Full text of Treasury Bulletin : December 1962
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DEC
19
1963
LIBRARY
ROOM 5030
JUN 2 31972
TREASURY DEPARTMENT
POSTAGE AND PEU
TREASURY OBPAR
TREASURY DEPARTMENT
U. S.
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25. DC.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
mEAWRY.
EUHILIETm
DECEMBER -I9BS
UNITED STRTES TREflSURV DEPARTMENT
OFFICE DF THE SECRETBRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year 18.50 domestic, $11.00 foreign
Single copy price varies
December 1962
Table of Contents
Page
A-1
Treasury financing operations
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
12
.Cash income and outgo
17
Account of the Treasurer of the United States
25
Debt outstanding
27
Statutory debt limitation
32
Public debt operations
33
United States savings bonds
57
Ownership of Federal securities
61
Treasury survey of ownership of Federal
securities
°3
Market quotations on Treasury securities
67
Average yields of long-tenn bonds
70
Monetary statistics
72
International financial statistics
76
•
Capital movements
Corporations and certain other business-type
activities - income and expense, and source and
application of funds
Cumulative table of contents
77
°9
134
II
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which
appear
in the "Treasury Bulletin" are baaed largely
on two Treasury
financial reports, the "Dally Statement of the
itures and Balances of the United States
Government" and
for actual receipts and ejqDendltures in the
"Budget of the
United States Government."
tary statistics are based at least In part
on the "Circulation Statement of United States Money." Where
thene statements are given as sources for Individual tables,
they are
cited by name only. Their respective reporting
bases are
Beginning with the final statement for the fiscal
year i960, the monthly statement reports
totals for net
budget receipts and budget expenditures
after deduction
of certain interfund transactions which
are included in
the detail of both budget receipts and
budget expenditures.
United States
Treasury" and the "Monthly Statement of Receipts
and Expenditures of the United States Government."
Certain mone-
described below. For other data In the Bulletin, Information on sources or reporting bases Is given In
connection
with the tables themselves.
The monthly statement of receipts and expenditures
was first published for February 195I1, and
replaced the
dally statement as the primary source of Information
on
budget results and other receipt and expenditure
data
classified by type of account. At the same time, the
dally statement was changed to a statement of cash
deposits
and withdrawals affecting the account of the
Treasurer of
the United States.
Both publications have provided comparative figures on their respective bases from
the beginning
of the fiscal year I953. The announcement of
February
17,
with respect to these reporting changes may be
found
In the April 195I+ issue of the Bulletin.
195'+,
The monthly statement shows all receipts and
expenditures of the Government, Including those made
from cash
accounts held outside the United States Treasury.
The
information Is compiled 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
reports cover
transactions recorded in the accounts of the
agencies
during the reporting period. The net of the
transactions
as. compiled from these reports
is reconciled in the 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 outstanding.
Receipts of taxes and customs duties are reported
on a
collections basis, other receipts are reported
partially
on a collections basis and partially on
a deposits basis.
Expenditures, except interest on the public
debt, are reported on the basis of checks issued or
cash payments made
by disbursing officers. Transactions
of an Interfund or
Intragovernmental nature are Included on the
same basis
even though the actual Issuance of
checks may not be involved.
Interest on the public debt is included on an
accrual basis beginning with figures for June
I955 and
the fiscal year 1955.
Prior to that, It was Included on
a due and payable basis.
The same reporting basis as that
the monthly statement provides the
fiscal year figures
m
for the Treasury's "Combined Statement
of Receipts, Expend-
The transactions deducted consist of
interest payments and
minor amounts of certain other payments made
by Government
agencies to the Treasury. This reporting change
was made In
accordance with the plan stated in the President's
Budget
Message of January IS, i960. It does not
affect the surplus
or deficit. Figures for earlier periods shown
in the Treasury Bulletin were revised to the new
reporting basis in the
September i960 issue. The interfund transactions
deducted
under this procedure do not include payments
to the Treasury by wholly owned Government 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,
and figures for prior fiscal years back through
1932
were revised accordingly at that time.
19'^,
The -daily statement on the new basis was
first issued
for February 17, 195!^.
the deposits and withdrawals as
shown, no distinction is made as to the type
of accounts
(budget, trust, etc.).
The deposits are on the basis of
certificates of deposit cleared through the account
of the
Treasurer of the United States. Total withdrawals
are on
the basis of checks paid or cash disbursements
made out of
the Treasurer's account.
Some of the withdrawal
m
classi-
fications shown are reported on the basis of mailed
reports
of checks Issued and are adjusted by means of
clearing accounts to the total of checks paid.
Except for relatively
minor amounts, noncash interfund and other
Intragovernmental
transactions are excluded. The public debt figures In
the
dally statement also are on a "clearance" basis,
with the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Noncash debt transactions are Included, however.
Banks.
The dally statement before February 17, 1951+, covered
not only transactions cleared through the
Treasurer's account but also certain Government agency transactions
which
were handled through commercial bank accounts,
and included
noncash interfund and other intragovernmental
transactions.
It provided information similar to that in
the present daily
statement with respect to the status of the
Treasurer's account, and similar to that in the present
end-of-month
daily
statement with respect to debt issuance, retirement,
and
amount outstanding. Receipts and
expenditures, however, were
classified by type of account, and the budget
results shown
December 1962
III
Reporting Bases
In the dally statement were used a* the basis for reflecting
the results under the President
'
s
budget program as enacted
by the Congrese.
Receipts were on the basis of deposits as they cleared
the Treasurer's accoxint.
Expenditures cleared through the
(Continued)
-
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November I9U9 and on a checks-paid basis prior to that time.
the Treasurer's account were reported on two successive
The circulation statement reflects transactions through
Through V^hd they were on the basis of checks paid
by the Treasurer of the United States. Beginning with 19'+7.
expenditures made through the facilities of the Treasury
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency In the money
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
statement,
bases.
of the Department of Defense and Its predecessor organizations, were on the basis of checks paid.
Transactions han-
It Is Issued later than the dally
however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
supply of the country.
that period.
shown.
unrounded figures, the details may not check to the totals
Where calculations have been made from
December 1962
K-l
Treasury Financing Operations
I
Exchangee of F and a Savings Bonds for Marketable Bonda
Holders of the $h^S million of outstanding Series F
and
savings bonds maturing from January 1, 1963, through
April 1, 196'^, exchanged |7M- million for the marketable
Treasury bonds offered in November, according to a prelim-
In this offering, the exchange values of the savings
bonds were higher than their current redemption values and
were set to provide an Investment yield of approximately one
inary report on December J, 1962. Exchanges for the 3-7/S
percent Treasury bonds of I97I totaled $Uo million and for
the 4 percent Treasury bonds of 19SO, $3^ million.
Both
marketable bonds were Issued at 99.50. Series F bonds ex-
bonds.
changed amounted to $7 million and Series G bonds, to $67
million.
Exchanges were made on the basis of equal face
eunountB and were allotted In full.
The new marketable bonds
to the respective maturity dates of the marketable bonds.
are additional to the $1,20U million outstanding of the
3-7/8 percent bonds maturing November I5, 1971» and to the
$1,4-46 million outstanding of the 4 percent bonds maturing
February 15, I9S0. The decision to Include the F and G
bonds maturing In 19^4, In the offer of exchange at this
time, rather than limiting It, as In the past, to those
percent per annum more than otherwise would accrue from
December I5, 1962 to the maturity dates of the savings
The exchange provides an Investment yield of approximately 3>94 percent per annum on the 3-7/8 percent bonds
and approximately 4.04 percent per annxuu on the 4 percent
bonds from the maturity dates of the F and
All subscribers were charged accrued interest from
November 15 to December 15, 1962 on the 3-7/8 percent bonds,
stnd from August 15 to December 15, 1962 on the 4 percent
bonds; they also were charged or credited for differences
between the offering price of the new bonds and the exchange
Values of the F and G bonds.
of -
Exchange values of the savings
bonds, the differences between those values and the offering
Exchange values of F bonds and interest adjustments In
exchange for 3-7/8 percent Treasury bonds of 1971
F bonds
maturing
on the
first day
bonds exchanged
A-2
Treasury Bulletin
Treasury Financing Operations
tered as to principal and Interest,
In denominations of
500, $1,000, $1,000, $10,000, $100,000, and $1,000,000.
Holders of f and & bonds aggregating less than an even
multiple of $500 maturity value could exchange them for
the next higher multiple of $500 upon payment In cash «f
the difference.
-
(Continued)
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 F bonds and interest adjustaents In
exchange for A percent Treasury bonds of 1980
F bonds
maturing
on the
first day
of -
December 1962
A-3
Treasury Financing Operatlone
-
(Continued)
Exchange values of G bonds and interest adjustments in
exchange for 3-7/8 percent Treasury bonds of 1971
Treasury Bulletin
A-1^
Treasury Financing Operations
-
(Continued)
Exchange values of G bonds and Interest adjustments in
exchange for A percent Treasxiry bonds of 1980
December 1962
A-5
Treasury Financing Operations
Weekly Bills Again Inoreaaed
New iBBues of weekly Treasury bills In November aggregated $11.2 billion. They consisted of $10.2 billion
Issued weekly, which refunded $9.5 billion maturing and
provided $0.7 billion of "new money," and also the $1
billion strip of additional JlOO million amounts of ten
series of outstanding bills maturing weekly from January I7
through March 21, I963, which was auctioned for cash on
November
7.
In fiscal I963 through November, by Increasing
the amounts of weekly bills the Treasury has raised ik.l
billion of new cash.
The terms of the $10.2 billion of bills were as folJows.
Of the five Issues of 13-week bills, for |1.3 billion
each,
all have 91-day maturities except that Issued November
The first three 25-week Issues
23, which was for 90 days.
were for $0.7 billion each, with lg2-day maturities; the
Issues for November 23 and 29 were for $0.3 billion each,
the former for ISl days, and the latter for IS3 days.
Average rates of discount on these bills are shown In the
following table.
13-week
-
(Continued)
..
,
December 1962
SUMMARY OF FIDEEIAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
Expenditures
receipts
1/
1/
Surplus
Net of
trust
account
and other
deficit
actions
(-)
Net
Clearing
account,
etc. 2/
s/'
Fiscal yea
1950
1951
1952
1953....
1954
1955
1956
1957
1958
1959
1960
1961
1962
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
In
public
debt, or
decrea se
(-)
483
Levels, end of period
Net
Increase
Increase in
Treasurer's
account
balance, or
decrease (-)
Treasurer'
account
balance
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
-447
62
1,770
-1,488
603
-635
-117
179
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
Debt outstanding
Public
debt
Total
Guaranteed
Federal
securities
securities
Subject to
limitation
-602
-523
530
-6
-145
507
436
448
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
-185
712
408
-58
692
508
-1,582
1,463
-3,072
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,196
290,740
287,682
289,796
290,340
287,284
516
2,158
-1,175
-761
1,128
1,532
4,034
5,162
6,694
287,987
290, L46
288,971
219
225
240
288,206
290,371
289,211
287,809
289,975
288,862
679
147
435
328
231
-194
195
633
-329
-50
-2U
-401
-250
-303
284
522
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
103
104
109
127
156
330
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
107
101
111
UO
240
444
1963 (Est.)..
85,900
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
-7,088
-7,040
1,953
-6,306
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
4,846
6,537
8,524
6,470
6,236
7,012
-1,624
301
1,512
-629
5,125
6,467
10,831
6,450
7,169
7,961
-1,325
-702
2,870
-377
-149
2,982
6,367
8,945
6,322
7,631
6,771
-3,340
-1,265
2,174
-129
-498
682
3,433
1,310
Sept
35
-101
-572
2,936
6,593
6,020
8,956
292,404
293, 7U
293,750
239
249
271
292 ,643
293,964
294,020
292,199
293,521
293,579
Oct
Nov
Deo
3,141
6,424
7,967
7,796
7,485
7,160
-4,655
-1,060
807
-154
317
258
140
-543
10
1,911
1,350
-842
-2,759
63
234
6,197
6,261
6,494
295,660
297,011
296,169
299
330
295,959
297,325
296,499
295,520
296,886
296,061
1962- Jan
Feb
5,357
6,729
9,104
7,395
6,858
7,749
-2,038
-129
1,356
-152
333
-78
978
345
-1,513
644
1,293
4,981
5,626
6,919
2%, 513
470
-896
296,983
296,088
347
371
402
296,860
297,354
296,489
296,422
296,917
296,054
5,754
7,024
11,615
7,289
7,229
8,102
-1,535
-205
3,513
258
-317
-384
-130
67
864
2,222
-973
-924
2,1^5
2,290
5,995
8,141
10,430
296,952
299,174
298,201
405
430
444
297,357
299,604
298,645
296,922
299,170
298,212
3,566
7,089
10,053
7,252
8,541
7,327
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
738
6,380
8,530
9,268
297,876
301,842
299,498
V,8
470
487
298,324
302,312
299,986
297,891
301,938
299,612
189
302,181
305,521
305,521
Months:
1961-Jan
Feb
Mar
Apr
May
June.
. .
July
Aug
Mar
Apr
May
June ,
. ,
July.
. .
Aug
Sept....
592
381
-145
132
355
622
828
83
-181
53
315
Oct
Nov
3,030
7,027
8,524
8,070
-5,494
-1,042
-15
106
•1,796
2,569
3,323
-2,750
591
6,518
7,109
302,067
305,390
486
503
302,553
305,893
1963 to date..
30,766
39,7L4
-8,948
115
-1,677
7,189
-3,322
7,109
305,390
503
305,893
I
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the dally Treasijry statement, and thereafter from the
monthly statement of receipts and expenditures of the Go\'ernment (for
explanation of reporting bases, see page II): estimates are from the
1963 Budget Review, released November 13, 1962, 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 the
Treasury Bulletin, and calendar year figures beginning with the June
1961 Issue exclude certain Interfund transactions from both net budget
receipts and budget expenditures (see pages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the bxidget surplus or
deficit,
2/ Excess of receipts, or expenditures (-). For detail, see pages 12 - 16.
2/ For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
i/
a.
interest checks and coupons outstanding); 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 this table and the date when each
became effective are as follows: $275 billion, on June 26. 1946; J281
billion, on August 28, 1954; *278 billion, on July 1, 1956; $275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; $293 billion, on July 1, 1960; $298 billion,
on July 1, 1961; and $300 billion on March 13, 1962, The limit is
$308 billion from July 1, 1962, through March 31, 1963, $305 billion
from April 1 through June 24, 1963, and $300 billion from June
25 through June 30, 1963.
Not available.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
.
..
.
December 1962
.BOTGET RECEIPTS AND EXPEMDITUKES
Table 2.- Detail of Mlecellaneous Receipts by Major Categories
(In millions of dollars)
RealizaDividends tion upon
and other loans and
earnings investments
Royalties
Sale of
Government
property
Sale of
products
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services
Fines,
penalties
and forfeitures
Other
1/
etc.
2,559
3,006
2,749
3,196
3,158
4,064
4,082
3,206
1955
1956
1957
1958
1959
1%0
1961
1962
408
554
628
745
601
967
942
877
252
291
438
674
506
1,111
805
743
274
296
328
328
587
436
1,012
371
410
471
266
322
343
ru
182
154
363
480
387
345
325
392
343
263
93
96
114
121
253
313
312
304
350
374
330
342
225
1.94
212
194
160
161
133
111
100
101
93
325
38
366
1963 (Est.).
269
198
161
1962- Jan
Feb
Mar
Apr.
.
..
May
1%3
June
4
July.
.
243
216
15
5M
277
Aug....
Sept . .
685
300
517
Oct
Nov ...
218
225
to date
1,944
415 2/
27
24
24
170
377
515
163
43
Source: Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on the
anthly statement reporting basis (see page II); and from the monthly
stataaent of receipts and expenditures thereafter. Estimates are from
the 1963 Budget Reylew, released November 13, 1%2, including effects
of proposed legislation.
1/
2/
»
Footnotes to Table
6/
2/
8/
2/
10/
11/
Includes adjustments as follows for:
Income taxes not withheld,
January -$6 million, April -$450 million, June -$12 million, and
October -$4 million; income taxes withheld, January -$47 million,
April +$74 million, June +489 million, and October -$142 million;
transfers to Federal Old-Age and Survivors Insurance Trust Fund,
January +$49 million, April +$348 million, June -$70 million, and
October +$134 million; and transfers to Federal Disability Insurance Tr\ist Fund, January +$3 million, April +$29 million, June
-$8 million, and October +$12 million. See also footnote 8
Interest on refunds Is included in expenditures In Table 3.
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 fxind are based on estimates of oldage Insurance 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. See also footnote 16,
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
The act appropriated to the trust fund amounts
U.S.C. 401 (b)).
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age Insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to the
Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax
were increased by the percentages appropriated to the Federal Dlsabllity Insurance Trust Fund, the increase being applicable to wages
paid and taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
In the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The anployment Security Act of 1960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund an administra-
12/
12/
llj
1^
16/
12/
»
1
19
25
62
Consists of miscellaneoxis taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bxillion charges, and gifts
and contributions.
Includes $210 million received from the French Government and $179
million from the Italian Government for prepayment of loans,
Not available.
Less than $500,000.
n,a.
-
((Continued)
tion account, and appropriated for credit to that account, beginning
with fiscal 1961 ^mounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred ciirrently 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.
The Highway Revenue Act of 1956, as amended, (23 O.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 October 1, 1972. The act appropriated
to this fund amounts equivalent to specified percentages of. receipts
frota 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 be made In subsequent transfers. Before; fiscal 1957
corresponding excise tax receipts were included in net budget receipts
and Federal-aid highway expenditures were included In budget expenditures.
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 certain interfund transactions (see footnote 13).
Transfers reduced by $300 million to adjust those made earlier on
basis of estimates (see footnote 8).
Beginning fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the
transfers of tax receipts shown herein, and are included with
refunds of mtemal revenius receipts, applicable to trust accounts.
Reflects gross amounts based on reimbursements by trust accounts for
refunds of taxes which were made in previous months or fiscal years.
Less than $500,000.
,
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Corporation Income and Profits Taxes
Billions
-Individual Income Taxond-
Employment Taxes*
ll
•63
Estate and Gift Taxes
b
1949
'51
-53
-55
'57
'59
-61
.
.
December 1962
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Legislative
Branch
1955.
1956.
1957.
1958.
1959.
126
134
153
1960.
1961.
1962
1963 (Est.)
Executive
Office
of the
President
Funds
appropriat
to the
President
Agriculture
Department
4,381
4,473
4,115
4,081
4,109
4,636
5,177
5,006
4,875
7,091
1,764 2/
1,808
2,053
5,419
5.929
6,669
2,458
Commerce
Department
1,077
1,293
562 2/
645
382
539
498
594
Military
Civil
functions
548
573
Health,
Education,
and
Welfare
Department
35,532
35,791
38,439
39,062
41,233
639
733
807
1,993
2,071
2,295
2,645
3,092
42,824
44,677
48,205
902
971
999
3,403
3,685
4,215
162
139
195
447
426
542
4,044
3,865
4,338
421
369
370
April...
190
403
350
603
4,046
4,528
4,778
75
112
351
299
331
June
Ul
.
.
217
July
August .
September
UO
188
154
1,174
677
4,208
3,823
113
104
450
404
389
October.
November
266
229
1,023
4,360
4,331
122
112
412
390
1963 to date.
515
512
572
182
216
666
751
229
250
690
258
284
294
801
908
49,700
1962-January.
February
March. .,
May
Interior Justice
Depart- Department
ment
3,692
4,186
77
2U
Labor
Department
Post
Office
Department 1/
State
Department
Treasury Bulletin
-BUDGET EECEIPTS AND EXPENDITURES.
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
,
December 1962
- BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorlzatlonp, Expenditures, and Balances, by Agencies,
as of October 31, 1962
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Additional, fiscal year 1963 to date
Unexpended
balances
brought forward
July 1, 1962
1/ 2/
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
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
Treasxiry Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to
79
,
Total
794
49,567
356
1,325
1,086
1,325
1,086
1,832
451
36
4,484
1,017
307
4,484
1,034
307
28,697
2,785
230
325
373
130
12,864
1,158
850
10,898
96
907
414
10,792
3,135
766
572
635
3,674
5,253
1,235
59
10,792
3,135
746
572
359
3,674
5,253
1,241
59
78,745
97,904
98,158
416
1,205
585
534
issions,
ancellatlons,
Re;
nd other
djustments 2/
'
325
907
4U
Unexpended balances October 31, 1962
Deduct:
Certain Interfund transactions.
Total budget expenditures
V
6/
146
46
20
8,611
3,486
1,084
748
,563
237
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
377
,655
397
104
169
228
198
929
248
156
254
650
386
1,052
346
7,356
3,410
1,057
945
1,044
4,182
,770
4,050
240
1,675
113
,601
42
Total 2/
182
36
46
20
U,639
6,028
3,421
300
7,000
1,610
62,528
62,528
3,733
1,005
22
4,662
976
238
,735
93
626
190
9,551
3,733
1,015
22
4,662
1,088
238
386
1,052
346
7,606
3,410
1,084
945
12,911
4,182
4,333
11,863
113
-7 2/
3,553
1,584
136
31,644
Bureau of Accounts. Details for the current fiscal year to date
Source:
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
2/
i/
Undisbursed
appropriations
,781
Total
^
147
61
23
5,189
6,135
Deductions, fiscal year 1963 to date
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
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
Trea sury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
expenditures of the Government
^
Transfers,
borrowings,
investments
6/
Other authorizations
49,567
10,198
3,9ai
1,060
,
2/
Authorizations
to expend from
debt receipts
156
61
23
5,189
6,659
788
3
,
Appropriations
Includes reapproprlations.
Consists of authorizations by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Consists of transfers between appropriations; net borrowings from or
2/
8/
2/
•
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 issueo by
Government enterprises.
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary
data used in the monthly statement of receipts and expenditures of the
Government
Less than $500,000.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
,
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
,
December 1962
BUDGET RECEIPTS AND EXPENDITURES
Table 6.
Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
(Continued)
10
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES.
Table
7.
Detail of Excise Tax Receipts
(in thousands of dollars)
First quarter
of fiscal year
Type of tax
1962
(July-Sept. 1961)
.
1963
(July-Sept.
1%2)
Alcohol taxes: i/
Distilled spirits
Wines
Beer.
. .
,
Total alcohol taxes
2,292,425
100,369
800,921
2,3U,746
97,803
800,252
2,423,330
99,922
818,030
559,923
20,859
232,737
576,492
22,822
237,310
3,193,7M
3,212,801
3,341,282
813,520
836,624
50,117
1,863,562
17,825
49,604
1,923,540
17,974
49,726 2/
1,956,527
19,483
13,377
484,795
4,462
12,906 2/
498,544
4,559
Tobacco taxes: 1/
Cigars
Cigarettes
Other
Total tobacco taxes
2,025,736
502,634
516,010
Documentary and certain other stamp taxes:
Ul,290
Documentary stamp taxes j/
Playing cards
Silver bullion sales or transfers
131,134
8,075
Total documentary and certain other stamp taxes
139,231
M9,350
2,015,863
81,679
304,466
1,331,292
271,938
189,476
169,451
50,034
69,276
1,986
24,324
18,023
13,611
5,836
99,370
26,234
31,762
2,370,303
279,572
1,228,629
236,659
188,819
148,989
55,920
64,483
1,549
22,823
18,113
14,710
6,253
98,305
25,268
32,924
2,406,001
72,931
360,338
1,300,344
256,275
197,227
171,717
54,636
65,574
1,762
2A,299
19,036
15,458
6,032
81,710
25,306
33,990
620,445
19,058
80,612
324,019
70,024
45,288
30,726
18,370
17,532
416
4,591
3,400
4,531
1,667
23,028
6,819
7,999
630,926
19,911
103,244
399,551
77,409
52,958
37,982
20,571
15,407
376
4,984
3,451
4,768
1,727
18,989
6,949
8,332
15,590
9,632
5,287
U,985
M,912
9,035
5,165
8,138
4,653
4,235
1,923
1,124
4,769
1,720
4, 8%, 802
5,120,340
1,285,805
8,046
U
150,639
8,625
55
35,333
1,848
3r
34,391
1,797
32
37,185
Manufacturers' excise taxes:
^
Gasoline
Lubricating oil, etc
Tires, tubes, and tread rubber
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc.
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc
Refrigerators, freezers, air-conditioners, etc
Electric, gas, and oil appliances
Pistols and revolvers
Phonograph records
Musical instruments
Sporting goods (other than fishing rods, creels, etc.).
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, filiD, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters
Matches
^
^
Total isan\ifactiu*ers' excise taxes
74,2%
1,2U
Retailers' excise taxes:
Furs
Jewelry, etc
Luggage , etc
Toilet preparations
30,207
165,699
62,573
120,211
29,226
168,498
68,182
131,743
30,921
173,608
68,599
142,792
4,269
39,036
16,412
33,279
3,637
37,525
17,502
34,821
Total retailers' excise taxes
378,690
397,649
415,920
92,9%
93,485
Footnotes at end of table.
(Continued on following page)
)
December 1962
11
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(
-
,
(Continued)
In thousands of dollars
First quarter
of fiscal year
Type of tax
1962
(July-Sept. 1961)
1963
(July-Sept. 1962)
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, wire and equipment service...
General telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property (including coal) 2/
Use of safe deposit boxes
Coconut and other vegetable oils processed 6/
Sugar
Diesel and special motor fuels
2/
Narcotics and marihuana, including occupational taxe;
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 ij
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
34,494
49,605
67,187
36,679
33,603
64,357
33,382
35,037
68,300
10,133
8,759
19,036
10,599
9,058
18,350
312,055
426,242
50
255,459
3,140
6,373
389
89,856
71,369
1,076
5,348
344,764
489,155
49
260,052
568
6,546
87,135
122,603
81,715
115,637
5
1
2
3,670
560
6,084
343,894
433,403
387
264,262
1,306
6,581
89
91,818
88,856
1,107
5,535
18,375
4,317
641
6,632
95,153
103,556
1,089
4,794
14,824
4,184
580
5,349
24,821
25,311
260
2,581
9,171
2,409
250
1,607
23,499
25,349
275
2,866
10,356
2,962
227
1,398
38,333
45,575
79,761
41,080
49,768
,
^
^
Total miscellaneous excise taxes
Total received with returns and from sale of stamps...
Undistributed depositary receipts 8/
Unapplied collections
Total excise taxes
U,989
67,073
102
1,520
66
1,386,829
1,497,526
1,552,250
426,068
420,829
11,765,097
12,U5,245
12,614,843
3,153,207
3,318,403
98,007
-81,639
98,351
-4,132
14,377
1,637
696
38,977
2,137
63,605
11,864,741
12,064,302
12,752,176
3,156,261
3,396,385
y
1/
^
^
3
69,059
166
1,642
32
Source:
2/
8
Internal Revenue Service reports. 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.
Beginning October 1, 1961, the Bureau of Customs was authorized to
accept and deposit payments of internal revenue taxes on tobacco
items imported or brought into the United States (26 C.F.R. 275.62).
Collections of this type by Customs during October 1961 were included with reporting on class E cigars.
Taxes on Issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies Issued by foreign insiirers.
6/
ij
8/
r
Beginning with the fiscal year 1957, collections reflect the provisions of the Highway Revenue Act of 1956, approved June 29, 1956
(23 U.S.O. 120 note).
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 suspended
until June 30, 1963, under an act approved April 22, 1960 (26 U.S.C.
4511 (a)).
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.
Revised,
..
..
.,
'
12
Treasury Bulletin
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1«- Suminary of Trust Account and Other Transactions
(In millions of dollars)
Trust and deposit fund accounts
Net receipts, or
expenditures (-),
from trust accoTint
and other transactlons
231
-194
195
633
-329
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962
1%3
-50
Excess of
receipts, or
expenditures (-)
991 2/
2,250
1,409
262
-1,511
-359
-602
565
436
213
-152
381
-1,455
Net
expenditures
1/
1/
9,521
11,673
14,359
16,319
16,950
20,534 V"
23,583
24,325
8,530 2/
9,423
12,950
16,057
18,461
20,893
23,018 1/
24,111
26,823
26,252
Net sale, or investment
(-)j by Government
agencies in public debt
securities 2/
-7U
-435
-435
716
-212
2,743
1,828
2,322
2,027
2,040
1,137
-437
13
June
132
258
-317
-279
2,461
320
1,587
4,053
2,575
1,867
1,591
2,255
455
-2,182
-642
July
August . . .
September,
208
-59
-126
-664
1,365
-739
1,194
3,447
1,622
1,859
2,082
2,362
992
-1,470
572
-821
485
1,377
2,531
2,197
2,047
796
-382
April,
.
.
May
October,
November,
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 1963 Budget Review, released
Novanber 13, 1962, 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.
2/ Also includes guaranteed securities (see Table 4).
2/ Effective July 1, 1955, security transactions of Government-sponsored
enterprises are included in deposit fund account expenditures (net)
^
5/
n.a.
602 i/
173
1,085
567
71
1,023
-733
658
1,112
-U5
.
Net sale, or redemption
(-), of securities of
Government agencies in
the market
-1,362 i/
-2,617
-2,300
-197
V
V
(Est.)...
1962-January.
February.
March. ..
Net
receipts
165
102
-119
46
41
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.
Adjusted for reclassification of certain repayments of advances from
the general fund,
Beginning fiscal 1961, refunds of taxes (principal only) are deducted
from receipts, and therefore are excluded from expenditures,
Not available.
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
FOASI
Trust
Fund
Fiscal year
or month
ability
Ins.
Trust
Railroad
Retirement
Account
ployment
Trust
Fund
Ftoid
1955
1956
1957
1958
1959
1960
1961
1962
5,586
7,003
7,159
7,900
8,182
10,439
11,824 i/
12,011
1963 (Est.)
13,853
1%2- January
February.
. .
March
April
339
943
938
1,071
1,083 1/
1,092
148
1,656
1,046
13
June
728
2,303
1,109
189
120
July
Auguat
September .
409
1,848
840
36
156
76
520
1,256
44
108
May
October
November,.
.
,
700
739
723
695
758
1,403
1,051
1,081
1,425
1,728
1,912
1,855
1,997
2,703
3,803
3,985
y^
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees
retirement
funds
Highway
Trust
Fund
Other
trust
accounts
1/
Less:
Total
trust
accounts
Intertrust
fund
transactions 2/
Net
trust
receipts
J/
..
December 1962
13
TBUST ACCOUNT AND OTHEE TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollar
tlve figures are excess of credits)
Trust accounts, etc
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
585
'i,';87
,
5,551
6,723
8,116
9,454
11,152
11,752 2/
13,270
1963 (Est.)...
1962-January.
February.
March. ...
April. ...
181
371
571
746 2/
84
July
August ,
September
1,U6
93
October,
November,
1,173
1,167
. ,
1,157
1,157
Unemployment
Trust
Fund
1,965
1,393
1,644
3,148
3,054
2,736
4,734 i/ i/
3,906
National
Service Life
Insurance
Fund
538
512
515
544
562
582
707
626
Government
Life
Insurance
Fund
Federal
employees'
ret irement
funds
430
507
591
699
792
896
955
1,063
1,169
94
100
101
1,096
1,117
94
91
103
June
611
682
730
778
1,136
1,124
1,135
1,150
1,134
1,137
1,503
May
Railroad
Retirement
Account
Highway
Trust
Fund
Federal National
Mortgage Assoc. 1/
Financing by
Treasury
Other
operations
.
.
Treasury Bulletin
ih
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
FLscal year
or month
Total 1/
1,362
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
2,617 2/
2,300
197
-1,112
7U
Total
trust
accoxmts
2/
1,236
2,516 5/
2,263
106
-1,2U
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1,241
1,463
220
-499
-1,290
-726
-225
-1,089
435
435
548
286
244
-1,137
437
-13
-1,141
404
23
-455
2,182
642
-455
2,127
546
-319
1,101
-341
-992
1,470
-572
-1,013
1,449
-520
-852
-796
-847
-655
135
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
W
V
121
325
729
552
494
285
36
-33
-35
264
-78
-63
Unemployment
Trust
Fund
-545
258
274
-1,255
-1,011
-41
-952
72
1963 (Est.)..
1962-January.
February
March. .
April.
Uay...
June,.
July.
August
September
October.
November
369
-69
-34
-16
752
-369
259
National
Service
Life
Insurance
Fund
73
135
89
95
76
62
-44
44
Cjovemment
Life
Insurance
Fund
Federal
employees*
retirement
funds
Highway
Trust
Fund
Federal
intermediate credit
banks j/
.
December 1962
15
.
TRUST ACCOUNT AMD OTHER TRANSACTIONS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total i/
Total
guaranteed
-602
-173
1955
1956
1957
1958
1959
1960
1961
1962
-1,08'5
-567
-71
-1,023
733
-658
1963 (Est.)...
1962- January.
February.
March. ..
April..
-165
-102
..
May
June ....
July
August, ,
September
October.
November,
-5
-100
-204
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadixam
fund
Public enterprise funds
Total not
guaranteed
1/
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association
Itome
y
Owners'
Loan
Corpo-
ration
..
'
Treasury Bulletin
16
TRUST ACCOUNT AMD OTHER TRANSACTIONS.
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
Insxirance
Trust Fund 1/
1955
1956
1957
1958
1959
1960
1961
1962
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
y
ployment
Trust
Fund
V
Federal
employees
retirement
funds 1/
Columbia 6/
124
600
211
132
101
332
361
515
528
1963 (Est.)...
1%2-January.
Febmary.
March.
.
.
April
May
June
July
August
September
. .
October.
November.
Source:
See Table 1.
1/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
Vnder social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
j/ Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
^
^
6/
*
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability Fund.
Less than $500,000.
December 1962
17
CASH INCCME AND OUTGO
The cash Income and outgo data appearing In the Treas-
ury Bulletin, beginning with the February 1956 Issue, are
on a basle consletent with receipts from and payments to
the public as derived In the 1957 and subsequent Budgets
of the Jnlted States (In the Budget for 1963 In Special
actions which are reported as both expenditures and receipts
are excluded from both. Noncash Items representing the
obligation of the (Jovernment to make payments In the future
also are eliminated from expenditures but are added later
shown on the same basis as In the Budget documents.
These Items consist of
certain Interest aconied on the public debt, expenditures
Involving the Issuance of a few special public debt securiReceipts from the exercise
ties, and clearing accounts.
There Is also shown the amount of net cash borrowing from,
of monetary authority are excluded as not representing cash
Analysis B).
Reconciliation to cash deposits and with-
drawals in the account of the Treasurer of the United States
Is
or repayment of borrowing to, the public.
ments,
By these arrange-
data In accordance with the Budget classifications
when actual payments are made.
received from the public.
Federal cash borrowing from the
public Includes net borrowing by the Treasury through public
have been revised where necessary In order to make them as
debt transactions and also net borrowing by Government
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications as
of their own securities.
are made available month by month.
Figures for back years
For this reason certadn of the
available data will permit.
figures differ somewhat from those published In earlier
Budget documents as well as In the Bulletin.
The Bureau of the Budget series of cash transactions
designed to provide Information on the flow of money
between the public and the Federal Government as a whole,
Is
and therefore 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. Operations of Oovernment-sponsored
enterprises are Included In payments on a net basis as re-
public Is reflected In changes In the balance In the Treas-
urer's account and In cash held outside the Treasury.
Cash transactions through the Treasurer's account are
similar In generjil concept to those Included In the Bureau
of the Budget series, but are limited In coverage to transactions which affect the balance In that account.
1.
On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
the public In the Bureau of the Budget series.
Major Intragovemmental trans-
flected In Treasury reports.
Table
It excludes changes In the public
debt which do not represent direct cash borrowing from the
public. The net effect of all these transactions with the
Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Treasury Bulletin
IS
CASH INCCME AND OUTGO
,
Table 2.- 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 1962
19
CASH INCOME AND OUTGO
Table
3. -
Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars
.
'
Treasury Bulletin
20
,
Table 4.
CASH INCCWE AND OUTGO
Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Budget receipts which
are also
trust fund
expenditures
1/
Fiscal year:
1955
1956
1957
1958
1959
1960
1961
1%3
expenditiires
2/
81
102
104
221
239
261
69 2/
79
1%2
Budget receipts
which are also
Goveramentsponsored
enterprise
(Est.)
Trust fund receipts which
also budget expenditures
Interest on
investment in
public debt
securities
1,173
1,207
1,318
1,342
1,315
1,327
1,404
1,423
176
46
439
574
644
662
746
747
841
848
. .
April
May
43
46
June
855
Total
July
August
September.
.
,. ,,
Total
Other
166
521
695
681
846
819
1,619
1,423
fi/
1,865
2,412
2,767
2,917
3,161
3,167
3,946 2/
3,789
3,822
439
419
Total....
October
November.
Payroll
for
deduct i'
employees
retirement 2/
1,464
1961- Jan. - June
July - Deo.
1962-January
February.
Uarch
Interest
on uninvested
trust
funds
:
..
December 1962
21
CASH INCCME AND OUTGO
,
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Net accrued
interest on
savings bonds
and Treasury
bills 1/
Noncash expenditures involving Issuance
of public debt securities 2/
Clearing
account for
public debt
interest
^
Special notes to
Adjusted
service
bonds
^
Armed Forces
leave bonds
International
^ Monetary
Fxind
Fiscal year:
1955
1956
497
456
1957
1958
1959
1960
1961
388
254
801
341
222
641
1%2
1963 (Est.)
1961- Jan. - June
July - Dec.
Total
1962-January
February.
March
. .
April
May
June
Total
July
August
September
October
November,
. .
26
-15
234
156
International
Development
Association
Clearing
^
Inter-American
Development
Bank
accoxint
for
checks
outstanding,
etc.
2/
Treasury Bulletin
22
.
CASH INCCME AND OUTGO
Table 6.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
)
s
.
)
December 1962
23
CASH INCCME AND OUTGO
Table 6.- Derivation of Federal Ciovernment Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States - (Continued)
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Deductions for noncash and other transactions
Net
accrued
interest
savings
bonds and
Treasury
bills 2/
Fiscal year:
1955
1956
1957
1958
1959
1960
1961
1962
497
456
388
254
801
341
222
641
Equals:
Net cash
Issuance of public debt securities representing expenditures, or refunds of receipts i/
Special notes to
Adjusted
service
bonds
^
Armed
Forces
leave
bonds
International
Monetary
Fund
V
International
Development
Association
^
Excess
profits
Inter-America
Development
Bank i/
Transactions
not
reflected
borrowing
from the
in
public, or
the
repayment
Trea surer
(-)
ount 2/
Total
deductions
'
refund
bonds 6/
644
623
-292
-200
2,160
597
536
923
156
175
-674
-450
1,361
259
258
171
Less:
1,809
-4,366
-3,100
5,760
8,678
1,821
698
9,621
230
399
-2,426
9,180
497
549
506
646
520
622
Equals:
Net cash
borrowing
through
the
Treasurer's
account, or
repayment (-
1,579
-4,765
-3,648
5,253
8,032
1,301
76
8,755
1963 (Est.
1961- Jan. -June.
July-Dec .
Total.
.
1962- Jan
Feb
Mar
339
6,755
5,918
1,243
1,222
-47
-1,275
53
-1,193
Apr
May
June
-2,923
8,841
1,482
133
1,354
-1,278
-1,395
54
Total...
121
1,548 2/
I
Oct
Nov
Source:
See Table 1.
2/
In this table, in accordance with treatment in Budget documents, net
2/
investment in United States securities by Government-sponsored enterprises includes a small amount by other enterprises regarded as
In Table 3 under
representing net transactions with the public.
"Trust Account and Other Transactions," these amounts are included
with other trust accounts.
Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting
to $45,800 (par value).
Includes $1,412 million of 2-3/4 percent Treasury bonds of 1960-65
acquired by Treasury for retirement on December 15, 1962, in exchange
for various issues of securities on November 15, 1962.
Accrued discount on savings bonds and bills, which is included in the
2/
^
778
2,344
-1,706
101
411
21
July
Aug
Sept
3,206
1,262
173
52
678
2,171
-1,758
3,158
1,209 2/
principal of the public debt, less interest paid on savings bonds and
bills redeemed,
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net issuance, or redemption (-).
Excluded from borrowing because the transactions are treated as
expenditures in Table 5.
2/ Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 2.
S/ Market transactions in public debt securities and agency obligations.
2/ Includes balance in the account "Payment for 2-3/4 percent Treasury
bonds of 3960-65 called for redemption on December 15, 1962."
«
Less than $500,000.
Not available.
a.
M
^
24
Treasury Bulletin
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
. ..
,
December 1962
25
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United 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
their own account as well as for the account of their
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
branches.
As the balanoes In these accounts become depleted, they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
customers.
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which
they arise until such time as the Treasury needs the funds
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
Table
1.-
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 ^^^-^Sk.
Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
1955
1956
1957
1958
Available
funds in
Federal
Reserve
Banks
,
,
380
522
498
iilO
1959
1%0
535
504
1961
1962
408
612
,
1961-Deceniber.
X and loan
counts in
Gold in
Trea sury
fund
Total
operating
balance
Silver,
coin, and
Unclassified
collections,
ciirrency
In Federal
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
Total
assets
1/
Balance in
account of
Treasurer
of U. S.
U6
4,365
4,633
4,082
8,218
493
501
489
401
5,239
5,656
5,069
9,030
187
159
190
259
343
421
287
365
3,744
6,458
5,453
8,815
101
106
109
121
4,380
306
253
179
429
U7
273
337
222
303
6,566
6,494
259
291
239
456
428
443
5,059
5,705
7,029
4,981
5,626
6,919
519
238
303
504
435
441
6,089
8,216
10,509
5,995
8,141
10,430
7,068
5,969
9,548
302
500
438
440
375
335
441
5,740
5,157
6,362
6,712
6,037
9,990
5,451
8,092
6,769
10,509
2/
6,216 2/
6,546
5,590
9,749
100 2/
87
5,350 1/
8,005
6,694
10,430
166
447
240
449
403
3,552
4,172
5,568
117
104
117
4,031
4,725
6,088
209
210
186
June
569
526
612
4,150
6,623
8,815
117
121
121
4,836
7,271
9,548
171
170
147
July
August. . .,
September,
390
473
400
5,089
7,210
7,919
120
125
116
5,600
7,813
8,435
165
165
167
251
178
310
373
363
6,446
8,599
9,350
6,380
8,530
9,268
October. .
November.
513
585
5,131
5,728
130
116
5,774
6,428
161
155
244
214
351
341
6,589
7,212
6,518
7,109
1962-January.
February.
March. ...
April. ...
May
362
Daily Treasury statement.
Source:
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and xmcollected items, exchanges, etc. Post Office
Department and postmasters' disbursing accounts also are included
(See footnote 2 ), Treasurer's checks outthrough November 1954.
standing are included through June 1958, after which they are included
(See footnote 3).
in the balance in the Treasurer's accoiint.
2/ Beginning December 1954, Post Office Department and postmasters'
disbursing accounts are not treated as liability accounts of the
Treasurer of the United States, but are classified and treated
58
102
2/
367
as other disbursing accounts, in accordance with the change in method
of reporting Post Office transactions (see "Budget Receipts and Expenditures," Table 3). An adjustment of -$207 million in the balance
in the Treasurer's account (and in the "clearing account") reflects
this change.
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was carried
Effective July 1958, the balance is not
as a liability until paid.
reduced xintil the checks are paid, a procedure also applying to checks
drawn on the Treasurer by Government disbursing officers and agencies.
..
,
.
,
Treasury Bulletin
26
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
During period
Proceeds from sales of sectirltles 1/
Fiscal year
or month
Savings
bonds
1955
1956
1957
1958
1959
3,810
2,976
2,824
2,668
1960
1961
2,679
2,787
2,725
1962
Withheld
and
excise 2/
anticipation
securities
5,977
6,035
5,043
2,922
7,581
8,167
786
6,568
13,513
13,164
20,538
23,897
26,709
27,881
29,190
2,967
4,611
4,152
7,903
5,919
7,784
7,613
7,920
1,788
3,774
33,059
34,511
37,519
6,053
7,299
5,486
6,078
8,869
8,055
1,910
1,103
813
1,078
912
3,991
3,373
2,987
3,246
3,638
57,496
55,842
56,438
54,782
56,847
53,076
6,458
5,453
8,815
6,458
7,653
1,390
1,161
1,531
4,103
4,151
4,457
2,764
4,599
5,920
4,369
3,979
4,523
3,552
4,172
5,568
5,197
4,200
6,184
2,201
2,484
1,880
3,213
3,500
4,116
1,809
2,734
4,826
6,076
4,152
2,353
3,885
4,150
6,623
8,815
5,032
7,129
8,889
1,531
4,616
4,377
6,064
6,178
3,986
1,312
1,803
6,758
5,479
5,528
4,637
4,770
7,210
7,919
8,743
7,631
7,919
4,007
4,452
6,335
5,883
6,201
1,354
4,242
34
4,553
4,438
7,342
3,841
5,131
5,728
5,131
4,056
6,849
5,012
9,U2
6,521
42,074
39,
UO
1,539
301
1,453
229
220
4,370
3,872
-4,619
July
August . .
September
227
211
180
4,557
October. .
November.
200
.
Average
4,365
4,633
4,082
8,218
3,744
210
207
210
.
May
End of
period
42,545
38,871
46,000
50,908
62,994
June
April,
Total
credits
45,448
55,044
58,520
1961-Dccember
1962-January..
February.
March. . .
Income (by
special
arrangement ) J/
Withdrawals
196
1,377
4,058
29
1,828
7
1,5U
2,%3
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the pxirchase price of U. S, Government obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
paynent is permitted under the terms of the circulars inviting subscriptions to the issues.
Z/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
9,487
5,824
5,089
3,U9
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; and a
nxjmber of excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization
may be given for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank, to be credited to the tax and loan account in that bank.
This procedure is followed dxiring some of the quarterly periods
of heavy tax payments.
.... ..
December 1962
27
.DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In mil lions of dollars)
Total outstanding
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal
j-ear or
Total 1/
month
Public
debt 2/
Guaranteed
securities
Public
debt
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
27^,418
272,825
270,bJA
276, .V44
284,817
286,471
289,211
298,645
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
1961-Dec ember.
296,499
296,169
293,019
292,689
1962- January.
February.
March. ...
296,860
297,354
296,489
296,513
2%, 983
296,088
347
371
402
293,455
293,919
292,885
293,111
293,549
292,485
June
297,357
299,604
298,645
296,952
299,174
298,201
405
430
444
293,765
295,948
294,886
July
August.,,.
September.
298,324
302,312
299,986
297,876
301,842
299,498
448
470
487
294,363
298,372
October, ,
November.
302,553
305,893
302,067
305,390
486
April
Special notes to -
44
74
107
101
111
140
240
444
503
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294 ,-886
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
43
73
106
101
110
139
240
444
^
Guaranteed
securities
(matured)
International
J/i/
J/
May
Guaranteed
securities
Monetary
Fund
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
2,633
2,868
2,042
1,646
2,873
3,090
3,299
3,759
589
666
529
597
476
445
349
438
y
Develofment
Association
Development Bank
1,567
477
460
444
430
417
407
1,742
1,068
618
1,979
2,238
2,496
2,667
58
115
396
484
3,480
3,480
400
3,405
3,436
3,605
3,403
3,434
3,603
356
2,390
2,411
2,620
115
115
115
487
487
487
293,361
295,519
294,442
404
429
444
3,592
3,656
3,759
3,591
3,655
3,759
343
351
438
2,620
2,648
2,667
115
115
115
487
486
484
293,918
297,904
295,571
445
468
486
3,%0
2%, 057
3,939
3,929
3,958
3,938
3,927
343
342
332
2,962
3,002
3,002
115
115
115
483
423
423
298,630
301,886
298, U5
301,384
485
502
3,923
4,007
3,922
4,006
297
299
3,002
3,012
115
173
344
369
Source:
Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasxjry {see Table 6).
2/ Held outside the Treasury.
Consists of Federal Itouslng Administration debentures, and also D. C.
^
2,388
385
3%
85
100
422
422
Armory Board stadiiDn bonds beginning July 1959.
Special notes of the United States Issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each
(see "Budget Receipts and Expenditures," Table 3, footnote 13).
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
^
6/
»
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaran- Public
teed securi- debt
ties 1/
Computed annual
interest charge
Public debt
and guaranteed securlties 1/
Computed annual interest rate
Public debt
Total
Public
debt
bearing
securities
Total
public
debt
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.240
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.239
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
6,388
6,952
7,328
7,248
8,069
9,320
8,769
9,534
7,325
7,245
8,066
9,316
8,761
9,519
1961-December
293,019
292,689
9,167
9,156
3.135
1962- January.
February.
March. . .
293,455
293,919
292,885
293,111
293,549
292,485
9,238
9,326
9,382
9,226
9,314
9,368
3.155
3.180
3.210
June
293,765
295,948
294,886
3.216
3.236
3.240
294,363
298,372
2%, 057
9,427
9,558
9,534
9,538
9,715
9,704
9,413
9,543
9,519
July
August.,,,
September.
293,361
295,519
294,442
293,918
297,904
295,571
9,523
9,699
9,687
October
November
298,630
301,886
298,145
301,384
9,765
9,904
9,747
9,886
April
May
|
Marketable issues
interest-
6,387
6,950
Total
2/
2,079
2.427
2.707
2.546
2.891
3.449
3.063
Bills
2/
Special
issues
i/
1.846
2.075
2.504
2.806
3.304
4.058
3.704
3.680
2.480
2.485
2.482
2.576
2.619
2.639
2.829
3.122
2.789
2.824
2.853
2.892
2.925
3.219
3.330
3.364
2.585
2.705
2.635
2.630
2.694
2.772
2.803
2,891
Guaranteed
securities
1/
3.285
3.815
2.584
2.926
1.173
2.625
3.345
3.330
2.842
4.721
3.073
3.377
3.135
3.U6
2.701
3.000
3.6U
2.966
3.350
2.823
3.332
3.155
3.180
3.209
3.173
3.206
3.248
2.807
2.858
2.915
3.000
3.277
3.277
3.612
3.692
2.981
2.981
3.054
3.354
3.361
3.365
2.821
2.835
2.841
3.356
3.386
3.421
3.215
3.236
3.239
3.253
3.280
3.285
2.927
2.927
2.926
3.277
3.37?
3.377
3.692
3.681
3.680
3.065
3.117
3.122
3.367
3.370
3.364
2.846
2.879
2.891
3.461
3.488
3.500
3.247
3,263
3.285
3.247
3.262
3.284
3.295
3,315
3.346
2,978
3.377
3.418
3.426
3.679
3.730
3.785
3.122
3.179
3.369
3.373
3.377
2.883
2.902
2.901
3.509
3.516
3.527
3,277
3.288
3,277
3.288
3.335
3.348
Source:
On the basis of the dally Treasury statement.
Note:
The computed annual interest charge represents the amount of Interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue
by applying the appropriate annual Interest rate to the amount outstanding on that date (the amount actually borrowed in the tfase of securities
sold at a premixim or discount, beginning with May 1960). The aggregate
charge for all interest-bearing issues constitutes the total computed
annual interest charge. The average annual interest rate is computed
by dividing the computed annual interest charge for the total, or for
1.539
2.654
3.197
1.033
3.316
Treasury
bonds
Certificates
Nonmarketable
issues
3.005
3.019
3.6%
3.U8
2.590
2.606
2.611
2.622
2.628
2.681
3.LM
3.500
2,976
3.426
3.807
3.179
2.884
3.383
3,554
2,976
3.362
3.853
3.227
3.387
2,891
3.569
any group of Issues, by the corresponding principal amount. Beginning with data for December 31, 1958, the computation is based
on the rate of effective yield for Issues sold at premium or discount.
Prior to that date it was based on the coupon rate for all
issues.
i/
2/
2/
i/
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through May 1961; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
..,
.,
Treasury Bulletin
2g
.DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Total
Interestbearing
public
debt
End of
fiscal
year or
month
1955
1956
1957
1958
1959
1960
1961
,
1%2
,
Nonmarketable
Total
public
issues
Treasury
bonds
Certificates
Treasury
bonds,
investment
series
Other
bends
Depositary
bonds
Other
2/
Special
issues
271,741
269,883
268,486
274,698
281,333
228,491
224,769
221,658
228,452
237,078
155,206
154,953
155,705
166,675
178,027
19,514
20,808
23,420
22,406
32,017
13,836
16,303
20,473
32,920
33,843
40,729
35,952
30,973
20,416
27,31A
81,057
81,840
80,789
90,883
84,803
69,817
65,953
61,777
59,050
58,365
57,497
54,622
51,984
50,503
12,589
12,009
11,135
9,621
8,365
417
310
196
171
183
43,250
45,114
46,827
46,246
44,756
283,241
285,672
294,442
238,342
240,629
249,503
183,845
187,148
196,072
33,415
36,723
42,036
17,650
13,338
13,547
51,483
56,257
65,464
81,247
80,830
75,025
54,497
53,481
53,431
47,544
47,514
47,607
6,783
5,830
4,727
170
117
138
44,899
45,043
44,939
73,285
1961-Dec.,
292,689
249,169
1962-Jan.
Feb..
Mar.,
293,111
293,549
292,485
250,806
250,798
249,676
197,628
197,609
196,524
43,947
44,246
43,043
5,509
12,375
12,370
71,574
64,400
64,538
76,598
76,588
76,573
53,178
53,189
53,152
47,500
47,549
47,569
5,008
4,972
4,840
148
146
144
522
522
599
42,304
42,751
42,809
Apr.
May.,
June,
293,361
295,519
294,442
251,240
251,227
249,503
198,138
198,193
196,072
43,441
43,747
42,036
12,371
13,547
13,547
64,511
65,435
65,464
77,815
75,465
75,025
53,101
53,034
53,431
47,581
47,585
47,607
4,778
4,757
4,727
U3
U3
138
600
549
960
42,122
44,291
44,939
July,
Aug..
Sept
293,918
297,904
295,571
250,122
252,478
251,013
196,870
199,295
197,951
42,838
43,637
42,236
13,547
20,399
17,849
65,477
58,062
58,104
75,008
77,197
79,762
53,252
53,183
53,062
47,653
47,697
47,717
4,713
4,646
4,574
769
724
674
43,796
45,427
44,559
Oct.,
Nov.
298, U5
301,384
254,256
257,222
201,311
204,222
46,139
47,843
17,854
22,710
57,583
53,653
79,734
80,015
52,945
53,000
47,680
47,720
4,490
4,477
680
43,890
44,163
71,526
Daily Treasury statement.
Consists of Panama Canal bonds through May 1961, and also postal
savings bonds until the last of these bonds matxired on July 1, 1955.
Consists of Treasury savings notes (1955); Treasury bonds, R. E. A.
series beginning July 1960; certificates of indebtedness - foreign
Soxirce:
1/
2/
43,520
53,205
116
116
96
708
series beginning August 1961; and the dollar eqxilvalent of:
Certificates of indebtedness, foreign currency series issued
and payable in Swiss francs beginning October 1961 and in
Italian lire beginning January 1962, and Treasury bonds issued
and payable in Italian lire and Swiss francs beginning
October 1962.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt^^
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
1955
1956
Amount
outstanding
Within
1 year
20 years
and over
years
Average length
155,206
154,953
155,705
166,675
178,027
49,703
58,714
71,952
67,782
72,958
39,107
34,401
40,669
42,557
58,304
34,253
28,908
12,328
21,476
17,052
28,613
28,578
26,407
27,652
21,625
3,530
4,351
4,349
7,208
8,088
5 yrs.
5 yrs.
4 yrs.
5 yrs.
4 yrs.
10 mos
1960
1961
183,845
20,246
26,435
26,049
12,630
10,233
9,319
4 yrs.
4 yrs.
4 yrs.
4 mos
6 mos
196,072
72,844
58,400
57,041
7,658
1962
70,467
81,120
88,442
1961-December.
195,965
85,913
64,874
19,782
11,976
1962- January.
March
197,628
197,609
196,524
86,416
88,417
87,209
64,921
62,910
59,679
20,918
20,916
23,720
11,959
11,954
10,677
April
May
198,138
198,193
June
1%,072
88,055
90,577
88,442
59,206
55,549
57,041
24,976
26,178
26,049
10,670
10,664
9,319
1957
1958
1959
187, U8
,
Febr\iflry.
1%,870
July
August . .
September.
199,295
197,951
89,244
93,728
84,467
57,055
52,806
58,158
26,045
27,885
32,411
9,313
9,309
7,353
October, ,
November.
201,311
204,222
88,284
88,580
57,728
61,614
32,403
31,140
7,348
7,342
.
10,
%0
15,221
13,4U
4 mos
9 mos
3
mos
7 mos
11 mos
.
'
,,
.
December 1962
29
.DEBT OUTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
Federal
Federal
Federal Old-Age
Disability
home
and
Insurance
loan
Survivors
Trust
banks
Insurance
Fund
Trust Fund
1955
1956
43,250
1957
1958
46,827
46,246
835
673
718
673
325
996
1959
1960
1961
1962
44,756
44,899
45,043
44,939
629
694
556
500
1,533
2,017
2,299
2,304
1961-December,
43,520
1962- January. .
February.
March. . . .
42,304
42,751
42,809
538
-45,114
165
59
50
Postal
Savings
System
Insuranc(
1/
Fund
Railroad
Retirement
Accoxjnt
Unemployment
Trust
Fund
Other
2/
404
822
5,346
5,481
5,570
5,665
3,486
3,600
3,475
3,531
7,479
7,737
7,996
6,671
17,227
16,413
16,200
15,074
116
104
138
182
8,608
9,397
10,414
11,382
1,127
1,107
1,071
1,028
234
436
5,742
5,803
5,759
5,804
3,417
3,586
3,504
3,316
5,636
5,580
4,625
4,657
1,025
5,679
3,135
4,707
10,764
10,818
10,879
1,021
1,017
1,012
118
217
5,677
5,666
5,657
3,045
2,996
2,976
4,430
4,394
4,215
156
155
155
44
10,988
564
42,122
44,291
44,939
495
496
500
2,192
2,267
2,304
14,313
15,415
15,074
July
August . . ,
September
43,796
45,427
44,559
435
658
445
2,237
2,272
2,268
October.
November.
43,890
44,163
449
443
2,221
2,217
,
National
Service
Life
1,233
1,217
1,200
1,144
14,227
14,584
14,639
June
High-
way
Trust
Fund
6,168
6,667
7,394
7,738
2,170
2,208
2,222
May
Corporation
GovernFederal
ment
employees
Life
retirement
Insurance
funds
Fund
94
103
103
112
15,076
April
Insxirance
18,239
19,467
19,463
18,610
2,237
5%
Federal
Savings
and Loan
120
120
92
112
123
120
126
138
192
156
74
U,050
182
11,382
1,006
1,001
1,028
328
417
436
5,648
5,640
5,804
2,900
2,893
3,316
3,952
4,775
4,657
152
153
156
4,578
142
14,222
106
U,943
U,575
113
223
129
11,437
11,480
11,521
1,022
1,018
1,015
421
421
410
5,793
5,786
5,777
3,244
3,203
3,U8
5,175
5,066
133
134
135
13,920
14,055
130
116
11,596
11,660
1,010
1,008
369
279
5,772
5,769
3,082
3,062
4,940
5,226
137
138
264
191
Dally Treasury statement.
Source:
1/ Includes Canal Zone Postal Savings System through July 1959.
Farm Tenant Mortgage Insurance Fund (through March 1956),
of:
Consists
g/
Adjusted Service Certificate Fund (through December 1956), various
housing insxirance funds, and Veterans* Special Term Insiorance Fund.
Less than $500,000.
Treasury Bulletin
30
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
1
.
,..
December. 1962
31
.DEBT OUTSTANDING.
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
Banks for
cooperatives
End of fiscal
year or month
Federa
home loan
banks l/
Federal
intermediate
credit banks
and liquidating issues
1957
1958
2,876
3,889
5,013
5,423
110
133
179
199
341
929
738
456
793
834
924
1,159
1,061
1,322
1,552
1,646
570
570
570
797
1959
1960
1961
1962
6,708
8,407
7,765
9,332
234
330
382
430
992
1,259
1,055
1,797
1,456
1,600
1,723
1,855
1,888
2,137
2,357
2,550
797
797
1955
1956
1962-January. .
Febmjary.
March
April
May
June
July
August .
September,
.
October. .
November.
100
1,050
1,165
1,290
2,284
2,198
2,S56
50
145
1,585
1961-Dec ember.
.
Tennessee
Valley
Authority
Federal land
banks 2/ j/
.
8,819
8,770
8,995
434
452
452
1,683
1,443
1,602
1,569
1,602
1,644
2,431
2,495
2,495
2,602
2,633
2,658
100
145
145
8,911
9,049
9,332
441
441
430
1,501
1,566
1,797
1,718
1,781
1,855
2 ,4.95
2,612
2,566
2,556
145
2,550
2,550
9,593
9,865
9,883
430
482
474
2,108
2,233
2,257
1,926
1,950
1,930
2,550
2,596
2,596
2,435
2,458
2,481
145
145
10,293
10,213
480
480
2,707
2,707
1,842
1,774
2,628
2,628
2,492
2,479
H5
Office of Debt Analysis and agency reports.
Source:
Note:
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks
1/
ended in July 1951.
2/
2/
U5
U5
U5
145
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.
Treasury Bulletin
32
STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
3I U.S.C. 757^). as
amended by an act approved June 30, 1959. provides that
the face amount of obligations Issued under authority of
(
that act, and the face amount of obligations guaranteed as
to principal and Interest by the United States (except
guaranteed obligations held by the Secretary of the Treas-
ury) shall not exceed In the aggregate S2S5 billion outstanding at any one time. The corresponding limitation In
effect under the act of June 26, 19'+6, was $275 billion and
that under the act of September
2,
I95S, was 82S3 billion.
In addition, temporary increases have been authorized as
follows: $6 billion from August 2S, 195!+, through June 30,
and June 30, 1955); ?3 billion
I956, through June 30, 1957 (act of July 9,
1956(acts of Ai«u6t 28,
from July
1,
1951+,
1956); $5 billion from February 26,
1953, through June 30,
1959 (act of February 26, 195S); 310 billion from July
tional $2 billion from March I3, I962,
through June 30,
1962
(acts of June 30, 196I, and March I3, 1962); and §23 billion
from July
April
1,
1962,
through March 3I, I963, $20 billion from
through June
2"+,
I963, $15 billion from June 25
through June 30, 1963 (act approved July 1, 1962). Obligations issued on a discount basis and subject to redemption
1
prior to maturity at the option of the owner are included
in the statutory debt limitation at current redemption
values.
Table 1.- Status under Limitation November 30, 1962
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the
of June 30, 1959 (31 U.S.C. 757b), as Increased temporarily by the act of July 1, 1962
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 Treasiiry
308,000
305,018
503
Total amount of securities outstanding subject to statutory debt limitation
2, -479
Balance Issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding November 30, 1962
(In millions of
1,
1959, through June 30, i960 (act of June 30, 1959 ); $3
billion from July 1, I96O, through June 30, I961 (act of
June 30, i960); $13 billion from July 1, I961, and an addi-
December 1962
PUBLIC DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1962
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1962
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
December 1962
35
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Maturity
date
Regular weekly bills
1962-Aug.
2
Aug.
9
Aug.
16
Aug.
23
Aug.
30
Sept.
6
Sept.
13
Sept.
20
Sept.
27
Oct.
4
Oct.
11
Oct.
ISp
Oct.
25p
Nov.
Nov.
Ip....
8p
Nov.
15p....
Nov.
15p 2/.
Nov.
23p
Nov.
29p
Tax anticipation bills:
1962-Mar.
Oct.
23
3
Other bills:
1961-Oct.
16
1962- Jan.
Apr.
15
15
15
15
July
Oct.
1%2-Nov.
1%3-Jan.
Number of
days to
maturity 1/
Amount of bids accepted
Amount of
bids
tendered
Total
amount
On competitive basis
On noncompetitive basis 2/
Amount
maturing on
issue date
Total of
unmatured
issues outstanding after
new issues
Treasury Bulletin
36
PUBLIC DEBT OPEEATIOIB
Table 2.- Offerings of Treasury Bills
On total bide accepted
Average price
per hundred
Regular weekly blllBi
1962-Aug.
2
Aug.
9
Aug.
16
,
,
(Continued)
Equivalent average
rate
^
Price per hundred
Equivalent rata
^
Price per hundred
J99.274
198.446
2.874
3.075
99.279
98.458
199.292
198.489
2.801
2.990
99.304
98.4%
J99.275
198.453
2.867
3.060
99.283
98.471
2.837
2.984
Equivalent rate
2.852
3.050
99.271
98.444
2.884
3.078
6/
2.753
2.975
99.282
98.474
2.840
3.018
2/
S/
2.836
3.024
99.271
98.452
2.884
3.062
99.278 2/
98.498
2.825
2.971
99.271
98.488
2.853
2.991
Aug.
23
f99.275
[98.491
Aug.
30
f99.291
[98.526
2.805
2.916
99.296
98.534
2.785
2.900
99.288
98.523
2.817
2.922
Sept .
6
199.284
198.495
2.834
2.977
99.291
98.505 10/
2.805
2.957
99.279
98.491
2.852
2.985
Sept.
13
(99.295
198.528
2.789
2.911
99.298
98.538
2.777
2.892
99.292
98.521
2.801
2.925
Sept .
20
/99.293
198.503
2.796
2.962
99.300
98.509 11/
2.769
2.949
99.292
98.498
2.801
2.971
/99.305
99.310
98.518
2.730
2.931
99.302
(98.515
2.749
2.938
5M
2.761
2.939
^
199.304
|98.533
2.752
2.902
99.310
98.537
2.730
2.894
99.300
98.530
2.769
2.908
Oct.
11
r99.302
198.552
2.760
2.864
99.308
98.560
2.738
2.848
99.300
98.550
2.769
2.868
Oct.
18p
(99.305
198.563
2.749
2.843
99.310
98.570
2.730
2.829
99.303
98.562
2.757
2.844
Oct.
25p
/99.307
198.570
99.312
98.576 12/
2.722
2.817
99.305
98.568
2.749
2.833
Nov.
Ip
(99.321
198.597
2.686
2.775
99.325
98.601
2.670
2.767
99.318
98.596
2.698
2.777
99.287 12/
98.526 a/
2.821
2.916
99.279
98.519
2.852
2.929
99.295
98.570
2.789
2.829
99.290
98.559
2.809
2.850
Sept.
Oct.
27
Nov.
8p
J'99.282
(98.520
2.841
2.927
Nov.
15p
(99.292
(98.561
2.801
2.846
Nov.
15p i/
Nov.
23p
Nov.
29p
1^
99.258
2.827
^
(Percent)
(Percent)
(Percent)
,
-
On competitive bid a accepted
98.
2.876
(99.292
198.546
2.833
2.892
99.297
98.552 16/
2.812
2.880
99.290
98.539
2.840
2.906
('99.279
198.508
2.853
2.936
99.292
98.518 12/
2.801
2.915
99.276
98.502
2.864
2.947
3
98.536
98.765
2.896
2.616
98.549 Ig/
98.820 12/
2.870
2.499
98.529
98.757
2.910
2.632
Tax anticipation bills:
1962-Mar.
Oct.
23
Other bills:
16
96.992
2.975
97.037 22/
2.930
96.979
2.988
1%2-Jan.
15
15
15
15
3.366
2.943
3.257
2.969
3.340
2.918
3.225
2.940
96.572
97.002
96.682
96.980
3.381
2.957
July
Oct.
96.588
97.012
96.698
96,989
96. 6W
Apr.
1961-Oct.
^
6/
2/
8/
2/
10/
11/
12/
12/
M/
ly
a/
97.0L4
96.730 32/
97.019
Bank discount basis.
Except 1150,000 at 98.508, and 1415,000 at 98.500.
Except $400,000 at 99.292.
Except $105,000 at 98.552, $400,000 at 98.500, and $100,000 at 98.480.
Except $500,000 at 99.284.
Except $200,000 at 98.525.
Except $200,000 at 98.526, $100,000 at 98.525, and $100,000 at 98.514.
Except $100,000 at 98.584.
Except $1,500,000 at 99.319.
Except $100,000 at 98.601, $100,000 at 98.600, $200,000 at < '8.590,
and $100,000 at 98.584.
Except $100,000 at 98.584.
2y
16/
12/
18/
12/
20/
21/
22/
22/
p
3.273
2.979
Except $50,000 at 98.567, and $150,000 at 98.557.
Except $100,000 at 98.546, and $50,000 at 98.530.
Except $100,000 at 99.625.
Except $100,000 at 98.962, and $3,000,000 at 98.834.
Except $100,000 at 97.070.
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at %.800,
$25,000 at 96.781, $400,000 at %.756, and $2,000,000 at 96.745.
Except $500,000 at 97.029.
Preliminary.
December 1962
37
PUBLIC DEBT OPERWIDNS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounta in nilllonB)
DeBcrlptlon of ISBUS
Maturity
date
Treasury Bulletin
3«
PUBLIC DEBT OPHIATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
-
(Continued)
)
.
December 1962
39
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Continued)
(Dollar amounts In millions)
Description of issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted l/
New money
increase, or
decrease (-)
(Percent
$2,225
1,217
$1,201
601
2.757
2.875
July
Oct.
2,-; 70
1,200
600
2.720
July
2,237
1,241
1,201
600
2.723
2.825
2,103
1,168
1,201
600
2.740
2.837
1962-July
1962-Apr.
Oct.
Apr,
Apr.
91
182
1,088
Oct.
July
Apr.
Oct.
Nov.
Aug.
Nov.
l&y
91
182
May
2.719
2.816
2,524
1,352
Aug.
May
June
91
2.8U
2,096
1,247
1,300
600
2.700
2.795
2,330
1,339
1,301
601
2.656
2.743
2,302
1,557
1,301
702
2.691
2.787
2,200
1,568
1,300
700
2.671
2.758
June
Sept.
Dec.
June
Sept.
Dec.
2,594
1,186
1,301
701
June
Sept.
Deo.
2,257
1,338
1,300
700
2.792
2.872
Oct.
2,212
1,202
1,301
700
2,930
3,008
July
182
1%3-Jan.
1%2-Oct.
July
1963-Jan.
91
182
2,365
1,126
1%2-Oct.
July
1963-Jan.
Aug.
2.974
3.096
2.983
3.133
1963-Jan.
1,362
1,298
703
2.892
3.103
1%2-Nov.
2,161
1,576
1,301
700
2.874
3.075
1%2-Oct.
July
1,301
700
1,302
700
2,127
1963-Jan.
Aug.
1%2-Nov.
1%3-Feb.
1,972
1,203
1,301
700
2.801
2.990
Aug.
16..
1%2-Nov.
1%3-Feb.
2,078
1,766
1,301
704
2.867
3.060
Aug.
1962-Nov.
23..
1%3-Feb.
2,003
1,651
1,301
700
2,837
2.984
Aug.
30..
1%2-Nov.
1%3-Feb.
2,248
1,259
1,301
700
2.803
2.916
2,054
1,332
1,301
700
2.834
2.977
1963-Uar.
2,377
1,291
1,301
701
2.789
2.911
Sept.
1%2-Dec.
1%3-Mar.
2,265
1,375
1,301
700
2.7%
2.%2
Sept.
1%2-Dec
1%3-Mar.
2,150
1,777
1,300
700
2.749
2.938
1%3-Jan.
2,011
1,505
1,300
701
2.752
2.902
2,136
1,631
1,301
701
2.760
2.864
2,225
1,436
1,300
70C
2.749
2.843
2.742
2.828
1%2-Dec
1%3-Mar.
Sept.
91
182
91
182
1%2-Dec.
Sept.
Oct.
Apr.
Oct.
Jan.
Apr.
Oct.
18p.
Jan.
Apr.
Oct.
25p.
Jan.
Apr,
2,133
1,394
1,301
700
Jan.
2,207
1,573
1,301
701
2,249
1,761
1,301
702
2.841
2.927
2,325
1,436
1,302
701
2.801
2.846
2,409
1,274
1,300
800
2.833
2.892
2,042
1,528
1,300
801
2.853
2.936
Nov.
Ip.
Nov.
8p.
May
Feb.
May
15p.
May
Nov.
23p.
May
29p.
91
182
Feb.
Nov.
Nov.
91
182
Feb.
90
181
Feb.
May
Source:
See Table 2. Information in Table 3 covers bill offerings
January 2, 1953, through November 30, 1962.
1/ Equivalent average rate on bank discount basis.
2/
Beginning March 12, 1959, the 13- week bills represent
issues of bills with an original maturity of 26 weeks.
Preliminary.
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrip-
December 1962
1+1
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription DOOKS
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
December 1962
^3
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
.
.
Treasury Bulletin
kk-
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
6/
2/
8/
2/
10/
11/
12/
13/
14/
15/
16/
17/
18/
19/
20/
21/
The bond offering vras 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 amounts 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 Treasiiry 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 quarterly 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 iramediatly 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.
Subscriptions for amounts up to and including $10,000 were allotted
Subscriptions from mutual savijigs banks, insurance companies,
in full.
pension and retirement funds, and State and local governments were
allotted 24 percent. All others, including commercial 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
Subscriptions for amounts over $50,000 were allotted 40
in full.
percent but in no case less than $50,000.
Subscriptions for amoxints 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 in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less 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
Savings-type Investors were given
to Government investment accounts.
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 tut in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $100,000 were allotted 31 percent for the
Subscriptions for
certificates and 12 percent for the notes
$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 than $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
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts. Payment of not more
than 50 percent could be deferred until not later than October 21,
.
22/
23/
24/
25/
26/
1957.
22/
22/
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
In addition, $100 million of the notes were
case less than $10,000.
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
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
29/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Govemaient investment accounts.
30/ StAecrlptlons for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24 percent but in no case
In addition, $100 million of the notes were
less than $25,000.
allotted to Government investment accounts.
11/ 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
for $100,000 or less were allotted in full. SubscripSubscriptions
J2/
tions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
12/ 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
minimum for each issue were allotted 44 percent on bills and 35 perIn addition,
cent on notes but in no case less than the minimum.
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $100,000 or less were allotted in full. Subscripji,/
tions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
35/ Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
cheir 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 allottea
in full when accompanied by 100 percent payment at the tijne of entering the subscriptions. All other subscriptions for $5,000 were
allotted In full. Subscriptions for more than $5,000 were allotted
not less than $5,000. In addition, $50 million of the bonds were
allotted to Government investment accounts
Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to ^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).
dubscrip36/ Subscriptions for $100,000 or less were allotted In full,
tions 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
In addition,
rainimums were allotted not less than the minimums.
$50 million of the bonds were allotted to Government Investment accoui
iS/ 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 vjere 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 investment accounts.
39/ Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4!^ notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4^. Snaller denominations 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 amounted to $3
million.
Issued as a rollover of maturing one-year bills
^12/
41/ Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1%0 (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.
^2/ 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.
43/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
In addition, $71 million of the notes were
less than $25,000.
allotted to Government investment accounts.
44/ Subscriptions ware permitted to be made with payment in cash or in
4-3/4/8 Treasury notes maturing August 15, 1960 (see Table 6, footnote 22). In addition in order that holders of 3-5/8)8 Federal
Remaining footnotes on following page.
.
.
December 1962
^
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
National Mortgage Association notes maturing August 23, 1960, 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, 1960, 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.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote W).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
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
ICO million from Ctovernment investment accounts; both were allotted
^5 percent.
Subscriptions from commercial 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.
Ln addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-l/2i6 bonds of 1980, $215.9 million of the 3-l/2% bonds of 1990,
and $236.5 million of the 3-1/2^ bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered In exchange the
4^ bonds, with certain adjustments as of December 15, 1960, at a price
of 100^.
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 $365,375.
Subscriptions were permitted to be made with payment in cash or in
4-7/8^ 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 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 $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were allotted 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 1966 and $540 million of the
3-5/8^ bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/45? 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
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 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 3-1/2!? bonds of 1980, $160.6 million of the 3-l/2^ bonds
of 1990 and $289.5 million of the 3-1/256 bonds of 1998.
6^
61/
62/
63/
64/
65/
66/
bj/
68/
62/
70/
71/
72/
22/
74/
75/
76/
77/
78/
p
Subscriptions for $100,000 or less were allotted In full. Subscriptions
for more than $100,000 were allotted 37 percent but In no case less
In addition, $100 million of the notes were allotted
than $100,000.
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, 1%2.
Includes $2 million allotted to Government investment accounts of the
3-1/45? notes, $4 million of the 3-3/45? bonds of 1%6, and $136 million
of the 3-3/45? bonds of 1974.
Holders of approximately $970 million of Series F and G savings bonds
Issued In 1950, which mature in 1%2, were offered in exchange the
3-7/85? 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 payCash payments amounted to about $309,000,
ment of any cash difference.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government Investment accounts of the 3-1/2)? certificates and $1,518 million
of the 45? notes.
In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $385 million of the 45? bonds of 1971,
$177 million of the 45? bonds of 1980, $218 million of the 3-1/25? bonds
of 1990 and $221 million of the 3-1/25? bonds of 1998.
Issued for cash and In exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 31).
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 15 percent but in no case less
In addition, $100 million of the bonds were allotted
than $50,000.
to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4S? certificates, $14 million of
the 3-5/8? notes, and $64 million of the 3-7/85? bonds.
Subscriptions were permitted to be made with payment in cash or in
the 45? notes or 3-1/45? notes, both maturing August 15, 1962 (see
Table 6, footnote 32).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962,
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 totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 45? bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less
allotted in full and those for more than $100,000 allotted not
less than $100,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
In
All subscriptions for the 4-1/45? bonds were allotted in full.
addition, $50 million of the bonds were allotted to Government
investment accounts. Savings-type investors were given the
privilege of paying for the bonds allotted to them in installments
up to October 15, 1962 (not less than 30 percent by August 15,
1962, the issue date; 60 percent by September 15, 1962; and full
payment by October 15, 1962).
In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $21 million of the 3-3/45? notes
and $320 million of the 45? bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/85? certificates, $1 million of
the 3-1/2^ notes, and $6 million of the 4!? bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills
maturing from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/85? bonds or the 4i? bonds with certain adjustments as of
December 15, 1962, 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 $89,000 for the 3-7/85? bonds and
about $99,000 for the 45? bonds.
Preliminary.
Treasury Bulletin
U-6
PUBLIC DEBT OPERATIONS
December 1962
^7
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)
Issue
4g
December 1962
kS
PUBLIC DEBT OPERATIONS
Table 5.-
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Called or maturing security 3/
Date of
refunding
or retirement
Description
2/15/53
l-7/8i? Certificate -
3/18/53
1.72C!6 Bill
{l-7/8;f Certificate
6/1/53
2%
Total
Bond
1.846^ Bill
2/15/53-A
3/1/52
3/18/53
10/8/52
6/1/53-B
6/15/53-55
7/1/52
10/7/40
6/19/53
11/21/52
8/15/53-C
8/15/52
Bond
9/15/51-53
9/15/43
2.383^ Bill
9/18/53
6/3/53
2-1/8)6 Note
12/1/53-A
10/1/52
2%
Certificate
2f
'z-Wtl Certificate
•
.
2/15/54-A
1-3/8)6 Note
2%
Disposition offers
by Treasury
Amount
outstanding
8,868
2/15/53
12/15/49
Bond
6/15/52-54
6/15/52-55
6/15/54-56
2-1/4)6 Bond
2-1/4)6 Bond
6/26/44
2/25/42
7/22/40
Total.
2-1/2)6 Certificate 2)6
Bond
2-1/4)6 Bond
2-1/4)6 Bond
2-5/8)6 Certificate -
3/22/54-C
7/15/53
6/15/52-54
6/15/52-55
6/15/54-56
6/26/44
2/25/42
7/22/40
6/1/54-B
6/1/53
4/27/54
.726)6
Bill
6/18/54
.956)6
Bill
6/24/54
3/22/54
2-5/8)6 Certificate
8/15/54-D
8/15/53
2-5/8)6 Certificate
9/15/54-E
9/15/53
4,724
12/15/54-B
1^/1/53
8,175
12/15/52-54
12/1/44
12/15/51-55
12/15/41
Total
1-7/8)6 Note
17,347
1-5/8)6 Certificate -
2/15/55-A
2/15/54
1-1/2)6 Note
-
3/15/55-A
3/15/50
5,365
2-7/8)6 Bond
-
3/15/55-60
3/15/35
2,611
Total.
7,007
U,983
Certificate
-
3/22/55-C
3/2/54
3,734
1-1/8)6 Certificate -
5/17/55-B
5/17/54
3,886
1-3/8)6 Certificate -
6/22/55-F
4/1/55
3,210
1-1/8)6 Certificate -
8/15/55-D
8/15/54
8,477
1)6
Footnotes at end of table.
Cash
retirement
Exchange
security
offered
Results of exchange offers
Turned
in for
cash 2/
December 1962
51
PUBLIC DEBT 0PE31ATI0NS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
B
December 1962
53
PUBLIC DEBT OPERATIONS
Table 6.- Disposit Ion of Matured Public Marketable Securities
Other Than Regu lar Weekly Treasury Bills - (Continued)
Called or maturing
rity
Disposition offe
by Treasury
1/
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
3-3/8i8 Certificate -
11/15/59-E
12/1/58
7,711
[6,534
7,711
t
3-1/2^ Note
11/1 5/5 9-
10/10/58
Total maturities
'
i,%
8/15/62-B
Note
9/26/57
Total
306
871
.
504
1,184
1,184
3,894
8,894
8,365
2,000
2,000
1,684 12/
'4-3/4)6 Certificate - ll/15/60-C
223
457
.4-7/3? Note
-
1^15/63-0
4-7/3)6 Note
-
ll/15/63-C
10,895
:
3.565St Bill
12/22/59
3.386^ Bill
3-3A^ Certificate
.
1,500
2,006 18/
I/15/6O
4/1/59
2,006
2/15/59
11,363
4/1/55
[6,829
[4,163
11,363
r
198
'
!
11,561
Note
-
3/15/62-B
9/26/57
f4.075iC Bill
(3.719)6 Bill
-
3/22/60
3/22/6O
7/8/59
7/8/59
1-1/2^ Note
-
<i/l/60-EA
4/1/55
57
3.835)6 Bill
-
4/15/60
5/11/59
2,003
Certificate -
5/15/6O-B
5/15/59
1,269
\%
3-1/2)6 Note
-
5/15/6O-A
2/15/57
-
5/15/60-B
1/21/59
Total.
3,005
999
4.726^ Bill
10/21/59
10/21/59
2-1/2)6 Bond
11/15/61
2/15/54
4.728)6 Bill
7/15/6O
4-3/4)6 Note
2,406
4-3/8? Certificate Note
5/15/6I-B
5/15/65-A
282
5/15/6I-B
5/15/65-A
246
Certificate Note
5/15/6I-B
5/15/65-A
r
'1,038
2,406
2,738
2,738
2,001
2,001 18/
8/15/6O-C
8/1/59
9,561
1-1/2)6 Note
IO/1/6O-EO
10/1/55
278
2-1/2^ Bond
2-1/2)6 Bond
Bond
2-1/2* Bond
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
IO/17/6O
12/2/59
II/15/6O-C
11/15/59
.
2-1/8?
11/15/60
4-7/8)6 Certificate
'2-|l/4)6
/ 3,500 21/
500 21/
Bond
2-1/4)6 Bond
2-5/^ Note
2-1/2)6 Bond
Total
Footnotes at end of table.
5,751
-
3-1/3? Certificate
13-7/8? Bond
'
3,731 22/
5/15/64-D
5/15/68
8/1/6I-C
5/15/68
gV
U/
278
2,109
2^
4,500
2^
643
993
3-1/2? Bond
3-1/2? Bond
11/15/80
2/15/90
[2,343
3-1/2? Bond
11/15/98
[3-1/4? Note
13-3/4? Bond
2/15/62-F
5/15/66
[3-1/4? Note
13-3/4? Bond
2/15/62-F
5/15/66
r
6,609
3,979
2,007 18/
7,037
7,037
3,806
I/15/6O
1,504
2/15/61
2/15/6O
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
1/15/61
of 4-3/8? Certificate
of 4-5/856 Note
3-3/4?
3-7/8?
3,893
320
9,561 22/
10,844
10,844
5.067)6 Bill
(3,674
[2,113
y
8/15/54
Total.
}
2/
12,473
4-3/4)6 Certificate
1,708
784
5,787
6,413
7/15/59
Bill
of 4-7/8? Certificate
of 4-7/8? Note
[4-3/3? Certificate [4-5/3? Note
928
243
1,269
2,002
2,016
Total.
2/15/6I-A
11/15/64-C
2,003 18/
2,002
2,016
12/l/'42
-
3,005
999
6,413
6/22/60
6/22/60
4-7/8? Note
'6,938
.4,195
11,134
.
(4.783)6 Bill
4-7/8)6 Certificate - 2/15/6I-A
- 11/15/64-C
4-7/3)6 Note
159 12/
I
3-1/4)6 Note
of 4-3/4)6 Certificate
of 4-7/8)6 Note
4-7/8)6 Certificate -
109
I
i,%
7,037
3,011
y
1,500
2/15/6O-A
V1/6O-EA
1-1/2)6 Note
5/15/59
4-3/4)6 Certificate - II/15/6O-C
- 11/15/63-C
4-7/8)6 Note
19,436
[6,431
I
335
[2,667
[9,098
ll,213
10,311
of 3-1/4? Note
of 3-3/4? Bond
1,504 18/
6,938 26/
3,670
3,000 28j"
1,296
1,177
1,131
2,438
8,000
6,041
5,000 28/
(Continued on following page)
3,268
22/
3-V4?
-
3-5/8?
-
3-3/8? Bond
[2,438 of 3-3/8? Bond
of 3-5/^ Bond
8/15/62-G
11/15/67
11/15/66
Treasury Bulletin
5'+
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
December 1962
55
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
1/
refxindlng
Issue
date
or retirement
Amount
outstanding
Exchange
security
offered
Cash
retirement
(a
3/23/62
A/15/62
Results of exchange offers
Disposition offers
by Treasury
Date of
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
millions of dollars)
y
2. 48456 Bill
3/23/62
7/26/61
3,503
3,503
2. 82758 Bill
2,000 18/
4/15/62
4/15/61
2,000
Cert,
5/15/62
5/15/61
5,509
5,509
3,807
1,138
465
99
Note
5/15/62
4/14/60
2,211
2,211
928
842
284
157
3-1/4* Cert.
3-5/8* Note
3-7/8* Bond
5/15/63-B
2/15/66-B
11/15/71
2-l/4i6 Bond
6/15/62
6/1/45
3,963
3,963
1,134
455
423
3-1/4* Cert.
3-5/8* Note
3-7/8* Bond
5/15/63-B
2/15/66-B
11/15/71
11,684
11,684
11,004
680
(3%
4i6
5/15/63-B
2/15/66-B
11/15/71
3-1/4* Cert.
3-5/8* Note
;3_7/8* Bond
5/15/62
'1,951
(6,686pof 3-1/4* Cert.
Total
l,204p of 3-7/8* Bond
y
9/27/61
2,511
2,511
7/15/62
7/15/61
2,004
2,004 18/
8/15/62
9/26/57
6/22/62
6/22/62
2.705;^ Bill
7/16/62
2.908S6 Bill
Note
3-1/4S8 Note
8/15/62
2/15/61
3,lMpof 3-5/8* Note
'3-1/2* Cert.
A%
154P
3-l/2f Cert.
2/15/63-A
2/15/62
6p
7,325
7,325
!,534p
772p
370p
6,862
2-5/8* Note
2/15/63-A
4/15/58
2,839
3_l/4* Note
2/15/63-E 11/15/61
3,642
259p
5/15/63-B
5/15/62
JV
6,686
3-l/4i8 Note
5/15/63-D
5/15/61
5,047
Note
5/15/63-B
4/1/59
1,743
I
f6,00o\
'13,000 /
26,820
Total
3/23/62
1,802
9/2^62
2.896* Bill
9/21/62
10/1/62
1-1/2* Note
lo/l/62-EO
10/1/57
590
10/15/62
2.975* Bill
10/15/62 10/16/61
2,003
3-3/4* Note
ll/15/62-C 11/29/57
1,143
3-1/4* Note
ll/15/62-H
981p
402p
4*
3-3/4* Note
Bond
8/15/67-A
8/15/72
3-3/4* Note
Bond
4*
8/15/67-A
8/15/72
3-3/4* Note
Bond
4*
8/15/67-A
8/15/72
181p
379p
f5,282p of 3-3/4* Note
l2,579p of 4* Bond
7,860p
590
1/
3/
4/
12/l5/6(>-65 ^5/12/15/38
1,485
10,979
Bureau of the Public Debt. Preliminary figures are from subbasis"
scription and allotment reports; final figures are on "clearance
in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
see
Tax anticipation issue; for detail of offerings beginning 1953,
below.
Table 4; for amounts redeemed for taxes and for cash see "Note"
Reserve
Federal
the
from
purchased
Treasury
the
On November 9, 1953,
notes maturing
System and retired $500 million of the 2-1/8* Treasury
for
December 1, 1953. For further detail see "Treasury Bulletin"
November 1953, page A-1.
Source:
2/
2-3/4* Bond
8/15/67-A
8/15/72
8/15/67-A
8/15/72
1,U3
121p
484p
446p
92p
3-1/8* Cert.
3-1/2* Note
Bond
4*
11/15/63-D
11/15/65-B
2/15/72
.,281p
112p
3-1/8* Cert.
3-1/2* Note
Bond
4*
11/15/63-D
11/15/65-B
2/15/72
4*
3-1/8* Cert.
3-1/2* Note
Bond
11/15/63-D
11/15/65-B
2/15/72
3-1/8* Cert.
3-1/2* Note
Bond
4*
11/15/63-D
ll/15/65-B
2/15/72
645P
2,269
3/15/67-A
8/15/72
3-3/4* Note
Bond
4*
2,003 iS/
6,082
12/15/59-62 11/15/45
3-3/4* Note
Bond
1,802 i/
8/1/61
2-1/4* Bond
4*
3-3/4* Note
Bond
.,OUp
11/15/62
8/15/63-C
2/15/69
8/15/87-92
4*
,301p
72 Op
f
,4i6
Bond
449p
95 3p
,
>
3-l/4Sf Cert.
4*
l,688p 22/
7,483 i2/
.093p
9/15/62 22/
8/15/63-C
2/15/69
8/15/87-92
I4-I/4* Bond
7,483
Total
Bond
[3-1/2* Cert.
,780p
8/15/62
4*
[4-1/4* Bond
569p
808p
674p
219P
1,485
121p
713p
579p
73p
10,979
10,485p
495P
2,269
^
4/
f4,856pof 3-1/8* Cert.
J3,286pof 3-1/2* Note
|^2,344pof 4* Bond
Reopening of February 2, 1953, offering (see Table 4).
It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury Issue after
February 15, 1954. This offer was included in the refundlngs of
May 17, 1954.
Reopening of August 3, 1954, offering (see Table 4).
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due June 15, 1956.
2/ Reopening of May 3, 1955, offering (see Table 4).
Remaining footnotes on following page.
7/
8/
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Footnotes to Table 6.- (Ck)ntlnuedl
Reopening of November 28, 1955, offering (see Table 4).
During June 1956, $159 million of theae notes were purchased by the
Treasury for account of the Sinking Fund and retired.
Also designated tax anticipation certificates.
Two issues of bills, maturing January 16, 1957, and February 15, 1957
respectively, were rolled over into two Issues of tax anticipation
bills, both maturing June 24, 1957.
During June and July 1958, ii91 million of the 2-5/8)8 Treasury bonds
of 1965 were purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May 14, 1958, for redemption on September 15, 1958.
Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 22).
Holders of the 456 notes, who had the option to redeem at par on
February 15, 1%0, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/85t notes.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
Advance refunding offering. Pursxiant 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.
Holders of 2-l/2;6 Treasury bonds maturing November 15, 1961, 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.
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 3-1/8/K certificates or
the 3-7/85K bonds which were offered in an aggregate of around
*8-3/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-3/4)6 Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
Reopening of an earlier Issue.
Holders of 2-1/2)6 Treasury bonds maturing June 15, 1%7, 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, 1960, inclusive, the first for 3-1/2)6 bonds of 1980,
the second for 3-1/2)6 bonds of 1990, and the other two for 3-l/2)6
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
lolders 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 3-1/4)6
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8)6 certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 51 and 52).
From March 20 through March 22, 1961, owners of 2-1/4)6 bonds of June
15, 1959-62, 2-l/4!6 bonds of December 15, 1959-62, 2-5/8)6 notes
maturing February 15, 1963, and 2-1/2)6 bonds maturing August 15, 1%3,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8)6 bond due November 15, 1%7,
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 1%7 or $3 billion for the bonds of 1966.
,
29/
.20/
Jiy
32/
33/
34/
35/
p
Holders of the maturing 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 million offering of 3% certificates or the $2,500 million
offering of 3-1/4)6 notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8)6 certificates and 3-5/8)6 notes over
allotments of new securities on subscriptions from holders of those
certificates and notes(see Table 4, footnotes 55 and 56),
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
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 $6,500
million offering of 3-1/2)6 certificates, the $1,500 million
offering of 4)6 bonds, or the $750 million offering of 4-1/4)6
bonds. For detail of ofi^erlng, see Table 4.
Excess of maturing 4)6 notes and 3-1/4)6 notes over allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 70 and 71).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2)6 certificates, 2-5/8)6 notes,
3-1/4)6 notes), and May 15, 1963 (3-1/4)6 certificates, 3-1/4)6 notes,
4)6 notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August L4, 1%2, for redemption on December 15, 1962,
Preliminary.
Note:
Information on retirement of
December 1962
57
,
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
and Series H has been on sale since June 1, I952.
1,
19'H,
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Serl^^s
Interest yields, maturities, and other terms appear In the
A-D were sold from March 1, 1935, through April 30, 19'H.
Series F and G were sold from May 1, 19''-1, through April
Treasury Bulletins of April 1951, May I952, May 1957, October and December 1959, and May and October 196I.
Table 1.- Sales and Redemption by Series, Cumulative through November 30, 1062
(In millions of dollars)
.. ..
,
Treasury Bulletin
5«
.UHITED STATES SAVINGSS BOHTS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redempti
Sales
1/
Accrued
disco\int
Sales plus
accrued
discount
Amount outstanding
Sales
price
i/
Accrued
discount
2/
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-1954 i/.
1955 i/
1956
1957
1958
1959
1960
1961
1962
,
,
Calendar years:
1941-1954
1955
1956
,
1957
1958
1959
1960
,
,
1%1
,
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
4,421
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
5,753
44,558
4,544
4,730
5,176
5,187
5,107
5,502
4,627
4,603
42,058
3,911
4,069
4,444
4,432r
4,310
4,616
3,906
3,873
2,500
633
661
76,352
5,368
5,043
8,626
1,113
1,124
4,507
4,689
4,320
4,350
4,539
1,178
1,169
1,224
1,293
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
46,744
4,652
4,832
5,469
4,856
5,519
4,996
4,484
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
2,798
654
670
783
727
883
794
703
132
102
110
608
465
483
483
376
396
395
315
338
44,610
44,699
44,786
454
452
491
401
402
424
342
44,839
44,888
44,955
330
323
1,U3
732
755r
797
886
721
731
37,482
39,285
40,929
41,498
42,142
42,716
42,715
43,806
44,955
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
Months:
1%2-January. .
476
February.
March
362
374
April
Hay
349
353
363
,
June
July
August ,,.
September
,
.
October.
November.
358
360
301
134
106
492
466
414
398
113
360
327
107
107
466
434
366
335
Series F, G, J, and K combined
Fiscal years:
1941-1954 V1955 i/
1956
1957
1958
1959
1960
29,848
1,249
•
1%1
1%2
729
108
100
83
65
54
46
32
Calendar years:
1941-1954
30,472
907
475
1955
1956
1957
1958
1959
1960
1961
,
Months:
1%2-January..,
February.
March....
April
Hay
June
July
August
September
. .
October. .
November,
784
103
30,577
337
355
^
302
45,049
45,130
45,184
306
282
45,284
45,383
..
,
.
December 1962
59
.UNTIED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
(In millions of dollars)
Redemptions
Sales
Fiscal years:
1941-1954 V1955 i/
1956
1957
1958
1959
1960
1961
•
1962
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
Months:
1962- January,
February.
March, , ,
April,,.,
May
June
1/
Accrued
discoiint
Sales plus
accrued
discount
1/
Sales
price j/
Accrued
discount
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
3,674
8,061
1,123
i,il;
1,133
1,161
1,174
1,194
1,254
1,331
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
5,005
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
4,343
42,027
3,857
3,961
4,248
4,196r
4,092
4,295
3,673
3,613
2,500
633
661
74,843
4,192
8,626
1,113
1,124
46,690
4,572
4,689
5,220
4,658
2,798
654
670
5,225
4,729
4,249
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
464
357
368
296
309
3,875
3,802
3,598
3,632
3,711
1,178
1,169
1,224
1,293
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
379
303
313
132
102
110
512
405
422
4,U2
1,U3
291
314
307
375
^
Exchanges of
E bonds for
H bonds
732
75 5r
797
886
721
731
783
727
883
794
703
201
188
219
278
212
Amount
outstanding
(interestbearing debt)
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
38,260
36,778
37,510
38,087
37,885
38,206
37,748
37,597
38,
UO
38,160
38,187
38,222
395
378
413
435
378
400
330
38,222
38,242
38,260
319
312
July
August ,
September
296
311
261
134
106
113
430
417
375
371
361
334
304
298
275
38,302
38,344
38,373
October.
November
311
282
107
107
418
390
342
313
281
259
38,436
38,500
.
Fiscal years;
1952-1954 ij
..
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Total
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
V
6,137
5,109
5,621
6,515
7,251
7,846
8,953
8,544
7,249
8,557
5,819
5,716
Calendar years:
1951
5,651
5,074
Series E
and H
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
772
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
621
4A2
479
199
307
197
458
460
481
201
198
166
August
September
453
429
402
138
106
Go tober
November,
514
402
1952
1953
1954
1955
1956
6,U9
1957
1958
1959
1960
1961
Months:
1962- January.
February.
March. . .
April.
..
May
June
July,
. .
.
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,94A
1,633
779
90
633 &/
1,260
2,115
2,345
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
3,070
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
2,875
1,042
1,012
904
874
619
682
1,526
1,544
543
1,356
283
4,914
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3.938
3,100
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
3,114
2,899
1,097
929
917
251
242
266
238
223
253
268
261
271
243
248
256
237
210
222
20
33
215
195
214
31
31
243
286
230
274
^
2,U4
1,824
1,625
1,822 2/
940 8/
925 2/
518
47
990
1,672
2,183
2,355
2,072
1,702
2,268 2/
1,089 2/ 8/
922 8/ 2/
^
127
206
72 2/
101 2/
U5
U6
52
2/
56 2/
44 2/
39 2/
154
128
30
148
U5
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
In these tables sales of Series A-F and J bonds are included at issue
Source:
Note:
\J
2/
j/
price, and redemptions and amounts 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 G bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have mattired, and are then
transferred to matured debt upon which interest has ceased.
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 iWD
combined will be found in the February 1952 and previous Issues of the
Treasury Bulletin.
Because there is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discoont has been
estimated.
Beginning with the Treasury Bulletin of March 1961 the
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
Unclassified
12/
Series E and H
^
^
6/
2/
8/
2/
10/
»
179
-84
116
185
75
-150
-210
-212
1%
593
689
979
1,886
750
1,075
825
201
34
31
757
-595
120
266
22
-449
-239
171
-107
16
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 daily 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 3-1/4)5
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4)t marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4!f marketable
bonds of 1%9.
Includes exchanges of Series 1950 F and G bonds for 3-7/8J8 marketable
bonds of 1968.
Represents changes In the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
r
Revised.
.
. .
.
December 1962
61
OWNERSraP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U, S. Government
Total
Federal
securities outstanding
1/
Held by U. S. Government
investment accounts 2/
Total
outstanding
Public
issues
Special
issues
Interest-bearing securities guaranteed by the U. S. Government
^
Held by priva
investors 2/
Held by
Federal
Reserve
Banks public
Public
marketable
issues
1955.
1956.
1957.
1958.
1959.
274,418
272,825
270,634
276,444
284,817
271,741
269,883
268,486
274,698
281,833
50,536
53,470
55,501
55,842
54,554
7,286
8,356
8,674
9,596
9,799
43,250
46,827
46,246
44,756
23,607
23,758
23,035
25,438
26,044
197,598
192,655
189,949
193,418
201,235
127,875
126,304
127,179
134,593
1960.
1961.
1962.
286,471
289,211
298,645
283,241
285,672
294,442
55,259
56,002
56,296
10,360
10,959
11,357
44,899
45,043
44,939
26,523
27,253
29,663
201,459
202,417
208,483
1961-Dec ember.
296,499
292,689
54,406
10,886
1962-January.
February.
March. , .
296,860
297,354
296,489
293,111
293,549
292,485
53,630
54,021
54,314
11,325
11,270
11,505
42,304
42,751
42,809
28,532
28,360
29,061
April.
May. ..
June.
297,357
299,604
298,645
293,361
295,519
294,442
53,5%
55,750
56,296
11,474
11,458
11,357
42,122
44,291
44,939
July
August
September.
298,324
302,312
299,986
293,918
297,904
295,571
55,377
56,899
56,268
11,582
11,473
11,709
October. ,
November.
302,553
305,893
298,145
301,384
55,896
56,340
12,006
12,177
Held by
Public
nonmarketable
issues
Total
outstanding
U.
S.
Government
investment
accounts
2/
debt
and
debt
bearing
no
interest
U4,983
69,723
66,351
62,770
58,825
56,252
106
101
110
2,634
2,869
2,042
1,646
2,873
149,546
151,392
157,418
51,913
51,025
51,065
139
240
444
3,090
3,300
3,759
158,600
50,803
210,949
211,168
209,109
160,154
160,348
158,324
50,794
50,820
50,785
369
400
129
134
145
215
235
256
3,405
3,436
3,605
29,182
29,622
29,663
210,583
208,483
159,848
159,478
157,418
50,734
50,668
51,065
404
429
444
151
160
167
253
269
277
3,592
3,656
3,759
43,796
45,427
44,559
29,786
30,358
29,825
208,754
210,647
209,478
157,868
159,830
158,782
50,886
50,817
50,696
445
468
486
163
160
158
283
308
328
3,960
3,939
3,929
43,890
44,163
30,201
30,454
212,048
161,464
163,946
50,584
50,645
485
502
156
163
329
339
3,923
4,007
45,
lU
Daily Treasury statement for total amounts outstanding; reports
Source:
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks,
l/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U, S, Government
210, U7
2U,591
2/
^
344
agencies whose investments are handled outside the Treasury,
The total amount of interest-bearing securities held by private inves
tors 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.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
investors
2/
Matured
62
Treasury Bulletin
December 1962
63
SUWEY OF CWNERSHIP, OCTOBER
.TEEASURY
31, 1962,
The monthly Treasury Survey of Ovmershlp covers secu-
corporations and savings and loan associations In the Sep-
rities Issued by the United States Government and by Fed-
tember i960 Bulletin, and for State and local govemments
eral agencies.
The banks and Insurance companies Included
In the Survey currently account for about
<)0
percent of all
such securities held by these Institutions.
The similar
proportion for corporations and for savings and loan aesoclatlons Is ^Q percent, and for State and local governments,
60 percent.
Data were first published for banks and in-
surance companies In the May
Section
I
19^*1
-
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 3I. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March 1^^^ Bulletin.
Treasury Bulletin, for
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
61^
Treasury Bulletin
.TREASURY
SUWET OF CWNERSHIP, XTOBER
31, 1962,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
6,176
commercial
banks
2/ J/
508
mutual
savings
488
301
life
2/
511 fire,
casualty,
and
marine
Treasxiry bills:
Regular weekly:
Nov.
Feb.
1962 - Jan. 1963..
1963 - Apr. 1963..
26,220
8,408
3,608
1,476
1963
1963
1963
1963
2,001
2,001
2,004
2,500
343
361
406
1,045
Total Treasury bills
46,139
8,352
5,719
5,284
6,851
944
964
1,269
17,854
3,178
1,143
6,082
1,487
2,257
1,183
3,030
3,011
3,893
4,933
2,316
5,019
4,195
2,113
539
1,101
524
987
254
42
Tax anticipation:
1963
Mar.
Other:
Jan.
Apr.
July
Oct.
Certificates of Indebtedness:
3-l/2!6 Feb.
196 3-A
May
1963-B
3-1/4
3-1/2
Aug.
196 3-C
Total certificates of indebtedness
Treasury notes:
3-3/4)f
3-1/4
2-5/8
3-1/4
4
3-1/4
4-7/8
3-3/4
4-3/4
5
3-3/4
4-7/8
4-5/8
3-5/8
4
J-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
Nov.
Feb.
Feb.
May
May
Nov.
May
May
Aug.
Aug.
Nov.
May
Feb.
Aug.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1962-C
1962-H
1963-A
1963-E
1963-B
1963-D
1963-C
1964-D
1964-A
1964-B
1964-E
1964-C
1965-A
1966-B
1966-A
1967-A
1963-EA
1963-EO
1964-EA
1964-EO
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
3-7/8
4
3-7/8
4-1/4
3-1/4
Feb.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Nov.
Aug.
Nov.
May
June
533
506
1%5-EA
457
490
466
1965-EO
1966-EA
1966-EO
315
675
357
1%7-EA
1%7-EO
Total Treasxiry notes
Treasury bonds:
2-1/4* Dec.
Deo.
2-3/4
June
2-1/2
2-1/2
Aug.
Dec.
2-1/2
3,1U
4,454
5,281
1959-62
1960-65 11/
1962-67
1963
l%3-68
1964
1964-69
1964-69
1965
l%5-70
1966-71
1966
1966
1%6
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1971
1971
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
270
427
1,317
965
2,025
532
329
2,021
754
695
2,181
1,640
3,545
166
266
193
239
241
180
278
197
160
96
54
139
116
59
143
158
105
5
,
,
57,583
21,446
2,269
1,485
690
1,323
616
2,141
623
1,450
680
634
2,533
368
157
1,890
838
1,205
147
1,005
1,271
153
727
744
1,170
687
1,286
503
935
1,462
-
,
,
,
,
,
,
,
,
,
,
,
,
,
,
,
,
,
,
4,317
1,816
2,700
2,633
2,545
4,682
2,424
1,412
3,597
1,484
2,438
1,329
1,952
3,604
2,815
2,460
1,258
1,844
2,538
2,806
1,204
2,579
1,171
470
1,593
52
16
33
1,233
358
241
30
174
119
111
30
46
81
96
104
87
103
41
75
162
125
61
184
91
108
122
144
121
100
190
166
48
159
117
229
130
37
103
135
State and
local governments
saving;
and loan
associations
295
general
funds
185
pension and
retirement
funds
U. S. Govern-
ment Investment accounts
and Federal
Reserve Bank,
December 1962
65
.TREASURY SURVEY OF CWNERSHIP, OCTOBER 31, 1962,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
66
December 1962
67
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVIMBER 30, 1962
Current market quotations shown here are over-thecounter closing bid quotations In the Hew York meirkeT;
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 Government.
Outstanding issues which are guaranteed by the
United States Government are excluded because they are
not regularly quoted In the market.
The securities listed Include all regularly quoted public
Table 1.- Treasury Bills (Taxable)
Bank discount
Amount outstandIng (millions)
Maturity
Change from
last month
date
Amount
outstand-
$702
700
701
700
1,300
1,301
1,300
1,301
1,301
700
700
800
803
800
1,301
1,302
1,300
1,300
800
804
800
800
800
801
801
700
1/
1/
1/
1/
V
l/
1/
1/
1/
1/
9/6/62
9/13/62
9/20/62
9/27/62
6/7/62
6/14/62
6/21/62
6/28/62
12/6/62
12/13/62
12/20/62
12/27/62
10/4/62
10/11/62
10/18/62
10/25/62
11/1/62
7/5/62
7/12/62
7/19/62
7/26/62
8/2/62
1/3/63
1/10/63
1/17/63
1/24/63
1/31/63
11/8/62
11/15/62
11/23/62
11/29/62
8/9/62
8/16/62
8/23/62
8/30/62
2/7/63
2/14/63
2/21/63
2/28/63
9/6/62
9/13/62
9/20/62
9/27/62
3/7/63
3/14/63
3/21/63
3/28/63
Change from
last month
Regular weekly bills - 26 weeks
Regular weekly bills - 13 and 26 weeks
«1,301
1,301
1,301
1,300
Bank discount
Maturity
date
ing
(millions)
2.75*
2.55
$701
701
700
700
10/4/62
10/11/62
10/18/62
10/25/62
4/4/63
4/11/63
4/18/63
4/25/63
2.91
2.92
2.92
701
702
701
11/1/62
11/8/62
11/15/62
11/23/62
11/29/62
5/2/63
5/9/63
5/16/63
5/23/63
5/31/63
2.93
2.93
2.93
2.94
2.92
$3,005
10/3/62
anticipation bills
$2,001
3/22/63
6g
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVMBER 30, 1962
Table 4.- Taxable Treasury Bonds
December 1962
69
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1962
CVI
d
ro
>
o
LJ
Ei
ZD
B
LU
o
3
E
O
§
CD CO
<
X
ll.
o
</)
o
_l
UJ
>-
...
.
,
.
.
.
.
70
,
Treasury Bulletin
-AVERASE YIELDS OF LOHG-TEIM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 2/
Moody* a Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
2.44
1942.
1943.
1944.
1945.
1946.
1947.
1948.
2.83
2.73
2.72
2.62
2.53
2.61
2.31
2.32
2.57
2.68
2.94
2.55
2.84
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.66
2.62
2.86
2.96
3.20
2.90
3.06
3.08
3.47
3.43
4.08
4.02
3.90
1956.
1957.
1958.
1959.
1960.
1%1.
Monthly series - averages of daily series
2.97 2/
1953-Aprll
May
June
July
August ....
September.
October...
November.
December.
1954-January. .
February.
March
April
May
June
July
August
September.
October.
NovemberDecember.
.
1955-Jan\iary.
.
February.
March
April
May
June
July
August ....
September.
October. .
November.
December,
1956-January. .
Febniary.
March
April
May
June
3.11
3.13
3.02
3.02
2.98
2.83
2.86
2.79
y
3.23
3.34
3.40
3.28
3.24
3.29
3.16
3.11
3.13
2.69
2.62
2.53
2.48
2.54
2.55 J/
2.47
2.48
2.52
2.54
2.57
2.59
3.06
2.95
2.86
2.68 2/
2.78
2.78 2/
2.82
2.81
2.82
2.91
2.95
2.92
2.87
2.93
2.99
y
2.85
2.93 2/
3.07
2.97
2.93
3.02
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15
3.11
3.08
3.10
3.24
3.28
3.27
1956- July
August
September.
October. .
November.
December.
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
1957-January. ..
February.
34
3.77
3.67
3.66
3.67
3.74
3.91
3.99
4.10
4.12
4.10
4.08
3.81
March
April
May
June
July
August
September.
October. .
November.
December,
1958-January. .
February,
March
April
58
2/
60
63
(£2/2/
73
57 2/
30 2/
24 2/
28
25
12
May
U
June
July
August ....
September.
October. .
November.
December.
20 2/
1959-January.
February.
.
March
April
May
June
July
Au,^st ....
September.
36
60
75
76
70
3.91 2/
3.92
3.92
4.01
4.08
4.09
3.60
3.59
3.63
3.60
3.57
3.57
3.67
3.85
4.09
4.11
4.09
4.08
1959-October...
November.
December.
4.11 2/
1960- January. .
February.
4.37
4.22
4.08
4.18 2/
4.16
3.98
3.86
March
April
May
June
July
August ....
September.
October.
November.
December.
.
1961-January.
February.
.
March
April
May
June
July
August
September.
October. ,.
November
December.
. .
,
1962-January. .
February.
4.12
4.14
4.13
4.23
4.37
4.46
4.47
4.43
4.52
Weekly series - averages of daily series for weeks ending 1962-June
,
March
April
May
Jxii^e
July
August , .
September.
October
November,,
,
.
3.79
3.84 2/
3.91
3.93
3.88
3.89
3.81
3.78
3.80
3.73
3.88
3.90
4.00
4.02
3.98
3.98
4.06
4.08
4.09
4.01
3.89
3.88
3.90
4.02 2/
3.98
3.94
3.89
3.87
December 1962
71
AVERAGE YIELDS OF LONG-TERM BONDS.
..
.,
1
,
Treasury Bulletin
72
.
MONETARY STATISTICS
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money
End of flecal
year or month
1955
1956
Total
money in
circulation 1/
30,229
30,715
31,082
31,172
1957
1958
1959
31,9U
1960
1961
32,065
1962
33,770
32 ,405
1961-Deo ember.
1%2-Janu8ry.
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
g/
United
States
notes
Federal
Reserve
notes
28,372
28,767
29,040
29,071
29,699
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
29,726
29,943
31,117
2,127
2,094
2,009
318
318
318
27,094
27,353
28,622
306
310
31,336
32,774
32,880
33,018
30,222
30,319
30,438
1,974
1,969
2,013
3U
27,771
27,869
27,941
June
33,159
33,518
33,770
30,547
30,881
31,117
2,030
2,035
2,009
316
320
318
28,033
28,358
28,622
July
August..
September
33,869
33,932
33,893
31,197
31,245
31,192
1,980
1,945
1,943
317
318
316
28,734
28,842
28,792
October.
34,109 i/
31,382
318
28,976 6/
February.
March. . .
April
May
.
20 i/
1,947
y
Federa
Reserve
Bank
notes
163
U7
133
120
110
National
bank
notes
...
December 1962
73
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amoimts in millions)
(S35 per
fine ounce)
1955
1956
Ratio of silver to
gold and silver in
monetary stocks
(in percent)
Silver
($1.29+ per
fine oijnce)
Ctold
End of fiscal
year or month
1957
1958
1959
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6 1/
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
15.3
15.5
15.4
16.8
18.3
1960
1961
1962
19,322.2
17,550.2
16,435.2
4,394.5
4,346.5
4,317.4
20.8
b, 815.1
S,789.6
i,608.4
4,307.6
4,312.6
4,312.3
20.4
20.4
20.6
June
S,494.5
3,434.4
3,435.2
4,312.0
4,315.1
4,317.4
20.7
20.8
20.8
July
August...
September
3,147.4
i, 097.6
b,067.4
4,317.2
4,316.8
4,317.2
21.1
21.2
21.2
18.5
19.9
1961-December.
1962-January.
February.
March. .
.
April.
May
October.
,,
Source:
Circulation Statement of United States Money.
silver monetary stock see Table 4.
For detail of
1/
See Table 3, footnote
3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities;
Gold certificates,
End of calendar year or month
etc.
2/
Balance of gold in
Treasurer's account
1957
1958
1959
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
491.2
491.2
508.1
396.1
105.4
1960
1961
17,766.6
16,889.0
17,665.6
16,771.2
101.0
117.8
1962-January..
February.
March. . ..
16,815.1
16,789.6
16,608.4
16,698.0
16,685.7
16,492.1
117.1
103.9
116.3
April. ...
June
16,494.5
16,434.4
16,435.2
16,377.8
16,313.8
16,314.1
116.7
120.6
121.2
July
August . . .
September,
16,147.4
16,097.6
16,067.4
16,027.3
15,972.9
15,952.2
120.2
124.7
115.1
1955
1956
May
October,
15,847.6
.
Source:
Circulation Statement of United States Money.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics^" Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
2/
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
.
.
Treasury Bulletin
1^
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Silver
bullion
Subsidiary
coin j/
2/
1956
1957
1958
1959
2,194.4
2,208.9
2,212.9
2,245.0
2,251.4
236.3
219.0
202.7
182.3
1960
1961
2,252.1
2,237.5
161.2
130.1
2.6
3.6
1962- January.
February
March...
2,230.7
2,226.9
2,219.1
129.7
129.5
127.7
7.8
10.8
15.6
June....,
2,202.3
2,136.8
2,183.1
121.5
119.5
115.5
July
August . .
Septembei
2,180.5
2,167.6
2,156.0
113.7
110.5
107.1
I'l^--
April
May
Silver outside
253.5
Silver
bullion
15.7
2.3
8.2
1/
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
2/
V
17.9
63.0
92.3
Silver
dollars
1/
Subsidiary
coin j/
Total
silver
at $1.29+
per fine
ounce
235.4
252.2
269.3
285.4
305.5
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
326.5
357.3
1,576.0
1,650.5
4,375.6
4,308.6
26.4
29.2
26.1
357.7
357.9
359.7
1,650.1
1,651.2
1,657.7
4,307.6
4,312.6
4,312.3
11.6
8.7
4.5
26.3
29.1
30.1
365.8
367.8
371.9
1,679.2
1,697.8
1,706.3
4,312.0
4,315.1
4,317.4
5.4
6.2
30.9
30.8
31.6
373.5
376.6
380.0
1,707.3
1,720.0
1,730.7
4,317.2
4,316.8
4,317.2
32.5
383.6
1,743.5
U.9
U8.3
3.2
127.4
7.5
October,.
Source:
Treasxiry
In Treasurer'
Securing silver certificates 1/
2/
(J
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
..
December 1962
75
.
MONETARY STATISTICS
.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - In millions of dollars)
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) g/
Misc. silver
(Incl. silver
bullion held
June lA, 19 3^)
Sources of seigniorage on silver bullion revalued
1/
Newly mined silver
2/
Silver Purchase Act
of June 19,
1934
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Proclamation
of Dec. 21,
1933
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
18.5
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1,038.5
1,101.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
333.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
34.5
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
1962- January.
February.
Uarcb. . .
1,107.9
1,110.6
1,112.7
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
1,115.3
1,119.2
1,122.8
48.7
48.7
48.7
833.7
833.7
833.7
1,126.9
1,130.6
1,134.1
48.7
48.7
48.7
833.7
833.7
833.7
1,137.7
1,141.8
48.7
48.7
833.7
833.7
1935
April
May
June
July ....
August ...
September
October.
November.
Bureau of Accounts.
Source:
1/ These items represent the difference between the cost value and the
monetary value of silver bxillion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
Acts of
July 6, 1939,
and July 31, 1946
seigniorage
on silver
revalued 2/
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
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
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
167.9
167.9
1,172.5
1,172.5
j/
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
1U.6
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account j/
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
1A6.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
U.3
50.0
72.9
114.0
98.3
70.8
12.6
12.6
U.6
U.7
M.7
15.8
16.7
16.8
16.8
16.8
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The flgxires in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
. ,
76
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
End of calendar
year or month
Total
gold stock
and foreign
currency
holdings
Gold stock
1/
Treasury
Total
2/
Foreign
currency
holdings j/
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
1960
1961
20,582
19,507
17,804
17,063
20,534
19,456
17,767
16,889
20,582
19,507
17,804
16,947
16,963
16,948
16,873
16,815
16,790
16,608
16,847
16,795
16,643
230
June
16,762
16,718
17,081
16,495
16,434
16,435
16,519
16,458
16,527
243
260
554
July
August
September..
16,678
16,562
16,531
H7
16,098
16,067
16,182
16,139
16,081
423
450
October .
November
16,364
16,217
15,978
15,978
16,026
16,015
1962- January
February.
March
April
May
Note:
1/
. .
p.
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
$4,125 million.
In accordance with Fund policies, these drawing
rights include the right to draw virtually automatically an amount
equal to the sura of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on November 30,
1962, these two amounts totaled $1,070.2 million.
Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
16,
116
153
4%
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of November 30, 1962,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of United
States Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
December 1962
77
,
CAPITAL MOVMENTS.
Data relating to capital moveraentB between the United
States and foreign countries have been collected since
1935. pursuant to Executive Order 6560 of January 15, I93U,
Executive Order IOO33 of February S, 1949, and Treasury
regulations promulgated thereunder.
Information on the
principal types of data and the principal countries Is reported iDonthly, and Is published regularly In the "Treasury
Bulletin."
Supplementary Information Is published less
frequently.
Reports by banks, bankers, securities brokers
and dealers,
and Industrial and commercial concerns In the
United States are made Initially to the Federal Reserve
Banks, vrtilch forward consolidated figures to the Treasury.
Beginning April
195'*'.
data reported by banks In the Terri-
will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
tries,
They provide summaries, by periods and by coun-
of data on short-term banking liabilities to and
claims on foreigners and transactions In long-term securities by foreigners, and present detailed breakdowns of the
latest available preliminary data.
Section IV provides supplementary data In six tables
which appear at less frequent Intervals.
Table
1,
short-
term foreign liabilities and claims reported by nonf Inanclal concerns, Is published quarterly In the February, May,
August, and November Issues of the Bulletin.
Table
2,
tories and possessions of the United States are Included
long-term foreign liabilities and claims reported by banks
In the published data.
and bankers,
The temi "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located,
izations.
one year or less,
T.aturltles.
and International organ-
"Short-term" refers to original maturities of
and "long-term" refers to all other
A detailed discussion of the reporting cov-
statistical presentation, and definitions appeared
erage,
In the June IS'j^ Issue of the "Treasury Bulletin," pages
U5-'+7.
In that
As a result of changes In presentation Introduced
Issue,
and Table
3>
estimated gold reserves and
dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table
h,
foreign credit
and debit balances In brokerage accounts, appears semi-
annually in the March and 3eptember issues. Table 5.
short-term liabHities to foreigners in countries and
areas not regularly reported separately by banking institutions, is presented annually, appearing In the April
issue through 1958 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 Kay 1959 issue.
not all breakdowns previously published
Section I - Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
.
.
Treasury Bulletin
78
CAPITAL MOVlMENTi
Section I - Summary by PerlodB
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
Short-term claims on foreigners
Payable in dollars
Total 1/
Foreign
official 1/
Other
foreign
International!/
4,294.3r
161.3
152.1
183.9
4,570.3
4,688.3
4,871.4
659.6
697.0
798.7
3,453.0
3,548.7
3,599.8
457.7
442.7
472.9
4,392.6r
4,482. 7r
4,453.2r
181.2
167.3
176.8
4,851.9
4,836.3
4,777.8
804.8
845.0
824.2
3,588.5
3,481.2
3,475.0
458.6
510.2
478.7
179.7
246.1
253.9
827.7
818.3
801.6
3,511.4
3,506.5
3,469.7
490.1
463.1
495.9
282.1
1961.
1962- January.
February.
March....
22,362.3r
22,666.8r
23,081.3r
10,208. 2r
10,054. 7r
10,423.2r
8,291.6r
8,4^5.8r
8,179.9r
4,0U.2r
23,265.2r
23,401.8r
23,947.4r
10,213.6r
10,404.9r
ll,171.7r
8,477.8r
8,346.8r
8,145.7
April.
May...
June..
1/
2/
3,701.3r
^.
24,056.3r
July
August
September p.
23,623.6r
24,175.4
24,538.2r
10,741.2r
11,020.0
ll,546.2r
8,015.8
7,921.3
4,734.9r
4,893.5
4,816.9r
October. p..
25,222.5
11,961.2
8,M0.0
4,839.2
June
8,254.6
7,%7.8
Data revised to exclude nonnegotiable, noninterest-bearing
special
U. S. notes held by the Inter-American Development Bank and the Inter-
national Development Association.
Beginning in August 1956 and again In April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign
official."
U3.7
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
3,897.2r
3,690.0r
72.0
86.4
105.4
100.3
319.6
292.9
361.2
Payable in
foreign currencies
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,415.1
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 2/
5,665.3 2/
5,890.8
6,999.1
6.934.4
7, 655. Or
246.7
257.9
329.7
Other
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,700.1
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 2/
7,916.6 2/
8,664.9
9,154.3
10,326.9
10, 920. Or
1%0.
Loans to
foreign banks
13.9
17.9
21.6
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6r
22,415.3r
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
Payable in dollars
Payable in
foreign
currencies
222.7
151.1
177.2
i;22.9
137.2
169.7
245.0
290.5
490.6
30.9
34.4
54.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.3
U7.3
197.7
217.2
479.6
585.6
4,835.5
i/
V
p
4,829.2
4,787.9
4,767.2
V
4,931.9
Differs from June data on the preceding line by inclusion of
liabilities and claims reported by banks initially Included as of
June 30, 1962.
Includes $172.8 million representing reported liabilities to foreign
official institutions.
Preliminary.
r
Revised.
.
.
December 1962
79
CAPITAL MOVaiENTS
,
Section I
Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
-
(1" millions of dollars; negative figures indicate a net outflou of capital from the United States)
U,
and notes
Purchases
1935-41....
396.8 2/
164.2
241.3
513.6
377.7
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743-7
19«
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
196Q
1961
1962-Jan.
Feb...
Mar...
Apr. .
May...
June..
July..
30.2
.
Aug
U3.6
142.3
104.0
122.2
108.1
M5.6
135.2
326.6
76.6
..
Sept..;
Oct. p
Corporate and other
S, CJovemment bonds
Bonds
2/
Net
Sales
492.4 2/
138.5
170.6
268.2
393.4
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
58.0
268.9
271.8
140.4
298.7
135.6
119.3
346.5
334.1
106.5
purchases
-95.7 2/
25.7
70.7
245.3
-15.7
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
2/
Net
purchases
Purchases
2/
2/
2^
2^
2/
^>
2^
^,
2/
3/
36.3
688.9
126.6
512.2
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
-27.8
-125.2
-129.5
-36.4
-176.4
-27.6
26.3
-211.3
-7.5
-29.9
20.1
20.5
42.5
42.5
23.0
30.9
17.7
19.5
18.1
25.7
U1.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
37.5
26.7
28.4
41.1
24.7
30.2
31.1
19.9
24.3
27.3
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-17.4
-6.2
-1.7
236.9
217.2
225.7
190.3
262.7
.7
2U.1
-13.4
-.4
-6.2
-1.6
150.5
143.3
106.9
129.2
U.2
1.3
Excludes nonmarketable U. S. Treasury bonds, foreign currency series.
Through 1949 includes transactions in corporate bonds.
in U. S. Government bonds and
notes.
Note:
"ij
430.2 2/
96.4
151.6
136.9
260.2
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
108.3
2/
2/ Through 1949 included with transactions
p
Net
purchases
Purchases
841.6 i/
75.5
194.6
171.4
357.7
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
182.8
181.3
205.6
169.8
235.2
279.2
168.9
136.2
115.5
133.1
-411.4
20.9
-43.0
-34.6
-97.4
-64.5
-150.6
-L44.3
-21.2
2.9
120.3
1.0
Total
purchases
Total
sales
9,322.1
260.6
392.9
650.4
637.9
782.1
570.9
652.2
784.1
2,011.1
1,533.3
1,384.0
1,447.9
2,205.7
3,227.0
2,790.0
2,282.8
2,982.5
3,810.1
8,695.3
y
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
2U.0
365.2
439.7
751.0
1,116.3
659.9
844.4
708.9
1,066.6
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
2,985.2
2,685.7
3,770.1
4,392.2
4,U8.5
5,127.8
54.0
35.8
20.2
20.5
27.6
-65.1
-18.4
287.2
381.3
410.5
336.8
408.0
353.0
313.8
7.2
298.0
451.6
-8.6
-3.9
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
W9.3
685.2
156.4
W1.8
-2.7
1,124.4
378.4
735.7
278.4
476.8
505.7
351.3
8.9
-95.6
-95.1
558.5
-150.5
-92.0
-5.5
-204.6
-22.3
-35.4
445.0
319.3
502.6
473.9
266.9
231.5
Net purchases of
domestic
securities
-U.6
January 4, 1940, through December 31, 1941; the breakdown between
stocks and bonds is not available for earlier years.
Preliminary.
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
1935-41
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1%2- January.
446.4
3U.3
318.1
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
. .
February.
.
March
April
May
June
July
August......
September p
October p..
Foreign stocks
Net
purchases
93.4
106.3
94.6
79.4
124.9
56.0
64.2
50.0
43.5
250.8
372.2
225.3
347.3
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
90.9
159.8
U4.8
1U.5
301.1
135.7
88.6
64.5
100.1
401.3
n.a.
n.a.
74.2
Total
purchases
Net
Total
sales
purchases
89.0
-29.2
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
23.3
26.6
37.3
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
22.1
54.8
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
2.5
-53.5
-50.1
-35.1
-176.3
-79.7
-24.4
-14.5
-56.6
-150.5
57.8
51.3
57.6
57.3
79.0
70.1
47.9
44.9
43.9
58.2
80.0
87.3
89.8
67.4
78.9
107.7
37.1
40.7
39.5
40.1
3.5
4.5
-17.5
-.4
U.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-2M.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-22.2
-36.0
-32.2
-10.1
.1
-37.6
10.8
4.1
4.4
18.1
Net purchases
of foreign
securities
4,008.2
220.5
469.6
340.9
355.4
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
151.2
157.6
152.2
136.7
203.9
126.1
112.1
94.9
87.4
309.0
171.0
247.1
234.6
181.8
380.0
243.4
125.7
105.3
139.6
441.3
-19.7
-89.5
-82.4
-45.1
-176.2
-117.3
-13.6
-10.4
-52.1
-132.4
3,152.6
227.9
391.9
247.4
402.1
556.1
676.8
388.2
382.3
908.4
1,U9.7
855.5
-7.4
77.7
93.5
-46.6
265.1
39.0
-94.8
3
Treasury Bulletin
go
CAPITAL MOVmENTS
,
Section II - Summary by Countries
Table I.- Short-Term Banking Liabilities to Foreigners 1/
(Position at end of period in millions of dollars)
Calendar year
Sept. p
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga 1
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
411.2
115.1
331.4
138.1
.6
.7
136.5
168.8
68.8
532.1
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Ijtin America.^
Philippines
Taiwan
Thailand
Other Asia
.9
36.2
303.4
851.9
20.1
2.2
872.9
9.5
676.1
86.1
212.5
969.3
30.7
2.6
989.6
6.2
575.7
226.6
678.2
18.4
12.1
1,667.3
10.0
362.3
153.4
406.4
874.8
25.9
4.8
2,226.3
11.6
328.2
8,472.6
9,045.7
10,317.3
2,019.2
2,198.0
2,433.8
2,757.6
149.8
22.2
138.1
100.0
168.8
286.5
39.7
41.6
418.2
336.8
24.4
150.7
184.5
216.8
163.8
36.9
37.1
442.4
315.0
23.1
194.1
135.1
158.3
77.0
36.9
43.9
397.3
234.7
26.2
228.2
79.4
146.3
77.1
26.2
82.4
494.1
133.0
87.8
129.2
82.2
28.0
61.5
276.9
72.0
123.0
72.2
24.3
51.3
398.2
300.6
84.0
21.9
57.0
418. Or
263. 3r
2,422.4
Total other countries
International 3/
Grand total 2/
1/
2/
105.2
7.2
99.3
1.5
105.3
146.8
42.5
22.8
45.8
494.5
48.8
74.0
1,260.8
2,517.8
103.5
1,134.7
247.2
141.4
7.4
97.7
1.1
160.2
390.5
807.6r
18.5
2.3
2,468.2
11.2
293.3
238.2
293.4
1.0
60.1
69.6
1,444.8
2,508.9
103.4
i,l;6.3
259.0
122.3
9,615.9
9,726.1
10,056.2
2,396.6
3,120.2
3,416.4
3,430.0
208.1
24.6
224.5
131.5
159.1
36.5
48.0
52.0
518.3
231.4
22.7
200.3
113.3
149.1
36.9
43.1
41.7
489.3
209.9
21.0
197.9
106.4
230.4
21.5
212.7
104.3
M2.7
U5.2
36.0
42.0
37.0
483.7
35.6
40.3
34.2
460.8
87.4
87.1
89.8
35.5
73.9
364.2
333. 6r
95.9
87.3
96.0
36.1
73.0
436.2
351. Or
93.4
87.0
103.5
33.1
36.7
393.6
374.3
93.9
84.8
107.2
31.2
91.9
378.9
369.6
2,503.7r
2,448.2
2,442.6
34.8
60.0
39.2
79.1
32.3
76.5
1,902.8
160.5
169.5
86.0
326.8
232.1
34.6
59.7
39.1
33.0
36.8
88.9
1,942.3
154.7
169.2
81.9
327.2
215.7
35.5
56.7
46.2
33.4
27.8
81.3
2,039.7
153.1
153.5
79.4
325.6
243.1
3,199.7
3,233.0
3,280.4
122.2
37.1
36.3
21.3
232.0
125.9
41.4
45.0
13.4
232.5
131.1
35.3
47.4
12.2
236.1
449.3
458.2
221.1
23.9
255. 3r
109. 8r
208.6
24.2
236. 2r
109. 6r
UO.l
U1.9
38.0
42.4
57.3
516.1
37.3
43.2
54.6
490.3
97.0
90.4
92.2
23.9
90.0
90.6
90.0
34.1
71.8
75.3
a7.4r
133.6
46.6
86.5
1,285.1
147.6
171.5
94.1
141.2
458.3
34.6
55.4
77.7
75.6
31.3
63.0
1,590.4
199.5
185.0
92.0
264.4
223.0
35.6
57.8
70.1
87.9
22.6
73.0
1,703. 3r
180.9
173.3
90.3
35.2
61.2
54.0
80.3
18.1
76.2
1,752. Or
173.5
184.4
85.1
322.9
247.6
2,779.6
3,115.3
2,892.0
3, 070. Or
110.5
31.3
97.8
33.9
31.7
16.2
124.9
48.7
20.3
162.1
83.1
31.9
29.3
21.9
181.1
209.2
279.3
372.9
352.2
387.2
3,897.2r
3,690. Or
W5.5
78.9
29.8
29.6
1,544.
3,153.1
16,159.1
19,388.7
U.5
21,271.6r 22,415.3r
Liabilities to countries not regularly reported separately are published annually in Section IV, Table 5.
Reflects reclassification of reported deposits for changes in domicile
over the past few years from Cuba to other countries as follows: Cuba
-<19.9 million, Portugal +$3.9 million, Spain +48.0 million, other
countries +*1.3 million, and Grand Total - $6.8 million (representing
changes in domicile to the United States).
159.8
458.2
832.2
21.6
2.8
1,802.1
12.1
259.7
10,594.7
34.8
57.3
53.9
178.2
22.4
74.7
1,887.5
152.2
202.3
83.7
185.8
181.9
176.3
98.7
133.3
334.6
M4.5
463.1
331.8
16.7
3.4
1,845.8
12.9
253.5
2,513.6
2,502.9
379. 3r
308. 3r
1U.3
101.5
8.1
129.6
1.0
153.6
425.5
324.9
169.9
1.0
46.7
73.9
1,161.7
2,798.6
101.4
1,292.1
276.5
112.1
7.2
141.1
10,364.2r 10,468.5
10.6
2,410. Or
35.8
60.0
71.2
1,393.9
2,622.3
110.0
1,187.2
307.2
315.8
133.3
1.0
51.3
70.2
1,079.7
2,591.6
97.8
1,243.6
258.0
116.8
6.7
136.7
1.1
281.8
2, 543.41
36.0
61.6
77.3
108.4
42.7
55.9
935.1
1.0
52.5
291.2
204.4
1.0
43.7
68.3
1,046.4
2,542.6
100.4
1,095.0
339.4
102.6
951.0
22.8
1.6
2,263.6
12.2
239.0
415.0
329.6
16.0
1.9
2,398.4
2,371.3r
US.
277.2
257.8
7.4
132.4
1.1
175.6
424.9
912.5
17.3
3.5
1,853.2
11.7
241.3
5.2
107.5
1.7
152.6
308. 2r
Total Asia
Other countries:
Austra lia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
90.8
988.7
2,841.4
67.2
1,234.1
216.4
.9
1.1
143.5
229.2
292.8
.9
126.3
1,120.8
338.7
129.6
4.9
163.0
1,75-4.7
Total latin America 2/
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of
255.1
326.0
70.9
655.3
1,987.3
186.3
1,370.3
485.2
95.5
4.0
137.5
Total Europe
Canada.
243.1
L42.0
1.0
54.2
46.0
519.0
3,475.7
63.1
377.1
323.5
81.9
6.1
83.6
3U.0
251.1
95.6
27.1
42.6
17.3
209.6
392.2
4,392.6r
34.6
56.2
49.2
81.8
26.3
76.0
1, 905.
5r^
164.4
179.3
35.3
326.7
226.4
3,090.4r
96.6
40.2
42.1
103.6
37.3
38.9
18.9
222.0
436.5
420.8
4,432. 7r
4,734.9r
23,265.2r 23,401.8r
24,056.3rV23,623.6r
2/
^
p
.6
462.2
4,316.9
24,175.4
24,538.2
Data revised to exclude nonnegotiable noninterest-bearing special U. S.
notes held by the Inter-American Development Bank and by the International Development Association.
Grand total includes $108.9 million reported by banks Initially included
as of June 30, 1%2. Of this total, liabilities to Japan amount to
$105.4 million.
Preliminary.
r
Revised.
December 1962
81
CAPITAL MOVMENTS
,
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners!/
(Position at end of period In millions of dollars)
June 2/
Europe:
Austria
Belgium
Czechoslovakia
7.1
64.6
,
.7
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
14.3
5.9
102.1
76.5
7.2
35.7
55.6
22.2
3.5
2.1
29.7
24.0
42.4
Total Europe
Canada
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
,
Total Latin America.
39.8
3.1
147.5
52.1
50.6
166.1
19.1
11.8
293.0
5.9
23.4
30.7
9.8
51.9
141.7
52.9
,,
Asia:
China Ma inland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
2.5
5.5
4.1
.2
Philippines
Taiwan
Thailand
Other Asia
27.3
23.3
178.6
1.3
66.8
6.1
12.8
106.5
Total Asia
435.1
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
L2.8
3.7
Sept. p
1
.
Treasury Bulletin
S2
.
CAPITAL MOVEMENTS
-
Section II - Sumnary by Countries
Table 3.- Net Transactlona In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
April
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of,
Greece
Italy
Netherlands
4,661
578
10,113
678
-4,476
57,037
200
-34,480
-236
-2,4^7
1,572
5,235
62,303
22,749
276
6,937
38,327
20,039
19,345
-248
28,099
-3,348
20,696
22,300
-754
13,863
18,507
1,156
-2
10,655
-30,974
-15
6,669
-31,946
-23,252
139,149
145
10,428
155,230
223
30,097
17,919
1,337
-5,715
1,871
-7,645
Norway
Poland
Portuga
Rumania
18,303
-26
2,109
Spa in
-2,249
24,196
-9
2,415
-17
-517
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdo
4,339
-32,303
92,384
265,643
36
391
-12,228
41,367
Yugoslavia. ..
Other Europe.
-26
-3,624
23,644
-13
-5,230
8,147
Total Europe.
-40,197
745,282
198,182
234,280
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
168
118
30
-727
-40
4
372
3
80,696
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia .
-23
-3,622
5,897
-1,018
-4,735
281
-333
-623
-2,601
410
3,385
169
2,L47
-497
1,094
-1,484
12
41,110
-98,394
-722
113
2,594
1,762
62
-816
161
5,343
918
683
291
-32
139
150
204
-68,517
232
1,656
2,561
-2,276
-43,437
1,249
941
-990
575
36
379
292
1,321
1,805
420
3,474
-122
85
750
25,546
19,538
22,425
10,393
150
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other I^tin America.
-726
-879
-181
-2,533
-1,210
917
2,912
2,948
1,4-49
533
-265
8,841
-1,227
8,681
467
-957
-1,141
8,756
198,436
-161
290
510
Total Latin America.
-46,000
46,785
237,198
2,693
-256
9,5U
-888
4,071
-506
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic
Philippines....
Taiwan
Thailand
Other Asia
Other coxmtries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
-403
4,231
-1,389
58
174
91
-572
-2
18,454
1,044
1,156
186
1,281
981
22
505
-1,993
-1,091
-1,357
58
3,542
-369
23,832
150
-48
129
105
-786
43
9,791
39,839
-1,032
215
-US
12
37,712
-35,012
131
-79
-9,491
-74
558
575
20
-13
9
34
U
20
-13
-1,347
-1,504
154
4,338
45,733
47,133
18,881
769
-191
-13,331
18,834
-13,339
-8,896
International.
238,440
351,8
Grand total.
378,416
735,673
May
July
August
Septeraberp
Octob'
December 1962
83
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Sept. p
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
-18,018
21,299
-3
3,256
5,102
-137
7,500
U,385
-13,630
5,021
177
3,282
18,912
99,082
-912
7,345
-234,089
-93,465
47,539
-552
-35,375
-32,383
10,325
-41,730
-1,564
26,968
-87,643
-33,391
-31,423
-331
9,073
-74,441
-4,782
-5,475
-16,325
-7
3,513
1,449
-6,819
-1,479
-11
197
691
92,200
-16
Yugoslavia
Other Europe
24
-26,268
Canada . .......................
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
737
-11,994
131
-13
356
34
155
754
-43
-877
-773
683
520
-610
-17,024
,
,
,
,
194
-221
2,323
4,088
-21,880
-640
1,972
9,770
-1,098
-4
3,209
-43,392
3,949
6,291
-9,470
9,439
1,590
-2,768
-2
-45
Panama , Republic of . ,
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
Asia:
China Ua inland
Hong Kong
India
Indonesia
Iran
-10,643
51,384
336
5,271
-5,871
102
17,726
-1,384
500
5,348
500
-35,339
Israel
Japan.
Korea , Republic of
-1,642
-31,745
-126
2,297
-36
1,261
6,839
-74
-2,059
295
-5,049
43
-183
23
-651
2,193
3,807
2,697
346
541
12,766
2,052
-379
-500
4,320
10,034
-29,405
-289
6,592
3,279
-261,696
-23,446
-21,817
-65,953
8,515
-13,571
7,945
3,564
-543,274
-443,009
-195,849
-318,335
1,594
-91,483
-442
69
4,979
3,154
812
-92
24
7,804
2,291
2,421
2,437
-7,555
-184
5,775
1,889
-345
-4
-693
405
187
-327
169
-608
355
123
46
-19,262
45
-16
-152
47
5,864
631
4,168
-5,551
614
17,060
1,547
1,790
3,492
118
-13,669
-443
-703
3,532
253
-10,266
-3,599
-134
2,443
1,913
1,321
-4,905
-34,435
-1,760
-1,080
-3,034
688
-26,634
2,380
326
245
415
-2,590
-2,703
-36,746
-103
265
-216
4,858
11,245
-107,431
-58,373
59
28,318
-50
15,283
151
24
-30
-52
1,513
-15
26
-2,117
-3,169
14
-8
-1,962
42
1,015
-46,677
598
-50,536
-32,736
-48,113
763
464
-49
215
442
-50
100
8
-3
3,235
-20,009
-517
106
222
-736
-356
-1,068
102
-522
-1,080
209
36
-440
1,035
15
1
-62,047
-50,300
-1,108
1,148
24
58
-610
432
-17,629
1,203
-3,432
-130
-4,527
-21,731
-4,031
562
-3,536
1,336
-2,358
-3,279
-1,992
-54,582
-700
-1,020
-5,258
-57,370
184
301
106
-121
4
Philippines
1,782
-370
1,879
-3
Tha Hand
Other Asia
-185
-27,167
-955
-29,326
4,939
-137
-2,586
Total Asia
-44,843
-96,654
-40,627
-120,581
-3,439
-44,434
-16,099
-66,917
-18,166
-28,883
-103
1,035
8,535
-24,381
772
-51
2,429
-1,869
-19,441
-85
-23,851
433
?,855
Ta iwan
446
1,776
-179
,
<
677
539
4U
Total Europe
Cuba
-90
-18,664
-57
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
-8,511
-20,784
-587
-14,519
553
-21
3
-1,465
-26,212
-5,307
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt),
All other,
,
,
Total other countries
International
Grand total
p
Preliminary.
,
-M9,625
,
-1,362,532
-6
9,067
-356
-5,554
621
4
-15,015
-156,583
-147,046
-749,730
-644,717
-830,387
584
-22,867
-21,326
-10,861
-45,144
-176,174
-75
-25,686
425
3,863
-117,319
-13,615
-10,384
8,897
October p
1
Treasury Bulletin
iU.
CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of October 31, 1962
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal
Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
Latin Ajperica:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic...
Guatemala
Mexico
Netherlands Antilles
and Surinam
Panama, Republic of...
Peru
El Salvador
Uruguay
Venezuela
Other Latin America...
Total I^tln America.,,
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.,,,
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Other coxintries:
Australia
Congo, Republic of the
South Africa
United Arab Republic
(Egypt)
All other
Total other countries.
International
Grand total
319,369
189,927
i,oa
5';,605
1,205,365
2,822,671
103,238
1,310,090
259,06^
109,391
9,375
155,536 1/
990
151,085 1/
457,629
885,394
26,027
2,270
1,853,119
11,931
266,733
10,268,338 1/
3,885,640
187,161
23,833
179,768
111,882
151,792
U,665 1/
35,464
32,647
466,740
90,773
84,321
103,229
25,021
89,650
417,020
403,599 2/
2,417,565 2/
35,559
62,926
49,030
38,628
27,377
73,571
2,104,430
U7,343
162,916
76,600
326,042
240,391
3,344,813
154,974
31,369
41,994
To foreign banks and official institutions
U.
Deposits
S.
Treasury
bills and
certificates
To all other foreigners
U.
S.
Treasury
bills and
certificates
December 1962
85
CAPITAL MOVIMENTS.
Section III
Table 2.- Short-Term
-
Preliminary Details by Countries
1
Treasury Bulletin
g6
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 3.- Purchaees and Sales of Long-Term Securities by Foreigners During October 1962
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Foreign securities
Total
purchases Government
bonds and
notes
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Corporate and
other
1,222
6,175
1,649
1,025
39
16,717
16,758
360
596
15,876iV
187 3/
U,328
7,372
3,271
6,452
1,965
306
60,911
1,072
2,633
3
6,954
Stocks
Total
sales
Bonds
1,245
6,390
2,067
1,200
3,426
1,550
1,000
5,170
1,022
22
1,566
1,000
2,494
3,520
458
269
7,109
33
128
25
13,174
20,249
1,036
17,672
10,552
7,353
10,308
40
13,590
1,899
225
3,856
9,399
187
193
4,002
2,552
145
39,261
303
3,266
4,136
26,815
15,735
61,443
500
6,172
513
5,556
500
7,424
Government
bonds and
notes
Corporate and
other
1,195
2,894
6,499
2,890
98
1,689
4,672
297
63,0151/ 2,912 1/
Bonds
Foreign seouritles
Domestic securities
3
639
7,003
13
6,533
3,959
189
2,467
4,184
4,070
14,801
209
1,957
45
35
973
1,565
535
5,107
280
52,017
1,705
1,<330
29,012
17,818
10,437
4
1,219
500
4,061
13
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
89,356
28,165
230,896
43,097
7,522
92,118
70,928
106,093
26,179
28,906
245,213
28,321
18,775
17,778
159,263
12,574
137
1,090
1,115
481
215
32
172
300
311
735
481
2,291
1,657
3,109
94
4,407
834
765
170
59
2,018
8
170
43
4,843
30
2,118
285
1,558
182
2,705
428
10
1,510
1,158
21,287
50
2,U9
316
43
17,503
116
25
329
64
8,640
30,542
18
29
363
1,004
Thailand
Other Asia
2,503
3,926
218
11,976
6,395
73
15
185
40
1,880
4,878
3,736
24
1,500
666
115
2,441
432
337
1,556
1,259
1,214
212
3,411
909
8,456
1,715
3,183
46
10,326
27,511
64
7,202
39
30,500
3,829
5,010
196
302
3
27,500
3
5,664
6,803
5,514
6,500
3
3
1,914
3,256
9,740
2,512
9,413
16,055
64,064
30,618
3,258
247
6,930
661
1,000
2,500
2,000
3
Total Asia
Total other countries
444
127
1,156
3,922
5,226
Israel
Japan
Korea , Republic of
Philippines
Taiwan
Other countries:
Australia
Congo, Republic of the
South Africa
United Ar»b Republic (Egypt)
All other
877
948
2,114
3
53
1,981
1,510
2,938
456
376
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
7,5%
225,4381/15,561 1/
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
525
15,012
1,570
247
2,033
145
3,012
176
22,240
500
462
6,014
107,849
106,773
Grand total
540,4261/76,612 1/
250,772
31,285
573
1,303
58,190
3,250
5,250
25,888
969
International
Excludes nonmarketable U. S. Treasury bonds, foreign currency series,
issued and payable in Italian lire ($24,974 thousand equivalent) and
Swiss francs ((23,142 thousand equivalent).
1,962
708,212
106,524
3,698
30,086
111,022
27,260
Stocks
December 1962
27
CAPITAL MOVMENTS
,
Section IV - Supplementary Data by Countries
Table 2.- Long-Term^/ Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period in thousands of dollars)
Claims on foreigners
Liabilities to foreigners
1961
September
1961
1962
1962
December
Europe:
Austria
8,985
11,229
5,338
3,190
13,439
36,722
38,662
7,379
3,075
12,499
43,664
38,711
7,492
3,870
14,456
54,575
9,189
7,333
3,733
24,229
47,969
23,070
34,883
144,363
69,813
7,408
26,197
46,411
164,652
73,536
6,841
28,007
45,881
172,241
70,168
6,691
30,247
43,194
179,070
1,968
3,420
48,915
8,155
4,018
846
50,082
9,406
3,717
846
47,919
9,737
23,616
7,203
45,722
10,303
62
10,895
1,514
4,645
62
10,692
2,110
2,870
57
3^26
57
12,225
1,774
1,593
Canada .
273,609
273,864
289,899
290,859
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
36
36
73,410
36
242,168
31,325
29,276
262,760
26,712
29,617
272,997
25,
37,823
69,244
36
264,725
20,567
61,787
11,544
171,233
11,826
164,467
8,556
185,588
Belgium
Denmark
Finland
France
Germany, Federal Republic of.,,,
Greece
Italy
Netherlands
,,.,.
Norway
7,005
Poland
Portugal
Spa in
Sweden
Switzerland
,,,,...
108
1,500
Turkey
United Kingdom
Yugoslavia
Other Exirope
Total Europe
656
877
200
200
1,012
12, Ul
2,098
1,813
89,812
Cuba
73,366
2U
893
Dominican Republic
Guatemala
Mexico
Netherlands Antilles
and Surinam
10,965
188,471
5,908
6,3U
17,696r
7,900
19,440
10,112
21,638r
11,304
17,861
13,229
312
355
344
42
819
18,686
12,160
265
410
205,126
71,312
637
231,187
72,879
483
236,602
82,465
951
211,352
83,805
1,319
906,813
917,034
957,20lT
946,830
17,120
43,000
12,762
9,837
39
16,379
50,800
12,088
8,442
2,403
17,600
51,450
12,054
21,740
2,657
19,240
54,900
11,193
26,521
25,084
23,658
30,550
48,810
13,043
973
50,132
848
62,343
730
61,208
Thailand
Other Asia
5,492
1,813
5,496
2,225
3,354
2,383
Total Asia
129,124
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America..,
40
958
Total Latin America
Asia:
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea
Philippines
Taiwan
5
Other countries:
Australia
Congo , Republic of the
ScTuth Africa
United Arab Republic (Egypt)...,
All other
Total other countries
Grand total
1/
p
Having a maturity of more than o
excluding long-term securities,
Revised.
PrelliDlnary.
r
3,439
2,246
1,664
year from date of Issuance
5,423
992
3,544
9,928
238,998
21,001
38,453
69,184
3,945
42,417
21,285
39,253
59,234
3,945
41,892
37,501
38,878
48,059
2,520
45,629
45,691
38,753
28,887
2,370
175,000
165,609
172,587
167,603
1,863,591
2,019,518
2,138,834r
51,902
2,175,212
Treasury Bulletin
gg
.CAPITAL MOVMENTS,
Section IV - Supplementary Data by Countries
Table 3.- Eatlmated Gold ReBervesi/and Dollar Holdings of Foreign Countries
and International Inptl tut Ions
December 19 62
39
•CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
The current financial stateinenta of corporations and
statements of financial condition are published quarterly
certain other business-type activities of the United States
and appear as Section I in the series of tables.
Government which appear In the "Txeasury Bulletin" beginning
cata under the new regulations are for March 31, 195^, and
were presented in the August I956 Bulletin. Statements of
with the August 195^ Issue are coniplled from reports subcltted to the Treasury under Department Circular No. 966,
The first
Income and expense and source and application of funds are
Issued January 30, I956, and Supplement No. 1, Issued June
The regiHatlons so Issued are pursuant to Section
1, 1956.
published semiannually, for June 30 and December 3I reporting dates, and appear as Sections II and III. The first of
of the Budget and Accounting- Procedures Act of I55O
these statements under the new regulations cover the fiscal
and represent another step In the program
year 1956, and was published In the January 1957 Bulletin.
Within the sections, the agencies are grouped in separate
tables by type, as follows: public enterprise revolving
11*+
(31 U.S.C. 66b),
of comprehensive and Integrated (Jovernraent accounting and
financial reporting for which authority was provided In
that act.
They supersede Budget-Treasury Regulation No. 3,
Issued under Executive Order No. S512 of August I3,
1S''*-0|
as Eunended by Executive Order No. 'iOik of March 3, IS'+S,
under which financial statements previously published In
the Bulletin were submitted.
Department Circular No. 966 requires
submission of financial statements by all wholly owned and
mixed-ownership Government corporations specifically included in the Government Corporation Control Act, as amended
(31 U.S.C. SU6, 256); and all other activities of the GovIn coverage,
ernment operating as revolving funds for which business-
funds,
intragovemmental revolving funds, certain other
deposit funds, and trust revolving funds.
activities,
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
These are
of financial condition annually as of June 1Q.
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorized
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the information on prop-
type public enterprise or intragovemmental fund budgets
erties and assets of the United States Government which the
Other activities
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
sre required by the Bureau of the Budget.
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,
in-
continuing study of the assets of the Government.
comprehensive reporting under Supplement No.
30,
1957.
1 is
The first
for June
and the data were published in the December 1957
vestments and other recoverable assets, may be brought
under the regulations as agency accounting systems are
issue of the Bulletin as Part B of Table ^ in Section I.
developed to the point where they are capable of furnlsh-
is included in Section I of the Bulletin presentation be-
Int;
the financial reports required.
ginning with the June 195^ issue.
Four kinds of financial statements are called for by
Department Circular No. 966. They are statements of financial condition,
of funds,
income and expense,
A summary of loans outstanding for a series of dates
source and application
and certain commitments and contingencies.
The
Two classifications of
the loans are shown, one by type and one by agency.
Data
prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of Government
lending agencies.
Treasurii Bulletin
90
.CORPORATIONS AND CERTAIN OTHER BUSHtESS-TYPE ACTIVITIES.
Section
Income and Expense for the Twelve Months Ended June 30, 1962
Table 1.- Summary by Specified Classes of Activities
II -
(In thousands of dollars)
Account
December 1962
91
.CORPOR/l!FIORS AND CERTAIN OflEEB. BOSIKBSS-TTFE
Section
II
ACnVITIES.
Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
92
December 1962
93
.CORPORATIOHS AHD CERTAIN OTHES
BOSUOSS-TUE ACTIVITIIS.
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
3k
.COPPOEATIONS AMD CEREAIH OTHER BDSIHESS-TTPE AJTlViTiES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December 1962
95
.COKPORATIOnS AKD CEBTAIH OIHKR BOSINESS-TTPE ALTIVITIISS.
Section
II - Income and Expense for the Twelve Months Ended June
30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
96
.CORPORiaJIOIIS AHD CERTAIN OTHER BDSIHESS-TIPE
Section
ACTIVmES.
II - Income and Bxpenoe for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
I
s
December 1962
97
.COEPORia?IONS AND CERTAIN OTBER BDSHOSS-TYEE ACTIVITIES.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
General Services Administration
Housing and Home Finance Agency
of the Administrator
i
Abaca
fiber
program
Federal
Facilities
Corporation
12/
Reconstruction
Finance
Corporation
liquidation
fund
Expansion
of defense
production
Defense
production
guaranties
College
housing
loans
INCOME AM) EXPENSE
Idcodb:
Sales of gocxls and services
37,813
Interest
On public debt seciirities
Other interest tnconie
Guaranty and insurance premiums
Other major inccane items
Other income
Total inccane
38,167
,
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied exp>enses
Increase (-) i or decrease} in:
Work- in- process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U, S.
30,975
-16,203
-87
32
3U
Treastiry
Other
Other major expense items
Miscellaneous expense
1,179
1,900
65,870
28,/i07
5,565
209
Total expense
30,361
Other gains, or losses (-):
Charge-off
Galnf or loss (-), on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
Total other gains, or losses (-)
Net income, or loss (-)
valuation allowances
,
-8,687
W
-8,687
before change in
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase {-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
298
354
-80,998
-8,629
CHANGES IN ACCPMJLATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U, S. Treasury (-)
Other
12/
8,629
12/
652
3,629
Balance at end of reporting period
Footnotes at end of Section III.
(Continued on following page)
6,203
-2,546
338
6,265
-2,187
5,006
Treasurij Bulletin
98
.CQRPQRATIOHS AND CERSAJS CflBER BOSIKESS-TIFE AL'i'IViTiES.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
I
December 1962
99
.COBPORATIOHS AMD CEKTAIH CflEER BDSIKESS-TYPE ACTIVITIES.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
100
.CORPORAnOHS AHD CKRPAIH OTHER BDSIHESS-TIEE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
i
December 1962
101
.CORPORATIONS AMD CERTAIN OTHEa^ BUSINESS-TYPE ACTIVITrES.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued}
(In thousands of dollars)
Treasury Bulletin
102
.CORPORiCTIOHS AHD CBRTAIH OTHER roSUffiSS-TIEE ACTIVITIES.
Section II
Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.- IntraRovernmental Revolving Funds
(Id thousands of dollars)
December 1962
103
.CORPQRATIOirS AHD CEBTAUJ OTHER BOSIKESS-TYra; ACnVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousanda of dollars)
Treasury Bulletin
IQl^
.CORFQRiKFIQBS AHD CERTAIH OTHER BOSIHESS-TTFE ATi'lVlTiBS.
Section II - Income and Expense for the Twelve Months Ended June 30, 1062
Table 3.- IntraKovernmental Revolving Funds - (Continued)
(In tbcusaods of dollars)
December 1962
105
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
io6
.COKPORATIOHS AHD CERTAHf OTHER BDSIHESS-TYPE ACTIVITIES.
Section II
Income and Expense for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities
(In thousands of dollars)
December 1962
107
.CORPORATIONS AMD CERTAIN OTHER BUSIKESS-TYTE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1062
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
Treasury Bulletin
log
.CORPOIUCTIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section
II -
Income and Expense for the Twelve Months Ended June 30, 1962
Table 5.- Certain Deposit Funds
(In thousands of dollars)
December 1962
109
.COKPORAa?IONS
Section
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
II - Income and
Expense for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Treasury Bulletin
110
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds - (Continued)
(In thousands of dollars)
December 1962
111
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
112
Treasury Bulletin
.CORPORATIONS AHD CERTAIH OTHER BUSINESS-TYPE ACTIVITIES.
Section 111
-
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
December 1962
113
.CORPORATIONS AKD CEHTATN OTHER BOSHJESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Footnotes at end of Section,
(Continued on following page)
Treasury Bulletin
lll^
.CORPORATIONS AHD CKOTAIN OTHER BOSINESS-TYPE ALTiViTUbS.
Section III
Source and Application of Funds for the l\velve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December 1962
115
.
Section III
-
COKPORATIONS AND CKRTAHl OTHER BOSHJESS-TTPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thouaands of dollars)
Treasury Bulletin
116
.
Section III
-
COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
)
December 1962
117
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Department
Post Office
Department
Office of the Secretary
RFC
Postal
fund
FUNDS APPLIED TO OPEHATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
liquidation
fund
Federal Farm
Mortgage
Corporation
liquidation
fund
111,871
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
116,4^9
^,286,408
Total funds applied to operations
4,402,856
FUMDS PROVIDED BY QPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
3,U0
934
3,618,793
46,748
34
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
TONDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Goremment:
Appropriations enacted
Borrowings frcan the D. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
,
811,459
,
,
Total increase In investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances,
,
811,459
,
,
Total funds provided by financing
,
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S,
Government:
Appropriations lapsed , rescinded , or
transferred
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U S Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
.
811,459
37,720
.
1,075
2,500
Total decrease in investment of the U, S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances.
39,563
Total funds applied to financing
77,283
Net effect of financing (excess of funds
applied (- ) , or provided
Footnotes at end of Section
•
37,720
2,500
1,160
4
734,176
-1,380
(Continued on following page)
Bureau of
Accounts
Civil
defense
loans
Fund for payment of Government losses
in shipment
Office of the
Trea surer
Treasurer of
the U.S., check
forgery insurance fund
lis
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSHCESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December 1962
119
.
Section III
-
COKPORATIONS AND CEETADl OTHEE BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
120
Treasury Bulletin
.COKPORATIOHS AHD CKRTAIN OTHER BOSmESS-TYPE A3TIVITIES.
Section III
-
Source and Application of Funds for the IVelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
?
December 1962
121
.
Section III
-
COBPOEATIONS AHD CEETAIN OTHER BUSINESS-TYPE ACnYITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
122
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYRE
Section III
-
ACi'iVi'i'iKS.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
::
.
December 1962
123
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Sisall Business
Administration
(Continued)
United States
Information Agency
Tennessee
Valley
Authority
HFC liquidation fund
Informational media
guaranty fund
FtmPS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of secxirity or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
201, U7
5,310
131
201,
U7
5,310
A31
185,099
619
386,546
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acqxilred security or collateral.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
1,010
U7
4,258
4,258
200
U2
280,979
1,142
283,577
Net effect of operations on expendltiires
(excess of funds applied, or provided (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase In investment of the U. S.
Government
Increase In other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease In investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U, S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
281
1,383
38,203
1,500
2,197
38,203
95,000
29,200
3,697
162,403
2,256
36,542
10,000
46,542
2,256
12,892
59,434
102,969
1,383
Treasury Bulletin
121^
.
Section III
-
COKPORATIONS AHD CERTAEN OTHER BUSINESS-TYEE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
December 1962
125
.CORPORATIONS AMD CEBTAIH OTHER BUSDCESS-TYPE ACi'iViTlES-
Sectlon III
Source and Application of Funds for ihe Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
126
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BOSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
;:
)
)
December 1962
127
.
Section III
-
COKPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Treasury
Department
General Services Administration
-
Veterans*
Administration
(Continued)
United States
Coast Guard (Cent inued
Administrative expenses,
foreign aid
procurements
Buildings
management
fund
General
supply
fund
Construction
services,
public
buildings
Working
capital
fund
Supply
fund
Civil
Service
Commission
Investigations
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and Issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital....
703
,776
146
285,515
458,268
5,807
9,643
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
100
141
170,312
10,958
2,1U
170,412
167,466
1,570
1,570
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
287,075
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
153
1,961
440,008
9,642
640
2,043
301,814
441,578
10,282
2,067
-15,595
32,567
U,242
13,533
10,373
727
FUNDS PROVIDED BY FINANCING
Increase in Investment of the U. S,
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
13,500
22,751
36,251
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
3,685
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (- ) , or provided
Footnotes at end of Section.
3,685
15,595
3,685
32,567
10,267
105
-1,932
Treasury Bulletin
12g
.
Section III
-
COBPORATIONS AHD CERTAIN OTHER BOSINESS-TTEE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities
(In thousands of dollars)
:
December 1962
129
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section III
-
Source and Application of FundB for the Twelve Months Ended June 30, 1962
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
Interior Department
Bonneville
Power
Administration
Southeastern
Power
Administration
Treasury
Department
Southwestern
Power
Administration
Miscellaneou
loans and
certain
other assets
General
Services
Administration
Export- Import
Bank of
Washington
Public Works
Administration {in
liquidation)
Agent for
certain Mutual
Security Act
loans
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or Improvement
of fixed assets
Purchase of securities other than public
debt and Issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
17,385
8,293
55,543
23,805
1,754
Total funds applied to operations
2,496
1,945
11,307
154
102,989
4,447
12,382
158,532
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
62,525
12,078
142
159,321
12,078
74,804
23,208
16,093
912,490
1,733
110
74,8
23,208
16,235
1,071,811
13,921
-3,853
-913,280
6,022
392,293
-31,861
-18,761
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S,
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total Increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease In investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S,
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease In investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (- ) , or provided )
Footnotes at end of Section.
33,062
10,647
43,709
2,892
6,022
392,293
43,709
2,892
6,022
392,293
19,123
2,092
5,499
72,280
21,650
9,499
921,572
3
376
384,000
75,570
21,653
9,875
-31,661
-18,761
-3,853
809,501
49,373
22,831
1,843
12,078
112,071
-913,280
Treasury Bulletin
130
.CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 5.- Certain Deposit Funds
(In thousands of dollars)
December 1962
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Treasury Bulletin
132
.
Section III
-
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1962
Table 6.- Certain Trust Revolving Funds - (Continued)
fin thousands of dollars)
.
December 1962
133
-CORPORATIONS AND CERTAIH CfTSER BDSIBESS-TYPE ACTIVITIES.
Footnotes to Sections
1/
2/
2/
^/
^
6/
7/
8/
^
10/
11/
12/
13/
14./
statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in
the November 1962 Bulletin.
Includes operating and administrative expenses funds.
Includes interest expense of $3,125 thousand on capital stock.
Accumulated deficit for fiscal years 1938 through 19^8 from nonrevenueproducing operations amounting to $50,099 thousand has been transferred
to the expended appropriations account. This transfer was made in
order to report operating and administrative expenses on a basis
comparable with operations of the fond.
Included beginning June 30, 1962.
Office of Civil Defense, civil defense procurement fund, shown under
this heading on page 98 of the November 1962 Bulletin, did not have
any net income or expense during the fiscal year 1962.
Represents the fund known as "Advances to en^loyment security administration account, unemployment trust fund."
Includes interest expense on advances from appropriations and on
paid-in capital.
Includes unreirab\irsed costs of $26,909 thousand performed by other
agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for workmen's compensation and unemployment
condensation for postal employees, and certain custodial and maintenance costs of public buildings. Expenses include certain non-postal
services rendered to other agencies without reimbursement,
The operating deficit as of June 30, 1961, has been combined with
other items representing equity of the United States Government, and
is included with the net investment at the beginning of the fiscal
year 1962.
The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
This Corporation was dissolved at the close of September 30, 1961,
pursuant to the act approved August 30, 1961 (75 Stat. ^19). The
liquidation functions are being carried on by the Administrator of
General Services.
Represents transfers of equipment, mortgages, chemicals, and receivables to the Administrator of General Services (see footnote 13).
15/
16/
17/
18/
19/
20/
21/
22/
II and
III
Represents transfers to the loan guaranty fund made pursuant to acts
approved August 17, 1961 (75 Stat. 358) and February 13, 1962 (76
Stat. 8).
The short-term credit investment fund, shown under this heading on
page 105 of the November 1962 Bulletin, did not have any income or
expense during the fiscal year 1962.
Represents adjustment made in accordance with an act approved June
25, 1962 (76 Stat. 109).
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 105 of the November 1962 Bulletin, did not have any income
or expense during the fiscal year 1962,
Represents interest on the net direct investment of the United States
Government in this Corporation.
Represents interest on funds advanced to the Administration by appropriations.
Represents net income of $56,160 thousand from power operations, and
net loss of $17,865 thousand frcm nonincome-producing programs during
the fiscal year 1962,
Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows: Air Force,
$233,511 thousand; Army, $108,879 thousand; and Navy, $115,696 thousand.
23/
24/
25/
26/
27/
28/
*
r
Represents contractual services and other costs.
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (c)).
Represents rural housing and other loans, and salaries and expenses.
Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition were published in Section I, in the
November 1962 Bulletin. Certain other activities are included in
this Section only on a fiscal year basis at the present time.
Excludes noncash transactions amounting to $1,031,167 thousand representing loans exchanged for commodities and other adjustments.
Includes increase in interest accrued during operations of $2,267
thousand on which payment has been deferred.
Less than $500.
Revised
13^
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS,
January through December 1962
Issue and page number
Sept.
Reporting bases
Articles:
Treasury financing operations.
Summary of Federal fiscal operations
Budget receipts and expenditures:
Rejeipts by principal sources
,
Detail of miscellaneous receipts by major categories
Chart - Ir.temal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
a nd budget expend itures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
,
Detail of excise tax receipts
Trust account and other transactions:
Sunanary 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 Insxirance Trust Fund
Railroad Retirement Accoxint
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date September 30, 1962)
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
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
Intragovernmental 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,.,.
Summary of cash 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
Statutory debt limitation
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 Treasury bills
Allotments by investor clasees on subscriptions for public
marketable securities other than regular weekly Treasury bills,,,.
Disposition of matured public marketable securities other than
regular weekly Treasury bills
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all aeries combined
Sales and redemptions by periods, Serlea E through K
Redemptions of matured and unmatured bonds
Sales and rederaptlona ty danoiainatlons, Series E and H combined.
Sales by States, Series I and H combined
35
December 1962
135
.CIMULATWE TABLE OF CONTENTS.
January through December 1962
-
(Continued)
TREASURY DEPARTMENT
POSTAOE AND FEES PAID
U.S. TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25
.
O.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
TAT E S
S
SAVINGS
BONDS
@FedFRASER