Full text of Treasury Bulletin : December 1961
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LJBRARY
^Om 5030
JUf\l
?,
3 1972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25. DC.
OFFICIAL BUSINESS
--cr'^Tiw
WEA^UMY.
MUILILEWN
DECEMBER -ISBI
UNITED STATES TRERSURV DEPORTMENT
OFFICE DF THE SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $7.00 domestic, 18.75 foreign
Single copy price varies
1
December 1961
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations. ...............
i
Budget receipts and expenditures
.*!!!!.'!.'.*
2
Trust account and other transactions
.'/.
9
Ca sh income and outgo
]_/
Account of the Treasurer of the United States!!!!!!] 20
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
4.9
Ownership of Federal securities
53
Treasury survey of ownership of Federal securities.. 55
Market quotations on Treasury securities
59
Average yields of long-term bonds
62
Internal revenue collections
64
Monetary statistics
68
International financial statistics
72
Capital movements
73
Corporations and certain other business-type
activities - statements of financial condition
85
Cumulative table of contents
125
!
!
!
NOTICE
In addition to the groups of tables updated in the November Bulletin,
the following series, beginning with this issue, will show data for the
month preceding the month of issue of the Treasury Bulletin.
Statutory debt limitation, tables 1 and 2
Public debt operations, table 1
United States savings bonds, tables 1-4
Ownership of Federal securities, table 2
Internal revenue collections are included for both September and
October.
Trcasurif Bulletin
II
Reporting Bases
Data on reoelpte, •xpendlturee, and debt which
Included on an accrual basis beginning with figures
appear In the "Treasury Bulletin" are based largely
on two Treasury financial reports, the "Dally State-
for June 1955 ind the fiscal year 1955. Prior to
that, it was included on a due and payable basis.
ment of the United States Treasury" and the 'Monthly
The same reporting basis as that In the monthly
Statement of Receipts and Expenditures of the United
statement provides the fiscal year figures for the
Certain monetary statistics are
Treasury 's "Combined Statement of Receipts, Expend-
States Oovernment."
based at least In part on the "Circulation Statement
itures and Balances of the United States Oovernment'
Where these statements are
and for aotual receipts and expenditures in ths
of United States Money."
given as sources for individual tables,
they are
Their respective reporting
cited by name only.
For other data In the
bases are described below.
Bulletin,
Information on sources or reporting bases
"Budget of the United States Oovernment."
Beginning with the final statement for the
the monthly statement reports
totals for net budget receipts and budget expend-
fiscal year i960,
IB given In connection with the tables themselves.
itures after deduction of certain Interfund transac-
The monthly statement of receipts and expendi-
tions which are included in the detail of both budget
placed the dally statement as the primary source of
The transactions
deducted consist of Interest payments and minor
Information on budget results and other receipt and
annunts of certain other payments made by Oovernment
tures was first published for February IJS**. and re-
expenditure data classified by type of account.
the same time,
At
the dally statement was changed to a
receipts and budget expenditures.
agencies to the Treasury.
This reporting change
was made in accordance with the plan stated in the
statement of cash deposits and withdrawals affecting
President's Budget Message of January 18, i960.
the account of the Treasurer of the United States.
does not affect the surplus or deficit.
Both publications have provided comparative figures
earlier periods shown in the Treasury Bulletin were
on their respective bases from the beginning of the
revised to the new reporting basis in the September
i960 issue. The interfund transactions deducted
under this procedure do not include payments to the
The announcement of February 17,
with respect to these reporting changes may be
fiscal year 1953195'+.
found In the April
1')^^
Issue of the Bulletin.
The monthly statement shows all receipts and
expenditures of the Oovernment, Including those made
from cash accounts held outside the United States
Treasury.
The information Is compiled from reports
by the Treasurer of the United States and by all
other collecting and disbursing agencies. Including
those agencies which maintain checking accounts In
commercial banks.
These reoorts cover trEmsactlons
recorded In the accounts of the agencies during the
reporting period.
The net of the transactions as
It
Figures for
Treasury by wholly owned Oovernment corporations
for retirement of their capital stock and for disposition of earnings. These capital transfers have
been excluded currently from budget receipts and
budget expenditures beginning July 1, \')^i, and
figures for prior fiscal years back through 1932
were revised accordingly at that time.
The dcdly statement on the new basis was first
Issued for February 17, 195'*-
I" ^^6 deposits and
withdrawals as shown, no distinction is made as to
the type of accounts (budget, trust, eto.
).
The da-
complied from these reports Is reconciled In the
posits are on the basis of certificates of deposit
monthly statement to changes In the balance In the
Treasurer's account and In cash held outside the
Treasurer's account and changes In the public debt
United States.
outstanding.
Treasurer's account.
cleared through the account of the Treasurer of the
Total withdrawals are on the basis
of checks paid or cash dlstursements made out of the
Some of the withdrawal classi-
fications shown are reported on the basis at mailed
Receipts of taxes and customs duties are re-
reports of checks Issued and are adjusted by means
ported on a collections basis. Other receipts are
reported partially on a collections basis and parExpenditures, except
tially on a deposits basis.
Except for relatively minor amounts, noncash inter-
of clearing accounts to the total of checks paid.
are reported on the
fund and other intragovernmental transactions are
excluded. The public debt figures in the dally
basis of checks Issued or cash payments made by
disbursing officers. Transactions of an Interfund
exception of thoss Issuance and retirement transac-
interest on the public debt,
statement also are on a "clearance" basis, with the
or Intragovernmental nature are Included on the
tions reported on the basie of telegrams from Federal
same basis even though the actual Issuance of checks
Reserve Banks. Noncash debt transactions are included, however.
may not be Involved.
Interest on the public debt Is
December
1961
III
Reporting Bases
The dally etatement before February 17, I954,
coTered not only transactions cleared through the
Treasurer 'b account but also certain Oovernment
agency tranaactlone which were handled through
-
(Continued)
made through the facilities of the Treasury Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally
It
those of the Department of Defense and Its predecessor organizations, were on the basis of checks
paid.
Transactions handled through commercial bank
provided Infornatlon similar to that In the present
dally statement with respect to the statue of the
accounts, consisting of market transactions In public
debt and guaranteed securities, were as reported by
Traasurer'e account, and similar to that In the
present end-of-month dally statement with respect
the agencies.
Interest on the public debt was Included on a due and payable basis beginning with
November 19'*9 and on a checks-paid basis prior to
commercial bank accounts, and Included noncash inter-
fund and other Intragovernmental transactions.
to debt Issuance, retirement,
and amount outstanding.
Receipts and expenditures, however, were classified
by type of account, and the budget results shown In
the dally statement were used as the basis for re-
flecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis of deposits as they
cleared the Treasurer's account.
Expenditures
cleared through the Treasurer's account were reported
on two successive bases.
Through
19'*'6
they were
on the basis of checks paid by the Treasurer of the
United States.
Note:
that time.
The circulation statement reflects transactions through the Treasurer's account which affect
monetary stocks of gold and silver and the amounts
of coin and currency in the money supply of the
country.
It is issued later than the dally state-
ment, however,
and the figures are based on transactions consummated during the reporting period
even through some may not have cleared the Treasurer's account during that period.
Beginning with 13^1, expenditures
Where calculations have been made from unroanded figures, the details may not cheek to the totals shown.
)
...
..
December 1961
A-l
Treasury Financing Operations
Results of Exchange of F ana G Savings Bonds for
Marketable Bonds
On a prell.Tilnary basis as of December
6,
I961,
charged or credited for differences between the
offering price of the new bones and the exchange
values of the F and G bonds.
$316 million of the I97O rallllon outstanding F and
The bonds of I96S were Issued In bearer form
G savings bonds maturing In 1962 were reported as
exchanged for the 3-7/S percent Treasury bonds of
156s.
As noted In the Treasury Bulletin for Nov-
ember, the new bonds are additional to the |2,137
million outstanding of this Issue, which Is dated
June 23, i960. Exchanges of the F and G bonds were
made on the basis of equal face amounts and were
allotted in full.
The exchange values of the savings bonds were
higher than their current redemption values and were
fixed to provide an Investment yield of approx-
imately
1
percent per annum more than otherwise
would accrue from December I5, I96I, to the maturity
The exchange will prodates of the savings bonds.
vide an Investment yield of approximately 3.96 Percent per annum from the respective maturity dates
of the F and G bonds to Kay 15,
19^8,
the maturity
date of the 3-7/S percent Treasury bonds of I96S.
All subscribers were charged accrued interest
on the Treasury bonds of 1963 from November I5 to
December 15, 1961 ($0.32 per flOO) and also were
F bonds
maturing
in 1962 on
the first
day of -
January.
February.
March. ...
April.
.
.
May
June
July
August .
September
October.
November
December
.
Exchange
values
of F bonds
per $100
(face amount)
$99.88
99.64
99.40
99.16
98.92
98.64
98.40
98.16
97.92
97.68
97.4A
97.20
Credit, or
charge (-),
for differences
between $99.50
(offering price
per $100 of new
bonds) and
exchange values
of F bonds
$0.38
O.U
-0.10
-0.34
-0.58
-0.86
-1.10
-1.34
-1.58
-1.82
-2.06
-2.30
or^fr^
addition for each $100,>r multiple
V t^-; F bo^ds submitted and the ace^mount of
f
2/
with Interest coupons attached, and bonds registered
as to
even multiple of S500 maturity value could exchange
them for the next higher multiple of 85OO upon payment In cash of the difference.
Any qualified depositary was permitted to make
payment by credit In its Treasury tax and loan account for any cash payments authorized or required
to be made for bonds allotted to It for itself and
its customers up to any amount for which It was
qualified In excess of existing deposits.
Exchange values of Series F bonds, the differences between those values and the offering price
of the 3-7/S percent bonds, the interest which will
accrue on the new bonds,
and total amounts paid to or
collected from holders of Series F bonds per SlOO
(face amount) are as follows:
Total amounts
paid to, or
collected
from (-),
subscribers
per $100
(face amount
of F bonds
accepted 1/
Interest
charged on
new bonds
per $100
(face amount)
of F bonds
Interest
accruing
per $100
on new bonds
from Nov. 15,
1961 to
maturity
dates of F bonds
Iji 1962 2/
$0.06
-0.18
-0.42
-0.66
-0.90
-1.18
-1.42
-1.66
-1.90
-$0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-0.32
-2.W
-2.38
-2.62
bonds subscr.be
fJlflroT;:rtooTir.l IZfJllli^lTlllte.
to December 15, 1961.
In denominations of
principal and Interest,
$500,51,000,55,000, UO, 000, 1100,000, and Jl, 000, 000.
Holders of F' and G bonds aggregating less than an
$0.50
0.83
1.13
1.47
1.79
2.12
2.43
2.76
3.09
3.40
3.73
4.05
^ ^ri^h-Tuit^^le
- n-^-|-—
-^:
Lterest from November
15, 1961,
A-2
Trcasuni Bulletin
Treasury Financing Operations
-
(Continued)
Exchange values of Series J bonds, the differences between those values and the offering' price
of the 3-7/S percent bonds, the accrued interest
of the new 26-week bills were for iO.i billion each,
credited on the G bonds, the interest which will
dated November 2K^ which are for ISl days, the new
bill Issues carry 51-day and 183-day maturities.
eiccrue on the new bonds,
G bonds
maturing
in 1%2
on the
first day
of -
hna the total xnounts paid
and one on Movejiber 9 wcs for J3. 5 billion.
With the exception of the new ?6-week bills
.
.
December 1961
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
1/
Fiscal years:
1948 i/
1949 i/
1950
,375
Expenditures
Surplus,
or
deficit
Net of
trust
account
end other
trans-
(-)
actions
public
debt , or
decrease
2/
(-)
,562
,550
,915
,763
578
32,955
39,474
39,544
43,970
65,303
74,120
57,537
64,389
55,224
58,966
71,359
80,342
75,539
81,503
8,419
-1,811
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,625
1,595
-2,819
-12,427
1,224
-3,925
82,100
88,985
40,800
Levels, end of period
Net
Clearing
account,
y
etc.
-294
-495
99
679
-507
147
435
328
231
-401
-250
-303
284
-194
195
633
-329
522
-523
530
-5
-50
-559
-U5
-6,885
15
35,559
41,056
37,557
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
5,241
-3,592
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
4,867
7,237
9,580
6,157
increase
In
Net
Increase In
Treasurer's
account
balance, or
decreaae (-)
Debt outstanding
Treasurer'
account
balance
Public
debt
Guaranteed
securities
533
-5,994
478
4,587
-2,135
3,883
5,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
1,524
-1,462
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
4,932
3,470
5,517
7,357
5,959
4,570
5,755
6,216
6,545
5,590
9,749
5,350
8,005
6,694
252,292
252,770
257,357
255,222
259,105
256,071
271,260
274,374
272,751
270,527
276,343
284,705
286,331
288,971
-53
5,229
-594
6,000
295,200
-229
-502
311
815
-41
101
739
-259
257
1,092
-591
23
-698
199
234
87
-106
-319
-209
-34
376
-21
224
109
-237
154
-4,100
4,331
-423
2,711
7,973
7,777
1,111
471
-447
62
1,770
-1,488
603
-635
-117
179
355
522
828
4,208
4,679
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,951
5,583
6,411
252,800
257,130
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
-379
552
-442
660
-122
4,852
5,311
5,189
291,085
290,583
285,826
130
919
287
-501
-3,757
-722
-805
5,423
-1,290
1,095
3,157
5,064
6,550
10,891
5,032
5,073
6,521
-968
476
4,370
-137
577
-420
249
-416
-421
1,951
579
-3,035
1,105
1,217
494
5,294
7,511
8,005
288,787
289,367
285,331
132
133
July
Aug
Sept
3,128
5,454
8,981
6,172
6,803
6,793
-3,044
-349
2,188
-95
125
-521
607
2,008
-567
-124
334
-249
-1,006
-1,104
2,423
5,998
5,894
8,317
Oct
Nov
Deo
2,823
6,300
7,643
6,829
6,773
6,847
-4,005
-473
217
7%
80
368
-221
-563
202
2,063
-73
-197
-1,645
-841
580
1951-Jan
Feb
4,846
5,537
8,524
6,470
5,235
7,012
-1,524
301
1,512
-185
712
-629
408
-58
692
-181
508
-3,072
5,125
5,450
7,169
7,948
-1,325
-702
2,801
24
49
29
25
10,749
-377
-123
516
2,158
-1,175
2,982
5,357
8,945
6,322
7,531
5,771
-3,340
-1,265
2,174
-56
-120
Sept
44
-129
-498
582
Oct
Nov
3,U1
7,796
7,485
-4,655
-1,060
-154
317
UO
6,424
-543
,663
,422
19n
480
287
671
1952
1953
1954
1955
1956
1957
1958
1959
,420
,209
,850
1%0
1961 p
1952 (Est.)..
Calendar years
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
37,454
37,235
52,877
64,705
63,654
,
60,938
63,119
70,615
71,749
58,262
72,738
79,518
356
483
-2U
73
27
20
29
45
52
81
44
74
107
101
111
140
240
Total
Federal
securities
252,366
252,798
257,377
255,251
259,151
256,123
271,341
274,418
272,825
270,634
276,444
284,817
285,471
289,211
Subject to
limitation
i/
251,542
252,028
256,552
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
n.a.
252,854
257,160
256,731
259,451
257,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
252,057
256,413
256,026
258,794
266,821
274,671
278,255
280,348
275,276
274,564
282,607
290,513
289,971
291,215
290,719
286,965
290,804
290,309
285,556
UO
288,919
289,500
285,471
288,511
289,093
286,065
288,338
288,672
288,423
134
157
151
288,472
288,829
288,584
288,058
288,425
288,181
6,572
5,831
6,411
290,487
290,217
159
153
156
290,546
290,567
290,373
290,244
290,155
289,971
-1,582
1,463
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,1%
289,796
290,740
287,582
290,340'
287,284
-751
1,128
1,532
4,034
5,152
5,594
287,987
219
225
240
288,206
290,371
289,211
287,809
289,975
288,862
3,433
1,310
-101
-572
2,936
5,593
6,020
8,956
292,404
35
239
249
271
292,643
293,964
294,020
292,199
293,521
293,579
1,911
1,350
,759
6,197
5,251
295,660
297,011
299
295,959
297,325
2%, 886
3,582
2,019
-4,U1
-1,730
8,025
7,875
-581
55
30
24
42
54
76
34
53
103
104
109
127
156
Itonths :
1%0-Jan
Feb
Mar
Apr
May
June
.
.
.
Mar
Apr
May
June p.
July
Aug
6,467
6,U2
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 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 the
1962 Budget Review, released October 29, 1961, Including effects of
proposed legislation. More detail for data on this page will be found
in succeeding tables.
1/ Fiscal year figures beginning with the September 1960 issue of tha
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfund transactions frcm both net budget
receipts and budget expenditures (seepages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change doea not affect the budget surplus or
deficit.
2/ E}tcess of receipts, or expenditures (-). For detail, see pages 9 - 13.
i/ For checks outstanding and telegraphic reports from Federal Reserve
Benks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (nreviousl^ Included from November 1949 aa
450
53
^
^
p
a.
290,4U
290, U6
288,971
293, 7U
293,750
135
138
315
295,520
interest checks and coupons outatandlng); also deposits In transit and
changes in cash held outside the Treasury and in certain other accounts
beginning with the fiscal year 1954. Net increase, or decrease (-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by thla table and the date when each
became effective are as follows: te75 billion, on June 26, 1946, $281
billion, on August 28, 1954; $278 billion, on July 1, 1956; 1275
billion, on July 1, 1957; *280 billion, on February 26, 1958; »288
billion, on September 2, 1958; 1290 billion, on June 30, 1959; 1295
billion, on July 1, 1959; and »293 billion, on July 1, 1960. From
July 1, 1961, through June 30, 1962, the Halt la te98 billion. Thereafter It will revert to fe85 billion.
Transactions of the Foreign Econooic Cooperation Trust Fund, established under Section 114 (f ) of the Economic Cooperation Act of
1948 (52 Stat. 150), are consolidated with budget expenditures.
Preliminary,
Not avBilable.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
1
...
.
.,
December 196
.BUDGET RECEIPTS AND ESCPENDirDRES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Dividends
and other
earnings
Fiscal year
or month
Realization upon
loans and
investments
Recoveries and
refunds
Sale of
Government
property
Sale of
products
Fees and
other
charges
for
services
Seigniorage
Fees for
permits
and
licenses
73
45
29
23
49
47
59
44
53
54
208
225
194
150
151
133
53
55
57
78
111
96
AdjustFines,
ment to
Royal- penalties, Other monthly
ties
and forstatefeitures
ment
etc.
1954...
1955...
1956...
1957...
1958..
1959...
1960.
1961
.
p.
2,311
2,559
3,006
2,749
3,196
3,158
458
408
554
628
745
601
361
252
291
506
240
274
296
328
328
587
,064
,001
967
935
1,111
805
73
37
)
3,450
1961- Jan...
Feb...
Mar.
286
236
199
Apr
May.
June p
July.
1962 (Est.
.
.
.
.
Aug
Sept
.
Oct...
1962 to date.
438
674
323
410
471
266
221
363
480
387
322
343
345
325
436
1,007
114
179
289
374
376
392
221
253
313
312
304
350
212
194
28
86
93
325
90
59
65
69
79
90
93
13
15
96
69
15
13
57
55
53
51
41
3
35
12
9
22
21
12
25
25
41
24
662
292
540
56
61
61
517
102
-10
9
10
45
14
11
311
23
29
51
6
15
38
260
242
249
70
51
7
63
60
63
58
33
93
10
12
19
4
8
11
6
20
26
55
5
21
3
-17
9
58
37
244
222
198
949
135
27
55
20
23
23
-3
3
20
6
5
11
7
8
11
7
10
10
23
32
26
83
Actual figures are from reports to the Treasury Department by
disbursing officers and administrative agencies, on the monthly statement reporting basis (see page II); estimates are from the 1962
Budget Review, released October 29, 1961, including effects of
proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U. S. ports), bullion charges, and gifts and contribu-
rV'juroe:
1/
49
49
2/
83
*
p
a
17
31
23
Difference between the total shown in the monthly statement of receipts
and expenditures of the Government (based on preliminary reports) and
that from final accounts of disbursing officers,
Less then $500,000.
Preliminary,
Not available.
2/
.
tions.
Footnotes to Table
6/
2/
8/
V
IC/
In the 1962 Budget docxment, Special Analysis G, taxes not otherwise
classified are included in miscellaneous receipts.
Figures shown include(see footnote 8) decreases in income tax withheld of $&; million in January, $8 million in April, $170 million
in June, and increase of $109 million in October, and decreases
in income tax not withheld of $7 million in January, $3 million
in April, $6 million in June, and $2 million in October; increases
In transfers to Federal Old-Age and Survivors Insurance Trust Fund
of $86 million in January, $8 million in April, $162 million in
June, and decrease of $105 million in October, and increases to
Federal Disability Insurance Trust Fund of $4 million in January,
$3 million in April, $15 million in June, and decrease of $2 million
in October.
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. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insiirance tax receipts made by the Secretary of the Treasury (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 (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
Fund,
percentages appropriated to the Federal Disability Insurance Trust
beginning
the increase being applicable to wages paid and taxable years
after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
deposited
the amount of taxes under the Railroad Retirement Tax Act
Stat. 222
in the Treasury, less refunds, during each fiscal year (65
for 1954
Figures
currently.
transfers
are
made
and 66 Stat. 371) and
1
-
(Continued)
exclude the Government's contribution for creditable military service
(45 U.S.C. 228C-1 (n)).
11/ The Employment Security Act of I960, approved September 13, I960 (74
Stat. 970) established In the Unemployment Trust Fund an administration
account, and appropriated for credit to that account, beginning with
the fiscal year 1961, amounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred currently on the basis of estimates by the Secretary
From that
of the Treasury, with later adjustments as necessary.
account are to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures. Refunds of
taxes are to be reimbursed from the administration account,
12/ The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C. 120,
Note) 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 to
The use tax was imposed by the act
be made in subsequent transfers.
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 Ir budget
expenditures.
1?/ Interest on refunds is included in expenditures in Table 3.
L^ For content, see Table 4, These transactions are included in the detail
of both budget receipts and budget expenditures, but are deducted from
the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of --iTlnln Ir.terfund transactions (see footnote 14).
million to correct those made earlier on
16/ Transf'-*
.fDtnote 8)«
basis
*•
Preliminary.
p
Less tiu;;. ,-_.,,.....
X^
..
..
.
.
Treasury Bulletin
-BinXJET RilCEIPTS AND EXPENDITUEES.
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Legislative
Branch
Judiciary
28
30
37
39
44
59
65
195-;
1955
1956
1957
1958
Funds
appropriated
to the
President
,
.
.
.
June p.
.
May
.
October.
November.
Military
1,000
1,077
1,293
562 J/
645
40,336
35,532
35,791
38,439
39,062
605
548
573
639
733
382
807
902
971
Civil
functions
-23
199
4,109
1,764 i/
1,795
9,315
9,006 i/
10,278
359
408
387
1,152
309
498
7,091
5,419
5,954
539
498
41,233
42,824
44,651
2,014
11,055
485
920
7,255
636
48,350
9
10
175
155
485
157
240
-25
49
172
29
30
41
48
10
807
862
921
3,497
3,550
4,043
73
65
65
8
12
166
155
28
30
67
33
130
900
899
908
39
31
16
10
121
153
157
836
1,105
863
13
IM
963
946
11
47
49
56
56
70
52
12
.
Commerce
Department
2,915
4,636
5,177
5,006
4,875
U
July
August
September
Defense Department
Agriculture
Department
-615
129
118
126
13A
.
Housing
and Hoae
Finance
Agency
806
973
523
570
425
9
9
10
10
1962 (Est. )...
Apri 1
Genera 1
Services
Administration
6,473 1/
6,791
6,982
7,707 2/
8,305
97
99
1961-January.
February.
March.
Independent
offices
5,282
4,381
4,473
4,115
4,081
85
1959
1960
1961 p
Executive
Office
of the
President
U
161
39
24
62
43
24
40
43
36
32
1962 to date..
35
431
601
780
46
30
3,526
3,891
4,342
74
117
107
64
U
520
763
482
66
43
43
3,205
3,808
3,647
64
98
92
128
118
989
539
61
46
3,837
4,035
99
93
431
3,293
54
18,532
Treasury Department
Fiscal year
or month
1,981
1,993
2,071
2,295
2,645
1954
1955
1956
1957
1958
1959
1960
1%1
Health,
Education,
and
Welfare
Department
p
1962 (Est.
1961- January.
February
March
April.
May...
June p
Interior
Department
535
515
512
572
Justice
Department
183
182
Labor
Department
^
State
Department
of
On
public
debt b/
On
ColuBbia
refunds
of taxes
2/
356
463
518
674
6,382
6,370
6,787
7,24^
7,607
83
62
774
525
929
272
247
253
7,593
9,180
3,962
69
76
83
2,173 12/
1,154
312
666
229
394
412
418
567
3,092
3,403
3,685
751
690
801
250
258
284
1,016
549
831
4,471
869
295
562
8U
330
3,900
83
338
326
60
23
22
29
58
54
96
23
49
69
82
21
775
719
726
6
10
722
8
717
763
5
315
65
69
308
306
338
60
67
55
216
2U
U/
3
23
24
23
-lU
138
140
82
15
15
333
135
21
50
78
7
30
25
July.
325
418
313
66
106
92
23
25
29
53
October.
November
361
88
74
339
74
22
22
1,755
427
121
57
74
4
7
13
22
22
26
25
31
875
28
987 12/
50
74
74
93
78
63
79
10
1
2
8
74
20
91
77
3
20
125
39
18
713
740
330
262
183
3,675
9
9
225
590
Interfund
transactions
Total
budget
expenditures
39
67,537
64,389
66,224
68,966
71,369
67,772
64,570
66,540
69,433 2/ i/
71,936
235
181
80,697
77,233
82,152 12/
355
694
549
80,342
76,539
81,503 12/
89,633 iJ/
543
88,985
6,524
6,272
7,013
55
36
1
6,470
6,236
7,012
6,451
7,175
8,188
1
6
6,450
7,169
7,948
5,381
7,581
6,774
315
467
557
240
59
49
3
35,126
ly
5,322
7,531
6,771
7,7%
7,805
7,485
123
35
Total by
agencies
2/
9
29
46
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the 1962 Budget RevieWj released October 29,
1961, including effects of proposed legislation.
Note:
Figures in this table are for agencies as constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 6, Agency shifts are
reflected in this table as follows; Beginning 1955, Federal Horae
Loan Bank Board from "Housing and Home Finance Agency" to "Independent
offices," and Reconstruction Finance Corporation as indicated in
footnote 1; beginning 1957, Alaska Road Construction from "Interior
Department" to "Commerce Department," and Federal intermediate credit
banks and production credit corporations as indicated in footnote 2;
beginning 1958, Federal Facilities Corporation (remaining functions)
from "Treasury Department" to "General Services Administration," and
Informational Media Guaranty Fund from "Funds appropriated to the
President" to "Independent offices"; beginning 1959, Federal Civil
Defense Administration from "Independent offices" to "Executive
Office of the President," and the former Civil Aeronautics
Administration and the Civil Aeronautics Board from "Commerce
Department" to "Independent offices"; beginning 1960, military
assistance from "Funds appropriated to the President" to "Defense
54
873
368 1/
879
748
765
765
730
727
93
87
Less:
District
Interest
156
136
142
179
206
355
August
September
1962 to date..
Post
Office
Department
7,485
121
36,005
Department, military," pursuant to budgeting instructions In the
Mutual Security Act of 1959, approved July 24, 1959 (22 U.S.C. 1813).
Reconstruction Finance Corporation is included under "Independent offices" through 1954, and under "Treasury Department" beginning 1955,
except functions transferred to Export-Import Bank, Federal National
Mortgage Association, General Services Administration, and Stiiall Business Administration. The corporation was abolished at the close of
June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remaining
functions were transferred to the Housing and Home Finance Administrator, Administrator of General Services, Administrator of 3aall Business
Administration, and Secretary of the Treasury.
2/ Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds (see "Trust Account and Other
Transactions," Table 3)i previously the operations of the banks and the
corporations, respectively, were classified as public enterprise funds
and were included net in budget expenditures.
J/ Beginning 1957, Federal aid for highways is excluded froo budget expenditures and included in trust account expenditures (see Table 1).
Remaining footnotes on following page.
1/
" ..
.
-
..
'
December 1961
BUDGET RECEIPTS AND KXFEHDITURES
.
Table 4.- Interfund Transact lone Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury 1/
Fiscal
year or
month
Total
interest
Connnod-
ity
Credit
Corp.
Export
Import
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
Panama
Canal
Company
Small
Business
Admin.
Tennessee
Valley
Authority
Veterans
Administration
i/
Under
Defense
Production
Act i/
2/
195^
1955...
1956...
1957.
1958...
235
181
315
467
567
228
173
297
456
557
340
421
1959...
1960.
1961 p.
355
342
682
181
465
638
410
. .
.
.
.
69A
549
.
l'J62
(Est.).
1961-January.
February.
March.
.
.
April
May
June p
648
634
55
36
55
1
1
1
July
August
September.
.
October
November.
.
1962 to date
.
33
91
60
28
26
175
25
24
31
41
46
43
82
51
48
7
11
1/
Federal
inter-
mediate
credit
banks'
franchise
tax 8/
Oharjes
tor
audits
of
various
agencies
6
4
6
15
1
8
47
17
6
1
10
20
24
45
11
3
14
30
39
9
7
42
90
118
9
7
15
19
23
32
14
43
7
Reimbursement by
Panama
Other
Canal
6/
Company
35
6
7
17
10
9
12
11
10
13
52
13
1
6
3
240
240
59
49
59
49
3
3
121
117
56
14
71
Source:
See Table 2.
1/ By Government agencies operated as revolving funds; on loans {see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans through 1955, and
public facility loans beginning 1957; Federal National Mortgage Association; Public Housing Administration; and Federal Housing Administration in 1954.
Direct loan program.
By various agencies for programs under the Defense Production Act.
6/ Consists of payments by: Reconstruction Finance Corporation through
19
14
2/
8/
1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands
Corporation; Bureau of Federal Credit Unions beginning 1954; Civil
Defense Program Fund beginning 1954; Farm Tenant Mortgage Insurance
Fund (Farmers' Hame Administration) beginning 1956; Informational
Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning 1960; and St. Lawrence Seaway Development Corporation
beginning 1960.
For net cost of Canal Zone Government, less tolls on Government vessels,
and for part of treaty payment for use of Canal Zone.
Realization on the Government's Investment.
Less than $500,000.
Preliminary.
Footnotes to Table 3.- (Continued)
The 1960 figures in the Bulletin differ from those in the 1962 Budget
document because of a reclassification In the latter by which the
President's special international program in the amount of $7 million
is shifted from "Funds appropriated to the President" to "Independent
Offices
From 1955 through 1959, 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.
the detail
For content, see Table 4. These transactions are included in
deducted from
of both budget receipts and budget expenditures, but are
the totals (see Reporting Bases, p. II).
caption
Figures in this column differ from those published under the same
exclusion
prior to the September 1960 Treasury Bulletin because of the
of certain interfund transactions (see footnote 8).
international
Includes payments of United States subscriptions to three
In June 1959, pursuant to an act approved
financial organizations.
was paid
June 17 1959 (22 U.S.C. 286e), an additional $1,375 million
in gold
to the international Itonetary Fund consisting of $344 million
special notes.
(see "Monetaor Statistics," Table 3) and $1,031 million in
.
1/
6/
3/'
3/
10/
12/
12/
To the Inter-American Development Bank, as authorized by an act
approved August 7, 1959 (22 U.S.C. 283e), there were paid in
September 1959, $0.5 million, in June 1960, $79.5 million, and in
October 1961, $110 million which included $25 million of special
notes.
In November 1960, as authorized by an act approved June 30,
1960 (22 U.S.C. 28i;e), there was paid to the International Development Association $7<i million, of which $58 million was in special
notes. The special notes of the United States issued to these
organizations are nonnegotiable and noninterest-bearing and are
payable on demand. See also "Debt Outstanding," Table 1, and "Cash
Income and Outgo," Table 6.
Beginning with the fiscal year 1961, administrative expenses of the
empl oyment security program are handled as trust account expenditures
instead of budget expenditures, pursuant to the Bnployment Security
Act of 1960, approved September 13, 1960 (7^ Stat. 970); see
Table 1, footnote 11.
Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
Total includes allowance for contingencies of $100 million.
Less than $500,000.
Preliminary.
,
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
.
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of October 31, 1961
(In ollllons of dollars; negative figures are deductions in the columns in which they appear)
Agency
Unexpended
balances
brought forward
July 1, 1961
J/ 2/
Additions, fiscal year 1962 to date
Increase
Appropriations
Authorizations to
expend from debt
receipts
^
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Admijilstration
Housing and Home Finance Agency
Agriculture Department
Coomerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Just Ice Department
Labor Department
Post Of f ice Department
State Depa rtment
Treasury Department
District of Columbia
Unclassified expenditure transfers
3,746
14,295
389
12,846
5,184
971
2,373
11,023
587
28,584
2,598
375
47,705
1,600
1,010
1,479
231
333
131
6,309
111
4,035
873
295
632
875
282
10,151
62
Total
78,220
87,848
-8
555
4,765
793
440
38
Agency
Expenditures
Total
Rescissions,
cancellations,
and other
adjustments 2/
Total budget expenditures
15
545
1/
2/
^
^
^
-60
359
734
-200
7U
5
5,504
810
29
47,705
1,600
1,010
-2
4,035
882
10
295
632
875
282
10,151
62
-246
1,602
Undisbursed
appropriations
11,589
829
796
3,051
1,015
32
4
46
6
1
U,301
89,204
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
27
322
9,749
8,164
4,827
300
Total 2/
Si
58
563
3,393
848
51
251
188
44
37
5,573
21,959
829
13,200
7,929
1,567
62,017
62,017
3,996
1,019
202
354
3,9%
1,029
4*
4,098
877
234
607
993
249
7,061
130
1,416
352
99
255
216
165
3,433
35
4,098
972
234
607
993
249
13,025
130
35
5,965
-7 2/
104,061
29,346
3,864
1,411
138,683
120
28,520
Bureau of Accounts- Details for the current fiscal year to date
are shown In Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
Includes same categories as shown at end of current period.
Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reapproprlations.
Consists of authorizations by law for Government -owned enterprises
to borrow (l) from the Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Consists of transfers between appropriations; net borrowings from
Source:
2/
500
17
161
44
37
5,252
51
28,640
Deduct interest and other payments by Government agencies to
Treasury included above which are also Included in budget
receipts
-29
37
2,373
11,463
587
Unexpended balances October 31, 1961
17
3,767
143
313
2,754
213
investuK^nts
129
58
58
37
Deductions, fiscal
year 1962 to date
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Axlminlstration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
Total
^
137
113
Transfers,
borrowings
Other
authorizations
2/
8/
2/
•
or repayments to (-), the Treasury and the public under authority
to expend from debt receipts; and net investment in, or sale of
(-), public debt securities and certain guaranteed securities
issued by Government enterprises.
Consists of transfers to, or restorations from (-), the surplus
fund; rescissions, cancellations, or adjustments of borrowing
authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments.
Public debt securities and certain guaranteed securities issued
by Government enterprises.
This adjustment represents the difference between this report
based on accounts submitted by certain disbursing officers and
corresponding preliminary data used In the Monthly Treasury
Statement.
Less than 1500,000.
December 1961
.BUDGET RECEIPTS AND EXPENDITURES.
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
.
Treasury Bulletin
.BUDGET RECEIPTS AND iOtPENDITURES
Table 6.
Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
(Continued)
)
... .
,
December 1961
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transact Ions
(In millions of dollars)
Net receipts, or
expenditures (-),
from trust account
and other transactions
Fiscal year
or month
195*;
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-
Net
Net
expenditures
receipts
1/
1955
1956
1957
1958
328
231
-194
195
633
1959
1960
1961 p
-329
-50
-559
-1,511
-359
610
15
-933
-185
-1,080
638
-119
858 4/
2,684
1,939
1,938
2,(X6
2,059
-686
1,544
655
1,539 i/
3,577
2,975
2,225
2,033
2,320
1,002
3,297
1,478
1,873
2,052
2,204
980
2,513
1,994
2,034
1962 (Est.)...
1961-January.
February.
March.
712
.
.
-629
.
.
24
.
.
April.
May
June p
2,386
991 2/
2,250
1,409
262
49
29
July
August
September
-66
-120
44
-871
1,244
-726
October.
November.
-154
317
-1,015
479
.
.
9,137
9,521
11,673
14,359
16,319
6,751
8,530 2/
9,423
12,950
16,057
16,950
20,534 i/
23,792
18,461
20,893 i/
23,182
24,761
25,694
Source: Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1962 Budget Review; released
October 29, 1961, including effects of proposed legislation.
1/ Certain intertrust fund transactions are excluded from both receipts
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6.
Effective
July 1, 1955, security transactions of Government-sponsored
2/
Net sale, or investment
(-), by Government
agencies in public debt
securities
-2,054
-1,362 2/
-2,617
-2,300
-197
Net sale, or redemption
(-), of securities of
Government agencies in
the market
2/
1,112
-436
71
1,023
-733
-242
1,190
868
65
-423
27
8
-87
842
-1,409
-132
-86
-655
29
780
-1,397
662
24
32
108
828
-191
28
-7U
V
V
-4
602 2/
173
1,085
567
33
enterprises are included in deposit fund account expenditures (net)
and excluded from net investment by Government agencies in public debt
securities (see Table 4) and from net redemption or sale of obligations
of Government agencies in the market (see Table 5). Figures for 1955
have been revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table 4).
Adjusted for reclassification of certain repayments of advances fron
the general fund.
Preliminary.
p
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
Fiscal year
or month
FOASI
Trust
Fund
ability
Ins.
Trust
Fund
1959
1960
1961 p
5,080
5,586
7,003
7,159
7,900
8,182
10,439
11,910
339
943
938
1,071
1,093
1962 (Est.)...,
12,276
1,130
1954
1955
1956
1957
1958
1961-January.
February.
March. ...
.
April
May
June p
.
.
.
July
August ...
September
October.
November.
.
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
accounts
Total
trust
account
receipts
Less:
Intertrust
fund
transactions
^
Net
trust
account
receipts
....
Treasury Bulletin
10
.
TRUST ACCOUNT AND OTHJR TRANSACTIONS
.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of doliara; negative figures are excess of credits)
Trust accounts, etc.
Fiscal year
or month
1954
1955
1956
1957
1958
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Ins\irance
Trust Fund
Railroad
Retirement
Account
3,054
2,736
4,736 2/
562
582
709
80
83
94
792
896
955
2,709
3,049 2/
2,746
1,115
3,815
649
448
426
504
6
14
9
80
80
U9
40
6
38
5
80
80
83
239
85
86
85
232
302
284
91
89
303
365
9,454
11,152
11,839
371
571
756
1962 (Est.)...
13,420
1961-January.
February.
Uarch.
623
538
512
515
3,U8
778
1,136
1,124
994
.
.
947
1,049
987
62
72
68
100
103
87
,
1,000
994
1,344
71
73
79
94
June p.
July
August
September
995
1,030
1,051
77
78
79
94
103
85
October.
November.
1,046
1,065
84
82
103
102
.
Highway
Trust
Fund
1,602
1959
1960
1961 p
.
U7
Federal
employees'
retirement
funds
544
682
730
1,745
1,965
1,393
1,644
502
585
6U
1
Government
Life
Insurance
Fund
411
430
507
591
699
181
April
National
Service Life
Insurance
Fund
84
87
86
120
3,405
4,487
5,551
6,723
8,116
May
Unemployment
Trust
Fund
97
85
770 2/
535
585
50
83
1,063
72
M
249
316
332
Wl
32
39
5
34
4
267
272
36
32
73
966
Federal National
Mortgage Assoc. 1/
Financing by
Treasury
-93
-94
41
3
9
206
929
102
-42
42
-16
176
946
-69
3,161
183 2/
194
174
Ul
185
Other
operations
24
...
December i961
11
.
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollara; negative figures are excess of
aalea)
Trust accounts
Fiscnl year
or month
Total
trust
accounts
2,054
1,362 2/
2,617
2,300
197
1954
1955
1956
y
1957
1958
1,688 2/
1,236
2,516 i/
2,263
106
Federal
Old-Age and
SurvlvDrs
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
1,522
1,241 i/
1,463
220
-499
325
729
436
-1,214
548
288
-1,290
-726
-225
494
285
242
22
n.a.
-868
-65
423
-866
-78
403
-440
-104
658
-16
-842
1,409
655
-848
1,396
670
-323
838
-234
-5
73
July
August
September.
-780
1,397
-662
-827
1,377
-635
-536
.
October.
November.
-828
191
-847
210
1959
1960
1961 p
1,112
7U
1962 (Est.).
1961-January.
February.
.
March
April
May
June p.
.
.
.
.
.
552
Railroad
Retirement
Account
Dnenrploy-
ment
Trust
Fund
202
141
121
36
-33
-248
-545
258
274
-1,255
23
73
135
89
95
-35
264
-1,011
-41
-952
76
62
-44
-78
n.a.
15
91
National
Service
Life
Insurance
Fund
-81
-29
-26
48
-86
-14
405
774
-353
-22
72
-11
-86
-19
-23
-667
-31
32
8
-90
-21
389
...
Treasury Bulletin
12
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 not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
-567
-29
37
-30
-33
6
-30
37
-30
-33
6
1959
1960
1961 p
-71
-1,023
733
-10
-29
-100
-10
1962 (Est.)...
-1,190
1961- January
February.
March...
-27
-5
-36
-15
-8
-6
-15
1954
1955
1956
4
-602 2/
-173
-1,085
1957
1958
.
April
May
June p
.
.
July
August
September
.
.
October.
November.
132
86
-29
-24
-32
-108
-33
-:>a
Home
Owners'
Loan
Corporation
Trust
enterprise
fund
D.
C.
Total not
guaranteed
stadium
fund
Total
public
and trust
enterprise
funds
-1,052
-573
44
-639
-144
-1,052
-573
-61
-994
833
-61
-994
833
-5
-36
-15
-23
102
-23
27
102
-8
-6
-15
140
140
92
92
-14
2
2
-11
-21
-11
-21
-28
-16
-28
-16
33
-639 2/
-lU
27
-U
-26
-22
-86
-86
-5
-5
-13
-13
Public enterprise funds
Federal
intermediate
credit
banks 1/
44
-69
-44
136
Federal
National
Mortgage
Association 2/
-570
-233
797
Home
Owners'
Loan
Corporation
.
. ...
,
December 1961
13
TKUST ACCOUNT ABD OTHER TRAKSACTIOMS
Table 6.- Intertruet Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
195-4
1955
1956
1957
1958
,
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
V
y
3
9
75
13
448
17
20
2
13
,
.
.
.
332
13
11
19
U
September
October.
November.
.
18
16
12
10
11
908
3
.
^
10
10
12
32
10
July
Au^at
3
5
2
320
.
Columbia
3
1962 (Eat.)
June p.
of
2
211
132
April
May
District
10
7
12A
600
332
March
Federal
employees'
retirement
funds i/
12
1959
1960
1961 p
1961-January.
February.
Unemployment
Trust
Fund
18
17
135
515
Treasury Bulletin
CASH lUCOME AND OUTGO
The cash Income and outgo data appearing In the
beginning with the February 1956
TreaBury Bulletin,
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
Issue, are on a basis consistent with receipts froa and
payments to the public as derived In the I957 and sub-
(jovemment to make payxente In the future are also eliminated
sequent Budgets of the United States, Special Analysis A.
from expenditures but are added later when actual payments
Reconciliation to cash deposits and withdrawals In the
account
of.
the Treasurer of the United States Is shown on
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
Noncash items which represent accrued obligations of the
are made.
Receipts from the exercise of aonetary authority
(mostly seigniorage on fllver) are excluded ae not
representing cash received from the public. Federal casn
borrowing from the public includes net borrowing by the
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
Treasury through public debt transactions and also net
borrowing by Oovernment agencies and Government-sponsored
enterprises through sales of their own securities.
them as nearly
It excludes changes in the public debt which do not rep-
revised where necessary In order to
malie
resent direct cash borrowing from the public.
comparable with current Budget classifications as availFor this reason certain of the
able data will permit.
figures differ somewhat from those published In earlier
The net
effect of all these transactions with the public is
reflected in changes in the balance in the Treasurer's
Budget documents as well as In the Bulletin.
account and In cash held outside the Treasury.
The Budget series of cash transactions is designed
Cash transactions through the Treasurer's account are
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
similar in general concept to those Included in the Budget
includes transactions not cleared through the Treasurer's
account. Receipts and payments include transactions both
in budget accounts and in trust and deposit fund accounts.
affect the balance In that account.
Operations of Government-sponsored enterprises are included
Inpayments on a net basis as reflected in Treasury reports.
in the Budget series.
series,
but are limited in coverage to transactions whish
On the other hand,
they Include receipts from the exercise of monetary
authority, idiich are excluded from receipts from the public
...
.
December 1961
15
CASH INCCME AND OUTCX)
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public 1/
Federal payments to the
public 1/
Plus:
Excess of
receipts, or
payments (-)
Net cash
borrowing from
the public, or
repayment (-)
Plus;
Receipts from
exercise of
monetary
authority
Equals:
Change in cash balances
Treasurer's account
balance, increase,
or decrease (-)
Cash held outside
Treasury, Increase,
or decrease (-)
195A
1955
1956
1957
1958
71,626
67,836
77,087
82,105
81,892
71,858
70,537
72,616
80,006
83,412
-232
-2,702
4,471
2,099
-1,520
2,512
1,809
-4,366
-3,100
5,760
1959
1960
1961 p
81,660
95,078
-13,144
777
97, M4
94,804
94,301
99,291
8,678
1,821
-2,U7
697
1962 (Est. )...
102,755
111,122
-8,367
7,590
-694
1961-January.
February.
5,586
8,916
10,256
7,275
7,867
8,260
-1,689
1,049
1,996
119
412
-3,609
-1,582
1,463
-1,498
-112
6,295
9,731
12,367
8,292
9,462
9,446
-1,997
269
2,921
1,412
725
-1,486
-761
1,128
1,532
181
-126
-94
3,793
7,902
10,552
8,266
-4,109
-1,195
1,970
4,167
9,357
10,236
163
-52
939
-101
-572
2,936
3,872
8,554
9,385
9,218
-5,512
-663
2,775
707
-2,759
63
30
-17
35,813
45,322
-9,509
9,150
-434
104
March
April
May
June p.
.
July
August .
September
.
October.
November
1962 to date..
Source: Actual figures are based on the monthly statement of receipts
and expenditures of the Government (for explanation of reporting
bases, see page II); estimates are from the 1962 Budget Review,
released October 29, 1961, including effects of proposed legislation.
73
29
23
49
257
331
-312
-2ce
59
-956
4,159
140
44
53
55
-4,399
2,654
-1,311
-23
-4
-83
563
X/
2,096
-551
30
5
15
1
-20
Figures in this column differ from those published prior to the
September 1960 Treasury Bulletin because of the exclusion of a few
additional items of budget receipts which are also budget expenditures
(see Tables 3 and 4).
Preliminary.
P
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
16
Treasury Bulletin
CASE 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 1961
17
— CASH INCOME AND OUTGO
Table 5.- Intragovernmental Traneactlone Excluded from Both RecelptB and Paymente
_^
Fiscal year
or month
Budget receipts which
ere also
trust fund
expenditures
(In millions of dollars)
Budget receipts
which are also
Governmentsponsored
enterprise
ejcpenditures
J/
2/
Trust fund receipts which are
also budget expenditures
1954
1955
1956
1957
1958
81
102
lai
221
1,188
1,173
1,207
1,318
1,342
1959
1960
1961 p
239
261
298
1962 (Eat. ),..
39*
1,443
1961-January.
February.
U6
68
6
April
4
May
June p
.
10
9
.
July
Au^st
.
11
.
September
5
October.
November
7
81
430
439
5
574
6
8
644
662
1,315
9
1,327
1,404
10
10
746
747
841
5
i/
Other
i/
167
166
521
695
681
1,858
1,865
2,412
2,767
2,917
846
819 6/
1,615
3,161
3,167
4,170
1,310
4,024
25 4/
63
88
116
303
203
258 6/
195
364
305
1,353
6
79
33
22
60
42
28
848
60
4
23
24
61
73
73
120
186
74
189
298
180
36
31
71
62
125
206
239
380
84
71
86
See Table 1.
Source:
Total
Payroll
deductions for
employees'
retirement 2/
5
6
March
Interest
on uninvested
trust
funds
Interest on
investment in
public debt
securities
4U
Footnotes follow table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Noncash expenditures involving issuance
of public debt securities 2/
Fiscal year
or month
Net accrued
interest on
savings bonds
and Treasury
bills 1/
388
254
68
26
-15
234
91
801
341
222
87
231
442
524
1954
1955
1956
1957
1958
497
456
1959
1960
1961 p
Clearing
account for
public debt
interest 2/
1962 (Est.
13
35
-62
1961-January. .
February.
Uarch- .
.
.
April
May
June p
.
October. .
November.
3
335
49
-367
113
4
July
August. . .
September,
149
-352
299
Special notes to -
Adjusted
service
bonds
^
-1
-1
Armed Forces
leave bonds 5/
-8
-7
-6
-4
-2
-2
-1
International
Monetary Fund
^
International
Development
Association
Inter-American
Development
Bank
109
156
175
-674
-450
1,361
259
258
58
-300
-50
383
45
-470
-17
33
51
438
93
308
2/
-115
-55
335
-753
579
572
615
943
-811
470
-116
-380
7
2,131
449
985
a
273
295
281
13
-53
-241
-388
etc.
25
38
150
28
71
Clearing
account
for
checks
outstanding,
25
6
58
-
IS
Treasury Bulletin
.
CASH INCCME AND OUTGO
,
Table 7.- Derivation of Fefleral Government Net Cash Debt Transactions with the Publ ic.
and Reconciliation to Net Cash Debt Tranpactlons 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
Fiscal year
or month
Public debt
increase, or
decrease (-)
Plus:
Net sale of obligations
of Government enterprises in
rite
t
the ma
Public and
trust enterprise funds
Government
sponsored
enterprises
Net investment in Federal
securities by Government agencies
Less:
Public
Trust funds
.
December 1961
19
CASH INCC4^ AND OUTGO
Footnotes to Table 3
V
2/
^
All previously published figures were revised in the September I960 Bulletin
to take account of the deduction of certain interfund transactions from both
net budget receipts and budget expenditures; and also in the July 1961 Issue,
deductions for certain intertrust fund transactions from both trust account
receipts and trust account expenditures (see pp. 2, A, 9, and 10). Formerly
such transactions were included in the tntragovemmental transactions which
were deducted in deriving receipts from and payments to the public.
Treated as noncash refund deductions from receipts when issued and as cash
refxind deductions when redeemed.
Consists of seigniorage and the increment resulting from reduction in the
V
5/
*
p
weight of the gold dollar; excluded from receipts from the public but Included in cosh deposits in the Treasurer's account.
Figures in this column differ from those published prior to
the September 1960 Treasury Bulletin because a few additional
items of budget receipts which are also budget expenditures
are included in the Interfund transactions deducted from budget
receipts and budget expenditures (see footnote l).
Adjusted for reclassif icatlon of certain repayments of advances
from the general fund.
Less than $500,000.
Preliminary.
Footnotes to Table 4
See Table 3, footnote 1.
Net operating expenditures, or receipts [-}, :ij measured by funde provided
by or applied to net security transactions reflected in Treasury' reports
(see Table 7). To a large extent, these i:k)vemment-sponsored enterprises
secure funds for their operations by direct borrowing from the public or by
cashing Federal securities which they hold, and they apply the net income
received from operations to repayment of borrowing from the public or to
investment in Federal securities. On that basis, net expenditures for operations are shov.Ti in this table in terms of the combined net of disinvestment
in Federal securities and sale of agency obligations in the market, and net
2/
y
V
y
p
receipts from operations are shown in terms of the combined net
of investment in Federal securities and redemption of agency
obligations in the market.
See Table 3. footnote A.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $l,6';3,O70 (par value).
See Table 3, footnote 5.
Preliminary.
Footnotes to Table 5
1/
2/
2/
Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund
and Federal Disability Insurance Trust Fund for administrative expenses
and beginning with 1959 for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); 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 1959.
Consists of payment of franchise tax by banks for cooperatives beginning
1955, and also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by trust
funds and Government-sponsored enterprises.
Beginning with fiscal year 1958
excludes deductions from salaries of District of Columbia employees, and
ij
^
6/
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 Railroad 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.
Figures in this column differ from those previously published
because budget receipts which are also budget expenditures, and
trust fund receipts which are also trust fund expenditures are
no longer included; see Tables 3 and 4.
See Table 3, footnote 5.
p
Preliminary.
Less than $500,000.
Footnotes to Table 6
1/
'J
"}/
ij
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 (-).
Treated as noncash expenditures at the tijne 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 certifica'ies held by veterans
of World War I. The bonds matured in 1945.
2/
^
2/
**
P
Issued in 1947 in payment for accumulated leave. The last of
these bonds matured in 1951.
Parts of the United States subscriptions to the International
Monetary Fund, the International Development Association, and
the Inter-American Development Bank were paid In nonnegotiable,
nonlnterest-bearing notes of the United States, payable on demand.
See "Budget Receipts and Expenditures," Table 3, footnote 10.
Checks outstanding less deposits in transit, and changes In other
accounts; net Increase, or decrease (-),
Less than $500,000.
Preliminary,
Footnotes to Table 7
1/
2j
y
In tills table, in accordance with treatment in Budget documents, net
investment in United States securities by Government -sponsored enterprises includes a small amount by other enterprises regarded as repreIn Table 4 under "Trust Account
senting net transactions with the public.
and Other Transactions," these amounts are included with other trust accounts.
Does not include investments representing acquired securltiei^ 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
ij
^
y
2/
Treated as noncash transactions at the tine of issuance and as
cash transactions at the time of reden^ition; net issuance, or
redemption (-).
Excluded from borrowing because the transactions are treated as
expenditures In Table 6.
Excluded front borrowing because the transactions are treated as
deductions from receipts in Table 3.
Market transactions in public debt securities and agency obligations.
•
p
Less than $500,000.
Preliminary.
Treasury Bulletin
20
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance In the TreaBurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit in these accounts proceeds
from subscriptions to public debt securities entered for
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
branches.
their own account as well as for the account of their
customers.
As the balances In these accounts become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
to leave funds in banks and In the comniunltles in which
pleted,
they arise until such time as the Treasury needs the funds
commercial banks throughout the country.
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 neutralire 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 275-284.
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
December 1961
21
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
22
Treasury Bulletin
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
December 1961
23
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
Troasiini Bulletin
2l^
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
December 1961
25
.DEBT OUTSTANDING.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
...
.
Treasury Bulletin
26
.
DEBT OUTSTANDIKG
,
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
End of fiscal
year or month
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
Intermediate
credit banks
Federal land
banks 2/
y
133
179
199
115
341
929
738
456
725
793
834
924
,159
1,007
1,061
1,322
1,552
1,646
6,708
8,407
7,765
284
330
382
992
1,259
1,055
,456
,600
,723
1,888
2,137
2,357
1960- December.
7,911
407
1,266
1,454
1961-January.
February.
March.
7,765
7,602
7,429
407
404
404
1,1M
7,417
7,534
7,765
402
402
382
July
August
September
7,837
7,925
8,312
October.
November.
8,31lT
8,466
1958
1,967
2,876
3,889
5,013
5,423
1959
1960
1961
1954
1955
1956
1957
.
.
April
May
June
.
Source:
Note:
X/
.
120
UO
Management
and liquidating issues
All other
issues
Tennessee
Valley
Authority
570
570
570
797
797
797
1,290
2,284
2,198
50
2,210
2,523
50
1,438
1,478
1,519
2,210
2,210
2,210
2,546
2,518
2,416
50
50
50
955
1,055
1,590
1,661
1,723
2,281
2,281
2,357
2,276
2,184
2,198
50
50
50
384
384
1,054
1,093
1,335
1,767
1,795
1,782
2,357
2,357
2,431
2,179
2,197
2,281
100
100
100
445
439
1,334
1,573
1,715
1,623
2,431
2,431
2,287r
2,300
100
100
380
942
829
817
Office of Debt Analysis and agency reports.
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks
ended in July 1951.
2/
2/
r
The proprietary interest of the United States in these banks ended
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings
Revised.
)
December 1961
27
.STATUTORY DEBT LIMITATION.
Th« S«cona Liberty Bond Act 3I U.3.C. 757 b), a*
aaandcd by an met appro»td June 30, 1959, provide! that
the face iaeunt of obllgatlona Itaued under authority of
and June 30,
1955); $3 billion beginning on July 1, I956,
and ending on June 30, 1957 (act approved July 9, I956);
billion beginning on February 26, I958, and ending on
(
5
and the face aaount of obllgatlona guaranteed
aa to principal and Intereet by the United States (except
that act,
June 30,
guaranteed obllgatlone held oy the Secretary of the Treasury) shall not cxjeed In the aggregate $285 billion out-
beginning on July 1, 1959, and ending on June 30, i960
(act approved June 30, 1959); 18 billion beginning on
July 1, i960, and ending on June 30, I961 (act approved
standing at any one tl»e.
June 30, i960); and tl3 billion beginning on July
In effect
The corresponding limitation
under the act of June
26,
and that under the «Bt of Septenber
lion.
In addition,
ized as follovs:
19't6,
2,
and ending on June 30, 1962 (act approved June
wae $275 billion
temporary Increases hare been author-
1.-
I96I
redemption values.
Status under Llm itatlon, November 30, 1961
(In millions of dollars)
Maximuin 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. 757b), as increased temporarily by the act of June 30, 1961
298,000
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 held outside the Treasury
2%, 572
315
Total amount of securities outstanding subject to statutory debt limitation
296,886
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding November 30, 1061
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Not subject to
statutory debt
limitation
Total
outstanding
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Trea sury notes
Treasury bonds
;
Total marketable.
Nonmarketable:
Certificates of indebtedness, foreign series
Certificates of indebtedness, foreign currency series.
U. S. savings bonds (current redemption value)
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable.
Special issues to Government agencies and trust funds.
Total interest-bearing securities
atured securities on which interest has ceased.
195 ,643
195,643
575
575
46
47,824
153
5,123
22
46
47,824
153
5,123
53,744
53,744
44,217
44,217
293,604
293,604
22
1
51
1
2,368
2,368
191
115
25
191
U3
U3
115
25
Total debt bearing no interest
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
102
102
2,560
436
;,'>96
2%, 572
439
314
315
Total guaranteed securities
296,886
ital public debt and guaranteed securities.
Daily Treasury statement.
43,442
5,50?
71,488
75,204
51
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fiind series
International Development Association series
Inrter-American Development Bank series
United States notes (less gold reserve
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
jurce:
43,442
5,509
71,488
75,204
407
Debt bearing no interest:
United States savings stamps
.
).
are Included In the statutory debt limitation at current
1^^,
and ending on June 30, 1956 (acts approved August 28, 195"*,
Table
I96I,
1,
30,
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
I958, was $283 bil-
|6 billion beginning on August 28,
1959 (act approved February 26, I958); |10 billion
1/
Held outside the Treasury.
430
Trcasurii
zs
PUBLIC DEBT OPERATIONS
Table
1.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1961
Other Than Regular Weekly Treasury Bills
HaUetin
December i96l
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1961
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Treasur}! Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Ai]K>ujits
In millions of dollars)
December 1961
31
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On total bids accepted
Average price
per hundred
Regular weekly bills:
l%l-4ug.
10.
Price per hundred
Equivalent rate '7/
2.299
2.557
99.
98,
426
717
8/
2.271
2.536
/99.4Q2
198.677
2.366
2.617
99. 411
98. 686
2/
2.330
2.599
r
Aug.
17
99.366
98.602
2.519
2.765
99..369
98..616
iS/
11/
2.496
2.738
Aug.
24
199.360
\98.580
2.504
2.793
99..368
98..596
12/
2.473
2.762
31
[99.413
\98.677
2.321
2.617
99..425
98..691
Sept .
7
/99.395
\98.639
2.392
2.692
99. 402
98, .650
12/
2.366
2.670
Sept.
U
f99.412
198.643
2.328
2.685
99.
418
654
U/
2.302
2.662
{99.428
198.644
2.262
2.681
99. 432
98. 652
99. 4 35
\98.637
2.234
2.697
99.
98. 644
5p
/99.418
\9S.643
2.302
2.683
99. 435
98. 650
16/
13p
[99.403
\98.561
2.389
2.684
99. 410
98. 660
18/
2.360
2.665
J99.398
|98.618
2.382
2.734
99. 405
98. 624
12/
2.354
2.722
l'99.412
2.325
2.708
99. 417
98. 638
2.306
2.694
198.679
2.280
2.613
99.
98.
428
686
2.263
2.599
f99.406
198.709
2.349
2.554
99. 413
99. 402
2.322
2.366
2.516
2.721
99 372 go/
98. 638 n/
2.484
2.694
Aug.
Sept.
Sept.
21
28
Oct.
Oct.
Oct.
Oct.
19p
26p
f
[98.b}l
Nov.
2p
Nov.
9p
Nov.
r99.424
98.
2.275
2.589
i^
W,
15p i/
2.247
2.666
2.200
2.682
12/
2.235
2.670
99.719
Nov.
16p
99.364
98.624
Nov.
24p
99.359
98.626
2.537
2.734
99. 363 22/
98. 630
2.520
2.725
Nov.
30p
99. 341
198.581
2.606
2.807
99. 346
98. 595
2.587
2.779
2.473
2.484
2.705
98.863 22/
98.400 2i/
98.042 25/
2.380
2.400
2.630
J
Tax anticipation bills:
1961-Apr.
July
Sept.
27
98.818
98.344
97.986
Other bills:
1960-Oct
17
96.834
3.131
96.891
3.075
1961-Jan.
Apr.
July
Oct.
97.283
97.134
97.051
96.992
2.679
2.827
2.908
2.975
97.318
97.171 26/
2.645
2.790
2.859
2.930
3
26
.
2/
8/
2/
12/
U/
12/
12/
yj
IV
16/
12/
18/
12/
15
15
15
16p
Bank discount basis.
Except $100,000 at 98.736.
Except tl00,000 at 98.690.
Except $200,000 at 99.425,
Except $100,000 at 98.660.
Except $300,000 at 99.373.
Except $300,000 at 99.417.
Except $75,000 at 99.430.
Except $100,000 at 98.654.
Except $100,000 at 98.656.
Except $128,000 at 99.431,
Except $700,000 at 9i.bn,
Except $200,000 at 98.660,
97. 101
97.037 S2/
Sfl/
$200,000 at 99.417, and
$1,'.
Price per hundred
(Percent)
98. 707
3
1
Aug.
On coi^etitiTe bida accepted
(Percent)
99.419
(Continued!
Hl«h
Equivalent average
rate 2/
-
'.
21/
22/
2^/
2i/
Zi/
and $300,000 at 99.415.
and $150,000 at 98.668.
$260,000 at 98.655, and $500,000 at 98.639.
26/
12/
P
99.415
98.702
}
.
)
}
Treasury Bulletin
32
PUBLIC DEBT OPESATIOie
Table 3.- New Money Financing through Regular Weekly Treasury Bill*
(Dollar amounts in millions
Description of issue
Maturity
date
Issue
date
Nu-aber of
days to
maturity
Amount
of bids
tendered
Amount
of bids
aocepted
Average rate
on bids
accepted i/
New money
Increase, or
decrease (-
(Bsrcent
1953-Apr.
^3.
19')3-
July
23
91
$ 2,202
I 1,501
2.320
( 100
91
91
91
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
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
300
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
May
May
May
7.
Au<:.
6
21.
28.
Aug.
Aug.
20
27
June
June
June
June
A.
11.
IB.
25.
Sept.
Sept.
Sept.
Sept.
10
17
2A
July
July
July
2.
Oct.
1
9.
Oct.
8
91
91
16.
Oct.
15
91
2,192
2,167
2,277
Sept. 10.
Dec.
10
91
2,023
1,501
1.953
101
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
,541
.606
,619
,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
,850
,889
.888
.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
98
101
1955-July
July
July
July
7.
U.
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.
I.
11.
18.
3
13
20
27
3
10
17
25
1
8
15
22
29
1957-Jan.
31.
1957- May
Feb.
Feb.
Feb.
Feb.
7.
21.
28.
May
May
May
May
31
Mar.
Mar.
U.
June
June
13
Dec.
Dec.
U.
7,
19,
26,
1958- Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
1958-Jan.
Jan.
Jan.
Jan.
23,
Mar.
13,
June
Sept. 11
Sept. 18,
Sept. 25
Dec.
Dec.
Dec.
2,
9,
16,
Oct.
Oct.
Oct.
Oct.
Oct.
30,
Nov.
Nov.
13
Dec.
11
Dec.
2
9,
16
23
23
6
20
.27
3
10
17
2i
11
18
26
2,624
1,700
3.283
99
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
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
91
91
2,348
2,416
1,700
1,700
,uo
,173
lOO
9S
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
,753
,858
101
100
,591
,587
100
100
91
2,436
1,700
1.532
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
101
2.804
2.647
100
104
99
102
1,802
1,801
2.649
2.774
102
101
1,600
400
2.805
3.081
200
1,600
400
2.904
3.095
200
2,394
834
1,601
201
400
2.739
3.017
2,479
755
1,600
400
2.690
2.920
199
2,508
680
1,599
2.678
2.959
199
400
2,178
734
1,600
401
2.808
3.034
197
29
Feb.
Fob.
5
13
91
92
2,8U
Mar.
I
\ June
12
11
91
2,407
182
1,073
fMar.
June
\
15
2?
19
IB
91
182
90
Dec.
26
jMar.
\ June
1959-Jan.
2
/Apr.
\july
181
B,
(Apr.
\july
182
Jan.
Jan.
15
Footnotes Qt end of table.
2,291
2,382
92
91
91
91
91
1959- Jan.
Jan.
Jan.
Jan.
Jan.
6
18,
9
16
(Apr.
(July
26
25
181
90
91
16
16
91
182
3,088
2,987
2,872
2,857
2,476
764
(Continued on following page)
202
9-)
9-)
December i96l
33
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Continued)
(Dollar amounts in milliong)
Description of issue
1959-Mar.
Mar.
Nujnber of
Maturity
date
Issue
date
days to
maturity
June
Sept.
i
12 Z/
June
Sept.
11
10
19...
June
Sept.
18
17
26...
June
Sept.
25
Nov.
Feb.
12
11
5...
1959-
3
24
Aug.
13...
19591960-
Aug.
20...
19591960-
Nov.
Feb.
19
18
Aug.
27...
19591960-
Nov.
Feb.
27
1960-
Aug.
Nov.
18
17
Aug.
Nov.
25
25
1960-May
19...
May
26...
June
2...
Iy61-Jan.
19...
Jan.
26...
Feb.
2..
Mar.
30...
Apr.
6...
Apr.
13...
May
A..
May
11...
July
20...
Aug.
31...
Oct.
19p..
Oct.
26p.
Sept.
Dec.
.
.
Jan.
Apr.
Jan.
.
Apr.
25
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-)
Treasury Bulletin
3'*
PUBLIC DEBT OPERATIONS
Table 4.- Offerlnge of Public Marketable Securltlea Other Than
Regular Weekly Treasury Bill*
Date subscription books
December 1961
35
PUBLIC DEBT 0FE[UTI0^]5
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Period to final
maturity
(years, months,
days) 2/
Date
of
Description of security
l/
Issue
Amount of subscriptions tendered
Cash
y
Exchange
Amount issued
For
cash 2/
In exchange
Allotment
ratio
(In millions of dollars)
2.414
Tax ant. 8/
(At auction)
6/24/57
-
1/11/57
1/16/57
3.305!6 Bill
2/4/57
2/15/57
2/15/57
3-3/6)6 Certificate
3-1/2^ Note
2/1hi
2/15/57
3.231? Bill
2/15/57
2/15/57
3-3/8? Certificate
3-1/2? Note
2/14/5 8-A - Reopening
5/15/6O-A - Reopening
4/1/57
1-1/2? Note
4/1/62-EA
5y
551
3-1/2? Certificate
3-5/8? Note
4/15/58-B
2/15/62-A
Him
2,351
647
3/I8/57
,
5/
2/U/58-A
Tax ant. 8/
(At auction)
6/24/57
8,4U
8,4U
ly
3y 3m
5/15/6O-A
1,601 20/
1,464
1,464
12 9d
2,302
1,750
lOki
3y lim
7,489
5,868
2,437
942
100
i/b/->l
5/1/57
5/1/57
5/22/57
5/27/57
2.825? Bill
9/23/57
Tax ant. 8/
(At auction)
119d
3,689
1,501
6/26/57
7/3/57
3.485? Bill
3/24/58 - Tax ant. 8/
(At auction)
264d
4,547
3,002
7/22/57
8/1/57
8/1/57
8/1/57
3-5/8? Certificate
Certificate
4?
Note
4?
9/16/57
4.173? Bill
8/1/57
9/26/57
10/1/57
4?
4?
4?
10/1/57
5/
11/20/57
8/21/57
ril/29/57
\ 12/2/57
9^
4y
.
4/15/58 - At auction
8/1/58-C - Reopening
8/15/62-B 2V
10/1/69
Certificate
Note
Bond
9,871
10,487
2,509
4m
ly
4y
12/1/57-E
8/1/58-C
8/1/61-A 22/
100
100
100
237d
3,178
1,751
ion
4y 11m
12y
3,067
6,121
4,648
933
2,000
657
1-1/2?
lO/l/62-EO
5y
3-3/4? Note
3-7/8? Bond
ll/15/62-C
11/15/74
4y Him
16y llim
2a
2,351
647
HOO
9,871
10,487
2,509
100
]
2y
26/
100
590
1,U3
7,786
3,817
23/
28/
654
11/21/57
12/1/57
3-3/4? Certificate -
12/1/58-D
ly
9,833
9,833
2-1/2? Certificate
2/U/59-A
ly
2/15/64
2/15/90
6y
32y
9,770
3,854
1,727
9,770
3,854
1,727
100
2/3/58
2/W/58
2/U/58
533
100
1,817
7,3B8
jioo
13,500
100
506
100
2/14/58
Bond
3-1/2? Bond
2/28/58
3?
-
3?
Bond
8/15/66
4/1/58
I-V2? Note
4/1/63-EA
4/7/58
4/15/58
2-5/8? Note
2/15/63-A
6/3/58
6/3/58
3-1/4? Bond
5/15/85
6/4/58
6/15/58
6/15/58
1-1/4? Certificate
2-5/8? Bond
7/21/58
8/1/58
1-5/8? Certificate
7/29/58
8/6/58
1-1/2? Certificate
2/28/58
1/
,
lO/l/63-EO
5/15/59 - Special at fixed
price
11/15/59-B
2.999? Bill
6/22/59 - Tax ant. 8/
(At auction)
11/15/59-E
5/15/61-B
,
12/1/58
12/1/58
3-3/8? Certificate
3-5/8? Note
,
1/21/59
1/23/59
3-1/4? Note
Bond
4?
2/2/59
2/15/59
2/15/59
3-3/4? Certificate
Note
4?
2/11/59
2/16/59
3.293? Bill
9/21/59
4/1/59
10/1/57
4?
4?
Note
Bond
5/15/63-B
10/1/69
11/19/58
1/12/59
3/23/59
^
4/1/59
1-1/2? Note
3/26/59
4/1/59
3.386? Bill
5/6/59
5/11/59
3.835? Bill
5/7/59
5/15/59
3.565? Bill
5/11/59
5/15/59
4?
2/
Footnotes at end of table.
.
.
•
.
5/15/6&-B
2/15/8O
.
Certificate -
2/l5/6a-A
2/15/62-D
.
.
.
.
.
.
.
506
2,735
ly Im
2,686
1,184
2Md
5,950
2,997
ii/
ly 4m
21y Im
Issued at 99.993
Issued at 99.993
ly
3y
7,711
4,078
7,711
4,078
llio
Issued at 99-3/4
Issued at 99.00
Reopening
B/
3,567
5,805
2y 5|m
2,738
834
5,508
1,800
2l7d
2,984
1,502
4y Ijm
lOy 6ii>
3,052
1,502
1,743
4/1/64-EA
619
457
457
289d
3,445
2,006
340d
3,461
2,003
221d
1,699
1,500
4/15/6O - At auction
12/22/59 - Tax ant. 8/
(At auction)
Issued at 99.95
(Continued on follovrtng page)
ly
i2/
11,363
1,435
11,363
1,435
5y
1/15/60 - At auction
5/15/60-B
13,500
219d
Issued at 99.95
Issued at 99-7/8
Tax ant. 8/
(At auction)
1,135
5,962
5y
3.25?
Bill
8m
3,971
1,817
7,388
ly
1-1/2? Note
11/20/58
2,570
Tax ant. 2/
.
10/8/58
3-1/2? Note
15,741
8/1/59-C
10/1/58
10/10/58
4y 10m
26y 11m
11m
6y 8m
3/24/59-D
.
9/29/58
11/14/58
Issued at lOOj
22/
1,484
6,715
5y
5/15/59-B
2/15/65
.
5^
8y
2y
1,269
100
Troasurij Bulletin
36
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
December 1961
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date aubscription books
opened or bill
tenders received
9/20/61
Description of security
10/3/60
3-1/2!^ Bond
3-1/2* Bond
3-1/2* Bond
11/15/80
2/15/90
lV'l5/98
9/27/61
2.705* Bill
6/22/62
lO/l/66-EG
2/U/58
10/1/61
1-1/2* Note
10/2/61
5/15/61
3-1/4* Note
10/10/61
10/16/61
2.975* Bill
11/6/61
11/15/61
11/15/60
3-1/4* Note
3-3/4* Bond
11/9/61
1/
issue
10/3/60
9/11/61
12/2/57
3-7/S* Bond
11/15/61
2.277 Bills
Reopening
Reopening
Reopening
.
6/23/60
3-7/8* Bond
19y
28y
37y
Tax ant. 8/
(At auction)
2/15/63-E
5/15/66 - Reopening
Issued at 99.75
11/15/74 - Reopening
Issued at 99.00
ly
5y
12/7/61)
Cash
2/
Exchange
For
cash i/
Allotment
In exchange
ratio
l,275p
l,299p
l,187p
1.275P
l,299p
l.lSTp
5,131
2,511
5,68?i)
2,295p
3,756p
2,003p
100^
5y
ly
r
Amount issued
Amount of subscriptions tendered
2m
5m
2m
268d
5/15/63-D - Reopening
Issued at 99.875
10/15/62 - At auction
[l/25/62r
11/20/61
Period to final
maturity
(years, months,
days) 2/
Dete
of
"Strip" of 8
series 61/
(At auction)
7to
3m
6m
3,643p
2,385p
2,385p
13y
517p
517p
46. 5d
(Average)
5/15/68 - Reopening
Issued at 99.50
6y
60/
i^
6m
3,64:jp
l,519p
100^
800p
316p
6^
316p
^
Footnotes to Table 4
Source:
\/
2/
j/
ij
^
6/
if
8/
_;
1^
Bureau of the Public Debt. Preliminary figures are from sub3crlption and allotment reports; final figures are on "clearance"
basis in dally Treasury statement.
Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
accepted bids. For details of bill offerings, see Table 2. In reopenings, the amount issued ie in addition to the amount In original
offering.
From date of additional issue in case of a reopening.
Subscriptions shovm are from the public, but amounts issued include
allotments to Government investment accounts.
For maturing securities exchanged for the new issues, see Table 6.
Exchange offering available to owners of nonmarketable 2-3/45^ Treasury
Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further
information on the original offering see "Treasury Bulletin" for
April 1951, page A-1. Amounts shown are as of November 30, 1961.
The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
Total allotments on caSh subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions In amoimts up to and including
|5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks' subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonds allotted could be made with accrued interest at any time not
later than July 31, 1953.
Tax anticipation bill, acceptable at face value In payment of Income
and profits taxes due on the qxiarterly payment date immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accrued interest
to maturity in payment of income and profits taxes due on the quarterly
payment date Immediately preceding maturity.
Subscriptions for amounts up to and including $100,000 were allotted
in full.
Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
11/
12/
13/
w/
15/
16/
^7/
18/
19/
Subscriptions for amounts up to and including $10,000 were allotted
in full.
Subscriptions from mutual savings banks, insurance companies
pension and retirement funds, and State and local governments were
allotted 21, percent. All others, including conmercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Subscriptions for amounts up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 40
percent but in no case less than $50,000,
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less than $50,000.
Cash subscriptions for $100,000 or less were allotted iji full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case leas than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
than $25,000 were allotted not less than $25,000.
In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than
60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
Subscriptions for $100,000 or leas were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
33
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4.- (Continued)
go/
21/
22/
23/
2.i/
25/
26/
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $1CX),000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of the notes were allotted to Government
investment accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
three months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full, and subscriptions for more thaji $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue were allotted to Government
investment accounts,
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
leas than $50,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts. Payment of not more
than 50 percent fould be deferred until not later than October 21,
1957.
22/
iS/
22/
}0/
31/
i2/
12/
34/
35/
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype investors and 12 percent to all other subscribers but in no
case less than $10,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
less than $10,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts,
Subscriptions for $10,000 or less were allotted in full, Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000,
In addition, $100 million of the bonds were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 2/, percent but in no case
less than $25,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
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, $100 million of the bonds were allotted to Government
investment accounts.
Subscrip ions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
minijnum for each issue were allotted 44 percent on bills and 35 percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account 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 the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds were
not less than $5,000.
allotted to Government investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to J^ril 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).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
37/ Subscriptions from savings-type investors totaled $240 million and
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 savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
minimums were allotted not less than the minimums.
In addition,
$50 million of the bonds were allotted to Government investment accounts.
38/ Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
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
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription.
In addition, $100 million of the notes were
allotted to Government investjnent accounts.
i2/ Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, irtiich mature in 1960, were offered in exchange
the 4-3/45t notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4^.
Smaller dencaninations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments ajnounted to $3
million.
iO/ Issued as a rollover of maturing one-year bills.
41/ Savings-type investors were given the privilege of paying for the
bonds in intsallments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds were allotted to Government Investment accounts.
42/ Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions
or less were allotted in full. Subscripfor
$25,000
^)/
tions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
44/ Subscriptions were permitted to be made with payment in cash or In
4-3/4^ Treasury notes maturing August 15, 1960 (see Table 6, footnote 22). In addition in order that holders of 3-5/8)t Federal
National Mortgage Association notes maturing August 23, I960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, I960, at par and accrued Interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
42/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 44).
4^/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, I960,
£y Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,285 million and were allotted in
full.
Subscriptions subject to allotment totaled $11,104 million
and were allotted In full up to and including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
^^^ Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from coomercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
In full; subscriptions for more than $5,000 were allotted not less
than $5,000.
3b/
,
December 1961
39
PUBLIC DEBT OPERATIONS
,
Footnotes to Table 4.- (Continued)
42/
pO/
51/
p2/
53/
^4./
^5/
56/
57/
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2S6 bonds of 1980, 1215.9 million of the 3-l/2:t bonds of 1990,
and ^36.5 million of the 3-1/2% bonds of 1998.
Holders of approximately #750 million of Series F and G savings bonds
issued in 19-49, which mature in 1960, were offered in exchange the
4;t bonds, with certain adjustments as of December 15, 1960, at a price
Smaller denominations of savings bonds could be exchanged
of lOOj.
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
Suscriptions were permitted to be made with payment in cash or in
A-'7/8% Treasury certificates maturing February 15, 1961 {see Table 6,
footnote 26).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961,
Subscriptions from States, political sub-divisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including fl0,000 were alloted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8% bonds of 1%6 and $540 million of the
3-5/856 bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4% Treasury certificates or 3-5/8% Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
^8/
59/
60/
61/
62/
6J/
p
pension and retirement and other public funds, Intematlonol organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1961, to November 30, 1961.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts $480.4
million of the 3-l/2% bonds of 1980, $160.6 million of the 3-1/2% bonds
of 1990 and $289.5 million of the 3-l/2% bonds of 1998.
Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 wer allotted 37 percent but In no case less
than $100,000.
In addition, $100 million of the notes were allotted
to Government investment accounts.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Includes $2 million by Government investment accounts to the 3-1/4%
notes, $4 million to the 3-3/4% bonds of 1966, and $136 million to
the 3-3/4% bonds of 1974.
Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15^ 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to about $298,000.
Preliminary.
Trcasurii Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/
(In millions of dollars)
Issue
1
1
December 196/
1^1
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^ (Continued)
(In millions of dollars)
Allotments by Investor classes
Amount issued
7/3/57
Commercial
banks
2/
Insurance
companies
Individu-
als
y
Mutua
savings
banks
Private
Corpo- pension
rations and retirement
i/
funds
9/23/57
1,501
n.a.
1,461
n.a.
n.a.
3.48556 Bill
3/24/58
3,002
n.a.
2,955
n.a.
n.a.
7,991
6,822
271
650
1,606
1,394
50
27
17
170
68
56
54
45
2
31
5/8* Cert.
Cert.
Note
4.173!t Bill
8/21/57
exchange
for other
securities
eminent
investment
accounts
and
Federal
Reserve
Banks
2.825% Bill
8/1/57
9/26/57
For
cash
Description of security
12/1/57-E
8/1/58-C
8/1/6I-A
100 11/
100 11/
100 11/
4/15/58
8/1/58-C
8/15/62-B
State and local
governments 5/
U. S. Gov.
In
Date of
financing
9,871
10,487
2,509
1,751
n.a.
933
2,000
100
100
756
1,450
23
93
Pension
and retirement
funds
Dea lers All
other
and
brokers 6/
Other
funds
n.a.
n.a.
n.a.
19
26
6
1
319
7
28
478
Ul
77
409
215
129
222
2
175
15
39
15
48
691
827
174
n.a.
n.a,
1
22
50
49
6
10
2
129
n.a.
14*
Cert.
Note
4*
Bond
10/1/69
657
100
296
84
16
21
20
12
9
79
3-3/4* Note
ll/15/62-C
1,W3
100
663
39
62
58
28
5
1
120
59
7,938
658
34
24
24
599
33
2
182
137
202
100
189
43
60
98
23
29
U
10
52
36
1,404
2,780
520
171
81
87
70
39
44
2
1
176
68
1,095
163
113
47
10
588
81
77
173
52
18
42
458
256
86
10/1/57
11/29/57
12/1/57
3-3/4* Cert.
12/2/57
3-7/8* Bond
2/L4/58
2-1/2* Cert.
Bond
3*
3-1/2* Bond
2/
9,833
12/1/58-D
654
11/15/74
9,770
3,854
1.727
2/U/59-A
2/15/64
2/15/90
5,752
48
82
306
461
8/15/66
1,484
100
676
113
53
85
U5
7
16
154
133
3*
Bond
2
2/28/58
2-5/8* Note
2/15/63-A
3,971
102
2,511
221
110
Ul
258
29
2
16
346
235
';/l5/58
5/15/85
1,135
100
213
86
202
76
102
31
9
127
3-1/4* Bond
48
Ul
6/3/58
92
355
571
18
233
12
72
570
1,045
8
14
191
190
47
924
210
4,031
98
209
3,600
160
87
43
911
26
546
550
351
3,097
24
2
1
303
»
1
18
104
17
3,567
2,256
63
23
11
221
4
1
30
44
82
2,735
664
78
20
19
125
4
1
49
25
94
1,184
105
n.a.
2,871
n.a.
n.a.
n.a,
n.a.
n.a.
n.a.
2,997
5,086
2,923
1,090
736
60
36
6
798
127
5
245
24
171
136
138
82
111
1/4* Cert.
5/8* Bond
5/15/59-B
2/15/65
1,817
7,388
8/1/58
1-5/8* Cert.
8/1/59-C
13,500
8/6/58
1-1/2* Cert.
3/24/59-D
10/8/58
3-1/4* Bill
6/15/58
I:
10/10/58
3-1/2* Note
11/15/59-B
11/20/58
2.999* Bill
6/22/59
12/1/58
'3-3/8* Cert.
,3-5/8* Note
1/21/59
3-1/4* Note
1/23/59
2/15/59
l4*
2/16/59
Bond
4*
3/4* Cert.
Note
3.293* Bill
4*
4/1/59
5/11/59
5/15/59
Note
Bond
4*
3.386* Bill
3.835* Bill
f3.:565*
14*
7/8/59
Bill
Cert.
4.075* Bill
8/
5/15/59
8/
7,711
4,078
11/15/59-E
5/15/6I-B
2,302
48
37
17
175
5
1
11
31
76
153
65
52
53
106
28
48
83
2/15/80
170
2,418
972
150
44
158
1,618
140
41
13
2
2
515
85
207
47
43
22
565
75
1,443
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,331
335
n.a.
61
26
n.a.
17
1
5
n.a.
n.a.
52
26
n.a.
11
35
28
25
15
n.a.
12
n.a.
4
n.a.
4
15
1
11,363
1,435
2/15/6O-A
2/15/62-D
1,743
619
2,006
4/15/60
2,003
1,952
1,500
539
U
12/22/59
5/15/6O-B
8/1/59
^-3/4* Note
8/15/6&-C
8/19/59
3.719* Bill
3/22/60
3
3
3,005
5
5
1
5
4
2,001
1,981
803
32
48
180
10
32
68
190
130
18
8
491
278
245
3
I*
2
107
51
29
58
229
9,561
10/21/59
2,002
5,625
5,070
97
2,007
4-3/4* Note
5/15/64-A
3
1/8/60
4.726* Bill
6/22/60
2/ 2,016
1,504
747
U/
6,938
4,195
2/15/6I-A
ll/15/64-C
4-1/4* Bond
5/15/75-85
470
Note
5/15/62-E
2,211
Footnotes on following page.
2,666
100
7,037
3,011
12/15/59
4/U/60 4*
155
999
2,316
«/5/60
106
3
98
6/22/60
1/15/61
667
«
8/15/64-B
5.067* Bill
15
14
4.783* Bill
10/17/60
28
17
Note
4.860* Bill
33
192
9
227
266
11
5*
11/15/60-C
11/15/63-C
58
54
n.a.
33
10/15/59
Note
n.a.
79
37
n.a.
367
4,184
2/
26
2,969
1,269
3/22/60
7/15/60
(4-7/8* Cert.
2/15/60
|4-7/8* Note
100
50
5/15/63-B
10/1/69
1/15/60
5/15/64-A
1/15/60
5,646
9
1,502
9/21/59
4-3/4* Note
12/2/59
1
884
4.728* Bill
J4-7/8*
38
6
2,738
7/20/59
f4-3/4* Cert.
44
12
5/15/6O-B
7/15/59
11/15/59
25
311
25
23
1,375
109
75
38
1,299
980
7
»
7
587
778
U8
138
91
1,962
10
1
U
1
5
43
130
505
171
261
24
21
8
1
35
28
9
U3
76
5
1
2
17
1
68
98
140
23
118
1,982
8
#
222
235
67
7
1
8
2
2
1,996
7
131
21
175
796
1,634
33
118
567
174
3,656
2,031
1,039
1,207
132
104
120
107
30
56
100
87
25
3
27
»
164
315
1,616
76
13
(Continued on follouing pageT
111
259
216
301
131
1,121
180
43
26
35
397
43
33
7
20
92
16
59
23
33
76
10
7
18
168
167
4
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotmente by Investor Claeses on Subecrlpt ions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 2/ - (Continued)
(In millions of dollars)
Issue
1
December 1961
'^3
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Called or maturing security 1/
Date of
refunding
or retirement
Dlspoaition offers
by Treasury
Issue
date
Deacrlptlon
Amount
outstanding
Caab
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Turned
In for
cash 2/
(In millions of dollars)
2/15/53
l-7/8<f Certificate
3/18/53
1.720^ Bill
1-7/8? Certificate
Bond
2%
Total
6/1/53
6/19/53
1.846)6 Bill
8/15/53
2%
Certificate
9/15/53
2%
-
.
2/15/5 3-A
3/1/52
8,858
3/18/53
10/8/52
2,502
6/1/53-B
6/15/53-55
7/1/52
10/7/40
4,963
725
5,688
8,858
2,502
4,%3
725
5,588
2,003
11/21/52
2,003
8/15/52
2,882
2,882
Bond
9/15/51-53
9/15/43
7,986
7,985
9/18/53
2.383? Bill
9/18/53
6/3/53
800
800
12/1/53
2-1/8? Note
12/1/5 3-A
10/1/52
10,542
500
'2-1/4? Certificate -
2/15/54-A
2/15/53
1-3/8? Note
3/15/54-A
Bond
2?
2-1/4? Bond
2-1/4? Bond
y
V
.
Bond
2?
2-1/4? Bond
2-1/4? Bond
8,175
,748
8,114
8,114
647
360
12/15/49
4,675
4,675
6/15/52-54
6/15/52-55
6/15/54-56
5/26/44
2/25/42
7/22/40
5,825
1,501
681
5,825
1,501
3/22/54-C
7/15/53
5,902
6/15/52-54
6/15/52-55
6/15/54-56
6/25/44
2/25/42
7/22/40
1,743
373
311
1,743
373
311
•
6/1/54-B
6/1/53
4,858
4,858
10,
20,796
5,902
y
7,285
7,285
y
y
6/18/54
.726?
Bill
5/18/54
4/27/54
1,001
1,001
6/24/54
.956?
Bill
6/24/54
3/22/54
1,501
1,501
2-5/8? Certificate
8/15/54-D
8/15/53
2,788
2,788
2-5/8? Certificate
9/15/54-E
9/15/53
4,724
4,724
7,512
7,512
8,175
8/15/54
.
Total
350
0: 237
681
5/17/54
2-5/8? Certificate
724
fe 997
CW
20,796
2-1/2? Certificate
3/22/54
4,410
448
4,858
y
6/19/53
2/15/54
'4,498
12/15/54
1-7/8? Note
12/15/54-B
12/1/53
8,175
2?
Bond
12/15/52-54
12/1/44
8,662
2?
Bond
12/15/51-55
12/15/41
510
Tota
17,347
17,347
'1-5/8? Certificate -
2/15/55-A
2/15/54
7,007
7,007
1-1/2? Note
-
3/15/55-A
3/15/50
5,365
5,355
2-7/8? Bond
-
3/15/55-6O
3/15/35
2,611
2,511
U,983
U,983
2/15/55
Total.
3/22/55
1?
Certificate -
3/22/55-C
8/2/54
3,734
5/17/55
1-1/8? Certificate -
5/17/55-B
5/17/54
3,886
6/22/55
1-3/8? Certificate 1-1/8? Certificate -
6/22/5 5-F
4/1/55
3,210
8/15/5 5-D
8/15/54
8,477
8/1/55
134
y
8/15/53-C
•
8,114
620
3,734
y
3,210
y
3,289
346
553
277
Description of new
security offered
(See also Table i.)
Treasury Bulletin
PUBLIC DEBT OPHIATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
^
December 1961
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
.
Treasury Bulletin
16
PUBLIC DEBT OFHIATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retireoent
Issue
date
Description
Disposition offers
by Treasury
1/
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Exchanged
Description of new
security offered
(See also Table /,)
Turned
in for
cash
^
(In millions of dollars)
3-3/8% Certificate
11/15/59-E
12/1/58
7,711
7,711
I
I
11/15/59-B
3-1/2* Note
11/15/59
^
Total maturities.
t,i
10/10/58
8/15/62-B
9/26/57
Total
2,000
2,000
10,895
10,895
3.565* Bill
12/22/59
5/15/59
1,500
1,500
./1 5/60
3.386* Bill
1/15/60
4/1/59
2,006
2,006 14/
3-3/^4* Certificate
2/15/60-A
2/15/59
11,363
11,363
1-1/2* Note
4/1/60-Bl
4/1/55
198
198
11,561
Note
8/15/62-B
9/26/57
[4.075* Bill
[3.719* Bill
3/22/60
3/22/60
7/8/59
7/8/59
3,005
999
3,005
999
W60
1-1/2* Note
4/1/60-EA
4/1/55
57
57
4/15/60
3.835* Bill
4/15/60
5/11/59
2,003
5/15/60-B
5/15/59
1,269
4*
4*
Certificate
3-1/2* note
5/15/60-A
2/15/57
159 12/
5/15/60-B
1/21/59
I
10/21/59
10/21/59
6/-V60 20/
2-1/2* Bond
11/15/61
2/15/54
7/15/60
4.728* Bill
7/15/60
7/15/59
2,001
8/15/60
4-3/4* Note
8/15/60-C
8/1/59
9,561
1Q/1/60-BO
10/1/55
278
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
12/1/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
10/1/60
1-1/2* Note
lC/3/60 20/
2-1/2*
2-1/2*
a-1/2*
2-1/2*
Bond
Bond
Bond
Bond
Jotal
10/17/60
4.860* Bill
4-3/4* Certificate -
2,002
2.016
12/2/59
2,007
ll/15/60-C
11/15/59
7,037
r
,
2-1/8* Bond
11/15/60
8/15/54
Total.
2,406
r
r
t
2/15/61-A
11/15/64-0
4-7/8* Certificate - 2/15/61-A
- 11/15/54-C
4-7/8* Note
6,938
[4,195
f
of 4-7/8* Certificate
of 4-7/8* Note
1,038
I
1,708
784
}
2,002
2,016
5,787
3,500 23/
1,500 21/
3,893
320
(•4-3/8* Certificate
98
I
|_1,086
6,413
1
.
4-5/8* Note
282
[4-3/8* Certificate
1 4-5/8* Note
246
(4-3/8* Certificate
[4-5/8* Mote
[3,674
12,113
5/15/61-B
5/15/65-A
5/15/6I-B
5/15/65-A
.
5/15/61-B
5/15/65-A
of 4-3/8* Certificate
of 4-5/^ Note
y
y
3-3/4* Note
3-7/8* Bond
5/15/64-D
5/15/68
2,001 18/
5,751
9,561 22/
28
3-1/8* Certificate
h,781 22/ /
\ 3-7/8* Bond
R/l/6i-C
5/15/68
5/15,
24/
278
643
993
3-1/2* Bond
3-1/2* Bond
11/15/80
2/15/90 2i/
[2,343
3-1/2* Bond
11/15/98
271
(3-1/4* Note
[3-3/4* Bond
2/15/62-F
5/15/66
262
[3-1/4* Mote
13-3/4* Bond
2/15/62-F
5/15/66
[9,098
11,213
2,109 25/
r
4,500 25/
6,609
3,979
2,007 18/
6,431
7,037
335
I
)
3,806
3,806
[2,667
1
878
10,844
10,844
10,311
533
3,670
3,268
5.067* Bill
1/15/61
1/15/60
1,504
4-7/8* Certificate
2/15/61
2/15/60
6,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
3,449
3,971
6,755
5,000
2g/{
3,000
2^
19,436
8,000
Footrtotes at end of table.
[4-7/8* Certificate
4-7/8* Note
57
i±_
928
243
f
2,738
1/15/61
3/15/61 2^^
109
L
f
1,269
2/15/61
'2-1/4* Bond
2-1/4* Bond
2-5/8* Note
2-1/2* Bond
370
11,134
I
11/15/60
- 11/15/63-C
of 4-3/4* Certificate
of 4-7/8* Note
[7,037
[3,011
2,003 iS/
12,473
l(Vl7/60
4-7/8* Note
529
y
2,738
6/22/60
6/22/60
ll/15/63-C
1/
2,406
[4.783* Bill
14.726* Bill
H/15/6O-C
159
6,413
'.O
6,829
14,163
I
6/.-
•
4-7/8* Note
529
1,684 12,
5/15/60
3-1/4* Note
1
10,049
11,561
3/22/60
11/15/60-C
11/15/5J-C
[4-3/4* Certificate
223
8,365
[
2/15/60
4-3/4* Certificate
4-7/8* Note
y
12/22/59
-j/15/60
I
457
8,894
f
306
504
1,184
8,894
.
Note
1,184
6,534
871
of 3-1/4* Note
of 3-3/4* Bond
1,504 18/
6,938 26/
(Continued on following page)
[1,296
1,177
1 1,131
2,438
6,041
27,
3-1/4* Note
-
3-5/8* Bond
-
3-3/8* Bond
[2,438 of 3-3/8* Bond
U,604 of 3-5/8* Bond
8/15/62-G
11/15/67
11/15/66
December 1961
Trcasurij Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
Income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the Investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss^ if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations.
21/ Holders of 2-l/2^ Treasxiry bonds maturing November 15, 1%1, were
offered the option to exchange the bonds during the period from June 8,
1960, to June 13, 1960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of #3,5 billion for
the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them In payment or exchange, in whole or in part, for the 3-l/8^ certificates or
the 3-7/856 bonds, which were offered In an aggregate of around 18-3/4.
billion. For detail of offering, see Table 4.
2}/ Excess of maturing 4-3/4;S Treasury notes over allotments of new
securities on subscriptions frco holders of those notes (see Table 4,
footnotes 44 and 46).
24/ Reopening of an earlier issue.
25/ Holders of 2-1/2)6 Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1%9, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1%0, inclusive, the first for 3-l/2i6 bonds of 1980,
the second for 3-1/2^ bonds of 1990, and the other two for 3-1/2* bonds
of 1998, subject to allotment if the combined total of subscriptions
for the bonds of 1990 and 1998 exceeded an outside limit of ;.5 billion.
26/ Holders of the maturing certificates were not offered preemptive rights
to exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-1/436 notes offered
in the amount of around Ib.g billion. For detail of offering, see
Table 4.
Excess
of maturing 4-7/8)6 ceiaificates over allotments of new secxirlties
27/
on subscriptions from holders of those certificates (see Table 4,
footnotes 51 and 52).
28/ From March 20 through March 22, 1961, owners of 2-1/456 bonds of June
15, 1959-62, 2-1/4J6 bonds of December 15, 1959-62, 2-5/8)6 notes
maturing February 15, 1963, and 2-1/2* bonds maturing August 15, 1963»
were granted the option of exchanging their holdings. The first three
were exchangeable for a new 3-5/ti)6 bond due November 15, 1967, and the
last for a new 3-3/8)6 bond due November 15, 1966. Exchanges were
subject to allotment if subscriptions exceeded $5 billion for the
bonds of 1967 or *3 billion for the bonds of 1966.
20/
(Continued)
-
22/
Holders of the maturijig certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the |5,250 mlllioo
offering of 3)6 certificates or the |2,500 million offering of 3-1/4*
notes. For detail of offering, see Table 4.
3.0/
Excess of maturing 4-3/S* certificates and 3-5/8* notes over allotments
of new securities on subscriptions from holders of those certificates
and notes (see Table 4, footnotes 55 and 56).
Note:
Information on retirement of tax anticipation issues referred to In
footnote 3, in millions of dollars;
Date of
:
..
,
December 1961
h3
.UNITED STAEES SAVINGS BOHBG.
Series E and H are the only savings bonds currently
Series E has been on sale since May
being sold.
and Series H has been on sale since June 1, I952.
1,
l<)h\,
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Series
Interest yields, maturities, and other terms appear In the
A-D were sold from March 1, 1935, through April 30, Ijl^l.
Series F and G were sold from Hay 1, l°i^\, through April
Treasury Bulletins of April I95I, May I952, May 1957, Octo-
ber and December 1959,
and May and October I96I.
Table I.- Sales and Redemptions by Series, Cumulative through November 30, 1961
(In mllilons of dollars)
Series
Series A-D 2/
Series E and H
Series F, G, J, and K.
Source:
Accrued
discount
Sales 1/
Amount outstanding
Seles plus
accrued
discount
Redemptions j/
Interestbearing debt
Bfatured debt
17
3,949
108,825
31,951
1,054
16,741
1,228
5,003
125,566
33,180
4,986
81,208
29,525
44,358
3,466
188
U4,725
19,024
163,749
115,719
47,824
205
Footnotes at end of Table 4.
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions 1/
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
j/
Accrued
discount 2/
Interest bearing debt
Matured debt
Fiscal years:
128
55 ,686
1,216
1,226
1,228
1,240
1,286
59,430
7,251
7,846
8,958
8,54^
7,249
8,557
5,819
6,487
7,018
8,055
7,368
6,377
7,542
5,038
S2Z
903
1,175
872
1,015
781
110,772
6,276
5,517
4,605
4,689
4,320
4,350
10,464
1,216
1,217
1,216
1,235
1,221
1,262
121,236
7,491
6,734
5,821
5,924
5,541
5,612
62,878
7,301
8,264
9,630
7,255
8,772
6,732
58,776
6,518
7,419
8,674
6,450
7,763
5,851
4,102
783
846
956
805
1,009
881
58,672
57,924
56,293
52,474
51,192
48,154
47,159
686
494
368
456
416
435
129
100
99
584
515
534
559
448
489
472
383
423
86
65
66
47,243
47,327
47,395
310
294
270
348
371
370
97
99
128
446
470
498
433
436
455
374
377
393
59
59
63
47,420
47,461
47, 5U
258
251
240
July
August
September
342
393
135
477
102
61
60
100
362
378
358
58
47,574
47,640
47,670
234
225
219
339
495
439
423
438
415
370
358
101
406
349
330
57
53
47,743
47,824
210
October.
November.
1955 4/
1956
1957
1958
1959
1960
1961
Calendar years:
1935-1954
1955
1956
1957
1958
1959
1960
107,775
6,473
5,846
4,881
4,670
4,506
4,307
4,464
9,844
1,231
1,2U
Months
1961- January.
February.
March. ...
.
April
May
June
.
Source:
58,061
58,365
57,497
54,622
51,984
50,503
47,544
117,620
7,704
7,060
6,097
5,896
5,734
5,547
5,749
1935-1954 y...
.
102
471
460
in the Office
Daily Treasury statement; Office of Debt Analysis
of the Secretary.
383
•Jbi,
Footnotes at end of Table 4.
47, 5U
277
360
374
364
331
280
240
686
624
725
734
205
.....
,
Treasury Bulletin
50
.UWITED STAIES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Salea
i/
Accrued
discount
Redemptions
Sales plus
accrued
discount
Sales
price
j/
Amount outstanding
1/
Accrued
discount
^
Interest-bearing
debt
Series E and H combined
Fiacal yaara:
1941-1954 i/..
1955
1956
1957
1958
1959
V
1%0
1961
Calendar years:
1941-1954
73,979
5,225
,260
,613
,670
,506
,307
.464
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
44,558
4,544
4,730
5,176
5,187
5,107
4,627
42,058
3,911
4,069
4,444
4,129
4,310
4,616
3,906
46,744
4,652
4,832
5,469
4,856
5,519
4,996
5,502
,500
633
661
732
37,482
39,285
40,929
41,498
,058
42, U2
797
886
721
42,716
42,715
43,806
43,946
3,998
4,162
4,686
4,129
4,636
4,202
2,798
654
670
783
727
883
794
38,233
40,063
41,398
41,578
42,589
42,559
43,137
80
61
62
43,278
43,416
43,536
56
56
43,607
43,703
43,806
76,352
5,368
5,043
4,507
4,689
4,320
4,350
8,626
1,113
1,124
1,178
1,169
1,224
84,977
6,481
6,167
5,649
5,867
5,489
5,574
456
416
435
126
98
97
441
375
412
360
513
532
95
June
348
371
370
97
126
443
468
495
372
372
392
316
316
333
July
August
September
342
393
339
132
100
98
474
493
437
357
378
361
300
321
306
55
43,922
44,037
44,113
October.
November.
370
358
98
100
468
458
350
331
296
280
54
50
44,232
44,358
1955
1956
1957
1958
1959
1960
Months:
I961-J8nuary.
February.
March
April
»toy
.
.
1,U3
3U
350
Series F, G, J, and K combined i/
Fiscal years:
1941-1954 i/-1955
1956
1957
1958
1959
1960
1961
V
Calendar years:
1941-1954
29,848
1,249
586
268
30,472
907
475
98
1955
1956
1957
1958
1959
1960
729
108
100
83
65
30,577
1,357
686
54
352
65
54
46
46
32
32
784
103
92
74
58
52
38
31,256
1,010
567
172
58
52
38
9,942 b/
2,692
3,105
3,774
3,350
2,137
3,049 2/
1,188 2/
11,198 i/
2, bib
3,422
4,153
2,395
3,246
1,732 2/5/
Months:
1%1-January.
117 8/
February.
March.
.
.
April
May
June
July
August
September
.
.
October.
November.
.
9,734
2,565
2,941
3,605
3,235
2,063
2,921
1,129
10,932
2,510
3,250
3,982
2,318
3,122
1,646
60
58
58
...
.
,
December 1961
51
.WTTED STATES SAVINGS BONDS.
Table 3.
Sales and Redemptions by Periods, Series B throuRh K
(Continued)
(In millions of dollars)
Sales 1/
Accrued
discount
Redemptions
Sales plus
accrued
discount
Sales
price
j/
2/
Accrued
discount
Exchanges of
E bonds for
H bonds
2/
Aaount
outstanding
(IntereotbearinjC debt)
Series E
Fiscal years:
1941-1954 i/.
1955
1956
1957
1958
1959
1960
1961
V
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
42,027
3,857
3,961
4,248
3,893
4,092
4,295
3,673
2,500
633
661
732
1,058
797
886
74,843
4,192
8,626
1,113
1,124
83,468
46,690
4,572
4,689
5,220
4,658
5,225
4,729
43,892
3,918
4,018
4,437
3,931
4,342
2,798
654
670
783
727
883
3,935
794
721
36,458
37,186
37,898
37,%9
201
188
38,067
38,040
37,456
37,817
Calendar years:
1941-1954
1955
1956
4,U2
304
266
018
979
767
856
36,778
37,510
38,087
37,885
38,206
37,748
37,597
3,875
3,802
3,598
3,632
1,U3
353
335
353
126
98
97
423
343
358
390
297
450
328
80
61
62
289
308
306
95
97
126
384
405
431
354
351
373
298
296
56
56
June
313
60
July
August
September
276
329
284
132
100
98
408
429
382
337
357
340
279
300
285
58
58
55
17
15
37,871
37,926
37,953
October.
November
.
302
329
312
275
261
54
292
98
100
401
.
19
17
38,005
38,069
1957
1958
1959
1960
Mont ha:
1961-J8nuary.
February.
March.
.
.
April
May
.
.
1,178
1,169
1,224
479
433
392
Series H
Fiscal years:
50
22
17
22
15
16
18
17
37,630
37,687
37,725
37,739
37,776
37,817
..
Treasurij Bulletin
52
.nNITH) STATES SAVINGS BONDS.
Table 4.- Redempt lone of Matured and Unmatured Savings Bonds
(In millions of dollars)
Total
Fiscal years:
1951
1952
1953
Unclassified
V
Series E and H
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
5,651
5,074
772
1,015
2,318
3,171
3,393
4,701
3,033
254
968
1,328
500
047
891
084
691
433
944
559
448
489
216
223
261
156
142
187
60 3/
433
436
455
207
U9
134
189
July
August
September.
423
438
415
140
218
October.
November.
406
227
383
144
195*
1955
1956
1957
1958
1959
1960
1%1
Other
2/
940 8/
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
518
4,9U
3,817
47
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,0%
2,882
2,464
2,976
2,920
3,322
3,091
3,445
81
74
266
247
298
248
226
283
20
14
-70
UO
59
37
50
267
266
245
250
250
227
17
16
18
-^1
36
21
102
160
130
38
59
44
228
288
240
213
272
222
14
16
17
-69
171
108
56
36
342
310
213
3}
14
779
90
633 i/
1,260 6/
2,115
2,345
2,U4
1,824
1,625
1,322 2/
1,042
1,012
904
874
619
682
1,526
1,5U
543
1,356
283
19
1
•
179
-a;
116
185
75
-150
-210
-212
Calendar years:
1951
1952
1953
1954
1955
1956
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
6,732
1957
1958
1959
1960
4,230
4,246
4,156
990^
1,672
2,183
2,355
2,072
1,702
2,268 2/
1,089 2/ S/
3,1U
1,097
929
917
-35
593
757
-595
120
266
689
979
1,886
750
1,075
825
3A
31
22
-U9
-239
Months:
1961-JanuBry.
February.
.
March
April
Uey
June
.
.
.
.
174
97
Dally Treasury statement; Office of Debt Analysis In the Office
Source:
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are Included at Issue
price, and redemptions and amoxints outstanding at current redemption value.
Series G, H, and K are Included at face value throughout. Matured bonds
which have been redeemed are included In redemptions. Matured F and
bonds outstanding are incladed in the interest-bearing debt until
all bonds of the annual series have matured, and are then transferred
to matured debt upon which Interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2) Series F and J bonds for Series H bonds beginning
January 1960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
Details
by series on a cumulative basis and by periods for Series A-D
2/
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there Is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discount has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
metnod of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
i/
^
V
2/
Q/
^
•
227
18
76
-22
55
2
-163
12
reports of classified redemptions. All periods shown have been
revised on this basis.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K bonds in July 1954 to compensate for the erroneous Inclusion
of reissue transactions In June 1954 as reported in the dally Treasury
statement. The amounts involved were as follows:
$18 million for
Issues of Series E and H, $17 million for issues of Series F, G, J,
and K, and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for Treasury
3-1/4* bonds of 1978-33.
Includes the December 1959 exchanges of Series 1948 F and G bonds
for 4-3/45C marketable notes of 1964.
Includes the December I960 exchanges of Series 1949 F and G bonds
for A% marketable bonds of 1969, of which $145 million were reported
in December 1960, and $3 million In January 1961.
Represents changes In the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
1
.,.
December 1961
53
.OWNERSHIP OF FEDERAL SECURITIES,
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Intereat-bearing securities
by the U. S. Goveminent
Total
Federal
securities outstanding
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
outstanding
Total
271,341
274,418
272,825
270,634
276,444
268,910
271,741
269,883
268,486
274,698
284,817
285,471
289,211
1960-Deceiiiber..
1961-J8nuary.
February.
Public
issues
Special
issues
49,340
50,536
53,470
55,501
55,842
7,111
7,286
8,356
8,674
9,596
42,229
43,250
281,833
283,241
285,672
54,554
55,259
56,002
290,373
286,820
290,196
290,740
287,682
286,651
287,190
284,058
June
288,206
290,371
289,211
July
August ...
September
October.
1/
1954
1955
1956
1957
1958
:^59
•oO
L
Ol
.
March
April
May
.
1/
^
Held by private
investors 2/
Held by
Federa
Reserve
Banks public
Issues
Public
marketable
issues
Public
honmarketable
issues
45,827
46,245
194,533
197,598
192,655
189,949
193,418
121,771
127,875
125,304
127,179
134,593
72,762
59,723
66,351
52,770
58,825
80
43
73
105
101
9,799
10,360
10,959
44,756
44,899
45,043
25,044
26,523
27,253
201,235
201,459
202,417
U4,983
U9,546
151,392
56,252
51,913
51,025
54,985
10,639
44,346
27,384
204,451
153,515
50,935
54,485
54,404
54,788
10,651
10,677
10,788
43,824
43,727
44,001
26,570
26,567
25,688
205,595
206,119
202,581
154,504
155,077
151,525
284,631
286,845
285,672
53,877
55,429
56,002
10,855
10,926
10,959
43,012
44,503
45,043
26,772
26,887
27,253
203,982
204,529
202,417
292,643
293,964
294,020
288,998
290,659
290,773
55,128
56,383
8U
10,931
10,810
10,807
44,198
45,573
45,007
27,422
27,697
27,799
295,959
292,709
54,897
11,006
43,890
28,268
55,
45, lU
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Goremment
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain obligations not subject to statutory limitation.
For amounts sub,iect to limitation, see page 1.
Includes accounts under the control of certain U. S. Govemment
Table 2.
^
^
»
3
25
50
Held by
private
Investors
80
41
48
Matured
debt
and
debt
bearing
no
Interest
2,351
2,634
2,869
2,042
1,546
54
56
46
240
63
79
87
153
2,873
3,090
3,300
74
3,397
50,992
51,041
51,055
159
195
210
83
86
85
75
108
125
3,386
3,356
3,414
152,985
153,543
151,392
50,997
50,986
51,025
218
225
240
88
86
87
131
139
153
3,357
3,301
3,300
206,448
206,579
207,150
155,379
155,063
155,741
51,069
51,515
51,419
237
248
270
87
88
94
151
161
177
3,407
3,057
2,978
209,545
158,378
51,165
298
112
187
2,952
110
139
47
60
agencies whose investments are handled outside the Treasory.
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.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Less than t500,000.
Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury h'
(In millions of dollars; negative figures are net sales)
Year
Held by
Total
U. S.
outGovemment
standing Investment
accounts 2/
25,037
23,507
23,758
23,035
25,438
orce:
2/
Interest-bearing securities guaranteed by the U. S. Govemoent
6
... .
a
8
.
Trcnsurii Bulletin
5^^
,
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Bstlma ted Ownership of Federal Securities
(Far
vtjlues
1/ in billions of dollars)
Held' by private nonbank Investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
1939-Dec
U.
S,
Individuals ^/
Commer- Federal Government
cial
Reserve Investment
banks
accounts
Banks
Savings bonds
Series
E and H
y
.
47.6
18.4
15.9
2.5
5.5
22.7
ig-VO-June.
48.5
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.5
22.8
23.9
10.1
10.6
1941- June.
55.3
64.3
21.8
23.7
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
77.0
112.5
28.7
47.3
26.0
41.1
2.5
5.2
10.6
12.2
37.7
53.0
17.8
140.8
170.1
59.,
71.^
52.2
5Q.Q
7.2
11.5
14.3
15.9
202.6
232.1
83.!
68.4
77.7
14.
18.8
259.1
278.7
106.0
115.0
84.2
21.8
24.3
1946-Fcb. 8/.
June ....
Dec
279.8
269.9
259.5
116."
108.2
Q7.0
Q3.8
1947-June
258.4
257.0
°1.9
91.3
1948- June
Dec
252.4
252.9
i949-June
Other
Series
y
other Insurance
secu- companies
rities
Uutual
Corpora,
savings
tlons
banks
^
State and
local
governments
1.9
8.2
6.3
3.1
2.2
.4
2.5
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.2
3.4
4.2
7.1
8.2
3.4
1.1
7.6
8.2
3.7
2.0
4.0
.6
.7
5.4
6.5
8.7
23.7
3.7
6.9
10.3
9.2
11.3
3.9
4.5
4.9
10.1
1.0
67.0
81.7
30.9
37.6
11.3
15.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
2.1
19.1
100.2
lU.O
46.1
53.3
21.1
25.5
10.1
10.7
U.9
21.7
17.1
17.3
19.6
7.3
8.3
20.2
21.4
4.3
24.9
27.0
128.2
136.6
59.1
54.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
54.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
5.5
6.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
30.8
31.0
U.7
21.1
15.2
19.4
24.6
23.9
12.1
12.0
13.7
65.7
7.1
7.3
S5.a
85.8
6*.
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.5
62.5
U.8
7.8
7.9
252.8
257.2
82.4
85.7
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
56.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
15.8
8.0
3.1
257.4
256.7
83.9
82.5
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
57.4
66.3
34.5
34.5
15.4
15.1
17.5
16.7
19.8
18.7
11.5
10.9
18.4
Dec.
19.7
8.7
8.8
1951-June.
Dec.
255.3
259.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
55.4
64.5
34.5
16.3
15.5
17.1
16.5
10.2
20.1
9.8
20.7
9.4
9.5
1952- June.
259.2
267.4
84.0
88.1
61.1
53.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
U.6
U.4
U.l
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
1953-'"ne.
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
64.8
35.0
36.7
13.2
12.7
15.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
1954
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
8.8
15.6
19.2
13.9
19?-
274.4
280.8
87.1
86.8
53.5
50.5
51.7
136.7
39.3
40.1
10.9
10.2
15.0
W2.3
65.0
65.0
U.8
62.0
23.6
24.8
14.
U.6
8.7
8.5
18.8
23.5
15.1
1956— uni;.
Dec
272.8
276.7
81.0
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.7
40.9
41.4
9.4
8.7
16.3
15.6
13.6
13.2
8.4
8.0
17.7
19.1
15.7
16.1
1957-June.
270.6
275.0
79.2
56.2
59.5
23.0
135.9
136.1
63.6
41.5
41.6
7.6
5.5
16.4
15.4
12.7
24.2
55.6
55.2
65.5
83.7
12.5
7.9
7.6
15.8
18.6
16.9
17.0
276.4
283.0
90.7
93.9
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.1
62.8
42.1
42.5
5.9
5.2
15.1
15.1
12.2
12.7
7.4
7.3
U.8
18.8
16.9
16.7
284.8
290.9
87.6
86.9
61.5
60.3
26.0
26.5
54.6
53.7
M2.5
150.3
65.6
68.5
42.6
42.4
4.5
3.5
18.6
Dec.
22.6
12.6
12.5
7.3
5.9
20.7
22.6
16.7
17.7
1960- June.
286.5
55.3
26.5
55.3
U9.3
59.2
42.5
3.1
23.6
July.
Aug..
Sept.
288.5
288.8
288.6
84.2
84.2
85.6
57.4
57.5
58.6
26.9
26.8
27.0
54.8
55.9
55.5
U9.4
U8.6
U7.4
68.8
68.5
68.7
42.5
42.5
42.7
3.0
3.0
2.9
23.2
22.9
23.1
12.0
12.0
12.0
6.5
5.5
5.5
21.1
20.4
19.3
17.9
17.7
17.4
Oct.
Nov.
Dec.
290.6
290.6
290.4
88.8
88.7
89.5
61.4
51.2
52.1
27.4
27.5
27.4
55.0
55.4
55.1
U6.9
67.5
57.6
56.8
42.7
42.8
42.9
2.9
2.8
2.7
21.9
21.9
21.2
11.9
11.9
11.9
5.4
6.3
6.3
20.1
20.6
19.7
17.3
17.2
17.0
1961-Jan.
Feb.
Mar.
290.2
290.7
287.7
89.3
88.6
86.4
62.7
61.9
59.7
26.6
26.7
26.7
54.6
54.5
54.9
66.9
67.0
67.2
43.1
43.2
43.3
2.7
2.7
2.6
21.1
21.2
21.3
11.9
11.8
11.7
6.3
6.4
6.6
20.1
21.2
19.5
17.1
17.3
17.4
88.5
89.0
89.8
61.7
62.1
62.5
26.8
26.9
27.3
55.2
55.0
55.7
43.4
June.
288.2
290.4
289.2
43.6
2.6
2.5
2.5
20.3
20.0
19.7
11.5
11.6
11.4
5.3
5.3
6.3
20.5
21.2
19.4
17.2
17.1
17.3
July
Aug
Sept
292.6
294.0
294.0
92.9
92.8
94.4
65,5
65.1
56.5
55.2
56.5
55.9
U4.7
U3.7
65.9
66.2
66.1
43.7
43.8
43.9
2.4
2.4
2.4
19.8
27.7
27.8
20.0
19.8
11.5
11.5
11.5
6.3
6.3
6.3
19.8
20.2
19.0
17.1
Oct. p...
296.0
95.5
67.3
28.3
55.0
U5.4
66.1
44.0
2.4
19.8
11.6
5.2
19.9
17.3
.
Dec.
1942- June.
Dec.
1943-June.
Dec.
1944- June.
Dec.
1945-June.
Dec.
Dec
Dec
1950-June.
Dec.
.
Dec.
1958- June.
Dec.
1959- June.
April.
May...
84.4
90.8
84.'.
27.4
146.4
U5.8
U6.4
147.7
U6.4
54.0
U5.7
55.5
145.8
56.1
U3.3
144.5
Source:
Office of Debt Analysis In the Office of the Secretary.
2/ 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.
2/ Consists of commercial banlts, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
34.7
43.5
U.l
5.6
.5
.9
1.5
3.2
U.4
U.7
18.1
17.3
17.2
§/
Includes partnerships and personal trust accounts.
Discontinued serlec. See savings bonds tables.
Exclusive of banks and Insurance companies.
Includes savings and loan associations, nonprofit institutions,
corporate pension trust funds, dealers end brokers, and investments
of foreign balances and international accounts in this country.
Innediate postwar debt peak.
p
Prelimlnarj-.
i/
^
^
2/
December 1961
55
.TREASintr SUBTEY OF OWNERSHIP,
The monthly Treasury Survey of Ownership covers
securities Issued by the United States Government and
by Federal agencies.
Of all such Beourltles held by the
respective classes of Investors In the United States, the
banks and Insurance companies Included In the Survey
account for about 95 percent and the corporations and
savings and loan associations Included In the Survey about
half. Data for banks and Insurance companies were first
published for March 31, ig^tl. In the Hay 194l Treasury
Bulletin.
XTOBER 31,
1961,
associations were added to the Survey for June i960,
appearing In the September i960 Bulletin, together with
corresponding data for a few prior months.
Holdings by commercial banks distributed according
to Federal Reserve member-bank classes and nonraember banks
are published for June 30 and December 3I.
Holdings by
corporate pension trust funds are published for quarterly
dates beginning with December 3I,
appeared In the March
I95I*
191*9.
Bulletin.
Data for corporations and savings and loan
Section
I
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
They first
.
Treasury Bulletin
56
.TKEASDRI
SDWEI OF OdHERSBIP , OCTOBER 31, 1%1
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securlt les^by Issues
(Par values - In millions of dollars)'
Held by Investors covered In Treasury Survey
Total
amount
outstanding
6,248
Connerclal
banks
Insurance companies
512
mutual
savings
baiUcs
305
life
2/
Treasury bills:
Regular weekly:
November
February
Tax anticipation:
March
1961 - January 1962
1962 - April
1962
21,320
7,798
3,144
1,164
89
23
158
21
3,503
2,511
1,349
1,594
2
15
5
6
13
18
18
10
June
1962
1962
January
April
July
October
1%2
l,5Ce
1962
1962
1962
2,000
2,004
2,003
187
443
659
989
518 fire,
casualty,
and
marine
489
savings
and loan
assocla
tlons
160
51
45
11
U, S. Govern-
488
corporations
ment Investment accounts
and Federal
Reserve Banks
2,225
982
1,827
1,181
3
3
,169
127
317
52
7
13
12
12
83
215
194
207
202
308
176
123
5,391
3,996
Other:
Total Treasury bills
1
U
12
11
11
3
2
42,641
9,530
226
239
Certificates of indebtedness:
Say
1962-A
5?
5,509
1,976
15
54
Treasury notes:
February3-5/8*
February
4
February
3-1/4
1962-A
1962-D
1962-F
647
1,435
9,098
219
586
1,903
4
43
1
17
46
56
26
55
Uay
August
August
1962-E
1962-B
1962-G
2,211
158
7,325
980
80
1,654
64
1
111
November
November
February
1962-C
1962-H
196 3-A
6,082
2,839
May
May
196 3-B
1,743
7U
71
»
31
31
3-1/4
1%3-D
4-7/8
November
1963-C
5,047
3,011
2,733
1,078
66
156
32
9
28
86
73
33
29
3-3/4
4-3/4
May
May
2,073
570
318
7
157
51
51
70
20
94
94
15
August
3,893
4,933
2,316
87
5
1964-D
1964-A
1964-B
23
14
31
54
3-3/4
4-7/8
4-5/8
August
November
1964-E
1964-C
2,038
87
18
1965-A.
93
148
158
53
May
5,019
4,195
2,113
1-1/2
1-1/2
1-1/2
April
October
April
1%2-EA
1962-EO
1963-EA
551
590
533
105
183
267
1-1/2
1-1/2
1-1/2
October
April
October
1963-0)
1964-EA
1964-EO
506
457
490
289
264
209
1-1/2
1-1/2
1-1/2
1-1/2
April
October
April
October
1%5-EA
1%5-EO
466
174
177
165
9
23
315
675
17
67,807
21,863
1,435
551
1,157
639
2,571
21,212
3,964
2,271
1,485
1,550
959
1,334
43
17
8
12
»
173
108
26
25
18
579
lU
1
5
458
387
»
6,%3
3,112
553
2,829
114
89
44
62
211
95
198
56
31
21
775
9
97
69
168
4,317
1,818
3,854
2,637
605
2,331
660
195
159
431
118
65
151
66
102
84
12
54
52
2
225
146
447
622
3,694
367
289
121
198
117
Ul
80
34
178
303
111
139
48
37
28
63
59
77
85
144
4
4
3-1/4
3-3/4
3-1/4
2-5/8
4
1,U3
1966-EA
1966-BO
Total Treasury notes
625
952
1,960
835
702
4
11
31
10
12
12
10
20
»
1
5
5
23
109
1
77
184
3,676
70
32
65
24
16
31
12
258
60
41
3,370
146
61
49
64
221
245
102
9
55
74
96
16
233
24
11
85
35
27
94
1
3
2-1/2
2-1/2
2-1/2
November
June
August
1961
1962-67
1963
2-1/2
1963-68
2-1/2
December
February
June
2-1/2
2-5/8
2-1/2
December
February
March
1964-69
1965-70
2,556
6,896
2,432
2-1/2
3-3/4
March
May
August
1,422
1,213
1,484
137
607
798
137
33
45
123
7
3
1966-71
1966
1966
2
77
29
34
3-3/8
2-1/2
2-1/2
3-5/8
November
June
September
November
1966
1967-72
1967-72
1967
2,438
1,402
1,763
2,716
3,604
221
1,138
1,301
49
130
136
151
15
79
22
43
84
42
112
132
3
1964
1964-69
1%5
Footnotes at end of Table 4.
,
1,464
U
39
13
33
1959-62
1959-62
1960-65
,
55
4
59
68
1
»
28
9
6
(Continued on following page)
152
1
19
3
85
21
4,852
40
Treasury bonds:
June
2-V4J8
2-1/4
December
December
2-3/4
U/
48
50
552
7
40
28
1
4
13
29
24
35
21
2
46
37
1,798
50
U
4
170
4
69
969
160
279
2,833
191
1,698
2,292
352
25
32
510
821
756
378
116
134
18
4
1
20
114
181
344
712
December 1961
Treasury Bulletin
53
.TREASURY SURffET OF OWNERSHIP, OCTOBER 31, 1961,
Section
II
-
Interest-Bearing? Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
{Par values - In millions of dollars)
Footnotes 1 through 10 on preceding page.
ly/ Includes guaranteed securitiea which ere classified as taxable
although a small indeterminate amount of the Federal Housing
Administration debentures is partially tax-exeanpt.
The Treasury bonds of l<^D-b5 wre partially taif-exetnpt
(see footnote 10).
December 1961
59
.MARKET QUOTATIONS ON TPEASHRY SECURITIES, OCTOBER 31, 1961
Current market auotatlons shovm here are over-the-
counter closing bid quotatlonE In the Hew York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
marketable securities Issued by the United States GovernOutstanding Issues which are guaranteed by the
ment.
United States Sovernment are excluded because they are
not regularly quoted in the market.
The securities listed Include all regularly quoted public
Table 1.- Treasury Bills (Taxable)
Amount outstanding (millions)
60
Treasury Bulletin
.MARKET QUOTATIONS ON TEEASDBY SECURITIES, OCTOBER 31, 1961
Table 4.- Taxable Treasury Bonds
December 1961
61
MAKJCKl'
o
QUOTATIONS ON TREASURY SECURITIES, OCTOBER 31, 1961
. .
,.,.
...
.
,
.....
.
.,
..
....
,
62
Treasury Bulletin
.AVERAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds i/
Moody's Aaa
corporate
bonds
Treasiiry
bonds X/
Annual series
1942
1943
1944
1945
1946
1947
1948
2.46
2.47
2.48
2.37
2.19
1953-AprH
2.97 2/
2.25
2.44
1949.
1950.
1951.
1952.
1953.
1954.
1955.
3.23
3.34
3.40
1956- April.
May...
June.
Treasury
bonds 1/
Moody's Aaa
corporate-
bonds
calendar year averages of monthly series
-
2.83
2.73
2.72
2.62
2.53
2.61
2.82
Uoody's Aaa
corporate
bonds
2.31
2.32
2.57
2.68
2.94
2.55
2.84
Monthly series
-
2.66
2.62
2.86
2.96
3.20
2.90
3.06
1956.
1957.
1958.
1959.
1960.
3.08
3.47
3.43
4.08
4.02
4.38
4.41
4.01
4.08
4.09
4.23
4.37
4.46
3.36
3.89
3.79
averages of daily series
3.07
2.97
2,93
3.24
3.28
3.27
July
August ....
September.
3.00
3.17
3.21
3,28
3.43
3.56
July
August
September,
4.11
4.10
4.26
4.47
4,43
3.16
3.11
3.13
October. .
November
December.
3.20
3.30
3.40
3,59
3.69
3,75
October.
November.
Dacember.
4.11 J/
4.12
4,27
4,57
4,56
4,58
2.69
2.62
2.53
3.06
2.95
2.86
1957-January.
February.
3.34
3.22
3.26
3,77
3.67
3.66
1960-January.
February.
March
March
4,37
4,22
4,08
4.61
4,56
4.49
2.48
2.54
2.55 2/
2.85
2.88
2.90
April.
May...
June,
3.32
3.40
3.58 2/
3.67
3.74
3,91
April.
May...
4.18 2/
4.16
June.
3,98
4.45
4,46
4,45
July
August
September,
2.47
2.48
2.52
2.89
2.87
2.89
July
August
,
September,
3.60
3.63
3.66 2/
3.99
4,10
4,12
July
August ....
September.
3,86
3.79
3.84 2/
4.41
4.28
4.25
October.
November.
December.
2.54
2.57
2.59 a/
2.87
2.89
2.90
October.
November.
December.
3.73
3.57 2/
3.30 i/
4.10
4.08
October.
November.
December.
3.91
3.93
3.88
4.30
4.31
4.35
1955-Janu8ry.
February.
March
2.68 2/
2.78
2.78
2.93
2.99
1958-January. ..
February.
3.89
3.81
3.78
4.32
March
3.60
3.59
3.63
1961-January.
February.
3.02
3.24 2/
3.28
3.25
2.82
2.81
2.82
3.01
3.04
3.05
April.
May...
3.12
3.14
3.20 2/
3.60
3.57
3.57
April
May
June.
June
3,80
3.73
3.88
4.25
4.27
4.33
July
August .
September.
2.91
2.95
2.92
3.06
3.11
3.13
July
August ....
September.
3.36
3.60
3.75
3.67
4.09
July
August
September.
3.90
4. 00
4.02
4.41
4.45
4.45
October.
November
December.
2.87
2.89
3.10
3.10
Oc tober
October.
3.98
4.42
3.15
3.76
3.70
3.80
4.
2.91
2.88
2.85
2.93 i/
3.11
3.08
3.10
May
June
3.11
3.13
July
August ...
September
2.98
3.28
3.24
3.29
October.
November
December.
2.83
2.86
2.79
1954-January.
February.
March, ...
April
May
June
.
.
.
.
.
April
May
June
.
.
.
.
1956-January.
February.
March
.
3.02
3.02
y
y
.
.
,
.
. .
November.
December.
1959-January.
February
March.
.
Weekly series
1961-May
.
-
y
1959-April.
May...
June,
.
,
.
.
.
3.81
.
March
3.85
4.
4.
3.91 2/
3.92
3.92
averages of daily series for weeks ending
.
-
.
.
.
4.52
4.27
4.22
December
1961
63
.AVHIAGE YIELDS OF LONG-TERM BONDS.
to
I-
I
o
^
<»
«>
o
2
I
UJ
O
(£
UJ
a.
ID
.
Treasury Bulletin
.
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
Fiscal
year
or month
Budget
receipts from
Internal
revenue
1954
1955
1956
1957
1958
70,299,652
66,288,692
75,109,083
80,171,971
79,978,476
1959
1960
1961
79,797,973
91,774,803
1961-Jan.
Feb.
Mar.
5,168,694
8,847,264
11,590,743
94,3%,478p
Adjustment of
collections
to budget
receipts %/
+364,672
-3,566
-4,608
V
Total collections reported
by Internal
Revenue Service
Individual income tax and employment taxes
Corporation
income and
profits
taxes
Individual
income tax not
withheld 2/
Individual
income tax
withheld 2/
Old-age and
disability
insurance J/
4,218,520
5,339,573 i/
6,336,805
6,634,467
7.733.223
ret ire-
ment
Unemployment
insurance
605,221
600,106 i/
634,323
616,020
575,282
283,882
279,986
324,656
330,034
335,880
525,369
606,931
570,812
324,020
341,108
345,356
37,869,770
42,633,426
46,610,293
47,212,944
10,736,578
10,396,480
11,321,966
12,302,229
11,527,648
22,077,113
21,253,625 i/
24,015,676
26,727,543
27,040,911
18,091,509
22,179,414
21,764,940
49,588,488
56,104,300
58,655,452
11,733,369
13,271,124
13,175,346
29,001,375
31,674,588
5,168,694
8,847,264
11,590,743
533,550
444,362
5,798,996
3,546,607
7,381,077
4,519,130
2,156,062
875,692
848,674
1,345,659
6,139,136
3,607,801
12,842
32,045
77, U2
289,106
47,953
U,702
6,623,896
9,389,672
12,022,815
492,776
411,293
5,245,769
5,055,6U
3,828,929
1,156,593
1,943,583
1,210,457
6,483,083
3,580,056
U,285
44,527
1,943
2,293
1,099
245,119
160,611
84,163
55,296
710
865
635
1,306
775
69,934,980
66,288,692 {J
75,112,649 5/
80,171,971
79,978,476
21,546,322
18,264,720
21,298,522
21,530,653
20,533,316
79,797,973
91,774,803
94,401,086
37,921,3W
y
8,004,355
10,210,550
11,586,283
Apr.
May.
June
6,623,896
9,389,672
12,018,207p
July
Aug.
Sept
3,427,747
8,373,396
9,945,359
3,427,747
8,373,396
9,945,359
519,563
382,280
3,250,550
1,785,961
6,635,584
5,563,577
2,017,U5
1,525,870
6,389,944
3,490,501
Oct.
3,506,919
3,506,919
407,784
1,854,657
216,452
1,636,124
-4,608
Railroad
7,719,231
5,569,265
77,262
14 ,261
1
December 196
65
.
INTERNAL REVENUE COLLECTIONS
,
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS,
DOLLARS
Billions
Billions
58
DOLLARS
Billions
_
Corporation Income
and Profits Toxes
24
58
24
56
22
22
54
54
20
20
52
52
IB
18
50
50
16
16
48
48
14
14
46
46
12
56
.
Individual Income Tax and
Employment
.
Toxes'*''
12
!
44
44
10 ^
10
42
42
8^
8
40
40
6
6
38
38
4
36
36
2
34
34
32
32
30
30
28
28
26
26
24
24
22
22
20
20
18
18
1948
4
2
16
14
14
12
m M M'^m
1948
50
52
54
56
V
4
•>
66
Treasury Bulletin
.UHTKHNAL REVENIXE COU^CTIONS.
Table 2.- Detail of Excise Tax Collections
(in thousands of dollars)
Type of tax
December 1961
67
INTERML REVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(Continued!
(In thousands of dollars)
_^
First quarter of
fiscal year
Fiscal year
Type of tax
1959
1961
1962
(July-Sept. 1960) (July-Sept. 1961)
1960
Miscellaneous excise taxes:
Admissions to theaters, concerts, etc
Admissions to cabarets^, roof gardens, etc
Club dues and initiation fees
Toll telephone service, telegraph, cable, radio, etc.
wire mileage service, \jire and equipment service....
Genera 1 telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property (including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed
Sugar
Diesel and special motor fuels 2/
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 j/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
^
^
^
^
Total miscellaneous excise taxes
Total received with returns and from sale of stamps....
Undistributed depositary receipts 7/
Unapplied collections
Total excise taxes
49,977
45,117
64,813
34,494
49,605
67,187
36,679
33,603
64,357
9,248
9,119
18,122
10,133
8,759
19,036
292,412
398,023
7,962
227,04^
143,250
6,142
1,689
86,378
52,528
969
5,888
11,006
3,403
566
6,221
312,055
426,242
50
255,459
3,140
6,378
389
89,856
71,869
1,076
5,348
14,989
3,670
560
6,084
343,894
483,408
387
264,262
1,306
6,581
85,920
122,155
91,818
88,856
1,107
5,535
18,375
4,317
641
6,682
521
1,6CE
53
23,169
21,334r
258
2,953
11,034
2,278
274
1,642
87,135
122,603
8
69,059
166
1,642
32,532
38,333
45,575
32,920
2
2
2
29
44
51
1
24,821
25,311
260
2,581
9,171
2,409
250
1,607
41,080
16
22
408,503r
426,068
1,435,953
1,386,829
1,497,526
10,693,198
11,765,097
12,145,245
3,185,587
3,158,207
65,771
98,007
-81,639
-44,910
-4,132
580
1,637
696
-722
2,187
10,759,549
11,864,741
12,064,302
3,139,955
3,156,261
Internal Revenue Service reports. See also Table 1.
Source:
The figures shown include collections for credit to special accounts
for certain island possessions. Floor stocks taxes are included with
the related classes of tax.
\/ Full detail on a monthly basis is available from the Internal Revenue
Service.
Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies issued by foreign insurers.
2/ Beginning with the fiscal year 1957, collections reflect the provisions
of the Highway Revenue Act of 1956, approved June 29, 1956 (23
U.S.C. 120 note).
^
89
80
65,807
ij
5/
h/
1/
*
Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 U.S.C. 4292 note).
The tax of 3 cents per pound, applicable to the first domestic
processing of coconut oil and other vegetable oils, which was
suspended from October 1, 1957, through June 30, 1960, under the acts
approved August 30, 1957, and May 29, 1959, is further siispended until
June 30, 1963, under an act approved April 22, 1960 (26 U.S.C. 4511).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts Issued, less amount received
with returns and distributed by detailed class of tax.
Less than $500.
Revised.
r
...
Treasury Bulletin
6«
.MOHETAEY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Gold
certificates
Silver
certificates
1954
1955
1956
1957
1958
29,922
30,229
30,715
31,082
31,172
28,127
28,372
28,767
29,040
29,071
35
34
33
33
32
2,135
2,170
1959
1960
1961
9U
32,065
32,405
29,699
29,726
29,943
1960-Dec ember..
32,869
1961-January. .
February.
31,776
31,769
31,891
31,830
32,197
32,405
29,4U
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
2,162
2,200
320
319
318
321
317
25,385
25,618
26,055
26,329
26,342
31
30
30
2,155
2,127
2,094
316
318
318
30,442
30
2,110
29,385
29,377
29,484
30
30
30
1,986
1,994
2,0e5
30
30
30
2,043
2,100
2,094
314
29,752
29,943
30,002
30,118
30,152
30
30
30
2,077
2,075
2,079
315
315
September.
32,477
32,609
32,658
October.
32,836
30,303
30
2,076 5/
31,
March
April
May
June
July
Au^st
.
.
.
.
y
2,M8
V
Federal
Reserve
Bank
notes
National
bank
notes
180
163
70
67
U7
120
64
62
59
27,029
27,094
27,353
110
100
57
56
92
54
313
27,837
96
305
307
26,913
26,896
26,970
95
94
94
55
55
55
26,878
27,157
27,353
93
92
92
54
54
91
90
3M
27,434
27,553
27,584
54
54
54
315
27,739 6/
89
310
317
318
133
90
54
...
December 1961
69
-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)
Katio of silver to
gold and silver In
monetary stocks
(in percent)
1954
1955
1956
1957
1958
21,927.0
21,677.6
21,799.1
22,622.9
21,356.2
1959
1950
1961
19,704.6
19,322.2
17,550.2
1960- December.
17,766.6
4,375.6
1961-January.
February.
March.
17,441.3
17,372.6
17,388.2
4,372.8
4,358.3
4,353.1
4,350.3
4,346.5
20.0
20.0
June
17,389.9
17,403.1
17,550.2
July
August
September
17,526.9
17,451.1
17,376.0
4,343.8
4,335.6
4,331.5
19.9
19.9
20.0
October.
17,300.4
4,324.9
20.0
April.
.
.
.
.
May
.
.
Source: Circulation Statement of United States Money.
silver monetary stock see Table 4.
For detail of
1/
3,863.1
3,922.4
3,994.5
4,116.6
4,306.0
15.0
15.3
15.5
15.4
16.8
4,4U.l
18.3
18.5
19.9
4,394.5
4,346.5
1/
See Table 3, footnote
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
20.1
20.1
20.0
4,362.3.
19.9
3.
70
Trcasiini Bulletin
MONETARY STATISTICS
,
Table 4.- Components of Silver Monetary Stock
(Ir.
Billions of dollars)
1
.
. ..
.
December 1961
n
_ MONETARY
STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - In millions of dollars)
Sources of seigniorage on silver bullion revalued j/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
1935
1936
1937
1938
1939
18.5
46.1
63.7
69.5
19-10
122.2
182.1
91.7
Misc. silver
(incl. silver
bullion held
June 14, 1934)
Silver Purchase Act
of June 19,
1934
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Newly mined silver 2/
Proclamation
of Dec. 21,
1933
Total
seigniorage
Acts of
on silver
July 6, 1939,
and July 31, 1946 revalued 2/
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
34.7
34.7
34.7
34.7
58.0
74.9
87.3
562.7
580.4
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
25.7
48.3
63.6
65.3
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
833.7
833.7
833.7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
34.7
16.8
36.0
34.5
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
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
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
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
111.7
81.9
150.8
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
4.2
19*1
1942
1943
1944
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
1950
1951
1955
596.6
642.3
694.2
742.2
792.9
807.0
1956
1957
1958
1959
1960
839.6
890.3
932.0
981.6
1,038.5
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
155.2
156.4
166.0
167.9
167.9
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
50.0
72.9
114.0
98.3
70.8
1,041.0
1,043.7
1,047.8
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
70.0
65.2
60.8
1,053.3
1,061.0
1,065.2
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
157.9
1,172.5
1,172.5
1,172.5
55.0
49.4
45.9
1,068.4
1,076.2
1,082.9
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
44.0
1,091.6
1,095.0
48.7
48.7
833.7
833.7
34.7
34.7
87.6
87.6
167.9
167.9
1,172.5
1,172.5
25.0
1952
1953
l'^54
1961-January
February.
March
.
Apri
May
June p
July p
August p.
September
.
.
p.
October p.
November p
.
.
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/ Total of seigniorage on coins and on newly mined silver, beginning
j/
U3.8
U6.8
129.9
127.2
57.2
34.9
6.6
U.3
37.4
33.2
15.1
with that for July 1959, is included under coins; the breakdown is not available after June 1959.
The figures in this column are not cumulative; as the amount
of bullion held changes, the potential seigniorage thereon
changes.
Preliminary.
p
..,.
Bulletin
Trcasiirif
72
.INTERNATIONAl FINAilCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of doliar:^)
End of calendar year or month
Total 1/
Treasury'
Foreign
currency
holdings
1953
1954
1955
1956
1957
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
1960
20,534
19,456
17,767
20,582
19,507
17,804
17,441
17,373
17,388
17,480
17,412
17,433
17,390
17,403
17,550
17,435
17,451
17,603
175
165
186
July
August
September
17,527
17,451
17,376
17,^90
17,^30
17,457
105
106
62
October.
November p
17,300
16,975
17,331
17,021
112
1961-January.
February.
.
March
April
May
June
.
.
.
.
\/
Includes gold in Exchange Stabilization Fund, which is not Included
in Treasury gold figures shoim in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
2/
P
To be publisiied in following issue.
Preliminary.
i/
December i%l
73
.
CAPITAL MOVQylENTS.
Data relating to capital moveraentB between the Unltod
States and foreign countries have been collecteij since
will be exactly comparable to those now presented.
pursuant to Executive Order 6560 of January I5, 19314
Executive Order IOO33 of February 8, 191*9, and Treasury
Bontbly.
1915,
regulations proBulgated thereunder.
Infoniatlon on tte
principal types of data and the principal countries is reported monthly, and is published regularly In tl» 'Treasury
Bulletin."
frequently.
Supplementary Information Is published less
Reports by banks, bankers, securities brokers
and industrial and conmerclal concerns In the
United States are made Initially to the Federal Reserve
and dealers,
which forward consolidated figures to the Treasury.
Beginning April I95U, data reported by banks in the Territories and possessions of the United States are Included
in the published data.
Bank.'!,
The term "foreigner" as used In these reports oovere
Institutions and Individuals domiciled outside the
United States and its Territories and possessions, the
all
official institutions of foreign countries, wherever
such institutions may be located, and international organ-
izations.
"Short-term" refers to original maturities of
one year or less,
maturities.
erage,
statistical presentation, and definitions appeared
in the June
1*5-1*7.
in that
and "long-term" refers to all other
A detailed discussion of the reporting cov-
195'*-
issue of the "Treasury Bulletin," pages
As a result of changes In presentation introduced
Issue,
The first three sections whloh follow are published
They provide suomaries, by periods and by coun-
tries,
of data on short-term banking liabilities to and
claim* on foreigners and transactions in long-term securities by foreigners, and preaent detailed breakdowns of the
latest availabls preliminary data.
Section IV provides supplementary data in six table*
which appear at less frequent intervale. Table 1, shortterm foreign liabilities and claims reported by nonf Inan-
cial concerns,
is
published quarterly In the January,
and October Issues of the Bulletin.
April, July,
and bankers, and Table
Section
1.-
I
-
2,
3,
estimated gold reserves and
dollar holdings of foreign countries and international
institutions,
September,
are published quarterly in the March, June,
and December Issues.
Table
•*,
foreign credit
and debit balances in brokerage accounts, appears semi-
annually in the March and September issues. Table 3,
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.
not all breakdowns previously published
Table
Table
long-term foreign liabllltleB and claims reported by banks
Summary by Periods
Net Capital Movement Between the United States and Foreign Countries
71^
Treasury Bulletin
.CAPITAL MDV5MENTS.
Section I - Sunmiary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in nilltons of dollars)
..
December 1961
75
.CAPITAL ICIVEMENTS.
Section I - Sunmary 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
Foreign stocka
Net
purchases
1935-41
n.a.
n.a.
74.2
Net
purchases
Purchases
n.a.
n.a.
n.a.
n.a.
23.3
26.6
19.8
22.1
54.8
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
1,U9.7
-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
2,718.8
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
803.8
591.7
-237.7
-82.6
1,511.7
1,392.0
2,261.5
2,036.7
-749.7
-644.7
51.5
1.6
-24.5
-33.0
107.1
84.1
100.9
U9.3
63.0
91.1
136.8
181.9
-42.2
-52.8
-81.0
50.2
56.9
53.5
96.3
95.6
72.3
-46.1
-38.7
-18.9
93.8
115.6
113.1
193.5
219.1
159.3
-99.7
-103.6
-46.2
-66.4
1.3
-5.3
35.2
40.5
41.2
55.1
64.5
58.1
-19.9
-24.0
-16.9
85.4
77.9
263.8
171.7
100.6
286.0
-86.4
-22.7
-22.2
-25.6
52.6
74.2
-21.6
104.1
151.3
-47.2
318.1
89.0
-29.2
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
265.5
24.5
-79.8
9.8
-121.0
65.2
57.1
81.7
88.8
173.8
198.2
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
841.3
509.4
991.5
1,392.0
1,915.1
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
272.3
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
1959
1960
945.6
882.9
1,457.6
1,445.0
-512.0
-562.1
566.1
509.1
54.0
45.6
42.8
97.8
73.9
90.8
-43.8
-28.3
-48.0
53.1
38.5
58.1
43.6
58.7
59.7
97.2
123.5
87.0
-53.5
-64.8
-27.3
50.2
37.4
222.6
116.6
36.1
227.9
51.5
77.2
.
.
Uarch
April
May
June
July
August
September p.
October
p.
.
Not available.
Preliminary.
securities
855.5
-7.4
77.7
93.5
-46.6
372.2
225.3
347.3
1961-J8nuflry
February.
Net purchases
of foreign
3,152.6
227.9
391.9
247.4
402.1
n.a.
3U.3
Total
sales
4,008.2
220.5
469.6
340.9
355.4
n.a.
446.4
1942
1943
1944
1945
Total
purchases
37.3
65.6
42.6
96.7
70.8
n.a.
n.a.
3.5
4.5
-17.5
-.4
U.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-2U.3
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,0U.0
-U5.4
76
Treasury Bulletin
.CAPITAL MOvaiBfrs.
Section II - Suimary by Countries
Table 1.- Short-Teni Banking Liabilities to Foreigners
(PoaltloQ at aad of p«rlod In r^^^^rmw of doUara)
Country
1/
p
Liabilities lo countries not regularly roported separately are published armually in Section IV, Table 5.
Preliminary.
V
December 1961
77
CAPITAL MOVIMENTS
,
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In millions of dollars)
Country
V
1
Treasury Bulletin
78
.CAPITAL MOVaiENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital frjtn the United States)
Calendar year
1961
Country
1958
1959
1960
April
Hay
July
June
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
-6
9,886
France
Germany, Federal Republic of
Greece
Italy
Netherlands
9,543
3,012
-1,018
-4,795
70
5,897
-4
4,661
44
-1,045
678
-4,476
57,037
200
-34,480
-236
61
672
39,416
5,235
1,337
-5,715
1,871
-7,645
62,303
22,749
276
6,937
38,327
20,039
19,345
-248
28,099
-3,348
Norway
Poland
Portuga
Rumania
Spain
19,046
37
4,494
18,303
-26
2,109
24,1%
1,156
-2
-651
-2,249
-9
2,415
-17
-517
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
6,111
98,302
4,339
-32,303
79
153
-274
-27
242
1,916
108
-1
-298
123
-69
4,385
1,649
-1,176
3,465
-94
752
3,382
4,599
5,137
135
-1,761
2,557
-3,615
1,599
-21
1,106
14
-702
-37
-11,210
6
10,655
4
372
-18
-48
654
-23,252
-272
21,130
-5
-754
26,799
36
92,384
265,643
391
22
-39,280
17,069
77
79,027
-12,228
U3,358
41,367
18,718
-29,798
18,299
Yugoslavia
Other Europe
-165
23,161
-26
-3,624
-2
23,644
-13
-5,230
800
1,770
863
Total Europe
291,273
-40,197
745,282
198,182
39,552
19,483
-8,357
-202,213
80,696
-81,890
-7,160
-27,988
1,255
-448
869
963
1,292
281
-333
-623
3,385
169
2,U7
-722
113
2,594
1,762
-339
33
675
48
Canada
Latin Anerica:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cubs
Dcninican Republic
Qufltemala
htexlco
Netherlands Antilles and
Surinam
-U
62
54
-465
-29
1,403
-305
-34
2,561
-2,276
379
292
1,321
-43,437
1,249
941
-990
-46
62
-1
-176
6
379
47
219
3,810
25,546
19,538
22,425
524
2,912
1,449
-256
9,514
8,841
-1,227
2,948
-2 ,601
410
-8,738
-20
408
2,028
-68,517
232
1,656
257
124
4,185
1,483
125
-726
-879
-181
-2,533
-1,210
917
Total Latin America
8,117
-46,000
219
-2,335
-453
-403
4,231
-1,389
85
94
58
174
-181
-1,694
91
-572
-2
-1,993
-1,091
Asia:
China Mainland
Hong Kong
India
Indonesia
Inn
Israel
Japan
Korea , Republic of
Philippines
Taiwan
139, U9
145
2
-756
-493
-497
1,094
5,041
4,071
-506
2,704
526
18
271
1,434
19,701
468
-53
18
1,788
713
46,785
-10,110
27,852
9,291
-2
18,454
1,044
1,156
186
43
9,791
39,839
-1,032
215
-31
6,691
3,013
-9
-72
-29
2,495
1,030
10
65
1,281
981
22
-276
-15
-29
-61
-1,357
-74
558
9
-1,347
-1,504
-109
-30
83
78
505
533
-265
-888
95
U
Thailand
Other Asia
9,577
58
3,542
-369
23,832
99
536
4
798
-22
666
Total Asia
4,610
2,704
45,733
47,133
9,964
4,300
-174
60
150
-48
129
-648
153
1
769
-191
-13,331
-36
-3
435
15
-809
Other countries:
Austra lis
Congo, Republic of the
South Africa
United Arab Republic (^ypt)
All other
Total other countries
International
Grand total
Prelljiilnary.
478
-1
192
3
Panama Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin Anerica
,
p
258
1
545
77
105
3,U9
-786
-323
45
187
44
18,881
3,553
-450
18,834
-13,339
549
-788
-157,420
283,453
187,023
238,440
-41,112
-9,853
m,776
-2,703
1,124,353
378,416
29,645
-5,555
Ul
62
4
1
August
SeptsDber p
October
p
1
December 1961
.CAPITAL MOVBtENTS.
Section II - Summary by Countries
Table 4.- Net TransactlonB In Long-Term Foreign Securities
by Forel
(In thousands of dollars; negative figures Indicate net
sales by foreigners or a net outflow of capital from
Country
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
Zj-iOS
602
3,387
288
France
Genoany, Federal Republic of...
Greece
Italy
Netherlands
Norway
Poland
Portuga
Rumania
Spain
17,602
203,837
885
4,585
-8,641
9,065
-i,
358
-5
l
66
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
519
27,904
17
3,909
Yugoslavia
Other Europe
35
-35,745
Tota 1 Europe
231,066
Canada
-552,227
Latin feperica:
Argent ine
Bolivia
Brazil
Chile
Colombia
-370
292
8,697
913
3,339
Cuba
806
-350
-14
13,488
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
176
Panama Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Lat In America
106
-2,310
-72
-1,642
-8,045
Total Latin America
15,109
,
95
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
-103
U,490
72
-5
Israel
Japan
Korea , Republic of
Philippines
Taiwan
Thailand
Other Asia
-525
-9,874
Total Asia
-45,188
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
p
-50,564
677
10
659
-25
Preliminary.
.
6,051
283
5,633
-308
1,221
12
80
Treasury Bulletin
CAPITAI ICVBffin'S
.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of October 31, 1061
(PosltioD In tbouaands of dollara)
December
1961
CAPITAL MovBmrrs.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on
Foreigners as of October
(Position In thousando of dollars)
.
82
Treasury Bulletin
CAPITAL
Table 3.
UDvmsms
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During October 1961
(In tbouaauds of dollArs)
:
.
.
...
.
.
.
December 1961
«3
.CAPITAL MOVaiENTS.
Section IV - Supplementary Data by CountrleB
Table 2.- Long-Term i/Llabllltles to and Claims on Foreigners Reported by Banks
and Bankers
(Poaitlon at end of period in thouaands of dollare)
Liabilities to foreigners
1960
Country
September
Claims on foreigners
1961
December
March
June
1960
September p
September
1961
December
June
Europe
Austria
Belgium.
Denmark.
Finland.
France.
125
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland.
Turkey
United Klugdoin.
.
Yugoslavia
Other Europe.
.
3
534
2,700
4,845
32,373
1,547
2,700
4,547
38,809
2,226
2,400
2,768
39,826
7,388
19
619
377
37
22
1,847
7,859
1,670
8,337
1,473
5,602
327,625
366,599
371,702
397,242
64,900
75,525
62,615
260,072
107,153
17
209,611
42,065
26,898
118,417
38
233,674
42,452
25,710
112,477
11
203,316
34,858
25,643
11
204,034
32,392
26,691
558
19,926
1,512
7,639
197,734
948
1,077
7,741
182,001
899
600
9,400
174,977
894
150
10,271
195,924
4,981
1,813
499
30
%,230
2,950
3,438
3,600
2,621
30,546
9,242
215
371
189,850
64,407
30,300
12,097
311
441
189,793
65,442
23,596
11,394
280
596
180,259
75,717
20,856
12,443
230
593
189,736
72,409
1^7
93
23
41
900
1,073
40
958
954
1,673
1,733
1,545
910,153
913,880
857,623
865,535
190
191
125
125
1,320
21,934
38,250
13,848
348
19,445
44,410
13,382
10,226
19,569
40,650
9,250
16,685
40,500
13,127
8,678
21,0%
19,
U9
17,933
18,954
7,013
300
15,570
410
15,860
U,075
392
892
6,528
2,452
8,244
2,361
6,026
2,222
6,026
1,656
113,089
134,072
126,136
120,593
26,538
40,928
57,537
4,469
80,692
27,708
39,728
60,985
4,810
75,075
22,272
36,888
61,465
4,445
72,683
21,756
38,088
63,469
100
Total Latin America.
U8,528
1,217
7,595
34
10
19
48,821
8,020
22,791
32,205
62
2,200
108
1,500
Cuba
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
34,989
8,911
20,340
13,527
154,155
12,843
2,300
272
.
Dominican Republic...
GuBtemela
Mexico
Netherlands Antilles
and Surinam
23,235
4,038
37,052
13,608
144,565
82
2,300
latin America:
Argentina.
Bolivia
Brazil
Chile
Colombia.
21,851
4,476
29,714
6,109
128,390
7,4U
28,093
6,185
2,870
15,807
15,264
2,500
300
5,876
7,506
30,519
5,623
3,381
17,457
82
439
3,000
6,305
2,868
35,106
7,091
5,242
20,460
29,049
608
3,000
3,299
2,392
29,487
3,338
3,255
19,205
2,304
3,708
44,092
8,205
62
11,062
837
1,500
.
Total Europe.
.
125
40
Asia:
Hong Kong.
India
Induussla
Iran
Israel.
.
258
.
Japan
Korea
Philippines.
Taiwan
875
Thailand
Other Asia.
190
Total Asia
125
191
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
Grand total.
1/
p
U,234
-4,133
7,450
7,741
Ifevlng a maturity of more than one year frcra date of issuance;
excluding long-term securities,
Preliminary.
6,839
3,489
4,U5
75,590
210,164
208,306
197,753
203,348
1,625,931
1,698,382
1,615,829
1,846,790
Trcasuni Bulletin
gu.
.
CAPITAL MOVBffiNTS.
Section IV - Supplementary Data by Countries
Table 3.- Estimated Gold Reserves i' and Dollar Holdings of Foreign Countries
and International Institutions
(Position at end of period in millions of dollars)
December 1961
.CORPORATIONS AND CERTAIN OTHER BUSXTIESS-TYFE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United States
Government which appear In the "Treasury Bulletin" begin-
published quarterly and appear as Section I in the series
of tables. The first data under the new regulations are
for tiarch 3I, I956, and were presented in the August 1956
ning with the August I956 Issue are compiled from reports
submitted to the Treasury under Department Circular
Bulletin.
Statements of income and expense and source and
application of funds are published semiannually, for June 30
Issued January 30, 1956, and Supplement tlo. 1,
The regulations so Issued are pur1, I956.
suant to Section 111* of the Budget and Accounting Proce-
and December 3I reporting dates, and appear as Sections II
and III. The first of these statements under the new
No. 966,
issued June
regulations cover the fiscal year I956, and were published
dures Act of 1953 (31 U.S.C. 66 b), and represent another
In the January I957 Bulletin.
step in the program of comprehensive and Integrated duv-
agencies are grouped In separate tatfles by type, as follows:
ernment accounting and financial reporting for which
authority was provided in that act. They supersede
public enterprise revolving funds,
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. SJIS of August I3, I9U0, as amended by Executive Order No. 90Sl* of Karch 3, igUc, under which financial statements previously published In the Bulletin
and trust revolving funds.
v;ere
submitted.
Within the sections,
intragovernmental
revolving funds, certain other activities, deposit funds,
Supplement No. 1 added to the coverage by including
all executive agencies and activities not reporting under
Department Circular No. 9^6, but required only a statement
of financial condition annually as of June 3^.
Department Circular No. 9^^ requires
submission of financial statements by all wholly owned
and mixed-ownership government corporations specifically
In coverage.
included in the Government Corporation Control Act, as
amended ( 3I U.S.C. S^6, S56); and all other activities
of the Government operating as revolving funds for which
business-type public enterprise or intragovernmental fund
budgets are required by the Bureau of the Budget. Other
activities and agencies whose operations, services, or
functions are largely self-liquidating or primarily of
a revenue-producing nature, and activities and agencies
whose operations result In the accumulation of substantial
inventories, investments and other recoverable assets,
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
of furnishing the financial reports required.
Four kinds of financial statements are called for by
Department Circular Mo. 9o6. They are statements of
financial condition, Income and expense, source and
application of funds, and certain commitments and continThe statements of financial condition are
gencies.
the
These are
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authoriied
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the information on
properties and assets of the United States Government which
the Treasury has been asked to furr.ish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government. The
first comprehensive reporting under Supplement No. 1 le
for June 30, 1957, and the data were published In the
December 1957 issue of the Bulletin as Part B of Table k
in Section I.
A summary of loans outstanding for a series of dstes
Is included in Section I of the Bulletin presentation
beginning with the June 195^ issue. Two claeeificatione
of the loans are shown, one by type and one by agency.
Data prior to 195^ *'"6 based on the earlier reporting
requirements, which provided for complete coverage of
Government leneing agencies.
Trcasuni liullctit
86
.
Table
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
1.-
Section I - Statements of Financial Condition
SuMoary by Specified Classes of Activities, June 30, 1061
(In thouBands of dollAra)
:
December 1961
87
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES,
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961
(in thousands of dollars)
Office of
Civil and
Defense
Development
Mobilization
loan
Civil defense
fund
procurement
fund
Total
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:
Govemment agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accmed 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)
378,862
-431,942
384,151
5,598,572
-1,401,695
30,403
802,581
Total assets
29,365,603 2/
International
Cooperation
Administration
Foreign
Investment
guaranty
fund
168,99:)
3,298,813
1,475
1,471,295
7,079
Export-Import Bank of Washington
Regular
lending
activities
Liquidation of
certain Reconstruction
Finance Corporation assets
Expansion
of defense
production
560
1,156
1,255,JU
96,650
-10,604
190,2^4
7,096
5,378
1,030,725
295,528
7,121,L;2
-1,531,252
12
463
3
'i,619
1,551
87,328
6,709
39,469
134,681
378,862
3,367,699
85,200
11, 897, 9^10
1,501
U7
337
-28
27,924
-U6
2,019,593
7,079
3,409,554
15,055
1,263
15,075
XJABIUTIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Govemn»nt agencies
Other
Advances from:
Government agencie s
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).
86,696
133,719
50,044
1,860,233
147
5,469
100
Total liabilities
3,343,304
345 2/
5,737
100
NET DlVESTtffiNT
United States interest:
Interest-bearing investment:
Capital stock
Bon-owings from the U. S. Treasury...
Other
Nonlnterest-bearing investment:
Capi tal stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-)
73,858
407,357
105
42
1
914
105,660
156,855
43
121
100,000
1,697,900
21,U6,091
1,056,000
8,840,437
675,442
1,076,581
-7,711,035
1,000,000
1,500
1,162 i/
19,225
1,500
29,365,603
1,501
ANAUSIS OF UNITED STATES DiVESTMEUT
United States investment
Accumulated net income, or deficit (-)...
33,733,334
-7,711,035
1,500
S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
26,022,300
1,500
-1,221,221
505,794
-U
S. investment excl. interagency items.
25,306,873
1,486
8.
2,000,000
23
26,022,300
Footnotes at end of Table
10,273
838,783
Total United States interest
U.
75
239,578
228,389
Total liabilities and investment.
U.
30
7,079
705,917
7,079
3,403,817
2,019 248_
2,019,59j"
7,079
2,000,023
19.225
7,079
2,019,248
7,079
(Continued on following page)
15,025
15,075
2,697,900
705,917
1,162
10,273
4,751
3,403,817
1,162
15,025
1,163
15,025
-12
73
156
2,019,404
1,162
1,263
7,079
3,403,878
)
.
Trcasurii Bulletin
88
.CORPORATIONS AND CERTAIN OTHER BUSIKESS-TyPE ACTIVITrES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961 - (Continued)
(In thousands of dollars)
Federal Home Loan Bank Board
Farm Credit Administration
Federal
Farm
Uartgage
Corporation
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury l/.
Investments:
Public debt secxulties (par value)
Securities of Government entaiprises. .
Unamortized premiiim, or discount (-)...
Other securities
Advances to contractors and agents;
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorle s
Allowance for losses (- )
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Lsans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
laiid
structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Federal
Intermediate
credit banks
investment
fund
16,350
Production
credit
associations
investment
fund
Banks for
cooperatives
investment
fund
59,170
67,632
Total Uabllltles
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
Accumilated net income, or deficit (-).
Deposits of general and special fund
revenue s (-
4,467
-993
53,650
830
118,287
23
1,515
13
13,302
1
1,609
726
45,000
2,191 i/
6,3U
2,597
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencle s
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (Including reserves)...
134
Federal Savings and Loan
Insurance
Corporation
363,500
,
Total assets
Revolving
fund
70,000
60,000
185,919
413
-413
127
-127
1,686
433,926
65
276
39
213
70,000
60,000
27
26
290
39
12
4
802
23,896
1,634
23,965
52
409,960
500,000
-3U,081
2,384
U7
Total United States interest
2,384
70,000
60,000
185,919
52
409, %0
Total liabilities and Investment
2,597
70,000
60,000
185,919
1,686
433,926
ANAUSIS OF
STATES IMYESTMEHT
United States investment
Accumulated net income, or deficit (-)..,
CTIITEE
60,000
Investment incl. Interagency Items,
Interagency items:
Due from Government agencies (-)
Due to Government agencies
2,384
interagency Items.
2,384
0. S.
D. S.
investment
e3ccl.
Footnotes at end of Table
8.
500,000
409,960
-3U,081
2,384
70,000
70,000
60,000
60,000
(Continued on following page)
185,919
185,919
52
409,960
-23
369
40
398
410,000
V
Ikwe Owners'
Loan
Corporation
(liquidated)
December 1961
^9
-CORPORAXIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section 1 - Statements of Financial Condition
Table 2.- Public Enterpr Ise Revolving Funds, June 30, 1961 (Cont 1 nued
fin thousands of dollars)
Panama
Canal
Company
ASSETS
Gash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury i/
Investments:
Public debt aecurities (par value)
Securities of Government enterprises...
Dnamortized 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 (-)
Accmed 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 )
.
5,012
16,476
2,409
3,330
8,860
-929
.
712,355
-282,796
Total assets
UABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trjst 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)...
11,932
Total liabilities
21,450
NET XNyESTt-tENT
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 fluid
revenue s (- )
451
881
35
330,465
122, U3
Total United States interest
452,608
Total liabilities and investment
474,058
ANALYSIS OF UNITED STATES XNVESTMDIT
United States investment
Accumulated net income, or deficit (-)...
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.
Saint
Lawrence
Seaway
Development
Corporation
56
90
786
U8
Treasury Bulletin
90
.COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACnVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961 (In thousands of dollars)
(Continued)
)
:
.
December 1961
91
-COKPORATIOKS AND CERTAIN OTHEK BUSINESS-TXPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961 - (Continued)
(In thousgmde of dollBre)
General Services Administration
Federal
Faollltlee
Corporation
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 Govemmsnt enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventorle s
Allowance for losses (-}
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Izians receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net )
Iflnd
structure s , and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net )
.
.
7
Reconstruction
Finance
Corporation
liquidation
fund
-
Housing and Hame Finance Agency
(Continued)
Office of the Administrator
Expansion
of defense
production
Defense
production
guaranties
College
housing
loans
Public
facility
loans
Public works
planning
fund
1
1,003
13,530
35,330
3,900
19,112
U
1
232
1,601
1,483,847
1,52A
6
28
399
3,535
56
35
7,099
558
958,048
55,449
-558
-1,191
-1,054
999,339
59,098
6,632 8/
26
53
778
.
,
Total assets
-303
1,961
-1,372
7,608
-2,612
8,689
5,170
1,521,722
312
11,432
17,456
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:
Govemnent agencies
Other: Guaranteed by the U. S
Not guaranteed by the U S
Other liabilities (including reserves)...
5,203
30,548
46
218
2,855
2
1
11,887
947
1,725
232
125,179
13,660
1,193
1,764,700
988,225
60,260
.
87
Total liabilities
NET mVESTMENT
United States Interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearlng 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
:
otal liabilities and investment
ANALYSIS OF UNITED STATES IMVESTMEUT
Jnlted States Investment
AccumiJ.ated net income, or deficit (-)...
interagency items.
Interagency items:
Due from Government agencies (-)
Due to Govemn»nt agencies
U. S. investment incl.
.
S. investment excl.
interagency items.
rnotnotes at end of Table 8.
36,000
515
8,687 2/
5,169 2/
8,687
5,169
1,396,542
8,689
5,170
1,521,722
8,687
5,169
-2,546
-2,356
-5,452
6,203
985 ,679
57,904
30,548
6,203
999,339
59,098
30,548
1,765,215
-368,673
6,203
988,225
-2,546
60,260
-2,356
36,000
-5,452
6,203
985,679
57,904
30,548
11,933
%1
6,203
997,611
58,865
6,203
-368,673
'
8,687
5,169
1,396,542
-1,524
-6
-246
122,238
7,163
5,163
1,518,534
(Continued on following page)
30,548
Trcnsuni liulletin
92
.CORPORATIONS AND CERTAIN OTHER BUSIMESS-TYFE ACnVXriES.
Section 1 - Statements of Financial Condition
Table 2.- Public Enterpr Ise Revolving Funds, June 30, 1961 (In thousanda of dollAra)
(Continued)
—
:
,
December 1961
93
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section 1
Statements of Financial Condition
Public Enterpr Ise RevolvlnK Funds, June 30, 1961 - (Continued)
(In thousands of dollars)
Housing and
Home Finance
Agency - (Cont.
Public
Housing
Administration
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 discoxint (-)...
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:
Goveminent 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:
Govemraent 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 (in::luding reserves)...
43
51,308
330
99
investment inol. interagency Items.
Interagency items:
Due from Government agencies (-)
Due to GovemnBnt agencies
U. S.
U. S.
investment excl. interagency items.
Footnotes at end of Table
3.
Disaster
loans etc.
revolving
fund
Farm tenant
mortgage
Insurance
fund
767
80,068
301
1,115
962,033
193,408
5,565,111
-1,529,726
4,255
274
1,924
2,437
556
54,270
35,822
3,438
97,483
-1,353
-326,105
8,293
-3,775
244,765
-127,248
153,548
6,940,665
56,151
82
49,958
12,132
117,155
M7
231
757
215,218
33
1,237
399
63
98,825
79,929
yj
Expansion
of defense
production
-14,761
53
1,002,913
1,526,171
-1,180,226
211
123,319
39,881
1
7
167
5,836
137
5
W
6,944
8,504
174
100,000
11,534,000
JUL
29,390
40,000
126,980
1,000
1,000,550
246,517
159
446
-446
352,191
32,000
ANALYSIS OF UHITED STATES MVESTMEMT
United States investment
Accumulated net income, or deficit (-)
Connerce
Department
Farmers' Home Adminlatration
51,896
30,200
1,522,765
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S, Treasury...
Other
Noninterest-bearlng investment:
Capital stock
Total United States interest
15,702
29,130
1,048
53,707 i/
Total liabilities and investment
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
53
Total liabilities
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (- )
Agriculture Department
205,494
5,836
64,578
1,000
364
-6,219,506
-387
-118,945
-82,713
9,485
-70,4U
39,875
-5,836
99,841
;,4U,494
47,648
153,548
6,940,665
56,151
123,319
39,881
1,280,067
-1,180,226
11,634,000
-6,219,506
166,593
-118,945
205,858
-82,713
30,390
9,485
-70, 4K
99,841
5,4U,494
47,648
123, U5
39,875
-5,836
47,819
123,152
39,875
-992,233
110,957
100,553
4,533,217
64,578
5,836
(Continued on following page)
Aviation
war risk
Insurance
revolving
fund
Treasury Bulletin
SK
.CORPORATIONS AND CERTAIN OTHER BUSUffiSS-TXPE ACTiVlTIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961 - (Continued!
(In thousands of dollBrs)
a
:
December 1961
95
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTTVITXES.
Section I - Statements of Financial Condition
Table 2.- Pub lie Enterprise Revolving Funds, June
30, 1961 - (Continued)
(In thou sand
of dollars)
Defense Department - (Continued)
Army
Department (Continued)
Defense
production
guaranties
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 Govemraent 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 lo sses (- )
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)....
Ifind, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net)
Total assets
2,972
2,Ay}
^A25
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trjst and deposit liabilities:
Govemraent agencie a
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 INVESTT^ENT
United States interest;
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues (-)
5,425
Total United States interest
5,425
Total liabilities and investment
5,425
AMALYSIS OF ITNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
5,«5
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.
Trcasuni Bulletin
96
.CORPORATIOMS AMD CKRTAIN OTHKR BUSmESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterpr Ise Revolving Funds, June 30, 1061 (In tbousande of dollars)
(Continued)
:
December
1961
97
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTTVITIES.
Section I - Statements of Financial Condition
Table 2.- Publ Ic Enterprise Revolving Funds, June 30, 1961 - (Continued!
(In thousande of dollars)
Interior Department - (Continued)
Virgin
Islands
Corporation
Alaska
Railroad
Alaska
Railroad
revolving
fund
Labor Department
Bureau of QDployment Security
Treasury
Department
Post Office
Department
Office of
the Secretary
Expansion
of defense
production
Farm labor
supply revolving fund
Advances to
unemployment
trust fund H/
17
2,665
219,410
Postal
fund i^
RFC
liquidation
fund
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)
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
1
5
Z}2
7,150
1,052
135,577
197,832
7,(X2
5,204
131
430
3,162
1,128
764
3,666
27,822
32,738
6,186
8
102
82
51,500
13,295
-11,035
10,187
-2,912
5U
132,808
-21,928
871
1,809
12,222
125,403
4
165
132
383
354
337
575
1,023,477 rj/
-431,520
-137
3,352
3,339
1,004,358
225
54,463
138,758
18/
UABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Govemirent 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:
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 a (-)
Total United States interest
11
78
5
303
72
290
810
1,239
2,280
32,000
594
-558
-30,449
2,195
2,992
10,983
123,124
1,551
2,673
270,992
763,578
125,403
3,352
3,339
270,992
1,004,358
122, 3U
809
32,000
-30,449
478
2,195
268,000
2,992
1,537,559
-773,980
123,124
1,551
2,673
270,992
763,578
-51,500
-34,864
54,463
219,492
783,178
12,222
11,540
-558
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
10,983
-131
369
-1,128
440
investnent excl. interagency items.
11,221
122,435
S.
Footnotes at end of Table
8.
268,000
167,285
18,793
-63,764
809
ANALYSIS OF UNITED STATES mVESTMEMT
United States investment
Accumulated net income, or deficit (-)...
U.
47,558
240,780 12/
1,801
10,171 22/
Total liabilities and investment
U. -S.
1,800
478
3,352
(Continued on following page)
2,673
1,537,559
-773,980
Treasury Bulletin
98
.
COHPORATICWS AND CERTADI OTHER HBIBESS-'nPE JiCi'iViTiKS.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, June 30, 1961 (in tbousaiade of dollAre)
(Continued)
)
'
December 1961
99
COHPORATIONS AND CERT AIM OTHES BUBlNESS-TyPE ACT lVri lbS .
'
.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental RevolvlnK Funds, June 30, 1961
(In thouaande of dollars
Legislative
Branch
Veterans
Administration
Civil
Service
Coninission
Government
Printing
Office
ASSETS
Caah In banks, on hand, and In transit....
Fund balances with the U. S. Treaaury !/•
Investments:
Public debt aecurltles (par value)
Securities of Government enterprises....
Unamortized premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agenc lea
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, atructures, and equipment
Accumulated depreciation (-)
Other assets (net)
Total assete
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agenc les
Other
Advances fl-om:
Government agenc lea
Other
Truet and deposit llabllltlea:
Government agenc lea
Other
Bcnda, debent'jrea, and notes payable:
Government agenc les
Other:
Guaranteed by the United States
Not guaranteed by the Ublted States..
Other liabilities (Including reserves)...
Total liabilities
NET nfyESTMBIT
united States Interest:
Interest-bearing Investment:
Capital etock
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 a (-)
Total United States interest
Total llabllltlea and Investment
ANALYSIS OF UNITED STATES INTCSTMHfT
United States Investment
Accumulated net Income, or deficit (-)...
Total united States Investjnent including
interagency items
Interagency Items:
Due from Governiaent agencies (-)
Due to Government agencies
Total United States Investjiwnt after
exclusion of interagency Items
Footnotee at end of Table
38,113
1,A90,027
1,459
8,659
Supply
fund
Investigations
2,919
Administrative
expenses,
foreign aid
procurements
463
9,673
Buildings
management
fund
Qeneral
supply
fund
21
780
18,310
38,489
87
177
8,253
2
53
"18,368
8
1
7,088,244
-59
22,811
1,071
7,911
77
31,339
11,237
113
9,528
47,310
1,510
66,405
490,964
-216,297
43,705
31,278
-12,310
666
-463
310
-109
13,209
-10,447
269
37,930
-11,947
9,635,153
64,496
5,320
49,756
42,240
180,707
236,534
276,065
2,880
1,133
8,467
2,116
19,718
20,070
1,887
80,056
53
743
46,011
10,513
1,165
643,658
2,647
195
12,479
1,074
112
72
33
3
584
512
L42
1,912
28,808
22
1,674
109
230,992
3,240
21,628
672
884,900
9,937
43,463
51,484
-1,573,909 2/
14,653,875
8,880
-4,338,593
1,000
33,815
9,085
10,658
4,000
115,750
9,929
-29
3,500
4,384
-8,544
-564
8,750,2?3
54,559
39.640
49,756
-1,223
42,240
9,63?,1?3
4,027
5,320
129.223
180,707
64,496
13,088,846
-4,338,593
43,901
10,658
4,000
27
39,669
-29
-659
-564
125,538
3.685
4,027
39,640
129,223
54,559
-1,223
8,750,253
-643,835
287,080
-12,479
1,800
-1,074
35
-7,998
1,137
-11,237
2,117
-47,396
30.720
43,880
2,989
32,778
-10,343
8,393,498
39,669
(Continued on following page)
.
General Services Administration
217
-Ml
3,685
)
100
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSIHESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1961 - (Continued)
(In tbousande of dollars
:
:
.
December 1961
101
.CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYPE ACTIYTTIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolvlni? Funds, June 30, 1961 - (Continued)
(In thousonde of dollars)
Defense Department
Air Force Department
Assgrs
Caah In banka, on hand, and In tranelt....
Fund balances with the U. S. Treasury 1/..
Army Department
Stook
fund
Industrial
fund j/
254,075
56,273
507,648
1,952
508
57,931
9,126
1,118
199,424
13,930
4,163,817
Stock
fund
Industrial
fund
y
171,747
Navy Department
Corps of
Engineers
Stock
fund
Industrial
fund 2/
28,439
205,684
3,268
1,908
18,597
1,637
116,674
22,239
544
8,260
45,333
11,265
1,855,446
88,623
704
216,427
30,134
230
238,773
-117,989
320
156,942
InYestJDenta:
Public debt securities (par value)
Securities of Government enterprises
Itoajnortized premium, or discount (-)....
Other securities (net)
Advances to contractors snd events:
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.
tber
Loans receivable:
Government agencies
Other
Allowance for lease s ( Acquired security or collateral (net).....
Land, structures, and equipment
Accimulated depreciation (-)
Other assets (net)
—
473
1M,505
8,777
298,661
)
Total assets
602
4,604
679,232
124,468
4,916,905
309,393
180,585
2,121,597
469,207
36,881
61,567
33,412
51,638
54,964
5,013
18,115
1,875
9,380
84,372
32,873
5,448
19,313
2,741
LXABIUriKS
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Total liabilities
NEI IMVESrHHIT
lilted States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Troasxary...
Other
Noninterest-bearing 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.
AKALVSIS OF UNITED STATES mVXSrMHIT
United States Investment
Accumulated net Income, or deficit (-)...
Total United States inveatment including
interagency items
Interagency items:
Due lYom Government agencies (-)
Due to Government agencies
Total United States Inveatment after
exclusion of interagency items
8.
53,125
22,132
935
ther
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Governmsnt agencies
Other:
Guaranteed by the Itiited States
Not guaranteed by the t*ilted States..
Other liabilities (including reserves)...
Footnotes at end of Table
M,510
764
2,471
5,730
2,827
-163
-6,058
21,022
41,979
41,521
3,618
94.330
98,285
42,800
127,623
88,003
60,976
121,063
175,043
81,000
-867
-2,685,900
10,721,562
206,930
15,782
24,525
94,957
-183,120
1,535
-3,246,380
-1,322
128
-803,360
26,853
764,067
-183,120
80,133
1,535
8,035,662
-3.246,380
222,712
-1.322
119,482
128
2,803,894
267,312
?6-B53
81,668
4,789,282
221,390
119,609
2,000,535
294,164
580,947
-45,333
84.372
-88,623
5.448
2.039.574
U1,3CI0 i/
622,767
V
-114,505
36,881
-57,931
33,412
-199,424
51.638
-18,597
5.013
-22,239
4.346
57,150
4,641,496
207,806
101.716
503,323
(Continued on following page)
336,587 i/
2,467,307
.
303,090
-35,778
102
Treasury Bulletin
,
CORPORATIOWS AHD CERT AIR OTHER BUSINBSS-TYPE ACnVTITES.
Section I - Statements of Financial Condi tlon
Table 3.- Intragovernmental Revolving Funds, June 30, 1 061 - (Continued)
(In tjiouaande of dollare)
i
:
)
.
December 1961
103
.
Table
3.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACT IV IT IKS.
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June
30, 1961 (
(Continued)
la thouaaode of dollars
Treasury Department
United States Coast Guard
Account
Bureau of
Engraving
and Printing
A3Sgrs
Cash In baxiks, on hand, and In tranelt...
Fund balancea with the U. S. Treaeury l/.
Inveetmente:
Public debt eecurltlea (par value)
Securltlee of Government enter pr 1 ees.
Unamortized premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agenc le s
Other
Accounts and notes receivable:
Government agencies
ther ( ne t )
Inventories
Allowance for losee e (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government, agencies
Other
Allowance for loeaes (-)
Acquired security or collateral (net)....
Land
structures, and equipment
Accumulated depreciation ( -)
Other assets (net)
Supply
fund
1
3,294
2,502
1,272
1,325
83
4,744
.
,
Total assets
3
8,533
-8
35,280
-11,009
180
-
37,545
UABILTTIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
ther
Bends, debentures, and notes payable:
Government agencies
10
391
83
916
549
15
Otiier:
Guaranteed by the United States
Not guaranteed by the Itoited States..
Other liabilities (Including reserves)...
Total llabill ties
3,444
KET OfVESrMBWT
Itoited States Interest:
Interest- bearing Investment:
Capital stock
Borrowinga from the U. S. Treasury....
Other
Nonlnterest -bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)..
Deposits of general and special fund
revenues ( - )
3,250
22,001
8,939
-88
1,849
6,829
-19
Total united States interest
34,101
6,810
Total liabilities and investment
37,545
8,659
ANALYSIS OF UNITED STATES IKVESTMBfT
united States inveetuKnt
Accxmiulated net Income, or deficit (-)....
34,190
6,829
-19
34,101
6,810
-1,272
642
-1,325
1,038
33,471
6,524
Total united States investment Including
interagency Items
Interagency Items:
Due from Government agencies ( -)
Due to Government agenc les
Total United States investment after
exclusion of Interagency items
FootnoLee at end of Table
8.
~
:
Treasury Bulletin
lOU^
.CORPORATIONS AND CERTAIN OTHER BUSHtESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1961 - Part A
V
(in thousandB of dollBre)
International Cooperation
Administration
Loan programs
Total
Part A
V
2/
U.
dollar
S.
loans
Foreign
currency
loans
Export-lBport
Bank of
Canal
Zone
Government
Civil
Service
Conmission
y
Washington
Foreign
currency
loans
^
ASSETS
Cash in banks, on hand, and in transit...
Fund balances irith the U. S. Treasury i/InTestments:
Public debt securities (par value)
Securities of Govemnent enterprises...
Dnanortized premium, or dlscoiint (-)
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Govemiaent agencies
Other (net)
Inventories
Allovance for losses (-)
Accrued interest receivable:
On public debt secturities
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
Accmmilated depreciation (-)
Foreign currencies
Other assets (net)
2,274
1,401,593
3,210
10,182,667
1,914,840
-92,689
112,863
6,931,895
-966,528
220,081
983,005
Total assets
35,388,084 6/
130
9,738
227
4,329
2,438
5,050
5,050
—
5,107,711
999
5,189
33
393
5<4
104
16,875
1,812,-113
7,094,713
581
2
67
20
237,768
4U,U3
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trjst and deposit liabilities:
Government agencies
Other
Bonds, debentures, and not«s payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
5,U6
16,855
1,768,484
50,981
-18,705
2,551
220,081
2,851
25,696
1,803,881
1,884,509
51,107
3,394
17,306
80,184
3,748
185,082
47,186
-3,960
1,867,654
5,674
264,328
3
13
769
6,130
313
1,242
58,037
1
1
Total liabilities
NET mVESTHENT
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
Accumilated net income, or deficit (-).
Deposits of general and special fund
revenue s (-)
25,736
7,190
205
246
139,850
25,696
517,134
32,277
4,864,362
1,106,567
18,477,424
711,979
957
1,869,721
5,6M,955
4,858
36
9,080
2,565
6,812
35,215
2,061
273, U8
1,048
10,232,696
-2,342,013
2,997
-1,976,473
-49,940
34,870,950
1,771,603
1,883,793
42,027
3,109
264,328
Total liabilities and investment
35,388,084
1,803,881
1,884,509
51,107
5,674
264,328
ANALYSIS OF IWITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
37,212,963
-2,342,013
1,768,606
2,997
1,869,721
42,CE7
3,109
270,482
-6,155
S. Investinent Incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
34,870,950
1,771,603
1,883,793
42,027
3,109
264,328
investment excl. interagency items.
34,716,925
1,883,793
-393
3.394
45,029
-581
1,274
3,802
264,328
Total United States interest
,
U.
U. S.
Footnotes at
or.d
of Table 8.
-258,852
10^-827
205
1,771,808
-6,155
-2,666
U,072
(Continued on following page)
:
December 1961
105
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condi tlon
Table 4.- Certain Other Activities, June 30, 1961 - Part Ai/- (Continued)
(In thousandfl of
Federal
Mediation and
Conciliation
Service
ASSETS
Cash In banks, on hand, and In transit...
Fund balances with the U. S. Treasury M.
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 Govemment enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Forel^ currency loans
Allowance for losses (-1
Acquired security or collateral (net)....
land, structures, and equipment
Accufflulated depreciation
)
Foreign currencies
Other assets (net ^
Federal
Power
Commission
1,043
doUarB)
National
Aeronautics
and Space
Administration
596,535
Panama
Canal
Company
Panama
Canal
Bridge
13,527
Selective
Service
System
3,710
Businese Administration
Salaries
and
expenses
3,082
Granta for
research and
manageoent
counseling
1,001
752
26
4,866
1
98
44
10,333
108
17,853
381
518,360
186,525
6,371
835
1,335,332
19,897
Govemment agencies
Other
Accrued liabilities:
Govemment agencies
Other
Advances from:
Govemment agencies
Other
Trust and deposit liabilities:
Govemment agencies
Other
Bonds, debentures, and notes payable:
Govemment agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. £
Other liabilities (including reserves)...
25
286
U,131
Total liabilities
933
51,Ce7
17
605,001
'
Total assets
£hDall
6,882
-3,155
1,409
7,439
4,533
15
1,001
LIABIUIIES
Accoxints payable
6,786
2,052
27
3,103
6,306
120
272
6
4
1,760
32
633
36
3,093
2,982
1,009
5,185
118
1,001
15,398
1,001
NET DUTESTMEMT
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasur>-...
Other
Noninterest-beartng investtoent:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total Hnited States interest
Total liabilities and investment
ANAUSIS OF UNITEH PTATES myKTHDfr
United States investment
Accumulated net income, or deficit
S. investirent incl. interagency items.
Interagency items:
Due from Govemment agencies (-)
Due to Govemment agencies
investment excl. interagency items.
Footnotes at end of Table 8.
3,909
35,5U
3,727
1,218
1,552
679,305
-3,909
-34,896
-98
1,218
1,284,306
19,897
4,346
1,552
835
2,211
1,335,332
19,897
7,439
4,533
1,284,306
19,897
39,241
-34,896
1,552
19,897
4,346
1,552
-98
(-)...
U.
U. S.
-115
19,897
-98
1,218
1,284,306
U6
-1
272
-11,085
15,073
48
1,488
1,288,294
(Continued on following page)
19,897
1,009
1,186
5,355
2,738
3,909
-3,909
Trcasurii Bulletin
lo6
.COEPORATIONS AND CERTAIN OTHKR BUSINESS-TYEE ACTIVITIES.
Table 4.
Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1961 - Part A i/
(In thousands of dollars)
-
(Continued)
)
)
:
December 1961
107
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYTTXES.
Section I - Statements of Financial Ckjndltlon
Table 4.- Certain Other Activities, June 30, 1961 - Part A i
-
(Continued!
(In thousands of dollars)
HEW Department
Commerce
Department
Maritime
activities
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...
UnaiKjrtlzed premium, or discoxult (-)...
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)....
structure s and equipment
land
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
,
,
Loans to
students
(World War
142
312,546
Interior Department
Bonneville
Power
Administration
Southeastern
Power
Administration
Justice Department
Southwestern
Power
Administration
Inmigratlon
and Naturalization
Service
Legal
activities
and general
administration
109
7,013
270
7,089
H)
14,826
8,597
Treasury
Department
Ulscellaneous
loans and
certain
other assets
5,107,655 12/
9
7
200
9,737
4,524
367
15,622
3,211
1,254
63
3,210
148,307
173
34,429
235
2,199
58
,157
582
9
218
60
20
42
53
22
1,753,626
a/
237,768
206,865
3,354,049 12/
472,985
-106,683
4,515,220 IJ/
-831,034 14/
4,203,291
Total assets
Office of
Education
-36
31,862
U9
427,450
2,480
27,832
-6,109
16,108
32,121
23,505
614
1,671
23
39
2,818
6_
8,239
112,764
128,495
10,659,985
UABIUTIES
Accounts payable:
GovemmBnt 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 reseCTes)...
Total liabilities
81
31,135
3,610
160,273
979
15
3
58,008
1,883
5,601
25
1,934
6,443
12,177
9,793
147
-289
115,742
29,720
3,737
5,556
7,591
121,056
-332,133
-122,972
-31,901
419, 2U
2,421
25,678
11,329
126,612
32,121
23,505
128,495
688
46
605
569
18,350
2,472
268,581
8,236
5,716
1,883
NET mVESTMEKT
United States interest:
Interest-bearing Investment:
Capital stock
Borrowings from the D. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accuimilated net Income, or deficit (-)
Deposits of general and special fund
revenue s (- )
Total United States Interest
Total liabilities and Investment
ANALYSIS OF UNITED STATES INTESTMENT
United States Investment
Accumulated net income, or deficit (-)...
2,459,892
5,039,830
-1,131
-2,589,538
-974,344
3,934,710
Footnotes at end of Table
S.
4U,633
25,766
iC.n--'-.--i'
427,450
6U
-113,321
115,742
-87
25,766
126,612
-409
416,109
3,105
11,329
6,524,248
-2,589,538
419,2M
2,421
25,678
11,329
126,612
10,659,985
-58
5,601
-9
1,972
-60
1,863
-237,790
23
31,221
13,292
128,435
10,422.195
3,989,902
ejtcl.
a/
10,215,352
235
Interagency items.
investment
742
1,352
4,203,291
3,934,710
U. S.
235
638,068
19,097
91,078 15/
3,105
2,480
interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
n. S. Investment Incl.
644
235
-200
-3,586
58,778
605
235
419,619
444,633
Treasury Bulletin
108
.CORPORATIONS AND CKRTAIN OTHES BUSINESS-TYPE AtJTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1961 - Part
(In thousands of dollars)
Account
BV
)
:
De'cemher 1961
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1961 - Part B i/
(Continued)
fin thousands of dollarB)
Ajirlculturf: Dcptirlroent
United
States
Information
Agency
ASSETS
Cash In banks, on hand, and In transit.,.
Fund balances with the U. S. Treasury j/.
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 losees (-)
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
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencie s
Other
Tnjst 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 INVESTt-ENT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment;
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-
Veterans'
Administration
Other
except
Deportments
65,703
3,928
551,720
255
879
2,001
7,047
645
11,014
1,876
4U
Agricultural
Hcaenrch
Service
Soil
Conaarvetion
Service
Foreot
Service
9
166,899
29,331
25,948
65,955
84
94
128
240
17,512
1,085
28
2,1'^9
315
85
479
597
420
3,443
254
1,358
337
2,860
114
1,202,822
29,631
347
102
729
71,130
1,470,717
11,
W2
-117
106,348
-26,830
-9,U0
6,721
124,390
19,559
1,285
121,017
153,736
2,167,316
199,990
130,227
1,356,717
88,467
8,046
49,061
470
11,579
524
6,325
2,196
7,574
11,593
651
32,899
479
2,485
1,981
5,234
3,933
35,164
31,232
64,649
4,929
7,129
11,002
U,109
16,608
186,538
27,969
25,066
25,702
64,353
78,177
-5,162
454, U5
1,526,634
169,170
23,343
284
-20,739
l,8iW
2,001
6,041
8%
30,657
29,998
67,862
74,504
1,266,510
-5,097
-36
-240
Total United States interest
137,128
1,980,778
172,021
105,160
1,296,507
62,765
Total liabilities and investment
153,736
2,167,316"
199,990
130,227
1,356,717"
88,467
ANALYSIS OF UNITED TTATES INVESTMENT
United States investment
Accucnulated net income, or deficit (-)...
137,128
1,980,778
192,760
-20,739
105,160
1,296,507
62,765
S. investment incl. interagency items.
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
137,128
1,980,778
172,021
105,160
1,296,507
62,755
-879
-729
39,929
-507
5.880
-17,992
2,506
-3,470
6,129
-1,486
138,093
2,019,978
177,394
89,675
1,299,166
61,279
investment excl. interagency items.
U.
U.
S.
Footnotes at end of Table
8.
(Continued on following page)
Treasury Bulletin
110
.COEPORATIONS AND CERTAIN OTHER BUSIHESS-TYFE
ACi'iVi'i'IES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1961 - Part B 1/
(In thousands of dollars)
(Continued)
)
: )
)
December i96l
Ill
.CORPORATIONS AND CERTAIN OTHEE BUSINESS-TYPE ACnVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, June 30, 1961 - Part B i/
(Continued)
(In thousands of dollars)
Health, Education, and
Welfare Department (Continued)
Public
Health
Service
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury J!/
Investments:
Public debt securities (par value)....
Securities of Govemraent enterprises..
Dnamortized 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 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
Accujnulated depreciation (Foreign currencies
Other assets (net
Total assets
LIABILITIES
Accotmts 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. E
Other liabilities (including reserves)..
Total liabilities
NET mVESTl'lENT
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
Accumilated net income, or deficit (-)
Deposits of general and special fund
revenue s (-
Total United States interest
Total lia bilities and investment
ANALtSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Govemraent agencies
U. S.
D. S.
investment excl. interagency items
Footnotes at end of Table 8.
805,^07
Saint
Elizabeths
Hospital
7,972
63
238
2,255
1,743
115
484
474
35,937
Interior Department
Bureau
of Land
Management
Other
12/
Bureau
of Indian
Affairs
Reclamation
Bureau
of
359,794
25,780
27,750
105,201
10
118
5,868
87
208
24
10
196
9,405
535
2,317
97,755
568
443
7,198
4,140
43
34,711
207,233
3,110,247
-66,720
109
85
35
10,010
48,3U
Geological
Survey
5,877
1,842
1,925
12,505
-1,880
35,999
435
711
13
10,090
49,951
527,376
1,263,352
46,692
380,176
102,078
385,850
3,722,802
56,268
1,527
401,621
123
294
139
1,229
2,103
357
22,730
177
7,135
389
1
219,188
1,003
818
358,691
5,790
987
494
1,305
1,462
158
14,924
384
U3,301
13
629,502
3,221
362,498
37,258
11,427
183,679
9,644
178,395
454,954
5,349
38,121
7,632
5,843
4,202
11,570
17,730
4,1U,549
3,546
53,250
356,692
61,144
280,525
192,549
43,079
54,820
374,4a3
3,539,123
385,850
3,722,802
56,268
64,820
374,423
3,346,574
192,549
46,624
54,820
374,423
3,539,123
46,624
-6,868
6.584
-2,525
2.316
-453
2.702
-1,842
2.495
3,541,372
47,277
8,385
6,584
13,647
2,315
2,344
5,561
2,318
-1,109,744
633,850
43,471
17^78
1,263,352
45,692
380,176
633,850
43,471
633,850
43,471
-2,318
7 ,707
-115
618
639.238
43,974
17,678
-119
2-419
19,978
(Continued on following page)
64,535
374 ,2U
46,624
112
Treasury Bulletin
.
Table 4.
CORPORATIONS AND CERTAIN 0THE3? BUSINESS-TYPE ACTIVITXES.
Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1961 - Part B V
(In thouaanda of dollare)
(Continued)
December 1961
t
i
1
i
lll^
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, June 30, 1961
(Id tbooflUMlB of dollars)
Farm Credit Administration
Aooount
Total
ASSETS
Cash Id banks , od hand, and In tz«nait
Fund balB.Dc«a with the U, S. Trwaeuryi/
•••
Imreatnentst
Public debt B«curltl«B (par t&Iub)
Seourltlas of whoUjr ownad Gort. entazprlBae.
IhiamDrtlsad praaium, or dlaoount (-),
Other s«ourltl68 ,,..,
,.
AdTancas to oQctnctore and a^antai
GaraniBeiit aganoiaa
Other
Inrantorlaa
Allowanca fop loasee (-)
Accounts and other racelTablaat
Govenuasnt a^nclea
Other (net)
I^jana receivable t
Gore mnent agenolae
Other
AUcAfanoe for losses (-}
Aoqoired security or colXateral (net)
lADd, structures, eind equlpoant
AccuHmlated depreciation (-)
Other assets (net )
•••••
•»••••
••••••
,.
•••.....
,,
Total assets
Banks
for
cooperetlves
94,019
12,868
10,281
153
4,047,367
45,990
-21,811
2,001
2,001
-42
78
3
3
64,052
8,396
10,275
4,298,182
-5,837
635
1,407
-1,261
3,978
9,275
596,719
-4,879
635
520
-455
349
8,507,954
668,947
4,953
33,839
2,357
3,146
LIABILITIES
Accounts and other payables
GoTernmsnt a^nolee
•
Otter
Advances Troni
Government a^ncles
Other
Trust and depoalt liabilities i
Government agenclea
Otter
Bonds, detentures, and notes payable
Government agencies
Ottert Guaranteed by tte United States....
Not guaranteed by tte United States
All otter liabilities (including reserves)..
307
1,154,966
10,275
3,184,825
172,844
Total liabilities
HKT IlffEST>CNT
Private intereett
Capital stock
Aocumulated net Incone, or deficit (-).
Total private interest
United States Interest
Interest-bearing Investnentt
Capital stock. .,
,,
Borrowii^s from tte U. S. Traaaory
Otter
Ronlnte rest-bearing investment i
Capital stock
Appropriations
Capita 11 aatl on of aaaeta (net )
Otter
AccximuXatad net inoone, or deficit (-)
Depoaits of general and special fund revenuea (-)
215,776
2,397,275
Total Unitad States intereat.
2,613,051
Total Uabllltiea and investnant.
8,507,954
Federa
Intermediate
credit
banks
Federal
Deposit
Insurance
Corpora i Ion
Federal Home
Loan Bank
Board
Federal home
loan
banks
)
)
)
.
December I96i
115
-CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, June 30, 1961
(In thousands of dollars)
Cliril Service Commission
Bnployees'
health
benefits
Total
i/
fund
ASSETS
Cash In banks, on hand, and In transit....
Fund balances with the U. S. Treasui^ }/,
Investments:
Public debt securities {par value)
Securities of CJovemment 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
2,545,753
-ICE ,468
13,080
1,117
-693
64,142
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 agenc ies
Bnployees'
life
insurance
fund
Retired
employees'
health
benefits
fund 2/
Federal
Communications
Connisslon
Interoationel
teleconiDunicat ion
settlements
973
224,613
10,939
7,504
209,907
12,324
196,625
-3,467
-637
-2,823
39,565
3,013
400
23,520
6,392
1,172
40
5
1,361
122
11,352
67
1,293
1,623
7.;6
1,075
56
3
341
341
40
-5
26
-11
3,009,859
46,288
210,526
2,703
323
47,495
34,177
200
11,000
2,141
m
118
65
1,998
21,111
25,503
341
11,041
Other:
Guaranteed by the United States
Not guaranteed by the United States..
Other liabilities (including reserves),..
2,188,220
19,608
1,125
595
537
Total liabilities
2,315,299
35,413
11,795
3,084
51
67
NET INVESTMENT
Trust interest:
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit
297,854
(- ),
Total trust interest.
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (-),
217,966
10,876
198,731
-381
515,820
10,876
198,731
-381
46,288
210,526
2,703
158,820
19,920
Total United States interest.
178,740
Total liabilities and investment.
3,009,859"
1/
2/ i^^^^^jf '^^^^"ijL.^r! '"'
Consists of trust revolving fimds that are submitting statements on a
3/ See Table 1 footnote 4.
quarterlj basis and certain trust revolving funds that are submitting
than *500.
*
time.
present
the
at
basis
statements on a semiannual and an annual
(Continued on following page)
"M
llg
^*^'
)
)
)
. .
Treasury Bulletin
116
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, June 30, 1961 - (Continued)
GG-2
(In thousanda of dollars)
Housing and Hone
Finance Agency
Accovint
Federal National
Mortgage Assoc.
Agriculture
Department
Farmers' Home
Administration
Secondary
market
operations
State rural
rehabilitation
funds
61,559
94
3,195
Defense
Department
Army
Department
United States
Soldiers' Home
rerolvlng fund
Justice Department
Federal Prison
System
Commissary
funds, Federal
prisons
Office of Allen Property
Allen property fund
World
War II
World War II
International
Claims Settlement Act,
Title II, fund
878
1,120
1,094
Philippines,
ASSETS
Cash In banks, on hand, and In transit.,..
Fund balances with the U. S. Treasury j/.
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 end notes receivable:
Government agencies
Other (net
Inventories
Allowance for losseB (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collsteral (net)
Land, structures, and equipment
Accumulated depreciation (Other assets (net
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities;
Government agenc les
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agenc les
Other
Bonds, debentures, and notes payable:
Government agenc lea
38
213
137,063
387
-81
579
-579
U6
157
U8
740
191,213
2,155
1,241
190,237
2,155
1,241
662
190,237
2,155
1,241
740
191,213
2,155
1,241
856
746
-3
8,576
1,762
1
97
122
10,719
2,522,259
-99,695 i/
13,079
630
23,491 i/
-2,772
29
9,661
31
2,528,789
25,552
54,
137
78
36
1,899
21,105
34
6
25,503
10,700
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves),.
2,188,220
16,368
974
Total liabilities
2,263,831
976
NET INVESMHff
Trust interest;
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-),
Total trust Interest.
United Statea Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury. .
Other
Nonlnterest-bearlng Investment:
Cspital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net' income, or deficit (-).
Deposits of general and special fund
revenues (- )
76,126
27,961 i/
10,093
-2,449
86,218
25,512
135 1/
135
158,820
19,920
Total United Ststes interest...
178,740
Total liabilities and investment.
2,528,789
Footnotes 1 through 3 on preceding page.
i/ Includes loans of $16,036 thousand which are insured by the Farmers'
Home Administration, farm tenant mortgage insurance revolving fund.
5/ Includes unrealized purchase discounts amounting to $97,825 thousand.
137
^
2/
•
Represents transfers from Ststes.
Represents principal of fund and capitalization of assets
Less than $500.
.
December i961
1X7
-CORPORATIONS AND CERTAIN 0THE3^ BUSINESS-TYPE ACTIVITIES.
Section I - St atements of Financial Condition
Table 7.- Loans Outstanding June 30, 1961, Excluding Interagency Loans and Those
Made by
Deposit and Trust Revolvi ng Funds, Classified by Types of Loans i/
(
In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Total
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
Total to aid agriculture
12,466
3,367,355
,
,
,
,
,
,
,
To aid home owners:
Mortgage loans:
Federal Housing Administration
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Housing and Home Finance Administrator:
Community disposal operations fund
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project
Public Housing Administration
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty program
Other loans:
Veterans Administration:
Direct loans to veterans and reserves
Loan guaranty program
'
Total to aid home owners
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
Defense production guaranties:
Air Force Department
Army Department
Navy Department
Other purposes:
General Services Administration:
Reconstruction Finance Corporation liquidation
Housing and Home Finance Administrator:
Liquidating programs
Inland Waterways Corporation
Interior Department:
Office of Minerals Exploration
Bureau of Connercial Fisheries:
Fisheries loan fund
Virgin Islands Corporation
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation
Total to aid industry
2/
fund.
fund.
fund
fund
HH-1
Treasury Bulletin
118
.CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
Statements of Financial Condition
Table 7.- Loans Outstanding June 30, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued i
I
-
)
(In thousands of dollars)
December 1961
119
-COBPORATIONS AMD CERTAIH OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding June 30, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) 1/
(In thousands of dollara)
.
Treasury Bulletin
120
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
8.Table
Loans Outstanding by Periods for All Business-Type Activltlee
Excluding Interagency Loans but Including Foreign Currency Loans
Part A.- Classified by Types of Loans
(In millions of dollars:
To aid agriculture
Total
End of
period
1/
Total
to aid
agriculture
Agricultural
credit
corporations
Cooperative
associations
To aid home owners
Crop, livestock, and
conunodity
loans 2/
Farm
mortgage
Total
to aid
home
owners
Mortgage
loans
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
21.6
25.5
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
29,568.3
31,527.1
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
7,797.5
8,428.3
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
1,697.8
1,832.2
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
3,748.2
3,974.4
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
1,360.7
1,532.3
515.9
530.1
549.6
588.8
647.2
634.1
275.3
30.9
34.2
39.5
44.6
392.5
3U.2
U8.2
359.2
447.3
452.0
486.1
530.9
13,413.2
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
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
7,762.5
8,299.5
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
1,396.4
1,502.0
1,892.5
2,171.5
341.1
468.6
589.6
721.7
954.1
152.0
394.2
3,715.4
3,948.3
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
508.8
517.1
566.7
597.6
628.7
596.4
289.8
357.5
399.5
434.3
530.4
23.4
30.9
37.3
38.4
49.2
41.2
366.2
401.9
396.7
27,588.9
28,507.8
30,469.2
31,393.9
7,636.3
8,178.1
8,191.1
8,817.3
1,562.3
1,499.1
1,699.6
1,626.6
3,6U.6
1,537.2
1,943.7
1,644.3
2,121.9
475.1
492.3
522.1
454.0
504.5
558.5
1,315.
1,809.
2,387.
1,290.7
1,809.1
2,387.3
25.0
2,9U.
2,9U.l
2,8U.2
.1
.1
.2
2,814.
3,094.
3,377.
4,380.
4,628,
5,872,
7,563,
7,763,
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
7,247.0
7,371.9
.3
.1
74.9 2/
104.5
154.7
231.1
316.6
391.3
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
Current quarters:
1959-September
1960-M8rch
September
1961-March
30.
31.
30.
31.
.
.
.
. -
3,759.3
3,836.4
4,006.7
2,U1.6
1,840.7
3,333.9
1,752.8
1,871.3
537.2
1,525.2
3.0
2,U1.4
.3
.1
.1
.2
.3
4U.5
1,528.
2,141.
2,603.
2,930.
2,906,
3,204.
3,771.
4,768.
4,860.
6,735.
447.5
8,032
2,603.2
2,929.9
2,906.6
3,204.1 2/
3,683.1
4,642.0
4,671.8
6,462.1
7,679.1
447.1
483.6
488.7
524.9
6,351.7
6,998.1
7,853.8
7,948.3
6,097.5
6,703.7
7,516.2
7,580.7
88.3 i/
126.6
188.5
273.0
353.1
254.1
294.4
337.6
367.6
3
::
'
'
December 1961
121
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type
Activities
Excluding Interagency Loans but Including Foreign Currency
Loans - (Continued)
Part B.- Classified by Agencies
(In millions of dollers)
Development
loan
fund
Total
End of period
International
Cooperation
Administration
,3/
Fiscal years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
12,771.7 12/
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.8
22,893.4
27,510.7
29,568.3
31,527.1
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
13,413.2 12/
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
Current quarters:
1959-Sept. 30.. 27,588.9
1960-Uar.
31.. 28,507.8
Sept. 30.. 30,469.2
1961-Mar.
31..
31,393.9
Export- Import Bank
of Washington
Expansion of
defense
prod.
245.1
312.1
343.1
324.3
309.2
321.7
349.1
384.3
410.0
525.9
553.1
596.7
52.9
39.7
29.3
21.6
15.9
11.6
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
3,231.3
3.290.5
345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
622.9
650.1
45.5
34.0
24.9
18.4
13.4
11.6
3,501.4
3,239.5
3,263.6
3,370.9
575.8
608.8
591.2
667.0
13
22
30
36
32.4
28.4
24.4
15.1
u
159.3
378.8
1,514.3
1,536.8
1,623.9
1,766.8
1,994.6
2,194.8
2,682.3
3,042.6
3,381.9
115.4
217.4
304.9
434.9
2,998.3
3,115.0
3,310.0
3,531.7
5.9
.2
7.9
19.8
23.5
38.2
34.4
30.4
26.4
22.3
28.4
26.4
24.4
19.5
Housing and Home Finance Agency
End of period
Fiscal years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
Cuixent quarters:
1959-Sept. 30..
1960-Uar. 31..
Sept. 30..
31..
Federal National
Mortgage Association V?/
Management and
liquidating
Secondary
market
Special
assist-
1,055,
1,578,
2,068,
2,497,
2,301,
2,584,
2,495,
2,356,
2,218.
2,030.
1,726.
1,587.
26.1
40.5
42.2
78.2
192.2
264.3
352.4
356.7
570.1
835.1
,007.7
1,346,
1,849,
2,241,
2,461.
2,461.
2,555.
2,417.
2,289.
2,124.
1,949.
1,659.
85.7
648.7
1,635.8
1,380.7
2,049.8
2,903.0
5.6
72.2
418.6
1,568.4
1,779.1
753.3
859.9
995.1
1,978.1
1,759.0
1,694.3
1,776.6
2,370.4
2,806.5
1.056.0
1,626.4
2.769.8
Footnotes on page 123.
9.1
233.4
1,248.1
1,393.6
1,573.8
2,600.5
2,522.3
3.9
2.2
2.2
2.2
Federal
intermediate
credit
banks
574.2
75a. 1
Fed. Home
Loan Bk.
Board
,
Federal
Housing
tration
Public
Housing
Administration
Commodity
Credit
Corporation
865.7
823.8
773.9
846.6
897.7
996.5
1,227.0
1,547.4
1,697.8
1,830.9
4A2.8
816.2
652.7
718.3
675.1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
945.9
809.6
716.2
775.9
379.6
510.2
633.0
673.3
590.2
637.7
689.4
733.6
928.8
1,159.0
1,395.9
1,501.7
816.0
805.9
864.2
951.6
867.5
1,416.8
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
816.0
771.1
762.8
589.5
1,562.3
1,499.1
1,698.1
1,625.7
1,794.9
1,520.3
1,736.1
1,476.6
Farmers
Home
Rural
ElectriAdminis- fication
tration Adminis-
tration
Direct
loan
program
12/11/
59.4
132.3
207.4
298.2
370.2
433.3
521.3
694.1
824.7
054.9
2.2
34.9
85.1
154.8
245.5
346.6
393.7
466.0
,228.7
254.3
293.8
336.0
365.3
RFC (in
Erpan- liqui3 ion of dation)
defense 10/
prod.
Expansion of
defense
prod.
897.8
782.3
1,426.4
3,075.9
2,980.9
2,620.8
2,348.9
1,778.1
3,298.4
1,745.0
1,876.6
535.4
538.7
183.3
369.3
609.3
922.4
544.5
113.2
92.9
106.0
105.4
95.9
87.4
99.3
915.9
983.9
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
3,082.7
3,287.3
260.7
276.5
265.4
226.3
195.2
171.3
8.9
11.0
13.2
15.8
18.0
14.7
14.3
13.6
1,482.9
1,630.0
1,735.8
175.6
90.7
91.4
136.8
1,497.9
1,928.9
1,633.8
971.7
1,001.5
1,031.5
3,028.6
3,139.8
3,236.4
202.3
184.7
176.5
14.4
14.3
13.6
166.9
164.7
161.8
1,799.7
190.3
95.7
2,1U.4
1,081.1
?i?2?-l
1-56.4
13.4
158.7
166.7
202.2
20.2
29.5
35.0
40.5
48.3
67.4
5%.
648.1
700.5
681.3
757.6
832.1
sa.s
7.0
10.1
11.9
14.5
16.9
18.8
14.6
14.3
13.3
202.1
116.6
70.4
151.2
170.9
185.4
180.2
181.7
169.4
162.9
121.6
6/
y
2/
163.1
Treasury Department
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
3,186.5
3,367.4
276.1
270.4
235.0
208.0
179.1
152.3
89.1
87.1
86.8
86.5
85.6
84.5
83.4
82.3
81.1
Dept.
555.8
564.7
593.5
645.4
753.9
769.6
810.6
866.5
902.7
962.6
1,013.1
1,110.6
56.6
79.4
78.8
858.7
944.0
1,096.3
1,190.4
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
1,347.0
1,522.8
.4
87.2
87.1
86.7
85.9
84.9
83.8
82.6
81.5
80.3
79.1
163.1
356.0
380.2
398.4
433.7
320.7
464.1
623.7
634.9
252.2
99.5
90.1
94.2
91.3
89.1
93.1
97.5
24.6
164.2
1,211.1
1,690.1
1,828.8
79.9
162.7
165.9
,U6.7
Comnerce Interior
Maritime
activi
ties
6.9
17.2
28.3
39.5
50.8
60.5
78.2
106.8
156.8
231.8
315.6
388.5
115.6
202.9
292.8
370.8
427.5
54.1
GenenJ
Servlcea
Loan
Adminisguaranty tration
program 12/
11.0
22.7
33.7
44.2
55.6
68.2
91.2
129.2
190.0
272.8
351.3
112.7
164.0
257.1
328.6
412.8
463.8
640.4
745.6
893.8
26.8
Dept,
Adminis-
Veterans
Administration
Recon- amll
Btnic- Business
tlon
AdminFinance
istraCorp.
tion
Fed home
loan
banks
Agriculture Department
12/
32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
905.4
1,116.8
.1
Calendar years:
1950
1951
1952
1953,
1954
1955
1956
1957
1958
1959
1960
1961-Mar.
Office
of the
Admlnis
trator
U.I
Federal
Farm
Mortgage
Corp .2/
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
3,268.0
3,414.9
u
1.5
67.0
262.1
513.5
Banks
for
cooperatives
Other
i/
1,457.2
1,529.7
1,543.5
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
3,263.1
3,655.5
Farm Credit Administration
5.1
209.1
143.2
89.4
146.8
162.6
185.8
178.6
177.5
176.3
164.9
161.7
Other
Other
12/
£2/
3,780
3,779
3,742
3,695
3,651
3,601
3,555
3,509
3,522
3,470
3,406
3,369
38.3
78.4
307.6
367.7
3,779,
27.7
3,779
36.2
36.4
41.6
34.6
30.3
30.9
42.0
31.9
34.0
tK6.2
3,697,
3,651,
3,604,
3,552.
3,507.
3,557.
3,469.
3,406.
3,353.
29.4
31.2
41.1
35.1
40.1
28.6
31.8
35.1
3,469.0 31.6
3,405.5 34.5
3,406.6 J40.6
3,356.7 364.8
Trcas>uni Bulletin
122
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Footnotes to Table
1/
receivables recoverable in foreign currency as well as balances of
foreign currencies in United States depositaries, aggregating
$5,041,753 thousand in dollar equivalent. These currencies, acquired
primarily 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 cannon denominator for the
currencies of the many countries involved. Foreign currencies on
hand and on deposit, and loans under section 10^ (e) of the Agricultural Trade Development and Assistance Act of 1954, as amended,
are stated at the rates as of June 30, 1961, at which the United
States could purchase currencies on the market for regular operating
purposes. Other loans are stated at the rates at which they are to
be repaid or at rates in effect when the loans were extended.
Currencies that are dollar denominated or guaranteed as to rate of
exchange, are stated at rates specified in the agreements.
Business-type activities reporting pursuant to Department Circular
No. 966.
£/
2/
ij
Activities reporting pursuant to Supplement No. 1 to Department
Circular No. 966. These are mainly not business-type activities.
Excluded from the June 30, 1961, 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
.
2/
1
Footnotes to Table 2
1/
2/
^
See Table 1, footnote -;.
Foreign currency assets are included throughout the table. See Table
1, footnote 5.
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:
Amount
(In thousands
Activity
of dollars)
^
y
2/
8/
2/
10/
11/
iJ
Development loan fund
7^8
Small Business Administration:
Revolving fund
21,680
Veterans' Administration:
Loan guaranty program
16, 394,300
Housing and Hone Finance Agency:
Office of the Administrator:
Urban renewal fund
713, 348
Federal Housing Administration
34, 533,893
Public Housing Administration:
Local housing authority bonds and notes {commitments covered by annual contributions)
2,925,336
Local housing authority tenporary notes (guaranteed)
813,394
Agriculture Department:
Farmers' Heme Administration:
\Z2y22i^
Farm tenant mortgage insurance fund
Commerce Department:
Federal ship mortgage insurance fund
354,608
Treasury Department:
Expansion of defense production
13,637
Defense production guaranties (various activities)
171,377
Represents the remaining accountability of the United States Government in certain assets and liabilities transferred from the Reconstruction Finance Corporation effective July 1, 1954.
12/
Ijl/
\ij
1 ^/
1^
17/
18/
12/
^0/
*
Represents notes acquired from the sale of certain assets to the
Federal land banks (see footnote 1 at the end of Table 7).
The surplus is considered by the Corporation as available for future
insurance losses and related ea^enses with respect to insured
institutions.
Consists of net income from power operations of $580, 528 thousand and
net expense of nonrevenue-producing programs of $227,825 thousand.
Represents purchase money mortgages formerly classified as other
assets (^ee footnote 1 at the end of Table 7).
Represents the equity of the United States Treasury in this fund.
Represents mortgage notes and contracts for deed formerly classified
as other assets (see footnote 1 at the end of Table 7).
Includes reserves and unrealized equity in the assets of the Defense
Homes Corporation which are being liquidated by the Association.
Includes unrealized purchase discounts amounting to $5,577 thousand.
Includes operating and administrative expenses fluids.
Includes gxiaranteed logins and certificates of interest aggregating
$605,762 thousand which are held by lending agencies.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund" which will be included in
this table beginning with this issue.
The assets and liabilities of this fund exclude resources on order of
$169,635 thousand as reported by the Post Office Department.
Valued at cost, estimated if not known.- Amounts, including accumulated depreciation, are to scaae extent preliminary, and subject to
adjustment.
Receivables do not include contingent receivables of $7,900 thousand
based on contested Civil Aeronautics Board orders.
Liabilities do not include:
(l) contingent liabilities of $32,300
thousand for pending suits and damage claims; (2) postage In the
hands of the public which, for practical considerations, has been
accounted for as revenue when sold; and (3) undetermined amounts for
enployees' accrued leave and long-term leases.
Includes $8,903 thousand advanced from a revolving fund which has
been established by appropriations.
Less than $500.
Footnotes to Table 3
1/
2/
^
See Table 1, footnote 4.
Has been reduced by rescissions and transfers made by the Defense
Department stock funds (see footnote 4).
Excludes capital property such as land, structures, and equipment
as follows: Air Force, $1,186,439 thousand; Army, $1,443,272
ij
••
thousand; and Navy, $2,593,679 thousand.
Has been reduced by rescissions and transfers to other accounts as
follows:
Air Force, $455,000 thousand; Army, $2,850,500 thousand;
Navy, $1,691,500 thousand; and Marine Corps, $157,500 thousand.
Less than $500.
Footnotes to Table 4
i/
^
y
ij
^
y
2/
8/
Consists of certain activities that are reporting on a quarterly
basis. These are business-type operations.
The State Department, International Boxindary and Water Commission,
formerly included in this table Is now included in the statement
of the State Department shown in Table 4, Part B.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Represents the Cooley loan program established pursuant to the act
approved August 13, 1957 (Public Law 85-128).
See Table 1, footnote 4.
Foreign currency assets are Included throughout the table. See
Table 1, footnote 5,
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic
and critical materials,
Represents notes and mortgages acquired from credit sales of surplus
property. Formerly included with accounts and notes receivable
(see footnote 1 at the end of Table 7).
2/
11/
i2/
-
Part A
See Table 2, footnote 3.
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand; and subscriptions to
the International Monetary Fund, the International Finance
Corporation, the Inter-American Development Bank, and the International Development Association amounting to $4,125,000 thousand,
$35,168 thousand, $80,000 thousand, and $73,667 thousand, respectively.
Includes $200,371 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due
the United States in the principal amount of $1,553,256 thousand.
Includes loan to the United Kingdom amounting to $3,314,460 thousand
outstanding.
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
Represents interest on invested capital.
Less than $500.
.
.
.
December 1961
123
.CORPORATIONS AND CERTAIN OTHEJR BUSINESS-TTFE ACTIVITIES.
Footnotes to Table 4
1/
2/
i/
5/
6/
:^
Consists of activities which are required to report only on an
annual "basis as of June 30, pursuant to Supplement No. 1 to
Department Circular No. 966. These are mainly not business-type
operations. Excluded from the June 30, 1961, figures are those
activities whose reports for that date cover assets only (see
Headnote), and also certain activities of the Department of the
Defense which have not yet furnished the data required by
Supplement No. 1.
Includes the National Gallery of Art.
See Table 1, footnote 4.
Represents nonrevenue-producing operations.
Consists of: Legislative Branch - salaries and expenses of the
Office of the Superintendent of Documents; Executive Office of the
President - Bureau of the Budget, Council of Economic Advisers,
Federal Radiation Council, National Security Council, and the
President's Committee on Fund Raising Within the Federal Service;
the independent offices of Advisory Commission on Intergovernmental
Relations, Alaska International Rail and Highway Coramission, Civil
Aeronautics Board, Commission on Civil Rights, Federal Coal Mine
Safety Board of Review, Federal Trade Coramission, Foreign Claims
Settlement Commission, General Accounting Office, historical and
memorial commissions, Indian Claims Commission, National Capital
Planning Commission, National Capital Transportation Agency,
National Labor Relations Board, National Mediation Board, National
Science Foundation, Outdoor Recreation Resources Review Commission,
Renegotiation Board, Securities and Exchange Coramission, Subversive
Activities Control Board, Tax Court of the United States, United
States Study Commission - southeast river basins, and the United
States Tariff Commission; and the Housing and Home Finance Agency Office of the Administrator other than revolving funds.
Consists of: Agricultural Research Service - special foreign currency program. Extension Service, Farmer Cooperative Service, Economic Research Service, Statistical Reporting Service, AgricultureQ
Marketing Service, Foreign Agricultural Service, Commodity Exchange
Authority, Agricultural Stabilization and Conservation Service
(including the soil bank program). Office of the General Counsel,
Office of the Secretary, Office of Information, and Library.
Represents assets and liabilities of the Bureau of Public Roads
3/
2/
1 0/
11/
12/
IJ/
1^/
15/
1 6/
17/
18/
12/
*
-
Part B
exclusive of trust and deposit funds.
Consists of: general administrative activities, Office of the
Secretary; Bureau of the Census; Patent Office; and National Bureau
of Standards
Consists of military credit sales receivables of the Air Force, Array,
and Navy Departments.
Represents civil activities exclusive of the intragovemmentel revolving fund.
There is included in this figure the ajnount of $1,8^6,253 thousand
which represents the value of iinprovements provided by the Federal
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 the
General Services Administration.
Consists of: Food and Drug Administration; Preedmen's Hospital;
Office of Vocational Rehabilitation; Social Security Administration Bureau of Public Assistance, Children's Bureau, and Office of the
Commissioner; special institutions - Gallaudet College and Howard
University; and Office of the Secretary,
Consists of: Office of the Coramlssioner, Bureau of ^ort Fisheries
and Wildlife, and the nonrevolvlng fund activities of the Bureau of
Commercial Fisheries.
Includes Alaska public works.
Consists of: Departmental offices (including the Office of Mineral.^
Exploration), Coramission of Fine Arts, and the Office of the Secretary.
Includes the International Boundary and Water Ccsnmission.
Consists of: Bureau of Accounts, Bureau of the Public Debt,
Exchange Stabilization Fund, foreign currencies acquired without
dollars. Office of the Treasurer, Bureau of Narcotics, United States
Secret Service, and the fund for emergency repairs to the Bureau
of Engraving and Printing Annex Building.
Does not include the cash balance in the account of the Treasurer of
the United States
Includes foreign currencies in the dollar equivalent of $43,897
thousand held by Department of Defense disbursing officers.
Less than $500.
Footnotes to Table 8
y
y
J
2/
It inTable 3 relates to all loan programs of Government agencies.
cludes not only the United States dollar and foreign currency loans
summarized separately in Table 7, but also the loans made, all in
United States dollars, by deposit funds (Table 5) and trust revolving
funds (Table 6). Table 8 beginning June 30, I960, Includes purchase
money mortgages and similar long term paper which have been reclassified as loans pursuant to an amendment issued June 23, 1960, to Department Circular No. 966 (see footnote 1 at end of I&ble 7).
Includes guaranteed loans held by lending agencies.
The major portion of the loans of the Veterans' Administration loan
guaranty program is 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 195-2 are not available at this time.
Includes guaranteed loans held by lending agencies through December
31, 1958, and the loan to the United Kingdom.
Reports on nfiritime activities were not received by the United States
Treasury Department during the period from March 31, 19^7, through
terch 31, 1953. Reorganization Plan No. 21, effective Hay 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.
From June 30, 1956, through *rch 31, I960, the notes receivable which
had previously been classified as loans were classified as other assets
These notes have now been reand' were not included in this table.
classified as loans, and beginning June 30, I960, are included in this
National Mortgage Association, and the Small Business Adjcinistratlon.
On July 1, 1954, the regaining activities of the Corporation were
transferred to the Secretary of the Treasury to complete their liquidation, puraua.nt to the act of July 30, 1953, as amnded June 29, 1954.
The Corporation was abolished effective at the close of business
June 30, 1957, by Reorgani^.ation Plan No. 1, of 1957, and the recBlnin^
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
11/
12/
13/
Treasury.
Figures include loans for expansion of defense production from June
30, 1951, through June 30, 1953, and Federal civil defense loans
as of June 30, 1953 (see footnote 10).
Figures through March 31, I960, consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, 1960,
include also: loans of Federal Facilities Corporation, the Reconstruction Finance Corporation liquidation fund, surplus property
credit sales (see footnote 1 at end of Table 7), and loans acquired
pursuant to the Defense Production Act of 1950, as amended (50 App,
U.S.C. 2091) through March 31, 1961.
Totals include loans of Horn Owaara' Loan Corporation aaouoting to
$84.2 million as of June 30, 1950, and »9.6 milUon as of Docembor
31.
XjJ
H50.
,
Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for
community facilities service (previously included under Public WorV:Administration), prefabricated housing loans (transferred fr:Reconstruction Finance Corporation) and urban renewal loai^ .
ized by the Housing Act of 1949, as amended (42 ".",".
beginning December 31, 1951, college housing loo;
Housing Act of 1950, as amended (12 U.S.C. l?.'."):
31, 1954, loans held by the revolving fund
the act approved June 24, 1954 (68 Stat. :
only Alaska housing, comnunity facilities
housing loans already included but also loans una^.-r tne famj ^^--^^ity
Administration program, the public war housing program, and thi,
'
:•
'
•
10/
table (see footnote 1 at end of Table 7).
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 i09 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. 2091-2C94), which had been transferred to the SecreUry of the Treasury as of September 23, 1953, and as 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
-
.
''^ *'"
* ••
~
veterans' re-use hr
handled by the Pub"
1955, public works
1954 approved August t, 1^5^ (.-" '-'.5.". .'
1956, public facility loans authorized by t
1955 approved August 11, 1955 (42 U.S.C. 1..
IvoC,
31, 1956, June 30, 1957, and from June 30,
1961, comunlty disposal operations loans author
August
v—
•
approved
4, .
1955
of
Uy Act
E:
utlve Order Mo. 10657 of February 14, lv».
''
.
;
.
,
'
-
Trcasurii Bulletin
124
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITrES-
Footnotes to Table 8 -(Continued*
1^/
16/
17/
18/
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,
Its
secondary iiarket operations, and special assistance functions.
activities under these three functions began on November 1, 1954.
mortgage
and
From June 30, 1956, through March 31, I960, the
notes
sales contracts which had previously been classified as loans were
classified as other assets and were not included in this table.
These mortgage notes and sales contracts have now been reclassified
as loans, and beginning June 30, I960, are included in this table (see
footnote 1 at end of Table 7).
Ail figures in this column include the loans of the low-rent public
housing program fund (formerly known as the United States 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 14).
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,
Prior to June 30, 1956, the farm tenant mortgage Insurance fund
1956.
12/
20/
»
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 loans of the Reconstruction Finance Corporation liquidation fund
beginning December 31, 1957 (see footnote 10).
The major portion of the loans is 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, Indian loans, and Alaska public works loans
beginning June 30, I960; Department of the Arn\y - guaranteed loans
(World War IIJ through December 31, 1957; Office of Education loans to students and educational institutions as of June 30, 1959,
and from June 30, I960, through June 30, 1961; Federal Savings and
Loan Insurance Corporation and Defense Department (military assistance credit sales) beginning June 30, 1960; 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 Anny
beginning June 30, 1951, Navy beginning December 31, 1951, and Air
Force beginning Jxme 30, 1956, and the General Services Administration frcm September 30, 1959, through March 31, I960.
Less than $50,000.
,
.
December 1961
125
.CTMULATrVE TABLE OF COHTEJTrS,
January through December 1961
Issue and page number
1%1
Jan.
Apr.
Uey
July
Aug.
Sept.
Oct.
Reporting bases
Articles:
Treasury financing operations
Sunmary of Federal fiscal operations
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
9
9
9
10
9
9
10
11
9
9
10
9
9
10
11
9
9
10
9
9
10
11
9
9
10
11
9
9
10
11
10
11
11
9
9
10
11
13
13
13
13
15
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
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 expenditures
Net Investment by Government agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Ra llroad 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, 1961)
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
Intragovemmental 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....
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
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
interest-bearing public debt
Special public debt Issues to U. S. Government investment accounts.
Treasury holdings of securities Issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
9
11
11
13
13
U
U
U
14
15
15
15
16
15
16
16
19
19
14
u
u
19
19
20
21
21
15
16
16
15
16
16
20
21
21
U
17
U
15
15
20
20
15
15
16
17
17
21
22
22
16
15
15
15
16
16
15
16
16
17
17
17
16
17
17
18
23
19
20
24
25
19
20
19
20
24
25
20
21
25
26
20
20
21
20
21
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
22
22
23
27
27
28
22
22
23
22
22
23
22
23
24
27
28
29
22
23
24
22
23
24
27
28
29
22
23
24
23
24
25
28
29
30
23
24
25
23
24
25
25
30
25
26
31
26
31
26
32
27
27
29
28
30
33
35
28
30
28
30
31
32
37
32
32
30
Statutory debt limitation
19
31
26
32
27
29
27
29
31
31
32
34
36
33
33
38
33
34
39
34
34
39
44
39
39
42
47
42
42
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Trea sury bills
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills. .
Disposition of matured public marketable securities other than
regular weekly Treasury bills. .
.
27
29
31
34
36
33
38
38
43
38
38
43
38
41
46
41
41
46
41
(Continued on following page)
.
126
Tr
rcasurij
Bulk' till
.CUMULATIVE TABLE OF COHTEWTS.
January through December 1961
-
(Continued)
Issue and page number
1961
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
Seles and redemptions by denominations, Series E and H combined..
Sales by States, Series E and H combined
Jan.
Feb.
46
^6
47
49
51
51
52
54
55
46
46
47
49
Apr.
Uay
June
July
Aug.
46
46
47
49
51
51
46
46
47
49
48
48
49
53
53
54
56
52
54
55
51
Sept.
Oct.
48
48
49
48
48
49
51
51
52
53
52
53
54
54
57
56
58
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
Est ima ted ownership
50
57
50
56
50
51
57
58
50
51
56
57
50
51
52
53
52
59
52
58
52
54
58
59
59
60
Treastjry survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by coranercial banks classified by membership In Federal
Reserve System (latest date June 30, 1961)
56
58
Market quotations:
End-of -month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
63
65
60
62
56
58
62
64
56
58
58
65
60
67
62
64
58
60
68
70
66
67
63
64
59
60
60
65
66
59
60
61
62
63
69
65
66
61
62
71
72
61
62
68
69
65
66
61
62
67
68
61
62
63
64
70
71
67
68
63
64
73
74
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds. .
.
59
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources.
Summary by States, calendar year 1960
Detail of excise tax collections
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, 1961)
69
63
63
64
64
65
66
70
69
71
71
72
73
70
70
71
72
63
64
64
65
66
70
71
71
72
73
65
66
66
67
68
69
65
66
66
67
68
72
73
73
74
75
71
72
72
73
74
65
66
66
67
68
75
76
76
77
78
73
Exchange Stabilization Fund (latest date June 30, 1961):
Balance sheet
Foreign exchange transactions
U. S. stabilization agreements
Income and expense
79
79
80
80
74
'75
National bank reports:
Earnings, expenses, and dividends for calendar years 1956-60
69
International financial statistics
69
75
69
76
79
83
84
70
73
77
78
85
79
80
Capital movements between the United States and foreign countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial 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 1960
67
70
74
75
76
77
76
79
83
84
73
76
67
70
80
74
75
81
82
76
77
76
79
83
70
70
73
73
84
77
78
77
78
85
79
79
79
82
86
87
80
32
85
89
90
91
83
87
88
84
Corporations and certain other business-type activities:
Statements of financial condition (latest date June 30, 1961)
Income and expense (latest date December 31, 1960)
Source and application of funds (latest date December 31, 1960)
79
79
98
83
88
108
GPO-9 22425
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25. D.C.
OFFICIAL BUSINESS
^-e_2^
U S TREASURY LIBRARY
1
1
0032012
@FedFRASER