Full text of Treasury Bulletin : February 1945
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WBM:-
JfStPPiRWf,:.
.<oi«<
-->'
iBB
^t^^
,QQ\A
c^
LfRRARY
^f>OIVI
JUN
9.
^
5030
1 1972
^f^mUHY DEPARTMENT
BULLETIN
OF THE
TREASURY DEPARTMENT
FEBRUARY
1945
Analysis of Fteceipts and Expenditures
Composition of the Public Debt
Prices and Yields of Government Securities
Other Treasury Statistics
UNITED STATES
TREASURY DEPARTMENT
OFRCE OF THE SECRETARY
Treasury Bulletin
Cumulative Table of Contente
February
1945
11
Cumulative Table of Contents
(Continued)
-
Iiiutt
and pag* Bun1>«r
19U5
I9UU
Dae.
VoT.
Sept.
Oct
J11I7-
Jane
Hay
Ipr.
Mar.
Te%
Oeneral Fund of the Treasury
Aesete. llabllltiee, and balance in General fund.
Analysis of changee in balance of Oeaeral Tund...
19
20
Publio debt and guaranteed obligations of United Statea Oovemment
Public debt and guaranteed obligstionBt
Detailed ttatement
riical yeare, 13'i3-\3Vi
Honthly data
2J-2U 2V2lt 23-2't 2V2U 2i-2U 23-2U 23-2U
2U-25 211-25 2U-25 211-25 26-25 2U-25 25-26 23-2U 23-2U 23-2U
26
26
26
26
2G
26
27
25
25
25
Chart
Public debt:
laauance and retirement (receipts EUid expendituree)
Intereit-bearlog debt, composition of
Guaranteed obligationa held by Treasury
27
27
22
22
22
22
27
27
22
25
22
2k
29
26
26
27
25
Debt position of United States OoTemment under limitations inpoee^ by
Section 21 of the Second Liberty Bond lot, as amended:
March 3I 19Wt
June 30, l^m
September 30 19Wt
December 3I I9UI1
26
,
2K
28
,
,
Computed interest charge and conputed Interest rate
27
27
Maturity schedule of intarest-beariO£ public marketable securities issued
or guaranteed by the United States
32
Disposition of matured marketable issues of Treasury bonds, notes, and
certificates of indebtedness
33
Offerings and maturities of Treasury bills
Treasury notes - tax and savings series:
Sonmary of salss and redemptions, by seriee
Sales, classified by:
Denomination
Type of purchaser
United States savings stamps:
Summary of sales and redemptions
Sales, classified by:
Denomination
States
27
27
29
26
31
32
31
31
33
32
33
32
32
31*
30
3^35
,
27
26
27
26
26
29-31 28-30 26-30 29-31 28-30 28-30 30-32 27-29 27-29 28-30 27-29 27-29
Offerings of marlcetable issues of Treasury bonds, notes, and certificates
of indebtedness
United States savings bonds:
Summary of sales and redemptions by series
Sales by series, classified by denominations
Sales to Investors other than oommercial banks by series, classified
by States
Bedemptions of Series A-D and X by States
Payroll savings plans
27
32
33-3"* 33-31* 3l*-35 33-31* 33-31* 35-36 31-32
30
31
30
31-32 32-33 31-32 31-32
36-37 35-36 35-36 36-37 35-36 35-36 37-38 33-3U 33-3U 3U-35 33-3U
3«
38
36 35-36
37
37
37
37
39
35
35
39-I10 38-39 3»-39 39-1*0 38-39 38-39 UO-Ul
Ul
Us
"in
"uo '"ui
'"ito
'"mo
"U2
1(2-1*3 <0-l*l 1*0-1*1 1*1-1*2 1*0-1*1
Uo-Ul
1*2-1*3
1*1*
1*2
1*3
U2
1*2
1*1*
1*2
1*3
1)2
1*2
uu
UU
U5
1*1*
U3
1*3
1*5
uu
1*3
1*3
30
3>3U
36-37 36-37 37-38 37-38 36-37
38
"38
'"39
"39
38
38-39 39-Uo Uo-Ul Uo-Ul 39-UO
U2
U2
U2
us
Ul
Ul
Ul
U3
1*3
U2
Ul
U3
Uo
UO
Ul
Ul
U2
U3
Ownership of United States Oovemment securities
3ujim:ary
distribution, by holders
U5
U6
U5
U5
U6
U5
Estimated ownership by various classes of bank and non-bank investorsMarket transactions in Government securities for Treas\iry Investment
accounts, monthly beginning January 1937
Treasury Survey of Ownership:
Ownership by banks and Insurance companies:
Bovember 30, 19U3
December 3I, 191*3
January 3I 19Wt
rebraary 29, 19'''»
March 31 19UU
April 30, ISVi
May 31, 19W
June 30 19UU
July 31 19UU
August 31 I9IA
September 30, 19W:
Hevleiona
Original data
October 31, igW
Hovonber 30. 19'tU
52-57
U6-51
52-57
U7-52
52-57
52-57 U6-51
U6-51
.
,
U5-U8
U9-52
U7-50
.
U7-50
,
US-51
.
53
U7-50
U7-50
1*9-52
Reclassification of data on banka, monthly Vovenber 50, 19^3
through rebruary 29, 13^
Ownership by varioue classes of Tederal Reserve member and nonmember
eosnercial banks:
December 3I, 19U3
June 30. 19I1U
(Continued on following page)
52-57
58-63
51-5U
Treasury Bulletin
Ill
Cumulative Table of Contents
-
(Continued)
February
1945
A-l
Treasury Market Financing: Refunding of February 1 Certificates
and Ck)iranodlty Credit Corporation Notes
Refunding
Issue of guaranteed securities offered to the
general public, as the Treasury, In October ig^H,
adopted a policy of financing Government corporations from the proceeds of the Issuance of public
debt obligations, and of Itself holding the obligations of the corporations.
On January 22, 19't-5. t^ie Treasury announced
exchange offering for the Issue of 7/S^ certificates of Indebtedness maturing February 1,
igl)^, and for the 1-1/8% Commodity Credit Corporation notes maturing February I5, 19'*5Holders
of these two Issues were offered new 7/8%, oneyear certificates of Indebtedness to be dated
February 1, 13^3, and to mature February 1, l^kG.
Subscription books for these exchangee opened
January 22 and closed January 24-, except for
holders of ^100,000 or less of the maturing securities, for whom the books closed on January 27.
Treasury Bills
The maturing certificate Issue, outstanding
In the amount of $^,0>i8 millions, was one of the
securities Issued In the Fourth War Loan.
The
Commodity Credit Corporation series G notes, outstanding In the aunount of #1<-12 millions, were
This was the last
Issued In the summer of 19'U.
Weekly offerings of Treasury bills during
January 13^3 Included one issue of |1,200 raillions and three Issues of |1,300 mlHions,
At
this rate, new Issues of bills
Just balanced
weekly maturities.
No new money was raised by
the Issuance of Treasury bills during the month
of January.
an
Exchanges of the maturing securities were
made par for par, with an ad.lustment of interest
as of February 1 In the case of the Commodity
Credit Corporation notes.
Febnary 1945
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(In milliotte of dollars)
7irBt 6 months,
fiscal ysars I9U3 to l^U^
Couplets fiscal years, 19U2 to I9U6
Istlmatel 1/
Actual
19^-i
191*4
Changs
191*
igits
to
19't2
19U5
19U3
19W»
19U5
19ll£
Change
Actual EstimAts4
19Wt to
19't5 to
istlmated sstlmatsd
19't6 1/
I9h5 1/
Rscelpts:
Tntemal revenue:
Income and profits taxes 2/
Shployment taxes
Miscellaneous Internal revenue 2/
't.931
15.387
15.060
-327
7,960
16,091*
655
35.056
31.022
1*01
-l*,03i*
669
80I*
850
*ii6
1,186
1,1*98
1,739
1.791*
2,056
*55
+262
2.1)01*
2.797
3.653
855
3.81*7
It.
553
5.291
6.551
6.520
+1.260
-31
210
160
-U9
389
321*
1*31
326
326
-105
156
l.USO
1.25>*
-226
2S6
916
3.292
3.296
2.930
1*
8.298
20.677
20.977
299
13.66s
23,385
1*5,1*08
1*7,023
U2,855
+1,611*
529
636
663
+27
869
1.103
1,260
1.293
1,600
+3U
+307
+272
12.799
22,282
l*l»,ll»9
1*5.730
1*1,255
+1.581
-l*.i*75
Customs
Other receipts U/
Total receipts
31*.
-366
Less:
Amounts transferred to Federal Old-Age
and Survivors Insurance Trust Tund ^.
Net receipts.
Expenditures:
7.769
20,01*2
20,311*
6/
War activities:
19.980
2U.219
2U.183
-36
1U.070
1*2,265
1*9,21*2
1*8.1*97
38.999
-7U5
-9.1*98
Savy Department
8,227
U.983
15,052
+3.070
8.580
20.888
26,538
27.900
22,000
+1.362
-5.900
Kiseellaneous war activities
3.908
5.662
l*,917
-71*6
3.362
8.955
11.259
10,1*69
7.003
-790
-3,U66
I.I3I*
1.398
+1.131*
+26l«
87.039
88.000
69,1*00
+961
-18. 600
War Department
Anticipated si^plemental appropriations.
Total war activities
32. Ill*
1*1.
86U
1*1*.
152
+2,287
26,011
72.109
Veterans' Administration J/
301*
310
586
+276
556
602
730
1.290
2.705
+561
+I.UIU
PulJlic Works 8/
312
2U9
183
-66
680
51*3
U33
1*61
336
+28
-125
Aid to agriculture 2/
523
388
196
-192
1.225
1.163
909
632
571*
-277
-58
Social security program 10/
U3U
1*75
500
+25
659
735
8O3
871
765
+68
-106
218
9
2
-8
97011/
299
17
•
•
163
18
•
3U7
+3U7
131*
1,068
1,068
+931*
968
353
873
901
1,070
2,21*9
2.835
+1.180
+586
1.1*93
393
1,260
1,808
2,609
3.750
I*.
+750
Vortc
Projects Administration
Civilian Conservation Corps
-5
Sxcoss profits tax refund ^onds 12/.
Othsr 12/
,
Interest on the puhllo deht
1*89
615
717
1.100
Anticipated supplsmental appropriations.
-17
500
+1.11*1
590
31*7
+590
-2U3
Total expenditures 6/
35.107
1*5.011
1*8.1*26
+3.1*15
32.397
78.179
93.71*1*
98.912
82,530
+5.169
-16.382
Uet budgetary deficit 6/.
27.337
2U.970
28.112
+3.11*2
19.598
55,897
1*9,595
53,183
1*1.
276
+3,588
-11.907
Source:
y
5/
Actual receipte and e^endltures coma froio Dally Treasury Stat^
mente; eource of eetlmated figures le es^lalned in footnote 1.
Lees than $500,000.
BaBCd upon estlmatee ae shown In the I9U6 Budget. Classifications
herein are baeed x^ion data suaceptltile of segregation according to
Dally Treasury Statements and will not neoeesarlly agree with claaslflcatlone in Budget dooument.
Includes unjuet enrichment tax and taxes withheld by enftloyers under
both the Revenue Act of 19U2 and the Current Tax Payment Act of 19U3.
7or details see following ch^ter on Becelpts and Expenditures and
Approprlatlone, Table 2.
Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers' and retailers' excise taxes, and estate taxes.
Includes deposits resulting from the renegotiation of war contracts.
Information on the amount of such deposits is not available on the
basis of Dally Treasury Statements. On the basis of covering warfiscal year 19^3' ^558 milrants, such deposits were ae follows:
lions; fiscal year igUU, $2,235 millions, of which $113 mlUioas
represented a voluntary return of excess profits. Budget eetlmatee
of such deposits for the fiscal year I9U5 are $1,685 mllllono, and
for the fiscal year I9U6, $952 millions,
for explanatlon» see tables in next chapter on Social Security program.
b/
1/
8/
Sixcludea e^qpenditures for public debt retirements which are charge^
able to the sinking f\md, etc. under epeclal provisions of law.
Includee expenditures classified as transfers to trust accounts.
etc., for the Adjusted Service Certificate Fund and the National
Service Life Insurance Fund.
Includes Public Vorks traneactlons classified as Bevolvlng JTunds
(net).
^
Includes Aid to agriculture transactions classified as Revolving
Funds (net); expenditures of the Department of Agriculture classified as Departmental In the Dally Treasury Statement; and Office of
Distribution traneactlons classified as transfers to trust accounts,
etc.
10/
Includes expenditures classified ae transfers to trust accounts, etc.
for the Railroad Retirement Account and the Railroad Unemployment
Insurance Administration Fund.
Sxcludes expenditures made by Office
for Sinergency Kanageraeut War Manpower Commission (U. S. Einployment
Service) under authority of the Social Security Act.
Includes Hatlonal Youth Administration,
Represents trsLnsfera to public debt accounts for excess profits tax
refund bonds.
Includee depEirtmental expendlturee not otherwise classified and expenditures classified as transfers to trust accouate, etc.
for Government employee retirement and Insurance funds.
,
11/
12/
1^/
,
February
1945
Public Debt and Guaranteed Obligations Outstanding
(In millions of dollars)
Treasury Bulletin
RECEIPTS
AND EXPENDITURES
AND
APPRO PRI AT IONS
February
1945
Budgetary Receipts and Bxi>endltures
Table 1.- Suranary by Major Classifications
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(In allllaat of dollara)
Dlreot and wox4c relief
riical 7«ar
or month
Total
Tatorant
Admlnlttratlon
1/
2/
lid to
Public
Vork( apiculture
sj
y
2/
U/
Social
Security
proffraa
2/
5/
Vork Projeota
Adnlnlstratlon
and national Toutb
Adainletratlon
6/
679
685
930
966
988
866
1.237
federal Ikaerjgency Relief
Adnlnlatratlon
and ClTll tforka
Adnlnl •tratlon
ClTlUan Intaraat
Conaarvation
Coipa
on tha
public
dabt
U36
821
7U9
866
326
290
926
9U1
517
283
258
223
200
191
283
257
163
18
1,01a
1,111
1,260
1,808
2.609
5lt6
227
692
220
197
328
25
'•97
61
10
58
lU
1
36
'I
1A9
62
5U
70
"3
53
U5
77
581
65
91
33
96
15U
131
112
132
560
ig"*
7.055
wui
6.
i9Uz
19U3
5.9«6
5.595
6.188
557
553
555
572
629
890
715
669
19U3- December.
7110
51
'»3
55
I9IA- January
February.
1)00
52
52
55
37
86
92
99
32
25
21
100
102
59
33
75?
3t
29
62
30
30
5U
86
36
19m
.
.
3U2
March
795
i^jrll
U79
387
1,018
55
1*58
63
May
June
July
August
September.
U92
911
October. ..
HoTember.
December.
500
tl2
895
.
Soxirce:
y
5/
.
.
P
60
31
70
73
7lt
35
25
30
Ituraa
1)86
1.S31
U95
-1
U
2
557
578
581
582
557
335
1,26U
1.896
1.U72
3'»7
2,2l(0
1.5li6
1,006 10/
1,091
1.052
950
a^qpand-
2/
5.900
5.935
«.U37
5.8SU
7.221
as
mental
8/
Other
general
1/
1935
1936
1937
1938
1939
803
670
900
Other
lap art-
1.572
I.37U
970
299
17
^-
5?9
117
36U
ll2U
a6
19
30
23
51
68
UO
31
33
63
66
Dally Treasury Stateaente.
Less than $9X}.000.
Includes public works undertaken tiy the Veterans' Administration.
Does not Include expenditures for (l) revolving funds or (2) transThese are shovn in Ta1)le ^.
fers to trust acconnts, etc.
Includes public bulldln^B, puhllc highways (including forest roads
and trails), rlrer and harbor work and flood control, Tennessee Talley Authority, Tederal Public Housing Authority (formerly U. S.
Housing Authority), reclamation projects and the Public Works Administration. Excludes certain expenditures for public works In connectlon with war activities by the Tederal Works Agency, beginning
July 19^1.
Consists of YanD Credit Administration, federal Tana Mortgage Corporation, Federal land banks, Sural Zlectrlflcatlon Administration.
War Tood Administration, and Department of Agriculture departmental
expenditures.
(War Tood Administration comprises Agricultural Adjustment Agency, farm Security Administration, Office of DistribuSoil
Conservation
and Extension Service, and Other).
tion.
Includes railroad retirement and railroad unemployment activities
and excludes ejqienditures made by Office for Itaiergency Management,
War Manpower Commleslon (U. S. Iteployment Service] under authority
of Social Security Act. ?or further details, aee tablee which fol-
6/
Jj
S/
2/
10/
101
low on the Social Security program.
Work Projects Administration was formerly Works Progress AdministraBeginning with July 19^2, expenditures for the Katlonal Touth
tion.
Administration are classified as "wsur activities expenditures".
Includes expenditures of the Beconetructlon finance Corporation for
relief through loans and grants to States, municipalities, etc.
Xxcludes eipenditures for the TT. 3. Maritime Comlsslon. departmental
expenditures under the Social Security program and the Department of
Agriculture departmental expenditures.
Office of Iducatlon, and
Includes expenditures for the following:
Public Health Service of the federal Security Agency; refunds of
taxes and duties by the Treasury Department; Post Office Department
postal deficiencies; federal Housing Administration; Treasuzy Department investments In federal savings and loan associations; certain expenditures of the Panama Canal; and capital stock of the federal Deposit Insurance Corporation, Home Owners' Loan Corporation,
federal home loan banks, and Disaster Loan Corporation.
Oroae expenditures have been reduced $l60 millions representing the
repayment of capital funds by certain United States Qovernment agencies,
for further details see "Treasury Bulletin" for June I9U3,
page 9i footnote 12.
Febrtuuy
1945
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War Activities
(In mllllont of dollars)
MiscellansouB war activities
War
Navy
Depart- Department
ment
Fiscal yeer
or month
273
383
378
U32
U90
U36
529
557
596
673
-21
667
3,678
070
U9,2U2
892
2.313
8,580
20.588
26,538
99
310
3.362
8,955
11.259
3,giu
2.050
827
170
2,082
2,757
2,281
886
969
983
ISlt
2,262
2.536
2,636
682
982
798
iS
15
21
13
7U0
8U5
870
-3
161
112
19
17
15
19351936.
193719381939.
1.657
6.301
26.011
72.109
87.039
19MO.
19U1.
I9te.
19U3.
19U3-D©cember
6,718
igW^^snuaiy.
7.138
7. 518
7.726
February
March ....
lit,
112,265
3.792
It.Wl
April.
May.
June.
7.3''6
l».l60
7,879
7.567
i*.33't
July
August ....
7.201
7.571
6,998
lt,0S7
3.905
2.591
2,502
2.295
7.'t79
i*,09i
2,61(8
.
7.'«ll
.
7.503
3,978
U,19U
2.lt39
.
Septemlier.
October
HoTember
December
. .
Total
igrlculNational Selective!
mlacelFederal Federal
Treasury
ture
HouBlng Service
laneouB
Security Vorks
DepartDepartAgency
(adminiswar acAgency
Agency
ment
ment
ly
trative)
tivities
U,lo6
3,928
2,577
sion
Admin.
-6
1
1
hH
Wi
99
62
lU
297
6O8
539
21
39
U2
188
IS
17
16
92"*
22l»
11
1,010
825
205
219
21
696
2.011
2,lU3
lUo
56
153
133
(1)
2U
519
1,201
1*5
62
215
228
Table 5.- Analysis of Expenditures for
2/
-21
-12
-6
-12
7
Source:
Dally Treasury Statements.
Back Figures: Monthly figures for the period July 19U0 through April 19U3
appeared in the "Treasury Bulletin" for May 19^3, page 7•
Less than $500,000.
1/ Includes war public housing functions.
2/ Similar Items for periods prior to fiscal year I9U1 are classified under
Incltides
Other departmental and Other general expenditures in Table 3<
51
132
200
UO
108
382
795
991
1,1*32
929
2.776
3.812
1.105
1,922
108
356
16U
82
38
38
125
127
97
308
331
153
182
165
87
71
82
35
31
28
130
118
188
11*9
90
81
106
22
121*
152
102
110
118
12U
lU
386
51
191
201
130
372
335
19l(
326
llt5
298
312
152
183
IS"*
122
97
102
71
iS
97
war expenditures of Commerce, Justice, Interior, Labor, and State
Departments; Civil Service CoomileBioni Executive Office of the
President (including: Office for asergency Management); Panama Canal;
and capital stock of Smaller War Plants Corporation.
Includes Defense Aid Special Fund through the fiscal year 19^3; thereafter such
expenditures are reflected within the respective departments.
Revolving Funds and
(in millions of dollars)
Fiscal year
or month
United
Other war
Nations
activiAid Belief
and
ties
to
Rehabili- expendiChina
tation
Admin,
tures
United
Var
States
ShipMaritime
ping
Commis-
(2)
Transfers to Trust Accounts, Etc.
Treasury Bulletin
a
Budgetary tteceipts and Expenditures
-
(Continued)
Table 6.- Totals by Months, Beginning with 1935
(In millions of dollars)
Calendar year
February
1945
BUDGETARY RECEIPTS AND EXPENDITURES
1940
1939
1942
1941
1943
1944
DOLLARS
DOLLAI
Billions
Billion
Net Budgetary Receipts
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
9
Budgetary Expenditures
8
7
6
ji
5
^
3 Month
4
Moving Averagei^'r^
3
2
I
miiliimiliimiiiiri
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
7
Net Budgetary Deficit
Negative figures represent
t^et
Budgetary Surplus
6
N
v
5
>
4
J Month
Moving Average.
3
2
I
Iwrlhill.iiifTr-tiTh-rlflllTfil
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJ
1
I
I
I
I
I
I
I
1939
I
I
I
ill
I
I
I
I
I
I
I
1940
I
I
I
1
h
1
1941
1
1942
I
I
I
I
il
I
1943
h
I
I
I
I
I
I
I
1944
I
S
I
I
N
I
I
Treasury Bulletin
10
Truet Accounts, Etc. Receipts and Expenditures
Table 1.- Trust Funds
(In BllllonB of dollars)
Flical year
or moath
19351936.
19371938.
1939-
Total
trust funds,
net receipts (+
or net expenditures (.}
19
11
29
Federal Old-i^ and
SurrlTors Inaurance
Trust fund
Receipts
1
1
3
10
9
Unemployaent
Trust ^ind
Szpendltures
267
Uoi
529
Receipts
12
1
1
19UV
37
37
66
92
19UU.
1U8
6
6
1,185
1.357
3
19U3-BecegA>er.
-262
-292
295
+in
19UU-Januar7.
February.
March. . .
+50
+150
-aDl
+28
U
-1)0
+131*
116'
-158
161
-3
-3
+120
+282
-355
+15
+289
-313
kik
+102
+282
-308
+1*5
5
+1*
+273
-293
18
298
-lU
-2
+112
+257
-282
*?*
+Zk6
-305
19
19
309
+30
-29
igUo.
igui.
igUa.
April.
t4ay. ..
June.
July
Au^st
. . .
September.
October...
lIoTember.
December.
577
707
931
16
17
-6
+9
-8
+2
1
X^^ndltures
Railroad
Retirement Account
Receipts
lExpendl-
tures
Other
trust accounts 1/
Receipts
Rxpendltures
1945
February
11
Means of Financing Cash Requirements
(In millions of dollars)
Aoonnt required to be financed
?iecal year
or month
Total amount
required
to "be
financed
Net
tiu dietary
deficit
1/
Het Increase
In General
I^ind balance
I^eans
Net
expenditures
In trust
accoxints,
Total amoujit
financed
of flnaadne
Increase in
public debt
etc.
Net decrease
In General
Hind balance
if
3.209
5.390
3.1U9
1,38U
1935
1936
1937
1938
1939
U,l61»
3,611
igijo
3.611
5.103
19.598
55.897
307
%.595
2.3S3
1.716
WS
U,823
5.359
1.952
2}
191*
61*,
5. 991+
igWi-J'amiary.
Febniapy.
April
Hay
1*.772
June
July
August
September.
.
.
.
October..
No'v -inber
.
Dece iber
.
Source:
1/
2/
12.
i».l57
I-tarch
1,381*
3.5't2
Ml
19U1
i3hz
19lt>.SsceDber.
3.209
It. 550
3. 169
i/
3.209
5.390
8l*0
3.11*9
622
5,3U2
'».772
5.31*2
2.37s
11,61*6
7.703
5.551
5.91*7
1.756
2,214«
2,001*
6,023
5.587
15.626
6,023
5.587
2.999
71*0
1*,161»
3.275
821
312
128
33s
371*
947
136
2.528
5.991*
23.1*61
64,271*
307
64,307
667
2.383
-281
2.664
11*
'*,837
12,
4,781
12,44s
1,608
2,51*9
173
2.205
61*.
W?
It,
157
,31*2
613
r^'
.637
252
1.399
14,637
2l*l*
2,21*8
7.570
1.229
-307
193
6,023
5.587
15,626
15,626
7.703
5.551
5.551
Bally Treasury Statements.
Excludes amounts for public debt retirement which are chargeable to
the elnklng fund, etc., under special provisions of lav.
Comprises trust accounts, checking accounts of Goveminent a^ncies,
2,61*6
1.381*
1*.772
12.1*33
7U1
5.078
3,611
11*8
3.506
1.861
*.05i
lfi.637
1,61*8
5.991*
23.1*61
64,271*
71*2
358
6,515
10,662
6,916
Het
receipts
In trust
accounts
etc.
748
l*.76l
306
890
55
3,757
193
185
i*.252
133
70
1*.327
2,555
5,127
188
l48
639
etc., increment on gold, seigniorage on silver, and miscellaneous
funds and accounts.
Increment on gold excludes erpendltures for
national bank note retirements.
Treasury Bulletin
12
Social Security Program
Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(in mlllloni of dollare)
Recalpta
Orose recalpta
Social Security taxes
TlBCal year
or month
Total
Tederal Inanrance
Contrlbntlons Act
(Old-a^e Insurance)
federal Unemployinent
Tax Act
(thieoployment Ineurenee)
1/
1936
1937
1938
1939
19U.1
60lt.lt
5lU.i»
530.U
19't3
631.2
712.2
78S.2
1.015.6
1.288.9
19IA
1.1*72.0
19U1
I9te
19l*3-DBceml)ep..
ig^li-Jamiary,
.
Felmiary.,
Harch
April
Hay
Jnne
July.
.
. .
•
. .
•
690.6
895.6
1.130.5
1.292.1
-12.8
503.0.
537.7
661.3
868.9
,103.0
.259.5
128.2
217.1*
17'».5
126.9
II46.7
185-9
212.5
k.S
3.7
1.1
1.1
3-8
33.8
252.2
u.u
lU.S
116.5
3.6
31.8
250.2
2.U
16.2
118.5
5.6
3«.i*
35.1
309.
5-1
31.7
306.0
1.7
6-7
17.7
1.1
^7
58.6
278.5
U.9
Becem^r..
265.0
387.0
U«.l
368.7
8.0
September.
Octolier...
HoTemtier..
2/
57.8
90.1
100.9
107.5
97.7
119.9
158.
179.9
6olt.7
323.6
6.2
ibi^ust
Bat
receipts
2/
25a.
19I10
Lets amounts credited to
Federal Old-A^e and
Surrlvore Insxirance
Trust Fund
51.8
293-3
3.8
2.9
11.7
55.U
267.3
k.o
3.2
11.2
.7
.9
U9.3
290.8
l.U
llt.2
53.6
265.5
2.1
5.0
13.0
2.8
?•*
3.1
E^endlturefl
Orants to States
Admlnletratlve
expenses
Aid to
01d-a«e Aid to
asslst- dependent
the
children
blind
1936
1937
1938
1939
28.U
182.7
332-5
19I40
381*. 2
Itl*9.U
3'*3.3
.6
15.8
20.0
21.3
25.3
50U.U
527.2
52U.2
31.5
31.5
33.3
32-1
19i*3-])ecejil)er..
2I1.I
2.8
igUlt-Jaanaiy...
Teljniary..
58.8
2.2
2.7
2.8
191*1
19U2
19't3
191*1*
March
m
April
May
June
32.3
2.7
2-9
2.8
37-6
2.U
-1.8
Septemljer.
3'*-9
6.1
Octoher.
NoTemher..
December..
50.1*
2.8
2.8
2.7
July
53.1
Au^et
. . .
.
Source:
•
1/
2/
Public
Eealth
Serrloe
Social Security Board
riBOal year
or month
39.3
32-9
27.8
166.9
271.5
320.3
356.5
1*15.2
1*69.6
1*91.1
1*88.0
19.7
12U.8
182.2
208.8
227.6
260.1
299.1
316.9
360.6
18.2
Unemployment compensation
administration
2.0
1.0
l)».3
l*.6
9.1
25.5
31.0
5.2
1*1.9
U5.1*
6.2
63.2
7.1
69.1*
8.0
8.5
10-3
67.3
57.0
2.1
.5
56.1
35-2
6.2
1.1
30.1*
21*.
'*.7
32.3
26.U
3.0
-7
.0.7
35.6
Publlo
health
work
Efaiergency
Management
Maternal Services
and child
for
health
crippled
serrlces children
Child
welfare
services
War
Manpower
Commission
(U.
Refunds
of
taxes
Srcess
of
e^endltures
5/
S.
Shtployment
Service)
2.U
7.8
.9
8.9
8.0
58.9
58.3
63.0
70.3
55.1
36-3
9.1*
10.8
11.1*
10.7
10.0
1.0
3.1
3.8
u
5-5
5.9
6.5
6.2
.6
2.1
2.7
3.0
u
3.8
3.8
28.1*
.2
1.0
Ui.o 6/
1.8
1.1*
1.5
1.5
1.6
1.6
1.1*
20.7
1.3
2.6
3.5
2.8
U.2
195.5
115.1
215.1
209.7
322.5
357-8
3U1.3
311-7
20 .U
2.2
9-7
.6
.2
1.6
•3
.2
Us.
.5
.3
.2
-85.2
29.8
.1*
1*6.9
.2
.3
.9
29.0
25-1
5.3
5-5
2.7
1.0
-7
•
.1
.3
.7
.1
25-9
27.8
50.3
38.8
28.3
30.6
31.8
22.9
5.6
5.0
3.5
1.0
9.6
3.1
.2
.2
.1
.2
.2
.3
.5
.1
•9
.7
.2
.2
1*7.8
23.1*
1*6.9
30.0
29.1
25.0
1.1
7.0
1.0
2.2
.u
.U
1*5
.2
.1
.5
.3
.3
.3
26.8
30.1
^
31.1*
36.3
29.6
3.2
2.2
.9
.7
.7
Dally Treasury Statements.
Less than $50,000.
Formerly Title VIII of the Social Soeorlty Act.
Formerly Title IZ of the Social Security Act. Includes aaoante ec^oal
to appropriations to Ballxoad Unemployment Ineoranee Administration
I\ind equivalent to amounts of taxes collected with respect to the
period from Jannary 1936 to Jone 1939 IncluslTe. from employers su1>Ject to the Ballroad Unemployment Insurance Act (See Table 3 of Section I).
Prior to January 1, 191*0. figores represent aaonnts transferred to
the Old-^Age Eeserve Account,
from Jsnnajy 1 to July 1, 191*0 "transfers" irere made to the Federal 01d-.A^ and SurvlTors Insurance Trust
Fund.
Subsequently receipts hare been deposited in the Oeneral Fund
of the Treasury and "appropriated" directly to the Federal Old-^A^
and SuTTlvors Insurance Trust Kind. Amounts shown as transfers reflect deductions made for reimbursement to the Oeneral Fund account
to cover administrative expenses, which are shown as e^qiendltures in
I*/
•
^
Office for
Department of Labor
5/
6/
31.8
.U
Section II. Table 1.
Includes only expenditures from appropriations made specifically for
administrative expenses relating to the Social Security Actt namely,
Social Security Board, Department of Commerce, and Department of
Labor; and administrative expenses reimbursed to the General IWid of
the Treasury under Section 201 (f ) of the Social Security Act, as
amended. Beginning July 1, 19l*0, includes also administrative expenses under the tfa^er-Feyser Act. Excludes administrative expenses payable from other appropriations, principally for the following agencies: Bureau of Internal Bevenue of the Treasury Department, and Public Health Service and Office of Education of the Federal Security kgeacy.
Covered by appropriations by Congress.
Second Deficiency Appropriation Act, fiscal year 1938, appropriated
$1*1 millions for refunding to certain States portions of Federal employers' tax for 1936 collected under the Social Security Act.
1945
February
13
Social Security Program
(Continued)
-
Section I.- Budgetary Receipts and Expenditures
-
(Continued)
Table 2.- Railroad Retirement Act
(In
alUlou
of dollart)
Sacaipta
Tlscal year
or Bonth
1936
1937
193«
X939
Xqpendlturet
Carrlara' Taxing
Act of 1937
AdainlatratlT*
e^Mioaa
Total
•3
igw
191*1
igua
i?"*?
19*
•3
1-5
ISO.I
109.3
121.0
136.9
170.0
a08.8
267.1
11(9.0
li(«.5
220.2
265.3
52.9
191114-JazniflTy ,
1.2
U.l
58.6
3>».l
.1
.It
3^.7
.
February .
March. ....
April
Hay
Jtme
Au^at ....
September.
October
November.
December..
•
2/
•3
1.2
-l.l
107.1
120.7
.7
2.3
-8.7
-21.6
ll.U
-1.8
12lt.U
1I1O.9
a>«.8
262.7
-52.5
3U.0
32.9
-3.9
-58.4
.2
l.U
lU.S
5S.9
3U.3
3U.5
:H:f
205.0
20lt.S
20?.
-14.
.1
.2
-56.7
32.7
-lU.2
-55.1
3't.o
31*.
. .
1/
Ezcaaa of
expenditure
llt6.U
.2
.2
July
Source:
Refunde
of
tazaa
•3
2.6
2.9
2.6
3.8
7.6
5.U
2.5
110.0
123-3
128.2
19l(>DBC9inber..
Transfer a to
Railroad Batlramont Iceoxmt
(tniat account)
.2
.2
55.2
Bailj' Treasury Statements.
Lees than $50,000.
Includes only expenditures from appropriations made apeclflcally for ailmlnletratlTe expenses relating to the Bailroad
Batirement Act.
Corerad by eppropriatlons Aroa the Oeneral Itmd of the Treasury.
S/
Table 3»- Railroad Unemployment Insurance Act^
(In mtlliona of dollars;
Xqpandlturas
Raoalpts
Fiscal year
or month
AdffllnlstratlTa ax-
Bailroad nneoploymant losuranca
contributions
penaas (Bailroad
Unamployment Insurance Idffliaistratlon
^lnd)
2/
y
1936
1937
1938
1939
.5
igitj
H.9
6.8
8.5
10.3
191A
12.
i9te
19U1
i9te
19U3-December
.
19Ul^.January.
.
April
May
June
July
6.0
11.7
-2.1
-2.1
2.7
-d
.3
.3
.3
.2
.3
-3.2
.3
.3
.7
2/
3-2
.3
.3
9.0
1/
2.5
2.2
5
.1
U.l
-2.5
September.
•
•
7.5
.2
Au^st ....
Source:
5
3.'»
5/
y
5.0
5.0
10.9
6.U
8.2
1U.9
Bxcass of
ezpendltuxea
.3
Febroary.
March
October. ..
NoTember .
December.
•
Transfers to Railroad Unaiq>loyitent
Znsuranoa Account,
Uhanployvent Trust
rand
8.9
.3
.U
.2
.3
-2.9
.1*
3.2
Bally Treaaory Statements.
Less than $50,000.
Operated as Bailroad Unemployment Insurance Administration
Tond.
Represents lOjf of contributions under the Railroad Unamployment Insurance Act; the remaining 90^ le deposited In the
Railroad Unemployment Insurance Account, Unemployment Trust
Tond (See Section II, Table 3)> Bxcludes amounts appropriated
to Railroad Unemployment Insnrence Administration Pond equiva^
lent to amounts of taxes collected for the period January 193^
throng June 1939 from employers subject to the Railroad Unemployment Insurance Act. These amounts aggregate $17*7 ndlllons
8.S
-2.6
2/
U/
5/
and vere distributed by rt*! tmi\t>r years, as follows:
1$3^, $2.7
millions; I937, $5.3 millions: 1938. $6.8 mllllone; and for the
first six months of the caleodar year 1939, $2.9 mllHone. These
amounts are Included in Table 1 under Federal Unemployment Tax Act
(unemploynent Insurance).
Includes only expenditures from appropriations made specifically
for adnlnietratlve expenses relating to the Railroad Unemployment
Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance
Administration Tond (under Act of Oct. 10, I9UOJ.
Covered by appropriations by Congress.
Treasury Bulletin
Ik
Social Security Program
(Continued)
-
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi^
(CumulatlTe from organization - In Billions of dollars)
Expenditures
Bocelpts
of fiscal
year or month
fiid
1936
1937
1938
1939
191(0
19Ul
191(2
191*3
19W
19Ul(-0ctober..
November.
December.
ce:
•
1/
Total
receipt s
Appropriations 1)7
CoD^rsss
267.3
7«2.7
1.199.6
1.792.1
2.536.2
3.502.8
U. 720.7
6,116.0
265.0
765.0
1,155-0
1,705.0
2.393.1
3.288.8
6,52U.O
6.791.U
6,797.9
6,115.6
6,383.0
6,387.0
u,
1(19.
5. 711. It
investments
2.3
17-7
Total
expenditures
5-1*
UU.fi
19.3
87.1
lUj.l
ZLk.l
1.5
138.6
275.6
i(7.I»
W*.7
1*52.
1(08.
l(0g.l(
751.2
772.0
793.2
1(10.9
669.6
Old-age
benefit
payments
5.U
19.3
35.1
99.5
209.8
359.1
5U3.7
616.0
635.0
65l(.2
1^17 Treasury
Statements.
Less than $50,000.
Includes transactions effected under the predecessor Old-Age
2/
Investments
In Oeneral
Tnnd
268.
267.1
662.3
1.177.2
1,738.1
2.38O.6
3.201.6
4.236.8
126.0
5, 1(1*6. i»
5.1(08.9
7.0
15.1
135.2
137.0
13S.9
5.772.8
6,019.3
6.00U.7
5,676.8
5,676.8
5,966.8
69.3
313.8
8.5
267.2
777-2
1,180.3
12.3
39.1
65.9
93-"*
1,711^.7
2,397.6
3.227.2
I*,
In disbursing
officer's
account
.1
.1
113.0
1-9
3.0
6.1
10.8
.1
d
5.2
Beserve Account.
Under Section 201 if) of the Social Security Act amendments
of 1939.
Table 2.- Railroad Retirement Account
(CujBulative from organisation - In millions of dollars)
Ind of fiscal
7ear or month
Une^ended balance
Reimbursement
for
adainietratiTe
expenses 2/
20.
2U.5
21.
26.7
28.7
29.
1(
February
1945
15
Appropriations and Net Contract Authorizations for the War Activities Programi/
As of December 31
1944
,
Sate
approTed
Pabllo
Lav ITo.
Title of act
Appropriations
77th CoDgreee. Tlrat Seeelon
ret.
6. I9UI
Peb. 13, igiti
Mar.
1. igiti
Mar. 17, igUi
Mar. 27. 19U1
Apr.
1, 19U1
Apr.
5. 19U1
Apr.
5. 19U1
May
May
May
May
June
I
9
13
23
25
28
29
191*1
1*8
23. 191*1
2U, 191*1
71
73
88
135
136
139
6.
31, 191*1
28, 191*1
Jtine 28. 191*1
iTune 30.
July 1,
191*1
Joly
191*1
11*6
191*1
150
Aug. 25. 191*1
Oct. 28, 191*1
2l*7
HOT. 19, 19U1
Dec. 17, 191*1
Doc. 23, 191*1
295
353
371
3.
282
Joint Besolution (emergency ship construction)
Joint Reeolutlon (clothing and eqalpage - War Department)
Urgent Deficiency Appropriation Act. 191*1
Fourth Supplemental National Defense Appropriation Act, 191*1
Defense Aid Supplemental Appropriation Act, 191*1
First Deficiency Appropriation Act, 191*1
Independent Offices Approjirlatlon Act, 191*2
Fifth Supplemental national Defense Appropriation Act, 19l*l
NaTy Department Appropriation Act, 1942
War Department Civil Appropriati on Act , 191*2
Additional Urgent Deficiency Appropriation Act, 19l*l
Treasury Department Appropriation Act, 191*2
J>iBtlce, state and Commerce Departments Appropriation Act, 19U2.
Interior Department Appropriation Act, 19U2
Military Appropriation Act, 191*2
Lahor - Federal Security Appropriation Act I9U2
Second Deficiency Appropriation Act, 191*1
First Supplemental National Defense Appropriation Act, 19U2
Second Supplemental National Defense Appropriation Act, 19l*2:
(Title I)
(Title II)
Defense Bi^way Act of I9UI
Third Supplemental National Defense Appropriation Act, I9U2
Joint Resolution (War, Philippine relief, and defense housing)..
.
Total, 77th Congress, First Session
t
313.500,000
Vet contract
anthorlsatlona g/
Treasury Bulletin
16
Appropriations and Net Contract Authorizations for the War Activities Program^/
As of December 31, 1944 - (Continued)
Dete
approved
Public
Law No.
^proprlat ions
Title of Act
Net contract
authorlzatlone 2/
78th Congreas. Second Seealon
Tel).
ipr.
ipr.
lU. 19IA
1. I9UU
19IA
Hay 12, ISVH
June 22, igw*
June 26. 191A
June 27.
June 2S. 19'A
June 28, 19Mit
June 28, 191A
June 28. 19*
June 28, ISVk
June 28, I9l*i»
June 28, 19*
June 30, igU!*
June 30. 19'*U
It.
June 30, 19UU
Dec. 22, igUlt
229
279
288
303
3t7
352
358
365
367
369
372
'^?
37U
375
382
382
382
529
Joint Eeeolutlon Cfann labor and migration of vorkera)
riret Deficiency Jipproprletlon Act, 19I44
Public Law (Federal tforke A^ncy - public roade)
Joint Resolution (Labor Department ~ maternity and Infant care)
Haral Appropriation Act 19')5
War Department OlTll Appropriation Act, 19115
Independent Offices ^proprlatlon Act. 19^*5
Departments of State. Justice and Commeixe Appropriation Act, 19U5. .
Department of Agriculture Appropriation Act, 191*5
Interior Department Appropriation Act. 191*5
national War Agency Appropriation Act 191*5
Labor - Federal Security Appropriation Act 191*5
Military Appropriation Act. 19U5
Second Deficiency Appropriation Act, 191*1*
Defense Aid Appropriation Act 19l*5
United Nations Eelief and Rehabilitation Administration Participation
Appropriation Act, 19U5
Foreign Economic Administration ^proprlation Act. 19^*5
First Supplemental Appropriation Act. 191*5
$
Total , 78th CongresSf Second Session
$55,9l3.l79.9gU
31.359.200
170,221,080
$
1*0,000,000
30,000,000
6,700,000
27.569.798,301 2/
,
2. 771*.
931. "too r
1,1*51,81*0
1,208,168,571*
6.836.008.91*3
1*7.585.000
•
30.700.000
18. 111*. 200
2,500,000
1,030,937,21*2
.
218,611,829
.
15. 1*31*, 811*, 795
186,266,521* 10/
3,1*50,570,000
,
1,855,000,000 5/
1*50,000.000
19,750,000
60,000,000 5/
1*10,291,029 11/
$5.970,599.971*
SunnATsr
Total, 76th Congreee. Third SesBlon 12/.
$
^9.396,1*37.^50
Total. 77th Con^reBB, Flrat SoBBlon
Total, 77th CougreeB,
Second SoBelon....
Total. 7Sth Congrese, FlrBt SeBBion
Total, 7Sth Congress,
Second Seealon
Permanent appropriations and net transfers from other than var actlTities
approprlatlona IJ/
1/
2/
2/
U/
5/
HevlBed.
Coneieta of approprlatlone and net contract authorisations avallahle
(l) authorisations of the Heon and after July 1, I9U0. Excludes:
conetructlon Finance Corporation and its affiliates for war purposes,
and (2) une^^ended balancoe of appropriations on June 30, 19UO (except immediately availahle funds from fiscal year I9UI appropriations) aTBilahle for ei^enditure in the fiecal year I9UI.
Contract authorizations have been reduced by later appropriations
which were earmarked In authorizing acts for this purpose.
HepresentB the net amount of contractuEd authority that the Preeldent may authorize the head of any department or agency of the Government to enter Into for the procurement of defense articles. Information, or eervlcee for the government of any country whose defense the president deems vital to the defense of the United States.
Includes $9,693,525,500 appropriated for the fiscal year 19U2.
Une^proprlated contract authorizatlonB for the naval expansion progran are as follows:
Date esproved
6/
12/
67S.UOO.OOO
2.356,000.000
105,916,1+92,321
U.620.5SU.U02
55.913.179,98^
5.970. 599. 97U
237,356.826
$13.625.58U,376
-U67.872.8U6
Liquidations of 19UO and prior contract authorisations.
Tot^ ^proTed expropriations and net contract authorisations
$
139.736.203.988
$360,193,686,397
Total approTed
r
8.991+.015.828
1/.
$359.725.813.551
$13.625. 58U.376
February
1945
17
Cash Income and Outgo of the Treasury, by Major Classif icationsi'
18
GENERAL
FUND
OF
Treasury Bulletin
.
THE
TREASURY
February
1945
19
Assets of the General Fund of the Treasury
(In millions of dollars)
Sod of fiscal
Tear or month
lotal
Bullion, coin,
and ourrancT'
Deposits In
Fedaral Easerve
Sanies
20
Treasury Bulletin
Analysis of Change in Balance of General Fund of the Treasury
[ill
mllllone of dollars - Het Increase or net decreas*
(-)]
Workir« balance
Change during fiscal
year or month
Total
change in
General
Tund
balance
Total
worlEing
balance
Public dabt
accounts
2/
-7UI
-7696/
gttO
1,067 5/
-70
-377
537
igto
-9U7
-997
722
-3.209
-U,550
-3.1'»9
-I.38U
-3. 512
-3 611
,
Trust
accounts
i/
1/
1935
1936
1937
1938
1939
-128
-338
622
General
and special
accounts
Miscellaneous
funds and
accounts
Checking
accounts of
Oovernaent
agencies,
y
etc.
<
6U
1.739 1/
5. '•75 1/
2.716 1/
792 1/
3.280 1/
19
2,528
5.99U
37
23.1161
31*
11
29
16
11
19W
358
6.515
10,662
6,515
10,662
-5.103
-19.598
-55.897
-U9.595
19U5-Sec«Dbar..
-2.66U
-2,66U
-1.716
-281
55
6,916
-55
6,916
-2.5^9
-U,823
-5.359
-1.952
781
50
101
12,10)8
1,608
150
-201
-2
327
-3.757
11,6U6
-U.327
-3.757
-U.772
11,61(6
-2.378
252
1.399
1U,637
120
282
-355
-170
1,756
1.756
-U.252
-2.555
-5.9U7
-5.551
-2,00U
7.570
1.229
-307
102
282
-3O8
223
U2
29
-5.127
-188
-6,023
-5.587
-2.999
7I48
i*,76l
112
257
-282
130
311
253
19111
19U2
19U?
19l^Januar7.
February.
March
-2.5>t9
iprll
-I*.
Hay
June
July
August ....
September.
October.
..
HoTamber
.
Sacefflbar.
Source:
•
1/
2/
}J
U/
5/
6/
-'t.252
-2.555
-5.127
-188
12.U33
3I1U
12,1*33
-5.31*2
Ibily Treaeuiy Statetoents.
Less than $500,000.
Excludes amounts for public
This ie the net budgetary deficit.
debt retirement which are chargeable to the sinking fnnd, etc..
under special provisions of law.
This represents the increase in the gross public debt, except as
noted.
(See footnote 7*)
Includes Federal Old-Age and SorrlTors Insurance Trast Tond. TJnetaployment Trust Fond. Railroad Hetlrement Account, Oovernment insurance and retirement funds and other trust funds.
Comprises Public Vorke Administration revolving fund and special
deposits (net). Also includes Office of Distribution (formerly
Agricultural Marketing Administration) commodity food stamp transactions.
Includes expenditures for retirement of national bank notes.
In the fiscal years 1935 sni. 1936. $91 millions and $55^ millions
-111
176
-1*03
1(0
-99
-51
-5
3U
-217
-3.625
-2.19U
1*9
2Ul
205
-262
22
-1(27
-165
-331
-2,002
15,626
2/
160
51
5/
11(0
II
92
1U8
8
Increment
on gold
637
108
31U
20U
768
6U.27U
6U,307
It,
Seigniorage
on silver
90
90
^
iy
20
lU
-U,l403
-87
-IkB
-88
-25U
35
-95
71
-16U
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 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 ie considered as a part
of the working balance general and special accounts for the purpose of this table.
Ibqpendltures 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. $91 millions; I936, $397 millions; 1937.
$99 millions: I938, $51 millions; and I939, $5 millions: total,
$6U5 millions. The Increases In the public debt shown in the
table "Heans of financing Cash Bequiremente" for the above fiscal
years will not agree for the reason stated above.
February
1945
21
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bulletin
22
Analyeis of Issuance and Retirement of Public Debt
(In ffllllloat of dollare)
Net change
Public
debt out- in public
debt
standing
during
end of
flecal
flual
year or
year or
month
month
riecal year
or month
Public debt expendlturee
(Eetireaent of public debt)
Public debt recelpta
(leeuance of p\ibllc debt)
Public Issues
Public Iscoei
Caeh
i/
,078
,6U6
13.126
lU,121
9.589
5.716
8.958
6.199
7'«
275
9.6a
lt.776
13,08U
7.U75
13,166
7.191*
10.1*62
Certificate!
Adjusted
of Indebtedeerrlce
nese, special
bonde
•erlae 2/
Exceee
profits
tax refund
bonds
Special
Issues
Ex-
1*1*6
11.1*78
2.978
1.751
516
i.ugg
2.159
2.567
9.0U3
\S^.
Us, 968
igltl.
lt«,96l
19l4S.
23.1161
19UJ.
191*.
72,l«2
136,696
201,003
19U3-Seeain1>ST.
165,877
-281
10.378
6,398
19Ul|-JaimAi7.
170,659
183,107
184,715
1*,781
9,1*1*9
9,239
19,226
10,355
16,^1
2.127
1,608
8,019
1,91*6
w.vio
February.
March....
April.
Hsf...
Jime..
18U,967
186,366
201,003
July
tagact
September..
208,571*
October. ...
SoTember. .
December...
1/
2.528
5.99U
17.81*7
6l»,307
637
10,322
7.700
27,837
7.570
1,229
-307
12,162
10,151
10.991
11,1*22
210,2lt4
71*8
215,005
230,630
l*,76l
9,822
11,597
27,178
252
1,399
209,802
209,1*96
11*1
37.16U 30,388
122,632 91*. 961
153.785 123.958
6U,27U
11*,
.669
15,626
Dally Treasury Ststemente.
LesB than $500,000.
Sxcludaa certificates of Indebtednses
303
17.911
U9I
13
7
2.671*
g
2,812
2
3.11*2
3.035
1
1
1
131*
y
6.96I*
28,701
33.779
36.U25
'7.165
.61)8
6.91*3
8,881
9. 809
5.166
5.301
10,638
11.853
13.703
58.358
5.6SO
5.8I6
33.671*
303
17.911
89,1*78
63.202
1*91
3.51*
U37
10,660
7.105
209
l*,628
1*07
U,668
6,778
350
8,71*6
8.6M
6,96U
2,978
1.751
2.67U
3.035
I.U73
2.812
2.11*6
3.11*2
1,(42
18.790
2.896
1*,1U
5.332
6.99U
3.5»H»
11
2,127
112
l,9it6
11
i*.903
12
11
6,228
10,070
6,301
13.199
6.971
696
l*.592
't.570
526
8,922
11.298
6,400
6,805
2,511
U,481
9.073
6,836
11.552
5.571
6,651
6.931
l»,150
203
7,01*1*
2,511
5.920
1*,1181
6.092
10,928
22,762
3.1*92
205
170
U.150
1*28
2ll*
209
523
567
1,041
1(0
4.5U0
6.789
6.39U
1*36
Special
Issues
2/
U.305
1,442
18.790
21,1*06
2/
arles
u!2Ul
5.876
8.318
10.411
U,903
l,6l8
5.192
5.613
Cash
changes
1935.
1936.
19371938.
1939.
Certlflc&tei
Eiof ladebtednaiB, •poclal changee
l,6l8
22
3.1*92
11
11
11
170
1*71
ConelstB of special eerlee of certlflcatee of Indebtedness Issued
directly and solely to Inderal Beeerre Banks.
special series.
Composition of the Interest -Bearing Public Debt
Interest-bearing public debt outstanding
(In millions of dollars)
Percent of interest-bearing public debt
Public Issues
Bonds
Sid of fiscal
year or month
Marketable
1935
1936
1937
1938
1939
27,61*5
14.871*
32.9«9
35,800
36.576
39,886
17.368
20.1^4
22.043
25.U14
191*0
1*2.376
1*8,387
19U3
71,968
135.380
26.751
30,411
38.281
57.716
191*1*
199.51*3
l61*,508
191*1
191*2
I9U3- December.
. .
igUlt-Jaimaiy
167,01*3
Honmarketable
Marketable
7.2U3
53.8
52.6
56.2
60.3
63.7
383
698
689
168
1.302
1.603
2.508
11,864
lt.775
100.0
100.0
100.0
100.0
100.0
63.1
62.8
lU,73l*
6.120
7.885
10,871
1U,287
39.8
5:5
14.6
16.0
17.7
13.072
12,703
100.0
41.1*
13.101
13.112
12.873
13.168
13.507
100.0
100.0
100.0
40.8
13.11*7
U.38I
10,617
9.11*7
79,41*0
IO.U96
21,704
35.298
17.1*05
9.557
3.096
16,561
28,822
68,11*0
27,988
11.175
8,586
22,81*3
6S,l40
078
73.009
29.527
11.175
13.302
11:^6^6°
l6,2l*l*
im
16,263
181,709
April
Kar
June
183,1*13
199. 51*3
79.1*40
35.298
17.1*05
July
Anguet
207.117
208,289
207,850
81,293
37.237
18. 067
81,1*31
37.581*
81.466
38,028
18,067
17.936
September...
October
November ....
December. ...
Source!
184,874
208,608
210,771*
228,891
72,722
72,733
81.U66
81,298
91.781
Dally Treasury Statements.
38.355
39.018
41,071*
BonMarketmarketable
able
issxies
100.0
100.0
100.0
100.0
100.0
3,166
71*,
Special
633
626
1.558
2.676
3.770
10,023
February....
March.. • ••••
183, 31*8
Certificates
of
indebtedness
2.053
2.354
2.303
1.154
1,308
62
1.261
1.188
1.556
2.151
''.555
Honmaiketable
Public Issues
Bonds
16,2^
17.936
17.936
23.039
3.015
7.1*95
9,381*
22,81*3
10,220
9.116
25,680
25,680
9.092
9.050
9.557
25,306
25,266
28,822
13.150
13.766
13.697
14,122
14.731*
ll*,287
10,000
10,030
30,035
30,001
29.573
15.521*
ll*,96l
15.715
15.461
15.976
9.121*
9.075
9.990
29.51*6
9,81*3
30.401
29.5^
15.71*7
16,060
l6,405
16,428
16,170
16,583
16,326
3.8
Marketable
Non-
marketable
Certificates
of
indebtedness
Special
issues
36.3
7.1*
31*.
5
7.1
2-3
1.9
29.7
25.0
18.2
6.4
3-2
3.3
7.3
9.5
15.1
11.8
3.1
3.3
3-5
8.8
7.U
U.3
4.2
12.6
U.O
6.8
8.7
u
12.2
lU.U
17.0
6.8
5.2
13.9
7.9
7.7
39.8
17.7
17.7
17.8
6.7
7.3
8.9
5.6
5.6
5.0
13.7
14.1
l4.0
7.8
7.2
7.2
7."*
100.0
100.0
100.0
39.6
39.3
39.8
18.1
8.9
8.8
8.7
13.8
13.7
7.2
18.2
17.7
7.'*
7*6
4.8
14.1*
7.U
7.2
100.0
100.0
100.0
39.2
39.1
39.2
18.0
18.0
18.3
8.7
8.7
8.6
4.8
U.8
Ik.p
7.5
Ik.k
U.l*
llt.2
7.6
7.7
8.6
8.5
10.1
4.U
ll*.2
1*.7
lU.O
13.3
7.7
7.8
7.2
7.8
7.9
7.1
100.0
100.0
100.0
1*0.8
39.1
38.6
40.1
18.1*
18.
17.9
U.3
8.0
7.2
7.7
7-'*
February
1945
23
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Governinent
PAOT
^.
- FISCAL XKAHS,
1935-19!^
(In millionB of dollars)
21^
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART A
-
riSOAL YEARS, 1935-19lt4-( Continued)
(In
mllllDM of dollars)
Treasury Bulletin
February
25
1945
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government - (Continued)
PART B
-
MONTHLY DATA- ( Continued)
(Iq nllllons of dollars)
Treasury Bulletin
26
INTEREST -BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
DOLLARS
Biiiioni
Public Debt and Guoranteed Obligations
1935
^
36
'37
38
End
39
of
40
41
FUcol Y«or
42
43
44
'
Dec. 31
1944
1935
'36
37
'38
End
39
40
of Fitcol
'41
Yeor
'42
43
44 Dec
^
31
1944
February
1945
27
Guaranteed Obligations Held by the Treasury i'
(In ollllons of doUarc)
Snd of fiscal
year or ooBtb
Commodity
Credit
Corporation
Total
1935
1936
1937
193«
1939
3.655
U,030
3.630
833
273
13110
ISUl
lOU
302
19'ta
i».079
19't?
7.535
10,717
?5
Vio
IMO
1.950
900
igltS-DecmolKip
7.S53
800
igltH-Jajmai^
8,01*5
900
900
900
10,626
10,717
900
900
900
10.993
11.312
ll.lSl
11,312
191A
Telmuixy
Naroh
April
Mb^
July
Aa^st
Soptembar
OctolieT
SoTaabar
Decent^r
Source!
•
10
11,1(60
ii.itgU
..•<
Authorl ty
Home Owners'
Loan
Corporation
Beconstructlon
Finance
Corporation
Tennessee
Valley
Authority
'»,030
I0,ii03
J4ine
Federal
Putillc Housing
3.655
8,292
10,325
••*.
Federal
Mortgage
Corporation
Taxis
20
85
27H
283
398
25
MS
20
21*3
551
212
580
2,53'»
5.033
8,Ul6
52
57
57
57
57
283
6,713
57
676
283
398
398
597
6,S06
6.937
7.697
57
57
57
697
371
366
398
39s
398
603
607
580
7.71*?
8.29I*
57
57
57
900
1,000
863
5it9
8,730
'I
286
398
398
398
518
8,991*
9,081*
57
57
57
1.035
1.099
1.155
276
266
258
39s
39s
398
U€8
U39
9.078
9,201
9.206
57
5T
263
366
Bally Traastiry Statamenta.
leas than $500,000.
1/
7
20
l»20
8,Ui6
57
VhBae eecurltlee are not Included In preceding atatementa of
goaraziteed ol)llgatlona oatetandlng.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Government
(Amounts In millions of dollars)
Puhlle deht and gaeranteed ohll^tlons
Ind of fiscal
year or month
Counted
Interest-bearing
debt outstanding
Interest
charge
1935
1936
1937
1938
1939
31.768
7,707
863
970
Computed
annual rate
of Interest
(Feroent)
Interest-bearing
debt outstanding
Computed
annual
Interest
charge
Snaranteed obligations 2/
Conputed
annual rate
of Interest
(Fere ant)
Computed
Interest-bearing
debt outstanding
i*.123
annual
interest
charge
27.61*5
751
32.989
35.800
36.576
39.886
81*5
1.037
1*2.376
lt«.387
1.095
1.218
1,61*1*
978
71.968
135.380
.925
199,51*3
3,81(9
2.583
2.5I8
2.285
1.979
1-929
3.217
1.956
U,225
i*,269
82
1*,227
82
2,258
3U
1.930
1.930
1.522
31*
1-1*99
20
20
1.325
1.335
1.326
1-333
1-339
1*65
1.01*7
1*1,1*28
1,068
1*5.336
1.11*9
2.531*
191(0
1*7.871*
.511*
191*1
51*. 71*7
191*2
76,517
92U
91*7
2.715
2.562
2.582
2.589
2.600
lt.718
i(,665
i*,853
5.1*50
112
125
123
121
112
2.720
2.650
2.633
109
117
85
81
1-978
191*3
139.1*72
19W*
201,059
1.203
1.335
1.729
2.759
3.869
19l*3-I>eeembar..
168,732
3.299
1.955
161*. 508
iglA-Jaonary.
February.
171.312
185. 936
185, 6o5
3.355
3,626
3.601
1.959
1.950
167,01*3
1.9110
183,31*8
3.567
1.959
1.951
I.9U5
April
Hay
Juns ..>••
185. 670
186,1*03
1.91*3
1.91*1
183.1*13
m,S7l*
3.573
3.59s
1.91(8
1.91(6
201,059
3.607
3.618
3,869
1-925
199.5'*3
3.W9
1.929
2,258
1.529
1,516
Jtily
208;58S
209,764
209,33a
1*,010
'*.035
lt.oU6
1.922
1.923
1-933
207.117
208,289
207,850
3.990
*.0l5
1.927
1.928
1-937
1,1*68
l.'*75
1,1(80
19
20
20
210,088
i*,o6i
i*,093
i*,oi*i
210,77"*
U.073
230,361
228,891
'*.393
1.937
1.932
1.919
1,1*80
1,1*70
1,1*70
20
20
i*.i*l3
1.933
1.928
1.916
208,608
212,2l|l*
.
March
.Aogast...
September.
October...
November .
Deceober.
Source:
1/
Computed
annual rats
of interest
(Percent)
2. 716
2-573
2.588
2-579
S
Public dabt 1/
.1*38
.260
Daily Treasury Statements.
Treasury bills are inoludad in interest-bearing debt flgoreB
at face anount, but for purposes of calculating the corapated
anmiol interest charge and the computed rate of interest, the
discount value is used. For the purposes of computing the
2.679
181,709
2/
1*,026
5,1*98
6,360
i*,5l*9
U,092
1,516
20
2.1*98
2.052
I.83I*
1.861
1.96s
1.335
1.931*
20
1-31*7
1-355
1.367
njumal Interest charge and rate of Interest on TTnlted States sarln^
bonds, Series JUZ are considered to yield 2.90^ per anzmm and Series F
Is considered to yield 2.5336.
Ooaranteed Bdcorltles held b7 the Treasary, and securities guaranteed
as to Interest only, are not Included In this table.
Treasury Bulletin
28
statement of the Debt Position of the United States Government under Limitations
Imposed by Section 21 of the Second Liberty Bond Act, as amended
As of December 31, 1944
$260,000*000,000
Total face amount which may be outstanding at any one time
Face amount outetandlng ae of December 31
19'*'^:
Interest-bearing securltleei
Bonds:
$91 5SU, SjU , 250
Treasury
Savings (maturity value) 1/
Depositary
Adjusted Service
,
'I9.923.1t3lt,g50
''98.679,250
715.l'*5.'<56
$1^2,721,893.806
Total bonds
Treasury notes
Ul, 83U,522, 200
Certificates of Indebtedness
37 .273 .959 .000
Treasury bills (maturity value)
l6,U27,626,000
$238,258,001,006
Total Interest-bearing securltieB
Matured obligations on which Interest has ceased
Debt bearing no Interest;
United States savings stamps
Excess profl te tal refund bonds
178,871*150
$
181,528.651
1481 008 , 242
.
662,536,893
Total debt bearing no interest
Total face amount of securities outstendlng
$239.099.'*09.0'*9
Total amount of ajithori«ation unused as of December 31, 19UU
1/
$
20,900,590,951
^jproxlmate maturity value. The current redemption value of TTnlted
which Is stated at pax)
States savings bonds (except Series
smounted to $l40. 360,779,616 on December 31* 19ltl».
Reconciliation of the Debt Position under Section 21 of the Second Liberty Bond Act, as amended.
With the Gross Public Debt of the United States as shown In the Dally Treasury Statement
As of December 31, 1944
Oroes public debt out standing
$230,630.233.709
,
Total face amount of securities outstanding limited by Section 21
of the Second Uberty Bond Act, as amended
Less:
teamed discount on savings bonds (difference between
maturity value and current redemption value)
$239*099*l»O9,0US
9i562, 655*23^
$229,536,753,815
Addi
Securities outstanding not subject to limitation wider Section 21t
Interest-bearing securltlee
Matured obligations on which interest has ceased
Debt bearing no Interest
$
195.9i7.5'lO
7.029.370
890,532,98>»
1.093,U79.89U
Oross public debt outstanding
$230*630,233*709
f
February
1945
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States J^
As of December 31, 1944
(In millions of dollars)
Tear
aad
month
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of December 31, 1944 - (Continued)
(In alllloni of doUari)
Tear
fi&d
month
Treasury Bulletin
1945
February
31
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United Statesl/
As of December 31, 1944 - (Continued)
(In milllone of dollaro)
Detailed annnftT matnritleB
Description of secorlty 2/
Tear
month
Tax
status 2/
(D&te of l00ae Is ehovn In parenthesee)
nxadnatnrlty
lasojea
3.7/«i8 Treaa. bond,
1960-Har
Sbc...
&.3/l(!t
3/l5/55-60
Troaa. bond, 12/l5/6o-65
partially
partially
(3/15/35)
(12/15/33)
ISfiS-Josa...
2-1/2^ Treaa. bond,
1963-Jiine...
Dee.
2-3/Ui( Treas. bond,
6/1/61
6/15/62-67.
6/15/58-63
a-1/2? Treaa. bond, 12/15/63-68
.(6/1/11)
lAolly
.(5/5/1*2)
taxable
2,118
(6/15/3S)
partially
taxable
2,831
(I2/1A2)
6/15/6U-69
(Vl5/'t-3)
12/15/614-69
(9/I5A3)
taxable
taxable
2-l/2!8 Treaa. bond
12/15/60-65.
.
..
3/15/65-70
.
.(12/15/38)
(2/1/W
partially
taxable
1967- Jane...
Sept .
.
919
3/I5/66-7I
(12/l/IA)
a-l/2if Treaa. bond,
2-1/25J Treaa. bond,
6/15/62-67
9/15/67-72
(5/5/'t2)
(lO/20/ltl)
taxable
taxable
(.12/l/kz)
1969-Jnne...
Dee....
2-1/2)5 Treaa. bond,
6/l5/61(-69
2-1/23S Treas. bond, 12/l5/9t-69
('*/l5/U3)
(9/l5/'t3)
1,US5
2,118
taxable
taxable
2,716
2,118
2,831
3,761
3,838
7,600
7,600
2/l/¥»)
5.197
5.197
3.281
3,281
2,716
2,716
ISlO-Kar....
2-1/2^ Trees
bond,
3/15/65-70
1971-Doc..
a-l/2i8 Trees, bond,
3/15/66-71
(iz/l/Vk)
1972-Sept.
2-1/2^ Treas. bond,
9/15/67-72
(10/20/ln)
(
5.197
3.281
2,831
Total
.
I.U85
2.716
2,716
2-1/2S6 Treaa. bond, I2/15/63-68
919
7,600
3,281
Total
196g-DBc....
2,831
i.ites
5.197
3-1/ 2i« Treaa. bond,
50
5,197
Total.
1966-neo.
50
2,118
7,600
2-3/lt^ Treaa. bond,
2,611
3,761
3,838
Total
1965-Sec.
Mar.
1,US5
919
2,831
3-1/2S5 Treas. bond,
2-l/25t Treaa. bond,
2,611
50
Total.
Dec...
Final
maturity
Hxe d-maturl ty
issues plus
callable issues
classified by
year of final
maturity
2,6U
1,U85
3^ Panama Caaal bond,
1961l-Jnna...
Jlrst
call
rixed-oaturlty
lesoes plua
callable issues
classified by
year of first
call
l.'t85
Total
1961-Jmis.
Total RTiTmnl maturltlea
Callable Issues
classified by year of:
taxable
-1.
Source;
1/
2/
Dally Treasury Statement, and reports to the Treasory.
Sxeludse postal sbtId^s bonds, Federal Housing Administration debentures, and guaranteed securities held by the Treasury.
It should be noted that callable Issues appear twice in this column,
once In the year of first call and again In the year of final maturity. Callable issues with respect to which a definite notice of
call haa been made, however, are listed as fixed maturities. The
abbreviations refer to the following corporations: Home Owners*
Loan Corporation and Comnodlty Credit Corporation.
2/
Federal securities fall into three broad groups with respect to Imposition of Federal income taxes on Income derived therefrom.
Wholly tax-exeinpt securities are exempt from both the normal and surtax rates. Partially tax-exempt securities are exempt from the normal rates except that In the case of partially tax-exempt Treasury
and savings bonda, Interest derived from $5,000 of principal amount
owned by ssy one holder is also exempt from the surtax rates. Taxable securities are subject to both normal and surtax rates.
Treasufy Bulletin
32
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
terms of
offering
were
announced
Date
BUbscrlptiOQ
Period to maturity
Description of security
'booke
(Date of leeue le shovn In parenthesei)
were
opened
(Period to first call
Bhovn In parentheeee)
y
Sarlleat
Amount
date
on t^lch
of cash
subscripcommercial
tions
'bankfl
tendered
may ovn
restricted
issues 2/
(In
Anount l8au«d
In
exchaiife
For
cash
for other
securltleB
llllonc of dollVB)
First War Loan securltlee;
2-1/2* TrMB. hotid-12/15/63-68
11/30/1*2
II/3O/U2
i/ei/it}
1/21/U3
3/12/"t3
hjizlky
(12/1/1*2)
(12/1/1*2)
(12/1/1(2)
1-3/UiS Treas. bond- 6/15/1*8
Certificate- 12/1/1*3
7/sii
7/8!t
Certificate
.(2/I/U3)
2/^/1.1*.
26 yr
(21 yr)
1
yr,6
yr
1
yr
5
12/1/52
I
2,831
3.36I
5.181
2.831
3.062
3. 800
2.831
3.062
3.800
6,102
2.211
2.211 1/
3.762
12.757
12,895
3.762
1.939
5.251
3.762
1.939
5.251
19.511
1.655
2.707
Beoond War Loan eeourltlae:
3/12/U3
6/27/U3
7/22/13
Wl9/'.3
6/28/113
26 yr.2 a
9 yr.S «
2-l/2iS Treao. hond- 6/15/6U-69
(1/15/1*3)
25t
Treae. bond- 9/15/50-52
d/lS/IS'
7/856
Certificate-
k/l/'ik
(1/15/13)
1
yr
5/1/1*1*
(5/l/'»3)
(7/12/1*3)
(8/2/1*3)
1
yr
Certificate l/Si
1-1/2* Treas. note Certificate 7/8*
9/15/^1
8/1/1(1*
(21 yr,2 m)
(7 yr,5 m)
1/15/53
1 yT,2
1
yr
1.655
515
2.707
989
3.779
5,257
1,122
3.779
5.257
1,122
1,122
5.391
3.519
59
2,729
3,510
1.580
2,a2
2.212 8/
3.728 %j
5. 018 8/
.i*8U
2.
1^556
Third War Loai eeourltlee:
8/16/U3
10/6/1(3
ilsf^j
10/6/U3
S/16/U3
10/6/1(3
10/6/'t3 1/
10/6/1*3
11/22/U3
11/22/1*3
2-1/2* Treas. bond-12/15/61(-69
Treas. bond- 9/15/51-53
2*
Certificate- 9/1/1(1
7/8*
7/8*
2-1/2*
2*
7/8*
Certificate
Treas. bond
Treas. bond
CortifiCBie
-
-
l/X«/ltl*
I/2U/UU
3/2/iA
l/2l*/l*l*
3/2/W
3/2/*
3/2/1*1*
3/22/Wt
k/2k/Uk
3/22/1*1*
U/lU/Ult
7/20/W.
8/2lt/'A
9/20/ltll
10/83/ltl*
11/17/uu
11/17/wt
3/2/1*1*
3/2/Ul*
!t/2lt/'t'*
6/12/W
7/20/11
8/21/11
8/2I/II
9/25/11
(9/15/13)
10/1/11
12/15/61-69 J/
9/15/51-53 1/
12/1/11
Fourth War Loan eecurltlee:
11/22/U3
(9/15/1(3)
(9/15/1*3)
.90*
note
bond
bond
note
Certificate
Certificate
Treas.
Treas.
Treas.
Treas.
-
-
-
3/1/15
3/15/65-70 5/
9/15/56-59 5/
9/15/18
Certificate
Certificate
Treae. note
Certificate
-
U/17/'A
11/20/1*1
11/17/wt
1/22/15
11/20/11
I/22/I5
.90*
2-1/2*
2*
1-1/1*
7/8*
1 yr
26 yr,2 B
(2/1/11)
(2/1/11)
(2/1/11)
26 yr.l n
15 yr,7 m
1 yr
(2/1/11)
(2/1/11)
(2/1/11)
(3/I5/II)
1 yr.l m
26 yr
15 yri6 m
1 yT,6 a
1 yr
1 yr
(l/l/H)
5/1/15
(5/1/11)
S/l/15
9/1/15
3/15/16 5/
10/I/I5
8/
Slirth War Loan eeourltleB;
2-1/2* Treas. bond- 3/15/66-71
Treas. bond-12/15/52-51
2*
11/20/11'
1-1/1* Treas. note- 9/15/17
Certificate- 12/I/I5
7/8*
11/20/11
11/20/11
(IO/I5/I3)
(9/15/13)
(9/15/13)
(12/1/13)
I*/1/15
8/
F ifth War Loan Beourltles;
2-1/2* Treas. bond- 3/I5/65-7O 5/
Treas. bond- 6/15/52-51
2*
1-1/1* Treas. note- 3/15/17
Certificate- 6/I/I5
7/8*
7/8*
7/8*
1*
7/8*
(21 yr,3 a)
(
(21 yr '.2 m) 6/
9
yr.U n
1
yr
(
9/15/53
8 yr)
9/15/53
7 yr .11 a)!/
5^532
3,779
5.257
1.939
59
1.102
3.510
1.627
8/
2-1/2* Treas. bond- 3/I5/65-7O
2-1/1* Treas. bond- 9/15/56-59
Certificate- 2/1/15
7/8*
2-1/2*
2-1/1*
1-1/2*
7/8*
7/8*
26 yr,3
10 yr
1 yr
Treas. note 1/1/16
Treas. bond - 3/I5/66-7I 12/
Treas. bond - 12/15/52-51 12/
'''
Treas. note- 9/15/17 12/
Certificate 2/1/16.77.
(2/1/11)
(6/26/II)
(6/26/II)
(6/26/11)
(8/1/11)
(9/1/11)
(11/1/11)
(lO/l/W)
(12/1/11)
(12/1/11)
(12/1/11)
(12/1/11)
(12/1/11)
(12/1/11)
(12/1/11)
(12/1/11)
(2/1/15)
1
1
1
1
(a
yr) 9/
(12
yr,6a) 2/
2/1/51
9/I5/I6
2/1/51
a
2,212
3.728
5,0l8
2,909
5.825
I.9I8
1.770
yr,6«ll/.
yr
(21 yr,3 a)
8 yr)
(
12/1/51
yr.l a
26 yr.3 a
10 yr
(8
yT.9»VJ/
1
yr
Back Figures:
For period Decemlser 19UI through October I9U2. ««e "Tr»asuT7
Bulletin" for Hovember igUi*. page 32.
Preliminary.
p
In the case of the reopening of a preTlously offered security, the
1/
period to first call and to maturity are calculated from the date
Interest conmences on the reopening.
Restricted Issues are those which commercial bastes (defined for this
2/
purpose as hanks vhlcb accept demand deposits) are not permitted to
(l) concuracquire prior to a specified date, with two exceptions!
rently with the Fourth, Fifth and Sixth War Loans, commercial banks
were permitted to Bubecribe to the restricted issue offered in the
War Loan for limited investment of their savings deposits; (2) commerclal banks may temporarily acquire restricted Issues through
foreclosure when such Issues have been used as collateral.
Consists of all public cash subscriptions and of subscriptions by
Qovernaent agencies and trust funds.
U. S.
2,127
2.127
77
95
3.7l«
1.877
1.615
95
3.7IS
1.877
1.615
5.825 1/
I.9I8 8/
1.770?/
77
2.909
5.825
I.9I8
1.770
8/
8/
tj
1/
2.511
3.891
788
3.192
3.115P
7.9l6p
I.55OP
1.105p
3.115P
7.91^
I.55OP ,
1.105P 11
3.115P
7.91%i
I.55OP
1.105P
|/
%}
tj
1/
.116
33
737
137
11/
.116
(21 yr,3 a) 12/
2
8/
3.728 1/
5.018 8/
2.511
3,691
788
3.192
yr
yr
26 yr,3 a
10 yr
2 yr.9 a
1 yr
1
2/1/51
9/I5/I6
(20 yr.9 a) 10/
8 yr)
(
25 yr.9 a
10 yr
2 yT,9 a
U
(21 yr.l a)
(12 yT.7 a)
yr) IJ/
12/1/51
33
737
137
11/
U/
5/
6/
2/
8/
Issued primarily to refund matxirlng security.
Reopening of previously offered security.
Interest commenced on October 15. I9U3.
Innonncement of exchange offering was Included In announcement of
Third War Loan. August I6, 191*3.
Figures on amount of War Loan securities issued consist both of
amounts issued in connection with the Drive, and of amounts issued
concurrently with Drive to U. 3. Oovemment agencies and trust funds
and to commercial banks.
Interest commenced on March I5. V^.
Interest commenced on June 26, 19M1.
Interest commenced on September 1^, 19UU.
This is the same security that was offared in the Sixth War Loan.
Kxehanged as of December I5, 19**^ and accrued interest charged from
December 1 to December 15Afflounts not yet available.
'
2/
10/
1 1/
12/
I3/
^
l)j/
1945
February
33
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Dato of
refunding
for exchange
transaction or
of retirement
for cash
transact Ion
laount of
Daturing
or called
security
outstanding
Description of called or maturing
security 1/
(Date of issue is shown in parentheses)
Amount
for cash
retirement
Amount
exchanged
Percent
exchanged
Description of new
security offered
(In millions of dollars)
11/1/1»2
12/15/U2
l/2)t
Certificate - 11/1/U2
Trees, note - 12/15/112
1.507
232
1,588
66
1.588
66
1.506
289
132
8
1.373
282
91
(S/l/W)
Totals for exchange transaction of 5/1/1*3*..
1.795
lllO
1.655
92
2/1/13
3/l5/t3
5/g*
3/U*
Certificate-
.69)1
Certificate-
5/1/1*3
ykji
CCC note
Treae. note -
-
(6/25/U2)
5/1/1*3
5/1/1*3
(9/21/U2)
3-3/g)S Treae. hond l-l/gjt Treas. note 1-1/gjS EJC note
-
8/2/U3
S/IS/US
7/g)t
Certificate-
1*
Treae. note -
3-l/l()t
Treas. bond - 10/15/lt3-U5
e/is/"*?
IO/15/U3
(12/15/37)
2/1/1*3
3/15/1*3
7/15/t3
6/15/U3
(l*/15/'*2>
1.507
232
l-3/l»5t
6/15/lt3-lt7
(3/15/1*1)
97
(6/15/27)
(6/15/18)
U5I*
i*5U
6/15/U3
(It/17/I*l)
629
32U
629
7/15/1*3
8/I/U3
9/I5/U3
(g/15/U2)
(6/I5/UO)
1,609
279
53
279
1.556
97
(10/15/33)
1.1(01
239
1,161
83
12/15/U3
2/1/ltl*
2/1/W
3/15/tl* i
7/g)t
Certificate -
(11/2/lK)
7/8iS
Certificate-
(12/1/1*2)
2.035
3, goo
I!
260
(I2/I5/38)
1*21
1*21
(2/1/39)
111*
(2/1/1*3)
2,211
llU
8U
(3/15/31*)
(5/15/31*)
95
835
(7/3/Ul)
571
19
130
12
(5/1/31*)
(U/l6/3lt)
779
1.519
^1
(11/1/39)
(6/15/39)
U16
270
65
Totals for exchange transaction of 3/I5/UU..
U.729
3.919
83
31*
U.877
1,615
2,511
122
1*28
3,691*
93
98
99
90
II/I/U3
12/I/U3
1-1/gjt Treae. note - I2/I5/U3
1-3/8^ R>HA note
Certificate T/Si
2/1/UU
2/1/UU
3-1/1** riKC hond
3/l5/Ul._61,
3)S
5/15/1A-H9
!THC hond
BTC note
1%
HOLO hond
}i
3-1/Ujj Treas. hond Treas. note 1*
3/lt)i
Treas. note -
U/15/UI*
5/l/l*l*-52
U/l5/Ul.-it6
3/15/1*1*
6/15/1*1*
U/l/Ul*
7/S*
Certificate-
U/l/lA
5/1/1*'*
7/8!S
Certificate Certificate Certificate -
S/l/Ul*.'.
8/l/l(U
9/1/W*
7/856
3/l*:{
9/15/1*1*
1)6
Treas. note Treas. note -
10/l/UU
12/1/UU
7/^
CertificateCertificate-
hi
Treas
7/g*
Certificate -
8/1/1*1*
[
2-1/2)6 Treas. bond - I2/I5/6I1-69
Treas. bond - 9/15/51-53
2)6
7/8)6
7/8)6
Certificate Certificate -
2.127
96
.90)6
Treas. note
76
705
559
60U
1,223
SO
.
bond -
i-l/^i Treas. bond
5.251
371*
l.g5
1*0
7/g$
Certificate-
1-1/856 CCC note
-
9/1/1*1*
(9/15A3)
9/15/Ul*
(I/31/U1)
(12/22/39)
635
283
33
98
602
185
95
66
9/15/1*1*.
>
918
130
788
g6
lO/l/Ul*
(IO/15/U3)
3,519
12/1/1*1*
(12/1/1*3)
3.51*0
121*
3.1*92
3.1*16
(12/15/2U)
1.037
129
9<M
gg
2/1/U5
(2/l/ltll)
5,oit«
2/15/1*5
(7/a/Ul)
1*12
7/8)6
1)6
Treas. note -
3/15/U6
99
7/8)6
96
.9<^
Certificate
Treas. note
10/1/1*5
1/1/1*6
7/8)6
2)6
Tor period December 19U1 through October 191*2 see "Treasury
Bade Flguree:
Bulletin" for Sovemher 19lt'*. page 33.
Original call and maturity dates are used.
1/
•
i^
!^
i^
9/15/1*8
Certificate
Certificate
Certificate
Certificate
7/8)6
7/g?S
Iveaa. note
Treas. hond
bond
2-1/256 Treas.
2N^
2/1/U5
9/15/56-59
3/15/65-70
91*
(5/1/1*3)
(8/2/1*3)
12/l5/ltl*-5l*
12/1/1*1*
3/1/1*5
2-1/2)6 Treas. bond
1-1/2)6 Treae. note
81
l-l/l*)6
12/15/1*1*
lO/l/UU
gl*
98
78
S/lfUk
Totals for exchange transaction of
7/8)6
95
93
(l*/l5/l*3)
9/15/1*4
5/1/1*1*
3.5'tO
1.939
1*83
515
1*1
Certificate -
321*
(
10/15/1*3
12/1/1*3
7/8)6
i^
Not aTalle'ble to commercial "banke.
Anomits not 7et aralla^le*
7/g)6
Certificate
•
•
l*/lA5
5/1A5
8/1/1*5
9/1A5
'
.
9/15/1*7
12/15/52-51*
•
3/15/66-712/
2/1/U6
Treasury Bulletin
3^^
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(Amounts in millions of dollars)
Qeacriptlon of new issue
Stte of
issue
Amount of bide accepted
HatupUy
date
19U3-DOC.
Dec.
Sec.
Dec.
Dec.
2.
9.
iS.
23.
30.
igUlW-ar.
Mar.
Har.
Har.
Mar.
6.
13ao.
ipT.
Apr.
l,5UU.o
30.
1*.
9.
16.
23.
27-.
Apr.
Jeb.
rsb.
reb.
Feb.
3.
10.
17.
ZU.
May
Hay
Hay
May
11.
18.
25.
Mar.
Mar.
Mar.
Map.
Mar.
16.
23.
30.
i^.
6.
J^r.
Apr.
i*r.
13.
20.
27.
2.
9.
Hay
Hay
Hay
May
11.
18.
25.
June
June
June
June
June
15.
22.
29.
>l.
1.
8.
July
6.
July
July
July
13.
20.
27.
Aug.
tugJag.
Aug.
Aug.
3.
10.
17.
Jtpr.
June
June
June
June
June
July
July
July
July
Amount of
bids
tendered
91
91
91
91
91
2.
6.
13.
20.
27.
IS'l'Wan.
Jan.
Jan.
Jan,
number of
days to
maturity
1.
8.
15*
22.
29.
6.
13.
20.
27.
1.691*.
1,006.1*
1,011.1*
I.S15.0
1.791.7
1,771.8
1,000.2
1,005.5
1.011.0
91
91
91
91
2.255.5
2,173.7
2.273-5
2,291.5
1,011*.
91
91
91
91
2,1*59.2
1,979-2
1.002.3
1,005.7
1,012.7
1,007.7
91
91
91
91
91
2,151-5
1,007.1*
2,1*50-7
1,035-5
1,016.1
1,001.1
1,009.7
91
91
91
91
1,997.8
1.927-7
Aug.
Aug.
Aug.
tug.
10.
17.
2U.
91
91
91
91
Aug.
Sept.
Sept.
Sept.
Sept.
31.
7.
Ik.
21.
28.
91
91
91
91
91
Oct.
Oct.
Oct.
Oct.
5.
13.
19.
91
92
91
91
3.
26.
2,551.6
2,311*.
2,095.1
2,116.7
1.976.7
2,131.1
1.015.9
2,11*9.7
2,172.7
2,170.2
1,017.1
1,206.9
1,206.3
1.958.1*
l,2ll*.l
1,887-1
2.
91
2,010.1*
31.
91
91
92
91
1,851.6
1.831.6
Sept.
7.
Sept. lU.
Sept. 21.
Sept. 28.
Dec.
Deo.
Dec.
Dec.
7.
91
91
1,762.1
lU.
21.
28.
91
91
2,088.3
U.
11.
18.
25.
91
90
91
91
2,308.0
2,197-0
2,183.9
2,356.3
1.
8.
a.aijo.q
1,971*.
1,931*. 1*
5.
19lt5.,Tan.
13.
19.
Jan.
Jan.
Jan.
26.
30.
Feb.
Fob.
Feb.
Feb.
Har.
15.
23.
1.
91
91
91
91
91
Dec.
7.
Dec.
Ik.
Dec.' 21.
Dec.
28.
Har.
Mar.
Mar.
Har.
8.
15.
22.
29.
91
91
91
91
Hot.
Hot.
Hot.
Hot.
Hot.
2.
9.
16.
aU.
1,007.7
i.oii*.^
1,013.1*
9.
15.
Sk.
30.
Oct.
Oct.
Oct.
Oct.
1,000.2
1,017-2
1,016.9
2,028.1*
Hot.
Hot.
Hot.
Hot.
Hot.
21*.
Total
anotmt
2,001.1
2,033.1*
2,005.1*
2, 21(1*.
2,261*.l*
1.932.1
2,078.5
2,061.8
2,040.8
1,868.2
Amount on
conpetitive
basis
Amount on
fixed-price
basis 1/
Amount of
maturing
issue (as
of date
shown in
first column)
Total bills
outstanding
(as of date
shown in
first column)
February
1945
35
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total
Date of
Issue
Mds
accepted
Competltl'Te %lds accepted
Hl^
Arera^
Equivalent
price
per hundred
arera^
Price
per
rate l/
fanndred
(Percent)
19l*3-Dec
Dec.
Dec.
Dec.
Dec.
iglA-Jan.
Jan.
Jan.
Jan.
Tei.
Feb.
2.
9.
l6.
23.
30.
6.
13.
20.
27.
3.
Pel).
10.
17.
ret.
21*.
Mar.
Mar.
Mar.
Mar.
Mar.
l6.
23.
30.
Apr.
Apr.
J^.
Apr.
Hay
May
May
May
2.
9.
6.
13.
20.
27.
U.
11.
18.
25.
June
1.
June
June
June
June
S.
13.
22.
29.
July
July
July
July
13.
20.
27.
^ug.
Aug.
6.
Equivalent
rate
1/
(Percent)
99.925 2/
99.910
99.925
99-909
99.910
0.297
0.356
0.297
0.360
0.356
99.905
99.905
99-905
99-905
99.905
0.376
0.376
0.376
0.376
0.376
99.906
99.905
99.905
99.905
0.373
99.915
99.925
99.925
99.925
0.336
0.297
0.297
0.297
99.905
99-905
99-905
99.905
0.376
0.376
0.376
0.376
99.906
99.905
99.905
99.905
O.37U
99.920
99.910
99.910
99.910
0.316
0.356
0.356
0.356
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.910
99.910
99.910
99.910
99.910
0.356
0.356
0.356
0.356
0.356
99.905
99.905
99.905
99.905
99-905
0.376
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.910
99.910
99.910
99.910
0.356
0.356
0.356
0.356
99.905
99-905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.371*
0.375
0.375
0.375
99.910
99.910
99.910
99.910
0.356
0.356
0.356
0.356
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
0.375
99.910
99.908
99.909
99.909
99.910
0.356
0.360
0.360
0.356
99.905
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
0.376
99-905
99.904
99.905
99.905
0.375
0.356
0.352
0.356
0.356
99.905
0.375
0.375
99.910
99.910
99.910
99.910
0.376
0.376
0.376
0.376
99.910
99-910
99.908 2/
99.908
99.910
0.356
0.356
0.37"*
0.371*
0.371*
O.37I+
0.375
0.375
0.371*
O.37I*
0.36I*
Aug.
2't.
99.90lt
^.
31.
99.905
0.375
0.375
0.375
0.375
0.375
Sept.
7.
Sept. ll*.
Sept. a.
Sept. 28.
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.908
99.910
99.910
99. 908
O.361*
Oct.
Oct.
Oct.
Oct
5.
13.
19.
26
99.905
99.906
99.905
99.905
0.375
0.376
0.375
0.375
99.908
99.910
99.909
99.913
O.36I*
2.
IToT.
99.905
99.905
99-905
99.905
99.905
0.375
0.375
0.375
0.375
0.375
99.913
99.913
99.910
99.910
99.90s
0.31*1*
16.
24.
30.
O.36I*
Dec.
Dec.
Dee.
Dec.
7.
lU.
21.
28.
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99.90s
99.910
99.910
99.910
0.356
0.356
0.356
Hot.
UoT.
Hov.
KoT.
9.
1/
(Percent
0.375
0.375
0.375
0.375
0.375
99.905
99.905
99.905
3.
Equivalent
rate
99.905
99.905
99.905
99.905
99.905
10.
17.
Aufi.
Price
per
hundred
Source:
Public Debt Service.
Back Figures: Annual Beports of the Secretary of the Treasuiy.
1/ Bank discount haeia.
!^
99.901*
99.905
99.905
.
0.361*
99.905
99.905
99.905
0.360
0.356
99.905
0.376
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.906
99.905
99.905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99.905
.376
.376
,376
.376
.376
99.905
99.905
99-905
99-905
0.376
0.376
0.376
0.376
0.356
0.356
O.36I*
0.360
0.360
0.31*1*
0.31*1*
0.356
0.356
0.36I*
Except $10,000 at 99.956.
Except $10,000 at 99.925.
99.901*
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
Table 1.- Summary of Sales and Redenptlons, by Series
(In nllXlons of doUare)
SalM
Amotknt
7l8Cal year
or month
outstandlBg
end of
fiaoal year
or month ly
Net chaste
during
fleoal 7«ar
or month
Eedenptlons
Sales to
inreatora
other than
coBDerclal
banka
ill aerlaa
1935
1936
1937
193«
1939
62.0
316.1
799.6
1.237.7
1,868.1
»62.0
25lt.l
1(«3.5
62.6
26U.O
512.6
U38.0
630.5
'187.5
igiio
•1,036.6
1,108.7
+1,1409.3
+5,87't.2
1,1*92.1*
19W
2,90U.7
U,3lU.O
10,1SS.2
21,256.2
31*, 606.1
+11,068.0
+13.350.0
19l*3-D©c ember.
27.362.8
1 9 UU- January.
191*1
19U2
19U3
.
Jebruaiy.
March
i^rll
May
•June
July
August.
September.
.
.
October.
Hovember.
Ceceobar.
.
I*
i
68U.5
5.99U.1
11,788.7
l,i*92.T
5,99l*.l
15.1*97.7
665.8
853.0
853-0
28,901.0
31.515.2
31.973-8
l,53«-2
1,698.1*
1.505-1*
2,6ll».2
2,781.5
709.1
2.700.9
705.0
32,U96.8
32.987.0
3U, 606.1
523.0
738.5
750.6
737.0
+1*90.2
1,619.2
1,81*2.2
1.765.1*
+1,931.6
2,125-1
2.089.0
600.0
691.1
36,537.8
36,883.5
37,323-3
37,6Uli.7
+3115-7
602.1*
+U39.8
692.1
banfce
71*8.1*
.5
.5
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
U.l
1*2.1
llU.3
110.8
65.0
87.5
127-6
223.2
19.6
11*8.1
m
80.0
11*2.8
207.
200.9
81*8.3
81*1.3
.370.9
.357.8
206.9
205.9
l*.l
27.7
17.5
17.6
187.8
18U.8
268.1
I83.7
266.8
1-5
2.2
76.8
21.6
I8.5
2U.5
237-1
278.9
2U7.6
235-8
277-2
2U6.1
36.1
33-5
21.9
30.7
226.9
278.7
283.0
225.1*
26.9
22.6
32.0
1*00.6
382.1*
1.2
7.2
17.1
28.0
11.2
36.2
66.6
82.0
35«.l
193-0
80.6
2.1*
1.0
695.0
69U.I*
.6
38,308-2
+663.6
1,023.1*
2,052.6
2,385-8
999-7
2-353-5
23-7
1)0,360.8
+321. U
Original
porchaea
price 2/
^
11,788-7
15.139.5
+1*58.6
Salea to
commercial
Accrual
of
redasptlon
Taluee
32.1*
186.
^.
5/
365.3
5/
Series A.D 6/
1935
1936
1937
1938
1939
62.0
316.1
799.6
1.237.7
1.868.1
19U0
igui
19'«
2. 901*.
+62.0
25U.1
+1*83.5
+1*38.0
681*. 5
+1,036.6
,108.7
828.0
+71*5.5
3.6ol*.2
-1*6.1
igit?
3.6O8.0
19W
3.62l*.8
+3.8
+16.
19U3-I)ec ember.
3.616.3
+1.6
3.623-3
+6.9
+.9
+.7
.5
li87.5
+630.5
3.650.2
191tlt- January...
62.6
26U.0
512.6
-8
.1
.1
i
i
i!/
it/
828-0
.8
.1
.1
5
11.1
65.6
80.0
1*2.1
111*.
3
110.8
65.0
85-9
92.0
96.0
11*7-5
ll*2.2
132-7
88.2
79-3
126.2
81.8
71.7
7-7
6.0
5-5
13.8
7.8
7.2
6.8
6.8
6.5
6.2
6.1
5.9
February.
3.62l*.2
March
3.62U.9
J«>rll
3.62U.8
3.622.9
6.5
5.3
6.5
-1-9
3. 621*. 8
1.9
8.2
l:\
5.8
6.5
5.6
7.9
1.6
2.0
IU.7
8.1
7.5
6.8
6.0
September.
3.632-7
3.63^-2
3.636.2
6.6
5-5
October.
BOTember.
December.
3.637.2 1/
3.636.3
3,638.0 1/
+1.0
6.7
Kay
June
July
August
.
U
-9
+1.7
Series X 2/ S/
203.1
1^3
203.1
3.670.8
11,286.6
I9IA
21,121*. 8
3.1*«7.7
+7,615.8
+9,838.2
19lt3-I)aetaber.
15.957-2
+552-5
16,891.0
933-8
1,950.8
19'tl
19'K
19l(li-Jaauaiy...
February.
March
April
18,81*1.7
19. 185-8
19.592.8
19.979-5
21.12U.8
May
June
203.1
3.526.3
8.271.3
11,819.7
203.1
3.526.3
8.271.3
II.819.7
727-6
727.6
1.5
33.1
118.1*
1,081*.6
1,081*.
2.102.3
575.8
2,102.3
575.8
386.7
605.7
62U.3
605.7
62U.3
1,11*5.3
1.3'»9.8
1,31*9.8
15.2
+3l|i*.l
+1*07.0
TV
n
5/
60.0
688.6
2.099.9
60.0
688.0
2.09U.7
186-2
I85.9
163.6
160.7
163.2
160.3
21*1.1*
21*0.8
Z12.9
212.2
21*9.7
21*8.8
219.7
218.9
July
August
September.
22.632-3
22,898.9
23.256-9
1.507-5
266.6
1.686.5
1.686.5
1*99.1*
1*99.1*
21*1*.
590.8
590.8
17.3
13.0
21.9
21*5.7
+357-9
254-7
253.6
October.
23.501-7 1/
23,970.8 2/
25.51'»-5 1/
21*1*. 9
1*69.0
1,51*3.8
598.6
806.8
1.855-3
598.6
8O6.8
1.855.3
18.9
15.8
22.2
372.5 1/
353-6 J]
333-7 1/
370.9
351-9
332-0
.
. .
.
HoTSOiber.
December.
(Continued on following page)
196.3
195.6
Februaxy
1945
37
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 1.- Sunmary of Sales and Redemptions, by Series
-
(Continued)
(In nllllona of dollari)
Sales
jbncmnt
fiscal 7«ar
ont»t«ndlng
end of
flaofil year
or Dontli l/
Not (Aian^
flacal roar
or month
Total
Ssdemptlons
Salei to
Inraotora
othor than
Salea to
commerolal
eosBDereial
haa^
Aficmal
of
redsBptlon
TalnoB
Total
Original
porchaso
prioo 2/
Interest
acomed
2/
Serle. ? J/ 2/
66.6
19'»1.
66.6
191*2.
I9U3.
1*98.9
1,21*2.3
19W.
1.995-7
753 »
19U3-OMea1>«r.
1.568.7
19Wl-Janu«ry..
February.
691.9
.gl*3.7
(torch....
66.7
757.9
802.2
66.7
U3U.9
757.9
691.2
2.5
8.8
2.9
17.0
57.7
2.9
17.0
57.U
20.0
2U.I
2U.1
.8
1*.8
It.g
123.2
151-7
17-0
126.8
I57.U
22.9
68.7
132.7
21.7
1.1
.6
U.8
6.3
lt.7
,860.6
.7
6.6
15.2
10.0
109.8
19.3
15-3
115.1
.2
.9
5.0
IU.6
-7
June..
1.875-S
1.885.9
1.995.7
89.1
26.0
1.0
1.1
1:1
5.0
6.2
6.U
July
2.091.2
101.1
17.8
16.0
12.8
7.1
September.
2.102.
2.113.
95-5
11.0
88.
Au^fUBt ....
October.
HoTember
December-
2,121.
2,158.
2,277.
Iprll.
Itoy...
U3lt.9
+11.0
8.2
37.1
119-1
19.1
17.0
15.8
13-7
U2.7
12U.7
\u
Ul>-1
Serlee
19I1I.
39l».0
191*2.
2,1*1U.3
19U1.
5.119.2
7.86o.g
191*1*.
19l*3->cember.
191*1*- January..
Tebruary.
March
iprll.
Hay...
June.
July
August ....
September.
October.
SoTember.
December.
0^/2/
.2
58.1
2U.7
1-3
1.5
7-1
.1
i:2
1:1
.1
1.1*
8.3
10.6
U
6.8
6.9
7.0
6.3
6.6
.8
5/
^.
5/
5/
Treasury Bulletin
38
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- Total Sales by Series, Classified by Denominations
riecal year
or month
1945
February
39
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 3.- Sales, by Series, to Investors Other than Conriercial Banks, Classified by States
PART A
-
SERIES E
(In thouaondt of dollare at issue prlcss)
fiscal year
I9UU
19U3
19Wt
IS^i
Alabaoia
91.272
139.180
Arizona
Arkansas
27.8146
1*2.252
52.76U
71*,
176
Jan.
Apr.
?el).
8.107
2.096
3.718
1U,3U3
"•.353
8,9"(7
25,560
7,763
10.699
5.053
1,U12
2,351
6.731
1.829
3.100
7.272
2.02U
1*,000
5.532
182.91(0
17.1*60
"*1.593
1*5,970
55,636
53.933
56,1*U7
3.91"*
12,1(08
13.097
163,598
13,620
33.522
1*1,301*
3.86U
10,620
96,211
10,011
23.139
2,809
10,316
3.725
12,269
51,600
3,033
12,1M0
53.796
5,303
1U,680
U,205
23,069
1.57"(
5, '•83
1,383
1.382
1.556
11.1*19
11.237
29,'*U6
8,127
7.856
11.850
3.979
52.791
29,9'(7
6,952
8.957
1,121*
150, "(61
1(0,050
58.283
63.579
36,095
15,538
30.599
3.822
8,1*05
8.71*6
1"*.017
56.999
5.121
lit. 557
86.635
7.698
19.502
1.802
8.516
8.067
2.739
62.132
168,258
90,226
220.926
21,82U
83.IU3
89,U96
27.609
135.069
Georgia
Idaho
Illinois
9U.52U
27.8U5
575.056
l't5.933
1*0,230
755.362
9.051
1.979
50.733
Indiana
Iowa
Kansas
213,813
176. 508
106,190
313. 59U
21.585
a, 881*
263,1*1*5
12.'*27
18,508
163.077
7.015
ll*,&57
Eent\icky
27,607
127.956
Louisiana
Maine
9'».910
11*1,106
8.060
7.351
10.321
12.687
37.361
51*, 991*
2.81U
it.76l
108. 60U
152,566
390.986
688.159
11.250
21.771
1*0.91*0
13.575
35.929
52.215
21*9.962
I2.OUI
3-571
16.519
28.795
9. 381
26,617
"*3.513
82.588
283.681
52,01(8
55.230
128.079
13.U68
2.199
5,281
639
6,505
10.870
l.UOg
Maryland
Massachusetts.
Michigan
.
.
Wl,637
Minnesota
Mississippi
Missouri
179.108
52.870
195.868
Montana
Nebraska
Nevada
New Hanp shire.
New Jersey
New Mexico
280,091
72,211
ll,U66
.
.
11*2,682
Utah
7eraont
Virginia
11*5.1159
Washington
West Virginia
Wisconsin
Wyoming
6U.583
172,650
17.313
163,92!*
Alaska
7.397
Canal Zone
Eawaii
Puerto Bico
Virgin Islands.
Other possessions
.
Unallocated
Adjustment to
Ibily Treasury
Statement
Total
10.170
2.807
9.592
3,087
10.039
3,137
32,193
1U,561(
35,l"»5
2.296
12.696
1(,06S
12,33"*
8.220
1,850
10,919
10,7'(1(
12,01*3
37.573
lU,815
38,657
9.1*31
li*.751
ll*.211(
"»,937
17.7"(7
10,567
28.807
1.689
2,121
1,912
"(,7U7
21,21*6
1,290
3,6Ui
1.856
5.3"*5
1*18
2.089
3.655
6,220
7,112
567
563
627
7,830
16,098
1,323
7,105
l(,706
2.991*
2,756
"*93
576
51*8
8"(1
2.656
571
2.555
7.195
75.393
1,025
21,U97
1,225
1,1*1|0
23,1*26
6.0l*i*
1,623
23.752
1,092
68,902
18,751
10,099
26,586
105,358
'*.338
61.066
5.1*22
995
13.53"*
257.729
92.197
17.085
6,308
21*8.280
13.7"*8
23,769
1,329
90.737
6,529
1,071*
-21,01*6
1,812
1,569
1,"(83
67,591*
22,7'*'*
2l*,U65
l*,650
1,091*
1.075
1,1*21*
2U.967
2,055
67.337
7,281
1.K6S
127.955
211*, 362
58.011
ll(.021
25.03U
9.822
"•.697
1*3.338
35.01(0
U.5"(7
6,91(0
71,091
15.551
16,571
106.31*3
6.806
39.912
5.395
7,6U3
11*7,61*6
1(5.018
1*1»,805
1(6.1(02
91,1(38
5.'t99
11,198
3.55"*
l'*.'*17
2.26U
2.899
3,1*60
6,621
3.763
3,938
5,790
7,912
126.273
10,286
13.162
1.589
1,625
7.533
22.255
I.60U
7,982
20,791
7.386
13.852
8,221*
23.957
63. "^55
71*,
1.182
5,316
16,019
7,365
20.335
2,655
766
9.828
2,516
918
6.207
1.91*7
9.080
3.I6U
10,261*
18.927
3'*.789
1.590
687
6.385
2,U76
7U6
10,856
10. 57'*
27.579
9.589
38.856
15.369
10.1(63
l(.0l6
15.99U
12,7"*5
28.70l(
Ul»,158
2,251*
1*,072
9.915
639
12.970
9U9
822
1(38
1,11*9
390
532
2,1*69
18
5,069
321
129
15
5
11
2
657
5,050
903
15
11
3
12
23
77
20
-95.133 29,091* ll*.052 H9.00l(
122,879
-161*. 120
8.635
13.782
39. "(87
'*,835
1,6U1
17.862
8,91*1*
20.696
11,01*2
1»,021
1.601*
36.1*71
7.118
61(5
67.927
7.157
1.1*31*
5.987
11,280
11.089
91*1
13.799
5.977
10.768
I.0U9
1.5U1
766
U.800
157
538
6.w!
62
i(,oo6
317
528
U.gUo
Ug5
U.795
1*65
1.71*6
2,1(35
1(09
1(U5
79
7
39
38
598
U
1
61
26
135
"*3
1(2
+225,856 22,998
+78,51*6
58.1*95
651
312
10
2,559
3,327
10,129
878
5.9"»6
It,
8,08l(
3.017
1,300
16,958
51.125
5,805
6,960
7.135
58.310
8.931
8.91*1
5.7l*l*
1,91*0
5.657
7,029r
2.535
1(1(.085
3"*.
"•5,193
203
63.621*
3.522
862
6,397
9,272
22,006
37.811
7.18'*
56.357
18.819
189,563
6,873
8.337
2,660
8.785
20,815
35.817
1.962
7,991
26.190
1*91*.
10,727
1»,302
22,070
1*1*.1*1*2
't.217
33.21*2
111.175
li(,003
5, '(06
9.202
21.153
76.U95
11*7,296
18,080
8,189
2"*. 1(85
6,969
13,802
23.516
56.156
3.698
53.813
"*2.133
18,837
8,227
6,U35
95.01(8
5.1(02
33.171
100.530
306,265
3't.856
19,625
15.930
5,855
6,580
23,996
60,670
28,783
29.055
South Dakota
Tennessee
Texas
50.160
7l(.137
ll*,l*81
60.858
76.058
1*3,959
29.519
1(2
33.829
l-M
53.7't8
53.1(01
1*5,181
19.661
8.877
7.202
19.232
9.773
23,21(6
39.378
857.1*00
11(0.398
9.39U
2,310
50.668
20.881
33,122
116,91*2
626,051
1,620
7.289
15.692
33.961
25.983
76,5U8
131,1(00
60.766
12,867
Pennsylvania
Rhode Island
South Carolina...
8,616
1.292
7,71*2
956
36.009
16.630
38.237
30.39s
11.317
7,672
9.286
6.02I*
6.U50
9.OU5
21*2,271
159.752
2l(.987
5.159
76,625
8. 631*
ll»,925
135. 26U
ll(.232
5.095
121.785
82.1U3
107.671
Oregon
8.1(03
1,935
ll(,200
1.290.035
OklahoiDa
7.880
l."*ll
"*3.782
3,029
991.988
113.869
52,651*
1,753
7,939
7,083
8,011(
l.ii65
58.22U
1,572
7,706
8,326
2.1*18
1,76U
28.307
71l*.177
7,877
2.5"*5
27.990
506,361*
8,61*8
5.81*9
20.l6e
20.530
9.791
32.722
Ohio
U,i*26
2U,'986
12,297
"•15.338
UU3
3.610
1'(.392
6,885
17.28U
11*9.
3,177
13.991
6.532
7.657
25,787
8U.61U
8.968
2.170
..
26.856
25,213
11.530
''.357
7.613
2.31*6
1.391
7.871
8.526
7,S9l*
6.61*6
303. 807
3l*.3'»9
New York
North Carolina.
North Dakota
Sept.
7,111
2.098
3.037
11.61*8
970,l*lU
Delaware
Diet, of Columbia
Florida
lug.
5.699
2,075
2,879
7.331
2.012
3.903
63s. 877
California
Colorado
Connecticut
July
May
23,860
8,760
18,870
1.779
U,l(09
13.89'(
"(.989
8,271.275 11. 819. 71*2 727.558 1,081*. 637 2.102,31(5 575. 77"* 605.709
10
7.970
22.290
28.058
871
7,200
70.0U3
7.S15
U.718
70,067r
7.195
1.315
71.3''2
1*2.132
'*.833
5.937
37.327
5.906
7,379
7.106
286
9,536
8,Ug6
39.068
1*7.888
't9.3'(3
59.677
3.723
937
3.21(0
'•.538
k.oek
1.1*95
1,739
7,775
8.1*1*9
21,1*51
35,318
2.1*71
3,305
870
9.838
999
2.1(17
2.1(87
I*.
lt.790
31.932 l6.718r
7.880
1.755
912
1*1*.
3.052
Treasury Bulletin
ko
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
PART B - 3ERIK3 F AND
(Continued)
-
COKBINED
(In tbousandB of dollarB at leeue prices)
Fiscal year
19U3
191*1*
191*3
Apr.
191^'t
July
Ma/
Aug.
Sept.
Alabeoa.
Arizona.
32,007
3,399
755
5.829
1,928
3,851
4,009
1*23
826
U37
81*6
9,1(50
282
17,831
2,U3i»
2,1*1*2
600
691*
1*71
1,1*97
2,9'tO
1.39't
16,578
1.095
370
3«5
88T
8,1*21
Arlcaneas.
1,719
645
228
332
784
254
538
767
131
472
1.066
454
1.521
22U,lU5
8,823
1,231
2,600
31,374
U.286
7,706
34,840
4.050
6.246
7,932
632
1,576
8.070
674
2.106
9,365
822
1,914
13.003
1.447
4.151
566
789
1,35'*
922
2.198
2,262
30.156
9.257
1.039
1*3.51*8
3.709
5.1*06
9,868
1,276
8.887
29.T"t6
258,108
30,678
33,1*08
Colorado. .
Connecticut.
81,128
6U,lt37
2,1*62
11,1*11
11.1*91*
2,1*59
2.
Delaware
Diet, of Columliia
Florida
12,326
33.757
36,705
10.306
29,761
1*22
1.21*5
1*01
1*1*3
1.1*15
ltO,U96
1.615
U,68l
3. 580
1.660
5.028
8,317
1,108
1,868
886
2.068
U56
1,083
1.580
1,205
4,276
5.359
1,804
3,517
6,276
302
794
1,680
382
933
1.364
37,831
8.031
272,112
Ul.958
7,630
236,291
1.916
282
5,232
3.509
1,012
25.797
8,723
1.301
1,230
1.506
1,1*27
1*7.1*07
13,5'*2
10,605
178
10,752
4,149
935
27.645
1.211
226
7.434
1,126
30I*
5,5U4
1,183
27.872
1,246
191*
235
8,221
2.905
637
15,772
79. 52"*
82,311
106.397
1,61*1
8,766
10.030
5.286
ll*,013
3,7110
U,680
1*,112
1*,260
3,615
1,572
10.246
14,284
2,932
2,541
1,473
2,299
2,450
7.31'!
10.381
9.49U
4,749
2,011
2.152
897
5,144
6,221
2. 884
7.888
5.739
2.353
4.169
4,436
2.617
1,350
1,286
393
1.4o6
1,150
462
1,123
1.098
547
3,459
2,3Ul
1,173
7,024
17,887
14,080
5.759
15,469
12,124
1,906
3,560
2,732
1,707
4,153
3,776
1.485
4,484
3,094
3,46o
8.262
5,957
9.3'^5
1,751
588
2,028
2.337
524
3.117
1,748
379
2,670
,877
,627
,651
Califomia-
Oeorgia.
Idaho.
IlllnolB.
. .
Indiana.
Iowa. ...
Eaneas.
15,'t7l
1*U,903
1,560
1,380
755
lt7.Ul»2
829
8.117
Louisiana.
Maine
is .M61
20.2U5
38,952
20,591
I.06I*
l*,129
897
U,369
Maryland
Massachusetts.
Michigan
511,252
52,U93
1U7,625
2.762
5.573
3,362
7.325
31.252
11,217
8,378
25,356
11,952
3,625
2,231*
71, '•32
3't,397
Kentnclv."'-
17U,999
106,363
10lt,768
.697
,268
2.U16
1,322
785
2,335
5.198
1,781
1,828
2,720
532
5,068
2,663
1*,083
9,912
3,800
15,806
1*82
27U
1,623
56
2,671
5,24i
411
1.321
4,964
694
277
1,133
57
356
1,220
158
397
875
44
l,46o
1,823
161
327
3.693
151
1,768
13.295
919
1.796
13.'*69
1,1a
613
3,158
116
458
3,086
217
509
3,3'A
128
6,758
466
20,21*9
6U7
2,71*6
10,550
3.30U
12,896
13, 11*1*
U,970
Montana
10,529
Ne'braelca.
30.i»iit
13,550
39,339
3,630
299
928
80
2,108
U,179
518
2,112
8,177
356
2,153
190
3.509
19.326
1.267
.
750
563
1*26
118,761
7.025
106,839
6,503
'•,053
3,111
12,607
lOU
51*8
New York
North Carolina.
North Dakota
627,936
IA.654
10,937
1*72,310
1*2,263
ll*,978
17.921*
68.129
6,050
1,926
96,018
5.911
Ohio...
203.827
25.095
32,892
19U.155
8.1*32
26.01*2
I.U23
1,026
28,030
3,195
26,711
3,771
'*,173
1*,302
Pennsylvania.
Rhode Island.
South Carolina-
297. U30
251,120
20.628
21.988
31,108
3.036
1*3,976
30,U2U
a, 712
South DEdcota.
Tennessee.
Texas
10.U16
39, I'M
110,993
13.222
39.186
117,537
1,831*
li*,i403
Hbjqp shire.
Hew Jersey.
New Mexico
. .
.
Oklahom
Oregon.
.
.
-
.
-
'
Utah
Vermont.
Virginia.
7,U7U
7.50U
53,701
Washington
West Virginia..
Wisconsin
Wyoming
'•9,753
17.905
86.336
6.010
Alaska
Canal Zone
Hawaii
Puerto Blco
Virgin Islands.
ether possessions
-
Unallocated.
Adjustment to
Daily Treasury
Statement
lit,
29,326
1.532
1*27
10,21*0
656
2,751*
m
5^1
.
1.965
'•,332
380
'*73
119
3.891
311
19.585
1,580
U77
17.629
1.739
537
13.960
1,603
51,251
5,885
2,890
59,856
4,591
2,147
12,685
1,087
469
12,569
1,420
377
15.992
1.400
31*1
397
2.441
1,324
8,565
722
1,005
9.957
1.259
8,816
611
811
22,341
3.623
3,929
21,893
3,410
3,065
7,430
680
852
5.710
789
931
4.669
499
780
11,885
1,449
2,124
7,893
l,U76
930
9.680
1.012
960
8,200
32,850
2,318
3,o64
28,482
2,181
2.49s
7,060
7,733
. 619
632
6.591
665
501
16. 680
580
2.186
5.068
19,557
1.666
5.243
10.783
255
1,125
2,831
1,067
2.793
301
906
2.469
836
2,269
7,886
1,231
665
1.072
4.76s
191
241
213
276
231
381
1.470
1,662
1.341
67?
426
4,019
155
2,749
13.901
663
5,636
2.063
11,648
1,204
l.SOS
405
2.911
170
2.007
65B
3,108
174
1.414
654
2.474
77
3,910
1,435
6.103
153
19
33
502
133
129
275
673
140
60
40
1,565
1,284
P7
259
370
344
17
400
27
62
67
742
39
881*
sol*
3,01*6
3.337
3,298
311*
1,350
U,7U5
13.201
2.271
529
6.01*8
23,21*2
1.352
i.iS
523
1,510
3.955
3.1*89
2.696
2.371*
8,393
8,026
51,399
287
273
2.957
1.277
1.368
7.200
1,032
198
255
1.267
317
220
1,61*8
127
307
1.937
56,253
19.552
93.192
6.032
2,130
9,321*
2,66s
16,799
l'*5
7.269
2,203
9,524
569
1,1*57
2.065
866
3.625
U16
2,126
966
3. 809
306
11*1
195
112
181
2U6
666
321*
99
15'*
II
1,157
2.081*
83
51*8
16I*
1.1*61*
122
36
150
3,6lU
l,6i*5
7,588
1*71*
1*1*7
1
au
1*U
99
70
100
5.181
657
18
13
10
37
70
+20,381
•.2l^.381
+9,100
-li*,255
18. 300
-2.123
3O8
3.517,35'^
3.319.71*7
125.1*59
1*20,728
598.570
129.230
131,339
Dally Treasury Statements;
(1) Total sales:
Reports of erose sales.
(2)
2,600
7.866
521*
28
1.8lt3
17,367
3.010
62l*
2,738
7,288
it,173
1.316
1.825
io.5aa
3.982
UlS
1.297
1,896
1,181*
72I*
1,051*
l,'»35
6,557
6,210
3.706
2,267
5U6
New
9,156
8,370
69.836
22,296
91,689
Nevada
180
2,307
59,692
21.812
8U.266
U.lAl
as
818
MinnesotaMississippi.
Missouri
.
1.271*
10
Sales by States:
571
1.69s
i.iUa
3.1*97
1,029
7,221
7,3't7
771
216
79
27,32s
1,3''5
1,570
231
5
119
19
19
23
16
14
+'*,ll*5
-12.526
+17,254
4,269
+2,425
+833
10,868
12'*,177
415,645
402,477
100,677
100,277
95.867
192,847
Revised.
Preliminary.
Less than $500.
February
ki
1945
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 4.- Redemptions of Series A-D and E Ckimblned, Classified by States
Data on savings bond redemptions by
States for Series A-D and E combined became available beginning In October l')kK.
Figures for the months of October, November, and December ISkk are shown below.
It should be noted that State figures on
redemptions are not necessarily comparable
with sales data by States Inasmuch as
bonds which have been purchased in one
State may have been redeemed In another.
Moreover, the figures on redemptions are
on the basis of current redemption value,
whereas the sales figures are at Issue
price.
(In thousande of dollara at current redeiqption valuea)
I9UU
I9UU
Stat*
October
Alabama.
5.389
Arizona.
1.757
Arkansas.
3.662
California..
Colorado.
.
.
Connecticut.
>t,l*81
lev fork
l.Wtl
Horth Carolina.
2. 1*78
2.351
Horth Dakota.
35.263
3U.861
31. '•67
2.673
2.831*
2.611
Oklahoma.
I*.
1*05
U.16U
3.81*0
5.01*8
Oregon.
5.1*83
5.21*1*
".sgo
26.883
>t,6lt8
6,198
Selavare
37.051
32.06I*
28,91*1*
''.235
U,626
U, 1*1*9
61*2
722
597
28,691*
26.036
22,1*92
.
Ohio
..
753
872
715
Pennqrlvanla.
.
27,866
32.991*
District of Coluabla.
3.918
3.986
'*.329
Rhode Island.
..
2.057
1.996
2.071*
Florida
I1.960
5.09U
5.630
South Carolina.
2.720
2.117
2,312
Georgia.
U.526
5.008
lt.5U0
Idaho...
928
806
762
Illinois
28,883
28.233
2ll,285
Texas
Indiana.
I6.618
13.381
U.I6U
Utah
lOVB ....
7.366
5.217
5.12U
Vermont
Kansas.
3.755
3.'t85
3.067
TlrglnlB.
Washington.
Eentuctqr.
lt.265
't.833
3.9'i7
Louisiana.
't.136
1*,019
It,
Maine
1.563
1.391*
1,362
Maryland
166
South Ceketa.
Tennessee.
.
6,260
Wyoming
"157
685
1*91
161
IU7
1*22
2,61*0
1.581*
71
539
201
Alaska
23,61*0
Canal Zone
.
.
Hawaii
Pusrto Rico
Virgin Islands
1.705
1.971
8,671
7.1*37
Nebraska.
Nevada.
.
Hew Hempehire.
Hew Jersey.
Nev Mexico
Source*
.
.
952
9U7
930
2.287
2.951
2,1*02
513
550
1*67
811
903
893
12.7't9
12.553
11.912
67"t
782
863
Dally Treasxuy Statements;
(1) Total redemptions;
(2) Redemptions by States:
Reports from 7ederal Seserre Banks.
7
k
12
Other possessions
Unallocated.
Montana.
5.9'»9
2.925
29,132
8,690
6,230
6.938
25,U10
. .
309
5.781
9.16U
Michigan
Missouri.
1.1*6;
326
Wisconsin
'1.561*
Mississippi
1,51*1
305
6.383
10,906
1.78't
1.571
3.506
"•,657
5.935
ll*,622
7.31't
10, 82^
7.2OU
IU.350
,815
3.598
3.961
7.660
15.1'>3
721*
I*
7.797
10, gilt
.
828
5.050
Vest Virginia.
MaBsachueette.
Minnesota.
956
5.717
Adjustment to Dally Treasxuy
Statement
Total.
63
'•5
16
1.872
-8,903
9.955
378.255
359.982
31*0,1*23
l^2
Treasury Bulletin
Participation in Payroll Savings Plans for United States Savings Bonds^
February
1945
Sales and Redemptions of Treasury Savings Notes
J/
-(Continued)
Table 1.- Summary of Sales and Redemptions, by Series
-
(Continued)
(Far Talnei - in alllloa* of dollara)
Badamptlons and exchazi^a
Tlec&l year
or BOnth
iaooni
oat Btandln^
end of
flseal 7asr
or month
Net chazi^
HacelTod
fiscal ymoT
or month
Total
la.
pagnnent
of taxaa
2/
bohanged
Bedaensd
for oaah
for
nev series
Series B U/
19^2
1,087.1
2.933.3
721.2
178.0
171.6
6.U
-S.Ii
'li
-53.2
53-2
lU.3
9.6
51.5
h.6
-1.2
1.7
-5.6
-12.0
8.U
5.6
IS.O
li
11.3
.2
.6
19.1
17.9
13.6
-3.0
-1.2
-U.3
3.0
1.2
U.3
i».i
12.7
12.5
10.1
-.9
-.2
-2.U
.9
.2
.2
2.U
2.3
+2.959-7
-2,195.0
-7fe.6
19U3-Ifecember..
128.6
-178.0
igl+it-Jamiaty...
Pelnruapy.
109.7
101.3
Ug.l
-18.9
-8.lt
Jono ..•••
39.7
3U.1
22.1
July
iaeiB\...,
Septeober
October...
HoTemter
December
iSm
March
April
May
.
.
U,o66.7
877.1
1,107.0
3.072.1
7U2.6
2.95?.7
764.8
22.1
i9»+3
19.9
70.6
21.5
68.2
.5
2.9
1.1
.7
.2
.1
.2
.2
.1
.1
Series C 2/
19^3.
I9IA.
6,U6U.o
€,i*6i*.o
7.5W.7
35.6
+2,983.8
8.953.7
1,082.7
5.969.9
1,01*7.2
9.'»1*7.7
5.507.9
1*62.0
19lt3-Docein1>er.
8,302.0
-U95.0
U36.8
931.8
868.9
62.9
+931.0
1.216.1
1,017.1
238.1
285.1
178.7
.325.0
25U.3
132.9
1.275-5
30.9
45.8
49.6
2J9.7
145.1
1,922.3
312.9
I85.0
27U.9
1U7.3
38.1
37.7
71-7
15lA-Jannar7.
9.233.0
Fbbmary.
10,071.'*
March....
8, 981*.
i^ll.
8,971.3
May...
June
9.W7.7
+516.
July
9,893.0
665.5
281.7
+838.1*
-1,086.9
-13.2
8, 931. ft
.
9.923."*
+**U5.2
+30.1*
September
9,023.8
-899.
October..
HoTenber
December.
8,976.1*
9.892.0
-U7.3
+915.6
9.7'*7.9
-iW.l
Au^st..
Soorcei
•
1/
2/
^
..
Dally Treasury Statements.
Lose than $50,000.
Theee notes were originally desired to help taxpayers set aside
funds with vhlch to pay taxes and vere Imown aa Treasury tax sacrIn^ notes. Series A notes vere designed for the amaJI and moderate taxpayer; Series B and Series C notes were intended for the
large taxpayer. When the collection of taxes throu^ withholding
at the source commenced, the need for Series A tax sovlags notes
disappeared and their sale was discontinued, fiedemption proTislons
on Series A notes vere relaxed to proTlde for the payment of interest on notes thereafter redeemed for cash (see footnote 3)Sale
of Series C notes, vhlch were dasl^ied for the in-restment of idle
cash reserres as well as for the accumulation of tax reserres, waa
continued and the notes were designated treasury ssrlnge notes.
Includes matured Treasury sorlngs notes.
Series A notes, irtilch were sold from ingust 1, 191*1 through Jcme 22,
Throng June 22, 19l*3.
19^*3. yield approximately 1.92^ per annnm.
the notes could be redeemed for cash only at the original purchase
price; sinoe that date, the notes hscre been redeemed for cash at
201.
180.
1,081.7
1,283.8
4/
^
,.1*05.9
220.2
171.0
.181-3
228.0
166.0
.1*27.9
1.331*.
183.6
lUs.l
1,158.1*
36.6
22.9
22.9
198.7
12U.2
1,265.2
29.3
U1.9
162.7
the tax payment ralue current at the time of presentation.
(See
also footnote 1.) Prior to October 4, I943, the maxlmom amount
which could be used in payment of each class of tax (income, estate,
or gift) by each taxpayer dnring each taxable year vas limited to
$5,000 par Talue; this limitation was removed as of that date.
Series B notes were sold from August 1, 194l throu^ September 12,
191*2, to yield approilmBtely 0.4S^ per annum.
The anount lAiich may
be turned in on taxes is tmlimited.
The notes may be redeemed for
cash only at the original purchase price.
Series C notes vent on sale September l4, I942. Interest accrues
each month on a graduated scale (see "Treasury Bulletin" for August
19^*3. page 4) to yield epprozlmately 1.07^ per annum If held to
maturity. These notes may be used in payment of 7ederal taxes at
aiy time tvo months after the date of issue. The amount which may
be turned in on taxes is unlimited. The notes may be redeemed for
eaah six months after the date of issue at the tax payment value
current at the time of presentation. Prior to July 27, 19^*3.
notice of 30 df^B was required for .caab redemption.
See also footnote 1.
Treasury Bulletin
kM-
Sales and Redemptions of Treasury Savings Notes
-
(Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination^
71acal year
or month
February
^5
1945
Sale's of
United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(In tbousandi of dollars)
Tlical /ear
or Bontb
ADount
outetauding
•nd of
fiscal 76ar
or month 1/
Percentage dletributlon
of redeoptlone
B«deiiiptlon8
B«t ohan^e
during
fiscal year
or nonth 1/
Sales
i/
Sxcbazi^ed for
lotal
y
United States
Cash
saviags
2/
1)ond8 2/
Total
1^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
Febrtuuy
^7
1945
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In
Securltlee Issaad
mlUlona of dollere)
V I^ted States
Securities goarenteed by United States l/
OoTeniinent
ItLatrlbation tj claaaeB of holdara
Dletrlbution by claases of holders
D. S.
U.
End of fiscal
year or month
Total
amount
outstanding
S.
OoTemmeat
Total
PabUc
pul}lle and marks t-
special
lasufts
19351936.
1937.
19381939-
27.6U5
32,989
35.800
36.576
39.886
I9to.
19U1.
1.656
1.958r
3.251
laeoea
5.605
1.023
1.338r
1.693
1.791
1.835
Us. 376
118.387
6,803
8.225
2,028
2,10U
10.31IC
2,1*52
191*1.
71.968
135. 380
19W.
199.5'*3
IU.091
18.920
19l»3-Deo.
iet.508
16,503
19V*-Jaii.
167,01*3
16.663
17.220
17.573
Kb.
181,709
Mar.
183, 31*8
i^ir.
183. l*!?
May..
igU.gTii-
Federal
Eeeerve
Banks
agencies and
trust trxoAB
I».lt67
Pal)Uc
nonmarket et> la
180U9S
PabUc
Special marketIseues
able
lasoaB
Private
investor
2/
Total
public
Iseaes
2.526
23.556
28.folr
30,023
2.1*33
2,1*30
PobUc
marketable
issues
23.U91*
27.3llOr
28.835
27.989
29.579
2.561*
29, SI'S
3.770
2.551
31.730
KTI3
2.1*58
6.120
7.885
10.871
lU.287
2.180
33.115
37,982
58,988
7.11*9
li*.«99
llU,ll*l
8U.9lt8
165.725
120.880
3,793
12.703
11,1*60
136.5^
12.873
13.168
13.507
11.985
11. Sits
'*.057
12,111
153.
661*
1
3
7
10
2.61)0
fotal
amount
unmatured
outstanding
Public
nonmarketable
iesruee
62
1.261
1.188
1.556
2,151
1*.123
1*.718
366
U.665
363
'*,853
5,1*50
286
5.I6I*
286r
275
287
5.a2r
3.166
5.1(98
it.55U
1*5. 1*81
13.507
29,193
81*5
6.360
U.5U9
U.092
1.516
99.978
36,567
138,395
99.1*91
152.9W
110,583
111,911
115
176
1*,225
87
1*37
3.1*95
205
38,903
U.269
3.1*92
1*,227
91
91
7
1*95
1*2.361
1*1,752
570
539
3.378
1.537
191
188
110,161*
1*2,265
81*5
2,258
1.529
1,516
586
176
176
1.1*97
1*2,711*
2.258
170
10
13.697
13.ai6
ll*.122
ll»,287
ll*,2l*7
152. "tSO
152.1*32
199.5^3
10
10
ll*.899
165.725
109,718
120,880
19.586
20,079
20.575
U.615
10
10
10
l't.961
ll*.912
172.619
125,392
1*7,227
1,1*68
15.1*61
121*,
803
1*7,601*
l.'t75
15,976
15,803
16,651
172.1*07
Seft.
207.117
208.289
207.850
170.625
123,1*83
1*7,11*2
1.1*80
Oct.
Not.
Use.
208,608
210. 77U
228.891
20,78U
21.185
21,6glp
10
10
lOp
16,170
16,583
16,326
17,61*5
170.17?
171. 2C«
188.366p
122,759
122.205
1*7.1*20
1.1*80
1*
1*8.998
1,U70
U
50.907P
1.1*70
1*.588
l*.605
U.592
5.3U5P
18.386
IS.SUl*
Daily Treasury Statements;
(1) Totel amoautB outstanding:
(2) Securities held by U. S. Oovemjoent agencies and trust ftinfls;
reports of tha agencies and accounts with the Treasury: (3) Securities held by Federal Beserre Banks:
Preliminary.
Revised.
Leas than $500,000.
Federal Seserve Systai.
1/
2/
l*,302
U
1*1*,
l*,06l*
1*,608
Iseaee
6,085
U.262
3.735
1,186
U,o6o
July.
PaliUo
mrnmarlcete1)le
U.528
17.767
18.195
18,920
i*,623
Private
investors
Pabllc
Public
nonmarket
merketmarketable able
able
issues
Issues
iseoBB
33,1*28
29.950
Oovemment
agencies and
truBt funds and
Tedsral Eeserre
Banks
137.i*59p
1*1*.
1.183
1,186
68
150
175
166
163
150
1,187
1,187
1.187
277
1,189
1.189
1.190P
287
277
275
281*
289
Zxcludes matured secoxities, and obligations held by the Treasury.
The total amount of securities held by private investara is calculated by deducting from the total amount of securities outstanding,
the securities held by U. S. Qovemment agencies and trust funds
and by Federal Heserre Banks.
1^8
Treasury Bulletin
Eetlmated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par valusB l/ - In billions of dollarB)
End of
month
February
49
1945
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States
Section I - Data for November 30, 1944
owned by all banks and Insurance corapanlee
In the United States.
The tables In Section I present summary data as of November '}0, 19^4 from the
Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States.
The banks and Insurance companies covered
in the survey account for approximately 95
percent of the amount of such securities
Table 1.- Summary:
Revisions have been made In data previously published on the owrershlp as of
These revisions apSeptember 30, 13^^.
pear on page 53*
All Interest-Bearing Securities
(In ndlllons of dollarB)
Held by banks l/ and Insurance companies covered in Treasury Soxnr^
Total
Cleesl float Ion
amount
out stand lag
Putillc aecurltleii
Marlceta'ble Becurltles
7M6
cisl
bsaks 2/
35
Btock
savings
51*2
mutual
sOTlnge
973 insuTEmce compazLlee
656 fire,
317
casualty,
life
Ineurance
companies
bazikB
and marine
InsTjrance
companies
Held tiy
n. S.
GoTenunent
agencies and
trust funds.
and Federal
He serve
Banks
Held tly
all other
Investors
1U6,376
U9,?85
66,082
1,281
31"*
17.035
2U1
2,2lll
22,982
6
7,132
156
lU,79lt
Non-market able securities.
SU
156
10
32.630
'7.591
Total public aecurltlefl.
195,662
67,363
321
7.2«9
17,276
llt,878
2.397
22,991
60, 1(22
.
16.583
Special iBsuee
Total Interest-bearing eecurltleo Issued or
guaranteed by the Unltod States ^Z
"iT
2/
16.583
glg.gUU
Securities held In trust departmenta are excluded.
Includes trust companies.
67,363
321
7.289
^7
17.276
111.878
Table 2.- Public Marketable Interest -Bearing Securities
PARI A - ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AND BY TAX-EXEKPTION PROVISIONS
Claseifleailon
g.397
39.57't
80.1*22
Ouaranteed securities held hy the Treasury are not Included.
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States
Section
I
-
Data for November 30, 1944
-
(Continued)
(Continued)
-
Table 2.- Public Marketable Interest-Bearing Securities
(Continued)
-
PART A - ANALYSIS OF OWNERSHIP BY TYPES OF SiCCURITY, BY CALL CLASSES,
AND BY TAX-EXE1:PTI0N FHOVl3I0NS-( Continued)
Held by 'banks 1/ and ineuranee companies covered In Treaeury Surrey
Held by
\J.
Total
maovixt
Classification
ontetaadlng
973 InBurence coinpanlea
7.U16
conmerclal
iMDks 2/
35
stock
savings
banks
Percentage distribution
Types of sectirlty
Securities issued by United States
Treasury bills
Certificates of indebtedness...
TreasTiry notes
Treasuz7 bonds
Postal savings and other bonds
Guaranteed by United States
"by
5^2
mutual
sarlnga
banks
317
Total
Ufa
Inanrance
companies
S.
OoTemment
656 fire,
casualty,
and marine
Insurance
companies
agencies and
tmat funds,
and Tederel
Heserve
BenkB
Held
tjy
all other
Investors
claaaes of securities
:
,
^
.
.
.
11.2
20.2
12.3
k.k
2U.0
18.7
5I.U
3.3
3-9
92.7
.1
m
.
.8
l.U
.1
100.0
Total
10.1
8.0
18.
U.8
26.1
92.8
2.7
2.7
9U.5
81.
2U!6
57.2
.
.
•
.2
.U
.1
.1
.u
.7
100.0
100.0
100.0
100.0
t.9
9.1
3.6
13.U
73.U
3G.9
19.8
12.5
20.1
33.8
17.1
6.5
5.2
10.2
27.3
17.6
11.7
28.9
30.6
J:i
7.U
IU.5
20.6
8.6
8.2
11.2
.1
.1
51.7
.1
8.2
8.9
82.5
100.0
3.6
3-''
10.7
Call classeet
Due or first becoming callable
Within
1
year
36.7
18.2
to 5 years
3 to 10 years
10 to 1^ years
15 to 20 years
Over 20 years
Various (Federal Bousing Idmlnlstra1
7-0
g.O
35.7
27.3
30.6
3-7
1.2
1-5
9.3
11.1
29.0
27.7
10.5
12.
U.l
10.0
35.8
22.1
17.8
10.2
26.lt
tlon debentures)
5."*
100.0
Total
Tax-exemption provisions: U/
Vholly Bxeopt from Federal income taxes...
Partially exempt from Federal income taxes
Subject to Federal income taxes
Total.
.6
.3
1G.3
83.1
a.i
100.0
100.0
78-7
Percentage dlstrllntlon
Typea of security
Securities ItBUed by United States
Treasury bills
Certificates of indebtedness...
Treasury notes
Treaeury bonds
Postal savings and other bonds.
Guaranteed by TInited States 21
..
.1
33.8
66.1
1>7
5.2
94.8
13.8
86.2
.5
.2
9.2
90.8
UU.O
55.5
10.lt
89-3
2.0
lU.2
83.8
100.0
100.0
100.0
100.0
72.lt
1.3
2.2
17.2
1.0
2.3
9.7
29.0
19.7
?3.2
groape of InTestore
!
.
. .
Total
Call classes!
Due or first becoming callable
Klthln 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Orer 20 years
Various (Psderal Housing Administration debentures)
100.0
100.0
100.0
100.0
100.0
100.0
17.9
53.7
68.9
100.0
_!2J_
100.0
100.0
100.0
100.0
100.0
100.0
1*3.9
.5
67.9
59.1
25.1
2.7
7.5
16.1
7.'i
12.lt
8.2
6.2
100.0
36.6
tS-l
Total
TaJE-sTemptioD provisions: U/
Wholly exempt from Tsdsral income taxes
Partially exempt from Federal income taxes
Subject to Federal Income taxes
-
Total.
.
.8
2.1
3.2
ltl.9
1.5
8.1
19.5
7-9
79.1
.k
2.1
100.0
100.0
100.0
30.9
58.5
100.0
"5-1
Its.
.7
XT
.u
.2
.8
3
.7
•
1-.^
-M_
11.6
1.6
5.8
1.0
.6
2
9.8
21.7
U3.9
39.5
7.6
17.8
1.7
2.2
3.9
2.2
1.0
3-'*
50.0
It7.6
it.9
11.6
.1
5.6
1-3
9.8
12.1
U.9
11.6
1.6
(Continued on following page)
It.
ltl.7
38.5
.1
5.7
11.0
1U.3
6.5
7.0
17.9
.3
73.''
17.9
15.7
22.
31."
5.6
22.6
17.9
19.8
28.9
26.2
31.3
9.8
IU.5
U.l
2.U
6.0
1-5
15.7
22.
1.2
U.l
1.0
6.2
10.1
16.9
71.6
19.6
22.6
A^^
1^-7
22.lt
February
51
1945
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States
Section
I
-
Data for November 30. 1944
-
(Continued)
(Continued)
Table 2.- Public Marketable Interest-Bearing Securities - (Continued)
PART B
-
DISTRIBUTION OF OVfNERSHIP FOR EACH ISSUE OUTSTANDING
(Pap TalQ£B - In
mlHlonB of dollars)
Held by banks 1/ and Insurance companies covered in Treasury Survey
Ibius
(Tax fltatui U/ iB Bhown In parentbOBOB)
Total
amount
outstanding
973 liLsurance companies
7.1*16
commercial
banks 2/
35
stock
saving
banks
5U2
mutual
savlnes
banks
317
life
Insurance
companies
10
1*27
UU
1*89
830
2,080
21
911
rri
1
1*
11*5
152
>»7
105
50
Ul
9
361
222
606
57
25
109
31*
83
25
25
9
235
620
393
1*6
16. 1*05
g.935
(taxable)
(taxable)
(taxable)
3.539
2.25U
2,306
3,021
13
28
91*
51
Ik
138
119
1*
5.01*8
l*.877
98
(taxable)
(taxable)
(taxable)
1.615
U.770
2.511
1,101
982
1,658
2
1*
1*7
12
(taxable)
(taxable)
3.69U
3.1*92
2,121
2,U19
29.51*5
15,862
7/8)t
7/8iS
ysjt
7/Sil
l^k^
September
October
19U5
iglt?
l=ilt5
l?"*?
Total certlficatee of indebtednees
Treasury notes
March
^90?
3/l)<t
March
1-1/U!( March
3/l|j6
If
1-1/2*
December
March
December
1-1/W March
l-l/2!t
l-l/2<
September
September
19U5
13k^
igU?
(taxable)
(wholly)
(taxable)
2.127
718
1.606
1,1*12
5
176
1,190
16
58
10
20
19't5
(taxable)
(taxable)
(taxable)
531
1.291
3,261
357
91U
2,530
6
31
18
10
39
39
(taxable)
(taxable)
(taxable)
1.91*8
623
2,187
2.970
293
3.71*8
17.936
12,359
560
11
15
igltS
191*6
19U7
I9U7
19't8
Total Treasury notes
Treasury bonds
December
SjP
2-3/U5S
September
2-1/Zi December
3-3/lt-t
3jS
3-l/8!6
lt-l/Uj6
2)J
2Jt
2.3/1156
1-3/M
2-1/2^
Zf,
2)t
2*
2jk
5-l/8il
2-l/2fl
2)t
2)(
2-l/2it
2-3/1**
2*
3*
2*
2-1/W
2-1/2*
2*
2-1/1**
2*
2-1/1**
2-7/8*
2-1/2*
2-1/U*
Z-3/I1*
2-3/1**
2-3/1**
2-1/5*
2-1/2*
2-1/2*
2-1/?*
2-1/2*
2-1/^
2
19UU-5ll
19U5-U7
I9U5
March
June
June
19U6-56
October
December
March
19U7-52
March
June
September
19U8-5I
December
June
September
191*8-50
191*9-51
(partially)
(partially)
(partially)
2,70?
868 5/
l,2lU
51*1
zUe
1*89
}P
1*67
76
283
250
352
51
2U7
25
55
37
10
U6
26
27
316
939
U15
366
277
577
39s
179
1,169
3,525
16
98
36
4
13
22
12
80
50
3
125
75
58
18
75
39
1
31*
1*
710
98
88
827
2.285
16
91*
90
167
1*51
31*5
2
37
571
1*53
1|
i.oiu
1.292
722
19U9-51
(partially)
(taxable)
(taxable)
91*3
1
82
90
21
126
113
December
December
December
191*9-51
191*9-52
191*9-53
(taxable)
(partially)
(partially)
2,098
1.U62
306
1,212
3
109
17
16
March
September
September
1950-52
1950-52
1950-52
(taxable)
(taxable)
(partially)
1.963
1,186
l,U6l
2.865
933
June
September
September
1951-51*
(partially)
(taxable)
(partially)
1.627
7.986
755
1.058
U,5U9
309
8
21
December
December
March
1951-55
1951-53
510
1.118
367
2
861*
2
5
1952-5'*
(taxable)
(partially)
(taxable)
1,021*
375
•
302
June
June
June
1952-5U
1952-55
1953-55
(taxable)
(taxable)
(partially)
5.825
1.501
725
2,620
736
2U
2
553
278
621
1
June
March
March
l95l*-56
681
2.611
1*98
1955-60
1956-58
(partially)
(partially)
(taxable)
2
31
9
September
September
Juno
1956-59
1956-59
195S-63
(taxable)
(partially)
(partially)
3.823
982
919
267
December
June
December
1960-65
1962-67
1963-68
(partially)
(taxable)
(taxable)
1.U85
2,118
2,831
760
June
December
March
September
1961*-69
(taxable)
(taxable)
(taxable)
(taxable)
3.761
3.838
5.197
2.716
81.102
1951-53
1951-55
196U-69
I965-70
1967-72
Total Tree sury bonds
l*.939
1.1*1*9
988
300
1*72
1*25
•
9
5
9
2
•
^f
16
12
15
66
99
11
18
17
1.223
3.062
1*91
12
10
\l
23
(partially)
(taxable)
(partially)
1.786
8,570
25
16
55
566
191*8
19I18
U.232
510
220
759
701
1.115
19I4S-50
227
367
(partially)
(partially)
(taxable)
19't7
831
367
571
21
159
2
383
61*1*
28tt
1,036
819
19H6-U9
3.363
183
8
1
(partially)
(partially)
(partially)
19lt6-lia
investors
l-^g^
(taxable)
Certificates of Indebtedneaa
\3kk.
December
fjsf
I9U5
Febrijary
7/8^
April
IS^^
7/8^
May
June
August
Held by
all other
11.880
Treasurr blllB.
7/8^
656 fire,
casualty,
and marine
insurance
companies
Held by
V. S.
Government
agencies and
trust funds,
and Federal
HeservB
Banks
78
106
73
a
179
18
12
25
17
207
87
77
208
391
,2l*2
128
218
256
81
259
•
75
36
30
13
99
162
58
129
23
33
38
lU
160
27
5
16
l*U
1*8
106
86
19
27
12
10
72
135
183
159
67
99
1*2
2U
25
liO
61
38
61
231
219
129
373
2U
192
U52
93
170
382
33
22
71
60
19
83
112
157
1,156
22
26
687
13
172
808
88
100
72
16U
127
1.793
675
57
128
1*87
67
9
332
198
51
36
79
267
26
17
7
31
20
112
73
60
13
67
75
87
206
655
178
2
111*
10
3
770
202
28
5
59
21
38
1|8
251
509
115
136
16
ni
291*
15
283
1*93
26
71*
1.8U9
209
lU
58
73
931
,182
890
801*
1*3
191*
'121
86
73
lOU
127
21
278
205
73
73
1.361
130
109
270
1.205
I.38U
159
III
269
I.16U
1*2
1.31*9
35
110
200
270
296
Wto
719
i,6te
1,607
1,603
1.562
39
1*23
177
1*5
1*0
523
857
322
377
691
606
1,826
5,661
18.795
3
1*55
10
10
509
73
889
11
18
107
303
2,1*57
2.1*17
579
51*5
33.966
259
6.609
15.811
13.986
321
(Continued on following page)
Treasury Bulletin
52
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States
Section
I
-
Data for November 30, 1944
-
(Continued)
Table 2.- Public Marketable Interest -Bearing Securities
PART B
-
(Far values - In millions of dollars)
IsBue
(Tax Btatua U/ 1« shovn In parentheaee)
-
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO-( Continued)
-
(Continued)
1945
February
53
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States
-
(Continued)
Section 11.- Revision of Data for September 30, 1044
(In allllont of dollars)
eoan«rcl«l
Baaka
Table
Eeld by
all other
Inveetore
1.
Public flecurltlet:
Marketable eecurltles
Hon-marketable tecurltlee.
65.023
3U.32U
U5.790
66,275
80,
UU
Typee of eecurlty:
Treaeury notes.
Total
12.20U
65.023
3^1
3S
Call claeaea;
Due or first becoming callable
1 to 5 y»ars
Total
17.729
65.023
3^.32^
Tax-eiemptlop proTlslons:
Subject to federal Income taxes.
Total
51.282
65,023
28,766
3'*. 32^
Total public Becurltiee.
Table 2.-
.
part a
Par TBlues - In mllllont of dollare
Parcentace distribution by classes of secorltlas
Types of security;
Securities Issued by United States
Treasury bills
Certificates of indebtedness...
Treasury notes
Treasury bonds
Posted saTin£8 and other bonds.
Ooaranteed by tAilted States
Total
'.
.
Total.
36.9
27-3
29.5
3-7
l.l
1.5
100.0
Tax-ezeaptioD provisions
Wholly exempt from federal Income taxes....
Partially exempt from federal Income taxes.
Sobjeet to federal Income taxes
;
Total.
•
l.U
100.0
Call classes:
Due or first becoming callable
Vlthin 1 year
1 to 5 years
5 to 10 years
10 to 15 years.
.'
15 to 20 years
Over 20 years
Various (federal Bousing Adnlni strati on debentures).
.
5.6
2U.1
18.8
50.1
Treasurjj Bulletin
^k
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
February
1945
55
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
December 30, 1944
Table I.- Securities Issued or Guaranteed by the United States Government
PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES
Price data
(Price decimals are
tblrty-saconde
Held
data 1/
iffiount
cnit-
Chan^
Deecrlption
standing
(Hil-
la
mean
from
Bid
IdonB)
Held
2/
Nov. 30,
in
yield
from
Nov. 30
Maturity
yield
Sate
of
issue
Hi^
Price
igiji*
191*1*
Price range
since first traded 2/
(Price decimals are
thirty-seconds)
Iat<
High
Xiow
Price
price range 2/
(Price decimals are
thirty-seconds)
191*1*
Price
Date
Date
S, Ooverament
lesxied Tjy U.
Treaspiy toads
*1.115
3.062
- 3/15/^*8-50
i-3/¥
1.292
2,098
1,<963
l*.939
101.27
101.08
- 6/l5/l»8
- 6/15A9-51
- 9/15/'»9-51
1,011*
101.21*
101.22
101.19
-12/15A9-5I
101.15+
101.07+
- 3/15/50-52
2*
^
- 9/15/50-52
- S/15/51-53
101.28
101.10
101.25
101.23
101.20
101.28
101.09
101.24
101.22
101.20
-.02
-.02
-.02
101.16+
101.08+
100.25
100.26
101.16
101.08
100. 2l*
100.25
103.31
+.02
+.02
+.02
+.01
+.03
+.01
+.02
103. 2I*
100.1^
102.04
100.10
103.23
.00
.00
7.986
510
2i8
sf.
-12/15/51-55
100.21*
100.21*
l,02l*
2-1/2^
- 3/15/52-56
103.30
10l*.00
5.825
1,501
8,070
2se
100.15+
102.05
100.11
1,1*1*9
2-l/2i6
3.823
IOO.IU+
102.03
100.10
103.22
100.23
100.25
100.21*
100.26
100.17
100.13
100.13
100.12
100.13
100.22
100.25
100.16
100.12
100.12
100.11
100.12
100.21
+.07
+.10
+.09
+.09
+.08
.66*
lOO.OU
-.02*
-.02
2-l/l*i6
- (>l}3l^z-^^
2*
2-1/1^58
-12/15/52-56
- 3/15/56-58
- 9/15/56-59
2,118
2,831
3.761
3.838
5.197
3.281
2,716
2-l/2f.
- 6/15/62-67
1*/
100. 21*
2-1/2*
2-1/2^
-12/15/63-68 5/
6/i5/6li-69 5/
100.15
100.11
100.11
100.10
2,127
1,606
.90;*
-l2/l5/6it-69
W
V
3/15/65-70
6-71 5/
3/15/66-71
9/15/67-72 5/
100.
u
100.20
+.01
+.07
+.07
l.llO*
.01*
.01
1.37
.01
1.62*
« _
1.66
.00
.00
1.71
1-73
1.75
1.70
1.77
1.88
1.88
1.91
.01
.01
.01
.01
.02
1.78
1.83
1.91
1.92
2.03
1.93
1.94
1.96
2.13
2.18
.01
.01
1.95
2.02
1-97
2.17
2.19
\%
.00
.02
\m
.02
.02
2.1*7
2.1*8
.01
.01
.01
2.1*8
2.1*8
2.1*5
2.1*7
zM
2.1*8
2.1*8
3/15/1*1
12/1/1*2
1/15/1*2
iolt.05
8/2A1 100.22
9/20/1*1*
9/25/1*1*
12/15A1
3/31A1
101.20
101.12
100.26
101.16
106.16
6/26/1*1*
100.20
5/I5A2
i*/i5A3
9/15/1*3
12/1/14*
6/2A1
2/l/¥*
5/5/'*2
12/1A2
'*/l5/l*3
Km
2.1*8
2.1*8
12/1/1*1*
2.1*6
2.1*7
10/20Al
2/25A1 102.05
100.01 12/23 A2
100.06
8/5/42
9/20/lA 100.04 10/6/42
9/19/1*1* 100.03
8/5/1*2
101.15
101.30
101.28
101.27
9/1/1*1*
100.01
100.08
9/25/1)1* 100.03
12/5A1 100.01
8/2/1*1 101.04
9/25/1(1*
101.15
101.30
101.28
101.27
4/24
9/20
9/1
9/20
9/19
II/2A2 101.20
5/3A3 101.12
101.2s
101.06
101.18
101.12
101.09
9/25 101.00
9/25 100.21
100.26
11/8/1*3
9/25 100.06
12/5A2 100.26 12/26 100.08
3/zo/ki 104.05
6/3 103.20
4/1
2/1
1/13
1/13
1/13
i/ii
1/3
100.08 7/2U/44 100.20 9/20
102. ll*
100.16 2/13/42 102.08 9/25
100.10 12/30^4 100.09 12/19/41* 100.10 12/30
105. 08
101.30 12/26/41 103.26 11/18
100.21* 12/30/41* 100.01
2/29/41* 100.24 12/30
100.08 7/24
101.20
2/1
100.09 12/19
103.06
2/1
100.01 2/29
101.01 5/29A3 100.00 8/17A2 100.
100.26
6/1^3 100.00 2/17/1)4 100,
100.20
100.00
3/2/1)1* 100,
100.12 12/30/1*4 100.00
3/2/UD 100,
100. lU 9/16/1*1* 100.00 2/16/44 100,
100.12 12/30/1*1* 100.06 12/19/44 100.
103.15 11/5/1)1 100.01
1/2/42 100.
100.09
2/4
100.00 2/17
100.00
3/2
100.00
Vf
100.00 2/16
100.06 12/19
100.11
7/8
9/20/1*1*
12/30
12/30
12/30
12/30
9/16
12/30
12/19
Treasory notes
i-iM
3/¥
D-
3/1/1*5 5/
- 3/15A5
B-12/15/U5
-
1/1/1)6 5/
3/l5/'46
3.1*16
.90*
1,291
IJS
3,261
1-1/2SS B -12/15/1*6
1-1/1^ B - 3/15/1*7
l-l/2i6 A - 9/15/llT
1,91*8
2.707
l,6S7
i-i/i*i6
A -
-
9/15A7
A - 9/15/US
3.71*8
1-1/2J6
5,0l(«
1.615
Certificates of
indebtedness 5/
A - 2/1/U5
7/S*
B - l*/l/l*5
7/g)6
D- 5/1/1*5
7/8^
l*.770
7/858
-
2,511
7/8)8
E -
3.69U
!•-
3. '•92
7/8«
7/8*
6.395
7/SS(
't,877
.6755
100. oi*
99.30
.00
2/1/1*1*
.62
.82
-.03
.01
9/25/1*2
12/18/1*0
.85*
.83*
100.02+
100.03+
100.03
...01
.92
•.02
12/l/¥*
U/1/I*l
100.21*
100. 21*
100.08
-.01
6/26/1*1*
-.02
-.02
100 ?I
-.02
1.11
1.13
1.22
1.17
1.36
.00
.01
100.21*
100.0'
100.23
100.07
100. 21*
100.06+
100.15+
100.08
100.25
100.07+
100.16+
.8!**
T3*
If
76*
78*
.00
-.01
6/5/U2
nm
3/15/*
12/30/1*4
100.20
100.18
79*
9/9A1
.gll* 12/30/1)1*
100.30 9/23/W* 100.01
1/2/1)3 100.30 9/23 100.23 12/28
100.13 9/21/1)1* 100.07 12/2g/¥* 100.13 9/a 100.07 12/28
100.30 9/30/1*4 100.16 10/14/43 100.30 9/30 100.17 3/21
100. OS 12/23/41* 100.06 12/27/44 100.08 12/23 100.06 12/27
100.21 9/20/44 100.05
3/8/44 100.21 9/20 100.05
3/8
2/1/1*1*
12/30/44
4/1/1*1*
8/30/41*
8/30/41*
.OC*
5/1^1*
6/26/¥*
.00*
9/lAi*
.0»
10/1/1*1*
12/30/1)1*
12/l/Wt
12/30/44
82je
Qoaranteed
'by tT.
S.
.86* 1/24/U4
.66* 12/30
1/24
10/30/42 100.16 1/15 100.04 12/30
98.28 10/6/42 100.00 11/20 99-22 i/a
.84* 12/30
.85* 12/29/44
.85* 12/29
99.02 12/29/42 100.08 8/22 100.00 3/15
7/7/1*3 100.00
100.18 10/25/1*1
8/30/1)1)
8/1/1*1*
gljS
8136
-.01*
-.19*
-.01*
-.02*
l*2i«
6/1/1*5
8/1/1*5
9/1A5
- IO/1A5
B - 12/1A5
.65i«
100.05
99.31
8/31/1)1*
8/30/1)1*
3/a
3/21/44
3/29/44
6/23/44
.79* 7/10/44
.80* 11/21/44
12/30
8/30
8/30
8/30
8/31
.81* ll/a/44
.81* ll/a/44
.gg6 12/19/44
8/30
12/30
81* 12/30
ii/a
11/a
4/24
12/30
3/29
6/23
7/10
11/21
12/19
QoTemment 6/
Commodity Credit Corp.
$412
1-1/8*
- 2/15/45
100.01
100.02
100.02
.00
.60*
-.22*
7/21/41
PART B - TAXABLE TREIASUHX BILLS
.&aouBt
out(Mlllloas)
101.00
9/2A1
99.25 12/27/41 100.09
56
treasury Bulletin
Over-the-counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
December 30, 1944 - (Continued)
Table 1.- Securities Issued or Guaranteed by the United States Government - (Continued)
PART
-
TAX-EXEMPT BONDS AND NOTES
Febrtuuy
1945
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
December 30, 1944 - (Continued)
Table II.
AnoTULt
<mtBt ending
(Millions)
-
Securities Issued by Federal Agencies but not Guaranteed by
tlie
United States
Treasury Bulletin
58
YIELDS
OF TREASURY SECURITIES
Based on
Mean
of Closing Bid
DEC.
30,
and Asked Quotations
1944
1945
February
59
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per ennun)
Partially
tajc- exempt
Treasury
"bonds 1/
HighTaxable
grade
Treasury
corporate
bonds 1/
bonds 2/
Partially
tajc-eiempt
Treasury
bonds 1/
Taxable
Treasury
bonds 1/
Hieh-
Partially
gi-ade
tajc-oxeopt
Date
corporate
bonds 2/
Treasury
bonds 1/
HighTajcable
grade
Treasury
boads 1/1 corporate
bonds 2/
Monthly series 2/
1939- Jan..
2.5'*
2.1*3
2.96
2.90
2.87
191*2- Jan.
Feb..
Mar..
Apr.
May..
June.
2.38
2.27
2.22
2.92
2.86
2.78
Apr.
Jxily.
2.23
2.27
2.67
2.81
2.78
2.73
3.32
3.26
2.70
2.6s
2.69
3.2lt
July.
Aug..
Sept.
2.68
2.61*
3. 18
3. 18
2.65
3-15
Oct..
Nov.
2.68
2.60
2.59
3.1U
3.11
3.07
Oct..
Hot..
Dec.
2.56
3.09
iglW-Jaa.
Feb..
Mar.
2.71*
1936-Jan.
Feb.
Apr.
Majr.
Jxme.
Dec.
1937-Jan.
3.2l*
3.22
3.13
2.p
Aug..
Sept.
2.10
2.17
2.10
Feb.
Max..
2.1*8
2.1*8
2.1*6
2.76
2.30
2.80
tiay .
2.07
2.06
2. 1*5
June.
2.0l*
2.1*3
2.77
2.76
2.75
2.76
2.79
3-29
July.
Aug..
Sept.
2.0l*
2.1*6
2.7I*
2.06
2.08
2.1*7
2.73
2.73
2.60
3.11*
2-35
2.93
2.86
Oct..
Not..
2.09
2.10
2.13
2.1*5
2.1*6
2.30
2.32
2.26
2.81
2.79
2.77
2.1*6
Feb..
Mar..
2.11
2.11
2.12
Dec.
19l*3-Jan.
2.1*1*
2.1*6
2.1*7
2.1*9
2.72
2.71
2.72
2.70
1.68
2.70
PoTj..
2.51*
3.21;
i-lar.
2.66
3.36
Apr.
2.83
2.80
2.81
3.36
3.31
Apr.
May.
June.
2.26
2.39
2.87
2.93
Apr.
May.
June.
2.05
1.96
1.91
2.1*8
2.1*6
2.1|0
2.1*5
2.6s
2.65
2.63
2.78
2.78
2.82
3.27
3.25
3.26
July.
Aug..
Sept.
2.30
2.31
2.25
2.85
2.80
2.71
July.
Aug..
Sept.
1.91
1.92
1.90
2.1+5
2.1*6
2.1*6
2.58
2.57
2.59
2.82
2.7s
2-73
3.26
3.22
3.17
Oct..
Not. .
2.21
2.09
2.01
2.70
2.65
2.59
Oct..
Hot..
1.90
2.1*8
2. 60
I.9I*
2.1*8
Dec.
1.95
2.1*9
2.61
2.63
2.69
2.68
2.67
3.17
3.15
3.1S
igltl-Jan..
2.12
2.22
2.12
2.57
2.71
2.73
19l*l*-Jan..
1.95
1.93
1.91
2.1*9
Feb..
Apr..
Hay.
June.
2.66
2.56
2.58
3.25
Apr.
2.07
2.0I*
1.91*
2.1*9
3-15
June.
2.01
Apr.
May.
June.
2.1*8
l-iay.
2.76
2.75
2.70
I.9I*
3.W
1.91
2.1*9
July.
Aug..
Sept.
2.58
2.57
2.63
3.12
3.10
3.12
July.
Aug..
Sept.
1.98
2.01
2.02
2.66
July.
Aug..
Sept.
I.S9
1.90
1.93
2.1+9
2.1*7
2.59
2.57
2.55
Oct..
2.55
2.56
2.56
3.c6
3.04
3.02
Oct..
Nov. .
1.95
1.95
2.06
2.61
2.57
2.68
Oct..
Hot.
1-93
1.90
1.87
2.1*8
2.1*8
i.lii*/
2.1*8
2.59
1.92
1.91
1.89
1.89
2. 1*8
2.621*/
2.1*8
2. lis
2.62
1.89
1.88
1.87
2.1*8
1.8l*
2.1*75/
l.SU
2.1*7
21.
22.
23.
1.3^
1.84
2.1*7
l.Sl*
2.1*7
26.
1.3!+
l.Sl*
2.1*7
1.35
2.1*7
1.81*
l.Sl*
2.1*7
June.
J^^ly.
Aug..
Sept.
Oct..
Hot.
.
Dec.
1938- Jan..
t'lar
.
-loT.,
Sec.
3.'*3
Dec.
Dec.
s'.d
Feb..
.
Dec
2.1+6
2.1*8
2.1*9
2.1*8
2.1+S
2.65
2.65
2.6U
2.61
2.58
2.58
Weekly serlee - Saturday figures 6/
19l)l*-July
1.
8.
15.
22.
29.
Jag.
5.
12.
18.
26.
1.90
1.88
1.89
1.89
1.90
2.1*9
1.90
1.91
1.91
1.90
2.1*8
2.1*8
2.1*8
2.1*9
2.1*9
2.1*9
2.1*9
2.1*8
2.59
2.60
2.59
2.60
2.60
2.58
2.56
2.57
2.56
19l*l*-Sept. 1.
9.
16.
23.
30.
Oct.
7.
ll*.
a.
28.
1.91
1.93
1.93
2.1*7
1.91*
2.1*8
1.93
2.1(8
2.55
2.53
2.55
2.55
2.55
1.93
1.92
1.93
1.94
2.1*8
2-53
2.1*8
2. '15
2.1*8
2.55
2.58
2.1*7
2.1*7
2.1*8
19l*l*-H0T.
1*.
10.
18.
25.
Dec.
16.
2330.
2.1*3
2.1*8
2.1*8
2.61
2.60
2.59
2.58
2.58
2.59
2.59
Dally series
19l*l*-D9C.
1.
2.
1*.
5.
1.89
1.89
1.89
1.88
1.83
1.88
1.88
l.SS
2.1*8
2.1*8
2.1*8
2.1*8
2.1*8
2.1*8
2.1*8
2.1*8
2.60
2.59
2.59
2.59
2.5s
2.58
2.5a
2.58
19l*l*-Dec. 11.
2.1*8
II:
1.88
1.88
1.88
1.88
1.87
1.87
2.1*8
2.59
2.5s
2.5a
2.53
2.53
2.58
18.
19.
20.
1.86
1.86
1.86
2.1*8
2. 60
12.
II:
Basis of Computation:
(l) Treasury bond yields are computed on the basis
of the mean of closing bid and ask quotations In the oTer-thecounter market, beginning September 2, 191*1; previously, closing
prices on the Ne\/ York Stock Exchange were used on days when
sales took place on the ilxchange in a particular issue and the
mean of closing bid and ask quotations on the Hew York Stock
Exchange on days ^en no sales took place.
(2) Corporate bond
yields are computed on the basis of closing prices on the
Hev; York Stock Exchange and the Hew York Curb Exchange; on days
when an issue does not sell, the price of the last preceding
sale is used.
Back Figures: Monthly and vreekly data for the period January 1933 throu^
Haroh 191*1* appeared in the "Jreasury Bulletin" for April 191*1*,
pages 57-61.
1/ Average of Troasurj' bonds neither due not callable for fifteen
years. For discussion of composition of arerage see "Treasury
Bulletin" for March ISkk, page 53. Partially tax-exempt bondfl
are those the interest on which is exempt from tho normal rates
of the Federal Income tax, except that in the case of partially
2.1*8
2.1*8
2.1*8
2.1*8
2.1*8
2.1*7
2/
^
k/
5/
6/
jj
5/
2.59
2.59
191*1*-
Dec
27.
28.
29.
30.
2.1*7
2.59
2.59
2.59
,1/
2.1*7
2.1*7
2.58
2.59
2.59
2.59
2.59
tax-exempt Treasury and United States savings bonds, interest
derived from $5,000 of principal amount ovmed by any one holder
is also exempt from the surtax rates of the Federal Income tax.
Taxable bonds are those the interest on which is subject to
both the normal and surtax rates of the Federal income tax.
For discussion of present composition of hl^-grade corporate
bond average, see "Treasury Bulletin" for January 191*5, page 56;
for discussion of its previous composition, as well as the considerations underlying its construction, see "Treasury Bulletin" for April 191*3, page 61.
Monthly aTeragee of dally figiires. Prior to April 1, 1938, corporate bonds are averages of Saturday figures.
The composition of the hl^-grade .corporate bon* aTerage was revised comnencing with November 1, 191*1*. See footnote 2.
Indicates change in composition of average.
On days when the exchanges ars closed, the date and prices of
the previous day are used.
Exchange closed.
60
OO
CVI
(O
o
Treasury Bulletin
February
61
1945
CORPORATIONS AND CREDIT AGENCIES
OF THE UNITED STATES GOVERNMENT
The new quarterly statements of United States
and credit agencies pro-
G-overnment corporations
vide
Information
regarding
their
assets
and
liabilities, (2) Income and expense, and (3) sources
and application of funds.
Two
of
these
statements
(1)
have
already been
published in
the "Treasury Bulletin":
Assets and
liabilities as of September 30, ISk-^- appeared in
the "Treasury Bulletin" for December 194-4-, pages
59-63; sources
and
application of
funds
for
the
quarter ended
September 30» 19'+'+ appeared in the
"Treasury Bulletin" for January 19'+5, pages GO-Sk-.
The third statement, covering Income and expense,
will appear in a forthcoming issue.
planned to
publish these three statements quarterly.
The March 19^5
issue of the
"Treasury Bulletin" will carry the statement of
assets and liabilities as of December 31> 19^+^;
It
is
the April 19^+5 issue will
sources
and
application
carry
of
the
funds
statement of
for
the
six
months ended December Jl, 19'+'+, and the income and
expense statement will be published In a subsequent Issue.
Treasury Bulletin
62
INTERNAL
REVENUE
STATISTICS
63
1945
Tebrtmry
Summary of Internal Revenue Collections!/
(In thousand* of dollars)
Fiscal year
or Donth
Total
receipts
from Internal rSTenua
{Dall7
Treasury
Statement)
1935
1936
193T
193«
1939
3.277.690
3.512.852
U.SgT.lMO
19MO
19U1
5.303. pit
5,6711.
Income and profits taxes
Adjustment
to Daily
Treasury
Statement
-It,
Total
internal
rerenue
collections
101
*18,521
-37.168
30,1*70
-1.133
ng
5.161,231
Total
lucone
and
profits
taxas
Corporation
Income and
excess
profits
IndiTidual
U
3.281.791
1,105,788
3. 1*91*. 331
1,1*27,1*1*6
671*, U16
U,63U,308
1,091,71*1
5,61*3,81*8
2.179,828
2,629.030
5.162,361*
2, 185, 111*
1,028,831*
5,322.771
2,129,609
982,017
572,115
738.521
1,056,909
1,299.932
9.932
1,122,
2.51*1
527.113
1,286.312
7.361.675
12,993,118
-19.6^7
10,11*1
-36,797
22. 11*3,969
-22l*,755
Ul,68U,9S7
1,565.1*77
19U3-I)aeaDlier.
5. 1*83,636
1*66,279
5.017.358
l*,590,6ll*r
2,175,56l*r
X9'^Jsni]ax7.
2,lgg,l«)9
2,1*63,723
99.921*
-669, 6U3
2,088,1*85
1,581*. 390
6,352.536
51*3.61*7
3.133.366
5,808,888
2,1*76,721
March. ...
1.039.536
2.075,328
l,9lU,138
3.''15.956
J^rll
2. 935. 115
3.330.1*35
552.959
3.023.51*5
5.73'*.l69
2,809.003
2,289,328
2,21*3,791*
HV
-395.320
-52.628
1.859.231
1,288,899
3,260,51*1*
igits
19U3
iguu
7el)nJary.
J)U16
July
August
22.368,721*
1*0.119.510
16,298,888
33.027.802
3,262,800
6,629,932
18.261,005
3.076.173
5,111,658
622,512
5,358,106
'
U,568.1
.1*13
33.71*0
71*0,1*29
137,1*52
1*20,31*1*
1,318,91*1
-607.262
-95.871
2,1*87.738
2, 396,2110
1,809.766
1.633.189
1,322.753
1*78,507
2,300,370
l,2l*l*,2B7
91*5.1*87
679,875
1*,
265,612
3,669,61*2
327.870
382,066
3,3lU,922
1*.
265,71*5
71*2,660
ll*,629,3liit
1,729,1*91
1.712,1*02
1*. 1*89, 671
1,880,1*76
1(8
31,178
U2,786
»*,2l*l
538,652
396,188
1*03,887
1,31*0.1*16
366,022
1.356.371
3,108,1*61*
Social Security
taxes
Old-age
insurance
UnsDployment Insurance 6/
Bailroad
retirement
V
6,560
ll*,509
9, 581* ,715
2,l*10,217r
Total
employment
taxes
5/
687, 1*62
1*,
5.057.236
Octoltar.
<
1.1*17,655
2,620,11*9
2. 750. 31*9
Ssptember.
.
3,1*71,121*
8,006,881*
Miscellaneous
profits
taxes U/
27.010
37.172
56,621
-635,503
-47,863
691,71*8
1, 981*, 61*6
2,702.1*86
5.7'*«.985
NoTenlor.
December.
7.351.531*
13.029.915
1.120.5g_
2,016,297
Sqtloynent taxes
l*,833r
1*8
207,339
502. 918
529.836
58,119
90,267
101,167
833,521
605,350
687,328
925,856
,185,362
895.336
,U98,705 1,131,51*6
,738.372 1,290,025
106,123
100,658
119.617
156,008
183.337
38,1*50
6,202
5.205
28,012
122,183
317.390
12,250
9.753
18,970
1.085
2,700r
287
ll*9,U76
109,1*27
122,01*8
137.871
170,1*09
211,151
265,011
3l*.665r
199, 8U9
36.859
97.336
20,206
1*9.590
3. 1*83
3,ol*9
1*3.057
97.605
3OJ.859
91.109
l*,602
1.891*
251*. 715
i*,5li2
11,081*
1*6.395
38,060
38,689
6,663
5.96U
835
136.1*75
127,81*6
5.91*1
2,688
261,058
38,508
a6,672
8,966
3.353
677
35.1*20
3l*,U78
8,501
6,836
26,gU9
131*, 095
125,1*70
21*3,026
199,507
36,981
3,101*
5,688
7.991
877
2.937
35.528
33.000
21*.
81*,
530
1,165
791*
Mi BcellaneouB internal revesae
Titcal year
or month
1935
1936
1937
1938
1939
19110
,
191*1
,
191*2
,
191*3
191***
Tatal
mltcellaneoue
Internal
revenue
Capital
Btock
tax
letate
and
gl«
taxes
1,61*9,781
2,00l*,513
91.5O8
212,112
9l*,9l*3
378,gllO
2,188,735
2,272,158
2,236,821
137,1*99
139.31*9
305,51'S
127.203
360,715
132.739
166,653
281,900
328.795
380,702
360,071
2,359,61*1
2.951*. 553
3.837.670
1*. 571. 131
5.353.336
1*16,871*
Alcoholic
beverage
taxee
Tobacco
taxee
1*10,926
505,21*3
1*58.776
500.785
551.923
567.777
593.831
567,669
587,605
579.781*
62l*,o6U
Staop
taxee
'3.133
68,990
69,919
396,891
11*3,5110
38,681
39.057
1*1*7.088
11*8,925
206,831
1. 075,1101
819,869
2,5!io
1,01*8,165
S'7.1*96
1,1*23, 1*80
608,073
697.712
780,792
923.857
1*5.155
617,373
852,069
670,015
511,210
1,618,01*5
986,1*83
50,800
728,691*
W.702
120, rtU
87,101
,3.999
191*1*- January
381.912
59
21*7
107,886
108,395
123.999
77,211
339,251*
1101,192
52,181*
38,1*50
60,361*
56.103
Ul,862
June
1*98,81*9
193
152
1,035
169.333
•tay
1*23,827
1*82,986
50.o6lt
April
U72
76,201*
68,029
72.269
67,1*70
U.123
62,61*6
57.921*
76.697
i*,586
58.720
76.351*
1*,800
182,31*5
1911,863
71.893
80,868
81.083
U.321
51.297
76.663
i*.i*50
61*,1*W*
70,206
96,775
102,910
5.233
5.591
U.l*li8
71,586
87,679
8U.763
115.099
77.521
81,180
5,31*5
5,11*2
9^,656
95,259
113,119
102,617
70.601*
U,893
119,51*2
112,1*88
183
776,889
529,058
128,357
1*7,687
209.939
77.311*
193. 918
62,670
35.310
201,911*
86,022
77.507
October.
HoTember.
December.
51*3.877
18,61*0
36U
38,520
31.707
196.077
520,025
558,989
311
1*9,690
.
Sourcel
T
1/
2/
^
I*/
29.170
182,761
203,751*
201,1*61
Total receipts from internal revenue: Daily Treasury Statements;
Beports of collectlocs made
(2) Dstalled collections by type of tex:
by collectors of Internal roTenue.
Eevieed.
Excludes collections for credit to certain trust accounts for territories and insular possessions, etc.
Includes collection of taxes withheld by employers pursuant to the
Revenue Act of 191*2 and the Current Tax Payment Act of 191*3.
Includes income tax collections on Alaskan railroads. The excess
profits tax included in this column is that imposed under the
Second Bevnnue Act of 19l*0, as amendedConsists of the declared value excess profits tax, the profit lim(1)
^
6/
7/
8/
526,222
62,323
732,332
i».275
751*,
taxee
1*00,501
6U,l*l*l*r
July
August
September.
,
379. 5'«
i*07,058
36.313r
february.
31*2,275
1*1*9,851*
igr icultural
adjustment
u
1*16,751*
38r
March
Miscellaneous
taxea
1*6,233
1*1,083
388,293
.
'
91,051
76,173
80, 161
117,502
191*3- December.
.
Manufacturere and
retailers'
exciee
taxes
211*, 068
139,091*
iting provisions of the Tinson Act, and the tax on unjust enricbaent.
Represents collections under the 7ederal Ineurance Contributions
Act commencing September 1939: prior thereto, collections under
Title VIII of the Social Security Act.
Rspreeents collections under the Tederal Unemployment Tax Act
commencing September 1939: prior thereto, collectlone under
Title IX of the Social Security Act.
Represents collections under the Carriers Taxing Act of 1937.
Includes tax collectlone under the Sugar Act of 1937 and under
the dividends tax imposed by the Act of June 16, 1933.
Treasury Bulletin
6h
COLLECTIONS OF INTERNAL REVENUE
"DOLLARS
DOLLARS'
Bllllon>
BHIIont
Total
40
40
35
35
^Fiscal year
30
30
25
25
^Comparison first 6 months
fiscal years 1944 and 1945
20
20
15
15
10
10
5
H
1930
DOLLARS
Bllllont
18
16
IS
14
13
12
I
10
9
8
7
6
S
4
3
2
I
1930
2
I
DOLLARS
Individual
Billion*
Income Taxes
18
17
I
•42
'3
19
'43
-44
'45
5
February
1945
65
Detailed Analysis of Internal Revenue Collections!/
(In thcma&nds of dollars)
Hscal Tears
Tlrst 6 months
Uecainber
Type of tax
Vlecal
jear
igWt
191*3
rtseal
ysar
19^
Income end profits taxee:
Individual:
withheld l)y auployers:
Oarrent Tai Payment Act of
Sevenoe Act of l^ks
Other:
Ourrent }J
Back
Total Individual Income taxea
19l*3
2/
7,038,1*38
Corporation!
Income taxes:
Ourrent
Back
^
Ibccess profits taxes (Second Hevenue Act of
as amended)
•
Miscellaneous profits taxes:
Dedexed value
Vinson Act
Dn Just enrlctaoent
Total mlscellaneotiB profits taxes
Total income and profits texes
Employment taxes:
Social Security taxee:
Old-age Insurance k/
I&eirrployTnent Insurance 5/ *
Total Social Security taxes.
•
Ballroad retirement 6/
Total employment taxee
Miscellaneous internal revenue:
Capital stock tax
••
•••...•.....•
Sift tax
Alcoholic hevera^ taxes!
Distilled spirits (imported, excise)..
«
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Wines, cordials, etc. (Imported, excise)
Vines, cordials, etc. (domestic, excise)..........
Brandy nsed for fortlfydng sweet wines (repealed
as of July 1, I9U0)
Dealers In distilled spirits; rectifiers; toanufacturere of etllle (special taxes)
Stamps for distilled spirits intended for export,.
Case stamps for distilled spirits bottled In bond.
Container stamps
••
.•
Tlocr taxes.
••••.•.«...
.«
Fermented malt llquora
Brewers; dealers in malt liquors (special taxes)..
Total alcoholic beverage taxes
Tobacco taxes:
Cigars (large)
Cigars ( small
Cigarettes ( large)
Cigarettes (small)
Smiff
Tobacco ( chewli^ and smoking)
Cigarette papers and tubes...
Leaf dealer penalties, etc
Cigarette and cigar floor taxee.
Total tobacco taxes
Stamp taxea:
Bonds, Issues of capital stock, deeds of conveyance, etc
Transfers of coital stock and similar interest
sales
*.•
Playing cards
Silver bullion sales or transfers
Total stamp taxes
'*.908.57l*
781*. 997
5.771.001
173,916
6,629,932
10,253,831
r
126.555 r
1.936.155
65.207
18,261,005
7,81)0,079
r
6,910,61*3
U, 136, 967
l*,762,7ll*
2, "toe, 393
r
2,277.938
383.885
521,1*31
169.775 r
11*7,01*9
5,063,861*
9.3115.198
3.''68.533 r
5,628,880
9.58lt,715
ll*,629,3ltl*
6,Oia*,701 r
8,053.867
82,012
U20
1,808
136,980
183, 71*0
U, 823,157
708
19^.
Total corporation taxes
Sstate tax
2,108,728 r
781.639
686,015
56,751*
p
8lt,2Ul
137.U52
39
257
57,060
16,298,888
33,027,802
13,9lH,«'tO
1,131,5116
1,290,025
183.337
l,U73,36l
651.797 r
122,312 r
156,00s
1.287,551*
l*3U
:
29,21*1
681,038 r
211.151
265.011
1,1(98,705
1,738.372
803,350
328,795
lnt.531
380,702
378.51'*
1*73.U56
207,1*16
32.965
37.71*5
'*.769
83,1*06
698,300
18,836
286,871
611,835
18,874
1*,027
107,916
286,000
9.030
1.193
32,920
30,068
13,2116
I
12
7,008
8,109
5.1*76
1
2
•
l,2?9
10,51^
1,369
8.51b
gii*
1*55.631*
559.152
3,375
i,6is,oU5
375,650
2.385
30,152
107
l'*.673
55,831*
3.238
1,1*23, 1«0
23.075
97
30
835.231
1.9^5
903.958
7,692
1*7,81*9
1*5.269
1,1*72
1.164
.
1*
8,556
923.857
'*,031
25,381*
731.22'*
'»7
209 r
3.765
21*, 958
1*89.
2
50
988,1*83
21.766
26,21*3
15.585
17.096
7,'«U
7.69!*
:
533.261
12,885 T
Ill
17
3.787
28
'15.155
50,800
i2l*.2lt'*
19U3
iDecemlier
Treasury Bulletin
66
Detailed Analysis of Internal Revenue Collections-^ — (Continued)
(In thousands of dollars)
ilscal jTsars
Tlrst 6 month*
DeceDber
Type of tax
19U3
Miscellaneous Internal revenue (continued)]
Manufacturers' and retailers* excise taxest
••
Lubricating oils
*•
Gasoline
Tires and tubes
Hoor taxes on tires and tubes
Mtomobile trucks and buses
••
Other atitomobllea and motorcyoles
Parte and accessories for Eutomoblles
•
Blectrlcal energy
••
Electric, gas. and oil appliances
Slectrlc light bulbs and tubes
••••
Electric signs (repealed as of II/1/U2)
Badlo sets, phonogrs^s, componeoits, eto>*a*>*>*«
•
Rionogr^pb records
••••..
Musical Inetrmnents
Mechanical refrigerators, air-conditioners, etc..
•
Matches
Floor taKee on matches
••
•••
Business and store machines
•
•••
?ars - retailers' excise
Jewelry - retailers' excise
Luggage - retailers' excise (effective U/l/¥*)...
Luggage - iaanufact\irers' excise (suspended as of
WW
•••„••;
Optical equipment (repealed as of 11/1/42),,
FhotogrE^>hic E^paratus
fiubber articles (repealed as of ll/l/Us)
Sporting goods.
•
Toilet preparations - retailers' excise
•••
Washing machines (repealed as of II/1/U2)
Firearms, shelle and cartridges
Pistols and rerolTers
Bepealed taxes not listed above
Total manufacturers' and retailers' ezoise taxes.
I'liscellaneoue taxes i
Bituminous Coal Act of 1337
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leased
vires, etc
•••
Lo cal telephone service
Transportation of oil by pipe line,.,
Transportation of persons, seats, berths
Transportation of property (effective la/l/Us)..,
Use of motor vehicles (effective 2/l/k2)
Use of boats (effective 2/l/U2)
Leases of safe-deposit boxes
•.....*•••..
Admissions to thoatera, concerts, etc.,
••
Admissions to cabarets, roof gardens, etc...
Club dues and initiation fees
Bowling alleys, pool tables, etc
Coin operated devicee
Adulterated and processed or renovated butter,
mixed flour jj and filled cheese
Oleomargarine, includlDg special taxos
narcotics, including marihuana and special taxes.
Coconut and other vegetable oils processed
National Firearms Act
All other, including repealed taxes not listed
above
•
Total mieoellaneous taxes.
Total miscellaneous internal rerrenus.
Total internal revenue collections
Adjustment to Bially Treasury Statement
..*..
Total receipts from internal revemie (Bally Trea«ar7
Statement
1»3,318
iSWt
n«cal
nacal
Tear
19"*
year
19I15
191*3
19^4
February
67
1945
MONETARY
STATISTICS
Treasury Bulletin
68
Balance Sheet of the Exchange Stabilization Fund
Ab of June 30, 1944 and September 30, 1944
Jme
30, 19IA
Ssptemlwr 30, ISVt
Cash:
Treaeurer of the United States, gold
Treasurer of the United States, checking account
J^derol Aeserre Bank of New York, special account....
Disliurslng officers' balances and advance accounts...
$1,800,000,000.00
1.333.369.61
$1,800,000,000.00
1,115,01*2.75
213,71*2,630.91
207,l39,6it«.ll|
10.370.12
7,535.30
$2,011*. 865,208.96
$2,008,1*83,387.87
Total cash
Special accounts of Secretary of the Treasury in Federal
Reserve Bank of New York:
Special account IIo. 1, gold (Schedule l)
^
Due fron foreign banks
Swiss francs
a. 139. 9n.fr
2l*,
625, 097. 01
(forel^ exchange):
$1*50, 988. it€
$107.59'*-92
17.88
505.06
2,980.05
French francs
Belgas
Sterling
All other
Foreign depositories
17. 88
505.06
2,980.05
5, 121*, 089. 02
2,lt05,5l*8.sft
6g6,390.'H
1*2,1*28.51
Total due from forel^ hanks
3.aoit.037.l6
Dae from the Oovemment of the Repahllc of Cuba
5.012,700.5'*
Investments In lAilted States OovernAent securities (Schedule 2)
so.itiw, 723.13
20.141(8,723.13
12,Ult8.12
83.389-55
35-51
l*l*.ll
2,636.00
2.636.00
$2,058,303.9'<o-io
$2,065,646,107.71*
Accrued Interest receivable (Schedule 2)
Other accounts (deferred charges)
Consnodlty sales contracts (deferred charges)
Total assets.
Liabilities and Capital
Accounts payable:
Vouchers payable
Employees' pay-roll allotment account, t&iited States
savings bonds
t-Uscellaneous
5,621,008.98
$390.79
$3,2Ui.6o
768.66
9,o4l.l7
1.13U.79
.79
3i*.9'H-6
.65
$10,200.62
Total accounts payable
Beserve for expenses and contingencies (net)
Capital account
10,181.027.03
lo,798,gi*o.oo
2,000,000,000.00
2,000,000,000.00
>«, 112,712.1)5
Earnings less administrative expenses (Schedules 3 and U),.,
Total liabilities and capital.
Back ilgures: Annual balance sheets for the years I93I* throu^ 191*0 may be
found in the "Annual Report of the Secretary of the Treasury for
$39.31S.oU
$2.058,303,9110.10
5!*,
807,91*9. 70
$2,065.61*6,107.71*
^larterly balance sheets commencing December 31. 1938 may be
found In previous issues of the "Treasury Bulletin".
191*0".
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
February
1945
69
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 2
lULted States Govarmnent aecurltieo held
Issoo
tjr
the Ezchasge Sta1>illzatlon rtmd
-
(Continued)
Treasury Bulletin
70
Gold Assets and Liabilities of the Treasury
(In milllona of dollarB)
Liabllltiea
Xnd of calvndar
year or month
Gold aseets
Oold certificates 1/
8.238.6
10,122.9
11.257.6
12.760.0
19351936.
1937.
1938-
Gold reserve
against U. S.
notes, etc. 2/
5.27't.O
7.679.5
s.959.6
9.212.3
11.872.8
1U.5U.2
15.278.6
1939
19UO
igUi
Exchange
Stabilisation
rund 2/
Sold In
General Fund
156.0
156.0
156.0
156.0
156.0
1.800.0
1.800.0
1.800.0
1.800.0
1.800.0
1.008.6
156.0
156.0
156.0
156.0
156.0
156.0
1,800.0
1.800.0
1.800.0
1.800.0
1.800.0
1,800.0
1*08.9
U«7.1t
31*1.9
1.591.6
682. ll
21.99'*.5
19. 825. It
19^3
191A p
22.736.1
22.726.3
21.937.8
20,618.7
20.56U.S
ao. 611.9
19.821.0
I8.U97.5
19U3- Decant! ar.
21,937.8
19,821.0
156.0
1,800.0
160.7
19,800.7
19.591.0
19.«77.2
156.0
156.0
156.0
1,800.0
1.800.0
1.800.0
161.1*
7ebruar7.
March....
21.918.2
21.711.6
21.599.9
19.319.2
19.150.9
19.063.5
156.0
156.0
156.0
1,800.0
1.800.0
1.800.0
151*.
May...
June.
21.U29.2
21,263.7
21.173.1
July
August
September.
20.995.9
20.926.3
20.825.1
18,876.9
18.812.U
18. 700.
156.0
156.0
156.0
1.800.0
1.800.0
1,800.0
163.0
157.9
168.3
October.
NoTember.
December p.
.
20,726.7
.
20.688.1*
18. 605.1
18.581.1
I8.U97.5
156.0
156.0
156.0
1.800.0
1,800.0
1,800.0
165.5
151.2
165.2
19>»2
^rll.
.
Source:
p
1/
20.618.7
Dally Treasury Statements,
Preliminary.
Comprises (1) gold certificates held by the public and In Federal
Beeerre Banks; and (2) gold certificate credits In (a) the Oold Oer-
2/
J/
213.2
215.3
158.1*
160.7
165.2
161*.
166.7
156.8
153.5
tiflcate Tond - Board of OoTemors. Tederal Reserre System and
(b) the Redemption Fund - Federal Beserre notes.
Beserre against United States notes and Treasury notes of 1690
Excludes gold In actlTe portion of Xxfihange Stabilisation fund
Monetary Stocks of Gold and Silver
(In millions of dollars)
Sold
End of fiscal
year or month
1935
1936
1937
1938
1939
($35 per
fine ounce)
Silver
($1.29+ per
fine ounce)
9.115.6
1,U63.1
10,608.1*
2,21*9.5
2,51*2.1
12.318.3
12,963.0
16.110.1
19I10
3,066.U
3.G05.2
Batlo of
silver to gold
and silTer in
monetary stocks
13.8
17.5
17.2
19.1
I8.3
16.5
15.5
15.9
16.1
15-7
3.939.6
191*4
I9.96J.I
22.62H.2
22,736.7
22.387.5
21.173.1
191*3- December
21.937.8
1*,208.6
16.1
19l*l*-January
21,918.2
U,17U.9
a, 711.
it.ll*7.1
16.0
16.0
16.1
191*1
191*2
19U3
February
March
1*,298.5
3.91*7.9
l*.ll*2.6
21,1*29.2
U.O8S.3
U.O83.6
3.91*7.9
16.0
16.1
15.7
20.995.9
20,926.3
20,825.1
3.938.3
3.910.1
3.905.9
15.3
15.7
15.8
20,726.7
20,688.1*
3,889.0
3,876.5
20,618.7
3,871.'*
15.8
15.8
15.8
21.263.7
21.173.1
July
August
September
October
BoTember
December p
p
u.306.3
21.599.9
April
May
June
Source;
lt.li*8.7
Dally Treasury Statement and Circulation Statement of tJnited States
Monsy.
Preliminary.
Increment Resulting from the Reduction in the Weight of the Gold Dollar, December 31, 1944
Exchange Stabilisation Fund
Payments to Federal Beserre Banks for indnetrlal loans.
Allocations of
incremsnt
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139.299.556-99
27,51*6.310.97
Philippine currency reserre
23,862,750.78
Melting losses on gold coin
2,175.121.93
1,81*8.112.91
61*5,387.965.1*5
6U5. 387. 965. 1*5
Betirement of national Bank notes
Unassigned
Total Increment
t
i
$111,753.21*6.02
23.862.750.78
327.009.02
7. 996.069. U3
7.996,069.1*3
$2, 818, 721, 1*61*. 58
Unexpended balance of
allocated increment
$2, 671*, 782.389. 33
$11*3.939.075.25
71
1945
Febraaxy
Components of Silver Monetary Stock
(In mllllonB of dollare)
Silver held In Treasury
End of calendar
year or month
Sqcurlng silver
certificates 1/
Silver bullion
coin 2/
U.2
508.7
505.7
503.7
502.7
1,137.
1,298.2
1(99.0
3.5
5.3
U9l».6
Ugl*.!
2.3
3.5
Bolllon
Bullion for
recolnage j/
Sta)Bldlar7
Silver dollars
576.9
775-9
935.8
1935.
1936.
1937.
1938.
1939-
Silver outside
Treasury
In General Fund
at cost
.2
262.7
38. It
.3
31*7.7
Ul.^
428.6
535.3
616.0
1(3.5
657.
igito...
igiti...
1,393.1
19U2...
1,516.2
1.520.0
1,520.1
Uoo.U
376.9
Ik'.k
19U3-I>ec ember.
1,520.0
I400.U
lU.U
19.1
551.8
1 9 V*- January.
396.7
20.2
538.7
395.
17.3
19-5
-.17.6
528.1*
March
1,520.0
1,520.0
1,520.1
39U.2
18.1?
15.1
April.
May...
June.
1,520.1
1,520.1
1.520.1
392.6
390.8
389.2
18.0
21.1
12.5
9.7
20.
July
August ....
September.
1,520.1
1.520.1
1,520.1
387.6
385.3
383.7
20.
October. ...
November.
December p.
1.520.1
1,520.1
1,520.1
381.8
379-5
376.9
11.9
10.2
12.8
igw
l,'t76.l
p.
February.
.
662.3
628.2
551.8
1(68.3
Dally Treasury Statements and Circulation Statements of United
States Money.
Preliminary.
Less than $50,000.
Valued at $1.29* per ounce.
1,970.1
Uh.k
323.5
350.5
366.9
372.8
1(8.1
39l(.l
3,790.2
52.5
63.0
78.8
96.8
117-2
2,806.5
3,31*6.8
1(22. U
l(,
1(93.5
l(,2l(U.8
587.3
l(,317.6
060.0
l(,
3,871.1t
96.8
68U.7
1(,208.6
685.5
686.2
691.8
l(,17l(.9
525.6
97.7
98.6
100.2
101.7
103.5
105.2
697.0
706.0
1(.088.3
i(.0S3.6
7.8
505.2
U99.8
UU8.3
7ll(.l
3.91(7.9
2.8
1.1
UU3.9
U31.6
722.3
.9
1(28.9
106.g
108.6
110.6
3.938.3
3,910.1
3,995.9
U20.1
112.5
1(05.9
^
2.1(02.3
772.0
1(11.9
2/
Subsidiary
coin 2/
68l(.7
13.1
12.8
21.2
15.1
Sliver
dollars 1/
Total sliver
at $1.29
per ounce
117.2
207.3
U, 11(7.1
1(. 11(2.6
729.1*
739.1
3.889.0
3,876.^
750.3
762.1
772.0
3,871.'(
Valued at $1.38+ per ounce.
Valued at $1.38-*- per ounce or at $1.29 per ounce according to
whether the bullion le held for recolnage of subsidiary ellrer
co^ns or for recotnage of standard silver dollars.
Silver Production In the United States and Sliver Acquisition by Mints and Assay Offlces^^
(In millions of ounces or dollars)
Calendar year
or month
I93I*
Silver
production
In
United
States
32-5
U5.6
1935
1936
1937
1938
63.'*
71.3
61.7
63.9
68.3
71.1
55.9
1939
igMO
191(1
191*2
191*3
19l*3-Hovember..
December..
U.l
191*1*- January.
2.8
.
Silver acquired by mints and assay offices
Hevly mined domestic
silver 2/
Nationalised
sliver 1/
Foreign silver k/
Ounces
Dollars
Ounces
Dollare
86.5
318.2
150.3
30l(.9
5U.6
172.5
U9U.U
271.9
2U1.5
1*2.
355.'(
156.9
333.U
312.2
U17.1
155-9
3t6.5
197.8
163.3
199.1
60.7
68.3
1(0.1
31*3.3
160.6
1*7.9
31* .0
50.9
27.1
6.0
5.5
3-9
208.0
IU3.I
62.1
5.5
99.1*
50.1
282.3
139.8
72.6
IU.3
120.5
70.5
21.8
38.0
61.1
70.6
61.6
lU.l
27.3
110.6
2.0
55-3
1.0
1*7.3
.k
.2
1(8.5
108.
531*. 3
77.2
uo.o
3.9
1*.0
February.
March
Vo
April
May
June
3.5
2.9
3.1
July
August.
September.
2.3
October.
November.
2.9
3.1
.
.
.
Source:
•
1/
2]
3-5
3-1
Silver production:
Annual Reports of the Director of the Mint for
annual figures through 191(2, releases of American Bureau of Metal
Statistics for all later figures.
Lees than ^,000 ounces or $50,000.
Jtor information on silver production In other countries from 1933
through 19I1O or 191*1, see "Treasury Bulletin" for August 191(3,
page ^k.
Acquired at 6U.61** cents per fine ounce until April 9. 1935: at
^
U/
71.11* cents per fine ounce from that date until April 23i 1935: at
77.57* cents from April 23. 1935 to December 31, 1937: at 61*. 61*+
cents per fine ounce from December 31, 1937 to July 1, 1939: and at
71.11* cents elnce July 1. 1939.
Acquired at 5O.OI cents per fine ounce. Executive Proclamation of
August 9. 1931*. repealed April 28. 1938.
Acquired at Various prices averaging approximately 5I cents per
ounce.
Treasury Bulletin
72
Seigniorage on Silver
(Ctjnmlatlve from January 1, 193*+ - I» nillioiiB of dollars)
Sources of selenlorage on silver bullion revalued 1/
Selfniorage
on sllTer
and minor
coins
End of calendar
year or month
Misc. silver
(incl. silver
bullion held
June lU, ig3U)
Newly-alned
Nevly-mlned
silver (Ppoo.
silver (Act
Dec. 21, 1933) July 6. 1939)
1935.
1936.
1937.
1938.
1939.
IS.5
lis.
16.
1*6.1
l«.7
63.7
69.5
91.7
1*8.7
36.0
58.0
7U.9
igiHD.
122.2
182.1
2U5.7
299.6
362.3
1*8.7
19U1.
igUs.
19144.
l«.7
U8.7
87.3
1*8.7
87.6
87.6
87.6
87.6
87.6
1*8.7
l«.7
1*8.7
Silver Purchase Act
of June 19.
193»*
Nationalized
silver
(Proc. of
Aug. 9. 193'*)
3it-5
226.2
302.7
366.7
3't.7
31*.
1*57.7
3K-7
1*.2
530-7
3l*.7
25-7
562.7
3l*-7
1*8.3
580.1*
58l*.3
31*.
5*.3
3U.7
3U.7
65
58U.3
3'*-7
63.6
H
Total
seigniorage
on silver
revalued
326.2
U22.1
5O8.I
616.0
705.6
Potential
seigniorage on
silver 'bullion
at cost in
General Fund
2/
271*.
758-8
950-6
759 -1*
799.7
818. S
820.6
820.7
1,055.8
1,089.0
1,01*8.2
967-3
717-3
19U3- December.
299.6
1*8.7
87.6
65
581*.
3U.7
820.6
967.3
19l*lt-January.
hs.lt
87.6
87.6
87.6
65
65
65
58l*.3
3l*-7
February.
March.
301.9
303.6
305.7
58U.3
31*.
581*. 3
3l*.7
820.6
820.7
820.7
9U3.9
926.8
922.7
i^rll.
May...
June.
308.8
315.6
322.6
1*8-7
87.6
87.6
87.6
65
65
65
58U.3
3l*-7
820.7
581*. 3
581*. 3
3'*.7
31*.:
820.
820.
887.0
878.3
791.1
July
U8.7
87.6
87.6
87.6
65.
65. u
581*. 3
581*. 3
September.
326.2
332-7
336.7
65.U
581*. 3
3U.7
3U-7
820.7
820.7
820.7
781.8
76O.U
756.7
October.
Sovember.
December.
3U2.8
351-3
362.3
1*8.7
1*8-7
87-6
87.6
87.6
65.1*
58U.3
3i*-7
581*. 3
581*.
3l»-7
820.7
820.7
820.7
7I1I.I
65.1*
.
.
.
Au^st ....
.
Source:
1/
1*8.7
1(8.7
1*8.7
1*8.7
1*8.7
1*8.7
1*8.7
65.U
Dally Treasury Statements.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to eecxire
2/
7
31*. 7
31*.
7
silver certificates.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Net Capital Movement to the United States, 1935 through October 1944
j_In
thousands of dollars.
Net capital outflow
(-)
Analysis of net ce^ltal movement
Period
Net capital
movement
728.3
717.3
Movement In
short-term
banking funds
Movement in
brokerage
balances
Movement in
transactlone
In domestic
eecuTltleo
1945
February
73
Money In Circulation
(In mlllloiu of dollara)
Paper mone^
End at fiscal
year or month
Total
money In
clreolatlon
1/
1935
193S
1937
1938
1939
Total
paper money
5.567
6,aUi
5, 111*
6,U1*7
5.92'»
5.755
6.U61
Sold
eertlfloatss
2/
117
101
88
78
72
SllTsr
csrtlfleates
701
955
1.073
1,230
7.*7
6',Usg
7.«'*8
7.2lt8
9.612
12.383
8,932
11,600
63
59
1,711*
17.
22,50U
16,1(92
21,1*38
5^
1.588
19U3-nB center..
20, "Ag
19.U30
55
1,566
igWt-Janaary.
February...
March
20.52?
20,824
21.115
19.516
19,806
20,086
55
55
55
1,522
1.507
April
May
21,552
22, 160
20,513
21,105
^
June
22,50jl
21,lt3g
1.550
1.601
1.588
22,699
23.292
21,622
22,200
22,688
51*
1.578
1.582
1.586
19U0
19U1
igUs
,
iS^..
'.'.'.. '.'.'.'..,
.
,
July. ......
^u^st
. . . .
September
October.
November
December
.
. .
.
.
p,
ta
23.79'»
2U,U25
25.019
25.307
23,300
23.875
211,151
1,1*51*
1,582
5U
5U
53
53
53
53
53
l.TS"*
1.61*9
1.51*3
1.592
1.601*
1.611
Traasuzy
notes
of 1890
2/
Otaltsd
States
notes
UNITED STATES
PENALTY FOR PRIVATE USE TO AVOID
TREASURY DEPARTMENT
PAYMENT OF POSTAGE,
OFFICE OF THE SECRETARY
WASHINGTON S5,D.
C.
OFFICIAL BUSINESS
PERMIT NO. 1002
FORM A-3/45-2000
'.,-'>
FQSyiCTORY
BUY
UNITED
STATES
>VAR
BONDS
AND
STAMPS
OOO
Treas.
HJ
10
.A2
1945
C.2
U.S. Treasury Dept.
Treasury Bulletin
Illllllliill
1
0031932
@FedFRASER