Full text of Treasury Bulletin : December 1950
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Library
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LIBRARY
ROOM 5030
JUN
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1 1972
TREASURY DEPART^AENT
I
WEASUMV.
EUHILIETm
DECEMBER -laSD
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE
SECRETBRV
December 1950
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust accounts, etc
g
Treasury cash Income and outgo
12
General Fund of the Treasury
I5
Debt outstanding
I6
Statutory debt limitation
20
Debt operations
21
United States savings bonds
26
Treasury savings notes
3O
Ownership of Federal securlt les
3I
Treasury survey of ownership of Federal securities
33
Market quotat ions
37
Yields of Treasury and corporate bonds
ko
Internal revenue collections
k2
Monetary statistics
4-6
Capital movements
50
Corporations and certain other business-type activities Income and expense, and source and application of funds
64-
Cumulative table of contents
7I
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
December 1950
A-l
Treasury Financing Operations
December-January Maturities
On November 22, I95O,
on or after January 2 In the case of certificates ex-
the Secretary of the
changed.
Cash subeorlptlona were not received.
Treasury announced that the Treasury would offer an
Issue of
l-jA
percent 5-year Treasury notes In ex-
change for the 1-1/2 percent Treasury bonds maturing
December I5, 1950.
a"<i
t^^ one-year 1-1/S percent
195O1
The new notes will bear Interest from December 15i
at the rate of 1-3/'+ percent per annum, payable
semiannually on June I5 and December I5 In each year
certificates of Indebtedness maturing January 1,19 51.
The maturing 1-1/2 percent Treasury bonds were out-
until the principal amount becomes payable. They will
standing In the amount of $2, 635 nil-lllon and the maturing certificates in the amount of $5. 373 "ilHon-
call for redemption prior to maturity. The notes are
mature December I5, 1955. and will not be subject to
to be Issued In bearer form only,
11,000,
$5,000,
In denominations of
$10,000, $100,000, and $1,000,000.
The subscription books for the new notes were
opened December h and were closed at the close of
business on December
7-
The notes, designated
Series B-1955. are dated December I5.
Exchanges of
Treasury Bills Refunded
Treasury bills matured In November In the amount
of I5.5 billion.
Each weekly offering was equal to
and exchanges of the certificates, Series A-1951. are
the maturing amount of $1.1 billion. The average
rates of discount on the new offerings were l.^^H
to be made at par with an adjustment of Interest on
percent for November
the bonds will be made par for par on December I5,
2,
I.350 percent for November
9,
after December I5 In the case of bonds exchanged, and
1.366 percent for November 16, 1.380 percent for
November 24-, and I.3S3 percent for November 30.
Note: Details of Treasury market financlne operations are
ehovn elsewhere In this Issue of the "Treasury
Bulletin",
In the tables on "Offerings" and "Dis-
position", respeotlvelj,
of marketahle issues of bonds,
notes, and certificates of indebtedness, and in the table
"Offerings of Treasury Bills".
January
1.
The new notes will be delivered on or
December 1950
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In mllllonB of dollars)
Period
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES.
Table !•- Receipts by Principal Sources
(In mllllone of dollars)
Internal reTenue 1/
InccoDfi
and profits taxes
Employment
Fiscal year
or Djonth
taxes
Withheld
by
employers
2/
Miscellaneous
Internal
revenue
Total
internal
revenue
Other
Grose
receipts receipts
y
16, 0911
16, 09"*
1,1.98
"•,553
22,1W»
321.
931*
23,1.02
26,262
3'', 655
3,325
U5,l.l.l
6,9119
1*1,685
1.3,902
1*0,310
1.31
355
3,1.91.
1*7,750
19''7.
19,292
35,173
30,885
29,306
1,739
1,780
1,701
5,291
2lt,88li
39,379
1*35
U9l»
3,1.92
l.,635
U.,238
W.,508
igW.
11,U36
19,735
31,171
9,a2
19,6ltl
29,1*82
8,31*8
1950.
10,073
18,189
28,263
588
1,310
1,957
1,032
3,655
2,5^5
817
788
379
2,709
1,267
1,721
3,526
U3U
y}k
31*0
91*8
312
19Wt.
19'>5.
19146.
1950-january.
February.
March....
771*
lv79
April.
May...
June..
July
August
September.
October
Fiscal year
1951 to 4ate.
1,31*2
21,lt93
2,3ll2
ll,ll29
2,02l»
7,725
8,OU9
Sxirr Ivors
Insurance
Trust Fund
6/
8,393
10,289
9,392
10,013
19'>3.
Appropriations
to Federal
Old-Age and
.
.^
. .
1/
22,202
1,1*59
1,616
1,690
2,106
2,272
2,838
2,160
1.2,211
38,21.6
37,01.5
67
2,381
2,U77
2,883
8,301
1*1,853
1*0,307
1.22
3,821.
1*6,099
381.
2,082
1.2,771.
8,303
39,1*1*9
1*23
1,1.39
1*1,311
67
5IA
362
61)5
3,257
3,1*80
1.7
3,1*81.
37
35
186
599
701
5,1*92
1*3
3,607
5,622
398
229
1,989
2,719
U,590
31*
69
138
2,092
2,895
271*
1I.6
1*,776
222
39
52
11*0
2,1U8
3,238
775
1,969
3,057
It, 722
1*7
201
316
185
93
629
295
701*
31*9
Tl"*
20lt
737
38
UO
66
3't5
819
2,816
1,028
1,768
3,635
73
l.,81.2
51!*
591
1,105
186
80S
2,099
57
IW.
2,300
181
3,190
l4,3U6
7,536
l,0l>2
3,268
11,81*7
195
U85
12,528
881*
"
129
Hat
recelpte
5/
70
257
1,679
2,973
3,006
1,130
1,292
1,310
1,238
1,''23
.
Be funds
of
receipts
21.3
1*3,892
1*1*,
762
1*0,027
l«3,0l.3
.
c
B
, . . ,,
.
December 1950
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures for National Defense and Related Activities
(In Blllloni of dollars)
Dapartment
of the
Air ftorce
12/
JlBcal 7ear
or month
IS"*?.
19^7.
75,297
89,720
90,501
«S,870
16, 812
igUg.
19U9.
1950.
11,500
12,158
12,378
igw.
19U5.
19^*6.
1950-jajinary . .
February.
Mareb
April.
Hajr...
Jnne..
July
Cepartnent
of the
Amy
Department
of the
HaTy
ii/
ly
Payment
under Armed
Ibrces
Leare Act
20,888
26,538
United
States
Maritime
Commission
SoTplUB
propert7
dlBpoaal
1^
i6/il/
Heconstrootion
Finance
Corporation
strategic
and
critical
materials
18/
12/
other
20/
1,986
2,776
3,812
3,227
69U
271
1,501
106
1*2
It.lTl
U,ltl2
270
10
277
136
268
25
325
98
4,090
U,110
1
305
297
293
335
357
3"*
298
UlO
286
22
32
29
311
3U9
300
268
293
306
332
302
31
35
39
\l
2k
U9,2U2
50,337
27,800
IS, 161
6,911
5,998
6,0it6
1,690
3,506
l,0l»6
936
1,051
96U
1,007
998
339
30,01(7
661t
6,180
3,189
2,682
k^^
328
138
llU
7,'*^7
6,305
11,117
55U
99
299
U39
7
1*1»
71
225
i.oei.
I,lli9
Uo
30
361;
32lt
September ,
1(39
267
U2
30
33
1,037
25U
386
272
309
Augiiat
1,351
U26
U69
379
52
26
'•,561
1,618
1,380
1,279
165
October p.
Fipceil
390
29
year
1951 to date p
Source:
(Same aa Table 2).
Footnotes at end of Table 5>
Table 4.- Expenditures for International Finance and Aid
(In milllone of dollars]
Fiscal year
or month
2/
Bret ton
Woods
SxportImport
Credit
to
mentB
Act
Total
Bank
21/
Dhlted
Kingdom
19lt6.
727
159
19't7.
19l»8.
1(,928
1»,1U3
1.1(26
191(9.
6,016
t,657
-60
U5
S3k
-20
19
1950.
igSO-Januaiy.
February
March
to
568
938
1(65
2,050
1,700
GreekTorkieh
AsBietaaca
12/
51't
161
279
121
881
1,333
753
1(,0U3
-12
803
3,523
Uk
170
267
259
316
l40
7
58
263
319
297
2k
21
15
38
10
23
199
191
208
Ik
15
32
31
25
21
16
236
51
23
Hay...
June.
1(20
15
U05
18
July
August. . .
September.
273
-17
251(
k
299
5
October p.
31(6
13
1,173
Other
38
32
37
6
(Same aa Table 2).
Footnotes at end of Table 5.
2/
Mutual
defense
aaslBtance
10
7
359
Source:
Economl
Cooperation Act
3
^ril.
Fiscal year
1951 to date p
QoTemment
and relief
in occupied
areas 22/
1
6
10
11
35
22
to
8311
21
5
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5«- "Other** Bxpendltures
(In nUIlons of dollars)
Fiscal year
or month
Aid to
apiculture
2i/
Social
security
prograa
25/
Public
work«
Eoualcg
WTV^
bCEEBQ
finance
11/ si/
21/
Direct
and vork
relief
28/
Atcaalc
December
19'yO
BUDGET IffiCEIPTS AND EXPENDITURES
Table 6.- Summary by Months and Calendar Years
{In mllllone of dollars)
Calendar year
Mar.
Apr.
July
Ma;
Sept.
Net budget recelpta l/
1932.
1933.
193''.
1935.
1936.
112
205
197
225
110
203
270
208
216
595
750
96U
910
682
791
1,557
1937.
1938.
1939.
19U0.
V)^l.
236
290
267
309
225
331*
1.11
19112.
571
783
751
9lt9
X9V>.
2,7'»0
2,li9lt
191*5.
19li6.
3A59
30lt
363
1.39
3,770
3,613
3,5SU
3,725
1..196
19't8.
l.,196
19''9.
3,579
3,366
U,158
3,381
2,972
1950.
".17
3,538
5,202
6,532
6,661
5,501
5,3'<2
5,871.
5,1.35
11,820
IU9
233
109
179
221
21.1
228
251.
313
285
369
257
S08
296
383
686
1,508
3W
393
386
556
282
386
U58
527
822
730
552
599
1,270
1,1.72
2,1.69
».,567
2,895
2,900
2,2U3
6,182
5,702
3,963
1,962
2,239
2,297
U,929
2,321.
l.,859
1,31.0
1,1.88
1,91.5
".,767
k,koh.
3,01.7
2,786
2,159
2,320
82
159
96
182
282
21.3
121.
318
21I.
108
203
336
328
377
2,lt7U
230
230
1.27
3,792
511.
lt,333
283
818
668
5,71.7
271.
291.
1.17
252
251
229
289
339
1.95
268
361.
1.08
71.2
267
260
325
Wk
365
1.07
390
672
671
703
1,128
288
295
272
327
739
2,001
2,078
581
2,511
599
2,71".
2,1.32
5,l.'.l
,021.
5,803
,900
l.,875
l.,386
,1.53
,I.UO
2,339
2,101
1,881
2,056
2,692
l.,197
2,51.0
l.,011.
1.1,1.50
2,31.1.
l.,19i
38,122
368
686
633
612
651
1.U0
Uh-i
2,1.35
2,656
2,182
2,21.6
2,281
2,096
2,1.38
I.,6l2
2,505
l.,5l.3
1,91*6
2,1.79
l.,832
1,881
2,860
l.,605
31.7
301.
261
326
510
1.37
21.1
31.5
357
356
558
59U
2,093
2,105
2,322
2,288
3,1.31
5,550
513
li,851
731.
5,712
1,205
8,1.67
2,695
5,730
16,290
31., 1.83
5,321.
1.3,531
.,067
".3,929
'.,050
38,810
1.1,010
Budget expenditures 2/
1932.
1933.
331.
3I.6
1.28
U1.2
1*33
1.66
266
1931..
950
633
607
1*57
1.90
51.1
1.58
U59
571
539
U08
551
728
652
2,336
1.62
1935.
1936.
672
605
625
1937.
1938.
1939.
587
513
1,21.8
571.
1.50
1.17
69I.
786
881.
666
956
621.
668
667
665
710
505
513
653
677
1,133
696
687
785
798
8I.3
1,1.82
1,1.01.
605
1,352
881.
1,076
1,591
1,631
l.,1.00
l.,8lo
7,1.75
8,260
8,631
I9I.0.
191.1.
1.95
191.1..
2,680
6,728
7,737
191*5.
I9I.6.
8,11.2
l.,8ll
I9I.7.
19I.8.
3,019
2,800
3,205
3,323
191.2.
191.3.
191.9.
1950.
585
2,652
6,358
8,012
7,127
7,71.6
10,1.12
3,31.0
3,598
3,731
3,239
3,086
3,651
3,269
2,221.
2,972
2,1*96
3,515
9,031*
3,939
7,300
7,337
7,758
3,750
3,1.07
2,51*1
6,879
8,927
3,371*
3,281.
2,222
9,51.0
11,836
193"..
1935.
1936.
1937.
1938.
1939.
I9I.0.
191.1.
191.2.
191.3.
191.1*.
191*5.
191*6.
191*7.
191.8.
191.9.
1950.
-222
266
59U
507
532
1.91
509
519
592
659
501
703
1,020
801
1,668
617
751
692
738
1,989
565
777
752
891
2,328
5,257
5,1.56
7,1.99
7,831
8,203
6,91.9
2,71.5
5,921
7,667
7,779
6,372
2,663
2,962
2,335
3,585
2,515
2,673
3,066
3,995
3,520
727
1.25
8,0lU
8,561
3,287
1*,996
l.,0l8
3,553
3,71*1
3,151
3,101.
U,656
3,1*31*
2,81.7
2,962
1*,296
3,013
Budget surplus, or deficit (-)
1932.
1933.
1.35
1.96
661
636
680
^
1.92
1.88
5,017
7,1.95
6,61.6
8,539
967
631
888
1,890
671
835
835
1,187
7,635
8,220
9,151
2,681.
20,229
6,l81(
6,012
6,926
57,751
7,619
7,91*7
7,71.1.
90,171*
8,031.
7,811
8,327
97,181
87,522
9,61.5
5,619
l*,530
l*,962
2, 860
2,1*53
3,605
1*1,322
2,391.
2,11*3
3,176
3,163
3,127
l.,102
38,576
36,209
3,722
1*1,711*
2,911
3,111
3,170
Treasury Bulletin
BUDGET fffiCEIPTS AND EXPENDITURES
Table 7.- Social Security Act
-
Budget Receipts and ExpenditureB
(In illionfl of dollars)
Fiscal year
or month
. ,.
, .
. ,
8
9
.
December 1950
BUDGET RECEIPTS AND EXPENDITURES
Table 8«- Railroad Retirement Act
-
Budget Receipts and Expenditures
(In millions of dollars)
Receipts
Fiscal year
or month
lQli3
,
19kk
W"!?
,
19l»6
19l»7
,
Excess of net
receipts, or
eipondltures {-)
1/
1.3
-26.3
-12.8
77.3
1950
-3't.l
1950- January
AdmlnlBtratlv©
Net
receipts
208.8
267.0
208.8
267.1
285.0
282.6
380.1
-11.1.
19't9
Deduction:
Refiinds of taxes
on carriers and
their enrployees
2/
Teaes on
carriers
and their
employe OB
-206.5
-15.5
191*8
Ezpendlturae
220.2
265.2
311.1
Tranafers to
Railroad Rotlremont Account
(trust account)
5.'*
211*.
281.7
380.0
29't.5
2.5
2.3
2.6
302.8
'*.3
262.7
308.8
291.9
298.5
557.0
5.0
758.5
563.1*
5I19.6
763.5
578.9
583.7
l*.li
57'*. 5
.9
582.8
2811.8
557.1
563.8
550.2
-36.5
July
August, .
September
37.3
.5
.5
123.1
123.1
«
3.2
5.9
125.2
2.9
5.9
125.2
59.1
59.0
-2lt.9
.9
25.8
10.5
126.0
10.5
126.0
26.0
25.8
26.0
331."*
331.''
-77.7
,
.9
-15.5
-205. li
,
October.
37.1*
'*.9
-56.1
5.9
125.2
June
.9
1».9
123.1
April
May
.9
It.U
.
.
February.
March
2.3
2.3
Source: Dally Treasury Statement.
1/ Eiceas of expenditures Is coTored by appropriations by Congress.
2/ Tax refunds deducted from receipts exclude Interest on refunds, which la
Included under "Administrative expenses"
80.5
Consists of expenditures from appropriations made specifically for
administrative expenses relating to the Railroad Retlrenent Act, and
interest on refunds of taxes (see footnote 2).
Less than $50,000.
2/
*
Table 9,- Railroad Unemployment Insurance Act^^- Budget Receipts and Expenditures
(In millions of dollars)
Receipts
Fiscal year
or month
Excess of
receipts, or
expenditures (-)
2/
19Wt
2.1
-2.7
19l>5
.6
191*6
-.2
19't3
19'>7
.5
191*8
,
191*9
1950
,
1950- January...
February.
March
-.6
-5.1
-3.2
Railroad
unemployment
Insurance
contributions
Expenditures
Administrative expenses (Railroad
Unemployment
Insurance Administration Fund ) uy
^
8.2
10.3
12.1
13.2
12.9
1U.2
11*.
12.6
13.1
13.7
15.1
llt.8
9.1
12.3
2.2
3.2
3.7
3.5
''.5
5.5
5.9
6.9
.1*
.1
1.1
.1*
9.7
9.0
5.".
.U
April
May
June
-.1*
«
.1*
.1*
-.9
.1
1.0
1.0
.3
2.1
1.8
.3
July
August.
September
-.5
-.8
1.9
*
October.
-.1*
.
.
.,
1.5
.1
2.3
Source: Dally Treasury Statement.
1/ Operated as Railroad Unemploymsnt Insurance Administration Fund.
2/ Excess of expenditures Is covered by appropriations by Congress.
Through 191*8 represented 10^ of contributions under the Railroad
Unemployment Insurance Act of 1938; the remaining 90^ was deposited
in the Railroad Unemployment Insurance Account In the Unemployment
Trust Fund. Beginning In 19U9, represents contributions equal to
0,2^ of the taxable pay roll; and the remaining contributions are
^
6.0
11.7
8.9
9.6
9.2
1.1
2.1
^
.1*
-1.0
1.7
Transfers to Railroad
Unemployment Insurance
Account, Unemployment
Trust Fund
.1*
.U
U/
^
*
deposited In the Railroad Unemployment Insurance Account (1*5 U.S.C,
(See "Trust Accounts, etc.". Table 7).
358 (f)).
Consists of expendituroB from appropriations made specifically for
administrative expenses relating to the Railroad Unemployi:»nt
Insurance Act.
Represents excess funds of the Railroad Unomploynent Insurance Administration Fund, under act of Oct. 10, 191*0 (5I* Stat. IO99).
Less than $50,000.
Treasury Bulletin
TRUST ACCOUNTS, ETC..
Table 1.- Summary of Receipts and Exi)endlturee of All TruBt Accounts, Etc.
(In mllllcaifi of dollars)
riecal y«ar
or month
...
.
.
'
'
December 1950
TRUST ACCOUNTS, ETC.
Table 3.- Investments by Principal Accounts
(In millions of dollars; negative flgorea are arcasa of redamptlone)
Federal Old-A^e
and SurrlTor a
Insurance Trust
nacal year
or month
INiBd
3.00l»
19^3
19U4
19^5
19U6
Batlonal
Senrlee
Life
Insurance
Unesplo/Bent
Tnut Aind
OoTernaent
employees
retirement
ftmda 1/
1,228
1.503
61
1,97'*
73
102
1*3
2,053
1,235
^^
60
-160
U61
353
-72l»
-1,91.6
32
32
-26
Adjusted
Service
Certificate
l^ind
280
393
399
309
282
UI46
148
31H
S62
l.W
86
lUO
182
1,19't
OoTomeeBt
Ineorance
lUnd
nud
1.035
1,172
1,137
1,002
4,129
5,200
3,668
3,362
19»*7
Eallroad
Retirement
Ic count
5^3
60
19^*8
igi+g
3,060
i.igi*
2,3U
1950
-1(02
l,29U
l,UlU
569
3t6
338
-661
-797
130
250
-80
-21
-177
-U32
-753
-853
-2
-3
10
-26
-2
11
-275
130
58
309
32
-26
31
-110
137
-31
-332
589
-2
-2
36
li»6
July
August. . .
September,
152
281
726
-2
163
-3
-5
10
317
October...
168
130
-1
-2
-2
1950-Januar7...
February
Harch
11
.
i^rll
May
June
96
.
-2"*
-81
98
-1
-63
210
306
-1.5
55
11
7
10
-28
210
67
7
-3
-9
Source:
(Same as Tatlo 1).
1/ See Table 2, footnote 2.
Leea than $500,000.
Table 4.- Expenditures Other Thgn Investments by Principal Accounts
(In
BiUlona ef dollare; negative flgaree ure excea. of aredlta)
Federal
Tlfical 7ftar
or .onth
Total
1/
igUU
1,287
3,178
19'*5
1,09'*
igW
U,568
3,985
I9't3
I9't7
19i«
Old-A^ and
SunrlverB
Insurance
Trust nind
177
217
267
358
>*66
Bent
Trust
Fund
National
Serrlce
Ufe
InsnraBoe
Fond
OoTeruaent
Life
Insurance
Itmd
176
6
30
31
128
280
282
31*
1,11*6
869
employees
retirement
ftiads 2/
Miscellaneous
y
Special
depealt
accnulta
(net)
Bedeaptien, er aale (-],
•f aeearltlei ef OoirernB«nt eorporatlena, etc..
In the Barket (net)
Onaranteed
61
71
152
173
OoTemaent
25
50
67
85
103
260
233
1*28
-271
-508
-1,669
^f267
323
1,571*
61*7
1,073
372
Hot
eoaranteed
599
2.683
1,276
160
387
95
190
277
-66
-28
.
March
iprtl
May
Jnse
222
278
85?
302
70
21*1*
1,231*
367
16
-123
31*8
61
28
2,988
llU
526
370
1*6
2,026
222
268
ill*
301*
96
8
11*
863
1,176
1,310
67
67
68
25
203
175
217
U80
2U
23
23
1*2
-6
818
917
1)0
9
23
659
1950-Jannar7.
Itobmaiy .
559
661
781*
69
37'*
23
2U
69
70
26
27
26
IU3
1*29
1950
11*7
125
98
2l*
-8
-1
21*
26
26
26
93
56
U5
23
22
28
26
35
97
lio
lU
61
21
21
33
26
33
25
Uog
July
August. .
September,
298
258
69
70
73
October,
3U0
126
.
273
129
90
6U
(Same bb Table 1),
Excludes expenditures of Foreign Econaalc Cooperation Trust Fund (all
In I9U9); see Table 1, footnote 1.
See Table 2, footnote 2.
So\irce:
2/
130
thi employ-
3,750
3,898
6,971
19'*9
1/
Railroad
Betlroment
Account
1*2
27
19
13
5
1
Includes Adjusted Service Certificate PuM, District of Columbia,
Indian tribal funds, expenditures chargeable against lncren»nt on
gold, mutual defense aselatance, etc.
Less than $500,000.
Treasury Bulletin
10
TRUST ACCOUNTS, ETC..
Table 5.- Federal Old-Age and Survivors Insurance Trust Fundi/
(In millions of dollars)
3
1
..
.,
3
5
9
U
3
3
8
U
9
2
3
6
U
3
U
7
December 1950
11
TRUST ACCOUNTS, ETC.
Table 7.- Unemployment Trust Fund
(In millions of dollars)
71ecal y»ar
or month
Deposlte
by
States
6,6lU.O
1,566.9
1,507.8
1,279.8
1936-19'>3.
19ltJt
19't5
19'i6
igi*?
271..
l,3't9.3
109, l»
1,256,0
1,009,9
1,005,3
118.8
116.2
127.6
1,007,3
130.6
.1.
.1.
,1.
17.'.
11.7
8.9
9.6
9.2
281.
96.5
123.6
1U3.6
2,21.1.5 2,092.1.
.
February,
March
AprU
May
June
11.6.9
165.3
180.1
167.1
1,506,3
,8
1,1.36,5
372.5 .,367.0
5,878.8 5,870.0
7,315.3 7,307.2
17.2
51.7
133.9
7,1.1.9.1 7,1.09.0
1.19.9
7,869.0 7,852.0
U,8
5.3
60.8
798.1
858.9
1,313.8 1,227.1
2,025,5 1,879.0
l.,372.5
.6
I15I1.O
8,323.0 8,298.
8,182.1. 8,138.3
18,1
Ul.U
22,1
6.5
2.7
1.5
31.8
6.5
6.9
.1.
.1.
.5
July
August.,
September.
981i,0
.1
9.7
9.0
1,098,8
9.7
5.1.
109.6
169,8
21.1
36.8
169.5
13.7
72.8
203,1.
.1
.1
2.8
..7
175,3
217,2
31.1.
.1.
.7
.1
11.2.9
11.7.2
75.1.
128.7
60.0
"..5
56.7
1..5
280.1.
.1
10,5
3.2
35.1
287.6
.2
.1
1.5
U.l
.2
Inception to date 16, 1.02,5
ll.,015.2
1,303.8
3.1.
(Same as Table 1).
Source:
1/ Excludes interim advance of $15 million from the Treasury and subsequent
repayment, both taking place In the fiscal year 19'.0.
2/ Represents contributions under the Ballroad Unemployment Insurance Act
of 1938, as amended (1.5 U.S.C, 36O (a)). In excess of the amount specified
(See "Budget Receipts and Expenditures",
for adjninlstratlTe expenses,
Table 9.)
Represents amounts transferred from States to Railroad Unemployment Insurance Account equivalent to amounts of taxee collected with respect to
period frcm January I936 to June 1939, Inclusive, from employers who cone
within the purview of the Railroad Unemploymsnt Insurance Act,
y
%
^
.3
.3
-93.8
-5.5
-196.1
7,65l..7 7,616.3
7,61.9.1 7,595.3
7,1.53.0 7,1.18.3
1.6.9
30.5
'..3
8,1
6,2
5.2
lUl.O
123.5
-110,
133.5
-38,2
7,31.2.6 7,308.3
7,1.76.1 7,1*5.3
7,1.37.9 7,'*1'».3
31.6
27.9
22.1
2.7
2.9
1.5
,2
-57.8
198,1
-1.7.6
7,380.1 7,351.3
7,578.2 7,561.3
7,530.5 7,516.3
26.3
15.1
12.9
1,".
-23. 1.
7,507.1 7,1.88.3
17.0
1.9
7,507.1
7,507.1 7,1.88.3
17.0
1.9
I.
5.2
8,895,1. 8,362.3
8.1.
12,1
15.0
15.76/
131..
61.2
9.3
1.5
8.5
7.8
31.7
7,1*37.9 7,1.1'..
89.0
3T.5
.
"t.O
1.,
-1U0,6
-71^,5
81..
37.7
October,
35,'.
287.6
16.8
86.76/
11.6.55/
187.7
163,2
202,2
93.2
89.5
6U,5
.
In disInveetbursing
In
mente
offitrust
account cer's
account
1.3.2
105.9
60,0
70.1
71.3
1,11.5.9 1,128.3
817.1.
869.5
60,6
32.5
280.7
90,5
1950-Januflr7.
nnezpended
balance
m
1,312.9
1,173.2
1,281.0
wi'g
1950
Net
Increase,
or
decrease
Transfers
Burance
Wlthto EaU(-),
dravals road \3Dism- Account l/
by
ployoent
aaeete
States Insurance
Benefit
Account i/ pajiBsnte
Inreetmenta
y
105.9
5,935.0
1,289.11
\9hS,
Trans- Transfers
Contrl- fers
from
butlona frooD
AdmlnlBstates tration
2/
Fund
Ballroad
Uoemploy-
State accounta
Kallroad UbanployiDBnt
Insurance Account l/
State
accounta
Aseeta, end of period
ExpeulltureB other than iDreetmsnte
Becolpta
107.2
1.25.9
6/
2.5
1.8
Represents eiceae funds of the Railroad Ojoemployment Insurance Administration Fund, unier act of Oct. 10, igUo (5^ Stat, IO99).
For railroad unemployroent benefits and refunds,
Inclxides transfers to the Railroad Unemployment Administration Fund
as follows: $9.7 mlUlon In flscea year 19U9, $2,3 million In
September 191*9, and $.U million In January 1950, representing adJustnent for crrer-collectlons due to retroactive change In tax rate
under the Railroad Unen^iloyment Insurance Act, as amended (U5 U.S.C,
358 (a)).
Less than $50,000,
Table 8.- Natlonal Service Life Insurance Fund
(In ffllUians of dollars)
Expenditures other
than Inrestaents
Becelpta
Fiscal year
or month
I^r'enlums
and other
receipts
366.0
19l.l-19'.3
329.1
781.1
Transfers frcm
General Fxmd
31.5
101.2
1,116.5
l,38l.U
816,7
I9W
90lt.5
I9I.5
2,127.'.
951..
191.6
2,351.0
81.1..7
191.7
l,50lt,l
516.6
191.8
19'.9
739,7
690.1
1,076.1.
387.5
392.8
398.7
153,0
87.0
1950
1950- January.,.
February,.
55.1.
1.0.3
56.3
31.
March
69,1.
.2
1.0.5
7.5
7.6
10,5
April
May
June
51.3
53.5
35.2
202.1.
1.1.7
9,6
16,2
6.7
29.1
July
August, , ,
September.
28.1*
27.3
39.0
26.2
October.
1.6.6
1.3.2
3.1.
9,90l..U
l.,7U0.2
U, 169.1.
.
Incsptlon to date
1.1.1
Source:
(Some as Table 1).
*
Less than $50,000.
Benefits Special
dividends
Interest on
InTestments
(-), in
Assets, end of period
Total
Investments
Itoexpended
balance
refunds
5.1.
1.7
2.1
2.2
31..
1.72.3
Net Increase,
or decrease
22.2
56.7
6.9
6,9
Sl.l.
170.9
128.2
279.8
279.3
199.2
210.3
205.0
,987.9
7.6
1.79.6
359.1
873.2
1,999.3
2,071,2
31.1.
128.2
279.8
279.3
121..
301.9
301.9
3I.8.I
1,221.,
31.8.1
351..
1.37.7
31.1.9
2,633.0
7,1.
18,9
1.1*.
6,1.73.7
It
63.1
53.9
6,965.3
7,307.2
5,395.7
6,931..
5,3'.2.1
30.6
19.6
53.6
7,287.7
W.9.6
787.7
886.7
-1.21..
-761.1.
-81.8.0
7,295.1
6,533.7
5,685.7
7,263.2
6,510.2
5,657.2
31.9
23.5
28,5
29.1.
3'J..7
9I..6
-322.3
-71.9
5,363.1.
5,291.'.
5,325.2
5,2W.,2
38,2
69.7
iolt.3
5,395.7
5,31.2,1
53.6
-27. 1>
5,368.3
5,31.0,6
817.7
18.5
917.1.
7.9
2.1
37'..1
125.1.
151. .0
98.2
30.8
28,5
56.
27.6
1.5.3
29.1.
Uo.l
991*.
351.7
1,213.1.
3,187.1
5,239.7
30.1
30,0
30,7
II..
.1
-1,9U.5
359.1
1,232.3
3,231.6
5,302.8
6,527.6
29.1
28.9
15.9
11.0
1.2.2
31.0
U,5U7.6
1,81.7.6
1.7.3
-I..
5,361. .2
5,337.1.
-11.7
5,352.5
5,328,1
27.7
26.7
2U.3
11.2
U.l.
5,356,8
5,328.9
27.9
2,700,0
5,356.8
5,356.8
5,328.9
27.9
Treasury Bulletin
12
TREASURY CASH INCOME AND OUTOO.
Table 1.- Sunmary of Cash Transactions
(In mllllone of dollars)
Flsoed year
or non^
December 1950
13
TREASURY CASH INCOUE AND OUTGO.
Table 3.- Derivation of Cash Budget Expenditures
.
Treasury Bulletin
ll^
TREASURY CASH INCOME AND OUTOO
Table 5.- Derivation of Caeh Borrowing or Repayment of Borrowing
(In millions of dollars)
Fiscal year
or month
.
December 1950
15
GENERAL FUND OF THE TREASURY,
Table 1.- Status of the General Fund
(In
Deposits in Vedsral
Beserre Beaks
Bolllon, coin, and
currency
Snd of fiscal
year or aonth
BllUona of dollars)
Arellakle
fttnds
11*9
150
20,775
25,119
15l»
10,
iguu!
I9l*5
761
666
558
In process
of collection
3,730
5,370
3,862
5,927
1,073
1,022
1,052
191
219
191
1,928
1950-Jamiar7...
February.,
March
5,1*21
5,1*89
6,1*38
1,029
1,027
1,029
221
220
April
Hay
June
5,071*
't,757
1,011*
191*6
,
191*8
,
191*9
1950
,
ll*,708
5,927
1,036
1,052
232
1*38
123
103
950
11*3
677
666
1,006
121*
221*
236
216
191
875
588
950
566
733
97
102
216
190
^?^
11*3
July
Auguet. .
September.
i*,86i*
1.051*
195
5,501
5,932
l,0Ul
1,051
207
213
1,U6
171*
October.
l»,537
1,009
231
569
111*
.
..
9,507
20,169
2i*,698
1*70
11*,
1*22
3.
283
309
323
1*38
1*10
U,932
3,470
5,517
2,898
3;iU6
3,665
381
306
372
303
317
5,186
6,121
302
2,560
3,268
281*
1,773
1,771
3,268
2,6l8
3,115
3,065
2,317
321*
392
238
308
5,01*9
I*,
702
U,i*6l*
323
1*10
5,517
33"*
361*
i*,500
301*
316
311*
1*28
5,185
5,505
298
392
Table 2.- Analysis of Change in Balance In the General Fund
TlBcal jear
or month
Itand
1*21
Iblly Treasury Statement.
On account of withheld taxes and sales of Ooveroment securities.
(In nillions of dollars)
Balance in
the General
6U3
607
533
507
289
305
310
Soiu'ce:
1/
LiaMUties
2,51*3
1,500
1,006
1,202
21*3
Other
depoeits
and
collections
7.667
18,007
22,622
12,993
962
1,038
1,1*1*2
150
160
1,023
191*7
Deposits in
special
depositaries
It,
11*5
.,
..
Treasury Bulletin
16
DEBT OUTSTANDING.
Table 1.- Sunmary of Federal Securities
(In millions of dollars)
Intereat-bearla^
Total outstanding
End of
fiscal
year or
month
PqWIc
delit
Aiaranteed
securities
Matured debt and debt bearing no Intereat
d*l)t
Ouaran-
Public
aecorltlee
Public debt
teed.
debt
Total
International
Bank
Total
V
U,100
1.623
I9>t7
1U0,796
202,626
259,115
269,898
258,376
19M«
19^9
1950
252,366
252,798
257.377
252,292
252,770
257,357
73
27
20
250,132
250,785
255,226
250,063
250,762
255,209
17
2,012
2,150
279, 76"*
279, 21U
551
278,1*51
277,912
539
1,313
1,301
238
2511,869
21*
251*, 1*06
Monetary
Aind
19^3
igw
19M
igUS
136,696
201, X3
I39,'t72
135,380
lt,092
1,321*
199,5't3
1,516
256.357
268,111
1109
1,567
2,350
1,321
3,179
258,682
269, 1«2
258,286
"•33
t76
90
201,059
256,766
268,578
255,197
255,
U67
83
U3
2,231*
1,316
i,U6o
2,326
1,311
3.173
11*1
2,229
2,009
280
2,ll*8
265
201
269
376
231
21*5
Other
U16
1,721*
1,175
1.259
2,057
935
802
66
Ul
1,161
1,063
1,270
722
660
613
Ouaranteed
securities 1/
(natured)
8
107
2U
10
6
5
3
2
Bsbt pealc
Peti.
19U6
1950- January...
1,063
256,892
256,395
256,865
256,36s
27
27
255,7't7
255,72't
2U
253,527
253,506
2U
21
1,997
1,962
2,218
32fc
1,008
1,008
1,270
632
March
1,999
1,965
2,220
356
Jtebruary..
25't,893
25'»,U30
Jkpril
255, Tto
May
255,718
256,350
257,357
22
20
20
253.536
254,200
255,226
253.516
25U,183
255,209
19
18
17
2,20U
2,170
2,150
2,202
2,167
310
280
265
1,270
1,270
1,270
621
617
613
257,5'»1
25T,87l«
16
18
20
255,1*16
255.1W3
11*
2,11*1
2,138
255,779
15
2,112
2,250
2,U0
2511,986
255,76it
25lt,968
2,21*7
258
235
375
1,270
1,270
1,270
610
605
602
25l*,750
25l*,731
2,209
2,206
337
1,270
599
June
256,370
257,377
July
August
September.
257,557
257,891
257,236
257,216
October.
256,959
256,937
.
.
18
2,ll*8
62&
Source: Dally Treasury Statement.
Footnotee at end of Table 2.
Table 2«- Net Change In Federal Securities
(Increase, or decreaBe (-), in allllone of dollerB)
Total outatandlne
Plscal year
or month
Public
debt
191*3
191*1*
63,805
61,830
191*5
56,1*89
I9U6
191*7
10,783
-11,523
191*8
-6,010
Interest -bearing debt
Oiaranteed
securities
1/
61*, 271*
-U68
307
57,679
-2,1*77
10,7110
1*3
-11,136
-387
-5,991*
-16
61*,
-1.190
Public
debt
Matured debt and debt bsarlog no Interest
Guaranteed
securltlee
1/
Internat i onal
Bank
63,1*12
^57
6C,i63
56,813
-2.576
-1.107
58
-383
850
2U3
782
-1.029
1.858
-5,050
698
-lU
-91*6
-1*5
U,l*lt8
-7
62,955
61,587
55,707
11,812
-13.381
-12,997
-5,065
653
1*. 1*1*1
11,751*
862
60
-1,011*
68
108
1,862
-11*5
U16
-91*1*
1*9
-350
-221
138
-220
139
-35
20
-1*1
-llU
111*
1*32
1*78
-1*6
1950
i*,579
i*,587
-8
-268
-265
-1*97
-1*97
-1*63
-31*
-61*8
-6U5
-3
-90U
-900
256
-7
-6
632
1,007
-2
-2
9
665
1.026
11
666
1,027
-2
-2
190
363
-793
193
361
-796
-1*
-236
-238
.
April
May
June
630
1,007
-153
-1
July
August, . .
September,
180
335
-656
133
333
-3
-658
2
October.
-277
-279
,
1
-151
-3
•
2
2
1*2
11*1*
866
191*9
1950-Januai7. .
February
March
ftiaraD-
Public debt
-16
-3U
-19
-10
-28
137
-1*1
256
Honetaiy
IVittd
Other
2/
teed
securities 1/
(matured)
December 1950
17
DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
^
,
.
Ireasury Bulletin
1«
DEBT OUTSTANDING.
Table 5.- Interest-Bearing Securities Guaranteed by the United States Govemnent
(In BillllonB of dollars)
Nonmarke table
End of flsoal
year or month
ms
Ccmmodlty
Credit
Corporation
Federal
Farm
Morteage
Corporation
Federal
Bousing
Adninletratlon
I1I2
930
23
Ownora'
Loan
Corporation
Public
Bousing
Administration
Reconstruction
Finance
Corporation
Coanodlty
Credit
Corporation 2/
1,516
3,908
1,190
I1O9
^>>
3U
183
326
375
'•,092
Willi
19115
19I16
,
ltl2
2ll
1,533
755
lilt
896
68
150
375
Paeons tructlon Finance
Corporation
1/
115
176
li2lt
U67
k3
'.3
li2U
wut
83
38
38
"15
lt5
19118
19l»9
69
2k
IT
27
27
lt2
lt2
13
16
13
16
11
11
1
1
1950-January, ,
February,.
March
all
lit
lit
10
2U
21
15
15
15
15
10
6
10
10
April
May
June
19
18
17
15
16
16
15
16
16
lU
15
18
13
13
15
18
15
18
1950
July
August, .
September.
.
October,
,,
Source: Dally Treaeury Statement.
1/ Excludes guaranteed securities held by the Treasury,
2/ Consists of demand obligations stated as of the close of the previous
mDnth.
Consists of Reconstruction Finance Corporation notes Series X-A, X-B,
and X-C, vhlch were held by United States Goremment corporations and
credit agencies.
Less than $500,000,
Table 6.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
6
December
19 "yO
19
DEBT OUTSTANDINO.
Table 7.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollax amounts In milllonfl)
End of fiscal
year or month
)
Treasury Bulletin
20
STATUTORY DEBT LIMITATION,
The Second Liberty Bond Act, ae amended (5I U.3.C.
757 b), proTldee that the face amount of obligations Issued
and the face amount of
under authority of that act,
aggregate (275 billion outstanding at any one time.
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the ovmer,
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
are Included In the statutory debt limitation at current
redemption values.
Table 1.- Statue under Limitation, October 31, 1950
(In BllllOBU of dollare)
Mazlna aaount of aecurltles vhlch na/
of jMia 26,
19''6
(31
bo outfltandlng at any ODe tlaa, imdar llBltatloDa
l^oead hj tha act
275,000
U.S.C. 757 b)
Amount of aacurltlaa outstanding aubjaot to auch statutory debt llAltatlco:
U. S.
GcTomBant eeourltlee
Isatiod
2*^6 226
,^,<^<=
under the Second Liberty Bond Act, aa aaanded
22
Guaranteed aecurltiee (excluding thoee held by the Treaaury)
Total aaount of aec\n*ltlea outetaodlng aubjeot to atatutory debt limitation
•
•
•
18,752
Balance laauable under limitation.
Source;
256,21*8
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding October 31, 1950
(
Claaa of security
In allllone of dollars
December 1950
21
DEBT OPERATIONS.
Table 1.- Maturity Schedule of IntereBt-Bearlng Public Marketable Securities
Issued by the United States Government
and Outstanding October 31, 1950
^
22
Treasury Bulletin
DEBT 0PERATI0K3.
Table
1.-
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding October 31, 1950 J^ (Continued)
December 1950
23
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
Treasury Bulletin
21*
DEBT OPERATIOKS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes*
and Certificates of Indebtedness
December
19
W
25
DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
Besults of exchange offers
Called or naturln^ security )/
Iste of
refunding
or retireBent
Date of
Iseu*
Description
Disposition offers
tl7 Treasury
ioount
outstanding
ent
(In
7/1A8
7/8*
l/St
7/Sf,
Cortlfloate
Certificate
Certificate
-
l/l/kB-t
7/1/I-7
2,71.2
-
7/l/'>8-0
7/l/lt8-H
8/1A7
9/1/1.7
1,127
2,209
-
Total
9/15/W
6,078
2-1/2* Bond
1-1/2* Note
1*
10/1/1.8
lit
1*
Roto
Certificate
Certificate
9/l5/li8..
9/l5/li8-A
3/15/38
3/15/W.
-
10/1/U3-B
9/15A7
l.,092
-
IO/1A8-J
-
10/l/l8-K
10/1/1>7
11/1/1.7
1,351.
1,1.67
-
Total
12/15A8
1/-LM
1.51
3,7U8
6,913
Bond
-
12/15A8..
12/8/39
571
1-1/8* Hote
1-1/^ Certificate
-
1/1A9-A
12/1/1.7
-
1/1/U9-A
I/1/U8
3,535
2,592
2*
Total...
6,127
2/lA9
1-1/8* Certificate
-
2/1/U9-B
2/1/1.8
2,189
3/l/l»9
1-1/8* Certificate
-
3/l/l»9-C
3/1/1.8
3,553
U/1/1.9
1-1/8* Certificate
-
U/l/Ug-D
I./1/U8
1,055
1-1/^ Certificate
-
6/I/U9-B
6/1A8
l.,301
Bond
-
6/15/1(9..
1/15A2
1,011.
1-1/8* Certificate
-
7/lA9-r
7/1/1.8
5,783
Bond
-
9/l5/l>9..
5/15/1.2
1,292
10/l/lt9-O
10/1/1.8
6,535
I2/15/U9-H
6/1A9
2*
Total
7/l/'t9
2*
10/1A9
5,315
l-l/li* Certificate -
1-lA*
Certificate
Bond
Bond
-
I2/15/I19..
-
2-1/216
BoM
12/15 A9..
12/15/1.8
7/l5/'t2
12/15/3I1
519
2,098
3-1/^
I2/15A9
-
12/l5/li9..
12/15/36
1,786
2*
-
Total
1.91
U,89U
1/1/50
1-lA* Cortlfloate
-
I/1/50-A
I/1A9
5,695
2/1/50
1-lA* Certificate
-
2/I/50-B
2/1A9
1,993
1-lA*
-
3/1/50-C
3/1/1.9
2,922
-
10/19/1.2
-
3/15/50
U/1/50-A
1,963
3,596
"./i/so
Cash
retlre-
Certificate
Bond
2*
1-3/8* Bote
9/I5A8
Total
5,559
"•/i/so
1-lA*
Certificate
-
lt/l/50-D
I./I/U9
963
6/1/50
l-l/U* Certificate
-
6/1/50-E
6/1/1.9
5,019
7/1/50-F
7/1A9
9/I5A9
5,601
1-1/1>* Certificate -
1-1/8* Certificate
2-1/2* Bond
Bond
2lt
9/15/38
-
9/15/50-0
9/15/56-52
9/15/50-52
1./15/I.3
1,197
1,186
.,939
-
-
Total
7,322
10/1/50
1-1/8* Certificate
-
IO/1/50-H
10/1/1.9
6,21.8
12/15/50
1-1/2* Bond
1-1/8* Certificate
-
12/15/50
I/I/5I-A
6/1A5
-
2,635
;,373
Total
.-.
1/1/50
8,008
Xzehanee
eecorltj
offered
llllons of dollars)
*
Turned In for cash
changed
federal
Reserre
Banks;/
other
Investors
Dsaerlptlon of nav
oaeurlty offered
?6
Treasury Bulletin
UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered for
sale In March 1935 and began to mature in March 1945.
Series A-D ^ere sold from March 1935 to April igl*^!.
and dollar sales by States are published at less frequent
Intervals but are shown on a monthly basis.
have been on sale since May 1, 194l.
Series A-F sales are shown at Issue price and total
For Information on the terms and oondltlons of these bonds,
redemptions and amounts outstanding at current redemption
values.
Series Q Is shown at face value throughout.
Series
E,
F,
and
see "Treasury Bulletin" Issues for December 19^7, page 3I
and October 191^5, pages A-k and A-5.
In addition to the Information on savings bonds
operations which appears each month, data by denominations
Matured bonds which have been redeemed are Included In
r«demptloms. Matured bonds outstanding are Included In
the Interest-bearing debt until all bonds of the series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through October 31, 1950
:
:
:
. ..
. .
December 1950
27
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods
(Id mllllonB of dollars)
Accrodd
discount
Period
Redemptloofl 2/
Sales plus
accruad
discount
Sales
price
^
Amount outstanding
Accrued
discount
Matured
de^t
Interesttearing debt
risoal years:
1935-19''2
2ll6
"1,195
92
96
103
106
19't9
92
96
103
106
107
110
101
1950
3, 91*9
19l»3
19U1
W"*?
191^
19lt7
591
88
79
572
82
19
6
72
11*3
117
309
21*2
8
25
67
1*82
68
19l<5
19lt6
m?
X9k%
191*9
637
615
91.
100
105
81
78
226
390
71*
100
105
107
109
108
86
3,91*9
19^^
19UU
l*,2U0
91.
Calendar years
WSS-ltS
1,081
370
393
530
812
291
191*8
107
110
101
68
107
109
108
86
516
703
113
123
172
269
3,601*
18
1*0
59
73
92
22
7
8
70
3,608
3,625
3,585
3,365
2,968
2,51*3
1,927
895
3,603
3,616
3,638
1*81
179
302
367
576
83S
631
87
Ul.
139
207
168
97
98
56
32
32
150
129
116
1,280
1,178
1,065
107
99
92
1,000
939
895
87
81
77
850
796
759
72
710
1.7
1.36
1*1
87
122
2,71*2
11*6
2,250
203
1,1*1*0
3,1*77
3,lli8
Months:
1950- January..
February.
March..
11
6
11
6
U
221*
I*
April....
3
2
3
77
71
58
19
2
51.
16
3
3
53
1*0
13
5
5
56
1*2
I*
1*
6U
1*7
2
2
1*2
31
.
May
June
July
August,
September
.
129
130
October.
1.1
II*
1
)
17 P
p
U
15 P
Series E, F, and C
Fiscal years
191*1
661.
191*2
191*3
5,993
11,789
191*1.
15,1*98
36
127
191.5
11*, 891
281.
191*6
9,612
7,208
6,235
1.67
19''7
191*8
19I19
2
583
691.
826
977
7,11.1
1950
5,673
66U
5,995
1
1
661.
75
760
2,292
75
760
2,296
l.,156
l*,13l.
6,1.08
6,337
1
6,581.
17,61*8
6
30,981
5,063
l*,95l*
21
71
109
1*2,000
1*5,670
1*8,398
'*,597
l.,365
l.,l*53
11*1*
l.,191
171*
50,730
51., 333
l*,3l*2
••,133
209
56,6m
23,71.6
5,91*1
l.,522
2
12
39
97
123
1*,1*0U
161.
1*,077
186
52,801
55,267
377
272
361
17
289
380
506
335
383
U03
318
362
383
17
21
20
11,821*
15,625
15,175
10,078
7,791
6,929
7,967
6,650
Calendar years
I9I.3
2,537
9,157
13,729
191*1.
16, Old.
I9I.5
12,937
191*6
7,1.27
6,691.
191*1
191*2
191*7
I9I.8
2,537
9,169
21*6
21.5
71*
13,801.
1,501*
195
379
533
633
16,239
13,315
7,961
7,327
8,059
6,729
1,502
3,251
5,293
7,295
5,833
April
May
June
98
68
521*
82
805
6U9
607
71.
1.97
78
108
1*91.
398
July
August. . .
September
Oc tober ,
707
581
1*23
Months:
1950- January. ..
February.
March
761*
1*16
191*9
109
78
85
1*17
.
,
Footnotes at end of table.
350
310
971
y
2,521*
ll.
12
ll*
3,263
5,332
6,038
1*,6U5
l*,568
l*,263
39I.
11,1.1.7
16
19
36,723
Uii,706
1*6,628
1.9,311
55,079
56,039
56,266
56,1*27
56,539
56.6U1
526
l>k9
1*28
1*29
U73
1.1.5
21
28 p
56,671*
395
1*33
1*09
23 P
56,637
1,01*8
UUO
1*13
27 P
57,21*5
(Continued on following page]
56,718
.
:
,
2S
Treasury Bulletin
UKITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, B, F, and G by Periods - (Continued)
(Dollar MSBBta 1b llllsai)
S&Ul
3*1»« 1/
Accrued
dlseoBAt
BadsaptloB 2/
plai
coxvad
Sal<i
prlc*
dlBCOOBt
AdOonad
dlaeoomt
Sanaa X
riacal yaara:
I9IH
19U2
19^3
19IA
203
19U6
3,526
8,271
11,820
11,553
6.739
19'»7
^287
IShi
",026
I9't9
'*,278
1950
3,993
19^
1
33
118
26s
l»3U
536
633
753
895
203
3,528
-
60
689
2,100
11,938
11,818
7,173
3>6
60
683
2.095
3.825
5,912
5.8'»3
lt,g24
''.391
'»;659
3.825
3,530
3,521
(,288
3,689
3.368
3,326
8(3*
5.032
Calagdar yaara:
igltl
l.lUs
5,989
I0,3i«
12,380
9.822
191*2
19»t3
19lW
i^:::::::::::
it,U66
19'*7
I9itg
u.ogs
19^9
U,208
U,22>t
l,ll»5
10
70
182
?53
&93
579
696
818
5.'«3
3.930
3.728
11
209
1.37s
2.993
',925
5,330
3.8I3
3,575
3.W«
3,27'»
320
22U
309
305
209
WtO
37'*
275
259
S93
315
368
3*8
367
io|5iU
12,562
10,175
I'M
u,9ao
5,025
11
209
1.380
'i.963
Mentha
1950- January..
ftTimary.
March
190
36>t
88
63
77
305
307
297
69
73
98
July
August. .
September,
318
270
2W.
98
73
l»l6
79
323
October.
271
72
3l'3
.
iprll....
MV
Juaa
,
.
361
U2l»
380
396
292
326
360
33''
P
Aaoont
oatataadiDf
(lotaraatburloc dabt)
Paroaat of Boathly
radaaptlooa
to aaouat
outataadinc
.
.
,
December
19'yO
29
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods
-
(Continued)
(Dollar aaounta In nlUlomi)
Sales 1/
Accrued
dlBcount
Salee
plus
accrued
discount
Bedenptions 2/
Sales
price
Accrued
discount
Amount
ottte tending
( Interestbearing debt)
Flecal years:
19'»1
19lt2
1
1
39"t
12
55
12
55
2,1.11.
395
2,032
2,759
2,876
2,658
395
2,032
2,759
2,876
2,658
220
220
2,li65
2,1.65
31.8
31.8
1.69
566
1950
l,Ult9
2,561
1,907
2,390
1,W.9
1.69
wkg
2,561
1,907
2,390
619
621
566
619
621
1,185
2,516
29
,
,
ms
19W1
19't5
19lt6
,
19'»7
,
19U8
Calendar years:
igkl
13"t
S
89
181
2
29
89
181
261>
261.
1.26
512
U26
512
618
618
613
613
1,185
2,516
2,6U0
2,891
2,520
2,637
2,267
2,573
1,392
2,891
2,520
2,637
2,267
2,573
1,392
1950-Januai7. .
February..
267
189
267
189
57
57
1.8
U8
March
13".
53
53
April
Hay
June
102
92
86
102
92
86
Its
1.5
53
52
53
52
87
70
58
87
60
59
65
60
70
5B
555
60
60
19li2
19''3
19Wi
WUS
WW
19''7
19118
19'»9
2,61.0
Months:
July
August. . .
September.
October.
.
555
y
59
65
Percent of monthlj
redenptlone
to amount
outstanding
)
Treasury Bulletin
30
TREASURY SAVINGS NOTES,
Treasury savings notes (originally designated tax
Report of the Secretary of the Treasury" for 19^2, pages
Series A
207 and 220, and for sales and redemptions by fiscal yesu-e
savings notes) have been Issued In four series:
from August 1, 194l, through June 22,
19't-3;
Series B from
and months,
August 1, 194l, through September 12,
19')-2;
Series C from
pages
September Ik,
19't2,
k-2
and
see "Treasury Bulletin" for February 19'*6,
'^3.
through August 3I, 19^8; and Series D
on continuous sale beginning September
1,
iglJ^.
In the following tables sales and redemptions of
Details
concerning terms and conditions for purchase and redemp-
Treasury savings notes are shown at par value.
tion, and Investment yields of Series D notes will be found
notes redeemed (either for cash or for tax payment) are
and
included In the figures on redemptions. Matured notes
outstanding are reflected In the Interest-bearing debt
In the "Treasury Bulletin" for October
September
I'^k'),
page A-1.
igl^S,
page A-1,
Similar Information concerning
Matured
Series C notes will be found in the "Treasury Bulletin" for
until all notes of the series have matured, when they
pages A-4 and At5For details concerning
terms and conditions, investment yields, and tax payment
or redemption values of Series A and B, see "Annual
transferred to matured debt upon liilch Interest has ceased.
October
19'+5,
In accordance with the practice of the Dally Treasury Statement.
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through October 31, 1950
(
Series
are
In mlllione of dollars
December
\9'yO
31
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In
End of
fiscal
year
or month
minione of dollare)
Treasury Bulletin
32
OWNERSHIP OF FEDERAL SECURITIES,
Table 3,- Estimated Ownership of Federal Securities by Bank
and Nonbank Investors
(Par values 1/
End of
month
-
In billions of dollars)
-
December 1950
33
.TREASURY SURVEY OF OWUSBSHIP, SKPTKMBH? 30, 1950.
The Treasury Survey of Ownership oovera securities
Issued by the United States Government and by Federal
The banks and Insurance companies Included
agencies.
In the Survey account for approximately 95 percent of
such securities held by all banks and Insurance companies
Data were first published for
in the United States.
March 3I, 19'4-1, in the May 19^1 "Treasury Bulletin".
Section
I
Information on the distribution of ownership by types
of banks and Insurance companies Is published each month.
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank classes and nonmember banks is published for June JO
and December Jl.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
Treasury Bulletin
3"^
.TKEASURY SURVI^f OF OWNERSHIP, SKPTKMBKR 30, 1950.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.
-
Interest-Bearing Public Marketable Securities by Issues
(Pax values
Issue
(Tax status 2/ Is shown in parentheses)
-
in mllliona of dollars)
December 1950
35
.TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1950.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
Issue
(Tax statue £/ Is shown In parentheses)
-
In mllllona of dollars)
-
(Continued)
Treasury Bulletin
36
.TREASURY SURVEY OF OWSERSHIP, SEPTEMBER 30, 1950.
Section
II
Interest-Bearing Securities Issued by Federal Agencies but
not Guareinteed by the United States Government
(Par values
iBHue
(Tax statue £/ is shown In parentheses)
-
In millions of dollars)
December
WyO
37
,
MAKKET QUOTATIONS, OCTOHEK 31, 1950.
Market quotations shown here are over-the-counter
closing quotations in the New York market for the last
trading day of the month, as reported to the Treasury by
the Federal Reserve Bank of New York.
listed in Section
I
The securities
include all public marketable secu-
rities issued or guaranteed by the United States Govern-
ment except those not regularly quoted In the mcu-ket.
The issues excluded are postal savings bonds and Federal Housing Administration debentures.
The latter are
Section
I
-
the only public marketable interest-bearing guaranteed
securities outstanding.
Section II lists the public
marketable securities issued by Federal agencies but
not guaranteed by the United States Government.
Daily
quotations for the securities listed in Sections I and II
are published monthly in the Treasury Department statement, "Prices and Yields of Public Marketable Seourltles
Issued by the United States Government and by Federal
Agencies".
Securities Issued or Guaranteed by the United States Goveminent
Table 1.- Treasury Bills (TaxableJ
Aaount
out-
standing
(HlUlOnii)
Treasury Bulletin
38
MARKET QUOTATIONS, OCTOBER 31, 1950.
Section
I
-
Securities Issued or Guaranteed by the United States Goveminent
Table 3.- Tax-Bxeapt Bonds i/
(Price decimals are 32ndB}
Amcunt
outBtandlne
(Millions)
Decent her 1950
39
MARKET QUOTATIONS, OCTOBEP 31, 1950.
YIELDS OF
TREASURY SECURITIES. OCT
Based on Mean
of Closing Bid
31.
and Ask Quotations
1950
.
.
.
.
m
treasury Ballet.
1^0
YIELDS OF TREASURY AND CORPORATE BONDS.
Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per annum)
Partlallj-
Taxable
tax-exempt
Treasury
Treasury
bonds l/
bonds 1/
Partially
tax-exempt
Treasury
bonds 1/
Highgrade
corporate
bonds
Annual series
1935
1936
1937
1938
19Wi-Jan
Fob
Mar
1.95
1.93
1.91
193''
1.9lt
calendar year averages of monthly series
2. Ill
19'i8.
19't9.
2.31
19''2.
191.6-Apr..
2.I48
2.61.
May..
June.
2.08
2.19
2.16
2.37
2.W*
2.U2
191.8- July.
2.li9
2.65
2.65
2.61
2.58
2.58
July.
Aug..
Sept.
2.18
2.23
2.28
2.I1I
Oct..
Not..
Dec..
2.U5
2.W.
2.W.
2.59
2.57
2.55
Oct..
Not.
Dec.
2.26
2.25
2.51
2.51
2.55
19119- Jan..
Feb..
Mar..
2.U2
2.39
2.38
19J.7-jan..
2.21
2.21
2.19
2.U8
Apr,.
May..
June.
2.38
2.38
2.38
July.
Aug..
Sept.
2.27
Oct..
Not..
2.22
2.20
2.19
2.I19
M
.1.9
Sept....
2.lt7
Oct
Not
Dec
1.93
1.90
1.37
2.I18
19li5.j8n
1.81
1.75
1.70
2.U1.
1.68
1.68
2.26
2.05
2.09
1.98
1.92
19'>3.
19Wi.
.U9
.1*8
2.U8
2.I18
-
2.U7
2.U8
2.2lt
Feb..
Mar..
2.58
2.56
2.51
Apr..
May..
June.
2.39
2.39
2.35
2.U9
2.53
July.
Aug..
Sept.
2.25
1.68
1.68
2.3U
2.36
2.37
2.53
2.56
2.56
Oct..
Not..
2.35
2.33
2.33
2.511
2.21
2.12
2.09
2.U3
2.36
2.38
2.U0
19l»6.
2.61i
2.U1>
2.60
averagea of dally series
.
2.55
2.61 2/
2.59
2.li6
1.62
1.56
1.51 1/
Feb
Mar
2.37
2.19
2.25
3.19
3.27
3.12
1.91
Aug
19l'7.
19ltl.
1.39
1.90
1.93
. .
1.66 1/
2.92
2.77
2.67
2.75
3.lt6
1.911
July....
Taxable
Treasury
bonds 1/
1939.
WltO.
Monthly series
Apr
May
June .
Partially
tax-exempt
Treasury
bonds 1/
Highgrade
corporate
bonds
U.38
3.93
3.31
3.12
2.79
2.69
2.7U
2.6l
1933
-
Taxable
Treaflury
bonds 1/
2.1*
2.50
2.1.8
2.I19
2.1.9
2.UI1
2.I15
Aug..
Sept.
i/
2.U9
2.50
2.1.5
2.21.
2.22
.
. .
Sept.
1.63
1.63
July
Aug
.
..
Oct
Not
Dec
19W-Jan
Feb
Mar
Dec.
2.27
2.36
2.39
2.68
2.75
2.86
1950- Jan.
Feb..
Mar..
19U8-Jan..
Feb..
Mar..
2.U5
2.U5
2. 35
2.81.
Apr..
May..
a.w
2.31
Juzte.
Apr.
May..
June.
2.51'
2.21t
2.2li
2.51
2.51
2.57
2.Uli
2.77
2.71*
2. Ill
2.73
July.
Aug..
Sept.
2.31.
2.U2
Oct..
Apr
May
June
2.38
Dec.
2.511
2.511
2.35
Weekly aeries
1950-May
6.
13.
20.
27.
June
3.
2.30
2.30
2.31
2.31
2.57
2.57
2.57
2.58
2.31
2.32
2.32
2.3U
2.58
2.59
2.59
2.59
-
1950- July
1.
8.
2. 31.
15.
22.
29.
2.31.
2.3U
2.3U
2.3U
2'',
5.
2.31.
12.
19.
Aug.
2. 31.
2.32
Dally series
1950-Oct.
2,
3.
1.,
5.
6,
7.
9.
10,
11,
2.37
2.38
2.37
2.37
2.37
6/
2.6U
2.63
2.63
2.62
2.63
2.63
2.38
2.38
2.38
2.63
2.6U
2.61.
2.2I.
2.27
2.30
2.31
2.33
2.33
2.36
aToragea of dally series for veeks ending
26.
10,
17,
2.20
2.3I1
-
2.60
2.61
2.62
2.62
2.60
1950-Sopt.
Oct.
2.
9.
16.
23.
30.
2.33
2.35
2.37
2.37
2.37
7.
2.37
11..
21.
28.
2.59
2.58
2.56
2.57
2.38
2.39
2.38
23.
2U.
25.
26.
27.
28.
2.38
2.3s
2.39
2.39
2.38
6/
30.
31.
2.39
2.39
unweighted aTerages
1950-Oct. 12.
1950-oot.
^
2.e
13.
lU.
2.3
16.
17.
18.
19.
2.38
2.61.
2.38
2.39
2.39
2.39
6/
2.65
2.65
2.65
20.
21.
Treasury bonds lix;luded In the aTerages, beginning vlth December 1935,
are those neither due nor callable for fifteen years. Prior to that
time, for years shown In this table, the bonds Included were neither
due nor callable for twelve years. For a discussion of the composition
of these averages, see the "Treasury Bulletin" for March 191.1., page 58;
for the compoeltlon of the hl^-grade corporate bond average, see the
"Treasury Bulletin" for July I9I.7, page 59, and January 19115, paeo 56.
Treasury bond yields are computed on the basis of the mean of closing
bid and ask quotations In the over-the-counter market as reported to
the Treasury by the Federal Reserve Bank of New York, beginning
September 2, I9I.I, Prior to that time, yields were computed on the
basis of closing prices on the New York Stock Exchange, except that on
days when an Issue did not sell the yield was computed on the mean of
closing bid and ask quotations on the Exchange. Corporate bond yields
are computed on the basis of closing prices on the New York Stock
Exchange and the New York Curb Exchange; on days when an issue does not
eell, the price of the last preceding sale Is used.
'6/
1/
2/
^
U/
^
6/
2.61.
,
2.662/
2.67
For definition of taxable and partially tax-exempt bonds, see footnotes to the "Treasury Survey of Ownership", In this Issue of the
"Treasury Bulletin". The partially tax-exempt average was discontinued on December 15, 191*5, because there were no longer any
bonds In this category with fifteen or more years to maturity or
first call.
Average revised beginning November 1, 191*1*. Old aTerage for
NoTsmber 19UI. was 2.565^.
ATerage reTlsed beginning April 1, I9I.7. Old aTerage for April 191.7
was 2.1.716.
As of December 21, 191*9, the Consolidated Gas Electric Light and
Power Company of Baltimore 2-3/l.'a of I981 were dropped from the
aTerage, having been called.
As of October 20, 1950, the Standard Oil Company of California
2-3/1. 's of 1965-66 were dropped from the average, having been called.
Market closed.
December 19^0
ki
YIELDS OF TREASURY AND CORPORATE BONDS.
o
00
O
CM
If)
•
0)
o
z
o
m
UJ
a:
o
Q.
a:
o
o
>a:
o>
0) ^
<<n
a>
UJ C
rr ^
UJ
CD
U.
o
o
_J
UJ
>UI
CD
<
q:
UJ
F
a
o
u>
lO
Treasury Bulletin
kz
INTERNAL REVENUE COLLECTIONS.
Table 1.- Sumniary by Principal Sources
-i^
December 1950
•^3
INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS"
"DOLLARS
Billions
Billions
Total
1936
'38
'40
42
'44
'46
OtfiCB of the Secretory of the Treosury, Office of the Technicol Staff
'48
'50
1936
'38
40
'42
'44
'46
'48
'50
::
Treasury Bulletin
kk
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax ^
(In thousands of dollars)
First
Fiscal year
Type of tax
19U9
Incone and profits taxes:
Individual
Withheld by employers
Other:
Current 2/
Back
10,055,502
7,363,329
632,991
Total individual Income taxes
Corporation:
Inccmie taxes:
Current 2/
Back
18,051,822
10,50U,602
^
838,01*2
Excess profits taxes:
Declared value 2/
Eevenue Act of 191*0 hj.
Army and Navy contracts ^/
16,233
19U,U95
297
Total corporation income and profits taxes
11,553,669
Total Income and profits taxes
Employment taxes:
Social security taxes:
Old-age insurance
ttoemployment Insurance
Total social security taxes
Ballroad retirement
Total employment taxes
MlacellaneouB internal revenue:
Capital stock tax 6/
Estate tax
Gift tax
Liquor taxes:
Distilled spirits (imported, excise)
Distilled eplrite (domestic, excise)
Distilled eplrlta, rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc, (domestic, excise)
Dealers in distilled spirits; rectifiers;
facturers of stills (special taxes)
Stamps for distilled spirits Intended for
Caee atampe for distilled splrite bottled
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers In malt liquors (special
manuexport,
in bond
taxes).
Total liquors taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing emd smoking)
Cigarette papers and tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
Stamp taxes
Bonds, issues of capital stock, deeds of
conveyance , etc
Transfers of capital stock and aimllar interest
sales
Playing cards
Silver bullion sales or transfers
Total stamp taxes
,
,
,
,
,
,
,
1950
months of fiscal year
3
1950
1951
Third month of fiscal year
1950
1951
(Septemher 19^9) (September 1950)
)
:
December 1950
'^5
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax(
In thouaande of dollars
Fiscal year
Type of
Miscellaneous Internal revenue (continued):
Manufacturers* excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Electrical energy
Electric, gas, and oil appliances
Electric light bulbs and tubes
Eadlo sets, phonographs, components, etc
Phonograph records
Mus leal instruments
Mechanical refrigerators, air-conditioners, etc..
Matches
Business and store machines
Photographic apparatus
Sporting goods
Firearms , shells , and cartridges
Pistols and revolvers
'
excise taxes
Petallers* excise taxes:
Furs
Jewelry
Luggage
Toilet preparations
Total re tailers
*
First
3
monthe of fiscal year
Third month of fiscal year
taoc
1950
191*9
Total manufacturers
(Contlnued)
exc ise taxes
Miscellaneous taxes
Sugar Act of 1937
Telephone, telegraph, radio, end cable facilities
Local telephone service
Transportation of oil by pipe line
Transportation of persons , etc
Transportation of property
Leases of safe-deposit boxes
Adjnieslona to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Bowling alleys , pool tables , etc
Coin operated devices
Adulterated and process or renovated butter, and
filled cheese
Oleomargarine, Including special taxes J_/
Narcotics, including marihuana and special taxes.
Coconut and other vegetable oils processed
National Firearms Act
All other, Including repealed taxes not shown
separately
Total miscellaneous taxes
Total miscellaneous internal revenue
Total internal revenue collections
Adjustment to Daily Treasury Statement
Total receipts from internal revenue (Dally Treasury
Statement)
81,760
503,6117
150,899
136,797
332,312
120,138
79,3't7
80,935
26,172
1(9, 160
6,U83
9,293
77,833
8,738
1950
77,610
526,732
151,795
123,630
1*52,066
88,733
85,701*
80,1*06
20,726
1*2,085
5,769
8,865
61*, 316
10,379
810
8,875
30,012
39,931
18,969
9,351
U81
1,771,533
1,836,053
33, S"*"*
1*3,11(0
19,81(6
61,91*6
'45,781
210,688
82,607
93,969
190,820
77,532
lili9,211
1*09,128
9l»,995
311,380
71,188
312,339
221*, 531
21*7,281
19,325
251,389
337,030
9,U6l
18,919
228,738
321,193
385,81.3
''8,857
371,2'*'*
76,171*
27,790
3,805
21,088
9,55't
Id, '•53
28,71*0
3,608
20,171*
21
12
17,5'tl
29,297
867
15,857
815
17,1*60
11
7
273
1.37
1,752,792
8,381,515
1*0,1*63,119
-155,331*
1*0,307,285
1951
1950
1951
(September 19U9) {September 1950)
Treasury Bulletin
iv6
MONETARY STATISTICS.
Table 1.- Money In Circulation
(In DllllonB of dollars except aa noted)
Ei^ of flooal
year or aonth
December 1950
^1
MONETARY STATISTICS,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounta In milllone)
U
,
,
u
Treasury Bulletin
ks
MONETARY STATISTICS.
Table 4.- Conponents of Silver Monetary Stock
(InKllllans of dollars)
Silver held In Treasury
End of oalenlar
year or Mmth
In General Fund
Securljag ellTsr certificates 1/
SllTer
bulllan 2/
Silver outside
Treasuz7
surer
3u)>sldlai7
dollars
coin 2/
Bnlllcn for
recolBfl^
^
dollATB 1/
Suheldiary
coin i/
69..7
"•,207.3
771.6
8k6.7
901.1
928.7
3,870.6
3,512.8
971.5
982.2
3,596.7
9">.">
165.0
171.0
13.0
15.0
15.7
93.5
93.8
9^.1
171.0
171.1
171.2
982.
982,
983.
3,61*5.8
321.6
320.9
319.8
15.7
97.1
96.9
97.6
171.2
171.7
172.7
98^.
986.
3,66o.li
10.
991.2
3,666.1
3,671.5
2,026.7
2,029.7
2,032.8
318.8
317.5
316 .*
8.3
10.3
8.9
98.2
98.0
97.5
173.7
175.0
176.6
993.8
996.*
1,002.6
3,676.3
3,680.9
3,685.8
2,036.0
315.9
5.8
97.9
176.7
1,008.
3,692.5
19*8
19*9
1,971.5
2,003.2
328.1
321.9
5.9
March
2,006.5
2,008.3
2,010.9
321.8
321.8
321.7
April
Kay
June
2,013.U
2,018.9
2,022.8
July
August. ...
September.
October p.
1950- January,.
?ebruary,,
surer
at cost 3/
96.8
117.5
137.5
150.1
156.3
Ik.k
12.5
10.2
lU.O
li.1
1,520.0
1,520.1
1,703.9
1,911.2
1,937.6
ItOO.U
19**
WliS
19"^
19*7
19''3
BuUlcn
Total
silver
ht 1.29+
per fine
ounce
376.5
356.1.
3''3.1'
337.2
19.1
551.8
.1
185.6
93.1
91.1
"105.6
89.3
lli.S
Source; Circulation dtatanent of U. S. Money; Dally Treasury Stateaent for
certain preliminary figures.
1/ Valued at $1,29+ per fine ounce,
2/ Includes silver held by certain agencies of the Federal Govemnent (see
Dally Treasury Statement for amount). Does not Include silver lendleased to foreign govemaents (these transactions all took place during
the fiscal years 19U2 through 191*6; see 191*6 Annual Report of the
2j
U/
p
•
3,51't.2
3,5''7.9
3,61>3.1
3,6U9.2
3,652.9
Secretary of the Treaaul? for amouats).
Valued at $1.38+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion le held for recolnage of subsidiary
silver coins or for recolnage of standard silver dollars,
Preliminary,
Less than $50,000.
Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices^
(In inn.T1nns of ounces or dollars)
Calendar year
or month
Silver
production in
IMited States
Silver aoioisltions by mints and assay offices
Ifevly
mined dconeetlc
Foreign sllvsr
liver 2/
^
191*3
1*0.8
35.7
5.5
•
3.9
•
5.5
I9W*
191*5
29.3
.9
.6
.9
ig"**
19'*7
21,1*
1*.9
36,1
30.3
19"*8
36,1
191*9
3l*,6
36.8
33.0
33.3
29.9
3.0
2.5
3.7
2.0
2.6
2.8
1.8
2.U
2.5
1*.2
6.3
5.2
l*.l*
1*.0
June ..,,,,
3.9
2.7
1*.2
3.8
July
l*.l
3.7
3.6
3.5
3.3
3.2
3.2
1950- January...
Fsbruary..
March
April
May
August. ,
September.
.
3.7
1*.2
l*.l*
V
27.1*
y
3.9
1*.9
,
30.3
it/
December
19 "yO
49
MONETARY STATISTICS.
Table 6.- Seigniorage on Sliver
(CuMulatlTe fron January 1, 1935
End of calendar
year or aonth
-
In mlUlans of dollare)
.
.
Treasury Bulletin
50
CAPITAL MOVEMENTS
Data relating to olf.lms on foreigners and liabili-
ties to forelgnere,
anfl
capital movemente between the
United States and foreign countries, have been
collected
the data for January I95O.
Attention
Is
called to the
fact that although the grand total figures on the revised
since 1935, pursuant to Executive Order 6560 of January I5,
reporting basis are reasonably comparable with those for
preceding months, data for individual countries in some
ai'3 Treasury regulations thereunder.
Information
covering the principal types of data and the principal
Instances are not comparable because of certain changes In
coverage and geographical classification.
193'*.
countries Is reported each month by banks and bankers and
This
The supplementary Information, contained in Section IV,
Information Is published regularly In the "Treasury
Is presented In three tables appearing at different times.
securities brokers and dealers In the United States.
Supplementary Information la published at less
Bulletin".
frequent Intervals.
Table 1 gives data by countries on short-term claims on and
liabilities to foreigners as reported quarterly by exporters,
All reports are made Initially to the
Federal Reserve Banks, which forward consolidated figures
importers, and Industrial and commercial concerns In the
to the Treasury.
United States. This Information was published for the first
time in the October 1949 Issue of the "Treasury Bulletin"
citizens) domiciled outside the United States,
as well as
and begins with data for September 30, 1946.
Table 2
supplies Information by countries on long-term claims on
and liabilities to foreigners as reported by banks and
International organizations, wherever domiciled,
created by
bankers in the United States.
The term "foreigners" as used In these reports covers
all Institutions and Individuals (Including United
States
This table appeared for the
treaty or convention between sovereign states. "Short-term"
first time In the December 1949 Issue.
refers to original maturities of one year or less, and
end of the calendar year beginning with 1942.
"long-term" refers to all other maturities.
A detailed
Data are for the
Table
3
gives Information on short-term liabilities to countries
basis of reporting,
not regularly reported separately by banks and bankers.
and derivation of capital movements figures appeared In
This table appeared for the first time In the April I95O
the April 1950 Issue of the "Treasury Bulletin", pages 50-52.
Issue. The data have been requested at Irregular Intervals,
Revised report forms and regulations became effective ulth
the earliest date being October I943.
discussion of the reporting coverage,
Section
I
-
Historical Summary
Table 1.- Net Capital Moyement between the United States and Foreign Countries
(In thouBande of dollare; negative flgurea Indicate a net outflow of capital from the United States)
Analysle of not capital moremont
Calendar year or month
Transactions
In domestic
securities
in:
Transactions
in foreign
securities
Net capital
moTenent
Short-term
banking funds
Brokerage
balances
1935-lH
5,35'>,071
3,770,922
100,870
626,731
855,548
19U2
19'>3
626,121
1,286,893
583,373
1,168,058
19Ult
U6l,35li
lli8,59lt
W"*?
1,074,375
1,216,303
3,513
13,372
8,529
17,794
46,599
27,767
210,735
-113,105
-7,364
77,696
93,496
-46,617
19U6
-793,324
334,163
£25,417
194, U58
-733,909
395,524
531,777
9,661
-11,318
-19,313
610
-334,203
-89,055
-192,215
75,203
265,127
39,012
-94,832
27,800
10O,li27
201,949
-692
-198
7,190
5,330
46,282
69,195
559
-5,364
-2,059
-2,464
-273
-1,172
45,164
35,157
78,826
91,267
135,346
34,915
19117
19't8
IS'i?
1950- January. ...
February ...
March
228,503
60,742 r
April
Hay
June,,
222,727
191,394
219,221 r
July
August p.
September
1/
90,8li5
.
.
p.
See Table 2, footnote 1.
76,161*
30,701
181,940
136,981
94,060 r
23,884
226,618 r 1/
U74;o88
111,354
308,350 r
332,929
p
r
Preliminary,
Revised
-106,160
106,255
-46,344 r
-4,936
24,620
48,394
-1,333
-53,341
-174,902
. .
,,
..
.
December 1950
51
CAPITAL MOVEMENTS.
Section
I
-
Historical Summary
Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of period In thoueande of dollars)
Short-term claims on foreigners
Payahlo
In
End of calendar
Tear or month
forel^
currencies
igus
2U6,673
257,929
3S9,69U
392,766
708,253
98,119
9''8,936
165,'»39
1,018,700
827,854
100,371
.
72li,826
.
670,618
87,230
82,019
61t8,72't
81t,790
6311,806
81,071
86,385
igiis
ig't'i
WliS
19lt6
igitT
igitS
is'o
1950-january. .
February ,
March
April
May
30,916
3'', 387
5U,603
July
August p. .
September p,
72,0ltB
foreign
currencies
l't3,709
137,l6li
11,205,389
5,3711,903
3,523,328
169,670
11,356,501
2lt5,010
5,596,775
6,883,068
U, 9116,6211
668,168
1,222,580
1,218,633
1,910,898
290,1(95
6,1180,262
11,693,911
292,866
361,197
222,719
1190,631
7,ll6,ltl9
557,132
llli,li7li
113,115
122,018
86,378
105, Uai
100,267
319,639
!i,
1311,1*12
Ret
Payable
In
Deposits
of
foreigners
Loans to
foreign
hanks
13,893
17,911
short- term
liabilities
3,958,716
5,u6,97li
5,267,081
6,li90,302
1,7115,722
U,809,2li5
2,257,510
li9,661i
6,167,1183
7,717,960
7,617,959
5,209,820
5,073,586
2,1.37,751
2,1.93,331.
70,389
51,039
6,699,260
6,790,105
523,122
7,723,001
5,122,li00
7,7lil»,957
5,131,066
2,553,036
2,567,88U
1.7,515
1.6,007
6,998,175
475,li81i
lilil,9l6
7,753,7611
It,
859,71111
2, Sill, 71.2
52,278
12ll,298
Ii29,li37
M
113,331
128,378
l|07,591
U21,70lir
7,921,786
8,031,268
8,175,271
5,052,025
5,110,129
5,293, lllO
2,815,082
2,866,233
2,831,639
511,679
511,906
50,li92
116,597
120,U9l»
1*32,837
8,211,833
127, Bill
109,972
1*511, li76r
8,li56,291r
211,250
107,9Ult
1137,660
8,99li,9ltli
2,92ll,227
5,232,0110
5,2li9,329 1/ 3,152,153 l/r
5,li91,017
3,1.51,31.1.
U0,80U
107,
669,928
692,289r
756,851.
1*911,331
Beginning In August data Include for the first time certain deposit
balances and other assets which had been hold In specific trust accoxints
but which had been previously excluded from reported liabilities.
1/
Payable In dollars
Payable In dollars
21,61ll
25,51.6
110,629
l»7,l489
607,307
<57,250 r
June
Short-t«rm llahllltles to foreigners
5,772,009
7,0711,339
7,105,0110
7,286,980
7,1.23,961
7, 518,02 Ir
55,566
7,51*1,905
511,809
7,761*, 002r
52,583
8,238,090
Preliminary,
Bevised.
Table 3.- Net Movement of Siort-Term Banking Funds
(In thousands of dollars; negative figures Indicate a net outflow of capital from the United States)
Short-term claljns
Calendar year
or month
Payable
Short-term liabilities
Payable In dollars
Payable In dollars
in
foreign
currencies
307,187
15,933
I9I.5
736,307
97,503
-11,256
-71,765
-63,072
I9I.6
-315,1.87
I9I.7
-2U0,683
1935-1.1
191.2
191*3
I9IA
191*9
1950- January,
6,li09
20,671
of
foreigners
U22,711
60,899
3,03l.,6l5
1185,870
1,179,311.
-20,216
-111,330
-19,Oli3
-32,506
7,llli
5,1511
-75,31.0
220,359
1,279,375
-50,630
-67,320
65,068
-219,372
26,773
-68,331
-10,li33
-3,1.71
-69,761.
190,81i6
191*8
Deposits
Loans to
foreign
banks
6,51.5
-1.5,1.85
-1.18, U22
636,207
138,1178
-200,136
-66,501
62,801
-100,001
601,51.1
266,156
385,365
551., 1.12
-3,91.7
692,265
-268,851.
115,381.
1«X3,575
-136,231.
-1611,651
511,788
I80,2lll
55,583
-37,51.2
-5,102
It, 018
3,730
3,905
funds
3,770,922
583,373
1,168,058
11.8,5911
1,216,303
15,083
9,035
20,725
-19,350
-733,909
201,9119
76,l6li
395,5211
531,777
90,81i5
96,907
April
May
June
102,12li
-28,791
105,01.2
1.8,811.
1,359
-8,903
1.7,638
21,956
8,807
8,666
-271,322
59,752
lit, 798
273,858
-3,52li
5,211
-2,771
13,918
,
23,571.
511,208
21,8911
. ,
February .
March
3,719
12,1.79
21,81.6
168,022
-26,660
51,151
181,9110
109,1.82
192,281
58,10U
2,li01
-5,311*
-2,280
10,967
227
136,981
-20,789
-15,0lil
-lU,113r
Ul.,003
183,
OU
-311,551.
-lt,ltll;
-9,li23
7,878
15,022
2,028
92,588
5,071.
27,1.90
-1*9,91*3
July
Augus t p
September p
.
r
-12,67"
-lU,lil7 r
-611,565
.
-10,225
-83,1109
33,568
-11,133
-19,211tr
16,816
2l*l,035r
-61,100
13,0561/
221,907i/>'
538,653
21.1,688
299,191
36,562
_L
1/
2,806,001
105,607
620, 88U
220,576
583,205
Payable
in
foreign
currencies
Net movement of
short-term
banking
See Table 2, footnote 1.
p
r
Prelljttinary.
Revised
-1,508
6,271
6,072
-2,226
30,701
911,06 Or
23,881*
226,6l8r
11711,088
,
.
r
.
Treasury Bulletin
CAPITAL MOVEMENTS
Section
I
-
Historical Summary
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousandB of dollars; negative flguree indicate a net outflow of capital from the United States)
Dameetlc bonds
Dameetlc atocke
Calendar year
or month
Purchases
S£LLes
Net
purchases
Purchases
Total
purchases
Sales
191>>A
U30,21i5 1/
8lil,6l0 1/
75, '•88
19lt,6l6
-'•2,977
21.1,299
19Wi
igu?
96,383
151,639
136,853
260,223
396,768 1/
161., 218
'•92, '•20
19"^
171, '•32
-3'', 579
2li5,311i
357,655
-97, '132
513,558
377,717
170,555
268, 2'A
393,390
19'»6
367,6119
U32,109
-6li,'i6o
1.11., '.70
681i,213
-269,7113
WkT
226,089
369,736
376,67l<
-150,585
igue
511»,059
-lUli,323
19l>9
35'»,085
375,303
-21,218
3'4.,805
28e,lil5
'•30,013
283 ,275
330,307
333,592
-117,892
96,1121
78'^,098
,
51., 632
52,386
17,667
3,08U
1»1,729
'•9,877
2,2lt6
-8,11.8
20,751
.
77, '•7'^
23,Olili
5't,'i30
55,668
59,226
-3,558
no, '•52
37,699
72,753
79,770
56,3U8
117,082
3li,28U
U5,li86
26,183
30,165
75,055
19't3
1950- January.
.
February.
March
20,895
'•8,773
J\ine
Julj
August p.
September p
'•9,095
-322
62,698
65,175
April
May
57,706
'•,992
6l,kOli
3,771
-265
-5,987
2, 106
51,585
51,850
113,680
5'^,667
52,265
.
1/
-'111,365 1/
50,159
117,836
161,882
7'»,9'H
Total
sales
Net
purchases
1/
138, 51'^
ll2,027
-95,65a 1/
25, 7^
70,7lili
-15,673
61,530
26,30li
91,532
20,51*9
'.2,132
11.1,333
32,809
9,322,066
260,601
392,938
8,695,335
650,1111
637,91*0
Net purchases
of domestic
securities
626,731
2lll,00S
'•6,599
365,171
1139,676
751,0'^5
27,767
210,735
-113,105
782,119
570, 89'^
1,116,322
-33'^,203
659,9'*9
652,151
81.1., 366
708,895
-89,055
-192,215
75,203
75,383
119,203
166,120
70,053
72,921
96,925
5,330
U6,282
69,195
128,5'^3
119,0'^6
83,379
83,889
182,257
103A31
169, U21
210,562
127,206
78,151.
91,267
75,216
92,291
135,3116
3'',915
U5,l61i
'
35,157
78,826
January U, 19110, through December 31, 19111; the breaicdown between stoclcB
and bonds la not available for earlier years.
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate a net outflow of capital f^om the United States)
Foreign stocks
Calendar year
or month
Foreign bonds
Net
purchase
1935-lil
n.a.
19'^2
Wl^S
n.a,
«'•'•
19l^5
23,278
26,601
37,328
19,791
22,078
5'*, 789
Wlte
65,2't7
65,610
iq'^7
19l^8
57,118
81,715
88,815
1*2,558
96,7101
19'^9
1950- January
February.
March
70,788
3,1.87
'.,523
-17,1.61
-363
Total
sales
Net purchases
of foreign
securities
U,008,lB8
220,533
3,152,6W
855,51.8
227,897
711,209
1169,6115
391,9'^9
2'^7,367
'•02,058
-7,36U
77,696
3Uo,863
821,183
715,859
293,336
Net
purchase
n.a.
n.a.
n.a.
n.a.
3111,262
372,158
225,289
318,113
31.7,269
88,973
-29,156
li90,U1.6
265,1190
1*116,367
755,936
658, 7UI
63U,289
2li,li52
-15,029
18,027
211,621
291,l.2li
321,2113
311, U70
-79,803
9,773
12li,li27
l'.,56o
Total
purchases
355, '•'•I
1110,058
93, '•96
-'•6,617
556,056
676,8U7
388,168
382,258
265,127
39,012
135,882
39,703
110,276
-106,160
106,255
-li6,3Ur
-911,832
27,800
12,589
13,986
11,1155
1,131*
5,lli7
17,133
131,972
-107,2911
29,722
8,839
30,86li
101,108
l'i5,958
13,58l^
13,291*
290
50,3118
96,982r
-1.6,6311
63,932
April
May
June
13,639
Ik, 299
15,65!
13,882
12,283
16,771
-2'i3
2,016
-1,120
25,193
IA,U32
76,876
29,886
21,828
27,362
-11,693
22,60l4
38,832
58,731
92,527
'13,768
311,111
-11,936
2li,620
1^,133
li8,39'^
July
August p.
September p
11,729
U,'*87
12,911
2U2
22,108
35,170
-1,333
235
13,1.07
79,8911
-53,3l^l
35,'i36
31,6'.5
-1,575
-53,576
-157,568
33,837
26,553
-17,33lt
23,683
66,983
189,213
li9,7'^7
22l.,61i9
-1711,902
. .
,
.
,
Not available.
Preliminary.
13,11*6
18,102
'•9,511^
December
19 "yO
53
CAPITAL UOVGUENTS
Section II - Sunmary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousande of dollan; negatlTB flgupoe Indloata a net outflow of capital fpoB th» United Statea)
Country
)
Treasury Bulletin
5^^
CAPITAL MOVEMENTS
Section II
-
Summary by Countries
Table 2.- Net Movement In Brokerage Balances and Long-Term Security Transactions by Foreigners
{
In thousands of dollars ; negative figures indicate a net outflow of capital from the United Stat«e or net sales by foreigners
CouniaTT
December \950
55
CAPITAL UOVEMENTS
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Foeltlon at end of month In thousands of dollars)
Country
Treasury Bulletin
56
.CAPITAL MOVEMENTS.
Section II - Smnmary by Countries
Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts
December
\9'yO
57
CAPITAL MOVEMENTS
Section III - Details for Month of July 1950
Table 1.- Ghort-Term Claims on Foreigners
(Posltlcn at end of nonth In thousasda of dollarv)
Country
1/
Beginning with March 191(7, Includoe balancee In accounts opened by
occupation authorities for foreign trade purposes.
Treasury Bulletin
5fS
CAPITAL MOVEMENTS
Section III - Details for Month of July 1950
Table 2.- Short-Term Liabilities to Foreigners
(Poeltlon at end of nonth In tbouaaDda of dollars)
Co<mti7
1/
Beglimlng with March 191*7, Includes bolancee In accounts opened by
occupation authorities for foreign trade purposes.
)
December 1950
59
CAPITAL MOVEMENTS
Section III - Details for Month of July 1950
Table 3.- Purchases and Sales of Lons-Term Securities by Foreigners
(
Country
In thousande of dollars
Treasury Bulletin
60
CAPITAL MOVEMENTS
Section III A
- Preliminary Details for Month of September 1950
Table 1.- Short-Term Claims on Foreigners
(Poelticn at ond of nooith In thouflasda of dollArs)
1/
Beginning with March 191*7, Incl'jdea balances In accounts opened by
occupation authorities for foreign trade purposes.
December \950
61
CAPITAL MOVEMENTS
Section III A - Preliminary DetallB for Month of September 1950
Table 2.- Short-Term Liabilities to Foreigners
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of September 1950
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
,
.
.
,
,
December 1950
63
CAPITAL UOVEIIENTS
Section
T
- 6ui>pleiiientary
Data by Countries
Table 2. - Long-Tera^ CI a Ins on and Liabilities to Foreigners Reported by Banks and Bankers
(Poeltlon at end of caloDdar year In thousanda of dollars)
ClaljBB on forelgnere
Llalillltlee to forel^^nere
Country
I9I17
igW
Europe;
United ElngdoB.
France
Belgium
7,550
Denmark
Finland
Oernmany 2j ,,,,.
36,257
, , ,
Nomay
,
Portugal
1,6511
27,1156
9,688
20,Wl7
U,985
Netherlands .
16,600
7,617
3,795
Greece
Italy
Luxembourg
15,000
2,012
11,985
,
Rumania
Spain
SVBden
506
Switzerland.
D. S. S. B...
YugoBlavla.
Other Europe,
17,050
1U,863
Total Europe.
113,561
90,916
Canada
10,li08
10, IW
Latin America:
Argentina.
Bolivia
Bralll
2,010
5,007
27,676
2,010
.
ChUe
Columbia. ..
Costa Blca.
Cuba
French West Indies and Guiana.
Mexico
5,7113
10,639
•,330
3,900
Netherlands West Indies and Surinam.
Panama ..............................
Peru
23,196
Venezuela
Other Latin America.
2
10,353
Total Latin America.
92,856
Aflla:
China and Manchuria,
French Indo-Chlna. .
Hong Eong
5,20U
India
British Malaya.
Japan
Nether lanls East Indies.
Philippine Islands
Turkey
Other Asia 2/
Total Asia
51
5,255
Other countries:
Australia
New Zealand
Egypt and Anglo-Egyptian Sudan.
French Morocco
Onion of South Africa
All other
Total other countries,
Onldentlfled
Grand total
L
222,080
lt,000
19,580
191*9
191.7
19U8
19U9
:
.
61
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
published In this Issue of the
Tables 3 ''"^
"Treasury Bulletin", are compiled from reports of the
agencies, adjusted by the Treasury Department.
Tables 1
and 2, giving the corresponding loan and balance sheet
data, were published In the November 195^ Issue.
Data relating to corporations In which the United
States Oovernment haa a proprietary Interest, direct or
Indirect, and to certain other business-type activities
''•i
of the United States Govemment are presented In a series
of four tables.
Table 3. - Income and Expense for the Twelve Months Ended June 30, 1950
(In thouaemde of dollars)
Corporat.LOns
Grand
total
Income
Sale of coimnodltles and auppliee
Sale of services
Rents and royalties
Interest and dividends:
Interest on loans
Interest on public debt obligations
Interest, other
Dividends
Guaranty and Insurance premiums
Other Income:
Gains on sale of fixed assets
Gains on sale of Investaaents
Gains on sale of acquii^3d security or collateral
Other
,6311,677
a,36it
82,659
Totta
corporations
Banks for
cooporatlvae
Commodity
Crodlt
Corporation
ExportImport
Bank of
Washington
Federal
Farm
Mortgage
Corporation
1,987
26,527
300
3,01*0
Federal
loan
banks
1,237,017
1,616, 191*
82,585
8,563
3,706
62,516
80,275
187,196
kO,285
17,380
llt,70l4
12,9li5
223,51^
ll>l,005
7,219
1,150
226
168
1,150
206
2115
37,l«58
36,91*11
1.8
11,215
15
2,511,79s
Total income
Federal
Deposit
Insurance
Corporation
2,llil.,622
10,003
1,256,275
62,531
360,5117
liU,968
Expense;
Cost of commodities and supplies sold
1,857,192
Direct operating costs
97,31*5
Interest expense:
101,21*7
On borrowings from the U. 3. Treasury
Other
36,278
Administrative expenses
11*0,671
Depreciation (not included in cost of sales or
direc t operating costs)
15,39'*
Grants, subeidies^and contributions:
22,1*12
Direct
Indirect
Guaranty and insurance losses
15,709
U8,6l6
Other expenses
Losses and charge-offs:
Loans charged off
35,21"*
Other assets charged off
7,863
Losses on sale of fixed assets
65,376
11*
Losses on sale of investments
Losses on sale of acquired security or collateral
3, 1*61
Direct charges to operating reserves
332
128
Other
T,''''3
998
11
592
7,31*0
5,771
1*3
120,Ult9
7
1*56
«
189
30
7
1U9,302
3,259
13,617
37
6,1*11*
1,1*21
6,236
1,326
10
183
515
l,l*9l.,25l*
1,81*2,535
5'*,5'*1
77,588
35,761
73,531
32,557 1/
12,578
123
15,283
865
7,691*
289
6
12,360
113
1,758
1,758
15,709
36,156
7,8
11*
1,069
301*
1,733
811
87
13,51*9
lU
532
30
2,1*1*7,251
Total expense.
Net income , or loss ( - ) , before adjustment of
valuation and operating reserves
553
332
30
2,172,897
3,551*
1,550,889
13,1*62
8,025
l,6Ul
8,085
61.,5U1
-28,275
6,1*5U
-29lt,6l5
1*9,068
11*1,277
1,618
5,532
200,083
60,121*
1,313
61., 1*80
1,132
1,757
-1,981*
-1,833
-113
-6
MJustzpents of valuation and operating reserves:
Beserve for losses
Reserve for losses
collateral
Beserve for losses
Beserve for losses
Operating reserves
Other reserves
on loans
on acquired security or
-11,1*27
on fixed assets
on commodities and suppllee.
-6,795
-38
-373,11*8
-373,11*8
1
-267
-59,983
-373,11*8
-2I*,U38
-21*, 1*79
Net income, or lose (-).
-251,538
-339,521*
-51*3
-333,107
21
1,019
1,750
-186,997
Net adjustment of valuation and operating reserves
-367,799
5,912
-627,721
1.9,090
11*2,296
3,368
5,532
-71*, 010
28,1*35
-170,515
62,661
8,957
-186,997
-367,799
3,368
-206,21*3
5,912
-1,828
-627,721
-206,21*3
5,532
-1,883
1,1*56
1,1*56
-17,000
-3,1*27
Changes in unreserved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, 191*9
Net Income, or loss (-), for the twelve months
ended June 30, 1950
Transfers to (-) surplus reserves
Transfers from surplus reserves
Distribution of profits:
To General Fund revenues - deposit of earnings..
Dividends
Other
Prior year adjuslzents
Unreserved earned surplus, or deficit (-),
June 30, 1950
Footnotes at end of Table
1*.
•3,01*0,879 r
-122,385
-52,558
56,351*
-52,558
6,221
75,817
3,555,331*
-617,116
-i*,oei
1*9,090
-1*8, W*8
11*2,296
-11*2,863
-108
1*91
-61*2
32,519
-798,236
(Continued on following page)
77
'>9.0g9
9.071
:
:
)
.
'
)
December 1950
65
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3. - Income and Expense for the Twelve Months Bnded June 30, 1950 (Continued)
(In thousands of dollars)
Corporations
Federal
Intermad late
credit
banks
Federal
Savings
Eind Loan
Insurance
Corporation
Home
Ownera
Loan
Corporation
(in liquidation)
-
(continued)
Reconstruction Finance Corporation 3/
Production
credit
corporations
Public
Housing
AdminlBt ration
2/
Exclusive
of assets
held
for the
Assets
held
for the
U. S.
Treasury
u. s.
Tenneeeee
Vallej
Authority
Other
2/
Treasury
Income
Sale of commodltlee and supplies
Sale of services
Bents and royalties
Interest and dividends
Interee t on loans
Interest on public debt obligations
Interest, other
Dividends
Guaranty and Insurance premlumfl
Other Income:
Gains on sale of fixed assets
Gains on sale of Invostmonta
Gains on sale of acquired security or collateral
31U,089
3,355
11,176
1,11.6
U,(?1U
9,827
90
7,681
19
32,51.1
I
7,923
Net Inccme, or loss (-), before adjustment of
valuation and operating reserves
353
ll,li7li
112
1.9
229
£19
U
1,593
73
12,7'»2
U,590
8,650
9,l6li
2,508
3,522
72,958
85
1,2U8
328,382
76,2711
122,753
2,000 6/
6,3''l
556
22,6lli
6,285
16,392
8,ll»g
2,036
1
1,339
938
h
1,603
15,363
12,273
2,707
11,578
3,1*73
6,652
259
39,li57
23,liOli
1,211
11,102
601.
U
1,357
15,820
30,li71
293,003
665
398
It
,697
15,610
99
11
66
2hk
61
1,2311
12,190
3,757
l.,735
3li5
609
12,987
113
556
-9
332
30
9,759
Total expense
1.7,1,311
7ltli
12,905
1,158
9
9
Expense:
Cost of commodities and supplies sold
Direct operating costs
Interest expense:
On borrowing from the U, S, Treasury
Other
Administrative expenses
Depreciation (not Included in cost of sales or
direct operating costs
Grants, subsidies, and contributions:
Direct
Indirect
Guaranty and Insurance losses
Other expenses
Losses and charce-offs:
Loans charged off
Other assets charged off
Losses on sale of fixed assets
Losses on sale of Investaoents
Losses on sale of acquired security or collateral
Direct charges to operating reserves
Other
31.1
311,920
15,32l>
12,563
OtJjer
Total Income
26,976
Ii83
938
12
31
17,655
55,609
1<,3B5
2,718
2,688
1,588
23,11811
lill,3li2
3211,265
2,801)
10,02ll
8,902
-339
-12,363
28,6lf
U,117
-66
60,298
118,100
-8,521.
15,976 2/
l',653
Adjustments of valuation and operating reserves:
Reserve for losses
Reserve for loseee
collateral
Reserve for losses
Reserve for losses
Operating reserves
Other reserves
15
on loans
on acquired security or
-32
-38
, .
on fixed assets
on commodities and supplies....
-20
-10
-32
-1'5
-8,521.
9,992
8,908
-339
-12,1.08
20,092
l.,117
25,269
1,1.68
17,11.1
-61., 357
250,000
-51,673
2,805
-1,230
9,992
-9,992
8,908
-339
-12,U08
20,092
l.,117
Net adjustment of valuation and operatlr^g reserves
2,805
Net Inccme, or lose (-)
15,976 1/
l.,582
Changes In unreeerved earned surplus or deficit:
Unreserved earned surplus, or deficit (-),
June 30, I9I19
Net Income, or loss (-), for the twelve months
ended Juno 30, 1950
Transfers to (-) surplus reserves
Trans f era from surplus reserves
Distribution of profits;
To General Fund revenues - deposit of earnings..
Dividends
Other
Prior year ad Justmsnts
Unreserved earned surplus, or deficit (-),
h
.
15,976 1/
-196,225
11,502
eE6
630
-20,732
-11,1.00
39I1
1,082
2,510
?6,li50
June 30, 1950
Footnotes at end of Table
ll.,3S9
12,887
(
16,801
-75,631.
250,000
6,233
,
72,977 8/
-187
Continued on f olloving page
-1.7,556
;o,805
-123,203
)
Treasury Bulletin
66
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIESTable 3. - Income and Expense for the Twelve Months Ehded June 30, 1050 (Continued)
(In thouaands of dollars)
Certain other bueinese-typo actlvltloB
Total
certain
other
bualnesB-
FaTDBre*
Eome
type
tratlon
actlTltlea 2/
Ajdmlnls-
DlsajBter
Loane, etc.,
Bevolvlng
Fund (FarmerB'
Eome Administration
Putllc
Federal
Houfilng
Administration
Federal
Works
Agency
10/
December 1950
67
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.
Source and Application of Funds for the Twelve Months Ended June 30, 1950
(In thouaande of dollara)
Treasury Bulletin
68
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.- Source and Application of Funds for the Twelve Months Ended June 30,1050 (Contlnuedl
December 1950
69
CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Table 4.
-
Source and Application of Funds for the Twelve Months aided June 30, 1950 (Continued)
.
.
Treasury Bulletin
70
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes for Tables 3 and 4 (June 30, 1950)
1/
3/
^
U/
5/
6/
2/
8/
iBoludes $2,000 tbouBond Interest paid on capital stock.
Ropreeenta activities under the U. S. Housing Act as amended. War
housing and other operations of the Administration are shown under
"Certain other huslness-type activities".
Includes morgod war affiliates, the last of which to be merged waa
U. S. CoBBnerclal Canpany, which was dissolved In fiscal year 191*8.
Represents assets hold for the Treasury In accordance with provlslone
of Act of June 30, 19U6 (62 Stat. U87-II88), which provided for
cancellation of P. F. C. notes In the aaount of $9,313,736 thousand,
plus Interest accrued thereon subsequent to June 30, 19U7, representing unrecovered costs to the Corporation as of June 30, I9U7, In Its
national defense, war, and reconversion activities, f\T] A stipulated
that any amounts recovered by the Corporation with respect to these
activities subsequent to June 30, I9U7, shoiad, after deduction of
related expenses, be deposited In the U. S. Troaevury as ailscellaneous
receipts.
Consists of Defense Homos Corporation (in liquidation); Federal Crop
Insurance Corporation; Federal National Mortgage Association; Federal
Prison Industries, Inc.; Inland Waterways Corporation; Institute of
Inter- American Affaire; Institute of Inter-American Transportation
(liquidated); Panama Railroad Company; Smaller War Plants Corporation
(in liquidation); The Virgin Islands Corporation; and War Damage
Corporation (in liquidation).
Represents payment of Interest In lieu of dividends on capital stock
outstanding during the fiscal year 1950.
Represents net Inccane during the fiscal year 1950 from power
operations
Includes cancellation of Federal Crop Insurance Corporatlcai capital
stock held by the U, S. Treasury In the amount of $73,000 thousand as
authorised by Public Law 268, Slst Congress, approved August 25,
19»*9.
2/
Beorganlratlon Plan No- 21, effective May 2U, I95O, abolished the
U, 3. Maritime Coonalselon and provided for Its functions tc be performed by a Federal Maritime Board and a Maritime Administration In
the Depar^Dsnt of Consoerce. Current data on maritime activities
10/
11/
12/
13/
lU/
will be published whan available,
Consists of CcBBmnlty Facilities Service and Public Works Administration (in liquidation). Figures for Ccommnlty Facilities Service are
as of May 23, 1950, at *rtilch tlao this activity was transferred to
Housing and Hcbbo Finance Agency, pursuant to Reorganleatlon Plan
Ho. 17 of 1950.
Consists of Fana Security Administration lO'ogram, hemes conversion
piH^gram, public war housing program, and veterans* re-use housing
program.
Consists of Agricultural Marketing Act Revolving Fund; Federal
Security Agency -- loans to etudonte; Departanent of the Interior -Indian loans and Puerto Rico Reconstruction Administration; Department of the Army -- guaranteed loans (World War H) and Natural
Fibers Revolving Fund; Departanent of the Navy -- guaranteed loans
(World War II) and sale of surplus supplies (World War I); Housing
and Bcane Finance Agency, Office of Administrator -• Alaska Housing
Program and Slum Clearance Program; Treasury Department -- miscellaneous loans and certain other assets; Veterans' Canteen Service;
and guaranteed loans to veterans
Represents transfer from Title I Insurance Revolving Fund to establish
Title I Housing Insurance Fund.
Represents purchase and eichange of coanaodltles and other related
Items,
15/
16/
17/
18/
19/
20/
•
r
Excludes cash exchangee of notes amounting to $3,172,000 thousand.
Represents sales and exchange of ccnnmodltles.
The net change In working capital and deferred Items Is a decrease of
$ii8,302 thousand; however, to conform to the presentation required In
the report sent to the Bureau of the Budget, cash with U.S.
Treasurer has been reflected hare as a separate Item.
Includes renewals.
Includes net repayments for allocations to Secretary of State.
Includes $l62,Ullt thousand advanced to Econcsoic Cooperation Administration, which agency is not required to report,
Lees than $500.
Revised.
.
December 1950
71
CUMULATIVE TABLE OF CONTENTS.
January 1950 through December 1950
iBBue and page nxmber
1950
Jan,
F9t).
Mar,
Maj
June
8
Apr.
8
8
9
July
Aug
Sept,
ArtlcleB:
Treasury financing operatlona
Summary of Federal fleeal operatlone,
Budget receipts and exp enditures:
Receipts by principal sources
Eipendltures by major claaeif icatlons
Expenditures for national defense and related activities
Expenditures for international finance and aid
"Other" expenditures .,
Sunnnary by months and calendar years
•,.,..
Social Security Act
,
Railroad Retirement Act
Railroad Unsmployiosnt Insurance Act
,
,
,
,
,
Trust accounts, etc.:
-
Summary of receipts and expenditures of all trust
accounts , etc
Receipts by principal accounts
Investanents by principal accounts
Expenditures other than Inveatmente by principal accounts.
Federal Old-Age and Survivors Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
8
8
9
9
10
10
11
11
9
9
10
10
12
12
13
13
lU
lU
12
12
13
13
lU
n
11
8
9
9
9
10
10
11
11
9
10
10
11
u
9
10
10
11
11
9
9
10
10
11
11
9
9
10
10
11
11
9
9
10
10
11
11
9
9
10
10
11
11
12
12
13
13
lU
lU
12
12
13
13
lU
lU
12
12
13
13
lU
lU
9
9
10
10
11
11
Treasury caeh Income and outgo:
Summary of
Derivation
Derivation
Derivation
Derivation
Summary of
cash transactions
of cash budget receipts
,.,
of cash budget expenditures
,
of cash trust account transactions
,
of caeh borrowing or repayment of borroving ,
cash operating Income and outgo by months
12
12
13
13
lU
12
12
13
13
111
II*
lU
12
12
13
13
lU
lU
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
16
16
17
17
18
18
16
16
17
17
16
16
17
17
16
16
17
16
16
17
17
16
16
17
17
16
16
17
17
16
16
18
18
16
16
17
17
18
18
19
19
19
, ,
12
12
13
13
lU
lU
H
Seneral Fund of the Treasury;
General Fund
Analysis of change In balance in the General Fund
StatTie of the
Debt outstanding;
18
18
16
16
17
17
18
18
17
18
18
18
18
18
18
18
18
17
17
18
18
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
20
21
23
21
21
23
21
21
21
21
21
23
23
23
21
23
21
23
23
23
2l»
Summary of Federal seoorltles
Net change in Federal securities
Interes t- bearing public debt
Net change in Interest-bearing public debt ,,,.
Interest-bearing guaranteed securities
Special lesuee to U. S, Government Investanent accounts....
Computed Interest cha3*ge and computed Interest rate on
Federal eecurltles
Treasury holdings of securities Issued by corporations and
certain other business-type activities of the U, S,
Government
21*
25
25
19
Statutory debt limitation:
Status under limitation
Application of limitation to public debt and guaranteed
securities outstanding
Pebt operati ons:
Maturity schedule of Interest-bearing public marketable
securities issued by the U, S, Government
Offerings of Treasury bills
Offerings of marketable issues of Treasury bonds, notes,
and certificates of Indebtedness
DlspoBltion of matured marketable Issues of Treasury bonds
notes, and certificates of Indebtednees and guaranteed
securities
23
2U
2ll
2lt
2U
25
25
25
25
2l»
2U
j
25
25
25
(Continued on following page)
25
25
Treasury Bulletin
72
CUMULATIVE TABLE OF CONTENTS.
January 1050 through Decenber 1050
-
(Contlmiedl
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
^/
Treas.
HJ
10
.A2
1950
C.2
U.S. Treasury Dept.
Treasury Bulletin
@FedFRASER