Full text of Treasury Bulletin : December 1957
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ill
Cofy
%.
LIBRARY
POOM 5030
^\^W
?.
3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
WEASUMW.
MUHILEWM
DECEMBER -1357
iM*^-
UNITED STATES TREflSURV DEPORTMENT
DFFICE DF
THE SECRETBRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, $7.50 foreign.
Single copy price varies.
December {957
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Cash Income and outgo
10
Account of the Treasurer of the United States
l6
Debt outstanding
Ig
Statutory debt limitation
21
Debt operations
22
United States savings bonds
33
Ownership of Federal securities
37
Treasury survey of ownership of Federal securities
39
Market quotations on Treasury securities
^3
Average yields of long-ter.-n bonds
KG
Internal revenue collections
4-g
Monetary statistics
52
Capital movements
56
Corporations and certain other business-type
activities - statements of financial condition
and loans by type
6g
Cumulative table of contents
Note:
101
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
"
Trcasuni Bulletin
Reporting Bases
appear In the
Data on receipts, expenditures, and debt which
financial
"Treasury Bulletin" are based largely on tuo Treasury
Treasury" and
reports, the "Dally Statement of the United States
of the
Expenditures
and
Receipts
Statement of
the "Monthly
United States Oovernment.
"
Certain monetary statistics are baaed
United States
at least In part on the "Circulation Statement of
Where theue etate-nents are given as sources for In-
Money."
Their respective
they are cited by name only.
For other data In the
reporting bases are described belox.
given In
Bulletin, Information on sources or reporting bases Is
themselves.
connection with the tables
dividual tables,
was first
The monthly statement of receipts and expendlturee
published for February igS"*, and replaced the dally statement as
other
the primary source of Information on budget results and
and expenditure data classlflsd by type of account.
statement
At the same tliDe, the dally statement was changed to a
of the
of cash deposits and withdrawals affecting the account
Both publications have provided
Treasurer of the United States.
beginning
the
from
bases
comparative figures on their respective
receipt
of the fiscal year 1953.
The dally statement on the new basis was first Issued for
In the deposits and withdrawals as shown, no
distinction Is made as to the type of accounts (budget, trust,
The deposits are on the basis of certificates of deposit
etc. ).
cleared throu^ the account of the Treasurer of the United States.
February 17, 1954.
The announcement of February 17, 195'*,
with respect to these reporting changes may be found In the
.Iprll igSlt Issue of the Bulletin.
The monthly state-nent shows all receipts and expenditures
accounts held
of the Sovemment, including those made from cash
outside the United States Treasury. The Information Is compiled
from reports by the Treasurer of the United States and by all
agencies
other collecting and disbursing agencies. Including those
which maintain checking accounts In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the transactions as compiled from those reports Is reconciled In the
Treasurer's
monthly statement to changes In the balance In the
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially on a
Expenditures,
collections basis and partlallyona deposits basis.
basis of
except intereet on the public debt, are reported on the
checks Issued or cash payments made by disbursing officers.
Transactions of an interfund or Intragovernmental nature are
Included on the same basis even though the actual issuance of
Inchecks may not be Involved. Interest on the public debt Is
cluded on an accrual basis beginning with figures for June 1955
a
and the fiscal year 1955. Prior to that. It was Included on
The same reporting basis as that In the
due and payable basis.
statement provides the fiscal year figures for the
disTotal withdrawals are on the basis of checks paid or cash
bursements made out of the Treasurer's account. Some of the
withdrawal classifications shown are reported on the basis of
reports of checks Issued and are adjusted by means of
mailed
Except for
clearing accounts to the total of checks paid.
relatively minor amounts, noncash Interfund and other Intragovernmental transactions are excluded. The public debt figures
with the
in the dally statement also are on a "clearance" basis,
reported
exception of those Issuance and retirement transactions
on the basis of telegrams from Federal Reserve Banks.
debt transactions are Included, however.
Noncash
not
The dally statement before February 17, 1S3>*, covered
only transactions cleared through the Treasurer's account but
handled
also certain Oovernment agency transactions which were
Interfund
through commercial bank accounts, and Included noncash
and other Intragovem-nental transactions. It provided Information
the
similar to that In the present dally statement with respect to
status of the Treasurer's account,
present
end-of-month
and similar to that In the
dally statement with respect to debt
Receipts and
and amount outstanding.
expenditures, however, were cleeslfled by type of account, and
were
used as the
statenent
dally
the
shown
In
the budget results
Issuance, retirement,
budget
basis for reflecting the results under the President's
program as enacted by the Congress.
the
Receipts were on the basis of deposits as they cleared
Treasurer's
Treasurer's account. Expenditures cleared through the
they
Through
1946
bases.
successive
two
on
reported
account were
the United
were on the basis of checks paid by the Treasurer of
Beginning with 19^7, expenditures made through the
States.
facilities of the Treasury Department's Division of Disbursement
prinwere on the basis of checks Issued, while certain others,
cipally those of the Department of Defense and Ite predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were as
Interest on the public debt was Inreported by the agencies.
cluded on a due and payable basis beginning with November 19^9
and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
supply
sliver and the amounts of coin and currency In the money
It Is Issued later than the dally statement,
consujnmated
transactions
on
based
are
figures
however, and the
reporting period even though some may not have
monthly
Treasury's "Combined Statement of Receipts, Expenditures and
of the country.
Balances of the United States Oovernment" and for actual receipts
and expenditures In the "Budget of the United States Oovermient
during the
cleared the Treasurer's account during that period.
.
December 1957
Treasury Financing Operations
HoVBmber Caah and Eitchange Offerlnge
An offering on November 20 of two new securities for cash subscription and an exchange offering
on Noveiobar 21 of another new seourlty were announced
by the Treaeury Department on November IS.
The cash offering conelated of %X billion,
or thereabouts, of 5-year 3-3A percent Treasury
notes, Series C-1962, dated November 29, I957 and
maturing November I5, 1962; and $500 million, or
thereabouts, of 17-year 3-7/S percent Treasury
bonds, dated December 2, 1957 and maturing November 15, 197I*. In addition, the announcement stated,
up to $100 million of each issue might be allotted
to Oovernment Investment accounts.
The subscription books were open only on November 20.
Subscriptions accepted totaled $1,592 million
and In addition $100 million of each Issue was
allotted to aovernment Investment accounts. Allotments amounted to 5l,0t2 million on the notes
and $553 million on the bonds. Allotments to the
public were on the following bases. Allotments
on BubBorlptlons to the notes from savings-type
investors were 25 percent and on those from others
were 12 percent. Allotments on subscriptions to
the bonds from savings-type Investors were 26 percent and on those from others were 10 percent.
On
both securities, subscriptions for $10,000 and
leea were allotted In full and those in excess of
$10,000 were allotted not lees than $10,000. The
savings-type Investor group was defined as consisting of the following: pension and retirement funds
(public and private), endowment funds, common
trust funds. Insurance companies, mutual savings
banks, fraternal benefit aesoolatlons and labor
unions' Insurance funds, savings and loan aeaoclatlona, credit unions, and other savings organizations (not including commercial banks).
Commercial banks, which for this purpose are
defined as banks accepting demand deposits, were
permitted to subscribe for their own account without deposit, but were restricted In the case of
the bonds to an amount not exceeding 25 percent
and In the case of the notes to an amount not exceeding 50 percent of the combined capital, surplus,
and undivided profits of the subscribing bank as
of June 30, 1957.
A payment of 10 percent of the
amount of the bonds and 2 percent of the amount of
the notes subscribed for was required on all other
subaorlptlons. Any commercial bank qualified as
a depoBltary was permitted to make payment for the
new securities by credit In Its Treasury tax and
loan account up to the amount for which It waa
qualified In excess of existing deposits.
Both commercial banks and other lenders were
requested to refrain from making unsecured loans,
or loans collateralized In whole or In part by the
securities subscribed for, to cover the deposits
required to be paid when subscriptions were entered.
Commercial banke were required to certify
on all subscriptions entered for account of their
oustomere that no such loans had been made; and
that the banke had no beneficial Interest In their
customers' subscriptions, and that the customers
had no beneficial Interest In the banks 'own subscriptions.
The new notes bear Interest from November 29,
1957, at the rate of 3-3/'4- percent per annum,
payable on a eemlannual basis on Hay I5 and November 15 In each year until the principal amount
beoomee payable at maturity.
They were Issued
In bearer form only and In denominations of $1,000,
$5,000, $10,000, $100,000, $1,000,000, $100,000,000,
and $500,000,000. The new bonde of 197I)- bear Int-
erest from December 2, 1957, at the rate of 3-7/8
percent per annum, payable on a semiannual basis
on May I5 and November I5, 1958, and thereafter on
May 15 and November 15 In each year until the
principal amount becomes payable at maturity.
They were Issued In bearer form with Interest
coupons attached or registered as to principal and
Interest, and In denominations of $500, $1,000,
$5,000, $10,000, $100, 000, and $1,000,000.
Offered on November 21 was an Issue of oneyear 3-3/4 percent Treasury certificates of Indebtedness In exchange for the $9,971 million
of 3-5/8 percent certificates maturing December 1,
Cash subscriptions were not received. The
1957.
subscription books were cloeed at the close of
buBlnees on November 22. Subscriptions to the new
certificates totaled $9,831 million, 98.6peroait
of the total, leaving $11*1 million to be paid In
cash.
Of the maturing certificates. Series E-I957,
Federal Reserve Banks and Oovernment Investment
accounts held $7,930 million as of October 3I, and
oomraerclal banks held $377 million as of September
as reported In the Treasury Survey of Ownership.
30,
The new certificates, designated Series D-I95S,
are dated December 1, 1957, and bear Interest from
that date at the rate of 3-3/"* percent per annum,
payable semiannually on June
1
and at maturity on
Treasury Bulletin
Treasury Financing Operations
December
1,
They were Issued In bearer form
1958.
only, ana In denominations of tl, 000, $5, 000, |10, 000,
$100, 000, 000, and $500, 000, 000,
$100, 000, $1, 000, 000,
Weeigy Bills Refunded
New issues of Treasury bills totaled $7.0
billion In Novenbec, reflindlng equivalent wsekly
maturities.
All were 91-day bills but the fourth,
a 90-day Issue which refunded a 92-day iiattultj.
The first two were for $1.7 billion each and the
last two for $l.g billion each.
Average rates of
discount on the new Issues were 3.572 percent for
November 7; J. 1*73 percent for November lU^; 3.l't5
percent for November 21; and 3.I5S percent for
November 29.
-
(Continued)
Under the new plan starting in January, anyone who was eligible to buy Series J and K savings
bonds when they were on sale will be eligible to
buy Series E and H bonds, but limited to a maximum
of $7,500 of Series E bonds, issue price, and a
maximum of $10,000 of Series H bonds. Issue price,
as compared with the annual purchase limit on J
and K bonds of $200,000 issue price. The Treasury
pointed out that the lower limit will permit the
eatisfaotlon of real demands for a security of the
savings bond type without opening up the E and H
bonde to large investors.
The Treasury also point-
ed out that the original savings bonds (Series A
through D) which preceded the present E bonds, had
similar rights of ownership by small investors
other than individuals.
Investor Eligibility for Savings Bonds Expanded
Any investor other than commercial banks will
Series E bonds now being sold accrue interest
be permitted to buy Series E and H savings bonds,
at the rate of "i-l/^ percent per annum (compounded
effective January
semiannually) when held g years and 11 months to
maturity, with a somewhat lesser rate of interest
1,
195S, according to an announce-
ment by the Treasury Department on December •*,
The announcement pointed out that tliese
1957.
If redeemed before maturity.
Series H bonde, on
bonds were currently available only to Individuals,
the other hand, are issued at par and mature at par,
personal trust accounts, and employee savings
and pay Interest by check semiannually with rates
comparable to the E bonds on early redemption.
plans.
The announcement stated that this step was
being taken to fill
a gap
program created last April
of sales of Series J and K
then, small Investor groups
in the savings bonds
by the discontinuance
savings bonds.
security with guaranteed protection against market
The Treasury has had a considerable
demand in the last few months for securities of
this type from a large number of small institutional
groups, such as labor unions,
denomination E bond is $25 maturity value (issue
price $18.75) and on the H bond, it Is $500.
Since
other than individuals
have not had available to them any Government
fluctuations.
Series H bonds pay 3-1/'* percent Interest if held
for their full 10 years to maturity. The minimum
fraternal, civic,
service, patriotic, and veterans' organizations,
eleemosynary Institutions, and local and State
government bodies.
Series E and H bonds for investers other than
individuals will be issued only by Federal Reserve
Banks or branches or at the Treasury, but ae wsb
the case with Series J and K bonds, subscriptions
will be accepted by commercial banks throughout
the country for forwarding to the Federal Reserve
Bank of their district for Issuance of the bonds.
B
....
December
19 J7
SUMMARY OF FEDERAL FISCAL OPEEiATIONS
(In BlllloDa of dolUre)
Bud^at receipts and expenditures
Ret
receipts
i/
Expenditures
2/
deficit
{-) 2/
Het of
trust
account
and other
transact lone
a/ a/
Net
increaee In
Treasurer'
rreasurer *
account
balance, or acconnt
decrease {-) balance
Cl«arlne
account,
etc.
y
Levela, end of period
Debt outstanding
Total
Paderal
securltle
Subject to
llBltatlon
5/
Fiscal years:
19116
igliT
39,771
39,786
19'i8
1.1,1188
19''9
37,696
60,1.1.8
39,032
33,069
39.507
39,617
-20,676
-521.
751.
-1,103
8,1.19
-291.
555
-507
-1,811
-3,122
-1.95
366
1950
36,1«95
1951
1.7,568
l.l.,058
3,510
-l.,017
679
IU7
711,271.
-9,1.1.9
1.35
67,772
61., 570
-3,117
1955
61,391
885
61., 655
60,390
65,1.08
328
231
1956
1957
68,165
71,029
66,51.0
69,1.33
1,626
1,596
1952
1953
61.,
19^
-1.,180
99
1.83
10,71.0
-10,1.60
111,238
269,1.22
•11,136
-10,930
1,62U
3,308
I., 932
-1,1.62
3,1.70
258,286
252,292
252,770
257,357
-5,991.
1.78
l',587
-303
-2,135
3,883
6,966
5,189
281.
3,U5
-211.
-UOl
-250
269,898
258,376
252,366
252,798
257,377
2,01.7
5,517
1,839
-388
-2,299
2,096
-551
7,357
6,969
I., 670
6,766
6,216
255,222
259,105
266,071
271,260
255,251
259,151
266,123
2711,371.
27l.,l.l8
6,51.6
272,751
270,527
270,631.
5,590
1958 (Bst.)...
271,31.1
272,825
269,000
Calendar jeare:
191*6
38,568
1.1,080
ig"*?
19118
1.0,389
1.0,861.
37,955
35,623
19^9
1950
37,511.
1.1,106
-3,592
-1,386
-350
-229
-502
37,306
37,728
-1.22
311
87
815
Jll
101
739
-259
-106
-319
-209
1951
1952
52,979
61., 81.0
56,337
70,682
72,997
-2,512
2,U3U
5,21.1
-3.358
-5,81.2
61., 851.
1955
61,171
63,358
66,129
-9,157
-3,683
-2,771
1956
TO,99k
67,216
3,779
5,271.
l.,950
-590
1,2U5
5,399
5,91'.
5,387
63,81.1
1953
195^
-22,502
362
•18,966
-21.0
-2,21.9
-1.05
-1.1.7
2,711
62
l.,295
259,1.19
7,973
7,777
3,582
1,770
-1,1.88
6,061.
l.,577
100
1,111
231.
It,
331
1.71
-li23
376
259,11.9
l.,679
l.,232
-J.,
-31.
3,502
3,097
I., 208
256,900
252,800
257,130
256,708
199
603
-635
l.,5l.5
267,391
275,168
278,750
280,769
-It.lUl
-U7
l.,1.27
276,628
-720
-1,293
2,019
5,180
339
81
55
259,1187
256,981
252,8511
257,160
256,731
276,731
Months!
1956- January..
February.
March
.,681.
-162
127
3,252
280,01.?
60
1,501.
11,756
280,106
280,102
280,167
-3,761.
2,316
7,072
276,31.5
276,1.01.
-556
-1,360
275,81.5
April
May
6,195
11,313
U,082
5,050
-1.305
-U17
236
5,1.67
21.
91.1
51.8
5,712
6,259
June
U,601
6,937
l.,661t
-301.
-3,978
287
6,51.6
275,789
276,729
272,751
July
August
Septeaher
3,1.85
5,51.2
-2,057
-31.
-2,369
2,019
l.,178
272,61.5
272,719
6,197
275,565
2 71., 261
271., 3116
October.
Rovesber
DeceBber
3,181.
275,283
277,017
276,628
103
275,372
277,111
276,731
107
109
109
276,335
276,378
275,108
.
.
July
August ...
,
,
SepteBber,
October.
5,902
-91.8
26
6,218
l.,9l8
1,300
107
-1,301.
21.9
6,1.1.5
5,995
5,726
5,718
-2,812
-908
-307
-62
1,022
-1,71.1
U,70l.
6,095
U6
1.07
5,71.3
5,581.
-1,286
kk6
5,153
229
-131
163
58I.
3,81.9
3,8ai.
7,673
276,229
276,269
271., 999
1>,256
5,987
-1,731
5,532
271., 008
271., Ill
5,9l.J.
-662
-991
1,226
-2,11.2
5,282
11,688
275,2311
275,337
5,l>09
-11.707
308
-250
5,81.0
6,279
5,590
270,527
253
1,91.2
-1,U5
11,1.75
-21.7
1,376
567
1.23
11,898
2,1.36
7,335
272,1.69
273,81.5
27l.,Vl2
11,307
2711,067
U,809
6,188
10,737
Aprtl
May
Jtaie
l.,95it
5,1.12
March
276,791
272,825
-105
2,919
U,8l8
1957 -January..
February.
198
3,057
5,128
7,225
6,3l>7
5,930
5,667
-3,290
-8oe
1,559
-222
21.8
1,731.
1,071.
3,T78
-920
-389
-1,350
l.,l<27
-1,162
3,265
11.9
275,61.1.
91.
270,631.
107
109
115
272,575
273,951.
271., 527
268,932
257,1.91
251,51.2
252,028
256,652
2511,567
258,507
265,522
270,790
273,915
272,361
270,188
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 1.- Receipts by Principal Sources
(In Blllloas of dollars)
Income and profits taxee
Corporation
2/
fiqilojniient
Total
Hot
withheld
2/i/
Withheld
3/
For old-a«e
and disability In-
profits
i/
y
2,106
3,120
3,569
eiq>lojnent
Total
tlroBient
iQBuraace
6/
ment j/
2/
28,263
37,753
53,906
11,537
550
578
735
620
603
"19,915
5,3''0
600
U,322 2/
21,251*
214,012 2/
63">
26,728
56,633
60,560
6,337 2/
12,302
6,631*
616
21,523
10,7''7
1955
1956
1957
18,265
21,299
21.531
10.396
51,3't7
l*,086
1958 (Est.)...
1957 -January..
Fehruary.
For un-
10,073
13,535
18,521
21,351
21,635
18,189
2U,2l8
32,8a6
33,012
1950
1951
1952
1953
195^
taxes
For railroad re-
employ
2,101
871
785
1,025
3,838
2,083
3,587
5,153
10,195
255
807
2,827
897
1,818
819
3,690
2,252
I.,166
5.089
10,793
617
1,229
536
269
128
1,823
1,01*7
1,857
3,678
2,163
Ii,l6l
919
2,30l»
6,290
1.86
October..
k29
20l>
1,333
1953 to date.
3,629
2,11211
8,221
1.61
1*1.5
7,327
April
May
June
6,722
July
August...
September
520
5oe
51>1
355
632
31*6
332
2/
226
23I*
3,931
259
277
285
1*,562
l*,983
280
325
330
6,220
7,296
7,581
5,'»25
8,795
March
Ezclso
taxes
316
1,160
692
Estate
gift
taxes 2/
am
8,303
9,U23
9,726
10,825
10,011*
9lt5
Taxes not
otherwise
classified
2/
...
.
.
,
December 195/
.BUDGET RECEIPTS AND EXPENDITUEES
Table 2.- Expenditures by Agencies
(In Billlona of dollars)
General
Serrlces
PundB
appropriated
to the
President
BxecutlTe
Office
of the
Fresidsat
7li,27l»
1955
1956
1957
69,''33 2/
U,U5
6,905
6,U73 1/
6,791
6,982 2/
7,707
1958 (Bet.)...
71,996 1/
"•,199
8,lt31
1953
WS""
1957 -January
February
Marcb ....
5,782
5,282
67,772
61*, 570
'1,381
66,5liO
l»,''73
5,7l'3
-615
129 2/
385
523
570
3,217
2,915
It, 636
5,177
5,006
1,063
1,000
1,077
l,293r
562 a/
5,U83
61»5
-IW
5,987
290
5,9'»'>
UI.5
6,279
599
656
100
July
August...
September
6,3''7
1*00
587
'•3
272
311
667
33
233
38
1*15
October
6,501
Jixie
,
.
327
Uldlstrlbuted
foreign
transactions
1953
''3,611
813
19^
40,336
35,532
35,791
605
38,1.39
Welfare
Departaent
Interior
Departaent
532
681
1/
37
Justice
Department
Post
Labor
Office
Depart- Department
ment
Treasury Departaent
State
Department
public
debt %J
573
1,920
1,981
1,993
2,071
587
535
515
512r
639
2,295
572
597
51.8
-*3
2,809
Sefenee Departaent
1955
1956
1957
-1.3
2ii,U5 8/
1956 to date..
171
183
182
y
300
355
659
312
356
271
6,501*
156
136
Columbia
798
873
216
1.12
1.63
11.2r
6,382
6,370
6,787
211.
1.18
518
179
7,21*1*
71.8
T,801
800
1*1*
39'*
368 1/
879
1958 (Eat.)...
38,000
2,675
1957 -January..
Febnaary.
Marcb
3.358
3,228
3,239
220
212
183
651
585
601
April
M*y
June
3,''75
3,1.20
228
601*
i8e
601*
7'*
3,3'.'i
11.1.
61*1
127
July,
August...
September
3,200
3,532
3,036
2lt9
659
628
630
61
October .
3,216
2I.2
61*1
69
.
257
182
8911/
52
55 1/
53
2,558
Source: Actual figures sre from the monthly statement of receipts and expenditures of the GoTeroment (for explanation of reporting bases, see
page II); estimates are from the Midyear Beviev of the 1958 Budget,
released October 1, 1957, including effects of proposed legislation.
Note: Figures in this table are for ageoclea as constituted at the time
the expenditures were made, and therefore do not necesssrlly represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 3.
1/ Expenditures for Beconstruction Finance Corporation are included under
"Independent offices" through 1951*, and under "Treasury Department,
Other" thereafter, except functions transferred to Export -Import
Bank, Federal National Mortgage Association, and Small Business
Administration.
2/ Expenditures for Federal Home Loan Bank Board are Included under
"Housing and Home Finance Agency" throi^h 1955, and under "Independent
offices" thereafter.
iJ Beginning with 1957, Federal aid for highways is excluded from bulget
expenditures and included in trust account sxpenditures (see Table I,
footnote 11* )
UJ Expendituree for Alaska road construction are included under Interior
Department through 195d and under CoDBerce Department beginning 1957.
Total includes allowance for contingencies amounting to ^00 million.
^
!t/
6H
5,581t
April
May
1,107
806
973
Comerce
DepartBent
712 6/
613
6,095 6/
.
tratlon
Sous log
and Hoae
Plnance
Agency
Mmlnls-
Effective January 1, 1957, the production credit corporations were
erged In the Federal interaedlate credit banka, pursuant to the Fam
Credit Act of 1956, approved July 26, I956 (12 U.S.C. 1027). Thereafter operatlona of the banka (aa mlzed-ownersblp corporations) are
clasalfled aa truet enterprise funds and are Included net in trost
account expenditures; previously the operations of the banks and
the corporations, respectively, were clasalfled ae public enterprise
funds and were Included net In budget expendituires. Adjustnents
for this change In clasalf Icatlon are Incorporated In the January
figures.
Effective July 1, 1957, certain activities of the Federal Facilities
Corporation were tranaferred to General Services Mmlnletratlon
froB the Treasury Departaent, pursuant to Eiecutlve Order 10720,
dated July 11, 1957.
Totals Include unclassified expenditure transfers until these have
been distributed In final figures.
Effective June 30, 1955, Interest on the public debt Is reported on
an accrual basis.
Consists of Federal payaent and loans and advances.
Includes adjustaent of receipts of approxlaately $33 million applicable to the prior accounting period.
I^ess than $500,000.
Revised.
.
Treasury Bulletin
-BUKJET RECEIPTS
MD
EXPENDITURES.
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(In llllaaa of dollars)
Function
oode
nuaber
Major national aourlty ;
Direction and coordination of daf enae
Air Fore© daf enae
Aray daf enae
Raval defenae
Other central defenae actlvltlea
DeTelopnent and control of atomic energy
Stockpiling and defenae production expansion
Hntaal aaovity pmgru - autoal defanae aaalatanee:
Military aaalatanee
Defenae aupport
,
,
051
052
053
16,21.2
12
15,668
12,910
05I1
11,875
U,293
055
056
057
058
391.
1.52
1.81
1,791
1,008
1,895
l,0U5
1,857
3,951.
I,'t67
3,629
967
2,292
2,611
2,319
1,1.63
1,181.
1,11.1
51,830
1.7,871
1«,090
1.1,825
1.4,321
Total aajor national security
International affaire and finance:
Conduct of foreign affairs
Bscnoalo and technical developaent 1/ 2/
Foreign Inforvatlon and exchange actlvltlea
15
15,085
13
16,1.07
8,899
9,733
lU
11.
16,71.9
18,360
9,059
10,392
600
8,7oe
9,71*
582
1,651
9I.1.
1,991.
1.90
150
130
121
120
157
1.93
5IU.
1.96
l>32
1.23
106
91
100
lU
128
Total International affaire and finance
Veterana* services and benefits;
Veterans' education and training i/
Other Teterana* readjustaent benefits }*/
Veterans' coBg;)en8atlon and pensicoa
Veterans* Inauranoe and aerrlcenen's indeanltlea
Veterana' hospitals and medical care
Other Teterana ' aerrlces and adainlatration
Total Teterana' aerrlces and benaflta
661.
158
150
2.681
.,1.57
l.,756
l.,79l.
1.75
212
213
1,332
1,1.39
399
1,558
318
288
290
271
36
27
35
328
i,u2e
275
321
56
28
115
26
11.1.
11.7
2,1.26
2,1.85
2,125
109
239
1,689
256
217
21A
150
355
.
801
175
277
351
352
.
1.7
176
'.,256
35''
deTelopnent of land and water
deTelopment of foreat resources
development of mineral resourcea.
deTelopment of fish and wildlife....
of natural reaouroea
aurTeya and admlnlatration
53
281
215
216
217
^
81.7
2,87c
11,298
211t
Stabilization of fam prlcea and farm income
Financing farm ownership and operation 2/ 6/
Financing rural electrification and telephones
Conaerratlon and deTelopnent 2/
Research, and other agricultural aerrlcee 2/
Total agriculture and agricultural reaouroea
767
123
2,798
105
788
2U
Total labor and welfare
natural reaourcea:
Conaerratlon and
OonaerTation and
CoaaerTation and
Conaerratlon and
Reoreational uae
Oeneral reaource
51.6
2,1.82
100
782
188
Labor and welfare:
Labor and manpower
Public aaalatanee
Proootlon of public health
Pronotlon of education
Oeneral-purpose research, llbrarlea, and nuaeuBa
Correctional and penal Institutlona
Other welfare aerrlcea and adalnlatratlon
Agrlciilture and agricultural reaources:
659
138
2,ltf0
2,936
2,557
1,231.
1,056
107
38
U7
Ii03
1*01.
31.
U05
30
351
275
60
31
126
276
85
32
2,776
2,967
3,91.6
3,657
231
217
305
215
267
350
221
913
l',595l/
201.
286
177
u.irn
I.,
1.69
11.7
21.8
1/
803
138
37
38
33
35
38
1,1.76
1,315
1,10*
55
370
586
275
312
li09
Total natural resources
3,508
236
1,1'57
1.5
Co—sroe
and houaing:
Promotion of water transportation
ProTlsion of highwaya
Il*onotion of aTlation
Postal aervice
Conaunlty deTelo;nent and facilities 2/ 10/
Public housing programs 11/
Other aids to houaing 2/^/
Other aids to business ilTit/
Begulation of co^asrce and finance
ClTll defenae
Disaster insurance, loans, and relief 1^/
572
51".
515
516
517
518
519
520
521
239
659
1.5
29
Total general gOTemmant
365
783
1.0
251
295
1.
270
31
19
-89
-83
67
1.5
38
1.1
1.5
60
56
1.3
11.
2,028
1,1.1.9
601
602
603
601.
605
606
607
608
609
610
1.76
185
387
28
11.7
l,l>7'>
(Continued on following page)
8/
1.63
-1.01.
Total ooiaerce and houaing
Ganaral goTammant:
LegialatlTe funotlona
Judicial funotlona
ExeoutlTe directica and management
Federal financial management
General property and recorda management
Central personnel management and employment coata ....
ClTillan weather aerrlces
FrotectlTe services and alien control
Territories and poaaeaalons. and Dlatrlct of Co).UBbla
Other general goTemment
1.20
61.7
-330
1.13
-111
137
3U9
253
356
56
-115
33l>
31.
157
67
139
188
69
238
195
627
38
187
71.
8/
December [957
.
BUDGET EECEIPTS AND EXPENDITURES
.
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(In Billions of dollare)
Function
-
(Continued)
Treasury Bulletin
.TBUBT ACCOUirr AHD OTHKR TRAHSACTIOHS-
Table 1.- Summary of Trust Account and Other Transactions
(In mllllong of dollarB)
.
December 1957
.TFUST ACCOUHT AHD OTHER TRAHSACTIOHS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of doUare; negative flguroe are
excess of credits)
i/
|/
y
V
y
y
V
See Table 1.
See ^Bud«et Receipt, and Erpendltupea," Table
1, footnote 12
See Budget Beoelpto and fcpendltore.," Table
1, footnote \k
Include, net InrestMnt In public debt .eourltle.
by certain
account, (.ee Table \)
Includes security transactions of 0oven»nt-.ponaore4
enterja-lM. (see Table 1, footnote 2).
Does not Include rerolTlng fund receipt, representing
acquired
sscurltles uountlng to »1, 61.3, 070 (par Talus);
see also Table U
Operated as a truet enterprise fund beginning
January 1 1957
at which tl» the production credit corporations
were wrged In
mterwdlate
credit
bank,,
pursuant
to
the Fan. Credit
! » of
'f'fi!'i
Act
1956 (12 a.S.C. 1027)! prerlousU th. banks «>d corporation.
r.spectlTely, were classified as public enterprise
funds and
were Included net in budget expenditures.
Adju.t»nt8 for the
change In classification ars Inoludsd In the
January flgurea
Secondary aarket operations, as provided In the
Housing Act of
2/
10/
,W
U/
•
a.
f^o
I^!^^ *"''t"«"*
^ "*"" '° *"• Tr«"«ry, "» »ho« in « separate
^?lr?'!r
ooy"«Pondlogly are reflected net In budget expenditures).
V^Tt '"^
Includes
District of Columbia operating expenditure^
,
fi/
8/
^'
^'^
'"^ "-S-"-
"^9)-
provided by
Indl^ trltal
funds; expenditure, chargeable against
Inoreaent on gold: and truet
enterprise funds (net) rtlch are not shown
separately. The Railroad
Unei^loy»nt Insurance Ad«lnl.tratIon Fund 1.
Included beginning with
the fiscal year 195* (see table
2, footnote 3), and the FrteraT
K«ployees Insurance Fund (net) fro. Ito establlsh«nt
In "-«">
August i.~)j^.
1954
»ot reported separately.
Excluded from deposit fund account expenditures
and Inolaled with
">^l»r^«':>»'"y transactions of other agencies (see
Tables U and 5)
The oc^ln*l estlKte for "Other trust account, "
trust enterprise
funds, snd total deposit fund accounts 1.
tLlSe Million
Less than $500,000.
lot available.
.
-
.
-
.
Treasury Bulletin
.
TEUST ACCOUMT AMD OTHEK TEAMSACTIONS
In Public Debt Securities
Table 4.- Net Investment by Government Agencies
of sales)
(In mllllone of dollars; negatlTe figures are eicesa
Total
trust
accounts
y
1950
1951
3,557
3,636
3,301
1952
1953
195^
2,05''
1,362 6/
1955
1956
1957
2,617 5/
2,300
1958 (Est.)
2,6ei
1957 -January
February
March
-37U
169
April...
-i<02
.
May
21.5
-ii02
y
3,369
3,355
1,068
i,688 5/
Federal OldAge and
Survivors
Insurance
Truet Fund
1,U1U
1,678
1,950
1,5^5
1,522
220
Oct
Account
Unemploy
Trust
Fund
National
Service
Life
Insurance
Fund
-721.
91.
583
-2U5
280
590
20e
-21»8
325
-282
-36
-35
Govemnient
Life
Insurance
Fund
-26
Total
public
entcrpris
funds
Fiscal year
month 2/
Federal
Housing
Administration
Highway
Trust
Fund
2/
Federal
interaiedl-
ate credit
banks i/
Other
trust
accounts
51*3
252
73
3IU
258
27U
135
6 8/
28
5l'8
-160
5
-9
-6
15'<
-293
-35
227
31
285
-87
-86
-318
Government -sponsored enter pr Is
Federal
Savings and
Loan Insurance Corp.
Productlt
Federal
Intermediate cred It
credit banks corpo-
rations 1/
1/
Total
Government
sponsored
*nterprlses
Federal
Deposit
Federal
Insuranc*
Corp.
loan
banks
Federal
land
banks
tlon 10/
62
81*
37
1951
1952
1953
funds
59
23
Public enterprise funds
cor
Government
employees*
r-tlrenent
-51'5
-391
782
57
685
-298
-l,9't6
650
I4I.9
-286
156
227
-32'»
69II
Railroad
Retire-
l,2''l 1/
l,i'63
1,236
2,516 8/
2,263
1,255
708
July
Ai«
Sept
Federal
Disability
Insurance
Trust Fund
1/
UU3
1.9'^
^
Memorandum 11/
95 12/
1955
1956
1957
69
lU 12/
1958 (Kat.)
1957 -January
February
March
.
April..
May
-58
-48
-28
July...
Aug....
Sept...
Oct
See Table 1.
Source:
footnote 12.
1/ See "Bulget Receipts and Expenditures," Table 1,
," Table 1, footnote ll".
2/ See "Bi»lget Receipts and Eipendlturee
banie and corporations
1/ See Table 3, footnote 6. Investment by the
as public enterprise funds in 1951 through 1953 Includes onlj those
transactions cleared through the account of the Treasurer of the
United states.
kj Prior to 1951, net Investment by smaller trust accounts and by deposit
fund accounts Is included In eipendlturee in Table 3.
figures, beginning 195l>, see
2/ For explanation of difference from Budget
"Cash Income and Outgo," Table 7, footnote 1.
beginning
6/ Excludes net investnKnt by Government-sponsored enterprises
with the fiscal year 1955 (see Table 1, footnote 2).
transfers
7/ Includes net sale of $300 million for adjustment of excess
Expenditures,
and
Receipts
of tax receipts in 1952 and 1953 (see "Budget
Table
1.
aecvo-ities amounting
Does not Include Investments representing acquired
amounting to
to $l,6lt3,070 (par value) and donation of securities
*li5,86o (par value); see also Tables 2 and 3
was Includea in
Prior to 1951 net investment by public enterprise funds
Government-sponsored enterbudget expenditures, anl net Investment by
Table 3)prises was incluled In deposit fund expenditures (see
the Housing Act
Management and liquidating functions as provided for by
Investment is all in
of 1951., approved August 2, 195'* (12 U.S.O. 1721).
guaranteed securities.
,
beginning 1955 is
Net investment by Govomment-sponsnred enterprises
inoluled in deposit fund expenditures in Table 3.
guarant««d
Beginning 1955. figures include net transactions in
securities. See also footnote 10.
Leas than $500,000.
Not available.
footnote 9).
^J
.
..
December
19 J7
TRUST ACCOUWT AMD OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In mlllione of dollars; negative figures Indicate net ealea)
Securltiea guaranteed bj the United Statee
Public enterprise funds
Total
guaranteed
1950
1951
1952
1953
195''
1955
1956
1957
-602 1/
-173
1958 (Est.)...
-665 2/
1957-January..
February.
March. ...
-298
April
May
June
-1U7
-253
-153
July
August. .
Septemb«r
October
-205
-35
.
.
-19
-87
Commodity
Credit
Corporatio
Federal
Farm
Mortgage
Corporatio
Federal
Bousing
Admin 1 8 trat 1 on
Ovners*
Loan
Corporatio
Treasury Bulletin
.CASH INCOME AND OUTGO.
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
The oaBh Income and outgo data appearing In the
"Treasury Bulletin, " beginning with the February 195^
Issue, are on a basis consistent with receipts from and
payments to the public as derived In the 1957 and subsequent Budgets of the United States, Special Analysis A.
Reconciliation to cash deposits and withdrawals In the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
account of the Treasurer of the United States Is shown on
resent direct cash borrowing from the public.
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing
to,
the puDllo.
By these arrangements,
data in
enterprises
through
sales of their own securities.
It excludes changes In the public debt which do not rep-
The net
effect of all these transactions with the public Is
reflected In changes In the balance In the Treasurer's
account and In cash held outside the Treasury.
accordance with the Budget olaeslf loatlons are made availFigures for back years have been
able month by month.
Cash transactions through the Treasurer's account are
revised where necessary In order to make them as nearly
similar In general concept to those Included In the Budget
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
series, but are limited In coverage to transactions whlah
differ somewhat from those published In earlier Budget
On the other hand,
they Include receipts from the exercise -of monetary
documents as well as In the Bulletin.
authority, \*lch are excluded from receipts from the public
affect the balance In that account.
In
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
the Budget series.
Beginning with figures for the fiscal year 1953, the
series of transactions with the public Is based on the
Includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which Is complied from reports
In budget accounts and In trust and deposit fund accounts.
by all collecting and disbursing officers and Includes
account.
Operations of Oovemment-sponsored enterprises are Included
those transactions not cleared through the Treasurer's
In payments on a net basis as reflected In Treasury reports.
account.
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
account, beginning with the figures for the same year, are
Noncash Items which represent accrued obligations of the
prior to 1953 both cash transactions series are based on a
single soxirce, namely, the earlier basis of dally Treasury
Government to make payments In the future are also eliminated
from expenditures but are added later when actual payments
are made.
Receipts from the exercise of aonetary authority
(mostly seigniorage on silver)
are
excluded
as
not
Cash deposits and withdrawals in the Treasurer's
reported In daily Treasury statements.
For those years
statements which reported separate classifications for
budget results, trust account transactions, etc.
. .
.
)
)
)
,
December 1957
.CASB INCOME AND OUTGO.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In mllllone of dollars)
Net cash transactions with the public
other than borrowing
Federal receipts from
the public
U0,9U0
53,390
68,013
1950.
1951.
1952.
1953.
'•3,11'7
lt5,797
195''.
71,627
67,96U
76,773
71,860
19551956.
1957.
67,836
77,088
82,106
70,538
72,617
80,007
71, '•99
85,890
1957-January..
February
March. ..
April.
May...
June..
.
1958 to date.
-5
,271'
-232
-2,702
Plus:
Eecelpte from
exercise of
monetary
authority
Equals:
,
'1,229
2,01t7
-5,796
-505
2,919
2,512
1,839
-11,366
2,099
-3,100
3,066
-3,50'.
331
-956
6,096
7,088
6,630
1.76
-U35
37
5,073
-l,l't2
3,82i»
5,2lilt
7,220
6,923
-1,976
356
-170
-67
-5,100
-2,1U2
308
-250
2,373
776
-1,115
3,801
6,786
8,066
7,li31
'',891
7,160
7,185
-3,359
-399
1,311
-3,605
6,75''
7,501
22,5l»9
Source:
Actual figures through 1952 are based on the dally Treasury
statement and thereafter they are based In part also on the monthly
statement of receipts and expenditures of the Government (for ex-
-1,162
58lt
l.Olll
2, '•36
500
-3,028
li,6«3
-1,283
planation of reporting bases, see page II); estimates are baaed
the Midyear Berlev of the 1958 Budget, releued October 1, 1957,
lAcluAlng effeoti of propoaed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Fiscal year
or month
Cash held outside
Treasury, Increase
or decrease ( -
1,809
't,l'71
-71.7
Change In cash balance
Treasurer's account
balance Increase
or decrease ( -
5,3'»9
7,561'
11,7014
7,280
12,322
July
August....
September
October. .
Net cash
Plus:
borrowing from
the public, or
repayment ( -
Federal payments to the
public
.
.
.
:
Treasury Bulletin
CASH mCCME AND OUTGO
,
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In BlUlona of doUara)
Lese:
Budget
(not)
1/
Intragovem-
account
2/
mental
transactions
(See Table 5)
Deductions trcm
Excess
profits
tax refund
bond redemptions
:
elpta
Beceipte
Recelp
from elerclae
of monetary
autBorlty U/
Plus:
frcHn
exercise of
monetary
authority
it/
1950.
1951.
1952.
1953.
36,1>95
"•7,568
61,391
6,669
7,796
8,807
8,929
9,155
Ii3,l6l.
70,198
73,75k
73,811
2,U6
9,536
11,685
2,061
2,739
55,36li
1951*.
61t,825
6lt,655
1955.
1956.
1957.
60,390
68,165
71,029
111,369
69,926
79,851
85,397
73,525
16,060
89,585
6,188
10,737
1,''58
1,068
l»,256
1,083
5,282
11,688
2,121
1,820
5,339
7,k03
13,508
3,057
5,128
7,225
858
1,778
972
3,915
6,907
8,197
3,131
938
11,069
1957-January..
February.
March ....
650
April.
May...
June..
July
Auguat.
September
.
.
October.
See Table 1.
2,197
1,930
25
Dluala
Caah
depoBlte
In the
Treasure:
2,22ll
Il0,9li0
'•0,965
1,9711
53,390
68,013
53,1.33
2,185
2,255
2,183
2,199
2,110
Adjuatment for
net difference
due to reporting method (See
also Table U)
68,081
71,li99
71,3'i5
71,627
71,815
3,2li3
2,090
2,763
3,291
67,836
77,088
82,106
67,758
77,079
81,875
3,65l>
3,695
85,890
85,931
5,'t58
7,61.6
106
-I166
U,886
7,56U
96
109
83
101
5,3119
11,805
ll,701i
-lUO
527
12,235
5,2Uli
-W16
ii.aoii
7,280
12,322
200
7,1187
12,211.
80
1,186
llU
7,1127
3,801
6,786
8,066
3,615
3,896
3,1.10
Footnotes follow Table 7.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In mllllona of dollars)
7,10ll
8,115
.
. .
.
December
19 J7
13
CASE INCOME AND OWXSD
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollara)
Budget receipts which are
also budget expenditures
Interest paid
to Treasury
by public
enterprise
73
1950.
1951.
1952.
1953.
Other
1/
Budget receipts which
are aleo
trust fund
expenditures
1}
Budget receipts
which are also
Governmontaponaored
enterprise
expend Ituree
Trust fund receipts which are also
tovBiget expenditure^
Interest on
lavestmcnt In
public debt
securities
i/
18
Invested
trust
funds
Payroll deductions for
employees'
retirement U/
358
378
29
987
l,09'»
1,188
1,173
1,207
1,318
1955.
1956.
1957.
Itll
ll20
lt30
U39
57U
6itlt
1,365
1957-Januar7 .
February
March . . .
''5
April.
Hay...
June.
13
8U6
July
August....
September.
October.
Source:
.
See Table 1.
Other
5/
Footnotes follow Table 7.
U63
167
166
521
695
.
-
.,.
11^
CASH INCOME AND OUTGO
,
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Not borrowing, or repayment of borrowing (-);
In millions of dollAre)
Chang© In public d^bt and agency obligations held by the public
Public debt
Increase, or
decrease (-)
Plus; Net sale of obligations
of Govermoent enterprises In
the market
Public and
trust enterprise funds
W50
'•,587
1951
1952
1953
-2,135
3,883
6,966
5,189
1951'
1955
1956
1957
3,115
-1,623
Governmentsponsored
enterprises
Public
enterprle
funds
Government
sponsored
enterprises
-U02
3,369
3,355
3,068
1,686 1/
269
872
-2 ,221t
1,236
2,516 2/
2,262
held by the
public, or
decrease (-)
11,870
-5,308
175
179
153
1.U6
3,6ltO
1/
3,130
2,1(51*
-3, 71.3
-3,392
1958 (Est.)...
1957-January
Kobruary
March . . ,
-266
156
.
kO
-1,271
.
.
April....,
May
June
July
August.
September.
.
October.
,
.
.
-187
227
-75
-1.15
-1»,707
668
-3U5
190
-5,223
1,9'<2
-319
685
-298
2,373
B16
9U5
-991
1,226
1,376
567
-3l<5
1,263
U67
-
December 1957
15
.CASH INCOME AND OXTTGO.
Footnotes to Table 3
1/
2/
^
Tor further detail, eee "Budget Pecelpts and £xpendlturee," Table 1.
For further detail, see "Truat Account and Other Transactlone," Table 2
Treated as noncaah refund deductions from receipte when issued and
aa cash refund deductions when redeemed.
Conslata of selgnloraee on silver and Increnwnt reaultlng from reduction In the weight of the gold dollar; excluded from receipts from
the public but Included In cash depoalte In the Treasurer'e accotmt.
Leae than $500,000.
Footnotes to Table 4
1/
2/
iJ
For further detail, aee "Budget Becelpta and Expenditures," Table 2.
For further detail, aee "Truat Account and Other Traneactlona," Tablea 3,
U, and ^.
Includes net change In balances In Government -sponsored
enterprlae deposit fund accounts with the Treaaurer of the Uolted Statea.
Net operating expendlturoe, or receipts (-), as measiired by funds provided
b/ or applied to net security tranaactlone reflected in Treasury reports
(see Table 7). To a large extent, theae Government -aponaored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal socurltlee which they hold, and they apply the
net Income received from operations to repayment of borrowing from the
public or to Investment In Federal aecxirltles. On that basis, net
hj
'2J
6/
2/
expenditures for operations are ahown In this table In terms of the
combined net of disinvestment In Federal securities and sale of agency
obligations in the market, and net receipte from operatlona ere shown
In terms of the combined net of Investment In Federal eecurltles and
redemption of agency obligations In the market.
Not reported prior to 195^.
Conslste of only those market transactions not cleared through the
Treaaurer 'e account.
See Table ?, footnote 1.
Does not Include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value).
Footnotes to Table 5
Federal Intermediate credit bank franchise tax thro\^ December 19^
and beginning 19^3, also reimbursement by Panama Canal Company for
expenaes and servlcea.
Includea reimbursement by Federal Old-Age and Surrlvora Insurance
Trust Fmd for administrative expenaes and, beginning fiscal year
1953, alao for refunds of taxea (treated as an offset to refunds
rather than being credited to receipts); reimbursement by Federal
Disability Insurance Trust F\Bid and Hlgfavay Trust Fund for administrative expenses and by Highway Trust Fund for refmds of taxes;
reimbursement by the District of Coliabla; Federal intermediate
credit bank franchise tax after December 19^6; and beginning with
fiscal year 1957, retirement of capital stock by Federal Intermediate
credit banks.
Coaaists of payment o' eaminga euid repeorment oi capital stock to
the Treasury through 1952, and beginning 1955, payment of franchise
tax by banks for cooiMratlves.
Includes relatively aaall amounts of deductiana from ealarlea paid
Beginning
by truat funds and Government -sponaored enterprises.
with fiscal year I956 excludes deductions fron aalariea of District
of Colimibia employees. See footnote 6.
Conalsts of payments to smployees' retirement funds representing
Qbited States and Goverment corporation shares of contributiona;
payments to the Railroad Retirement Account (for creditable
military service), the Unemployment Trust Fund, veterans* life
insurancs ftmds, truat fund for technical services and other
assistance mder the a^lcultural conservation program, auL District
of Columbia; and ovarda of Indian Claims CoiBdasion.
Includes District of Columbia share of contributions to the Civil
Service retirement fund; payments to Federal Old-Age and Survlvora
Insurance Truat Fxmd by Railroad Retirement Board, and by Federal
Disability Insurance Trust Fxmd estimated far 195S; transfers
from Civil Service retirement fund to Foreign Service retirement
fiaid except 1958 actual expendlturea; transfers from Railroad
Uunrploymsnt Insurance Admlnlatration Fund to IMemployment Trust
Fond and beginning with fiscal year 1953, deductions from salaries
of District of Columbia employees for retirement.
Less than $500,000.
Revised,
Footnotes to Table 6
1/
2/
3/
Uy
'2J
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
Public debt interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a dxis and payable
baals to an accrxial basis; for 195**, consists only of public debt
interest checks and coupons outstanding; net increase, or decrease
Not reported aa a separate clearing account prior to 195*+;
(-).
Intereat reported when paid by Treaaurer prior to November 19'*9.
Treated as noncash expenditures at the time of Issuance of the aecurltlcB and as cash expenditures at the time of their redemption; net
Issuance, or redemption (-).
Issued In 193^ In exchange for adjusted service certlficatea held by
veterans of World War 1. The bonds matured In 19'*5Issued in I9U7 In payment for accumulated leave. The last of these
bonds matured In 1951-
6/
2/
8/
•
Part of the United "tatea subscription to the cspltal of the Internatlon^-l Ba. - for Reconstruction and Developiuent and to the International Monetary Fund was paid In the form of nonlnterest-bearlng
nonnegotlable notea payable on demand (see 19^*7 Annual Report of the
Secretary of the Treasury, pages U8, 35O, and 385). The last of the
notes Issued to the Bank was redeemed in 1950By wholly owned Government enterprises; beginning 1951, euch net Investments are reported separately and are not Included in expenditures
(see "Trust Account and Other Transactlone," Table U).
Checks outstanding less deposits In transit, and changes In other
accounts; net Increase, or decrease (-). For public debt Interest
Included prior to 195**, ses footnote 2.
Less than $500,000,
Footnotes to Table 7
In this table, beginning 195^, In accordance with treatment In Budget
documents, net Investment In Ubited States securities by Government
sponsored enterprises includes a small amount by other enterprleea
regarded as representing net transactions with the public. In Table U
under "Truat Account and Other Transactions," theae amounts are included in trust and deposit fund account investment.
Doea not include inveataente repreaentlng acquired aecurities amounting
to $1,6U3,070 (par value) and donation of securities smountlng to
$U5,800 (par value).
Accrued discount on savings bonds and bills, which is included in the
U/
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
Treated aa noncaah trenaactlona at the tioM of Isauance aul as cssh
transsctlons at the tine of redemption; net lesiiance, or redemption
(-).
2/
6/
2/
*
Excluded from borrowing beceuse the transactions are trested as expenditures in Table 6.
Excluded from borrowing because the transactions sre treated as deductions from receipts In Table 3.
Market transactions In public debt securities snd agency obligations.
Lass than $500,000.
Treasury Bulletin
16
.ACCOUNT OF THE TREASURER OF THE UUITED STATES.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
branches. As the balances In these accounts become depleted, they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
account to the tax and loan account In the same beink. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which
they arise until such time as the Treasury needs the funds
In this way the Treasury Is able
for Its operations.
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities. In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's dODoeltary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, Pages SJ'y-SSh.
Table 1.- Status of the Account of the Treasurer of the United States
.
,.,
.
December 1957
17
,
ACCOUNT OF THE TREASUPER OF THE UNITED STATES
.
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In mllllonfl of dollara)
I^oceeds from ealee of oecurltlea l/
During period
WltMrawala
Tax
antlcipatlo
eecurlties
1950
1951
1952
1953
3,755
3,390
2,226
2,667
195'»
3, '•57
1955
1956
1957
l.,U2lt
3,810
2,976
1957-<ranufiry..
February
March
.
April....,
May
Withheld
excise 2/
5,831.
2U6
215
197
October ,
202
,
2/
950
l.,212
1,61*9
3,870
15,859
19,898
10,227
".,791
1.1,61.1.
39,879
7,1.93
8,167
786
6,568
20,538
23,897
26,709
2,967
It, 611
te,07i.
1.2,51.5
'.,365
7,299
39,11.0
38,871
^,633
5,1.86
'.,152
1.5,1.1.8
1.6,000
l.,082
6,078
1,910
1,103
813
3,991
3,373
2,967
1,1.75
3,21.7
3,238
2,381
1,161
2,027
3,261
2,757
1,81.7
8,092
l.,208
5,912
2,872
2,027
6,078
1,038
1,259
2,500
1,192
3,015
2,906
1,1.1.2
5,596
3,253
3,81.1
I.,3l8
l.,509
2,21.0
5,207
3,838
3,938
5,1^3
3,516
2,086
U,o82
5,027
2,050
3,359
3,308
1,21.7
137
l.,552
5,801
U,1.U
3,265
2,833
3,331
5,818
6,291.
3,920
5,886
2,833
1,078
1,353
2,331
6,001.
2,572
5,755
2,286
3,555
1,171
3,011.
1,''85
2,922
1,693
2,692
Office of Fiscal Aaaletant Secretary ; figures are on basis of
telegraphic reports.
Special depoeltarlea are permitted to make payment In the form of
a deposit credit for the purchase price of United Statee Government
obligations purchased by them for their own account, or for the
account of their customers who enter aubscrlptlona through them,
when this method of payment la permitted under the terms of the
circulars Inviting subscriptions to the Issues.
Taxes eligible for credit consist of those deposited by taxpayers
Withheld Income tax beginning
In the depositary banka, aa followa:
Source;
1/
.
2,609
3,208
3,255
5,01.1
lt,30U
211)
July
Auguat . .
September
830
1,1.31
1,1.25
3,268
5,680
5,106
3,071
U,836
227
2W
3,71.1
6,293
36,1.93
1.1,267
3 Oil
233
227
16,877
128
6,971
5,21*3
5,01.3
period
13 ,270
287
5,977
6,035
special
arrai^e-
ent) 1/
13 ,579
2, "51
6,861
End of
7,287
10,331
3, '•37
U,679
2,231
2,333
lac one {bj
3,002
2,862
1,222
23
21.,
li,7l.O
li,910
5,751
15,380
21,716
37,066
1.3,303
5,1.09
8,776
856
813
1,1.39
l.,306
2,831.
March I9I.6; taxes on employers and employeee under the Federal
Insurance Contributions Act beglnnli^ January 1950, end under the
Railroad Retirement Tax Act beginning July 1951; and a number
of excise taxes beginning July 1953.
Under a special procedure begun In March 1951, authorization nay
be given for Income tax payments or a portion of them, made by
checke of $10,000 or more drawn on a special depositary bank to
be credited to the tax and loan account In that bank. Thla
procedure la followed during some of the quarterly periods of
heavy tax paymenta
,
.
..
.
-
.
Treasury Bulletin
IS
.DEBT OUTSTANDING.
Table
1.-
Summary of Federal Securities
(In mllliona of dollars)
ma
of
flecal
year or
nonth
Guaranteed
eecurities 2/i/
Total 1/
ties 2/
1950
1951
1952
1953
257,377
255,251
259,151
266,123
257,357
255,222
259,105
266,071
255,209
252,852
256,863
255,226
252,879
256,907
263,997
l,27ll
i,3oe
268,910
2,351
2,6311
2,350
2,633
2,868
l.Ull
1,567
502
271,7111
269,883
I160
2,01l2
666
529
l,7li2
268,1186
1,068
UUli
270,6311
272,751
270,527
1956-December.
276,731
276,628
2711,322
2711,219
1957 -January..
February.
276,335
276,378
275,108
276,229
276,269
273, Sou
27ll,027
2711,999
272,881
273,698
273,919
272,773
111
275,337
27ii,ooe
275,2311
272,168
273,176
268,592
270,6311
270,527
J.Oi
272,1169
273,8li5
September
272,575
273 ,9511
27U,527
27li,lil2
270,700
272,126
272,802
Cctobsr..
2711,170
2711,067
272,508
.
.
I177
2,ll09
2,ll08
2,532
2,351
2,227
2,531
2,350
2,226
6I1I
6I17
1,383
1,262
1,132
272,066
1,9113
l,9'l2
550
9I17
Hi 5
273,0711
268,li86
2,161
2,160
532
2,0li2
2,0ll2
529
1,182
1,068
l>kk
270,595
272,018
272,688
1,875
1,328
1,725
1,8711
I472
1,928
I17Q
l,72li
1157
272, ''06
i,662
1,661
106
108
109
Source: Dally Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
3/ Conelats of FBA debentures beginning March 19^3
±/ Special notes of the United States issued to the International
Monetary Fund In payment of part of the Oblted States subscription
Guaranteed
eecurltlea 2/
(matured)
613
575
550
525
I1I9
2711,3711
271*,
1,270
1,283
298
271,260
April
May
June
y
265
512
2,125
272,825
March
2,370
2,2li2
27li,lil8
107
2,lli8
2,126
271, SM
268,990
271,785
269,956
268,592
Total
2,150
2,372
Other
5/
2,2llll
19^
711
17
Monetary
Fund
263,9116
1955
1956
1957
.Vuriuat
Matured debt and debt bearing no Interest
Intereat-liearlng debt
Total outataading
1,083
I150
I1I18
I1I17
I1I16
UU2
•39
960
910
829
pursuant to provisions of the Bretton Woods Agreements Act. The
notes bear no interest, are nonnegotiable, and are payable on
demand.
Includes savings stomps, excess profits tax refund bonde^and
currency items. For current month detail, see "statutory Debt
Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In mllllone of dollars)
Public issues
Total
Interestbearing
public
debt
Nonmarke table
Total
public
Treasury
Treasury bools
Other
bonds
2/
Treasury
savings
notes
ble
1950
1951
1952
1953
255,209
252,852
256,863
195''
222,853
218,198
155,310
137,917
13,533
lUo,ii07
263.9116
219,12lt
223,li08
268,910
226,681
17,219
19,707
19,515
1955
1956
1957
271,7111
228,1191
2211,769
155,206
1511,953
221,658
155,705
23
2711,219
228,581
160,375
1957 -Jan.
Feb..
228,367
160,518
160.899
Mar..
273.698
273.919
272,773
227 169
,
159,92li
Apr.
272,066
226,915
226,937
221,658
159,969
160,331
155,705
22li,272
269,883
268, U86
May..
June
273,0711
268, U86
228,lili9
1117,335
150,3511
270,595
272,018
272,688
225.308
Sept.
226,1167
158,781
160,209
161,808
Oct..
272,1106
226,338
162,237
18,U18
9,509
Armed
forces
leave
bonds
bonds,
invest
ment
series
Depositary
bonds
20,li01.
53,159
'19,636
67,5lili
35,806
18,963
112,772
36,061
28,li23
27,1160
15,8511
30,1125
18,U05
31,960
U8,200
63,980
71.706
80,281
78,717
76,073
76,326
13,836
16,303
.li20
20,li73
U0,729
35,952
30,973
81,057
20.808
25,275
25,876
25.262
19,023
20,216
35,3'i7
33,9liO
80,823
80,818
19,1133
311,367
80,
25,277
26,777
19.I13I1
3I1.I107
21,785
30,9211
23,li20
20,1173
30,973
80,802
80,796
80,789
26,li06
20,1173
311,077
17, 1119
511.021
10,88ii
116,323
116,709
19,317
80,783
80,778
80,773
65,099
35,010
611,659
53,7711
10,690
U6,221
311,692
19, 111?
3l,U3l,
oU 101
53,''Bl
13,6lli
19,5111
28,155
26,658
31,069
17,2U5
8.672
73,285
69,817
65,953
81.8I1O
80,789
Source: Dally Treasury stateasnt.
1/ Issues vhlch commercial banl:s (bajiks accepting demand deposits) were
not permitted to acquire prior to specified dates, except that:
(1)
concurrently with the Uth, 5th, and 6th War Loans ar.d the Victory
Loan, they were permitted to subscribe for limited ]nvestoM;nt of
56,293
67,2116
66,9116
55.lil8
66.606
65,953
55,193
,
2/
'','<53
5.079
511,622
56,010
55,823
55,619
511,622
511,2711
95U
526
311.653
111.0116
37,739
13.288
12,775
I1O.538
li2,229
12,589
12.009
11,135
li6,827
11.577
115,331
111,
57,li97
68,205
65,1191
8,U72
7,818
6,612
58,365
67,8119
67,550
8u
57,536
57,572
57.685
57,886
58.061
32.356
1*3,250
I15.III1
115.639
1
11,1178
I15.I170
11,389
115,603
11.307
11,203
11,135
115,151
1.6,137
I16.827
11,023
iiC.a'?
savings deposits: (2) they might temporarily acquire such
Issues through forfeiture of collaterol; (3) they might bold a
limited amount of such Issues for trading purposes.
Consists of Panama Canal bonds, and also postal savings bonds un
the last of these bonds matured on July 1. 1955-
-
...
.
December 1957
19
.DEBT OUrSTANDHC-
Table 3.- Special Issues to United States Government Investment Accounts
(In mlUlona of dollars)
Federal
Disability
XiiBurasce Inauranoe
Corpora- Trust
tion
Fui^
Federal
SaTiDga
Federal
Deposit
1950
1951
1952
1953
SurrlTors
Inauranoe
Trust Fund
32,356
37,739
Life
Insurance
Fund
3,817
79
12,096
U,0'i7
15,532
17,05k
'•,391
5,01li
6,168
6,667
5,6oe
5,85k
5,3k6
5,»8l
5,570
'•3,250
18,239
U6,827
835
673
718
1956-DecoBl)er.
''5,639
67U
19,22'l
7,215
1957 -January..
yobruaxy.
'•5,331
7'^1
18,980
19,067
19,189
7,22'i
1,189
Ii5,li70
7,228
7,217
1,18'.
7,216
7,175
7,39'^
1,173
1,165
1,200
March
15,603
720
702
April
Maj
Juna
'•5,151
'•6,137
'•6,827
706
706
718
'•6,323
'•6,709
718
670
650
Julj
August . . .
Septenber
,
'•6,221
October.
19, '•67
19, '•63
103
103
7,39'^
18,798
Ubes^loy
Bent
Truat
u
1,233
1,217
1,200
1*0,538
li2,229
It5,lllt
Postal
Sarlngf
Life
Inauranoe Syetan
Fund
5,3k2
5,k36
5,191
5,2k9
5,272
1955
1956
1957
892
Trust
Fui^
1,292
1,300
1,300
1,299
1,23k
81>6
195l>
Satlonal
Eigtaway Serrloe
tion
10, 1118
3't.653
GorenuHnt
e^loyeea* GoTemaent
and Loan retire
Insurance
Corpora-
1,802
706
552
k52
213
Fuod
2,058
2,klk
2,863
3,128
3,3k5
6.616
7,266
7,7k5
8,287
8,02k
3,ka6
3,600
3,k75
7,k79
7,737
7,996
5,kk5
3,510
5,kk3
5,k38
5,k31
3,k69
3,k92
3,k79
7,936
7,9kl
7,807
'•Ok
5,k22
5,kl6
5,570
3,k20
3,39k
3,k75
7,693
7,990
7,996
1,178
309
358
251
325
19, '•06
19, '•63
360
19,108
19,255
18.902
7,322
7,280
7,288
1,186
1,188
1,177
k07
U56
5,566
5,562
3,k06
7,980
5,552
3,362
3,307
8,23i»
510
18,780
7,316
1,173
581
5,550
3,2kO
8,031
i4lt7
U61
61.6
Source: Dallj Treasury atatenant.
1/ Includee Canal Zone Poatal SaTings SjreteB.
2/ Conaleta of: Farm Tenant Mortgage Inauranoe Fund (through March 1956),
8.127
Adjuated Serrlce Certificate Fund (through Deceaber 1956),
Tarloua housing Insurance funda, and Veterans* Special
Tera Insuranoe Fund.
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar aaounts In allllona)
Total Intereat-bearlng securities
End of
flacal year
or Bonth
Cogputad annual Interest rate
Public debt
Total
Marketable issues
Interest'
Public debt
and guaranteed aeourities 1/
Fubllo debt
and guaranteed securities i/
bearing
aecurities
1.3kk
1.399
1.560
1.75k
1.838
2.322
2.327
2.317
2.3k2
2.kko
2.569
2.623
2.659
2.720
2.751
2.589
2.606
2.675
2.7k6
2.671
2.625
3.3k5
1.8k6
2.075
2.50k
2.k80
2.ke5
2.ka2
2.789
2.82k
2.853
2.585
2.705
2.635
3.0k6
2.928
2-337
2.836
2.703
3-179
3.259
3-261
2.928
3.222
3.320
2.336
2.359
2.380
2.ka2
2.k8e
2.k82
2.838
2.8k0
2.8kl
2.703
2.703
2.702
3-2kl
3-173
3.197
3.320
3.339
3.3k5
2.379
2.506
2.50k
2.ka2
2.ke2
2.ke2
2.8k6
2.8k8
2.853
2.70k
2.699
2.635
2.kee
2.k82
2.k8S
2.856
2.659
2.861
2.635
2.637
2.3k2
.8k3
2.351
2.576
2.730
2.351
2.576
2.730
2.079
2.k27
2.707
1.539
2.65k
3-197
2.591
7,338
7,kk2
7,k30
2.683
2.719
2.726
2.683
2.719
2.726
2.612
2.673
2.68k
7,k08
7,k9k
7,325
2.725
2.7k6
2.730
2.725
2.7k6
2.730
2.681
2.718
2.707
7,kll
7,763
7,835
7,866
2.7kl
2.857
2.876
2.891
2.7k2
2.857
2.877
2.891
2.725
2.922
2.951
2.97k
6,k31
1,298
1955
1956
1957
271,785
269,956
268,592
271, 7kl
269,883
268,k86
6,388
6,952
7,328
6,387
6,950
7,325
1956 -December
27k, 322
27k, 219
7,321
7,318
1957 -January.
February
March
273,80k
27k, 027
272,881
273,698
273,919
272,773
7,3kO
7,kk5
7,k33
April...
May
June.. ..
272,168
273,176
268,592
272,066
273,07k
268,k86
7,kU
July
August. .
September
270.700
272,126
272.802
270,595
272,018
272,688
October.
272,508
272, k06
5,613
5,7kO
5,981
2.200
2.270
2.329
2.k38
Source: Dally Treasury atateaent.
Note: The computed annual. Interest charge repreaenta the aaount of
Interest that would be paid If each interest-bearing issue outstanding at the end of each month or year should remain outatandlng for a
year at the applicable «nn\iwl rate of Interest. The charge is computed for each leaue by applying the appropriate annual intereat
rate to the amoiAt outstanding on that date. The aggregate charge
for all interest-bearing laeues constitutes the total computed
annual intereat charge
The average annual Interest rate is computed
.
y
1-875
1-875
2.319
1.928
5,613
5,7kO
5,982
6,k32
6,300
7,klk
abls
i/
1.187
1.569
1.711
2.25k
255,209
252,852
256,863
263, 9k6
268,910
7,766
BlUs
1.958
1.981
2.051
2.207
2.0k3
255,226
252,879
256,907
263,997
268,990
Ron-
arketTotal
2/
2.200
2.270
2.329
2.k38
2.3k2
1950
1951
1932
1953
195k
7,k96
7,328
Total
public
debt
1.163
1.173
3-259
3.3k5
3.uiio
3.5k0
3.650
3.659
2.501
2.705
2.828
3.661
3.663
2.822
2.636
2.637
by dlTldlng the oos^uted annual interest charge for the total, or for
any group of issues, by the corresponding principal amount.
1/ Excludes guaranteed securities held by the Treasury.
2/ Total Includee "Other bonds"; see Table 2.
3/ Included in debt outstanding at face aaount, but discount ralue is
used in ccaputlng fn"^i^1 Interest charge and annual intereat rate
k/ The annual interest charge and armiial Intereat rate on ttolted States
savings bonds are computed on the baais of ths rate to maturity applied
against the amount outstanding.
Treasury Bulletin
.DEBT OOTSTANDIMG.
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies 1/
(In milllone of dollare)
Bid of
fiscal
year or
month
:
;
December 1957
STATUTORY DEBT LIMITATIOM
757
The Second Liberty Bond Act, as amended (31 U.3.C.
provides that the face amount of obligations Issued
ginning on August 2S, 195^, and ending on June 30, I956,
by acts approved August 28, 19511, and June 30, 1955; and
by $3 billion beginning on July 1, I956, and ending on
l>).
under authority of that act, and the face amount of
obligations gutiranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
June 30, 1957, by an
aggregate $275 billion outstanding at any one time,
statutory debt limitation at current redemption values,
5U!t
approved July 9, I956.
Obligations
Issued on a discount basis, and subject to redemption prior
to maturity at the option of the owner, are Included In the
except that this amount was Increased by j6 billion be-
Table 1.- Status under Limitation, October 31, 1957
.
(In mllllonB of dollara)
-
Mailnum amount of aecurltlea i*lcb may bo outetandlng at any one tine, under llaltatlon Impoaod by the
act
of June 26, 19li6 (31 U.S. 0. 757 b)
Amount of aecurltlee outatandlng aubject to such statutory debt limitation:
U. S. OoTernment aecurltlea Issued under the Second Liberty Bond Act, as
amended
Guaranteed aecurltlee (excluding those held by the Treaaury)
o,, 5,,
'1O3
Total amount of aecurltlea outstanding aubject to atatutory debt limitation
273
—
Balance laeuabls under limitation
Source:
730
TTto^
Dally Treasury atatement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding October 31, 1957
(In
mlUlone of dollars)
Subject to
statutory debt
llmltatlcn
Not subject to
statutory debt
limitation
Total
outstanding
Public debt.
Interest-bearing securities:
Marketable
Treasury bills
Certificates of Indebtednes
Treasury notes
Treaaury bonds
Panama Canal bonda
26,659
26,659
3'',69S
19,lil2
Bl.tel.
3't,692
19,ltl2
Total marketable.
162,187
162,237
U. S. aavlnga bonda (current redemption Taliie).
Depositary bonda
Treasury bonds, Inrestment series
53,'t8l
SS.^tSl
Total nonmarketable
6U,101
-
8l,ll2l>
50
R onmarke table
16U
l61t
10,li57
10,li57
Special Issues to Government agenclea and trust funds.
Total interest-bearing securities
272,356
272,li06
Matured securities on which Interest has ceaaed
Debt bearing no Interest:
Itolted States savings stamps
Erceas profits tax refund bonds
Special notes of the United States, International Monetary Fund Series.
Uilted Statea notee ( leea gold reaerve )
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no Interest
Total debt bearing
;
780
191
interest.
1,216
Total public debt
273,627
Guaranteed securities: l/
Total guaranteed aecurltles
Total public debt and guaranteed securities
Source:
Dally Treasury statement.
273,730
1/
Excludes guaranteed securities held by the Treasury.
Treasury BuUeiin
22
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding October 31, 1957
(In Killloiu of dollATs)
December 1957
23
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding October 31, 1957 - (Continued)
(Id fflllllona of dollars)
Treasury Bulletin
2^^
.UEBI OFERATIOHS.
Table 2.- Offerings of Treasury Bills
(DolXar amounts In miU-lonfi)
Deecrlptlan of new Issue
Number of
dajTB to
maturity
Kegular weekly bills:
1957-JuU
1957 -Oct. 3
Oct. 10
Oct. 17
Oct. 2li
5
July 11
July 18
July 25
Aug.
1
Aug. 8
Aug. 15
Aug. 22
Aug. 29
Oct.
Hot.
Not.
Nov.
Not.
Sept. 5
Sept. 12
Sept. 19
Sept .26
Dec.
Oct.
Oct.
Oct.
Oct.
Oct.
-Jan.
3
10
17
2U
31 p
Hov. 7 p
Hot. lU p
Not. 21 p
Hot. 29 p
Taj anticipation bills:
1957^uly
3
Other bills:
1957 -Aug. 21
31
7
Ik
21
29
Amount of
bids
tendered
Amount of bids
Total
On competitive basis
On noocampetitive basis l/
Amount
maturing oc
Issue date
of new
offering
Total unmatured issues
outstanding
after new
issues
)
December [957
25
.DEBT OPERATIONS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar aKiunts In nllllona)
Oeeorlption of Isaue
Rev Bonej raieed froa
AiBount
Numbflr of
daya to
aturlty
of blda
tendered
Average rate
on t>lda
accepted l/
Anount
of bide
accepted
1953 -Aug.
Aug.
Aug.
7
21
28
June k
June 11
June le
June 25
Sept.
Sept.
Sept.
Sept.
Sept.
July 2
July 9
July 16
Oct.
Oct.
Oct.
Sept. 10
regtilar weekljr
Mile
(
1953 -May
May
May
6
2,166
20
27
2,3110
Percent
1,500
1,501
1,501
2.352
2.092
2,087
18
2.08''
200
200
200
1,676
1,782
800
1,500
2.383
3
10
17
2U
2,290
2,207
1,985
1,''00
1,501
1,500
2.323
2.228
1.95''
199
198
300
300
1
15
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
101
8
2. '•16
Dec.
10
2,023
1,501
1.953
195'' -Mar. 22,
195'i-June
21i
2,717
1,501
.956
1,501
Apr. 27.
June
16
2,987
1,001
.726
1,001
1955 ^uly 7.
July Ik,
6
20
27
2,119
2,258
2,390
2, ''03
1,600
1,600
1,600
1,601
1.5''l
July 21,
July 28,
1955-Oct.
Oct.
Oct.
Oct.
i>,
Aug.
Aug. 11.
Aug. 18,
Aug. 25.
MOT.
Hot.
Hot.
Hot.
10
17
25
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
Sept. 1.
Sept. 8.
Sept. 15.
Dec.
Deo.
Dec.
Dec.
Dec.
8
2,20e
2,282
15
2,65''
Sept .22.
Sept .29.
22
29
2,328
2,317
1,600
1,602
1,6CC
1,601
1,601
Dec. 15.
1956-Mar.
23
'',130
1,501
2. '165
1957-Jan.
l6
'•,761
1,603
2.627
Feb.
15
'•,637
1,750
2.617
Dec
Mar.
22
3,786
1,006
2.585
-Jan
Jan
June
May
2U
2
Feb.
7
Feb. lit
Feb. 15
Fob. 21
Feb. 28
May
May
June
May
May
9
16
2U
23
31
2,626
2,719
2,302
2,580
Mar.
Mar.
Ill
June
June
6
13
May
27
Sept. 23
-Oct
7
13
3
1
1.606
1.619
1.720
2.135
2. Id
1.981
2.122
1,603
1,750
1,006
3.305
3.283
2,7''l
1,700
1,700
1,750
1,800
1,802
3.133
3.057
3.231
3.182
3.288
2,769
2,830
1,800
1,802
3. 2^6
119
3,689
1,501
2.825
1,501
3,002
3. ''85
3,ooe
1,751
''.173
3
1958-Mar.
2li
261.
U,5lt7
Apr.
15
237
3,178
Source : See Table 2
1/ BlulTalent aTerage rate on bank discount basis.
Tax anticipation bills dated January 16, 1957, were offered
2/
3.239
.
2/
100
100
100
1,601
1,700
Aug. 21
July
-
Increase In
i/
for cash and in exchange for special bills naturlng January 16.
Tax anticipation bills dated February 15, 1957, were offered
for cash and in exchange for special bills aaturlog February 15.
.
,
Treasury Bulletin
.DEBT OEERATIOKS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Amount Issued
Amouat of
Bubacrlptlo
tendered
EeBcrlptlon of
Cash 1/
Sxchanee
For
cash 1/
rltles 2/
(Tn millions of dollars)
2-lAl' Certificate
2-1,^)1 Bond
-
2/15/51.-A
1 jr
8,111.
-
12/15/58 1/
5 jr
620
''/1/53
1-1/211 lote
-
I./1/58-EA
5 yr
383
5/1/53
6/1/53
3-lA* Bond
2-5/8* Certificate
-
6/15/78-83
30 jr
-
6/l/5lt-B
1 ST
2/15/53
2/15/53
7/15/53
2-l/2jt Certificate
(tai aht. 2/)
3/22/51.-C
8/15/53
2-5/8* Certificate
8/15/5I.-D
1 jr
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* note
l-l/S* lote
9/15/51. -K
1 jr
3 yr
-
25 yr
3/15/57-A
10/1/58-BO
2 -3 A* Bond
9/15/61
7 jr
10
I2/I5/5I.-B
1 yr
12/15/58
5 yr
^
10
2/15/5*
1-5/8* Certificate
2-1/2* Boni
1-1/2* Hote
2/15/55-A
11/15/61
1 yr
I./1/59-I5A
5
yr
1-7/8* Bote
2/15/59-A
1.
yr
1-1/8* Certificate Certificate (tax ant. 11/)
5/17/55-B
3/22 /55-C
-
8/15/55-D
11/15/60
5/15/57-B
5/l7/5k
8/2/51.
8/15/51.
8/15/5".
loA/51.
10/1/5*
8/15/51.
12/15/51.
12/15/51.
2/15/55
2/15/55
2/15/55
1./1/55
Vl/55
5/17/55
7/18/55
2/15/55
1*
1-1/8* Certificate
2-1/8* Bond
1-5/8* lote
1-1/2* Rote
-
1.185/
4,858
5,902
9
»
9
m
li,72lt
It,
2,997
121
2,997
121
8,175
8,175
721.
1,71.8
1,71.8
7.007
7,007
11,177
119
U,177
119
2,897
3,886
a/
1 yr
3,558
3,806
6 yr
2 yr
8/15/55-D 11/
12/15/55-b;
8/15/63
3,558
3.806
l.,155
8,190
1 yr
1 yr
8 yr
l.,919
l.,919
5,359
6,755
5,359
6.755
1 yr
2 yr
8,1.72
8,1.72
3,792
3,792
yr
1,921.
1,921.
1-5/8* Hote
Hote
Bond
3/15/56-A
8/15/57-C
2/15/95 iS/
1-3/8* Certificate (tax ant. l£/)
6/22/55-F
1-1/2* Rote
I1/I/6O-KA
5 yr
8/15/56-B 11/
1 yr
2*
3*
Rote
1-7/8* Certificate (tax ant. 12/)
Bold
3/22/56-A
-
6/22 /56-B
3*
8/1/55
2*
Certificate
(tax ant.
5/17/55
2*
Rote
10/11/55
1,188
10/1/59-K)
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bool
2*
m
6
5 jr
7 yr
383
2/
2,788
1-7/8* Hote
2-1/2* Bond
"•/l/5k
1.18
8,687
12/1/53
2/15/53
5/l7/5"i
5,250
l.,858
11/9/53
2/15/51'
li
8,11U
620
^)
2-lA* Certificate
198
3,989
3
3,171.
10,620
198
2,532
3,171.
2,202
2/15/95 15/
10^
8/15/56-B 12/
-
1.0
1 yr
1,1.86
1
31
6/22/56 -c
(tax ant. 22/)
r
I
t
10/1/55
1-1/2* Rote
12/1/55
2-5/8* Certificate
12/1/55
2-7/8* Rote
6/15/58-A
21./
2 yr
12/1/55
2-5/8*
2-7/8*
2/15/57 -A
6/15/58-A
21./
2 yr
1-1/2* Rota
I./1/61-EA
5 yr
11.1.
1 JT
12,056
10/1/56
Hote
8/1/57-D
2-3A* Certificate - 3/22/57-B
(tax ant. 25/)
1-1/2* Hote
10/1/61-KI
7,271
7,271
yr
8,1.11.
8,1.11.
l3yr
1,1.61.
l'/l/56
7/16/56
8/15/56
2 -3
10/1/60-EO
5 yr
278
278
12/1/56-D
1 yr
9,083
9,083
2,283
2,283
A*
12/1/56
3-lA* Certificate
1 12/1/56
3-lA* Certificate
[2/15/57
1 2/15/57
3-3/8*
3-1/2*
2/ii./5e-Ai
2/15/57
2/15/57
3-3/8*
3-1/2*
2/1I./58-A1
1
f
I
f
I
Ui
-
7,219
2,109
12,056
6/il./57-C
(tax ant. gl/)
1./1/57
1-1/2* Hote
5/1/57
5/1/57
3-1/2* Certificate
3-5/8* Hote
-
10/1/57-D
5/l5/6a-/^f
5/15/60-At
li/l/62-BA
-
^
^
^
g
ri
7,1.89
2,1.37
13 yr
5,868
9I.2
5 yr
I./I5/58-B
2/15/62 -A
l.UfiU
[1 yr
2,351
1.
yr
_9ij
(Continued on follcwlng page)
61.7
I
.
December 1957
27
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness -(Continued
BubBcrlptloD
v«re
op*ned
ABOunt of
aubscrlptlo
tendered
Svacrlptlon of eeourltj
l)ookB
Cash 1/
teoimt laaued
»or
caah 1/
for other
aecurltiea 2/
(In mlUlons of dollara]
6/1/57
8/1/57
8/1/57
3-5/8* Certificate
U*
Cartlflcate
l»)t
Bote
r 8/1/57
Certificate
Rote
Bond
r
7/22/57
I
9/16/57
9^6/57
[10/1/57
y
11/21/57
-
-
12/1/57-1
8/1/58-C
8/1/61-A
8/1/58-C
8/15/62 -B
10/1/69
9,871
10,li87 p
20/
31/
22/
22/
2,509 P
1 yr
U yr
12 yr
3,067 p
6,121 p
It,61i8 p
7,786 p
3,817 P
10/1/57
1-1/2)1 Hote
-
10/1/62 -SO
ru/29/57
[12/2/57
3-3/l>»Hote
3-7/8* Bond
-
ll/15/62-C
-
11/15/71.
16 yr
3-3/li* Certificate
-
12/1/58-D
1 yr
12/1/57
FrellHlnarj figures or* from subtta* Public Oobt.
criptlon azid allotaent reportaf final figurea are on "clearanoe"
baaia in daily Treaaury etateaent.
Consieta of all pu1>lic caab eubecriptlona and aubaorlptiona by
TSmted States Gorenawnt Inreetaent acco\int8.
far Baturloe aeouritles exchanged for the nav iaauaa, aea Table 6,
The 2-1/2^ boulfl dated rebruary 1^, 1973, vera reopened vlth all
the bonda of the aeriea Identical in all reepeote, aa an ezohan^e
offerlne for the 2-l/6^ notes which natured DeosBber 1, 19^3'
Total exchangee in the two offerings aaoonted to $2,368 Billion.
Xxchanga offering aTsilabls to ovnere of nonaarketable 2-3/^1^
Treasury Bonda, Inrest^nt Series B-1975-80, dated April 1, 1951.
For further InforBation on the original offering see "Treasury
Bulletin" for April 1951, page A-1. Aaounta shown are as of
^
2/
y
k/
^
6/
2/
8/
2/
\0/
11/
1^/
oreabsr
3*, 1957.
The bODd offering was sade arallable for ezohange of Series T and G
savings bonds aattiring from May 1 through I>eceBber 31. 1953.
Total allotaenta en caah subacriptlona were limited to approximately
$1,000 million. Bonbank aubacrlptiona in amounts up to and including
$5^000 were allotted in full. All other eubsorlptiona were allotted
20 percent. Co^wrcial banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits aa of
December 31, 1952. The Treaaury alao reaerred the right to allot
limited amounts of these bonds to Government investment accounts,
vhioh aubecrlbed to a total amount of $ll6 million. Payment for the
bonds allotted could be made vlth accrued interest at any time not
later than July 31, 1953Alao designated tax anticipation certlfieatea, acceptable at par plue
accrued intereat to maturity in payment of Inocas and proflta taxes
diM March 15, 195^.
Subscriptions for amounts up to and Inclnaing $100,000 vers allotted
In full. Subscriptions for amounts over $100,000 vere allotted 67
percent but in no caae lass than $100,000.
Subscriptions for amounts up to ai^ Includii^ $10,000 vere allotted
In full. Subacriptlona from mutual savings banks. Insurance companies, pension and retirement funds, and 3ta^e and local govemmpnts
vere allotted 2U percent. AH others , Inoltillng oonwrcial banks,
vere allotted I6 percent but not less than $10,000 on any one
subscription.
Subscriptions for amounts up to and Including $10,000 vere allotted
in full. All other subscriptions vere allotted 22 percent but in no
caae leaa than $10,000,
Alao deaignated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in paymsnt of Inooms aoA profits taxes
due March 15, 1955Subacriptlona for amounts up to and Inolalii^ $50,000 wsre allotted
in full.
Subscriptions for amounts over $50,000 vere allotted
l^
pi/
1,5/
16/
9,871
10,U87 p
2,509 P
933 P
2,000 p
657 P
lioo 22/
35/
l,l"i2 p
653 P
9,831 p
Souro«i Bureau of
100
100
100
22/
9,831 p
^0 percent but In no caae leas than $50,000.
The 1-1/6^ certificates dated Auguat 15, 195!^, ver* reopened vlth
all the certlflcatea of the series identical in all respects, as an
exchange offering for the 1-7 /8lt notes vhioh matured December 15,
195>*, the 2^ bonds vhioh matured December 15, 195^, ai^ the 2^ bonds
vhlch vere called for redemption on December 15, 195^* Total exchanges In the tvo offerings amounted to $8,^77 million.
Subscriptions for amounts up to and Including $50,000 vere allotted
in full.
Subacrlptlons for amounts over $50,000 were allotted 50
percent but In 00 case less. than $50,000.
The Zi» bonds dated February 15, 1955, vere reopened vlth all the bonda
of the aeries identical in all respects, aa an additional cash offering
on July 11, 1955. The total amount issued In the tvo operations vas
$2,7^5 mlUlon.
Alao deaignated tax anticipation certlflcatea, acceptable at par plus
accrued Interest to msturlty in payment of income and profite taxes
due June 15, 1955The 2^ notes dated May 17, 1955, were reopeasd vlth all the notea of
the series identical In ail respects, as an exchange offering for the
1-1/8^ certificates maturing Auguat 15, 1955. Total exohangaa In the
tvo offerings amotinted to $10,015 million.
18/ Caab subscriptions for $100,000 or less vere allotted in full. Subacriptlona for more than $100,000 vere allotted 6Z percent but in no
case less than $100,000.
Ig/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in paymsnt of income and profits taxes
due March 15, 1956.
20/ Subscriptions for $100,000 or less vere allotted in full. Subaorlptlons for more than $100,000 vere allotted 19 peroent but In no oaae
leaa than $100,000.
21/ Sabscrlptlons from savings-type Inveatore totaled $7'»9 million and
vere allotted 65 peroent. Subscriptions fl'om all other inveatore
totaled $970 million and vere allotted 30 percent. Subscriptions
for $25,000 or less vere allotted In full. Subscriptions for more
than $25,000 vere allotted not leaa than $25,000. In addition to the
amount allotted to the publlo, $25 11111100 of the bonds wt> allotted
to Oovemmsnt investment accounts. Savinga-type investors vere given
the privilege of djaferrlag paymsnt for the bonds, provided that not
less than 25 percent of the bonds allotted vere paid for by July 20
1955,, not less than 60 percent by September 1, 1955, and. full payment
by October 3, 1955.
22/ Also designated tax anticipation oertlf Icetes , acceptable at par plua
accrued Intereat to maturity in payment of income and profits taxes
due June 15, 1956.
23/ Subacriptlona for $100,000 or leaa vere allotted in full. Subacrlptlons for more than $100,000 vere allotted 32 percent but In no case
less than $100,000.
Boulnlmg footnotes on folloviog page.
VjJ
Treasury Bulletin
2g
.DEBT OPERATIONS.
Footnotes to Table 4
2kJ
2^/
26/
22/
28/
22/
30/
The 2-7/8^ notaB dated December 1, 1955, were reopened with all the
notee of the series Identical In all reepecte, ae a partial eiohange
offering for the 1-5/8* notes aturli^ March 15^ 1956. Total exchangee In the two offerings anounted to $'».392 lllion.
Also deaignated tax antlolpatlon oertlficetee, acceptable at par plus
accrued intereet to maturity In paynent of Inooae and profits taxes
due March 15. 1957.
Subscriptions for $100,000 or lese were allotted In full. Subscriptions for more than $100,000 vere allotted 29 percent but in no oeep
leas than $100,000.
Aleo designated tax anticipation certlflcatoe, acceptable at par plus
accrued Interest to maturity In pajrment of Income and profits taxes
due June 15, 1957.
The 3-3/8$ certificates dated February 15, 1957, and the 3-1/2$ notes
dated February 15, 1957, were reopened with all the certificates and
notee of each aeriea identical In all reapeote, as an additional cash
offering on March l8, 1957. Total Issues In the two offerings amounted
to $10,851 Billion for the certificates aM $2>06 million for the notes,
Subscriptions in excess of $100,000 were allotted 3I percent for the
certiflcatea and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and eubscriptlons for more
than $100,000 were allotted not less than $100,000. In addition to the
amount allotted to the public, $100 million of the notee were allotted
to Govemment Inveetment accounts.
The 1*^1 certificates dated August 1, 1957. wore reopened with all the
certificates t>f the aeries identical in all reapects, as an additional
cash offering on September I6, 1957. The total amount lasued in the
two operations was $11,519 mlillon.
^
-
(Continued)
Bedeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each isaue to Qoremment Investment accounts.
ij/ Redeemable at the option of the holder on February 15, I960, on three
months' advance notice.
^kj Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both iasuea were allotted in full, and subscriptions for
more than $100,000 were allotted not lees then $100,000. In addition
to the amounts allotted to the public, $100 million of each issue were
allotted to Government Inveetment accounta.
3^/ Subscriptions for $50,000 or lesa were allotted in full. Subscriptions
for more than $50,000 were allotted 10 percent but In no case leas
than $50,000. In addition to the amDunt allotted to the public, $100
million of the bonde were allotted to Government inveetment accounts.
Payment for not more than 50 percent of the bends allotted could be
deferred until not later than October 21, 1957.
36/ Subscriptions for $10,000 or lees were allotted in full. Subscriptions
for more than $10,000 were allotted 25 percent to savings-type inveatore
and 12 percent to all other aubecrlbers, but in no case leas than $10,000.
In addition to the amount allotted to the public, $100 million of the
notes were allotted to Government investment accounts.
32/ Subscriptions for $10,000 or leas were allotted in full. Subscriptions
for more than $10,000 were allotted 26 percent to savings-type investors
aal 10 percent to all other subscribers, but in no case less than $10,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts.
Prelimlmary.
p
32/
December 1957
29
.DJ3T OPEEATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/
(Id Bllllona of dollara)
Issue
)
Treasury Bulletin
30
.DEBT OPERATIONS.
Tables.- AllotmentB by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds. Notes, and Certificates of Indebtedness i/- (Continued
(In mllllona of dollare)
Iseue
December 1957
31
.DEBT 0Pi3?ATI0NS,
Table 6,
Dlepoeition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
-
-
.
Treasury Bulletin
.DKBT OPERATIONS.
Table 6,- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued)
Called or maturing security l/
Date of
refunding
CO- retire
Amount
outstanding
Exchange
security
offered
Cash
retire
Turned
for
cash 2/
m
(In nllllons of dollerB)
3/5/56
1-5/fl* Note
3/15/56 -A
1-1/216 Note
lt/l/56-KA
2/15/55
8,1.72
'•/1/5I
Total
9,328
3/22/56
1-7/856 Certificate - 3/22/56-A
7/18/55
2,202
216
6/22/56-B
8/1/55
1,1.86
1,1.86 15/
6/22/56
2-1/U56 Certificate - 6/22/56-0
10/11/55
2,970
2,970
5/17/55
10/1/51
12,51.7
Note
1-1/216 Note
2;6
7/16/56
-
8/15/56-B
-10/1/56 -HO
-
2,202 Ji/
1^
159 16/
550
13,097
12,388
550
11,528
528
ri,3i2
17,271
2-3/1.* Bond
-9/15/56-59
9/15/36
12/1/56
2-5/816 Certificate - I2/1/56-D
12/1/55
9,083
9,083
2-5/816 Certificate - 2/15/57-A
3/5/56
7,219
7,219
-
3/15/57-A
9/15/53
2,997
2,997
-
U/l/;7-EA
1./1/52
Total
531
531
10,71.7
10,71.7
f3-l/l.* Certificate
13-1/1.* Certificate
2/11. /58-A
5/15/60-A
-
3/22/57-B
8/15/56
3,221
-
5/15/57-B
10/1./51*
l.,155
3-l/'i* Certificate - 6/2U/57-C
12/1/56
1,312
7/16/56
12,056
2-3/1(16
5/15/57
1-5/8* Note
6/2U/57
'2-3/1*16
2*
e/1/57
3-l/'>l6
Note
-
Note
Certificate
1-1/2* Note
8/1/57 -D
8/15/57-C
2/15/55
3-3/8* Certificate
/8,l.ll.
5/15/60-A
-
2/11./58-A
of 3-3/8* Certificate
of 3-1/2* Note
3,221 18/
[3-1/2* Certificate
I3-5/8* Note
-
lt/l5/58-B
-
2/15/62-A
8,893
1,783 p
1,039 P
3-5/8* Certificate
1.*
Certificate
U*
Note
-
12/1/57-E
8/1/58-C
8/1/61-A
978
1,327 P
1,118 p
3-5/8* Certificate
1,312 12/
3,792
IO/1/57-D
12/1/56
7,271
,271
-10/1/57-BD
10/1/52
821.
821.
-
2AV58-A
r3-3/8* Certificate
[3-1/2* Note
920
ll,1.61t
Certificate
3/22/57
6/21./57-C 11/
10/1/57 -D
543
[1,1.98
1
1-1/216 Note
8/1/57-D
[6,39'.
I
2-7/8* Note
2-3/1.* Note
159
9/15/56
2/15/57
2-5/8* Certificate
2/15/57-A
17,219 of 2-5/8* Certificate
12,109 of 2-7/816 Note 11/
1,007
6/22/56
2/15/57-A
6/15/58-A
-
9, '•79
Certificate
[2-5/8* Certificate
12-7/8* Note
[6,215
[2,109
[6,631. p
319 P
1
r
71.3
p
32 p
I.*
U*
[u*
318 p
[li*
-
Certificate
Note
12/1/57-K
8/1/58-C
8/1/61-A
Certificate
Note
8/1/58-C
8/1/61-A
U*
1.9
p
8/1/58-C
8/1/61-A
1.*
of 3-5/8* Certificate
Certificate
10,1.87 P of 4*
Note
2,509 P of 1.16
9,871
Total
12/2/57
1/
kj
^
6/
1/
8/
2/
10/
-
12/1/57-E
8/1/57
9,971
Bureau of the Public Debt. Preliminary flguree are from aubacrlptlon and allotment reports; final flguree are on "clearance" basis
In dally Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
For breakdown of total exchanges between the two new securities,
see Table k.
The 2-1/2* bonds maturing December 15, 1958, were reopened for the
December 1, 1953, refunding (see Table V),
On November 9, 1953. the Treasury purchased from the Federal Reserve
System and retired $500 million of the 2-1/8* Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, Page A-1.
It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury issue after
February 15, I95I.. This exchange offering was Included in the refuallogs of May 17, 1951..
Tax anticipation series; $2,669 million redeemed for taxes due
March 15 1951., and $3,233 million redeemed for caeh.
The 1-1/8* certificates maturing August 15, 1955, were reopened for the
December 15, I95U, refunding (see Table li).
Tax anticipation series; $2,216 million redeen»d for taxes due March 15,
1955, and $1,518 million redeemed for cash.
The 2* notes maturing August 15, 1956, were reopened for the August 1,
1955, refunding (see Table 1.).
Source:
2/
i/
3-5/8* Certificate
11/
12/
13/
lU/
1^
16/
11/
18/
1^/
p
,91.3
22,866 p
,971
9,831 p
11.1
p
3-3/1.* Certificate
-
12/1/58-D
Tax anticipation series; $1,917 million redeemed for taxes due
June 15, 1955, and $1,293 million redeemed for cash.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of income and profits taxes
due June 15, 1956.
The 2-7/8* notes maturing June 15, 1958, were reopened for the March
5, 1956, refunding (see Table k).
Tax anticipation series; $1,671. million redeemed for taxes due
March 15, 1956, and $528 million redeemed for cash.
Tax anticipation series; of the 2* certlflcstes $1,013 million were
redeenud for taxes and $1.73 million for cash; and of the 2-1/1.*
certlflootes $1,891 million were redeemed for taxes and $1,079
mlUloil for cash.
During June I956, $159 million of 2* Treasury notes maturing August
15, 1956, were purchased by the Treasury for account of the Sinking
Fund and retired.
Also designated tax anticipation certificates, acceptable at par
plus accrued Intereet to maturity in payment of Income and profits
taxes due June 15, 1957.
Tax anticipation series; $1,922 million redeemed for taxes due
March 15, 1957, ai«l $1,299 million redeemed for cash.
Tax anticipation series; $620 million redeemed for taxes due
June 15, 1957, and $692 million redeemed for cash.
Preliminary
.
..
December 1957
33
.UNITED STATES SAVIHGS BOHDS.
United States eavlngB bonds vere first offered In
March 1935 and began to mature In March I945. Series A-D
were sold between March 1935 and the end of April l^hl,
were first offered In May 19'*1.
and Series E, F, and
When Series E began to mature on May 1, 1951? owners of
of these changes appear In the May 1952 Bulletin, page A-1.
^°^ '-he
Series F and G began to mature on May 1, 1953-
To redeem
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
for Series G bonds.
A number of changes became effective
An Increase In Interest rates on Series Eand H was announced
the matured bonds were offered three options:
May
1,
The principal ones were:
1952.
The rate of
interest accrual on Series E was increased, especially for
the near term, with corresponding changes In extended
were replaced by two new
Series E; and Series F and
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond. Series H, similar In Interest
return to Series
E,
was offered beginning June 1.
Details
exchange offering made to holders of these bonds maturing
through December 3I, I953, see the May I953 Issue, page A-1.
JandK were discontinued after April
Sales of Series
30,1957.
on April 20,1957, retroactive to February 1. Details of the
changes appear In the May 1957 Bulletin, page A-1.
In
the tables which follow. Series A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
Series G, H, and K are
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and G bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
at current redemption values.
matured, when they are transferred to matured debt upon
which Interest has ceased.
Table 1.- Sales and Redemptlone by Series, Cumulative through October 31, 1957
(Dollar amounts in mill lone)
Matured debt
discount.
Series A-D l/
Scries E end B
Serlea F, G, J, and K i/.
90,567
31,951 2/
5,003
102,368
l.OJlt
3,91*9
11,801
1,0U3
32,99't
Redemption of Interestbearing series as
percent of saleo plus
accrued discount
Amount outstanding
Sales plu
accrued
ii,966
59-50
35.59
60,908 2/
20,692
86,567
11(0,366
Footnotes at ond of Table
Dally Treasury stateirent: Bureau of the Public Debt.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In mlllloDS of dollars)
Bedemptlons
Sales plus
accrued
discount
Fiscal years:
1935-1950..
1951
88,651
3,925
li,562
5,U9l>
1/....
1955 1/....
1956
1957
1951<
l,23lt
93,677
6,292
5,132
5,791
6,727
1,231
7,701t
5,026
1,1U9
1,207
1,229
5,li'3
1952
1953
6,1.73
5,8U6
881
l,211i
91,678
3,961
U,l6l
U,800
6,173
6,276
5,517
5,589
1,181
1,2?0
1,237
1,236
1,216
1,217
7,060
6,097
1,216
It,
^
price 5/ 6/
Amount outstanding
Accrued
discount 6/
36,0118
3it,512
6,137
5,109
5,621
6,515
7,251
7,8U6
8,958
5,609
528
It,61i0
1.69
5it8
5,072
5,875
6, It 83
7,026
8,079
1,536
639
768
820
57,536
57,572
57,685
57,886
58,061
58,365
57,ii97
91
128
277
360
,622
37I1
5lt
Calendar years:
1935-1950..
1951
1952
1953
1.9-^
1955
1956
Months:
1957-January.
February,
March
97,267
5,1'>2
5,381
6,03''
7, It 09
7,lt91
6,73lt
37,21i7
6,lii9
5,552
6,3U8
6.985
7,301
8.25lt
5,150
It
,565
6.1.57
7,U27
386
381.
633
656
98I.
525
U83
July
Ai^ust. .
September
362
6I.9
October.
337
652
.
.
Daily Treaoury statement;
1,772
501
509
597
637
58,019
57,587
8iiit
57,92li
57,91.0
57,710
57,672
Bureau of the Public Debt.
675
106
225
686
56,293
56,010
55,823
55,619
ii96
April
May
June
Source:
39.119
5,651
5,07U
559
lt9U
1.U8
55.1.18
55,193
51.
,622
371.
51., 271.
358
51., 021
31.2
53, 771*
330
53,it8l
318
Treasury Bulletin
3"+
.UNITED STATES SAVIMGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Sales plu
£W:crued
discount
Amount outstanding
Redemptions U/
sales
price
S/6/
Accrued
discount 6/
December 1957
35
.UNITED STATES SAVUKIS BONDS.
Table 3.
Sales and Redemptions by Periods, Series E through K -(Continued)
(In millions of dollarB)
Salee plu
accrued
discount
Flecal years:
Redemptiona 2/ H/
Sales
price i/ 6/
Amount outstaiuline (iDtereatbearlng debt)
.
.
.
36
Treasury Bulletin
.UNITKD STATES SAVINGS BONDS.
Table 4.- RedemptionB of Matured
eind
Unmatured Savings Bonds
(In mllllona of dollarBJ
Ma^u^ed bond b
Total
matured 6/
Period 2/
In exchange
for Series G
and K
Fiscal years:
6,137
5,109
5,621
6,515
7,251
7,8U6
8,958
1951
195S
1953
195''
1955
1956
1957
817
792
1,761
2,71*7
3.9ltl
U,a63
li,115
"alendar years:
Ij50
1951
1952
1953
5,8UO
5,651
987
5,071t
1,015
6,lli9
2,318
3,171
6,985
7,301
las'-
1955
1956
8,261.
772
'',230
U,2l'6
Months:
195'' -January.
1.25
February.
March.
.
387
3''1
.
296
359
556
April
May
June
July
August. ..
Saptenber
October .
.
1.26
.
291
229
261
Unmatured bonis
31
^6/
price
^
December 1957
37
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllana of dollars)
.
.
..,.
.
U
9
3
13
k7
1
89
9
7k
9
Treasury Bulletin
38
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values l/ In billions of dollars)
Held b7 private oonbank Investors
Held by banks
Total
Federal
securities
outstand-
Federal
Reserve
Banks
banka
ing 2/
Individuals S/
Government
Investment
accounts Jt/
Insurance
ompanles
Mutual
savings
banka
1939-Decomber.
1<7.6
18.1.
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
191tO-June
1.8.5
18.6
19.5
16.1
2.5
7.1
7.6
22.8
23.9
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
3.6
7.6
8.2
December
50.9
21.1*
2.3
8.5
9.5
25.0
31.0
77.0
112.5
28.7
26.0
1'7.3
itl.l
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
13.1.
1U0.8
170.1
59.1'
7.2
11.5
11..
67.0
81.7
30.9
37.6
21..
2oe.6
232.1
83.3
96.5
11.
.9
19.1
1.6.1
77.7
18.8
21.7
100.2
llU.O
259.1
278.7
106.0
115.0
8I1.2
21.8
21.
90.8
21. .3
27.0
128.2
136.6
279.8
269.9
259.5
116.7
108.2
97.9
93.8
28.0
29.1
30.9
135.1
132.6
130.7
61..
1.3.3
81.. It
22.9
23.8
23.3
63.3
1*3.5
1.U.2
91.9
91.3
70.0
68.7
32.8
257.0
133.7
131.3
66.6
65.7
252 .U
252.9
85.9
85.8
6I1.6
21.1.
35.8
62.5
23.3
37.3
130.7
129.7
65.8
65.5
1.7.1
It7.8
252.8
257.2
82.1.
19.3
18.9
38.3
132.2
132.1
66.6
66.3
lt8.8
85.7
63.0
66.8
257.1'
83.9
82.6
65.6
61.8
20.8
81.1.
85.lt
58 .U
61.6
259.2
267.
eit.O
61.1
88.1
63.lt
..
266.1
275.2
83.6
89.6
58.8
63.7
U8.3
-Jmie
December....
271.3
278.8
88.7
63.6
69.2
25.9
25.0
1.9.3
21..
1.9.6
2711.1
87.8
87.1
85.9
86.8
23.6
23.6
23.8
1.9.1.
55.3
6I4.3
December
19l>5-June
December....
19U6-February £/,
December
igkT-June
December.
258.l1
. .
191iS-June
December ....
256.7
255-3
259.5
1953-June
December..
195li
17.3
21.8
23.7
19I1I-JUIW
1955-mrch
June
September .
December. ..
27I1.I1
277.5
280.8
280.1
280.2
276 .k
.
1956-JanuaiT
7ebruar7.
Maroh
..
April
nv
June
July
August
September
October
November .
December.
1957 -January
February
March
.
.
.
.
.
July
August
September p
7.3
8.3
18.5
21.2
22.7
2k .0
9.6
10.7
20.8
19.9
20.1
2k .k
2k .9
11.1
21.1
19.1.
2k .6
23.9
18.6
17.6
22.8
21.2
12.0
11.5
17.8
17.0
20.5
20.1
U.6
11 .k
2k.
U.5
U.8
5-3
6.5
19.9
17.8
15.3
13.6
Ik .8
6.7
6.5
6.3
7.8
7.9
8.0
8.1
67.1.
lt9.9
1.9.6
17.6
16.7
19.8
18.7
11.6
10.9
l8.k
19.7
1.1.0
65.lt
1.9.1
16.3
.6
1.9.1
15.5
17.1
16.5
10.2
1.2.3
132.9
131.8
9-8
20.1
20.7
22.9
1*1.
.3
130.8
61.
211.7
1.5.9
133.1.
65.1
1.9.0
1.9.2
16.0
15.7
16.1
9.6
9.5
18.8
19.9
211.7
1.7.6
135.0
137.3
66.0
1.9.3
16.8
61.
.8
1.9.1.
15.1.
16.0
15.8
9.5
9.2
12.0
12.7
133.3
135.1
61.
.8
V9.5
50.0
15.3
13.7
15.3
15.0
9.1
8.8
18.7
21.6
16.6
19-2
136.9
136.7
IW.I.
65.0
50.2
50.2
JO .2
50.2
50.3
Ik .9
i?.o
19-3
15.2
16.0
Ik.
Ik .6
Ik.
Ik.
50.1.
18-7
20-5
23-3
23-6
23.7
20.8
17.3
17.3
17.2
20.5
20.9
61.
.8
63.6
23.5
23.5
23.6
50.5
51.2
51.7
51.7
51.8
51.9
51.6
58.5
53.5
11.2.5
11.3.0
139.0
139.7
138.9
139.7
139-9
138.5
67-6
67-5
67-7
67.1
67.5
68.2
21.
.8
11.2.3
II.I..5
11.5.3
11.2.6
65.1.
66.2
65.6
66.7
67.2
67.1.
50.1.
67-7
50.1.
67-7
67-5
50.
50.3
23.lt
53.8
23.9
23-7
23.8
5U.I1
21. .1.
51.
21..
5I4.O
81.8
80.6
53.9
litO.7
11.1.7
81.3
22.9
23.1
51..
275.1
58.3
57.7
58.1
23.lt
276.1.
511.2
139.7
27't.l
81.2
80.9
78.9
58.0
57.7
55.8
23.2
23.1
23.0
53.7
139-2
139.6
136 -S
68.0
67.6
272.6
80.2
55.2
80.1
81.6
56.8
56.6
23.lt
27I1.O
23.5
23.3
55.8
137.3
138.0
55.lt
137.1.
67.5
68.0
68.2
51.
138.5
.2
53.9
.2
511.9
55.6
Source:
Office of the Secretary, Analysis Staff, Debt Division.
1/ United States eavli^s bonds, Series A-F and J, are Included at current redemption value.
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treaaurj. For amounts subject to
statutory debt limitation, see page 1.
i/ Consists of commercial banka, trust companies, and stock savings
banks in the United States snd in Territories and island possessions.
Figures exclude securities held In trust departments.
Holdings by Federal lend banks are included under "Miscellaneous
!i/
Investors" instead of "U. S. Government investment accounts" after
June 26, I9I17, when the proprietary Interest of the United States
In these banks ended
5/ Includes partnerships and personal trust accounts. Nonprofit
2/
17.1
1.0.7
66.3
56.5
57.6
57.6
58.0
58.6
59.3
58.3
6.1
17.3
19.6
131. .9
79.9
81.5
81.3
81.7
83.0
8U.2
27U.5
13.1
15.1
11..
135.6
272.7
275.6
81.
9.2
11.3
11.7
12.9
lt9.3
.k
37.6
39.2
18.3
23.3
23.5
23.8
275.3
270.6
.
83.0
81.9
.2
63.5
62.1
62.0
60.5
59.5
58.3
39.lt
6I1.2
State and
local
governments 2/
3.k
3-7
8.7
10.3
31.2
36.2
19.2
1.2.9
58.5
57.8
57.1
277.1
276.7
April
May
8>i.O
61.
3lt.lt
9.1
53.3
80.8
276.3
•
9l'.l
7lt.5
.9
81.8
275.lt
.
71.5
16.9
5.1.
275.8
276.8
272.8
.
.
19.7
Corporations 6/
67.51
50.3
50.3
50.2
50.2
67.5
67.1
50.1
50.1
67. U
!
J
I
1
J
15.7
15.1.
lit
16 .k
Ik .2
16.8
17.0
13.9
13.6
8.7
8.7
8.5
8.5
8.5
8.5
13.6
13.5
13.3
8.5
8.k
8.k
15.0
.3
17.3
1
13.3
17.3
17.5
1
1
13.1
13.1
8.3
8.3
17. It
1
13.2
17.1.
1
17.0
1
33.1
12.8
8.1
8.1
8.0
15-7
15.8
15.7
17.7
18.6
17-5
18.5
19.2
18.6
15-8
15.9
16.0
16.0
16.1
16.1
r
r
r
r
r
12.5
8.0
8.0
7.9
17.9
18.5
15.7
16.8 r
16.8 r
16.9 r
12.3
12.2
12.2
7.9
7.9
7.9
16.3 r
16.8
l«.l
16.9 r
17.1
17.2
18.6
r
1*9.3
12.1.
1.9.1
18.3
18.3
I
1
.
18.7
r
19.2
19.6
17 .k
12.3
I19.1*
1
1
15 .k
15.6
15-7
16.2 r
16.3 r
16.6 r
1
I
15.1
20.2
20.9
18.0
1
I
11.1
8.1
I
lt9.6
1.9.9
lt9.7
9.k
9.6
10.
12.9
12.8
12.6
17.3
17.8
18.6
>
I
8.7
8.8
institutions and corporate pension trust funds are include*! under "Miscellaneous Investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and Investment funds of State and local governments snd their agencies, and Territories and island possessions.
Includes savlr^a and loan associations, nonprofit Institutions, corporate
pension trust funds, dealers and brokers, and Investments of foreign balances
and international accounts in this country. Beginning December 191.6, Includes
investments by the International Bank for Reconstruction and Development and
the International Monetary Fund in special nonlnterest -bearing notes Issued
by the U. S. Government.
Immediate postwar debt peak.
Preliminary.
Revised.
December 1957
39
TREASURY SURTEY OF OWHZRSHIP, SEFTIMBER 30, 1957.
The Treasury Survey of Ovmershlp covers securities
Distribution of ownership by types of banks and Insur-
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
ance companies Is published each month. Holdings by commer-
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and insurance companies In
bank classes and nonmember banks are published for June 30
United States.
Data were first published for
March 3I, 19'H, In the May \^k\ "Treasury Bulletin.'
are published quarterly and first appeared in the March Vj'^h
the
and December 3I.
Holdings by corporate pension trust funds
Bulletin for quarters beginning December 3I,
Section I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par valuea
-
In millions of doliara)
igl+Q.
.
Treasury Bulletin
1^0
TREASURY SUKVEf OF OWKERSHIP, SEPTBIHEB 30, 1957
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
{Par values
-
In millions of dollars)
December 1957
ki
.TREASURY SURVEf OF OWKERSEP, SKPTQIBKR 30, 1957.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par valueB
-
In millions of dollars)
Treasury Bulletin
k2
TREASCEY SURVEy OF OWHERSHIP, SSPTOfBER 30, 1957.
Section II
-
IntercBt-Bearlng Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values
-
Ir.
millions of dollars)
^}
December i957
MAEKBT QUOTATIONS OH TREASURY SECUBITIES, OCTOBER 31, 1957
.
Current market quotations shovm here are over-the-
public marketable securities Issued by the United States
counter oloelng bid quotations In the New York market
for the last trading daiy of the month, as reported to
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Treasury Bulletin
1+1^
MARKET QUOTATIONS ON TPEASURY SECURITIES, OCTOBER 31, 1957.
Table 4.- Taxable Treasury Bonds
,
^3
December 1957
MAEZET QUOTATIOHS OH TREASUFT SECUBinES, CXTTOHEP 31, 1957
^
If
55
fe-
Is
...
.
,
a
.
Treasury BaUetin
-AVERiCE YIELDS OF lONG-TEIW BONDS.
Table
Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
1.
(
PART A.
Moodjr*a Aaa
Trsasury
lionde 1/
Percent per axmum)
SERIBS
WIOE TO APRIL
aorporate
iMQds
-
a. £8
2. It?
2.73
19'»7
2.1.8
a. 72
a. 6a
19U8
2M
19't9
2.31
2.19
2.25
191*6
PART B.
From 10 to
20 years
20 years
and after
Moody's
Aaa
corporate
bonds
Xg^
2.9e a/
2.52
3.16
a. 71
1953 -April
a. 96
3.2U
3.26
3.a9
3.a5
3.aa
3.19
3.06
a/
-
-
Moody's Aaa
corporate
bonds
a. 53
2.61
a.ee
a. 66
1950.
1951.
195a.
a. 3a
2.57
2.68
2.96
SESIXS EtaiHRUR APRU, I953
From 10 to
20 years
Annual series
Treasury
bonds 1/
calendar year averages of nonthly series
2.U6
2.37
1953
Moody's Aaa
corporate
Treasury
booda i/
Annual series
1953
-
20 years
and after
Moody's
Aaa
corporate
bonds
From 10 to
20 years
20 years
and after
calendar yeer averages of monthly series
3.20
2.90
1956.
Monthly series - averages of dally series
May
July
August. . .
September
October...
November .
December .
195^ -January .
.
February.
March
April
May
J\me
July
3.09
3.11
2.99
2.99
2.95
2.81
2.83
2-77
a. 67
a. 58
a. 50
2.U5
2.5a
a. 53
Augxiet...
September,
October
November,
December.
,
.
2.1(5
2.1(6
2.50
2.52
a. 55
2.57
3.0lt
2.96
3.a3
3.3lt
a.77
2.72
2.72
2.77
2,76
2.77
2.88
2.91
2,88
2.82
2.85
2.88
a. 9a
a. 9a
a, 9a
a, 91
a. 91
a, 96
3.oa
3.00
2.96
2,96
2.97
3.05
3.06
3.11
3.13
3.10
3.10
3.15
1956 -January,
February
March.,.
April
2.86
a,&!
2,9l>
3.U
3.08
3.10
May
2.9lt
July...
August.
September
2.89
2.97
3.15
3.19
2.93
2.98
3.10
3,03
a, 98
3,05
3.19
3,a5
3.'>0
March
3.28
3.2U
3.29
3.16
3.11
3.13
April
Hay
June .
July...
August.
September
October.
November
December
2.90
2.85
2.73
2.70
3.06
2.95
a. 86
a. 85
a. 72
2.88
2.70
2.6a
a. 60
a. 90
.
2.61i
2.65
2.68
a, 68
y
a. 66
1955 -January.
February
a. 90
3.05
2.93
2.99
3.02
3.01
3. oil
3. all
3.28
3.27
3.28
3.1*3
3.56
1956 -October.
November
December
3.1*3
1957 -January.
February
March .
3.33
3.20
3.25
3.18
3.30
.
Ajirll
May
June .
July
Aug
Sept
,
. . .
October,,
3.30
3.39
3.61
3.21*
3.31
3.37
3.59
3.69
3.75
3.37
3.26
3.27
3.35
3.77
3.67
3.66
3.67
3.1*2
3.71*
3.63
3.63
,
3.7a 5/
3.55
3.58
3.6*
3.61
3.91
3.99
3.
3.63
1*.10
It.lO
1*,12
December 1957
^1
.hYERPOE YIELDS OF LONG-TEfW BONDS.
.
1+S
Treasury Bullelin
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousspde of dollars)
Budget
receipts
froa
Internal
1950.
1951.
1952.
1953.
39,W>8,607
51,106,095
65,6311,89k
70,170,97l»
195''.
70,299,652
1955.
1956.
1957.
66,288,692
75,109,083
80,171,971
1957-J»nu«ry...
February,
March
u, 950, 018
AiirH
May
Jiuw
AdJustBent of
collectlona
to budget
receipts 1/
*'>91,">75
660,1109
t6e5,308
+Ii8lt,li39
+3611,672
-3,566 5/
Total
collections
reported by
Internal
Revenue
Serrlce
38,957,132
50,Wi5,686
65,009,586
69,686,535
69,93l>,980
l8,26li,720
37,869,770
10,396,1180
21,298,522
21,530,653
'•2,633,1126
11,321,966
12,799,067
'',881,
7,276,,
11,950,1
7,5't8,695
12,328,919
Jul7
August....
3,305,723
6,259,360
Septenber.
7,851.7i<3
taxes
66,288,692 k/
75,112,6li9 5/
80,171,971 2/
7,276,135
-1,818
+1,818
Individual
1 no one tax
not withheld 2/
10, 851*. 351
ll*, 387, 569
21,1*66,910
21,59'»,515
21,5l»6,322
k, 881,1137
5,807,067
Individual Incoae tax and SBployment texea
Corporation
Incone and
profits
5,808,1
7,5^6,1
12,328,:
3,305,6,259,:
7,851,'
19,797,883
7,261l,332
Individual
lucoMB tax
withheld a/
9,888,976
13,089,770
26,6211.788
9,907.539
33,738,370
u, 3115,060
17,929,01i7
37,251' ,619
Il,li03,9li2
21,132,275
22,077,113
37,921,3111
116,610,293
10,736,578
Old -age
and disability
Insurance
1,873,1101
2,810,7119
3,58li,025
51*8,038
3,816,252
11,218,520
21,253,625 kf
5,339,573
211,015,676 2/
6,336,805
32,865,172
li6o,606
3,lilt2,506
U5,039
7,327,331
5,868,238
3,559,680
520,221»
lt,28o,92li
,166,5811
1,097,891
502,081
5,899,229
6,722,l»6l>
11,659,900
,027,230
,768,123
'',787,1*65
2,838,11*1*
31*0,623
355,l»77
1,682,7311
11,808,739
ii.sa^.Bao
269,019
128,109
,822,538
11,596,167
2,61*8,861
2,301i,322
^
Ballroad
retireBent
It/
ineuranoe
223,135
236,952
259,616
273,182
283,88a
600,106 U/
279,986
631*, 323
3211,656
'',73l*,393
21,165
82,796
8116,819
2,652,835
1*9,861
1,393,602
ent
579,778
620,622
628,969
605,221
,190,990
781,162
1,190,108
UOfOlpluy-
December 1957
1+9
.INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
DOLLARS
DOLLARS
Billions
Billions
46
22
Corporation Income
and Profits Taxes
Individuol Income Tax and
Employment Taxes*
1943
1943
'45
47
45
"47
'49
50
Treasuru Balletin
-INTERNAL REVENUE COLLECTIONS.
Table 2.
Detail of Excise Tax Collections
(In thousands of dollars)
Klrst quarter of fiscal year
1957
(Julj-Sept. 1956)
Alcohol taxee;
1958
(July -Sept. 1957)
1/
Distilled spirits
Wines
Beer
8,o6e,2iia
2,121,1111
Ii88,8l2
'•95,13''
87,751
770,581
88,672
763,112
20,207
226,393
21,590
228,656
Total alcohol taxes
2,920,57''
Tobacco tajee:
7'^5,38l
1/
Cigars
Clgarettee
Other
k5,ol»0
iiii,85e
1,5119,0115
19, Ilia
1,610,908
18.283
Total tobacco taxes
I,6l3,li97
1,6711,050
Documentary and certain other stamp taxes:
Documentary stamp taxes 2/
Play 1 ng carde
SllTer bullion sales or transfers
10,272
396,861
l»,635
22,711
1,372
108,031
6,81i3
Total documentary and certain other stamp taxes
11,960
'•32,539
It,
7511
26, '198
1,569
28,075
Manufacturers* excise taxes:
ttasol Ine
711,5811
73,601
283,803
19,362
•23,302
18,933
177,872
1,376,372
'51'
117, 1511
l,llili,233
71, '•53
325,0211
lli9,192
268,389
51,855
36,857
26,602
116,8911
15, '•58
75,196
l,lin
16,U50
3,082
1,502
22 ,289
5,873
5,723
Ii,li09
1,030,397
i/
Lubricating oil, etc
Tires, tubee, and tread rubber i/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. i/
Parte and accessories for automobiles, trucks, etc
Padlo and television sets, phonographs, components, etc
Refrigerators, frcetera, alr-condltlaners, etc
Electric, gae, and oil appliances
Pistole and revolvers
Phonograph records
Musical Instrunente
Sporting goods (other than flafalng rods, creels, etc.).
Fishing rods, creels, etc
Business and store machines
Caaerae, lenses, film, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells,
and cartridges
Mechanical pencils, pens, and lighters
189,11311
II15 797
161,096
,
119,076
71,06li
199,298
157,291
59,912
39,398
27 987
12,252
,
12,776
8,503
5,150
111,782
70,1^
83,175
19,901
26,080
302
9,576
6,160
15, Iks
li,li29
9,Uli
5,865
1,1*55
1,865
1,057
3,U56,013
3,761,925
817,191
l,Oli5,73a
156,6oli
12,32ll
17,373
22,8511
111,
Total manufacturers' excise taxes
251,
18,525
356
3.253
3,529
2,733
1,503
19,265
U,916
5,995
1,153
Matches
1,1158,217
9,897
I1.717
1,752
15, '•'•9
2,757
3,0lili
Retailers* excise taxes:
Furs
Jewelry
Luggsge
Toilet preparations
Total retailers* excise taxes
28,261
,
29
I19I1
ll,Olil
3,691
35,068
36,007
57,519
83,776
U6
13, '•72
111,95''
92,868
20,9U8
23,Oiil
321,896
336,081
73,179
78,0'i'i
152,3110
,
57,
(Continued on following psge)
December 1957
51
.INTERNAL BEVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
-
(Continued)
(In ttaoueande of dollars)
First quarter of fiscal jear
1957
(July -Sept. 1956)
1958
(JuU-Sept. 1957)
MlBcellaneoua excise taxes:
AdmiBslooe to theaters, concerts, etc
Aditissioos to cabarets, roof gardens, etc
Club dues and initiation fees
Long-distance telephone, telegraph, cable, radio, etc
leased wires, wire and equipment serrice
Local telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property (including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed
Sugar
Diesel and special aotor fuels 37 ji/
Narcotics and aiarihuana, including occupational taxes
Coin-operated amusenent devices
Coin-operated gaalng devices
Bowling alleys, pool tables, etc
Vagerlng occupational tax
'rfagers
10lt,0l8
75,8^7
26,li51
'•2,255
lt7,171
't3,2lil
10,39'*
15,a9'»
2'il,5l»3
266,186
5^1,236
13,918
11,029
I6,7l>5
1167,978
67,62U
88,581
8,976
57,237
118,567
5,826
19,652
86,091
5,260
11,398
a2,89't
21,81i2
22, 91.8
2li,l>6li
39,'>5''
1,002
5,805
6,070
7,031
312
3,96k
8, It'll
8,97't
6,0U1.
2,955
639
6,385
3,122
759
6,566
2,016
337
1,631
11,566
300
3,799
7,803
1,932
277
3k7,02li
315,690
35,681
37,159
222,158
2111,903
'•50,579
5,512
18,535
972
1,1.61
71,117
88,637
9,167
58,280
118,333
l,it76
1,653
Use tax on highway motor vehicles weighing over
211,366
27,163
26,000 pounds i/
Adulterated and process or renovated butter, filled
cheese and laported oleoaiargarine
rireams transfer and occupational taxes
Other receipts
,
Undistributed depositary receipts
1,718,509
Iili3,0l»3
1167,760
'•Oil
10,571,307
2,50l<,68li
2,8ll»,2U6
-31,776
61l,'»0U
35,652
211,587
567
1,833
1,700
3,600
10,OOi»,195
10,637, 5'' »
2,5112,036
2,8ii2,'>33
1,608,1»97
Total miscellaneous excise taxes
Total received with returns snd froB sale of stamps
'2/
unapplied collections
Total excise taxes
Internal Revenue Service reports. See also Table 1.
Source:
The figures shown include collections for credit to special
accounts for certain islsnd possessions. 71oor stocks
taxes are included with the related classes of tax.
1/ Full detail on a moothly basis Is available from the Internal
Revenue Service.
2/ Taxes on Issuance and transfers of capital stock and of corporate securities (bonds, debentures, etc.), deeds of con-
10, 035,
i/
U/
^
veyauce, and policies issued by foreign insurers.
Beginning with the fiscal year 1957, collections reflect
the provisions of the Highway Revenue Act of I956, approved
June 29, 1956 (23 U. S. C. 173)Eicludea dlesel fuel not for use In highway vehicles.
Amount of sxcise tax depositary receipts Issued, less amount
received with returns and diatrlbutsd by detailed class of
tax.
•
Lssa than $500.
..
.. .
.
Treasury Bulletin
52
.MOKETAEY STATISTICS
.
Table 1.- Money in Circulation
(In millions of dollars except as noted)
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Cold
certificates
2/
1951*
1955
1956
1957
30,229
30,715
31,082
28,372
28,767
2,170
29,0140
2,162
27,3148
28,359
28,127
30,6lU
30,575
30,585
April
May
31,082
28,807
29,0140
2,162
321
26,329
2,110
2,108
318
319
317
26,ll20
29,0C7
29,001>
25,9714
25,855
26 ,093
26,225
26,351*
130
029
26,3614
12 B
Money In
circulation
per capita
dollars 2/
(
Standard
sliver
dollars
End of fiscal
year or month
m
1,1496
1,578
1,678
1,766
1,795
965
1,020
361
378
179.03
180.17
1,093
393
13I4.9O
I8I4.2I.
182.91
1,202
1,259
1,315
182.61*
181.52
187.38
1950 -Dec ember.
1,990
1,993
2,000
2,020
2,029
U66
U66
2U7
2I48
I469
253
1,301
1,307
1,315
1,319
1,325
1,330
1476
1,31*1
250
251
2,069
255
257
258
October
2,083
259
,
I466
2147
July
August . •
September
—
)
188.72
1,150
1,165
1,858
1957 -January..
February
March ....
221
200
180
26,051
26,001
2,l6l4
31,090
National
bank
notes !*/
27,038
2,099
October...
1955.
1556.
1957.
21*3
25,609
25,385
28,1499
28,883
29,073
19514.
271*
23,1456
,605
2l4
2,033
2,039
2,065
30,933
31,133
31,073
Federal
Reeerre
Bank
notes U/
22,760
28,623
28,582
28,585
July
August. ..
September
1950.
1951.
1952.
1953.
Federal
Reserve
notes
25,613
26,055
26,329
2,lli8
29,763
1956-December .
March
united
States
321
318
318
318
2,177
2,092
25,661
26,231
1957 -January...
February.
1890
i/
27,156
27,809
29,026
30,125
29,922
1950
1951
1958
1953
Treasury
notes of
SllTer
certificates
Source: Circulation statement of United States Money.
account
1/ Excludes money held by the Treasury, money held by or for the
of the Federal Reserve Banks and agents, and coin estimated to be
held outside the continental limits of the UJiIted States. Incl.jdes
United
paper currency held outside the continental limits of the
States
I171
I47I4
U78
USo
180.03
179.57
179.37
176.75
180.35
181.52
180.36
181.23
180.58
I
180. 1*0
^
Gold certificates were withdrawn from circulation in 1933.
Treasury notes of I89O In circulation are being canceled and retlr
upon receipt by the Treasury.
Federal Reserve Bank notes and national bank notes are covered by
deposits of lawful money and are in process of retirement.
Baaed on latest population estimates by the Bureau of the Census,
r
Revised.
2/
i/
kj
..
65
,
)
December 1957
53
.MONETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amountB In mllllonB}
Cold
(»35 per
floa ounce)
1950
1951
211,230.7
1952
1953
WSi*
23,3'>6.5
22 ,U62 .8
1955
1956
1957
Silver
($1.29+ per
flDe ounce)
Ratio of silver
to gold and
silver In
iDonetarj stocks
( In percent
13.2
IU.6
13.9
21,927.0
3,671.5
3,718.5
3,768.5
3,81U.3
3,863.1
21,677.6
21,799.1
22,622.9
3, 922 .It
3, 99''.
li,ll6.6
15.3
15.5
W.lt
1956 -December.
21,9'>9.5
ii,06i».l
1957-January
Fehruarj
March ....
22,251.5
22,303.8
22,305.8
i4,07U.9
21,755.9
.
April
May
22,318.1
22,620.3
22,622.9
June
Julj
August .
September
22,626.9
22,626.2
22,635.5
October.
22,690.8
.
Source: Circulation statement of United States Money.
silver monetary stock see Table k.
Table 3.
It,
081 .2
U, 087.1
U,09U.li
U,096.8
U,ii6.6
It .5
15.0
15.5
15.5
15.5
15.5
15.3
IS.".
i»,127.6
It,
151.
"•,163.2
15.5
15.5
For detail of
Gold Assets and Liabilities of the Treasury
(In
mlUlons of dollars)
Liabilities:
&id of calendar year
Gold assets
Sold certificates,
etc. 1/
I95I1
22,706.1
22,695.5
23,187.1
22,029.5
21,712.5
1955
1956
ai, 690.lt
2l,9i'9-5
1950
1951
1952
1953
1957 -January..
February.
March
21,653.5
21,662.5
22,178.8
1,052.6
1,032.9
1,008.2
21,5lt5.7
lt83.7
It89.0
21,223.5
U91.2
ii91.2
5,251.5
2,303.8
2,305.8
21,750.5
21,815.1
21,815.3
501.1
U88.6
21,823.6
22,120.7
22,133.2
lt9k.5
lt99.5
I189.7
It90.5
April
?, 318.1
May
2,620.3
2,622.9
July
Al^UBt ...
September
2,626.9
2,626.2
22,1311.7
192.3
22,127.2
I199.O
2,635.5
22,131.1
50I1.I1
October
2,690.8
22,193.1
"197.7
.
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and In Federal Reserve
Banks; (2) gold certificate credits In (a) the gold certificate fund-
Board of Governors, Federal Reserve System, and (b) the redemption
fund - Federal Reserve notes; and (3) reserve of $156.0 million
against United States notes and Treasury notes of I89O.
...
.
6
6
7
.
5^
Treasury Bulletin
.MONETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dolloro)
Silver held In Trraaury
Securing silver certificates 1/
Silver
bullion 2/
2.01.0.7
1950
1951
1952
2,073.5
2,109.7
1953
2,lll0.8
195lt
2,171.1
1955
1956
2,208.9
.
.
March
2,209.1
2,209.1
2,209.1
com
i/
235.1
23''.
17.6
62.9
235.lt
1,283.2
252.2
7.0
9.7
15.8
66.0
66.9
253.5
253.8
6I1.9
2511.5
l,3ltl.O
1,3115.1
61i.2
6l.it
70.lt
255.5
257.6
259.2
1,350.2
1,360.5
1,365.1
It,
116.
7i'.3
260.7
It,
127.
85.2
89.0
263. U
It,
265.5
1,372.9
1,382.6
1,385.5
151.
163 .2
90.3
267.1
1,389.5
li,17lt.li
August. ..
September
227.7
225.0
222.8
13-3
7.5
8.2
October.
2,212.1
221.2
Source:
.
at $1.29*
per fine
30.7
11.0
l<5.3
I18.O
20.0
17.8
.
Subeldlaxy
coin ay
1,022.2
1,083.1
1,158.1
1,213.1
95.1 2/
82.0 2/
15.7
231* .0
Silver
dollars 1/
179.8
191.3
202.5
213.2
223.1
232.9
230.8
229.2
July
Bullion for
recolnage hj
3.6
1.7
3.9
6.3
2,209.1
2,209.1
2,209.1
2,209.U
2,210.2
2,211.3
April
May
June
2/
312.8
301.0
289.3
278.3
267.6
2.1911 .U
19^7 -January.
February
1/
Subsidiary
dollars
17.3
Circulation Statement of United Statee Money; Office of the
Treasurer of the United States
Valued at $1.29+ per fine oince.
Includes silver held by c'-rtaln ajjencles of the Federal Government.
i/
y
*
l,2lt2.7
1,338.8
3,697.1
3,7'»1.3
3,79''.l
3,837.0
3,886.6
it,07l..9
It
,081 .2
It,
087.1
i»,09lt.li
u,096.e
It,
Valued at $1.38+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce ace
Ing to whether the bullion Is held for recolnage of subsidiary
silver colna or for recolnage of standard silver dollars.
Less than $50,000.
6
U
5
7
3
..
77
7
5
U
3
99
December i9J7
55
.MONETAEY STATISTICS.
Table 5.- Seigniorage on Sliver
(Cumulative from January 1, 1935
- In millions of dollars)
Sources of selgnlorsge on sliver bullion revalued l/
Seigniorage
on coins
(silver and
minor)
Misc. silver
(incl. silver
bullion held
June ll>, 1931*)
Nevly mined
silver {Proc.
Hewly mined
silver (Acts
July 6, 1939,
Dec. 21, 1933)
silver Purchase Act
of June 19,
Nationalized
silver
(Proc. of
Total
seigniorage
on sliver
1931*
Aug. 9, 1931*)
revalitfd
July 31, 191*6)
1935
1936
1937
1938
1939
ie.5
U6.1
ue.7
63.7
69.5
91.7
U8.7
19ltl
122.2
182.1
iglts
2't5.7
19't3
191*0
1*8.7
1*8.7
1*8.7
U8.7
25.7
226.2
302.7
366.7
31*.
326.2
271*.
31*.
1*22.1
397.5
31*.
1*57.7
31*.
530.7
31*.
503.1
616.0
705.6
758.8
950.6
562.7
311.7
759.1*
I18.7
1*8.3
580.
31..
U8.7
U8.7
U8.7
63.6
65.3
581*.3
58I..3
31*.
65.
581*.
31*.
799.7
818.9
820.6
820.7
1»8.7
1*8.7
65.5
66.5
701.6
832.1
832.1
832.2
833.6
31*.
19^k
299.6
362.3
WltJ
•29.5
19'>6
't91.9
igi*?
520.5
559.2
576.7
U8.7
71*.
1*8.7
81*
U8.7
93.5
596.0
6U2.3
69^.2
7U2.2
792.9
807.0
839.6
1*8.7
ioi.7
U8.7
U8.7
111*.
1*8.7
131*.
U8.T
11*3.8
1*8.7
ue.7
150.8
155.2
833.7
833.7
833.7
833.7
833.7
833.7
833.7
155.3
155.3
155.3
I9U8
19^9
1950
1951
1952
1953
195''
1955
1956
1957-JQnuflry.
.6
125.1*
31*.
IU.7
31*.
1,109.3
1,119.2
1,130.0
1,139.3
31*.
1,11*6.1.
31*.
1,155.1*
11.
31*.
1,159.8
5C.0
833.7
833.7
833.7
31*.
1,159.8
1,159.8
1,159.8
53.1
53.5
52.6
1,159.8
1,159.8
1,159.8
1*9.3
1,159.9
1,160.2
1,160.5
59.2
67.3
70.5
31*.
31*.
31*.
31*.
31*.
850.6
155.3
155.3
155.3
833.7
833.7
833.7
31*.
862.6
866.2
1*8.7
1*8.7
1*8.7
July
August . . .
Sapteaber
867.8
873.0
877.6
1*8.7
155.3
155.6
155.9
833.7
633.7
833.7
31*.
6Jt5.l4
.
1*8.7
1*8.7
Source: Bureau of Accounts.
1/ These Items represent the difference between the cost value and the
value of silver bullion revalued and held to secure silver certifies
2/
1,055.8
1,039.0
1,0U8.2
957.3
717.3
333.2
161.2
31*.
April
May
Jure
February.
March
51*1.6
938.1
1,069.6
1,077.6
1,087.8
1,098.1
31*.
1*8.7
1*8.7
1*8.7
81.2.
.
Potential
seigniorage o
sliver bulllo
at cost In
Treasurer's
account 2/
31*.
31*.
31..
31*.
31*.
3"*.
11*6.8
129.9
127.2
81.9
57.2
31*.
6.6
.3
51.1*
56.0
The figures In thle column are not iumulatlve; as the amount of
bullion held changes, the potential selgnlorsge thereon changes.
7
,
93
«6
U
U
56
Treasury Bulletin
.CAPITAL MOVIMENTS.
pages
Data relating to capital movementa between the
'^5-'^7.
As a result of changes In presentation
Introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
193't,
Executive Order IOO33 of February
13^3,
S,
and
The first three sections which follow are published
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
monthly.
They provide summaries, by periods and by
oountrlee, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
Supplementary Information Is
In the "Treasury Bulletin."
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, £ind Industrial
and commercial concerns In the United States are made
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonflnanolal concerns. Is published quarterly In the January,
Initially to the Federal Reserve Banks, which forward
Beginning April igS"*,
data reported by banks In the Territories and possessions
consolidated figures to the Treasury.
of the United States are Included In the published data.
April, July, and October Issues of the Bulletin.
The term "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such institutions may be located, and International
organizations.
2,
and dollar holdings of foreign countries and International
Institutions, are published quarterly
September, and December issues.
Table
m
the March, June,
foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually In the April Issue.
"Short-term" refers to original maturities
of one year or less, and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 13^^ Issue of the "Treaaury Bulletin,
Table
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
"
4,
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(Id mllllona of dollare; negatlTe flgig-es Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Net
capital
movement
1935-JH
Changes In liabilities to foreigners
Short-term
banking
funds
5,253.2
622.6
1,273.5
3,661.3
532.5
1,207.1
3, 031*.
1*85.9
"•52.8
1*31.1
220.1*
Changes In claims on foreigaers
Short-term
banking
Transactions
in domestic
securities
Transactions
In foreign
eocurltlee
1,056.6
1,166.3
1,279.1*
626.7
U6.6
27.8
210.7
-113.1
19't6
-803.0
-752.6
-1*18.U
-331* .2
-50.
-315.5
W"*?
19U8
19^9
1950
3l>5.5
51*7.2
-89.1
-192.2
75.2
-201.7
-21*0.7
265.1
39.0
-16I..6
-69.8
190.8
-76.2
-11*5.1*
19''2
19^3
19W1
19^5
2ltU.7
1*09.3
193.8
-21*. 8
1,971.2
636.2
601.5
-100.0
1,026.8
73.1
1,558.8
1,090.9
1,21*3.9
1,102.1*
l,7't9.6
1951
1952
1953
-37't.3
1,260.6
1,162.8
637.1
1,175.0
586.5
195lt
1955
1956
1957-Jantiary ....
February
March
April
Majr
June
July p
August p. .
September p
.
1,179.3
-66.1*
657.
1,1*19.5
r
-85.9 r
-70.8
-109.!»
-1*1*7.5
-11.5
-296.2
72.0
311* .9
855.5
-U.3
77.7
93.5
-71.8
-63.1
-70.5
-80.3
11*1*
.2
1,270.2
682.1
11*9.3
-782.1*
-1*82.0
685.2
-192.
1,1*91*.
1,338.1*
156.1*
-162.0
-397.2
r
-231.3 r
I5U.6 r
59.5
-581*.
218.6
-221.6
736.3
97.5
1,367.3
-218.2 r
-297.'* r
91*1*. I*
1,591.9
90.1
66.U
21.7
-109.7
76.6 r
72.6
r
11*6.2
3l>.8
-119.1* r
35.1
-22.1
78.1
-151*.
-21*5.0
-175.9
-77.3
31*1*
:
:
106.3
-21*. 3
-63.3
-112.1*
r
366.7
28.3
.6
-113.1
-210.6 r
:
:
-1*8.2
89.2
-56.5
r
-61*.
-U3.5
-6.8
-215.6
-121.6
-190.0 r
-1*6.9
-7.1*
-1*6.6
-91*
.8
27.8
-377.0
-217.9
-72.2
-300.1*
-30.1*
-511.1
-92.6
-21.5
-90.3
-123.0
-97.9 r
9.2
-33.1
-28.2
-163 .2
-156.9 r
-18.6
3.7 r
58.3 T
-61.6 r
-7.5
-1*2.5 r
27.7
-31.2
-51*. 6
-19.2
-35.2
i
7
.. .
December
3
5
8
7
5
.
.
93
5
1
19 J
57
.CAPITAL MOTEMEMTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Poaltlon at end of parted In mllllom of dolliura)
ahort-t«r» llaMlltlaa to foralgnera
I^kTatole In dollara
Short-term clalaa on foraignera
Payable In dollara
Fajrabla In
Other
foralgn
1^
19^5
1,205.*
i,37*.9
>,596.8
i,883.1
19li6
..*fi0.3
19*7
,116.U
, 718.0
,6l8.0
19'>3
l^k
19W
19*9
1950
1951
1,6**.
1,302.2
1952
1953
195*
1955
1956
1,5*6.1
,,6*e.k
,918.6
,600.7
,939.1
1957-January ....
February.
March
,015.7
,770.7
,560.1
.
April
May
June
July p
August p..
1
1
1
1,9*7.1
2,036.7
2,239.9
2,678.2
2,922.0
1.832.1
2,836.3
2,908.1
3,620.3
3.5*7.6
2,972.7
2,9*7.0
3,001.0
3,*51.7
*, 0*1.2
2,262.0
1,86* .3
1,657.8
1,527.8
*,65*.2
5,666.9
6,770.1
6,952.8
8,0*5.*
*,2*5.6
*,308.*
*,335.*
*,726.5
5.392.8
1,58* .9
1,629.V
1,769.9
1,881.1
1,*52.1
1,61.1.1
1/
5,''01.7 r
:
1
13.9
17.9
21.6
25.5
*0.6
2*6.7
257.9
329.7
392.8
788.3
72.0
66.k
105.*
100.3
319.6
*9.7
70.*
51.0
**.9
72.2
9*8.9
1,018.7
827.9
898.0
968.*
292.9
361.2
222.7
151.1
61.1.
1,0*8.7
*3.7
*3.2
*0.3
*8.8
90*.
**.9
1*3.7
137.2
30.9
3*.*
169.7
2*5.0
290.5
*7.5
98.1
177.2
*90.6
557.1
*9*.3
506.3
699.*
165.*
100.*
110.8
2*0.6
91.8
1,386.5
1,5*8.5
1,9*5.7
122.9
156.5
206.5
328.1
*05.*
8*7.5
6*6.5
969.0
1,056.5
1,390.8
78.*
101.6
211.0
163.9
1*9.6
5* .6
16I1.6.
5,*8*.* r
5,385.6 r
1,808.6
1,681.0
1,558.1
66.8
2,038.3
2,059.8
2,150.1
*39.3
*07.0
*2*.8
1,*3*.5
l,*5*.l
1,528.0
198.7
197.3
1,358.2
1,700.0
1,572.5
60.2
58.2
66.2
2,1*0.9
2,17*.0
2,202.2
*36.1
*57.2
**7.3
1,521.1
1,512.6
1,560.9
183.7
20*.
19*. 1
1,5*7.2
1,635.*
1,512.2
63.7
65.*
72.7
2,1*3-9
2,186.*
2,158.7
*37.*
*33.7
*00.0
1,53*.9
1,590.9
1,600.7
,**7.7
7,808.5
,81*.
7,8l0.li
,81.2.8
7,9*1.6
5.220.9
5,2*5.9
5,262.*
,79*.
7,803.0
7,606.2
7,633.0
5,380.5
5,576.8
5,609.3
Septenber p
*73-7
foreign
cnrrenolee
Loana to
foreign henke
oixrrenolea
2,2**.*
3,320.3
3,335.2
*,179.3
3,0*3.9
7,760.5
7,550.7
7,5*9.5
Pajrahle In
foreign
1/
5* .6
:
r|
171.6
161.7
157.9
Beglmlng In Ai«u*t 1956 and again In April 1957, certain aooounta
prerloualy olaaalfled aa "Other foreign" are Included In "Tcrelgn official."
1/
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In Blllloaa of dollara; negatlre fl^urea Indloate a net outflow of capital froa the Onlted States)
n. 8.
Calendar year
Corporate and other
aoremBent bonds
and notea 1/
Sales
Bo^s 2/
•t
at
pureha»
pxo^hases
1935-*!
396.8 a/
19*2
19*3
19**
19*5
16* .2
2*1.3
513.6
377.7
19*6
19*7
19*8
19*9
1950
*1*.5
3** .8
282.*
*30.0
1,236.*
68* .2
283.3
330.3
333.6
29*.
-269.7
61.5
-*7.9
96.*
9*2.1
107.7
108.3
1951
1952
1953
195*
1955
1956
673.6
533.7
6*6.0
800.9
1,3*1.1
883.*
1,356.6
231.*
728.0
792.7
812.1
1,018.3
•<as.o
302.3
-8e.o
8.2
529.0
-135.0
120.0
200.1
212.8
289.7
32*.
1*1.6
188.5
197.*
283.6
296.0
287.1
251.8
*3.9
133.5
68.2
22.8
101.7
56.8
28.0
15.9
91.1
21.5
26.0
29.7
25.8
17.3
17.7
1*.3
-*0.9
*2.6
22.9
1957-January.
February .
March
April
Hay
June
.
.
.
July.p
Augusts p.
.
September p
21.6
29.6
1*.2
*92.* 1/
138.5
170.6
268.2
393.*
*2.5
*6.6
8.5
1*2.7
1*.3
97.*
157.1 r
10.2
-95.7 a/
25.7
70.7
2*5.3
H
t/
-15.7
-75.8
-127.5 r
3.9
17.3
17.2
2*.0
32.2
22.3
25.9
21.6
15.7
17.1
-ei.6
U.7
15.3
6.1
28.7
35-3
8.7
32.0
-.1
-*.3
1.5
5.8
8*1.6 1/
75.5
19* .6
171.*
357.7
:
-3* .6
-97.*
*32.1
376.7
375.3
66*.0
-150.6
-IW..3
-21.2
2.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
619.5
6^9.2
533.9
980.2
1,*33.7
120.3
1.0
55.2
135.0
127.5
1,363 .5
256.0
137.5
116.6
91.*
89.5
73.*
78.1
*e.o
*3.2
13.3
U6.3
91.3
1**.3
117.7
25.0
51*. 1
161.7
1*7.*
127.3
90.3
16.*
8*.l
and notes.
Janusj7 *, 19*0, through Dsoeaber 31, 19*1; the breakdown between
-*11.* 1/
20.9
-*3.0
367.6
226.1
369.7
35*.l
666.9
22.7
31.7
1/ Through 19*9, IncluAea transactions In oorporate bonds.
2/ Through 19*9, Included with transactlona In U. 8. QoTe iuswnt bonds
3j
Sales
*3o.2
96.*
151.6
136.9
260.2
let
pnrobases
-6*.
17.3
29.7
9.7
13.5
-1*.6
let purehases of
doaestlo
seovrltlea
Total
purohaaee
9,322.1
260.6
392.9
650.*
637.9
8,695.3
21*.
365 -2
*39.7
751.0
6e6.7
*6.6
27.8
210.7
-113.1
782.1
570.9
652.2
78* .1
2,011.1
1,116.3
659.9
8*^.*
708.9
1,066.6
-33* .2
-89.1
-192.2
75.2
9**.*
1,533.3
1,38*.0
1,**7.9
2,205.7
3,227.0
2,790.0
2,117.6
1,069.0
1,*59.*
2,056.*
2,5*1.8
2,633.6
-58*.
207.*
279.8
185.*
156.*
280.6
227.1
13* .8
133.6
150.6
121.*
302.7
1*9.1
182.7
165.6 r
105.9
2*7.5
279.1
112.7
31*.9
-11.5
1*9.3
685.2
156.*
72.6
1*6.2
3*.8
35.1
-22.1
78.1
-6*.
I
stooks snd bonds Is not arallable for earlier years.
^ellBlnazy
Fevleed
-113.5
-6.8
1
58
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
December 1957
59
.CAPITAL MOVEMENTS.
Section II - Summary by Countrle6
Table 1.- Short-Term Banking Liabilities to Foreigners
(Foaltloa St aad of period In
bUUoim
of
ioUan)
i/
)
60
Treasury Bulletin
.CAPITAL MOVEMENTS
Section II
-
.
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In mllllona of dollars
Calendar year
195l»
1956
1955
E\]rope:
Austria
Belgium
Czechoslovakia
Denmark
Finland
.8
2.0
13.0
15.9
1.9
France
Germany, Federal Repul>llc of
Greece
Italy
Netherlands
12.1
87.8
•.5
29.9
10.6
30.5
1.3
18.8
8.6
Norway
Poland
Portugal
RuDanla
Spain
11.2
1.0
2''.3
Sweden
Switzerland
Turkey
U.S.S.B
united Kingdom
2.7
7.1*
25.7
0.5
Yugoslavia
Other Europe
U.8
6.8
Total Europe
Canede
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuha
Dominican Republic
3 uatemala
Mexico
Netherlende W. Indies i
Surinam
7.1
10.8
125.1
22.6
56.9
51.2
1.9
U.l
92-9
5.6
5.1
153-7
2.6
Panama, Republic of
Peru
El Salvador
3.8
68.7
13.7
2.5
273.5
lU.l
107.0
70.7
2.6
3.9
115.7
Il<3.0
91.9
5.1.
2.6
16.6
1..6
16.2
29.lt
Venezuela
Other Latin America
20.2
e.a
3.7
Ul.6
19.3
10.0
6.9
62.7
26.5
8.1
18.1
lOU.S
33.9
Total Latin America
1»72.7
728.1
705.6
2.6
3.1
3.7
2.6
3.U
Ur'jguay
Aala;
China Mainland
Hong Kong
Ind la
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan (Formosa)
Other countries:
Australia
Belgian Congo
Egypt
Union of South Africa
All other
Total other countries
International
Grand total
>
18.0
10.7
50.0
102.9
15
10. 1>
1/
5.8
5.5
Thailand
Other As la
Total Asia
''.9
.8
13.8
22.9
25.6
6.1
2U.7
6.3
36.0
,
11.
,
I4
5.2
,
2.U
7.8
8.U
17.0
Ma;
t
,
.
.
.
.
December 19^7
61
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(I» thauaajds «f dollars; »8g«tlTe flgurea l»dlcBt e net salae bj forelg«era or a «et outflov of capital froa the Dliltad Stataa)
Calendar year
195Jt
Europe
Austria
BelsluB
CzechaalvTskia
Beaaark
nalaad
Fraace
Geraaay, Federal Bapubllc of.
Greece
Italy
Hetherlaads
Harvay .
Falaad...
Portugal.
Runaala..
Spala. ...
1,813
-581
2
1,800
963
U,869
-1.81
-21,319
Tatal Surope
Caaada
Latla Aaerlca:
Argeatiaa...
BallTla
Braill
Chile
Caloabla
Cuba
DoalBlcaa Republic
Guatemala
Mexico
Hetherlaads W. ladles &
Surlaaa
768
25,355
118
-120,635
6,596
-6,891.
1.22
339
17,695
-1.2,1.27
1,1.611
1.7,580
-3'',
39
2,261
-361
663
April
6,202
1,977
172
-41
-511.
354
125
1,603
1,001
-521
57,086
-287
-l,00ll
-1.7
73, ''02
11.7,1.87
233,939
9,368
-1.5
1,1.16
31.6
69,766
96,025
7,659
21,361
-8
71,258
-186
-1,373
5,371.
3,51.1.
62,323
138,926
329,117
161,019
41,692
-120,617
-1B7,195
261., 865
-123,507
-8,751
1,138
119
638
1,115
-1,519
19,385
-1,029
-1,170
-938
2oe
3,066
1,979
930
108
1,110
3,782
1,832
2,260
-260
-1.71.
1,1.60
1,691.
380
255
265
53,677
-53
9,087
778
-29
1,190
3,903
516
3,016
-1,789
670
-57
-436
-168
3,721.
128
-1,015
39
1.13
81.,
-1,267
Faaaaa, Republic af.
Peru
Kl Salvador
Uruguay
Veaezuela
Other Latla Aaerlca.
Total Latla Aaerlca.
2»,859
801.
-157
3,'i5«
6,M)3
l,l>lt3
3,61.9
3,0ltl
8,025
1.92
279
l',723
621.
198
669
3,769
7,1.1.5
-261.
76,166
33,859
-6
Asia:
~CEiaa Malalaad
Baag Eaag
ladla
ladaaeela
Iraa
Israel
Japaa
Korea, Republic of.
Phlllpplaee
Talvaa ( Foraosa ) . .
688
153
51
-1,1132
5,393
531*
-401.
5.300
789
5,521.
Ikl
1.9
-74
-1.9
-7I.8
15,11.0
-153
-57
-1.1
20
-91.
-550
1,063
-785
1,751
Ska
i/
21.
1/
8
-11.,
777
117
706
1,096
15
-179
853
-1,079
-180
-IW
251.
43
877
758
l',857
-358
70
3, ''51
-1.20
151.
91.5
Other couatrles:
Australia.
fielglaa Coago
ftypt
Oilan of Sourh Africa.
All ather
5l'l
287
2,326
4,111.
56e
Total other couatrles.
3,225
6,561.
4,381
714
77,730
-20,561
8l,7''5
11.9,318
685,232
156,351
lateraatlaa&l
168
3l»il
-20
-213
210
22,7'll
July p
-1,196
-59
-1,685
8,761
811
-18I.
.
-2,903
13,311
-616
Ul
631
Swedea
Swltzerlaad....
Turkey
U.S.S.B
Oalted Elagdoa.
1956
-28
-98
1,923
-1H,668
183
21
,
Tugaslarla
Other Surape .
l>,060
1955
Auguat p
Saptember p
.
.
..
Treasury Bulletin
62
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securl ties by Foreigners
(In thouaande of dollara; negative flguroa Indicate net ealea by forelgnera or a net outflow of capital from the United
£
Calendar year
Country
1953
Europe:
Auetrla
3,056
Belgium
CzecbosloTakla
Dennark
Finland
Prance
Germany, Federal Republic
Greece
Italy
Hetherlanda
7,21'»
.
.
.
3,1''3
1,179
-4,670
1,280
1,351
3,991
-6,091
-8l',81tl
15,356
179
5,401
U,662
60
1,783
-24,275
10,337
-20,090
-992
349
-2,814
-1,631
5,762
6,146
-118
1,861
2,721
1,364
1,027
604
1,630
1,161
750
-4
1,060
2,058
-1,332
14,233
495
19,594
316
3,075
-84
3,938
-59,218
-3,464
-1
Total Europe.
-5
14.827
-9,119
-137.761
-447,162
-133,17''
74,154
7,189
1,562
1,2U5
5,5''0
-1,558
118
5,763
3,621
1.058
3,089
-1,007
127
5,311
211
-351
6,031
6,469
515
'•35
237
3,356
5,065
-1 186
2.875
2,137
1,322
129
2,753
-394
48?
-974
9
1,798
-1,871
580
-2,055
-5,554
23,506
17,184
56
5,125
436
3,205
501
5".
51
-323
-164,898
-17,891
54
1,961
251
541
-167
43
224
-28,952
-115
-16
-21
1,586
1,023
-197
-1.491
269
-158
183
326
46
567
226
294
13
523
228
9,074
-68
8,067
i
3I1O
Uruguay
Venezuela
Other Latin America.
1,633
-lt30
U96
6,299
117
12.179
Total Latin America.
3l<,599
32,760
2,358
lliO
136
139
25
-11'
-38,172
11,038
1/
281
-39,992
6,232
-1/
-133
220
1.3U
501
Other countries:
Australia..
Belgian Congo
ISypt
Union of South Africa.
All other
Total other countries.
58
1,255
23
6,476
6,214
97
148
1,110
16,725
19,000
2,458
1,065
1,654
-3,983
-197
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Korea, Republic of.
Phlllpplnee
Taiwan (Formosa)...
368
1,475
390
-l»87
33,620
Canada
Israel
Japan
May
284
1,131
Iran
3,416
2.202
April
-234
37,051
China Mainland.
Hong EoQg
India
Indonesia
-13
25,57''
Yugoslavia. ..
Other Europe
Panama, Republic of.
Peru
El Salvador
-584
5,955
-3
all?
5,395
Sweden
Switzerland.
Turkey
U.S.S.R
United Klngdoi
Cuba
Dominican Republic ....
Guatemala
Meilco
Netherlands W. Indies
Surinam
-587
-6,985
12,00li
Norway
Poland
Portugal
Rumania.
Spain
.
1956
1955
1951'
-34
-36
186
-216
-305
78
-153
-43
-543
-150
115
-1.843
401
-167
266
608
-48
-56
-331
143
19
-53,088
-54
-1,949
358
245
450
-2,387
-211
-657
-11,272
1.308
8,071
-311,11.9
-48,725
-39,962
1,036
-3,693
14,850
-5,61.7
-21,796
1,722
-343
-163,886
-26,534
469
6,805
56
183
25,813
International.
-72,231
-958
612
1,125
-1,116
-5,778
-54,626
-19,167
-603
December 1957
63
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of October 31, 1957
(FoeltloD In thousemla of dolXtn)
Treasury Bulletin
eu-
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of September 30, 1957
(Position In thooaands of dollars)
)
December 1957
65
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during September 1957
(
In thousands of dollars
..
.
.
Treasury Bulletin
66
.CAPITAL MOVEMENTS.
Table 2.- Long-Term
i/
Section IV - Supplementary Data by Countries
Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position Bt end of period Id tbouBande of dollars)
Liabilities to foreign
Qlalaa on foreigners 2/
1956
1956
1957
Europe:
1,IH6
3,571
Austria.
Belgium.
1,650
7,571
Deninark.
7I15
Finland.
France .
1,516
10,712
2,200
2,236
6,83U
8,117
1,1*96
500
Germany, Federal
Republic of
Greece
Italy
Netherlands
Norway
S,liiti»
2,l»35
11,U91
11,650
73,519
Portugal
Spain
Sweden
Switzerland
Turkey
Uhlted Kingdom...
Yugoslavia
Other Europe
Total Europe
10,559
1,500
1,638
6,059
1,1139
l,0lt5
259
2,558
2,275
12, 92 It
10,li00
1,81*7
11,51*6
Canada
2,125
2,783
2,330
9,179
1,711
10,821
11*, 800
10,1*87
70,851
9.800
69)991
81*, 71*7
89,91.1.
U2U
38I*
1,81*1*
2,111
23,190
2,676
15,000
2,601
23,190
It, 626
5,760
23,820
U,126
7,1*11*
1,803
6,150
22,085
3,260
31,377
57,196
1*9,053
3,165
l*,357
10,368
11,631.
1,91*0
l.,6l4l
10,311*
21,570
5,076
112,392
7
6,917
114,1.50
120,762
8,200
2914,568
28,112
37,802
1*7,1*99
Latin America:
Argentina
Bollirla
Brazil
Chile
Colombia
1,918
62
1,978
209,968
858
208,315
96I1
38,629
25,132
ltl,697
58,1*92
61.
26,U6o
36,752 r
31. ,21.2
106,520
11,116
1,181
73,878
31,656
2,51*9
2,680
39,776
6,229
1451,229
1*77,097
072
1*3
20,050
3,880
1*5,838
10,700
336
Total Asia.
Other countrle
Australia
Belgian Congo
Union of South Africa.
All other
Total other countries
1/
2/
2,711*
11,110
1,087
2,552
1,956
l,gU8
5,007
6,659
Having a maturity of more than one year from date of Issuance; excliailng
long-term securities.
For the following countries, no long-term liabilities or claims were reported as outstanding at the end of periods shown In this table; Czechoslovakia, Poland, Rumania, U.S.S.B., Netherlands West Indies and
13,1*07
,650
356
1*07
U82
U,6ol*
5,025
37,883
9,752
i.,725
6147
36,921
15,8U3
25,071.
513,311
531*, 296
225
268
U,609
22,351
225
292
760
7,617
20,737
7,81.8
7,600
1.96,159 r
225
.
Grand total
110,080
11,127
1,155
10,797
98
206,330
810
21,151
12,219
3,110
267
U,659
''It,
539
6,105
.
110,771*
653
119,921
11,110
957
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
163
206,1*1*9
12,U2l»
It,
India
Iran
Israel
Japan .
Phlllppln
207,376
717
11,986
98,528
Cuba
Donlnlcan Bepubllc
Guatemala
Mexico
Panama, Bepubll< of.
Total Latin An»rlca.
10,932
96
1.7
71lt
105
15,622
3,351
1*6 760
7,566
3,296
23,158
11,036
12,105
,
11*5
1*,032
1*6,793
7,991
500
7,9''3
8,9it6
7,895
250
196
17,278
12,21.6
17,1*22
ll*,i*67
5,996
19,673
3l*,715
38,111
22, 808
33,767
760,151
830,91*9
806,161
953,266
500
250
Surinam, China Mainland, Taiwan (Formosa), Hong Kong,
Republic of Korea, 5^pt, and International,
ftrellmlnary
11*,
20
76,891*
Revised.
520
1*1,6140
5,171
30,362
1,033,061
.
.
-
-
.
December 1957
67
.CAPITAL MOTEMENTS.
Section IV - Supplementary Data by Countries
Table 3.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions
(PoBltlon at end of period In nllliona of dollars]
1956
Az^a and countrj
Gold and
Gold and
ehortt«ra
dollars
Bhorttera
dollars
Cold and
short
tera
dollars
Continental Western Europe:
326
1,201
91
Finland
France (and dependencies) l/.
Geraanj, Federal Bepubllc of
Greece
Italy
letherlands (and Metherlands Vest
Indies and Surlnaa)
lorva^
Portugal (and dependenclee)
Spain (and dependencies)
Sveden
Switzerland
Turkey
Other i/
Total Continental Veatem Europe .
361
1,227
96
3lt2
81.
5
1,957
151
2,37'>
1,265
95
90
1,631
187
1,137
3,099
161
1,286
3,329
187
1,268
1,100
127
1,113
109
1,071
117
601
221
U29
617
185
628
l6o
1.53
''83
2,35l»
2,kl.6
2,512
153
872
158
l,057r
9nr
13,21't
llt,107r
ll.,113r
161.
Sterling Area:
Dblted Klngdoa
United Kln0do« dependenole
Australia
India
Ublon of South Aft'loa
Other
2,600
eu
219
Total sterlli^ area.
3,702
2,820
90
177
328
320
265
21lt
2li8
7_
295
Canada
2U
3,87'i
3,93'.
2,5'>7
Latin Anerica:
Argentina
Bolivia...
Brazil
Chile
509
26
1^66
139
217
Colcia>ia..
Cuba
Doainlcan Republic.
U. Salvador
Guatenala
Mexico
\, Republic of.
Peru
Uri^uay
Teneluela
Other
TotAl Latin Aaerloa.
127
281
668
3
111
3,967
3,789
191
iflla:
Indonesia
Iran
255
20l>
175
1,021
1,186
17'>
61>7
298
25k
677
2.616
2,793
268
250
niilippin**
Thailand
Other
Total Asia
^
Baatera ligope
Othar oountriea:
-30B21>6
U6
Total other coiAtrlea.
362
Total foreign oountriea .
26,l6l>
International
37589^
Grand total
29,853
1,306
1,629
31,«lr
Hote: "Gold aid short-tera dollars" include reported and estiaated official
gold reserves, aid official and private ahort-tera dollar holdings (principally deposits and D. S. OovemBsnt aecttrltiea with an original aaturity
of on- year or loos) reported by hanks in ths United States. "U. S. Oovemaent bonis and notes* Incltiie estiaated official and private holdings
of 0. S. Covem^nt securities with sn original aaturity of aore than one
year; estl^tea are based on s survey of eelected United States banks and
on K>nthly reporte by banks and brokers of eecuritles transactions.
1/ Inclidee gold reserves of Bank of France and French dependencies only.
6
Gold and U. S.
shortGov't
term
bonds
dollars and notee
Gold and
shorttera
dollars
Gold al^
Gov't
short
and notes dollars
Gov't
bonds
and notes
Treasury Bulletin
_COEPORAnONS AHD CERTAIN OTHER BUSINESS-TTFE ACTTVITIES.
The financial statements of corporations and certain
other business-type activities of the United States Oovernappear In the "Treasury Bulletin" beginning with
the August 1956 Issue are compiled from reports submitted
raent **iloh
to the Treasury under Department Circular No. 966,
Issued
Four kinds of financial statements are called for by
Department Circular No. 966. They are statements of
financial condition. Income and expense, source and
application of funds, and certain commitments and contln-
genclea.
All of the financial statements required by
the Circular are presented In the Bulletin.
The statements
January 30, 1956,and Supplement No. 1, Issued June 1, 1956.
The regulations so Issued are pursuant to Section n't of
the Budget and Accounting Procedures Act of I95O (3I D.3.C.
of financial condition are published quarterly and appear
66 b), and represent another step In the program of comprehensive and Integrated Oovernment accounting and fi-
the new regulations are for March 3I, 1956, and were
presented In the August 195^ Bulletin. Statements of
as Section
I
In the series of tables.
The first data under
nancial reporting for which authority was provided In that
Income and expense and source and application of funds
They supersede Budget-Treasury Regulation No. 3.
Issued under Executive Order No. S512 of August I3, igl+O,
III.
act.
as amended by Executive Order No.
9034 of March
3,
1942.
are published semiannually,
and apnear as Sections II and
The first of these statements under the new regula-
tions cover the fiscal year 1956, -'-nd were published In
the January 1957 Bulletin.
Certain com:7iltments and
contingencies will be added on a semiannual basis for
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corooratlons specifically
included in the Oovernment Corporation Control Act, as
amended
(
3I U.S.C.
SU^,
business-type public enterprise or Intragovernmental fund
budgets are required by the Bureau of the Budget.
activities and agencies whose operations,
Other
services,
functions are largely self-liquidating or primarily
and trust revolving funds.
1
added to the coverage by Including
Department Circular No. 966, but required only a statement
of financial condition annually as of June 30,
of
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
revenue-producing nature, and activities and agencies
Investments and other recoverable aaeets,
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
of furnishing the financial reports required.
Supplement Ho.
all executive agencies and activities not reporting under
or
whose operations result In the accumulation of substantial
Inventories,
activities, deposit funds,
S56); and all other activities
of the Government operating as revolving funds for which
a
a
Within the sections, the agencies are
grouped in separate tables by type, as follows:
public
enterprise funds, intragovernmental funds, certain other
subsequent date.
These are
balance sheet statements were authorized temporarily to
Reports under Supplement
report only the asset side.
No. 1 as of June 30, 1957, are published, along with other
statements for that date, in the December 1957 Issue of
the Bulletin.
They appear as Part B of Table *.
December 19^7
69
.COEPORATIONS AND CERPAIH OTHER BUSHJESS-TyPE AC TJ-ViT IES.
Section
- Statements of Financial Condition, June 30, 1957
1
Table 1.- Sununary for Specified Classes of Activities
(In thousands of dollars)
.
Treasury Bulletin
70
.
COEPORATIQItS AND CERTAIN OTHER BUSIBBSS-TrPE
Section
I
ACl'iVi'i'iJfiS.
- Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
International
Cooperation
Molnlstratlcfi
Forei^
Inrestaent
guaranty
fund
AtOBlC
Ezport-Ii^ort Bank of Washington
fiiarg7
Dafenee
production
guaranteea
Regular
lending
activities
Liquidation
of certain
RFC assets
Expansion
of defense
production
ASSETS
Cash in banks , on hand and in transit
Fund balances with the U. S. Treasury...
Investments:
Public debt securities (par value)
Securities of Government enterprises..
Unamortized premium, or discount {-)..
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)...
Land , struct\u*es , and equipment
Accumulated depreciation (-)
Other assets (net)
j
.
79'>,650
50,li28
-5,021
lU9,01t2
1,132
63,1*00
3,382,130
"•73,782
6,11(1,805
-2,221,199
3,126
1,223
55,909
2'.,538
1,000
8,681., 767
2,603,11.1. 1/
3W.
27,053
-53l',962
1711,872
k, 181, 513
-855,680
'»38,373
22,197,5''5
Total assets
U,38U
39,320
162,055
1,055 ,£oa
2,028
2,671,1.91
36,585
LIABILITIES
Accounts payable:
Government agencies
Other
,
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds f debentures, and notes payable:
Government agencies
68,671
563,1.81.
56,670
198,926
265
2,375
533
9,596
72,618
',
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
NET INVESTMENT
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-),,
Total United States Investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to GovemiDent agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Tahle 7.
56,703
570,1.17
658.310
27.757 1/
2,308,738
26,073
365
18,751,009
506,036
1,178,000
26,536
1,129,210
1,000,000
11.0,971
31., 501.
5,536,131.
1,203,628
-1,01.8,326
1,71.6
-6,329,856
2/
1.65,1.18
19,888,807
2,61.3,1.18
28,282
36,530
22,197,51.5
2,671,1.91
26,61>7
36,585
26,218,663
-6.329.856
2,178,000
28,282
36,530
_J*L.
19,888,807
-3 ,1.35,913
l»7.7l.7
I6,6k0,6k0
1.65.1.18
2,61.3,1.18
_5L_
2,oe8
31.1
(Continued on following page)
8,61.3,1.61
_265_
28,5^7
36,535
n
December 1957
,
COEPORATIONS AND CERTAIM OTHER BUSINESS-TYPE J(CTIVnTES.
Section
I
-
Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
-
(Continued)
72
Treasury Bulletin
COHPORAnOWS AND CEEffAIN OTHER BUSIKESS-TYEE ACTIVITIES,
.
Section I - Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousandg of dollars)
Saall Bualneas Adalnlatratloo
lftiit«d
Statee
Teterana* Adjdnletratlon
InfanatloQ
Eto&ll
def«nea
pXanta
activities
Liquidation
of ETC
dlsaeter
loana
Tanneaaae
Valley
Authority
22k
6k,2iB
663
101,772
225
535
U,U21
,
,
,
22
10,971
l^2,7^5
,
-567
,
,
,
,
6,81^
l»t7,990
-Jt,91*»
69
,
Total assets
LIABILITIES
Accounts payable;
Government agencies
Other
Accrued liabilities;
Government agencies
Other
Advances from:
Government agenciet
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
2,996
,*
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
MET INVESTfENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury,.
Other
Nonintereat-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Acciimulated net income, or deficit (-)
Deposits of general and special fund
i»n,9e6
239
-1U,205
205,795
Total United States interest
S09,136
Total liabilities and investioent
"
ANALYSIS OF UNITED STATES INVESTMENT"
United States investment
Accumulated net income, or deficit (-)..
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (- )
Due to Govemnjent agencies
Total United States Investment after
exclusion of interagency items
Pootaiotea at end of TbhLeT*
-132
Inforaatlonal
edla
guaranty
fund
ASSETS
Cash in banks ^ on hand> and in transit...
Fund balances with the U. S. Treasury...,
Investments:
Public debt securities (par value)....,
Secxirities of Government enterprises,.
Unamortized premium, or discount (-)..,
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses {-)
Accrued interest receivable:
On public debt securities
On secxuritiea of Government enterprise!
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral tnet),,,.
Land, structures, and equipment
Accumulated depreciation (-J
Other assets (net)
A«eii07
Canteen
eervloe
reTOlrlag
December 19^7
73
.
COBPORATIONS AHD CERTAIU OTHER BOSIHESS-riHE ACi'J.ViTlES.
Section I - Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprlee Revolving Funds - (Continued)
(In thousands of dollars)
.
,
7"^
Treasury Bulletin
.
COKPORATIOIIS AND CEETAIM OTHER BUSrHESS-TTFE /ICTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Geooral Sarrlcea Molnlatratlou
-
(Cantlnued)
Houalng and Hole Finance Agency
Office of the AdAlnlatrator
Ataca
fiber
program
Expaiulon
of defense
production
Defenae
production
guaranteea
College
housing
loans
Public
facility
loane
Public vorka
planning
funi
Liquidating
prograjaa
ASSETS
Cash in banks » on hand, and in transit..
Fund balances with the U. S. Treasury
Investments;
Public debt securities (par value).
Securities of Government enterprises..
Unamortized premium, or discount (-)..
Other seciirities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses i~)
Accrued interest receivable:
On public debt securities
On securities of Government enterprisej
Other
Loans receivable:
Government agencies
Other
Allowance for losses {-)
Acquired security or collateral (net) ...
Land , structures , and equipment
Accumulated depreciation (-)
Other assets (net)
9,869
-5,353
390
116,535
-18,219
11,966
Total assets
11,52'*
90lt,288
15
563
616
9,20e
1,''98
33,3't7
l,91'i
3,875
18,637
19,026
167
5
56,9116
187
6,01i3
255
10,261t
2,1911
68U,955
785
1,783
191,395
-3,525
501
93,116
3,9't2
1,292
17,891
11,986
3211,710
LIABILITIES
Accoiints payable:
Government agencies
Other
,
Accrued liabilities:
Government agencies
Other.
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States
Other liabilities (including reserves)..
Total liabilities
31
l.Ull
265
'.
3.938
2,5li6
li,279
Ngr INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury,.
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table 7.
1,018,700
227,857
l.liOO
515
17,366 5/
-6,871
10,li9li
-139,602
3,9'H
879,613
3,9''l
90ii,2BB
3,9112
17,366
-6,871
10,li9li
879,613
-727
-6,210
11,536
9,783
1,571,999
270,939
-1,128,006 6/
8811,939
-3911,501
226,709
1,023
U,9e6
U,986
320.1131
227,857
l,lt0O
7111,931
3,9lil
-l,lli7
-377
-39U.5OI
3,9111
226,709
11,986
-277
2.21l5
3,9ltl
(Continued on following page)
228,955
11,986
320,185
.
December 1957
75
.
COEPORAnONS ARD CERTAIN OTHES BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Flnfinclal Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued!
(In thousands of dollars)
EoufllDg and Hone Finasoe Agency - (Contlimed)
Office of the Malnlstrator
(Continued)
Urban
renaval
fund
Comunltj
Agriculture
Departnent
Federal Hatlooal
Nort^a^ Aaeoolatlon
Manageaent
dlapoaal
operatlona
ami
llqitldatlng
fuM
fonctlone
Special
aaelBtanoe
funntlone
Federal
Houelng
Adalnlatretlon
Public
Housing
Adnlnlstratlon
COBHOdlt^
Credit
Corporatlo:
ASSETS
Cash in banks « on handf and in transit..
Fund balances with the U. S. Treasury...
Investments:
Public debt securities (par value)....
Securities of Govemment enterprises..
Unamortized premium, or discount (-)..
Other secxirities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-J
Accrued interest receivable:
On public debt securities
On securities of Government enterprise;
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
65,953
1,978
1,699
22,972
36,2li6
U85,378
Ik, 165
22,607
38,303
-3,6ii2
It71
29,655
69
l,2li3
5, '•51
1,306
186
961
1,196
23
1,037
7,890
'>8,9't3
6,389
2,356,1176
3,306,169
388,993
5,371,789
-2,219,255
1,0119
1,000
-2,003
2lt,626
911,237
-l,6li8
-296 8/
li,96l
166,7611
"•73
2,701
-1,525
101.921
798,879
-222
U
Hi, 101
Total assets
167
175
2,''38,H3
211,736
1,9911,307 1/
-162,775
27,381
-7,578
2ll3,ll29
5.66I1
98.263
-78,1150
LUBILITIES
Accounts payable:
Government agencies
Other
,
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds , debentures , and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
32
18,5117
28l,5ll2
662
66lt
19,015
1,715
628
25,0l»3
50,li35
.*
56,000
570,37'!
5e5_
1,076
120.2li6
_6*5_
ll29,055
2l>7,391
NBT INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
100,000
13,383,000
53,000
1,000
157,000
1162,990
239,532
597
-6,000
-562
111,
-97,671
20,310
531,178
-625,168
-5,712,600
Total United States interest
112,329
8,035
1,809,698
2k, 322
551,li88
119,35k
7,770,k00
Total liabilities and investment
Ul>,101
6,391
2,'t38,113
2lt,736
798,879
152.987
8.706.103
210,000
-97,671
8,597
1,716,166
93.710
21,677
2.kli5
20,310
531.178
7li*,522
-562
-625.168
13,k83,000
-S. 712.600
112,329
8,035
1,809,698
2k, 322
551,k88
U9,35l>
7,770,kO0
-lk,k21
52.529
-152
k55
-3,307,169
19.175
589.596
119.656
k.kaa.koS
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income , or deficit
(-
) .
Total United States Investment including
interagency items
Interagency items;
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table 7.
66,938
69I1
60
19.070
113,022
8,096
1.762.031
(Continued on following page)
2k. 51k
2/
76
Treasury Bulletin
.
COBPOEATIOWS AHD CKBTAIH OTHEX BOSIRBSS-TYPE ACTIVITIES.
Section I - statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Ciontlnued)
(In tbousandB of dollars)
December 1957
.
COBPOHATIONS AMD CERTAIM OTHER BUSIKESS-TYEE ACTIVITIES.
1957
I - Statements of Financial Condition, June 30,
Table 2.- Public Enterprise Revolving Funds - (Continued)
Section
(In thousands of dollars)
.
.
7S
Treasury Bulletin
,
COEPORATlCMfS AHD CERTAIM OTHKR BUSIKESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior Department
Bureau of Reclaaatlon
Bureau of
Federal Credit
UnloDB
KeTolTlng
fuDd for
loans
Fund for energency expenses
Fort Peck
project Mont
,
Upper
Colorado
River Basin
fund
Developnent
and operation
of helium
properties
Bureau of
Comoerclal
Fisheries
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)....
Securities of Government enterprises..
Unamortized premiiim, or discount (-)..
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses {-}
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net) . .
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
632
7,901
-1,189
211»
12, 180
-63
-1.67
-61.
107
9.696
1,269
Ik, 657
Total assets
19,1.70
-8,311.
226_
19,855
9,926
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds debentures and notes payable:
Government agencies
,
38
252
,
*.
Other:
Guaranteed by the United States
Not guaranteed by the United States,
Other liabilities (including reserves)..
Total liabilities
Ngr INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Acciimulated net income, or deficit (-).,
2, '•75
-1,617
Footnotes at end of Table 7.
13,192
1,8I<7
2,1.27
11.91.8
2,891.
15,620
19,116
l.O")! 10/
7,61.7
833
1,166
l't,657
19,855
175
16,271.
IU.81.2
656
-1,617
'.,275
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
2,125
12,670
15,620
19,116
-1
833
1'..657
153
81
12,822
1^.699
(Continued on following page)
18,717
9,926
December 1957
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE /ICi'iViTikB.
Section I - Statements of Financial Condition, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior Department
-
(Continued)
Office of Terrlto
(Continued)
Loans to
private
trading
enterpria
Virgin
Islands
Corporatlo
Expansion
of defense
production
Department
Bureau of
Qnployment
Security
Farm labor
supply re
Post Office
Department
Treasury Department
Office of the Secretory
Federal
Facilities
Corporatlc
Ing fund
Reconetructlo
Finance
Corporation
ll/(ln liquidation) 12/
1
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury....
Investments:
Public debt securities (par value)
Securities of Government enterprises
Unamortized premiumi, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net J
Land , structures , and equipment
Accumulated depreciation (-)
Other assets (net)
—
Total
3,865
5,028
19,006
27,230
230
2,7U6
13,331*
12/
1,525
255
990
16,910
-16,62U
.
70U,l*62 ii/
6,601
-1,725
351
-105,053
31,953
-25,970
10 ,870
ets.
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
35,005
185,1*10
181
2iia
l»,152
Other:
Guaranteed by the United States...,
Not guaranteed by the United States
Other liabilities (including reserves).
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
26,000
6,989 li/
538,692
6l2,7l''t
ii/
29,1*1*3
-2U,865
629,981*
Total United States interest.
29,1*1*3
Total liabilities and investmen
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net
deficit (-)...
luding
Total United States investment
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table 7.
7,762
-51
7,711
Jfi^
1,135
1,151,1*36
-521.1*53
29,1*1*3
365
266
-19,708
39.158
I.UOI
61*9,1*31*
-108
(Continued on following page)
-1,525
2/
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Ck)ndltlon, June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Ckintlnued)
(In thousands of dollars)
December 1957
ai
,
COEPORATIONS AMD CEKTAIM OTBER BUSINESS-TYPE ACTIVITIES.
Section
I
-
Statements of Financial Condition, June 30, 1957
Table 3.- Intragovernmental Revolving Funds
{In thousands of dollars)
,
.
Treasury Bulletin
,
COBPOBATIORS tSD CKBTAHI OTHER BDSXRESS-TYFE Affi'lViTlES.
Section I - Statements of Financial Condition, June 30, 1067
Table 3.- Intragovenraental Revolving Funds - (Continued)
(In thousands of dollars)
Agrloaltara DopartBont
CoBHaroa Deportaeat
Agrlealtvral
CoDfltrvctlcoi
serrlcea
public
Baaaarcta
Warklng
capital
fund
bulldljoge
Sarrlce
UorkiBg
capital
fsnl
Working
capital
fond
Vorklng
capital
fund
Ratl<Aal
Bureau of
Standards
oaplt&I
ASSETS
Cash In banks , on hand , and in transit
Fund balances with the U. S. Treasury....
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium* or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losBOS (-)•..«
Accrued interest receivable:
On public debt securities
On securities of Government enterprise:
Other
Loans receivable:
Government agencies
Other
Allowance for losees (-)
Acquired security or collateral (net)...
Land , structures , and equipment
Accumulated depreciation (-)
Other assets (net)
.
.
1,1(22
50e
l.OkS
9
829
'•38
'',775
81
1,830
,
,
185
-85
-265
23,512
-11,675
U2
706
-363
5_
1.5, 38U
-12,669
1,083
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
78
1,080
8I.3
7'>
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
li,279
2, ''92
Ngr iwvESTMEirr
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
300
203
ItOO
510
Total United States interest
Total liabilities and investment
ANALYSIS OF UMITED STATES INVESTMEMT
United States investment
Accumulated net income, or deficit (-)..
Total United States investment Including
Interagency items
Interagency items:
Due from Government agencies (- )
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnote
at end of Table
T,
366
138
138
»-567
1-363
503
167
2I17
671
-66
-507
-l,«lt9
1,007
"16,171
J138
-J»,775
653
35.5'>8
970
255
(Continued on following page)
13,017
—
S3
December 1957
.CORPORATIONS AND CERTAIN OTHER BUSINBSS-TYFE ACTIVITIES.
I - Statements of Financial Condition, June 30, 1957
Table 3«- Intragovernmental Revolving Funds - (Continued)
Section
(In thousands of dollars)
Dofeme Departaent
lav; DepartBent
Aroy Dapartnent
Stock
fund 1/
Induetxial
fund 1/
ASSETS
Cash in banks, on hand, and in transit
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)
Securities of Government enterprises....
Unamortized premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses \~}
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
lAnd 1 structures and equipment
Accuimulated depreciation (- )
Other assets (net)
7,5oe,
Total assets
8,316,'
18,3116
a,28l>
16,888
208
8,963
l8it,5ei
»
78,371
'•9,'
253
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from;
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
10ll,2gl
187,167
NET IWVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings fronj the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
Total United States interest...
8,129,337 2/
8,K9,337
Total liabilities and investment.
ANALYSIS OF UNITED STATES INVESTMENT
8,316,?0U
United States investment.
or deficit {-)...
Accumulated net
8,129,337
stment including
Total United State;
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
ited States investment after
on of interagency items
8,129,337
-3'>5,55'»
7,783,78l»
S't'i.U?
Air Force Departiaent
:
.
gu
Treasury Bulletin
.CORPORATIONS AHD CKRTAIll OTHER BUSINESS-TYPE ACTIVITIES.
I - Statements of Financial Condition, June 30, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
Section
(In thousands of dollars)
Health, Mttcatlon, and Welfare Dcpartaent
Public Health Serrlce
Office of
Narcotic
the Secretarj
hoapltale
Serrioe and
Worklne
Working
supply fund
capital
capital
fad
Interior
Departaeot
Justice
Sepertaent
Office of
Federal
the Secretary Prison
Industries,
Working
Inc.
capital
fund
Treasury Departaent
Bureau of
KagraTing
and Print-
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury
Investments
Public debt securities (par value)
Securities of Government enterprises . .
Unamortized premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses {-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
16
lt,l>9l>
2,0ltl
1.79
,
l,lli3
1>,*61
76
222
101
1,090
87
*,*96
38
8,llH
,
185
-81
31,1*2
-6,56*
692
315
-179
56
Total assets
22,17*
37,767
8,lB*
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
87*
760
95
92*
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
l,'i76
1,*57
3,609
1,63*
HBT IKVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-)
Deposits of general and special fund
use
1,5*3
5,150
3,250
22,001
8,939
6,U0
15,5W
-32
1*0
Total United States Interest
6,551
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
a,»oi
United States investment
Accumulated net income, or deficit (-)..
Total United SUtes investment including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
footnote
at end of Table 7,
685
2z,nk
*75
*5
5,150
15,5*8
2,U0
-*1
65
-*79
1,631
6,*10
1*0
20,698
-32k
3*
-2,0*1
183
-2,378
718
3g,*98
6.33*
December 1957
.
CORPORATIONS AND CERTAIH OTHER BUSmESS-TYEE ACTiViTlhS.
Section
1957
I - Statements of Financial Condition, June 30,
Table 4.- Certain Other Activities - Part A i/
(In thousands of dollars)
Intemationel
Cooperation
AdJBl nl stra 1 1 on
Zone
Total
Government
Part A 1/
Civil
Service
CommleBl
Federal
Conmunlca
tlons
2/
Conmiisslo
Federal
Mediation and
Conciliation
Service
ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U. S, Treasury..
Investments:
Public debt securities (par value)...
Securities of Government enterprises.
Unamortized premium, or discount (-}.
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
(-).
Alio
Accrued interest receivable:
On public debt securities
On securities of Government enterpri
Other
Loans receivable:
Government agencies
Other
AlloMance for losses (-)
Acquired security or collateral (net).
Land , structures , and equipment
Acciimulated depreciation {-j
Other assets (net)
Total assets
2, >>>(>
115
9H ,069
li,177
3 ,563 ,058
8,781.
3,181,593
6,30'>,a33
150,125
190,5119
9,2U6,6e3
-97,979
965
6,522,260
2,083,963
113,991
-111,885
2,139
-86,91li
216.976
1,227
966
30,128,1109
112,590
7,238
LIABILITIES
payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds , debentures , and notes payable:
Government agencies
Other:
Guaranteed by the United States ....
Not gtiaranteed by the United States
Other liabilities (Including reserves).
19,576
ii7,oaa
l6,li22
20,0I<1
1,106
3,1159
7I1
17,295
19.293
3116,631
Total liabilities
16,151
115,759
16,152
308
10,285
NBT I1^VEST^ENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fxind
Total United States interest...
Total liabilities and investment.
ANALYSIS OF UNITED STATES IWVESTMEHT
United States investment
Accumulated net
atment including
Total United States
interagency items
Interagency items:
Due from Government agencies (-)...
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table
1.
1,198,058
15,576,216
5,828,936
8,5UO,376
-2,795,957
897,753
1,652
1,086
176
2,208
3,023
30,11511
-23 ,0ii5
-1,338,006
29,781,778
2,072,766
30,128,U09
2,088,916
5
'ill'
7.238
32,577,735
-2,795,957
2,095,811
3,29li
3,199
29,781,778
2,072,766
3,2911
3,199
-Ik
-150
1.350
.3,ii5q
11,630
6,509
32,306
32,306
-23 ,0li5
-83I1
-161,031
1117.202
16.151
29,767,9119
2,088,917
2.9119
(Continued on following page)
278
127
Treasury Bulletin
S6
.
COHPORATIONS AHD CKRTAIN OTHES BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities - Part A i/ - (Continued)
(In thousands of dollars)
December
87
I9'y7
.CORPORATIONS AND CERTAIN OTHER BUSIKESS-TyRE ACTIVITIES.
Section 1 - Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities - Part A i/ - (Continued)
(In thousands of dollars)
Treasury Bulletin
.
COKFORATIONS AHD CERTAIH OTHES BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities - Part A i/ - (Continued)
(In thousands of dollars)
Justice Dopartaont
Stata Dapartaent
Treaaury Departaant
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)....
Securities of Government enterprises..
Unamortized premium, or discount (-)..
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise:
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)...
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
It
82
,215
'',375
3,562,988
1/
3,077.W'2
8/
1,2I>1
211
52
150,125
31,310
3,508,3111
-2,052
16,723
57,175
-1,21*3
3,790
Total assets
li,li76
611,961.
10,328,127
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds , debentures , and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
Mgr INVESTMEMT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonintereat-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
1,626
3,790
3,935
10,lli6,692
16,776
-23,830
I8l,ii35
-593
Total United States interest
Total liabilities and Investment
6Jt,U99
26,31lt
10,328,127
10.326.127
ANALYSIS OF UUITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
Total United States investment including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States Investment after
exclusion of interagency items
Footnotes at end of Table
7.
88,329
-23,830
10,1U6,692
61t,liy9
10,328,127
-l,2lil
1,626
I8l,li35
-150,125
k9_
6Jt,5l>9
10,178,003
2/
.
December
19 JT
89
.
COHPORATIOHS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
1
-
Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities
-
Part B
1/
(In thousands of dollars)
Total
Part B
1/
Intornational
Cooperation
AdHlAlstratlon
Atoiolc
fiiergy
CoHBlsBlon
Farm
Credit
Adnlnlstratlon
Federal
ClTll
Defenae
Adnlnletratlon
Snlthaonlan
Inatltutlon
2/
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury....
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise:
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
,
158,901
51.
5,636,381.
1,321.
lii,67lt
808
39,181
1,501.
36,862
2,609
3,358
23,838
2,1.30
1,228
28,788
2,281,338
2,029,006
l8,U3l.
1,760,170
-11,120
-12,162
138,108
36,662
13,383,378
-1,553,010
17,1*11.
25,2k6
6,596,679
-1,1.66,51.6
501
23,6l2,lt87
To^al assets
5*, 651.
1,939,681.
376, tg7
235,69k
8,626,773
62,13k
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds , debentures and notes payable:
Government agencies
,
15,972
338,166
10,508
96.962
11,813
156,971
Ik, 8211
n't, 819
98,903
3,680
268,1.66
3,011.
,
Other:
Guaranteed by the United States
Not guaranteed by the United States
Other liabilities (including reserves)..
Total liabilities
757,209
1.838. 11.3
6.833
25,1.88,962
1,877,610
2, '.52, 710
k, 251., 561
55,21.1
2.387
Ngr INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
21,77'.,3'.3
-52,819
1,932,650
8,1.02,172
235,369
235,69k
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
23,612,1.87
1,939,681.
United States investment
Accumulated net income, or deficit (-).,
31,311,1.20
1,932,850
16.993,978
-6,591,806
86,550
Total United States investment after
exclusion of interagency items
Footnotes at end of Table 7.
3k,k75
25,271
8,626,773
Total United States investment including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
262, 5k2
l,k51
-28,62k i/
-8,591,806 i/
-9,537,076
-88U,812
Total United States interest
86,550
-9,537,076
».7^7
59,7k7
59,7k7
1,932,850
6,kCE,172
86,550
235,369
-1.3,1.62
-877
-9
11.2.513
3.820
-k,586
18.921
-2,609
322
139
233,081
59,886
TL.
86,618
21,873,39".
(Continued on following page)
Treasury Bulletin
90
.CORPORATIONS AHD CERTAIH OTHEE BUSINESS-TIHE ACTIVITIES.
Section
I
-
Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities
-
Part B
(In thousands of dollars)
i/
-
(Continued)
December 1957
91
,
COEPORAIIONS AHD CERTAIN OTHER BUSIMESS-TYPE ADTiVlTiKS.
Section
I
-
Statements of Financial Condition, June 30, 1057
Table 4.- Certain Other Activities
-
Part B
(In thousands of dollars)
i/
-
(Continued)
Treasury Balletin
92
.
COEPORATIQHS AMD CERTAIN OTHES BUSmESS-TTPE ACTIVITIES,
Section I - Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities - Part B 1/ - (Continued)
(In thousands of dollars)
Footnotes at end of Table 7.
(Continued on following page)
December 1957
.
COEPORATIORS AMD CERTAIN OTHEE BUSINESS -TYPE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 4.- Certain Other Activities - Part B 1/ - (Continued)
(In thousands of dollars)
Treasury Bulletin
91
.coBFaiU)n(»s ahd cereah oxher BosuiEss-TroE AjriviT.uai .
Section
I
-
statements of Financial Condition, June 30, 1957
Table 5.- Certain Deposit Funds
(In thousands of dollars)
..
December 195T
95
,
COEPORATIORS AHD CEETAIH OTHER BUSINESS-TYEE
Section
I
-
flPTi V['l'
|
kS
Statements of Financial Condition, June 30, 1957
Table 6.- Certain Trust Revolving Funds
(In thousande of dollare)
CItH
Service
CoHtlselon
Total 1/
A^lojeee *
life
ioaurance
fund
ASSETS
Cash In banks, on hand, and In transit...
Fund balances vitb the U. S. Treasiiry . .
InTestnents:
Public debt securities (par value)
Securities of GoveriHent enterprises...
unamortized premium, or discount (-)...
Other securities (net)
Advancea to contractors and agents:
CoTemment agencies
Other
Accounts and notes receivable:
Government agenc lee
Other (net)
Inventories
Allovmaes for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government ageDcles
Other
Allovance for losses (-)
Acquired security or collateral (net)....
Land, etructures, and equlpaent
Accumulated depreciation (-)
Other assets (net)
Federal
Interaedlate
credit
tenka
107,856
latlonaj
Federal national
Mortgage Association
AretalTee
trust
fund
Secondary
market
operations
51,76it
5,051
.
Franklin D,
RooaeTelt
Library
fund
8,310
99,331
-76
23".
7,'t65
125
598
655
310
378
19,801
II.
2,500
2,277,223
-56,639
,286
2,500
996,500
192
l,2US,i2k
-51,102 2/
192
1,531
-1,358
71,788
Total assets
2,637,OliB
20,636
l,25'i,692
LIABILITHS
Accounts payable:
Government agenc lee
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenc lea
Other
Trust and depoelt liabilitlea:
Goverment agencies
Other
Bonds, debentures, and notes payable:
Government agenciea
Other:
Guaranteed by the Ikilted Statea
Kot guaranteed by the Tklited States . .
Other liabilities (Including reserves)....
,
,
Total liabilities
Bgr uvEangiiT
Trust interest:
I'rinolpal of fund
Capitalisation of aaaeta (net)
.,
Accumolated net income, or deficit (-)..
Total trust interest
22 li
11,550
819
26,083
12,li91
10,391
9,9U8
5,000
2,003,605
8,98l>
953, '•95
2,o6e
1,050,110
k,6l0
211,820
5,81.8
2,066,596
267,1711
765
10,39g
9,261
3,>29
1,183
278,331
9,261
6,939
26,002
Ttllted States Interest:
Interest-bearing Inveatment:
Capital stock
Borrowlnge from the U. 8. Treasury....
Other
Honlnterest-bearing Inveatment:
Capital stock
ApproprlatlGOa
Capitalitatlon of aaaeta (net)
Other
Accumulated net Income, or deficit (*)..
Deposits of general and apeclal fund
Total tbitsd States Intereat
Total liabilities and Inveatmsmt
Footnotes at end of Table 7.
3,23't
3,23''
225, T2k
11.2,820
63,163
3, "lis
292,121
2,637,»'>8
20,636
1,125,^70
(Contlnnad on follcwlng page)
l,25't,692
Treasury Bulletin
96
.COPPORATIONS AND CERTAIN OTHER BUSHtESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
(Continued)
Table 6. Certain Trust Revolving Funds
(
In thousande of dollars ]
December
19 J 7
97
.
CORPORATIONS AND CERTAIN OTHER BUSIKESS-TYEE ACTIVITIES-
Sectlon I - Statements of Financial Condition, June 30, 1057
Table ?•- Gross Loans Outstanding, Excluding Interagency Loans, Classified by Type of Loan
(In thousands of dollars)
Public enterprise
revolving funds
Type of loan and lending agency
Certain other activltii
To aid agriculture:
Loans to cooperative associations:
pkrmers' Home Administration
Rural Electrification Administration
Crop, livestock, and commodity loans:
Commodity Credit Corporation
Disaster loans, etc., revolving fund
Farmers Home Administration
Virgin Islands Corporation
Storage facility and equipment loans:
Commodity Credit Corporation
F^rm mortgage loans:
Farmers' Home Administration
Farm tenant mortgage Insurance fund
Guaranteed loans held by lending agencies:
Commodity Credit Corporation
Other loans:
Flarmers
Home Administration
'
'
9.098
2,585,816
1,610,703
112,586
9,817
9.098
2.585.816
1,610,703
112,586
9,817
23,148
293,923
10,753
360,1.55 1/
10,753
36o,it55 1/
397,727
Total to aid agriculture
2,117,6511
3,296,382
To aid home owners:
Mortgage loans:
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Housing and Home Finance Administrator:
Community disposal operations fund
Liquidating programs
Veterans Administration:
Direct loans to veterans and reserves
Other loans:
Housing and Home Finance Administrator:
Coimnunity disposal operations fund
Veterans' Administration:
Direct loans to veterans and reserves
Loan gxjaranty program
'
563
1,235
106,796
Total to aid home owners
1,235
3,025,5't5
106,796
To aid industry:
Loans to railroads:
Expansion of defense production:
Treasury Department
Other purposes:
Reconstruction Finance Corporation (in liquidation)
Treasury Department:
Miscellaneous loans and certain other assets.
Ship mortgage loans:
CoDEoerce Department:
hfajitime activities
Other loans:
Expansion of defense production!
Interior Department
Treasury Department
Defense production guarantees;
Air Force Department
Army Department
Navy Department
Other purposes:
Amy Department!
Guaranteed loans - World War II
Housing and Home Finance AdnlnistiTator:
Liquidating programs
Inlajid Waterways Corporation
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Reconstruction Finance Corporation (in liquidation)
Business Administration
Snaller War Plants Corporation (In liquidation)
Treasury Department:
Civil defense loans
Miscellaneous loans and certain other assets.
Virgin Islands Corporation
SioaLl
Total to aid Industry
Footnote at end of table.
1,^9
8,560
8,560
2,05E
2,052
218,565
16,910
178,585
16,910
178,585
807
3,109
807
3,109
2,201t
2,201t
",718
'•,718
11,900
'1,900
7,356
7,356
51,656
51,656
107,'t3'>
8I16
107,'>3'i
1,207
1,207
81>6
27,5116
192
639,616
(Continued on following page}
386,735
Treasury Bulletin
98
,
COEPORAIIONS AMD CERTAIH OTEER BUSDIESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition, June 30, 1957
Table 7.- Gross Loans Outstanding, Excluding Interagency Loans, Classified by Type of Loan
(In thousands of dollars)
Type of loan and lending agency
(Continued)
:
December 1957
99
.
COEPOEATIONS AND CKRTAIM OTHER BOSINESS-'ITPE ACTIVITIES.
*'"'• *"" "^^^"^ =t.t.«nt. ot financial condition haT« guarantee! and lnaur»l
lo^ «d,
by'^i«tI'?iLS^^?;5B???„?^„r'"'Th''"''°*'",%^"'/°"'"i"
co~lt«nt« «« of a contlngant natura «»1 havo baan oicluiad fro. thalr balaiica ahaats. Th.
-Jor ^sanclaa that
Il^^^Li^ri^ J^'
I
Lfi^^
nave tneeo contingencies and the aaounts are aa followe:
Amount
(In thousands
of dollars)
International Cooperation Adalnlstration:
Foreign Inreetnent guaranty tvaA
Veterans' Adalnlatration
Houalng and Hose Finance Agency:
Office of the Admlnletrator
Urban renewal f xmd
Federal Housing AdMlnlstratlon
Public Housing Administration
Agriculture Department:
Parnere* Hone Administration:
Farm tenant mortgage Insurance fund..
Commerce Department:
Federal ship mortgage insurance fxmd...
117,787
5,782,000
107,709
1,
158,266
36,285
Footnotes to Table
1/
2/
301*, 012
,891,1^53
Bnslneas-tTpe actlrltles reporting pio-enant to Departaant Circular
No, 966.
ActlTltles repoortlng pursuant to Supplement Ro. 1 to Department
Circular Ho. 966, These are mainly not buslnesB-type actlTitles.
Excluded fnm the June 30, 19^7, figures are those actlrltles
1
vhose reports for that date cover assets only (see Headnote), an
also the De3>artment of Defense, irtiich has not yet furnished the
data required by Supplement Ho. 1.
With the ezcepticns indicated In footnote 2.
Footnotes to Table 2
1/
2/
^
kj
^
6/
jj
6/
2/
10/
Includes $25,W33 thousand guaranteed loans held by lending agenclee.
Beiresentfl net accountability of the united States Goremment In
certain assets and llabllitiee transferred from the Reconstruction
Finance Cor poration effective July 1, 19^.
The Borplue is considered by the Corporaticn as available for
future insurance losses and related expenses vith respect to
insured institutions.
Consists of net inccne from pover operaticms of $'*13,'»30 thousand
and net expense of nonre venue -producing programs of $175,819
thousand.
Bepreaents net Investment of the tkiited States Government transferred from the Reconstruction Finance Corporation effective
July 1, 195*t.
Includes assets transferred to municipalities and Government
sgenoies without reimbureement.
Includes guaranteed loans and certificates of interest aggregating
$360,l»55 thousand which ere held by lending agencies.
Includes iau*eall£ed purchase diacoints amomtlng to $263 thousand.
Reiresents invested and donated capital.
Includes net accrued Interest of $l,02l* thousand on investment in
power facilities.
il/
12/
13/
l**/
1^/
16/
•
In accordance with Executive Order lo. 10720 dated July 11, 1957,
the management of the Corporation shall be vested in a Director
who shall be appointed by, and be subject to the direction and
supervision of, the Administrator of General Serrices effective
at the close of business Jwe 30, 1957.
This Corporation was abolished effective at the close of business
June 30, 1957, in accordance with Reorganization Plan Ro. 1 of
1957. Existing functions of the Corporation were transferred to
the Housing and Home Finance Administrator, the Administrator of
General Services, the Administrator of the Small Business Admlnlstrstion, and the Secretary of the Treasury.
Figures are shown on an estimated basis.
Includes $6,050 thousand advanced ftrom a revolving fund which has
been establiehed by appropriations.
In accordance with Reorganization Flan lo. 1 of 1957, the functions
in connection with the liquidation of these assets and liabilities
were transferred to the Administrator of General Serrices effective
at the close of business June 30, 1957*
In accordance with Beorganlzatlon Flan Bo. 1 of 1957, the functions
in conneotloQ with the liquidation of this Corporation were transferred to the Administratca* of General Services effective at the
close of business June 30, 1957<
Lsse than $500.
Footnotes to Table 3
mulated net income or deficit. Figurei repreeentiiw each of the
three amounts are not available.
Ii»ss than $500.
Figures in this coIumi are on a preliminary basis,
Represents net appropriations, capitalization of assets, and accu-
Footnotes to Table 4
1/
2/
y
Consists of activities which report on a quarterly basis pursuant
to Department Circular lo. ^66, These are business-type operstlons.
Statements for such actlvitlee have been published in the Bulletin
for each qi«rter begioDlng with March 31, 19^, the initial
reporting date mder Circular Ro. 966.
Represents assets and llabilitlea of the Utaited States Civil Serrlee
Co^asioB ezflloslve of tarost and rerolvlag ftnd*.
Represents osseta and Uabllitles of the Oeiwral Services AdmlnlstratloB exslttslve of trust and revolving finds and strategic and
critical materials.
Includes rssmels owned and imider construction.
^
6/
2/
6/
,
\J
2/
•
-
Part A
Represents finds returned to the Ikited States Treasury from sole
of capital asBsts.
Rspreeents interest on Invested capital.
Inclt^es stock of the International Bank for Reeonstmetlco and
Develoinent amountii^ to $635,000 thousand and subeorlptlon to
the International Monetary fmd amounting to $2,750,000 thousand.
Iwluies $1,000,000 thousand due under the agreement with Germany
FetariMry 27, 1953, •xiA lend-lease and surplus property balances
doe ths ttoited States in the prlnolpol amount of $2,0l»7,570 tboueand.
Inclines loan to the ttolted Kii^dom amoimtlng to $3,^70,322 thousand.
Less thaa $500.
Trcasiini Bulletin
.CORPORATIONS AHD CERSPiIN OTHER BUSINESS-TYEE ACTIVITIES,
Footnotes to Table 4 - Part B
1/
2/
X/
kj
5/
than revolving finds, and adalnl strati ve expenses of the Public
Housing Admlnlstratl<Mi.
CcHislste of: extension Service, Farmer Cooperative Service, Agriomltarml Conservation I^ograa Service, Agricultural Marketing
Service Foreign Agricultural Service, Comodlty Exchange Authority,
Coanodlty Stabilization Service, Office of the General Counsel,
Office of the Secretary, Office of Information, and Library.
Consists of: general adnlnlstratlve activities. Office of the Secretary; Bureau of the Census; Patent Office; and latlonal Bureau
of Standards.
Consists of: Food snd Hevg Adalnlatratlon; Freedmen*s Hospital;
Callaudet College; Howard Utlverslty; Office of Vocational Rehabilitation; Social Security Adalnlstratlco - Bureau of Public Assistance, Children's Bureau, and Office of the Cosalssioner; and
Office of the Secretary.
Consists of: Bureau of the Public Debt, Office of the Treasurer,
Bureau of Customs, and United States Secret Service.
Does not Include the cash balance in the account of the Treasurer
*
of the Uhlted States.
Less than $^00.
Conelats of actlTltlee wfaloh are required to report only on an
annual basis as of June 30, pursuant to Supplement Ro. 1 to Departaent Circular lo, 9^6. These are nlnlj' not business-type
operations. Excloded from the Juie 30, 19^7, figures are those
actlTltles vtaose reports for that date corer assets only (see
Beadnote), and also the DspartBent of Defense, vhloh has not yet
furnished the data required by Supplement Ho. 1.
Includes the Rational Gallery of Art.
Represents nonreTeniwpx-oduelne operations.
Consists of: ExecutlTe Office of the President - Bureau of the
Budget and Council of Econonlc Adrlsers; and the Independent offices of Advisory CoBmlttoe on Weather Control, ConmlBBlon on Got ernaent Security, Corregldor Bataan Meaorlal Co^alssloa, General
AccoiBtlne Office, President's Advisory Covdsslon on Presidential
Office Space, Benogotlatlon Board, Securities and Exchange CohhIssloo, and The Tax Court of the United States.
Consists of activities of the Office of the Adalnlstirator other
,
FootnoteB to Table 6
1/
CMislsts of trust revolving finds that are submitting statements on
a quarterly basis and certain trust revolving funds thst are submitting statements on a semiannual or annual basis at the present
time.
2/
Includes unrealised purchase dlscomts amounting to $^0,U6lt
thousand
^
Rs|iresenta transfers frcn States.
*
Lees than $^00.
December 1957
101
.CtMCJLATIVE TABEE OF COW'i'KWi'S.
January 1957 through December 1957
Treasury Bulletin
102
.CUMULATIVE TAHE£ OF COHTEWTS.
January 1957 through December 1957
-
(Continued)
Isaus and page niimber
Apr.
Qvnerehlp of Federal aecurltlaa;
Distribution by claeeee of Inveatora and types of laeuea
Ret narket purchases or aalea for Inveetnent accounts handled by
the Treaaury
Satlaated ownerahlp
Treaaury eurrey of
ownerahlp of
Federal securltlea:
Ovnershlp by banks, Insurance conpanies, and others
Ovnersfalp by co^wrclal banks classified by aemberehlp In Federal
Feaerre Systea ( latest date June 30 1957 )
,
Market quotations:
EDd-of-Bonth closlBg quotations on Treasury securltlea by Isauea...
Chart - Yields of Treasury aocurltlea
ATerage ylelda of long-term bonds:
Averago yields of Treaaury and corporate bonds by perloda
Chart - Areroge yields of Treaaury and corporate bonds
Internal revenue collectlone;
Sufflinary by principal sources
Chart - Internal retenue collections by principal aourees
Detail of collections by type of tax
Detail of excise tax collectlona
Monetary statletica:
Money In circulation
Monetary atocka of gold and sliver
Gold assets and llaMlltles of the Treasury
Components of silver monetary stock
Seigniorage on silver
Incresent from reduction in weight of gold dollar (lat«at date
September 30, 1957)
Exchange Stabilization Fund (latest date June 30, 19^7):
Balance sheet
Income and expenae
Rational bank reports:
Earnings, expenses, and dividends for calendar yeara 1953-^6
Capital movements between the United Statea and foreign
cOBPtrlee:
Summary by perloda alnce 1935
Summary by countrlea and periods
Short-term banking llabllltiea to forelgnera, lateat month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
lateat month
Short-term llabllltiea and claims reported by nonf Inanclal concerns
Long-t^rm llabllltiea and claims reported by hanks and bankers
Estimated gold and short-term dollar resources of foreign oountrlea
and international Instltutiona
Foreign credit and debit balances In brokerage accounta
Short-term liabilities, countries and areas not regularly reported.
Corporations and certain other bnslnesp-type activities:
Statementa of finsjoclal condition, and loans by type (lateat date
June 30, 1957)
Income and expense (latest date December 31, 1956)
Source and application of funda (lateat date December 31-, 1956)....
5'.
58
59
Na;
June
July
Aug
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, D.C
.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
TAT E S
S
SAVINGS
BONDS
J^
Co/^/ X-
Treas.
U.S. Treasury Dept,
HJ
10
.A2
1957
C.2
Treasury Bulletin
@FedFRASER