Full text of Treasury Bulletin : December 1964
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UBRARY
ROOM
SEP
5025
81965
TREASURY DEPARTMENT
LIBRARY
Ronivi
JUN
?,
BO'^o
3 1972
TREASURY DEPARTMENT
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TREASURY DEPARTMENT
Treasury Department
U.S.
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON,
D.C.
20226
OFFICIAL BUSINESS
.<-'^
i:
DECEMBER
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1964
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11.1"'
'm'
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
The Treasury Bulletin is for sale by the
Superintendent of Docximents,
U. S. Government Printing Office, Washington D.C. 20^4.02
Subscription per year $8.50 domestic, $11.00 foreign
Single copy price varies
.
becemher 1964
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
11
Consolidated cash transactions
16
Account of the Treasurer of the United States.
.
19
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
64
Ownership of Federal securities
68
Treasury survey of ownership of Federal
securities
70
Market quotations on Treasury securities
7U
Average yields of long-term bonds
77
Monetary statistics
79
International financial statistics
82
Capital movements
°6
Corporations and other business-type activitiesincome and expense, and source and application
103
of funds
Cumulative table of contents
14-8
1
Treasury Balletm
II
i
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Balances of the United States Government" snf
In the "Treasury Bulletin" are based largely on two Treasury
for actual receipts and expenditures in the "Budget of th^
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-
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money."
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.
Beginning with the final statement for the
fisca:!
year i960, the monthly statement reports totals for nefl
budget receipts and budget expenditures after deductloil
of certain interfund transactions which are Included
liH
the detail of both budget receipts and budget expenditures.!
The transactions deducted consist of interest payments
an<^
minor amounts of certain other payments made by Governmeni]
agencies to the Treasury.
This reporting change was made
1]
accordance with the plan stated in the President's Budgefj
The monthly statement of receipts and expenditures
was first published for February 1S3^> and replaced the
dally statement as the primary source of information on
Message of January IS, i960.
budget results and other receipt and expenditure data
classified by type of account.
At the same time, the
September i960 Issue. The Interfund transactions deductec
under this procedure do not Include payments to the Treas-
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retiremenij
and withdrawals affecting the account of the Treasurer of
of their capital stock and for disposition of earnings,'
These capital transfers have been excluded currently froil
budget receipts and budget ejqiendltures beginning July 1,
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953»
195''-,
The announcement of February 1/,
with respect to these reporting changes may be found
in the April 1954 issue of the Bulletin.
The monthly statement shows all receipts and eacpendl-
tures of the Government,
Including those made from cash
accounxs held outside the United States Treasury. The
Information is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies, including those agencies which maintain
checking accounts in oommerolal banks.
These reports cover
transactions recorded in the accounts of the agencies
during the reporting period.
The net of the transactions
or deficit.
It does not affect the surplu,'
Figures for earlier periods shown in the Treas;
ury Bulletin were revised to the new reporting basis in
th(
and figures for prior fiscal years back through 193;
194^,
were revised accordingly at that time.
The dally statement on the new basis was first Issuei
for February 17,
195'*'»
In the deposits and withdrawals
aij
shown, no distinction is made as to the type of acoounti
(budget,
trust,
etc.).
The deposits are on the basis
certificates of deposit cleared through the account of
01
thtj
Total withdrawals are
01
the basis of checks paid or cash disbursements made out
ol
Treasurer of the United States.
the Treasurer's account.
Some of the withdrawal
classl-'|
flcations shown are reported on the basis of mailed reporti
of checks issued and are adjusted by means of clearing
ac-
as compiled from these reports Is reconciled in the monthly
counts to the total of checks paid.
statement to changes In the balance in the Treasurer's ac-
minor amounts, noncash interfund and other Intragovernmenta
count and in cash held outside the Treasurer's account and
The public debt figures in th<
dally statement also are on a "clearance" basis, with thi
exception of those issuance and retirement transactioni;
reported on the basis of telegrams from Federal Reserve
changes In the public debt outstanding.
Receipts of taxes and customs duties are reported on a
oolleotione basis.
Other receipts are reported partially
Except for relativelj
transactions are excluded.
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 re-
The dally statement before February 17, 195'^-i covered'
not only transactions cleared through the Treasurer's ac-
ported on the basis of checks Issued or cash payments made
by disbursing officers.
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual issuance of checks may not be involved.
Interest on the public debt is included on an
noncash Interfund and other Intragovernmental transactions,
It provided information similar to that in the present dall
accrual basis beginning with figures for June 1955 aJ^d
the fiscal year 1955»
Prior to that, It was Included on
coxint,
a due and payable basis.
The same reporting basis as that
count but also certain Government agency transactions whlol
were handled through commercial bank accounts, and includec
statement with respect to the status of the Treasurer's
ac-
and similar to that In the present end-of -month dall
statement with respect to debt issuance, retirement,
an<
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 showi
Receipts and expenditures, however,
weri-
December 1964
III
Reporting Bases
n the dally statement were used ai the basis for
:,he
ly
(Continued)
reflecting
dled through commercial bank accounts, consisting of market
results under the President's budget program as enacted
transactions In public debt and guaranteed securities, were
the Congress.
Receipts were on the basis of deposits as they cleared
Treasurer's account.
Expenditures cleared through the
Treasurer's account were reported on two successive
Through 191^6 they were on the basis of checks paid
pases.
;he
-
as reported by the agencies.
Interest on the public debt
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
the
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of gold
py the Treasurer of the United States. Beginning with I947,
lixpendltures made through the facilities of the Treasury
and silver and the amounts of coin and currency In the money
Division of Disbursement were on the basis
checks Issued, while certain others, principally those
statement, however, and the figures are based on transactions consummated during the reporting period even though
the Department of Defense and Its predecessor organlzawere on the basis of checks paid. Transactions han-
that period.
bepartment
)f
(if
nlons,
,
ote;
'
8
supply of the country.
It Is Issued later than the dally
some may not have cleared the Treasurer's account during
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
.
.
December 1964
iUl
Treasury F Inane li^ Operations
Tax Anticipation Bills
On November 10, 196^., the Treasury invited tenders for
|1.5 billion, or thereabouts, of 210-day tax anticipation
bills.
specific rate or price, until after one-thirty p.m., eastern
standELrd time, November 17, I964..
The auction was held on November 17.
The new tax anticipation bills are dated November
24.,
One-Year Bills
They will be accepted at par
Tenders were Invited on November 18, for the auction on
income taxes due June 15, 1965; to the extent
November 24, for $1.0 billion, or thereabouts, of 365-day
they are not presented for this purpose the face amount will
Treasury bills, for cash and in exchange for Treasury bills
1964, and mature June 22, 1965.
In payment of
be payable without interest at maturity.
Issued in bearer form
maturing November 30, I964.
Dated November 30, 1964, the
only, the bills are in denominations of |1,000, $5,000,
new one-year bills mature November 30, 1965, when the face
$10,000, $50,000, $100,000, $500,000, and $1,000,000 (maturity
amount is payable without interest.
value)
bills described in preceding paragraphs,
Like the tax anticipation
the one-year bills
were issued in bearer fonn only and in denominations of $1,000,
Tenders received totaled $3,703 million, of which $1,504
million (including $206 million of noncompetitive tenders),
$5,000, $10,000, $50,000, $100,000, $500,000, and $1,000,000
(maturity value).
was accepted at the average bank discount rate of 3.639 per-
Noncompetitive tenders for $200,000 or less (without
Of the total $2,497 million tenders received, $1,001
stated price) from any one bidder were accepted in full at the
million (including $52 million entered on a noncompetitive
average price of accepted competitive bids.
basis) was accepted at the average bank discount rate of 4-068
cent.
This was the highest average rate for one-year bills
percent.
Payment for accepted tenders was required to be made or
completed in cash or other immediately available funds on
Novanber 24.
Any qualified depositary, however, was permitted
to make payment by credit in its Treasury tax and loan account
for not more than 50 percent of the amount of tax anticipation
since the issuance in September 1963 of the first one-year
bills in the monthly cycle.
Noncompetitive tenders for
$200,000 or less (without stated price) from any one bidder
were accepted in full at the average price of accepted com-
petitive bids.
bills allotted to it for itself and its customers up to the
Payment for accepted tenders had to be completed on
amount for which it was q\ialified in excess of existing de-
November 30, 1964, in cash or other immediately available
posits.
funds or in a like face amount of Treasury bills maturing on
Banking institutions generally could submit tenders for
account of customers provided the names of the customers were
set forth in such tenders.
that date.
Payment ty credit in Treasury tax and loan accounts
was not permitted.
Others than banking institutions
Tenders were
Requirements relating to submission of tenders were
received without deposit from incorporated banks and trust
the same as those for the tax anticipation bills issued
companies and from responsible and recognized dealers in in-
November 24, 1964.
could submit tenders only for their own account.
vestment securities.
Others were required to accompany tenders
with payment of 2 percent of the face amount of the tax antici-
13-Week and 26-Week Bills
pation bills applied for, unless the tenders were accompanied
by an express guaranty of payment by an incorporated bank or
trust company
$8.8 billion, refunding an equivalent amount of bills maturing
(including $0.4 billion of the strip bills issued July 29,
All bidders were required to agree not to purchase or to
sell, or to make any agreements
November issues of regular weekly Treasiiry bills totaled
with respect to the purchase
or sale or other disposition of any bills of this issue at a
1964).
The new bill issues consist of four 13-week issues
of $1.2 billion each and four 26-week issues of $1.0 billion
each.
Except for the bills issued November 27, which mature
A-2
Treasury Financing Operations
in 90 days and 181 days, respectively, all the new bills have
91-day or 182-day maturities
.
Average rates of discount are
shovm in the table following.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
-
(Continued)
December 1964
SIM4ARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
Surplus,
or
deficit
(-)
Fiscal years:
1^50..
1951
1952
1953
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
89,459
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965 (Est.)..
Calendar years;
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
Months:
1963-Jan.
Feb..
Mar..
Apr.
Hay..
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec.
1964- Jan
Feb
Mar.
Apr.
May.
.
,
. .
. .
June««,
July
August. .
September.
October. .
November.
.
1965 to date.
.
91,500
39,
5U
43,970
65,303
74,120
67,537
64,389
66,22i
68,966i
71,369
80,342
76,539
81,515
87,787
92,642
97,684
97,200
Net of
trust
and other
transactions
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,2Z4
-3,856
-6,378
-6^266
-8,226
(-)
99
679
147
435
328
231
483
-214
-401
-250
-303
284
-194
195
633
-329
-50
-602
436
97
522
-523
551
7a
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
5,533
7,305
9,663
5,735
6,953
12,061
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
542
1,857
-1,854
-516
4,346
-126
404
-270
3,547
7,290
10,095
3,400
7,131
8,803
7,863
8,305
7,815
8,776
7,784
8,289
-4,316
-1,015
2,279
-5,377
-652
514
192
-7
155
93
135
76
5,853
8,047
10,148
6,609
6,136
12,401
8,492
7,521
7,871
7,930
7,511
9,527
-2,639
526
2,277
-1,322
-1,375
2,874
-130
-436
-674
3,487
6,653
10,072
3,398
7,037
7,410
8,083
8,450
8,329
7,051
-3,923
-1,430
1,622
-4,930
-15
-40
66
-130
366
171
-8,675
432
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
311
815
-41
101
739
-259
267
1,092
-691
23
-693
234
729
168
269
-223
-529
581
-41
607
Levels, end of period
Debt outstanding
Treasurer'
account
balance
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
37
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
312,526
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
238,862
298,212
306,099
312,164
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
309,724
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
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
11,036
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
311,713
4,787
2,536
8,500
316,500
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
1,015
-134
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
7,375
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
309,347
103
104
109
127
156
330
518
742
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
-53
1,221
-1,645
173
2,038
656
-2,024
1,961
806
-1,672
978
4,558
5,485
303,417
304,638
302,993
303,166
305,204
305,860
531
541
548
562
577
607
303,948
305,179
303,541
303,728
305,781
306,466
303,577
7,446
8,252
6,579
7,558
12,116
-1,025
1,700
100
-193
1,773
1,132
-5,118
-152
2,938
-5,273
760
2,105
6,998
6,846
9,783
4,510
304,835
306,535
306,635
306,442
308,215
309,347
647
674
693
705
718
742
305,482
307,209
307,328
307,147
308,933
310,089
305,115
306,842
306,962
306,781
308,567
309,724
428
-357
392
133
95
355
-770
1,780
-767
-1,989
3,931
181
-3,111
2,531
1,861
-2,571
2,215
2,735
4,264
6,795
8,656
6,085
308, 577
762
793
818
802
805
813
309,339
311,150
310,408
308,402
312,337
312,526
308,975
310,786
310,045
308,040
311,975
312,164
-393
-903
-4,886
312,004
848
886
3H,938
-4,498
2,412
8,104
311,183
314,089
315,610
315,635
318,486
821
-595
-530
2,906
1,520
26
2,851
834
316,496
316,456
319,320
311,643
314, 577
316,135
316,096
319,034
-1,462
6,773
-2,932
8,104
318,486
834
319,320
319,034
530
-6
-145
507
448
196
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
635
-206
864
-260
-320
85
31
-830
402
204
-495
383
387
41
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 including
effects of proposed legislation, are from the Review of the 1965
Budget, released October 26, 1964. More details for data -on this page
are shown in succeeding tables
1/ Excess of receipts, or expenditures (-).
For detail, see pages 11-15.
2/ For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June and
the fiscal year 1955 (previously included from November 1949 as
interest checks and coupons outstanding); also deposits in transit
and changes in cash held outside the Treasury and in certain other
accounts beginning with the fiscal year 1954. Net increase, or
decrease (-).
Source:
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
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
5,853
-5,700
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
94,188
39,322
debt, or
decrease
1/
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
87,516
30,647
Clearing
account,
etc. 2/
Net
increase
in
public
83
640
3,400
5,270
7,375
8,300
11,036
6,150
6,789
10,189
5,691
310,357
309,590
307,601
311,532
311,713
20
29
46
52
81
44
74
107
101
111
140
240
444
607
813
24
42
54
76
34
53
821
304, 809
303,172
303,359
305,413
306,099
2/ For current month detail and list of acts, see section oh "Statutory
The limitations In
Debt Limitation" in each issue of the Bulletin.
effect during the period covered by this table and the date when each
on
June 26, 1946; $281
billion
follows:
$275
became effective are as
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; $230 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; $307 billion on May 29,' 1963; $309 billion on
July 1, 1963; $315 billion on December 1, 1963; and $324 billion on
June 29, 1964.
n.a.
Not avHllable.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITQRES
Table 1.- Receipts by Principal Sources
December 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITaRES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
Dividends
and other
earnings
Realization upon
loans and
investments
Recoveries and
refunds
Sale of
Government
property
Royalties
Sale of
products
Seigni Drage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Fines,
Rents
penalties
and forfeitures
Other
1/
6
etc.
438
674
506
1,111
328
328
587
436
266
322
343
114
79
90
93
96
387
345
325
392
312
304
350
374
49
4,064
628
745
601
967
1961.
1962.
1963.
1964.
4,082
3,206
4,436
4,077
942
877
765
955
805
743
860
1,012
182
154
114
371
200
130
330
342
370
409
55
58
1,076
752
343
263
263
331
1965 (Est.
4,5bl
n.a.
1964- Jan..
Feb..
Mar.
352
591
313
125
56
32
27
4
7
Apr.
May.
June.
240
243
387
17
40
119
July.
Aug..
739
493
323
85
Sept.
252
12
Oct..
Nov. .
294
429
10
18
2,037
618
1957.
1958.
1959.
19to.
.Y.
2,749
3,196
3,158
25
984
n.a.
121
124
131
H/
94
437
74
14
11
79
48
n.a.
n.a.
7
1
5
26
5
13
9
11
8
1
5
12
9
1
6
8
5
1
13
11
12
2
53
57
45
69
81
62
101
70
89
5
3
12
11
13
6
7
-13
10
29
11
36
23
24
8
13
20
4
10
20
29
30
-12
4
66
38
23
92
35
18
11
6
1
6
29
5
-20
32
36
29
93
104
61
5
1
7
22
20
10
25
28
3
1
4
96
34
3
U
43
24
1
93
118
11
11
38
36
28
25
74
9
-8
478
238
57
23
175
182
62
78
is
58
73
72
266
92
87
34
36
76
105
15
Includes adjustments as follows for:
Income taxes not withheld,
March -$6 million, June +$106 million, August -$U milliontand N-ivember
-$5 million; income taxes withheld, March -$50 million, June -$57
million, August -$78 million, and November -*-$27 million; transfers to
Federal Old-Age and Survivors Insurance Trust Fund, March +$52 million,
June -$4.6 million, August +$80 million, and November -$24. million; and
transfers to Federal Disability Insurance Trust Fund, March +$4 million,
June -$2 million, August +$2 million, and November +$2 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) are excluded from the transfers of tax receipts
shown herein, and are included with refunds 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
deposited for old-age insurance. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasxiry (42
U.S.C. 401 (a)), and are adjusted in later transfers on the basis of
wage and self -employment income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C. 401 (b)).
The act appropriated to the trust fund ajuounts
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from time
to time to the trust fiond on the same basis as transfers to the Federal
Old-Age and Survivors Insurance Trust Fund. Rates of tax were increased by the percentages appropriated to the Federal Disability
Insurance Trust Fund, the increase being applicable to wages paid and
taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
31
30
45
effect of proposed legislation.
J/ Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering IF. S. ports), bullion charges, gifts and contributions,
and undistributed proceeds, sale of foreign currency,
n.a- Not available.
Footnotes to Tabic
10/
100
101
110
118
44
10
7
81
Actual figures through 1961 are from reports to the Treasury
Department by disb-orsing 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 Review of the 1965 Budget released October 26, 1964, including
2/
20
23
23
16
n.a.
Source:
7/
8/
28
86
93
325
1965
to date.
6/
160
161
133
111
49
53
54
59
1
12/
12/
lA/
1^
"
n.a.'
(Continued)
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Employment Security Act of I960, approved September 13, t960 (42
U.S.C. 1101), established in the Unemployment Trust Pond, an adminsistration 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 is to be paid the administrative expenses of the
employment security program. Previously the corresponding amounts
were included, respectively, in budget receipts and budget
expenditures.
The Highway Revenue Act of 1956, as amended, (23 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 tioist
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.
Not available.
Treasury Bulletin
ATMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
100
75
50
25
December 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(Ir millions of dollars)
Legislative
Branch
Fiscal year
or month
Judiciary
118
126
1961
of the
to the
President President
97
99
1957
1958
1959
I960
Executive Funds
Office
appropriated
39
10
4,115
U.
47
49
11
4,081
5,006
4,875
56
56
4,109
1,764 2/
7,091
5,419
70
29
23
23
1,308
2,053
3,968
4,119
5,929
6,669
7,735
52
57
62
65
13i
153
Commerce
Department
Military
562 2/
645
382
539
38,439
39,062
41,233
42,824
639
733
807
902
2,295
2,645
3,092
3,403
44,677
48,205
48,252
49,760
971
3,685
4,215
4,909
5,498
1,252
88
70
76
85
1962
1963
1964
U7
7,"897
498
594
676
686
1965 (Est.)...
168
325
3,882
6,786
779
48,600
15
16
2
192
788
567
567
65
4,117
4,040
4,143
519
76
253
353
57
152
1964- January.
February.
March , . ,
April
May
June
.
.
281
171
9
13
12
13
.
333
363
634
July
August. .
September
11
12
19
330
247
1,068
979
689
October .
November.
13
12
253
326
870
546
4,152
F.Y. 1965
to date.
196
66
29
1,351
Health,
Education,
and
Civil
functions Welfare
Department
Defense Department
culture
Department
53
48
999
1,128
1,153
4,215
4,265
5,114
31
91
75
132
214
229
250
258
572
666
549
525
908
1,029
1,124
914
797
770
307
408
370
578
347
5,707
1,165
351
511
495
374
513
93
99
72
35
25
26
77
-15
145
28
59
30
538
210
668
73
29
24
26
4A
64
77
24
84
87
26
26
457
468
493
115
112
36
28
70
32
59
73
33
137
27
74
73
95
45
114
40
91
29
28
74
23
34
569
148
309
690
801
496
489
42
87
49
3,936
3,726
122
107
482
417
322
18,318
544
2,317
Interest
On
public
debt
V
On
refunds
of taxes
Other
6/
Atomic
Energy
Commission
Federal
Aviation
Agency
7/
General
Services
Administration
Housing
and
Home
Finance
Agency
570
425
359
408
-23
199
1,152
309
502
739
410
328
744
1,257
2,552
751
387
445
466
593
2,700
800
581
228
228
73
58
59
48
221
64
233
223
242
55
55
66
261
67
228
225
66
66
1957.
1958.
1959.
I960.
7,244
7<607
7,593
9,180
57
74
69
76
748
765
2,178 12/
875
1,990
2,268
2,541
2,623
441
503
1961.
1962.
1963.
1964.
8,957
9,120
9,895
10,666
83
68
74
987
985
1,059
1,193
2,713
2,806
2,758
2,765
638
698
726
11,100
102
1,253
1965 (Est.)
1
964- January ,
February
March
.
.
April.
May...
925
880
907
5
131
7
4
78
99
June.
895
899
941
July
August. .
September.
957
913
927
October. .
November.
923
916
10
141
6
95
23a
207
4,638
38
518
1,158
.
F.Y. 1965
to date.
6
87
7
6
96
134
99
95
88
Other
independent
agencies
41
567
1,016
620
257
-224
48
31
53
U/
District
of
Total by
Columbia agencies
2/
71 ,936
467
567
31
80,697
77,233
694
794
937
50
72
293
159
66
4,171
5,401
5,392
5,173
5,478
67
4,900
5,395
201
54
-79
-2
355
317
359
479
450
454
50
50
41
89
-60
452
326
4U
505
448
496
-312
71
-49
-15
-32
49
63
100
441
79
46
162
334
385
386
478
487
65
42
81
39
-135
-136
387
406
466
364
130
-337
34A
239
29
39
145
401
1.S
2,231!
Less:
interfund
transactions
10/
69,433
911
940
956
224
298
26
25
4,805
5,098
5,232
5,250
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates, including effect of proposed legislation,
are from the Review of the 1965 Budget, released October 26, 1964.
Note:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 6.
Agency shifts are
reflected in this table as follows:
Beginning 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
agencies" to "Executive Office of the President," Civil Aeronautics
Source:
,
National
AeroVeterans
nautics
Adminisand Space tration
Adm. 8/
518
674
774
State
Department
831 4/
751
Treasury Department
Fiscal year
or month
Post
Office
Department iy
Labor
Department
284
294
317
328
92
104
120
Justice
Depart-
179
206
272
247
3,238
3,512
3,907
54
Interior
Depart-
28
355
57
82,169
88,419
93,155
98,348
29
69
98,060 14/860
68
48
27
17
654
633
513
664
258
3
8
10
42
213
Total
budget
expenditures
11/
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
97,200 14/
7,641
80
120
7,883
12
7,945
7,537
9,574
15
26
47
7,930
7,511
18
96
23
8
7,887
8,167
7,410
8,083
167
-6
8,456
477
84
6
8,339
7,060
10
8,329
9
7,051
39,908
586
39,322
135
1
1
8,573
8,492
7,521
7,871
1,527
8,450
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, and from December 1963,
through March 1964, military assistance from "Funds appropriated to
the President" to "Defense Department, military," and beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President."
the change
1/ Consists of net expenditures of the Postal Fund, reflecting
enterprise
in classification of Post Office transactions to a public
revolving fund basis, and beginning fiscal I960, payment for public
services.
from budget ex2/ Beginning 1957, Federal aid for highways is excluded
penditures and included in trust account expenditures (see Table 1).
2/ Adjusted for reclassification.
Remaining footnotes on following page.
.
. .
..
.
Treasury Bulletin
ADMINISTRATIVE 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 j/
Fiscal
year or
month
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
Panama
Canal
Company
Small
Business
Admin.
467
567
355
694
456
557
342
682
340
24
421
31
181
41
465
46
1961
1962
1963
654
633
664
410
330
186
199
43
1964
640
620
499
648
1965 (Est.)...
860
843
430
1964-Januaiy.
February.
March, . .
80
120
77
513
April.
May...
June..
July
12
12
11
26
47
26
44
477
477
84
August. .
September.
84
6
6
October. .
November.
10
5
9
9
.
F.Y. 1965
to date.
586
580
4
9
19
4
12
23
35
7
11
6
154
8
16
18
22
13
40
47
49
50
126
29
16
1
3
10
14
9
9
7
7
9
9
10
15
32
34
118
146
160
152
14
20
27
21
144
13
73
3
51
6
11
Other
6/
24
30
42
1
3
57
Under
Defense
Production
Act
V
4/
11
47
45
39
90
s$
24
120
15
see
Valley
Author-
Veterans'
Administration
ity
3/
1957
1958
1959
I960
Tennes-
Reimbursement by
Panama
Canal
Company
2/
3
Federal
intermediate
credit
banks'
franchise
tax 8/
Charges
for
audits
of
various
agencies
10
12
14
15
96
11
4
25
18
3
429
433
46
26
31
76
31
1
15
12
15
13
Civil Defense Program Fund; Farmers' Home Administration: Agricultural
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 I960; and St. Lawrence 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.
Source: See Table 1
By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S, investments.
2/ Excludes transactions under Defense Production Act.
2/ Consists of payments by: Office of the Administrator for college
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.
^y various agencies for programs under the Defense Production Act.
6/ Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
V
Footnotes to Table 3,- (Continued!
V
6/
u
8/
2/
:io/
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
1954, certain functions transferred:
of 1954 (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 Flan 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 (49 U.S.C,
1341 (a)), approved August 23, 1958.
Established pursuant to the National Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 195B.
Consists of Federal payment and loans and advances.
For content, see Table 4- These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p, II).
1
1/
12/
13/
Vj
*
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 from January 1, 1957, until
January 1959 when they were classified as Government-sponsored enterprises (see "Trust 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 $344- 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 al
"Consolidated Cash Transactions," Table 2 and "Debt Outstanding. "Table 1
Totals include $150 million allowance for contingencies, and $450 milllo
for conqjarability pay adjustment.
Less than $500,000.
,
December 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by ^unctions
(Fiscal years;
In millions of dollars)
Function
Functions
code
1959
1960
1961
1962
43,563
2,541
42,824
2,623
44,676
43,205
2,806
92
49,973
2,758
1963
1964
number
National defense
Department of Defense-Military
Atomic energy
Defense-related activities
:
051
058
059
Total national defense
International affairs and finance ;
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Total international affairs and finance
151
152
153
Space research and technology
244
24
51,246
2,765
172
46,483
45,691
47,494
51,103
52,755
54,182
2A9
346
2,041
237
217
3,403
139
1,477
137
216
2,126
158
2,372
197
3,780
1,832
2,500
2,817
2,184
251
145
401
744
1,257
4,171
351
352
353
5,297
311
315
376
291
3,602
289
4,576
234
293
3,800
349
301
397
324
5,626
251
342
431
414
6,590
4,882
5,172
5,881
6,954
7,063
1,184
1,235
1,394
1,564
201
71
68
85
61
220
65
331
1,699
303
68
74
73
91
280
68
81
51
55
60
112
73
1,747
332
91
105
130
73
1,670
1,714
2,006
2,147
2,352
2,478
494
436
716
271
781
654
33
797
427
808
672
774
234
568
508
38
525
265
7
101
58
59
67
74
84
835
653
39
578
401
401
91
2,025
1,963
2,573
2,774
2,843
3,002
732
97
108
-172
134
130
-44
150
162
30
51
-537
178
222
70
-595
149
306
33
-149
163
261
74
970
122
320
349
-67
700
938
1,128
809
2,170
327
591
284
815
510
2,061
304
2,437
382
1,354
224
2,788
423
2,994
464
3,877
3,690
4,2U
4,538
4,789
5,473
259
225
106
141
327
261
120
156
332
286
143
181
337
350
183
207
392
428
206
219
334
488
310
206
732
866
943
1,076
1,2U
1,339
2,071
1,152
864
921
2,034
1,532
2,017
1,635
388
1,084
279
2,116
1,698
-13
1,145
240
3,961
280
2,049
1,265
725
961
266
113
1,229
138
5,287
5,266
5,414
5,403
5,186
5,492
,
Agriculture and agricultiiral resources
Farm income stabilization and Food for Peace
Financing farming and nu'al housing
Financing rural electrification and r\iral telephones,
Agricultural land and water resources
Research and other agricultural services
379
2,713
104
201
297
1,681
207
;
,
,
Total agriculture and agricultural resources
354
355
,
330
368
303
426
341
Natural resources;
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
,
401
402
403
404
405
409
Total natural resources
61
94
71
94
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 programs
Urban renewal and community facilities
National Capital region
551
552
553
555
Total housing and community development
30
569
36
914
Health, labor, and welfare ;
651
652
653
655
Health services and research
Labor and manpower
Public assistance
Other welfare services
Total health, labor, and welfare
924
1,969
41
770
366
59
1,671
345
Education;
Assistance
Assistance
Assistance
Other aids
for elementary and secondary education 2/
for higher education
to science education and basic research.
to education 2/
^
701
702
703
704
Total education
Veterans' benefits and services;
Veterans' service-connected conqjensation J^
Veterans' nonservice-connected pension
Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services^
^
Total veterans'
benefits and services
Footnotes at end of table.
801
802
803
804
805
(Continued on following page)
559
1,030
259
8
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures by Functions
-
(Fiscal years; in millions of dollars)
(Continued)
December 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(Continued)
(In thousands of dollars)
First quarter of
fiscal year
Fiscal year
Type of tax
1962
Miscellaneous excise taxes:
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Toll telephone service, telegraph, cable, radio, etc.,
wire mileage service, wire and equipment service
General telephone service
Transportation of oil by pipeline 6/
Transportation of persons 7/
Transportation of property (including coal) 6/
Use of safe deposit boxes
Coconut and other vegetable oils processed 3/
Sugar
Diesel and special motor fuels 5/2/
Narcotics and marihuana, including occupational taxes.
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys , pool tables , etc
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds 5/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
Interest equalization
Total miscellaneous excise taxes
Total received with returns and from sale of stamps
Undistributed depositary receipts 10/
Unapplied collections
Total excise taxes
2/
1964
(July-Sept. 1963)
1964
1965
(July-Sept. 1964)
39,169
35,606
69,i52
42,789
39,794
71 ,097
75,120
21 ,846
13,591
10,710
22,492
350,566
492,912
i9
262,760
364,618
515,987
9
233,928
379,608
530,588
93,038
116,774
135,899
186,037
568
451
6,679
6
96,636
105,178
1,089
i,79i
47,053
12,241
41 ,026
10,324
10
2
1
26,157
33,845
6,514
106,062
277
7,423
14
i,184
99,903
113,012
1,153
5,013
15,240
4,897
580
5,3i9
5,167
95,411
128,079
1,282
5,215
17,548
5,606
687
5,369
94
1,764
4
25,593
31,121
59
1,793
12
79,761
99,481
100,199
32
66
7
3
54
50
H,82i
531
6
3,013
12,113
3,340
307
1,350
23,892
43,303
318
3,098
10,660
3,464
285
1,682
55,817
55,989
361
1
17
1
19
10
1,570,258
1,619,656
1,546,631
415,277
547,154
12,650,707
13,343,486
13,843,845
3,548,943
3,827,770
98,351
62,541
92,558
1,633
-104,561
3,117
3,710
13,828
670
-1 ,902
12,752,176
13,409,737
13,950,232
3,551,246
3,721,307
Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island possessions. Floor stocks taxes are included with the related classes of tax.
Full detail is published monthly by the Internal Revenue Service.
Beginning October 1, 1961, the Bureau of Customs was authorized to
accept and deposit payments of internal revenue taxes on tobacco items
imported or brought into the United States (26 C.F.R. 275.62).
Collections of this type by Customs during October 1961 were included
with reporting on class E cigars.
Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies issued by foreign insurers.
Source;
\j
2/
1963
4/
^
6/
Ij
8/
2/
10/
Tax on transfer of interest in silver bullion repealed, effective
June 5, 1963, (Public Law 88-36).
Collections reflect the provisions 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. ^292 note).
Repealed, effective November 16, 1962, except on air transportation
which was reduced to 5 percent.
Repealed effective August 31, 1963.
Excludes dieael fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued, less amount received
with returns and distributed by detailed class of tax.
Less than $500.
10
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
First quarter of
fiscal year
Fiscal year
Type of tax
1962
Alcohol taxes; X^
Distill ed spirits
Wines
Beer
Total alcohol taxes
Total tobaccc taxes
Documentary and certain other stamp taxes;
Documentary stamp taxes 2/
Playing cards
Silver bullion sales or transfers 4/
Total documentary and certain other stao^ taxes
Manufacturers^ excise taxes;
Gasoline
Lubricating oil, etc
Tires, tubes, and tread rubber 5/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc,
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, conqjonents, etc
Refrigerators, freezers, air-conditioners, etc
Electric, gas^ and oil appliances
Pistols and revolvers
Phonograph records
Musical instruments
Sporting goods (other than fishing rods, creels, etc.).
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, film, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters
Matches
^
^
Total manufacturers* excise taxes
Retailers' excise taxes ;
Furs
Jewelry, etc
Luggage, etc
Toilet preparations
Total retailers' excise taxes
Footnotes at end of table.
1965
(July-Sept. 196i)
1964
2,423,330
99,922
818,030
2,507,068
103,733
830,855
2,575,320
110,242
891,936
597,304
21,722
254,392
621,593
31,258
261,736
3a, 282
3,441,656
3,577,49
873,418
914,637
49,726 2/
1,956,527
19,483
50,232
2,010,524
18,481
56,309
1,976,675
19,561
12,560
522,543
4,677
15,656
519,798
4,616
2,025,736
2,079,237
2,052,545
539,779
540,069
150,639
8,625
162,680
8,891
43
37,569
1,992
41,614
2,129
55
140,372
8,574
124
159,319
149,069
171,614
39,561
43,744
7U
2,497,316
74,410
398,360
1,559,510
303,144
2,618,370
76,316
411,483
1,745,969
350,945
228,762
197,595
62,799
681,936
21,850
112,876
462,615
92,090
57,798
41,100
21,359
18,175
487
4,790
4,199
5,930
2,323
17,934
6,989
10,053
682,661
20,217
117,939
508,931
114,123
75,070
3,
Tobacco taxes; 1/
Cigars
Cigarettes
Other
196i
(July-Sept. 1963)
1963
2,412,
73,012
361,562
1,300,440
257,200
198,077
173,024
54,638
66,435
1,774
24,342
19,081
15,541
6,090
81,719
25,307
33,998
224, 507
184,220
61,498
68,171
1,618
27,421
20,175
13,099
6,300
74,845
25,205
35,998
77,576
1,837
25,098
21,748
20,633
7,342
71,867
29,580
41,511
1
41 ,794
23,672
18,870
540
5,112
4,542
5,359
2,137
18,339
9,108
8,962
14,915
8,413
4,667
16,235
8,674
4,102
17,455
9,299
4,359
4,634
2,113
898
5,057
2,220
332
5,132,949
5,610,309
6,020,543
1,570,148
1,665,521
31,163
176,023
69,384
144,594
29,287
181,902
74,019
158,351
30,016
189,437
78,704
176,857
4,363
44,
19,923
42,430
3,985
47,222
19,454
45,984
421,163
443,558
475,013
110,760
116,645
(Continued on following page)
OU
'
December 1964
u
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
(In raillloBS of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures
(-)
Net
receipts
Net
expenditures
1/
1/
Net sale, or investment
(
-) , by Government
agencies in public debt
securities 2/
Net sale, or redemption
(-) , of securities of
Government agencies in
the market
1957
1958
1959
I960
195
633
-329
-50
1,363
829
-2,751
-870
14,301
16,153
16,769
20,342
12,938
15,325
19,521
21,212
-2,339
-597
1,130
-925
1,171
1961
-602
436
790
-851
1,143
1,446
23,583
24,290
27,689
30,331
22,793
25,141
-855
-493
-2,069
-2,775
-537
1,780
1,022
1,880
1962
1963
1964
97
551
26, 545
28,885
400
1,293
1,746
1965 (Est.)...
n.a.
2,202
31,672
29,470
1964-January.
February.
March ....
-130
-1,169
1,642
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
1,942
1,491
109
117
April
May
June .
.
,
^
581
-41
.
July
August. .
September.
.
October
November
Fiscal year 1965 to date
103
-993
2,677
4,7U
2,935
2,067
-674
594
3,117
2,523
-40
-1,181
66
-130
1,648
-273
1,532
4,171
1,994
2,713
2,524
2,266
1,205
-1,960
251
-64
378
-108
366
171
-1,257
855
1,224
2,928
2,481
2,073
1,556
-809
67
125
432
-208
11,850
12,057
242
397
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 Review of the 1965 Budget,
released October 26, 1964, inclu^'^ng effects of proposed legislation.
Certain interfund transactions are excluded from both receipts and
expenditures beginning with the July 1961 issue of the Bulletin.
For details see Table 6.
Source:
1/
24
607
-436
-3,230
-1,770
502
2/ Includes guaranteed securities ( see Table 4)
Note:
Figures in this table differ from those published prior to August 1963
for shifts in classification including security transactions of Governmentsponsored 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,
Not available.
.a.
Table 2.- Trust Receipts
(In millions of dollars)
FOASI
Trust
Fund
Fiscal year
or month
7,101
1957.
1958.
1959.
I960.
7,824
8,109
10,360
1961.
11,824
1%2.
12,J11
1963.
1964.
13,856
16,043
1965 (Est.)...
16,471
1964-January,
February,
March ....
April.
May. .
June.
July
August
September.
.
October
November.
Fiscal year 1965
tn date
.
.
Government
Life
Insurance Fund
Railroad
Retirement
Account
339
943
929
1,062
723
695
758
1,403
1,912
1,855
1,997
2,703
608
640
634
643
1,083
1,092
1,145
1,051
1,081
66^
658
661
58
54
52
50
665
48
Unemployment
Trust
Fund
1,211
1,123
1,192
3,333 i/
3,985
4,261
4,288
1,237
1,283
4,170
112
7
2,170
1,380
159
15
92
99
70
1,042
81
17
2,970
1,506
217
123
568
42
176
2,493
1,028
National
Service
Life Insurance
Rind
Federal
Disability
Insurance
Trust
Fund
79
69
67
63
61
Highway
Trust
Fund
Other
trust
receipts
1/
Total
trust and
other
receipts
Less:
Interfund
trsins-
actions
2/
Net
trust and
other
receipts
2/
1,48?
6P1
14,311
10
14,301
2,044
2,088
638
585
11
2,541
711
16,164
16,904
21,250
908
16,153
16,769
20,342
3,540
778
890
1,546
1,402
24,097
24,818
28,193
30,852
515
528
505
521
23,583
24,290
27,689
30,331
2,670
3,651
2,043
32,235
563
31,672
204
186
164
185
283
290
265
190
1,096
3,717
2,345
8
12
16
1,088
3,705
2,330
177
167
256
306
77
63
108
1,946
4,751
3,561
4
7
1,942
4,744
3,117
70
83
1,397
1,458
1,741
1,766
2,033
2,086
2,255
2,465
2,800
2,955
3,293
135
234
53
2
735
114
34
1
42
2
39
37
213
2
90
569
256
899
134
34
549
325
16
273
47
2
190
326
95
92
740
38
1
171
383
95
41
1
247
326
137
1,536
4,180
2,016
175
172
214
337
153
121
1,234
2,938
10
9
1,224
2,928
955
1,586
535
11,903
54
11,850
455
1,591
35
122
13
6,135
454
304
1
148
468
39
1
37
1
1,725
202
Source:
See Table 1.
1/ Includes principally District of Columbia receipts from taxes and
from Federal contributions, loans, and grants; funds appropriated to
the President - military advances under foreign assistance programs
and mutual security trust funds; certain Department of Agriculture
receipts; Indian tribal funds; increment resulting from reduction in
the weight of the gold dollar; and the Railroad Onei^jloyment Insurance Administration Fund through November 1958 (for treatment after
2/
Federal
employees
retirement
funds
November 1958, see Table 10, published quarterly).
For content see Table 6.
These transactions are Included in the detail
71
U34
8
22
1,532
4,171
1,994
from
of both trust receipts and trust expenditures, but are deducted
the totals.
financial
mainly
of
3/ Excludes certain Interfund transactions consisting
interchanges between trust funds resulting in receipts and expenditures
footnote 2)
( see
the Federal Dnemploynent Tax
4/ Beginning fiscal 1961, tax receipts under
account in the UnAct are transferred currently to an administration
employment Trust Fund pursuant to the Employment Security Act of 1960,
"Administrative
see
(b));
approved September 13, I960 (42 U.S.C. 1101
Budget Receipts and Expenditures," Table 1, footnote 12.
.. , .. .
....
Treasurij 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
Federal
Disability
Insurance
Trust Fund
1957
1953
1959
1960
6,665
8,041
9,380
11,073
1
6 -.2
181
361
561
730
778
1,136
1961
1962
1963
1964
11,752
13,270
14,530
15,285
746
1,089
1,259
1,341
1,124
1,135
1,112
1,139
1965 (Est.)
Unemployment
Trust
Fund
Railroad
Retirement
Account
1,644
3,148
3,054
2,736
562
532
80
83
792
396
966
1,512
2,613
2,945
4,734 2/
3,906
707
626
94
96
3,815-
747
585
79
72
955
1,063
1,183
1,326
2,620
2,784
3,017
3,645
1,435
3,850
110
138
115
3,707
1,185
3,456
99
102
422
94
April
May
June
1,273
1,273
1,690
108
107
130
July
August
110
110
112
100
September.
1,270
1,275
1,286
October. ,
November,
1,282
1,275
111
112
6,388
555
.
Fiscal year 1965
to date
1957.
1958.
1959.
1960.
Deposit
funds
Other
trust 3/
(net)
565 8/
915 S/
672 8/
711
1961.
1962.
1963.
697
835
1,208
1,055
1964
1965 (Est.)...
1964- January.
February
March.
.
April
May
June
Total
trust and
deposit funds
-16
1
-10
114
113
115
222
242
334
3
-3
-6
-26
117
118
118
405
426
441
7
-20
-12
-134
5
96
99
93
314
227
267
37
32
32
5
96
37
32
6
93
235
217
210
32
5
100
101
165
251
33
5
29
4
120
122
436
400
137
-16
491
a, 077
162
25
545
2,108
21
5
5
5
Farm
Credit
Administration ^/
Total
trust
and
other
expenditures
4
-19
14
28
Less:
Interfund
transactions 6/
-24
Net trust
and other
expenditures
Federal
Deposit
Insurance
Corporation
Total
-124
-628
854
132
-104
-115
-124
-134
46
-627
1,292
484
12,947
15,335
19,655
22,120
135
908
12,938
15,325
19,521
21,212
-487
1,572
-148
-154
-161
-133
-239
1,092
685
1,357
23,308
25,669
27,050
29,4D6
515
528
505
521
22,793
25,141
26,545
28,885
Federal
home loan
banks
7/
539
-100
-202
287
30,032
563
29,470
12
106
49
-144
-281
-118
-57
-72
-189
-247
-67
2,265
2,075
2,242
12
16
2,257
2,063
2,227
129
76
292
-33
417
-27
290
-4
-15
-1
2,940
2,074
2,966
165
1
3
246
133
82
-112
-95
2,454
2,322
2,309
2,523
2,102
2,633
74
-60
57
53
2,471
2,344
2,278
October,
November.
134
101
-6
-127
2,524
2,248
582
-66
11 364
Fiscal year 1965
to date
14
29,745
113
128
,
241
179
226
572
443
396
374
483
463
164
.
66
-73
317
-730
-104
23,546
24,577
26,365
27,549
July
August.
September,
.
-16
205
-544
146
-567
-79
80
.
-42
42
274
116
276
-51
-180
.
3
17
5
924
102
176
946
41
205
37
39
5
Other
operations
12,901
15,962
13,363
21,636
1,617
77
Financing
216
-31
-61
-75
103
99
.
531
Government-sponsored enterprises (net) 4/
Trust and deposit
funds- ( Continued)
Fiscal year
or month
591
699
Federal National
Mortgage Association 1/
by Treasury
86
103
106
107
.
Highway
Trust
Fund
120
1,429
.
Federal
employees'
retirement
funds
5U
1,234
1,253
1,272
.
Government
Life
Insurance
Fund
515
16,072
196A- January. .
February.
March
National
Service Life
Insurance
Fund
,
562
437
872
363
39
3
328
10
11
7
2,935
2,067
443
2,523
22
2,713
2,524
2,266
4
-9
13
-21
6
11
2,717
2,532
2,288
37
-5
-10
-33
-165
2,491
2,082
10
-117
-66
-38
2,431
2,073
198
78
-29
247
12,111
54
12,057
206
Source:
See Table 1,
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 n,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 - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net).
The Railroad Uneraploymsnt Insurance Administration Fund
is included through November 1958 (see Table 10, published quarterly),
the Employees' Life Insurance Fund (net) and the Entployees' Health
Benefits Fund (net) beginning 1961.
6/
2/
8/
Previously shown as deposit funds (see Table 1, Note).
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 whicfe
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-Sponsored
enterprises.
December 1964
13
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total 1/
Total
trust
accounts.
etc. 1/
1957
2,339
1958
1959
I960
597
-1,130
-1 ,232
925
760
1961
855
493
2,069
2,775
1962
1963
1964
325
729
707
-225
285
301
-1 ,089
21
1,782
2,412
-821
-129
-139
-1,328
830
April. ...
-1 ,491
May
June
.
July
August.
.
.
..
September
Uctober.
November.
.
Fiscal year 1965
to date
692
n.a.
964 -January .
February.
March ....
Federal
Disability
Insurance
Trust Fund
220
-499
-1,290
-726
2,302
506
1965 (Est.)...
1
Federal
Old-Age and
Survivors
Insurance
Trust Fund
-1
Railroad
Retirement
Account
552
494
Unemployment
Trust
Fund
36
-33
-35
264
274
-1,255
-1,011
-78
-63
-952
72
-44
456
-90
1
69
-80
4
Government
Life
Insurance
Fund
95
76
62
-41
44
573
n.a.
,345
National
Service
Life
Insurance
Fund
-16
-56
-17
958
-21
-35
-44
-25
-22
n.a.
n.a.
-78
-19
-9
-286
170
-225
-151
-84
-10
483
-205
772
-93
3
-3
-3
301
70
27
93
57
112
75
104
93
86
48
88
-39
-279
-10
159
75
-51
53
128
-133
-90
45
35
-135
55
55
-160
-141
-73
73
366
-574
-55
172
173
28
-775
-72
-87
-87
15
1,915
1,100
-5
37
2
-5
659
-96
9
6
-3
-5
-3
-1,556
-1, 261
452
-880
266
-93
-29
-86
-19
-59
245
10
6
-3
-4
-219
-295
-155
-197
661
47
-18
-242
233
202
242
-69
n.a.
-1,258
-224
1,063
1,034
1,075
1,126
68
-1,205
1,960
-251
3
-393
-428
-100
871
n.a.
99
34
-51
99
94
-707
1,882
1
28
-24
97
45
404
418
671
n.a.
-1,510
3,079
1,533
3,230
1,770
16
803
Other
trust
accounts,
etc. 1/
-3
-5
443
246
167
Highway Federal
Trust
intermediFund
ate credit
banks 2/
-14
822
273
1
Federal
employees'
retirement
funds
56
55
431
Trust accounts, etc. -(Continued)
Public enterprise funds
Govemjnent-sponsored enterprises
Total
Governmentsponsored
enterprises
1/
Banks
for
cooperatives
Federal
Deposit
Insurance
Corporation
Federal
home
loan
banks
Federal
land
banks
Federal
intermediate
credit
banks2/
1957
1958
1959
1960
39
460
-70
239
104
115
124
134
-67
346
-299
105
102
1961
434
30
148
154
771
161
287
-122
612
43
183
-141
1965 (Est.)...,
-300
202
1964-Jan
Feb
Mar
-119
-36
57
72
-3
4
15
1962
1963
1964
Apr
May
June
88
-287
204
. . .
July
August.
September
.
October.
November.
.
Fiscal year 1965
to date
185
1
Total
public
enterprise
funds
2/
2/
Federal
National
Mortgage
Associations 2/ tion
-40
^
36
78
51
2
102
166
53
62
1
149
3
191
287
363
97
-32
36
138
100
n.a.
n.a.
-176
-109
17
8
-1
91
-106
-113
-292
188
184
19
24
151
101
237
61
-27
1
13
-318
-1
-318
53
72
164
-31
21
-6
143
-25
44
-27
44
-51
-204
273
10
27
263
84
-286
48
117
29
91
-141
-174
20
-60
Production
credit
corpora-
91
-2
Source:
V
Federal
intermediate
Adminiscredit
tration
banks g/
Federal
Housing
See Table 1
See Table 1, Note.
See Table 3, footnote 8.
Management and liquidating functions as provided by the Housing Act of
4/
»
25
6
14
15
8
42
-23
-64
Federal
Savings and
Loan Insurance Corporation
Tennessee
Valley
Authority
144/
18
19
17
18
34
229
269
244
Other
14
18
18
-12
-29
-10
22
-18
19
45
6
-5
-9
-8
-2
6
-3
28
196
24
-14
-4
2
-7
-3
10
3
5
-8
4
-4
1
16
19
38
10
8
7
Investment includes
1954, approved August 2, 1954 (12 U.S.C. 1721).
guaranteed securities.
Includes net transactions in guaranteed securities. See also footnote 3.
Not available.
n.a.
Leas than $500,000.
.. .
. .
...
)
u
Ballem
Treasury
.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
Securities not guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
1957
1958
1959
1960
-1,171
-400
-1,293
-1,746
1961
1962
1963
196A
-1,780
-1,022
-1,880
Federal
Farm
Mortgage
Corporation
-33
Federal
Housing
Administration
•"enterprise
Home
fund
Owners'
Loan
Corporation
D.
C.
-10
-29
Total not
guaranteed
1/
stadium
fund
-33
6
-10
6
Public enterprise funds
Trust
-1,137
-406
-1,283
-1,717
-28
-100
-204
-162
-206
-204
-162
-206
638
-1,576
-860
-1,674
n.a.
n.a.
n.a.
n.a.
289
230
-24
-20
-31
-25
-20
-31
-25
309
261
April
May
June
-109
-117
-502
16
-23
11
16
-23
11
-125
-95
-513
July
August
September.
64
-378
108
-8
-27
-38
-27
-38
Ostouer. .
November
-67
-125
66
-13
66
-13
-133
-112
-397
-21
-21
-375
537
1965 (Est.)
1964.- January,
. ,
February .
March
.
.
,
.
Fiscal year 1965
to date
-81
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association
Home
Owners'
Loan
_^/
Corporation
136
-233
6
797
2
73
-350
146
Securities not guaranteed by the United States- (Continued)
Fiscal year
or month
Public enterprise
funds - (Cont.
Tennessee
Valley
Authority
1957.
1958.
1959.
i960.
1961.
1962.
1963.
1964
Federal
intermediate
credit
banks 2/
Government- sponsored enterprises
Federal
National
Mortgage
Association 4^
-238
-225
-950
-115
58
-125
-994
-50
-95
-359
-35
597
262
1965 (Est.)...
Banks
for
cooperatives
86
Federal
home
loan
banks
-46
-20
-86
-46
191
282
-554
-284
-52
-48
-29
-39
-750
-975
-1,431
Federal
intermediate
credit
banks 2/
200
n.a.
1964- January.
February.
March,
-10
Fiscal year 1965
to date
Source:
See Table 1.
1/ See Table 1, Note.
2/ Classified as a public enterprise fund prior to January 1, 1957; as
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government-sponsored enterprise thereafter.
2/
4^
*
.a.
-52
*
10
-100
-474
-89
-70
3
153
-146
12
-37
-130
-40
6
-300
-91
126
-136
-207
-87
30
2
-220
-192
-174
-248
»
23
July
August. . .
September.
-124
-132
-278
-182
27
-22
82
-340
-L44
-230
-95
-242
-250
48
320
389
4
Federal
land
banks
-12
-54
-52
2
April.
May...
June
October.
November
Trust enterprise funds
1
-68
-195
-225
72
178
-140
-168
141
Management and liquidating fxmctions.
Secondary market operations.
Less than $500,000.
Not available.
1
R
-39
-62
38
t
1
15
December 1964
.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
1957.
1958.
1959.
I960.
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
Unemploymen t
Trust
Fund 4/
1/3/
^2U
600
Federal
employees'
retirement
funds
V
District
of
Columbia 6/
5
3
2
9
11
211
10
10
135
908
515
528
505
32
37
12
12
22
22
132
101
38
35
9
47
13
15
23
50
75
16
1961.
1962.
1963.
1964.
332
361
6
13
423
403
1965 (Est.)...
399
7
1964-January..
February.
March..
521
563
1
11
15
.
1
12
1
16
2
April.
May.
June.
Total
4
2
7
1
443
.
403
20
19
4
July
August.
September.
.
8
22
.
21
10
October.
November
Fiscal year 1965 to date.
9
54
25
Source:
See Table 1
1/ Payments are made between the Railroad Retirement Account and the
2/
2/
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
4/
5/
6/
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Accoimt.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees salaries to the Civil Service Retirement and Disability
Fund, and advances to National Park Service.
Less than $500,000.
'
*
Treasury Bulletin
16
'CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury-
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A).
payments are made.
Shown also is the aucunt of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
Revisions of the figures for
earlier years have been made where necessary to make them as
nearly comparable with current Budget classifications as available data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
fund accounts.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
These itans consist of certain interest
issuance of a few special public debt securities.
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
public includes net borrowing by the Treasury through public
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
net effect of all these transactions with the public
The
is re-
flected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
December 1964
17
CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Fiscal year
or month
Administrative budget
receipts
(net)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
Intragovernraental and
other
noncash
transactions
(See Table 2)
Trust
receipts
(net)
Federal payments to the public
Less:
Total
Federal
receipts
from the
public
Administrative budget
expenditures
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Trust fund
expenditures (net)
Total
Federal
payments
to the
public
Equals:
Excess of
cash
receipts from,
or payments
to (-), the
public
70,?62
63,550
67,915
77,763
77,659
81,409
86,376
89,459
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30(331
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
1965 (Est.)...
91,500
31,672
-4,416
118,756
97,200
29,470
-4,440
122,230
-3,474
1964- January.
5,853
8,047
10,143
6,609
6,136
12,401
1,088
3,705
2,330
1,942
4,7U
-313
-228
-309
-217
-227
6,628
11,525
12,168
8,334
10,652
2,257
2,063
2,227
2,935
2,067
2,523
-902
-191
-707
-703
-45
-1,548
9,848
9,393
9,390
10,163
9,533
10,502
-3,219
2,132
2,778
-1,829
1,119
3,874
95
611
-1,016
10, 217
11,218
9,700
-5,472
-666
-298
156
10,512
9,281
-6,168
-452
50,927
-9,832
..
February.
March
April
May
June
July
August. . .,
Seotember.
Octobei . ,
November
,
.
Fiscal year 1965 to date.
3,117
-1,U2
U,376
8,492
7,521
7,871
7,930
7,511
9,527
3,487
6,e53
10,072
3,398
7,037
1,532
4,171
1,994
1,224
2,928
-274
-273
-327
4,745
10,552
11,739
7,410
8,083
8,450
-278
-249
4,344
9,716
8,329
7,051
2,713
2,524
2,266
2,481
2,073
30 647
11,850
-1,400
41,096
39,322
12,057
,
Plus:
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Fiscal year
or month
Public
debt increase, or
decrease (-)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
1965 (Est.)...
1964- January ,
February.
March. .
April
May
June
.
July
August.
.
September
Owtooe* ,
November.
,
Fiscal year 1965 to date.
Net sales
of Government agency
securities in
market 1/
Net in-
vestment
in secu-.
rities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
Total
cash
borrowing
from the
public,
or repayment (-)
1,257
597
1,581
1,633
2,015
3,400
-^,.98
2,412
226
-30
46
3,626
-4,528
2,459
-2,932
189
-2,743
611
1,324
-38
-67
572
251
-82
1,556
-309
1,663
1,648
2,167
242
7,413
-356
-64
378
-108
67
125
397
1,520
26
2,851
6,773
Source: Actual figures are based on the monthly statement of receipts
and expenditures of the Government and the daily Treasury statement
(for explanation of reporting bases, see page II); estimates, including effect of proposed legislation, are from the Review of the 1965
Budget released on October 26, 1964.
i/ See "Trust and Other Transactions", Table 5, for net sales and redemptions of Government agency securities in market.
-153
2/
2/
.a.
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
-10
-43
1,205
-1,960
-530
2,906
819
balance
-4,886
640
-1,088
183
586
-946
-411
758
-1,136
49
59
44
9,594
53
55
58
5,579
3,859
45
69
4,787
-911
-389
Total
changes
in the
cash
84
194
-23
335
-333
-86
-133
-35
-22
-61
-48
1,328
-830
-167
1,491
-3,230
-1,770
Cash held
outside
the
Treasury
n.a.
269
72C
-289
-230
24
109
117
502
Treasurer'
ccount
-3,111
2,531
1,861
-2,571
2,215
2,735
-536
-923
-1,033
-1,099
-770
1,730
-767
-1,989
3,931
181
Equals:
Cash balances,
net increase, or
decrease (-)
-2,536
1,248
10,517
6,612
4,958
-3,392
436
-222
118
-74
206
292
200
-2,160
-597
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
2/
2,039
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
-3,100
5,820
8,626
1,848
712
5,619
10,785
2,446
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
Plus:
Seigniorage
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
7,058
31
5
140
-23
-4
9
-3,027
2,724
1,838
-2,235
1,883
2,745
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes increment resulting from reduction in the weight of the
gold dollar; excluded from receipts from the public but included
in cash deposits in the Treasurer's account.
Not available.
.
, ..
Treasury Bulletin
18
•CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Interest
on trust
fund
investments
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964.
1,318
1,342
1,315
1,327
1,404
1,423
1,467
1,603
1965 (Est.)
1,747
1964-January
February
March
Civil service retirement 1/
Payroll
deductions
for employees
Other 2/
Total
158
133
103
105
792 4/
559
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
Total
receipts
adjustments
Seigniorage
2/
525
579
66
7U
7U
744
838
845
914
973
744
838
914
973
75
54
74
102
88
83
69
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
1,049
1,049
118
384
4,346
70
4,416
86
27
94
78
90
3
1
13
110
303
222
304
9
6
A
313
228
309
212
222
1,136
5
217
227
1,142
78
90
50
12
37
845
561
898
49
'',9
4'.
53
55
58
45
44
85
85
-15
14
56
78
78
1
9
957
83
83
23
-10
6
89
79
89
79
24
62
94
94
9
-1
84
13
2
270
267
320
271
81
84
81
47
120
49
20
240
9
274
273
327
278
249
428
428
47
299
1,369
31
1,400
July
August
September
October
November
54
11
41
57
Fiscal year 1965 to date.
Enployers'
share
Noncash
debt
transactions
relating
to receipts
641
660
11
April
May
June
Federal
payments
to District
of Columbia
168
7
7
Noncash debt transactions relating to payments
Intragovernmental
transactions
(See
above)
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
,709
>751
,980
,975
,945
,776
,281
,190
1965(Est.
April
May
June
July
August
September.
October. , ,
November. .
1/
2/
2/
4/
V
Discount
on
securities
(net) 6/
y
(net)
336
385
383
136
430
496
577
611
,
InterUnited
AmerNations
ican
funds
Develbonds
opment
2/
Bank
International
Development
Association
7/
International
Monetary
Fund 7/
52
-131
418
205
-209
145
119
268
76
84
18
212
222
38
22
1,136
48
270
267
320
271
240
63
43
ftccrued
Total
noncash
debt
transactions
relating to
payments
58
66
55
70
25
58
14
13
-674
-450
1,361
-292
-200
2,160
259
258
171
255
117
597
536
n.a.
303
222
304
1,369
Adjusted
service
and
armed
forces leave
bonds 2/
interest
on the
public
debt 8/
Checks
outstanding
and
certain
other
accounts
Total
payments
adjustments
^
7/
4,346
1964- January
February,
March
Fiscal year 1965
to date
Interest
increment
on savings
and retirement plan
bonds
86
133
35
44
13
22
25
-1
61
-22
24
48
-20
-14
37
24
59
21
29
41
46
228
116
-3
16
Beginning with fiscal 1958 excludes District of Columbia.
Includes mainly, general fund advances to trust funds (net), dividends
and interest paid to the Treasury by trust enterprise funds, administrative expenses of the Federal Old-Age and Survivors and Federal
Disability insurance trust funds, and the Federal contribution to the
Civil Service Retirement Fund.
Includes increment resulting from reduction in the weight of the gold
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer's account.
Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
Accrued interest on the bonds, i.e. the difference between the purchase
-557
576
-31
58
58
6/
7/
&/
2/
*
n.a.
-54
-105
-281
279
548
-64
910
n.a.
n. a.
10
-36
41
-2
923
1,033
1,099
39
93
76
132
6
18
186
38
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,237
4,440
902
-684
-51
521
503
-135
191
707
453
-607
-525
15
370
882
703
45
1,548
551
-954
-319
90
-387
-95
-611
563
38
67
82
16
153
524
398
-586
356
260
-627
37
1,016
298
-156
-1,533
452
price and the current redemption value less interest paid on bonds
redeemed.
Discount on securities at time of issuance less interest paid at time
redeemed.
Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption;
net issuance, or redemptions (-).
Net increase, or decrease (-), in accrued liability.
Net increase, or decrease (-), in checks outstanding, deposits in
transit, and other accounts.
Less than $500,000.
Not available.
December 1964
19
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust,
the same bank.
On oocaislons, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
for their own account as well as for the account of their
customers.
balances In these accounts become depleted, they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
to leave funds In banks and In the communities In which they
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for Its
the country.
operations.
As the
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tsix
payments and funds for the purchase of Government securities.
In most cases the transaction Involves merely the
money from a customer'
s
transfer of
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 1955,
pages 275-284.
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
Treasury operating balance
End of
fiscal
year or
month
In Federal
Available
funds in
Federal
Reserve
Banki
Tax and loan
accounts in
special
depositaries
Silver,
coin, and
currency
Unclassified
collections,
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
Total
assets
Gold in
Treasury
fund
Total
operating
balance
489
5,069
9,030
4,380
7,068
190
259
306
253
37
49
63
58
302
287
273
337
440
365
429
375
6,037
9,990
121
5,969
9,548
64
70
74 i/
222
303
342
58
6,769
10,509
12,116
11,036
etc.
U7
Balance in
account of
Treasurer
of U. S.
5,590
9,749
5,350 2/
8,005
1957
1958
1959
1960
498
410
4,082
8,218
535
504
3,7U
401
101
6,458
106
1961
1962
408
612
806
939
5,453
8,815
10,324
9,180
109
120
120
10,238
179
147
136
145
234
335
441
313
360
5,621
120
6,622
133
173
183
264
7,375
7,375
791
2,451
126
1,024
121
224
260
831
4,783
6,940
115
162
194
141
134
February.
March ....
3,368
5,928
7,887
188
376
354
318
4,264
6,795
8,656
4,264
6,795
8,656
April ....
May
June
925
890
939
3,974
6,557
9,180
112
5,011
174
131
7,578
10,238
161
46
66
145
58
440
166
234
413
330
360
6,085
8,300
11,036
6,085
8,300
1
1 ,036
July
4,505
5,085
8,339
118
5,408
6,137
9,389
185
42
179
175
192
41
62
122
195
336
313
September
785
939
933
351
6,150
6,789
10,189
6,150
6,789
10,189
October.
November.
687
974
4,155
6,182
4,963
7,295
231
16
187
294
5,691
5,691
280
71
154
303
8,104
8,104
1963
1964
1963-Deceiiiber.
1964 -January.
August.
.
120
113
117
121
139
11,251
Daily Treasury statement.
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
Balances of these funds, theredemand obligations of the Treasury.
fore, 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
59
122
Source:
1/
2/
2/
5,451
8,092
240
100 2/
87
75
79
6,694
10,430
12,116
11,036
through June 1958, after which they are included in the balance in
(See footnote 2).
the Treasurer's account.
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 under liabilities.
...
Treasury Bulletin
20
,
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2«- Analysis of Changes in Tax and Loan Account Balances
{In millions of dollars)
Balance
Prcceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
l->57
1958
1959
I960
2,66fl
1961
1962
1963
196i
2,737
2,725
2,699
2,7fO
2,324
2,079
Retirement
plan
bonds 2/
Tax
anticipation
securities
964-January
.
Other
Withheld
and
excise 3/
.
223
April.
.
.
223
May
June
211
4,152
7,903
5,919
6,053
45,4^8
7,613
5,898
2,963
1,788
3,774
3,830
2,014
34,511
37,519
41,267
43,580
9,142
475
July
235
219
August.
1,539
,_21
.
September
ZOA.
October.
November
210
198
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
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.
2/ Retirement plan bonds first offered for sale as of January 1, 1963.
Taxes
eligible for credit consist of those deposited by taxpayers in
2/
the depositary banks, as follows: Withheld income tax beginning
End of
period
High
6,458
2,987
3,246
3,638
4,103
5,453
8,815
10,324
9,180
7,653
8,889
10,324
10,257
1,161
1,531
2,535
1,577
4,151
4,457
5,325
4,747
5,970
2,428
4,082
6,005
4,891
7,437
2,166
2,323
2,743
3,405
3,459
5,013
1,577
4,234
4,467
3,477
5,656
6,642
9,155
5,899
8,519
3,732
4,411
2,742
6,165
5,109
5,529
7,707
6,329
3,320
3,339
4,789
4,639
58,520
57,496
6,521
6,835
9,921
55,842
56,438
57,595
58,277
56,847
53,076
56,085
59,421
4,449
1,748
6,892
4,792
5,621
1,499
5,459
4,688
23
1,825
5,707
7,108
4,995
3,375
4,951
2,451
4,783
6,940
3,168
4,987
6,712
6,134
2,404
4,089
3,974
6,557
9,180
6,234
6,700
9,447
1,844
5,094
8,134
6,519
4,514
4,880
4,505
5,085
8,339
2,250
5,421
6,434
3,394
4,155
6,182
1,387
4,775
4,426
1,196
4,488
4/
*
2,197
20
2,065
63
4,019
105
OU
Average
1,078
912
1,390
4,082
8,218
55,
Low
6,078
8,869
8,055
6,458
46,000
50,908
62,994
54,782
1,546
4,875
3,911
740
735
Withdrawal 3
^
26,709
27,381
29,190
33,059
Februarj^.
.
Total
credits
6,568
13,513
13,164
7,920
302
March.
During period
Income (byspecial
arrangement )
5,043
2,922
7,581
7,784
1963-December.
1
Taxes
3,74-4
813
March 19^8; 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 ia followed
to the tax and loan account in that bank.
during some of the quarterly periods of heavy tax payments.
Less than $500,000.
December 1964
21
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
81,875
82,094
81,612
94,862
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
1,044
96,897
105,911
114,454
121,581
97,774
112,188
118,477
124,066
-877
-6,278
-4,023
-2,485
1964-January . .
February,
March
7,278
12,187
13,419
11,084
13,874
9,862
-3,806
1,313
3,557
April
May
June
8,151
11,670
14,568
10,068
10,373
9,620
-1,917
1,297
4,949
July
August , . .
September.
4,858
11,951
11,614
10,445
11,742
9,727
-5,587
208
1,887
October, . .
November. .
4,579
10,816
10,513
10,934
-5,934
-118
43,818
53,361
-9,543
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
F.Y.
1965 to date
Plus:
Clearing
accounts
2/
1,904
1,827
-306
309
Total net
transactions
Net cash borrow-
or repayment of
borrowing (-)
ing,
Treasurer's
account balance, increase, or decrease (-)
Equals;
.
.
..
.
..
Treasury Bulletin
22
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
month
Total 1/
Fublic
debt 2/
Guaranteed
securities
Fublic
debt
Guaranteed
securities
Special notes to International
Monetary
Fund
Total
2/
2,496
2,667
2,922
3,289
58
115
129
142
396
484
125
150
420
480
305,213
741
4,134
4,133
349
3,036
164
125
459
304,499
306,132
305,405
755
787
817
4,085
4,231
4,186
4,078
4,225
4,185
295
311
3,036
3,166
266
3,171
164
164
164
125
125
125
459
459
459
304,186
308,018
308,169
303,385
307,214
307,357
801
804
812
4,216
4,319
4,357
4,215
4,318
4,356
278
382
295
3,166
3,164
3,289
I64
164
142
150
150
150
457
458
480
307,675
310,472
312,007
306,855
309,625
311,122
820
847
885
4,330
4,465
4,488
4,328
4,464
4,487
273
3,289
3,275
3,425
142
142
142
150
474
425
298
150
150
472
472
312,037
314,856
311,217
820
833
4,419
4,464
4,418
4,463
263
316
3,394
3,385
142
3U,023
150
150
469
412
240
309,347
742
305,955
308,577
310,357
309,590
762
793
818
305,254
306,919
306,222
307,601
311,532
802
805
813
311,183
314,089
315,610
821
315,635
318,486
821
1962
1963
1964
289,211
298,645
306,466
312,526
288,971
298,201
305,860
311,713
1963-Dec ember.
310,089
1964 -January.
February.
309,339
311,150
310,408
May
June
308,402
312,337
312,526
311,713
July
August.
September
312,004
314,938
316,496
October.
November.
316,456
319,320
.
349
438
310
295
285,672
294,442
301,954
307,357
1961
. .
3,299
3,759
3,906
4,356
55
605
812
3,300
3,759
3,907
4,357
285,911
294,886
302,559
308,169
140
April.
U5
1,068
618
1,979
2,238
240
444
607
813
107
March ....
529
597
476
283,380
270,527
276,343
284,706
286,331
101
111
848
886
83A
Other
6/
2,042
1,646
2,873
3,090
106
270,634
276, 4W284,817
286,471
^
InterAmerican
Development bank
2,042
1,646
2,873
3,090
268,486
274,698
281,833
283,241
1957
1958
1959
1960
International
Development
Association
268,592
274,798
281
,9U
101
110
139
W.
Source: Daily Treasury statement.
Includes certain debt 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 securities were issued to the
Treasury (see Table 6).
outside the Treasury.
Held
2/
X/
ij
^
6/
Guaranteed
securities
^
(matured)
430
417
407
200
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 mon+h 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 \J
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaranteed securities
y
Public
debt
Public debt
Total
interestTotal
bearing
public
securidebt
ties
Marketable issues
Total
2/
Treasury
Nonmarketable
issues
Guaranteed
Special securities
issues
Certificates
Notes
3.197
1.033
3.316
3.815
3.345
3.330
2.842
4.721
2.504
2.806
3.304
4.058
2.482
2.576
2.619
2.639
2.853
2.892
2.925
3.219
2.635
2.630
2.694
2.772
2.611
3.073
3.377
3.283
3.704
3.680
2.829
3.122
2.803
3.921
3.3U
3.854
3.471
3.330
3.364
3.412
3.462
3.144
3.500
3.658
3.782
Bills
3/
bonds
V
u
1957
1958
1959
I960
268,592
274,798
281,944
283,380
268,486
274,698
281,833
283,241
7,328
7,248
8,069
9,320
7,325
7,245
8,066
9,316
2.730
2.638
2.867
3.297
2.730
2.638
2.867
3.297
2.707
2.546
1961
1962
285,672
294,442
301,954
307,357
8,769
9,534
8,761
10,141
10,931
9,519
10,119
10,900
3.072
3.240
3.361
3.561
3.072
3.239
3.360
3.560
3.063
3.285
3.425
3.659
2.584
2.926
1963
1964
285,911
294,886
302,559
308,169
1963-Deceraber.
305,955
305,213
10,631
10,603
3.487
3.486
3.578
3.596
3.250
3.862
3.417
3.443
3.103
3.736
1964-January. .
February.
March
305,254
306,919
306,222
304,499
306,132
305,405
10,665
10,800
10,792
10,636
10,770
3.506
3.532
3.537
3.506
3.602
3.848
3.863
3.863
3.448
3.457
3.457
3.450
3.107
3.124
3.135
3.740
,637
,643
3.250
3.250
3.250
3.446
3.531
3.670
3.689
3.715
304,186
308,018
308 1 69
303,385
307,214
307,357
10,750
10,908
10,931
10,720
10,878
10,900
3.547
3.555
3.746
3.742
3.729
3.250
3.882
3.854
3.854
3.457
3.471
3.471
3.457
3.460
3.462
3.118
3.170
3.238
3.777
3.778
3.782
July
August .
September,
307,675
310,472
312,007
306,855
309,625
311,122
10,928
11,027
11,088
3.838
3.823
3.535
3.535
3.466
3.468
3.228
3.253
3.780
3.788
October.
November.
312,037
314,856
311,217
314,023
11,104
11,215
April
May
June
,
. .
.
10,761
3.537
2.891
3.449
3.081
3.729
3.U7
2.891
3.003
3.238
2.622
2.628
2.681
3.751
3.770
3.561
3.546
3.554
3.560
3.659
10,897
10,995
11,055
3.566
3.566
3.568
3.565
3.565
3.567
3.666
3.662
3.663
3.718
3.720
3.722
3.821
3.536
3.472
3.258
3.789
11,073
11,184
3.573
3.577
3.572
3.576
3.671
3.675
3.736
3.773
3.839
3.813
3.535
3.536
3.477
3.480
3.240
3.243
3.783
3.777
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 I960).
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
yj
2/
2/
4/
,657
,663
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.
23
December 1964
DEBT OUTSTANDING
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Public issues
Total
interest-
End of
fiscal
year or
month
1957
195S
hearing
publ i c
1959
1960
1961
1962
1963
1964
Total
public
issues
Total
Bills
Certificates
debt
,
-
Nonmarketable
Treasury
Marketable
5,830
4,727
3,921
3,546
117
138
103
103
860
648
392
75
630
832
68
45,043
V.,939
44,801
46,627
86,413
53,984
48,827
3,685
98
582
760
32
43,658
53,993
54,031
53,961
48,925
49,046
49,101
3,649
3,638
3,613
97
97
98
505
435
373
760
760
710
56
a, 917
64,457
64,478
88,658
87,013
86,998
55
64
42,883
43,221
65,130
67,279
67,284
86,979
88,484
88,464
54,025
54,170
54,240
49,142
49,224
49,299
3,559
3,552
3,546
99
99
103
398
398
392
762
832
832
65
65
68
42,004
45,034
46,627
58,621
58,559
58,572
97,106
97,088
97,063
54,343
54,492
54,774
49,371
103
103
103
282
312
49,502
3,535
3,529
3,515
45,737
47,4A1
47,367
97,045
97,021
54,842
54,946
49,581
49,692
3,450
3,441
102
102
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
61,777
59,050
54,497
47,
285,672
294,442
301,954
307,357
240,629
249,503
257,153
260,729
187,148
196,072
203,508
206,489
36,723
42,036
47,230
50,740
13,338
13,547
22,169
56,257
65,464
52,145
67,28/
80,830
75,025
81,964
88,464
4U
261,555
207,571
51,539
10,939
262,581
263,249
262,184
208,589
209,218
208,223
52,547
53,550
52,548
10,939
4,198
4,198
56,
Apr.
May.
303,385
307,214
307,357
261,381
262,179
260,729
207,356
208,009
206,489
51,049
52,246
50,740
4,198
306,855
309,625
311,122
261,118
262,184
263,755
206,776
207,692
208,981
51,048
52,045
53,345
311,217
314,023
264,960
267,360
210,118
212,4U
54,966
56,469
46,827
46,246
47,514
47,607
48,314
49,299
20,473
32,920
33,343
17,650
304,499
306,132
305,405
Oct..
Nov.
Special
issues
53,481
53,431
53,645
54,240
23,420
22,406
32,017
33,415
305,213
Sept.
Foreign
currency
Other
series
securities 1/
5U
155,705
166,675
178,027
183,845
196i-Jan.
Feb.
Mar.
Aug.
Foreign
series
securities 2/
196
171
183
170
221,658
228,452
237,078
238,342
1963- Dec.
June
Depositary
bonds
11,135
9,621
8,365
6,783
54,622
51,984
50,503
268,486
274,698
281,833
283,241
58,680
July,
bonds,
savings investment
bonds
series
U.S.
Treasury
bonds 1/
58,107
58,924
Daily Treasury statement.
Source:
1/ Includes $50 million ^f Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness, Treasury n^tes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
4/
49,
4U
U,756
44,899
19
25
29
983
69
69
549
,035
,035
554
554
1,086
1,086
69
46,257
70
46,
69
''.64
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration
series beginning July 1960, 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
or month
Amount
outstanding
1-5
Within
1 year
years
10 - 20
20 years
years
years
and over
5
- 10
Average length
1957
1958
1959
I960
155,705
166,675
178,027
183,845
71,952
67,782
72,958
70,467
40,669
42,557
58,304
72,844
12,328
21,476
17,052
20,246
26,407
27,652
21,625
12,630
4,349
7,208
8,088
7,658
4 yrs.
5 yrs.
4 yrs.
4 yrs.
9 mos.
1961
1962
1963
1964
187,148
196,072
203,508
206,489
81,120
83,442
85,294
81,424
58,400
57,041
58,026
65,453
26,435
26,049
10,960
15,221
14,444
16,328
4 yrs.
4 yrs.
5 yrs.
5 yrs.
6 mos.
11 mos.
34,929
10,233
9,319
8,360
8,355
1963-December.
207,571
208,589
209,218
208,223
89,403
88,445
85,046
84,044
58,487
35,682
37,900
36,053
36,047
8,357
8,357
8,357
8,356
15,642
16,378
16,372
16,363
5
yrs.
1 mo.
57,509
63,392
63,413
5
yrs.
yrs.
yrs.
1 mo,
1 mo,
207,356
208,009
206,489
82,554
82,930
81,424
64,057
62,825
65,453
36,041
37,561
34,929
8,355
8,355
8,355
16,350
16,339
16,328
5
43,010
43,002
42,995
8,354
8,354
8,353
17,508
17,505
17,491
5
36,725
38,963
8,353
6,108
17,483
17,473
5
1964- January.
February.
March. . .
April
May
June
July
August.
September
.
October.
November.
206,776
207,692
208,981
210,118
212,414
77,231
81,389
82,689
84,135
88,443
60,672
57,U3
57,452
63,422
61,427
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
37,38-5
5
5
5
5
5
5
5
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
3
mos.
7 mos.
4 mos.
1'
mo,
mo.
1 mo,
mo.
1 mo.
mo.
4 mos.
4 mos.
3 mos,
2 mos.
1 mo.
The last of
bonds, which have been classified to earliest call date.
these bonds yere called on August 14, 1962, for redeii?)tion on
December 15, 1962.
...
'
,,
.
Treasury Bulletin
24
DEBT OUTSTANDING
Table 5.- Special Public Debt
lE>E>ue8
to United States' Government Investment Accounts
iln millions of dollars
J
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
325
996
1,533
2,017
50
165
165
59
19,463
13,610
17,227
16,413
103
112
116
104
7,394
7,738
8,608
9,397
1,200
1,144
1,127
1,107
404
822
429
W,899
718
673
629
694
45,Ci3
ii,939
ii,8C1
i6,627
556
500
26c
270
2,299
2,304
2,165
1,903
50
74
372
82
16,200
15,074
14,221
14,799
138
132
98
332
10,414
11,382
12,438
13,530
1,071
1962
1963
196i
1,028
1,003
956
234
436
678
609
5,759
5,804
5,714
5,783
1963-December.
43,658
72
1,925
324
13,648
51
12,819
981
332
96^- January .
February,
March ....
41,917
42,883
1,845
1,833
1,820
140
12,764
13,207
13,452
59
43,221
75
183
179
84
92
12,357
12,914
12,939
967
964
959
42,004
45,034
46,627
196
220
27C
1,769
1,868
1,903
12,746
14,627
14,799
98
136
332
13,0U
931
90
82
13,099
13,530
July
August. .
September
45,737
47,441
47,367
342
338
289
1,831
1,869
1,857
112
67
14,025
15,128
15,123
344
314
264
October.
November.
46,257
46,664
294
305
1,764
1,735
246
14,243
14,509
End of fiscal
year or month
46,827
i6,2A6
1957
1953
1959
I960
a, 756
1961
1
Total
April.
May
June
.
.
.
65
58
57
60
70
Federal
employees
retirement
funds
Government
Life
Insurance
Fund
Highway
Trust
National
Service
Life
Insurance
Fund
Postal
Savings
Sys tem
1/
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
7,996
6,671
5,636
5,530
123
120
126
138
3,504
3,316
2,786
2,969
4,625
4,657
4,803
4,931
192
156
263
464
5,752
2,687
4,804
263
400
5,601
512
512
5,603
5,604
2,609
2,590
2,580
4,315
4,630
4,457
236
299
519
928
956
560
648
609
5,607
5,610
5,783
2,496
2,486
2,969
4,252
5,024
4,931
249
298
464
13,605
13,658
13,786
953
948
945
558
426
336
5,798
5,808
5,814
2,882
2,877
2,877
4,844
5,504
5,399
496
459
610
268
13,841
942
176
5,824
2,791
5,339
706
284
13,898
938
35
5,830
2,772
5,486
625
Source:
Daily Treasury statement.
1/ Includes Canal Zone Postal Savings System through 1959.
2/ Consists of: Adjusted Service Certificate Fund (through December 1956),
Fund
1
5,570
5,665
5.742
5,803
3,475
3,531
3,417
3,586
26
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund,
Less than $500,000,
December 1964
25
DEBT OUTSTANDING
,
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(in millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development iy
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers
Home
Administration
programs
2/
Housing and Home
Finance Agency
Ebc port-
Import
Bank of
Washington
1/
Adminis-
trator
4/
Federal
National
Mortgage
Association
^
Public
Housing
Administration
Saint
Lawrence
Seaway
Development
Corporation
Tennessee
Valley
Authority
Veterans
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
6/
Other
2/
1957
1958
1959
I960
22,731
21,859
25,343
25,636
1,198
1,188
1,164
1,138
13,383
11,523
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,523
1,937
1,636
232
476
730
977
1,741
41
1,502
2,351
2,338
35
48
97
27
29
112
118
1961
26,011
1962
1963
1964
28,634
29,166
11,534
12,990
13,599
13,990
3,332
3,484
3,657
3,828
456
354
1,027
1,170
1,693
1,830
1,476
830
1,213
1,567
2,005
2,302
3,202
3,167
2,716
2,393
32
32
25
121
121
29,241
1,107
1,062
807
735
1963-December.
28,748
746
13,250
3,749
1,093
1,274
2,180
2,543
65
1964-January.
February.
March. . .
29,131
29,253
746
746
746
13,361
13,532
13,709
3,339
3,339
3,839
1,145
1,139
1,140
1,239
1,234
1,136
2,220
2,257
2,258
2,556
2,523
154
60
746
746
735
13,855
13,902
13,990
3,909
3,909
3,328
1,177
1,182
1,170
844
858
330
2,308
2,345
2,302
2,451
65
3,908
3,908
3,908
1,157
1,158
1,158
841
123
85
2,371
123
85
796
2,342
2,353
2,399
2,403
812
2,485
123
95
1,730
2,012
37
3,988
3,988
1,176
1,204
827
405
2,476
2,501
2,319
2,138
123
123
95
95
1,730
1,730
2,004
2,004
38
April.
. .
Hay
June
July
29,300
29,286
29,376
29,241
August. ..
September,
27,693
23,491
28,747
735
735
735
12,314
13,163
13,268
October. .
November.
29,232
28,602
735
735
13,719
13,640
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 1963
Annual Report of the Secretary of the Treasury, page 720, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties . The obligation 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.G. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
Consists of notes issued to borrow for: The urban renewal program
^
5/
6/
2,491
2,448
2,393
1,294
1,723
1,950
1,970
21
50
85
1,330
1,530
1,730
1,730
1,964
1,976
1,923
2,019
22
22
29
35
122
50
1,730
1,911
35
122
122
123
75
1,730
1,730
1,'30
1,910
1,987
1,997
34
33
123
123
123
50
1,730
1,730
1,730
1,995
2,015
2,019
33
35
35
1,730
1,730
2,012
2,012
36
36
123
123
50
50
85
85
18
2i
21
33
39
(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.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund fiscal years 1959-61, and 1963-65, beginning March 1963:
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund from June 1962 through July
1964; and Secretary of the Interior (Bureau of Mines) for development
and operation of helium properties begininning May 1964;
7/
733
780
930
1,180
.. ..
26
Treasury Bulletin
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
End of fiscal
year or month
1957
1958
1959
I960
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
Federal National
Mortgage Association
Management
and liquidating issues
All other
issues
Tennessee
Valley
Authority
8,407
7,765
9,332
10,192
11,865
382
430
459
498
4,201
963-DeceiDber
11,705
588
4,363
1,952
2,834
1,788
96^- January ,
February.
March. . .
11,395
11,111
11,133
588
588
586
4,043
3,653
3,627
1,964
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
April. ...
May
June
11,250
11,351
11,865
534
527
498
3,627
3,727
4,201
2,156
2,246
2,315
2,973
2,973
2,973
1,698
1,698
July
August, ..
September.
11,792
498
U2
538
538
4,048
4,194
4,182
2,396
2,433
2,424
2,973
3,102
3,102
1,698
1,696
1,571
180
4,1U
2,352
2,174
3,169
3,169
1,707
1,701
180
190
1962
1963
196i
1
Federal
home loan
banks 1/
179
199
284
330
5,013
5,423
6,708
1961
1
Total
Banks for
cooperatives
October. .
November.
12,128
12,241.
576
638
1,055
1,797
2,770
4,369
Office of Debt Analysis and agency reports.
The securities shown in the table are public offerings.
The proprietary interest of the Dnited States in these banks ended
in July 1951.
Source:
N-ite:
1/
12,
11,996
738
456
992
1,259
924
1,159
1,456
1,600
1,552
1,646
1,888
2,137
1,723
1,855
2,133
2,315
2,357
2,550
2,725
2,973
2,198
2,556
1,960
1,698
570
797
797
797
1,050
1,165
1,290
2,284
1,781
2/ The proprietary interest of the United States in these banks ended in
June 1947.
2/ Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
.
,
December 1964
27
,
STATTJTORY DEBT LIMITATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
act approved June 30, 1959, provides that the face amount
of oblig^itions issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the Secretary of the 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, 1946,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Tenporary increases to the permanent limita$10
tion of $285 billion, have been authorized as follows:
billion from July 1, 1959, through June 30, I960 (act of
June 30, 1959); $8 billion from July 1, 1960, through June 30,
by
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 tl-jough
June 30, 1962 (acts of June 30, 1961, and March 13, 1962); $23
billion frcm July 1, 1962, through March 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. billion from July 1, 1963
through June 30, 1964 (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1963, through June 29, 1964 (act of November 26, 1963)); and
$39 billion from June 29, 1964 through June 30, 1%5 (act of
June 29, 1964).
'in
Table 1.- Status Under Limitation November 30, 1964
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of June 29, 1964
324,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government seciorities issued under the Second Liberty Bond Act, as amended
Guaranteed securlti es held outside the Treasury
318,200
3 19,034
Total amount of securities outstanding subject to statutory debt limitation.
4,966
Balance issuable under limitation
Daily Treasury statement.
Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding, November 30, 1064
(In millions of dollars)
Subject to statutory
debt limitation
Class of security
Public debt
Interest-bearing securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
:
56,469
58,924
97,021
Total marketabl e
Nonmarketable;
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Treasury bonds
Treasury certificates
Treasury bonds
D. S. savings bonds ( current redenption value)
D
S. retirement plan bonds
Depositary bonds
Treasury bonds, investment aeries
Treasury bonds, R. E. A, series
'.
. .
.
Total nonmarketabl e
Special issues to Government agencies and trust funds
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
Snecial bonds of the United States:
'Children's Fund series
United Nation
United Nations Special Fund series
United Nations F.A.O. World Food Program series
United States notes ( less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank potes.
Other debt bearing no interest
,
Total debt bearing no interest
,
Total public debt
Guaranteed debtt
1/
Interest-bearing
Matured
Total guaranteed debt
Total public debt and guaranteed debt
Source:
Daily Treasury statement.
,
,
, .
,
,
Not subject to statutory
debt limitation
.
.
Treasury Bulletin
28
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding November 30, 1964
Other Than Regular Weekly and Annual Treasury Bills
(In millions of dollars)
Amount of maturities
Held by -
Year
and
month
of final
maturity
1/
S. Govt,
investment
accounts
and Fed.
Res Banks
U.
Description of security
Total
.
1965
Feb...
2-5/8% Bond
Mar.
3.580* Bill
.
(tax ant.)
Apr ....
1-1/2* Note
May
4-5/8* Note
3-7/8* Note
June .
,
3.639* Bill
(tax ant.
Aug.
3-7/8* Note
Oct....
1-1/2* Note
3-1/2* Note
Note
i*
Total.
1966
Feb
All
other
investors
Amount of maturities
Year
and
month
of final
maturity
V
Held by
S. Govt,
investment
accounts
and Fed.
Res . Banks
U.
Description of security
Total
J
December 1964
29
2
.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In millions of dollars)
Description of nev Issue
Issue date
Number of
days to
maturity 1/
Maturity
date
i
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On con^etitivo basis
On nonconpetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Regular weekly bills;
91
182
2,081.4
1,751.0
1,200.4
900.6
966.7
842.3
233.8
58.3
189.9
111.9
1,200.3
900.4
15,612.5
24,422.2 3/
11
91
182
2,092.4
1,597.3
1,195.8
901.8
937.9
838.2
257.9
63.7
66.9
53.2
1,200.6
900.9
15,607.8
24,423.1 2/
1964-Nov.
1965-Feb.
19
18
91
182
2,070.8
2,041.0
1,200.2
901.3
954.0
838.6
246.1
62.7
268.7
122.3
1,202.1
901.0
15,605.9
24,423.5 2/
1964-Nov.
1965-Feb.
27
25
92
182
2,049.2
1,962.1
1,201.5
902.0
980.1
845.9
221.4
56.1
234.2
112.1
1,200.0
901.8
15,607.4
24,423.7
{1964-Dec.
1965-Mar.
4
91
182
2,129.4
1,522.5
1,200.7
900.3
963.4
836.8
237.2
63.5
222.3
115.4
1,202.0
902.4
15,606.2
24.421.6 2/
10
11
91
182
2,169.5
1,463.9
1,301.8
900.8
1,064.5
839.6
237.
'[1965-Mar.
81.0
32.2
1,201.1
900.3
15,706.8
24.422.1 2/
Sept. 17..
fl964-Dec.
(^1965-Mar.
17
18
91
182
2,082.5
1,474.4
1,301.6
900.0
1,021.5
825.3
280.1
74.7
138.7
63.8
1,200.7
898.8
15,807.8
24,423.3 2/
Sept. 24.
{1964-Dec.
1965-Mar.
24
91
182
2,200.3
1,624.0
1,302.0
900.6
1,055.8
834.9
246.2
65.7
162.4
84.6
1,201.3
900.2
15,908.4
24,423.8 2/
1964-Dec.
1965-Apr.
31
1
91
182
2,085.9
1,450.8
1,300.9
900.3
1,065.8
829.0
235.1
71.4
160.4
73.2
1,200.2
901.5
16,009.1
24.422.7 2/
1,201.2
900.0
16,008.2
2A,423.8 2/
1,201.5
1,000.1 3/
16,018.2
2A,428.2
16,020.4
24,428.0
1964-Aug.
6
1964-Nov.
1965-Feb.
Aug.
13
1964-Nov.
1965-Feb.
12
Aug.
20
Aug.
27
Sept.
3..
Sept. 10..
Dot.
1..
("1964- Dec.
5
4
3
25
61.
Oct.
8..
Jan.
Apr.
7
8
91
132
1,912.8
1,634.7
1,200.3
901.2
959.9
823.0
240.4
78.2
159.2
73.1
Oct.
15..
Jan.
Apr.
14
15
91
182
2,163.8
2,095.5
l,21ll6
1,004.5
937.5
914.5
274.1
89.9
13.8
5.6
Oct.
22..
Jan.
Apr.
21
22
91
182
2,170.1
1,725.4
1,202.9
1,000.8
949.1
917.3
253.8
83.5
193.4
1U.2
1,200.7
1,000.9 2/
Oct.
Jan.
Apr.
28
29p.
29
91
182
2,204.8
1,902.2
1,200.2
1,002.8
966.5
931.3
233.7
71.4
215.1
102.7
1,200.7
1,000.6
y
16,019.8
24.430.2
Nov.
Feb.
5p.
4
6
91
182
2,106.3
1,650.2
1,200.6
1,000.0
956.4
928.4
244.
71.
205.
113.
1,200.4
1,000.5 2/
16,020.0
24,429.7
Nov.
12p.
Feb.
11
13
2,029.2
1,742.4
1,199.9
1,000.3
9U.8
May
91
182
912.7
255.1
87.6
149.
74.
1,195.8
1,000.5 2/
Feb.
18
May
20
91
182
2,158.'
1,812 J
1,201.0
1,000.8
938.6
924.0
262.5
76.8
230.
133.
1,200.2
1,000.6 2/
Feb.
25
27
90
181
2,638.-'
1
200
1,937.8
1,000.1
980.3
931.7
219.8
68.4
217.8
122.7
1,201.5
1,000.2 2/
22
22
22
201
147
210
2,235.0
3,188.2
3,703.1
1,001.0
1,503.2
1,504.5
971.8
1,299.3
1,298.9
29.2
203.9
205.6
31
Sept. 30
363
365
2,631.7
2,395.4
1,001.1
1,002.0
936.9
954.9
64.3
47.0
Oct.
Nov.
Dec.
31
30
31
362
363
363
1,890.9
2,794.5
2,113.3
1,000.3
1,004.8
1,000.3
966.3
33.9
160.3
27.7
1965-Jan.
31
Feb.
Mar.
28
360
362
357
2,211.9
2,412.3
2,568.2
1,000.4
1,000.5
1,001.5
969.8
981.1
883.0
30.6
19.4
118.5
6.
Apr.
30
2.
7.
May
June
31
30
359
363
358
1,883.8
2,207.6
2,393.3
1,001.4
1,000.1
1,001.2
984.4
982.0
979.8
17.0
18.1
21.4
4
July
31
31
361
365
365
2,080.1
1,940.3
1,849.0
1,000.5
1,000.4
1,000.5
979.3
960.2
947.7
21.2
40.2
52.8
26./
1,001.1
18.4
1,002.0
12,013.4
12,012.0
2,349.8
2,496.6
999.9
1,000.5
954.7
948.4
45.3
52.1
103.8
63.1.
1,000.3
1,004.8
12,011.7
12,007.4
Nov.
19p.
Nov.
27p.
May
May
,
.
y
y
y
y
y
y
16,025.0
24,429.7 y
16,023.6
24,429.7 y
16,024.1
24,429.5
Tax anticipation bills:
196A-Sept.
2
19b5-Mar.
Mar.
Nov.
24p
June
1,001.0
2,504.2
4,008.6
One-year billS!
.1963HSept.
Oct.
Nov.
Dec.
1964- Jan.
1964-Aug.
2,500.1 i/
i.
3.
3.
8U.5
972.6
5,496.2 6/
Feb.
Mar.
Apr,
31
2.500.8 7/
May
June
July
1.997.9 3/
Aug.
Aug.
Sept.
31.
Aug.
30.
Sept. 30
Oct.
31p.
Oct.
31
365
Nov.
30p.
Nov.
30
365
Source:
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in
daily Treasury statement.
Note:
Tax anticipation and one-year bills are shown in the table each
month until the month in which they mature is no longer shown in the
issue date column for regular weekly bills.
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 one
^
^
^
^
7/
S/
bidder are accepted in full
bids; for other issues, the
offering announcement.
Includes strip bills issued
Issued on October 26, 1964;
Matured October 15, 1963.
Matured January 15, 1964.
Matured April 15, 1964.
Matured July 15, 1964.
10,496.1
11,498.1
8,998.0
9,998.2
11,003.0
12,003.3
9,507.2
10,507.6
11,508.1
12,509.6
10,008.8
11,010.2
12,010.4
13,011.6
11,013.7
12,014.1
at average price of accepted competitive
corresponding amount is stipulated in each
July 29, 1964.
additional to bills dated September 2, 1964.
)
31
December 1964
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Average price
per hundred
Equivalent rate 2/
(Percent)
(Percent)
489
3.588
99.122 10/
98.192
3.473
3.576
99.116
98.184
3.497
3.592
99.113
_98.174
3.510
3.611
99.118 n/
98.186 ig/
3.439
3.588
99.111
98.170
3.517
3.620
20.
99.112
98.163
.634
99.115
98.171
3.501
3.618
99.111
98.161
3.517
3.638
99.102
98.160
.513
,639
99.106 12/
98.166
3.498
3.628
99 100
27.
98.158
3.522
3.644
99.112
98.165
3.512
3.629
99.115
501
98.17?
618
99.110
98.161
3.521
3.638
99.112
_98.155
3.514
3.649
99.117
98.162
3.493
3.636
99.109
98.149
525
661
541
Aug.
13.
Aug.
Aug.
Sept.
3..
Sept.
10..
512
y^
.
Sept.
17..
99.105
98.133
693
99.114
98.140
3.505
3.679
99.103
98.129
3.549
3.701
Sept.
2i..
99.105
98.133
3.542
3.692
99.108
98.136
3.529
3.687
99.103
98.131
3.549
3.697
Oct.
99.101
.124
3.555
3.711
99.106
98.134
3.537
3.691
99.100
98.120
3.560
3.719
Oct.
99.094
98.107
3.583
3.744
99.098 ly
98.110 16/
3.563
3.733
99.091
98.105
596
748
99.095
98.116
3.580
3.726
99.098 17/
98.118 Ig/
,568
,723
99.093
98.115
729
99.092
3.592
3.738
99.094
98.118
3.584
3.723
99.091
98.106
,746
.117
3.568
3.724
99.101
98.121
3.556
3.717
99.097
98.116
3.572
3.727
I99.IOO
198.120
3.561
3.718
99.105 12/
98.124
3.541
3.711
99.098
98.116
3.568
3.727
69.097
3.574
3.742
99.100 20/
98.115 21/
3.560
3.729
99.095
93.106
3.580
3.746
588
Oct.
15..
Oct.
22..
Oct.
29p.
Nov.
5p.
Nov.
12p.
Nov.
19p.
f99.090
[_98.093
3.600
3.772
99.093 22/
93.098 22/
3.588
3.762
99.089
98.090
3.604
3.778
27p.
(99.061
198.018
3.757
3.942
99.068 24/
98.040 2^
3.728
3.898
99.054
98.000
3.784
3.978
98.001
98.564
97.877
3.580
3.518
3.639
98.012 24/
98.575
97.395 27/
3.561
3.490
3.609
97.993
98.559
3.536
96.395
96.364
96.347
96.380
96.262
96.320
96.214
96.312
96.305
96.250
96.329
96.346
96.260
96.174
96.158
95.876
3.575
3.586
3.633
3.590
3.707
3.680
3.765
3.719
3.705
3.719
3.691
96.410
96.330
96.365
96.400
96.275
96.335
96.225
96.334
96.316
96.259
96.336
96.362
96.270
96.139
96.168
3.560
3.570
3.615
3.570
Nov.
Tax anticipation bills:
1964-Sept
2
V
Nov.
24.p
One-year bills :
1963-Sept.
3..
Oct.
Nov.
Deo.
1964.- Jan.
Feb.
Mar.
Apr.
>toy
June
July
Aug.
Aug.
Sept.
Oct.
Nov.
21/
22/
Price per hundred
3,
6.
X/
Equivalent rate 2/
99.118
98.186
1964-Aug.
2/
10/
liy
12/
11/
14/
15/
16/
17/
18/
12/
Price per hundred
(Percent
Regxilar weekly bills;
Low
High
Equivalefit average
rate' £/'
(Contlnuedl
On competitive bids accepted
On total bids accepted
Issue date
-
1..
4..
3..
3..
6..
3..
3..
6..
2..
7..
4..
31..
30..
31p.
30p.
Bank discount basis.
Except $200,000 at 99.128.
Except 1300,000 at 99.122.
Except $200,000 at 98.225.
Except $796,000 at 99.113 and
Except $100,000 at 98.200.
Except $800,000 at 99.101.
Except $100,000 at 98.124 and
Except $150,000 at 99.102.
Except $100,000 at 98.125 and
Except $236,000 at 99.109.
Except $460,000 at 99.107 and
Except $200,000 at 98.119 and
Except $200,000 at 99.095.
.110
99.098
]98.108
3.6U
3.688
3.773
3.790
4.068
$3,000,000 at 99.111.
$400,000 at 98.114.
$900,000 at 98.120.
$300,000 at 99.106.
$200,000 at 98.118.
95.
9U
20/
23/
22/
22/
22/
3.694
3.665
3.754
3.697
3.694
3.710
3.684
3.628
3.679
3.759
3.780
4.000
596
.
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bills
1/
(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 2/
New money
increase, or
decrease (-)
(Percent)
1957-January
31
1957-May
7
May
May
May
May
June
June
91
$2,624
$1,700
3.283
$99
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.283
99
99
23
31
91
91
91
92
200
202
6
13
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
202
February
February
February
February
21
28
March
March
W
December
December
19
26
1958-March
March
20
27
91
91
2,348
2,416
1,700
1,700
3.140
3.173
100
98
2
April
April
April
April
3
10
17
24
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
1958- January
January
U
7
9
16
January
January
9
16
23
March
13
June
12
91
2,436
1,700
1.532
-100
September
September
September
11
18
25
December
December
December
11
18
91
91
26
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
92
91
91
91
91
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
100
104
99
102
13
91
92
2,814
2,857
1,802
1,801
2.649
2.774
102
101
12
11
91
2,407
1,073
1,600
400
2.805
3.081
200
182
19
18
91
182
2,476
764
1,600
400
2.904
3.095
200
26
25
90
181
2,394
1,601
400
2.739
3.017
201
2
April
July
2
2
90
181
2,479
1,600
400
,690
,920
199
8
April
July
9
9
91
182
2,508
680
1,599
400
2.678
2.959
199
15
April
July
16
16
91
182
2,178
1,600
401
2.808
3.034
197
91
182
2,090
3
724
1,500
400
2.816
3.111
101
11
10
91
182
2,254
967
1,301
400
3.062
3.375
101
18
17
91
182
2,019
727
1,301
400
2.763
3.058
100
25
24
91
182
2,122
671
1,300
400
2.766
3.093
100
91
182
1,866
875
1,200
400
3.150
3.690
199
2
1959-January
9
16
Ja-nuary
January
15
23
30
Janxiary
22
29
November
November
6
13
December
11
February
February
March
October
October
October
October
October
January
June
December
18
December
26
1959-January
January
January
March
March
March
June
March
June
June
September
5
12 i/.
March
19
March
26
Jxine
.
September
June
September
June
September
5
A-
834
755
734
August
13
1959-November
1960-February
August
20
1959-November
1960-February
91
182
1,853
790
1,200
400
3.417
3.782
199
27
1959-November
1960-February
92
182
1,964
693
1,200
400
3.824
4.152
204
1960-May
19
1960-August
November
91
182
1,809
961
1,200
500
3.793
4.000
97
May
26
August
November
25
25
91
183
1,834
897
1,200
500
3.497
3.867
96
1
1
91
182
1,820
996
1,101
500
3.184
3.495
100
August
June
1961- January
January
February
March
2
September
December
19
1961-April
July
20
20
91
182
1,889
995
1,101
400
2 ,358
2 ,530
99
26
April
July
27
27
91
182
1,986
1,082
1,100
500
2.230
2.422
200
May
A
August
91
182
2,057
1,082
1,101
500
2.299
2.497
201
3
29
28
91
182
1,924
1,046
1,100
500
2.392
2.576
99
2
30
Footnotes at end of table.
June
September
(Continued on following page)
)
33
December 1964
PUBLIC DEBT OPERATIONS.
Table 3.- New Money Financing through Regular Weekly Treasury Bills V-<Contlnued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent
1961-April
April
May
6.
13.
1961-July
October
July
October
Axigust
4.
November
91
182
2,087
950
1,101
500
2.299
2.417
100
101
2.200
2.385
99
30
1
91
182
1,821
934
1,100
600
2.321
2.617
100
January
April
18
19
91
182
2,221
1,112
1,100
600
2.382
2.734
100
January
April
25
91
182
2,038
1,252
1,101
600
2.325
2.708
101
101
19
October
26
26
May
3
August
2
91
182
2,213
1,334
1,201
600
2.706
2.939
17
16
91
182
2,030
1,195
1,200
600
2.759
2.952
100
24
23
90
181
2,424
1,284
1,202
601
2.849
3.031
102
31
30
91
182
2,101
1,198
1,201
600
2.665
2.847
101
7
91
182
1,9U
1,106
1,200
601
,883
,804
,972
99
May
8
3
2
1,100
500
October
March
100
1,916
960
1961-November
1962-March
1
91
183
2.361
2.556
91
182
31.
March
13
13
1,101
500
19
18
Au^st
23
$99
2,000
1,118
1,101
500
October
1962-January
February
2.470
2.658
1,877
1,115
20.
15
500
91
182
July
February
Si, 100
August
November
11.
1
$1,916
1,048
5
2.232
2.423
May
1962-February
91
182
6
August
May
August
May
August
June
September
6
W
721
103
13
91
182
2,716
1,165
1,201
600
June
September
21
20
91
182
2,162
1,182
1,201
600
,689
,854
96
June
September
28
27
91
182
2,182
1,248
1,200
600
.719
,857
99
5
91
182
2,225
1,217
1,201
601
2.757
2.875
100
4
12
11
91
182
2,470
1,088
1,200
600
2.720
2.814
99
2.723
2.825
99
March
15..
June
September
March
22..
March
29..
April
5.,
July
October
April
12.,
July
October
April
19.,
July
October
19
18
91
182
2,237
1,241
1,201
600
April
26.,
July
October
26
25
91
182
2,103
1,168
1,201
600
2.740
2.837
99
May
10.
August
November
91
182
2,524
1,352
1,204
602
2.719
2.816
105
May
24.
August
November
23
23
91
183
2,096
1,247
1,300
600
2.700
2.795
98
May
31.
August
November
30
29
91
182
2,330
1,339
1,301
601
2.656
2.743
102
202
June
7.
September
December
6
6
91
182
2,302
1,557
1,301
702
2.691
2.787
June
U.
September
December
13
13
91
182
2,200
1,568
1,300
700
2.671
2.758
199
June
21.
September
December
20
20
91
182
2,594
1,186
1,301
701
2.721
2.800
199
June
28.
September
December
27
27
91
182
2,257
1,338
1,300
700
2.792
2.872
200
July
5.
July
July
July
October
4
1% 3- January
91
182
2,212
1,202
1,301
700
2.930
3.008
200
3
12.
1962-October
1963-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
19.
1962-October
1963-January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
1,298
703
2.892
3.103
200
26.
Footnotes at end of table.
1962-October
1963-January
25
24
91
182
2,127
1,362
(Continued on follovring page)
34
December 1964
35
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury BlUsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
Maturity
date
36
December 1964
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
38
.
December 1964
39
_ PUBLIC
DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
.
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are- on "clearance"
basis in daily Treasury statement.
Issued at par except as noted.
1/
For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis)
on
accepted bids. For details of bill offerings, see Table 2.
In reopenings, the amount Issued is in addition to the amount in original
offering.
2/ From date of additional issue in case of a reopening.
2/ Subscriptions shown are from the public, but amounts issued Include
allotments to Government investment accounts.
i/ For maturing securities exchanged for the new issues, see Table 7.
Tax anticipation bill, acceptable at face value in payment
of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
6/ Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
2/ Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted In full and subscriptions for more than $100,000 were allotted not
less than $100,000
In addition, $100 million of the notes was
allotted to Government
investment accounts.
8/ Exchange offering available to owners of nonmarketable 2-3//«
Treasury bonds, Investment Series B-1975-80, dated
April 1, I951
For
further information on the original offering
see Treasury Bulletin
1951
page A-1. Amounts shown are as of November
30, 1964.
q/ Redeemable
R»I ^'"i^ at the option of
2/
the holder on August 1, I959 on three
'
months' advance notice.
10/ In addition to the amounts issued in exchange,
$100 million of each
issue was allotted to Government investment
accounts
11/ Redeemable at the option of tlie holder on February I5, I96O
on
'
three months' advance notice.
12/ Subscriptions in excess of $100,000 were allotted 22 percent
for the
certificates and 28 percent for the notes.
Subscriptions for
$100,000 or less for both issues were allotted in
full, and subscriptions for more than $100,000 were allotted
not less than $100,000
In addition, $100 million of each issue
was allotted to Goverment
investment accounts.
12/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no
case
less than $50,000.
In addition, $100 million of the bonds was allotted to Government Investment accounts.
Payment of not more than 50
percent could be deferred until not later than October 21, 1957.
14/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers but in no case
less than $10,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
Subscriptions
15/
for $10,000 or less were allotted in full
Subscriptions for more than $10,000 were allotted 26 percent to
savings-type
investors and 10 percent to all other subscribers but in no
case
less than $10,000.
In addition, $100 million of the bonds was
allotted to Government Investment accounts.
16/ Subscriptions for $10,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 20 percent but
in no case
less than $10,000,
In addition, $100 million of the bonds was
allotted to Government investment accounts.
17/ Subscriptions for $25,000 or less were allotted in full.
Subscriptions for more than $25,000 were allotted
2i percent but in no case
less than $25,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
18/ Subscriptions for $5,000 or less were allotted in full.
Subscriptions for more than $5,000 were allotted 60 percent to savings-type
investors, AO percent to commercial banks for their own accounts,
and 25 percent to all other subscribers, but in no case less
than
In addition, $100 million of the bonds was allotted to
$5,000.
Government investment accounts.
12/ Tax anticipation certificate, acceptable at par plus accrued
interest to maturity in payment of income and profits taxes due
on
the quarterly payment date immediately preceding maturity.
20/ Subscriptions for $100,000 or less were allotted in full.' Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
21/ Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full.
Subscriptions for more than
the minimum for each issue were allotted /^i, percent on bills and
35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was allotted to Government investment
accounts.
22/ Subscriptions for $100,000 or less were allotted in fuU.
Subscriptions for more than $100,000 were allotted A7 percent but in no
case less than $100,000,
22/ 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
full when accompanied by 100 percent payment at the time
of entering the subscriptions. All other subscriptions for
$5,000 were
Source:
y
m
allotted in full. Subscriptions for more than
$5,000 were allotted
not less than $5,000.
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 ii
installments up to April 23, 1959 (not less than
25 percent by
January 23, 1959, the issue date; 50 percent by February
24 195975 percent by March 23, 1959; and full payment by April
1959)'
2^ Subscriptions for $100,000 or less were allotted in full23,Subscrip
tions for more than $100,000 were allotted 50 percent
but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
25/ Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from oommercial
banks for
their own account totaled $941 million and were allotted
35 percent
Subscriptions from all other investors totaled $322 million
and were
allotted 20 percent. Subscriptions for $25,000 or less
from savingstype investors and commercial banks, and for
$10,000 or less from
all others, were allotted In full. Subscriptions
for more than
these minimums were allotted not less than the minimums.
In addition, $50 million of the bonds was allotted to
Government investment accounts.
26/ Full-paid subscriptions of $25,000 or less, totaling $941 million
were allotted in full.
Subscriptions from savings-type investors'
totaled $1,361 million and were allotted 45 percent.
Subscriptions
from commercial banks for their own account totaled
$6,390 million
and were allotted 8 percent, but not less than
$1,000 on any one
subscription. Subscriptions from all other investors
totaled
$2,433 million and were allotted 5 percent, but not less than
$1,000
on any one subscription.
In addition, $100 million of the notes
was allotted to Government investment accounts.
22/ Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were
offered in exchange
the 4-3/4% notes, with certain adjustments as
of December 15, 1959
at a price of 99-3/4^. 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.
dO/ Issued as a rollover of maturing one-year
bills.
22/ Savings-type investors were given the privllege'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 I5).
In addition to the amounts allotted
to the
public, $100 million of the bonds was
allotted to Governmen? in!
vestment accomits,
20/ Subscriptions for $100,000 or less were allotted in full.
Subscrip
ii/
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.
?"°"^ were permitted to be made with payment in cash or in
°'^*'^ii^ A^Sust 15, 1960 (see Table
7, Coott'Jiw-,
t'^^.'^°IT
="l^^"°"'i" °i'<5er that holders of 3-5/8?
Federal
NatLnfn Mortgage
M la
National
Association notes maturing Au^st 23,
1960,
might
have an opportunity to reinvest the
proceed!, tfe Secretary of the
Treasury, in behalf of the Association,
offered to purchase such
notes on August I5, 1960, at par and
accrued interest to the extent
"^"^ ^''°"^'' ^""^ *h^ P-=-^= ^-" the par
afoL?"of T'"f''°'''
notes were applied to payment, in whole
or in part,
f •'>
lor the new securities.
f v!f
rZ^L
^
^
Consists of allotments on subscriptions
from holders of Treasury
lieasury
notes maturing August 15, I960.
•^''°'° ^'*^^' political subdivisions,
or instrumentalities
fw!nf''"°^f
thereof
public pension and retirement and other
public funds, inter"^""'^ ^^^ """^'^ States holds membership,
^ore?!^
"S"^ and foreign
foreign .°T"i
central K
banks
States, Government Investment
accounts, and the Federal Reserve Banks as
provided in the offering
circular, totaled $6,285 million and were
allotted in full
Suballotment
totaled $11,104 million and were
^^°^ *°
«nJ;?^^"! ''f
"P *° '""^ i"=l"'il^ $25,000; all others were allotted
-C-Cl^Xl
percent but in no case less than
$25,000.
*^'^S1 "il"™ f™- savings-type
|i'nn''''-?^^°"%*°^'^^'^
investors ana
^^^^'""^"^
=="°-^; ^^'^ ^^re allot ed
2*5 p°ercent°"
^nTT"^".''''°'° '=°™<^'-<=isl banks
for
their
"!
own accounts
totaler^'708 ^n^?
^
,, /
J
Y^f-
L™
*?^^-'' ""/^"°" °^ "-^^ 3-1/2? bonds of 1990,
^?^ ^®°;
and te16 ? "il^^""
°f the 3-1/2? bonds of 1998.
I
°' S^^i^= ^ ^^^ ° savings bonds
ls":rin Mir"^""'^''^*''"."'''"""
,1'
.^? "'^*'^'' ^" ^'5^°' "^'•^ °n^T^i. in exchange the
ll^nl^
4? bonds, with certain adjustments as of December
15, 1960, at a price
Footnotes continued on following page.
1R/
T^^^
.
December 1964
41
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
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
tt-l/&% Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
LQJ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
l^ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subthose
scriptions subject to allotment totaled $14,619 million:
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
^2/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Ban]£s and Government investment accounts
$39 million of the 3-3/8^ bonds of 1966, and $540 million of the
3-5/8!8 bonds of 1967.
43/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/456 Treasury certificates or J-5/S% 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-l/2iC bonds of 1980, $160.6 million of the
3-1/256 bonds of 1990, and $289.5 million of the 3-1/256 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
In addition, $100 million of the notes was
less than $100,000.
allotted to Government investment accounts.
allotted
to Government investment accounts of the
Includes
$2
million
49/
3-1/4J6 notes, $4 million of the 3-3/4J6 bonds of 1966, and $136 million
of the 3-3/456 bonds of 1974.
50/ 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,
11/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/856 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.
Subscrip52/ Subscriptions for $50,000 or less were allotted in full.
tions for more than $50,000 were allotted 60 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Govern2J/ Includes $3,411 million allotted to Federal Reserve Banks and
ment investment accounts of the 3-1/256 certificates and $1,518
million of the 456 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 456 bonds of 1980, $218 million of the 3-l/2^
bonds of 1990, and $221 million of the 3-1/256 bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
55/
March 23, 1962 (see Table 7, footnote 22),
56/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts,
57/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4/6 certificates, $14 million of
the 3-5/856 notes, and $64 million of the 3-7/8^ bonds,
58/ Subscriptions were permitted to be made with payment in cash or in
the U% notes or 3-1/4? notes, both maturing August 15, 1962 (See
Table 7, footnote 23).
59/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
60/ 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,
-
of lOOj.
61/
62/
62/
§A/
65/
66/
62/
68/
62/
70/
71/
72/
73/
74/
21/
26/
77/
IS/
22/
80/
81/
82/
(Continued)
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 456 bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds was allotted to
$100,000.
Government investment accounts
All subscriptions for the 4-1/4? 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 4? 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 4? bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
maturing
$100 million for cash of ten series of weekly Treasury bills
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
either
bonds Jhich mature in 1963 and 1964 were offered in exchange
adjustments as of
the 3-7/8? bonds or the 4? bonds with certain
denominations of
December 15, 1962, at a price of 99.50. Smaller
of
savings bonds could be exchanged for the next higher multiple
Cash payments
$500 of the bonds upon payment of any cash difference.
the 4? bonds.
amounted to $93,000 for the 3-7/8? bonds and $101,825 for
competitive bidding
The bonds were sold to a syndicate on the basis of
The winning bid was $99.85111 per $100
for reoffering to the public.
a net basis cost to the
of face amount for a 4? coupon, resulting in
Treasury of 4.008210?, calculated to maturity.
Banks and GovernReserve
Federal
Includes $3,921 million allotted to
ment 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.
Tha bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $100.55119 per $100
for reoffering to the public.
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 3-5/8? 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 accounts.
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
3-1/8? 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 subthose up to and including
ject to allotment totaled $15,762 million:
$100,000 were allotted in full; all others were allotted 21 percent but
in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 83-1/2 percent but in no case
In addition, $125 million of the bonds was allotted
less than $50,000.
to Government Investment accounts.
Footnotes continued on following page.
82/
.
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
g^
S^/
§6/
87/
88/
89/
20/
91/
Includes $^,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/3^ notes.
Subscriptions
Subscriptions for $50,000 or less were allotted in full.
for more than $50,000 were allotted 9 percent but in no case less than
$50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the A% notes and $29 million nf the J^-l/A%
bonds,
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million nf the k~\fk% bonds of
1987-92, and %k million ^f the i-l/8% bonds of 1973.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
Subscriptions were permitted to be made with payment in cash nr in 5^
notes or 3-j/U% notes, b^th maturing August 15, 1964 (See Table 7,
footnote 32)
Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
Subscriptions from States, political subdivisions or instrumentalities
tnereof, public pension and retirement and other public funds, international irganizations in which the United States holds membership,
-
(Continued)
foreign central banks and foreign States, Government investment accounts
and the Federal Reserve Banks, as provided in the offering circulars,
totaled $1,950 million and were allotted in full.
Subscriptions
subject to allotment totaled $12,903 million: those up to and including
$100,000 were allotted in full; all others were allotted 15 percent
but in no case less than $100,000.
32/ Subscriptions were permitted to be made with payment in cash or in
4-7/8$ notes or 3-3/4/6 nntes, both maturing November 15, 1964 (See
Table 7, footnote 34).
93/ Consists of allotments on subscriptions from holders of Treasury notes
maturing November 15, 1964.
9 4 / 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 circulars,
totaled $6,607 million and were allotted in full. Subscriptions subject
to allotment totaled $15,293 million: those up to and including
$100,000 were allotted in full; all other were allotted 16.5 percent
but in no case less than $100,000.
p Preliminary,
,
December 1964
A3
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
4^
PUBLIC DEBT OPERATIONS
Table 5.- Securities lesued In Advance Refunding Operations -(Continued)
Date issued
Amount
issued
(In millions)
Securities issued
Adjustment payments
at issue (per llOO
of face value)
1/
By
Trea sury
3-5/8^
J960
2,275
206
845
2/15/67-B
Note
4,287
3-7/8^
Bond
11/15/71
U
693
532
94
196
1,515
3/15/63
3-7/8!S
Bond
ii/i'j/n,
y
136
314
251
373
1,074
17
49
2
24
i,%
Bond
2/15/80
V
195
420
210
213
1,131
3-7/8i6
Bond
11/15/68
1,%
Bond
8/15/73
4-1/8^
Bond
U%
4-1/4*
9/15/63
5/15/89-94
V
Bond
8/15/70
V
Bond
5/15/75-85
V
-
1/22/64
To
Treasury
Effective
interest
rate 2/
Investment
yield j/
Eligible securities exchanged
December 1964
45
46
Treasury Bulletin
December 1964
47
PUBLIC DEBT OPERATIONS
48
49
December 1964
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Claeses on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/- (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Dieposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Disposition offers
by Treasury
Called or maturing security 1/
Issue
date
Description
Amount
outstanding
Cash
retirement
of exchange offers
Result!
Exchange
1
Exchanged
secxirity
offered
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
2.627% Bill
2.617% Bill
2-5/8% Certificate
1/16/57
10/17/56
1,603
1,603 i/
2/15/57
11/16/56
1,750
1,750 J/
2/15/57-A
3/5/56
7,219
2-7/8% Note
V15/57-A
9/15/53
1-1/2% Note
4/1/57-EA
4/1/52
Total..
2.585% Bill
6,394
7,219
2,997
531
531
522
10,747
10,747
9,878
4,155
2,351
647
3/22/57
12/17/56
1,006
1,006
3/22/57-B
8/15/56
3,221
3,221
1-5/8% Note
5/15/57-B
10/4/54
4,155
3-3/8% Certificate 3-1/2% Note
2/14/58-A
5/15/6O-A
3-3/8% Certificate [3-1/2% Note
2/14/58-A
5/15/6O-A
3-3/8% Certificate -
2/14/58-A
f
L
1,498
920
2,997
2-3/4% Certificate
282
543
578
870
f
[8,414
11,464
of 3-3/8% Certificate
of 3-1/2% Note
V
V
1,157
I
3-1/2% Certificate
13-5/8% Note
I
4/15/58-B
2/15/62-A
V
V
V
3.305% Bill
6/24/57
1/16/57
1,601
1,601
3.231% Bill
6/24/57
2/15/57
1,750
1,750
6/24/5 7-C
12/1/56
1,312
1,312
2-3/4% Note
8/1/5 7-D
7/16/56
12,056
12,056
8,893
1,783
1,039
342
3-5/8% Certificate Certificate 4%
Note
4%
12/1/57-E
8/I/58-C
8/1/61-A
Note
8/15/57-C
2/15/55
3,792
3,792
978
1,327
1,118
369
3-5/8% Certificate
Certificate
4%
Note
4%
12/1/57-E
8/1/58-C
8/1/61-A
3-1/4% Certificate
10/1/5 7-D
12/1/56
7,271
7,271
6,634
319
318
[4%
[4%
Certificate
Note
8/1/58-C
8/1/61-A
10/1/5 7- EO
10/1/52
824
824
49
f4%
Certificate Note
8/1/58-C
8/1/61-A
3-1/4% Certificate
2%
.
1-1/2% Note
Total.
23,943
2.825% Bill
-
9/23/57
5/27/57
1,501
3-5/8% Certificate
-
12/1/57-E
8/1/57
9,971
'3-3/8% Certificate
-
2/14/58-A
2/15/57
1,501
743
32
1,4%
9,871 of 3-5/8% Certificate
10,487 of 4%
Certificate
2,509 of 4%
Note
23,943
22,866
1,077
9,971
9,833
138
3-3/4% Certificate -
I2/1/58-D
257
2-1/2% Certificate Bond
3%
3-1/2% Bond
2/14/59-A
10,851
7,493
1,980
1,121
2/U/59-A
164
2-1/2% Certificate
Bond
3%
3-1/2% Bond
49
'2-1/2% Certificate
Bond
3%
.3-1/2% Bond
2/14/59-A
2/15/64
2/15/90
607
2-1/2% Certificate
Bond
3%
3-1/2% Bond
2/14/59-A
2/15/64
2/15/90
2-1/2% Certificate
Bond
3%
.3-1/2% Bond
2/14/59-A
2/15/64
2/15/90
V
10,851
2-1/2% Bond
-
3/15/56-58
6/2/41
1,449
1,449
343
592
350
1-1/2% Note
-
4/1/58-EA
4/1/53
383
383
194
115
25
3-1/4% Bill
-
4/15/58
8/21/57
1,751
1,751
3-1/2% Certificate
-
4/15/58-B
5/1/57
2,351
2,351
1,064
796
135
357
16,785
16,785
15,351
1,433
677
372
96
770
3,854
1,727
2/15/6-4
2/15/90
2/15/64
2/15/90
of 2-1/2% Certi
of 3%
Bond
of 3-1/2% Bond
V
3.485% Bill
3/24/58
7/3/57
3,002
2-7/8% Note
6/15/58-A
12/1/55
4,392
4,392
1,015
3,195
181
1-1/4% Certificate 2-5/8% Bond
-
5/15/59-B
2/15/65
2-3/4% Bond
6/15/58-63
6/15/38
919
919
91
800
28
1-1/4% Certificate Bond
-
5/15/59-B
2/15/65
2-3/8% Bond
6/15/58
7/1/52
4,245
4,245
710
3,392
143
fl-1/4% Certificate 1,2-5/8% Bond
5/15/59-B
2/15/65
9,555
9,555
9,204
351
[1,817
[7,388
Total.
3,002
2-5/8% Bond
2/15/65
6/15/58
7,388
104
2-5/8% Bond
2/15/65
6/15/58
7,284
387
Footnotes at end of table.
^
V
(Continued on following page)
of 1-1/4% Certificate
of 2-5/8% Bond
51
December 1964
PUBLIC DEBT OPERATIONS
52
December 1964
54
Treasury Bulletin
December 1964
55
PUBLIC DEBT OPEPATIONS
Table 7.- Dlppoeitl on of Matured Public Marketable Securities
Other Than Regul ar Weekly Tmsury Bills - (Continued)
Treasury Ballethi
56
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
(In millions of dollars)
5/l5/6i
3-1/4%
Cert.
-
5/15/64-B
5/15/63
4,198
4-3/4%
Note
-
5/15/64-A
7/20/59
4,400
3-3/4%
Note
-
5/15/64-D
6/23/60
2,01f
-
3,829p
309p
3,452p
620p
l,279p
604p
Total.
10,614
6/22/6i
3.650%
Bill
6/22/64
1/15/64
2,501
7/15/64
3.582%
Bill
7/15/64
7/15/63
1,998
3%
Note
8/15/64-B
10/15/59
2,045
3-3/4%
Note
8/15/64-E
8/1/61
4,086
4-7/8%
Note
11/15/64-C
2/15/60
3,867
3-3/4%
Note
11/15/64-F
8/15/63
5,961
3-7/8%
Note
5/15/65-C
11/15/63
7,977
3-5/8%
Note
2/15/66-B
5/15/62
5,653
3-3/4%
Bond
5/15/66
11/15/60
2,862
4%
Note
8/15/66-A
2/15/62
5,820
3-5/8%
Note
2/15/67-B
3/15/63
3,475
7/22/64 11/
Total.
8/15/64
41,746
5%
Note
8/1 5/64-B
10/15/59
1,198
3-3/4%
Note
8/1 5/64-E
8/1/61
2,910
Total.
4,109
8/31/64
3.575%
Bill
8/31/64
9/3/63
1,001
9/30/64
3.586%
Bill
9/30/64
10/1/63
1,001
10/1/64
1-1/2%
Note
10/1/64-EO
10/1/59
490
10/31/64
3.633%
Bill
10/31/64
11/4/63
1,000
4-7/8%
Note
11/15/64-C
2/15/60
3,267
3-3/4%
Note
11/15/64-F
8/15/63
5,U1
11/15/64
Total.
11/30/64
3.590%
8,708
Bill
11/30/64
12/3/63
1,005
Turned
in for
cash 2/
.
December 1964
.
57
PUBLIC DEBT OPERATIONS
FootnotsF to Table 7
were permitted to exchange theii holdings on wovemuer 15, 1959, for
the 4.-7/8% notes.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
I960 (see Table A, footnote 11).
Advance refunding offering.
Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities.
For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the securities surrendered in exchange
will be taken into account upon the disoosition or redemption of the
new securities.
See also Table 5.
Holders of 2-1/2% Treasury bonds maturing November 15, 19bl, were
offered the option to exchange the bonds during the period from
June 8, I960, to June 13, 1960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3.5
billion for the notes and $1.5 billion for the bonds.
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8% certificates or
the 3-7/8% bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-3/4% Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 32 and 34).
Reopening of an earlier issue.
Holders of 2-1/2% Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, I960 to
September 20, I960, inclusive, the first for 3-1/2% bonds of 1980,
the second for 3-1/2% bonds of 1990, and the other two for 3-1/2%
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of 84.5 billion.
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4%
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8% certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40).
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, 2-5/8% 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% 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.
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
For detail of offering, see Table 4.
offering of 3-1/4% notes.
Excess of maturing 4-3/8% certificates and 3-5/8% notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2% certificates, the $1,500 million offering of
4% bonds, or the $750 million offering of 4-1/4% bonds. For detail
of offering, see Table 4.
Excess of maturing 4% notes and 3-1/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2% certificates, 2-5/8% notes,
3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes,
4% notes) were granted the option of exchanging their holdings.
2^
27/
2S/
29/
22/
21/
22/
22/
2A/
IV
p
Note:
-
(Continued)
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
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).
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
For detail of offering, see
$7,600 million offering of 3-7/8% notes.
Table 4.
certificates
and
4-7/8% notes over allotExcess of maturing 3-1/8%
ments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 81).
From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-;/8% bonds),
and May 15, 1965 (4-5/8% notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limitation.
For allotment details see Table 4, footnote 83.
Holders of the maturing notes were not offered preemptive rights to exchange their holdings, but were permitted to present them in payment
or exchange, in whole or in part, for the 3-7/8% notes offered in the
amount of about $4.0 billion. For detail of offering, see Table 4.
Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table
4
footnotes 90 and 91)
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 4% notes offered in the
amount of about $9 1/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-7/8J notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4 footnotes 93 and 94)
Preliminary.
Information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
58
December 1964
59
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
61
December 1964
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securitiep (Nonmarketablel
Issued to Official Inetitutlonp of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Month of
activity
Issue
date
Security
Maturity
date
Interest
rate
(Pe
Issued
12/9/64
12/16/64
3.55
3.55
30
30
Bonds
9/16/64
9/16/64
9/16/64
9/16/64
9/16/64
9/16/64
9/16/64
11/1/65
11/1/66
11/1/67
11/1/68
11/1/69
11/1/70
11/1/71
4.00
4.125
4.25
4.25
4.25
4.25
4.25
30
30
30
30
30
30
24
Certificates of indebtedness
9/21/64
12/21/64
{
Sept.
3.55
Notes
1/21/63
1/21/68
Certificates of indebtedness
7/30/64
10/30/64
3.00
Certificates of indebtedness
10/16/64
10/26/64
7/30/64
1/18/65
1/26/65
10/30/64
3.60
3.25
3.00
'^ 7/31/64
11/2/64
2/2/65
11/4/64
2/4/65
11/10/64
2/10/65
2/19/65
3.00
3.25
3.50
3.60
3.50
3.60
3.25
Certificates of indebtedness
11/2/64
8/3/64
11/4/64
8/10/64
11/10/64
11/20/64
Total outstanding
end of month
(In millions of dollars)
nt)
9/9/6i
9/16/64
Certificates of indebtedness
Retired
2
3.125
30
5
20
20
_
.
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table 9»- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
Month of
activity
Security-
Payable
in
—
Issue
date
Maturity
date
Amount
(Dollar equivalent)
Interest
rate
Issued
1961-Oct.
Certificates of indebtedness
1962-Jan.
Certificates of indebtedness
Feb.
Certificates of indebtedness
Mar.
Certificates of indebtedness
Apr,
Certificates of indebtedness
June.
Certificates of indebtedness
July.
Certificates of Indebtedness
Aug..
Certificates of indebtedness
Sept.
Certificates of indebtedness
Bonds
Certificates of indebtedness
Certificates of indebtedness
Certificates of indebtedness
Bonds
Certificates of indebtedness
Bonds
Bonds
Bonds
Dec.
J Certificates
|_
1963-Jan.
Feb
Bonds
Bonds
of indebtedness
Retired
Total outstanding
end of month
.
I
63
December 1964
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Serlep Securltlep (Nonmarke table)
iFFued to Official Inptltutlonp of Foreign Countrlep - (Continued
Amount
(Dollar equivalent)
Month of
activity
Payable
Security
Issue
date
Maturity
date
Interest
rate
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
3/29/65
6/28/65
9/30/65
A.nM
10/1/65
11/1/65
12/1/65
1/1/66
4/24/64
7/26/65
4.04
4.05
4.06
4.07
50
50
50
50
3.13
3.93
50
5/25/6i
5/25/64
9/27/65
8/25/65
2.82
3.84
3.37
30
70
Swiss francs
i/1/63
7/1/64
7/1/64
10/1/65
2.82
3.81
German marks
7/1/64
7/1/64
7/1/64
1/24/63
7/24/64
2/1/66
3/1/66
4/1/66
7/24/64
5/2/66
3.83
3.84
3.85
3.13
3.77
50
50
50
Swiss francs
8/4/64
9/7/65
3.67
52
Swiss francs
4/4/63
9/4/64
9/4/64
2/4/66
2.83
3.87
23
25
Italian lire
Bonds
1964-April..
i/1/64
A/l/U
German marks
May.
U\/bL.
1/2A/63
vmi
Swiss francs
.
July..,
Bonds
Aug
Sept.
.
Oct...
,
30
832
22
983
50
50
1,035
23
10/26/64
4/26/66
3.23
3.90
Certificates of indebtedness
Swiss francs
10/31/63
10/30/64
3.54
Bonds
Swiss francs
10/30/64
12/31/65
3.87
30
Bonds
German marks
10/30/64
6/1/66
3.90
50
2/14/63
11/16/64
11/16/64
7/1/66
3.09
3.93
50
5/16/63
11/16/64
11/16/64
5/16/66
2.82
3.92
30
.
1,086
.
1,086
50
Bonds
Daily Treasury statement.
1,035
25
4/26/63
10/26/64
{
762
\.
50
Austrian
schillings
Swiss francs
Source:
50
Bonds
German marks
Nov.
25
75
3/29/63
6/28/63
9/30/63
3.27
3.30
3.69
23
23
Information in this table covers transactions from inception through November 30, 1964.
64
Treasury Bulletin
.UNTTED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
1,
and Series H has been on sale since June 1, 1952.
A-D were sold from March
1,
1935, through April 30,
Series F and G were sold from May
1,
19'^1.
19'^1|
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
1941.
Treasury Bulletins of April 1951, May 1952, May 1957, October and December 1959, and May and October I96I.
through April
Table 1.- Sales and Redemptions by Series, Cumulative through
(in millions of dollars)
November 30, 1964
..
.
.
December 1964
65
.UNTIED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Series E and H combined
Fiscal years :
1941-1956.
1957
1958
1959
i960
1961
1962
1963
1964
Calendar years
1941-1956
1957
1958
1959
I960
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
10,298
1,133
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
471
413
400
142
115
121
378
368
384
115
116
136
387
364
358
144
113
125
367
34s
114
114
1,161
1,174
1,194
1,254
1,331
1,386
1,458
:
1961
1962
1963
Months:
1964-January.
February.
March. . .
April.
May
June
.
.
July
August,
September
.
October,
November.
.
94,761
Sales
price
X'^
Amount outstanding
1y'
Accrued
discount
^
Interest-bearing
debt
Matured
noninterestbearing debt
Treasury Bulletin
66
.UNITED
SryffiES
SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
67
December 1964
.UNITED STATES SAVINGS BONDS.
.... .
,
68
Treasury Bulletin
-. OWNERSHIP OF
FEDERAi SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in millions of dollars)
Interest-bearing securities
by the U.S. Government
End of
fiscal
year or
month
Total
Federal
securities outstanding
1/
Held by U, S, Government
investment accounts 2/
Total
outstanding
Interest-bearing securities guaranteed by the U.S. Government /J
eld by private
nvestors 3/
Held by
Federal
Reserve
Public
issues
Special
issues
Public
marketable
issues
Banks public
issues
55,501
55,842
54,554
55,259
8,674
9,596
9,799
10,360
46,827
46,246
44,756
44,899
23,035
25,438
26,044
26,523
189,949
193,418
201 ,044
286, i71
268,486
274,698
281,833
283,241
1962
1963
196i
289,211
^98,645
306,466
312,526
285,672
294,442
301,954
307,357
56,002
56,296
58,206
10,959
11,357
13,405
60,964
U,337
45,043
44,939
44,801
46,627
1963-Dec ember,
310,089
305,213
57,796
14,137
1964 -January.
February.
March. . .
309,339
311,150
310,408
304,499
306,132
305,405
56,361
57,269
57,450
14,444
14,385
14,229
June
308,402
312,337
312,526
303,385
307,214
307,357
55,934
59,197
60,964
July
August. .
September
312,004
314,938
316,496
306,855
309,625
311,122
October.
November.
316,456
319,320
311,217
314,023
1957
1958
1959
1960
270, 63^.
276,
1961
Ui
284,817
April.
, .
May
Held by
Public
nonmarketable
issues
Total
outstanding
201 ,459
127,179
134,593
144,983
149,546
62,770
58,825
56,252
51,913
27,253
29,663
32,027
34,794
202,417
208,483
211,721
211,598
151,392
157,418
160,361
159,575
51,025
51,065
51,360
52,023
240
43,658
33,593
213,825
162,089
41,917
42,883
43,221
32,753
33,169
33,770
215,384
215,695
214,185
163,631
163,893
162,449
51 ,736
13,930
14,162
14,337
42,004
45,034
46,627
33,169
34,229
34,794
214,282
213,788
211,598
162,476
161,836
159,575
51,806
51,952
52,023
59,755
61,643
61,663
14,018
14,201
14,296
45,737
47,441
47,367
35,051
35,164
35,350
212,049
212,819
214,109
159,924
160,544
161,550
52,125
52,274
52,558
60,355
60,996
U,098
46,257
46,664
35,709
36,774
215,153
216,253
162,527
163,52?
52,627
52,730
14,332
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
2/ Includes certain debt not subject to statutory limitation. For amounts
subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government agencies
whose investments are handled outside the Treasury.
3/
4/
U. S.
Government
investment
accounts
2/
106
50
54
63
79
101
110
139
Held by
private
investors
3/
46
47
60
Matured
debt
and
debt
bearing
no
interest
2,042
1,646
2,873
3,090
605
812
87
167
165
159
277
440
653
3,300
3,759
3,907
4,357
51,735
741
184
557
4,134
51,753
51,801
755
787
817
189
192
192
566
595
625
4,085
4,231
801
171
804
812
157
159
630
647
653
4,216
4,319
4,357
820
164
847
885
161
172
656
687
713
4,330
4,465
4,488
820
162
833
171
657
662
4,419
4,464
4U
153
4,186
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury 1/
(In millions of dollars;
Jan.
1940
1941,
1942,
1943,
19U,
1945,
1946.
1947,
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
Feb.
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
.1
Apr.
-5.7
5.8
.3
.4
-72.9
-11.5
-5.9
-16.5
-55.6
-4.7
3.3
-61.3
106.8
23.0
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
1956,
1957.
1958.
1959.
I960,
1961,
1962,
-1.3
14.3
-123.4
14.1
17.5
-5.6
76.9
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
10.7
13.4
10.6
62.2
43.1
1963.
1964,
80.7
148.7
142.1
101.1
2^3.5
111.3
-6.6
36.8
22.1
24.6
7.0
-1.6
-.7
5.1
6.3
482.7
.5
12.9
-22.4
i.-^.g
56.1
18.9
negative figures are net sales)
June
May
July
.4
.9
-.2
.4
.3
-35.2
-10.0
-34.4
-145.8
20.5
-56.4
-69.8
-359.2
.4
-338.6
-12.1
1.5
1.1
8.4
19.9
36.2
-2.9
29.9
-30.4
-54.7
-1.9
46.7
35.4
-2.1
5.7
11.
2.
35.
2.
56.
1.1
-88.4
5.1
3.5
7.2
4.6
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
-.2
-.1
7.0
29.0
8.2
71.6
105.5
57.3
-25.4
21.3
33.3
43.7
113.1
39.7
27.8
19.5
345.7
126.2
436.7
33.8
373.1
169.8
73.9
141.0
.1
-1.7
5.8
8.4
16.5
17.0
7.9
33.5
223.4
656.2
155.8
-20.3
696.4
83.9
-67.3
55.1
-59.0
28.7
39.9
32.3
-57.6
221.0
.3
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
26.4
19.1
18.3
44.4
17.3
-304.4
53.1
-123.0
-14.1
-30.7
8.4
10.3
10.6
28.3
3.4
25.1
325.5
21.8
24.2
4.8
-12.0
5.0
2.8
3.5
38.4
-10.0
11.8
49.2
182.4
445.5
32.2
35.5
25.6
61.9
16.4
19.5
18.2
1/ Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U. S. Government for (1) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U. S., (2) accounts under the control of certain U. S, Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
4.4
3.8
-2.0
4.7
1.9
1.4
7.9
-21.7
74.8
U.O
U.6
5.4
-.1
8.2
9.4
-5.0
-5.9
1.0
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
.4
-1.1
60.0
-4.4
-.2
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-17.2
20.3
-.3
-.3
-2.3
-67.8
-18.5
-17.0
-157.8
-609.1
.2
Nov.
Sept.
1.5
20.1
-45.5
22.5
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
313.4
-86.3
Aug.
21.1
.6
41.0
234.8
100.1
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
This table excludes (1) all investment transactions for the Exchange
Stabilization Fund; and (2) all purchases by subscription on
original issue and all securities which are redeemed upon matxirity.
Less than $50,000.
I
I
I
a
.. ..
.
,.
,
.
.
.
,
i
«
December 1964
69
.OWNERSHIP OF FEDERAX SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
i.Par
values
1,/
in billions of dollarsj
Held by banks
Total
Federal
securities
End of
month
outstanding 2/
1939- Dec...
Held by private nonbank investors
U.
Commercial
banks
Federal
Reserve
Banks
2/
S.
Individuals 4/
Government investment
accounts
Savings bonds
Total
Series
E and H
Other
series
22.7
15.9
2,5
50,9
16.1
17.3
2,5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
55.3
64.3
19.7
21,4
2.2
2.3
8.5
9,5
25,0
31.0
11.2
13,6
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
19i3- June.
Dec...
140.8
170.1
52.2
59,9
7.2
11.5
14.3
16.9
67,0
81,7
1944- June
202.6
232.1
68,4
77,7
14.9
18.3
19.1
21.7
1945- Joine.
Dec...
259.1
273.7
84.2
90.8
21.8
24.3
1946- Feb. 9/
279.8
269.9
259.5
93.8
84,4
258.4
257,0
1948- J\ine.
Dec...
1949- June
V
other Insurance
secu- companies
rities
Mutual
savings
banks
State
and
Corporalocal
tions 0/
govern-
ments
Foreign
and inter-
national
2/
1,9
8,2
3.1
2,2
2,6
2,8
7,5
7.8
6.5
6.9
3,1
3.2
2.1
.2
3.4
1.1
4,2
7.6
8.2
7.1
8.2
3.4
3,7
2.0
4,0
3,7
6,9
5.4
6,5
8.7
10.3
9.2
11.3
3.9
4,5
4.9
10.1
1,0
,4
.8
30.9
37.6
11,3
16,0
7,9
3.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2,1
1,3
1,5
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
24.9
27.0
128,2
136,6
59,1
64,1
29.1
30,7
11.6
12.2
13,5
21.2
22.7
24.0
9.6
10.7
23,3
22,2
5.3
6.5
2.0
2.4
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
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
14.3
7.3
7.9
2.6
2.8
252,8
257,2
63.0
66.8
19,3
18,9
38.3
39.4
132.2
132.1
66,6
66,3
33,1
33.8
15.7
15.5
17.3
17.0
20.5
20.1
11,6
11,4
15.8
16.8
8.0
8.1
2.9
2.9
257,4
256,7
65.6
61,8
18,3
20,3
37.8
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
1951- June.
Dec...
255,3
259,5
58,4
61.6
23,0
23,3
41, C
42,3
132.9
131.3
65,4
64,6
34,5
34.7
14.6
14,4
16.3
15,5
17,1
16,5
10.2
9.8
20.1
20.7
9.4
9,6
1952- June
Dec...
259,2
267,4
61.1
63,4
22,9
24,7
44.3
45.9
130.8
133.4
64,8
65,2
34.9
35.3
14.1
15,7
16.0
15.7
16.0
9.6
9,5
18.8
19.9
10,4
11,1
4.7
13,8
1953- June.
266,1
275,2
58,8
63,7
24,7
25.9
47.6
48.3
135,0
137,3
66,1
64,3
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
1955- June,
Dec...
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
3.7
3.5
18.8
23.5
14.7
15.4
6.8
7.5
1956- June,
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
3.0
17.7
19.1
16.1
16.3
7.9
7.8
Dec,
270.6
275.6
5d.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
1958- June,
Dec, .,
276,4
283,0
65.3
67.5
25,4
26,3
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
18.3
16.3
16.5
6.5
7.7
1959- June.
284,8
290.9
61.5
60.3
26,0
26,6
54.6
53,7
142,6
150.3
65.3
68.0
2,o
4.5
42.4
3.5
18.3
22.1
12.6
12.5
7.3
6,9
20.8
22.3
16.9
18.0
10.1
12.0
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
6,6
6,3
21.2
20.1
18.8
18.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28,9
56.1
54,5
143,3
145.9
63.1
64.7
43,6
U,2
2.5
2.2
17.1
18.2
11.4
11.4
6.3
6.1
20.0
20.0
19.3
13,7
12.7
13.4
298.6
304.0
65.2
67,2
29.7
30,8
56.5
55.6
147.3
150.4
44,6
45,1
2.0
1.3
18.0
18.2
11.3
11.5
6.3
6.1
19.7
20.2
64,4
63.3
61.7
63.0
63.1
62.7
64.1
32,0
32.5
32.4
32.6
32,8
33,7
33,6
58.4
57.1
58.9
58.3
57.2
57.7
58.0
151.7
152.7
154.2
153.5
154.1
154.8
154.4
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.5
1.5
1,5
1,4
1.4
1.4
1.4
17.9
18.3
18.3
13.7
18.8
18.9
18.9
10.8
10.9
10.9
6.1
6.1
6.1
6.0
5.8
5.8
5.8
20.3
20.6
19,7
19,5
20,7
20,9
21.2
20,9
20,7
20,3
20.8
14.1
15.3
306.5
305.5
307.2
307.3
307.1
303.9
310.1
64.6
65.1
65.4
65.9
66.0
66.4
66.6
66.9
66.9
309.3
311.1
310.4
308.4
?12.3
312,5
312,0
314.9
316.5
316.5
62,6
61,9
61.2
60.6
59,5
59.7
58.3
59.4
61.2
61.5
32,8
33.2
33.8
33.2
34.2
34.8
35.1
35,2
35.4
35,7
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157.4
158.6
157.8
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47,6
47,7
1.3
1.3
1.3
19.4
19,7
20,1
5.9
6.0
21..;
,2
19.4
19.7
19.7
11,1
11,0
10,9
10.8
10.8
10.6
10.7
10.8
10.9
10.9
19iO- June.
Dec.
4i^.5
.
19il--June
Dec.
19i2- June
.
Dec.
June ,
Dec...
1947- June
Dec.
.
.
Dec.
1950- June
Dec.
.
Dec
..
1954- June.
Dec.
De.3..,
1957- June.
Dec.
1960- June .
Dec
1961- June
..
.
Dec...
1962- 'June.
Dec,
1963- June,
July,.
Aug,,,
Sept,,
Oct.,.
Nov.
.
lee
.
1964- Jan,
Feb,,,
Mar, ,
Apr, ,
May.,.
June .
July.
Aug.
Sept.
Oct. p
.
61.8
61.8
60.5
158.5
159,2
156,9
158.3
158,5
158.2
158.8
67.5
68.0
68.4
67.7
68.1
68.2
68.5
68,0
68.2
68.3
'
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/ Coisists 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.
19.9
19.4
19.5
19.6
^
^
G/
7/
s/
2/
11.
11.0
11,0
11,0
6.1
6.0
6.0
6.0
r.O
6,0
6,0
2.0
21.
19,7
20,4
21,6
20,
22,7
21.4
21.8
22.5
20.2
20,7
20,9
19.8
20.7
,4
.5
.2
.2
.2
.4
.9
21.0
21.4
21.9
22.6
22.7
22,6
22,3
22.6
22.3
22.2
5,3
15.8
15.6
15,9
16,0
15.9
16,0
15.9
15.9
15.9
15.6
15.3
15.4
15.6
15.8
16.0
16.3
16.5
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance con^sanies.
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.
Preliminary,
Immediate postwar debt peak.
p
Treasury Bulletin
70
.TEE/.SDEY SUKTEY OF CWNERSHIP, OCTOBER 31, 196^.
The monthly T.-easury Survey of Ownership covers secu-
corporations and savings and loan associations In the Sep-
United States Government and by Fed-
tember i960 Bulletin, and for State and local governments
rities Issued by
eral agencies.
l'n&
T:ii
banks and Insurance companies Included
In the SuiTrey currently account for about 90 percent of all
such securities held by these Institutions.
The similar
proportion for corporations and for savings and loan associations Is 50 percent, and for State and local governments,
70 percent. Data were first published for banks and In-
surance companies In the May
Section
I
ig^J-l
Treasury Bulletin, for
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31'
Holdings by corpo-
rate pension trust funds are published quarterly, first
appearing in the March 13^^ Bulletin.
...
December 1964
71
.TEE/SUKY SinWEY OF OWNERSHIP, OCTOBER 31,
196'V,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments 4/
Insurance companies
Total
amount
outstanding
Treasury bills;
Regular weekly and annual
maturing:
Nov.
196i - Jan. 1965.
Feb.
1965 - Apr. 1965.
May
1965
June 1965.
July 1965.
1965.
Aug.
Sept. 1965.
Tax anticipation:
Mar.
1965
Total Treasury bills.
Treasury
i-7/3%
3-3/4
4-5/8
3-7/8
3-7/8
A
3-1/2
3-7/3
3-5/8
A
3-5/8
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
Nov.
May
May
Aug.
Nov.
Nov.
Feb.
Feb.
Aug.
Feb.
Aug.
Apr.
Oct.
Apr,
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1964-C.
1964-F..
196 5-A.
196;-C..
1965-D.
1965-E..
1965-B..
1966- C.
1966-B..
1966-A..
1967-B..
1967-A..
1965-EA.
1965-EO.
1966-EA.
1966-EO.
1967-EA.
1967-EO.
1968-EA.
1968-EO.
1969-EA.
1969-EO
Total Treasury notes.
Treasury bonds:
2-1/2$
June
2-1/2
Dec.
2-1/2
June
2-1/2
Dec.
2-5/8
Feb.
2-1/2
Mar.
2-1/2
Mar.
3-3/4
May
Aug.
3
3-3/8
Nov.
2-1/2
June
2-1/2
Sept.
Nov.
3-5/8
2-1/2
Dec.
3-7/8
May
3-3/4
Aug.
3-7/8
Nov,
Feb.
4
Oct.
4
Aug.
4
Aug.
4
3-7/8
Nov.
Feb.
4
Aug.
4
Aug.
4
4-1/8
Nov.
4-1/4
May
3-7/8
Nov.
4-1/4
May
3-1/4
June
1962-67.
1963-68.
1964-69.
1964-69.
1965....
1965-70.
1966-71
1966
1966
1966
1967-72,
1967-72.
1967
1967-72.
1968
1968
1968
1969....
1969
1970
1971
1971
1972
1972
1973
1973
1974
1974
1975-85.
1973-83,
?J,439
15,021
1,000
1,001
1,000
1,000
1,001
6,020
commercial
banks
2/ 2/
4,202
1,103
V'2
155
497
3'"^
502
mutual
savings
banks
2/
106
243
53
96
13
1
3
14
1
5
20
1
423
54,96.'.
9, -.62
333
2t7
441
816
620
268
3(^0
495
1,317
45
18
113
38
l,i'04
43
of.L
25
27
65
25
131
17
70
'.4
040
580
1,4..;.
i
,
145
261
1,45.'
156
1,996
1,142
2,449
195
146
359
433
466
315
675
357
270
457
212
115
61
151
77
12
1
11
8
1
322
?30
141
242
49
92
49
2
2
3
3
2
3
3
,941
133
113
136
86
107
150
106
935
pension
and retirement
funds
153
76
1
42
85
43
46
4,347
230
9
24
45
113
13
80
16
5
94
2^
52
11
84
22
28
19
23
147
234
32
214
273
125
32
24
107
308
102
200
145
137
123
112
91
98
U
35
21
125
63
66
168
87
184
72
83
145
69
38
37
298
2,249
1,566
20
53
17
9
42
123
136
79
738
41
31
39
13
26
49
10
1
2,266
1,326
12
14
(5
40
62
19
87
191
316
general
funds
397
261
197
469
corporations
5,564
29
2,504
'3
487 fire,
casualty,
and
marine
199
72
4
13
5
297
life
483
savings
and loan
associations
13
17
9
2m
23
51
I_
58,107
l''.,378
1,434
1,313
2,627
2,538
3,976
2,414
1,402
2,249
1,024
1,851
1,294
1,952
3,604
2,725
2,460
3,747
1,591
1,844
6,2(5
4,129
2,806
2,760
2,344
2,579
3,894
4,357
1,532
2,244
1,218
694
659
840
812
1,582
471
254
980
638
777
176
971
1,164
299
692
1,853
784
743
2,296
1,505
921
1,017
830
694
1,147
2,048
465
313
1,'.86
52
32
no
98
800
101
141
175
95
195
162
86
46
26
75
34
5
78
193
40
59
161
7
111
62
19
11
23
55
3
50
51
108
110
7
1
4
43
18
37
52
126
64
15
119
39
48
M
271
175
115
115
140
155
241
314
152
76
73
19
4
52
141
120
86
98
73
44
15
23
30
24
126
152
21
96
37
83
93
65
191
232
64
127
21
!:>
31
87
59
61
18
31
25
93
92
66
47
11
59
36
21
35
52
77
19
30
52
68
109
79
44
13
145
5
50
40
14
51
152
38
68
127
109
90
163
114
124
153
169
28
27
5
3
3
13
55
33
lU
21
14
6
101
183
76
70
97
33
56
35
3
13
22
152
43
4''
38
7
82
115
48
15
7
13
10
6
24
80
156
154
40
11
51
59
36
170
28
51
59
10 3
112
12"
17
38
67
233
424
Government investment accounts
and Federal
Reserve Banks
U.
S.
4,244
Held by
all
other
investors
^
Treasury Bulletin
..
,
.
.
..
.
December 1964
73
.TEE/.SURY
Section II
-
SUWEY OF CWNERSHIP, OCTOBER
31, 1964.
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 10/
Issue
Banks for cooperatives:
3.90^ Deo.
196i (Debentures).
Feb.
3.90
1965 (Debentures).
Apr.
1965 (Debentures).
U
Total banks for cooperatives.
Federal home loan banks: 11/
3-7/8iC Nov
1964 (Nntes).
Jan
4.. 05
1965 (Notes).
Feb.
^.15
1965 (Notes).
Apr.
4.10
1965 (Notes).
4-1/8 May
1965 (Notes).
June 1965 (Nntes).
4
July 1965 (Notes).
3.95
Aug.
4.05
1965 (Notes).
Sept. 1965
(Notes).
4.05
3-3/4 Sept, 1965 (Bonds).
4-1/8 Mar. 1966 (Bonds).
4-1/8 Aug. 1966 (Bonds).
4-1/4 Nov. 1966 (Bonds).
Insurance companies
6,020
commercial
banks
mutual
savings
banks
2/1/
2/
State and local
government ^/
502
159
232
185
61
69
576
194
26
297
life
487 fire,
casualty,
and
marine
savings
and loan
associations
4
14
469
corporations
15
11
54
27
12
57
119
90
10
16
24
24
525
250
146
26
11
11
63
7
2
446
552
172
175
260
126
163
46
49
34
41
11
3
55
2?
27
7
10
13
19
16
1
4-'.
?0
15
8
9
16
n
13
14
16
15
4
14
175
249
20
10
13
20
4'
13
54
50
53
55
73
20
15
12
21
7
10
8
15
10
11
20
Total Federal home loan banks...
4, I'M.
1,063
299
116
184
412
129
Federal intermediate credit banks:
( Debentures)
2,352
632
124
57
17
240
123
209
159
160
140
150
56
57
35
11
8
11
9
16
4
15
6
3
3
2
4
3
4
3
4
11
Federal land banks: 12 /
(Bonds)
4-1/4^ Apr. 1965
Aug.
(Bonds)
1965
4
Oct.
(Bonds).
1965
4
Dec.
(Bonds)
1965
4
3-5/8 Feb. 1966
(Bonds)
3-1/4 May
(Bonds)
1966
(Bonds).
4-1/4 July 1966
4-1/8 Feb. 1967-72 (Bonds).
May
(Bonds).
1967
4
4-1/8 Oct. 1967
(Bonds)
4-1/2 Oct. 1967-70 ( Bonds)
(Bonds)
4-1/4 Mar. 1968
June 1968
(Bonds)
4
(Bonds),
4-1/4 Aug. 1968
(Bonds)
4-3/8 Mar. 1969
4-5/8 July 1969
(Bonds).
(Bonds)
4-1/4 Oct. 1969
5-1/8 Feb.
(Bonds)
1970
3-1/2 Apr.
1970
(Bonds)
5-1/8 July 1970
(Bonds).
3-1/2 May
(Bonds)
1971
3-7/8 Sept. 1972
(Bonds).
4-1/8 Feb. 1973-78 ( Bonds)
4-1/2 Feb. 1974
(Bonds)
108
193
72
180
174
75
111
Total Federal land banks.
22
22
37
2
6
7
9
1
«
4
4
4
16
49
10
17
6
2
4
3
1
5
4
11
27
136
53
160
130
60
209
82
83
85
60
109
148
155
28
6
4
24
4
2
42
4
44
S. Government investment accounts
and Federal
Reserve Banks
U.
1
64
33
50_
pension
316
general and retirement
funds
funds
17
435
430
200
275
191
1
3
6
5
8
4
4
5
12
2
2
1
1
4
1
67
36
11
4
2
3
3
1
3
14
12
7
7
2
4
2
11
2
3
2
3
3
2
2
4
16
14
15
10
5
2
5
3
7
5
3,169
5
6
11
14
9
10
23
^7
123
121
25
7
77
Federal National Mortgage
Association
Discount notes.
3-7/8% Dec. 1964
4-3/8 June 1965
3-3/4 Mar. 1966
4-1/8 Dec. 1966
3-5/8 Mar. 1968
4-3/3 Apr. 1969
4-5/8 Apr.
1970
4-1/8 Sept. 1970
4-1/8 Aug. 1971
4-1/2 Sept. 1971
5-1/8 Feb.
1972
4-3/8 June 1972
4-1/4 June 1973
4-1/2 Feb. 1977
:
(
(
(
(
(
(
(
(
(
(
(
(
(
(
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
Debentures)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Total Federal National Mortgage
Association
Tennessee Valley Authority
Short-term notes
4.40% Nov. 1985 (Bonds).
4-5/8 July 1986 (Bonds).
4-1/2 Feb. 1987 (Bonds).
153
111
98
108
93
87
88
143
119
63
96
100
100
146
198
1,707
1
3
23
4
13
36
15
16
4
4
14
4
5
2
1
3
5
151
4
4
14
4
2
1
^f
3
1
1
5
1
4
10
5
9
17
1
5
6
2
11
2
7
«
3
2
5
1
1
2
2
o
1
3
5
3
3
6
1
3
•1
1
9
13
11
1
3
1
3
8
10
4
10
12
25
112
22
56
49
115
83
13
9
87
1,032
:
Total Tennessee Valley Authority.
Footnotes on preceding page.
28
35
26
24
27
50
50
45
11
15
23
10
75
Treasury Bulletin
74
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30,
Current market quotations shown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury.
Outstanding Issues which are guaranteed by the United
States Oovernment are excluded.
Table 1.- Treasury Bills
Amount out
196^;
December 1964
75
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30,
196/i
Treasury Bulletin
76
MARKET QUOTATIONS ON TREASURY SECURITIES, OCTOBER 30, 1964.
o
UJ
o
o
o
^1=
o
O
(M
O
00
December 1964
11
AVERAGE YIELDS OF LONGwTERM BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Period
78
Treasury Bulletin
AVERAGE YIELDS OF LONG-TEEM BONDS
z
UJ
o
LJ
a
z
o
CO
UJ
q:
o
a.
a:
o
o
<
Q^ CO
H
>.
Q^
§
I
o
z
3
o
en
o
li.
_i
lij
UJ
q:
UJ
CM
00
to
Q
lO
,. .
,
,
December 1964
79
.MONETARY STATISTICS.
Table 1.- Money In Circulation
[In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
30 , 229
Total
paper
money
Gold
certificates
Silver
certificates
Treasiiry
notes of
1890
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26, 342
27,029
163
147
133
120
110
67
64
62
29,726
29,943
31,117
32,592
34,529
30
30
29
20
19
2,127
2,094
2,009
1,847
1,723
318
318
318
319
100
56
54
321
27,094
27,353
28,622
30,292
32,356
37,692
34,662
20
1,877
321
32,331
1964- January.
February.
March. .
36,247
36,312
36,799
33,226
33,268
33,694
20
20
20
1,737
1,718
1,730
306
312
320
31,051
31,107
31,513
April
May
June
36,885
37,208
37,734
33,746
34,039
34,529
19
19
19
1,714
1,718
1,723
322
321
321
July
August,
September
37,835
38,014
38,166
34,612
34,765
34,881
19
19
19
1,659
1,625
1,573
October,
38,373 2/
35,051
19 A/
1,460
34
9U
28,372
28,767
29,040
29,071
29,699
1964
32,065
32,405
33,770
35,470
37,734
1963- December.
1955
1956
1957
1958
1959
30,715
31,082
31,172
31,
I960
1961
1962
1963
.
.
,
End of fiscal
year or month
33
y
59
57
92
85
53
78
73
37
36
76
37
75
75
74
37
37
36
31,580
31,869
32,356
74
74
73
36
36
36
319
321
320
32,506
32,690
32,860
73
73
72
36
36
36
317
33,147 6/
72
36
Money in
circulation
per capita
(in dollars) 7/
Total
coin
Standard
silver
dollars
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
453
474
487
514
I960
1961
1962
1963
1964
2,338
2,462
2,652
2,878
3,205
305
329
360
411
482
1,484
1,548
1,663
1,790
1,987
585
629
676
736
177.47
176.45
180.98
187.40
196.46
1963-December,
3,030
452
1,872
706
197.54
1964- January ,
February.
March,
3,021
3,044
3,105
455
459
481
1,859
1,871
1,905
708
713
719
189.76
189.89
192,23
3,139
3,169
3,205
482
482
482
1,933
1,958
1,987
724
730
736
192.47
193.94
196.46
July
August, ,
September
3,223
3,249
3,285
482
482
482
2,000
2,021
2,048
741
747
755
196.74
197.42
197.95
October,
3,321
482
2,077
763
198.77
April,
May
June
,
,
,
.
,
Source:
Crrculation Statement of United States Money,
1/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents,
2/ 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 the 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
Subsidiary
silver
2/
j4/
y
6/
2/
•
Minor
coin
549
1?2,90
182,64
181.52
179.08
180.20
notes, and national bank notes all issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890,
Accordingly, the Secretary of the Treasury has determined
that the following paper currencies have been destroyed or irretrievaOn October
bly lost and so will never be presented for redemption:
20, 1961, tl 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 $18 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 I960, Hawaii.
Less than $500,000,
,
...
..
.
,
80
Treasury Bulletin
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Silver
($1.29+ per
fine ounce)
Gold
{t35 per
fine ounce)
End of fiscal
year or month
Ratio of silver to
gi)ld and silver in
monetary stocks
( in
percent)
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6 1/
19,322.2
17,550.2
16,435.2
15,733.3
15,461.4
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
4,220.7
15.3
15.5
15.4
1963- December.
15,513.0
4,265.7
21.6
1964- January.
February,
March,
15,512.0
15,461.7
15,460.7
4,258.6
4,255.8
4,250.2
21.5
21.6
21.6
May
June
15,462.1
15,462.6
15,461.4
4,239.0
4,234.3
4,220.7
21.5
21.5
21.4
July
August. .
September
15,461.9
15,460.4
15,463.1
4,214.1
4,207.3
4,179.2
21.4
21.4
October.
15,461.5
4,121.7
21.1
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
April.
,
,
.
.
Source:
Circulation Statement of United States Money.
silver monetary stock see Table 4.
For detail of
1/
See Table 3, footnote
16.8
18.3
18.5
19.9
20.8
21.5
21.4
21.3
3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities;
Gold certificates,
etc. 2/
Balance of gold in
Treasurer' s account
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 3/
17,766.6
16,839.0
15,978.1
15,513.0
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
491.2
491.2
15,512.0
15,461.7
15,460.7
15,386.6
15,184.8
15,190.1
125.
276.
270.
15,462.1
15,462.6
15,461.4
15,350.9
15,332.0
15,341.5
111.
130.
July
August. .
September
15,461.9
15,460.4
15,463.1
15,344.3
15,347.9
15,345.8
117.6
112.5
117.2
October.
15,461.5
15,340.9
120.6
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964- January.
February.
March. .
.
April.
May
June
. .
Source:
Circulation Statement of United States Money.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
1/
508.1
396.1
105.4
101.0
117.8
126.0
120.1
119,
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Administrative Budget Receipts and Expenditures,"
Table 3, footnote 13).
.
.
,
December 1964
81
,
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Silver outside
Treasury
In Treasurer' s account
Securing silver certificates!/
Silver
dollars 1/
Subsidiary
coin 2/
Total
silver
at $1.29+
per fine
ounce
Silver
dollars
Subsidiary
coin ^/
Silver
bullion
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
15.7
2.3
8.2
1962
1963
2,194.4
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
1,981.5
3.2
2.6
3.6
3.4
3.7
17.9
63.0
92.3
148.3
127.4
88.2
24.2
29.7
18.0
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
456.3
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
1,887.2
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4,375.6
4,308.6
4,318.2
4,265.7
1964- January.
February.
March. .
1,970.5
1,948.3
1,923.9
27.8
24.3
14.6
15.6
17.0
14.7
19.6
19.2
457.0
460.5
481.8
1,889.7
1,904.2
1,923.4
4,258.6
4,255.8
4,250.2
1,894.1
1,371.6
1,846.8
2.9
2.9
2.9
12.8
13.7
17.6
14.9
11.6
481.8
431.8
481.8
1,949.2
1,970.3
1,995.6
4,239.0
4,234.3
4,220.7
July
August.
September
1,819.1
1,788.0
1,734.4
2.9
2.9
2.9
5.8
7.4
11.3
19.0
19.2
18.9
481.8
481.8
481.8
2,008.5
2,032.6
2,056.4
4,214.1
4,207.3
4,179.2
October.
1,648.9
2.9
9.6
18.6
481.3
2,088.3
4,121.7
Silver
bullion 2/
1955
1956
1957
1958
1959
I960
1961
.
April
May
June
.
.
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Source;
1/
2/
.
3.0
U.9
3.9
2/
^/
^
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
,. ..
,
.
,
82
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
{
In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings.
Treasury
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
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
1963
15,808
15,513
15,596
212
1963-November
December.
15,780
15,808
15,582
15,513
15,609
15,596
171
212
1964- January
February.
March
April
May
June
15,847
15,865
15,990
15,991
15,946
15,805
15,512
15,462
15,461
15,462
15,463
15,461
15,540
15,518
15,550
15,727
15,693
15,623
307
347
440
264
253
182
15,840
15,890
15,870
15,702
16,324
15,462
15,460
15,463
15,462
15,386
15,629
15,657
15,643
15,606
15,566
233
227
96
758
End of calendar
year or month
19^10
.
,
,
July
August
September.
October.. .
November p.
.
Note:
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) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars.
On November 30, 1964, the net
balance of these three amounts was $691.2 million. Under appropriate
oirouinstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
1/
2/
3/
p
Foreign
currency
holdings 3/
Total 2/
211
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U.S. Government securities; as of November 30, 1964,
this amounted to $800 million. Of this amount, the United States purchased $200 million in 1956, $300 million in 1959, and $300 million in
I960.
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 foreign currencies
Austria
|
Belgium
[
Payable in dollars
Germany
Italy
Switzerland
TDtal
(Dollar equivalent, in millions)
1962
1963
251
730
1963-November.
December.
1964-January.
February.
March. . . .
Italy
Sweden
(In millions of dollars)
50
30
275
200
200
705
730
25
30
50
30
275
275
200
200
175
175
163
163
125
125
13
13
25
25
730
730
680
50
50
50
30
30
30
275
275
275
200
200
150
175
175
175
160
160
158
125
125
125
10
10
25
25
25
732
802
802
50
50
50
30
30
30
477
477
477
175
245 1/
245 1/
158
158
152
125
125
125
25
25
25
July
August
September.
953
1,005
1,005
50
50
50
30
30
30
628
628
628
245 1/
297 1/
297 1/
152
152
354
125
125
329 2/
25
25
25
October.
November.
1,086
1,086
50
50
30
30
679
679
327 1/
327 1/
354
354
329 2/
329 2/
25
25
.
April
May
June
.
.
.
.
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-
1/
Canada
Includes the equivalent of $70 million payable in Swiss francs to
2/
51
175
163
125
13
25
the Bank for International Settlements.
Includes $204. million of nomnarketable bonds issued to the Government
of Canada in connection with transactions under the Columbia River
treaty
December 1964
83
.lOTERNATIOML FIMNCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Count rles and International and Regional Organizations
(In millions of dollars at $35 per fine troy oiince; negative fi^jres represent net sales by the United States; positive figures, net purchases)
Area and country
1959
Western Europe:
Austria
Belgium
Denmark
France
Germany
Greece
Italy
fJetherlands
Spaii
1
-15
-35'.T
Total Western Europe
-827
20
-3?
-18
-1
Jan.
Mar.
Sept.
-144
-143
-63
-'5
-173
-}•:'
15
-3i
-47
-146
102
-130
-6
-550
-36
-28
-23
-10
100
-25
-156
-125
-2
-306
-23
-3
-1
2
1
-387
329
74
,718
-754
-1,105
Apr.June
July
-101
-101
-25
Sept.
-32
-456
Canada
-101
-200
-1?
-2
-30
-5
131
-1
109
15
221
163
-1
-399
-139
35
-31
190
Latin American Republics:
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other
Total
July-
-U1
-249
-114
-324
-30
1^63
1961
-1
-83
-39
-15
-266
Switzerland
Turkey
United Kingdom
Bank for International Settlements ....
Other
9bO
1964
1963
Calendar year
-50
-2
-6
-90
-2
85
57
38
-30
-30
72
-1
10
-4
-1
-15
-6
-1
-11
65
-A
-7
-12
-5
4
-100
-109
Latin American Republics
-30
28
32
-4
-11
-16
Asia:
Japan
Other
-157
-;3
-15
Total Asia
-186
-113
-97
Africa:
Total Africa
-101
-93
12
-93
12
-36
-35
-25
Other countries:
Total other countries
Total foreign countries
International and regional organizations
Grand total
1/
-998
-44 172/
1,041
•1
,969
300 2/
-1,669
Includes United States payment of the $344 million increase in its
gold subscription to the International Monetary Fund.
-970
-833
-392
-833
-392
-15
95
41
95
41
150
-820
2/
•
-180
-15
-28
Includes purchase of gold from the International Monetary Fund with the
right of repurchase by the Fund; see Table 1, footnote 1.
Less than $500,000.
t
Treasury Bulletin
84
.irrrERNATIOML FINANCIAL STATISTICS-
Table 4.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
{Position at end of period in millions of dollars)
1963
1962
December
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
Switz erland
Turkey
United Kingdom
Other 2/
Total Western Europe
Canada.
Latin American Republics
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
September
U.S. Gov-
ernment
bonds
and notes
783
1i9r
134
16
2
3,7W
3
6,i09
3
196
3,627
1,329
155
632
623
671
3,575
165
i,191
481 r
1
87
1
1
93
83
370
48
U.S. Gov- Gold and U.S. Governmen
bonds and notes
Gold and
2/
shorternment
shortterm
bonds
term
Dn basis of On basis of
dollars
and notes dollars i960 survey 1963 survey
903
1,678
203r
134
4,510
6,634
258
3,540
1,910
158
646
751
616
3,325
128
4,253
441 r
2
1
15
3
3
1
2
133
1
1
123
312
50
28,916
708
30,093
7pQ
i,057
389
3,882
700
:
Total Latin American
Republics
Asia:
India
Indonesia
Japan
Philippines
271
453
360
176
216
14
759
117
198
263
933
376
429
178
205
16
626
98
152
281
806
336
3,398
13
288
72
302
222
215
Thailand
Other
1
Total Asia
i,986r
437
,i90r
Africa:
South Africa
United Arab Republic
(Egypt)
3,365
67
2,674r
2,i34r
40
486
1,581r
42
5,332r
51
683
540
186
Other Africa 4/
188
373
10
331
10
Total Africa 4/
1,101
10
1,200
10
337
287
29
343
326
62i
29
Other countries
Australia
Other 4/5/
:
Total other countries
Total
foreign countries
International and regional 6/
Grand total
7,349
50,431r
674
45,046r
43,
911
2,110
196i
December
7,093
',139r
March
Gold and
shortterm
dollars
June
Sepi ember p
U.S. Gov- Gold and
U.S. Gov- Gold and
ernmen I
shortbonds
term
notes
dollars
and
ernment
shortbonds
term
and notes dollars
December 1964
85
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations 1/
(In millions of dollars)
1963
1964
Feb.
Western Europe 2/
7
Canada 3/
Latin American Republics
Asia
Africa
Other countries 4/
Total foreign countries.
International and regional
Grand total
^
Mar.
Apr.
May-
July
Aug.
Sep t
.
p
Oct. p
"
86
Treasury Bulletin
CAPITAL MOVaCENTS
Background
The data reported to and published by the Treasury
countries.
Data relating to capital movements between the United
Department exclude entirely the intercompany capital trans-
States and foreign countries have been collected since 1935,
actions of business enterprises in the United States with
pursuant to Executive Order 656O of January 15, 1934, Execu-
their own branches and subsidiaries abroad or with their for-
tive Order 10033 of February 8, 1949, and Treasury regulations
eign parent companies; such transactions are reported by
promulgated thereunder.
Information on the principal types of
business firms to the Department of Commerce.
Data on the
data and the principal countries is reported monthly, and is
capital transactions of -the United States Government and on
Supplementary
shipments and receipts of United States currency are also
published monthly in the "Treasury Bulletin."
information is published less frequently.
Reports by banks,
excluded from the Treasury reports.
Certain capital trans-
bankers, securities brokers and dealers, and nonfinancial
actions not effected through reporting institutions, such as
business concerns in the United States are made initially to
securities transactions carried out entirely abroad, are not
the Federal Reserve Banks, which forward consolidated figures
recorded in the Treasury reports.
to the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
The reporting forms and instructions used in the collec-
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
tion of the statistics have been revised a number of times.
The liabilities data exclude nonnegotiable, noninterest-
The most recent revision became effective with reports covering
bearing special notes of the United States held by the Inter-
data as of May 31, 1963.1/
American Development Bank and the International Development
A detailed
description of the
content of the statistics, including the changes instituted,
1%3
Association.
issue of the "Treasury Bulletin,"
The data on securities transactions and on foreign
As a result of changes in presentation intro-
holdings of U.S. Government bonds and notes exclude non-
duced in that issue, not all breakdowns previously published
marketable U.S. Treasury notes, foreign series, and non-
will be exactly comparable to those now presented.
marketable U.S. Treasury bonds, foreign currency series
Basic definitions
(see "International Financial Statistics" section. Table
appeared in the July
pages 79-81.
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
Forms are published in the "Treasury Bulletin" in three
Section
States banks and business concerns; the central governments,
sections.
central banks, and other official institutions of foreign
by period; Section II presents data by country and by period;
countries, wherever located; and international and regional
and Section III shows detailed breakdowns of the latest avail-
organizations, wherever located.
able preliminary data.
In general,
provides a summary of the principal data
Section IV presents supplementary data in four tables
data are reported opposite the foreign
country or geographical area in which the foreigner is domi-
I
which appear less frequently than monthly.
Table
I,
short-
Data pertaining to branches or agencies of foreign
term foreign liabilities and claims reported by nonfinancial
official institutions are reported opposite the country to
concerns, is published quar^^erly in the February, May, August,
which the official institution belongs. Data pertaining to
and Novanber issues of the Bulletin.
international and regional organizations are reported opposite
3), foreign credit and debit balances in brokerage accounts,
the classification "International," "European regional," or
appears semiannually in the March and September issues.
"Latin American regional," as appropriate, except for the
3
Bank for International Settlements and the European Fund,
foreigners in countries and areas not regularly reported
ciled.
Table 2 (formerly Table
Table
(formerly Table 4), short-term banking liabilities to
which are included in the classification "Other Western
separately, heretofore has been presented annually in the
Europe
March issue, but beginning with the August 1963 issue is
.
"Short-term" refers to obligations payable on demand
published twice a year, covering data as of April 30 and
or having an original maturity of one year or less, without
December 31.
deduction of any offsets.
of long-term securities by foreigners
"Long-term" refers to obligations
having an original maturity of more than one year, and in-
Table 4 (formerly Table 5), purchases and sales
during the preceding
calendar year, appears annually in the April issue. The former
cludes securities having no contractual maturity.
Table 2, estimated gold reserves and dollar holdings of
Exclusions
eign countries and international institutions, is now pub-
The data published herein do not cover all types of
capital movanents between the United States and foreign
1/
for-
lished monthly in the "International Financial Statistics"
section.
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of International Affairs,
Treasury Department, Washington, D. G, 20220 or from Federal Reserve Banks.
r
.
8
December 1964
87
CAPITAL MOVMENTS,
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners
i/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in claims on foreigners
Changes in liabilities to foreigners
Calendar year
or month
Transactions
Net
movement
Total
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
19i6.
19i7.
19i8.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
1962
305.4
-851.5
1963
-237.9
1964-January-October p
1963-October
323.7
November
36.3
December
-1,120.4 4/
1964- January
February
March
April
May
June
July
Augus t
September p.
October p
.
-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
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
,322.9
1,858.9
1,661.3
2,i86.0
919.0
2,033.0
411.9
134.4
-490.4
1
420.0
267.2
-485.9
5.6
-219. 9r
-466. 5
190. 5r
196.3
-7.2r
-245.8
-?30.9r
-390. 9r
-51.7
-10.3
497.9
277.3
6.0
552.6
625.1
179.0
-170.9
191.0
Short-term
banking
U5.7r
219.1
1,000.8
3,229.6
1,882.9
1,178.7
18i.6
-3.0
-214.4
429.1
6.1
-40.4
563.8
379.2
125.9
607.1
Long-term
banking
funds
U.S. Gov't.
bonds
and
notes 2/
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
O.B
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
5.1
-728.0
670.9
-303.4
8.0
104.7
-25.0
62.1
91.1
11.0
-2.9
6.5
4.0
0.4
30.5
40.6
3.7
1.9
18.8
-1.5
-5.2
-7.1
Data below the line include changes in liabilities and claims re
ported 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 86.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking funds during May 1963 reflects the
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-5.1
29.6
-26.8
-4.5
-82.9
11.6
-16.5
-97.8
-80.8
-30.2
Note:
1/
2/
2/
4/
p
r
in:
Short-term
banking
funds
Other
domestic
securities
2/
-64.5
-150.6
-144.3
-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
59.8
206.9
-164.5
-10.9
31.0
23.0
12.8
-34.1
-35.1
-19.6
16.4
16.6
-68.2
-2.2
-33.9
-17.2
-15.5
-288.5
-124.8
189.6
-395.2
-461 .0
-334.8
187.6
-398.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,314.0
-1,517.5
-2,710.4 2/4/
-1,949.2
-96.3
-230.9
-634.5 4/
-I90.7
-212. 7r
-220. 7r
-255. 2r
-179. 2r
-380. 6r
127.2
-93.8
-177.0
-361.5
-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
-1,14:^.2
-343.0
-811.6
-928.3
-13?.
-163.9
-215.5
-182.7
-106.9
-107.8
-125.
-63.9
-340.1
170.5
-48.0
-26.5
-97.9
Long-ter
banking
funds
Transactions
in foreign
securities
34.9
-36.8
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
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
-1X1.6
-854.6
-1,0^7.9
-1,044.2
-353.9
35.8
10.0
12.4
-667.1
0.7
-72.0
-431 .4 4/
-43.0
-48.7
-146. 1r
-30. 6r
-24. Ir
-12.9r
-56.8
-72.5
-111.3
-121
.1
35.0
-57. 2r
33.3
-99. 7r
-91.2
-27.7
13.5
21.8
-39.2
-142.5
inclusion of $85,6 million of long-term claims previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of |l93.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Preliminary,
Revised,
.
.
Treasury Bulletin
88
CAPITAL MOVMENTS,
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims 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
7,713.0
7,618.0
8,644.8
9,302.2
Payable in dollars
Foreign countries
Official
institutions
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
3,751.7
5,144.5
4,637.1
12,312.2
12,363.5
12,436.9
6,138.1
6,247.2
5,633.5
2,942.7
3,020.2
3,046.2
4.755.9
4,667.7
4,637.1
129.5
134.1
12,187.0
12,029.1
11,984.7
11,728.1
11,876.3
12,072.0
12,090.8
12,279.2
12,316.3
12,290.5
6,134.6
6,119.8
5,967.3
6,561.6
6,407.0
6,047.4
6,610.4
6,764.3
6,621.6
7,276.1
3,001.6
3,069.4
3,110.1
3,147.7
3,106.3
3,131.2
3,128.9
3,157.7
3,233.0
3,246.5
4,668.5
4,775.7
4,730.6
4,779.9
4,832.9
4,925.8
4,910.2
4,917.3
5,065.9
5,056.4
130.6
125.1
112.1
116.7
117.6
123.4
123.1
124.2
131.7
106.2
1962
1963
1963-October
November.
December.
26,293.7
26,428.0
25,937.6
26,122.3
26,119.2
25,904.8
26,334.0
26,340.0
26,299.7
26,863.5
27,242.6
27,368.6
27,975.7
10,546.1
11,648.4
12,918.6
1952
1953
1954
1955
1956
1957
19'i8
1959
I960
1961
1%1 y...
.
.
.
1964-January. . .
February. .
March
April
May
June
July
August
September p
October p.
foreign
currencies
2/
2/
2/
2,064.0
2,528.2
2,569.3
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,683.5
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,450.3
22,532.6
25,018.6
25,937.6
1951
Other
foreigners
in
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.3
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,393.1
2,229.6
2.355.5
2,356.9
2,564.4
3,046.2
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
3,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10,893.2
10,893.3
11,915.3
12,436.9
1945
1946
1947
1948
1949
1950
Foreign
banks
Payable
International
and
regional
2/
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1/ For exclusions see headnote on page 86.
2/ Included with "Other foreigners."
3/ Included with "Other claims."
l±! Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are Included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions begin-
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
liabilities
.9
1.4
4.6
1.0
Payable in dollars
Total
shortterm
claims
392.8
708
948
1,01
Official
institutions
J/
2/
2/
1/
2/
73.4
6/
7.5
2.2
2.2
7.3
69.4
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
328.5
358.9
136.0
y
65.8
62.9
69.4
5,590.4
5,759.4
5,974.9
153.4
200.7
186.0
73.4
73.8
104.3
144.9
153.6
155.5
174.3
172.9
167.7
160.5
6,157.6
6,264.5
6,372.3
6,497.3
6,561.2
6,901.3
6,730.8
6,778.8
6,305.3
6,903.2
191.5
175.7
161.8
152.4
140.0
167.8
167.9
150.7
158.6
163.2
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
Is
6Z
6/
6/
1U.8
y
7/
y
8/
y
p
Payable
Loans to:
827
898
963
1,048
904
1,386.5
1,543.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4.762.3
4,820.3
5,163.2
5,974.9
.7
113.1
150.4
150.4
143.4
134.1
Total
longterm
86.1
Foreign
banks
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
323.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954.9
in
Other
foreigners
Other
claims
1/
245.0
290.5
490.6
y
2/
y
y
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
622.4
641.3
773.9
557.1
494.3
328.7
503.4
627.9
451.5
534.1
660.0
833.8
1,121.6
1,076.7
,098.2
1,837.3
2.531.1
2,573.9
2,652.9
3,429.4
1
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
586.3
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
,173.3
,362.1
,545.1
630.8
1,698.4
2.033.8
2,033.8
2,160.4
3,015.0
557.1
960.8
954.9
726.9
756.6
773.9
3,164.1
3,202.6
3,429.4
694.2
638.7
630.3
2,511.6
2,583.6
3,015.0
1,037.2
1,089.7
1,086.5
1,107.6
1,138.4
1,143.5
1,151.9
1,175.3
1,207.5
1,251.5
795.8
790.9
803.1
838.1
865.4
884.7
917.4
941.9
947.9
969.3
3,484.2
3,564.0
3,658.8
3,689.8
3,682.1
3,896.9
3,805.4
3,818.8
3,817.3
3,842.7
648.9
64A.1
662.2
709.4
735.3
803.4
688.2
691.6
674.1
676.5
3,058.0
3,106.6
3,252.8
3,283.3
3,307.4
3,320.3
3,377.0
3,449.6
3,560.3
3,682.0
851.8
7/81
ning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47. 9 million; June 1963, $25.5
million; December and end 1963, $30.1 million; September 1964, $30.1
million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Preliminary.
4
.
7
3
December 1964
89
CAPITAL MOVIMENTS
Section I - Summary by Per lode
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners!/
(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/
Net purchases
Calendar ytar or month
Q'jnds
Foreign countries
Sales
Total
Official
Other
1962
1963
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
-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
670.9
1964-January-October p
1,024.8
1,327.9
-303.4
-18.6
30.8
-315.6
1963-October
November
December
35.0
193.5
26.9
83.8
32.4
8.0
104.7
-25.0
14.1
-9.0
43.4
-6.3
.8
1964.-January
66 .i
107.4
18.4
22.5
71.5
77.8
45.2
27.0
304.2
9.3
525.0
117.4
97.2
53.3
-5.1
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
-
1961
7.5
February
March
April
May
June
July
August
September p
October p
221.4
20.9
508.5
19.7
16.4
23.2
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
-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
369.1
International
and
regional
^14.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1940
19i7
1948
19i9
1950
29.6
-26.8
-4.5
-82.9
11.6
-16.5
-97.8
-30.8
-30.2
16.7
2.6
-26.8
-8.3
19.5
10.5
6.3
3.2
2.9
4.2
3.7
.1
1.1
-23.2
-40.0
-13.4
For exclusions see headnote on page 86.
Through 1949, includes transactions in corporate bonds.
iy
2/
Net
purchases
Net
purchases
74.5
7.5
37.0
117.9
-19.3
9.6
14.7
63.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
-4.7
3/
3/
3/
i/'
2/
2/
3/
3/
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
3/
2/
2/
2/
-.6
i/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.I
359.0
-21
11
15
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
432.1
376.7
514.1
-64.5
-150.6
-144.
375.3
664.0
6!9.5
649.2
533.9
980.2
-21.
2.
120.
1,
Net
purchases
of
domestic
securities
-334
-89,
-192
75
944
-584
314
55.
-11
135.0
127.5
256.0
I42.6
-56.3
362.9
201.7
322.7
246.4
9.3
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3, 06'.
2,260.2
2,724.0
197.5
149
685
156
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
366.8
246.2
120.5
2,583.6
2,863.6
-285.0
-467.9
3.0
60.4
-14.0
14.2
18.4
29.5
16.9
25.2
27.7
-2.7
-6.8
1.7
246.6
240.0
247.3
254.3
202.2
226.0
-8.2
37.8
21.2
-2.8
135.5
-2.0
-43.6
26.9
13.4
37.8
30.3
31.4
53.5
33.9
66.3
36.3
37.0
17.7
21.9
21.8
32.6
17.8
30.9
28.3
13.7
27.2
29.3
9.1
232.0
216.8
260.9
309.8
273.3
242.4
312.0
327.0
278.3
265.7
324.3
243.6
273.9
323.4
3.7
-25.6
7.7
-4.5
-61.9
316.9
307.7
255.7
.5
.1
.1
-102.5
.1
.4
-61.0
-83.7
-21.0
2/
6
28
35
51
17
72
50
-99
-51
-8.5
16.0
-2.3
13.6
22.6
5.6
47.6
9.1
7.7
1-,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.3
2,744.6
2,149.1
2,526.5
281.1
259.7
250.5
193.3
231.0
298.4
Through 1949, included vdth transactions in
Preliminary
and notes
p
U.
111.1
-51.1
-17.3
2.3
-6.0
-73.8
-49.8
-43.0
-24.9
-24.1
-66.5
28.2
-84.7
-100.0
-114.
-47.4
Government bonds
S.
.
Table 4.- Purchases and Sales
of"
Long-Term Foreign Securities by Foreigners
{In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Calendar year or month
Net
purchases
1946
1-947
755.9
658.7
1948
1949
1950
211,
321.
589.
1951
500.
495.
542.
792.
693.3
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964-January-October p
1963-October
November
December
964- January
February
March
April
May
June
July
August
September p
October p
1
p
Preliminary.
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
1,457.6
1,445.0
1,262.4
2,037.3
2,036.0
734.5
50.1
28.6
4C.4
39.9
50.8
42.8
69.9
53.4
67.3
70.4
37.4
50.7
251.9
265.5
24.5
-79.8
9.3
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
Purchases
65.2
57.1
81.7
88.8
173.8
272,
293,
310.1
393.3
663.6
749.2
592.8
467.2
Sales
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
303.7
303.8
591.7
965.6
805.9
Net
purchases
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.3
-251.6
-214.3
-126.1
-29.1
Total
purchases
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,135.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
Total
sales
556.1
676.8
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,337.3
1,866.8
Net purchases
of 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
-944.0
-1,095.4
595.7
702.0
695.6
6U.3
-336.4
-237.7
-32.6
-370.0
-103.9
51.2
1,636.1
2,014.0
2,718.3
2,261.5
2,036.7
2,^28.0
2,843.2
2,730.3
1,247.3
-513.1
621.4
439.3
182.1
1,356.0
1
,687'.0
-330.9
43.2
60.9
62.4
6.9
-32.3
-22.1
59.9
69.9
62.7
31.0
27.7
28.3
23.9
42.2
34.4
110.0
98.5
103.0
74.2
88.5
90.7
35.8
10.0
12.4
37.2
125.3
40.1
176.6
156.5
111.3
75.9
31.8
96.6
395.5
2.7
-75.0
77.0
62.0
66.5
71.0
61.7
63.9
61.2
48.7
44.7
35.3
36.0
49.5
49.7
32.3
26.2
30.5
21.5
11.9
16.8
19.0
16.2
6.7
116.9
112.8
109.3
141.0
115.1
131.2
131.6
86.1
99.8
312.2
81.9
161.6
76.0
35.0
-48.3
33.3
-85.1
-91.2
-27.7
1,915.1
-562.1
-460.
2.8
-106.7
-103.1
-44.5
-5.4
5.6
-45.9
-143.6
566.1
509.1
49.1
60.3
47.1
42.2
32.5
42.5
59.3
1.0
226.1
206.3
158.9
-6U.7
-830.4
-1,047.9
-1,044.2
118.1
13.5
64.3
139.0
454.8
21.8
-39.2
-142.5
..
Treasury Bulletin
90
CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- aiort-Term Banking Liabilities to Foreigners!/
{Position at end of period in millions of dollars)
Calendar year
1964
Country
1960
1961
1962
1963
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
243.1
142.0
54.2
46.0
519.0
3,475.7
63.1
877.1
328.5
81.9
33.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
90.8
988.7
2,841.6
67.2
1,234.1
216.4
105.2
99.3
153.4
406.4
874.3
25.9
2,226.6
11.6
326.4
4.8
15.7
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
248.2
124.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7
2.6
18.5
Total Europe
9,045.7
10,322.0
10,161.7
2,438.8
2,757.6
3,348.9
315.0
194.1
135.1
153.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
68.8
72.0
11.8
234.7
228.2
105.3
146.3
42.5
494.7
36.7
84.0
57.0
418.0
228.0
111.0
14.9
209.6
204.1
135.3
148.3
14.7
531.1
98.2
105.1
101.1
405.0
264.7
122.8
97.4
10.5
2,307.8
2,340.5
2,448.0
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
34.8
57.3
53.9
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
34.6
55.5
77.7
75.6
63.0
1,671.6 b/
199.5
185.0
92.0
264.4
254.6
41.4
28.5
81.3
2,195.2
135.7
174.5
75.2
Total Asia
3,115.3
2,973.6
3,444.1
31.9
64.3
29.3
21.9
79.6
33.9
93.0
31.7
14.5
110.2
35.2
67.9
41.5
13.9
160.5
227.0
233.3
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 4/
^
.
^
Total Latin America
255.1
326.0
52.1
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Africa:
Congo
{ Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa 7/
^
Total Africa 2/
Other countries:
Australia
All other 7/
Total other countries 7/
International and regional:
International
European regional 2/
Latin American regional
Total international and regional 2/
Grand total
88.1
37.2
125.2
3,897.2
114.6
4,011.8
21,271.6
35.7
65.3
332.7
273.6
3/
May
July
August
September p October p
1
December 1964
91
CAPITAL MOVaiENTS
Table 2.
,
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
Calendar year
V^tiA
Country
I960
1961
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
2.3
65.1
13.2
9.2
32.0
81.8
6.2
3i.l
33.3
17.0
3.9
7.6
27.9
59.5
48.8
245.3
11.
10.9
^
Total Europe
Canada
421.1
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
120.8
225.4
72.7
80.4
25.5
343.4
22.6
44.3
P eru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics^/.
Bermuda
Antilles and Surinam.
America
^^
Total Latin America
y
8.5
65.5
1.7
9.3
9.2
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
.2
23.9
805.9
2.1
18.6
7.3
24.0
150.0
Total Asia
1,052.2
Africa:
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
2.5
U
11.0
3.2
2/
%/
Other countries:
Australia
All other 7/
Total other countries
57.0
234.5
55.1
1,355.6
Asia:
China Mainland
^
International and regional
Grand total
7.6
716.7
1962
May
June
July
August
September
p
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
Section II - Summary by Countrlee
Table 3.- Long-Term Banking Claims on Foreigners
{Position at end of period in millions of dollars)
Calendar year
Country
1960
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
1961
:
2.9
35.1
7.1
5.2
20.5
23.2
4.0
37.1
13.6
14A.6
2.7
4.5
38.8
2.2
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Columbia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 3/''.
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America 3/
.
^
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
36.7
38.7
7.4
3.1
12.5
69.8
7.4
26.2
46.4
164.7
4.0
.8
50.1
9.4
.1
.1
15.3
1.8
7.9
10.7
2.1
2.9
366.6
492.9
75.5
273.9
118.4
233.7
42.5
25.7
73.4
262.8
26.7
29.6
.9
.9
182.0
30.3
171.2
19.4
12.1
.4
10.1
.6
189.8
9.2
245.5
11.9
3.4
65.4
6.3
72.9
913.9
931.3
19.4
44.4
16.4
50.8
8.4
23.7
V
:
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
10.2
19.1
.9
15.6
.4
8.2
15.7
50.1
.8
5.5
14.3
134.1
170.1
39.7
39.3
61.0
4.8
59.2
3.9
:
Total Africa
Other countries
Australia
All other
6/
:
V
Total other countries 6/
International and regional
Grand total
i/
27.7
75.1
208.3
1,698.4
6/
.
December 1964
93
CAPITAL MOVaiENTS
Section II - Summary by Countries
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
1/
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1964
Country
I960
1961
1962
1964
through
1963
May
June
July
August
October p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
,
Norway
Portugal
Spain
Swed en
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
-189
-349
-35,359
-1
6
6,392
-391
1,999
-620
-275
-3,193
-8,231
-14,355
-391
-1,379
188
-40
249
-1 ,473
1,985
538
-2,631
-2,050
-18,324
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-31,665
-59
-112
-1,070
-22,391
77
-220
11,807
-10,917
-38,758
-16
-154
-126
-112
89,105
15.175
-65,319
-16
553
504
38,965
-13
-144
39,405
247
-19
-3,762
-11,320
2,646
1,658
2,163
10
17^.
-fall
98
1
79
,
1
-140
25
29
20
18
31
34
-60
-24
76
142
399
-199
-103
8
-35
23
456
-32,919
10
-14
-497
-24,716
12
5
-46
24
-50,750
2,527
-286
-2
240
1,363
-877
73,700
20,477
43
3,501
R
Other Eastern Europe.
Total Europe
Canada
-76
-42
-70
-90
-95
-35,360
2,005
-131,512
70,894
2,064
20,734
1,331
-25,822
-36,551
13,11;
-69,449
296,^01
fa,7,'3
386
9,792
,997
5
-80
-135
-25
154
-141
64
4
153
-33
33
-41
139
266
-65
16
19
-275
55
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
415
-29
-49
-43,515
-1,071
-650
-780
662
-245
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
-332
-19
-4
-5
-324
-1,253
12
-950
22
105
48
-236
-52
1
-843
-9,318
-335
331
201
-32
347
-365
1,522
114
811
357
1,398
1,467
-45,783
683
2,144
-136
-7,305
-14
1,157
39,700
-1,000
-9
-35,003
-39
-476
9
33^)
-988
20
-26
8
23
26
-230
1,512
10
-21
-76
-30
-25
-841
301
-41
-35
-129
-244
-227
735
-37
37
2,114
-20
2
10 5
-41
45
33
in^
16
-36
-175
-195
-9
219
-10
246
-652
327
251
8
3
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-531
6
561
-1
-1,561
-191
-5
-3,516
-963
-654
-4,501
1,694
Total Asia
34,045
-36,270
-5,837
652
3,404
-465
-55
149
40
1,023
6,816
-201
1
-10
-980
-470
1,000
240
10
-22
,8s8
320
1,038
31
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
3,255
500
-1,971
Total Africa
3,267
503
-1
-1
3
,972
1
6,965
Other countries:
Australia
All other
-17,U5
2
513
-27
Total other coxmtries
-17,494
-17
513
-27
International and regional:
International
European regional
Latin American regional
Total international and regional.
Grand total
V
p
-49
224,468
-19
-441,527
330,574
-79,843
-28,783
-307,907
-50
-7,627
-102,630
192,236
224,468
532,159
-521,370
301,791
-315,584
-102,493
81
126,592
512,191
-727,989
670,915
-303,215
352
11,593
For exclusions see headnote on page 86.
Preliminary.
339,923
81
137
94
.
December 1964
95
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(
In thousands of dollars;
negative figures indicate Aet sales by foreigners or a net outflow of capital from the United States)
1964
Calendar year
Country
196/;
1962
1961
1960
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
195
2,2«
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Eiorope
U.S.S.R
Other Eastern Europe 1/
790
-116
37,381
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
22,587
22,711
-709
14,272
28,971
-668
6,538
1,559
-1 , 200
161,565
235
-10,940
12
5,718
3
3
-14
173,497
252,121
Canada
-6,281
-21,878
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 2/ 2/
-641
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
3/
11,962
-124
-522
5,238
1,063
742
355
5,430
Total Europe
Total Latin America
9,824
378
-1,163
8,806
2,660
y
9,374
2,224
18,064
44,409
172
8,317
-92
37,684
87
-40
105
504
9
181
28
113
-81
-69
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
4,202
12,352
43,254
-1,285
100
Total Asia
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
58
V
709
-191
27
y
304
800
^
International and regional;
International
European regional
Latin American regional
Total international and
regional
Grand total
12
4/
64
V
Total Africa
Other countries;
Australia
All other 4/
Total other countries
34
689
-127
154
4,921
2,424
2,424
201,736
1963
through
October p
May
July
August
Septeraberp
96
Treasury Bulletin
CAPITAL MOVEMENTS
.
Section II - Summary by Countrlep
Table 7.- Net Transactions In Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
196i
Country
196i
1960
1961
1962
1963
through
October p
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-5,014
3,867
-56,627
-10,899
56,877
10,943
-1,006
3,164
-6,565
-4,871
-11,308
9,738
11,145
-28, 399
2,125
-46,623
-63
3,543
-3,037
56,514
-3
-23,647
-16,815
-10,744
-17,263
-4,038
6,368
9,300
62,265
May
July
August
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.
S.
S.
-8,335
-13,838
-14,349
U,531
-2,156
5,223
-131
13,122
-2,589
-1,943
-123
4,007
-1,147
-3,155
-114
6,029
-500
4,697
-15,601
484
-2,704
-11
-5
-11
38
-42,113
-14,774
-44,018
-43,675
39,389
-1,207
3,154
8,974
-209,738
-244,218
-434,047
-744,318
-496,421
-96,370
-52,852
609
5,639
6,384
965
4,068
-5,244
-53,049
-30,141
-6,904
8,934
2,111
901
107
4,086
1,518
408
9,124
3,298
11,040
2,454
1,092
2,862
308
173
392
24
382
223
75
362
5
-19,622
1,470
-12,867
-8,465
1,818
-139
102
1,574
-5,694
3,142
-28,413
-8,325
-23
1,679
1,923
456
-10,920
68
-70
-1,933
-2,802
-174
2,884
-12,638
-1,942
-11,349
-6,326
-12,168
1,631
-9,974
2,165
-1,549
-16,253
-2,066
-35
793
10
202
254
216
-70
-91
50
776
-62
-137
-157
115
-83,224
-31, CIS
-34,671
-25,734
-10,247
2,702
,233
-15,137
-2,042
12
1,046
-63
4
-49,149
-94,191
-700
-1,068
930
-52
-61,477
-130,363
636
-125
-374
93
-1,376
-10,049
-355
-9,436
-5,371
125
56
315
-1,792
1,052
2,509
13,0to
-9,483
1,000
-1,518
-4,228
7,500
1,995
13
-177,251
-48,905
-10,515
-9,685
-6,043
y
y
-6
-6
13,279
,435
3,632
10
82
976
-2i,056
-981
39,485
263
-7,666
293
1,432
-6,618
Ul
5
-43, 531
500
-35,525
539
4
5
658
-272
-14,070
356
-3,359
-7
12
1,063
69
1,153
17
7
1,373
-1,855
-421
24
-2,133
-1,848
-475
-147
10,215
37
36
6,923
-548
7,322
318
-1,410
10,243
471
-215
5
3,164
-1,785
-1,293
9
36
532
2
119
9,383
-6
-576
71
R
Other Eastern Europe 1/ 2/
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America 2/ 4^
Total Latin America
Asia;
China Mainland
5
-2,854
704
-447
V
9
V
-2
1,660
-2
24
-48,161
1,507
613
2,812
-55,350
-50,549
4
18
-453
-140
-3,830
Total Asia
-39,874
-112,330
-147,484
-16
6
y
y
-24,147
301
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1,675
5,557
-11
541
2,349
y
y
y
y
y
-43,029
-1,814
-15,280
-19,320
-34, 383
-27,320
-22,243
5,019
Total other countries b/
-39,313
-58,741
-48,124
International and regional;
International
European regional 1/
Latin American regional J^
-147,831
1/
648
1/
-166,347
5,000
y
Total international and
regional
120
54
4
549
474
49
662
137
206
-308
-17,623
524
173
266
-64,948
16,743
50
-1
501
-1
y
y
Other countries;
Australia
All other
56
17
71
-1 ,398
-1
y
Total Africa
-111
-50
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Grand total
-81
-237
-1,118
446
212
-2,456
210
15,307
492
3,305
2,279
112
12
58
5,3
204
937
559
15,742
1,669
1,026
2,777
18
389
-7,789
17,411
i,ou
,166
-105,270
8,597
22,718
6,621
-49,506
820
200
8,387
151
-74,285
-147,831
648
-235,632
-96,673
-20,167
1,020
,533
-562,093
-460,433
-943,976
1,095,440
-513,042
-103,122
-44,459
September p
.
December 1964
97
CAPITAL MOVBffiNTS
.
Section II - Summary by Countries
Table 8. - Net Transactions in Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
196i
Calendar year
Country
I960
1961
1962
-176
-6,946
-170
-19
-7,832
-31,235
-36,646
-200
-4,049
-71,852
464
-39,509
-13,747
-494
3,395
-66,074
-491
1963
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
-13
-922
-315
-23
-4,206
-17,674
-583
-12,517
-87,906
847
Spa in
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 American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 2/ 3/
Total Latin America
121
-23
11,889
-6,312
97
42,147
40
370
285
-3,034
-495
-12
-63,387
-832
-266
-20,944
-18
4,081
186
-377
-1,292
-75,207
-246,922
-143,717
13,889
-74,117
74,254
-2,485
-1,020
-334
-651
-3,159
-222
-1,246
-356
-1,684
-284
-960
-28, 590
-587
100
-307
-548
-4,294
-1,765
-130
-16
-7
360
910
396
-91
30
-657
99
159
-1,425
1,385
1,128
-425
172
99
2/
60S
-13,996
2,060
-25,397
-4,447
-24, 207
-27,355
-6,077.
-50
-147
-13
2
-1,127
-82
-486
-47
-8
y
y
811
Asia:
China Mainland
Hong Kong
India
Indonesia
I srael
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
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
-4, 319
249
-22,206
204
-3
-60
42
10
-718
-66
-2
-27
-515
-753
-8,251
-27,758
48
-744
Africa:
Congo (Leopoldville)
Moro ceo
South Africa
United Arab Republic (Egypt)
Other Africa
2
-8
-6,697
2
1
3
2
4/
2,978
-234
11
4
19
-6
y
y
y
-65
-55
-13,603
-121
2,869
-13,952
785
643
785
643
-82,624
-369,954
196i
through
October p
May
June
July
August
September p
Treasury Bulletin
98
CAPITAL MOVMENTS
Table 9.
-
,
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
(Position at end of period in millions of dollars)
On basis of 1963 survey
On basis of I960 survey
Country
December
1960
Europ e;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.
S.
S.
1963
1962
1963
30
16
13
2
2
1
1
1
3
6
7
7
1
1
3
1
5
3
September p
June
2
2
31
196i
1961
3
14
14
14
1
»
1
1
1
3
1
2
4
87
126
4
131
5
126
131
106
1
,
1^8
,
,
,
,
1
1
1
1
1
1
1
2
2
2
82
93
93
133
9A
83
83
83
129
75
130
77
130
78
«
»
435
370
361
328
402
401
46
48
50
45
49
49
846
848
717
W6
459
389
7
5
4
5
2
1
«
1
1
1
10
1
1
1
1
1
1
1
2
2
1
2
2
2
2
3
5
5
3
13
14
15
16
30
31
33
33
1
1
41
6
«
,
,
1
i20
it
,
R
Other Eastern Europe
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
Peru
Uniguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
9
686
7
7
7
748
829
803
687
686
693
1
2
It
1
1
1
1
1
3
15
3
16
16
32
23
23
Asia;
China Mainland
Hong Kong
India
Indonesia
1
I srael
1
1
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
39
38
34
36
J2_
37
38
Total Asia
92
56
50
51
47
48
48
10
12
3
1
5
K
5
Africa;
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
10
Total Africa
10
10
Other countries;
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional.
Grand total
900
1,240
192
112
84
84
76
900
1,432
911
1,213
1,218
1,068
2,326
2,838
2,110
2,781
2,742
2,664
798
1,129
1,135
993
October p
December 1964
99
CAPITAL MOVMENTS,
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of October 31, 19641/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
Europe
Austria
292,600
Belgitun
4U,276
To all other foreigners
To foreign banks and official institutions
U. S.
Deposits 2/
Treasury
bills and
certificates
Other
Deposits 2/
:
Denmark
Finlana
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugos lavia
Other Western Europe
U.S.S.R
Other Eastern Europe
Total Europe
Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexic
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..,
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
269,313
111,781
1,522,559
2,184,223
156,662
1,259,994
355,131
185,922
227,643
408,809
562,591
1,083,029
21,987
1,847,937
12,068
253,765
1,952
23,292
289,016
415,685
261,179
108,377
1,467,483
2,139,665
135,450
1,220,870
329,367
159,063
165,394
366,772
548,665
928,306
19,168
1,286,154
11,072
236,188
1,668
20,981
154,743
175,018
27,383
77,279
307,499
297,892
51,258
256,022
89,974
75,460
162,825
276,415
124,360
297,065
18,704
1,133,631
7,410
59,307
1,412
18,904
60,800
141,136
147,100
25,200
998,671
1,683,515
26,000
928,201
226,450
4,232
11,225,534
10,110,523
3,612,561
3,391,504
3,137,965
305,178
233,092
162,703
161,803
10,379
662,820
96,142
199,413
112,762
762,576
404,927
177,960
104,748
16,389
109
73,473
99,531
86,696
5,898
161,313
158,258
58,192
36,647
12,943
79,371
2,569
2,057
30,305
477,510
464
63,960
1,312
135,693
256
1,968
3,526
28,313
8,093
3,382
53,373
43,161
21,096
38,060
25,633
26,746
62,211
41,946
13,738
146,028
2,092
493,308
975
17,506
284
2,309
5,009,546
1,488,416
1,031,780
2,226,958
903,616
7,391
244,475
126,075
147,420
54,929
63,252
1,364
384,573
8,560
94,565
25,058
435,158
228,499
86,868
43,930
4,782
110,788
138,415
54,185
60,302
1,364
240,750
8,510
10,350
4,937
8,930
178,652
85,183
107,754
93,540
9,015
277,972
87,582
3,410,892
35,709
74,006
55,086
88,300
394,000
153,731
88,563
2,350
41,188
75
7U
2,950
68,300
75,523
50
321
2U
94,
21,651
104,8U
414,028
159,248
76,115
27,920
1,653
10,000
22,900
2,035
11,710
3,407
11,130
46,351
8,718
4,300
3,129
87,664
327,395
176,428
1,705,033
1,409,173
125,370
170,490
1,702,534
30,132
33,627
25,255
24,942
85,760
,608,268
100,808
175,827
182,700
184,661
374,813
3,478
5,577
36,837
226,592
229,376
447,441
570,847
30,132
37,105
41,506
34,386
125,326
2,525,860
102,002
188,482
220,169
443,267
494,126
4,458,581
4,242,361
1o,031
13,891
4,321
41 ,720
21,891
91 ,002
60,816
9,687
:
,
35.881
131,848
2,548,352
103,U3
Total Asia
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries
Australia
All other
14,451
Total other countries
242,871
34,061
2,826,793
907,706
507,862
213,060
6,001
2,050
39,525
555
373
89
454
13,948
2,140
4,002
4,818
795
33,001
44,756
692
8,323
48,229
22,689
149,488
112,113
13,336
3,948
35,630
19,387
58,640
244,760
193,936
130,941
47,576
15,419
164,781
23,249
158,056
13,722
65,742
14,073
84,800
863
7,514
3,786
,030
176,778
79,815
85,663
11,300
180,530
1,599
118,096
18
:
Total international and regional
4,890,263
17,925
148,176
4,889,858
270,503
16,306
24,543
4,438,825
17,905
148,139
5,056,364
5,055,902
311,352
4,444,325
300,225
10,597,593
11,523,802
2,501,103
27,975,665
24,622,498
11,691
1,495
6,521
22,265
1,421
38,011
44
21,659
316,617
1,194
11,963
37,469
15,735
85,252
:
International and regional
International
European regional
Latin American regional
Grand total
1,800
9,400
17,907
600,975
5,500
9,207
4,174
75,861
,
Treasury Bulletin
100
CAPITAI, MOVIMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1964
i/
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Europe:
Austria
Belgium
,615
35 ,316
15 ,271
66 ,4.72
77 980
172 543
10 ,406
112 ,508
iO ,132
35 ,875
21 ,000
27 ,948
43 228
88 ,737
31 007
311 977
17 ,414
26 ,446
11
20 055
Deninark
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
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
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
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and
regional
Grand total
1/
,
,
,
,
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
7,656
26,900
13,223
66,289
66,851
120,358
10,327
101,782
34,125
34,696
20,773
27,166
39,581
71,551
1,473
3,674
1,532
6,263
9,551
32,526
^44^
5,4b4
1,708
1,279
23,672
24,360
665
24,491
3,962
5,554
10,916
13,24.^
Short-term claims payable in foreign currencies
Acceptances
made for
account
Other
Total
of
foreigners
1,950
1,097
5,639
55,819
7,439
23,420
23
3,422
1,100
721
4,903
4,015
959
8,416
2,043
183
11,129
52,185
32,526
4,117
8,804
4,741
2,709
11,260
19,483
23,072
42,676
9,966
4,689
13,052
3,249
2,207
21,286
36,037
9,129
27,011
21,256
2,595
2,191
13,909
4,801
13,851
2,242
27,994
185
2,852
20,028
3,437
768
539
1,162,941
917,057
228,025
188,036
633,071
384,930
19,481
130,700
195,574
155,056
183,085
290,688
16,268
583,473
34,962
95,020
61,990
140,245
188,008
43,683
183,064
129,513
163,999
290,256
16,241
558,563
34,948
94,972
61,387
137,791
181,420
43,540
15,500
29,209
35,949
37,268
27,159
57,090
21,463
90,849
100
150,343
8,310
25,623
4,034
26,076
31,709
28,719
61,493
30,382
32,859
26,706
18,588
15,784
18,588
15,556
771
428
14,565
7
3,247
9,982
2,022,424
1,929,838
446,880
486,047
400,117
1,933
21,194
20,400
332
40,297
2,479,019
20,883
134,646
8,198
54,063
79,814
1,919
21,077
20,000
332
40,294
2,410,731
20,883
184,198
8,179
54,047
79,194
1,836
9,989
6,230
10
73
3,246
1,003
20
10
19,274
504,784
12,514
88,029
2,783
11,612
22,467
5,635
23,585
447
3,216
5,979
4,440
9,248
43
4,455
207,245
6,210
15,334
2,470
6,616
37,163
9,632
1,298
1,490,252 109 824
2,156
2,907
54,343
2,328
151
31,952
651
10,167
3,418
2,910.779
2.840,854
679.538
141.760
293.297
1.606.532 119.727
1,001
2,055
18,392
28,847
57,560
999
2,055
17,665
28,506
57,400
16
11,150
26,222
258
9
2,602
274
15,006
725
1,454
13,552
1,105
14,111
1,096
15,313
1,259
664
802
727
341
160
107,855
106,625
38,338
18,149
30,947
17,668
1,523
1,230
55,507
9,933
37,301
9,378
1,480
371
2,437
2,144
19,309
6,256
13,046
302
1,029
305
65,440
46,679
1,851
4,581
25,565
13,348
1,334
6
693
6
693
627
30
,
503
182,214
17,404
25,620
526
4,938
7,601
30,577
189
28,072
5
7
79
10,632
2,756
17,719
1,778
4,822
15,217
6,515
7,122
2,034
10,726
6,007
1,179
1,087
6,870
5,016
82,385
227
782
3,647
17,136
504
129,763
333
11
326
14,384
400
6
27
208,024
182,660 110,312
245.884
9,492
43,202 182,055
248,141
24
1,147
788
702
1,125
5
1
231,481
10,940
5,308
16,717
23,147
28,785
6,376
591
359
98,626
3
1,920
15
2,015
1,318
12,510
25,543
19,086
432
124,872
6,995
24,753
32,374
23,588
48,255
3,122
13,159
137
2,372
1,369
138
206
3,905
24,910
14
43
603
2,454
6,583
143
27
16, 140
38,708
8,566
36,416
6,893
54,842
72,465
1,418
2,353
228
567,387
29,407
92,586
1,935
3,508
1,467
11
14
117
400
2,7g
259
,
699
699
627
6,226,682
1,414,740
66
969 273
,
Excludes convertible foreign currencies held by U. S. monetary authorities
967,514
3
63,288
448
19
16
620
69,925
1
56
6
6,903,209
10
76,992
12,817
71,713
134,115
,
,
Deposits of
reporting
banks and
domestic
customers
with
foreigners
2,430,797 444,358
Foreign
government
obligations
and commercial and
finance
paper
.
December 1964
101
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of October 31, 1964
(Position in thousands of dollars)
Long-term claims payable in dollars
Country
Total
Total
long-terra
long-terra
liabilities
claims
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.
Total Europe
1,000
i.OOO
1,365
5,285
84,«2
22,050
96,082
1,483,537
292,053
50
365
26,
OU
American Republics...
Berimida
Antilles and Surinam.
America
Total Latin America
Asia
76,04'
1,478
19,045
Canada
Latin Ajnerica:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
133,118
85,122
54,151
60,069
48,061
143,126
19,871
295,630
16,248
247,274
77,793
70,380
78,537
34,815
722
92,446
175,785
20,293
48,175
2,620
436,930
45,813
45,135
41,496
35,623
86,927
37,948
21,829
1,U8
26,4i9
1,092,468
:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
1,615
27,663
Other Asia
7,750
24,390
349,602
3,253
127,942
2,605
6,356
33,095
Total Asia
11,270
576,526
3,070
AOO
50
Tliailand
Africa:
Congo (Leopol(^ville)
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
23,010
750
20,968
105
86,579
-
Total
Long-term
claims
payable in
foreign
currencies
.
6
.
Treasury Bulletin
102
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Fore Ignerp During October
1964
1/
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Country
Total
U. S.
purchases Government
bonds and
notes
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Corporate and
other
Bonds
26
83
2i
?A0
256
14,538
4,738
587
232
350
5,001
2,100
16
4,578
14,124
387
1,532
5,948
87
1,406
2,939
8
9,969
,370
212
89,671
59
74,503
19
144
2,769
330,837
12,253
17,904
125,399
7,726
131
1
108
Italj-
5,900
1S,62i
19,652
1,555
12,109
2,825
106,829
67
100,501
500
7,60i
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Jugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
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
360
906
1
,851
U.
sales
Government
bonds and
notes
243
525
12,142
3,038
22
5
10,019
679
10,598
133
538
3,061
3,443
500
4,601
6,638
213,778
69,982
16,920
15,186
48,823
13,862
209
1,400
16
13
77
1,091
529
801
4
10,158
7
10
27
2,022
48
98
50
99
3
3,121
127
9
905
1,504
2,979
1
r,nl4
7,717
2,720
1,056
36,109
17,493
17,122
18,227
16,022
1 ,673
6,151
15,792
801
960
9
12,5i3
3,29i
1,028
2,278
i,i73
1,539
i,997
6,509
i28
5
481
101
67
Bonds
12
72
123
31
34
470
326
183
3,006
194
770
77
48
11
25
20,744
4,891
189
3,906
13,326
719
1,620
1,828
1,234
1,163
2,430
1,000
2,466
11,628
1
12,263
1,569
7,172
45
4,136
826
7,387
3,142
2,964
1,402
1,177
109,095
47
69,138
350
443
2,394
10
12
352,153
22,215
9,776
-34,778
58,546
39,802
299,916
8,229
17,270
53,453
190,461
131
1,357
940
1,117
806
137
85
33
1,193
915
944
612
123,894
48
81,259
500
4,137
76
158
15
321
20
8,556
4,161
13
12
515
150
104
2,353
7,289
653
3,313
8,608
172
25
53
451
416
588
2,402
5,045
279
127
1,121
119
22
,9i8
752
1,573
22,563
24,811
2,249
39,845
8,225
3i
i
13
255
7,562
32
4
290
105
7,727
1
35
6,168
120
375
5,156
5,239
341
662
5,567
170
11,397
226
447
1,282
1,005
998
Stocks
56
1
5
10,163
102
Foreign securities
Corporate and
other
33
11,899
1,190
51
S.
192
847
2
33
Total Europe.
4,012
2,596
2,018
2,152
4,265
11,583
108
560
Total
Stocks
1,341
3,201
113
1
12
18
6,300
2,175
2,153
20,032
18,i52
Domestic securities
Foreign securities
Domestic securities
41
4,327
500
332
3
2
117
5
1
99
149
30
233
46
20
28
36
42
2,018
3,785
377
5,768
197
1,811
310
4,874
62
1,290
380
12
71
992
353
3
2,304
542
1,637
6,704
158
1,287
952
23,005
249
6,607
1
13,140
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
2
2
134
1,013
10,012
7,67i
132
13
6
13
426
Total Asia.
38,610
26
704
.
4
1
5,3a
.
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
4
585
35
11
11
67
535
10,185
5,704
5
5
3,573
1,000
10,000
3,600
6
62
9,636
1,029
2,522
4,952
15
164
29
22
2,852
9,472
1,000
2,500
2,005
11,319
25,285
776
41,310
515
10,295
30,291
13
10
3
46
1,787
46
500
59
507
20
9,613
5,116
:
Total Africa
Other countries:
Australia
All other
Total other countries.
International and regional
International
European regional
Latin American regional
28
48
27
4
2,
Hi
2,086
1,750
/V,67i
2,000
381
1,166
500
33
14
373
6,868
2,000
488
4,379
1
3,026
504
476
2,033
7,08i
975
195
1,416
304
4I6
298
1,000
62
6,356
613
533
300
8,059
300
257
6,969
533
1,720
714
1,000
105,868
3,239
45
700
103,414
3,239
7
122,313
633
100,028
45
122,313
21,100
547
638
100,028
60,288
860,783
53,346
29,327
323,359
395,499
i
4
14
2,293
280
:
Total international and regional.
Grand total
28
18
76
109,152
670,873
1/ For exclusions see headnote on page 86.
23
,
1,671
121
1,671
700
106,653
78
37,038
298,428
251,941
1
21,100
547
December 1964
103
.COEPOEAinOHS AHD CERTAIN OTHER BDSIHESS-TIEE ACTIVITIES.
The current financial atatementa of corporatlona and
statements of financial condition are published quarterly
certain other buslnesa-type aotlvltlea of the United States
Government vrtilch appear In the "Treasury Bulletin" beginning
and appear as Section
with the August 195^ Issue are compiled from reports subnitted to the Treasury under Department Circular No. 966,
were presented in the August I956 Bulletin.
Issued January 30, I956, and Supplement No. 1, Issued June
The regulations so Issued are pursuant to Section
1, 155^.
published semiannually, for June JO and December 3I reporting dates, and appear as Sections II and III. The first of
I
in the series of tables.
The first
data under the new regulations are for March 3I, 1956,
and
Statements of
Income and expense and source and application of funds are
ll4 of the Budget and Accounting Procedures Act of I95O
these statements under the new regulations cover the fiscal
and represent another step In the program
year 19 56, and were published in the January 1957 Bulletin.
Within the sections, the agencies are grouped in separate
(31 U.3.C. 66b),
of comprehensive and Integrated Government accounting and
financial reporting for which authority was provided In
that- act.
They supersede Budget-Treasury Regulation No. 3,
Issued under Executive Order No. S512 of August I3, 19^0,
as amended by Executive Order No. ^OSk of March
3,
19^2,
under which financial statements previously published In
the Bxilletln were submitted.
Department Circular No. 966 requires
submission of financial statements by all wholly owned and
mixed-ownership Government corporations specifically Included In the Government Corporation Control Act, as amended
In coverage,
(31 U.S.C. 6^G,
356);
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-producing nature, and activities and agencies whose operations
result In the accumulation of substantial Inventories,
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.
cial condition.
of funds,
They are statements of finan-
Income and expense, source and application
and certain commitments and contingencies.
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
The
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 which the
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government.
comprehensive reporting under Supplement No.
3O1
1957.
1 is
The first
for June
sni the data were published in the December 1957
issue of the Bulletin as Part B of Table
k-
In Section I.
A summary of loans outstanding for a series of dates
Is Included in Section I of the Bulletin presentation be-
ginning with the June I95S issue.
Four kinds of financial statements are called for by
Department Circular No. 966.
tables by type, as follows: public enterprise revolving
funds, intragovemmental revolving funds, certain other
activities, deposit funds, and trust revolving funds.
the loans are shown,
Two classifications of
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.
m
104
IreasuTy Ballet.
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
- Income and Expense for the Twelve Months Ended June 30,
Table 1.- Summary by Specified Classes of Activities
(In thousands of dollars)
Account
1964
4
:
December 1964
105
.COBPORATIOHS AKD CEPTAIH OTHER BOSmESS-TTPE ACTIVITIES.
Section
II
Income and Expense for the Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds
-
(In thousands of dollars)
Agriculture Department
Agency for International Development
Total
1/
Alliance for
Progress,
development
loans
Devel opment
loans
Development
loan fund
liquidation
account
Foreign
investment
guaranty
fund
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
2/
INCOME AM) EXFEMSE
Income
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums.
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, 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
2,522
Total other gains, or losses (-)
,
5,556
41,761
53,752
2,522
5,556
53,752
4,674
-111
35,608
1,359,021
128,665
300,302
405,070
100
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period....
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-),...
6
28
10,394
196
430,940
22,964 2/
1,496,946
2,435
23,456
4,628
196
5,368,993
38,512
-34,015
-135
-56,096
7,191
-2,517
-121,191
577
-172,613
577
-3,906,403
3,360
33,853
644,136
1,277
36,199
-1
before change in
valuation allowances
3,749
2,175,915
2,734,098
2,786,091
10,361
3,511,959
798,050
746,768
107,936
1,600,638
109,139
30,413
4,674
11,899,498
Other gains, or losses {-):
Charge-offs
Gain, or loss (-), on sale of fixed assets
Gain, or loss {-) , on sale of other assets
Other
Net income, or loss (-)
a, 635
607,572
421,078
17,555
123,861
8,165,708
Total income.
2,130,405
6,954,007
2,432
5,360
54,329
4,677
-34,015
-136
-3,227,092
-4,795
236,677
203,844
-78, 342
726
278,223
-51,255
273,519
2,050
353,195
-3,553,208
2,422
5,360
54,329
4,677
-35
517,246
-35
-2,709,846
-4,830
322
-17,809
-3,571,017
2,422
5,360
54,329
4,677
-2,709,524
-4,830
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
-8.840,122
-3,571,017
1,610
2,422
1,141
5,360
91,979
54,329
11,653
4,677
-8,156,011
-2,709,524
-88,536
-4,830
Balance at end of reporting period.
-8,972,503
4,032
6,502
16,330
-8,166,135
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Footnotes at end of Section III.
-107,283
3,545,920
2,699,400
{Continued on following page)
146,308 ^/
-93,366
Treasury Bulletin
106
.COKPORATIONS AND CERTAUJ OTHER BOSIMESS-TyFE
Section
Income and Expense for the Twelve Months Ended June 30, 1964
Table 2.- Publi c Enterprise Revolving Funds - (Continued)
II
-
(In thousands of dollars)
107
December 1964
.COBPORATIOHS AND CERTAIN OTHER BOSINESS-TXFE AJTiViTIBS.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Account
Treasury Bulletin
108
.COBPORAnOHS
MD
CEEa?Am OTHER BUSIKESS-1TPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Bnded June 30, 1964
Table 2.- Publl c Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
December 1964
110
Section
II - Income and Expense for the Twelve Months Enc
Table 2.- Public Enterprise Revolving Funds - (Cc
(In thousands of dollars)
:
December 1964
Ill
.COEPORATIONS AND CKRTAIN OTHER BUSINESS-TYEE ACi'lVlTUSS.
Section II - Income and Expense for the Twelve Months Ended June 30,
Table 2.- Public Enterprise Revolving Funds - (Continued)
1964
(In thousands of dollars)
General Services ^ministration
Trfeasury Department - (Continued)
Bureau of
Accounts
Accotint
Fund for payment of Government losses
in shipment
Office of the
Treasurer
Treasurer of
the U.S., check
forgery insurance fund
Expansion
of defense
production
Abaca
fiber
program
Reconstruction
Finance
Corporation
liquidation
fund
Housing and Home
Finance Agency
Expansion
of defense
production
Office of the
Administrator
College
housing
loans
INCOME AND EXPENSE
Income
Sales of goods and services
Interest:
On public debt securities
Other interest Income
31,577
2,^36
Guaranty and insurance premiums
Other major income items
Other income
553
Total income
553
33
41
2,436
131
2,925
131
34, 536
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) j 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 major expense items
Miscellaneous expense
Total expense
273
611
553
3U
553
Other gains, or losses {-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss {-) , on sale of other assets
Other
69U
-5
Total other gains, or losses (-)
Net income, or loss (-)
,
35,766
887
173
760
83
3U
-3,283
-3,283
before change in
valuation allowances
-339
Increase (-)» or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
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
-339
1,7^1
-3,161
-975
590
-975
590
765
-2,572
-13,985
-77,258
-4
-U,751
-339
49,190
-2,i74
-77,262
49,231
112
Section
II - Income and Expense for the Twelve Months End
Table 2.- Public Enterprise Revolving Funds - (C
(In thousands of dollars)
:
.
December 1964
.COEPORATIONS AUD CERTAIN OTBER BOSIHESS-TYEE ACTIVITIES.
Section
Income and Expense for the Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
II -
(In thousands of dollars)
Veterans'
Housing and Home Finance Agency - (Continued)
FNMA ( Continued)
Account
Management
and
liquidating
functions
INCO>E AMD
Federal
Housing
Administration
Public
Housing
Administration
Canteen
service
revolving
fund
Direct
loans to
veterans
and
reserves
EgENSE
ilncome:
I
1
I
49,797
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance pre mium s.
Other major income items
Other income
6,010
263,014
101
51,620
Total income.
'
61,378
4,022
51,520
12,670
286,694
1,058
635
101
30
924
5,715
49,927
62,302
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:
34
Work-in-process
Finished goods
Other operating expenses
61
2,403
Depreciation
Adioinistrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U
.
11
519
585
130
83,027
15,659
190,825
S
1,930
Treasury
Other
Other major expense items
Miscellaneous expense
38,932
Total expense
46,303
83.557
209.844
6
-44
19
-49
-117,916
34
652
_61_
/;.907
Other gains, or losses (-):
Charge-off s
on sale of fixed assets
Gain, or loss (-)
Gain, or loss (-), on sale of other assets
Other
-1,562
Total other gains, or losses (-)
-1,556
-117,960
3,761
85,177
-204,125
172
1,551
,
Net income, or loss (-)
,
before change in
valuation allowances
or decrease, in allowances
Increase (-)
for losses:
Allowance for losses
Allowance for losses
or collateral
Allowance for losses
Allowance for losses
Other
,
on loans
on acquired security
-77,902
on fixed assets
on inventories
137
-404
Net increase (-) , or decrease
allowances for losses
,
in
-404
-77,730
3,358
7,44b
-202,437
767
3,358
7,446
-202,437
767
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
119, ''34
1,143,871
7,446
-1,541,959
-202,437
Balance at end of reporting period.
108,092
for the period....
Net income, or loss (-)
Charges (-) , or credits, applicable to
prior years
,
, transferred to
accumulated net income, or deficit (-).
Net income, or loss (-)
1,6
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Footnotes at end of Section III.
3,358
-165
-15,000
-33,620
1,117,698
-1,744,560
Administration
lU
Treasury Bulletin
.COHPORATIOHS AHD CEKTAIK OTHER BOSHOSS-TYPE ACTIVITIES.
Section II - I
Table
i
,,
December
.
115
i%4
.CORPORATIONS
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Income and Expense for the Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
Section
II
-
(In thousands of dollars)
Federal Home Loan
Bank Board 15/
Revolving
fund
Federal Savings and Loan
Insurance
Corporation
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
Small
Business
Administration
Tennessee
Valley
Authority
Revolving
fund
United States
Information
Agency
Informational
media
guaranty
fund
INCOME AND EXPENSE
Income:
113,047
298,994
4,909
Sales of goods and services
Interest!
On public debt securities
Other interest income
Gxiaranty and insurance premiums.
Other major income items
Other income
14,3/12
2,471
750
25
137
15,780
Total income.
U,342
104,943
113,797
4,934
42,108
314,815
31,768
41
41,250
721
70,709
54
54
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 major expense items
Miscellaneous expense
Total expense
15,954
5,224
2,672
193,577
-111
-240
11,954
1,950
60
31
2,234
1,1&9
14,247
95
Net increase (-) , or de crease
allowances for losses
,
,
111.135
7.465
transferred to
or deficit (-).
209
1.92A
31
57.506
276.323
Balance at end of reporting period.
Footnotes at end of Section III.
656
-228
-56
-499
3,313
2,162
-228
2,453
-2,531
-17,851
38,492
-830
-4,477
-15,239
-UO
-296
-27
-1,383
-2A,151
72,874
2,162
-2,531
994
-500
-18
-4,104
95
73,868
1,662
-2,549
-28,255
416
95
902,458
73,868
133,068
1,662
-13,892
-2,549
-95,574
-28,255
391
221,338
95
-324
-6,300
-15,439
38,492
-1,154
65
38,492 13/
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
656
3,747
-2,409
-43
in
for the period,
Net income, or loss (-)
Charges (-) , or credits, applicable to
prior years
24,841
62,076
3,897
-56
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 income, or loss (-)
accumulated net income
16.579
before change in
,
5,2U
30,740 17/
10,950 16/
16,300
3,384
-499
Total other gains, or losses (-)
valuation allowances
1,139
1,189
389
4,749
13,428
Other gains J or losses {-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Net income, or loss (-)
46,221
5,652
12,673
353,842
38,492
-1,08
-20,359
-1,089
-40 206
,
903
1,197,663
750
134,730
-16,440
-123,828
352,128
-20,698
Treasury Bulletin
116
nnp-POBATrnwR njm (TRRTatn
fyrmRTR
RiTRTWRfK-TTPR AfiTT
:
I
:
117
December 1964
.COEPORATIONS
Section
MD
CERTAIH OTHER BUSIHESS-TTPE ACTTTITIES.
Income and Expense for the Twelve Months Ended June 30, 1964
3.Intragovernmental Revolving Funds - (Continued
Table
II
-
(In thousands of dollars)
Commerce
Department
(Continued)
Working
capital
HEW
Department
Defense Department
Office of
the Secretary
Air Force
Department
Army Department
Industrial
fund 12/
Corps of
Engineers
Defense
industrial
fund 12/
Industrial
fund 12/
2,970
10,222
404,576
768,968
304,342
2,970
10,222
404,576
768,'
307,794
252
224
1,103
1,199
1,304
8,217
89,455
24,945
238,271 20/
122,650
462,275
173,076 20/
fund
Navy
Department
Public Health
Service
Industrial
fund 12/
Service and
supply fund
INCOME AND EXFEMSE
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
Adrainistrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S,
Treasury
Other
Other ma j or expense items
Miscellaneous expense
11,953
.2,146,245
11,969
16
3,452
545 20/
71
12
1,159
4,576
287,880
6,656
418,015
1,212,758
486,319 20/
24,220
10,502
5,244
21
9,101
46
65
813
97
2,975
Total expense
2,146,245
10,137
402,683
768,503
303.529
2.141.312
11.921
Other gains, or losses (-):
Charge-off s
Gain, or loss (-)
Gain, or loss (-)
Other
,
,
-65
on sale of fixed assets
on sale of other assets
-9^
-160
Total other gains, or losses (-)
Net income, or loss (-)
before change in
,
valuation allowances
85
1,893
465
4,104
4,932
48
85
1,893
465
4,104
4,932
48
4.495
152
85
6,388
617
4,104
5.778
48
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
prior years
Net income, or loss (-)
accumulated net income
,
,
transferred to
or deficit (-).
846
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
409
-6
-17
85
4,421
6,388
1,269
617
-289
4,104
22,554
5,778
310
Balance at end of reporting period.
68
10,809
1.886
3.815
28,333
358
403
Footnotes at end of Section III.
(Continued on following page)
48
118
119
December 1964
.CORPORATIONS AHD CKRTAIN OTEER BUSmESS-TTPE ALTi'lViTIBS.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1964
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Account
120
December 1964
nn-RpnpflTTnw.ci
Aim
rihiw
Treasury Bulletin
122
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
Income and Expense for the Twelve Months Ended June 30,
Table 5.- Certain Deposit Funds
(In thousands of dollars)
1964
December 1964
123
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II -
Income and Expense for the Twelve Months Ended June 30, 1964
Table 6.- Certain Trust Revolving Funds
Treasury Bulletin
124
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
Income and Expense for the Twelve Months Ended June 30, 1964
Table 6.- Certain Trust Revolving Funds - (Continued)
II -
(In thousands of dollars)
:
December 1964
125
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30,
Table 1.- Summary by Specified Classes of Activities
1964
(In thousands of dollars)
Total
Public
enterprise
revolving
funds
(See Table 2)
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
7,801,044
984,763
6,673,804
984,756
474,240
390,317
100,470
131,477
38,814
131,354
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
9,491,994
8,219,045
18,156,686
438,467
9,615,252
184,126
Total funds applied to operations
23,087,146
18,018,424
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
4,591,660
247,494
16,164
4,205,692 26/
247,427
5,607
84,905
745,112
14,084
612,962
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
5,685,335
5,085,773
17,881,996
517,881
8,363,656
221,520
Total fxinds provided by operations
24,085,212
13,670,950
4,001,935
4,347,474
5,813,391
7,190,553
5,164,763
6,722,053
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
721,077
128,449
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
13,725,022
594,717
129,440
646,931
12,015,265
594,717
128,993
590,389
Total funds provided by financing
15,096,110
13,329,364
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.
312,262
Intragovernmental
revolving
funds
(See Table 3)
Certain
other
activities
(See Table 4)
::
Treasury Bulletin
126
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Agency for International Development
Total
1/
Alliance for
Progress,
development
loans
Development
loans
110,327
571,090
FUMDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
•...•.....
Cost of security or collateral acquired,.
Purchase, construction, or iTnprovement
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
FUNDS PROVIDED BY OPERATIONS
Realization 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 Ciovemment
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 (-))
6,673, 80i
98i,756
390,317
38,
8U
131,354
8,219,045
110,327
571,090
9,615,252
184,126
100
4,676
196
999
18,018,424
115,103
572,285
2,522
5,556
4,205,692 26/
247,427
5,607
14,084
612,962
5,085,773
8,363,656
221 520
,
13,670,950
2,522
4,347,474
112,580
5,164,763
6,722,053
375,000
FUNDS PROVIDED BY FINAMCINQ
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
128,449
2,500
Total Increase in investment of the U, S,
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
12,015,265
594,717
128,993
590,389
377,500
Total funds provided by financing
13,329,364
377,500
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
36,478
6,842,273
5,840
107,429
145,577
119.91?
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
7,257,510
353,336
492,140
878,904
264.920
Total funds applied to financing
8,981,890
264,920
Net effect of financing (excess of funds
applied (-), or provided)
4,347,474
112,580
Footnotes at end of Section.
::
December 1964
127
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Commerce Department
Agriculture Department - (Continued)
Account
Direct
loan
account
Emergency
credit
revolving
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired,.
Purchase, construction, or improvenient
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
3A6,016
113
50,6^6
1
86
18
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
3A6,213
50 665
1^,1^6
2.903
-^,735
Total funds applied to operations
363,263
55,AOO
261,965
62,115
100
19
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repa yment 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
,
2
211
Total realization of assets,,,,,
Capital stock issued to the public
Income
Decrease in selected working capital
262,278
62,183
U,856
2,2i5
Total funds provided by operations
307, 13^
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
110
56,129
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
56,129
Total funds provided by financing
56,129
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S,
Government
Appropriations lapsed, rescinded, or
transf erred
*.
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,
56,129
Agricultural
credit
insurance
fund
Rural housing
for the
elderly
revolving fund
Expansion
of defense
production
Aviation
war risk
insurance
revolving
fund
Area
Redevelopment
Administration
Area
redevelopment
fund
::
Treasury Bulletin
128
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III - Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Commerce Department - (Continued)
Inland
Waterways
Corporation
(liquidated)
Defense Department
Maritime Adminlstratic
Federal ship
mortgage
insurance
fund
Vessel
operations
revolving
fund
Defense Supply
Agency
War risk
insurance
revolving
fund
V
Air Force
Department
Defense production guaranties
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
7,221
2,072
Total acquisition of assets
Operating end other expenses (excluding
depreciation )
Increase In selected working capital
9,293
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
5,394
405
1,379
6,954
30
60
11,077
6,954
30
S454
870
2,424
264
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
752
Total funds provided by operations
307
-800
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
5,394
1,134
55
2,424
7,253
1,273
184
4,170
8,526
215
2,783
6,907
-1,572
-185
2,672
27
2,672
27
2,672
3,036
359
31
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
5,100
Total Increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease In Investment holdings
Decrease In selected cash and fxmd balances
2,040
Total funds provided by financing
.,nin
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 sxirplus 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
5,100
2,785
8,107
1,200
2,8i0
2,840
1,200
2,840
1,200
1,572
212
-800
6,907
-1,572
-185
1,572
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
(Continued on following page)
2; 672
::
129
December 1964
_ CORPORATIONS
Section III
-
AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Public Enterprise Revolving Funds - (Continued*
Table 2
(In thousands of dollars)
Health, Education, and Welfare Department
Defense Department
Continued)
(
Account
Navy
Department
Office of
Civil Defense
Defense
production
guaranties
Civil defense
procurement
fund
Food and Drug
Administration
Revolving fund
for certification and other
services
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Pxirchase, construction^ or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
12,483
89
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
12,488
Total funds applied to operations
12,530
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
42
10,808
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
10,
Total funds provided by operations...
11.434
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
e
627
1,095
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and siorplus 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
1,095
Total funds provided by financing
1,095
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transf erred
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)
61
Treasury Bulletin
130
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2
Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
:
December 1964
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Interior Department
( Continued)
Account
Virgin
Islands
Corporation
Expansion
of defense
production
Labor Department
Bureau of Employment Security
Advances to
unemployment
trust fund 2/
FUMDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of secxirlties 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
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.
953
960
9
5,993
960
287
35
39
,628
-
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
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,
Treasxiry
Repayment of capital and surplus advances
from the U, S, Treasury
Distribution of earnings to the U. S.
Treasxiry
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
Footnotes at end of Section.
239,705
956
,029
Total funds provided by operations...
Net effect of financing (excess of funds
applied (-), or provided)
239,705
3
326
287
::
132
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Department -
Accoimt
Office of
the Secretary
( Continued)
Civil
defense
loans
(
General Services
Administration 28/
Continued)
Bureau of
Accounts
Office of
the Treasurer
Fund for payment of Government losses
in shipment
Treasurer of
the U.S. , check
forgery insurance fund
Expansion
of defense
production
Reconstruction
Finance
Corporation
liquidation
Expansion
of defense
production
fund
Housing and
Home Finance
Agency
Office of the
administrator
College
housing loans
FUhmS 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
287,525
287,525
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
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
553
20
1,674
778
74,352
87,216
47,068
3U
573
1,674
778
161,572
334,593
350
225
36
63,054
35,131
69
Total realization of assets
Capital stock issued to the public
Income
,.,,,,,,.
Decrease In selected working capital
36
31
Total funds provided by operations
67
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
3U,
-59
35,131
419
225
63,054
553
2,439
28
131
811
34,536
49,231
2,974
553
37,598
1,361
34,761
115,258
339
20
-35,924
-582
126,811
219,334
550
50
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
127,000
Total Increase in investment of the U. S.
Government
Increase in other borrowings
Decrease In Investment holdings
Decrease in selected cash and fund balances
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.
550
50
550
50
60
10,000
21,150
146
14,750
60
35,900
146
10,000
211
30
24
436
4,939
60
211
30
35,924
582
14,939
-59
339
20
-35,924
-582
126,811
: :
133
December 1964
CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES,
section III
-
Months Ended June 30, 1964
Source and Application of Funds for The Twelve
(Continued)
Table 2.- Public Enterprise Revolving Funds (In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the Administrator - (Continued)
Account
Public
facility
loans
Public
works
planning
fund
Liquidating
programs
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
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
debt
Sale of securities other than public
and issues of wholly owned Government
55,106
14,849
55,106
14,849
5,361
50
268
60.A67
14,399
263
998
11,065
168
enterprises
Other
7,384
Total realization of assets
Capital stock issued to the public...
•
Income
Decrease in selected working capital.
11,065
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. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
S.
Total increase in investment of the U.
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
S.
Total decrease In investment of the U.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
7,334
A, 855
35
331
403
16,751
7,822
^3,716
7,077
2,000
4.8,000
48,000
2,000
43,000
7,077
'
Total funds applied to financing
funds
Net effect of financing (excess of
applied (-), or provided)
4,284
4,28-^
43,716
7,077
131
:
134
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(in thousands of dollars)
Housing and Home Finance Agency
FNW
(
-
Veterans' Administration
(Continued)
-
Continued)
Management
and
liquidating
functions
Federal
Housing
Administration
Public
Housing
Administration
Canteen
service
revolving
fund
Direct
loans to
veterans
and
reserves
Loan
guaranty
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
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
ent erprises
Other
56,563
456,756
629,539
29
1,957
36
504
196,882
126
42,871
270,505
56,591
631,498
456,792
504
197,007
313,376
i7,513
9,791
99,694
209,718
48,701
40,273
11.949
41,938
550
113,896
731,192
49,755
249,229
355,313
218,208
221,040
200, 62A
666,510
502,059
244,727
9
2
97
35
48
220,111
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
200,63-1
464, 888
502,156
35
218,208
221,040
51,620
286,694
23,052
5,716
9,432
49,927
63,323
43,811
13.965
Total funds provided by operations
252,254
774,634
517,304
49,962
231 531
278.816
U2
149,207
-207
-32.303
76,498
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
-138,359
-43,
.
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
212,489
310,000
13i,681
27,nnn
13A,681
522,489
Total funds provided by financing
197,279
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 siorplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
312,761
335,000
15,000
165
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
Total funds applied to financing
27,000
499,717
62,598
499,717
522,489
1.293
49.49i
1,293
76,498
6,202
1,500
27.000
327,761
341,367
1,500
27,000
373.283
1.500
32.303
149,207
-207
-32,303
6,923
953
293,304
138,362
111,493
24,500
7,416
335,638
543.159
-138,359
-43,442
5.303
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
(Continued on following page)
76,498
::
'
'
135
December 1964
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Veterans' Administration - (Continued)
Account
Servicedisabled
veterans
insurance
fund
Soldiers
and
sailors'
civil
relief
Veterans'
special
term
insurance
fund
Vocational
rehabilitation
revolving
fxrnd
Export-Import
Bank of
Washington
Regular
lending
activities
Farm Credit Administration
Bsnks for
Short-term
cooperatives
credit
investment
investment
fund
fund
Revolving
fund for
administrative
expenses 5/
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired.,
Purchase, construction, or inprovement
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
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 (-))
1,683
l,08i
398,394
2i9
3i
5,600
65,71i
16
1,698
1,093
3
6,96;
?4
19,33'^
,055
27
21,037
318
392
A64,U3
2i9
61,757
7,i77
2,741
2i9
533,377
2,741
218
680,986
13,926
iOO
330
8,339
28
35,656
1,005
3,767
36,992
-15,955
-712
23
181,675
2,750
152
218
1,235,161
2,902
110
30
-701,784
-161
5,490
440,900
Total funds provided by financing
23
6,630
30
23
6,630
30
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.
I
Footnotes at end of Section.
5,490
5,490
440,900
1,087,100
50,000
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Net effect of financing (excess of funds
applied (-), or provided)
13,926
1,053,486
218
440,900
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds applied to financing
5,600
372,500
12
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
Decrease in borrowings from the public
holdings
Increase in investment
Increase in selected cash and fund balances
5,600
1,137,100
22,585
712
712
22,535
-15,955
(Continued on following page)
30
5,584
161
13,926
1,142,684
161
13,926
-701,784
-161
5,490
-13,926
Treasury Bulletin
136
•
Section III
-
CORPORATIONS AHD CERTAIN OTHKR BUSINESS-TYPE ACTIVTTIES.
Source and Application of Funds for The Twelve Months Ended June 30, 1964
Table 2.- Public Enterprise Revolving Funds - (Continued)
:
137
December 1964
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
section III
-
Months Ended June 30, 1964
source and Application of Funds for the Twelve
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
Legislative
Branch
Agency for
International
Development
Government
Printing
Office
Acquisition
of property
revolving
fund
Total
1/
Agriculture Department
Agricultural
Research
Service
Working
capital
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
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 (-))
1,195
57
i2,380
1,195
57
7,935,168
96,360
134,330
7,794
1,912
207
1
8,074,409
143,319
2,120
4,330
4,954
52
A2,259
121
62,743
67,697
52
,187,646
162,346
144,311
,417,639
144,363
-343,280
-1,0U
40,000
10,000
40,000
10,000
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease In investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease In Investment of the U. S.
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
I
Footnotes- at end of Section.
53,832
93,832
275,000
20,861
6,732
295,861
6,732
141,251
4,312
437,112
11.044
-343,280
-1,0U
4,271
138
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
December 1964
-CORPORATTONS AND nKFiTATN
O'l'HUk PflTlRTTTRRq-TVPR
flnTTVTTTR'R
lAO
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Ui
December 1964
.
Section III
-
COEPORATIONS AND CERTAIN OTHER BUSHtESS-TYPE ACTrVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Account
General
Services
Administration
( Continued)
Working
capital fund
Veterans'
Administration
Civil
Service
Commission
Supply
fund
Investigations
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
103
107
115
115
103
173, Oi9
826
13,538
3,531
173,990
13,6il
3,5U
171,695
13,234
337
3,965
171,695
13,571
-i3i
2,29i
69
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decree se in investment holdings
Decrease in selected cash and fund balances
2,467
90
Total funds provided by financing
2,467
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
107
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 expenditxires
(excess of funds applied, or provided (-))
il3
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
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. Treasxiry
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 )
115
173
21
115
173
21
i3i
173
21
-i3i
2,29i
69
319
U2
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 4.- Certain Other Activities
(In thousands of dollars)
December 1964
U3
nnRPnTtATTDNR
flWD n-RT?rflTW riTTTKR
FTPINESP-TYPE AOTIVITTR'P!
144
_
,.,..
Section III
,
-
-CORPORATIONS AND CERTAIN
O'i'HKK
BUSINESS-TYPE ACTIVT:
Source and Application of Funds for the Twelve Month
Table 5.- Certain Deposit Funds
(In thousands of dollars)
:
)
.
U5
December 1964
-CORPORATIONS AND CERTAIN OTHER BUSHIESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
Defense
Department
Justice
Department
Home
Administration
Army
Department
Federal Prison
State rural
rehabilitation
funds
United States
Soldiers' Home
revolving fund
Commissary
funds. Federal
prisons
Agriculture
Department
Farmers'
Total
25/
Account
General
Services
Administration
System
National
Archives
trust 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
132,979
6,072
2
2
38
47
25
40
6,078
Total acquisition of assets
Operating and other expenses (excluding
deprec iat ion
Increase in selected working capital
183,068
655,612
13,038
1,227
Total funds applied to operations
FUMDS PROVIDED BY OPERATIONS
351,717
,30 5
292,261
6
5,399
6
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
10
10
292,276
5,415
534
Capital stock issued to the public
Income
Decrease in selected working capital
721,775
4,185
1,013,770
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
123
33
30
2,U9
487
1
3
134
2,490
516
128
2,479
519
16
128
2,479
535
-167,053
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
47,730
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
47,730
561,977
56,267
157
560
11
11
665,974
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.
43,270
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.
70,820
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
114,090
261,710
457,093
134
Total funds applied to financing
833,027
•
19
19
Net effect of financing (excess of funds
applied (-), or provided)
11
-167,053
_L
Footnotes at end of Section.
1,056
118
10
(Continued on following page)
-19
146
Treasury Bulletin
.
Section III
-
COKPORATIONS AMD CEHTAIN OTHER BUSIKESS-TIPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1964
Table 6.- Certain Trust Revolving Funds - (Continued)
,
.
December 1964
U7
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections II and III
1/
2/
2/
^
^
6/
7/
8/
2/
10/
11/
12/
13/
2Jt/
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 196^ Bulletin.
Includes operating and administrative expenses funds.
Includes interest expense of $3,375 thousand on capital stocky
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.
Included beginning June 30, 196<i.
The act approved July 19, 1963 (77 Stat. 8l) repealed the Inland
Waterways Corporation Act (<i3 Stat. 360). The loans of this Corporation are being liquidated by the Secretary of Commerce.
Office of Civil Defense, civil defense procurement fund, shown
under this heading on page 117 of the November 1964- Bulletin, did
not have any net income or expense during the fiscal year 196^.
Includes interest expense on advances from appropriations and on
paid-in capital,
Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
Includes unreimbursed costs of $28,976 thousand performed by other
agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for workmen's compensation and unenployment compensation for postal employees, 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 the 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, 1963, 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 196^.
The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
Includes $286 thousand representing claims paid on credit risk insurance
15/
16/
17/
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 124 of the November 1964 Bulletin, did not have any income
or expense during the fiscal year 1964.
Represents interest on the net direct investment of the United States
Government in this Corporation.
Represents interest on funds advanced to the Administration by appropriations
Represents net income of $58,183 thousand from power operations, and
net loss of $19,691 thousand from nonincome-producing programs during
the fiscal year 1964.
Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows: Office of
the Secretary, $1^1 thousand; Air Force, $228,738 thousand; Army,
$109,836 thousand; and Navy, $118,604 thousand.
Includes contractual services and other costs.
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (c)).
Represents rural housing and other loans, and salaries and expenses.
Represents current operating expenses, return of power costs, and
irrigation payout assistance which has to be provided out of revenue.
Includes allocation of revenue of $40,147 thousand to Corps of
Engineers.
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 1964 Bulletin. Certain other activities are included in
this Section only on a fiscal year basis at the present time.
Excludes noncash transactions amounting to $1,602,171 thousand
representing loans exchanged for commodities and other adjustments.
The net effect of operations on expenditures and net effect of financing, exclusive of foreign currency transactions, amounted to
$201,317 thousand.
Abaca fiber program, shown under this heading on page 120 of the
November 1964 Bulletin, did not have any funds applied or provided
during the fiscal year 1964.
Less than $500,
.
18/
12/
20/
21/
22/
22/
2A/
25/
26/
27/
28/
st-
U8
Treasury Bulletin
.CUMOLATIVE TABLE OF CONTENTS.
January through December 1964
Issue and page number
1964
Mar.
Reporting bases.
Apr.
May
II
Articles:
Treasury financing operations
June
July
II
II
II
II
Aug.
Sept.
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
10
11
Suimnaries;
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures.
Administrative budgeT^ receipts ana 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
Siumnary 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 1963.
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 redenptions of Government agency securities in
market ( net)
Interfund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
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, 1964)
Consolidated cash transactions (formerly 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
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
Account of the Treasurer of the United States;
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Summary of cash transactions through the Account of the Treasurer
of the United States
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 seciirities issued by Federal agencies but not
guaranteed by the U S . Government
.
Statutory debt limitation
Public debt operations
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition oi matured public marketable securities other than
regular weexly 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
10
11
11
10
10
12
12
10
10
11
11
12
12
10
10
10
10
11
11
12
13
11
12
13
14
11
12
13
13
14
11
12
11
12
12
12
13
10
11
U
13
15
13
14
15
13
13
14
12
15
14
16
14
15
16
17
17
18
16
14
14
15
13
15
16
16
17
18
15
16
16
17
18
19
13
14
15
15
16
17
13
16
21
18
16
22
16
22
19
17
23
19
17
24
25
23
24
20
21
18
19
24
25
20
21
18
19
23
25
22
20
26
26
26
27
26
26
27
23
23
24
21
21
22
27
27
28
23
23
21
24
22
27
28
27
22
28
24
25
26
21
15
20
16
21
17
13
22
23
19
24
17
18
21
19
20
\
23
24
19
20
26
26
27
22
22
23
20
20
21
25
25
26
22
23
24
27
21
22
23
26
27
28
21
29
29
24
25
26
24
28
29
30
29
23
24
25
}0
30
27
25
31
27
25
30
26
24
29
31
31
28
26
32
28
26
31
27
25
30
32
34
36
32
34
36
29
27
29
29
27
29
32
34
28
33
31
36
30
32
26
23
31
31
31
33
35
37
40
40
46
41
47
35
43
35
41
37
4t'
43
41
40
46
48
43
45
43
49
45
44
52
52
49
47
53
49
59
59
56
54
61
59
57
64
23
28
:
31
33
37
30
33
35
36
42
34
40
46
49
45
41
4Q
48
53
49
47
53
57
56
61
57
55
61
60
59
64
60
59
65
39
^
(
Continued on following page)
.
December 1964
U9
.CUMOLATIVE TABLE OF COMTEMTS.
January through December 1964
-
(Continued)
Issue and page number
196i
Jan,
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations. Series E and H combined....
Sales by States, Series E and H combined
Apr.
May
June
July
Aug
61
61
62
64
66
66
67
69
70
Sept.
Oct.
:
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
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 datei June 30, 196^)
63
63
64
66
63
63
64
66
67
60
60
61
63
58
58
59
61
66
66
67
69
70
62
62
63
65
62
62
63
65
61
61
62
64
67
67
63
70
71
71
67
69
64
62
67
68
69
70
64
65
62
63
66
64
66
65
71
72
66
67
65
66
73
68
67
66
65
72
73
66
67
66
72
73
74
68
67
74
78
65
:
69
78
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
73
75
79
81
71
73
68
70
77
79
72
74
71
73
82
84
72
74
71
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds..,.
76
77
82
33
74
71
72
81
75
76
74
75
35
36
75
76
74
75
78
79
79
84
85
85
86
87
76
73
77
77
73
79
74
74
75
76
77
78
78
79
76
77
77
78
79
77
78
76
77
77
78
79
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, 1964)
Exchange Stabilization Fund (latest date June 30,
Balance sheet
U. S. stabilization agreements
Income and expense
80
81
75
82
83
83
84
85
80
81
76
79
82
83
83
77
78
78
80
81
81
73
90
79
80
73
81
82
83
84
84
S5
1964-):
80
81
81
National bank reports:
Earnings, expenses, and dividends for calendar years 1959-63.,
International financial statistics:
U, S, gold stock, and holdings of convertible foreign currencies
by U, S, monetary authorities
U. S, TreasTiry nonmarketable notes and bonds Issued to official
institutions of foreign countries
U, S. monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and International institutions
Liabilities to foreign official institutions and International and
regional organizations
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,
latest month
Short-term liabilities and claims reported by nonfinancial concerns.
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 regulary reported,
Purchases and sales of long-terra securities by foreigners during
calendar year 1963
84
38
84
83
86
89
97
93
99
100
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date June 30, 1964),
expense (latest date June 30, 1964)
application of funds (latest date June 30, 1964),.
105
106
79
80
83
36
82
85
95
96
97
94
95
96
98
97
86
82
86
87
82
33
.39
92
101
102
104
105
91
82
91
83
92
85
83
97
97
98
10 ^
99
94
97
106
107
108
109
110
100
82
87
31
82
82
83
87
83
84
84
85
90
87
90
99
100
92
95
104
105
106
98
99
100
101
101
102
107
108
101
100
101
.
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
90
93
102
103
104
80
31
101
103
103
102
102
n
1
111
113
108
128
Treasury Department
POSTAQE AND FEES PAID
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON,
D.C.
U.S.
20226
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
Treas,
HJ
U.S. Treasury Dept.
10
Treasury Bulletin
.A2
1964
C.2
\
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us TREASURY
1
LIBRARY
0032024
@FedFRASER