departments; Civil Service Commission; Srecutlve
Office of the President (including Office for Emergency Management);
Panama Canal; and capltel stock of Smaller War Plants Corporation.
Includes Defense Aid Special Fund through the flscnl year 19^3;
thereafter such expenditures are reflected within the respective
Ta'ble 3*
departments.
Table 5,- Analysis of Expenditures for Transfers to Trust Accounts » Etc.
(In mllllona of dollar e)
Tet arena'
Tiaeal year
or month
y
1/2/
1.773
557
191(0.
1,820
6O8
225
187
232
191*1.
331
10
1936.
1937.
1938.
1939.
107
121
H2
W5
30
101
221
.126
318
1*7
13
18
22
31*
35
19W.
igUU-Octobor.
RoTember.
DeciDber.
.
19l*5-Januar7.
18
22
.
69
Tabruary,
March
1(8
35
U8
1*5
1*5
236
296
335
200
296
335
105
162
April
Nay
June
July
August. ...
Saptambar.
Oetobar...
Source:
•
1/
2/
^
530
16?
27I*
190
38
tlon.
Includes railroad retirement and rnllrtad TinMtploymsnt actlrltles.
Aid to
agriculture
ftmda
1/ u/
S.
contrl'butlon to
Clatrlct of
Colmbla
ahare)
(U.
S.
ahare)
Ul
U7
73
75
87
18
93
103
107
177
197
91
126
71
-3
36
2U7
37
Daily Treaaury Statenent*.
Le»« than $500,0^0.
Additional transaction, are ahovn la Table 3*
Comprises Adjusted Serrlce Certificate TymA and the Rational Service Life Ineurance fund, administered by the Veterans' Admlnlstra
Fadaral
Etnployeea
ret Irement
(U.
1.^1
191*3.
19l*5-
2/
11*6
1
191*2.
OoTemmant
Social
aecurlty
program
Adminiatratlon
Total
U/
Tor further axplaaationa aae table, vhich follov on *>ocial aacurlty
program.
Sepresent. transactions In com-odlty food stamps by Department of
Agricnlture. Thl. activity fom.rly came und.r the Office of Dl.trlbutlon and prior thereto under the Agricultural Marlcetlng
Administration.
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 6.- Totals by Months, Beginning with 1936
(la mllllone of dollBrt)
Calendar 7*ar
Jan*
May
Ipr.
r»-b.
July
June
i»«.
Sept.
Oct.
291*
3U3
1*99
UI2
71*7
771*
367
273
1*149
678
272
292
300
372
Dee.
Ret budgetary receipt* l/
1936.
1937.
193«.
239
29U
1939.
218
230
3O8
752
967
916
231
318
262
256
290
373
529
828
233
286
350
517
823
672
l*.372
521
5.798
5,650
271
367
687
213
31*7
557
6U9
265
331
1*1*7
279
333
362
71*0
l»,918
5.83I*
5"*!
565
391*
1,276
1*13
397
676
711
1.135
361*
llOO
3U0
799
1.566
3011
I9U1.
1*1*5
561*
1,212
8,81*9
578
788
758
955
2.503
3.767
2,1*92
l*.569
71*7
587
2,527
2,007
2,163
2.695
2,721
2,568
2.997
5.1*U7
601
2,099
2,701
5,736
5.926
5.189
607
2,030
2,001
2.530
16,1*03
IS"*?.
5.1*16
lllt,l*21
676
632
718
677
565
737
56U
71*1
721
869
2.083
19140.
19UU.
19^.
2. 71*7
3.556
3.51*7
695
563
5,206
1,511*
1,1*80
6.573
6.892
2,950
3.085
3,087
2,929
6.21*7
5.911*
2,2l*0
31*. 551*
Budgetary expeodltiires 2/
686
2,1*27
511*
1.253
930
656
635
725
895
887
1.528
818
1.598
1936.
1937.
1938.
521
539
1*80
1*92
1*7U
636
766
705
631
695
631
1939.
656
712
1.111
612
668
1.075
820
822
1.399
730
783
1.315
.11*1
2,628
6,372
7.570
8,202
2,629
6,119
7,862
3,1*21
3,753
3.955
l*.530
7.351*
7,1*66
7.1*35
8. 327
8.525
9.U33
7.859
7.96«
8.292
9.275
8.625
9.6U1
191*0.
19U1.
191*2.
191*3.
191*1*.
191*5.
51*6
7.1*60
566
691*
61*7
761*
5.160
7.112
8,110
8.557
571*
517
61*5
77U
706
1,529
5,215
7,617
8,119
7,35't
759
1,871*
5.931
7.535
7.930
6,611
5,937
7.U56
S,02l*
716
9,21*1*
'*57
635
7,751*
6U6
830
8.097
61*8
832
1,172
8.885
9.657
19,053
817
1,853
2,51*2
6,500
56,020
6.363
7,839
7,828
7,1*52
88,081*
8,Ul6
97,15s
331
171
296
199
-188
U,g72
1,956
157
2,1*1*7
5.950
Net budgetary deficit j/
1936.
1937.
1938.
293
300
198
262
316
166
-116
-200
-212
1*00
U30
1,898
177
1*05
221*
1*25
362
268
231
377
369
105
-115
193
156
1*51
195
ito
273
U37
1939.
19UO.
385
398
771
21*5
132
22
-167
517
U79
31*8
1*02
65
1*1*2
281*
1*87
1*32
3,967
3.823
1,185
739
536
1.637
1*55
71*7
258
1,133
1*8
750
339
237
252
1*99
531*
1.291*
1,329
10,201*
3.391
5.955
U,U13
5.105
1*,628
it,896
3.U0U
2,087
5,331
5,761
5,1*26
5,71*0
1.952
3.058
5.952
i.772
5,91*7
5,551
2,00l*
6,023
5,587
3.799
1,716
2.999
39.618
53.530
52.737
2.5l'0
5.01*0
6.190
5.862
i*.357
1.1*22
3.1*20
191*1.
22U
19U2.
2.050
1,871
-126
191*3.
5.581*
5,161*
2,11*7
191*1*.
191*5.
Source:
1/
U,823
U.6U5
5.359
3.693
Dally Treasury Statements,
Total receipts less net amounts transferred to Federal
Old-ige and SiirrlTors Insurance Trust Fund.
2U7
5.31*2
2,037
3.758
2.378
3.727
2/
^
Excludes public debt retirements.
Total erpendltures less net receipts.
3U
December 1945
BUDGETARY RECEIPTS AND EXPENDITURES
1940
1941
1942
1943
1944
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJ
1945
M
J
S
N
JMMJSNJMMJSNJMMJSN JMMJSNJMMJ SNJMMJSN
J
M M
J
1940
S
N
JMMJSNJMMJSN JMMJSNJMMJSNJMMJSN
1941
1942
Office of th« Secretory of the Treosury, Orvition of Reeeorch and Statistics
1943
1944
1945
B-I68-H
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
(In nllllon* of dollar*)
tmat
Total
fiscal year
or Bonth
funds etc
[hat racalpta (+)
or net expaadltnrea (-}]
,
federal Old-lee and
SuxrlTore Insiirance
Trust Tond
let
Becelpts
latlonal Serrlee Ufe
Xnraranca fond.
Expendi-
Xxpendl-
Sacetpts
ture a
UneBployBent
Tmet Aisd
.
Baeeipta
Het
tiires
-85
1936
1937
1938
1939
I9U0
267
+255
*BSk
136
19U1
-lUg
-3.506
-1,861
19^3
19UII
19l*5
February,
March....
April....
Kay
June
July
1(02
+10
717
267
Uoi
529
577
530
580
:i
+6
+30
+798
19lt5-J«nuar7.
+1
+1
+3
gito
-11,051
igUU-October..
November.
December.
Xzpenditurea
19
275
19l»2
Railroad
Batlrenent Accoont
1.190
1.363
+12
+1
1
707
931
1.185
1.357
1.377
+1
+11
-U
+11
26
2,127
893
2.102
19
19
309
+19
93
97
99
93
118
116
128
122
llU
IIT
129
+17
-lU
-3
2«U
233
303
575
+16
-12
+ll4«
3'*
5"*
639
+2i»6
265
-193
-305
5
+238
+101
29
+200
7
19
+2
+11
262
-JOO
36
220
23
223
-7
+9
+686
-1,050
+17
+290
39
313
107
22
23
''15
+51
+7t
-101
-3O8
August. .
September
-116
-50
-95
+36
+260
-286
59
283
11
October,.
+302
+27
52
+1*
-19
23
23
296
2
Xxpendltoraa
+2
-2
IU8
109
123
1U6
107
125
+U
-2
127
lUU
221
273
32l»
116
llA
217
275
323
3''
31*
u
3
l.lll*
1,118
U6
316
905
36
320
1,2>(1»
1.2't3
1.399
1.567
1,508
l,U0U
1.508
58
253
28
283
38
38
98
212
"3
81
227
U6
35
1*7
31
36
278
97
290
97
13
13
50
273
35
180
ISO
•
«
17
37
38
+30
-29
7'*
m
-10
+67
-U8
763
838
959
19
29U
751
837
957
Becelpts
let
2U6
120
199
179
169
+23
-13
89
96
+25
189
73
259
Ui
+6
Trust Accounts, Btc. Receipts and Bxx)enditure6
-
1.561*
1
•
1
3U
+1
1
35
•
(Continued)
(In mllllonB of dollars)
Other trust accounts 1/
Tiecal ^ear
or Dottth
Receipt s
itoe
386
19w.
+35
19U1.
igUa.
19U5.
19U4.
+20
+U6
+92
129
9%
19'*5.
+620
19Ul4-October..
+28
NoTSOber.
December.
au
Baceipte
-1)03
-99
-51
-5
U72
Transactions In checking accounts
of Oovenunent agcncioB* otc* (net)
MlBCellaneone funds
and accounts 2/
on tUrer
tures
2.020
838
327
325
331
+3U
+20
-k
Sei^lorage
Ibqaendl-
2.053
858
323
3U9
366
1936.
1937.
19381939.
Increment
on gold
S^endlturee
Total
Issuance of
obligations
(net) 2/
+108
+31U
+176
+l«
+90
2
+49
+16
+20
+11
39
+11*
US
-2
27
233
331
155
-3
292
-86
-207
-1.302
20U
768
+31*
J/
+1,105
+288
-lt.to3
-2,ff7l»
-1,178
-1.553
-95
-16U
-5
+1
-19
+21
-37
+57
-30J
+U1I
-U
-68
+301
-21
1.693
35
113
128
33
«5
93
Ul
130
311
253
-130
-311
-253
iw
135
122
103
-18
+137
+76
+73
1148
75
-7
-137
-76
7
April.
May...
June.
+10
+109
8l«
128
117
-71
-70
-51
+151*
-ll'7
1U2
-15
+70
+51
15
153
226
-778
-757
July
+53
-313
+209
-222
+26
266
+8U
179
Feljruary,
. .
August ....
Sept ember.
October.
355
82
1*3
302
35
-^
29
39U
-86
+55
86
58
+8
+21
-55
95
+17
-118
118
Daily Treasury Statements.
Source:
Back rigurea: For monthly data for the period July I9UI through July 19*+^,
and 12.
see "Treasury Bulletin" for Sept«ober 19*^. pagoB
•
Less than $500,000.
1/ Includes Oftverninent Retirement funds, etc.
(See footnote 2.)
2/ Comprises Public Works Administration revolving fund, special
deposits (net), and, during the fiscal years 19^0 through 19'+5.
H
y
-254
+852
-1,809
-69U
21(1
+20U
+1.302
March.
4
-1,069
-1.815
-1,500
-1.52?
+37&
-217
-3.625
-2.19U
567
820
1.072
19U5-Januar7.
Other
transactions (net)
71
-1U5
-8
-313
+It07
-89
+70
-267
+1.5
-51
+201
-10
-176
-Ul
+27U
29
2ll6
transactions In comnodlty food stamps by the Department of Agriculture.
Commencing July 1, 19*^, such transactions are classlflsd
as "other trust accounts",
Het receipts la this column constitute net sales, and net expenditures constitute net redemptions of obligations.
Details not available.
n
11
December 1945
Means of Financing Cash Requirements
(In millions of dollars)
Amount required to be financed
Means of floancln^
Vet
Fiscal 7sax
or month
Total amount
required
to be
financed
Net
budgetary
deficit
y
Net Increase
In General
Tund balance
expenditures
In trust
accounts,
Total aJBount
financed
Increase In
public debt
Net decrease
in General
Fund balance
etc.
Net
receipts
in trust
accounts,
etc.
2/
1936
1937
1938
1939
5.390
3.IU9
I.ISU
U.16U
lOltO
3,611
19U1
19UZ
622
71*2
llt«
356
6.515
10,662
3.506
l,g6l
58. [177
5.103
19.598
55.897
'9.595
53.9l«
6.023
5.587
15,626
6.023
5.587
2.999
5.991*
I9W*
igus
19ltU-0ctober.
.
November.
December.
I9U5- January.
February
March
3.1'»9
l.Wli
3.5te
3,611
23.U61
6U,27U
6U.307
19>»3
gllO
'•.550
5.390
5.078
3.1'»9
2.61*6
't.529
12.U33
193
371*
1.38U
7I1O
338
306
ii.l6it
3.^75
2,528
9U7
890
136
3.611
.OSl
312
128
5.9911
23. '•61
6U,27li
5.991*
23.1*61
6U,307
58.U77
6U.27U
6U.307
57.679
6.023
5.587
15.626
15.626
71*8
l*.76l
798
5.127
188
llW
639
2.630
2,292
2.036
238
U.6U5
3.693
U.6I15
ii.eus
3.693
3.693
1.778
1.300
2,51)0
2.5lio
2.51(0
21*2
j.oto
6,190
19,850
5.0'«
6,190
3.727
5,oiio
1.120
3.763
19.850
3,911
9
1,71*1
686
5.978
U,to7
1.517
5.862
'.357
116
5.978
50
lt,li07
1.1122
95
1.517
3.362
956
-980
2,615
August.
September.
October.
3,U20
3,ll20
3.1*20
-203
3.321
..
.
April
May
June
July
.
Source:
\J
.
Dally Treasury Statements.
Excludes amounts for public debt retirement which are chargeable to
the sinking fund, etc.
under special proTlslons of law.
Comprises trust accounts* checking accounte of Oovemment agencies.
,
2/
15.073
1,050
6,190
19,850
101
262
3.1*51
2,1*97
302
Increment on gold, eelgnlorege on silver, and miscellaneous
funds and accounts.
Increment on gold excludes ejqjendltures for
national bank note retirements.
etc.,
Treasury Bulletin
12
Social Security Program
Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
Cin mlllionB of dollars)
fiacelpts
Oroea receipts
Social Security taxes
JlBcal year
or month
federal Insurance
Oontrlbutlona Act
(Old-a^ Insurance)
Tsderal Tbemploynent
Tax Act
(ibemployment Insiurance)
1/
1937
1938
1939
igiici
19U1
19U.3
6oU.it
511*.!*
631.2
712.2
788.2
1,015.6
1,288.9
530.1*
6ol*.7
19W
1,1*72.0
19'*5
l,l*9't.5
58.6
278.5
U.9
267.3
u.o
I'ik}
IjUlt-October...
NoTember
December.
19U5-Januai7
B^bruaiy.
March
April
Key
June
July
.
.
Jbigaat
.
.
158.1*
179.9
181*. 5
3-2
11.2
•
111*.
328.0
6.2
.
September
October.
.
61*.
61.5
297-9
6.5
57-0
5l*.U
3
9.7
2.8
12.3
1.6
3.0
12.1
l.g
2.6
1*1.2
1*1*.
-12.8
217.1*
128.2
17'*.5
126.9
11*6.7
185-9
212.5
211.5
53.6
265.5
2.1
31.0
219-7
15-3
38.8
313.2
2.2
59.0
283.3
2.3
51.6
9
n.2
33.3
222.1
17.6
336.3
27.4
.
265,0
387.0
503.0
537.7
661.3
868.9
1.103.0
1.259-5
1,283.0
57-8
90.1
100.9
107.5
97.7
119.9
55.
1(6.5
.
receipt*
if
852.2
690.6
895.6
1.130.5
1,292.1
1,309-9
191*2
Less amounts credited to
federal Old-A^e and
3urTlvorB Insurance
Trust TaxiA
5.0
13-0
2.8
15.5
116.6
12.0
i^:f
3.9
U.2
5."*
Expenditures
Orants to States
or month
Total
AdmlnlstratlTe
expeneee
Old-age Add to
Add to
assist- dependent the
ance
children hllnd
1937.
1938.
1939.
182.7
332.5
191*0.
191*1.
191*2.
381*. 2
191*3.
191*1*.
527.2
52U.2
191*5.
1*91.3
3'*3-3
!(i*9.l*
50l*.l*
19ltl*-0ctober.
15.8
20.0
21.3
25-3
31.5
31.5
33.3
32.1
31-9
166.9
271.5
320.3
356-5
1*15-2
1*69.6
1*91.1
1*88.0
1*51.9
121*.
182.2
208.8
227.6
260.1
299-1
316.9
360.6
333-6
1*6.9
39.8
32.9
2.8
2.S
2.7
3S.3
29.6
30.0
29.1
25.0
53-3
31.8
36.1
2.9
2.3
3.2
1*9.5
Tebruary.
March
28.9
32.5
April
May
June
1*9.3
2.8
3.0
2.8
1*5.9
39-3
32.7
July
1*6.8
60.6
23.3
72.0
2-U
3-2
3.1
3.1
1*3.8
Au^st ....
..
November.
December.
l^h^J BXoxBTy
.
September
October.
Source:
1^
2/
.
Puhllc
Health
Service
Social Security Board
71 seal year
50.1*
35.7
29.2
1U.3
25.5
Unemployment com- Public
pensation health
adminl^ work
t rati on
U.6
5-2
t-^
6.2
63.2
7-1
69.1*
8.0
8.5
10.3
10.0
67-3
57.0
52.8
1.1
7.8
8.9
8.0
,5-1
1*1.9
58.9
58-3
63.0
70.3
55.1
36.3
10.7
10.9
10.7
6.5
6.2
5."*
2.2
.U
.U
.2
.5
.3
.3
•3
.6
.6
.5
3
.2
.7
9.1*
7.0
1.0
3.2
.7
.7
31.6
5.1
1.0
8.6
1.9
22.
l*.6
27.6
.8
.8
•
3.1*
.1
.3
.2
31.6
28.9
1.0
1.0
8
2.2
tl
.1
.2
22.1
3-''
-3
2.7
-1
d
8.8
1.2
2.3
11.8
-2
29.0
*!
19.1*
ll*.2
7.6
2.1
68.2
1*7
.U
7.1
56.9
.2
1.5
Dally Treasury Statements.
Lei: than *53«»X^'.
Formerly Title Till of the Social Security Act.
Formerly Tiiie iX of the bocial Security -Act. Includes amoxints equal
to appropriations to Hallroad Ifeemployment Inmirance Administration
Fund equivalent to amounts oi taxes collected with respect to the
period from January 193^ to Jxine 1939i inclusive, from en^jloyers subject to the Railroad Unemnloyment Insurance Act (See Table 3 of Section I).
Prior to January 1, 19^0, figures represent ooountB transferred to
the Old-Age Reserve Account.
From January 1 to July 1, 19^ "Transfers" were made to the Federal Old-Age and Survivors Insurance Trust
Fund.
Subsequently receipts have been deposited in the General Fund
of the Treasury and "appropriated" directly to the Federal Old-Age
and Survlvorc Insurance Trust irund. Amounts shown as transfers reflect deductions made for reimbursement to the General B\ind account
to cover administrative expenses, which are shown as expenditures in
3.1
3.8
u
5-5
11.1*
3l*.2
•
I*.
Maternal Services
and child
for
health
crippled
services children
2.1
2.7
3.0
3.3
U.O
U.O
3.8
3.8
3.8
10.8
.1
Child
velfare
service
1.0
l.U
1.5
1.5
1.5
1.6
1.6
l.U
l.U
.3
a
•
Sxcees
of
Managesient
Refunds
War
Manpower
Commission
of
taxes
(tJ.
e:q)endl<
turea
5/
S.
nnployment
Service)
Ui.o 6/
20.7
1.3
.1
1.8
2.5
2.6
3.5
2.8
U.2
7.U
195-5
115.1
215.1
209.7
322.5
357.8
3U1.3
311.7
279.8
U5.U
26.8
30.1
.3
37.8
-SU.g
2U.1
.6
.U
.2
.3
UU.l
2U.6
28.8
.1*
.2
.1
.1*
.5
.2
.2
U1.3
U6.0
13.C
66.6
•
.U
.3
.1
ly
Office for
Emergency
Department of Lahor
Section II. Table 1.
Includes only expenditures from appropriations made specifically
for administrative expenses relating to the Social Security Act;
namely, Social Security Board, Department of Commerce, and Department of labor; and administrative expenses reimbursed to the General
Fund of the Treasury under Section ?01 (f) of the Social Security
Act, as amended.
Beginning July 1, 19^0, Includes also admlnlbtra^
tive expenses under the Wagner-Peyser Act. Excludes administrative
expenses payable from other appropriations, principally for the
following agencies: Bureau of Internal Revenue of the Treasury
Department, and Public Health Service and Office of Education of
the Federal Security Agency.
Covered by appropriations by Congress.
Second Deficiency Appropriation Act. fiscal year 1938, appropriated
$Ul million for refunding to certain States portions of Fe-'-^ral
employers' tax for 193b collected under the Social Security Act,
December 1945
13
Social Security Program
(Continued)
-
Section I.- Budgetary Receipts and Expenditures
-
(Continued!
Table 2.- Railroad Etetlrement Account
(In mill Ions of dollars)
Sipeadltores
Bacelpta
final
jraar
or month
193719381939.
Carriers' Taxing
Act of 1937
19U5.
19UU-0ctoljor.
.
November.
December.
1-5
11(9.0
II1O.9
5.1*
2IU.8
262.7
3O8.8
-1.8
26.3
1.5
lU.U
55.?
3lt.2
.2
.2
.2
31*.
.2
.2
.2
i^.^
.2
.2
.2
35.5
3U.2
-8.3
-59.8
.2
.1
.3
179.9
178.6
-8.2
-59.1
.2
37.0
35-7
65.5
1.5
8.6
60.0
35.7
July
1.5
8.3
59. H
130.1
1.5
37.2
•
1/
.3
.2
,1
.3
Dally Treasury Statements,
Loss than $50,000.
Includes only expenditures from appropriations made spsclfically for
2/
.7
2.3
12lt.l(
2.5
2.3
.2
.2
April.
May...
June.
October.
1.2
-1.1
220.2
265.3
311.3
II48.5
.2
.2
Source:
2/
-8.7
-21.6
110.0
123.3
128.2
31*. B
September.
eipendltwes
IU6.U
107.1
120.7
1.2
Au^st ....
(trust account)
Excess of
Refunds
of
taxes
2.6
2.9
2.6
3.8
7.6
February.
March....
19'»5-January.
Transfers to
Sallroad Hetirement Account
1/
•3
13G.9
170.0
208.8
267.1
2S5.0
191*3 •
19I14.
Total
150.1
109.3
la.o
19110.
191*1.
I9iia.
AdalnlBtratiTS
espenses
ll.ll
32.7
-lli.2
-55.1
33.7
-It.lt
-65.3
admlnlatratlve expensee relating to the Ri llroad Retirement Act*
CoTcred by approprlatione from the Oenera! FWd of the Treasury.
Table 3.- Railroad Unemployment Insurance Act
1/
(In millions of dollars)
Sxpenditures
Receipts
risoal 7*ai
or nenth
Ballroad onsqployBSDt insurance
oontrl buttons
AdDlnistratlTs ax>
pensss (Railroad
Unecaployment Insurance Adoinistratlon
Total
2/
Tnnd)
1937
1938
1939
U.9
6.8
8.5
10.3
12.1
13.2
19110
19IH
191)2
191*3
19UU
191*5
19Ul*.0ctober...
Hovember.
December.
.1
3.2
19U5-January. .
f ebrUBiy . •
March
3.1
April
May
June
.1
3.1
Jnly
August ....
September.
.1
3.1
October...
Soorcs:
•
1/
2/
Daily Treasury Statsaents.
Less than $50,000.
Operated as Railroad Unemployment Insurance Jdmlnlstratlon fond.
Represents 10^ of contributions under the Railroad Unemployment
Insurance Act: the remalnlo); 90)1 is deposited In the Railroad Onemploymedt Insurance Account, Unomploymsnt Trust fund (See Section
Iicludes amounts appropriated to Railroad UnemployII, Table 3).
ment Insurance Administration l^lnd equivalent to amounts of taxes
collected for the period January 1936 through June 1939 from soployers subjsct to the Railroad Unemoloyment Insurancs Act. Thsss
amounts sggragated $15.0 million and were distributed by calender
Ssoeii of
eipandltuTAB
5/
TvoAk/
.5
.5
•5
5.0
10.9
5.0
.1
3.1*
6.U
2.5
2.2
6.0
U.l
-2.1
-2.1
3.2
U.7
3.7
8.9
8.2
1U.9
12.6
7.5
f:l
.1*
.U
.u
.3
.3
.3
.3
-2.9
.2
.2
.3
.2
.2
.2
.1
-2.8
.2
.3
.2
.3
:l
-2.8
.3
.3
.3
.3
9.9
.1
y
Transfers to Bailroad Utaeii|}loyiDsot
Insurancs Account
Ubsoploymant Tmat
.3
.3
9.6
9.9
.1
-2.8
.u
j/
U/
*>/
1937, $5.3 million: 1938, $6.8 million: and
years, as follovs:
for the first sli months of the calendar year 1939. $2.9 million.
These amounts are Included In Table I under federal Unemployment
Tax Act (unemployment Insurance).
Inclines only sxpsndlturss from appropriations made specifically
for adalnlstratlTs expensss relating to tbs Railroad tJosmploymsnt
Insurance Act.
Repressnts excess funds of the Railroad Oiemployment Insurance Administration rand (under Act of Oct. 10, 19l<0).
Cnrered by appropriations by Coi^ess.
Treasury Bulletin
Ik
Social Security Program
(Continued)
-
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fund
i^
(CumulatlTe from organization - In miXlionB of doXlare]
Expenditures
Receipt
End of fiscal
year or month
265.0
765.0
1,155.0
1.705.0
2.393.1
3,288.8
19UU.
267.3
782.7
1.199.6
1.792.1
2.536.2
3,502.8
U.720.7
6,116.0
19lt5-
7,5''9.S
7,021.3
I9U5- August
September.
October.
7.897.1
7.911.1
7.965.5
7,368.6
7.373.3
193719381939.
19I1O.
ig"*!.
i9te.
191*3
.
Source;
•
ly
Total
Appropplations by
CongreBB
Total
receipts
Inveetmenti
e^endltures
2.3
17.7
UU.6
87.1
1U3.I
SlU.l
301.5
U0U.7
528.5
'•,1*19.3
5.711.1*
5.U
19-3
7.1*27.8
U52.lt
669.6
51*3.7
936.1*
783-5
987.1*
1,013.1*
829.5
853.0
1,01*1.6
878.1*
Investment B
Total
267.1
662.3
1,177.2
1,738.1
2,380.6
3,201.6
U,236.8
1.7l'l*.7
12.3
39.1
65.9
2.397.6
3,227.2
U,268.3
93.1*
126.0
152.9
6.613.U
6,909.7
6.897.7
6.923.9
160.
163.2
In disbursing
officer'
account
.1
.1
113.
1.9
.1
3.0
.5
6.1
10.8
6.2
5.2
7.0
16.1
32.0
5,1*08.9
6,51*6.3
5.1*1*6.1*
157.9
In General
Fund
267.2
777.2
1.180.
E^ly Treasury Statements.
Leee than $50,000.
Includes transactions effected under the predecessor Old-Age Reserve
Unexpended balance
for
admlnletratlTe
expensee 2/
5.1*
19.3
35.1
99.5
209.8
359.1
I17.lt
138.6
275.6
528.5
537.8
537.8
Old-age
benefit
payments
Balance
Reimbursement
6,51*6.3
20.1*
2U.5
21.1*
35-1
38.0
39.1
38.7
325.1*
39.
6.S19.3
6,819.3
66.0
Account.
Under Section 201 it) of the Social Security Act afflendmente of
1939.
2/
Table 2.- Railroad Retirement Act
(OiuiulatiTe from organlsaticn - In millions of dollars)
Receipts
End of fiscal
year or month
Appropriations
by Congress
Total
receipts
U6.6
1U7.9
1937.
1938.
1939.
19M0.
Interest on
investments
1*6.6
268.1*
llt6.5
261t.8
38lt.9
1.1*
^98.
8.1*
3.6
191*1*.
85U.2
1,116.9
11.6
17.3
27.2
191*5.
1,1*68.1
1.1*25.7
kS.U
1,760.1
1,760.2
1.760.3
1.717.6
1.717.6
1.717.6
191*2.
191*3.
19U5- August
September.
October.
.
Source:
Benefit
payments
InvestmeDte
Unexpended balance
In disbursing
officer's account
In General
Fund
390.8
506.9
650.9
871.5
l.lWt.l
191*1.
Balance
Ejqjenditures
639.1*
1*.0
1*2.6
79.8
I85.6
298.7
68.1
82.7
92.1
87.0
1*19.9
51*6.1
10l*.8
676.6
811.0
952.5
I9U.9
333.9
515.6
976.
988.
783.3
771.2
758.2
1.002.1
6.0
1.6
2-3
1.8
10.5
11.7
12.8
36.6
66.2
67.2
.2
13.2
10.8
2.5
79.1*
71*.
91.5
178.0
3I8.5
500.5
1.6
.5
13.1*
ll*.7
656.5
6Wt.o
112.1
112.1
75-1
1U.6
668.5
U.l
1.1
ll*.7
15.1
Daily Treasxiry Statemente.
Table 3.- Unemployment Trust Fund
(Cumulative from organization - In millions of dollars)
Expenditures
Receipts
End of fiscal
year or month
1937-.
1938.
1939.
State
Railroad Unemployment
unemployInsurence Account 1/
ment
Insurance Railroad
Transfers
actlvl
f i-om
Total
unemployties
Transfers
Railroad
receipts
ment
from
Unemployment
Deposits insurance States
Insurance
i/
coatrlbuby
Administratlons
2/
States
tion FundU/
313.
1,076.
1,911*,
1*1*.
3,62l.i*
105.6
1*,717.3
181.
19"»3..
6,6lit,
5.935.0
271*.
191*1*..
8.180,
9,688,
,281*. 3
.
19U5.
191*5- August.
.
.
September
October.
Source:
y
2/
i/
10,020.1*
10,061.3
10,10l».2
Investments
8,51*0.3
383.7
502.5
8,861.1
8,860.8
8,912.2
503.7
532.0
532.1
Total
expenditures
Withdrawals
by
States
1(U.8
igte.
191*1
activities
2.8
18.0
310.6
1,058.2
1,869.5
2.729.3
2,857,
3,971,
5.215,
191*0..
State unemployment
insurance
1.0
192.0
633.
1.0
192.0
633.8
1,116.7
1.550.0
1,918.0
Tranefere
to Rpll-
Railroad
Unemployment
Insurance
Account
expended
balance
Ifti
InveBt-
road Unetn1/
ployment
Insurance
Benefit
Account
paynente
meate
312. l»
881*. 2
1,280.5
li».6
1,721*.
lU
2.283.7
3,150.1
1*3.2
l*.372.5
l*i!6
5,878.8
7.315.3
17.1*
281.1*
29.1
38.0
377.9
501.5
2,302.1
2,092.1*
2,152.1*
2,373-1*
2,222.5
1.8
105.9
105.9
105.9
105.9
106.3
106.lt
1*7.6
501.5
2,258.9
IO6.U
ltU.7
7.610.1*
106. '4
1*7.6
505-1*
2,1*10.0
2,1*65.1
ltlt.8
1*7.6
505.8
2.572.6
2,illt.0
2,1*21.1
106.1*
106.5
106.5
1*5.
7.596.1
7.531-6
1.8
105.9
105.9
105.9
105-9
106.3
iI;S
82.6
131.5
198.9
Dally Treasury Statements.
Excludes advance of $15 million from the Treasury and subsequent
repayment, both taking place In the fiscal year I9U0.
Represents 90^ of contributions under the Railroad Unemployment Insurance Act; the remaining 10^ is used for administrative expenses.
(See Section I. Table 3.)
Represents amounts transferre'' from States to Railroad Unemployment
1.133.1
1,688.2
2,065.1*
2,21*1.5
312.3
872.0
1,267.0
1.710.0
2,273.0
3.139.0
« 367.0
5,870.0
7.307.2
In
In disGeneral bursing
offi(Sp.eclal
cer's
Deposit account
Account)
5/
.1
12.2
13-5
13.'*
8.0
7.8
l.k
2.7
3.3
1*.0
8.5
7.8
.3
7,593.2
7,573.2
16.6
22.1*
.6
.5
7.1t83.2
1*7.7
.7
•
Insurance Account equlTalent to amounts of taxes collected, with
respect to period from January 193^ to Jxme 1939i inclusive, from
employees and employers who come within the purrlew of the Railroad Unemployment Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10. I9U0).
For railroad unemployment benefits and refunds.
3
15
December 1945
Appropriations and Net Contract Authorizations for the War Activities Program
As of October 31, 1945
Ikta
spproTed
Puillo
lav lo.
litis of ast
77th Coa^aia, first flstslon
f.1).
6,
ipproprlmtlont
^^
lat esatrmat
•nthorlsationa 2/
m
Ireastwy Bullet
16
Appropriations and Net Contract Authorizations for the War Activities Program
As of October 31, 1945 - (Continued)
appro T6d
Public
Law Bo.
Title of act
76th CoQ^rasa. Second Saaalon
Pell.
lU.
AporoprlatlonB
^
Hat coDtract
anthorisatlOHB 2/
December 1945
17
Cash Income and Outgo of the Treasury, by Major Classifications^
(In millions of dollare)
Rerlsed to adjust accrued discoont on U. S. saTln^ tonds from an
estimated to an actual basis.
Less than $^,000.
These figures are not Intended to reflect the bud^tarj position of
the GoTanunent, and vlll not a^ee with Inid^tary flgores on receipts, expenditures, and deficit such as those appearing in the
Dally Treasury Statement and In other tables in the "Treasury Bulletin". Jbr an explanation of the revisions made la Dally ^easuxy
Statenant flgorea to arrive at this cash series, see the "Trea^^uy
Bulletin", February 1939Includes "National Service Idfe Insurance T^d".
Comprlsee Public Building Administration. Public Roads Administration. Public Works Administration. Federal Public Housing Authority.
rlTer and harbur vork and flood control, Tennessee Valley iathor-
Treasury Bulletin
18
GENERAL
FUND
OF
THE
TREASURY
19
December 1945
Assets of the General Fund of the Treasury
(In millloDB of dollars)
BullloD, coin,
and currency
End of fiscal
year or oonth
2.936
2.709
Depoaite In
Tederal Heeerre
Bank!
Special depoalta
account of tales
of Goremnent
securities
(War Loan accounts)
Other deposits
and collections
865
1.863
827
862
3.o«7
2,038
1.191*
1.022
25U
19U1
igte
2.S12
3.W»3
661
10.11(9
98U
897
911
820
1,02U
191*3
191(4
603
1.038
708
1,500
1.679
7.667
18,007
22,622
10,609
10,223
22.717
835
785
825
998
1,122
1.335
8,21(2
533
8.002
20,261
315
295
20,077
1,01(8
1.38l(
1.51*7
17,866
15.265
13.055
292
15.722
807
792
779
777
688
708
l.ZZk
9.1*92
1,11(0
7.91*1
June
11.809
10,055
25.119
1.500
22,622
315
286
289
July
ingast • . • •
September.
22,U69
19,018
16.582
591
581
1.252
1.300
1.755
20,303
l6,87U
13.989
32U
263
265
October.
13.307
537
1.12l(
11.389
256
1936
1937
1938
1939
19«)
2,1(19
20.775
25.119
191*5
19I4J*- October...
HoTsober.
December.
19U5- January. ..
Tebruary.
March
17.73'»
i^ril
»taT
Source:
.
1.150
6U9
lUl
929
87U
1,1(1(2
57'(
611
776
8O5
58
55
52
95
105
1U3
265
533
507
289
357
Dally Treasury Statements.
Balance In the General Fund of the Treasury
(in millions of dollars)
^d
Balance in the
General ?und
Total
assets
Total
liabilities
2.936
2.709
2.U19
3,087
2,038
25U
156
203
she
1U7
2.682
2.553
2,812
3.tU3
179
191(2
191*3
10,11*9
19l(l(
20,775
25.119
607
i(a
2.633
2.991
9.507
20.169
2U,698
10,609
10,223
22,717
1(81
20,077
1*71
of fiscal
year or month
1936
1937
1938
1939
191(0
,
191*1
191*5
19U1(_ October
KoTsmber.
December.
191*5- January
.
.
1(52
618
2.ab
2.838
1,891
9.990
9.803
22,235
19.606
17.313
15.277
Tebruary.
March
17.731*
1(20
15.722
1(1(5
ipril
May
June
11,809
10,055
25.119
1*1(3
1(21
11,366
9.625
2U,698
July
August ....
September.
22,U69
19.018
16,582
386
387
22,082
18,631
1(1*7
16,131*
October.
13.307
U9b
12,813
Source:
.
Daily Treasuxy Statements.
U30
Treasury Bulletin
20
Analysis of Change in Balance of General Fund of the Treasury
[la
mllUoaa of dollarB
-
l*t lacroase or net decrease (-)J
Trust aeconnts, etc.
Chence dnrin^ fleeal
jeer or aonth
Total
chance In
Qeoeral
l^md
balance
Qeneral
and special
aeeoonts
Pabllc debt
accounts
2/
Total
Trust
accounts
lacrenant
on cold
8«igiilora^
on BllTvr
J/
MllMl-
Ch«cfclll^
laacoui
fond* and
account t
accoonts of
OoTormont
a^ndet,
«te.
-^.550
193«.
19371938.
193919M0.
-128
-338
-3.1'i? 1/
-3. 51*2
-9U7
-3.611
19'»1.
7U2
19>»2.
35«
6.515
-5.103
-19.598
-55.897
-^9.595
10,662
19"»5.
5.U75 6/
2.7't6|/
792 |/
3.280 5/
2.528
-85
275
136
3^
19
11
29
-U03
-99
-51
-5
176
Mo
90
90
108
311*
2
16
37
204
768
34
11
39
2U1
204
1,302
-217
-3.625
130
311
?53
-95
71
-16U
57.679
-lUa
-3.50S
-1.861
-U.051
798
7'»8
ll48
'',761
639
112
257
15,626
-193
-282
80
338
-138
137
21
76
-313
-7
1*07
':Z
6U,27U
6lt.307
20
lit
1U8
675
-2.191*
-11,1(03
-1.178
November.
December.
-5.127
-185
12,U33
-6,023
-5.587
-2,999
19lt5-jBnuary..
-2, 630
-i*,6U5
February.
March...
-2,292
-2,036
-3,693
1.778
1,300
-2,5'tO
2l42
238
101
262
April.
Kay...
June..
-3.911
-5, QUO
-6,190
-3.727
1,120
3,763
19,350
9
95
-i>;
-71
686
-1,050
1*62
15.073
-323
70
51
-778
July
-2, 615
-5.862
August ....
Septomber.
-3,1^1
-2,l<97
-'»,357
-l,'t22
3,362
956
•980
-116
-50
-95
-3.321
-3.'t20
-203
302
19Ult_0ctober.
Source;
•
1/
2/
^
U/
-1,71*1
Pally Treasury Statements,
Less than $500,000.
Excludes amounts for public
This Is the net budgetary deficit.
debt retirement which are chargeable to the sinking fund, etc.,
under special provisions of law.
This represents the increase in the gross public debt, except as
(See footnote 6.)
noted.
Comprises Federal Old-Age and Survivors Insurance Trust Fund, National *^ervlce Life Insurance Fund, Unemployment Trust Fund, Hallroad Hetirement Account, Oovernreent Ineurence and retirement funds
(See footnote 5.)
and other trust accounts,
Charges for retirement of national Dank notes are reflected In this
statement directly against Increment on gold. In the years during
(See footnote 6.)
which the retlreoentB were actually made.
^
6/
j/
101
35
2
-119
8
21
129
17
15"*
55
-222
26
-51
-llg
271*
-29
-86
Comprises Public Vorks Administration revolving fund, special deposits (net), and, during the fiscal years 191*0 through I9U5,
transactions In commodity food stamps by the Department of Agriculture.
Commencing July 1, 191*5. such transactions are classified In
the column "Trust accounts".
Expenditures for the retirement of national bank notes from Increment on gold for the fiscal years 1936 to 1939 (as shown below) are
not reflected herein, but are reflected under Increment on gold as
follows!
1936, $397 million; 1937, $99 million: 193S, $51 million;
and 1939, $5 million.
The Increases in the public debt shown In
the table "Means of Financing Cash Requirements" for the above fiscal years will not agree for the reason stated above.
Includes Inactive gold In the anoont of $1,087 sllllOD.
December 1945
PUBLIC
OF
21
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bulletin
22
Analysis of Issuance and Retirement of Public Debt
(In millions of dollars)
Public
dfibt outstanding
end of
fiscal
year or
montn
Tlical year
or month
5.078
ll*,121
36,1*25
2,61*6
9.589
9.621
19U1
19'*3
19lt4
ig"*?
15W4-Cctol)er.
.
.
November.
December.
Oertlflcatee
of indebtedness, special
series 2/
Cafih
33.779
37.165
71*0
lio.irto
3.275
2.528
13.081*
1*2,968
Ms. 961
72,
5.99"*
23,1*61
17,81*7
37.161*
136.696
201,003
258,682
6Jt,27l*
fe
7
8
3,035
2,812
2.159
2.567
3.151
10,1*62
2
3,11*2
l*,2l*l
1
596
5.S76
8.318
1*91
1
1
1,1*1*2
1*
6
3,11*2
303
17,911
2.896
U.lll
5,332
1*
131*
89I*
18,790
31*, 183
10,1*11
11.853 5,8l6
13.703 8.69?
58,358 33.671*
89,1*78 63,202
ll*,l*10
121,1+80 77,1*08
1,W2
18,790
31*. 183
1*91
2.1U6
6,991*
9,885
3.1*92
11
170
U.I50
15
U71
1*28
7.630
7.169
6.879
7.782
1*6
7
1*07
12,01(0
12.1*71
51*
U,6i*9
89
i*,li»7
1*29
12.229
6.557
109
l*,8ll
10,727
1.579
369
681
1*.187
9.1*66
2,1*70
1*88
2,1*70
519
6,133
9.785
11.818
6.122
7.303
U.336
7.1*1*8
M.336
^3^
3.1*1*1
161
10.118
6,575
3.UU1
103
IO.20I*
26,901*
262.01*5
263,001
262,020
3.362
956
-980
9.1*95
10,71*1
8.701
7.760
September.
10,837
5.96I*
October.
261,817
-203
9.915
6.3O8
.
1.1*73
170
M.I50
1*0.651*
.
3.035
2,812
71
51
11.81*7
12. 616
.
2,671*
M.761
15.626
il5.0O5
230.630
1,120
3.763
19.850
.
5,166
5.301
5.680
205
235,069
238,832
258,682
.
523
567
l,0l*l
3.1*92
if Til
Au^nist
2.978
1.751
1:1%
32
1.778
1.300
2U2
July
9.OU3
6.9U3
8.881
9. 809
10.638
Special
ISBuee
chac^B
6.092
10.928
22.762
71*8
233.707
233.950
June
2,671*
1,1*99
Certlficatee
of indebtedspecial
•erlai 2/
nets,
9.822
11.597
27.178
210, SWt
232,ll08
May
516
7.1*75
7.191*
.
.
Cash
1/
2.978
1.751
303
17.911
Total
changes
1.669
lUl
13
Febniary.
March
19U5-Jainiary
Special
iBBues
lt.776
30.388
122,632 91*. 961
153,785 123.958
179.159 129.663
307
57.679
SrcesB
Adjusted
profits
service
tax refund
bondj
bonds
8,958
6,199
13,166
61*,
^bllc Issues
Public isBxies
during
fiscal
year or
month
1936
1937
1938
1939
i9«o
I'jkz
Pabllc debt expenditures
(Hetlrenent of public debt)
Public debt receipts
(Ismance of pabllc debt)
Set change
in jmbllc
debt
Daily Treasury Statements.
Loss than $500,000.
Excludes certificates of Indebtedness,
SI
2II*
757
19
2/
9,073
6,836
11.552
5.571
6.651
6.931
5.852
5.801
7
10,71*0
6.077
8.066
U.6lt9
l*.ll*7
12
5.903
7.262
7.370
U.811
1,579
lU
12
1*,1S7
9.21*7
8,851*
20,801*
\l
11
ConelstB of special aeries of certificates of Indebtedness Issued
directly and solely to Federal Reserve BanJcs.
special series.
Composition of the Interest-Bearing Public Debt
Interest-bearing public debt outstanding
(In millions of dollars)
Percent of Interest-bearing public debt
Public Issues
Public Issues
End of fiscal
year or month
Anida
total
Marlcet-
able
Honmarketsble
7.21*3
1,308
1,302
38,281
57,716
1*,555
IO.I196
21,70l*
5.698
6,683
9,168
3.015
79,1*1*0
35,298
106,61*1*
1*6,090
17,1*05
23. ''97
9.557
10.136
17.936
17.936
23.039
9.075
9.990
1*2,376
26,751
191*1
1*8,387
30,1*11
191*2
71.968
135.380
199.5^3
256.357
208,608
81,1*66
210,771*
228,891
81.298
91.781
1*1,071*
.
230,672
92.1*17
1*1,858
.
231,851*
92,51*5
1*2,1*18
.
.
19l*5-January.
February
March
25,1*11*
232,026
92,572
April
May
June
233,063
235.761
256,357
92.572
92.572
July
August
255.781
6,383
ll:l
16.0
17-7
18.0
11.8
9.3
6.8
8.7
9.2
3.3
3.5
8.8
7.t
6.6
12.6
11.0
8.0
7.2
7.3
62.8
53.2
16,060
16,170
16.583
16.326
100.0
100.0
100.0
39.1
38.6
18.
1*0.1
17.9
9.861*
30,1*01
16,1*03
31*, 51*1*
39.9
39.9
18.
8,91*8
16.399
16.921
100.0
100.0
100.0
18.1
30.396
16,688
17.130
17.567
1*0.1
9.927
1*2,885
23.039
23.039
18.588
9,109
10,031
10.136
3l*,U78
17.01*1
te7
18.588
18,588
31*, 1*112
I7.0U9
34,136
100.0
100.0
100.0
39.7
39.3
17.01*1
17,923
18,592
18,812
10, Ilia
3l*,U72
3l*,U30
1*2.
lU.o
13.3
7.7
7.6
7.2
7.8
7.9
7.1
'*>
18.5
10.0
9.9
8.0
3.9
13.2
13.1
IU.9
7.1
7.1
7.3
7.2
Y.4
7.6
8.0
7.9
9.2
i*.o
14.8
14.6
13.3
7.3
1*1.6
18.6
18.9
18.0
7.2
6.6
7.7
7.9
7.3
18.1
18.1
18.2
9.0
9.0
9.0
3-9
3-9
3.5
13.3
13.2
13.5
6.5
6.6
7-5
7.7
7.9
9.1
3."
13.5
6.6
7.9
10,119
9.021
35.072
17.025
17.038
17.018
19.558
20,033
20,519
100.0
100.0
100.0
1*1.3
8.776
35.021
17.026
20.577
100.0
1*1.3
1*7.25/
October.
259.1*39
107,21*1*
1*7.296
23.1*98
Iblly Treasury Statements.
1:1
u.o
ll*.2
23.1*97
1*7.231
'*.3
12.2
lU.U
13.3
1*.4
1*7,021*
107.21*1*
4.2
1*.7
1*6,090
260.71*6
6.1*
S.6
8.5
10.1
106.51*1*
258.630
Source:
7.5
1.9
U.3
7-3
9.5
11.3
16,1*05
16,1*28
.
.
71
29.51*6
29.5''5
30,1*01
1*4!
Indsbt•dneee
abla
Special
Issues
3.2
3-3
3-1
6,120
7,885
10,871
ll*,287
nrkat-
Bills
29.7
25.0
18.2
15.1
52.6
56.2
60.3
63.7
63.1
9.81*3
38.355
39.018
11,861*
of
3lt.5
100.0
100.0
100.0
100.0
100.0
18,812
7. 1*95
1,603
2,508
Marketable
Oartlfloates
Hon-
3.8
626
1.558
2,676
3,770
4.775
17 !041
September.
.
SonMarketaarketable
abla
3.096
16,561
28,822
31*. 136
23.1*98
23,1*98
23,1*98
.
Botei
100.0
100.0
100.0
100.0
100.0
108.085
108,367
.
adness
1,151*
20,131*
22,01*3
Total
Indjebt-
2.35^
2.303
igw
November.
December.
Isffoes
g.i"*?
17.368
19l*l*-0ctober.
Special
11,381
10,617
32.989
35.800
36.576
39.886
19^5
alile
Oertlfloates
of
1,261
1,188
1.556
2,151
3,166
1936
1937
1938
1939
ism'.'.
Market-
Honmarkstable
Sonda
18.1*
lt.3
lt.3
6.6
December 1945
23
Detailed Statement of the Public Debt and Guaranteed ObllsatlraiB.
of the United States Government
PABT A - FISCAL YEARS, I936-I9U5
(la BllXloas of dollars)
2^^
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
FISCAL YEARS, 19 36-19U5-( Continued)
(la millions of dollsra)
Treasury Bulletin
25
December 1945
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B
-
HOMTHLY DATA-(Contlnued)
(In llllons of dollAri)
Treasury Bulletin
26
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
eiiik>*i
Public Debt and Guaranteed Obligations
270
1936
^
'37
'38
39
41
40
42
43
END OF FISCAL YEAR
44
45
Oct
'
31,
1945
Office of tiM Secretary of the Treasury. Division of Research and Statistics
1936
37
38
39
40
41
42
43
-END OF FISCAL YEAR-
44
45
Ocl
31,
1945
B-462-B
27
December 1945
Guaranteed Obligations Held by the Treasury
^
(In mlllioas of dollarB)
Commodity
Credit
Corporation
End of fiscal
7ear or month
1936
1937
1938
1939
19U0
U,030
3,630
3E3
273
lOU
19U1
i^us
302
191A
19lt5
19UU-Oetoher.
November.
December.
.
19l»5-January
February.
.
.
.
25
15
20
10
25
57
57
57
30 It
8,965
57
281
8,927
9,020
57
57
9,113
9.202
9.255
57
57
9IA
57
982
9.109
57
1.173
1,588
1.596
250
128
121
398
398
1.762
1.591
116
111
108
398
398
383
326
1U6
987
1.5116
398
12.1192
130
October.
12,269
1,688
111
383
•
9.239
9.213
9.067
11. SOU
383
383
383
Source:
3«7
351
32U
ueg
U39
1.602
1,679
.
57
57
57
398
398
398
1.72'*
.
9.078
9.201
9.206
276
266
25«
12.1»6g
12, '•27
.
u»
1.035
1.099
1.155
September.
.
9.020
57
57
57
57
57
11.312
II.U60
11.U9U
11,602
11.320
12.169
Au^at
52
366
108
263
Daily Treasury Statements.
less than $500,000.
1/
2U3
7
7.535
10,717
12.169
April
Hay
June
Tennessee
Talley
Authority
20
85
274
283
398
383
11.735
11.563
July
Reconstruction
Finance
Corporation
Home Ovnera
Loan
Con)oration
1>«
Moo
1.950
900
1.591
March
.
Federal
Public Houeing
Authority
1.030
'*.079
19't3
Federal
Farm Mortgage
Corporation
551
2.53li
212
580
1,010
8,lll6
5,033
1,010
961
These securities are not Included in preceding statements of goaranteed obligations outstanding.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Government
(Amounts in mlllionB of dollars)
Public debt and guaranteed obligations
Snd of fiscal
year or month
Interest-bearing
debt outstanding
Computed
annual
interest
charge
Confuted
nnnunl rate
of interest
Interest-bearing
debt outstanding
(Percent
135. 580
199. 51*3
2-518
2.285
1.979
1.929
256.357
i».96U
1.936
208,608
1.937
1.932
1-919
l,0li7
1,068
1939
hl.llSg
>t5.336
l,lli9
2.53't
32.989
35.800
.36.576
39.886
19110
li7.S7lt
1.203
2.511*
42.376
19I1I
5!*. 7117
1.335
1.729
2.759
3,869
U,969
2.1138
118.387
2.260
1.978
1.925
1-935
76.517
139.1172
191*5
19ltli-October.
.
November.
December.
19115-JBnuary.
210,088
212, 2UU
230.361
U,06l
February.
235". l6g
23.,96«
March
233.1'*5
April
Hay
Jtme
2311,1911
.
236,912
256,766
71.968
92li
1.933
1.928
1.916
210 771*
li,0Ul
i*.073
228,891
11.-393
I1.U57
1.920
230,672
ii.uea
U.llgS
1.9211
231,8511
1.1137
i.^»65
1.925
232,026
l,^172
U,512
U,570
233.063
235.761
256.357
1.I196
11,969
1.927
1.929
1-935
11.093
U,lil3
,
1.553
I-92I1
1.926
1-927
1-929
1.931
1.936
July
August
September.
260,265
261,261
260,156
5. 051*
1.9I10
259.781
5,oiia
I.9U3
5.078
5,051
1.9't3
i.gita
260.7I16
5.071
1.9"»5
259.630
5,0iili
1.9«3
October.
259,980
5.052
1.9113
259.1139
5.0U5
1.9'15
.
.
.
.
.
Co!iq}Uted
CoQ^iuted
awmmi
Interest-bearing
annual rate
debt outstanding] interest of Interest
charge
(Percent)
,
'
(In millions of dollars)
1.218
1,6UU
2.679
3.8U9
110,1165
2.573
2.588
2.579
201.059
256,766
8I15
9U7
1.037
1.095
970
19112
Confuted
annual rate
of Interest
(Percent)
2.562
2.582
2.589
2.600
2.583
37,707
191*3
19141
Computed
annual
interest
charge
Guaranteed obligations 2/
(In millions of dollars)
(In millions of dollars)
1936
1937
1938
Public debt 1/
11.718
1.665
1.853
5. '150
5.
98
Treasury Bulletin
2g
statutory Limitation on the Public Debt
Interest by the United States (except such
guaranteed obligations as may be held by
the Secretary of the Treasury J
shall not
exceed In the aggregate $300 billion outstanding at any one time.
Section 21 of the Second Liberty Bond
as amended, provides that the face
amount of obligations Issued under authority of that Act, and the face amount of
obligations guaranteed ag to principal and
Act,
,
Table 1.- Condition as of October 31, 1045
(In million* of dollari)
MaxlBtuD anount of aecurltiet which ma^ b« outstanding at any ons tine, under limitations laposed
of the Second Lllierty Bond Act , as amended
tiy
Section 21
300,000
Jobont of eeeorltlea outstanding «al)Ject to such statutoiy debt limitation:
U. S. OoTenunent secorttlee levued under the Second Id'berty Bond Act
,
ZJltU&i
as amended l/
Ouaranteod eecurltlee 2/
558
272.022
Total amount of fleeurltiee outstanding su'bject to statutory debt limitation
Balance issuahle under such aathority
l/
^7.978
Vor comparlBon with the public debt outstanding, see following
table 2.
2/
Sxcludes guaranteed securities held by the Treasury.
Table 2.- Analysis of U. S. Government Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, October 31, 1945
(In millions of dollars)
U,
S.
OoTemment
eecurlties outstanding
subject to
statutory debt
Umltatlon 1/
Interest-bearing securities:
Marketable Issues:
Treasury bills
Certificates of indebtedness...
Treasuiy notes
Treasury bonds
Postal ssrlngs and other bonds.
Total markBtable Issues
Nou'^narlcetable Issues:
n.
.
S.
_,
.
,
Bavln€» bonds
23.'>9«
107, 0U9
182.595
.
J Our rant
^^^^^^y
redemption Taloe.
,^J
TTdaeur7 tax and saving notes.
Depositary bonds
Total non-marlcetable IssaeB.
Special Issues to OoTeniment agencies and trust funde.
Total Interest-bearing eecurltlee
Prepc^mants.
Matured securities on which Interest has ceased.
Obligations bearing re InieresL.:
United States saving stamps
SxcesB profits tax refund bonds
Ourrency Items, etc. 2/
Total obligations bearing no Interest.
Total.
17,026
35.021
31
Mi
8.776
510
66.7'>9
20.577
269,921
5*
835
lUl
1.U3
Total
public debt
outstanding
December 1945
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 2)
As of October 31, 194S
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States i^
As of October 31, 1945 - (Contlnuedl
Treasury Bulletin
December 1945
31
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States li
As of October 31, 1945 - (Continued)
(In millions of dollara)
Detailed anmial matnrltiee
C«Krlptlon of iscurlty 2/
Tear
and
month
(Date of lavue It ahovn in parentheset)
Tax
•tatue
y
nxedatority
leeoee
1960-Har..
Dec..
2-7/«* Treae. bond. 3/15/55-60
2-3/U5( Treae. bond, 12/15/60-65.
..
(3/15/35
.(12/15/38
partially
part ially
J% Panaaa Canal bond, 6/I/61
bond,
2-1/U^ Treae. bond.
.(6/1/11
6/15/62-67
6/15/59-62
(S/S/its
(6/1/145
wholly
taxable
taxable
2-3/U)t Treae. bond,
2-1^*
Dec.
6/1 5/58-63
Treae. bond, 12/15/63-68
(6/15/ W!
(12/1/U2:
partially
taxable
Dec..
2-1 /2)S Treat. bond,
6/15/611-69
2-l/21t Treai. bond, 12/15/614-69
(U/15/U3
(9/l5/''3
taxable
taxable
1965-Mar.
Dec..
2-l/2)( Treae. bead,
2-3/l»)(
(2/1/ltU
3/15/65-70
Treae. bond. 12/15/60-65. ... (12/15/38
taxable
partially
Total.
1966-Nar
s.au
19 67. Jane.
Sept.
5.2814
3/15/66-71
2-l/2)t Treae. bond,
2-l/2)C Treai. bond,
2-l/2<( Treat, bond.
6/15/62-67
(5/5/''2
(6/1/1.5
6/15/67-72
9/15/67-72. .•• (10/ao/Ui
taxable
taxable
taxable
919
196g-Dec
2-l/a^ Treat, bond, 12/15/6>68
1969- Jane...
Dec....
2-1^^
Treat, bond,
6/15/6H-69
^-1/2J( Treae. bond. 12/15/614-69
5.197
1.1485
1,1485
5.197
i.tss
3.1481
2,118
7.967
2.716
2,118
taxable
2.831
("./i5/i»3;
taxable
taxable
3.761
3.838
Total.
919
7.600
(12/1/U2
(9/l5/'*3
2.831
3.761
3.838
10,683
Total
5,28>»
919
3.H81
(12/l/Ult:
2,118
2.831
5.197
Z-l/Zi Treae. bond,
2,611
2.118
7.600
Total
1.1485
50
2,831
19gl(-Jvina.
2,611
50
2,118
1963- Jane.
nnal
matnrlty
2, 611
1.1485
2-l/2)( Treae.
1563-Jttne...|
Tlret
call
rized-maturl ty
Tlxed-maturlty
lieuea plue
levnei plue
callable liauee callable iisnee
cUislfled by
claaeifled by
year of flret
year of final
call
matturlty
1.1485
Total.
1961-June.
Total annual aaturltles
Callable tseuei
claaeified ^j year of:
10,683
2,118
2,831
7.600
7,600
1970-Mar.
2-1/ii freae. bond,
3/15/6^70.
.
(2/l/W»:
taxakle
5.197
5.197
19T1-Mar.
2-1/2^ Treat, bond,
3/15/66-71
iXZ/l/W.
taxable
3.1481
3.1481
1972-Jtaie..
Sept.
2-1/2^ Treae. bond,
2-1/2^ Treae. bond,
6/15/67-72
9/15/67-72
(6/I/U5
taxable
taxable
7.567
2,716
(10/20/141
Total.
Source:
u
SJ
Treasory Statammt, and rsportt to the rreaaory.
Ixcludet (1) pottal taTlngi bonda and (2) fadaral HDa*in« Adnlnlttratlon dabantnrat (tba onlj Intartat-baarlac piibHc marketabla g-oarant««d taourlti*! ontstandiac).
It thould be aotad that callable leeuee i^aar tvlce is tble eolnan,
oDce in the year of flret call end i^ala In tba jear of final aatoCallable lertiee vlth reepaot to which a definite notice of
rlty.
call hae been aade. hoverer, are lleted at fixed aaturltlee.
Dftlly
10,683
10,683
federal eecurltlee fall Into three broad grot^i vlth re^)ect to 1bpoeltlon of federal Incone tazee on Incone derWed therefroo.
"Mholly" tax-exMBpt aeoorltlee are exei^t froa both the normal end
enrtax ratet.
*Fartlall7" tax-exe^}t eecnrltlee are exempt froo the
nontal ratee eicept that la the oaie of partially tax-ex*g)pt Treaaory
and earlnc* bonde, interest derWed froa t5>000 of principal aaount
owned by any one holder le aleo exei^t froa the eortax rates.
"Taxable" •ecnrltlee are vnbject to both noraal and eartaz rat««.
Treasury Bulletin
32
Offerings of Marketable Issues of Treasury Bonds, Notes*
and Certificates of Indebtedness
tOTBi of
offarlae
vere
niutianced
Xerllest
date
on irtileh
Period to Batiirlt7
tlon
Tteserlptlon of seenrlty
were
(Date of IsKoa is ahovn Is parentheeea)
Aaount issiud
Asionnt
of cash
oomerclal ffnbscrlp(Period to first call
•hown In parentheses)
1/
bfffike
nay own
restricted
Issues 2/
tlons
tendered
excbanc*
for other
u
Mcorltloa
(In mlllloBi ef dsllart)
3rd War Loan eeourltles:
8/16/U3
IO/6/U3
g/g/"*:
10/6/1.3
8/16/1.3
2-1/2* Ttmi. bond-12/15/6l*-69
Treai. bond- 9/15/51-53
C.rtlflcato- 9/1/'*'*
7/8*
(9/15/1*3)
(9/15/'*3)
(9/15/1*3)
2)t
Certificate - lO/l/W*
7/8*
2-1/2* Treaa. bond - 12/15/61*-69 If/
Treas. bond - 9/15/51-53 5/
Certificate - 12/1/1*
lo/6/U3^ 10/6/1.3I 2*
'11/22/1*3
U/22/U3
7/8*
l(th
ii/a2/'t3
l/sU/Wt
5/2/W.
1/lS/W
i/au/uu
3/2/l*lt<
3/22/Mt
3/22/1*1.
lt/2U/l4it
U/2U/UI*
War Loan seourltles:
bond
1-1/2* Treat, note
Certificate
7/8*
Certificate
7/8*
2-1/1** Treat,
-
3/1/1*5
6/12/l*W
7/20/1*1*
8/214/1(4
8/2l*/W*
8/21* /W*
8/21./1*!*
9/20 /Wt
9/25/W*
l*/l/l*5
-
S/l/tS
7/8*
7/8*
1*
7/8*
11/20/1*!*'
note
Certificate
Certificate
Certificate
Certificate
I- 1/1** Treaa.
^/19/l*5
5/li*/U5
5/a/U5
5/a/l*5
.90*
Treat, note -
7/23/'t5
8/20/1^
7/g*
7/8*
CertificateCertificate-
9/12/U5
10/29/1*5
(21 yr,2 m)
(
7
jT.llu)
^
^
5,391
3,519
59
1,580
1.939
5'.
2,729
ii627
1,102
3,5to
2,212 X/
3.728 1/
2,212 1/
3.728 1/
5.0U8 1/
9/15/53
532
59
26 yr.l m
15 yrj «
1 yr
(21 yr.l n)
(12 rr,7 m)
1 yr.l B
26 yr
15 rr,6 m
1*
yr,6 a
1 yr
1 yr
(21 yr) 8/
(12
yr,6«) 8/
2/1/5U
9/15/'»6
2,212
3,728
5,0U8
5.01*8
JJ
2.127
77
2/l/>
9/15/46
2,127
77
?'
3.7't8
lt.S77
3. 71*8
877
1.615
It.
1.615
25 yT.9 B
10 yr
2 yr.9
(20 yr,9 n) J/
( 8 yr)
2/1/5^
11 m
2,909
5.825
2,909 1/
5,825 1/
1,91*8
1,91*8
'*,770
'*,770 1/
1/
2.909 1/
5,825 1/
1,91*8 11
"1,770 1/
IO/I/U5
(10/1/1*1*)
1 yr
3,1*92
3,"*92
3,69"*
788
J/
1/1/1*6
(12/1/1*1*)
(12/1/1*1*)
(12/1/1*1.)
3/15/66-71 n/.. ..(12/1/1*1*)
12/15/52-5"* 11/....(12/1/1*1.)
(12/1/1*)
3I15N 11/
(2/1/U5)
2/1/1.6
26 yr,3 B
10 yr
2 yr,9 B
1 yr
(21 yr.3 b)
8 yr)
(
12/1/5"*
3.l*i*8
3.1*8 ll
7.922 2/
1,550 1/
'*,395 1/
7.922
1.550
'',395
1 yr,l B
26 yr.3 B
10 yr
(21 yr,3 b) 12/
8 yr) 12/
(
2
yr,9ml2/
1
3,"A8I/
7.922 11
1.550 1/
I*.
395 1/
3.U16
3,Ul6
7TO
7W
12/1/51*
yr
5,01.3
5,0*3
3/1/1*6
I./1/U6
(3/l/''5)
1 yr
l*,l't7
l*.il*7
(U/I/U5)
It,
(5/l/'*5)
811
1,579
l.,811
S/l/ltS
yr
1 yr
1
1.579
7/
.
8/20/1(5
1 yr
26 JT.2 m
9 yr.ll m
1 yr
2.511
2-1/ZS Treat, bond- 6/15/67-72
2-l/lt* Ireu. bond- 6/15/59-62
1-1/at Treae bond-12/l5/50
Certificate- 6/1/U6
7/«*
7/23/'^
3.779
5,257
U.122
2.511
3,69"
788
7th War Loan aecurltlee:
Vll/ltS
3.779
5.257
U.122
1 yr
1 yr
1 yr,6jilO/.
(9/1/W*)
(12/1/1*1*)
Treae, note
3.779
5.257
122
I*,
(11/1/1*1)
Certificate- 12/1/1*5
.90*
7/8*
7/8*
7/8*
7/8*
(8/1/Ul*)
(12/1/W)
2-1/2* Treat, bond
Treat, bond
2*
9/15/53
8/1/1*5
9/l/'*5
3/15/1*6 U/
Treae. bond- 3/I5/66-7I
Treae. bond-12/15/52-5'*
Treat, note- 9/15/1*7
11/20/1
1/22/1*5
2/19/1*5
3/22/1*5
i./19/U5
(2/l/W*)
(6/26/lA)
(6/26/Ul*)
ll/20/l*U
2/19/1*5
y
6/I/U5
11/17/wt
(21 ]rr,3B)
8 yr)
(
yr
]_/
Certificate-
U/IT/IA
1/22 /Its
(U/l/W*)
(5/1/t^)
(6/26/1*1*)
Certificate Certificate Treat, note Certificate -
2-1/2*
2*
1-1/U*
7/8*
(2/1^)
(3/15/W
3/15/'*7
6th War Loan aeourltlaa;
10/23/Ul*
(2/1/1*1*)
(2/1/1*1.)
^te-
1-1/1** Treaa.
7/20/1*
(2/1/Ul*)
y
2-1/2* Treat, bond- 3/15/65-70
Treat, bond- 6/15/52-51*
2*
7/8*
(2/1/1*1*)
9/15/'*8
5th War Loan ««curltleB:
U/li(/lA
(2/1/1*1.)
j/15/65-70
9/15/56-59 5/
-
1
2/
2-1/2* Treae. bond- 3/15/65-70
2-1/1** Trea.. bond- 9/15/56-59
Certificate- 2/1/1*5
7/8*
Treat, note .90*
2-1/2* Treae. bond -
(10/15/1*3)
(9/15/1.3)
(9/15/1*3)
(12/I/I.3)
26 yT,3 B
10 7T
(6/1/1*5)
(6/1/1*5)
(6/1/1*5)
(6/1/1*5)
(22 yr)
(lUyr)
17 yr
5
yr.6
6/15/62
6/15/52
lyi
7/l/'l6
8/I/I16
(6/1/1*5)
(«/l/l*5)
1 yr.l
S/X/M6
lSN>*b)
1 yr
7,967
7.967 1/
7.967 1/
2,635 1/
2.635 1/
".799 1/
5,2*1/
5,281*
2,635
U,799
1
'»,79S
I*.
1
lyr
U
910
>»,910
2. '70
2.1*70
•»,336
Viotory Loan aeourltiea
2-1/2* Treat
9/2U/U5
9/2U/1I5
bond-12/15/67-72
2-lA^
Treat. bond-12/l5/S9-62
7/g*
Certificate- 12/1/1*6
7/g*
C«rtiflb»te -
10/1/1*6
(11/15/1*5)
(11/15/1*5)
(12/3/1*5)
(10/1/U5)
27 yr.l m
17 yr.l B
(22 yr.l m)
(ll» yr.l n)
12/15/62
12/15/52
lyr
Bade riguret: Tor period DeceBber 19"*! through July 19''3. eee 'Ireatury
Bulletin' for HoTtBber 19"*, page 32.
1/ In the caae of the reopening of a prerloaely offered aeeurlty. the
""
period to flrtt call and to aaturlty are calculated froa the date
Intereat coBBencea on the reopening.
2/ Rettrlcted lituee are tboae which coDmerclal banka (defined for thle
purpose at banki which accept desand depoalta) are not permitted to
(1) concuracquire prior to a specified date, with two exceptions:
rently with the Uth. 5th and 6th War Loans and the Victory Loan,
coBBerclal beolcs were perBltted to subscribe to the restricted laaue offered In the War Loan for United Inveatment of their sayings
deposits; (2) coBBerclel banka nay teoporarlly acquire restricted
leaues through foreclosure when such Issues have been used at
collateral.
^/ ConBlsts of all public cash tubscrlptlone and of subscriptions by
U. S. Ooyernment agencies and trutt fundt.
12/
11/
lyr
3,1*140
8/
10/
IT/
W
a/
3,1*1*0
Beopenlo^ of prerlously offersd security.
Interest commeoced on October 1^, 19^3*
Announcesent of exchange offering vas Incited In annonncament of
Third War Loan, August l6, I9U3
PlgursB on amount of War Loan securities Issued consist t>oth of
amonntB Issued In connection with the Brlre, and of amounts Issued
concurrently with CrWe to coouDsrclal banks and to Treasury Inrestment accounts.
Interest commenced on March I5, 19^*.
Interest ccmoenced on June ?6, I9W*.
Interest conmenced on September 15, 19'*'*'
This Is the same security that was offered In the Sixth War Loan.
Sixchanged as of December 1^, 19^ and accrued Interest charged from
December 1 to December 1%
Amounts not yet arallable.
.
1/
U/
December 1945
33
Dleposltlon of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
But* of
for
iaonnt of
Mstnrlnc
or called
oaonrltj
oatitandlnc
Inscription of callod or maturln^c
•ocarltx 1/
exchAB^
truxaaetlon or
of rAtlrenant
for c««h
(Stoto
of
Iftvoo Is
shown In psrontbssss)
iaoont
for cssh
rotlroaont
iaonnt
?src»Bt
SXSbBll«Sd
oxehAn^d
Isserlptlon of nsv
ssoarlty offorsd
traatftotioa
(Is millions of dollars)
8/2/'t3
9/15A3
Certlflcato Tross. not* -
7/8*
1*
8/1/U3
9/15/U3
(8/15/U2)
(6/15/ltO)
IO/15/U3
3-1/U* iT.a.. fcond - IO/15/U3-45.
IO/15A3
C.rtlflc«ts - II/I/U3
7/8*
Oertlflosto - 12/1/U3
7/8*
1-1/8* Trsa.. not* - 12/l5/'*3
12/1/U3
12/15/U3
2/l/lHt
3/l5/>A<
7/g*
7/8*
«/l/irt
7/fflt
9/l/W
7/8*
9/15/W*
3/lt*
1*
is/isM
2/1/U5.
(ll/2/lt2)
(12/l/lt2)
1,939
260
Usi
3,51*0
95
93
7/g*
7/8*
(I2/I5/38)
2.035
3.800
U21
(2/1/39)
(2/1/53)
2,ai
llU
8U
2,127
96
95
835
571
130
12
76
705
80
(5/l5/>)
(7/3A1)
(5/1/3^)
V3
(Vl6/3^)
1.519
Si
(11/1/39)
(6/15/39)
i/l^/Vk..
gj
1*.729
i5l
810
(3/15/3^)
6/1/1*5^
8/I/U5
9/l/lt5<
65
3,919
83
93
98
99
7/g*
7/g*
7/g*
90
7/9
to
9/l/'''»
(9/l5/'»3)
U!l22
U28
',877
1.615
2.511
3.69U
Trsas. note Irsas. nots -
9/l5/W»
(I/31A1)
g/lS/"""*
(12/22/39)
635
283
33
98
602
185
•
918
130
788
86
10/1/U4
(10/l5/'*3)
3.519
U/l/UU
(12/1/U3)
3. 51*0
lu
3.1*92
3.'»l6
p
(I2/15/2U)
1.037
126
911
(2/l/llU)
5.0lt8
(7/2l/'>l)
Ul2
Totsls for sxchan^ transaction of 2/1/U5...
5.1*60
2/l/U5
2/15/U5
Treas
note
.
2-1/2* Treas. bond
l-l/3( Irsas. nots
7/8*
.yHt
92
96
U16
5,01*3
92
2,109
99
12/l/W«
-
9/15/56-59
3/15/65-70
-
9/l5/>t8
Csrtlflcats
V1/H9
CertlMcats
5/l/Vi
8/I/V5
Csrtlflcsts
Csrtlflaats
9/l/li5
Treas. nots -
3/lS/l*<
Csrtlflcats
Irsas. nets
%n
9/15/1*7
12/15/52-51*
.
U.Si»9
10/l/>«4
3/1/1*5
2-1/11* Irsas. bond >
l-l/b* Trsas. note
Trsas bond
2*
2-1/2* Trsas. bond
395
1*00
Csrtlflcsts Csrtlflcats -
'
3/15/66-712/
{7/8*
Csrtlflcsts
2/1/U6
7/8*
Csrtlfl5sto
3/1/1*6
3/1/U5
(S/lA"*)
2,127
3/15M
(3/l5/'M)
(9/25/ll2)
1.600
18
225
60
i*.i*5l
30U
"*.l'*7
93
(U/l/lH»)
'*.S77
99
98
7/8*
7/8*
Csrtlflcats
Certificate
U/1/U6
1,615
66
35
>t,811
(5/1/1*)
(6/26/lH»)
l».T70
[.90*
7/1/1*6
723
88
96
trsas. nots
755
583
32
'*.187
(6/1/39)
Totsls for sxchaacs transaction of 6/I/U5...
5.525
615
1*.910
89
(g/l/Wt)
2.511
Ul
2.1*70
9«
7/g*
Csrtlflcsts -
8/1/U6
g/l/lt?
Osrtlfloats (9/1/*)
7/g*
(9/16/35)
a-3/M* trsas kond - 9/15/1^-^7
Totals for axehsngs traasaction of 9/1/1*5
3.691*
265
307
572
3.1*29
7/8*
0«rtlflea*s -
9/l/l>£
1*,336
93
75
gg
(10/l/lt>*)
3.1*98
52
yVUi
7/8*
Osrtifleats -
10/1/)|£
3/U*
Treas. note Treas. nots note .
3/15/U5
Csrtlflcats Cortlflcats -
U/l/lt5
Certificate 7/g*
1-1/2* HOIC bond
6/I/U5
7/8*
7/g*
7/g*
Csrtlflcats-
5/1^5-.
"
•
S/l/US-'*;
8/1/^5
-
10/1/1*5
9U
270
371*
.
7/g*
Osrtl floats -
IO/I/U5
fcr psrlod Ososabar 19l«l throofb Jnly 19>*3 •••
•IreasuPT SolletU" for loraabsr I9W*. pa«s 33.
n^iTss:
1*83
l.g5
Csrtlflcats7/g*
1-1/8* CCC note
90*
1,223
5.251
Irsas. tond - 12/15/1*-5U
.
gU
98
78
81
IS
(U/lJ A3 )
(5/1/U3)
(8/2/U3)
Totals for sxchan^ trsnsaotlon of 3/1/^5*.
S/l/ltS
19
5/l/'A
d/l/UU
l-l/l** Trsas
>t/l/>t5
111*
U/l/Ml*
M*
g/l/lA
83
-
Csrtlflcats Certifteats
Csrtlflcats -
1.161
-
Osrtl flcste
Osrtlflcate
Certlflcste
Certificate
Tlt$
7/8*
.90*
3/1A5
7/g*
239
Totals for sxebaii«s traasactlOB of 9/li/^.
10/l/UU
12/1/Wt
97
l.UOl
2/1/W
'
1.556
.(10/15/33)
3/l5/'*-6lt
IWC Iwad
s/l5/W,J,9
nxc bond
't/15/W*
aiC nots
5/l/Wt-52
HOLC Iwnd
lt/l5/wU6
Xrau. V>nd
Tress, nots
3/15/"*
3/I1*
6/15/tit
Tress, note
lotsls for exchsa^s trsnssctlon of
3-l/U*
3*
1*
3*
3-l/U*
1*
53
279
2-1/2* Trsas. bond - I2/I5/6U-69
Trsas. bond - 9/15/51-53
2*
2/1/ltl*
1-3/e* rfBA sots
Cartlfleato
7/q(
1,609
279
1.21U
i*.9oe
1/
Zl
.iJL
1.579
90T
Orl^aal call
1
99
md
Batnrlty
da^a
ars ussd.
lot aralljkbls to ooBsrclal banks.
5/1/1*6
Treasury Bulletin
3^
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Amounts
!
mlllloas of dollars)
Description of new Issoe
Anount of
Pate of
Issue
igUli-Oct.
Oct.
Oct.
Oct,
5*
13.
19.,
26.
Not.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dae.
Dae.
19U5-Jan.
Jan.
Jan.
Jan.
Trt.
Fat.
Maturity
date
19'<5-Jan.
U.
Jan.
Jan.
Jan.
11.
18.
25.
Tab.
7.
Ik.
21.
28.
k.
11.
12.,
23.
8.
Teb.
uti.
Mar.
15.
Mar.
Mar.
Mar.
Mar.
21*.
31.
1,153.5
1,227.1
1,229.2
51.5
75.9
1.318.1*
1,21*8.1*
69.9
2,065.8
2,U36.U
2,085.8
2,075.2
2,022.1
l,31i*.2
1,255.1
1,310.2
1,316.1
1,302.5
1,31U.0
1,21*9.6
1,253.1*
91
91
91
91
1,8U2.8
9.
16.
23.
30.
91
91
91
91
91
Sept
6.
Sept. 13.
Sept. 20.
Sept. 27.
17.
2k.
May
June
June
June
June
21.
28.
July
July
July
July
12.
19.
26.
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
6.
Sept. 13.
Sept. 20.
Sept. 27.,
Dec.
Dec.
Dae.
Dec.
Source;
l,20U.9
1,303.0
1.302.6
1,258.0
1,252.7
30.,
31.
7.
lU.
5.
2.
U.
11.
18.
25.
1.
8.
15.
23.
29.
6.
13.
4.
19146-Jan.
3.
11.
18.
Jan.
Jan.
Jan.
10.
17.
2U.
25.
67.1
72.0
66.2
1.315.8
1,310.2
1,300.1
1,308.7
Hot.
Hot.
Not.
Not.
Not.
Oct.
Oct.
Oct.
Oct.
1,137.8
1.135.0
1,151.0
1,152.8
2.056.7
2,027.9
1,891.8
1,888.0
Oct.
Oct.
Oct.
Oct.
Aug.
Aug.
Aug.
l,20l*.9
1,207.0
1,217.2
1,202.3
91
91
91
90
12.
19.
26.
Ailg.
51.1*
2,198.2
2,195.0
July
July
July
July
Aug.
1,262.1
1,138.6
1,260.6
1,261.7
2,157.''
lU.
21.
28.
5*
1.21*7.7
l,21l*.l*
91
Juna
Juna
June
Juna
7.
1,300.6
1.313.5
,
1,203.7 2/
1,251*. 6
91
91
May
10.
17.
l,31'*.3
1.932.1
2,078.5
2,061.5
1,216.3
1,203.8
1,206.6
19.
26.
15.
3.
1,311.0
2,26l4.l»
91
91
91
91
56.1
58.7
1,21*9.8
1,21*2.7
50.1*
l,2ll».l
52.6
52.9
1,210.9
1,205.8
1.209.9
1,210.2
65.1 1/
U9.1t
73.11
57.8
57.5
50.3
66.0
17,01*1.2
,252.9
,255.1
,262.1
,263.0
51*.
5
52.3
51.0
51."
1,315.8
310.2
300.1
308.7
31U.2
17,039.8
17.037.0
17,OUU.3
50.6
58.3
58.9
63.9
310.2
316.1
302.5
31U.0
17,01*1.1
17, 031*. 7
51.9
58.0
68.1
60.1
1,317.1
1.303.9
1,318.2
1,310.3
17,029.1
17,035.8
17,023.1
17,02U.9
1*9.
l,31l*.3
l,307.«
17,027.5
17.038.9
1,938.6
2,008.2
2,006.0
91
91
91
91
;
2,159.1
2.157.5
2,048.0
2,08U.7
Data on no» iaeuei coma froB Public Debt SerTlce; anount of BSturlng
lieue arel total bllla outstanding are on Dally Treaeury Statejlent
baala.
Back Tigurei: Annual Peporte of the Secretary of the Treaanry.
ReTlied.
r
16,398.7
1,318.1*
91
91
91
92
91
2,093.7
2.073.5
1,300.6
1,313.5
16,1103.3
«;
2,028.5
2,233.0
l,932.U
I6,lt0«.l
16,1*OU.O
16,1*03.5
l,31l».3
16.393.9
1*9.
91
91
91
91
2,02l*.7
1,311.0
16,1*05.1
,261*. 8
1.302.3
1.309.8
1.305.3
1,317.8
91
91
91
91
l6,UiU.7
17,032.8
17.033.7
17.0U9.3
2,071."*
1,986.1
16.U27.6
1,218.0
1,312.6
1.313.9
1,308.9
1.303.0
1,302.6
91
91
91
91
1,956.1*
16.1*1*3.7
1,201*. 9
1.311».l*
l,30i*.9
16.1*1*2.0
60,8
63.2
56.0
2,01*3.1
2,0U1*.7
2,01*6,9
16,1*1*9.8
l,2lll.8
1*6.0
1,311*.3
1.307.1*
1,307.1*
2,256.3
1,206.9
1,215.5
1,218.2
16,723.6
16,808.9
16,920.7
2,0U8.7
2,012.9
2,029.9
2,067.9
2,2't3.0
16,1*58,3
l6,l*0i*.5
l6,6ll*.5
1,21*3.2
2,112.8
l6.35l».7
16,509.2
1,271.1
1,313.1
16,156.5
16,259.9
207.0
217.2
202.3
1,317.1
1,303.9
1,313.2
1,310.3
2.092.1
2,109.3
15,71*9.1
15,857.8
15,965.1
16,059.6
201*. 9
l,25l*.0
2,l61t.O
Total bills
outstanding
(as of date
shovn In
first column}
203.7
59.0
60.5
62.7
66.6
60.1
91
shoini In
first column)
1.25'*.l
2,l»65.0
23.,
26.,
2,2110.9
2.356.3
1.161.9
1,253.9
91
10.
19.
91
91
91
91
91
1,218.0
1,312.6
1,313.9
1,308.9
2,lg3.<)
5.
12.
8.
5.
12.,
2,308.0
2,197.0
l.97'*.8
l,93li.U
Apr.
Apr.
Apr.
Apr.
Amount on
fixed -price
basis 1/
91
90
91
91
2,0U0.8
1,868.2
3-
8.
Amount on
competltlTe
basis
91
May
1.
Total
amount
91
91
1.
15.
22.,
29.,
Mds
91
Telj.
May
May
May
May
Kay
1.
tendered
8.
Ttt>.
Apr.
Apr.
Apr.
Apr.
23.
Amount of
matiirlty
Amount of
naturlng
Issue (as
of date
accepted
15.
22.
29.
May
May
Mar.
Mar.
Mar.
Mar.
Mar.
1.
Toll.
Hunber of
days to
Mds
1.233.9
1,255.0
l,25l*.2
1,251.7
1,251.5
1,21*6.5
1,253.9
1,253.0
1.252.7
1,310.6
1,305.5
1,312.1
1,237.1*
1,317.0
1.318.7
1,267.6
1,265.3
l,3li».5
1,257.1*
1,310.6
1,309.0
1,260.3
1,256.1*
53."
57.1
50.3
52.6
1,306.1
1,302.0
1,306.7
1,300.6
1,257.6
I18.5
1,21*1.0
1,21*7,6
61.0
5U.6
53.0
1.310.5
1,311.0
1.309.6
1,310.0
1.263.3
1,256.1
1,256.1
1,251.1
U7.1
5U.9
53.6
59.0
1,252.0
1,252.1
17,01*8.7
17,01*8.9
17.037.5
17.0Ui,3
1,307.1*
17.oi*5.9
1,313.1
1,311*. U
17,01*3.5
1,302.3
1,309.8
1,305.3
1.317.
17,0Ui.9
l,30i».9
17.023.9
17,02U.3
17.028.^
1,310.6
1,305.5
1,312.1
17,038.1
17, 031*.
17.035.5
17,018.3
17,026.1*
Coaaendng with the offering of Ireaiury bills date* May 12, 191*3,
tender! for bllla In the aaount of $100,000 or lese from any one
bidder vere accepted in full at a fixed price of 99.905 per hundred.
Thli anount waa increaa«3 to $200,000 or leas commencing with the
offering dated NoToBber 30, 19U1*.
Include! accepted bide, the depoalta for which were not reflected In
tba-Bally Treaaury Statement until the following month.
December 1945
35
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total %ldB aceaptad
Date of
CompetltlTe bide accepted
High
Average
price
par faanlrad
Bqulvalent
average
rate l/
per
hand red
(Ferc«Qt)
19l4U-Oot.
Oct.
Oct.
Oct.
Hot.
Hot.
Not.
KOT.
Sot.
Doc.
Dee.
Dec.
Dec.
0.375
0.376
0.375
0.375
99.908
99.910
99.909
99.913
O.36U
0.360
0.360
2.
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
0.375
99.913
99.913
99.910
99.910
99.908
0.31*
0.3IA
0.356
0.356
99.905
99.905
99.905
99.905
375
375
375
375
99.9O8
99.910
99.910
99.910
0.36"*
99.906
99.90«
99.905
99.905
0.373
0.375
0.375
0.375
99. 908
99.910
99.915
99.910
0.36lt
99.905
99.905
9.
16.
2l».
30.
7.
lU.
21.
28.
U.
11.
18.
25.
Apr.
Apr.
Apr.
Apr.
Mv
May
May
May
May
per
hundred
(Percent)
99.905
99.906
99.905
99.905
Jan.
Jaa.
Jan.
Mar.
Mar.
Mar.
Mar.
Mar.
1/
5.
13.
19.
26.
I9U5-JM.
Feb.
Feb.
Teb.
Feb.
Low
Zqal Talent
rate
*qul Talent
rate
1/
(Percent)
99.905
99.906
99.905
'9.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.356
0.336
0,356
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.910
99.910
99.911
99.910
0.356
0.356
0.352
0.360
99.905
99.905
99.905
99.906
0.376
0.376
0.376
0.376
0.36U
0.336
0.356
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
0.3UIJ
O.36I*
0.356
0.356
0.356
15.
99. WF
23.
99.906
0.375
0.375
0.375
0.376
1.
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
0.375
99.908
99.915
,
99.910 2/
99.908
99.910
99.905
99.905
99.905
99.905
0.376
0.375
0.375
0.375
99. 908
O.361*
99.908
99.910
99.908
O.36U
0.356
0.364
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
0.375
99.910
99.908
99.908
99.910
99.910
0.356
O.36U
0.36U
0.356
0.356
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
1.
8.
8.
1;.
22.
29.
5.
12.
19.
26.
3.
10.
17.
2U.
31.
0.36>i
0.356
June
Juna
June
June
lU.
21.
28.
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.908
99.908
99. 908
99.908
0.36U
0.36U
O.36U
0.36U
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
July
July
July
July
5.
12.
19.
26.
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.907
99.907
99.9O8
99.9O8 1/
0.368
0.368
O.36U
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
Aiig.
99.907
99.908
99.908
91.909
99. 908
0.36I*
0.356
O.36U
99.905
99.905
99.905
99.90U
99.905
0.376
0,376
0.376
0.376
0,376
7'
0.36lt
0.368
0.36U
Aug.
Aug.
Aug.
Aug.
2.
9.
16.
99.905
99.905
99.905
23.
30.
99.9011
99.905
0.375
0.375
0.375
0.375
0.375
Sept.
Sept.
Sept.
Sept.
6.
13.
20.
27.
99.905
99.905
99.905
9Q.905
0.375
0.375
0.375
0.375
99.909
99.909
99.910
99.908
0.360
0.360
0.356
O.36U
99.905
99.905
99.905
99.905
0,376
0,376
0,376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.909
99.907
99.907
99.907
0.360
0.368
0.368
0.368
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
Oct.
Oct.
Oct.
Oct.
U.
11.
18.
25.
Source:
Public Debt SerTlce.
Back Flguree: Annual Renorte of the Secretary of the Treaeury.
1/ Bank dlecount baale.
2/
Ijicept $2,000,000 at
J/ Sjcept $75,000
99.95.
at 99.925.
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
Table 1.- Sumary of Sales and Redemptions, by Series
(In BllllonB of doLlara)
Maturities and redemptions
Sales
iaoont
HbcaI Tear
or Bonth
ontata&dlttg
end of
fiscal Tear
or Bontb l/
Bet ch^D^e
Sales to
Inrestors
other than
commercial
banks
(hiring
flecal year
or Bonth
Sales to
coBBerdal
Accrual
of
redemption
Interest
accroed
Original
por chase
price 2/
Tallies
2/
All Berlei i/
+25U.1
261t.O
*83.5
't38.0
+630.5
+1,036.6
512.6
587.5
684.5
1,108.7
+1,:
1,'<0?.3
1,1*92.1*
1,1*92.1*
+5.
5. 87'*.
5,99l*.l
5.99l*.l
+U, 068.0
11,788.7
13.350.0
15.'*97.7
ll*,890.8
11,788.7
15.139.5
19361937.
193* •
1939.
316.1
799-6
1.237.7
1,868.1
19110.
2,90'».7
19U1.
19W.
U.JlU.O
10,188.2
21,256.2
JU, 606.1
19U5.
!i5,585.6
+10,979."*
19U1^.0ctobep .
HoTenber.
37.6W.7
+321.1*
695.0
69l*.l»
.6
.308.2
S: 360.8
+663.6
+2,052.6
1,023.1*
999.7
2.353.5
23.7
DBcember
1*1,11(0.3
19b5-Janttar7.
l»l,698.2
2.3*5.8
i
li(,l(66.7r
1,073. 8r
779.5
1.07U.2
^d
81(8.0
81(8.0
i
58.1
^l:
32.1*
M
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
1*2.1
111*. 3
65.0
87.5
127.6
223.2
387.0
11*8.1
207-1*
8l(«.3
2,370-9
>t.
298.1*
11.1
35-9
65.6
80.0
110.8
11*2.8
200.9
81*1.3
2.357.8,
5/
.3
1.1
2.0
3.5
n
7.0
13.1
5/
398.2
380.0
362.9
2.1*
K6.7
3"»1."*
338-7
320.7
2-7
2.U
26.9
22.6
32.0
1(00.6
382.1*
365.3
2.U
2.1*
March
"12,159.5
889.1
889.1
3S!o
^1:1
1*55-8
8.0
J^rll.
W6.1
837-6
837.6
+l,l"*l.l*
1,5"(0.1
1.51*0.1
32.0
27.8
396.1*
1*19.1
Jtm*.
U5,5«5.6
+1.818.6
2,178.1
1,850.5
327.6
1(03.6
1*26.5
1(03.2
7-1
tiMT...
1*2,625.6
t3. 767.0
22.6
+922.6
+206.6
l,29"*.5
li6.71>».8
U6,7ln.2
+26.'*
511*. 1
1.271.9
699.7
511*. 1
U6,786.3
+1*5.1
62U.5
62"t.5
Jul7
An^oBt
September
i<£,5oe.2
Octotwr..
699.7
"*3.7
5/
56.5
38.0
50.7
U28.U
531.1
528.1*
'^
5/
36.7
616.1
5/
1.2
7.2
17.1
28.0
42.1
11.2
36.2
66.6
82.0
114.3
65.0
85.9
92.0
96.0
103.3
147.5
132.7
88.2
'If
Serial i^I 6/
316.1
799.6
1.237-7
1.868.1
2.904.7
19361937.
193«.
1939.
191(0.
191*4!
19U519l(l*-October.
Soramber.
D»ceabflr
19l*5-Jajmai7.
Tebroarjr.
March
U0.8
142.2
126.2
81.8
71.7
.8
3.637.2
3.636.3
3.638.0
+1-0
-.9
6.7
u
1.7
1.1
6.7
6.0
+7-0
14.9
8.3
7.7
8.0
6.0
25-9
7.0
5.3
20.3
,645.0
,647.3
1629.1
3.578.9
3.571.6
3.564.9
3.551.1 1/
Ootohar
I
•
65.6
80.0
-46.1
+3.8
+16.8
-39-5
585.3
Saptaa^r.
.8
.1
.1
i
U.l
745.5
,597.1
July
tagiMX ....
828.0
I*
3.60U-2
3.608.O
3. 624.8
3.585-3
613.6
iprll.
May..Jima.
264.0
512.6
4«7-5
684.5
1.108.7
828.0
191*1.
19>*2.
+254.1
+483.5
+438.0
+630.5
+1.036.6
.1
.1
2.3
-18.2
142.8 ll
5/
5.0
3
1.1
2.0
3.5
!;!
5/
.7
.7
-7
1.0
5i
-15-5
-16.5
-11.9
6.9
5.7
8.8
22.4
22.2
20.6
4.8
4.8
5/
-6.4
:U
15-9
8.7
7-3
22.3
16.0
14.1
5/
-13-7
6.7
20.5 1/
5/
aarlaa I 3/ 8/
3.670.8
11,286.6
21,124.8
29.097-1
1942.
1944.
1945-
3 ."67.
7.615.8
+9,838.2
7.972.3
:.099.9
1.845.9
60.0
688.0
2,094.7
3.825.2
20.7
18.9
15.8
22.2
372.5
353.6
333.7
370.9
351-9
332.1
1.6
1.6
1.6
U,553.'»
1.5
33-1
118.4
264.8
598.6
8O6.8
1.855.3
3.526-3
8.271.3
3.526-3
8.271.3
U,819.7
U.553-4
11.8197
60.0
688.6
.6
5.2
1944-Oototer.
BoTanbar.
Deooabar.
23.501.7
23.970.8
244.9
469.0
25.51'* 5
1.543.8
598.6
8O6.8
1.855-3
1945-Jamiai7..
Vsbruary.
March. ..
26.041.9
26.428.0
26.760.2
527.4
386.1
332-2
803.8
653.2
712.1
803.8
653.2
712.1
29-4
23-4
26.5
305-9
290.5
406.4
304.2
288.9
4o4.1
1.6
1.6
2.3
27.109-3
27.948-5
29.097.1
349.1
839.
684.4
1.194.7
1.467.7
684.4
1.194.7
1.467-7
23-4
ao.4
32.8
35«.7
375.9
351.9
356.5
373-4
2.2
2-5
2-5
1.031.8
571-3
420.1
37.U
27.6
31-1
375.4
485.0
486.6
S2.6
1-3
-35-5
1.031.8
571.3
420.1
482.6
1:1
-24.8
509-7
509.7
27-8
562.3 1/
557.3
5-1
i^irtl.
Urn,...
Jima.
July
Ao^oat
Saptenhar.
29.790.9
29.904.8
29.869.3
Octohar
29.844.4 1/
. .
l,lil«.7
693.8
+U3.8
(Contlmiad on follovlng page)
3"»9-3
2.8
December 1945
37
Sales and Redemptions of United States Savings Bonds
Table 1.- Summary of Sales and Redemptions, by Series
-
(Continued)
(Continued)
(In mllllone of dollars)
Sales
71ecal year
or month
Amount
outstanding
and of
fiscal year
or month 1/
Vst change
dorlnc
fiscal year
or month
Maturities and redemptions
Sales to
Inrastors
other than
commercial
banks
Scdes to
commercial
hanks
Accrual
of
redenption
Total
Tallies
Original
purchase
price 2/
Interest
accrued
2/
S«rte« » i/ 2/
l9Wt
U98.9
l.Zte.J
1.995-7
753-'*
19l»5
2. 6olt.lt
2.121.5
2.158.5
2.277.6
IShS
IS"*}
igltll-Octolier..
608.7
U3U.9
757.9
802.2
679.1
U3U.9
757.9
691.2
5U2.6
8.2
13.7
111.0
136.5 r
+37.1
lt2.7
13.5
3U.U
119.1
12U.7
UU.l
2,3lU.6
2,338.0
2.357-3
37.0
U2.0
30.7
26.5
U1.8
30.7
26.5
April
Hay
June
2.376-3
2.U33.3
+19.1
57.0
|3.l
62.9
2, 6oU.lt
171.2
178.0
103.5
July
Au^flt
September.
2.61t6.6
+lt2.1
U7.It
8.0
.
.
2,661.7
2,673.8
15.1
12.1
21.6
17.8
October.
.
2,67't.l
*.3
7.9
2.U1U.3
5.119.2
7.860.8
10.298.8
2,020.3
2,70U.9
2,7Ul.6
2,U37.9
2,032.1
2.759.5
2.875.6
2,658.3
2,032.1
2.759.5
2,628.5
2,370.8
19W*-October..
NoTember.
December.
8,38U.2
8,5U2.6
8,930.6
67.3
158.3
388.0
82.8
173.9
U05.9
158.5
191*5- Januaiy..
March
9,138.8
9,28U.9
9.UI2.9
+208.2
+IU6.I
+128.0
228.3
16U.1
150.5
228.1
I6U.I
150.5
April
Hay
June
9.526.U
9.788.2
10,298.8
113.5
261.8
510.6
130.1
282. U
532.U
130.1
282. U
3O8.3
July
10,U91.8
10,576.7
10,633.2
193.0
8U.9
215.3
September
56.5
106.
76.3
200.7
106.8
76.3
October.
10,716.6
83.
106.8
106.8
.
SoTember.
Decemlier.
I9U5- January.
February
.
March
.
23.it
19.2
13^)
13m
13^5
February.
Au^Bt
Source:
r
5/
2/
8/
.1
8.3
10.6
2.9
17.0
l.U
1.3
l.U
6.8
6.9
7.0
6.7
6.9
6.9
.1
2.U
1.3
1.8
7.U
8.6
7.U
8.5
9.0
.1
1.8
5.8
.1
1.7
2.1
7.7
8.9
5.8
7.6
3-2
1.7
2-3
s.u
8.2
8-0
18.
9-1
57.'*
5/
5/
•3
5/
.1
.1
.1
.1
.1
5/
^.
9.8
7.9
Series
igiia
2.9
17.0
57.7
89.3
.2
2.5
8.8
5/
I
5/
5/
J/ 2/
Daily Treasury Statements.
ReTlsed.
Less than $50,000.
At current redemption values except Series G. which le stated at par.
Estimated, except for Series 0.
For detsila concerning Investment yielde and redemption values, see
"Treasury Bulletin" for May 19'*5' P»€« ^-^•
Commercial tank purchases were permitted prior to April 1, 19'^t
and are estimated to have aggregated about $3^ million.
Not yet available.
Series A^D, sold between March 1935 and April 19^1, are 10 year
discount bonds sold at 79* of maturity value, yielding 2.90'i per
annum if held to maturity; Tiurchasee were limited to $7,500 Issue
price In any calendar year and from ^ril 1, IS'+O. could be made
Series A bonds began to mature In March 19^5only by individuals.
7or Information on the approximate monthly distribution of maturities during 191*5 see "Treasury Bulletin" for March 19^5. page A-2.
The small amounts of siatured bonds which have not been redeemed remain in the amount outstanding.
There were $12U.3 million of Series A-D and 1 savings bonds redeemed
through October yi, 19^5 vhich had not been identified by seriesTor purpoee* of this table, it hsa been ass'<:aed that all of theee
were Series 1 bonds.
Series E, en sale since Kay 1. 19^1. is a 10 year discount bond
2U7.I
287.5
82.
.u
15.t
21.8
38U.1
^
;
22U.1
ll».5
11.8
5U.5
I3U.0
11.8
5U.5
I3U.0
220.
220.
15.5
15.5
17.9
15.5
15.5
17.9
20.1
18.0
22.
20.1
18.0
16.6
20.6
21.8
16.6
20.6
22.2
21.9
19.
22.2
21.9
19.8
23-5
23.5
22.
21.
sold at 75S of maturity value, yielding ?.90/t per annxim If held
to maturity; pttrohases are limited to $3(750 issue price in any
calendar year and may be made only by individuals.
have been on sale since May 1, 19^1*
Series F and
Series 7 is a
12 year discount bond sold at fhit of maturity value, yielding 2.531^
per annum If held to maturity.
Series S is a 12 year current income bond, sold at par, bearing Interest at the rate of 2-l/2ii per
annum, redeemable at par on maturity or at stated prices less than
combined in any
par before maturity. Purchases of Series 7 and
one calendar year are limited to $100,000 issue price ($50,000 in
Commercial banks were permitted to purchase
calendar year 19^1).
bonds during the calendar year 19^ undar certain
Series 7 and
conditions ("Treasury Bulletin" for December 19**^. page 36, footnote 9); and from June 18 throu^ June 30. 19^5 they were again
permitted to make such purchases, subject to the following limitabonds from June IS through
tions:
(1) purchases of Series ?and
Jxine 50 were not to exceed the annual Holt of $100,000; and (2)
combined purchases of Series 7 and G bonds, I-I/2IC Treasury bonds
due 12/15/50, and lfSi» certificates of Indebtedness due 6/1/U6 may
not exceed 10$ of the combined amount of time certificates of deposit of individuals and non-profit corporations or associations
and of savings deposits, or $500,000. whichever may be less.
Treasury Bulletin
38
Sales and Redeaptlons of United States Savings Bonds -(Continued)
Table 2.- Total Sales by Series, Classified by Denominations
Percsnta^ dlitrllmtion of aalaa
Salsa la mllllont of dollars at laaua prica
Tlical 7«mr
or month
Total
all
danoalaatlons
Daaoalnatloa
»10
»25
$100
*V>
$200
$500
$1,000 $5,000 $10,000
i/
Total
all
denominations
Banomlaatlon
$10
$25
$50
$100
1/
$200 $500
$1,000 $5,000 $10,000
1/
Ssrlas I
19lt2..
19W.
3.526.3
8.271.3
11.819.7
19U5..
11.553.'*
19UJ..
I9iu»-0ct
Hot.
Sac.
19145-Jan.
Tat).
Mar.
615.6
3111.5
812.7
2.988.2 1.081.0 1.713-8
U.IU9.I I.6U2.5 2.583-5
69.2 3.927.7 1.72l».e 2.1)06.2
109.3
126.3
233
'
108.8
165.5
U57.6
301.
12U.7
112.0
122.;
153-5
118.2
127-5
7.7
7.3
8.9
285.3
3U1.3
358.3
U5.2
123.1
157.7
178.8
2I16.5
160.
317.9
227.1*
322.7
233.6
182.8
127.9
76.0
205.0
103.8
73-6
213.8
86.7
91-1
598.6
806.8
1.855-3
9.6
6.1
ii67.7
8O3.8
653.2
712.1
6.0
U.7
7-7
296.2
269.1
6EU.lt
May..
Jnna.
1.19U.7
July.
inf..
1,031.8
571.3
Sept.
1120.1
8.U
8.3
8.9
Oct.
509.7
6.8
1.W7.7
636.9
1.007.3
1.396.9
1.325.7
281.9
301.2
100.0
100.0
100.0
100-0
1.119.5
i.itei.o
2.01*7.8
2.099.7
36.6
52.3
8it.5
12lt.3
288.3
1*02.3
77.3
50.8
llrf.l
100.0
100.0
100.0
17.5
9.7
23.0
36.1
35-1
34.0
13.1
13-9
20.7
11-5
18.
.s
37.3
25.2
15.7
12.6
-7
36.9
-7
Ul.2
1.1
1*2.3
15.5
17.1
17.2
1*1.7
16.8
28.6
U
13.2
12.2
-3
99.0
281.6
376. u
100.0
100.0
100.0
100.0
100.0
100.0
l.U
2.1
U0.9
29.6
222.0
82.0
U9.I
I1O.8
70-2
100.0
1-3
I.7.J
20.8
18.2
20.5
1*7-1
100.0
100.0
100.0
5l».0
li».9
1.6
98.3
99.0
5'*.1
a.
18.1
12.2
11.8
1.1
.6
.6
21).
ll).l
.8
31-7
17.9
17.3
18.2
6.1
8.7
10.5
15.5
i5->*
19.1
18.1
17.9
9-6
7.8
7.6
18.2
15-1
13-9
18.0
20.6
21.7
7.9
13.1*
1U.S
23-6
25.6
21).
15-5
21-7
1*3.5
19.9
18.2
17.5
12.1)
16.8
18.1
8.3
7.1
ik.i
11.7
1*1.9
17.0
17.9
8.0
13.8
Series 1
191*2
^
191)6
19U5.
.
.
19l)))-0ot
U3lt.9
1-3
757-9
802.2
679.1
l».0
5-6
5-1*
19.6
2U.8
2U.9
20.0
27-5
U0.6
I10.9
32.7
.9
1*2.7
.2
.u
.7
Hot.
Dee.
1.3
121). 7
1.1
"•.3
2-3
7.5
19l)5-Jaa.
1*2.0
.!»
l.U
Teb.
Mar.
30.7
.2
26.5
-3
.9
.9
1.9
1-3
1.2
23.1
62.9
178.0
.2
.6
.8
.9
1.1
2.1
2-9
1)7.1*
.1)
1.5
21.6
17.8
.2
.2
.7
.«
13.7
May..
Jnne.
Jnly.
int..
Sept.
Oct.
19U2
W"*?
19UU
19U5
11
2.U
1.0
1.1
123.6
210.1
213.3
167.3
91.7
170.2
162.7
127.5
171.1
3O8.3
35U.8
326.2
100.0
100.0
100.0
100.0
5.0
12.7
39.8
3.2
9.7
28.8
ii:i
U3-1
9.2
6.8
U.5
3.3
3-1
3.0
100.0
100.0
100.0
1.6
5.U
.8
3-1
-9
3.5
22.U
16.9
13.2
100.0
100.0
100.0
-9
-7
3-1*
10.2
25-5
12».9
100.0
100.0
100.0
6.3
6.0
U.U
13-7
17.U
23.6
21.
1.0
28.
u
27.7
26.6
2U.6
31.9
21.8
20.5
22.9
16.1
16.5
18.6
53.2
2.9
3-3
U.6
U.2
t-5
3.7
'•^
1.6
U.8
5-7
2-5
27.2
27.6
13.3
19.2
21.8
12.0
UU.l
U0.6
70.2
3-2
5-1
26.2
26.5
31.U
18.
19.7
22.9
U6.U
U5.5
33.8
'•.3
22.0
9.8
U.l
6.0
100.0
100.0
100.0
1.2
^3
2.7
1.6
2.6
100.0
1.3
'*.5
6.7
33-9
20.8
32.8
U06.2
883.8
526.3 11.157.3
O5U.2
520.7
1)67.6 1,035.6
100.0
100.0
100.0
100.0
2.5
3-0
3.8
3.3
5.6
28.U
29.2
32.8
31.8
20.0
19.1
18.1
U3.5
U1.9
36.6
39.0
2U.U
50.5
iiu.o
100.0
100.0
100.0
3.9
9.3
9.2
2:5
u.2
38.1
37.6
3U.7
8.7
.U
2.032.1
2.759.5
2,875.6
2.65S.3
50.9
81.
113.0
108.8
88.5
2U9.6
221.9
3-2
6.6
lUO.8
16.0
35-3
85.8
578.1
SO5.7
9U2.3
8UU.7
.8
.8
6.8
8.7
8-3
19-7
19U5-Jan..
Tet..
Mar..
228.3
I6U.I
150-5
U.8
3.6
3.9
61.2
UI.9
U6.9
32-7
23.6
26.3
115.
85.3
63-1
100.0
100.0
100.0
2.1
10. u
2.2
2.6
6.3
5-'
6.9
26.8
25.5
31.1
ipr..
May..
June.
130.1
10.2
25.U
31.3
uu.s
101.8
120.0
2'*-5
532.U
9.8
11.9
5U.3
69.8
U6.8
91.1
299.U
100.0
100.0
100.0
2.9
3-5
2.2
7.9
9.0
5-9
Jnly.
lag..
Sept.
215-3
106.8
76.3
18.6
9-9
7.2
77-9
31-U
Ul.O
21.6
15-9
72.U
29.0
19.2
100.0
100.0
100.0
2.9
3-2
2.6
Oet.
106.8
3-3
8.9
U2.2
21.1
31-3
100.0
Source:
1/
282.
3.8
ill
Us.
Dally Trsasory Statflsents; (2) Tl^Tires by dsnonlnatlons are sstlmated on the basis of reports receWed by the
Treasury.
Sale of $10 denomination Sarlee 1 bonds vas authorised In June 19l)U.
thle tanealutlon Is aTallable only to aeabers of the military and
(1)
25.8
38.2
3U.6
23.U
22.8
23.1
36.9
Hot.
See..
.
UU.2
Ug.O
29.7
7.7
16.1
U5.6
.
20.3
18.8
6.9
^'•
6.0
tS.B
173.9
U05.9
19UU-0ct
21.1
22.
5.6
12.
7.9
188.
-3
.5
.7
.8
fttal aalesi
2/
}J
17.6
19-3
20.3
21.1
IU.1
29.
29.1
28.1
17.5
50.5
52.0
U1.9
22.5
18.8
19.2
13.1
36.0
32.2
56.3
3-"*
8.6
9-3
9-U
UO.2
Ul.l
19.1
20.2
20.9
33.6
27-1
25.2
3-1
8.3
39.5
19.8
29-3
3U.U
36.1
lU.1)
naTal forces of the United Statee.
Sale of $200 denomination Series I bonds bejan October 29, I9U5.
Sale of $25 denomination Series T bonds v^h juthorlied In Decesiber
19UI.
39
December 1945
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
PART A - SERIES E
(In thousand* of doIlaLTt at Itina prices)
191*
fl*cal 7«ar
19115
Stat*
19U5
19ltU
Alabaaa.
Arlcona.
Ark ante*.
Hot.
Oct.
Dae,
Jan.
r*t.
Mar.
i4>r.
Haj
July
June
*<«•
S«i>t.
139,180
U2,S52
7t.l76
152,122
''3.923
2,02lt
76.368
ll.OOO
7.613
2.316
5.532
25.325
7.087
13,270
13,175
3,531
5,162
7,935
2,510
3,951
8,211
2,180
1.121
10.772
2.615
1.090
17,239
1.371
8.611
17.238
5,921
11,111
16,171
1,183
7.521
7,821
2,015
3.555
5.763
1.653
2.507
California..
Colorado. .
Connecticut.
970,l»lU
972,302
82,617
211,932
51,600
3,033
12,lU0
53.796
5.303
11,680
153,160
11. 177
29,180
77,636
5,758
16,613
55.36I
3,957
12,857
61,991
1,511
12.177
53.636
1.873
15.573
78.051
9,02l
17.616
125.111
11.527
21,659
100,719
8,612
20,169
17.030
5.123
11,586
33.692
3.178
7,775
Delaware
27.609
135,069
lU2,6g2
26.663
139,531
1.572
7,706
8.326
1.753
7.939
7.083
1,0l5
22,961
22,799
2,091
11,196
16,016
1,511
6,669
9,251
1,730
8,795
10, 3I6
1,681
8,153
9.838
2.155
12.377
Il,206
3.211
17,092
18.039
2,639
15.085
17.122
1,658
8,388
7. 851
1,328
6.658
5.161
9.391
2,310
50,668
25,513
8,703
118.136
11.115
2,002
67,821
9,157
1,581
51,071
8,812
1,711
51.113
8.630
I.FI9
51.997
11,566
79,152
19.265
5.852
106,106
19.057
3. 153
79.103
8.289
1,215
15.962
5,580
865
36,151
,
Elit. of
ColnaMa
riorlda
90,226
220,926
I5'',61t5
7.272
Oeorgla.
Idaho....
Illlnol*.
l'»5.933
156,821
7, 7112
Uo,230
755.362
37,>*39
8U2,2'»7
I13.959
Indiana..
I ova
Ean*aa.
313,591*
263.Uii5
323,206
2U8,U1|0
18,080
8.189
163,285
5.I1O6
22,070
11,003
10,727
11.675
50,216
28,277
21,030
16.376
11.727
20,821
10,173
9,167
19,239
11,119
11,638
20,717
11.958
7.213
29,982
29,885
163.077
18, II3
38.632
10.277
23.187
28.189
22,138
13.8I5
18,211
8,561
8,163
12,131
6,883
5.150
Eentuckjr.
127,956
lUl,106
6.873
8,337
2,660
6,397
8,081
2.559
17.311
20.581
9. Oil
9,803
11,120
3.956
7.081
8,085
2.991
9,720
8,137
2,998
6.155
7,291
2,608
11,215
ll,2l0
3,955
17.272
19,152
6,756
13.113
9,800
5.103
5,709
6.536
2,390
1.091
1,815
1,175
156,1121
8,785
20,815
35,817
9,272
22,006
37,811
23.128
53.991
97,629
13.012
32.585
15,602
9.630
20,936
38,120
10,019
23,883
37,331
9.055
25.370
37.125
11,917
29,552
61,091
18,138
18,310
71,031
11.553
37.715
51,053
8,886
18,882
31,721
6.511
16.795
21,993
229,1'73
86,99'>
273,0511
10,71111
11,561
1,937
17,717
12, 122
17.661
11.311
15,000
1.512
19,881
9.896
3.593
13,119
11,117
3.5I8
15.776
12.173
3.959
11. 651
22,751
11.975
31.135
35,553
10,117
39,278
19.831
7,388
29,321
10,201
2,768
13.771
7,105
2,573
9,951
52,2llll
2,089
3.655
6,220
7,112
8 11
8.680
23.889
2.125
3.073
8.985
799
2,12l
5.566
656
2.223
6.713
850
3.298
7.010
821
6.360
11.395
1.063
7,927
20,l8l
2,080
3.191
12.803
1.510
1.922
5.569
753
1,613
1,101
511
1,183
21,967
2.055
5.117
61.801
1.731
2,827
36.712
1,685
I.I78
23.703
1,809
1.932
27.755
1.761
1.965
23.113
1.609
2,211
38,109
3.068
3,836
19,078
3,588
3.706
Il,1l2
2,905
1.533
23.127
I.I55
1.093
16,885
1.095
70,013
7,815
1,718
213.168
27.985
11,276
129,977
13,650
2.6II
78,972
9,009
1.925
83.077
9.360
2.131
75.755
8,116
1.970
139,383
13,011
5,773
161,305
19,357
9,810
150,711
15.621
5.080
68.197
7.126
I.57I
51.310
5.571
1,119
107,388
23,981
27,853
55,767
13,060
10,617
10,703
7.066
7.683
16,252
7,106
11,286
9.536
8.186
12,191
6,810
7.769
66.76I
12.957
15.188
85.718
20,363
23.286
70.2J3
15,121
15.658
39.271
6.335
6,507
29.028
1.611
1.821
59.677
63,615
5,729
6,552
51.109
3.681
1,636
55.339
1,187
5,081
51. 189
1,051
1.593
79.5I9
1.992
6,298
102,156
8,172
9.602
85,111
6,961
8,229
17.665
2.703
3.959
35.959
1.798
3.0I5
.
5't,99't
122,288
135,933
51,791
Harrland
Hassachusetta.
Hlchigao
152.566
390.986
688,159
373.076
687,872
Minnesota...
Mississippi.
Missouri...
2l»9,962
Montana.
55.230
128.079
Louisiana
Maine.
.
,
Hetoraaka.
HsTsda.
82,588
283,681
I3,i>68
.
Nev Hampshire.
Hev Jersey....
Nev Mexico....
Hew Tork
Rorth Carolina.
Borth Dakota...
32.722
'H5.338
27.990
1,290.035
lit9.Ui»3
U,068
lll,211l
5I18
31.836
1,569
Il21,lll6
2U,ll6^
28.570
1,1«W
1.365.1161
153,1108
71.3112
7.880
1.755
58,22U
57,135
177
709,9112
135, 26U
159.752
138,827
157,205
857, "too
852,7115
I19.3I13
63,079
80,080
3,2ll0
Ohio
Oklaboaa.
Oregon,,.
71>»,
Penns7lTaala...
Rhode Island...
South Carolina,
60,358
76,058
South Dakota.
Tennessee.. .
Texas
127,113
13.909
1,620
53.813
ii8,59U
1117,296
1117,295
l>76.879
U9U,995
112,132
11.833
7. 175
7.511
3,11*2
4.558
l[08l
121,210
9.175
13,816
1.739
7.775
21,151
3.052
8,119
35.318
10,655
23.297
79.620
2.519
12,2l7
31,119
1,610
8.572
26,910
1.777
9.001
28,0l5
2.156
8.272
26.075
5,755
12,530
51.2^9
8,100
20.513
62,828
5.011
15,861
18,290
1,629
8.925
22,175
1,101
5.697
18,071
3,305
870
9,838
9,222
3.030
33,562
3,180
1,838
17,896
2.715
913
11.265
2.956
869
12.922
2.753
1,008
12,310
5,571
1.389
16.757
9.050
2.111
26,OlO
5.186
2.015
25.060
2.139
91I
9.973
2,3l2
581
6.998
8.276
Teraont
Virginia.
56.357
18,819
189.563
203. 197
2,U7l
912
10.571
VashlQ^ton
Vest 71r«lnla....
VlscoQtin
Wyoming
257,729
92,197
2U«,280
23.769
2ii7.05«
12.7115
96.302
6,201
13.130
966
17,191
5.196
15.711
1.177
10.009
11.229
12.282
1.391
20,166
9,091
19,928
1,791
11.760
5.650
13.269
I.0I7
11.225
5.723
11.295
l,2ll
12.150
6.273
15.169
1.058
20.865
8.512
2I.158
1,735
29.333
10,951
36,765
2.976
26,083
10,625
21.705
2,098
11.315
6.16I
12.915
1,000
6.960
7.135
58,310
8.931
958
5.67I1
309
529
1.965
296
270
532
5.1IO
313
1,275
230
519
5.125
212
535
1,727
I62
25I
225
1,6lo
181
3.379
I19
362
577
7,125
888
6.965
70.385
12.285
8.605
1,118
2.133
8.671
5. Ill
313
Ul8
1.910
181
655
I1O7
6
8
7
7
18
13
1
1
Utah
.
Alaska
Canal Zone
Bavali
Puerto Rioo
Virgin Islands...
Other possessions
Onallocated,
Adjustaent to
Dally Treasury
Stateaent
5I1.37I1
17.901
262. 350
22,0lt6
69
U6
3SMi
21
225.856
-59.830
11.819. 7't2 ".553.361
-6.703 .107.106
598.570
909
9,060
2.885
108
53*'
17,087 -121,558
-39 12,289
803,819
653,222 712.133
806.817 1,855.300
(Continued on followlcg page)
557
890
7
5
'•%
1
10
15.836
83,737
-15.681
5U9
550
u,iite
9,770
1,025
-133.013
-21.1gl -18.235
681,121 1,191,712 I.I67.673 1.031.778
571.286 120,058
•
Treasury Bulletin
40
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 3.- Sales, by Series, to Investors Other than Commercial Baiiks, Classified by States
PART B
-
(Continued)
SERISB F AND a COMBINED
(In thousandB of dollarB at leaua prloes)
nscal year
19^
ijirt
State
igltU
19U5
30,156
2l*,501
9.'*50
8,368
Oct.
Jan.
Tet.
3.991
1,181
2,685
1.75"*
Mar.
Apr.
Juie
»«V
Jnl7
toe.
Seirt.
Oct.
F
Alabama.
Arlcooa.
irkaiLBaa.
Oallfomla..
Colorado. ..
CoDoectloat
.
1,021*
I.W3
378
65U
11.738
1.103
5,033
13.678
973
U.863
2.673
1.6U7
2.282
2,105
597
813
1,200
296
633
2,881
1.112
2,232
1*81
ta
9.691
1,606
2,795
23,225
3.613
5,4U9
29.362
3,387
6.993
22,126
53?
976
11.357
1,488
2,817
7.317
637
2.152
684
1.109
2,410
1.729
3,488
5,276
1,492
3.377
256
712
996
40l*
,319
,895
608
523
1.201
1,71*1
3.712
839
26,901
4,012
997
32,736
15.710
21*6
ll*,65l
1*72
1.521
896
9.365
822
13.003
28,1*58
1.911*
4,151
28,791
2.750
3.273
12,188
922
2,198
2,262
1,139
2,002
3,785
1,678
3.797
5.361
1,4a
37,718
566
78?
1.354
2,228
962
1.40?
1,774
32.396
6,6b6
235,849
1,126
235
8,221
2,905
637
15,772
2,1*46
6,037
1,101
38,671
1.953
349
15,422
1.859
265
17.094
198
15,186
2,011
2,152
897
5,11*1*
6,600
8,529
5.762
11,7H6
10,990
l*,566
'*.235
1*,1*05
1*,742
5.56I*
3.077
5.842
2,988
k.sps
1,740
9,262
10,538
6,088
11,518
9.3^2
6.338
1,123
3.'t59
1.709
2,ll*8
1.1*1*7
1,902
981*
2,894
1.163
1.333
4,970
3.910
2,223
5.673
2,341
1.173
6.411
5.959
3.8O6
2,515
'^^
2,905
3.381
1.827
1.1*85
3,1*60
3.11*0
6,886
2,799
8,262
5.957
9.538
27,031*
ll*,679
2.982
9.208
9.'»39
15.328
5.289
2.978
9.088
5.119
4,811
1*,1*84
l*,626
3.877
1.627
6.651
5.535
1.711
7.077
10.303
2.571
11.879
3.106
779
2.917
630
5.833
1.1*60
1.8S3
161
l.lUo
3.376
535
1.658
6.088
1.1(01
1*26
U8
508
2.550
177
Oaorgla.
Idaho
Illinois.
1*1,958
7.630
236,291
Indiana,
lova.
Zanaaa.
82,311
106,397
"A, 903
75,099
U7,1A2
38.952
20.591
38,586
32,271
19.707
52. '^3
l'»7,625
1*1*, 175
139.269
93.732
Maryland
Massachusetts.
Michigan
1*54
1.332
319
685
218,153
24.726
55.553
10,306
29,761
Kantncl^.
Louisiana.
Maine
3.156
17.831
6U,lt37
.
1,066
2$2,10g
30,678
Delaware
Uat. of ColumMa
Tlorida
.
767
131
10U,768
24,831*
1*2!994
3,091*
1,1*1*7
693
21,562
6,221
2,881*
3.670
11,151*
fi28
6,365
5,126
1,897
3.'*65
2,928
3. 1*33
2. 161
IM
.191
,320
2!440
2,219
3.303
2.880
1.646
1.133
672
6,262
18,313
3.272
1.58"*
12.61(6
l*.566
12,085
ll»,l63
9.369
2.522
6.698
5.169
1.516
15,1*80
3.360
6.690
3.172
3.223
738
6,823
3.089
7,750
1,665
l».972
2,423
656
1.881
386
l.?58
497
1*,262
12,1*90
10,71*2
3.901*
3.1a
l*.l*90
SkO
2,136
175
1.587
1.590
2.271*
1.110
2U3
270
3U3
1.596
8U
41*1
l*.00l*
501
1.109
IS
11,377
35.329
3,202
Hav Hampshire.
Hev Jersey.
Hew Mexico.
lU.563
106,839
6,503
13.593
91.275
868
6.758
632
11.959
1.003
61*3
1*.908
I*.
6a
'*.733
128
1*66
1*77
2.56s
12.676
739
1,610
l*.906
1U2
168
140
Hew lork
North Carolina.
Horth Dakota.
1*72,310
1*2,263
426,182
37.052
13.762
15.992
1.400
397
27.328
516
2.959
1.799
68.563
6,812
2,183
31,21*6
2,1)80
28.158
2.240
569
19,907
2,566
1,006
51.957
Ohio
Oklahoma.
Oregon.
^it.lK
166.210
21,311
2^,598
U.669
U99
780
11,885
lU.905
2.287
2,370
29,606
3.971
4.222
11,
8.923
1.090
e,ai
Pennsylvania. ....
Bhode Island
South Carolina. ..
251.120
20,628
a, 988
222,925
6.591
665
501
16. 680
22,398
1,155
830
35.133
2,95?
3.436
l.'»35
13,222
39.186
9,9^7
32.131
86.632
1.250
i,4«i
1*18
J06
2,469
.653
6,1*01
10 .194
13.9a
1.735
4,292
6,505
7,600
276
381
1,11*5
510
1*2,701
1.31*1
.
.
.
.
.
11*,
978
26,01*2
29.326
.
South iBkata
Tennessee
Texae
U7.537
Utah
Vermont
Virginia
8,393
8,026
51.399
Washington
West Virginia
Wisconsin
56,253
19,552
93.192
6,032
Ifyosilng
Alaaka
Canal Zone
Hawaii
Puerto Bloo
Virgin Islands...
Other pOBsesslone
1.316
1.825
10.522
3.982
418
^allocated
Adjostment to
Sally Treasury
Statement
Total
Source:
15.213
87.726
5.380
1.1*1*9
2.124
1.3^5
1.570
836
2.269
7.886
U.281
77
3.910
1.435
6,103
153
U.200
1,418
9.231
7Z7
1(0
62
651*
2,1*71*
17
67
1*00
l*.2l<6
27
Iks
39
657
232
3.319.7'»7
2.1*1*1
1.324
1.209
1.038
9.800
Zll*
+3U.857r
2.9l3.35^r
1*1*.
679
U26
4,019
1.414
317
100
2l*,381
(1) Total aalee;
17,41*0
17,1*22
397
16
Ik
+633
-10.868
95.867
192,81*7
1.526
7.107
8.026
2.801
1*23
U9
1.369
1.498
2.744
1,063
320
202
90
93
1.541*
9U6
259
10
??
l'*,09l*
32
+211,359 -196.235r
1*98.153
l]y
149
1,276
1,085
1.155
10,100
716
1,7*
12,1(62
"77
2,729
1*10
8U1
5.U63
878
1.157
7.030
287
a.739
16,591
7.11*2
702
1,361
20,120
2,067
2,712
2.?99
3.430
1.8JI*
2.781
951
939
12,528
919
970
29,852
1,952
2,063
31.252
2.113
1.822
16,352
2,503
1,000
10.381
1.3U7
1.064
1,044
1,1(08
3.5^
l».25l*
1*,
2,20>*
3.856
11.268
12,
2,849
5,769
155
i*a
3.035
223
316
2,603
1.199
802
4.941
825
381*
2.717
655
2.129
649
5.169
188
5.3't7
25
125
613
120
^?
15U
197
71
55
675
lUO
71
10.882
1.738
i,S5
•»«.53^
+3.9)*7
-670
176.9't2
153. ai
Berlsed.
Less than $500.
1(1*
1.81*0
tsi
1*83
6.873
607
707
415
9.981*
552
701
8,769
960
566
1(86
341*
3a
]-^
979
2.616
1.175
2,926
262
189
2.330
l!3
268
2,405
3.61(8
1,211
6.UO9
1.911
13,616
866
•*.'*73
1.61*9
683
3.872
253
1.291
705
1,1*67
1,386
5.851
263
382
853
10
15
22
1.3,29
91
110
818
Iks
31*1*
6
26
U30
50
1.739
9,788
426
I
IJl*
301*
90
891
2.638
220
3
19
ftre11mlTiAry.
1(09
3.166
1*.728
1
53
1*1*
23.827
1,330
756
"539
329
2.855
117
i*,605
239
Jl"*
'1?9
188
32.896
2,019
1,322
380
1,473
3.489
't.559
623
'*.392
53.'(05
4.1*51
12
269.967r 194.768
States:
1,251*
12,21*5
3.352
825
5.025
136
1.3*
Dally Treasury Statements; (2) Salee
Beporte of gross salee.
1*1*1
1.361
9,1(09
13.550
39.339
3.630
.
.
7'»6
1.1*33
8.254
Montana.
Hehraaka.
Vavada.
l*,827
/^
1.698
1.161*
79,41*2
379
2,670
8.089
933
135
69,836
22,296
91.689
1,71*8
796
302
401
1,628
206
12,705
Minnesota. ..
Mississippi
Missouri
58.715
16,900
3,9''8
612
260
-3.126
3^.376
-2,866
382,790
38
10
49,017
-13.382
21(0,112
las.itSS
+1,1*68
1,71*2
94.055
lll*,76l*
hi
December 1945
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 4.- Maturities and Redemptions of Series A-D and E Combined, Classified by States^
(In
thouMnds of dollar! at curront redemption valuea)
19U5
I9UU
Hot
Alabama.
ArltonaArkaneae
California.
Colorado.
Connecticut.
•
.
Delaware
Dletrlct of Columbia,
norlda
OeorglaIdaho.
Illinois.
.
.
U,>t81
l,UUl
2.351
U,368
1,615
2,298
1*,602
1,51*7
35.263
2.673
6.198
3U,86l
2,834
31.1*67
33.3^
2.663
31.610
2,073
5.1I+9
2,611
5,oU8
1*,718
lt.6S7
753
3.918
U,96o
872
3.986
715
751*
l*,329
690
3.525
5.091*
5,630
3.639
5.592
'»,526
5,008
S06
28,233
l*,5i40
1*,718
928
.
Zentucky.
Louisiana.
Maine
Maryland
Maesachueette.
Michigan
2.678
July 2/
Aug. 2/
S«pt. 2/
Oct. 2/
5.017
1.581
2.555
5.423
1,603
2,742
8.568
2.195
4.345
7,964
2,168
4,204
7.975
2,456
4.425
34.919
2.89U
5,880
35.329
3.033
6,063
34.671
2,783
6,183
36,169
2,990
6.258
49.441
3.327
8.563
46,460
4,230
8,922
51.3*7
4,854
9.536
1.003
825
5.1*17
3.8I5
5.827
lt.331
6,1*71*
829
4.300
6,289
784
5,001*
5. 518
836
4.050
5.698
1,078
4,891
7.762
1,106
5.051
7.578
1.302
5.953
8,820
i*.333
29.1*16
5,4o6
974
28,481
4,807
907
29,427
5.189
978
30,200
7,898
1,404
40.854
7.529
1,640
36.074
8,209
1.481
39.566
12,555
5,866
6,492
12,712
6,038
4,184
13.327
5.926
4,248
18.811
8.992
4,597
16.530
7,864
7.038
16,627
9.213
5.863
It,
1,61*3
39.561*
2.766
6,587
81*3
802
22.1*13
6,000
1,121
33.239
6.980
971
13,381
5.217
H,l6U
10.756
lt.997
3,067
3.525
10,252
6,2Ul
2.998
IU.03I
8.088
6,597
13.091
5,121*
3.1*«5
U.265
U.833
It, 019
3,91*7
I.39I*
3.677
6,036
1,065
5.287
5.183
1.587
4,762
1,522
4,783
6,999
1,660
4.446
4.707
1.509
4,887
4,940
1,530
7,207
6,350
1,948
6.967
6,637
2,001
7.557
1,563
U,l66
1,362
3.683
6,136
1,212
4.781*
11,136
3.961
l*,657
i*,56U
5.293
5,059
10,825
29,182
10,906
13.1*1*7
11 .199
11 .938
23,61(0
2l|,5l*l
3.676
9.260
21.397
5,U56
10, 91 It
3,8l6
9.500
27.373
29.417
25.768
4.958
11.504
28,377
5.145
11.320
30,600
6,678
13,414
37.242
6.781
15.959
38,143
7.685
16.305
33.979
7.201*
5.935
1.971
5.867
1.825
7,726
8,367
2,331
11,658
7,808
2,355
11,299
as
7,411
2,028
10,774
7,357
2,239
11,181
9.320
3.013
13.575
9.338
2,218
11,454
16,694
10.370
3.8I5
13.956
1,351
1,257
3.184
499
1.145
3.132
1,178
2,897
522
1.197
2.977
542
1.684
959
12.859
967
980
12,909
891
927
13.973
898
905
Montana.
Nebraska.
BeTada
952
2.287
513
9U7
2,951
550
811
903
12.553
782
28,720
.
June 2/
5.303
1.691
2.654
22,261*
1,705
8,671
.
862
May 2/
2.532
762
7.660
1.78U
8,690
.
i^r. 2/
5.515
1,836
2,632
1.597
2.108
2lt,285
Minnesota.
Mississippi.
Missouri.
.
Mar. 2/
16,618
7.366
3.755
25,U10
.
7eb.
U,6lt8
28, 883
^neas
Jan.
5.389
1.757
2.662
.
Indiana,
lowc.
Dec.
7.1*37
5.528
1.71*0
7.1*03
^
5.81*3
U,7l*6
2,1*02
1.103
2,663
2.1*1*9
l*.095
1*67
1*35
1*31
585
893
737
601
938
11,912
10 ,075
815
9.90lt
14,831*
738
1,069
930
873
7.
4.430
782
3.53"*
6,781
2,254
1.569
4,021
645
1.728
1.267
17.115
1.477
18.679
1.633
i*.325
738
New Hampshire.
Hew Jersey.
Nsv Mexico. ..
12
ew Tork
North Carolina.
North Dakota.
36,762
U,235
6U2
31.8U1
38,195
5,1*91
697
901
34,763
4,650
999
36,918
4.790
965
34,785
4,645
936
1.038
40,874
6,400
1.196
49.531
6.456
1.156
68,227
3.905
597
25.690
6,111
692
28. 91*1
722
Ohio
Oklahoma.
Oregon
28,69U
26,036
i*,l6i*
22,1*92
3,8l|0
19.915
3.962
21.0lt9
U,l)05
5M}
5,2ltl*
29,922
5.092
6.2U7
26,529
4.739
5.657
26,391
4,477
5.535
26,357
4,574
5.305
27.951
4,566
6,189
37.439
6,360
8,447
34,434
8,195
7,588
37.282
7.168
7.717
PennsylTania.
Bhode Island.
South Carollni
27.866
2.057
2.720
32.991*
30.889
30,023
2,156
2,439
29.997
2.260
2,516
38,800
2,957
3.709
38,199
2.869
3.466
45.691
3,268
6,115
South DakotaTennessee.
956
5.717
I5.IU3
828
5,050
1*,815
lt.307
U.029
961
5.274
iu,6os
13.81*5
1,178
8,040
24,622
1,329
9.397
27.585
.
.
It
.
.
.
.
.
lems
Utah
Teroont
TlrglBla.
.
Washington.
West Virginia.
Wisconsin
Wyoming
.
.
.
Alaska
.
.
Unallocated.
Adjustment to Dally Treasury
Statement
1.996
2,117
U,
1*1*9
1.1*33
7,a3
1.230
590
1»,908
lt.826
23.919
1.715
2,037
21.337
1.656
1.981
33.525
2,800
31.284
2.100
2,328
72U
769
851
1,031
5.567
18,172
1,001
5.341
15.685
16, 142
884
5.344
15.289
16, ao
l,?43
7,774
19,458
1.399
269
5.357
1.776
1.539
605
6.476
1.507
396
6,481
1.571
674
6,831
2,299
2,381
613
6.603
9.467
9.551
2.610
755
10.185
8.790
7.579
3.687
7.170
602
7.347
3,664
,699
591
8,165
3.500
7.951
625
11.650
4.999
10.750
777
11,052
5,160
10,225
886
11,612
5.98?
10,796
947
It,
350
1.571
305
5.781
1,51*1
1.1*65
1.1*33
326
6,230
309
5.91*9
276
5.298
7.797
3.598
9.16U
7. 311*
11*.
3.768
16)466
1.329
26,883
2,076
2,312
1U,622
161
Canal Zone
Bavaii
Puerto Hico
Tirgin lelandsOther possessions.
l*,626
863
2,1*78
381*
7.6lt8
2,a6
2.422
935
5.323
6,383
2,925
6,260
7,108
2,778
6,231*
6,821
2.359
6.100
U91
573
1(80
688
7.570
3.589
7.379
570
122
127
15U
21*7
181
230
253
255
273
259
318
2,6liO
1.581*
2,120
l.lt53
1,826
380
13
375
12
1*79
,161
237
3.255
456
11
31*
9
1.974
304
15
3.873
1*25
.376
246
15
1,892
762
1.809
526
6,801
-4,448
13.896
-7.008
3.779
-14,020
3.506
6.938
685
11*7
3.571
8,836
•
7
U22
360
U
12
63
K5
16
1.872
-8.903
9; 955
359,982
31(0, it23
378,255
IJblly Tr^aaury Stateventi;
(1) Total redemptions:
Reportt from Federal
(2) EedaDptloDi t>y Stat*a:
-3.367
313. 812
296,517
Heaem BankeLese than $^00.
It should be noted that State figures presented In this tat)le are
not necessarily comparable with sales data by States Inasmuch aa
bonds vhlch hare been purchased in one State may have bden redeemed
1*32,256
381,092
398.172
372.478
397.683
347
16
501,022
12
-21.1*3
*5,6i;6
500.655
582.809
Moreorer. the figures shovn In thle table are based on
current redemption ralues, whereas the sales figures are shovn
at laaue priceData on reden^tiona by States are not available
prior to October 19Uii.
Includee Serlea A bonda vhlch have matured and vhlch hare been
retired.
1q another-
Treasury Bulletin
^2
Sales and Redemptions of Treasury Savings Notes
Table 1,- Summary of Sales and Redemptions, by Series
(Par Talues - In BlllloTkS of Aollftra)
B*dBaptlons and •zohas^s
or nonth
Amount
outvtiAdlaf
•nd of
fiscal 7«ar
or month
Hat chanc*
during
fiscal Tear
or month
BscelTvd
In pfl7»ent
of taxes
2/
All series
I9U4
19^
igUMJcto'ber
Hovember .
. .
Decem^r
.
19li5-Jaimar7...
VBbruazy.
March
7.'*95.'*
•»4,U«0.9
9.582.0
lO.lUl.S
+2,086.5
^59.5
8.758.5
8.953.7
7.015.8
9.090.6
10.005.2
9.855-0
^\
ISO.
1.081.
-150.2
1.283.8
9.875.3
9.937.7
8.955.9
+20. 1*
-981.7
257.7
Z12.U
233.1
^2.3
J^rll
May
Jmie
9.U6.2
+160.3
10.037.2
lO.lU.S
920.9
10U.3
July
August ....
September.
IO.I2U.O
10.153.3
9.063.6
-17.5
+29-3
-1.089.7
307.1*
1U5.1*
8.8O9.9
-253.7
336.1
October
.
.
U.277.6
6.867.2
6.U56.3
•W7.7
1,096.8
l,U3.5
91.6
589.8
Kadeamad
for oaah
Xxcban^d
for
nev series
'*3
December 1945
Sales and Redemptions of Treasury Savings Notes
1/
-(Continued)
Table 1.- Summary of Sales and Redemptions, by Series
-
(Continued)
(Par values - In mlllloDe of dollare)
Badanptlona and exchan^i
AoiOUDt
Tltcal year
or Bontb
outataadl&£
end of
flecal year
or month
Het change
during
flacal year
or month
Sale a
Hacelved
In pa^nent
of taxes
2/
Bedeened
for caah
Sxcban^d
for
new eerie*
Series B k/
877-1
2.195-
19'*3
1914*
13^
iglA-Octoter..
Sovember
Oscea^r.
igU^-January
February
March
.
3.072.1
6
7'*2.6
17.8
17.8
12.7
12.5
10.1
-.9
-.2
-2.U
.2
.2
2.1*
23
8.9
8.6
6.1
-1.2
1.2
.1*
.9
.2
-2-5
2-5
2.U
5-3
.7
.1
.9
Iprll
Hay
June
1:1
-.8
-.1
-.8
.8
.1
.8
July
k.o
-M
M
Au^et ...
Septem^r
-.1
-.U
.1
11
Octoter
3.2
.
2.933-3
721.2
16.2
22.1
u.u
70.6
21.5
1.6
68.2
.7
.7
.1»
.3
.1
.U
1,082.7
5.969-9
6,396.1
5.507-9
5.853.3
Series C 5/
6.U6U.O
9.'A7-7
10,067.5
I9U3.
iguit.
19U5.
iglA-Octoher
NoTember
December
8.976-U
9.892.0
19U5-Jamiar7
Tebnukiy
March
9.776.'»
9.81(0.9
.
9.W-9
.
i^irll.
May ..
June.
July
iu^iat.
Septeober
.
October.
.
7.5W.7
2,983.8
-619.8
8.953-7
7,015-8
-U7-3
*?15.6
-llA.l
1,051.7
1,283.8
1,1*27.9
-28.5
257-7
229-3
6U.6
212.1*
11*7.8
l,20l*.2
180.
228.0
166.0
1,01*7.2
J5-«
1*62.0
5'*2.7
198-7
12U.2
1,265.2
162.7
176.6
127-7
1.177.8
52.6
20.1
26-3
29-3
1*1.9
8,869.8
-971.1
233.1
9,033-9
9.956-0
10,067.5
161*. 1
'•07-7
2l*3..6
2a.
922.1
1,096.8
1,113.5
I7I*..6
123.8
22-0
50-9
1,002.0
91*7-6
5U.i*
91.6
323.2
115.1
1,153-0
286.7
96.8
877.3
18-3
275.7
336.1
580-5
289-9
290.7
•111.5
10,051.8
10,082.1
9.020.7
-1,061.1*
8.776-3
-2l*U.lt
307.
-15.7
+30.3
Dally Treasury Stataaents.
less than $50,000.
deee notes vere originally designed to help taxpayers set aside
finds vlth which to pay taxes and were Imovn aa Treasury tax savSeries A notes were deal^ied for the small and moderIngB notes.
ate taxpayer; Series B and Series C notes were intended for the
large taxpayer. Vhen the collection of taxes through withholding
at the source cmcsenced, the need for Series A tax savings notes
Bedemptlon proTlalons
disap3>eared and their aale was discontinued.
of Series A notes were relaxed to provide for the payment of interSale
est on notes thereafter redeemed for cash (see footnote 3).
of Series C notes, which were designed for the InTestment of Idle
caah reserves as well aa for the accumilatlon of tax reaervea. was
continued and the notes were designated Treasury ssivinga notea.
Includes matured Treasury savings notea.
Serlea A notea, which were sold from August 1, 19l*l througja June 22.
Throu^ June 22. 19l*3,
191*3- yield approximately 1.923^ per anmm.
the notes could be redeemed for cash only at the original purchase
price; since that date, the notes have been redeemed for cash at
1I15.U
kj
^
36.1.
the tax payment value current at the time of presentation.
(See
also footnote 1.) ^lor to October U, 191*3. the maximum amount
which could be used in payment of each class of tax (income, estate,
or ^ft) by each taxpayer during each taxable year waa limited to
$5,000 par value; this limitation waa removed aa of that date.
Series B notes were sold from August 1, 191*1 throu^ Septeober 12,
191*2, to yield approxlaately 0.1*8i( per mnan.
The amount which may
be turned in on taxes is unlimited.
The notes m^ be redeemed for
cash only at the original purchase price.
Serlea C notea went on sale September lU, 19U2.
Interest accrues
each month on a graduated scale (aee "Treaaury Bulletin* for Anguat
191*3. pege 1*) to yield approxlaately 1.07^ per annum if held to
maturity.
These notes may be used in payment of Inderal taxes at
any time two months after the date of issue. Ths amount which may
be turned in on taxes la unlimited.
Hie notea may be redeemed for
caah alx months after the date of issue at the tax payment value
current at the time of presentation.
Prior to July 27. 19'*3.
See also footnotice of 30 days waa required for cash redemption.
note 1.
Treasury Bulletin
hk
Sales and RedemptlonB of Treasury Savings Notes
-
(Continued)
Table 2.- Sales of Series C Notes, Classified by Denom na 1 1 on
1
Tlac&l yaar
or month
i/
December 1945
^5
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(In thoutaads of dollar
^
)
Perc«nt*^ dittrltetlon
fiadsmptlons
JkBOOttt
oatitazuUn^
«Dd of
fiscal 7«ar
or month
nscal 76Kr
or mo&th
i*?!'''^
1-9*2 [An^.
l9^^
;--\
19ln-Jnn« iglts. J
166,31*1
213.350
196,51s
177.598
ISltS
19IA
isita
175.199
180,587
181.529
191»lt-0ctol!er
Horoffll>«r
December
182.692
186,710
19lt5-JaBuary
February
March
189,1109
iprll
188.7'»3
•tay
186,297
177.598
Juae
July
Jlu^et
September
1U9,6U5
lW»,679
October
lUl.372
Source:
1/
2/
^
155.91't
Set
of redgmptlona
chan^
during
flBC&l 7ear
or month
Sales
Total
XzchaD«ed for
United States
saTlncs
^nds
+161, 0U8
Err.hMieed for
2/
2/
2/
127,91*8
18,1*68
"*/
168
70,1*80
y
352,632
231.593
73.130
55.738
100.0
100.0
100.0
100.0
100.0
,2/
306,621
1U7.57'*
•*5. 620 5/6/
590,268 6/
51*4,61*7
1*71*,
-16,832
-18,930
1(08.930
1*25,762
26g,Ull
287.331
Cuh
nnltal Statat
Oaah
87.5^
y
12.6
12.9 1/
17.2
87.1
82.8
80.6
19."*
6, 91*5
2U,679
17.73"*
13,816
5.388
23.91*6
21,163
18.558
20,221
ll*,929
9112
16,618
3.917
3,628
3.602
100.0
100.0
100.0
I.16I*
21,088
20.731
19.921*
16.71"*
16.321
3.603
3.293
28.251*
25.555
100.0
100.0
100.0
81.9
13,1*21
20,1"<0
80.
78.8
18.1
19.7
21.2
2l*,7M8
25."»1U
20,079
26,132
19,069
28.578
27.767
23.63"*
22,910
"•.857
100.0
100.0
100.0
79.0
82.7
82.5
21.0
17.3
17.5
l6,i(06
38,091
23.955
29.653
I6.8U1
8,922
8,"*38
7,11"*
U.i*«3
100.0
100.0
100.0
77.8
70.3
66.6
22.2
29.7
33.1
9.3"^
'»,5i*l*
100.0
67.3
32.7
u.oig
2.699
-666
-2.UU6
-8.699
-21,685
-6,268
-l*,966
17,686
8,U38
13.1)05
-3.307
10,587
13.893
Dally Treasoiy Statements comeneln^ Horember 1, 19^^: prior
thereto, Post Office Department.
Stamps eo Id prior to October 1. 19^2 vere Imovn as postal sarlDgs
Btamps and were obligations of the Postal Savings System but subsequently became public debt obligations.
iBtlmated on the basis of samples made by the Post Office Department.
Details not aTallable for May. June, and July 19U1.
U/
5/
6/
5.
"til*
5.335
U,9W*
22.1
19.6
17.8
77.9
80.
82.2
Includes minor amounts which were exchanged for postal sarlngs cerThese aggregated $123 thousand for the period Angnst 1,
tificates.
I9UI throxjgh June 30, 19U2 and $55 thousand for the period July 1,
19U2 through October 5I, 19^2.
See footnote 1.
Net of sales less redemptions.
Dses not Include amounts transferred from Postal Sarlngs Syotem to
the Treasury to corer outstanding stamps.
Table 2,- Sales, Classified by Denomination
Sales in thousands of dollars
fiscal year
or month
Total
all
danomlnat 1 one
191*4
308,621
590,268
408,930
i'^
268,1*11
191*2
191*4. October...
Percaatae* dletritetlon of lalea
Denomination
10^
25|i
50i«
$1.00
$5.00
67,466
126,327
102.534
68.727
167,709
313.691
309.121
135.277
28,6l4
52.508
32.611
20,942
31.583
71.693
46,972
32,583
26!o4«
17.691
10,882
6,636
6,928
863
1.054
848
Total
all
denominatlona
QanoaijiAtion
10,<
100.0
100.0
100.0
100.0
21.9
21.4
25.1
25.6
100.0
100.0
100.0
26.9
28.9
26.4
28.2
28.5
25l«
5>t.3
50(!
tl.OO
»5-oo
10.3
12.2
u
11.5
12.1
4.3
4.1
53.1
51.1
50.4
9.3
8.9
8.0
7.8
48^4
50.3
\l
11.3
11.5
6.7
U.6
6.8
10.0
11.0
11.3
"•.7
11.1
11.4
14.3
3.7
3.8
5.0
BoTember.
December.
23.946
21.163
5.586
12.516
11.581
10,642
,892
,813
,412
2,786
2.761
2.469
1945- January.
Jebruary.
March
21,088
20,731
28,254
6,328
5.857
8,059
10,6o4
10,155
13.981
."•35
463
2.017
2.103
2.288
3.201
996
100.0
100.0
100.0
24,748
26,132
19.069
6.966
7.236
3.891
12.226
12.975
9.832
1,878
1.953
1.665
2,755
2.981
2.720
924
987
961
100.0
100.0
100.0
28.2
27.7
20.4
49.4
49.6
51.6
8.7
16,406
17.686
8,438
2,521
2,479
1.573
8.809
9.324
4,410
1.591
1.768
751
2,659
2.994
1,272
825
1.121
432
100.0
100.0
100.0
15."*
14.0
18.6
53-7
52.7
52-3
9.7
10.0
8.9
16.3
16.9
15.1
5.0
6.4
5.1
10.587
2.565
827
i.303
470
100.0
24.2
51.2
7.8
13-3
".5
24, 679
.
ipril
Kay
June
July
Au^lt
.
.
.
.
Septesber.
October
Source:
.
Dally Treasury Statements comenclng VoTember 1,
19'^: prior thereto Post Office Department; (2) Distribution by
denominations:
Bassd iq)on Post Office Department data.
(l) Total
sales:
6I8
30.0
50.3
49.0
"•9.5
7-1
7.2
7.6
7 '5
3.6
5.0
2.9
3.5
1^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
^7
December 1945
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(Zq Billloat of dollars)
SMurltUs
Ittuod by Unltoil Statoo
Olttrttution
V
OoTomunt
8*oiirltl«t coarantflad by TAiitad Stattt 1/
Dlatributlon I7 elaaaaa of bol&ara
olatioi of holdora
TT.
U.
Ind of flMal
7«ar or aonth
S.
Total
aaoQAt
out*
stand laf
truat fondt
32.989
35.800
36.576
39.886
U2.376
19W.
19U2
U«,}87
71.968
19'tJ
l9ltU
135. 380
199. 51*3
1.959
3.251
U,lt66
5.605
6.803
8.225
2,101*
2,1*52
11*. 091
3,213
18,920
lt,623
256.357
2i*,93i»
6,105
IjWi-Oct..
VOT.
208,608
20,781*
i»,605
.
210,771*
'•,592
Osc.
228,891
21,185
21,672
19U^an..
230,672
Fab..
Mar..
231,851*
21.955
22,391
232,026
22,861*
*pr..
May..
Juno.
233.063
235.761
256.357
23,180
igits
23,801*
24,93'*
Pablic
Pablle
noDSpacial marks tmarkatabla latuaa
abls
Isnaa
1.332
1.693
1,791
1.835
2,028
10,31*0
191*1
Total
aaonnt
uDsatorad
out-
8s
OoTanuDttnt
a^anclat and
tru«t fond* Knd
'adaral B«i«rTa
PplTata
lnraatori
2/
fltaadlof
Total
Pabllo
public and fflarkat•ptfolal
abla
liaaao
lariat
1936193719381939.
PrlTata
InTsotors
Ttdaral
Baiarra
Banks
OoTOriuieat
a^nolot and
1
3
7
Issnos
626
1.558
2,676
3.770
2,1*30
i*.775
2,1*58
6.120
7.885
10.871
2,180
26,635
259.1*39
26,69Up
6,087j
6,360
l*.5l*9
122,759
122,205
1*7,1*20
1,1*80
1*8,998
1,1*70
18,81*1*
188,375
137,1*68
50.907
1,1*70
16,683
17.130
17.5S7
19,001*
19. '•39
189,713
19.669
190.021*
189.1*93
138,002
137,695
137,675
51.712
52.329
51. 817
16
16
17
17.923
18.592
18,812
20.1*55
20,951*
189,1*28
191,001*
136,981*
52,1*1*1*
136,503
51*.
21,792
209,630
153. Uai
22
29
29
19,558
20,033
20,519
21,717
22,530
23,328
212,1*07
155.286
57,121
212,069
209.667
155. 719
153. uis
29P
20,577
23.276
209,l*70p
153,1*27?
.
Daily Trsasury Statemeots;
(1) Total anouats outstanding!
(2) Securitiss hold by U. S. OoTOmfflOnt a^enclei and trust funds;
reports of ths agancisi and accounts with the Treasury; (3) Sscuritles held by Tederal Reserra Banks;
Preliminary.
less than $500,000.
i*.55U
13.507
29.193
171,20!*
5,sU0
5,195
6,105
259.630
33.U28
1*5,1*81
81*, 91*8
170,17?
11
Sapt
1*50
1*98
17,6U5
18,386
18,812
7.IU9
lit. 899
21,792
fsderal Beserre S^etem.
lll*,lltl
1/
2/
'.31*1
718
665
853
56,209
16
16
6,077
6,085
6,087
1,261
1,188
1,556
2,151
3,166
I109
5,256
5.2U5
5,281
26,11*7
37.982
58,988
28,835
27.989
29.579
29.950
81*5
5.337
25,657
31.730
33.115
27.31*0
153,1*21
16,170
16,583
16,328
260.71*6
29,51*5
120,880
10
10
10
259.781
2,61*0
28,601
30,023
165.725
209,630
iit,a87
July
2,526
2,5eu
2,551
Publlo
Pabllo
Pabllo
Pablic
noDaarkatDarkatnonnazlcatabla
ablo
markatabla
abla
laaaaa
issuss
Isaoas
laauaa
Publlo
ooalurketftbXa
letuai
U,092
1.516
10
17
Aug
Pabllo
m&rkttabl«
Total
pa^llo
1*,302
1»,528
363
325
286
286
275
287
170
k
6
5.I6U
5.212
115
176
6,085
U,262
3.738
1,186
68
28
150
375
1,189
1,189
1.190
287
277
275
I.U96
l.llU
1.119
1.191
780
300
328
332
501
1.132
1.151
782
783
56.209
1*09
28
3^3
362
375
i*eU
28
1*50
515
527
29
30
U79
561259
56,0U3p
51*1
32p
502
1*1*.
781
7p
1190
Kxcludes matured securities, and obligations held by the Treasuiy.
The total amount of securities held by priTate InTsstors is calculated by deducting from the total amount of securities outstanding,
the securities held by U. S. OoTsmment agencies and trust funds
and by Federal Reserve Banks.
Treasury Bulletin
k8
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Far Tsluat l/ - In billion* of dollars)
BeU
tmS of
month
Total
aaount
oatatandlng
s/
1939.I)eoniber.
1*7.1
l^Ul^un
Deeeobar,
igltP-Jnn*
Deesaber.
ISUj-March
June
Saptembar.
December*
19Ul|-llareh.
19Ul4-iiiguat
Saptamber.
October.
Bbvambar
Daoambar.
igUWanuaiy.
Vebruary.
March
.^rll.
Vki,..
Juaa..
iii^^iat.
Other
OoBBerdal
banks
Total
y
Fadaral
Raterre
lankt
oonpuiiat
1/
^
^
Hutual
teak!
corporatiou
ftiaoelatlont
6/
2.5
28.7
9.8
6.3
3.1
2.7
6.5
U.6
7.1
7.6
16.1
17.3
2.5
2.2
29.3
30.9
6.5
6.9
3.1
3.2
2.6
10. U
5U.7
63.8
21.8
23.7
19.7
2.2
2.3
32.9
UO.l
11.1
13.8
7.1
8.2
3.U
3.7
2.U
21.
76.5
111.6
28.7
26.0
"1.1
2.6
6.2
U7.8
18.2
23.8
9.2
5.1*
6i*.3
11.3
11.6
118.6
139.5
161.0
168.7
50.1
5.9
7.2
8.9
11.5
68.6
80.0
93.8
97.3
26.6
30.3
3U.7
37.1
11.2
13.1
67.2
71.5
IA.2
52.2
58.3
59.9
185.6
201.1
76.2
83.3
6U.0
6g.U
12.1
1U.9
109.
1*2.2
117.7
1*5.1
209.8
209.3
87.
87.1
71.5 r
70.5
122.1*
210.1'
87-7
90.0
96.5
230. >»
s.
tj.
OoTernaant
aeenelai aad
trust funds
15.9
19.5
212.2
Stat* u^
local
Coramnantt
is.u
:
122.2 r
70.0 r
71.6 r
77.7
17.6
78.7
23.1*
7.3
25-7
1*7.5
1*7.8
18.1
7.6
7-7
18.
1*7.9
18.1*
1*8.
133.8
52.2
17.9
19.6
19.0
13l*.5
52.8
19.1*
135.1 r
135-7 r
53-1:
53-6
78.1*
97. >*
77-7 r
19.7
231*. 2
77.7 r
77.9 r
8U.1 r
20.5
236.9
256.8
98.2
98.9
105.9
21.8
136.0 r
138.0 r
150.8 r
260.3
261.3
107.2
107.2
8
a.7
22.5
5:?'
6.8
15.1
122.1* r
122.3 r
97.7
97.8
r
16.U
17.3
llt.7
a.o
19.9
20.1
20.1*
;
20.5
I*.
6
W.3
18.1
19.1
2l*.l*
3.5
3-5
20.1
20.6
7.7
7.3
8.3
2l*.2
3.5
20.8
21.2
21.7
8.6
8.7
8.7
27.0
2^6
26.6
25.9
20.1
22.7
153.1 r
7 r
151* .0
8
22.7
22.5
9.8
10.0
6/
13.1
2.6
3.2
5 r
2/
.8
1.3
1.9
15.8
16.9
5^.6 r
U/
10.6
12.2
2.0
8.7
8.7
9.6
Tor monthly data for the period Jaauaiv 191^3 through Jul; 191*1*.
eae "Treasoiy Bulletin" for June 19l*5, page 47.
Raviaad.
United Statea sarings bonds, Series 1-S. t, and T are included at
currant redflDption values.
Ouarastaed securities held by the Treasury are excluded.
Consists of commercial banks, trust coe^ozilss, and stock smTlngs
banks in the United States end in territories and insular posses-
8.5
9.5
l*.l*
12.2
15.7
20.8
20.1
18.8
232.2
233.0
233.1
2.'*
5.3
5.9
6.1
18.1*
Sack Tl^fUTSs:
r
lanunAca
InllTlduali
Total
50. t
19l*0-Jiu
Decsnbsr.
Held bj non-bank Inreatort
b; basin
r
2U.0 r
27.7
5:1
22.0
22.1*
l*.3
22.9
25.7
26.5
30.2
^'
U.3
23.2
2^.8
l*.9
2l*.9
30.0
30.3
5.2
5-2
sions.
Ezoludes securities held in truet departments.
Includes partnerships, personal truet accounts, and unincorporated
business.
Includes dealers and brokers and inrestaents of foreij^ balanoes
in this country.
Includes their agencies and their trust, aiakiag, and inrestment
funds, and territories and insular possessions.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
^
(In BlllloBS of dollars)
Sat narkst purehssss or sales (-)
19371938.
1939-
Tab.
Kar.
Apr.
lU.l)
5-7
-3.0
119.6
23-3
-12.5
11.9
2.5
-37.1
-20.9
12.0
30.0
-5.7
-1.6
-.7
:2
3
.3
-2.3
-8.U
-90.3
-105-1
-72.9
-11.5
-5-9
-11*5.8
-67.8
-18.5
-17.0
-15.8
-19.0
-.2
-12.0
1.6
I9UI.
-9.5
-2.8
191*2.
-5
191*3.
-IU.5
-9.9
-67.5
191*0.
19IA.
IW.
•
1/
June
Jan.
.1
-1*8.1
5.8
•
.U
-16.5
-55.6
Lees than $50,000.
Consists of purchases or salsa made by the Treasury. Treasury Inrestment accounta cooprise (1) trust funds which by law are under
the control of the Secretary of the Treasury or of the Treasurer of
the United States, and (2) accounts under the control of certain
Hay
July
2l».U
l«.8
.8
1.2
3.0
5.0
-35.2
-10.0
-3U.U
20.5
-56.U
U.
S.
Av*.
12.5
-3.9
3-3
Sept.
Oct.
lOT.
See.
8.9
38.5
71.9
3.7
1.0
-1.2
2.0
-2.8
-3.2
-3
-U.lt
-3
-1.1
60.0
-.2
-1.0
-2.7
-28.1
-12.5
-5.0
-5-9
1*.8
-12.0
.3
CoTamaent agenolee vhose InTSstments are handled through the
faolllties of the Treasury Department. This table also includes
purchases under Section 19 of the Second Liberty Sond ict, ae
amended, and excludes the Xxcbange Stabilisation fund.
U9
December 1945
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945
Section
I
-
Securities Issued or Guaranteed by the United States Government
The tables In Seotion 1 present summary data as of September 30. 19^ from the
Treaeury Survey of Ownership of Seourities
Issued or Ouaranteei^ by the United States,
The banks and insurance oompanies covered
in the survey aooount for approximately 95
Table 1.-
Suirenary:
percent of the amount of such securities
owned by all banks and insurance oompanies
in the United States.
Section II presents summary data on
the ownership of Federal land bank bonds.
All Interest -Bearing Securities
(Id mllLlone of dollars]
Claeelflcatlon
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
(Continued)
ANAUCSI3 OF OWNERSHIP BX TCTS3 0? SECURITY, BY CALL CLASSES,
AMD BY TAX 3lAins-( Continued)
ClasQlfl cation
(Continoad OS follovlng
pa^)
-
(Continued)
51
December 1945
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
Issue
(Tax status
^
(Continued)
(Continued)
DISTRIBUTION OF OWMESSHIP FOR EACH I8BUE OUTSTANDING
(Par values - In nlllions of dollars)
is shown in parentheses)
-
-
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - ((Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
DISTRIBUTION or OWNERSHIP
FX)R
Issue
^
Is shown In parentheses)
(Continued)
(Continued)
EACH ISSUE OUTSTANDIN(}-( Continued)
(Par TaluSB - In mlllione of dollars)
(Tax status
-
-
53
December 1945
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Public Non-Marketable Interest-Bearing Securities
-
(Continued)
5*^
Treasury Bulletin
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Quarterly Data on Ownership by Commercial Banks, Classified by Membership
In Federal Reserve System
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Sunmary:
All Interest -Bearing Securities
(In mllllsn* of dollars)
December 1945
55
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Quarterly Data on Ownership by Commercial Banks, Classified by Membership
In Federal Reserve System - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
-
-
(Continued)
(Continued)
PART A - ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AND BY TAX STATU3-( Continued)
Mam'ber eomaerclal 'banlcs
Claa0lfl cation
Total
7.393
commercial
Total
1/
member
commercial
baola
Total
37
1+9 Central
Hew Tork Olty
Be serve City
banks
banke
Percentage distribution
of eecnrity
Securitlee ismied tiy United States
Treasury bills
Certificates of indebtedness...
Treasury notes
Treasury bonds
Postal saving and other bonds.
Quaranteed by United States 2/
Total
firpee
^
classes of aecnrltles
:
2-5
21.3
20.6
55.5
2.2
21.1
20.5
56.3
2.U
19.2
20.6
57.9
100.0
100.0
100.0
3l».2
3l*.5
35-2
26.9
2.6
26.5
2.7
21.x
20.6
55-5
Call classes:
roe or first becooiing callable
1 year
years
5 to 10 years
10 to 15 years
15 to 20 years
Over 20 years
Various (Pederal Housing Adjoinistratlon debentures)
Total
1.3
1.8
li
100.0
100.0
100.0
Tai Btatus: j/
Wholly exempt from Pederal Incoioe taxes....
Partially exempt from federal Income taxes U/
Subject to ftderal income taxes kj
Total
17-5
82.5
100.0
18.
81.6
100.0
22.7
77-3
100.0
Within
2.622
ooanenbar
Central Beaerre Olty banlcB
1 to 3
1.7
12
Chicago
banks
352
Reserve City
banls
country
coDBterclal
banlca
Treasury Bulletin
56
Treasury Survey or Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Quarterly Data on Ovnershlp by Commercial BanKs, Classified by Membership
In Federal Reserve System - (Continued)
Section
-
I
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
-
leeua
(Tax Btatua ^J le shown In parentheoes)
(Continued)
(Continued)
PART B - DISTRIBUTION OF OWNERSHIP TOR EAOH ISSUE OUTSTANDINO
(Far Taluae - in milllosa of dollars)
-
December 1945
57
Treasury Survey of Ownereiilp of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Quarterly Data on Ownership by Comniercial Banks, Classified by Membership
In Federal Reserve System - (Continued!
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
leeue
^
in shown in parentheses)
(Continued!
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO-( Continued)
(Par Talnee - In
(Tax status
-
mllUona of dollare)
-
(Continued!
Treasury Bulletin
5S
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, September 30, 1945 - (Continued)
Quarterly Data on Ownership by Commercial Banks, Classified by Membership
In Federal Reserve System - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par Taluea X/ - in nllllona of dollare)
iBsoe
(Tea Btatue 2/ la ihown In parenthesea)
-
(Continued)
59
December 1945
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
60
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
October 31, 1045
Table I.- Securities Issued or Guaranteed by the United States Government
PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES
1/
December 1945
61
Over-the-C!ounter Closing Quotations on F>ublic Marketable Securities Issued by the
United States Government and by Federal Agencies
October 31, 1945 - (Continued)
Table I.- Securities Issued or Guaranteed by the United States GoTernmentJ^- (Continued)
PART C - TAX-EXEaiPT BONDS
A.i]ount
out(mllllone)
Treasury Bulletin
62
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
October 31, 1945
-
(Continued)
Table II.- Securities Issued by Federal Agencies but not Guaranteed by the United States
taowt
outstanding
(Mlllione)
December 1945
63
YIELDS
OF TREASURY SECURITIES OCT 31,
Based on Mean of
CMp/ono/ion
ClosiniJ
Bid
1945
and Asked Quotations
The points represent yields lo call date when pnces ore above par. and to maturity dote when prices are at par or helrw The smooth curves for
the various classes 0/ points ore fitted by »ye Issues for mhicfi an encfiange offer has been made or wtt/cfi are due or colloblt in less than 3
months ore excluded
Office of the Secretory of the Treosury. Division of Research ond Statistics
F-235-B
Treasury Bulletin
61^
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per Euunan)
Partially
tax-axmpt
Sste
Treaeorj
bonds 1/
Taxable
Treaeory
l)ond8 1/
Hlglv-
grade
corporate
bonds 2/
Ilate
Partially
Taxable
tax-ezanpt
Treasury
Treaeuiy
bonds 1/
bonds 1/
Monthly series
1937-Jan
Feb
Mar
2.56
Apr
May
2.23
2.80
2.21
2.51*
2.66
June.
.
.
July.
.
.
2.78
2.78
2.82
tug
Sept
Dec
2.82
2.78
2.73
1938- Jan
Feb
Mar
2.69
2.68
2.67
ipr
2.66
2.56
2.58
Oct
Hot
M^
Jvne.
.
.
2 ,58
2
2 ,63
July
Au£
Sept
Oct
2.55
2.55
2.56
Not
Dec
2.5U
1939-Jan
Feb
Mar
2. 15
Apr
Hay
June.
.
2.38
2.27
2.22
.
July
Aug
Sept.
.
2.23
2.27
2.6r
.
Got
2.60
Sot
Dec
2.35
l9U5-May
2.I16
5
•
12.
19.
26.
June
2.
9.
l6.
2330.
^
HI itgrade
corporate
bonds 2/
65
December 1945
S
RCEI
ted
(/)
O
z
o
m
lij
o
Q.
(T
O
O
O
<
>or
IJJ
a:
I-
li.
o
CO
o
_l
UJ
>hi
<
111
^
CO
^
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
2.8
3.0
3.2
3.4
3.6
3.8
66
CORPORATIONS
OF
THE
Treasury Bulletin
CERTAIN OTHER AGENCIES
UNITED STATES GOVERNMENT
AND
67
December 1945
Section
I
-
Summary of Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government
Table 1.- Summary of Balance Sheet Items, Segregating Interagency Items, September 30, 1945
(Zn mllllonB of dollars)
Total
Corporations
Certain
other
Total
agendeB
Asaeta
Corpora^
tlons
Liabilities (oontlnued)
Caah 1/
gll*.5
'77.9
DapOBlta with QoTemment agenciee
301*.
30l*.9
336.6
Treasury
Quaranteed secoritiee - public
issues
Hot guaranteed kJ
Others:
Quaranteed securities
Mot guaranteed k/
loans receivable from OoTeranent agencies
883-7
883.5
I^anB receivable f^om others, less reserres
5,1409.2
U. 1*37.0
972.2
1.63U.6
1,052.8
1,501.8
652.0
132.8
1«)0.8
2.Ug6.7
2,1*01.5
85.3
Accoiuits and other recelTables ftom:
Others
,
less reserves
ComiBOditleB , supplies,
and materials
Other liabilities 5/
Total llaiiUtles
2/
GoTemment agendas
...
Investnents:
Public debt obligations of Onlted
States
Securities of Oovemment agencies:
Qoaranteed securities - pablio
Issues
Hot goarenteed
Other less reserves
,
Aiaranteed Becurlties held by Treasury.
Capital
tElted States interest:
Oovemment agencies
Other
1.756.3
1.657.5
6.8
6.8
367.8
363.1
12.l4««.3
98.8
•.7
20,816.1*
Total United States interest
Private interest s
Total capital
Total liabilities and capital
12,1188.3
Land, structures, and equlpnent, lesB
reserves
Bonds, debentures, and notes pay^able
to: kj
Oovemment egeneies
Qoaranteed securities Issued to
7.967.9
12,81*8.5
Analysis of Investment of United
States
Paid-in capital
Acquired security or collateral, less
reBsrves
Capital stock and paid-in aorplus of
Oovemment corporations
71.9
1*9.2
22.7
619.0
1*1(0.5
178.5
1.U71.7
617.3
2l,76U.l
Treasury loans to Oovemment corporations
Total investment of Tbited States
Earned sxirplus 6/ (Ifaited States share)
Book value of Qnited States interest,
including interagency iteme
Other assets i/
Total assets
50.187.
85!*j.
g8,Ug3.7
Interagency items (net), emounts due
to:
1/
Government corporations
Certain other Oovermoent agencies..
Oovemment agencies not required to
report
Book value of Dnlted States interest
after exclusion of interegency items
Liabilities
Accounts payable and accrued liaMlltiea
to:
Oovemment ageacles
Others
589.U
I.09IiIt-5
535.3
535.9
5U.I
558.
ContlnKent liabilities
Quaranteed loazia
Trust and deposit Uabllitias to:
Oovemsent agencies
Others
2.808.7
288.6
2.7'*9.3
59.1*
265.9
22.7
12,1*88.3
12,1*88.3
6.8
887.0
520.2
551.3
1,135.1*
3.102.1*
221952.1*
Certain
other
afenclea
68
Section
I
-
Treasury Bulletin
Summary of Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government - (Continued)
Table 2.- Comparison of Total Loans Outstanding by Type of Loan for
Recent Quarterly Perlodsi/
(Is
mllUoai of dollar*)
Decemher 1945
Section
I
69
-
Summary of Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government - (Continued)
Table 3.- CompariBon of Loans Outstanding of Each Agency by Type of Loani/,
September 30, 1944 and 1945
(In mllllong of dollara)
loani to aid
agrlcoltnre
lotal
Icane to aid
hoDe ovnere
Loans to aid
Indnatry
Corporation or other agency
Sept. 30,
19MU
Sept. JO,
Sept, 30,
Sept. 30,
I9U5
19IA
19U5
Sept. 30,
Sept. 30,
Sept. 30,
Sept. 30,
19lt5
1911't
19115
Corporations
ErecntlTo Office of the Preeldent:
Office for Bnergeney
Hanageoient:
foreign Economic Adninistration:
Euhber Development Corporation
U. S. Conmercial Cosipany
Office of Inter-American Affaire:
Frencinradlo Inc
Smaller War Plante Corporation
1.6
2.3 r
2.1t
.1
,
Department of Agriculture:
Commodity Credit Corporation
I^aim Credit Adminletratlon:
Eanlce for cooperatlvee
Federal intermediate credit hanka
Federal land hanks
Beglonal Agricultural Credit Cozporation of
Vaahlngton B. C
Federal Farm Mortgage Corporation
,
Department of Comnerce:
Inland Vatervaya Corporation
2:q)ort- Import Bank of Washington
Federal Deposit Insurance Corporation
26.lt
31*.
297.0
108.
116.1
1,286.3
127.9
279.5
I.IOS.U
1,286.3
127.9
279.5
1,108.U
19.3
37U.6
10.2
291.0
37lt.6
10.2
291.0
29U.1*
2
26.U
297-0
116.1 2/
29u.lt
3lt.2
108.
**
Federal Loan Agency; Heconstructlon Finance Cozporation
and certain affiliates:
Reconstruction Finance Corporation
Di saster Loan Corporation U/
Federal National Mortgage Association
The BFC Mortgage Con^Jany
Defense S[q)pllee Corporation kj
Hatlonal Housing Agency:
Federal Borne Loan Bank Administration:
Federal home loan hanke
Home Owners Loan Corporation
Federal Public Housing Authority and affiliate:
Federal Public Houeing Axithority
Defense Homes Cotporation
'
Tennessee Valley Associated CooperatlYes. Inc
Tennessee Valley Authority
Total loans 1/ of OoTemment corporatione
.1*
-3
223-5
22.0
227.1
13.3
1,323.2
I.OU9.3
.U
9.3
U8.0
100.2
97.7
12.2
5U.6
78.6
9-2
30.9
398.5
25!*-
78.
95-2
1.155.5
99.8
908.O
307.2
288.1
.9
-9
.2
-3
1.155-5
908.0
•9
-9
1.303-1
961.3
2-7
3.0
2.6
lt,609.2
2,388.1*
1,926.0
152-9
519.9
353.6
11*3-5
152-9
IU3-5
U85.6
388.3
51-9-9
3I40.1
388,3
Department of the Interior J/.
Federal Works Agency 8/
13.5
7&.8
12.9
76.8
5-5
5.0
Satlonal Houeing Agency:
Federal Housing Administration.
17.U
19.1
U<ed Statee Maritime Coomisslon
Other 2/
8.U
56.5
6.7
123.7
1,197-1
1.256.6
7.000.6 r
5.865.8
5,803.5 r
13.5
505-8 r
2.U
290.8
Certain other agenoles
Department of Agriculture:
Farm Credit Administration 6/
farm Security Admlnletration
Sural Electrification Administration.
Total loans 1/ of certain other Oovemment egencles.
1:85.6
1,018.5
1.022.3
3.'to6-9
2,9118.3
8.U
53-U
6.7
119.0
61.8
125-7
567-6
U16.5
Corporatione and pertain othar agenoiag
Total loans 1/
Sonrcei
r
*
1/
2j
Dally Treasury Statements,
BeTised.
Less than $5^,000.
ficdudes loans recelTable from OoTerrunent egencles. Figures do not
reflect eny reserres for losses that may haTe been established.
Srcludes loans discounted with Federal intermediate credit banke
emonnting to $l6.1l million.
^
kJ
^
1.303-1
961.3
Loans made by ooomerclal banks on behalf of the Ksport-lnport Bank
under egeitfy agresaents are included in the oaount of $59*6 million
aa of Septaber 30, 19Mt and t88.U million as of Sif.taiber 30, I9I15.
Merged vithin the the Reconstruction Finance Cozporation as of
July 1, 19115.
Commitments to purchase loans amounted to en additional $118.2 mll-
(Contlnnied on following page)
Treasury Bulletin
70
Section
I
-
Summary of Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government - (Continued)
Table 3.- Comparison of Loans Outstanding of Each Agency by
September 30, 1944 and 1945 - (Continued)
Tyi>e
of Loanl/,
(In millions of dollars)
Loana to aid
States, Territories, etc.
Loans to aid
financial
Institutions
Foreign
loans
Other
loans
Corporation or other agency
Sept. 30,
Sept. 30,
I9IA
I9U5
Sept. 30,
Sept. 30,
Sept. 30,
Sept. 30,
Sept. 30,
S«pt. 30.
191*5
19*
19U5
191*
191*5
Corporatlona
Executive Office of the President:
Office for anergency
Management
Foreign Beonomlc Administration:
Suhher Derelopment Corporation
U. S. Commercial Company
Office of Intei^American Affairs:
Francinradlo, Inc
Smaller War Plants Corporation
1.6
2.3 r
2.1*
Department of Agriculture:
Commodity Credit Corporation
Tarm Credit Administration:
Banks for cooperatives
Federal Intermediate credit hanks
Federal 1 and hanks
Regional Agricultural Credit Corporation of
Washington, D.
Federal Farm Mortgage Corporation
Department of Commerce:
Inland Waterways Corporation
ICxport-Import Bank of Washington
Federal Iteposlt Insurance Corporation
Federal Loan Agency:
Reconstnictlon Finance Corporation
and certain affiliates:
Reconstruction Finance Corporation
Disaster Loan Corporation 4/
Federal Rational Mortgage Association
The RFC Mortgage Company
Defensa Si^pllea Corporation kj
National Housing Agency:
Federal Eome Loan Bank Administration:
Federal home loon hanks
Eome Owners' Loan Corporation
Federal Puhllc Housing Authority and affiliate:
Federal Puhllc Housing Authority
Defease Homes Corporation
.u
138.6
120.1
22.0
13.3
69.0
61.3
223.3 r 2/
226.9 i/
310.2 r
291.5
393-0 r
1.9
309-7
«
2i.i
17.1
1.6
1.5
19. U T
35.2
305.6
286.6 5/
1*5.0
ll07.lt
99.8
Tennessee Valley Associated Cooperatives, Inc.
Tennessee Valley Authority
Total loans 1/ of Government cozporatlous-
186.1
17U.3
555.1 r
520.8
1*20.0
T
328.7
Certain other agenolee
Department of Agriculture:
Farm Credit Administration 6/
Farm Security Administration
Rnral Electrification Administration.
13-5
Department of the Interior Jj
Federal Works Agency 8j
7U.8
National Housing Agency:
Federal Housing Administration.
United States Maritime Commission
Other 2/
Total loans 1/ of certain other Government agencies-
8.0
8.0
17.1*
19.1
T6.8
gs.3
76.8
3-1
*-7
38-5
31.8
Corporatlona and pertain other aKenolee
Total loans 1/
6/
2J
8/
533-3
1*81*.
lion on Septemher 30, 19lt5.
Consists of Agricultural Marketing Act Revolving Fund and Bnergency
Crop and Feed Loans.
Consists of Indian loana. Puerto Rlcan Hurricane Relief Loan Section, and Puerto Rico Reconstruction Administration.
Oonslsts of Public Worics Admlniatration and War Puhllc Woika, Oom-
186.1
2
2/
17'*.3
555-1 r
520.8
1*1*8-5
r
360.5
munlty Facilities.
Conalsts of Navy Department Guaranteed Loans (World War II): War
Department Guaranteed Loans (World War II); Federal Security Agency,
Loana to Students; Federal Puhllc Housing Authority, auhaistence
homestead loans; and Treasury Department, Miscellaneous Loans.
December 1945
Section II
71
-
Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government, September 30, 1945
Table 1.- Corporations y
72
Ireasury Bulletin
- Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government, September 30, 1945 - (Continued)
Section II
Table 1.- Corporations!/- (Continued)
(In millions of dollars)
'i
2/
10/
which have retired the coital stock and paid-in eurplue previously
held by the United States GoTemiaent.
Bbxludea unexpended balances of e5)proprlated funds.
Includes mortgage loans In process of forecloaura.
The reserve for losses on loans receivable IncliideB othar loss reserves which cannot be distributed to the aeaets to which the^ apply.
Consists of accounts and notes receivable, accrued aa8ets> and adTances to contractors and agents.
ConslBta of deferred chargee, undistributed charges* and other
73
Decembet 1945
Assets and Liabilities of Corporations and Certain Other Agencies
of the United States Government, September 30, 1945 - (Continued)
Section II
-
Table 1.- Corporations^- (Continued)
71^
Treasury Bulletin
Section II - Assets and Liabilities of Ck)rporation8 and Certain Other Agencies
of the United States Government, September 30, 1945 - (Continued)
Table 1.- Corporations!^- (Continued)
(In mllllonB of dollars)
75
December 1945
Section II
- Assets and Liabllitlee of Corporations and Certain Other Agencies
of the United States Government, September 30, 1945 - (Continued)
Table 2.- Certain Other Agencies
Treasury Bulletin
76
INTERNAL
REVENUE
STATISTICS
December 1945
77
Summary of Internal Revenue Collections
^
(In thouBandfl of dollarfl)
TlBcal year
or month
Income and profits taxes
Total
receipts
from Ijitornal reTanue
Adjust ment
to Efelly
Treanuy
Clfelly
Statement
Treasury
Statement)
1936
1937
1938
1939
3.512.852
+18,521
-37.168
5,67U,3lg
5,161,231
+30,1*70
19110
5.303.13'*
191)1
7.361.675
12,993.118
Total
internal
revenue
oollectlone
IndlTldnal
2/
3,'*9'*.331
1,1*27.141)6
67U,Ul6
2,179,828
2,629,030
1,091,71*1
5.322.771
1,286,312
1,1*17,655
+101,661*
22,368,721*
1*0,119,510
1*3,800,338
16,298,883
33,027,802
35,061,526
3,262,800
6,629,932
18,261,005
19.03'*. 313
2,1)87,738
2,395,2lio
U, 265,612
1,809,766
1,633.189
U.9'*5,M«7
-607,262
-95.871
+679,875
3,01*2,1*77
3.81'*, 557
-631,287
-170,735
3.673. 76U
3,02U,l6i*
6,1*31,33
+813,5110
3.985.292
5.617.781
^rll
2,7'*5,867
•fa7
2,920.937
5.38U,393
-285,266
-352.957
+71*3, 265
3.031.133
3.273.895
Ul,6sU,9S7
U3, 902, 002
iglA-Octoliep.
NoTemlter
1,880,1*76
.
-
.
December.
19U5-Jaiiuary.
.
Tebruary.
March
Jane
1.1*98,705
629, 31*1*
137, '*52
11*3,978
1,738,372
1.779,177
1,290.025
1.307.931
71)0,1*29
833,521
8,501
6,836
13'*.095
21*3,026
199.507
26,8%
36,981
3.10I*
2,617,322
2,726.523
1,821,017
1)01,817
1)25.366
5,026
6,065
102,795
71.26s
317.1*12
19'*,263
i*,995,87'*
l*,6la,1118
2,1)07.751
2,1106,326
i*,025,296
1,760.877
1.989.318
1,208,613
2,81*8,726
-631.609
-165,959
3.158.232
3,011*, 68U
2,21)1,907
1.916,33'*
3.669,61)2
3,157.95U
l*.8l*6,5g5
+725,01*3
U, 121, 51*2
3.552.851
1.587,872
1.569.985
1.162.276
October.
2,3l(0,2l«
-1*98,887
2.839.1?7
2.030,951
1,388,792
.
100,658
119.617
156,008
183.337
81*, 21*1
15.883.235
13,11*5
61,571
5.789
637.651
9,22U
9,885
20,983
106,510
296,726
99.916
256.311*
1*1*,020
U.!)28
6146.1*1*3
7,592
125,1*71
3IH.598
2.379.553
'*.75l
271*. 151
11.022
636,181
5.978
1)07.123
1/
287
II49.U76
109,1*27
122,01*8
137,871
170,1)09
211,151
OU
186.1)89
26^,
28lt,758
5,688
7.991
877
2,937
35,52B
33.000
30,02U
106,572
3,362
52.ia9
125.1*70
3.161.712
2.795.700
Ball road
retirement
1)8
58,119
90,267
101,167
106,123
?.5SU,715
11*.
ment insurance 6/
207,339
502. 918
529,836
605.350
687.328
895. 336
1.131,51*6
It,
tJneiqploy-
1)8
265.7^5
U78,507
382.066
3,3lU,922
2,526,623
.
1'*.509
1.322,75s
1,21*1*. 287
327,870
2.300,370
Joly
iugust . .
September.
.
5/
925,856
1,185.362
2,016,297
3.1*71,121*
01dr>aee
ifieorance
37.172
56,621
1,120,582
8,006,881*
Social Security
taxes
Total
eaployment
taxes
687, 1*62
1.122.51*1
982,017
7.351.5?'*
Miscellaneous
profits
taxes U/
71*2.660
1,028,831*
13,029.915
ftployinent taxes
fei786
33.7U0
27.010
2,185,111*
+10,11*1
22,11*3.969
738.521
1.056,909
1.299.932
2,129,609
-36,797
-22U,755
+l,565.U77
igte
19U1
igiw
19U5
Cozporatlon
income and
excess
profits
y
l*,6*.308
5,643,81*8
5,162.361*
-1.133
-19.637
Total
Income
and
profits
taxes
1,502
U.931
10,330
1,129
1,663
30,082
5.093
37,339
117,656
230,282
3.352
2.722
35.078
33.368
102,270
96.706
3.595
I.9S9
38.lt6U
Mlacellaneons intenial reTenua
Titcal year
or ffloath
Total
mlscellaixeous
Internal
rerenue
Ci^ltal
stock
tax
1936
1937
1938
1939
2.001*. 513
9U,?l*3
2.188,735
2,272,158
137,1*99
139.3I19
2,236,8a
19I1O
2,359,61)1
127,203
132.739
191*1
2.95'*. 553
191*2
191*1*
3,837,670
4,571.131
5.353.336
191*5
6.959.63'*
166,653
281,900
328,795
380.702
371.999
191*3
19ltl*-0ctober...
Zetate and
sift taxee
378,81)0
305,51*8
1*16,871*
ileobollc
boTerage
taxea
505.21*3
593,831
567,669
587,605
Tobacco
taxae
500,785
551.923
567.777
Stamp
taxee
68,990
69.919
Manufactnrari' and
retailers'
excise
taxee
Miscellaneous
taxes
379.5l»0
76.IP
1*1*9.851*
U16.751*
80,161
117,502
579.781*
396.891
11*3,51)0
62l*,o6l*
608,073
38,681
W7.088
11)8.925
1*07,0^8
n9,869
1,0148,165
l,l*23,l4»
697,712
780,792
923.857
39.057
41.7D2
511,210
1,618,01*5
988,i)«3
61)3,055
2,309,864
932.11*5
50.800
65.528
617.373
852.069
670,015
728,696
i,2o6,a.6
206.831
jfc
W*7,i)96
1,1*30,1*28
196,077
77,521
81,180
5.31*5
5.11*2
1*.893
656
95.259
113.119
102.617
ll9,5i'2
112.1)88
116,579
104,199
90.376
89.755
116.530
1*32,
1*5.155
732.332
1,075,1)01
51*3.877
18.61)0
520,025
558.989
361*
38.520
31.707
311
1*9.690
203,751*
201,1*61
I9U5- January..
Tebruary.
March
51*6,806
(-a)
1*9.295
206,1)08
78,1*50
509.926
560.337
21*7
37.1*1*5
191*, 59I*
66,047
5.718
5.893
1I09
89.153
170,878
73.6a
5.51*6
5.1*35
96,517
100.350
5.983
6.300
U6,192
ia.246
103.697
115.686
91*.
115,91*6
iM>rll
516,871
1)09
75.1*73
171.062
Hay
Jane
570,81*2
(-67)
261
6U,29g
61,807
180,161*
190,852
67.625
83,025
93.230
198,335
198,621
83.658
5.870
iao.75?
108, U72
5.1*79
102.721*
198,1*97
100,738
5.500
93.1*71
228.00U
131.767
92.888
21*2,799
119,581*
6.78U
122,295
11)0.039
571,832
July
inmost
September.
790.851*
10l*,92l*
't9,32U
821*, 199
531.352
208,936
68,601
33.516
October.
705.907
30,015
.
Soorcei
.
.
..
6.71*2
(1) Total receipts from internal rerenue
(2) Detailed collections I7 type of tax:
1*1*.
391
Dally rreasory Statements;
Heports of collections made
by collectors of internal reTenua.
1/
2/
2J
U/
Zxclodes collectione for credit to certain trust accounts for territories and insular possessions, etc.
Includes collection of taxes withheld by toftloyers pursuant to the
Berenue Act of 191)2 and the Current Tax Payment let of 191*3Includes income tax collections on Alaskan railroads. Itie excess
profits tax included in this column is that in^osed under the
Second ReTenufi Act of 191)0. as amended.
Consists of the declared Tslue excess profits tax, the profit limit-
5/
6/
62.323
1)00,501
SoTember.
December.
70,601*
adjustment
taxes
8/
1*6.233
1*1.083
360,715
360,071
i^rlcult-oral
ing proTlslons of the Vlneon Act. md the tax on unjust enrlolvment.
Represents collections under the Federal Insorance Contributions
Act connencing September 1939: prior thereto, collections tmder
Title Till of the Social Security Act.
Represents collections under the Federal Tftiec^loynent Tax Act
commanclne September 1939; prior thereto, collections under
Title IX of the Social Security Act.
Represents collections under the Carriers Taxing Act of 1937*
Includes tax collections under the 9ngar Act of 1937 eiid under
the dividends tax iB9>osed by the Act of jnne l6, 1933.
Treasury Bulletin
78
COLLECTIONS OF INTERNAL REVENUE
DOLLARS
DOLLARS
Billioni
Billionft
Total
50
50
•Fiscal year
40
\\Comparison
'
1931
32
34
'33
first
fiscal years
'35
'36
4 months
1945 and 1946
'37
38
DOLLARS
DOLLARS
Billions
Individual
Billions
Income Taxes
22
10
1931
2
39
'33
'35
•37
19
'41
'43
'45
40
41
42
43
44
'45
'46
December 1945
79
Detailed Analysis of Internal Revenue Collections^
(In thouaacds of dollars)
Fiscal years
71r8t U
Type of tax
19Ult
Income and profits taxes:
IndlTldual:
Withheld by en^loyers:
Current Tax Payment Act of 19U3 2/
Hewnue Act of 19U2
Other:
Current
Back
^
Total Individual Income taxes
,
Corporation:
Income taxes:
Current 2/
Back
Sxceee profits taxes (Second Bjereime Act of
as amended)
I9U5
riscal
year
191*5
19I46
7.038.1438
78I4.997
10. 263.1418
3.687.878
802
6I42
10.253,831
183.7*3
8.567,lU7
IS. 261, 005
19.03I4.313
U.Tfe.TlU
521.^31
3.836.3I43
58
1.617,091 r 5/
32.875 r 5/
5.338.1*86 r
I.788.I413
U, 1421. 682
I458.03I4
1,227.976
I.19I4.795
96.61I4
lUe.USl
2.662.1499
202,9147
It/
MiecellaneouB profits taxes:
Declared Talue
Tlneon Act
IM Just enrichment
Total miscellaneous profits taxes
Total Incone and profits taxes
9.31*5.198
11,003.520
3.032.290
lU,629.3W*
15.883.235
U. 356.
136. 9S0
59
1143.798
U3U
180
28
137.^
1143.978
145,965
33*027*802
35.061,526
9.7UI.33O
1.307.931
1*73.31*1
186.>489
l.U9U,l4aO
14914,613
879 r
1*5.936
:
Ifa^loyinent taxes:
Social Security taxes:
Old-age insurance 6/
Ifaeii5)loyment insorance JJ
Total Social Security taxee
1,290,025
M-
l.t73.36
21.271
Eallroad retirement S/
265,011
758
75.523
Total employment taxee
1.738.372
1.779.177
570,135
Klscellaneous internal rerecue:
Cc^ltal stock tax
Estats tax
Gift tax
Alcoholic 'beverage taxes:
Distilled spirits (isiported, excite)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Vines, cordials, etc. (inserted, excise)
Vines, cordials, etc. (domeetic, excise)
Brandy used for fortifying sveet vines (repealed
as of July 1, I9I1O)
Dealers in Ustilled spirits; rectifiers; masufaoturers of stills (fecial taxas).
Stacps for distilled spirits intended for eaqport
Case stamps for dlstillsd spirits bottled in bond.
Container stamp s
Floor taxes
7en&ented malt Hqncre
Brewers; dealers in malt liquors (special taxes)..
.
Toted alcoholic beverage taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes (oaall)
Snuff
Tobacco (ohewlng and moklDg)
Cigarette peters and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes
Total tobacco taxes
Stoo^ taxes:
Bonds, issues of capital stock, deeds of convejfw
ancsi etc
Tranafero of cspltal stock and alfflilar interest
sales
Total stai9 taxes
814,110
5.7D8.925
I9I4O,
Total corporation taxes
Playing cards
Silver bullion sales or transfers
uothe
Fiscal
year
281*.
380.702
371.999
370 ,086
U73,U66
596.137
181,3814
37.7^5
146.918
2.8O3
286.871
611.835
I8.87U
199.691
1.281*. 613
63,0214
1(06,209
't,027
2.122
P,068
145.269
9,056
912
13,960
32.51*9
12
8.109
2
1.369
8.516
8,308
U,800
886
11.213
U36
1*
14,098
85, 83lt
^83,3143
1*6.772
599.152
3.375
633.682
3.130
239.503
1.916
1.618.0145
2.309. 86U
U.llO
30.152
107
Off
903.958
7.692
>(5.264
l.l6it
2
50_
790.691 r
695
836.058
7.7I4I
"49.571*
1.390
1
33
55
288.316
2.306
16.135
371
1
3
988. U83
932.11*5
318.36I4
10.I468
26,2U3
33.157
17.09«
214,852
7.146s
7,Ull*
7.1*93
2.672
|t7_
50. 800
25
65.5??
20,617
't.003.775
Treasury Bulletin
80
Detailed Analysis of Internal Revenue Collections!^ - (Continued)
(In tbouBands of dollars)
Tlscal years
First k months
Type of tax
I9IA
Miscellaneous Internal revenue ( cent inxied)
Manufacturers' and retailers' excise taxes:
Lubricating oils
Oaeollne
Tires and tubes
Floor taxes on tires and ttibes
Automobile trucks and buses
Other automobiles and ootorcyclee
Parts and accessories for automobiles
Zldctrical energy
HLectrlc. gas, and oil e^pliances
Electric ll^t bulbs and tubes
Electric si^s (repealed as of ll/l/Us)
Radio sets, phonographs, components, etc
Phonograph records
Musical instruments
Mechanical refrigerators, air-conditioners, etc..
Matches
Floor taxes on matches
Businsss and store machines
Furs - retailers* excise
Jewelry - retailers' excise
Luggage - retailers' excise (effectire h/l/Uh)
Luggage - manufacturers' excise (suspended as of
,
.
k/l/m
Optical equipment (repealed as of II/I/U2)
Photographic apparatus
fiubber articles (repealed as of 11/1/1(2)
Sporting goode
Toilet preparations - retailers' excise
Washing machines (repealed as of 11/1/U2)
Firearms, shells and cartridges
Pistols and revolvers
Eepealed taxes not listed above
Total manufacturers' and retailers' excise taxes.
Miscellaneous taxes:
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leaeed
wires, etc
Local telephone service
Transportation of oil by pipe line
Transportation of persons, seats, berths
Transportation of property (effective 12/1/U2)...
Use of motor vehicles (effective 2/1/1(2)
Use of boats (effective 2/1/U2)
Leases of saf^-depoeit boxes
Admissions to theatere. concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated eod processed or renovated butter,
mixed flour 2/ and filled cheese
Oleomargarine, including special taxes
Harcotios, including marihuana and special taxes.
Coconut and other vegetable oils processed
Hational Firearms Act
All other, including repealed taxes not listed
above
Total mlecellaneous taxes
Total miscellaneous internal revenue
52.1*73
92.865
Sk.lX
271,217
1(05.563
1(0,309
75.257
130.135
22,0U5
25
•
•
3.2't7
20,81(7
"(.103
1,222
31.551
51.239
5.027
5.368
255
16.1*99
12.060
11.035
3.361
3.MO5
32.811
15U,369
5.819
38,735
28,61(6
1*,902
•
5,21(2
6,285
17
1.358
55
3,1(02
'V.753
1.506
1.889
633
2,015
927
1.637
53'*
526
9.m
2.79g
1,066
3.518
U
10.120
2.15'*
13.390
2.1(06
8,671
55
3.760
58,726
U3.373
79,1*18
18l(.220
8.31*3
73.851
8
295
2,1(98
1(4.790
3.132
1,279
5
35
2
1,206,616
338.683
10
27.516
1,1(03
3?
73.29'*
11(1,275
208.018
133.569
16.286
90,199
15.851
153,683
23l(.182
(-91)
U39
221
165
61
128
733
'*,322
595
17.981
59.569
23,811
12,831*
1,205
8,091
16.361
6,80U
6.371
6,09s
67,176
178,563
26,726
9.182
2,208
300.589
56.877
lU.lbO
l(,l6o
19,208
3.830
3.113
18,1(75
19,100
13.91*5
18
U,08U
16
58
5.503
756
6,208
16
201
180
1,075.1101
1,1(30.1(28
581.380
106,1(1(5
•
528
7.676
109
507
1
1*38,829
9U.656
122.295
20,560
2
6,660
U.087
76,51*6
1*8,235
5.505
88,207
78,316
118.706
197
2.320
7.3U
2
(-1.293)
(-581*)
'*2,725
6.59>»
1,103
13
^ 299
6,230
2
5
13U,326
352
779
7.190
7.U6
l,6U6
3.395
61*7
6,177
2U
2,011
27.676
1
1.398
5.1*77
221.088
128.701
336
215,1(88
701
639
3
385
7.001
U3.SI3
8.031
37
3.517
5UU
6.198
7
1.126
23.727
68,789
1,055
159
3.533
it.on
h
19.288
228
k.zks
86,615
1,061
37
72s, 69U
21.323 p
6
73
'*.777
11,907
729
1(59
1(6.515
October
I9U5
19UU
37
15.771
2,TD7
23.155
19.673
539
13,851
Ug.'uto
57.001*
,
Oc toller
Tlseal
year
I9U6
fiscal
year
19U5
19U5
r
5.213
ek.zee
76,U3^
uU,T9l(
17U
2.555
115.651
23,190
5,1(01*
3,036
12,707
15
3"*
2.057
229
1,971
1.81*3
1.871*
10
3
2
17.983
2U.2W
10,1(26
1,1(00
22.781*
16.751*
17.970
1.536
22.519
899
1.1(15
2l(.01g
6
1*
55
^
26,36l(
671
831
35.696
6,69U
1.172
a6
2a
658
eiu
U,73i*
1
(-3)
536 r
388
57
585
21*9
J
72
592,699
U3,119
11(0.039
5.353.336
6.959.63'*
2.6oi(,oo7
2,852,312
51*3.877
705.907
Total internal revenue collections
1(0,119,510
'•3.800,338
12.915.'*72
13.133.585
2,1*87.738
2,839,127
Adjustment to Belly Treasury Statement
1.565. ''77
I0l.66l(
-598.880
-571.1*11
-607.262
-1*98.887
Total receipts from internal revenue (Dally Treaaory
Stateoent]
Ul.681(.9g7
1(3,902,002
12,316,593
12,562,171*
1.880,1*76
2.31*0,21(0
Source:
r
•
1/
2/
^
Daily Treasury State(1) Total receipts from internal reveime:
Reports of colments; (2) Detailed collections by type of tax:
lections made by collectors of internal revenue.
Revised.
Less than $500.
Excludes collections for credit to certain trust accounts for
territories and insular possessions, etc.
Consists only of collectione for which returns have been filed
with the Collector of Internal Revenue. Collections under this
act as shown in Daily Treasury Statements consist of withholdings
deposited in Oovemment depositaries in addition to payments accompanying returns filed with the Collector of Internal Revenue.
Current collections consist in general of taxes paid within twelve
months after the close of the taxable year for irtlich the return was
filed.
}y
5/
Ciurrent indlridual Income tax collections for the flsoal 790X
19^5 tncliade paynenta on oaforglTon portion of 19^ tax, due
March I5. I9U5, of $308, 605 thousand for the period January 1. I9U5
throng .^rll 30, 19U5.
Berlsione represent payments on 19^ estimated tax (Form loUO XS
for I9UU) previously claeslfled ae back taxes, now classified as
current taase.
Bepreeents collections under the Federal Insurance Contrihutlone Act.
Represents collections under the Federal TAies^loyment Tax Act.
Represents collections under the Carriers' Taxing Act of 1937'
Tax imposed i:^n the manufactrure and sale of. and the occt^atlonal
tax on, ndxed flour repealed ae of Hovamljer 1. 19^-
December 1945
«i
MONETARY
STATISTICS
Treasury Bulletin
S2
Gold Assets and Liabilities of the Treasury
(In oilliona of dollars)
Liabilities
End of calendBT
year or month
Gold aesete
Oold certificates 1/
1936
1937
193«
1939
ll.ZRT.S
12,760.0
I7.6U3.U
8,959.6
9,212.3
11,872.3
15. 278.6
igw
2l.99'»-5
19,825.1*
19U1
igUa
19U3
22.736.1
22.726.3
21.937.8
2a,6lE.B
20,561».8
20.726.7
ll*,511.2
19U11
igUlt-October.
..
November
December.
.
19U5-Januai7.February.
March
•
Oold reeenre
against U. S.
notes, etc. 2/
20,611.9
19.821.0
18,1*97.1*
20.68«.lt
18,605.1
18,581.1
20,616.8
18,1*97.1*
20,5119.8
18,1*26.0
20.506.0
18.398.3
18,313.6
20,1*18.7
3U1.9
1.591.6
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1.800.0
215.3
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
156.0
156.0
156.0
1,800.0
1.800.0
1,800.0
167.7
151.6
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
157.8
163.9
153-8
167.3
11*9.6
July
jLu^at
September.
20,152.1*
20.087.8
20,072.8
18,032.5
17,977.9
17.9U9.U
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
October p.
20,036.5
17.930.9
156.0
1,800.0
Source:
P
1/
.
.
Dally Treasury Statements.
Preliminary.
Coa^irlses (l) gold certificates held by the public and In Federal
Reaerre Banks; and (2) gold certificate credits In (a) the Gold Cer-
18,163.8
18. 106.
2/
y
Nmrly-alnod
doaeetlc
gold
.
Jan. -Mar.
1*6.77
739.62
^r.-June.
U6.37
52.27
73.63
1,1*80.79
July- Sept
Oct .-Dec.
I9UI
Jazie-Mar.
Apr. -June.
JW^-Sept.
Oct. -Dec..
igUS - Jan. -Mar..
Apr. -June.
JHily-Sept
Oct .-Dee.
I9U3
Jan.-Har.
.^r.-Jone.
Jtaly-Sept
Oct. -Dec.
'
Jan.-Kar.
1/
2/
2/
Miscellaneous 2/
2.93
3.1U
3.16
2.50
End of fiscal
year or month
789.32
1.530.30
1,281.31
750.17
,20
36.1*9
-87.01*
30.03
32.36
12.23
-16.1*1
-1*1.17
1.2lt
-152.1*0
.65
-3.01 2/
6.66
-3.23 2/
-187.03
-219. U2
1.77
.35
.72
-3.61 i^
-7.11 If,
1.50
-337.76
.31
-1*26.35
-31*8.00
1.10
S
17.62
-23't.93
Oct. -Dec.
-12.70 2/
Jan.-Har.
J^r.-June..
July- Sept.
-17.89 2/
-18.1*8 2/
-li*.70 2/
-183.33
-188.08
-126.32
158.1*
160.7
165.
165.5
151.2
165.1*
11*9-0
150.1*
150.3
(In millions of dollars)
320.20
221*. 76
76.11
-75.91
-335.65
-U19.55
-3U3.20
-19U.36
Jlpr.-June.
July- Sept.
19^5
U9.67
30.91
05
1,225.88
67U.OU
213.2
Monetary Stocks of Gold and Silver
Treasury Gold Receipts
Oold receiTed by
importation or
released for exportation (-) 1/
682.1*
1*08.9
tificate Pond - Board of Governors. Federal Reaerre Syeten, and
Cb) the Hedemptioa Fund - Federal Resonre notes.
Reeerve against United States notes and Treasury notes of IS90.
Excludes gold In active portion of Exchange Stabilization Fund.
(In milllone of dollars at $35 par fine ounce)
I9UU
1.800.0
1,800.0
1,800.0
1,800.0
1,800.0
20,373.6
20,270.2
20,213.0
18. 259.7
Sold in
General Tund
156.0
156.0
156.0
156.0
156.0
April
May
June
.
I9UO
Exchange
Stabllliatior
Tund 2/
Sold
($35 per
fine ounce)
Silver
($1.29* per
fine ounce)
Batlo of
silver to gold
and silver in
monetary stocks
19I4O.
10,608.U
12,318.3
12,963.0
16.110.1
19.963.1
19U1.
22,62l*.2
1*,
11*8.7
191*2.
U,
306.3
3.685.8
15.1*
3,889.0
3,876.5
3.870.6
15.8
15,8
I5.S
19361937.
1938.
1939.
2,21*9.5
2,51*2.1
17.5
17.2
3,066.U
3.605.2
3.939.6
19.1
IS.3
16.5
15.5
15.9
16.1
15.7
372.'t6
3.27
2.31
1.86
1.U3
1.62
l.U
.87
257.07
136.U3
-2l*.l*0
19U3.
19 w.
-1*8.69
1*9.08
191*5-
22,736.7
22,387.5
a, 173.1
20,213.0
17.57
-27.83
19l*l*-0ctober.
20,726.7
-150.51
-188.27
-212.1*1
-237.1ti*
-206.26
•85
•85
-200.13
-205.71
-lUO.17
Includes gold released from earmaric or gold placed under earmaiic.
Con^risee domestic coin, secondary gold, etc.
Szcess of sales of gold to domestic industry orer receipts of
nevly-mlned domestic gold.
Horember.
December.
19l*5-Jantiary.
20,688.1*
20,618.8
11,298.5
3.9't7.9
20,51*9.8
3,81*1.1
15.7
February.
March. .
2O.506.C
3,833.6
3. 800.
15.8
15.7
i^rll.
May...
June.
20,373.6
20,270.2
20,a3.o
3.777.7
3.70U.3
3,685.8
15.6
15.5
I5.U
July
August ....
September.
20,152.1*
3,61*2.1
20,087.8
20,072,8
3.633.2
7,626.9
15.3
15.3
15.3
October p.
20,036.5
3.566.2
15.1
.
20,1*18.7
Daily Treasury Statement and Circulation Statements
of United States Money.
Preliminary.
December 1945
23
Components of Silver Monetary Stock
(In mllllonB of dollare)
Silver held In Ireaiury
Silver outside
Securing Oliver
certlflcatee !_/
End of caleadar
year or oonth
Total silver
at $1.29
Treaeury
In General Pond
per ounce
Silver bullion
1936.
193719381939-
Subsidiary
coin 2/
Silver dollars
505.7
503-7
502.7
U99.0
775.-
938.8
1.137.6
1,298.2
1,398.1
5-7
5-U
3-5
5-3
2-3
I19U.6
19U1.
19U2.
19U3.
19IA.
l,U76.l
1.516.2
1,520.0
1,520.1
UgU.l
igUU-Octoter.
November.
December.
1.520.1
1.520.1
1.520-1
381. g
19U5-Jaauary
February
March.
1.520.1
1,520.1
1,520.1
375.1*
37't.O
372.1
IU.5
lU.O
9.9
April.
Hay...
June.
1.520.1
1.520.1
1,520.3
370.6'
36s- 7
366. 8
20.2
27-0
2U,2
July
1.57lt.6
15-1
August ....
September
1.587-5
1.619.9
365.1
363-3
361.7
October p.
I.6U5.T
360.5
iu.e
.
.
.
Bullion for
Recoioage ^J
uoo.u
376.5
3
3''7.7
1*28.6
.2
535-3
•
657.1*
662.3
628.2
19.1
11.9
10.2
12.5
379-5
376.5
Dally Treasury Statements and Circulation Statements of United
States Money.
Preliminary.
Less than $50,000.
7alued at SI. 29* per ounce.
Silver
dollars 1/
616.
3.5
9.2
lU.U
12.5
I168.3
Bullion
at cost
G3.0
78.8
96.
117.5
1*20.1
112.5
Subsidiary
coin 2/
350. u
2.1*02.3
366.9
372.8
39U.1
2.806.5
3,31*6.8
1*22.1*
3,790-2
u, 060.0
1*93.5
U,2ltU.8
587-3
68U.7
771.6
'*,207.3
1*.
317.6
3,870.6
U11.9
UU.8
I105.6
117.5
750.3
762.1
771.6
3.889.0
3.876.5
3,870.6
.2
.1
393.8
391.0
378.2
118.6
120.0
121.9
772.U
773-3
779.9
3.8U1.1
3,833-6
3,800.7
.1
361..3
123. U
332-3
32U.5
125-3
127.1
786.2
795-8
801.6
3,777.7
.2
.2
13.9
261.
128.8
130.6
132.2
81U.6
822.7
829.5
3,61(2.1
llt.9
287.8
277.3
3.633-2
3.626.9
228.6
133. >*
833.5
3.566.2
3.70l*-3
3,635.8
Valued at $1.3S* per ounce.
Valued at $1.38+ per ounce or at $1.29 per ounce according to
whether the bullion ia held for recolnage of subsidiary silver
coins or for recolnage of standard silver dollare.
2/
2/
Silver Production in the United States and Silver Acquisition by Mints and Assay Off ices
^^
(In millions of ounces or dollars)
Silver
production
Calendar year
or oonth
Silver acquired by mints and assay offices
in
United
States
Newly mined domestic
silver 2/
Nationalized
silver
Ounces
1936.
1937193819391960.
63.
19U1.
191*2.
71.1
55-9
191*3
lio.g
191*1*.
35-7
71-3
61.7
63.9
68.3
19l*l<- September.
October.
November.
December.
19l*5-Januaiy
.
Dollars
61.1
70.6
61.6
60.7
68.3
1*7-3
271-9
150.3
51*. 6
lt2.U
21*1.5
355.'*
108.
ItO.l
282.8
139-8
70-5
50.1
1*7.9
3i*.o
5.5
3-9
<e.5
72.6
1U.3
Ounces
133-U
3i2;2
U17.1
Dollars
31*3.3
197-8
163-3
199.1
160.6
50.9
208.0
99.1*
27.1
6.0
11*3.1
77.2
62.1
1*0.0
5-5
3.9
156.9
120.5
8-3
2.6
2.2
2.8
2.9
3-2
1.7
.
.
2.1
.
2.3
2-3
Annual figures come froa the Bureau of the Mint; monthly figures
on U. S. silver production come from releasee of the American
Bureau of Metal Statistics and will not agree with the annual
Less than 50,000 ounces or $50,000.
Tot information on sliver production In other countries frOB 1933
through I9I1O or 191*1, sea "Treasury Bulletin" for August 19l*3.
page 71*.
Acquired at 6U.61U cents per fine ounce until April 9. 1935: •»
71.11f cents per fine oxmce from that date until April 23, I935: at
1935 to December 31, 1937; at 6U.6l»»
cents per fine ounce from December 31, 1937 to July 1, 1939: and at
71.11'* cents sines July I, I939.
Acquired at 50.01 cents oer fine ounce.
Executive Proclamation of
August 9, I93U, repealed April 28, 1938.
Acquired at varlo-js prices averaging approximately 5I cents per
ounce.
77.57-» cents from April 23,
f Igures-
2/
Dollars
3-1
.
July
Auguet.
September
1/
Ounces
2.9
April.
Hay...
June.
•
Foreign silver U/
3-2
February.
March
Source:
^
2/
U/
Treasury Bulletin
Sk-
Seigniorage on Silver
(CmnulatlTe from January I, 193^ ' In millions of dollars)
Soorcee of seigniorage on silver bullion revalued 1/
Ind of calendar
year or month
Seigniorage
on coins
(allver and
minor)
Misc. ailTer
(loci
silver
bullion held
June lU. 193I*)
.
193»*
U.5
1935
1936
1937
1938
1939
18.
U6.1
63.7
69.5
91.7
1«.7
19*«)
122.2
182.1
U8.7
19>*1
19^2
19U3
19^
19U1(- October...
Ug.7
.U
148.7
16.8
36.0
58.0
7U.9
87.3
Us.
li8.7
MB.
2'»5.7
1*8.7
l4«.7
299.6
362.3
1(8.7
87.6
87.6
87.6
87.6
1(8.7
87.
1(8.7
87.6
87.6
87.6
November.
December.
3U2.g
351-3
362.3
19U5-January
7ebruary.
March
365.8
367.7
369.1
Us.
Us.
April
Hay
June
380.1
39U.O
uoo.o
Us.
July
August
September.
lt09.9
Ua.7
l*llt.7
October.
U19.6
.
Source;
1/
.
.
Newly-mined
Nevly-mlned
silver (Proc.
silver (Act
Dec. 21. 1933) July 6, 1939)
1(8.7
1(8.7
U.2
25-7
Us.
63.
65.3
65.U
65.U
65.
65.U
Silver Purchase Act
of June 19.
Kationalized
silver
(Proc. of
I93I*
Aug. 9. 193U)
51.1
226.2
302.7
366.7
U57.7
530.7
28.5
3U.5
3U.7
562.7
580. U
5SU.3
58U.3
58U.3
3U-7
3U-7
3U.7
3U.7
3lt.7
5SU.3
58U.3
5gU.3
Total
seigniorage
on silver
revalued
Potential
seigniorage on
sliver bullion
at cost in
Oenaral l*und 2/
128.7
326.2
U22.1
508.1
616.0
705-6
132.6
27U.9
397.5
5U1.6
758-«
950-6
759 -U
820.6
820.7
1.055-8
1.089.0
I.OU8.2
967.3
717-3
3U-7
3U-7
3U-7
820.7
820.7
820.7
7U1.I
728.3
717-3
3U.7
3U.7
3U.7
799-7
818.
87.6
87.6
87.6
65.U
65.U
5SU.3
58U.3
5SU.3
3U-7
3U-7
3U.7
820.7
820.7
820.7
697-3
692-5
670-9
87.6
87.6
87.6
65.U
65.U
65.5
5SU.3
58U.3
5SU.3
3U-7
3U-7
3U-7
820.7
820.7
6U6.2
589.2
575.0
87.6
87.6
87.6
65.5
65.5
65.5
619.0
627-2
6U7.9
3U-7
3U.7
3U-7
855.
Us.
863.7
SSU.U
510.7
U91.6
U63.2
Us.
87.6
65.5
66U.U
3U.7
900.9
UOU.g
U8.7
Us.
Us.
Us.
Sally Treaeury Statflnentt.
These Items represent the difference between the cost value and
the monetaiy value of silver bullion revalued and held to secure
65.
2/
820.
silver certificates.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorafe thereon changes.
«5
December 1945
Money In Circulation
(In mlllloDS of dollari)
Pi4>er Boncgr
lad of flaeal
or month
j—T
Total
B0n«7 In
elrcHlation
Total
paper moa«7
Oold
certlfloat«t
SllTor
eartlfleataa
2/
1936
1937
1938
1939
I9UO
,
19I1I
19U2
W"*?
19>w
W"*?
,
6,2Ul
6.Wt7
6,USl
7.OU7
l.tkS
5.755
5.92't
5.93'*
6,1)88
7.2U8
9.612
12.385
8.932
11.600
16.U92
17. "ia
,
19lA-Cictob»r...
Novembap
December.
.
19'*5-Januai7.
.
February.
March
2S.50U
ai.ifjg
26.7W
25.5>a
2U,l«5
25.019
25.307
23.300
23.875
2l»,151
2U.1I40
25.290
25.751
25.899
2"*.
593
2l*,729
Tra««uj7
notai
of 1890
dnltad
Stataa
notao
?ed«ral
Raaarra
notaa
U.002
U.169
2/
101
88
78
72
67
955
1.078
1,230
l.USU
1.582
278
281
262
63
59
57
5^
52
1.7l'(
1.75'(
300
1.6U9
1.588
1.651
322
322
323
53
53
53
1.592
i.eou
32l(
53
53
53
266
ZM8
317
U,lll(
U,1(8U
5.163
6,68U
9.310
13.7U7
18.750
22.
»7
Taderal
Bacerve
Bank
notai
^
National
bank
Botas
^
52
3«
366
269
26
22
186
165
20
19
58U
597
527
150
139
57U
I2U
12k
123
a7
126
120
325
20,631
21,200
l,6u
321
21, 1(82
1,561
1.583
1.5*9
316
320
21,533
21,96U
22,100
5*
123
122
122
22,3SU
22,651
22,867
537
533
527
121
121
120
320
569
560
55^*
550
26.189
26,528
26.7U6
25.009
25.331
25.561
52
52
52
1.593
1.652
1.651
321
322
323
July
iuguat
September.
27.108
27.685
27.826
25.885
52
52
52
1.731
1.75^
1.762
322
322
318
23.139
23.685
23,818
521
517
513
119
119
119
October p.
28.029
26.777
1.795
316
23.989
906
118
i^rll
Hay
Jona
.
26,1(1(9
26,582
Sod of fltcal
year or aonth
U86
523
527
558
599
1936.
1937.
1938.
1939.
19110.
680
783
92?
1.066
1,205
I9<n.
19>I2.
WUv
19IA.
19U5.
Subildiaiy
illTer
Standard
allver dollari
Minor coin
I US, 60
316
35
38
U6
u
31.1
l(U
31(2
ll>6
361
38U
155
169
•*'?
19U
213
8U
103
125
50U
610
TOO
78B
Money in
circulation
per capita
(In dollari)
U9.88
U9.62
53-72
59.«»7
72.16
91.88
127. 6I1
u^
29Z
163.07
191.86
738
751
758
276
280
282
176.39
180.52
182.19
19l»l(- October..
1.125
Bovenbar.
December.
1,156
111
113
116
March
1,150
1,158
1.170
117
118
120
751
757
765
282
283
285
181.95
185-15
186.11
Iprll.
May...
June.
1,180
1,196
1,205
122
123
125
772
78U
788
287
188.08
290
190.1*1
292
191.86
1.223
800
808
812
296
299
1.21*3
127
129
130
19l(.C2
July
Auguat ....
September.
301
197.99
198.82
October p
1.252
131
818
303
200.10
191*5- January.
February.
?/
i.m
1.2J6
Circulation Statementi of United Stataa Honey and Annual Beport of
the Secretary of the Ireaauiy for 19'tl*. pa«ei 771*- 777.
Preliminary
bcludet (1) money held by the Treaeury, (2) money held by or for
the account of the Federal Reeerre Banlci and their amenta, and (3)
coin aetii&ated to be held outaide the continental limita of the
^
2/
Includei p^er currency held outeide the contiUnited Statee.
nental limiti of the United Statei.
Oold certificatei and Traaiury notei of 1890 in circulation are
being canceled and retired \^on receipt by the Treaeury.
Federal Heeerre Bank notee and national bank notei are corerod by
dopodts of lawful money and are in proceec of retirement.
ih
THE
Treasury Bulletin
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
«7
December 1945
Capital Movements Between the United States and Foreign Countries
Section
I
-
Sunnary
Table 1.- Sumnary of Net Capital Movement 1935
-
1945
(In thou««ndt of dollarf; negative flgurefl indicate a net outflow of capital from the United States)
InalyelB of net capital DOTement in:
Calendar Tear
or Bcnth
Vet capital
moTement
Short-terffl
banking funds
1935
1936
1937
1938
1939
(Jan.
(Jan.
(Dec.
(Dec.
(Dec.
I9I1O
(Jan.
2. 1935-JBn.
2. 1936-Dec.
31, 1936-Doc.
30,
29,
1937-Dec.
1938-Jan.
1,
30.
29,
28,
3,
1936)
1936)
1937)
1918),
I9U0),
19110-Bte. 31, 19I1O).
961*,629
397.31*2
255.591*
I,ltl2.1|86
1.195.922
801,915
331.268
1,132. 3*3
1115.256
1.195.635
igxi
-1*96.923
19118
6011.321
852,928
-286,622
561,573
ISUJ
1.283.593
l.l6i*,758
191*
357..155
1^5
It,
706,380
Brokerage
balances
6.039
6.811
687
31*.
Transactlone
in donestlc
securities
316,660
600,693
2l*l*,626
31*
57,196
32.990
-85.1*27
-21*5.062
-261.955
Transactions
in foreign
securities
125.158
191.076
267. 008
26.758
115.689
78.156
51.703
-7.36U
77.696
391*
3.513
13.372
8.529
27.767
210.755
596,183
603,617
5.1*66
-63.395
50.U95
2, 1935-JU119 30. 191+5)
8.071.922
6.0a, 861*
131.750
81*8.1*37
1,069,871
(Jan.
1-Jan. 28)...
(Jan. 29-Peb. 25)...
(Tab. 26-i^r.
l)...
-66.927
-9U.698
-7lt,305
-'*.782
1.939
-1.292
13.31*5 1/
-88,565
19.020 1/
1.175
-59
2.297
U.26U
rebruary
March
-1.329
-6.61*3
iprll
Ma7
(ipr.
2-ipr. 29)...
(ipr. 30-June 3)...
1.687
-6.370
61*0
2.1*58
(Jus*
232,238
100,712
81,602 2/
-370
J^e
227.185
103,821
81.881 2/
1.692
2,961
-l».37U2/
1.303
-9.506
-7U6
1.922
(Jan.
Total (Jan.
1.
19lt2-Jaiiaar7
19U5-Jm»
30.
1$^).
k-JvBt 3'')-'-
1*1*,
Jnl7
Aoguat
September
57.31*5
i*«,l*13
-2,593
251
55.018
1*6,121
3,57"*
October
HoTeaber
December
39.788
66.905
73.37b
23.382
57.538
57.339
-3.331
-90
327
19U3'Jannar7
Tebroarj
March
72.750
107.175
132.152
151,809
119,683
61,505
2,658
-600
65,206
70,330
223.795
58,289
922
-1.027
3.662
ipril
)tay
Juna
58,078
1*7.282
71*.
311
221*. 81*5
2.131*
July
August
September
1*9.992
170.3'i8
October
SoTembsr
December
133.267
168.979
135.679
-71*7
163,1*36
1.301*
1*1*,
991*
55.551
2.383
151*.
350
155.209
167.637
-713
1.831
igWt-January
rebruary
March
iprll
M«r
Jon*
July
lagatt
Saptsaber
October
loTember
December
19U5-JaBUl7
Tobruary
March
iprU
tlv
Jaw
U5.OU 2/
11*5,622
1*1*,
31*1
5/
58.720
59.027
1.903 2/
76.7365/
1.038
1.151
1,1105
-5,1*38
-1*7.329
-36,a5
-116,872
i7.it«o
10.53"*
-9.953
-57.289
29.275
70,296
-51*.
773 6a/
157.I105
122.225
-16,298
I*/
26.852
76.2U8
-229,521 6a/
153.895 I*/
17U.973
11.310
58,27U
l*l*,i*l*6
60,36)*
1*7.306
au,a3
171.687
fsotnotaa appear on pages 9I and 92.
i*ao
1*6.599
9.1*27
3.1)01
8.1lt£
6.725
12.338
5.205
-2.503
9.881
6,937
-389
-1*.537
U.392
-5.281
93.1*96
11
11.591
2.732
3.372
-S6.922
-9,1*05
58,632
-91*2
-2.565
-175
-13. 91*0
21.01*1*
IIU.900
a.i*99
-687
2.715
-9,008
-3.932
68U
-6,005
3,686
-12,985
-20.091*
-1.289
1.616
-7U7
-6,082
22.268
1.698
565
Ull
119
650
2.313
28
-978
1,521*
5.859
-7.532
I.2U5
-2.123
26.572
76.013
2:Si
!l*54
ii:l§
it,9ll
-2. 061
-1*27
-2.1U1
1.295
-3.339
179 U18
-U72
-5.965
3.8U0
-2.808
-6U.O55
-21*. 388
-3.7U1
5a
-78
3.209
-1.831
-18,079
-17.1I89
63.I*2U
31.985
27.338
-19.067
Treasury Bulletin
s&
Capital Movements Between the United States and Foreign Countries
Section
I
-
(Continued)
Sumnary - (Continued)
Table 2.- Net Capital Movement, by Countries, January 1942
(In thoUBande of dollars;
-
-
June 1045
negatln fleurea Indicate a net outflow of capital froo the United States)
89
December 1945
Capital Movements Between the United States and Foreign Countries
Section
i
I
-
(Continued!
-
Sunmary - (Continued)
Table 2.- Net Capital Movements, by Countries. January 1942
-
June 1945
-
(Continued)
(In thTOMad. of dpllari; nagstlTe figure, ludicat. & oet outflo» of capital fron tha Dhlted Ststae)
Total
calendar
year
19U3
19H3
January
Pete^tary
•H»19.932
-97.503
10,990
8,952
1.733
+22.178
+813
+l,6lU
190
-1,865
-1,992
-926
-72
+83
+8,288
-339
-30
iirll
May
July
June
Angaat
Septeober
October
Burope
United Kln«doa
Trance
Eel^uD
Dennark
rinland
Gemaay
IcLxeabourg
Netherlands
Horv«7
Portugal
ftmanla
Spain
Sveden
-3.003
+526
-785
365
59
54,018
2,288
1.966
4,388
93.548
+71,480
't.850
-2.510
4,493
1,283
-1,718
481
-603
-851
-182
-537
-103
-894
T2
-168
-202
+293
807
-1.277
-158
-160
-927
+132
+292
58
29
-139
-73
65
870
108
513
99
188
112
+278
-811
-104
-704
-9
I744
-45
-625
+268
96
13,690
-916
1,031
+680
29.I102
8,3a
-10
410
+1,078
+2,187
18,886
-1.993
1,289
5.793
5.846
1.739
-7.996
1,353
-116
60
-3.048
-6
-1.867
-1
-830
-3«7
-25
+2,846
+19
lit, 379
458
2.497
2,651
1,906
6.390
3.695
609
-49
-97
-99
995
8.859
+8,019
-8,161
-8.973
+3.659
+10,682
-197
+39
+3.658
6,852
3.804
+112.618
It. 525
Oreeee
Italy
159
+29.1103
+20,993
6
+77.201 +37,902
11,070
+79,211
-5,632
479
+1.189
+1.097
+39,464
+1.593
+277
-449
-757
-150
+322
-531
-55
-36
-163
949
367
492
715
+3.115
681
+a2
-79
12
30
+249
-93
56
-233
-115
-330
-80
+2,222
+1,734
-2,020
+3.029
-528
1.056
1,731
+2.809
4,449
+2,ai
1.693
-2.371
+3.307
+1.97S
+2,891
+3.731
-5
16
69
4,419
-3.774
2:
+3.086
-8,676^
+5,110
+267
-217
+1.010
+3.251
4,456
6,412
9.119
1,916
8,8'tO
-4,603
339
+2.784
-1.943
-81
7.400
681
1,463
-8,480
+323
+131
+8,4«6
+11.079
+1.160
-45
-428
-3.087
+34.105
58,001
+36.906
91,404
-83,080
-1.185
-484
-4.035
+5.275
-287
-12,191
-9,488
-1,412
+831
2,706
2,445
4.845
52
3.107
11,498
1.045
-19
R
^igoelaTla
Other Europe
+37.081
-1,U09
-7,765
+25.720
-681
+8,009
Total lurope
58^.737
-86.975
35,259
58.584
58.297
+19,281
+79.947
97.653 +35.6743/ +94,419
+335.199
+164,921
45,158
16.669
4,108
-15.692
42,813
-61, 487
76.698 16.793
-1.509
+3,801
+30,152
-3.145
-1,296
+1.613
2,932
239
+2.398
-451
1,498
2,694
663
-85
-448
+11,891
6.293
-2.503
-1,126
-7.796
-374
1,050
16.355
7.678
9.037
-165
-1.708
Chile
Coloahla
Costa Rica
+19,511*
+3'*.5?9
-5,306
-2,468
3.095
55
-I.8O5
+4,670
-615
+1.335
+3.148
-8
'•.037
-50
7,436
866
+236
+185
-5.338
-4.653
-6,161
+734
B.572
6.19?
1.764
3.590
6,510
584
+2,922
+3.060
+1,102
5.743
2,013
-866
+8,853
+3,639
+1,098
Ouha
French West Indies and
Oulana
Mexico
-33.171
-4,152
-1,458
-6,353
3.703
+3.535
-20,444
+14,111
-2.979
-2,183
-11.705
-3.370
-1,876
-2,067
-28,231
+33
-2,036
4,512
+17. 708
-311
+10. U3
+191
-4,257
-587
-380
-88
-21.162
9.519
-40. 609
-17
•13.706
+24
+725
-46
+3.250
6,056
+20,1103
1,143
-659
-1,046
405
488
-2
-1.132
567
+2,409
+1,165
+831
-388
-455
5. 803
994
-879
-1.933
+213
5,846
5,001
+18,958
+8.826
51(0
+2.352
-1.218
491
966
+1,338
+28.5U7
1.779
-4.837
3.196
1.316
-4,324
-54
+706
+931
+a3
3.398
-141
1.077
-151
1.874
+2.086
+23,400
Switzerland
D.
S.
S.
Canada
Latin America
Argentina
Bolivia
Braill
Netherlands Vest Indies
and Sorlnaffl
Panaaa
Peru
1.399
4,698
91
438
563
2, "105
-4,911
-137
643
4,484
-1,206
+310
-458
251
4,683
+192
3
3.123
+37.877
5.052
+11,853
+10.389
-1,284
+8,789
-1.527
-238
+1,582
Othsr Latin America
5,314
+2.744
-6.365
Total Latin America
+U5.131
-6.789
+19.159
23,o64
+2.332
61.254
+26,902
23.194
-36.990 -18.215
-4.866
+222,629
-105
-17.831
-6,607
-361
-823
+28,583
-52
9,574
7.096
+22,762 +15,526
+108
-49
+133
+763
+24, a5
+69.170
-32
+21,930
+10
-10.656
+13.453
+153
750
-1
-7,557
120
-261
-450
32
-a7
4.773
3.130
-2,874
+35
-3.619
-43
4.133
+7
+231
-7.202
-23
-115
+80
-728
-18
-1.910
-87
+8,655
+60
4,1(66
+73
60
+1.633
-162
+5.204
-13
-77U
+40
-97
-529
-44
4
-13
+30
-16
+36
-30
-28
-IV
-i'*,q2i
-5.034
1.979
5.158
332
1,115
1,346
*^:'i^
8,109
Other Asia
+25,867
3.429
6.722
-255
-3.243
-497
-4.544
+291
10,39?
6.576
+508
-14.477
-1.645
-763
4,229
-2,028
-293
-7.257
+1,627
4.653
6,8604h/ +8,982
Total Asia
225,'t09
-1.518
7,100
20,9*5
Australia
New Zealand
Igypt and Anglo-Igyptlm
Sudan
4,151
+2.317
-195
1.239
+754
«31
-730
+178
Trench Morocco
Onion of South Africa...
All other
4.366
-7.565
Total other countries.
Tenemsla
Asia
China
Trench Indo-China
Hong Eong
India, Burma, and Ceylon
British Malaya
Japan (Including Korea
and Manchurl a)
Nether lends Xaet Indies.
Philippine Islesde
Turlcey
-14.781
+103
487
-5.844
-239
+2,506
-270
6
+20
-314
+1,467
+815
-2.730
-91
-527
1.986
15.096
+3.051
900
3.947
2.937
4.483
+2.097
-4.761
-1.369
6.764
-212
940
-967
-748
4,601
2.719
-15.422
-927
+10,042
-264
137
-21
-45
-684
497
-S2
-274
-473
245
-1«
-23
2,616
174
9.426
3,018
-1,3294^+2,889
2.007
«4l7
-834
+U,091
+2.2«6
-16.776
+2.891
+1.0«7
28,«31
10.574
-5.571
+832
+23.061
-4.226
-2.357
+388
+1.275
-877
-3.292
-3.732
-1.101
+23.807
2.947
581
+19.156
935
3.338
26.523
-690
164
-76
94
61
+225
-151
1.283.593
72.750
+107.175
132.152
65.206
+70.330
+223.795
+i,h69
5.317
+1,580
-289
+720
+245
+1,048
+85,208 14,440
23, 6834*/ 40^834
4,605
-823
+75.4U
Other count rl a.
ttiidenttfled
Grand total
.
-3.442
(Contlimad on following pstge)
950
-3.505
-1.099
-5.876
4.869
8.3«9
-3.633
18
-610
M
-1.7a
«.928
t
-2.0464/ -12.528
-17.4724/
-1.151
-22.195
+179
-543
+168,979
44,994
-34s/
+49.592 +170.342 ''5. on 3/+133.267
+371
-12,Q6
Treasury Bulletin
90
Capital Movements Between the United States and Foreign Countries - (Continued)
Section
Table 2.- Net Capital
>k)veiiientB,
(In thouunli ot dollars;
Total
calendar
year
igwt
Inropa
United ElngdoB
Trance
Belglns
-167.701
-51.178
-5.972
Sanmark
rinlant
Oaxvany
1,082
7.182
Oreece
Italy
Luxembourg
•.731
1I4.911
Uetherlanda
Norway
Portugal
18.585
29,608
1.909
Bumanla
Spain
Sweden
11.U35
581
U9
21(9
-8,976
Switzerland
s. s. E
TugoelaTla
35.190
3.822
n.
-it,l99
Ot bar Europe
-2.339
Total Europe
-111.031
^wnrta
216.056
Latin America
Argentina
BollTla
Bralll
5^.256
6,238
1*1, U«6
Chile
Colomhla
Coata Blea
icoou
Cuba
French Veet Indlei and
&ulana
Mexico
1*2,298
16,567
-5.519
1.771
22.5'tO
Nethftrlandi Weat Indlei
and Surinam
Panama
Peru
l6,l61t
10,1*27
Tanesuala
Other Latin America
25,7't9
Total Latin America-
-5. '•20
6,206
.
Aala
China
French Indo-Ghlna
Hong Eong
2l*a,767
23.975
-2
-1.1*25
India. B\u-ma. and Ceylon
British Malaya
Japan (Including Korea
and Manchuria)
-16,01*3
Hatharlands Zaet Indies
Philippine Islands
Turkey
Other Asia
6.561*
2,661*
-10,267
Total Asia
Other countries
Australia
Haw Zealand
Igypt and Anglo-Xgyptian
Sudan
French Morocco
Union of South Africa-.
All other
Total other countries.
Unidentified
Grand total
768
-298
1,895
7.831
28,669
-1.729
1.31*2
-5.970
-3.810
-16,809
1,693
I
-
Summary
-
(Continued)
by Countries, January 1942
June 1945 -(Continued)
nagatin flgnraa Indicate a sat ontflov of coital from tha Unltad Statai)
19UU
January
Fabraary
March
iprll
Ma7
July
Aaguat
Septanbar
NoTea^ar Secaa^er
December 1945
91
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continueai
(Continued)
Table 2.- Net Capital Movements, by Countries, January 1942
-
June 1945
-
(Continued)
(In thousands of dollars; negatlTS figures Indicate a net outflow of capital from the Tblted States)
igMs
January
Jurope
United Kingdom
rrance
Belgium
-SI.U30
-19.035 2s/
-2.372
Denmark
Finland
Germany
Greece
Italy
Netherlands
Norway
Portugal
3.
+3,278
-2U.513
+7,759
-672
-3l(6
-96
+3,10G
+22
+1.829
+2.281
+26
1.861
+1,096
+3,1*1(0
+2,01(5
-llU
+163
+3.019
+1,631
-60s
-569
+7.798
-5.788
+591
+5,376
+3,923
-5,921*
+6,169
+6.933
-2,762
+l*,19l»
-312
+2.623
+3.900
-U5
-3U
-13.92!*
+l(,U30
+5,1(87
-1*,857
+3.078
+69
+3.200
+5,290
+6.61*8
-l*.329
-2.290
+2,561*
+3,31(0
-^•133
-1,012
-132. gl7 Is/
+19?
-1(6
-2.315
-1.095
+6,381
+U.703
-1U5
+62
+5U,9lts
-50.987
-27,081
+573
+131.071
*5i4,03lt
59,51(0
+9.775
+72.031*
-18.1)57
-2,980
+1.355
+3.713
-1.1*71
-751
+3,686
+1.601
+3.1*5"*
+U,l*53
-1,700
+6,217
-1,000
+91
+13,375
-1,911
-820
+27,030
+1,206
+19.503
+10,591
-158
+5.507
-1,11*2
-3,55l»
+559
+571
+2! 766
*5^.'*35
+50.532
-3,U66
+2,259
*20,106
-i»55
-1.928
-2,583
-27.U1»7
-277
Cuba
French Vest Indies and Guiana
Mexico
-1,737
+196
+15,ltl2
Netherlands West Indies and Surinam.
Panama
Peru
-951
+2.153
+1,013
2/
+2,928
+2,u62
+270
+78
Latin America
Argentina
Bolivia
Brazil
l.Ste
+527
+623
-170
+33
+255
-20
-3.302
^anoAf
-228
-17U
+lt71
+6,7lig
-lt3
Chile
Colombia
Costa Elca
+36,91*8
+68,63U
-3,157
S3
-1(,651
-3.'*15
Total lurope
-22,879
-28,925
+5,012
-a9
-51
R
-51.793
+9.326
+1.77>*
:2?
-U,U56
-3.623
S.
-lt.718
-8,362
+105
-12,276
Yugoslavia
Other Europe
+115,050
June
+610
-1)23
Switzerland
U.
Itasr
-128
-to3
+51
-2,961
Bumanla
Spain
Sweden
i^rll
-U51
-101
-151
+3.571
-ao
Luzeml^oujg
March
Tabraary
+1*.212
-1.335
-182
+8
-U,2U1)
-2.n9
+573
+577
-2.965
+503
+15.783
-6.118
+337
+13.982
+23.593
+36U
+2,191
-I.U50
+7l»3
+3.200
-373
-1.578
+711
.
+lt,110
-2l(5
+10,893
+31*
Venezuela
Other lAtin America
+18.1(16
-l(,7li6
+3,81*7
+l<,299
+5.391
+3.505
-6.776
+1,988
+i(.lt89
+3,191
-7,987
-388
Total lAtin America
+56,1*26 Jb/
+12,221
-28,215
+28,857
61.305
+29,1198
-15,6olt
-2,805
-1
-90U
-6.899
+16
-2G2
-i*,768
-6,1(07
+26S
-22
+219
+28U
-2
+159
+1,696
-l*,l*l6
+2.911
-2,251
*?? ?*
-999
+3.375
+1,187
-U75
Asia
China
rrench Indo-Chlna
Hong Kong
+IU5.578
*^
:
India* Bunia. and Cqylon
British Malaya
JapBji (including Korea end Manchuria)
Netherlands East Indies
Philippine Islands
Turkey
Other Asia
Total Asia
Other countries
Australia
New Zealand
ligypt and Anglo- Sgypt ian 9ud£ai
+359
+16U
+e,68U
+30
+58
+651*
-I109
+656
-376
+13,197
+2,l48lt
-167
16
-17
-53
-13
+2,233
+1,1*68
383
113
+69
-6.1*70
+U,5p
10,050
+2.790
+9.135
+1,851
+178,236
+91*8
5,168
-18,875
+2,101
+7l«
+l,00lt
+326
-219
-820
+59
-101
+2U3
132
160
-i(iA
-55U
-631
1(87
+1*92
+14,1(23
-7I49
-1,011
801
-2,8110
-11,571
-2,362
-9,080
-18.355
-9
-U97
-2,773
+71*3
-228
-1,232
-291
+1.562
-1*1
French Morocco
Union of South Africa
All other
-196
+1,988
ll»,888 2s/
+1.970
U.l(59
-1.027
1,378
Total other countries
+910 2a/
+2,351*
+3,208
-991
-2,086
+387
+a5_
+1.22g
l(9U
-123
-iia
60.39*
211*,213
Unidentified
+157,1105
Orond total
1/
71-/
1
-16.298
+122.225
Adjusted for the Incluaion of i foreign account of $13.9 million
reported for the first tine on March 11, 191*2.
2/
2ii_
+58.271*
Adjusted to cover two large transactions in foreign securities, as
(f .) the inclusion on July 1 of tll*,787 tbouaaad rspressnting
follows:
(Continued on following page)
Treasury Bulletin
92
Capital Movements Between the United States and Foreign Countries - (Continued)
Section
I
-
Summary
-
(Continued)
Table 2*- Continuation of footnotes
y
sales of Canadian lonc^-term eecuiltlee, and (b) the Inclusion of
$2,55U thousand representing redanptlone an July 1 of Argentine
Becurities, as well as (c) net dlfitrarseaaUs from the l^ted Kln^
dom account to domestic payees of $3.^8 thousand.
Ad^Bted for the Inclusion of eiccounts of (a) $2 mlllioa for Prance
and (b) $7.S million for Sweden prerlously reported as forel^ and
reclassified as domestic for the first time in the September report.
(a) $6,0^2 thousand
Adjusted to cover the following transactions:
of banMng funds previously reported under 'French Morocco" now reported xmder 'All other"; (b) $5.^71 thousand of banldng funds previously reported under "Other Aaia" now reported under "All other";
(c) $15(3^6 thouaaad of banking funds preiloiLBly reported under
5/
6/
"All other* now reported under "ttaldentlfled".
to Include t^lO thousand of ehort-tera banking funds which
were omitted due to the elimination of teTeral branch bank reports.
Adjusted for (a) the Inclusion under "Italy" of an aecoont of $2,023
thousand which was prerlously classified as doBestic, and (b) the
transfer of tS.SSy thousand from the "All other' classification to
Ad^sted
"Trance".
jj
Adjusted to cover the following changes:
(a) l35i**57 thousand
transferred from the "All other" classification to "l^ance";
(b) $6,916 thousand previously classified as domestic was reclassified for account of Panama.
December 1945
93
Capital Movements Between the United States and Foreign Countries - (Continued)
Section
I
-
Sunmary - (Continued)
Table 3.- Net Movement of Short-Term Banking Funds, by Countries, January 1942
(In thou««nd» of dollars;
Total
calendar
year
i9«
Earope
United Kingdom.
France
Belglun
Oemanx
Italy
Ketherlanda.
Total toTopa.
.
..
Canada
.
.
A«la
Japan (Including Korea
and Manchuria)
Other Asia
Total Aela
ill other
Orand total
January
(Jan.lJan.28)
-27.915
-1.565
-90
233
+279
+91U9U
-3.99"*
tha United States)
Tehruapy
(Jan. 29rel).25)
March
(feb.26ipr.l)
-30.865 +39.607
-1*.392 -2,681
+625
+177
-1.119
+127
+3O8
+21
-'*.317
-3.871*
April
C*pr.2ipr.29)
-22.7l|0
-516
-21*7
May
June
(Apr. 30Jiine3)
(Junel*-
July
Ata^uet
Septiaher
+27.568
-5.833
-6.339
+26,871
-1,390
+7,395
+18,752
-538
-312
-3.296
+32,301*
-3. 951*
+l*.792
-625
-1,011
-17
+5U5
+933
8.11*7
+573
-3.87U
-7.60s
+129
+157
-993
+1U5
i*3l»
112
852
+219
-10,3gU
+1.337
+1,S30
-1.935
+5.100
+1.1*03
-8.829
+397
-6.007
'*.30i*
+2,1*06
8.362
tss
6.795
+1.399
-2.279
-15,026
+50. 681* +30.30220/ +20.91*8
25.515
+37.1*58
+10.291*
-2, 161
+16.108
June30)
61.817 +26, 132 2c/ +21*, 592
-2.500 1,071
+1,767
-252
-521*
9
-26
-118
559
9.6U7
9.250
a3
+2l*7
+1*16
-98**
+33
-61 1S2
-158.71?
-1,095
-38,0U0
-19,831* -18.?50
-^1.335 -5l*.«77
-2.785
+2,ltgU
+10,1*81
-18,957
-1.938
-2,806
-55.172
-61,398
-115.1*1*2 -U6,l»32
-21.<A8
+122,270
-5.091
-70 57.962
+8.667
-21*. 903
19.79g2»/ +16.668
+3.698
+11*. 1*32
+7.812
+25,215
-I.9I8
+236,608
-5.156
+22. 838 +15.275
20,901
+63.100
29,0152b/ +27.725
12.581
-5.218
-13.082
1*6,1189
+22.11*0
181
-251
,
.
June 1945
19U2
5U1
.
Sveden
Svltterland
Other larope.
Latin Atterlca.
+172,827
-21,156
+3,230
ncgatln n«ur», Indtcato a sat outflow of capital froa
-
-l.'*57
-23.
-733
+^,619
-36
+189
+1,150
+16
-10,61*7
«6,i*ao
+2
-2.7311/ 213, lUS
+1
+209,831*
+5.3^
3.306
+217
-5.073
+2.186
-79
+2.917
-89
+9i6o6
-13.151
+209.798
-10,1*58
+7,630
-U.0711/ +213. lUJ*
5.386
+3.322
-U.856
+2.153
+2, 838
9.517
-12,970
-1.837
*'t8.o69
+7,798
-3.521
-3.711*
<6, 1*1*5
-835
-2.U07
i*,U66
-3.389
+8,81*1
965
22.«ll6
+561,573
-711.305
58,078
»*«,Ul3
la
+23.382
57,538
57.339
-1.31*0
+10, 571*
-88,565 +19.0201/ +232.238 +100.712 +81,602
(Contlnaad oa followlBC
pa^)
2,
+1*6,
Treasury Bulletin
94
Capital Movements Between the United States and Foreign Countries
Section
I
-
Sunmary
-
Total
calendar
year
19*3
Borope
United Ilngdoa
Trance
JaBOary
1»3«,90>1
-97.596
9.705
1.193
2,702
2.295
Senaark
-3.8>tO
-H31
naland
-2,2U«
-«75
163
Oreeoe
Italy
Lxixa^ourg
1»,61|£
-67«
102
US3
107
52
lether lands
lorway
Portugal
6.929
26.568
1«.679
-1.923
8,l't9
-1.9«1
Bnaanla
Spain
Sweden
-122
56
IU.351
17. 70»
-<16
-637
Svltserland
S. S. R
TngoslaTla
Other SLirope
2't.93'»
-2.722
-1.936
-7.766
1.967
22,3*5
666
Total Borope
56g,6IH>
-»9.369
301.696
250.698
V.
Canada
Latin Aaerlca
Argent Ina
BollTla
BraaU
ChUe
Coloabla
Costa Sloa
Cuba
Trench Veet Indies and
Qolana
Mexico
Betherlands Vest Indies
and Surlnaa• •
Panaaa
Pern
89
-<.313
-3.057
3.090
28.8U7
1.029
18,23U
32.137
8.327
-19«
1,089
-•1.627
-5.«'»3
-2.053
-31.709
-20.888
-631
3.>»35
560
20,363
21.678
1,078
1.282
2.018
Other Latin Aaerlca
3.3"«
36.580
-19
11.885
Total Latin laerlca
g3.'»51
-9.03*
Venenela
Asia
China
Trench Indo-Chlna
Hong tong
-1.225
222,716
-27
-17.723
-262
India, Bursa, and Ceylon
British Malaya
Japan (Including Korea
and Manchuria)
5.32U
3.129
77
-90
Betherlands last Indlee.
Philippine Islands
Turkey
Other Asia
-50,322
Total Asia
Other countries
Australia
lew Zealand
Icrpt and Anglo-X^ptlan
Sudan
Trench Morocco
Union of South Africa.
All other
Total other countries.
Unidentified
Orand total
-729
*k,0>t9
-3.123
-313
-7.25«
1,625
2»,956
3.508
189. 9>6
-2,852
2, 61*9
1.9''8
76li
-793
U,2^9
.
•
flews
-
June 1945
-
(Continued)
lodlcato a net outflow of capital froa tha United States)
191*3
Belffltia
Oeraany
nagatWe
(Continued)
(Continued)
Table 3.- Net Movement of Short-Term Banking Funds, by Countries, January 1942
(In thona&ndi of dollars;
-
U8
-7.209
2,6ll|
-2.35*
21,383
150
Tebmary
March
^rll
Hay
July
ia^st
Septsaber
October
Voreaber
Decsnber
December 1945
95
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continued)
Table 3.- Net Movement of Short-Terra Banking Funds, by Countries, January 1942
(la thoBMid, of
doU«n;
na(s<lT*
tifvn
lodteat* >
ut
(Continued)
oatflm
of eapltal
tnm
the Qnltad
-
June 1945 - (Continued)
Suua)
Treasury Bulletin
9fc
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continued)
(Continued)
Table 3.- Net Movement of Short-Term Banking Funds, by Countries, January 1942
-
June 1945 - (Continued)
(In thousands of dollara; negative flecgae Indicate a net wxttlov of capital from the United Statea)
I9U5
Jamiary
Europe
United Kingdom
Arance
Belgium
-77.816
-17.795 12/
Denmark
Ilnlead
Germany
Mruary
+1*8,91*8
-9.2l*3
-a.'*73
+1,605
-ita
-101
-29
-237
-1*25
+)(6
-96
Greece
Italy
Luxembourg
+93
+3.681
-2k
Betherlands
Horway
Portugal
-3,101
2.691
-581*
+1.738
-631
-12,388
+2,781
+35
Spain
Sweden
-1*,29S
-3.529
-312
+2,630
+3,666
Switzerland
-2.176
«.375
-51
fiumania
V.
3.
S.
E
+21*3
TugoelSTla
Other Europe
n«T.p^*^
Latin America
Argentina
BoU-rta
Breiil
Chile
Colombia
Coeta Bica
Cuha
I^ench West Indies and Ouiana
Mexico
Hetherlande West Indies and Surinon
.
Faaeoaa
Peru
Tenesuela
Other Latin America
Total Latin America
Asia
,
IVench Indo-Cbina
Hong Eong
India, Burma, and Ceylon
British Kaleya
Japen. (including Korea and Manchuria)
Netherlands East Indies
niilipplne Islands
Turkey
Other Asia
Total Asia
Other 'countries
Australia
Hew Zealand
I^pt and Anglo-Eg^tlan Sudan
Trench Morocco
Union of South Africa
All other
Total other countries
Unidentified
Grand total
-a
-1.079
-2.336
-125.3'to 12/
Total Surope
iSliins
-1*3
March
.^11
>^
Jnna
December 1945
97
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continued!
(Continued)
Table 4.- Net Movement in Brokeraf^e Balances, by Countries, January 1942
-
June 1945
Treasury Bulletin
98
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continued)
(Continued)
Table 4.- Net Movement In Brokerage Balances, by Countries, January 1942
-
June 1945
-
(Continued)
December 1945
99
Capital Stoveinente Between the United States and Foreign Countries
Section
I
-
Summary
(Continued)
-
Table 4.- Net Movement in Brokerage Balances, by Countries, January 1942
(
In thouaands of dollars;
lorope
United Klngdos
Trance
Belglnm
-310
1.539
+108
Denmark
Finland
Germany
*39
+1
15it
JannaiT
-83
-119
Tabmary
+121
Narob
-3
296
9
+26
-69
-31
32
-9
-7
12
+1
-9
-25
Netharlanda
633
-i
2,te3
-107
-29
+17
285
-n6
Horvajr
Portngal
-6
Rnaanla
Spain
Swadan
Sirltierlaad
H
June 1945
a
^rll
AugoMt
Saptamber
-180
+15'*
+3116
150
-769
2«3
31«
-31
+128
+166
+159
+27
+191
+12
87
51
-282
+107
-79
+1*62
-328
9
7
-6
-3
+1*1
-1
-1
+2
-U
1
-8
+6
+11
+6
-55
+502
III
+208
-228
3
-15
-1
+1*
it
U25
+103
+291*
31
13
30
-25
+1
«
+1*
t
+3I8
+205
+6
1
3
-308
+1*7
31
+110
-5
8
35
+1*
-10
88
90
-li
-5
+11
-19
78
+88
66
-162
-1*7
3.75«
761
-1.2U5
909
-523
716
-506
+1
-10
33
+1,098
+6
+318
+653
-90
-6
-It
-It
+3
-79
-1
-1
1
-26
-30
-12
35
-127
+18
139
Total lurope
8.582
290
-6511
-576
+696
-201
2.31*7
358
+1,1*20
1.938
-U9U
273
+300
-912
-320
-272
2.196
-67
+299
S.
S.
Canada
Latin America
Argentina
BollTla
Braall
l.lUl
+39
Chile
Colombia
Coeta Hlca
Cuba
French Weet Indies and
Oaiana
Mexico
-13
1*5
+20
-29
-71
-11
-105
+17
-10
129
-5
-3U
-387
131
-253
-127
-78
+332
-6
-11
-280
-36
+816
-11
+1
-19
-18
-6
-7
1*6
+61*
-1.121
-185
+1,213
-51
-208
51
-n
+7
9
-16
1.105
332
-73
-11*0
+151
-8
Jt59
-Ul
9
370
-SO
U5
177
-219
+131*
29
-?
+1.309
-551.
+2>ie
-6U9
56
+52
-181
-5
3
19
-163
+790
-1.3^
-11*1
-19
-199
zm.
-1*11*
+1.302
-237
-182
3
+2
-5
+2.265
-15
-3
U
35
-1
13
-1*9
-68
M
+11*5
-9
80
-19
+1*62
-177
-167
-299
+29
+132
+339
-1S9
-58
;208.
-7lt«
195
788
+726
+116
-153
-520
-89
+U6
-33
-32
35
-lt6U
+UU7
-10
i
6
55
-15
-1
+10
-lit
+22
+105
-i»
-1
3
-29
+8
+6
-li
-20
3
+18
+5iia
13
1
+6
-1
-32
+18
3
-30
+1U
+17
3
2
7116
-3
-9
1.3
15
»i67
-25
79
36
35-
-2511
29
10
-33
•
-51*
+1
+18
-71
27
+156
::638
131
+66
+1
+1
23
-637
-1402
7
1
5
+2
-6
-271
-67
+16
-1
-1
-7
8
«
+1
3
1
xu
+268
-3W
+70
:JU1.
+119
+286
8.529
-713
+1.831
681*
-1.289
+I,6l6
_j*a
-J*3-
-3
1
311
-2
Onldentlfled
Grand total
99
51
-3
Total Latin America
Total other cotutrieo--.
-228
-31*1
-32
-175
French Morocco
Onion of South Africa.
Ul other
381
+1,1*28
316
-179
-1.517
Other eonntries
Anstralla
Sev Zealand
Xeypt and Anelo-I^ptlaa
-53
217
+1U1
-2
-1*7
-55
-27
-2
Other Latin America
Total Aala
+225
-2
-1*1*6
-138
+22
318
255
Hetherlands last IndiesPhilippine Islands
Tnrksy
Other AsU
+288
+12
-i*lU
13
+1.206
-17
11*
132
136
-1*98
India, Burma, and Ceylon
British Malaya
Japan (inclodine Korea
and Manchnria)
tifi.
2l4£
+302
Asia
China
French Indo-China
Hone lone
IS
,j121
1,252
Panama
Peru
Tenemela
It'
+226.
+1
1*1
Setherlands Vest Indies
and SnrlnsB
(Continued)
-151*
-7
i
1
9
Jvlj
Ha7
T^i^ilaTla
Other larope
D.
-
igitu
+1
Greece
Italy
Luxambonrs
-
nacatlT* fignrei lodloata a nat ontflov of oapltal froB tha Qaltad States)
Total
calandar
year
19Wt
(Continued)
-
jm=
-1.7
Treasury Bulletin
100
Capital NJovements Between the United States and Foreign Countries
Section
I
-
Summary
-
-
(Continued)
(Continued)
Table 4.- Net Movement in Brokerage Balances, by Countries, January 1942
-
June 1945
(Continued)
(In thousands of dollars; negative figures Indicate a net outflow of efq)ltal from the Ihlted States)
1945
January
Itobroary
March
Biirope
If^ance
BelgluiD
-12
-1,16s
+170
Denmark
Finland
Oermany
+8
-3
-128
-1
+20
1
+2
no
Thlted Elngdom
Qreece
Italy
Lcutemberarg
NetherlandB
Norway
Portugal
Bumanla
Spain
Sweden
Switzerland
S. E
^goelavla
U. 3.
Canada
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
CoBta Rica
Cuba
!Vench West Indies and Ooiana
Mexico
NetherlandB Vest Indies and Surinam..
Panama
Peru
-k
+29
-78
+97
+1
-152
+23
+1
+13
+7
+11
-112
-9
+1,01U
tja
-i.ia
+2.'*5U
^57
+620
-3
+115
+1(0
+T7
+29
+31
-37
+1.163
British Malaya
Japan (including Korea end Manchuria)
Netherlands Zast Indies
Philippine Islands
Turkey
Other Asia
Total Aaia
Other countries
Australia.
Neu Zealand
S^pt and Anglo-I^ptlan Sudan
JVench Morocco
Union of South Africa
All other
+79
-I.U61
+€5«
-57
-3
+1
t€
+21
-835
*)*
-I
+3
+3
+18
Total other countries
Unidentified
Or and total
+9
+lU2
Total Latin America
India, Burma, and Ceylon
+1
+251
-121
-5
lUS
SVench Indo-China
Hong Kong
1
+21
Tene zoela
Other Latin America
Aaia
China
-15
+229
-78
+I3U
Other Burope
Total Burope
+51
+970
+93
lit
-195
-^13
iprll
May
June
December 1945
101
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
(Continued)
(Continued)
Table 5.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign) as
Reported by United States Banks, Brokers, and Dealers
(In thoutauda
«f dollars; negatlra
f l£Ur«B indicate net salee by foreignere)
Treasury Bulletin
102
Capital Movements Between the United States and Foreign Countries
Section
-
I
Summary
-
(Continued!
(Continued)
-
Table 5.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign) as
Reported by United States Ban]<s, Brokers, and Dealers - (Continued)
(In thouflsnds of dollarB; negative figures Irallcate net salea by foreigners)
Total
caleodar
year
19U3
Europe
United EingdoB
France
Belgium
-20,U35
191*3
January
Fettmarr
April
May
July
-111
-895
-772
-713
-1,1*10
+1*,013
-5.517
+80
-1,301
-2U8
-160
1,158
1.535
-71*2
-1*1*3
-67
Denmarlc
*l,96l
367
3
375
1.395
29
-95
Finland
Oermany
+2
111*
+ 11*
-18
-29
-19
23
-loe
-20
-28
U
Oreece
Italy
Lujeobourg
2
8
-U
-137
680
-111
Netherlands
Norway
Portugal
lt.37lt
-2
+16
+859
-6
93
15
mu
-uo
-38
+U20
Switzerland
•J.
S. S. R
Yugoslavia
Other Europe
6, "531
523
+2,280
+U2
1,803
? ,^g
U6
Total Ihirope
5,05''
+2,085
2U
Canada
-86.
'^20
+ 18
+213
31*
+135
+IU9
+206
+18
+U
+2
+1,106
+1
+269
<
-10
+90
-12U
35
5.356
Runania
Spain
Sweden
+1*63
1,127
-9
3
59
U6
22
-1
+2,U15
51*
+2
-7U
-2U
30
+2,06g
+132
+10
+250
-357
163
+31
+1U
+130
+136
Ul
+2,'t5U
-370
.893
3.581
-15.23U
57. "88
-5.182
-9.729
+1,028
+27
+71
Argentina
Bollvls
Brazil
5.611
-251
-618
-83
-7Ug
-''77
19
10
+9
1,520
+325
27U
259
-1*
Chile
Colombia
Costa Rica
1,38U
2,UU0
-22
+219
-15
i"
+162
-lU
-268
-256
+97
+16
1,079
-16
1,162
+98 "t
1.759
936
+1*0
-6
-126
+2U2
3'»5
310
-6
Cuba
French Weat Indies and
Qui ana
Mexico
3.733
-65
13
U13
Netherlands Vest Indies
and Surinam
Panama. ...........•
20
-IU3
-39
50
-22
-lt98
+12
+369
+22
+26
•.967
1.8U6
135
-126
-86
213
Peru
-Ik
83
77
-1*
Venezuela
Other Latin America
1.365
2,128
+263
-73
+339
-2U
+22U
-139
-1
+191
-122
Total Latin America
32,111
1.372
+63U
2,2U2
+2,lU7
2,883
-136
+708
+l.Ug2
-965
AsU
China
French Indo-China
Hong Eong
67
-78
-155
India, Burma, and Ceylon
British Malaya
Japan (Including Korea
and Manchuria)
-571
Netherlands Kaet Indies.
Philippine Islands
Turkey
Other Asia
»35,l400
990
Total Asia
-52
-250
-5
-28
-7
-3
1,000
1,000
-22
+136
-2
fl*
+106
8.9''3
2.313
77
+8U
80
393
117
3
-7
-23
+36
-7
3
+8,000
l3i
+"5
+22
+352
+U2
+297
35.556
1.096
171
+1.382
+2UU
+8
-2Wt
+1,100
-20
180
1
53
O ther countries
Australia
New Zealand
Sgypt and Anglo-Egyptian
Sudan
-5
-50
+6
French Morocco
Union of S^uth Africa...
All other
86
75
29
-335
+1,261
-20
+86
+1*72
-3
-5
+83
Total other countries...
g.339
Pnldentlfied
Grand total
-t7
250
67
+210
+82U
+23I*
-81.717
-11,908
68.513
5.995
-2,95**
-667
+105. U63
+1U1*
+U3
Latin America
-106
+11
+10
-30
87
9
-3
+8
-2.703
-6.U96
+2,8Ul
-27
16
+702
135
-2
-90
-15
1
3
39
"3
+61
+159
2,360
-1.631
August
September
October
Deceober
December 1945
103
Capital Movements Between the United States and Foreign Countries
Section
-
I
Summary
-
(Contlnuedl
(Continued)
-
Table 5.- Net Transactions by Foreigners in Lonp-Term Securities (Domestic and Foreign) as
Reported by United States Banks, Brokers, and Dealers - (Continued)
(In thousande of dollars; oegatl7e figures indicate net sales
year
19W1
lurope
United Klofdom.
Prance
Belgiuo
January
Fel)ruary
-26,2711
-2,gWl
-1.835
-7,510
-351
86
5
7
-I1O8
DeniDark.
Flnlsad.
Germany.
136
Greece
Italy
Luxembourg.
-U20
*979
-718
66
NetherlandsNorway
Portugal.
.
Buoanla.
Spain...
Sveden.
.
2.
Jlprll
May
-',052
-13,270
+395
-1.621
68
-i,57'»
-3.171
8.1173
-6.321
,U95
706
-1.892
-1.582
-I192
'72
-78
+172
-166
,953
-21
-5
+76
-59
89
-Ul
20
5
73
u
-I5U
-g
+15
+16
-7
1
-9
-1
-12
-13U
+2ll2
76
-17
-5
-5
-19
566
177
33
+2,3118
57lt
+262
16
+li8
5
U
282
-1119
1.1
716
86
51
Ug
81
+78
-15
+327
+11
-173
+151
-12
-353
+57"
5
-13
+16
-lUT
-5
-60
+3U
-1U2
-30
-75
-16
-631
+19
+3.550
2, 118
150
+73U
+5
-509
395
-123
-103
+6
YugoelaTla.
Other Europe.
22.585
-15
27
+37
+li.6lii
-3,601
1.851
-16.019
+U,381
-328
-7.266
-21.625
16.709
1.058
2.300
+287
11.391*
92
Chile
Colombia.
CoBta Rica.
1,12U
2.933
-16U
-250
+1.3
-70
9
-U
-16
7
Cuba
French Vest Indies and
Oulana
Mexico
1,822
16
361t
-731
-u
Total Europe.
Canada
Netherlands Ifest Indies
and Surinam
Panama
Peru
Tenesuela
Other Latin America.
.
3
6,161
-205
-13
-5.535
+16.385
-1.256
-U.ggo
-fi.357
+27.717
+I191
7U9
g.933
183
-50
-60
+226
-3
-75
Ultg
-11
-226
-iio
+669
-lU
-62
£o
lU
113
23
a
1.153'
-lU
-95
+38
+30li
216
+1I1
-13
-52
+2lt5
-U
-g7
3.3g9
-1
+1
1.939
-a
-139
+300
1.170
+2,513
-7
-82
+188
-21
172
18
230
-72g
-6I1
5U
+i,gi5
-80
+127
+g3g
-222
+763
"79
+2,996
10.601
-6U9
13
-88
-98
I.318
195
515
222
+ll8
93
98
ll08
5,7117
121
179
-16
6I1
+220
288
+12
+126
*3.539
+1,307
-36U
+1,586
3.515
-7
-612
-"7
30
+61
.
69
30
Burma, and Ceylon
British Kalaya
Clnclu41u
Korea
Japan
and Manchuria)
1127
-2
-U
-157
-110
Netherlands last Indies.
Philippine Islands
Turkey
Other Asia
6,002
-12
5,000
77
68
-l>t7
+26
-1
lU
India,
Total Asia
Other countries
Australia
New Zealand
Zfirpt and Anglo-Eeyptlan
Sudan
French Morocco
Union of South Africa.
All other
Total other countries..
lU
llO
-12
-5
171
-31
177.115
161
1.339
39
^
+279
-9
57
-3
6
-37
It
:l
85
-39
-33U
-116
33
+81
"55
79
It
-gU
ga
-21
1
1.215
83
+270
30U,231
-11.6
-3.8U6
+1.12"
U
-60
-2
+U
500
-9
1311
3
-13
+5«
11
-56
-13
+2«g
-2I16
+90
1.355
+1.773
gog
59
-6
+2i
2lt
500
+25
185
27
115
U.lio
170,1138
U
+3
+15. 891
+lii
Total Latin America..
Asia
China
French Indo-Chlna.
Hone Kong
-11
g
215
go
-1
-7
3
78
*e
-85
+16
.g05
-65
386
_-l6i
Unidentified
Grand total.
51
-136
6
.
-109
-550
2,025
20
.
+5
+82
-3
+30
-1.620
-831
Latin America
Argentine.
BollTla
Braill
9
+6U
-8
51
S.
8
July
-10
1,035
S.
21
June
+2
-18
+2
E. ..
Switzerland.
U.
Au^Bt
March
-28
-26U
.
foretgnera)
1>y
ISW
Total
calendar
-33.079
1.656
-g.205
+It8,8li0
80.538
Soptenber
October
Treasury Btilletin
1(A
Capital Movements Between the United States and Foreign Countries
Section
I
-
Summary
-
(Continued)
(Continued)
Table 5.- Net Transactions by Foreigners in Long-Term Securities (Domestic and Foreign) as
Rejwrted by United States Banks, Brokers, and Dealers - (Continued)
(In thonsands of dollars; negative flgoree Indicate net Bales by forei^aers)
19»*5
Barope
United Kingdom.
Prance
BelgiVD
January
Tebmary
-3.602
-3.9^9
-89
'-^
76
Denstarlc-
-35
+101
Finland.
Gaimasy-
€
+6
Greece
Italy
Laxemboiurg
-10
-111
-17
•
Netherlands
Horway .....
Portugal ....
*6
-2
22
323
-9
n
-3U
+1U
+28
-i
-117
-8
+190
-2.363
-2,eia
+3
70
-1.108
7.3UU
-50.283
+256
-17
+l|8
+29lt
95
sCDiianla.
Spain.
9veden.
Svitzerland.
U. S. S.
E
Tngoslarla
Other Europe
+1
.
Total Burope.
-6.963
Canada.
Latin America
Argentina.
Bolivia
Braall
•
-
-127
Chile
Colombia.
Costa Eiea-
+1U
-72
111
Onba
French Vest Indies and Onlana.
Mexico
Hetherlande Weet Indies end Sarlnasi.
-3
13
166
189
-267
-5
-10
-82
1.892
Fanasia
Peru
-52
-733
-29
VeneKoela
Other lAtin Amariea.
25U
-117
+U38
Total Latin Aoerlca.
+2.20lt
-UO
+580
9U3
Asia
China
branch Indo-China.
Hong Kong
India, Banna, and Ceylon
British Malaya
Ji^an (including Eoraa
-1
-73
-50
-1
-76
+180
+2
-eh
561
+957
*37
+33
*5
*e
-«
eak& Mancdnirla}
Netherlands East IndiesPhilippine Islands
Tarkey.
Other Asia
Total Asia.
Other count ries
Australia
Nov Zealand
llgypt and Az^lo-SSTptian 3udan.
French Morocco
Ilaion of South Africa.
All other
-7
U5
-2U
-36
_-25_
-35
-?9
-1H3
-192
Total other oountriee.
Unidentified
Orand total
-3.705
-56.588
March
-1».830
-8.828
-739
J^rll
MV
Joue
December 1945
105
Capital Movements Between the United States and Foreign Countries
(Continued)
-
Section II - Details for Month of June 1945
Table 1.- Short-Term Claims on Foreigners as of June 30, 1945, as Reported
by Banks and Bankers In the United States
(In thoosazuls of dollars)
Short-term elaioa
QepoaltB of
reportlDf
baalct and
^aakart with
forolgiars
Total
Bbort-term
olaiBt
larope
United ElngdCB.
France
Belgium
pe'^rable In
forel^i corranelaa
10,5lt6
67U
U8
1*6
1*1*
30
19
7
2
1
2
?lnland.
Oemany-
70
Beofflai^-
33
Greece
Italy
Luxembourg.
Setharlands-
61t2
25
70
1
1
6£o
90
32
73
in
Fortn^J
USE
Spain.
Sweden.
2?
e9U
326
-
7
21*5
l4O,09U
Horvagr
70
28
1
i*.5«7
53
1*.528
11.037
20,015
16.088
latharlands Wast Indies
and Snrlaan
Panama
Para
2
lU
22.032
iio.ofe
las
6
156
17
778
H
lt,6li
u
1,318
5.708
5.287
95.606
3i*.55''
iil*9
60.603
3.501
1*26
33.755
5,708
1,286
26.761
5.956
159
9.677
23
1*59
1.1*5?
1,051*
20,371*
92.
671
39
7.1*38
Its
25
7
1.213
30,510
6.9a
3
10
1
109
3.612
l.lW
3.723
9.221*
1*73
106
5.550
36.597
1
1.1*35
2
2
5
2
iia
6,b6U
10,985
91
107
7.K58
1,203
1(12
2,187
132
1*9.5*
122
3
3.?28
l.ll*U
7
55
1.399
27
189
139
1*
195
7
1U5
gl*8
7U
123
1*0,029
6
17
905
llU
8.857
2
13.173
1*31
139
33
270
1
5U9
8.3^3
1.213
"»9.667
67
620
26
30.5W
16.79U
17l»
P
69
119
la
53.770
Onba
Trench Vest ladles and
Oolana
Malloo
6aa
866
11
U5
U7.63«
.
11*
170
Total Zoropa.
Chile
Colonbla.
Costa Blca.
20.556
110
165
.
6
2
33.796
ij
U.8U
latin America
Argentina.
SollTla
Braall
18
1
u
382
11.61*3
555
1*
u
11
6
foreign
^aaki
1,168
729
U
1$6
15
13
'V"*'*».
8
209
U
Switzerland.
S. S. H...
Tngoalarla..
Other Europe.
0.
5.029
28
1
22
to
Total
payable In dollare
UahUltj of
foreigners on
aoceptaaces
made for
their acconnts
Loaaa
dooastlc
client! with
foreigners
16,2U9
27.892
l.ZSS
759
StaoFt-tflra elaijBB
fiBpoatte of
921
388
1,025
1,042
l.Ut2
5
5
19
11
388
1.037
l.i«3
Tenesuela
Other lAtln America.
5.62k
12.335
12.275
1.710
2.297
3.760
1*9
1
11
21
60
1*29
9.51*9
Total I«tln America.
m.577
2,71*0
1.71*3
855
11*2
lla.797
61,651
7.866
1.199
23
6
I*
99
155
1
13
1
1.1T6
1
810
30U
172
129
3
506
ije
63
India, Burma, sad Chorion
British Kalva
J^sa (Inolndlng Korea
and Maaofanrla)
l6.glt7
15,000
lU
311*
li*.669
17
1.81*7
lit
127
79
2
537
533
513
Setharlands last Indies.
Philippine Islands
Tuitsy
Other AsU
1.1*23
1.1*83
13.5*6
2,007
28
7
12. 51*7
79_
Total Aala.
'*9.15g
Aala
QElaa
Tranoh lado-Ohlna.
Bong long
Other eeqitrlae
Australia
Hew Zealand
XgTpt and Anglo- Igjrptlss
Sudan
Trench Morocco
Union of South AfricaAll other
Total othar oonatrlas.
thldantlfled
Orand total.
iia
123
69
«7U
£12
ka
36
1U,806
182
32
9
12.Ii£B
33.698
23.969
2,886
^
662
3«6
u
158
ao6
6
6.022
2.151
9.685
6
218
UTS
525
1.581
15
jn
11
19S
6
6
6.016
13
ao5
1.933
109
6.016
1,822
227
2lt8
9.209
131
175
8,903
126,013
12,662
175.61*0
250
250
60.723
6.81*3
6
250
375.038
251
2.1*^^
66
210
72.:
913
89
10,722
I.U75
10.887
13.618
2.000
21*
588
5.I191
1.1*21
29.683
2U,871
6.169
3i'*.3i5
Treasury Bulletin
106
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II - Details for Month of June 1945
-
(Continued)
Table 2.- Short-Term Liabilities to Foreigners as of June 30« 1945 as Reported
by Banks and Bankers in the United States
(Iq thoTuandi of dollar*)
Short-ten llaMllties payable
Short-tem llBtillltiei payable in dollan
Total
short-t«]
llabllItlet
Jarope
United Elngdoo
Tranca
Balglnm
86l,83U
372.299
Danmark
rial and
Oaxnany
260,U5
Togoslarla
Other Surope
Total Barope
2.562.302
B
Cpwnj^n
20,863
5.671
50,2gU
19.302
13
185
333
30
197,198
56,016
53
19
15,002
181,560
39,ltlA
5a
9.226
31.207
56,017
3l2
3.668
21*7.103
20.81)9
5.61*5
^
160
105.750
A
2
213
1.067
25
U,192
ii
2.552.693
2,158,687
12.771
376,655
i.5n
9.S09
1,267,262
l,26l*.7lU
375,301
750
888.198
162
2.518
73.220
19.219
73.156
1.0»
1
15U
66,530
16,719
137.739
2.570
19. a?
66,810
76.157
7.U77
65.702
75.183
6.985
777
971
181
190.325
187,661
.
7.'t77
190,366
'
1I46
2,500
8,1u
1
300
31
2,231
IOI
32
10
8
6,3't5
6.3U11
6,311
163.7*5
163,755
1>*5.2>»5
890
17.580
Botharlanda Vast Indies
and Surinam
Panama
29.225
86,224
25.272
76,078
35.0I1
3.953
10.11^
35.53'*
29.225
86,22&
35.193
1
Pearu
151
Tenazuala
Other Latin America
Ul,l483
••1.1*77
la.139
13'*.759
13U,li08
Total Latin America
1,076,901
519.615
27.510
22,023
Kaxloo
5
1
66,g3U
76.228
OulazLa
2
1J7
113
8,160
U.6;
3
6.191
208
371
56
l>t6,202
Cuba
French Watt Indies and
15
15
3.201
706
38.990
latin imerlea
Argentina
BollTla
Braiil
Chile
Colonbla
Costa Blca
a
212.258
261,182
20,863
5.671
50.293
S.
117
19.31*5
9.255
31.753
3.
2
18
213.306
165.'*37
U.
5
6.5U3
55.76U
9.55
Sirltterlajul
Jl
1*3.516
165,1*9
Spain
Sweden
1,186
113,910
19.3't5
21(0,595
In ,168
Euaianla
£
56.509
Portugal
6,U3
Other
12.150
13.673
BorwaQT
Treaeury bllle
and certificates of Indebtedness
Borroved
froa
foreign
banks
137.390
X3,67«
6,719
in foreign currencies
Liabilities on
acceptances made
by foreigners for
a/e of reporting
banks and bankers
S. UoTernfflent
39.291
1,081
11*2,132
f.61.3
tJ.
2,661
100
2«T
81*3.662
ssi.ggi*
U3.926
Netherlands
of
855.6U3
372.091
IU.,761
6.73»*
Oreeca
Italy
Lvxemboorg
Depoilts
foreigners
Bills
haU for
account
of
forelgnere
•a
10
206
6
U5.398
122
1.519
16,860
601
351
1,076,221*
1,001,036
18,160
55.801
921
677
518,168
27,510
19.090
173,103
20,173
19,016
231
11.398
7.336
136
1.117
39
2.933
as
181
18
17
953
22.027
912
U,o66
U,030
3.326
I65
239
36
HatherlandB last Indies.
Philippine Islands
Turkey
Othar Asia
111.257
10,668
16,120
S.166
,191
223
23
302
101
70.352
1.165
51.536
68.609
111.255
19.505
51.fe5
68.599
22.012
12
1.897
17
292
2
100
51
10
Total Aflla
878, 1«7
873,810
723.335
1.835
II5.9I9
2.7a
1.597
30.657
3.329
30,171
3.307
25.7S9
3.181
i.oeu
123
266
10.973
10.9112
10.602
161
3.1*)
1
5
17
1.550
1.399
1,821
317
1,130
38,222
1,168,697
8,701
18,561
Asia
China
French Indo-China
Hong EoQg
India. Burma, and Cq^lon
British Kalaya
Ja^an (including Korea
and Maochnrla)
Other countries
Australia
Hew Zealand
Xgypt and Anglo- SgTptian
Sudan
Trench Morocco
ITnlott of South AfricaAll other
Oraiid total
23.
70.128
69,71't
3.103
6,397
68.088
125.130
12U,000
117,163
17.252
17,252
17.218
5.927,251
5.908.693
1.393.073
6.l<o6
•
Total other countries...
Ihidantlfied
23,232
95U
1
5
656
H
1
186
22
179
31
57
in
inl
181
168
223
December 1945
107
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II - Details for Month of June 1945
-
(Continued)
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During June 1945, as Reported
by Banks, Brokers, and Dealers in the United States
(In thousands of dollars)
Purchases hy foreigners
Total
purchases
Domestic securities
Total
Sales hy foreigners
Foreign eecurltles
Bonds
Total
Stocks
6.905
18.353
1.92U
15
2l(8
231
3
19
Total
sales
Domestic securities
Torelgi securities
Total
Jorope
8,310
19,906
2,269
7.8I5
19.832
2.172
Donmark
Tlnlaad
U39
U39
3
U36
a«T1B£07
151
151
17
13^
6
6
6
i.te9
22
26
22
1*
2,391
266
32
2,388
259
32
279
284
167
272
151
76
118
196
33
12
16
11
16
10,057
9.592
5.108
U,I|8U
1165
162
tfelted KLo^dfim
^anee
SelglTss
Qreece
Italy
Inxemlwurg
NetherlandB
Borvts^
PortTa^al
910
l.'*79
'*3
261*
6,273
71
78
8. 695
3.920
8.635
2.920
1.513
1,000
7.122
21*7
98
ll*9
111
106
1
105
ui*
UU
37
77
6
l,'t03
6
57
18
3
3
2
2,109
216
1*00
37"*
296
97
50
2.35
6
17
8
fioiuQla
Spain
Svedan
Soltnrland
B
Tii^BlaTla
Othar Suropa
32it
32U
73
251
Total Baropa
ue.osg
W.88lt
8,l»llt
36.U70
I.I7U
t7.713
31.721
l*,U68
27.253
15.992
2.675
1.716
7
837
290
1.21U
2,210
2U
989
215
2.051
81
32
296
238
156
58
136
297
n. 8. S.
1
Oa&ada
Latin America
Irgantlna
SollTla
1
If.lUl
31
*alll
Qhlla
CoXoabla
Coata Blca
%
Oalia
225
303
i*i*
1*0
201
129
36
129
6,217
5,930
3,1*10
2.520
195
287
121
1
19U
83
111
729
22,628
19.813
8,6l2
11,201
2,815
1,110
13.317
52.125
16.720
8,562
8.15s
35.1*05
5,1*18
1.1*26
2.1*56
1.763
865
76>»
1.U26
26
665
337
756
62
U5
74
252
168
125
2.1*57
1.990
1,91*1
1*9
28
7
232
2
99
101
38
61*
9|
2
3.198
2.858
2.270
588
31*0
215
Oolana
Hsiieo
1,596
1.591
1.U25
166
5
5
1.620
1.615
1,1*82
133
Hetberlands Veet Indies
and Surinam
Panama
Barn
1*16
353
63
15
25
270
1,779
1.776
155
153
211
1.677
139
56
2,508
772
17
75
267
2.583
772
Teneeoala
Other Latin America
795
3.536
793
3.235
2.952
283
2
301
218
1.678
I.30I*
756
1,051
10
253
Total Latin America
20.070
^6.337
12.561
3.776
3.733
2.905
12.1*73
10,681
9.625
18,250
18.239
1.0l«
17.197
11
U
1.709
1.669
15
15
15
25
25
1,265
1.265
lU
1*67
UU
ft'anch Vest Indies and
1.1*29
603
1I46
766
2
83
3
3
2
37?
8
185
1.056
1.792
91*8
9J7
732
1*0
lU
11
22
2
I
lala
CMna
ftench Indo-ChlnA
Bon^ Eon^
India, Birma, and Ceylon
British Malaya
Japan (including Korea
and Haaiohorla}
1.251
35
3
Sether lands Sast Indies
Rilllpplne Islanda
I2U
12U
U5
Other Asia
123
95
87
Total Aala
19.780
19.7'tl
1.273
9
162
161
153
136
2,081*
2,015
1,228
U2
1*2
17
U
'I
'I
106
8U
=M
M,l*l6
'9.313
28,085
161
TorloBy
27
8^
18.U68
39
1*2
787
69
13
1*0.103
7.'^9
Other eonntrlas
Australia
lev Zealand
Z^ypt and An£lo-ld>tlan
Sudan
french Morocco
Union of South Africa.
All other
66
63
63
3
.
Total other conntrles...
52
33
25
25
152
J!l
18
Ji
27
8
37
_^
18
Onlndentlfled
(frand total
133.773
m.737
afi.752
ILm
Z1-P36
3.975
17.061
Treasury Bulletin
108
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Section
I
-
Net Position, January 1942 - June 1945
(In thouaands of dollars; negative flgurea indicate ahort poeitlon)
Currency of:
Position at end
of sonth
Airope
(continued on following page]
Grand
total
Total
Europe
United
Kingdom
Belgium
Germany
Italy
Hetherlanda
(Jan. 1-Jan.Zg).
(Jan.29-reb.25).
Mar. {?ob.26-j^r. 1).
-3,o66
-1.651
-2, "111
-l.Uzk
-1.251*
-1.1*88
+966
+1,208
+1,018
-390
-365
-387
-518
-516
-515
-35
-35
-35
-lOl*
(ipr. 2-Apr.29).
(Apr.30-Juno 3).
June (June '-July 1).
-2.105
-3.622
-3,26l
-1.391
-1.987
-1.516
+1,221
+555
+915
-395
-393
-515
-515
-515
-35
-35
-37
-101*
-1.271
-1.271
-3'*7
-105
-1.261*
July
August
September
-3.1*1*2
-1,210
-1,058
1,870
-712
-582
+629
+1,785
+1,808
-365
-369
-358
-516
-516
-516
-30
-102
-103
-lou
-1.266
-1.266
-1.266
October
NoTember
December
-1.275
-88U
-663
-303
-61
+U30
+2,11*9
-366
-392
-383
-516
-29
-26
-30
-103
-103
-103
-1.266
-1.255
-1.259
-1*02
+1,011
+1.939
+3.373
-106
-1.259
-1,25s
+108
+1 . 615
+U.131
-30
-30
-29
-105
577
-106
-1,1*19
1,963
+1.127
+1,1*1*7
+3.727
+U.035
3.1*90
-390
+2,222
+1,025
+157
+39U
-505
+239
2.953
+1*,382
+2.021*
+I».lt82
+'*,983
+I*.l62
19lt2-Jan.
rob.
.^r.
May
I9't3-January
yebruaiy
March
April
Hay
June
July
August
September
857
+2,1*22
+2.71*0
+i*.399
530
,30
-29
-29
-30
-107
-107
-106
-1.1*19
-1.1*19
:^96
-215
-218
-218
-530
-539
-539
-27
-29
-29
-109
-108
-108
-1.U19
-I.U19
+U.62O
+5.022
-218
-218
-219
-539
-539
-29
-30
-29
-109
-108
-107
-1.1*19
-1.1*19
-1.1*19
+6.881
+5.759
+6,927
-215
-202
-202
-51*2
-51*2
-29
-29
-29
-107
-102
-102
-1.1*19
+6.1U5
l*,908
+5,861
-205
-198
-196
-51*2
-30
-27
-27
-103
-102
-102
-1.1123
+8,503
+8,019
-191*
-538
-538
-27
-28
-28
-56
-56
-59
-1,388
-1,388
-1.383
-28
-28
-28
-5«
-58
-58
-1.381
-1.381
-1.381
-29
-29
-29
-58
-59
-59
-1.381
-1.381
-853
-29
-27
-28
-59
-86U
-863
-61
-61*6
+2, 722
+1,566
+2.105
+i*,o69
+2.1*1*2
igUM-Jsnuary
February
March
+5.771*
+1*.310
+6.262
+7.8O3
+3.107
+U.U99
April
May
June
+5.108
+2,112
+5.716
+3.621
July
August
September
+8,51*1
+6.11*0
+9.260
+7.569
+5. 705
+l*,630
6,89U
October
NoTember
December
+U.3O5
+U.II7
+5.500
+2.691
+2,796
+l*,950
3,936
+6,207
19^5~January
February
March
+6,830
+3.559
+1*,520
+6,783
+3.509
5,778
+7.121*
+'*.777
+6,1*99
+6.357
5.325
+6.985
6.279
9.961
5. 79'*
7. 31'*
7.212
8.53U
April
May
June
-516
-519
-522
,
-1.269
-1.271
-5l8
+5.675
3.1*20
-516
-101*
-1 271
-Jgl*
October
November
December
2.533
-383
-389
-388
-1*79
-37
-31
-105
-101
+'.933
-195
-195
-51*2
'.5»n
-536
-538
-1*91
-195
-195
-185
-1*91
-193
-193
-195
-1*93
-179
-166
-170
-1*91
-U93
-1*93
-1*79
-W5
-333
-285
-I.U19
-1.1*19
-1.389
-1.1*17
-1.387
-1,388
Portiagal
1/
Spain
109
December 1945
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
Section
I
-
Net Position, January 1942 - June 1945
-
(Continued)
-
(Continued)
(la thousands of dollars; negatlTs figures Indicate short position)
Currency of:
Position at end
of month
Europe - (continued)
Swltierland
lAtin
America
Other
Surope
J^an
Total
Asia
Chin
Bong
Kong
(
in-
cluding
Korea and
Other
Asia
Manchiiria)
WUa-Jan. (Jan. l-Jan.28).
25
(Jan.29-roll.25).
(Fel!.26-ipr. 1).
+58
966
109
-226
-23U
-229
(Apr. 2-Apr.29).
May (Apr.30-June 3).
June (June U-July 1).
15
32
-212
-226
1,U12
i*3
-211
U98
July
August
September
-27
-25
77
-182
-211
-231
October
HoTemher
December
+1U
-2k
+15U
19U3-Janu«i7
Tabruaiy
March
r»k.
Mar.
Apr.
+1.165
2,1*58
+79
+119
+115
-2.1*38
I
-165
-165
-166
-2.273
-2.2U9
-2,318
I
-166
-168
-168
-2.26U
-2,2Ul
-2.229
-68
-71
-72
-2.2U5
-2,138
-2,207
-72
-51
-71
-2,2'
-2,1*11*
-2,1*8U
I
+291
-2,1*30
-2,1*09
+114
-2.397
5U3
+287
1.3U1
U75
313
209
+l.5''3
+30U
,279
-231
-2OU
-197
+1,1*26
-UU
+269
+319
,326
,192
,293
78
-HI
371
-120
-I2U
+5I8
*9k
371
+508
1*05
+30U
-2!iuu
-2.150
-53
-53
-53
-2.118
-2.116
-2.111
-71
-71
-50
+89
+96
+6U
-121
-116
-111
2,022
l.OOU
+2,032
903
1.335
91*6
-2.177
-2.235
-2.227
-53
-53
-53
-2.117
-2,113
-2,111
-50
-50
-50
+U3
-19
-13
-32
*lk
-5"
-111*
1.350
1,512
3,858
712
713
-2.21*5
-2.158
-2,131
-53
-53
-53
-2.110
-2,106
-2,106
-50
-50
-50
-32
+551
-209
-I7U
-213
-93
-115
-59
5.2U3
+51*1
-2.1U3
+5,086
+56U
+722
-2.II1O
-53
-53
-53
-2.10U
-2,102
-2.161
-50
-50
-50
+6U
+65
+251
2,862
+760
+898
-2.05
.053
»t.l75
-S9
-91
-229
-88
l*,i*56
856
-l'.lk6
-65
-65
-65
-2,lU9
-2,lU8
-2.1U8
.50
-50
-50
+211
+215
+117
April
Hay
June
-77
-25
-26
-78
-95
-80
2.567
-2,138
-2,205
-2,238
-1*0
-2.IU8
-2.IU7
-2.1U0
-50
-50
-50
100
-38
July
Auguet
September
12
36
57
-38
-38
-50
-2.IUO
-2.138
-2.135
-50
-50
-27
-90
-23
-19
October
November
Deceaber
-2.135
-2.135
-2.135
-28
-27
-27
lau
19U5- Januaiy
Tebriary
March
-2,12U
-2,12U
-2,12U
-27
-27
-27
-2,123
-27
-27
-27
April
Hay
June
*9
July
Auguet
September
October
HoTember
December
19Wt-Jasuary
February
March
April
M«y
June
1/
32
31
Hot aTailable.
-93
+777
1.2U2
+1,055
2.779
-2,013
'.0U8
836
+827
+798
3.196
955
-102
+3.81*9
+l*.9l*2
*6M8
+617
+516
-2,318
-89
-98
49
52
11
-89
-126
-53
2.921
2.657
38
30
ZU
-77
-99
-89
51
-89
-UU
-13
lU
-53
it.537
-2,21*9
-2.231
I
i
i
-1*0
597
-2.11*2
+U51
+568
-2,079
-Ul
-Ul
-2.11*9
-1*1
2.37U
1.321
3.85«
+1.698
-2.0)12
-Ul
533
-2.089
-2.195
-1*0
+2,031*
+1,1*23
+1,028
-2,11U
-2,127
-2,035
-Ul
-51
-51
+2.968
U,023
+721
908
698
-1(0
I
I
-2. 123
-2.123
It
-2
51
78
32
-10
62
5U
+150
+102
n
7U
166
Treasury Bulletin
110
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Section II
-
Outstanding Forward Exchange Contracts, January-June
-
(Continued)
1945
(In thouaanda of dollars)
Currency of»
ContrectB as of end
of month
lurop*
(continued on following page)
Grand
total
Total
Surope
United
Kingdom
France
Belgium
Germany
Italy
Netherlands
Portugal
Purchase contracts
Total purchase contracts:
19U5-January
February
March
April
6U9
519
519
U52
283
912
763
715
UlO
316
377
237
188
2,130
2.313
2.273
590
570
126
105
12U
297
297
I403
112
167
167
167
1.63U
2.8I7
337
302
383
115
80
161
66
66
66
156
156
156
1.721
1.58U
l.uil
8U7
738
602
523
lill*
222
222
171
81
81
1,763
2,121
1.577
575
3.397
5,661
^^
i;.39J.
June
2U«
l.'t37
1,308
1,005
3.851
3,897
3,68U
237
237
237
79
Contracts for purchases from
foreign customers:
19U5-January
February
March
April
May
June
3.5'tO
Contracts for purchases from
domestic customers:
19U5_JanuaTy
February
March
April
May
June
,
,
it6l
332
328
81
171
295
236
216
81
81
81
122
13
Sales contracts
Total sales contracts:
19U5-January
February
March
5,820
5,97U
5.617
3.86s
l*.035
1.972
2.139
2
2
2
679
679
82
2
2
379
10
10
10
1.150
1.150
622
10
10
10
622
622
2.921
1,811*
U,859
7.521
11.199
2,1*91
1.351*
3.157
1.719
2,285
February
March
2.251*
2.251*
1,1*85
2,251*
2,251*
1,1*76
906
906
906
610
610
360
738
738
210
April
May
June
1,062
911
1,138
988
893
678
1*68
310
180
210
210
3,566
3.720
U,132
l,6lU
1.781
1.066
1.233
908
2
2
886
1,782
583
April
May
June
1,211
1*29
200
51
1*12
Contracts for sales to foreign
customers:
19'»5-January
503
628
50
Contracts for sales to domestic
customers:
I9U5- January
February
March
April
May
June
3.797
6.610
10,061
1,1*1*5
1.503
2,26**
Ol»l
69
69
69
10
1*12
10
10
1*12
82
2
69
20
2
1
10
10
10
2
(Continued on following page)
1*12
1*12
1*12
1*12
11
Spain
Sweden
December 1945
111
Position In Foreign Currenciea as Reported by Banks and Bankers In the United States
Section II
-
Outstanding Forward Exchange Contracts, January-June 1945
-
-
(Continued)
(Continued)
(In thoutandi of dollart)
Currancy of:
Contrseti at of and
of Bonth
l^oropa - (continued)
Svlt tar-
land
Othar
luropa
Canada
Latin
Aaarlca
Total
Atta
Chin
Bon«
Eonc
Japan ( Includln^
Eoraa and
Manchuria)
Othar
Ilia
Purchata contracts
Total purchata contracts:
19'»5-January
17
17
17
777
1.291
l.UOU
336
ftbruaiy
March
April
May
June
17
17
17
1,136
2,«l*3
2,219
297
297
253
380
380
380
82U
82U
6
750
129
301
380
380
82U
336
1.20U
I.2OU
1,20U
380
380
380
82U
82U
1.237
1.283
1.309
380
380
380
ezk
82U
82U
305
331
93
93
U9
82lt
97
101
380
127
Contracts for purchaees from
foreign customers:
I9U5- January
Fehruary
March
538
666
i^irll
60
May
June
1.205
996
750
129
33
79
105
Contracts for purchases from
domestic customaral
I9U5- January
February
March
April
May
Jun*
17
17
17
777
753
738
17
1.076
1,638
1.223
93
93
93
k3
U9
6U
22
22
22
22
Sales contractt
Total salat contracte:
I9U5- January
Jehruary
March
April
May
June
53
53
30
1.209
1.516
2,357
;66
183
108
I3U
135
93
19
19
19
112
70
30
30
30
1.890
3.211
8,926
88
8U5
20b
309
250
289
19
19
19
286
227
266
366
183
108
13U
135
93
19
19
19
111
Contracts for tales to forel^
customers:
19U5- January
February
March
April
May
June
7U
18
I160
Contracts for ealat to domettlc
customers:
I9't5-January
February
March
April
May
June
53
53
30
30
30
30
1.209
1.516
2.3U8
1,816
309
19
250
289
19
19
u
112
Treasury Bulletin
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
Section III
-
-
(Continued)
Purchases and Sales of Foreign Exchange <Spot and Forward), January-June 1945
(In thousandfl of dollars)
Currency of:
Transactions
during month
Bar ope
Orand
total
Total
Europe
United
Eisgdom
Trance
Belglxm
0«rmao7
Italy
rethoiw
lands
PortQ£al
Pnrchaees
Total purchases:
Spot
1*6,852
21,692
217
16.932
217
5
{^^;;
38,289
1,819
18,066
13.728
275
11*
(Spot
Forward.
51,533
1.930
2l*,022
16.235
121
25
250
/3pot
U5.759
1,983
19.881*
250
165
l^
50
Forward.
/Spot....
llbrward.
55.879
5.226
25.133
157
18,162
157
581*
282
71,280
3.700
29.527
22,298
81
30I*
221*
221*
13^en^ {^^,;
27,6lU
1,271
13.100
217
8,628
/ Spot ....
2U,580
12,01*8
7.965
Forward.
1,1*71*
a7
a7
fSpot
\lbnrard.
31.229
1.511
l6,l)0l*
9.011
121
la
J Spot
19l*5-January
retrnaiy
Harch
1
1 Forward.
I
April
\
May
June
J
Spot
1
Forward
275
la
11*. 71*:
338
528
a9
Purchases from banks:
Petruaiy
t
Harch
iprtl
Hay
316
25
250
528
1*69
27.016
12.138
1,1*16
lOl*
7.388
10 1*
225
1 Forward.
Spot
Forward.
31.232
lU.lAO
7.811
1*10
281
li09
it.873
llj2
11(2
/Spot
Forward.
IPorwi
1*6.522
3.1*56
19.501
12,1*60
71
295
33>*
a8
SIS
19. 2 J
8,592
8,301*
5
8
13.709
6,018
58
5.763
58
13
1
31*5
....
301*
20,301*
7,618
7.22U
Forward.
U19
25
8
J
\
June
330
a7
1*72
Purch&seB from customere other than hanke:
19UW«n^
February
Harch
1*^-;
\%^^^J Spot
I
iprU
J Spot
18,71*3
7.7H6
5S7
61
21*, 61*7
10.693
15
10,351
15
171*
27
353
758
10,026
9.838
10
8
2l*l*
6
6
[.Forward.
/Spot
\ Forward.
June
/Spot
iForward.
21*.
S^aln
December 1945
113
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
Section III
-
-
Purchases and Sales of Foreign Exchange (Spot and Forward ), January-June 1945
(In tbmuande of dollars)
Transact lone
during month
(Continued)
-
(Continued!
Treasury Bulletin
lll^
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
Section III
-
(Continued)
Purchases and Sales of Forelng Exchange (Spot and Forward), January-June 1945
-
-
(Continued)
(In thousands of dollare)
Currency of:
Surqpe - (contlnuad)
Asia
Transactions
during month
Canada
StredflQ
Svitzerland
Other
Dor ope
Latin
America
Jbpbh (including
Korea and
Manchuria)
Total
Asia
Other
Aeia
Purchases - (Contlnned)
Purchases from hanks:
igUWan^T {?o^-^:
February
I
March
tfTil
Hay
June
577
2.887
17
8,151
1.050
3.261
1.003
2U9
3.207
26
6.709
1.257
3.132
6U6
1(00
5.297
75
9.19'*
3.2lt2
759
9.279
1.263
3.292
'^
118
10.31)8
3,880
956
909
80
106
20.997
3.179
3.385
1.031
p^^^i;
I
Spot
\
^rward.
/ Spot
1.373
287
3.lt81
Is^rward.
/ Spot
'•73
llbrward.
Spot ....
I Forward.
j
3.695
776
't.788
59
Purchaees from cuetomers other than bafike:
76
99
35
6.581
269
1.837
21
78
91
30
5.250
287
51*2
a
60
87
78
9.885
378
Spot ....
Forward.
la
206
78
8,ai»
I
Stiot
57
1
Forward.
i9^ja»»^ {&d::::;
rehruary
March
l^^^^;
f
)
April
/
\
May
Jnne
Spot
Forward.
JS^ot
Forward.
25
57
1
782
l4«5
a
10.990
717
30l»
38
33
TO
11,639
238
7
3"^
638
25
1,003
All
other
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAQE, «300
UNITED STATES
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
WASHINGTON as. D.
C.
OFFICIAL BUSINESS
PERMIT NO. 1002
FORM
A- 12/45- 2000
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
Treas.
U.S. Treasury Dept,
HJ
10
.A2
1945
C.2
v
Treasury Bulletin
i
f
us TREASURY
1
LIBRARY
0031938
@FedFRASER