Full text of Treasury Bulletin : December 1958
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ROOM ArrO TREASURY 5023' 4 t959 DEPARTMENT^ II LFBRARY ROOM 5030 JUN 2 3 1972 TREASURY DEPARTMENT TREASURY DEPARTMENT FISCAL SERVICE. BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, D.C. OFFICIAL BUSINESS BUY AND HOLD UNITED S TAT E S SAVINGS BONDS MEASIUEY^ MmiLETm DEGEMBER-iasa UNITED STRTES TREPSURV DEPRRTMENT OFFICE DF THE SECRETflRV The Treasury Bulletin is for sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. Subscription per year $6.00 domestic, 07«5O foreign. Single copy price varies. , December 1958 Table of Contents Treasury financing operations A-1 Summary of Federal fiscal operations 1 Budget receipts and expenditures 2 Trust account and other transactions g Cash income and outgo 12 Account of the Treasurer of the United States.... IS Debt outstanding 20 , Statutory debt limitation 2h Debt operations 25 United States savings bonds , 37 Ownership of Federal securities 4-1 Treasury survey of ownership of Federal securities \\-t Market quotations on Treasury securities h"] Average yields of long-term bonds 50 Internal revenue collections 52 Monetary statistics 56 Capital movements 60 Corporations and certain other business-type activities - statements of financial condition.. 72 Cviraulative table of contents Note: lOS Where calculations have been made from unrounded figures, the details may not check to the totals shown. Treasury Bulletin Reporting Bases Data on reoelpte, axpeadltures, and debt which appear in the The dally statement on the new basis was first Issued for 195**. I" ^« deposits and withdrawals as ehown, no Treasury Bulletin" are baaed largely on two Treasury financial February 17, tlM "Dally Statement of the United States Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Qovemment. " Certain monetary statistics are based at leaat In part on the 'Circulation Statement of United States Money." Where these statements are given as sources for individual tables, they are cited by name only. Their respective distinction le made as to the type of accounts (budget, trust, etc. ). The deposits are on the basis of certificates of deposit reports, For other data In the Bulletin, Information on sources or reporting bases Is given In connection with the tables themselves. reporting bases are described below. cleared throu^ the account of the Treasurer of the United States. Total withdrawals are on the baele of checks p*ld or cash disbursements made out of the Treaaurer'e account. Some of the withdrawal claselflcatlone shown are reported on the baele of mailed reports of oheoke Issued and are adjusted by means of clearing accounts to the total of checks paid. Except for relatively minor amounts, noncash Interfund and other Intragovernmental transactions are excluded. The public debt figures The ncnthly statement of receipts and expenditures was first In the dally statement also are on a "clearance" basis, with the published for February 195^, and replaced the dally statement as the primary source of Information on budget results and other exception of those Issuance and retirement transactions reported Noncash on the basis of telegrams from Federal Ressrvo Banks. debt transactions are Included, however. and expenditure data olasolfled by typo of account. the dally statement was changed to a statement of cash deposits and withdrawals affecting the account of the Both publications have provided Treaeurer of the United States. comparative figures on their respective bases from the beginning receipt At the same tine, of the fiscal year 1953. Tbe announcement of February 17, 195**^. with respect to these reporting changes may be found in the April l^^k iseue of the. Bulletin. The dally statement before February I7, 195^. covered not only transactions cleared through the Treasurer's account but also certain Qovemment agency transactions which were handled through commercial bank accounts, and included noncash Interfund and other intragovernmental transactions. It provided InformatloD similar to that In the present dally statement with reepeot to tha status of the Treasurer's account, The monthly statement shows all receipts and expenditures of the Qovemment, Including those made from ceieh accounts held outelde the United States Treasury. The Information le complied from reports by the Treaeurer of the United States and by all other collecting and disbursing agencies. Including those agencies which maintain oheolElng accounts In commercial banks. These reports cover transactions recorded In the accounts of the agencies during the reporting period. The net of the transactions as compiled from these reports le reconciled In the monthly atateraent to ohemges In the balance In the Treaeurer 's account and In cash held outelde 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 Eire reported partially on a collections basis and partlallyona deposits basis. Expenditures, except Interest on the public debt, are reported on the basis of checks Issued or caeh payments made by disbursing offloers. Transactions of an Interfund or Intragovernmental nature are Included on the same basis even though the actual Issuance of checks may not be involved. Interest on the public debt Is In- cluded on an accrual basis beginning with figures for June I955 and the fiscal year 1955. Prior to that, It was included on a The same reporting baele as that In the due and payable basis. monthly statement provides the flecal year figures for the Treasury's "Combined Statement of Receipts, Expenditures and Balances of the United States Oovemment" and for actual receipts and expenditures In the "Budget of the United States CJovernment . and slmllfur to that In the dally statement with respect to debt Reoelpte and Issuance, retirement, and amount outstanding. present end-of-month expenditures, however, were claeelfled by type of account, and the budget results shown In the dally statement were used as the basis for reflecting the results under the President's budget program ae enacted by the Congress. Receipts were on the basis of deposits ae they cleared the Treasurer's account. Expenditures cleared through the Treasurer's account were reported on two succeeelve bases. Through 19^*6 they were on the basis of checks paid by the Treasurer of the United States. Beginning with ig**-?, expenditures made through the facilities of the Treasury Department's Division of Disbursement prin- were on the basis of checks Issued, while certain otnere, cipally those of the Department of Defense and Its predecessor organizations, were on the basis of checks paid. Transactions handled through commercial bank accounts, oonslstlng 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*^ 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 silver and the amounts of coin and currency In the money supply of the country. It le Issued later than the dally statement, however, and the figures are based on transactions ooneumoiated during the reporting period even though some may not have cleared the Treasurer's account during that period. December 1958 K-\ Treasury Financing Operations The new Treasury oertifloatee of indebtedness. Exchange Offering and New Bill Cycle In Its program to achieve a more orderly Series E-I959, bear interest from December scheduling of Its short-term debt maturities two rate of 3-3/S percent per annum, further steps were announced by the Treasury Depart- annual baeie on May I5 and at maturity on November ment on November 13. 15. The first was the offering to holders of 59.833 million of 3-3A percent certificates maturing December 1, of indebtedness 195S, and the holders of $2,362 million of 2-1/2 percent Treasury bonds maturing December 15, 195S, the opportunity to exchange any 1959- 1 at the payable on a semi- The new Treasury notes, Series B-I96I, bear interest from December 1 at the rate of 3-5/S percent per annum, payable on a semiannual basis on May 15 and November I5, 1959. and thereafter on May 15 and November 15 in each year until the principal amount becomes payable on May 15. 196I. singly Both the new certificates and notes were Issued The new securities are a 3-3/S percent 11-1/2 month certificate due November I5, In bearer form only, and In denominations of $1,000, 1959. Issued at a price of 99.95 percent of face value, to yield 3. '+3 percent and a 3-5/S percent 2-year 5-1/2 month note due May I5, 196I, Issued and $500,000,000. of these holdings for either refunding Issue, or In combination. at a price of 99-7/S percent of face value, to $5,000, $10,000, $100,000, $1,000,000, $100,000,000, "With the completion of this financing," the announcement stated, "over SO percent of 195S. outstanding Treasury marketable securities The subscription books were open from November 19 through November 21. maturing within the nert ten years excluding regular Treasury bills and tax anticipation securities) will fall due In February, May, yield 3.6g percent. Both are dated December 1, Subscriptions accepted for the new issues ( August, or November. For some time, the Treasury totaled $11,737 million, leaving $411^ million to Results of the exchange offering be paid in cash. has been working toward scheduling its maturitieB are shown in the accompanying table. times each year its financing will interfere with on these quarterly dates to reduce the number of Treasury Bulletin Treasury Financing Operations even distribution of the amounts of certificates maturing on each of the four quarterly dates, practicable, the 'roll-over' of the Treasury debt maturing within one year. The amount out- standing at a given time will tend to vary considerably, depending on the liquidity needs of the economy and on the ability of the Treasury to extend the debt. The composition of the short- term debt, however. Influences to a degree the (Continued) 13-week Treasury bills to the 13-week and 26-week The announcement stated, cycle. "On Thursday. December "Another Important debt management objective, from the standpoint of marketing techniques, Is to place on a routine basis, so far as - k-, 195S, the Treas- ury will Invite tenders for $1.6 billion, or thereabouts, of 91-day Treasury bills, and iO.k billion, or thereabouts, of lS2-day Treas- ury bills, to be Issued on a discount basis under competitive and noncompetitive bidding. Tenders for both series will be received on Monday, December g, 195S. The bills of both series will be dated December 11, 195S. and will mature March 12, 1959. and June 11, 1959, amount of market disturbance occasioned by refinancing, and also affects Treasury borrowing respectively. costs. "The Treasury expects to Issue both 15week and 26-week Treasury bills each week, "As the second step In Its program to achieve a better composition of the short-term debt," the Treasury also announced that It although both the aggregate amount of bills and the relative proportion of 13-week and 26-weelt bills may be varied from week to week. It is plane "a rearrangement of the structure of Its weekly bill maturities. Accordingly, on December 11, 195S, the Treasury will Inaugurate a presently contemplated that by the end of the first 13 weeks under the new program the aggregate amount of Treasury bills outstanding will program to move gradually over the next 6 months After this be increased by $2.6 billion. additional cash is raised, the aggregate amount from the present cycle of 13-week bills {^23 billion total ) to a new cycle which will Include both 13-week and 26-week bills ($26.0 billion Full details of the program will be total). announced during the week preceding the offering. "The shift of part of the volume of Treasury bills outstanding to a 26-week cycle will enable certain corporations and other investors to meet their requirements for a regular bill which la longer than the present 13-week maturity. In the course of the transition to the new cycle of Treasury bills, a total of 32.6 billion of new money will be raised during the next three months, thus meeting more than half of the Treasury's anticipated cash borrowing needs of JU - 4-1/2 billion through March 1959. Increases In the amount of outstanding bills under this program, together with continuing efforts to extend the debt should permit a reduction in , Treasury certificates of indebtedness outstanding over the period ahead, so that the overall volume of short-term debt would not is expected to be $1.6 billion." Tax Anticipation Bills Offered Earlier, on November 7. 1* "as announced that the Treasury Department on November 10 would invite tenders for $3 billion, or thereabouts, of 2l4^-day Treasury tax anticipation bills to raise cash for current requirements. The tenders were opened on November 14-; the bills were dated November 20, I95S, and will mature June 22, 1959. They will be accepted at face value in payment of income and profits taxes due June 15, 1959; to the extent they are not pre- sented for this purpose the face amount will be pay- able without Interest at maturity. Payment of accepted tenders at the prices offered were required to be completed in cash or other immediately available funds on November 20, provided however, that any qualified depositary was permitted to make payment by credit in its Treasury tax and loan aooount for Treasury bills allotted to it for itself and its customers up to any amount for which it was qualified in excess of existing deposits. De increased." New Cycle of 13-Week and 26-Week Bills On December of the two weekly Issues of bills to be offered 1, further details were announced of the program to move gradually from the cycle of Tenders were accepted In the amount at |2,997 million at the average rate of discount of 2.999 percent. Noncompetitive tenders for Jl+OO, 000 or . December i95S *-3 Treasury Financing Operations - (Continued) I million were accepted September 11 having an increase of $100 million over In full at the average price of accepted competitive the maturity, making a total of $1 billion provided bids and are Included In the total of accepted tenders of bills was on a uniform weekly basis of $1.S November Bills Inoreaeed November 1688 In the aggregate of $7"*^? in cash. At the close of November the 13-week cycle billion outstanding. New iseuee of weekly Treasury bills totaled $7.2 billion in November, refunding $7,0 billion bills maturing and providing $200 million in cash. The new issues were for $1.3 billion each; the first two maturities were for $1.7 billion each and the last two for $1.S billion each. The issue of Nov- ember 13 was the tenth in the period beginning Details of Treasury market financing operations are shown elsewhere In this Issue of the "Treasury Bulletin," In the tables on "Offerings," "Allotments," 6 and 20 The 91-<lay Issues dated refunded gi-day maturities; the 92-day issue for November 13 refunded a 91-day maturity; and the new 90-day issue dated November 28 refunded a 92-day maturity. The average rates of discount on the new issues were 2.i>h<) percent for 6; 2. 77'*' percent for November 13; 2.876 percent for November 20; and 2.723 percent for November 28. November and "Disposition," respectively, of marketable Issues of bonds, notes, and certificates of Indebtedness, and In the table "Offerings of Treasury Bills." .. . . . December 1958 SUMMARY OF FEDERAL FISCAL OPERATIONS (In milllone of dollare) Budget receipts and expenditures Net receipts i/ Expenditures 2/ Surplus, or deficit (-) Net of trust account and other traneactlon.0 Net Increase Clearing In account, public etc. debt, or decrease y 2/ levels, end of period Net Increase In Treasurer's account balance , or decrease (-) Debt outstanding Treasurer* account balance Public debt Guaranteed securities Total Federal securities 90 258,376 252,366 252,798 257,377 255,251 257,491 251,542 252,028 256,652 254,567 258,507 265,522 270,790 273,915 272,361 {-) Subject to limitation 5/ Fiscal yeara: 751. -1,103 8,^19 -2914 -1,8U -I195 -3,122 "•7,568 39,032 33,069 39,507 39,617 I'll, 058 99 679 61,391 19't7 39,786 I9W Ul,lt88 19^9 1950 1951 37,696 36,1' 95 3,510 555 -507 366 U83 -21U -U,136 U78 U,587 -2,135 -1,1'62 2,0l»7 1,839 5,517 7,357 258,286 252,292 252,770 257,357 255,222 -UOl -250 3.883 6,966 5,189 3,115 -1,623 -388 -2,299 2,096 -551 331 6,969 4,670 6,766 6,216 6,5U6 259,105 266,071 271,260 274,374 272,751 46 74 259,151 266,123 271,341 274,418 272,825 -956 5,590 l',159 9,71.9 270,527 276,343 107 101 270,634 276,444 270,188 276,013 256,981 252,854 257,160 256,731 259,461 256,127 252,057 256,413 256,026 258,794 266,821 274,671 278,256 280,348 276,276 1952. 1953. 195^. i955. 1956. 65,1' 08 -li,017 ll*7 61., 825 7U,27'^ -9, '•'•9 '•35 6U,655 60,390 68,165 67,772 -3,117 61»,570 66,5'»0 -11,180 328 231 1,626 -191* 28U 522 1957. 1958. 71,029 69,117 69, '•33 195 -523 71,936 1,596 -2,819 633 530 -2,2aU 5,816 1959 (B8t.).. 67,000 79,223 -12,223 -517 33'' 6,657 -5,7''9 '•0,389 37,955 35,623 2,l»3lt 199 -2,249 -It, 100 1,111 37,51l^ '•1,106 -3,592 231. '',331 ''71 37,306 52,979 37,728 56,337 87 -1'23 -l'it7 -3,358 -350 -229 -502 311 815 -21.0 Uo,86U -106 2,711 62 61i,W^0 70,68-^ -5,81'2 -1.1 63,8Ul 61,171 63,358 T';,997 101 739 -259 1,770 -1,U88 61',85i' -9,157 -3,683 -2,771 3,779 -319 -209 Calendar years: 19^7 19^8 19^9 1950 1951 1952. 1953. 195lt. 1955. 1956. 70,99"' 1957. 1957-Jan... Feb March, . . 66,129 67,216 5,2l'l -1'22 6,064 4,577 5,180 4,545 4,427 267,391 275,168 278,750 280,769 276,628 54 76 103 267,445 275,244 278,784 280,822 276,731 275,006 274,564 30 24 42 4,606 274,898 1107 -399 UO -1,271 -1,162 58U 3,265 3,849 7,673 276,229 276,269 107 109 109 276,335 276,378 275,108 275,882 275,926 274,657 5,532 5,840 5,590 274,008 275,234 270,527 103 103 107 274,111 275,337 270,634 273,662 274,889 270,188 -1,286 1*6 5,153 -222 '',256 5,987 5,9W' 6,279 -1,731 -662 5,1'09 -325 -15 -3,290 -802 1,559 -19 96 162 116 229 -131 163 27'^,999 53 -991 1,226 -2, 142 -'•,707 -250 253 1,9'^2 -1,115 -21.7 11.9 1,376 567 2, ''36 4,475 4,898 7,335 272,469 273,845 274,412 107 109 115 272,575 273,954 274,527 272,131 273,511 274,085 35'' -3l'5 ''15 679 151 -3,028 558 -259 4,307 4,865 4,606 274,067 274,747 274,898 103 104 104 274,170 274,850 275,002 273,730 274 ,4U 274,564 -1,101 888 1,682 3,505 4,394 6,076 274,555 274,679 272,624 101 274,656 274,782 272,728 274,219 274,346 272,294 2, ''33 1(12 595 691 -357 3,619 6,487 6,130 9,749 275,057 275,653 276,343 275,151 275,749 276,444 274,718 275,317 276,013 -4,630 1,2U9 -1,269 275,466 278,476 276,666 275,568 278,584 276,784 -565 5,119 6,368 5,099 4,534 275,139 278,156 276,356 279,897 3,057 5,128 7,225 6,3't7 Oct... Nov... Dec... 3,131 6,501 5,806 5,809 -3,370 -979 333 1.1.2 1''7 1.8 -601. 1958 -Jan... Fob. . March. "•,786 6,011 5,528 -1,225 771 3,753 -65 533 -3'»3 338 -3UI. 121' -273 257 -2,055 April. May June .. 3, '•96 -13 617 -169 10,785 137 -553 Juljr.. 2, 9116 August Sept ".,838 Oct. 2,769 21.7 3,82l» 34 333 70 -938 July.. Aug... Sept.. 7,208 81 55 179 5,7''3 6,122 5,8U6 6,621 -2,626 -920 6,613 6,198 6,633 -3,667 -1,361 575 -376 290 81. -1.83 -200 166 -877 3,009 -1,810 7,1'^'^ -'•,376 -8U 350 3,5l'6 "•.Ifilt 256,900 252,800 257,130 256,708 259,419 -1,730 6,095 "•,925 3,097 4,208 4,679 4,232 4,295 104 603 -635 -117 2,019 5,282 11,688 . 283,000 22l^ 6,188 10,737 5,7'^9 81 44 -l',ll'l i.,809 6,299 9,501 52 -3'. 1,092 5,956 73 27 20 29 ?76 -21 592 '•,827 3, '•70 267 71,692 5,930 5,667 -1(05 3,308 '•,932 7,973 7,777 3,582 72,281' 5,58U -303 April. May... June. . -682 Source: Actual figures through the fiscal year 1952 and the calendar year 1953 are from the dally Treasury statement, and thereafter In each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the Midyear Review of the 1959 Budget, released September 11, 1958, Including effects of proposed legislation. More detailed information vlth respect to the figures on this page will be found In succeeding tables. 1/ Grose receipts less transfers of tax receipts to certain trust funds (see page 2), and refunds of receipts. 2/ Transactions of the Foreign Economic Cooperation Trust FiAld, eatabllshed under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150), are consolidated with budget expenditures. 3/ Consists of transactions of trust and deposit funds, investmant by Government agencies in public debt securities, and redemption or sale of obligations of Government agencies in the market; excess of re- I -10,930 1,62U -5,99'. 308 1*23 hj ^ 280,2U 103 104 94 97 101 102 108 118 280,323 ceipts, or expenditures (-). For detail of content, see page 6. For checks outstanding and telegraphic reports frcm Federal Reserve Banks; public debt interest accrued and unpaid begljinlng with June and the fiscal year 1955 (previously Included from November 1949 as Interest checks and coupons outstanding); also deposits in transit and changes In cash held outside the Treasury and in certain other accounts beglnnijig with the fiscal year 1954. Net Increase, or decrease (-) For current month detail, see section on "Statutory Debt Limitation" In each issue of the Bulletin. The limitations in effect during the period covered by this table and the date when each became effective are as follows: $275 billion, on June 26, 1946; $28l billion, on Ai«uat 28, 1954; $278 billion, on July 1, 1956; $275 billion, on July 1, 1957; $280 billion, on February 26, 1958; and $288 billion, on September 2, 1958 (temporary increase until June 30, 1959; thereafter it will revert to $283 billion) Not available. Treasury Bulletin -BUIGET RECEIPTS AND EXPENDITURES. Table 1.- Recelpte by Principal Sources (In mllHons of dollara) Internal revenue l/ SnploTiBent taxes Inccme and profits taxes Fiscal year or month IndlTlduAl Corporation Not vlthheld 2/ Total Incoae and profits Withheld 2/i/ 2lt,2l8 1951 1952 1953 195^ 1955 21,523 18,265 1956 1957 1958 21,299 21,531 20,533 1959 (Est.)... 17,200 37,753 10,7''7 53,906 3,120 3,569 U,086 1,537 10,396 21,25li ''9,915 5,31*0 11,322 2/ 12,3oe 11,528 21»,012 2/ 56,633 60,560 59,102 6,337 2/ 6,63U 57,200 8,287 981 3,953 2,000 3,519 313 955 632 U,060 U,702 9,570 658 1.76 2,792 792 6I1O 3,6llt Juie. ,,.., M>9 5,906 JvOj Ai^ust... September U79 316 2,267 1,815 .. 37I1 162 1959 to date... 3, '•36 2,359 April...., Octobar. 51,3't7 5l>,363 26,728 27,0Ul U86 Ua6 6,538 May ijy 13,535 18,521 21,351 21,635 32,826 33,012 1958 -Jan uary . February March ?or old-age and disability insurance 5,1''7 9,196 7,733 yor railroad retirement 2/ 578 735 620 603 600 23"* 259 277 285 280 63U 616 575 600 17 70 5,1*25 91*5 10,011* 6,220 936 9,211 7 5 15 7 9 8/ 51,106 65,635 70,171 70,300 8/ 66,289 1,1*11 10,811* 333 9,220 1,515 10,689 78,629 269 385 1.302 680 112 105 11*3 860 7,fel 10,679 2 2 1 722 1,293 191 115 97 785 922 895 5,761 7,033 11,380 355 1,105 113 3,328 6,023 7,729 17 72 1 1 2,093 50l» ItU 1 1,225 1,762 365 7,989 xi.m 2,239 3,1*76 9,1*23 9,726 10,825 Total internal reTenuo 1/ 8,61*1* 771* 123 classified 2/ 10,001* 338 1,032 1,195 ottaervlse 1,171 1,378 1,931 3,915 6,176 1,9'»1 258 3,931 I*, 562 U,983 Taxes not Excise taxes 2/ 7,296 7,581 i'3 1,72'« Estate and gift taxes 2/ Total emploj nent jj 325 330 336 5 1,221 703 For unemployment Inauranoe IS'* 818 10,638 10/ 75,109 80,172 79,978 i*,910 51.9 92 926 908 912 386 103 951* 3,205 2,396 1*03 3,700 20,281* 95 Deductions frcm budget receipts Transfers of tax recelpte to MlBoellaneouB receipts 1/ Total budget receipts 551 613 562 606 1,639 l,8lU 1,865 2,311 8/ 2,559 53,369 67,999 3,120 3,569 72,61*9 i*,oa6 73,173 l*,537 69,1*51* 5,01*0 1956. 1957. 705 3,006 751* 2,71*9 78,820 83,675 1958 800 3,196 83,971* 6,337 6,301 6,870 333 863 616 575 1959 (Est. 820 3,268 82,717 7,1*10 877 600 69 58 69 261* 5,21.3 277 36 277 7,756 11,182 81*8 107 19 78 559 73 1.3 April. May... 68 6,039 621* 79 63 210 237 7,331* Jtxie.. 66 1*02 11,81*9 1,086 687 135 87 July August. . . September 72 221* 17 6,280 8,119 301 917 U50 37 67 75 115 72 October. 82 160 3,1*1*6 325 1959 to date. 295 890 21,U69 Fiscal year or monlii 621* 1951. 1952. 19531951*. 1955. 1958-January February. March.. . . 231* 3,621* Federal DisaRailroad bility Insurance Retirement Trust Fund Account 12/ TOASI Trust Fund 1,993 Refunds of receipts 15/ Hlghvaj Trust Fund ill/ 575 738 620 603 599 2/ 17 70 51* 21*6 151. 2,082 2,275 3,095 15 18 17 9 9 6 3,31*5 3,1*00 20 22 11 U 3,653 23 1,1*79 3.891* 2,116 l*,l*13 20 18 631* 1*3 Total refunds Internal Bevonue l»,707 151 Ret budget receipts December 1958 .BUDGET RECEIPl'S AND EXPENDITURES. Footnotes to Table i 1/ 8/ 2/ Through 1953 » contributions to the BaiLroad Unemployment Inaurance Administration Fund were carried In the daily Treasury etatement ae mlacellaneoua receipts, while the 1959 Budget document, Special Analysis K, Includes them In employment taies through 1952. Beginning 195^ the contributions are credited direct to the trust account. For amounts of the contributions Included In budget receipts, see "Treasury Bulletin" for February 19^1*, page 7. In the 1959 Budget document, Special Analysis K, Internal revenue taxes not otherwise classified are Included In miscellaneous receipts. Beginning 1955, the figures shown reflect adjustments to correct prior estimates (see footnote 11), in millions of dollars as follows: Fiscal year 1 - (Continued) Treasury Bulletin . BUKJET RECEIPTS AND EXPENDITUEES Table 2.- Expenditures by Agencies (In millions of dollara) Fiscal year or month Legislative hrancli 7l»,27lt 1953 195^ 67,772 1955 1956 1957 1958 61i,570 66,5liO 69,i»33 1959 (Est.)... 79,223 2/ yy 71,936 1958 -January.. February. March Judiciary 61 59 65 85 97 99 Executive Office of the President 27 39 UU 5,7'»9 April May June 6,122 5,81*6 6,621 6/ October. 7,1^ 10 11 9 26,589 6/ 11,0311 8,9lt7 1 UltS 1 1 272 700 670 '','•73 It, y 115 U,08l 673 1 3I1O 1 336 315 662 692 716 271 309 7U9 766 628 337 766 25 1,370 2,910 Justice Department Labor Department '153 It 16 ii3 Military functions 1951.. 1955. 1956. 1957. 639 733 2,61t5 820 3,079 3,1'.3 55 3,168 3,068 U2 3,205 53 3, 2 111 51 95 1958. 1959 (Eat.). 1.0,800 1958-January February. March . April May Jul)& 3,905 July August. September. 3,175 October. 3,817 . 1959 to date. . . . Interior Department 587 535 515 512 2/ 572 666 35,532 35,791 38,U39 39,062 3,21't 3,1.76 13,682 813 605 5^8 573 1*5 32 63 62 ,2U6 1,063 1,000 1,077 1,293 -23 3,217 2,915 U,636 5,177 5.006 199 '',875 6115 "•35 1,500 6,872 853 36 31 32 71 263 It It -it9 257 -15 3511 51 59 157 U9 -156 ltU9 5't 3'. 2U5 U87 55 51 't3 37 6U6 72 31 32 3't 37 530 803 4.3 50 711 85 2,690 275 385 132 156 i/^ 562 76 Treasury Department Health Education, and Welfare Department 1,920 1,981 1,993 2,071 2,295 '.3,611 '.0,336 1953. Civil functions Commerce Department Agriculture Department -615 129 2/ 39 39 37 Defense Departjuent Fiscal year or month Housing and Home Finance Agency ,107 6,1.73 1/ It62 6 10 12 1959 to date.. 806 973 523 570 U25 8/ 1 6,613 6,198 6,633 . 6,791 6,982 2/ 7,707 8,305 1/ 9 July August. September . 6,905 60 U8 132 General Services Administration 5,782 5,282 , 6,011 5,526 . . . Independent offices '',381 9 9 9 10 10 11 28 30 37 Funds appropriated to the President Post Office Department 10/ District State Department of On public debt n/ Coliaibla On 12/ refunds of taxes 659 271 6,501* 7't 798 39't 312 356 156 136 83 62 873 368 1/ 216 6,382 6,370 6,787 51. 2 lit It 171 183 182 300 355 12 13 22 22 26 1.12 1.63 11.2 18 567 518 67U 179 206 7,21*1. 229 7,607 57 7h 879 7U8 8/ 765 71.2 2511 1,038 735 2UU 7,500 70 802 2lili 1.6 196 212 61 18 18 18 86 32 22 70 83 70 21 15 693 606 616 255 221 53 U8 55 117 67 28 61 20 2U 22 19 613 595 615 22 20 IC 52 61*2 76 8 112 21 21 571* 20 156 69 107 578 65 80 15 1 11.3 53 600 55 lt2 185 5U 2U6 2U2 21U 72 71 86 266 76 967 306 89 Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); eetijnates are from the Midyear Bevlew of the 1959 Budget, released September 11, 1958, Including effects of proposed legislation. Note: Figures in this table are for agencies as conetltuted at the time the expenditures were made, and therefore do not necessarily represent functions which are comparable over a period of time. For expenditures by functions on a consistent basis, see Table 1*. l/ Peconstruction Finance Corporation is Included under "Independent offices" through 195'., and under "Treasury Department" beginning 1955, except functions transferred to Export-Import Bank, Federal National Mortgage Association, General Services Administration, and anall Business Administration. The corporation was aboliahed at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remaining functions were transferred to the Housing and Home Finance Adminlatrator, Administrator of General Services, Administrator of anall Business Administration, and Secretary of the Treasury. 2/ Federal Home Loan Bank Board is included under "Housing and Home Finance Agency" through 1955, and under "Independent offices" thereafter. i/ Beginning 1957, Federal aid for highways la excluded from budget expenditures and included In trust account expenditures (see Table 1). kj Effective January 1, 1957, the production credit corporations were merged in the Federal Intermediate credit banks, pursuant to the Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. IO27J, 7lt 91 109 It6-, Source: ^ 6/ j/ 8/ 2/ 10/ 11/ 12/ * 385 15 -8 111. 2,391. I 25 35 55 59 61 77 62 98 23 275 21. and operations of the merged agencies (as mixed-ownership corporations) were classified as trust enterprise funds (see "Trust Account and Other Transactions," Table 3); previously the operations of the banks and the corporations, respectively, were classified as public enterprise funds and were included net in budget expenditures. Alaska road construction is included under Interior Department through 1956 and under Commerce Department beginning 1957Includes unclassified expenditure transfers until these have been distributed In final fiscal year figures. Figures for the fiscal year reflect the reclassification of the Informational Media Guarantee Fund from "Funds appropriated to the President" to "Independent offices"; the monthly figures prior to April 1958 have not been revised accordingly Effective July 1, 1957, remaining functions of the Federal Facilities Corporation were transferred to General Services Administration from the Treasury Department, by Executive Order 10720 of July 11, 1957. Total includes $225 million allowance for contingencies. Beginning 1955, consists of net expenditures of the Postal Fund, reflecting the change in classification of Post Office transactions to a public enterprise revolving fund basis. Reported on an accrual basis effective June 30, 1955Consists of Federal payment and loans and advances. Less than $500,000. e a , December 1958 .BUDGET RECEIPTS AND EXPENDITURES- Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies, as of October 31, 1058 (In mllllona of dollara; oegatlTe flgurea are ttoduotlona In the oolmna In vblcb thej appear) Additions, fleoal year 1959 to date Uiexpeoded balance brought forward JuUr 1, 1956 Agency Increase Appropriations 1/2/ LoglelatiTe Branch The Judiciary KlocutlTe Office of the Freaident 7\aid8 approprlatad to the Praaldent Independent Offices General Servlcea Administration Housing and Heme Finance Agency Agriculture Department CuLuuerce Depertment Defense Department: Military functions Civil functions undistributed foreign transactions Health, Bluoatlon, and Welfare DBpartmant Interior Department Justice Department Labor Department Poet Office Departsnent State Department Treasury Department District of Colvmbla - Federal contribution and loana. Uiclfisslfled expenditure transfers Adjustment to monthly statement of receipts and expenditures of t^e government 703 125 45 55 3,304 8,596 475 187 3,91i 973 32,085 286 40,901 857 91.5 2,545 3W. 25 713 173 3 , 55 5,895 , , , , Total U,992 366 10,167 4,868 Author Itatlons to expend from debt rooelpts U/ 150 51 11 669 4 36 40,901 857 -1 24 628 U60 98 2,916 2,544 735 230 507 235 210 8,305 '»5 28 28 72,049 72,200 Sxpendlturee (net) 830 Rescissions, cancellations and other adjustments 1/ 28 Ubujsed Uidlsbursed appropriations 154 32 85 1,359 2,910 132 156 2,690 275 7,400 8,314 706 297 1,612 1,227 39 16 73,1^7 97 Uiexpended balances October 31, 1958 25 53 3 74 authorisations to expend f^m debt receipts mfunded contract authorisations Investments held 8/ 215 1,146 39 210 85 7,840 17,775 706 10,186 6,757 1,436 32 8,123 5,106 334 621 59,497 897 59,497 897 U4 193 2,690 5,739 50 2,789 90,351 25.584 -203 -203 2 2,520 695 165 668 311 24 Total 2/ 61 439 9,127 13,489 246 203 967 306 89 467 385 2,522 80 775 165 668 3U 193 8,528 50 82/ 26,589 Source: Bureau of Accounts. Details for the current fiscal year to date are shown in the monthly Bureau of Accounts report "Appropriations and Other Authorizations, Expenditures and Ubexpended Balances". 1/ Includes same categories as shown for unexpended balances at the end of the current period. 2/ Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for payrolls, and for similar items. Includes reappropriations. 4/ Consists of authorizations by law for Govenment-owned enterprises to borrow (1) from the Treasury (to expend from public debt receipts), or (2) from the public (to expend from debt receipts). Consists of new contract authorizations, established by law for the cukrent fiscal year, net of current appropriations to liquidate either current or prior con1a*act authorizations. 159 6/ 2/ ^ ^ 108 45 55 3,304 8,746 475 249 4,584 1,009 230 507 235 210 8,305 Agency Total u -17 Deductions, fiscal year 1959 to date Legislative Branch The Judiciary Executive Office of the President Funds appropriated to the President Independent Offices General Services Administration Housing and Heme Finance Agency Agriculture Department Cdmoerce Department Defense Department; Military fmctionB Civil functions undistributed foreign transactions Health, Blucatlon, and Welfare Department Interior De pertment Justice Department Labor Department Post Office Department State Department Treasury Department District of Colvmbla - pvsderal contribution and loans. Unclassified expenditure transfers Adjustment to monthly statement of receipts and expenditures of the goverimient Transfers, borrowinga, inreatoents 6/ Other authorl tations 8/ 2/ • 1,537 955 118,426 Consists of transfers between approiO'iations; net borrowings from, or repayments to (-), the Treasury and the public under authority to expend ffom debt receipts; and net investment in, or sale of (-), public debt securities end certain guaranteed securities Issued by Government enterprises. Consists of transfers to, or restorations from (-), the surplus fund; rescissions, cancellations, or adjustments of borrowing authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments. Public debt securities and certain guaranteed securities issued by Government enterprises. This adjustment represents the difference between the monthly statement figures (based on preliminary reports) and the final accounts submitted by disbursing officers. Loss than $500,000. Treasury Bulletin .BUDGET KECEIPTS AND EXPENDITURES. Table 4.- Expenditures and Balances by Functions (riecal years; Id nlLHona of dollari) 1959 thro;^ Octolier Function code ttkaxpendad 1956 1955 195^ 1957 1958 p Sxpenditures Disalier balAncea and of period 1/ Major national aecurlty: Direction and coordination of defense Air Force defense Aray de fense Naval defense Other central defense actlTitles DBTelopaent and control of atcoic energy Stoolcpllii^ and defense production expansion Mutual defense assistance: Military aseistanoe De fense support 051 052 053 05U 055 056 057 058 Total major national security International affairs and finance: Conduct of forel^ affaire Economic and technical developiuent 2/ Foreign information and exchange activities 151 152 153 Total International affairs and finance Veterans' services and benefits: Veterans' education and training jl/ Other veterans' readjustment benefits k/ Veterans' ccnpensatlon and pensions Veterans' insurance and servicemen's Indemnities Veterans' hospitals and medical care Other veterans' services and adminiatraticn 101 loe 103 lOU 105 106 Total veterans' services and benefits 13 14 14 16 16,U07 8,899 9,733 16,749 8,702 9,744 582 1,651 588 16,363 9,063 10,396 602 1,990 490 18,430 9,041 10,677 651 2,275 625 41 6,457 3,097 3,845 252 847 171 2,161 671 735 292 211 212 213 211* 215 216 217 Total labor and welfare Agriculture and agricultural resources: Stabilization of farm prices and farm Income Financing fann ownership and operation 2/ 6/ Financing rural electrification and telephones Conservation and development 2/ Research, and otiler agricultural servloea 2/ Total agriculture and agricultural resources ^ developnent of land and water developaent of forest reaouroea development of mineral resources.... develO[liient of fish and wildlife.... of natural resources surveys and administration 351 352 itSl 1,857 l,0li5 9I1I1 3,629 967 2,292 2,611 1,''63 1,184 2,352 1,143 "•7,872 U2,069 41,825 44,414 44,968 15,737 130 5U3 121 U98 100 120 431 111 157 91 542 133 174 912 147 106 390 46 765 719 662 632 1,234 541 5U6 158 66I1 1,078 123 774 126 57 T27 176 2,796 105 768 176 2,870 47 601 175 790 75 3,104 43 655 157 ,'•57 4,756 4,793 5, 026 400 1,558 469 456 1,797 546 300 87 2,1182 150 2,661 100 782 186 U,256 Labor and welfare: Labor and manpover Public assistance Promotion of public health Promotion of education Promotion of science, research, libraries, and museums Correctional and penal inatitutions Other welfare services and adJ&lniatration natural resources: Conservation and Conservation and Conservation and Conaervation and Recreational use General resource 12 15,668 12,910 11,293 uje 1,895 It 767 277 328 l,'t39 .,'•28 290 273 275 32't 475 1,457 351 279 33 53 56 26 1U7 28 115 31 126 71 32 147 2,1*85 2,552 2,776 1,669 256 217 290 3,946 231 217 305 215 3,5U 3,334 227 1/ 267 351 227 269 297 447 274 2,030 66 4,582 1/ 4,620 2,557 '•,'^U 4,913 1,056 117 37 38 935 925 1,138 162 62 51 59 174 59 38 60 69 44 1,296 1,543 li05 33 •3 35 1*09 35 3'^ 803 136 36 45 44 35 1,315 1,202 1,104 370 586 3'^9 420 783 Total natural resources 97 46 1,505 150 itOii 229 3,381 2U 1(03 414 633 2,966 355 U02 14 318 Ht. 1,699 14 72 35^* koi 53 156 34 3,508 236 20k 286 177 353 165 U8 37 105 269 97 2,567 405 84 29 24 40 22 "S04~ Camnerce and housing: Promotion of water tranapartatlcn Provision of highways Pronotion of aviaticn Postal service Community develoxoent and facilities 2/ ifi/ Public housing programs 11/ Other aids to housing 9/~12/ Other aids to business 13/1''/ Begulatlon of ccmnnerce and finance Civil defense Disaster insurance, loans, and relief 15/ 511 512 513 275 51l> 312 515 516 517 518 519 520 521 37 647 253 356 56 •JtOl -115 -142 270 31 19 -330 JjOU -83 '»5 36 41 60 112 56 251 463 4 365 40 8/ 295 518 49 60 -60 59 45 63 21 1 12 8llt 1,502 2,028 601 602 U9 29 60 31 38 90 40 603 60k 12 12 12 itU9 '•31 475 155 164 115 164 334 Total cGonerce and housing 43_ 1,453 8/ 392 31 404 675 78 52 195 140 49 64 5_ 2,085 128 16 184 385 31 40 105 44 22 22 -1 976 General government: Legislative f\aictlons Judicial functions £zecutlve direction and management Federal financial management General property and records management Central personnel management and elq)loyment costs.... Civilian weather services Protective services and alien control Territories and possessions, and District of Colunbia Other general government Total general government Footnotes at end of table. 605 606 607 606 609 610 U 93 26 160 53 213 1,239 77 476 194 627 38 187 31 44 6 502 240 140 25 34 157 188 67 74 139 69 236 51 73 19 1,201 1,629 1,789 1,353 (Continued on following page) 39 199 IB 4 200 94 30 18 77 41 22 533 18,453 . December 19^8 .BUDGBT RECEIPTS AND ETPENDITUEKS Table 4.- Expenditures and Balances by Functions (riscal jears; In mlUloDe of dollare) - (Continued) Treasury Bulletin .TRUST ACCOURT AHS OTEKR TRAHSACTIOHS. Table 1.- Summary of Trust Account and Other Transactions (Id nilllona of dollare) 71eoal year Net recelptB, or expendltureB (-), from trust account and other traneactlooe 1951 679 1952 1953 195^ 1955 l'»7 Trust and deposit fund accounts Net sale, or InTeetaent Net receipts, or expenditures (-) (-), by BecelptB 3,852 3,855 3,760 2,386 991 1/ 1>35 328 231 Bxpendlturvs l.,952 5,169 6,769 8,5'»5 1956 1957 1958 -19'' 2,250 1,U09 262 11,685 9,''35 195 633 111,369 16,329 12,959 16,068 1959 («»t.)... -517 -763 17,38U -65 338 -831 -273 -^37 -13 -11.7 May June 137 -553 768 July August. . ., September. -376 9. -200 -675 October.. -81. 1958 -January.. February. March April. 367 508 38U -72 •25 -2,05't -It eoejy -1,362 1/ 2/ 1/ -2,617 -2,300 173 1,085 567 l8,lii7 U9B -252 820 1,68U 1,127 1,651 1,317 1,56U -171 6k ll|2 1,331 2,131 2,069 l,l«79 279 -lU 1,363 1,561 -597 -332 -729 225 101 -3U 1,786 330 -31 l,ltl2 -I170 10 -5U 1,111 1,956 885 1,397 3U -3 -572 1,025 1,597 519 -32 5^.3 Actual flguree through 1952 are frcn the daily Treasury statement and thereafter frcm the monthly statement of recelpte and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the Midyear Feview of the 1959 Budget, released September 11, 1958, including effects of proposed legislation. under a revised classification In the monthly statement, effective July 1, 1955, the security transactions of Government-sponsored enterprises are Included in deposit fund account expenditures (net) i/ In the market -19*7 Source: l/ Ret sale , or redemption (-), of securities of Coremnent agencies -3,557 -3,636 -3,301 3, 9^.5 7,796 8,807 8,969 9,155 9,536 GoTemnent agencies in public debt securities and excluded from net Inveetnent tjy GoTemiuent agencies In public debt eecurltlee (see Table h) and trca net redemption or sale of obligations of GoTemment agencies in the market (eee Table ^). Figures preTlouely published for the fiscal year 1955 hare been revised to the new claeeiflcation basis. Includes guaranteed Becurities beginning 1955 (eee Table k). Table 2«- Trust Account Receipts (In mllliona of dollars) Federal Old-Age and Survivors Insurance Trust Fund Fiscal year or month 1951 1952 1953 1955 y Ballroad Retirement Account tliemploy - National Government meat TniBt Fund Life 1,5''2 3,932 678 850 '.,516 7l»2 1,591. 5,080 5,586 737 700 1,1.92 7,003 7,159 7,900 739 339 723 9U3 695 1,728 1,912 1,855 3,1.11 7,796 8,807 8,929 9,155 9,536 195'' Federal Disability Insurance Trust Fund l/ 1,61.3 1,''25 1958 11,685 1U,369 16,329 1959 (Kst.)... 17,38't 8,350 957 1,016 1,899 1958 -January.. February March .... 820 3''1 1,681. 896 6lU 36 120 75 25 86 177 1*5 28 768 81. 20 96 ,138 155 102 72 133 U05 155 1956 1957 April.... May June 1,127 1,331 2,131 2,069 916 July August . September 1,111 1,956 885 U27 38 11.1 93'' liO 73 1.69 35 bit October,. 1,025 U30 Ul . Source: See Table 1. 1/ See "Budget Receipts and Expenditures," Table 1, footnote 12. 2/ See "Budget BecelptB ani Kxpendltures," Table 1, footnote 11*. i/ IncluieB District of Colunbla receipts from taxes and from Federal contributions, loans, and grants; Indian tribal funds; increment resxilting from reduction in the weight of the gold dollar. Beginning with the fiscal year 1951*, the Railroad Uiemployment Insurance Administration Fund is classified as a trust account. Instead of being handled throi^ budget accounts U/ 2/ Service Life Insurance Fund Insuance Fund Federal employees' retirement funds Highway Trust Fund 2/ Other trust accounts 68^ 786 86 87 637 619 590 79 78 78 850 912 961 691 708 6119 73 ,025 608 69 67 ,397 1,1'58 2,13'' 681 638 1,722 2,U6 631. 61.0 690 51.5 597 UOl 1.57 ^9 1.67 it/ 1,482 1.5 3 123 U2 38 3 119 105 151 190 150 51 2 123 1''5 5'' 2 2 53 70 39 38 205 Ul 111 296 168 172 UO 51 69 62 99 3U9 37 UO 3 116 39 36 3 159 110 177 206 188 90 1.0 152 180 1 -54 i/ 69 as formerly ( see "Budget Receipts and Sxpenditures," Table 1, footnote 7). Doee not include donation of public debt securities amountii^ to 1.5,800 (par value); see also Table U. Net of transfer to mlBCellaneous budget receipts of $112 million unallocated Increment from reduction In weight of the gold dollar, pursuant to Public Law 85-699, approved August 21, I958 (72 Stat. 698). See aleo "Monetary Statistics," Table 6. . .. December 1958 .TRD8T ACCOlOrr AHD OTHSR TRAKSACTIOIB Table 3.- Trust and Deposit Fund Account Expenditures (In nlUloD* of aollAra; negatlre figures are exoeaa of oredlta) Truet aoooiAta, aad trust entarpriae funda (nat) Tot*l truat aooounta, or aoath at«. 1951 1952 1953 3,9*5 •',952 5,169 6,769 8,5*5 1/ 1951' 1955 *,139 5,296 5,698 7,327 8,1.89 19?6 1957 1958 1«,959 16,068 1959 (l»t.).... 18,11.7 1958-Jaauar7... FebruAry. March 1,651 1,317 1,1.87 1,''92 1,561. Airll MV rederal Old -Age and SuTTlTcra Inauranoe Truat Fund Federal Disability Inauraooe Truat fxoA. Railroad Bstlraaant AooouDt OiaBploj- atlooal Gore: ant Serrlce Life Inauranoe ruid Ufa Truat rum 502 585 900 1,0*9 1,010 1,7*5 1,965 61* 996 588 623 538 1,393 512 515 5** 321 391 1,569 2,067 2,750 1.65 3,1.05 U,1.87 5,551 6,723 8,116 IBI 611 682 730 1,6** 3,1*8 9,1.89 1.18 779 2,955 16 18 19 63 3*1. 61 1,532 720 668 697 331 *1S 1,''79 1,3«1 729 1,1'23 T21. 1,627 717 20 20 29 61. 1,363 1,561 1,606 81.1 19 1,1.87 722 20 Septenber. 1,786 1,*12 1,397 l,l»98 71.0 October. 1,597 1,1.95 721 9,1.35 Jme Jul; August . . . . . . .. 2/ 9,197 12,7''3 16,159 1 62 t Inaurance FUDd 77 82 82 *2 retlmaeDt Trust rund finds 271 300 363 8* *11 *30 87 86 120 507 591 699 966 1,602 8*8 2,560 65 56 61 112 1*7 631 *9 *6 Federal e^>lQ7eea' 7 7 6 lie 97 *26 377 3*8 51 *7 *7 30 63 63 59 59 90 109 8 58 217 320 302 290 *9 *8 *1 11 23 63 63 63 57 58 65 20* 222 236 27 63 207 *7 67 32* 15 7 * Treasury Bulletin 10 . THUST ACCOUNT AM) OTHER THANSACTIONS . Table 4.- Net Investment by Government Agencies In Public Debt Securities .. .. December 1958 11 TRUST ACCOUNT AMD OTHKR TRANSACTIONS. Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market (in mllllope of dollare; negative flguree are excees of aalea) Securltlea guaranteed by the Ihlted Statea Public enterpriae funde Flecal year or month Total guaranteed 1951 1952 1953 -38U 72 195'' U 1955 -602 1956 -173 -10 -16 -7 -29 37 25 -1,085 -567 1957 1958 Federal Farm Mortgage CorporatloQ Commodity Credit Corporation Home Ownera' Loan Corporation Federal Houalng AdmlnlBtration -12 -16 1 -1 1 -7 -30 37 -30 -33 6 -30 3 3 -2 -33 6 252 1959 (Kat.)... 1958<anuarj. Febriiary. March .... April May June July, Auguat. ., September October. -225 -1U2 -101 -2 -1 -1 lUU 10 10 -3 729 -1. -3 -4 31 -1 -1 -10 -6 -6 3 -9 -9 32 6 6 Securltlee not guaranteed by the Iblted States Trust enterprise funds Public enterprise funds Fiscal year or month Total not guaranteed Total public and trust enterprise funds 1951 1952 1953 -371. 195"* 33 88 32 65 Federal Intermediate credit banks 2/ Federal National Mortsage Association Home Owners' Loan Corporation Federal Intermediate credit banka 2/ Federal National Mortgage Association k/ GoTsmment-sponaored enterprises Total Governnenteponeored enterprises Banks for cooperatives Federal home loan banks -639 1/ -639 -37'» -375 1 186 285 65 -33 12 -11 136 -99 -45 -146 -1UJ» -I4.U -1,052 136 April May June -570 -100 -950 -115 -238 -225 -233 n.a. 1959 (Bat.)..., 1958 -January.., February.. March..... -69 -1U1» -1,052 -573 -573 -228 -100 -228 -lUO -100 131* 13"* -IW lanl banka -98 Memorandum 1955 1956 1957 1958 Federal -269 -872 -86 167 -715 6/ -229 1 hi -50 -66 -63 ^ -46 -20 -226 -588 191 282 -261 -230 -95 -25 -250 -140 10 -23 -53 19 19 -101 -50 121 21U -27 30 1U8 183 200 100 -91 -30 » -91 • -8 • 1 37 37 733 733 796 -63 112 111 1 July August . . September 32 32 5 1 -37 -73 -30 -U3 -1. 2 » 2 12 12 12 -163 -33 -130 October. 26 26 25 -126 -20 -106 -k Source: See Table 1. 1/ BeglnniJig 1955 excludes net transactions of GovenuBcnt-sponsored enterprises (see Table 3). 2/ Classified as a public enterprise fund prior to January 1, 1957; as a trust enterprise fund January 1, 1957» to January 1, 1959; and as a GoTemment-spcnsored enterprise thereafter (see Table 3i footnote 3)' Management and liquidating functions. SecOQdary market operations. Sec Table 3 Total Includes estimated $300 million net sales by Federal Intermediate credit banlcB. Less tban $500,000. Not available. . I Treasury Bulletin IS .CASE INCOME AHD OOTOO. The cash Income and outgo data appearing In the "Treasury Bulletin," beginning with the February I956 Issue, are on a basla conalstent with receipts from and payments to the public as derived In the 1957 and sub- representing cash received from the public. Federal cash borrowing from the public includes net borrowing by the sequent Budgets of the United States, Special Analysis A. Treasury through public debt transactions and also net borrowing by Government agencies and Government-sponsored enterprises through sales of their own securities. Reconciliation to cash deposits and withdrawals In the It excludes changes in the public debt which do not rep- account of the Treasurer of the United States Is shown on There Is also the same basis as In the Budget dooumente. resent direct cash borrowing from the public. The net effect of all these transactions with the public is reflected In changes in the balance in the Treasurer's shown the amount of net cash borrowing from, or repayment of By these arrangements, data In borrowing to, the public. accordance with the Budget classifications are made availFigures for back years have been able month by month. account and in cash held outside the Treasury. Cash transactions through the Treasurer's account are revised where necessary In order to make them as nearly eimllar 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 affect the balance in that account. differ somewhat from those published In earlier Budget documents as well as In the Bulletin. authority, which are excluded from receipts from the public aeries, but are limited In coverage to transactions whiah On the other hand, they Include receipts from the exercise of monetary in the Budget series. 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 Includes transactions not cleared through the Treasurer's Beginning with figures for the fiscal year 1953. the series of transactions with the public is based on the "Monthly Statement of Receipts and Expenditures of the Receipts and payments Include transactions both United States Government," which Is compiled from reports In budget accounts and In trust and deposit fund accounts. by all collecting and disbursing officers and includes those transactions not cleared through the Treasurer's account. Operations of Oovemment-sponsored enterprises are Included In payments on a net basis as reflected In Treasury reports. account. Cash deposits and withdrawals in the Treasurer's account, beginning with the figures for the same year, are Major Intragovemmental transactions which are reported as both expenditures and receipts are eliminated from both. reported in dally Treasury statements. Noncash items which represent accrued obligations of the Government to make payments in the future are also eliminated prior to 1953 both cash transactions series are based on a single source, namely, the earlier basis of dally Treasury from expenditures but are added later when actual payments statements which reported separate classifications for budget results, trust account transactions, etc. are made. Receipts from the exercise of monetary authority (mostly seigniorage on silver) are excluded as not For those years . . ) , December 1958 13 . CASH INCOME MD OUTGO . Table 1.- Summary of Federal Government Cash Transactions with the Public (In mllllQDB of dollara) Net cash tranaactlons with the public other than borrowing Fiscal year or month 1951 1952 1953 Federal recelptB from the public Federal paymenta to the public ''5,797 67,961* 7,593 71,1*99 76,773 71,860 70,538 -5,27'* 71,627 67,836 1956 1957 1958 77,088 82,107 81,893 72,617 80,008 1959 (Est.). 80,357 195'* Excess of receipts, or payments (-) 53,390 68,013 1955 Plus Be celpts from exercise of monetary authority : Net cash borrowing from the public, or repayment ( Plus: 1*9 -232 -2,702 U,i*71 -2 ,299 2,096 257 29 -551 -312 331 -956 -202 91*, 066 -13,709 7,620 5,371* 6,377 7,759 10,U85 6,71*0 -1,003 1,020 3,976 -107 -2,111* l*,626 -2,188 6,908 11,685 6,8lU 7,021 8,015 -111* July Al^ust., . September. 3,782 6,553 7,935 7,911 7,593 8,282 -31*8 October. 3,595 8,027 -l*,li32 21,865 31,813 -9,9^8 1959 to date. 1,839 -388 56 73 66 83,1*13 .. Cash held outside Treasury, Increase, or decrease ( -} 1*3 23 6,509 Treasurer's account balance , increase or decrease ( -) 2,919 2,512 1,809 -U,366 -3,100 5,760 April. May... June., Change In cash balances -5,796 -505 2,099 -1,520 1958-January. February. March .... Equals: 59 l*,159 5 lUO 60 -5,71*9 -280 -1,101 888 1,662 68 30 187 2,686 1*12 3,670 -96 -285 -357 3,619 9U 152 -231 -U,128 -l.OUO -569 -l.,630 2,575 1,2U9 288 -1,371* -1,269 -U50 l*,027 -565 161 l*,658 -5,215 -65 source: Actual figures throi^ 1952 are baaed on the dally Treasury statement and thereafter they are based In part also on the monthly etate^nt of receipts and expenditures of the Goremment (for explanation of reporting bases, see page II); eatlmates are from -36 1*9 -65 the Midyear Eevlew of the 1959 Budget, released September 11, 1958, Including effects of proposed legislation. Table 2.- Summary of Cash Transactions through the Account of the Treasurer of the United States (In millions of dollars) Treasury Bulletin 1»^ CASH INCOME AND OXJSGO 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 mllllona of dollara) 15 December 1953 .CASH INCOME AND OUTGO. Table 5,- Intragovernmental Transact lone (In oLllllons Treasury Bulletin 16 CASH INCOME AND OUTGO Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Publ ic, and Reconciliation to Net Cash Debt Transactions through the Account of the Treasurer of the United States (Net boxTOvliig, or repayiDent of borrovljig (-); In mllllona of dollare) Change In public debt and agency obligations held by the public Net InTestmsnt in Federal securities by GoTemment agencies Less: Net sale of obligations of Govemment enterprises In the market Plus: Fiscal year or month Public debt Increase y or decrease (-) -e,135 3,883 6,966 5,189 3,115 1951 1952 1953 195J> 1955 1956 1957 1958 1959 (Set.)... 1958 -January. February. March April May June . October. . -Ik 60S spon sored enterprises 371. -186 33 11 269 173 872 -2 ,221* 5,816 1,085 567 -167 6,657 -252 715 -3U3 J2U 225 -2,055 691 . 10 IIU -59 GoTemment- -1,623 2, '•33 595 July Al^ust September Public end trust enterprise funds -877 3,009 -1,610 3,5U6 86 Trust funds 3,369 3,355 3,068 1,686 1/ 1,236 2,516 2/ 2.262 105 «15 Public enterpris funds GoTemmcntsponaored enterprises SluBls: Increase In securities held by the public, or decreaae ( - December 1958 17 .CASH INCOME AMD OUTGO. Footnotes to Table 3 l/ 2/ \J For further detail, aoe "Budget Receipts and Expendlturea," Table 1. For further detail, see "Truet Account and Other Transact lone," Table 2. Treated as noncash refund deductions from receipts when Issued and as cash refund deductions when redeemed. U/ • Conelata of seigniorage on silver and increment resulting from reduction In the weight of the gold dollar; excluded from receipts from the public but Included In cosh deposits In the Treasurer's account. Lees than $500,000. Footnotes to Table 4 ^j For further detail, see "Budget Receipts ani Eipendlturee," Table 2. For further detail, see "Trust Account are! Other Transactions," Tables 3, U and 5. Includes net change In balances In Government-sponsored enterprise deposit fund accounts with the Treasurer of the Uhlted States. Net operating expenditures, or receipts (-), as measured by funds provided by or applied to net security transactions reflected In Treasury reports (see Table 7). To a large extent, these Government-sponsored enterprises secure funds for their operations by direct borrowing from the public or by cashing Federal securities which they hold, and they apply the net income received from operations to repayment of borrowing from the public or to Investment in Federal securities. On that basis, net , i/ U/ '2J 6/ 2/ expenditures for operations are shown in thle table In terms of the combined net of disinvestment In Federal securities and sale of agency obligations in the market, and net receipts from operations are shown in terms of the combined net of Investment In Federal securities and redemption of agency obligations In the market. Not reported prior to I95U. Consists of only those market tranaactlona not cleared through the Treasurer's account. See Table 7, footnote 1. Does not Include revolving fund receipts representing acquired securities amounting to $1,6U3,070 (par value). Footnotes to Table 5 i/ Zj i/ {i_/ F#d«ral int«rmodlat« credit bank franchls# tax through December 19^6 and, beginning 1953, also relmburMment by Panama Canal Company for sxponsAs and aervicea. Includaa r«lmbiiraem»nt by Federal Old-Ag© and Survlvora In«ura«;» TruBt Fund and Federal Dlaablllty Iniurance Trust Fund for admlnlatxfttlv* aipct^cs, and alao for ref\mda of taxaa (treated as an offt»t to refunds rath«r than being credited to receipts) beginning with 1953 for the former emd 1959 for the latter; relmburaement by Highway Trust Fund for rofunde of taxee; reimbia-sement by the Dlatrict of Columbia; payment of dividenda, Interest, etc., by Federal National Mortgage Association's secondary market operations; and Federal Intermediate credit bank franchise tax and repayment of capital stock to the Treasury after December I956 and before January 1959 Consists of pei-ment of earnings and repayment of capital atock to the Treasury through 1952; amd paymemt of frawchlee tax by baaks ror cooperatives beginning 1955, and by Federal Intermediate credit banks beginning January 1959. Includes relatively small amounts of deductions fVom salarlea paid 6/ Beginning by trust funda and Government-sponsored enterprises. with fiscal year 195^* excludes deductions from sslarlee of District of Columbia employees (see footnote 6). Consists of payments to employees' retirement funds repreaentlng United States and Government corporation shares of contributions; pai^inentn to the Railroad Petirement Account (for creditable military service), the Unemployment Trust Fund, veterans' life insurance funds, Judicial Survivors Annuity Fxjnd, trust fund for technical aervices and other aaslstance under the agricultural conservation program, and District of Columbls; and awards cf Indian Claims Commiesion. Includes payn»nt by District of Colvmibla to the "rivll Services retirement fund for its share of contributions, and beginning with 195© alao deductions from Ita payroll; payment by Railroad RetlreiaBnt Board to Federal Old -Age and Survivors Insin-ance Trust Fund; trsnsfere from Civil Service retirement fund to Foreign Service retirement fund from 1955 through 1957; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund through 1955. I^es than $500,000. Footnotes to Table 6 1/ 2/ \J U/ 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 due and payable baela to an accrual baels; for 195**, consists only of public debt interest checks and coupons outstanding; net Increase, or decrease (-). Not reported as a separate clearing account prior to 195^** Treated as noncash expenditures at the time of issuance of the securities and aa caah expenditures at the time of their redemption; net Issuance, or redemption (-). Issued In 1936 In exchange for adjusted service certificates held by veterans of World War I. The bonds matured in I9U5. ^ 6/ 2/ * Issued in 19^7 in payment for accumulated leave. The last of these bonds matured In 1951. Part of the united States subscription to the capital of the International Monetary Fund was paid in the form of nonlnterest-bearlng nonnegotlable notes payable on demand (see 19^7 Annual Report of the Secretary of the Treasury, pages UB, 350, and 385). Checks outstanding lees deposits in transit, and changes in other accounts; net Increase, or decrease (-), Prior to I95U Incliaiea also public debt Interest due and unpaid (see 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 Uhlted States securities by Governmentsponsored enterprises includes a small amount by other enterprises regarded as representing net transactions with the public In Table U under "Truet Account and Other Transactions," these amounts are included In trust and deposit fund account Investment. Does not Include Investments representing acquired securities amounting to $1,61*3,070 (par value) and donation of eecurltles amounting to $U5,8O0 (par value). Accrued discount on savings bonds and bills, which is Included In the !i/ . 2/ 1/ principal of the public debt, less Interest paid on savings bonds end bills redeemed. Treated aa noncash transactions at the time of Isauance and as cash transactions at the time of redemption; net Issuance, or redemption (-). 5/ 6/ 1/ Excluded from borrowing because the transactions ere treated as expenditures in Table 6, Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3. Market transactions In public debt securities and agency obligations. I^as than $500,000. Treasury Bulletin 1« . Accouirr of the treasurer of the united states . Source and Availability of the Balance In the Treasurer's Account The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also trust, deposit fund, and public debt transaotlone. 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. account to the tax and loan account In the same bank. On occasions, to the extent authorized by the Treasury, banks are permitted to deposit In these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the account of their customers. The tax and loan account system permits the Treasury to leave funds In banks and In the coaiaunltles In which they arise until such time ae the Treasury needs the funds Deposits to tax and loan accounts occur In the normal course of business under a uniform procedure In this way the Treasury Is able 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 oases the transaction A detailed description of the Treasury's depositary system may be found In the Annual Report of the Secretary Involves merely the transfer of money from a customer's of the Treasury for 1955, for Its operations. to pages 275-28'+. Table 1.- Statue of the Account of the Treasurer of the United States (In mllllone of dollars) December mS 19 . ACCOUMT OF THE TREASURER OF THE UWITED STATES , Table 2.- Analysis of Changes in Tax and Loan Account Balances (In alllloDa of dollara) Proceeds from sales of securities l/ Flacal year or month savings bonds Savings notes 1951. l95^. 1953. 195^. 3,390 2,226 2,667 3, '•37 1955. 1956. 1957. 1958. I. 3, It 57 ,1.21. 3,810 2,976 2,82U U,679 2,231 2,333 During period Tax anticipation securities Withheld and excise 2/ 2, '•51 287 5,2l»3 5,0I>1 6,861 It, 301* 5,977 6,035 8,167 20,538 786 23 ,897 5,olt3 6,568 2,922 13,513 26,709 27,881 5^.8 2,762 1,168 3,161 2,726 1957-December. 223 1958 -January.. February. March 258 252 36 1,328 ;^ii. 2l»2 3,323 May... Jime. 226 23U 1,029 July Ai^uat September 266 22li October. 212 . 10,331 13,579 15,859 19,898 333 3,553 209 3,653 Source: Office of Fiscal Assistant Secretary; figures are on basis of telegraphic reports. 1/ Special depositaries are permitted to make payment Iji the form of a deposit credit for the purchase price of united States Government obligations purchased by them for their own account, or for the accomt of their customers who enter subscriptions through them, when this method of payment is permitted under the terms of the circulars Inviting subscriptions to the Issues. 2/ Taxes eligible for credit consist of those deposited by taxpayers Withheld income tax beginning in the depositary banks, as follows: Income ( by special arrangement) Total credits Withdrawals End of period Average High ^ 6,971 13,270 10,227 "•,791 211,128 36,1.93 "•1,267 Ul,61>U 21,716 37,066 1.3,303 8,776 950 39,879 l.,636 7,1.93 1,61.9 1.2,51*5 7,299 1,910 1,103 813 1,078 1,710 2,779 1,103 1,731 1,782 6,293 5,1.09 2,967 U,6ll 39,lkO 38,871 I*, ll5,ltl.8 1.6,000 l.,365 i.,633 i.,082 55,OWt 50,908 8,218 6,078 8,869 3,533 l.,033 3,081. 3,589 1,767 3,005 2,925 152 7,903 1,501 2,818 8,385 2,127 6,1.33 i.,67l. 5,216 3,006 6,257 It, 6,71.5 6,576 5,237 U,210 5,i.i.lt 3,535 971. 5,593 2,916 1,091 2,953 2,863 21 5,177 3,179 5,619 9,71.1. 1,168 186 1,620 2,968 2,783 1,218 1,086 23 It, 3,208 3,255 5,680 5,106 3,071 5,1.86 1,1.31 1,1.25 It ,212 3,870 3,991 3,373 2,987 3,21.6 5,1.1.7 1,138 2,380 558 l.,558 1,611. 3,655 '.,730 5,129 8,869 11,153 i.,696 8,218 2,653 5,1.31 3,262 8,055 l.,769 5,1.00 i.,513 3,262 1,975 l.,531 1,281. 3,218 1,91.8 3,629 2',837 l.,596 It, 998 3,61.5 5,263 March 191.8; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad Petlrement Tax Act beginning July 1951; and a number of excise taxes beginning July 1953Uhder a special procedure begun In March 1951, authorization may be given for Income tax payments, or a portion of them, made by checks of $10,000 or more drawn on a special depositary bank to be credited to the tax and loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments. ... . . Treasury Bulletin 20 .DEBO! OOTSTAHDHC- Table 1.- Summary of Federal Securities (In mlUlone of dollare) Total outstanding End of fiscal year or month 1951 1952 1953 195* Public debt 29 271,3''l 252,852 256,863 27 2,372 2,370 512 1,283 liU 2,2lili 2,21l2 Itl9 1,2711 263,9115 2,126 2,351 2,125 2,350 298 1,302 268,910 51 80 Uii I137 l,lill 271,785 269,956 268,592 271,7111 li3 2,6311 269,883 73 I160 l,61i6 2,01i2 l,6li6 1,068 618 ItltU 2711,798 106 101 589 666 529 597 l,7ll2 268,li86 2711,698 2,869 2,0U2 2,633 2,868 272,977 272,8711 2,025 2,024 81.1 7l»6 1137 272,877 273,061 271,051 272,777 272,959 100 102 562 733 725 103 1,777 1,720 1,676 609 270,9118 1,778 1,721 1,677 576 669 273,5110 2711,126 2711,798 273,lili7 93 1,610 1,622 l,6lt6 l,61i6 665 690 618 I131 96 101 1,611 1,623 51I1 2711,030 2711,698 li27 li23 81 27'1,37't 272,825 270,63U 276,UUU 272,751 270,527 1957 -December. 275,002 2711,898 1958 -January.. February. March .... 2711,656 2714,782 2711,555 2711,679 272,62li 101 April May June 275,151 275,057 275,653 9U 7I1 107 101 276,3113 275,7i»9 252,879 256,907 263 ,997 268,990 52 271. ,1.18 272,728 teed securities 2/ 1/ 116 1955 1956 1957 1958 103 lOU 97 101 276,liliU 276,3113 July August. . September 275,568 275,ii66 278,58l» 278,1176 102 108 276, 78U 276,666 118 October. 280,323 280,211 Guaranteed Public debt teed securities 2/ 255,222 259,105 266,071 271,260 255,251 259,151 266,123 Public debt Guaran- GuaranTotal 1/ Matured debt and debt bearing no Interest Interest-bearing debt 27ll,011 101 108 117 273,910 276,951 277,058 275,122 275,00ll 278,672 278,561 Monetary Fund k/ Total 500 597 1,557 1,526 1,662 1,556 1,525 1,661 611 632 619 626 1,651 1,650 5I1I 687 I161 securities 2/ (natured) 5T5 550 525 502 U77 1,567 U97 Other 5/ 1130 1135 1133 I132 I133 I130 I125 li2U Monetary Fund In payment of part of the United States subscription, pursuant to provisions of the Bretton Woods Agreements Act. The notes bear no interest, are nonnegotlable, and are payable on demand. Includes savings atajnpa, cjccese profits tax refund bonds, and currency items. For current month detail, see "Statutory Debt Limitation," Table 2. Source: Dally Treasury statement. 1/ Includes certain obligations not subject to statutory lljiiltatlon. For amounts subject to limitation, see page 1. 2/ Excludes guaranteed securities held by the Treasury. Consists of Federal Housing Administration debentures beginning March 1953{i/ Special notes of the United States issued to the International ^ Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities (Dollar amounts In millions) Computed annual Interest rate Total Intereat-bearing securities End of fiscal year or month Computed annual interest charge Amount outstanding Public debt and guaranteed securities 1/ Public debt Public debt and guaranteed securl1/ 5,7liO Public debt Total Public debt interestbearing securities Marketable Issues Total public debt Total 8/ 2.270 2.329 2.U38 2,270 2.329 2.U3e 1.981 2.051 2.207 2.0U3 2.079 252,852 256,863 5,982 5,7^0 5,981 263,9116 6,1.32 6,li31 268,910 6,300 6,388 6,298 6,387 2.31.2 2.31.2 271,7111 2.351 2.351 1956 1957 1958 269,956 268,592 269,883 .6,952 268,1186 27U,698 7,328 7,2U8 950 325 2711,798 7,2ii5 2.576 2.730 2.638 2.576 2.730 2.638 1957 -December. 272,977 272 ,8711 7,878 7,876 1958 -January.. February March 272,877 273,061 271,051 272,777 272,959 270,9118 7,796 7,580 7,382 7,793 7,577 7,379 2.860 2.778 2.725 2.660 2.778 2.725 273,5110 2711,126 2711,798 273,lili7 7,326 2711,030 27li ,698 7,281i 7,323 7,282 7,2li5 2.679 2.658 2.638 2.6:2 2.578 7,21.8 2.679 2.658 2.638 273,910 276,951 1952 1953 195lt 1955 April May June CertlfIcatea Guaranteed Special Issues securities iZ_ 252,879 256,907 263,997 268,990 271,785 1951 Bills i/ NonmarketTreasury able Issues bonds 1.569 1.711 2.25lt .8113 1.539 1.875 1.875 2.319 1.928 1.173 1.399 1.560 1.754 1.838 1.646 2.327 2.317 2.342 2.440 2.480 2.623 2.659 2.720 2.751 2.789 2.606 2.675 2.746 2.671 2.585 2.656 2.578 2.575 2.547 2.590 2.705 2.635 2.630 2.622 2.65U 3.197 1.033 2.625 2.5li6 3.330 2.075 2.504 2.806 2.485 2.482 2.576 2.824 2.853 2.892 2.965 3.510 3.699 2.666 2.505 2.875 2.639 2.619 2.9111 3.192 2.652 1.988 3.699 2.664 2.678 2.865 2.505 2.547 2.555 2.' -e 2.8c^ 2.685 2.639 2.638 2.637 2.621 2.620 2.619 I.I138 3.I150 1.182 1.033 3.450 3.330 2.622 2.820 2.806 2.555 2.555 2.576 2.888 2.890 2.892 2.637 2.635 2.630 2.613 2.615 2.622 2.1127 2.707 2.778 2.688 2.5I16 3.3115 3.1151 3.I151 2.606 2.6U July At^ust. September 27U,011 277,058 275,122 7,210 7,019 7,088 7,208 7,016 7,085 2.53lt 2.53I1 2.5311 2.37I1 275, OOU 2.577 2.577 2.I1U3 .951 1.185 1.702 3.329 2.361 2.361 2.801 2.790 2.785 2.575 2.585 2.592 2.895 2.697 2.899 2.633 2.635 2.637 2.627 2.625 2.629 October, 278,672 278,561 7,370 7,367 2.61i7 2,6lt7 2.558 2.532 2.361 2.823 2.592 2.902 2.640 2.638 . 2.632 Source: Dally Treasury statement. Note: The computed annual Interest charge represents the amount of Interest that would be paid If each interest -bearing Issue outstanding at the end of each month or year should remain outstanding for a year at the applicable annual rate of Interest. The charge Is computed for each issue by applying the appropriate annual Interest rate to the amount outstanding on that date The aggregate charge for all interest-bearing Issues constitutes the total computed annual interest charge. The average annual Interest rate is computed . 2.632 1/ 2/ ^ 4/ by dividing the computed annual Intereet charge for the total, or for any group of Issues, by the corresponding principal amount. E:tcludes guaranteed securities held by the Treasury. Total Includes "Other bonds"; see Table 2. Included In debt outstanding at face amount, but discount value Is used in computing annual intereet charge and annual Interest rate. The annual Interest charge and annual interest rate on United States savings bonds are computed on the basis of the rate to maturity applied against the amount outatanding. December 1958 21 .DEBT OOTOTAHDHC- Table 3.- Interest -Bearing Public Debt (In ailllona of doUari) Public Isaues Total Bid of flBC«l year or Romarke table Harke table interest- bearli^ ppbllo debt 252,852 256,863 1951 1952 1953 195k Treaaurr bonda Total public Bank reBank ell«i- atrlotel bla 1/ Certif- laauea icate a 218,198 ,137,917 219, 12U 11.0,1.07 13,611. 9,509 28,1.23 15,851. 18,1.05 263,91.6 223,1.08 11.7,335 268,910 226,681 150,351. 17,219 19,707 19,515 1955 1956 1957 1958 271,7>»1 228,1.91 155,206 19,511. 269,883 221., 769 151. ,953 20,808 268,1.86 2711,698 221,658 155,705 228,1.52 166,675 35,806 18,963 1.2,772 1.8,200 31,960 63,980 71,706 1.0,729 81,057 35,952 30,973 81,81.0 23,1.20 22,1.06 13,836 16,303 20,U73 32,920 20,1.16 80,789 90,883 30,1.25 other U. S. bonda aaTlaga bonda 2/ TreaauOT aarlnga note a 57,572 57,685 57,886 58,061 7,818 6,612 96 80,281 78,717 76,073 76,326 71 50 50 50 73,285 69,817 65,953 61,777 58,365 1,913 36,061 156 27,1.60 17,21.5 11.2 121. 8,672 Aned foroea leare bonda Bpeolal leauae Treaaur; Oepoabooda, ItaxT Inreat' bonda Bent aerie i»T Ik ,526 3k ,653 319 373 lk,0k6 13,288 12,775 kk7 kl7 310 k3,250 57,1.97 12,589 12,009 ,622 U,135 196 51,961. 9,621 171 k6,827 k6,2k6 51. I.,li53 5,079 37,739 k0,538 k2,229 ku k5,U* 1957-Doo.. 272,8711 227,075 161., 192 26,857 311,551' 20,661. 82,067 50 62,883 52,lt7'i 10,253 156 k5,799 1958-Jan. Feb.. Mar.. 272,777 272,959 270,9U8 227,307 l6l.,627 227,000 161.,U83 225,137 162,898 27,260 26,127 23,022 31., 551. 20,703 82,060 20,1.83 86,31.8 87,663 10,19k 10,059 9,837 lk3 Ikk 20,685 62,681 62,517 62,239 52,31.1. 31,1.75 31,1.78 50 50 50 k5,k70 k5,959 k5,8l0 kgt.. 273 ,'•''7 228,001. 165,97k 22,U15 21., 227,915 165,988 228,1.52 166,675 22,1^)5 22,1.06 87,61.7 20,1.16 90,883 50 50 50 62,031 61,927 61,777 9,710 9,677 9,621 156 163 171 k5,kk3 2711,030 2711,698 732 21., 765 52,161. Majr.. 31,122 31,122 32,920 273 ,910 276,951 228,033 166,391 230,638 169,233 229,008 167,728 22,U03 32,938 20,1.99 51,851. 85,71.3 50 50 50 51,913 20,665 20,7U9 61,1.01. 2?;699 38,1.87 38,1.87 90,501 87,631 61,61.2 22,1.01 275,001. 61,280 51,792 9,525 9,3kl 9,2kk 20k 209 2kk k5,877 k6,313 k5,996 278,561 233,19k 172,153 25,9k2 38,1.87 21,938 85,737 50 61,01.1 51,715 9,109 217 k5,367 June. Jvilj. Aug. . Sept. Oot.. 87,655 8oaca»i Dallj Treaaury atateaent, 1/ laauaa vtalch oomaerolal banka (banka aooeptlng denand depcaita) ware not perBltted to ao^ulra trior to apaolfled dataa, exoept that: (1) ooncurrently with the kth, 5th, and 6th War Loana and the Tlotorr Loan, they were permitted to aubaorlbe for llAlted inreatuent of 52,315 52,251. 52,066 51,981. lk8 k6,U5 k6,2k6 their aarlnga depoalta; (2) they Ml^t temporarily aoqulre auch laawa through forfeiture of collateral; (3) they ml^ht hold a limited aao\mt of auoh laauea for trading purpoaea. Conalata of Panama Canal bonda, and alao poatal aaTli^a bcoda until the laat of theae bonda matured on July 1, 1955. Table 4.- Average Length and Maturity Distribution of Marketable Interest-bearing Public Debt (m i/ mllllona of dollara) Maturity olaaaea Bid of flac&l year or month Amouit outatandli^ Within 1 year 1-5 5-10 yeara yeara 10 - 20 yeara 20 yeara and orer ATaamga laagth k3,908 k6,367 65,270 62,73k k6,;e6 k7,8lk 36,161 29,866 8,707 13,933 15,651 27,515 29,979 25,700 28,662 28,63k 8,797 6,59k 1953 195k 137,917 Ik0,k07 lk7,335 150,35k 1,592 1,606 6 yra. 5 yra. 5 yra. 5 yra. 1955 1956 1957 1958 155,206 15k,953 155,705 166,675 k9,703 58,71k 71,952 67,782 39,107 3k,k01 kO,669 k2,557 3k, 253 28,613 28,578 26,k07 27,652 3,530 k,351 k,3k9 7,208 5 yra. 10 5 yra. k k yra. 9 3 moa. 5 yra 1957-December. l6k,192 75,268 k7,996 8,868 27,690 k,3k7 k yra. 1958 -January.. February. 16k ,627 k8,037 k3,Ok7 k2,322 6,868 12,709 Ik, 206 27,68k 27,678 27,*72 k,3k7 6,069 6,07k k yra. l6k,k83 162,898 75,690 7k, 979 72,62k 6 moa. k yra. 11 moa. 5 yra. 165,97k 165,988 166,675 71,729 75,538 67,782 k6,299 k2,51k k2,557 Ik, 206 Ik ,206 27,665 27,658 27,652 6,07k 6,073 7,208 k yra. 11 noa. 21,k76 67,797 70,k77 66,896 k2,639 k9,559 k9,6k3 21,101 lk,3k7 lk,3k7 27,6k7 27,6k2 27,633 7,208 7,208 7,207 5 yra. 5 yra. September 166,391 169,233 167,728 5 yra. October.. 172,153 72,117 50,85k lk,3k7 27,627 7,207 1. 1951 1952 March April.... May Jme July Augiiat ... Source: Office of the Secretary, Debt Analyala Staff. 1/ 28,908 12,328 21,k76 All iBBuee claselfled to final maturity except partially tax^xempt bonda which are cl&aslfled to earlieat call data. 7 msa, 8 K>a. k moa. 6 moa. 1 I i 7 moa. k yra. 10 moa. 3 moa. 5 yra. 2 moa. 1 mo. 1 no. yra. 11 moa. Treasury Bulletin 22 .XSEBI OOTSTAHDIIG. Table S.- Special Issues to United States Government Investment Accounts December 19^8 23 JEBT OUTSTAHDHG. Table <t.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies (In lallllona of dollara) : Treasury Bulletin 21^ STATT/rOEY DEBT LIMITATION The Second Liberty Bond Act 3I U.S.C, 757 b), as amended by an act approved September 2, 1953, provides that the face amount of obligations Issued under authority authorized ae followB: $6 billion beginning on August 28, 195^» and ending on June JO, 1956 (acts approved August 28, of that act, and the face amount of obligations guaranteed and ending on June 30, 1957 (act approved July 9, 1956); and $5 billion beginning on February 26, 1958, and ending on June 30, 1959 (act approved February 26, 195S ), ( as to principal and Interest by the United States (except guaranteed obligations held by the Secretary of the Treasury), shall not exceed In the aggregate 3283 billion out- standing at any one time. The corresponding limitation previously In effect, under the act of June 26, 19^, was 3275 billion. In addition, temporary Increases have been 195^» and June 30. 1955); $3 billion beginning on July 1, 195^. Obligations Issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are Included In the statutory debt limitation at current redemption values. Table 1.- Status under Limitation, October 31, 1958 {In mllliona of dollars) Maximum amount of securities which may be outstanding at any one time under limitation Impoeed by the act of September 2, 1958 (31 U.S C. 757 b) as increased temporarily by the act of February 26, 1956 288,000 , Amount of securities outstanding subject to such statutory debt limitation: U. S. Government securities issued under the Second Liberty Bond Act, as amended 279,785 112 Guaranteed securities (excluding those held by the Treasury) 279,897 Total Qmojnt of securities outstanding subject to statutory debt limitation B,103 Balance issuable 'under limitation Source: Dally Treasury statement. Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding October 31, 1958 (In mllllone of dollars) Class of security Public debt: Interest -bear lug securities: Marketable: Treasury bills Certificates of Indebtedness. Treasury notes Treasury bonds Panama Canal bonds Total marketable Noraoarke table U. S, savingB bonds (current redemption value). Depositary bonds Treasury bonds, investment series Total nonmarketable Special Issues to Government agencies and trust funds. Total interest-bearing securities Matured securities on which Interest has ceased Debt bearing no interest: United States savings stamps Excess profits tax refund bonds Special notes of the 'Jhlted States, International Monetary Fund Series.. Thlted States notes (leas gold reserve) Deposits for retirement of national bank and Federal Reserve Bank notes. Other debt bearing no Interest Total debt bearing no interest. Total public debt Guaranteed securities: Interest -bearing Matured l/ Total guaranteed aecurltlea Total public debt and guaranteed securities. Subject to statutory debt limitation 25,9''2 38,U87 21,938 85,737 subject to statutory debt Not, Total outstanding December 1958 25 .DEBT OPERATIONS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding October 31, 1958 Treasury Bulletin 26 .DEBT OFERATIOHS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding October 31, IQ58 - (Continued) (In llllaB* at dollira) December 19^8 27 .DEBT OPniATIOHS. Table 2.- Offerings of Treasury Bills (Dollar aaounta In mlUloos) Deeorlptlon of aev leeua Number of Maturity date dajB to maturity Amount of bids tendered Amount of blda accepted Total enount On ccmpetltlTe baa IB On nonccmpetltlTe baele l/ In azohange AfflDxmt Total unma- maturing on Issue date of new offering tured iasuae outstanding after new iaauea Begalar weekly blllai 1958-Aug. 7 Aug Aug. Aug. 11* 1958- Not Not. 13 21 28 Not. Not. 20 28 Sept. 1* Sept. 11 Sept. 18 Sept. 25 Dec. Dec. Dec. Dec. 11 18 26 . Oct. Oct. Oct. Oct. Oct. Not . Not. Not. Not. . 9 l6p 23p 30p 1959 -Jan. Jan. Jan. Jan. Jan. 6p 13p 20p 28p Feb. Feb. Feb. Feb. 2 6 I. 2 8 15 22 29 5 13 19 26 1,700.1* 235.3 253.7 356.0 359.5 i27.ll 33.0 31.6 1,800.2 1,700.2 1,701.0 11*3.1* 1,700.1* 1,565.3 1,535.5 236.1 260.9 1,699.8 1,700.1 1,699.2 1,1*1*5.3 351*. 131.6 67.6 20.3 26.9 96.7 22,800.6 22,900.6 1,51*2.2 1,700.1* 23,103-7 1,700.3 23,206^ 162.5 23.8 119.2 1,700.0 1,699.2 1,799.8 1,799.9 23,308.2 l,l*U8.5 l.UlU.l* 251.5 1,511* -6 285.2 272.2 1,565-0 2,635.6 2,575.6 1,800.3 1,800.1 1,800.1 1,799.8 92 91 91 91 91 2,291.5 2,381.6 3,088.U 2,986.6 2,871.8 1,801.3 1,800.1 1,803.0 1,799.7 1,802.7 1,503.2 299-5 91 2,8ll*.U 2,856.6 2,998.1 2,830.5 1,501.1* 1,1*65.9 300.6 92 91 90 1,802.0 1,800.6 1,803.0 1,803.0 1,501.6 1,520.0 301.3 282.8 211* 5,950.3 2,996.7 219 5,80U.6 2,735.1* 2,1*29.3 2,1*81.8 91 91 91 92 2,567.8 2,515.3 2,1*63-3 2,51*9.5 22,U02.6 22,U01.8 21.7 22.0 230.2 226.8 1,700.0 1,699.2 1,799.8 1,799.9 91 91 91 92 1,527-7 l,Ui*6.li l,l*l*l*.l 1,1*1*0.3 281*. 261* .6 331*. 276.1* 1,700.0 1,800.8 1,800.2 22,1*00.9 22,1*00.6 22,1*00.7 22,500.6 22,599-7 22,699.1 23 ,001* .1* 23.1*09.6 23,1*12.7 23,1*15.5 Tax anticipation blllai I958-N0T. 20p 71*7.1* 2,996.7 Other bills: 1958-Oct. 8p 2/ May 15 2,735.1* .. .. Treasury Bulletin 28 .DEBT OPERATIONS. Table 3.- Summary of New Money Financing through Treasury Bills (Dollar aaounte In mllllopa) Hew Boney ralaed froa Deaorlptlon of issua Nunber of daya to Maturity date Issue data Aaount of bids tendered AiBount of blda accepted Average rate on bids accepted l/ aturlty Increase In regular weekly bills, or decrease (-) (Itercent) ;953-Apr. 23.. May Hay Hay 7.. 21.. 28.. 1953 -Culy Aug. Aug. Aug. 23 91 2,202 1,501 2.320 100 6 91 91 91 2,166 2.352 2.092 2,087 1,500 1,501 1,501 200 200 200 800 1,500 l.UOO 1,501 1,500 2.383 91 91 1,676 1,782 2,290 2,207 1,985 1.95'. 199 198 300 300 8 15 91 91 91 2,192 2,167 2,277 1,500 1,501 1,500 2.106 2.007 2.106 300 100 100 20 27 June 3 . June U. June 11. Juna IB.. June 25.. Sept. 18 Sept. 3 Sept. 10 Sept. 17 Sept. 2l4 July 2.. July 9.. July 16.. Oct. Oct. Oct. 1 107 91 91 2,3l<0 2.08I1 2.1.16 2.323 2.228 Sept. 10.. Dec. 10 91 2,023 1,501 1.953 19511-Mar. 22.. 195^1 -June 21i 91. 2,717 1,501 .956 Apr. 27.. June 18 52 2,987 1,001 .726 1955 -July 7.. July Ih.. July 21.. July 28.. 1955 -Oct. Oct. Oct. Oct. 6 20 27 91 91 91 91 2,119 2,258 2,390 2,ll03 1,600 1,600 1,600 1,601 1.606 1.619 1.720 99 100 100 100 2,328 2,292 2,369 2,178 1,601 1,601 1,601 1,600 1.850 1.889 1.888 1.875 100 98 100 100 2,202 2,282 2.088 2.135 2.10U 1.981 2.122 99 102 99 98 101 2.1.65 Aug. !>.. Aug. 11.. Aug. 18... Aug. 25.. Hot. Hot. Hot. Hot. Sept. 1.. Sept. 8.., Sept. 15... Sept .22.., Sept .29... Dec Dec. Deo. Dec. Dec. Dec. 15... 1956-Oct. 17... 13 10 17 91 91 91 25 92 15 2,6511 22 29 91 91 91 91 91 2,328 2,317 1,600 1,602 i,6oe 1,601 1,601 1956-Mar. 23 99 U,130 1,501 1957 -J«n. 16 91 '•,761 1,603 3 Mot. 16... Feb. 15 91 Dec. 17... Mar. 22 95 3,786 1957 -Jan. 16... Jan. 31... June May 2U 2 159 91 a.iiiii Teb. 7... reb. 11»... Tab. 15... yeb. 21... Feb. 26... May May June May May 9 16 2U 23 31 91 91 129 91 92 2,626 2,719 2,3oe 2,580 Mar. 7.. Mar. lU... June 6 jTine 13 91 91 2,769 2,830 May July 27... 3... Sept. 23 1958-Har. 2,621. 2. 71.1 119 3,689 21i 261. '',5'.7 Aug. 21... Apr 15 237 3,178 Dec. 19... Dec. 26.. Mar. Mar. 20 27 91 91 2,31.8 2,1.16 195e-Jan. 2.. Jan. 9 . Jan. 16. Jan. 23.. Apr. Apr Apr. Apr. 3 91 91 91 91 2,388 10 17 Mar. 13.. June 12 91 Sept. 11... Sept. 18... Sept.25... Dec. Doc. Dec. 11 18 91 91 26 92 Oct. 2... Oct. 8p,. Oct. 9... Oct. 16 p. Oct. 23 p. Oct. 30 p. 1959 -Jan. Hot. 6 p. Hot. 13 p. Hot. 20 p. May Jan. Jan. Jan. Jan. 2lt 2 15 8 15 22 29 FBb. Feb. 5 13 June 22 96 219 91 91 91 91 91 92 2lU 2,1*30 2,682 2,751 2,U36 2,550 2,636 2,576 2,291 5,805 2,382 3,088 2,987 2,872 2,8lU 2,857 5,950 1.51.1 Tax anticipation bills • Other bills . December 1958 29 .DEBT OPKRATIOHS. Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Date aubacrlptlon boolC3 were opened Date of leaue Aaoupt laauad Amount of Period to - BulJecrlptlooa Deecrlption of aecurity tendered Maturity Caah 1/ Ezcbange For caah 1/ In exchange for other aecurltlea 2/ (Tn BllllGoe of dollara) Vl/53 2-1 A* Certificate 2-1/2* Boni 1-1/2* Bote */l/58-» 5 jr 5^0/53 5/1/53 6/1/53 3-1 A* Bonl 2-5/8* Certlfloata 6/15/78-83 6/l/5*-B 30 yr 1 jr 7/6/53 7/15/53 2-1/2* Certificate 3/22 /5*-C 8/15/53 (tax aUt. 1/) 2-5/8* Oertlfloate - 2/15/53 2/15/53 2/2/53 y "•/U/SS 8/5/53 9/2/53 y 10/28/53 U/18/53 9/15/53 9/15/53 10/1/53 2-5/8* Certificate 2-7/8* ote 1-1/2* Rote 11/9/53 2 -3 12/1/53 2/15/53 1-7/8* Rote 2-1/2* Bonl 2/15/5". 1-5/8* Certificate 2-1/2* Bonl 1-1/2* Rota 2/15/5* './1/51. i/ 5/5/5^ 7/21/5* A* 2/15/5*-* 12/15/58 J/ Bond 5/17/5* 1-7/8* Rote 5/17/5* 8/S/5* 1-1/8* Certificate Certificate 1* - 8,U* 1 jr 5 jr 10 B 383 383 25 yr li 5,250 *18 5/ *,858 1,188 *18 5/ *,858 5,9oe 8,687 8/l5/5*-D 8,11* 620 620 1 TT 2,788 2,786 1 jr *,72* 2,997 121 *,72* 2,997 121 9/l5/5*-S 3/15/57-A 10/1/58-K) 3 jr 9/15/61 7 yr 12/l5/5*-B 12/15/58 1/ 2/15/55-A 11/15/61 */l/59-KA 1 jr 5 jr 5 jr i 10 1 jr 7 jrr 5 jr 2/15/59-A * jr 5/17/55-B 3/22/55 -C 1 JT 8/15/55-D ii/ 11/15/60 5/15/57-B 1 yr 6 yr 2 yr 2,239 12,5*3 10 8,175 1,7*8 8,175 1,7*8 7,007 11,177 119 7,007 11,177 U9 2,205 9,750 2,897 3,886 2,897 3.886 9,250 7i 3,73* (tai ant. 11/) 8/15/5* 8/15/5* 8/3/51' 9/«i/5l> 10 A /5* 10/1/5* uyfea/jk 8/15/5* 12/15/5* 12/15/5* 2/1/55 2/15/55 2/15/55 2/15/55 3/fe2/55 */l/55 */l/55 !i/ 1-1/8* Certificate 2-1/8* 1-5/8* Rote - 1-1/2* Rote - 1-1/8* Oertlfloate 1-lA* Certificate 2-1/2* Bool - - - 10/1/59-K) 8/15/55-1) li/ 12/15/55-R 8/15/63 */l/60-IA 5 yr 8/15/56-B 11/ 1 yr 3/22/56-A 7/U/55 2/15/55 1-7/8* Ceirtlfloate (tax ant. 12/) Bond 3* - 6/22 /56-B - 8/15/56-B 11/ - 6/22/56 -C 8/1/55 2* 5/17/55 2* Rote 7/20/55 3/5/56 2-1 A* Certificate f 12/1/55 2-5/8* Certificate l 12/1/55 2-7/8* Rote 2-5/8* Certificate 2-7/8* Rote 1 */l/56 i/ 7/16/56 8/6/56 7/16/56 8/15/56 */ 10/1/56 2A/57 3/18/57 - Certificate (tax ant. 2X/) Certificate - 12/1/56 3-iA* 1 12/1/56 3-1 A* [2/15/57 12/15/57 3-3/8* Certificate 3-1/2* Rote - 2/15/57 2/15/57 3-3/8* Certificate 3-1/2* Rote - f J I it/ 1 2/15/95 15/ 3,210 196 198 3 ) ) 3,989 3,17* 10^ ) 3,17* 2,202 10,620 821 1,720 *0 yr 2,532 1,*86 1,*86 1 yr 3 6,8*1 6,8*1 8 ) 2,970 8,778 5 yr 278 278 12/1/56-D 1 jr 9,083 9,083 6/15/58-A 2*/ 2 yr 2,283 2,283 7,219 2,109 7,219 2,109 2/15/57-A 6/15/58-A g*/ */l/6l-KA 5 jr 1** 1** 1 TT 12,056 12,056 332 1,312 B 7,271 7,271 3 B 8,*1* 1,*6* 8,*1* 1,*6* 3 B 10 I3 jr ^ V/I/57I 332 1,312 riTT 2/l*/58-A) 28^ 5/15/60-At */l5/58-B 2/15/62-A 3,221 6i B 5 TT lO/l/57-D k/l/62-KA 1 10,613 2/i*/5e-Ai 5/l5/60-Af 1-1/2* 6 2 jr 6/2*/57-C 3-1/2* Certificate 3-5/8* Rote Footnotes at end of table b lO/l/60-W */l/57 5/6/57 H 8 1-1/2* Rote 2 -3 A* Rota 8/1/57-D 2-3A* Certificate - 3/22 /57-B (tax ant. 25/) 10/1/61-10 1-1/2* Rota U/19/56 b 1 6 ^) 10/1/55 3/5/56 12/1/55 2 yr *0 yr 8 ^) (tax ant. 1-1/2* Rote r 8,*72 3,792 1,92* 1-1/2* Rote 7/18/55 U/28/55 8,*72 3,792 1,92* 1 yr 7,938 7/8/55 lO/u/55 *,919 5,359 6,755 6/22 /55-» 2* 10/3/55 *,919 5,359 6,755 1-3/8* Certificate (tax ant. 16/) 5/17/55 ^ 99 1 jr 3/15/56-A 8/15/57-C 2/15/95 15/ Certificate (tax ant. *,155 8,190 99 1-5/8* Rote Rote 2* Bonl 3* Rote 7im 5 yr 1 yr 8 yr 5/3/55 3,55^ 3,806 3,558 3,806 3 fljr 13 TT 2,*37 9*2 T,*89 5,868 5 jr 551 551 TT 2,351 6*7 2,351 6*7 * (Cootlnuad on follovlng page) Treasury Bulletin 30 .DEBT OPERATIONS. Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness - (Continued! Date aubecrlptlon books were opened Date of Issue Amount issued Amount of subscriptions tendered Description of security Maturity Cash 1/ Allotment For cash 1/ Exchange In exchange ratio for other securities 2/ (In millions of dollars) - Certificate Note Bond - 7/22/57 8/1/57 8/1/57 L 8/1/57 3-5/8j6 Certificate lift Certificate U)t Note 8/1/57 9/26/57 I10/1/57 Itjt 9/16/57 !t/ 10/1/57 11/20/57 [11/29/57 1 12/2/57 11/21/57 12/1/57 2/28/58 tit 31/ 16 - 12/1/58-D 1 yr 9,833 9,833 - 2/11. /59-A yr yr yr 9,770 9,770 3,851. 3,851. 2/15/90 1,727 1,727 2/15/61. 55m 651. l,U8i. 6,715 8/15/65 yr 1./1/63-KA 2/15/63-A yr yr 10 in 15,71.1 3,971 5/15/85 11 m 2,570 1,135 5/15/59-B 2/15/65 11 m 6 yr 1 yr U/15/58 6/3/58 3-l/'>* Bond 6/U/58 [6/15/58 16/15/58 l-l/U* Certificate 2-5/8* Bond - 7/21/58 8/1/58 1-5/8* Certificate - 8/1/59-C 7/29/58 8/6/58 1-1/2* Certificate (tax ant. Ul/) 1-1/2* Note 3/2l>/59-D -1/2* Note 9/29/58 10/10/58 3 11/19/58 fl2/l/58 112/1/58 3-3/6* Certificate 3-5/8* Note - 5 yr 11/15/59-B 1 yr 5/15/61-B 2 yr Bureau of the Public Debt. Preliminary flgurea are frcaa aubecrlptlon and allotment reports; final figures are co "clearaiwje" basis In dally Treasury statement. 1/ Conelate of all public cash aubscrlptlona and aubacrlptlone by United States Government Investment accounts. 2/ For maturing securities exchanged for the new lasues, see Table 6. i/ The 2-1/2% bonds dated February 15, 1953, '-ere reopened with all the bonda of the aeries Identical in all reapecta, as an exchange offering for the 2-l/8% notes which matured December 1, 1953Total exchanges In the two offerings amounted to $2,368 million. Exchange offering available to owners of nonmarke table 2-3/U% \iJ Treasury Bonda, Inveatment Series B-1975-60, dated April 1, I95I. For further Information on the original offering see "Treasury Bulletin" for April 1951, page A-1. Amounts ahown are as of November 30 I958. ^' The bond offering was made available for exchange of Series F and G savings bonda maturing from May 1 through December 31, 1953* 6/ Total allotments en cash subscriptions were limited to approximately $1,000 million. Nonbank subscriptions In amounts up to and Including $5,000 were allotted In full. All other aubacrlptlona were allotted 20 percent. Commercial banks* subacrlptlcna were restricted to an amount not exceeding 5 percent of their time depoalts as of December 31, 1952. The Treasury also reserved the right to allot limited amounts of these bonds to Government Inveatment accounts, which aubacrlbed to a total amount of $ll8 million. Payment for the bonda allotted could be made with eiccrued Interest at any time not later than July 31, 1953. jj Alao designated tax anticipation certificates, acceptable at par plus accrued interest to maturity In payment of Income and proflte taxes due March 15, 195**. 8/ Subacrlptlcna for amounts up to and Including $100,000 were allotted In full, Subacrlptlcna for amounts over $100,000 were allotted 6? percent but In no cage leas than $100,000. 2/ Subacrlptlcna for amounts up to and including $10,000 were allotted 1.3 1.3 13111 100 [100 100 3,567 l,l81.p 2,686p 11/15/59-H; 100 hOj 13,500p 13,500p [ 22/ 1,817 7,388 1,817 7,388 100 28/ 533 533 5,962 10/1/63 -EO 26/ 21/ 1,11*3 7,786 3,817 Bond 6/3/58 Source: 590 ll|m 115m 2it/ 100 590 yr yr 3% 10/1/58 } 5 yr 100 32/ 933 2,000 657 l.,61.8 1. U/7/58 t/ 9,871 10,U67 2,509 11/15/62 -C U/15/7't 2/28/58 './1/58 3,067 6,121 8/1/58-C 20/ 8/15/62 -B li/ 10/1/69 100 100 100 10/1/62 -EO 1-1/2* Note 2-5/8* Note !t/ 9,871 10,U87 2,509 Note 3-7/8J Bond 3-3/''* Certificate 2-1/2% Certificate Bond 316 3-1/2* Bond 2/l'*/58 12/1/57-1 8/1/58-c 20/ 8/1/61-A il/ l-l/21t Note 3-3/li)fc 2/1U/58 '2/11. /58 2/3/58 Uit - 100 100 100 100 !ii/ 7,708p 7,708p lt,079p i*,079P in full. Subscriptions from mutual savings banks, Inauremce companlea, penalon and retirement funds, and State and local governments were allotted 2U percent. All others. Including conmercial banks, were allotted 16 percent but not less than $10,000 on any cne subscription. 10/ Subacrlptlone for amoints up to and including $10,000 were allotted in full. All other aubacrlptlona were allotted 22 percent but In no caae leas than $10,000. Alao 11/ designated tax anticipation certlflcatea, acceptable at par plua accrued interest to maturity In payment of Income and profits taxes due March 15, 195512/ Subscriptions for amounts up to and Including $50,000 were allotted in full. Subscriptions for amounts over $50,000 were allotted 'lO percent but In no case less than $50,000. 13/ The l-l/8^t certificates dated August 15, 195^, were reopened with all the certificates of the aeries identical in all respects, ae an exchange offering for the 1-7/8% notes which matured December 15, I95U, the 2% bonds which matured December 15, I95U, and the 2% bonds which were called for redemption on December 15, I95U Total exchanges in the two offerings amounted to $8,1*77 million, Subscriptions for amounts up to and Including $50,000 were allotted Ifr/ In full. Subscriptions for amounts over $50,000 were allotted 50 percent but in no case lees than $50,000. 1^ The 3% bonds dated February 15, 1955, were reopened with all the bonds of the series Identical In all reapecta, as an additional caah offering on July 11, 1955, for payment July 20, 1955* The total amount laaued in the two operationa was $2,7^5 million. 16/ Also designated tax anticipation certificates, acceptable at par plus accrued Interest to maturity In payment of income and profits taxea due June 15, 1955. 17/ The 2% notes dated May I7, 1955, were reopened with all the notes of the series identical in all reapecta, as an exchange offering for the 1-1/8% certificates maturing August 15, 1955. Total exchangee In the two offerings amounted to $10,015 million. Remaining footnotes on following page. . December 1958 .DEBT OPERATIONS. Footnotes to Table 4 18/ Ig./ 20/ 21/ 22/ 23/ 2U/ 2^/ 26/ 27/ 28/ 29/ 30/ 31/ Cash Bubscriptlons for $100,000 or less were allotted In full. Subacrlptlone for more than $100,000 were allotted 62 percent but in no caee leee than $100,000. Also designated tax anticipation certificates, acceptable at par plui accrued interest to maturity In payment of Income and profits taxes due March 1^, I956. Subscriptions for $100,000 or lees were allotted In full. Subscriptions for more than $1C0,000 were allotted 19 percent but In no case leas than $100,000, Subscriptions from savings-type Investors totaled $7^9 million and were allotted 65 percent. Subscriptions from all other Inveetora totaled $970 million and were allotted 30 percent. Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted not leas than $25,000. In addition to the amount allotted to the public, $25 million of the bonds were allotted to Government Investment accounts. Savings-type Investors were given the privilege of deferring payment for the bonds, provided that not leee than 25 percent of the bonds allotted were paid for by July 20, 1955, not leas than 60 percent by September 1, 1955, Euid full payTnent by October 3, 1955. Also designated tax anticipation certificates, acceptable at par plus accrued Interest to maturity in payment of Income and profits taxes due June 15, 1956. Subscriptions for $100,000 or leas were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but In no case less than $100,000, The 2-7/8?) notes dated December 1, 1955, were reopened with all the notes of the series identical in all respects, as a partial exchange offering for the 1-5/8% notes maturing March 15, 1956. Total exchanges in the two offerings amounted to $1»,392 million. Also designated tax anticipation certificates, acceptable at par plus accrued Interest to maturity in payment of Income and profits taxes due March 15, 1957Subecrlptlona for $100,000 or less were allotted in full. Subscriptlone for more than $100,000 were allotted 29 percent but In no case less than $100,000. Also designated tax anticipation certificates, acceptable at par plus accrued intereat to maturity in payment of income and profits taxes due June 15, 1957. The 3-3/8% certificates dated February 15, 1957, and the 3-l/2% notes dated February 15, 1957, were reopened with all the certificates and notes of each serlea identical In all respects, as an additional cash offering on March I8, 1957, for payTnent March 28, 1957. Total isauea In the two offerings amounted to $10,851 million for the certlflcetee and $2,1*06 million for the notes. Subscriptions In excess of $100,000 were allotted 3I percent for the certificates and 12 percent for the notes. Subscriptions for $100, OOi or leee for both issues were allotted in full and subscriptions for more than $100,000 were allotted not leas than $100,000. In addition to the amount allotted to the public, $100 million of the notea were allotted to Government InvestTient accounts. The U% certificates dated August 1, 1957, were reopened with all the certificates of the aeries identical in all respects, as an addltlona. cash offering on September I6, 1957, for payinent September 26, 1957. The total amount issued In the two operations was $11,519 million. Redeemable at th^ option of the holder on August 1, 1959, on -Jiree months' advance notice. ^2/ ^^y ^U/ j_^/ 35/ -i-fl j8/ ^£/ Uo/ Ul/ U2/ Uj/ p (Continued) - In addition to~t^e~amounta laeued In exchange, the Treasury allotted $100 million of each lasue to Government investment accounts. Redeemable at the option of the holder on February 15, I960, on three months' advance notice. Subscriptions in excess of $100,000 were allotted 22 percent for the certificates and 28 percent for the notes. Subscriptions for $100,000 or lesa for both issues were allotted in full, and aubscriptione for In addition more than $100,000 were allotted not less than $100,000. to the amounts allotted to the public, $100 million of each issue accounts. Government inveetment were allotted to Subscriptions for $50,000 or leas were allotted In full. Subscrlptlcxia for more than $50,000 were allotted 10 percent but in no case less than-$50,000. In addition to the amount allotted to the public, $100 million of the bonds were allotted to Government Investment accounts. Payment for not mere than 50 percent of the bonds allotted could be deferred until not later than October 21, 1957. Subscriptions for $10,000 or leas were allotted In full. Subscriptions for more than $10,000 were allotted 25 percent to aavlngs-type Investors and 12 percent to all other subscribers, but in no case In addition to the amount allotted to the public, less than $10,000. $100 million of the notes were allotted to Government Investment accounts. Subscriptions for $10,000 or leaa were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type Investors and 10 percent to all other subscribers, but In no case lesa than $10,000. In addition to the amount allotted to the public, $100 million of the bonds were allotted to Government investment accounts. Subscriptions for $10,000 or less were allotted In full. Subscriptions for more than $10,000 were allotted 20 percent but In no caee leee than $10,000. In addition to the amount allotted to the public, $100 million of the bonda were allotted to Government investment accounts. Subscriptiona for $25,000 or lesa were allotted In full. Subscriptions for more than $25,000 were allotted 21* percent but in no case leaa than $25,000. In addition to the amount allotted to the public, $100 million of the notes were allotted to Government investment accounts. Subacrlptlons for $5,000 or leaa were allotted in full. Subscriptions for more than $5,000 were allotted 60 percent to savings-type investors, 1*0 percent to commercial banks for their own account, and 25 percent to all other subscribers, but In no case less then $5,000. In addition to the amount allotted to the public, $100 million of the bonds were ellotted to Government investment accounts. Also designated tax anticipation certificates, acceptable at par plus accrued interest to maturity In payment of income and profits taxes due March 15, 1959Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case less than $100,000. Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 35 percent but in no case lesa than $50,000. In addition to the amount allotted to the public, $100 million of the notea were allotted to Government investjnent accounts. Preliminary. Treasury Bulletin 32 .DEBT OPERATIONS. Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness i/ (In laoue mlllloM of dollM:») December 19^8 33 .DEBT OPERATIONS. Table 5.- AllotmentB by Investor Classes on Subscriptions for Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness V- (Continued) (In Blllloiu of dollar ) Treasury Bulletin 3'^ .DEBT OPERATIONS. Table 6.- DlBposition of Matured Marketable Issubb of Treasury Bonds, Notes, and Certificates of Indebtedness 35 December 1958 .DEBT OPERATIONS. Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Called or maturing aecurity Xl leeue date Description (Continued) ik/- Results of exchange offers Disposition offers by Treasury AoDunt outstanding Cash retirement Exchange security offered Exchanged Description of new security offered (See also Table U) Turned In for cash 2/ (In Billions of dollars) l-5/8lt note - 3/15/56-A 2/15/55 1-1/2* Bote - l./l/56-KA I./I/51 8,U72 (6,215 [2,109 1,007 1,007 1,005 2 9,1.79 9,1.79 9,328 151 11.8 2/15/57-A 6/15/58-A (2-5/8* Certificate 12-7/8* Note 2-5/8* Certificate - 2/15/57-A 7,219 of 2-5/8* Certificate (2,109 of 2-7/8* Note li/ J ,1-7/8* Certificate - 3/22/56-A 7/18/55 2,202 Certificate - 6/22/56-B 8/1/55 1,1.86 1,U86 16/ 2-l/U* Certificate - 6/22/56-C 10/11/55 2,970 2,970 16/ Note 1-1/2* Bote - 8/15/56-B 10/1/36 -K) 5/17/55 10/1/51 12,51.7 159 11/ 12,388 550 11,528 528 860 22 159 12,938 12,056 882 1,312 7,271 500 (3-1/1.* Certificate \3-l/l.* Certificate - 6/2I./57-C IB/ 10/1/57 -D [3-3/8* Certificate (3-1/2* Note 2/11./58-A 282 578 (3-3/8* Certificate |3-l/2* Note 2/1U/58-A 5/15/60-A - 2/11./58-A 2* 2* , 8,1.72 - Total 2,202 15/ 550 13,097 2-3/1.* Bond -9/15/56-59 9/15/36 2-5/8* Certificate - I2/I/56-D 12/1/55 9,083 9,083 2-5/e* Certificate - 2/15/57-A 3/5/56 7,219 7,219 2-7/8* Note - 3/15/57-A 9/15/53 2,997 2,997 1,1.98 1-1/2* Bote - I./1/57-EA 1./I/52 531 531 522 9 9,878 870 982 |6,39l. Total 51.3 920 10,71.7 10,71.7 2-3/1.* Certificate 3/22/57-B 8/15/56 3,221 1-5/8* Note - 5/15/57--B iO/l./51. l.,155 It, 1,3-2 2-3/1.* Note 8/1/57 -D 7/16/56 12,056 8/15/57-C 2/15/55 3,792 3,792 3-1/1.* Certificate - lO/l/57-D 12/1/56 7,271 7,271 8,893 1,783 1,039 3te 3-5/8* Certificate Certificate 1.* U* Note 12/1/57-E 8/1/58-C 8/1/61-A 978 327 {:: 118 3-5/8* Certificate 369 12/1/57-E 8/1/58-C 8/1/61-A -10/1/57-IC 10/1/52 821. 821. 12,056 [6,631. 1 319 r 71.3 318 1.9 U* U* Certificate Note fl.* Certificate Note 11.* fl.* 32 9,871 23,91.3 23,9'>3 10,1.87 22,866 2,509 3-5/8* Certificate - 3-3/8* Certificate - 2-1/2* Bond 1-1/2* Note 12/1/57-E 8/1/57 9,971 2/l'./5S-A 2/15/57 10,851 10,851 - 3/15/56-58 6/2A1 1,1.1.9 l,i.U9 592 350 - 1./1/58-EA 1./1/53 383 383 115 25 1./15/58 Treasury bills (Special Issue; see Table 2) 8/21/57 1,751 1,751 I./15/58-B 5/1/57 9,971 9,833 - 1,980 1,121 257 '2-1/2* Certificate Bond 3* 3-1/2* Bond 161. I9U 1.9 677 372 607 96 1,061. 2,351 2,351 796 135 16,785 16,785 15,351 357 1,1.33 - 8/1/58-C 8/1/61-A 8/1/58-C 8/1/61-A of 3-5/8* Certificate Certificate of U* Note of 1.* 3-3/1.* Certificate 31.3 - - Certificate Note 138 7,1.93 3-1/2* Certificate I./15/58-B 2/15/62 -A 3-1/2* Certificate 3-5/8* Note K 1,312 20/ 12/1/56 Total CertI of 3-3/8* Certificate of 3-1/2* Note 157 2,351 6U7 155 1 2* 5/15/60-A 3,221 12/ 3-1/1.* Certificate - 6/2U/57-C 1-1/2* Note 3-3/8* Certificate ,I.1U (8,1.11. ,1.61. ll,'*' - - S/1/57-D 2-3/1.* Note - I2/I/58-D . Treasury Balleiin 36 .DEBT OPERATIOHS. Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness &/• laeue date Deacrlptlon B«sults of exchange offers Disposition offers by Treasury Called or maturing security l/ Date of refunding or retirement (Continued) Amount outstanding Cash retirement Description of new security offered (See also Table h) Turned Exohange security offered changed in for cash 2/ (In millions of dollars) 2-7/8* Note 2 -3 A* Bond 6/15/58-A 12/1/55 "•,392 •,392 6/15/58-63 6/15/38 919 919 1,015 3,195 181 91 800 28 710 ,3,392 1U3 9,201t 351 , 6/15/58 " 2-3/8* Bond 6/15/58 7/1/52 I*,2li5 li,2li5 9,555 9,555 June *58 2-5/8* Bond 2/15/65 6/15/58 lou 21/ July "58 2-5/8* Bond 2/15/65 6/15/58 367 21/ Certificate8/1/58-O ... , Bond -9/15/56-5922/ 1.* - 2-lA* 2-3/8* Bond -3/15/57-5922/ 8/1/57 2/1A'' 3/1/52 Total Certificate- ^3-3A* 12/1/58 2-1/2* Bond Total. 12/1/58-D 12/15/58 12/1/57 2/15/53 11,519 3,818 927 927 l6,261t 16,261* 9,833 9,833 10,63itp 2,206p 660p 267P 13,500p 2,76Up . 2,368 12,201 12,201 22/ 33/ lU/ 16/ il/ 12/ 20/ 21/ 22/ P 3,299p l,276p 78OP H,787p - [2-5/8* Bond - 1-l/U* Certificate [2-5/8* Bond - f I - 5/15/59-B 2/15/65 5/15/59-B 2/15/65 5/15/59-B 2/15/65 of l-l/lt* Certificate of 2-5/8* Bond 1,817 7,388 885P l,6l2p 6,li32p 2,368 Source: Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis In dally Treasury statement. 1/ Original call and maturity dates are used. 2/ All by ijlTeetora other than Federal Reserve BanJcs. i/ For breakdown of total exchanges between the two new securities, see Table U. The 2-1/2* bonds maturing December 15, 1958, were reopened for the Jt/ December 1, 1953, refunding (see Table U), 5/ 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. 6/ It had been announced that holders of these bonds would be given an opportunity to exchange them for another Treasury issue after February 15, 195**. This exchange offering was Included In the re fund lugs of Mey 17, 195I1 Tax anticipation series; $2,669 million redeemd for taxes due 2/ March 15, I95U and $3,233 million redeemed for cash. 8/ The 1-1/8* certificates maturing August 15, 1955, were reopened for the December 15, 195^, refunding (see Table U), 2/ Tax anticipation series; $2,216 million redeemed for taxes due March 15, 1955, and $l,5l8 million redeemed for cash. 10/ The 2* notes maturing August 15, I956, were reopened for the August 1, 1955, refunding (see Table M, 11/ Tax anticipation series; $1,917 million redeen»d for taxes due June 15, 1955, and $1,293 million redeemed for cash. , 11,519 3,818 - fl-lA* Certificate f Total 8/1/58 1-l/U* Certificate [2-5/8* Bond f lOlp 1-5/8* Certificate Certificate (3-3/8* - UlUp . , 3 . -5/8* Note r3-3/8* Certificate [3-5/8* Note 1 312p 8/1/59 -C - 11/15/59-S 5/15/61-B ll/15/59-E 5/15/61-B '7,708p of 3-3/8* Certificate [li,079p of 3-5/8* Note Alao designated tai anticipation certificates, acceptable at par plufl accrued Interest to maturity in payment of Irxjome and profits taxes due June 15, 1956. The 2-7/8^ notea maturing June 15, 1958, were reopened for the March 5, 1956, refunding (see Table U). Also Treasury bills In the refunding of February Ik, I958. Tax anticipation aeries; $1,67!* million redeemed for taiea due March I5, 1956, and $528 million redeemed for caah. Tax anticipation aeries; of the 2% certificates $1,013 million were redeemed for taxes and $1*73 million for cash; and of the 2-lA% certlficatae H,£91 million were redeemed for taxes and $1,079 million for cash. During June 1956, $159 million of 2^ Treasury notea maturing Ai«uat 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 interest to maturity In payment of income and profits taxes due June 15, 1957. Tax anticipation aeries; $1,922 million redeemed for taxes due March 15, 1957, and $1,299 million redeemed for caah. Tax anticipation series; $620 million redeemed for taxes due June 15, 1957, and $692 million redeemed for cash. During June and July 1958, $1*91 million of the 2-5/8^ Treasury bonds of 1965 were purchased by the Treasury for retirement under Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C, 75l*a), Called on May lU, 1958, for redemption on September 15, 1958. Preliminary. December 1958 37 .UNITED STATES SAYIRGS BONDS. United States savlnge bonds were flret offered In March 1935 and began to mature In March 19't5. Series A-D were sold between March 1935 and the end of April ig'H, and Series E, F, and 3 were flret offered In May 19'*1. When Series E began to mature on May 1, 1951, owners of To redeem the matured bonds were offered three options: 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 A number of changes became effective for Series G bonds. The principal ones were: The rate of May 1, 1952. 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 of these changes appear In the May 1952 Bulletin, page A-1. for the began to mature on May 1, 1953Series F and exchange offering made to holders of these bonds maturing throuph December 3I, 1953, s^^ ^^^ ^^ 1953 Issue, page A-1. Sales of Series JandK were discontinued after April 30,1957. An Increase In Interest rates on Series Band H was announced on April 20,1957, retroactive to February 1. Details of the In changes appear In the May 1957 Bulletin, page A-1. 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 at current redemption values. 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 matured, when they are transferred to matured debt upon which Interest has ceased. Table 1.- Sales and Redemptions by Series, Cumulative through October 31, 1958 (Dollar amounte IQ mllllonB) .. ... . Treasury Bulletin 3« .UNITED STAIES SAVINGS BONDS. Table 3.- Sales and Redemptions by Periods, Series B through K (in millions of dollara) Accrued discount Amount outatandlng Redemptlona i/ Salea plus accrued dlacount sales price t/ ^ Accrued dlacount ^ Intereat-bearlng debt Serlee E and H combined Fiscal years: 191*1-1951 1952 1953 1951* 61,969 3,296 li,06l U,653 5,225 5,260 6/ 1955 5/ 1956 1957 1938 "•.SlS I* Calendar years: 191. 1-1951 ,670 63,520 3,575 U,368 U,889 5,368 1952 1953 WSit 1955 1956 1957 5,01.3 '',507 l.,70l. 66,673 32,167 1,111 1,120 1,126 1,123 U,1.07 l»,008 5,181 5,779 I*, 6,3118 6,371' 5,71*6 I., 51*1. 038 '',31*5 31,169 3,583 3,538 3,791 3,909 l<,730 1.25 500 551. 636 658 311,506 311,905 36,01*8 37,1*82 39,285 1*0,929 U1,1.96 5,831 5,176 5,187 11,072 li,U60 U,li72 5,252 1,120 1,128 1,126 1,113 1,12 It 68,773 31., 01*5 32,861. i<,69li 11,098 i*,157 6,015 6,U8l 6,167 li,l.lil* 3,622 3,625 3,909 1,181 U76 531 535 ,652 3,9119 7oe 11,832 l.,l6i. 668 1,1''3 5,61*9 5,1*69 U,697 772 111,398 1.1,578 518 379 396 1.63 55 111, 686 292 333 87 ltl,801 63 111,911 1*1,985 1.2,061 l,llli 1,133 1,161 5,1*96 I* 716 715 1*2 , lli2 311,727 35,321* 36,663 38,233 UO,063 Months: 1958 -January.. Fe bruary March 510 U07 U18 116 626 87 88 1.9U April May June 398 368 376 88 91 U86 U59 1*12 351* 58 383 116 1*92 lill 350 369 33 U£ July August. . September Ul8 369 115 91 533 I1I7 362 55 U2 ,258 1*60 31.0 111 552 93 1*1*5 380 397 333 1.2,338 1.8,386 October.. 378 81 1(59 1)07 351 56 U2,U38 65 23,066 22,780 21,837 20,579 19,080 16,568 506 1.2,11.2 Serlee F, G, J, and K combined Fiscal years: 191.1-1951 1952 1953 27,876 629 501 BUi 1,2U9 586 268 6/ 1955 6/ 1956 1957 1958 1951. 5,227 1,012 1,552 2,152 2,692 3,105 5.162 990 1,511 2,071 352 65 3,771- 3,612 3,226 162 28,633 686 5,771* 5,698 908 1,909 76 21 59 98 138 167 160 22,859 22 17 10,657 10,513 9 10,3113 10,179 10,025 1.17 28,293 96 108 108 108 100 726 83 65 610 9119 1,357 686 3,350 2,561. 2,91*6 21 1.1 81 128 159 121. 13,121. 9,81.2 Calendar years: 151.1-1951 1952 1553 28,169 U61. 586 100 109 110 1*32 1951. 1,261* 1955 1956 1957 907 5li2 1,3911 1*75 103 92 1,010 567 96 711 172 929 1,968 2,526 2,636 2,1.28 2,1*98 3,1.22 3,255 11,153 3,991. U80 210 U58 22 ,616 21,01*7 19,1139 17,861 111,895 10,696 Months: 1958- January Fe bruary . March .... 201* 193 195 April May June 193 187 I6B 198 16U 6 U 195 k 9,8ii2 July August. . September 208 5 153 126 203 150 121 9,655 9,516 October. lUI. 139 Footnotes at end of Table li (Continued on follovlng page) 3 9,1.06 9,277 ... December 1958 39 .UNITED STATES SAVINGS BOKDS. Table 3.- Sales and RedemptionB by Periods, Series B through K -(Continued) {In mllllona of dollara) Accrued dlBcount Redemptions 2/ i/ Sales plus accrued discount sales price U/ '2J Accrued Discount ^ Amount outstajidIne ( Interestbearing debtj Fiscal years: 191.1-1951.. 1952 1953 195l» 1955 1956 195-' 1958 61,969 3,266 3,700 3,988 U,095 U,219 3,919 3,889 U,70it 66,673 1,111 1,120 1,126 1,123 1,11U 1,133 1,161 '•,377 •.3,520 5,252 1,120 1,128 1,126 1,113 1,12U 1,1U3 506 32,167 U,008 U,032 31,169 3,583 3,532 3,765 998 U25 500 31., 55't 5,218 5,333 5,052 i(,U90 3,85't U,622 U,98l 3,961. 5,0'»9 "•,951 It ,265 ,236 636 658 716 715 36, It 56 37,186 37,898 37,969 38,067 68,773 3't,*5 32,86lt 1,181 '',513 '',098 it.lUl 3,C22 3,609 3,871 3,870 u,oei U,821 5, n't It 3'.,875 35,661. Calendar yeara: 191*1-1951.. 1952 1953 3,393 3,906 195U 1955 1956 1957 lt,oe3 U,192 U,1U2 3,875 5,03'' 5,1''9 It, It 06 31., 727 76 35,11.3 531 535 7ae 668 772 36,036 36,778 37,510 38,087 37,885 It 5,3* "1,572 5,266 5,018 U,689 5,220 521 1.97 11U3 It22 361t 276 55 87 37,909 37,967 377 315 63 38,011. 397 368 395 339 335 353 58 33 38,027 1.2 38,067 UOI 365 380 3lt6 55 32"* 1.1 316 6U 38,100 38,126 38,131 392 336 56 38,136 u,ui.9 Months: 1958-January . . February, March 335 336 UlO 390 320 299 292 115 91 l»3l» 93 390 385 316 81 397 299 297 July August. . September. October. Fiscal yeara: . . 116 87 88 88 91 116 322 April May June . 1952 1953 I95U 1105 3e,01t9 . , Treasury Bulletin ko .UWITED 3TATRS SAVIWCrS BOIODS, Table 4»- Redemptions of Matured and Unmatured Savings Bonds (In milllone of dollars) Unmatured bonds Matured bonds Period 2/ Total matured FiBcal yeara: 1951 6,137 5,109 5,621 6,515 7,251 1952 1953 195l» 1955 1956 1957 1958 817 792 1,761 2,71.7 3,91.1 ^ Series A-D 779 90 31 18 lU 7,81.6 U,263 11 8,958 it,115 8,5i»U 3,730 9 6 In exchange for Series G and K For cash 38 37 702 69I1 1,128 1,U87 1,826 1,917 1,971 1,906 1,126 1,U86 1,825 1,917 1,971 1,906 25U 968 1,328 1,500 2U9 962 1,326 1,U99 2,01.7 2,01.7 1,891 2,08U 1,891 2.08U Calendar years; 1950 1951 5,BU0 5,651 987 195a 1953 5,07'' 1,015 2,318 3,171 6,Ht9 6,985 7,301 195lt 1955 1956 1957 772 '.,230 987 518 1.7 21. lU 13 10 8,261. It 9,630 '.,156 March.... 998 590 600 April.... May June 605 551 610 July August . September 626 295 llt3 l't3 531. 523 169 336 105 167 105 167 October. 551 263 Months: 1958 -January.. Fotoruwry. . . ,21.6 378 145 1''5 1.96 2ltl 358 169 241 169 291. 152 152 189 86 110 86 110 220 ll'3 Series F and G - Total unmatured it/ 5/ Sales price U/ Accrued dlacount December 1958 ^x .OWNKRSHIP OF FEDi2?AL SECUPITIES. Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues - Treasury Bulletin 42 .OWNKRSHIP OF FEDKRAL SECURITIES Table 3.- Estimated Ownership of Federal Securities . December 1958 »V3 , TREASURY SURVEY OF CfWHERSHIP, SEPTEMBER 30, 1958 The Treasury Survey of Ownership covers securities Issued by the United States Oovernment and by Federal agencies. The banks and Insurance companies Included in the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in the United States. Data were first published for March 3I, I9IH, in the May I9I+I "Treasury Bulletin". Distribution of ownership by types of banks and Insurance companies is published each month. Holdings by commercial banks distributed according to Federal Reserve member- bank classes and nonmember banks are published for June JO and December 31. Holdings by corporate pension trust funds are published quarterly and first appeared in the March Bulletin for quarters beginning December 3I, Section I.- Securities Issued or Guaranteed by the United States Government Table I.- Summary of All Securities (Par values - In millions of dollars) 19'*^9- 195'*' , Treasury Bulletin kk- , TREASURY SURTEY OF OWHEESHIP, SEPTBfflER 30, I958 Section I.- Securities leeued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues . December 19^8 ^ , TOEASURY SURVEY OF OWHTOSHIP, EEPTIMKER 30, I958 Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest -Bearing Public Marketable Securities by Issues - (Continued) . Treasury Bulletin 1^6 . TOEASURY SUKVEy OP OWNERSHIP, SEPTBfflEKR 30, 1958, Section II - Interest-Bearing Securities Issued by Federal Agencies but Not Guaranteed by the United States Govemnent (Par raluee Footnotee 1 throiieh 10 on preceding page 11/ Includes Federal Bouelng Administration debentures; see footnote ii/. Tax anticipation eerlea. A small Indeterminate amount of these debentures la partially tax-exempt. - In mllllone of dollara) 12/ i6/ December 1958 *7 MARKET QUOTATIONS ON TFEASUEY SECUEITIES, 0CT0HE3? 31, 1958, Current market quotations shown here are over-thecounter closing bid quotations In the New York market for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of New York. The securities listed Include all regularly quoted puU.ic marketable securities Issued by the United States Qovernment except Panama Canal bonds. Outstanding Issues which are guaremteed by the United States Government are excluded because they are not regularly quoted In the market. Table 1.- Treasury Bills (Taxable) Amount ks Treasury Bulletin MAEKET QUOTATIOHS OH TREASURY SECURITIES, OCTOBER 31, 1958. Table 4.- Taxable Treasury Bonds December md ^ MAEKET QUOTATIOHS ON TEEASURY SECURITIES, OCTOHBK 31, 1958. o o a: o O in o . . . . . . ... . .. .. .. . . Treasury Bulletin 50 .AVERAGE YIELDS OF LOMG-TERM BONDS- Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods (Percent per annum) Treaeury bonde l/ Moody's Aaa corporate bonde Treasury bonds 1/ Annual series 2.83 2.73 2.72 2.62 2.53 2.61 19l'8. 2.97 2/ 3.11 3.23 3.13 3.U0 1955-Aprll. May... June.. 3.02 3.02 igitS 2.1*6 l.9^^ 2.1t7 19'''' 2.U8 2.37 2.19 2.25 19^5 19116 19^7 May June 1951* 2.UU 2.31 2.32 2.57 2.68 19U9. 1950. 1951. 1952. 1953. 2.91* 19'ih. 2.55 1955. 1956. 1957. 2.81v 1957-Aprll. May... June. 3.32 3.08 3. '•7 averages of dally series 3.01 3. Oil 2.82 3.05 July August. . . September 2.91 2.95 July 2.92 3.06 3.11 3.13 October. . November. December. 2.87 2.89 2.91 3.10 3.10 3.15 October. . November December. February . March 2.88 2.85 2.93 3/ 3.11 3.08 3.10 2.85 2.88 2.90 April. May... June. 3.07 2.97 2.93 3.28 3.27 2.89 2.87 2.89 July August. . September 3.00 3.17 3.21 3.28 2.57 2.59 1/ 2.87 2.89 2.90 October. .. November December . 3.20 3.30 . 3.1>0 3.59 3.69 3.75 2.68 2/ 2.78 2.78 i/ 2.93 2.99 3.02 1957-January. .. February. March 3.31. 2.98 October . November December 2.83 2.86 2.79 i/ 3.16 3.11 3.13 2.69 2.62 3.06 2.95 2.86 2.53 April May June 2.1.8 July Ai^uat. . September 2.1i7 1955 -January.. February March.. .. - 2.82 2.66 2.62 2.86 2.96 3.20 2.82 3.28 3.2U 3.29 October . November. December. bonds l/ 2.81 3.31. July August. . September -January . February. March .... Treasury Period calendar year averages of monthly series - Monthly series 1953 -April Moody's Aaa corporate bonds 2.5lt 2.55 i/ 2.U8 2.52 2.51t 1956 -January . . . 3.22 3.26 3.2l» 3.1*3 3.56 3.77 3.67 3.66 3.I1O 3.581/ 3.60 August. September , . , . 1958-January... February. March April. May... June. 3.63 3.66 2/: 3.73 3.57 2/ 3.30 i/ 3.2U 2/ 3.28 3.25 3.12 3.11. 3.20 2/ July August . September. 3.60 3.75 October.. 3.76 . . 3.36 Moody's Aaa corporate bonds December 195S 51 .AVEEAJE Z o — UJ S " ^ O <g o o Qin Z — < in ID I.'m <l UJ -I tf) a> <u o _J qi YIKI.T)S OF IX)NG-TEI*1 BONIS. Treasury Bulletin .INTERNAL REVENUE COLLECTIONS. Table 1.- Summary by Principal Sources (In thousands of dollars) Fiscal December 1958 53 . INTERNAL REVENUE COLLECTIONS . INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES "DOLLARS DOLLARS' Billions Billions Total* ^m''~^Fisca/ Year 75 50 25 DOLLARS' Billions 46 44 42 40 38 36 34 32 30 28 26 24 22 20 18 16 14f 12 10 e 6 4 2 Treasury Bulletin 5^ DITEPNAL REVENUE COLLECTIONS. Table 2.- Detail of Excise Tax Collections (In thoueande of dollars) First quarter of fiscal year Fiscal year Type of tax 1956 Alcohol taxes: 195T 1958 1958 1959 (jiOj-Sept. 1957) (July-Sept. 1958) l/ Distilled spirits Wines Beer 2,C62,2U2 87,751 770,561 2,116,958 88,672 765,565 2,092,183 91,617 762,660 '•95,13'* 21,590 226,656 518,297 21,601 225,993 Total alcohol taxes 2,920,5711 2,973,195 2,91*6,1*61 71*5,381 765,891 Ii5,0ii0 1.1*, 859 1,610,908 18,283 1*7,21*7 11,960 12,783 1,668,208 18,566 '•32,539 1*60,188 '•,75'^ '.719 ,"197 1,671*, 050 1,731*, 021 1*1*9,251* 1.77,690 Documentary stamps taxes 2/ Playing cards Silver bullion sales or transfers 108,031 100,61*3 102,11*1 26,1*96 29,577 6,81*3 6,882 53 20 7,286 25 1,569 9 1.593 22 Total documentary and certain other stamp taxes lll»,927 107,51*6 109,1*52 28,075 31,192 Gasoline Lubricating oil, etc Tires, tubes, and treed rubber Passenger automobiles, chassis, bodies, etc Trucks and buses, chassis, bodies, etc. 3/ Parts and accessories for automobiles, trucks, etc Badlo and television sets, phonographs, components, etc Refrigerators, freezers, alr-condltloners, etc Electric, gas, and oil appliances Pistols and revolvers Phonograph records Musical Instruments Sporting goods (other than fishing rods, creels, etc.). Fishing rods, creels, etc Business and store machines Cameras, lenses, film, and projectors Electric light bulbs and tubes Firearms (other than pistols and revolvers), sheila and cartridges Mechanical pencils, pens, and lighters Matche s 1,030,397 1,1*58,217 1,636,629 69,996 259,820 1,170,003 '*23,302 1*35,696 18,933 19,581 67,021 217.577 1U,302 9,576 6,160 15,1'*9 9,111* 5,865 Total manufacturers* excise taxes 3,'* 56, 013 3,761,925 3, 971*, 135 To bacco taxes: 1/ C Igars Cigarettes Other l,5U9,0lt5 Total tobacco taxes 1,613 19, '•12 Documentary and certain other stamp taxes: Manufacturers' excise taxes: ^ ^ 7't,58li 73,601 177,872 1,376,372 251,1*5U l,lltU,233 189,1*3'* 199,298 157,291 206,101* 11*5,797 161,096 11*9,192 11*6,1*22 1*9,078 71,06'* 1*6,891* 75,196 1,U17 16,U50 12,776 8,503 5,150 ll*,782 lit 70,11*6 1,153 1£,32'* 17,373 22,851* 71,'*53 325, 02 'i 59,912 1.8,1*05 39,379 39,398 27,987 12,252 37,667 26,955 9,326 61,1*00 15 ,'•'•9 13,632 1,568 18,282 li22 2,757 3,767 ,635 3,01*1. 2,61*9 166,720 1*37 9,897 11,255 '»,717 l*,995 3,082 1,502 63,175 19,901 26,080 90,658 22,289 22,51*6 936 5,873 5,723 3,213 1,691 22,907 6,016 6,109 ,617 l*,lt09 3,221* 9,060 5,111 1.665 1,057 1,967 1,282 1,01*5,732 929,3'*3 21*, 11* Betallers' excise taxes: Furs Jewe Iry Luggage Toilet preparations 28,261 152,3U0 57,519 83.776 Total retailers' excise taxes 321,896 , , etc etc Footnotes at end of table. 29,1*91* 28,5l*U l*,Ol*l 156,601* 156,13'* 36,007 57,116 92,868 58,785 98,158 23,0'4l 3,698 3U,337 13,961 21*. 886 336,081 31*1,621 78,01*1* 76,882 (Continued on following page) 11*, 95'* . , December 1958 55 .IMTERKAL REVENUE COLLECTIONS. Table 2.- Detail of Excise Tax Collections - (Continued) (in thoueande of dollare) Plret quBrt«r of fiaoal year Fiscal year Type of tax 1956 Miscellaneous exclee taxes: Admissions to theaters, concerts, etc Admissions to cabarets, roof gardens, etc Club dues and initiation fees Lon^-dlstance telephone, telegraph, cable, radio, etc. leased wires, wire and equipment service 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 U/ Sugar Diesel and special motor fuels i/ Narcotics and marihuana, including occupational taxes. Coin-operated amusement devices Coin -operated gaming devices Bowling alleys, pool tables, etc Wagering occupational tax Wagers Use tax on highway motor vehicles weighing over £6,000 pounds i/ Adulterated and process or renovated butter, filled cbee se and imported oleomargarine Firearms transfer and occupational taxes Other rece ipts ^ , Total miscellaneous exclee taxes Total received with returns and from sale of stamps.... Undistributed depositary receipts 6/ 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 Island possessions. Floor stocks taxes are included with the related classes of tax, 1/ Full detail on a monthly 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 conveyance, and policies Issued by foreign Insurers. i/ Beginning with the fiscal year 1957, collections reflect X958 1959 (July-Sept. 1957) (July-Sept. 1958) 1958 1957 ,018 75,8U7 5'', 683 ,255 ''7, ,171 U3,2'>1 '•2,919 13,918 11,029 5^,236 60,338 I6,7'i5 18,738 2l»l ,5^3 266,186 279,375 370,810 71,117 88,637 9,167 56,280 118,333 68,906 101* 3U7,oeli 315; ,690 35; ,681 2lU ,903 37,159 222,158 U5O, ,579 1167,978 5; ,512 18 ,535 8a ,89't 5,826 19,652 86,091 2U ,U6U 39,'t5'» 1,'«65 628 6,311 11,566 300 3,799 7,803 1,932 277 1,653 21,396 11,859 265 3,U5U 6,917 1,986 261 1,615 27,163 33,117 2it,366 25,331' 12 18 * 3 1 10 11 8,971* 3,122 759 6,566 6 ,385 15 11 6,772 51,909 106, 7U8 1,'»76 "•,398 6,070 639 9l',57i. 22, gW 972 1 ,002 5 ,805 8 ,UUl 2 ,955 35,l't3 225,809 U62,989 6,137 9,383 85,911 U6,06l 1,038 5,780 li',395 10,581i 11,733 3,139 22 1.38 1 1,608, lt97 1,718,509 1,7'»1,327 1.67,760 Uli7,6U9 10,035,ii0U 10,571,307 10,81t7,017 2,8lU,2U6 2,728,6l»6 -31,776 61»,l»01i -36,127 211,587 16,372 567 1,833 3,378 3,600 1,139 10,0(*,195 10,637,5UU 10,8lU,268 2,8U2,l»33 2,7U6,156 it/ the provlalone of the Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C. 173). The tai of 3 cents per pound, applicable to the first domestic processing of coconut oil, 1b suspended from October 1, 1957, through June 30. i960, under an act approved August 30, 1957 (26 U.S.C. 1^511). Excludes dleeel fuel not for use In highway vehicles. Amount of excise tax depositary receipts Issued, less amount received with returns and distributed by detailed class of tax. Less than $500. ... Treasury Bulletin 56 .MOEETABI STATISTICS , Table 1.- Money In Circulation (In millions of dollars except per capita flgiires) Paper money End of fiscal year or month Total money in circulation 1/ Total paper money Gold certificates Treasury notes of 1890 Federal Reserve notes 2,092 2,088 2,122 2,135 2,170 318 318 316 320 319 23,1*56 21.3 81 21., 605 221 200 77 2/ 26,231 39 27,31.8 38 37 1955 27,809 29,026 30,125 29,922 30,229 1956 1957 1958 30,715 31,082 31,172 28,767 1957->oeml»r. 31,831. 1951 1952 1953 1951* 28,359 28,127 28,372 31* 67 70 2,11.8 318 321 317 26,055 26,329 11.7 61. 2,162 2,200 133 26,31.2 120 62 59 29,721. 32 2,156 316 27,031 126 61 25,986 125 25,91.8 12U 123 60 60 60 25,81.5 26,171. 26,31.2 122 121 60 60 120 59 119 118 118 59 59 30,576 30,55k 30,666 28,516 28,U97 28,600 32 32 32 2,010 2,026 2,06U April May June 30,565 28,U90 32 313 30,99't 28,901. 32 31,172 29,071 i' 2,118 2,198 2,200 July August . September 31,171 31,371 29,061. 32 31,21.5 29,255 29,118 October. 31,386 29,21.1. . 73 180 163 33 33 32 301 306 309 1958-January. February. March .... 25,609 25,385 25,618 National bank notes {*/ 29,071 29,01.0 ^ 35 Federal Reserve Bank notes U/ United States notes Silver certificates 318 317 31k 26,011 32 32 2,172 2,170 2,161 311* 26,366 26,560 311. 26,U3l. 31 2,153 315 26,569 59 59 8 .. .. 9 3 5 December l9yS 57 .MOKETARY STATISTICS. Table 2.- Monetary Stocks of Gold and Silver (Dollear amomtB In mllllona) Gold of flacal year or month fiid (»35 per fine omce} 1951 1952 1953 195^ 1955 21,755.9 SllTer (»1.29* per fine ounce) Ratio of Oliver to gold and flilTer in monetary atocka (In percent) 23,3l»6.5 3,718.5 3,768.5 22, 1(62. 3,811.. 21,927.0 21,677.6 3,863.1 3,922.4 IU.6 13.9 Ht.S 15.0 15.3 1956 1957 1958 21,799-1 22,622.9 21,356.2 3, 99''. 15.5 1.,U6.6 It, 306.0 15.1' 1957-December 22,781.0 U, 185. It 15.5 1958-JanuaiTr . 22,783.5 22,686.2 '',209.3 '',236.2 22,39''.l '',2l'l.l 15.6 15.7 15.9 21,996.2 21,593.6 21,356.2 '',306.0 16.2 16.5 16.8 February. March April May June It, 2511.9 li, 280.0 lfi.8 July AuguBt. September 21,209.9 21,011.5 20,873.5 '',309.1 '',313.1 16.9 17.0 It, 31''. 17a October.. 20,690.0 '•,332.0 17.3 . Source: Circulation statement of united Statee Money. silver monetary atock see Table It. For detail of Table 3.- Gold Assets and Liabilities of the Treasury (In mllllona of dollara) Llabllitlea: Snd of calendar year or month Gold aaeeta Gold certificates Balance of gold In Treasurer' a account etc. 1/ 1951 1952 1953 195'' 22,695.5 23,187.1 22,029.5 21,712-5 21,662.5 22,178.8 1,032.9 1,008.2 21,5l»5.7 1955 21,690.'' 21,223.5 21,199.1 l»83.7 U89.O 1956 1957 21,9''9.5 21,'t58.3 ''91.2 22,781.0 22,272.9 508.1 1958 -January. . February. 22,783.5 22,686.2 ''02.0 1*91.2 March 22,3914.1 22,292.2 22,287.2 21,992.1 April May June 21,996.2 21,593.6 21,356.2 20,95l».6 July AugUEt. . .. September. 21,209.9 21,011.5 20,873.5 20,808.8 20,612.0 20,1*75.8 399.5 397.7 October. 20,690.0 20,292.7 397.3 . Source: Circulation statement of lilted states Money. 1/ Cd&priaea (1) gold certificates held by the public and In Federal Reserve Banke; (2) gold certificate c«dlta In (a) the gold certificate 21,596.7 21,192-5 ''91.3 399.0 399.6 ItOl.O liOl.S llOl.l find - Board of Govemora, Federal Beaerve Syatem, and (b) the redemption fund - Federal Beaerve notea; and (3) reaerre of $156.0 million agalnat Uilted Statee notea and Treaaury notea of 189O. .. 9 . Treasury Bulletin 5« .MOKETAFY STATISTICS. Table 4.- Components of Silver Monetary Stock (In millions of dcllare) Sliver held in Treasury End of calendar 7eaj- or mont^ Sliver bullion 2/ Silver dollars Subsidiary coin 1.7 3.9 6.3 U8.0 15.7 ^ 1951 1952 2,073.5 2,109.7 1953 195^ 1955 2,llt0.8 2,191>.U 301.0 289.3 278.3 267.6 253.5 1956 1957 2,208.9 2,212.9 236.3 219.0 2.3 8.2 2,215.6 2,215.6 2,219.0 218.6 218.3 217.5 28.9 35.3 April May June 2,226.0 2,226.0 2,228.3 215.5 213.3 33.6 30.7 26.8 July August. . September. 2,230.9 2,233.1 2,238.11 211.3 209.5 207.1 25.3 25.8 23.7 October.. 2,238.1» 205.1 20.8 2,171-1 1958-January February. March . 1/ Bullion for recoina^e U/ Bullion at cost 1,083.1 1,158.1 1,213.1 .3 17.6 235.it 1,283.2 3,637.0 3,886.6 3,930.1 .1 62.9 92.3 252.2 269.3 1,338.2 U,06U.l 1,1*02.6 U, 185.1. 99.1 108.5 269.8 270.1 270.8 1,1.03.8 l,l»03.7 l,lt07.8 I. 105.5 119.0 131.5 272.7 273.9 1,1.13.3 1,1.17.9 1,1.22.0 U,25l..9 U, 280.0 276.9 278.7 281.0 1,1.26.8 '•,313.1 .3 131.5 131.7 128.3 1,1.31.0 l.,31''.9 .3 136.8 283.1 1,1.36.7 1., 1.0 .3 .3 ii/ Subsidiary coin i/ 191.3 202.5 213.2 223.1 101».2 ^ Sliver dollars l/ Total silver at $1.29+ per fine ounce 82.0 2/ U5.3 30.7 11.0 16 .9 Circulation Statement of Uhlted States Moneyi Office of the Treasurer of the Uhited States. Valted at $1.29+ per fine ounce. Includes silver held by certain agencies of the Federal Government. Source: 2/ 211I.3 Silver outside Treasury In Treasurer's account Securing silver certificates 1/ Valued at $1.38+ per Valued at $1.38+ per according to whether sidiary silver coins Less than $50,000. 271*. l,2lt2.7 1,U25.1. 3,71.1.3 3,79l'.l ,209.3 l.,236.2 1. ,21.1.1 1., 306.0 1., 309.1 332.0 fine ounce. fine ounce or at $1.29+ per fine ounce the bullion Is held for recolnage of subor for recoinflge of standard silver dollars 7 3 . 5 7 9 9 U 1 December i958 59 .MDHETAEY STATISTICS . Table 5.- Seigniorage on Silver (emulative from January 1, 193; - 1° Bllllana of dollars) Sources of seigniorage gd silver bullion revalued 1/ Sel^iorage Knd of calendar jear or month on coins (silver and minor) Revlj mined silver Misc. silver ( Incl silver bullion held . Jme 111, lfl.5 l>8.7 k6.1 63.7 69.5 91.7 li8.7 1.8.7 1.8.7 1.8.7 19'tl 122.2 182.1 U8.7 U8.7 1935 1936 1937 1938 1939 19'>0 Silver Purchase Act of June 19, nationalised silver (Proc. of Aug. 9, 193'i) 193"*) 226.2 302.7 366.7 3't.7 16.6 36.0 58.0 1.57.7 31.. 71. 530.7 31. 562.7 31.. 31. .5 31.. .7 580.1. 31.. 19U2 21*5.7 31.. 299.6 362.3 1.8.7 1.8.7 1.8.7 581.. 19'>3 19kit 38. .3 31.. 581. .3 31.. 19k5 ''29.5 U8.7 "•91 .9 520.5 559.2 578.7 1.8.7 1.8.7 1.8.7 701.6 832.1 832.1 832.2 833.6 31.. 19l>6 19l'7 19Ue 19't9 U8.7 1950 1951 1952 1953 596.6 6U2.3 1.8.7 1.8.7 6911.2 U8.7 7W.2 195't 792.9 807.0 839.6 890.3 1.8.7 1.8.7 1955 19^ 1957 1.8.7 1.8.7 1.8.7 1958 -January. February March 895.3 901.3 907.9 1.8.7 April... 913.2 917.9 920.0 U8.7 . . ••"7 JtBie .... July.... August ... U8.7 1.8.7 1.8.7 U8.7 U8.7 921.2 923.3 1.8.7 92lt.6 1.8.7 f^clamatlcn of Dec. 21, 1933 833.7 833.7 833.7 833.7 833.7 833.7 833.7 833.7 31.. 31.. 31. .7 31.. 31.. 31.. 31.. 31.. 31.. 31.. 31. .7 3'. .7 833.7 833.7 833.7 31.. 833.7 833.7 833.7 31. 833.7 833.7 833.7 Souroo: Bureau of Accouate. 1/ Theae itema repreeeot the difference between the coet ralue and the Bonetarj Tali«9 of sllrer bullion revalued and held to eeciire silver certlflcatoQ. 7 31.. 7 31.. 7 31. .7 .7 31.. 31. .7 31.. 31.. 2/ Acts of July 6, 1939, and Jul; 31, 19>>6 Total selgnlorsge CD silver revalued Potential seigniorage oa silver bullion at cost in Treasurer's aocotfit 2/ 326.2 271*. 1.22.1 397.5 51.1.6 .2 506.1 616.0 705.6 87.6 87.6 87.6 87.6 87.6 25.7 759.1. 1.8.3 799.7 818.9 820.6 820.7 1,055.6 1,089.0 87.6 87.6 87.6 87.6 87.6 65.5 66.5 .9 87.3 I. 63.6 65.3 65.1. 71.. 81. .6 93.5 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 101.. 758.8 950.6 1,01.8.2 967.3 717.3 938.1 1,069.6 1,077.6 1,087.8 1,098.1 333.2 161.2 1A6.8 129.9 127.2 111.7 61.9 57.2 131. .7 1,109.3 1,119.2 1,130.0 1,139.3 11.3.8 1,11.8.1. 6.6 150.8 155.2 1,155.1. A.i 156.1. 1,159.8 1,161.0 50.0 72.9 87.6 87.6 87.6 157.2 157.2 158.2 1,161.8 1,161.8 1,162.8 79.8 81. 80.6 87.6 87.6 87.6 160.3 160.3 161.0 1,161. .9 1,161.. 60.9 92.5 97.6 87.6 87.6 87.6 161.8 1,166.1. 101.9 I6e.l. 1,167.0 1,168.6 101. l6li.o UU.6 125.1. 1,165.6 31. .9 99.8 The figures In thia coli^ are not cianilAtlTe; as the aaouit of bullion held chaneee, the potential aelgnioraee thereon ohangea. Treasury Bulletin 60 .CAPITAL MOVEMENTS. Data relating to capital moveraenta between the United States and foreign countries have been collected since 1935, pursuant to Executive Order 656O of January I5, 193'4., Executive Order IOO33 of February S, '+5-'*7Ae a result of changes In presentation Introduced in that Issue, not all breakdowns previously pages published will be exactly comparable to those now presented. 13^9, and Treasury regulations promulgated thereunder. Information covering the principal types of data and the principal countries Is reported monthly, and Is published regularly Supplementary Information Is In the "Treasury Bulletin." published at lees frequent Intervals. Reports by banks, bankers, securities brokers and dealers, and Industrial and commercial concerns In the United States are made Initially to the Federal Reserve Banks, which forward consolidated figures to the Treasury. Beginning April 1954, data reported by banks In the Territories and possessions of the United States are Included In the published data. The first three sections which follow are published monthly. They provide summaries, by periods and by countries, of data on short-term banking liabilities to and claims on foreigners and transactions In long-term securities by foreigners, and present detailed breakdowns of the latest available preliminary data. Section IV provides supplementary data In five tables which appeetr at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non- flnanclal concerns. Is published quarterly In the January, April, July, and October Issues of the Bulletin. Table 2, The term "foreigner" as used In these reports covers all Institutions and Individuals domiciled outside the United States and Its Territories and possessions, the long-term foreign liabilities and claims reported by banks artd bankers, and Table 3. estimated gold reserves official Institutions of foreign countries, wherever such Institutions may be located, and International Institutions, are published quarterly In the March, June, £ind dollar holdings of foreign countries and International maturities. A detailed discussion of the reporting coverage, statistical presentation, and definitions September, and December Issues. Table h, 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 In- appeared In the Jime 195'^ Issue of the "Treasury Bulletin," stitutions, organizations. "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other Is presented annually in the April Section I - Summary by Periods Table 1.- Net Capital Movement between the United States and Foreign Countries (in millions of dollara; negative figures indicate a net outflow of capital from the United States) Analysis of net capital movement Calendar year or month Net capital movement Changes in liabilities to foreigners Short-term banJiing funds Transactions in domestic securities Changes in claims on foreigners Short-term Issue. . . 3 9 . 9 3 3 5 9 U 5 . December i95S 61 .CAPITAL MOVIMENTS. Section - Siimmary I by Periods Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners (FoBltlon at ecui of period In mllllooa of dollare) aiort-term llabllltlea to foralgnera Fajrable In dollara &id of calendtir year or month Foreign official 19'»2 1» 19^3 5, 371*. 19'>'' 5,596.8 6,883.1 19^5 19^6 m7 191'8 ,205.11 .1. 1,91.7.1 2,036.7 2,239.9 2,678.2 2,922.0 1.73.7 1.0.6 2,972.7 2,262.0 2,91.7.0 1,861.. 1.9.7 70.lt 3,001.0 1,657.8 1,527.8 l.,179.3 3,01.3.9 7, 116 1,832.1 2,836.3 2,908.1 3,620.3 .It 1950 1951 8,61.U.8 9,302.2 3,51.7.6 3,'»51.7 .,01.1.2 1952 1953 10,51.6.1 11, 61.8. i» i.,65l..2 1. 195I' 12,918.6 13,600.7 ll*, 939.1 1955 1956 1957 5,666.9 6,770.1 6,952.8 13.9 17.9 21.6 25.5 51.0 1.1. .9 Payable In dollare Loana to foreign banke 21.6.7 72.0 11.3.7 30.9 257.9 329.7 392.8 708.3 86.1. 137.2 169.7 31. .U 5'' .6 100.3 319.6 21*5.0 290.5 ^7.5 98.1 9l»8.9 292.9 1.90.6 165 .U 1,018.7 827.9 898.0 361.2 222.7 151.1 177.2 1,61.1.1 72.2 968.1. 1,581.. 61.1. 1,01.8.7 l.,308.U 1,629.1. 1.3.7 901.. l>, 1,769.9 1,881.1 1.3.2 1.0.3 1,386.5 l.SkS.S 1,9^5.7 2,229.5 ,21.5.6 335.1. l.,726.5 Payable In foreign currenclea 105.1. 122.9 156.5 206.5 328.1 557.1 100.1. 1.91.. 110.8 2U0.6 91.8 506.3 699.1. 8I.7.5 78.1. 61.6. 101.6 969.0 1,056.5 1,390.8 1,675.3 211.0 1,761.. 137.1. 1,771.3 1,780.9 12U.5 156.3 163.9 IU9.6 1^7.3 8,01.5.". 5,392.8 1/ 5,665.3 1/ 1,1.52.1 15,151'. 1/ 7,912.6 1/ 1,517.3 ue.8 59.0 8,017.3 8,117.8 8,016.3 5,652.3 5,673.3 5,718.5 1,618.8 1.9.2 2,265.9 1,1.70.6 1.8.5 2,21.9.2 March 15,337.5 15,310.2 15,182.0 1,376.7 70.5 2,303.3 363.6 353.3 366.1 April Ma; 15,058.7 7,951.0 5,61.7.2 l.STS."* 376.9 1,889.5 171.1' 7,91.1". Iir 5,660. 5r 1,521.7 2,510.2 USl-li 15,270.3 7,927.0 5,8U.8 l,l.5U.l. 87.0 87.3 77.2 2,1.37.8 15,21li.O June t 2,1.78.8 1.52.0 1,912.1. 1,85".. 7 166.3 172.2 15,385.5 15,668.1 15,621.3 8,101.1. 5,752.6 5,766.8 5,685.9 1,1.62.9 l,l»31.9 1,1.77.6 68.7 2,519.9 '•''3.5 8,397.1 8,378.9 72.3 78.9 2,59l>.0 i.ee.9 k65.3 1,895. 1,932.5 1,890.1 15,9l'5.5 8,660.5 5,772.0 1,1.36.2 76.8 2,572.1 2,607.3 ''51.7 l,92l..l 181,0 178.5 216.6 231.6 1958 -January.... February . . July Al^ust p. 1/ International 3,320.3 3,335.2 6,1480.3 7,718.0 7,618.0 19't9 2, 21.1. Other foreign Short-term clalma on forelgDcra Payable In foreign currencloa . SeptemteX' p. October p. . Beginning In August 1956 and again In April 1957, certain accounts prevlouflly claaalfled aa "Other foreign" are Included In "Foreign official." p r 1.05.1. 1.06.9 Preliminary Bevlaed. Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners (In mllllone of dollare; negatlre flgurea Indicate a net outflow of capital from the Utalted Statee) Treasury Bulletin 62 .CAPITAL MOVIMEMTS. Section Table 4. I - Summary by Periods Purchases and Sales of Long-Term Foreign Securities by Foreigners . .. . December 1958 63 .CAPITAL MOVBiEHTS. Section II - Sunwary by Countries Table 1.- Short-Term Banking Liabilities to Foreigners^ (gMltlop «t «ad of p»rtod In Calendar year Country 195^ 1955 Exirope: Austria Bel^lim 273.2 99.8 CzechoalOTcUEla Denmark Finland Franca Germany, Federal Republic of. Graece Italy Netherlands Norway Poland Porti^al Rumania YugoalaTla Other Europe. .7 60.0 19.3 715. I* 1,080.6 1,372.5 112.5 578.6 2U9.3 l,ii5U.li 103 .U 81.7 2.5 131.8 8.1 91.3 7.8 71.3 Sweden Switzerland. Turkey U.S.S.F mlted Elngdcm. . Total Europe. Canada Latin America: AX^entlna. BollTla... Brazil Chile Colombia. Cuba Dominican Republic Guatemala Mexico Netherlands W. Indies and Surinam IH.O 672.1. 13.0 197.1 5,620.5 1,535.7 160. 1» 29.2 119.6 69.6 222.2 236.7 60.lt 328.9 li8.7 Total L&tln Aaerloa. 1,905.9 73.8 83 .k 30.lt 35.7 60.8 86.9 100.3 31."i Israal Japan Korea, Republic of. Philippines Taiwan 721.0 95.6 257. It 3^.3 Thailand Other Aala 23lt.l Itl.O 123.1 1,821.5 International. Gztmd total. 152.9 756.7 8.7 8.6 358.8 Aala: Total other comtrles. lOli.U 550.0 90.3 193.6 12i.l Other coictrlea: Australia Belgian CcDgo Egypt 2/ Uilon of south Africa. All other 175.7 785.lt 163.7 8.2 1.8 639.5 Panama, Republic of. Peru El Salvador Uruguay Venezuela Other Latin Aaerloa. China Mainland. HODg EODg India Indonesia Iran 108.3 .7 71.1 •1.3 2.1 Spam 260.8 "17.7 lt3.6 1.7.1 32.7 9I1.0 265.1 1,769.9 12,918.6 .7 imoM ofdoLUn) Treasury Btdletin Gk .CAPITAL MOVEMENTS, Section II - Summary by Countries Table 2.- Short-Term Banking Claims, on Foreigners (PoBltlon at end of period In mllllone of dollare) Cftl«Ddar Tear Country 1955 1951* Europe; Austria .U Bel^lisn 19.6 • Czechoslovakia Denmark Finland 9.7 2.5 Prance Genoany, Federal Bepublio of. Greece Italj Netherlands 111.8 70.2 3.3 19.7 15.9 Norway Poland Portugal Binumla Spain 2.1 li.O Sweden Swl trerland Turkey U.S.S.F mited Kingdcm It.l , , , , Yi^oslavla Other Europe , Total Europe. Latin America; Argentina. Bolivia.. Brazil.... Chile Colcnbla. Cuba Dcnlnlcan Republic Guatemala Mexico Netherlanda W. Qidlea and Surinam Panama, Be public of. Peru El Salvador Uliiguay Venetuela Other l^tln America. Total lAtln America. Aela; China Mainland. Hong Kong India Indoneela Iran , Thailand. Other Asia. . Other countries: Australia Belgian Coogo Egypt 1/ UbloQ of South Aflrlca. All other Total other coxmtrles. International. Grand total. 173.5 1.3 ''.5 Canada Israel Japan Korea, Bepubllc of Rilllpplnea Taiwan 16.2 U0.7 1956 1958 1957 April May July August p September p October p . . . . December i95S 65 .CAPITAL M0VH«e3lTS. Section II - Summary by Countries Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners [In thousands of dollare; neeatlve figures Indicate net sales by forelgnere or a net outflow of capital from the United States) Calender year 1958 Countr^r Europe: Austria Bel^l\jii Ctechoslovalrla, Denmark Finland France Germany, Federal Republic of. Greece Italy Netherland e Norway- Poland Portugal Bunanla Spain Sweden Switzerland Turkey U.S.S.E Uhlted Kingdom Yugoslavia Other Kurope Total Europe Canada Latin America; Argentina. Bolivia... Brazil Chile Colombia. 195^ 1955 1956 li,060 -2,903 13,311 768 -6 -5 31 -39 25,355 9,886 -1,810 -52 -610 -28 -98 118 -1,196 1 -59 -702 -37 -256 1,923 -1,685 8,761 811 -120,635 6,596 9,5^3 3,012 -892 1,655 -511. 61 672 1,957 1,173 35 '•3 -1.25 I* ,869 -22 393 1,582 16,992 -1U8 -101 -616 -3'', 339 1,U6U -98 April 1957 -6,891. U22 17,695 -U2,lt27 1.7,580 37,977 July -71k 25 2 -807 981 15,093 -k,6lk -k,01k 3,130 l,0k5 6,291 -3,687 -6,925 -9 157 -21 -5 Ilk 39 6 39 ,'•16 19,OU6 37 -9 2,261 1,603 l.,l.9U -89 800 -361 663 1,001 -651 99 176 105 -287 -1,00k J.7 -62 19I. 73 ,'•02 l,itl6 1U7,1.87 233,939 6,111 98,302 -9,1''3 3U6 -7 79 -13 -12, '•7k 9 -3,96k -19,197 18 69,766 96,025 7,659 79,027 2,U08 3U7 -25,903 -la 120 -165 3 77 -186 5,37U 23,161 -1,386 -lU -15 -153 138,928 329, U7 161,019 291,273 -3,7''0 -10,829 -k6,623 187,195 26U,825 -123,507 -8,357 -15,796 -6,373 -10^, 92k -938 202 930 108 1,110 3,782 1,U60 3,066 1,255 -1.85 1192 -1.1.6 1,832 21 130 1,69U 669 963 1,292 53,677 -53 9,087 778 -8,738 -20 -lUl 2,128 -29 '•,723 ''13 1,979 -'.71* 2,260 -27k 3 -13k 132 -339 -103 77 -23 ,727 -36,338 1.08 -31 78 2,028 -J.6U 2k -50 -772 -1,27k 110 65 -350 -62 12 -380 Cuba Dominican Bepubllc Guatemala Mexico Netherlands W. Indies and Surinam 8U,255 265 -1,267 62U -3,137 1,190 3,903 3,610 982 602 k82 Panama, Republic of. Peru El Salvador UTi^uay Venez ue la Other Latin America. 13,339 -119 JiO 3,016 -1,789 670 -57 52U 642 l,OkO 257 2 121. '.,185 36 U66 112 -15 3,72'^ 3,6^9 8,025 3,769 l,i^83 7, '•''5 -261. 125 -5U -237 55 -902 -620 -1,589 36 -1 187 -957 -359 Total Latin America. 113,179 76,166 33,859 8,117 -22,591 -37,231 -k,k2i 153 5,52'' 219 -2,335 -31 591 -69 821 -Ik -6k -hOK 5,300 789 1.9 4.53 u -2 -37 -7118 15,1'*0 -llt,777 85 22 30 6,1.03 801. -157 198 669 Asia: China Mainland Bong Kong India Indonesia Iran -uou 5,393 -il 20 117 91. 9 11 -550 1,063 2U -1,079 -785 1,751 706 1,096 15 -181 -1,69U -99 -1,181 116 Ik -303 32 15k 207 9I.5 -1.38 -756 -493 -16 -'•20 -399 13 -23 k7 67 Thailand.. Other Asia. -lUl 758 25'. 15k "•,857 6,0U8 5^5 9,577 1,179 1 -69 -3,535 Total Asia. 3, '•SI 29,121 -1,1'.6 1.,610 71 85k -3,795 168 -20 31.9 191 2 -213 -17l^ 36 -9 60 77 126 -36 210 -7 56 2 Israel Japan Korea, Republic of. Philippines Taiwan 8 Other countries: Australia Belgian Congo Egypt 2/ mico of south Africa. All other 2,326 128 -21 6,076 Total other countries. 3,225 6,56U International Grand total. 1/ 2/ 5'»1 32 2 287 1.1.1 1.,11U 3,1''9 I. 3 5 19 -52 k8 3,553 u,eo6 1,901 -37,25k -51,576 77,730 -20,561 8l,7'.5 Ii»9,3l8 665,232 156,351 l'^l,776 Not reported separately prior to March 1951. Part of united Arab Republic (Egypt and Syria) since February 1958. 5 -10 -2k2 -157 ,381 -157,'^20 10 August p September p Treasury Bulletin 66 .CAPITAL MOVEMEHTS. Section II - Summary by Countries Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners (In thouaands of dollars; negative figures indicate net gales bj forelgnere or a net outflow of capital from the United Statea) . .. December 195S 67 .CAPITAL MOVEMENTS. Section III - Preliminary DetaUs by Countries Table 1.- Short-Term Banking Liabilities to Foreigners as of October 31, 1958 (PwltlcB Is tbooMiidl of dollua) ^cort-tarm llabilltlea pajabla In dollara To foral^ banln end official Inatltntlow Total Country eiiort-t«ni Oapoelta , Bel^lUB U25,136 1»22,300 1.07, 5^6 107,90li 58,6Ui 253 1.2,365 l»92 162,155 ll'8,298 70,82li 69,165 C z echoe lorakla FliOandl Franca Gaiaany, Fader&l Eepulillo of. Creaca Itaiy Batharlands., ,,, Homv 1.68,366 1(08,57'' l.TSS.SS* 116,890 1,151,956 330,185 1,725,8^9 105,767 1,119,31'. 305,736 253 78,817 50,537 270,213 650,100 3'.!', 1*85 16,1.58 ll',ll'2 13,651 1,232 91^,939 955 602,891 2l'5,576 Yugoelarla Otiiar Europe... 8,727 6911,312 8,^27 667,1'U Total £uropa... 7,61.7,387 6,788,970 2,059,862 1,781., 71.0 1,206,8911 , 13,605 27,820 695,70" 163,156 758 28,090 , 161., 581 ''9,700 77,883 118,395 130,333 281,387 802,533 , 1,902 1,2118, OOU Svadan SvltiBTland Turkay U.S.S.K Ibltad ElagdoD. '',131* U.S. Tyeaaurr bllla kA cartlflcataa 176,609 288,651 68,069 3,791 127,631 328 11,115 107,59"' ,. Folaul Foz^t^al Rrlinla Spain 61,986 aiort-taia llabilltlaa pajabla In all otkor foralgnars U.S. UabUltlm Europo: Austria 1>o 201' ,1' 75 Othar RitaX Oapoalta forel^ TMaanry cmranclaa bllla aid cartlflcataa l'',75" l'.,37" 2,825 2,823 1.6,882 '.2,U80 1,0"6 19,781 5,023 239 13,826 1,659 239 12,175 1,656 911 58,985 3, "76 32,609 23,905 51,797 12,387 10,816 23,355 20,517 6,060 3,259 3,712 1,212 307 1,17" 129 37,160 1,336 692 27,'.90 189,191. 61. 305,215 12,21.7 ,209 11,123 11. 381 7"0 31 3 610 1,171 251 39,388 3,51.0 3''3 3'.3 12'', 197 3,1.3'. 36,85" U30 16,953 36,229 "30 16,581 536 137 235 11,109 10,31.0 11.9,61.7 10", 903 570 15,078 199 29,666 2,208 277 130, 3"6 139,756 "2,656 It ,912 328 10,557 69,111 556 168,500 133,326 32,602 172,289 339 ,''65 9 17,850 2,206 277 312,758 ll»0,3l'5 398,766 60 128,300 300 26,871 300 21,355 2,698 2,616 2,39'' ,''58 3, ''''9,335 9^5,177 805,1.00 538,717 177 ,"93 89,190 567,''17 10,1.29 260,150 203,073 36,70" 18,373 58,633 90 172 536 121 ","0C 631 620 1.91 91.6 e,3''7 U 2 5,356 1,007 18,"76 Xatln Aaanca: 75,568 6,675 7U,879 6,6^1 689 3'. 15,'.79 3U 1'0,929 16,U69 111,080 15,632 110,307 3,282 837 85,953 57,767 58,861 58,007 15,358 81,381 57,015 58,167 11.9,11.2 103,050 20,355 ''3,399 2,693 19,9'»5 2,000 2U7,131 3,39'' 30,79'' 6,800 5,215 1,352 7,97k 129,297 21,993 17,637 130,589 30,080 123,311 21,972 17,"17 123,836 16,169 5,1"7 ",715 235 '.5 U8,306 96,322 5,061. 629 l.3,6"0 ".1,325 13" 2,200 13,916 '.1,605 H'8,31.7 7" ,893 13,792 35,376 l"3,a2" 71,116 ArgoBtlna. BollTla. . Eralll.... Chlla ColCHbla. I3I1 ,21.2 Cuba Dcalnlcan Bapobllc GuataMLla Maxlco latharlanda V. Indlaa and Surinam. 278,1.39 U2,1.8l Fao^B, Bapoblle of 11.2,681 21., 31.7 2'', 067 Pam 70,119 25,783 82,901 581,805 26,277 11,865 1.1,276 ''33,306 136,1.58 57,309 25,61.8 8,2'.5 38,81.8 1.32,327 ''6,105 2,39'', 756 1,3''2,718 1,21.1., 903 36,W.2 29,872 35,706 60,663 97,321 31,855 29,535 22,151. 130,337 71., 21.0 169,965 11 SalTador Oniguar Tanaxuala Other Latin tearloa Total Latin Jtwrlea 1.1., 797 382,706 20,U88 27,160 251,877 75,61.8 1.5,568 1.1., 773 133 661 21 5,325 120 100 1,606 7,196 2,9"6 1",920 2,361 126 ",736 1,091 831 978,U08 2", 170 kk,620 6,570 27,713 lk,263 15" 111,263 2,U9 2,U9 5 1,1.20 2,1.23 6,700 l',50l' 6U,833 32,982 1,01.7,198 6,570 27,923 50,900 337 3,590 1,172 1,175 l>8 3,353 3,353 7,525 2,709 17,201 1,997 2,708 16,930 1,997 21,229 6, "62 979 121 5" 1,"93 3, "32 Aala: China Mainland. HOG^ EOQg India Indoneela Iran 63,61.5 75,635 99,W.O 35,208 laraal Japan lorea. Republic of. Pblllpplnee Taiwan 32, U6 59,'.91 '.5,2''6 31,807 88,738 27,879 587,132 125,956 126,986 88,698 6,8oe 281,127 1,000 1,725 30 132,316 290,256 50,1^.9 230,301. 66,300 ''3, 32'' 15,567 16,628 2,118,687 1,9T'.89'' l.''35.599 1.51.208 68,067 76,801. 71,258 30,798 18,975 33,665 32,700 10,070 '..893 l'',398 5,000 500 33 9, ''83 20,761. 1.2,206 918,308 901,101 129, ''53 127,'. 56 158,925 95,566 137,^01' Thailand Other Aala 136,336 jzk.aeo Total Aala 32,8I'2 500 8,693 10 21,1.60 6,828 U,016 1 271 185 330 3'>,229 k,0l8 33,920 98 2U U8,690 lkl,302 787 601 3,683 586 97k 2,759 29,319 3,79s 566 97k 2,758 27,501 85 275 1 1,5"3 35,617 360 l,5"k Other countrlee: Auatralla Belgian Congo Kgnrti/ union of South Africa. All other 31,38U 19,958 29,636 130,821 100,527 18,950 21,607 90, 5^'' Total other countrlee. 288,603 21.8,196 179,16'' 1.6,270 1,1*36,187 1,1.36,152 25^,36* 1,161,786 15,9^5,1' 82 13,575,672 6,715,382 5,762,851 IntarDatlooal. Grand total. "iT , 26,61.0 Part of mited Arab Sepubllc (Egypt and Sjrla) eloce February" 1958. Data on llabilltlea to Syria are reported annually and 6,330 25 37,521 35 1,097,1.39 2,292,99'' 35 1,897,117 2"1,5"9 15k ,326 appear In Section IT, Table 5, In the April laaue of the Bulletin. Treasury Bulletin 66 .CAPITAL MOVBffiHTS. Section III - Preliminary Details by Countries Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1958 (Toaltlon In tkooMiida of daUara) Shoart-t«xm elalaa p^aU* Collaotloaa out«t«adlag for aw& ftooount «oA flniatlo Total CQUDtX7 •lMart-t«aa oledai Tot^ Short-taiB olalaa pa^akla In ror«l«D onrrenoiea In Aoll«r« Forvl^ offlolal InstltBtla Dapoalta of ropcrtliie Othw doaaatic onatnawra with foorai^uax'a Knropa: Austria B«2«llM 8,671 72,166 868 7,291 3,58a 8,669 71.610 888 7,172 3,563 92,685 2.229 31.0 50,1.31 8,286 883 1,152 33 157 13 2,202 10.982 2,1.1.9 9,511 39,861 90,553 80,653 9.510 38.955 atharlanda 1.9,003 1.8,322 lorwaj Poland Portugal BiBuula Spain 20,0U9 5,273 1,866 CzeohoaloTalcla. Oooaajic yinland Franca SarBanj, Tsdaral Bapuhlle of. araeoa Italy Svadan Svltzarland Turkay U.S.SJ) Oaltad rii«d<» , 6,113 2 556 2 526 2.165 1.031 3,822 2.362 119 19 116 79.625 2,132 22,731 1,617 22,353 1 906 681 881 59k 1,286 6,778 l.,8ll. 5 k 3,01.7 18U 15,532 2.1.88 6.277 22,107 6,075 9,351 ".,202 27.068 11,1.80 5,572 19.798 5.273 1.830 901 108 93 3,71.1 2.623 2.699 1.166 12.533 501 251 171 1.1.3 36 36 57,591 56,869 1.7,181. 1.323 893 7.1.69 722 722 12.599 38,327 71,881 72 123,985 12.11.1. 398 12,598 68,363 1,U9". ".,003 l.,653 6,2U9 1,27U 1.55 1.1.7 8,752 8,668 103, 38U 29,575 Tl,8l6 1.975 1,965 128 11,050 9 ".5.589 20". 11,581. 5 5 8o,o".o 7I..631 3,1.1.3 72 72 1.3,91.5 18,695 2,982 17.226 Ti^oalarla. . Other Europe. '1,517 853 ..306 625 2.355 810 1,103 223 Total Soropa. 783,995 606,376 239.825 67.885 105,21.6 193,1.20 117,619 110.973 277.731 17'>.531 17.".'.9 121,360 7.793 27.929 103.200 98.788 11.121 19,"'53 853 "»3 5,01.2 200 Latin Jlaarloa: Argentina. 3"»,653 3,051 3,01.8 2,8U5 600 1,202 Bolina. . BrazU.... 83 2.3".5 20 3 16I>,312 l6l.,Ol.5 Ult,25l. 22,975 77,172 6,791 3". 1.7,300 56,639 56,623 1".,199 27,535 9.398 20.783 267 "•7,301 15,08U 8.136 6,99k ll.,6U7 1 16 1 11 151,23U 150,882 l'..l.38 16,199 352 310 18,761. 9,11.8 98,571 5,000 30 21,671. 18,761. 3.075 6,226 3.331. 289.55". 106,1.25 3.71". 1,297 7,355 857 63,868 911 266 2,625 2,528 17.723 1'>.659 5,1.1.9 3.359 2,398 135,'.1.2 22,957 31,027 9.987 53.569 132.257 1.8,913 1.8.866 20,182 3,108 31,866 12,598 25.91.2 6.891 3.320 31.063 35,605 7,218 1,082,016 1.076.362 339,561. 198,658 216.925 2,"»75 2.".75 2,1.75 5.393 7,979 166 5.139 7.782 165 2,51.1. 907 98 28,810 28,11.3 381. 21,668 195.8^2 21,661 195.272 1,1.06 1.1.06 1.987 79.281 IBI 39.1.17 39.1.10 6.071 6.071 32,261. 5,61.7 ll.,302 106.1.36 Chile Col«abla. Coia DoKlnlcan Republic Gnataanla Max loo atharlanda Ueat Indlaa t Snrln^. Faaaaa, Bapnhllo of Para Kl SalTador Cbruguay. ........................... TanaKUala Other Latin JhMrloa Total Latin Anarloa. 9,182 291.230 3,715 22,959 3l,OU3 9,987 53,591 3^,621 "..078 780 25,".56 1,".88 3,32". 17,1.33 "U,6ol. 2.035 93,805 18 32 3". 30 1.676 1 1,21.0 2 16 16 22 3.185 7 313 1.61.1. ".7 ".3 319.215 5.65» 2.025 1,666 2,705 165 27.703 22 830 25". 38 197 19". 51 667 1.88U 17,290 91,709 7 570 Aala: China Mainland Bong Kong India Indoneela.. Iran larael Japan Korea, Republic of. PhlllpplneB Taiwan (Formosa)... "..1".9 5 500 3.178 21,10". 1 13 1,225 210 1.30". 2 73 Thailand Other Asia U8.906 Ik ,302 116.631. Total Asia 1.1.2 .1.37 ".1.0.1.60 2'' ?,?6y 5.'*27 Aua tral ia Belgian Congo 13,791 12,528 ".,178 l.,l6l. ECTPti/ 3.225 36,396 21.726 858 10 2.520 26.551 7,732 565 11.0 U&ioo of South Africa. All other 3.568 36,686 22,938 2.871. 6,585 8.381 Total other countries. 81.161 78.039 37.671 7.776 2,607,3»O 2.375,768 880,078 koi.106 10.221 2.530 2I_ 5.632 3U9 3 U.069 1.551 6oe 271. 71.'>28 llfi-036 1.977 1.1.9 5.520 6,11U. 1.263 1.36 I>,11>2 12 Other countries; '..331 II. Ik 3".3 31.3 386 1,282 290 1,212 2k9 309 768 7.821. 3.122 1.351 1.28.160 666,1.21. 231.572 213.586 2".. lataonatlonal Oraad total. 1/ Part of Uilted Arab Republic (l^pt and Syria) elnoe February 1958. Data en claljna on Syria are not arallabla aeparately. but are Included In 'Other Asia." December 19^8 69 .CAPITAL MOVEMEJPTS. Section III - Preliminary Details by Countries Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during September 1958 (In thou*aods of dollars) i/ Part of Iblted Ai«b Republic (Bsypt and ^tIb) since 7ebruary 1958. DstA on purchases and sales by S^la are not available separately, but are Included In "Other Asia." 70 Treasury Bulletin .CAPITAL MOVaffiNTS. Table 2.- Long-Term 1/ Section IV - Supplementary Data by Countries Liabilities to and Claims on Foreigners Reported by Banks and Bankers (Position at end of period In tboueaods of dollara) Liabilities to forelgnera 2/ 1957 Coioitry Clalna on forelsnera 2/ 1958 September 1957 Septeaber p Burope: Auatrla. Belgium. Dennark. Finland. Prance. li,6l»l 10,3lU 2,125 2,783 2,330 Germany , Federal Republic of Greece Italy Nether lande Norway 28 1,7^7 1 1,7^7 8,025 Other Europe Total Europe. 9,772 7,720 13,165 16,577 792 11,929 33,600 101,955 10,179 1,711 10,1*87 1,1*59 10,91*5 26,450 25,700 89,91*1* 97,01*3 26,325 3,500 15,11*7 1,975 3,719 11,U01 16,595 1,900 3,359 17,389 12,533 753 13,618 29,950 120,951 2,500 2,500 1,803 6,150 22,085 3,260 7,260 2,550 120,762 121,100 U7,198 2,786 5,218 21,316 2,U76 99 102,520 8,200 8,1*89 8,U68 8,727 323,221* 31*1,832 363,712 371,591 67,603 71,335 63,316 8U,87g 10,797 98 206,330 810 21,151 6,361* 5,298 36 209,637 2,936 36 210,915 773 l*,l*13 5,38lt 17,595 16,319 15,570 100,252 11,723 1,300 105,887 79,381* lllt.lUt 9,775 5,063 Canada lAtln America: Argentina. Bolivia. . Brarll Chile Colcmbla. l*,363 1 1 12,135 3,1*85 12 l,7lt8 5,970 10,821 1 S^ln 10,360 7,879 10,556 2.050 3,051 lit Porti^al Sweden Swltterland.. Turkey Uilted Klngda 1958 September 25 1,263 5,822 2,723 5,577 751 It, 117 21*, 36 211,903 Cube Dominican Republic . Guatemala Mexico Netherlands West Indies and Surinam. 111,520 15,116 1,181 80,110 100,736 Panama, Republic of, 31,656 2,660 520 1,366 31,861 7,311 31t,22lt 31,71*1 6,962 1.75 1*76 10,717 506 2,028 Peru II Salvador Uruguay Venezuela Other Latin America. Total Latin taerlca. 15,101* 1,318 107,11*1* 11,810 1,397 500 26 25 26 6 61 92 51 8l» 1*5 53 55 78 83 Hong Kong.. India Iran Israel Japan 1*1,61*0 1,666 57,672 2,565 39,237 50,1*01 25,071* 30,321* 35,11*^ 1*1*, 550,01*9 589,291* 573,1*75 58e,79k 1,121 667 1,257 50 2,173 3,797 25,132 9,186 8,671* 582 2,U02 It, 157 23,857 16,311 20,737 13,225 18,1*66 19,297 13,895 32,557 113,058 225 292 11*, 760 7,817 PhiUpplnee. 367 287 22,921* Thailanl Other Asia, 53 20,51*7 20,551 17,363 13,895 1*1*, 629 Total AalB. 53 78,72l> 67.1*1*3 115,713 lit, 105 Other couptrlesi Auatralia Belgian Congo mion of South Aftrica... All other 7,800 7,800 7,100 2 6,73lt 2,ll28 5,171 30,362 5,171 19,321 19,321 31* ,399 1*0,309 l*l.,907 Total other countries... 1*3,333 lt7,370 66,732 73,390 1,062,933 1,137,271* 1,182 ,9l»e 1,225,705 Grand total. ij 2/ 12,231 9,909 7,827 9,857 EaTlQg a maturity of more than one year Tran date of isattfuice; excluding long-term securities. Fbr the follovliig countries, no long-ten liabilities or claims were reported as outstanding at the end of periods shown in this table: Csecho- 5,151 slorakia, roland, Rumania, U.S.S.R., Yi^oalaTla, China Mainland, IndoDe«la, Republic of Korea, Taiwan, SSTPt, and International, pjrellminary . . . December 1958 .CAPITAL MOVOlEPrrS. Section IV - Supplementary Data by Countries Table 3.- Eetlmated Gold Reserves ^and Dollar Holdings of Foreign Countries and International Institutions (Pogltlon at end of period la mlllloaB of dollars) 1956 1958 1957 March September Area and country Gold and shortterm dollars Gold and U. S. Gold and U. S. Gov't Gov't Gov't ahortshortbonds term bonds iKinda term and notei dollars and notei dollars and notes U. S. Gold and| U. short term dollars September p June Gold and S. Gov't shortbonds term and notes dollars U. S. Gold and U. S. Gov't bonds shortterm dollars Gov't and note Continental Western Europe; Austria Belglun-Luxembourg (and Belgian Congo) Denmark Finland France (and dependencies) 2/ 367 1,227 96 88 1,505 Germany, Federal Bepubllc of Greece Italy Netherlands (and Netherlands West Indies and Surinam) Norway 3,329 187 1,268 Portueal (and dependencies) Spain (and dependenclea) Sweden Switzerland Turkey Other i/ 10 12 6 5 7 U52 1,182 133 6 6 162 97 5 l.OOlt 9 99 9U6 5 9 96 911 5 10 1,393 1U5 82 890 •,063 152 lU 1>,099 11. 3,968 167 1,526 15 U,ol.o 167 1,531 1,071 9 971 12 U7 87 139 81 628 176r 636 3 2,512 16U 917r 131 » 12 1.66 7 7 6 l,l»58 1*83 U58 1,259 ll'3 1,165 156r 508 2,527 156 873r 3 I3I' • 12 l.OUU 138 lU 105 1,260 150 11. 95 651 126r 3 658 13 Or 3 678 132 5 1.61 6 1.58 126 • 2,621. 118 2,689 • 6 156 1,135 157 966r l'»,135 298 lii,U62 29I1 ll»,755 319 ll*,955 296 15,517 Kingdom Uilted Kingdom dependencies Australia India Uilon of South Africa Other 2,812 203 2,507 180 ,875 205 3,1.60 2UI 3,810 103 109 197 329 262 KA 1. 102 U 191 323 277 228 U • • ll» 227 30 22ll 3** 2l8r 326 231 230 Total sterling area 3,931* 223 3,631 216 3,998 2U5 l*,567r 37 28U 2,629 367 2,786 UU3 2,738 U57 2,722 UUl Total Continental Western Europe Sterling Area: ttllted Canada Latin America: Argentina. Bolivia... Brazil Chile Colombia. Cuba DOBlnlcan Bepubllc. El Salvador G uatemala Mexico 1 1 * 1 1 211 329 255 * 1 1 370 29 313 30 263 27 270 5119 1.57 li56 U7 115 215 kUO 117 200r 137 210 3U7 2li.li 167 1.16 167 70 65 79 53 87 91 600 h 553 3 Panama, Republic of. Peru Uruguay Venezuela Other 109 119 259 1,058 113 1 1 • 129 96 1 2li3 1 3 12 1,615 128 Total Latin America. '»,123 190 l»,563 371 65 58 92 566 1 1 21. 15^ 371 59 11.6 62 93 536 2 13 136 86 235 1,55U 127 13 189 lt,366 176 11.1. 1 2 3 2 82 « 266 i,ue8 155 2 12 l.,2l.7l' 1 168 Asia: Indonesia. Iran . Japan Philippines. Thailand Other 260 707 Total Asia.. 2,795 Other coiintrles: Egypt Other 1/ y 2,383 181 269 777 16 2,321* 2li2 228 166 162 367 27,963 U08 1,103 28,233 3,lWt 391 2,679 31,127 l,lt9li 30,9ia 190 833 196 711* 129 Total other countries l/. Oraoil total 1/. 17 128 190 193 238 Total foreign countries l/. International . 220 187 698 235 275 768 231 158 269 773 16 28,573 386 1,220 222 1,387 15 216 170 390 1,165 2,389 1,M.2 29,266r 2,563 31,829r 5 26 1,289 151 1.79 12 7 135 1,678 • 2,685 162 851r 7 6 8 1,212 356 2.696 1,566 33.25* 5_ 269 bonds and notes Treasury Bulletin 72 .COBPORATIONS ADD CERTAIN OTHER BOSIRESS-TrPE ACnVlTUSS. The current financial statementB of corporations and published quarterly and appear as Section certain other business-type activities of the United States of tables. Government which appear In the "Treasury Bulletin" beginning with the August I956 Issue are complied from reports submitted to the Treasury under Department Circular Bulletin. Issued January 30, I956, and Supplement No. I, Issued June 1, I956. The regulations so Issued are pur- No. 966, I In the series The first data under the new regulations are for March 3I, I956, and were presented In the August I956 StatementB of Income and expense and source and application of funds are published semiannually, for June 3" and December '}! reporting dates, and appear as Sections II suant to Section 114 of the Budget and Accounting Proce- The first of these statements under the new regulations cover the fiscal year 1956, and were published dures Act of 1950 (31 U.S.C. 66 b), and represent another step In the program of comprehensive and Integrated Gov- Within the sections, the In the January 1937 Bulletin. agencies are grouped In separate tables by type, as follows: ernment accounting and financial reporting for which authority was provided In that act. They supersede public enterprise revolving funds, Intragovernmental Budget-Treasury Regulation No. 3, Issued under Executive Order No. S512 of August I3, 1940, as amended by Executive Order No. 90S4 of March 3, 19^2, under which fi- and trust revolving funds. nancial statements previously published In the Bulletin were submitted. all executive agencies and activities not reporting under and III. revolving funds, certain other activities, deposit funds, Supplement No. 1 added to the coverage by Including DepEurtment Circular No. 966, but required only a statement of financial condition annually as of June "iO, These are Department Circular No. 966 requires submission of financial statements by all trolly owned and mixed-ownership Government corporations specifically mainly not business-type activities, and those which had Included In the Government Corporation Control Aot, aa temporarily to report only the asset side. amended plement rounds out provision for the Information on In coverage. ( 31 U.S.C. 8U6, 856); and all other aotlvltlei of the Government operating as revolving funds for trtiloh not yet developed formal accounting procedure e to provide complete balance sheet types of statements were authorized Thus the sup- properties and assets of the United States Government which business-type public enterprise or Intragovernmental fund the Treasury has been asked to furnish to the Committee on budgets are required by the Bureau of the Budget. Government Operations, House of Representatives, for a continuing study of the assets of the Government. The Other activities and agencies whose operations, servloes, or functions are largely self-llquldatlng or primarily of a revenue-producing nature, and activities and agencies whose operations result In the accumulation of substantial Inventories, Investments and other recoverable assets, flret comprehensive reporting under Supplement No. 1 Is for June 30, 1957> B.nA the data were published In the December 1957 iaeue of the Bulletin as Part B of Table k In Section I. may be brought under the regulations as agency accounting systems are developed to the point >*ere they are capable of furnishing the financial reports required. A summary of loans outstanding for a series of date* Included In Section I of the Bulletin presentation beginning with the June 1938 issue. Two olaesifications of the loans are shown, one by type and one by agency. is Four kinds of financial statements are called fbr by Department Circular No. 966. They are statements of financial condition, Income and expense, source and application of funds, and certain commitments and contin- Data prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of gencies. Government lending agencies. The statements of financial condition are December 1958 T5 .CORPORATICWS AND CSSSKOi OTHER BUSIKESS-TTEE Section Table 1.- I JtCTlVi'l'IES, - Statements of Financial Condition Summary by Specified Classes of Activities, June 30, 1958 (In thoueande of dollare) Treasury Bulletin 7^ . COEPORATIONS Section iOT) I - CERTAIN OTHEK BUSIMBSS-TYEE ACTIVITIES. Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, June 30, 1958 (In thousands of dollars) International Cooperation Admlnl a tr a t Ion DeTelopoent loan Account fund Atoinlc Foreign InTeetjnent guaranty fund Export-Import Bank of Washington Energy Commisalon Defense production guarantees Regular lending activities Liquidation of certain Reconstruction Finance Corporation aesets 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 discoimt (-).... 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 {nezj Land , structures and equipment Accumulated depreciation (-) Other assets (net i 163.576 l,U8l,121 i.36 2.682 3,05^ 2,151 881,666 51*, 01*2 -U.lUU 1^3 ,311 1,250 1,1*03 28,153 10 1,672,363 370,638 6,699,117 -2^lU7^UUl 3 2,705 1,565 29,1(07 62, 39^* 22,500 8,975,702 -321*, 911 1,500 177,** 82 U, 609, 968 -939,1*03 7i*U,322 22,676,132 Total assets. 1 298,500 300,000 2,683 1*36 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 119,120 663,060 56,66U 20U,it29 825 1,091* U5,6^ U2 77,971 1,138 51*, 071 Other: Guaranteed by the United States Not guaranteed by the United States. Other liabilities (including reserves).. Total liabilities 1*7,150 803,827 1.077.350 ^.233 1/ Jl 3,151,218 57, S^*- 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 *Btots (net) Other ^ Accumulated net income, or deficit (-). Deposits of general are! special fund revenues (-) 12U,801 17,689, 3M* 1,508,000 577,81*U 1,056,000 6,526,175 1,280,557 -296,876 300,000 -7,1*32,929 2,683 U36 509,'t71 Total United States interest. 19, 521*, 915 300,000 2,663 1*36 3,017,''71 Total liabilities and investment. 22,676,132 300,000 ^.663 I136 3.075.015 ANALYSIS OF UNITED STATES INVESThENT United States investment Accumulated net income, or deficit (-)... 26,957,8l*U 300,000 2.663 1.36 300,000 2.683 U36 300,000 2,683 U36 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 -7, 1*32, 969 19, 521*. 915 -1,751.871* 276.337 18,0U9,378 Expansion of defense production December 1958 75 . CORPORATICWS AHD CERTAIH OTHKR BOSIHESS-TYPE tCTITmES. Section I - Statements of Financial Condition Table 2.- Public Enterprl se Revolving Fiotds, June 30, 1958 - (C!ontlnuedl (In thousands of dollars) Federal Civil Defense Admlnl BtratloD Civil defense procurement fund Federal Hoae Loan Bank Board Farm Credit AdBlnletratloa Federal Farm Mortgage Corporation Agricultural marlcetlng Bevolvlng revolving fund fiAid Federal Savings and Loan Insurance Corporation Ecne Owners' Loan Panama Canal Ccopany Corporation (liquidated) 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 (-).... Othar securities (net) Advances to contractors and agents: Government agencies Other Accoxmts and notes receivable: Government agencies Other (net) Inventories Allowance for losses (-) Accrued interest receivable: On public debt secxirities 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) i 1,190 W»,328 533 2,501 538 3,893 26,863 29'', 350 -1,201. 11>1,568 125 1,901 Ik 3U 880 2,''55 8,795 8,953 -1,0U8 12 91.3 7,6ltU 1,500 Total assets 530 8,173 185,916 iOk 60 98 -3OI4 -98 3 U07 1,567 305,652 671,375 -27'' ,91.1 22 ,'tOl 536 1.61,903 81 2,3''9 LIABILITIES Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advances from: Government agencies Other Trust and deposit liabilities: Government agencies Other Bonds I debentures , and notes payable: Government agencies 8U U6 1.56 60lt 21 16 50 2,391 2,690 169 10 9 10 899 3 336 l»0 Other: Guaranteed by the Dnlted States .... Not guaranteed by the United States Other liabilities (including reserves). 2U0 Total liabilities 286 U15 1.2 ItOO 1,291 12.331 15 .760 15,6U5 538 21,'>93 KSI 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 revenues (-) 2U,601 351,862 500,000 1,500 -31'>,08U 276 265,207 1,500 7,866 185,916 276 290,008 Total liabilities and investment. ANALYSIS OF UNITED STATES INVESTMENT 1,500 8,173 185,916 1.567 305,852 United States investment Accumulated net income* or deficit (-)... 1,500 7,686 -31''.08'> 276 265.207 7,888 185,916 276 290,008 Total United States interest. 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 6. 1,500 500,000 21. ,801 1,500 7,888 185,916 (Continued on following page) 520 U'.O.'ilO 538 ''61,903 351,862 68.5^8 lil.0,l>10 -1,901 -Ik 257 88, 5W y 25_ 290,032 3 .7^6 Iiii2,256 Treasury Bulletin 76 . COHPOBAnONS AHD CERTAIN OTHER BUSHtESS-TYPE Section I - ACi'lVi'l'lES. Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, June 30, 1958 - (Continued) (In thousands of dollars) December i95S 77 , COHPORATIOTS AHD CERTAIH OTHER BUSIHESS-TrEE ACTIVITIES. Section Table 2. I - Statements of Financial Condition Public Enterprise Revolving Fimds, June 30, 1958 (In thousands of dollars) - (Continued) Treasury Bulletin 7« . COBPORATICaiS AND CERTAIN OTHER BUSIHBSS-TYEE ACTIYiriES. Section I - Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, June 30, 1958 (In thousands of dollars) - (Continued) December ms 79 . CORPORAnoWS ASD CERT AIR OTHER BOSINESS-TyPE ACTXTinES. Section I - Statements of Financial Condition Table 2.- Public Enterpr fse Revolving Funds, June 30, 1958 - (Continued) (In thousands of dollars) Housing and Home Plnance Agency Office of the Administrator - Accoxmt Public facility loans 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 Govemment enterprises. Other Loans receivable: Govemment agencies Other Allowance for loases (-) Acquired security or collateral (net) Land, structures, and e<iuipment Accumulated depreciation {-) Other assets (net) Total assets Public works planning Liquidating programs fund - (Continued) Federal National Mortgage Association (Continued) urban renewal ConBunlty disposal operations fund fund 605 1,796 13,317 9,81.5 I172 30,367 2, 816 ,297 115 99 1,280 63 119 2,Ufi 1,803 11,282 22,61»7 -5, 1196 68,895 -1,898 U9 28,582 1,863 1,1.09 -53 3.309 121 37,7*5 -17,88U 199,900 16,7''5' 251,09'' 99,189 7 ue 39 ki 2,1.62 51.5 -21.3 n.iBi 1*,<J39 539 1116 896 1,1*41 58 237 a*? 2,227 538 '-'<^^ 51.1. NBT INVESTMENT 13,700 73,000 17,000 . 1,532,372 276,851 -387,091 -1,173,265 2/ 7,385 2,218,1.76 LIABILITIES United States interest: Interest- bearing investment: Capital stock Borrowings from the U, S. Treastiry... Other Noninterest-bearing investment: Capital stock Appropriations Capitalization of assets (net) Other Accumulated net income, or deficit (-). Deposits of general and special fund revenues (-) 16,957 1.2 13,150 Accounts payable; Govamment agencies Other Acctnied liabilities: Govemment agencies Other Advances from: Govemment agencies Other Trust and deposit liabilitiess Govemment 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 Management and liquidating functlona 157,000 36,06k -22,000 -570 -795 -255 Total United States interest. 12,905 l6,7l»5 21.8,867 97,166 13, 1. 9* Total liabilities and investment. U-150 l6.7l'5 251.09". 99.18? 1''.039 -132 ,Bl>i 5 Treasury Bulletin BO . COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTiViTiES. Section I - Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, June 30, 1958 - (Continued) (In thousands of dollars) Agriculture Department Housing and Eome Finance Agency - (Continued) Federal Houalng Admlnlatratlon Public Housing Adjalnls- Farmers' Eome AdmlnletratloD Federal Crop Insurance Corporation 10/ Commodity Credit Corporation tration Dlaaeter loans, etc., revolving fund Farm tenant mortgage Insurance Expansion of defense production fund 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) 2,8l6 28,892 28,265 2,562 32,698 620 1,11U 539,050 11,737 -2,939 1.67 121* 19 26 3,958 3 10 1,587,61*0 U28 288,862 73 5,1*55,585 286 1,602 3,977 161 106,321 -21,079 6,155 1.1 135 5,105 -2,lU5,8l8 1,762 156 1,066 1,006 2,268 91,266 22,500 1,599,956 -1,1*67 -21*6,983 11> 169,365 3,131* -1,577 131,592 889,50it Total assets 10,353 16,608 1 39,833 lli,222 -l.,266 21*3,703 1*75 1,911 -91,506 38,091 -1*75 1U3,028 6,781,260 33,370 125,098 159 9,788 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 5U9 99 2 19,299 9,801* 36,510 151*, 1*93 116 U50 715 168 215 171,1*15 1,61.1 27 39,696 21,816 113 2,0li2 3,977 1,621 16,785 1. 5'', 071 Other: Guaranteed by the United States Not guaranteed by the United States . Other liabilities (including reserves)... Total liabilities 1.6, U9U 2.816 21.6,169 1/ 39,722 2/ 1*57.811 11/ 6.091* 8611,530 7,968 1*77 62/ l',526 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 revenues (-) Total United States interest Total liabilities and investment AWALYSIS 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 6. 35,000 100,000 11,528,000 2,1*85 58,633 -81,238 6,297 -63,159 -l.,526 1.0,000 1,000 573,356 107,666 205,1.91* 36U 21*6,810 -352 -5,711,271 -121,911 103,306 5,916,729 25,1.03 121. ,620 9,782 11*3,028 6,781,260 33,370 125,096 9,786 856,166 11,628,000 -5,711,271 11.7,31'' -752 ,861 -121,911 205,858 -81,238 6,297 58,633 -63,159 6U3,336 103,306 5,916,729 25,1*03 121*, 620 9,782 -i.,526 -11,919 56.507 -3 -1,610,11.0 170 58.995 687,923 103,1*73 61*3,336 -75a ,861 61*3.336 889,501* 61*3,336 I* ,365,581. (Continued on following page) 3,1*85 -10 U.526 Oii25,516 121. ,611 9,782 December 1958 . COHPORATIOIfS AHD CERTAIN OCTER BUSIKESS-'ITPE ACTIVITIES. Section I - Statements of Financial Condition Table 2.- Publ ic Enterprise Revolving Funds, June 30, 1958 - (Continued) (In thousands of dollars) Footnotes at end of Table 8. Treasury Bulletin 82 . COHPORATIOTS AKD CEETAIM OTHER BUSIiraSS-T]tPE ACTiViTiKS. Section I - Statements of Financial Condition Table 2.- Public Enterprise flevolvlng Funds, June 30, 1958 (In thousands of dollars) - (Continued) December i95H «3 .CORPORATIONS AND CEFiTAIN OTHER BUSINESS -TYPE ACTIVITIES, Section Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, June 30, 1958 - (Continued) I - (lA thouaanda of dollare) Interior Department Bureau of Indian Af fairs Revolving fund for loans Bureau of Reclamation Fund for emergency expenses, Fort Peck project, Mont. Bureau of Mines Upper Colorado River Basin find Development and operation of helium propertied Office of Territories Bureau of CouBoerclal Flaherlea Fisheries loan fund Alaska railroad revolving fund Loans to private trading enterprises Virgin Islands Corporation ASSETS Cash In banks, on hand, and In txanelt... Fund balancea with the U. S. Treaeury.... Investmenta: Public debt eecorltlea (par value) Securities of Government enterprises... Unamortlted premium, or dlscoiait (-)... Other securities (net) Advances to ccfitractors and agents: Government agenc lea Other Accounts and notes receivable: Governmen t agenc les 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 Accimulated depreciation (-) Other aeseta (net) Total aasets 3 7,315 868 9,507 6,386 5,827 10,587 88 UOO 7 5 75 7 72 38'. "•5 1,237 658 998 1S3 l'5 591. '',313 851* 8,370 't,020 -1,3UI. -75 11>,3U0 LIABILITISS Accounts payable: Government agencies Other Accrued liabilities: Government agenc les Other Advances from: Government agenc lee Other Trust and deposit liabilities: Government agencies Other Bends, debentures, and notes payable: Government agencies Other: Guaranteed by the United States Not guaranteed by the United States.. Other liabilities (including reserves)... 12,389 -U69 22 '''•,935 21,215 -9,516 2,555 13,033 63,732 21,662 161 57 3,897 9liU 9,382 -215 52 287 116,W»8 -13,631 15,96? 9,809 135,986 7,155 -1,970 313 528 lU l,li07 1. 7,678 6 83 185 Ul5 85 5 I1I9 2,382 Total liabilities 2IU 70 k'jk u 3 71.9 1.6 "•.853 2ltl 3 856 132 11,188 1,686 23 3,895 ^2 NET XNYESfTMBBT Itolted States Interest: Inters St -bearing Inveataent: Capital stock Borrowings from the U. S. Treasury... Other Nonlnterest-bearlng Investment: Capital stock Appropriations Capitalization of assets (net) Other Accuaulated net Income, or deficit (-). Deposits of general and special fisid revenues (-) Total mited States interest. Total llabllltlea and Investment. AMALYSIS OF IMITSD STATES IHYK3rMB«T united States Investment Accunulated net Inccme, or deficit (-)... Total Uilted States Investment Inclallng Interagency 1 terns Interagency Items: Due from Government agencies (-) Due to Government agencies Total Uhlted States Investjosnt after exclusion of Interagency Items Footnotes at end of Table 6,539 12/ 13,800 2,681 -2,1U0 1,600 1,696 1,296 luy 8,227 U8,7't2 11,'»30 3,802 2,916 5,631 10,000 127,171 li/ -21U l»,920 500 28 23 -196 lit, 31*0 lg,8l9 52,5'*'' 19,977 9,786 132,092 528 7,137 1'1,3'tO 13,033 63,732 21,662 9,809 135,986 528 7.678 16,1.81 -2,11.0 1»,592 52,51.1. lli,3">6 10,000 127,171 5,631 -211. '',920 500 28 7,332 -196 1U,3'.0 12,819 52, SU"* 19,977 9,786 132,092 528 7,137 -25 -381. 161 -7 57 12,955 52,59'' 19,671 ll.,3l.0 8,227 -1,637 U67 78 (Continued on following page) 9,806 130,?21 -51. 195 528 7,277 Treasury Bulletin «^^ , CORPOBATIONS AND CERTAIN CflSER BOSIMESS-TYPE ACTIVITIES. Section I - Statements of Financial Ck)ndltlon Table 2.- Public Enterprise Revolving Funds, June 30, 1958 (in thousande of dollars) - (Continued) December /9J8 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES. Section I - Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, June 30, 1958 Treasury Bulletin 86 . CaSPORKnaSS AHD CEHTAIH other BUSHtESS-TIEE ADTiViTifcS. Section I - Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, June 30, 1958 (In thousands of dollars) (Continued) December 1958 .CORPOBATIOnS KSD CERTAHI OTHE» BUSHtESS-TXFE ACTIVITIES. Section I - Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, June 30, 1958 - (Ck>ntlnued) (Id thouaaods of dollars) 86 Treasury Bulletin . COHPORATIONS AND CERTAIN OTHER BUSINESS-TTPE ACTIVITIES. Section I - Statements of Financial Condition Table 3.- Intragovernniental Revolving Funds, June 30, 1058 - (Ck)ntlnued> (In thousands of dollars) December 1958 . CORPORATIONS AHD CERTAUl OTHKR BUSIMESS-TXPE ACTIVITIES. Section Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, June 30, 1958 - (Continued) I - (In thouaande of dollare) Treaeury Department Uilted States Coaet OvBxi. Bureau of fiigrarlng and Printing ASSETS Cash In banka, on hand, and In transit... Fund balances with the U. S. Treasury..., •,31*3 Supply fund 1 2,166 Yard fund U,662 InTestjnenta: Public debt securities (par value) Securities of Government enterprises... Itoajnortlzed premlun, or discount (-) Other securities (net) Advances to contractors and agents: Govemnjont 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 LDens receivable: Government agencies Other Allowance for losses (-) Acquired security or collateral (net).,,. Land, structures, and equipment Acctmiulated depreciation (-) Other assets (net) 3 1,173 2 6,195 l,l8o 28 5,165 151 5 7,070 -32 32,801 -7,307 11,761 -4,908 37'> Total aesete 37,558 8,5^3 l8,7lt2 12 812 716 251 UABILITISS Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advances Crcn: Government agencies Other Truat and deposit liabilities: Government agencies Other Bccds, debentures, and notes payable: Government agencies Other: Guaranteed by the TJblted States Not guaranteed by the Uilted States... Other liabilities (Including reserves) 1,267 Total llabllltleB 3,l»23 1,528 10,2li3 3,25" 22,001 8,939 6,766 8,UU6 -55 2U9 53 , , , USI 189 70 9^0 152 8,61(8 697 365 39 15 599 NST DfYEgTMBrr United States Interest: Interest-bearing investment: Capital stock Borrowings frcm the U. S. Treasury.... ther Noninterest-bearing investanent: Capital stock Appropriations • Capitalization of aesete (net) Other Accianulated net Income, or deficit (-).. Deposits of general and special fund revenuea ( -) Total Uilted States interest 3'',135 7,016 8,1*99 Total liabilitlee and Investment 37,556 6,5U3 18,7112 ABALYSIS 0? UMITSD STATE VSTSSOfSei tilted States Investnunt Accimiulated net Income, or deficit (-).... 3'i,190 6,766 6,l|lt6 -55 2lt9 53 3't,135 7,016 8,li99 -l,l8l 779 -1,180 612 9,201 33,733 6,6U7 17,51'8 Total tilted States inveslmient including Interagency items Interagency items: Due from Government agencies Due to Government agencies ( *) Total mi ted States Investment after exclusion of Interagency itema • Less than t^OO. -151 m 90 IreasuTy Bullet . CORFORATIOnS AND CERTADI OTEER BUSmESS-TTFE ACTIVITIES. Section I - Stateaents of Financial Condition Table 4.- Certain Other Activities, June 30, 1058 - Part A (In thousajias of dollars) i/ December 19^8 9X . CORPORATIOTS AND CERTAIN OTBER BUSIBESS-TXra: /ICi'iViTlES. Section Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 - Part A i/ - (Continued) I - (In thousands of dollars) Treasury Balk-tin 92 . COBPORATICJfS AMD CERTAIR OTHER BOSIMESS-TYEE ACTIVITIES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 (In thousands of dollars) - Part A i/ - (Continued) December 195 S 93 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 - Part A i/ (In thouaanda of dollars) (Continued) Treasury Bulletin 9"^ . COBPORATIQRS ASD CERC/JB OTHER BOSXHESS-TTFE; fCxivrriMS. Section I - statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 - Part B (In thousands of dollars) Account i/ December 19^8 95 . COHPORATIONS AHD CERTAIN OTHKR BUSINESS-TYPE ACnvmES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1968 - Part B i/ (Continued) E£-6 (In thousands of dollars) Account Veterans' Admlnletration Other, Legislative, Executive Office of the President and Independent offices y Agriculture DepartDent Hoxislne and Heme Finance Agency 2/ Agricultural Be search Sorrlce Forest Service Soil Caoeerratlon Service other 6/ ASSETS Caeh in banks, on hand, and in transit.... Fund balances with the U. S. Treasury Investments: Public debt securities (par value) Securities of Goveminent 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 InetJ Land , structures , and equipment Accumulated depreciation (-) Other assets tnet) 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 S.itia 38,528 IkO 30,257 U8,U03 375,196 218 29 9 3U8 287 151 29 2,781i 2U9 kS2 866 13 73 2I18 Uolt 1,293 3,5oe 953 5U5 67 126 711,721 81tO,1.68 25,779 -8,150 10, It 96 3.6U 79 .''82 66,951 366,19l» 382,178 62,391* 287 16,631 389 8,761 1,973 8 131 528 2,U7l» 307 9 U52 1,358,065 5,695 2,19l> -1,256 60.630 229 1,829,819 68,938 6,880 118,737 956,381 257 28,806 786 20ti MS 37,565 136 710 1,722 8,029 63,^27 836 2,281 1,666 2,685 679 7,180 5 -3,758 m_ 353 1,1165 10,279 31*, 698 197 1,381 65,517 22,566 UlO 2,91^ U92 lit 119 22,500 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: Capl tal stock Appropriations Capitalization of assets (net) Other Accumulated net income, or deficit (-). Deposits of general and special fund revenues (-) 681 180, ST** U3,279 3,tA5 275,158 22,885 2,387 3,069 -2,682 5,775 937 1,37"*, 088 9.629 12.539 12,113 8.709 15,305 30,155 22,392 69,907 U0,000 32,0U2 1*9,196 378,612 63,1*32 89't,l85 -U,637 -37,762 -22,563 -2,878 Total United States interest. 1,6U9,2U6 25.658 3.835 103 .l>32 926.226 '''•559 318.287 Total liabilities and investment. 1.029.819 68.938 6,680 116,737 956,361 66,951 386,191. AMALYSIS OF UNITED STATES INVESTMEMT United States investment Accumulated net income, or deficit (-)... l,6lt9,2U6 28,31*1 6,713 -2.678 103,1*32 926,226 1*1*, 559 31*0,850 -2,662 l,6li9,21*6 25,658 3,835 103,1*32 926,226 -675 -lt22 -876 -1,293 65.775 -257 3.705 6lU 2.081 2.1*06 1,71"*, 31*5 29,106 027 1011,637 927,31*0 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 8. I*, (Continued on following page) -22.563 1*1*, 559 -696 318,287 -528 25.1*17 1*3,863 31*3,176 Treasury Bulletin 96 . (JOEPORATIONS AND CERTAIN OTHER BOSINESS-TYEE ACTiViTiES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 - Part B i/ (Continued) (in thousands of dollars) Defense Department Ccsmnerce Department Civil Aeronautics Administration Coaat and Geodetic Survey Bureau of Public Health, Education, and Welfare Department Annj Department Weather Bureau Other 1/ Boads Corps of Engineers Office of Education §/ ASSETS Cash In banks, on hand, and In tranait.. 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 intereat receivable: On public debt securities On securities of Government enterprlsei 218,379 6,689 332,170 13,907 205 13,917 60 2U 182,71*1 612 110 317 lOU I.OUU 139 30, 1.72 6 628 7 75,210 929 3,01U 1,129 1*32 197, It 76 22,793 193,578 13,957 lU,07lt 8,5''9 209,153 627 3,018 1,355 383 ther Loans receivable: Government agencies Other Allowance for loese s ( - ) Acquired security or collateral (net).... Land, structures, and equipment Accumulated depreciation ( -) Other assets (net) -13,335 271,563 Total assets 758,376 , , LIABILITIES Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advance a from: Government agencies Other Trust and deposit liabilities: Government agencies Other Bonds, debentures, and notes payable: Government agencies Other: Guaranteed by the lilted States Not guaranteed by the United States. Other liabilities (Including reserves).. Total liabilities NET mVESTMEifr lilted States interest: Interest-bearing investment: Capital Btoclr 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 generai-and special fund revenue a ( - ) , -8,373 31,600 25,569 T9U 577,057 32,871 103 8,701,779 1,U05 1,616 37,9'*7 85 231*, 226 131>,U'*1 302 7 5,719 623 1,82U,1U2 29,288 5,677 75 51,091 -''3,81*5 859 , 6,710,362 2/ ''17 10 3lU,U8l 2,611 871 29 1,889 2,085 188 13,250 1,1.28 3,926 2,955 li,21l* 1,579 19,678 2,817 327,107 3,853 11,511 39,612 13U,629 221,205 6,U87 110,788 188,219 16,091 7,62U 11,1'*6,603 1*8,506 517, '•93 22,296 12,926 10,15'* 1*37,990 28 -2,675,689 51,091 -1*8,987 1/ -28 -21*6,737 Total lilted States interest 738,698 28,783 2'»9,950 29,017 17,777 8,662,167 99,597 Total liabilities and investment 758,376 31,600 577,057 32,871 29,288 8,701,779 23'*, 226 738,698 28,783 298,936 -U8,987 29,017 17,71*9 11,337,856 -2,675,689 99,597 28 99,597 -71 AWALYSIS OF UHITKD STATES TOVEgTMan' Itoited States investment Accunulated net income, or deficit (-).. Total United States investment including Interagency items Interagency items: Due from Government agencies (-) I>ue to Government agencies Total United States investment after exclusion of interagency items Footnotes at end of Table 8. 738,698 28,783 21*9,950 29,017 17,777 8,662,167 -8,659 5,726 -l.OliU -627 311*, 1*81 -628 3,596 -1,967 520 -3,018 871 735,765 28,259 563,801* 26,870 20,71*5 8,660,200 (Continued on following page) 99,597 December i95S 97 .CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30, 1958 - Part B 1/ - (Continued) (In tbousajidB of dollar b) Interior Department Health, Education, and Welfare Departjoent (Continued] saint Elliabeth'a Boepltal Bureau of Indian Affaire Other Bureau of Reclamation Juetice Department National Bureau of Mlnee Legal actlTltles and general admlnletration Other Park Service 10/ Assms Caah In banjcs, on hand, and In tranelt... Fund balances with the U. S. Treaaury.... InTeetmente: Public debt aecurltlee (par value) Securities of Covemment enterprises... UDBjDortlzed premium, or discount (-).,. Other securities (net) Advances to contractors and agents: Government agencies Other Accounts and notes receivabl«: Government agencies • Other (net) Inventories Allowance for loaees (-) Accrued Interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencle a Other Allowance for losses (-) Acquired security or collateral (net).... Land, structures, and equlpnent Accumulated depreciation (-) Other assets (net) Total assets 2 U,070 307,257 29,862 91., 705 15,365 40,574 151,268 3,249 4,603 8k l>17 1 Ilk 32 52 100 30 34 1,415 666 400 8,009 467 136 61.1 1.7,61.2 546,580 9,066 3,598 15i> 8 53 108 55 25 61.3 11.8 92,823 637 9,505 5,378 2,771,i*'.9 58 31 25 65 189 28,67l> 7,023 138,908 -1,837 -4,262 -52,603 11 ,205 1.57,911 31'»,557 295,01.9 3,267,252 31.6 1.25 261* l»,015 7,1.98 21,11U 2,27". 871 2,679 31. l4l,2U 118,891 6,296 39,933 704,078 169,245 152,886 5,169 1,866 175 2,856 4,287 133,205 4,572 1.20 63,905 LIABILITIB Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advance a ftrcn: Government agencies Other Trust anr* deposit llabllltlee: Government agencies Other Bonds, debentures, and notes payable: Government agencies Other: Guaranteed by the Ullted Statea Not guaranteed by the Uiltsd states.. Other liabilities (Including reserves)... Total liabilities Ngr UJVgtfmKifi' lilted states Interest: Interest-bearing Investmient: Capl tal stock Borrowings from the U. S. Treasury... Other NcDlnterest-bearlng Investment: Capital stock Appropriations Capitalization of assets (net) Other Accijnulated net Income, or deficit (-). Deposits of general end special fund revenuee ( -) 30 186 861. 2,1.59 22,263 1,332 1,328 1,788 126,099 151 9,265 2.U68 8,211 11, 71.5 169,622 4,012 8,197 148,646 2,021 35,UWi 299,272 3,905 3,170 20,371 38,770 34,006 660,042 1,632 12,426 3,440 262,933 3,532,939 71,738 212,646 135,666 83,526 144,696 45,21.8 1,042 -25,167 4,748 -75,355 -«35,559 Total United States interest 37,'' 6? 306,3''7 283,301. 3,117,1.30 59,893 695,881 20,600 148,136 Total liabiliti es and Investanent 39,933 31't,557 295,01.9 3,287,252 63,905 704,078 169,245 152,886 37A65 306,3l»7 283,301. 2,981,761. 65,060 -25,167 695,661 20,600 148,138 135,666 3,117,1.30 59,893 695,681 20,600 146,138 -100 -400 4,287 -136 4,572 695,781 24,487 152 .ST* AWAuaia OF iwrrm arATEs nivBnqnT i;blted States Investment Accunulated net Inccoe, or deficit (-}... Total uilted Statea Investosnt Including Interagency 1 tema Interagency Items: Due from Government agencies (-) Due to Government agencies Total lilted States investanent after exclusion of interagency Items Footnotes at end of Table 8. 37,l»65 -lil7 37.01.6 306,31.7 283,301. -122 186 -151. -851 2,1.59 31.6 -201 1,319 306,Ull 265,609 3,u6,9g5 61,010 (Continued on following page) Treasury Bulletin 9fi .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTiViTlES- Sectlon I - Statements of Financial Condition Table 4.- Certain Other Activities, June 30» 1958 - Part B ^- (Continued) ^ (in thouaande of dollare) Justice Department (Ccntlnued) Federal Bureau of InTaetigatlon Troaeury Department - Federal Prison System Internal Revenue Service Office of the Secretary Revenue accounts Bureau of Administrative accounts Bitreau of the Mint mited States Coast Guard Other 12/ Prl sons ASSETS Caeb in bernks, on hand, and in transit... Fund balances with the u. S. Traaaurj.... 10,282 6,5^7 373 69,872 11,279 21.6 i'3,i»59 1,965 57,961. l'0,9W. ii/ 63,173 InveetzientB: Public debt eecurltlee (per value) Securities of Oovemment enterprises... liiamortlzed premium, or discount (-)... Other securities (net) Advances to ccotractors and agents: 83 Government agencies Other Accounts and notes receivable: Government agencies Other (net) Inventorle s 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) U6 1 6 553 U9 73 1 91.5 62 1,U'. 23't 316 35 352 3,575 52 22,578 6^,156 -6,370 5,0^7 13,878 5,810 6 178 3i,'>''6 73,270 20,lll9 2,067,U91 63,760 966 5,210 2,75^ 87 178 10,391 1,985,152 5,1.13 206 3 515 903 Wt,076 15,582 -3,317 872 778 -1,505 6,618 702,592 16,126 SI', 982 Total assets -21., 866 22 293 IW 801,965 I'.B.seo 69I. 6 3, ''97 30,763 322 5,275 3,1.28 15, ''61' 3,676 20 15, UABIUTIBS Accounts payable: Government agencies Other Accrued liabilltiee: 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 Iftilted States Not gxaranteed by the Ittllted States.., Other liabilities (Including reserves) 19 11,563 169,091 , '',3''l 661. 115 Ik 9,613 9,392 701 1,181 61.9 812 127 2,988 6,170 , Total liabilities Hgr ayisTMHiT Ullted States Interest: Interest-bearing Inveetment: Capital stock Borrowings from the U. S. Treasury.... Other Ncninterest-bearing investment: Capl tal stock Appropriations Capitalization of assets (net) Other Accumulated net inccme, or deficit (-).. Deposits of general and special fund revenues ( -) 1.51. Il6,lt53 168 500 20 '.,602 10,517 3,ii20 8U7 305,5119 111,717 2,659 21., 971 32,711 5,883 16 2,308 597 It3,6l3 56,278 22,929 63,966 19,286 733,382 l,76l,9'>2 19,735 U,885 59,591 Total united States interest 22,929 69,851 19.30g 1,761, 9112 22,01.3 12,1.82 776,99'' 115,869 Total liabilities and investment 33,^6 73,270 20.11*9 2,C67,U91 63,760 15,1'tO 801,965 iitajseo ANALYSIS OF UNITED gTATES INV;BjrMBWT united States investment AcciAulated net income, or deficit (*)..., 22,929 69,851 19,302 l,76l,9''2 22,01.3 12 ,'.82 776,99'' 115,869 22,929 69,851 19,302 l,76l,9''2 22,0U3 12,Ua2 776,99'' 115,869 -23". -35 202 -189 10,065 -1 5,307 -316 3, It 16 1,187 -6,358 15,872 6,i'35 26,002 72,953 19 ,''69 31,939 13,668 786,508 122,21.2 Total United States investment including interagency items Interagency itema: Due from Government egenciee (-) Due to Government agenc ie s Total United States investment after exclusion of interagency items Footnotes at end of Table 8. l,76l,9''2 -62 December mS 99 .OORFQBifflOaS AHD CKKTADT OIBER BDSIHBSS-TTFE tCTTTTrSJS. Section I - Stateroente of Financial Condition Table 5.- Certain DepoBlt Funds, Jtme 30, 1958 (In thousands of dollars) 100 Treasury Bulletin .CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIYITIES. Section I - Statemente of Financial Condition Table 6.- Certain Trust Revolving Funds, June 30, 1958 December 1958 101 , COHPORATIONS AND CERTAIN OTHER BUSIKBSS-TYPE A:rnVlTIES. Section I - Statements of Financial Condition Table 6.- Certain Trust Revolving Funds, June 30, 1058 (In thoueends of dollars) - (Continued) 102 Treasury Bulletin .CORPORATIONS AND CERTAHI OTHER BUSHTESS-TyPE ACTIVITIES- Section I - Statements of Financial Condition Table 7.- Loans Outstanding, June 30, 1058, Excluding Interagency Loans, Classified by Types of Loans (in thouBanda of dollars) Public enterprise revolving funds Type of loan and lending agency To aid apiculture: Loans to cooperative asBOclatlone: Fanners' Home Administration Rural Electrification Administration Crop, livestock, and commodity loans: ConnDodlty Credit Corporation Dlaaater loans, etc., revolving fund Fanasre' Home Administration Virgin Islands Corporation Storage facility and equlpaent loans: Commodity Credit Corporation Farm mortgage loans: Farmers' Home Administration Farm tenant mortgage Insurance fund Guaranteed loans held by lending agencies: Commodity Credit Corporation Other loans: Farmers' Home Administration Total to aid agriculture To aid home owners: Mortgage loans: Federal National Mortgage Association: Management and liquidating functions Special aesistance functions Housing and Home Finance Administrator: Liquidating programs Veterans' Administration: Direct loans to veterans and reserves Loan guaranty program Other loans: Ve terana Admlnl strat ion Direct loans to veterans and reserves Loan guaranty program ' Total to aid home owners T o aid industry: Loans to railroads: Expansion of defense production: Treasury Department Other purpoeea: Treasury Department: Reconstruction Finance Corporation liquidation fund Ship mortgage loans: Commerce Department: Maritime activities Other loans: Kipanelon of defense production: Interior Departnent Treasury Department Defense production guarantees: Air Force Department Army Department Ravy Department Other purposes: Housing and Home Finance Administrator: Liquidating programs Inland Waterways Corporation Interior Department: Bureau of Coraoerclal Fisheries: Fl sher les loan fund Small Business Administration: Revolving fund (lending operatlone) Reconstruction Finance Corporation llqiildation fund Snaller War Plants Corporation (in liquidation).. Treasury Department: Civil defense loans Reconstruction Finance Corporation liquidation fund Virgin Islands Corporation Total to aid industry 9,681 2,773,632 Certain other activltlea : December 19y8 103 , COBPORATIOITS AND CERTAIM OTHER BUSIMESS-TYEE ACTiViTJJS, Section I - Statements of Financial Condition Table 7.- Loans Outstanding, Jime 30, 1958, Excluding Interagency Loans, Classified by Types of Loans - (Continued) (in thouaands of dollare) Public enterprise revolving funds Type of loan and lending agency Certain other activities To aid States, Territories, etc.: General Services Administration: Public Works Administration (In liquidation). Housing and Home Finance Administrator: Public facility loans Liquidating programs urban renewal fund Inland Waterways Corporation Public Housing Administration Treasury Department: Miscellaneous loans and certain other assets. Total to aid States, Territories, etc. 81,123 81,123 11,282 11,282 8,1*35 8,1.35 68,855 68,855 11 11 91,266 91,266 9,91*6 9, 91*6 270,918 179,81*9 1,T79 1,779 52,919 52,919 32,375 32,375 91,069 To aid financial iDBtltutlgna Loans to banks: Tressury Department: Reconstruction Finance Corporation liquidation fund Foreign loans: Guaranteed loans held by lending agencies: Export-Import Bank of Washington Other loans: Expansion of defense production: Export-Import Bank of Washington Other purpoaes: Cocamerce Department: Maritime activities De ve lopn^nt loan fund Export-Import Bank of Washington: Regular lending activities Liquidation of certain Reconstruction Finance Corporation assets International Cooperation Administration Treasury Department: Miscellaneous loans and certain other asaete.. Total fore ign loans Other loans: Health, Education, and Welfare Department: Office of Education: Loans to students Housing and Hone Finance Administrator: College housing loans Liquidating progrsms Interior Department: Bureau of Indian Affaire: Loans for Indian assistance Revolving fund for loans Office of Territories: Loans to private trading enterprises Snail Business Administration: Revolving fund (lending operations) Reconstruction Finance Corporation liquidation fund. Treasury Department: Miscellaneous loans and certain other assets Veterans' Administration: Insurance appropriations policy loans Service-disabled veterans' lna\n*ance fund Soldiers' and sailors' civil relief Vocational rehabilitation revolving fund Total other loans. Total loans. '>i 1*3,971* ,97'' 1,500 1,500 2,987,356 2,987,356 21,025 21,025 2,1*36,705 2,'t36,705 3,U70,322 9,OU6,175 3,1*70,322 3,095,171* U13 1*13 37't,"*50 371* ,1*50 8,5^3 8,51*3 189 8,370 8,370 189 287 287 1*8,313 1*8,313 5,076 5,076 201 201 1*32 1*52 337 60 87 5,951,001 337 60 87 Wt6,780 Ul*5,52it 1,256 18,907,780 8,975,706 9,932,078 Treasury Bulletin loM- . COBFOBAIIQRS AND CERTAHI OTHER BUSHIESS-TXPE tCTlTmSS. Section I - Statements of Financial Condition Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans Part A.- Classified by Types of Loans (In millions of dollare) To aid home owners To aid agriculture Total End of period 1/ Total to aid agriculture Fiscal years: 1950 1951 1952 12,771.7 3,773.3 13,689.11 3,6711.7 11,058.2 11,996.6 1953 16,066.0 17,863 .U 19^ 18,7'«3 .8 1955 1956 1957 1958 19A20.5 20,5117.5 21,812.9 22 ,893.11 Agricultural credit corporations 6,389.1 6,361.7 6,789.6 6,827.5 6,913.11 Cooperative associations Crop, liveetoclc, and cosBnodlty loans 1/ 573.7 751.7 865.8 823.9 1,659. Or 1,958. 8r 2,17li.3r 1,003.1 2,333.3r 1,216.5 7711.0 2,li67.9r I1O8.6 1137.7 8I1I1.6 2,60li.lir 89l1.l1 2,77li.li 2,1160.5 2,2311.0 2,1152.9 996.5 1,227.0 2,979.3 3,191.6 507.1 629.1 671.3 589.8 635.6 686.5 733.6 928.8 1,892.5 2,171.5 Total to aid hone owners Farm mortgage loans 515.9 530.1 5^9.6 588.8 21.6r 25.5r 30.9r 6li7.2 1,315.7 1,809.1* 2,387.1* Mortgage loans 2,91i*.l 39.5r 2,911* .2 2,8lli.li liU.6r 3li.2r 25.0 1,290.7 1,809.1 2,387.3 .3 .1 .1 .1 2,8lU.2 kj 3,0911.8 3, 091*. 6 275.3 392.5 3,377.7 2,089.2 1,688.2 311* .2 lili8.2 l*,380.5 3,302.7 1*, 276.0 101*. 359.2 lili7.3 U,628.2 1*, 1*73. 1511.7 952 .U 508.8 517.1 566.7 597.6 628.7 23. 1,528.1 1,525.2 2, 11*1. 2 ,603 .2 596.1* U1.2 366.2 631*. 1 .2 71* .9 !*/ Calendar yeara 1950 1951 13,1113.2 3,88U.l 595.1 17,966.7 20,086.0 19,575.5 20,506.3 21,091.5 22,755.6 11,161.3 111, 1952 1953 195l» 1955 1956 1957 Current quarters; 1957-March September 1958 -March 31. 30. 31. 5,070.3 6,810.5 6,929.2 6, 715 .It 6,785.11 6,681.1 812.8 2,3ltl.l 2,li68.6 l,li53.8 2,589.6 2,721.7 3,116.2 3,026.2 2,669.7 2,9511.1 2,lilil.6 3,152.0 1,8U0.7 30.9 37.3 38.I1 ll9.2 289.8 357.5 1*01.9 2,11*1.6 2,603.3 2,930.0 2,906.8 .1 .1 .2 k/ 3,201*. 1 3,771.1* l>,768.6 3,683.1 U,6U2.0 11,078.11 li,56li.8 95.5 115.5 776. I* 11*0.7 21,807.1 21,820.5 7,289.3 6,U66.5 81iO.li 2,975.9 2,71*3.0 300.0 3,0711.1 31*5.3 1,039.11 3,169.8 1,613.6 2,587.1 1130.0 1*36.9 '*,173.9 996.5 7,60ii.l 360.3 1*1*7.6 1*, 1* ,680.3 917.0 I*, 88;3 126.6 !*/ To aid financial Inatltutlcns To aid Total to aid Industry .3 2,929.9 2,906.6 3,201l.li 23,1*99.5 To aid Industry End of period 1/ 3.0 Loans to aip railroads mortgage loans Total to aid financial Institutions Insurance companies Mortgage loan companies States, Territories, etc. Foreign loans 5/6/ Other loans Fiscal years: 1950 1951 1952 1953 628.0 603.1 113.0 51*9.1* 1951* 1*26.7 1*38.5 85.2 78.6 11.9 12.7 12.7 12.3 8.0 611*. 1955 1956 1957 1958 626.9 639.6 651* .2 101*. ^ ^ ^ 515.0 1*53.6 I198.I1 821* 611.2 653.0 535.9 "155.2 718.5 677.9 1,019.2 1,180.6 1,086.6 933.7 ll I1II1.7 1*25.8 221.0 218.6 191.0 .5 393.2 I1O8.8 2.6 1*37.1* 1*22.9 6,U6.3 810.7 560.9 732.5 732.7 332.3 255.2 226.8 6,151.1 7,617.0 .1 .1 13.6 13.7 5.1 * l*.5 713.9 2.8 2.2 3.7 671.1* 3.1* 1,013.5 61*7.9 61.9 65.7 66.11 8,032.1* 88.5 138.7 218.6 21*3.0 8,171.6 8,300.2 335.5 929.5 270.9 9,01*6.2 1*1*6.8 810.2 800.7 859.6 1*68.0 6,077.8 712.3 1,020.2 6,U0.3 62.6 66.2 7.2 7.2 1,173.1* 1,079.1* 1*.2 7,798.1* 7,961*. 171*. 3 Calendar yeara: 1950 1951 1952 1953 568.0 589.1 597.6 587.8 1951* 1*31.3 1955 1956 1957 678.3 619.3 673.9 U.2 628.7 651.6 12.3 10.3 Current quarters: 1957-March Septemher 1958 -March 31. 30. 31. Footnotes at end of tahle. 61*1*. 109.9 100.7 81.9 79.0 11.5 12.5 10.3 8.1 U58.I 821*. 1/ 1*88.5 81U.2 515.7 508.8 U19.8 861*. ^J I1O6.5 l,lil9.0 387.5 1,235.5 1,272.3 260.7 219.3 216.8 1*1*6.9 951.8 869.8 228.1* 387.9 216.0 202.5 1*25.3 968.1 1,126.0 1 703.1* 1*31*. .1 .1 2.3 3.5 7.3 7.2 7.3 7.2 7.2 11* .0 13.1* l*.9 U.5 3.7 3.1 7,736.2 71*. 91*7.2 61*1. .6 8,0li2.6 863.8 271.7 8,000.5 7,988.3 8,223.5 8,753.7 118.7 166.0 256.0 1,1*12.1* 2I1I1.9 1,228.2 1,265.2 261*. 960.7 1,118.8 696.3 2I16.O 272.3 275.9 271* .5 8,237.0 8,316.2 8,965.3 210.1* 31*1.9 237.8 303.9 390.1* 3 6 8 9 2 u U 8 9 1 3- 5 U December 19^8 105 . COEPORATIQHS AHD CERTAIM OTHER BUSINESS-TTPE ACTiVlTlBS. Section I - Statements of Financial Condition Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans Part B.- Classified by Agencies (In millions of dollars) End of period Total 2/ Interna- Export -Import Bank Farm Credit Administration of Washington tlonBl Federal CooperaBanks Federal ExpanIntertion for Farm sion of mediate Adminiscooper Mortgage credit defense tration 2/ prjd. atlvee Corp. banks Fed. Home Loan Bk. Board Fed. home loan banks RFC 10/ Expansion of defense prod. Veterans' Administration aaall Business Loan Direct Adminguarantj istration loan program program GSA Public Works Admin, (in 114uldation) Fiscal years; 1950 1951 1952 1953 1951* 1955 1956 1957 1958 Calendar years: 1950 1951 1952 1953 1951* 1955 1956 1957 Current quarteri 1957-Mar. 31 Sept. 30 1958-Mar. 31 12,771.7 11/ 2,233.3 2,321.6 2,388.9 21*5.1 .1 1,529.7 .1* 2,51*7.0 321*. 1,51*3.5 13.1 22.3 30.3 36.5 2,761.8 2,773.6 2,681.5 2,630.2 3,061.3 309.2 321.7 13,689.1* 16,066.0 1,1*57.2 17,863.1* 18,71*3.8 19,1*20.5 20,51*7.5 21,812.8 22 ,893 .U 1,691.6 1,885.5 2,111.3 2,U36.7 32.1* 23,1*99.5 52.9 39-7 29.3 21.6 15.9 11.6 12/ 31*9.1 38l*.3 1*10.0 1*21*. .2 2,1*96.1 1*21*. 21* 2,833.3 377.3 366.7 375.1 13.1* 1,991*. 7.9 19-8 23-5 38.2 2, 191*. 31*. 2, 031*. 38.8 36.5 11*, 595.1 21,807.1 21,820.5 31*3.1 2,226.5 2,296.0 13,1*13.2 11/ 17,966.7 20,086.0 19,575.5 20,506.3 21,091.5 22,755-6 312.1 1,511*. 1,536.8 1,623.9 1,766.8 2,139.5 2,337.7 31*. 2, 806. 2,702.2 2,663.1 3,005.6 2,638.7 2,6l9.U 3,076.7 31*5.5 8 1*57.1 1*51*. 5 U22.7 1*5.5 31* .0 .9 18.1* 11.6 12/ 571* .2 U112.8 751*. 1 816.2 652.7 718.3 675.1 1,016.9 865.7 823.8 773.9 81*6.6 897.7 996.5 1,227.0 1,173.1* 1,079.1* 510.2 633.0 673.3 590.2 637.7 816.0 805.9 86U.2 951.6 867.5 1,U16.8 1,228.2 1,265.2 689.1* 733.6 928.8 81*0.1* 1*30. 1* 997.0 1*28.2 1,039.1* 151*. 521.3 21*5.5 691*. 1 6.9 17.2 28.3 39.5 50.8 60.5 78.2 106.8 156.8 71*3.5 112.7 22.7 671* .0 161*. 33-7 257.1 328.6 1*U.2 26.8 91*5.9 6.8 59.3 323.2 802.9 656-8 652.7 379.6 929.5 960.7 1,118.8 696.3 59.1* 132.3 207.1* 31*. 298.2 370.2 85.1 1*33.3 2.2 816.0 589.5 51*. 1*12.8 115.6 202.9 U63.8 131.5 186.9 216.0 U87.6 573.5 677.1 61*0.1* 89.1 87.1 86.8 86.5 85.6 U.O 87.2 87.1 86.7 85.9 8U.9 83.8 82.6 81.5 55-6 68.2 91.2 129.2 98.0 117.7 11*2.9 81*. 83.1* 82.3 81.1 82. 81.7 81.2 io6 Treasury Bulletin .COEPORATIOWS AND CERTAIH OTHKR BUSIWESS-TYEE ACTIVITIES. Footnotes to Table 1/ BuBlnees-typo activities reporting purauant to Departanont Circular No. 966. 2/ t^ Activities reporting pursuant to Supplement No. 1 to Department Circular No. 966. These are mainly not buelneas-type activities. Excluded from the Juno 30, 1958, figures are those activities whose Imports for that date cover assets only (see Headnote), and also certain activities of the Department of Defense, which have not yet furnished the data required by Supplement No. 1. 1 With the exceptions Indicated In footnote 2. These amounts consist In the main of unexpended balances of general, special, and revolving fund accounts against which checke may be drawn to pay proper charges under these funds. The fimda are considered as aaaete of the agencies, but are not assets of the United States Government since funds must be provided out of future receipts to take care of checks to be Issued against the balances. Less than $500. Footnotes to Table 2 1/ 2/ Includes $52,919 thousand guaranteed loans held by lending agencies. Certain corporations and other business- type activities that have submitted statements of financial condition have guaranteed and insured loons which were made by private financial Institutions. These comaitments are of a contingent nature and have been excluded frcm their balance sheets. The major sgencies that have these contingencies and the amounts are as follows: AotlTlty Amount a/ y 2/ 6/ (In thousands of dollars) International Cooperation Administration: Foreign investment guaranty fund Veterans' Administration: Loan guaranty program Housing and Heme Finance Agency: Office of the Administrator: Ifrban renewal fund Federal Housing Administration Public Housing Administration Agriculture Department: Farmers' Home Administration: Farm tenant mortgage Insurance fund Comnerce Department: Federal ship mortgage Insurance fund Defense production guarantees (various activities).. 156,783 Represents the remaining accountability of the Itolted States Government in certain assets and llabllltlee transferred from the Peconstruction Finance Corporation effective July 1, 195"*. The surplus is considered by the Corporation ae available for future insurance losses and related expenses with respect to insured institutions. Consists of net income from power operations of $U68.Ul2 thousand and net expense of nanrevenue-produclng programs of $186,885 thousaad. Pepresente the net Investment of the United States Government transferred frcan the Reconstruction Finance Corporation effective July 1, 1951*. 2/ 17,010,000 11/ 131,292 22,611,530 3,109,157 12/ 17**,706 IS/ Represents the equity of the Uhited States Treasury In this fund. Includes unrealized purchase discounts amounting to $969 thousand. Includes certain assets transferred to municipalities ^rtilch were formerly Included In "Nonlnterest-bearlng Investment - Other." Includes operating and admlnlatratlve expense funda. Includes guaranteed loans and certificates of interest aggregating $U28,OU7 thousand which are held by lending agencies. Includes $5,600 thousand advanced from a revolving fmd which has been established by appropriations. Represents invested and donated capital. Includes net accrued interest of $1^268 thousand on investment in power facilities. Figures are shown on an estimated basis. Less than $500. 78,590 253,538 Footnotes to Table 4 1/ 2/ Consists of certain activities that are reporting on a quarterly basis and a semiannual basis at the present time. These are businesstype operations. Represents assets and llabllltlee of the Uilted States Civil Service Commlsaion exclusive of trxist and revolving funds. Represents approprlationa for salaries and expenses. Represents assets and liabilities of tto General Services Administration exclusive of trust and revolving funda, and strategic and critical materials. See Table 2, footnote 2. Includes vessels owned and under ccnstructlon. Represents fijmda returned to the Italted States Treasury from sale of capital assets. 2/ 10/ M/ - Part A Represents interest on Invested capital. Includes atock of the International Bank for Reconstruction and Developnent amounting to $635,000 thousand and subscriptions to the International Monetary fund and the Intematiocal Finance Corporation amounting to $2,750,000 thousand and $35,168 thousand, respectively. Includes $1,000,000 thousand due mder the agreeiMnt with Germany Febriiary 27, 1953, ^nd lend-lease and surplus property balances due the ttolted States In the principal amount of $1,875,183 thousand. Includes loan to the Uilted Kingdom amounting to $3,U70,322 thousand outstanding. Lees than $500. Footnotes to Table 4 - Part B I 1/ 6/ Ccnalsts of activities ^Ich are required to report only on an annual basis as of June 30, pursuant to Supplement No. 1 to Department Circular No. 966. These are mainly not businesa-type operations. Excluded from the June 30, 1958, figures are those activities whose reports for that date cover assets only (see Headnote), and also certain activities of the Department of Defense, which have not yet furnished the data required by Supplement No. 1. Includes the National Gallery of Art. Represents nonrevenue-produclng operations. Coneiata of: Leglalatlve Branch - salaries and expenses of the Office of the Superintendent of Docunents; KMcutive Office of the President Bureau of the Budget and Comail of Economic Advisers; and the Independent offices of Advisory Ccmmilttee on Weather Control, Airways ModemlEatlon Board, Comnlsslon on Civil Rights, Corregldor Bataan Memorial Ccannlaslon, Federal Coal Mine Safety Board of Review, General Accounting Office, National Science Foxndatlon, Renegotiation Board, Securities and Exchange CcBmlsaion, Subversive Activities Control Board, and The Tax Court of the ttilted States. Consists of activities of the Office of the Administrator othar than revolving funds, and administrative expenses of the Public Housing Admlni atratlon Consists of: Extension Service, Farmer Cooperative Service, Agricultural Coneervatlon Program Service, Agricultural Marketing Service, Foreign Agricultural Service, Commodity Exchange Authority, Soil bank program, Comnodlty Stabilization Service, Office of the General Counsel, Office of the Secretary, Office of Information, and Library. Consists of: general administrative activities. Office of the Secretary; Bureau of the Census; Patent Office; and National Bureau of Standards. 8/ Represents civil actlvltlee exclusive of the intragovemmental revolving fund. 2/ There Is included in this figure the amount of $2,805,996 thousand which represents the value of Improveiwnts provided by the Federal Government for channels, hsrbors, local flood protection projects, alteration of bridges, and other types of work. These Items have been excluded Trom the value of assets reported under the annual report of real property owned by the Government furnished to General Services Administration. 10/ Consists of: Food and Drug Administration; Freedmen's Hospital; Gallaxidet College; Howard Uiiversity; Office of Vocational Rehabilitation; Social Security Administration - Bureau of Public Assistance, Children's Bureau, and Office of the CcnmilsBloner; and Office of the Secretary, ii/ Consists of Bureau of Dand Management and Office of Terltorlea. 22/ Consists of: Bureau of Accounts, Bureau of the Public Debt, Office of the Treasurer, Bureau of Customs, Bureau of Norcotlcs, and united States Secret Service, 13/ Does not include the cash balance in the account of the Treasurer of • the llilted States. Less than $500. jj , December 1958 107 . CORPOKATIOIfS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES, Footnotes to Table 8 1/ 2/ ^ U/ ^ 6/ 2/ 8/ lx>anB for the fiscal and calendar joare I9U5 through 19l*9 were published In the June I958 leaue of the Bulletin. on loans Flsuree outstanding beginning 1956 Include loans under deposit and trust revolving fund activities not included In Table 7. For the purpose of showing all of the Government loans outstanding, the deposit and trust revolvlog fund loans have been included In Table 8. Includes guaranteed loans held by lending agencies. The major portion of the loans of the Veterans' Administration loan guaranty program are included under "Mortgage loans" throi^ 1955 and under "Other" to eld home owners thereafter. Figxires representing loans made by the International Cooperation Administration prior to 1952 are not available at this time. Incluies the loan to the Ubited Kingdom and guaranteed loans held by lending agencies. Beports on maritime activities were not received by the Itoited States Treasury Department during the period from March 31, 19**7, through March 3I, 1953. Reorganization Plan No. 21, effective May 2U, I95O, abolished the Uhited States Maritime Commission and transferred its functions into the Departioent of Commerce. Reports have been received from the Commerce Department on maritime activities for the fiscal yeeir 1953 and thereafter, but no loans were Beginning with that date, certaij reported prior to December 31, 1955 mortgage notes are classified as mortgage loans. Established In the Department of State by Executive Order No. IO610, dated May 9, 1955, and effective at the close of business June 30, 1955> as successor to the Foreign Operations Administration. Data for earlier periods are for predecessor agencies. On September 29, 1953, pursuant to the act approved July 30, 1953 (15 U.S.C, 609), the Reconstruction Finance Corporation started liquidation of its activities, except those carried on by the Corporation pursuant to Section U09 of the Federal Civil Defense Act of 1950 C50 App. U.S.C, 2261) and expansion of defense production activities carried on piirsuant to the Defense Production Act of 1950, as amended (50 U.S.C. App. 2091-209^), 4*lch had been transferred to the Secretary of the Treasury as of September 28, 1953, &nd as of the close of business on September 28, 1953, respectively. Effective at the close of business June 30, 195^, pursuant to Reorganization Plan No. 2 of 195^, certain functions and related assets of the Corporation were transferred to the Export-Import Bank of Washington, the Federal Rational Mortgage Association, and the Small Business Administration. On July 1, 195**, the remaining activities of the Corporation were transferred to the Secretary of the Treasury to complete their liquidation, pursuant to the act of July 30, 1953, as amended Jmxe 29, The Corporation was abolished effective at the close of 195^^. business June 30, 1957, by Reorganization Plan No. 1 of 1957, and the remaining fimctiona of the Corporation were transferred to the Bousing and Home Finance Administrator, Administrator of General Services, Administrator of the Small Business Administration, and the Secretary of the Treasury. Totals Include loans of Heme Owners* Loan Corporation amounting to $6U.2 million as of June 30, 1950, and $9.6 million as of December 31, 1950. Beginning I956 notes receivable which had previously been classified as loans are classified as other assets and are not included In this table. Figure for Jiaie 30, 1950, conslsta of Alaslca bousing loans. Subsequent figia-«8 include also; beginning December 31, 1950, loans for • 2/ 10/ 11/ 12/ 33/ community facilities service (previously Included under Public Works Administration), prefabricated houelr^ loans (transferred from the Reconstruction Finance Corporation), and urban renewal loans authorized by the Housing Act of I9U9, as amended (U2 U.S.C. ll*52 (a)); beginning December 31, 1951, college housing loans authorized by the Housing Act of 1950, as amended (12 U.S.C. 17^9); beginning December 3I, 195"*, loans held by the revolving fund established pursuant to the act approved June 2U, 195U (68 Stat, 295) for liquidation of not only Alaska housing, community facilltiea service, aial prefabricated housing loans already Included but also loans under the Farm Security Administration program, the public war housing progi*am, and the veterans' re -use housing program, all three of which previously were handled by the Public Housing Administration; as of December 31, 1955, public works planning loans authorized by the Housing Act of 195** approved Ai^ust 2, 195l^ (UO U.S.C. 1*62); beginning December 31, 1956, public facility loans authorized by the Housing Amendments of 1955 approved August 11, 1955 (U2 U.S.C. IU9I); and from December 31, 1956 through September 30, 1957, community disposal operations loans authorized by the Atomic Bwrgy Cosnualty Act of 1955 approved Ai^ust h, 1955 (U2 U.S.C. 2301 note) and KMcutlve Order No. IO657 of Febrtary lU, 1956. 1^/ The Federal HatlomO. Mortgage Association Charter Act approved August 2, 195"* (12 U.S.C. 1716), authorized the Association to carry on three functions consisting of management and liquidating fimctions, secondary market operations, and special assistance functions. Its activities under these three functions began on November 1, I95U. 15/ All figures In this colxmm Include the loans of the Uhlted States Housing Act program. Also Included are the homes ccnversion program as of June 30, 1950, the Farm Security Administration and public war housing programs fran June 30, 1950, thjpoieb June 30, I95I*, and the veterans* re-uee housing program frcm Jine 30, 1953 throi^ June 30, I95U (see footnote 13). 16/ Consists of the Formers' Heme Administration loan programs, the disaster loans, etc., revolving fiaid, the farm tenant mortgage insurance fund, and the State rural rehabilitation funds beginning Jme 30, 1956. Prior to June 30, 1956, the farm tenant mortgage insurance fund was included in the statement of financial condition of the loan programs. 17/ See footnotes 7 and 8. ^aj Caoaiete of the loan to the Ublted Kli^doei and other nlaceXIaneoue loane, Federal civil defenee loana ^ginning Decemter 31, 19^3, and the loans of the Reconetructlon Finance Corporation liquidation fixid heglnnlng Septemher 30, 1957 (see footnote 10), 19/ The major portion of the loans are held by the Inland Waterways Corporation; Department of the Interior - Puerto Blco Reconstruction Administration through Deoomher 31, 195lt, fisheries loan fund beginning March 3I, 1957, and Indian loans; DopartBsnt of the Aiwy guaranteed lx>ans (World War II) throieh March 31, 1958; the developnent loan fund as of June 30, I958; and agencies reporting loans pursuant to the Defense Production Act of 1950, as amended (50 U.S.C. App. 2091), vhlch conalet of the Departasnta of the Arny beginning June 30, 1951, Nayy beglnnli« December 31, 1951, and Air Force beginning June 30, 1956. 20/ Beginning 1956 mortgage notes and sales contracts vhlch had previously been classified as loana are classified as other aseeta and are not Included in thla table. . less than $50,000. r Revised for reclassifloatlon of Rural Electrification Administration loans. Treasury Bulletin X03 .CUMULATIVE TABLE OF CONTENTS. January through December 1958 Ibsub and page number 1958 Jan. Reporting bases Articles: Treasury financing operatlans Svaaaxj of Federal f isced operations Budget receipts and eipendlturea: Receipts by principal sources Szpendltures by agencies Siunmary of appropriations and authorisations, expendltiires, and balances, by agencies Sxpendlturea and balances by funotiona Trtist accoxint and other transactions: Sumaary of trust account and other transactions Trust account receipts Trust and deposit fund account expenditures Net InTestnent Iqt Goremment agencies In public debt securities.... Ret redeBq)tlaa or sale of obligations of Govemment agencies In the market Federal Old -Age and SurrlTors Insurance Trust Find Uumploynent Trust Fixid Bal Iroad Betirement Account Rational Service Life Insiiranoe Fund mTestaents of specified trxist accounts in public debt securities, by Issues (latest date Septenber 30, 19^) 6 Cash income and outgo: Sunmary of Federal GoTemment cash transactions with the public... SuBBary of cash transactions through Treasurer's account Derivation of Federal receipts from the public, and reconciliation to cash deposits In Treasurer's account Derivation of Federal payments to the public, and reconciliation to cash withdrawals from Treasurer's accoxmt IntragoTemnental transactiona Accrued interest and other noncash expenditures Derivation of Federal net cash debt transactions with the public, and reconcillaticn to transactions through Treasurer's account.... Accoiat of the Treasurer of the Hiited States: Status of the account of the Treasurer of the Oiited States Analysis of changes in tax end loan e^jcount balances Debt outstanding: Sunmary of Federal securities Computed interest charge and rate on Federal securities Interest-bearing public debt Average length and maturity distribution of marlcetable Intereet-bearlng public debt Special lsBT»s to U. 5. Govemaent investment accounts Treasiffy holdings of securitiea isauad by Government agencies 11 11 12 13 13 lU Ifi 17 18 19 18 19 20 Statutory debt limitation Debt operations: Maturity schedule of interest-bearing public marketable securities Issued by the U. S. Govemment Offerings of Treastar bills SiBBary of new money financing throiigh Treaaury blUa Offerings of narketable issues of Treasury bonds, notes, and • certificates of Indebtedxiess Allotments Investor classes on subscrlpticos tar narketabla isai«s of Treasury bonds, notes, and certlfloatee of indebtedneaa. Disposition of matured marketable Issues of Treasury bonda, notes, and certificates of Indebtedness ^ 22 2U 25 26 29 31 Itilted States aavings bonds: emulative sales and rede^tions fey series Sales an4 redeiq)tloas by periods, all series combined Sales and redemptions by periods. Series I through K Bedemptlons of matured and unmatured bonds Sales aiMl redemptions by denominations. Series B end H combined.... Sales by States, Series K and B ccablned 33 33 3*» 36 Feb. Mar. Apr. Ma; June Jul; Ai«. Sept, December 1958 109 .CUMULATIVE TABLE OF CONTEMTS. January through December 1958 - (Continued) leeue and page niaber 1958 Apr. Ownerehlp of yftderal Becurltles: Distribution bj clasBes of inveetora and types of laev»B Net market purchasee or ealea for InTeatmont accounte handled by the Treasury Kstljuated ownerehlp 37 38 37 38 38 38 38 39 39 Ma; 1.3 Jwe 38 US 38 39 1.5 UO Treasury surrey of ownership of Federal securitiee: Ownership by banks, insurance companies, and others Ownership by coomercial banks classified by membership in Federal Reeerre System (latest date June 30, 1958) 39 Market quotations; Bid -of-month cloaing quotations co Treasury aecuritiea Chart - Yields of Treasury securitiee ''3 50 i»8 1.1. 1.9 u l'5 52 50 1.6 51 1.6 51 52 1.7 52 53 1.7 U8 53 1.9 51. 1.9 51. 50 55 50 51 57 51 52 52 53 56 57 57 58 59 53 58 l?y Issues.. 1.6 UO July Ai«. 39 U6 39 UO U6 U7 U8 Sept. UO U5 UO Ul UO Ul U5 U6 U2 U2 U7 50 52 U6 U8 51 53 5U U9 50 5U 55 56 57 51 52 56 58 59 59 60 61 U6 U5 U7 53 Average yields of lopg-term bends: Average yields of Treasury and corporate bonds by periods Chart - Average yields of Treasury and corporate bonds i«6 U7 1.8 U8 U9 55 56 55 Internal revenue collections: Siamary by principal sources Chart - Internal reventie collections by principal sources Detail of excise tea collections U8 U9 55 56 55 57 Mcnetary statistics: Money in circulation Monetary stocks of gold and silver Gold assets and liabilities of the Treasury Components of silver monetary stock 50 51 51 52 Seigniorage on silver Increment from reduction in weight of gold dollar (latest date September 30, 1958) 53 Kxehapge Stabilitation Fund ( 57 58 58 59 60 58 59 60 51. 51. 51. 55 56 52 53 53 5U 59 59 53 60 60 61 51. 55 62 60 60 61 62 5U 55 56 60 59 62 61 61 60 61 63 6U 62 63 latest date June 30, 195fl): Balance sheet Income and expense 62 national bank reports: Swnlngs, expenses, azid dividends for calendar years 1953-57 57 Capital movements between the lliited States and foreign comtrles: Siaaary by periods since 1935 Sunnary by countries and periods Short-term banking liabilities to foreigners, latest month Short-term banking claims oa foreigners, lateat month Purchases and sales of long-term securities by foreignars, latest month Short-term liabilities and claims reported by noQfinanclal concams. Long-term liabllitiea and claims reported by banks and bankers Estimated gold and short-term dollar resources of foreign countries and international inatitutlons Foreign credit and debit balances In brokerage accounts Short-term liabilities, countries and areas not regulBrly reported.. Corporations Statements Inccaa and Source and and certain other buslnese-type activities: of financial condition (latest data Jtns 30, 1958)... expenae ( lateat data Decamber 31, 1957) application of funds (lAteot date Decemter 31, 1957). 61 62 63 66 70 71 63 72 70 5lt 57 61 61. 68 69 6l« 55 58 62 63 62 65 69 70 6U 65 58 61 65 66 56 59 63 67 65 66 71 68 72 69 75 61> 63 66 70 71 57 6U 60 67 6U 65 71 66 67 7U 72 7U 75 66 77 66 86 68 73 91 GPO iUMS TREASURY DEPARTMENT BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER ISCAL SERVICE. WASHINGTON 25, D.C. OFFICIAL BUSINESS y<^2l^ Treas. U.S. Treasury Dept. HJ 10 Treasury Bulletin .A2 1958 C.2