Full text of Treasury Bulletin : December 1968

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J UN

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6 1972

TREASURY DEPARTMENT

AC4245

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TREASURY DEPARTMENT

THE DEPARTMENT OF THE TREASURY

U.S.

FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

W ASHINGTON,

D.C. 20226

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
STATES
SAVINGS

BONDS

December 1968

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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY

The Treasury Bulletin

is for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $13.50 domestic, $17.00 foreign.
Single copy price varies.

December 1968

CONTENTS

Treasury financing operations
Federal fiscal operations

H
1

Federal obligations

11

Account of the Treasurer of the United States

15

Monetary

18

statistics

Debt outstanding

19

Statutory debt limitation

24

Public debt operations

25

United States savings bonds

57

United States savings notes

61

Ownership of Federal

62

securities

Treasury survey of ownership of Federal securities

64

Market quotations on Treasury securities

69

Average yields of long-term bonds

72

International financial statistics

74

Capital

79

movements

Corporations and other business-type activities

104

Cumulative table of contents

150

Note:

Details of figures

may

not add to totals because of rounding.

Treasury Bulletin

II

Treasury Financing Operations
billion each and three 182-day issues and one 181-day issue of

T ax Anticipation Bills

On November 19 tenders were invited for $2.0 billion, or
thereabouts, of 203-day tax anticipation bills, representing an

additional amount of bills dated October

December

2,

to mature June 23, 1969.

24.,

1968, to be issued

They vail be acceptable

at face value in payment of income taxes due on June 15, 1969.

Tenders were opened on November 26 and totaled $4,379 million, of which $2,008 million was accepted.

discount rate was 5.489 percent.

The average bank

The limit for noncompetitive

tenders from any one bidder was $400,000 and they totaled $362
million.
All bidders were required to agree not to purchase or to
sell, or to make any agreements with respect to the purchase or

sale or other disposition of any bills of the issue at a spe-

cific rate or price, until after one-thirty p.m., eastern

standard time, November 26, 1968.
Any qualified depositary was permitted to make payment by

credit in its Treasury tax and loan account for bills allotted
to it for itself and its customers up to any amount for which

it was qualified in excess of existing deposits.

9-Month and One-Year Bills
On November 18 tenders were invited for $500 million, or
thereabouts, of 272-day Treasury bills, representing an additional amount of bills dated August 31, 1968, maturing August
31, 1969, and for $1 billion, or thereabouts, of 365-day Treas-

ury bills to be dated November 30, 1968, to mature November 30,
1969, both series to be issued December 2.

These issues were

to refund an equal amount of bills maturing November 30.

Ten-

ders were opened on November 22.
Tenders received for the 272-day bills totaled $1,337 million, of which $505 million was accepted, including $21 million

of noncompetitive tenders.

The average bank discount rate was

5.693 percent.
Tenders received for the 365-day bills totaled $1,973 million, of which $1,001 million was accepted, including $48 mil-

lion of noncompetitive tenders.

The average bank discount rate

was 5.567 percent.

13-Week and 26-VJeek Bills
Issues of regular weekly Treasury bills in November totaled $10.8 billion, replacing an equal amount of maturing bills.

There were three 91-day issues and one 90-day issue of $1.6

$1.1 billion each.

Average rates for

in the following table.

HI

December 1968

Treasury Financing Operations
bills may not be made by credit in Treasury tax and loan

accounts.

-

(Continued)

totaled $2,234 million.

(Details are shown on page 5U.)

No f ore -j_g n currency series securities were issued or re-

Foreign Series and Foreign Currency Series

deemed

^

November>

At the end of Noveraber foreign currency

Foreign series securities issued in November totaled $985

series securities outstanding totaled an equivalent of $2,131

million, consisting of twenty certificates of indebtedness and

million, and were denominated in Austrian schillings, Belgian

At

francs, German marks, Italian lire, Netherland guilders, and

one note.

Redemptions for the month totaled $453 million.

the end of November foreign series securities outstanding

Sote:

Swiss francs.

(Details are shown on page 56.)

Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.

...

December 1968
.FEDERAL FISCAL OPERATIONS
Table

1.

-

Summary

of Fiscal

(In millions of dollars)

budget receipts, expenditures and lending

Receipt-expenditure account
Fiscal year
or month

Net
receipts

if

Net
expenditures

2/

(l)-(2)
(2)

79,179r
92,470r
94,378r
99,657
106,572r
112,669r
116,813r
130,864r

1959
1960
1961
1962
1963
1964
1965
1966
1967

Surplus- or
deficit(-)

m
-10,274r
2,122r
-2,226r
-4,823r
-4,887r
-5,372r
-369r
42r
-3,736r
-19,471

;..

153,485

89,453r
90,348r
96,604r
104,480r
lll,459r
118,041r
117,182r
130,822r
153,299r
172,956

1969 (Est.).

179,382

182,308

-2,926

U.485

-5,840

12,220
12,087
11,870
19,0^5
11,711
19,470

14,864
13,695
14,311
15,19915,385
14,480

July
August. . ..
September.
October. .

ll,701r
13,188r
18,741r
10,733

Fiscal 1969 to date

54,364

H9,562r

w68p

1967- October...
November.
December.

1968- January .
February.
.

March
April
May
June p

.

8,645r
10,884r
12,363r

Loan account 1/

Loan
disbursements

_£!L
7,859
8,310
7,869
9,621

9,646
10,237
10,911
14,628
17,674r
20,022

Loan
repayments

_i£L
5,201
6,427
6,671
7,271
9,791
9,693
9,662
10,796
12,621
14,086

Net
lending
3/
-(4)*(5)

tSL_
-2,659
-1,882
-1,198
-2,351
145
-545
-1,249
-3,832
-5,053r
-5,936

n.a.

-2,100

1,581

1,240

-342

-2,644
-1,608
-2,44?
3,847
-3,674
4,990

1,890
1,718
1,867
1,611
1,970
2,070

1,301
1,030
1,256

13,953r
16,152r
16,016r
16,570

-2,254r
-2,963r
2,726r
-5,837

1,230
1,231
1,253
1,526

62,691

-8,327

5,240

4,247

Operations

.....

Treasury Bulletin

.FEDERAL FISCAL OPERATIONS,
Table

2.

-

Budget Receipts by Principal Sources
(In'millions of dollars)
Income taxes

Fiscal year
or month

Net
budget
receipts

U9,562r

1969 (Est.)

-.

4,016
4,230
4,815

11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
18,850
20,951

29,001
31,675
32,978
36,246
38,719
39,259
36,840
42,811
50,521
57,268

153,485

Net
total

Refunds

Withheld

79,179r
92,470r
94,378r
99,657
106,572r
112,669r
116,813r
130,864r

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p

Corporation

Individual

36,719
40,715
41,338
45,571
47,588
48,697
48,792
55, 446

5,079
5,400
5,893
4,869
5,851

61 526

7,845
9,526

,

68,692

18,092
22,179
21,765
21,296
22,336
24,301
26,131
30,834
34,918
29,889

Refunds

Net
total

Net total
income
taxes

782
685
810
773
757
808
670
761
946
1,232

17,309
21,494
20,954
20,523
21,579
23,493
25,461
30,073
33,971
28,657

54,028
62,209
62,293
66,094
69,167
72,189
74,253
85,519
95,497
97,349

34,800

116,630

819
477
4,123

5,219
5,869
8,907

729
543
4,397
4,242
650
7,292

8,880
6,170
7,798
13,630
4,456
14,866

81,830

179,382

1967-October
November
December

8,645r
10,884r
12,363r

4,172r
5,302
4,477

1968-January
February
March
April
May
June p

12,220
12,087
11,870
19,045
11,711
19,470

4,352

July
August
September
October

ll,701r
13,188r
18,741r
10,733

4,560
6,200

Fiscal 1969 to date.

54,364

298
162
351

70

3,800
1,100
697
7,687

1

71
43

913
588

94

4,399
5,392
4,785

4,224

8,150
5,627
3,401
9,388
3,805
7,574

940
650
4,439
4,339
763
7,412

211.

84
116
133
218

2,175
5,000
1,278

7.188
6,898
14,199
6,577

551

8,991

34,862

111
101

108
42
97
113
119

539
2,977

1,274
2,803
2,344
2,300
207

5,565
4,981

605
272
3,682
378

151
112
48
60

5,013
6,360
9,199
5,299

2,259
654
5,133
1,496

a, 305

4,937

371

25,871

9,542

5,801
5,508
4,045
5,566

4,804

538

Social insurance taxes and contributions

Employment taxes and contributions
Old-age, disability and
hospital insurance

Fiscal year
or month

,

8,379
10,731
12,204
12,412
14,314
16,532
16,915
20,206
27,328r
28,672r

83
89

96
142
139
166
192
228
282
263

8,296
10,641
12,109
12,271
14,175
16,366
16,723
19,978
27,046
28,409

1967-October.
November.
December.

1,359
2,451
1,483

1968- January
February.
March.
April. .

1,500
3,225
1,955
3,096
4,007
2,474

.

.

.

May
June p

.

.

263

594
636
684
777r
81 5r

Fiscal 1969 to date.

9,894

9,894

1

776
814

n.a.

Net
total

8,821
11,248
12,679
12,835
14,746
16,959
17,359
20,662
27,823
29,224

2,134
2,670
2,905
3,342
4,115
4,049
3,826
3,783
3,665
3,351

2,131
2,667
2,902
3,337
4,112
4,045
3,819
3,777
3,659
3,345

3,245

34,391

64

129
64

1,367
2,580
1,547

40
413
65

413
65

12
103
93
15
145
79

12
103
93
14
145
79

1,249
3,328
2,048
3,110
4,153
2,553

119
807

119
807

8
87

1,237
3,225
1,955
3,096
4,007
2,474
2,085
3,577
2,306
1,927

.

571
564
572

129

2,085
3,577r
2,306
1,927

525
607
571
564
572
593
636
683

525

607

1,359
2,451
1,483

July
August.
September
October
.

Net
total

n.a.

1969 (Est.)....

.

Net total

Net
total

Gross

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p

Unemployment insurance
Railroad retirement accounts

87r
77
18

190

39

51

50

149
843
45

148
843
44

115
618

114
618

77
18

2,093
3,664
2,383
1,944

190

10,084

(Continued on following page;

56

55

108

108

897

895

...

December 1968
FEDERAL FISCAL OPERATIONS
Table

2.

-

Budget Receipts by Principal Sources

-

(Continued)

(In millions of dollars)

Social insurance taxes and contributions-( continued)

Contributions for other
insurance and retirement
Fiscal year
or month

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p

Federal
SuppleFederal
Other
mental
employees employees
Medical
retirement retirement
Insurance

647
698

1969 (Est.).

10
10
12
12
13

759
756r
843r
861r
931
991
1,063
l,109r
l,200r

15

16
18
19
20

1,321
n.a.

Excise taxes
Miscellaneous excise taxes

Total

Net total
social
insurance
taxes and
contributions

768
767r
855r
873r
944
1,006
1,079
l,127r
l,865r
2,039

11,721
14,682
16,437
17,045
19,802
22,010
22,256
25,565
33,347
34,608

2,275

39,911

Gross

8,492r
9,119r
9,015r
9,672
10,005
10,304
11,011
9,362
9,461
9,819

Refunds

84
85
78
87
89
93
99
217
183
127

8,407
9,034
8,937
9,585
9,915
10,211
10,911
9,145
9,278
9,692

866

1967-October...
November .
December.

57
51
52

105
108
105

162

1,568
3,152
1,769

876
928
822

10

159
157

1968-January.
February.

58

198
149
158
195
180
195

1,566
4,283
2,256
3,453
5,175
2,792

827
652
851
863
901
832

19
36

-18
10

66
77

140
98
107
114
114
118

July
August. . .
September.
October. .

77
69
79
79

126
99
134
125

204
167
213
204

2,411
4,449
2,651
2,256

1,067
695
862
882

10
9
12
14

Fiscal 1969 to date.

304

788

11,767

3,506

45

.

March
April
May
June p.

.

.

51

476

Net
total

5

18

9

12

3,461

Highway trust fund

Gross

2,268r
Z, li.br

3,049r
3,080
3,405
3,646
3,782
4,037
4,652
4,493

Treasury Bulletin

-FEDERAL FISCAL OPERATIONS-

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

SBil

1955
Source: Internal Retenue Service collection reports

*
21

Includes undistributed depositary receipts

Included in "incise

and Monthly Statement of Receipts and Expenditures ol

and unapplied

Janes" above. Current year collections ol "Alcohol

lag behind total excise tax figures by one month.

Office of the Secretary of the Treasury

the

U

S.

Government

collections

and Tobacco

Tones",

and preceding year comparable peroids /derived from

Internal

Revenue Service

collection reports),

December 1968
.FEDERAL FISCAL OPERATIONS.
Table

3.

-

Budget Outlays by Agencies
(In millions of dollars)

Fiscal year
or month

1959
1960
1961
1962
1963
1964
1965
1966

Legislative
Branch

Judiciary

Executive
Office
of the
President

1967
1968p

116
124
131
151
145
148
162
181
240
255

61
64
73
76
86
91

56
56
70
29
23
23
24
26
28
28

1969 (Est.)

285

102

31

1967-Ootober
November
December

25

1968-January
February
March
April
May
June p

22
25

46
48
50
56

8
30
21
23

July
August
September
October

4
3

2

21
37
19
23

Fiscal 1969 to date

2
3
3
2

35

10

Funds appropriated
to the President

Net
lending

2,580
1,722
1,566
1,801
3,201
3,694
3,872
4,357
4,851
4,888

17
29
21
16

expend-

itures
1959

1960
1961
1962
1963
1964
1965
1966
1967
1968p

41,480r
43,082r
44,740r
48,301r
48,135r
49,563r
45,968r
54,l67r
67,453
77,196

1969 (Est.)

Net
lending

5

10
1
1

Total

expenditures

Total

2,580
1,722
1,566
1,801
3,201
3,694
3,889
4,385
4,872
4,903

Net
lending

6,263
4,566
5,103
5,909
6,904
7,088
6,374
5,158r
5,429r
6,932

266
276
281
393
429
370
421
356
412r
394

797

379

379
315

353
464
537

417
400
761
734
484
262
p«5

451

495
450
365
449

1,230
1,552
1,299

93
-10

1,759

1,758

4,667

136

4,803

312
523
350
463
537

494
450
364

Health, Education, and
Welfare Department
Net
expend
itures 1/

Civil
2/

41,472r
43,083r
44,740r
48,302r
48,139r
49,573r
45,969r
54,168r
67,453
77,190

792
886r
950
982r
1,103
l,130r
l,211r
1,278
1,310
1,287

Net
lending

3,089

Total
1/

3,089

3,399
3,680
4,209
20,247r
21,692r
22,727r
27,897r
34,320r
41,135

62
287
-87

2
1

2
2

3
5

-28
-27
-27
-21
20
32

2,972
3,460r
3,091r
3,360r
3,640r
4,270r
4,699r
4,633r
705r
756

51

37
21

44

3,400
3,681
4,210
20,249r
21,695r
22,732r
27,959r
34,608r
41,048

-173r
-62r
194
372r
423r
4l6r
626r
57 5r

678r
637

3,216

-35

3,181

1968-January
February
March
April
May
June p

6,891
6,164
6,069
6,832
6,902
7,115

6,891
6,163
6,070
6,831
6,902
7,115

101
79
75
85
79
124

3,233
3,298
3,559
3,429
4,365
4,102

14
18
22

3,247
3,316
3,581
3,409
4,374
4,120

142
32
50
17
36
78

5,543
6,449
6,438
6,768

5,543
6,449
6,438
6,769

98

6
15
13

3,527
3,771
3,764
3,790

147

125
113
170

3,521
3,765
3,749
3,777

14

1

3

4

62

4

108

81
14

104
51

5

57

276

91

1

92

14

599

76r

1

77r

39

1,270
1,645
1,289

53r
36r
105

3

55r

6

4

42r
109

269

13

283

25,198

25,198

506

14,812

40

14,851

Net
lending

1,241

1,250
230
681
-756
-133
39
2,281
2,105
3,451

46,420

(Continued on following page)

316

25

-123
52

101

885

79
67

Housing and Urban
Development Department
Net
expenditures

2,944
3,432r
3,064r
3,340r
3.660r
4,302r
4,749r
4,670r
726r
800

447
495
777
796

16

132

5

Total

lending

107

30

1,240

9
18

Net

800

96

6,357

-20

Net
expenditures

6,529
4,843
5,384
6,302
7,333
7,459
6,796
5,514r
5,841
7,326

430

76,045

Footnotes at end of table.

i

429

6,357

Fiscal 1969 to date.

51 a

7,167

1967<)ctober
November
December

July
August
September
October

:

5,188

Military
Net

Commerce Department

Net

Net
expendi tares

Defense Department
Fiscal year
or month

'iculture Department

Total

Net

Total

Tr

379

4

l,188r

137
447

9
15

Justice
Department

5a

19
17
16
22

382

245

146
462
539
300
685
694r
66lr
529
259

255
278
291
313
325
355
366
403
430

2,802

508

533

310

103

36

34
35
36

75
-247

115
-74
-344
88
76
-245

-196

-195

33

168
118
126

167
119
130

30
43

1,1.1.

424
l,054r
-333r
283r
665r
2,856r
2,783r
4,088

535

384
360
273
308
379

781

Net
expend-

lendim

352

188
139
161
293

81

Interior Department

392
310
257
272
301

111

336
164
38
345
882

282
669
672
657r
508
239

114
-75
-346

86

4
21
19

40
43
36

45

151

6

.

.......
..
,

)

,

December 1968
FEDERAL FISCAL OPERATIONS.
Table

4.

-

Undistributed Interfund Receipt Transactions
(In millions of dollars)

Fiscal year
or month

Federal employer contributions to retirement funds
Health, Education,
Civil Service
and Welfare Dept.
Commission

Federal old-age,
disability and
hospital insurance

Civil Service
Retirement and
Disability Fund

Othe

Defense
Department

Soldier's
Home

Total

i

i

innani int

Fund
1959
I960
1961
1962

748r
742r
874r
890
944
1,035
1,107
1.157r
l,254r
1,389

164
188
206
221
242
279
282
353
475
510

1963

1964
1965
1966
1967
1968p

1969 (Est. J...

1967-October.
November
December

40

1968- January.
February.
March.

28
55

.

28
29

April ....
May
June p.
.

.

July
August. .
September.
October.
.

.

.

Fiscal 1969
to date

Fiscal year
or month

.

Fiscal 1969
to date ...
Source:

See Table 2.
Less than $500,000.

7

46
60

15
20

125

131

19

2

1
2
25

8

156
177
170

36
35
338
12

2

2

28

6

72

538

712

Interest credited to certain Government accounts
Labor
Transportation Veterans Administrat ion
Department Department
Government
National
Life
Service
Insurance
Life
Highway
Unemployment
Fund
Insurance
Trust Fund
Trust Fund
Fund
187
188

14

39

2

39

204

2

38
36

-

3
29
1
5
1

8

1

24

2

1

(continued

Civil Service
Retirement and
Disability Fund

Railroad
Retirement
Board

14
34

35
34
34
33
30
37

251
280
316
362
420
432
546
625
709

109
lllr
112r
120r
114r
140r
155r
I61r
170r
179

44

33

190

7

220

810

1

18
161

4

1

21

2

7

5

1

19

1

4
3

31

Other

Total

Grand
total

2r
4

1,323
l,363r
l,413r
l,444r
l,485r
l,621r
l,780r
l,917r
2,275r
2,692

2,238r
2,296r
2,495r
2,558r
2,674r
2,939r
3,174r
3,431r
4,009r
4,596

3,042

5,121

10

58r
89
576

5

8

4

38

1
1

20

9
2

79
24

1

194r
285
705
204
238
168

3

5

5

75

231

194

31
586

8

123

100
1.509

277
1,679

12

34
100
24
58

203
281
179
265

214

926

1

10

3
2
23

30

169
172
175
174
175
176
182
191
198r
214

14
20
11

1

2

1
1

Civil Service
Commission

13

16
18
162

65
59r
64r
84

12
23

112
170

472

70
70
68

166
159

127

1969 (Est.)

July
August. . .
September
October.

528r
537r
511r
538r
582r
587r
721r

144

53

Federal
Supplementary
Medical
Insurance
Trust Fund

34
74r
61

51 5r

31r
35
334

43
36

173
191
213
255
309
380r
442

.

543

Federal
Hospital
Insurance
Trust Fund

135
196
129

169
181
155
207

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p

.

982

Federal
Disability
Insurance
Trust Fund

107
156
100

129

Indian
Tribal
Funds

1968-January.
February.
March. .
April.
May
June p. .

2,079

53

Interior
Department

1967-October..
November
December.

900

40

172

Federal Old-Age
and Survivors
Insurance
Trust Fund

915
933r
l,082r
1,114
1,189
l,318r
1,394
l,514r
l,734r
1,904

138
104
105
111
113
116

38
45
64

.

Interest credited to certain Government accounts
Health, Education, and Welfare Department

4
21

1

3

2

4

5

24

5

1

-1

15

4

2

2

44

35
p
r

Preliminary,
Revised.

18

8

December 1968
FEDERAL FISCAL OPERATIONS
Table

6.

-

Detail of Excise Tax Receipts
(In thousands of dollars)

First quarter
Gf fiscal year

Fiscal year
Type of tax
1966 1/

1967 1/

1968 1/

196? i

(July-Sept. 1967)

Alcohol taxes
2/
Distilled spirits
Wines
Beer
:

Total alcohol taxes
Tobacco taxes
Cigars
Cigarettes
Other 2/

:

2,809,777
112,57i
892,028

3,007,418
122,498
945,808

3,814,378

4,075,723

57,662
2,006,499
9,796

55,736
2,023,090
1,043

2,073,956

2,079,869

146,457

68,260

2,824,189
90,776

2,932,894
92,573
503,753
1,413,833
468,910
34,640
-1,329
-2,650
-758
4,176
-2,323
-1,349
-193
9,824
-461
-341
-1,042

2/

Total tobacco taxes

Documentary and certain other stamp taxes ij
Manufacturers' excise taxes
Gasoline 6/
Lubricating oil , etc
Tires, tubes, and tread rubber 6/
Passenger automobiles, chassis, bodies, etc. 7/
Trucks and buses, chassis, bodies, etc. 6/
Parts and accessories for automobiles, trucks, etc. 8/....
Radio and television sets, phonographs, components, etc.£/
Refrigerators, freezers, air-conditioners, etc. 9/
Electric, gas, and oil appliances $/
Pistols and revolvers
Phonograph records £/
Musical instruments %/
Sporting goods (other than fishing rods, creels, etc.) j>/.
Fishing rods , creels , etc
Business and store machines £/
Cameras, lenses, film, and projectors %/
Electric light bulbs and tubes 10/
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters 5_/
Matches jj/
:

Total manufacturers

'

Retailers' excise taxes
Furs
Jewelry, etc
Luggage, etc
Toilet preparations

Total retailers

'

excise taxes
:

4.81,803

1,492,225
460,069
196,546
-3,761
137
5,367
3,008
3,148
-1,512
2,317
7,894
6,745
1,064
16,230

27,806
378

24, 344

2,133
1,147

5,613,869r

5_

5,478.347

%j

excise taxes

Miscellaneous excise taxes
Admissions to theaters, concerts, etc. 11 /
Admissions to cabarets, roof garders, etc 11/
Club dues and initiation fees 12/
Telephone, wire, etc. and equipment service 13/
Transportation of oil by pipeline 14/
Transportation of persons 15/
Transportation of property (including coal) 14/
Use of safe deposit boxes 16/
Coconut and other vegtable oils processed 17/
Sugar
Diesel and special motor fuels 6/ 18/
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices - bowling alleys, pool
tables etc 16/
Coin-operated gaming devices
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds 6/
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
oleomargarine
Firearms transfer and occupational taxes
Interest equalizati on 19/
Foreign insurance

3,179
43,264
20,814
40,898

204
1,643

108,155

3,619

45,668
35,736

358
3,041
1,825
1,101,853

555

1,218

:

,

.

Total miscellaneous excise taxes
Total received with returns and from sales of stamps

Unclassified excise tuxes 20/
Total excise taxes

Footnotes on following page.

52,571
907,917
16

ft

139,624

170,323

115
1,902

33

51

17

102,932
159,326
1,341

104,203
182,147
1,340

574
16,498
705
5,689

93
16,680

104,240

108,178

572

5,624

3

7

63

73
19,898
15,762

25,653
2,775

1,603,364
13,360,179
37,932r

13,398,11-

1

(July-.

Treasury Bulletin
10

FEDERAL FISCAL OPERATIONS.
Footnotes to Table 6

Internal Revenue Service reports. The figures shown include
Source:
collections for credit to special accounts for certain island possessions. Floor stocks taxes are included with the related classes
of tax.
floor stock credits taken on
1/ Negative figures stem primarily from
certain of the taxes repealed by the Excise Tax Reduction Act of 1965.
2/ Releases showing details are published monthly.
repealed effective January 1,
1/ Chewing, smoking tobacco, and snuff,
1966, (Public Law 89-44).
Includes stamp taxes on deeds of conveyances, repealed effective
January 1, 1968, issues and transfers of bonds of indebtedness or
capital stock, repealed January 1, 1966, playing cards, repealed
June 22, 1965, and silver bullion, repealed June 5, 1963.
5/ Repealed effective June 22, 1965, (Public Law 89-44).
Collections reflect the provisions of the Highway Revenue Act of
1956, approved June 29, 1956 (23 U.S.C. 120 note).
2/ Rate 10 percent through May 14, 1965; 7 percent from May 15, 1965
through December 31, 1965; 6 percent January 1, 1966 through
March 15, 1966, (Public Law 89-44). Under Tax Adjustment Act of
1966, rate restored to 7 percent, effective March 16, 1966, (Public
Law 89-368), under the Revenue and Expenditure Control Act of June
28, 1968, (Public Law 90-364) rate (which was reduced to 2 percent
on May 1, 1968) restored retroactively, to 7 percent.
Automobile parts and accessories (except truck parts), repealed
effective January 1, 1966, (Public Law 89-44).
Refrigerators and
Air conditioners, repealed effective May 15, 1" 55
freezers, repealed effective June 22, 1965, (Public Law 89-44).
Sales of light bulbs for incorporation in arti jles upon which the

11/
12/
12/

u
V

tax was repealed effective June 22, 1965 (e.g. refrigerators), will be free of tax on and after such date. Tax on all
other light bulbs and tubes, repealed effective January 1, 1966,
(Public Law 89-44).
Repealed effective noon December 31, 1965, (Public Law 89-4-4).
Repealed effective January 1, 1966, (Public Law 89-44).
General and toll telephone and teletypewriter service reduced to 3 percent, January 1, 1966. Private communications services, telegraph
service, and wire equipment service, repealed effective January 1, 1966,
For general and toll telephone services and for
(Public Law 89-44).
teletypewriter exchange service, the rate of tax on amount paid on bills
first rendered on or after April 1, 1966 for services rendered after
January 31, 1966, is increased from 3 percent to 10 percent of the
amount paid (Public Law 89-368).
Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 U.S.C. 4292 note).
Repealed effective November 16, 1962, except on air transportation,
which was reduced to 5 percent.
Repealed effective July 1, 1965 (Public Law 89-44).
Repealed effective August 31, 1963.
Excludes diesel fuel not for use in highway vehicles.
Extended through July 31, 1969 by the Interest Equalization Tax
Extension Act of 1967, (Public Law 90-57).
Undistributed depositary receipts represent the amount of excise tax
depositary receipts issued, less the amount of depositary receipts
received with excise tax returns.
Less than $500.
Revised.

raanuf acturers

"UJ

Im
16/
17/
!£/

12/
20/

.

*
r

'

December 1968

11

FEDERAL OBLIGATIONS,
"Obligations" are

jthe

basis on which the use of funds is
1

controlled in the Federal Government.

They are recorded at the

point at which the Government makes

a

firm commitment to

acquire goods or services and are the first of the four key
events

— order,

delivery, payment,

—

consumption

terize the acquisition and use of resources.

wl

arac-

In general, they

consist of orders placed, contracts awarded, services received
and similar transactions requiring the disbursement of money.

of categories which are based upon the nature of the trans-

action without regard to its ultimate purpose.

All payments

for salaries and wages, for example, are reported as personnel
compensation, whether the personal services are used in current

operations or in the construction of capital items.

Federal agencies and firms often do business with one
another; in doing so, the "buying" agency records obligations,

and the "performing" agency records reimbursements.

In

The obligational stage of Government transactions is a

Table 1, obligations that are incurred within the Government

strategic point in gauging the impact of the Government's

are distinguished from those incurred outside the Government.

operations on the national economy, since it frequently repre-

Tables

sents for business firms the Government commitment which
stimulates business investment, including inventory purchases

and employment of labor.

Disbursements may not occur for

months after the Government places its order but the order

itself usually causes immediate pressure on the private
economy.

Obligations are classified according to

2,

3,

and 4 show on]y those incurred outside.

Obligation data for the administrative budget fund
accounts were first published in the September 1967 Treasury

Bulletin and the trust fund accounts were first published
in the October 1967 Bulletin.

Beginning with the April 1968

Bulletin, the data are on the basis of the budget concepts

adopted pursuant to the recommendations of the President's
a

uniform set

Commission on Budget Concepts.

)

12

Treasury Bulletin

FEDERAL OBLIGATIONS
Table

1.

Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, September 30, 1968
(In millions of dollars)

Gross obligations incurred

Object class
Outside
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel

Total

Within

'.-

9,092
1,476
645

701
645

Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent, communications, and utilities.
Printing and reproduction
Other services
Supplies and materials

515
69
7,091
7,179

167
346
198
56
1,792
2,622

540
1,299
713
125
8,883
9,802

Acquisition of capital assets
Equipment
Lands and structures
Investments and loans

3,421
1,048
4,752

576
49
80

3,998
1,097
4,832

Grants and fixed charges
Grants, subsidies, and contributions
Insurance claims and indemnities.,..
Interest and dividends
Refunds

7,686
10,783
4,174
224

218

7,904
10,783
4,655
224

Other
Undistributed U.S. obligations
Obligations incurred abroad
Unvouchered

-1,595
1,861
6

111
419

-1,484
2,281
6

Gross obligations incurred 1/

58,981

8 10

66,871

374
954

Source:
Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress.
Summary figures on this basis
follow.
(This data is on the basis of Reports on Obligations

Table

2.

-

received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.
Gross obligations incurred (as above)
Advances, reimbursements, other income, etc.
Net obligations incurred

.

.

$66,871
16,182
50,690

Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, September 30, 1968
(In millions of dollars)

December 1968

13

FEDERAL OBLIGATIONS

c

Treasury Bulletin

14

FEDERAL OBLIGATIONS,

c
a
a
u
>
o

O
O"

.... .

15

December 1968

ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance

The account of the Treasurer of the United States re-

in the Treasurer's

the same bank.

Account

On occasions, to the extent authorized by the

flects not only budget receipts and expenditures but also

Treasury, banks are permitted to deposit in these accounts

deposit fund, and public debt transactions.

proceeds from subscriptions to public debt securities entered

trust,

for their own account as well as for the account of their

The working cash of the Treasury is held mainly in
Treasurer's accounts with Federal Reserve banks and branches.

customers.

they are

The tax and loan account system permits the Treasury to

restored by calling in (transferring) funds from the tax and

leave funds in banks and in the communities in which they arise

loan accounts with thousands of commercial banks throughout

until such time as the Treasury needs the funds for its opera-

the country.

tions.

As the balances in these accounts become depleted,

In this way the Treasury is able to neutralize the

effect of its fluctuating operations on bank reserves and the

Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all

economy.
A detailed description of the Treasury's depositary system

banks whereby customers of banks deposit with them tax pay-

ments and funds for the purchase of Government securities.

may be found in the Annual Report of the Secretary of the

In most cases the transaction involves merely the transfer of

Treasury for 1955, pages 27 5-284.

money from a customer's account to the tax and loan account in

Table

1. -

Status of the Account of the Treasurer of the United States
(In millions of dollars)

Treasury operating balance
End of
fiscal year

Available
funds in
Federal
Reserve
Banks

Tax and loan
accounts in
special
depositaries

Gold
balance
in

Treasury

Total
operating
balance

Silver
balance,
coinage
metal,
coin, and
currency

In Federal

Unclassified
collections,

Reserve
Banks in
process of
collection

306
253

63
58

64
70
74 2/

93

Liabilities
In other
depositaries

Total
assets

429
375
335
441
313
360
320
252
266
190

5,451
8,092
6,769
10,509
12,116
11,036
12,610
12,407
7,75°

1/

100

Balance in
account of
Treasurer
of United
States

4,380
7,068
5,969
9,548
11,251
10,238

89

101
106
109
121
120
120
108

10,050
4,272
4,113

102
112
111

10,917

179
147
136
145
534
775

5,695
5,298

1,159
768

86

273
337
222
303
342
234
233
370
577
352

6,694

5,350
8,005
6,694
10,430
12,116
11,036
12,610
12,407
7,759
6,694

416

4,096

118

4,629

879

45

275

183

6,011

6,011

1,581
1,123

4,407
4,329

126
112

6,115
5,564

1,090
1,061

47

222
233

128
143

7,601
7,046

7,601
7,046

December.
1968- January
February.
March. . .
April. . .

1,153
1,197
581
1,035

111

111
111

1,036
967
934
909
833
768

158
180
129

956
1,074

7,241
8,908
5,420
6,519
5,293
5,298

124
49
34
50

May
June

5,977
7,601
4,727
5,372
4,225
4,113

8,821
10,359
6,847
8,442
6,506
6,694

8,821
10,359
6,847
8,442
6,506
6,694

July
August. ...
September.
October.
November.

1,113
916
1,036
1,086
47?

4,787
3,564
7,448
5,325
2,179

111
111
111
111
111

6,012
4,592
8,595
6,522
2,768

705
680
675

37
87

7,095
5,753
9,795
7,597
3,901

7,095
5,753
9,795
7,597

1959

I960
1961
1962
1963
1964
1965

1966
1967
1968
1966-Deceraber

1967 -Nov ember.

.

.

535
504
408
612
806
939
672
766
1,311
1,074

3,744
6,458
5,453
8,815
10,324
9,180

r

,i

110
111
111

11,469

Source: Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, there-

58
55

62

45

65

86

646
649

2/

256
331
630
214
352

39
27

210
304
316
269

112

247

335

101
190
131

90

170
133
125

87
75
79

3,901

fore, are no longer liabilities within the general account of the
Uncollected items, exchanges, etc., also previously shown
Treasurer.
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.

Treasury Bulletin

16

ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table

2.

-

Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)

Balance

Savings
bonds
and
savings
notes 2/

2,668
2,679
2,787
2,725
2,699
2,760
2,635
2,704
2,783

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968

2,673

1967- November.
December.

May
June
July
August.
September.
October.
November.
. .

.

Withheld.
excise,
and corporation 4/

Tax
anticipation
securities

7,581
7,784
7,613
5,898
2,963

2,340
7,368
7,643
9,538

13,164
7,920
1,788
3,774
3,830
2,014
1,627
1,173
9,576

213
201
272

1968- January.
February
March.
April.

Retirement
plan and
tax and
loss
bonds 3_/

2,470

2a

4,075

221
220
224
206

3,131

230
222
195
216
197

During period

Taxes

Proceeds from sales of securities 1/

Fiscal year
or month

3,853

2,646

2,904

Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
I
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own 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.
United States savings notes first offered for sale as of May 1, 1967.
Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning

income (by
special
arrangement) %/

Total
credits

Withdrawals

62,994
54,782
56,847
53,076

End of
period

High

Low

Average

8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
9,979
8,004

912
1,390
1,161
1,531
2,535
1,577
1,844
447
710
1,029

3,638
4,103
4,151
4,457
5,325
4,747
5,431
4,324
3,775
4,191

58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
91,382
112,583

56,085
59,421
58,540
75,338
97,160
112,741

3,744
6,458
5,453
8,815
10,324
9,180
10,689
10,050
4,272
4,113

5,891
9,278

6,104
9,479

6,868
9,557

4,407
4,329

4,711
5,542

3,479
1,266

4,222
3,368

5,662

6,654
9,964
8,388
7,367
11,605

8,404
10,970
10,188
8,609
10,722
11,812

6,757
9,345
13,061
7,964
11,869
11,924

5,977
7,601
4,727
5,372
4,225
4,113

5,977
8,004
7,342
5,372
5,966
6,975

1,611
3,212
3,305
1,029
4,225
1,886

3,816
5,636
4,755
2,766
5,146

8,299
8,125
12,304
7,533
8,450

12,383
10,994
12,500
10,654
8,647

11,709
12,217
8,616
12,777
11,793

4,787
3,564
7,448
5,325
2,179

6,401

1,551
3,564
1,172
3,471
1,411

4,486
4,309
3,713
5,082

5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522

29 , 190

33,059
34,511
37,519
41,267
43,580
42,475
48,478
70,524
90,791

9,257

5/

%

*

5,389
7,448
6,952
5,135

3,697

3,211

March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; and all corporation income taxes due on or after
March 15, 1968.
Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This procedure
was discontinued in April 1967.
Less than $500,000.

,

..,.
.
,

.

December 1968

17

.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

Fiscal year
or month

Deposits and withdrawals (budget
and other accounts)
Cash
deposits

Cash withdrawals 1/

Excess of deposits,
or withdrawals (-)

Net cash borrowPlus:
ing, or repayment of

Clearing
accounts
2/

Total net
transactions

borrowing (-)

Equals: Treasurer's
account balance, increase, or decrease (-)

81,612
94,862
96,897
105,911
114,454
121,562
125,464
141,095
163,036
165,086

93,736
93,817
97,774
112,188
118,477
124,047
126,395
142,191
164,591
184,581

-12,124
1,044
-877
-6,278
-4,023
-2,485
-931
-1,095
-1,555
-19,495

-306
309
-510
1,259
1,039
-1,491
-584
-1,075
654
-2,095

-12,430

1967-November
December

12,282
12,130

16,529
12,289

-4,248
-159

183
-581

-4,065
-740

4,124

59

185

-555

1968- January

13,284
14,383
12,746
18,796
14,103
19,597

14,558
17,516
15,001

18,466
14,042

-1,274
-3,133
-2,255
4,182
-4,363
5,555

-284

February
March
April
May
June

-594
-94
-932

-1,558
-2,348
-1,942
3,589
-4,457
4,623

3,333
3,886
-1,570
-1,994
2,521
-4,435

1,775
1,539
-3,512
1,595
-1,936
188

July
August
September
October
November

15,356
18,520
12,031
14,324

17,686
18,540
14,710
17,520
16,611

-3,784
-3,184
3,810
-5,489
-2,287

-344
-556
453
-815

-3,060
-3,527
3,255
-5,036
-3,103

3,461
2,185
787
2,838
-593

401
-1,342
4,042
-2,198
-3,696

74,133

85,067

-10,934

-537

-11,471

8,678

-2,793

1959
I960
1961
1962
1963
1964
1965
1966
1967
1968

13 ,902

Fiscal 1969 to date.

U,614

Figures
Source: Actual figures are based on the daily Treasury statement.
in the first four columns of this table may differ somewhat from those
originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.

Table

4.

-

1,353

-1,387
-5,018
-2,984
-3,975
-1,515
-2,171
-901
-a, 590

785
313

725

1/

2/

-4,399
2,654
-1,311
3,736
1,686
-1,030
1,575
-203
-4,648
-1,065

8,032
1,301
76
8,755

4,670
2,895
3,089
1,968
-3,747
20,525

Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.

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

19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
13,733.2 4/
13,159.1
11,981.6

19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
13,626.4
13,041.3
11,869.6

105.4
101.0
117.8
126.0
120.1
156.7
106.8
117.8
112.0

1967-November
December.

12,907.7
11,981.6

12,781.4
11,869.6

126.3
112.0

1968-January. .
February
March
April
May
June

11,984.0
11,882.3
10,484.0
10,484.1
10,384.0
10,366.9

11,872.7
11,772.7
10,372.6
10,372.6
10,272.6
10,255.6

111.4
109.6
111.4
111.4
111.4
111.3

10,366.9
10,367.0
10,367.0
10,367.0
10,367.0

10,255.6
10,255.6
10,255.6
10,255.6
10,255.6

1959
1960
1961
1962
1963

1964
1965
1966
1967
.

.

July
August.
September
October.
November.
.

.

.

Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises gold certificates held by the public and in Federal Reserve
Banks, the gold certificate fund - Federal Reserve System, and gold
deposited by and held for the International Monetary Fund. Prior to
March 1968 also includes (1) reserve of #156.0 million against United
States notes and through June 30, 1961, Treasury notes of 1890 and

Source:
1/
2/

3_/

4/

111.3
111.4
111.4
111.4
111.3

(2) the redemption fund - Federal Reserve notes (Pursuant to P.L.
90-269 approved March 18, 1968, this fund was combined with gold
certificate fund - Federal Reserve System)
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.
The United States payment of the $258.8 million increase in its gold
subscription to the International Monetary Funr , authorized by
P.L. 89-31, approved June 2, 1965 (79 Stat. 119) was made in June 30,
5

1965.

18

Treasury Bulletin

MONETARY
Table

1. -

Money

STATISTICS,
Circulation

in

(In millions of dollars except per capita figures)

Currencies no longer issued
End

jf

fiscal year
or month

1959
1960

Federal
Reserve
bank
notes

National
bank
notes

110
100

57
56

92

54
53

85

73

1963

37
36
22
21
21
21

73
68
L96i

64

1967
1968

61
59

1966-xJeCu;:.Dei'.

.

1967-October. .
November.
Dec?

-January...
February.
March
April

May
June
July
August.
September.
October.
. .

.

End of
fiscal year

1959
1

ii

1961

1962
19'

L964

1965
1966
1967

60
60
60

_

31
30
30
29
20
19
13

4
4

4

21
21
21

60

21

59
59
59
59

21

59

21

59

21

59

a

58
58

21
21

21
21

Standard
silver
dollars

Federal
Reserve
notes 3_/

Treasury
notes of
1890

United
States
notes
316
318
318
318

Federal
Reserve
notes 4/

Total
currencies

299

558

305

39,231

40,183

379

303
304
306

39,851
40,831
41,545

40,618
41,597
42,308

366
361
298
284
266
225

299
296
297
297

40, 143

298
299

40,135
40,569
40,818
41,322
41,722

40,893
40,877
41,248
41,484
41,971

225
225
225
225

302
303
304
304

41,982
42,291
42,229
42,542

37
37
36
36
18
13

4
1
1
1

319
321
302
303
300

•'

42,331
42,593
42,904
42,842
43,155

Fractional
coin

Total
coin

Total
money in
circulation _£/

1,929
2,033
2,133
2,293
2,466
2,723
3,180
3,732
4,160
4,827

2,215
2,338
2,462
2,652
2,873
3,205
3,662
4,264
4,641
5,309

31,914
32,065
32,405
33,770
35,470
37,734
39,720
42,554
44,712
47,640

180.20
177.47
176.45
180.98
187.30
196.41
204.14
216.10
224.55
236.82
225.45
227.20
232.21
235.84

Money in
circulation
per capita
(in dollars) 6/

482

3,998

4.480

44,663

1967-October...
November.
December.

482
482
432

4,321
4,333
4,436

4,803
4,865
4,918

45,421
46,463
47,226

1968- January.

482
482
482
482
482
482

4,445
4,487
4,567
4,656
4,749
4,827

4,927
4,969
5,049
5,137
5,231
5.309

45,819
45,846
46,297
46,621
47,202
47,640

228.69
228.65
230.73

482
482
482
482

4,904
4,967
5,016
5,083

5,385
5,449
5,498
5,565

47,979
48,353
48,340
48,719 2/

238.27
239.89
239. 60r
241.27

.

.

April

May
June

July
August
September.
October.
.

Source:
Circulation Statement of United States Money through December 1965;
thereafter, Statement of United States Currency and Coin.
Excludes gold certificates, Series of 1934, which are issued only to
1/
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934*
Issued prior to July 1, 1929.
3_/

4/

V
6/

2/
*

•
'

29,726
29,943
31,117
32,592
34,529
36,058
33,290
40,071
42,331

1966- December.

February
March

V

26,992
27,057
27,316
28,586
30,274
32,338
34,820
37,315
39,289
41,722

2,155
2,127
2,094
2,009
1,847
1,723
829
582
395
225

376
371

21

432
482

1968

itei

Silver
certificates

u3

235
305
329
360
411
482
482
482

I

Gold
certifi-

Currencies presently
being issued 1/

232.15
234-84
236.82

Issued on and after July 1, 1929.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population. Beginning
fiscal 1959 estimates include Alaska, and fiscal I960, Hawaii.
Highest amount to date.
Less than $500,000.
Revised.
r

....
...

.

,

December 1968

19

DEBT OUTSTANDING
Table

1.

-

Summary

of Public Debt and

Guaranteed Agency Securities

(In millions of dollars)

Interest-bearing debt

Total outstanding

Matured debt and debt bearing no interest
Public debt

End of
fiscal year
or month

Public
debt 2/

Guaranteed
securities

Public
debt

Total

2/
284 ,817
286 ,471
289 ,211
298 ,645
306 ,466
312 ,526
317 ,864
320 ,369
326 ,733
348 ,L47

284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
326,221
347,578

.

329 ,814

X967-November
December.
1968- January.

Guaranteed
securities

2/

Special notes to
International
Monetary
fund

International
Development
Association

476
445
349
438
310
295
292
308
284
254

1,979
2,238
2,496
2,667
2,922
3,289
3,167
3,614
3,328
2,209

58
115
129
142
138
64

266

3,669

25

y

InterAmerican
Development Bank

Other
1/

301,954
307,357
313,113
315,431
322,286
344,401

110
139
240
444
605
812
589
460
512
568

2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
3,935
3,178

325,516

325,021

494

4,298

544
545

342,114
341,738

341,570
341,194

544
545

3,520
3,470

3,520
3,469

270
260

2,937
2,892

313
317

346,259
351,556
349,473
346,984
352,294
347,578

554
552
561
561
569
569

343,365
348,865
346,696
344,176
349,471
344,969

342,812
348, 314
346,136
343,615
348,902
344,401

553
551
560
561
568
568

3,448
3,242

253
267
226
275
300
254

2,878
2,658
2,638
2,619
2,614
2,209

317

3,392
3,178

3,447
3,242
3,337
3,370
3,392
3,178

351,078
354,356
354,743
357,194
356,863

574
572
580
593
603

348,514
351,780
352,173
354,648
354,497

347,940
351,209
351,593
354,056
353,894

573
571
580
592
603

3,138
3,148
3,150
3,139
2,969

3,138
3,148
3,150
3,138
2,968

240
265
267
263
258

2,197
2,182
2,182
2,175
2,010

Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation.
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)

3/

1959
I960
1961
1962
1963
1964
1965
1966
1967
1968

1966-December

.

February
March
April
May
June

.

.

July
August...
September,
October. .
November.

111
140

569

281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
344,969

329,319

495

345,634
345,208

345,090
344,663

346,813
352,107
350,033
347,545
352,863
348,147
351,652
354,928
355,324
357,787
357,466

Table

2.

-

240
444
607
813
590
462
512

Computed

281,833
283,241
285,672
2 C>4,442

Interest Charge and

3,337

4_/

5/

2,873
3,090
3,299
3,759
3,906
4,356
4,161
.

3,935
3,178

Guaranteed
securities 3_/
(matured)

417
407
396
55

125
150
150
132

420
480
414
359
^23

715
338

'

476
478
715
701
700
701
700
700

Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C. Armory Board stadium bonds.
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.

Computed Interest Rate on Federal

Securities

(Dollar amounts in millions)

Total interest-bearing securities

End of
fiscal year
or month

Amount
outstanding
Public debt
and guaranteed securities 1/

Computed annual interest rate

Computed annual
interest charge

Public
debt

Public debt
and guaranteed securities 1/

Public
debt

Public debt

Total
interestbearing
securities

Marketable issues
1

Total
public
debt

Total
2/

Bills
1/

Certificates

2.829
3.122
3.344
3-471
3.642
3.655
3.686
3.681

2.628
2.681
3.144
3.500
3.658
3-782
3-660
3.632
3-756
3.818

4.584

3.666

3.742

3.765

3.726

4.980
5.135

5.073
5.073

3.689
3.689

3.821
3.817

3.922
3.932

779
786

5.259
5-324
5.360
5.479
5.638
5.711

5.073

3.689
3.687

5.140
5.151
5.294
5.294

3.687
3.687
3.681

3.822
3.830
3.837
3.850
3.863
3.876

3.905
3.930
3.930
3.962
4.012
4.133

3.792
3.795
3. 803
3.806
3.817
3.818

5.635

5-429
5.429

3.681
3.680
3.680

3.873
3.870
3.879

4.13«
4.162
4.159

3.809
3.810
3.806

5.620
5.645

5.434
5.489

3.680
3.688

3.926
3.944

4.147

3.813

281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401

8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
12,972
15,426

8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
12,953
15,404

2.867
3.297
3.072
3.240
3-361
3.561
3.678
3.988
4.039
4-499

2.867
3.297
3.072
3.239
3- 360
3.560
3-678
3.988
4.039
4-499

2.891
3.449
3.063
3.285
3.425
3.659
3.800
4-134
4.165
4-757

3.316
3.815
2-584
2.926
3.081
3.729
4- 064
4.845
4.360
5-711

2.842
4.721
3.073
3-377
3.283

1966-December.

325,516

325,021

13,665

13,646

4.225

4.225

4.459

5.538

5.250

1967-November.
December.

342,114
341,738

341,570
341,194

14,47S
14,574

14,458
14,554

4.258
4.292

4.258
4.292

4.457
4.505

1968-January.
February.
March
April
May
June

343,365
348,865
346,696
344,176
349,471
344,969

342,812

346,136
343,615
348,902
344,401

14,743
15,133
15,058
15,033
15,556
15,426

14,722
15,112
15,037
15,011
15,534
15,404

4.322
4.366
4.371
4.395
4.480
4.499

4.552
4.609
4.615
4.644
4.756
4-757

348,514
351,780
352,173
354,648
354,497

347,940
351,209
351,593
354,056
353,894

15,653
15,925
15,923
16,079
16,177

15,631
15,904
15,901

4-521
4.557
4.551
4.565
4.595

4.322
4.366
4.371
4.395
4. 480
4-499
4-521
4-557
4.551

4.822

4.565
4.595

4.830
4-873

July
August.
September.
October. .
November.
.

.

Footnotes at end of Table

5.

3K

16,057
16,154

i/

2.694
2.772
2.803
2.891
3.003
3.238
3.372
3.693
3.854
4-133

281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
344,969

348,

Guaranteed
Sj ecial securiissues
ties

2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
3.745
3.876

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968

.

NonmarketTreasury able
bonds
issues IJ

4.784 5.740
4.833 5.677

4.851
5.250

3.304
4.058
3.704
3.680
3.921
3.854
3.842
4.321
4.764
5-294

2.619
2.-639

3.681

Treasury Bulletin

20

DEBT OUTSTANDING
Table

3.

-

Interest-Bearing Public Debt
(in millions of dollars)

Public issues

End of
fiscal year
or month

Total
interestbearing
public
debt

281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968

1966-December

Nonmarke table

Marketable
Total
public
issues

Total

237,078
238,342
240,629
249,503
257,153
260,729
264,463
264,311
266,131
284,874

178,027
183 ,845

187,148
196,072
203 , 508

206,489
208,695
209,127
210,672
226,592

Bills

Certificates

32 , 017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
58,535
64,440

33,843
17,650
13,338
13,547
22,169

5,919

1,652
5,610

Notes

Treasury
bonds 1/

27,314
51,483
56,257
65,464
52,145
67,284
52,549
50,649
49,108
71,073

84,853
81,297
80,830
75,025
81,964
88,464
102,481
101,897
97,418
91,079

Treasury
bonds,
savings investbonds
ment
series
U.

59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
55,459
58,282

S.

50,503
47, 544

47,514
47,607
48,314
49,299
50,043
50,537
51,213
51,712

8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
2,589
2,516

Depositary
bonds

183
170
117
138
103
103
59

44
45
30

Foreign
series
securities 2/

860
648
392
1,132
817
624
2,001

Foreign
currency
series
securities 2/

75

630
832
1,137
957
890
1,740

Other

19
25

29
68
141
137

97
282

Special
issues

44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
56,155
59,526

.

325,021

273,028

218,025

64,684

48,271

99,151

55,003

50,752

2,656

45

593

860

96

1967-November.
December.

341,570
341,194

284,198
283,960

226,081
226,476

69,453
69,870

61,360
61,362

95,268
95, 244

58,118
57,484

51,588
51,581

2,559
2,555

44
44

2,587
1,944

1,200
1,200

141
160

57',

1968-January.
February.
March
April
May
June

342,812
348, 314
346,136
343,615
348,902
344,401

286,882
291,072
289,425
286,658
289,746
284,874

229,285
233,273
231,651
228,718
231,761
226,592

72,706
72,905
71,300
68,589
69,587
64,440

61,365
66,719

57,597
57,799
57,774
57,939
57,985
58,282

51,589
51,629
51,642
51,648
51,693
51,712

2,553
2,552
2,545
2,527
2,517
2,516

31
31
31
31
31
30

1,852
1,995
1,844
1,876
1,866
2,001

1,390
1,390
1,490
1,615
1,615
1,740

182

66,534
71,070
71,073

95,214
93,649
93,623
93,596
91,104
91,079

201
221
242
263

July

347,940

289,055
291,139
291,898

230,977
233,167
233,556
236,651
235,653

68,858
69,366
69,779
72,996
73,003

71,075
75,426
75,430
75,329
76,481

91,044
88,375
88,348
88,326
86,169

58,078
57,973
58,342
58,567

51,732
51,777
51,789
51,848
51,923

2,514
2,510
2,507
2,492
2,489

30
30
30
30
30

1,582
1,337
1,673
1,702
2,234

1,931
2,005
2,005
2,131
2,131

.

August.
September.
October. .
November
.

.

.

351,209'

351,593
354,056
353,894

295, as

294,848

66,727-

Source: Daily Treasury statement.
years 1959-60.
1/ Includes $50 million of Panama Canal bonds for fiscal
Consists of certificates of indebtedness, Treasury notes beginning
2/
sold to
September
1964,
beginning
January 1963, and Treasury bonds
foreign governments for U. S. dollars.
certificates of indebted2/ Consists of the dollar equivalent of Treasury

Table

4.

-

(J

59,195

372

57,234

282

55,930
57,242
56,711
56,957
59,156
59,526

289
314

58,885
60,069

338
364
388

59,695
58,838
59,047

beginning
ness; Treasury bonds beginning October 1962; and Treasury notes
November 1966 issued and payable in designated foreign currencies.
series
Administration
Includes Treasury bonds, Rural Electrification
beginning July 1960; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1963; Treasury bonds beginning
January 1964; and U. S. savings notes beginning May 1967.

Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In millions of dollars)

End of
fiscal year
or month

51,993

1/

.. ..
,
.

December 1968

21

DEBT OUTSTANDING.
Table

5.

Special Public Debt Issues

-

(In millions of dollars

End o-f
fiscal year
or month

Exchange
Stabilization
Fund

Total

1959
1960
1961
1962
1963
1964
1965
1966
1967
1968

44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
56,155
59,526

1966-December.

51,993

891

1967-November
December.

57,372
57,234

800
836

1968-January.
February
March
April
May
June

55,930
57,242
56,711
56,957
59,156
59,526

903
922
652
840
781
722

.

July
August.
September.
October. .
November .
.

.

58,885
60,069
59,695
58,838
59,047

108
292
232
560
833
722

.

Federal
Deposit
Insurance
Corporation

Federal
Federal
Federal Id-Age
Disability
home
and
Insurance
Survivors
loan
Trust
Insurance
banks
Fund
Trust Fund
1,533
2,017
2,299
2,304
2,165
1,903

165

1,563
1,150
1,376
1,891

100
924
52
152

17,227
16,413
16,200
15,074
14,221
14,799
15,261
14,403
17,840
19,221

1,126

929

15,099

84
84

1,461
1,419

52
52

18,566
18,610

155
148

1,316
1,409

52
52

148
153
173
174

1,513
1,624
1,784
1,891

52
52
52

17,582
18,284
18,167
18,379
19,441
19,221

694
556
500
260
270
3L2
57
85

174

175

214
215
6
31

1,985
2,084
2,172
2,238
2,254

59
50
74

372
82

152
52
52

52
52
52

Federal
Savings
and Loan employees'
Insurance retirement
Corpora
funds
tion

429

36

1,127
1,107
1,071
1,028
1,003
956
933
938
814
876

93

15,324

825

15,842
15,804
18
30
95
100
36

15,816
15,858
15,887
15,913
15,323
15,668

25
32
36

15,726
15,743
15,806

8
39

15,853
15,886

8,608

287
223
3

10

National
Service

Railroad
Retireinsurance ment
Fund
Accounts
Life-

Unemplcy
ment
Trust

Other

126
138
192
182
155
172
287

978

5,742
5,803
5,759
5,804
5,714
5,783
5,909
6,113
5,744
5,856

3,417
3,586
3,504
3,316
2,786
2,969
3,123
3,277
3,339
3,303

4,657
4,803
4,931
5,799
7,075
7,785
8,807

974
1,994
1,841

29

5,868

2,886

7,735

1,188

883
877

550
508

5,840
5,804

3,160
3,088

8,444
8,501

1,690
1,651

873
868
862
856
850
876

544
730
733
718
1,023
978

5,726
5,716
5,706
5,682
5,673
5,856

2,971
2,930
2,896
2,819
3,276
3,303

8,274
8,560
8,328
8,076
8,809
8,807

1,707
1,747
1,737
1,752
1,871

865
860
856

902
1,001
841
755

851

742

5,843
5,639
5,632
5,624
5,618

3,245
3,163
3,118
3,061
3,039

8,685
9,136
9,255
9,100
9,365

2,206
2,307
2,336
2,318
2,258

1

234
436
678
609
265
238
722

5,636
5,580
.

1,8a

Reopened Insurance Fund beginning May 1965 Federal Hospital Insurance
Trust Fund beginning February 1966; Federal Supplementary Medical
Insurance Trust Fund beginning July 1966; and Export-Import Bank of the
United States beginning February 1967.

Source: Daily Treasury statement.
Postal Savings System through 1962; various housing
X/ Consists of:
insurance funds; Veterans' Special Term Insurance Fund; Veterans'

;

Footnotes to Table

Source: On the basis of the daily Treasury statement.
Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with .May 1960). The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual

Highway
Trust
Fund

9,397
10,414
11,382
12,438
13,530
14,577
15,189
15,569
15,668

116
104
138
182
98
332

19,173
19,833
19,373
18,967
18,911

Government
Life
Insurance
Fund

1/

2/
3_/

4/

2

interest charge for the total, or for any group of issues, by
corresponding principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
Prior to that date it was based
issues sold at premium or discount.
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.

Treasury Bulletin

22

DEBT OUTSTANDING
Table

6.

-

Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)

Agriculture Department
Agency
End of
fiscal year
or month

for

Total

International
Development 1/

Commodity
Credit
Corporation

Rural
Electrification
Administration

Secretary:
Farmers'
Home
Administration
pri igrams

2/

Other
8/

U

Corp.

10
25
10

95
100
100
100

118

1,864

25

100

125

1,730

1,965

78

2,802
2,452

1,922
1,701

25
25

100
100

125
125

1,730
1,730

1,817
1,817

96
100

412
618
864
807
918
362

1,972
2,047
2,047
1,862
1,862
1,937

1,685
1,902
1,831
1,770
1,968
1,950

25
25

100
100
100
100
100
100

125
126
127
129
129
129

1,730
1,730
1,730
1,730
1,730
1,730

1,832
1,835
1,847
1,849
1,849
1,854

103
106
110
113
116
118

1,426
1,310
1,350

501
459
428

1,937
1,456
1,456

2,138
2,144
2,265

10
30

100
100
100

42

1,470
1,470

2,535
2,460

30
30

100
100

1,730
1,730
1,730
1,730
1,730

1,874
1,886
1,886
1,886

123
126

1,362
1,428

129
129
129
129
129

130
132

1,891

137

362

1,403

371

3,629

4,686
4,597

1,432
1,421

429
455

9,956
10,252
10,886
11,413
11,792
11,989

4,694
4,694
4,794
4,794
4,894
4,770

1,434
1,428
1,393
1,409
1,445
1,454

9,158
10,048
10,234
11,309
11,804

4,770
4,957
4,957
4,957
4,957

9,704

4,360

1967-November.
December.

24,717
24,947

662
652

9,772

1968-January.
February.
March
April
May
June

24,716
25,510
26, 392
26,633
27,461
27,040

648
648
648
648
648
638

24,529
24,988
25,328
26,317
26,838

634
634
634
634
634

.

Under
Defense
Production
Act
of 1950

1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
1,850
1,854

675

July
August
September.
October.
November.

Saint
Laurence
Seaway
Development

Veterans
Administration:
Direct
loan
program

°30
1,180
1,330
1,530
1,730
1,730
1,730
1,730
1,730
1,730

26,030

.

ity

Transportation
Dept.

112
118
121
121
123
123
124
125
125
129

735
712
689
662
638

1966-December.

Tennessee
Valley
Author-

5_/

27

456
854
1,027
1,170
1,235
1,436
1,415
1,454

1,164
1,138
1,107
1,062
807

Assn.

2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
1,329
1,950

2,923
3,155
3,332
3,484
3,657
8,828
4,075
4,234
4,518
4,770

25,343
25,636
26,011
28,634
29,166
29,241
28,354
26,964
24,611
27,040

2/

730
977
1,213
1,567
2,005
2,302
2,753
3,133
2,670
1,937

12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
10,097
11,989

1959
I960
1961
1962
1963
1964
1965
1966
1967
1968

Housing and Urban
Development Department
ExportImport
Federal
Bank of
& Governthe
Other
Secretary ment
United
National
6/
States
Mortgage

323
369

1,937
1,636
1,698
1,830
1,476
830

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 1967
Annual Report of the Secretary of the Treasury, pages 769-72, and the
1967 Combined Statement of Receipts, Expenditures and Balances of the
United States Government, pages 551-31/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
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.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance Fund
(formerly Farm Tenant Mortgage Insurance Fund), and Rural Housing Insurance Fund.
3/ Includes securities transferred from the Reconstruction Finance Corporation.
The urban renewal program
4/ Consists of notes issued to borrow for:
(formerly slum clearance program); college housing loans; and public
facility loans.
^/ Consists of liabilities taken over by the Association from the

513
178

6/

7/

8/

29
32
32
25

15

10
10
10
10

50
85

22
21
22
22
29
35
51
72

90

Secretary 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.
Public Housing Administration 1959-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration beginning
September 1968.
The Administrator, General Services AdministraConsists of notes of:
tion, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration); the Export- Import Bank of Washington through March 1962; and
the Secretary of the Treasury through May 1964.
United States Information Agency for
Consists of notes issued by the:
informational media guaranties (see footnote l); Secretary of Commerce
(Maritime Administration) for the Federal Ship Mortage 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 beginning June 1962; Secretary of the
Interior (Bureau of Mines) for development and operation of helium
properties beginning May 1964, and (Bureau of Commercial Fisheries)
for Federal Ship Mortgage Insurance Fund beginning January 1966May 1967; and revenue bonds for Smithsonian Institution (John F.
Kennedy Center Parking Facilities) beginning July 1968.

..
.

...,

.

,

December 1968

23

.DEBT OUTSTANDING,
Table

7.

-

Interest-Bearing Securities Issued by Government Agencies
(in millions of dollars)

Defense
Department

Housing and Urban Development

I

epartnent

Other inn- pendant agencies

Government National Mortgage Association

End of
fiscal year
or month

Family-

housing
mortgages

Federal
Housing
Administration

Participation
Sales Fund

Secondary
Other

Export-Import
Bank of the
United

Farm Cr
Administration

Banks for
cooperatives

operations

1959
1960
1961
1962
1963
1964
1965
1966
1967

1968p

1967- October..

November .
December.
1968-January.
February.
March
April

.

May

,

June p.

.

.

July
August.
September.
October.
.

.

.

5,040r
6,770r
6,477r
7,927r
8,123r
8,632r
9,335r
13,377r
18,455
24,407

l,038r
l,572r
l,867r
2,130r
2,268r
2,238r
2,183r
2,112r
2,036
1,951

110
139
220
424
586
793
570
441
492
548

18,779r
18,835
20,206

2,011r
2,007
2,001

21,640
21,741
22,027
23,384
23,505
24.407

1,995
1,988
1,982
1,976
1,971
1.951

24,474
25,843
20,055
20,355

1,948
1,942
1,936
1,929

797
797

1,290
2,285
2,199
2,558

7,900

l,o99
1,797
3,269
4,079
5,887

505
524
525

4,795
4,765
5,740

4,433
4,543
4,919

2,054
1,965
1,975

534
531
541

5,087
5,149
5,482
5,650
5,648
5,887

1,967
1,842
1,700
1,855

549
548

6,990
6,990
6,990
7,970
7,970
7.900

554
552
560
573

7,900
9,195
9,195
9,195

5,850
5,823

300
2,110
4,830

5a

End of
fiscal year
or month

Federal
intermediate
credit banks

Federal
Home Loan
Bank Board

Tennessee
Valley
Authority

387
467
469
525
7C9
881
1,072
1,244

300
520
827
1,022
1,385
.

2,571

-1/

l,201r
1,227
1,283

1,283
1,357

2.571

1,394
1,359
1,312
1.244

2,467
2,559
2,639
3,063

1,311
1,308
1,312
1,331

(Memorandum)

Other independent agencies - (continued)

Farm
Administration
- (continued)

315
344

Federal
National
Mortgage
Association 1/

Other

Federal home
loan banks

Federal land
banks

District of
Columbia
Stadium Fund

50
145
145
180
225
285
417

992
1,255
1,055
1,797
2,770
4,201
4,757
6,310
4,588

1,888
2,138
2,358
2,551
2,725
2,974
3,532
4,106
4,612

20
20
20
20
20
20
20

3,771

525

4,702

5,319

20

1967-October.
November
December.

3,36lr
3,324
3,280

416
475
475

4,073
4,076
4,062

4,882
4,873
4,912

20
20
20

1968-January.
February.
March. .
April.
May
June p

3,300
3,390
3,455
3,549
3,660
3,771

475
485
476
475
500

4,997
4,991
5,126

525

4,326
4,385
4,133
4,133
4,162
4,702

4,883
5,319

20
20
20
20
20

July
August.
September
October.

3,885
3,881
3,829
3,688

550
575
575
566

4,706
4,517
4.505
4,508

5,318
5,390
5,387
4,983

20
20
20
20

1959
1960
1961
1962
1963
1964
1965
1966
1967

1,489
1,632
1,754
1,903
2,173
2,369
2,529
2,893
3,363

1968p

.

.

.

.

.

.

.

Bureau of Accounts
Includes securities which are issued for use as collateral for
comnercial bank borrowing.
Effective September 30, 1968, Federal National Mortgage Association was

6,036
5,924

Source:
Note:

1/

-'

5,121

converted to private ovnershif pursuant to pr
Housing and Urban Development Act of 1968 (F.L.
Less than $500,00
Preliminary
r
Revised.
.

p

20

9'

-448).

Treasury Bulletin

24

STATUTORY DEBT LIMITATION

(12 U.S.C. 1717(c)) during the fiscal year 1968 and outstanding at any time shall be added to the amount otherwise
taken into account in determining whether the requirements of
the above provisions are met.

The Second Liberty Bond Act (31 U.S.C. 757b), as amended
by the Act of June 30, 1967 (Public Law 90-39), provides that
the face amount of obligations issued under authority of that
Act, and the face amount of obligations guaranteed as to
principal and interest by the United States, shall not exceed
in the aggregate $358 billion outstanding at any one time.

Public Law 96-39 also provides that effective July 1,
debt limit shall
and each Juiy r thereafterj the
be temporarily increased by $7 billion during the period beginning on such July 1 and ending on June 29 of the succeeding calendar year.

In addition, the Act provides that the face amount of

beneficial interests and participations issued under section
302(c) of the Federal National Mortgage Association Charter Act

Table

1.

-

p^^

^^^

Status Under Limitation November 30, 1968
(

In millions of dollars)

The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)

Amounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed debt of U.S. Government agencies
Participation certificates (12 U.S.C. 1717(c))

365,000
356,224.

603
3,250

360,077

Total amount outstanding subject to statutory debt limitation

4>923

Balance issuable under limitation

Table

2.

-

Application of Statutory Limitation November 30, 1968
(In millions of dol lars)

Total
outstanding

Classification

Public debt:
Interest-bearing debt:
Public issues marketable:
Treasury bills
Treasury notes
Treasury bonds

—

Total public issues

73,003
76,4.81

86,169

— marketable

235,653

—

Public issues nonmarketable:
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes:
Foreign series
Foreign currency series
Treasury bonds:
Foreign series
Treasury certificates
U.S. savings bonds
U.S. savings notes
U.S. retirement plan bonds
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds, investment series
Total public-issues

864.

4-07

;

1,286
1,724
84.

51,923

2,4-89

— nonmarketable

59

Special issues to Government agencies and trust funds
Total interest- bearing debt

Matured debt on which interest has ceased
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund series
Mortgage Guaranty Insurance Company Tax and Loss Bonds
U.S. savings stamps
Excess profits tax refund bonds
U.S. notes
Deposits for retirement of national bank and Federal Reserve bank notes
Silver certificates
Other debt bearing no interest

<

2,010

1

323
79
224
11

. .

A

)

.

December 1968

25

DEBT OPERATIONS

.PUBLIC
Table

1.

-

Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1968
Other than Regular Weekly and Annual Treasury Bills
(In millions of dollars)

Amount of maturities
Year
and
month
of final
maturity

Held by

Description
Total

y
1968
Dec

.

.

2-1/256

Bond

12/15/63-68

821

Note
Bond

2/1 5/692/15/69

10,738
3,728

Total.

1969

5-5/8?
4?

Mar...

5.399%

Bill
(Tax ant.)

3/24/69

2,015

Apr.

1-1/2?
5.426?

Note
Bill
(Tax ant.)

4/1/69-EA
4/22/69

61
2,003

May.

5-5/8?

5/15/69-B

4,277

June.

2-1/2?
5.178?

Bond
Bill
(Tax ant.

6/15/64-69
6/23/69

2,541
3,010

Aug.

6?

Note

8/15/69-C

Oct...

1-1/2?
4?

Note
Bond

Dec...

J- 1/2?

Bond

Total

Note

U.S. Govt,
investment
accounts and
Federal Reserve banks

Treasury Bulletin

26

.PUBLIC

DEBT OPERATIONS.

Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding November 30, 1968
Other than Regular Weekly and Annual Treasury Bilte - (Continued)

Table

1.

-

(In millions of dollars)

Amount of maturities
Year
and
month
of final
maturity

Description
Total

Note
Bond

Apr ...

1-1/2%

Note

Kay

4-3/4*

Note

2-1/2*

Bond

4*

Bond

1-1/2*

Note

Aug

.

Sept

Total.

1 173

All
other
i/
investors

I

4-3/4*
4*

June.

U.S. Govt.
investment
accounts and
Federal Reserve banks

-

Amount of maturities

Year
and
month
of final
maturity

Held by

v
1972
Feb..

T

1975

Held by

Description
Total

U.S. Govt,
investment
accounts and
Federal Reserve banks

December 1968

27

.PUBLIC
Table

2.

-

DEBT OPERATIONS

Offerings of Treasury Bills

Treasury Bulletin

28

.PUBLIC
Table

2.

-

DEBT OPERATIONS.

Offerings of Treasury Bills

On total bids accepted
Issue date

Average price
per hundred

Regular weekly:
(13-week and 26-week)

Equivalent average
rate J/

-

(Continued)

On competitive bids accepted
High
Price per hundred

Low
Equivalent rati

j/

Price per hundred

(Percent)

(Percent)

Equivalent rate
(Percent)

97.327

5.192
5.288

98.695
97.344

5.163
5.254

98.683
97.320

5.210
5-301

8

98.760
97.422

4.906
5.100

98.766
97.436

4.882
5.072

98.752
97.413

4-937
5.117

Aug.

15

98.715
97.334

5.083
5.273

98.729
97.348

5.028
5.246

98.706
97.329

5.119
5.283

Aug.

22

98.705
97.361

5.123
5.219

98.713
97.380

5.091
5.182

98.699
97.352

5.147
5.238

Auk.

29

98.678
97.350

5.174
5.242

98.686
97.359

6/

5.142
5.224

98.670
97.347

5.204
5.248

Sept.

5

98.687
97.346

5.196
5.249

98.693
97.354

2/

5.171
5.234

98.680
97.343

5.222
5.256

Sept.

12

98.674
97.332

5.247
5.277

98.682
97.352

8/

5.214
5-238

98.665
97.314

5.281
5.313

19

5.217
5.249

98.684
97.352

2/

5.206
5.238

98.678

Sept.

97.3U

5.230
5.260

Sept.

26

5.150
5.230

98.703
57.362

5.131
5.218

98.696
97.348

5.159
5.246

5.182
5.284

98.698
97.342 10/

5.151
5.258

98.682
97.316

5.a4

3

10

5.276
5.363

98.678
97.302 11/

230
337

98.650
97.277

5.3a

Oct.

17

5.346
5.427

98.667
97.284

5.273
5.372

98.638
97.250

5.388
5.440

Oct.

24

5.395
5.457

98.651
97.263

5.337
5.414

98.623
97.234

5.447
5.471

Oct.

31

98.617
97.233

5.471
5. 4"?2

98.625 12/
97.250

5.440
5.440

98.612
97.222

5.491
5-495

Tov.

7

98.596
97.161

5.554
5.615

98.617
97.184 lj/

5.471
5.570

98.588
97.154

5.586
5.629

Nov.

14

98.614
97.168

5.482
5. 601

98.624
97.186

5.444
5.566

98.609
97.160

5.503
5.618

Nov.

21

98.614
97.129

5.482
5.679

98.623
97.144 147

5-447
5.649

98.610
97.120

5.499
5-697

Nov.

29

98.638
97.198

5.446
5.573

98.649
97.208

5.404
5.553

98.632
97.188

5.472
5.593

96.161
95.705

5.399
5.426

96.176 15/
95.737 16/

5.378
5.385

96.147
95.689

5. 418
5.445

96.519

5.178

96.545 17/

5.140

96.509

5.193

1968-Aug.

1

Aug.

Dot.

Oct.

Tax anticipation
1968- July

11

Oct.

24

5.309

5-386

:

9-month and one-year

:

1967-Nov.

30

95.858
94-479

5-422
5.431

95.883
94-525

5.390
5.385

95.838
94-429

5.448
5.480

Dec.

31

'95.803
94.364

5.555
5.544

95.833
94.408

5.515
5.500

95.7V7
94-307

5.589
5.600

1968-Jan.

96.001
94.645

5.254
5.267

96.028
94-685 18/

5.219
5.228

95.970

31

94- 576

5.295
5.335

Feb.

29

95.998
94-646

5.240
5.281

96.021
94.708 12/

5.209
5.220

95.975
94-587

5-269
5.339

Mar.

31

'95.872
94.449

5.423
5-475

95.922
94-536 2Q/

5.358
5.389

95.840
94-373

5.466
5.550

Apr.

30

'95.657
94.258

5.665
5.663

95.668
94-2?2

5.650
5.650

95.645
94-241

5.680
5.680

May

31

'95.385
93.837

6.086
6.079

95.420
93.881

6.040
6.035

95.353
93.805

6.128
6.110

June

30

"95.643
94-189

5.745
5.732

95.678
94-206 21/

5.699
5.715

95.624
94-172

5.771
5.748

July

31

5.342
5.310

95.958
94-629

5.330
5-297

95.944
94.608

5.349
5.318

Aug.

31

5.245
5.151

96.085 22/
94-789

5.220
5.140

96.056
94-763

5.259
5.165

Sept.

30

5.202
5.108

96.083 2J/
94.844

5.165
5.085

96.046
94.809

5.214
5.120

31

5.446
5.401

95.383 247
94.536 25/

5.429
5.389

95.859
94-506

5. 461

Oct.

30

5.693
5.5o7

95.716
94-370

5:670
5-553

95.685
9*. 328

5.711
5.594

'

Nov.

Footnotes on following page.

5.419

3-/

December 1968

29

.PUBLIC

DEBT OPERATIONS

Footnotes to Table 2

Source: Daily Treasury statement; Bureau of the Public Debt.
1/ The 13-week-bills represent additional issues of bills with an
original maturity of 26-weeks and the 9-month bills represent
additional issues of bills with an original maturity of one-year.
2/ For 13-week and 26-week issues, tenders for $200,000 or less from
any one bidder are accepted in full at average price of accepted
competitive bids ; for other issues , the corresponding amount is
stipulated in each offering announcement.
2/ Bank discount basis.
Except $260,000 at 98.739.
5/ Except $1,470,000 at 97.356.
Except $4,000 at 97.399.
2/ Except $50,000 at 97.360.
8/ Except $385,000 at 97.356.
Except $290,000 at 97.358.
10/ Except $5,000 at 97.358.

u
K

%

11/
12/
12/
14/

~&,
16/
17/
18/
12/
20/
21/
22/
22/
24/

25/

Except $50,000 at 97.315.
Except $1,300,000 at 98.630.
Except $70,000 at 97.190.
Except $1,000 at 97.164.
Except $500,000 at 96.188.
Except $500,000 at 95.757, and $500,000 at
95.741
Except $3,000,000 at 96.552.
Except $200,000 at 94.693.
Except $500,000 at 94.728.
Except $900,000 at 94.545.
Except $600,000 at 94.251.
Except $400,000 at 96.778.
Except $20,000 at 97.315.
Except $1,000,000 at 95.891, $991,000 at 95.890, and
$600,000
'
at 95.888.
Except $238,000 at 94.540.

30

Treasury Bulletin

.PUBLIC
Table

3.

-

New Money

DEBT OPERATIONS.

Financing through Regular Weekly Treasury Bills

1/

(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)
13.

1967-October
1968-January

13
11

92
182

$2,207
1,646

$1,400
1,000

4.286
4.689

*99

July

20.

1967-October
1968-January

19
18

91
182

2,405
1,867

1,401
1,001

4-244
4.745

100

July

27.

'1967-October
1968-January

26

91
182

2,366
2,030

1,401
1,000

4.424
5.044

100

91
182

2,368
2,019

1,405
1,000

4.181
4.639

102

1967- July

25

1967-November
1968-February

2

10.

1967-November
1968-February

9
8

91
182

2,422
1,981

1,400
1,000

4.173
4.757

100

August

17.

1967-November
1968-February

16
15

91
182

2,348
1,980

1,400
1,001

4.194
4.791

98

August

24.

'1967-November
1968-February

24
23

92

2,232
2,023

1,402
1,001

4.334
4.922

103

1

30

II.

'1967-November
1968-Februar

91
182

2,367
2,196

1,400
1,001

4.492
4.994

97

1967-December
1968-March

7

7.

91
182

2,679
1,633

1,401
1,001

4.324
4.765

102

7

2,162
1,793

1,401
1,001

4.358
4.952

99

2,004
1,810

1,400
1,000

4.489
4.998

100

August
August

August

September

3.

1

-'

'

91

September 14.

1967-December
1968-March

14
14

182

September 21.

1967-December
1968-March

21
21

182

September 28.

J 1967-December
^1968-March

28
28

182

2,822
1,845

1,401
1,000

4.628
5.143

101

January
April

4
4

91
182

2,065
1,907

1,401
1,000

4.513
5.098

99

13.

January
April

11
11

90
181

2,183
1,892

1,501
1,001

4.563
5.022

101

19.

January
April

18
:8

91
182

2,452
2,006

1,500
1,000

4.678
5.165

99

26.

January
April

25
25

91
182

2,757
1,964

1,501
1,001

4.597
5.124

101

October

J

5.
\

October
October
October

91
91

2.

February
May

91
182

2,286
1,911

1,501
1,000

4.543
5.043

96

November

9.

February
May

91

2,382
1,757

1,501
1,001

4.674
5.180

102

16.

February
May

15
16

182

2,628
1,652

1,501
1,000

4.648
5.154

100

November
November

February
May

23
23

91
181

3.P38
2,289

1,500
1,000

4.988
5.517

98

24-

November

30.

February
May

29
31

91
183

2,705
2,146

1,502
1,003

4.957

103

91
182

2,76?
2,416

1.500
1,001

4.988
5.579

99

91
182

2,489
1,974

1,501
1,000

4.943
5.493

101

2,730
2,304

1,506
1,006

5.128
5.659

112

November

182

91

5.535

December

March
June

7

7.

December

March
June

14

14.

December

March
June

21

91

21.

20

182

28.

March
June

28
27

182

2,451
2,063

1,502
1,003

4.990

December

91
183

2,377
2,053

1,501
1,001

5.104
5.593

102

92
182

2,510
2,052

1,601
1,000

5.065
5.235

97

2,732
1,931

1,602
1,000

4.999
5.172

100

1968-January
February

4.

29.

13

April
July

May
August

31
29

91

5.515

104

June
September

6

91

5

182

14.

June
September

13
12

182

2,389
1,743

1,600
1,000

5.107
5.321

99

21

June
September

20
19

91
182

2,460
1,848

1,600
1,000

5.285
5.377

94

28

June
September

27
26

91
182

3,427
1,836

1,608
1,001

5.185
5.301

106

March

7.

March

March
March

6

Footnotes at end of table.

91

(Continued on following page)

-

December 1968

31

PUBLIC DEBT OPERATIONS
Table

3.

-

New Money

Financing through Regular Weekly Treasury Bills!'- (Continued)
(Dollar amounts in millions)

Description of issue
Issue
date

Number of
days to
maturity

Maturity
late

Amount
of bids
tendered

Amount
of bids
accepted

Average rate
of bids
accepted 2/

New money
increase, or
decrease (-)

(Percent)

1968-April
April

April
April

May
May-

May
May

May
June
June
June
June

July
July

July

July

August

4.

1968-July
October

5

11.

July
October

11
10

182

18.

July
October

18

91

17

182

25.

July
October

25
24

91

2.

August
October

1

August
August

August

September

5.H6

91

2,395
1,884

1,600
1,001

5.310
5.399

98

3,256
2,493

1,602
1,103

5-462
5.568

203

182

2,614
2,328

1,601
1,101

5.543
5.689

197

91
182

2,704
1,966

1,600
1,100

5.498
5.611

200

91

2,494
2,176

1,600
1,102

5. 506
5.697

200

2,417
2,065

1,600
1,101

5.557
5.750

200

5.848
5.996

2

16.

August
November

15

91

14

182

23.

August
November

22
21

91

31.

August
November

29
29

182

5.266

$99

182

2,150

1,601
1,100

90
182

2,292
2,154

1,600
1,100

5.698
5.869

97

2,410
2,365

1,600
1,099

5.650
5.699

98

.

00

6.

September
December

5
5

91
182

13.

September
December

12
12

91
182

2,628
2,041

1,600
1,100

5.711
5.789

100

20.

September
December

19
19

91
182

2,590
1,969

1,600
1,101

5.579
5.633

95

27.

September
December

26
26

91
182

2,375
1,968

1,600
1,105

5.237
5-485

94

October
1969-January

3
2

90
181

2,119
1,981

1,601
1,100

5.401
5.588

100

11..

1968-October
1969-January

10
9

91
182

2,637
1,996

1,602
1,102

5.368
5.410

101

18.,

1968-October
il969-January

17
16

91
182

2,625
2,476

1,601
1,101

5.467
5-557

98

as--

|1968-0ctober
Il969-January

24
23

91
182

2,869
2,365

1,601
1,100

5.367

(1968-October
1969-January

30

91
182

2,620
2,320

1,599
1,101

5.192
5.288

.00

91
182

2,532
2,279

1,600
1,103

4.906
5.100

102

91
182

2,405
2,285

1,600
1,101

5.083
5.273

99

5.

1

31

98

8

1968- November
1969- February

7

15

1968- November
1969- February

14

22

1968- November
1969- February

21

20

91
182

2,283
2,034

1,602
1,101

5.123
5.219

102

29

1968- November
1969- February

29
27

92
182

2,404
2,271

1,600
1,104

5.174
5.242

104

1968- -December

5

91
182

?,493
2,709

1,602
1,103

196
249

104

2,740
1,969

1,601
1,100

5.247
5.277

101

5.

12,

September 19.

September

$1,600
1,000

August
November

1

September

31

$2,179
1,601

9.

\

August

3

92
182

26,

1969 -Iforch

6

13

6

1968-December
11969-March

12
13

91
182

1968-December
[l969-March

19
20

91
182

2,525
2,262

1,601
1,100

5.217
5.249

100

1968-December
1969-March

26
27

91
182

2,843
2,030

1,604
1,102

5.150
5.230

106

1

I

|

|

October

3.

January
April

2
3

91
182

2,338
1,830

1,601
1,101

5.182
5.284

101

October

10.

January
April

9
10

91
182

2,105
1,866

1,601
1,103

5.276
5.363

102

Source:
See Table 2.
1/ Excludes issues of strips of additional amounts of outstanding, regular
weekly bills for cash on November 25, 1966 ($1,202 million). See
Table 4.

2/

Equivalent average rate on bank discount basis.

Treasury Bulletin

32

PUBLIC DEBT OPERATIONS.
Table

4.

-

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

Date subscription books

December 1968
.PUBLIC
Table

4.

-

DEBT OPERATIONS.

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

Hate subscription books

-

(Continued)

Treasury Bulletin

34

PUBLIC DEBT OPERATIONS.
Footnotes to Table 4

Bureau of the Public Debt.
Source:
1/ Bonds, notes, and certificates of indebtedness issued at par except
For bill issues, always sold at auction,
those bearing footnote 14.
the rate shown is the equivalent average rate (bank discount basis)
on accepted bids. For details of bill offerings, see Table 2.
On September 3, 1963, the Treasury began the monthly issuance of oneyear bills to mature on the last day of each month and, in addition,
on September 30, 1966, it began the monthly issuance of bills to
mature in nine months.
From date of additional issue in case of a reopening.
In reopenings, the amount issued is in addition to the amount of
original offering.
For securities exchanged for the new issues, see Table 8.
For exchange value of securities eligible to be exchanged see Table
5 or 6.
6/ Includes $4,4.31 million of the 5-1/'4$ certificates and $1,519 million
of the 5-1/4$ notes allotted to Federal Reserve banks and Government
investment accounts.
7/ Tax anticipation bill, acceptable at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
8/ Exchange offering available to owners of nonmarketable 2-3/4$ Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951.
For further
information on the original offering see Treasury Bulletin for April
Amounts shown are as of November 30, 1968.
1951, page A-l.
2/ Payment for subscriptions allotted could be made in cash or in Treasury
bonds, notes, or certificates of indebtedness maturing on the
issue date of the new security.
Consists
of allotments paid for with Treasury bonds, notes, or certif10/
icates of indebtedness maturing on issue date of new security11/ 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, totaling $943 million for the 5-5/8$
notes and $75 million for the 5-3/8$ notes, were allotted in full where,
as provided in the offering circulars, the subscriber made the required
certification of ownership of securities maturing November 15, 1966.
Subscriptions subject to allotment totaled $4,918 million for the 5-5/8$
notes which were allotted 30 percent, and $13,954 million for the 5-3/8$
notes which were allotted 10 percent; subscriptions for $100,000 or less
were allotted in full, and subscriptions for more than $100,000 were
allotted not less than $100,000.
12/ Sale of a "strip" of Treasury bills, consisting of an additional $400
million of three series of outstanding one-year Treasury bills maturing
March 31, April 30, and May 31, 1967.
11/ Issued for cash and in exchange for Treasury bills maturing November 25,
1966.
Ik/ Price at which issued appears in either Table 5 or 6.
11/ 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, totaling $3,675 million for the notes
of Series B-1968 and $248 million for the notes of Series A-1972, were
allotted in full where, as provided in the offering circulars, the
subscriber made the required certification of ownership of securities
Siihsrri ptions subject to allotment totaled
maturing February 1% ] Q 67.
$16,240 million for the notes of Series B-I963, those up to and including $100,000 were allotted in full, all others were allotted 10 percent

but in no case. less that $100,000, and $21,887 million for the notes
of Series A-1972, those up to and including $50,000 were allotted in
full, all others were allotted 7 percent but in no case less than

16/

17/

i

18/

19/

20/

21/

22/
2j/

2Jj

2J5/

p

Includes $4,430 million of the 4-l/4$ notes and $2,576 million of the
4-3/4$ notes allotted to Federal Reserve banks and Government investment accounts.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirment and other public funds, international organisations in which the United States holds membership,
foreign central banks and foreign states, Government investment accounts
and the Federal Reserve banks, totaling $6,340 million, were allotted
in full where, as provided in the offering circular, the subscriber
made the required certification of ownership of securities maturing
August 15, 1967.
Subscriptions subject to allotment totaled $9,320
those up to and including $100,000 were allotted in full;
million:
all others were allotted 35 percent but in no case less that $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 38 percent but in no case
less than $100,000.
Subscriptions from States, political subdivisions or instrumental. ities
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, totaling $7,575 million for the notes
of Series A-1969 and $149 million for the notes of Series A-1974, were
allotted in full where, as provided in the offering circulars, the
subscriber made the required certification of ownership of securities
maturing November 15, 1967. Subscriptions subject to allotment totaled
$8,070 million for the notes of Series A-1969 which were allotted 36
percent, and $13,984 million for the notes of Series A-1974 which were
allotted 7-1/2 percent; subscriptions for $100,000 or less were allotted
in full, and subscriptions for more that $100,000 were allotted not
less than $100,000.
Includes $1,280 million allotted to Federal Reserve banks and Government investment accounts.
Subscriptions for $200,000 or less were allotted in full. Subscriptions
for more than $200,000 were allotted 39 percent but in no case less
than $200,000.
Includes $3,993 million allotted to Federal Reserve banks and Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 were allotted 28 percent but in no case less
than $100,000.
As provided in the offering circular subscriptions were allotted in full
(l) for States, political subdivisions or instrumentalities thereof,
public pension and retirement and other public funds, international
organizations in which the United States holds membership, and foreign
central banks and foreign states where the subscriber certified that
it owned securities maturing August 15, 1968, these totaled $123
million (2) for Federal Reserve banks and Government investment
accounts, these totaled $4,811 million and (3) those for $250,000
or less.
All other subscriptions were allotted 18 percent but in
no case less than $250,000. The total of all subscriptions from
the public was $23,557 million.
Includes $5,336 million of the 5-5/8$ notes and $1,043 million of the
5-3/4$ notes allotted to Federal Reserve banks and Government investment accounts.
Preliminary.

December 1968

35

.PUBLIC
Table

5.

-

Unmatured Marketable

DEBT OPERATIONS.

Securities Issued in

Advance Refunding Operations

36

Treasury Bulletin

PUBLIC DEBT OPERATIONS.
Ts

December 1968

37

PUBLIC DEBT OPERATIONS.
Table

5.

-

Unmatured Marketable

Date of
financing

Description of securities

-

Securities Issued in

Amount Issued
(In millions)

1989

$375
126

4-1/8? Bond

5/15/89-94

V

y
y
y

317
114 A/
105 4/

9/18/63

91
132

y
V

1,260
1990

722
576

f 9/29/61
3-1/2? Bond

y
V

1,298

2/15/90 57

233
345
322

3/16/62

y
V
y

900
.

10/3/60

993 4/

1998

f 9/29/61

3-1/2? Bond

11/15/98 5/

3/16/62

10/3/60

(

Advance Refunding Operations

-

(Continued)

Treasury Bulletin

38

PUBLIC DEBT OPERATIONS.
Table

6.

-

Unmatured Marketable Securities Issued

at a

Premium

or

Discount

Other than Advance Refunding Operations

Description of securities

!-' "

4%

Bond

IS

Bond

1970

5-5/8%

Note

5%

Note

5

Date of
financing

Amount issued
(in millions)

Average price
per hundred

Effective
interest
rate

Eligible securities exchanged

December 1968

39

PUBLIC DEBT OPERATIONS.
Table

6.

-

Unmatured Marketable Securities Issued at
Other than Advance Refunding Operations

a
-

Premium

or Discount

(Continued)

Treasury Bulletin

40

PUBLIC DEBT OPERATIONS.
Table

7.

-

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/
(In millions of dollars)

Allotments by investor classes

Issuer

Amount issued

Date of
financing

8/15/66

For
cash

Description of securities

k-l/lS
K-l/lS

Cert.

Note

8/15/67-A
5/15/71-A

U. S. Gov-

ernment
In
investment
exchange
accounts
for
and
other
Federal'
securiReserve
ties
Banks

Commercial
banks

Individuals

2/

37

Insure
ance
companies

Mutual
savings
banks

Corporations

Private
pension
and retirement
funds

State and 3-Ocal
governments 5_/

Pension
and retirement
funds

Other
funds

Dealers
and
brokers

All
other
6/

12

156

208

46

97

137

154
343

118
222

29
25

24

128
144

15
6

116
76

249
295

118
95

94

19

27

132

47

58

167
I64

20
10

194
112

305
353

123
198

5,919
4,265

4,431
1,519

741
1,679

79
119

10

1,012
929

99
115

Note
Note

2/15/68
11/15/71

y

1,702
1,668

932
66

843

5-3/8$

2/15/67

14-3/4$
14-3/4$

Note
Note

5/15/68
2/15/72

^

1,951
1,777

3,636
228

3,488
139

1,148
790

(4-1/4$
\4-3/4$

Note
Note

8/15/68-C
5/15/72-B

6,444
5,310

4,430
2,576

1,212
1,658

62

18
6

U8

196
454

163

15

178
73

156

78

11
74

17

5/15/67

8/15/67

5-1/4$

Note

11/15/68-D

6,363

6,066

2,240

164

30

65

135

26

317

481

385

8/30/67

5-3/8$

Note

2/15/71-C

2,509

52

1,900

83

15

43

24

6

24

179

180

Note
Note

2/15/69-A
11/1 5/74-

3,156
1,507

7,581
145

7,486
77

1,973
716

127
207

53

11/15/67

(5-5/8%
^5-3/4$

24

47
65

125
64

19
21

121
87

535
217

250
167

2/15/68

5-3/4$

Note

2/15/7 5 -A

5,148

1,280

2,430

131

99

75

52

22

2/21/68

5-5/8$

Note

5/15/69-B

4,277

139

3,637

99

7

21

30

3

Note
Note

8/15/69-C
5/15/75-B

3,352

LV
6,750p

124
3,992

2,575
1,624

277
112

18

13

42

59

40

54

20
29

4,869p

4,811

2,474

434

83

180

330

55

7,794p
2,329p

5,466
1,043

1,351

128
?3

71
25

14

61
180

17
1

11/15/66

5/15/68

(5-5/8?

r&$
\6$

1/

8/15/68

5-5/8$

Note

8/15/74-B

7/

10/23/68

(5-5/8$
5-3/4$

Note
Note

5/15/70-B
ll/15/74-A

8/

3,550

5,415p

Source: Based on subscription and allotment reports, For detail of
offerings see Table 4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nonmarketable 2-3/4$ Treasury bonds, Investment Series B-1975-80.
2/ Includes trust companies and stock savings banks.
Includes partnerships and personal trust accounts.
3_/
4/ Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
5_/
governments and their agencies.

7%

6/

7/

8/

44

11

225

169

512

366

17

184

140

3
31

47
129

81
476

166
204

21

158

974

764

55

154

9

24

243
180

12

234
47

Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country.
Offerings subject to allotment, were made for the purpose of paying
Holders of the maturing securities
off maturing securities in cash.
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 new issues.
Reopening of earlier issue.
Preliminary.
Less than $500,000.
p

December 1968
.PUBLIC
Table

7.

-

DEBT OPERATIONS.

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Treasury Bills Other than Regular Weekly Series
Part B.
-

Treasury Bulletin

42

PUBLIC DEBT OPERATIONS.
Table

7.

-

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.

-

Treasury

Bills

Other than Regular Weekly Series
(in millions of dollars)

(Continued)

December 1968

43

DEBT OPERATIONS.

.PUBLIC
Table

8. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills

Called or maturing securities 1/

Date of
refunding
or retirement

Issue
date

Description

Disposition offers
by Treasury
Amount
outstanding

Cash
retirement

Exchange
security
offered

Results of exchange offers
Exchanged

(In millions of dollars)

7/31/66

7/31/66

7/31/65

1,000

Note

8/15/66-A

2/15/62

8,436

8,436

Bond

8/15/66

2/28/58

700

700

356

(

11/15/66-A

1/19/66

1,652

Note

11/15/66-E

2/15/65

2,254

3-3/8% Bond

11/15/66

3/15/61

1,851

4-3/4% Cert.
4%

3_/

9,136

Total.

8/15/66

1,000

3.875% Bill

Jotal

9

5,757

Grand total.

14,893

8/31/66

4.006? Bill

8/31/66

8/31/65

1,000

1,000 3/

9/30/66

4.236% Bill

9/30/66

9/30/65

1,000

1,000 4/

10/1/66

1-1/2% Note

10/1/66-E0

10/1/61

357

10/31/66

4.192% Bill

10/31/66

10/31/65

1,000

(3-3/8% Bond

11/15/66

3/15/61

1,264

Note

11/15/66-E

2/15/65

1,672

11/15/66-A

1/19/66

1,135

4%
11/15/66

4-3/4% Cert.
Total.

4,071

11/30/66

4.277% Bill

11/30/66

11/30/65

1,001

12/31/66

4.731% Bill

12/31/66

12/31/65

1,001

4.699% Bill

1/31/67

1/31/66

1,001

f3-5/8% Note

2/15/67-B

3/15/63

2,358

Note

2/15/67-C

8/13/65

5,151

2/28/67

4.845% Bill

2/28/67

2/28/66

3/22/67

5.338% Bill

3/22/67

8/26/66

2,006

3/31/67

4.739% Bill

3/31/67

3/31/66

1,000

1/31/67

4%

2/15/67

7,508

[Total.

1-1/2% Note

4/1/67-EA

4/1/62

2^0

ft. 433% Bill

4/a/67

^5.483% Bill

4/21/67

8/26/66
8/26/66

1,003
1,507

4.773% Bill

4/30/67

4/30/66

1,001

(4-1/4% Note

5/15/67-D

11/15/65

9,748

-1/2% Bond

6/15/67

5/5/42

1,429

4/1/67

4/21/67
4/30/67

I

5/15/67

1,000

<

j

Total.

11,177

5-1/4% Cert.

8/15/67-A

8/15/66

5,919

3-3/4% Note

8/15/67-A

9/15/62

2,929

4-7/8% Note

8/1 5/67-

2/15/66

Grand total.
5/31/67

4.966% Bill

6/15/67

2-1/2% Bond

2,117

10,966

(Total

22,143

5/31/67

5/31/66

1,001

344

357

1,000 4/

Turne
in for
cash 2/

44

Treasury Bulletin

PUBLIC DEBT OPERATIONS.
Table

8.

-

Disposition of Public Marketable Securities

Other than Regular Weekly Bills

Date of

-

(Continued)

December 1968

45

.PUBLIC
Table

DEBT OPERATIONS.

8.
Disposition of Public Marketable Securities
(Continued)
Other than Regular Weekly Bills
-

-

Called or maturing securities 1/

Date of

refunding
or retirement

Issue
date

Description

Results of exchange offers

Disposition offers
by Treasury

Amount
out-

standing

Exchange
security
offered

Cash
retirement

Description of new
securities offered
(See also Table 4)

Turned

Ex-

changed

in for
cash 2/

(In millions of dollars)

/5.IOO? Bill

8/31/67
8/31/67

1,000
500

9/30/67
9/30/67

1,000
500

1,0001

8/31/68

"\5.422? Bill

8/31/68
8/31/68

9/30/68

{5.124* Bill
5.555? Bill

9/30/68
9/30/68

10/1/68

1-1/2$ Note

10/1/68- E0

10/1/63

115

5.30156 Bill

10/31/67
10/31/67

1,002

5.254* Bill

10/31/68
10/31/68

5-1/4? Note

11/15/68-D

5/15/67

8,984

8,984

3-7/8? Bond

11/15/68

9/15/63

1,158

1,158

2-1/2? Bond

12/15/68

12/1/42

1,787

1,787

10/31/68

11/15/68

^

500
,664p|

,682p
5641?

247p.

638p

A- 5/8? Note
\5-3/4? Note

B-1970
A-1974

347p

'5-5/8? Note
5-3/4? Note

B-1970
A-1974

^5-5/8? Note
5-3/4? Note

B-1970
A-1974

566pl
4C0pi

i

11,929

11,929

11/30/68
12/15/68

5.431? Bill
5.240? Bill
'2-1/2? Bond

11/30/68
11/30/68

12/15/68

11/30/67
11/30/67
12/1/42

1,000
500
821p

Daily Treasury Statement; Bureau of the Public Debt.
Original call and maturity dates are used.
All by investors other than Federal Reserve banks.
Rolled over into one-year bills (see Table 4).
Rolled over into 9-month and one-year bills under new program
beginning September 30, 1966 (see Table 4).
Holders of the maturing notes, bonds, or 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
new securities offered.
Excess of maturing securities over allotments of new securities paid
for with the maturing securities.
Tax anticipation issue; for detail of offerings beginning July 1966,
see Table 4; for amounts redeemed for taxes and for cash see "Note"

Source:
\J

below.
Of this amount, $8 million of the 4-3/4? notes and 46 million of the
3-7/8? bonds were submitted in payment for subscriptions allotted
for 6? Treasury Notes of Series C-1969 which were offered on a cash
basis.
Holders of the maturing securities were not offered preemptive
rights to exchange their holdings for the notes of Series C-1969.
For detail of offering see Table 4.
Preliminary.

1,00
501

10,123p

985p

7,794p of 5-5/8? Note
2,329p of 5-3/4? Note

*

821p

Information on retirement of tax anticipation issues referred to
Note:
in footnote 7, in millions of dollars:
Date of
retirement

Treasury Bulletin

46

.PUBLIC
Table

9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)

December 1968

47

.PUBLIC

DEBT OPERATIONS

Table 9. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)

48

Treasury Bulletin

.PUBLIC
Table

9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)

-

(Continued)

December 1968

49

.PUBLIC DEBT OPERATIONS.
Table

9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable In 0. S. Dollars)

-

(Continued)

50

Treasury Bulletin

.PUBLIC
Table

9.

-

DEBT OPERATIONS,

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars)

-

(Continued)

December 1968

51

PUBLIC DEBT OPERATIONS
Table

9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars)

-

(Continued)

Treasury Bulletin

52

.PUBLIC
Table

9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable In

U.

S.

Dollars)

-

(Continued)

53

December 1968
_PUBLIC DEBT OPERATIONS.
Table

9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable In U.S. Dollars)

-

(Continued)

54

December 1968

55

.PUBLIC

DEBT OPERATIONS.

Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries

Table

10.

-

56

Treasury Bulletin

PUBLIC DEBT OPERATIONS
Table

10.

-

Foreign Currency Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

December 1968

57

^UNITED STATES SAVINGS BONDS.
Series E and
being sold.

H

are the only savings bonds currei

Series E has been on sale since May

and Series H has been on sale since June 1, 1952.

A-D were sold from March 1,

1935,

Series F and G were sold from May
30,

1952.

1,

19<+1,

Treasury Bulletins of April 1951, May 1952, May

Series

and December 1959, and May and October 1961, the

through April 30, 1941.
1,

1941, through April

Series J and K were sold from May 1, 1952, through

April 30, 1957.

rest yields, maturities, and
,ber
Ariiu^

of the Secretary of the Treasury fisca]
and 258), and fiscal year 1967 (pages 179 and

Treasury Bulletin of June

!

I

Details of the principal changes in issues,

Table

1.

-

Sales and Redemptions by Series, Cumulative through

(In millions of dollars)

November

30, 1968

;

Treasury Bulletin

58

.UNITED STATES SAVINGS BONDS.
Table

3.

-

Sales and Redemptions by Periods

,

Series E through

K

(In millions of dollars)

Redemptions 1/
Period

Sales 1/

Accrued
discount

Sales plus
accrued
discount

Total

Sales
price

Series E and H combined

Fiscal years
1941-58

:

1959
1960
1961
1962
1963
196^
1965
1966
1967
1968

Calendar years

93,747
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
4,965
4,739

12,591
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
1,619
1,731

95,959
4,320
4,350
4,539
4,278
4,760
4,609
4,486
4,860
4,898

13,183
1,169
1,224
1,293
1,372
1,404
1,491
1,514
1,580
1,680

373
352

132
154

459
423
399
384
432
361

163
137
144

:

19/11-58

1959
1960
1961
1962
1963
1964
1965
1966
1967

Months
1967-November.
December.
:

1968- January.
February
March.
April
May
June

July
August
September
October.
November.
.

394
410
337
400
350

140
132
156
165
139
147
141

135

106,338

3_/

Amount outstanding

Accrued
discount

3_/

Interest-bearing
debt

Matured
noninterestbearing debt

December 1968

59

.UNITED STATES SAVINGS BONDS.
Table

3.

-

Sales and Redemptions by Periods, Series E through

K

-

(Continued)

Treasury Bulletin

60

.UNITED STATES SAVINGS BONDS.
Table

4.

-

Redemptions of Matured and
(In millions of dollars)

Unmatured Savings Bonds

December 1968

61

UNITED STATES SAVINGS NOTES

Sales of United States savings notes began May 1, 1967.

The principal terms and conditions for purchase and

The notes are eligible for purchase by individuals with the

redemption and information on investment yields of the savings

simultaneous purchase of Series E savings bonds.

notes appear in the Treasury Bulletins of March 1967 and June
1968.

Table

1.

—

Sales and

Redemptions by Periods

(In millions of dollars)

Treasury Bulletin

62

.OWNERSHIP OF FEDERAL SECURITIES.
Table

1.

-

Distribution of Certain Federal Securities by Classes of Investors and Types of Issues

December 1968

63

.OWNERSHIP OF FEDERAL SECURITIES.
Table

3.

-

Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)

Total
Federal
securities
outstanding 2/

End of
month

Held by banks

CommerFederal
cial
Reserve
banks
Banks

D.

Held by private nonbank investors

S.

Government investment
accounts

Individuals ij
Savings bonds

Total

Series
E and H

Other
series

s/

Other
securities

Mutual
Insurance savcompanies ings
banks

State
and
Corporalocal
tions 6/

governments

and international

u

47.6

15.9

2.5

6.5

22.7

10.1

1.9

8.2

6.3

3.1

2.2

.4

1946-Feb. 2/
Dec

279.8
259.5

93.8
74.5

22.9
23.3

28.0
30.9

135.1
130.7

64.1
64.2

30.8
30.3

12.5
13.9

20.8
20.1

24-4
24.9

11.1
11.8

19.9
15.3

6.7
6.3

1950- June...
Dec

257.4
256.7

65.6
61.8

18.3
20.8

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
8.8

3.5
4.3

1951- June...
Dec

255.3
259.5

58.4
61.6

23.0
23.8

41.0
42.3

132.9
131.8

65.4
64.6

34-5

34.7

14.6
14.4

16.3
15.5

17.1
16.5

10.2
9.8

20.1
20.7

9.4
9.6

4.3

1952- June...
Dec

259.2
267.4

61.1
63.4

22.9

44.3
45.9

130.8
133.4

64.8
65.2

34.9
35.3

14.1
13.8

15.7
16.0

15.7
16.0

9.6
9.5

18.8
19.9

10.

4.7

24.7

11.1

5.3

1953-June.
Dec

266.1
275.2

58.8
63.7

24.7
25.9

47.6
48.3

135.0
137.3

66.1
64.8

36.0
36.7

13.2
12.7

16.8
15.4

16.0
15.9

9.5
9.2

18.6
21.5

12.0
12.7

5.7
5.9

1954- June...
Dec

271.3
278.8

63.6
69.2

25.0
24.9

49.3
49.6

133.3
135.1

64.8
63.5

37.5
38.2

12.1
11.7

15.2
13.6

15.4
15.3

9.1
8.8

16.5
19.1

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

65.2
65.0

39.3
40.1

10.9
10.2

15.0
14.8

15.0
14.6

8.7
8.5

18.6
23.2

14.7
15.4

6.8
7.5

1956- June.
Dec

..

272.8
276.7

57.3
59.5

23.8
24.9

53.5
54.0

138.3
138.2

66.6
65.9

40.9
41.4

9.4
8.7

16.3
15.8

13.6
13.2

8.4
8.0

17.3
18.7

16.1
16.3

7.9
7.8

1957- June...
Dec

270.6
275.0

56.2
59.5

23.0
24.2

55.6
55.2

135.9
136.1

66.3
64.9

a.

7.6

17.2

12.7
12.5

7.9

41.6

7.6

16.1
17.7

16.8
16.6

7.6
7.6

1958- June...

276.4
283.0

65.3
67.5

25.4
26.3

55.9
54.4

129.9
134.8

64.4
63.7

42.1
42.5

16.0

12.2
12.7

7.4
7.3

14.1
18.1

16.3
16.5

6.5
7.7

1959- June...
Dec

284.8
290.9

61.5
60.3

26.0
26.6

54.6
53.7

142.6
150.3

66.3
69.4

42.6
42.4

19.3
23.5

12.6
12.5

7.3
6.9

19.8
21.4

16.9
18.0

10.1
12.0

1960- June..
Dec

286.5
290.4

55.3
62.1

26.5
27.4

55.3
55.1

149.3

69.7

3.1
2.7

24.1
20.5

11.9

6.6
6.3

19.5

•66.1

42.5
42.9

12.0

H5.8

18.7

18.8
18.7

12.3
13.0

19 61- June...

289.2
296.5

62.5
67.2

27.3
28.9

56.1
54.5

143.3
145.9

64.6
65.9

43.6
44.2

2.5
2.2

19.5

11.4
11.4

6.3
6.1

18.5
18.5

19.3
19.0

12.7
13.4

1962- June...
Dec

298.6
304.0

65.2
67.2

29.7
30.8

56.5
55.6

H7.3
150.4

65.7
66.0

44.6
45.1

2.0
1.8

19.0
19.2

11.4
11.5

6.3
6.1

18.2
18.6

20.1
20.1

14.1
15.3

1963- June.
Dec

306.5
310.1

64.4
64.3

32.0
33.6

58.4
58.0

151-7
154.3

66.1
68.2

46.0
46.7

1.5
1.4

18.1

20.1

11.0
11.3

6.1
5.8

18.7
18.7

21.5
21.1

15.8
15.9

312.5
318.7

60.2
64.O

34.8
37.0

61.1
60.6

156.4
157.1

68.8

47.3
47.9

1.2
1.0

20.3
20.8

10.9
11.1

6.0
5.7

18.9
18.2

22.5
21.2

16.7

1965- June
Dec

317.9
321.4

58.3
60.8

39.1
40.8

63.4
61.9

157.1
158.0

70.9
72.1

21.6
22.5

5.8
5.4

15.3

48.8

15.8

24.1
22.9

15.7
16.7

1966- June
July
Aug
Sept

Oct
Nov
Dec

320.4
319.8
324.9
325.3
327.4
329.9
329.8

54.8
53.8
55.0
54.8
55.3
55.5
57.5

42.2
42.4
42.5
42.9
43.0
43.9
44.3

66.7
66.4
69.3
69.2
68.0
68.9
68.8

156.7
157.2
158.1
158.4
161.1
161.6
159.3

73.1
73.4
73.9
74.7
75.4
75.3
74.6

49.2
49.3
49.4
49.4
49.5
49.7
49.8

23.3
23.5
24.0
24.8
25.4
25.3
24.5

9.7
9.7
9.7
9.7
9.6
9.7
9.6

14.2
14.3
14.5
13.8
14.9
16.0
14.9

24.5
25.1
25.0
25.2
25.2
25.1
25.0

15.4
15.3
15.4
15.2
15.2
15.4

1967-Jar
Feb
Mar
Apr
May
June ....
July
Aug
Sept
Oct
Nov
Dec

329.4
330.1
331.5
328.3
331.4
326.7
331.2
336.4
336.4
341.0
345.6
345.2

57.8
57.4
58.1
57.2
56.4
55.5
58.3
60.2
61.1
63.6
63.5
63.9

43.5
44.0
44.9
45-5
46.1
46.7
46.8
46.6
46.9
47.4
48.9
49.1

68.2
69.6
70.7
70.4
74.6
75.8
75.5
77.2
76.4
75.9
76.2
76.0

159.9
159.2
157.8
155.2
154.3
148.7
150.6
152.4
152.0
154.1
157.0
156.2

74.9
74.6
74.0
72.7
71.9
70.9
70.8
71.4
72.5
73.2
73.9
74.0

49.8
50.0
50.1

9.5
9.3
9.2
9.0
9.0
8.7
8.7
8.7
8.7
8.8
8.7
8.7

14.7
14.7
14.1
12.9
13.6
11.1
11.9
12.4
10.7
11.6
13.0
12.2

24.8
25.0
25.1
25.2
25.1
25.0
24.7
25.1
24.9
24.6
24.5
25.1

14.0
14.1

50.9

24.7
24.3
23.7
22.3
21.4
20.4
20.2
20.7
21.7
22.3
22.9
23.0

1968- Jan
Feb
Mar
Apr
May
June

346.8
352.1
350.0
347.5
352.9
348.1
351.7
354.9
355.3
357.8

63.1
63.9
62.2
60.0
60.9
59.2
60.6
61.5
62.9
64.8

49.1
49.0
49.7
50.5
50.6

74.7
76.4
75.9
75.8
78.3
79.1
78.3
79.4
79.1
78.8

160.0
162.8

74.5
75.2
75.0
75.2
75.4
75.0
75.5
75.7

50.9
51.0
51.0
51.0
51.1
51.1
51.1
51.2
51.2
51.3

23.5
24.1
23.8
24.1
24.3
23.8
24.3
24.4
24.6
?4.5

8.6
8.5
8.6
8.4
8.5
8.2
8.2
8.2
8.2

13.4
14.8
14.2
13.7
15.8

25.6
26.4
27.0
26.8
26.7
26.5
26.6
26.8
26.7
26.7

15.4
15.2
14.7
14.7
14.0
12.9
13.1

1939-Dec

.

Dec

Dec

1964- June
Dec

July.

.

..

.

.

.

.

.

Aug
Sept.

Oct.p...

52.2
52.4
53.0
53.3
53.3

162..

3

161.3
163.1
157.6
160.4
161.0
160.0
160.9

76.0
75.9

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.
Consists of commercial banks, trust companies, and stock savings
3_/
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.

.

If .4

5.2

48.3

50.2
50.3
50.4
50.5

50.6
50.6
50.7
50.8

4/
5_/

6/

7/

8/
9y

.1

.

5.1
5.C

5.0
5.0
4.8
4.8
4.7
.'.

4.6
4.5
4.3
4.3
4.2
4.2
4-2
4.2
4.1
4.2
4.2

4.1
4.2
4.2
4.1
4.1
4.0
3.9
3.9
3.8

3.7

13.2

14.4
14.6
13.0
14.2

...

15.

14.5

14.5

15.0
15.0
14.7
14.4
14.3
14.7
14.8
16.2
15.8

13.3
13.

/,

13.5

Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Preliminary.
Immediate postwar debt peak.
p

Treasury Bulletin

64

TREASURY SURVEY OF OWNERSHIP, OCTOBER
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by Federal
agencies.
The banks and insurance companies included in the
Survey 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 insurance companies
in the May 194.1 Treasury Bulletin, for corporations and

Section

I

-

Securities Issued or

Table

1.

-

1968

31,

savings and loan associations in the September I960 Bulletin,
and for State and local governments in the February 1962
Bulletin.

Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31
Holdings by corporate pension trubt funds are published quarterly, first
appearing in the March 1954 Bulletin.
.

Guaranteed by the United States Government

Summary

of All Securities

(Par values - in millions of dollars)

Held by investors covered in Treasury Survey

Classification

Interest-bearing securities
Public marketable
Public nonmarketable 5_/
Special issues
Guaranteed 7/

debt,

Total
amount
outstanding 1/

5,836
commercial
banks

236,651
58,567
58,838

53,237
60 6/

501

mutual
savings
banks
2/

^88
savings 469
292
life

463 fire,
casualty,
and

and loan corpoassocia- rations
tions

316
general
funds

188
pension
and retirement
funds

U.S. Govern-

ment investment accounts
and Federal
Reserve banks

Held by
all

other
investors 4/

:

Total interest-bearing
securities

Matured debt and
no interest 8/

State and local
governments

Insurance companies

3,596
28

3,755
36

3,229

4,734

5,517

33

16

1

592

61

88

125

10

32

354,648

53,358

3,713

3,916

3,271

,781

,

L8;

60

5,518

9,265

4,640
63

71,094
2,097
58,838

77,667
56,174

94

76

83

4,797

132,104

133,924

bearing
3,139

Total securities issued or guaranteed by U.S. Government

357,787

Footnotes at end of Section II.

Table

2.

-

Summary

Marketable Securities

of Interest-Bearing Public
(Par values - in millions of dollars)

Held by investors covered in Treasury Survey

State and local
governments

Insurance companies

Classification

Total
amount
outstanding 1/

5,836
commercial
banks

2/1/
Py type security
Issued by U.S. Government:
Treasury bills
Treasury notes
Treasury bonds

501

mutual
savings
banks
Z/

292
life

^63 fire,
casualty,
and
marine

488
savings 469
and loan corpoassocia-

tions

188
pension
316
general and retirement
funds
funds

U.S. Government investment accounts
and Federal
Reserve banks

Held by
all
other
investors 4/

:

Total

By maturity distribution
Call classes (due or first
becoming callable):
within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over

72,996
75,329
88,326

8,312
19,714
25,212

302
1,194
2,101

197
145
3,413

200
743
2,286

1,531
2,570

2,430
1,009
2,078

4,033
1,707
3,441

267
135
4,238

21,659
32,821
16,615

34,964
16,331
26,372

236,651

53,237

3,596

3,755

J,

229

4,734

5,517

9,182

4,640

71,094

77,667

127,842
46,803
39,924
4,508

24,651
16,314
11,350
331
331
261

928
871
147
166
648

1,394
1,346
1,301
128
282
282

4,243
720
530

549
355
1,738

1,001
1,005
734
94
227
168

436
203
669
343
890

13

5,725
1,428
979
248
177
624

40,957
10,516
14,021
1,482
1,386
2,733

48,128
14,176
8,996
1,178
1,358
3,831

53,237

5,596

3,755

3,229

4,734

5,517

9,182

4,640

71,094

77,667

602
1,404
671
127
51
373

1,202
1,539
1,233
173
134
453

"3,762
529
9

5,437
1,716
741
409

339
300
268

162
716

589
243
,900

45,081
17,223
8,089
1,725

16

39,125
12,348
13,382
1,693
625
3,922

3,229

4,734

5,517

9,182

4,640

71,094

77,667

632

:

Total

SI 75
12,399
'•
,

471
168
474

7
3

Maturity classes (final
maturity)

Within

year

to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over

116,040
58,606
37,142
6,075
2,325
16,464

19,521
21,443
11,193
416
151

715
1,049
808
173

512

788

257
381
227
761
213
1,916

Total

236,651

53,237

3,596

3,755

1

1

Footnotes at end of Section II.

63

•

1,201

681

December 1968

65

.TREASURY SURVEY OF OWNERSHIP, OCTOBER
Section

I

Table

1968,

31,

Securities Issued or Guaranteed by the United States

-

3.

Government

Interest-Bearing Public Marketable Securities by Issues

-

(Par values - in millions of dollars)

Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding

Issues

Treasury bills :
Regular weekly and annual
maturing:
1968-Jan. 1969
Nov.
1969 -Apr. 1969
Feb.
May
1969
June 1969
July 1969
Aug.
1969
Sept. 1969
Oct.
1969
Tax anticipation:
Mar.
1969
Apr.
1969
June 1969
Total Treasury bills.
•

Treasury notes
5-1/4? Nov.
Feb.
5-5/8
May
5-5/8
6
5

5-3/8
5-1/4
5-3/8
4-3/4
4-3/4
5-5/8
5-3/4
5-3/4
6
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

1968- D.
1969-A.
1969-B.

1969-C.
1970-A.

1971-C.
1971-A.
1971-B..
1972-A.
1972-B.
1974- B.
1974- A.
197 5- A.
1975-B.
1969-EA.
1969-EO.
1970-EA.
1970- EO.
1971-EA.
1971-EO.
1972- EA.
1972-EO.
1973-EA.
1973- EO.

Total Treasury notes.

Treasury bonds :
2-1/2? Dec.
June
2-1/2
Dec.
2-1/2
Mar.
2-1/2
Mar.
2-1/2
June
2-1/2
Sept.
2-1/2
Dec.
2-1/2
I
Nov.
3-7/8
.

:

-

:

:

:

-

:
:

:

'

:

4
4
4
4
4
3-7/8

4
I*

4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4

Feb.
Oct.
Feb.
Aug.
Aug.
Nov
Feb.
Aug.
Aug.
Nov.
Feb.

May
Nov.

May
June

1

,

502

1,000
1,001

2,682
1,876
408
496
371
242

501

mutual
savings
banks
2/

292
life

155
87
16
18

90

3
7
2

18
10

463 fire,
casualty,
and
marine

152
33

488
savings
and loan
associations

310
228
20

State and local
governments
469
corpo-

rations

316
general
funds

188
pension
and retirement
funds

238
19

U.S. Government investment accounts
and Federal
Reserve banks

512

2,465

718
125
66
108

950

6

20
52

5

21

14

15
9

36
54

47
199

1

388
251
169

197

632

2,430

4,033

21,659

71
86
88

30

94

264
174
196
138
218
52
71
42
159
74
136
49
88
48

24
1

18

1,002

201
91

2,015
2,003
3,010

411
246
1,288

72,996

8,312

302

8,984
10,738
4,277
3,366
7,675
2,509
4,265
1,734
2,006
5,310
10,284
1,652
5,148
6,750
61
159
88
113

1,074
1,329
2,063
1,330
2,510
1,132
946
616
854
1,196
2,822
564
1,919
1,076
24
74

36

5

59

2

7
2

21

9
8

21

135
140

3
2

55

1

43
60
71

1

.

6,308
858
523
582

367
276

23

:

Aug.
Nov.
Feb.
May
Nov.
Feb.
May
Aug.
Nov.
Feb.
May
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.

',

39,630
17,726
2,604
1,502

5,836
commercial
banks

35

72
34
33

34

.

4
10
62

59

8

17

113
63

20

70
47

1
1

11
»

2
2

8

94

76
163
101
60
37

94
95
296
39
220
102

1

2
1

43
58
9
42
9
20
4

1

4
2

155
68
61
13
14
12
33
29

244
9
45
46
6
48
25
28
15
12

1

12
1

1
27
3

22
26

6,182
7,677
502
245
1,562
231
1,849
7X1
381
2,893
4,969
270
1,454
.

13
3

19,714

1,194

145

743

787

559

1,375
1,156
947

11
23
29

10
16
13
28
66
21
19
66
6
6
13
12
17
9
15
23
27
29
31
36
35
26
35
212

43

541
,488
284
,223
,249
,952

607
158
,728

244
,381
129
,806
,760

344

1972
1973....

,579

1973....
1974....
1974- • •
1974- •
1975-85.
1978-83.

351
129
588
,241
215
,567

'ootnotes at end of Section II.

91
69
187
66
54
67
67
44
210

2
13

3

75,329

1963-68.
1964-69.
1964-69.
1965-70.
1966-71
1967-72.
1967-72.
1967-72.
1968
1969....
1969..-.
1970. .
1970
1971....
1971
1972

28
45
23
28
169
16
73
35
36
49

894

581

460
1,145
840
361
943
2,075
1,939
1,499
1,057
1,155
913
882
1,428
1,751
1,275
1,243
545

71
86

24
11

20
12
24
3

28

92
54
69
59
35

74
47
96
123
93
116
31
37
26

53

46
70
51

1.531

1,009

29
31
13
14

222
178

30

9
47
125
106
99
72
60
61
50
168
162
125
103

17
48
132
101
120
81
102
111

34

(Continued on following page)

135

32,821

391

34
95
103

53
29

1,707

118
159
183
143
146
105
24
44

61
11
19
131
81
43
51

224
143
71
21
107

47

33
48
30
16
36
16
141
81
157
336
196

21
19
12
5

33
8

4
24
4

98

29

83
124
61

14
13

43

8

95

18

61
50
42
85

155
183
65
65
107
77
160

46
40
39
66
46
155
246

412
535
666
205
82
220
125
1,382
724
484
442
620
474
273
530
558
565
595
691

427

ai

66
Tl

December 1968

67

.TREASURY SURVEY OF OWNERSHIP, OCTOBER
Section

II

-

31,

1968,

Interest-Bearing Securities Issued by Federal Agencies but

Not Guaranteed by the United States Government
(Par values - in millions of dollars)

Total
amount
outstanding

Banks for
5.90?
6.20
6.20
6

5.55

cooperatives
Nov.
1968 (Debentures).
Deo.
1968 (Debentures).
Jan.
1969 (Debentures).
Feb.
1969 (Debentures).
Apr.
1969 (Debentures).
:

Total
Federal home loan banks:
1968 (Bonds).
5-5/8* Nov.
Jan.
5-1/2
1969 (Bonds).
Feb.
1969 (Notes).
5.85
Feb.
1969 (Notes)/
5.65
Mar.
5-3/8
1969 (Bonds).
Apr.
(Notes).'
1969
6-1
May
6
1969 (Notes).
June
6.30
1969 (Bonds).
July
1969 (Notes).
3/4
Sept
1969 (Bonds).
Feb.
1970 (Bonds).
Mar.
1970 (Bonds).
Apr.
1970 (Bonds).
May
1970 (Bonds).
80
.

Federal intermediate credit banks
(Debentures)
Federal land banks :
% Feb.
4-1/8?
4-1/2
5.95
4-3/4
4-3/8
5.60

4-5/8
4-1/4
6-1/4
4-1/4
5-3/4
6.30
5-1/8
3-1/2
6.20
6
5-1/8

3-1/2
6
5.70

3-7/8
5-7/8
4-1/?
4-1/2
4-3/8
5

5-3/8
5-1/8
5

Total

:

Treasury Bulletin

68

.TREASURY SURVEY OF OWNERSHIP, OCTOBER
Section

II

-

31,

1968

Interest-Bearing Securities Issued by Federal Agencies but

Not Guaranteed by the United States Government

-

(Continued)

(Par values - in millions of dollars)

Held by investors covered in Treasury Survey
1

State and local
governments

Insurance companies
Total
amount
outstanding

Federal National Mortgage
Association
Discount notes
4-3/8% Apr. 1969 (Debentures)
May
1969 (Debentures)
4.65
6.10
June 1969 (Debentures)
July 1969 (Debentures)
5-1/8
Dec.
1969 (Debentures)
6
Apr.
1970 (Debentures)
4-5/8
June 1970 (Debentures)
6.60
4-1/8
Sept. 1970 (Debentures)
Oct.
1970 (Debentures)
5-3/4
Mar.
1971 (Debentures)
6
Aug.
1971 (Debentures
4-1/8
Sept. 1971 (Debentures)
5-3/4
Sept. 1971 (Debentures
4-1/2
Feb.
1972 (Debentures
5-1/8
June 1972 (Debentures)
4-3/8
June 1973 (Debentures)
4-1/4
Feb.
1977 (Debentures)
4-1/2
Oct.
6
1973 (Capital
Debentures

501

5,836
commercial
banks

mutual
savings
banks

2/37

S/

463 fire,
casualty,
and
marine

292
life

488
savings
and loan
associations

469
corporations

188

316
general
funds

pension
and retirement
funds

U.S. Government investment accounts
and Federal
Reserve banks

Held by
all
other
investors 4/

:

.
.
.

.

.

.
.

.
.

.

) .
.

) .
) .

Total

Tennessee Valley Authority
Short- terra notes.
Nov.
1985 (Bonds).
4.40%
July 1986 (Bonds).
4-5/8
Feb.
1987 (Bonds).
4-1/2
May
1992 (Bonds).
5.70
Nov.
1992 (Bonds).
6-3/8

.

.

.

)

1,772
88
300
250
250
550
142
400
119
400
350
63
350
96
98
100
146
198

21

12
56

67
6
7

35
4

43

6

4

11

5

1

4

6
21

3

60
31

10

1

4
12

77

29
15
35

4
29
45

6
6
10

9
6
14
7
8
6
11

5

1

3

13

70
62

2

2

768

835
4
6

52

75

135
153
96
176
72
216
76
134
179
40
185

5

1

1

2

14

1

11

17

45

5

7

16
28
4
30
4

37

100
250

100

H

1

6
71

28

1

5

7

12

4

6

58

3

5

3

2

9
11

9

3

1
*

10
6

72

7
13
17

3

7

5

3

102

4

5

9

20

120

90

162

193

1,024

13

22

35

250

70

18

5,922

670

343

290
50
50
45
70
60

53

16

1

21

57

135

3

58

534

2,827

9

33

121
13

:

Total
Total nonguaranteed securities.

1/
2/

2/

U

30
21

25
13

28
11

565

55

7

H

21,369

3,728

1,034

86

Includes public debt not subject to statutory limitation. For amount
subject to limitation, see "Statutory Debt Limitation," Table 1.
Excludes trust departments.
Includes trust companies and beginning with figures for July 194-9, also
includes stock savings banks. Previously, those banks were reported
as a separate classification.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local government funds not reporting in the Treasury Survey.

14
286

v
6/

7/
8/

536

36

957

1.843

312

53
46

33

271

1,552

11,035

United States savings bonds, Series E and J are reported to the
Treasury Survey at maturity value but have been adjusted to current
redemption value for use in this statement.
Includes $13 million depositary bonds held by commercial banks not
included in the Treasury Survey.
Guaranteed securities are those held outside the Treasury.
Holdings by reporting investors are not available.
Less than $500,000.

December 1968
MARKET QUOTATIONS ON TREASURY

69

SECURITIES,

NOVEMBER

29, 1968

Treasury Bulletin

70

MARKET QUOTATIONS ON TREASURY

SECURITIES,

NOVEMBER

29, 1968

December 1968
MARKET QUOTATIONS ON TREASURY
z

71

SECURITIES,

NOVEMBER

29, 1968.

Treasury Bulletin

72

AVERAGE YIELDS OF LONG -TERM BONDS
Table

1.

-Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)

Period

Treasurybonds 1/

Moody's Aaa
corporate
bonds

Treasury
bonds 1/

Moody's Aaa
corporate
bonds

Period

Treasury
bonds 1/

Moody s Aaa
corporate
bonds
'

Annual series - calendar year averages of monthly series

1944
1945
1946
1947
1948
1949
1950
1951

2.48
2.37
2.19
2.25
2.44
2.31
2.32
2.57

2.72
2.62
2.53
2.61
2.82
2.66
2.62
2.86

2.68
1953.
1954.
1955.
1956.
1957.
1958.
1959.

.

2.55
2.84
3.08
3.47
3.43
4.08

2.96
3.20
2.90
3.06
.

3.89
3.79
4.38

Monthly series - averages of daily series

1960
1961
1962
1963
1964
1965
1966
1967

4.02
3.90
3.95
4.00
4.15
4.21
4.65
4.85

4.41
4.35
4.33
4.26
4.40
4.49
5.13
5.51

December 1968

73

AVERAGE YIELDS OF LONG-TERM BONDS

Treasury Bulletin

74

INTERNATIONAL FINANCIAL STATISTICS.

The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments and

international financial position.

A

number of changes were

of the liabilities which enter into the United States balance
of payments calculated on the liquidity basis.

The inclusion

of the United States reserve position in the International

Monetary Fund in Table

1

requires that the "holdings of

introduced in the May 1967 Bulletin to increase the usefulness

dollars" of the Fund be excluded from the data on liabilities

of this section.

to foreigners, in order to avoid double counting.

Table

1

shows the reserve assets of the United States,

including its gold stock, holdings of convertible foreign

see headnote to "Capital Movements" section.

currencies, and reserve position in the International Monetary
Fund.

In accordance with Fund policies the United States has

For further

explanation of this exclusion from the liabilities statistics,

Table 3 presents an area breakdown of United States liquid

liabilities to official institutions of foreign countries.

the right to draw foreign currencies equivalent to its reserve

position virtually automatically if needed.

Table 4 shows United States Treasury nonmarketable bonds

(Under appropriate

conditions the United States could draw additional amounts

and notes issued to official institutions of foreign countries.

Table

This

equal to the United States quota of $5,160 million.)

presentation corresponds to the treatment of United States
monetary reserves in the United States balance of payments
accounts.

t>

sets forth the factors which affect the United

States position in the International Monetary Fund.
Table 6 presents United States net monetary gold transactions with foreign countries and international and regional

Table 2 brings together the various statistical components

Table

1.

-

Gold Stock, Holdings of Convertible Foreign Currencies,
and Reserve Position in the International Monetary Fund

U.S. Reserve Assets:

(

End of
calendar year
cr month

organizations.

Total

In millions of dollars)

December 1968

75

INTERNATIONAL FINANCIAL STATISTICS
Table

2.

-

U.S. Liquid Liabilities to Foreigners
(In millions of dollars)

Total
liquid
liabilities
to all
foreigners

End of
calendar year
or month

Liabilities to International
Monetary Fund arising from
gold transactions

Liabilities to foreign countries

Official institutions 2/
Sh art-

Iota!

Gold
deposit
1/

Gold
investment
2/

15,825 7/
16,845 7/
,19,428
20,994
21,027

200
200
500
800
800

200
200
500
800
800

10,120
11,078
11,088

T22,853
22,936

800
800

800
800

11,830
11,830

'24,068
24,068

800
800

800
800

12, 714

1957
1958
1959

1960 8/
1961 8/

,

1962 8/

S

n.a.
n.a.

12,748

1963 8/

26,361
26,322

800
800

800
800

14,387
14,353

1964 8/

f 28, 951

800
800

800
800

15,428
15,424

29,002

(

1965
1966 S/

29,115

834

34

800

15,372

f 29, 904
29,779

1,011
1,011

211
211

800
300

13,600
13,655

33,297r
[33,l62r
31,223r
32,463r
33,840r

1,033
1,033
1,033
1,033
1,033

233
233
233
233
233

800
800
800
800
800

15,679r
15,672r

14,893r
15,940r

33,297r
33,l62r

1,033
1,033

233
233

800
800

15,679r
15,672r

'33,141r

1,033
1,033

1,045
1,047
1,030

233
233
241
245
247
230

800
800
800
800
800
800

15,232r
15,352r
14,301r
14,397r
13,629r
12,114r

1,030
1,030
1,030

230
230
230

800
800
800

12,621
12,453
12,070

I

[

1967 8/

1967-September.
October. . .
November.
.

December 8/

{
1968- January.
February.
March
April

.

.

May
June

33,344f
32,517
33,022
33,175
32,582r

July
August
September p

33,148
33,609
33,603

.

1,0a

H,365r

Treasury Bulletin

76

INTERNATIONAL FINANCIAL STATISTICS.
Table

3.

-

U.S. Liquid Liabilities to Official Institutions of Foreign Countries, by Area

1/

(In millions of dollars)

2/

1,058
1,238
1,497

2,731
3,020
3,300

154
160
194

176
178
245

13,600

7,488
7,488
9,872

1,189
1,189
996

1,134
1,134
1,131

3,284
3,339
3,171r

277
277
249r

228
228
253r

15,940r
15,672r

8,649
9,065
10,257
9,872

903
968
901
996

1,179
1,214
1,261
1,131

3,167
3,166
3,048
3,171r

224
228
224
249r

243r
252r
249r
253r

9,373
9,179
8,881
8,624
7,908
7,034

1,091
1,403
851
1,040
1,035
671

1,210
1,170
1,174
1,371
1,380
1,197

3,082r
3,112r
2,953r
2,886r
2,820r
2,763r

229r

May
June

15,232r
15,352r
14,301r
14,397r
13,629r
12,114r

247r
216r
21 2r
229r
235r
190r

July
August
September p

12,621
12,453
12,070

7,041
6,838
6,951

709
780
438

1,528
1,432
1,196

2,874
2,956
2,980

284

V

13,655
{15,672r

M,365r
H,893r

.

1968- January ....
February.
March
April
.

Data represent short-term liabilities to the official institutions of
foreign countries, as reported by banks in the United States, and foreign
official holdings of marketable and convertible nonmarketable U. S.
Government securities with an original maturity of more than one year.
Includes Bank for International Settlements and European Fund.
Includes countries in Oceania and Eastern Europe, and Western European

2/

2/

1,789
1,608
1,528

1967-September..
October. .
November. .
December. .

2/

Other
countries

8,445
9,220
8,608

1967

1/

Latin
American
Republics

Canada

14,353
15,424
15,372

1963
1964
1965

1966

Western
Europe

Total
foreign
countries

End of
calendar year
or month

27 2r
230r
247r

251r
259r

185
205

242
293

a2

dependencies in Latin America.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable
in coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Preliminary.
r
Revised.

ij

p

4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries

Table

(In millions of dollars or dollar equivalent)

Payable in dollars

Payable in foreign currencies

End of
calendar year
Total

1962
1963
1964
1965
1966
1967

251
893
1,440
1,692
695
1,563

1967-Nov
Dec

1968-Jan
Feb
Mar
Apr
May
June.

.

July.

.

Aug
Sept...
Oct
Nov

Total

Belgium

Canada
1/

Denmark

Italy
2/

Korea

Sweden

Total

Austria

Belgiun

Germany

50
50

275
679
602
50
601

125
125
125

251

163

Italy

200
200

land

516

1,563
1,563

516
516

314
314

177
177

25
25

1,047
1,047

50
50

60
60

601
601

125
125

ai

1,484
1,479
1,879
2,002
2,302
2,506

312
307
606
604

10

173
168
167
165
165
147

25
25
25
25
25
25

1,172
1,172
1,272
1,398
1,398
1,398

50
50
50
50
50
50

60
60
60
60
60
60

726
726
726
852
852
852 2/

125
125
125
125
125
125

211

904
1,108

114
114
414
414
714
914

311
311
311
311

2,521
2,595
2,865
2,996
2.969

1,122
1,122
1,392
1,397
1,370

914
914
1,164
1,164
1,134

10
10
20
20
20

146
146
146
146
146

25
25
25
25

1,399
1,473
1,473
1,598
1,598

50
50
50
50

60
60
60
60

125
125
125
125

311
311
311
311

50

60

125

311

354
484
353

12
12
12
12

12

13

730
1,086
1,208
342
1,047

101

177

25
25
25
25
25

25
50

30
30
30
30
60

160
184

15
15
15
15
15

For further information, see "Public Debt Operations," Tables 9
and 10.
Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $174 million,
November 1965 through October 1966; $144 million, November 1966 through
October 1967; $114 million, November 1967 through October 1968; and

25

2/

2/

10
15
18

852
926
926
1,051
1,051

Bank for
International
Settlements

51

125
329
299
144
314

Note:

1/

Taiuan

Switzer-

175
257
257
111

70
93

ai

211

ai

$84 million, Nosember 1968.
Bonds issued to the Government of Italy in connection with military
purchases in the United States.
In addition, nonmarketable Treasury notes amounting to $125 million
equivalent were issued to a group of German commercial banks in
June 1968.

December 1968

77

INTERNATIONAL FINANCIAL STATISTICS.
Table

5.

-

U.S. Position in the International Monetary Fund

Treasury Bulletin

78

INTERNATIONAL FINANCIAL STATISTICS,
Table

6.

-

U.S.

Net Monetary Gold Transactions

with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine troy ounce; negative figures represent net sales by thf United States; positive figures, net acquisitions)

December 1968

79

.CAPITAL

MOVEMENTS.

Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935
pursuant to Executive Order 6560 of January 15, 193<+, Executive Order 10033 of February 8, 194-9, and Treasury regulations
promulgated thereunder. Information on the principal types of
data and the principal countries is published monthly in the
"Treasury Bulletin." Reports are filed with the Federal Reserve Banks by banks, bankers, securities brokers and dealers,
and nonbanking concerns in the United States.
These statistics are then consolidated, and are published by the Treasury
as promptly as possible.
The reporting forms and instructions used in the collection of the statistics have been revised a number of times.
The most recent general revision became effective with reports
covering data as of May 31, 1963.1/ A detailed description
of the content of the statistics, including the changes instituted in 1963, appeared in the July 1963 issue of the "Treasury
Bulletin," pages 79-81. As a result of changes in presentation

introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
B asic

definitions

The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign country
Data
or geographical area in which the foreigner is domiciled.
pertaining to branches or agencies of foreign official institutions are reported opposite the country to which the official
Data pertaining to international and
institution belongs.
regional organizations are reported opposite the classification

"International," "European regional," "Latin American regional," "Asian regional," or "African regional," as appropriate,
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
western Europe."

"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
deduction of any offsets.
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.

capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury repcrts.
Certain capital transactions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
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.

The liabilities data exclude U.S. Treasury letters of
credit, and nonnegotiable, noninterest-bearing special notes
of the United States held by the Inter-American Development
Bank and the International Development Association.
Beginning with the May 1967 Bulletin, data on short-term
liabilities to foreigners were revised to exclude the holdings
of dollars of the International Monetary Fund derived from
payments of the United States subscription and from the exchange transactions and other operations of the Fund.
(Liabilities representing the "gold investment" of the Fund continue
to be included.)
This change in the treatment of the Fund's
"holdings of dollars" was related to the revision of the table
on United States monetary reserve assets (see "International
Financial Statistics" section, Table 1) to include the United
States reserve position in the International Monetary Fund.
The Fund's "holdings of dollars" do not represent United
States liabilities to foreigners in the same sense as do other
reported liabilities to foreigners. They are more accurately
viewed as contingent liabilities, since they represent essentially the amount of dollars available for drawings from the
Fund by other member countries.
Changes in these holdings
(arising from United States drawings and repayments of foreign
currencies, from drawings and repayments of dollars by other
countries, and from other dollar operations of the Fund) give
rise to equal and opposite changes in the United States gold
tranche position in the Fund, which in the absence of United
States lending to the Fund, is equal to the United States
reserve position. Since the reserve position is included in
United States reserve assets, it is necessary, in order to
avoid double-counting, to exclude the Fund's "holdings of
dollars" from United States liabilities to foreigners.
This
presentation conforms to the treatment of these items in the
United States balance of payments and the international investment position of the United States.

The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series (see "International Financial Statistics" section,
Table A).

Exclusions

Presentation of statistics

The data published herein do not cover all types of
capital movements between the United States and foreign

Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections. Section I provides a
summary of the principal data by period; Section II presents
data by country and by period; and Section III shows detailed
breakdowns of the latest available preliminary data.

The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactions of business enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
countries.

1/

Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.

Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Stat]
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal Reserve Banks.

i;e of

Treasury Bulletin

80

.CAPITAL MOVEMENTS.
Section

Table

1.

-

Banking

-

I

Summary by Periods

Liabilities to
(

and Claims on Foreigners

In millipns of dollars)

Short-term claims on foreigners

^hort-terra liabilities to foreigners 2/

Payable in dollars

Total
short-

End of
calendar year
or month

terra

liabilities 2/
6,883.1
6,475.3
5,519.3
6,326.6
6,329.3
7,340.2
7,977.8
9,257.9
10,265.6
11,353.9
11,894.9
13,796.8
14,383.3
15,366.8
17,261.2
18,701.4
20,015.2
20,097.5
21,958.0
22,877.1

1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961...
1961 6/
1962
1963

Foreign countries
Official
institutions

Foreign
banks

4,179.0
2/
3,043.7
2/
1,831.9
2/
2,836.3
2J
2,907.7
2/
3,615.5
2,064.0
3,547.6
2,528.2
4,654.2
2,569.8
5,666.9
2,529.3
6,770.1
2,530.4
6,952.8
2,943.1
8,045-4 5/3,362.9
7,916.6 5/3,413.0
8,664.9
3,460.5
9,154.3
4,601.1
10,212.3
4,704.8
10,893.2
5,299.5
10,893.3
5,380.4
11,915.3
5,251.0
12,436.9
5,713.0

Payable

International
Other
and
foreigners regional2/

2,678
2,922
2,972
2,947
3,001
1,392
1,513
1,675
1,779
1,805
1,783
2,029
2,252

2,430
2,398
2,229
2,355
2,356
2,564
3,046

468.8
664.9
472.9
369.1
223.3
316.7
296.7
246.5
205.2
175.3
309.7
742.3
751.7
1,030.5
1,441.6
1,316.6
1,316.6
2,083.9
1,547.0

1964 2/ 12/

25,517.8 2/ 13,220.3

1965 11/

25,550.7

13,065.9

7,359.7

3,587.2

1,478.6

1966 12/

27,723.7
27,599.3

11,967-5
12,022.5

10,022.9
9,864.0

3,743.3
3,743.3

1,380.6
1,380.6

1967 11/
1967-October
November ....
December 13 /

1968-January
February.
March
April
May
June

.

.

.

2/

2/

U
1/

y
2/

8/

2/

foreign
currencies
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4 2
150.4 2
143.4 IX
134.1 2j
89.9 2/

.9

Payable in dollars

Total
shortterm
claims

.7

827.
898.
968,

176.6
241.9
400.7
350.9
290.3
328.5

160.9

"32875
2.2 4,820
7.3 5,163
358.9
186.0
69.4 5,974
223-3
7,469
310.2
7,957 2127 220.8
271.2
7,631
59.3
513.5
271.2
7,734
7.81S .9
256.5
609-4
1,494.0
588.9 7/
256.5
7,853.4

29,949.9r
31,237.2r
30,683.3r
30,547.7r

13,179.
14,168.
13,907.
13,901.

11,187.7
11,409.0
ll,131.8r
Jl,007.5r

3,982.5
4,076.4

1,318.7
1,351.9
4.1-:7.7r 1,286.9
4,127.7 1,281.9

281.7
2,293.4j8,261.5r
2,357.2r8,346.4r
231.1
.
8,582.9r
229.1 7/
5
|8,606.2r
229.1 7/

J

'

30,215.7r

13,586.5r
13,771. 5r
12,723. 5r
12,820. 2r
12,054.8r
10,539.6r

ll,495.2r
ll,548.9r
ll,617.3r
ll,974.7r
13,101.6r
13,864.8r

4,045.8r 1,287.5
4,091. lr 1,231.1
4,085. 3r l,358.3r
4,079.4 l,426.4r
4,054.3 l,262.8r
4,173.9 1,314-2

2,517.6r8,434-lr
291.4
307.7
2, 541. 51-8, 527. 8r
323.3 7/ 2,583.0t8,386.5r
2,626.9*8,395. Or
299.5
320.1
2,725 -C}i-8,331.2r
323.2 7/ 2,750. 9j- 8, 244- 3r

30,773.1
31,312.3
31,388.8
31,780.1

10,859.8
10,778.1
10,384.1
10,423.7

13,879.0
14,491.5
14,820.8
15,083.7

4,113.8
4,128.8
4,203.1
4,195.5

512.3

1,408.2
1,405.0
1,429.9
1,523.8

u
73.4

1.2 1,945.
9.9 2,199.
1.6 2,542,
.8 2,624,
7.5 3,614.
2.2 4,762

4,127.7r 1,286.9
281 .
4,127.7

30,706.2r
30,950. 2r

U
u
u
u

86.1
87.9
85.2
243.0

11,131. 8r
11,007. 5r

,

Official
institutions

1.0
1.2
2.3 1,048,
1.8
904.
2.7 1,386.
2.8 1,548,

13,907.8r
13,901. 5r

.

2,585-0
508.
2,716.;
551.0 7/ 2,852.5
553.3 7/ 2,955-

For exclusions see headnote on page 79.
Data exclude the "holdings of dollars" of the International Monetary
For explanation see headnote on page 79.
Fund.
Included with "Other foreigners."
Included with "Other claims."
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 of 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 beginning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30.1
million; end 1966, $516.5 million; end 1967, $151.8 million; end March
1968, $217.3 million; end June 1968, $217.3 million; end September 1968,
$403.6 million; end October 1968, $4.03. 6 million.
Includes claims previously held but first reported as of May 31, 1963;
Also includes
as of that date such claims amounted to $85.6 million.
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.
Short-terra liabilities include a net increase of $50.8 million arising
"Official
from changes in reporting coverage, distributed as follows:

10/

11/

12/

13/
p
r

8,181.6
8,232.2
8,314.2
8,427.2

Payable

Loans to

392.

708
1.4
4.6
948,
1.0 1,018.

30,683.3r
30,547.7r

30,107. 5r
30,600. 2r
30,793.6r

July
August
September p.
October p.

2/7,213.4 2/ 3,376.39/1,618.0

in

Total
longterm
liabilities

229.1 7. , ma 7 8,582.9r
,-,
2,516.7%8,606.2r
229.1 7/

2r
8r
8r
5r

1/

Foreign
banks

Other
foreigners

Other
claims

V
U
U
y
u
104.2

245.0
290.5
490.6
557.1
494.3
328.7
503.4
627.9
451.5
584.1
660.0
883.8
1,121.6
1,076.7

100.3
319.6
292.9
361.2

222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
~~
709.2

952.6
954.9
1,373 -6

1,402.5
1,565.9
1756T.1
1,739-3
1,739.3

306.3
306.3

1,602.6
1,615-7

269.5
263.8
306.3

1,555
1,565
1,602
1,615-7

306.

in

109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.

482.1
617.6
622.4
641.8
773.9
1,054-6
1.U9.I
1,130-4
1,132.0

47.5
98.1
165.4
100.4
110.8
240.6
91.8
73.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6

35oTT

4,272.2
4,260.1
4,292.6

557.1
630.8
659.0
624.5
474.0
491.9
419.8
420.2

l,227.6r 5,021-8
l,227.6r 5,031.9

424-6
424.6

1,137 ,7r
1,190 Or;
1,227 6r
l,227.6r

1

,

143'. 3

1,144-9

i

287.9

1,553.
1,649.
1,524.
1,561.
1,618,
1,603.

1,209
1,197
1,197
1,180
1,186
1,149

287.4
299.6
302.1
266.8

1,568.7
1,572.6
1,729.3
1,705.3

1,148.4
1,151.9
1,158.2
1,179.0

304. 9r
307. 9r
280. 3r
270. 3r

1,098.2
1,837.8
2,531.1
2,573.9
2,652.9
3,429.4
4,158.8
4,559.6

foreign
currencies

7r
9r
Or
6r
3

175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
2,033.8
2,160.4
3,029.8 8/
3,971.4
4,284.7 10/

4,516.9
4,179.7
3,924.8r

433.2
410.0
424-6
424-6

3,994-4r
3,974.8r

402.6
366.1
325.0
346.8
321.1
9r 325.5

3,913. 8r

4,865.
4,916,
5,021

5,031.9
4,972,
5,009,
5,030,
5,026,
4,934,
4,877,

Total
longterm
claims

4,839.1
4,881.9
4,778.7
4,878.3

337.9
326.2
345.9
397.7

3,924-8r

3,859.2r
3,784. 5r

3,849-4r
3,790. 8r
3,736.1
3,624.2
3,609.7
3,574.2
3,644-6

institutions" -$4.0 million, "Foreign banks" +$60.3 million, "Other
foreigners" +$22.5 million, and "Payable in foreign currencies"
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 1964 of $58.1 million of
short-term U.S. Government claims previously included; and because
of the addition of $545.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 1964, and from
revisions of preliminary figures.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31, 1965, and short-term claims reported by banks reporting
for the first time,
Data on liabilities and claims below the line differ from data above the
line because of changes in reporting coverage and classification effective December 31, 1966, and because of revisions of reported data
beginning December 31, 1966.
Data on liabilities and claims below the line differ from data above the
line because of changes in reporting coverage effective December 31, 1967Prel iminary
Revised.

December 1968

81

.CAPITAL
Section

Table

2.

-

I

-

MOVEMENTS,

Summary by

Periods

Purchases and Sales of Long-Term Domestic Securities by Foreigners

1/

(in millions of dollars; negative figures indicate a net outflow of capital from the United States)

U.S. Government bonds and notes 2/

Corporate and other

Bonds 2/

Net purchases

Calendar year
or month

Purchases

Official
-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
-337.7
-75.8
-615.8
-43.5

-58.7
-19.6
-245.2
48.4

330.3

791.7

-461.3

-388.3

16.2
51.3
19.0

7.7
71.2
8.8

8.6
-19.9
10.2

64.6.O

1967

1968-Jan.-0ct.p.

1967-October
November.
December.

.

.

221.

March
April
May
June

43.6
62.7
32.7
14.1
42.5
23.1

July
August
September p
October p.

19.2
44-2
23.3
24.9

11.2
72.6
106.0
38.8

1968- January.
February.
.

1/
2/

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
1,149.4
1,077.2
680.2
585.4

684.2
283.3
330.3
333.6
294-3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
1,296.0
628.9

414.5
344.8
282.4
430.0
1,236.4
673.6
533.7

.

.

104-4
124.5
5.9
86.1
20.4

of

Foreign countries Interna-

Sales
Total

1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966

Net
purchases

Stock3

-178.0
-41.8
-91.8
8.2
-43.5
2.7

8.0
-28.5
-82.7
-13.9

Other

-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

-191.4
-65.0
-103.0
-2.8
-.5
-36.1
10.5

For exclusions see headnote on page 79.
Through 1949, includes transactions in corporate bonds.

tional
and
regional

Purchases

2/
2/
3/

Sales

Net
purchases

Purchases

367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.2
2,724.0
3,076.2
3,719.9
4,740.5
8,032.8r

Sale

Net
purchases

432.1
376.7
5L4-1
375.3
664.O
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,526.5
3,425.3
4,133.2
5,073.8
7,276.1

-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7

domestic
securities

-334-2
-89.1
-192.2
75.2
944.4
-584.3

2/

2/
2/

2/
2/
2/
2/

36.1
95.1
56.4
29.5

-521.4
301.8
-315.2
-151.2
-427.0
-121.4

107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
460.7
675.0
1,577.9
2,242.6

108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
246.4
284.4
636.7
541.9
1,929.1

-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
9.3
176.3
38.3
1,036.0
313.5

63.2

-135.9

3,519.6

1,793.8

1,725.7

10,161.5

8,461.3

1,700.2

2,964.8

8.4
-13.8
10.3

.2

187.9
132.3
178.3

433.6
310.2

-245.8
-177.3
81.9

772.3
750.4

714.2

58.1

-179.1
-58.7

859. 2r

698.2

127.7
125.1

74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
53?.

-3.5
-.1

12.7
23.0
11.1
8.0
-1.9
2.8

-38.8
4

269.1
410. Or
206. 9r
253. 4r
599. 7r
311. 2r

14-4
7.7
-8.7
-5.9

-6.4

330. Or

-84.5
-7.8

.7

.3
a

.2
•

408.6
291.1
439.6

2/

96.4

175.6i

141.5
284. 8r
31. 3r

208.9
214.2
173.2

44- 5r
385. 5r
138. Or

166.4
186.3
130.2
286.2

222.3
160.9
153-4

163. 5r

899. 6r
649. 4r
907. 4r
1,072. Or

L,211.7r
l,147.4r

l,109.6r
882.1
914-5
1,367.8

611.

32?.

111.1
197.5
-349.1
-413.3
-333.3
756. 7r

139.0
161. Or

3H.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-450.8
86.9
l,026.8r

253. lr

729. 9t
578.01
646.41
795. 3r
l,122.1r
956.8i

169. 6r
71. 4r
261. Or
276. 7r
89. 6r
190. 7r

133. lr
314. 5r
200. 5r
329. 4r
431. 5r
331. 4r

892. 4r

217. 2r

388. 8r

75.2
145.2
203.6

269.0
223.4
343.2

806.9
769.3
1,164.2

Through 1949, included with transactions in U.S. Government bonis
and notes.
*
Less than $50,000.
p Preliminary.
Revised.

Treasury Bulletin

82

.CAPITAL
Section

Table

3.

-

I

-

MOVEMENTS.

Summary by Periods

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 stacks

Foreign bonds

Calendar year or month
Purchases

265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1

801.9
1,093.3
990.5
914-8
1,198.1
1,778.3
2,023.6

490.4
634-3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
2,086.0
1,843.1
2,440.1
2,692.5
3,186.7

2,004.3

3,140.1

-1,135.9

195.2
111.9
120.3

326.0
141.9
262.0

-130.8
-30.0
-141.7

755.9
658.7
211.6
321.2
589.2
500.4
495.3

1946
1947
1943
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967

542.5

792.4
693.3
606.5
699.0
>?->.
,

,

,

1968-Jan.-0ct.p.

1967-October
November.
December.

.

.

Sales

Net
purchases

945.6

-460.

-944.0
-1,095.4
-928.3
-1,242.1
-914-2
-1,163.1

80.7
160.5

276.3
265.7

-195.7
-105.3

March
April
May
June

323. 3r

415.0

161.4
305.2
105. 4r

370. 4r

-91. 7r
-209. Or

185.4
236.8

119.8
-131. 4r

July
August
September p
October p..

167.1
140.5
114.0
446.2

253.2
224.8
225.5

-86.0
-84.3
-111.4
-240.9

1968- January. .
February.

.

.

37.0

Purchases
65.2

Sales

Net
purchases

Total
purchases

Total
sales

Net purchases
of foreign
securities

83

December 1968
.CAPITAL

Table

1.

-

MOVEMENTS.

Section II - Summary by Countries
Short-Term Banking Liabilities to Foreigners

1/

Treasury Bulletin

84

.CAPITAL

MOVEMENTS.

II - Summary by Countries
Short-Term Banking Claims on Foreigners

Section
Table

2.

-

1/

(Position at end of period in millions of dollars)

Calendar year

Country

1965

Europe :
Austria
Belgium - Luxembourg 3_/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 3_/.
U.S.S.R
Other Eastern Europe

8.5

52.3

37.4
87.1
72.2
190.2
13.2
110.2
38.3
51.4
25.5
50.1

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

16.2
66.9
61.8

90.6

90.6
73.6
227.2
16.5
110.5

16.6
65.9
37.1
78.2
87.6
176.0
19.1
58.4
34.7
61.2
25.8
54-4
75.4
97.6
37.5
244.2
13.4
30.1
2.7
18.2

July

June

16.1
83.4
37.1
78.2
87.6
179.4
19.1
58.4
34.7
61.2
25.8
54-4
75.4

5.8
61.9
37.9
70.8
83.2
100.1
17.3
72.4
42.3
55.5
17.1

98.0

104.1

September p

August

12.7
48.9
32.1
66.1
50.8
114.3
14.9
70.9
33.3
46.9
16.4
45.6
54.3
78.3
27.9
241.5
15.3

19.
10.

6.6
61.0
30.4
70.0
58.3
126.3
17.1
86.7
36.7
43.6
15.0
51.9
55.8
76.2
41.0
267.0
20.2
11.1

53.8
30.9
68.5
50.1
108.3
15.3
76.8
35.3
45.1
15.6
49.9
57.3
77.6
23.2
248.7
16.8
11.3

1.

.2

.2

31.

25.6

28.9
1,019.0

12.4
1.0
23.0
1,006.5

5.5

3.9
53.8
29.1
61.2
66.9
128.1
12.5
89.3
42.4
45.9
15.8
49.4
65.2
93.0
30.0
266.7
16.9
11.2

5.5
27.2

1,207.6

1,366.0

40.2
75.6
41.4
67.4
75.4
88.0
52.2
193.3
19.4
39.6
2.0
16.2
1,374-0

669.3

620.0

611.3

596. 8r

591 .8r

479. Or

479. Or

501.1

490.2

480.

231.7
94.1
174.1
270.1
16.4
673.7
58.5
170.3
44.7
220.0
250.1
52.5
14.0
23.0

193.5
114.5
158.7
307.7
16.2
766.5
83.9
210.7
44.5
225.7
272.0
60.7
17.6
17.1

187.5
112.4
158.2
305.3
16.2
757.4
85.2
211.6
44.5
219.7
261.0
60.7
17.6

220.8
173.3
176.8
217.5
16.1
960.4
46.5
248.5
41.6
225.9
288.9
62.6
9.6
18.2

220.8
173.3
176.8
217.5
16.1
960.4
46.5
248.5
41.6
226.4
288.9
62.6
9.6
18.2

209.6
248.9
166.2
189.9
14.6
977.4
49.8
229.4
30.2
210.8
264.6
76.9
11.2
18.9

194.8
238.2
165.5
202.0
14.5
972.5
51.5
220.1
30.9
211.6
263.3
109.3
13.5
17.3

202.7
282.9
169.2
201.7
14.5
987.6
50.1
205.3
35.7
211.5
276.1
72.5
13.1
14.8

205.6
346.9
174.1
195.4
14.5
971.0
49.8
198.9
45.3
211.2
278.0
92.7
13.8
16.4

211.3
338.8
177.4
194.9
14.5
956.9
50.0
198.3
56.0
220.4
276.6
107.7
13.6
16.1

2,293-2

2,489.2

2,453.2

2,707.4

2,698.6

2,737.6

2,813.7

2,832.6

73.0
42.1
216.0
27.8
28.0

Total Europe

16.2
66.9
61.8

May

73.2
214.6
16.5
108.0
40.2
75.6
41.4
67.4
74.1
83.0
52.2
209.9
19.4
36.6
2.0
16.2

51.9

Canada

1968

1967 2/

1966 2/

--

1.

37.5
244.2
13.4
12.6
2.7
18.2
1,237.6

49.8
62.4
34.

278,

1,156.2

1,100.5

.8

20.4
1,102.5

:

American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

15.9

2, 707. Or

,

705

.

:

f

.

.

Total Asia

Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa.

1.2
28.9
17.3
1.8
86.0
2,768.0
21.6
229.6
14.5
82.1
107.5

.7

.7

.7

.7

.7

.7

.7

.7

30.8
16.5

30.9
16.5

30.0
9.6

30.5

5.9

5.9

98.4
2,502.5
30.7
220.1
14.1
81.0
134-1

98.4
2,571.7
30.7
220.5
14.7
81.0
135-0

5.3
57.3

33.3
14.4
24.2
55.8
3,047.5
52.7

293.0
38.4
90.0
125.4

29.3
20.0
20.0
53.7
2,985.9
48.3
319.1
39.8
38.4
129.3

26.6
12.5
22.1
55.9
3,006.5
51.0
290.9
39.8
94.9
130.3

28.8
18.5
25.9
56.2
2,965.8
59.3
299.9
35.8
93.5
123.4

3,358.4

3,134.8

3,206.0

1.3
1.6
33.6
42.6
60.0

1.7
50.3
25.1
68.6

1.7
50.3
25.1
68.6

139.1

146.6

52.0
14-8

51.9
9.8

66.8

61.7

3,154.5
58.9
303.2
37.2
100.2
137.6

11.7
9.6
53.8
3,105.0
51.1
290.2
41.2
93.1
126.5

3,875.0

3,894.5

3,813.4

3,775.5

3,734.5

3,731.4

3,707.9

1.1
2.1
36.5
10.9
51.9

1.1
2.1
36.5
10.9
51.9

4.4
5.0
40.3
15.6
50.7

4.3
7.4
39.9
14.7
53.4

4.7
7.3
41.1
13.9
57.3

3.0
3.6
42.3
12.6
58.2

1.6
2.7
43.7
11.5
59.1

102.5

102.5

115.9

119.8

124.3

119.6

118.6

54.3
13.0

54-3
13.0

54. Q

13.9

50.8
12.5

50.6
13.7

56.5
13.5

56.7
15.4

67.3

67.3

67.9

63-3

64.3

70.0

72.1

:

Total Africa
Other Countries
Australia
All other

Total other countries

International and regional
Grand total

1/
2/

T

/,'..'

:

51.9

9.8

.2

.7

.2

7,734.5

7.818.9 2/ 7.853-4 3^
i

i

.1

8,582.9rg/ 8,60b.2r2/

Excludes convertible foreign currencies held by U.S. monetary
authorities
Data in the two columns shown for this date differ because of
changes in reporting coverage. Figures in the first column are
comparable in coverage to those shown for the preceding date; figures

3_/

p

8,331.2r

.8

8,244.3r

.7

.4

i^^_

8,314-2

in the second column are comparable to those shown for the following
date.
Through December 1967, column 1, Luxembourg included in "Other
Western Europe."
Preliminary.
Revised.
r

.

:

December 1968

85

.CAPITAL
Section

Table

3.

II

-

MOVEMENTS.

Summary

by Countries

Long-Term Banking Claims on Foreigners

-

(Position at end of period -'in millions of dollars)

Calendar year

Country
1964
Europe
Austria
Belgium-Luxembourg l/. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/.
U.S.S.R
Other Eastern Europe.

1965

:

Total Europe.
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama

Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

13^.9
86.5
56.8
66.1
66.3
159.5
50.3
382.7
15.2
274.8
82.4
73.1
109.1
37.3
.8

87.4
3.3
19.9

77.3
95.1
43.4
67.2
58.4
193.2
84.O
342.1
7.3
221.9

90.2
72.4
93.4
37.5
2.0
86.0
4.4
10.5

13.3

5.5

1,719.6

1,591.?

327.3

358.4

169.1
17.5
47.3

66.3
152.2
52.7
73.9

:

American Republics
Bermuda
Antilles and Surinam.
America

Total Latin America
Asia
China Mainland
Hong Kong
India

Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

.6

.6

512.0
80.1
49.1
37.0
100.6
99.2
37.2
33.8
5.0

476.8
73.2
89.1
44.2
98.3
119.0
39.2
8.0

1,275.3

1.295.6

2.0
30.9

2.6
34.5

28.6
429.9

27.8
444.7
3.9
250.5
4.8

3.7

144.2
3.4
7.8
34.1

Total Asia.

684.5

Africa
Congo ( Kinshasa )
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

2.0

5.3

61.7

835.8

:

Total Africa
Other countries
Australia
All other

International and regional

6.6

.1

.1

22.8

118.2

38.1
11.9
151.0

155-9

207.8

.5

:

114.8

Total other countries

Grand total

14.3

121.6

.

4,284.7

Treasury Bulletin

86

.CAPITAL
Section

Table
Un

1/

4.

-

Net Transactions

II

-

MOVEMENTS.

Summary by Countries

in U.S.

Government Bonds and Notes by Foreigners

1/

thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States).

For exclusions see headnote on page 79.

..

.

December 1968

87

.CAPITAL
Section

II

-

MOVEMENTS.

Summary by Countries

Table 5. - Net Transactions in Long-Term Domestic Bonds,
Other Than U.S. Government Bonds and Notes by Foreigners
(In thousands of dollars; negati ve figures indicate net sales by foreigners or
a net outflow of capital from the United States)

Calendar year

1968

Country
1965

Europe
Austria
Belgium- Luxembourg l/. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden.
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/.
U.S.S.R
Other Eastern Europe....

1966

1968
through
October

1967

May

July

August

September p

October p

:

343
8,203
-3,594
7
17,093
1*2,665

7

4,362
50

131*

2,21*1*

293

15,162

102,208

2,61*1*

>*,322

13,21*5

1*6,928
2,6ll*

21*

-22

11

39

50,700
76,315
29
16,668
14,971
-3,581

113,870
37,821
277
21,199
8,911

129,368
229,201*

38,21*9
36,11*7

k,5kO

-126

Canada
Latin America :
Argentina
Brazil
Chile

American Republics...
Bermuda
Antilles and Surinam.
America

l*,606

121*

1,010

1*,1*21

17,61*5

1,655
345

13,339
it, 150
7,833
3,842
848
157
257
388
60,053r
-10
26,488

10,82lt

542

33,831
11,993
377
632

618

368,1*01

10,633
3,008
125
176
4,633
107,335r

28,229

-10
525,032

151,283

83,117r

1,935

23,051
606
922
3,207
51,195
-87

3"*9

16

1,284
8,547
129,545
-50

-1,121*

9,313
177,076
120

-123,1*30

l*l*l*,632

-337,1*12

1,21*1

12,51*3

2,706

2
15,801*

-42

25,799

-1
VYc.PfiM

-1?
1*3,212

1,511,533

-4,492

-6,506

1*0, 51*1

83,998

4,765

257
-1,212

378

21*6

-1

-31*

213

-175

-311
-1
644
-567
-28
226

161*

2,103
152
226
10

187
303
132

28

81*

1*53

12lt

90
-20
153

-9,l>t7

lit, 1*68

-8,191*

9

68
-603

ll*3

78
28,285
2,936

6

-1*

3,086
584

-1,625
846
4,852
36,757

9,584
5,922
-2,294
61
-45
-443
22,584

6,944
52,925
131
3,091
-56
-198
-89
168
946
10,998

58,581

12,639

22,441

-897

1,206

265

17,086
58,894
1*7

-1*

-686
-1,558
-87
18
51
-9l*9

7,968

2

22

546

,

ill*,

098

69

1,050

211*

1,31*1*

21*1

12l*

8,297
80

272
239

-103
27

1*1

-It

58

1,17"*

11,151*

135
103
3,732
1,929

-1*3

112, 1*01 r
17,11*1*

-111
-89
-121
-68
178

'.:•-]

Ul,295r

200,379

16, UlO r

-1,359

^,504

173
114
-9
37

151
-1

103
9
-27
5

68,281*'

-1,040
738
137
-37
-30
97
2,237
1,698
-346

-146
106
88
154
147
-64
2,951
9,080

-200
-85
-45
-114
227
-18
-4,958

U,2l*2

-139
-52
13
4

2,605
98

h&

535
92

251
3,063
-2,826

10,3lt7
3,3"*5

1,199
736
6,875
10,101

-1*

-221

1*22

-368

-16

-40

-12
-73
lOU
239
-9,268
-5,156
-32

159

l6,3Ql*

30,702

17,642

6,293

5,732

3,544

12,631

-2,911

-11,669

1,676
116

-51*1*

1,1*39

919

-321*

-743
-9
-20

260

-510

-2
-18
28,322
773

6
-22

248
-1

-9,165
170

3,927
16

b7

121

2,697
-19
35
17
1,369

-24,040
67

112

2,1*68

73l*

9
967

10
-11
2,218

1*02

Total Latin America
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel

1
2,0lt7

60,l81t

5

Total Europe

Colombia
Cuba
Mexico
Panama.
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

ItU

22,225

621*

313
2,1*1*3

-1*1

2,518
3,255
-J±.

.

,099

:

Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia

.

-61

-201*
1*0

-2

131

869
18

1
1

2,1)60

1*1*1

5-091*

^ ' •?

',/>'-

-2.887

-2

25

..

Total Asia

-5
-4
919

Total Africa

1

-5
-11
-20
-1

-2,879

165

33,839

-130

It

-2,931*

391

33, 934

-167

-12

-11*3

65
585

Ik, 122
1

3,110
637

-11*3

650

lit,

123

3,71*7

87

811

21*3,61*9

113,390

111,990

-45,741

-13

71*

3

-1*2

153

66

1

-7

17

1

118

492

1,056

57

-27

-6

-5
841

-180

-131

1,009
708

738

jLL.

-14

Total other countries.

. .

International and regional :
International
European regional
Latin American regional..
Asian regional
Total international and regional
Grand total

1/

P

lit,

_^

il2_

-16

Other countries :

Australia
All other

2

-2

1*

,

Africa :
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

5

ft

-97

L_

z_

7

10

24
-11

3,015

3.015

2,020

1,570

8,594

67,507

113,1*34

-27
8,01*6

.

lit,

811

:V' 4
:

21*3,61*9

121,1*09

1,036,01*9

Through 1967, Luxembourg included in "Other Western Europe."
Preliminary.
Revised.

m,
k7S

''<

-1*5,71*1

385,l*88r

2,020

1.57C

l63,543r

8,594

222,328

'

"

'

160,922

113,431*
i

.-..

.-

Treasury Bulletin

88

.CAPITAL
Section

Table
(

6.

-

II

-

MOVEMENTS.

Summary by Countries

Net Transactions

in

Domestic Stocks by Foreigners

In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow o

)

.

December 1968
89

.CAPITAL
Section

Table

7.

-

II

Net Transactions

-

in

MOVEMENTS

Summary by Countries
Long-Term Foreign Bonds by Foreigners

(In thousands of dollars; negative figures Indicate net sales by f oreigners
or a net outflow of capital from the United States)

Calendar year

Country

1965

Europe
Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Greece
Italy

1968

1968
through
October p

1966

1967

-16,064

-13,299

74,042
4,137
1,009
28,322
-8,576
14
59,797
-1,759
-969
-11,481
-332
-8,422
62,582
-327
-6,764
528
-81,867

33,234
-16,161
-10,376
30,156
37,479
2,101
31,683
-3,931
-1,650
1,754
-3,499
-1,561
53,914
-49

May

June

July

August

September p

:

Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.S.S.R
Other Eastern Europe

1.247
9,787
-8,855
-25,842
23,887
9,138
15

,

Total Europe

10,522
3,488
-4,073
-20,004
-281
-34,244
85, 147
-147
-43,759

-29,588
102

-23,460

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

-6,534
2,633
1,233
1,788

31,67
400

-32,112

1,157
42,101
-3,459
8,557
14,139
25,812
2,389
18,510

58

4,902
186
-627
-1,622
709
890

732

-3

3,477
11,119
-5,936

-8,407
201
4
-195

55
-2

755
147
42

-32
5,943
-311
679
2,893
2,017
505
5,785

41
234
-365
584
-619
-479

-247
4,743
1,297
969
3,127
3,010

-1

-40
3,111
519
305
510
-22
-754
2,011

228
524

-3,036
-30
8,068

75

53

14
12

354
27,863

-489
2,948

2,231

-887
-3,764

743

2,053

9,828

-223

7,588

-107
-446

40

33

-1,242

-1,981

-1,483

2,188

60,612

li

54,720
-34
-12,907
393
3,069

80
1,277
695
425
-448
2,010
-292

2

52

93,872

139,805

-829,023

-748,575

'.

1- .,..!'

-•

!,.;':

-4,651
19,315
3,299
280

15,907
13,327
2,246
-1,137

-19,365
-12,444
2,144
-1,877

-1,905
311
-19,266
3,166
3,203
-8,007

-36,870
3,461
-3,075
1,414
218
2,721
-3,551
-140,828
-1,645

-28,216
28
12

-65,061
-21,286
115

1,242
--

-65,414

247
241
418
40

-893
-1,982
202
-9

2,934
544
-363
84
-146

-2,281
-2,640

474

1

247

-75

-334

-390

3,794
-739
-133

-3,496

4,227
324
-389

....

..-'

.

-4

27
278
555
-805
-58,692
-210

-92
-2,438
-689
-208

861
249
-414
-13
326
128
-905
-30,714
-210

',".,'-

572

-33,374

883

3,793
254

-10,728
995
-1,618
-83
16,239
-1,633
2,713
1,398
-2,480

-35,184

-17,149

35, 146

-209,697

-4,230

837

2,534
-2,657

-1,797
4,558
-2,000
-97,853
9,834

361
-14

-948

113
796

-1,853
2

-76,273
-48.25C

1,393
1,252
-14
-54,802
8,552

-6,310
836

-13,138

1,551

-9,759
359

-7,733
292

-21,113
2,951

-14,124

-1,549

12

25

-1

739

6,99C
-10,67;

9,790
30,004

20
-1,404
-101

-141,51 3

4,635

4,47^

26
4,466

-31,019
1,661
801

2,852
-5,017
208
-2,688
-1,981

-16,9a

62

10
-449
-14=

-6,010
-202
-1,402
171
-210

-170
489
1,993
392
-210

-':

:

Asia
China Mainland
:

Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

5

-22

Total Asia
Africa
Congo ( Kinshasa
Morocco.
South Africa
United Arab Republic (Egypt)
Other Africa

-13

-180,947
-5,994
1,000
-4,420
1,761
365
35,509
-If-'',-'-.

r

-l

1

-400

2

2

1

1

1

1

22,334

-927

-254
2,019

-269
-56

-13,434

-7,125

,614

-1 Q ,514

59

5

42

-1,803

109

105

-1,648
-1,391
3,024
3?,"^-48,330

17,220

1

42

:

Total Africa
Other countries
Australia
All other

International and regional :
International
European regional
Latin American regional
Total international and regional..

y
3

-1,07(

11,542

11
212
2,357
-1
-21,116

3,409

16,033

-18,537

-27,366

-1,649

-42,291
-14,99(

20,376
-21,850

-10,236
-15,485

5,848
4.515

935
312

695
852

-30

-57, 28 7

-1,474

-25,721

10,363

1,247

1,547

564

-153,219
-11,573

-111,473
-20,339
-40,000

-264,207
-16,280
-111,911

-265,146
1,125

143,665
48
-6,800

2,649
47

-13,997
489

-5

5,004
210
5,379

4

4,410r

-3

-37,956

-1,657

-12,966
-8,556r

-1,744

151

:

Total other countries

Grand total

-1

-l'-.,7' "'.

-1,242,065

-171,812

-914,188

Through 1967, Luxembourg included in "Other Western Europe.
Revised.
r
Preliminary.

1,163,142

452

'-1,135,8

1.-

,•!:

119,802

-131,439r

594

1,353
649

-532

960
428

-12,685

-17,903

134

40

'::

-13,508

-1.

-86,011

-84,275

-:-.

'

-111,440

Treasury Bulletin

90

.CAPITAL
Section

Table

8.

-

II

-

MOVEMENTS.

Summary by Countries

Net Transactions

in Foreign

Stocks by Foreigners

(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow 01 capital from the United
States)
-r
n

—

'

'

Calendar year

Country

1966

1965

Europe
Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
N orway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.S.S.R
Other Eastern Europe

1968
1968
through
October p

1967

May

June

July

August

September p

:

-13

27,517

-58
-1,827
40
-1,301
-52,273
-23,554

5

-205

41

789

-1,360
92,039
-37
249
189
5,775
22,556
-499
-31,317

-653
-2,323
12

-59
7,283

-191
-8,015
-22
-75
-17,999
7,706
-20
-824
39,703
-189
-58
-8,856
1,502
10,410

-7,698
48,361
-389
107
-6,491
1,106
-16,289
-54
-78,610

-156,423

4
803

2,405

-1
-119

131,916

119,976

136,484

164,116

102,608

-19,706

224
-67
481
126

-785
-151
-272
134

90,199
-116
85

1,078
5,631
14,786
205
4,600
-505
440

-2,095
-4

-8,297
948
-1

-372
544
24

-319
1,564

65

-28

-56

-904

375

-202

-83
185
-2,592
-7
267

-5,883
366

162
675
-3

7

-338
684
-11
408
695
-36
-8
137

2,694

6

-328
6,254
-15
-21

-74
6,686

-1

274
1,265
-2,471

4,703

-29
-16
-l,482r
256
171

-5,329
-1
27

-1,966

-5,832

-62,381

-1
-99,083

-14

-145

-19

-296

-133,472

-11,139

5,555

-55,083

,698

159
655
-143
-96
31

-4,089
-69
-13
247

17
-37

122
-473

-3,150
-77

96
-680
468
-1,575
13,238
-1,795
-147

115

435
-978
6,866
-556
-100

-3,638
-6,742
-1,098
-1,207
-201
-211
1,597
-988
-168

-183
-240
-168

2,421

-16,580

39

104
31
3,243

49

-1

26
2,644
-2

16
-2

22

Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama

4,967
274
-261
-17,729
27,459

-7,452r

-59,008

3,110

9,450

-26,339

==—

:

Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

15

-7,916
-794
348
-370
American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America

89
159

-10,929
-1,045
-100
-19,779

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

-740

-'.,]-'

-3 ,993
-22

2

47
223

-19
-2

-545
-24

-425

166
1,044
-343

-283
-92
-19
-78
47
-108
291
-367

-1,307

-3,954

-623

-2,418

-947

2,676
-19

231
-4

-818

343

666

-524

-2,110
-5,839
-347
4,920
-43

17
-491

-2,186
-3,648

-8
-737

34
1,034

-2

46
-30

75

-27

136
6

3

60

-150
,7,"'..

275
-1,409

-467

-39

75

-31

-647
-13
18
-77
184
-205

-546
1
38

-60
-23
-18
-6

5

-464
-331
-34
-110
36

-924
-59

-1

13
-7
-3

-242
384
-161
-86
-92
4
-982

226

:

Total Africa

-4
-2
69

145

-1
60

Q ,177

-3 ,095

-1,012
-13

-46
10
-13
307

'

-8,675
-2
11,615
6

-121
-186

-1,921

-16
-30
-291
-7
-155

-7
37
-78
-276

-709
-4
-1,053

-499

-322

-1,741

3,373
-4

-110
-62

-1,373
2_
-1,371

2

20
5

9

-5

-5

32
3

4

914

1-054

161

823

-7
17
-13,333

-2,196

-3,375

-367

-3

55

^2_
-6,622

-4

-13,690

-337

1

-1,103
6
483

2

-2,133

-444

-3,320

-2,131

-912

-84

-12
6

-81
-12

42

-275

-93

57

-283

-860

-378

-546

:

Total other countries
International and regional
International
European regional
Latin American regional

3,369

-153

17

15

-138

17

-2,271

34

15

:

Total international and regional

r

3

224

(

1/
p

-2,210

1

! .-

Africa:
Congo Kinshasa
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

Grand total

1

855

1

Total Asia

Other countries
Australia
All other

4

1,575
-38

360

>J
289,549

500

-372

500

-372

-2,271

228,849

-156,763

-221,073

Through 1967, Luxembourg included in "Other Western Europe."
Preliminary.
Revised.

3L-22,473

-656

-656

-19,011

-860

-2,046r

-378

-546

-87,271

-92,357

.

December 1968

91

.CAPITAL
Section

II

MOVEMENTS.

Summary

-

Table 9.- Estimated Holdings of U.

S.

by Countries

Government Bonds and Notes

(Position at end of period in millions of dollars)

December

Country

1965

1964

Europe
Austria
Belgium -Luxembourg l/. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/.
U.S.S.R
Other Eastern Europe

1968

1966

1967

June

May-

:

13

12

1

1

2

7

7
2

7
2

1

2

9

5
1

11

6

5

4

51

46

ft

Total Europe

2

2

2

I

40

24

24
93

24
91

26
92

VK

553

348

380

427

50

50

36

7

7

721

Canada

690

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

7
71

711

377

:

.

1

2
1

1

.

2
2

4
16

Total Latin America

16

^_

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

1
2

1
2

2

2

16

17

-25_

:

1

1

1

1

1

1

1

1

5

9

9

9

10
*

H

2

2

*

40

Total Asia.

38

16

Total Africa.

51

51

15

19

19

15

19

38

:

Total other countries.
International and regional
International
European regional
Latin American regional
Asian regional

1

:

Total international and regional.
Grand total

2

ft

51

Africa:
Congo ( Kinshasa )
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

Other countries
Australia
All other

2

2

827

250

168

76

75

35

752

325

204

2,329

1,713

1

903

Note:
Data represent estimated official and private holdings of U. S. Government securities with an original maturity of more than one year, and
are based on a July 31, 1963 survey of holdings and regular monthly
reports of securities transactions (See Table 4). For exclusions see

July-

August

September p

October p

Treasury Bulletin

92

.CAPITAL
Section III

Table

1.

-

-

MOVEMENTS.

Preliminary Details by Countries

Short-Term Banking Liabilities

to Foreigners as of

(Position in thousands of dollars)

October

31,

1968

1/

December 1968

Treasury Bullet}

94

.CAPITAL MOVEMENTS.
Preliminary Details by Countries
Section III
Long-Term Banking Liabilities to and Claims on Foreigners as of October
-

Table

3.

-

(Position in thousands of dollars)

Long-term claims payable in dollars
Total
long-term
liabilities

Country-

Europe:

Austria
Belgium-Luxembourg
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

500

Total Europe
Canada

Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi co
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 (Kinshasa)
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
Asian regional
African regional

:

,

,

,

Total international and regional.
Grand total

,

Total
long-term
claims

Total

Loans

31,

1968

December 1968

95

.CAPITAL MOVEMENTS.
Table

4.

Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During October 1968
(In thousands of dollars)

Purchases by foreigners

Domestic securities
Country

Total
U. S.
purchases Government
bonds and
notes

Europe
Austria
Belgium-Luxembourg. .
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.

8,660
58,195
5,568
5,-481

109,929
120,486
1,798
44,740
59,420
13,619
1,197
9,581
8,446
744,383
201
329,764
1,500
11,375

Canada

21,103

21,243

2,660

6,011
9,083
1,427
2,295
11,822
9,263
1,567
4,971
9,086
3,650
87,739
61,292
352

Total Latin America

5

500

102

607

China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

1

Total Asia.
Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:

Total Africa
Other countries:
Australia
All other

Total other countries

,

:

Total international and regional...

For exclusions

84

374,346

Asia:

L,

25

1,534,600

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

Irani total

17
14

257

Total Europe

International and regional
International
European regional
Latin American regional
Asian regional
African regional

.

226,198

2.494.096
see headr.ote on page 79.

i,

Treasury Bulletin

96

..CAPITAL
Section IV

Table

1.

-

-

MOVEMENTS.

Supplementary Data by Countries

Short-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)

1967

1966

1968

Country
June

Europe :
Austria
.*..*
Belgium-Luxembourg 2/
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

Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

3,311
31,913
1,617
668
48,189
69,543
3,000
26,513
64,870
1,727
6,202
22,603
12,030
60,788
4,004
141,158
1,053
2,430
73

September

December

3,069
29,674
2,399
953
56,587
80,933
1,962
51,881
66,949
2,148
5,760
24,960
14,380
57,699
4,078
201,374
2,059
3,214
133

1,884
32,405
3,244
766
61,839
78,099
2,109
54,082
67,729
2,333
8,723
26,526
16,939
58,267
2,205
207,747
935
3,864
308

September

March

June

1,500
33,791
5,334
905
60,672
80,811
2,412
62,335
79,786
2,311
7,342
29,504
19,387
47,264
1,785
236,139
4,679
156
777

2,455
27,736
7,527
1,558
54,879
85,204
2,458
64,982
78,133
3,313
5,086
36,067
20,693
51,359
1,694
243,525
206
4,554
110
694

1,700
32,279
7,943
2,287
60,769
94,304
2,999
65,622
82,346
3,236
5,863
34,866
23,708
84,474
2,127
311,522
601
2,875
212

792

December 1/

2,196
26,505
7,431
3,111
64,228
91,772
7,772
60,505
78,769
3,783
5,601
30,880
23,867
85,704
2,908
306,444
131
3,931
348

2,196
26,505
7,431
3,111
64,223
91,772
10,728
60,505
78,768
3,783
5,596
30,880
23,867
85,704
2,908
306,444
131
3,930
348

2,387
29,276
38,465
3,990
67,618
108,092
12,114
59,356
67,661
3,572
4,305
34,196
16,553
63,483
3,498
251,009
158
4,442
208
360

438

841

732

732

502,130

611,053

30,545

677,682

692,233

——j—L

806,618

809,562

770,743

116,894

137,554

146,357

172,707

198,843

190,000

200,355

205,129

190,951

5,331
11,049
4,070
7,199
146
9,631
5,201
1,298
25,561
12,051
1,172
9,287
1,505

5,839
1,388
25,276
18,473
1,592
6,913
1,739

5,511
10,455
4,249
6,590
282
11,086
9,744
7,191
1,154
36,296
19,897
3,142
7,197
962

2,649
10,822
4,520
4,840
257
15,851
3,838
6,428
1,364
38,072
15,150
6,660
6,135
1,459

3,631
10,058
5,970
9,033
256
15,541
2,524
5,406
1,066
37,172
17,142
4,822
8,348
1,358

4,336
9,618
7,028
12,989

4,050

5,664
9,070
3,181
5,464
273
10,409
9,145

255
11,607
2,125
6,798
1,385
35,639
19,334
4,413
5,298
1.312

3,530
9,092
7,815
8,648
254
10,270
4,053
6,137
865
32,826
23,565
7,601
5,379
875

3,530
9,092
7,811
8,647
254
10,270
4,053
6,136
865
32,826
23,548
10,937
5,378
867

5,030
13,391
10,239
6,263
250
7,401
4,791
6,080
1,510
34,508
14,971
8,757
5,325
1,966

97,551

104,426

123,756

118,045

122,327

122,137

120,910

124,214

120,482

1,066
2,206
20,189
10,187
2,387
27,140
1,589
6,920
5,762
1,408
36,766

1,077
2,286
17,143
2,256
2,271
22,802
3,815
7,215
7,227
1,061
33,967

1,086
3,017
16,828
1,900
2,356
27,017
2,864
7,234
4,191
3,729
29,535

1,102
3,830
13,499
2,116
474
29,529
1,545
6,127
5,044
3,847
39,503

981
4,045
15,131
3,722
660
37,548
1,808
6,824
2,005
3,586
38,102

717
4,092
11,895
5,188
1,125
44,250
882
7,122
1,351
4,843
44,217

832
4,775
11,883
4,457
2,571
62,166
985
7,562
4,805
4,888
45,313

832
4,775
11,883
4,456
2,571
63,147
985
7,561
4,805
4,888
45,290

832
3,535
13,495
4,180
4,369
75,186
1,490
7,956
6,338
2,441
45,310

115,620

101,120

99,757

106,( !•

114,412

125,682

150,237

151,193

165,132

498
411
10,939
1,554
8,334

867

701
445
5,324
1,979
7,036

716
583
8,098
1,932
7,593

731
371
6,864
2,520
10,985

439
455
7,781
3,454
11,171

439
455
7,781
3,454
11,168

682
408
7,367
4,452
15,692

iO.

525

:

American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:

Total Asia

Africa :
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa

Total Africa
Other countries
Australia
All other

21,736

18,913

24,236

15,485

18,922

21,471

23,300

23,297

28,601

34,941
4,989

50,986
3,941

58,399
6,027

51,811
6,025

49,229
6,749

61,399
8,115

58,146
6,925

58,146
6,925

46,979
5,410

",'""

54,927

64,426

57,836

55,978

69,514

65,071

65,071

52,389

26

15
63

12

38

31

30

30

27

13

1

1

39

y

9,955
1,577
6,

:

Total other countries

International and regional :
International
European regional
Latin American regional
Asian regional
Total international and regional
Grand total

La

637
359
16,809
1,226
5,205

373

893,900

12

38

1,089,089

1,148,409

Note: Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States.
Data
exclude intercompany accounts between firms in the United States and
their affiliates abroad. The detailed breakdown of the most recent
data is shown in Table 3 of this Section.
1/ Data in the two columns shown for this date differ because of

2/

31

31

1,202,742

1,349,093

:..."'

,:.'.-"

31
i

27

1,378,4971/ 1,328,325

changes in reporting coverage. Figures in the first
column are comparable in coverage to those shown for the
preceding date; figures in the second column are comparable to
those shown for the following date.
Through December 1967, Luxembourg included in "Other Western Europe."
Preliminary.

December 1968

97

.CAPITAL
Section IV

Table

2.

-

-

MOVEMENTS.

Supplementary Data by Countries

Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1966

1967

Country
June

Europe
Austria
Belgium-Luxembourg 3_A , .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 3_/.

September

December 1/

March

September

June

December 2/

June p

:

110,571
41,873
6,969
7,582
63,120
29,898
20,000
6,373
492,056
1,885
9,402
974
4,838

7,212
41,566
10,242
4,264
102,442
119,919
15,207
106,994
41,799
8,677
6,075
51,152
27,238
21,889
6,236
598,787
3,988
9,182
114
2,389

7,644
53,015
13,705
4,121
110,288
123,478
14,984
101,000
47,991
8,180
6,677
61,143
36,035
17,876
5,935
579,111
3,907
11,488
73
2,189

119,407
16,792
98,068
45,364
6,515
6,026
75,828
17,713
26,305
6,531
646,391
4,246
12,267
153
2,874

1,070,197

1,185,372

1,208,840

1,292,607

550,379

508,933

489,397

481 ,925

35,034
78,474
30,966
22,084
2,846
78,861
12,594
27,897
5,098
49,289
54,543
8,074
2,971
9,190

36,786
72,672
30,958
20,945
2,640
78,004
12,104
27,842
6,222
49,364
59,340
10,752
4,067
10,704

39,278
64,654
31,772
25,338
2,543
94,764
12,497
31,095
6,952
62,364
60,280
17,540
4,483
9,850

39,045
60,674
29,929
23,552
2,473
96,002
11,496
31,480
6,517
55,703
62,220
11,756

417,921

422,400

463,410

110
6,638
29,216
2,874
3,564
154,801
3,579
18,156
4,295
9,280
76,332

62
6,479
32,388
2,819
4,568
145,833
5,127
17,108
4,618
10,592
69,103

33

7,078
33,870
6,570
4,620
163,895
5,084
17,422
7,163
11,006
74,649

87
6,677
33,341
4,990
4,727
162,634
6,806
17,112
11,997
9,942
87,588

308,845

298,697

331,390

345,901

356,619

1,431
2,499
17,918
16,803
27,369

1,739
1,204
16,859
11,384
27,931

1,694
2,743
23,531
10,786
30,013

1,607
3,015
16,036
9,431
31,771

Total Africa

66,020

59,117

68,767

Other countries :
Australia
All other

45,127
9,914

56,529
6,611

55,041
287
69
231

U.S.S.R
Other Eastern Europe....
Total Europe

Canada
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico

Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

American Republics...
Bermuda
Antilles and Surinam.
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

6,577
44,817
7,995
5,527
93,829
97,762
18, H9

8,396
62,881
11,257
4,470

1,286
3,655

6,663
45,347
9,203
5,758
98,952
110,829
19,735
92,689
44,789
7,522
5,584
77,034
20,163
24,111
7,366
541,662
3,319
12,554
1,491
2,854

1,155,422

1,137,625

1,367,220

1,450,530

1,840,650

2,240,173

460,637

544,583

544,583

499,367

558,911

29,354
74,623
26,268
20,256
2,340
117,695
13,526
32,067
6,315
53,861
59,146
23,847
4,676
7,374

28,699
84,731
33,517
a, 852
2,104
113,817
13,534
28,965
4,525
58,698

9,333

34,946
59,671
31,317
24,170
2,422
124,999
10,270
28,974
8,646
52,676
56,479
20,851
4,763
9,736

23,180
6,602
10,141

27,950
83,710
34,240
21,847
2,104
114,275
13,152
28,715
4,525
57,259
64,299
23,035
6,520
10,125

28,254
83,636
31,117
25,281
1,915
109,358
10,078
27,533
3,544
62,732
58,913
34,712
4,774
9,482

31,380
86,152
30,230
24,705
1,877
85,178
11,645
28,282
4,696
58,987
62,875
36,068
6,046
7,912

444,701

469,920

471,348

490,486

491,756

491,329

476,033

H3

115
11.156
38,819
2,631
5,306
194,941
7,923
21,565

66
10,460
36,616
6,292
10,107
173,519
13,478
22,363
11,899
15,188
90,311

ia,123

4,5a

9,205
39,396
9,662
5,266
101,977
120,674
18,207
80,385

46,5a
6,981
6,807
62,189
18,237
23,735
8,380
576,606
3,041
13,

a2

8,412
42,382
9,186
5,565
134,046
20,075
103,055
51 260
7,674
6,943
90,359
23,801
29,349
8,597
689,907
3,788
13,952
1,282
6,966

8,401
41,999
9,179
5,562
110,597
134,045
19,983
103,075
51,243
7,664
6,943
90,060
23,751
29,347
8,590
774,150
3,788
13,905
1,282
6,966

110,6a

,

60, ia

20,356
43,870
9,680
7,012
128,239

8,697
8,503
136,227

a3

126,7a

19,956
111,491
78,373
9,631
88,434
26,322
30,914
8,546
1,095,388
6,335
12,431
2,042
7,846

23,778
118,093
85,834
9,871
8,305
71,990
25,870
32,511
9,167
1,482,069
5,589
13,444
1,543
8,077

128,

5,571

9,652

54,a2

:

Total Asia.
Africa
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

10,818
9,502
89,115

7,700
30,438
8,762
11,922
87,276

1,150
7,259
41,768
5,763
6,783
197,319
11,925
25,591
10,179
12,877
84,845

'..

416,293

390,926

405,459

1,799
2,316
16,325
6,851
30,635

1,862
1,591
14,495
6,689
29,587

2,665
2,964
14,455
6,880
31,122

2,665
2,964
14,455
6,880
30,852

3,657
4,772
16,768
4,770
32,243

6,475
2,278
15,727
5,913
35,466

61,860

57,926

54,224

58,086

57,816

62,

ao

65,859

57,600
8,049

53,751
7,635

44,140
6,134

43,581
6,526

56,868
7,128

58,345
8,167

53,901

9,830

57,434
8,918

63,140

65,649

61,386

50,274

50,107

63,996

66,512

63,731

66,352

468
163
300

343
58
9

281
13
19

408

554
129
68
13

208
10

208
10

404

603
54

11

11

24

229

8,596
35,375
4,605

4.2U
178,545
6,207
22,550

9,6a
8,150
78,583

24

8,062
42,642
3,309
6,406

a2,130
7,744
26, 541

9,864
10,244
77,830
!8l

'

.

J

8,059
42,197
4,097
6,406
184,045

:

Total other countries.

International and regional :
International
European regional
Latin American regional.
Asian regional
Total international and regional.
Grand total

I

931

2,468,990

2,538,590

313

438

764

2,688,693

2,584,954

2,555,099

410

2,627,8631/

Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States.
Data exclude
claims held through United States banks, and intercompany accounts beStates
tween firms in the United
and their affiliates abroad.
The detailed breakdown of the most recent data is shown in Table 3 of this SectionData include $4,255 thousand of claims reported by firms reporting for
the first time.

Note:

1/

587

4
26

2/

3/
p

55

3

127

2 940 , 893.2/3 , 002 ,3522/
,

7 1-

3,363,229

3,798,£U

Data in the two columns shown for this date differ because of changes
Figures in the first column are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Through December 1967, Luxembourg included in "Other Western Europe."
Preliminary.

Treasury Bulletin

98

MOVEMENTS.

.CAPITAL

Supplementary Data by Countries
and Claims on Foreigners Reported by Nonbanking Concerns
Details as of June 30, 1968p

Section IV

Table

3.

Short-Term

-

Liabilities to

(Position in thousands of dollars)

Liabilities

Payable

Country

Total
dollars

Europe
Austria
Belgium-Luxembourg
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

Claims

Payable in foreign
currencies

Payable

Payable

in

foreign
currencies

Total
dollars

Deposits with
banks abroad
in reporter's
own name

Other

:

,

3 ,302

269 ,660

846
5

,804

1,842
42,223
2,760
3,846
65,448
53,314
13,433
49,484
55,929
3,305
6,017
42,953
23,292
54,184
2,803
208,570
822
5,523

55

Total Europe
Canada
Latin America
Argentina
Braz il
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

3 ,038
47 ,275
2 ,868
3 ,997
91 ,970
126 ,594
14 ,652
59 ,486
81 ,097
4 ,202
6 ,425
49 ,534
23 ,749
69 ,903

1,196
5,052
108
151
26,522
73,280
1,219
10,002
25,168
897
408
6,581
457
15,724
499
61,090
24
281

8,697
8,503
136,227
126,741
23,778
118,093
85,834
9,871
8,305
71,990
25,870
32,511
9,167
1,482,069
5,589
13,444

1,5a

32

1,543
8,077

7,869

94

114

S.t+'l

2,240,173

2,120,617

62,502

57,054

9,652
54,212

5,242
49,739
8,508
7,716
125,928
121,161
22,592
106,852
83,850
9,008
7,761
64,705
25,573
28,040
7,782
1,417,865
5,567
13,318

515
3,536

3,895

59

937
114
100
6,941
4,150
537
6,246
666
691
261
1,853
238

3,968
928
34,926

457
29,278

13
62

64

75

687
3,358
1,430
649
4,995
1,318
172

283
5,432

503

9

7a

55
70Q

865,203

636,512

199,489

126,359

73,130

558,911

395,509

43,569

119,833

,695
,930
,751
,929

1,250
1,486
1,004
2,318

4,286
51,921
51,726
34,601
5,813
7,095

550
1,882
508
1,244
1,821
661
256
536
111
1,695
3,966
1,157
112
354

2,820
2,854
1,775
2,154

275
26,875
6,853
230
97
271

31,380
86,152
30,230
24,705
1,877
85,178
11,645
28,282
4,696
58,987
62,875
36,068
6,046
7,912

28,010
81,416
27,947
21,307

,525

4,445
16,444
10,747
6,611
250
7,627
2,597
4,390
981
7,704
11,012
12,111
3,467
1,254

133,265

89,640

43,625

476,033

426,367

14,853

34,813

831
3,765
14,264
4,686
16,820
78,280
1,000
7,630
3,571
1,754
43,858

831
3,190
12,691
4,599
16,580
56,859
856
6,006
3,309
1,007
33,486

8,687
30,434
6,183
8,851
105,436
13,139
19,832
11,696
14,596
80,672

621
4,462
68
78
58,612
31
913

1,152
1,720

262
747
10,372

66
10,460
36,616
6,292
10,107
173,519
13,478
22,363
11,899
15,188
90,311

277
5,537

1,178
9,471
308
1,618
148
315
4,102

176,459

139,414

37,045

390,299

299,591

70,654

20,054

868
372
6,101
5,514

a9

5,201
1,913
14,929
3,259
30,335

76

1,198

1,947

6,475
2,278
15,727
5,913
35,466

246

11,200

449
290
5,757
4,999
9,253

455
2,191
2,848

119
343
463
2,283

24,055

20,748

3,307

65,859

55,637

5,816

4,406

38,897
4,689

14,670
3,546

24,227
1,143

57,434
8,918

37,917
7,671

11,745
307

7,772

43,586

18,216

25,370

66,352

45,588

12,052

8,712

32

32
1

603
54

603

2CQ.446

244,872

.'.

2

:

262
,654
,423
,491
,256
,579

American Republics...
Bermuda
Antilles and Surinam.
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

,865

,3a
,564

12

1,027
826
1,101

56
78,009
10,090
24,090

6,508
1,299
3,656
299
5,371
7,183
310
121
463

:

Total Asia
Africa:
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic

(

Egypt)

Other Africa

Total Africa
Other countries
Australia
All other

,

International and regional
International
European regional
Latin American regional
Asian regional

144

1,624

82

344
515

1

55

a

940

:

,

Total international and regional.

Note:

87
240
21,421

65

:

Total other countries

Grand total

575
1,573

1

34

34

1,442.091

1.030,923

This table presents the detailed breakdown of the latest data that
are shown in Tables 1 and 2 of this section. Data are reported by
exporters, importers, industrial and commercial firms, and other

qi,168

54

3

3

127

127

787

787

3,798,q4

3,344,096

nonbanking concerns in the United States. Data exclude claims held
through United States banks, and intercompany accounts between firms
in the United States and their affiliates abroad, p
Preliminary.

December 1968

99

.CAPITAL
Section IV

Table

4.

-

Long-Term

-

MOVEMENTS.

Supplementary Data by Countries

Liabilities to Foreigners Reported by

Nonbanking Concerns

(Position at end of period in thousands of dollars)

Treasury Bulletin

100

.CAPITAL

Supplementary Data by Countries
Long-Term Claims on Foreigners Reported by Nonbanking Concerns
Section IV

Table

5.

-

MOVEMENTS.

-

(Position at end of period in thousands of dollars)

1967

1966

1968

Country

September

June

Europe :
Austria
Belgium- Luxembourg 3_/
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

<

>

>

<

<

i

,

i

i

1,194
7,164
5,527
1,581
11,305
6,858
55,868
17,208
384
1,073
6,446
27,667
1,092
12,736
6,142
26,820
884
3,697

210
193,856

Total Europe
Canada

250,869

Latin America
Argentina
Braz il
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

:

91,715
204,671
13,481
17,243
7,841
61,129
7,254
16,031

American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

2,415
19,590
30,022
8,214
1,466
1,599

482,676

:

Total Asia
Africa
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa

42
15,295
6,052
15,976
90,263
1,127
20,563
8,089
306
22,158

179,871

:

Total Africa
Other countries :
Australia
All other
Total other countries

International and regional
Grand total

121
194
4,189
81,443

85,947

December 1/

September

December 2/

March

)

December 1968

101

.CAPITAL
Section IV

Table

6.

-

-

MOVEMENTS.

Supplementary Data by Countries

Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)

Credit balances (due to foreigners)

Country

Europe
Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
N orway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.S.S.R
Other Eastern Europe

December
1966

December
1967

:

Total Europe

510
3,251

HO
8

8,455
9,622
240
7,151
7,961
1,082
480
1,967
659
61,361
20
13,209
11

2,198
87

118,412

Canada

17,001

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru

1,719
5,640
485
126
15,067
11,371
299
8,540
10,711
1,842
440
3,303
3,383

lH,963r
153
30,006
10
2,013

84
210,155r
50,329

:

2,236

175

1,409
686
522
468
67
4,810
2,026
528
2,130
3,967
1,062
ll,483r
3,970
425

25,719

33,553r

485
318
674

Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

62

American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

3,822
5,936
514
2,124
3,636
1,045

2,876
1,816

:

Total Asia
Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa

1

5,308
166
13
579

6,030
53
71

1,219

303
1,773

31
242
474

167

12

559

35

8

4,839

5,874

12,907

Li, 850

6
73
64
10
517

24
305
121
973

670

1,438

:

Total Africa
Other countries
Australia
All other

:

Total other countries

198

294
492

International and regional

Grand total

175,201

15

March
1968

June
1968

Debit balances (due from foreigners

September
1968 p

December
1966

December
1967

March
1968

June
1968

September
1968 p

102

Treasury Bulletin

.CAPITAL MOVEMENTS.
Section IV
Supplementary Data by Countries
Short-Term Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
-

Table

7.

-

(Position at end of period in thousands of dollars)

December
1966

April
1967

4,110

802
5,808
6,213
21,119
773
3,653

1,733
6,551
8,876
25,260
845
3,146

1,478
5,710
7,385
21,730
1,156
4,687

243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236

180
662
1,027
1,576
1,495
432
328
9,735
1,922
1,321

403
2,498
1,982
1,418
1,652
386
356
12,749
6,836
1,700

530
5,439
3,723
1,570
2,225
378

350
13,219
6,575
5,565

700
1,390
5,300
1,518
2,411
273
290
13,967
5,200
2,629

32,567
29,127
58,037
53,449
47,862
909
12,940
20,031
5,564
34,963
8,892
41,690
2,286

43,186
31,495
55,815
67,060
48,702
855
14,348
26,044
6,994
42,393
11,377
56,023
7,367

67,375
34,165
72,288
69,600
68,128
457
16,335
31,407
8,563
67,009
13,795
66,998
3,577

66,872
34,626
53,158
86,280
64,155
904
16,290
26,807
11,722
72,773
14,859
68,896
4,681

53,882
92,360
83,868
1,259
16,817
28,563
19,326
62,728
16,625
96,431
5,381

507

1,639
7,983
1,104

2,404
11,491
2,157

775
14,638
1,281

2,129
14,203
1,654

5,491
2,046
32,508
1,491
2,410
23,422
21,601
2,715
56,363
4,978
84,194
22,167

5,636
4.122
49,092
2,682
2,401
66,930
11,954
15,991
35,523
3,234
99,715
29,947
47
6,792
19,417
420
23,999
283,601
8,940
4,400
4,030
1,776
39,035

Country

1964

1965

722
6,974
10,696
7,361
676
2,687

574
5,173
8,697
17,384
514

Eastern Europe "
Albania
Bulgaria
Czechoslovakia
Estonia
Hungary
Latvia
Lithuania
Poland
Rumania
Soviet Zone of Germany
Latin American Republics "
Bolivia
Costa Rica
Dominican Republic
Ecuador
Guatemala
Guyana ( British Guiana)
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador
Trinidad and Tobago

1963
"

Other Western Europe "
Cyprus
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco

" Other

" Other

Other Latin America "
British Honduras
British West Indies
French West Indies and French Guiana.

"

Other Asia "
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia 2/
Muscat and Oman
Nepal
Pakistan
Qatar
Ryukyu Islands (including Okinawa)....
Saudi Arabia
Singapore 2/
Southern Yemen (Aden and South Arabia)
Syria
Trucial States
Viet Nam

"

"

"

Other Africa "
Algeria
Cameroon
Congo ( Brazzaville)
Ethiopia ( including Eritrea)
F. T.A.I. (French Somaliland)
Ghana
Ivory Coast
Kenya
Liberia
Libya
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia ij
Sudan
Tanzania
Tunisia
Zambia 4/
Other countries "
New Zealand

11,665
1,310
4,995
1,397
9,865
6,931
3,101
23,505
19,849
2,792
46,539
8,818
76,320
24,104
574
2,059
17,341
741

a,722
61,710
2/

3,563
2,111
n.a.

12,127
903
591

455
22,275
1,740
6,433
936
2,109
22,009
14,084
1,361
17,811
2,450
840
4,374
2,492
490
975

27

1,954
23,056
179
25,566
197,229
2/
4,029
7,583
2,790
19,043

1,529
370
414
33,736
1,583
5,589
1,367
2,574
20,011
28,921
2,505
15,726
4,432
508

3,367
2,232
632
949

hJ
10,475

11,956

9,450
6,403
34,444
1,109
3,190
36,600
17,600
39,726
49,178
4,587
100,059
38,301
424
13,888
49,196
1,691
15,935 2/
176,142
34,632
5,131
3,425
2,157
131,961

57,857

a, 874

7,771
8,145
20,285
1,332
2,715
43,973
27,996
45,156
28,555
6,477
112,221
34,937
2,083
14,861
45,307
1,525
31,164
96,364
60,261
4,952

4,7a
1,954
146,257

7,633
749

11,349
1,191

9

44,123
1,557
2,621
3,242
1,461
17,887
34,806
1,583
21,730
4,378
835
3,287
3,708
712
1,757
7,234

171
53,478
949
6,866
880
1,168
21,158
37,082
4,992
25,674
4,523
839
2,717
3,424
6,545
1,122
34,o67

13,387
1,797
314
40,202
1,276
5,295
1,105
2,064
21,601
75,990
4,073
36,545
6,293
844
3,336
6,747
9,131
960
25,893

18,681

13,580

16,709

December

)

December 1968

103

.CAPITAL MOVEMENTS.
Section IV

Table

8.

Supplementary Data by Countries

-

Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1967
(

In thousands of dollars

j

Sales by foreigners

Purchases by foreigners

Country

Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.

U. S.
Total
purchases Government
bonds and
notes

foreign securities

Domestic securities

Foreign securities

Domestic securities

Corporate and
other

Total
sales

Stocks

Bonds

f.

S

Government
bonds and
notes

Corporate and
other
Bonds

Stocks

Bonds

:

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

35,674
182,578r
35,953
5,310
690,710
448,750
8,947
283,627
367,410
42,254
18,500
71,046
102,970
3,520,292
3,944
1,836,469
1,302
193,224
213
1,387

678
16

639

1,025
1,240

7,982
439
47
231

20,006
13,617
2

223,597
221

.

6,067
49
135,046
53,596.

.

3,537,576

272,

65

Total Latin America

8,279
1,506

.

89,

0M

74

409,69!

.

51

2,315
566
409

269

70,452
97
68,072

57

52,771

31

30

.

21,176

.

,

80,572
92,962
3,057,392

446
20,028
15,151

5,495
2,303,948

2

174

191,756

1,024,645

217,775

32

10,355

1,145

631

80

7,424,670

231,849

3,976,615

248,082

28, 547

64

5,704

15,622

398, 127

222,648
15,775
5,122
39
117,925
6,550
20,870
215,322
22,061
380
28,345
1,851
58,911
34,951
9,687
148,651 2,383,454

.

n

706

10

1,966,192
24,952
11,641
8,875
11,921
228
60,087
81,776
11,038
26,339
63,864
10,556

356, 108

17,140
13,467
2,303
405

722
972
394

4,585
2,441
382
676
1,624
275
10,445
2,865

H6
.

19,509
1,327
2

',

.

423,395

.

796,546
469
.

144,319
.

161,205
79,415
12,989
38,096
66,149
19,513
221,463

177

9,000
831,518

122

165,322
6,652

2,759

89,566

690,231

175,526

25,766

94

4,743

125
266, 574

8,539
2,810

7,690

302
11,918

4,139

2,322
1,133
166,928

23,891
14,263
1,000
2,344
3,020
14,000
49,902

707,02^

41,100

486,502

721
1,040
5,834

25

97
101

113

1

660
713
1,095
108
9,005

105
820
12
311

86
452
800

5,466
11,487
271
623
.

960,365
1,1 '.,"-

369,15'

649
212
414
183

21

411

1,317,950 4,500,530

12,264
8,913
12,054

177
31

1,772
39,143
23,592
747

983,846

707

.

71,402
3,112
317
6,164
21,489
5,199
29,467
4,742
319

99,636
12,020
33,802
89,558
17,888
286,487
197,321
8,017

5,473
196,902

.

175,989
1,000
26,535

25
63
147

.

7,417
207
551
3,745
1,861

24,284
.

82
1,060

13,804

2,317
88,848
27,107
17,854
3,081
5,629
25,980
477,309

8,032
1,745

17,080

4
24,513

.

1,361,162 4,842,08811,100,170 277,492

.-

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

57,518
26,271

213

269,648

Ml, 645

465,779
291,096
6,240

316
27,749
29,781
237,747
11,227
12,914
14, .172
396
727
60, 7M
44,264
10,859
325,727 2,633,187
294
3,494
631,578
687,233
297
5
13,061
147,703

:•-

7,850,560);

28,446
12,138
12,912

11

10

159

.

.

93,571r
2,759

,

11,595
7,905
10,056

140
57
.

183

232
238
131

5,252
3,190
191
582
1,071

301
52

962

1,036
32,268

,089

.

325

8
58

82,130

,

.

10,465
29,851
58,338

5,250

.

157,900
140,382
5,591

.

..

.

2,799

.

:

Total Asia.

125

287,640
3,476
418
69,935
56,242
1,134
26,144
5,356
15,163
241,391

11

23
17

850

28,580
3,325

641
390
17,162
25,886

249

124
5,217

24

17,711

Congo Kinshasa
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa

74,080

17,186

Total Africa

81,788

17,15

(

Other countries
Australia
All other

11,581

63,467
70

119,769

40,987

768,565

11

25
18

14

6

13,389
,

655

125

236,072
581
859
15,113
23,962

137

.

5,100

3,172

154,966

14,393

6,372

11,542

437,523

1,252

64,208

869
9

20,839

20,257

1,259

580

740

13
.

543
863

585

58,490

1

15

755
4,277

375
4
318

.

77

2
12

.

,

l,90t

101

1

34,505

13,000
.

.

Total international and regional..

3,194
6,202

45,189

36,412

?3

„28;

Total other countries

284,352

.

3,170
4,616
531,023
13 , 764 . 7135

4,567

26,-756

202,590
3,170

733,41'

982

8,046

5,069

292,398

26,805

.

12,708

.

156,844

44,906

909,707

126,489

49

502

585,400

.

982

205,769

2,242,615 8,032,795r2,023,552 880,351

Excludes transactions in nonmarketable U.S. Treasury bonds and notes,
foreign series, and foreign currency series. See "International
Financial Statistics," Table 4. •

Note:

2,711

17 ,994
1 ,810
14 ,640
180 ,528

18,334

4,263

258
2,552

.

10

212

61
5,287
25

603

:

International and regional :
International
European regional
Latin American regional
Asian regional

Grand total

;,40<

186
257 ,867
079
909
220
68 019
91

2

r

L4,

Revised.

057, 865

.

1"
.

1,929,136 7,276,050/3,186,694':

Treasury Bulletin

104

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.

The financial statements of corporations and other busi-

in the 3eries of tables.

The first statements of financial

ness-type activities of the United States Government, which

condition published under Circular 966 were as of March 31,

have appeared in the "Treasury Bulletin" since the August 1956

1956, and were presented in the August 1956 Bulletin.

issue, are compiled from reports submitted to the Treasury

ments of income and expense and source and application of funds

under Department Circular No. 966, issued January 30, 1956, and

are published semiannually, for June 30 and December 31 report-

Supplement No. 1, Revised, issued June 16, 1965.

These regu-

lations were issued pursuant to the Budget and Accounting

Procedures Act of 1950.

They superseded Budget-Treasury

Regulation No. 3, issued under Executive Order No. 8512 of

ing dates, and appear as Section II and III.

State-

The first of

these statements under Circular 966 covered the fiscal year
1956, and were published in the January 1957 Bulletin.

Within

the sections, the agencies are grouped in separate tables by

August 13, 194-0, as amended by Executive Order No. 9084 of

type, as follows:

March 3, 1942, under which financial statements previously

governmental revolving funds, other activities, trust funds, and

published in the Bulletin were submitted.

trust revolving funds.

public enterprise revolving funds, intra-

Supplement No. 1, when origina.u.y issued in 1956, extended

Department Circular No. 966 requires submission of finan-

the coverage to include all executive agencies and activities
cial statements by all wholly owned and mixed-ownership Govern-

ment corporations specifically included in the Government

not previously reporting under Circular 966, but required only
a statement of financial condition annually as of June 30.

Corporation Control Act, as amended (31 U.S. C. 846, 856); and

These were activities which were not principally of a businessall other activities of the Government operating as revolving

type nature.
funds.

Those which had not yet developed formal ac-

Other activities and agencies whose operations, serv-

ices, or functions are largely self-liquidating or primarily

counting procedures to provide complete balance-sheet type
statements were temporarily authorized to report only assets.

of a revenue-producing nature, and activities and agencies
Thus, the supplement rounded out provisions for information on

whose operations result in the accumulation of substantial

properties and other assets, as well as liabilities, of the
inventories, investments, and other recoverable assets, were

United States Government all of which is needed by Treasury for
brought under the regulations as the agency accounting systems
the compilation of complete Government-wide financial reports.
were developed to where they were capable of furnishing the

The first comprehensive reporting under the original Supplement

required financial reports.
No. 1 was for June 30, 1957, and the data were published in the

Four kinds of financial statements are called for by

December 1957 Bulletin as Part B of Table

4-

in Section I.

The

They are statements of financial

revision to Supplement No. 1 in 1965 made no basic change to

condition, income and expense, source and application of funds,

the overall purpose of the originally issued supplement; it

The statements of finan-

updated and consolidated all amendments to both the regulation

Department Circular No. 966.

and certain financial contingencies.

cial condition are published quarterly and appear as Section I

and instructions,

i

.

December 1968

105

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

1. -

Summary

I

- Statements of Financial Condition
by Specified Classes of Activities, June 30, 1968

(In thousands of dollars)

Activities reporting on a quarterly basis 1/

Total of
activities
reporting on
a quarterly
basis

Account

Public
enterprise
revolving
funds
(See Table 2)

Activities reporting
on an annual basis

Certain
Intragovernmenother
tal revolving
activities
funds
(See Table 4
(See Table 3)
Part A)

Trust
revolving
funds (See
Table 5)

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury ij .
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities £./
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

40,052
39,717

1,800

4,645,872

2,855,278

16,985
12 , 500
-30,070

171,448
10,930,009

8,058,001
346,785
309,945
3,174,037
-52,918

3,410,329
346,785
292,960
306,259
-22,848

840,745
496,745

822,484
25,550

5,207
112,020

13,002
19,341

339,834

1,829,990
525,225
17,051,329
-257,350

330,219
344,039
1,987,396
-256,557

1,276,633
118,624
8,736,951
-793

152,582
50,838
6,325,840

70,556
11,725
1,142

75,884
502,178
1,012,594

26,431
1,220
311,004

7
500,958
557,214

49,446

68,500
51,465,775
5,544,568
-477,981

63,500
28,091,882
1,039,977
-435,447

11,565,500
4,504,591
-21,780

11,808,393

816,681
720,066
-426,337
17,755,200
-5,398,222
493,049
4,749,717

816,109
711,472
-426,278
6,787,526
-1,978,731
10
1,020,676

140

8,455
-59
16,155
-2,796

126,717,286

54,722,423

12,031,513

965,018
2,307,753

141,135
774,727

624,519
817,340

184,563
614,586

14,800
101,100

548, 446
843,096

532,123
225,133

1,257
275,925

11,621
187, 145

3,445
154,893

588,539
41,244

3

374,920
6,479

213,617

34,764

1,229,439
216,858

1,199,798
129,933

4,515
1,018

24,947
21,795

120,090
10,083,110
12,275,274
4,828,487

109,590
10,083,110
1,390,617
1,979,881

246,342

1,515,421

10,884,657
1,086,843

34.047.353

16.600.813

2.352.314

2.773,696

12,320,530

100,000
20,078,476
1,098,194

100,000
14,613,789
1,098,194

5,408,147

56,540

1,351,345
50,424,859
6,342,536
31,381,328
-14,259,353

1,041,000
22,984,546
3,242,440
8,903,212
-13,005,195

988,

108

52

144,375

-20,754
573

754, 441
-335,869

373,143
6/'

Total assets

5,314,884

2,247

219,561
17,273,519

10,197,078
-3,080,823
493,039
3,302,497
42,757,796 6/

53,401

17,205,554

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...
Total liabilities

1

180
64,111

10,500

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest

Total liabilities and investment

Footnotes at end of Table

7.

-4,654,052
91,863,33:

'

310,345

691,852
494,093
8,287,271
205,983

26,748,461
2,606,003
14,190,844
-5,171,679
-3,797,677

-856,375

38,121,610

9,679,199

39,984,099

54,722,423

12,031,513

'.2,757,796

21,796
392,279
392,526
806,601

126,717,286

3,711,538

4

Other
activities 2/
(See Table 4
Part B)

Trust
funds
(See Table 6)

Treasury Bulletin

106

-CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

Section I - Statements of Financial Condition
- Public
Enterprise Revolving Funds, June 30,1968

2.

(In thousands of dollars)

Account

Appalachian
housing
fund 1/

Total

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 2/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 1/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets

171, 448
10,930,009
3,-410,329

346,785
292,960
306,259
-22,848

822,484
25,550
330,219
344,039
1,987,396
-256,557

26,431
1,220
311,004
68,500
28,091,882
1,039,977
-435,447
816,109
711,472
-426,278
6,787,526
-1,978,731
10
1,020,676

54,722,423

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

109,590
10,083,110
1,390,617
1,979,881

Total liabilities

16,600,813

141,135
774,727
532,123
225,133
3

34,764
1,199,798
129,933

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest

Trust and private interest:
Pr inc ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table

7.

100,000
14,613,789
1,098,194
1,041,000
22,984,546
3,242,440
8,903,212
13,005,195

U

Office of
Economic
Opportunity
Economic
opportunity
loan fund

Agency for International Development

Liquidation
of foreign
military
sales
fund

Alliance for
Progress,
development
loans

Development
loans

Development
loan fund
liquidation
account

.

December 1968

107

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

Agency for
International
DevelopmentContinued)

Account

(

Foreign
investment
guarantee fund
ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury iL .
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 1..
Other securities
Unamortized premium, or discount {-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
.

39

116,411

40

Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets

835
-650

116

LIABILITIES

I

Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

I

Total liabilities

185

37

7,305

NET INVKSTMEm'

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.
Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-)..

Total trust and private interest
Total liabilities and investment

30,000

27,766
51,606

-

(Continued)

Treasury Bulletin

108

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

(Continued)

(In thousands of dollars)

Agriculture Department
Continued
(

Farmers Home
Administration(Continued)
'

Expansion
of defense
production

Rural housing
insurance fund

Economic
development
revolving fund

Maritime Administration

Federal ship
mortgage
insurance
fund

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 2/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 1/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other ( net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Heal estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

38,784

12,454

-97

7
74

1,930

25

4,525

4,835

139

137,375

243,823

40

392

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

28,314

Total liabilities

32,014 27

11,701

23,600

80,921

452
48

11,701

3,200

166

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest

100,000
273,303
-747

-92,622

2,834

122,853

-11,701

276,137

Trust and private interest:
Pr inc ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

91
262
5,091

154,867

Total assets

154,867

Defense
Department

Commerce Department

Economic
Development
Administration

'7-,"U

Vessel
operations
revolving
fund

War risk
insurance
revolving
fund

Defense
Supply Agency
Defense
production
guarantees

December 1968

109

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968 (Continued)
-

(In thousands of dollars)

Treasury Bulletin

110

-CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

-

(Continued)

(In thousands of dollars)

HUD Department

Health, Education, and Welfare Department - (Continued)
Public Health Service

Office of Education
Student
loan
insurance
fund
ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 2/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 2/.
Other securities
Unamortized premium, or discount (-)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

3,794

—

405

Total assets

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
...

Total liabilities

5/

MET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
No n interest- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

3,750

450

4,

Higher
education
facilities
loan fund

Nurse
training
fund

Health
professions
education
fund

Operation of
commissaries,
narcotic
hospitals

Social Security
Administration

Bureau of
Federal Credit
Unions

Renewal
and housing
assistance
Urban
renewal
fund

)

December 1968

in
.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

-

(Continued)

(In thousands of dollars)

Housing and Urban Development Department - (Continued)
Renewal and housing assistance - (Continued)
Account

Rehabilitation
loan
fund

Low-rent
public
housing
program

Housing for
the elderly
or handicapped

Metropolitan development

College
housing
loans

Public works
planning
advances fund

Urban mass
transportation

fund

ASJKTS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 2/...
Investments:
Public debt securities (par value)......
Securities of Government enterprises....
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other ( net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land , structures , and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets

124
28,992

11

51
197,073

119,618

''..'

82,235

48
335,537

3,000

585

8/

48,395

8/

97
312
101

1,044
4

181

1,524

21,089

78,379

-2,109

-1,005

2,992

306,181 10/

23,214

2,881,752 10/

27

74,789

5,000

-3,062

-3,602

-40,107

52,949

340,612

430,000

87,000

483,991

12,382

6,314

24,573
-58,623

-143,380

442,382

1,372,526

1,968
-1,383

48,278

203,252

503,820

3,032,407

56

105
110,590

47

863
10

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

977

19,857
31,728

415

7,423

60,0 a

1,600,000

19

116

637

Total liabilities

111,453

V

1,65°, 881

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

1,366,212

52,938

-4,735

1,000
2,624,500
246,487
-2,780,188

48,203

1,

48,278

-•

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

"
.

__ ___
2

340

Public
facility
loans

Treasury Bulletin

112

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968
(In thousands of dollars)

-

(Continued)

December 1968

113

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

-

(Continued)

(In thousands of dollars)

Interior Department - (Continued)

Account

Bureau of
Indian Affairs
(Continued)

Bureau of
Mines

Liquidation
of Hoonah

Helium
fund

Bureau of Commercial Fisheries

Federal ship
mortgage
insurance fund
fishing vessels

Fisheries
loan fund

Bureau of Reclamation
Fund for emergency expenses
Fort Peck
Project, Mont.

Upper
Colorado
River Basin
fund

Virgin
[

ilan

La

Corporation

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 2/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 3_/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

120

391

3,475

862

15,164

22

756

77

259
2,202
847

18,087
-1,488

625,102
-17,288

344
-230

592

45

1,204
279
564

18

1

2

122

150

3,248

-148

-152

61,855
-25,371

216,459
122

Total assets

1,068

256,058

U/
409

205

25

119,281 13 /

10,192

11,911

17,586

745,612

11,655

1

144
3,785

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

138
4,511

28

5

20

263
14
171

Total liabilities

161

24

462

98

194

5,559

98

229

2,378

1,140
31

7,448

187

MET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
;
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

94,200
53,721

1,225
10,136

13,000

692,458
48,108
29,094
-6,277

750

240
-118

102,316

311

-1,318

-14,531
2,193
4,331
25,562

122

250,499

311

11,682

17,555

738,165

11,469

122

256,058

409

11|?H

17.586

745.612

11,655

262

-642

25,218

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.

Total liabilities and investment.

Footnotes at end of Table

7.

(Continued on following page)

Treasury Bulletin

114

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

(Continued)

(In thousands of dollars)

Interior
Department (Continued)

Expansion
of defense
production

Labor Dept.

Bureau of
Employment
Security
Advances to
unemployment
trust fund Vj

Post Office
Department

Transportation Department

Treasury Dept.

Federal
Railroad
Administration

Office of
the Secretary

fund 15/

Aviation
war risk
insurance
revolving
fund

128,863
512,351

37

Postal

Alaska
Railroad
revolving fund

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 2/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities J/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other ( net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

896

311,912

5,558

7,897
770
1,507
2,256
3,232

112,601
50,180
10,094

3,547
-1,555

1,341,326 16/
-575,151

136,017
-30,116

196,06412/

Total assets.

311,912

1,784,995

12,913
38

131,367

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

273
1,264

94,391
322,579

2,846
9

448
430

22

429
95

3,325

361,519

1,036

778,490 18/

3,527

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

36,4-00

192

57

288,000

-36,893

23,912

2,027,365
-1,020,860

311,912

1,006,505

311,912

1,784,995

37

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.

Total liabilities and investment.

38

Saint
Lawrence
Seaway
Development
Corporation

Federal Farm
Mortgage Corporation liquidation fund

'

December 1968

115

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968
(In thousands of dollars)
Treasury Department - (Continued)

Internal
Revenue
Service

Office of
the Treasurer

Treasurer of
Federal tax
the U.S., check
lien revolving forgery insurance fund
fund

Expansion
of defense
production

-

(Continued)

General Services Administration

Reconstruction
Finance
Corporation
liquidation
fund

Expansion
of defense
production

ASSETS

Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury Zl.»*
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 3/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land , structures , and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

497

265

77

101

38

2,596
4,846

20
1,757
977,937

1,728

31

10,129

500

81

12,123

98

121
-63

943

987,247

LIABILITIES
Accounts payable:
Government agenc ies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities ( including reserves)

20

39

115

223,937

2,934

Total liabilities

227,006

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

1,736,700

500

515

-19

12,118

500

81

12,118

500

81

12,123

904

760,2

Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-).

Total trust and private interest
Total liabilities and investment.

-976,974

943

a

Defense
production
guarantees

Veterans
Administration
s . bi

n

service
revolving
fun

3

Treasury Bulletin

116

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968 -(Continued)
(In thousands of dollars)

Veterans' Administration - (Continued)

Account

Direct
loans to
veterans
and
reserves

Loan
guaranty
revolving
fund

Rental,

maintenance,
and repair
of quarters

Servicemen
group life
insurance
fund

Service-

)

)

.

December 1968

117

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968

-

(Continued)

(In thousands of dollars)

Veterans' Administration
(Continued)

Veterans
special
term
insurance
fund

Account

Vocational
rehabilitation
revolving
fund

ASSETS
Cash in banks, on hand* and in transit..
Fund balances with the U.S. Treasury 2/
Investments:
Public debt securities (par value)....
Securities of Government enterprises.
FHLB and FLB securities 3/.
Other securities
Unamortized premium, or discount (-)..
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agenc ies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (Foreign currencies
Other assets (net)

161
470

.

283

2U,086

257

13,

1U

102

17

Total assets

228,109

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)..,

225,424

Total liabilities

226,331

907

,

,

,

,

,

,

,

MET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues ( ,

Total United States interest

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table

7.

4.00

1,777

1

-18

Export- Import Bank
of the United States

Liquidation of
Regular
certain Recoil'
lending
struction
activities Finance Corporation assets

Farm Credit Administration

Revolving
fund for
administrative
expenses

Short-term
credit
investment
fund

Banks
cooperatives
investment
fund

Federal Home
Loan Bank
Board

Revolving
fund

Treasury Bulletin

118

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES,
Table

2.

-

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, June 30, 1968 -(Continued)
(In thousands of dollars)

Small Business Administration

Federal Home Loan Bank
Board - (Continued)
Federal

Account

Sav^

ings and Loan
Insurance
Corporation

ASSETS

Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 2/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies.
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets ( net)

92
5,673
1,900, 2U

92,600
-8,263

.-

9,207

19,280
6,239

1U,659

63,976
239,623
-86,996

a

-16
18

2,386,377

Total assets

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...,

84,662

Total liabilities

86,A78^/

1,359
114
57

2U

37
5

,

,

,

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....,
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)..
Deposits of general and special fund
revenues (-)
,

Total United States interest
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

2,299,899^2'

2

Home Owners
Loan
Corporation
liquidated)
(

Panama
Canal
Company

Business
loan and
investment
fund

Disaster
loan
fund

Lease
guarantee
revolving
fund

Tennessee
Valley
Authority

United States
Information
Agency

Informational
media
guaranty fund

.

December 1968

119

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1968

Section

Table

3.

-

(In thousands of dollars)

Legislative
Branch

Agency for
International
Development

Government
Printing
Office

Acquisition
of property
revolving

Account

fund

ASSETS

Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury l/. .
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

2,247
988,908

5,207
112,020
1,276,633
118,624
8,736,951
-793

754,441
-335,869

Total assets

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

246,342

2,352,314

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-5
Total United States interest.

691,852
494,093
8,287,271
205,983

9,679,199

Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

Footnotes at end of Table

7.

711
15,347

12,031,513

54,295
66
30,179

Dept.

Agriculture Department

Agricultural
Research
Service

Working
capital
fund

Forest
Service
Working
capital
fund

Working
capital
fund

National
Bureau of
Standards

Working
capital
fund

Treasury Bulletin

120

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

3.

-

Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1968

-

(Continued)

(in thousands of dollars)

Defense Department

Commerce
Department (Continued)

Defense agencies

Air Force Department

Army Department

Account

Defense
stock
fund

Working
capital
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury l/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 2_/.
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land structures and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net)
,

,

Total assets

543

79,873

1

7,293

438

40,057
46
3,0a, 276

175

1,255
-696
93

2,116

1,809

3,170,660

541

12,835
186,075

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

-34

342

Total liabilities

198,876

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

100
280

2,971,784 6/
545

Total United States interest

.

Trust and private interest:
Pr inc ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

i

.

B

'

r

Defense
industrial
fund
5/

U

Stock
fund

Industrial
fund 5/

Stock
fund

Industrial
fund 5/

.

December 1968

121

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

3.

-

Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1968

-

(Continued)

(In thousands of dollars)

Defense Department - (Continued)

Department (Continued)
Corps of
Engineers

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 1/. .
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

33,008

25,389
246
9,195

303,008
-147,627
5,658

228,878

Total assets

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

5,027
13,287

636
1,778

53,505
74,232

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

Health, Education, and Welfare
Department

Navy Department

Array

23,

8U

93,150
37,682

154

Public Health Service

Marine Corps
Stock
fund

Industrial
fund 5/

Stock
fund

Industrial

Service and
supply fund

Narcotic
hospitals
Working

:

'

.:

Treasury Bulletin

122

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, June 30, 1968 -(Continued)
(In thousands of dollars)

HEW
Department (Continued)

Account

Office of
the Secretary

Working
capital fund

Housing
and Urban
Development
Department
Working
capital fund 7/

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury l/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agenc ies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
.'

,

Total assets

335

1,460

6

4,081

44

a

193

21

779
-489

410
-184

390

5,294

1,751

1,359
326

173

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
.»
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities.

3

31

3,448

279
5,413

302

320

1,465

-438

-17

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

1

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

Footnotes at end of Table 7.

5,294

.

123

December 1968
.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

3.

-

Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1968

-

(Continued)

(in thousands of dollars)

Transportation Dept.
United States
Coast GuardContinued)

Account

(

ASSETS
6,004

L,88i
5

3,289

-H9

15,2^5
-7,811

Total assets

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies.
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...,
Total liabilities

171
513

270
7,029

203
36

,

NET INVESTMENT

United States interest:
Interest^ bearing investment:
Capital stock
Borrowings from the U.S. Treasury....,
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)..
Deposits of general and special fund
revenues (-)

,

9,263
-12

,

Total United States interest

9

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

,

,

(Cont.)

Working
capital
fund

Yard
fund

Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury l/,
Investments:
Public debt securities (par value)
Securities of Government enterprises. .
FHLB and FLB securities 2/.
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Heal estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

-

Treasury
Department
Bureau of
Engraving
and
Printing

General Services Administration
Automatic
data
processing

Buildings
management

Construction
services,
public

supply-

fund

fund

build;

fund

1

Treasury Bulletin

124

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

3.

-

Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, June 30, 1968 -(Continued)
(In thousands of dollars)

General Services Administration
(Continued)
Account

Federal
telecommunications
fund

Working
capital
fund

Veterans
Administration

Supply
fund

ASSETS
33

Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury l/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 2/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

8,205

479

8,684

2,545
39
,942

547

21
174

1

263

4,843
231
34,617

1,352
-589

1,763
-859

951
-408

2,194

51,535

79

1,377
5,632

557

Total assets

|F,r,r,r,

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

288
8,685

473

37
627
385

Total liabilities

5,000

721

270

834

9,693

1,207

13,507

9,000
253
-533
252

450
356

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).,
Deposits of general and special fund
revenues (-)

,

,

,

,

104

39,223
-1,162
-34

987

38

78

,

Total United States interest

,

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

,

y,

<
,

<'

.
.

'

December 1968

125

.CORPORATIONS AND OTHER BUSINESS-TYPE \CTIVITIES.
I - Statements of Financial Condition
Certain Other Activities, June 30, 1968 -Part

Section

Table

4.

-

AI

(In thousands of dollars)

Agency for International
Development

Account

Total
Part A

Foreign
currency loans

1/

Private
enterprises 2/

griculture Department

Depar*

Farmers
Home
Administration

U.S. dollar
and foreign
currency
loans

Rural
Electrification Administration

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 5_/. .
Investments:
Public debt securities (par value)
Securities of Government enterprises, . .
FHLB and FLB securities 6/.
Other securities
Unamortized premium, or discount (-)..,.
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

1,127
4,150

5,814
5,314,884

62,045

1,800

2,855,278

13,002
19,341
152,582
50,838
6,325,840

113,259

7/

8,068
1Q

7

500,958
557,214

11,565,500
4,504,591
-21,780

6,043

1-

1,

...

53,515

64

1,713,361
4,341,048

1,634
-17

140

10,197,078
-3,080,827
493,039
42,757,796 10/

-1,046

120,564
338

372,475
63,552

15

288,611

6,662,487

74,248

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)

1,515,421

63,983 11/

Total liabilities

2,773,696

7

184,563
614,586

232
7

11,621

9,505

187, 145

576
2,971

213,617
1

24,947
21,795

10,547

.

..

3 3

7,050

21,383

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

5,408,14?

637,900

26,748,4.61

486,057

7,777,020

2,606,003
14,190,844
-5,171,679

-102
-70,212

-160,279
-363,835

-3,797,677

-127,132 12/

39,984,099

288,611

42,757,796

,611

-1,301,808 12/

6,588,999

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

_^__^__

Commerce

1,004,259
-140,293
-548,723
-262

Maritime
Administration

Defense
Department

Military
assistance
credit
sales ij

Treasury Bulletin

126

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

4.

-

Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1968 - Part A V

-

(Continued)

(In thousands of dollars)

Interior Department

Office of
Territories
Account

Alaska
public
works

Alaska
Power
Administration

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 5/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 6/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other ( net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

179

17
104.

19

647

-1,037
5,751
64.7

38,663

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

738

Total liabilities

826

10
68

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

647

10,239 15/
5,595

Total United States interest

37

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table 7.

22,003

647

Bonneville
Power
Administration

Justice Department

Southeastern
Power
Administration

Southwestern
Power
Administration

Immigration
and Naturalization
Service

Legal
activities
and general
administration

)

December 1968
—CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES
Section

Table

4.

-

I -

127

Statements of Financial Condition

Certain Other Activities, June 30, 1968

-

Part

A

1/

-

(Continued)

(In thousands of dollars)

State
Department

Account
International
Boundary
and Water
Commission

Treasury Department
Civil defense
Miscellaneous and Reconloans and
struction
certain other Finance Corpoassets
ration loans
in liquidation

General
Services
Administration
All
other 16/

Civil Service Commission

National
Aeronautics
and Space
Administration

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 5/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 6/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

7,2H

2,134,372

480,631

2,005,914

508
2,459

12,335
16,374

1

8,188

34
189

23, H4

18,030
1,371
329,545

2,855,278 17/

5,982,464

500,958

370,U0
4,780,27718/

463

1,519

4,^57

172,141

1,877

HO
,

73,619
-11,620

2,267,350
-5,551

,

Total assets

114,162 12 /

183,603

1,104,458 20,

10,642,903

5,560

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agenc ies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)....

5,720

Total liabilities

7,626

26,054

238,695

8,555,125
2,000

-52,423

859,723

134

,

4
881

It 2i

'.

,054

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)..
Deposits of general and special fund
revenues ( Total United States interest

5,560

-10,295

175,977

9,416,849

183,603

10,642,903

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..

Total trust and private interest
Total liabilities and investment

Footnotes at end of Table

7.

5

10,037,311

Salaries
and
expenses

Consolidated
working
fund

Federal
Communications
Commission

Treasury Bulletin

128

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

4.

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968

-

-

Part A i/-(Continued)

(In thousands of dollars)

Federal
Maritime
Commission

Account

Federal
Mediation
and
Conciliation
Service

Federal
Power
Commission

ASSETS

Cash In banks, on hand* and in transit...
Fund balances with the U.S. Treasury £/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 6/
Other securities
Unamortized premium , or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

242

429

2,266

40
255
29

Total assets

237

539
-440

1,959

541

546

4,550

13
142

65
309

103
597

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)....

,

5

23

,

,

Total liabilities

33

27

1,189
102

294

750

482

1,179

1,992

18

320

-651

2,238

-633

2

NET INVESTMENT

United States interest:
Interest- bearing investment:
Capital stock
Borrowings from the U.S. Treasury....,
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).,
Deposits of general and special fund
revenues (-)

59

Total United States interest

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table

7.

541

546

Small Business Administration

Interstate
Commerce
Commission

Panama
Canal

Payment
of loan
guaranties

Canal
Zone
Government

Selective
Service
System

Salaries
and
expenses

December 1968

129

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

Section I - Statements of Financial Condition
4. - Certain Other Activities, June 30, 1968 - Part

B

i/

(In thousands of dollars)

Agriculture Department
Office of
Emergency
Planning 2/

Total
Part B
1/

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 4/»«»
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 5/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agenc ies
Other.
Accounts and notes receivable:
Government agenc ies
Other ( net )
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

467,049
21,114,758
59

44,060
-2

354,264
289,185

17
171

291,248
4,228,307
1,678,487
-24,152

10
13,645

14,257

1,381,267

Total assets

LIABILITIES

Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agenc ies
Other
;
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities
NET INVESTMENT

United States interest:
Inter est- bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest

88,318,424
7,142,594
-75,994,345
-42,790,963
-3,065,162
-26,389,452

Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

54,115

71,477,492

Appalachian
regional
development
programs

Office of
Economic
Opportunity

Agency for
International
Development
2/

Agricultural
Research
Service

Soil
Conservation
Service

Treasury Bulletin

130

—CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES—
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968
(

-

Part

.

Forest
Service

Total assets

143

394,172

Other

V

66,363

73
594,984

117

25,592
480

4,124
1,037

78,577
2,045

878
1,923
12,326

2,087
9,913
4,170

5,558
1,103
389

6,394
-5,306

2,195,292

17,612
-1,537

274,690
436,459

2,557,935

698,893

79
4

3,626
19,252

3,213
2,682

2,864
47,802

555

64,788

3,661
13,735

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

1,201

104
284
35,000

9,180

22,165

91,116

59,929

110,385

150,995

346,704

76,693

29,826

2,370,857

600,600
186
-17,888
-35,000

376,530

2,447,549

436,459

2,557,935

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest
Total liabilities and investment.

-

(Continued)

Commerce Department

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury ij.
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 5_/.
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net)

1/

In thousands of dollars)

Agriculture Department - (Continued)

Consumer and
Marketing

B

547,898

Bureau of
the Census

Economic
Development
Assistance

Environmental
Science
Services
Administration

Other
8/

December 1968

131

-CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES,
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968

-

Part

B

i.

-

(Continued)

(in thousands of dollars)

Defense Department

Account

Civil
defense

Army
Department

Corps of
Engineers 2/

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 4/***
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities £/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
*
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

88,726

4,419
7,567
4

167
43,574

12,U0

156,866

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

1,952
14,960

1,025

Total liabilities

17,933

NET INVESTMENT

United States interest:
Interest- bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest.
Total liabilities and investment.

83,726
50,203

'
:

Health, Education, and Welfare Department

Public Health Service

Food and Drug
Administration

Office of
Education

Saint
Elizabeths
Hospital

All
other

Social and
Rehabilitation
Service

Assistance
Payments
Administration

Treasury Bulletin

132

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Table

4.

Section I - Statements of Financial Condition
Certain Other Activities, June 30, 1968 - Part B 1/

-

(Continued)

(In thousands of dollars)

Health, Education, and Welfare Department - (Continued)

Social and Rehabilitation Service
(Continued)

Children's
Bureau

Vocational
Rehabilitation
Administration

80,605

103,316

27,675

18,965

37,723
23

1,880
3,577

3

84
316

1,179

216

281

204

All
other
12/

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 4/ ...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 5/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Heal estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

9

48

40
",-'./

Total assets

141,783

34,515

1

4
203

16,990

231
58,288

166
109,384

15,025

58,642

109,757

32,160

40,988
216

31,745
281

2,264
204
-114

41,204

32,026

2

99,846

141,783

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

122

32

114

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

Office of
the Secretary

12/

All
other

w

Housing
and Urban
Development
Department
All
other 15/

Interior
Department

Bureau
of Land
Management

December 1968

133

—CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES—
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968

-

Part B

l

-

(Continued)

(In thousands of dollars)

Interior Department
Fish and Wildlife and Parks

Bureau of
Indian
Affairs

ASSETS

Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury A/-.Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 5_/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets

88,126

1,846
3,8^5

1H,643
2,319

81

595,312

8,985

815,156

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

116,208

Total liabilities

130,389

807

U,681

;

-1,306

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.
Trust and private interest:
Pr inc ipal of fund
Capital stock
Accumulated net income, or deficit (-).

Total trust and private interest
Total liabilities and investment.

85,5U
599,256

684,767

Bureau
of Outdoor

Recreation

Office of
Territories

Geological
Survey

Bureau of
Mines

Bureau of
Commercial
Fisheries

Bureau of
Sport
Fisheries and
Wildlife

Treasury Bulletin

134

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968

-

Part Bi/- (Continued)

(In thousands of dollars)

Interior Department - (Continued)

Account

Fish and
Wildlife and
Parks - (Cont.)

National
Park
Service
ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 4/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
C
FHLB and FLB securities J.
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

55,132

-1
143

1,985
681

1,901,825
-9,480
263,355

2,213,641

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

7,116

662
1,163

Total liabilities

8,989

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.

Total liabilities and investment.

57,009

2,156,498

-8,854
2

Bureau
of

Reclamation

Federal
Water
Pollution
Control

Justice Department

Office
of the
Secretary

Federal
Bureau of
Investigation

Federal
Prison
System

Bureau of
Prisons

Bureau of
Narcotics- and
Dangerous
Drugs

—
December 1968

135

—CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES—
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June

30, 1968

Part

-

B

I

-

(Continued)

(In thousands of dollars)

Transportation Department
Labor
Department

Account

State
Department

Treasury
Department
Coast
Guard

Federal
Aviation
Administration

Federal
Railroad
Administration

Highway
ii

18/

Office of
the Secretary

ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U.S. Treasury 4/*"
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 5/.
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)...
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

489,513

76,740

167
192,806

768,116

.

37,800

509

66
38

24

10

104

27,509
309

567
1,263

7,702

Q 41

46,765
448
1,905

1,966
1,055
66,108
-75

20,777
2,504
146,742

102

1,185,581

1,113,657
-4^,77?

20,892
-2,841

243

146

1

1

363

122

1,290

92,653

6,300

334,085

1,620

41,924

669

4,403

132

l'-4.094

523,631

566,660

1,556,459

2,163,941

34,972

29,205

16,777
20,436

630
13,949

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

4,746

684
7,682

28,531

612

67
378

4,767
6,924
7,777

4,450
3,474

1,032
915

26,613

3,087
3,689

34

25,238

.

.

144

1,356

.

39,42

,

1,306
:.

....

658

3

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

477,908
6,300

771,022

159,096
1,336,727

7o6,720
1,221,015

669
-264,323 16/

484,208

238,105
18,420

41,520

1,495,822

1,987,735

1,556,459

2,1.

,

Total trust and private interest.

Footnotes at end of Table

7.

3,631

56c ( 60

234

314

-130,237 16/

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).

Total liabilities and investment.

28,900

(Continued on following page)

,

11

).92f

_.

q,"-„

Treasury Bulletin

136

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities

,

June

30, 1968

-

Part

BV

-

(Continued)

(In thousands of dollars)

Treasury Department - (Continued)
Internal Revenue Service
Bureau
of

Bureau
of the
Mint

Revenue
accounts

'

Customs

Administrative
accounts

Atomic
Energy
Commission

Other
12/

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury^/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
C
FHLB and FLB securities J.
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

14,557
4,956

24,844

102

5,075
10

Total assets

66,192

827
32,952
17

177,090
26,625

104
806

98
9

44,917

3,886,189

2,874

274,201 20/
95,638

165

1,678

907

12
245

2,598

3

169
13

12,778

71,029
-35,137

31,315
-5,331

20,624
-12,891
1,638,010
5,697.

4,330

1,089

58,886

4,094,415

84,742

2,024,952

205

37,217

4,743
28,252

440
7,358

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

40,80^

6,229

235,346

62,012

4,812

Total liabilities

47,961

18,781

90,345,278

98,814

98,237

562

14,826

10,715

17,670

25,279

107
5,910

2,318

16,855
13,802
15

10,029

90,054,431 21/

18,284

1,U0

3,806

54,955

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.

18,232

40,105

-86,250,863 22/

-24,786

2,483
5,657
1,918,576

-86,250,863

-14,072

1,926,715

4,094,415

84,742

Trust and private interest:
Princ ipal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

66,192

58,886

Veterans
Administration

December 1968

137

—CORPORATIONS AND OTHER BUSINESS-TYPE
Section

Table

4.

-

I

-

Statements of Financial Condition

Certain Other Activities, June 30, 1968
(In thousands of dollars)

Account

ACTIVITIES

-

Part

B

1/

-

(Continued)

Treasury Bulletin

138

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

-

I

5.-

Statements of Financial Condition

Trust Revolving Funds, June
(In thousands of dollars)

Agriculture
Department

Farmers Home
Administration
'

Total
2/

State rural
rehabilitation
funds
ASSETS
Cash in banks, on hand* and in transit...
Fund balances with the U.S. Treasury 4/..
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities 5/
Other securities
Unamortized premium, or discount (-)...
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
U.S. dollar loans
Other:
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Total assets

39,717

1,659

4,645,872

173

16,985
12,500
-30,070
52

339, 834

70,556
11,725
1,142

19

49,446
144,375

11,808,393

-20,754

457

23,531 6/
-942

573

8,455
-59
16,155
-2,796

30

53,401

13

17,205,554

24,938

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agenc ies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...

10,884,657
1,086,843

Total liabilities

12,320,530

14,800
101,100
3,445
154,893

180
64,111
10,500

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues ( Total United States interest
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest

Total liabilities and investment

Footnotes at end of Table

7.

56,540

310,345

3,711,538

4,078,423

21,796
392,279
392,526
806,601
17,205,554

98

30, 1968

.

'

December 1968

139

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES—
Section

Table

5.-

Statements of Financial Condition
Trust Revolving Funds, June 30,1968 -(Continued)
I

-

(In thousands of dollars)

Treasury
Department

Office of the
Comptroller
of the

Currency %/

General
Services
Administration
National
Archives
trust fund

Civil Service Commission

Employees'
health
benefits
fund

Employees
life
insurance

Farm Credit Administration

Retired
Banks
employees'
for
health
cooperatives
benefits fund

Federal
intern:.

credit
banks

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U.S. Treasury 4/.
Investments:
Public debt securities (par value)
Securities of Government enterprises.
FHLB and FLB securities 5_/
Other securities
Unamortized premium, or discount (-) .
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises,
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

14
71

10
749

12,372

7,523
13,557
99,83*

4,386
7,275

447

12,274
171

15,124
3,866

495,148

3,820

56,781

137,009

.

.

3,700

2,000
-69

22

-3

22
38
50

-198

-10,963

39

13

97,000

217,187

25,646

37,705

22,916

10
6

710

-328

10,500
-4,816

2,940

248

,

Total assets

980

191

4,837

375

824

139

23,304

93,190

1,456,282

3,940,081

-i

,81]

573

992
-349

-59
2,476
-517

350
-92

343

15,586

691

1,227

256,441

741,649

63

58,522

34,114

r
J

,

J8 , 85:

3,339
-1,042

2,066
4,213,

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)....

1,237

Total liabilities

2,290

40
35

55

29

44

863

857

51
65

9,673
6,422

4,819
283

100
17,333

85,881

235

238

6

10,500
25

2, Q 7S

767,736

2,044

801,894

1,219,015
624

3,778,580
6,434

1,263,910

3,876,241

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)..
Deposits of general and special fund
revenues (-)

21,736 2/

12,347

Total United States interest

Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest
Total liabilities and investment

Footnotes at end of Table

T.

34,083

13,296

1,139

194,^42

-60,245

13,296

1,139

194,94:

-60,245

.

741,1.4°

26,916
,

135,701
105,158

33,938

Treasury Bulletin

140

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

I

Table

-

Statements of Financial Condition
6.

-

Trust Funds, June

30, 1968

(In thousands of dollars)

Commerce
Department

griculture Department If

Total
2/

Agency for
International
Development

Consumer and
Marketing
Service

Forest
Service

Other

Regional
Action
Planning
Commissions

Defense
Department tj
Army
Department
United States
Soldiers
Home

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury %'...
Investments:
Public debt securities (par value)
Securities of Government enterprises. . .
FHLB and FLB securities 6/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Heal estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

202,730
3,238,558

3,301
77,531

236

349
6

78

1,123

3,785

2,579

67,357,658
64.4,600
2, 425,000

-U.923
1,073
1,407

-1

219

717,859
51,918

22,

9U

3,163

66,253

43,696
140,375
784,465

105,874
-15,862
47,440
161,231
75,930,210

Total assets

28,297

202
-4

1,361
-671

73

38,149

7,294
38,149

36,339

111,423

1, <''

7,020

2,661

706

641

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

253
858

12,786
418,658

1

38

8,781
714,533

432
1,499

932

6
95

209,560
436,939

34,828

9,475
19,924

405

79,350,833

2,201

81,152,098

38,971

72,091

561

706

641

38, 14.9

-2,632

39,332

765

6,3U

2,020

38,149

-2,632

39,332

765

6,314

2,020

36,339

111,423

7,020

2,661

51

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-T
Total United States interest.
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

Footnotes at end of Table 7.

51,480,575
-56,702,462

-5,221,888
75,930,210

!8,]

..

(Continued on following page)

..

December 1968

141

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

6.-

Statements of Financial Condition
Trust Funds, June 30, 1968- (Continued)

I

-

(In thousands of dollars)

Health, Education, and Welfare Department

Social Security Administration

Account

Fed. old-age
and survivors
insurance
trust fund

Federal
disability
insurance
trust fund

Federal
hospital
insurance
trust fund

2,298,435

235,713

60,360

22,743,265

2,206,433

1,258,764

506,500
-15,285

145,000
-1,750

111,500

Federal
supplementary
medical
insurance
trust fund

Interior Department
Public
Health
Service

Trust
funds 7/

Bureau of
Indian affairs

Trust
funds 8/

Fish and
Wildlife
and Parks

National
Park Service

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury £/. .
Investments:
Public debt securities (par value)
Securities of Government enterprises. . .
FHLB and FLB securities 6/
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies.
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Heal estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets

281,413

477

165,7.1
125,605

3,334

140

53,246

821

-16

12

712

647

1

448
1,226
421

37
616
316

58,814
-13,742

487

13,529

23

7,827

1,104

362,312

12,208

3,170

89

7,999

25,589,441

2,585,396

1,430,636

306,703

234

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves)...
Total liabilities

369
645

8,292
31,873

2,744

11

41,1 Q 1

,744

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)...
Deposits of general and special fund
revenues (-)
Total United States interest
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)...
Total trust and private interest.
Total liabilities and investment.

582, 652

1,430,636

306,703

1,099

25,548,

,582,652

1,430,636

306,703

1,099

25, 589, 441

,585,396

1,430,636

306,703

1,104

25,548,250

>,

358,360

::

'.

•

362,312

Treasury Bulletin

142

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

6.

-

I

-

Statements of Financial Condition
30, 1968 - (Continued)

Trust Funds, June

(In thousands of dollars)

Transportation Department

Labor Department

Bureau of Public Roads
Bureau of
Employment
Security

Other
trust
funds

State
Department

2/

Highway
trust
fund

ASSETS
Cash in banks, on hand, and in transit....
Fund balances with the U.S. Treasury 5/...
Investments:
Public debt securities (par value)
Securities of Government enterprises....
FHLB and FLB securities 6/.
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Total assets.

3

57,320
11,061,159

501,500
-6,864

10,257
8,768

20,740
8,565

1,620
-625
35,328

11,697,770
LIABILITIES

Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies.
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).
Total liabilities

5,856
24,874

HO, 375
2,496

651

174,251

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest.
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-).
Total trust and private interest.
Total liabilities and investment.

-

Other
trust
funds

Treasury
Department
Trust
funds
10/

General
Services
Administration
National
Archives
gift fund

j

.

,

December 1968

143

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section

Table

6.

-

I - Statements of Financial Condition
Trust Funds, June 30, 1968 - (Continued)

(In thousands of dollars)

/eterans

Administration

'

Civil Si
Commission

Account
General
Post fund
National
Homes

National
service
life insurance fund

United States
Government
life insurance fund

Civil service
retirement
and disability fund

Railroad
Retirement
Board 11/

Other
12/

ASSETS

Cash in banks, on hand,, and in transit...
Fund balances with the U.S. Treasury 5_
Investments:
Public debt securities (par value)
Securities of Government enterprises...
FHLB and FLB securities o
Other securities
Unamortized premium, or discount (-)....
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other:
U.S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral:
Real estate
Other
Allowance for losses (-)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
.

14
2,399

1,877
4,458

1,787

31,644
172,232

125,445

1,547

1,070

5,855,749

876,400

17,900,806

4,095,747

148

594,600
506,500
-17,383

50,000
281,500
-3,616

372,500

33

12

,

,

1

,

129,100
758

1

24

',1 "

58
25

95

,

Total assets

16
283

14

,

3Q

20,909

1,589

701,800

79,446

5,745

,742

12,634
140,375

5,818

1,880
-820

460

260
567

°-417

,''.:-•

102,175

959.326

,012

24,925

3,393

6,211
178,716

4,682

281

234,082

13,679

6,603,157

915,199

6,866,845

932,;?

5,389,919

.

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Participation certificates
Other
Other liabilities (including reserves).

14

96

Total liabilities

109

27
92

59,711
131,158

71,781,210
•

,137

NET INVESTMENT

United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U.S. Treasury....
Other
Noninterest-bearing investment:
Capital stock.
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest
Trust and private interest:
Principal of fund
Capital stock
Accumulated net income, or deficit (-)..
Total trust and private interest
Total liabilities and investment

9,307

9,307
"H"
,

91,313

26,773

91,313

b,773

-,:'-

—,

5,197,645

2,243

5,l Q 7,6i5

2,243

.

,608,12!
iu,55.»,yir

,

Footnotes at end of Table

7.

.

Treasury Bulletin

144

nORPORATIONS AND OTHER BUSINESS-TYPE APTTVITTF.S
Statements of Financial Condition
Loans Outstanding June 30, 1968, Excluding Interagency Loans,
Classified by Type and Account
Section

Table

7.-

I

-

(In thousands of dollars)

United States dollar loans
Loan account

Type of loan and lending agency

Public
enterprise
revolving funds

Total 1/

To aid agriculture
Loans to agricultural credit corporations:
Federal intermediate credit banks
Loans to cooperative associations:
Banks for cooperatives
Economic opportunity loan fund
Farmers' Home Administration:
Direct loan account
State rural rehabilitation funds
Rural Electrification Administration
livestock and commodity loans:
Crop,
Commodity Credit Corporation
Farmers Home Administration
Direct loan account.
Emergency credit revolving fund
Storage facility and equipment loans:
Commodity Credit Corporation
Farm mortgage loans:
Farmers' Home Administration:
Agricultural credit insurance fund
Direct loan account
Rural housing insurance fund
Rural housing loans
State rural rehabilitation funds
Other loans:
Banks for cooperatives
Economic opportunity loan fund:
Loans to aid farm or rural families....,
Farmers' Home Administration:
Direct loan account
Rural housing and other loans
Rural rental housing loans
Senior citizens' rural housing loans...
State rural rehabilitation funds
:

3,940,081

1,454,382
12,370

12,370

227, 524

227, 524

60
4,796,259

1,344,765

U

'

,

,

,

,

Total to aid agriculture
To aid homeowners
Mortgage loans
Housing and Urban Development Department:
Federal Housing Administration:
Community disposal operations fund...
Revolving fund
Federal National Mortgage Association:
Management and liquidating functions.
Secondary market operations
Special assistance functions
Low -rent public housing program fund . .
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project
Veterans' Administration:
Direct loans to veterans and reserves..
Loan guaranty revolving fund
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance
Corporation
Other loans:
Appalachian housing fund
Veterans' Administration:
Direct loans to veterans and reserves..
Loan guaranty revolving fund

616
139,603

616
139,603

77,005

77,005

194,217
286,462 5/
137,375
576,763 5/
21,012

194,217
286,462 5/
137,375
576,763 5/

1,900
74,449
739,964 5/
1,866
10,366
34,067
2,460
14,073,564

74,449

739,964 J/
232
10,366
34,067

2,511,012

:

Total to aid homeowners
To aid industry

:

Loans to railroads:
Expansion of defense production:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation
loans in liquidation
Interstate Commerce Commission
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund.
Maritime Administration
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guarantees:
Air Force Department
Army Department
Navy Department

10,779

10,779

213, 576

213, 576

,723,526 5/
,388,498
,970,615 5/
121

150

1,257,152 5/
20,860

1,723,526 5/
1,970,615 5/
121

150

December 1968

145

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES,
Table

7.-

Section I - Statements of Financial Condition
Loans OutstandingJune 30,1968 Excluding Interagency Loans,
Classified by Type and Account - (Continued)
,

(In thousands of dollars)

Treasury Bulletin

146

__CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES ^_
Table

7.-

Section I - Statements of Financial Condition
Loans Outstanding June 30, 1968, Excluding Interagency Loans,
Classified by Type and Account - (Continued)

.

.

.

:

December 1968

147

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table

1/

Business-type activities reporting pursuant to Department Circular

receivables recoverable in foreign currency as well as balances of
foreign currencies in United States depositaries, aggregating $6,108
million in dollar equivalent.
These currencies, acquired primarily
without the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and
Assistance Act of 1954, as amended, and the Mutual Security Acts, as
amended. Dollar equivalents are computed for reporting purposes, to
provide a common denominator for the currencies of the many countries
involved. Foreign currencies on hand and on deposit and loans under
section 104 (e) of the Agricultural Trade Development and Assistance
Act of 1954, as amended, are stated at the rates as of June 30, 1968,
at which the United States could purchase currencies on the market
for regular operating purposes. Other loans are stated at the rates
at which they are to be repaid or at rates in effect when the loans
were extended. Currencies that are dollar denominated or guaranteed
as to rates of exchange are stated at rates specified in the agreements

No. 966.

2/

2/
ij

5/
6/

1

Activities reporting pursuant to Supplement No. 1 (Revised) to
Department Circular No. 966. These are mainly not business-type
activities. Excluded from the June 30, 1968, figures are those
activities of the Department of Defense which have not yet furnished the data required by the Supplement.
Certain trust funds are included on the statements of the general
fund activities if the programs are closely related.
These amounts consist mainly of unexpended balances of general,
special, and revolving fund accounts against which checks may be
drawn to pay proper charges under these funds . The funds are considered as assets of the agencies, but are not assets of the United
States Government since funds must be provided out of cash balances
of the Treasurer of the United States and future receipts to take
care of checks to be issued against the balances.
Represents Federal Home Loan Bank and Federal Land Bank securities.
Includes foreign currency assets, representing loans and other

.

Footnotes to Table 2
1/

2/
2/
£/
5/

6/

2/

Included beginning June 30, 1968.
See Table 1, footnote 4.
See Table 1, footnote 5.
Foreign currency assets are included throughout the table (see Table
1, footnote 6)
Certain corporations and other business-type activities that have
submitted statements of financial condition guarantee and insure
loans made by private financial institutions and insure deposits in
banks and savings and loan associations. These commitments are excluded from their balance sheets. The major agencies that have
these items and the principal amounts thereof are as follows:
Amount
Activity
(In millions
of dollars)
Liquidation of foreign military sales fund
31
Agency for International Development:
Foreign investment guarantee fund
277
Agriculture Department:
Farmers' Home Administration:
Agricultural credit insurance fund
1,451
Rural housing insurance fund
887
Commerce Department:
Federal ship mortgage insurance fund
513
Health, Education, and Welfare Department:
Office of Education:
Student loan insurance fund
61
Housing and Urban Development Department:
Urban renewal fund. .
2,229
Low rent public housing
Local housing authority bonds and notes
5,292
Local housing authority temporary notes
961
Federal Housing Administration:
Revolving fund
57, 763
Veterans' Administration:
Loan guaranty revolving fund
17, 483
Export-Import Bank of the United States
162
Federal Deposit Insurance Corporation (December 31,
1967)
261,100
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation
126,400
Interstate Commerce Commission
160
Small Business Administration:
Business loan and investment fund
344
Defense production guarantees (various agencies)
17
Represents transfers of principal and interest to miscellaneous
receipts.
Includes operating and administrative expenses funds.

8/

%/
10/

n/
12/
13/
14/

15/

16/
17/
13/

19/
20/

21/

22/
23/
24/
x

Represents collections turned over to the Federal National Mortgage
Association, participation sales fund and held for payment of
principal and interest on participation certificates.
Excludes guaranteed commodity loans financed by financial institutions amounting to $923 million.
Participation certificates, shown in the liability section of this
statement, have been issued against certain of these loans under
trust agreements by the Federal National Mortgage Association
participation sales fund.
Represents noninterest-bearing public debt borrowings from the United
States Treasury Department pursuant to an act approved November 2,
1965 (79 Stat. 1178).
Includes helium stored underground for future use amounting to $214
million.
Includes construction work in progress amounting to $114 million.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
Figures in this column are preliminary. The cash and fund balances
and receivables include sufficient funds to pay for resources on
order of $312 million. These resources on order are a part of the
Government equity in the Postal Service. The receivables do not
include contingent receivables of $1 million based on contested
Civil Aeronautics Board orders.
Valued at cost, estimated if not known.
Represents construction work in progress.
Liabilities do not include: (1) contingent liabilities of $47 million
for pending suits and damage claims; (2) postage in the hands of the
public which, for practical considerations, has been accounted for
as revenue when sold; (3) contingent liability on defaulted contracts
relating to mailster procurement; and (4) undetermined amounts for
long-term leases.
Represents accrued interest expense on borrowings from the United
States Treasury Department on which payment has been deferred.
Represents public debt borrowings transferred from the direct loans
to veterans and reserves fund. These borrowings are noninterestbearing as provided by acts approved February 2°, 1964 (78 Stat.
147), August 30, 1964 (78 Stat. 66l), and September 6, 1966 (80
Stat. 679).
Participation certificates amounting to $2,183 million, issued
against certain of these loans, were outstanding as of June 30,
1968.
Includes investigations and construction work in progress amounting
to $260 million.
Represents primary and secondary reserves.
Consists of net income from power operations of $646 million and net
expense of nonrevenue-producing programs of $384 million.
Less than $500.

Footnotes to Table 3
1/
2/

y
5/

See Table 1, footnote 4.
See Table 1, footnote 5.
Excludes personal property which had an original acquisition cost
value of $63 million accounted for by this fund (see Table 4 -Part B,
footnote 3 )
Includes the Defense Communications Agency.
Excludes capital property such as land, structures, and equipment as
follows: Defense agencies, $6 million; Air Force, $2,492 million;
Army, $1,715 million; and Navy, $3,686 million.

67

2/
8/

Consists mainly of capital representing appropriations, reappropriations, capitalisation of assets, and accumulated net income or
deficit. Figures for each of these amounts were not shown separately
on the report submitted by the fund.
Included beginning June 30, 1968.
Represents prepayments for orders made by other Government agencies
to this fund.
Less than $500.

Treasury Bulletin

148

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 4
1/

Business-type activities reporting pursuant to Department Circular

2/

Represents the Cooley loan program established pursuant to the
Agricultural Trade Development and Assistance Act of 1954, as
amended (7 U.S.C. 1704 (e)).
Represents other loans, salaries, and expenses.
Loans shown in this column are in liquidation.
See Table 1, footnote 4.
See Table 1, footnote 5.
Represents amounts due from other appropriations to cover undisbursed
loan agreements financed out of grant appropriations.
Includes assets in use, vessels, and other assets held primarily for
mobilization, and vessels held for scrapping.
Represents depreciation on assets in use and on mobilization assets,
and allowance for losses on vessels held for scrapping.
Foreign currency assets are included throughout the table (see Table
1, footnote 6)
Includes deferred interest income.
Represents transfers of principal and interest to miscellaneous
receipts of the United States Treasury.
Includes unclassified assets and construction work in progress
amounting to $162 million.
Represents judgments in favor of the United States. Does not include
allowance for uncollectible items.

No. 966.

2/
ij
5/
6/
7/

15/
16/
17/

18/

20/
21/
22/

22/

Footnotes to Table 4
See Table 1, footnote 2.
Includes disaster relief.
Includes personal property amounting to $63 million accounted for
by the acquisition of property revolving fund, and foreign
currencies.
&/ See Table 1, footnote 4.
5/ See Table 1, footnote 5.
67 Includes construction work in progress by various agencies
amounting to $5,979 million.
Consists of Cooperative State Research Service, Extension Service,
Farmer Cooperative Service, Economic Research Service, Statistical
Reporting Service, Foreign Agricultural Service, International
Agricultural Development Service, Commodity Exchange Authority,
Agricultural Stabilization and Conservation Service, Rural
Community Development Service, Packers and Stockyards Administration, Office of the Inspector General, Office of General
Counsel, Office of Information, National Agricultural Library,
Office of Management Services, and general administration.
Consists of general ad min istration and other activities, National
Bureau of Standards, and Patent Office.
Represents civil activities exclusive of the intragovernmental
revolving fund.
Includes $2,483 million which is the value of improvements
provided by the Federal Government for channels, harbors, local
flood protection projects, alteration of bridges, and other types
of work. These items have been excluded from the annual report of
real property owned by the Government furnished to the General
Services Administration.
Includes nonre venue -producing operations.
Consists of Administration on Aging, and Office of the Commissioner.
Includes National Technical Institute for the Deaf and the Model
Secondary School for the Deaf.
Consists of Social Security Administration and special institutions Freedmen's Hospital, Gallaudet College, and Howard University.
Represents the nonrevolving funds of the Department.
Represents nonrevenue-producing operations.
Includes $604 million representing the Bureau's repayment obligation
for Corps of Engineers investment allocated to power. The amount
is offset in "Capitalization of assets" under "Net investment."
Includes Office of the Secretary and National Transportation
Safety Board.
Consists of Bureau of Accounts, air-conditioning the Bureau of
Engraving and Printing buildings account, Bureau of the Public

1/
2/
1/

20/

21/

U

22/

23/
24/

*

-

2/
8/

2/
10/

A

Includes interest on invested capital.
Includes Public Works Administration (in liquidation) and strategic
and critical materials.
Includes stock of the Asian Development Bank amounting to $40 million, stock of the International Bank for Reconstruction and
Development amounting to $635 million; and subscriptions to the
International Finance Corporation, the Inter-American Development
Bank, and the International Development Association amounting to
$35 million, $1,350 million, and $632 million, respectively.
Includes lend-lease and surplus property principal balances amounting
to $1,228 million; and receivables from the District of Columbia,
Greece, Japan, and the United Kingdom amounting to $202 million, $13
million, $305 million, and $3,029 million, respectively.
Includes construction work in progress amounting to $109 million.
Includes buildings and land improvements and construction work in
progress amounting to $1,040 million.
Represents construction work in progress.
Represents an accountable advance to General Services Administration for transfer of silver to the strategic and critical
materials stockpiles. The value of this silver is included in

inventories
See Table 2, footnote 5.
Less than $500.

-

Part

B

Debt, Office of the Treasurer, United States Secret Service,
Federal Control of Transportation Systems, and foreign currencies
acquired without dollars.
Includes $213 million representing the value of silver transferred
to the strategic and critical materials stockpiles (see Table 4 Part A, footnote 22). Does not include the cash balance with the
Treasurer of the United States.
Represents primarily prepayments of estimated tax, depositary
receipts, and Federal tax deposit forms received prior to
assessment of the related tax liability.
This account has a debit balance primarily because of the receipt
of estimated tax prepayments, depositary receipts and Federal tax
deposits prior to assessment of the related tax liability.
Includes the John F. Kennedy Center for the Performing Arts and
the National Gallery of Art.

Consists of Legislative Branch - Government Printing Office nonrevolving funds, and land and structures not capitalized, and the
General Accounting Office; Executive Office of the President - the
White House and special projects, Executive Mansion, Bureau of the
Budget, Council of Economic Advisers, National Aeronautics and
Space Council, National Council on Marine Resources and Engineering
Development, and Commission on Marine Science Engineering and
Resources, National Security Council, Office of Science and
Technology, President's Commission on Postal Organization, special
representative for trade negotiations, and other miscellaneous
funds; Funds appropriated to the President - Peace Corps, Philippine
education program, public works acceleration, southeast hurricane
disaster, and special foreign currency activities; and independent
agencies - Administrative Conference of the United States, Civil
Aeronautics Board, Commission of Fine Arts, Commission on Civil
Rights, Equal Employment Opportunity Commission, Farm Credit
Administration securities, Federal Coal Mine Safety Board of Review,
Federal Field Committee for Development Planning in Alaska, Federal
Radiation Council, Federal Trade Commission, Foreign Claims Settlement Commission, Historical and Memorial Commissions, Indian Claims
Commission, Intergovernmental agencies, Interstate Commerce Commission, National Capital Transportation Agency, National Foundation
on the Arts and the Humanities, National Labor Relations Board,
National Mediation Board, Renegotiation Board, Securities and
Exchange Commission, Subversive Activities Control Board, Tariff
Commission, Tax Court of the United States, Temporary Study
Commissions, United States Arms Control and Disarmament Agency,
and Water Resources Council.
Less than $500.

Footnotes to Table
Does not include "Surcharge collections, sales of commissary
stores," Army and Air Force. Statements for these funds were not
received.
Consists of trust revolving funds currently reporting on a
quarterly or an annual basis.
Included beginning June 30, 1968.
See Table 1, footnote 4.
See Table 1, footnote 5.
Includes loans of $21 million which are insured by the Farmers

Part

5

Home Administration, agricultural credit insurance fund.
Represents transfers from States.
See Table 2, footnote 5.
Excludes $8 million in process of retirement.
The net income is not available by law for dividend distribution and
is considered by the Corporation as a reserve for future deposit
insurance losses and related expenses with respect to insured banks.
Less than $500.

Footnotes to Table 6
Deposit funds are included in the statements of this Department.
Certain trust funds are included in the statements of the general
fund activities if the programs are closely related.
Consists of Agricultural Research Service and Soil Conservation
Service.
Excluded are figures for activities which have not yet furnished the
required statements.
See Table 1, footnote 4.
See Table 1, footnote 5.
Consists of conditional and unconditional gift funds; contributions,
Indian health facilities; patients' benefit fund; and special

8/

2/
10/

11/
12/

*

statistical work, vital statistics.
Includes deposit funds.
Includes the foreign service retirement and disability fund.
Consists of the Bureau of Customs, Esther Cattell Schmitt gift fund,
Pershing Hall Memorial fund, and foreign currencies.
Includes the railroad retirement account, the holding account, and
the supplemental account.
Includes Funds appropriated to the President - Peace Corps, the
Smithsonian Institution trust funds, and the tax court judges
survivors annuity fund.
Less than $500.

.,

December 1968

149

.CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES.
Section IV

-

Par ticipation Certificates

(In millions of dollars - face amounts)

Participation certificates issued by FNMA acting as trustee
Total
participation
certificates

Fiscal year
or month

Sales
1962
1963
1965
1966
1967
1968p

300
250
373
750
601
311
3,820

1967-November.
December.

196

,

1968-January. .
February.
March
April
May
June p.
.

.

July
August

Out-

standing

300
30
66
255
4.28

520
827
1,322
3,495

831

Sales

300
250
373
450
761
,411 2/

664

10,083

570

1,010

115
25

6,716
7,701

10

1,250

8

50

161
143

8,943
8,832
8,689
9,658
9,652
10,083

1,000

31
6

500

70

1,330

129
78
77

,

September.
October.
November.
.

Fiscal 1969
to date

Retirements

Export- Import Bank
of the United States

1,330

Retirements

30
66
255
398
650 2/
535
85

50

161
143
11
6

500

94
78
77

8
31

9,954
11,206
11,129
11,121
11,090

323

11,090

258

Out-

standing

Farmers Home
Administration 1/

Sale

300
520
827
1,022
1,385
2,146
2,183

300
1,840
2,900
3,250

1,951
1,961

1,000

1,953
1,842
1,699
1,688
1,682
2,183
2,089
2,011
1,934
1,926
1,925

1,925

Retirements

Outstanding

30
180
180

300
2,110
4,830
7,900

30
25

1,250

20

70

6,990
6,990
6,990
7,970
7,970
7,900

30

7,865
9,195
9,195
9,195
9,165

65

9,165

35

1,330

1,300

4,765
5,740

Sales

600
525

175
225

125

225

225

Retirements

Outstanding

600

Health, Education,
and Welfare
Department 2/

Sales

Retirements

Outstanding

Treasury Bulletin

150

CUMULATIVE TABLE OF CONTENTS.
January 1968 through December 1968

.

December 1968

151

.CUMULATIVE TABLE OF CONTENTS.
January 1968 through December 1968

(Continued)

-

Issue and page number

1968

Public debt operations (Continued)
Offerings of public marketable securities other than regular
weekly Treasury bills
Unmatured marketable securities issued in advance refunding
operations
Unmatured marketable securities issued at a premium or discount
other than advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills.
Disposition of public marketable securities other than regular
weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries

Jan.

Feb.

Mar.

41

35

33

u

38

47
49

May

June

July

30

37

31

29

36

31

29

36

33

40

35

33

39

34

32

39

41

39

36

43

38

36

42

37

35

42

43

41

38

45

40

38

44

39

37

44

52

46

44

41

48

43

41

47

42

40

47

Apr.

Aug.

Sept.

Oct.

:

.

.

United States savings bonds
Cummulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemption of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined....
Sales by States, Series E and H combined

55

50

48

45

52

47

45

50

45

43

50

60

56

54

52

59

54

53

57

53

51

58

63
63
64
66

59
59

57
57
58

55
55
56

62
62

56
56

59
59

58

60

57
59

60
62
63
64

55
55
56
58

53
53
54
56

60
60
61

60

63
65
66

57
57
58

61

59

67

t:l

60

65

59

57

65

68

'

61

66

60

58

66

68
69

62
63

61

66

60

62

67

61

58
59

66
67

64

63

68

62

60

68

67
69

65

67

73
75

70
71

68
69

76
77

:

United States savings notes
Sales and redemptions by periods

60
62
63
64

63
64

:

67

Ownership of Federal securities
Distribution by classes of investors and types of issues
Net market purchases or sales of Federal securities for
accounts handled by the Treasury
Estimated ownership

65

:

68
68
69

Treasury survey of ownership of Federal securities
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1968)

66
67

62
63

60
61

68

64

62

..:

:

73

Market quotations
End-of -month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities

75
77

78

Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds

78
79

81

Exchange Stabilization Fund (latest date June 30. 1968)
Balance sheet
U.S. stabilization agreements
Income and expense

80
81
81

73

:

69
71

67
69

75
77

71

68
70

72
73

70
71

78
79

72
73

71
72

78
80

:

82

:

72
73
73

70

73
74

71
71

74

National bank reports :
Earnings, expenses, and dividends for calendar years 1963-67

74

International financial statistics :
U.S. reserve assets:
gold stock, holdings of convertible
foreign currencies , and reserve position in IMF
U.S. liquid liabilities to foreigners
U.S. liquid liabilities to official institutions of foreign
countries, by area
Nonmarketable U.S. Treasury bonds and notes issued to official
institutions of foreign countries
U.S. position in the IMF
U.S. monetary gold transactions with foreign countries 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,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities reported by nonbanking concerns
Short-term claims reported by nonbanking concerns
Long-term liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
Purchases and sales of long-term securities by foreigners during
calendar year 1967

82
83

74
75

74
75

80

75

84

81

76

84

85

76

76

82

84
85

85
86

76
77

76
77

82
83

86

87

78

78

84

91
100
101

92
101
102

80
83
92
93

83
92
93

86
89
98
99

102

103

94

94

100

103
104
105
107
108
109
110

104
105
106
108
109
110
111

95
96
97
99
100

95
96
97
99
100

101
102

101
102

102

111

112

83

77
78

75
76

83
84

72
73

72
73

78
79

77

B5

74

74

80

77
78

85
86

74

74
75

80

79

87

75

81

76

:

103

Foreign currencies acquired by the U.S. without purchase with dollars
Foreign currency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds

Corporations and other business- type activities:
Statements of financial conditions (latest date June 30, 1968)
Income and expense ( latest date December 31 1967)
Source and application of funds (latest date December 31, 1967).....
Participation certificates
,

101

103

103
105
106
107
108
109

78

8]

81

92

81

94

84
93
94

78
81

84

84

101
102

90
91

90
91

96
97

95

95

103

92

92

98

96
97
98
100
101
102
103

104
105
106
108
109
110
111

93
94
95
97
98
99
100

93

97
9*
100
101
102
103

94
95
97
98
99
100

99
100
101
103
104
105
106

104

112

101

101

107

93

104

109
110

105
106
114

113
135
159

i.47

87

108

104.

140

111
133
156

138

105

113

102

111

fru.S. GOVERNMENT PRINTING OFFICEi 1968 0-300-987

POSTAGE AND FEES PAID
TREASURY DEPARTMENT

THE DEPARTMENT OF THE TREASURY

U.S.

FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON,

D.C. 20226

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
STATES
SAVINGS

BONDS

\

Treas.

U.S.

Treasury Dept,

HJ
10
.A2

Treasury Bulletin

1968
c.2

^i*-

m4