Full text of Treasury Bulletin : December 1963
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LIBRARY
RflOM 50Sn
JUN ?,31972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
POSTAGE AND FEES PAID]
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DECEMBER
- 1963
UNITED STRTES TREflSURV DEPRRTMENT
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 $8.50 domestic, #11.00 foreign
Single copy price varies
December 196 J
Table of Content*
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust and other transactions
11
Cash income and outgo
16
Account of the Treasurer of the United States....
24.
Debt outstanding
26
Statutory debt limitation
31
Public debt operations
32
United States savings bonds
6l
Ownership of Federal securities
65
Treasury survey of ownership of Federal
securities
67
Market quotations on Treasury securities
71
Average yields of long-term bonds
74-
Monetary statistics
76
International financial statistics
80
Capital movements
81
Corporations and certain other business-type
activities - income and expense, and source
and application of funds
98
Cumulative table of contents
14-2
Treasury Bulletin
II
Reporting Bases
In the "Treasury Bulletin" are based largely on two Treasury
itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
financial reports, the "Dally Statement of the United States
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
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^
Data on receipts, expenditures, and debt which appear
tary statistics are based at least In part on the "Circulation Statement of United States Money."
Where these state-
ments are given as sources for Individual tables, they are
cited by name only.
Their respective reporting bases are
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
195'*'. arid replaced the
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of interest payments and
minor amounts of certain other payments made by Government;
This reporting change was made In
stated
in the President's Budget
with
the
plan
accordance
does
not affect the surplus
Message of January IS, 1960. It
agencies to the Treasury.
was first published for February
or deficit.
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
ury Bulletin were revised to the new reporting basis In 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 compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953.
The announcement of February I7,
with respect to these reporting changes may be found
In the April 1954- issue of the Bulletin.
1954^,
The monthly statement shows all receipts and expendi-
tures 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
checlcing accounts in oomrnerclal 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.
Receipt!, of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
Figvires for earlier periods shown In the Treaa-i
September i960 issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treae-y
ury 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 Jvily 1,
19^^, and figures for prior fiscal years back through I932
were revised accordingly at that time.
The-daily statement on the new basis was first Issued
In the deposits and withdrawals as
for February 17, 195U-.
shown,
no distinction is made as to the type of accounts
The deposits are on the basis of
trust, etc. ).
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
(budget,
the basis of checks paid or cash disbursements made out of
Some of the withdrawal classithe Treasurer's account.
fications shown are reported on the basis of mailed reports
of checks Issued and are adjusted by means of clearing ac-
counts to the total of checks paid.
Except for relatively
minor amounts, noncash interfund and other intragovernmenta]
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.
on a collections basis and partially on a deposits basis.
Banks.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
The dally statement before February 17, 1$^^, covered
not only transactions cleared through the Treasurer's ac-
by disbursing officers.
count but also certain Government agency transactions which
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 1955 sJ^d
the fiscal year 1955» Prior to that. It was Included on
a due and payable basis.
The same reporting basis as that
were handled through commercial bank accounts,
and Included
noncash Interfund and other intragovernmental transactions.
It provided information similar to that in the present dallj
statement with respect to the status of the Treasurer's account, and similar to that In the present end-of -month dallj
statement with respect to debt issuance, retirement,
and
Receipts and expenditures, however, were
In the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown)
December 19 6 J
III
Reporting Bases
In the dally statement were used ai the basis for reflecting
the results under the President's budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
-
(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 19^+9 snd 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 XS^6 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
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizations, were on the basis of checks paid.
Transactions han-
statement, however, and the figures are based on transac-
bases.
Note:
and silver and the amounts of coin and currency In the money
supply of the country.
It Is Issued later than the dally
tions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
Where calculations have been made from unrounded figures, the details may not check to the totals shown.
.
December 196J
A-l
Treasury Financing Operations
One-Year Bills
I
Tenders totaling 12,794 million were received for the
November 27 cash offering of $1.0 billion, or thereabouts, of
363-day Treasury bills.
Acceptances of tenders at the average
totaled $8.2 billion and weekly maturities totaled $8.4 billion.
Of the 91-day bills, those issued November 7 and 14, for
$1.3 billion each, refunded equivalent maturities; the 91-day
bank disco-unt rate of 3.590 percent totaled $1,005 million.
bill issued November 21 refunded all but
They included |160 million of noncompetitive tenders for
as did the 90-day bill of Novanber 29.
$200,000 or less (without stated price) from any one bidder
of $0,8 billion each refunded equivalent amounts maturing, and
at the average price of accepted competitive bids.
all except that dated November 29 (l8l-day) carried 182-day
The of-
fering had been announced on November 21.
The bills are dated December 3, 1963, and will mature
terms.
Issued in bearer form only, the bills are in denom-
inations of $1,000, $5,000, $10,000, $50,000, $100,000,
$500,000, and $1,000,000 (maturity value)
Tenders were received withoat deposit from incorporated
banks and trust companies, and from responsible and recognized
dealers in investment securities; and from others, with payment
of 2 percent of the face amount of the bills applied for, or an
express guaranty of pajnnent by an incorporated bank or trust
company.
Payment of accepted tenders at the prices offered was
required to be completed in cash or other immediately available
funds on December 3, 1963.
Any qualified depositary, however,
was permittei to make payment by credit in its Treasury tax and
loan account for 50 percent of the amount of bills allotted to
it for itself and its customers up to the amount for which it
was qualified in excess of existing deposits.
I
All bidders were required to agree not to purchase or to
sell, or to make any agreements with respect to the purchase,
sale, or other disposition of any of the bills of this issue
at a specific rate or price, until after one-thirty p.m.,
eastern standard time, November 27, 1%3.
i,
i
13-Week and 26-Week Bills
New issues of regular weekly Treasury bills in November
billion maturing,
The four 26-week issues
Average rates of discount on the new issues are shown
in the table following.
November 30, 1964, when the face amount will be payable without
interest.
.$0.1
13-week
(Additional amount of bills of
original maturity of 26 weeks)
s
:
December 1961
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Period
Net
receipts
1/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1953
1959
1960
1961
1962
1963
,
,
1964 (Est.)
Calendar years
1950
1951
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
86,376
Expenditures
1/
Surplus,
or
deficit
(-)
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
92,642
86,900
Net
increase
Clearing
account,
public
etc. 1/
debt, or
in
decease
99
679
147
435
328
231
-194
196
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
7,659
-11,9' 3
-107
-100
12,110
311
815
87
-106
-319
-209
-34
376
-21
224
109
-237
-423
2,711
7,973
7,777
3,582
2,019
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
5,357
6,729
9,104
7,395
6,858
7,749
-2 038
-129
1,356
June
5,754
7,024
11,615
7,289
7,229
8,102
-1,535
-205
3,513
July
Aug
Sept
3,566
7,089
10,053
7,252
8,541
7,327
Oct
Nov
Dec
3,030
7,027
8,360
1963-Jan
Feb
195
633
-329
-50
-602
436
97
-41
101
739
-259
267
1,092
-691
23
-698
234
729
Public
debt
483
-2U
-401
-250
-303
284
522
-523
530
-6
-145
507
448
Subject to
limitation
240
444
607
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
306,466
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
306,099
315,604
5U
316,118
315,758
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
24
42
256,731
259,461
267,445
355
622
828
83
1,015
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
127
156
330
518
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
-1,513
644
1,293
4,981
5,626
6,919
296,513
296,983
296,088
347
371
402
296,860
297,354
296,489
296,422
296,917
296,054
-924
296,952
299 174
298,201
,
405
430
444
297,357
299,604
298,645
296,922
299 170
298,212
2,047
1,839
-388
-2 ,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-447
62
1,770
-1,488
603
-635
-117
179
-4,U1
Guaranteed Total
securities Federal
securities
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
12,116
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
305,860
6,200
20
29
46
52
81
44
74
107
101
111
140
54
76
34
53
103
104
109
275 ,244
-152
381
-145
333
-78
978
470
-896
132
258
-317
-384
-130
67
864
2,222
-973
2,290
5,995
8,141
10,430
-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
448
470
487
298,324
302,312
299,986
297,891
301,938
299,612
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
2,569
3,323
-1,920
-2,750
591
400
6,518
7,109
7,509
302,067
305,390
303,470
486
457
189
-1,796
1,075
503
518
302,553
305,893
303,988
302,181
305,521
303,616
5,533
7,305
9,663
8,013
6,763
7,806
-2,480
-126
404
-270
635
-206
864
-53
1,221
-1,645
-2,024
1,961
806
5,485
7,446
8,252
303,417
304,638
302,993
531
541
548
303,948
305,179
303,541
303,577
304,809
303,172
Apr
May
June
5,735
6,953
12,061
7,590
7,470
7,715
-1,854
-516
173
2,038
656
-1,672
978
4,558
6,579
7,558
12,116
303,166
305 ,204
562
577
305,860
607
303,728
305,781
306,466
303,359
305,413
306,099
July
Aug
Sept
3,547
7,290
10,095
7,863
8,305
7,815
-5,118
-152
2,938
6,998
6,846
9,783
304,835
306,535
306,635
647
674
693
305 ,482
-830
402
-1,025
1,700
100
307,209
307,328
305,115
306,842
306,962
3,400
7,131
-193
1,773
-5,273
760
4,510
5,270
306,U2
308,215
705
718
307,147
308,933
306,781
308,567
31 ,463
2,355
-6,846
5,270
308,215
718
308,933
308,567
Mar
Oct
Nov
1964 to date.
,
592
-7,088
-7,040
1,953
-6,306
-7,199
542
1,857
269
-223
-529
-260
-320
-4,316
-1,015
2,279
192
-7
31
8,776
7,784
-5,377
-652
93
135
204
-495
40,544
-9,081
568
-688
4,346
155
345
85
Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
1964 Budget document, released January 17, 1963, including effects
More detail for data on this page will be
of proposed legislation.
2/
Debt outstanding
Treasurer'
account
balance
154
204
183
Apr
May
2/
Levels, end of period
-1,730
8,025
7,875
-581
5,952
7,301
Months
1962-Jan
Feb
Mar
1/
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
(-)
-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
-6,266
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72 738
79,518
78,157
84,709
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Net of
trust
and other
transactions
2/
found in succeeding tables.
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 page II, 2, and 5). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 11-15.
For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
2,W5
,
and the fiscal year 1955 (previously included from November 1949 as
interest checks and coupons outstanding); also deposits in transit and
changes in cash held outside the Treasury and in certain other acNet increase, or decrease
counts beginning with the fiscal year 1954.
(-).
ij
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect dxiring the period covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; $281
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; $300 billion on March 13, 1962; $308 billion on
July 1, 1962; $305 billion on April 1, 1963; and $307 billion on May
Under the acts approved July 1, 1962, May 29, 1963, and
29, 1963.
August 27, 1963, the limitation Is $309 billion from July 1 through
November 30, 1963.
..
.
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
.
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
Corporation
21,299
1956
1957
1958
1959
21,531
20,533
18,092
Not
withheld
1/
Withheld
V
1962
1963
14,269
32,978
36,246
38,719
1964 (Est.)
24,600
14,400
36,700
1963^an...
517
1961
Feb.
Mar.
Apr
.
13,271
13,175
14,403
Oct...
Nov. .
1964 to date
574
386
3,603
Total
budget
receipts
2
1,045 b/
51
1
1,098
2
117
108
567
250
104
254
1,156
1,065
3,990
8,581
123
106
257
224
5,772
37,740
558
1,552
2,207
5,937
455
12
1
468
1,361
78
1
1,U0
9U
25,519
5,364
235
5,607
842
16,
Federal Oldage and SurTotal
refunds vivors Insurance Trust
8/
Fund 8/ 2/
Trust 8/
accounts
Federal
Disability
Insurance
Trust Fund
10/
96,962
99,491
103,818
111,602
5,024
5,725
5,957
6,267
193
224
278
269
18
25
35
5,238
5,976
6,266
6,571
9,192
10,537
10,600
12,351
929 8/
953
945
994
1964 (Est.)..
114,047
6,214
287
29
6,532
13,884
6,285
10,997
13,093
-34
797
1,717
140
39
8,5U
29
1,028
838
1,720
160 6/
1,635
1,225 6/
18 6/
126
84 6/
1,599
1,197
288
1,603
1,204
292
845
2,401
1,199 6/
75
178
89 6/
242
220
198
245
229
202
109
207
59
5
15
7
5
Treinsfers of tax receipts to -
Less:
Refunds of receipts 7/
Internal revenue
applicable to
204
-34
4,186
9,619
11,364
1,404
5,429
I960.
1961.
1962.
1963.
4,371
8,911
1,179
1,207
1,165
145
158
139
7,084
Oct..
Nov.
175
148
221
2
333
863
837 8/
9,977
11,722
273
205
386
1,022
1,192
6,271
6,243
6,795
Aug..
Sept.
110
106
95
303
229
189
71
3,750
3,976
4,598
5,114
4,871
1,171
8,161
10,821
13,515
216
940
2,664
1,340
1,308 6/
23
20
18
23
July.
334
488
253
429
2,596
1,428
66
58
165
180
11,132
13,996
80
103
107
100
756
78
48
3,653
3,894
4,413
4,907
Apr..
May..
June,
5,871
10,407
12,734
12
317 6/
78,820
83,675
83,974
83,904
Feb..
Mar.
1,099
1,038
1,081
16,784
1956.
1957.
1958.
1959.
1963^an..
191
1,106
1,295
5,607
3,210 6/
Budget
accounts
4,036
620
537
2,064
Less:
Fiscal year
or month
1,419
15,058
13
82
3,059
108,592
75,700
522
1,981
5,516
13,964
564
572
2,250
6,172
8,953
247
113
2,144
75,324
345
458
948
5
557
396
4,064
4,082
3,206
4,436
571
80
49
2,140 b/
1,123
1,008
1,171
1,241
11,586
11,686
13,484
7
381
179
91,775
94,401
99,441
105,925
10,211
13
2,033 6/
11,865
12,064
12,752
13,410
11,159
12,502
12,708
15,004
920
2,579
1,288 6/
651
3,006
2,749
3,196
3,158
341
5,895
6,735
10,816
443
MiscelCustoms laneous
receipts
705
754
800
948
607
973
5,642
3,272 6/
4,371
July..
Aug...
Sept.
1,626
1,916
2,035
2,187
Total
internal
revenue
75,109
80,172
79,978
79,798
525
1,761
551
5,511
10,004
10,638 i/
10,814
10,760
7,581
4,153
6,628
10,009
.
.
8,644
8,854
1,171
1,378
1,411
1,353
325
330
336
324
1,269 6/
5,422
3,182 6/
.
May.
June.,
7,296
Excise
taxes
1/
V
2,367 6/
783
745 6/
422
6,081
.
Estate
and
gift
taxes
634
616
575
71 ,945
Taxes not
otherwise
classified
For
Total
For railemployemployroad rement
ment
tirement
insurance taxes
1/
6,337
6,634
7,733
8,004
67,125
67,918
31 ,675
22,179
21,765
21,296
22,336
1960
disability
insurance
1/2/
56,633
60,560
59,102
58,826
24,012
26,728
27,041
29,001
11,322
12,302
11,528
11,733
Total
income
taxes
For old-age
and
Railroad
Retirement
Account
11/
Unemployment
Trust
Fund
12/
Highway
Trust
Fund
S/ 12/
67,850
70,562
68,550
67,915
572
343
453
945
2,539
2,798
2,949
3,279
78,457
78,313
82,042
86,890
694
654
633
513
77,763
77,659
81,409
86,376
620
1,098
3.306
87,579
679
86,900
12
99
756
261
5,626
7,330
9,666
93
234
279
5,533
7,305
9,663
258
308
267
5,7U
8
6,956
12,099
3
38
5,735
6,953
12,061
297
342
300
3,792
7,342
10,123
245
52
28
3,547
7,290
10,095
3,411
7,132
11
3,400
575
525
607
571
564
78
48
71
13
7
30
49
5
2
1,845
136
82
2
2
77 6/
51
1
32
12
78
1
285
1
281
941
4,990
831
94
15
39,851
1964 to date
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 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
The distribution of receipts between individual income taxes and old1/
age and disability insurance taxes is made in accordance with provisions of Sec. 201 of the Social Security Act, as amended (42 U.S.C.
Insurance Trust
401 ) , for transfer to the Federal Old-Age and Survivors
Fund (see footnote 9), and also for transfer to the Federal Disability
Insurance Trust Fund (see footnote 10).
Taxes on employers and employees under the Federal Insurance Contri2/
butions Act, as amended (26 U.S.C. 3101-3125), and tax on selfemployed individuals under the Self -Employment Contributions Act, as
IV
315
467
567
355
13
93
Inter- Net
budget
fund
trans- receipts
actions IV
68,165
71,029
69,117
68,270
36
423
1,268
Less:
1,479
2,026
2,074
634
616
486
968 6/
Budget
receipts
net of refunds and
transfers
to trust
accounts
25
3
1
7,131
31 ,463
336
31 ,799
1,505
235
374
of
amended (26 U.S.C. 1401-1403). The Social Security Act Amendments
applicable
1956, approved August 1, 1956, Increased the rates of tax
to wages paid and taxable years beginning after December 31, 1956,
to provide for disability insurance.
Taxes on carriers and their employees under the Railroad Retirement
3/
Tax Act, as amended (26 U.S.C. 3201-3233).
Tax on employers of 4 or more under the Federal Unemployment Tax Act,
4/
performed
as amended (26 U.S.C. 3301-3308); with respect to services
before January 1, 1956, the tax was Imposed on employers of 8 or more.
Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote 13).
Remaining footnotes on following page.
^
!
..
.
.
.
-
.
December 196J
.BUDGET BECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(in millions of dollars)
Fiscal year
or month
Interest
1956
1957
1958
1959
3,006
2,749
3,196
3,158
554
628
745
I960
1962
1963
4,064
4,082
3,206
967
942
877
4,«6
1964 (Est.)
RealizaDividends tion upon
and other loans and
earnings investments
Recoveries and
refunds
471
436
1,012
114
765
1,111
805
743
860
4,036
918
873
1963-Jan...
Feb...
Mar,,
334
488
253
103
27
71
11
61
Apr , ,
May.
June.,
273
205
386
10
77
50
30
-7
July..
Aug...
Sept.
Got...
Nov. .
1961
.
1964 to date
..
601
438
674
506
59
11
71
101
74
567
250
254
266
79
75
257
224
13
1,552
54
38
Sale of
products
69
79
90
93
480
387
345
325
313
312
304
350
96
114
374
330
342
370
53
55
62
Royalties
266
322
343
7/
2/
10,/
11/
66
20
23
23
325
94
101
89
11
16
14
13
12
100
45
101
110
437
79
6
49
75
117
435
40
14
9
49
59
44
49
49
194
160
53
54
161
57
111
81
133
124
539
128
133
316
407
41
31
12
-14
18
8
20
12
20
29
55
24
4
4
5
8
1
12
8
11
27
30
39
1
5
13
7
12
1
62
63
23
11
12
13
27
2
312 2/
78
27
26
Other
1/
194
28
86
93
23
1,076
371
121
13
7
10
56
26
6
9
6
-19
58
6
7
5
30
4
33
28
4
9
10
28
16
11
51
4
61
3
10
18
375
409
228
55
156
2/
•
1
Income taxes not withheld,
Includes adjustments as follows for:
January -$A million, March -$2 million, June +$58 million, and September
-$3 million; income taxes withheld, January -$67 million, March
-$1A. million, June -$8 million, and September +$S million; transfers
to Federal Old-Age and Survivors Insurance Trust Fund, January +$62
million, March +|l9 million, June -$^7 million, and September -$10 million; and transfers to Federal Disability Insurance Trust Fund, January
+$9 million, March -$2 million, J'^e -$3 million, and September +$5
million. See also footnote 9.
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) art excluded from the transfers of tax receipts
shown herein, and are included with refimds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
Amounts transferred currently for
deposited for old-age instirance.
appropriation to the trust fund are based on estimates of old-age
insurancfc tax receipts made by the Secretary of the Treasury (4-2
U.S.C. 4£)1 (a)), and are adjusted in later transfers on the basis of
wage and self-employment income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (4.2
U.S.C. 4.01 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self-enrployment
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
Rates of tax were inOld-Age and Survivors Insurance Trust Fund.
creased by the percentages appropriated to the Federal Disability
Insurance Trust Fund, the increase being applicable to wages paid and
taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
175
22
5
8
11
13
1
6
74
78
5
6
11
21
Footnotes to Table
3/
Fines,
penalties
and forfeitures
392
343
263
263
Source: Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on
the monthly statement reporting basis (see page II); and from the
monthly statement of receipts and expenditures thereafter. Estimates
are from the 1964 Budget document, released January 17, 1963,
including effect of proposed legislation.
X/ Consists of miscellaneous taxes (principally the tonnage tax on
6/
Fees and
other
charges
for
services,
182
154
200
15
16
104
Seigniorage
Fees for
permits
and
licenses
etc
296
328
328
587
291
Sale of
Government
property
1
12
2
6
5
14
7
26
44
23
5
15
foreign vessels entering U. S. ports), bullion charges, and gifts
and contributions.
Includes $375 million for repayment of advances from Federal extended
compensation account (Temporary Extended Unemployment Compensation
Act of 1961, approved March 24, 1961) and a decrease of $93 million
for transfer of receipts to Commodity Credit Corporation fund.
Less than $500,000.
(Continued)
-
12/
13/
1^/
i
15/
*
in the Treasury, less refionds, during each fiscal year (65 Stat. 222
and 6b Stat. 371) and transfers are made currently.
The Employment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund an admin
istration account, and appropriated for credit to that account,
beginning with fiscal 1961, amounts equivalent to taxes collected
and deposited under the Federal Unemployment Tax Act. The tax
receipts are transferred currently on the basis of estimates by the
Secretary of the Treasury, with later adjustments as necessary.
From that account are to be paid the administrative exx>enses 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 U.S.C. 120, note)
established a Highway Trust Fund from which are to be made, as
provided by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that the
amounts appropriated should be transferred currently to the trust
fund on the basis of estimates by the Secretary of the Treasury with
proper adjustments to 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 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 I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 14-).
Less than $500,000.
|
|
!
'
|
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
Billions
I
Total"
'—' Fiscal Year ^
Comparison first
4 months
fiscal
"years 1963 and 1964
1950
UOLL
Billi
67.5
.
..
. ..
December 196J
.
BUDGKT RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Legislative
Branch
Fiscal year
or month
1956
1957
1958
1959
Judiciary
85
37
39
97
99
1960
1961
1962
1963
,
1964 (Est,
1963 -January,
Executive
Office
of the
President
U
Funds
appropriated
to the
President
10
10
4,473
4,115
11
4,081
118
47
56
4,109
126
134
153
49
56
70
29
U7
52
57
62
,764 3/
1,808
2,053
23
155
69
31
Health,
Education, Interior
Departand
Civil
Welfare
ment
functions
Department
Justice
Department
2,071
2,295
2,645
3,092
512
572
666
751
216
214
229
250
412
418
567
1,016
690
549
831
908
1,029
258
284
294
317
Defense 'Department
Agriculture
Department
Commerce
Department
5,177
5,006
4,875
7,091
1,293
562 2/
645
382
Military
35,791
573
38,439
39,062
639
733
807
41 ,233
902
620
257
337
433
554
361
26
68
-229
34
47
137
36
36
3,968
42,824
44,677
48,205
48,252
999
1,128
3,403
3,685
4,215
4,909
4,375
6,565
895
51,000
1,140
5,742
1,165
323
236
346
598
323
524
52
65
4,177
3,803
4,122
86
62
72
469
436
384
93
85
64
25
32
453
467
395
80
109
441
405
367
68
80
79
26
26
26
22
32
51
4,085
4,076
3,993
3,848
4,047
3,916
99
464
441
387
26
34
97
106
111
89
117
117
24
71
9
801
February
March
U
April.
May. ..
June.
9
14
415
11
568
July.
August
September
14
983
13
320
295
264
676
75
67
52
October.
November
13
10
318
342
970
638
76
45
4,316
3,818
122
95
490
389
106
91
24
25
60
1,539
4,137
315
19,946
533
2,170
521
133
9
1964 to date...
391
10
871
55
50
57
91
525
4/
Fiscal year
or month
On
public
debt
y
On
re funds
Other
6/
of taxes
1956.
1957.
1958.
1959.
6,787
7,244
7,607
7,593
74
69
879
748
765
2,178 12/
I960.
1961.
1962.
1963.
9,180
8,957
9,120
9,895
76
83
68
74
1964 (Est.).
1963-January.
February.
March . .
.
54
57
52
24
25
-13
85
79
59
29
67
65
32
22
25
27
322
205
180
Total by
agencies
Less;
interfund
transactions
10/
21
5,470
355
44
233
194
250
485
444
404
33
43
75
271
365
434
384
111
1
280
300
-211
1
-6
11
270
285
287
467
465
437
-154
93
23
98
462
453
72
133
2,284
242
240
214
226
76
32
38
38
-99
142
7
87
20
96
86;-
4
4,316
49
-131
-39
86
241
58
44
26
49
107
254
55
39
84
97
229
215
77
60
53
69
48
-13
242
220
69
45
7
5(.
50
41
342
301
1,160
317
236
187
1,485
479
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 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
Note:
Figures in this table are for agencies as constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
Agency shifts are
by functions on a consistent basis, see Table 6.
reflected in this table as follows: Beginning 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies";
beginning 1959, Federal Civil Defense Administration from "Independent
99,482
4,200
106
87
3
86
695
858
809
825
56
77,233
82,169
88,419
93,155
5,392
5,173
594
61
80,697
28
50
72
66
1,257
2,552
801
227
240
31
5,401
2,850
91
66,540
69,433
7U
1,141
112
22
26
25
224
794
937
293
10,020
52
601
911 12
5,250
466
62
4,731
District
of
Columbia
9/
401
726
86
Adm. 8/
Other
independent
agencies
145
309
502
739
410
U5
National
Veterans
AeroAdmininautics
and Space stration
4,805
5,098
5,232
408
387
365
1964 to date.
39
-23
199
1,152
508
638
698
11
.
523
570
425
359
2,623
2,713
2,806
2,758
ss:
3fO
S5c
.
2,268
Housing
and
Home
Finance
Agency
875
987
985
1,059
July
October
November.
1,651
1,990
General
Services
Administration
441
823
823
865
August, . .
September.
Federal
Aviation
Agency
2/
2,541
April.
May.
June ..
.
Atomic
Energy
Commission
-14
940
956
41
67
104
46
Treasury Department
Interest
71 ,936
15
41
Total
budget
expenditures
11/
315
467
567
355
66,224
68,966
71,369
80,342
694
654
633
513
76,539
81,515
87,787
92,642
679
98,802
8,106
6,788
7,809
93
25
8,013
6,763
7,806
7,598
7,473
7,752
8
IV
3
3
38
245
3
8,108
8,357
7,843
1
1
8,788
7,784
11
28
40,880
336
1
142
179
206
272
247
258
307
408
539
498
594
676
971
463
518
674
774
914
797
770
5,419
5,929
6,669
7,735
1
Post
State
Office
DepartDepartment
ment 1/
Labor
Department
52
28
1
IV
7,590
7,470
7,715
7,863
8,305
7,815
8,776
7,784
40,544
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to "Independent agencies," Civil
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration"; from fiscal I960 through November 1962, military assistance
from "Funds appropriated to the President" to "Defense Department,
military," and thereafter under "Funds appropriated to the President";
and beginning 1962, subscriptions to international institutions from
"Treasury Department" to "Firnds appropriated to the President."
1/ Consists of net expenditures of the Postal Fund, reflecting the
change in classification of Post Office transactions to a public
enterprise revolving fund basis, and beginning fiscal I960 payment
for public services.
Remaining footnotes on following page.
..
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury 1/
year or
month
Total
Total
interest
Commodity
Credit
Corp.
1956.
1957.
1958.
1959.
315
467
567
355
297
456
557
342
I960.
1961.
1962.
1963.
694
654
633
513
1964 (Est.).
1963-iJanuary
February.
March. .
.
April.
May...
June ..
July
August.
September.
.
October.
November.
1964 to date.
.
ExportImport
Bank of
Washington 2/
175
25
51
90
118
146
160
55
176
31
181
41
682
640
620
499
465
410
330
186
46
43
679
662
316
93
25
90
25
3
3
5
38
3
35
245
245
193
52
52
1
28
1
11
6
336
Admin.
Veterans'
Administration
4/
Under
Defense
Production
Act
Other
Compariy
V
tax
1
10
14
19
3
9
7
9
9
9
15
14
10
20
23
32
40
47
10
27
55
7
Charges
for
audits
of
various
agencies
Z,'
17
10
1
11
Federal
intermediate
credit
banks'
franchise
24
30
42
9
12
11
16
13
12
18
14
20
16
2
2
21
28
1
57
Small
Business
Tennessee
Valley
Authority
17
6
24
3
Panama
Canal
Company
48
47
45
39
340
421
8
Housing
and
Home
Finance
Agency
2/
Reimbursement by
Panama
Canal
2
1
50
25
25
1
331
195
76
Source: See Table 2.
By Government agencies operated as revolving funds; on loans (see "Debt
]/
Outstanding," Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
2/
Consists of payments by: Office of the Administrator for college
3/
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration,
Direct loan program.
4/
By various agencies for programs under the Defense Production Act,
i/
Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
6/
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
27
2/
8/
25
5
Agricultural
Civil Defense Program Fund; Farmers' Home Administration:
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
and the direct loan account, both established pursuant to Title III of
the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning 1960; and St. Lawrency Seaway Development Corporation
beginning I960.
For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Footnotep to Table 3.- (Continued)
i/
3/
4/
5/
6/
2/
1/
W
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1),
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than Budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, I960 (^2 U. S.C. 1101); see
Table 1, footnote 12.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Plan No. 2
195^, certain functions transferred:
of 195^ (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
to the General Services Administration.
The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (^9 U.S.C.
^30 (a)), approved August 23, 1958.
Established pursuant to the P.'ational Aeronautics and Space Act of
1958 (^2 U.S.C. 2a72 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table 4. These transactions are included in the
11/
12/
IJ/
Vj
«
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 I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 10),
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds (see "Trust Account and Other
Transactions," Table 3); previously the operations of the banks and the
corporations, respectively, were classified as public enterprise funds
and were included net in budget expenditures.
Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of $3LA million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonnegotiable and noninterest-bearing and are payable on demand. See
also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1.
Totals include $175 million allowance for contingencies and $200
million for comparability pay adjustment.
Less than $500,000,
!.i
December 196J
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
(Fiscal years; in millions of dollars)
Function
code
number
Functions
National defense:
Department of Defense-military functions
Military assistance
Atomic energy
Defense-related activities
051
057
058
059
Total national defense
International affairs and finance
Conduct of foreign affairs
Economic and financial programs 2/
Foreign information and exchange activities
1964
through
October
1963 1/
1961
1962
1963
41,215
1,609
2,623
244
43,227
1,449
2,713
48,252
104
46,815
1,390
2,806
92
2,758
24
16,206
405
940
20
46,491
45,691
47,494
51,103
52,755
17,572
237
3,403
139
217
1,477
137
216
2,126
158
249
2,372
197
357
2,043
212
435
70
1959
1960
41,223
2,340
2,541
387
1,721
:
151
152
153
3,780
1,832
2,500
2,817
2,612
635
251
145
401
744
1,257
2,552
1,184
351
352
353
354
355
5,297
311
3,602
289
330
368
293
3,801
349
4,591
234
2,758
301
397
324
303
426
341
5,592
305
342
396
313
5,173
5,895
6,948
3,278
1,394
331
61
73
91
1,564
1,700
303
658
168
38
35
55
280
68
81
94
60
Total international affairs and finance
Space research and technology.
Agriculture and agricultural resources
Farm income support and production adjustment j/,..,.
Financing farming and rural housing
Financing rural electrification and rural telephones.
Agricultural land and water resources 2/
Research and other agricultural services
131
:
315
376
291
6,590
Total agriculture and agricultural resources
Natural resources:
Land and water resoxirces
Forest resoxirces
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
401
402
403
404
405
409
Total natural resources
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development :
Aids to private housing
Public housing
Urban renewal and community facilities
National Capital region
551
552
553
555
Total housing and community development
1,184
201
71
68
1,235
85
61
74
51
1,670
1,7U
2,006
2,147
2,351
985
494
436
30
774
226
568
508
38
525
265
716
569
36
914
271
781
654
33
797
288
249
59
67
7
74
813
676
44
770
363
92
2,017
1,963
2,573
2,774
2,843
1,037
732
-172
-149
163
261
33
134
130
30
-44
150
162
51
74
-536
178
222
70
-83
97
108
970
122
320
349
-67
94
700
924
1,969
284
815
510
1,128
591
304
938
809
2,170
326
2,437
363
1,354
219
2,782
4I6
471
250
1,041
128
3,877
3,690
4,244
4,524
4,771
1,890
259
225
106
332
286
143
181
337
350
183
207
343
510
206
185
67
176
115
Wl
327
261
120
156
732
866
943
1,076
1,245
429
2,071
1,153
864
921
280
2,049
1,263
2,017
3,871
1,315
961
266
2,034
1,532
559
1,030
259
1,635
388
1,084
279
-13
1,146
404
183
75
5,287
5,266
5,4U
5,403
5,186
1,835
58_
220
65
68
427
71
94
110
73
8i_
Health, labor, and welfare:
651
652
653
655
Health services and research
Labor and manpower
Public assistance
Other welfare services 2/
Total health, labor, and welfare
Education
10
116
238
156
2,061
58
29
21
183
150
119
29
67
81
28
:
V
Assistance for elementary and secondary education
Assistance for higher education
Assistance to science education and basic research..
Other a id to education
^
V
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation 6/
Veterans nonservioe-connected pension 2/
Veterans' readjustment benefits
Veterans' hospitals and medical care....
Other veterans' benefits and services 2/
Total veterans' benefits and services
'
Footnotes at end of table.
801
802
803
804
805
725
(Continued on following page)
71
41
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Fimctloiu - (Continued)
,
December 196 J
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(
Type of Tax
In thousands of dollars)
.
.
Treasury Bulletin
10
BUDGET RECEIPTS AND EXPENDITURES
i
Table 7.- Detail of Bxclse Tax Receipts
-
(Continued)
(In thousands of dollars)
First quarter
of fiscal year
Fiscal year
Type of tax
1961
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)
Use of safe deposit boxes
Coconut and other vegetable oils processed 6/
Sugar
Diesel and special motor fuels
7/
Narcotics and marihuana, including occupational taxes.
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys, pool tables, etc
Wagering occupational tax
Wagers
.
Use tax on highway motor vehicles weighing over
26,000 pounds 4/
Adulterated and process or renovated butter, filled
cheese, and inserted oleomargine
Firearms transfer and occupational taxes
^
^
^
Total miscellaneous excise taxes
Total received with returns and from sale of stamps
Undistributed depositary receipts S/
Unapplied collections
Total excise taxes
1962
36,679
33,603
64,357
39,169
35,606
69,452
42,789
39,794
71,097
10,971r
9,624r
19,775r
12,241
10,324
21,846
343,894
483,408
387
264,262
1,306
6,581
350,566
492,912
364,618
515,987
92,471r
129,871r
93,038
116,774
49
262,760
568
6,679
89
6
91,818
88,856
1,107
96,636
105,178
1,089
4,794
14,824
4,184
9
233,928
451
6,514
12
99,903
113,012
1,153
5,013
15,240
4,897
3
73,070r
102
l,622r
4r
24,557r
27, 654 r
275
2,866
10,356
2,962
2
26,157
94
1,764
4
580
531
227
5,349
5,167
1,398
25,593
31,121
361
3,013
12,113
3,340
307
1,350
45,575
79,761
99,481
49,763
55,817
2
32
51
66
7
54
5,535
18,375
4,317
641
6,682
526~
1
17
1,570,258
1,619,656
457,597r
415,277
12,145,245
12,650,707
13,343,486
3,381,068r
3,548,943
-81,639
98,351
62,541
696
3,117
3,710
12,064,302
12,752,176
13,409,737
1,497,
Source:
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.
1/ Full detail on a monthly basis is available from the Internal Revenue
Service.
Beginning October 1, 1961, the Bureau of Customs was authorized to
2/
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.
2/ Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.) deeds of conveyance, and
policies issued by foreign insurers.
Beginning with the fiscal year 1957, collections reflect the provisions
V
1963
1964
(July-Sept. 1962) (July-Sept. 1963)
1963
^
^
7/
8/
r
14,377
944r
3,396,385
1,633
670
3,551,246
of the Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
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, 1963, under acts approved August 30, 1957, May 29, 1959, and April 22, I960, is further
suspended until June 30, 1966, under an act approved October 23, 1962
(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.
Less than $500.
..
.
...
.. .
December i96J
11
.TRUST AND OTHER TRANSACTIONS,
Table !•- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
1956
1957
1958
Trust and deposit fund accounts
Excess of
receipts, or
expenditures {-)
Net
Net sale, or investment
( ,
by Government
)
agencies in public debt
securities 2/
Net
expenditures
receipts
1/
1/
Net sale, or redemption
(-), of securities of
Government agencies in
the market
-194
195
633
-329
1,996
1,363
829
-2,751
11,607
14,301
16,153
16,769
9,611
12,938
15,325
19,521
-3,235
-2,339
-597
1,130
1,046
1,171
400
1,293
-50
-602
436
97
-870
790
-851
1,143
20,342
23,583
24,290
27,689
21,212
22,793
25,141
26,545
-925
-855
-493
-2,069
1,746
-537
1,780
1,022
196i (Est.)...
-107
1,158
29,540
28,382
-2,289
1,024
1963-January.
February
March.
-126
404
-270
-805
1,132
154
990
3,361
2,123
1,795
2,230
1,968
998
-517
-121
-319
-211
-304
269
-223
-529
-491
2,354
-29
1,752
4,656
2,969
2,242
2,302
2,999
828
-2,821
-1,306
-69
244
807
July
August.
September
192
-7
155
-1,232
i,a9
1,U9
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
575
171
328
265
October.
November.
93
-1,304
135
795
1,289
2,749
2,592
1,955
1,101
-481
296
-179
1959
'""JO
-
1
-"_2
,
1963
Api"ll.
.
.
.
.
May
June
.
-685
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 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details
see Table 6.
Source:
1/
2/ Includes guaranteed securities (see Table 4).
Figures in this table differ from those published prior to
Note:
August 1963 for shifts in classification including security
transactions of Government-sponsored enterprises from deposit fund
account expenditures to net Investment by Government agencies in
public debt securities, and net redemption of agency securities in the
market; and certain deposit fund account receipts from net receipts
to net expenditures.
Table 2.- Trust Receipts
(In millions of dollars)
Fed. Dis-
Fiscal year
or month
FOASI
Trust
Fund
ability
Ins.
Trust
Fur.d
7,iril
1959
8,109
I960
1961
1962
lo,3on
11,3^4
li.Oll
^°'-3
-
Unemployment
Trust
Fund
339
943
929
739
723
695
758
1,728
1,912
1,855
1,997
1,403
1,051
1,081
1,128
2,703
3,803
3,985
4,261
6,937
195.:
Railroad
Retirement
Account
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
receipts
1
/
Total
trust and
other
receipts
Less: Interfund
transactions
2/
12
10
Net
trust and
other
receipts
2/
11,607
14,301
16,153
16,769
585
11,619
14,311
16,lo4
16,904
2,541
2,800
2,955
3,293
711
778
390
1,546
21,250
24,097
24, 813
28,193
908
515
528
505
20,342
23,583
24,290
27,689
29,540
649
608
640
634
73
69
67
63
1,025
1,397
1,458
1,741
1,432
2 044
2,088
643
668
664
658
61
58
54
52
1,766
2,033
2,086
2,255
,
467
n^l
633
11
135
13, a-:
1,0&2
1,083
1,092
1,145
-4 (Est.)...
15,5c9
1,177
1,219
4,288
680
43
2,339
3,310
1,364
29,994
454
3-January
February.
March. .
18
141
35
13
84
53
2
167
149
161
261
234
279
105
82
146
994
3,374
2,124
4
820
125
52
38
41
990
l._''
13
3,361
2,123
76
213
945
116
41
33
206
2
171
208
1Z3
16
96
562
35
476
258
308
275
109
91
251
1,753
4,659
3,421
3c
160
77
13
88
52
256
743
108
44
2
45
1
34
1
168
161
179
298
344
303
109
148
104
1,420
3,393
1,331
1,419
3,887
1,330
35
112
34
84
]87
460
47
1
1
159
177
287
282
97
72
1,290
2,755
1,289
33
':
.
.
Acril
May
June
1,252
86t
2,771
1,376
July
August.
September
.
493
2,203
974
October.
November.
201
V
Sjurce:
See Table 1.
1/
Includes principally District of Columbia receipts from taxes and from
the
Federal contributions, loans, and grants; funds appropriated to
President - mutual security trust funds; Indian tribal funds; inand
dollar;
gold
the
crement resulting from reduction in the weight of
the Railroad Unemployment Insurance Administration Fund through
November 1953 (for treatment after November 1958, see Table 10,
published quarterly).
j + -i
'-.'
For content see Table
These transactions are iBicluded in the detail
6.
1
1
1
3/
ij
1
1
3
452
1,752
4.656
2,969
.-,749
of both trust receipts and trust expenditures, but are deducted from
the totals.
Excludes certain interfund transactions consisting mainly of
financial interchanges between trust funds resulting in receipts and
expenditures (see footnote 3).
Beginning fiscal 1961, tax receipts under the Federal Unemployment
Tax Act are transferred CTurently to an administration account in the
Unemployment Trust Fund pursuant to the Employment Security Act of
1960, approved September 13, 1960 (42 U.S.C. 1101(b)); see "Budget
Receipts and Expenditures," Table 1, footnote 12.
,.... ,
.
,
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
'
1956
1957
1958
1959
5,485
6,665
8,041
9,380
1960
1961
1962
1963
11,073
11,752
13,270
196i (Est.)...
1963- January.
February.
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
611
682
1
Unemployment
Trust
Fund
1,393
1,644
3,148
3,054
512
515
544
562
582
707
626
747
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
87
86
120
507
591
699
80
792
966
1,512
2,613
83
79
896
955
1,063
1,133
2,945
2,620
2,784
3,017
15,331
1,319
1,099
3,770
488
58
1,354
3,391
18
94
95
98
220
153
196
ICO
100
122
173
216
300
106
109
108
314
357
390
-32
-18
111
414
382
-1
-9
1,209
1,217
l,6i6
100
100
122
91
92
91
359
233
276
38
35
5
31
4
July
August.
September.
1,224
1,221
1,227
100
101
101
91
96
91
282
195
206
39
35
33
5
October. .
November,
1,222
i,217
105
102
92
95
230
256
36
98
Trust and deposit
funds-( Continued)
Other
trust
1956
1957
1958
1959
425
1960
1961
1962
1963
^
Deposit
funds
(net)
Total
trust and
deposit funds
9,299
12,901
15,962
18,363
264
274
116
711
697
835
1,208
-75
205
-544
146
21,636
23,546
24,577
26,365
1964 (Est.)...
1,218
-29
1963-January.
February.
March.
76
68
130
44
April ....
May
June
89
-82
126
274
53
565 S/
915 8/
672 8/
.
53
30
60
^
Federal
home loan
banks
108
^Z
437
396
374
483
182
-487
28,483
2,467
2,507
2,157
66
63
-49
-119
-151
-169
-164
-64
27
Less:
Total
trust
and
other
expenditures
Federal
Deposit
Insurance
Corporation
-1
84
-57
Interfund
transactions 6/
Net trust
and other
expenditures
2/
-627
1,292
484
-239
1,092
685
22,120
23,308
25,669
27,050
908
21,
872
363
-134
-148
-154
-161
515
528
505
22,793
25,141
26, 545
365
150
-162
352
28,835
454
28,382
5
-630
-267
-240
-43
-63
-2
-669
-264
-187
1,799
2,243
1,970
4
13
1,795
2,230
1,968
170
144
482
-5
269
292
551
2,243
2,305
3,451
1
528
332
298
2,652
2,444
2,516
240
-115
2,594
1,960
562
55
2,354
81
30
485
9,611
12,938
15,325
19,521
69
October.
November.
5
5
317
-730
12
10
11
135
2,124
2,112
2,218
46
.
5
3
9,623
12,947
15,335
19,655
96
-85
-104
-16
6
-104
-104
-115
-124
103
165
79
114
5
164
-124
-628
854
1,975
2,014
2,900
July
August.
September
5
6
Government-sponsored enterprises (net)
Farm
Credit
Administration
168
216
-31
-61
.
946
-73
U, 530
94
96
279
41
41
Fiscal year
or month
42
-16
2.736
4,734 2/
3,906
3,815
418
748
422
. .
-42
206
929
102
176
41
1,136
1,124
1,135
1,112
90
101
91
.
Other
operations
561
102
.
Financing
by Treasury
-94
746
1,089
1,259
165
April.
May
June
Federal National
Mortgage Assoc. 1/
730
778
1,1U
. .
Highway
Trust
Fund
181
361
1,182
1,199
March.
67
458
235
290
115
1
Source:
See Table 1.
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719).
Funds provided by the
Treasury (-), or repaid to the Treasury, are shown In a separate
column (and correspondingly are reflected net in budget expenditures).
2/ See Table 2, footnote 4.
2/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against increment on gold; and
trust enterprise funds (net).
The Railroad Unemployment Insurance
Administration Fund is included through November 1958 (see Table 10,
published quarterly), the Employees' Life Insurance Fund (net) and
the Employees' Health Benefits Fund (net) beginning 1961.
Previously shown as deposit funds (see Table 1, Note).
y
National
Service Life
Insurance
Fund
^
6/
7/
3/
-17
3
324
46
1
3
a2
2,242
2,302
452
2,999
1
2,651
2,438
2,515
6
1
1
6
2,592
1,955
Includes banks for cooperatives, Federal intermediate credit banks,
and Federal land banks.
For content see Table 6. These transactions are included in the
detail of both trust receipts and trust expenditures, but are
deducted from the totals.
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959) when these banks were classified as a Governmentsponsored enterprises.
...
,
December 1961
13
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figxires are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total 1/
Total
trust
accounts,
etc. 1/ 2/
195r
1957
195S
1959
-1,130
-1,232
1=160
925
'•'
1
855
760
707
,2
4-92
'
3,235
2,339
506
-i
1,463
220
-499
-1,290
Federal
Disability
Insurance
Trust Fund
325
729
552
Railroad
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
ment
Account
Unemployment
Trust
Fund
121
36
-33
-35
258
274
-1,255
-1,011
135
89
95
76
-16
-16
-56
-17
548
803
671
404
418
958
-393
-41
62
-44
-21
-35
871
1,063
-428
44
-90
-UU
-25
1,034
1,075
233
202
242
-91
Re\.ire-
21
264
-78
-63
?,069
301
1,732
-726
-225
-1,089
-821
-129
1
-952
72
456
2,239
1,915
79
-145
120
519
192
-9
985
-998
517
121
-1,035
-381
337
-226
-2
-15
70
5
55
-47
-32
-20
-296
124
-69
10
-2
-168
-2
-828
2,821
1,306
-833
2,742
1,193
-526
1,703
-134
-15
-78
4
53
3
43
459
-216
760
-106
July
August. . .
September.
-1,253
l,73i
-575
-1,270
-5^4
-726
1,004
-275
-72
46
-4
-71
-7
-53
-125
642
-100
October.
November.
-1,101
-1,072
492
-793
252
-71
-13
-42
-16
2i7
3
.
3,134
2,^02
Federal
Old-Age and
Survivors
Insurance
Trust Fund
(Est.)
19D3-January. .
February.
March
.
April
May
June
.
i81
511
1
,
~rfi
494
285
3
174
6
6
5
-3
-4
-5
-3
31
-4
-3
-4
-3
-4
Highway
Trust
Fund
Federal
intermediate credit
banks
^
Other
trust
accounts,
etc.
1/
,
..
.
Treasury Bulletin
14
.TRUST AND OTHER TRANSACTIONS,
Table 5.- Sales and Redemptions of Government Agency Securities in Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
1956
1957
1958
1959
-1,0^6
-1,171
-iOO
-1,293
-30
-33
6
-10
1960
1961
1962
1963
-l,7i6
-1,780
-1,022
-29
-100
-20A
-162
196i (Est.)...
-1,02A
71
1963- January
February.
March.
319
211
304
537
.
. .
April.
May
June
.
.
July
August .
September
.
October.
November.
.
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association _2/
Home
Owners'
Loan
Corporation
.
.
.
.
,
December 196 J
15
.TRUST AND OTHER TRANSACTIONS,
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old- Age and
Survivors
Insurance
Trust Fund l/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
2/
Unemployment
Trust
Fund 4/
Federal
employees'
retirement
funds ^'
District
Total
of
Columbia 6/
7
3
5
3
12
10
2
9
10
135
1956
1957
1958
1959
12i
1960
1961
1962
1963
600
332
361
423
211
132
101
38
86
32
37
9
10
12
12
13
908
6
13
22
196i (Est.)...
386
13
13
29
12
454
1
1963-January.
February.
March. . .
April.
May
June
.
12
.
423
July
August.
September.
.
.
October.
November.
20
11
515
528
505
.
16
Treasury Bulletin
CASH INCCME AND OUTGO
The cash Income and outgo data appearing In the Treasury Bulletin, beginning with the February 1956 Issue, are
on a basle consletent with receipts from and payments to
actions
the public as derived In the 1957 and subsequent Budgets
of the United States (In the Budget for 1963 In Special
also are eliminated from expenditures but are added later
when actual payments are made. These Items consist of,
certain Interest accrued on the public debt, expenditures
Analysis B).
Reconciliation to cash deposits and with-
irtilch
are reported as bdth expenditures and receipts,
are excluded from both.
Noncash Items representing the
obligation of the Qovernment to make payments In the future
^
drawals In the account of the Treasurer of the United States
Involving the Issuance of a few special public debt securl-l
shown on the same basis as In the Budget documents.
There Is also shown the amount of net cash borrowing from,
ties, and clearing accounts.
or repayment of borrowing to, the public.
received from the public.
Is
ments,
By these arrange-
data In accordance with the Budget classifications
are made available month by month.
Figures for back years
Receipts from the exercla*
of monetary authority are excluded as not representing cash
public Includes net borrowing by the Treasury through public
debt transactions and also net borrowing by Government'
have been revised where necessary In order to make them as
nearly comparable with current Budget classifications as
of their own securities.
available data will permit.
debt which do not represent direct cash borrowing from the
For this reason certain of the
agencies and Government-sponsored enterprises through sales
It excludes changes In the public
figures differ somewhat from those published In earlier
Budget documents as well as In the Bulletin.
public.
The Bureau of the Budget series of cash transactions
Is designed to provide Information on the flow of money
between the public and the Federal Qovernment as a whole,
urer's account and In cash held outside the Treasury.
and therefore Includes transactions not cleared through
the Treasurer's account.
Receipts and payments Include
transactions both In budget accounts and In trust and de-
of the Budget series,
posit fund accour-'is.
Operations of Government-sponsored
enterprises are Included In payments on a net basis ae reflected In Treasury reports. Major Intragovermnental trans-
The net effect of all these transactions with the
public Is reflected In changes In the balance In the Treas-
Cash transactions through the Treasurer's account are'
similar In general concept to those Included In the Bureau
but are limited In coverage to trans-
actions which affect the balance In that account.
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.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Period
I
Federal cash borrowing from the
December 1961
17
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
1
18
Treasury Bulletin
CASH INCCME 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
\
.
,
.
..
.
19
)ecember 1961
CASH INCCME AND OUTGO
Table 4
,-
and Payments
Intragovernmental Transactions Excluded from Both Receipts
(In millions of dollars)
Period
Budget receipts which
are also
trust fund
expenditures
1/
Fiscal year:
1956
1957
2/
Budget receipts
which are also
Governmentsponsored
enterprise
expenditures
2/
36
45
56
1958
1959
59
Trust fund receipts which are
also budget expenditures
Interest
Interest on
investment i
public debt
securities
747
12
948
196i (Est.).
505
1,543
1961-JBn.-June..
July - Dec.
176
46
431
Total
398
993
429
430
1,422
1963-Jan.-June.
507
1,038
1963-January.
February.
March.
25
383
64
9
39
11
20
40
.
.
.
33
7
7
.
July
August.
September.
.
.
October.
November.
61
-
8
6
35
5
5
See Table 1.
Source:
Federal
the v.^„.i
expenses by tv,
1/ Includes reimbursements for administrative
Insurance trust
Disability
Federal
the
and
Survivors
Old- Age and
reimbursements
Trust Fund;
funds, and beginning 1961, the Unemployment
taxes (highway) through
for refunds of employment and certain excise
Columbia; Federal
of
fiscal I960; reimbursement by the District
dividends, interest, etc.,
National Mortgage Association for payment of
intermediate credit
under secondary market operations; and Federal
stock to the Treasury
bank franchise tax and repayment of capital
after December 1956 and before January 1959.
j
2/ See Table 2, footnote 2.
xtax by banks for cooperatives, and
3/ Consists of payment of franchise
-959.
January
beginning
banks
also by Federal intermediate credit
from salaries paid by
Includes relatively small amounts of deductions
i,
V
5
6
8
841
848
917
439
1,410
April
May
June,
574
644
662
746
9
905
Total
Payroll
deductions for
employees'
retirement 4/
10
10
10
11
I960.
1961.
1962.
1963.
1962-Jan.-June..
July - Dec.
vested
trust
funds
1,207
1,318
1,342
1,315
1,327
1,404
1,423
1,467
69
69
79
on unin-
a9
20
..
.
,
December 196 J
21
CASH INCOME 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
(Net borrowing,
or repayment of borrowing (-);
illions of dollars)
Change in public debt and agency securities held by the public
Period
Public debt
increase, or
decrease (-)
Fiscal year:
1956
1957
1958
1959
-1,623
-2,22i
5,816
8,363
1960
1961
1962
1963
1,625
2,6/iO
9,230
7,659
196i (Est.)....
r^ol-Jan. - June,
July - Dec,
Total
]4C2-Jan. - June
July - Dec.
Total
]^63-Jan. - June
I
''
J-January.
February.
March
.
.
.
April
May
June
July
August
September.
October. .
November.
.
.
.
12,110
-1
7
..
s
,
Treasury Bulletin
22
CASH INCOME 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 - (Continued)
(Net borrowing,
or repayment of borrowing (-);
in millions of dollars)
Deductions for noncash and other transactions
Less:
Less:
on
savings
bonds and
Treasury
bills
y
Fiscal year:
1956
1957
1958
1959
456
388
2^i
301
1960
1961
1962
1963
641
696
196i (Est.)
olO
3il
Adjusted
service
bonds
^
Armed
Forces
leave
bonds
Special notes to
International
Monetary
Fund
V
Total
1962- Jan. - June
July - Dec.
Total
.
.
.
-4,765
-3,648
5,253
8,032
5^'J
348
712
9,594
547
636
839
909
1,301
76
8,755
4,670
5^7
58
53
1
,
U
55
)23
70
1,033
5,579
-22
25
612
10,232
63
402
-2,420
9,182
503
340
-2,923
25
6,762
843
5,913
5,695
10,232
58
213
415
279
345
30
70
•j21
a2
36
865
6,148
499
453
627
624
36
100
952
5,608
455
-1,025
1
-2,066
101
28
564
359
-2,094
-36
846
-567
192
32
165
128
813
-731
64
128
116
101
271
128
339
86
102
82
185
26
758
73
163
1,126
949
170
-39
956
988
27
1,386
6,560
-90
169
-569
-17
-15
-15
61
565
461
33
16
-5
87
28
40
-54
-22
39
67
57
97
13
9
58
Source:
See Table 1.
Fiscal year figures beginning with the August 1963 Bulletin and calendar
year figures beginning with the September issue have been revised to
take account of ::ertain changes in classification.
See "Trust and
Other Transactions," Table 1, Note.
2/ Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
}/ Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
1/
329
549
566
594
-31
49
101
October. ...
November. .
171
255
-4,436
-3,100
5,820
3,626
623
-292
-200
2,160
259
1/
(-)
1/
470
71
July
August
September.
V
public, or
repayment
58
11
April
May
June.
^
borrowing
from the
-108
75
43
.
International
Development
Association
Total
deductions
Equals:
Net cash
borrowing
through
in
the
the
Treasurer'
Treasurer' s
account, or
account 1/ 8/ repayment {-)
Transactions
not
reflected
42
423
1963- Jan. - June
1963- January.
February.
March
United
Inter- American Nations
funds
Development
bonds 6/
Bank
175
-674
-450
1,361
258
1961-Jan. - June
July - Dec.
Equals:
Net cash
Issuance of public debt securities representing expenditures, or refunds of receipts 4/
Net
accrued
interest
V
^
G/
7/
g/
ft
8,841
-87
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.
Includes bonds issued for the United Nations Children' s Fund and the
United Nations Special Fund.
Total deductions include minor amounts (less than $500,000) for excess
profits tax refund bonds which are excluded from borrowing because the
transactions are treated as deductions from receiots in Table 2.
Market transactions in public debt and agency securities.
Less than $500,000.
..
.
..
23
December 1961
CASH INCCME AND OUTGO
Treasurer
Table 7.- Summary of Cash Transactions through the Account of the
States
United
of the
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Period
Cash
deposits
Cash withdrawals 1/
1956.
1957.
1958,
1959.
77,079
81,875
82,094
81,612
71,690
77,279
85,015
93,736
I960
1961
1962
1963
9i,862
96,897
105,911
1U,«4
93,817
97,774
112,188
118,477
112,2^5
122,477
3U
50,414
56,016
Fiscal year:
19U
(Est.).
1961-Jan. - June.
July - Dec
.
53,
45,822
99,136
Total
1962-Jan. - June.
July - Dec .
60,089
50,635
110,724
Total.
1963-Jan. - June.
63,819
1963-January..
February.
March.
7,718
11,040
12,368
.
.
7,241
12,338
April.
May...
June .
13,
lU
July
August. .
September.
5,512
11,764
11,654
October.
November.
4,852
10,123
.
196i to date.
43,906
....
24
Treasury Bulletin
,
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 renr.t only budget receipts and expenditures but also
flects
trust,
deposit fund, and public debt transactions.
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
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and branches.
As the balances In these accounts become depleted, they are
for their own account as well as for the account of their
customers.
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
the country.
to leave funds In banks and In the communities in which they
arise until such time as the Treaaury needs the funds for Its
Dapoalts to tax and loan accounts occur In tha normal
course of business under a uniform procedure 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
The tax and loan account system permits the Treasury
operations.
In this way the Treasury is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for I955,
pages 275-284.
money from a customer's account to the tax and loan account In
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
End of
fiscal
.year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
1956
1957
1958
1959
522
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
535
4,633
4,082
8,218
3,744
501
489
401
101
5,656
5,069
9,030
4,380
159
190
259
306
37
49
63
1960
1961
1962
1963
504
408
612
806
6,458
5,453
8,815
10,324
106
109
121
120
7,068
9,548
11,:51
253
179
147
136
1962-Deceraber.
597
6,092
126
6,814
1963-January.
February.
March
821
8il
3,678
5,580
6,466
112
128
116
4,340
5,992
10,324
,
.
April
May
June
i98
410
909
952
651
806
July
August. .
September.
.
October.
November,
.
b29
705
948
881
In Federal
Reserve
Banks in
process of
collection
421
302
287
273
64
70
74
162
4,612
6,549
7,491
182
197
195
127
118
120
5,420
6,761
11,251
5,564
5,389
7,958
131
135
118
2,839
3,521
117
133
37
In other
depositaries
433
Total
assets
Liabilities
1/
Balance in
account of
Treasurer
of U. S.
166
447
365
429
6,712
6,037
9,990
5,451
337
222
303
342
375
335
441
313
8,092
6,769
10,509
12,116
87
75
79
93
234
284
7,586
7,509
91 1/
52
55
240
278
211
361
370
299
5,485
7,446
3,252
7,446
8,252
181
170
136
79
77
74
515
245
342
385
304
313
6,579
7,553
12,116
6,579
7,558
12,116
6,324
6,229
9,025
148
142
158
39
33
105
202
168
188
285
275
309
6,998
6,846
9,783
6,998
6,846
9,783
3,837
4,544
152
135
60
130
193
269
4,510
5,270
4,510
5,969
Source:
Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962.
Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer.
Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Treasurer's checks outstanding are included
58
2/
2/
174
UO
240
100 2/
6,546
5,590
9,749
5,350 2/
8,005
6,694
10,430
12,116
5,485
5,270
through June 1958, after which they are included in the balance in the
Treasurer's account.
(See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc.
Previously these items were included tinder liabilities.
I
...
.
December 196 J
25
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(
In millions of dollars)
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
Tax
anticipation
securities
During period
Income (by
special
and
arrangeexcise 2/ ment) 2/
Withheld
Other
Total
credits
58,520
5,486
6,078
8,869
8,055
1,103
813
1,078
912
3,373
2,987
3,246
3,638
57,496
55,842
56,438
57,595
54,782
56,847
53,076
56,085
6,458
5,453
8,815
10,324
6,458
7,653
8,889
10,324
1,390
1,161
1,531
2,535
4,103
4,151
4,457
5,325
5,738
5,374
6,092
6,188
2,735
4,560
1,793
5,053
6,275
4,206
3,152
5,388
3,678
5,580
6,466
5,886
5,580
6,746
3,458
3,569
2,656
4,095
4,351
4,823
1,755
5,290
8,661
3,882
3,637
4,329
4,340
5,992
10,324
5,648
6,884
10,324
2,535
4,736
3,519
3,497
5,899
6,393
1,970
5,175
8,335
6,730
5,350
5,765
5,564
5,389
7,958
10,257
5,839
8,100
5,432
4,011
3,169
7,076
5,081
5,432
1,694
4,704
6,813
4,022
2,839
3,521
8,090
3,618
2,434
4,565
3,076
6,035
5,Oi3
2,922
7,581
786
6,568
13,513
13,16i
23,897
26,709
27,881
29,190
4,611
4,152
7,903
5,919
45,
55,
1960
1961
1962
1963
2,679
2,787
2,725
2,699
7,784
7,613
5,898
2,963
7,920
1,788
3,774
3,830
33,059
3i,511
37,519
a, 267
209
3,933
1,596
1963- January.
February.
March. .
317
2i3
231
1,432
4,810
4,281
237
237
211
1,488
5,053
4,617
.
April.
May
. .
June
1,838
July
August.
September
20-4
1,638
4,943
4,400
October.
November
222
200
1,412
4,504
.
253
231
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their ovm account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Taxes eligible for credit consist of those deposited by taxpayers in
Withheld income tax beginning
the depositary banks, as follows:
U
1,763
30
1,995
79
3,730
60
Source:
1/
2/
2/
•
Average
High
4,633
4,082
8,218
3,744
3,810
2,976
2,82i
2,668
1962- December.
End of
period
38,871
46,000
50,908
62,994
1956
1957
1958
1959
6,053
9,142
6,521
6,835
Withdrawals
39,140
U8
OU
2,2a
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 number 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
This procedure is
to the tax and loan account in that bank.
followed during some of the quarterly periods of heavy tax payments.
Less than $500,000.
...
.
.
.
.
26
Treasury Bulletin
.DEBT OUTSTANDING.
Table 1«- Summary of Federal Securities
(In millions of dollars)
Interest-bearing debt
Total outstanding
End of
fiSCEll
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Public
debt
y
605
2,238
2,496
2,667
2,922
58
115
129
125
407
396
484
420
299,209
517
4,2b2
4,261
551
3,012
151
125
422
301 107
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301,186
301,954
526
537
547
561
576
605
4,090
4,072
4,016
3,978
4,019
3,907
4,085
4,068
4,015
3,977
4,018
3,906
393
391
354
298
345
310
2,995
2,980
2,965
2,981
2,976
2,922
151
151
151
151
151
129
125
125
125
125
125
125
421
421
420
421
421
420
647
674
693
301,583
303,197
303,356
300,938
302,525
302,664
645
673
692
3,898
4,011
3,972
3,896
4,010
3,971
263
310
273
2,961
3,028
3,028
129
129
129
125
125
125
418
417
416
705
718
303,163
304,811
302,458
304,093
704
717
3,984
4,122
3,984
4,121
264
336
3,036
3,036
129
187
125
125
430
438
444
607
1962-December.
303,988
303,470
518
299,726
1963-January.
February.
March, .
April. .
May
June
303, 9i8
531
541
548
562
577
607
299,858
305,179
303,541
303,728
305,781
306,^66
303,417
304,633
302,993
303,166
305,204
305,860
July
August.
September
305, i82
307,209
307,328
304,835
306,535
306,635
October.
November.
307,147
308,933
306,
U2
308,215
281,
,
73
106
101
110
139
240
AU
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
Treasury (see Table 6).
1/ Held outside the Treasury.
/^
y
6/
666
529
597
Guaranteed
securities
matured)
y
{
445
349
438
310
289,211
298, 6i5
306, i66
283,241
285,672
294,442
301,954
.
Other
476
283,380
285,911
294,886
302,559
.
national
Development
Association
InterAmerican
Development bank
3,090
3,299
3,759
3,906
140
240
.
Inter-
3,090
3,300
3,759
3,907
9U
286,3^1
288,971
298,201
305,860
286, i71
28i,817
International
Monetary
Fund
Total
1,742
1,068
618
1,979
269,883
268,486
274,698
281,833
1960
1961
1962
1963
^
Total
2,868
2,042
1,646
2,873
269,956
268,592
274,798
276, iW
Public debt
Special notes to -
2,869
2,042
1,646
2,873
74
107
101
111
272,825
270, 63i
Matured debt and debt bearing no interest
I/V
272,751
270,527
276,343
284,706
1956
1957
1958
1959
Guaranteed
securities
460
444
430
417
55
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium 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.
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Computed annual
interest char?»e
Public
debt
Public debt
and guaranteed securities 1/
Public
debt
Computed annual interest rate
Public debt
Total
interestbearing
securities
Nonmarket-
Marketable issues
Total
public
debt
Total
Bills
2/
1/
Certificates
Treasury
bonds
able
issues
Special
issues
Guaranteed
securities
1/
V
1956
1957
1958
1959
269,956
268,592
274,798
281,944
269,883
268,486
274,698
281,833
6,952
7,328
7,248
8,069
6,950
7,325
7,245
8,066
2.576
2.730
2.638
2.867
2.576
2.730
2.638
2.867
2.427
2.707
2.546
2.891
2.654
3.197
1.033
3.316
2.625
3.345
3.330
2.842
2.075
2.504
2.806
3.304
2.485
2.482
2.576
2.619
2.824
2.853
2.892
2.925
2.705
2.635
2.630
2.694
1960
1961
1962
1963
283,380
285,911
294,886
302,559
283,241
235,672
294,442
301,954
9,320
8,769
9,534
10,141
9,316
8,761
9,519
10,119
3.297
3.072
3.240
3.361
3.297
3.072
3.239
3.360
3.449
3.063
3.285
3.425
3.815
2.584
2.926
3.081
4.721
3.073
3.377
3.283
4.058
3.704
3.680
3.921
2.639
2.829
3.122
3.344
3.219
3.330
3.364
3.412
2.772
2.803
2.891
3.003
2.681
1962-December
299,726
299,209
9,859
9,841
3.298
3.297
3.357
2.989
3.362
3.852
3.241
3.395
2.898
3.584
1963-January.
February.
March. . .
April. .
May
June
299,858
301,107
299,525
299,750
301,762
302,559
299,332
300,571
298,978
299,189
301,186
301,954
9,868
9,926
9,955
9,978
10,065
10,141
9,849
9,906
9,935
9,958
10,044
10,119
3.299
3.305
3.332
3.338
3.345
3.361
3.299
3.304
3.332
3.337
3.344
3.360
3.357
3.361
3.399
3.405
3.409
3.425
2.992
3.001
3.024
3.040
3.051
3.081
3.362
3.297
3.283
3.283
3.283
3.283
3.851
3.912
3.892
3.907
3.922
3.921
3.243
3.259
3.325
3.328
3.328
3.396
3.400
3.404
3.408
3.409
3.412
2.893
2.911
2.918
2.915
2.961
3.003
3.610
3.616
3.625
3.653
3.661
3.658
July
August.
September
301,583
303,197
303,356
300,938
302,525
302 ,664
10,151
10,290
10,368
10,128
10,265
10,342
3.375
3.403
3.428
3.374
3.402
3.428
3.440
3.479
3.512
3.147
3.248
3.340
3.283
3.216
3.213
3.921
3.902
3.899
3.359
3.416
3.415
3.419
3.433
3.018
3.043
3.039
3.673
3.685
3.700
October.
November.
303,163
304,811
302,458
304,093
10,457
10,561
10,431
10,534
3.460
3.476
3.460
3.476
3.545
3.564
469
538
3.213
3.250
3.918
3.863
3.417
3.417
3.436
3.438
3.085
3.104
3.718
3.728
.
.
Source;
On the basis of the daily 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 case of
securities sold at a premium 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
1/
2/
2/
^
3.3U
3.3U
2.606.
2.611
2.622
2.628
3.1U
3.500
3.658
the total, or for 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.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; 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.
.
. .,
.
December 196)
27
.DEBT OUTSTANDING.
Table 3,- Interest -Bearing Public Debt
{In millions of dollars)
Public issues
Marketable
Total
interestbearing
publ i c
debt
Total
public
issues
1956
1957
1958
1959
269,883
268,486
274,698
281,833
224,769
221,658
228,452
237,078
1960
1961
1962
1963
283,241
285,672
1962-Deo.
1963- Jan.
End of
fiscal
year or
Nomnarketable
Treasury
12,009
11,135
9,621
8,365
81,297
80,830
75,025
81,964
54,497
53,481
53,431
53,645
47,54A
47,514
47,607
48,314
6,783
5,830
4,727
3,921
138
103
860
648
75
630
19
25
29
44,899
45,043
44,939
44,801
53,679
78,371
52,772
47,535
4,443
110
360
299
26
43,426
22,710
23,733
21,760
53,697
49,996
53,368
78,608
81,081
79,813
53,183
53,333
53,303
47,742
47,893
48,021
4,ao
4,354
4,199
108
108
108
468
423
420
429
529
529
26
26
26
42,191
42,487
42,204
49,430
49,733
47,230
21,760
22,169
22,169
53,042
52,126
52,145
80,091
80,072
81,964
53,261
53,524
53,645
48,113
48,231
48,314
3,978
3,945
3,921
105
104
103
458
577
630
630
30
30
29
41,604
43,562
44,801
203,491
203,233
204,282
47,222
47,219
48,218
22,169
16,988
15,494
52,154
58,562
53,723
53,773
53,732
48,427
48,597
3,899
3,882
3,813
103
102
101
610
48, 549
lU
81,946
80,463
86,456
655
705
705
29
29
28
43,724
45,519
44,650
205,347
206,551
49,720
50,521
15,493
10,939
53,695
58,666
86,439
86,424
53,828
53,989
48,687
48,793
3,719
3,704
99
559
98
632
735
735
29
28
43,283
43,553
16,303
20,473
32,920
33,843
35,952
30,973
20,416
27,314
81,890
80,839
90,932
84,853
301,954
238,342
240,629
249,503
257,153
183,845
187,148
196,072
203,508
33,415
36,723
42,036
47,230
17,650
13,338
13,547
22,169
51,483
56,257
65,464
52,145
299,209
255,784
203,011
48,250
22,710
299,332
300,571
298,978
257,142
258,084
256,774
203,959
204,751
203,472
48,944
49,941
48,530
299,189
301,186
301,954
257,585
257,625
257,153
204,323
204,101
203,508
Sept
300,938
302,525
302,664
257,214
257,006
258,014
Oct..
Nov.
302,458
304,093
259,175
260,540
Feb.
Mar.
Apr.
May.
June
July
Aug.
Special
issues
57,497
54,622
51,984
50,503
20,808
23,420
22,406
32,017
U2
Foreign
currency
series
securities 1/
69,817
65,953
61,777
59,050
Total
154,953
155,705
166,675
178,027
294,
Foreign
series
securities 2/
savings
bonds
Notes
Bills
month
Depositary
bonds
bonds,
Investment
series
Treasury
bonds 1/
Certificates
54,
Source:
Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1956-60.
2/ Consists of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
Consists of the dollar equivalent of Treasury certificates of
^
4/
Other
310
196
45,114
46,827
46,246
44,756
171
183
170
117
583
648
505
488
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration series beginning July I960 and retirement plan bonds beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(
1/
In millions of dollars)
Maturity classes
End of
fiscal year
Amount
outstanding
Within
1 year
1 - 5
5
years
years
- 10
10 - 20
20 years
years
and over
1956
1957
1958
1959
154,953
155,705
166,675
178,027
58,714
71,952
67,782
72,958
34,401
40,669
42,557
58,304
28,908
12,328
21,476
17,052
28,578
26,407
27,652
21,625
4,351
4,349
7,208
8,088
1960
1961
1962
1963
183,845
187,148
196,072
203,508
70,467
81,120
88,442
85,294
72,844
58,400
57,041
58,026
20,246
26,435
26,049
37,385
12,630
10,233
9,319
8,360
7,658
10,960
15,221
14,444
1962-December.
203,011
87,284
61,640
33,983
4,565
1963- January
February.
March.
203,959
204,751
203,472
87,978
88,951
81,647
61,657
59,003
61,328
33,975
36,458
37,962
204,323
204,101
203,508
82,469
87,797
85,294
61,079
58,007
58,026
203,491
203,233
204,282
85,286
85,976
83,070
84,556
88,385
,
. .
April.
..
May
June
July
August.
September
.
October.
November.
.
205,347
206,551
Average length
5 yrs.
4 yrs.
5 yrs.
4 yrs.
4 mos.
9 mos,
3 mos.
7 mos.
4 yrs.
4 yrs.
4 mos.
4 yrs.
yrs.
11 mos.
1 mo.
15,539
4 yrs.
11 mos.
4,566
4,566
6,770
15,782
15,774
15,764
4 yrs.
4 yrs.
5 yrs.
10 mos.
10 mos.
1 mo.
37,952
35,485
37,385
6,770
6,769
8,360
16,054
16,043
14,444
yrs.
yrs.
yrs.
58,035
60,856
58,085
37,376
33,622
39,100
8,359
8,359
8,358
14,435
14,420
15,669
yrs.
yrs.
yrs.
mos.
mos,
3 mos,
57,678
56,660
39,097
37,500
..35?.
15,658
15,648
yrs.
yrs.
2 mos.
2 mos.
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
5
5
5
6 mos.
1
mo.
1 mo.
1 mo.
The last of
bonds, which have been classified to earliest call date.
these bonds were called on August 14, 1962, for redemption on
December 15, 1962.
.,
.
.,
28
Treasury Bulletin
.DEBT OUTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
Total
Federal
Deposit
Insurance
Corporation
1956
1957
1958
1959
A5,1U
673
46, 827
718
46,246
44,756
673
629
1960
1961
1962
1963
44,899
45,043
44,939
44,801
694
556
1962-December
Federal
Disability
Insurance
Trust
Fund
325
996
1,533
500
260
2,017
2,299
2,304
2,165
Federal
home
loan
banks
Federal
Old- Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
(jovern-
ment
Life
Insurance
Fund
Highway
Trust
Fund
National
Service
Life
Insurance
Fund
19,467
19,463
18,610
17,227
103
103
112
116
6,667
7,394
7,738
8,608
1,217
1,200
1,144
1,127
404
822
429
104
138
182
372
16,413
16,200
15,074
14,221
9,397
10,414
11,382
12,438
1,107
1,071
1,028
1,003
234
436
678
5,803
5,759
5,804
5,714
52
50
165
165
59
50
74
1
Postal
Savings
System
1/
5,481
5,570
5,665
5,742
26
Railroad
Retirement
Account
Unemployment
Trust
Fund
3,600
3,475
3,531
3,417
7,737
7,996
6,671
5,636
112
123
120
126
3,586
3,504
3,316
2,786
5,580
4,625
4,657
4,803
138
192
156
263
Other
2/
43,426
443
2,145
51
13,669
119
11,707
1,002
285
5,763
2,996
5,108
139
42,191
42,487
42,204
462
409
291
2,076
2,086
2,084
235
138
78
12,788
13,125
13,179
106
97
11,776
11,837
11,885
984
980
302
371
440
5,538
5,536
5,534
2,949
2,909
2,768
4,813
4,818
4,632
160
176
2U.
41,604
43,562
44,801
296
263
260
2,069
2,122
2,165
50
55
12,653
14,355
14,221
92
75
98
11,980
12,059
12,438
975
972
1,003
540
590
372
678
5,538
5,540
5,714
2,690
2,327
2,786
4,416
4,909
4,803
305
293
263
July
August, . .
September.
43,724
45,519
44,650
259
277
270
2,094
2,140
2,136
108
86
126
13,495
14, 500
14,224
98
98
12,486
98
12,616
655
704
547
5,720
5,726
5,731
2,813
2,807
2,754
4,678
12, 548
999
997
992
5,322
4,872
318
315
283
October.
November
43,283
43,553
273
71
2,045
1,974
130
76
13,302
13,571
46
12,664
12,755
989
985
465
378
5,740
5,745
2,712
2,708
4,678
4,929
187
314
1963-January.
February,
March. ...
.
April
May
June
,
Source:
Daily Treasury statement,
1/ Includes Canal Zone Postal Savings System through 1959,
Adjusted Service Certificate Fund (through December 1956),
2/ Consists of:
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund,
Less than $500,000,
..
,
December 196 J
29
DEBT OUTSTANDING
Table 6,- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
griculture Department
Agency
for
International
Development 1/
End of
fiscal
year or
month
1956
1957
1958
1959
1960
1961
1962
1963
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
programs
2/
Housing and Home
Finance Agency
ExportImport
Public
Federal
Bank of
AdminisNational Housing
WashMortgage Adminington trator
Associistra4/
ation
tion
^
977
1,213
1,567
2,005
1,954
1,741
1,502
2,351
2,338
3,202
3,167
2,716
33
41
35
27
29
32
32
25
1,680
1,778
3,166
991
1,015
1,652
1,643
1,650
1,848
1,868
1,882
3,742
3,742
3,657
1,040
1,040
1,027
1,700
1,498
1,476
11,880
12,205
12,280
3,737
3,737
3,737
1,053
1,062
1,067
12,618
12,913
3,830
3,830
1,104
1,105
1,1U
11
1,294
1,723
1,950
1,970
1,964
1,976
1,923
21
121
25
1,640
1,986
3,177
3,050
3,058
28
28
97
121
122
122
25
50
50
1,690
1,690
1,690
1,979
1,925
1,925
22
22
29
1,935
1,990
2,005
2,876
2,783
2,716
58
25
25
122
123
123
50
50
50
1,730
1,730
1,730
1,923
1,923
1,923
29
29
29
1,281
1,290
1,275
2,033
2,085
2,085
2,682
2,642
2,609
54
96
61
123
123
123
50
50
1,730
1,730
1,922
1,912
34
34
75
1,730
1,912
35
1,259
1,302
2,115
2,140
2,580
2,558
39
37
123
123
50
50
1,730
1,730
1,911
1,911
35
35
265
256
323
369
456
854
1,027
1,239
1,205
1,528
1,937
1,636
1,698
1,830
1,476
1962-DeceiLber.
28,748
818
12,884
3,572
973
1963-January.
February.
March. ...
28,927
28,781
28,847
818
818
817
12,926
12,921
12,769
3,652
3,652
3,742
April. ...
May
June
29,040
29,077
29,166
817
817
807
13,017
13,325
13,599
July
August.
September
27,335
27,723
27,744
757
757
757
October.
November,
28,149
28,490
756
756
Source:
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1962
Annual Report of the Secretary of the Treasury, page 850, and the 1962
Combined Statement of Receipts, Expenditures and Balances of the United
States Goverrmient, page 514.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties. The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs, and Agricultural Credit Insurance
2/
Fund (formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corpo3/
ration, but excludes securities issued under the Defense Production
Act.
Consists of notes issued to borrow for: The urban renewal program
V
Act
of 1950
83
2,343
2,519
2,728
2,923
3,155
3,332
3,484
3,657
.
Other
7/
50
11,190
13,383
11,528
12,874
12,704
11,534
12,990
13,599
.
Under
Defense
Production
121
121
123
1,213
1,198
1,188
1,164
1,138
1,107
1,062
807
,
Veterans'
Administration:
Direct
loan
program
584
733
780
930
1,180
1,330
1,530
1,730
20,0ig
22,731
21,859
25,343
25,636
26,011
28,634
29,166
151
Saint
Lawrence TennSeaway
essee
Develop- Valley
ment
AuthorCorpoity
ration
165
282
476
730
^
^
2^
16
48
97
112
118
18
22
21
22
22
29
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities 'transferred
from the Reconstruction Finance Corporation.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Secretary of the Treasury; Small
Consists of notes issued by the:
Business Administration, fiscal years 1956 and 1957; United States
Information Agency for informational media guaranties beginning fiscal
1957 (see footnote 1); Secretary of Commerce (Maritime Administration)
for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61, and
1963-64 beginning March 1963; Virgin Islands Corporation beginning
fiscal 1960; and District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962.
. ...
.
Treasury Bulletin
30
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(
End of fiscal
year or month
Total
Banks for
cooperatives
In millions of dollars)
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal National
Mortgage Association
Federal land
banks 2/ 2/
Management
and liquidating issues
All other
issues
Tennessee
Valley
Authority
1956
1957
1958
1959
3,889
5,013
5,i23
6,703
133
179
199
284
929
738
456
992
834
924
1,159
1,456
1,322
1,552
1,646
1,888
570
570
797
797
100
1,050
1,165
1,290
1960
1961
1962
1963
8,407
7,765
9,332
10,192
330
382
430
459
1,259
1,055
1,797
2,770
1,600
1,723
1,855
2,133
2,137
2,357
2,550
2,725
797
2,284
2,198
2,556
1,960
145
145
1962- December,
10,133
504
2,707
1,727
2,628
2,422
145
1963- January.
February.
March. . .
9,800
9,578
9,267
504
480
480
2,424
2,164
2,014
1,729
1,787
1,842
2,628
2,661
2,661
2,370
2,343
2,126
9,185
9,415
10,192
490
489
459
1,912
2,035
2,770
1,935
2,037
2,133
2,661
2,725
2,725
July
August. . .
September.
10,322
10,624
10,870
459
473
473
2,816
3,036
3,299
2,202
2,232
2,233
2,725
2,796
2,796
October,
November.
11,151
10,958
526
526
3,599
3,599
2,139
2,027
2,834
2,834
April.
May
June
,
.
.
50
December i96J
31
•STATUTORI DEBT LIMITATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended by
an act approved June 30, 1959, provides that the face amount of
oblijitions issued uader authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held ty
the Secretary of the Treasury) shall not exceed in the aggregate $285 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, 1958,
was $283 billion. In addition, temporary increases have been
authorized as follows:
$6 billion from August 28, 195^,
through June 30, 1956 (acts of August 28, 195A., and June 30,
1955); $3 billion from July 1, 1956, through June 30, 1957 (act
of July 9, 1956); $5 billion from February 26, 1958, through
June 30, 1959 (act of February 26, 1958); $10 billion from
July 1, 1959, through Tune 30, I960 (act of June 30, 1959); $8
billion from July 1, I960, through June 30, 1961 (act of June
30, i960); $13 billion from July 1, 1961, through March 12,
1%2, and $15 billion from March 13 through June 30, 1962 (acts
of June 30, 1961, and March 13, 1962); $23 billion from July 1,
1%2, thro'jgh March 31, 1963, $20 billion from April 1 through
May 28, 1%3, $22 billion from May 29 through June 30, 1963,
and ,524. billion from July 1 through June 30, 196ii (acts of
July 1, 1962, May 29, 1%3, August 27, 1963, and November 26,
l%3,and an additional $6 billion, making a total of $30 billion, from December 1, 1963, through June 29, 1964 (act of
November 26, 1963).
Table 1.- Statue Under Limitation November 30, 1963
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation in5)osed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of August 27, 1963
309,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed secxirities held outside the Treasury
307,849
718
308,567
Total amount of securities outstanding subject to statutory debt limitation
Balance issuable under limitation
Source:
Dally Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding November 30, 1963
(In millions of dollars)
Class of security
Subject to statutory
debt limitation
Public debt
Interest-bearing securities:
Marketable:
Treasury bill s
Certificates of indebtedness
Treasury notes
Treasury bonds
Not subject to statutory
debt limitation
Total
outstanding
;
86,-i2i
50,521
10,939
58,666
86,424
206,551
206,551
469
163
469
163
50,521
10,939
58,666
Total marketable
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury certificates
U, S, savings bonds (current reden^tion value)
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refiind bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
Special bonds of the United States:
United Nations Children' s Fund series
United Nations Special Fund series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
2
2
48,793
48,793
tt
98
98
3,704.
3,704
25
25
53,989
53,989
43,553
43,553
304,093
304,093
333
336
53
53
1
1
3,036
187
125
3,036
187
125
12
12
10
191
114
10
191
114
59
3,423
Total debt bearing no interest
307,849
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
Total guaranteed securities
363
"355"
308,215
1
1
718
718
308,567
1/
59
3,786
717
717
Total public debt and guaranteed securities
Daily Treasury statement.
30
705
«
Special issues to Government agencies and trust funds
Source:
30
705
Held outside the Treasury.
365
308,933
Less than t500,000.
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding November 30, 1963
Other Than Regular Weekly Treasury Bills
December 196J
33
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1963
Other Than Regular Weekly Treasury Bills - (Continued)
.
.
V
)
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollar s
Description of new issue
Issue date
Amount of bids accepted
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Number of
days to
maturity 1/
Amount of
bids
tendered
91
182
1,987.2
1,457.8
1,300.7
799.9
1,054.8
743.0
245.9
56.9
154.4
61.5
1,301.7
800.0
16,914,8
91
182
1,979.8
1,578.0
1,301.3
800.5
1,053.8
740.4
247.5
60.1
196.6
62.6
1,301.0
799.2
16,915.1
20,812,2
14
13
91
182
2,342.5
1,372.6
1,300.8
800.1
1,036.5
734.8
264.3
65.3
106.4
33.1
1,301.5
800.0
16,914,4
20,812.3
Maturity
date
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Regular weekly bills:
1
[1963 -Oct.
ll96i Jan.
Aug.
8
[1963 Nov.
11964 -Feb.
Aug.
15
[1963- Nov.
l 1964- Feb.
Aug.
22
/1963- Nov.
21
1964- Feb.
20
91
182
2,235.9
1,561.0
1,300.9
800.7
1,049.3
740.2
251.6
60.4
194.1
77.8
1,301.7
800.4
16,913.7
20,812.6
/l963- Nov.
29
27
92
182
2,173.9
1,698.0
1,300.2
800.5
1,080.3
752.4
219.9
48.1
135.1
53.1
1,302.4
800.2
16,911.5
20,812.9
[1963--Deo.
\l964-•Mar.
5
91
182
2,441.0
1,557.7
1,300.9
801.7
1,087.7
752.0
213.1
49.7
271.9
72.2
1,302.6
800.5
16,909.8
20,814.0
/1963-Dec.
11964-Mar.
12
12
91
182
1,958.0
1,133.9
1,300.1
800.0
1,033.0
734.7
267.1
65,2
136.3
53.9
1,300.3
800.3
16,909.6
20,813.7
|l963--Dec.
\l964- Uar.
19
19
91
182
2,118.6
1,257.5
1,300.8
800.7
1,017.8
736.8
283.0
63.9
178.0
73.5
1,301.7
800.6
16,908.7
20,813.9
fl963-•Dec.
26
26
91
182
2,280.4
1,272.9
1,301.1
799.9
1,028.9
746.1
272.1
5J.8
136.5
58.4
1,301.8
800.0
16,907.9
20,813.8
1963-Aug.
1
Aug.
29.
1 1964- Feb.
Sept
Sept.
Sept.
5
12..
19.,
31
30
5
2Ci,;310,9
Sept.
26..
Oct.
|l964--Jan.
Apr.
2
3.
2
91
182
2,046.0
1,203.1
1,300.8
798.2
1,079.9
740.2
220,9
58,0
172.5
52.5
1,300.6
800,0
16,908.2
20,811.9
Oct.
10.
Jan.
Apr.
9
9
91
182
2,274.6
1,260.2
1,301.3
800.3
1,037.4
728.6
263,8
71.7
145.8
43.9
1,300,3
801.4
16,909.2
20,810.8
Oct.
17.
Jan.
Apr.
16
16
91
182
2,178.9
1,306.1
1,300.4
800.4
969.7
715.4
330.7
85.0
85.6
24.7
1,300.3
800.4
16,909.3
20,810.7
Oct.
2i.
Jan.
Apr,
23
23
91
182
2,264.6
1,277.8
1,302.4
799.7
1,043.2
729.0
259.2
70.7
140.0
53.4
1,300.1
801.1
16,911.6
20,809.4
6
13
Oct.
28
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
101
108
115
122
129
136
143
150
157
164
•2,107.7
1,000.9
996.6
4.3
Oct.
31..
Jan.
Apr.
30
30
91
182
1,866.7
1,545.5
1,300.3
800.3
1,050.1
729.9
250.2
70.4
65.4
23.4
1,300.7
800.9
16,911.3
Nov.
Feb.
7p.
6
2,051.1
1,219.0
1,300.5
800.0
1,052.3
737.6
248,2
62.3
136.2
53.1
1,301.3
801.8
16,910.5
7
91
182
91
182
2,201.4
1,431.4
1,302.1
800.6
1,054.3
724.7
247.8
66.4
15.3
4.1
1,300.8
800.7
16,911.7
May
13
14
Feb.
May
20
21
91
182
2,320.7
1,431.4
1,201.6
800.3
922.7
724.3
278.9
76.0
189.2
75.1
1,300.9
800.4
16,812.4
21,807.7
Feb.
27
28
90
181
1,987.0
1,614.3
1,201.3
801.7
981.6
744.3
219.7
57.4
120.8
42.5
1,300.2
801,3
16,713.6
21,808.1
1964-Mar.
23
160
2,958.1
2,001.2
1,8
?.l
132,2
6.6
Nov.
11964-•Mar.
2/-
14p.
Nov.
21p.
Nov.
29p.
May
Feb.
May
116,911.6
[21,810.3
21,809.6V
21,807.84/
21,807.8V
V
Tax anticipation bills;
1963-Oct.
15
2,001.2
One-year bills:
1962-Oct.
15.
1963-Oot.
15
365
4,535.0
2,500.1
2,315.1
185,1
190.0
2,003.5
8,505.7
1963-Jan.
Apr.
July
Sept.
Oct.
15.
15.
15.
3.
1.
1964- Jan.
Apr.
July
Aug.
Sept.
15
15
15
31
365
366
366
2,001.3
2,000.8
2,003.6
365
2,252,9
2,310,0
1,783.0
936.9
954.9
38.6
84.1
9.0
363
2,496.2
2,500.8
1,997.9
1,001.1
1,002.0
243.2
190,7
30
5,244.4
4,047.6
4,495.2
2,631.7
2,395.4
31
30
362
363
1,890.9
2,794.5
1,000.3
1,004.8
966.3
33.9
8U.5
160.3
9,000.6
9,500.6
9,495.0
10,496.1
11,498.1
8,998.0
9,998.2
11,003.0
2U,9
64,3
47,0
2,500,1
Nov.
Dec.
4p.
3p.
Oct.
Nov.
Bureau of the Public Debt, Preliminary figures are from subscripSource:
tion and allotment reports; final figures are on "clearance" basis in
daily Treasury statement.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
2/ For 13-week issues, tenders for $200,000 or less, and for 26-week issues,
beginning June 11, 1959, tenders for $100,000 or less from any
3/
4/
^
y
one bidder are accepted in full at average price of accepted
competitive bids; for other issues, the corresponding amount is
stipulated in each offering announcement.
Additional amounts ($100,092,000 each) of ten series of outstanding
weekly bills issued in strip form for cash on October 28, 1963.
Includes strip bills issued October 28, 1963.
Matured October 15, 1963.
(Continued on following page)
L
)
December 196 J
35
PUBLIC DEBT OPERATIONS
Table 2.- Offer Inge of Treasury BIIIb
On total bids accepted
Regular weekly bills:
Equivalent average
rate 6/
(Continued)
On competitive bids accepted
Issue date
Average price
per hundred
-
Lou
High
Price per hundred
(Percent
Equivalent rate 6/
(Pe
3.263
3.398
99.183
98.290
Price per hundred
Equivalent rate 6/
(Percent)
nt)
3.232
3.382
99.170
98.277
3.284
3. 408
1963- Aug.
1
J99.175
\98.282
Aug.
8
[99.178
198.287
3.253
3.389
99.183
98.292
3.232
3.378
99.173
98.284
3.272
3.394
Aug.
15
[99.157
198.261
3.335
3.U1
99.163
98.267 2/
3.311
3.428
99.156
98.254
3.339
3.454
Aug.
22
[99.152
I98.25O
3.355
3.i62
99.154 12/
98.257 11/
3.347
3.448
99.150
98.246
3.363
3.469
Aug.
29
[99.132
\98.234
3.396
3.49i
99.134 12/
98.236 ly
3.389
3.489
99.130
98.231
3.404
3.499
Sept.
5
M5
3.384
3.487
99.
W6 iV
3-378
3.477
99. U3
98.235
3.390
3.491
Sept.
12
3.343
3.460
99.161
98.262
3.319
3.438
99.150
98.238
3.363
3.485
Sept.
19
3.409
3.522
99. U6
16/
98.230
3.378
3.501
99.136
98.216
3.418
3.529
Sept.
26
3.379
3.507
99.150
98.234 12/
3.363
3.493
99.144
98.222
3.386
3.517
3.407
3.515
99.148
98.234 Ig/
3.371
3.493
99.136
98.218
3.418
3.525
1_98.196
3.459
3.569
99.129 12/
98.204
3.446
3.553
99.124
98.190
3.465
3.580
[99.126
\98.i96
3.458
3.568
99.131
98.205 20/
3.438
3.551
99.123
98.190
3.469
3.580
[99.118
1_98.167
3.489
3.626
99.126
98.174 21/
3.458
3.612
99.117
98.158
3.493
3.644
[99.
\98.237
[99.155
1_98.251
f99.138
\98.220
[99. U6
[98.227
Oct.
3
Oct.
10
Oct.
17
Oct.
2A
Oct.
Oct.
28
7p
Nov.
l^p
Nov.
[98.223
[99.126
,
2/
31
Nov.
Nov.
[99.139
,
21p
29p
98.242
7/
8/
ly
98.675
3.601
98.687
3.567
98.672
3.608
99.127
98.187
3.452
3.586
99.132
98.195
3.434
3.570
99.123
98.185
3.469
3.590
99.111
3.517
3.621
99.116 22/
98.190
3.497
3.580
99.108
98.154
3.529
3.651
3.564
3.678
99.103 22/
98.150
3.549
3.659
99.097
98.135
3.572
3.689
3.524
3.660
99.111
98.156
3.517
3.647
99.108
93.146
3.529
3.667
198.175
3.480
3.630
99.134
98.180
3.464
3.620
99.128
98.173
3.488
3.634
98.A28
3.537
98.437
3.517
98.421
3.553
2.940
96.980
2.979
3.000
3.050
3.529
3.560
3.570
3.615
3.570
96.938
96.881
96.342
96.391
96.358
96.340
96.371
3.020
3.068
3.598
3.579
3.592
3.640
_98.169
[98.099
L98.U1
[99.109
1.98.150
/99.I30
Tax anticipation bills
1963-Oct.
15
One-year bills:
1962-Oct.
15
96.989
2.969
97.019
1963- Jan.
Apr.
July
Sept.
Oct.
Nov.
15
96.943
96.887
96.358
96.395
3.015
3.062
582
96.958
96.899
96.412
96.410
96.380
96.365
96.400
Dec.
6/
2/
&/
2^
10/
U/
12/
12/
IV
l^/
16/
17/
15
15
3
1
Up
3p
96.36/i
96.347
96.383
575
586
633
590
Bank discount basis
Except $300,000 at 99.190.
Except $100,000 at 98.297.
Except $100,000 at 98.287.
Except $365,000 at 99.180 and $100,000 at 99.163.
Except $100,000 at 98.285 and $100,000 at 98.261.
Except $2,000,000 at 99.143, $800,000 at 99.153 and $18,000 at 99.156.
Except $55,000 at 98.250.
Except $75,000 at 99.150.
Except $100,000 at 98.252.
Except $300,000 at 99.155 and $200,000 at 99.150.
Except $50,000 at 98.256.
iV
ly
26/
27/
23/
22/
18/
12/
23/
21/
22/
22/
2^
2J/
26/
S/
2&/
22/
P
3.5^9
Except $300,000 at 98.237.
Except $200,000 at 99.139 and $150,000 at 99.140.
Except $13,000 at 98.210.
Except $60,000 at 98.190.
Except $1,700,000 at 99.127.
Except $100,000 at 99.115.
Except $500,000 at 97.029.
Except $100,000 at 97.000 and $200,000 at 96.982.
Except $50,000 at 96.969, $500,000 at 96.945, and $500,000 at 96.909.
Except $100,000 at 96.696 and $600,000 at 96.442.
Except $300,000 at 96.380.
Except $600,000 at 96.470 and $3,000,000 at 96.411.
Preliminary.
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
Description of issue
i/
..
,
37
December 196 J
PUBLIC DEBT OPERATIONS,
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Contlnued»
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1961-Aprll
6..
April
13..
May
4..
May
11..
July
20.
August
31 .
October
19..
October
26..
1962-February
1..
February
15 .
February
23..
March
1..
March
8..
March
15..
March
22..
March
29.,
April
5
April
12.
April
19.
April
26.
May
10.
May
2i.
May
31.
.
June
7.
June
14 .
June
21.
June
28.
July
5.
July
12.
July
19.
July
26.
1961-July
October
)
,.
,
Treasury Bulletin
3&
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Contlnued)
(Dollar amounts In millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted
^
New money
increase, or
decrease (-)
(Percent
2.
Jl962-November
\l963-January
91
182
12,161
1,576
*1,301
700
2.874
3.075
9
fl962-November
\1963-February
91
182
1,972
1,203
1,301
700
2.801
2.990
197
August
16
fl962-November
\l963-February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
23.
ri962- Nov ember
\l963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
August
30.
ri962-November
\l963-February
29
28
91
132
2,248
1,259
1,301
700
2.805
2.916
100
September
6.
{1962-DeG ember
1963-March
91
182
2,054
1,332
1,301
700
2.834
2.977
100
September
13.
fl962-December
Il963-March
13
91
182
2,377
1,291
1,301
701
2.789
2.911
101
September
20.
f 1962 -Dec ember
\l963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
September
27,
ri962-December
\l963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
91
182
2,011
1,505
1,300
701
752
902
100
10
11
91
182
2,136
1,631
1,301
701
760
864
100
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
January
April
24
25
91
182
2,133
1,394
1,301
700
742
828
102
i
January
31
May
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
I
February
May
91
182
2,249
1,761
1,301
702
2.841
2.927
101
9
(February
U
May
16
103
1962-August
August
October
ri96 3- January
4.
\
October
11.
October
18.
October
25.
November
November
(January
April
(January
I
\
1
f
8,
I
November
15
November
23
29
December
6
February
21
23
(February
28
May
31
f
1
December
13
December
20
December
1963-January
27
3
10.
March
28.
April
4.
April
11.
18,
25.
Footnotes at end of table.
6
U
91
182
2,325
1,436
1,302
701
2.801
2.846
90
181
2,409
1,274
1,300
800
2.833
2.892
199
91
183
2,042
1,528
1,300
801
2.853
2.936
199
91
182
2,108
1,663
1,300
801
2.861
2.945
98
1,973
1,321
1,301
801
2.807
2.861
101
June
13
March
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
28
27
91
2,660
182
1,322
1,309
802
2.893
2.924
110
5
91
183
2,220
1,340
1,301
801
2.926
2.966
101
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
(June
27
91
182
2,133
1,459
1,301
800
2.919
2.977
92
92
182
2,081
1,454
1,300
800
2.922
2.982
98
91
182
2,292
1,553
1,302
801
2.913
2.978
102
91
182
2,352
1,435
1,301
800
2.917
3.010
100
91
182
2,259
1,670
1,300
801
2.884
2.982
99
J
\
J*
June
March
\
June
J
April
July
{April
September
f
\
f
f
\
April
7
June
101
91
182
\
April
March
(March
I
January
7
May
j
I
November
April
2.%2
*199
r
1
4
26
July
October
5
July
October
11
3
10
July
October
18
July
October
25
17
24
(Continued on following page)
)
December 196 J
39
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury BlIlsV- (Continued)
(Dollar amounts tn millions)
Description of issue
Issue
date
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
91
182
* 2,054
2.897
2.989
$101
1,668
» 1,302
801
Number of
days to
maturity
Maturity
(Percent
1963-May
2.
fl963-August
October
1
May
9.
J
\
May
16.
21p
November
29p
August
November
91
2,119
1,301
1,715
802
2.905
2.993
100
182
91
182
2,397
1,583
1,302
801
2.903
2.990
98
91
2,321
l,i31
1,202
800
3.524
3.660
-99
1,987
1,201
802
3.480
3.630
-99
15
(i964-February
May
20
21
182
February
May
27
28
90
181
f
1
See Table 2. Information in Table 3 covers bill offerings
January 2, 1957, through November 30, 1963.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
1961 ($800 million), November 15, 1962 ($1,001 million), and October 28,
See Table 4.
1963 ($1,001 million).
Source:
1/
31
August
November
f
\
November
1
1,6U
2/
3/
p
Equivalent average rate on bank discount basis.
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks.
Preliminary.
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or bill
tenders received
41
December 196J
_
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasurv Bills - (Continued)
Date subscription books
opened or bill
tenders received
Date
Description of security
of
issue
Amount Issued
Amount of subscriptions tendered
Period to final
maturity
(years, months,
days) 2/
1/
Cash
For
cash
Exchange
2/
Allotment
ratio
In exchange
j/
(In millions of dollars)
10/1/59
l-l/2ie Note
lO/l/64-EO
5y
Note
8/15/64-B
10m
11,125
2,316
4.783ie Bill
6/22/60
245d
3,779
2,002
lO/u/59
10/21/59
11/2/59
ril/15/59
\ll/l5/59
11/23/59
11/24/59
5)1
4-7/8^ Note
II/15/6O-C
ll/15/63-C
7/20/59
4-3/4;S Note
5/15/64-A
12/2/59
4.860;f Bill
10/1 7/6O
1/5/6O
10/21/59
4.726if Bill
6/22/6O
1/12/60
1/15/60
5.067$ Bill
/ 2/15/60
2/1/60
4-3/4/f Certificate
4-7/8)6 Certificate
2/15/60
4-7/8% Note
4/1/60
1-1/2)6 Note
.\
8/
f 4/5/60
4/4/60
\4/u/60
4-1/4)6 Bond
4)6
Note
4.608% Bill
-
4y
^
Tax ant.
(At auction)
Reopening
at 99-3/4
320d
3,965
2,007
166d
4,085
2,016
At auction
ly
2,303
^
1/15/61
4y
6,938
4,195
4/1/65-EA
5y
466
5/15/75-85
5/15/62-E
25y
2y
ijm
im
6,715
470
2,211
ly
2,001
2,001 28/
4/15/61 - At auction
4/15/6O
4-3/8)6 Certificate
5/2/60
4-5/8% Note
5/I5/6I-B
5/15/65-A
6/8/60
6/23/60
\ 6/2 3/60
3-3/4% Note
3-7/8% Bond
5/15/64-D
5/15/68
7/6/60
7/13/6O
2.823% Bill
3/22/6I - Tax ant.
(At auction)
7/12/6O
7/I5/6O
3.265% Bill
7/15/61 - At auction
8/15/6O
\ 6/23/60
f
10/11/60
3-7/8% Bond
^
IO/1/6O
1-1/2% Note
10/3/60
2/14/58
Uo/3/60
3-1/2% Bond
3-1/2% Bond
3-1/2)6 Bond
11/15/80
2/15/90
11/15/98
IO/17/6O
3.131% Bill
10/16/61
f
^
10/18/60
10/21/60
2.788)6 Bill
6/22/6I
[11/15/60
^11/15/60
3-1/4)6 Note
10/31/60
3-3/4% Bond
2/15/62-F
5/15/66
11/21/60
10/1/57
4%
Bond
10/1/69
I/II/6I
1/15/61
2.679% Bill
2/6/61
2/15/61
3/20/61
f 3/15/61
\ 3/15/61
4/1/61
8/
At auction
Certificate
3%
3-1/4% Note
J
5/1/61
6/8/61
6/I4/6I
2.308% Bills
7/11/61
7/15/61
2.908% Bill
7/17/61
3-1/4% Note
3-3/4% Note
3-7/8% Bond
7/20/6I
7/26/61
2.484% Bill
3/23/62
IO/3/6O
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
11/15/80
2/15/90
11/15/98
Footnotes at end of table.
Reopening
Issued at 99.375
.
.
.
.
643
993
2,343
643
993
2,343
100 22/
9,098
1,213
100
l9y
28y
37y
(Continued on following page)
675
4,116
2,000 28/
3,728
1,903
2m
5m
2m
40/
675
-3,819],^
l2,947J^^
240d
3,670
2,438
3,604
ly
2y
100
l'78ll
850j
H/
t
100
^
w
^™ ] ii/
1,802
2,004 28/
6,082
5,019
749
r
%m
22/
2,438
3,604
ly
4,174
^
3,655
22/
1,503
3im
148
1,502 28/
3,897
ly
ly
3y
6y
23/
3,078
4,673
Tax ant.
(At auction)
Reopening
Reopening
Reopening
315
3,504
109. 6d
(Average)
W
315
1,502 28/
5y
172d
iv
2A/
{?;°04ll^
5,440
8m
8m
7/15/62 - At auction
8/1/61
8/1/61
L6/23/6O
IO/3/6O
-^
3,300
18,980
V
8/3/61-]'-"Strip" of 18
\ll/30/61 J series 46/
(At auction)
ll/15/62-H
8/15/64-E
5/15/68
2/U/58
ly
4/15/62
/ 5/15/61
\ 5/15/61
,183j
U8
Tax ant.
(At auction)
5/15/62-A
5/15/63-D
5
9im
9/22/6I
2.827% Bill
1,501 28/
8y
4/1/66-EA
4/15/61
3,036
17,
',389132/
9,098
1,213
1-1/2% Note
4/12/6I
3,512
3m
6m
11/15/66
11/15/67
2.473% Bill
4,404
5y
3-3/8% Bond
3-5/8% Bond
4/3/61
9/II/6I
ly
5y
6y
JO,"
21/
100
1>
1/15/62 - At auction
100 2
3,893
320
V
Reopening
at lOOj
100
4,556
320
lim
47m
ly
466
llm
llm
Tax ant.
(At auction)
ly
3/28/61
'
At auction
100
100
9m
20y
29y
38y
Reopening
6,938
4,195
3,674
2,113
ly
8/15/62-G
3-1/4% Note
J70
5y
-
100
3,674
2,113
252d
7y
22/
ly
5y
11^
8/1/6I-C
5/15/68 - Reopening
lO/l/65-EO
8/
9/12/6O
3-1/8)6 Certificate
3y
7y
100
1,504 22/
ly
9m
2/I5/6I-A
ll/15/64-C - Issued at 99.75
/ 5/15/60
\ 5/15/60
f
749
749 22/
Tax ant.
(Reopening
At auction
.
26/
7,037
3,011
7,037
3,011
6m
4y
100
490
490
ly
4/12/6O
8/1/6O
999
3,216
3.719^ Bill
10/15/59
10/6/59
216d
7/8/59
8/13/59
8/
^
Tax ant.
(Reopening)
3/22/6O
6,082
5,019
749
100
1,273
1,298
1,187
100 i2/
3,503
5,M9
1,273
1,298
1,187
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS,
Table 4.- Offerings of Public Marketable Securities Other TTian
Regular Weekly Treasury Bills - (Continued)
Date subscrlp+
4 ^^_
Vt^^<^1^.-«
December 196)
43
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
23/
24/
25/
26/
27/
28/
29/
30/
31/
32/
33/
34/
3V
2b/
Subscriptions from savings-type Investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $^70 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of enterAll other subscriptions for $5,000 were
ing the subscriptions.
allotted in full. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds was
not less than $5,000.
allotted to Government investment accounts. Savings-type investors
privilege
of paying for the bonds allotted to them in
given
the
were
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
In addition, $100 million of the notes was
less than $100,000.
allotted to Government investment accounts.
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
In addithese minimums were allotted not less than the minimums.
tion, $50 million of the bonds was allotted to Government investment accounts,
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
In addition, $100 million of the notes
on any one subscription.
was allotted to Government investment accounts.
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)8 notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4%. Smaller 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.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds was allotted to Government inaccounts.
vestment
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 was
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes was
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/4% Treasury notes maturing August 15, 1960 (see Table 7, footnote 22). In addition, in order that holders of 3-5/8% Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretar/ 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 32).
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
$100 million from Government investment accounts; both were allotted
25 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 percept.
Subscriptions for $5,000 or less were allotted in full; subscriptions
for more than $5,000 were allotted not less than $5,000.
-
(Continued)
In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $131.3 million of the
3-1/2% bonds of 1980, $215.9 million of the 3-1/2% bonds of 1990,
and $236.5 million of the 3-l/2% bonds of 1998.
38/ 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.
39/ Subscriptions were permitted to be made with payment in cash or in
4-7/8% Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
40/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
41/ 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
accoxints 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.
42/ In addition to the amounts allotted to the public, there was 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.
43/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4% Treasury certificates or 3-5/8% Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 20).
44/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
45/ 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.
46/ 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.
47/ In addition to the amounts allotted to the public, there was 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
3-1/2% bonds of 1990,and $289.5 million of the 3-1/2% bonds of 1998.
48/ 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 than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts,
49/ Includes $2 million allotted to Government investment accounts of the
3-1/4% notes, $4 million of the 3-3/4% bonds of 1966, and $136 million
of the 3-3/4% bonds of 1974.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
51/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
52/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
53/ 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 4% notes.
54/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4% bonds of
1971, $177 million of the 4% bonds of 1980, $218 million of the 3-l/2%
bonds of 1990, and $221 million of the 3-l/2% bonds of 1998.
^J^ Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 22).
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 than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
Includes
$2,166 million allotted to Federal Reserve Banks and Govern^2/
ment investment accounts of the 3-1/4% certificates, $14 million of
the 3-5/8% notes, and $64 million of the 3-7/8% bonds.
Footnotes continued on following page.
37/
^
^
December i96J
45
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
^8/
52/
6 0/
61/
62/
62/
64/
65/
66/
67/
Subscriptions were permitted to be made vith payment in cash or in
the U% notes or 3-l/0> notes, both maturing August 15, 1962 (See
Table 7, footnote 23).
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 organisations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $^,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 jS bonds totaled $6,7^3 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 was allotted to
Government investment accounts.
All subscriptions for the L,-\/lS bonds were allotted in full. In
addition, $50 million of the bonds was 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 was allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the iS bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government Investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the iS bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 milliorl 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 3-7/8% bonds or the 4% 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 $93,000 for the 3-7/8% bonds and $101,325 for the 4% bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $99-85111 per $100
for reoffering to the public.
of face amount for a 4% coupon, resulting in a net basis cost to the
68/
69/
70/
71/
72/
73/
74/
7S;/
76/
77/
78/
79/
80/
p
-
(Continued)
Treasury of 4.008210%, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates and $15 million
of the 3-3/4% bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8% notes,
$29.6 million of the 3-7/8% bonds of 1971, $151.9 million of the 3-7/8%
bonds of 1974, and $123.9 million of the 4% bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public.
The winning bid was $100.55119 per $100
of face amount for a 4-1/8% coupon, resulting in a net basis cost to
the Treasury of 4.093145%, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, and $85 million
of the 3-5/3% notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accoiints.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
1973.
Issued for cash and in exchange for one-year bills maturing October 15,
1963 (see Table 7, footnote 27).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/3% certificates or 4-7/8% notes, both maturing November 15, 1963
(See Table 7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,
1963.
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 $4,307 million and were allotted in full. Subscriptions subject to allotment totaled $15,762 million:
those up to and including
$100,000 were allotted in full; all others were allotted 21 percent but
in no case less than $100,000.
Preliminary.
Treasury Bulletin
A6
PUBLIC DEBT OPERATIONS,
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
47
December 196 J
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued in Advance Refunding Operations -(Continued)
48
December 1961
Table 6.-
49
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills V- (Continued)
(In millions of dollars)
Issue
December 196J
51
PUBLIC DEBT OPERATIONS
Table
T"
7.
DIepoBltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
52
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
of retirement
1/
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
Certificate 2-1/4^ Bond
_
2-3/8S6 Bond
4!f
8/1/58
8/1/58-C
9/15/56-59 6/
3/15/57-59 6/
8/1/57
2/1/44
3/1/52
Total
10/1/58
1-1/255 Note
11,519
3,818
927
11,519
3,818
927
10,634
2,206
660
1,612
16,264
16,264
13,500
2,764
9,833
/ 6,433
-
10/1/58-EO
10/1/53
121
3-3/45S Certificate -
I2/1/58-D
12/1/57
9,833
2-1/2^ Bond
12/15/58
2/15/53
Total
2-1/2^ Certificate
-
2/I4/59-A
2/14/58
1-7/8^ Note
-
2/15/59-A
5/17/54
[3-3/8? Certificate - ll/l5/59-E
- 5/15/61-B
L 3-5/8? Note
2,368
1,277
778
312
('3-3/8? Certificate - II/15/59-E
13-5/8? Note
- 5/15/6I-B
11,789
412
[7,711
l4,078
8,315
579
876
[3-3/4? Certificate Note
.
1 4?
2/15/6O-A
2/15/62-D
3,048
856
]^> 199
[3-3/4? Certificate Note
L4?
2/I5/6O-A
2/15/62-D
14,872
12,798
2,075
1,817
1,269
547
13,500
{I:,152
473
433
13,973
13,745
228
7,711
6,534
871
306
r
2,368
12,201
12,201
9,770
9,770
\
/
5,102
r
5,102
I
Total.
3/24/59
4/1/59
14,872
1-1/2% Certificate
3/24/59-D
8/6/58
3,567
3,567
1-1/25? Note
4/iy59-EA
4/1/54
119
119
5/15/59
1-1/4^ Certificate
5/15/59-B
6/15/58
1,817
5/15/59
3-1/4^ Bill
5/15/59
10/8/58
2,735
2,735
6/22/59
2.9995? Bill
6/22/59
11/20/58
2,997
2,997
8/1/59-C
8/1/58
13,500
1-5/85? Certificate
8/1/59
4^
.
Note
8/1/6I-A
8/1/57
Total
.
9/21/59
2/I6/59
1,502
1,502
10/1/59
1-1/2^ Note
-
10/1/59-EO
10/1/54
99
99
Certificate -
ll/l5/59_E
12/1/58
7,711
11/15/59-B
10/10/58
3-1/2;? Note
11/15/59
-
Total maturities.
Note
45?
8/15/62-B
9/26/57
.Total
1,184
8,894
457
8,365
2,000
2,000
1,684 8/
10,895
6,829
4,163
370
198
109
32
57
11,561
11,134
427
1,269
1,269
928
243
2,406
2,406
1,500
1,500
I/15/6O
3.386;? Bill
I/15/6Q
4/1/59
2,006
2,006 2/
3-3/45? Certificate
2/15/6O-A
2/15/59
11,363
11,363
1-1/2;? Note
4/I/6D-EA
4/1/55
198
11,561
Note
8/15/62-B
9/26/57
159
[4. 075;? Bill
Bill
3/22/60
3/22/6O
7/8/59
7/8/59
3,005
999
4/1/60
1-1/2;? Note
4/1/6O-EA
4/1/55
57
4/15/60
3.8355? Bill
4/15/60
5/11/59
2,003
5/I5/6O-B
5/15/59
5/15/6O-A
2/15/57
p.
719;?
\%
Certificate
3-1/25? Note
10,
V
(
l
159
3,005
999
y
V
57
2,003 2/
038
,086
5/I5/6O
3-1/4? Note
5/I5/6O-B
1/21/59
2,738
2,738
{
I
Total.
6/22/6O
(4.7835? Bill
14.7265? Bill
Footnotes at end of table.
6,413
6/22/60
6/22/60
10/21/59
10/21/59
529
529
5/15/59
3/22/60
223
10,049
12/22/59
4^
504
1,184
3.5655? Bill
2/15/6O
2,002
2,016
6,413
2,002
2,016
11,363 of 3-3/4? Certificate
.1,435 of 4?
Note
I
Certificate -
'4-3/4? Note
4-3/4? Note
32
8,894
10,895
Total.
,128
V
12/22/59
2/15/60
of 3-3/8? Certificate
of 3-5/8? Note
y
13,973
3.293^ Bill
3,300
V
473 i'
9/21/59
'3-3/85?
8/1/59-C
100
I
2/15/59
1-5/8? Certificate -
267
121
I.
12/1/58
885
V
V
(Continued on following page)
282
1,708
734
246
5,787
626
5/15/6O-B
December 1961
53
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securlt les
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
Amount
outstanding
Exchange
security
offered
Cash
retirement
Exchanged
Turned
in for
cash 2/
(In millions of dollars)
6/23/60 11/
2-l/2!8 Bond
11/15/61
2/15/54
11,177
7/15/60
4.728i6 Bill
7/15/60
7/15/59
2,001
8/15/60
4_3/4if Note
8/15/60-C
8/1/59
9,561
10/1/60
1-1/2JE Note
lO/l/60-EO
10/1/55
278
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
12/1/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
10/17/60
12/2/59
2,007
II/15/6O-C
11/15/59
7,037
10/3/60 11/
2-1/2%
2-1/2%
2-1/2%
2-1/2%
Bond
Bond
Bond
Bond
-
-
10/17/60
2,001 2/
4.860% Bill
4-3/4% Certificate
5,751
28
ly
9,561
2,109
.
II/15/6O
2-1/8% Bond
8/15/54
2,343
6,609
3,979
2,007 2/
7,037
3,806
3,806
10,844
10,844
1/15/61
5.067% Bill
I/15/6I
1/15/60
1,504
2/15/61
4-7/8% Certificate
2/15/61
2/I5/6O
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
3/15/61 11/
'2-1/4%
2-1/4%
2-5/8%
2-1/2%
Bond
Bond
Note
Bond
-
-
7/13/6O
3,512
4/1/61
4/1/6I-EA
4/1/56
144
4/15/61
4.608% Bill
4/15/6I
4/15/6O
2,001
4-3/8% Certificate
5/15/6I-B
5/I5/6O
3,674
3,674
3-5/8% Note
5/15/6I-B
12/1/58
4,078
4,078
6/1/61
6/1/11
50
50
3%
10,311
3,000 12/
3,000
6,041
54
|_22
,727
{' 829
2,631
7,753 20/
V
-
6/22/61
2.788% Bill
6/22/61
IO/21/6O
3,504
3,504
7/15/61
3.265% Bill
7/15/6I
7/15/6O
1,501
1,501 9/
8/1/6I-C
8/15/6O
7,829
7,829
Note
8/1/6I-A
8/1/57
2,136
2,136
2-3/4% Bond
9/15/6I
11/9/53
2,239
2,239
1-1/2% Note
IO/1/6I-EO
10/1/56
332
332
12,536
12,536
4%
8/1/6I
Total.
9/15/6I 11/
•
2-1/2% Bond
3/15/65-70
2/1/44
4,688
4,688
2-1/2% Bond
3/15/66-71
12/1/44
2,927
2,927
7,615
7,615
Total.
3,268 18/
144
(Panama Canal loan)
3-1/8% Certificate -
533
2,001 2/
7,753
Bond
262
878
3,512 i/
3/22/61
1-1/2% Note
6/1/61
2,667
1,296
1,177
1,131
2,438
5,000 12/
2.823% Bill
Total.
271
3,670
6,938 12/
3/22/61
5/15/61
6,431
335
1,504 2/
19,436
Total
y^
643
993
16,
4,500 i6/
.
11/15/60
3,781
278
12,473
Total
3,893
320
("3,500 12/
\l,500 12/
V
9/22/6I
2.473% Bill
9/22/6I
4/3/61
1,503
a, 503
IO/I6/6I
3.131% Bill
10/16/61
10/17/60
1,502
1,502 2/
1,273
1,298
1,187
1 3,599
} 1,523
5,122 20/
Description of new
security offered
(See also Table 4)
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
,
December
55
19 6 J
PUBLIC DEBT OPERATIONS.
Table 7.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
9/21/62
Description
2.896? Bill
10/1/62
1-1/2? Note
10/15/62
2.975? Bill
'3-3/4? Note
3-1/4? Note
11/15/62
2-1/4? Bond
2-3/4? Bond
Total.
1/15/63
3.366? Bill
3-1/2? Cert.
2-5/8? Note
2/15/63
3-1/4? Note
Total.
3-1/2? Cert.
2-1/2? Bond
3-1/8? Cert.
3?
3/15/63 11/
3/22/63
-4/1/63
V15/63
5/15/63
1/
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Dlspoeitlon of Matured Public Marketable Securitiee
Other Than Regular Weekly Treasury Bills - (Continued)
December i96J
57
PUBLIC DEBT OPERATIONS
Footnotes to Table 7 -(Continued)
From March 20 through March 22, 1961, owners of 2-1/4^ bonds of June
15, 1959-62, 2-1/4^ bonds of December 15, 1959-62, 2-5/8it notes
maturing February 15, 1963, and 2-1/2^ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8!6 bond due November 15, 1967,
and the last for a new 3-3/8^ bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
20/ 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^ notes. For detail of offering, see Table 4.
21/ Excess of maturing 4-3/8/S 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 43 and 44).
22/ $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
23/ 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 3-1/256 certificates, the $1,500 million
offering of A% bonds, or the $750 million offering of 4-1/4/f
bonds. For detail of offering, see Table 4.
24/ Excess of maturing i,% notes and 3-1/4/f notes over "allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 58 and 59).
25/ FrcBD September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2^ certificates, 2-5/8? notes,
3-1/4)8 notes), and May 15, 1963 (3-1/4% 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 tlie bonds,
26/ Called on August 14, 1962, for redemption on December 15, 1962.
27/ Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
28/ Holders of the maturing certificates and notes were not offered
19/
22/
p
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/8)6 notes. For detail of offering,
see Table 4.
Excess of maturing 3-1/8% certificates and 4-7/8% notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table X, footnotes 78 and 79).
Preliminary.
Note:
Information on retirement of
58
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)
Month of
December 1961
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries
Month of
..
December 196 J
61
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, ig'H,
being sold.
and Series H has been on sale since June 1, I952.
A-D were sold from March
1,
1935, through April 30,
Series F and G were sold from May
1,
igl+l,
30,
1952. Series J and K were sold from May 1,
1952 through
April 30, 1957. Details of the principal changes In Issues,
Series
Interest yields, maturities, and other terms appear In the
igl+l.
Treasury Bulletins of April 195I, May 1952. May 1957, Octo-
through April
and May and October I96I.
ber and December 1959,
Table 1.- Sales and Redemptions by Series, Cumulative through November 30, 1963
(In millions of dollars)
Amount outstanding
Series
Sales
Accrued
discount
1/
Sales plus
accrued
Redemptions
1/
Interestbearing debt
discoilnt
Matured
noninterestbearing debt
Series A-D 2/
Series E and H
Series F, G, J, and K
3,949
117,850
31,951
1,054
19,510
1,273
5,003
137,359
33,225
4,990
90,385
31,285
46,974
1,818
122
Total A-K
153,750
21,837
175,587
126,660
48,793
134
Source:
13
Footnotes at end of Table 4.
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Table 2,- Sales and Redemptions by Periods, All Series Combined
{In millions of dollars)
Amount outstanding
Redemptions 1/
Period
Fiscal years:
1935-1955
1956
1957
1958
1959
I960
1/
Accrued
discount
Sales
price 2/
Accrued
discount
11,075
1,214
1,216
1,226
1,228
1,240
1,286
1,358
1,408
125,324
7,060
6,097
5,896
5,734
5,547
5,749
5,780
5,926
66,681
7,846
8,958
62,173
7,018
8,055
8,5U
7,671
7,249
8,557
5,819
5,716
5,273
6,377
7,542
5,038
4,934
4,482
117,048
5,517
4,605
4,689
4,320
4,350
4,539
4,278
11,680
1,217
1,216
1,235
128,728
6,734
1,221
5,541
5,612
5,861
5,675
65,295
7,419
8,674
6,450
7,763
4,885
846
956
805
1,009
1,262
1,322
1,397
70,179
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,851
881
4,842
4,792
March
525
425
397
138
110
112
663
535
509
558
398
405
April
May
June
414
410
347
107
108
126
521
U6
517
472
408
397
1962
1963
Calendar years:
1935-1955
1956
1957
1958
1959
I960
1961
1962
Months:
1963-January,
February.
.
5,821
5,924
July
August
September,
413
399
347
137
113
115
550
512
462
October, ,
November .
395
333
110
111
4U
.
.
.
505
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
^
4,508
828
903
873
872
1,015
114,249
5,846
4,881
4,670
4,506
4,307
4,464
4,421
4,518
1961
Source:
Sales
Sales plus
accrued
discount
Interestbearing debt
58,365
57,497
54,622
51 ,984
Matured
noninterestbearing debt
277
360
374
364
50,503
47,544
47,514
47,607
48,314
331
624
754
810
57,924
56,293
52,474
51,192
48,154
47,159
47,458
47,535
463
335
345
96
63
60
47,742
47,893
48,021
230
215
191
379
346
336
67
48,113
48,231
48,314
173
165
157
69
48,427
151
394
419
374
335
357
59
48, 549
147
62
48,597
U2
420
341
359
294
61
48,687
48,793
137
134
444
Footnotes at end
781
782
791
62
61
48
Table 4,
280
240
211
157
725
734
686
494
368
335
331
.. ..
.
Treasury Bulletin
62
.UNITED STATES SAV3BGS BOHDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Amount outstanding
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Series E and H combined
Fiscal years:
1941-1955
9,184
1,114
1,133
1961
79,204
5,260
4,613
4,670
4,506
4,307
4,464
1962
1963
4,421
1,331
4,518
1,386
81,720
5,043
4,507
4,689
4,320
4,350
4,539
4,278
9,738
1,124
1,143
1,178
1,169
1,224
1,293
1,372
525
425
397
136
108
110
414
410
347
106
106
124
August.
September.
413
399
347
135
112
October.
November.
395
333
109
110
1956
1957
1958
1959
I960
Calendar years:
1941-1955
1956
1957
1958
1959
I960
I96I
1962
Months:
1963-January.
February.
March. .-.
April.
.
.
May
June
July
.
.
1,161
1,174
1,194
1,254
114
88,387
Sales
price
^
Accrued
discount
In teres t-bearinf^
^
debt
Matured
noninterestbearing debt
,..,.
,
'
December 196 J
63
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
fContlnued)
{In millions of dollars)
Redemptions 1/
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
2/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
19^1-1955
1956
1957
1958
1959
I960
1961
1962
1963
Calendar years:
19^1-1955
19^6
1957
19S8
1959
I960
77,019
i,219
3,919
3,889
3,688
3,603
3,689
3,67i
3,914
9,184
1,114
79,03i
4,U2
3,875
3,802
3,598
3,632
3,711
3,62i
1961
1962
191
37,186
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
278
212
199
37,510
38,087
37,885
38,206
37,748
37,597
38,140
38,587
49,016
4,622
45,883
3,133
3,961
661
1,133
1,161
1,174
1,194
1,254
1,331
1,386
86,203
5,333
5,052
5,049
4,862
4,797
4,943
5,005
5,300
4,981
4,951
4,248
4,196
4,092
4,295
3,673
3,613
732
755
797
886
3,461
742
9,738
1,124
1,143
1,173
1,169
1,224
1,293
1,372
88,772
5,266
5,018
4,979
4,767
4,856
5,003
4,996
51,262
4,689
5,220
4,658
5,225
4,729
4,249
4,349
47,811
4,018
4,437
3,931
4,342
3,935
3,546
3,595
3,452
670
783
727
883
794
703
754
576
458
332
337
368
272
279
90
60
57
24
480
458
16
17
38,680
38,812
38,916
385
349
320
289
278
65
60
59
19
18
16
38,983
39,089
39,166
311
67
21
279
17
16
39,262
39,378
39,431
59
17
13
39,519
39,630
4,889
5,181
4,394
4,343
4,203
721
731
201
188
219
Months:
1963-January
February
March.
.
.
.
UO
.
372
.
347
136
108
110
365
367
306
106
106
124
471
360
358
308
135
112
lU
495
469
421
378
337
352
291
58
60
348
297
109
110
457
407
352
283
293
237
46
.
April
May
June
July
August.
September.
.
October,
November
Fiscal years;
1952-1955
,
.
.
,
473
430
337
. .
Treasury Bulletin
64
.UNTIED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured
Period
Unmatured
Unclassified
Total 1/
Series E
and H
Other
Fiscal years:
6,137
5,109
1951
1952
1953
195i
1955
1956
1957
1958
1959
I960
5,621
1,761
6,515
2,747
7,251
3,941
7,846
8,958
4,263
4,115
3,730
8,5U
7,2A9
8,557
1961
5,819
5,716
5,273
1962
1963
817
792
3,621
4,126
2,673
2,593
2,250
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
Calendar years:
1951
5,651
1952
1953
195i
1955
1956
1957
1958
1959
1960
5,07A
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
254
968
1,328
1,500
2,047
241
March
558
398
i05
179
206
138
155
148
April
May
June
U6
408
397
173
182
152
118
155
128
145
175
6,H9
6,985
7,301
8,26i
9,630
7,255
8,772
6,732
5,595
5,602
1961
1962
Months:
1963-January
February.
.
AU
1,891
2,084
1,691
2,433
1,944
1,633
1,656
July
August
September,
394
419
U5
120
154
123
October. .
November.
420
341
171
142
147
120
779
Total
Series E
and H
10/
December
19 6 J
65
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
.
.
.
.
.
.
,.
,,
.
Treasury Bulletin
66
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Eetlmated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
End of
month
Total
Federal
securities
outstanding 2/
U.
Commercial
banks
2/
S.
Federal
Reserve
Banks
Government investment
accounts
Individuals 4/
Savings bonds
Total
Total
Series
E and H
Other
series
^
Other
securities
Insurance
companies
Mutual
savings
banks
State
and
local
tions 6/
governments
Corpora-
Foreign
and international
2/
1939-
47.6
15.9
2.5
6.5
22.7
10,1
1,9
8.2
6.3
3,1
2,2
.4
1940- June.
Dec...
48.5
50.9
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10,1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2,1
2,0
.4
.5
.2
.2
19a- June.
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
1.1
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.2
Dec...
1942- June .
Dec...
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53,0
17.8
23.7
3.7
6.9
5.4
9.2
11.3
3.9
4.5
4.9
10.1
.9
6.5
8.7
10.3
1,0
.4
,8
1943- June.
Deo...
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
67,0
81,7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2.1
1.3
1.5
19W- June
Dec...
202.6
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17,3
19.6
7.3
8.3
20,2
21,4
3.2
4.3
1.4
1.7
1945- June.
Dec...
259.1
278.7
84.2
90.8
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
2.0
2.4
1946- Feb. 2/
June.
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29,1
30,9
135.1
132.6
130,7
64,1
63,3
64,2
30,8
30.4
30.3
12.5
13.1
13.9
20.8
19,9
20,1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.4
2.2
2.1
258.4
257.0
70.0
68.7
21.9
22.6
32,8
34,4
133.7
131.3
66,6
65,7
30,8
31,0
14.7
15,2
21,1
19.4
24.6
23,9
12.1
12.0
13.7
14.1
7.1
7.3
3.4
2.7
252.4
252.9
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65,5
31.6
32.2
15.5
15.6
18.6
17.6
22,8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
2.6
2.8
252.8
257.2
63.0
66.8
19.
18,
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
2.9
2.9
1950- June
Dec...
257.4
256.7
65.6
61.8
18.3
20.8
37.3
39.2
135.6
134,9
67.4
66.3
34.5
34.5
15,4
15,1
17.6
16.7
19.8
18.7
11,6
10,9
18.4
19.7
8.7
3.5
4.3
1951- June.
Dec...
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132,9
131,8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.
16.
10,2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
1952- June.
259.2
267.4
61.1
63.4
22.9
24.7
U.3
"130,8
45,9
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
266.1
275.2
58.8
63.7
24.7
25.9
47,6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15,4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
16.6
19.2
13.9
14.4
6.0
6.3
274.4
280.8
63.5
62.0
23.6
24.8
50,5
51,7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14,8
14,5
15,0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
7.5
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12,7
12.5
7.9
7,6
16.8
18.6
16.8
16.6
7.6
7.6
276.4
283.0
65.3
67.5
25.
26.
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15,7
15,3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
6.5
7.7
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18,3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
1960- June.
Dec...
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149,3
145,8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11,9
,6
21.2
20.1
18.8
18.7
12.3
13.0
1961- June
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143,3
145.9
63,1
65.0
43.6
44.2
2.5
2.2
17.1
18.5
11.4
11.4
.3
20.0
19.7
19.3
18.7
12.7
13,4
298.6
298.3
302.3
300.0
302.6
305.9
304.0
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
65.0
64.5
64.5
64.6
65.9
65.4
66.5
66.0
29.7
29.8
30.4
29.8
30.2
30.5
30.8
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
56.5
55.5
57,1
56,4
56.1
57.9
55.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
147.6
148.5
150.4
149.1
150.4
152.1
151.1
153.1
154.4
153.6
154,0
154.4
152.6
153.5
155.1
154.4
155,0
65.0
65.4
65.5
65.7
65.6
65.7
65.9
66.3
66.5
67.2
66.5
66.2
66.3
66.5
66.6
66.9
66.7
44,6
44.7
44,8
44.9
2.0
2.0
2.0
2.0
1.9
1.9
1.8
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1,4
1,4
18.3
18.6
18.7
18.9
18.8
18.9
19.0
19.4
19,4
19,9
19.2
18.8
18.8
11.3
11.5
11.5
11.4
11.5
11.5
11.5
11.5
11.4
11.2
11.1
11.0
10,8
10.9
10.9
11.0
,3
19.6
20.0
21.1
19.0
19.9
21.8
20.0
21.0
21.6
20.7
19.7
19.9
19.9
19.8
19.6
19.3
19,5
19,9
19.9
20.1
20.6
20.6
20,8
21,0
21.3
21.0
20,8
14,1
14.2
14.6
15.1
15.4
15.4
15.3
15,3
15,2
15.4
15,6
15,9
15,8
15,7
16,0
16.0
16.3
.
Dec.
1947- June.
Dec.
1948- June.
Dec.
1949- June.
Dec.
.
Dec.
1953- June.
Dec.
1954- June
Dec.
1955- June .
Dec,
1956- June.
Dec.,
1957- June.
Dec.,
1958- June.
Dec.
1959- June,
Dec.
.
Dec,
1962- June.
July..
Aug...
Sept..
Oct...
Nov...
Dec.
1963- Jan.
.
Feb...
Mar...
Apr
May...
.
.
June...
July.
Aug.
Sept..
Oct. p.
.
65.
63.
64.
63.
63.
62.
60.
62,
62
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
.2
U.9
45.0
45.1
45.3
45.5
45.6
45.7
45.8
46.0
46,1
46.2
46,3
46,4
^
^
A/
7/
S/
^
18.9.
18.9
19.1
18.9
11,0
3
1
3
3
3
,1
1
6.1
6.1
6.1
6.3
6.1
6.1
6,1
6.1
6.1
6.0
5,8
21.0
22.2
20.2
20.7
21.6
20.1
20.9
.4
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak,
Preliminary.
p
67
December 196 J
.TREASURY SUESTEY OF OWNERSHIP, XTOBER 31, 1963The monthly Treasury 3urvey of Ovmershlp covers secu-
rities Issued by the United States Government and by Federal agencies.
The banks and Insurance cofflpanles Included
In the Survey currently account for about $0 percent of all
The similar
Buch securities held by these Institutions.
proportion for corporations and for savings and loan asso-
ciations Is 50 percent, and for State and local governments,
Data were first published for banks and In60 percent.
surance companies In the May
Section
I
194^1
corporations and savings and loam associations In the September i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June JO and December 3I. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March
195!^
Bulletin.
Treasury Bulletin, for
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
68
Treasury Bulletin
.TREASURY SUIWEI OF OWNERSHIP, OCTOBER 31, 1963.
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)
.
69
December 196 J
.TEEASDKC
SUWET OF OWNERSHIP, OCTOBER 31,
1963-
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)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
Issue
Treasury bonds 3-1/2
3-1/4
4-1/4
4
4-1/8
3-1/2
3
3-1/2
Feb.
Nov.
May
Aug.
May
May
Feb.
Feb.
Nov.
(
Continued)
1980.
1930.
1985
1987-92.
1988-93.
1989-94.
1990....
1995....
1998....
Total Treasury bonds.
Guaranteed securities S/
Total public marketable
securities
Footnotes at end of Table 4.
6,088
commercial
banks
E/ 2/
506
mutual
savings
banks
301
life
2/
496 fire,
casualty,
and
marine
:
52
183
393
162
103
38
77
124
46
417
147
524
964
160
1,084
84
29
86,439
24,521
4,323
4,350
2,803
704
57
130
206,051
53,962
5,631
2,610
1,914
1,130
365
250
1,560
4,911
2,521
4,451
72
96
10
161
93
162
41
9
10
4,881
57
51
26
1
2
10
29
488
savings
and loan
associations
.
.
.
70
Treasury Bulletin
.TREASDEY
Section
SmTEI OF OWNERSHIP, OCTOBER
31, 1953.
Interest -Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
II
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 9/
Issue
Insurance companies
6,088
commercial
banks
2/ 2/
Banks for cooperatives
3.20? Dec.
1963
(Debentures).
3-5/8 Feb. 1964 (Debentures).
3.80
Apr.
1964 (Debentures).
158
185
182
51
60
Total banks for cooperatives....
526
171
506
mutual
savings
banks
2/
301
life
496 fire,
casualty,
and
marine
488
savings
and loan
associations
State and local
governments
470
corporations
295
general
funds
185
pension
and retirement
funds
U. S. Government investment accounts
and Federal
Reserve Banks
Held by
all
other
investors ^/
:
Federal home loan banks
10/
3.20* Jan.
1964 (Notes)
3.25
Feb.
1964 (Notes).
3.85
Feb.
1964 (Notes).
Mar.
3.40
1964 (Notes).
Apr.
3.30
1964 (Notes).
3.70
May
1964 (Notes).
3-1/2 June 1964 (Notes)
3.95
July 1964 (Notes).
3.90
Aug.
1964 (Notes).
3-1/2 Oct. 1964 (Bonds)
3-3/4 Sept. 1965 (Bonds).
60
5
14
24
17
19
~41~
14
70
74
29
1
66
67
10
210
33
45
24
98
124
32
4
:
.
Total Federal home loan banks...
Federal intermediate credit banks
Debentures)
320
265
300
275
435
330
326
413
300
460
175
76
113
122
111
99
77
188
62
3,599
1,140
232
2,139
559
104
147
215
90
160
115
150
108
193
72
180
174
22
84
27
44
22
27
10
15
10
13
13
20
6
101
92
98
4
3
13
22
1
2
32
10
17
25
3
5
13
4
12
9
14
42
2
7
9
12
30
21
2
6
22
16
3
17
14
66
124
13
82
62
42
92
3
2
4
79
5
150
123
107
165
141
110
12
4
5
1
10
1
69
49
1,301
9_
642
139
93
127
14
;
(
Federal land banks:
11/
4-1/2* Apr. 1964
(Bonds).
3-7/8 Aug. 1964
(Bonds).
Oct.
4
1964
(Bonds)
Oct.
4
1965
(Bonds).
Dec.
4
1965
(Bonds).
3-5/8 Feb. 1966
(Bonds)
3-1/4 May
1966
(Bonds)
4-1/4 'July 1966
(Bonds).
4-1/8 Feb. 1967- 72 (Bonds).
May
4
1967
(Bonds).
4-1/8 Oct. 1967
(Bonds).
4-1/2 Oct. 1967- •70 (Bonds)
4-1/4 Mar. 1968
(Bonds).
4
June 1968
(Bonds)
4-3/8 Mar.
1969
(Bonds)
4-5/8 July 1969
(Bonds)
5-1/8 Feb.
1970
(Bonds).
3-1/2 Apr. 1970
(Bonds)
5-1/8 July 1970
(Bonds)
3-1/2 May
1971
(Bonds).
3-7/8 Sept. 1972
(Bonds)
4-1/8 Feb. 1973- 78 (Bonds).
4-1/2 Feb. 1974
(Bonds).
.
.
.
94
2
98
4
18
2
2
4
3
90
45
90
73
3
3
18
4
10
2
»
a
51
13
3
9
54
16
1
7
1
75
4
3
2
86
186
100
5
55
4
16
1
.
.
.
.
Total Federal land banks.
Federal National Mortgage
Association ;
4-1/8* Nov. 1963 (Debentures).
3-5/3 May
1964 (Debentures).
Sept. 1964 (Debentures).
4
3-7/8 Dec. 1964 (Debentures).
4-3/8 June 1965 (Debentures).
3-3/4 Mar. 1966 (Debentures).
4-1/8 Dec.
1966 (Debentures).
3-5/8 Mar. 1968 (Debentures).
4-3/8 Apr.
1969 (Debentures).
4-5/8 Apr. 1970 (Debentures).
4-1/8 Sept. 1970 (Debentures).
4-1/8 Aug. 1971 (Debentures).
4-1/2 Sept. 1971 (Debentures).
5-1/8 Feb.
1972 (Debentures).
4-3/8 June 1972 (Debentures).
4-1/4 June 1973 ( Debentures)
4-1/2 Feb. 1977 (Debentures).
60
82
83
85
60
91
52
44
43
4
.
.
13
104
55
97
92
58
74
99
4
5
6
1
3
1
1
3
7
3
11
7
«
1
5
1
4
2
3
1
3
2
13
30
47
55
56
67
109
148
155
16
9
10
2,834
546
208
92
94
144
13
22
32
31
14
40
15
16
7
4
5
2
7
7
14
9
5
7
5
7
6
111
98
108
93
87
88
38
6
9
3
30
14
6
4
22
69
68
30
15
4
4
1
9
26
5
6
1
5
4
11
3
2
3
13
12
8
2
63
5
98
100
100
146
198
3
5
4
4
9
6
14
1
8
13
10
146
119
1
4
2
3
1
1
7
11
3
1
35
89
109
97
9
9
22
56
47
73
56
63
39
58
38
60
103
85
46
78
73
69
105
126
Total Federal National Mortgage
Association
1,884
Tennessee Valley Authority
Short-term notes
4.40* Nov. 1985 (Bonds).
4-5/8 July 1986 (Bonds).
4-1/2 Feb. 1987 (Bonds).
230
19
1,176
;
Total Tennessee Valley Authority.
Footnotes on preceding page.
25
50
50
45
23
15
24
16
20
25
17
Is'
71
December 196 J
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 29, 1963
Current market quotations Bhown here are over-the-
counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury,
Outstanding Issues which are guaranteed by the United
States Government are excluded.
Table 1.- Treasury Bills
Amount outstanding (millions)
13-week
Bank discount
Issue date
Maturity
date
26-week
13-week
26-week
Bid
Change from
last month
Bank discount
Amount outstanding
(millions)
.24%
1/2/64
1/9/64
1/16/64
1/23/64
1/30/64
3.28
3.31
3.36
3.39
3.44
.16
.14
.11
.09
.04
8/8/63
8/15/63
8/22/63
8/29/63
2/6/64
2/13/64
2/20/64
2/27/64
3.47
3.49
3.49
3.50
.04
.03
.06
.06
9/5/63
9/12/63
9/19/63
9/26/63
3/5/64
3/12/64
3/19/64
3/26/64
3.51
3.52
3.52
3.54
.06
.05
.06
1 800
801
801
799
9/5/63
9/12/63
9/19/63
9/26/63
6/6/63
6/13/63
6/20/63
6/27/63
12/5/63
12/12/63
12/19/63
12/26/63
1,301
1,301
1,300
1,302
1,300
800
800
800
800
800
10/3/63
10/10/63
10/17/63
10/24/63
10/31/63
7/5/63
7/11/63
7/18/63
7/25/63
3/1/63
1,301
1,302
1,202
1,201
901
900
901
900
1/
1/
1/
1/
11/7/63
11/14/63
11/21/63
11/29/63
902
900
901
900
1/
1/
Bid
Change from
last month
Regular weekly bills - 26 weeks
3.08%
3.07
3.05
3.00
1,300
1,301
1,301
Maturity
date
J_
Regular weekly bills - 13 and 26 weeks
$1,301
Issue
date
.25
.28
.28
10/3/63
10/10/63
10/17/63
10/24/63
10/31/63
4/2/64
4/9/64
4/16/64
4/23/64
4/30/64
3.58%
900 1/
800
800
800
801
800
802
11/7/63
11/14/63
11/21/63
11/29/63
5/7/64
5/14/64
5/21/64
5/28/64
3.64
3.64
3.64
3.64
$898 1/
3.59
3.60
3.61
3.61
-.02%
-.01
.00
+.01
+.01
Tax anticipation bill
1/
1/
Footnotes at end of Table 4.
$2,001
3/23/64
3.51%
-.05%
3.35%
3.59
3.64
3.65
3.66
3.67
3.68
.10%
Other bills
$2,496
.05
10/15/63
2,501
1,998
1,001
1,002
1,000
2/
1/15/63
4/15/63
7/15/63
9/3/63
10/1/63
11/4/63
12/3/63
1/15/64
4/15/64
7/15/64
8/31/64
9/30/64
10/31/64
11/30/64
.01
.04
.04
.05
.02
72
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 29, 1963
Table 4.- Treasury Bonds
December 196 J
73
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 29, 1963
?
,
.
.
Treasury Bulletin
74
.AVERAGE YIELDS OF LOHG-TEFM BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Period
Treasury
bonds 2/
2.46
2.47
2.48
2.37
2.19
2.25
2.44
1942
1944
1945
1946
1947
1948
Moody's Aaa
Moody's Aaa
Treasury
corporate
Period
corporate
bonds 1/
bonds
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
Monthly series
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.66
2.62
2.86
Treasury
bonds 1/
Aaa
corporate
bonds
1957
3.77
3.67
3.66
3.67
3.74
3.91
May
3.34
3.22
3.26
3.32
3.40
June
3.58 2/
July
August. ..
September
October,.
November.
December.
3.60
3.63
3.66 2/2/
3.73
3.57 2/
3.30 2/
3.99
4.10
4.12
4.10
4.08
3.81
January,
Febrxiary,
March, .,
April,, .
May
June
July
,
September
October,
November.
December.
Period
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Period
1962.
Moody's
Treasury
bonds 1/
Treasury
bonds 1/
Aaa
corporate
bonds
1959
3.91 2/
3.92
3.92
4.01
4.08
4.09
3.36
3.89
3.79
4.38
4.41
4.35
4.32
4.11
4.10
4.26
4.11 2/
4.12
4.27
Moody's
Treasury
bonds 1/
Aaa
corporate
bonds
1%1
4,12
4.13
4.23
4.37
4.46
3.89
3.81
3.78
3.80
3.73
3.88
4.27
4.33
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
3.89
3,88
3.90
3.86
3.79
3.84 2/
3.91
3.93
3,88
4.41
4.28
4.25
4,30
4.31
4,35
.02
1958
Axigust .
3.08
3.47
3.43
4.08
4.02
3.90
3.95
1%0.
1%1.
3.20
2.90
3.06
Moody' s Aaa
corporate
bonds
averages of daily series
Treasury
bonds 2/
January.
February.
March. ...
April, ...
1956.
1957.
1958.
1959.
2.%
Moody's
Period
Treasury
bonds 1/
4.U
4.32
4.27
4.22
4.25
1960
Moody' s Aaa
corporate
bonds
Moody's
Treasury
bonds 1/
1963
3,89 2/
3.92
3.93
3.97 g/
3.97
4.00
4.01
3.99
4.04
4.07
4.11
Aaa
corporate
bonds
4.21
4.19
4.19
4.21
4.22
4.23
4.26
4.29
4.31
4.32
4.33
1962
.98
.94
.89
.87
.87
4.42
4.42
4.39
4.33
4.28
4.28
2/
4.34
4.35
4.32
4.28
4,25
4.24
ireasury
bonds 1'
Mooay 3 A
corporate
bonds
75
December 196 J
,
AVERACa; YIELDS OF LONG-TERM BONDS
ft
I
Oi
c
<:>
-J
s>
o
s:
c
3
to
.§.
I
o
«>
«>
r
I
I
£
B
f
31
....
,
Treasury Bulletin
76
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money 2/
Total
End of fiscal
year or month
money in
circulation 1/
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
Total
paper
money
Gold
certificates
34
33
33
32
9U
28,372
28,767
29,040
29,071
29,699
1960
19tl
1962
1963
32,065
32,i05
33,770
35,470
29,726
29,943
31,117
32,592
1962-December.
35,338
32,557
1963-January
February
March
3A,093
34,286
34,513
31,334
31,513
31,718
20
34,645
35,067
35,470
July
August. .
September.
October.
April
May
June
.
.
.
.
.
.
.
.
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
National
bank
notes
31
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
147
133
120
110
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
100
92
78
53
37
2,001
315
30,102
81
38
20
1,859
1,848
1,842
303
310
313
29,033
29,218
29,426
79
37
37
37
31,818
32,216
32,592
20
20
20
1,844
1,854
1,847
314
320
319
29,523
29,906
30,292
79
78
73
37
37
37
35,663
35,850
35,891
32,759
32,924
20
20
32,9U
1,823
1,805
1,816
318
317
316
30,484
30,667
30,678
78
78
77
37
20
36,177 2/
33,217
20
321
30,941 &/
76
37
20
V
1,822
y
Coin
End of fiscal
year or month
Federal
Reserve
Bank
notes
2,170
2,148
2,162
2,200
2,155
31,
.
Silver
certificates
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
67
64
62
59
57
56
54
85
37
37
Money in
circulation
per capita
(in dollars) T/
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
182.90
182.64
181.52
179.08
130.20
1960
1961
1962
1963
2,338
2,462
2,652
2,878
305
329
360
411
1,484
1,548
1,663
1,790
549
535
629
676
177.47
176.45
130.98
187.40
1962-December.
2,781
385
1,739
658
137.91
1963-January,
February.
March
2,759
2,773
2,795
387
391
395
1,716
1,724
1,739
656
658
662
181.09
181.94
182.96
2,827
2,850
2,878
400
405
411
1,759
1,774
1,790
668
672
676
133.46
135.48
187.40
July
August.
September.
.
2,904
2,926
2,947
420
428
432
1,803
1,812
1,824
682
.
685
690
138.17
188.90
188.86
October.
.
2,960
436
1,829
696
190.13
.
April
May
June
Circulation Statement of United States Money.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasury:
Gold certificates
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes.
The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U.S.C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C. 445 note),
and th5 national bank notes since December 23, 1915 (12 U.S.C. 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U.S.C. 912-916). The
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
been destroyed or lost, and to reduce the amounts thereof on the
books of the Treasury:
Gold certificates issued before January 30,
1934; silver certificates, United States notes. Federal Reserve Bank
Source:
1/
2/
2/
4/
y
6/
7/
»
notes, and national bank notes all issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
Accordingly, the Secretary of the Treasury has determined
of 1390.
that the following paper currencies have been destroyed or irretrievaOn October
bly lost and so will never be presented for redemption:
20, 1961, $1 million of Treasury notes of 1890; and on August 27,
1962, $9 million of gold certificates, $15 million of silver certificates, $18 million of Federal Reserve notes, $1 million of Federal
Reserve Bank notes, and $15 million of national bank notes.
Highest amount to date.
Issued prior to January 30, 1934.
Includes $15 million issued before July 1, 1929.
Includes $13 million issued prior to the series of 1928.
Based on the Bureau of the Census estimated population. Through
fiscal 1958 the estimated population is for the conterminous United
States (that is, exclusive of Alaska, Hawaii, and the outlying areas
Beginning with
such as Puerto Rico, Guam, and the Virgin Islands).
fiscal 1959 the estimates include Alaska, and with fiscal 1960, Hawaii.
Less than $500,000.
\
.,,.
, ,
December 196 J
77
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
End of fiscal
year or month
Ratio of silver to
gold and silver in
monetary stocks
(In percent)
Silver
(#1.29+ 'per
fine ounce)
(*35 per
fine ounce)
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6
19,322.2
17,550.2
16,435.2
15,733.3
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
15.3
X5.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
1962-Deoember.,
15,978.1
4,318.2
21.3
1963-January. .,
February,
15,928.0
15,877.9
15,877.5
4,318.2
4,318.5
4,318.4
21.3
21.4
21.4
15,876.9
15,797.4
15,733.3
4,317.9
4,316.4
4,315.2
21.4
21.5
21.5
July
August
September.
15,632.9
15,581.9
15,581.6
4,313.9
4,313.5
4,311.5
21.6
21.7
21.7
October.
15,582.9
4,298.2
21.6
1955
1956
1957
1958
1959
1960
1961
1962
1963
,
March
April..
.
.
May
June
,
.
.
.
,
.
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)
End of calendar year or month
Gold assets 1/
1957
1958
1959
1960
1961
1962
1963-January..
February.
March
April
May
June
July
August.
September.
.
October.
.
.
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 (l) 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
Balance of gold in
Treasurer's account
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
491.2
491.2
508.1
396.1
105.4
101.0
117.8
126.0
15,928.0
15,877.9
15,877.5
15,816.2
15,750.8
15,762.5
111.
127.
115.
15,876.9
15,797.4
15,733.3
15,750.6
15,680.4
15,613.3
126.
116.
120.
15,632.9
15,581.9
15,581.6
15,582.9
15,502.3
15,447.5
15,464.5
130.6
134.4
117.0
15,466.4
116.6
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9
17,766.6
16,889.0
15,978.1
1955
1956
Liabilities:
Gold certificates,
etc. 2/
2/
y
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.G. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table
footnote 13).
3,
6
.
,. .
.
78
Treasury Bulletin
MONETARY STATISTICS.
Table 4.- Components of Sliver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
1955
1956
1957
Securing silver certificates 1/
Silver
bullion 2/
2,208.9
2,212.9
2,245.0
2,251.i
2,252.1
2,237.5
2,139.1
1958
1959
1960
1961
1962
Silver
dollars
In Treasurer's account
Subsidiary
coin
Silver
bullion 4/
^
Silver outside
Treasury
Silver
dollars 1/
Subsidiary
coin 2/
Total
silver
at #1.2'^
per fine
ounce
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
15.7
2.3
8.2
14.9
3.2
2.6
3.6
3.4
17.9
63.0
92.3
148.3
127.4
88.2
24.2
29.7
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4,375.6
4,308.6
4,318.2
8.1
8.0
5.4
30.7
29.6
31.3
396.8
398.2
404.8
1,764.0
1,778.2
1,781.6
4,318.2
4,318.5
4,318.4
6.8
10.3
27.8
28.2
26.8
408.5
416.4
420.3
1,794.8
1,808.8
1,821.0
4,317.9
4,316.4
4,315.2
1963-January.
February,
March.
2,126.2
2,112.0
89.7
88.1
81.6
April ....
May
June ....
2,101.6
2,083.5
2,078.4
77.6
69.7
65.8
July
August
September
2,071.9
2,052.5
2,039.9
56.4
48.2
45.5
6.1
3.9
28.5
31.6
32.7
429.6
437.6
4A0.2
1,824.5
1,839.7
1,852.1
4,313.9
4,313.5
4,311.5
October.
2,022.3
42.8
4.9
33.1
443.0
1,855.4
4,298.2
.
.
Source:
1/
2/
.
.
.
2,
Hi.
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 Oovernraent
3.9
3.9
i/
/^
Valued at tl.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.
8
..
,
s
December 196J
79
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January
1,
1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
1935
Seigniorage
on coins
( silver
and
minor) 2/
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June U, 1934)
18.5
40.1
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
1,146.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
Silver Purchase Act
of June 19,
193i 2/
Nationalized
silver
Proclamation
(Proc. of
Aug. 9, 193i)
1933
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
833.7
833.7
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
1,150.1
1,152.7
1,156.9
48.7
48.7
48.7
1,160.6
1,163.4
1,167.7
July
August., .
September.
October.
November.
193d
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963-January
February.
March
.
.
April
May
June
,
.
.
of Dec. 21,
Acts of
July 6, 1939 and
July 31, 19i6
y
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer'
account 4'
34
34.7
34.7
87.6
87.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
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
1,172.5
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.4
17.4
43.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.4
17.3
17.3
1,170.0
1,173.7
1,178.8
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.3
17.3
1,185.1
1,189.7
4f.7
48.7
833.7
833.7
34.7
34.7
87.6
87.6
167.9
167.9
1,172.5
1,172.5
17.4
17.4
48.
48.
48.
48.
48.
48.
Bureau of Accounts.
Source:
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
34.
34,
34.
34.
34.
lb.
3^.0
58.0
74. S
.57.3
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
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
An act approved June 4, 1963 (77 Stat. 54) repealed the Silver
Purchase Act of 1934, the silver purchase provisions of the act of
July 6, 1939, and the act of July 31, 1946.
4/ The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
3/
.
.
.
..
.
.
Treasury Bulletin
80
,
1
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings
End of calendar
year or month
1953.
Foreign
currency
holdings 2/
Total 2/
Treasury
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
22,357
1958.
1959.
1960.
1961.
1962.
20,582
19,507
17,804
17,063
16,156
20, 534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
1962- November.
December.
16,216
16,156
15,977
15,978
16,014
16,057
202
99
1963- January
February.
March
April
May
June
July
August. ...
September.
October.
November p.
16,102
16,023
16,078
16,046
16,009
15,956
15,764
15,725
15,788
15,910
15,781
15,928
15,878
15,878
15,877
15,797
15,733
15,633
15,582
15,582
15,583
15,583
15,974
15,891
15,946
15,914
15,854
15,830
15,677
15,633
15,634
15,640
15,610
128
132
132
132
155
126
19 5i.
.
.
.
.
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on November 30,
1963, these two amounts totaled $1,037.1 million.
Under appropriate
circumstances the United States could draw an additional aoount equal
to the United States quota.
Note:
1/
2/
y
p
87
92
154
270
171
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of November 30, 1963,
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.
Table 2.- U.S. Treasury Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Total
Austria
Belgium
Germany
Italy
Switzerland
Canada
(Dollar equivalent, in millions)
1962.
1962-October..
November.
December.
1963-January
February.
.
March.
.
.
April.
May. .
June.
July
August ....
September.
Italy
251
200
51
48
25
23
201
251
150
200
51
51
100
200
200
200
200
200
81
81
81
183
183
183
125
125
125
58
58
58
381
431
481
551
605
605
655
705
705
Sweden
(In millions of dollars)
25
25
25
30
30
200
200
200
200
200
200
126
150
150
183
183
183
125
125
125
58
58
58
25
25
25
30
30
30
225
275
275
200
200
175
175
175
208
163
163
125
125
125
58
25
200
13
13
25
25
200
200
175
175
163
163
125
125
13
13
25
25
October
705
25
30
275
705
November p
25
30
275
Note:
For complete information on U. S, Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
"
81
December 1961
CAPITAL MOVQffiNTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193'*. Executive Order IOO33 of February S, 19^+9 and Treasury regulations
,
Information on the principal types of
data and the principal countries Is reported monthly, and Is
published monthly In the "Treasury Bulletin." Supplementary
Reports by banks,
Information Is published less frequently.
promulgated thereunder.
bankers, securities brokers and dealers, and nonflnanclal
business concerns In the United States are made Initially to
the Federal Reserve Banks, which forward consolidated figures
These statistics are consolidated by the
to the Treasury.
Treasury and published as promptly as possible.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
countries. The data reported to and published by the Treasury
Department exclude entirely the Intercompany capital transactions of buelneea enterprises In the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
Data on the
business firms to the Department of Commerce.
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
Certain capital transexcluded from the Treasury reports.
actions not effected through reporting Institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports. Consolidated data on all
The reporting forms and Instructions used In the collecnumber of times.
tion of the statistics have been revised a
types of capital transactions are published by the Department
States
of Commerce in Its regular reports on the United
reports
The most recent revision became effective with
description
detailed
A
3I
May
1963-1/
of
as
data
covering
of the content of the statistics, Including the changes
balance of payments.
.
Instituted, appeared In the July 1963 Issue of the "Treasury
As a result of changes In presentaBulletin," pages 79-Sl.
tion Introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Basic definitions
reports
The term "foreigner" as used In the Treasury
outside
domiciled
covers all institutions and Individuals
domiciled
the United States, Including United States citizens
United
of
offices
and
abroad and the foreign subsidiaries
governments,
central
the
States banks and business concerns;
of foreign
central banks, and other official institutions
regional
and
International
and
countries, wherever located;
ort'anizatlons,
wherever located.
The liabilities data exclude nonnegotlable, noninterestbearlng special notes of the United States held by the InterAmerican Development Bank and the International Development
Association.
The securities transactions data exclude nonmarketable
U.S.
U.S. Treasury notes, foreign series, and nonmarketable
"International
(see
series
currency
foreign
Treasury bonds,
Financial Statistics" section, Table 2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in the "Treasury Bulletin" In three
Section I provides a summary of the principal data
sections.
perlor.;
by period; Section II presents data by country and by
availlatest
and Section III shows detailed breakdowns of the
able preliminary data.
I
In general, data are reported opposite the foreign
domicountry or geographical area in which the foreigner is
foreign
of
agencies
or
branches
to
Data pertaining
ciled.
to
official Institutions are reported opposite the country
to
which the official Institution belongs. Data pertaining
opposite
reported
are
organizations
regional
international and
regional," or
the classification "International," "European
for the
except
appropriate,
as
regional,"
"Latin American
Fund,
European
the
and
Settlements
Internatlcnal
Bank for
Western
which are Included In the classification "Other
Europe.
"Short-term" refers to obligations payable on demand
without
or having an original maturity of one year or less,
obligations
to
refers
"long-term"
deduction of any offsets,
original maturity of more than one year, and Inhaving
an
cludes securities having no contractual maturity.
V
Section IV presents supplementary data In five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
August,
concerns, Is published quarterly In the February, May,
gold
estimated
Table
2,
and November Issues of the Bulletin.
Interand
countries
reserves and dollar holdings of foreign
March,
national institutions. Is published quarterly In the
credit
foreign
Table
3,
June, September, and December Issues.
serrlannually
and debit balances In brokerage accounts, appears
short-terra
Table
^,
Issues.
In the March and September
areas not
and
countries
In
foreigners
banking liabilities to
presentee
been
has
heretofore
separately,
regularly reported
August
the
with
beginning
but
issue,
March
the
In
annually
data as of
covering
year,
a
twice
published
Is
Issue
1963
sales of
April 30 and December 3I. Table 5, purchases and
preceding
the
securities by foreigners during
long-term
calendar year, appears annually In the April Issue.
Payments, Office of Intematicnai Affair...
be obtained from the Office of Balance of
copies Of the reporting fonos and instructions .ay
Banks.
Reserve
Federal
from
or
D.
C,
Treasury Department, Washington 25,
Treasury Bulletini
82
.CAPITAL MOVMENTS.
Section I - Sunmiary by Periods
Table !•- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners]/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
Net
movement
Total
Short-term
banking
funds
Changes in claims on foreigners
Transactions in:
Long-term
banking
funds
U.S. Gov't
bonds
and
notes 2/
Other
domestic
securities
2/
-64.5
-150.6
-0..
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
Total
Short-term
banking
funds
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404. 8r
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
1962
300 5r
1,817.Q
2,484.0
2.1
-728.0
59.8
1963-January-October p
223. 2r
2,040. 5r
l,253.3r
42.5
591.9
152.8
687.3
-15.4
-179.4
-4.6
0.4
3.1
-33.7
-67.5
62.3
-5.5
12.4
-16.3
-271. 4r
-39. 4r
-411 .Or
-173. 2r
82. 5r
-247. 7r
127.5
12.2
-7.0
-35. 7r
-263. 2r
-160. Ir
-310. 3r
211. 5r
-128. 7r
-34. 5r
-191. 2r
-38. 5r
1946
1947
ig-iS
19-49
.
1962-October
November
December
372. Ir
-109 5r
-541.3r
643.5
-70.1
-130.3
1963- January
February
March
April
May
June
July
August
September p
October p
3b. 7r
-274.7r
51. Or
-79 8r
-143.4r
72.4
-11.5
211.1
230.5
2/
.
U2.4r
-365.9r
368.4
160.1
328.4
372. 3r
446. 2r
-330. 3r
441.7
187.5
420.6
-67.3
39.6
164.9
174.6
78. 9r
405. Ir
-345. 5r
278.6
100.9
423.5
0.5
3.2
-3.6
-0.
0.
0.,
1.
-U.l
1.3
5.7
17.2
6.6
44.5
12.2
205.6
22.2
-10.2
142.2
84.0
9.4
3.5
-1.2
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 81.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Note:
1/
.
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102
1,270
682
1,338
219
1,000
3,229
1,882
1,178
8.0
2/
*
p
r
-M4.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
0.4
38.0
70.6
12.3
16.0
17.4
3.8
-10.9
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2, 314. Or
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-l,148.2r
Long-term
banking
funds
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
Transactions
in foreign
securities
265.1
39.0
-94.8
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
-l,517.4r
-352. 3r
-117.2
-1,047.9
-1,817.3
-395.6
-343.6
-1,078.1
52.9
-13.0
-6.8
-151.1
-108.9
-156.5
-515.7r
-303. 8r
-35. 6r
-73. 3r
-27.4
-92.2
-180.5r
64. 6r
34.4
-.7
-132.0
11.6
27.1
-11.5
-52.5
-193.9 1/
-17. 8r
-34.5
-40.9
-38.2
7.0
-258.8
-161.6
-114.1
-66. 6r
-283.3
-105. 5r
-65.7
-66.8
11.5
32.8
Change in long-term banking funds during May 1963 reflects the
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Less than $50 thousand.
Preliminary.
Revised.
.
.
'toecember 196;
83
.CAPITAL MOVMENTS
Section I - Suminary by Periods
Table 2.- Banking Liabilities to and Clalme on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
End of calendar
year or month
Total
shortterm
liabilities
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
19-45
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
U,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3
Payable in doll^^rs
Foreign countries
Official
institutions
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
7,916.6
8,664.9
9,154.3
10,212.3
10,893.2
Other
foreigners
International
and
regional
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9
3,413.0
3,460.5
4,601.1
4,704.8
5,299.5
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
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
4,011.8
3,751.7
Foreign
ban3is
2/
2/
u
V
Payable
1961 5/
22,532.6
10,893.3
5,380.4
2,356.9
3,751.7
1962
25,016.6
11,910.3
5,251.0
2,564.4
5,147.5
25,211.3
25,196.0
25,016.6
11,805.8
11,898.2
11,910.3
5,597.8
5,432.1
5,251.0
2,520.3
2,558.1
2,564.4
5,005.3
5,095.5
5,147.5
24,949.3
24,988.9
25,153.8
25,328.4
25,407. 2r
25,812.4r
25,466.8r
25,745.4
25,846.4
26,269.9
11,515.7
11,434.6
11,719.3
11,861.9
12,036.9r
12,315. 3r
11,922. 2r
12,179.1
12,359.0
12,269.8
5,606.8
5,691.5
5,636.9
5,563.8
5,617.3r
5,711.8r
5,689.8
5,771.8
5,677.8
6,145.6
2,562.9
1962-October
November.
December.
.
.
.
.
1963- January
February.
March
April
May
June
July
August
September p.
October p.
,
.
.
1/
2/
V
if
in
foreign
currencies
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 6/
Total
longterm
liabilities
.9
1.4
4.6
1.0
.7
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
.8
7.5
2.2
Payable in dollars
Total
shortterm
claims
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
4,762. 3r
Payable
in
Loans to:
Official
institutions
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
Foreign
banks
100,3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
Other
foreigners
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
Other
claims
foreign
currencies
245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2,531.1r
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
U9.6
147.3
197.7
217.2
479.6
585.6
Total
longterm
claims
.
,
.
.. .
,
84
Treasury Bulletin
I
.CAPITAL MOVEMENTS,
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic
Securities by Foreigners
i/
(In millions of dollars; negative figures Indicate
a net outflow of capital from the United States)
Corporate and other
U.S. Government bonds and notes 2/
Bonds 2/
Purchases
Foreign countries
Sales
Total
Official
1946.
AU.5
19/i7.
1948.
19i9.
1950.
1951.
1952.
1953.
1954.
1955.,
1956.,
1957..
1958..
1959..
I960..
1961..
1962.
3AA.B
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
1,779.9
1963-January-October p
1962-Ootober.
November.
December.
1963- January
February.
March
April
May
June
July
August
beptember p.
October p.
.
.
684.2
283.3
330.3
333.6
294.3
Other
International
and
regional
Purchases
Sales
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
1,667.8
1,075.8
591.9
336.7
255.3
207.8
76.6
251.1
167.4
110.3
318.5
105.1
-33.7
-67.5
62.3
-48.4
6.6
85.2
14.7
-74.1
-22.9
217.6
132.3
481.3
58.4
90.1
176.4
436.8
46.2
91.9
34.6
50.9
33.7
88.3
26.9
127.5
-44.1
44.5
12.2
205.6
22.2
-10.2
142.2
84.0
8.0
106, 2
-37. 5
21.3
-6.6
40.0
7.1
100.2
-8.0
-3.4
105.0
-3.3
2=17.5
56.8
40.7
175.9
172.3
35.0
.
Net
purchases
,356.6
4, 5
1
126.7
30.9
5.0
42.9
81.9
14.1
-21.3
-.7
-11.8
-5.7
5.4
-9.0
1/
of
Net
purchases
2/
2/
Purchases
Net
Sales
purchases
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
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
2,149.1
193.2
14.6
2,236.3
2,098.3
137.8
7U.7
25.7
22.4
24.8
27.3
30.8
37.0
-1.6
-8.4
-12.2
129.2
187.9
170.4
133.1
167.1
174.5
-3.9
20.8
-4.1
-39.2
-55.1
46.0
36.5
20.5
15.3
17.7
27.8
16.0
23.7
23.3
12.8
14.2
27.7
18.1
15.1
16.7
17.4
24.5
15.3
22.1
19.4
16.9
8.8
2.5
178.0
162.8
161.5
255.5
282.0
338.2
184.2
201.1
226.4
246.6
174.6
172.2
161.3
218.6
221.7
317.5
176.6
135.0
216.0
254.8
3.4
-9.5
139.7
-51.1
44
i
2/
.2
1.0
10.3
-8.5
8.4
1.2
-6.6
-2.7
Through 1949, included with transactions in
bonds and notes.
p Preliminary.
U.
-64.5
-150.6
-1U.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
.2
36.9
60.2
20.7
7.6
16.1
10.4
-8.2
S.
Government
Table 4.- Purchases and Sales of Long-Term Foreign Securities
by Foreigners
(I" millions of dollars; negative figures indicate a net outflow
of capital from the United States)
Foreign bonds
Foreign stocks
Calendar year or month
Net
purchases
Purchases
Sales
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
702.0
65.6
42.6
96.7
70.8
198.2
348.7
329.6
,093.3
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
2,037.3
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
-944.0
644.
877.
875.
621.
803.
803.8
591.7
965.6
805.9
-82.6
-370.0
-103.9
907.4
1,959.6
-1,052.0
559.6
585.5
-26.1
250.8
70.5
59.6
419.0
201.1
216.6
-168.2
-130.7
-157.0
58.2
69.4
61.3
41.1
47.5
60.9
17.1
56.0
313.7
214.2
136.4
179. 7r
408.7
-257.7
-152.7
-102.1
58.0
50.2
60.2
66.3
67.1
72.2
73.2
85.7
Purchases
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
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
1963-January-October p.
1962-October..
November.
December.
1963- January
February.
March
.
.
April
May
June
July
August
September p.
October p.
.
61.5
84.3
120.1
144.0
52.0
74.7
4A.2
222.2
48.4
Sales
490.4
634.3
291.4
155. 7r
116.3
110.1
231.6
43.2
-59. 6r
-264.7
-103. 7r
-41.6
-65.8
-9.4
5.3
58. 7r
54.6
42.1
43.9
58.5
domestic
securities
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
2,260.2
y
1/
2/
3.0
For exclusions see headnote on page 81.
Through 1949, include transactions in corporate bonds.
1/
2/
Stocks
Net purchases
Calendar year or month
303.
59.1
59.1
60 .4r
78.8
43.0
23.0
31.0
Net
purchases
-.4
H.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.
-126.
-29.
-336.
-237.'
Total
purchases
Total
sales
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
50
276
34.
5,
159.
87.8
-2.8
.
.
85
December i961
.CAPITAL MDVIMENTS,
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
Country
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia,
Other Western Europe 2/
n.S.S.R
Other Eastern Europe 2/
_
.
Total Europe
Canada
Latin America
Argentina
Brazil
ChUe
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
—
V
American Republics
Bermuda
Antilles and Surinam,
America 4/
^
^
Total Latin America
Asiat
China Mainland.
Hong Kong.
India.
Indonesia,
Israel.
Japan.
Korea.
Philippines.
Taiwan.
Thailand.
Other Asia.
Total Asia.
Africa:
Congo (Leopoldville)
Moroc CO ^/
South Africa
United Arab Republic (Egypt)
Other Africa 8/
Total Africa 3/
Other countries:
Australia
All other
110
9
Total other countr.es S/
International and regional:
International
European regional 2/
Latin American regional 4/
Total international and regional 2/
Grand total.
V-
j/
.
.
,
86
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II
Table 2.
-
-
Summary by Countries
Short-Terin Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
1959
Europe :
Austria
Belgium
Denmark
Finland
Franc e
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
i.3
56.3
18.1
8.^
57.1
54.0
4.8
29.7
38.3
7.1
2.1
Swed en
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/....
U.S.S.R
Other Eastern Europe 2/ 2/*
Total Europe.
Caaada.
Latin America:
Argentina
Brazil
Chile
Colombi a
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 4/.
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America 4/
^
Total Latin America
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines..
Taiwan
Thailand
Other Asia
.
Total Asia.
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
Total Africa
Other countries:
Australia;
All other 7/
Total other countries 8/.
International and regional
Grand total.
.
8.^
18.6
38.^
i;7.3
20.7
2.9
12.7
5
V
:
87
December 1961
.CAPITAL MDVQffiNTS,
Section II - Summary by Countries
Table 3,- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Co\intry
Europe
Austria
Be Igium
Denmark
Finland
France
Germany
Greece
Italj
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U. S. S. R
Other Eastern Europe
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
;
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/ 2/
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Isi^el
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
111.8
Total Africa
Other countries
Australia
All other
:
V
Total other countries
^
Intema-Lional and regional.
Grand total
88
Treasury Bulletin
.CAPITAL MOVHyENTS.
Section II - Sunmary by Countries
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
(In thousands of dollars; negative figures Indicate net sales by
foreigners or a net ou tflow of capital from the United
Calendar year
Country
1959
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
-1
,
767
57,743
250
22,345
3,391
69
-1,750
7,531
21,085
1,000
128,589
89,105
21,921
-11,320
118
-76
-35,360
Canada.
-36,551
;
5
415
-29
-49
-43,515
-1,071
-650
-780
662
-245
...[.......[..
American Republics
Bermuda
Antilles and Surinam..
America
-841
201
7,580
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:
,
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
:
Total Africa
Other countries
Australia
All other
-5
2,427
2,422
;
22
16,998
Total other countries.
International and regional
International
European regional
Latin American regional
17,020
:
Total international and regional..
Grand total
-1
-18,324
91,024
11,714
Total Europe
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-189
-349
-35,359
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-31,665
51
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
I960
164,908
164,908
3,854
89
December 1961
,
CAPITAL MOVMENTS.
Section II - Summary by Countries
Transactions In Long-Term Domestic Bonds,
5.Net
Table
Foreigners
Other Than U. S. Government Bonds and Notes, by
of capital from the United States)
indicate net sale s by foreigners or a net outflov
(In thousands of dollars; negative figures
Calendar year
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Etirope
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 1/
Bermuda
Antilles and Surinam
America 1/ 2/
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other 2/
Total other countries 4/
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
include only
Bermuda are inoluaea wii."
1963, Bahamas and
,/
^
V
p
January through October
for the cumulative total for
"Other Africa •
countries include Morocco and
through October
January
for
total
cu^lative
Th ;gh"l962 and for the
Africa.
"Total
include
countries"
1963, "Total other
»
Preliminary.
W62 and
ISm ^"AU othS"
TV,.™,^h
,
Treasury Bulletin
90
CAPITAL MOVMENTS
.
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1959
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe 1/
i5
6,510
-635
-4,8
34,979
17,831
128
8,525
10,936
679
1,390
-477
-394
215,353
381
18,357
-2
4,306
,
Total Europe
1962
1960
1961
195
2,245
790
-116
37,881
19,716
-259
29,219
-4,260
-399
10,820
376
121
115,048
108
-40,920
-13
2,939
580
3,141
-1,810
-427
22,5B7
22,711
-709
14,272
28,971
-668
6,538
1,559
-1,200
161,565
235
-10,940
12
5,718
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
217
-3,862
117,236
-262
-40,589
3,473
-33,433
-206
167,519
362
-1,953
January-October p
1,267
-11,780
-158
-604
-11,509
-7,587
-311
2,834
-3,208
-1,748
15,190
322
711
May
July
June
28
81
-2,878
-99
-192
-1,588
-12
-351
-3,520
-2,829
-163
-97
671
1,627
-354
1,467
230
309
-25
248
375
10
665
129
U7
213
-667
27
-290
-848
-545
-51
-261
2,050
-629
824
61
-104
39,101
-841
-6,755
-227
12
32,954 17,938
525
-665 -1,350
1,391
7
221
August
September p
335
October p
242
384
-24
731
-28
-1
-2,055
-1 ,334
82
-34
884
-118
-587
-1,111
-7
450
16
-157
890
595
-149
-47
6,933
-9
3,610
104
-87
122
103
8,509
21
429
431
3
,
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1963
Calendar year
Country
-24
3
-14
-14
657
-40
317,840
173,497
252,121
113,152
116,365
-17,661
-6,281
-21,878
32,866
2,452
9,810
3,238
1,887
-633
785
-4,524
1,750
7,573
774
8,894
6,893
700
-641
1,793
1,735
120
1,7U
-1,238
2,566
428
520
-184
-6,029
3,881
-1,290
-21,587
3,017
-789
1/
1,594
-1,715
2,348
1,429
1,038
-57
-1,832
177
478
466
392
19,469 15,93T
9,845
9,296
-2,314 -4,636
4,520
3,330
816
-56
360
194
486
-127
-12
:
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/ 2/
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2/
2/
9,056
-1,676
11,962
-124
-522
5,238
1,063
742
355
5,430
9,824
378
-1,163
8,806
2,660
2/
9,374
2,224
34,717
18,064
44,409
11
172
8,317
-92
37,684
28
113
-81
-69
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
321
62
403
270
129
-42
-468
408
71
78
-2
-225
-66
-2,117
106
25
-20
1,309
322
1,392
-7
477
-512
1,862
86
-21,293
3,299
6,309
2,636
56
-119
3,329
113
-53
1,715
-18
-62
-1 ,691
-3,337
-2
-73
847
66
33
16
-118
47
8
-24
-1
-25
16
7
-42
-13
120
3
3
361
-1 ,078
769
2/
202
-23
-335
-706
-193
288
111
-81
-3
124
983
-93
-482
-148
272
-716
-284
187
-386
-171
-73
354
-1 ,690
-992
-1,015
-3,714
-54
611
301
189
199
171
1
-U5
-345
-50
-48O
-352
220
42'?
-1
,907
-505
:
18,419
63
150
-372
330
23
524
Total Asia
65
77
738
-1
2
4
103
8
-7
2,054
-307
267
1,186
709
7
7
17
-364
5,121
-127
154
4,921
23,960
12,352
43,254
-18,279
58
12
-52
31
i/
4/
4/
64
27
213
-61
V
92
34
689
4
-10
77
47
3
31
181
-1,285
100
4,202
9
7
-81
497
602
515
103
-5
-71
147
3,345
55
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
87
-40
105
504
-23,249
58
5,010
-23
-2
28
-9
440
9,84A
2,195
415
-3,792
7
56
13
-2
-45
V
y
9
-86
-43
-46
-106
-212
97
-272
-39
363
98
33
-52
2
2
:
Total Africa
Other countries
Australia
All other
Total other countries
^
International and regional
International
European regional
Latin American regional
Total international and
regional
1/
2/
y
-3
142
-12
14
617
264
76
62
103
890
183
48
709
-191
y
5/
-391
590
304
800
797
1,826
636
-533
3^4
1 60
187
116
479
1,680
2,726
203
1,066
303
94
662
33
-16
3,586
2,424
2,082
4,481
5,072
-115
392
597
-115
326
684
621
389
V
11
21
:
V
Grand total
46
V
186
-11
384
278
-5
;
3,586
2,424
2,082
4,481
4,957
392
482
326
684
621
362,921
201,736
322,714
111,130
137,983
60,244
20,743
7,602
16,143
10,409
Through April 1963, includes Czechoslovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for other
Latin American republics included with "Other Latin America."
Through 1962, and for the cumulative total for January through
October 1963, Bahamas and Bermuda are included with "Other Latin America."
4/
5/
p
Through 1962,
October 1963,
Africa."
Through 1962,
October I963,
Preliminary,
and for the cumulative total for January through
"All other" countries include Morocco and "Other
and for the cumulative total for January through
"Total other countries" include "Total Africa."
,
91
December 1961
CAPITAL MDVMENTS
Section II - Summary by Countries
Foreigners
Table 7.- Net Transactions In Long-Term Foreign Bonds by
United States)
sales by foreigners or a net outflow of capital from the
(In thousands of dollars; negative figures indicate net
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sveden
Switzerland
Turkey
United Kingdom
Yugoslavia.
Other Western Europe
U. S. S. R
Other Eastern Europe 1/ 2/
Total Europe
V
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
Ii8
_
American Republics 2/
Bermuda
Antilles and Surinam
America 2/4/
Total Latin America
Asia:
CHina Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other i/
Total other countries 6/
International and regional:
International
European regional 1/
Latin American regional 4/
Total international and
regional
.
.
.
92
Treasury Bulletin
.CAPITAL MOVIMENTS.
Table 8.
Section II - Summary by Countries
Transactions In Foreign Stocks by Foreigners
- Net
(In thousands of dollars; negative figures indicate net sales by foreigners
or
a
net outflow oi
capital from the United States)
Europe
Austria
Belgium
Denmark
:
Finland,
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain.
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe 1/
Total Europe
.
Canada
Latin America
Argentina
Brazil
Chile...
Colombia
Cuba
Mexico
Panama
Peru.
.
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 2/
Bermuda
Antilles and Surinam
America 2/ 3/
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:
Total Asia
Africa
Congo (Leopoldville
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
Total Africa
Other countries
Australia
All other 4/
:
Total other countries
^
International and regional
International
European regional
Latin American regional
Total international and regional..
Grand total
1/
2/
2/
Through April 1963, includes Czechoslovakia, Poland
and Rumania only.
Through April 1963, "Other Latin American Republics"
include only
Bolivia, Dominican Republic, Guatemala and El Salvador;
other Latin
American republics included with "Other Latin
America."
Through 1962, and for the cumulative total for January through
October 1963, Bahamas and Bermuda are Included with "Other
Latin America
4/
Through 1962,
October 1963,
Airica,
Through 1962,
October 1963,
Preliminary.
'
5/
"
and for the cumulative total for January
through
"All other" countries include Morocco
a^d "oZer
and for the cumulative total for January
through
"Total other countries" include "Total Africa "
r Revised.
93
December 196 J
.CAPITAL MOVBffiNTS
Section III - Preliminary DetailF by Countries
October 31, 1963
Table 1.- Short-Term Banking Llabllltlee To Foreigners as of
O/
(Position in thousands of dollars)
Asia:
China Mainland
Hong Kong
India
Indonesia
I
srael
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries :
Australia
All other
Total other countries
International and regional :
International
European regional
Latin American regional
Total international and regional
Grand total
1/
2/
81.
For exclusions see headnote on page
j„„nqits and
of demand deposits
Grand total includes *5,7«ffl,135 thousand
cerbut excludes negotiable time
«3,821,3i2 thousand of time deposits,
in Other.
included
are
which
deposit,
tificates of
3/
demand deposits and
Grand total includes $1,391,205 thousand of
excludes negotiable time
$931,258 thousand of time deposits, but
"Other.
certificates of deposit, which are included in
Treasury Bulletin
94
.CAPITAL
MOVMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1963
i/
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country-
Foreign
banks and
official
institutions
Total
Collections
outstanding
for ovm
account and
domestic
customers
Other
Acceptances
made for
account
of
foreign-
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Other
ers
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.S.S.R
Other Eastern Europe
,
,
Total Europe
Canada
.
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America
Total Latin America
9,575
25,
6U
11,207
49,169
66,321
150,744
8,927
81,367
40,701
34,488
13,990
37,815
32,941
91,433
41,529
232,020
7,454
20,229
9,247
22,250
9,916
48,945
57,456
128,473
8,868
72,819
26,661
33,609
13,772
37,041
28,336
59,053
41,528
90,839
7,452
19,775
1,165
1,069
554
1,113
17,176
36,592
1,027
8,073
740
2,959
2,973
4,659
1,422
316
3,668
36,852
379
20,658
10,480
6,992
5,226
11,568
708
16,017
37,585
22,619
2,429
350
9,434
13,325
21,622
616
9,584
494
11,563
323
3,265
10,666
4,408
1,384
17,091
28,706
7,460
20,769
13,685
2,551
2,077
4,819
5,266
12,639
3,310
14,536
511
3,824
1,844
328
3,364
1,291
224
8,865
22,271
331
3,282
45,611
13,950
25,907
5,525
250
2
59
5,042
1,705
18,935
5,892
10,410
8,126
6,011
18,277
3,548
14,040
14,367
3,902
4,038
521
5,571
416
51
2,172
254
810
911
2,764
17
29,783
116
879
213
774
4,605
32,380
1
141,131
2
454
1
5
1
11,849
11,727
1,102
113
158
9,655
967,378
727,818
186,003
137,542
157,126
628,141
351,361
8,933
123,222
,471
183,000
182,824
185,756
179,964
16,781
444,613
32,911
102,781
89,419
102,996
115,597
30,660
136,774
143,122
176,761
179,843
16,754
432,221
32,872
102,720
89,228
102,307
115,456
30,555
16,960
51,169
31,677
58,119
30,710
55,940
22,745
30,497
1,087
117,340
11,585
21,790
3,836
18,037
14,979
4A,201
29,375
30,102
25,410
15,667
30,169
6,218
31,166
5,193
47,230
51,452
937
8,178
14,608
14, 592
989
47
4,469
145
2,604
11,692
6
361
2,347
16
1,581,383
402,210
346,604
331,506
471,727
29,336
108,705
1,668
10,998
17,923
1,668
2,404
4,494
145
2,993
339,849
1,936
1,001
1,739
2,433
200
39
1,690,
8,178
173,107
8,579
8,776
10,473
21,579
15,509
5,226
13,
4U
699
4
122
179,008
3,139
239,560
27,571
183,164
276,780
43,862
6,379
88,477
64,631
1,041
259
3,760
1,186
46,226
39,702
8,995
121
97,643
6,253
39,056
68,635
19,138
30,423
6,863
13,962
237
1,932
1,091
916
12,392
27
35
2,550
39
61
191
689
141
105
20
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,673
11,037
18,374
379
29,840
1,872,432
13,193
63,403
7,770
44,242
72,364
29,596
1,819,879
13,193
63,245
7,739
44,242
72,079
Total Asia
2,134,707
2,080,9a
1,478
2,226
14,634
27,266
44,549
14, 271
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt),.
Other Africa
379
5
15,726
2,392
9,726
20,940
13,391
656
1,075
7,231
4,719
8,380
234
9,462
143,118
10,810
8,939
946
6,391
34,916
400,440
81,161
227,915
3,492
52,379
103
1,615
451
13,224
1,242,241
2,271
21,447
3,745
425
42,292
9
3,742
244
52,553
26, 538
512
158
31
7,226
1,766
285
1,320,864
50,561
53,766
768
16,468
50
;
Total Africa
Other countries
Australia
All other
61
26,940
44,358
994
757
6,375
10,822
21,290
1,417
1,222
11,341
766
10,328
90,153
89,273
19,009
22,654
48,661
7,681
37,432
7,360
1,370
1,022
56,342
44,792
2,392
1,283
1,283
1,283
9
1,355
1
273
3,331
1,645
25,074
17,509
5,027
10,158
15,845
5,566
9,806
10,247
21,411
10,009
721,430
771,503
2,026,688
;
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and
regional
Grand total
1/
1,478
2,226
Excludes convertible foreign
1,283
1,283
1,283
5,568,092
4,876,851
1,020,270
203
336,960
363
326
191
Foreign
government
obligations
and commercial and
finance
paper
:
..
95
December 1%J
.CAPITAL MOVByffiNTS,
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of October 31. 1963
(Position in thousands of dollars)
Long-term claims payable in dollars
Total
long-term
liabilities
Country
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
3,000
1,905
3i7
5,252
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
376
10,122
American Republics...
Bermuda
Antilles and Surinam.
America
56
^0
10,594
Total Latin America
Long-term
claims
payable in
foreign
currencies
Total
long-terra
claims
Other
Loans
03,870
34,919
51,212
21,817
40,372
126,773
16,917
107,558
5,134
216,432
52,538
27,996
33,662
15,010
756
34,679
927
6,673
93,870
34,919
51,212
21,817
40,372
126,773
16,917
107,558
5,134
216,432
52,538
27,996
33,662
15,010
756
34,679
927
6,673
93,799
34, 882
51,199
20,817
40,365
126,764
16,837
104,694
5,134
216,396
52,003
27,856
32,662
14,010
700
34,679
927
6,662
71
37
13
1,000
7
9
80
2,864
36
535
140
1,000
1,000
56
8,34^
8,3U
8,344
895,589
895,589
888,730
6,359
275,491
275,491
272,126
3,365
55,274
205,700
25,884
64,325
594
261,895
23,430
20,516
2,398
54,085
48,667
46,990
3,219
3,946
816,923
55,274
205,700
25,884
64,325
594
261,771
23,430
20,516
2,398
54,085
48,667
46,990
3,219
3,946
52,518
203,021
24,410
63,347
2,756
2,679
1,474
473
255,237
23,426
14,225
2,314
53,747
47,835
46,990
3,217
3,124
6,534
4
6,291
816,799
793,911
22,888
2,029
21,826
2,029
21,826
2,029
21,826
594
124
84
338
832
2
822
124
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
.
.
25,272
25,066
1U,342
1U,342
1U,192
50
102,881
1,638
3,754
25,737
98,602
1,638
3,746
24.643
4,279
9,000
102,881
1,638
3,754
25,737
9,750
327,479
327,479
321,742
5,737
31,920
30,512
30,509
17,291
200
62,385
17,291
17,283
200
200
61,741
.
Total Asia
206
150
25,272
700
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
61,741
8
1,094
1,408
644
111,796
109,744
109,733
11
727
56,667
10,178
56,667
10,173
56,541
10,047
126
131
727
66,845
66,845
66,588
257
1,000
99
99
99
99
99
99
2,492,046
2,452,929
2,052
Total Africa
Other countries :'
Australia
All other
Total other countries
International and regional
International
European regional
Latin American regional
:
Total international and regional.
Grand total.
19,500
20,500
46,823
2,494,222
39,117
2,176
.
,
96
Treasury Bulletin
CAPITAL MOVEMENTS
,
Section III - Preliminary Details by Countries
4.Purchases and Sales of Long-Term Securities by Foreigners During October 1963
Table
1/
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Sales by foreigners
Foreign securities
Domestic securities
Foreign securities
Coiintry
Total
U. S.
purchases Government
bonds and
notes
Europe;
Austria.
Belgium,
Denmark.
Finland.
France.
Germany,
Greece.
Italy
Netherlands
Norway
Portugal
Spain
Sweden
653
4,862
387
16
11,
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
U. S. S. R
Other Eastern Europe.
Total Europe.
CEinada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
«7
9,579
160
6,476
13,975
2,450
2,392
2,265
2,335
93,850
76
Corporate and
other
1
103
277
290
77
18
123
98
1,038
69
41
26
204
214
21
616
16,781
791
251
85,254
140
3,340
478
2,762
16
9,748
3,774
160
4,827
7,278
780
2,302
1,885
250
80,458
245
56,816
140
2,889
373
132
15
79
1,273
1,964
45
38
Bonds
82
1,853
591
485
1,390
23
231
687
8,066
Stocks
959
1,113
3,661
1,019
5,716
148
7
32
125
2,746
6
Total
sales
346
8,615
975
95
12,185
6,998
159
5,598
10,082
2,492
1,460
2,858
3,184
100,591
45
57,325
19
3,269
7,597
117
308
4,534
3
239,325
18,341
5,196
174, 880
17,971
23,437
217,562
105,633
12,182
5,941
34,041
21,765
31,704
99,482
2,381
2,284
1,125
91
20
84
2,121
1,523
838
627
98
735
99
303
71
6
92
16
2,276
1,272
628
772
49
2,018
4,562
;
12
946
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
45
2,076
4,200
919
1,785
2,420
765
2,493
4,225
44
29
207
48
823
26,487
1
23
432
349
1,623
3,671
55
840
1
1,387
1,973
73
97
357
83
24
250
356
106
173
207
148
835
1,968
3,459
440
1,925
5,810
45
283
331
4
1,680
3,330
807
6
61
19
150
309
6
1,194
21,016
2,503
1,342
26,334
11,676
190
48
10,841
595
320
Asia;
China Mainland
Hong Kong
India
Indonesia
I
srael
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa;
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries;
Australia,
All other
Total other countries.
International and regional ;
International
European regional
Latin American regional
Total international and regional.
Grand total
2
11,921
40
4
380
1,905
39
4
98
11
229
262
36
2,990
198
9_
17,767
225
250
267
140
34
6,348
5,621
135
24
366
38
16
3,524
15,198
749
1,595
26,841
253
68
1
16
2
2
144
1,002
538
193
2,254
1,002
929
253
166
97
1,197
106
1,805
263
1,204
52
1,628
51
15
1,504
225
48
36
2,822
144
375
538
1,195
1,«
1
276
3
466
1
336
7
336
822
5,726
3,178
3,000
8,904
3,000
1,628
276
4,000
402,675
34,959
14,186
246,603
48,445
56
533
595
3,178
58,482
D.
S.
Government
bonds and
notes
Corporate and
other
Stocks
Bonds
..
97
December 196 J
CAPITAL MOVBiENTS
Table
2.-
,
Section IV - Supplementary Data by Countries
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions l/
(Position at end of period in millions of dollars)
1962
1961
Area and country
Gold and
shortterm
dollars
Western Europe
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Republic of.
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/ 3/
December
September
December
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
dollars
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
dollars
U.S. Gov-
ernment
bonds
and notes
;
Total Western Europe 2/
Canada.
Latin American Republics
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other 3/
733
1,539
OR
134
744
1,511
558
1,574
73
30
2
83
30
2
681
435
48
135
3,643
6,467
187
3,533
1,857
142
610
588
639
3,290
162
4,319
665
27,887
840
28, 570
786
28,911r
3,704
459
4,169
266
4,057
138
3,110
6,506
154
3,459
1,797
135
4
3
3
126
542
469
586
3,435
165
1
1
93
83
4,495
3
3,7U
3
6,409
196
3,627
1,829
155
632
623
671
3,575
165
4,191r
2
91
1
1
102
86
tt
418
47
540
:
153
235
301
499
147
228
44
37
607
87
131
237
819
293
528
425
513
271
429r
178
205
16
626
98
152
85
154
272
281
806
336
780
354
3,398r
3,544
12
3,385
12
India
Indonesia.
Japan
Philippines.
Thailand
Other
325
119
1,976
212
368
1,329
6
6
45
293
77
2,344
198
430
1,420
41
l,4Ur
Total Asia.
4,329
IT
4,762
52
4,955
Total Latin American Republics 2/
Asia;
.
Total foreign countries 3/
International and regional 3/
Grand total 2/
21 5r
«
437
540
12
12
1,089
260
275
27
315
279
30
535
27
594
30
l.'i06
42,569
1,156
1,432
7,127
993
2,838
49,696
2,149
862
Total other countries.
3
1
188
Total Africa
y
3
1
288
72
2,499
535
330
189
343
Other countries:
Australia
b/
Other
V
1
186
368
South Africa
United Arab Republic (Egypt).
Other Africa
^
^
1
40,861
V
5,829
46,690 ij
37 3r
l,101r
Treasury Bulletin
98
.COEPORAnORS AHD CEREAIH OTHER BDSINBSS-TYEE ACTIVITIES.
The current financial statemente of corporations and
certain other buelness-type actlvltlee of the United States
Government vrtilch appear In the "Treasury Bulletin" beginning
with the August 195^ Issue are compiled from reports submitted to the Treasury under Department Circular No. 966,
Issued January 30, 1956, and Supplement No, 1, Issued June
The regulations so Issued are pursuant to Section
1, 1956.
ll'J- of the Budget and Accounting Procedures Act of 195O
(31 U.3.C. 66b),
statements of financial condition are published quarterly
and appear as Section I in the series of tables.
The first
data under the new regulations are for March 31. 195^, and
were presented in the August 1956 Bulletin. Statements of
Income and expense and source and application of funds are
published semiannually, for June 30 and December 3I reporting dates, and appear as Sections II and III. The first of
these statements under the new regulations cover the fiscal
and represent another step In the program
of comprehensive and Integrated Government accounting and
year 195^, and were published in the January 1957 Bulletin.
Within the sections, the agencies are grouped in separate
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 13, 19't-O,
funds,
as amended by Executive Order No. 90SU^ of March 3, 194^2,
under which financial statements previously published In
the Bulletin were submitted.
In coverage,
Department Circular No. 966 requires
submission of financial statemente by all wholly owned and
mixed-ownership Government corporations specifically Included In the Government Corporation Control Act, as amended
(31 U.3.C. &^G,
S56); and all other activities of the Gov-
ernment operating as revolving funds for which businesstype public enterprise or Intragovemmental fund budgets
are required by the Bureau of the Budget.
Other activities
and agencies whose operations, services, or functions are
largely self-llquldatlng or primarily of a revenue-pro-
tables by type, as follows: public enterprise revolving
intragovemmental revolving funds, certain other
activities, deposit funds, and trust revolving funds.
Supplement No.
1
added to the coverage by including
all executive agencies and activities not reporting under
Department Circular No. 966, but required only a statement
These are
of financial condition annually as of June 30.
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
Thus the sup-
temporarily to report only the asset side.
plement rounds out provision for the information on properties and assets of the United States Government
continuing study of the assets of the Government.
ducing nature, and activities and agencies whose operations
comprehensive reporting under Supplement No.
result In the accumulation of substantial Inventories,
30.
In-
vestments and other recoverable assets, may be brought
under the regulations as agency accounting systems are
developed to the point where they are capable of furnishing the financial reports required.
Four kinds of financial statements are called for by
Department Circular No. 966.
They are statements of finan-
cial condition, income and expense,
of funds,
source and application
and certain commitments and contingencies.
The
vrtilch
the
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
1957,
1
The first
is for
June
and the data were published in the December 1957
issue of the Bulletin as Part B of Table
U-
in Section I.
A summary of loans outstanding for a series of dates
is included in Section I of the Bulletin presentation be-
ginning with the June 195^ issue. 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.
December 196 J
.COKPORATIONS
Section II
MD
CERTAIN OTHER BUSIMESS-TYPE ACTIVITIES.
- Income and Expense for the Twelve Months Ended June 30, 1963
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
Treasury Bulletin
100
.COKPORATIOHS AHD CKRTAIH OTHKR BUSZHESS-TTPE ATi'lViTlES.
Section II
Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
December 1961
101
.COKPORATIOHS ARD CERTAIN OTHER BUSIUESS-TTPE ACTIVITIES.
Section
Income and Expenpe for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
-
(In thousands of dollars)
Commerce Department
Agriculture Department 2/ - (Continued)
Farmers'
Account
Direct
loan
account
Home Administration
Emergency
credit
revolving
fund
Agricultural
credit
insurance
fund
Expansion
of defense
production
Aviation
war risk
Insurance
revolving
fund
Area
Redevelopment
Administration
Area
redevelopment
fund
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
u,ai
Total income.
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
or losses (-)
Net income, or loss (-), before change in
valuation allowances
25
2,383
25
4,067
15
15
346
1,208
998
3,085
3,085
10,732
4,067
2,205
-6,206
-12
-1,725
26
-46
-6,218
-1,699
-46
24,484
-3,379
2,127
-7,934
-689
-620
-65
-3,085
13
346
or decrease, in allowances
Increase (-)
for losses:
Allowance for losses
Allowance for losses
or collateral
Allowance for losses
Allowance for losses
Other
,
23
il,«4
10,708
Total expense
,
346
1,171
3,192
15
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) > 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,
Treasury
Other
Other ma j or expense items
Miscellaneous expense
Total other gains
2,363
on loans
on acquired security
on fixed assets
on inventories
,
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (- ) , or credits , applicable to
pri or years
Net income, or loss (-)
accumulated net income
,
,
transferred to
or deficit (-).
CHANGES IN ACCUMULATED 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
Balance at end of reporting period.
Footnotes at end of Section III.
-1,481
3,554
-754
15,930
-4,132
-1,481
2,127
-3,085
13
-1,135
-112
15,928
-4,244
2,127
-3,085
13
-1,135
9,720
15,928
-85,676
-4,244
10,759
2,127
-73,270
-3,085
16
13
7
-1,135
25,648
-89,920
12,8
-76,355
29
-1,129
(Continued on following page)
Inland
Waterways
Corporation
(in
liquidation)
Treasury Bulletin
102
.COKPORATIOnS AND CERTAHf OTHER BDSHIESS-TYPE AJTiVi'i'UiB.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December 196 J
103
.COKPOBATIONS ASD CERTAIN OTHEB BOSIKESS-TYPE ACTIVITIES.
Section
II - Income and Expense for the Twelve Months Bnded June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
104
.CORPORATIONS
MD
CKOTAOT OTHER BOSINESS-TrPE ALTlViTlhS.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
:
105
December 196 J
.COKPORATIOHS AND CKFJTAIN OTHER BUSIRESS-TrPE ACTIVITIES.
Section
Income and Expenpe for the Twelve Months Ended June 30,
Table 2.- Public Enterprise Revolving Funds - (Continued)
II
-
1963
(In thousands of dollars)
Treasury Department
Post Office
Department
Reconstruction
Finance Corporation liquidation fund
Postal
fund
Bureau of
Accounts
Office of the Secretary
Federal Farm
Mortgage Corporation liquidation fund
Civil
defense
loans
Fund for payment of Govern
ment losses
in shipment
Office of the
Treasurer
Treasurer of
the U.S., cheoli
forgery insurance fund
Expansion
of defense
production
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest!
On public debt securitleB
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
Total income.
3,822,881
4,673
32
333
2
2
307
3,782
52,
AU
&/
3,879,128
Expenses
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase {-) » or decrease i in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
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
4,675
3,313,137
56^,015
629,212
48,961
77,3i5
2,160
28,420
37.438
9/
4,698,528 10/
Other gains > or losses (- )
Charge-off s
Gain, 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 (-) , before change in
valuation allowances
307
40
347
537
307
537
307
.22_
2.000
_22_
2,000
-819,400
2,248
29
2,345
2-454
z^l6_
1,770
525
-2,660
_ia-
525
-819,400
29
2,870
-890
1,564
-536
2_
prior years
to
Net income, or loss (-) , transferred
accumulated net income, or deficit (-)....
DEFICIT
CHANGES IN ACCUMULATED NET INCOME OR
year
fiscal
previous
of
end
Balance at
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
-819,400
2,870
11/
-819,400
12/
2,870
1,257
1.56-?
29
-536
400
29
-1,019
-536
-11
-1
17,960
1,567
429
-1.556
-12
19.527
-534
819,400
-2,870
724
(Continued on following page)
Treasury Bulletin
106
.COKPORAnOHS AKD CERTAIII OTHEE BOSINESS-TYPE
Section II - Income and Expense for the Twelve Monthp Ended June 30, 1963
Table 2.- Public Enterprise Revolving Fujnds - (Continued)
(In thousands of dollars)
6
December 196 J
107
.coRPORivnoirs and certain other bosihess-ttfe activities.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the Administrator - (Continued)
Account
Liquidating
programs
Urban
renewal
fund
Community
disposal
operations
fund
Federal National
Mortgage Association
Housing
for the
elderly
Special
assistance
functions
Management
and
liquidating
functions
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
,,,,.
807
Guaranty and insurance premiujoB
Other major income items
Other income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease j in:
Work- in- process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other nBJor expense items
Miscellaneous expense
Other gatris , or losses (-):
Charge-offs
Gain, or loss (-) , on sale of fixed assets
Galny or loss (-) , on sale of other assets
Other
Total other gains
>
or losses (-)
Net Income, or loss (-)
valuation allowances
,
6,138
199
125
379
U5
155
41
41
7U
88,955
110
91 ,009
59,110
1,748
60
2,307
68,112
5,583
5,879
193,313
536
751
-947
28
854
-303
-1,222
854
before change in
-679
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
-187,175
517
-336
-92
91
U5
-1,964
360
-92
-1.964
-187,175
517
-428
9,598
383
-187,175
517
-428
9,598
Balance at end of previous fiscal year....
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
-1,193,131
383
-615,378
-187,175
-13,277
517
-720
-428
65,439
9,598
Balance at end of reporting period
-1,192,746
-802,553
-12,758
-1,140
75,037
Net income, or loss (-) , for the period....
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-)
accumulated net income
,
,
transferred to
or deficit (-}....
896
217
166
CHANGES IN ACCUMUIATED NET INCOME OR DEFICIT
Footnotes at end of Section III.
1
(Continued on following page)
59,000
1,426
628
187,730
271
Total expense
199
67
8U
Total income
6,071
Federal
Housing
Administration
Treasury Bulletin
108
.COKPORitnOHS AND CERTAIN OTHKR BOSINESS-TrPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December
19 6 J
110
Treasury Bulletin
.CORPORATIONS
MD
CERTAIN OTHER BUSHtESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Accoxjnt
\
December i96J
111
.COKPORATIONS AND CEPTAIH OTHER BOSIHESS-TTPE ACTIVITIES.
Section
II
Income and Expenee for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Punds
(In thousands of dollars)
Account
Treasury Bulletin]
112
.COKPORAPIOHS AHD CERTAIN OTHES BOSHJESS-TYPE fiCTITmES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued)
December 1961
113
.COEPORATIONS AKD CEHTAiri OTHER BDSIKESS-TYPE AO'i'iViTIES-
Sectlon
II - Income and Expense for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
HEW Departiiient-(Continued)
Public Health
Office of
Service-(Cont.
the Secretarj
Narcotic
hospitals
Account
Working
capital fund
Working
capital fund
Interior
Department
Office of
the Secretary
Working
capital f\md
Justice
Department
Federal
Prison
Industries,
Inc.
Labor
Department
Office of
the Secretary
Working
capital fund
Treasury Department
Bureau of
Engraving
and
Printing
United States
Coast G\iard
Supply
fund
INCOME AND EXPENSE
Income;
Sales of goods and services
Interesti
On public debt securities
767
2,663
2,067
37,033
769
2,665
2,067
705
172
1,050
213
296
122
868
606
3,183
28,973
15,743
37,283
3,183
28,973
15,749
20,896
1,752
i9i
4,500
10,184
2,870
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
200
Total income.
Oxpense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease, in:
Work- in-process
Finished goods
Other operating expenses
316
321
-11
-37
182
29
Depreciation
Administrative expenses
Graints and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
3i2
32
68
15i
20
15,749
6,321
-Si
-5i9
82i
i97
5i3
801
2,583
2,065
31,
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
49
3,185
28,862
1
-10
36
-75
36
37
36
before change in
-33
valuation allowances
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
15,749
-66
Total other gains, or losses (-)
,
211
1,783
3,057
358
5,900
1,667
Total expense
Net income, or loss (-)
1,941
701
5,385
81
<
-30
21
Net increase (-) > or decrease, in
allowances for losses
Net Income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
-33
5,385
28
36
prior years
Net income, or loss (-)
accumulated net income
,
,
transferred to
or deficit (-)
-33
i9
-3
5,385
28
36
187
25
-3
26,731
-64
28
5,385
28
36
-36
_64_
CHANGES IN ACCUMULATED 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
Balance at end of reporting period.
Footnotes at end of Section III.
-33
i9
-i,000
i16
236
(Continued on following page)
28,116
lU
Treasury Bulletin
December 1961
115
.COKPORAnOHS AND CERTAIH OTHER BUSIMESS-TYEE
Section
II
-
Income and Expense for the Twelve Months Ended June 30,
Table 4.- Certain Other Activities
(In thousands of dollars)
Account
!
Footnotes at end of Section III.
1963
Treasury Bulletin^
116
.CORPORAIIONS AND CERCAIH OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
Income and Expense for the Twelve Months Ended June 30, 1963
Table 4.- Certain Other Activities - (Continued)
-
^
December 1961
Treasury Bulletin
118
.COEPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
Income and Expense for the Twelve Months Ended June 30, 1963
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
December 196 J
119
.COEPORATIONS AND CERCAIN OTEER BUSINESS-TYTE ACTIVITIES.
Section
Income and Expense for the Twelve Months Ended June 30, 1963
Table 6.- Certain Trust Revolving Funds - (Continued)
II -
(In thousands of dollars)
Civil Service Commission
Housing and
Home Finance
Agency
Account
FNMA
Secondary
market
operations
Employees'
health
benefits
fund
Employees'
life
insurance
fund
Retired
employees'
health
benefits
fund
Federal
Communications
Commission
International
telecommunication
settlements
INCalE AND EXPENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest Income
Guaranty and insurance premiums.
Other major Income items
Other Income
Total income.
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), 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.
Treasury
Other
Other ma jor expense items
Miscellaneous expense
Total expense
1,169
11,576
110
7,177
22,055
375,677
153,110
25,731
263
169, 52i
376, 8i6
25,841
263
4
2
1
5,388
843
260
223
13
liO,278
1,175
95,840
40,084
11.
142,503
55
360,761
361,608
164,741
116,375
2_
116,640
25,504
263
25,732
263
Other gatns, or losses (-):
Charge-off s
Gain, 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 (-), before change in
valuation allowances
15,238
48,101
108
24,918
15,238
48,101
108
24,918
15,238
48,101
108
43,765
24,918
24,593
15,238
269,521
48,101
142
108
67
39,831
317,622
250
67
27,021
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
-2,103
-2,103
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-).
CHANGES IN ACCUMULATED NEI 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
Balance at end of reporting period
Footnotes at end of Section II I-
-6,944
61,739
Treasury Bulletin
120
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Sectlon III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 1.- Summary by Specified Clasees of Activities
(In thousands of dollars)
Account
:
:
December 196J
121
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Agriculture Department
Agency for International Development
Account
Total
1/
Alliance for
Progress,
development
loans
FUNDS APPLIED TO OPERAIIONS
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
6,744,536
630,635
306,189
55,572
385,884
8,122,815
9,117,909
36.320
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
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 (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasiiry
Capital and surplus advances from the
U,
S.
5,615,998
7,345,077
Treasxiry
193,947
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
13,155,022
432,506
97,330
513,268
Total funds provided by financing
14,198,126
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.
239,703
6,884,667
6,512
107,401
77,547
11,887
7,327,718
270,121
384,268
1.892.454
9.374,561
4,323,565
191,080
Development
loans
Development
loan fund
liquidation
account
Forei^
investment
guaranty
fund
Commodi ty
Credit
Corporation
Federal
Crop
Insurance
Corporation
2/
122
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Agriculture Department - (Continued)
Account
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 ovmed Government enterprises
Other
Direct
loan
account
Emergency
credit
revolving
fund
Agricultural
credit
Insurance
fund
328,572
62,279
154,465
i.8
7
14
328,676
62,294
154,481
12,573
4,359
404
2,206
Total funds applied to operations
341,250
67,057
156,759
243,311
96
57,217
138,704
114
Aviation
war risk
insurance
revolving
fund
Area
Redevelopment
Administration
Area
redevelopment
fund
2
3,085
124
73
157
67
15
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
243, 56i
57,285
138,832
41,433
2,388
4,378
Total funds provided by operations
286,238
59,673
143,210
55,012
7,384
13,549
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
Expansion
of defense
production
56
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
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
Rural housing
for the
elderly
revolving fund
12/
Commerce Department
124
3,085
274
274
15
346
1,608
15
620
1,477
-13
-496
1,000
_!J_
495
1,000
13
496
-13
-496
1,241
1,608
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
1,000
88,910
Total Increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
55-012
7.384
Total funds provided by financing
55,012
7,384
88,910
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
1,477
1,000
1,477
74,585
75,361
Total funds applied to financing
Footnotes at end of Section.
1,000
74,585
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
Net effect of financing (excess of funds
applied (-), or provided)
1,477
55,012
7,384
13,549
(Continued on following page)
1,477
::
December 1961
123
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES-
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Defense Department
Coinmerce Department - (Continued)
Air Force
Department
Maritime Administration
Inland
Waterways
Corporation
(in
Federal ship
mortgage
insurance
liquidation)
fund
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
5U
11,9^5
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital,...
12,509
Total funds applied to operations
12,572
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
625
24.0
752
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
625
992
175
25
3,07i
i07
Total funds provided by operations
826
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-825
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S,
Government
,
Appropriations enacted
Borrowings from the U. S, Treasury
advances
from the
Capital and surplus
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
3,675
Total funds provided by financing
3,675
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)
i,500
i,500
^,500
-325
Vessel
operations
revolving
fund
War risk
insurance
revolving
fund
Army
Department
Navy
Department
Defense production guaranties
124
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES-
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Defense Dept,
(Continued)
Office of
Civil Defense
AcGoxmt
Civil defense
procurement
fund
HEW Department
Interior Department
Public Health
Service
Social Security
Administration
Operation of
commissaries,
narcotic
hospitals
Bureau of
Federal Credit
Unions
Bureau of
Indian Affairs
Revolving
fund for
loans
Liquidation
of Hoonah
housing
project
Office of
Territories
Alaska
Railroad
Loans to
private
trading
enterprises
Alaska
Railroad
revolving
fund
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
6,008
1,950
18
,
Total funds applied to operations
46
249
4,166
46
249
4,184
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 (-))
128
6,008
128
1,950
12,295
6,008
128
816
99
14.245
31
46
41
87
-41
245
1
246
4,315
816
99
331
7
1
4,316
1,147
-132
4,861
14,894
266_
15.187
23
-942
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
4,000
Total increase in investment of the U. S.
Government
Increase in other borrowings,
Decrease in investment holdings
Decrease in selected cash and fund balances
4,000
Total funds provided by financing
861
23
4,861
23
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
Increa se in investment holdings
Increase in selected cash and fund balances
41
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
-41
132
942
132
942
-132
(Continued on following page)
4,861
23
-942
:
December 196 J
125
CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior Department - (Continued)
Bureau of
Mines
Development
and operation
of helium
properties
Bureau of Commercial Fisheries
Federal ship
mortgage
insurance fund,
fishing vessels
Fisheries
loan fund
Bureau of Reclamation
Fund for emergency expenses.
Fort Peck
project, Mont.
Upper
Colorado
River Basin
fund
Virgin
Islands
Corporation
Expansion
of defense
production
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 ovmed Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
FimDS 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
791
3,722
848
41,645
1,149
61,252
4,268
7,990
795
848
102,897
1,154
6,357
248
1,443
67
3,603
4,827
218
1,013
467
U,347
1,043
2,291
106,567
6,199
1,431
50
266
2,016
12
6
16
35
23,381
458
Total funds provided by operations
?3,855
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-9,508
91
2,029
16
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
13
7
-20
266
15
5,554
2,425
15
5,645
266
-1,382
106,552
554
1,214
108, 576
1,430
281
1,130
368
27
1,949
172
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
334
906
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 applied to financing
Net effect of financing (excess of funds
applied
(-
) ,
or provided )
Footnotes at end of Section.
108, 576
1,711
1,130
1,240
108,576
1,711
1,214
84
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
1,240
860
500
6.000
500
6,000
3.508
20
9,508
-9,503
-20
1,382
210
2.013
657
1,382
1,070
2,024
1,157
106,552
554
-1,382
(Continued on following page)
1,214
126
Treasury Bulletin
•CORPORATIONS AND CERTAIN OTHER BUSINESS-TIPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Labor Department
Bureau of Employment Security
Account
Advances to
unemployment
trust fund 6/
Farm labor
supply
revolving fund
Treasury Department
Post Office
Department
Postal
fund
Bureau of
Accounts
Office of the Secretary
Reconstruction
Finance
Corporation
liquidation
fund
Federal Farm
Mortgage
Corporation
liquidation
fund
Civil
defense
loans
Fund for payment of Government losses
in shipment
10
537
FimOS 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
173,500
101,463
45
107,408
2,179
4,617,182
5,946
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
173,500
Total funds applied to operations
173,500
FtM)S PROVIDED BY OPERATIONS
Realisation of assets:
Repayment of loans
Sale of acquired secxirity or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
,
Other
45
3
2,224
4,724,590
13
766
534
109
6,795
766
534
109
255,i12
537
2,970
3,825
Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital
255, i12
3,302
3i
3,266
I84
3,880,722
66,739
2,347
Total funds provided by operations
258, 7i8
3,450
3,954,256
3,129
534
148
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-85,2^8
-1,226
770,335
-3,127
-533
-135
40
16
536
FUNDS PROVIDED BY FlhlAMCING
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
840,241
3,220
Total Increase in Investment of the U. S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
559
Total funds provided by financing
559
843,461
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
473
843,461
473
536
135
534
.785
85.2A8
Total funds applied to financing
85,248
1,785
-85,248
-1,226
Footnotes at end of Section.
525
25,768
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
Net effect of financing (excess of funds
applied (-), or provided)
^25_
1,785
3.600
25,768
3,600
534
9
135
73,127
3,600
542
135
770,335
-3,127
-533
-135
47.359
(continued on following page)
536
.
::
I
December 1961
127
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued
(In thousands of dollars)
TreasxLTy Dept
.
- (Continued)
Office of
the Treasurer
Treasurer of
the U.S.
check
forgery insurance fund
,
Expansion
of defense
production
General Services Administration 29/
Reconstruction
Finance
Corporation
liquidation
fund
Office of the Administrator
Expansion
of defense
production
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans oade
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....
307
4,908
30
90,816
Total funds applied to operations
307
4,908
30
90,825
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
68,267
1,015
352
68,267
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
307
Total funds provided by operations...
309
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
2
4,705
1,136
74, 1C
151
47
198
-69,200
FUNDS PROVIDED BY FINAMCING
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 fxmd balances
Total funds provided by financing
FUNDS APPLIED TO FINAtKING
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.
380
380
530
69,780
69,780
4.561
69,780
-69,200
168
Housing and Home
Finance Agency
4.561
Defense
production
guaranties
College
housing
Public
facility
loans
Treasury Bulletin
128
.CORPORATIONS AM) CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
::
'
December i96J
129
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Home Finance
Agency - (Continued)
Account
Federal
Housing
Administration
Public
Housing
Administration
Veterans' Administration
Canteen
service
revolving
fund
Direct
loans to
veterans
and
reserves
Loan
guaranty
revolving
fund
?VmS 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
378,742
196,069
26,808
5H,365
561
646
6
3
115
253,082
Total acqxilsitlon of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
5U,929
378,882
646
196,134
27y,890
99,567
20,831
194,246
45,791
50,148
29,630
2,696
Total funds applied to operations
635,327
573,128
46,436
246,332
312,216
261,389
296,094
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
134
382,233
25,393
25
106
41
i5
186,848
382,339
41
261,389
296,094
238,065
5,360
6,561
46,781
366
67,311
3,819
39,043
Total funds provided by operations
500,376
394,261
47,138
332,519
335,137
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
134,951
178,867
-751
-86,187
-22,922
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
212,311
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
Increa se in other borrowings
Decrease In investment holdings
Decrease In selected cash and fund balances
432,506
4,965
8.895
Total funds provided by financing
446,366
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 )
194,882
261,000
200,000
455,882
200,000
242749
455,882
3,661
268,000
227
271,888
1
,500
1,500
270,094
41,322
286,187
5.127
311,415
277,014
1.500
134,951
178,867
-751
(Continued on following page)
236,187
-36,187
22
Rental,
maintenance,
and repair
of quarters
Servicedisabled
veterans
insurance
fund
Treasury Bulletin
130
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TlfPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Veterans' Administration - (Continued)
Soldiers
and
sailors
civil
relief
Veterans
special
term
insurance
fund
Vocational
rehabilitation
revolving
fund
Export-Import Bank
of Washington
Regular
lending
activities
Liquidation of
certain Recon'
struc tion
Finance Corporation assets
Farm Credit Administration
Short-term
credit
investment
fund
Banks for
cooperatives
investment
fund
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
Total funds applied to operations
1,129
498,729
31
13,600
12
1,U1
19
30,000
216
11,077
12,218
216
600,119
209
221
559,846
10
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
528,760
219
13,600
68,121
3,233
1
29
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
13,600
290
11,980
290
11,980
250,000
221
809,846
181,819
31,830
10
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
216
23
32,058
225
991 ,666
290
11,980
-19,840
-8
-391,547
13,310
-11,980
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
557,900
Total Increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in Investment holdings
Decrease in selected cash and fund balances
23
Total funds provided by financing
23
557,900
13,310
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 0. S.
Treasury, ...•.,............,.,,
General and special fund revenues
deposited
Other
911,200
12
35,000
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
12,632
7.208
Total funds applied to financing
19,840
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
13,310
557,900
946,200
23
-19,840
(continued on following page)
3.247
11.980
U7
11,980
949,
-391,547
13,310
-1
1
,980
:
December
'
19 6 J
131
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1963
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Federal Home Loan Bank Board
Account
Revolving
fund
Federal Savings and Loan
Insurance
Corporation
Home Ovmers
Loan
Corporation
(liquidated)
Panama
Canal
Company
Small
Saint
Business
Lawrence
Adminis tra tion
Seaway
Development
Revolving
Corporation
fund
Tennessee
Valley
Authority
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
Total funds applied to operations
251,419
509
9,279
14,613
38
137,816
1,257
41,969
387
Ill
9,318
14,613
1,257
294,233
137,816
3,216
8,427
98,283
72
6,081
348
51,937
433
203,977
13.723
18,177
112,968
7,686
346,221
355,515
156
19
7,i39
156
19
168,075
13,327
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of secxirities other than public debt
and issues of wholly owned Government
enterprises
Other
162,880
1,012
7,292
909
4,184
U7
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
13,320
127
274,282
104,447
6,230
38,024
2,753
Total funds provided by operations
13,
a6
281 ,720
104,603
6,249
208,852
-119
-263,543
8,364
1,437
137,368
Net effect of operations on expenditures
(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
300,000
1,400
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
,400
1
Total funds provided by financing
5,051
15
8,364
37
5,051
15
8,364
1,437
300,000
300,000
FUNDS APPLIED TO FINAMCING
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 )
14
268,594
162,632
119
268,594
-263,543
U
162,632
8,364
1,437
137,368
United States
Information
Agency
Informational
media
guaranty fund
132
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds
::
,
December 1961
133
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Commerce
Department ( Continued)
Account
Working
capital
fund
Defense Department
Office of
the Secretary
Defense
industrial
fund 12/
Air Force Department
Stock
fund
Industrial
fund
Army Department
Industrial
fund
Navy
Department
Corps of
Engineers
Industrial
fund
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
Total funds applied to operations
28
12,666
28
12,666
2,6il
10,845
1,344,894
4,217
429,054
749,080
270,737
2,100,657
2,670
10,845
1,349,110
429,054
749,080
283,403
2,100,657
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 (-))
764
764
11,666
l,50i
1,327,156
30
427,987
5,262
818,199
320.727
278,449
1.638
2,720
13,170
1,327,156
433,249
1,138,927
3,851
-51
-2,325
21,954
-4,195
-339,847
2,552
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
921
,
Total Increase In investment of the U. S.
Government
...•
.>
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
921
921
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.
69,254
2,552
69,254
552
47,300
47,300
3.246
51
3,246
47,300
-51
-2,325
21,954
(Continued on following page)
4.195
389.847
4,195
389,847
-4,195
-389,847
2,552
2,150
762
Treasury Bulletin
134
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
::
.
'
December i961
135
.
Section III
-
COKPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVTTIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Treasury
DepartmentContinued)
General Services Administration
Veterans
Administra
tion
(
Account
United States
Coast Guard'
(Continued)
Buildings
management
fund
Construction
services
public
buildings
y
General
supply
fund
Federal
telecoimnuni cations
fund 12/
Working
capital
fund
Supply
fund
Yard fund
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.,..
Total fxinds applied to operations
154
7U
16,003
154
114,
16,008
11,522
13,822
111
2,794
486,327
13,977
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
315,805
174,520
12
8,306
11,522
2,917
502,334
174,642
2,960
16
55
2,960
2
11,614
164
491,397
26,503
2,959
174,923
1,503
309,814
11,778
520,366
2,961
176,427
5,991
-256
-18,531
71
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
13,936
1,723
309,743
Total funds provided by operations
13,659
Net effect of operations on expenditures
(excess of f»mds applied, or provided (-))
-1
,682
,784
-1
FUMDS 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
38,500
9,000
33,500
9,000
9,000
Total increase in investment of the U S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
7,146
Total funds provided by financing
7,146
33,500
1,155
5,346
FUMDS 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
.
45
45
1,155
1,682
256
9,000
1,682
1,155
256
9,000
,632
5,991
-256
-1
1
45
,784
Treasury Bulletin
136
,
Section III
CORPORATIONS AND CERTAIN OTHER BUSINESS -T'XPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 4.- Certain Other Activities
(in thousands of dollars)
:
.
December 196 J
137
.CORPORATIONS AHD CERTAIN OTHER BUSIHESS-TYIE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
Interior Department
Accoxmt
Bonneville
Power
Administration
Southeastern
Power
Administration
Southwestern
Power
Administration
Treasury
Department
General
Services
Administration
Miscellaneous
loans and
certain
other assets
Public Works
Administration (in
liquidation)
FDNDS 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
Total funds applied to operations
34,950
1,371
18,2i8
121,656
46,358
18,2^8
4
1,371
202,964
25,169
2,887
12,000
2,642
278,708
43,417
2,892
13,371
434,314
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
58,731
154
82,651
154
141,382
1,216
22,547
1,319
17,725
207
948,036
1,5U
80,697
23,866
18,086
1,089,418
2,796
-37,281
-20,975
-4,715
-605,104
-2,796
42,921
800
12,000
121,656
10,941
2,375
53,862
3,175
12,000
121,656
53,862
3,175
12,000
170,656
128
334
10,952
775,760 28/
2,796 28/
24,141
10,952
775,760
2,796
91,143
24,150
16,714
775,760
2,796
-37,281
-20,975
-4,715
-605,104
-2,796
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
77,792
2,902
Total funds provided by operations
Net effe'ct of operations on expenditures
(excess of funds applied, or provided (-))
1,216
36
FUNDS PROVIDED BY FINAMCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S, Treaaiiry
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
.
49,000
48,095
29,237
21 ,432
2,375
77,460
5,762
13,683
Treasury Bulletin
138
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 5.- Certain Deposit Funds
(In thousands of dollars)
::
December 196J
139
.CORPORATIONS AKD CERPADI OTHER BUSmESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Total
26/
Agriculture
Department
Defense
Department
Justice
Department
Fanners Home
Administration
Army
Department
Federal Prison
System
State rural
rehabilitation
funds
United States
Soldiers Home
revolving fund
Commissary
funds, Federal
'
'
General
Services
Administration
National
Archives
trust fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans nfflde
Cost of security or collateral acqxilred..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
247,
H5
2,929
70
83
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
2i7,231
2,932
657,192
18,865
302
Total funds applied to operations
923,288
3,233
9^8,176
2,426
FUtiPS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collsteral,.
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 (-))
12
140
58
2,485
437
2,467
433
2,467
433
11
11
2,436
1,020
296
129
1,698,695
3,751
130
1
10
FUWDS PROVIDED BY FINANCING
585,920
Total increase In investment of the U, S.
Government
Increase in other borrowings
Decrease in Investment holdings
Decrease in selected cash and fund balances
585,920
519,035
99,169
23,214
33
10
1,232,338
33
10
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
585,920
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
535,920
1,116.053
304,098
1,674
551
Total funds applied to financing
2,007,745
551
-775,406
-518
Net effect of financing (excess of funds
applied (^), or provided)
Footnotes at end of Section.
(Continued on following page)
366
Uo
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 funds provided by financing
2,397
18
948,187
2,310
741,262
6,436
-775 ,406
12
10
140
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1963
Table 6.- Certain Trust Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Home
Finance Agency
Federal National
Mortgage Assoc.
Account
Secondary
market
operations
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 Govemment enterprises
Other
2U.,216
Total funds applied to operations
393,967
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 (-))
Employees
health
benefits
fund
Employees
life
insurance
fund
Retired
employees
health
benefits
fund
Federal
Communications
Commission
International
telecommunication
settlements
2U,216
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
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
Civil Service Commission
U9,752
361 ,604
116,637
15,864
25,731
263
2,915
364,519
132,501
25,732
273
376,846
164,741
25,841
34
263
1,124,190
376,846
164,741
25,874
263
-730,222
-12,326
-32,239
-143
10
585,920
519,035
97,638
2,443
2,099
23,597
1,205,036
2,099
23,597
10
945,751
945,751
2,810
169,524
6,105
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
585,920
1,531
10
1,531
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
585,920
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
585,920
1,116,053
233,285
14,426
55,836
Total funds applied to financing
1,935,258
14,426
55,836
1,674
-730,222
-12,326
-32,239
-143
Net effect of financing (excess of funds
applied (>- ) , or provided )
Footnotes at end of Section
.
10
1,674
10
-
December 196J
Ul
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Sections
1/
2/
2/
V
^
6/
7/
8/
^
10/
11/
12/
13/
iV
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 1963 Bulletin.
Rural housing for the elderly revolving fund, shown under this
heading on page IO6 of the November 1963 Bulletin, did not have any
income or expense during the fiscal year 1963,
Includes operating and administrative expenses funds.
Includes interest expense of $3,250 thousand on capital stock.
This amount reflects changes in treatment accorded collections of
interest as deposits to general and special accounts instead of
being netted against accumulated net income or deficit.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund,"
Includes interest expense on advances from appropriations and on
paid-in capital.
Public service revenue was included as other income in the fiscal
year 1962.
No appropriations for public service funds were provided
by the Treasury Department for the fiscal year 1963 xinder provisions
of an act approved October 11, 1962 (39 a.S.C. 2303 (a)).
Includes unreimbursed costs of $26,309 thousand performed by other
agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for workmen' s compensation and unemployment con^jensation for postal en^loyees, and certain custodial and
maintenance costs of public buildings. Expenses include certain
nonpostal services rendered to other agencies without reimbursement
and other public service costs and losses which, under provisions
of an act approved October 11, 1962 (39 U.S.C. 2303 (b)), are to be
excluded in adjusting postal rates and fees,
The operating deficit as of June 30, 1962, 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 1963,
The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
Revised to give effect to transfer of retained earnings to the loan
guaranty revolving fund,
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 115 of the November 1963 Bulletin, did not have any income
or ejqjense during the fiscal year 1963.
I5/
II and
III
Includes $A^ thousand representing claims paid on credit risk insurance.
Represents interest on the net direct investment of the United States
Government in this Corporation.
12/ Represents interest on funds advanced to the Administration by appropriations.
18/ Represents net income of $55,103 thousand from power operations, and
net loss of $16,84-3 thousand from nonincome-producing programs during
the fiscal year 1963,
19/ Included beginning June 30, 1963.
20/ Excludes unfunded costs consisting of depreciation on plants and
Office of
equipment, military personnel, and other costs as follows:
the Secretary, $160 thousand; Air Force, $227,505 thousand; Array,
$109,726 thousand; and Navy, $120,4-30 thousand.
21/ Includes contractual services and other costs.
22/ Federal telecommunications fund, shown under this heading on page
120 of the November 1963 Bulletin, did not have any income or expense
during the fiscal year 1963.
23/ Export-Import Bank of Washington - Agent for certain Mutual Security
Act loans, formerly shown in a separate column in this table, is now
included with Agency for International Development - U, S, dollar
and foreign currency loans.
24/ 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)).
2^/ Represents rural housing and other loans, and salaries and expenses.
26/ 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 I963 Bulletin. Certain other activities are included in
this Section only on a fiscal year basis at the present time.
27/ Excludes noncash transactions amounting to $1,917,664 thousand representing loans exchanged for commodities and other adjustments.
28/ Represents deposits of principal and interest.
Abaca
fiber program, shown under this heading on page 111 of the
29/
November 1963 Bulletin, did not have any funds applied or provided
during the fiscal year 1963.
*
Less than $500.
Revised.
r
16/
Treasury Bulletin
U2
.CUMDLATIVE TABLE OF CX)HTEHTS,
January through December 1963
Issue and page number
1963
Reporting bases.
Articles:
Treasury financing operations.
ary of Federal fiscal operations .
Jan.
Feb.
Mar.
Apr.
II
II
II
II
A-I
A-1
A-1
1
1
1
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions,
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1962.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund transactions excluded from both net trust accoxint
receipts and net trust account expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by Issues ^latest date September 30, 1963^-
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
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account..,.
Summary of cash transactions through Treasurer's account
Account of the Treasurer of the United States:
Status of the Account of the Treasxirer 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:
Uatxirity 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 Treasxiry bills
Securities issued in advance refunding operations
Allotments by Investor classes on subscriptions for public
marketable securities other than regular weekly Treas\iry bills,...
Disposition of matxired public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) Issued to official
Institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
May
Jiine
July
Aug.
Sept.
II
II
II
II
II
II
II
A-I
A-1
A-1
A-1
A-1
A-1
A-1
A-I
1
1
1
1
1
1
1
1
Nov.
2
3
4
5
6
7
8
10
10
10
10
10
10
12
12
11
11
10
10
12
12
10
10
10
10
11
11
11
11
12
13
14
12
13
11
12
13
14
11
12
11
12
12
12
13
10
11
13
13
15
14
13
15
13
13
14
12
12
U
U
16
15
14
16
14
14
15
15
13
13
15
16
16
17
18
15
16
16
17
18
19
19
9
9
10
11
14
15
15
16
17
16
16
17
18
19
15
20
17
16
20
17
15
20
16
14
19
16
21
18
17
21
18
16
21
17
15
20
17
18
19
22
19
18
20
21
19
20
22
23
24
19
20
21
17
23
18
13
19
20
16
17
18
21
22
19
22
23
24
20
22
25
27
22
21
25
2A
23
27
22
24
20
22
25
27
21
23
19
21
24
26
23
24
28
25
26
24
25
28
24
28
29
24
29
25
26
23
29
22
23
28
25
25
26
30
30
31
27
27
28
26
26
27
30
30
31
27
27
28
25
25
26
30
30
31
26
26
27
24
24
25
29
29
30
26
27
28
31
32
33
28
27
28
29
31
32
33
28
29
30
26
27
28
31
32
33
27
28
29
25
26
27
30
29
30
29
34
31
30
34
31
29
34
30
28
33
30
35
32
31
35
32
30
35
31
29
34
31
33
35
36
38
40
33
35
37
32
34
36
36
38
40
33
35
37
31
33
35
36
38
40
32
34
36
30
32
34
35
37
40
39
43
41
39
44
40
46
38
44
43
49
2i
39
25
23
27
31
32
39
46
51
45
44
48
47
45
50
48
46
51
50
55
48
47
51
50
48
53
51
49
54
54
53
57
56
54
59
58
56
61
61
60
58
63
55
54
(Continued on following page)
58
58
56
December 196J
U3
.CTMJLATIVE TABLE OF COITIENTS.
January through December 1963
-
(Continued)
Issue and page number
1963
United States savings bonds
Cujmilative sales and redemptions by series
Sales and redemptions by periods , all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined
Sales by States , Series E and H combined
Feb.
Mar.
Apr,
May
June
62
62
63
65
66
67
56
56
57
59
55
55
56
58
59
59
59
59
60
62
63
60
62
57
58
60
60
59
64
63
61
59
July
;
57
57
58
60
Ownership of Federal securities
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
57
:
61
Treasury survey of ownership of Federal securities
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1963)
61
68
69
60
61
60
64
65
63
64
61
62
63
70
62
61
66
65
63
66
68
65
67
70
72
69
71
69
70
68
73
69
74
72
73
70
71
71
72
72
73
74
70
71
71
72
73
75
74
76
76
77
78
75
75
72
73
73
74
75
62
;
74
Market quotations;
End-of-month closing quotations on Treasury securities by issues....
Chart - Yields of Treasiiry securities
67
69
78
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
70
71
81
72
73
73
74
75
83
84
:
Monetary statistics
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
September 30, 1963 ).
82
:
Exchange Stabilization Fund (latest date June 30, 1963).:
Balance sheet
U. S. stabilization agreements
Income and expense
84
85
76
77
75
73
75
76
77
77
74
76
77
77
75
75
National bank reports
Earnings, expenses, and dividends for calendar years 1958-62
:
78
International financial statistics
U. S. gold stock, and holdings of convertible foreign currencies
by U S monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
institutions of foreign countries
:
.
.
•
78
'
Capital movements between the United States and foreign countries:
Summary by periods beginning 1946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners
Purchases and sales of long-term securities by foreigners,
76
79
78
75
76
79
78
80
76
79
77
91
87
95
96
83
84
84
85
85
86
97
80
90
'86
90
87
91
87
Foreign currencies acquired by the U. S. without purchase with
dollars
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
:
and certain other business-type activities:
of financial condition (latest date June 30, 1963)
expense (latest date June 30, 1963)
"'l'\
application of funds (latest date June 30, 19631
75
79
82
latest month
Short-term liabilities and claims reported by nonfinancial concemg
Long-term liabilities and claims reported by banks and bankers
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
during
Purchases and sales of long-term securities by foreigners
calendar year 1962
Corporations
Statements
Income and
Source and
87
90
90
101
•••
I
91
109
Aug.
Sept.
Oct.
Nov.
I'
;
TREASURY DEPARTMENT
POSTAGE AND FEES PAID
U.S. TREASURY DEPARTMENT:
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25. D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
STAT E S
SAVINGS
BONDS
Ii
...J
Treas.
HJ
10
.kl
1963
C.2
U.S. Treasury Dept.
Treasury Bulletin
@FedFRASER