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/

RY
.

cr

n.

--<^<-^

LIBRARY
POniVl

JUN

?,

5030
1

1972

TREASURY DEPARTMENT

/

FCmyiCTORY

BUY
UNITED
STATES

BONDS
AND

STAMPS

BULLETIN
OF THE

TREASURY DEPARTMENT
FEBRUARY
1944

Analysis of Ftecelpts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics

UNITED STATES

TREASURY DEPARTMENT
OFnCE OF THE SECRETARY

Bulletin of the Treasury Department, February 1944
Cumulative Table of Contents
Issue and page number
I9I13

I9UU
f*h.

I.

Jan.

Dae.

Oct. B«pt.

Hot.

Aag.

July

June

May

Apr.

Mar

Special artlolee
War Loant:
PoiU'th War Loan, Janiiary-fabruary 19UU:

Prellalnary raport on ealea
Outline of plane
CoaparlBOB of faattiraa of aaenrltlea offerad

7
8-9

Third War Loan. Soptombar 19'»3:
Sales of securities, classified by Iseuas, hj types of InTootor.
and by States
Comparison of features of securities offered
Redenptlon Talues and InTestment yields of United States savlB^s
bonds and Treasury aaTlo^s notes

1-7
2-3
U

Second War Loan, iprll 19>t3:
Sales of Series Z saTln^s bonds by States
Sales of securities, classified by Iseues. by types of Inrestor.
and by federal BeserTe Districts
Coaparlson of features of securities offered

2-6
2-3

nret War

Loan. Decenber 19'*3> sales of securities clasalflad by
type of inreetor

A-2

Treasury market financing

7

1-6

rlnancin^ the war. and the post-war readjustment
Financial operations of the United States OoTemment during the fiocal
year I9U3

War aetlTities budgetary expenditures, monthly July

19I4O

through

2-5

^rll

19't3

Bank deposits:
N^s shoving deposits by counties, as of December 31> 19^2 and Increases duri Dg 19^2
Amounts by federal Seserre Districts and by States, December 51>
19I1I and 191*2

II.

1.-5

2-3

Summary of fiscal Btatlatlcs
Budgetary receipts and expenditures
Public debt and guaranteed obligations outstanding.
Means of financing cash requirements

III. Reoelpta and expenditures and appropriations
ipproprletioDB and net contract author! latlons for the war actlTltlBs
program as of month-end preceding month of publication

5-6

5-6 13-11*

5-6 13-lU

5-6

9-10 11-12

7-8 12-13

S-9

ll*

10
10
11

fiudgetaT7 receipts and expenditures:

Summary by major classifications
Analysis of receipts from internal revenue
Analysis of general expenditures
Analysis of expenditures for war actlrltiee
Analysis of expenditures for war actlTltles, monthly July 19I40
through April 191*3
Analysis of expenditures for (1) roTolTlng funds and (2) transfers
to trust accounts, etc
Total budgetary receipts and expenditures, by monthe, for recent
years
Trust account, etc. receipts and expenditures

Means of financing cash requirements

11
11

9
9

16
17

12
12

10
10

lU
15
15

17

13

11

16

15
15
16

7
7

15

8

17

9

11

7

10-11 10-11

15

ll*

12

10-11 18-19 10-11 I3-II* 15-16 11-12 16-17 llt-15 12-13

12

12

12

20

12

15

17

13

18

16

ll*

13

13

13

21

13

16

18

lU

19

17

15

11*

22

111

15
15

23
23

15
15

17
18
18

19
20
20

18
19
19

16
17
17

16
16

2U
2U
2U

16
16

16

16

19
19
19

21
21
21

20
20
20

18
18
18

17

25

17

20

22

21

19

Social Security progrejs:
Budgetary receipts and expenditures;
Social Security Act
Railroad Hetiroment Act
Railroad Unemployment Ineurance Act

Statement of trust accounts:
Federal Old-Age and SurrlTOrs Insurance Trust Fund
Hallroad Retirement Account
Unemployment Trust Fond

Cash Income and outgo of the Treasury:
Analysis by major classifications
Total cash Income and outgo by months beginning with:
January 1938
(Continued on following page)

18

23

17-1« 25-26 17-18 20-21 22-23 18-19

123-2**

21-22 19-20

.

Bulletin of the Treasury Department, February 1944

Cumulative Table of Contents

(Continued)

-

Zttua

atad

pa^ mnbcr

I9UU
r*k.

IV.

19113

J«a.

X>«e.

lOT.

Oct. Sept.

iag.

.Ail/

Jun*

Ma/

Apr-

Oeneral Fund of the Treasury
!••(•, llabilitlea,

And balaaea In 0«n«ral ?\ind.
AdaIjbIi of chjia^a la balsica of Oenaral fond...

V.

Mar

22
23

Publlo debt and guaranteed obllgatlone of United States Oot-

emaent
Publlo dabt and |;aaraataad obllcatlona:
3u^iar7
Satallad atateaant
Chart

85
27

Public labt;
lafuaaca and ratlraoant (racalpta and axpandlturea)
latareat-bearln^ dabt, eoopoaltlon of

26
26

Ouarantaad obligatlona held by Traaaai7
Dabt poaltloa of United state* QoTeraBent under llaltationa lapoaed bj
Section 21 of the Second Liberty Bond Act, aa aaended:
March 31 1?''3
June 30.
.

30

IW

31

Septeaber 30. IS^'i
Deeeaber 31. l^^i

35

Coapated Interest charge and ooaputed Intereit rate

3U

26

Maturity echedule of Intereit-bearln^ public aarketable eecuritlee
laeued or guaranteed by the United Statee, aa of aonth-end
praoedlnc aonth of pnbllcatl on

27

36

26

29

32

27

32

31

27-29 28-30 35-37 28-30 37-39 27-28 30-31 33-3^ 28-29 33-3^ 32-33 29-30

Offering of aarketable aecurltlea:
Treaaury bonda, notea. and certiflcatea of Indebtednaae be^nnln^
irlth:

January 1, 1939
January 1 19'io
January 1, I9U1
Treasury bills

;

38

31

29

30
31-32 32-33 39-1*6

'32

'30

31

.

32

35

30

35

33

36

31

36

3^

31

35

32

United Statee earing bonds:
Suj^^ry of sales and redeaptlons, by sarlaa.
Sales reported by series, classified by:
DenOBlnatlon
States
2eda«ptlen Talues and loreetMent ylelda
Payroll sarla^ plana

33-3^ 3'*-35

l»l-lt2 33-311

"3
36
35
,35
36-37 37-3« UU-lt; 36-37

U2-U3 31-32 3i»-35 57-38 32-33 37-38 36-37 33-3^

1*5-1*6

33

36

39

3i»

38

35

3M5

37-38

1*0-1*1

35-36

1*0-1*1 39-1*0

36-37

1*2

37

1*

39

Treasury notea - tax and saTiafs series:
Suj^Ary of sales and redeaptlons, 17 series.
Sales, claaslfled t^:
DenoainatlOQ
Type of purchaser
Redeaptlon ralues and Investaent ylelda

39JtO liO-Ul
1*1

k2

Ul

U6

38

1*7-1*8 39-1*0

1*9

1*1

U9

Ul

1*7

36

U8-U9 37-38
50
50

39
39

39

1*0-1*1 1*5,1*8 1*0.1*3

1*2

U6

1*2

17

Ul
Ua

U2

Ul

38

U5.U8 UU,U7 Ul.UU

U6
U7

Ua
'•3

U

United States sarlnirs staape;
Su^sary of salee and redaaptlone
Sales, claaslfled byi
Danoalnatlon
States

50

39

!2

VI. Ownership of Oovernnent aecurltlee
Soaaary dlatrlbutlon. by holdera. of securities Issued or guaranteed
by the United States

U6

Market transactions In OoTomaent eecuritlee for Treasury iDTestaant
account s aonthly beginning January 1937

1*6

,

5^

1*6

50

50

U6

U6

50

50

U6

Sttaaary data froa Treaaury eurrey of the ovnarshlp of Oorerusent

eecuritlee:
January 31, igUj
rebmary ^8, 19U3
March 31, I9U3
April 30. I9U3
May 31. I9U3
June 30, 191*3
Jttly 31
19^3
August 31 19U3
Septeaber 30, 19U3
October 31, 19Ui
lOTeaber 30. 19U3
Deceaber 31, 19U3

U7-52
50-55

52-63
52-63
52-63

51-56
U6-51
51-56

U7-52
UU-U9

.

55-60

.

U6-5I

5^59
U7-52
U6-5I

Berlslon of classification of Insurance conpaoy data, quarterly
March 31, 19U1 through March 31, 19U3, and April 30 and May 31,
I9U3
(CoatlBUvd on following page)

52-63

Bulletin of the TreaBury Department, February 1944
Cumulative Table of Contents - (Continued)

SPECIAL

ARTICLES

A-l

2

Treasury Bulletin

A-

Treasury Market Financing
On January 3k, the Treaaurjr announosd ar exohangt
offering for the $2,211 mllllonB of 7/8 poroent oertlfloates of Indebtedness maturing February 1, 1944.
Holders of the maturing Issue were glTen an opportunity
to exchange their holdings Into a new Issue of TreasThese notes are dated February 1, I9W, and
ury notes.
run for I3 months, to Haroh 1, 19145.
They bear Interest at the rate of O.90 percent per annum, payable on a
semi-annual basis on September 1, I9M and March 1,
Subscription books were open for three days,
19'*5January S'+'Sfi, lnolue.l»e.
A total of t2,126 millions
of the maturing Issue, or 96 percent of the amount out-

The remaining |83 millions of
standing, was exchanged.
certificates were redeemed In cash.
The maturing certificates were originally Issued
February 1, 19'^3 for the purpose of paying off
|1,588 millions of certificates then falling due, and
1633 millions of new money was raised In the operation.

on

On February 1, the Treasury paid off In cash the
maturing Issue of Federal Public Housing Authorltj
outstanding In the amount of
I-3/8 percent notes,
lllll

llllona.

Preliminary Report on the Fourth
Preliminary figures on subscriptions to the Fourth
War Loan Indicate that sales through February 22 aggregated $13,9 billions.
This figure Includes all sales
of marketable securities during the drlTe, since the
books on these Issues were closed on February I3. Sales
of United States savings bonds and Treasury savings
notes continued, however, and all purchases of these
securities which have been cleared through the Federal
Reserve Banks by the close of business February 29 will
be Included in the final drive total.
The preliminary sales figure of $13.9 billions may
be compared with the goal of ll*^ billions for the
Fourth War Loan.
The excess of (1.9 billions of sales
over the goal will be Increased as later sales reports
are received.
Final figures for sales in the Fourth
<ar Loan will be analyzed in the March issue of the
"Treasury Bulletin".
The

following

figures

classify

the

preliminary

War Loan

sales report as of February 22 by issues.

Fourth War Loan Sales Reported
Through February 22, 1944^
(In millions of dollars)

Nonmarke table' iaaues:
Series S Savings bonds
Series F Savings bonds
Savings bonds
Series
Series C Savings notes

Marketable issues:
2-1/2 percent Treasury bonds
2-1/'* percent Treasury bonds
7/8 percent Certificate of indebtedness
Total
1/

2.5«5
180
7k6
2,086

1,920
3,331
5.036
15,8«lV

Excludes Issues purchased outside Fourth War Loan
by U. S. Oovernment agencies and trust funds and by
conmeroial banks in connection with the United investment of their savings deposits.

SUMMARY

OF

FISCAL

-I-

STATISTICS

.

Treasury Bulletin

Budgetary Receipts and Expenditures
alUlou

(la

of dollu-i)

Tlrat 7 aontha.
flaoal jraara 19>«3 to IjUt

Coaplata flaoal raara, 19U1 to

lotlutad
IJt?

19W

19'»3

19>tS

Chaaca

1/

Choaca
19U3
to
l9>iit

19*1

19l»2

1943

I9M

1945

Aatial
1943 te

lattaatad
1944 to

aatlaatad aatlaatad
1944 1/
1945 1/

aec«iptfl:

;at«raal Tmr^aami
Ir.ooa*

and profit! tkxaa 2/

lBpl07««at tazaa
Mlioallanaooa latamal raranoa

^

Cuitoao

Othar raoalpta

jt/

Total raealpto

1.957

5.238

17. ll*

+U,876

3.'»70

7.960

l6.09>t

32.673

32,605

16.579

-68

577

720

853

133

925

1,186

l.l»98

1,570

3.169

1.299

2.270

2.769

3.209

tWtO

2.967

3.847

'».553

S.I61

5.164

372
6O8

239

l6>t

2)»9

392

389

324

kao

438

96

18

1U9

231

2.031

n.soo

515

286

916

2.'»55

2,050

1.538

-405

5.193

9,122

23.'»56

+1U.33U

8,269

13.668

23.385

42.578

43.425

19.193

*17

1.103

3

Laif:

Aaooatt traaafarrad to Fadaral Old-i^
and SnrrlTora Inaoranoa Traat rtind

^

Vat roealpti

Izpaodlturaa:

Uks

5ft

668

loh

661

869

U.THl*

8.558

22.789

lit. 231

7.607

12.799

1.392

2.656

289

1,264

Ui,l<6

40,769

18.9<»

-417

6/

Var actintlaai
Var Dapartaeat

5.817

2lt,032

28,389

^^.357

,3.678

1U,070

U2,265

Ug.790

47.597

3.337

9.500

lU.oSs

^.565

2.313

8.580

20,888

27.000

28,500

6.525
6,112

-1.193

TaT/ Dapartaaat
Mltoallaaaoua war actin tiaa

1.215

U.528

6.5l>8

42,020

310

3.362

8,955

11.910

11.453

2.955

-457

800

650

800

-150

88.500

88,200

16,391

-300

Aatlelpatad anpplaaantal appropriatlona
Total var actlTltlas

38.061

10,369

Tataraaa' idalnlatratien IJ

32^

353

Pttblle »orka g/

as

3U9

Aid to a«rlcultara J/
Social Security irograa 11/

789

63U

VorlE

Pro>ota Adalnlatratloa

Uti

i»9.0O3

H0.9'»2

6,301

26,011

.

365

12

563

556

602

873

1.267

271

393

286'

-63

758

e«o

543

-569

387

26

-182

U«9

-165

1.225

1,163

891

647

-272

-2<44

659

735

796

777

61

-19

97012/

299

11

-288

-11

93710/
^88

568

61112/

2>»2

72,109

16

-227

•

3

257

163

18

1.37'tl2/

ClTllian Conaarration Corpa

116

Othar 11/

538

5U9

6«

139

8l«l

873

901

2,881

Intaratt on tha public dabt

557

771

l.i87

•tins

l.Ill

1.260

1,808

3.750

Antielpatad aapplaaantal appropriatlona..
Total axpaodltoraa 6/
lat bttdcatarr daflelt 6/

Sonrc*:
•

1/
3/

^
U/

^
6/

2/

lU.ui

Ui.lt79

52.581-.

9.367

32.921

29.793

Traaatur States^nti, «xc«pt m» aot«d.
Lais than $500,000.
Baaad upon aatlaatea aa ihovn In the 19U5 Bod^t
Be^nnln^ J^lj,
Inclodat unjoat anrlchaant tax and rlotory tax.
asplojara undar
19^3> lacludaa collactlona of taxaa vlthhald
tha Cnrraat Tax Pahvant Act of I9U3.
Tor datalla aee follovioc
chapter on Racaipta and Zxpandituraa and Appropriatlona, Tabla 2.
Includaa ehlafl/ alcoholic iMTera^ taxaa, tohaceo taxaa. aannfaotnrara' and ratallen' aiciaa taxaa. and aitat« taxea.
lacludaa dapoalta tqr tha War. VaTjr. and Traaaury Departaeata and
tha U. S. Marltlae Coaalaalen raaxiltli^ froa the renegotiation of
var oontraeta. Information on the laoTint of aoch dapoalta la not
available on the baala of Dallj Traaatir/ Stateaenti. On tha
baala of corarlag warrnta, each dapoalta totaled $55^ allllona
during the flaeal /ear 13^3- Bodgat eatlaatea of each dapoalta
for tha flaeal Taara 19UU and I9U3 are $1,212 llllona vd
$1,733 llllona, reapeotlTel^.
7or •zplanatlos, tea tablee In next chapter on Social Security
procraa.
Ixelndea expandltnraa for public debt retlreaanta vhlch are chargeable to the alnklDg fond. etc. under apeolal proTlalona of lav.
tncludea axpeadlturea claaalflad ae tranefera to truat acconnte.
etc., for the idjuated Serrlca Certificate JUnd and tha Satlonal

-3.128

Dalljr

V

1.500

«/

-18

•

589

1.391
+1.100

45

170

-1P5

12,711

32.397

78.179

95.951

97.954

17.772

2.003

5.103

19.598

55.897

54.765

57.185

-1,132

+2,U?0

Servloe Life Ineuraaoe fond.
iBOludaa Public Works tranaactlona claaalf ted aa RaTOlTtug Panda
(net).

%}

10/
1 1/

12/

1^

Includaa Aid to apiculture tranaactlona claaalflad as RefQlTln^
Ponds (net); expendlturea of tha Dapartaent of Apiculture elaaalfied aa Dapartaental In the Ballj Treasur/ Statement: and Agricultural Marketing Adalnlstratlon tranaactlona claaalflad aa tranafere
to trust accounts, ate.
Repreiants gross expenditures of $1.2^ allllons less repaTaaats of
U. 9. InTsstaente In capital funds f^gregatlag $315 alllloas.
Includes expenditures clasilfled as transfers to tru^*' accounts.
etc. for the Ballroad RetlreaeDt Account and the Railroad Uneaployent Insurance Administration Tund. Ixcludes expenditures aade '^
Office for Xaergency Manageaent, Var Maap«var Coaalsslon (0. 9.
kployaant Serrlce) under authority of the Social Seeurltx Act
Includaa Hatlonal Tenth Adalnlatratlon.
Includaa departaental expendlturea not othervlae claeslflad and
expenditure! clasilfled aa transfers to trust aocoonts. etc., for
OoTarnaant eaployea retlraaent and Insuranoe funda.
Budget eatiaatei for l*^ and 19U5 Include $5 allllena and $1,000 allllona,
reapsctlTslj, representing transfari to public AmhX accounte for
exeeae-prof Its tax refund boade.

February 1944
Public Debt and Guaranteed Obllgatione Outstanding

AND EXPENDITURES
AND
APPRO PRI AT IONS

RECEIPTS

-J;-

February 1944
Appropriations and Net Contract Authorizations for the War Activities Program
As of January 31 , 1944

Date
approved

Public
Lav Ho.

Title of act

Appropriations

76th Congress, Third Session

Mar. S5. I9UO
Apr. 18, I9U0
May lU, igto
13

I9I4O
19l<0

IS,

I9U0

gU.

igito

Jxine 11.

June
June
June
June
June
June
July

U59
508
588

653
667
58
668

18,

19'w

9"*

Sept. 9.
Sept.sU,
Oct.
8,
Oct.
9.
Oct. lU,

19'»0

781

igto

99 J/
800
812
106

19140

19U0

53.965,035
11*9,500.000

2,U88.000
1.308,171,138

,

611

26, 19U0
26, igto
27. 19U0

19140

Treasury Department Appropriation Act, I9UI
Independent Offices Appropriation Act, I9UI
Justice Department impropriation Act. 1941 (Title III)
Navy Department Appropriation Act I9I+I
Military Appropriation Act. I9U1
Interior Department Appropriation Act, I9U1
War Department Civil Appropriation Act, 19Ul
Civil Activities National Defense Appropriation Act. I9UI
Emergency Relief Appropriation Act, I9UI (refugee relief)
Second Deficiency ^proprlation Act. I9IK)
Public Resolution (War Risk Insurance Fund)
Second Supplemental National Defense Appropriation Act. I9UI
Public Resolution (War Department - military posts and acquisition of land).
Third Supplemental National Defense Apnroprlatlon Act, 19^1
First Supplemental Civil Functions Appropriation Act I9UI
Public Resolution (national defense housing)

y
2/

y

1. "99. 323. 322

U95,000
15.000.000
1,U7U,901,057
50,000.000
17.656.900
1)0.000.000
2,1197.016.392

338.263.902
1.323,UlU,082
1U8.821,000
75,000,000

.

Total, 76th Congress. Third Session

$

8. 99"*. 015, 828

$

313,500.000

77th Congress. First Session

Fob.
6. I9UI
Feb. 13. I9U1
Mar.
1, I9I1I
Mar. 17. I9UI
Mar. 27. I9U1
Apr.
1, 191*1
Apr.
5. 191*1
*fT.
5. 19U1

W

May

I
9
13
23

25
28
29

6.
23.
May Zk.
May 31.
June 28.
June 28.
June 30.

191*1

1*8

191*1

71
73
88

July
July

1

191*1

3.

191*1

191*1

I9UI
191*1
191*1

I9UI

Aug. 25. 191*1
Oct. 26. 191*1

136
139
1U6
150
2U7
282

Joint Resolution (emergency ship construction)
Joint Resolution (clothing and equipage - War Department)
Urgent Deficiency ^proprlatlon Act. 191*1
Fourth Supplemental National Defense Appropriation Act 191*1...
Defense Aid Supplemental Appropriation Act. 191*1
First Deficiency Appropriation Act, I9U1
Independent Offices Appropriation Act, 191*2
Fifth Supplemental National Defense Aporoprlation Act, 19l*l
Navy Department Appropriation Act. 19^2
War Department Civil Appropriation Act. 191*2
Additional Urgent Deficiency Appropriation Act, 191*1
Treasury Department Appropriation Act, 19l*2
Justice, State and Commerce Departments i^jproprlation Act. 191*2.
Interior Department Appropriation Act 19^2
Military Appropriation Act. I9U2
Labor - Federal Security Appropriation Act. 191*2
Second Deficiency Appropriation Act. 191*1
First Supplemental National Defense Appropriation Act. 19l*2
Second Supplemental National Defense Aporoprlation Act. I9U2:
(Title I )
(Title II)
Defense Highway Act of I9U1
Third Supplemental National Defense Appropriation Act. 191*2
Joint Resolution (War. Philippine relief, and defense housing)..
,

.

".

Sot. 19. 191*1
Dec. 17. 191*1
Dec. 23. 191*1

295
353
371

Total, 77th Congress, First Session

^

Het coatract
authorizations 2/

Treasury Bulletin

Appropriations and Net Contract Authorizations for the War \ctlvltle8 Program^
As of January 31, 1944 - (Continued)
Pobllc

pproTcd

Uv

ntla

Approprlatlo&a

of act

lo.

78th Con^ats, first Seailon

Kar.
2. 19U3
Har. 18. 19l"3
Mar. 31. 19'»3
Apr. 29. I'^i
7.
2.

191*3

Jnna

Jma

l>t,

19U3

ttaj

June
Jvat
Jnl7
Jal7
Julj
Jnlj
Julj
July
July
July

19'>;

26. 19't3
26. 19''3
1.
1,

12,
12.
12.
12.
12,
12.

19''3
19''3
19'»3
19'»3
19'*3
19''3

19'»3
19''3

Oct.
1. 19'»3
Bac. 17. 19't3,
Sac. 23. I9U3

3
11

20
50
6U
70
90
92
105
108
129
112
133
135
139
lUO
156
20U
216

Joint Betolutlon (SclectiTa Senrlca S/ataa)
Mrit Daflclency ipproprlatlon ict 19'«3
Supplasantal Naval Appropriation Act. 19''3
Joint ReaolutloD (fam labor progras)
Joint Ratolutlon (Coacerce Department - war training procram)
»ar Dapartient Clril Appropriation Act. 19''''
Dafenta Aid Suppleeectal Appropriation Act. 19^*3
Indapendant Off icei Appropriation Act 19l*U
NaTal A|>propriation Act. 19Ult
DapartneDtv of State. Juttica, and CoBcarce Appropriation Act. l^hk.
Military Appropriation Act. 19''l*
Dapartsent of Agriculture Appropriation Act 19^
Urrent Deficiency Appropriation Act. 19*13
Interior Departaent Appropriation Act, 19^
labor- Federal Security Appropriation Act, I9UU
National War Agenc'ee J^proprietion Act, 191*
Second Deficiency Appropriation Act, 19'*3
Joint Resolution (Labor Derartment)
Public Law (naval expansion prograju)
rirst Supclenental National Defense Appropriation Act, 19Mt..,
.

.

.

Total, 78tb Congress. Tirst Session

t

21,160,000

Net contract
authorltatloDS 2/

February 1944
Budgetary Receipts and Expenditures
Table 1,- Sunnary by Major Classifications
(In millions of dollars)

Receipts

Tlacal year
or month

Total
recel pte

3.116
3.800
U,ii6

IS}"*

1935
1936
1937
1938
1939
19U0

Internal
reTeaua

2.6U1
3.275
3.513

19I11

19'»?
19''3

I9U3 -January.

.

fabrujUTr.

.

March
Aprl 1
M«7
June

3''3

387

<)2

187

5''

18

232
331
381

Uo

^K

391

5.9''7

955
5,206

6.372
6.119
7.35U

3''6

5.770
6.7UU

1.51''

7.W6

l.UgO
U.569

7.U35
8.327

U39
328
8U6

2,007
2.721

7.112
7.617
7.535

I.8I5
2.602
5.160

33
39
31

201

Ul

36lt

2glt

1,813
2.115

218
221
230

39
271
1

2.030
2.099
5.736

551

32

2.7't7

5,lt8U

2.779

2,188

"to

Source

121

32
37
3"

38
3^
3"

19UU- January...

2*

1.396
1.581
It. 211

2.069
2,370
5.737

.

929
1.029
l,?06
1.657
6.301
26,011
72,109

1.555

October.
Sovenber.
Dsceober.

.

6.1»37
5.86li

'',550
3.l''9
1.38'*
3.5''2

25
26
32

September.

,

2,896
3.209

72"
1.075
5.15^

2,01*8
.

77
76

1,820
508
225

22.282
788

89
21

1

Ul
262

127
12't

32^

257

5. '•^7

Dally Treasury Statements.
Less than $500,000.
Ixcludee sisounts for public debt retirement which are chargeable
to the slnlclng fund. etc. under special proTlslODS of lav.
for further details, see Table ?.
for explanation -see tables which follow on the Social Security
program
for further details, see Table 3.
for further details, see Table U.
for further details, see Table 5iUeo see footnotes
aul U/.
Total expenditures less net receipts.
Bepreeents expenditures for public debt retirements which are chargeable to the sinking fund. etc. under special prorialons of law.

^

7.221
7.055
6,215
5.986
5.595

10,'

.

-136 10/

3,611
5.103
19.598
55.597
5.58'*

1

35
i

7

1

2.11*7

6,97''

16

38

7.092
7.U69

l"*

1

10

1

5.952
5.955
3.756

337
365
583

6,U32
7,232
6.952

-1
5

3WI
15

J:^89°i

-2

2

2,087

7,U56
7.539

U35

36

5.'*26
5.7'*0

7. '•52

TUo

6.989
7.5U1
6.718

7,570

Uoo

7.138

37

601

30l»

Public
telit

retlre-

meota

1/

y

11

12. 799

35
235

etc.

U96

82U
1.190
5.207

75

(net)
6/

531
659
900

22.lUlt

9162/11

5/

U.90S
5.900
5.935

359
319
3U9
392
389
32U

3,005
J.UUg

.

265
387
503
53s
661
869
1.103

Ket
tm dietary
deficit

Transfers
War ac- EbtoIvId^ to trust
funds
accounts,
tivities

6,011
7,010
8.666
8.177
7.239
8.707
8,998
12,711
32.397
78,179

3.116
3.800
U.116
5.029
5.855
5.165
5.387
7.60T

67"
5.161
5.303
7.362
12.993

".569

July

Au^Bt

i6j
179
216
210
208
188
273 2/
515 2/
286 9/

313

6,^u^
5,668
5.925
5.269
13.668
23.385

5.

General

j

U86

5.2?"*

Zxpendltures l/

Lees net aiDounts
transferred to
Toderal Old-Age
Bet
Total
Other
and SurvlTorB receipts expenditure)
receipts Insurance Trust
?und i/

GroB9 receipts

360
57"

iS
65
56

95
3

5.16"*

2
2

1.716
1*.823

Socdi
Includes recoveries of tJ. S- InTestsients in capital funds.
recoTerles totaled %^ millions In the fiscal year 191*0; $319 "Hllons In the fiscal year I9UI; $18 nilllons In the fiscal year 19^2;
and $10 mlllloni In the fiscal year 191*3.
Becalpts from reductions In capital «toc>: and paid-in surplus available to be reissued under existing lav are Included ae negative
items under expenditures.
3uch reductions totaled $l6o million*
for general expenditures and $135 millions for revolving funds during the fiscal year igUl
Includes deposits by the Var and Kavy Departments and the U. 9. Karitlme Commission as a result of renegotiation of war contracts.
On
the basis of warrants Issued, such aaaouitt totaled $35^ llllont.

2/

10/

11/

Table 2,- Analysis of Receipts from Internal Revenue-^/
(In ollllonB of dollars)

Income and profits taxes

fiscal year
or month

Withheld ty
employers ( Current
Tax Payment
Act of 19U3)

Employment taxee
Social security tajtea J/

2/

518
1,099

818
1.099

1*27

l.'>27

'*.597
5.67't

163

2.163

61*0

2.6i*0

189
125

2.159
2.125

>70

3.1*70

191*2

5,161
5,303
7.362
12.993

19'*3

22,

19311

2.6'*!

1935
1936
1937
1938
1939

3.278
3.513

19I10

19U1

1'*'*

Federal Insurance Federal UnemployTnent
Contributions Act
Tax Act
(Old-age
(Unemployment
Insurance]
Insurance)

Other

7.960

7.960

16.09I1

16,091*

253
755
7U0
833
925
1.186
1.U9S

19I*

Carriers' Taxing
Act of 1937
(Railroad
retirement

Miscellaneoue A^lcultural
Internal
adjustment
revenue
taxes

1.1*70

353

1,657
2,010
2.181
2.279
2,212

521
77

691
596

58
90
101
108
98
120

1.130

158

37
237

99

7

3

U2

365
352
37"

51"
530
601*

lU

150
109
121
137
170
209

2,3''5

2,967
3,81*7

'',553

February
March. ..

1.075

306
380

306
380

3''3

5.15I'

''.732

1*.732

1*8

3

April
May
June

1.396
1.581
U,211

1.000

1,000

3

3

3't6

9'io

50
282

"3

91*0

265

12

3. 803

3. 803

55

3

3

6
U9

359
353

1.236
1,016
091

1*8

w*
287

3
s

1

310
50

15

3

1

'*6

512
729
3Wt

19'*3-Js^uary.

.

.

721*

Jhly
August
September

1,515
2.602
5.160

1.255

19

56I*

51*8

765

671

October.
November.
December.

I.6I3
2,115

1.303

5,1*8'*

5.01*0

557
1.010
713

2,155

1.727

571*

.

.

.

19Wt-january
Source:
•

1/
2/

.

.

l.''59

It,

1

U2

3

271*

10

'*.327

U6
292
58

1*

1

53

363
386

1.153

U9

31*

ll*

1

Ul2

71*6

UU9

Daily Yreaeuzy Statements.
Less tkm $500,000.
for further details, see chapter on Internal Revenue Statistics.
Includes unjust enrichment tax and victory tax collections pursuant
to Bersnne Act of 19U2.

'jj

i(6U

For the period prior to Septeaber 1939* the dAta in the columns entitled Federal Insurance Contributions Act and Federal Unemployment
Tax Act represent colleotione under Titles Till and IZ. respectively, of the Social Security Act.

..
.

Treasury Bulletin
Budgetary Receipts and Expenditures

-

(Continued!

Table 3.- Analysis of General Expenditures
(In alllloni of dollari)

Direct and voric relief

T«t«ruit'
AdaiolstratloQ

fiical jear
or Bontb

1/

2/

Public
Vorki
2/

U

Aid to
a^rlcultur*
U/

2/

Social
Securltj
pro^raa
2/

5/

Work Projecte
Adalniatratton
aad fiatlooal Touth
idBlnietretloD
6/

federal fcergeacy Relief

MalnittratloD
and CiTll Vorke

ClTlllaa
ConeerTatlon
Corp*

Interest
on the
public
debt

Other
departaeotal

Other
general
expeudItxiree

2/

AdDlnUtratlea
1/

U29
930
966
988
866

l93'»

••.908

5.900
5.935
6.U37
5.8eu

507
557
578
581
582

51*9

1935
1936
1937
193«--l<!?9

7.221
7.055
6.215
5.986
5.595

557
557
553
555
572

900
890
715
669
5U5

391

It

Ul

t

1.9

127

3«

2U
19
16

35
22
Ul

101
85
58

60
37

11
8

15

3

^
n

66
65

U

71

59
53
33

IW
igui
19l»2

19U3

March

iol

U7
U«
U9

April

U39
328
gU6

U8
Us

19ll3.Jaouar7.

Tebmary

.

.

•tay

June

1>8

UU

July

Au^st

365
583

52

October.
HoTenber.
December.

U38
30U

50

I9W1- January..

boo

.

.

.

Septcttber.

.

y

5/

679
685
8O3
670

5W

1.5'

1.006 10/
1.091
1.052

111

i»9

51

"3

87
67
55

52

37

86

1.26U
1.896
1.U72

29
18U

335

2.2UO
1.572
I.37U
970
299

3'»7

392
^57
515
5l4

513
831
U95
-1
U

332
U36
U86
386
326

i
1

290
283
163
18

757
821
7U9

313
36U
U2U

509
283
258
223
200

517
5U6

191

866
926
9UI
i.oui
1,111
1.260
1,808

5U
262

525
5UU
590

227
216
220
197

U3
U5
50

18
10

17

89
Us
609

59

UU

16
lU
27

68
U6
311

U2
77
55

15
19
16

57
Ul
25

U97

56
55
61

1?
15
10

59

87

58

lU

Dally TreaEury Statements.
LeBs than $500,000.
R^Tlped.
Includes public works undertaken by the Veterans' IdmlnlstratlOD.
Does not Include expenditures for (1) revolving funds or (2) transfers to trust accounts, etc.
These are shown in Table 5*
Includes public buildings, public highways (iRcludlng forest roads
and trails), river and harbor work and flood control, Tennessee Valley Authority. Federal Public Houeing Authority (formerly U. S.
Housing Authority), reclanatlon projects and the Public Works Adnlnletration.
Excludes certain expenditures for public works in connection with war activities by the Federal Vorke Agency, beginning
July iqui.
Cororrlses Agricultural Conservation and Adjustment AdDlnlstratioD
(classified in the Cblly Treaeury Statement under "War Food AdminIstrPtion, Other" conrnencing October 19^3)- Agricultural Marketing
Adolnletration, Commodity Credit Corporation, Farm Credit Administration, Federal Farm Mortgage Corporation, Federal land banke. Farm
Security Adainistr&tion, Fara Tenant Act. Rural Zlectrlflcatlon Adalnlstration, and Department of Agriculture departmental expendttures.
Includes railroad retirement and railroad uneoployaent activities
and excludes expenditures made by Office for Smergency Management.

1
1

6/

Jj
8/

2/

10/

21

70

War Manpower Comr.iseion (U. S. Ikirployment Service) under authority
of Social Security Act.
For further details, see tables which follow on the Social Security program.
Work Projects Administration was formerly Works Proieress AdoinisBeginning with July 19^^. expenditures for the Katlonal
tratlon.
Touth Administration are shown in Tabls U.
Includes expenditures of the Reconstruction finance Corporation for
relief through loans and grants to States, municipalities, etc.
Excl\idee expenditures for the U. S. Maritime Commission, departmental expenditures under the Social Security program and the Department of Agriculture departmental expenditures.
Office of Education, and
Inclxides expenditures for the following:
Public Health Service of the Federal Sec-irlty Agency; refunds of
taxes and duties by the Treasury Department; Post Office Department
postal deficiencies: Federal Housing Administration; Treasury Departmpnt investments in Federal savings and loan associations; certain expenditures of the Panama Canal; and capital stock of the
Federal Deposit Insurance Corroration, Ho?e Owners' Loan Corporation, Federal home loan banke, and Disaster Loan Corporation.
Gross expenditures have been reduced $l60 millions representing the
repayment of capital funds by certain United States Oovernment
agenclee.
For further details see "Treasury Bulletin" for June
19'*3. page 9. footnote 12/.

February 1944
tniogetary Receipts and Exporidituros - (Continued)

Table 4.- Analysis of Expenditure for War Activities
(la alllleBi of doUara)

Miacallaaeoat war aotlrltiaB

Hbc&I yoar
or month

Total

War
DopartBent

Depart
nsnt

1

1

U4

UU

1.27U
2,002
2.053

620
528
705

7.1*69

3.727
3.857
3.U2U

2.102
2,251
2,980

I.1U5
98U
1,065

6.U32
7.232
6.952

3.808
4.219
'.036

i.sgg
2.037
1.909

726
976
1,007

12

ISO
239

.

6.989

.

7. Sill

U,ll+2
't.173

6.718

3.8»H

1.955
2.13U
2,050

892
1.235
827

7.138

lt,'l70

2,082

886

7.092

.

July
.

September.
October.
November
December.

I9IA- January.

Other
var
to

acti-ntlM

China

axpandltnr«t 1/

2/

673

".053
3.239
3.985

6,97"*

Var
Shipping
Atolalftr&tloa

-12
-6

20,888

iprll.
Ma7...
Jtm«

TMted
Treaanry
States
Meirltive
BepartCoanliflloa
aent

-23.

U2,?65

6,7'tl*

HoQslnx Service
Agency (adtnlaiatratlTe)
i/

-10

310
3.362
8.955

5.9^7
5.770

Vfttloaal Selective

-10
-21
-12
-6

892
313

19U3-January..
rohrnary.
March

T«deral Tedaral
SecTsrlty Worka
Agency

297
U36
529
557
596

,580

19^3-

.

ttira

ll»,070

igits.

.

'•32

lanaoos
var aotlTltlOB

A^lcal-

U90
667
3.678

1,206
1.657
6,301
26,011
72,109

193919U0.
igUi.

Au^ujit

ttlse«l-

Depart
m«at

2U3
273
383
378

531
689
900
929
1.029

1935.
1936.
1937.
1938.

Total

VaTT*

99

519
1.201

99
51
92?
2.776

132
1.105

95
79
103

331
223
285

77
68
103

59
98

2tl8

69

92

5

120
lo6
117

315

116

51
86

5
5
5

95
118
llU

319
361
366

105
119
130

85
81
69

5

2911
It02

lUg
216

35S

16I1

66
91
82

308

153

87

62
111
153

18
12

17

lA

3

IS

17

•

39
55

51U
382
318

21
11

61

6

77

5

U

70

8
X6
11

72
68
50

3

696

2.0U

176

2l»

%

l"t

18

it,

297

33

6O8

52

5
5

39

5

100
111
108

U2

U

125

5

6

^

Source:
Dally Treaeury Statements.
?or monthly figures commencing Jtily 19^. see "Treasury BulleBack rigures:
tin" for May I9U3. pa^e 7.
•
Lees than $500, CXX).
Includes war public housing functions.
1/
Includes emergency ship construction, beginning March 19^1.
2/

200
UO

108
382
795
18

*3

Similar Itema for periods prior to fiscal year I9UI are classified
under Other departmental and Other general expenditures In Table 3Includes war expenditures of Commerce. Justice. Interior, and State
DepartmentB; Civil Service Commission'; Executive Office of the
president (including Office for Emergency Management): Panama Canal;
capital stock of Smaller War Plants Corporation; and Defense Aid
Special Tund.

Table 5.- Analysis of Expenditures for (1) Revolving Funds and

(2)

Transfers to Trust Accounts, Etc.

(In ftillionfl of dollars)

Revolving
Fiscal year
or aonth

Transfers to

(net) \J

fttnda

Aid to

a^lcoltare

Fablls
works

Total

Veterans
Adalaletratlon

Social
Security
prograc

U96

3'*6

19351936.
1937.
1938.

3t5

lUl
-33
-IS
-13

1939.
IjUl.
19»«.

92
5^
-136
IS

19113.

iK)

1

11

20U
121

191*0.

19'*3-Jennary.

February
March

7

1U9
20t
22:
131

-8
-6
-159 1/

10:

7

1

(U.

77
76

50
50

1.820
6O8
225

.773

557
llt6

107
121

187

10

132

1

lltS

Ui

"•35

30

221

-1
-1
8

35

1

2
1

2

2:

16
lU
10

16

38

3

lU

1
1

2

10

July

u

3I4I4

1

15
2

u

September

-1
5
-2

October.
RoTember
December

-7
-g
-8

36

3

2

U
2

19U1*- January

1/

.

.

.

-6

2
-5

Uetrlct of
Colunbla
share)

6/

(0. S.

3.

Ul
^1
Ti
75
87
93
103
107

18
91
126
71

35

1

161
12

177

2
3^

3^

37

Dally Treasury Statements.
Lees than $500,000.
Additional trensactione on Aid to agriculture end Pablio works are
shown in Table 3Taim Credit AdmlniBtration.
Public Vorks Administration.
Comprises Adjusted Service Certificate Fund and the National Servlc
Life Insurance Pund, administered by the Veterans' Administration.

Federal
contribution to

1

April.
May...
JQae.

Au^st ....

funds
share)

Aid to
agriculture

21
21

232
331
381

59

accounts, etc.

Government
enployeee
retirement

^

!t/

1931*.

tmst

5/

'i

Includes railroad retirement and railroad unemployment activities.
Tor further explanations see tables which follow on Social Security progrem.
Agricultural Marketing Administration (surplus commodity stanpe).
OrosB expenditures have been reduced $155 nllllona representing
the repajTnent of coital funds by certain United States Oovemment
agencies.
For details see footnotes to Table 1.

Treasurij Bulletin

10

Budgetary Receipts and Expenditures

-

(Continued)

Table 6.- Totals by Months, Beginning wltb 1935
(la mllllosa of dollsra)

ipr.

at
1935.
1936.
1937.

1938.
1939.
I9'i0.

I9l»z.

19^3.

13m.

»3

KV
^dcatary raealpta 1/

Jul/

*»«•

Sapt.

February 1944

11

BUDGETARY RECEIPTS AND EXPENDITURES
1939

1940

1941

1942

1944

1943

DOLLARS
Billions

DOLLARS
Billions

Net Budgetary Receipts

J Monf/}
Moving Average

rdrrtiilirl
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
II

.

..

Treasury Balletiti

12

Trunt Account, Etc. Receipts and Expenditures
Table 1.- Trust Funds
illloQS of doll»ri)

(In

or Doath

Total
truat ftmdi.
net recalpta ()
or net aipeadltnraa (-)

Taderal Old-i^a aod
SurTlrom locurasca
Truat Fund

Baealpta

UnaaployaoDt
Truat ^md

X^oadl-

Baealpta

turaa

IS}""-

•A

»9J5193*.
1937.

»3U

19

1<>38.

*11

1939-

29
37

19I1O.

19'>1.

:^
19^319l»3-j«aa»T7

*^

.

March

-afio

267

1
3

10

530
580
717

:i

1,190

*'?
+236
-272

35
235

April.

Ht-

2

267
IlOl

763

529
577
707
931
1.185

838

1

-287

262
gb

lU
371

«9a

4I10

Ul

1

Aogtiat ....

275

270

2gU

Ik

Septeobor.

-265

-2«9

1

289

.

Jaljr

Octo^vr.

.

om^ar

.

ZtBcaabsr .

l^Uli-juBurj.

1.2UU
1.399

Uo
262
3^

27'(

Ul

-279

Job*.

959
l.lll*

52

2l»

«zio
-262

25S
-292

39
271
3

15
15
295

50

28

32

k

3
e
-8

February 1944

13

Means of Financing Cash Requirements
(In

lllloM

of

dollan)

iBout required to be financed

or aonth

Total
aaouit
required
to be
financed

Bet

bod^eto^

let
Increaae
In Oeneral

daflelt

i/

Meane of flnanoias

Set
expendltnree
In tmet
aeeonnti,
Inorenent
en geld,

Total
asonat
flaaaead

Increaee
In
public
debt

Bat
deereaae
in Oeneral
Tond
balance

etc. 2/

H.Sie
3.209
5.390

193U.
19351936.
1937.
193«-

u.iei

3.6U
igUi.
191*2.

5.99''
23.1*61

19U3.

6U.27U

I9lt3-Jamiar7..

ISbruazy.
March

April.
May...
June.

July
in^utt,
September.
.

.

October.
BoTember
December.

igltU-Jamary.
Source;
1/

3.5*2
3.611
5.103
19.598
55.897

5.719
5.286
2.696

5.5*

1''.390

5.952
5.955
3.758

6,o6U
3.96U

622

7'tO

128
338

U,l61*

3.275
2.528

9U7

890
136

3.611
7U2

148
3.506
1,861

»8
6,515

5.16U

135
122

2.1'i7

51*9

5. Tito
't.896
l"*.29l

.896
2,087

6,6q7

5.'«6

8.U38
70

206

1.716

''.837

It.

5.?9lt

23.1*61
6U.27I*

23,1*61

5.719
5.286
2,696

2.899

1U.390

ll*,3l*2

6,o6>*

6,o61*

3.96U

78l»

3,180

U,82S

912
2,231

g

.271*

2,951*
1,1*83

635

5.71*0

896

2.531*

11.79'*

l'».291

lU.291

1.139

132

6.697

I*.

2/

1*8

2,383

6.697
1,112
-281

''.338
2.661*

lU

'*.837

1*,781

55

5.7'>0

823

2.819
2.331
1.213

667

5.7''0

2.383

71*1

5.078

1*10

5.105

Bally Treasury Statements.
Sxcludee amounts for public debt retirement which are chargeable to the sinking fond, etc.. under special proTlsionfi of
lav.

1,38»

H.51'*
1,6I*«
2,61*6

3.1''?
1.3811

,

101
821
312
37U
306

H.616
3.209
5.390

1.720

Bet
receipts
In tmat
account*
IncreBOE^
on gi 1,
etc. 2/

131

290

ComprlBes trust accounts, checking accounts of Ooreraicent
a^ncies, etc., Increment on gold, seigniorage on silver, and
mlBcellaneouB funds and accounts.
Increment on gold excludes
expenditures for national bank note retirements.

.

.

U

.
.

28

.

Treasury Bulletin

Ik

Social Security Progrram

Section I.- Budgetary Receipts and Expenditures
Table !•- Social Security Act
(la

illloni of dollart)
Baeelpt*
Groia racvlpta
Last aaount* credltsd to
TsderaJ Old-i^ and
StuTlTOrt Inturaaoe
Truit ?and

Social Saexirlty tazea
or Bonth

Fador*! Unoaployvont
Tax Act
(UneapIoTBent Inaaruica)

Tvdorftl Inrnwrmnet

CoDtrlbutloos Act
(01d-«^ loouraneo)

Bat
receipts

^

2/
19)6
I9jr
19)8
19)9

252.2
60U.U
631.2
712.2
7S8.2
1,015.6
1,288.9

igito

19IH
i9'»a

19^)

19U3-j(mn«i7..

19^.)

57.8
90.1
100.9
107.5
97.7
119.9
158. »

5li».!i

5)0. U

60U.7
690.6
895.6
1.1)0.5

265.0

-12.8

387

217.11

503.0
5)7.7
661.)
868.9
1,103.0

128.2
17". 5

126.9
1U6.7

1859

13.6
99.0
3.2

)5.)

15. >•

23I4.9

100.9
5.1

Much

50.7
)35-8
6.1

April
May
Jtm*

'»6.7

U3.I1

).3

276.2
5.9

26U.6
2.8

U.7

U0.8
262.0

3.1

.2

5.7

U3.6

3.2
S.l
l.X

ltO.8

Sapteabar

U6.g
29^.7
U.l

6.0
10.9
).9

October.
HoTeaber.
Deceabar.

UU.6
SgU.i
U.g

27). 6

3.0
10.5
1.1

38.9
271.0

).7

1.1

5.7
13.1
).g

itg.i

))-8

ik.s

31.8

16.2

Julj

iu^st.

igWi-jaimarjr

...

.

.>T.l

2)6.7
2.9

286.6
3.0

"1.5

1.0

5.8
16.

283.8
.2

Ezpandl tttrea

Grants to Stataa

Public
Health
Sarrlca

Social Security Board
fiscal year
or aoath

JLdalals-

tratlTe
ezpeosea

Dneoploy01d-a«e Aid to
Aid to mant conassist- dependent
the
pa nsatlon
adBlnlsance
ohlldren blind
tratlon

y

Pnbllc
health
work

Office for

Dapartaant of Labor

ftaergenojr

Mana^eaent
Maternal Serrloes
Child
for
and child
welfare
health
crippled services
serTlcea children

War
Kanpover

Rafnnda
of
taxes

Ixoeas
of

expenditures ^'

Co^lsalon
(n.

3.

baployiDant

SerTlce)
28.

19)6.
19)7.
19)8.
193919UO.

lg2.7
)32.5

.6

UUq.U
50C.U
527.2

15.8
20.0
21.)
25.)
)1.5
)1.5
))•)

58.9
29.)

2.6
2.8

March

U3.li

April.

Mv...

61.6
39.0

June.

W-i
)8ll.2

19I11.

19U2.
19U3.

27.8
166.9
271.5
320.3
356.5
UI5.2
U69.6
1*91.1

19-7

2.0

12lt.g

II*.)

182.2
20g.8
227.6
260.1
299-1
316.9

25-5
31.0
U5.U
63.2

30.9

))

56.1
26.)
39.9

l6.lt

).0
2-9
).0

July
August.
Septenber.

59-9
52.6
)2.9

October.
VOTeabar
Deceabar

19U3- January..
Tebruar7.

.

19W»-Jaouary.
Source:

'^

i/

.

.

.

.

69.it

67.3

1.0
U.6
5.2

u
7.1

8.0
8.5

•

58.3
63.0
70.3
55.1

tl

.2

27.2

).2

1.7

58.)
35.8
l).l

38.6
25-)
9.6

8.2

2.8
2.5
2.9

56.8
U9.g
29.7

Ul.l
)2.8

7.1
6.5
2.8

1.2

56.9
U0.8
2U.1

2.9
2.2
2.8

53.7
38.3
21.0

)6.1
29.2

6.1

18.2

5.2
2.1

1.0
1.2

58.8

2.2

56.1

35.2

6.2

1.0
).l
3.8
).7

.6

.2

2.1
2.7
).o

1.0
l.U
1.5
1-5

It.g

ui.oi'
1.8

5-5

u.u

10.8

l6.ii

25)

2.U
7.8
8.9
8.0
9."
10.8

9

9.1
U1.9
58.9

10.7

6.5

).8

2.)

.6
.6
.2

.)

.5

.5
.1

\:l
1.6
.)
.1

20.7

).i
3.8
6.5

.2
.2
.2

)g.)

.2

55.7
24.8
10.7

1.0

1.7

2.1

5

.8

.)
.2

-3

1.1

.It

.8

.)

2.U
2.1
1.5

).6
7.0

2.2
1.1

.)
.7
.6

.1

1.0

.u

.2
.1

2.0

.5

.2

'.I

.It

9

9.7

2.2

.1

.9
•

5

.1

.5

l.l

Sallj Treasnry Statoaontt.
Ui* thaa t^O.OOO.
Foraorljr Titlo Till of the Social SocTirlty koX
Tbmorly Tltlo IX of th* Social Security Act. Inoladai affloonti equal
to appropriation! to Railroad ttaeaploTaeDt Insurance Adalnlttratlon
rand equlTalent to aaounti of taxes collected vlth reapaet to the
period froa Janoary 193^ to Jane 1939> Incloaive. froa eaployert subJeot to the Railroad UasBplo/aeDt Insurance Act (See Table 3 *>f Section I).
Prior to January 1, 19^*0, figures represent awmnts trensferred to
the Old-A^ Reserre Account.
Troa Janoary 1 to July 1, 19^ 'traDSfers" vere aade to the Tederal Old-A^ and SurvlTors Insormce Tmst
fund.
Subsequently receipts hare been deposited In the 0«neral Fund
of the Treasury and 'appropriated" directly to the federal Old-A^
and SurrlTora Insurancs Trust Pond.
Aisounts shovn as transfers reflect daductlona Bade for relBburaaaent to the Oenaral ?und account
to covar adalnlstratlra expanass. which are shown as azpendlturaa In

U/

5/
b/

.9

.u

.5
.1

2.6
3.5
2.8

28
195
115
215
209
322

.)
.)

•)
.3
.3
.3
.3
.)

5).
itl.7

29.0
51.)
27.7
20.lt

U2.6

Section II. Table 1.
Includes only expenditures froa appropriations oade specifically
for adalnlstratlTs expenses relating to the Social Security Act;
namely. Social Security Board, Department of Commerce, and Department of Labor; and admlnlstratlTe expenses relabursed to the (}eneral fund of the Treasury under Section ?01 (f) of the Social Security Act. as mended. Be^nnln« July 1. 19^0. Includaa also adalnlatratlra expanses under the Va^er-Peyser Act. Ixcludes admlnlstratlTe azpanaas payable froa other apiroprlatlons. principally for
the following a^noles:
Bureau of Internal Reranue of the Treasury
Departaent, sod Public Health Serrlca and Office of Iducatlon of
the federal Security A^ncy.
CoTarad by appropriations by Congress.
Second Deficiency Appropriation Act. fiscal rear 193«. approrad
June 25. 1938, carried an appropriation of $Uo,56l.886 for maldnc
refund to certain States of portions of federal enployers' tax for
1936 collaotad under the Social Security Act.

February 1944

15

Social Security Program

(Continued)

-

Section I.- Budgetary Receipts and Expenditures

-

(Continued)

Table 2.- Railroad Retirement Act
tin mllllone of dollars)
Receipts
?leeal year
or Bonth

1936
1937
193«
1939

Expenditures

Adalnletratlve
expensea

Carriers' Taxing
Act of 1937

i/
.3

19itO
191*1

191*2
19'*3

19'*3-Jaauary

.3

1-5

150.1
109.3
121.0
136.9
170.0
208.8

1U9.0
110.0
123-3
128.2
IU8.5
220.2

1.1
7.U

.

Peferuary

March.

.

.

April
Mo;...
June.

31*.

3.0

35 -i

.1*

.2

.2

.3

.3

161.0

Au^et ....

.2

.2
.2

Septembsr.

1*6.2

.3

.3

1.1

33-8

8.2
52.9

.2
.U

.2
.2

iglUt-jamiary.

Source;
•

1/

1.2

107.1
120.7

.7

2-3
-8.7
-21.6

121*. 1*

IU0.9
2lU.g

11 .U
33.1*

31*.

-6.9
-U1.3

.5
.U

.

2/

.3

.5

5

Excess of
expenditures

1.2
-1.1

IU6.I*

5.1*

1.1
15.0

October.
HOTenber.
Dscembsr.

Refunds
of
taxes

-3

\:l
2-9
2.6
3.8
7.6

1*1.5

ull

July

Transfere to
Railroad Retirement
Account (trust account)

32.1
-5.7

31*.

-1*8.3

159.8
-1U.8

160.7

-1*5.9

33.5

32.7
-8.0
-52.5

3'*-0

32.9

.1*

51*.

B&lly Treaaur? Statemeate.
Lsen than $50,000.
lacludea only expenditures from appropriations made epeolfloally for adalnlatratlTe expenees relating to the Ballroad

2/

Retirement Act.
Covered by appropriations fron the General fund of the Treaanry.

Table 3.- Railroad Unemployment Insurance Act^j'
(In millions of dollare)

Expenditures

Becelpts
Fiscal year
or month

1936.
1937.
1938.
1939.
1940.

U.9
6.8
8.5
10.3

191*1.
191*2.
191*3.

Administrative expenses
(Railroad Unemployment
Insurance Administration Fund) 2/

Railroad unemployment
Insurance contrlhutlone 2/

.

.

July
August
September,
.

.

October.
November
December

.

•

1/
2/

•5

•5

5.0

.1

3."*

r-5

U.i

6.0

-2.1
-2.1

6.1*

8.2

2-5
2.?

.1

.1

.1

.2
.2

.2
.2

-2.3

.1

2.5

.1

.2
.2

.2
.2

.2
.2

2.6

.3

.3

-2.3

.2
.1

11-9

.2
.2
.2

.2

11.7

11.8
-2.3

2.5

.2

.

.1

.2

.2

.1

.

.2

.2
.2

.2
.2

-2.5

.

2.7

I9UU- January
ce;

if

.5

April.
May...
iTune.

Excess of
expenditures

5.0
10.9

19l*3-Janaary.

Tehruary.
March.

Transfers to Railroad
Unemployment Insurance
Accoiint. Unemployment
Trust Fund H/

Daily Treasury Statements.
Less than $50,000.
Operated as Railroad Unemployment Insurance Administration
Fund.
Represents lOJt of contributions under the Railroad Unemployment Insurance Act; the remainlog 90^ is deposited in the
Railroad Unemployment Insurance Account, Unemployment Trust
Fund (See gectlon II, Table 3)- Excludes amounts appropriated
to Railroad Uhemployment Insurance Administration Fond equivalent to amounts of taxes collected with respect to the period
from January I936 to June 1939, inclusive, from employers subject to the Railroad Unemployment Insurance Act, as follows

-3

.1

•

3

Calendar year 1936 - $2.7. 1937 - *5-3.
(in millions):
1938 - $6.8, and for the first six months of the calendar
year 1939
$2.9, aggregating $17-7. These amounts are
Included in Table 1 under Federal Unemployment Tax Act
(unemployment insurance).
Includes only expenditures from appropriations made specifically for administrative expenses relating to the Railroad
Unemployment Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 19l*0)
Covered by appropriations by Congress.

i

3

Treasurij

16

Social Security Progrraa

-

Bulk

(Continued)

Section II.- StateMents of Trust Accounts

Fund^

Table 1.- Federal Old-Age and Survivors Insurance Trust
(CuBAlAtlTt froa tffnltatiem

iBtonot

1936
1937
193«
1939
l9»o
19kl

Total
r«o«lpto

19*3

267.3
782.7
1.199.6
1.792.1
2.536.2
3.502.8
•.720.7

19U3-|aTmMr..

5.369.7

Dicaabar..
19Wi-J«

5.375.''
5.»09-'t

19l»2

Soaroai
•

1/

tlou

V

Oeacrato

265.0
765.0
1.155.0
1.705.0
2,393.1
3.288.8
«,'tl9.3

5.067.6
5.071.3
5.105.1

I& kIIIIobs of dollart)

Xxpondltnroi

lt*eolpto

of flooal
/••r or MOmth
ftid

-

Totid

•xp«dl-

lanot-

for

2.3
17.7
U1.6
87.1

19.3
•7.S
138.6
275-6

IkVl
2li.l
301.5

U52.I1

302.0
30U.2

555.0
572.3

Dallj Troaaory Stataaaatl.
thaa t50,000.
lAclndaa trasaaetlooa affaotad aadar tha pradaoaaaor

U»

5.»
19.3
35-1
99.5
209.8
359.1

12.3
39.1
65.9
93.6

'

107.1
109.7
111.7

>i6o.6

2/

Old-A^

iBTaatla Oatioral
TobA

•ata

•zpo&ooa 2/

537. >t

30k.

Total

dalnlitratlT*

t«roa

rato

tbaxpaadad ^alaaoa

BalBtnrsaaat

01d-*«(
Iwsoflt

267.2
777.2
1.180.3
1.7^1.7
2,397.6
3.227.2
•.268.3

267.1
662.3
1.177.2
l,73«.l
2,380.6
3.201.6

832.3

••.

U. 820.5
U. 837.1

Xa dlaWrotaif

offlear'a
aceoaat

.1

.1

U3.0

1.9

.1

3.0

l>,236.8

6:i
5.2
7.0

10.1
20.k
2^.5

>.U98.9
U. 778.8
"t. 767.8

306.2
12.5
38.5

27.2
29.1
30.8

6.1

Eaaom loooant.
Oadar Saotloa 201 (f ) of tha SoeUl Saoto-lty lat
of 1939.

aMsdMsta

Table 2.- Railroad Retirement Act
(C^mlatlva froa or^aaliatloa - la allllona of dollara)
Bacalpta

bd

of ftaoal

jaar ar aoatta

fxpooditarat

Uao^^aadad balaaoa
Total
raoalpta

Appro prl at 1 ona
hj- CoBcraaa

Xataraat oa
larootaoata

Baaaflt
pajaaata

iBTaataaata

Xa Oaaaral
sroBd

1936
1937
1938
1939
19*0
19U1
19h2
19^3

>t6.6

•6.6
1*7.9

U6.6
1U6.5
26U.8

268.

19%3-IOTaabar
Dec «a bar
19Ult-Jaimar7.

Soar oat

It6.6

390.8
506.9
650.9
871.5

3811.9

1,13U.6
1.13^.7
1,13*.9

1,116.9
1.116.9

It.O

3.6
\-x

639.4

^.2
1.U6.9

79.«
I85.6
298.7

U.6

1*19.9
5>i6.1

17.3

676.6

17.7
17-9
18.0

7*3 .6
75S.6

k6.6
36.6

1)6.6
l»S.6

68.1
82.7
92.1
87.0
lOlt.8
19l».9

1102.3

391.5
380.3

Dally Traaaary Stataaanta.
Laai than 150,000.

Table 3.- Unemployment Trust Fund

la dlibmrala^
officar'o aaooaat

7».0
91.5
178.0

1.6
U.l

6.0
1.6
2.3
1.8
10.5
11.7
12.8

321.0
310.0
333.0

68.6
68.7
3^.7

12.7
12.7
12.6

66.2
67.2

.2

13-2
10.8

tin

February 1944

17

Cash Income and Outgo of the Treasury, by Major Classifications^

GENERAL

FUND

OF

-i«-

THE

TREASURY

February 1944

19

Assets of the General Fund of the Treasury
(In mllllonB of dollars)

ig'^u

1935
1936
1937
1938.

•

1939
igiio

19U1
\3h2
19''3

igltS- January

February
March

April
Hoy
June

Other
deposits
and
collection

1,863
827

I.85U
799
1.150
6U9
611

37
55
58
55
52

3.087
2,03«
2,812

1.191*

1.022

776
8O5
661
1.679
7.667

95
105
1U3
265
533

6.367
3.892

>51l

2.691*

550

1.01*5
1.01*1*

865

871*

251*

981*

1.021*

3.'*''3

897

lo.iug

911

603
1.038

8,200
5.895

857

1*65

872

't.758

871

623
e*3

13.112
13.152

883
897
911

1.215
G51
1.038

10.1*85

529

11.117
7.667

1*87

906
905
883

979
1.076
1.538

790
U.362
15.676

^%

900
908
926

1.095

17.280
12.770

12,878

9,91*2

563
569
601

12.873

937

1,098

10.311*

523

W9

July
August
September

18,73"

Oct oher

19,83s

November
December

15.1*92

Source:

Special deposits
account of sales
of Government
securities
(War Loan accoxints)

97
118
862
lUl
929

3.035
S.OlG
2.936
2.709
2.U19

10,

9,127
6,81*5

igUU-Jamary

Deposits in
Federal
Reserve Banks

Bullion, coin,
and currency

End of fiscal
year or month

509

533

6.

1.21*5
1.1*08

501
636

Dally Treasury Statements

Balance in the General Fund of the Treasury
(In millions of dollars)

Balance
End of fiscal
year or month

1931*.

Total
aseetl

Total
liabilities

3.033
2.016
2.936
2.709

19351936.
19371938.

2.1*19

1939.
191*0.

igui.
191*2.
19l>3-

19l*3-January

.

February
March

July
August
September.
.

.

October.
November
December

19l*U-juuary
Source:
ly

.

2,682
2.553
2,216

3.l*i'3

1*52

l,gl*l

Worltln^

balance
1.771
1.001
2.069
2.000
1,622
2. 160

IO.1U9

6U3

2,833
1.891
2.633
2.991
9,507

8.200
5.895

"•77

7,72>*

6.961

503
579

5.392

l*.630

'*.179

3.1*16

U95

12,617
12,687
9,507

11.851*
11.921*

13.112
13.152
10.1U9

June.

2.582

175
25U
156
203
21*8

'*.758

April
May...

General
fund

1*51

3.087
2.038
2.812

Analysis of balance in the General Fund 1/

in the

11*7

179

1*65
61*3

8.71*1*

on

ellwr

lUO
316
35G
1*1*6

536
585
605
619
619

811
700
297
198
IU7
11*2
11*3

lt3
1U3
ll*U

ll*U

619
619
619

lUU

8,71*1*

7.832
5.601
17.395

619
619
619

ll*J»

ll*,958

18,53'*
lit.196

lUl*

ll*l*

1*81

18,73''

576

8.595
G.36U
18,158

19,838

5tl

19.297

15,1*92

53|»

12,878

581*

12,291*

11.532

619
619
619

12.873

631*

12,239

11,1*76

619

Dally Treasury Statements.
In the fiscal years 1935 and I936. $91 millions and $55U millions, respectively, were transferred from Increment on gold
to the working balance for retirement of national bank notes.
In this statement, however, charges for retirement of national

Increment
on gold

619
619
619

9.127
6,8U5

532

1,163
1.885
2,229

Seigniorage

11*1*

11*1*

lUl*
ll*U

ll*l*
ll*l*

11*1*

ll*l*

bank notes are reflected directly against increment on gold
in the years during which the retirements were actually
made.
Inactive gold In the amount of $1,087 millions for
the fiscal year 1937 is considered as a part of the working
balance.

.

.

.

20

Trensiirii

Bulletin

Aiialysls of Change In Balance of General Fund of the Treasury
[in

lllloas of dollars - Vat laeroaa* or aat doer««ao

(-T]

Vorkloc balsncs
Total
oluoif* 1b

Ch«a^ dnrloc fiscal
jmmr or Bonth

193U.

O«aoral
TnnA
balanes

1.720

Total
vorkl&c
balaaoa

Osnoral
Public
and
Trust
dsbt
spaolal
aoooants
aoooants
2/
aooovnto \J

908

193919MO.
19Us.
19^3.

19U3-Jairaai7..

r*to«u7.

Mweh
April.
MBjr...

Jtmo.

Julj
Au^Caflt

.

.

.

-731*

61*

ll*0

811
-111

1/
71*61/
792 IJ

637
108
31"

176

-1*03

1*0

11

20I*

90

-99
-51

3.280 1/
2.528
S.W't

29
37

-338

-70
-377

6?2
-947
71W
35«
6.515

537
-997
722
3UU
6.515

-3,5^2
-3.611
-5.103
-19,598
-55.897

-2.819
-2.331
-1.213

-2.819
-2.331
-1.213

-5.161*
-2.11*7

2.951*

g.U3g
70
-3.180

70
-3,180

-5.952
-5.955
-3.758

iu,3i»a
6.061*

-912
-2.231
u,79'»

-1 105

u.ssg
2.53^
11*. 291

92
275

1.139

-5.1*26
-5.71*0

-1.716

6,697
1.112
-281

-lt.823

'*.781

11. 79^*

Octobor.
HoTeabor
Decembor

1.139
-^.338
-2.661*

-''.338
-2,661*

IjUt-jUmarj.

-55

-55

•

1/

3/

^
U/

5/
b/

2.

Dally Trsaaxiry Statenonts.
L«BB than $500,000.
This It the net bud^tary doflclt. Sxcludes amounts for public debt retlreaent which are chargeable to the slnklag fund,
etc., under special provisions of lair.
This represents the Increaae In the groBB public debt, except
as noted.
(See footnote jj .)
Includes Pederal Old-A^ and Survivors Ineurance Trust Tund.
Uneaployaent Trust ^nd. Railroad Retirement Account. Ooremment iaeuranoe and retirement funds and other trust funds.
ComprleeB Public Vorks Administration rerolving fund and apeolai deposits (net). Also Includes A^lcultural Markstln^ Administration coEunodlty food stamp traneactlonB.
Includes erpendltures for retirement of national bank notes.
In the flBcal years I935 and 1936. $91 millions and $55U millions vere transferred from increment on gold to the vorking

2

16
11

Wl

23,
si. 271*

2.899

896
2.087

•to.

21*

-la

-912
-2.231

gold 5/

C*nal«a.

3"
19

.067

8.1*38

V

OB

•llnr

5. ''75

gMo

3«pt««b«r.

c«:

y

Gh«cklac
•Aomuit.t of

U,5lU

-7696/

1935.
19361937.
193*.

^

KlsosllaBAOOS
and
aoooants

ftuids

l,Ug3

7gU

jJ

768
31*

2?

-217
-3.625

20

92

-2.191*

2U
222
-260

-186
-370
-300

16
51
-9

-17
-356
82

-1

U

-726
-lUS

2

-ll*6

52
210
-262

lU
16
22

-1*J7

50

101

-165

"9
266
-279

5/
1^

11*

balance for retirement of national bank notes.
In this statement, however, charges for retirement of national bank notes
are reflected directly against increment on gold. In the years
during which the retirements were actually made.
Inactive
gold in the amount of $1,087 mllllonB for the fiscal year 1937
is considered as a part of the working balance general and
special accounts for the purpose of this table.
Expenditures for the retirement of national bank notes from
Increment on gold for the fiscal years 1935 to 1939 (as shown
below) are not reflected herein, but are reflected under Increment on gold as follows:
1935 - $9^ millions, 1936 - $397
millions. 1937 - $99 millions. 1938 - $51 millions, and 1939 The increaeee In the pub$5 millions, total - %€M^ millions.
lic debt shown In the table "Means of ^nanclng Cash Bequirementfl" for the above fiscal years will not agree for the reason
stated above.

PUBLIC
OF

DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT

-21-

22

Treasury Bulletin

Sumnary of the Public Debt and Guaranteed Obligations of the United States Govemment-^
(IB

to4 of flaul
7««r or aoBth

IIUOM

Of dollari)

February 1944

23

Detailed statement of the Public Debt and Guaranteed Obligations of the United States Government

21^

Treasury Bulletin

February 1944

25

Composition of the Interest-Bearing Public Debt
Interaet-bearlii^ public debt outstanding
(In Billions of dollars)

Percent of interest-bearlnc public debt

Public issues

Znd of flical
year or month
Marketabl*

Honiara

kat-

n.;ia

26.1»gO

16,510

*5

IU.87I*

32.989
35.800
36.576

17.368

193".
19351936.
19371938.

20,131*
2?,0'»3

1939.

39,886

25,1*11*

19110.

''2,376
'*8,387

26,751

71.968
135.380

38.281
57.716

27.

igiji.
igits.
191*3.
19''

62
1,261
1 188
1.556

2.151
3,166

30.1*11

10,1*96
21,701*

110, 02U

1*9.1*69

February,
March.

112,851
nl»,2g7

1*9,1*69

17,1*35

1*9,1*69

18,276

April.
May...
June

128,61*3

675
135.380

55.397
58,171
57.716

19.673
20,932

July
August

11*0,238
11*2,721

57.716
57.716

22,1*91

SoptemlJer.

157.053

65,61*0

October.

163.589
161*, 781
l6U,508

68,085
68,136

1- January.
.

.

13'*.

.

tlovember

Deceober
IjUlu January
Source:

167,01*3

16,607

Markat•bla

SOtt-

mark»table

6.653
10,023
11,381
10,617

Public issues
Cert if
icatas
of

Special
issues

indabt•dnass
1,517

1,1*01*

2.053
2,35^
2,303

9. 11*7

1.151*

7,a'*3

1,308
1,302
1,603
2,508

6.383
5.698
6,689
9.168

3.015
7.1*95

Marketable

3.096
16,561

11,861*

Honnarkatable

396
633
626
1.558
2.676

100.0
100.0

3,770

100.0
100.0
100.0
100.0
100.0

63.7
63.1
62.8

1*5.

15.1

1*3.8

15.

1*3.3

i6.o

1*3.1

l*.775

6,120
7.885
10,871

Marketable

53.8
52.6
56.2
60.3

100.0
100.0

3-3

l-l
lU.6
16.0

15.1
11.8
9.3
6.8

9.5
11.3
12.6
11.0
8.0

i*.3

12.2

9.0
8.7
8.6

6.1
6.3
5.6

9.8
9.9
9.8

6.7
7.3
8.1

8.3
8.5
8.8

15.3
15.5
16.0

7.6
7.3
6.8

6.1
6.1
5.5

12.6
12.3
12.2

7.8
8.1
8.8

7.6
7.6
8.0

8.5
8.3

5 5

8.9
9.0

7.1*

5.6

11.8
12.3
13.5

8.3

8.2
8.3
7.5

5.6
5.6
5-2

lU.2
lU.o
13.9

8.0
7.9
7.9

7.3
7.5
7.7

5.6

13-7

7.8

7-7

7. ''23

8,232

9.172
9,565
io,ooi*

100.0
100.0
100.0

9.797
9.797
9.168

7.783
8,163

16,151*

10, ou*

16,561
16.561

ii,s6i*

9.795
10,198
10,871

100.0
100.0
100.0

11,875
11.875
11,596

7,678
7,703
8,351

16,561

11.1*56

23,176
25,060

11.907
11,717

100.0
100.0
100.0

Ul.S

16,
16.
16,

11,596
11,596
11.175

9,109
9,278
8,586

13,072

100.0
100.0
100.0

16.
16,

22,81*3

11,868
12,278
12.703

1*1.6
Ul.l*

.68,11*0

26,667
27.316
27.988

Ul.U

17.0

7.1
7-0
6.8

W

29.527

11.175

9.381*

22,81*3

13,101

12,873

100.0

llO.g

17.7

6.7

67. 9

12,1*60
12,81*6

a, 136

13,051*

23.199
23,103

13.06U
13.071*

1*1.2
1*0.

3-2

5.5

9,231*

17.1*97

6.1*

1*.2

10,71*1

U3.2
U2.6

5.7

3.1
3-3
3.5
8.8

11,161
11,161

10,853

1.5
2.3
1.9
t.3
7.3

18.2

7.125

7.1*95

5.3
7.U
7.1

Special
issues

S."*

6,71*9

21,701*

Bills

25.1
36.3
3^.5
29-7
25.0

.2

9,863
9,863
9.797

6.31*6

Oartifieatss
of
Indabtadnaes

3-8
3.3
".3

62.1*

100.

Honmarkatabls

5.'*

Daily Treasury Statements,

Guaranteed Obligations Held by the Treasury

1/

(In Billions of dollars)

CoBiaodlty

Knd of fiscal
year or Bonth

igs^!

1935
1936
1937
1938

Credit
Corporation

Federal
Farm Mort£a£e
Corporation

Pederal
Public Houaine
Authority

3.255
3.655
030
3.630
883

Home Owners'
Loan
Corporation

It.

,

1939
19U0

25
15

Beconatructlon
Finanoe
Corporation

Tennessee
Tallay
Authority

3.255
3.655
&.030
3.655
gfiU
2l»}

10
25

20

7

lUo

*?

20

191*1

loU
302

191*2

i*.079

1*00

271*

551

53>*

191*3

7.535

1.950

283

212

033

52
57
57
57

'5.598

263

280
283
283

386
323
298

57

5,820
6,lU2

650
750
850

1*,226

February.
March

1*,1*0S

57
57

April
Hay
June

6,152
6,357
7.535

750
700
1.950

283
283
283

276

1»,787

57

2l*3

5. 071*

212

5.033

57
57

July
August.
September

7.063
7.170
7.310

700
700
700

283
283
283

173
110
79

5.850
6,021
6,192

57
57
57

October.
November
December.

7.1*77

700
800
800

283
283
283

36

6,1*01

57

7.560
7.853

9

6,Uii
6,713

57
57

191*1*- January..

8,0l*5

900

6,806

57

191*3- Januai,.

.

Daily Treasury Statements.
Less than $500,000.

283
1/

U.65U

These securities are not included in preceding statements of guarenteed
obligations outstanding.

26

Treasury Bulletin

CkMiputed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations

of the United States Goyernment
(In BllllOBi of dollari)

I&d of flioal
j9mT or Bonth

February 1944

zj

Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States ^
As of January 31, 1944
(In Billion* of doll&Tf)

D«t«ll«d nnnnnl nsturltles
T««r
and

Dviorlptlott of

•ourlt/ Zj

niod-

Bontb

Itautt

IjUlt.

Feb..
!^b..
Mar..
Mar..
Apr..
Apr..
Apr.
May..
May..
May..
June.
Aa«..
Sept.
Sept.
Sept.
Oct..

>e..
leo..

Treaiury bllla
l-3/g)( FPEA not*
7/8*
l4

2/l/UU.,,,

Ctf. of Indebt.

Treaeury note

3-lA< ITMC bond

2/1/ltll....

3/l5/>t^....
i»/l/W».,,,

ETC note
3-l/U)l Treaeury bond
Ctf. of lidebt.
7/gi(
HOIC bond
3)8
nVC bond
}<
3/^ Treasury note
Ctf. of Indebt.
7/8*
Ctf. of Indebt.
7/8*
Treasury note
1*
3/^ Treaeury note
Ctf. of Indebt.
7/8*
7/s*
Ctf. of Indebt.
U*
Treasury bond

U/l5/¥t.,,.

Ctf.

1^

U/l5/ltiUi6.

5/1/HU....
^/l/lA-52.

8/l/W*...,
9/l/Wt...,
9/15/"*....
9/15/Wt,...
lO/l/W*....
12/1/Wt....
12/15/UU-5U.

Dec.

RFC note
X-B
RFC note
X-C
FFC note
s
1-1/5* CCC note
A
5/U*
Treaeury note
note
C
1-1/^* Treasury
M
1-1/2* HOLC bond
2-3/U* Treasury bond

2-1/2* Treasury bond
3/U*
Treasury note

1/1/U5....
1/1/1*5.,,.

1/1/U5,...

June.
Sept.
Sept.
Oct,,
Dec,

Conrerslon bond
Treasury note
3-5 /U* Treasury bond
Treasury bond
3*
5-1/8* Treasury bond
1-1/2* Treasury note

Dec

1.037

Treasury
5*
1-3/1** Treasury
2-1/2* Treasury
Treasury
2*

bond
bond
bond
bond

1*2,71*2

39.997

6,271

1*,302

6.123

3,779

U.lgO

5,391

6.1*23

i*,5U9

755
1.211*

9/15/'»5-'t7.

12/15/1*5...
12/15/1*5. ••.
•

5UI
531

1/1/U6,,..
3/15/1*6....
3/15/1*6-56.

U89
1.036
819

6/l5/''6-l»8,
6/15/1*6-1*9,

12/15/1*6,,.,

1.969

16
503

3,261
2,31*1*

13

755
l,2ll*

2,707

"'701'
3,1*21

Treasury bond

2.71*5

290
170
35

3.779

2-3/1** Treasury bond

Total.

3.5^

1*12

1/1/1*7....
CoDTaraion bond
3^
M 6/1/1*5-1*7,
1-1/2^ HOLC bond
9/15/1*5-1*7.
2-5 /U<£ Treasurj bond
A- 9/15/1*7....
1-1/2^ Treaeur7 note
- 10/15/1*7-52,
U_l/1+«J Treasury bond
- 12/15/1*7...,
Treasury bond
2*

2*

635
3.519

718
,606

Total.

igUS-Mar,
Mar..
June.
June.
Sept.

2.5'»5

U,122
283

3/15/'*5....
3/15/'*5..,-

Total

19l»7-Jan.

779
835

U.302

3*
1*

leauee plui
oallatole lesuee
claailfled by year
of final Batnrlty

UiS

2/15/'t5....

Total

19U6-Jan.
Mar..
Mar,,
June,
June.
See.,

Wied-Batnrlty

95

39.997

I*
1*
1*

nnal
atari t7

laauei plua
callable liauea
olaailfled tj rear
of flrat call

5.251
571
1.519
1,655

5/l5/liU-ii9.

6/15/W....

rirat
eall

nxad-saturlty

13,101
ui*
2,211
515

3/l5/W,-6U.

of Indebt.

7/a*

Total

19U5-Jan.
Jan.,
Jan.
Feb..
Mar..
Mar..
June,
Sept.
Deo,,

Callabl* Isfluaa
olaaalflad b7 year of:

Batxirlt7

Total annual aaturltlaa

759

759

1.115
1,223

3/15/1*5-50.
3/15/1*8-51.

1,036

6/15/1*6-1*5.

6/15/1*8....
9/15/1*8....
12/15/1*8-50.

1.969

3,062
1*51

571

3.513

2.910

(Continued on following page)

1,036

.

Treasury Bulletin

28

Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States -^
As of January 31, 1044 - (Continued)
(Ib Btlltsaa of 4all«ri)
I>«tBll«d •onuJLl aAturltl*!

T<ar

DvBortptlon of •acurltj 2/

ud
Booth

191.9-llajr..

Jon*.
Jaaa.
•apt.
Dae..
Oae..
Sac..

J*

TWO

i-l/lt
2*
If
3-l/«#
t-l/it
Si

Troaaurr
Iraaiurr
Traaiarr
traaaunr
TraaatuT
IraaauTT

bond
bond
bond
boad
bond
bond
bond

-

5A5A'*-lt9.
6/l5A6-'l9.

-

6A5A9-51.
9A;A9-;i.
12A?A9-52.
l?A5A9-53.
12A5A9-51.

-

-

St
at
2-l/2>
2#
at

Traa.arr
Iraaaury
Iraaaury
troaiury
traaaarj

bond
bond
bond
bond
bond

-

3A5A«-50.

-

3A5/50-52.

-

9A5Ao-52.
9A5AO-52.
12A5A«-50.

-

Sapt.
Sapt.
Sapt.

Dae.
Dae..

Dae.

2-3/14 treaaary
a*
TrfaaUTT
2-3A# Traaaury
Iraaiury
!t
IraaauTT
2)t
traaiorr
3#
2-1 A# fraaaorr
traaaorr
2#
traaaorr
Zt

bond
bond
boi^
bond
bond
bond
bond
bond
boal

-

-

-

-

19;2-MaT..
Nar..
May..
Jona.
Sapt.
Sapt.
Oct..
Dae..

k

-

Sapt.
Dae..
Dae..

traaaury
at
traaaury
2-l/2# traaaury
2-1/Vit Traaaury

»

1.627

Jona.
Jona.
Dae..

2-l/2> traaaury
2-3A# Traaaury
2-l/U«» Traaaury
W*
Traaaury

Juna.
Tuna.
Sapt.
Sac..

6/15/52-55.

1.501

bond
bond
bond
bond

5.628

9/15A0-52.

1,186

-

9/15/50-52.

'•.939

-

IOA5A7-52.

-

12/l5/'<9-52.

759
191

6/15/53-55.
9/15/51-53-

-

12/l5/i»9-53.

10,117

10.890

3/15/52-5''.

l,02l»

-

i/l^/pi-^.

1.627

-

6/15/5U-56.

9A5/51-55.

-

I2/15/5I-55.

725

10,890

1.037
681

6/15A2-55.

10.117

681

- 12/l5/Wt-5lt.

3/l5/55-GO.

2.52l»

.

7.586
1,786
1,118

-

-

5.628

T25

- 12/15/51-53-

-

11.996

1.963
779

725

2-7/rf traaaury bond
2-1 A* Treanury bond
Traaaury bond
2#
3)t
traaaury bond
Traaaury bond
?»
total

2.098

l,08l»

total

1955-llar.

1.292

3A5A2-5''.
i/lpAo-^l.
yi/VHJii.

-

1.687

1.223
l.Ol*

7.9*6
755
1,118
510

total

19;>«-Mar..

571
1,687

-

-

i.es"*

'».939

2.52U

bond
bond
bond
bond

6,682

1.65>«

1.115

9A5/51-55.
9A5/3l-55.
l2A5/^l-53.

total

19S3~Jaiia.

riaal
atari t7

1.963
1.186

11.996

2-1/31 traaaary bond
Traniurj bond
2*
HOM bond
Jli
2-1/^ Iraaiurr bond
2-1/2* traaaorr bond
Troainry bond
2*
lul/U> traaioTT bond
5-l/g^ Iroa.ury bond

rind-oatorltj
rixod-aatorltr
itaaot plos
laoaot plat
callabla liiaM
callatlo linM
elaatlflod hj 7«ar ela«tlfl»d hr 7«ar
of floal aatarltr
of flrit call

«35
819

6A5/51-5'».
9A5/lt9-51.

total

of!

i.oik
1,292
X91
1,786
2,09«

3A5A«-51.
6A5A9-51.

IzASOl-SJ.
12A5A9-51.

j—T

I

rint

8,088

total

19;i.Nar..
Juaa.
Jona.

CallAbl* Itaus*

eluilflad b7

6.682

total

1950-Mar..
Mar..
Sapt.
Sapt.
Bac..

rind
•atari <7
liaoat

total animal aatarltlvt

3.687

681

3.687

2.611

J. '•91

2,611
1.501
725
755
510

6A5A3-55.

2,611

(Contlouad on following paga)

3.''91

February 1944

29

Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States-^
As of January 31, 1944 - (Continued)
(In millions of dollari)

Total annual maturltiee

Detailed annual maturltlae
Year
and

Deecriptloo of lecurlty 2j

month

3/15/U6-56.
3/15/56-58.

3-3 /U^ Treasury bond
2-1/2^ Treasury bond
2-l/U^ Treaaury bond
2-3/^/^ Treaaury bond

1956-Mar.
Mar..
June.
Sept.

?liedsatnrlty
Istues

Callable Itiaee
claeilfled by year of:
riret
call

rinal
mattirlty

Fixed -maturity
IteuoB plus
callable laauee
elaselfled by year
of flrit call

Tizad-maturlty
iBBUrea plua
callable isanes
claeslfled by year
of final maturity

lt89

i,irt9

6/l5/5i*-56.

'6gi'

982

9/15/56-59.

S.U51

Total

1.170

S.U31

1.170

919

l.Ul»9

1957.

2-1 /25t Treasury bond

1958-Mar..
June.

1,W»9

3/15/56-58.
6/15/58-65.

2-}lki Treasury bond

919
919

1959-Sept.

2-3 /^5f Treasury bond

-

9/15/56-59.

1960-Kar.

2-7 /g^ Treasury bond
2-3/'+$ Treasury bond

-

3/15/55-60.
12/15/60-65.

Dec.

-

982

2,611

l,Ug5
l.lt85

Pasaaa Canal bond -

6/I/61....

1961- June.

3i

19 62 -June.

2-1/2)1 Treasury bond

-

6/15/62-6?.

196 3 -June.

2-3/'*< Treasury bond

-

6/15/58-63.

Dec.

2-1/2* Treasury bond

- 12/15/63-68.

2-1/2)6 Treasury bond

3/I5/IA-6I..
6/15/6lt-69.

2-1/2* Treasury bond

12/15/6U-69.

3-1 /U* FTHC bond

Dec.

1965-Dec

2-3/'»* Treasury bond

.

-

1,1*85

2.611

50

50

2,118

2,118

919

2.831
919

2.831

919

7,600

95

95

3,762
3.838

7.600

Total.

2, 611

50

2,831

196U-Mar..
June.

1.1*9

95

1.1*85

1,1155

12/15/6O-65.

1966.

1967- June...
Sept...

2-1/2* Treasury bond
2-1/2* Treasury bond

6/15/62-67.
9/15/67-72.

2.118

2.716

2.716

1968-Dec

1969- June .
Dec

.

2,118

2-1/2* Treasury bond

12/15/63-68.

2,831

2-1/2* Treasury bond
2-1/2* Treasury bond

6/15/6U-69.
12/15/6'»-69.

3,762
3.838

2.716

2,831

7,600

7.600

2,716

2.716

1970.

1971.

1972-Sept.
Source:
1/
2/

2-1/2* Treasury bond

-

9/15/67-72.

Daily Treasury Statement, and reports to the Treasury.
Ixclnd.s postal saTlngs bonds and Fedaral Bousing Adnlnlstratlon debentures.
It should be noted that callable Issues appear twice in this
coluiin, once in the year of first call and a^in in the year
of final aaturity. Callable issues with respect to which a
definite notice of call has been made, however, are listed as
The abbreviations refei' to the following
fixed maturities.

corporations:
Home Owners* Loan Corporation, Reconstruction
Tinanee Corporation, Commodity Credit -Corporation, federal Tana
Mortgage Corporation, and Tederal Public Bousing Authority.

3C

Treasury Bulletin

Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness^
Since January I, 1940
(In

Data of

AOone»-

Bliaoat of lollari)

r

ebruary 1944

31

Offerings and Maturities of Treasury Bills
Table

K-

Description of Treasury Bill Offerings and Amount of Maturities
(Amounts la mllllonB of dollars)

Description of new laeue

Date of
Issue

19U3-Jan.

AjDOunt of

Amount of bide accepted

Maturity
date

thuD^er of
da^rs

to

maturity

Amount of
bide
tendered

Total
amount

Amount on
competitive
basis

Amount on
fl zed-price

basis 1/

Total bills
maturing
outstanding
Issue (as
(as of date
of date
shown in
shown in
first column)
first co^lumn)

Treasury Bulletin

32

Offerings and Maturities of Treasury Bills

-

(Continued)

Table 2.- Prices and Rates of Treasury Bill Offerings

Total
Data of
Itnia

Md>

aeetptad

CoapetltlT*
Rich

AT*ra<«
price
par Imndrad

EquiT&lant
aTara«*
rate 1/

Price
per
hundred

Mde

accepted

February 1944

33

Sales of United States Savings Bonds

Table 1«- Summary of Sales and RedeHptions, by Series
(In

llllons of dollars)
An&lysla of net change

FlBcal year
or month

Affloxmt

Het

outBtandine
end of
fiscal year
or month 1/

change
during
flBcal year
or month

Total
fnnde
recolTod

Adjust men
of sales
reported
to funds
rscelTod 2/

All B8rte«

1935
1936
1937
1938
1939
19HO
19U1

62.0
316.1
799.6
237.7
868.1
90U.7
31U.O

191*2

,188.2

+5,871*.

19^3

256.2

+ll,06g.0

21*6.1

1.196.3

067.5

821.1*

191*3- January.

.

Tebruary

.

+62.0
+251*.!

1*83.5
+J*38.0

+«30.5
+1,036.6
+1,1*09.3

March

,890.7

823.2

April

267.0

1.376.3

507.1*

1,21*0.1*

June

,256.2

+71*8.8

July

,030.2

771*. 1

Au^Bt

,693.5

September.

,1*78.1*

1,781*.

October

Mar

+663.3

.

,056.0

1,577.6

NoTember.

,697.0

+61*1.0

December.

,362.8

665.8

28.901.0

1,538.2

.

19l*l*-Jaimary...

1935
1936
1937
1938
1939

62.0
316.1
799.6
1.237.7
1,868.1

191*0

2,9*.

191*1

3,650.2

191*2

3,6ol*.2

191*3

3,608.0

191*3- January

.

.

February.

March
April
Hay
June
July

Au^st..

..

September.

October.

.

NOTember

.

December.
191*1*- January..,

3.623.3

Redemptlone

&ross Balee

y

Sales
reported
2/

Accrual
of
redemption
values

Original
purchase
price i/

Interest
accrued

..

...

U7

...,..

»

UU

U

Treasury Bulletin

3^

Sales of United States Savings Bonds

-

(Continued)
(Continued)

Table !•- Summary of Sales and Redemptions, by Series
(Xb

lUlou

of doXlsrt)

Anal7«lt of not

fiscal 7«*r
or Bonth

Aacnut
oatttuidlB^
•od of
fiscal joar
or aoDth 1/

Oroio

ehanc*
doxlnc
fiscal 7«ar
or Bonth

B«d«aptloiu
AocrvMl

id>iBtMnt
Total
ftudo
rooolTod

ohaa^

alas
Salao
roportod

of aalao
raportod
to ftuds
rocalTod 3/

of

«d*Bptlon

Orlclnkl
porehAAO
prloo J/

Total

2/

««rl» I
203.1
3.670.8

igus.

19b}.juiui7.
Mareh
Ajirll.
)i*f...

3. ''67.

203.1
3.526.3
8.271.3

90.7

203.1
3.5^1.3
8,180.5

1-5
33-1

60.0
688.6

60.0
688.0

A.k
7.7

811.7
629.2
712.7

5-2
2.8
2.7

U9.7
62.7
116.^

U9.6
62.7
116.5

1.030.6
967.8
668.8

J:?

8b..5

6.5

125.1

125.0

8.U

120.1
I3U.0
136.8

120.0
133-8
136-5

-15.0

U,286.6

7.615.8

T.693.7
8.267.U
8.873.9

770.5
573.7
606.5

8IU.9
633.6

9.796.0
10.709.0
11.28S.6

922.1
913.0
577.6
571.1
532.8
1.269.5
1.221.5
523.1
552-5
933-8

1.006.8
995.2
696.2

27.5
27.

682.9
661.2
l.UOO.Z

1U8.O

1.3'*0.1

-IIU.5

665.3
727.6

22.6
22.5
79.2

July
iafati..,.
SaptOBbor.

11.857.8
12.390.6
13.660.0

October.
HoTcstor
Oocevber.

.

1>1,881.6

.

15.'«''».7

19W^^«iia«r7.

203.1

15.957.2

16.891.0

720.

1,08U.6

-23.8

-26.1

709.0
657.7
1.252.2

3.5
)

1

87..7

^*
6.1

87.6
86.

I.U5U.6 r
6U2.7
705.1

6.U
7.5
11.2

125.1

186.2

12U.8
1U9.U
185.8

I.OO5.U p

12.7

163.6

163.2

2.9
17.0

2.9
17.0

1.6
1.7
1.8

1.6
1.7
1.8

l'*9.7

Sorlao f

66.6

«6.6

66.7

1*98.9

1132.3

it3U.9

1.2U2.3

7U3.U

757.9

929.8
976.6
1.015.8

75-8
lie. 8

March

^2.2

April.
May...
Juaa.

1.126.5
1.209.5
1.2U2.3

July
Aucuat
Saptaabar.

1.277.7
1.302.7

I9UI.
I9U2.
19^3.

-8.3
-2.0
+11.0

75-0
U37.0

.2

7"'6.9

2.5

77.1
U8.3
U3.9

1-5

75.6
50.9

.3

.2

'•3.7

107.7
83.1
32.8

109.5
85.9
35-1

-11-3

120.8

+.5

3U.6

37.6
28.1
139.0

2.0
1.3

35.6
26.8

.7
.k

-k.o

1I13.O

.U

2.8
3.5
2.7

93.1

3-1

90.0

.k

3.3

22.7
21.5

.7
.8

1,691.9

35."
2U.9
136.7
90.2
19.1
20.0
123.2

19U1.

}3k.c

3911.0

39". 6

-56.8

19I12.

2,032.1
2.759.5

U.I
9.U

19113- Jamory.

7abruju7.

October.
VoTaabar
Daoaabar

.

,

.

19UU-jaiiuary.

l.'t39.'*

1,529.6
1.5i»«-7

1.568.7

-2.6

.2
.2

1.8
2.8
2.8

lU.O

126.8

127.8 p

-•9 p

2.7

l:\
U.8

5/

Sarlaa

2.U111.3
2.U111.3

2.020.3

I9U3.

5.119.2

2.70li.9

I9U3- January..
Tabruary
March

l>.013.7

April.
May...
June.

.

.

.

October.
VoTeabar.
Daceaber

.

.

19"*- January.

•

1/

2/

3/

Cy

1711.8

'1.736.U

3't7.5
2115.6

6.029.2
6.128.9
6.220.5

137.2
160.8
105.0
378.
265.8
99.7
91.6

6.69U.9

J17U.l1

5.119.2

Aucuat
Sapteabar.

r

3W1.3
200.3

U, 982.0

July.,

Soorco:
p

ll.2lll.O

11.388.9

5.280.0
5.385.0
5.763.1*

U51.U
2.027.8
2.750.1

5

.5

11.8
5U.5

11.8

•

5l*.5

3U8.l1

2-5

205.3
180.0

-1.1
-1.2

206.U
181.2

U.2
5-0
5.2

U.2
5.0
5.2

353. »

-U0.3

253.9
luS.i

393.8
219.8
IU2.2

5.9
8.2
6.9

5-9
8.2
6.9

161.8
109.1
395.7

9.0

257.3
110.2
9U.2

9.1
9.7
9.8

9.7
9.«

12.6

12.6

169.2
112.U

3U.0
1.9
7.5
3-3

387.'*

-8.3

27U.9

17.6

109.
101. U

7.1

U86.9

-.8

-13.6 p

Dallj Troasur/ Statosontt and report* of grois laloo.
Prollaloary.
EoTlsod.
Lata thu $^0,000.
At etirreat rodoaptioo raluos exeopt Series 0. which Is stated at par.
Unclaailfled sales shown In the Ball/ Treasury Stateaent hare been
classified hjr series.
Series A-D data are shown only on a funds recelTed basis.
Series K
data are not available on a sales reported basis prior to Jnlj 19^1;
consequently data for the fiscal year 19UI are on a funds recelTed
baels.
Istlaated. except for Series 0.
Series A-D. the sale of which comenced In March 1933 *Ad contlnned
throng April I9UI. ere 10 year disconnt bonds which were sold at f^
of aaturlty Talus, yieldi&c 2.909( per annua If held to aaturlty; purchasei were Halted to $7.^00 issue price In any one calendar year
and froB April 1. I9U0, could be aade only by indlTlduals.
Series B.

500.6 p

and
haT* been on eale since May 1. 19^1. Series I is a
10 year discount bond sold at 7^% of maturity Talue. yleldlnc
2.90i per annxia If held to aaturlty: purchases are Halted to
$3i750 issue price in any one calendar year end aay be aade only
by IndiTlduals.
Series f Is a 1? year dlsoount bond sold at 7^
of aaturlty value, yleldloc 2.^}% per anma if held to aaturlty.
Series
is a 1? year current Incoae bond, sold at par. bearing
Interest at the rate of 2-l/2i per annua, redeemable at par on
aaturlty, or at stated prices leas then par before aatority.
Purchases of Series 7 and
In any one calendar year are Halted to
$100,000 issue frlce for the two series combined (130,000 in the
calendar year 19U1) and najr be aade by any InTostors other than
coaaerclal bank*.
7or further details concerning redesptlon
Talues and Investmant yields, see "Treasury irolletla" for Au^st
I9U3. pa«e U.
Hot yet aTallable.
r.

5/

\.l

February 1944

35

Sales of United States Savings Bonds - (Continued)
Table 2.- Sales Reported by Series, Classified by Denomination
Sales In allllonB of dollars at Issne price

PlBCal /flar
or Bonth

Total
all
deaoBlnations

19U1 1/
19U2

3,5'*1.3

19'*3

5. ISO.

203.1

October r
November,
December.

19^^ January

p.

19'»3

19l*3-January.

.

February.
March

April
May
June

July

Au^et.

.

.

September.

October.
NoTember .
December
.

.

19l*l*-January p.

19U1 1/

290.3

668. S

310.3
315.6
287.5

121.0
122.9
98.8

128.0

709.0
657.7
1,252.2

301. u
289.2
336.7

103.0
101.5

I3U.I
125.0

11511.6
l.">'

"tzg.o

188.6

61
6U2.7
705.1

292.7

lOlt.6

31s. 5

1,005.1*

317-9

19l*3-January.
February.

2.1
1.9
1.6

3.2

16.3

11*.

2.7
2.5

12.1*

10.1
9.5

5."

32.1*

''-7

23-2
11.0

2.8
2.9
1.5

Source;
p
r

p.

500.6

Heporta of grOGS sales,
Preliminary,
Bevlaed.

29.1*

13.0
16.3
16.1

25.0
19.1
19.3

ll*.2

18.1*

1*5.2

8.1
8.3

10.9
11.1

31.6

13.0

20.7

12.5

22 -B

1.2

2.8
6.3
5-3

18.

i*.3

21.5

U.l*

38.8
23.6
18.1

100.0
100.0
100.0

2.7
3-7
3-7

29.5
17.2
8-9

50.3
10.7

100.0
100.0
100.0

1*7-5

8.5
6.2
37.2

12.0
8.1
U6.1

100.0
100.0
100.0

6.2
l-S
1.6

29-7

IS.

2.2

11-7

ll.U
9.3

1*1*.

173."*

23.1*

7.6

"-5

3-3

18.0

17-8

86.2

100.0

5.2 12.2
50.6 112.7
80.6 187.2

90.7
576.0
800.2

262.1*

19-1
12.5
13.0

80.1
5t.l
55.2

52.5

186.

3I..I

100.3

32.6

71*.

126.7
79.1

82.3

11*2.2

1*1*. I*

U9.I*

30.1

65.1
U5.5

60.1

3t-7
22.8

U7.I*

.1*

U5.6

100.0
100.0
100.0

13.6
92.0
167.3

100,0
100.0
100.0

V.

19ltl»_ January

9-9
9-1
15.8

lU.2
12.5

2l*.3

6.1*

161.8
109.1
395-7

91*.

19.0

11.3

30.7
6.3

7.1*

257-3
110.2

18.

15.'*

26.9

lt.8

July
September.

l'*-5

i*i*.o

8.1*

90.0
22.7
21.5

12.2
9.S
5.0

October.
November
December

llt.g

1*2.5

38.1*

306.5

2.2
1-9
7-8

393-8
219.8
1U2.2

Au^et ....

ll*.8

1*3.0

20.9
21.5
19.1

223.5

April.
May...
June.

.

11.7
12.7

208.2 125-3

5.5

.

30.1
32.6

130.6

-3
-3

127.8

10.9
10.5

100.0
100.0
100.0

70.0
78.5

75-6
50.9

.2
.2
.6

12.1*

19.0
18.8

26s.

39.6

35-6
26.8

19.1*

363.5 206.5
123.0 52.1*
135-7 58.5

2l*.l

.1*

12.2
13.2
13.8

113.8

lU.2
123-7
205.7

.5
.6

33.3
1*0.7

100.0
100.0
100.0

2.1

3l*.6

20.0
18.1
12.2

100.7
82.2
272.0

27-1*

120.8
71.9

23-1
20.7

69.8
59.8
30l*.2 197-2

9

.3

20.1*

100.0
100.0
100.0

•

1*3-7

6.5
9-7
13-1

231.5
186.3
90.1

ll*2.1

30.

21.6
12.1

so.

524. U

885.0
1,157-7

$1,000

7.1
17.3
36.1

215.6 152.2
61*.

$500

100.0
100.0
100.0
100.0
100.0
100.0

131*. 7

$100

»50

116.7
115.3

208.

DenoBlnatlon
$25

ISU.I*

19.3

11*3.0

$10,000

157.2 100.5
119.3 68.5
133.8 75-0

206.U
181.2

March.

$5,000

1-3
3-9

1*51.1*

19'»3

$1,000

1*37-0
7i*6.9

2,027.8
2,750.1

191*2

$500

lU.U
1*1 .U
1*0.7
13.3
93.'*
613.1
31*2-8
S16.1* 61*1.6 1,127.1*
2,951.8 1,068.1* 1.695.2 997.6 1,'»€7.5

75-0

191*1 1/
191*2 2/

$100

83-1
98.2

1,030.6
967.8

August.
September

$50

99.1*

April...

July

$25

21*1.6

811.7
629.2
712.7

May
June ....

DenoDlnatl on

270.2

19U3-January
February
March..

Percentaj'e dlstrllratlon of salee

Total
all
denonlnatlona

3.2

.1*

2.3

.8

1*.0

1.0

1*.2

.7

3.1*

.7
.u

3.9
2.7

13-9
9.6

$5,000

$10,000

1*6.0

31.8
17-9
22.7
18.5
16.2

22.5
19.3
13.5

21.7

28.3
27.6

21*.

18.2
21.0

58.9
39.7

22.1*

1*1.0

19.6
19.8
21.8

^1.1*

"6-3
"1.5

5.6

26.7

26.8
32.2
31.9

21*.

1*1.6

6.6
6.3

23.9
25-6

32-5
31-0

6.2
7-2
5.t

32.1

33.8

33.3

23.8
23.0
26.0

33.0
37-1
35-2

21.0
21.0
21.0

3'*.i

31*.

30.1*

32.2

•9

1*.2

1.3

5.3

1.1*

5-2

6.8
7.8
7.5

3

1.6

2.6

lU.i

13.9

67.5

100.0
100.0
100.0

1.2
2-5
2.9

2.7
5.6
6.8

20.1
28 .U

17.9
19.9
19.1

U3.6
U2.1

100.0
100.0
100.0

2.1
2.6
3.1

5.5
6.1
7.2

23.2
26.2

15.2

5U.0

16.5
18.0

Us.

30.

100.0
100.0
100.0

li

7.7
9.8
8.5

32.2
36.0
3U.8

20.9
20.2
21.2

36.1
29.6
32.0

37-2
37.8
38-7

21.5
20.9
22.1

29-3
27.9
2U.7

•

3.5

29.1

27.5
29.7

58.1

Ul.3

17.7

lU.2
10.2
39.5

153.1

87.

97.7

100.0
100.0
100.0

'*.5

8.7
9.3
10.0

11*.

28.1*

100.5

11.2
9.3

1*1*.

50.5
21.1

37-2

100.0
100.0
?00.0

U.7

11.0
10.1
9.9

39-1
U0.5
39.5

19.6
19-1

18.

63.9
28.6
25.0

19.

2U.8
26.0
26.5

102.6

61*.

100.0

2-3

5-7

20.5

12.9

58.6

i».7
U.l*

11.3

28.

1*1.3

30.1*

293.
1/
2/

3.3
u.l

Sales of Series 2, F. and
bonds commenced May 1, 19Ul.
Sale of $25 denomination Series F bonds began in Janiiary I9U2.

.
.

Ireasury nulletin

36

Sales of United States Savings Bonds

(Continued)

-

Table 3.- Sales Reported by Series, Classified by States
FAJ^T

k

-

SERIES E

(In thou««iidt of dollRrt at lain* prlcae)

nwkl
19U8

Alabua

19U3

28.996

California
Colorado
CoBsactlc«t
Dolawara
Diot. of ColnaMa
riorlda

Oaorcla
Idaho
llllBOlt

Xndlaaa
Iowa
lanaaa

laatncky
Loulalana
MalD*

Ikr.

«pr.

12,U27
25,0ft

56.0U9
5,028

9.609
8,702

1,596
8,856
8,268

3.500
lO.IWO
13,000

3.155
17.113

7,670

7.53'^

l,7't9

l.>^97
'•3.125

l'^,900
>*,500

2,230
9.293

2.236
10,870

1.692

1,52'*

8,3l>^

11,)|01

8.0U7

,303

12,125
3.863
66.607

10.256

UU,662

8.233
2.266
53.559

21.560
18,288
9.017

17.885
12.U26
8,320

19.696
18.270
10,681

25.76U
23.975
16,650

23,801
17.815
13.827

17. '•72

13.22'»

10.130

8,169
3-339

13.697
'•.'•"•C

'1,005

z«o.59z

638.877
62,132
168,258

63. 819

51.828

6,U7g
17, 2W)

"•.995

56.51U
5,086

10,868

3't.827

21.82U
83,1U3

39.565

e9.>t9b

1,872
8,099
9.160

35.6U2
9,8Uo
2*2.055

git. 52''

10.308

27,8^5
575.056

2,6l«)

591.

5'«.882

87,607

123. 72"*

11.300
21,500

12,'Ut5

lt,U52

293
36,800

88, Moo

1,692
7,252
7,860

6,020

9>t.910

8,938
9,152

17.71*6

37,361

"•,U27

7.6ho
6,970
2,Ui6

3';.

61.392
U,136
12.105

,U96
,667
,126

52,76U

176,508
106.190

7,iai9

59,222

2l!«0U

213. 813

17,171
5.23*
8.817

82.735
7.517
17.866

7,697
2.U72

5.7'^3

3. '•38

62.606

6,191
2.233
3.609

7,728
2,U50
3. '•31

'•,113

62.525
U.911

l*.t73

12.9'tl

1.751
IA.265

U7,266

9.015
23. '•67

11.250
21.771

U0.U69

"•0,9l^0

39,600
1U,100
35.100

29.6^5
9.158
3'*. 336

12,095
3.153
15.536

12,0lJl

9,200
13,300
1,800

7.090
22.^15

2,0l*6

l.l'95

693

2,199
5,281
639

2,012
2U,31U
1.336

28,307

65.537
8.138
2,656

8U,6lU
6.968
2.170

'•'•.309

52,651*

6,608
9 283

7.672
9.286

Klfmaaota
MlailatlpFl
Mlaiourl

71.181
22,973
9U,g00

179.108
52.870
195,868

16.279
5.396
18.957

12,712
U,223
It, 333

13,UUg
U.129
15.715

3U,629
9.376
29,260

21.235
5.503
2U,831

11.595

12.222
3.252
15.139

10,057

Montana
lebraaka
Havada

17.710
26.0U5
U,3Uo

39. '•32

^,053
6.565
1,113

2.786
5,586
880

2,807
6,616
893

8,081
11.382
1.290

3.359
10.913
1,612

2,361
U,907
7l«

2,189
5.832

1,88'^

72.211
u,i466

11,760
160,538
6,978

25.787
303.807
17.28U

2.316
3O,0U7
l,7Ul

2,136
22.070
.1,552

2,3'«
27.6U7
1,370

2.612
32,038
2.569

2,806
36.902
2,036

1.978
25. 39'*

1.960
26,5U9
1.350

Vev Tork
Korth Carolina...
Sortb Dakota

587. 2U9

102, 72U

3».3''9

I3.3'i5
6,l^65

io.9>te

II.39U

82.583
9,OU9
2,156

11U,815

12.7U2
U.260

72.550
8,719

105,581

112,297

991.988
113,869

Ohio
Cklaboaa
Oregon

190,262

506. 36U

50.lt9U

3lt,U82

82.1U3

10,7'*2

39.38U
6,917

37.39U

107, 67U

10,550

7. '•99

Ul,202
6,U71
9,280

67,065
10,963
13.055

PennaylTanla
Bhode I aland

281,782
2U,293
18.782

626,051

59.059
5,020
5.122

U9,62>t

51.762

7'*.7'^3

3.019
It, 066

5.'i6U

South Carolina...

'•.U87

South Dakota
Tenneaaee
Tezaa

11.783
36.736
126,056

33.171
100,530
306,265

2.765
10,956
28,853

2, 1*52

7,833
23,00U

9.919
7,550
56.272

33, Jl"?
ll»,175

1U5,U59

3.716
1,527
15.756

Vaablngton
Veit Tlrglnla
Vlaconaln
vyoaln<

57.962

163. 92U

27.6Jt2

6U,583
172,650
17.313

Uaaka

2.959
315
15.837
1,726

7.397
U.33g
61,066

5.1'i7

5. '•22

U93

91

203

Unallocated
Total

3.18li

16,675

1,251

23.3l'6

783

U3.56U
6.385
9,239

72,900
15.600
15,600

85.682
18,575

51.730

50,266
3,760
&.536

92. "WO

6,200
8,800

102,520
8.16U
10,170

52.523
3.506

56,156
3.698

11^

"•,231

'•.217

2,231
7,689
25.653

1.713
7,821

2l^,8U8

22,33'*

9.200
16.600
65.200

7.212
21,1U9
59.78U

2,008
7,365
23.792

1.962
7.991
26,190

2,992
1,089
11,910

3.136
1,100
11,186

3.572
1,03U
12,126

5,500
2,000
17,600

8.57'^
2,8l^U

3.I9U
1,OUO
11,090

3,522
862
13.53"^

1U,319
5,090
12,986
1,107

15.782
5,37U
lU,8U7
l.l«8

15,U83

22.'«)0

5.1I9U

9,100
28,500
2,100

3.91"t

15.333
5.236
13,086
1,181

17.079
6.3O8
13.7"«
1.329

601

557
623
u.ooo
296

526

9'«
522
3.916

"*.862

'•,015

2.905
7.922
26,963

8,361
13.059
U5,901

3.136
11,00s
37.823

1,960
7.708

2,851
986
11,302

3,068
1,159
12,U93

U,69U
1,U9U
16, SOU

l».521

16,239
7.192
16.003
1,79&

12,lU5
5,220
13,305
1,326

l't.965

18,630
7.163
25.561
2,511

21 738

556
627

U3I
613
5,322
582
23

1,007
600

590
62U
3.673
37U
16

321
20

5. '•78

303
15

18

11.890
1.132

i|88

3.795
383
19

500
787
5.738

18,751
9,325

2lt,86lt

23.557
36,oUi
10.005
35.52U

5.671

5,633

811, 70U

629,206

7.6U9

3.167

712.666 1,030,582

13.563

17, '•'»9

32.907

967.762 668,769 709.012

(Continued on following pa^e)

2U.773

5U1

1*98

5.9'i^

u

37

3.223

63,62U

l,'i72

2gU

5'^6

lU

3,5'«1.323 8,180,538

l.'t65

U3,6U1
6.U39
9,983

6,073

18

l,761t

1.9'^7

5.555
6.677

1.293

5.018
"•9.899

3.523

10,091

'•.635

2,800
••0,300

3,571
16,519

158. '•07

1<0,6U8

7.151
19.657
2.392

2.211
23,2'i6

5,050

2,8ll«

3.500

15. '•73

,

5.728
576

8,060
7.351

135.100
18,200
8,300

63,682
9.5I8

1.850
16.333

112

7.015

1,273

80,838
8.166

2,977

3.2l»9
lit,

8,325

12,1*27

69.363
7.913
1.5'«

7U,108
8. 205
1,651

'•,076

7.269
3.595

17, '•27

37.538

Canal Zone
Bavall
Puerto Rico
Tlrgln Island
Other poasesalona

17, '•38'

52,616
96,003

39i2l

1.388

5.g5l^

16,200
35.600
75.100

9,186

l«),537

6.377

16,5011

8,332

10,923
2U,718

13,2'^1

21.585

2,672

7.elt7

12.911
30,7U5
55.513

77,665
7.066

18.793
10,570

2,87'>

69. '•73

Tlrglnla

35.666
33.051
21.U97

••,193

29.'»5'»

Tenont

9.051
1,979
50,733

12, '•23

12,8U7

Utah

8,666
1.6U3
U5,U79

.

15.000
18,800
5.500

9.202

53,Uoi

77.800

I8.8U9
6,296
8U,909

7,279
7.732
2,710

23.953

53.71M5

1.802
8,516
8,067

7.282

"•8,697

3, '•71

1.563
11,0U9
6.699

6,606
7,23U

8,782
19.836
38.13k

.

18 361

7,602

10,U72
29.8UU
U3,U19

.

56.999
5,121
11,662

7. '•35

280,091
U81,637

lew BaBpahlre.
Vev Jersey
Hew Mexico

11, '•29

3U,900
35.900
20.800

12,>I02

108, 60U

.

7.331
2.012
3.903

18. 653

"•9.009
.

2.092
3.675

Dae.

19.879
13.96U

12, '•SS
7.60I.

lUl.217
160.150

Hanrlaad
Kataacbutetta.
Klehigaa

loT.

15.600
5.100
9,800

75.703
9.101
15.8^3

7.207
2,100

Oct.

6.395
2,17«
3.5^7

ll»,570

2.77"»

76.661
69.558
35.310

S«pt.

J<ll7

•tay

11.106
3.760

8,778

27.8l»6

7.629

19>tb

13.522
3.976
7.729

91,272

ArlioOA
Arkaiiaaf

I9H3

yaar

"•,386

187

61

657,706 1,252,208 l.i*5l^.630 6»^2.702

705,073

221

February 1944

37

Sales of United States Savings Bonds

-

(Continued)

Table 3.- Sales Reported by Series, Classified Dy States
PART B

-

SERIES F AMD

COMBINED

(In thousande of dollarB at Iseue prices)
Tlflcal year

igUg

19"*

I9U3

\^l

Jan.

Telj.

Mar.

Apr.

Hay

Jane

July

Aug.

Sept.

Bov

Oct.

Jan.

P
32.007

3.1*51*

Arizona.

"•.232

8,1*21

I.2U6

Arlcansae

13.738

16,578

1,61*9

lU0,60£
18,302

-'2lt,ll*5

59.89"*

81.128

30,03U
3.079
9.371

13.099

Alatoana.

California.
Colorado.
Connecticut.
.

.

29,71*6

Delaware

U.910

met. of Columbia

23.2't7

Jlorlda

22,219

12,326
33,757
36,705

17.982
7.339
202, 0«1

37.831
8.031
272,112

3.968
1.278
39.675

Oeorgla.
Idaho
Illinois.

.

Pev Hampshire.
Hew Jersey
Hew Mexico. .
.

.

170

1,518

31*9

22l*

1,73'*

991*

952

1.961
327

16. 076

21.319

33.35^

23,581*

13,01*5

15,256

10,068

6.700
1.300
30,700

5,080

U,6l9
7,593
2.533

12.11*1*

6,819
6,610
3,607

1*,UB2
l*,327

6,129
5.031
2.290

3.379
3.360
1.076

il.700
13.800
7.100

26,l*it3

5.039
2,56U

1.690
2.970
1,261

7.769
9.710

2.880
2.533
592

1,91*1

1.330
950

7,900
9,600
2,100

2,1*70

1.099

3.626
16.357
11.792

2.612

8,038
25.797

5,1*08
It,

109

1,71*0

3.872

13,21*3

15.121*
7.1*52

69.692
21.812
81*. 266

8,726
2.555
9.297

5.353
1.231
5.72U

755
2,367
397

6,322

10.529
30,1*11*

3. 871*

2.31*9

l»,l*ltl

928

li*,'*03

2,857
12,310

118,761
7.025

1,1*00

5,300
5,800

7,001

ll*,132

9. 031*

.

1*10

1,01*1

798

97I*

11.090
93.399

.

1.063
1.595
2.792

2,928
11,663
6.361
i*.031

10,807
l*.995

1.761*

1,61*1

1.801*

2,71*9

3.11*3
2,1*19

1,785
1,032
2,638
7,Ug9
5.090

7.21*1*

1*,209

l'*.a7
19.255

17.772
7.73"*

3-.

1.591*

515
3.615

5.?00

5.1*80

13,1*00

,91*1

177
1,120
228

3.100
6,100
900

,11*7

1*33

2.1*3?

l,06l
15.316
999

71*7

'*75

779

900

10,1*92

6.551*

6,1*23

i*,si7

16, goo

309

1*2,816
2,1*67

38.317
3.167

9U1

1*16

866

865

216

Igl*

8,166
880

16,802

5.100
6,000

3. 261*

17,918
1.297

1*1*.

705
2.79^

21.728
2,213
2,209

15.71*3

17,123
800
1,359

10.335
1.362
696

1*6,300

23.lgl*

2,132

South Dakota.
Tennessee.
Texae

3,077
18,Ugl
5"*. 196

920
3,81?

567
2.716

1,11*6
1,1*20

607

,376

2,1*56
8,5il6

391*

39.11*0

2,l»6l

110,993

11.321*

7.81*2

,H56

21,676

9.533

5.172

2,770
6,133

Utah
formont
Tlrglnla.

5.019
5.8U2
2g.0lU

7.1*71*

836
1.303

637

1*18

1*1*8

6,1*98

3.671*

603
2.960

309

53.701

55^
2.875

653
709
5.263

61<1*

1*63

1,588
668
8,095

3t7

7,501*

1*9.753

6,002

3.891

7,139

6,11*4

2,923

17,905
86.336
6.010

2,1*1*7

1,1*02

2,01*7

11,009

1,367
8,996
1,117

i*,g63

71*7

6,608
323

11*3

lOl*

111

191

96
1.585
262

1*98

Unallocated
Total

l*,768

5,181

51*

332

772 3.'*96,973

1*21,501*

257,317

2, 1*61*,

Source:

p
r
•

Aeport of gross aalea.
Preliminary,
Revised.
Less than $500.

1,1*1*2

962

52,660
3,900
3.8O6

13.100
1.7I8
1.589

2,801*

1
28

l*,9l*9

10,21*0

10,528
1,231
1.555

3l*,300

2,689
3.791

21.712

26
507

1,026

8,1*1*6

3.S76
3. 805

30,1*21*

1*72

g.U32

1*1,291*

9.'*59

5.882

8.935
851
955

10,662
1.137
1,186

2g,06U

1.297
l,S*3
17.367
3,010

1*27

3.093
1.575

17.999
7.115
1.817

50i*

17.921*

61*5

2,1*00

31.758

736

16.735
1.693

511

297.1*30

Alaska
,
Canal Zone
Hawaii
^
Puerto Rico
Tlrgin Islan(fLS,
Other possestjions

1*8,351*

U9I*

21*3,285

3,690

3.797
20,986
923

1*¥*

PennsylTania,
Bhods Island.
South Carolinj

25,898
11.780

1*26

2,226

1,891

1*2.205

559
5.099
158

1,16s

3.211*

.

1.710
12.662
77U

1,200

25,120
3.176

Washington
West Tlrglnla.
Wleoonsln
Wyoming

299
92g
go

75.000
9,000

203,827
25.095
32,892

.

69

360

119,098
16,587
22,095

10,1*16

198

18,971
1.526

Ohio
Oklahoma.
Oregon.

. .

391
1.058

1*,202

,357

592

1.775

.

17,584

28.753
2.651

10.937

1,1*6*1

23.51*7
1».375

285

lt*t,65U

1.1*77

8O7

3.235
962
5.587
21*2

761

312

3.32"*

13,019
702
118
325
922
236

1.358
1,1*78

51.3

235

152
303
1.356

156
86
2,271
157

51

1.55"*

5li».6io

1.1*23

80,655
g.397
3.989
1*2.117
U.U7I*

2.1*50

2.105

1,031*

302

2,1*00

1.51*1
3.1*36

7.300
26,500

1.693
3.860
lO.lOU

51U
1,556
2,g50

1,900
500
11,100

651
1.191
3.119

1*09

3,11*0

520
1.925

2,297

3,151*
1,281*

2,291
698

11,000
3,300

6,017
l,63g

1.831
?85

5.U92
315

3,1*92

ll*,000

11,91*7

198

800

716

291

11*5

881
1,274

65

8U
1*1*

100
263
100

163

135
1.050

2,790

72
55
301

lUi
226
666

195
153
1.157

180

1*06

31

leu
122

U7I*

1

31*2

569
197

2U5

220

38

13

291.739

176.81*8

197.1*05

135. 908

2/

1.532

2,300

2/

15I*

2g0

300

1/

lOl*

1*,200

28

868

2.723

'*.053

5.327
816

10.233
1.07g

1

221*,

9. 391*

38.199
18. 602

51*6

28.1*66

7.515

1*,300

2.762
5.573
3.362

2.71*6

867

72.51*0
''.957

7.55I*

5.354
7.152

2.267

1*3.532
1*,221

627,986

It.

2,286
660
3.539

82.836
7.171
1.387

580,1*33
26,071*

lit,

10,1*70

81*5

1*35

1.555

82?
1.064
897

5.11*0

1.570
182

'*.'*53

2.352

,306
,399

U67

1*2.353

1.1*31

20.800

1*37

1.916
282
5.232

2,969

12,1*00

1*.268

5.255
5.791

3,ll*0

1,81*7

1*1*9

l,6ai*

1.615

16,91*5
7,61*6

U,79U

1*,290

2,588
3.935

U22
1.1*15

17.1*1*7

5.110

729

36,797
5,201
15,366

1,560
1.380

3.699
1.093

ll*.572

9.257
1.039
1.876

1.61*1

8,900

1.279

292-

5.123
1.005
3.923

311

ll*,l*00

'*.963

2,325

10.535

1.095
370
355

3.002
1.596

9.593

6,622

3.21*0

581
1,021
1,701

1,011
28,521*

1,91*0

7.599
1.351
7.225

1.177
7,118
667

l*,390

3.025

10.922
5.199

3.316
271

1,020
2,326
1*,222

l*.575

Jew Tork
North Oarolina.
North Dakota.
.

6,68U

2,083

3.W*6
3.315

Nevada.

91s
1.133
2.208

2.575

61I*

5.311*

Hfibraaka.

979
2,726

11,1*96

3.371*

l*lt,l*6l

Montana.

U.765

2,911*

816

'3.755

10,061
68.651

2l»,96l*

6,100
7,100

2.651*

21,651
16,570

65,oUo

1*0,200

1,1*88

't.707

2"»,5i6

1*9,069

16.099
977
U,018

8.196

3.1*85

6,973

Kentuclcy.
JiOulelana.

,

19.915

23.001

it,79l*

897

Minnesota.
Mississippi.
Missouri

12.196
1.632
3.996

32.1*78
1*.639

21*9

1,621*

11.001
8.783
3.222

999
106,363

Wt3

2,381*

31*.

511,252

3.607
772
1.398

903
2.721

79.52'*
71.1*32

171*.

1*,1*00

779

801

ll*,Ug6

1*0,093

6,700
1,800

51*2

1*U0

2,339

30,676

iWi.iM

7,038

?12
405

1.251

2,81*1

1*5,123

Maryland
M^3sachusetts
Michigan

17.616
1.626
6,219

2,21*8

666

1.539
532
1,082

1.396
90?
85^

3.1*55

.

20,2l»5

19.121

7.282
1.1*50
1*.127

1.083

Indiana.
Iowa.

Maine

1.592
512
708

3.681

Eansaa.

.

1.387
751
1,200

538.663

656
72U

l,g3'*

2,806
6,528

3.955

16, 01*2

2g7
273
2.957

2,1*33

311*

2.130
I.05I*
3.61I*

2,761
9,663

9,301
l*,335
21*.

99
70

1*1*

31*7.288

27

18

13

132.912

115.752

628,31*7

Unallocated amounts for prior months Included chiefly sales to the
armed forces. Beginning in September 19l*3 these sales are allocated
on a State basis.
Included in "Other possessions".

38

Trcnsurii

BuUctin

Participation In Payroll Savings Plans For War Savings Bonds-l'
Table 1.- Number of Firms and Number of Persons Participating In Payroll Savings Plans

February 1944

39

Sales of Treasury Savings Notes
Table !•- Suninary of Sales and Redeicptlons, by Series
(Far Tsloet - In aillloai of dollars)

BsdeBptlona and exctuu^t

Tlecal Tear
or Bonth

iaoont
OQtitandlne
end of
fieeal year
or Bonth

daring
fiscal 7»ar
or Botttb

BaoelTed
In payvant
of taxea

1/

01U.5

19112.

3.OIU.5

I9U3.

7.'*95.''

2 .>t80.9

1*.138.9

l,12l*.l*

1.103.7

8.758.5

U,277.6

l»,09«.l*

88.1
80.7
1.225.9

1.2ll*.l

1*82.2
1*68.1

196.0
101.8
1,135.6

176.6
97.0
1.119.8

1.11*7.9

6.7U8.S

-t-36lt.8

1*52.9

Tebmaxy.

7.12'».7

6.3U5.6

+375.9
-779-1

U56.6

March
April.
May...

7.782-5
8,162.9

+1,1*36.9
+380.1*

1.632.9

Jtine.

7.'»95.'t

-667.5

Jnly
Au^flt. .
Septambar.

7.677.9
7.76U.3

+182.5

8,876.1*

+1.112.1

uiu.o
213.5
2,260.0

Octobar.
Horembar.
Dacambar

9.132-9
9.301.9
8.599.3

+256.1*

1*60.7

+169.0
-702.6

330.2
U36.8

1.139.5

9,502.9

+903.7

1.216.1

312.5

19lt3-Janiiia7.

.

ISUlKTamuUT.

+86.1*

1*1*6.8

Series A }/

5U.8
266.7

I9U2.
19^3-

19ltJ-Jamar7..
February.
March

^ril.
May...
Jona.

July
Angiiat....

Saptambar

October
KoTembar.
December
.

19U4-jBiinary.

19112.

I9U3.

February.
March
April.
May...
Jona.

July
As«a8t ....
September.
October.
KoTeaber.
December.

19UWaimar7.

160.

231.5
127.1

201*.

161.

86.U
78.8

21U.1*

99.2
1.111.9
181.6
121.9
1.068.3
275

-l*

Badaened
for easb

Cxcfcangad

far
nav aarlaa

.

Treasurii Bulletin

»*0

Sales of Treasury Savings Notes^- (Continued)
Table I.- Sunnary of Sales and Redemptions, by Series

-

(Continued)

(Par Tmlm* - in millions of dollnrn)

Radaaptlona and arnhan^a

riionl jronr
or Bonth

laonnt
ontstandlnc
and of
ftaoAl J*T
or Bonth

Vat

ehna^

dorlDf
flacal 7a*r
or BOBtb

Salaa

3/
aarlaa

6.liA.0

19hJ.

U.075.2
fabroBTT.

lUroh

Hrll.
Hay...

Jona..

July
Anc^at ....

Saptaa^r.

Oetobar.
loToBbar.
Dacaabar.

19>tl»-ja>nai7.

9.233.0

«£.U£U.O

Baoalrad
In piTBani
of tazsi

j/

Badeeaad
for oaah

Kxchaafad
for
na» aarlaa

February 1944

(ii

Sales of Treasury Savings Notes

-

(Continued)

Table 2.- Sales of Series C Notes, Classified by Denoailnation^
_

.

riical 7»«r
or ffloath

.

.

... .

.

J
1

38

3

.

a9

Treasury Bulletin

^2

Sales of United States Savings Stamps

Table 1.- Sumary of Sales and Redenrptlons
(la Ihotuaodt at dollars}

nteal 7«ar
or Bonth

-

19^1 J/
tat.

I9UJ

igUj-Jaauary
Twiramrj
March
April.
Xar

6,087

9I.3

117. 57I

213.350

^.620

590.268 1/

5lA,6l>7

171.168

66.267
5^.667 2/
'19.630 2/

62,706
55.773
17.958

18.339
10,650

791 2/

13. 018

2/

100.0
100.0
100.0
100.0

87.1
87.1

12.e'5/
12.9 5/

Slt,UU8

8.258
7.131
7.309

100.0
100.0
100.0

86.8
86.7
81.8

13.2
13.3
15.2

5.517
5.737
9.711

100.0
100.0
100.0

86.7

12.8
13-3

81.

15.2

86.6

15.1
13.1

213.350

52.683

A.IOU

37,501
37.530
51.391

207.275

-6,075
-3.117
-2.705

30.770
29.313
28.600

36.8U5
32.130
31.306

31.371
27.127
27.098

5.171
5.O0I
1.207

100.0
100.0
100.0

35.1162
''3.585

38.973
35.091
12,937

32.771
28.5I3
33.896

6,202
6,518
9,0l0

100.0
100.0
100.0

81.1

203,0ft

-3.511
".'•73
+6U9

78.9

15.9
18.7
21.1

aoU,9o6

+1.8U2

37.151

35.610

30.027

5.582

100.0

81.

15-7

Octobar.
VoTsabar
Deceabar.

197,9'»2
202, U15

2/

l.T/l* 2/
-3.218

Caah

•arlDo

10.267

20l».15g

2/

»3.56l

-1.1061/
1.671 1/

xoJ&aB^vd for
Oaltad 9tatai
bond! 2/

18.1685/
70,1805/

I

6/ 2/

Total

ucow

201.1*53

1/

1^
I 127.918

Cuh

-ll.lt 21

Septaabar.

19»llt-januar7.

Xxehaac«d for
Otltod Statot
•ATlBfO
kOBdl 1/

308,621

Ao^tt ....

Soorca:

1/

•^.i'»3

,

July

Total

1/

»l6l.olt«

22U,7n

.

8al»>

ask

227 989

•

chaa^

durlac
flioal 7«*r
or aonth l/

zaU.goi
a2U.356
226,216

.

Jma.

Vet

166, 3lH

5.

19>>l-'>ttiw 19l«8.

Poroontaco dlitrlbutlon
of rodmiptlona

ladaaptltna

Aaoimt
otttatndlac
•nd of
flvflftl 7*ar
or Bonth 1/

11*.

39.565

Traaanry Stataaaata coaaanol&c loTaabar 1, I9I2; prior
tharato. Pott Offiea Dopartaant
Plgorai for parlodi prior to Soraabar 1. 19I2 ara sot atrlotly
coaparabla vlth •abaaqaaat data baoanaa of tha ihlft to a Sally
Traatary Stattaent baali.
Staapi lold prior to Ootobor 1. 19I2
vara known aa poatal aarln^i ataipa and vara obllgatlono of tha
Poatal SaTln^a Syataa but aubaaquantly baoana public dabt obllgatlona.
Eatlaatad on tha baala of aaaplea conductad by tha Foat Cfflca
Departaant
Salaa and radaaptlont ccaaiua with May 1, I9II whan tha apaelal
Ikallj

11.

81.

dafanaa aarlaa of rtaapa want on aala. Tha aaouat of tha old aarlaa of
poatal aarln^a ataapa outatandln^ on April 30. 19I1 vaa $150 thouaanda.
Satalla not aTallabla for May. Juna. and July 19II.
Includaa alnor aaounta which wora axchan^ad for poatal aarlnca oartlfleataa.
Thaaa a^gragated $123 thouaanda for tha period Au£uat 1. I9I1
throu^ Juna 30, 19I2 and t55 thouaanda for tha parlod July 1, I9I2
through October 31, 19I2.
Net of aalea lata radaaptlona.
See footnote 1/.
Doea not Include aaounta traneferred froa Poatal Sawing Syatea to tha
Traaaury to cower outatandlns at^pa.

Table 2.- Sales, ClasBlfled by Oenomlnatlon
Salaa In thouaanda of dollara

Tlacal year
or BODtb

19I1.
1912.
1913.

1913-January .
fabruary.
Maroh
.

Parcantace dlatrlbutlon of aalaa

DanoBl nation

Total
all
danoalnatloaa

10^

6,087
308.621
590.268

100
67. 166
126.327

2,691
167.709
313.691

1.012
28,6l1
52.508

66.267
51.667
19.630

15.993
12,771
12,290

31.209
28,51U
25.576

5.192
1.566
U.OOl

11,791

11,281

23,l9»
20,983
28,257

3.591
3.358

all

25^

50^

$5-00

daaoBlnatloaa

1,130
31.583
71.693

851
13.2SO
26',0l8

7.798
6.105
5.652

$1.00

16.6
9.3
8.9

18.6
10.2
12.2

II.O

53.1

21.1
23.1
21.8

51.6
52.2
51.5

7.3
8.3
8.1

11.8
11.7
11.1

1.7
1.1
1.2

25.2
21.2
20.0

51.7
52.1
53.6

8.0
8.1
9.1

11.1
11.1
12.9

li

6.6
21.9
21.1

11.2

3.075
2,112
2,110

100.0
100.0
100.0

6.8O3

1,665
1,129
2,151

100.0
100.0
100.0

1,125
1,190
3.382

2,110
1.550
1.192

100.0
100.0
100,0

17.7
18.1
23.0

51.3
52.5
52.6

100.0
100.0
100.0

25-7
26.1
25.8

19.3

7.2
7.6
7.3

10.2
11.2
11.5

'7.6

51.1
50.8

100.0

29.8

50.9

6.8

9.

3.

9.7*
10.531

July
An<uet ....
Sapteabar.

30.770
29.313
28.600

5.162
5.109
6,561

15.783
15.361
15.053

2,990
2,803
2,110

October.
loreabar
Oaceabar.

35.162
39.565
13.585

9,106
10,113
11.235

17.I9I
20,330
22,129

2,556
2,987
3.187

5.038

2,708
1.359
1,997

37.151

11.150

19.072

2,511

3.185

1,203

Dallj Traaaur/ Statoaanta ooaaanolnc
loTaabor 1, 19U2; prior tharoto Pott Office >part««nt:
(2) DlttrlbntlOD bj daaoalnatlona:
Baaad upon Poat Offlca
Sapartaaat data.

$5.00

100.0
100.0
100.0

52.68J

(1) Total aaltt;

»i.oo

25l«

10,0>»8

Soorco;

50^

10^

April.
May...
Juna.

I9UU. jBoary

Daaoal nation

Total

51.

11.

11.3
11.8

6.9
5.3

1.2

Vs

February 194-i

^i

Sales of United States Savings Stamps

-

(Continued)

Table 3.- Sales by States
(In thouaands of dollars)

Fiscal 7ear
19U2

83U.8
\.s^h.^

20,132.6
2,080.3

California
Colorado
Connecticut

7,707."*

215.1
1,765-8
2.970-7

>*,

39.726.1
'•,083.1
1"*.

375-6

Florida

71U.2
6,100.1
3.705.9

1,298.6
5.591.7
6,188.3

Qeorgla
Idaho
Illlnola

3.175.5
8>H.O
23,612.9

39.970.3

Indiana.

7,516-9
"t. 575.8
2.532.9

Delaware
Diet, of Columbia

towa.

.

.

5.621.2
i.'*05.5

li*,

176.it

9,010.3
5.576.8

Kentucky.
Louisiana.
Maine

3.036.2

5,1*27,6

3, 1128.

6, 111*.

1.725-5

3.619.1*

Maryland
Massachusetts.
Michigan

5.785-2

9.211.3
27,025.9
26.161.1

ll»,Ui3.6

13.721.6

Minnesota.
Mississippi.
Missouri

H. 037-7

Montana.
Nebraska.
Nevada.

1.030.7
2.371.8

.

.

.

I.5O8.8
7.326.U

.

May

1943

2.3't3-7

Alabsaa.
Arizona.
Arkansas

7.961.5
3,082.6

296.9

158-7
250.8

39U.9
190.2
271.9

2.963.3
357-8
1,089.8

3,3itit.8

3,1*86.1*

372-9
1,090.3

1,083.3

366.2
17U.9
266.8
3. 621*.

376-7
1.255.6

July

352-1
157-6
2U3.3

382.lt

371*. 6

310.

326-9
103 -7
189-6

150.0
126.2
2113.6

101.2
362.1
228.3

120.7
339-1
206.8

I6U.1
3I0.I
221.9

521.8
I38.8
315.2

U75.it

737-0
2,031.9
1.809.7

662.3

1.280.1
1,223.9

1,9110.1
1,722.11

597 7
1.700.8
1.510.2

1,816 6
1.687.5

2.o6g.i6

531-3
156.5
917.7

762.9
202.3
I.O83.J
113.

lt22.1

306.6

127.6
3,101.1

87.2
2,833.U

2,226.7

1.262.7
736 -U
517-7

1,150.6
675-5
502.7

1,222.3
720.6

1,213.2
858.5

1.038.3
6112.3

778.3
511.1

51*5-0

630.lt

1*11*.

288.

50U.6
551-7
328-9

1*36.1

1*63-9

511.3
300.7

562.9
309-8

1*80.0
598.lt

387-5
133.6
297.5

302.2
350.0
2llt.9

356-0
196.6

82l*.8

787-9

8lt0.2

2,lt06.2

763-7
1.975.5

2,297-1*

2,575-6

727-2
125.9

2.281.0

2.15lt.2

2,237.1

2,lt96.8

.931.9

558.6
1,613.0
1.393.3

I99.6
1,380.0
1,237-7

801.

718.
235.8
1.219.8

692.1

817.2

55l*.8

21*2.5

21t9.lt

1.353.1*

I03.7
1I0.2
786.1

507-0
156.1
772-3

II3.O
139.5

1,235.'*

185.1
1.030.6

156.1
379-0
52.6

161.0
375-6
57.6

170.0
395-3

125.0
312.2

78.8
23ll.lt

1*9.2

31.6

127.8
281.1
15.5

9I.3
211.3
35.6

126.6
1.I17.1

118.0
1.152.5
59.6

110.1
1,032.8
53.1

5,110.7
151.5
101.2

1,863.0
3U6.2

1.679-1
252.5

l,8ll6.8

28ll.lt

I162.7

2.821.9
292.1
122.5

2,609.3
251.9

1.281.1*

l,87lt.O

Ohio
Oklahoma.
Oregon

18.269.5
2.U89.1
2.739-3

32,91*9.1*

3.076-2

2,1*99.5

1*22.1*

2,882.0
388.2

2,922.0

lt,ltit2.0

2,850.9
390.2

1*58.6

5.323-1*

609.1

1*33-1

1*65.0

531.2

302.7
369.0

Pennsylvania.
Rhode Island.
South Carolina.

27.075-3
3,087.6
1,US8.2

U9.U68.2
5.172.3
2,207.8

U,586.6

South Dakota.
Tennessee.
Texas

832.2
2,952.8
11,520.8

1,51*6.1

p

926.1
597.1
338.1

1.033-7

521.1
310.6

1*58.6

125.9
3.593-9

7.835.9
U55.4

Source:

839. 7

11911.5

8.939-1*

Total.

913-8
578.8
365.1

1*79.3

138.9
3.203.7

5.793-1
631.8
126.5

Adjustment to
Dally Treasury
Statement

978.8
730.7
362.2

503.1
131.1
3.555-0

8,019.8
593-6
139.7

It,

020.

It.

51*.

625.6
167.5

U,566.3

286.

1*12.8

31*7-1

391.1*

1*39-2

198-5

190.5

202.0

217-9

139-7

137.1*

11*9.9

31.1*

103. U

3, 821*.

372
151.7

56.
6,61ilt.9

311.3
71.5

250.0

718.

1I3-9
1.507.7
80.2

179.1
1.776-1
108.1

7,170.1

6.117.2
1131.8

85.3

85-5

5.831.1
U16.8
93-8

6.1I18.8

186.
95-1

6.281.9
U85.2
138.2

1,521.1
223.3
292.9

2,271.3
325-9
36I.6

2.013.9
251-9
31I.8

1.930.7
272.9
30U.6

2,051.7
259-9
350-1

2,ltltb.2

2.3SI1.0

3.797-8 3,366.5
3I2.2
329-7
15I-I
177.6

3,115-7
267-0
132.2

3.250,3
310.6
II5.8

3.980.1
331-3

103-5
371-2
1.229.2

85-7
309.1
1,105.0

95-0
1.211.1

133.0
116.
1,311.1

155-9
98.0
593-2

136.1
88.7
6I5-5

I1I.I
68.0
705-2

I5I-8
83.0
191 -5

99-0
561.8

569.1
266.0
990.1
67.7

530.1
260.0
932.2
56.0

1*45.6

5I2.1
270.1
903-1
60.2

578.8
326.9
1,082.7
83.2

15.0
190.1
3I-I

16.1
208.1

9.6
177-8

11.

30.2

227.1
27-9

1.3

10.3

10.3

15-3
186.1
26.2
2.2

^5.711-3 +7.339.2

-1,329 3

28,600.5 35.162.1 39.56I-7 13.585-1

37,151-5

lll2.lt

250.7
115.7
82.6
265.0
1,027.8

1*62.3

1,916.1*

l,it¥l.7

1,113-6

283-3
116.1
737.0

lll5.2

105.5
82.9
373.0

128.0
82.7
629.2

108.

672.0
379-3

U5I-I
225-3
76I.8
70.0

359-6

11.1
10
28.7
1.2

9.7
68.0
27-6
1.0

7,315-1

2,'t'*9.7

8, 121*.
l*,0ll*.2

5.728.3
"93 -6

12.535.0
1.018.8

66.1
1,238-7
166.8

190.2
2.339-3
329-0

-7

12.5

15,906.6
308,621.3 590,267.5

6

2llt.0

107-5
SOll.l

222.7
108.8
671.6

905.1*

709.9
355-0
1.123.6

1,151.1*

735-5
368 -1*
1.199.9

1.0311.5

105.6

111.1*

70.1

UOS.8
181.5
657.5
53.9

2lt.O

30.5

21*9-3

253. U

15.6
212.3
32.8
1.5

9-1
112.1
28.5
1-3

380.9
1,15U.7
91.9
1I1.5

11.0
203.8

213-7
31.0
1-3

nit, 939.

66,267.1

3i*-3

37-1*

1.1*

1.8

+8.527.6

-<-ltOlt.8

5I*,

Bally TreaBury Statemente;
(1) Total ealea:
Poet Office Bepartment
Preliminary.

33-5

100.0
559.1
609.2
251.5

78.0
36I.3

186.

629.8
12.0

Sales

'bj

132.1*
31I1.8

37-9
171.

109-3
1151.37a.:

-6.622.5 -2,585.8 +20,2311.7 -1.916.1* +1,866.9 -12,033.6 -I.39I-6

667.1 1*9,629.8 1*11,791.5 I10.0I18.2 52,633.0 30,770.2 29,313.1
(2)

States;

-7

126.3
1.631.0
73.1

1,686.9

119.6
707 -S

765

2.011.8

156.6
1.578.6
S6.3

'*38-7

21*1*.

7U-9
301-2

1,650.6
77-1

1.702.1

2,1*36.2
1,31*0.0

113.9
136.3
2.693.

307-8
U6.9

516.1*

705 -S

113-1
906.6

362.3
152.9

113.I1

1,71*8.9

2711.8

183.

6I12.2

108.

117.0
273.7

5.685.8

155.6

531 -9
169-5
1,006.6

317 -9
103.8

2,991.0
311-5
1.031.7

29.2

20,11*1.6

1*51*.

202.1
1.097.3

862.3

213. U

102.2
309-5
1.177-9

69.

6lit.6

2ll8.U

97-9
259.0
37.0

101.1
359.6

lt.051.8

Alaska
Hawal 1
Puerto Rico
Other possessions

656.3
712.9
207-7

365-0

8,705.6
623.0
150.6

3.909.2

767-7
1.339-2
5I9.3

lt9lt.8

53.060.7 106,793.2
6,791.6
3.089-7
801.2
1.558.8

Washington
West Virginia
Wisconsin.
Wyoming

2,itoit.9

613.8

New York
North Carolina.
North Dakota.

963. U

317-2
85.1
2.173-0

582.3

170.1
1.760.3

.

371 -6
85-5
2.135-2

531.5

180.8
2,057.2
117.1

Utah
Vermont.
Virginia.

366.2
90.1
2,638.0

586-3

17U.2
2,001.2
105.5

.

259.it

58.7
1.760.3

2911.8

105.1*

.

327.2
6U.2
2.357.5

71-2

lt21.lt

175-6
1,850.3

.

336-7

87.1
3I8-5
393-3

85.2

1*89.7

203.0
2.071.5
131.2

.

80.2
26lt.9

132.3

1*53-2

2,276.5
23,206.8
1,252.8

.

93.7
288.0
395-0

101.8

1,150.8
13.313.7
720.3

.

110.6
368.2
190-5

1811.

98.3

New Hampshire.
New Jersey.
New Mexico.

.

57-6
268.3
338-9

1.819-9

51*.

.

67.8
293-1
I03.2

2,190.5
219-3
7I3-8

678.lt

.

2,297.1
216.0
8O9.6

2,312.7
216.5
788.8

531-1

.

2.578.9
239-1
906-6

2.675.0

571.1

2,658.1
331 -9
950.3

193."*

3,256.6
29U.9
1,013.3

381.1*

.

171.0

II17.2

ltll2.9

267-3

381.5
1I7.5
191 -6

i52.lt

113 -9

119.2

330.2

P

292.1
108.1

81.1
125.0

it

Jpji.

P

271.2
91.0

326.5

6it.9

Dec.

333-0
103-1
162.5

2I1O.3

115.1*

Not.
P

Sept.

288.2
93.9
198.6

1*98.5

ll*,223.5

1*,

Aug.

218.6
79-1
166.6

173.1*
I116.7

.

I9W1

19»*3

98.2

233-3
822-5
56.0

109.

100.8

321.

3II-9
111. 6

185.

191.7

12. It

2-3

OWNERSHIP

OF

GOVERNMENT

-1^1^-

SECURITIES

February 1944

^5

Sumnary Distribution by Classes af fielders of Interest-Bearing Securities Issi^d
by United States GovernaiBnt and Guaranteed by United States
(la

lad of fiooal
or aoath

fir

allllou of 4«ll«n)

1^

Treasury Bulletin

Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, Deceaber 31, 1043

The following tables present summary data from the Treasury survey, as of
Oeoember "il, 19'^3> °f t^« ownership of securities Issued or guaranteed by the
United States.
The large oomoerolal and sarlngs banks and Insurance oonpanlee
covered In the survey account for approximately 95 percent of the holdings of
United States Government and Qovernment-guaranteed saourltles held by all banJcs
and Insurance ooopanles In the United States.

Table I.- Analysis of Omership by Type of Security, by Call Classes,
and by Tax-Exempt Provisions
PART A -

FAJR

VALUES IM

MUUONS

OF DOLLAAS

Pkklle •rlntakl* lucrttt-baarlas Msnrltl*, 1/

B«ld t7 baak, and inMVimioa ooap«&l,t
corar«d Ib Traaaory avmj

Bald bj
tj.

e,7>«9

Totd
Cluilfleatlon

aotat
out-

•tudlBC

Total
7. SOU
Initl-

5^6

6.239

tutloiv.

I.

755 Inaormo* eeapanltt

kanki

Dial
biBka

510
•avlBCt
baaka

209

fira.

11 f«

invar ano*
eoapanl«i

i/

oaanaltr
and aarlD*
Ininranca
ooapaalai

S.

Gorarnaant
a^anclaa
and tmat
funda, and

Tadaral
Raiarra
Baaka 2J

Bald

tgr

all
othar
InTaatori

By typa of aacurlty
Sacurltlaa laanad bx Unltad Stataa

Traaaurr bill,
Cart if Icataa of ladabtadaaaa

'.728

'',716

12

72

68

3

6,788

l.*8*

12,910

12,68l«

ai£

36T

160

207

2.517

7,050

Traaaurjr aotaa

11.175

7.8fe

7,586

7.383

275

l'»7

128

731

2,58)

67.9W*

''7.159

33.769

28.099

5.671 13.3«9

11.715

1,67*

5.173

15.613

lU

lU

•

1

•

•

3*

1*7

39

285

31

52*

709

2,0**

15.767

27.586

196

U,020

2.786

2.50'»

2,>t65

119.250

75.898

61. 511

55.360

'•2,8)1

21.9'H

20.99''

20,61t7

3''8

<)k1

6e5

322

9.998

10.891

22,9'tO

17,007

15.332

l'',706

616

1.685

1,2*1

***

1.875

*,058

30,015

22.315

18.857

16.2'<8

2,590

3.''77

2,825

653

1,*82

6,218

10 to i; yaara

6,eui

''.306

2.n8

2.273

505

1.528

1,210

318

666

1,669

15 to 20 yaara

6,'I8U

'•,'•25

l.'lOl

623

778

3.02*1

2.836

188

573

l.*86

10,)17

5,88l»

2,171

856

1.3U

3,713

3.59*

119

1.170

3,262

22

20

12

12

119.250

75,898

61.511

55.360

6,151 l'),3li

12.3*2

2.0**

15.767

27,586

"•Tl

"•69

3*

267

1,355

Ouarantaad laauaa

j*/

total

By call claaaaa
Due or flrat becoBlnf eallabla
Wlthla 1 yaar
1 to 5
3 to 10

yaara
yaara

Ovar 20 yaara
fadaral Baualac Adalalatratlon dabantviroa

Total

III.

u.soo
13.277

Traaaury bonda

Othar boada

II.

13.072
22.8U3

6.19S 1U.3*(

12. S***

By tajt-ezanpt Ion proTlalooa

Wholly axaapt froa Fadaral Incoaa
ta»aa J/
Partially aiaapt froa Tadaral laeoaa
taiaa 6/

2,128

505

27,326

18.893

15. 50*

l't,>'96

1,05*

2.769

5.66)

89.796

56. '•99

"5.736

'W.395

808 3.5»9
5.3*1 10,76l»

2.5)5

Subjact to Tadaral laeoaa tazaa

9,80*

960

12.730

20.567

119,250

75.898

61,511

55.360

6,152 l'>.386

12,3*2

2,0**

15.767

27.586

Total

(Coatlaaad oa folloviac

pa^)

February 1944

^7

Sumnary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, December 31, 1943 - (Continued)
Table I.- Analysis of Ownership by Type of Security, by Call Classes,
and by Tax-Exemption Provisions - (Continued)
PART B

-

PERCENTAGE DISTRIBUTION BY CLASSES OF SECURITIES

T

Public marketable Interest-bearing securities l/

Held

ClaiBlflcatlon

By type of Becurlty
Securities Issued by United States
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds
Other bonds
Ouaranteed issues

|*/

Total
amount
outstanding

11.0
1^.2

9>

By call clases
Due or first becoming callable
Within 1 year
1

6.3
17.5
10.

3."

3.7

?5.9

5 to 10 years
10 to 1^ years
15 to 20 years

Over 30 years
Tederal Housing Adailnlstrfttlon debentures
Total
111. By tax-exenptlon previa lona

Wholly ejcenpt from Tederel Income taiea J/...
Partially exempt from federal Income taxes 6/
Subject to federal Income taxes

7.5*
lOBtltutlona

62.1

to S years

1.8
22.9
75.3

100.0

banks SDd Insurance companlet
covered In Treaaury auryej

6,7U9 Danka
Total

57.0

Total

V

755 Inauranco companlea

1^

Treasury Bulletin

Summary Data from Treasury Survey of Ornershlp of Securities
Issued or Guaranteed by the United States, December 31, 1943 - (Continued)
Table II.- Distribution of Ownership for Bach Issue Outstanding
PAHT A

-

PAH VALUES IN MILLIONS

February 1944

l^9

Sinimary Data from Treasury Survey of Ownership of Securities

Issued or Guaranteed by the United States, December 31, 1943
Table II.- Distribution of Ownership for Each Issue Outstanding
PART A - PAR VALUES

-

-

(Continued)

(Continued)

Treasury Bulletin

bo

Sunmary Data from Treasury Survey of Otmershlp of Securities
Issued or Guaranteed by the United States, Oeceaber 31, \943 - (Continued)
Table II.- Distribution of Onerehlp for Each Issue Outstanding
PART B

Ia,o«. claaaiflad by
tftx-axaaptlon proTlslon

-

PERCENTAaE DISTRIBUTION BY OROUFS OF INVESTORS

-

(Continued)

February 1944

51

Sumnary Data from Treasury Survey of Omershlp of Securities
Issued or Guaranteed by the United States, [)ecenber 31, 1943 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
PART B

laeue, classified by
tax-exemption provision

-

-

PERCENTAGE DISTRIBUTION BY aROUPS OF INVESTORS-! Continued)

(Continued)

PRICES

AND

YIELDS

OF

GOVERNMENT

SECURITIES

(Including securities issued by Federal agencies)

-52-

February 194-f

53

Over-the-Ck)unter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies

January 31

,

1944

Table I.- Securities Issued or Guar£mteed by the United States Government
PA.RT A -

TAXABLE BONDS, NOTES, AND CERTIFICATES

Price data
(Price decimals are
thirty- seconds

Amount
outstanding
(Millions)

Change
In
Bean
from

Deocrlptlon

Price range
since first traded 2/
(Price decimals are
thirty-seconds)

Tlcld data 1/

Yield
if

Dec. 31,

I9M3

Change
In
Matuyield
rity
from
yield
Eec.31
iqU3

Date

19ll3-J»U

price ran^e 2/
(Price decimals are
thirty-seconds)

of

Issue

High

Price

Date

High

Price

Date

Price

Date

Price

Date

Issued hy U. S. GoTernBient

$1,115
3,062
l.OlU
1.292
2,098
1.963

Treasury bonds
3/l5/"8-50
1-3/"* - 6/l5/"8
6/15/U9-51
2*
9/l5/"9-51
as
- l2/l5/"9-51
2<

H

7.986
510
1.02lt

2-1/2*

1.501

2-1/"*

1,*9

2-1/^

2,118
2,831
3.762

2-1/2*
2-1/2*
2-1/2*

3.838
2.716

2-1/2*

635

1.606
531
503
3.261
2,707

101.30
101.09
101.18
101.13-1 101.12
101.11 101.10

-.03

101.03
100.2"

1C1.05
100.26

101.19
6/15/52-55
3/15/56-58 It/ 103.05
6/15/62-67 1/ 100.08
12/15/63-68 17 100.00
6/l5/6"-69 5/ 100.00

101 21

103.07
100.10
100.01
100.01

100.09
100.00
100.00

l2/15/6"-69 5/ 100.00
9/15/67-72 "/ 100.10

100.01
100.12

100.00
100.11

100.00

100.00

.83*

.8"*

101.

101.31
101.10
101.19

1.51*
l."5
1.69
1.7"
1.76

.01*
.01
.01
.01

1.77
1.81
1.82

+.05
+ .0"
+.02
+.03

1.80
1.87
1.96
1.95
2.00

.03
.03
.01
.02
.02

1.85
1.90
1.97
1-97
2.09

101.20

.00

.00

103 .06

-.02
-.0"
-.0"
-.02

2.0"
2.20
2. "8
2.50
2.50

.01
.01
.01
.00

2.09
2.2"
2. "8
2.50
2.50

.00

2.50
2. "8

.00
.00

S

.00

.75

101.0"
100.25
100. 07^ 100. 08h 100.08
100.10 100.12 100.11
103.22 103.2" 103.23

3/15/52-5'*

2-l/«

m

101.09

3/15/50-52
9/15/50-52
9/15/51-53
12/15/51-55

2*
2*
2*

''.939

101.29
101.08
101.17

2*

Treasury notes
D - 9/15/""
3/l/"5 1/
.9(* D l-l/"«c- 3/l5/"5
3/"* B - l2/l5/"5
1*
A - 3/l5/"6
1-1/2* B - 12/l5/"6
l-l/2*A- 9/l5/"7
3/"*

99-31
.85*
100.13
99.22+
100.00
100.25
100.19+

.

.

100.1"
99.23+
100.02
100.26
100.20+

100.1"
99-23
100.01
100.26
100.20

2/

2/

.00
+ .01
.00
.00

-.01

-.02
-.01
.00

-.02
-.03

•90

.03
.02

99
1.21
1.32

.00
.01
.02

.86

1.67*

.00

3/l5/"l 10". 05
12/l/"2 101.12
l/l5/"2 101.20
5/l5/'»2 101.1"
7/l5/"2 101.12

10/l9/"2
"/l5/"3
9/15/"3
12/15/"1
3/3l/"l

101.06
101.00
100.09
101.16
106.16

2/25/U2 102.1"
6/2/"l 105. 08
5/5/"2 101.01
12/1 /"2 100.26
U/I5/U3 100.20

8/2/"l
8/l2/"3
1/5/""
1/6/""
7/l5/"3

100.22 2/25/"l 102.07
100.01 12/23/"2 101.12
100.06
8/5/"2 101.20
100.0" IO/6A2 101.1"
100.03
8/5/"2 101.12

7/l"A3 100.01
7/l"/"3 100.08
1/22/"" 100.03
I2/5A1 100.01
S/2/UI 101.0"

ll/2/"2 101.06
5/3/"3 101.00
11/SA3 100.09
12/5/"2 100.31

3/20AI 10". 18

7/19A3 100.16 2/lg/"2 102.1"
II/5AI 101.30 12/26/"l 10". 18
5/29A3 100.00 8/l7/"2 101.01
6/l/"3, 100.00 1/31/"" 100.26
6/2/U3 100.00 I/31A" 100.20

9/I5A3 100.06 lO/30/"3 100.00
lO/20/Ul 103.15 ll/5/"l 100.01

8/10A3 101.08
8/l2/"3 100.08
1/5/"" 100.20
1/6/"" 100.15
7/15A3 100.12

l/2/"3

lA/"3
"/l2/"3

"/7A3
"/1U/143

7/l"A3 100.09
7/l"A3 100.08

"/l"/"3
5/3/"3
1/22/lA 100.03 11/8/U3
100.04
11/U/U3
7/3/"3
7/17A3 103.19 l?/3l/"3

7/l9/"3 101.09
7/6/"3 103.06
5/29/"3 100.09
6/1A3 100.00
6/2/"3 100.00

l/2/"3
1/31/""
1/31/1*
1/31/""
1/31/""

I/31A" 100.06 IO/30A3 100.00

1/31/W*
1/31/""

l/2/"2 101.06

1/31/"1 100.21 9/10/in 99-11 12/10/"1
.8"* 1/31/""
2/1/""
.86* 1/2U/"1(
9/25/"2 100.20
7/7/"3 100.00 10/30A2
12/l8/"0 100.18
9/9/"l 98.28 IO/6A2
11 /I /"I 100.18 10/25 /"I
99.02 12/29 A2
6/5/"2 100.29 8/16A3 100.01
1/2A3
7/l2/"3 100.2" 1/13/"" 100.16 io/i"A3

7/6/"3 100.11

100.03

6/29/"3

99.21

I/2A3

.SU*

l/3l/"l*

.86*

l/2"/"it

7/7A3 100.0"
8/IIA3 98.31

1/2A3
1/2A3

100.20
99.29
100.03
100.29
100.2"

l/2/"3
99^03
8/16A3 100.01
1/2A3
1/13/"" 100.16 io/i"A3

1/10/""

Certificates of
Indebtedness 7/
.00*
2,211

5.251
1.655
2.5l»5

U.122
3.519
3.5IW

7/8*
7/8*
7/8*
7/8*
7/S*
7/8*
7/8*

A -

B C -

D I T a -

2/1/"" 8/

2/

"/l/U"
5/1/""
8/1/""
9/1/""
10/1/""

.5"*
.5"*
.73*
•

78*

.79*
.80*

12/l/"lt

.50*
.50*
.71*
.76*
.77*
-78*

2/

2/

52* -.02*

"/l5/"3

.52*

-.0"*

5/1 /"3

.7^
.77*
.78*

+ .02*
+ .0"*
+ .0"*

79*

+ .03*

8/2/"3
9/l5/"3
10/l5/"3
12/l/"3

Guaranteed by U.

$"12

C ommodity Credit Corp
1-1/8*0
2/15/"5

571

Reconstruction Finance
Corporation
W - lt/15/IA
1*

•

2/l/"3

S.

+52»!

per H
50*
5C*

(HlUloae)

1/21/1*

.82*

1/22A"

•50*
.70*
.73*
.7"*
.76*

1/8/""
1/22/""
1/10/""
1/8/""
1/10/""

.82*
.82*
5A/"3
.79* 10/15A3
.83* lo/l5/"3
.8"4 l0/l3/"3
.83* ll/22/"3

9/2/"l

99.25 12/27 Al 100-11

7/8A3

8/5/"l

99-25 12/27A1

7/1A3

.82*

1/25A3

l+52(!
I

71:*

1/22/""
1/S/"U
1/22/""

73*

1/ioA"

83* 10/15A3

1/8/""
1/10/""

.8"* 10/13A3
.83* ll/22/"3

.82*
.82*

5/"/"3
5/"/"3

79* 10/15A3

1/25/1*3

5AA3

Govemjnent 10/

.

100.06

100.03

100.0"

100.07

.91*

100.0"

.38

-.05*

."0

7/2l/"l

7/3A1 100.26

PART B - TAXABLE TREASURY BILLS
Amount
outstanding

.oc^

per M
.5t*

1/21A"

99-26

l/2/"3

1/3/""

Treasury Bulletin

5^

Over- the -Counter Closing Quotations on Public Marketable Securities Issued by the
United States Governnent and by Federal Agencies

January 31, 1044

-

(Continued)

Table I.- Securltlee Issued or Guaranteed by the United States Government
PART C - TAX-EXEMPT BONDS AND NOTES

AMoat

-

(Continued)

February 1944

5'5

Over-the-counter Closing Quotations on Public Marketable Securities Issued by the
United States Goveminent and by Federal Agencies
January 31, 1944 - (Continued)
Table II.

-

Securities Issued by Federal Agencies but not Guaranteed by the United States
PART A

Amount
outstanding

(HUlloas)

-

ISSUES IJUOTED ON A PRICE BASIS

Treasury Bulletin

56

YIELDS

OF TREASURY SECURITIES

Based on
ERCE^
2.60
f

2

40-

220
2

1

00
80

160
140

,20
1.00

BO

Mean

of Closin;^

Bid

JAN.

31.

and Asked Quotations

1944

February 1944

57

Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per Eumum)

Partial Ijr
tajc-exempt

Treaeury
bonds 1/

HighTaxable
grade
Treaeury
corporate
bonds 2/
bonds

HighPartially
Taxable
grade
tax-exempt
Treasury
corporate
Treasury
bonds 2/
bonds
bonds 1/

Partially
HtghTaxable
tax-exempt
grade
Treaeury
Treasury
corporate
bonds 2/
bonds 1/
bonds 2/

^

^

Monthly Serlee h/

Mar..

2.01
2.09
2.00

2.37
2.39
2.35

2.76
2.80
2.80

2.92
2.86
2.78

Apr..
May..
June

1.98
1-97
1.97

2.31*

2-35
2.33

2.77
2.76
2.75

2.16
2.21
2.65

2.76
2.79
3.29

July.
tag.
Sept

2.00
2.02
2.03

2.3U

2. 71*

2.31*

2.3U

2.73
2-73

Oct..
Hot.

2.60

3.1'*

2.33

2.72

2.1*6

.

2. 06

2.31*

2.71

Dec.

2.35

2.93
2.86

Oct..
Hot.

2.05

.

Sec.

2.09

2.36

2.72

3.09
3.2U
3.36

igUO-Jan..
Feb..
Mar..

2.30
2.32
2.25

2.81
2.79
2.77

Peb..
Mar..

2. 06
2. 06
2.08

2.32
2.32
2.33

2.70
2.68
2.70

1939^an..

2.1*7

Peb..
Mar.

2.W*

.

2.31*

2.96
2.90
2.87

2.66

3.22
3.19

Apr..
May..
June.

2.30
2.17
2.13

2.65
2.61
2. 60

3.18
3. 18
3.15

July.
Aug..
Sept.

2.62
2.53
2.51

3.lt
3.11
3.07

2.U7

1936-Jan.
I*b...
Mar. ..

3-32
3.26

Apr...
May..
June.

3. 21*

.

3. 21*

July..
taxg..

Sept

.

Oct

.

.

Hot...
Dec...

19l*2-Jan.
Peb.

.

.

19lt3-Jan.

1937 -Jan.
Peb...
Mar. ..

2.1*6

April.
May...
June.

2.80
2.76
2.76

3.'»3

Apr.
May..
June.

2.25
2.38
2.39

2.

3.36
3.31

2.87
2.93

Apr.
May..
June.

2.02
1.92
1.85

2.32
2.30
2.29

2.68
2.65
2.63

July..

2.72
2.72
2.77

3.27
3.25
3.26

July.
Aug.
Sept.

2.28
2.25
2.18

2.85
2.80
2.71

July.
Aug.
Sept.

1.82
1.83
1.80

2.27
2.28
2.30

2.5s
2.57
2.59

2.76
2.71
2.67

3.26
3.22
3.17

Oct..
Hot.
Dee.

2.10
1.97
1.89

2.70
2.65
2.59

Oct..
Not..

1.81
1.85
1.86

2.30
2.32
31*

2.60
2.61
2.63

2.65

3.17

2.57
2.71
2.73

1.86

2. 31*

2.65

Peb..
Mar..

1.99
2.10
2.01

.

Au^.
Sept

.

2.60

.

.

Oct..
Not..

Dec.
1938- Jan.

.

,

19lH-Jaii.

71*

Peb..
Mar..

2.6U
2.6U

Apr..
May..
June.

2.62
2.51
2.52

3.15

Apr..
May..
JUne.

1.96
1.92
1.91

2.76
2.75
2.70

July.
Aug..
Sept.

2.52
2.51
2.58

3.12
3.10
3.12

July.
Au«.
Sept

1.90
1.9I*

2.66
2.65
2.6U

Oct..
Hot..

2.1*8

3.06

2.50
I:?
2.%

3.01*

Oct..
Hot.
Dec.

1.88
1.85
1.96

Sec.

3.02

1.9I*

.

19l*3-An«.

7.

1.8l*

11*.

21.
28.

Sept.

1*.

11.
18.
25.

2.55
2.57
2.59
2.58

19l*3-Oct.

1.83
1.83
1.82

2.28
2.28
2.28
2.28

1.82
1.80
1.80
1.80

2.30
2.30
2.30
2.30

2.57
2.58
2.61
2. 60

Hot.

^
2.61

16.
23.
30.

1.79
1.80
1.82
1.81
1.82

2.30
2.30
2.30
2.30
2.31

6.

1.8U
1.81*

2.32
2.32

2.59

1320.
27.

2.31*

2.61
2.61

2.
9-

1.86
1.86

2.33

.

2.61
2-57
2.68

2.23
2.22
2.37

Weekly Series - Saturday Plgures

Dec.
19l*l*-Jan

19l*3-Dec.

2.60
2.59
2.59
2. 61

1*.

11.
18.
2k.
31.

2. 60

19l*l*-Jaa.

8.

15.
22.
29.

1.86

2.

Treasury Bulletin

56

OD

—

O
evi

CM

op
csj

o

00
lO

ro

ifi

tfi

o

GOVERNMENT
AGENCIES

CORPORATIONS AND CREDIT
OF THE UNITED STATES

-59-

6

3

6

U

Treasury Bulletin

60

Assets and Liabilities of Government Corporations and Credit Agencies

December 31, 1943
(In Billions of dollars)

lBtsrac*i^7 asssts

lDT««tB6ntl

Corpormtlon or

Prsfsrrsd
capital
stock,

m^acj
Total

u. s.

Cash

U

stc.

•at

Raal ssAccount!
tats and
ftod other
othsr
recalTablBt

Capital
stock and
paid-in
bualnssfl
ent
surplns of
property corporaOoTSroBsnt
tions and
corporaa^snclas
tions

Sacorltl«t

^uaran-

•curl- te«d by
United
Stfttse

Banks for eoopsratlTss
CoBzoditjr Credit CorporationDisaster LosA Corporation....

Eiport-Icport Bank of Vasbin^on.
rara Credit Idainlstratlon
Tar« Sacxirlty Adaini strati on

federal hone loan banks
federal Houslc^ Malnistration.
federal interaediate credit banks.
.

235.2
329.5
2.7

2U.1
6.3

U13.il

135.8
226.2
Ul6.2

l.U
10.0

528.1

federal Crop Insurance Corporation
Tsderal Deposit Icsuranes Corporation U/.
federal fare Mortca^e Corporation

.

331.3
l.7Wt.5
20.8

.

^

federal land banks
federal Batlonal Mortgage Association..
federal Prison Industries, tnc

federal Public Housing Authority
fedsral Salines and Loan Insurance
Corporation
federal Security Acency - student war
loana U/

federal Vorke Acency:
Public Works Adalnistration
Var Public Works- consunity facilities
Eoae Ovners' Loan Corporation
Inland Vatenrays Corporation U/

Intsrior Departnent (Indian loane)...
Panaaa Bailroad Coopany U/
Production credit corporationa
Puerto Rico P.econstruction Administration
fieconetmction finance Corporation 6/..
Be^ional agricultural credit corporations
RfC Kortga^s Coopany. The
Rural nectrif ieatlon Adainlstration.
Tennessee Valley Authority

29.1
728.5
1.1U9.6

29U.0
128.9
U16.U

1,980.3
67.1

636.7

151.5
62.6
36.0

.U

2U3.1

31.3
20.6
30.7

1.357.9

1*2.8

229.6

168.8

I403.3

110.1

3."

3.1

72.''

72. li

1.683.2
2U.9
2.6
73.6
127.5

21.9
9.279.9
6U.9

250.0

U3g.l

3.7
1,338.1

1.5

57.1
I.O
33-7

76.7

17't.O

.11

1I0.3

•

3.8

7

"•1.5

1.2

17.0

.7

127-7
1.5
1.6

6.5

182.5

37.9

7.2

U.9

1.2

lUO.l

U.l<

.2

103.6

2.7

7-9

318.U

.1

21.2

16.5

29.

6lt.6

ll|«.8

2.0
'187.7

OoTSm-

18.2

7.1
15.7
6.9

30.2

18.3

550.8

36.1

33.8

Qua froo

5.1

7-0

•3

63.3

.U

38.0
.9

15.0
6.6

25.0

"1.2

2.6

.8

16.2

.7
.2

U6.9

100.0

2.6

12.1
.6

10.5
50.5

76.1

68.3

6.3

3.1

•

6.0
1.'113.2

338.3

115.6
367.7
696.6

101.5
3U7.2

6.78U.5

15-9

yi'.lu

1.0

7.003.3

360.7

2.11
32

32.0

2.3
8.5
7.8

11.7

6.6

67U.7

12.0
2.2

20.

14.

Tennessee 7alls7 Aaeociated CooperatlTSs, Inc
United States Haritime Comlssion
Var corporations and actlrities (World
War I ) 8/

.2

8.171.2
877.2

208. ll

Other GoTernaent agencies 10/.

8.091.5

25-9

U5, 210.0

7.W13.7

Adjuataent to ellainate interagency
Interests

1st

tota

3U.1

3-5

War corporations (World War II) 2/.
War Shipping Administration

Oross total

107.9

1».8

176.0
1.6

696.5
26ll.2

111.2
526.5

8,031.2

6.9

1109.

52'*. U

l,Wi8.5

ltU6.6

682.7

1.926.0

1.623.9

-16,1116.9

29.063.1

7.'*U3.7

"109.6

216.6
U5.9

52U.U

I.UI18.5

UU6.6

(Continued on following pege)

682.7

1.926.0

1.623-9

15.512.2

63U.7

-15.512.2

-6?U.7

lU.557.8

lU. 557.8

February 1944

61

Assets and Liabilities of Government Corporations and Credit Agencies
December 31, 1943 - (Continued)
(In BllllonB of dollars)

Liabilities and reBorras

Proprietary Interest

Ll&bllltleB
Ouaranteed
by United
States
(inclndee
accrued
interest)

Corporation or agency

Banks for cooperatlTes
CoQUQodity Credit Corporation
Disaster Loan Corporation

122-7
1.719.U
.1

Export-Import Bank of VaBhington
ranu Credit Administration
T^rm Security Administration

l.U
211.2
217.2

Federal Crop Insurance C^orporation
Federal Depoelt Insurance Corporation U/
Federal Farm Mortgage Corporation
Federal home loan banks
Federal Housing Administration
Federal Intermediate credit banks

^

Federal land banks
Federal National Mortgage Association....
Federal Prison Industries, Inc

Federal Public BouBlog Authority
Federal Savings and Loan Insurance
Corporation
Federal Security Agency - student war
loans U/
Federal Works Agency:
Public Works Administration
War Public Works- community facilities
Home Oimere Loan Corporation
Inland Waterways Corporation U/
'

Interior Department (Indian loans)
Panama Railroad Company hj
Frodoction credit corporations

Puerto Rico Reconstruction Administration
Reconstruction Finance Corporation 6/....
Regional agricultural credit corporations
RFC Mortgage Company. The
Sural Electrification Administration
Tenneesee Valley Authority

Tennessee 7alley Associated Cooperatives,

I

nc

United States Maritime Commission
War corporations and activities (World.
War I ) 8/
War corporations (World War II)
War Shipping Administration

^

Other Government agencies 10/

Gross total

Adjustnent to eliminate Interagency
Interests

Net total

17.8
1*39.2

1.041.U
95.0
27.2
326.9
1.501.1
U3.5
.3

UOS.g

1.609.5
1.3

Not

guaranteed
by tJnlted
States

Owned by United Statee

Doe to GoTermnent
corporations and

agencies

Treasury

Other

Sxcese
of
aasets
(Total
proprietary interest)

Prlrately
owned

Capital
Surplus
stock

U/

Nonstoelc

62

Treasury Bulletin

Sources of Funds of Certain Government Corporations and Credit Agencies
for the First Six Months, Fiscal Year 1044

Corporation or a^ancx

February 1^44

63

Usee of Funds of Certain Government Corporations and Credit Agencies
for the First Six Months, Fiscal Year 1944

Corporation or agency

6h

Treasury Bulletin

Sources of Funds of Certain Government Corporations and Credit Agencies
from Inception of Organization through December 31, 1943

Oorporatlon or ac«ncr

February l'^44

65'

Uses of Funds of Certain Government Cori)oratlons and Credit Agencies
from Inception of Organization through December 31, 1943

Corporation or a^tncy

INTERNAL

REVENUE

66

STATISTICS

February 1944

67

Summary of Internal Revenue Collections!/
Cin thoutandt of dollari)

ftiploTment taxes

Ibcobo and profits taxes

Social Security taxes

Tltcal year
or mo&th

Total

Corporation
Incoas and
excast
profit!

IndlTldual
2/

Mlacallanoous
profits
taxes U/

U

ISS"*

1935
1936
1937
1938
1939
19110
191*1

19te
19''3

19U3-Janu6jy
February
March
.

.

.

.

April
Hay
June

2.672.239
3.281.792

819,656
1.105.788

1*19.509

3,U9't.330

l,i*27,W*5

671*. '*16

U.63U,308
5,6U3.g3U

2,179,828
2,629,016

1,091.71*1

5.162.355
5.322.768
7.351.531
13.029.912
22,368.713

2.185,105
2,129,606
3. '71,122
8,006.880
16,298.876

1.028,831*

797.227
1,058.902

1,286.312

5.273,1121
1. '•72, 335

1.007,599

681. 617
511, '•07
1,813,51*8

September.

U, 613, 21*9

'1,191,778

October.
November
December

2,179,567
2,089.229
5.017.358

1.61*3,578
1,1*70.850
1*. 590. 615

l,l'*7.55''

2,086,1*86

1,581*.

390

1.039.535

19l»U- January.

.

.

.

.

7'tO,i*29

529.635
605.350
687.327
895,336

101.167
106.123
100.658
119,617

109, i«7

833.521
925.856
.185,362
.U98.705

.131,51*6

156. 008

211.151

5.319
3,771
20.785

73.'*lO

185.299
1.97'*. 909

813.577

33.7l<0

217.368

296,097
''33,759
U, 868. 220

1.231,1*112

.

58.119
90.267

703

1.998.885
1.672.217

.

207.339
502.917

gl*,2Ul

», 383, 1*20

.

265. 71*5
71*2,660

i*.6S7.'*59

753,1*77

.

I48

31.178
112.786

3,262,800
6.629.932

l.'*l7.655

9. 58"*.

2UI1

,

689

2.872,526
325,15"
239,127

122.626

30.896
81,761
2,819

11*9

287
.U76

122,01*8

137.871
170,1*09

501

26.276

91,229
307
919

828

120. 03I*

107.038

5.8U9

7,11*7

2,91*3

238.910

203.1*10

9.01*7

26.U53
23.968

291*.

338

181*,

28.270
22,538

2.205,581*

7.362

27. 71*7

2,593

1.186

31*7.376

10.2U7

115. 826

U,8l*6

1.1*1*7

298,726
2,132,387

2.871*

8.51*7

IU.676

263,723
27,863

109,533
222,363
2,91*9

937

32.813
23.977

108. U05
207, 051

5,1*86

873,819
511.977
2.01*1*, 715
1,086,U51

51*8,1*114

2,175,565'

1*8

l't.509

27.010
37.172
56,621

i*.026,UgU

Axigust

1,122.531
1.120,579
2.016,295

982.017

l,36U.9go

July

2,631
6.560

397.516
572.115
738.520
1,056.909
1.299,918

527.113

^

Carrlsrs'
federal
federal
UnssiplOTnent Taxing Act
Insurance
of 1937
Contributions
Tax Act
Act (01d-s<s (Unemployaent
Insurance
Insurance)

307,579
2.1*10, 21Sr

8,713
15,717
U,832i
6,202

538.653

111*,

661

2U2,827
38,1*50

122,183

1.1*96

8.339
1.086

530

36.859

81*.

770
27, 1*37 r

35.868
79I*

Miscellaneous Internal rerenua
fiscal year
or month

Total

Capital
stock
tax

Istata
and
gift
taxes

ManufacAlcoholic
hsTsra^e
taxes

I,ll81,l60
1,61*9,782

113.138
212,112

258.9"

91. 508

2.001*, 5II*

9U.9U3

378,8ll0

505. 2U3

2.188,735
2.272.158

137.1*99
139.31*9

305,51*8

1939

2.236.821

191*0

2.359.61*1

19U1

2. 951*. 553

191*2

3.837.670

127.203
132,739
166.653
281.900
328.795

1*6.739

330,805
378.925

209
216
392

3UU.702
372,593
329,179

888
193
365

July
August.
September.

651 617
591*, 917
,

135.61*5

393.608

187,876
31*. 636

October.
NoTember
December.

1*21,328

I93I*

1935
1936
1937
1938

u. 571, 132

191*3

191*3- January

.

.

February.

March
April
May
Jtine

.

.

.

.

191*1+- January

Source;
r
1/

2/

^

.

.

378,501*

375,552
388,293
381.913

Tobacco
taxes

Stamp
taxes

turers' and
retailers'

excise
taxes

Mlscsllaneoue
taxes

A^lcultural
adjustment
taxes

6/

1*25.169
1*58.776

66.580

390,038

11*7 ,156

371.1*23

1*3.133

68,990
69.919

3'*2.275
379.51*0
1*16.751*

91.052
76.172
80. 161
117.501

526,222
62.323

593.831
567.670

500.786
551.923
567.777

360,715
360.071
M07,058

587.605

579. 78U

1*1.083

396.891

11*3.51*0

62U,o6)t

38.681
39.057

1*1*7.088

11*8,926

,0118,165

I*it7.it96

,l*23.1l«l

617.373
852.069
670.015

206,831

1*32,51*0

608,072
697.712
780,792
923.857
80,565
6s,2i*7

3,776
3.551

68.1*27

28,613
6l,6U2

136,876
128.299
120.528

1*1,912
50,1*20

79.51*1*

ii.i»i9

51.1*59
1*7.178

36,659

112,757

76,681*

1*6,21*0

109,271*

1*8.793
60,1*39

28,672

115,231

71,339
79,821

5.115
5.127

1*7,910
2ll,8U7

86,771
89.965

28,012

125.168
128,869
117,315

86.351*

3.81*1

20.063
366

1*0.718

122.371*

117,303

90,013
93.058

3.939

253

3.93'*

58,568
56.156

-1*2

36.1*1*3

120,191*

87 . 101

3,999

6U.39I*

70.1*82
76.20I*

59

52.181*

107.886

77,211

'»,275

68.029

72,269

80.l6g

1*16,871*

31*.

Reports of collections.
Revised.
excludes colloetions for credit to certain trust accounts for
territories and Insular poeseselons. etc. (except for the fiscal years 1929 throng 1931*. vhen they aggregated less than $1
Billion a year)
Includes rictory tax collsctlons and collectlone under the
Current Tax Payment Act of 191*3.
Excess profits tax Imposed under the Second Revenue Act of
191*0. as amended.

ltlO.926

819,869

|*/

^
6/

1*6.233

1*1.702
1*5,155

1*1*9,851*

1(00,501

732.333

65,222

'*.993

39.195

63.8O6
79,981
60,902

U,021

59.1*88

192, 61U

'»,510

55.538
52.751

103,312
70.699
85.653

Consists of the declared value excess profits tax. the profit
limiting provisions of the Vinson Act. and the tax on unjust
enrichment
For the jjerlod prior to September 1939 the data In the colxuuns entitled Federal Insurance Contributions Act and Federal
Unemployment Tax Act represent collections under Titles 7III
and IX. respectively, of the Social Security Act.
Includes tax collections under the Sugar Act of 1937 and under the dividends tax Imposed by the Act of June 16, 1933-

Treasury Bulletin

68

COLLECTIONS OF INTERNAL REVENUE
f/sco/ y»ors 1929 to

DOLLARS
Billion*

DOLLARS

Estate and Gift

/943

First 7

Months F/sco/ Year /944

DOLLARS
Total

Billions

February 1944

69

Detailed Analysis of Current Internal Revenue Collections^/
(In thouaande of dollare)

First 7 months

First 7 months

January

Sources of revenua

iQCome and profits taxee:
Individual:
Withheld by eoployero (Current
Act of 191*3) 2/

TaJt

;

Sourcee of revenue

Fiscal
year

Fiscal
year
19U3

iguit

628. 5U2

2.737.270

9U

782,967

396.210 1,388,852
13-''55
7"*, 207

5,219,367
lUO .010

1.328

Other:
Cxirrent

Back

^

MiecellaneouB internal revenue (continued):
Stamp taxee:
Bonds, iseues of capital stock, deeds of
conveyance, etc
Transfers of capital stock and aioilar
Interest sales
Playing cards
Silver bullion salss or transfers
Total BtaiDp taxes.

Corporation:
Income taxes:
Current J/
Baelt

Excess profits taxes (Second Revenue Act
of 19MO as amended)

Miscellaneous profits taxes:
Declared value
Vinson Act
Unjust enrictaneat
Total income and profits taxes

ZmploTment taxes:
Social Security taxes:
Federal Insurance Coatrlhutioae Act (Oldage insurance)
Federal Unemployment Tax Act (Unemployment
Insurance)
Total Social Security taxes.
Carriers' Taxing Act of 1937-

Total employment taxes

Miscellaneous internal revenue:
Capital stock tax
Estate tax

159,907

2.U22,156
3'W,796

351.869 1.653.712

3.820,1|02

15.763
171.021

6.093

109

Total alcoholic beverage taxes.

Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes eioall )
Snuff
Tobacco (chewing and smoking)...
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxee.
(

Total tobacco taxee.
ce:
•

1/
2/

U7.O3O
192
1.330

62.857
39
366

Manufacturers' and retailers' excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Floor taxes on tires and tubes
Automobile trucke and buses
Other automobiles and motorcycles
Parts and accessories for automobllee
Electrical energy
Electric, gas, and oil appliances
Hectrlc light bulbs and tubes
Electric signs (repealed as of 11/1/1*2)...
Badio sets, phonographe. components, etc..
Phonograph records
Musical Instruments
Mechanical refrigerators, air-conditioners
etc

636.576

736,327

36,859

55.3'*5

66,100

121,389

691,921

802.1*27

79U

99,U78

123.105

122.183

791.399

925.532

59

326.7'tO

50,96U

239.786

258,380

5,88U

5,988

Oift tax

Alcoholic beverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Vines, cordials, etc. (imported, excise)..
Vines, cordials, etc. (domestic, excise)..
Brandy used for fortifying sweet vines
(repealed as of July 1, ighO)
Dealers in distilled spirits; rectifiers;
manufacturers of stills (special taxes).
Stamps for distilled spirits intended for
export
Case stamps for distilled spirits bottled
in bond
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers in malt liquors (special
taxes)

1 ,8811,002

1.5«U,390 5.209,326 15,526,230

8U,530

23,281

39.5't9

lt2,0l*9

1*29.728

1.52U

12,170

339
2,139

3'»5

102

20,932

5.380

-15
210
603
197

Fiscal
year

Fiscal
year

191*3

19UI*

2.138

11,U1*3

15,02U

1,585
5t7

6,261

9.127

1*,158

''•335

5

89

33

'',275

21.951

28,519

3,371
17.069
2.556

23,822
193,991
8,278
56
3.389
1,162
11,781

28,928
162,693
22,779
2U

I9l»lt

Ayment

Victory tni (SoTonue Act of 19U2)

January
I9UU

378.603

Matches
Floor taxes on matches
Business and store machines
furs - retailere' excise
Jewelry - retailers' excise
Luggage
Optical equipment (repealed as of 11/1/U2)
Photographic apparatus
Rubber articles (repealed as of 11/1/1*2)..
Sporting goods
Toilet preparations - retailere' exciee...
Washing machines (repealed as of 11/1/1*2).
Firearms, shells and cartridges
Pistols and revolvers
Repealed taxes not listed above
Total manufacturers' and retailers' excise
taxes

158
89
.367
.589

28.1*78

959
870
16,752
29,363

522
390
20
307
256

5.536
2,205
506
U.2I5
1,052

2,1*98

3t

91*3

1*05

90

1*,229

1*1*6

1*,1*81

1.956
U,676

2.275
157
1.885
1,068

•

5

325
9.821*

I7.6U6
1*03

52.521
3.176

•

281

933

6.313
13,066
3,012
19.139

9

192
6.38U

1.977
35,138
63.965
3,508
6,952
192
1,1*06

23. 773

1

35

32

UU

1.051

562

1*5

29

U23

76

68,029

U22,951

l*ll*,92l*

8

U.020

3,218
32,825

1*1,705

11,856

1*2,039

81,61*7

7,961*
1,091*

10,591

32,251
8,U59
37.968

52,961
8,903
92,027

17,598
179

3,71*7

127,368

137.798

126,01*3

1

30I*

522

3,559

193
3.581

16.71*5

92 2l*l
3,713

131.197
328

.01*8

IO.55U
1.532
15,38U

5.578
1

1.108

37, '122

895
7,035
67,6lU
251.175

25.581
313.073

35

2,561

2.1*20

U,63lt

107.886

837.390

839,110

2. 318

16,992

7
6

12.130
56
15

70,ltOll

1»93,613

559,581*

681
3.629
191

U,181
29,280
762

28,587
738

1

2

2

5t
1*0

i*,i*U6

-26

8,183

30

77,211

5U8,222

610, U73

Reports of collections.
Less than $500.
Excludes collections for credit to certain trust accounts for
territories and insular posssssions, etc.
Consists only of tax collections under the Current Tax Payment Act
of 191*3 for which returns have been filed with the Collector of
Internal Revenue. Collections as shown in Dally Treasury Statemente
consist of withholdings deposited In Government depositaries in

Miscellaneous taxee:
Bituminous Coal Act of 1937
Sugar Act of 1937
Telephone, telegraph, radio and cable,
leased wires, etc
Local telephone eervlce
Transportation of oil by pipe line
Transportation of pereons, seats, berths..
Transportation of property (effective
12/I/H2)...
Uss of motor vehicles (effective 2/1/1*2)..
Uee of boats (effective 2/1/1*2)
Leases of safe-deposit boxes
Admiseions to theaters, concerts,
cabarets, etc
Club duee and initiation fees
Bowling alleye, pool tables, etc
Coin operated devices
Adulterated and processed or renovated
butter, mixed flour U/ and filled cfaeeee
Oleomargarine, including special taxes....
Narcotics, including marihuana and special
taxee
Coconut and other vegetable oile proceesed
Hational Firearms Act
All other, including repealed taxee not
listed above
Total miscellaneous taxee

Total miscellaneous internal revenue.
Total internal revenue

612
35
323

.

1,360

108.537
lt.191

1.571*

1.575

8,755

15.72i»

2

22

258

I.72U

12
2,528

28
1*29

397
1.357
12

2,UUl
13

72,269

1*12,003

671,231

381.913 2,8lU,927

3,207,228

1*0

1*05

11

2,088,1*86 8,815.652 19.658,990

addition to payments sccoDpanylne retomfl filed with the Collector
of Internal Bevenne.
Cnrrent collections conelet In general of taxes paid vltbln tvelre
months after the close of the taxable rear for which the return was
!t/

filed.
Tax Imposed upon the manufactnre and sale of, and the occupational
tax on, mixed flour repealed ae of NoTenber 1, 19^*2-

OLD

AND

SILVER

70

STATISTICS

February 194-f

71

Gold Assets and Liabilities of the Treasury
(In mlllionB of dollaro)

Ualilltilei
End of calendar
Tear or month

Cold

1935
1936
1937
1938

i9't3

19^3- Janiiary
February
March
.

1,008.6

156.0
I56-O
156.0
156.0
156.0

1,800.0
1,800.0
1,800.0
1.800.0
1.800.0

1*08.9

156.0
156.0
356.0

1,800.0
1,800.0
1,800.0

ll»8.5

156.0
156.0
156.0

1,800.0
1,800.0
1.800.0

156.2
152.3
150.2

20.127.7
20,067.1

156.0
156.0
156.0

1.800.0
1,800.0
1.800.0

159 -1*
159-1
151-9

21,937.8

20,002.6
19.953-1
19,821.0

156.0
155.0
156.0

1,800.0
1.800.0
1.800.0

157.1
155.6
160-7

21.918.1

19,800.8

156.0

1.800.0

161.3

17.
21.991*.

15.273.6

22,736.1
22.726.3
21.937.8

20,561*.

19.825.1*

20,611.9
19.821.0

22,6S3.0

.

22,61*3.8

20.578.5
20.533.7

22.575-7

20,1*70.8

22.1*72.7

20,360.1*

22.1*26.1*

20,318.1
20,281.3

22.387.5

July
August

.

.

20,219.1*

22.331*.
22,21*2.8

.

September.

22.175.0

October.
November.
December.

22.115.7

.

22.061*.

19W*-JanuBry...

Comprises (1) gold certificates held by the public and In Federal Reserve Banks; and (2) gold certificate credits in (a) the

1/

2/

^

-7-67
59

3.83

-39

I93I*-

3-51*

168.55

71*3.96

5-25
1.75

796.1*3

19351936.
19371938-

l+lt.l)0

699.30

1*3-69
52-31*

80l*.96

3.31
3.11

Jiily-Sept

765.95

3.2U

Oct .-Dec.

51.62

657.1*7

2.8l*

851.76
821.53
711.93

2-93
3.1H
3.16
2.50

789.32
1,530.30
1. 281.31
750.17

Oct. -Dec.

1939 - Jan. -Mar..

Apr -June
.

1(0.1*2

701.00

I9U0 - Jan. -Mar.
Apr - J\m*)

1*6.77

739-62

1*6-37

1,1*80.79

Jiily-Sept
Oct. -Dec.

52-27
73.63

1,225.88

.

191*1 -

End of fiscal
year or month

121*.

38.23

671*. ol*

31*

751.87

1*9.67

320.20

2-59

30-91
57.05

22l*.76

1.1*0

257.07

76.11
-75.81

3-27
2.31

-2l*-l*0

19U2 - Jan. -Mar..
Apr -June
July-Sept
Oct. -Dec.

36.U9
30.03
32.36
12.23

-87. OU

1.86

17.62
-16. in

1.1*3

.

191*3 -

Jan. -Mar..

Apr -June
July-Sept
.

Oct. -Dec.
1/
2/
2j

1*9.20

I.2I*

-3.01 i/
6.66
-3-23 2/

-1*1.17

1.62
1.11

-152.1*0

.65

-187.03

1.77

-219.1*2

-23U-93

35
.72

•

160.7

15U-3
1US.9

Gold

Silver

($35 per
fine ounce)

($1.29-> per

7.856.2
9.115.6
IO.6O8.U
12.318.3
12.963.0

fine ounce)

898.2
1,1*63.1
2,21*^.5

2.5U2.I
3,066.U

Ratio of
silver to gold
and silver in
monetary stocks
10.3
13.8
17.5
17.2
19.1

191*0.

16,110.1
19.963.1

3.605.2
3.939.6

191*1.

22,621*.

1*.

191*2.

22.736.7
22,387.5

l*.306.3
i*.298.5

1939.

191*3-

11*8.7

22.683.0

3ll*.6

Ifebruary

22,61*3.8

March ....

22,575-7

312.0
306.8

April.
Hay.
June.

22,1*72.7

191*3- January

-

18.3
16.5
15-5
15.9
16.1

16.0
16.0
16.0

372-1*6
136.1*3

-1*8.69
1*9.08

17.57
-27-83

-150.51
-188.27

.

22,1*26.1*

303-9
U.298.9

22,387-5

i*.298.5

1*.

l*,29i*.U

16.1
16.1
16.1
16.1
16.1
16.0

July
August
September.

22, 331*.
22,21*2.8

1*,

22,175.0

It,

October.
November
December

22,115.7
22,061*.7

1*,223.7
1*,212.7

21,937-8

1*.

207.3

16.0
16.0
16.1

21,918.1

i*.172.5

16.0

.

.

.

276.0
233.1

-212.1*1

-237. W*

Includes gold released from earmark or gold placed under earmark.
Comprises domestic coin, secondary gold. etc.
Eicesfl of sales of gold to domestic industry over receipts of

newly-mined domestic gold.

a5.3

71*7-01

Jan.-Har..
Apr -June
July-Sept.
Oct. -Dec.
.

213.2
158.1*

(In millions of dollars)

Gold received tiy
MiscelImportation or
released for ex- laneous 2/
portation (-) 1/

1*7.22
1*9.12

.

682.1*

Monetary Stocks of Gold and Silver

Treasury Gold Receipts

1938 - Jan. -Mar..
Apr - J\ine
July-Sept

31*1-9

Beard of Governors, Federal Reserve
Oold Certificate Fond
System, and (b) the Redemption Fond - Federal Reserve notes.
Reserve against United States notes and Treasury notes of I89O.
Excludes gold In active portion of Bxchange Stabilization Fund.

(In mlllionB of dollars at $35 per fine ounce)

Newly-mined
domestic
gold

1*87.1*

1,591.6

-

Dally Treasury Statements.

Source:

Oold In
General Fund

1.800.0
1,800.0
1,800.0
1,800.0
1,800.0

.

April
May
June

rand 1/

156.0
156.0
156.0
156.0
156.0

7.G79.5
8.959-6
9.212.3
11,872.8

61*3.1*

1939
19U0
19U1
igUs

Ixchange

StaMllMtlon

,

5.27l*.0

S.238.G
10.122.9
11.257.6
12,760.0
lU.Sll.S

193"*

Gold Reserve
against U. S.
notes etc. 2/

Oold Certificates 1/

AsefltB

19l4+-January

p.

Daily Treasury Statement and Circulation Statement of
United States Money.
Preliminary.

U
7

...

3

U

7

6

Treasury Bulletin

72

Components of Silver Monetary Stock
(I>

allllou of dsllud

81 Ivor hold In Troorary

bd

3oo«rlBc illror
sortlfloAtoo 1/

of e»l%nAMT
jmmr or aoBtk

•llnr killtaa
193^
1935
19)6
1937
19)«

•llTor dollvo

ai.6

508.

576.9
775-9
93«.«
X. 137.6

508.

1939
i960
19U1

l.i9*.Z
1.39».I

l^i

1.516.2
1,520.0

1. '176.1

1963

1.517.9
1,518.8
1.519.7

U6}.6

1.519.
1.519.
1.519.

W.5.9

Soptoabor

October
VoToabar
Daeoabar

1,520.0

April

HV
Jnna

Jolj

lu^ot

IjUU-jastiar/ p

Soarca;
p

'*5B.7

U53.3

BOLlliOB
at eoot

SllTor
dollar! 1/

8.8

5.7
5.1

.3
•

U28.6

U3.it

3.5

.2

535.3

Ul«.l»

19.1

616.0
657 ."
662.3
628.2
551.8

19.5
30.3
35.9

89.3
262.7

35.2
18.U

Total ollTor
at tl.?9
par onaca

Subildlarj
coin 2/
1,279-7
1. 970-1
2,U02.3
2.8O6.5

305.)
323-5
350 -&
366.9
372.8

3.3'i6.8

U8.1
52.5
63.0
78.8
96.8

.1
i»22.U
U22.

u. 060.0

621.1
613.9
606.0

79.'!

36.9
U1.2
36.9
5
2

5.3
2.3
3.5
9.2
lU.U

W5.5

Bullion for
roeolaac* ij

U.2
1.2

UfU.i
U68.3
uoo.U
U67.8
U66.8

fabruarj
March

9uboldloj7
cola 2/

505.7
503.7
502.7

1,516.3
1,516.3
1.516.8

19'"3-JaBu«iy

SllTor ovtoldo
Troooory

la Ooaoral ^oad

.2

3'17.7

3.790.2

"193.5

U,2kU.8

587.3
68U.7

"1,317.6
"1.207-3
'',31'i-6

81.6

588.5
59O.C
596.0

6OC.0
593.6
592-1

83.0
8U.3
85.7

60U.7
612.7
623.1

''.30)-9
"1.298.9
"1.298-5

87.5

633.2
6U2.2

80.

"1,312.0
"1.306.8

U.29U.U

1129.9

^3^

U26.5

27.2

589.1
58U.9
567.3

88.8
90.7

1,519.
1,520.

U22.0
UIO.3
UOO.it

26.5
21.7
lU.U

560.7
553.8
551.8

92-3
9U.0
96.8

663.6

1.520.0

67il.2
68I1.7

"1,223-7
"1,212.7
"1.207-3

398 -6

17.3

538.8

95.8

68;.

"1,172.5

Dallj Traaaur/ Stat aaaat and Cireulatloa Stataaant of U&ltad
Statoi MoD«7.
Prallal&arj.

18.8
•

1/
2/

"1,276.0
U. 233.1

65)1.8

Laai than t^O.OOO.
Valuad at $1.29«' por omce.
Taluad at $1,384- par ounca.

Sliver Production In the United States and Silver Acquisition by Mints and Assay Offices

1/

(Zn alllloDt of onnoat or dollara)

ailTor
prodnetloa

Sllrar aeqalrad bj alati and aaaay offloaa

In
Calandaj. jraar
or aosth

Oataa
Stataa

Havl7 alnad doaaatlc
allTap 2/
OoBoaa

W"!

Satlonalliad
•ilrar 2/

roralp illTar U/

Oollari

Ouneaa

Dollara

Ooncao

110.6
2.0

55.3
1.0

.H

.2

172.5
U9U.U
271.9

86.5
318.2
150.3

2111.S

Dollara

21.8

lU.l

1935
1936
1937
1938

I15.6

38.0

63.1
71.3
61.7

61.1

27-3
17-3

70.6
61.6

U2!u

355. "i

108.
156.9

1939

63-9
67.0

60.7
68.3
70.5

uo.i

"17.9

3I1.O

282.8
139-8
72.6
11.3

120.5
50.9
27-1
6.0

'15.3

5-5

3-9

62.1
5-5

3.8

.1

.1

.1

.1

.1

.1
.6

19110

igui

P

19"12

19U3
19'13-Jaaaar7.

.

rabruarj..
Mar oh

April
KiJ
•Tuna

Jttlj
.

.

October.

,

iroToabar

.

Decaabar

.

I9U1. Janoarj

r
•

1/

2/

50.1

3.9

.6

.5

3.8
3.2
3.9

1.6
1-3
1.2

1.1

333.
312.
617.

9
3U6.5
^2
197.8
163-3
199-1

3"i3-3

160.

53"i-

208.0

99-"*

l"i3.l

77-2

1.6
1.3
1.2

.9
.8

"10.

3-9
.1
.1
.5

1.1
.9
.8

"i.U

Au^dlt.
Saptaabar.

3o«roa:

"18.5

30U.

.

.

"1.0

2.8
.2

t.l r
1-5

.1

5/

31lTar prodsotloai Aaaaal Kaporte of tha Ureator of tha
Mint for aannal flgarea thraaiih 1939: relaaaee of Aaarloaa
Bareau of Metal Btatletlee for all later flgoree.
BoTlaed.
Laee than ;o.0OO.
Tot laforvatloa oa allTar produetloa la ethar eoaatrlee froa
1933 throned 19I1O or I9I1I. aee •TreaeMr Bolletla" for
An«u.t 19113. pa«a 7"!.
Acquired at b>.6U« oa
Acqul
oante par flaa onaaa natll Afrll 9, 1935:

^
U/
3/

at 71.11* caata par fine osBoe froa that data natll April 23,
1935: at 77-57* cente froa April 23. 1935 to Daeeabar 31,
1937: at 6>t.£>t* oante per flna onaee froa Decrabar 31. 1937
to Jnlj 1, 1939: and at 71. ll* oante alnce July 1. 1939.
Acquired at 30.01 cente per fine ounce. Ixecutlva Proclasatloa of Au(uot 9, 193U. repealed April 28. 1938.
Acquired at rarloue ps-lcee arera^ac ^rproxlsately 'jl cent!
par ounoe.
(at Tat ani labia.

February 1944

73

Seigniorage on Silver
(CuinalatiTe frOB Janiiar7 1, 193^ ~ tn nllllonB of dollars)

Soorcae of selgnlora^ on sllrer bullion ravaluad 1/

potential

Selgnlora^
2nd of calendar
year or month

on ellrer
and ainor
coins

193^
1935
1936
1937
1938

^.3
18.5
U6.1
63.7
69.5

1939
1940
19IH
igUg
iS^i

91.7
122.2
182.1
2^5.7
299.6

19'*3- January.

eeigniora^ on
Misc. Bllrer
sllTor

SllTer PurBevly-ffllned
Hewly-ffllned
chase Act
silTer (Proc.
ellTer (Act
bullion held
of June 19,
BBC. 21. 1933) July 6, 1939)
June ll*. 193U)
19311
(Incl.

3U.7
3U.7
3U.7
3U.7
3^.7

U8.7
Us.

530.7
562.7
580.1*

63.6
65.3

581*. 3

63.6
63.6
63.9

1*8.7

87.6
E7.6

1*8.7

87.6'

April

271.9
277.5
280.1

1*8.7
1*8.7

87.6
87.6
87.6

6U.1*

1*8.7

July
August
September

283.3
286.0
288.9

1*8.7
1*8.7
1*8.7

October.
HoTenber
December

293-2
297.1
299.6

301.9

1/

758.8

87.3
87.6
87.6
87.6
87.6

1*8.7

I9't4-January..

5O8.I
S16.O

1*8.7

261*.

Basis;

1*22,1

3't.7

l*.2

581*.

581*. 3

581*. 3

58U.3

?j
SJ

3U.7

'*57.7

25.7

reralued

3'*.

7"*.

1*8.3

at eoet in
Oeneral fund

132.6
27U.9
397.5

1*8.7

1*8.7

ilTer bullion

on sllTsr

128,7
326.2

51.1
226.2
302.7
366.7

1*8.7

Total

seigniors^

28.5
3U.5

.1*

16.8
36.0
55.0

251.0
257.5

.

Wt)

U8.7
U8.7
U8.7

febroBZy.

.

to«. 9.

1*8.7

March

May
June

Rationalised
silver
(Proc. of

51*1.6

799-7

950.6
1,055.8
1,089.0

818.

1,01*8.2

705.6
759-1*

820.6

967.3

3U.7
3U.7
3U.7

818.

1,029.7

818.9
8I9.2

1,01*8.1*

61*.

58U.3
58U.3

65.2

581*. 3

3^.7
3U.7
3U.7

819-7
820.1
820.5

1,036.6
1.029.5
1.029.5

87.6
87.6
87.6

65.2
65-2
65.2

581*. 3

3'*.7

581*. 3
581*. 3

3^.7
3U.7

820.5
820.5
320.5

1,026.5
1,020.0
989.7

1*8.7

87.

87.6
87.6

58U.3
58U.3

1*8.7

65.2
65.3
65.3

3U.7

U8.7

581*.

3U.7

820.5
820.6
820.6

978.5
968.7
967.3

1*8.7

87.6

65.3

581*.

3U.7

820.6

91*3.9

Daily Treasury Statements.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.

2/

^

3"*.

2/

1,038.9

The figures in this coluim are not cmsulatlve; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Increase due principally to cunolative adjustment in computing
average cost per ounce.

OTHER

TREASURY

7*^

STATISTICS

February 1944

75

Net Capital Movement to the United States, 1935 through November 1943
[Tn

thousandt of dollars.

Net capital outflow {-)]

AnalyeiB of net capital morenent
Net capital
movement

Movement In
8hort-tenn
banking funds

Movement In
transactions
In domestic
securities

Movement In
transactions
In foreign
securities

31*

316.660
600,693
21A.626
57,196

32,990

-85,1*27

125.158
191.076
267. 008
26.758
115.689

Movement in
brokerage
balances

Calendar year:
1, 1936)1936-Dec. 30, 1936).
1936-Dec. 29, 1937).
1937-Dec. 28, 1938).
1938-Jan.
3. I9U0).

l,ltl2,U86

96U.629

1,195,922
801,915

397,31*2
255.591*

1*15.256

1.195.635

331.268
1,132.383

19U0-DBC. 31, igitO).
igUl-Dec. 31, 19ltl).
1, 19l*2-Dec. 31, I9U2)
1. I9U3-NOT. 30, 19't3).

706,380
-'96.923
6oU,321
1,238,599

852,928
-286,622
561.573
1.109.207

20.358
3.513
10.989

1*6,599

36.775

78.156
51.703
-7,36U
81,o2S

1935-Hov. 30, 19'»3).

7,073.591

5,318.302

115.372

710.105

929,812

66.905
73.376

57.538
57.339

-90

December.

6.725
12.338

2,732
3.372

19U3- January.
February.
March.

72,750
107,175
132,152

151. 809

2.658
-600

5.205
-2.503
9.881

-86.922

2,131*

65,206
70.330
223.795

58.289
8U5

922
-1,027
3,662

-l»,537

58.720
59,027
1,903

1.698
565

1935
1936
1937
193s
1939

I9H0

(Jai>-

2.

(Jan.
2,
(Dec. 31.
(Dec. 30.
(Doc. 29,

{Jan.
(Jan.
(Jan.
(Jan.

U,

Total (Jan.

2.

19ltl

19't2
19't3

1935-Jaii.

1,

19lt2-N0Teml)er.

.

.

April.
May..
June.

U9.592

July
August ....
September.

170,31*2
1*5,011

October
November

133,267
16s, 979

.

Back Figures; Monthly data for the period January 191*1 throiieh
June 191*2 mey be found in the "Treaaury Bulletin" for
September 19l*3. page 73.

119.683
61.505

7l*.311
221*.

6,039
6,811
687

31*,

-21*5,062

-261.955

327

1*20

135.679

-7U7

163.1* 36

1.301*

6,937
-389

It, 392
-5.283
21, OW*

-687
2.715

-9.1*05

58.632

-91*2

-2.565
-175

-13,91*0
lit*.

900

21,1*99

-978
I.52I*

FQEyiCTORY

BUY
UNITED
STATES

WAR

%ONDS
AND

STAMPS

C^;

T'^

Treas.
HJ
]_0

.A2

1944
C.2

U.S. Treasury Dept.

Treasury Bulletin