Full text of Treasury Bulletin : December 1959
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LIBRARY
ROOM 5025
JUL 2 01960
TREASURY DEPARTMENT
»•
*
•
LIBRARY
•
-
ROOM
JUN
5030.
2 3 1972
TREASURY DEPARTMENT
t
•-.
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, D.C.
OFFICIAL BUSINESS
/trm*.
TMEASUMY:
EUILILETEN
DECEMBER -I35B
UNITED STRTES TREASURY DEPARTMENT
DFFICE DF THE SECRETARY
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, $7.5° foreign.
Single copy price varies
December 1959
Table of Contents
Page
Treasury financing operations
A-l
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.
zK
Public debt operations
25
United States savings bonds
lj-2
Ownership of Federal securities
lj-6
Treasury survey of ownership of Federal
securities
l^.g
Market quotations on Treasury securities
52
Average yields of long-term bonds
55
Internal revenue collections
57
Monetary statistics
6l
Capital movements
gc
Corporations and certain other business-type
activities - statements of financial condition.
77
Cumulative table of contents
HI4.
Note: Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear In the
are based largely on two Treasury financial
Treasury Bulletin
reports,
11
the "Dally Statement of the United Statee Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
Certain monetary statistics are based
at least in part on the "Circulation Statement of United States
United States Government."
Money."
Where these statements are given
dividual tables,
they are cited by name only.
reporting bases are described below.
Bulletin,
as
sources for in-
Their respective
For other data in the
Information on sourcss or reporting bases Is given In
The dally statement on the new basis was first Issued for
In the deposits and withdrawals as shown,
February 17, 195^.
etc.
).
The deposits are on the basis of certificates of deposit
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dis-
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks issued and are adjusted by means of
clearing aocounts to the total of checks paid. Except for
relatively minor amounts, noncash lnterfund and other intra-
connection with the tables themselves.
governmental transactions are excluded.
The monthly statement of receipts and expenditures was first
published for February 1$^, and replaced the dally statement as
the primary source of Information on budget results and other
receipt
no
distinction is made as to the type of accounts (budget, trust,
and expenditure data classified by type of account.
The public debt figures
In the dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks.
debt transactions are Included,
Noncash
however.
At the same time, the dally statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
Treasurer of the United States. Both publications have provided
comparative figures on their respective bases from the beginning
The dally statement before February If, 195 '» covered not
only transactions cleared through the Treasurer's aocount but
t)
also certain Government agency transactions which were handled
195^,
through commercial bank accounts, and Included noncash lnterfund
with respect to these reporting changes may be found in the
April 195^ issue of the Bulletin.
and other In tragovern mental transactions. It provided information
similar to that In the present dally statement with respect to the
of the fiscal year 1953.
Tke announcement of February 17,
status of the Treasurer's account,
The monthly statement shows all receipts and expenditures
of the Government,
Including those made from cash accounts held
outside the United States Treasury.
The Information is compiled
and similar to that In the
end-of-month
dally statement with respect to debt
lsBuanoe, retirement, and amount outstanding.
Receipts and
present
expenditures, however, were classified by type of account, and
from reports by the Treasurer of the United States and by all
the budget results shown in the dally statement were used as the
other collecting and disbursing agencies, including those agencies
basis for reflecting the results under the President's budget
which maintain checking accounts In commercial banks. These
reports cover transactions recorded in the accounts of the
agencies during the reporting period. The net of the transactions as compiled from these reports is reconciled in the
program as enacted by the Congress.
monthly statement to changes In the balance
In the Treasurer's
aocount and in cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially on a
collections basis.
collections basis and partially on
a
deposits basis. Expenditures,
except Interest on the public debt, are reported on the basis of
oheeke issued or cash payments made by disbursing officers.
Transactions of an lnterfund or lntragovernmental 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 1955
and the fiscal year 1955* Prior to that, It was included on a
due and payable basis.
The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts. Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures in the "Budget of the United States Government."
Receipts were on the baslB of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases.
Through 19U6 they
were on the ba6ie of checks paid by the Treasurer of the United
Statee.
Beginning with 19^7 expenditures made through the
facilities of the Treasury Department's Division of Disbursement
1
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Department of Defense and its predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, consisting of market
transactions in public debt and guaranteed securities, were as
reported by the agencies.
Interest on the public debt was in-
cluded on a due and payable basis beginning with November
~>9^9
and on a checke-pald basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stooke of gold and
silver and the amounts of coin and currency in the money eupply
of the country.
It
Is lBSued later than the daily statement,
however, and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
December i959
A-l
Treasury Financing Operations
November Financing Announcemente
ury bills applied for, unless the tenders were
The Treasury Department announced on November
19. 1959, the offering for cash of $2,000 million,
accompanied by an express guaranty of payment by an
Incorporated bank or trust company. Except for the
or thereabouts, of 320-day Treasury bills to be dated
depositaries' making payment by credit In their
Treasury tax and loan accounts, payment of aooepted
tenders at the prices offered was required to be
December
2,
1959,
and to mature October 17, i960; and
an exchange offering for Series F and G savings
bonds Issued In 1948, and maturing In i960 ($1,600
million outstanding
from November 23 through
November 30, at face value, with certain Interest
),
and other adjustments to December 15,
1959,
of 4-3/4
percent Treasury notes of Series A-1964 dated July
1959, maturing May 15, 1964, to be Issued at
percent and accrued Interest to December 15,
99- 3
20,
A
1959.
Any commercial bank qualified as a depositary
was permitted to make payment for any cash payments
authorized or required to be made for the new securities allotted to Itself and Its customers by credit
In Its Treasury tax and loan account up to the amount
for which It was qualified In excess of existing
deposits.
The Treasury also made a preliminary announcement
ofa plan to permit holders of Series E savings bonds,
and unmatured Series F and J savings bonds, to ex-
change them, effective January 1, i960, and thereafter, for Series H savings bonds, subjeot to deferral of unpaid accruals on the exchange for Federal
made or completed In cash or other Immediately
available funds on Deoember 2. The average rate
of dlsoount for the issue was 4.860 peroent. Tender!
amounting to more than $2,007 million were accepted.
Included In the total were noncompetitive tenders
for $400,000 or lees aggregating approximately
|400 million, which were accepted In full at the
average price of accepted competitive bids.
Weekly Bills Refunded
Regular weekly Issues of Treasury bllle totaled
$6.2 billion In November, refunding the total and
weekly amounts of the maturing 13-week and 26-week
bills. The four Issues of 13-week bills amounted to
$4.6 billion and the four 26-week Issues to $1.6
billion.
Issues for the first three dates have
91-day and lS2-day maturities, and for the fourth,
90-day and 181-day terms. The new 13-week issues
were $1.2 billion each except that for November 5
which was for $1.0 billion. Each 26-week issue
was for $0.4 billion.
Average rates of dlsoount
on the new bills were as follows:
Income tax purposes.
Treasury 320-day Bills
The offering of 320-day Treasury bills was the
fourth and final step In the Treasury program for
the establishment of a pattern of one-year maturities on quarterly dates In January, April, July, and
October, which was Initiated on April 1, 1959. The
bills were sold on an auction basis on November 24.
Subscribers to the bills were required to agree
not to purchase or to sell, or to make any agreements with respect to the purchase or sale or other
disposition of, the Treasury bills for which tenders
were submitted under this offering, until after
1:30 p.m. on November 24, the closing hour for
tenders
Tenders for the 320-day bills opened on November 24 were received without deposit from Incorporated banks and trust companies and from responsible
and recognized dealers In Investment securities.
Tenders from others were required to be accompanied
by payment of 2 percent of the face amount of Treas-
13 -week
(Additional amount of bills of
original maturity of 26 weeks)
.
.
Treasury Bulletin
Holders of $1, 634 million of the notes took
advantage of the offering to exchange their notes
for 4-7/3 percent Treasury notes of Series C-I963,
dated November 15, 1959, and maturing November 15,
The books were open for this exchange on
1963.
November 2 through November 4. With the redemption on February 15, i960, of 3157 million of the
notes of Series B-I962, the amount of t he Issue
of the Series F and G bonds receive Interest on the
new notes at the rate of 4-3/4 percent from November
1959,
15,
notes from November 15, 1959, to December 15, 1959
($4.00 per $1,000), and were credited with the dis-
count on the Issue price of the notes ($2.50 per
$1,000).
remaining outstanding for redemption on August 15,
1962, will be $160 million.
Notice of Intention to redeem on February 15,
i960, must have been given in writing directly to
any Federal Reserve Bank or Branch or to the Office
of the Treasurer of the United States, or placed In
1959. A
The notes to be redeemed
on February 15, i960, will be stamped to show that
they are payable on that date, and the coupons maturing after that date, attached to the notes, have
the mall prior to midnight November 16,
notice may not be revoked.
been cancelled.
interest adjustments were made as follows:
All subscribers were charged accrued Interest on the
The Series F and G bonds were accepted in the
exchange at amounts set forth in the two accompanying
tables as set forth in the offering circular.
These
exchange values were fixed to provide the holders of
such bonds an Investment yield approximately
per-
1
cent more than otherwise would accrue from December
15,
1959,
until their respective maturity dates, less
an amount equal to the Interest which will accrue on
the 4-3/4 percent Treasury notes during the corre-
sponding period. The effect of these adjustments
will also provide for the notes an Investment yield
of approximately 4.31 percent per annum from the
Exchange of Notes for F and G Savings Bonds
The 4-3/4 percent Treasury notes constitute an
amount additional to the $4, 134 million of notes
previously outstanding (including $2,673 million
respective maturity dates of the Series F and G
bonds to May 15, 1964, the maturity date of the
notes
held by the Federal Reserve Banks and Treasury In-
The notes were made available in registered
as well as in bearer form, and were Issued
vestment accounts), and which were Issued on July 20,
form,
Interest is payable on the notes on May 15
1959.
and November 15. Although the subscription books
were open only from November 23 through 30, sub-
in denominations of $1,000, $5,000, $10,000, $100,000,
scribers who were unable to consummate their subscriptions within that period but who submitted a
letter of intent postmarked November 30 or earlier
were given until the close of business on December
10 to complete their subscriptions.
Exchanges of Series F and G savings bonds maturing in i960 were made on the basis of equal face
amounts and were allotted In full.
Since holders
F bonds
maturing
in 1960
on the first
day of-
Exchange
values
of F bonds
per $100 (face
amount)
(1)
January...
February..
March
April
*y
June
July
August ....
September.
October. .
Novembe r
December.
.
1/
199.8^
99.52
99.20
98.92
98.60
98.28
97.%
97.68
97.36
97.04
96.76
96.U
$1,000,000,
$100,00^,000, and $500,000,000.
Hold-
ers of smaller denomination Series F and G bonds
could exchange them for the next higher multiple
of
$1,000 upon payment of any cash difference.
The exchange values of Series F bond6, the
differences between such values and the offering
price of the 4-3/4 percent notes, the interest
which will accrue on such notes, and the total
amounts to be collected from holders of Series F
bonds per $100 (face amount) are as follows:
Charge for
differences
between $99.75
(offering price
per $100 of
notes) and
exchange values
of bonds
Interest to be
charged on
notes per
$100 (face amount)
of F bonds
Total
amounts to be
collected from
subscribers
per $100 (face
amount) of F
bonds accepted 1/
(2 plus 3)
(2)
(3)
$-0.09
$0.31
0.23
0.55
0.83
1.15
$0.40
0.40
0.40
0.40
0.40
1.47
1.79
2.07
2.39
2.71
2.99
3.31
0.40
0.40
0.40
0.40
0.40
0.40
0.40
1.87
2.19
2.47
2.79
3.11
3.39
3.71
(4)
0.63
0.95
1.23
1.55
In addition, for each $100, or multiple or fraction thereof, between the face amount of Series F bonds
submitted and the face amount of notes subscribed (to next higher multiple of $1,000) the subscriber
must pay $100.15 ($99.75 issue price plus $.40 accrued interest).
"
..
.
December 1959
The exohange values of 9erles
bonds, the
dlfferenoee between auoh values and the offering
prloe of the 4-3/1* peroent notes, the aoorued interest to be oredlted on the
bonds, the Interest
Exohange
values
of G bonds
per $100
Q bonds
maturing
in 1960 on
the first
day of-
(faoe
amount)
(1)
Jarmary .
February..
Maroh
April
$99.94
.
99.83
99.72
99.62
99.51
99.il
99.30
99.19
99.08
98.98
9e.87
98.77
*y
June
July
August....
September.
Ootober. .
November..
Deoember
.
1/
2/
Charge for
dlfferenoee
between
$99.75 (offering prloe per
$100 of notes)
and exohange
values of
bonds
(2)
1-0.19
-0.08
0.03
0.13
0.24
0.34
0.45
0.56
0.67
0.77
0.88
0.98
Interest
to be
oredlted
on G bonds
Interest
to be
charged on
notes per
per $100
$100 (faoe
(faoe
amount) of
bonds
amount)
Total amounts
per $100 (faoe amount)
of G bonds aooepted i/
Te be
paid to
subscribers
g/
(3
mlnufi
2 and 4)
(3)
(4)
$1.15
0.94
$0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.40
0.73
0.52
0.31
0.10
-3/
0.94
0.73
0.52
0.31
0.10
0.40
0.40
0.40
0.40
(5)
To be oolleoted from
subscribers
(2 and 4
minus 3)
(6)
$0.94
0.62
0.30
$0.01
0.33
0.64
0.95
0.02
0.34
0.65
0.97
1.28
In addition, for eaoh $100, or multiple thereof, between the
faoe amount of Series G bonds submitted
° f 1°**" » ub8 0rib « d < t0 »«* higher multiple of $1,000) the subsorlber must pay
«oo
#
»?m^
2/
whloh will aoorue on the notes, and the total amounts
to be paid to or oolleoted from holders of Series
G bonds per $100 (faoe amount) are as follows:
ET
»100.15 999.75 issue prioe plus $.40 aoorued lntereet).
The net amount to be paid to subscribers will be paid following
acceptance of the bonds by the agency
through which the exchange le made.
Interest will be paid to January 1, 1960, on bonde maturing July 1, 1960, 1b regular course on
January 1, I960, by checks mailed by the Treasury Department. As these cheeks will Include unearned Interest for the period from Deoember 15, 1959, to January 1. 1960, eaoh subscriber who
tenders these bonds will be required to make an Interest refund or $.10 per $100 (face amount).
The above amount in oolumn 6 of $.95 includes such refund.
Exohange of E, F, and J for H Savings Bonds
The Treasury further announoed that regulations would be Issued in Deoember, effeotlve on
January 1, i960, and thereafter, under whloh holders
of outstanding Series E savings bonds, and unmatured
Series F and J savings bonds, may exohange them at
ourrent redemption values for Series H bonds, and
have the privilege of treating the lnoreaee In redemption value (to the extent not previously lnoluded In gross lnoome) In exoess of the amount paid for
such 9erles E and unmatured Series F or J bonds,
lnoludable In gross lnoome In the taxable year In
whloh the Series H bonde are finally redeemed or
disposed of, or In the taxable year of final maturity, whlohever Is earlier.
Exohanges of Series E
and unmatured Series F and J savings bonds under
these conditions are authorised In the law requested
by the Treasury, and enaoted by the Congress during
Its last session, approved September 22, 1959.
The offering olroular will oontaln a provision
with respeot to this exohange, reading as follows:
"Pursuant to the provisions of seotlon
IO37 (a) of the Internal Revenue Code
of 1954 as added by Publlo Law 86-346
(approved September 22, 1959), the
Seoretary of the Treasury hereby deolares that no gain or loss shall be
reoognlted for Federal lnoome tax purpoeee upon the exohange with the United
States of the Series E, F, and J savings
bonds solely for the Series H savings
bonds.
Gain or lose, If any, upon the
obligations surrendered In exohange will
be taken Into aooount upon the disposition or redemption of the new
obligations.
The effeot of this proposed action by the
Treasury will permit many persons who hold amounts
of Series E and unmatured Series F and J bonde on
whloh the Interest earnings are refleoted In the
lnoreaee In redemption value from date of issue
until maturity, or earlier redemption prior to
maturity, to exohange them for Series H current
lnoome bonds on whloh Interest is payable each six
months by oheok Issued to the bondowner.
Hitherto, persons redeeming their Series E,
and J savings bonds to purohase Series H bonde
have been required to lnolude the lnoreaee In value
F,
(dlfferenoe between ooet and redemption value) In
their inoome tax returns In the years In which the
transactions ooourrad, unless suoh lnorement has
been Included previously in their gross lnoome.
Under the proposed exchangee effeotlve after Jan1, I960, payment of lnoome taxes on the lnoreaee In value may be deferred until the Serlee H
uary
bonde are finally redeemed or disposed of, or until
the taxable year of final maturity, whichever le
earlier.
j
A-U
Treasury Bulletin
Exohanges of the Series E and unmatured Series
F and J bonds for Series H bonds will be authorized
without regard to the annual limitation of $10,000
of Series H bonds which m«y be purchased under
current regulations.
Series H savings bonds are issued at par.
They
are dated the first day of the month In which payment
Is received and mature ten years thereafter.
Inter-
est Is payable on a graduated baele and 1* equivalent
to a rate of
3-3A peroent
until maturity.
If
the bonds are held
The bonds are Issued In denomina-
tions of $500, {1,000, $5,000, and $10,000. For
eaoh $100 of Investment, Interest Is paid amounting
to $2.25 for the first year, $3.60 for the second
year, and $l+,00 for each year thereafter until
maturity.
Detail of Improved E and H Savings Bonds
The Treasury's announcement of September 22
contained substantial Improvements In rates of return
for both new and old Series E and H savings bonds
(see October Treasury Bulletin page A-2).
The
application of the new terms to outstanding bonds
varies, depending on their original rates of return
and their dates of Issue. A summary of the effect
of the new terms on existing bonds le outlined below.
Complete schedules by dates of Issue,
and,
effeotlve June
1,
1959,
Same denominations as before
—
$25,
SO, 100,
$200,
500, 1,000, 10,000.
—
Same prices as before
IS. 75 for a ^25 bond;
for a ^50 bond) ^75 for a lOO bond) etc.
37.50
Extension privilege for 10 additional years of holding is
provided . Interest rates and other terms and conditions
to be determined as the bonds approach maturity.
New terms apply regardless of what is printed on the bond
if the issue date is June 1959 or after. Accurate payment is assured by the table of redemption values furnished all paying agents, on which current redemption
values are automatically keyed to the issue date on
each bond sold. Those who have purchased bonds beginning June 1959, but before the newly printed bonds were
available, may exchange their old bonds for the new if
desired, but they get the benefit of the new terms
regardless.
ALL OUTSTANDING E BONDS WITH ISSUE DATES PRIOR TO JUNE 1959
Earn at least 1/2$ more than before from now to next
maturity, with
th leaser
le
improvement in yields if redeemed
earlier. The improved rates start with the next full
interest period beginning on or after June 1959. There
is no retroactive increase in interest rates for periods
prior to June 1959.
Term to maturity or extended maturity la unchanged. The
higher rate for the remaining time means an increase in
the new as against the former redemption values.
Here Is how the Improved rates to the next maturity will
apply. The improvement depends on the former rates on
these bonds for holding to maturity or for the full
extension.
of past
future redemption values
1, Unmatured bonds reaching original maturity beginning
December 1959 (dated December 1949 through May 1959):
(for a $100 Series E bond) and amounts of Interest
checks (for a $1,000 Series H bond),, as well as In-
vestment yields, are shown In Tables 1 and 2 which
follow.
Similar Information for each denomination
Is set forth In the official offering circulars
(Department Circular No. 653, Fifth Revision, for
Series E and Department Circular No. 905, Second
Revision, for Series
H,
both dated September 23,
1959).
a. 1/2$ more on former 3-1/4$ bonds with issue dates
of February 1957 through May 1959 (new maturity
values ranging from 103.20 to $104.24 vs. old
100.00)
b. l/2$ more on former 3$ bonds with issue dates of
May 1952 through January 1957 (new maturity values
ranging from 101.08 to 103.60 vs. old 100.00)}
c. 6/10$ more on former 2.9$ bonds with issue dates
of December 1949 through April 1952 (new maturity
values ranging from 100.32 to $101.48 vs. old
100.00).
A summary of terms and conditions on the new
3-3/'*$ Series E and H savings bonds
beginning June
1,
1959.
1B
with Issue dates
Included for comparative
Example: Former 3$ bond dated June 1955.
Redemption values (for lOO bond) and investment
yields from June 1, 1959:
purposes.
If held for:
SERIES E
NEW E BONDS WITH ISSUE DATES JUNE 1959 OR AFTER
Earn 3-3/4$ when held to maturity compared to the former
3-l/4% (compounded semiannually).
—
Mature Id 7 years and 9 months
1 year and 2 months
earlier than the former 8 years and 11 months. The
higher Interest rate means a shorter time to maturity.
Pay a higher return for shorter terms of holding:
3$ when held 2 years, as against 2-3/4$ before)
3-1/2* when held 4-1/2 years, as against 3-1/8$ before.
December [959
A-5
2.
Bonds' maturing
(reaching original maturity June to
November 1959), dated June to November 1949. See
description of improved extension below.
3.
Matured bonds vhich reached original maturity before
June 1959 (dated May 1941 through May 1949):
a. 1/2$ more on former
3$ (extension) bonds with
issue dates of May 1942 through May 1949 (n«w
extended maturity values ranging from $136.36
to $U1.12 vs. old $134.68);
(extension) bonds
with issue dates of May 1941 through April 1942
(new extended maturity values ranging from
$134.52 to $135.32 vs. old $133.33).
b. 6/10% more on former 2.9%
Example
Former yf» (extension) bond dated December
Redemption values (for $100 bond) and
investment yields from June 1, 19591
:
1943.
If held for:
Treasury Bulletin
A-6
Table 1.- Series E Savings Bonds - Redemption Values and Investment Yields,
Effective June 1, 1959
Part A.- Former 2.9? Extension Bonds, with Issue Dates of May
1,
1941,
through April
1,
1942
($100 face value bond l/)
June 1 through Nov. 1, 1941
May 1, 1941
Investment yield 2/
Period after Issue date
Redemption
value 2j
Period
held
U
First £ year
to 1 year
1 to l£ years
I? to 2 years
2 to 2£ years
2j to 3 years
3 to 3 ir years
3 £ to 4 years
years
i to
t"
years
4
5 to 5^ years
5£ to 6 years
6 t o 6£ years
f>2 to 7 years
7 to 7i years
7^ to 8 years
8 to 8£ years
c% to 9 years
9 to
years
9£ to 10 years
Maturity (10 years )..
175.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
84.00
86.00
88.00
90.00
92.00
94.00
96.00
98.00
100.00
:
4
c:
:;
>
%
Investment yield 2/
Redemption
Period
value 2j
to next
maturity 5/
0.00*
.00
.67
.88
.99
1.06
1.31
1.49
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.45
2.57
2.67
2.76
2.84
2.90
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
4.01
4.18
4.41
4.36
4.31
4.26
4.21
4.17
4.12
4.08
Period after maturity date
Dec. 1, 1941 through Apr. 1, 1942
Period
held 4/
$75.00
0.00?
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
84.00
86.00
88.00
90 00
92.00
94.00
96.00
98.00
100.00
.00
.67
.88
.99
Investment yield
Redemption
Period
value 2/
to next
maturity £/
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
4.01
4.18
4.41
4.36
4.31
4.26
4.21
4.17
4.12
4.08
1.06
1.31
1.49
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.45
2.57
2.67
2.76
2.84
2.90
Period
held 4/
$75.00
0.00*
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
84.00
86.00
88.00
90.00
92.00
94.00
96.00
98.00
100.00
.00
3_/
Period
to next
maturity $J
.67
.88
.99
1.06
1.31
1.49
2.12
2.30
2.45
2.57
2.67
2.76
2.84
2.90
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
4.01
4.18
4.41
4.36
4.31
4.26
4.21
4.17
4.12
4.08
Extended Maturity Period
First k year
f to 1 year
1 to l£ years
l£ to 2 years
2 to 2\ years
2£ to 3 years
3 to 3^ years
3£ to 4 years
4 to 4£ years
ii to 5 years
5 to 5£ years
5£ to 6 years
6 to 6£ years
6j to 7 years
7 to 7^ years
7£ to 8 years
$100.00
101.25
102.50
103.75
105.00
106.25
107.50
108.75
110.00
111.25
112.50
113.75
115.00
116.25
117.50
120.00
years
122.67
2.90*
2.88
2.86
2.84
2.82
2.81
2.79
2.77
2.75
2.74
2.72
2.71
2.69
2.67
2.66
2.70
*2.90*
*2.92
•2.94
»2.97
*3.01
•3.05
3.10
•3.16
*3.23
*3.32
*3.43
*3.56
*3.73
•3.96
«4.26
•4.26
$100.00
101.25
102.50
103.75
105.00
106.25
107.50
108.75
110.00
111.25
112.50
113.75
115.00
116.25
117.50
120.00
2.90*
2.88
2.86
2.84
2.82
2.81
2.79
2.77
2.75
2.74
2.72
2.71
2.69
2.67
2.66
2.70
122.67
2.75
*2.90*
*2.92
•2.94
*2.97
»3.01
•3.05
•3.10
*3.16
•3.23
•3.32
•3.43
•3.56
»3.73
•3.96
*4.26
*4.26
$100.00
101.25
102.50
103.75
105.00
106.25
107.50
108.75
110.00
111.25
112.50
113.75
115.00
116.25
117.50
120.00
2.90*
2.88
2.86
2.84
2.82
2.81
2.79
2.77
2.75
2.74
2.72
2.71
2.69
2.67
2.66
2.70
*2.90*
»2.92
*2.94
«2.97
*3.01
*3.05
*3.10
»3.l6
•3.23
*3.32
•3.43
•3.56
»3.73
•3.96
•4.26
«*4.86
Revised terms
8 to
8^-
8£ to 9 years
2.75
«4.77
125.33
**4.82
Revised terms
2.80*
$125. 44
$122.76
2.76*
4.93*
4.92*
125.64
2.81
5.01
5.02
5.11
128.68
131.92
135.32
2.86
2.92
2.97
5.10
5.15
Revised terms
9 to 9^ years
9£ to 10 years
Extended maturity (10 years
)
Footnotes at end of Table 1.
6/
$128.12
131.20
134.52
2.84*
2.89
2.94
4.93*
5.06
128.40
131.56
134.92
2.85
2.90
2.96
December
(
l
)?
(
)
Table 1.- Series E Savings Bonds - Redemption Values and Investment Yleld6,
Effective June 1, 1959 - (Continued)
Part B.- Former 3% Extension Bonds, Reaching First Maturity before June
Issue Dates of May 1, 1942 through May 1, 1949
1,
1959, with
Treasury Bulletin
A-g
Table
1.
Series E Savings Bonds
Effective June
•
Redemption Values and Investment Yields,
1959 - (Continued)
1,
Part B.- Former 3% Extension Bonds, Reaching First Maturity before June
Issue Dates of May 1, 1942 through May 1, 1949 - (Continued)
($100 face value bond l/)
1,
1959, with
December [959
A-9
Table 1.- Series E Savings Bonds - Redemption Values and Investment Yields,
Effective June 1, 1959 _ (Continued)
Part B.
Former
3*' Extension Bonds, Reaching First Maturity
before June
Issue Dates of May 1, 1942 through May 1, 1949 - (Continued)
Investment yield
Period after
issue date
First £ year
J- to 1 year
1 to l£ years. . ..
l£ to 2 years . . .
2 to 2£ years.
2£ to 3 years. .
3 to 3£ years. ..
3£ to U years . . .
U to l^ years . . .
A^ to 5 years.. .
5 to 5£ years . . .
5£ to 6 years . . .
6 to 6£ years....
6£ to 7 years....
7 to 7£ years....
7£ to 8 years ....
8 to 8£ years ....
8£ to 9 years....
9 to 9£ years ....
9£ to 10 years...
Maturity
(10 year3
.
.
.
Redemption
value 2/
875.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
eu.oo
86.00
88.00
90.00
92.00
9U.00
96.00
98.00
100.00
Period
held 4/
0.00$
.00
.67
.68
.99
1.06
1.31
1.U9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
2.8I4
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
U.01
U.18
u.ui
a. 36
u.31
a. 26
U. 21
U.17
U.12
U.08
2.90
$100.00
101.50
103.00
years
106.00
2.90$
2.90
2.90
2.91
2.90
*3.00$
•3.00
•3.00
•3.01
*3.02
107.60
2.91
»3.02
3 to 3^ years... ..
109.20
2.91
*3.02
3i to U years
110.80
2.91
»3. 53
101,.
50
Revised terms
Extended maturity
(10 years) 6/...
Period
held 4/
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
60.00
81.00
82.00
83.OO
8U.00
86.00
88.00
90.00
92.00
9U.00
96.00
98.00
2.67
2.76
2.8U
100.00
2.?0
0.00$
.00
.67
.88
.99
1.06
1.31
1.U9
1.62
1.72
1.79
85
.W
.12
Period
to next
maturity
Redemption
value 2/
V
2.90$
3.05
3.15
3.25
3.38
3.52
3-58
3.66
3.75
3.87
I1.01
u.18
U.Ul
30
u.36
u.31
U.26
,57
U.21
U.17
I4.12
U.08
$112.UU
139.08
191,7
Investment yield
3_/
,kS
•
Dec. 1, 19 u6 through May 1,
Period
held 4/
75.00
0.00$
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
8U.00
66.00
88.00
90.00
92.00
9U.00
96.00
98.00
.00
.67
.88
.99
100.00
Extended Maturity Period
First \ year
2 to 1 year
1 to 1^ years
li to 2 years
2 to 2\ years
U to ui years
Uf to 5 years
5 to 5i years
5§ to 6 years
6 to 6| years
6| to 7 years
7 to l\ years
7^ to 8 years
8 to 8| years
8| to 9 years
9 to 9j years
9i to 10 years....
Investment yield
Redemption
Period
value 2/
to next
maturity £/
Period after
maturity date
2\ to 3
June 1 through Nov. 1, 19U6
3_/
1959, with
face value bond J/)
fitlOO
Dec. 1, 19U5 through May 1, 19U6
1,
1.06
1.31
1.U9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.1.5
2.57
2.67
2.76
2.8I4
2.90
June 1 through Nov. 1, 19U7
Investment yield
3_/
Redemption
Period
value 2/
to next
maturity ^/
2.90$
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3-75
3.67
li.Ol
u.18
U.Ul
u.36
U.31
u.26
U.21
u.17
U.12
U.08
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
63.OO
81,. 00
66.00
88.00
90.00
92.00
9U.00
96.00
98.00
100.00
Period
held 4/
0.00$
.00
.67
.88
.99
1.06
1.31
1.1,9
1.62
2.90$
3-05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
li.01
2.30
2.1.5
2.57
2.67
2.76
2.81,
2.90
3_/
Period
to next
maturity £/
U.18
U.Ul
U.36
U.31
U.26
U.21
U.17
U.12
U.08
A-10
Treasury Bulletin
Table I.- Series E Savings Bonds - Redemption Values and Investment Yields,
Effective June 1, 1959 - (Continued)
Part B.- Former 3% Extension Bonds, Reaching First Maturity before June
Issue Dates of May 1, 1942 through May 1, 1949 - (Continued)
1,
1959, with
($100 face value bond i/)
Issue date.
Dec. 1, 19U7 through May 1,
19J18
June 1 through Not. 1, 19U8
Investment yield 2/
Investment yield 2/
Redemption
value 2J
Period after issue date
First £ year
\ to 1 year
1 to l£ years..
years
years
years
years
years
years
years
years
years.
years
years
'/}.
7 to
years
7^ to 8 years
8 t o iU years
8£ to 9 years
9 to 9£ years
9i to 10 years
Maturity (10 years )
\\ to 2
2 to 2^2£ to 3
3 to 31
3£ to U
U to U%
Ui to 5
5 to 5}
5£ to 6
6 to 6£
6£ to 7
Period
held 4/
75.00
0.00*
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
8U.00
86.00
88.00
90.00
92.00
9U.O0
96.00
98.00
100.00
.00
Redemption
Period
value 2/
to next
maturity 5/
.67
.88
.99
1.06
1.31
1.U9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
2.81,
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
U.01
U.18
U.ul
U.36
U-31
U.26
U.21
U.17
U.12
U.08
2.90
Period after maturity date
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
8U.00
86.00
88.00
90.00
92.00
9U.O0
96.00
98.00
100.00
Period
held 4/
Investment yield 2/
Redemption
Period
value 2/
to next
maturity 5/
0.00*
.00
.67
.66
.99
1.06
1.31
l.W
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
2.8U
2.90
2.90*
3.05
3.15
3.25
3.38
3.52
3.58
3.66
3.75
3.87
it. 01
a. 18
u.ui
u.36
u.31
11.26
u.21
u.17
U.12
ll.oe
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
8U.00
86.00
88.00
90.00
92.00
9U.00
96.00
98.00
100.00
Period
held jj
Period
to next
maturity 5/
0.00*
.00
.67
.88
.99
1.06
1.31
1.1.9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
2.61,
2.90*
3.05
3.15
3.25
3.36
3.52
3.58
3.66
3.75
3.87
ll.Ol
U.18
U.UI
U.36
li.31
U.26
U.21
U.17
U.12
U.08
2.90
Extended Maturity Period
$100.00
101.50
First \ year
i to 1 year
Dec. 1, 19U8 through May 1, 19U9
2.90*
2.90
*3.00*
*3.00
$100.00
101.50
2.90*
2.90
»3.00*
*3.00
$100.00
101.50
2.90*
2.90
*3.00*
**3.S0
Revised terms
103.00
1 to ij years
2.90
*3.00
103.00
2.90
•3.50
$103. 0U
2.91*
3.53*
Revised terms
\\ to 2 years
10U.50
2.91
"3.51
$10U.56
2.91*
3.53*
10U.56
2.91
3- 56
2.91
2.92
2.93
2.9U
2.95
2.96
2.98
3.00
3.01
3.03
3.05
3.07
3.08
3.10
3.13
3.15
3.17
3.57
3.6O
3.63
3.66
3.70
3.75
3.76
3.79
3.81
3.8U
3.87
3.93
U.01
U.03
U.06
U.15
106.12
107.8U
109.56
111.32
113.12
2.91
2.93
2.9U
2.95
2.96
2.97
2.99
3.01
3.03
3-0U
3.06
3.08
3-09
3-12
3.1U
3.16
3.19
3.59
3.62
3-65
Revised terms
$106. 0U
107.66
to 2^ years
2\ tc 3 years
2
3 to 3$ years
years
3$ to
to Ui years
ij
to
Ill
5 years
5 to 51 years
5$ to 6 years
6 to 6j years
6$ to 7 years
7 to 7l years
74 to 8 years.
8 to 8i ysars
8j to 9 years
9 to °i years
9i to 10 years
Li
•
*•
•
Extended maturity (10 years) 6/
Footnotes at end of Table 1.
109.36
111.08
112.80
11U.60
116. 6U
116.72
120. 8U
123.00
125.20
127.UU
129.76
132.32
13U.92
137.60
1U0.UU
2.91*
2.91
2.92
2.93
2.9U
2.95
2.97
2.99
3.00
3.02
3-0U
3.05
3.07
3-09
3-11
3.1U
3.16
3-5U*
3-57
3.61
3-6U
3.69
3.73
3.75
3.77
3-79
3.82
3.67
3.92
3.99
U.01
U.05
U.13
106.08
107.72
109.UU
111.20
112.96
11U.76
116.8U
118.92
121. 0U
123.2U
125.U8
127.72
130.0U
132.60
135.2U
137.92
1U0.78
HU.96
117. 0U
119.16
121.32
123. U8
125.72
128.00
130.36
132.92
13S.56
138. 2U
1U1.12
3.68
3.72
3-76
3.78
3.79
3.82
3-85
3.89
3.9U
U.01
U.03
U.06
U.17
December 1959
A-ll
Table 1.- Series E Savings Bonds
Effective June
Part
C-
Redemption Values and Investment Yields,
1959
1,
-
(Continued)
Bonds Formerly 2.9# to First Maturity, Maturing June 1, 1959 or after, with
Issue Dates of June 1, 1949 through April 1, 1952
(tlOO face value bond 1/)
June 1 through Nov. 1, 19 U9
Dec. 1, 19U9 through Hay 1, 1950
Investment yield 2/
Redemption
value 2/
Period after laaue date
Period
held
V
75.00
First \ year
5 to 1 year
1 to 15 years.
li to 2 years
2 to ?J years
25 to 3 years
3 to 35 years
3§ to u years
U to l£ years
ui to 5 years
5 to 55 years
5| to 6 years
6 to 65 years
65 to 7 years
7 to 75 years
75 to 8 years
6 to 65 years
8f to 9 years
9 to 95 years
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
eu.oo
86.00
88.00
90.00
92.00
9U.00
96.00
•
•
Period
to next
maturity 2/
o.oo*
2.90*
3.05
3.15
3.25
Investment yield
Redemption
value 2/
75.00
2.57
2.67
2.76
li.21
U.17
U.12
75.00
75.50
76.00
76.50
77.00
78.00
79.00
60.00
81.00
82.00
83.OO
8U.00
86.00
88.00
90.00
92.00
9U.O0
96.00
98.00
2.8U
I1.O8
98.00
100.00
2.90
.00
.67
.88
.99
1.06
1.31
1.U9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2. US
3.38
3.S2
3.58
3.66
3.75
3.87
U.01
U.18
li.Ul
U.36
U.31
U.26
Period
held 4/
0.00*
•2. 90*
.00
•3.05
•3.15
•3.25
*3.38
•3.52
•3.58
•3.66
•3.75
•3.87
•U.01
.99
1.06
1.31
1.1*9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
Investment yield 2/
3_/
Period
to next
maturity ^/
.67
.88
June 1 through Nov. 1, 1950
Redemption
value 2/
75.00
Period
held 4/
0.00*
.00
•U.Ul
•U.36
•U.31
«U. 26
•U.21
•U.17
•U.12
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
8U.00
86.00
88.00
90.00
92.00
9U.00
96.00
•U.73
96.16
2.85*
100.60
2.96
U.18
Period
to next
maturity $j
.67
.88
.99
1.06
1.31
1.U9
1.62
1.72
1.79
1.65
1.90
2.12
2.30
2.U5
2.57
2.67
2.76
•2.90*
•3.05
•3.15
•3.25
•3.38
•3.52
•3.56
•3.66
•3-75
•3-87
•U.01
•U.18
•U.Ul
•U.36
•U.31
•U.26
•U.21
•U.17
••U.7U
Revised terras
95 to 10 years
Maturity (10 years)
100.32
Period after maturity date
2.93*
U.97*
Extended Maturity Period
100.00
First 5 year
2.8U
Reviaed terms
2.90*
•3.75*
100.32
3-76*
3.77
102.08
103.88
105.76
107. 6U
109.60
111.60
113. 6U
115.72
117.86
120.08
122.36
12U.6U
127 .0U
129. U8
131.96
13U.52
137.16
139.8U
1U2.6U
1U5.UU
2.
'3*
3.75*
100.60
2.96*
3-75*
2.98
3.01
3.03
3.06
3.O8
3.10
3-12
3-1U
3.16
3.18
3.20
3.22
3.2U
3.25
3.27
3.29
3.31
3.32
3.3U
3.76
3.77
3.79
3.80
3.81
3.82
3-8U
3.85
3.86
3.86
3.89
3.90
3.91
3.92
3.9U
3.9U
3-95
3.98
U.03
Revised terras
101.76
5 to 1 year
1 to I5 years
I5 to 2 years
2 to 25 years
25 to 3 years
3 to 35 years
35 to u years
h to
lj*
103.56
105- U0
107. 32
109. 2U
•
years
U5 to 5 years
5 to 55 years
55 to 6 years
6 to 65 years....
65 to 7 years
7 to 75 years
75 to 8 years
8 to 85 years..
65 to 9 years
9 to 9s years
9j to 10 years
•
111.2U
113.28
115.36
117.52
119.72
121.96
12U.28
126.6U
129. OU
••......•..•.••..
Extended maturity (10 years)
Footnotes at end of Table 1.
131.56
13U.12
136.72
139. U0
1U2.16
1U5.00
2.93*
2.95
2.98
3.01
3.03
3.06
3.08
3.10
3.12
3.1U
3.16
3.18
3.20
3.22
3-2U
3.26
3.27
3.29
3.31
3.32
.79
.80
.81
.82
.83
.85
3.66
3.87
3.88
3.89
3.91
3.93
3.93
3.9U
3.96
3.98
U.00
2.96
2.98
3.01
3.03
3.06
3.08
3.10
3-12
3.1U
3.16
3.18
3.20
3.22
3.2U
3.25
3.27
3.29
3.31
3.32
3-3U
3.76
3.77
3.78
3.60
3.81
3.82
3.83
3.85
3.86
3.87
3.88
3-90
3.90
3.91
3.93
3-9U
3.95
3.97
3.93
102.36
10U.20
106.0U
107.96
109.92
111.92
113.96
116.0U
118.20
120. U0
122.68
125.00
127. U0
129. 8U
132.32
13U.92
137.56
1U0.2U
1U3.00
1U5.88
3-35
A-12
Treasury Bulletin
Table 1.- Series E Savings Bonde - Redemption Values and Investment Yields,
Effective June 1, 1959 - (Continued)
Part
C-
Bonds Formerly 2.9* to First Maturity, Maturing June 1, 1959 or after, with
Issue Dates of June 1, 1949 through April 1, 1952 - (Continued)
($100 face value bond 1/)
Issue date.
Dec. 1, 1950 through May 1, 1951
June 1 through Nov. 1, 1951
Investment yield 2/
Period after Issue date
Redemption
value 2/
Period
held
V
First \ year
| to 1 year
1 to 1§ years*
1$ to 2 years
2 to 2j years
2\ to 3 years
3 to 3? years
3i to It years
to ItJ years
1*
lii to 5 years......
5 to 5i years
54 to 6 years
6 to 62 years
6| to 7 years
7 to 75 years
7j to 8 years
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.00
81..00
66.00
88.00
90.00
0.00*
.00
.67
.88
.99
1.06
1.31
1.1.9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
Pr,--iod
to next
maturity £/
•2.90*
*3.05
«3.1S
*3.25
*3.38
•3.52
»3.58
•3.66
*3.75
*3.87
2.2.5
•1..01
•ti.18
•u.ltl
•1..36
•11.31
•h.26
Dec. 1, 1951 through Apr. 1, 1952
Investment yield 2/
Redemption
value 2/
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
8I1.OO
86.00
88.00
90.00
Period
held lj
Investment yield
Redemption
Period
value 2/
to next
maturity ^/
0.00*
.00
.67
.88
.99
1.06
1.31
1.1.9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.1.5
2.90*
•I1.18
$75.00
75.00
75.50
76.00
76.50
77.00
78.00
79.00
80.00
81.00
82.00
83.OO
•I1.I1I
81..00
•U.36
86.00
88.00
90.00
*3.05
•3.15
*3.25
•3.38
# 3.52
•3.58
•3.66
•3.75
•3-67
•U.01
•I1.31
•a. 26
Period
held tj
•2.90*
•3-05
•3.15
•3.25
•3.38
*3-52
•3.58
•3.66
•3-75
•3.87
•u.01
0.00*
.00
.67
.88
.99
1.06
1.31
1.1.9
1.62
1.72
1.79
1.85
1.90
2.12
2.30
2.1.5
3_/
Period
to next
ma turi ty ^J
•I1.I8
•1..U1
•1..36
•u.31
«l..86
Revised terms
6 to
8\ years.
92.00
2.57
•li.21
92.00
2.57
*»li.82
$92.01.
2.58*
u.91i*
Revised terms
8| to 9 years
91i.00
2.67
**u.77
I91..08
2.68*
I..
96.28
98.68
101.20
2.79
2.91
3.02
5.05
5.11
92*
5.00
91..21.
Revised terms
9 to 9i years
9i to 10 years
Maturity (10 years)
196.06
98.1iO
100.88
2.77*
2.88
2.99
U.93*
5.01.
Period after maturity date
First £ year
£ to 1 year
1
years
1
1| to 2 years
2 to 2£ years
2^ to 3 years
3 to 3^ years
3£ to U years
years
i to
Ak to 5 years
5 to 5^- years
5£ to 6 years
6 to 6£ years
6£ to 7 years
7 to 7£ years
7£ to 8 years
8 to 6% years
8£ to 9 years
9 to 9^ years
9^ to 10 years
Extended maturity (10 years
^
Footnotes at end of Table 1.
2.82
3-05
2.91.
Extended Maturity Period
$100.88
102.61.
2.99*
3.01
101.. 1.8
3.0I4
106.32
3.06
3.08
3.10
:
1.
96.52
98.96
101. I18
108. 2li
110.20
112.20
Ull. 28
116.36
118.52
120.76
123. Oil
125.36
127.76
130.20
132.72
135.28
137.92
II1O.6I1
llO.UO
11.6.28
3.12
3.1U
3.16
3.16
3.20
3.22
3.2^
3.75*
3.76
3.77
3.79
3.80
3.81
3.83
3.83
3-85
3.86
3.67
3.88
3-90
3.25
3.27
3.29
3.30
3.32
3.3U
3.35
3.37
3.97
U.02
$101.20
103.00
101..B0
106.68
108.60
110.56
112.56
1U..6U
116.76
118.92
121.12
123. u0
125.76
128.16
130.60
133.12
135.72
136.36
lUl.OB
11.3.88
11.6.72
3.02*
3.01.
3.06
3.09
3.11
3.13
3-15
3.17
3.19
3.20
3.22
3.21.
3.26
3.27
3.29
3.31
3.32
3.3^
3.35
3-37
3.38
3.75*
3.76
3.77
3.78
3.80
3.81
3.82
3.83
3.8b
3.86
3.87
3.88
3.89
3.90
3.92
3.93
3.93
3.95
3.96
3.95
$101. I18
103.26
105.08
106.96
108.66
110.66
112.88
llu.96
117.08
119.21*
121.1.8
123.76
126. 06
128.52
130.96
133.1.8
136.08
138.76
IUI.I18
1UU.28
lti7.16
3.05*
5.07
5.09
December
(
l
>5 (>
A-13
Table 1.- Series E Savings Bonds - Redemption Values and
Investment Yields
Effective June 1, 1959 _ (Continued)
Part D.- Bonds Formerly 3% to First Maturity, with
Issue Dates of May
through January 1
1957
1,
195 2
,
($100 face value bond j/)
Issue date.
May 1, 1952
June 1 through Nov. 1, 1952
Investment yield 2/
Period after
issue date
First 5 year....
2 tc 1 year
1 to I5 years. .
l| to 2 years...
2 to 2j years...
2? to 3 years..
3 to 3§ years...
3| to b years...
b to bi years...
ki to 5 years...
5 to 52 years...
5J to 6 years..
6 to 62" years.
Redemption
value 2J
»75.oo
75.1.0
76.20
77.20
78.20
79.20
80.20
81.20
82.20
83.60
85.00
Period
held 4/
Redemption
Period
value 2/
to next
maturity ^/
0.00$
1.07
1.59
1.91.
*3.00$
*3.10
*3.16
•3.19
*3.23
"3.28
*3.3b
*3-bl
$75.00
75.1,0
76.20
77.20
78.20
79.20
80.20
61.20
82.20
83.60
85.00
86.1,0
2.10
2.19
2.25
2.28
2.30
2.b3
2.52
2.59
87.80
2.61.
6| to 7 years.
89.20
2.69
7 to 7| years.
90.60
2.72
*3.7b
90.60
l\ to 8 years.
92.00
2.71.
-u.39
$92.01,
.
•3.1.9
*3.50
*3.51
*3.5b
*3.58
•3.6a
Dec. 1, 1952 through May 1, 1953
Investment yield 2/
86.1,0
87.80
89.20
Period
held 4/
Redemption
Period
value 2/
to next
maturity %/
0.00$
1.07
1.S9
1.9b
2.10
2.19
2.25
2.28
2.30
•3-00$
*3.10
•3.16
•3.51,
86.1,0
•3.58
87.80
2.61,
»3.ia
•3.1.9
2.69
•3-61,
2.72
*li.21i
89.20
Investment yield 2/
Redemption
Period
value 2/
to next
maturity £/
0.00$
1.07
1.59
•3.50
•3.51
•3.31,
2.52
2.59
2.6U
75.1,0
2.10
2.19
2.25
2.28
2.30
2.U3
2.52
2.59
3.19
2.1,3
$75.00
Period
held 4/
76.20
77.20
78.20
79.20
80.20
81.20
82.20
83.6O
85.00
•3.23
•3.28
June 1 through Nov. 1, 1953
Investment yield 2/
1.91,
2.69
Revised terns
$90.61,
2.72$
•3.00$
•3.10
•3.16
•3.19
•3.23
•3.28
•3.50
•3.51
$75.00
75.bo
76.20
77.20
78.20
79.20
80.20
81.20
82.20
83.6O
85.00
•3. 5b
86. bO
•3.58
87.80
•3-31,
•3-bl
•3.1,9
«b.lb
Period
held 4/
Period
to next
maturity £/
C.00$
1.07
1.59
1.9b
2.10
2.19
2.25
2.28
2.30
2.b3
2.52
2.59
2.6b
Revised terns
$89. 2b
2.69$
*3.00$
•3.10
•3.16
•3.19
•3.23
•3.28
*3. 3b
•3.bl
•3.b9
*3.50
•3-51
*3-5b
"b-08
b.20$
b.31*
90.72
2.7b
b.37
2.76
b.55
92.2b
2.76
b.60
93.92
95.76
97.68
99.6b
2.83
2.90
2.96
3.01
b.75
5.10
5.93
11.79
9b.06
95.96
97.88
99.88
2.85
2.92
2.98
3.0b
b.79
5.13
5.98
11.76
101.56
3.16
101.80
3.19
Revised terms
2.75?
1,-1,8$
92.12
li.71
97. bb
99. bO
2.61
2.87
2.93
2.99
101.32
3.1b
Revised terms
8 to 8| years
6J to ? years.*..
9 to 9| years
9i to 9-2/3 years.
Maturity
(9-2/3 years)...
$93.61.
.79$
b.6b$
95. bO
.65
97.21.
.91
5.02
5.89
99.16
.96
11.81,
101.08
3.11
93-76
95.56
Period after
maturity date
First
year
| to 1 year
1 to 1{ years
l£ to 2 years
2 to 2j years
2£ to 3 years
3 to 3^ years
3£ to <. years
L. to t*\ years
A} to 5 years
5 to 5^ years
5j to 6 years
6 to 6£ years
64* to 7 years
7 to 7£ years
7% to 3 years
8 to &k years
8£ to 9 years
9 to 9i- years
9£ to 10 years....
Extended maturity
(10 years)
g-
5.08
5.91,
11.81
Extended Maturity Period
$101.08
3.11$
3.13
3.15
3.17
3-19
3.21
3.22
3.75$
3-76
3.77
3-79
3.80
3.61
1,8
3.21,
3.81,
116.60
118.76
121.00
123.26
125.60
128.00
130. bb
132.96
135.56
138.20
3.25
3.27
3.29
3.30
3.32
3.33
3.35
3.36
3-85
3.86
3.87
3.88
3.90
3.91
3.92
3.93
11,0.92
11,3.72
3.38
3.39
3.bl
3.b2
3.95
3.96
3.95
11,6.56
3.1iU
102.81.
10b. 68
106.56
106.1,8
110. bb
112.W,
111,.
Footnotes at end of Table 1.
3.82
3.91,
$101.32
103.12
101,. 92
106.80
106.72
110.68
112.72
llb.76
116.88
119.01,
121.26
123-56
125.92
128.28
130.76
133.28
135.68
138.52
ibi.2b
3.1b$
3.16
3.17
3.19
3.21
3.22
3.24
3.26
3.27
3.29
3.30
3.32
3.33
3.35
3.36
3.38
3.39
3-bl
3.U2
lUli.ou
3-1,3
11,6.92
3-1,5
3.75$
3-76
3.78
3.79
3.80
3.81
3.82
3.6b
3.85
3.86
3.87
3.69
3.89
3.91
3.92
3.9b
3.9b
3.96
3.98
b.00
$101.56
103.36
105.16
107.0b
108.96
110.96
112.96
115.0b
117.16
119.32
121.56
123.8b
126.20
126.60
131.08
133.60
136.20
138.8b
lbl.60
lbb.bO
3.16$
3.18
3.19
3.21
3.23
3.25
3.26
3.28
3.29
3.30
3.32
3.33
3.35
3.36
3-38
3.39
3.bl
3.b2
3.b3
3.b5
lb7.2b
3-U6
3.75$
3.76
3.77
3.79
3.80
3.81
3.82
3.83
3.85
3.86
3.87
3.88
3.89
3.90
3.91
3.93
3.9b
3.95
3.9b
3.93
$101.80
103.60
105. bb
107.32
109.2b
111.20
113.2b
115.32
117.U,
119.60
121.8b
12b. 16
126. b8
128.92
131.36
133.92
136.52
139.20
lbl.92
lbb.72
lb7.60
3.19$
3.20
3.22
3.23
3.25
3.26
3.28
3.29
3.31
3.32
3.3b
3.35
3.36
3.38
3-39
3.bl
3.b2
3.b3
3.b5
3.b6
3.1,7
3.75$
3.76
3.77
3.78
3.80
3.81
3.82
3.83
3.85
3.86
3.67
3.88
3.90
3.90
3.92
3.93
3.9b
3.9b
3.96
3-98
Treasury Bulletin
A-llt-
and Investment Yields,
Table 1.- Series E Savings Bonds - Redemption Values
Effective June 1, 1959 - (Continued)
Issue Dates of May 1, 1952
Part D.- Bonds Formerly 3% to First Maturity, with
(Continued)
1957
January
1,
through
($100 face value bond %/)
Dec. 1, 1953 through May 1, 195U
June 1 through Nov. 1, 195U
Redemption
value 2/
Period
held lj
$75.00
75.UO
76.20
77.20
78.20
79.20
80.20
81.20
82.20
First J year..,
5 to 1 year..
1 to lj years.
l| to 2 years.
2 to 2\ years.
2\ to 3 years.
3 to 3§ years.
3| to a years.
U to III years.
Period
to next
maturity %/
5 to 5i years.
85.00
2.52
5| to 6 years.
86.M)
U
•3.U1
•3.U9
3.1.9
*3.50
83.60
2.1.3
*3.50
83. 60
*3-3li
75.
W
*3.3l.
•3.1.1
Period
to next
maturity £/
0.00*
1.07
1.59
$75.00
76.20
77.20
78.20
79.20
80.20
81.20
82.20
$75.00
Period
held 4/
75.1.0
1.9li
2.10
2.19
2.25
2.28
2.30
June 1 through Nov. 1, 1955
Investment yield 2/
3_/
*3.00*
*3.10
*3.16
•3.19
•3-23
*3.28
Redemption
value 2j
$75.00
75. 1.0
•3.1.9
76.20
77.20
78.20
79.20
80.20
81.20
82.20
**a.oo
$83.61.
*3.3l»
»3.Ul
Period
held
V
0.00*
1.07
1.59
1.91.
2.10
2.19
2.25
2.28
2.30
Period
to next
maturity £
•3.00*
*3.10
•3.16
*3.19
•3.23
•3.28
•3.3b
*3.ul
**3.99
Revised terms
2.1.3
2.aa*
a.oa*
Revised terms
•3.51
*»U.oi
2.52
85.00
$85.01.
2.53*
I..05*
85.08
2.5a
a. 10
Revised terms
**li.0U
2.59
Revised terms
100
2.65*
2.70
2.76
2.80
2.87
2.95
3.01
3.06
102
3.21
187.
6 to 6| years
6| to 7 years
7 to 7§ years
7§ to 8 years
8 to 8^ years
6% to ? years
9 to 9j years
9i to 9-2/3 years.
89.
90,
92.
9U.
96
98,
Maturity
(9-2/3 years)...
2.60*
1..09*
86. 1.8
2.61
U.lli
86.56
2.62
a.18
2.66
2.72
U-19
U.31
87.96
89.52
2.67
U.23
U.31.
90.96
92.56
9U.Ui
96.36
98.36
100.36
2.78
2.82
2.90
2.97
I..I.6
91.12
92.76
100.61.
2.80
2.85
2.93
3.00
3.06
3.12
U.U8
U.69
U.88
5.20
5.99
11.67
88.08
89.68
91.28
92.92
96.80
98.80
100.88
2.70
2.77
2.83
2.68
2.96
3.02
3.09
3.1a
a. 27
2.71.
102.32
3.2li
102.56
3.26
102.61.
3.29
$86.U.
1W
87.88
28
12
89.1.0
65
85
19
6.02
11.98
3.0li
3-09
a.68
U.87
5.21
6.01
11.95
9U.61.
96.60
98.60
9U.8I.
a.37
a. 52
11.714
a. 92
5.26
6.10
11.89
Extended Maturity Period
Period after
maturity date
First £ year
1 year
1 to l£ years
2 years
to
l£
2 to 2| years
2i to 3 years
3 to 3i years
3£ to 4 years
i to 4^ years
4£ to 5 years
5 to 5j years
5^ to 6 years
6 to 6£ years
6£ to 7 years
7 to 7£ years
7j to 8 years
8 to8i years
8£ to 9 years
9 to9j years
9i to 10 years
Extende-3 maturity
(10 years)
Period
to next
maturity 2/
76.20
77.20
78.20
79.20
80.20
81.20
82.20
2.28
2.30
2.1j3
Period
held
Redemption
value 2/
*3.00*
*3.10
•3.16
*3.19
*3-23
*3.28
*3.00*
*3-10
•3.16
•3.19
•3.23
*3.28
83.60
Redemption
value 2/
through May 1, 1955
Investment yield
0.00*
1.07
1.59
1.9U
2.10
2.19
2.25
2.28
2.30
0.00*
1.07
1.59
1.9U
2.10
2.19
2.25
h\ to 5 years.
1951.
Investment yield 2/
Investment yield 2/
Period after
issue date
Dec. 1,
$102.08
103.88
105.72
107.60
109.52
111.52
113.56
11S.6U
117.76
119.96
122.20
Ho
121U8
126.8a
129-28
131.76
13U.28
136.88
139.56
,
3-21*
3-23
3.21)
3.26
3.27
3-29
3.30
3.32
3.33
3-31.
3.36
3.37
3-38
3.U0
3.U
3.W
3.1*3
3.1.5
3.75*
3.76
3.77
3.79
3.80
3.81
3.82
3.83
3.85
3.86
3.87
3.88
3.89
3.90
3.91
3-93
3.91.
1W.32
3.1.6
3-95
3-95
1U5.12
3- 1.7
3.97
lae.oo
3-1.9
Footnotes at end of Table 1.
$102.32
101.. 12
105.96
107.81.
109.80
111.76
113.80
115.92
118.01,
120.21.
122.1.8
121..80
127.16
129.56
3.2U*
3.25
3.27
3.28
3.29
3.31
3.32
3.33
3.35
3-36
3-37
3.39
3.1.0
132-01.
131..60
3-Ul
3.U2
3.U.
137.20
139.88
3-1.5
3.1.6
11.2. 61,
11.5.1.8
3.U7
3.U9
11.6.36
3.50
3-75*
3.76
3.77
3.79
3.80
3.81
3.82
3-83
3.85
3.86
3.87
3.88
3.89
3-91
3.92
3-93
3-95
3.96
3.97
3.96
$102.56
101.. 36
106.20
108.12
110. Oli
112.01.
3.26*
3.28
3.29
3.30
3.31
3-33
U1..08
116.16
118.32
120.52
122.76
125.08
127. U.
129.88
132.36
3.3ll
131..92
3.1.5
137.52
3.1.6
3. 1.7
11.0.21.
3-35
3.36
3.38
3.39
3.1.0
3.14
3.1.3
3.U.
11.2.96
11.5.80
3.1.9
11.8.72
3.51
3-50
3-75*
3.76
3.78
3.79
3.80
3.81
3-82
$102.61.
101.. 61.
106.52
108. 1.0
110.36
112.36
111.. 1.0
3-81.
116.1.8
3.85
3.66
3.87
3.88
3.90
3.91
3.92
3.93
3.95
3.95
3.99
a. 01
lie. 6h
120.8a
123.08
i25.ao
127.80
130.2a
132-72
135.28
137.92
11.0.60
3.29*
3.30
3.32
3.33
3.3a
3.35
3.36
3.37
3.38
3.ao
3-ai
3.a2
3.a3
3.aa
3-U5
3.U7
3.ae
3-U9
ia6.2o
3.50
3.51
ia9.i2
3.53
U3.36
3-75*
3.76
3.77
3.79
3.80
3.81
3.82
3.8a
3.85
3.86
3.88
3.89
3.69
3.91
3.92
3-93
3.9a
3-96
3-98
3.99
December 1959
A-15
Table I.- Series E Savings Bonds
Effective June
-
Redemption Values and Investment Yield6,
1959 - (Continued)
1,
Part D.- Bonds Formerly 3% to First Maturity, with Issue Dates of May
through January 1, 1957 - (Continued)
1,
1952
($100 face value bond 1/)
Issue date.
Dec. 1, 1955 through May 1, 1956
Investment yield
Period after Issue date
First £ year..
| to 1 year..
1 to 1^ years.
l\ to 2 years.
2 to 2j years.
^2 to 3 years.
Redemption
value 2/
$75.00
75.bO
76.20
77.20
78.20
79.20
Period
hold 4/
0.00$
1.07
1.59
1.9b
2.10
2.19
June 1 through Nov. 1, 1956
Investment yield
3_/
Pfiriod
to next
maturity £/
•3.00$
*3.10
"3.16
*3.19
*3.23
*3.26
Redemption
value 2/
$75.00
75.1,0
76.20
77.20
78.20
79.20
Period
held lj
0.00$
1.07
1.59
1.91,
2.10
2.19
Dec. 1, 1956 through Jan. 1, 1957
Investment yield
3_/
Redemption
Period
value 2/
to next
maturity £/
•3.00*
$75.00
*3.10
75.1*0
*3.16
76.20
•3-19
77.20
*3.23
78.20
*3.28
79.20
Period
held 4/
0.00$
1.07
1.59
1.91,
2.10
2.19
3_/
Period
to next
maturity ^J
•3.00$
*3.10
*3.16
*3.19
*3.23
**3.76
Revised terms
3 to j\
years.
80.20
2.25
*3.3b
80.20
}i to b years.
81.20
2.28
*3.91
$81.21,
2.25
Revised terms
2.30$
"3.81,
$80.21,
2.26*
3.87*
3.91*
81.28
2.31
3.97
2.33
1,-06
82.32
2.31,
2.1,6
li.ll
63.61,
2.58
2.67
U.16
b.23
U.31
b.bl
u.55
U.7S
85.36
86.92
88.52
90.16
2.b9
2.60
2.70
2.76
2.85
2.91
2.96
ii.o?
95.1,6
97.1,8
b.10
b.lb
b.19
b.26
b.3b
b.bb
b.57
b.78
b.96
5.29
6.12
12.05
Revised terms
years
Li to 5 years
5 to S\ years
5| to 6 years
6 to 6§ years
6i to 7 years
7 to 7^ years..
7§ to 8 years
6 to 6| years
82 to 9 years...
9 to 9f years
9i to 9-2/3 years
Maturity (9-2/3 years).
b to
tij
$82.21,
83.68
85.16
86.68
68.2b
89.80
91. lib
2.32*
2.1,5
56
.65
73
70
,85
93.12
01
95.01.
97.01,
2.98
3.05
3-11
3-17
3.32
99.0b
101.12
103.08
U.03*
U.06
b.13
91.61,
lj.93
5.2b
6.09
11.86
Period after maturity date
First £ year
£ to 1 year
1 to l£ years
l£ to 2 years.
2 to 2^ years.
2^ to 3 years
3 to 3£ years
3-2- to U years
years
U to
AiV to 5 years
5 to 5^ years
5£ to 6 years
6 to 6£ years
6£ to 7 years
7 to 7^ years
7£ to 8 years
8 to 8£ years
8£ to 9 years
9 to 9j- years
9k to 10 years
Extended maturity (10 years
^
Footnotes at end of Table 1.
."*;.
82.28
83.72
85.2U
66.80
68.36
90.00
93.32
95.28
97.21,
99.28
101.36
103.32
2.75
2.82
2.88
2.91,
3.01
3.08
Mil
3.20
3.3b
5.27
6.07
11.83
91.81,
93.52
99.52
101.60
103.60
3. 01,
3.11
3-17
3.22
3-37
Extended Maturity Period
$103.08
10b. 88
106.76
108.6b
110.60
112.60
3.32*
3.33
116.76
118.92
121.12
123.UO
12S.72
128.08
130.52
3-bb
3.U5
3.b6
133- Oli
3.1,7
3.75*
3.76
3-77
3.79
3.80
3.81
3.63
3.8U
3.85
3.86
3.87
3.88
3-90
3.91
3.92
135.60
3.1i8
3.91,
138.21,
11,0.92
1143.72
11,6.56
3.b9
3.50
3.51
3.53
3.9S
3-97
3.97
3-98
11,9.1,8
3.51,
lit. 61,
3.3ii
3.35
3.36
3-37
3.38
3-39
3-ltO
3.11
3.1,2
$103.32
105.12
107.00
108.92
110.88
112.88
3. 3b*
3-35
3.36
3.37
111,. 92
3.38
3.39
3.U0
117.01,
3.U
3.75$
3.76
3.77
3.76
3.80
3.81
3.82
3.83
119.20
3.1i2
3.81,
121.1,0
3.1i3
123.68
126.00
3.Ui
3.i5
3.86
3.87
3.88
3.89
3.90
3.91
3.93
128.1,0
3.I16
130.8(i
3.1i7
3.I18
133.36
135.92
138.56
llil.21i
llilt.Oli
iU6.ee
1U9.80
3.U9
3.50
3.51
3.53
3.51i
3.55
3.92*
3.96
3.96
3.98
$103.60
105.1ili
107.28
109.20
111.16
113.16
115.2U
117.36
119.52
121.72
12b. 00
126.36
128.72
131.20
133.72
136.28
138.92
lbl.6b
II1U.U1
11,7.26
150.20
3.37*
3-38
3.38
3.39
3.1i0
3.
3.
lil
',2
3-b3
3.
lib
3.b5
3.b6
3.b7
3.b8
3.b9
3.50
3.51
3.52
3.53
3.5b
3.55
3.56
3.75$
3.76
3-77
3-79
3.80
3.81
3.82
3.83
3.8b
3.86
3.87
3.88
3.90
3-90
3.91
3.93
3.9b
3.95
3.95
3.97
Treasury Bulletin
A-16
Table 1.- Sertes E Savings Bonds - Redemption Values and Investment Yield6,
Effective June 1, 1959 - (Continued)
Part E.- Bonds Formerly 3'Aj to First Maturity, with Issue Dates of February
through May 1, 1959
($100 face value bond l/)
1,
1957
December
l
c
)l
(
)
Table
A-17
1.
Series E Savings Bonds
Effective June
-
Redemption Values and Investment Yield6,
1959 - (Continued)
1,
Part E.- Bonds Formerly 3'A< to First Maturity, with Issue
Dates of February 1, 1957 through May 1, 1959 - (Continued)
Treasury Bulletin
A-12
Investment Yields,
Table 2.- Series H Savings Bonds - Interest Checks and
Effective June 1, 1959
Part A.- Bonds Formerly 3% to Maturity with Issue
Dates of June 1, 1952 through January 1, 1957
Maturity Value ...
Redemption Value l/
Issue Price
Face Value.
Issue date.
June 1 through Nov. 1, 1952
Investment yield 2/
Period after
issue date
5j
year
year
years
years
years
years
years
years
years
years
years
6
years
J
1
l\
2
2J
?
?!
U
lij
5
Amounts
of interest
checks
$u.00
12.50
12.50
12.50
12.50
12.50
12.50
12.50
17.00
17.00
17.00
17.00
6| years
V
0.80$
1.65
1.93
2.07
2.15
2.21
2.25
2.26
Period to
maturity
Investment yield 2/
Amounts
of interest
checks
if*
*3-13*
•3.18
•3.22
•3.27
•3.31*
*3.ul
*3.1j9
2.57
2.63
•3-69
17.00
2.69
3-7L
17.00
2.1)9
Maturity
(9-2/3 years)
20.20
Period to
maturity
5/»
3-12
Amounts
of interest
checks
Period
held Ij
$U.OO
12.50
12.50
12.50
12.50
12.50
12.50
12.50
17.00
17.00
17.00
•3.13*
•3.18
•3.22
•3.27
•3- 31.
•3. ia
•3.U9
*3.58
•3.60
•3.63
•3.66
year
year. ••••...
l! years
years
2
2| years
years
3
?! years
years
1,
1
1,!
years
5
years
«
•3.13*
•3.18
•3.22
•3.27
2.21
2.25
2.26
*3.lil
•3.1,9
•3.31,
•3.58
•3.60
•3.63
•3.66
2. llO
2.1,9
2.57
"L.19
2.63
Revised terms
«*U.2u
2.69
Revised terms
$17.50
2.69$
U.?l$
Investment yield 2/
Amounts
of interest
checks
Period
Held 4/
Period to
maturity
!/•
•3.13$
•3.18
•3.22
•3-27
*3.3U
0.80$
1.65
1.93
2.07
2.15
2.21
2.25
2.28
$li.00
12.50
12.50
12.50
12.50
12.50
12.50
12.50
17.00
17.00
17.00
•3.1,1
•3.W
•^.58
•3.60
*3.63
**U.l6
2.1,0
2.1,9
2.57
2.6u$
1,.25$
17.50
2.70
U. 38
$17.50
2.7U$
14.39*
17.50
2.75
U.U7
18.70
2.77
U.51
17.50
19.70
19.70
20.30
20.30
2.78
2.65
2.90
2.96
3.01
lt.61
19.10
19.10
2O.U0
a. 62
18.70
18.70
20.90
2.83
2.86
20.1,0
20.1,0
2.81
2.67
2.93
2.98
3.03
2C90
20.90
3.00
3.06
U.70
5.oo
5.36
6.27
12.80
20.30
3-lli
20.1.0
3-17
20.90
3.19
$17.50
u.82
5.21
6.09
12.1,3
Maturity Value....
Redemption Value 1/
Issue Price
Amounts
of interest
checks
Period
held
U
$1.00
12.50
12.50
12.50
12.50
12.50
12.50
12.50
0.80$
1.65
1.93
17.00
2.1,0
2.07
2.15
2.21
2.2 !
2.28
1
Period to
maturity
5/«
•3.13$
•3.18
•3.22
•3.27
•3.3u
•3.U1
•3.1,9
•3.58
U.88
5.23
6.12
12.1,9
2.91,
.$1,000 2/
Dec. 1, 1951, through May 1, 1955
June 1 through Nov. 1, 1955
Investment yield 2/
Investment yield 2/
Investment yield 2/
\
0.80$
1.65
1.93
2.07
2.15
17.00
June 1 through Nov. 1, 195L
Period after issue date
Period to
maturity
5/»
•3.69
2.63
Face Value.
Issue date.
Dec. 1, 1953 through May 1, 195b
Investment yield 2/
Revised terms
«*li.31
2.7?
Revised terms
u.5i$
2.78$
$17.50
2.82
U.83
17.50
5.18
2.88
20.20
6.06
2.9l»
20.20
12.37
20.20
2.99
7j years
years
8
8| years.......
9 years.......
°2 years
Period
held jj
0.80?
1.65
1.93
tu.00
12.50
12.50
12.50
12.50
12.50
12.50
12.50
17.00
17.00
17.00
•3.58
•3.60
•3.63
•3.66
2.1,0
June 1 through Nov. 1, 1953
Dec. 1, 1952 through toy 1, 1953
17.00
years
7
Period
held
.$1,000 2/
Amounts
of interest
checks
$h.oo
12.50
12.50
12.50
12.50
12.50
12.50
12.50
Period
held 4/
Period to
maturity
5/«
0.80$
1.65
1.93
2.07
2.15
2.21
2.25
2.28
•3.13$
•3.18
•3.22
•3.27
•3.31,
•3.U
•3.1,9
•3.56
Amounts
of interest
checks
$li.00
Period
held
U
Period to
maturity
s/*
0.80$
12.50
12.50
12.50
12.50
12.50
12.50
12.50
•3.13$
•3.18
»3.22
•3.27
•3.3U
»3.ul
•3.1,9
*«li.0°
Revised terms
•3.60
17.00
2.1j0
— b.10
$17.50
2.U1$
h.15*
Revised terms
**u.!3
2.U9
Revised terms
I,. 21$
2.58$
$17.50
17.00
i
5! years
years
6$ years
years
7
l\ years
years
8
8J years
9 years
9! years
Maturity (9-2/3 years)
6
Footnotes at end of Table 2.
17.50
17.50
19.50
19.50
19.50
20.90
20.90
90.90
20.90
2.65
2.71
2.78
2.85
2.91
2.97
3.03
3.08
3.22
1,-32
I,.
1,6
l,.57
a. 73
5.00
5.36
6.27
12.80
$17.50
17.50
17.50
19.30
19.30
19.30
20.70
20.70
20.70
20.70
20.70
2.50$
1,.17$
17.50
2.51
U.23
2.59
1,.26
17.50
2.59
U.32
2.66
U.37
2.71)
1,-1,6
69
77
2.81
2.87
1..58
19.10
19.10
19.10
19.10
21.00
21.00
21.00
21.00
21.00
h.39
h.h9
U.63
h.82
5.02
5.38
6.30
12.67
2.91,
3.01
3.06
3.11
3.2L
U.7S
U.95
5.31
6.21
12.68
Bli
BJ
"7
03
3.oe
3.13
3.27
December 1959
A-19
Table 2.- Series H Savings Bonds - Interest Checks and Investment Yields,
Effective June 1, 1959 - (Continued)
Part A.- Bonds Formerly 3% to Maturity with Issue
Dates of June I, 1952 through January 1, 1957 - (Continued)
(Maturity Value
Redemption Value 1/
Face Value.
.$1,000 2/
Issue Price....
Dec. 1, 1955 through Hay 1, 1956
June
1
through Nov. 1, 1956
Investment yield 2/
Period after issue date
year
year
Amounts
of interest
checks
2
years
2i years
$U.OO
12.50
12.50
12.50
12.50
years
12.50
3i years
12.50
i
1
li years
3
Period
held 4/
0.80?
1.65
1.93
2.07
2.15
2.25
Revised terms
.i
years
Ui years
years
S\ years
6 years
6^ years
years
7
l\ years
8
years
&2 years
9 years
9i years
Maturity (9-2/3 years
5
$13.00
,
,
,
,
Period to
maturity
5/«
Dec. 1, 1956 through Jan. 1, 1°?7
Investment yield 2/
Amounts
of interest
checks
Period
held ij
Period to
maturity
Investment yield 2/
Amounts
of interest
checks
Period
held 4/
Period to
maturity
5/*
Treasury Bulletin
A -20
Table 2.- Series H Savings Bonds
Effective June
-
1,
Interest Checks and Investment Yields,
1050 - (Continued)
Part B.- Bonds Formerly 3'A< to Maturity with Issue
Dates of February 1, 1057 through May 1, 1050 - (Continued)
Part C- Bonds 3 3h% to Maturity with
Issue Dates beginning June 1 , 1050
December 1^59
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
1/
Expenditures
2/
Surplus
or
deficit
(-)2/
Net of
trust
account
and other
transactions
Clearing
account,
etc.
U
2/2/
Net
Increase
in
public
debt, or
decrease
(-)
Fiscal years
1948
1949
1950
1951
1952
41,488
37,696
36,495
47,568
61,391
33,069
39,507
39,617
44,058
65,408
8,419
-1,811
1953
1954
1955
1956
1957
64,825
64,655
60,390
68,165
71,029
74,274
67,772
64,570
66,540
69,433
-9,449
-3,117
-4,180
1,626
1,596
1958
1959 p
69,117
68,158
71,936
80,699
1960 (Est.).
79,000
78,905
40,864
37,306
52,979
64,840
1955
1956
1957
1958
-3 ,122
3,510
-4,017
-294
-495
99
679
147
-507
366
483
-214
-401
-5,994
478
4,587
-2,135
3,883
435
328
231
-194
195
-250
-303
284
522
-523
6,966
5,189
3,115
-1,623
-2,224
-2,819
633
-12, 541
-266
530
46
5,816
8,363
95
-205
111
-6
35,623
41,106
37,728
56,337
70,682
5,241
-3,592
-422
-3,358
-5,842
-229
-502
311
199
234
87
-106
-319
-4,100
4,331
63,841
61,171
63,358
70,994
72,284
72,997
64,854
66,129
67,216
71,692
-9,157
-3,683
-2,771
3,779
-209
-34
376
-21
592
101
739
-259
267
1,092
7,777
3,582
2,019
-4,141
-1,730
68,694
75,782
-7,088
-691
1957-July...
August.
Sept...
3,057
5,128
7,225
6,347
5,930
5,667
-3,290
-802
1,559
-19
Oct
Nov
Dec ....
3,131
4,827
5,956
6,501
5,806
5,809
-3 ,370
1958- Jan
Feb....
March..
4,786
6,299
9,501
6,011
5,528
5,749
-1,225
771
3,753
April..
May
June . .
3,496
4,925
10,785
6,122
5,846
6,621
-2,626
-920
4,164
July...
August.
Sept. .
2,946
4,838
7,208
6,613
6,198
6,633
-3,667
-1,361
Oct....
Nov....
Dec...
2,769
4,962
6,180
7,144
6,237
7,080
-4,376
-1,274
-900
1959-Jan....
Feb....
March..
4,528
6,576
8,426
6,776
6,331
6,461
-2,248
April..
May....
June p.
4,258
5,425
10,042
6,427
6,164
8,632
-2,169
-739
1,410
July..
August.
Sept...
3,246
5,679
8,486
Oct
3,023
6,557
6,305
6,357
6,868
-3,311
-626
2,129
-3,846
Calendar years
1948
1949
1950
1951
1952
1953
1954
37, 514
815
-41
Months
-979
147
575
245
1,965
96
162
224
-423
2,711
7,973
8,025
levels
Net
increase in
Treasurer's
account
balance , or
decrease (-)
,
end of period
Debt outstanding
Treasurer'
account
balance
Public
debt
Guaranteed
securities
Total
Federal
securities
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 1.- Receipts by Principal Sources
(in millions of dollars)
December J9?9
.BUDGET RECEIPTS AND EXPENDITURES.
Footnotes to Table
2/
_
_9/
10/
11/
12,
Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the I960 Budget document, Special
Analysis L, includes them in employment taxes through 1952. Beginning 1954 the contributions are credited direct to the trust account.
For amounts of the contributions included in budget receipts, see
"Treasury Bulletin" for February 1954, page 7.
In the 1960 Budget document, Special Analysis L, taxes not otherwise
classified are included in miscellaneous receipts.
Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote 14).
Figures shown include adjustments (see footnote 11) as follows: In
January, decreases in income tax of $82 million withheld and $7
million not withheld, and Increases in transfers of $83 million to
Federal Old-Age and Survivors Insurance Trust Fund and $5 million
to Federal Disability Insurance Trust Fund; in April, increase in
income tax withheld of $129 million and decreases in income tax not
withheld of $2 million and in transfers of $114 million to Federal
Old-Age and Survivors Insurance Trust Fund and $13 million to Federal
Disability Insurance Trust Fund; in June, increase in income tax
withheld of $138 million and decreases in income tax not withheld
of $14 million, and in transfers of $111 million to Federal Old-Age
and Survivors Insurance Trust fund and $13 million to Federal
Disability Insurance Trust Fund.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (42 U.S.C. £.01 (a)).
Beginning
January 1951, the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(42 U.S.C. 401 (a)), and are adjusted in later transfers on the
basis of wage and self -employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is reimbursed to the general fund by the trust fund.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
1
13/
14/
15 /
16/
22/
*
p
Footnotes to Table 2
Footnotes 1 through 3 follow Table 2 on page 4*
tj Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
5/ Differs from monthly statement of receipts and expenditures because
expenditures for the Civil Aeronautics Administration and Civil
Aeronautics Board prior to December 195£ are shown unaer "Commerce
Department" (see Note).
6/ Total includes allowance for contingencies of $75 million.
u
3/
10/
(Continued)
-
(42 U.S.C. 401 (b)).
The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Trust Fund.
Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956.
Excludes the Government's contribution for creditable military
service (45 U.S.C. 228c-l (n)).
Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes
under the Railroad Retirement Tax Act deposited in the Treasury,
less refunds, during each fiscal year (65 Stat. 222 and 66 Stat. 371),
and transfers are made currently.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) established a Highway Trust Fund from which are to be made, as
provided by appropriation acts, Federal-aid highway expenditures after
June 30, 1956, and before July 1, 1972. The act appropriated to this
fund amounts equivalent to specified percentages of receipts from
certain excise taxes on motor fuels, motor vehicles, tires and tubes,
and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis
of estimates by the Secretary of the Treasury with proper adjustments
The use tax was imposed by the
to be made in subsequent transfers.
act and rates were increased for the other taxes. Previous to the
fiscal year 1957 corresponding excise tax receipts were included in
net budget receipts, and Federal-aid highway expenditures were included in budget expenditures.
Interest on refunds is included in expenditures in Table 2.
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 11).
Net of reimbursement of $83 million from the Federal Old-Age and
Survivors Insurance Trust Fund for tax refunds (see footnote 11).
less than $500,000.
Preliminary.
-
(Continued
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, 1955.
Consists of Federal payment and loans and advances.
Includes $1,375 million additional subscription to the International
Monetary Fund pursuant to Public law 86-48, approved June 17, 1959.
Less than $500,000.
Preliminary.
p
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Agencies
(In millions of dollars)
legislative
branch
Fiscal year
or month
Judiciary
Executive
Office
of the
President
1953...
1954...
1955...
1956...
74,274
67,772
64,570
66,540
1957...
1958...
1959 p.
69,433 2/
71,936
80,699 £/
1960 (Est.).
78,905 6/
973
523
129
85
97
99
118
39
44
47
10
11
7,707 2/
8,305
56
4,115
4,081
4,089
9,H3 il
570
425
360
199
1,149
5,006
4,875
7,112
562 2/
645
564 i/
47
60
3,611
9,572
410
344
6,606
507
8
8
3
3
5
332
274
366
736
784
15
26
35
821
637
423
24
45
760
150
124
167
811
807
817
31
77
153
131
374
36
37
30
17
30
42
195
122
*
531
376
435
43
51
283
690
758
732
279
516
38
134
716
187
1,033
2,695
127
451
2,059
312
10
4
7
10
4
4
328
June p..
4
4
3
3
441
July
August ....
September.
6,557
6,305
6,357
10
4
4
4
4
October.
6,868
13
7
14
293
246
225
4
5
26,088 jj
39
-23
25
34
,
,
1957
1958
1959 p
,
,
,
1960 (Est.)...,
1959-January.
February.
March
April
May
June p .
43,611
40,336
35,532
35,791
Interior
Department
1,920
1,981
1,993
2,071
587
535
515
512
171
183
182
216
300
355
394
412
659
312
356
733
2,295
2,645
813
605
548
573
463
572
666
751
2H
229
250
418
567
1,016
518
674
3,092
40,945
899
3,384
761
258
530
604
3,316
3,212
3,440
55
50
56
276
266
269
48
61
46
19
19
20
50
43
3,464
64
66
127
280
289
260
61
51
62
20
26
57
81
270
75
21
273
293
55
74
19
20
72
27
3,941
October..
3,577
92
294
13,799
313
1,129
.
Post
Office
Department 7/
807
3,402
3,386
3,433
1960 to date
labor
Department
639
July
August.
September
.
Justice
Department
38,439
39,062
41,217
3,243
.
Health,
Education,
and
Welfare
Department
Civil
functions
83
283
450
1,077
1,293
a
30
Treasury Department
Defense Department
1954
1955
1956
1,063
1,000
385
-615
6,427
6,164
8,632
1953
3,217
2,915
4,636
5,177
Commerce
Department
1,107
806
April
May
Military
functions
Agriculture
Department
6,905
6,473 1/
6,791
6,982
4
4
Fiscal year
or month
Housing
and Home
Finance
Agency
5,782
5,282
4,381
4,473
6,776
6,331
6,461
I960 to date
General
Services
Administration
9
9
9
10
1959-January. .
February..,
March
,
Independent
offices
27
28
30
37
61
59
65
1/
Funds
appropriated
to the
President
19
86
97
773
State
Department
Interest
On
public
debt 8/
On
refunds
of taxes
District
of
Columbia
2/
December 1959
.BUDGET RECEPTS AND EXPENDITURES.
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of October 31, 1959
(in millions of dollars; negative figures are deductions In the columns in which they appear)
Agency
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
1960 through October
Function
code
number
1955
1956
061
066
067
068
35,532
1,857
944
2,292
35,791
1,651
588
2,611
40,626
1958
1959p
38,439
1,990
490
2,352
39,062
2,268
625
2,187
41,227
2,547
313
2,327
13,844
841
117
442
40,641
43,270
44,142
46,413
15,245
121
1,960
100
120
1,616
111
157
1,686
245
3,300
139
105
208
133
176
1,909
149
2,181
1,846
1,976
2,234
3,685
354
101
102
103
664
150
2,681
767
699
168
3,104
706
126
104
105
106
57
727
178
105
788
176
774
126
2,870
47
801
175
4,457
4,756
4,793
328
1,428
275
324
475
1,457
351
279
400
1,558
469
290
53
56
71
28
137
31
171
2,575
1957
Expenditures
Major national security:
Military defense
Development and control of atomic energy
Stockpiling and defense production expansion
Military assistance
Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and technical development 2/
Foreign information and exchange activities
151
152
153
Total international affairs and finance
Veterans' services and benefits:
Veterans education and training 3_/
Other veterans* readjustment benefits 4/
Veterans compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and amlniatration
'
*
Total veterans' services and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education %/
Promotion of science, research, libraries, and museums 6/
Correctional and penal institutions
Other welfare services and administration 2/
211
212
213
214
215
216
217
Total labor and welfare
123
,798
43
856
156
41
2
»
3,274
35
920
1,115
13
193
325
60
5,026
5,131
1,639
203
458
1,797
546
315
72
34
225
397r
1,969
704
411
170
39
210
145
58
15
78
2,821
3,022
3,447
3,900r
1,451
3,486
236
204
291
173
3,900
3,430
227 9/
267
3,151
239
297
448
255
5,328
311
315
536
291
l.ai
4,389
4,868
4,389
6,780
1,930
935
118
37
925
162
62
1,138
174
51
59
60
69
38
43
1,183
200
71
68
86
60
446
34
803
138
38
45
44
35
1,202
1,104
1,296
1,543
1,66Q
642
349
647
253
356
420
783
392
31
404
674
78
436
30
639
773
108
71
1,048
148
154
297
188
45
32
403
36
49
66
21
58
46
16
2,109
3,362
32
186
706
263
Agriculture and agricultural resources:
Stabilization of farm prices and farm income 7/
Financing farm ownership and operation 8/
Financing rural electrification and telephones
Conservation and development 2/
Research, and other agricultural services 2/
Total agriculture and agricultural resources
351
352
353
354
355
231
217
305
215
375
227
4,526 2/
65
112
as
94
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration
401
402
403
404
405
409
Total natural resources
43
35
59
91
33
24
30
19
Commerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation and space flight
Postal service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
511
512
513
514
515
516
517
518
519
520
521
Total commerce and housing
56
-115
270
-404
38
45
12
365
40 10/
295
518
49
60
-60
251
463
4
31
19
-83
41
58
59
45
65
21
43
1,504
2,030
60
31
10
431
25
157
67
139
77
38
9
475
I64
334
34
188
69
238
1,199
1,627
1,455 10/
51
228
115
5_
163
a
2
1,358
General government:
Legislative functions
Judicial functions
Executive direction and management
Federal financial management
General property and records management
Central personnel management and employment costs ^/....
Civilian weather services
Protective services and alien control
Territories and possessions, and District of Columbia....
Other general government
Total general government
Footnotes at end of table.
601
602
603
604
605
606
607
608
609
610
164
115
90
40
9
476
194
627
38
187
74
88
44
10
502
239
140
39
199
51
73
20
1,787
1,356
(Continued on following page)
102
47
12
566
291
695 r
46
216
85
29
2,090r
a
16
4
188
105
64
19
73
50
15
554
December
l
(
>?9
.BUIGET RECEIPTS AND KXPENDI TORES
Table 4.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
Function
Function
code
number
1956
I
Interest:
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds...
Total
651
6,370
62
653
interest
.
Undistributed
Total net
budget expenditures.,..
64, 570
6,787
54
6
6,846
-
(Continued)
.
.
.
Treasury Bulletin
TRUST ACCOUNT AND OTHKR TRANSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Fiscal year
or month
Net receipts, or
expenditures (-),
from trust account
and other transactions
Trust and deposit fund accounts
Net receipts, or
expenditures (-)
Receipts
3,855
3,760
2,386
991 1/
2,250
8,807
8,929
9,155
9,536
11,685
Expenditures
4,952
5,169
6,769
8,545 1/
9,435
1954
1955
1956,
147
435
328
231
-194
1957
1958
1959 p
195
633
-266
1,409
262
-1,468
14,369
16,329
17,067
12,959
16,068
18,535
1960 (Est.).-..
-205
157
20,435
20,278
1959-January. .
February..
March....,
-81
279
-194
-1,124
759
1,637
1,322
1,883
1,462
1,451
Ipril....,
-34
74
-48
-603
1,053
June p...,
447
1,302
2,479
1,933
1,905
1,426
1,486
July
August. ..
September
-290
301
-27
-960
916
-499
1,214
2,444
1,236
2,174
1,528
1,735
-207
-877
1,009
1,886
1952
1953
*y
October.
,
175
-130
Source: Actual figures for 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from Midyear Review of the I960
Budget, released September 24, 1959, including effects of proposed
legislation.
1/ Under a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
Net sale , or investment
(- ) , by Government
agencies in public debt
securities
3,636
3,301
•2
,054
1,362 1/
•2,617
December 1959
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- TriiBt and Deposit Fund Account Expenditures
Fiscal year
or month
Treasury Bulletin
10
.THUST ACCOUHT AND OTHSR TRAHSACTIONS-
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
.
'
,
December
19 J9
11
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Securities not guaranteed by the United States
Public enterprise funds
Fiscal year
or month
-»2
Total
Commodity
guaranteed Credit
Corporation
72
25
4
-602
-173
1953
1954
1955
1956
1957
1958
1959 p
-1,085
-567
-71
U
-16
-7
-29
37
-30
-33
6
-10
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
-16
-7
-30
37
-30
-33
6
-10
1960 (Est.)...,
-700
1959-January...
February.,
March....,
4
3
3
-57
-6
-7
-6
-7
-6
April....,
May
June p...
-78
-1
-54
12
-1
12
-1
-4
,
July
August.
,
. .
September
October.
-4
1
1
-51
-155
-1
-5
Home
Owners
Loan
Corporation
Total not
guaranteed
88
32
33
-639 37
-144
-1,052
-573
-61
-90
*
Total
public
and trust
enterprise
funds
-98
65
44
-639
-144
-1,052
-573
-61
Public enterprise funds
Federal
intermediate
credit
banks 1/
Federal
National
Mortgage
Association g/
Hone
Owners'
Loan
Corporation
Treasury Bulletin
12
.CASH INCOME AND OUTGO.
The cash lnoome and outgo data appearing In the
"Treasury Bulletin," beginning with the February 1956
Issue, are on a basis consistent with receipts from and
payments to the public as derived In the 1957 and sub-
representing cash received from the public. Federal casn
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-
the Treasurer of the United States Is shown on
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
account
of.
the same basis as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements,
data In
account and In cash held outside the Treasury.
accordance with the Budget classifications are made avail-
able month by month.
Figures for back years have been
revised where necessary In order to make them as nearly
Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Budget
series, but are limited In coverage to transactions whlah
oomparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ somewhat from those published In earlier Budget
affect the balance In that account.
documents as well as In the Bulletin.
authority, which are excluded from receipts from the public
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
Beginning with figures for the fiscal year 1953, * h e
series of transactions with the public Is based on the
Includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which Is compiled from reports
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account.
Cash deposits and withdrawals In the Treasurer's
Inpayments on a net basis as reflected In Treasury reports.
account.
Major lntragovernmental transactions which are reported ae
account, beginning with the figures for the same year,
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
reported In dally Treasury statements.
Government to make payments in the future are also eliminated
from expenditures but are added later when aotual payments
are made.
Receipts from the exercise of monetary authority
(mostly seigniorage on silver)
are
excluded
as
not
are
For those years
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
statements which reported separate classifications for
trust account transactions, etc.
budget results,
. ..
)
)
December [959
13
_ CASH INCOME AND OUTGO
.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(in mlllione of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public
Federal payments to the
public
Excess of
receipts, or
payments (-
Plus t Net cash
borrowing from
the public, or
repayment (-
Plus : Receipts from
exercise of
monetary
authority
1952.
1953.
1954.
1955.
1956.
68,013
71,499
71,627
67,836
77,088
67,964
76,773
71,860
70,538
72,617
49
-5,274
-232
-2,702
4,471
-505
2,919
2,512
1,809
-4,366
68
56
1957...
1958...
1959 p.
82,107
81,893
81,534
80,008
83,413
94,542
2,099
-1,520
-3 ,100
49
-13 ,007
5,760
8,576
59
44
1960 (Est.).
95,209
95,037
172
-225
47
5,049
7,998
9,581
7,585
8,025
7,124
-2,536
-28
2,457
3,546
-627
3
-3,253
5
5,384
7,708
10,923
8,005
7,879
8,383
-2,621
-171
2,539
4,086
6
15
8
-2,904
5
July
August. . .
September.
3,973
7,903
9,488
8,171
8,498
7,709
-4,198
-594
1,779
4,606
1,339
-1,457
October.
3,678
7,894
-4,216
25,042
32,272
-7,230
1959-January.
February.
March
April..
May
June p.
1960 to date.
.
Source: Actual figures for 1952 are based on the daily Treasury
statement and thereafter they are based in part also on the
monthly statement of receipts and expenditures of the Government
73
29
23
Equals
:
Change in cash balances
Treaaurer'B account
balance, increase,
or decrease (-)
Cash held outside
Treasury, increase,
or decrease (-)
-388
-2,299
2,096
-551
331
257
-312
-202
-956
4,159
-4,399
140
957
-644
-836
-7
1,531
-81
-538
-60
-67
178
486
781
-77
3
4
399
-73
3,656
6
-641
86
8,144
15
1,026
-96
1
1
5
12
54
45
-33
(for explanation of reporting bases, see page II); estimates are
from the Midyear Review of the 1960 Budget, released September 24,
1959, including effects of proposed legislation,
p
Preliminary.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Treasury Bulletin
Ik
.CASH INCOME AND OUTGO.
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In millions of dollars)
December 1959
15
CASH INCOME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
. .
.
. .
:
:
Treasury Bulletin
16
CASH INCOME AMD 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 borrowing, or repayment of borrowing (-); In millions of dollars)
Change in public debt and agency obligations held by the public
Plus: Net sale of obligations
of Government enterprises in
the market
Public debt
increase, or
decrease (-)
Fiscal year
or month
Public and
trust enterprise funds
Governmentsponsored
enterprises
-186
lass: Net investment in Federal
securities by Government agencies
Public
enterprise
funds
Governmentsponsored
enterprises
101
79
-77
126
101
179
2,262
105
-1,233
36
91
102
41
461
51
-3,392
5,560
10,736
243
294
201
175
22
-3 ,108
Trust funds
3,883
6,966
5,189
3,115
-1,623
114
-59
-14
602
173
269
872
1957
1958
1959 p
-2,224
5,816
8,363
1,085
567
71
-167
1,222
3,355
3,068
1,686 1/
1,236
2,516 2/
1952.
1953.
1954.
1955.
1956.
33
11
86
Equals:
Increase in
securities
held by the
public, or
decrease (-)
153
446 1/
171
549
175
3,640
3,130
2,454
-3,743
700
905
954
108
2,879
-697
-3,069
-4
57
-74
206
-1,062
15
16
6
47
64
7
78
1
54
94
297
237
-487
-4
17
14
-174
168
7
4,156
99
-1,862
June p....
3,319
950
-1,597
July
August ....
September.
3,976
1,714
-2,100
-1
51
155
364
178
79
-686
646
-329
16
19
12
165
-92
-82
4,844
1,370
-1,466
-682
15
-16
3,760
1960 (Est.).
1959-January..
February
March. . .
April
May
October.
-63
2,957
Less:
963
534
3,647
-563
Deductions for noncash and other transactions
Transactions
not
reflected
Equals
Net cash
borrowing
through
in
the
Treasurer's
account 7/
Treasurer's
account, or
repayment (-)
170
155
256
230
2,763
2,255
less:
Fiscal year
or month
Net
accrued
interest
on
savings
bonds and
Treasury
billB 2/
1952...
1953 .
1954...
1955...
1956...
758
718
524
497
456
1957...
1958...
1959 p.
388
254
801
1960 (Est.)
520
1959-January..
February.
March.. .
110
50
-16
.
June p....
74
77
-11
July
August.
September.
229
49
-9
April
May
.
October.
Source
:
.
. .
See Table 1.
Issuance of public debt securities representing expenditures, or refunds of receipts
y
Adjusted
service
bonds
5/
Armed
forces
leave
bonds j>/
-68
-24
-14
Notes to
International
Monetary
Fund 5/
Excess
profits
tax
refund
bonds 6/
Total
deductions
Equals
Net cash
borrowing
from the
public, ol
repayment
(-)
109
156
680
722
618
644
175
623
-505
2,919
2,512
1,809
-4,366
-674
-450
1,361
-292
-200
2,160
-3,100
5,760
8,576
518
-225
-9
28
-9
14
161
-4
7
1,053
10
-18
95
FootnoteB on following page.
the
-674
399
1,579
-4,765
549
506
-3 ,648
5,253
545
8,032
-225
3,527
-695
18
69
80
-3 ,333
-1
77
4,000
16
-2,982
4,606
1,339
-1,457
69
4,537
3,656
101
64
145
3,546
-627
-3,253
69
84
1,042
-2,904
239
31
-9
105
4,086
15
78
1,261
23
-1 ,480
14
3,642
.
.
December 1959
17
CASH INCCME AND OUTGO
Footnotes to Table 4
l/
Not 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 Governmentsponsored 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 expenditures for operations are
shown In this table In terms of the combined net of disinvestment In
Federal securities and sale of agency obligations In the market.
t
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.
Hot reported prior to I95U
See Table 7, footnote 1,
Does not Include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value).
Preliminary.
Footnotes to Table 5
1/
2/
3/
h/
Federal Intermediate credit bank franchise tax through December 1956
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for Administrative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement by
Highway Trust Fund for refunds of taxes; reimbursement by the District
of Columbia; payment of dividends, 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 1956 and before January 1959Consists of payment of earnings and repayment of capital stock to
the Treasury for 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, and by Federal Intermediate credit
banks beginning January 1959Includes relatively small amounts of deductions from salaries paid
Beginning with
by trust funds and Govemment-Bponeored enterprises.
fiscal year 1958 excludes deductions from salaries of District of
5_/
6/
*
p
Columbia employees (see footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of payments to employees' retirement funds representing
United States and Government corporation shares of contributions;
payments to the Bailroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans' life Insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, and
District of Columbia; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Service retirement fund for its share of contributions, and beginning with 1958
also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Survivors Insurance Trust Fund;
transfers 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.
Less than $500,000.
Preliminary.
Footnotes to Table 6
1/
2/
2/
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
basis to an accrual basis; for 1954, consists only of public debt
interest checks and coupons outstanding; net increase, or decrease
(-).
Not reported as a separate clearing account prior to 1954Treated as noncash expenditures at the time of issuance of the
securities and as cash 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 1945,
tj
5/
6/
2/
8/
Issued in 1947 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 noninterest-bearing
nonnegotiable notes payable on demand (see 1947 Annual Report of
the Secretary of the Treasury, pages 4-8, 350, and 385).
Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-). Prior to 1954 includes
also public debt Interest due and unpaid (see footnote 2).
Includes $1,031 million notes issued as part of the additional United
States subscription authorized by Public Law 86-48, approved June 17,
*
less than $500,000.
Preliminary.
1959.
p
Footnotes to Table 7
1/
In this table, beginning 1954 > in accordance with treatment in Budget
Zl
documents, net investment in United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public.
In Table 4
under "Trust Account and Other Transactions," these amounts are ineluded in trust and deposit fund account Investment.
Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
2/
ij
^J
6/
2/
*
p
Treated aB noncash transactions at the time of issuance and as cash
transactions at the tine of redemption; net issuance, or redemption (-).
Excluded from borrowing because the transactions are 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.
Lsbs than $500,000.
Preliminary.
Treasury Bulletin
18
ACCOUNT 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 3tates
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
The working cash of the Treasury Is held mainly In
their own account as well as for the account of their
customers.
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
Treasurer's accounts with Federal Reserve Banks and
branches.
As
the balances In these accounts become de-
they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
pleted,
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which
commercial banks throughout the country.
they arise until such time as the Treasury needs the funds
for its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955,
pages 275-23^.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
End of
fiscal
year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1952
1953
1954
1955
1956
333
132
875
380
522
5,106
3,071
4,836
4,365
4,633
1,009
984
1957
1958
1959
498
410
489
535
4,082
8,218
3,744
1958-Dec.
358
1959-Jan..
Feb..
March
April
Total
operating
balance
Silver,
coin and
Unclassified
collections,
currency
etc.
,
In Federal
Reserve
Banks in
process of
collection
In other
depositaries
1/
Balance in
account of
Treasurer
of U. S.
438
7,481
5,096
7,243
6,362
6,712
512
426
476
146 2/
166
6,969
4,670
6,766
6,216 2/
6,546
273
440
365
429
6,037
9,990
5,451
447
240
100
5,590
9,749
5,350
140
399
5,099
138
4,961
292
269
168
456
446
399
6,031
5,437
4,533
113
163
95
5,918
5,274
4,438
448
166
306
63
45
63
476
407
429
6,081
6,002
5,451
112
114
100
5,969
5,888
5,350
297
289
279
60
42
41
175
111
201
406
424
5,930
6,709
7,103
93
102
4,992
5,875
6,159
92
87
5,837
6,617
7,017
109
5,587
280
64
380
6,482
106
6,376
6,448
4,187
6,207
5,239
5,656
194
161
191
187
159
34
355
450
75
50
93
463
520
500
37
210
274
343
421
401
101
5,069
9,030
4,380
190
259
37
49
302
287
306
63
3,468
396
4,222
292
46
447
492
398
4,054
3,454
2,787
396
398
394
4,897
4,344
3,579
319
329
319
67
May..
June.
539
567
535
3,844
4,117
3,744
402
396
101
4,785
5,080
4,380
310
303
July.
Aug..
Sept.
522
537
704
4,364
5,227
106
110
5,353
Oct..
488
4,990
497
493
501
Source: Daily Treasury statement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, uncollected items,
exchanges, etc., beginning December 1954; prior to that time included
also Post Office Department and Postmasters disbursing accounts (see
footnote 2).
2/ Beginning December 1954, Post Office Department and Postmasters'
'
liabilities
Total
assets
50
68
273
392
disbursing accounts are no longer treated as liability accounts
of the Treasurer of the United States, but are classified and
treated in the same manner as other disbursing accounts, in
accordance with the change in method of reporting Post Office
transactions (see "Budget Receipts and Expenditures," Table 2).
An adjustment of - $207 million in the balance in the Treasurer's
account (and In the "clearing account") reflects this change.
.. ,
December [959
19
.ACCOUHT OF THE TREASURER OF THE UHITED STATES.
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(in milliona of dollars)
.
Credits
Fiscal year
or month
Proceeds from sales of securities
1/
Savings
bonds
1952
2,226
1953
1954
1955
1956
2,667
3,457
4,424
3,810
1957
1958
1959
2,976
2,824
2,668
1958-December.
234
1959-January..
February.
March...
290
237
231
April....
May
June
207
186
180
July
Augus t
202
.
176
.
September
October.
.
Savings
notes
Tax
anticipation
securities
Taxes
Withheld
Other
and
excise 2/
4,679
2,231
2,451
5,243
2,333
6,861
5,977
6,035
287
5,041
4,304
8,167
786
13,579
15,859
19,898
20,538
23,897
5,043
2,922
7,581
6,568
13,513
13,164
26,709
27,881
29,190
2,746
3,387
1,099
33
27
2,915
974
172
1,925
2,135
..
)
..
Treasury Bulletin
20
.DEBT OUTSTANDING.
Table I.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
fiscal
year or
month
Public
debt
Total 1/
Interest-bearing debt
1952
1953
1954
1955
1956
259,151
266,123
271,341
274,418
272,825
259,105
266,071
271,260
274,374
272,751
46
52
81
44
1957
1958
1959
270,634
276,444
284,817
1958-December.
283,031
1959-January.
February.
March....
285,907
285, 216
282,153
Matured debt and debt bearing no interest
Public debt
Guaran-
Guaranteed
securitles 2J
Public
debt
teed
Monetary
Fund
securi-
V
ties 2/ 2/
256,863
44
263 ,946
268,910
271,741
269,883
51
80
43
73
2,244
2,126
2,351
2,634
2,869
2,242
2,125
2,350
74
256,907
263,997
268,990
271,785
269,956
270,527
276,343
284,706
107
101
111
268,592
274,798
281,944
268,486
274,698
281,833
106
101
110
282,922
109
280,947
280,839
285,801
285,104
282,034
106
112
119
283,913
283,354
280,207
283,808
283,243
280,089
285,460
286,410
284,817
285,353
286,303
284,706
107
108
111
283,603
284,580
281,944
September
288,792
290,506
288,412
288,682
290,396
288,296
110
111
116
October.
291,372
291,253
118
April
*y
June
July
August.
.
.
Other
5/
2,868
419
298
437
589
666
1,274
1,302
1,411
1,567
1,742
550
525
502
477
460
2,042
1,646
2,873
2,042
1,646
2,873
529
597
476
1,068
618
1,979
444
430
417
108
2,084
2,084
903
757
423
105
111
118
1,994
1,861
1,946
1,993
1,861
1,945
822
677
748
762
923
422
422
419
283 ,497
106
284,473
281,833
107
110
1,856
1,830
2,873
1,856
1,830
2,873
487
476
919
926
1,979
419
416
417
285,948
287,709
285,602
285,840
287,599
2,844
2,798
2,810
2,842
2,797
2,810
437
412
426
1,989
1,971
1,971
416
285 ,486
109
110
115
288,596
288 ,478
118
2,776
2,775
382
1,981
411
Source: Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
Excludes guaranteed securities held by the Treasury.
Hi Consists of Federal Housing Administration debentures beginning 1953.
Special notes of the United States issued to the International Monetary
V
2,633
603
518
Guaranteed
securities 2/
(matured
414
413
Fund in payment of part of the United States subscription, pursuant to
provisions of the Bretton Woods Agreements Act. The increase of $ 1,375
million in the United States subscription authorized by Public law
86-48, approved June 17, 1959, was paid in June 1959, tllA million n
gold and the remainder in special notes.
For current month detail, see "Statutory Debt limitation," Table 2
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest- bearing securities
End of
fiscal year
or month
1952
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
*ferketable issues
Total
public
debt
Total
2/
Bills
2/
1/
1.875
2.319
1.928
1.173
2.625
1.560
1.754
1.838
1.846
2.075
2.317
2.342
2.440
2.480
2.485
2.659
2.720
2.751
2.789
2.824
2.675
2.746
2.671
2.585
2.705
2.578
2.575
2.547
2.590
2.606
2.504
2.806
3.304
2.482
2.576
2.619
,853
,892
3.316
3.345
3.330
2.842
,925
2.635
2.630
2.694
2.611
2.622
2.628
2.930
2.212
2.954
2.592
2.909
2.646
2.6a
2.620
2.618
2.612
256,907
263,997
268,990
271,785
269,956
256,863
5,982
6,432
6,300
6,388
6,952
5,981
6,431
6,298
6,387
6,950
2.329
2.438
2.342
2.351
2.576
2.329
2.438
2.342
2.351
2.576
2.051
2.207
2.043
2.079
2.427
1.711
2.254
268,910
271,741
269,883
1957
1958
1959
268,592
274,798
281,944
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
3.197
1958-Decemoer.
280,947
280,839
7,546
7,543
2.689
2.689
2.624
263 ,946
Special
issues
Guaranteed
securities
A/
1954
1955
1956
1953
Treasury
bonds
Certificates
Nonmarketable
issues
.843
1.539
2.654
1.033
1959- January..
February.
March....
283,913
283,354
280,207
283,808
283,243
280,089
7,670
7,871
7,839
7,667
7,868
7,836
2.704
2.781
2.801
2.704
2.781
2.801
2.649
2.769
2.799
2.960
2.995
3.020
2.212
2.599
2.713
2.995
3.276
3.266
2.607
2.608
2.608
2.912
2.915
2.918
2.648
2.650
2.653
April....
May
June
283,603
284,580
281,944
283 ,497
284,473
281,833
7,995
8,105
8,069
7,993
8,102
8,066
2.824
2.853
2.867
2.824
2.853
2.867
2.832
2.877
2.891
3.101
3.209
3.316
2.713
2.842
2.842
3.311
3.307
3.304
2.619
2.619
2.619
2.921
2.923
2.925
2,656
2.660
2.694
2.622
2.623
2.628
July
August.
September.
285,948
287,709
285,840
287,599
285 ,602
285 ,486
8,299
8,815
8,939
8,296
8,812
8,935
2.909
3.072
3.137
2.909
3.072
3.138
2.954
3.207
3.238
3.577
3.670
3.847
2.842
3.650
3.650
3.302
3.782
3.776
2.619
2.619
2.619
2.928
2.931
3.159
2.699
2.699
2.699
2.624
2.634
2.632
October.
288,596
288,478
9,193
9,190
3.194
3.194
3.319
4.111
3.650
3.838
2.619
3.166
2.699
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 by dividing the computed annual interest
charge for the total, or for any group of Issues, by the corresponding
1/
2/
2/
tj
principal amount. Beginning with data for December 31, 1958, computation of the average annual interest charge and rate is based on the rate
Prior to
of effective yield for issues sold at premium or discount.
that date it was based on the coupon rate for all iasues.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; see Table 3.
Included in debt outstanding at face amount, but diacount value is used
in computing annual interest charge and annual Interest rate.
On United States 3avinga bonds the rate to maturity is applied against
the amount outstanding.
December W59
21
.EEHT OUTSTANDING.
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
..
.
Treasury Bulletin
22
JEBT OOTaTANDIBGTable 5«- Special Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
End of fiscal
Tear or month
Federal
Federal
Disability
Insurance
Trust
Fund
home
loan
hn.i-.lrn
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Government
5,014
5,602
5,854
6,168
6,667
1,300
1,299
1,234
1,233
1,217
1,200
1,144
1,127
404
822
429
Life
Insurance
Fund
50
50
232
200
52
K.047
79
15,532
17,054
18,239
19,467
61
84
19,463
18,610
17,227
103
1,533
50
165
165
112
116
7,394
7,738
8,608
631
1,257
165
17,753
104
8,124
1,120
43,907
43,870
43,940
698
710
712
1,253
1,296
1,363
165
165
165
17,182
17,067
17,199
108
110
112
8,163
8,225
8,279
43,278
44,203
44,756
668
629
1,382
1,469
1,533
165
165
165
16,869
17,293
17,227
108
112
116
August.
September.
44,061
44,723
44,400
621
628
628
1,556
1,625
1,668
165
165
165
16,547
16,849
16,678
120
122
124
October.
43,596
616
1,647
165
16,096
122
19*2
1956
37,739
40,538
42,229
43,250
45, 114
846
892
835
673
1957
1958
1959
46,827
46,246
44,756
718
673
629
1958-December.
44,840
1959-January...
February.
March
April
1953
1954
1955
*y
June
July
.
.
.
623
325
996
94
103
Source: Daily Treasury statement.
Consists of Canal Zone Postal Savings System beginning April 1958.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
i/
Federal
employees
retirement
funds
Highway
Trust
Fund
National
Service
Postal Railroad
Savings RetireSystem ment
Insurance
Account
1/
Life
UnemployOther
ment
Trust
Fund
Fund
5,191
5,249
5,272
5,346
5,481
552
452
2,863
3,128
3,345
3,486
3,600
7,745
8,287
8,024
7,479
7,737
112
5,570
5,665
5,742
3,475
3,531
3,417
7,996
6,671
5,636
123
120
126
386
5,625
3,503
6,055
117
1,115
1,110
1,105
282
356
410
5,621
5,616
5,605
3,441
3,435
3,431
5,759
5,652
5,426
119
128
8,297
8,363
8,608
1,102
1,098
1,127
365
326
429
5,597
5,586
5,742
3,346
3,355
3,417
5,254
5,687
5,636
124
126
126
8,663
1,124
1,119
1,116
251
5,732
5,722
5,715
3,614
3,602
3,571
5,540
5,947
5,833
127
8,723
8,771
8,802
1,111
5,707
3,463
5,736
132
91
213
91
6
9
32
24
79
133
129
131
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans* Special Term Insurance Fund.
Less than $500,000.
.
:
December /9JV
23
.DEBT OUTSTANDING.
Table
8.
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(in millions of dollars)
Agriculture Department
year or
month
Total
Commodity
Credit
Corporation
Rural
Electri
flcation
Admin
Secretary
Fanners'
Home
Admin.
programs
Import
Bank of
Washington
2/
1/
1952
Housing and Home
Finance Agency
Export-
End of
fiscal
,
1953
1954
1955
1956
1957
1958
1959
9,564
12,125
12,869
16,175
20,049
22,731
21,859
25,343
1958-Dec.
1959-Jan..
Feb..
Mar..
23,523
1,970
3,612
4,180
7,608
11,190
13,383
11,528
12,874
12,153
Federal
AdminisNational
trator
Mortgage
2/
Assoc. [J
1,731
1,933
2,091
2,207
2,343
78
117
172
162
151
1,088
1,227
1,347
1,310
1,239
44
67
102
130
2,519
2,728
265
256
323
1,205
1,528
1,937
2,923
2,897
246
5/
U
41
35
27
1,198
1,188
1,164
48
97
112
733
1,294
21
780
930
1,73
18
1,950
22
1,835
595
1,704
35
1,175
108
878
1,878
1,834
1,944
2,086
33
30
1,174
1,173
1,173
110
110
111
927
927
927
1,913
1,923
1,942
19
1,172
1,172
1,164
112
112
930
930
930
1,937
1,965
1,950
21
22
979
979
979
2,002
2,002
1,930
20
20
1,029
1,937
20
1,873
Apr.
May..
June.
25,974
25,040
25,343
13,730
12,565
12,874
2,962
2,962
2,923
403
411
323
1,888
1,921
1,937
646
694
730
2,147
2,261
2,351
26
26
July.
23,341
23,725
24,008
10,464
10,696
10,977
2,998
2,998
3,083
383
409
410
1,933
1,945
1,934
751
773
799
2,505
2,595
2,570
29
31
28
436
1,693
833
2,670
3,083
Other
2/
1,741
1,502
2,351
605
622
644
11,277
Under
Defense
Production Act
of 1950
282
476
730
1,829
1,869
24,285
ity
Veterans
Admin.
Direct
loan
program
165
284
335
371
Oct...
Term.
Valley
Author-
1,150
1,189
1,203
1,209
1,213
2,897
2,897
2,897
Sept.,
y
Saint
Lawrence
Seaway
Development
Corp.
655
655
215
61
38
12,771
13,233
13,489
.
Reconstruction
Finance
Corporation
2,038
2,446
2,233
1,966
1,954
24,394
25,083
25,560
Aug.
Source: Daily Treasury statement.
Note: The securities shown in this table were issued
to the Treasury
to finance Government corporations and other agencies
with the
Treasury itself raising the necessary funds through
public debt
operations. To avoid duplication, these securities are
not
included in the guaranteed debt outstanding as shown
in preceding
tables. The issuance of these securities is provided
for by law
as "authority to expend from public debt
receipts." Further
detail may be found in the 1958 Annual Report of the
Secretary
of the Treasury, page 674, and the 1958 Combined
Statement of
Receipts, Expenditures and Balances of the United States
Government
page 512.
1/ Farm housing and other loan programs, and Farm Tenant Mortgage
Insurance Fund.
Excludes securities issued under Defense Production
Act.
2/ Consists of notes issued to borrow for the urban renewal program
(formerly slum clearance program); college housing loans;
the
prefabricated housing loans program from September
1950, when
it was transferred from the Reconstruction Finance
Corporation,
through November 1954; and public facility loans beginning
January 1956. Notes issued to borrow for the Federal
National
Mortgage Association from September 1950 through July
1954 are
shown under the Association.
From September 1950 through July 1954, consists of notes
'J
of the
Housing and Home Finance Administrator, issued to borrow
for the
Association. Beginning August 1954, consists of liabilities
taken
over by the Association from the Administrator in
accordance with
the act approved August 2, 1954, and notes issued
by the Association under authority of that act (12 D.S.C. 1720,
1723 (d)); and
beginning September 1954, also securities transferred from
the
Reconstruction Finance Corporation (see footnote 6). Prior to
September 1950, the Association was financed from funds
of the
Reconstruction Finance Corporation, which owned the capital
stock.
y
Inter-
national
CoopPublic eration
Housing Admin.
Admin
26
27
1,163
197
159
154
39
34
29
3
16
112
1,163,
113
113
1,162|
113
1,162
U
178
270
367
491
584
395
416
773
2
1,002
14
11
1,H4
a
21
22
20
And predecessor agencies. Beginning September
1956, figures exclude
notes previously issued by the Administrator In
connection with Informational media guaranties. The obligation of these
notes was
assumed by the Director of the United States Information
Agency, pursuant to the act approved July 18, 1956 (22 U.S.C.
1442), and the notes
together with others Issued for the same purpose are
Included in "Other "
6/ Excludes securities issued under Defense Production Act of 1950includes securities Issued under Federal Civil Defense Act
of 1950
through November 1953, after which they were taken
over by the Secretary
of the Treasury, pursuant to the act approved July
30, 1953 (15 U.S C
609), and are included under "Other." See also footnote 4.
During"
September 1954, under Reorganization Plan No. 2
of 1954, the remaining
securities issued by the Corporation to the Treasury
were tranaferred
as follows: $42 million to Export- Import Bank
of Washington, $92
million to Federal National Mortgage Association, and
$14. million to
Small Business Administration.
2/ Consists of notes of the Administrator, General Services Administration,
beginning January 1951 (Administrator, Defense Materials
Procurement
Agency, January 1952 through July 1953) for defense
materials procurement; Reconstruction Finance Corporation, January
1951 through September 1953 (after which its activities under this
act were transferred
to the Secretary of the Treasury), and the
Secretary of the Treasury
beginning October 1953; the Secretary of the Interior
(Defense Minerals
txploration Administration) beginning June 1951; the
Export- Import Bank
of Washington beginning April 1952; and the
Secretary of Agriculture
beginning June 1954.
8/ Consists of notes Issued by Secretary of the Treasury beginning December
1953 (see footnote 6); Small Business Administration, September 1954
through April 1958; for Informational media guaranties by the United
States Information Agency beginning September 1956 (see footnote 5);
Secretary of Commerce (Maritime Administration) for Federal Ship
Mortgage Insurance Fund beginning February 1959; and Virgin Islands
Corporation beginning September 1959.
:
:
)
Treasury Bulletin
24
STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
(
31 U.3.C.
757 b),
as
amended by an act approved June 30, 1959 provides that
the face amount of obligations Issued under authority cf
that act, and the face amount of obligations guaranteed
•
as to principal and interest by the United States (except
guaranteed obligations held by the Secretary of the Treasury),
6hall not exceed In the aggregate $2S5 billion out-
in effect under the act of June 26,
I9U6,
and that under the act of September
billion.
In addition,
195^,
and June 30, 1955); S3 billion beginning on July 1,
and ending on June 30, 1957 (act approved July 9,
1956); 35 billion beginning on February 26, 3958, and
ending on June JO, 1959 (act approved February 26, 195*5);
and $10 billion beginning on July 1, 1959, and ending on
I956,
was $?75 billion
June 30, i960 (set approved June J0 195?). Obligations
Issued on a discount basis, and subject to redemption prior
was £23}
to maturity at the option of the owner, are Included in the
The corresponding limitation
standing at any one time.
authorized as follows: $6 billion beginning on August 23,
195^. and ending on June 3°. 195& (acts approved August 2g,
2,
195^,
temporary increases have been
f
statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, October 31, 1959
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U. S.C . 757 b
295 ,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities (excluding those held by the Treasury)
290,840
118
Total amount of securities outstanding subject to statutory debt limitation.
290,958
Balance issuable under limitation
Source:
4,042
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding October 31, 1959
(In millions of dollars)
Class of security
Subject to
statutory debt
limitation
.Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
Total marketable
Nonmarke table
U. S. savings 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 United States, International Monetary Fund Series.
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
Total guaranteed securities
Total public debt and guaranteed securities.
39,130
20,343
43,141
8^,770
187,38^
49,434
191
7,824
57,449
Not subject to
statutory debt
limitation
Total
outstanding
December [959
25
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding October 31, 1959
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
26
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding October 31, 1059
Other Than Regular Weekly Treasury Bills - (Continued)
December
(
l
>7
(
>
27
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Treasury Bulletin
2S
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Regular weekly bills:
1959-Aug.
6
Equivalent average
rate 7/
High
Price per hundred
(Percent)
3.043
3.737
99.247
98.128
99.204
[98.135
3.150
3.690
99.242
98. 146
f
Equivalent rate
8/
2.979
3.703
2.999
3.667
Aug.
13
Aug.
20
f 99.136
! 98.088
3.417
3.782
99.152
98.105
2/
12/
3.355
3.748
Aug.
27
f 99.023
\ 97.901
3.824
4.152
99.054
97.936
11/
12/
3.702
4.083
99.017
3.889
4.468
99.050
97.803
12/
14/
3.758
4.346
{ 98.994
[97.739
3.979
99.002
97.750
157
4.473
3.948
4.451
98.947
(.97.575
4.166
4.796
98.964
97.602
16/
17/
4.098
4.743
[99.000
(97.591
3.957
4.766
99.007
97.609
18/
3.928
4.729
98.940
197.526
4.194
4.894
98.961
97.550
12/
20/
4.110
4.846
98.987
97.635
4.007
4.678
99.011
97.644
4.262
4.666
98.945
97.670
21/
22/
4.174
4.609
4.099
4.490
98.971
97.742
22/
4.071
4.466
Sept.
3
f
1 97. 741
Sept.
Sept.
Sept.
10
17
24
Oct.
1
Oct.
8p
[
I"
f
I
Oct.
15p
(98.923
197.641
Oct.
22p
[98.964
197.730
Oct.
29p
/ 98.983
4.023
[97.726
4.499
99.000
97.735
98.954
97.757
4.137
4.437
98.971
97.785
Nov.
5p.....
3.913
4.660
24/
257
3.956
4.480
4.071
4.381
Nov.
12p
98.966
97.708
4.089
4.534
98.988
97.730
Nov.
19p
98.905
97.602
4.332
4.744
98.935
97.628
Nov.
27p
98.930
97.675
4.279
4.625
98.945
97.694
4.220
4.587
98.015
97.811
97.080
97.768
96.745
3.293
3.565
4.075
3.719
4.783
98.106
97.851 23/
97.239
97.810 23/
96.854 23/
3.501
3.853
3.650
4.623
97.282
96.378
95.193
95.680
3.386
3.835
4.728
4.860
97.391 21/
96.468 22/
95.580 21/
95.835 24/
2.250
3.740
4.348
4.686
4.004
4.490
26/
21/
4.213
4.692
Tax anticipation bills
1959-Feb.
May
July
Aug.
Oct.
16
15
8
19 A/....
21
Special bills:
1959-Apr.
1
May
11
July
15
Dec.
2p
7/
Price per hundred
(Percent)
99.231
[98.111
I
(Continued)
On competitive bids accepted
On total bids accepted
Average price
per hundred
-
3.K2
Equivalent rate If
(Percent)
99.226
98.106
)
December 1959
29
PUBLIC DEBT 0PERATI01B
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions
Description of issue
Maturity
date
Issue
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
aocepted
Average rate
on bids
accepted i/
New money
increase, or
decrease (-)
(ifcrcenO
1953-Apr.
23
1953- July
23
91
% 2,202
% 1,501
2.320
% 100
May
May
May
7
21
Aug.
Aug.
Aug.
6
20
27
91
91
91
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
June
June
June
June
4
11
Sept.
Sept.
Sept.
Sept.
3
10
17
24
91
91
91
91
1,782
2,290
2,207
1,985
1,500
1,400
1,501
1,500
2.416
2.323
2.228
1.954
199
198
300
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
28.
18,
25
July
July
July
16,
Sept.
1955-July
July
July
July
8
15
91
91
91
10,
Dec.
10
91
2,023
1,501
1.953
101
7,
1955- Oct.
Oct.
Oct.
Oct.
6
91
91
91
91
2,119
2,258
2,390
2,403
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
91
91
91
92
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
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
99
102
99
9,
14,
21,
28,
25,
Nov.
Nov.
Nov.
Nov.
Sept.
1,
Sept.
8,
Sept. 15,
Sept. 22.
Sept. 29.
Dec.
Dec.
Dec.
Dec.
Dec.
Aug.
Aug.
Aug.
Aug.
300
Oct.
Oct.
Oct.
2.
4,
11,
18,
1957-Jan.
31,
1957- May
Feb.
Feb.
Feb.
Feb.
7.
May
May
May
May
1/..
21,
28.
1
13
20
27
3
10
17
25
1
8
15
22
29
91
2,624
1,700
3.283
99
31
91
91
91
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
202
6
13
91
91
2,769
2,830
1,800
1,802
,246
,239
200
202
9
16
23
Mar.
Mar.
14.
June
June
Dec.
Dec.
19.
26.
1958- Mar.
Mar.
20
27
91
91
2,348
2,416
1,700
1,700
140
173
100
98
1958-Jan.
Jan.
Jan.
Jan.
2.
Apr.
Apr.
Apr.
Apr.
3
10
17
24
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
7,
9.
16.
23.
13.
June
91
2,436
1,700
1.532
-100
Sept. 11.
Sept. 18.
Sept. 25.
Dec.
Dec.
Dec.
11
18
26
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2,511
100
99
99
1959- Jan.
Jan.
Jan.
Jan.
Jan.
2
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
22
29
92
91
91
91
91
Feb.
Feb.
13
91
92
2,814
2,857
1,802
1,801
2.649
2.774
102
101
12
11
91
182
2,407
1,600
400
805
081
200
1,073
2,476
764
1,600
400
2.904
3.095
200
90
181
2,394
834
1,601
400
2.739
3.017
201
2.690
2.920
199
Mar.
Oct.
Oct.
Oct.
Oct.
Oct.
30.
Not.
Nov.
13,
Dec.
11,
Mar.
\ June
18.
(Mar.
\ June
Dec.
Dec.
2,
9.
16,
23.
6.
26.
I
f
\
8
15
5
19
18
Mar.
June
26
25
91
182
100
104
99
102
1959-Jan.
2.
(Apr.
I July
2
90
181
2,479
755
1,600
2
Jan.
8.
/Apr.
I July
9
9
91
182
2,508
680
1,599
2.678
2.959
199
400
(Apr.
I July
16
16
91
2,178
734
1,600
401
2.808
3.034
197
182
Jan.
Footnote
15.
at end of table.
(Continued on following page)
400
)
)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts In millions)
Description of issue
iBBUtt
data
1959-Mar.
5...
Maturity
date
1959-fJune
\Sept.
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
acoepted i/
91
$2,090
I 1,500
(Percent
2.816
3
182
724
400
3.111
11
New money
increase, or
decrease C-
(101
Mar.
12 2/,
[June
[Sept.
91
182
2,254
967
1,301
10
400
3.062
3.375
101
Mar.
19....
fjune
{Sept.
18
17
91
182
2,019
727
1,301
400
2.763
3.058
ISO
Mar.
26
[June
[Sept.
25
24
91
182
2,122
671
1,300
400
2.766
3.093
100
Aug.
13...,
12
11
91
182
1,866
875
1,200
400
3.150
3.690
199
Aug.
20...
11959- Nov.
\1960- Feb.
19
91
182
1,853
790
1,200
400
3,417
3,782
199
[1959- Nov.
11960- Feb.
27
92
182
1,964
1,200
400
3,824
4,152
204
Aug.
27...
[1959- Nov.
\l960- Feb.
18
25
Source: See Table 2.
Information in Table 3 covers bill offerings
January 2, 1953, through November 30, 1959.
Equivalent
average rate on bank discount basis.
1/
693
£/
Beginning March 12, 1959, the 13-week bills represent additional ieBuea
of bills with an original maturity of 26 weeks.
December 1959
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip-
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
-
(Continued)
December /9J9
33
PUBLIC DEBT OFERATIOfE
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
Treasury Bulletin
3*
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions for $10,000 or loss ware allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other eubscrlbers but in no case
In addition to the amount allotted to the public,
less than $10,000.
$100 million of the bonds were allotted to Government lnv»etm«Et
accounts.
23/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition to the amount allotted to the public,
less than $10,000.
$100 million of the bonds were allotted to Government investment
accounts.
Subscriptions for $25,000 or less were allotted In full. Subscrip3JJ/
tions for more than $25,000 were allotted 24 percent but in no case
In addition to the amount allotted to the public,
less than $25,000.
$100 million of the notes were allotted to Government investment
accounts.
21/ Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings- type investors, 40 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts.
22/ Subscriptions 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.
less
22/ Subscriptions for $100,000 or less for the bills and $50,000 or
for the notes were allotted In full. Subscriptions for more than the
perbills
and
percent
35
on
allotted
were
44
minimum for each issue
In addition to
cent on notes but in no case less than the minimum.
the amount allotted to the public, $100 million of the notes were
allotted to Government Investment accounts.
Subscrip34/ Subscriptions for $100,000 or Isbs were allotted in full.
tions for more than $100,000 were allotted 47 percent but in no case
28/
25/
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own acoount totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at ihe time of entering the subscriptions. All other subscriptions for $50,000 were
-
(Continued)
allotted in full. Subscriptions for more than $5,000 were allotted
In addition to the amount allotted to the
not less than $5,000.
public, $50 million of the bonds were allotted to Government investinvestors were given the privilege of
Savings-type
accounts.
ment
paying for the bonds allotted to them in Installments up to April 23,
1959 (not less than 25 percent by January 23, 1959, the issue date;
50 percent by February 24, 1959; 75 percent by March 23, 1959; and
full payment by April 23, 1959).
Subscripfull.
26/ Subscriptions for $100,000 or less were allotted in
tions for more than $100,000 were allotted 50 percent but in no case
In addition, $100 million of the notes wsre
less than $100,000.
allotted to Government investment accounts.
million and
22/ Subscriptions from savings-type investors totaled $240
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingsall
type inveBtore and commercial banks, and for $10,000 or less from
others, were allotted in full. Subscriptions for more than these
In addition,
minimums were allotted not less than the mlnimums.
$50 million of the bonds were allotted to Government Investment
2§/
29/
p
accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted In full. Subscriptions from savings-type lnvestore
Subscriptions
totaled $1,361 million and were allotted 45 percent.
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
Subscriptions from all other investors totaled $2,433
subscription.
million and were allotted 5 percent, but not less than $1,000 on
any one subscription. In addition to the amounts allotted to the
public, $100 million of the notes were allotted to Government
investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in I960, were offered in exchange
the 4-3/4* notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4*. The Treasury announced on November 25, 1959.
that certain holders, who had been unavoidably delayed in completing
their subscriptions, would have until December 10, 1959, to do so.
Amounts exchanged are not yet available.
Preliminary.
December 1959
35
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securlt les
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Issue
A/
36
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Cla sees on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/ - (Continued)
(In millions of dollars)
Issue
December [959
PUBLIC DEBT OPERATIONS
_.^____________^_______^____
Footnotes to Table 5
TU r V£l
S°l
1/
2/
2/
U
5/
B e
3U 3CI'lPtlt n
?
ings see laoie 4.
'
"*
all ° tment re P° rts -
For deta
"
°f offej-
»„,,„„„
Excludes the issuance of
1-1/2* Treasury notes available in exchange
to holders of nonmarketable 2-3 A% Treasury bonds, Investment Series
B-1975-80.
Includes trust companies and stock savings banks.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
6/
2/
8/
9/
10/
^J
*
r
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in thla
country. Also includes corporations and private pension and retirement funds prior to July 15, 1953 , financing
Included in "All other."
Tax anticipation security.
Reopening of earlier issue.
issued as a roll-over of special bills maturing January 16, 1957, and
February 15, 1957, respectively.
i ssued ln specla i allotment to Government investment accounts.
lass than $500,000.
Preliminary.
n.a.
p
Not available,
Revised.
Treasury Bulletin
3<5
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securl ties
Other Than Regular Weekly Treasury Bills
December
l
(
)5 ()
39
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
)
14-0
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing security i/
Issue
date
Description
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Description of new
security offered
(See alBo Table 4)
Turned
In for
cash 2/
Exchanged
(In millions of dollarB
3-3/8* Certificate - 2/14/5&VA
2-1/2* Bond
- 3/15/56-58
2/15/57
6/2/41
10,851
7,493
1,980
1,121
10,851
1,449
257
.
'
343
592
1,449
164
350
1-1/2* Note
-
4/1/58-EA
4/1/53
383
.
-
A/15/58
8/21/57
1,751
1,751
3-1/2* Certificate -
4/15/58-B
5/1/57
2,351
2,351
2/14/59-A
2/15/64
2/15/90
2-1/2* Certificate Bond
3*
3-1/2* Bond
2/U/59-A
357
135
Total
16,785
2/15/64
2/15/90
2-1/2* Certificate Bond
3*
3-1/2* Bond
,
1,064
796
2/H/59-A
Bond
3*
3-1/2* Bond
2/15/64
2/15/90
607
25
3-1/4* Bill
2-1/2* Certificate -
2/14/59-A
2/15/64
2/15/90
49
677
372
96
2/U/59-A
2-1/2* Certificate Bond
3*
3-1/2* Bond
'
194
115
383
2-1/2* Certificate Bond
3*
3-1/2* Bond
16,785
15,351
1,433
2/15/64
2/15/90
[9,770 of 2-1/2* Certificate
Bond
3 ,854 of 3*
1,727 of 3-1/2* Bond
V
3.485* Bill
3/24/58
7/3/57
3,002
2-7/3* Note
6/15/5M
12/1/55
4,392
4,392
1,015
3,195
181
1-1/4* Certificate
2-5/8* Bond
5/15/59-B
2/15/65
2-3/4* Bond
6/15/58-63
6/15/38
919
919
91
800
28
1-1/4* Certificate
2-5/8* Bond
5/15/59-B
2-3/8* Bond
6/15/58
7/1/52
4,245
4,245
710
3,392
143
1-1/4* Certificate
2-5/8* Bond
5/15/59-B
2/15/65
9,555
9,555
9,204
351
1,817 of 1-1/4* Certificate
7,388 of 2-5/8* Bond
11,519
3,818
10,634
2,206
885
1,612
Total
3,002
2-5/8* Bond
2/15/65
6/15/58
7,388
104
2-5/8* Bond
2/15/65
6/15/58
7,284
387
11,519
3,818
2A5/65
U/
yj
'
Certificate
2-1/4* Bond
8/1/58-C
9/15/56-59 157
8/1/57
2/1/44
2-3/8* Bond
3/15/57-59 A5/
3/1/52
'4*
'
Total
1-1/2* Note
'3-3/4* Certificate
2-1/2* Bond
927
927
660
267
16,264
16,264
13,500
2,764
10/1/58-EO
10/1/53
121
12/1/58-D
12/1/57
9,833
9,833
6,433
3,300
12/15/58
2/15/53
2,368
2,368
1,277
778
Total
11,789
12,201
3-3/8* Certificate - 11/15/59-E
- 5/15/61-B
[3-5/8* Note
!
312
'3-3/8* Certificate
[3-5/8* Note
412
f
J
I
1-7/8* Note
2/U/59-*
2/15/59-A
2/14/58
5/17/54
Total
9,770
9,770
5,102
5,102
14,872
14,872
1-1/2* Certificate
3/24/59-D
1-1/2* Note
4/1/59-EA
4/1/54
119
1-1/4* Certificate
5/15/59-B
6/15/58
1,817
5/15/59
10/8/58
2,735
2,735
6/22/59
11/20/58
2,997
2,997 3/
8/1/59-C
8/1/58
13,500
3-1/4* Bill
2.999* Bill
1-5/8* Certificate
8/6/58
3,567
Note
8/1/61-A
8/1/57
13,500
I
473
f
I
13,973
13,973
9/21/59
2/16/59
1,502
1-1/2* Note
10/1/59-EO
10/1/54
99
Footnotes at end of table.
876
3,048
856
}- 199
[
12,798
2,075
1,269
547
9,128
4,152
221
433
8
7,711 of 3-3/8* Certificete
4,078 of 3-5/8* Note
3-3/4* Certificate Note
4*
2/15/60-A
2/15/62-D
3-3/4* Certificate Note
4*
2/15/6CM
2/15/62-D
fll, 363 of 3-3/4* Certificate
Note
435 of 4*
119
473 16/
3.293* Bill
8,315
579
11/15/59-E
5/15/61-B
3,567 2/
[
4*
8/1/59-C
121
12,201
2-1/2* Certificate
1-5/8* Certificate
1,502 2/
99
(Continued on following page)
3£_
13,745
228
4* Certificate
5/15/60-B
4-4/3* Note
[4-3/4* Note
8/15/60-C
5/15/64-A
4-3/4* Note
[4-3/4* Note
8/15/60-C
5/15/64-A
f
9,561
4,184
of Note
of Note
8/15/60
5/15/64
December 1959
«u
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
Treasury Bulletin
kz
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bond* now being
sold.
Series E has been on sale slnoe Ma;
Series H has been on sale slnoe June 1, 1952*
1,
19^1,
and
Series A-D
were sold from Maroh 1, 1935, through April 30, 19^1.
were sold from May 1, 19^1, through April
Series F and
30,
1952.
Series J and
through April
In Issues,
}0,
1957 .
K were sold from Hay 1, 1952,
Details of the prlnolpal changes
Interest yields, maturities, and other savings
bonds terms appear In the Treasury Bulletins of May 1951,
May 1952, May 1957, and Ootober 1959.
Table I.- Sales and Redemptions by Series, Cumulative through October 1959
(Dollar amounts in millions)
:
.
:
^
December 1959
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through
K
(In millions of dollars)
Accrued
discount
Sales plus
accrued
discount
Redemptions 3/
Series E and H oonbined
Fiscal years
1941-1952
65,266
4,061
4,653
5,225
5,260
4,613
4,670
4,506
5,815
1,120
1,126
1,123
1,114
1,133
1,161
1,174
67,095
4,368
4,889
5,368
5,043
4,507
4,689
6,372
1,128
1,126
486
383
414
119
94
April....
May
June
350
338
80
82
114
July
August...
September
350
309
300
119
86
October.
358
83
1953
1954 6/
1955 6/
1956
1957
1958
1959
71,080
Calendar years:
1941-1952
1953
1954
1955
1956
1957
1958
1,113
1,124
1,H3
1,178
Months
1959-January..
February.
Mar.-li
.
. . .
323
95
90
441
Sales
price 4/ 5/
Amount outstanding
Aoorued
discount £/
Interest-bearing
debt
Matured debt
:
:
::
i:
.. .
kK
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K
-
(Continued)
(In millions of dollars)
Accrued
dlsoount
Fiscal years
1941-1952...
Redemptions 2/
Sales plus
accrued
discount
65,236
3,700
3,988
4,095
4,219
3,919
3,889
3,688
5,815
1,120
1,126
1,123
1,114
1,133
1,161
1,174
71,050
4,821
5,114
5,218
5,333
5,052
5,049
4,862
36,175
4,032
66,913
3,906
4,023
4,192
4,142
3,875
3,802
6,372
1,128
1,126
73,285
5,034
5,149
5,304
5,266
5,018
38,143
375
311
119
94
336
June
289
290
279
July
August.. ..
September.
297
269
264
October.
299
1953
1954
1955
1956
1957
1958
1959
,
,
,
,
,
,
3_/
Sales
price ij 2/
4,319
4,490
4,622
4,981
4,951
4,889
Accrued
discount
34,752
3,532
3,765
3,854
3,964
4,265
4,236
4,118
1,423
500
36,486
3,609
3,871
3,870
4,021
4,449
4,017
1,657
531
554
636
658
716
715
771
Amount outstanding (interestbearing debt)
_£/
34,875
35,664
36,458
37,186
37,898
37,969
38,067
38,040
Calendar years
1941-1952...,
1953
1954
1955
1956
1957
1958
,
HI
4,
35,143
36,036
36,778
37,510
38,087
37,885
38,206
4,979
4,406
4,572
4,689
5,220
4,658
494
405
431
509
392
437
473
36
95
309
319
118
80
82
369
372
433
413
393
446
357
342
362
76
ru
119
86
90
416
355
354
479
428
437
391
360
351
88
68
86
37,8a
83
382
466
390
76
37,737
6
26
55
6
26
108
196
236
217
108
196
236
217
16
38
79
143
631
887
16
38
79
143
248
198
248
198
1,455
2,553
3,310
3,693
4,383
111
72
78
111
72
78
17
17
23
17
17
23
4,477
4,531
4,587
April
May
June
60
48
44
60
48
44
19
19
21
4,628
4,655
4,676
July
August...,
54
54
September.
40
36
40
36
October.
59
59
,
,
,
,
1,113
1,124
1,143
1,178
535
702
668
772
641
Months
1959-January..
February.
March
April
May
.
Fiscal years
1952
1953
1954
1955
1956
1957
1958
1959
30
360
665
1,130
1,041
694
782
818
30
360
665
1,130
1,041
694
782
818
55
83
71
84
38,191
38,204
38,198
38,134
38,093
38,040
37,977
37,904
30
385
1,024
2,099
3,031
3,529
4,075
4,676
Calendar years
182
462
866
1,177
901
631
887
1952
1953
1954
1955
1956
1957
1958
182
462
866
,177
901
181
627
Months
1959-January.
February.
March
.
Source: Dally Treasury statement
the Secretary.
|
Debt Analysis Staff in the office of
24
21
24
28
26
28
26
32
32
29
Footnotes at end of Table 4.
4,702
4,715
4,719
4,749
:
:
.
December /9J9
*5
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured bonds
Unmatured bonds
Series E
Total
matured %/
Series
A-D
Total
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
,
,
,
,
,
,
,
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
779
90
31
18
14
5,840
5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
987
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
987
518
47
24
14
11
9
6
5
Calendar years
1950
1951
1952
,
,
,
1953
,
1954
1955
1956
1957
1958
,
Months
1959-January..
February.
March....
867
584
653
374
628
April....
May
June
624
586
634
374
304
340
July
August. .
September
775
647
668
348
272
318
October..,
742
279
145
13
10
8
5
38
For
cash
In exchange
for series
G and K
Series
F and G
Total
unmatured
U 51
Sales
price tj
Accrued
discount
,
Treasury Bulletin
46
.OWNERSHIP OF FEDKRAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in millions of dollars)
Interest-bearing securities issued
by the U. 5, Government
Total
Federal
securities outstanding
1/
End of
fiscal
year or
month
1952
1953
Held by U. S. Government
investment accounts 2J
Total
outstanding
Public
issues
Special
issues
Interest-bearing securities gua
anteed by the D. S. Government lj
Held by private
Investors 2/
Held by
Federal
Reserve
Banks public
issues
Held by
S.
TJ.
Total
outstanding
Government
investment
accounts
and
Federal
Reserve
Banks gj 1/
Held by
private
investor
Public
marketable
issues
Public
nonmarketable
issues
115,185
119,129
121,771
127,875
126,304
74,437
72,511
72,762
69,723
66,351
44
44
51
80
43
51
80
3
73
25
2/6/
Matured
debt
and
debt
bearing
no
interest
259,151
266,123
271,341
274,418
272,825
256,863
263,946
268,910
271,741
269,883
44,335
47,560
49,340
50,536
53,470
6,596
7,021
7,111
7,286
8,356
37,739
40,538
42,229
43,250
22,906
24,746
25,037
45, 114
23,758
189,623
191 ,640
194,533
197,598
192,655
270,634
276 ,444
284,817
268,486
274,698
281,833
55,501
55,842
54,554
8,674
9,596
9,799
46,827
46,246
44,756
23,035
25,438
26,044
189,949
193,418
201,235
127,179
134,593
144,983
62,770
58,825
56,252
106
101
110
50
54
63
46
47
2,042
1,646
2,873
283,031
280,839
54,338
9,498
44,840
26,347
200,154
142,620
57,534
108
59
49
2,084
285,907
285,216
282,153
283,808
283,243
280,089
53 ,479
9,573
9,720
9,705
43,907
43,870
25,715
25,350
57,220
57,217
57,017
58
46
111
118
60
25 ,497
147,394
147,087
143,930
105
43 ,940
204,614
204,304
200,947
51
56
1,994
1,861
1,946
285,460
286,410
284,817
283,497
284,473
281,833
53 ,020
54,127
54,554
9,742
9,924
9,799
43,278
44,203
44,756
25,703
25,905
26,044
204,774
204,442
201,235
148,086
147,974
144,983
56,688
56,468
56,252
106
107
110
62
62
63
47
1,856
1,830
2,873
July
August.
September.
9,976
9,862
9,784
44,061
44,723
44,400
26,543
26,690
26,563
205,259
206,325
204,739
149,321
150,672
149,455
55,939
55,653
55,284
110
115
63
285 ,486
54,037
54,584
54,184
63
.
285,840
287,599
109
.
288,792
290,506
288,412
63
45
47
52
2,844
2,798
2,810
October.
.
291,372
288,478
53 ,491
9,895
43,596
26,631
208,356
153 ,645
54,711
118
64
54
2,776
,
,
1954
1955
1956
.
,
,
1957
1958
1959
,
,
,
1958-Dec
,
1959-Jan
Feb
Mar
,
,
,
Apr
May
,
,
June
i
,
53,590
53 ,645
23 ,607
Source: Dally Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government
agencies whose investments are handled outside the Treasury.
1/
6/
2,244
2,126
2,351
2,634
2,869
41
48
56
62
44
a
The total amount of interest-bearing securities held by private investors Is calculated by deducting from the total amount outstanding
the amount held by U. S. Government investment accounts and Federal
Reserve Banks.
Excludes guaranteed securities held by the Treasury.
All public marketable issues.
All public marketable issues except for 1952, which includes $1 million
of Commodity Credit Corporation demand obligations.
Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
Apr.
Feb.
-1.6
-.7
1940.
1941.
1942.
-9.5
-2.8
-.5
-20.9
12.0
30.0
5.8
.3
1943,
1944.
1945.
-H.5
-9.9
-67.5
-90.3
-105.1
-48.1
-72.9
-11.5
-5.9
-16.5
-55.6
1946.
1947,
1948,
-8.1
-.7
-.2
177.4
-4.7
106.8
3.3
-61.3
-12.1
1949,
1950,
1951,
8.8
-6.6
36.8
-1.8
13.5
261.2
5.1
6.3
1.5
1.1
1952.
22.1
24.6
7.0
6.7
8.8
-4.0
1957
23.0
-1.3
14.3
1958
1959
-123.4
14.1
1953
1954,
1955
1956
2/
.1
.4
July
May
.4
-.2
Sept.
Aug.
-.3
.9
.4
-2.3
-8.4
-4.5
-35.2
-10.0
-34.4
-145.8
20.5
-56.4
-67.8
-18.5
-17.0
-15.8
-19.0
-.2
-2.7
-28.1
-12.5
.3
.4
-338.6
-30.4
-69.8
-359.2
1.1
-157.8
-609.1
5.4
-41.2
-308.1
4.4
-74.1
-123.1
-123.0
-14.1
7.2
.1
-88.4
5.1
3.5
-.1
8.2
.2
3.8
-2.0
4.7
4.6
5.0
2.8
1.5
20.1
1.9
-17.2
4.8
-12.0
-57.6
221.0
-20.3
696.4
-.2
-1.7
5.8
8.4
11.5
10.7
-3.6
-.1
7.0
29.0
3.5
38.4
-10.0
16.5
17.0
21.1
11.7
-1.1
14.2
41.0
-30.7
56.2
26.6
7.9
83.9
-67.3
234.8
21.3
33.3
55.1
43.7
482.7
8.4
.5
12.9
-22.4
19.9
36.2
-2.9
2.9
35.9
2.8
-45.5
1.4
7.9
-21.7
-9.8
72.6
18.9
10.7
13.4
29.9
46.7
35.4
56.2
5.7
313.4
22.5
398.8
15.8
74.8
49.2
182.4
20.3
9.4
26.4
11.8
8.4
10.3
-155.9
23.0
10.6
62.2
-2.1
44.0
-86.3
53.1
177.2
9.9
445.5
32.2
19.1
18.3
10.6
17.3
28,3
41.1
77.2
Consists of purchases or sales made by the Treasury of securities
issued or guaranteed by the D. S. Government for (l) trust funds which
by law are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose investments are handled through
the facilities of the Treasury Department.
It will be noted that these
60.
-5.0
-5.9
-54.7
-1.9
11.4
.4
-1.1
-4.4
-.2
1.0
.3
8.2
.6
transactions differ from those reflected in Table 1 because they
exclude those Government investment accounts for which investments
are not handled by the Treasury. Table 2 also Includes purchases
under Section 19 of the Second Liberty Bond Act, as amandad (31 O.S.C.
754a), and excludes the Exchange Stabilization Fund.
Less than $50,000.
.
1
.
,
December 1959
±7
.OWNERSHIP OF FEDERAL SECURITIES
,
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
Total
Federal
securities
out standing 2/
End of
month
0. S.
Total
Co mne r—
cial
banke
Federal
Reserve
Banks
Individuals
Government
Investment
accounts tj
Total
2/
Savings
bonds
}_/
Insurance
companies
Mutual
savings
banks
Other
Corporations 6/
State and
local
governments 7/
1939-December
47.6
18.4
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
1940-June
December.
48.5
50.9
16.1
2.5
10.1
10.6
2.6
2.8
6.5
7.8
2.1
2.0
3.6
5.4
7.6
8.2
6.9
7.1
8.2
3.1
3.2
.4
2.2
2.2
22.8
23.9
25.0
7.5
17.3
7.1
7.6
55.3
64.3
18.6
19.5
21.8
23.7
3.4
3.7
2.0
4.0
.6
.7
77.0
112.5
28.7
47.3
26.0
41.1
1.0
59.4
71.5
83.3
96.5
1941-June
December.
.
..
,
.
..
1942-June
December...
,
19.7
21.4
.5
2.3
8.5
9.5
31.0
11.2
13.6
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
9.1
13.4
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
52.2
59.9
68.4
77.7
7.2
11.5
14.3
30.9
37.6
46.1
53.3
19.2
24.7
31.2
36.2
11.7
12.9
14.9
17.1
13.1
15.1
14.9
18.8
67.0
81.7
100.2
114.0
5.3
16.9
19.1
21.7
19.6
6.1
7.3
8.3
12.9
16.4
20.2
21.4
3.2
4.3
24.9
27.0
128.2
136.6
59.1
64.1
40.7
42.9
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
6.5
135.1
132.6
130.7
64.1
63.3
64.2
43.3
43.5
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
66.6
65.7
65.8
65.5
21.1
19.4
18.6
17.6
24.6
23.9
22.8
21.2
12.1
12.0
12.0
11.5
13.7
14.1
13.6
14.8
7.1
46.2
47.1
47.8
.9
1943 -June
December.
. .
1944-June
December.
...
140.6
170.1
202.6
232.1
1945-June
December.
.
..
259.1
278.7
106.0
115.0
84.2
90.8
21.8
24.3
1946-February 2/.
June
December. . ..
279.8
269.9
259.5
116.7
108.2
97.9
93.8
84.4
74.5
22.9
23.8
28.0
29.1
23.3
30.9
1947-June
December.
258.4
257.0
252.4
252.9
91.9
91.3
70.0
68.7
85.9
85.8
64.6
62.5
21.9
22.6
21.4
32.8
34.4
35.8
23.3
37.3
133.7
131.3
130.7
129.7
252.8
257.2
82.4
85.7
63.0
66.8
19.3
132.2
132.1
66.6
48.8
18.9
38.3
39.4
66.3
49.3
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
257.4
256.7
83.9
82.6
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
49.9
49.6
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
255.3
259.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
49.1
49.1
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.1
49.0
49.2
15.7
16.0
15.7
16.1
9.6
9.5
18.8
19.9
10.4
11.1
266.1
275.2
83.6
89.6
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.9
49.3
16.9
15.5
16.0
15.8
9.5
9.2
18.6
49.4
21.5
12.0
12.7
15.3
15.0
9.1
8.8
16.6
19.2
13.9
14.4
8.7
8.5
18.8
23.5
14.7
15.1
8.4
8.0
17.7
19.1
15.7
16.1
1948-June
December.
1949-June
December.
,
. .
. .
,
. .
1950-June
December..
.
1951-June
December.
.
.,
1952-June
December.
.
,
,
1953-June
December..
,
..
44.2
45.5
17.3
15.3
1.5
2.1
5.3
6.7
6.5
6.3
7.3
7.8
7.9
1954-June
December.
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.6
49.5
50.0
15.3
.
1955-June
December.
274.4
280.8
87.1
86.8
63.5
62.0
3.6
24.8
50.5
51.7
136.7
142.3
65.3
65.3
50.2
50.2
15.1
15.1
14.8
.
1956-June
December...
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.9
66.1
50.3
50.1
16.6
16.0
13.3
1957-June
December...
270.6
275.0
79.2
83.7
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.7
65.7
49.1
48.2
17.7
17.5
12.3
12.0
7.9
7.6
16.1
17.2
16.9
17.0
1958-March
June
272.7
276.4
83.5
90.7
59.9
65.3
23.6
25.4
55.4
55.9
133.8
129.9
65.8
64.7
48.1
48.0
17.7
16.7
11.8
11.7
7.6
7.4
16.0
13.9
17.3
July
August
September.
275.6
278.6
276.8
89.8
92.1
90.8
65.3
66.8
65.8
24.5
25.3
25.0
55.6
56.0
55.6
130.2
130.5
130.4
64.4
63.9
63.7
47.9
47.9
47.9
16.4
16.0
15.9
11.8
11.9
11.9
7.4
7.5
7.4
14.5
15.3
15.0
17.0
17.0
17.0
October. ...
November. .
December..
280.3
283.2
283.0
92.4
94.2
93.9
67.0
68.0
67.5
25.4
26.2
55.1
54.8
54.4
132.8
134.2
134.8
63.7
63.5
63.5
47.8
47.8
47.7
15.9
15.7
15.8
12.1
12.1
12.1
7.4
7.3
7.3
16.8
18.0
18.2
17.2
17.2
17.3
1959-January....
February...
March
285.9
285.2
282.2
94.0
91.7
88.7
68.2
25.7
25.3
25.5
53.5
53.6
53.7
138.4
139.9
139.7
64.4
65.0
65.7
47.7
47.6
47.5
16.7
17.4
18.2
12.4
12.2
12.0
7.3
66.3
19.8
20.2
19.5
17.7
17.8
17.9
April
May
90.4
89.2
87.4
64.7
63.2
53.1
54.2
54.6
65.8
65.8
65.8
47.3
47.2
47.0
18.5
18.6
18.7
12.0
12.0
12.0
7.4
7.4
7.3
20.9
a.4
18.2
18.2
61.3
25.7
25.9
26.0
142.0
June
285.5
286.4
284.8
20.0
18.3
July
August
September p
288.8
290.5
288.4
88.4
87.5
86.5
61.8
60.8
60.0
26.5
26.7
26.6
54.1
54.6
54.2
146.3
65.8
65.9
66.0
46.9
46.7
46.5
19.0
19.2
19.5
12.0
12.1
12.0
7.3
7.3
7.3
22.2
23.6
22.5
18.6
18.8
18.9
63.2
26.3
Source: Debt Analysis Staff in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are Included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
Consists of commercial banks, trust companies, and stock savings
3_/
banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
A/ Holdings by Federal land banks are Included under "Miscellaneous
Investors" instead of "U. S. Government investments accounts" after
June 26, 1947, when the proprietary Interest of the United States
in these banks ended.
£/ Includes partnerships and personal trust accounts. Nonprofit
143.
142.8
148.4
147.6
2/
2/
P
13.7
14.3
12.8
7.4
7.4
16.9
institutions and corporate pension trust funds are included under
"Miscellaneous investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accounts in this country. Beginning
December 19^6, Includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in
special noninterest-bearing notes issued by the U. S. Government.
Immediate postwar debt peak.
Preliminary.
Treasury Bulletin
4S
TREASURY SURVEY OF OWNERSHIP, SEPTEMBER 30, 1959
.
The Treasury Survey of Ownership covers securities
issued by the United States Government and by Federal
agencies. The banks and insurance companies Included In
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies in
bank classes and nonmember banks are published for June 30
and December 31. Holdings by corporate pension trust funds
the United States.
Data were first published for
March 31, I9I+I, in the May 194l "Treasury Bulletin".
are published quarterly and first appeared in the March 195^
Section
I
Distribution of ownership by types of banks and insurance companies Is published each month. Holdings by commer-
Bulletin for quarters beginning December 31, 19^9.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par -rallies - in millions of dollars)
December IW>
1*9
,
Section
I
-
TREASURY SURVEY OF OWHERSHIP, SEPTEMBER
'30,
1959
.
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - In millions of dollars)
Treasury Bulletin
50
TREASURY SURVEY OF OWHERSHIP, SEPTEMBER 30, 1959
Section
I
-
.
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
-
(Continued)
,
December 19J9
5i
,
Section II
TKEASUPY SUEVEY OF OWTCER^IP, SEPTIMHE3! 30, 1959
,
- Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values - la millions of dollars)
Held by investors covered In Treasury Survey
Issue
(Tax status 10/ Is shown In parentheses)
Total
amount
outstanding 12/
Insurance companies
6,399
commercial
banks 2/ 1/
516
mutual
savings
banks 7j
302
life
536 fire,
casualty
and marine
D. S. Government
investment
ace aunts and
Federal Reserve
Banks
Treasury Bulletin
52
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 30, 1959.
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter closing bid quotations In the New York market
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
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
Qovernment are excluded because they are not regularly
quoted In the market.
Table I.- Treasury Bills (Taxable)
Amount outstanding (millions)
December /9J9
53
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 30, 1959,
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
Treasury Bulletin
5*
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 30, 1959,
in
Cvl
o
o
o
m
..
.
..
.
a
. ...
.
.
December [959
.AVERAGE YIELDS OF LONG-TErU BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Annual series
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
calendar year averages of monthly series
-
2.46
2.47
2.48
2.37
2.19
2.25
2.83
2.73
2.72
2.62
2.53
2.61
1948.
1949.
1950.
1951.
1952.
1953.
2.97 2/
3.11
3.13
3.23
3.34
1955-October..
November
December.
2.87
2.89
2.91
3.10
3.10
3.15
June
3.20 2/
3.28
3.24
3.29
1956-January.
February.
2.88
2.85
2.93 2/
3.11
3.08
September
3.02
3.02
2.98
3.10
July
August. .
September
3.36
3.60
3.75
October.
November.
December.
2.83
2.86
2.79 2/
3.16
3.11
3.13
April.
May. .
June.
3.24
3.28
3.27
October.
November
December.
3.76
3.70
3.80
2.69
2.62
3.06
3.28
1959-January..
February.
1942
1943
1944
1945
1946
1947
2.82
2.66
2.62
2.86
2.96
3.20
2.44
2.31
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
3.43
1954.
1955,
1956.
1957.
1958.
Monthly series - averages of daily series
1953-April....
May
June
July
August.
.
1954- January.
February.
3.40
March
3.07
2.97
2.93
2.53
2.95
2.86
July
August.
September.
3.00
3.17
March
3.
3.43
3.56
April
June
2.48
2.54
2.55 2/
2.85
2.88
2.90
October.
November.
December.
3.20
3.30
3.40
3.59
3.69
3.75
July
August.
September
2.47
2.48
2.52
2.89
2.87
2.89
1957- January. .
February.
March.
3.34
3.22
3.26
3.77
3.67
3.66
October.
November
December.
2.54
2.57
2.59 2/
2.87
2.89
2.90
April.
May. .
June.
3.32
3.40
3.58 2/
3.67
3.74
3.91
2.68 gj
2.78
2.78 2/
2.93
July
3.60
2.99
3.02
August. . .
September.
3.63
3.66
2.82
2.81
2.82
3.01
3.04
3.05
October.
November.
December..
3.73
2.91
2.95
2.92
3.06
May
.
1955-January.
February
March. . .
April
May
June
July
August.
September
.
3.11
3.13
.
.
.
.
1958-January.
February.
.
March
2/2/
1958-Aprll
99
10
12
10
3.57 2/
3.30 2/
,08
,81
3.24 2/
3.28
3.25
3.60
3.59
3.63
Weekly series - averages of dally series for weeks ending
1959-Msy
3.12
3.14
May
3.91 2/
3.92
3.92
4.01
4.08
March
April
May
June
July
August
4.09
September,
4.11
4.10
4.26
October..
4.112/
,
Treasury Bulletin
.AVERSE YIELDS OF LONG-TEEW BONDS.
5
3
Cl
a
I
is
o
^1
3
December 1959
57
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
Treasury Bulletin
5*
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1945
47
49
'51
53
55
'57
* Beginning with the fiscal year 1955, includes undistributed depositary receipts and unapplied collections. Thewhole otnount of such
receipts for excise taxes
Olftcc ol «i« S«<feio»» of the Tiaosufy
is
included under 'Other excise taxes"
'59
December W59
59
-INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(In thousands of dollars)
First quarter of
fiscal year
Fiscal year
Type of tax
1959
1960
1958
1959
2,118,958
88,672
765,565
2,092,183
91,617
762,660
2,137,149
92,442
772,505
518,297
21,601
225,993
573,305
21,180
235,427
2,973,195
2,946,461
3,002,096
765,891
829,912
Cigars
Cigarettes
Other
44,859
1,610,908
18,283
47,247
1,668,208
18,566
51,101
1,738,050
17,665
12,783
460,188
4,719
11,675
474,627
4,755
Total tobacco taxes
1,674,050
1,734,021
1,806,816
477,690
491,057
100,643
6,882
102,141
7,286
25
126,225
7,558
34
29,592r
1,593
7r
31,871
1,653
20
33,531
1957
Alcohol taxes:
(July-Sept. 1959)
1/
Distilled spirits
Wines
Beer
,
Total alcohol taxe s
Tobacco taxes:
(July-Sept. 1958)
2/
Documentary and certain other stamp taxes:
Documentary stamp taxes 2/
Playing cards
Silver bullion sales or transfers
Total documentary and certain other stamp taxes
7
107,546
109,452
133,817
31,192
Gasoline 2/
lubricating oil, etc
Tires, tubes, and tread rubber 2/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. 2/
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc
Refrigerators, freezers, air— conditioners, 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) , shells
and cartridges
Mechanical pencils, pens, and lighters
Matches
1,458,217
73,601
251,454
1,144,233
199,298
157,291
149,192
46,894
75,196
1,417
16,450
14,782
9,897
4,717
83,175
19,901
26,080
1,636,629
69,996
259,820
1,170,003
206,104
166,720
146,422
39,379
61,400
1,568
18,282
14,635
11,255
4,995
90,658
22,546
24,936
1,700,253
73,685
278,911
1,039,272
215,279
166,234
152,566
40,593
62,373
2,028
20,540
14,590
11,675
5,589
93,894
24,288
29,401
435,898
19,581
67,021
217,577
48,405
37,687
26,955
9,326
13,632
437
3,767
2,649
3,213
1,691
22,907
6,016
6,109
451,990
22,461
84,427
382,944
79,787
46,284
31,108
13,549
16,038
469
4,522
3,562
3,886
1,825
24,081
6,242
7,177
15, 149
U,617
9,114
5,865
9,060
5,111
13,909
8,444
5,262
3,224
1,967
1,282
4,500
2,079
1,320
Total manufacturers
3,761,925
3,974,135
3,958,789
929,343
1,188,251
Furs
Jewelry , etc
luggage etc
Toilet preparations
29,494
156,604
57,116
92,868
28,544
156,134
58,785
98,158
29,909
156,382
61,468
107,968
3,698
34,337
13,961
24,886
3,910
36,484
14,782
27,824
Total retailers' excise taxes
336,081
341,621
355,728
76,882
83,000
Manufacturers' excise taxes:
'
excise taxes
Retailers' excise taxes:
,
Footnotes at end of table.
(Continued on following page)
:
Treasury Bulletin
6o
.INTERNAL BEVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(Continued)
(In thousands of dollars)
First quarter of
fiscal year
Fiscal year
Type of tax
1957
Miscellaneous excise taxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
long-distance telephone, telegraph, cable, radio, etc
leased wires, wire and equipment service
local telephone service
Transportation of oil by pipeline
Transportation of pe rsons
Transportation of property (including coal)
Use of safe doposit boxes
Coconut and other vegetable oils processed ij
Sugar
Diesel and special motor fuels 2/ 5/
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
26,000 pounds 2/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
Other receipts
,
Total miscellaneous excise taxes......
Total received with returns and from sale of stamps....
Undistributed depositary receipts 6/
Unapplied collections
Total excise taxes
75,847
1958
1959
1959
(July-Sept. 1958)
I960
(July-Sept. 1959)
..
December
.
V>7 ()
61
.MOHETARY STATISTICS
Table 1.- Money In Circulation
(In
millions of dollars except per capita figures)
Paper money
End of fiscal
year or month
1952
1953
Total
money In
circulation 1/
1954
1955
1956
29,026
30,125
29,922
30,229
30,715
1957
1958
1959
31,082
31,172
31,914
1958-December.
32,193 A/
1959-January.
February.
March
31,125
31,129
31,250
April.
May
June
..
31,349
31,638
31,914
July
August...
September
31,898
31,973
31,848
October.
31,905
.
Total
3:
..
,
)
Treasury Bulletin
62
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
Silver
($35 per
($1.29+ per
fine ounce
fine ounce)
Ratio of silver
to gold and
silver in
monetary stocks
(in percent)
1952
23 .346.5
1953
1954
1955
1956
22,462.8
21,927.0
21,677.6
21,799.1
3,768.5
3,814.3
3,863.1
3,922.4
3,994.5
13.9
14.5
15.0
15.3
15.5
1957
1958
1959
22,622.9
21,356.2
19.704.6 1/
4,116.6
4,306.0
4,414.1
15.4
16.8
1958-December.
20,534.3
4,362.5
17.5
1959-January.
February.
March
20,476.3
20,478.6
20,441.7
4,371.
4,385.
4,383.
17.6
17.6
17.7
4,406.
4,405.
4,414.
17.8
17.9
19,490.7
4,412.7
4,408.7
4,402.3
18.4
18.4
18.4
19,585.2
4,395.0
18.3
April
May
June
20,304.7
20,187.6
19,704.6
July
August .
19,625.9
1,
19,53.8
. .
September.
October.
Source: Circulation Statement of United States Money.
silver monetary stock see Table 4«
For detail of
18.3
18.3
See Table 3, footnote 2.
1/
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
liabilities
Gold certificates,
etc. 1/
Gold assets
1952
Balance of gold in
Treasurer's account
1953
1954
1955
1956
23,187.1
22,029.5
21,712.5
21,690.4
21,949.5
22,178.8
21,545.7
21,223.5
21,199.1
1957
1958
22,781.0
20,534.3
22,272.9
20,138.2
508.1
396.1
1959-January..
February.
March....
20,476.3
20,478.6
20,441.7
20,079.7
20,080.7
20,047.7
396.6
397.9
394.0
April....
May
June
20,304.7
20,187.6
19,704.6 2J
19,902.6
19,792.1
19,603.2
402.1
395.5
101.4
July
August . .
September.
19,625.9
19,523.8
19,490.7
19,520.0
19,413.8
19,389.9
105.8
109.9
100.8
October.
19,585.2
19,476.7
108.5
.
Source: Circulation Statement of United States Money.
1/ Comprises (l) gold certificates held by the public
Reserve Banks; (2) gold certificate credits in (a)
Fund - Board of Governors, Federal Reserve System,
tion fund - Federal Reserve notes; and (3) reserve
and in Federal
the gold certificate
and (b) the redempof $156.0 million
a, 458.
1,008.2
483.7
489.0
491.2
491.2
against United States notes and Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund was made
on June 23, 1959 (Public law 86-48, approved June 17, 1959).
)
.,
December [959
63
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of d ollars
Silver held In Treasury
End of calendar
year or month
Securing silver certificates i/
Silver
bullion 2/
Silver
dollars
2,109.7
2,140.8
2,171.1
2,194.4
2,208.9
289.3
278.3
267.6
253.5
236.3
2,212.9
2,245.0
219.0
202.7
1959-January..
February.
March. >••.
2,245.0
2,247.5
2,249.0
April
May
June
1952
Silver outside
Treasury
In Treasurer's account
Subsidiary
coin 2/
Bullion for
recoinage 4/
Bullion
at cost
3.9
45.3
6.3
30.7
48.0
15.7
11.0
17.6
2.3
8.2
Silver
dollars 2/
Subsidiary
coin 2/
Total
silver
at $1.29+
per fine
ounce
62.9
202.5
213.2
223.1
235.4
252.2
1,158.1
1,213.1
1,242.7
1,283.2
1,338.2
3,794.1
3,837.0
3,886.6
3,930.1
4,064.1
U-9
92.3
148.3
269.3
285.4
1,402.6
1,446.2
4,185.4
4,362.5
202.5
202.0
200.4
15.5
16.9
16.6
152.9
158.6
154.2
285.6
286.1
287.7
1,446.4
1,446.6
1,451.1
4,371.0
4,385.5
4,383.0
2,250.5
2,251.4
2,251.4
199.8
197.2
194.4
18.4
24.5
20.5
161.8
152.7
154.5
288.3
290.9
293.6
1,458.0
1,466.4
1,476.5
4,406.9
4,405.1
191.7
189.6
187.6
13.8
5.9
6.6
153.7
151.5
146.1
296.2
298.3
September.
2,251.4
2,251.4
2,251.4
J00.2
1,483.3
1,491.3
1,494.3
4,412.7
4,408.7
4,402.3
October.
2,251.4
187.1
9.5
138.2
300.8
1,499.1
4,395.0
1953
1954
1955
1956
1957
1958
,
,
,
July
August
,
.
Source: Circulation Statement of United States Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government.
3_/ Valued at $1.38+ per fine ounce.
lj
•
4.4U.1
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce
according to whether the bullion Is held for recoinage of subsidiary silver coins or for recoinage of standard silver dollars.
less than $50,000.
.
6*
Treasury Bulletin
MONETARY STATISTICS.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
Seigniorage
on coins
(silver and
minor)
Newly mined silver
silver
(incl. silver
bullion held
June 14, 1934)
Silver Purchase Act
of June 19,
1934
46.1
63.7
69.5
91.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
48.7
48.7
48.7
48.7
48.7
562.7
580.4
1942
1943
1944
122.2
182.1
245.7
299.6
362.3
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
1950
1951
1952
1953
1954
1955
1956
1957
1958
596.6
642.3
End of calendar
year or month
1935
1936
1937
1938
1939
18.5
Kisc.
Nationalized
silver
(Proc. of
Proclamation
of Dec. 21,
Aug. 9, 1934)
1933
16.8
36.0
58.0
74.9
87.3
584.3
584.3
584.3
34.7
34.7
34-7
34-7
34-7
87.6
87.6
87.6
87.6
87.6
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34-7
34.7
34-7
34.7
890.3
932.0
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
933.5
935.7
939.9
48.7
48.7
48.7
June
944.9
952.4
957.1
July
August* •..
September.
958.5 2/
961.7
965.6
1940
19a
694.2
742.2
792.9
807.0
839.6
1959January...
February.
March
April
May
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
revalued
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
4.2
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
25.7
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
967.3
717.3
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
938.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
146.8
129.9
127.2
34.7
34.7
34-7
34-7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
111.7
81.9
57.2
34.9
6.6
50.0
72.9
114.0
833.7
833.7
833-7
34.7
34.7
34.7
87.6
87.6
87.6
166.0
166.8
167.2
1,170.6
1,171.4
1,171.8
118.1
122.2
121.3
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34-7
87.6
87.6
87.6
167.7
167.9
167.9
1,172.3
1,172.5
1,172.5
125.9
119.9
119.9
48.7
48.7
48.7
833.7
833.7
34.7
34.7
833.7
34.7
87.6
87.6
87.6
167.9 2/
167.9
167.9
1,172.5 1/
1,172.5
1,172.5
119.4
118.1
115.1
Source: Bureau of Accounts.
1/ These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
2/ The figures in this column are not cumulative; as the amount of
3_/
14.3
bullion held changes, the potential seigniorage thereon changes.
Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown
is not available after June 1959.
December 1959
65
.CAPITAL MOVBffiNTS.
Data relating to capital movement e between the
published will be exactly comparable to those
no",:
presented.
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
193^, Executive Order IOO33 of February S, 19U9, ani
Treasury regulations promulgated thereunder.
Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
In the "Treasury Bulletin."
Supplementary information is
published at less frequent Intervals.
bankers,
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.
Reports by banks,
Section IV provides supplementary data In six tables
securities brokers and dealers, and Industrial
and commercial concerns in the United States are made
which appear at less frequent intervale.
initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April
data reported by banke In the Territories and
195
possessions of the United States are Included In the
tera.
published data.
banks and bankers, and Table
1
*-,
The
tenr.
"foreigner" as U9ed in these reports covers
all institutions and Individuals domiciled outside the
United States and its Territories and possessions, the
official institutions of foreign countries, wherever
such institutions may be located, and international
"Short-term" refers to original maturiorganizations.
ties of one year or less,
other maturities.
coverage,
and "long-term" refers to all
A detailed discussion of the reporting
statistical presentation, and definitions
appeared in the June 195 * issue of the "Treasury Bulletin,"
As a result of changes in presentation
pages ^5-^71
Table
financlal concerns,
April, July,
Is
I
-
short-
published quarterly in the January,
and October Issues of the Bulletin.
Table
2,
long-term foreign liabilities and claims reported by
J, estimated gold reserves
and dollar holdings of foreign countries and international
institutions, are published quarterly in the March, June,
September,
and December Issues. Table U, foreign credit
and debit balances In brokerage accounts, appears semiannually in the March and September issues. Table 5,
short-term liabilities to foreigners in countries and
areas not regularly reported separately by banking institutions, Is presented annually, appearing in the April
issue through 195S and In the March issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 Issue.
Introduced in that issue, not all breakdowns previously
Section
1,
foreign liabilities and claims reported by ncn-
Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
1
.
Treasury Bulletin
66
.CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar year
or month
Foreign
offioial
Other
foreign
25.5
708.3
319.6
290.5
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
2,262.0
1,864.3
1,657.8
1,527.8
49.7
948.9
1,018.7
827.9
898.0
968.4
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
699.4
165.4
100.4
110.8
240.6
91.8
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 1/
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 1/
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
61.4
43.7
43.2
122.9
40.3
48.8
1,048.7
904.5
1,386.5
1,548.5
1,945.7
328.1
405.4
847.5
646.5
969.0
1,056.5
1,390.8
78.4
101.6
211.0
163.9
149.6
15,158.3
16,159.1
7,916.6 i/
8,664.9
5,665.3 1/
5,890.8
1,517.3
1,544.0
59.0
59.4
2,199.4
2,542.0
385.5
439.4
1,666.5
1,904.9
147.3
197.7
16,228.4
16,616.7
16,655.2
8,532.1
8,756.7
8,623.1
6,106.9
6,257.3
6,302.3
1,537.5
1,541.0
1,675.5
51.9
61.6
54.2
2,432.2
2,378.6
2,418.8
441.0
411.2
430.8
1,840.0
1,815.7
1,827.0
151.2
151.7
161.0
16,798.6
17,147.6
18,417.9
8,438.3
8,801.7
8,967.0
6,624.0
6,565.5
6,618.0
1,667.6
1,718.8
2,755.8
68.7
61.5
77.1
2,399.0
2,427.3
2,441.1
427.9
438.6
451.5
1,819.1
1,825.1
1,828.7
152.0
163.7
160.9
18,710.7r
18,791.3
19,159.4
9,141. 5r
9,175.4
9,220.3
6,721.8
6,829.8
6,879.8
2,780.5
2,720.2
2,988.4
66.9
65.9
70.9
2,384.2
2,356.3
2,381.3
437.4
422.5
450.0
1,766.4
1,755.6
1,732.7
180.5
178.1
198.6
19,000.6
9,094.4
6,788.4
3,049.3
68.4
2,390.3
434.4
1,733.5
222.4
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
1947
1948
1949
1950
1951
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
1952
1954
1955
1956
10,946.1
11,648.4
12,918.6
13,600.7
14,939.1
1957
1958
1959-January
February....
March
June .»...
July
August
September p
October p..
~$
i
13.9
17.9
21.6
1,6a.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign official."
70.4
51.0
44.9
72.2
100.3
156.5
206.5
143.7
137.2
169.7
245.0
Payable in
foreign
currencies
40.6
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
*y
72.0
86.4
105.4
Other
473.7
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
April
Payable in dollars
Loans to
foreign banks
246.7
257.9
329.7
392.8
1942
1943
1944
1945
1946
1953
International
Payable in
foreign
currencies
506.3
Preliminary.
Revised.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars ; negative figures indicate a net outflov of capital from the Dnited States)
30.9
34.4
54.6
47.5
98.1
6
. .
December 1959
67
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
Purchases
Sales
193 5-41
1942
1943
1944
1945
n.a.
n.a.
446.4
372.2
3K.3
318.1
225.3
347.3
1946
1947
1948
1949
1950
755.9
658.7
211.6
321.2
589.2
490.4
634.3
291.4
311.5
710.2
1951
1952
1953
1954
1955
1956
1957
1958
500.4
495-3
542.5
792.4
693.3
606.5
699.0
889.0
801.0
677.4
621.5
1959-January
February..
March
n.a.
p
r
Foreign stocks
Net
purchases
Sales
n.a.
n.a.
23.3
26.6
37.3
n.a.
n.a.
19.8
22.1
54.8
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
272.3
1,392.0
1,915.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
133.6
99.2
62.5
186.1
184.7
88.6
April
May
June •••..*.
49.1
111.4
44.9
73.9
168.7
44.5
July
August
September p
60.5
27.1
156.0
162.6
27.3
209. Or
October p..
51.6
72.6
Not available,
Preliminary,
Revised
841.3
509.4
991.5
n.a.
n.a.
74.2
89.0
Net
purchases
Total
purchases
Total
sales
Net purchases
of foreign
securities
4.5
-17.5
4,008.2
220.5
469.6
340.9
355.4
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
-46.6
65.6
42.6
96.7
70.8
198.2
-.4
14.6
-15.0
18.0
-24.4
821.2
715.9
293.3
410.1
763.0
556.1
676.8
388.2
382.3
908.4
265.1
39.0
-94.8
27.8
-145.4
293.9
310.1
393.3
663.6
749.2
592.8
467.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-52.5
85.6
-26.1
44.8
40.8
45.1
134.9
73.2
84.5
-90.1
-32.3
-39.4
178.4
140.0
107.6
321.0
257.9
173.1
-142.6
-117.9
-65.4
-24.9
.4
51.0
46.6
49.3
75.6
82.6
55.8
-24.6
-36.1
-6.5
100.1
157.9
94.3
149.
251.3
100.3
-49.5
-93.4
-6.0
-102.1
-.2
-52.9
47.5
44.4
44.0
52.7
50.2
43.6
-5.2
-5.8
215.3
77.5
.4
108.0
71.5
200.1
-107.3
-6.0
-52.5r
-21.0
55.4
35.2
20.2
107.0
107.8
-29.2
265.5
24.5
-57.3
n.a.
n.a.
3.5
252.6r
-.8
)
68
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars
Country
1
:
:
:
)
December 1959
69
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars
Calendar year
Country
1955
1956
Europe
Belgium
Czechoslovakia
Denmark
Finland
2.0
15.9
6.7
28.1
13.2
2.5
12.2
3.5
France
Germany, Federal Republic of
Greece
Italy
Netherlands
12.1
87.8
4.5
29.9
11.2
18.3
157.0
4.3
43.2
20.9
8.8
23.4
A us t r is
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
.2
.1
m
1.5
1.6
*
»
4.8
7.6
7.4
25.7
77.9
13.1
28.9
87.6
109.3
104.4
Yugoslavia
Other Europe
2.0
6.4
6.3
Total Europe
423.2
Canada
143.7
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
6.8
3.8
68.7
13.7
143.0
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and
Surinam
91.9
5.4
5.1
153.7
Panama, Republic of
Peru
16.6
29.4
8.1
18.1
104.8
33.9
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
2.6
705.6
Asia
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
2.5
3.3
5.4
.8
18.0
10.4
102.9
1.0
18.8
5.5
Thailand
Other Asia
8.0
56.0
Total Asia
232.6
Other countries
Auatralia
Belgian Congo
Egypt 1/
Union of South Africa
All other
11.4
5.2
1.5
8.4
17.0
Total other countries
43.5
International
Grand total
1,548.5
.3
Treasury Bulletin
70
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousand* of dollar*
Country
|
negative figure* Indicate net
wis* by foreigners
or * net outflow of capital fro* the United State*)
December 1959
.CAPITAL MOTIMENT5.
(In
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
thousands of dollars) negatlvs flggr— tndloate mt nlu by foreigners or • net outflow of
pltal from the United
Country
p
Data on transactions by Syria are not available separately, but are
Included in "Other Asia."
r
Preliminary,
Revised.
States)
.
Treasury Bulletin
72
.
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of October 31, 1959
December 1959
73
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1959
(Position in thousands of dollars)
1/
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are Included
:
.
...
.
.
Treasury Bulletin
7*
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During October 1959
(Id thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Total
sales
Corporate and
other
Bonds
Domestic securities
Foreign securities
Stocks
D. S.
Government
bonds and
notes
Foreign securities
Corporate and
other
Bonds
Europe
Austria
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania ........
Spain
Sweden
Switzerland.
.
.
Turkey
D.S.S.R
United Kingdom.
88
4,238
245
84
18
2,313
68
1,247
8,876
8,470
250
2
30
152
387
255
5
71
10,936
5,746
154
1,556
17,043
312
136
100
131
1,041
177
2,069
3,151
2,059
144
1,255
36
3,940
7,762
1,652
51
920
6,956
290
512
4
740
166
2
23
349
3,536
536
319
323
22
71
129
1,058
28
933
108
4,173
8,874
3,286
145
1,287
10,548
1
11
291
102
1,030
6,435
709
92
1,020
4,724
110
180
932
55
71
636
76
52
38
55
298
65
11
349
16
283
42
204
4,942
2,995
8,860
48,315
8,000
3,138
312
1,511
171
37,244
37
377
3,728
1,713
21,452
56,103
18,110
928
26,508
5,380
2,541
634
3
361
63
4
50
41,603
75,112
48
40, 544
2,801
4,219
115
60,155
48
91,167
41,154
1,207
25,641
2
72
687
47
17
17
383
16
2,688
37
Yugoslavia
Other Europe
.
.
6,677
1,024
75
944
4,605
29
1,782
5
1,041
586
142
Total Europe
.
.
267,199
98,272
12,843
107,691
15,859
32,534
144,607
29,683
5,930
81,536
11,860
88,540
15,535
H,779
19,089
17,931
21,206
123,121
28,247
16,971
21,333
39,192
Argentina
Bolivia...
Brazil. .
Chile
Colombia.
1,559
139
4,046
42
109
1,302
129
982
11
848
33
463
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands West Indies and
Surinam
Panama, Republic of.
Peru
Canada
latin America:
78
28
995
2,990
322
154
50
566
593
218
14
21
12
6
29
29
87
285
13
279
277
1,084
161
169
2,369
10
20
19
7
15
2,261
79
185
3,002
704
464
6,703
El Salvador
Uruguay
Venezuela
Other latin America.
4,887
987
52
3,160
4,446
1,341
117
542
117
531
106
1
1,887
3,508
1,015
177
89
113
Total latin America.
34,039
3,081
4,208
20,155
80
16,050
33
4,952
17
34
40
.
736
456
4
5
377
280
33
13
439
615
126
165
2,067
165
977
47
180
2,281
655
2,636
2,588
725
99
4,974
44
1,995
2,834
507
341
142
30
4,057
512
101
68
4
525
401
154
90
81
3,336
145
4
2,137
2,239
119
3,911
777
11
3,350
2,661
1,676
140
115
33
80
81
15
100
5,525
1,070
23 ,548
1,449
776
6
108
4,851
14,720
3
5
23
62
4
203
23
34
51
133
2,383
K7
4
60
233
232
379
833
115
537
16,487
1,874
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa.
All other
Total other countries.
International
Grand total.
1/
90
5,949
16,074
42
40
100
197
1,418
29
3,951
27,896
6,
1
2
51
a
53
140
4
3
88
1,293
1,013
34
6
22
16,498
1,542
1,576
346
1,050
96
2
25
34
1,518
1,413
1,460
1,413
7
41
1,439
27,389
27
301
18
13
205
11
197
96
515
899
20
20
1
25
1,578
25
17,599
193
1
24
56
616
56
669
517
311
1,457
8,637
68
15,613
51,608
55,382
33VJ35
36,421
24,164
3,318
234
455.673
157.575
36.780
154,328
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on purchases and sales by Syria are not available separately,
but are included In "Other Asia."
1
62
62
3,134
1
58
37
3,139
1
61
24
6,490
1
451
779
14,700
24
24
3,196
6
312
44
4,516
19
24
65
90
12
677
757
5,524
3,953
35
24
738
119
15,613
76,998
25,298
125,677
72,611
:
.
.
.
December 1959
75
.CAPITAL MOVEMENTS.
V
Table 2.- Long-Term
Section IV - Supplementary Data by Countries
Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Poeition at end of period In thousands of dollars)
liabilities to foreigners 2/
1958
Country
September
Claims on foreigners 2/
1959
December
1958
September p
Europe
Austria.
Belgium.
Denmark.
Finland.
France.
Germany, Federal
Republic of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland. . .
Turkey
United Kingdom.
Yugoslavia
12
13
12
1?
1
1
1
1
1959
September
September p
26,228
32,061
1,825
3,142
16,925
25,506
29,919
1,075
2,940
20,861
24,551
32,360
600
2,787
20,249
23,561
29,804
600
2,308
20,349
9,891
682
19,945
28,750
126,109
10,572
438
24,370
14,850
128,385
9,760
906
23,562
14,320
131,999
6,363
6,858
51,135
19,230
152,246
1,952
6,004
24,424
2,105
99
89,453
1,792
5,261
30,947
2,605
99
86,571
140
1,621
2,500
1,000
1,000
2,550
550
500
31,880
50,930
2,114
7,119
25,212
1,980
99
105, 149
11,198
11,390
10,519
10,418
5,063
1,564
1,513
31,894
50,939
418,429
394,343
399,028
436,941
89,668
98,564
96,787
103,049
Argentina.
Bolivia...
Brazil....
Chile
Colombia..
3,910
31
261,408
6,972
37,811
7,416
34
268,936
6,577
29,838
28,799
41
260,395
8,050
23,926
52,870
41
261,023
9,414
20,799
Cub*
Dominican Republic.
Guatemala
Mexico
Netherlands West
Indies and Surinam.
88,432
8,792
1,339
107,315
92,493
2,782
1,319
106,523
95,786
94,473
500
500
Panama, Republic of.
Peru
El Salvador
Uruguay
27,771
11,890
432
1,603
41,728
53,860
24, 044
Other Europe...
Total Europe.
9,053
32,096
1,730
99
69,323
147
latin America:
26
26
26
43
Venezuela
Other latin America.
55
45
46
Total latin America.
83
48
73
43
273
319
716
107,973
685
117,947
12,520
565
1,624
49,968
52,471
23,477
13,970
506
1,084
45,992
50,838
28,020
13,507
457
1,172
43,863
49,021
653,794
657,610
661,826
695,111
788
3,431
4,809
14,586
13,446
17,439
13,321
24,407
866
4,429
11,000
4,720
14,413
13,183
15,748
13,414
27,470
1,101
9,378
9,950
4,448
12,002
15,310
14,991
13,286
17,312
1,527
12,923
8,450
4,482
10,367
16,975
14,128
10,876
4,312
92,227
105,243
97,778
84,040
16,004
2,428
9,321
45,602
15,187
2,028
11,564
77,532
18,351
2,028
9,519
75,576
22,972
2,028
19,019
76,942
1,500
Asia:
Hong Kong...
India
Indonesia. .
Iran.. ......
Israel
Japan
Philippines
Thailand....
Other Asia..
12
Total Asia
Other countries:
Australia
Belgian Congo.
Union of South Africa.
All other
Total other countries.
Grand total.
\J
2/
5,151
1,617
1,599
Having a maturity of more than one year from date of issuance}
excluding long-term securities.
For the following countries, no long-term liabilities or claims
were reported as outstanding at the end of periods shown in this
32,111
50,994
73,355
106,311
105,474
120,961
1,327,473
1,362,071
1,360,893
1,440,102
table: Czechoslovakia, Poland, Rumania, U.S.S.R., China Mainland,
Republic of Korea, Taiwan, Egypt, and International.
Preliminary.
. .
:
) .
.:
)
76
Treasury Bulletin
,
CAPITAL MOVEMENTS.
Section IV - Supplementary Uaia by Countries
Table 3.- Estimated Gold Reserves!/ and Dollar Holdings of Foreign Countries
and International Institutions
(Position at end of period In millions of dollars)
1957
1958
December
Gold and
shortterm
dollars
Continental Western Europe
Austria
lelgium-Iuxembourg (and Belgian Congo
Denmark
Finland
France (and dependencies ) 2/
Germany, Federal Republic of
Greece
Italy
Netherlands (and Netherlands West
Indies and Surinam)
Norway
Portugal (and dependencies
Spain (and dependencies
Sweden
Switzerland
Turkey
Other 5/
Total Continental Western Europe...
Sterling Area:
United Kingdom
United Kingdom dependencies
Australia
452
1,184
1959
September
U. S.
Gov't
bonds
and note
8
June
Gold and D. S.
shortGov't
term
bonds
dollars and notes
Gold and U. S.
shortGov't
term
dollars
7
6
6
605
1,522
5
104
1,134
143
8
6
99
946
9
554
1,471
193
98
1,019
4,099
167
1,531
14
4,330
1,044
138
14
105
1,389
144
13
1,497
97
173
651
126
«
«
707
94
507
2,777
164
1,370
5
13
4,394
139
2,207
125
1,934
479
5
2,685
162
851
128
12
694
134
496
2,733
154
1,165
14,757
319
16,633
2,875
104
211
205
a6
3
200
11
3
3
88
6_
259
17,594
3,723r
109
241
324
India
329
Union of South Africa
Other
255
1
3,851
100
228
320
216
228
34
233
41
4,889r
3,097
Total sterling area.
Canada
4
1
4
ft
1
1
4,002
245
4,948
263
2,723
457
3,022
346
241
251
latin America:
Argentina
Bolivia...
Brazil
.
Chile
Colombia..
263
27
456
115
215
245
22
210r
458
124
207
463
140
241
86
366
51
57
69
561
Cuba
Dominican Republic
El Salvador
Guatemala
371
Mexi
566
3
517
3
1
1
1
148
92
260
Venezuela
Other
136
88
235
1,554
127
2
13
1,233
135
12
146
96
262
1,213
119r
Total latin America.
4,368
176
4,040
108
4,017r
i-o
Panama, Republic of.
Peru
Uruguay
Asia:
Indonesia
Iran
Japan
Philippines
75
*
193
714
181
269
777
Total ABia }J
Other countries
2,324
y
Egypt
Other 1/.
16
Total other countries }J
•
1,220
2
2
U5
184
1,094
186
723
778
2,494
328
390
28,564
h
129
181
1,018
191
252
192
136
228
162
Total foreign countries ±/.
International
59
56
190
Thailand
Other 1/
Grand total i/.
154
65
58
92
409
23
31,465
2,697
222
2,790
31,261
1,442
34,255
245
12
Gold and
short-
bonds
term
and notec dollars
Gold and U. S.
Gov't
shortGov't
bonds
term
bonds
and notes dollars and notea
D. S.
September p
Gold and
shortterm
dollars
D. S.
Gov't
bonds
and notes
December Wi
1
)
77
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United 3tatee
Government which appear In the "Treasury Bulletin" begin-
ning with the August 1956 Issue are compiled from reports
submitted to the Treasury under Department Circular
Issued January
No. 966,
Issued June
195&.
1,
~}0,
1956,
ana Supplement No. 1,
-
The regulations so Issued are pur-
suant to Section 114 of the Budget and Accounting Procedures Act of 1950 (31 U.S.C. 66 b),
and represent another
published quarterly and appear as Section
I
In the series
The first data under the new regulations are
for March 31, 1956, and were presented In the August 1956
of tables.
Bulletin.
Statements of Income and expense and source and
application of funds are published semiannually, for June 30
and Deoember 31 reporting dates, and appear as Seotlona II
and III.
The first of these statements under the new
regulations cover the fiscal year 195°. and were published
In the January 1957 Bulletin.
Within the sections, the
step In the program of comprehensive and Integrated Gov-
agencies are grouped In separate tables by type, as follows:
ernment accounting and financial reporting for which
authority was provided In that aot. They supersede
public enterprise revolving funds,
Budget-Treasury Regulation No.
and trust revolving funds.
3,
Issued under Executive
lntragovernmental
revolving funds, certain other activities, deposit funds,
Order No. 8512 of August 13, 1940, as amended by Executive Order No. 9084 of March 3, 1942, under which financial statements previously published In the Bulletin
all executive agenoles and aotlvltles not reporting under
were submitted.
Department Clroular No. 966, but required only a statement
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
mainly not buelness-type aotlvltles, and those which had
Included In the Government Corporation Control Aot, as
temporarily to report only the asset side.
amended
and all other aotlvltlee
plement rounds out provision for the Information on
of the Government operating as revolving funds for which
properties and assets of the United States Government which
Supplement No.
1
added to the coverage by Including
of financial condition annually as of June 30.
In coverage,
(
31 U.S.C.
846,
S56);
These are
not yet developed formal accounting procedures to provide
complete balanoe sheet types of statements were authorized
Thus the sup-
business-type publlo enterprise or lntragovernmental 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
aotlvltles and agencies whose operatlone,
Other
servloes,
or
continuing study of the assets of the Government.
The
functions are largely self-liquidating or primarily of
first comprehensive reporting under Supplement No.
1 le
a revenue-producing nature,
whose operations result In the accumulation of substantial
for June 30, 1957. and the data were published In the
Deoember 1957 Issue of the Bulletin as Part B of Table 4
Inventories,
In Seotlon I.
and aotlvltles and agencies
Investments and other recoverable assets,
may be brought under the regulations as agenoy aooountlng
systems are developed to the point where they are capable
of furnishing the financial reports required.
Four kinds of financial statements are oalled for by
Department Circular No. 966. They are statements of
financial condition, Income and expense, source and
application of funds, and certain commitments and contin-
gencies.
The etatements of financial condition are
A summary of loans outstanding for a series of dates
ie Included In Seotlon I of the Bulletin presentation
beginning with the June 1958 Issue. Two olasslf lcatlons
of the loans are shown, one by type and one by agency.
Data prior to 195& are based on the earlier reporting
requirements, which provided for complete coverage of
Government lending agencies.
Treasury Bulletin
78
,
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
I
- Statements of Financial Condition
Table 1.- Summary by Specified Classes of Activities, June 30, 1959
(In thousands of dollars)
:
)
:
December 1959
79
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1950
(In thousands of dollars)
Total
Office of
Civil and
Defense
Mobilization
Civil defense
procurement
Development
loan
International
Cooperation
Administration
Foreign
investment
guaranty
fund
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
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net )
Inventorie a
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (Acquired security or collateral (net)
land
structure s and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
,
,
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
Other: Guaranteed by the U. S
Not guaranteed by the D. S
Other liabilities (including reserves)...
Total liabilities
NET DIVESTMENT
United States interest:
Intere st-bearing inve stment
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
171,566
2,123,999
fund
1,340
782,034
27
4,022
1,898,768
343,908
7,664,141
-2,588,597
318
474
497
11
160
4,442
1,193
75,981
523
29,500
11,543,816
41,327
-488,800
196,509
4,876,720
-1,000,276
3,311
186
37,711
25,656
41,327
3,460,443 2/
56
-5
15,019
246
-109
330
803 ,860
26,933,309
258
4
2
1,500
101,269
443,644
849,923
4,050
497
3
,499,356
16,455
17
117
83
66
86,846
313,643
143
3,631
731
41,522
158,457
36
39
63,086
47,933
797,403
935,829
2,993,994
284
1/
100,000
20,921,052
678,009
1,056,000
7,234,192
1,325,628
-401,099
-6,974,466
4,167 2/
100
4,375 37
243
1,922,600
14,291
1,000,000
1,500
850,000
22
1,169
-384
4,050
497
572,381
497
3,494,981
1,500
849,638
4,050
1,500
849,923
4,050
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
30,913,781
-6,974,466
1,500
850,022
-384
4,050
23,939,315
1,500
849,638
4,050
753
"
16,212
"
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
-1,997,906
296,354
investment excl. interagency items.
22,237,763
Footnotes at end of Table 8.
Liquidation of
certain Reconstruction
Finance Corporation assets
1,250
26,933,309'
S.
Regular
lending
activities
5,386
14,564
23,939,315
U.
Defense
production
guaranties
974,540
63,059
-8,173
182,564
Total Liabilities and investment
U. S.
Export- Import Bank
of Washington
Atomic
Energy
Commission
3,499,356
16,455
2,922,600
572,381
15,460
497
497
3,494,981
16,212
106
1,500
849,745
(Continued on following page)
4,050
497
753
-11
52
143
3,495,022
16,355
U
Treasury Bulletin
so
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprl se Revolving Funds, June 30, 1959 - (ContinuedJ
(In thousands of dollars)
)
December
l
)
J
)
{
ii9
si
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES,
Table 2.
Section I - Statements of Financial Condition
Public Enterpr Ise Revolving Funds, June 30, 1959 - (Continued
(In thousands of dollars)
federal Home
Loan Bank Board(C ontinued
Home Owners'
Loan
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
Corporation
(liquidated
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury 1/
Investments:
Public debt securities (par value)....
Securities of Government enterprises..
Unamortized premium, or discount (-)..
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net )
Inventorie a
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)...
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trast and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
Total liabilities
492
6,186
19,029
2,482
3,013
9,030
-955
35
685,578
-276,350
492
78
1,173
68
376
38
11,294
492
20,690
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)
349,672
90,041
Total United States Interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
439,713
492
460,403
349,672
90, 041
investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
439,713
investment excl. interagency items.
440,733
U. S.
U.
S.
Footnotes at end of Table 8.
-2,482
3,502
97
602
7
1,592
Treasury Bulletin
82
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1959 (Id thousands of dollars)
(Continued
I
)
December 19?9
*3
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1959 - (Continued*
fin thousands of dollars)
General Services Administration
Abaca
fiber
program
ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury l/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
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: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets
375
1,524
812
2
Federal
Facilities
Corporation
Reconstruction
Finance
Corporation
liquidation
fund
561
8,264
1,524
117
221
3,893
1
475
75
677
4,814
-3 ,172
31,899
-26,841
4,832
17,591
9,273
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves;...
307
Total liabilities
448
2
139
52
64
NET INVESTMENT
United States interest:
Interest-bearing Investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Ac cumulated net income, or deficit {-).
Deposits of general and special fund
revenues (-)
Total United States interest
Total liabilities and investment....
ANALYSIS OF UNITED STATES INVESTMENT
United States Investment
Accumulated net income, or deficit (-)...
13,866
-9,482
17,527 2/
4,384
17,527
4,832
17,591
13,866
-9,482
17,527
Investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
4,384
17,527
-812
-1,524
investment excl. interagency items.
3,574
0. S.
D.
S.
Footnotes at end of Table 8.
2
16,003
Treasury Bulletin
git
pnppnPflTTONs Awn mrwrATN nTHrra wTSTTra^-TWE arnrnrnPTK....
December 1959
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterpr lse Revolving Funds, June 30, 1959 - (Continued)
(In thousands of dollars)
86
COI
December /9J9
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1959 - (Continued)
(In thousands of dollars)
Treasury Bulletin
ss
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1959 (In thousands of dollars)
(Continued)
December 1959
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVIT IES.
Table 2.
Section I - Statements of Financial Condition
Public Enterpr ise Revolving Funds, June 30, 1959 - (Contlnuedl
(In thousands of dollars)
:
90
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1959 -
(Continued)
(In thousands of dollars)
Treasury Department - (Continued)
Bureau of
Accounts
Fund for payment of
Government losses
in shipment
ASSETS
Cash in bankB, on hand, and in transit...
Fund balances with the U. S. Treasury l/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)..,
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorlee
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable
Government agencies
Other: D. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
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
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
Office of the
Treasurer
Treasurer of the U. s.,
check forgery
insurance fund
1U
1,756
34
36
18
5,433
169,418
-9,650
160
114
44
167,177
28
*
1,948
45
34
Total liabilities
2,042 2/
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)
Total United States interest
Expansion of
defense production
150,650
802
50
142
-865
-6
14,485
79
44
165,135
114
44
167,177
944
-865
50
-6
150,650
14,485
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
79
44
165,135
investment excl. interagency items
79
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investn»nt
Accumulated net income, or deficit (-)..
0. S. investment incl.
U. S.
Footnotes at end of Table 8.
-36
1,976
44
167,075
—
:
,
December /9J9
91
.
COEPORATIOrfS AMD CZRTAIH OTHER BUBDttSS-TTFI ACTIVITIES .
Section I - Statement* of Financial Condition
Table 3.- Intragovernnental Revolving Funda, June 30, 1060
(In thousands of dollars)
legislative
Branch
Government
Printing
Office
ASSETS
Cash In banks, on band, and In transit
Fand balances vlth the U. S. Treasury _l/.
Investments
Public debt securities (per value
Securities of G ov e rnment enterprises...
unamortized premium, or discount (-)...
Other securltle»«Si;.T.:. ...... ..„.»«».
Advances to contractors and agents:
Government agencies
3,552
1,570,164
756
12,035
ClTll
Service
Commission
Investigations
3,438
General Services Adalnlatratlon
Administ ration
Administrative
expenses
foreign aid
procurements
Supply
fund
322
11,398
Buildings
nanageaent
fund
General
aupply
fund
1,174
12,838
1,268
35,709
11,611
870
9,375
33,611
390
53,188
3,837
-1,833
597
23,118
-6,075
108
J
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventor lee
Allowance far 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 ( -)
Otmsr assets (net)
Total assets
777
1,533
618
43
1
7,663
699,354
34,958
8,895,155
-222
OH
760
9
21,272
B
123
671
27,987
403,760
-159,950
48,696
27,902
-10,693
1,391
630
-371
286
-71
11,497,783
61,692
5,171
48,327
1,278
38,470
141,318
218,268
267,059
51
2,182
605
7,769
6
33
1,672
15,589
1,174
13,134
4,270
81,123
99
1,758
33,702
3,662
1,771
946
21,849
36
9,
UABILITIKS
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the united States
Rot guaranteed by the United States..
Other liabilities (including reserves)...
Total liabilities
NET I5VZ3TMHIT
United StateB interest:
Interest-bearing Investment;
Capital stock
Borrowings from the U. S. Treasury...
Other
nonlnterest-bearlng lnvestmsnt:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues -)
2,510
379
1,260
86
34
419
260,852
3.050
707
871,825
9,432
1,164
3,369,986
1,522,555
8,432,256
-2,698,839
1,000
42,901
4,000
18
503
8,895
_JZ7_
19.500
545
116
38,532
36,738
3,500
4,441
-9,103
1,100
95,750
6,298
-77
1,239
39,669
8,360
7
-237
10,625,958
52,260
4,007
39,432
1,162
-62
104,580
11,497,783
61.692
5,171
48.327
JU228
38.470
m.3i8
13,324,796
-2,698,839
43,901
8,360
4,000
7
39,669
-237
-77
1.239
-1,162
1.100
102,048
2.532
10,625,958
52,260
4,007
39,432
1,162
-62
104,580
-700,131
258,751
-9,021
1,409
-760
36
-8,281
-33 ,611
623
6
-11,611
3,443
10,184,578
44,649
3,284
31,774
1,168
-8,229
93,993
2,532
(
Total United States Interest
Total liabilities and Investment
AHAUSIS OF UNITED STATES CTvXSTMHTf
United States Investment
Accumulated net Income, or deficit (-)...
Total United States Investment Including
••*
Interagency Items
Interagency items:
Dub from Government agencies (-)
Due to Government agencies
Total United States Investment after
exclusion of Interagency items
A/ See Table
*
1, footnote 4.
lees than »500.
(Continued on following page)
3,023
:
Treasury Bulletin
32
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
3.Intragovernmental
Revolving Funds, June 30, 1050 - (Continued)
Table
(In thousands of dollars)
General Services Administration - (Continued)
Construction
eerviaesv
public
buildings
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury i/'.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities ........ ...... ..».,.•»
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)
Total assets
235
Working
capital
fund
100
Agriculture Department
Agricultural
Research
Service
Forest
Service
Working
capital
Working
capital
fund
fund
482
Commerce Department
Working
capital
Bureau of
Standards
Working
capital
fund
fund
1,945
279
9,112
7
52
129
228
1,442
60
123
61
843
227
-109
-314
541
29,620
-14,975
210_
455
406
2
92
454
12
265
840
-450
2_
1,060
19,247
35
20
689
47
37
786
a
141
35
208
4
80
3,973
331
2,807
53,347
-16,864
608
1,409
53,378
89
78
1,150
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Hot guaranteed by the United States..
Other liabilities (Including reserves)...
229
J>2_
Total liabilities
324
151
MST IHVBSTMBrr
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Honinterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues ( - )
1,235
6,638
4
61
7
131
-224491
J222,113
20?
2.
1*
416
11,302
400
50
195
300
230
15, 797
523
5,000
36,827
10
39
1,337
69
248
17,134
992
42,075
Total United States interest
131
255
Total liabilities and investment
455
406
1,060
ANALYSIS OF UNITED STATES INYESTMBIT
United States investment
Accumulated net income, or deficit (-)...
245
10
530
15, 797
923
131
39
1,337
69
41,827
248
131
255
570
17,134
992
42,075
-220
2
-129
35
-228
82
-1,442
726
-454
93
-3,980
6,716
162
43
16,418
631
44.811
JJ0=
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
1/
*
See Table 1, footnote 4.
Lass than $500.
-87
(Continued on following page)
December 1959
93
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACT IVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1959 - (Continued)
(In thousands of dollars)
Defense Department
Air Force Department
Stock
fund
ASSETS
Cash In banks, on hand, and In transit...
Fund balances with the U. S. Treasury 1/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
».,...
Advances to contractors and agents:
Government agenc le s
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)
276,058
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
Other:
Guaranteed by the United States
Not guaranteed by the United StateB..
Other liabilities (Including reserves)...
Army Department
Industrial
fund
42,726
Stock
fund
526,820
Industrial
fund
Nsvy Department
Corps of
Engineers
Stock
fund
Industrial
fund
186,620
24,271
234,936
133 ,503
42,067
11,696
1,987,140
86,656
202
268,176
a
1,374
131,070
12,922
436,645
62,783
253
1,025
267,302
6,677
,546,186
11,741
96,880
22,359
286
8,283
8,775
305
23,163
1,311
200,352
-87,585
1,180
1,303
7,562
865,470
107,112
6,371,523
297,484
169,146
2,277,142
496,126
51,652
70,752
9,148
9,237
39,796
61,411
4,709
14,639
2,473
8,148
77,829
27,177
3,310
15,421
1,256
27
933
3,927
55,887
18,508
861
1
413
2,261
203
Total liablll ties
MET IMVESTMBHT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearlng Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).,
Deposits of general and special fund
revenues ( -)
1,665
1,985
22, 147
36, 210
39,305
2.575
125.311
124,068
21.82S
123.355
74.479
50,788
107,580
206,117
221,300
690,529
81,000
-859
206,030
14,208
25,241
90,028
2,511,191
303,090
-35,021
1,867
3,090
-341 ,629
21,940
,
,
-170,427
5,143
8,432,496
-2,184,328
,
Total United States interest
741,402
85,284
6,248.169
23,00*-!
118,358
2,169,561
.-yj
865,470
107,112
6,371.523
297.484
169.146
2.277.L42
496,126
ANALYSIS 0? UNITED STATES INVESTMENT
United States Investment
Accumulated net Income, or deficit (-)...,
911,829
-170,427
80,141
5,143
8,432,496
-2,184,328
221,138
1,867
115,268
3,090
2,511,191
-341,629
268,069
21,940
Total United States Investment Including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
741,402
85,284
6,248,169
223,006
118,358
2,169,561
290,010
-131,070
51,652
-62,783
9.U8
-267,302
39,796
-11,741
4,709
-22,359
3,335
-42,067
77,829
-86,656
7,237
661,984
31,649
6,020,662
215,974
99,334
2,205,323
210,591
Total liabilities and Investment
,
,
Total united States investment after
exclusion of Interagency Items
~}}
See Table 1, footnote 4.
(Continued on following page)
.QKi
:
)
9*
Treasury Bulletin
.
Table 3.
COHFOBATIons AMD
CJOCTAIfl
OTHER BUSIRESS-TXPE JtCTlVlTlKS.
Section I - Statements of Financial Condi tlon
Intragovermental Revolving Funds, June 30, 1 060 - (Continued)
(Id thousand* of dollar,)
Defense
Dept. (Continued
Health, Education, and Welfare Department
Office of
the Secretary
Public Health Service
Navy Dept. (Continued)
Marine Corps
stock fund
Working
capital
fund
Service and
supply fund
Narcotic
hospitals
Interior
Department
Office of
the Secretary
Working
Working
capital fund
capital
fund
JuBtlce
Department
Federal
Prison
Industries,
Inc.
A3SP3
Cash In banks, on hand, and In transit...
rsna balances with tile u. 3. Treasury J/.
Investments:
Public debt eecurltles (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventor ie e
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)
406 ,605
1.605
13
7
33
Total assets
451,485
532
2,585
587
23,122
16,135
65
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust snd depoBlt liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Hot guaranteed by the United States..
Other liabilities (Including reserves)...
Total liabilities
31
42,937
276
682
324
56
325
14
67
91
1,437
74
238
236
-140
246
-112
394
-220
25
357
36
34
188
5,419
244
2,368
1U
8,630
228
-102
15,417
-6,152
672
25, 744
35
387
1,055
15
16
53
10
108
1,800
74
405
79
41,058
205
440
40
163
1,975
181
-93,000
572,030
450
1,547
134
221
73
300
177
5,272
-68,602
106
148
340
32
18,497
410,428
~4 rl
326
3,145
547
509
23,769
,485
532
2,585
587
672
25.744
479,030
-68,602
221
106
1,997
148
207
340
477
32
5,272
18,497
410,428
326
2,145
547
-324
23,122
-56
74
-325
345
1,820
49
NET INVESTMENT
united States interest:
Interest-bearing Investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearlng Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenue s (-)
Total United States Interest
Total liabilities and Investment
ANALYSIS OF UNITED STATES INVESTMENT
United States Investment
Accumulated net Income, or deficit (-)...
Total United States Investment Including
Interagency ItemB
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
Total United StateB lnvestanent after
exclusion of Interagency Items
1/
«
See Table 1, footnote 4.
lass than $500.
a
20
433,226
(Continued on following page)
547
509
23,769
-244
35
-2,368
495
300
21,896
December 1959
,
CORPORATIOHS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1959 - (Continued)
(In thousands of dollars)
Treasury Bulletin
96
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1959 - Part A
(In thousands of dollars)
I
December
l
l
)5 ()
97
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.
Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1959 - Part A ±/- (Continued)
(in thousands of dollars)
Treasury Bulletin
98
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1050 - Part k^ - (Continued)
(Id thousands of dollars)
December 1959
99
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1050 - Part Al/- (Continued)
(In thousands of dollars)
Justice Department
Interior Department
ASSETS
Cash in hanks, on hand, and in transit...
Fund balances with the D. S. Treasury 4/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
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: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land , structure s and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
,
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
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
NET INVESTMENT
United States interest:
nt,™ at. -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 (-)
Bonneville
Power
Administration
Southeastern
Power
Administration
Southwestern
Power
Administration
Immigration
and Naturalization
Service
19,744
1,086
12,067
5,253
71
State
Departn
legal
activities
and general
administration
582
4,820
art
International
Boundary
and Water
Commission
Treasury
Department
Miscellaneous
loans and
certain
other assets
2,759
4,937,988 11/
167
10,535
5,819
1,192
31
1,321
480
3
112
282
76
56
19
168
2,593,725 12/
88,103
192,382
3,438,683 12/
86
-33
25,306
-4,655
13,984
5,282
4,432
128,439
9,587
412,389
2,414
34,546
24,101
139,290
72,938
3,215
24
391
1,029
443,535
-86,321
18,810
63,136
-2,731
11,250,881
20
234
10
1,303
1
590
1,292
2,275
45
1,764
4,432
9,033
28
62
306
214
160
3,105
837
3,002
2,408
95,349
10,970,396
13,874
133,776
-21,876
280,485
9,630
8,675
3,105
I
576,736
17,392
73,111 14/
23,987
9,046
92
-334 15/
80,045
30,856
497
4,738
16,834
yj
-1,372
-287,512
-66,506
-28,009
Total United States interest
403,715
2,344
24,916
16,875
136,185
72,101
Total liabilities and investment
412,389
2,4U
34,546
24.101
139,290
72,938
11,250,881
10,970,396
280,485
11,250,881
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)
investment incl. interagency Items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
0. S.
U. S.
investment excl. interagency items.
Footnotes at end of Table 8.
379,727
23,987
-77,702
80,045
8,082
16,834
16,875
136,185
93,977
-21,876
403,715
2,344
24,916
16,875
136,185
72,101
18
-31
9,033
-3
1,764
-112
3,105
83
2,362
33,919
18,636
139,178
72,184
-267
590
404,038
11,250,881*
-88,103
11,162,778
:
•
100
Treasury Bulletin
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1959 - Part B
V
(In thousands of dollars)
Total
Part B
1/
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (ne t )
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
979
22,192,630
-2,097,099
2,079,713
3,430,750
Total assets
35,699,573
U
'
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the D. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net incomB, or deficit (-).
Deposits of general and special fund
revenues (-)
340,963
6,368,763
Office of
Civil and
Defense
Mobilization
International
Cooperation
Administration
20,891
1,515,236
1,484,747
3,349
782
281
9,716
1,106
27,956
13
111
61
979
1,124
12,246
642,978
-10,624
Atomic
Energy-
Commission
Farm
Credit
Administration
3
1,139
Federal
Aviation
Agency
2/
16
339,978
87,204
29
43,961
14,724
51,136
32,298
2,068,440
1,028,285
-12,462
43,839
198,460
6
110
527
9,512
155
115,368
788
10
47,914
20,546
20,546
3,005
25,342
1,609
293,044
226,500
1,573,880
317
31,331
736,844
187
-187
261,231
-15,937
7,595,339
44,995
1,038,956
4,612
127,994
19
105
389
1,410
7,043,027
-1,900,265
17,149
355,501
327,997
176
1,269
8,715
88,088
23,332
136,213
190,401
317,095
525
13
4,489
1,976
7,606
76
1,263
1,077
319
22,539
2,206,221
538
6,070
240,068
519
34,159
41,893,130
3,374,713
7,159,943
-17,624,620
364,462
1,147
1,509,166
21,974,279
44,782
344,484
-306
660,313
7,355,271
44,476
1,004,797
7,595,339
44,995~
1,038,956
7,829
546
29,500
368,856
58,644
-139,648 57
-14,564,970.57
-1,309,814
-54,038
Total United States interest
33,493,352
225,961
1,567,810
Total liabilities and investment
35,699,573
226,500
1,573,880
51,117,972
-17,624,620
365,609
-139,648
1,567,810
21,920,241
- 14,564,970
44,476
1,004,797
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
33,493,352
225,961
1,567,810
7,355,271
44,476
1,004,797
-47,022
-3,362
525
-2,230
15.303
-8
291.713
-392
4.806
95
-9,622
8,394
investment excl. interagency items.
33,738,043
223,125
1,572,224
7,368,344
44,563
1,003,570
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
D. S.
U. S.
Footnotes at end of Table 8.
'
(Continued on following page)
December 1959
101
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1959 - Part B 1/
(Continued)
(Id thousands of dollars)
Agriculture Department
United
States
Information
Agency
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
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)...
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
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
Other: Guaranteed by the 0. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the D. S. Treasury.
Other
N on into rest-be a ring investment:
Capital stock
Appropriations. .....................
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)
Other,
Veterans
Administration
except
Depar
Departments
6/
36,761
971
314,196
194
71
Agricultural
Research
Service
ForeBt
Service
Soil
conservation
service
Other
2/
116,738
28,453
50
20,718
56,088
376,230
2,151
197
6,355
1,164
250
328
150
48
1,569
619
7,425
2,568
507
214
87
421
483
441
1,123
288
2,455
2,693
31
139
1,441
2,080
1,876
536
1,290
70,280
1,396,392
9,796
-115
88,912
-22,190
941,514
26,958
-7,918
11,921
-830
77,920
229
45
97,240
109,471
1,802,792
128,944
104,083
1,063,965
78,190
394,457
8,416
33,778
506
69,722
202
1,758
34,115
795
2,7a
761
34,084
5
749
8,060
1,030
6,658
5,670
41, 218
3
1,U7
718
3,232
170
794
8,197
1,312
1,998
1,447
67,699
26,127
2,643
745
710
159
29,500
71
1,893
10,231
9,501
12,645
9,148
3,517
170,865
78,746
21,983
53,089
20,842
89,308
35,337
70,997
217,669
1,414,258
55,773
4,050
3,883
29,751
22,730
59,011
490,8a
52,349
988, 146
-1,662
-41,904
-143,768
57,349
305, 149
.
-13,478
-380
-30
Total United States interest
105,954
1,631,927
Total liabilities and investment
109,471
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
876~
50,198
82,100
1,802,792
128, 944
104,083
1,063,965
78,190
394,457
105,954
1,631,927
63 ,676
82,100
1,010,876
57,349
448,917
-143,768
investment incl. Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
105,954
1,631,927
50,198
82,100
1,010,876
57,349
305 ,H9
-71
1,998
-623
76,877
-507
-1,373
2,815
-2,843
3,155
-6,776
951
-1,441
37,988
Investment excl. interagency items.
107,881
1,708,181
52,846
76,275
1,012,318
54,506
341,696
1,010,
'
U. S.
U. S.
Footnotes at end of Table 8.
-13,478
(Continued on following page)
Treasury Bulletin
102
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
4.Certain Other Activities, June 30, 1959 - Part B 1/
Table
(Continued)
(in thousands of dollars)
Commerce Department
Coast
and
Geodetic
Survey
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 4y.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets
of
Weather
Bureau
Army
Department
Other
8/
Corps of
Engineers 2/
Office of
Education
165
2
4,264
Health, Education, and
Welfare Department
Bureau
Public
Roads
65,218
12,096
15,809
94
57
3,588
587
9
858
235,337
218,809
123
1,037
178
1,062
735
23,936
2,604
4
1,095
5
1,887
362
30,496
7,235,576 10/
-44,601
50,886
26,077
41,387
-7,470
16,486
806
835
1,988,762
10
32,624
126,410
34,167
35, 814
9,417,083
300,570
237
885
16
386
3,495
59,894
75
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
1,458
Total Liabilities
3,076
36,074
3,827
107,659
33,977
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury-
Defense
Department
17,495
156,922
2,268
486
10
23,854
5,493
4,44^
1,082
44
220
20
3,300
1,518
4,089
4,715
396
5,215
13,512
60,377
157,239
61,949
81,382
•
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (-)
25,721
14,655
55,016
11,944,069
14,297
14,605
-47,283
562,373
-2,921,336
-51,181 5/
-36
-228,399
Total United States interest
29,547
90,336
28,952
22,302
9,356,706
143,331
Total liabilities and investment
32,624
126,410
34,167
35,814
9,417,083
300,570
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
29,547
141,516
-51,181
28,952
69,585
-47,283
12,278,043
-2,921,336
143,331
29,547
90,336
28,952
22,302
9,356,706
143,331
-2,010
9,354,697
investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S.
U. S.
investment excl. interagency items
Footnotes at end of Table 8.
-120
723
-735
23.854
-3,588
1,082
-587
3.784
29,33
113,455
26,446
25,499
-1,037
(Continued on following page)
220
143,551
December 1959
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.
Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1950 - Part B 1/
(In thousands of dollars)
(Continued)
104-
Treasury Bulletin
,
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1050 - Part B i/ - (Continued)
(In thousands of dollars)
December
W9
105
.CORPORATIONS AND CERTAIN OTHER BUSINBSS-TTFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, June 30, 1059
(In thousand* of dollars)
Far* Credit
Administration
Total
Banks
for
cooperatives
ASSETS
Cash in banks, on band, and In transit
Fund balances with the D. S. Treasury 1/
Investments:
Public debt securities (par value)
••
Securities of wholly owned Govt, enterprises.
Onamortixed premium, or discount (-}^. .......
Other securities ....,
•
.
Advances to contractors and agents i
Government agencies
Other
Inventories.
Allowance for losses (-)
Accounts and other receivables t
Government agencies
••
Other (net)
loans receivable
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
Total assets
•••••
88,009
21,534
13,131
88
3,370,538
42,963
-5,330
6,005
115
69
•••
LIABILITIES
Accounts and other payables
Government agencies............
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities
Government agencies
Other
Bonds, debentures, and notes payable I
Government agencies
Otbsn Guaranteed by the united States
Hot guaranteed by the united States.
All other liabilities (including reserves)...
203
776,952
1,900
2,794,335
154,384
Total liabilities
MET DWESTTCNT
Private interest:
Capital stock
Accumulated net Income, or deficit (-).
Total private interest
united States interest:
Interest-bearing investment!
Capital stock
Borrowings from the U. S. Treasury
Other
abnintereet-bearlng investment:
Capital stock
Appropriations
Capitalisation of assets (net)
Other
Accumulated net incone, or deficit (-)
Deposits of general and special fund revenues (-)
220,538
2,151,549
Total united States interest.
2,372,087
Total liabilities and investment.
7,U5,699
Federal
intermediate
credit
banks
Federal
Deposit
Insurance
Corporation
Federal Hob*
Loan Bank
Board
Federal home
loan
banks
io6
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, June 30, 1959
(in thousands of dollars)
December 1959
107
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, June 30, 1050 - (Continued)
::
:
:::
: :
:
108
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding, June 30, 1959, Excluding Interagency Loans,
Classified by Types of Loans
(In thousands of dollars}
United States dollar loans
Type of loan and lending agency
Public enterprise
revolving funds
Certain other
activities
Foreign
currency
loans 1/
To aid agriculture
Loans to cooperative associations:
Farmers Home Administration
Rural Electrification Administration
Crop, livestock, and commodity loans:
Commodity Credit Corporation
Disaster loans, etc., revolving fund
Farmers' Home Administration
Virgin Islands Corporation
Storage facility and equipment loans
Commodity Credit Corporation
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
9,921
2,973 ,478
Total to aid agriculture
6,390,188
2,587,334
2,030,375
1,211,083
,2,030,375
848
848
8a ,331
821,331
1
9,921
2,973,478
2,219,881
73,615
2,219,881
73,615
4,796
4,796
3
30,874
30,874
405,746
33,414
33,414
229,548
405,746
2/
229,548
408,915
2/
408,915
3,802,855
To aid home owners
Mortgage loans
Federal National Mortgage Association:
Management and liquidating functions....
Special assistance functions
Housing and Home Finance Administrator:
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project.
Veterans* Administration:
Direct loans to veterans and reserves...
Loan guaranty program
Other loans
Veterans' Administration:
Direct loans to veterans and reserves...
Loan guaranty program
1,211,083
170
3,994
3,994
Total to aid home owners
3,357
227,762
3,357
4,298,920
4,067,164
1,456
1,456
6,076
6,076
1,410
172,342
1,410
14,558
167,962
14,558
167,962
3,447
2,459
144
3,447
2,459
144
227,762
231,756
To aid industry:
Loans to railroads
Expansion of defense production:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation liquidation
Ship mortgage loans
Commerce Department:
Federal ship mortgage insurance fund
Maritime activities
Other loans
Expansion of defense production:
Interior Department
Treasury Department
Defenae production guaranties:
Air Force Department.
Army Department
Navy Department
Other purposes
Export- Import Bank of Washington
General Services Administration:
Reconstruction Finance Corporation liquidation
Housing and Home Finance Administrator:
Liquidating programs
Inland Waterways Corporation
Interior Department:
Bureau of Commercial Fisheries:
FisherieB loan fund
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation
Treasury Department:
C ivil defense loans
Reconstruction Finance Corporation liquidation
Virgin Islands Corporation
Total to aid industry
Footnotes on following page.
fund.
fund.
172,342
11,184
2/
11,184
IT
677
4,464
6,250
4,464
6,250
289,482
4,436
289,482
4,436
1,009
24,771
154
1,009
24,771
154
705,637
533,295
4,540
fund.
fund.
(Continued on following page)
172,342
December 1959
109
.
CORPORATIONS AND CERTAIN OTHER BUSINKSS-TTPE ACT IVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding, June 30, 1959, Excluding Interagency Loans,
Classified by Types of Loans - (Continued)
(in thousands of dollars)
United States dollar loans
Type of loan and lending agency
Public enterprise
revolving funds
Certain other
activities
Foreign
currency
loans 1/
To aid States, Territories, etc.:
General Services Administration:
Public Works Administration (in liquidation)
Health, Education, and Welfare Department!
Public Health Service
Housing and Home Finance Administrator:
Public facility loans
Liquidating programs
Urban renewal fund
Inland Waterways Corporation
Interior Department:
Bureau of Reclamation
National Capital Planning Commission
Public Housing Administration
Treasury Department:
Miscellaneous loans and certain other assets
79,924
518
32,348
8,175
70,592
32,348
8,175
70,592
9
9
14,915
1,290
89,144
89,144
14,915
1,290
13,073
Total to aid States, Territories, etc
Foreign loans
Expansion of defense production:
Export- Import Bank of Washington
Other purposes:
Commerce Department:
Maritime activities
Development 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 assets
,
,
,
,
,
Total foreign loans
79,924
518
,
13,073
309,988
200,268
28,373
28,373
34,211
25,656
25,656
109,720
34,211
3,460,443
15,019
1,773,352
41,327
V
1,120,803
57
3,460,443
15,019
1,773,352
3,425,471
3,425,471
8,762,524
3,529,491
5,233,033
1,162,130
Other loans
Health, Education, and Welfare Department:
Office of Education:
Loans to students (World War II)
Loans to educational institutions...
Housing and Home Finance Administrator:
College housing loans
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Loans for Indian assistance
Revolving fund for loans
Office of Territories:
Loans to private trading enterprises
Small 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' insurance fund
Soldiers' and sailors' civil relief
Veterans' special term insurance fund
Vocational rehabilitation revolving fund
Total other loans
Total loans
2/
The dollar equivalents of these loans are computed for reporting
purposes at varying rates. Where the loan agreements stipulate
a dollar denominated figure, the loans outstanding are generally
valued at agreement rates of exchange.
Loans executed in units
of foreign currency are valued at the market rates (i. e., the
rates of exchange at which Treasury sells such currencies to
Government agencies).
,
,
,
,
,
,
,
,
,
,
,
353
353
30,496
30,496
554,807
8,239
554,807
8,239
159
9,516
9,516
241
241
49,080
3,638
49,080
3,638
536
536
602
50
,
,
139
139
,
,
159
602
50
3
3
90
90
657,949
21,125,206
2/
2/
tj
5_/
6/
6/
626,266
31,683
11,543,816
9,581,390
Includes certificates of interest.
Certain other activity (Part A).
Public enterprise revolving fund.
Certain other activities (Parts A and B).
Does not include foreign currency loans.
1,173,314
:
;
Treasury Bulletin
110
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
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 dollars)
To aid agriculture
End of
period
Total
1/
Fiscal years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
Total
to aid
agriculture
Agricultural
credit
corporations
Cooperative
associations
To aid home owners
Crop, livestock, and
commodity
loans 2/
Farm
mortgage
Other
loane
12,771.7
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.9
22,893.4
27,510.7
3,773.3
3,674.7
4,058.2
4,996.6
6,389.1
6,361.7
6,789.6
6,827.5
6,913.4
8,489.7
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
1,659.0
1,958.8
2,174.3
2,333.3
2,467.9
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
1,003.1
408.6
437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
515.9
530.1
549.6
588.8
647.2
634.1
275.3
314.2
359.2
454.0
21.6
25.5
30.9
34.2
39.5
44.6
392.5
448.2
447.3
452.0
13,413.2
U, 595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
3,884.1
4,161.3
5,070.3
6,810.5
6,929.2
6,715.4
6,785.4
6,681.1
8,684.9
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
1,892.
2,171,
2,341.
2,468,
2,589.
2,721,
2,954.
3,152,
508.8
517.1
566.7
597.6
628.7
596.4
289.8
357.5
399.5
23.4
30.9
3,394.2
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
2,441.6
1,840.7
3,333.9
21,820.5
23,499.5
23,717.4
27,330.5
6,466.5
7,604.1
7,389.2
9,629.7
996.5
1,039.4
1,233.9
3,074.1
3,169.8
3,302.9
3,447.4
1,613.6
2,587.1
2,037.9
3,994.8
345.3
360.3
381.3
37.3
38.4
49.2
41.2
366.2
401.9
396.7
Total
to aid
home
owners
Mortgage
loans
1,315.
1,809.
2,387.
2,914.
2,814.
3,094.
3,377.
4,380.
4,628.
5,872.
1,290.7
1,809.1
2,387.3
2,914.1
2,814.2
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
1,528.1
2,141.6
2,603.3
2,930.0
2,906.8
3,204.4
3,771.4
4,768.6
4,860.3
1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 1/
3.683.1
4,642.0
4,671.8
4,680.3
4,917.0
4,607.0
4,564.8
4,776.4
4,435.5
5,352.0
5,145.5
25.0
.3
.1
.1
.1
74.9 J/
104.5
154.7
231.1
3.0
.3
.1
.1
t
2
.3
88.3
V
126.6
188.5
Current quarters
1957-September
1958-March
September
1959-March
30.
31.
30.
31.
1,313.4
Total
to aid
industry
Loans to
railroads
628.0
603.1
549.4
614.6
426.7
438.5
626.9
639.6
654.2
716.8
113.0
104.7
85.2
78.6
11.9
12.7
12.7
568.0
589.1
597.6
587.8
431.3
678.3
619.3
673.9
679.9
109.9
100.7
81.9
79.0
11.5
651.6
644.7
657.8
695.4
10.3
8.1
433.3
455.1
419.0
115.5
U0.7
171.5
206.6
To aid financial institutions
To aid Industry
End of
period
436.9
447.6
Insurance
companies
Total to
aid financial
institutions
Ship
mortgage
loans
Mortgage
loan
companies
To aid
States,
Territories
etc.
Foreign
loans
4/5/
Other
loans
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
12.3
8.0
7.5
11.2
12.5
10.3
7.8
453.6
824.5
653.0
718.5
677.9
.6
,019.2
,180.6
,086.6
2
2
2
535.5
933.7
,538.9
2
8
260.7
219.3
216.8
186.6
458.1
488.5
515.7
508.8
419.8
406.5
387.5
446.9
485.5
824.3
814.2
864.5
951.8
869.8
1,419.0
1,235.5
1,272.3
1,300.6
216.0
202.5
189.6
182.2
425.3
434.1
460.3
505.6
1,126.0
703.4
1,011.9
1,089.2
6/
6/
z/
221.0
218.6
191.0
173.8
6/
6/
6/
2/
515.0
498.4
464.2
535.9
414.7
425.8
393.2
408.8
455.2
.1
.1
a
8
.1
.1
2.3
3.5
7.3
7.2
2.3
13.6
13.7
5.1
4.5
3.7
3.4
14.0
13.4
4.9
4.5
3.7
3.1
437.4
810.7
647.9
713.9
671.4
1,013.5
1,173.4
1,079.4
929.5
1,537.1
422.9
560.9
732.5
732.7
810.2
800.7
859.6
947.2
863.8
1,412.4
1,228.2
1,265.2
468.0
332.3
255.2
226.8
243.0
270.9
310.0
6,116.3
6,151.1
7,617.0
7,798.4
7,964.8
8,032.4
8,171.6
8,300.2
9,046.2
9,924.7
1,298.3
244.9
246.0
264.0
293.4
6,077.8
6,110.3
7,736.2
8,042.6
8,000.5
7,988.3
8,223.5
8,753.7
9,509.7
1,118.8
696.3
1,009.5
1,087.4
275.9
274.5
293.6
291.0
8,316.2
8,965.3
9,271.1
9,712.4
712.3
1,020.2
644.6
271.7
61.9
65.7
68.4
88.5
138.7
218.6
174.3
335.5
446.8
658.0
62.8
66.2
74.7
118.7
166.0
256.0
210.4
341.9
522.4
Current quarters:
1957-September
1958-March
September
1959-March
30.
31.
30.
31.
Footnotes on page 113.
7.9
7.6
7.2
7.2
2.4
1.8
303.9
390.4
486.7
560.7
December i9J9
111
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
Statements of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part B.- Classified by Agencies
I
-
(In
millions of dollars)
Export-Import Bank Farm Credit Administration
of Washington
tional
Federal
CooperaBanks
Federal
Expanintertion
for
Farm
sion of
AdminiscooperMortgage mediate
defense
credit
tration 8/ prod.
atives
Corp.
banks
Interna-
Total
1/
Erd of period
Fed . Home
Loan Bk.
Board
Fed . home
loan
banks
Reconstruction
Finance Corp. 2/
Expansion of
defense
prod.
Veterans
Administration
Small
Business
AdminDirect Loan
istration loan
guaranty
program program
GSA
Public
Works
Adnin.
(in liquidation
)
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
Current quarters:
1957-Sept. 30.
1958-Mar.
31.
Sept. 30.
1959-Mar.
31
12,771 7 10/
u
13 ,689 4
16,066
17,863
18,743
19,420
20,547
21,812
22,893
27,510
4
8
5
5
8
4
.7
1,457.2
1,529.7
1,543.5
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
.1
.4
13.1
22.3
30.3
36.5
32.4
28.4
2,233.3
2,321.6
2,388.9
2,547.0
2,761.8
2,773.6
2,681.5
2,630.2
3,061.3
3,486.6
245.1
312.1
343.1
324.3
309.2
321.7
349.1
384.3
410.0
525.9
345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
673.3
590.2
637.7
689.4
733.6
928.8
1,159.0
430.4
428.2
473.2
518.0
997.0
1,039.4
1,233.9
1,313.4
13,413.2 12/
H, 595.1
4/
17,966.7
1,514.3
20,086.0
1,536.8
19,575.5
1,623.9
20,506.3
1,766.8
21,091.5
1,994.6
22,755.6
2,194.8
25,851.1
2,682.3
7.9
19.8
23.5
38.2
34.4
30.4
2,226.5
2,296.0
2,496.1
2,833.3
2,806.2
2,702.2
2,663.1
3,005.6
3,332.1
21,820.5
23,499.5
23,717.4
27,330.5
36.5
34.4
32.4
30.4
2,619.4
3,076.7
3,206.9
3,408.2
2,139.5
2,337.7
2,514.5
2,781.6
.2
52.9
29.3
21.6
15.9
11.6
11/
,547.4
45.5
34.0
24.9
18.4
13.4
11.6
ii/
Housing and Home Finance Agency
Office of
End of period
the
Administrator
127
Federal National
Mortgage Association 13/
Management and
liquidating
574.2
754.1
865.7
823.8
773.9
846.6
897.7
996.5
227.0
39.7
510.2
633.0
442.8
816.2
652.7
718.3
675.1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
59.3
123.2
816.0
805.9
864.2
951.6
867.5
1,416.8
1,228.2
1,265.2
6.9
59.4
132.3
1,298.3
26.8
54.1
115.6
202.9
292.8
129
190.0
1,118.8
696.3
1,009.5
1,087.4
186.9
216.0
260.1
316.3
573.5
677.1
716.6
781.1
117.7
142.9
173.2
207.7
81.7
81.2
80.6
80.0
589.5
Commerce
Dept.
1,412.7
1,644.2
1,831.2
2,013.8
2,164.0
2,285.6
2,413.2
2,585.8
2,773.6
2,973.5
92
106
105
95
3,075.9
2,980.9
2,620.8
2,348.9
1,778.1
3,298.4
535.4
538.7
596.3
648.1
700.5
681.3
757.6
832.1
841.8
1,543.0
1,742.1
1,919.7
2,096.0
2,225.8
2,348.0
2,488.2
2,687.6
2,874.4
260.7
276.5
265.4
226.3
8.9
11.0
13.2
15.8
18.0
14.7
118.8
107.4
105.9
86.8
1,525.4
2,498.6
1,962.1
3,943.8
879.6
905.8
899.9
935.1
2,634.1
2,732.1
2,820.1
2,919.4
266.6
248.7
232.5
218.9
17.5
18.4
19.1
14.6
33
44
55
68
91
Treasury Department
Interior
Dept.
555.8
564.7
593.5
645.4
753.9
769.6
810.6
866.5
902.7
962.6
11.0
22.7
89.1
87.1
86.8
86.5
85.6
84.5
83.4
82.3
81.1
79.9
87.2
87.1
86.7
85.9
84.9
83.8
82.6
81.5
80.3
Rural
Electrification
Administration
Commodity
Credit
Corporation
521.3
694.1
824.7
816.0
743.5
674.0
Farmers
Home
Administration
15/
Federal
Housing
207.4
298.2
370.2
433.3
2.2
34.9
85.1
154.8
245.5
346.6
17.2
28.3
39.5
50.8
60.5
78.2
106.8
156.8
231.8
112.7
164.0
257.1
328.6
412.8
463.8
640.4
745.6
27.7
88.8
Agriculture Department
Public
Housing
AdminisSpecial AdminisSecondary
tration
assist- tration
market
ance
945.9
802.9
656.8
652.7
379.6
6.8
Expansion of
uidation) defense
prod.
2/
Other
RFC
ExpanMaritime
sion of
active
defense
ties
prod.
(in liq-
Other
16/
12/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
Current quarters
1957-Sept. 30.
1958-Mar. 31.
Sept. 30.
1959-Mar. 31.
.1
32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
1,055
1,578
2,068
2,497
2,301
2,584
2,495
2,356.
2,218
2,030
20.1
23.2
32.5
37.4
43.9
9.1
233.4
1,248.1
1,393.6
1,573.8
.4
24.6
164.2
1,211.1
26.1
40.5
42.2
78.2
192.2
264.3
352.4
356.7
570.1
1,346.7
1,849.6
2,241.8
2,461.7
2,461.9
2,555.7
2,417.8
2,289.9
2,124.3
,635.8
,380.7
5.6
72.2
418.6
500.4
413.5
2,322.9
2,259.3
2,173.3
2,078.4
1,445.4
1,717.9
1,333.5
1,463.6
39.0
118.8
209.4
820.1
525.3
615.2
Footnotes on page 113.
56.6
18/
20.2
29.5
35.0
40.5
85.7
648.7
48.3
67.4
18/
320.7
464.1
623.7
634.9
252.2
99.5
90.1
94.2
91.3
89.1
369.3
609.3
922.4
544
113
922.7
354.0
389.7
1,162.6
2,367.9
2,137.4
2,319.0
1,994.3
1,600.0
2,480.3
897.8
782.3
1,426.4
151.2
170.9
185.4
180.2
181.7
169.4
3,780.1 29.4
3,779.6 31.2
3,742.3 41.1
3,695.9 35.1
3,651.1 40.1
3,601.0 28.6
3,555.2 31.8
3,509.5 35.1
3,522.5 39.8
3,470.5 146.8
27.7
36.2
146.8
162.6
185.8
178.6
177.5
176.3
3,779.6
3,779.6
3,697.0
3,651.6
3,604.2
3,552.9
3,507.1
3,557.5
3,469.9
179.9
182.6
181.2
173.5
3,557.3
3,525.2
3,520.5
3,469.4
32.4
41.3
33.6
67.5
L/
6/
2/
276.1
270.4
235.0
206.6
6/
67
2/
7.0
10.1
11.9
H.5
16.9
18.8
L4.6
202.1
116.6
70.4
5.1
209.1
143.2
89.4
3' ...
41.6
34.6
30.3
30.9
42.0
37.8
:
112
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Footnotes to Table
l/
Business-type activities reporting pursuant to Department Circular
2J
Activities reporting pursuant to Supplement No. 1 to Department Circular No. 966. These are mainly not business-type activities. Excluded from the June 30, 1959, 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.
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 checks may be drawn
to pay proper charges under these funds. The funds are considered as
assets of the agencies, but are not assets of the United States Government since funds must be provided out of cash balances of the Treasurer
of the United States and future receipts to take care of checks to be
issued against the balances.
Includes foreign currency assets, representing loans and other receivables recoverable in foreign currency as well as balances of
No.
3_/
ij
_5_/
1
foreign currencies In United States depositaries, aggregating
$3 84.1, 471 thousand in dollar equivalent. These currencies, acquired
without the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and
Assistance Act of 1954, as amended, and the Mutual Security Acts, as
amended. Dollar equivalents are computed for reporting purposes, to
provide a common denominator for the currencies of the many countries
Involved. The rates of exchange used in the conversion of foreign
currency units to United States dollar equivalent generally depend on
the ultimate utilization of these currencies.
Loans and other foreign
currency receivables that are dollar denominated in loan agreements
are valued at agreement rates of exchange.
Loans stated in units of
foreign currency and receivables in currencies that are available for
sale for dollars and certain other United States uses are converted
at market rates of exchange In effect on reporting dates, i. e., the
rates at which the Treasury sells such currency to Government agencies.
966.
»
Footnotes to Table 2
1/
2/
$j
See Table 1, footnote 4..
Guaranteed loans held by lending agencies, formerly included in this
item, are now included in footnote 3.
Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed and insured loans which were made by private financial institutions.
These
commitments are of a contingent nature and have been excluded from
their balance sheets. The major agencies that have these contingencies
and the amounts are as follows
Activity
(In thousands
of dollars)
International Cooperation Administration:
Foreign inve stment guaranty fund
Export- Import Bank of Washington:
Regular lending activities
Veterans' Administration:
Loan guaranty program
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund
Federal Housing Administration
Public Housing Administration:
Local housing authority bonds and notes (Commitments covered by annual contributions)
Local housing authority temporary notes (Guaranteed )
U
December 1959
113
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 4
7/
8/
9_/
10/
change Commission, Small Business Administration - grants for research and management counseling, Subversive Activities Control Board,
Tax Court of the United States, and United States Water Study Commission for Texas; and the Housing and Home Finance Agency - Office
of the Administrator other than revolving funds.
Consists of: Extension Service, Farmer Cooperative Service, Agricultural Conservation Program Service, Agricultural Marketing Service,
Foreign Agricultural Service, Commodity Exchange Authority, Soil bank
program, Commodity Stabilization Service, Federal Crop Insurance Corporation - operating and administrative expense funds, 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.
Represents civil activities exclusive of the Intragovernmental revolving fund.
There is Included in this figure the amount of 2,989,018 thousand
which represents the value of improvements provided by the Federal
-
Part B
u/
12/
Uj
(Continued)
Government for channels, harbors, local flood protection projects,
alteration of bridges, and other types of work. These items have
been excluded from the value of assets reported under the annual
report of real property owned by the Government furnished to General
Services Administration.
Consists of: Food and Drug Administration; Freedmen's Hospital;
Gallaudet College; Howard University; Office of Vocational Rehabilitation; Social Security Administration - Bureau of Public Assistance,
Children's Bureau, and Office of the Commissioner; and Office of the
Secretary.
Consists of Bureau of Land Management and Office of Territories.
Consists of Bureau of Accounts, Bureau of the Public Debt, Exchange
Stabilization Fund, foreign currencies acquired without dollars,
Office of the Treasurer, Bureau of Customs, Bureau of Narcotics,
and United States Secret Service.
Does not include the cash balance In the account of the Treasurer
of the United States.
Less than $500.
Footnotes to Table 6
Consists of trust revolving funds that are submitting statements
on a quarterly basis and certain trust revolving funds that are
submitting statements on a semiannual and an annual basis at the
present time.
7j
2/
4/
*
See Table 1, footnote A«
Includes unrealized purchase discounts amounting to $62,4.85
Represents transfers from States.
Less than $500.
Footnotes to Table 8
1/
2/
2/
4/
5_/
6/
2/
8/
2/
10/
11/
12/
Table 8 covers all Government loans outstanding.
It includes
foreign currency loans and those not included in Table 7 beginning 1956 which have been made by deposit and trust revolving funds.
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" through 1955
and under "Other" to aid home owners thereafter.
Figures representing loans made by the International Cooperation
Administration prior to 1952 are not available at this time.
Includes the loan to the United Kingdom and guaranteed loans held by
lending agencies.
Reports on maritime activities were not received by the United States
Treasury Department during the period from March 31, 1947, through
March 31, 1953- Reorganization Plan No. 21, effective May 24, 1950,
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date,
certain mortgage notes are classified as mortgage loans.
Established in the Department of State by Executive Order No. 10610,
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 409 of the Federal Civil Defense
Act of 1950 (50 App. U.S.C. 2261) and expansion of defense production
activities carried on pursuant to the Defense Production Act of 1950,
as amended (50 App. U.S.C. 2091-2094) , which had been transferred to
the Secretary of the Treasury as of September 28, 1953, and a» of the
close of business on September 28, 1953, respectively. Effective at
the close of business June 30, 1954, pursuant to Reorganization Plan
No. 2 of 1954, certain functions and related assets of the Corporation
were transferred to the Export- Import Bank of Washington, the Federal
National Mortgage Association, and the Small Business Administration.
On July 1, 1954, 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 June 29,
The Corporation was abolished effective at the close of
1954.
business June 30, 1957, by Reorganization Plan No. 1 of 1957, and
the remaining functions of the Corporation were transferred to the
Housing and Home Finance Administrator, Administrator of General
Services, Administrator of the Small Business Administration, and the
Secretary of the Treasury.
Totals include loans of Home Owners' Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December 31,
1950.
Beginning 1956 notes receivable which had previously been classified
as loans are classified as other assets and are not included in this
table.
Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for
13/
14/
15/
16/
17/
^8/
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation), and urban renewal loanB
authorized by the Housing Act of 1949, as amended (42 U.S.C. U52
(a)); beginning December 31, 1951, college housing loans authorized
by the Housing Act of 1950, as amended (12 U.S.C. 1749); beginning
December 31, 1954, loans held by the revolving fund established
pursuant to the act approved June 24, 1954 (68 Stat. 295) for liquidation of not only Alaska housing, community facilities service, and
prefabricated housing loans already included but also loans under
the Farm Security Administration program, the public war housing
program, 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 1954 approved August 2, 1954 (40 U.S.C. 462);
beginning December 31, 1956, public facility loans authorized by the
Housing Amendments of 1955 approved August 11, 1955 (1*2 U.S.C. 1491);
and from December 31, 1956, through September 30, 1957, community
disposal operations loans authorized by the Atomic Energy Community
Act of 1955 approved August 4, 1955 (42 U.S.C. 2301 note) and
Executive Order No. 10657 of February H, 1956.
The Federal National Mortgage Association Charter Act approved August
2, 1954 (12 U.S.C. 1716), authorized the Association to carry on three
functions consisting of management and liquidating functions, secondIts activiary market operations, and special assistance functions.
ties under theBe three functions began on November 1, 1954United
States
All figures in this column include the loans of the
Housing Act program. Also included are the homes conversion program
as of June 30, 1950, the Farm Security Administration and public war
housing programs from June 30, 1950, through June 30, 1954, and the
veterans' re-use housing program from June 30, 1953 through June 30,
1954 (see footnote 12).
Consists of the Farmers Home Administration loan programs, the disaster loans, etc., revolving fund, the farm tenant mortgage Insurance
fund, and the State rural rehabilitation funds beginning June 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.
Consists of the loan to the United Kingdom and other miscellaneous
loans, Federal civil defense loans beginning December 31, 1953, and
the loanB of the Reconstruction Finance Corporation liquidation fund
beginning September 30, 1957 (see footnote 9).
The major portion of the loans are held by the Inland Waterways Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund beginning June 30, 1957, and Indian loans; Department of the Army guaranteed loans (World War II) through March 31, 1958; the development loan fund beginning June 30, 1958; Office of Education - loans
to educational institutions as of June 30, 1959; and agencies reporting
loans pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C. 2091), which consist of the Departments of the Array
beginning June 30, 1951, Navy beginning December 31, 1951, and Air
Force beginning June 30, 1956.
Beginning 1956 mortgage notes and sales contracts which had previously
been classified as loans are classified as other assets and are not
included in this table.
Less than $50,000.
1
:
:
Treasury Bulletin
11*
.CUMULATIVE TABLE OF CONTENTS.
January through December 1050
Issue and page number
1959
Jan.
Feb.
Tfar.
A-l
A-l
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
1
1
8
8
9
10
9
10
9
10
Apr.
May
June
July
Aug
Sept.
Reporting baaea
Artlclea:
Treasury financing operations
Summary of Federal fiscal operations
A-l
A-l
8
8
9
10
9
10
Budget receipts and expenditures:
Receipts by principal sources
Expenditures by agencies
Summary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditurea
Net investment by Government agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date September 30, 1959)
8
8
9
9
10
10
11
11
10
11
11
12
8
8
8
8
9
9
10
10
8
8
9
10
11
12
11
11
12
12
°u
14
1?
13
14
14
14
15
13
13
14
15
15
15
16
16
13
13
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Summary 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 account
Int ragove rnmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account...
13
17
17
13
13
13
13
14
18
14
14
18
u
18
19
19
14
14
15
15
15
18
19
16
16
22
23
18
19
18
19
22
24
24
25
20
20
21
20
20
25
26
27
21
22
21
23
28
29
13
15
15
16
18
18
13
13
13
13
18
18
19
H
u
19
19
14
14
19
20
20
15
15
11
15
20
20
16
16
18
19
18
23
19
24
20
20
21
20
20
21
25
25
26
21
21
22
23
22
26
27
28
17
13
13
17
13
13
14
15
15
14
15
15
16
16
18
19
18
19
24
24
24
21
20
20
20
20
21
25
25
26
21
22
21
22
26
22
25
26
23
27
23
23
27
28
24
24
2?
24
24
29
24
24
25
25
29
31
25
27
25
27
30
27
29
32
25
27
27
29
34
2^
31
31
36
31
31
36
34
35
40
35
35
40
36
37
42
37
37
43
15
19
Account of the Treasurer of the United States
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
13
19
23
23
Debt outstanding
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
inte re s t-bea ring public debt
Special issues to U. S. Government investment accounts
Treasury holdings of securities issued by Government agencies
20
20
21
21
22
23
Statutory debt limitation
21
21
23
Public debt operations:
Maturity schedule of interest^bearing public marketable securities.
Maturity eohedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through Treasury bills
•••••»•••••••••
New money f inanoing through regular weekly Treasury bills
beads,
Offerings of marketable issues of Treasury
netee, and
certificates of indebtedness
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for marketable
issues of Treasury bonds, notee, and certificates of Indebtedness.
Allotments by Investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of indebtedness
Disposition of matured public marketable securities other than
regular weekly Treasury bills
25
31
33
31
34
36
35
38
40
11
34
3o
(Continued on following page)
31
34
25
30
32
33
34
35
38
36
December /9?9
115
.CUMULATIVE TABLE OF CONTENTS.
January through December 1050
-
(Continued)
Ibsus and page number
1959
Feb.
Mar.
Apr.
May
July
Aug.
46
46
47
49
50
Sept.
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds.....
Sales and redemptions by denominations, Series E and H combined
Sales by States, Series E and H combined
,
39
39
40
42
A>
43
u
Lf.
39
39
40
4?
4^
40
40
41
41
44
46
41
43
42
4_
43
47
48
47
47
47
48
50
41
41
42
44
51
51
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
48
u
45
52
45
48
49
LL
45
45
46
52
53
45
46
50
46
47
54
47
43
49
43
44
49
50
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership In Federal
Reserve System (latest date June 30, 1959)
45
51
Market quotations:
End-of-month closing quotations on Treasury securities by issues....
Chart - Yields of Treasury securities
49
55
54
51
57
56
52
53
53
59
54
60
61
43
45
A3
45
49
52
47
54
51
50
52
51
58
55
53
60
57
57
58
53
54
54
55
61
62
58
59
59
60
55
56
56
57
63
64
60
61
62
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
Internal revenue collections
Summary by principal sources
Chart - Internal revenue collections by principal sources
Detail of excise tax collections
55
58
59
60
57
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
September 30, 1959)
56
62
62
57
57
58
59
63
63
63
63
6i
65
64
65
Exchange Stabilization Fund (lateat date June 30, 1959)
Balance sheet
Inoome and expense
61
62
62
63
64
59
60
60
61
62
58
59
59
60
61
65
66
66
67
68
65
64
68
66
67
65
69
66
70
64
65
65
66
67
National bank reports:
Earnings, expenses, and dividends for calendar years 1954-58
Capital movements between the United States and foreign oountrieBi
Summary by periods sinoe 1935
Summary by oountriee and perl ode
Short-term banking liabilities to foreigners , latest month
Short-term banking claims on foreigners, lateat month
Purchases and sales of long-term securities by foreigners,
lateat month
Short-term liabilities and claims reported by nonflnancial concerns.
Long-term liabilities and claims reported by banks and bankers......
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
calendar year 1958
Corporations and certain other business-type ectivltles:
Statements of financial condition (latest date June 30, 1959)
Income and expense (latest date December 31, 1958)
Sources and application of funds (latest date December 31, 1958)....
63
67
68
68
71
75
76
69
77
60
63
66
67
69
74
70
74
75
75
76
73
64
67
62
71
72
69
70
65
71
70
71
74
78
79
68
71
75
76
77
72
°76
74
77
78
79
75
71
'78
79
80
77
81
72
92
73
79
98
GP0
86
5 8 39
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
@FedFRASER