Full text of Treasury Bulletin : February 1947
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
--,
iUBRARy
^<gqM
50i'
LIBRARY
ROOM 5030
JUN 9,11972
TREASURY DEPARTIVIENT
3
mEASURY.
Md/iLiLErm
ultJKAKY
ROOM
(^01
MAR 4 -1947
mEASIfllYliMRnilBIT
FEBRUnRV-ig47
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF THE SECRETRRV
:
Rbruary 1947
Table of Contents
Page
Cumulative table of contents
Articles
Treasury market financing
Comparison of Individual Income tax effective rates and
liabilities - revenue acts of 1913-191^5
Statistical section:
Summary of fiscal statistics
Receipts and expenditures and appropriations
11
A-1
A-5
1
k
General fund of the Treasury
I6
Public debt and guaranteed obligations of the United
States Government
19
Ownership of United States Q-overnment securities
46
Prices and yields of Government securities (including
securities Issued by Federal agencies)
5**'
Corporations and certain other agencies of the United
States Government
6I
Internal revenue statlstlos
75
Monetary statlstlos
80
Capital movements between the United States and foreign
countries and net position In foreign currencies
87
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (Including percentConseages) have been made from unrounded figures.
quently the details may not add to the totals shown.
11
Cumulative Table of Contents
Treasury Bulletin
.
.
.
Ihbruary 1947
111
Cumulative Table of Contents
-
(Continued)
la«iM and pa«« aiab«r
19k6
19*7
See.
lOT.
Oct. Saft.
A«g.
JiOj
J»»
H»7
Apr.
Mar
SunuBarv of fieoal atatiatlos
Bud^atar? raoalpts aad axpandltnraa
Public dabt amd goaraataad obllgatloaa outataadiiyf
Neaaa of f laoaolng caah requiraaeata
Reoelpta and expend lturce a nd a ppropriatlona
Bud^atary racalpta and azpandltureat
Changaa In claaalf iQatlon of azpandlturaa iB TraaaQZ7 raporta affaotlra July 1 19l'6
Su^ULTT b7 aajor claaalf Icatlona
AnaljBlB of raoalpta froa latamal ravaaaa
Analyaie of ganaral axpaadlturaa
Analjala of axpandlturaa for var actlTltlaa
Aiialjala of axpaadlturaa for (1) rarolTla^ fnnda and (2) traaafara to
truat ocoouata, ate
Analyala of axpendltoraa of Gorar^aaat eorporatlaaa (vholly ovnad),
,
ate., (aat)
8
8
8-9
8-9
8-9
8-9
9
9-10
8-9
8-9
8-9
8-9
8-9
8-9
Truat accounta, ato., racalpta and azpaadltaraa
10
10
10
10
U
10
10
10
10
10
10
Meaaa of f Inaaclas caah raqulraaanta
11
11
11
11
12
u
u
11
11
11
u
12
13
13
12
13
13
12
12
13
13
12
13
13
12
13
13
1*
1*
1*
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Ik
Total bud^ataz7 racalpta and axpaadlturaa, by Montha, for raoaat yaara
Social aacurlty prograai
Bud«atar7 racalpta and axpandlturaal
Social Security Act
Pallroad PotlraaeDt Act
Pallroad UnexpIoyaaDt laauraAca Act
Stataaaat of tmat acoooatat
Fadaral Old-A^e aad SarrlTora Zaauraaaa Truat
Railroad Patlraaant Acoooat
Onaaployaant Truat Puad
Fiflad
Approprlatlona and nat contract aatborlzatloma for tha var aotlTltlaa
prognua
Ik
Ik
13
13
15-16 15-16 15-16 15-16 15-16 15-16
Caab lacOKe and out^o of tba Traaaui7t
Aaalyala by major claaalflcatloaa
Total caab lacoaa and outgo by aont^a aad calandar yaara baglaaiag vltb
January 19l»0
17
17
17
17
17
17
17
17
17
17
17
17
Oenaral Fund of the Treaaury
Aaaata, llabllltiea, aad balanca In saaaral fuad
Analyaia of chaagaa la balaaca of sanaral
fad
17
19
18
20
Publlo dett and guaranteed oblisatlone of United Stataa aovamaent
Public dabt and ffuarantaad obligatloaal
Detallod atatamaati
riacal yaara 1936-19*5
Fiacal yaara 1937.19l»6
Monthly data
Cbart
Speolal iaauaa
Ouarantead obligatioBB bald by tba Traaaorr
Cosputad Intaraat oharga aad caaipntad lataraat rate
Statutory llmltatloa - ooaditioa, aa of:
January 31 19*6
Fabruary 28, 19k6
March 31, Wke
Apri 1 30 19k6
May 31 Wkfi
Juna 30, 19k6
July 31 , Wkfi
Auguat 31 , 19*6
Saptaabor 30 19*6
Oo lobar 31 19'>6
loTaabar 30 19*6
Deeamber 31 19*6
25
laauanea and retiraaant of tba public dabt
26
20
21
CoapoaltioB of tba Intareat-baarlng public dabt
26
20
21
23-2k 23.2k 23-2k 23-2k 23-2k
22-23 23-2k
23-2I1 2k-25 2k-25 2k-25 2k-25 2k-25 2k-25
26
26
26
26
26
26
25
27
27
28
28
28
28
,
28
,
28
25
,
25
,
25
,
,
Maturity achadula of Intaraat-baarlng public aarkatabla aaonritlaa laauad
or guarantaad by tba Unl t«d Stataa
Offaringa of aarkatable iaauaa of Treaaury bead a
of indabtadnaaa
,
22
27-29 27-29 27-29 26-28 26-28 28-30 29-31 29-31 29-31
W-31
29-31 29-31
aotaa. aad cartlficataa
30
Diapoaition of aaturad aarkatabla Iaauaa of Traaanry boada, notaa, aad
eartlf icatea of ladabtedaaaa
Offarlnga aad aaturitlaa of Traaauiy bllla
22
30
30
29
29
31
32
32
32
32
32
32
31
30
32
31
31
30
33
33
33
33
33
33
32-33 32-33 32-33 31-32 31-32 33-3'' 3k-35 3k-35 3k-35 3k-35 3k-35 3k-35
(Coatlaoad en follovlag paga)
Treasury Bulletin
Iv
Cumulative Table of Contents
-
(Continued)
.
February 1947
Cumulative Table of Contents
-
(Continued)
Itan* aai t^go
19*7
r*b
Ju
.
noa^r
19''6
D«c.
KoT.
Oct.
9«pt.
Aiag.
J11I7
JuM
Mar
kfT
Corporations and pertain othgr agenoiee of tha
Un ited Statea Oovgrnnient
Asaata, llabllltlaa, and oayltall
Deca»lior 31, ''9^^
69,
73-77
March 31, 19*6
69,
73-77
61
65-69
June 30, 19*6
S«;taskar 30, 19*6.
6a
66-7<
Loaaa oatataadla^, claaalflad by tTpa of loaal
Saoaakar 31, 19*5
March 3I, 19*6
Juaa 30, 19*6
Septaahar 30, 19*6
laooiA aad axpanaal
Flrat alx aontha, fiscal yaar 19*6...
Flrat alaa aoaths, flacal 7aar 19*6..
Fiscal jaar 19*6
Flrat thrae aontha, flacal yaar 19*6.
Soureaa and applloatloB of fmdal
Flrat aU ontha, flacal yaar 19*6...
Flrat nlAa aontha, fiscal Taar 19*6..
Fiscal jaar 19*6
Flrat thraa aonths, fiscal jaar 19*6.
70-72
62-6*
63-6;
6*.65
6k-69
70-75
62-67
70-7;
70-75
76-81
68-73
7*
71
76
77
78-79
73
7*
76
In ternal revenue atatlatlce
CollactloBS of lBt«nial rvTanua:
SUMUU7 data
Chart
CoaparatlTa details for oorrent perleda
7V76
67
68
69-70
61
62
63-6*
6*
69
70
65
86-87 71-72 66-67
8*
85
78
79
80-Sl
79
80
81-82
6*
65
66-67
77
78
79-80
81.82
82
8*
79
80
Monetary statietloa
Balanca sheet of the bohange Stakllllatloa FuadI
Beceabor 31 19*5
March 31, 19*6
June 30 19*6
Septeaber 30 19*6
Cold assets and liabilities of the TT*asaT7
Increaent frca reduction In val^t of geld dellar, o«nlatlTe tol
March 31, 19*6
June 30, 19*6
Septeaber 30, 19*6
Deceaber 31 19*6
Treasury gold reoelpta, for recent quarterly periods
MonetAry stocks of gold snd sllTer
Coaponents of sllTer aoaetary stook
SllTer production In the United States and silver acqnlaltlon
by alnts and aeeay of f Icee
Seigniorage on sllTer, by typea
Money In circulation
69-70
,
69-70
66-67
,
,
81-82
83
"68
78
7*
83
8*
68
,
81)
8*
85
85
86
87
Capital Boveaente between the United 8tatea and foreign
oountrles
Hlatorlcal ai^aal7 of net capital aOTeaent elaoe 1935
Si^aary by countries
Details:
Septeaber 19*5
October 19*5
loTeaber 19*5
Deceaber 19*5
January -February 19*6
March 19*6
April 19*6
May 19*6
June 19*6
July 19*6
August 19k6
Septeaber 19*6
Position In foreign currencies
88-90
91-98
83-85 77-79
86-93 80.87
73-75
76.83
9k-96 79-81 76-78
97-102 B2.87 79-8*
88-89
90-93
90-106
76
77-93
87
88-10*
90.106
107.109
105-107
9*-96
L07-IO9
9*-99
85-87
38-90
103-105
8*-66
B8-90
9*-96
99-101
102-108 97-103 91-97
87-93 106-112 >l-97 88-9*
110-117 97-10*
108-U5 UO-117
I^bruary 1947
A-l
Treaeniry Market Financing
Eletorlcal details of Treasury market financing operations InvolTlng tonde,
notes, and certificates of Indebtedness, beginning with the Fifth War Loan,
are published In the tables on pages 30 and 31. Details of weekly Treasury
bill offerings are shown on pages 32 and 33.
Refunding During December
On
Deoember
IS,
19'*6,
On Deoember
Secretary
ths
of
Treasury Snyder announced the offering of a new
one-year T/ifl oertlfloate Issue In exchange, par
for par, for an Issue of 7/8!^ certlfloatee of Indebtedneea maturing on January 1, 19'*7f outstanding in the amount of $3,33^ million. Cash sub-
was closing,
guaranteed
obligations,
lion
1/'
By
19'V6
the
debt
certificates were
new
will mature January
the
1,
dated January
19US.
1,
They will
bear interest at the rate of 7/8^6 per annum which
will be subject to all Federal income taxes.
Interest will be payable with the principal at maturity.
end
when the Victory Loan
debt, including
stood at $278.7 bilof the calendar year
public
reduced by $19.2 billion to
was
$259.5 billion.
analysis of the financing
two months of the
year,
January and February I9U6,
when the debt
increased,
and (2) the last ten months of the
year,
March through December 19'+6. when the debt
was reduced.
operations
The
19''5.
total
There follows
scriptions were not received.
19^7 and
'}!,
the
in
an
(1) the first
Period of increasing debt,
Jtmuary-February
During the first two months of the calendar year igl^^S the public debt increased from
$273.7 billion to $279.8 billion. The outstanding debt on February 28, the end of the two-month
period, represented the all-time peak.
This increase in the debt was made up of final payments on deferred institutional purchases in the
Victory Loan,
as well as the continuing sale of
savings bonds and the sale of special issues to
Federal agencies and trust funds.
19'*^ .
Subscription books were opened on December 18 and closed at the end of business on
December 20,
exoept for the receipt of subscriptions from holders of $25,000 or less of the maturing certificates,
for which they were held
The certificates were
open through December 23.
issued in bearer form only in denominations of
1,000, $5,000, $10,000, $100,000, and $1,000, 000.
$3,1311 million,
Exchanges amounted to
leav-
ing $196 million to be paid in cash.
There was a maturity of 0.90^ Treasury notes
of 7/8^ certificates of indebtedness in February for which exchange offerings of
in January and
Reports to the Treasury on the ownership of
securities indicate that on November 30, 1946 about T0% of the maturing issue was
Oovernment
new
7/i%
The
notes
one-year certificate issues were made.
were actually a part of the regular
of 7/i% certificates maturing on the 1st
each month, but were issued for a 13-month
period to prevent two issues from maturing on the
series
owned by banks.
of
Payment of 3^ Conversion Bonds
On January
1,
19^7,
there was
also a matu-
$13 million.
conversion bonds in the amount of
These bonds were issued in 1917 and
were
from all
rity
of
3)t
exempt
Federal income taxes.
The
same date.
accounted
The
for
of
the
in
these two months
total maturities of
with $.2 billion paid in cash.
$8.5 billion,
There was also a maturity in January 1946 of a 3)(
conversion bond
issue was paid off in cash.
exchanges
^S%
Issue outstanding
in
the amount
of $16 million which was paid in cash.
Calender Year 1946 Summary
Financing operations
19'*6
followed
two
tween a small increase
February 2S,
from March
1
in
in
and a steady
the
calendar year
public
decline
through December
trend from an
the
trends, divided be-
distinct
'}!.
in
debt until
the debt
Period of reduction In the debt, MarchDecember 1946.
On February 28, 19^6,
when the
peak of the debt was reached, the cash balance of
the Treasury stood at $26.0 billion, having been
The change in
increasing to a declining debt re-
flected primarily the introduction by the Treasury of a debt pay-off program on March 1, 19't6.
1/
Throughout this article, guaranteed securities in the
bands of the public (amounting to $339 million on December 31, I9U6) are included vlth the figiuvs on
direct public debt.
A-
built up to thlB total from over-subscriptions to
Meanwhile,
the budgVictory Loan securities.
etary outiooK of the Government reached a more
favorable status than was expected on V-J Day, as
expenditures of the Federal Government declined
sharply while receipts were maintained at a level
almost as high as that of the war period.
The Treasury Department at this time Introduced a program of paying In cash some part of
the securities maturing In each month, using the
From
cash balance as the source of funds.
through
started,
March 1, when the program was
December 3I, the Treasury paid in cash 123.2 billion, or more than half, on the maturities totalExchange offerings of new
ing $'*'. 9 billion.
Issues of one-year 1/S% certificates were made
for the remainder.
five small Issues (about Zl^ billion
or less) and one large Issue ($3.3 billion) were
Another large Issue ($3.8 bilpaid off In full.
lion) was offered an exchange security in full.
In all,
The
eight
remaining
$2.5 billion
tween
limited
9^.3 billion)
to
amdunts
(ranging
maturities
exchanges
of
from
were divided becash
and
pay-offs.
The determination
ment In each
case
was
of
the particular treat-
based on such factors aa
(2) Its ownership dis-
(1) the size of the Issue,
tribution between bank and nonbank Investors,
the Government securities
(3) the condition of
market,
and [k) the probable effect of the handling on the volume of bank reserves. Cash payoffs resulted In a strain on bank reserves In
varying amounts depending on the distribution of
pay-offs between Federal Reserve Banks, commerPay-offs to
and nonbank Investors.
cial banks,
the Federal Reserve Banks withdrew reserves of
commercial banks dollar for dollar (unless offset
by market purchases of securities by the Federal
while pay-offs to nonbank investors
increased reserve requirements to the extent the
funds were placed in commercial bank deposits.
Reserve);
to
commercial banks did
bank
reserves either way.
aggregate
Pay-offs
not
The following table presents details
month from March
maturities each
the end of the calendar year.
1,
affect
on
the
1946 through
Treasury Bulletin
Disposition of Maturing or Called Securities
March- December 1946
February 1947
A-
Composition of the Gross Public Debt 1/
February 28,
December 31,
and December 31. 19'*6
19't-5,
19'*6,
Dec. }1,
19't-6
191*6
19*^
(In billions of dollars)
17.0
17.0
17.0
Dec. 31, Feb. 2S,
Treasury bills
Certificates and 0.90%
Treasury notes
Other Treasury notes..
Treasury bonds:
Bank eligible
Bank restricted 2/
Savings bonds
Savings notes
Special Issues
Other
Total
1*6.3
lit. 6
30.0
10.1
68.
52,
68.2
69.7
53.1^
1*9.6
1*8.
1*8.7
1+9.8
8.
8.0
20.9
2.5
2U
1*6.5
14.6
20.
V
3.
279.8
278.7
3.0
259.5
minimizing bank ownership of the debt while emphasizing ownership by nonbank Investors. The
maturing certificates were to a large extent held
by banks, and the cash payments have thus had the
direct effect
percent)
(III
V
6.1
6.1
6.6
16.7
5.3
16.6
5-2
11.6
3.9
214-.5
2l+.lt
18.7
17.3
3.0
7.2
1.3
100.0
19.1
26.9
19.1
19.2
2.2
9.5
1.1
100,0
17.1*
2.9
7.5
.9
100.0
Outstanding certificates and 0.90)f notes declined from B46.5 billion on December 31, 191*5 to
reflecting
$30.0 billion on December 31, 191*6,
the fact
that
most
of
which payments were made
cates of
declining
Indebtedness.
due
to
the
In
maturing Issues on
were certifi-
cash
While certificates were
the program of cash payments,
some other securities, particularly savings bonds
The growth
and special Issues, were Increasing.
In savings bonds represented the continuing sale
of savings bonds which exceeded redemptions by a
good margin. Sales of special Issues to Federal
agencies and trust funds continued at a rate comparable to that of the war period due to the
growth of various Insurance funds during the cal-
endar year
I9I16
191*6.
The fact that the securities maturing during
were largely certificates of Indebtedness
($1*^6.5 billion or 87^ of $53,1* billion) has contributed to furthering the Treasury policy of
1/
2/
2/
h/
Includes guaranteed securities In the hands of the
public
Banlc restricted issues may not
be
acquired by conmerclal banks (vlth minor exceptions) prior to specified
dates. See footnote 3 on page 21 of this issue.
On September 15, I9U6, a bank restricted Treasury bond,
in the amount of $3.3 billion, becaae eligible for bank
ownership.
Comprises primarily armed forces leave bonds, debt
bearing no interest, and guaranteed obligations. For
details see table on page 21 of this issue.
lowering commercial bank ownerAt the same time,
banks have
sold additional securities In the market In order
to maintain reserve balances.
Ownership of
the ownership
effect
of
estimates
of
the debt.
the
debt
that
The distribution of
Indicates further the
the debt pay-off program.
for
November
"^O,
for which complete ownership
show
Treasury bills
Certificates and 0.90^
Treasury notes
Other Treasury notes..
Treasury bonds:
Bank eligible
Bank restricted 2/
Savings bonds
Savings notes
Special issues
Other
Total
of
ship of securities.
96/f
of
the
191*6,
data
Ownership
the latest date
are available,
decline In the Interest-
bearing debt from December 31, 19l*5i
occurred In
the holdings of Federal securities by commercial
banks and Federal Reserve Banks.
The following
table presents ownership figures as of December 31,
191+6.
191*5,
The
February 28, 191*6, and November 30,
on page 1*8 of the statistical
table
section of this Issue presents further historical
data.
Estimated Ownership of Interest-Bearing
Public Debt 1/
December 31, I9U5, February 28,
and November }0, l^kS
191+6,
Treasury Bulletin
A-
other corporations
and
aseoclatlons la estimated
This decline reflected corporate
needs for funds for reconversion purposes and the
at I5. 3 billion.
and
i^oan
purchases
Federal agencies
payment of 19*^5 taxes.
to show Increases
Three
hand,
of
the
nonbank groups, on the other
In their holdings of Fed-
showed Increases
These
eral securities.
companies,
mutual
groups
savings
were
banks,
and
insurance
Federal
agencies and trust funds. The growth in holdings
of Insurance companies
and mutual savings banks
was made up
of
deferred purchases in the Victory
securities from other in-
of
vestors In the market.
special Issues from
issues are,
ute
as
and
trust
their
the
funds
continued
holdings, mostly of
Treasury.
for the most part,
These special
provided by stat-
investments for Federal trust funds.
cial insurance
count
in
for
and
So-
military insurance funds ac-
more than h/^ of the total holdings of
securities by Federal agencies and trust funds.
February 1947
A-5
Comparison of Individual Income Tax Effective Ratee and Liabilities
Revenue Acts of 1913-1945
eral
The following tables present comparlBons of Fedindividual Inoome tax liability and effectlre
rates
the
of
tax
Rerenue
for
selected lerels of
Acts
historical summaries
ohangee
affecting
compare effective
I913
through
covering
the
of
the
rates
">* brief
relevant statutory
computations.
of
net Income under
1945.
Tables
1
and S
Individual Income tax and
tax liabilities for (elected anounts of net Income
f°^ a single
under the Revenue Acts of 1913-19''5.
parson with no dependents, a married person with no deand a married person with two dependents.
pendents,
Table
3
shows
dependents
the
under
personal exemptions
the
various
gives summary Information
tax rates, and Table
lative surtax
by
3
with
and
credits for
revenue acts.
respect
to
Table k
the normal
shows the surtax rates and cumu-
net Income claeses under the Revenue
Acts of 1913-19'V5.
Table 6
shows
the
credit allowed.
Table I.- Comparison of Effective Rate of Individual Income Tax under
the Revenue Acts of 1913-1945
Part A - Single Person - No Dependents
earned Income
Treasury Bulletin
A-
Table !•- Comparison of Effective Rate of Individual Income Tax under
the Revenue Acts of 1013-1945 - (Continued)
Part B - Married Person (In percent)
hJo
Dependents
I^bruary 1947
A-7
Table 1.- Comparison of Effective Rate of Individual Income Tax under
the Revenue Acts of 1913-1945 - (Continued)
Part C - Married Person
-
(In peroent)
Revenue
Act
Two Dependents
Treasury Bulletin
A-g
Table 2.- Comparison of Individual Income Tax Liability under
the Revenue Acts of 1913-1945
Part A - Single Person
Revenue
Act
- ^io
Dependents
A-9
February 1947
Table 2.- Comparison of Individual Income Tax Liability under
the Revenue Acta of 1913-1945 - (Continued)
Part B
Revenue
Act
-
Married Person
-
No Dependents
A- 10
Treasury Bulletin
Table 2,- Comparison of Individual Income Tax Liability under
the Revenue Acts of 1913-1945 - (Continued)
Part C - Married Person - Two Dependents
Revenue
Aot
February 1947
A-ll
Table 3,- Personal Exemption and Credit for Dependents Allowed under
the Revenue Acts of 1913-1945
Revenue Act
A- 12
Table 5.- Individual Surtax Rates and Total Surtax under
the Revenue Acts of 1913-1945
Met Incoae sub-
Treasury Bulletin
February 1947
A- 13
Table 5.- Individual Surtax Rates and Total Surtax under
the Revenue Acts of 1913-1945 - (Continued)
Met Inooaa tub-
A-lh
Table 5.- Individual Surtax Rates and Total Surtax under
the Revenue Acts of 1913-1945 - (Continued)
Net incoi
Treasury Bulletin
February 1947
A-15
Table 6.- Earned Income Credit under the Revenue Acts of 1913-1945
Kind of
credit
Earned net
Income 1/
Limit of
credit
Revenue Act
Znaome year
1913-21
1913-23
192*^
192**-
Against tax.
All net Income up to
$5iOOO, whether earned
or not, and up to
$10,000, If earned.
?51^
1926
1925-27
Against tax.
All net Income up to
25^ of total tax on
earned net Income.
(Cannot exceed the
sum of 25lt of normal tax on entire
net Income and 2^%
of surtax on earned
None.
5,000, whether earned
or not, and up to
20,000, If earned.
of normal tax on
earned net Income.
(Cannot exceed ?5l»
of normal tax on
entire net Income.)
net Income.)
1928
1/
I92S-3I
1932
1932-33
I934_te
193*^-'*3
'Earned Income" means wages, salaries, professional
fees, and other amounts received as compensation for
personal services actually rendered; and In the case
Against tax.
All net Income up to
5,000, wnether earned
or not, and up to
30,000, If earned.
251t
All net Income up to
3,000, whether earned
or not, and up to
11^,000, If earned.
10^ of the earned net
Income, but not In
excess of 10^ of the
entire net Income.
of total tax on
earned net Income,
(Cannot exceed the
sum of 25'5t of normal tax on entire
net Income and 251^
of surtax on earned
net Income ,
None.
Against net
Income
of a taxpayer engaged In trade or business, a reasonable
allowance as compensation, not In excess of 20J( of his share
of the net profits.
Februanf 1947
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
(la
Bllllou
f>r
doUara)
Co«plata flacal jaara,
19*5 to 19*8
First 6 Bontha,
flacal 7»ara 19*5 to 19*7
Chaaga 1/
latlBatal 1/
19*5
19*6
19*7
ChaB^a
19*6
19*7
19*8
30,885
1,701
7,725
27,13*
1,9*1
8,013
26,661
2,681
6,8*7
19*5
19*6
19*7
PaoalptBI
lataraal raTanua:
Incoae and profits tazea
EMplojvant taZQS
Mlacallanaous lataraal raTaaua 2/.
CuatoHa
Othar racalpta
^,
Total raoalpte.
Actual
19*6 to
eatlsato4
19*7
-3,751
15,060
850
3,653
1*,099
819
3,975
12,285
90*
*,17*
-1,61k
*199
35,173
1,780
6,9*9
160
1,25*
197
l,kk8
260
1,5*5
63
97
355
3,*e3
*35
3,*93
*96
*,001
517
61
3.0U
508
20,977
20,539
19,168
-1,371
*7,7*0
**,239
*1,585
39,717
-2,65*
663
635
702
67
1,283
1,355
1,987
15*
20,31*
19.903
18,*66
-1,*37
*6,*57
*3,038
*0,230
37,730
-2,808
2*, 183
19,08*
9,889
3,309
2,775
-15,77*
15,052
50,337
30,0*7
27,800
15,161
7,65*
5,116
7,367
*,k20
-20,1*6
-10,0*5
*2
«k2
1,900
250
1,900
*,917
3,715
1,567
-2,1*8
9,6*5
5,581
3,*56
l,5k2
-2,125
13.579
-30 ,*16
7,001
5.000
2,0k0
3.265
2,U7
12,002
1*,585
Ik.Okl
2,583
*76
950
325
1,500
1,200
1,500
833
3,251
1,200
2,*l8
762
815
323
1,093
980
852
k07
1,*03
1,680
1,23*
1,257
2,555
10
1,720
1.308
l,k69
3,356
25
700
85
2k0
288
Lasa:
Rat appropriations to fadaral Old-A^a
and SuTTlTora laaoranca Truat Pond.
. .
.
Hat racalpta.
Eipandlturaa:
War and dafanaa actlTltlaa:
War Departaant
NaT; Dapartaant
Araad rorcas LasTS Act of 19*6)
Bonds
Caah
Mlaoallanaoua war and dafanaa aotlTltlas
Total.
Vatarans* Admlalatratlon, lataraat oa public dabt, and rafunda of taxaa and
dutlas:
Vaterana' Adalnlstratlon */
Interaat on ths public dabt
Pefunda of taxas and dutlaa
^
Total.
60*
60*
**,152
32,688
8,297
-2*, 391
90,029
*8,5*2
18,126
586
1,*93
677
1,06*
1,975
1,095
3,3*7
2,236
857
2,283
2,060
3,617
1,707
*,253
*,722
3,027
7,518
*,950
2,756
International finance:
Bratton Vooda A^aaaanta Act:
Intamatlonal Bank
Intamatlonal Monetary Fund
Export* laport Bank - capital atock.
Cradlt to United Ilngdoa
196
500
183
6*0
261
-238
6,**0
2,307
159
158
159
325
600
151
600
67*
17*
1,08*
909
162
*99
189
1,235
1,073
591
586
1,126
397
398
*,13*
17*
Total.
Aid to a«rlculturs */
Social security prograa */ 6/,
Public vorka
Othar general expenditure* */.
Peeerre for contlageaciee
-7,U5
728
92
7,38*
228
-910
317
950
-3*9
382
850
1,152
10
GoTemmeat corporations (wholly owned), ato
(net):
Peconstructlon Flnaaoa Corporation;
War aad defense actlrltlee
Other
165
-28
-221
-386
*72
-108
*1
68
-288
328
-23
Co^so41t7 Cradlt Corporation.
Other
**6
-369
-355
-268
-671
-22
-316
*70
.662
-l,Okk
-566
Total
Total expenditures.
let budgetary deficit (-) or aurplua (+).
*51
2*7
781
-790
*5*
-k9k
5k3
*20
-*86
-873
.387
-1,305
-175
829
*8,8*6
38,088
I8.k87
-19,601
100,397
63,71k
*2,523
37,528
-28,532
-18,185
-21
-18,16*
53,9kl
-20,676
2,293
-202
1
Katlaatod
19*7 to
eatlBatad
19*8
Rbruary 1947
Pnbllc Debt and Guaranteed Obllgatiana Outstandlns
(In
allUou
of dollcri)
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
February 1947
Budgetary Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In alUiona of doUara)
lipandlturaa l/
F*o*lpti
Laaa aat
approprlatloaa
to Fadaral
Oroaa r«e«lfta
risool jear
or ontb
lBt«rmal
Total
racelpta
Othar
racalpti
reTmna
£/
01d-V«
ui
SuTTlTora
19kO
19kl
5,29k
6,2k2
5,668
5,925
8,269
k,597
5,67k
5,161
5,303
7,362
k86
359
319
3k9
392
19k2
19k3
19kk
19k5
19k6
13,668
23,385
k5,k08
k7,7kO
kk,239
12,993
22,lkk
kl,685
k3,902
ko,310
3«9
32k
k31
355
k35
k,122
3,8ke
3,875
5,762
2,73k
2,998
k,k82
3,9k8
3,k51
3,68k
5,583
2,310
2,308
k,o8o
32
lk2
t2
35k
2,600
2,717
k,k8l
2,251
2,k9k
k,291
kr
2,617
2,639
k,113
2,230
2,k03
3,693
k5
k5
k3
19k5-DeceBb«r
19k6-JaDuary
.
TebniftTT
.
.
.
March
April
•toy
June
Jnlj
Augnst.
SsptoKbar
Octobar.
. .
.
IloreBber .
Doc««bor.
Source;
I
210
208
188
538
661
273 2/
515 2/
869
1,103
1,260
1,283
1,201
30
196
15
57
265
379
6k9
367
^>
kO
•
3
61
283
305
183
lk7
3kl
192
377
3
73
275
6
Dallj Traaaury Statament.
PeTlaad to Includa the not azpendlturae (otkar than ealai and
redoMptlons of obllgatlona in tha Baz^at) of Ooranaant cor*
pomtions (vhoLlj ovned), ate.
Sxolulee aaounta for public debt retlrament vblch are chargeable
to the sinking fund, etc. under epaclal proTlelens of lav.
For further detalla, aee Table P.
For explanation aee tables trtileh follov entitled "Social Sacorlt/
PrograM".
For further detalla eea Table 3>
For further det«lla aee Table V.
For further detalla, aee Table ?.
For further detalla, aee Table 6.
Total axpendlturea less net reoelpta
Includes r«cOTerla8 of n. S. InvastBi ata in capital funda. Such
oorporatloaa
(vhoUy
omad),
Rat
'budgataiT'
dafioit
8/
ato.
(Mt) 1/
608
225
-371
.208
187
232
331
320
299
1,05k
3k,29Qr
6,005
79,702r
5,635
95,573r 6,lk9
100,397
8,730
63,71k Ik, 559
26,011
72,109
87,039
90,029
k8,5k2
381
k35
556
l,6k6
1,918
1,893
1,523
1,829
-7
•1,305
1,201
k,2k5
3,kl7
2,702
2,550
2,560
2,182
2,kk2
7,0311
9,027r
9,297r
13,76*
12,799
22,282
kk,lk9
k6,k57
1.3,038
5,013
k,860
3,k35
3,8k5
k,268
3,819
3,678
5,7k7
2,677
2,733
k,k79
3,861.
5,352
3,6kk
2,932
2,755
2,965
2,529
3,662
2,539
2,k3k
k,k78
2,5kk
2,36k
k,107
6,6kl
5,985
7,313
7,109
6,079 10/
791
660
2,028
l,k90
l.kOO
3,066
2,69k
1, 27k
1,718
l,k9'>
1,09k
2,017
1,190
1,509
1,100
l,k8l
l,k36
1,580
-k32
68k
IkS
23
200
95
-31
-75
-757
18
187
-161
-870
136
-96
5
631
13
32
kS
27
21
-59
-28
k5
2,777
1,177
3,862
3,910
6,158
r
r
r
r
r
21,k91 r
57,k20 r
51,k2k r
53 ,9kl
20,676
895
l,0k2
-2k3
-1,902
1,591
1,131
873
1,105
k99
-1,723
k20
165
Jik5
recoTarias totaled t^'k Million la tha flaeal 7«&r V)^i $319 aillion In the fiscal jaar 19H] $l8 alllloa In tha flacal year 19>^|
and $10 alUlon In tha flacal T«ar 19M
Pacalpta froa reductions In capital atook and paid-in aurplua
aTallable to be relaauad under ezlating lav are Included aa aegatlTa Iteaa under expandlturea. Such reductions totaled $31^ all•
10/
lion.
IJl/
Includes dapoalte resulting fraa the renegotiation of var contracts. Information on tha aaount of such depoeita is not aTallOn the baala of
able on tha baala of Callj Treaaury 6tat«aanta
corerlng varranta, auch deposits vara as folloval flacal year
19^3, *55fl allllon; fiscal year 19'^'*, 2.235 alUionj fiscal year
19^5, $2,0^1 allllon, and flacal year 19«6, >1,063 alUlon. These
flgnraa laclode ao*called Yoluntary ratuna.
Table 2«- Analysis of Receipts from Internal Revenue
(la allllona of doUara)
rieeal year
or Bontk
Traaafare
to troat
occouata
ate. 6/
929
1,029
1,206
1,657
6,301
7,80i
5,029
5,855
5,165
5,387
7,607
k,ll8
1?8
138
33
k2_
k5
k2
kS^
503
sr
Oaoaral
War aad
dafanaa
actirl«•• 2/
^
265
387
916 S/U/
3,292
3,k83 U/
3,k93 U/
Rat
raoalpta
laaiiranea
Truat TaaA
1937
1938
1939
CoTanoaat
Total
expand 1-
.
i/
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures!/
(In
llllons of dollara)
Veterans* Adnlnlstratlon,
Interest on public debt, and
refunds of taxes and duties
Fiscal jear
or Bonth
Total
general
expenditures
Veterans'
AdBinlstratlon
2/2/
6,61tl
1937
1938
1939
5,985
7,313
7,109
6,079
19I1O
19U
19'>3
6,005
5,635
19't''
6,lli9
19112
1,503
1,567
1,561.
1,687
1,751
1,906
2,li56
Interest
on the
public
debt
Other general expenditures
Pefunds
of
taxes
and
Aid to
sgrioulture
Social
security
prograa
duties
i/2/
3/6/
V
581
582
557
557
553
866
926
9kl
l,Okl
1,111
56
59
66
89
87
5,136
k,kl6
5,751
5,k21
k,387
n/
8k7
555
572
629
93k
2,871
1,260
1,808
2,609
3,617
k,722
91
76
262
1,707
3,027
k,099
3,178
2,6k9
2,k72 15/
3,938
1,098
1,093
912
W*?
8,730
19*6
Ik, 559
19>>V!>«eaab»r..
1,S01
1,022
162
817
19H6-Januar7 .
Febraarr
582
220
255
318
309
53
l»67
U8
Marcli
791
660
2,098
.
1,815
5kk
590
692
788
8k2
163
18
970
299
17
38
67
6k6
17k
106
1,395
523
k9k
516
387
385
660
67
ka
23
75
65
1,620
k51
k92
2,W7
Julj
August.
Ssptsaber.
2,69"i
1,07k
823
1,227
k63
512
k8k
2k9
122
6k8
361
189
October. ,.
HoTOHber
DeoeHber .
l,l>9'i
785
6k9
1,561
518
k88
560
160
105
952
108
55
95
k9
ko
562 12/
98
23
77
1,02k 16/
58
29
k8
37
709
kk6
k56
Dallj Treasury Stateaant
Lobs than $^00 tkouaand.
Oensral axpendlturaa oov Include exp«adltureB for rarolTlJig fundai
back fl^uraa hare been rerlaed acocrdljiglj
Includee public vorke undertaken by the Teterana* AilmlnlBtratlon.
Doee not Include tranafere to truat aocounte etc. Theae are
ehovn In Table 5.
"Itefunds of taxee" Include asounte tranaferred to public debt accoimta to cover laananca of ezceas proflta tax refimd bonds and
exclude refunds of taxes under the Social security prograa. Kx*
cese profits tax refund bonds vere foraerly laeued to corporations entitling thsB to a post-var credit equal to 10^ of the excees profits tax paid. The Tax Adjustaent Act of 19^? reduced by
10^ the SHOunt of exceae profits tax to be paid and abollehed the
post-var credit. For aBounts of excess profits tax refund bonds
lasued, see the first table In chapter entitled "Public Debt and
Guaranteed Obligations of the United States GoTsmaent"
OutatandIng excess proflta tax refund bonds say be redeeaed at the option
of the bolder coiHienclng Jaauary 1, 19^6; vhen such redeaiptlona
occur, they vlll appear as retlreaents of public debt.
Conelete of Departaant of Agriculture expeodlturea, except forest
roade and trails which are Included In Public vorks.
Includes railroad retlreaent and railroad une^loyaent actlrltles
and excludee expenditures made by Departaent of Labor, U. S. !ployaent Serrlce (foraerly Office for Emergency Management, War
Manpower Co^alsslon, U. S. E^loysent Serrlce), under authority
of Social Security Act. For further details, see tables vfaloh
follow on the Social security program.
Includes public buildings, public highways (including forest roads
and trails), river and harbor vork and flood control, Tennessee
Valley Authority, Federal Public Housing Authority (formerly U. S.
Housing Authority), reclamation projects and the Public Works Administration. Ezoludea certain expenditures for public vorka In connection with war actlTltles by the Federal Voi^s Agency, beginning
July I9U.
Excludes e^endlturea for the TT. S. Maritime Co^aiselon, depart-
39
£/
,
10
IX/
.
8/
680
5k3
k33
323
k07
83
3,066
1/
515
51k
529
k97
550
65
50
32
June
i/
1,895
l,k76
2,2k2
1,573
1,37k
18
k06
kl5
k96
2,017
763 12/
998 12/
386
326
290
283
257
209
193
813
1,103
1,015
1,09'"
,228
,5kl
510
k8l
517
5k6
525
9k
251
l.liOO
.
Direct
and
vork
relief
2/
1,02k
80k
1,000
9k9
738
37
1,^90
1,27k
1,718
ClTllian
ConserTation
Corps
l8k
335
3k7
392
k57
26
April
.
971
85k
178
HV
.
1/
DepartBen tal
not
othervise
classified
Miscellaneous
10/
8/
3,500
6,258
10,620
.
Public
vorks
Ig/
13/
Ih/
1^/
16/
IjJ
98
65
77
73
U8
k6
k6
67
101
96
10k
105
71
6k
kS
139
68
Ilk
10k
10k
13k
167
Ikl
125
138
129
iV
129
121
66
101
l,lkl
12/
ii/
iV
ii/
Ik/
13
K/
3/
W
Ik
111
Ik/
Ik/
w
i
111
216
Ik/
w
f
3U il/
Ikl
216 11/
5/
3k7 11/
173 11/
121
Ik/
5/
k31
mental expenditures under the Social security program and the Department of Agriculture departmental expenditures. Beginning
July 19't6, Includes expenditures formerly classified as
departmental
For additional information, see "Treasury Bulletin" for August 19'*5»
page 6.
Includes expenditures for the follovlngi Office of Education, and
Public Health Service of the Federal Security Agency; Post Office
Departoent postal deficiencies; Federal MonalJig Administration;
Treasury Department InTes^ients In Federal ssTlngs and loan associations; certain expenditures of the Panama Canal; and Capital stock
of the Federal Deposit Insurance Corporation, Home Owners' Loan Cor*
poratlon, Federal home loan banks, Disaster Loan Corporation, and
Export-I^>ort Bank of Washington
Gross expenditures hare been reduced $31^ million representing the
repayment of capital funds by certain United States GoTemment agencies. For further details see "Treasury Bulletin" for June 19'*3,
page 9, footnote 12.
Includes $257 million for restoration of capital impairment of Co«modlty Credit Corporation applicable to fiscal years 19'»3 an* ig****Includes $500 million for Comnodlty Credit Corporation - postwar
price support of agriculture.
Classified OS miscellaneous expenditures co^unclng Jxily 1, 19^*5Expendlturea during the fiscal year 19^6 Inolnde t6lk million for
Export-Import Bank of Washington - capital stock, and $159 nlUlon
for International Bank under Bretton Woods Agreements Act.
Includes $921 million for restoration of capital impairment of
CcoModlty Credit Corporation effected by cancellation of notes
pursuant to the act of July 20, l^hS.
Includes the following expenditures: Credit to United Elzigdom $300 million In July 191*6, $100 million In September 19*16, and
$200 mllllcm In October 19**6; Export-Import Bank of Washington capital stock - $100 million In August 19*16, $100 million In
September 19*16, and $125 nllllon in October 19'>6; and International Bank under Bretton Woods A^p-eemants Act - $159 allllon in
Horeaber 19U6.
Ihbruary 1947
Budgetary Receipts and Expenditures - (Continued)
Table 4.- Analyais of Expenditures for War and Defense Activities
(la Hllllau sf lollan)
VuDviMrt-
Flaoal jaar
or onth
ICrloiltvr*
Dopart-
Torema
I>*p«rt- L««T« Act
of 19k6
Bt
IL
•Bt
rotoral
800 urltr
Agoac;
Valtod
ial tod
Var
Btatoa
Alt
Sorrieo
SkirMarltlaa
to
(•lalals- Pa partFlag
Cklaa
Co^atratlTo)
A4Bla.
aloa
rmt-
atiaaal SolootlTO Troao-
atloaa
oral
Vsrko
louolac
Hollof
A^Boy
aat
Bakakll*
Itatloa
t»MM Cuk
929
1,029
1,206
1,657
6,301
378
k32
k90
667
3,678
557
596
673
892
t,313
26,011
72,109
87,039
90,029
W,5li2
Ik ,070
8.580
k2,265
k9,8k2
50,337
27,800
20,888
26,538
19<>;-roco^or...
k,2k5
2,k76
990
19k6-JaBnar7
Fabniarj.
Harch
3,W7
1937
1938
1939
I9I1O
I9H
WkS
19''3
19kk
Wk?
WW
.
.
2,702
2,550
696
2,011
2,lk3
1,198
l,0kl
111
153
133
122
62
297
608
539
70
519
1,201
l,k32
l,k62
695
929
2,776
3,812
3,227
69k
132
1,105
1,922
2,0k2
1,367
215
228
185
91
60
72
kk
118
36
k6
112
72
78
60
7k
118
50
39
63
k7
37
57
96
91
33
33
ko
3k
ko
169
169
108
79
198
87
91
2k
80
kk5 2/
10
62
29
50
kl
kk
l,k20
l,ak2
l,k65
858
6k0
590
10
37
26
2k
July
August
Soptoabar
300
.
1,190
1,509
1,100
675
38k
519
551
k86
Octobor
HoToabor.
Decasbor.
.
l,li8l
,
1,''36
.
1,580
616
669
665
k85
31k
kl9
.
2k
62
1,566
883
73k
2,kll2
,
k5
kk
99
51
1,519
1,588
l,k82
JVM
^
1
15,161
2,560
2,i8e
Otkor var
aat do>
foaao aotlTltlOB
oxpondltaroa
-6
30 ,0k7
April
»«7
Svrylua
proport7
diepoaal
agaaolaa
3
131
12
k
3
TO
SkO
293
3
5
-39
U«« than 1^00 thousaaA.
AlHlAlatratlT* cziwiuab 1m carxTlBfl out prvrlalflBn of Act ar*
Inoludad uWar War, Hary, and Treaaory (Coast Guard) I>«partafe«ata
laoliilaa var public bouBla^ fuBctlnu.
Inclttdaa var •zpandlturva of Co^aarce, Juatioa, Iiit«rl«r, Labar, and
Stata Dapartaaata; CItII Sarrloa CoHd^aaloa; Kzacatlra Office of the
Praaldant (lacladlne Offloa far kargeney Waiiag<iaat)| Panaaa Ca&alj
and capital atook of Eteallar War Planta Corporation. Inolaiaa Dafaiua Aid Spaclal rund through the fleeal joar 19'i3j thereafter
aoeh eKpendl tores are reflectad vlthla the reapectlre departaaata.
Claaelfloatltm changed to reflect expaadltorea for the flacal jear
19^ under *Var actlTltiea". Prior year azpeadlturea are Uaoladad
35
-73
16
17
50
k
k
29
35
6
-3
17
10
k
22
38
28
18
108
200
kO
Uk
IkO
120
0^
66k
H
1/
382
795
991
1,022
611
36
«
53
7
k2
uader "Oeaeral*
PajBent of $370 alllioB vaa Bade on t>ec ?9^ 19^*5, hj the Federal Burplva CoMbodltlea Corporation of th« Department of Agrloultore to the
Coanodlt; Credit Corporation Im relshoraenent for agrlonltural craiodltlea proaared In aonnectioB vlth the lend-leaae prograa and refleeted In proTloua ezpendlturea \>j the C o^uodlty Credit Corporation.
Total pajaents for the flaoal year 19!^ anonnted to $9^7 nllllon.
XffeetlTo Septenher 1, 19*^, expendlturaB of the Var Shipplog Adnlalatratlon are Inoloied vlth the expendltnree of the U. 8. Narltljne
Co^alsalen to vhloh all funetlone ver* transferred for the pitrpoae of
llquldatloa hj Deoenber 31, 19^6, paraaant to Seo 202, public lav
¥92, approred Jnlj 8, 19^.
.
y
.
Table 5e- Analysis of Expenditures for Transfers to Trust AccountSt EtCe
(In nlUlona of dollara)
ttoremnent
Tlaeal year
or acnth
Teterana*
AdMlnlotratlcn
Social
oecnrlty
progras
1/2/
i/i/
19kO
19kl
608
225
187
232
331
19k2
19k3
19kk
19k5
19k6
381
k35
556
l,6k6
1,918
,126
,381
68k
lk8
6k7
lk8
1937
1938
1939
enfiloyeea
*
retlrenent
funds
(U.S. ahare)
Aid to
agrlonltore
7y
retoral
coatrlbatloa to
Slotrlet of
CeluBbla
k7
557
lk6
107
121
132
lk5
221
27k
318
302
1
30
101
73
75
87
93
18
91
103
107
177
197
126
2k7
-18
71
-3
•
19k5-CoeaBbor..
19k6-Januflry
.
.
Fobruary .
March
April
Naj
Juna
Julj
August.
Soptoabar.
.
.
Octobar.
Horeabar.
.
Deocaibar
Sourca:
•
1/
2/
.
23
23
aoo
95
162
5
5
631
226
13
32
13
32
k8
27
21
k
27
21
37
38
95
Sally Troaoury Statoaoat.
Laaa tkaa $500 thotuzid.
Attltloaal tranaactlonti an> ahovn la Tabla 3.
Coqgrlaas Adjuatad Eorrloa Cortlflcato Fnid and tha Vatlenal Sorrloo
Ilfo Ineuranca Fund, adalaiatorod by tko Totoraaa* Atalnlatratloa.
17k
223
kk
3/
k/
lacltidoa railroad rotlraaeat aad railroad anoaploiBaat actlTltloo.
For
furtkor oxplaaatloa aoo tabloa vklak follov ea aoclal aacarlty prograa.
Bapraaaata traaaaotl^ la co^aodlty food stai^o by Copartaoat of Agrloaltura. Tkia aetlrlty foraarly caae uador tha Offloo of Dletrlbutlon and prior tkoroto uador tbo Agrleoltural Markotlag Adalalatratlon.
Treasury Bulletin
Budgetary Receipts and Expenditures - (Continued)
Table 6. - Analysis of Expenditures of Government Corporations (Wholly Owned), Etc, (Net)
(In miUlons of dollars)
CoHBodlty
Credit
Flacsl jear
or Bonth
Corpora*-
tlon
Export- iMport
Bank of
Washington
Federal
Housing
Adalnlatratlon
Federal
Pakllc
Bousing
HoMe Owners*
Loan Cor-
Auttaorl t7
1937
1938
1939
-371
-208
-112
-iSll
1
320
19110
299
1,05*
136
210
55
17
233
WW
19li2
1,893
1,523
1,829
-7
-1,305
19*3
19"
I9i'5
19k6
19* Vl^ecember
.
19l)6-Januar7
.
.
February .
March
April
•toj
June
2
-53
.631V
18
187
-161
-151
October.
WoTember
December.
-59
-28
k5
.
ce:
*
X/
2/
^/
-6
-2
-31
-75
-757
-870
136
-96
.
2k2
-193
225
-391
Julj
August. .
Septeaber
.
-8
-''32
11.6
-959 2/
War and
defense
actlTltles
-329
-9
1«)
3'>7
-1 Okk 1/
poration
Peconstructlon Finance
Corporation l/
I16
-106
.20
-3
15
12
1
J.3
-60
-256
-363
-396
-323
-275
1.2
2/
725
H
2,1.62
2
-11
-66
20
-2
-1
-22
-21
-2ll
.2
-3
-3
-6
-1
3
6I1
1''5
-15
51.
-30
13
-52
53
128
107
11
-3
Dallj Treaeur? Stat«aent.
Lees than $5^0 thoiLsand
Includee tranaactlone on account of RPC Mort«a«e Coapanj, redvral
Rational Mortgafi;e Aaaoclatlon, Office of Matals Beserre, Offlo* of
Pu*bber Reeer¥o. Office of Defenoo Plante, Office of Dafenaa Suppllae, U. 5. CoBBerclal Company, War Daaa^a Corporation, and Pubber
DeTelopment Corporation.
Division betvaen expend^ turei for War and dafaaaa actlTltlaa and
other not aTallable.
Pajmenta of t957 million haTa been aada during the flecal jear 19^6
bj the Apiculture Departaent (charged as war and defeaae actlTltiaa)
to the Comodlty Credit Corporation in ralBbursesent for agricultural
.
U/
2/
-22
-22
-25
30
-1
-1
-59
75
-3
2,1.35
-71
.37H
~kk6
1172
-288
-31^2
328
-23
-159
1,936
-18
15
-9
-39
2
31.
21.7
-W
-239
Bural Klectrlflcatlon
Administration
21.
31
-96
-33
28
85
-1
11.8
-11
.2
-1
-18
-22
-16
51.
13
-3h
-uo
7
-18
-16
-15
3
-18
-19*
8
21
26
1.3
co^K»dltleB procured in eonneetlom vlth the land-leaoa prograa and
reflected In prarloua axpeadlturea of tke CesModltj Credit Corporation. Similar pajaente during the fiscal year 19'>5 amounted to
$1,182 minion.
Bepreaente payment to Co^udltj Credit Corporation under act of
February 18, 19^6.
The act of July 20, 19**6, authorlied the Secretary of the Treaaury
to cancel notes of the Commodity Credit Corporation la the amount
of $921 million for the reatoratlon of Its capital Impairment.
Thla amount la treated aa a general expenditure vlth a corraspondIng credit under Ooremaent corporations (vbolly owned), etc. (net).
Februanf 1947
Table 7. - Total Budgetary Receipts and Expenditures by Months, Beginning with 1937
(In •lllloaB of dollari)
CaleDd«r yaar
ipr.
»V
Jtiir
let bad4et«r7 r«c«lpt* 1/
193T.
1938.
»939.
19U2.
19''3-
19W.
1915.
1946.
318
262
230
30«
367
967
315
uu
799
30it
3110
5*1
1.566
565
57"
7<g
2.7t7
3.556
3.819
75!
955
3.5''7
695
5.206
6.573
6.892
1.51't
239
29't
271
2.503
3.767
3.67B
916
687
5.7'>7
213
3.087
2.929
2.677
290
tat-
B<pt.
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
(In Blllloiu of dollare)
Tot&l tru«t
funds etc
[net receipts ( + )
or net
oipendlturee (-Q
,
Fiscal year
or Month
-96 r
+li6 r
+l,20k r
+lt35 r
+906 r
1937
1938
1939
19kO
Wkl
WkS
Federal OlA-A^e and
SnrrlTOrs Insurance
Trust Fund
Becelpts
+1
+1
+3
+10
9
19''5
-1,613 r
-338 r
-2,222 r
+791
•30
WkS
-521.
+26
19l45-l)ecember..
-319
-26I1
WM
WkV
+6
+6
267
k02
530
580
717
9kO
1,190
1,363
l,k07
l,3k9
national Serrlce Life
Insurance Fund
Expenditures
Becelpts
IMeBployaent
Trust Fund
Xxpendltures
Receipts
267
kOl
529
577
707
-k
29k
751
837
957
1,118
l,2kk
1,399
1,567
1,508
1,280
l,2k3
l,kok
1,56k
1,508
+1
1
931
1,185
1,357
377
323
k6
316
Ixpsnditures
29k
763
838
959
1,11k
+12
+11
-k
+11
+26
+19
Ballroad Betireent Account
72
96
158
85
137
ko
53
ko
200
105
33
38
37
197
121
18
17
165
167
l,2k8
18
28
209
+90
-56
693
19k
102
603
+U
-28
250
131
+21
-13
April
May
June
+272
+U8
-265
+32
+23k
-251
57
265
109
25
31
361
+k8
-55
+11
223
135
17k
175
190
163
+6
+2
-16
33
lk7
277
k9
39
-161
+k
53
7k
130
21k
70
+U
37
325
-10
-15
209
218
kk
59
26
36
286
-1
-12
kk
+U
63
+28
2U6
-313
61
283
13
October.
NoTember
Decevber
.
+156
+15
.
-lt80
+k6
+239
-269
275
17
.
73
38
k2
k5
196
2k
+k8
37
93
-30
+27
+169
-ISU
-klU
Ikk
217
275
323
308
2,102
2,332
276
+23!'
Ikk
221
273
32k
312
905
-307
. .
lk6
107
125
116
,127
,351
-36
-295
July
August. .
Septenher
+11
lk8
109
123
127
-6
+3
-1
+32
.
.
+2
+2
-2
58
k5
70
52
Trust Accounts, Btc. Receipts and Expenditures
-7
-
k2
kl
155
155
53
60
1
1
(Continued
(In mllliona of dollars)
Other trust accounts 1/
Fiscal year
or Bonth
Receipts
Expenditures
Ittcreaent
on gold
Expenditures
36
320
893
February .
March
19l*6-January
Beeelpte
Seigniorage
on sllrer
Special deposit
accounts and Miscellaneous funds 2/
Sales and redeaptlons of
obligations
of OoTsraMnt
corporations,
etc., in the
arket
(net)
j/
February 1947
11
Means of Financing Cash Requirements
(In mllllona of doUu-s)
Aaount rvqulred to b« flnnncod
Fiscal 7«taor month
Total
anount
roqulrvd
to be
financed
1937
1938
1939
2,777 r
1,177 r
11,1.81. r
19W
3,910 r
6,900 r
WW
Rat
tudgetarj
deficit
1/
2,777
1,177
3,862
3,910
6,158
Rat
decraaae
In public
debt
Means of financing
r
r
622
1,1.81.
71.2
3,910
6,900
23,'.61
19l'3
6k, 27''
21,1.91
57,1.20
307
51,I>21.
358
6,515
10,662
WW
58,1.70
53,9'.l
l.,529
21,200
20,676
19U^.Deceab«r..
12,773
895
1,31.9
1,01.2
327
1,593
-21.3
61.,
191»6-Januar7
.
February
Karcb
.
.
April
May
June
July
Au^^uat.
. .
,
September.
October. .
November
December.
.
1/
U,558
531.
6U,307
57,679
521.
21,200
10,71.0
319
12,773
12,773
307
1,31.9
36
327
1,593
772
327
873
265
2,257
1,223
866
1,105
k99
-1,723
2,177
klk
1,837
1,255
3,128
1.80
1,152
721.
Dallj Tr«asur7 StAtaMeot.
ReviBed to adjust for the transfer of the net ezpendltttree (other
than ealee and redeHptlons of ohllgatioUB In the aaricet) of GoTemert corporations {wholly owned), etc. from the claaelflcatlon trust
accounts to budgetary accounts.
Ezcludee aMOunte for public debt retiresent vhlob are chargeable to
the sinking fund, etc., under special proTlelone of law, and Includes
61.,
128
338
91.7
let
recelpte
In trust
accounts
etc. 2/
3
906 r
10,1.60
577
1,593
3,1.33
272
2,1.1.7
2,398
1.8
11,298
l.,298
2,257
1,223
868
2,209
989
2,257
2,1*1
i,*a5
3,163
3,163
I-
98 r
1,210 r
1.35 r
3,705
1,1.20
2/
Net decreaae
In General
Fund balance
5,991.
61., 271.
*,298
1.20
:
7W)
3,275
2,528
58,1.70
2,Ull
1,316
3,161
165
:
2,61.6
23,1.61
1,591
1,131
-11.5
:
307
2,1.1.7
3,163
:
61. ,271.
295
1,1.20
laersase In
public debt
23, '•61
3,201
2,257
.
1,613 r
338 r
2,222 r
-1,902
3,705
Total
amount
flnancw
2,777
1,177
r
r
r
19kS
Wkk
Wk?
Bet
expend 1turee
In trust
accounts
etc. ?/
Het Increase
In General
Fund balance
1.8
231.
868
156
15
CoTemnent corporations (wholly owcnti \ etc., in^t).
Ce^rlaes trust accounts, sales and redeitptlonB of obllgatlona of
CoTeraaent corporations, etc., In the narket, lacrenent on gold,
aelsnlora^e on sllTer, nlscellanecus funds end accounts, and beginning tri th Julj 19^, a clearing account for outstanding checks.
Increnent en gold excludes expenditures for national bank note
retlreaents
Treasury Bulletin
12
Social Security Prograa: Section I.- Budgetary Receipts and Expeadltores
Table I.- Social Security Act
(IB
Tlseal 7*Ar
or antk
alUloc
of
toUan)
February 1947
13
Social Security Program
Section
I
-
-
(C!ontlnued)
Budgetary Receipts and Expenditures
-
Table 2.- Railroad Retirement Account
(Continued)
Treasury Bulletin
ll^
Social Security Progran
Section
II -
-
(Continued)
Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi/
(CumulatlTa froa orfanl cation - In llllon* of dollars)
Xxpendltures
Receipt!
fad of fiscal
year or month
Approprl»
Total
tloni by
recelpti
Congreei
Invegtments
19U2.
782 -7
1,199.6
1,792-1
2,536.2
3,502.g
191*3.
"1,720.7
765.0
1,155.0
1,705.0
2,393.1
3,288.8
U,Ui9.3
19UU.
19U5.
19U6.
6,116.0
5,711.''
7, 51*9-8
7,021.3
8,259.5
19381939iguo.
«,935-8
I9U6- October..
HoTember.
December.
Source:
ly
2/
9,370.0
9,6"t6.2
9,66U.7
17-7
Wi.6
87.1
01d-a€«
benefit
paysenti
Belnburseoient
for adnlnlstratlve
expenses 2j
Salaries,
Bureau of
Old-a^e and
SuTTlTors
In disbursing
officer's
account
In
ents
Oaneral
Fund
662.3
1,177.2
1,738.1
2,380.6
3,201.6
113.0
"1,236.8
7.0
16.1
32.0
2I1.5
1.9
5'i3.7
126
777.2
1,180.3
1,7>A.7
2,397-6
3.227-2
U,268.3
5 Wti.h
783-5
152-9
6,613.11
l,10li.O
190. u
7,6l»x.li
6,5116.3
7,5118.7
'13.5
119.2
7,929.3
8,168.7
8,lU9.S
7,828.7
7,828.7
8,078.7
511.3
295.3
19.2
M6.3
UU.7
51.8
19.3
19.3
35.1
I17.U
12.3
39.1
65.9
99.5
209-8
359.1
1,2911.11
685.6
685.6
l,iiiio.7
696.
1, 5111.9
1,239.1
1,272.7
1,306.2
19U.5
195.8
197.0
l.W.S
Unexpended balance
InTest-
Insurance^
5.1
138.6
275-6
U52.U
669.6
936.
1113.1
21U.1
301.5
U0U.7
528.5
676.3
8,68U.5
8,960.7
8,967.8
Total
expenditures
l^lly Treaaury Statement.
Includes transactloDs effected under the predecessor Old-Age Reserve
Account.
Under Section 201 (f) of the Social Security Act anendsents of 1939.
93-11
2/
7.1
9.1
11.6
.1
5,U08.9
.5
6.2
6.1
10.8
52
20.
21.
35.1
Under proTiaions of the Labor- Federal Security Act, 19ll7, salaries for the Bureau of Old-Ago and SurTlTore Insurance are payable directly fran the Tederal Old-Age and SurrlTore Insurance
Trust Tim^.
Table 2.- Railroad Retirement Account
(Cufflulative from organization - In millions of dollars)
Receipts
End of fiscal
year or month
Sxpendltures
Balance
Unexpended balance
Total
receipts
Appropriations
by Congrsss
lotsrest on
InTestments
Benefit
payments
InTaetBants
Tund
1938
1939
IU7.9
igiio
19113
1911U
390-8
506.9
650.9
871-5
639.11
8511.2
11.6
17.3
l,liili.l
1,116.9
19115
19116
1,U68.1
1,780.1
1,1125.7
27.2
U2.U
62.3
l.lOU.lt
333.0
515.6
675.7
19>t6-0otobsr-.
2,078-7
2,078.8
2,079.0
2,016.1
2,016.1
2,016.1
62.6
1,160.8
917.
62.7
62.9
1,1711.2
9OI1.6
1,187.5
891.5
1U6.$
26U.g
38U.9
i.k
3.6
5-9
I198.5
8.
268-11
19111
19U2
sTemberOeoember.
Source:
1,717.8
6s.l
82.7
92.1
87.0
10U.8
79.8
185-6
298-7
119.9
5U6.I
676.6
811.0
952.5
It
In General
1911.9
66.2
67.2
In disbursing
officer's account
1.6
2.3
.2
13.2
10.8
2.5
1.6
79.I1
7I1-O
91.5
178.0
3I8.5
500.5
657.0
1.8
10.5
11.7
12.8
U.l
1.1
812.5
799.0
785.5
13.11
.5
.9
111. 7
89.3
89.2
89.3
16.0
17.8
l6.li
16.7
Dally Treasury Statement*
Table 3«- Unenployment Trust Fund
(CuBulatlTe from orsanlsatlon - In millions of dollars)
Becelpts
bd
of fiscal
year or month
1,076-2
1938.
193919 W.
1,9111.3
2,857.9
3,971.9
5,215.5
6,6lU.O
8,180.9
9,688.6
19I11.
19U2.
19I13.
igiiii.
19115I9>t6.
19ll6-October
HoTeober.
Dscomber.
Total
receipts
10,96g.li
.
.
.
1,058.2
1,869.5
2,729.3
18.0
383.7
502.5
618.7
29.1
38.0
U7.6
651.2
652.3
683.6
106.9
106.9
106.9
56.9
56.9
56.9
105.6
5,935-0
7,28U.3
2711.3
8,5110.3
9,550.3
11,312.8
9,8118.7
10,003.0
10,019.8
181.
7.5
11.
17.I1
State unemployment Insurance
activities
Total
expenditures
Withdrawals
by
States
192.0
633-S
1,133.1
1,688.2
2,065.11
281. U
377.9
2,2U1.5
2,302.1
2,092.1*
2,152.11
501.5
2,373.11
6ii5.1
3,519.3
2,222.5
3,350-8
6I19.1
3,821-1
3,876.3
3,936.2
82.6
131.5
198.9
6U9.1
65U.3
Ibexpended
balance
Railroad
Ihssployment Insurance
Transfers
Account
to Sailroad Unemployaent
Insurance Benefit
Account
payment
y
Total
u
192.0
633.8
1,116.7
1,550-0
1,918.0
I*.
1.8
105.9
105.9
105.9
105.9
106.3
106.7
llll.2
3,621.11
11,717.3
ll,ll68.2
11,521.5
Expenditures
State
Ballroad UneBployaent
unemployInsurance Account 1/
ment Insurance
Transfers
activiRallro«l
Trans- from RailInvestties
unemployfers
road Unemnents
ment
from
ployment
Insurance
Deposits
States Insurance
contrlbuby
.Administra1/
tlone 2/
States
tion Fund kj
3,637.1
3,688.8
3,7lilt.l
Investments
Id
General
Fund
(Special
Deposit
Acco\int)
8811.2
1.280.5
1.8
105.9
105.9
105.9
105.9
106.3
106.7
106-9
106.9
106.9
1U.6
In dlBburslD£
officer's
account
Februanj 1947
15
CSash Income and
Outgo of the Treasury
Table 1.- Cash Income and Outgo, by Major Class! ficatlonsi/
(IB lllloai of
tsUui)
Treasury Bulletin
i6
GENERAL
FUND
OF
THE
TREASURY
n
Ihbruary 1947
Assets of the General Fund of the Treasury
(In BlUlons of doUara)
Knd of fiscal
7ear or Bontb
Bullion, coin,
an& cuTT»no7
2,709
2,1H9
3,087
2,036
2,812
1937
1938
1939
igito
igiii
Bepoelte In
federal
Beaarre
1,863
827
8711
984
Special depoalte
account of ealee
of GorenxMBnt
aecurltlee
Other depoalte
and collactlona
141
929
1,022
254
1,024
649
611
776
805
661
55
52
95
105
143
19l«2
3.W.3
897
10,1119
9U
19W
20,775
Wli?
25,U9
W^Jfi
Ik, 708
820
708
404
60J
1,038
1,442
1,500
1,006
1,679
7,667
18,007
22,622
12,993
265
19't3
533
507
239
305
19U5-DeceBber
.
26,520
527
1,674
24,044
275
19'*6-January
.
25,851
.
26,1.14
490
499
464
1,011
1,209
2,160
24,030
24,447
21,776
320
259
343
414
407
404
1,124
1,230
1,006
",502
16,949
12,993
253
273
305
404
416
429
702
872
1,445
10,961
9,842
8,377
377
301
273
422
416
773
8e4
682
6,936
5,487
2,570
262
239
260
.
February
March
21i,7l»3
April
Mo;
June
Juljr
21,293
18,859
111,708
12,lllil>
—
August
September
Oc tober .
HoTember
Deceaber
Source:
11, "131
10,52lt
8,393
6,965
3,920
.
.
.
408
Dailj Treasury Stateaent.
Balance In the General Fund of the Treasury
(In
Snd of fiscal
year or aonth
llllone of dollars)
Total
aesets
Total
llabllltlee
Balance In the
General Fund
1937
1938
1939
1940
1941
2,709
2,419
3,087
2,038
2,8I2
156
203
248
147
179
2,553
2,216
2,838
1,891
2,633
1942
3,443
10,149
20,775
14,708
452
643
607
421
470
2,991
9,507
20,169
24,698
14,238
26,520
517
26,003
25,851
26,414
24,743
424
453
376
25,427
25,961
24,367
21,293
18,859
14, 708
359
323
470
20,935
18,536
14,238
12,444
11,431
10,524
415
391
353
12,029
11,040
10,171
8,393
6,965
3,920
323
300
8,070
6,665
3,502
19>t3
1944
1945
1946
25,U9
1945-DeceBber.
1946-Januar7
February
March
.
.
.
.
April
May
June
July
August.
Septenber
,
October.
Horember
December
Source:
.
.
.
.
Dally Treasury Stateaent,
4l8
Treasury Bulletin
18
Analysis of Change In Balance of General Fund of the Treasury
jlM
lUloAs
a«neral
Tlso&l 7*aT
or Bontb
Total
okaag* iB
Qoaaral
of dollars • Kat laor*aa« or aot deoraas* (*)!
Trmat aocoaata, ate.
and.
paolcl
aooooaW and
Pmbllo
OoT«T«aaKt
ooryoratleaa,
•aoavmta
aooomta
2/
(wtollj
telaao*
Isor**
Trut
e«ma4\
mm allnr
i/
•12A
-338
682
-9V7
19W.
19U.
7l>2
19^2.
-3,1'>9
-1,3W>
-3,5te
-3,611
-5,103
1/
2,7'»6 8/
792 5/
3,280 1/
2,528
5,99'i
-19,598
-55,897
23, Wl
6k, 274
275
255
884
136
-148
19
66
92
148
675
.30
-228
19'>5.
"1,529
-'>9,595
-53,9''l
19 W.
•10,k<0
-20,676
64,307
57,679
10,740
-3,506
-1,861
-4,051
791
-524
U,558
-895
12,773
-319
-577
-l.Ote
772
327
-3,201
-307
-36
-295
358
6,?1?
10,662
19>>3.
19k^•S•o«b•r..
19^6-JaBaAZ7 .
.
TatouUT..
53'>
21.3
timnk
-1,593
1,902
AirU.
-3, '•33
-2,398
-4,298
-1,591
-1,131
-»73
•S.Uk
"V
JtOT
Aagiut
S«ptMik*r.
-2,209
-989
.868
•1,105
J.99
1,723
-1,152
-724
-2,177
Oota>«r...
-2,101
-1,*05
-3,163
.420
-165
W.5
-1,837
-1,255
-3,128
oT«ib«r,.
-1,316
-3,161
U
29
37
37
aprclal
l>*ealt
aAttoimta
ul
als-
fads
0tO.(llOt) 1/
1937.
1938.
1939.
BtlgB.
-99
-51
-5
k/
ClearlBS
aooavmt
6/
February 1947
PUBLIC
OF
19
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
20
Treasury Bulletin
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A
(In
Jnne 30.
1937
Jnne 30,
1938
FISCAL
Jnne 30,
1939
Fttbllo debt
Intoreat-bearlng debt:
Pnbllo debt
Guaranteed obll^tleae
Total
Matured debt and debt bearing no Intereet
Total outstanding
1,800
'.665
36.576
U,«53
>io,i)£;
Ul,l»2g
YEAfiS,
June 30.
Total aarkatable issues
Bon-narketable Issues:
U. S. saTlngs bonds
Treasury notes - tax and saTlags
Total Bon-aarketabl e issues
'•2,376
5.»9g
6,360
71.968
4,549
135. 380
5.'>50
47.874
54.747
76,517
139,472
622
585
474
1.324
2,350
55.332
76.991
140,796
259.115
1.308
*.303
1.154
18.617
9.147
7.243
19.936
l»g
21,846
197
25.218
196
33.«5>»
32.3"*
33.965
800
1.238
1,868
3«9
319
883
2,151
36.576
llj
l4l
United States sarings staqpo
Sxcesa profits tax refund bonda
Itelted Statea notea (leaa gold resem)....
Deposits for retlrenaait of national bank
and Pedaral Heaerre Bank notes
Other debt bearing no intereet
191
l?l
310
5
252
Total debt bearing ne Interest
506
447
Debt bearing ao Interest:
36.185
•
.
Tetal mai4:etable Issues
Bon-marketable issues]
Commodity Credit Corporation H/
Beconstmctiott Finance Corporation 2/
Total non-narketablo issues
Total interest-bearing debt
Matured debt on
i^oh
interest hae ceased
Tetal guaranteed obllgatloaa outstanding
256,766
4«,496
35.800
.
256,357
409
55U
2.676
Interest-bearing debtt
Public issuest
Marketable laaueai
Commodity Credit Corporation
Pederal farm Mortgage Corporation.
Federal Housing Adnialstratlen. .^
Federal Public Housing Authority
Home Omars' Loan Corporation
fieconstmotlon Finance Cerporatiea.
4,092
>i5.890
1.558
Total pnbllo debt outstanding
199.543
1,516
Jnne 30,
I9U5
589
1.556
Matured debt on vhioh interest has ceased
Jnne 30.
)|2,018
33.900
Special issues
Jnne 30,
19*3
625
1,188
Total Intarset-bMriag debt
Jnne 30,
41,089
34.242
Total public is«aes
Jnne 30,
I9IH
39.886
serl OB
Adjusted serTloe bonds
Depositary bonds
191)0
and gnaranteed obli^tlona 1/
Pdblic debt
Intereet-bearlag debt:
Pnbllo lasnss:
Marketable iasues:
Treaaury bllla
Certifioatea of Indebtedneaa
Treasury notee
Treaaury bonda - bank restrioted 2/..
Treasury bonda - bank eligible
Poetal aaringa and ether bonds
1937-1946
allliou of dollari)
5
21
February 1947
Detailed Statenent of the Public Debt and Guaranteed Obligations
of the United States Government
PART B
-
(Continued)
-
MONTHLY DATA
(In millions of dollare)
I9U6
iqU5
Dec. 31
Jm.
7el>.
31
28
Mar. 3I
Apr. JO May Jl
Juas JO
Julyjl
Aug. 31
Sept. 30
Oct. 31
Nov. 30
Dec.
260,925
362
261,286
257,6119
31
Publlo debt and guaranteed obligations 1/
Intereet-bearlng debt:
Public debt
Guaranteed obligations
275,69''
553
276,2lt6
Totd
Matured debt and debt benrlng no Interest.
Total outstanding
2,U36
278,682
277,^6 277,912
5^5
53?
27l*,7't5 272,
5U2
7U
271,'tllO
531
5U2
268,111 267,039 266,359 26U,217 262,1(15
U67
32U
391
378
370
278,001 278,1451 275,290 273,21* 271,983 268,57s 267,363 266,729 29t,608 262,792
1,W»
1,275
1,199
279, "As 279, 76U 276,565
27't,ltlt3
1,313
1,3a
331
257,980
1,125
1,360
1,507
273,135 269,898 268,603 267,92l» 265,768 263,913
262, 6U6
259, ''87
17,007
16,987
17,000
3'*, 1*78
32,1*78
30,1*75
13,351
13,351
17,033
29,987
10,090
1*9,636
'19,636
1*9,636
69,686
179
69.686
179
69,686
179
1,153
l,2ll0
1,196
1,160
Public dabt
Intereat-beario^ debt:
Publl: Issues:
Marketable Issues:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds - bank restricted 2/..
Tre.isury bonds - bank eligible
Postal saTinge and other bonds
Total marketable issues
Non-marketable Issues:
U. S. savings bonds
Treasury notes - tax and saTlngs
series }J
Depositary bonds
Arroed forces leave bonds
^
Total non-mnrketable issues
Total public Issues
17,037
38,155
22,967
52,216
68,207
196
198,778
1«,183
17,032
"'1,1*13
36,828
18,261
53, "69
67,718
180
18,261
18,261
53, ''59
53,''59
67,718
180
67,718
180
199,633 199,810 197,063 195.079 193, '*87
Us, 588
>*8,828
1*8,692
8,01*3
U7I'
1171
^•^5l
7,lW«
"36
1(«,917
7,127
1(29
56.U72
17,039
311, aou
18, 261
53,'6?
65, 864
180
17,023
37.720
13,351
17,02"*
36,"'73
53,%?
53,''59
13,351
65,86i(
13,351
U9,636
69,686
179
65,86U
179
179
189,606 187,596 186,350
181*. 338
182,318
180,328
176,613
119,1(77
''9.5''5
1(9,62U
1*9,709
1*9,776
6,003
383
70
5,978
5,725
3''5
311
3U9
602
56,1(51
"9,035
6,711
U27
1*9,320
6,669
Ulo
6,688
6.096
1(00
335
56,081
56,3'*3
256,301 257,016 253,613 251,1*87 21*9,960 2''5.779 21(3,99"* 21(2,916 aUo.jeu 238,1(00
236,671
2U,015
2l(,25l*
277,1156 277,912 27l*,7l'8 272,711 271,1(1(0 268.111 267.039 266,359 251*,217 262,1(15
260,925
57,168
20,655
275,69''
17 .01*1
38,1*08
68,207
180
8,107
255,693
17.051*
53,'»27
1*97
56,915
17,01*7
'K),399
19,551
8,235
Special Issues
Total interest-bearing debt
17,Ol'2
Ul,502
19,551
53,151
68,207
180
57,206
20,897
56,550
21,135
56,1(08
21.221*
21,1*81
56,173
22,332
56,399
23,0''5
56,566
23,''''3
56,025
23,8511
Prepayments on securities
Matured debt on wblch interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
InterSpecial notes of the United States:
national Bank for Reconstruction and
Development serl b=i
United States notes (less gold reserve)....
Deposits for retirement of national bank
and Federal Heserve Bank notes
Other debt bearing no interest
Totcl debt bearing no Interest
Total public debt outstanding
285
262
2l*l
3''3
260
238
21*1*
209
133
1,128
120
117
83
1''3
112
109
lOl*
2110
82
35
191
191
191
191
191
191
376
313
236
2l(«
621
6
2,078
278,115
6ll<
607
6
6
1,171
1,063
602
6
1,019
191
191
191
191
191
191
191
596
589
58l(
579
571*
569
562
557
6
6
6
6
935
91
902
890
876
979
951
6
278,887 279,21'' 276,012 273,898 272,583 269,1*22 268,270 267,51*6 265,369 263,532
Treasury Bulletin
22
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
1937
'38
'40
-39
"41
'42
-43
END OF FISCAL YEAH
Office of the Secretory of
ttie
'44
-4^
-46
'
Dec 31,
'9*6
Treosury, Division of Research ond Stotistics
END OF FISCAL YEAR-
B-462-C
February 1947
23
Special Issues to United States Government Agencies and Trust Funds
(In
Fad oral
DapoBlt
Insurance
Corporation
Outetondlog at and of
fiscal /ear or Boath
W37
1938
1939
19to
V)\\
1,558
2,676
3,770
1,775
6,120
95
85
101
56
90
267
662
1,177
1,738
2,381
7,885
10,871
95
3,133
li.OW
U,766
5,308
5,910
,
Wks
19113
19^
Wk?
Fedar&l
Old -Age
and
SurrlTora
Insurance
Trust Fund
103
98
97
111,287
BlUlou
F»doral
SaTli^B
and Loaa
Inauranos
Corporatl<m
OoTom-
Mnt
Life
Insurance
Fund
Oorei
Betlrsaant
Funds
500
523
537
316
396
52li
559
656
531
5
537
106
27
37
538
502
589
1.9
68l>
1,868
2,177
605
606
606
612
2,106
'1,785
612
612
2,089
2,090
2,177
'•,935
1.7
2,ll0l.
12
2,1U
l>,680
61.2
6,668
12
12
608
628
782
667
5,2liO
6,588
6,673
6,699
12
12
12
5,330
5,520
5,570
816
8W>
870
810
796
782
6,61.9
6,781.
5,595
890
5,61.5
908
938
812
799
765
6,75".
6,851.
171.
17'i
September.
23, SS"!
17l>
5,910
5,910
6,200
50
50
52
939
1,012
2,399
2,388
October
RoTamber.
December
.
2lt
,015
2'',
6,190
6,190
6,Wl0
53
.
179
179
189
1,135
1,207
1,236
2,379
2,387
2,381
Source:
1/
585
5I'
56
Dallj Treasury Stateaent.
These securities are Included In the detailed stateaent of the
public debt on pages 20 azul 21
2/
^
17
15
12
13
23,W43
2lt,25ll
6,699
6,71.8
6,71.8
23,Olt5
.
5,610
6,798
68l>
.
18
18
668
655
1.9
.
19
3, nil
l.,257
6U
1.6
Augufl t ,
711
506
530
592
5,581
5,581
5,910
Julj
92
I156
85
85
120
21, Wl
22,332
56
199
38
26
20
11
872
1,267
1,710
2,273
'•,'•50
21 ,22U
Juiw
66
67
79
3,850
April
>ta7
^5
128
97
Other
i/
2,lli8
U6
5,W6
il
Fund
2,166
5,586
.
Ii5
Truflt
Accoont
782
March
T«brujBT7
5, "116
ent
5,2l"0
5,to6
.
Uneqtloy-
178
319
501
657
65
70
85
.
Railroad
Petlre-
39
352
1,213
3,187
1,1*69
20,655
20,897
21,135
.
19U6-Januar7
Postal
Sarlnes
Sjetmm
3
796
1,076
120
19U5-D©ceart)or
Rational
Sorrlee
Life
Insurance
Fund
Ii73
18,812
22,332
19'i6
^
of dollare)
268
5,100
5,675
6,71.7
651.
657
12
26
26
6,779
26
31
31
6,851.
Includes Canal Zone, Postal SaTlnge S/stea.
Includes Adjusted Service Certificate fund, Mutual Mortgage Insurance Fund and War Bousing Insurance Fund
,
Guaranteed Obligations Held by the Treasury
1^
(In millions of dollars)
C<^modlt7
Credit
Corporation
Rid of fiscal
jear or month
1937
1938
1939
3,630
883
273
10
19l«)
101.
25
191.1
302
11.0
Federal
Fara
Mortgage
Corporation
20
85
l.,079
1«0
263
191.3
7,535
10,717
12,169
11,673
1,950
900
1,591
1,301
366
108
13
191.5-Deceniber.,
11,780
1,255
191.6-January
11,678
11,508
1,272
1,191
1,069
U,673
1,105
1,259
1,301
July
August.
September
10,871
10,826
10,721
October.
Hot ember.
Decevber
10,709
10,685
10,693
191.5
191.6
,
.
February
March
U,282
April
«•»
June
11,373
U,61.5
.
Source:
.
Daily Treasury Stateasnt.
Less than $500 thousand.
Hobs Owners*
Loan
Corporation
25
15
20
191.2
19W.
Federal
Public
Housing
Authority
Reconatrutlon
Finance
Corporation
Tenneseee
Valley
Authority
21.3
7
20
52
57
383
360
9,020
9,205
57
57
57
57
57
76
383
881.
9,126
57
61
50
37
383
383
383
860
830
807
9,01.6
57
57
57
27
383
383
360
780
763
737
9,021
9,205
57
57
57
500
500
500
360
360
360
713
9,235
9,215
9,129
57
57
57
50I1
360
360
360
656
9,132
9,126
8,976
57
57
56
398
19
13
500
652
1/
691.
675
61.2
622
of
Uaahlngton
861.
2,531.
283
Ban]£
3,605
551
212
580
1,010
737
271.
BxportImport
5,033
8,1.16
8,998
8,930
9,161.
These securities are not Included In preceding stateoenta of guaranteed
obligations outatandlng.
26
Treasury Bulletin
2l^
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Government
(Anounte In mllllone of dollare)
Pul)llc debt and guaranteed obligations
End of fiscal
year or month
Interest-bearing
debt outetandlQg
Conputed
annual
Interest
charge
Co^uted
annual, rate
of Interest
(Percent)
1,068
2.588
2.579
'•5,336
1,11(9
2.53l(
117,8711
1,203
1,335
2.51l(
1,729
2,759
3,869
Uo,lt65
5'>,7U7
1,01*7
2.1(38
19^3.
139, ''7S
WW".
I9V6.
201,059
256,766
268,578
5,357
2.260
1.978
1.925
1.935
1.995
19'*5-December.
276,21(6
5,l(2l(
1.963
19U6-January
February.
March ....
278,001
278, It 51
5,'.72
5,1(87
275,290
5,1(1(5
76,517
.
April.
May...
June
273 ,2411
271,983
268,578
.
July
August. ,
September.
267,363
266,729
October.
Rot ember.
December.
262,792
261,286
257,980
.
261t,6o8
"•,969
Interest-bearing
debt outstanding
Conputed
annual
interest
charge
(In mllllona of dollars)
(In mllllona of dollars)
1937.
1938.
1939.
19to.
Guaranteed obligations 2/
Public debt 1/
Conputed
annual rate
of Interest
(Percent)
Interest-bearing
debt outstanding
Computed
annual
Interest
charge
(In millions of dollars)
Computed
annual rate
of interest
(Percent)
February 1947
25
statutory Limitation on the Public Debt
Section 21 of the Second Liberty Bond Act, as
amended, provides that the face amount of obligations
Issued under authority of that Act, and the faoe amount
of obligations guaranteed as to principal and Interest
by the
held by
ceed In the aggregate f275 billion outstanding at any
one time.
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
of the owner,
are Included In the statutory debt limitation at current redemption values.
United States (except guaranteed obligations
the Secretary of the Treasury)
shall not ex,
Table 1.- Condition as of December 31, 1046
(In millions of dollar*}
Haxlmun amount of securltlei vhlch m«7 b« outetandln^ at
as asended
of the Second Liberty Bond Act
aojr
one tlae, under llultatlons lapoeed
V
Section 21
^75,ooo
,
Amount of seoirltlea outBtandln^ sutoject to such statutory debt lloiltatlon
U.
S.
^:
Ooremaent aeourltles Issued under the Second Liberty Bond Act, as amended
Ouaranteod aecnrltieB
25«,215
^
339
Total amount of securities outstanding subject to statutory debt limitation
258,55>t
Balance Issuable under such anthorltj
Source:
1/
i6,UkS
Public Debt Serrloe.
Ibr coBiparlsoa with the total public debt and ^sarantaed ascorltlea
2/
outatandlD£, see follovln^ table 2.
Kxcludas guaranteed seourltlee held by the Treasury.
Table 2.- Analysis of U. S* Government Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, December 31, 1046
(In millions of dollars)
Public debt and guaranteed obligations outstanding
Subject to
statutory debt
limitation
Public debt and guaranteed obligations outstanding:
Public debt:
Interest-bearing secxirities:
Marketable issues:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank restricted ^.
Treasury bonds - bank eligible
Postal saTlngs and other bonds
Total marketable issues
Von-marketable Issues:
D. S. saTlngs bonds (current redao^tion Talue).
Treasury sarlngs notes
Depositary bonds
Armed forces leave bonds
Total non-marketable issues
Speolal Isauea to Oovemment agencies and trust fttnds.
Total interest-bearing aeeurltiet
Matured securities on which Interent hns ceased
Obllgatloas bearing no interest:
T^ted States savings stamps
Kzcese profits tax refund bonds
Special Hotes of the Ihiited States: International Bank for Beconstmctlon and
Development Series
Currency Items, etc. 2/
Total obligatlona bearing no Interest
Total public debt.
Quaranteed aecurities J^\
Interest-bearing aecurities.
Matured debt
Total goaranteed securities.
Total public debt and guaranteed aecurities outstanding.
17,033
29,9*7
10,090
U9,636
69,6S6
176, "t33
>»9,776
5,785
31*9
6oz
56,'«1
lot covered by
statutory debt
Umltatlen
Treasury Bulletin
26
Analyels of Issuance and Retirement of Public Debt
(In mlUlonfi of dollars)
riecal year
or month
Public
debt
outstanding
and of
flacal
ya&r or
month
1937
1938
1939
19kQ
36,te5
37,165
19lil
Het
change
In
public
debt
during
flBcal
year or
month
Caah
1/
Public debt receipts
(Issuance of public debt)
Public debt expenditures
(Betlrement of public debt)
Public issues
Public issues
Special no tea
Certifl
of the
Gates of AdknmA United States Excess
indebt- JuatAd forces
profits
In terna tl ooAl
Exedness
service leare Sank for ra- tax
changes
special
bonds ocnstmctioa refund
bonds
aeries
bonds
and Deralop*
2/
ant series
Special
Issues
Cash
,
1/
Certifl
catee of
Special
IndebtExIssues
ednees,
changes
apeoial
series
s/
'9,369
9,621
6,199
iin
1,751
1,''99
6,9't3
'',625
1,751
'',776
13,166
7,19''
3,035
2,812
2,1W
U8,96l
5,99''
17,81(7
10, ''62
3,1''2
lt,2l'l
U,853
5,166
5,301
5,680
5,816
1,''73
Us, 968
3,035
2,812
8,881
9,809
10,638
l.o'.i
7,V75
2,159
2,567
3,151
2,67''
3,275
2,528
13
7
8
2
2,67''
13,08't
3,1''2
2,896
19k2
72, Use
23, ''61
37,16'*
30,388
303
1
596
596
li,lll
136,696
201,003
258,682
6U,27li
6lt,307
17,9U
1
1,''''2
17,911
l,''lt2
5,332
''91
1
13''
18,790
''91
I'
6
89''
3'',
183
l'','»10
121, ''80 77,'«38
1.
10,7'«D
''81'
1
31,036
16,263
l'«3,2l'8
95,985
''8''
18,790
3'', 183
31,036
9,885
269, ''22
122,632 9't,961
153,785 123,958
179,159 129,663
150,988 103,116
13,703 8,693
58,358 33,67''
89, ''78 63,202
303
19lt3
5,876
8,318
10, 'lU
12,7''''
278, U5
12,773
26,61*8
22,300
1*81'
3,777
91
13,876
8,815
1*8''
3,777
800
278,887
772
327
-3,201
12,938
11,600
9,6^3
8,85''
3,332
U,273
12,81'U
8,728
6,288
9,578
3,332
l.,95l.
761
273
372
12,166
6,376
6,138
107
31
133
9,309
7,669
6,283
7,395
6,067
2,820
207
11,
6, ''85
2,820
2,775
12,182
8,98U 8,968
185 10,079
2,775
6,371
2,916
1,223
776
2,3''l
7,283
5,925
6,271
l,'t'«3
Il0,ll40
ISkk
Wk?
vjke
,
19'*5-Decenber
.
19U6-Jaiiiiary
.
.
February
March
.
.
279,21''
276,012
2,61»6
7'«3
57,679
April
May
June
273,898
272,583
July
August.
September
268,270
267, 5^6
265,369
-1,152
-2,177
10,062
9,019
8,818
October.
NoTember
December
263,532
262,277
-1,837
-1,255
-3,128
9,025
8,'Ul
10,200
269, ''22
.
Source:
*
1/
.
.
.
259,l't9
.
-2, n't
-1,316
-3,161
-72''
21,02lt
3,133
27''
7,37''
6,02''
70
2l«
21'8
Dally Treaaury Stateaent.
Lesa than $500 thouaand
Excludes certificates of ladehtadneee, epeclal aerlee.
2/
3,133
2'',
6,99''
118
17
11,331
11,21k
8,236
I122
9,7'i3
8, ''96
2,916
1,223
''55
10,995
8,610
2,3''l
232
252
355
10,862 9,351
9,696 7,908
13,328 10,023
1,'''«5
71
1,775
3,281
21t
1,775
3,281
293
''23
'',95't
567
63
21'
u
ConaletB of epeclal eerlee of certlflcatae of iDdahtedneea
lesued directly and solely to Federal Beserre Banks
.
Composition of the Interest-Bearing Public Debt
Intereet-bearlng public debt outstanding
(In Hllllons of dollars)
Percent of Interest-bearing public debt
Public lasuee
End of flacal
year or aonth
Market,
able
Hon-
arketable
1937
1938
1939
35,800
36,576
39,886
20,131*
22,01*3
V)UO
1*2,376
''8,387
26,751
1,188
1,556
2,151
3,166
30,1*11
'',555
19''1
71,968
135,380
19^2
19''3
25,1*1'*
38,281
57,716
10,'*96
21,70'*
Marketable
Won-
arketable
Public Issues
Certlflcat«B
of
Indebtedness
Special
Issues
10,617
2,303
9,11.7
7,21*3
1,151*
1,308
1,302
1,603
6,383
5,698
6,689
9,168
3,015
7,1*95
NonMarketmarketable
able
6,120
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
53.2
't'*.6
18.1.
9.3
6.8
8.7
9.2
6.8
1,558
2,676
3,770
'.,775
3,096
16,561
28,822
2,508
U,861*
3'*,136
31*, 801*
17,0kl
17,039
7,885
10,871
11*, 287
18,812
22,332
ll*,73l*
Marketable
Nonmarketable
56.2
60.3
63.7
63.1
62.8
3.3
1*1.6
IU.6
16.0
17.7
18.0
1*2.6
39-8
''.3
5.1'
7.5
9.1.
Certificates
Special
issues
of
indebtedness
29.7
25.0
18.2
15.1
11.8
6.1*
l'.3
3.2
3.3
3.1
3.3
7.3
9.5
11.3
12.6
^.2
5.5
12.2
3.5
8.8
'..8
11*. 1*
7.'.
'l.O
13.3
13-0
6.6
2.5
6.1*
11.0
8.0
7.2
7.3
8.3
''.3
19''''
199,5''3
79, ''''0
35,298
19l'5
256,357
268,111
106,6''''
'*6,090
17,1*05
23,1*97
119,502
1*9, ''62
18,261
9,557
10,136
6,711
19>«5-Dece«ber,
275,69'*
120,619
1*3,679
22,967
8,235
38,155
17,037
20,000
100.0
'*3.8
17.6
8.3
3.0
13.8
6.2
7.3
19''6-January
277, '•56
277,912
121,538
'.1,502
17,01*2
8,01*3
1.1,1*13
17,032
121,357
7,365
1*0,399
17,01*7
100.0
100.0
100.0
17.7
17.6
17.9
7.0
7.0
6.6
2.9
3.0
2.7
15.0
15.0
1*9,181*
20,655
20,897
21,135
1*3.8
1*3.8
27"*, 71*8
19,551
19,551
18,261
8,107
121,811'
1*9,061
'.9,163
6.1
6.1
6.2
7.5
7.5
7.7
April
272,711
1*9,261*
7,1'*1'
17,05'.
17,01.1
21,221*
21,1*81
'*'*.7
18.1
18.2
268,111
31*, 801*
17,039
22,332
U'..6
18.1.
6.7
6.7
6.8
2.6
2.6
2.5
6.2
6.3
June
100.0
100.0
100.0
U.l
271,'*''0
38,to8
36,828
1*1*.
•fay
121,357
121,357
119,502
7.8
7.9
8.3
267,039
266,359
26'), 217
U9,502
U9,502
k9,730
37,720
.8
18.6
18.7
19.0
5.0
5.0
11*.
6.1*
13-7
13.0
6.1*
5.1
2.5
2.5
2.3
6.U
9.0
262,1*15
19-1
19.3
19.7
5.1
5-1
3.9
2.3
2.3
2.2
12.1*
6.5
6.5
6.6
9.1
9.3
9.6
19''6
.
February
March
.
.
July
August.
.
.
SepteoBber
October. .
HoTomber
December..
.
Sotirce:
260,925
257,6''9
18,261
18,261
18,261
7,127
6,711
6,669
6,688
6,096
23,01*5
36,1*73
17,02'.
23,1*1'3
119,502
13,351
13,351
13,351
17,023
119,878
1.9,930
3l.,1.78
17,007
23,85*
119,502
119,502
119,508
50,078
50,365
50,726
13,351
6,003
5,978
5,725
32,V78
29,987
16,987
17,000
17,033
21*, 015
13, 3»
10,090
Dalljr Treasury Statement.
1*9,31*5
1*9,1*62
30,1*75
21*, 254
2l.,585
100.0
100.0
100.0
100.0
100.0
100.0
1*1*.
1*1*
1*1*.
1*5.2
1*5.5
U5-8
1.6.1*
11. .7
13.6
13.0
11.7
n.6
6.1*
February 1947
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States y
As of December 31. 1946
(In mtlllone of dollare)
Amount of fflaturltlec
EarlUM
Callable Issues
classified ty year of:
fesr
DeflortptloD of security 2/
and
maturlty
iRSueB
OK) nth
Treasury tollle
igUT-Jan.
3it
Feb..
Mar..
Convemlon bomJ
Certificate
7/8*
Treasury bills
Certificate
7/K6
Treasury bills
Certificate
y/Si
l-lA)i Treasury note
13
l/lA?
3.330
I/1A6
?/lA7
5,?52
U,95U
Various
-
3/lA7
5,256
3,133
Various
-
-
3/I5/U7
1,91*8
Certificate
-
VlA7
2,820
7/gie
Certificate
-
July.
l/ef
Certificate
-
2,775
2, 916
Aug.
.
7/8*
Certificate
-
Sept.
7/8*
6/1A7
7/1A7
8/lA7
9/lA7
9/15A7
9/15A7
Not..
Dec.
.
Certificate
l-l/Sjf Treasury note
l-lA)l Treasury note
-
k-l/ki Treasury bond
Certificate
7/8*
Certificate
7/8*
-
10/15A7-52.
-
Certificate
Treasury bond
-
10'lA7
ll/lA7
12/1A7
12/15A7
7/8*
2*
Tarlons
1/1/17
6.525
lAA?
7/6if
-
-
-
Total
y
maturity
-
.
Oct.
of
Issue
Wnal
-
June.
Apr.
Plrct
call
Tax
status
?/iA6
3/IA6
S/2SM
U'iA6
6/1A6
7/1A6
B/1A6
9/1A6
1,223
2,31*1
2,707
1,687
1/\.2j\},
le/iM
10/16/3?
759
taxable
whol ly
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
taxable
partially
t&xabla
1,775
10/1A6
11/1A6
3,281
701
ia/i/u6
12/15/38
taxable
partially
3/15A1
taxable
partially
1,1*1*0
5'»,077
tSLXsble
759
-
3/15/1*8-50.
-
3/l5/Ug-51.
June
Treasury bond
at
?-3Al' Treasury bond
I-3A)' Treasury bond
-
6/I5/U8
3,062
la/iAa
taxable
Sept.
?-l/;5S Treasury bond
-
1*51
3/15/38
1-1/?* Treasury note
-
9/I5/U8
9/l5/l«
3/X5/^
partially
taxable
Treasury bond
-
12/8/39
pcu-tlally
l/lSA?
5/15A?
7/15A3
taxable
igUS-Mar
.
Ckc.
2*
Sept.
Dec.
571
7,261
ier.t
Dec.
.
Treasury bond
-
6/'l5/l*9-51
i,oiu
!i
Treasury bond
-
9'15A9-51.
1,292
?*
Treasury bend
Treasury bond
2-l/2it Treasury bond
-
12/15/1*9-51.
2,098
3-l./g)t
-
12/15A9-5?.
1*91
- la/l5/U9-53.
1,786
June.
Sept.
taxable
teutable
12/15/3^
12/15/36
partial lypartlally
6,682
Treasury bond
Treasury bond
-
3/I5A8-5O.
-
3/15/50-52'
1,963
3/15A1
10/19A2
taxable
taxable
2-1/2* Treasury bond
Treasury bond
2*
-
9/15/50-52.
9/15/50-52.
1,186
9/15/38
'•,939
U/15A3
partially
taxable
Treasury bond
2*
1-1/2* Treasury bond
- 12/15/1*8-50.
12/8/39
fa/VU5
partially
taxable
3/16/36
partially
1/15A2
taxable
partially
2*
3*
-
- 12/15/50
Total
1951-Kar..
2,910
5*
Total
1950-Mar..
3/lb/36
3.71*8
ia/l5AS-50.
Total
19M9-June
1,115
1,223
1,115
571
2,635
1,687
2,635
2-3A* Treasury bond
-
3/15A8-5I.
1,223
Treasury bond
2-3A* Treasury bond
3S
Treasury bond
Treasury bond
2*
Treasury bond
yi
-
6/15/1*9-51.
6/I5/5I-5I*.
l.Oll*
2*
Treasury bond
2-lA* Treasury bond
Treasury bond
2*
2*
Total
-
9/15A9-51.
-
9/15/51-53.
9/15/51-55.
-
ia/15A9-51.
-
12/15/51-53.
12^15/51-55.
—
6/15/36
1,627
1,292
7,986
755
9/15/31
2,098
11,996
7/15A2
12/22''39
1,118
510
(Continued on followlag page)
5/15A2
9/15A3
12^l5Al
5,628
taxable
taxable
partially
taxable
partially
taxable
date
on which comoerclal Denke
majr own bank
restricted
iBBueB i^
Treasury Bulletin
2«
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States^
As of December 31, 1946 - (Continued)
(In millions of dollars)
Amount of maturities
Year
and
month
Description of security
1952-Mar..
Treasury iond
at
2-l/at Treasury bond
Treasury bond
S-l/kii Treasury bond
-
-
^
1,02U
6/I5/52-5U.
6/15/52-55.
5,825
1,501
?5t
Sept.
2-1/2)1 Treasury bond
-
Treasury bond
-
9/15/50-5?.
9/I5/5O-52.
Oct..
U-lA/t Treasury iond
-
10/15A7-52.
Sec.
3-1/8* Treasury bond
2jt
Treasury bond
- lS/li/k'j-^2
- l^/l5/5^-5ll.
2)t
Total
2)t
Treasury bond
-
6/15/53-55-
Sept.
2)1
Treasury bond
-
9/15/51-53.
Doc.
2-1/2)6 Treasury bond
-
12/15A9-53.
2-lA* Treasury bond
-
ia^l5/51-53.
Total
.
June.
-
3/15/52-5't-
2-3A)' Treasury bond
2)S
Treasury bond
2-l/ki Treasury bond
-
-
6/l5/51-5lt.
6/15/52-5!*.
6/15/511-56.
Treasury bond
-
12/15/52-5U.
-
2-7/8)6 Treasury bond
-
3/15/55-60.
June
2-lA)' Treaaury bond
Treasury bond
2)6
-
6/15/52-55.
6/1 5/53-55.
Sept.
3)6
Treasury bond
-
9/15/51-55-
Dec.
2)6
Treasury bond
- ia'15/51-55-
.
2-1/2)6 Treasury bond
-
5/15/55-58.
June
2-lA)6 Treasury bond
-
6/15/54-56.
Sept.
2-3A)6 Treasury bond
2-lA)6 Treasury bond
-
9/15/56-59.
-
9A5/56-59.
Total
1958-Mar..
June
2-1/2* Treasury bond
-
3/15/56-58.
2-3A)6 Treasury bond
-
6/1 5/58-63.
2-lA)6 Treasury bond
-
6/I5/59-62.
2-3A)6 Treasury bond
2-lAl6 Treasury bond
-
-
9/1 5/56-59.
9/15/56-59.
Dec.
2-lA(6 Treasury bond
-
12/15/59-62.
Total
1960-Mar.
2-7/8)6 Treasury bond
-
3/l5''55-60.
2-3A16 Treasury bond
-
12/15/60-65.
Total
982
3.823
919
919
Sept.
.
1,1*9
6,253
Total
1959-June
2,611
2,611
Total
1956-Har..
681
6«l
Total
1955-Mar
725
725
2-1/2)1 Treasury bond
2)1
8,662
17,012
1953-June.
195U-tlar
Jlret
call
3/15/50-52.
3/15/52-54.
June.
-
Fixedmaturity
issues
Callable issues
classified by year of:
5,28''
3, '•70
Final
maturity
Data
of
issue
Tax
status
y
larllest date
on which commercial bajikt
may ovn bank
reatricted
lssu«B U
'
Rbruary 1947
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States U
As of December 31, 1946 - (Continued)
(In milllOBa of dollarfl)
Tear
and
month
30
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
terme of
offering
were
announced
Treasury Bulletin
1947
Jtebruan/
31
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Date of raftudla^ for
SlapesltlOB
Besults of
offers ^7
•xohange offers
TreaauT
Anouat
outEzebAB£e
Turned Percent
standing Cash
ratlro- Bocnrlty
In for axchan^ed
aaat
cash
offered
changed
Sascriptloa of callad or
atorinc aocurlt/ 1/
ezcbanc*
transaction,
or of retlro•ent for oaah
transaction
(Data of liaoe la ahown In parantheBea)
(In
9/lM
9/l5/>A>{
T/tll
7/S)t
Cartlfloata Oartlflcate -
3/ll)J
Treaa. note
Ireas. note
1)1
«/l/lt«
lS/S/\})
9/1/1*1*
(9/15/1*3)
-
9/15/1*1*
-
9/15/1*1*
(l/31/Ul)
(12/22/39)
Totals for ezchan^ transaetion of
lO/l/lA
12/1/lA
la/iS/"*
Bortlflcato
-
7/8*
7/5*
Certificate-
U*
Traaa. hond
-
2/1/115
Certificate7/8*
1-1/8* COO note
i/U<*i
Treaa. note
Treaa. note
3/U*
l-l/ll* Treaa note
10/l/W*
12/l/¥t
12/15/ltl*-5l*
2/1/1*5
2/15/1*5
9/15/1*1*
.
-
3/1/1*5
3/15/1*5
3/15/1*5
•
(l2/l/l*3)
(12/15/21*)
(2/1/1*1*)
(7/21/1*1)
Totals for exchan^ transaction of 2/1/1*5.90*
•
(IO/15/U3)
•
(2/l/l*l*)
(3/15/1*0)
(9/25/1*2)
Totals for ezchan^ tranaaetloB of 3/1/1*3...
V1/U5
Certificate-
7/8*
7/8*
S/l/ltS
Certificate -
6/l/lt5
Certificate7/8*
1-1/2* HOIC hond
8/1/1*5
7/8*
Certificate-
7/8*
CertificateTreaa hond -
4/1/1*5
5/1/1*5
6/1/1*5
6/1/1*5-1*7
(Vl/l*!*)
(5/1/1*'*)
(6/26/1*1*)
(6/1/39)
Totals for exohan£« transaction of 6/I/I45.
.
9/1/1*5
2-3/1*
.
8/lA5
9/1/1*5
9/15/1*5-1(7
(9/1/1*1*)
(9/16/35)
Totals for exehanga tranaaction of 9/1/1*510/I/U5
7/S*
Certificate-
7/g*
Certificate-
Treaa
2-1/2* Treaa
12/1/1*5
3/1**
.
.
(8/l/l*l»)
••
10/1/1*5
(10/1/1*1*)
12/1/1*5
note - 12/15/1*5
(12/18/1*0)
hond
-
(12/1/1*1*)
(12/15/37)
12/15A5
Totals for exchaa^ tranaaction of 12/1/1*5..
1/1/1*6
3*
l/l/W
2/1/U6
•90*
7/8*
3/l/K«
7/8*
3/15/1*6
U/1/U6
5/1/1*6
6/1/U6
6/15/1*6/
^
7/1/1*6
g/l/U6
9/1/1*6
10/1/1*6
11/1/1*6
12/1/1*6
12/15/1*6
ViA?!
.
ConTerslon
bond
Trees* note
Certificate
.
.
ntUlona of dollars)
Description of new
aecarlt7 offered
Treasury Bulletin
32
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(ABOoiit* in BlllioDs of dollars)
Datcription of qoh Istaa
ABOont of bids accaptad
Date of
isiua
19115-1100.
Dec.
Dec.
Dec.
igUb-Jan.
6
13
Fab.
Ttb.
Feb.
Feb.
lU
21
2S
7
7
lU
21
28
U
11
18
25
May
Ma/
May
May
May
2
9
16
23
June
June
June
Juno
b
13
20
July
July
July
July
Aug.
Au«.
Aug.
Aug.
Aug.
31
27
5
11
18
25
1
8
15
22
29
Sept.
5
Sent. 12
Sept. 19
Sept. 26
Oct.
Oct.
Oct.
Oct.
Oct.
No».
Hoy.
Not.
Kov.
Doc.
Dec.
Dec.
Dec.
Har.
27
3
10
17
2k
31
Apr.
Apr.
Apr.
Apr.
19116-llar.
20
Jan.
Jan.
Jan.
Jan.
Har.
Mar.
Kar.
Mar.
Maturity
data
3
10
17
211
31
7
Ik
21
29
5
12
19
2b
/
HuBber of
dayi to
atarlty
ABOttOt Of
blda
tandarad
Total
aBount
ABount on
coBpetltlve
bail!
ABOunt on
f Ixed-prlco
baela 1/
ABoant of
Baturlng
iasua
(as of data
hown
Id
ilrtt coluan)
Total billa
outctaadlDc
(ac of data
hovn In
first coloan)
February 1947
33
Offerings and Maturities of Treasury
BUls
-
(Continued)
Table 2,- Prices and Rates of Treasury Bill Offerings
Total bids accept ad
Date of
la sue
Average
price
per htuidred
IqulTalaot
Treasury Bulletin
3"^
Sales and Redemptions of United States Savings Bonds
sale
United States savlnga bonds were first offered for
In March 1935.
Bonds of series A-D were sold
between March I935 and April ig")-!. Series
bonds have been on sale since May 1, 19'*1.
Series A-E bonds
E,
F,
and 5
10-year discount bonds
are
sold
and yield 2.90Jf per annum If
held to maturity.
Series F bonds are 12-year discount
bonds sold at 7h% of maturity value, and yield 2,53)8
Series G bonds are 12per annum If held to maturity.
at
75!{
of maturity value,
subscribers except commercial banks.
Commercial banks,
purchase these bonds during
certain periods and with certain restrictions.
For
details concerning these periods and restrictions see
"Treasury Bulletin" for December 19'V4,
page 36, foot-
however, were permitted
note
37,
and "Treasury Bulletin" for February
9,
footnote
rity or at stated prices less than par before maturity.
19'*'7.
any
t7,500 Issue price In
bonds were available
April
1,
igl^O,
to
were
bonds
one
all
limited to
calendar year.
subscribers
These
prior
to
and to Individuals only after that date.
Purchases of series C bonds are limited to $3>750 Issue
price In any one calendar year, and may be made only by
Individuals (defined
limit
for
price
In
year 19'H
any
).
as
persons
natural
series F and G combined
one
Is
only).
The
{100,000 Issue
calendar year (*50,000 In calendar
Series F and
bonds
are
available to all
Series
Matured bonds
m
the
outstanding are
until
C
and
all
19'+5,
In
to
pages A-4 andA-5.
and series B bonds
mature In January
for redemption are In-
figures on redemptions.
Matured bonds
reflected In the Interest-bearing debt
bonds of
the series have matured,
when they
are transferred to matured debt upon which Interest has
ceased, In accordance with the
Treasury Statement.
In
the
following tables
practice of
sales
the Dally
figures are quoted
at Issue price, and redemptions and amounts outstanding
at current redemption values.
Amounts of series
standing are quoted at par.
Table 1.- Summary of Sales and Redemptions, by Series, as of December 31, 1946
Dnlt*d Stataa
•aTln^e bonda
page
redemption values see
19M-5,
bonds began
turned
igM-S,
For details concerning
Series A bonds matured In
cluded
series A-D
and page A-22.
"Treasury Bulletin" for October
In 19*^.
of
9,
Investment yields,
features,
year current Income bonds, sold at par, bearing interest at 2-l/2;{ per annum, and redeemable at par at matu-
Purchases
to
out-
F&bruary 1947
35
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 2.- History of Sales and Redemptions
E«d«iptlant
y
Aoomat ratstaadlBc
Salai
Aflerma4
pin*
dlae*«Bt
•oomad
aathlr
9al>t
prlo*
dlieavat
(! llllani
fatal, iDCapttaE ta Sac. 3I, 19>t(.
Aecr««d
diae*«at
Natorad
dakt
radaaptiana
baarlBC
d*bt
»t dcllari)
«5,7«1
l,Wl
67,671
17, M*
3,215
1.557
6,082
311
llK
30"
7
1113
5
li,31li
207
201
6
10,188
•9,n6
riteal xaarat
3, 12*
96
19U1
l,U92
65
19112
5,9911
li^}
l9Ui
ii^i
19U6
11,7»9
ISJVl*"*
15,''9«
lli,891
12s
223
587
U,9l6
8I18
8111
15,721
15,278
10, leu
2,371
U,298
6,717
358
252
>17
6,579
138
3,573
3,113
9,259
'12
168
3U9
369
162
I
3"'3
6
1,585
5, ''72
2,905
7
13
9,612
573
3,lili9
12I1
3,036
9,157
102
19I13
13,729
169
19I1I1
iS.OlHi
295
»},»98
16.339
19115
19li«
12,93T
Uslt
13,ll21
7,1127
61IO
8,067
5,558
6,U27
Maatha:
I9UV»acaatiar.
1,2511
57
1,310
559
5t9
96«
62t
62«
6U
1,023
666
672
629
965
63U
615
552
16
Tabruary.
March
620
15
621
552
605
538
505
15
n.a.
a.a.
Oalandar raara:
1935-19>«>
19UI
19112
66«
iprll
Haj
Jnaa
77
Ml
lii
lti<
59I1
sn
Jaly
J'
639
635
3,3>il
519
753
590
67
537
I15
Saptaaber
>>9'i
5"
1178
l<«2
Ootobar..
laraaber.
DioaBber.
57*
ia^at
.
.
ii(
567
ll89
U18
SI
Paicant af
5011
1,576
3,321
a. a.
a.a.
a.a.
a.a>
9
20
86
Ul
87
111
13
30
26
23
111
21
19
111
18
a.a.
a.a.
a.a.
17
16
15
a.a.
a.a.
lb
lU
«7
ta
aaout
antataadlBC
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued)
BedemptlQiia 1/
Accrued
dlsconut
Salsa
plui
ace mad
dl BCoant
Sals*
price
Total
Aooont
outfltaadlng
Accrued
discount
{
Interestbearing
debt)
(In Billions of dollars)
Series
Total, Inception to Sec. 31, 19U6.
Tlscal years:
19UI
19U2
61.832
f, and
1,
63,025
2
36
127
"1,156
6.I4O8
66U
U6.628
lG,397
1,193
66k
5,993
11,789
15,U9g
1U,S91
9,6l2
28U
U67
5,995
11,82U
15,625
15,175
10,078
2,537
9,157
13,729
i6,0Wt
1?,937
7,te7
12
7U
195
379
533
2,537
9,169
13,80U
16,239
13,315
7,961
l,50U
3,263
5,332
6,038
1,25U
US
1,301
53I4
529
"U,706
960
622
626
U8
581
35
39
1,008
657
665
5«7
february,
March
60U
596
"5,126
"5,2U7
"5,308
April
Hay
June
668
59U
571
39
39
55
707
63U
627
590
52U
U91
581
516
U«3
"5,53"
"5,670
July
August.
Septeaber.
753
590
51
36
SOU
626
U9i<
''7
Stl
500
UU9
"55
n a.
B.a.
"5,97"
"6,152
"6,237
October. ..
NoTember.
December..
519
"53
576
Ul
1^>>}
19UU
19I45
igufi
1
1
75
75
760
2,292
760
2,286
",13"
6,337
1
6
21
71
66U
6,58"
l7,6Ug
30,981
"2,000
"5,670
Calendar years:
igiti
igu?
19'»3
19W1
19't5
19U6
lU
lU
2U6
2U5
1,502
3,251
5,293
2,52"
11, ""7
2
12
39
23,7"6
36,723
"U,7o6
U6,628
Months:
19U^ December..
19U6-JanUflry
.
.
.
.
.
Uk
560
U96
59
636
5"
U5,U2l4
U56
392
"53
"6,3"2
U6,"li6
a.m.
D.a.
"6,628
Serial I
Total,
Inception to Dec. 31
fiscal years:
19"1
19"2
19"3
,
19"6..
U".ll46
203
5,526
8,271
11,820
11,553
6,739
1911"
19"5
19"6
"5,25"
1
33
118
265
U3U
205
3,528
8,30"
11,958
11,818
7,175
X",991
l".86o
60
689
2,100
3,8"6
5,912
151
50,263
688
1
203
5,671
11,287
2,095
5,825
5,8U5
5
20
69
21,125
29,097
50,558
2
11
1,15"
6,923
15,957
25,515
50,727
50,263
60
Calendar years:
l,l"5
5,989
10,3""
12,380
9,822
19"1
19"2
19"3
19U11
19"5
19"6
U.I166
Months:
19"5- December.
353
"93
l,l"5
5,999
10, "1"
12,562
10,175
",959
10
70
182
11
11
209
1,580
5. "23
209
1.578
2,995
",925
5,5"3
"85
30,727
5,005
",965
908
"5
955
M90
.
6itl
uu
6«5
5"l
Febru-iiy.
367
371
iioo
II
"07
"92
550
388
36
5"6
3"5
321
52
U2"
581
573
July
August .
September.
386
3"7
309
"6
3"
"5
"53
381
552
October..,
November..
December.
327
29"
370
58
Uo
565
53"
U2U
19U6-January
.
March
April
May
June
.
.
57
55
58
80
5"5
30,870
50,778
30,635
558
U62
"52
30,513
30, "25
50,358
Ult2
"35
^6
595
"02
30,5"9
50,531
30,279
UlO
536
59"
386
I469
"39
(Continued on following page)
"05
329
30,23"
50,235
30,263
Percent of
aonthl7
redenptlons
to amount
outstanding
February 1947
37
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued)
EedeoptloBs
Accrued
discount
Sales
plus
accrued
dlecouAt
Sales
price
Accrued
discount
Afflount
Percent of
outetandlne
(interestbearing
moDtfalj
debt)
redenpt Inns
to amount
outstanding
(In millions of dollars)
Total,
Inception to Dae. 3I, I9U6.
3,297
85
3,382
UlU
2,969
fiscal years:
67
"35
19111
19'<2
19i<3
19UU
19'»5
19U6
-
75«
802
6T9
U07
67
2
9
19
33
"•35
3
3
760
811
698
IT
58
89
17
57
67
U99
1,2U2
1,996
88
2,60lt
UllO
1>I9
lU?
2,895
Calendar /ears:
I9UI
19UJ
19''3
iguit
,
19U5
igiiS
208
652
7U5
773
595
325
208
207
85U
1,569
2,278
2,793
2,969
2
65'*
7
7
u
750
13
25
786
621
35
77
lOU
UO
365
35
77
106
189
2,793
.ug
2,823
2,8Ul
2,855
.Its
2,87"'
2,883
2,895
.U6
.60
.55
Months:
19U^[)eeenber.
«3
86
19U6-January .,
February.
March
UO
UU
Ih
30
27
32
30
\l
13
15
16
April
May
Jose
29
2U
2U
52
27
28
13
17
16
13
17
15
31
25
20
36
28
18
17
16
?,9lU
2,925
2,932
.60
.58
.53
lU
17
17
2,9''5
.U6
2,952
2,969
.57
.58
.
July
August.
.
Septesiber
October..
loTeaber.
Deeenber.
2U
20
29
23
27
23
3't
Series S
111,389
lU,3g9
395
19''5
399
2,032
2,759
2,876
2,658
19''6
2,1165
total, inception to Sac. 31, 19''6.
Fiscal years:
I9U1
19'»2
19''3
19UI1
Calendar years:
I9UI
19U2
1,185
2,516
19''3
19UI1
2,6liO
2,891
2,520
2.637
191*5
19U6
Months:
19U5-DeceBber
262
19'46-Jaiiuaiy
f abruary
March
278
225
228
i^rll
May
June.
250
225
226
July
August.
September
335
217
165
October
HoTember
Dae ember
178
Source;
a. a.
IWUy Treasury Statement
lot available.
169
139
.^2
•57
Treasury Bulletin
38
Sales and Redemptions of United States Savings Bonds
-
ICiontinued)
Table 3.- Sales by Series, Classified by Denominations
Percentage distribution of sales
Salva In Billions of dollars at Issue price
Total
all
denominations
DenoBlnatlon
»10
1/
$100
$50
»25
2/
»500
$200
$1,000
$5,000
$10,000
Total
all
denoni
Denominations
$10
nationfl and
1/
y
$50
$g5 2/
$100
$500
and
and
$200 1/ $1,000
Inception
through
Total
,
Dec.
19U6..
51,
UI1.1I16
li»,263
5,925
8,9't9
253
13.
20.9
33.1
20.
66.0
U9.8
35-1
6.5
9.7
13.1
13.9
3U.6
111.
32.1
13-5
lO.O
33.9
27.1
8.1
11.9
I3.U
IH.5
lU.U
11.6
22.6
22.U
21.0
21.9
19.9
59.3
36.2
29.6
29.2
31.8
17.
113.9
32.6
5. '•67
9,lit5
1*1
9}
1,119
1,U81
2,0U8
2,100
1.591
100.0
100.0
100.0
100.0
100 .c
lOO.C
1150
100.0
100.0
lOD.O
100.0
100.0
100.0
Fiscal years:
19I4I
203
3,526
8,271
11,820
11,553
6,739
19112
1913
19UU
ms
igW
IH
13
616
2,988
3U2
1,081
1,6U2
1,725
910
ll,lU9
3,928
2,101
HI
813
637
1,7111
2,581»
1,007
1,397
1,326
2,U06
1.102
197
77U
1.313
1,815
2,163
2,002
7.1
17.5
36.1
23.0
20.7
21.9
20.8
19.3
30.1
29.1
29.7
35.1
Calendar years
19'<5
1,1U5
5,989
ia,3UU
12,380
9,822
19U6
it.l»66
19UI
19't2
I9't3
l9ltU
Months:
19U5-Dec..
1,338
2,169
2, 706
3,5113
93
712
1.390
1,797
l,Ul6
1,177
516
637
115
138
229
856
1,253
i.uue
1,119
56U
107
ll<3
60
126
2U0
93
51
SU
21
11
11
»
1911
37
39
12
10
8
us
lilt
1,769
3,719
ll,2Ul
908
19U6-Jan..
Tek..
Mar..
6U1
ipr..
May..
388
Jrynt,
258
1.8lt2
168
120
117
73
51
117
100
53
3'»5
"12
56
U8
321
87
36
I16
July.
*»«.•
Sqit.
386
3t7
309
89
38
86
38
33
53
48
Oct..
lOT..
327
77
35
29't
Dec.
370
67
73
^36
367
371
75
1.9
'•5
U8
U2
53
1.1102
29-5
36.0
3U.U
25.6
11.8
22.3
110.3
27.0
33.8
32.5
ll.ll
13.9
13.1
18.9
16.8
17-7
112.7
93
98
UJD.O
100.0
100.0
10;
101
100
loo.e
100,0
100.0
31.1
29.7
28.0
13.7
12.3
11.3
IJ.l.
Ul
16.3
16.9
37.8
Ul.2
U3.8
11
55
138
9
9
117
117
103
100.0
100.0
100.0
23.8
25.3
2U.9
11.0
10.8
9
8
11
"5
112
102
lUl
100.0
100.0
100.0
2lt.O
Ul
13
l4l
55
23.
20.C
9.8
10.7
10.7
9.6
35.5
36.7
16.5
16.5
17.3
119.9
17.5
li7.e
17.1
I7.k
U8.8
53.0
2.9
37.0
117.2
U7.0
Series 7 and
Total, Inception
throu^
Dec.
31,
19I16..
17,686
509
1,193
5.351
13
lUl
96
702
1,016
1,156
1,012
901
3,U18
7,197
gii
263
1,055
Fiscal years:
19111
U61
6
19112
2.1t67
71
106
1<)U3
3,517
3,678
3,337
2,873
19lilt
19115
I9U6 r
nM
109
61
229
291
255
179
U98
696
683
595
556
l,it66
1,1109
1,362
1.172
1.2
100.0
100.0
100.0
100.0
100.0
100.0
Calendar years
19UI
1.393
3.168
3,J«5
3,66U
3.115
2,962
19112
191*3
iguu
19115
19U6
26
98
123
131
sit
117
355
^11
267
293
215
16U
906
1,116
1,119
933
922
100.0
100.0
100.0
.1
1,187
l.ltlts
100.
.2
537
611
1,3112
100.0
100.0
.1
279
63U
687
670
676
1,331
1,216
.1
Months!
19115-nee..
3115
103
62
ll«
100.0
19116-Jan..
16
11
13
86
63
72
52
FeD..
Mar..
319
255
255
159
135
119
100.0
100.0
100.
1.6
l.U
l.U
Apr..
May..
Jvae
280
250
250
lU
81
75
56
93
55
125
13
IJ
103
lOU
100.0
100.0
100.0
l.U
1.5
l.U
367
20
2l»3
120
8U
66
^5^
138
86
62
100.0
100.0
100.0
l.U
1.6
1.8
71
Ult
57
71
61
91
73
100.0
100.0
It6
1.9
1.9
1.8
July
Sept.
185
15
12
Oct..
leT..
193
159
207
lU
11
13
ilSf
I
Sec.
77
113
lt8
I12
100.
I^bruary 1947
J9
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 4.- Number of Pieces Sold, Classified bv Denominations
(dousanda of plAcea sold)
P«rloiI
all
danoalnattona
Total, Inception
Baeeitior 31,
X^noBloatlono
Total
no
»85
»50
*100
»5oo
»1,000
1,687
l't,578
12,193
108
125
l,"*93
1,311
1,698
2,686
3,725
3,535
2,065
612
2,282
600
1,751
3,3"to
2,1*20
2,881*
*200
1/
throng
19lt£
1,085,620
19,15"*
760,691*
157,9«9
119,32"*
767
32,832
159,36?
353
9,107
28,828
552
10,837
22,851
221,28"*
209,1*80
1*3,800
3l*,UU7
Tlacal jraars:
1,905
55,967
215,709
305,986
303,116
165,039
19111
19112
li^i
l9Wt
19lt5
igitfi
9,223
8,505
32,083
lU,693
112,071
1,975
2,730
2,800
2,121
Calendar j*arm:
13,219
135,227
270,068
320,527
253,078
93,502
191*1
19l«
19l»3
191*
191*5
19W
Honthe:
19l*5-nec«mtor
1'^~3bwi»tj
37,773
13,757
769
918
2,981*
8.%2
92
1,505
2,669
1,870
18,613
9*5
12,19*
2,**5
1,902
ItOl
335
320
13, "•52
620
516
509
l,9"*7
I.2I1O
6'2ot
1,365
67I1
6,2l*6
1,291*
723
77
212
99
103
130
6,222
5,355
1,1*21
7"«3
111
lllO
1,128
971
637
613
78
68
56
uo
131*
109
133
1,008
1,015
890
706
9*2
599
72
11*6
185
61
57
126
156
UU
137
933
836
639
563
713
61
53
72
119
9,238
1,730
Septenber
October
loTesber
Secambar
3,856
62,769
Jipril
in^at
"•7,915
3,1*6
17,81*2
28,915
36,077
"•,191
9,255
9,081
July
2,1*85
18,999
37,060
?5i*
2"* ,'551*
7ebraar7
Karch
May
June
3,582
11,381
6,077
9"t,35H
198,333
226,213
523
299
299
172,9118
i*,666
7,216
6,8U7
6,033
31*3
It,
276
239
'•,572
6,2^7
233
l*,09l*
5, ''71
6,101*
178
15«
3,593
3,879
756
3,997
91*8
uo
1U6
Sarlaa T and
Total, Inception throng
December 31, 191*6
16,1"*!
1,029
233
2,110
3,251
3,869
3,326
2,323
72
216
303
291
126
5,'t52
2,502
5,656
fiscal years:
191*1
igUa
191*3
191*)*
19't5
19l*£ r
60
28
77"*
300
1,1119
W7
1,1*25
610
1,156
6l*9
532
371
277
1,077
1,317
His
100
7"15
1,090
1,231
1,071
937
Calendar years:
191*1
901
191*2
2,902
191*3
3,62"!
I9W*
3,821
2,807
2,085
19'*5
191*6
156
270
373
1,39"*
22!*
899
55
1*88
Months:
19l*5-IleeGBber
298
19l*6-Jannary
215
February
Karch
^11
>lay
June r
90
10
5
5
55
38
38
181*
"*2
H^
167
39
July r
August r
September
25U
181
October
HoTenber
December
157
130
161
11*6
37
26
1*1
II
35
yt
31
39
30
25
28
23
27
»5,000
(10,000
Treasury Bulletin
40
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 5.- Sales of Series E Savings Bonds, Classified by States
(In tboUBandB of dollars)
Total
Inception
19'»5
igitfi
throng
State
December 31
WI16
Alabama
Arizona
Arkeneae
California
Colorado
Connecticut
December
52U,250
15,701
158,311*
l»,92l*
282,858
6,617
January
February
10,81*8
3,61*1*
2,661
91c
1,215
2,228
It,
March
May
April
3,586
1,227
2,291
3,327
1,006
2,015
3,558
1,32J
2,197
3, ''58
1,221*
25,199
2,958
5,089
28,U9U
3,353
5,059
29,51*2
835
6,122
765
''.505
961
6,979
U,856
k U7I1
'1,077
3,91*9
866
33,329
868
29,1*63
921
29,096
9,888
9,750
8,706
8,803
73.966
5li,9sli
28, 750
7,5:^5
5,797
8,911
3, 1467
3,361
13,812
28,180
2,738
5,356
29,627
3itO,OU7
5,951
5,651*
1,996
Diet, of Columbia
105,529
5^6,967
12,71*7
5''3,652
11 326
751
6. '95
I1.58O
1,019
8,691
Florida
1,938
8,192
10. 335
710
6,851
U,S11
l*,809
Belavare
l',997
Oeorgla
Idaho
Illinois
553,257
10,91*7
11(2,077
3,183,6140
5,035
11,391*
l,liOU
68,801*
58,136
SU2
33,920
Indiana
Iowa
Kansas
1,165,337
9gU,723
608,019
22,681*
17, I'll
9,726
28,979
111, 678
16,828
7,781*
9,851*
7.707
9,998
10,231
9,585
9,005
9,370
U,15U
9,6U2
7,088
1*,1*92
i*,85l
'1.095
l*,3l6
11,097
2,1*65
1,1*25
9,978
27,8U0
1*1*, 696
13,979
26,731
28 392
1*,71U
12,878
ll*,810
13,558
15,618
920,703
305, U12
1,090,307
22,623
7,196
12,578
U,820
16,789
7,235
2,150
10,050
7,721
7.5OI1
2,1*01
10,U71*
2.351
209,758
3,800
13,327
1,098
3,268
8,11*3
1,716
U,ia5
6,1*63
1.733
6,971
796
383
332
31*5
1,866
22,087
1,662
961
12,615
1,069
n,9i*3
887
909
12,377
789
u,7n
91*'
U5
1*^9
''6,233
''3,972
Kentucky
Louisiana
Maine
1*72,009
501 ,028
Maryland
Massachusetts.
Michigan
585,501*
198,983
.
.
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
1,U85,605
2,358,965
1*76,188
53,7''5
New Hampshire.
New Jersey
New Mexico
.
New York
North Carolina.
North Dakota
.
Ohio
Oklahoma
Oregon
Pennsylvania
Bhode Island
South Carolina...
South Dakota
Tennessee
Texas
2l*,525
,
9,705
10,089
1,518
2,21*5
10,808
8,658
1,907
9,326
7,087
2,100
9,008
2,058
5,519
388
l,ll83
1,815
5,782
3U6
5,227
312
777
11,122
9?6
888
10,760
760
866
707
11,1*25
10,311
786
783
37,993
35,557
39,061
5,61.6
l*,926
'1.768
1,882
1,71*1
2,U23
33,932
1,511
2,570
21,852
5,011
18,383
3,965
3,107
18,603
3. 11*9
18,789
1,517
5,086
776
1,617
2.379
26,203
1.526
2.2U7
21 119
1,162
1,928
2,01*3
1*,086
2,315
5,768
10,660
2,115
3,515
11.069
1,1*10
1,073
572
5.916
5,513
I.I59
558
5.682
1,728
10,27"*
1,577
5,557
395
1,588
l*,608
l*OU
9U5
13,166
836
1*0,701
1*1,369
113,
5.101
11,338
l*,89l*
3^6
U,652
1,51*6
1,1*91*
1,785
1,901*1
23,U3U
21,U23
21,706
23,221*
19,828
>',639
3,77''
11,096
i',3''5
1*,622
3,31*8
1,''97
2,51''
1,793
2,098
2,222
2,l61*
2,l*6U
lt,0l*2
13.39"
12,709
3,898
12,379
1.1*36
1.863
UU5
1,281*
7,303
6,3611
5,850
6,222
3,8'*3
'*,153
8,621*
5,727
3,075
7.636
69U
606
6,717
8.531
1,350
78U
78 U
723
U22
500
11*1
11*1*
212
299
710
238
257
985
?66
1,363
223
-1*9,779
-57.028
61*0,861
913
i*,3o6
6,657
3,563
8,159
908,232
1.267
1.078
12,983
785
1,901
2.378
152,321*
8,81*0
8.072
1,81*1
'*l',l''5,519
7. 1*51
1,892
9.127
7,3i'3
1,926
lO.OUl
28,1*1*0
20
8U
7. 51*8
7,125
2,090
9,855
3,275
653
3,583
9,299
15,J30
13,987
28,391
1.890
2.553
35,831
1,782
931
3,999
10,189
lU,285
3,938
10,01li
3,136
1,821*
3,216
5,302
1,216
9,3113
27,1*1*6
505
992
2,570
1,285
27
9U
1,208
3,81*8
3,117
29,385
27,139
3,161*
15,572
29,703
253, ''30
3,32U
1,358
ll*,217
3.587
7,1*95
15,1*26
3,1*90
10,578
50,311*
12,350
3,526
ll*,5Sl
3,651
16,790
8,063
22,678
2,158
3, 65'!
12,095
28,681
896,279
371,126
972,170
89,379
5,229
*,059
12.957
13,201
1,101
lU,656
10,1*20
5,592
11,'* 78
69,156
1.709
566
6,2«3
8,701
8,561*
27.395
11,338
3,325,071
3,01*1*
8,771
10,391*
5,761*
8,3U6
6,U5U
1,970
1*,U82
1*,251
1,826
U,6o6
13,332
8,986
"•,267
15,051*
2,71*6
29,193
952
28,0U6
5,012
11,123
15,350
511,277
562,250
9,1*53
3i*,iU5
1*,1U5
828
25,8llU
1,367
22,562
5,566
11,158
U,023
997
'•,070
720
1,536
39,909
10,630
5,626
199,361
627
5,789
5,515
ii,U9i
51,775
51*2,718
'1,153
1, 398
1,501*
2, 661*, 1*95
2,331
3,882
66U
l,6o6
1.509
6,181
5,69''
803
6,356
11,890
85U
6,206
3,607
11.137
5.1*76
l*,87l*
23,218
5.OOU
23,255
3.868
''.557
1,38"*
1,729
5,21*9
25,8SU
5,066
U,78U
26,581
3,207
ll,0l*0
i*,7au
289,911*
3.032
1.050
1.905
3,35''
U,638
3,710
2,61*1
21*8,71*2
5,383
1,155
2,179
1,028
2,118
3,782
3,662
76,1*89
9,01*6
53,561*
ii;626
September
3.536
1,26«
1,973
1*,010
5,801*
132,671
15,838
U,702
Washington
Vest Virginia....
Visconsln
VyomlBf
Source:
p
9,313
9,222
U gU5
5,365,316
58U,137
212,136
5,812
1,603
17,871
Total
U.U95
9UO
30,891
2, ''75
35,01*3
Adjustment to
Daily Treasury
Statement
6,265
U.U70
31,167
2,273
196,310
73,075
768,102
Puerto Rico
Virgin Islands
Other possessions
5,1*77
3,161
5,08U
127,187
1,757,877
Hawaii
U,U76
875
573
3''.
2,217
1,621,31*8
103, oug
Utah
lermont
Tlrglala
Alaska
Canal Zone. ......
Au^net
3,658
1,239
2,351
820,699
3,555,750
July
June
178
258
1.383
305
1
3,251*
2,301*
1,71*1
2.53''
3.9l'l
2,251*
U,311*
12, ''76
13,883
2,568
3,666
11,911
1,75"
U91
6,561
1,''93
635
1,193
528
6,598
5,376
6,089
5.716
5,1*97
i*,0l*3
3,751
8,55''
8,531
735
5,561
5,226
9,128
733
5,520
3.5l'l'
7,971*
3,359
8,207
8,178
658
703
791
178
268
1,077
2U0
161
215
1,180
76
u
713
278
233
1.075
212
239
227
1,1*61
128
111
Ul
11
•19,i*«3
6,335
-35.1136
••25,358
•9,361
387,810
3Ui*,803
321,069
386, U76
3''7.278
6^
123
117
-227
-17,192
366,977
371,271*
l*,596
1,997
5,125
375
1,635
1
1*
520
26,970
1,355
1
3
Daily Treasury Statement and reports of Federal Reserve Banks,
Preliminary.
536
gi*6
1,965
5,079
1.730
2
18
21*,
11,705
I169
1.979
5,513
207
239
318
905
268
759
128
lUl
6
15
2
10
-8,U12
-1.769
-18,758
308,81*6
326,791*
295,901
1*5
Ul
Rbruary 1947
Sales and Redeaptlons of United States Sayings Bonds -(Continued)
States!/
Table 6.- Sales of Series F and G Savings Bonds Coaiblned, Classified by
(In thooHndi of dollars)
Total,
Iftc option
throofh
Docoabor 31.
191)6
19*5
Ipr.
Najr
^17
Hag-
Doc.
3opt.
19lt6
Uaboaa.
i.ao
1,101
899
M.777
1.1I1I4.097
California.
Colorado.
Connoctlcat.
.
.
Dolawaro
of ColoBbla
Dlit.
MT
lO.SJO
132.
Arisoao.
Arkanoao.
1.55s
6O8
824
1,624
513
1.238
",020
12,876
4,052
2,699
12.637
2.329
2.530
11.952
1.314
1.967
13.860
1.750
2.260
1.137
2,563
2.850
"95
1,718
2,935
583
1.460
2.625
"13
1.660
2,355
3"8
1.664
3.207
"89
"32
2."39
27. "31
18.324
2,003
395
14, 066
2.059
603
15.091
1.302
505
13.702
2,162
775
16,037
971
8.601
1.835
"17
860
2.191
474
1.355
1.909
884
1.019
1.47s
945
16.232
1.883
6.911
16,509
2,198
5. 308
16,722
2.221
5. "50
15.501
1.975
","92
15.OSO
2.961
3.825
25.5"7
3.229
".937
16,767
931
1.906
889
2.893
"."65
411
571
1.107
3'»7.6'»9
'•.35''
18.3"7
2,200
7.059
67.532
151.255
1.778
2,253
3.216
2,222
2.331
3.511
1,148
1.225
2.871
1,607
2.442
3.158
1,006
2.208
3.900
3.762
1.180
2.596
3.244
2.371
557
18.810
2.573
586
31.088
1.276
265
19.851
2.710
22.613
2,435
859
20.07s
1.970
752
18.789
2.559
629
24.266
6.728
7.60s
3.652
8.213
7,859
3.623
5.378
5.73"
".105
7.086
8.937
3. 876
6.03a
7.158
3.061
5,7"1
7.031
2.529
8.839
7.135
3,673
4.046
6.190
6.201
2.131
5,305
5,169
3.05"
5.359
6.387
2.595
",319
6.103
2.72"
5.96"
8.838
3.109
Georgia.
Idaho
Illlooli.
170, 29"*
39.309
1.337.509
397. 5»l
•Mot. 361
.
367
587
1.633
409
1,098
1.956
760
441
20,391
2.333
193.38''
.
1.299
1.893
llA-lS}
riorlda
ladlaoa.
lova.
Kanaao.
1.498
342
702
2.575
633
1.822
195.738
705
2.
8.
88
lootackj.
Loutaiana
Malao
a5.26o
177.361
106.376
2.605
2,959
1,541
2.845
2,158
2.301
5.014
1,981
1.843
3.331
2.635
1.206
3.705
2,083
1.7""
3.693
2,048
1,569
5.281
2.791
1.527
5.536
2.912
2,11"
3.715
1.662
1.629
2,578
1.727
861
2.860
1.711
820
1.7"!
1.464
595
2.962
1.615
1,146
Marjrlaad
Naaoacbaaotta.
Mlcblgaa
259.927
863.420
511. "to
3,l4i
12.420
12.2SS
4.286
19.876
9.193
"09
17.079
6,733
4.680
17.912
5,988
",716
20,792
6,461
".370
20,107
6.481
5.173
11.425
9,400
5."75
19.858
8.770
3.591
12.175
7.339
2.463
6.527
4.998
2.50"
6.2S9
5.830
2.916
5.198
5.148
2,617
7.00"
7.046
Klnaaiota.
Nlealailppi.
KiiBOorl.
350. '179
92.1't2
i»75.689
5.711
1.650
7. 080
6.612
1.3"2
9 615
5.371
1.100
6.805
5.97"
1.083
7.301
5.57"
1.158
5.200
1.360
7.
8.675
1.978
10.372
5.587
1.092
8,058
".733
1.052
6.795
".707
7.711
6.795
1.226
10.752
5.92"
4,428
858
5.371
4.7"2
1.105
7.15"
NoQtana.
56.935
177. 908
17.736
900
4,021
212
937
580
2.900
1.011
4.424
202
936
3. "42
316
3.440
192
706
2.7"7
26S
986
3.84s
422
918
3,180
290
762
3.106
155
570
2.923
16s
876
2.751
80
81"
3.639
262
1.305
8,928
202
759
9.1"6
560
1.3«3
10.085
410
75"
7,6l4
144
53"
5.612
969
384
6.625
486
609
5.235
330
689
6.176
396
"2.144
36,236
3,276
946
2". 003
2,201
988
27.70"
2.567
1.335
22,008
2,15"
1,283
27.582
2.912
1.031
10,682
1.775
2,211
11.593
1.33"
1.624
9.079
1.260
1.589
11.730
3.320
I.8O9
.
. .
obraska.
RoTada
.
.
Hew H&inpsblre.
Hon Jorsey.
Dow Mexico.
.
.
. .
Hew Tork
^ortb CarollDj
North Dakota.
Ohio
Oklahoaa.
OrogOD
72. '123
824
558.172
3'*. 650
7.624
2.«7ii. 770
3". 370
202.249
67,6si
3. '•39
966.982
125.29't
113.566
3.59"
264
3.
76
"69
587
871
1,298
9.665
199
643
410
201
1.570
7.562
285
1.231
7,955
300
46.564
2.830
850
45.537
3.088
1.288
"5.362
3,"13
1,231
44,943
1.248
50.872
2.8I6
1.108
958
50.082
4.131
853
15.504
2.703
2.658
24.383
2.699
1.894
13.890
1.63"
1.783
15.39"
1.717
1.767
17.772
1.699
1.700
15.58"
1.727
l,""3
20.095
3.042
1,668
23.515
2.052
2.316
l4, "29
27. "59
35.803
2,148
1,737
27.321
2.727
1.722
33.133
5.550
2.183
K.59"
2.27"
1.182
15.557
1.57"
l.lio
15.832
82"
1.236
l".757
1.068
1.04l
16.519
1.033
1.234
8S3
1.S64
6.4$6
999
2,l"5
5.209
1.271
1,618
4.979
1.157
1.893
3.713
1.521
2.401
5,617
2"7
271
657
3. "91
1.S17
1.834
137.
't21
95.
W6
20.108
1.573
1.328
2C.886
2.172
1.219
19.494
2.440
992
25.584
2.057
1.464
1.331
3.105
8.028
1.049
3.510
7,113
824
1.692
5.131
916
2.301
6. "25
2,71"
5,615
1,263
2,664
5.306
1.514
3.025
'teiae
55.805
174,861
482,974
7.151
1.169
3.691
6,91s
Utah
Varaont.
Virginia.
36.406
39.759
238.784
504
"93
4,360
780
990
4.032
338
540
2.533
31"
563
2.199
601
508
3.175
510
786
2,828
517
"57
3.420
507
l.OOl
4,148
403
611
3.137
486
379
3.381
3,303
443
270
3.055
"67
4,241
242, 308
4.446
1.741
8,610
63"
3.9"6
1.532
9.203
426
3.503
1.260
5.962
3"7
3.581
79"
8.125
173
2,6o4
1,332
7.656
316
2.820
1.36s
7.003
4.894
2,306
9.161
445
2.67"
1.421
7.583
399
2.
516
2.865
1.552
8.535
385
"51
1,121
5. "87
523
3.039
l."65
5.709
283
2.42"
1.111
5,46s
"78
3,653
2,237
5.91"
621
37
51
79
122
700
126
24
13
1.7"8
23
35
53
5"3
4
6
6
2
11
51
22
18
505
38
"22
76
555
26
10
22
536
1
•9
IS
12
901
6
8
Paoaa/lvaala.
Bhoda lalaad.
South CaroUu
1. '26. 177
South Dakota.
TaoDaeeee. .
.
VashlQgton.
est Virginia.
Vlsconiln
Vyoalnx
.
.
90,598
438,402
28,926
Alaska
Canal Zona
aaoall
Puerto Slco
Virgin Islands
>Hbar possasslons.
5.316
6.276
54,404
13.551
812
903
1,018
140
^alas to coaaerclal banks 1/...
895.480
90,703
2.322
1,786
971
2
6
465
19
1
407
2S
731
3
32
358
28
179
6
20
20
1
AJ.Wstaaot to
Daily treaaory
Slataaant
Ictai
19.913
-".758
8.714
8.91"
-14.283
8.599
-19.310
-40.071
»3".963
17.6S6.292
3"5.289
318,698
255,427
255.097
279,952
249.540
250.157
366.51O
24g,744
2.183
6.671
-".536
985
165.265
192.577
158,845
206.696
-l:
Source:
p
'
•
1/
Daily Traaaury Stataaant and reports froa Federal Reeerra Banka.
Prellainary.
Less than $500.
Stats figarss sxoluds sales of Ssrias F and G bonds to coaaerclal
banks.
Coaaarcial banks were permitted to purchase Series T and
bonda onder certain conditions dnrlDg ths calendar year 1944
(treasury Ballatln* for Dacsaber 1944. page 56. footnote 9); froa
June 18 throu^ June 30. 1945 ("Treasury Bulletin" for February 1946,
page 37. footnote 9); and froa Deceaber 3 throogh Deceabar 8, 1945
("Treasury Bnllstln" for February 1946. page A-22).
Treasury Bulletin
1+2
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(Id thoutftnda of dollar! at eorro&t rodeaptioa valuoa)
1915
Total
Oct. 19U1»D«c. I9U6
Alabaaa.
Arlzoaa.
Arkansas.
191*6
Jan.
r
55.872
5,532
9.625
52,193
5.137
1*8.865
i'.596
8.60I*
37.698
".357
7.336
"2.856
5.96"
7.506
1*2,601
"0,927
",818
7.1"1
5", 882
".06"
7.017
5.706
6.380
52.165
2.812
6.6U2
1.181
5. "13
8.b5U
1.372
7.377
1,222
1.1"1
5.61*7
6, "75
7.1*75
1.329
5.368
10,206
8.556
7.1"5
1.160
".890
7.109
1,082
".83"
6.969
1.117
6,057
7,0"2
1.089
".23"
6.932
852
",6ri
6,7"7
7.''7''
8,525
2,083
38,658
6.628
2,021
39.897
i*,i*go
1.867
58,296
7.506
1.59"
55.391
7. "65
1.376
55.892
6,21"
1.516
6,58"
l."88
3". 530
3". 057
5.702
1,307
31.9"3
5.527
1.150
27.911
lU.792
10.785
8.257
ll*,200
13,1*28
9.271
6.885
9.525
6,619
12.655
8, "90
6,078
12.188
8,011
".171
11,926
7.51"
6,277
11.032
8.255
7.030
10,728
7,796
5.050
9.5"5
6, ""5
7.028
6.719
6.1*99
5.335
6,231
2.259
5.9''3
2.11*6
5.372
5.298
1.892
5.68"
5.552
2.027
5.1"5
".73"
1.762
5.035
5.397
1.913
".99"
".96"
1.892
",221
".317
1.693
5.3"8
12.583
2". 73"
7.1"8
13.32"
23.555
It, 952
11.862
20,0"5
8.755
2.893
13.12"
9.228
2.967
11.160
7.8I9
2.675
10,560
1.750
3.776
50,602
U.128
58.213
52.179
5,3''6
<*,860
193. 77"
8,l«6l
8.578
8.212
Dslawara
District of Colu
Florida
27.639
135.269
1.110
6.118
8,733
1.286
6.301
10.252
lieorgia.
168,027
Idaho.
35.6112
69it,2g6
8.977
1.776
Ullools.
7.153
1,580
56.800
1*1,292
iDdlana.
361.61(7
lit.
761
lb, 183
lows.
208,076
858
lltl,212
,1*32
10,119
7.252
ll»6.576
lUit.725
i*g,i6g
.376
508
189
6,721
7,051
1,993
Mar/land
Massachusetts.
Michigan
157,851
6,626
7.12I*
Minnesota.
Mississippi
Missouri.
236.653
76,690
327.537
.
Kaosas
.
.
.
iveotucky.
Louleiana.
Maine
.
.
.
Montana.
Nebraslca.
Nevada.
.
Nev Hampshire.
New Jersey.
New Mexico. .
.
.
.
Hew Tork
North Carolina.
North Dakota.
.
Ohio
Oklahoaa.
Oregon.
15.155
11.811
6.1*27
6,31"*
b,209
1.673
6.578
15.926
15,566
31.515
ll».557
27.307
6.681
12.597
27.839
6.155
13,621
26,900
6.13"
12.139
22,966
11,812
5.505
15.855
11,370
3.312
13.127
10.272
2.535
12.93"
10,211
3. "22
11,682
12. "2"
2.8U7
".925
772
2,362
2.117
"."56
1.930
2.878
761*
"85
2,062
3.555
638
691
1,888
b,080
568
706
1,750
5.328
"65
1.1*35
1.1*28
1.313
13.596
91"
1,198
1"."38
1,"02
1.199
15.3"3
l."27
1.295
10.153
1.262
1.09"
15.37"
1,008
ll*.g22
30.106
32.631*
9.279
12.120
7.237
12,2l*l4
3,5a
1*.102
i'.135
li*.0l6
17.790
11,1*51
835
17,256
1.990
1,916
6,102
11*.
i*l*.0i*9
1.738
2.1*39
102.988
16. 889
1*,062
U.628
888
30,U9g
1.375
19.332
1.368
19.016
1.769
1,160,069
158.163
31.606
51*, 801*
61. 1*25
7.061
261
31.851
6.252
7,200
3'*.
7.530
8.329
8,163
7.1*29
1*1,050
35.886
"1.175
2.622
3.955
2,181*
51.015
2.776
I*.
123
'tU,385
77,871*
37.828
2.836
3.773
2,600
3.272
2.929
l,8Ult
1.697
7.309
512
6.1*95
22.91*6
3.176
726
8,168
11.581*
5.611*
ltO't.328
33.100
77''.
766
1.153
777
838
1.338
19,231
1.871*
18,787
1.572
16,851*
1,61*U
1.525
1.227
l".g21
l."97
53.901
5''. 71*7
8,217
1,718
52.211
7.053
927
9.'»39
1.607
7.205
1.807
51,692
6,738
1,781
"",960
6.515
1.690
39,20"
5.920
l.6"9
38.55"
6,011
1,38"
"7."0"
6.00"
1,251
25.359
".378
1.277
"8.597
",9"1
1,168
031
32.11*14
36.258
33.928
8,1*86
7.051*
27.980
6.373
6,689
29.087
6,382
6.5"3
25.313
6,0"9
5.6"7
2", 805
7.721*
30.276
7.152
26, "63
9.650
8.691
21.809
".650
".893
36.386
2,315
2,97"
55.88'
2.315
2,6"3
33.257
2.0U6
2.699
32, "32
5". "86
2.185
2,723
2.316
2,061
1.588
5.386
21.028
l."18
6,93"
18.933
l."07
5.595
15.310
2.787
757
8.10"
2.505
2. "03
719
8.990
673
6,651
2,"""
678
7.25"
1.11*1*
10.955
5.758
10.729
1.098
9.299
".696
10.05"
1.09"
9.687
3.837
9.658
820
305
332
2.730
786
10
318
"76
2, 068
972
19
265
2ltU
1*6"
936.919
63.327
South DaKota.
Tennessee. .
leias
33,11.1*
1.302
7.1'25
1.773
7.679
1.207
7.262
1.901
166.792
5''3.203
23.573
28.1*80
26,1*66
29,998
58,073
2,651
622
2.761*
10,1*21
536
7.823
3.117
719
207,319
2,505
665
9.170
21*8,1*50
10.1*52
12,01*3
10.1*52
113.761*
21*0.816
5,1*70
ll.Ql'O
a. 921*
U.6U7
10.315
832
10,855
1.153
10.050
963
6.398
268
299
220
325
.
Utah
Vermont.
Virginia.
ll*,883
Washington.
Vest Virginia.
Wisconsin
Wyoming
.
.
Alaska
Canal Zone
Hawaii
Puerto Bico
Virgin Islands
Other possessions...
Adjustment to Dally
Treasury Statement
Total
Source:
Note:
11,911
9.176
2.722
1.113
17.162
1,21*7
Pennsylvania.
Shode Island. ..
South Carolina.
.
2.160
it,U8i*
7.369
32.316
31*,
9,1*1*0
2,0"1
3.129
7.378
705
000
lit,
760.73''
158,533
170,876
.
1.871
38.926
7.927
3.008
•.305
5.9'tO
ll*.UU3
31*8.1*65
".877
1.755
2.526
5.853
1.911
3.320
1,128,862
101.981
.
".889
2.17"
3.020
3.299
5.368
2.201
5.206
5.6"!*
2.1*67
i*.300
192.'t6't
5.528
2.036
3.258
6.316
8.532
2.698
i'.876
.
Oct.
7.163
7,892
2.826
'*,22lt
.
Sapt.
5.997
7.35''
2.1*93
Colorado,
Coaoectlcut.
kut.
2.591*
163.675
55.823
87.966
Califomia..
Jalr
3.180
8,0a
ll.3'»5
12.211
6.277
10.591
1.298
561
3. SI'S
58,535
3.161*
3.359
15,9i'6
732
651*
3.719
593
1*1*2
lt57
25
37
21
1*5
367
21*.
11.125
2.1*91*
1.592
796
2"
5.900
6,260
1,"19
5.981
5.3"5
5.757
27.878
1,967
2. "25
19, "20
1,132
".776
16.623
2,1"5
650
8.5"3
2,070
658
5. 518
2.059
580
6,772
9.273
".010
9.195
63"
8.9""
".161
8,858
1.356
8.25"
5.73"
8.52"
7.653
5.606
7.592
7"9
21"
238
1.861
216
358
1,"68
"73
316
303
2.633
677
lii*7
l."59
U68
200
535
691
665
10
2"
33
13
18
2", 81
1.276
5.827
785
307
•39.196
-5.569
1.293
-68
-7.951*
••26.95U
-10,369
•5.818
•30,830
-163
-18.687
51.769
-19. "2"
12.079,666
51". 953
583. 3"5
520,765
580.852
576,531
"97.79"
U66.86"
"78.811
"27.263
1132. ui 3
""2.088
361,225
Daily Treasury Statement and reports from Federal Reserve Banks.
It should be noted that State figures presented in this table are
not necessarily comparable with sales data by States inasmuch as
bonds which have been purchased in one State may have been redeemed
Moreover, the figures shown In this table are based on
in another.
p
current redemption values, whereas the salep figures are shown
Data on redemptions by States are not available
at Issue price.
prior to October 19"".
Preliminary.
Kbruary 1947
^3
Sales and Redemptions of Treasury Savings Notes
ries,
Treasury savings notes were Issued In three seseries A from August 1, 194l through June 22,
from August 1, 191+1 through September
series
C which have been on continuous
and
12,
All of aeries A and B
sale since September 1^, 19'*-2and some of series C notes have matured.
1943,
series B
19'<-2,
Series C
value
and B notes, see "Annual Report of the Secretary of the
Treasury" for 19'+2, pages 20? and 220.
each
notes
are
sold
at
par,
and
month, yielding 1.07^1 per annum
accrue
If
In
held to
These notes
maturity (3 years froB date of Issue).
may be used In payment of taxes any time after 2 months
after Issue, or may be redeemed for cash any time after
For details concerning features.
6 months after Issue.
Investment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October ig**-?. pages A-4- and
For details concerning the features of series A
A-5.
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes turned In for redemption (either for cash or for
tax payment)
are Included In the figures on redemp-
tions.
Matured notes outstanding are reflected In the
Interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
upon which Interest has ceased,
In accordance with the
practice of the Dally Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see "Treasury Bulletin" for February l^k6,
pages hZ and 1+3.
Table 1.- Suranary of Sales and Redemptions, by Series, as of December 31, 1046
(In
Traaawjr aavlBC* notei
mini
of (tollara)
Treasury Bulletin
Kk
Sales and Redemptions of Treasury Savings Notes
-
(Continued)
Table 3.- Sales of Series C, Classified by Denominations
(In
lllloBB of dollars)
BenoBl nation
Total
all
or Month
19kk
denoHlnatlona
8,953.7
7,015.8
3,525.5
W*?
19k6
. .
598.0
. . .
301.8
181.0
178.7
19%^.Deceaitier.
19h6-^BnuBrj
Februar7
March
*100
10.5
13.6
5.1.
.5
.2
.3
*1,000
$500
507.6
1,858.5
lllV.O
102.7
160.3
1,1*88.0
617. k
3,086.7
2,378.2
1,120.8
1,259.5
827.0
588.0
1,808.0
1,598.0
917.0
2.5
17.1
111.8
185.0
51.5
197.0
1.3
7.8
U.3
3.".
"1.7
52.6
22.2
91.3
k9.k
50.0
.5
.6
3.8
5.3
22.
57.
5.1
k.l
5.0
7.8
7.2
8.1
36.7
32.1
39-5
90.8
5.11
3.1
5.2
10.1
6.2
9.0
38.8
25.5
ko.2
82.7
53.6
93.0
5.0
3-0
6.0
8.0
5.5
11.8
21.5
k8.e
.3
.3
.7
.6
June
lak.O
.3
.6
July
AuguBt
300.5
.3
188.
.2
.7
.k
Sept«Bl)»r p.
2li8.2
.3
.7
October p .
Horember p
Deceaber p
183.5
166 .l«
359.5
.3
.2
.li
.3
.8
p
Dally Treaauiy Statement, Pabllc Debt Serrioe, and reports froM
Federal Reeerre Banks
PrellMlnary.
$1,000,000
398.5
198. li
Source!
$500,000
2611.3
299.0
.
$100,000
32.8
13.8
April
.
410,000
2I1.2
•toj
.
5,000
.6
32.
39.
7k.
67 .k
67.2
k5.8
102.3
February 1947
^•i
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
^
(In thouBands of dollar*)
Percentage dlstrlhution
of radeaptlona
PedaHptlcna
Flecal jeax
or Bonth
19k3
19kk
19k5
19k6
Aaotmt
outataadlng
and of
flec&l year
or Bonth
213,350
196,518
177,598
95,976
Vat cbanga
during
flacal jraar
or wmth
+k5,620
-16,832
•18,920
-81,622
^y
Exchanged for
Dnltad Stataa
aaTlnge
tonda 2/
Salao
590,268 k/
ko8,930
268,ku
5kk,6k7
k25,762
287,331
109,852
191, ''7k
k7k,l68
352,632
231,593
130, k22
Caah
lotad
2/
70,k80 2/
73,130
55,738
61,052
Ixc hanged for
United Stataa
aarlnge
bonda 2/
Caah
2/
100.0
100.0
100.0
100.0
87.1
82.8
80.6
68.1
12.9 2/
17.2
19 .k
31.9
19k5.I>*ceaHb«r .
133,229
-6,128
5,259
11,387
7,990
3,397
100.0
70.2
29.8
19k6*f anuAZT .
.
120,20k
Tebrijary .
U6,855
-13,02k
-3,350
16,713
10,623
112,335
-l.,519
11,229
6,751
8,999
5,k8k
3,873
5,367
100.0
100.0
100.0
67.2
63.5
62.6
32.8
36.5
March
3,689
7,273
9,8k7
April
Maj
Jun«
10k, k97
99,252
95,976
-7,838
-5,2k5
-3,275
9,309
6,362
3,598
17,11.8
11,607
6,87k
10,051
6,80k
k.OOk
7,097
k,803
2,870
100.0
100.0
100.0
58.6
58.6
58.2
kl.k
kl.k
kl.8
91,988
87,750
85,28k
-3,988
-k,239
-2,k65
3,283
1,67k
2,2k0
7,271
5,912
k,705
k,158
3,289
2,k73
3,113
2,623
2,232
100.0
100.0
100.0
5T^
Sept«Hti«r.
k2.8
kk.k
k7.k
Octobar .
RoTeBt«r .
Decaabar.
82,988
81,701
79,321
.2,296
-1,287
-2,380
2,205
2,019
8,58?
k,501
3,306
2,kkk
1,739
2,52k
2,057
1,567
2,kk5
100.0
100.0
100.0
5k.
1.5.7
52.6
50.8
k9.2
July
Augvat.
.
.
.
Source:
note:
1/
2/
Dally Treaaury Stateaant.
See "Treaaury Bulletin", July 19k6 for back figures.
Staape aold prior to October 1, 19k2 vera known aa poateJ. aaTlnga
ataapa and vera obllgatlona of the Postal Barlnge Syatan but subsequently beoaae public debt obllgatlona.
Eetlaatad on the baala of aaaplea aade by the Poat Office Depart-
l'.,367
l.,969
3/
4/
2/
1.7.1.
Ket of aalae leaa reds^tlona. See footn«t« 1.
Doea not Include aaoonts transferred froa Postal Sarlnga Syatea to
the Traaaury to cOTer outatandlng ataapa
Includea alnor aaounta vklch were exchanged for postaJL sarlngs certlfloatea. These aggregated $55 thousand for the period July 1,
19k2 through Octobar 31, 19k2.
ent.
Table 2.- Sales, Classified by Denominations
riecal year
or Boath
55.6
58.6
37.
1^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
^7
Febmanf 1947
Summary Distribution by Glasses of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In
mllUoni of dollars)
Sacurltlai iasued by Unitad States OoTamaant
Securities £\iarantead by United States If
Distribution by claaaas of holdors
Distribution by classes of holders
D. S.
0.
Knd of fiscal
year or month
9.
OoTommant
Federal
Besarra
Banks
ac«ncl«8 and
trust funds
Total
amount
outstanding
Total
public
and
•pacial
isBuaa
Public
narketablc
Public
nonSpecial
marketabla Issues
i a sues
Issufls
Public
marketable
Issues
1,693
1.791
1 835
2,oa8
l,55«
2,676
3,770
2,526
2,56U
2,551
'*,775
2,1*58
1*8,387
3,251
U,U66
5.605
6,803
8,225
2.101*
6,120
2.180
71,968
135,380
10,3140
llt,091
2,1*52
3
19»*3
3,213
19UU
199, 51*3
18,920
i»,623
2U,93lt
19U6
256,357
268,111
29,121
6,105
6,759
7,885
10,871
11*, 287
18,812
22,332
11*,
ig"*?
7
10
17
30
19U5-Dec..
275,69't
27,OUl
7,012
29
19U6-JaB.
Feb..
Kar..
277,'t56
27,691
277,912
27U,7Ug
27,91*9
7,006
7,023
7,008
Apr.
May..
June.
272,711
28, 261
271, "HUJ
28,520
29,121
July,
Aug..
Sept.
267,039
266,359
26U,217
Oct,.
Nov..
262, U15
260,925
Sec.
?57,6i*9
35,«0
1937
1938
1939
igUo
19U1
36,576
39,g«6
"2.376
19U2
Source:
p
*
268,111
,
PriTate
Inveators
Total
amount
2/
unmatured
outstanding
Public
marketable
issues
Total
publ Ic
1 sauas
30,023
29,5'»5
31,730
33,115
37,982
Public Public
market- nonable
oarke table
issues iaauea
Public
noaaarkatabl^
issues
l.,665
33, '•28
1,188
1.556
2,151
3,166
",551
6,360
286
286
275
1*5,1*81
8l*,9l*8
13,507
29,193
28,835
27,989
29,579
29,950
OoTemment
agencies and
trust funds and
Federal Reserrs
Banks
5.1*98
Public
marketable
iaauea
Public
non-
marketable
iasuea j/
U,302
U,52g
5,l6U
5,212
6,085
363
'',853
5,'«o
Private
InTsators
U,262
3,738
1,186
7,11*9
111*, 11*1
lt,5U9
i*,092
287
170
899
21,792
23,783
165,725
209,630
215,206
120,880
1*1*,
81*5
1,516
153,1*21
159,061*
56,209
1*09
U
6
56,11*3
1*67
9
20,000
2U,262
22U,390
167,505
56,886
553
30
30
30
20,655
20,897
21,135
23,261.
22,901*
169,363
57,138
57,176
56,520
5U5
22.601
226,501
227,059
223,975
7,007
7,009
6,759
30
30
21,221*
21,1*81
22,332
221,718
219,988
215,206
165,31*0
163,51*6
159,061*
56,378
30
22,732
22,932
23,783
30,051*
6,627
6,575
157,336
155,829
153,809
56,368
56,530
55.990
32U
370
281
326
30,369
30
35
35
23,01*5
23,11*3
6. USD
391
3''7
30,1*26
6,375
6.310
6,290p
56,oU6
56,307
56,Ui6p
378
362
331
28,173
29,703
30,600
3O.9IIP
36p
2,61*0
58,988
169,881*
167,1*55
23,633
213,701*
23,91*6
2U,0l»9
212,359
23,854
2U,015
23,518
208,1*71
152,1*26
2l*,25l*
23,91*1*
23,350
206,380
203,389p
150.073
2U,585
(l) Iblly Treasury Statement for total amounts outstandlngt
(2) reports of agencies and trust funds for securities held by
U. S. OoTemment a^enciee and trust funds; and (3) federal
Beeerve System for securities held by Federal Heserre Banks,
Preliminary.
Less than 1^00 thoasand.
y
2/
2/
lU6,97-'p
56,1*1*2
56.11*3
115
176
68
28
150
375
3'*
it2U
3''
512
506
U99
501
539
5U2
U92
500
5U2
U67
1|2U
3"
35
36p
33k
317
286
Xzcludes Abligations held by the Treaaury and matured aecurltlet.
The total amount of securltleB held by private Investors Is calcic
lated by deducting from the total amount of securities outstanding,
the securities held by U. 5. Oovemment abodes and trust fonde
and by Federal Beserve Banks.
Stated as of close of previous month.
k^
Treasury Bulletin
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par Talnee 1/ - In
Eald
Total
amount
outstanding §/
End of
month
blUlone of
dollarfl)
Held ty non-bank inTestora
\>r 1>ankt>
ComDercial
banks
y
Inderal
Haserre
Banks
Total
IndlTldUillB U/
Insurance
companies
Mutual
saTln^
banka
Other
corporations and
aasociatlona
y
IS'lO-Jiine
Dacamber
.
19Ul-Jiine
"tT.l
18.U
15-9
2-5
28.7
98
6-3
3-1
U7.9
18.6
19.5
16.1
17.3
2-5
2.2
29.3
30.9
9-7
10.3
6.5
6.9
3-1
50.
21.8
23-7
19-7
2.2
2.3
3."*
2.U
.6
UO.l
10.9
13.6
7-1
21.
8.2
3-7
U.I*
.7
26.0
Ul.l
2.6
6.2
1*7.8
17.9
23.7
9.2
11.3
1.1
'J
11.6
1.0
59.'t
hh.z
52.2
5-9
7.2
8.9
11.5
68.6
80.0
93-8
97.3
12.1
IU.9
16.7
18.8
109. 1*
1*2.2
16. U
117-7
122.2
133.8
U5.I
U7.8
52.2
17.3
I8.3
19.6
135.7
150.8
152.9
53.6
58.5
20.1*
61.9
63.5
22.2
63.5
63.5
63.6
2^.7
Becember.
.
f.7
63.8
19U2-Jnne
Sac amber.
76.5
111.6
28.7
.
118.6
139.5
161.0
l6g.7
50.1
67.2
71.5
5«.3
59.9
19UU-March
Jane
September..
December.
185.6
201.1
ao9.3
76.2
83.3
6U.0
68.U
70.5
.
230. U
87.1
96.5
19U5-MarCh
June.*
September.
233.1
256.8
260.2
105.9
107.3
19U3-MBrch
Jima
September.
Doc amber.
.
'•7.3
97.'<
77-7
77.7
8U.1
9i.O
19.7
21.8
23.3
6U.3
3l*.7
263.1.
109.7
86.
11>«.8
90.6
23.5
2U.3
153.7
276.2
112.3
92.6
93.2
89.7
23-3
22.9
22.6
162.1
.
278.0
278.5
275-3
115.9
Fsbmary.
273.2
272.0
112.0
110.6
107.9
89-3
87-7
8U.1
22.7
161.2
161.U
160.7
63.1
19U6-Janunr7
Karch
April
May
Jnna
U6.1
229
23.
161.1*
162. 1*
163.0
.1*
7.1
7.6
•
5
8.5
9.5
10.6
12.2
.9
15.5
20.7
20.0
1.0
1.5
2.0
2.1
23.3
25.8
2.6
3.2
18.1
19.1
20.6
21.7
12.1
13.1
W.3
15.8
16.9
2lt.U
27.6
21*.
9.8
10.7
27.5
29-3
5.5
6.5
26.8
27.0
10.9
11.1
11.2
28.6
28.3
25.0
28.
6.7
6.7
6.7
27.7
28.0
28.2
25.0
25.2
25.3
11.3
11.3
11.5
26.8
26.6
25.6
i.l
6.5
28.3
28.5
29.1
11.6
11.7
11.7
25.1
11.7
11.7
21*.
267."»
106.1*
105.2
103.6
2&.0
161.0
161.5
161.0
62.9
62.9
62.7
25.U
266.7
26U.6
82.8
81.2
79.5
23.6
September.
October
Hovember p.
262.8
261.3
102.0
78. 1»
76.5
160.8
160.9
62.8
63.1
25.'*
100.
23.5
23.9
^
y
6.5
22.9
July
1/
.k
i*.U
Au^st
p
trust funds
5.5
5.5
2l*.8
62. S
s.
GoTemment
a^nclee and
25.8
29-9
28.8
2U.1*
63.0
6.8
7.3
7.7
8.3
:l
tJ.
10.0
22.7
22.5
59.1*
.
.
6.1
37.1
2.6
3-2
U.6
5-3
26.5
30.3
.
Hovember.
December
State and
local
government e 6/
25-."*
25.'*
25-3
11
26.6
29-7
30.1
6.1*
6.1*
21*.
6.3
30.1*
6.3
6.2
30.1*
30.6
sions. Izcludes securities held in truat departments.
Includes partnerships and personal trust accounts.
Includes savings and loan associations, dealers and brokers, and
investments of foreign balances in this country.
Compriaes trust, sinking, and investment funds of State and local govenusents and their a^ncles, and territories and insular possessions.
Preliminary.
United States saTin^ bonds, Series A-D, E and T are included at
current redemption values.
Quaranteed securities held bj the Treasury are excluded,
Consists of commercial banka, trust companies, and stock savia^
banka in the United States and in territories and insular posses-
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
^
(In llllons of dollars)
Het market purchases or s«aes (-)
Jan.
1938.
1939.
ism.
191*1.
191*2.
191*3
•
19U1*.
191*5.
191*6.
Teb.
-12.0
1.6
-9.5
-20.9
-2.8
-.5
-IU.5
12.0
30.0
-90.3
-9.9
-67.5
-8.1
-105.1
-3.0
.1
-1*8.1
-.7
Mar.
IfT.
May
23.3
-12.5
-5.7
2.5
-37.1
-1.6
-uo!*
5.S
-72.9
-11.5
-5.9
-16.5
-55.6
3.3
Less than $50 thousand.
Consists of purchases or sales made by the Treasury. Treasury investment accounts comprise (1) trust funds which by lav are under
the control of the Secretary of the Treasury or of the Treasurer of
the United States, and (2) accounts under the control of certain
June
.8
.u
5.0
.1*
-35.2
.3
-11*5.8
.1*
1.2
3.0
Aug.
-3.9
3.3
.9
-.2
-10.0
-3U.U
July
20.5
-56.4
-69.8
-2.3
-8.1*
-67.
-I5.S
-IS.5
-17.0
-157.8
-19.0
-.2
-1*1.2
Sept.
38.5
71.9
-.3
-t.5
-2.7
-28.1
-12.5
-7H.I
Oct.
1.0
-1.2
-It.'*
Hov.
6.5
-2.8
-.3
-.2
-1.0
-3.2
-1.1
60.0
-5.0
1*.8
-5.9
-12.0
-57.6
-20.3
.3
-123.0
U. S. Qovernment agencies whose Investments are handled through the
facilities of the Treasury Department, This table also includes
purchases under Section 19 of the Second Liberty Bond Act. as
amended, and excludes the Sxohange Stabilization Fund.
February 1947
ks
Treasury Survey of Oivnership of Securities Issued by the United States
Government and by Federal Agencies November 30, 1946
,
The tables In Section I present summary data as of
Novenber 30, l')k6 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
Section
I
-
amount of such securities owned by all banks and
Insurance companies In the United States.
Section II presents summary data on the ownership
of Federal Land Bank bonds. Federal Intermediate Credit
Bank debentures and Federal Home Loan Bank bonds.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary: All Interest-I3earlng Securities
(In millions of dollars)
Classification
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies. ^k)veInber 30, 1946 - (Clontinuedl
Section
I
-
Securities Issued or Guaranteed by the United States Government - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
-
(Continued)
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AND BY TAX 8TATUS-( Continued)
Held by Inveatora eoTerod In Traaaury Sxuryey
Banka 1/
Total
aaount
outstanding
Classlf Icatioa
7,3^8
conoarclal
banks
2/
Percentage distribution
Typet of eecorlty
Saoorltles Issaad fay Onlted States
freasury bl 11a
Certificates of Indebtedneas
Treaeory notsa
Treasory bonda - bank restricted
Treasury bonda - bank eligible
Postal aarln^ and other bonda
Ooaranteed by United Statea
"by
Insurance companlfls
3^
stock
BIUtUAl
aaTings
banks
aaTlags
banks
309
life
Insurance
companies
6U3 fire,
casualty,
and marine
Insurance
companies
All 0,
S.
Oovernment
agencies and
trust funds,
and federal
Reserve
Banks
cl&ssaa of securities
:
9.»*
^
zr.5
38.6
U9.7
.1
17.1
1°
12.1
1.9
67.7
6.3
>t2.8
U;.6
1.8
2.3
68.9
26.9
l.U
2.2
77.8
18.6
6.3
6.1
39.2
16.2
Us. It
6.8
.1
2ll.lt
2.8
.1
^
Total
0411 clasaee:
Cae or first beconlnc callable
Within 1 year
1 to 5 yeara
^ to 10 years
10 to 13 years
15 to 20 years
Over 20 years
Tarlona (Tederal Houainc MalDlatratlOB
debeatores)
u.o
26.9
lto.3
l6.0
6.?
11 .«
12.1*
25.8
.2
26.1
17.7
15.0
3.7
llt.7
31
3.8
8.9
17.8
21.5
3.6
6.ii
10.6
2lt.6
23.
29.0
9-1
12.9
76.1
1.0
9.1
7.1
,
Total
100.0
Tax atatua: 6/
Wholly exempt from Federal inoom* taxae
Partially exempt from Tederal l&coae taxes j/
Subject to Tedsral Income taies j/
Total
100.0
.1
10.0
89.9
.1
18.8
81.1
19.3
80.
100.0
.6
.7
99.H
99-3
21.1
78.9
100.0
Percental dlatrl button
Typaa of eonrlty
Sacurltias iaaued by United Statea
Treaeory bllla
Certificates of Indebtedneas
Treasury notes
Treasury bonds - bank restricted
Treasury bonda - bank ell^ble
Postal BaTin£8 and other bonds
Guaranteed by United States 5/.
11.3
22.2
21.5
22.9
^
"».3
95.6
100.0
groupa of InTeators
;
^
Total
Call elaases
I^e or first beeonln^ callable
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Over 20 years
Various (Federal Housing Administration
debentures)
100.0
100.0
100.0
100.0
100.0
100.0
100.0
5.0
38.7
62.3
2.7
67.0
S.k
26.8
100.0
38.3
100.0
100.0
100.0
100.0
100.0
100.0
32.1
U.5
100.0
26.8
88.
.1
.2
.7
2.0
.6
3 5
1.3
2-3
2.0
33-5
5.7
.It
2U.2
6.U
9-9
.3
.3
7.6
28.2
1.7
2.9
20.1
20.6
6.lt
11.9
1.6
16.8
.6
.3
•
2.6
1.0
:
Total
Tajc
status
S/
Wholly exempt from Federal income taxes
Partially exempt from Tederal income taxes j/,
Subject to Federal income taxes J/
.1
.8
.2
.3
2.6
7.1
22.0
13-3
12.0
7.9
9.3
15.7
27-7
1-7
2.2
5.9
1.2
1.7
39.8
3.U
2.5
2.8
12.9
9-5
2.6
.It
19.0
.8
.6
.3
7.6
28.2
1-7
20.6
38.3
6.U
11.9
1.6
16.8
g.U
71.9
3U.6
.3
.1|
.8
7.0
13.1
3."
l.U
20.1
7-1
17.8
38-3
6. It
11.0
1.6
16.8
:
Total
100.0
100.0
100.0
(Continued on folloving page)
3
Februanf 1947
51
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, Ntovember 30, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2,- Public Marketable Interest-Bearing Securities
PART B
-
ssue
(Tax status 6/ Is shown In parentheses)
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH 16S\m OUTSTANDINtt
(Par Talues - In millions of dollars)
I
-
-
Treasury Balletin
52
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, November 30, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
-
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDING-! Continued)
(Par Talues - In llllons of dollare)
Held by Invastors coTered la Treasury Surrey
Banks 1/
1
srue
status 6/ Is Bhowo Id parenthaBoa)
(Tajt
Total
aaount
outBtandlQg
T.'i^
coomerclal
banks
i/
Treasury Poods- ( eon tlnuedj
Baflk ellglbls-CcontlnaedJ
""
Decanbsr
2?
1 9^8-50.. .(partially)
June
2)1
19^9-51
(taxable)
September
19^9-51
(taxable)
2i(
U59
782
1.035
509
vutual
Bariogs
baoka
fltock
savings
banks
1
2
66
2
35
5
55
U
1
1.963
l.5'*8
't.939
2-1/2*
3.367
1,028
l-l/2f
Z-}/k%
Zt
Ceceaber
June
Septeaber
1950
(tajable)
2,635
1,6Z7
7.986
1.676
1.25U
(taxable)
3)(
1951-55. -(partially)
(taxable)
1951-55
1951-53. -.(partially)
755
510
1.118
Ull
>i
Z-l/Ujt
Septeaber
Deceaber
Deceaber
382
919
10
2
23
5
2-1/2^
2^
2^
March
June
Deceaber
1952-5't
1952-5''
1952-5'»
(taxable)
(taxable)
(taxable)
l,02>t
195
239
501
582
2-l/'t)l
Juno
June
June
(taxable)
1952-55
1953-55- --(partially)
1951*- 56-.. (partially)
1,501
725
681
957
162
61*5
1
March
March
Septeaber
1955-60... (partially)
(taxable)
1956-58
1956-59- -(partially)
2,6ll
l,'t98
1.11U9
776
982
727
Septeaber
June
Deceaber
Septeaber
(taxable)
1956-59
1958-63... (partially)
i960- 65... (partially)
1967-72
(taxable)
3.823
919
1,U85
2.716
2>
2-1 /UJ
2-7/8*
2-1/2*
2-3/'t*
2-l/'»)t
2-3/UJb
2-3/1**
2-1/2*
1951-51*... (partially)
1951-53
Total bank eligible.
Postal seTlngs and other bonds
Postal Bavlngs bonds
Panaaa Canal bonds
Conversion bonds
119,323
(wholly)
(wholly)
(wholly)
Total postal ssTlngs and other bonda.
Gosraoteed eecurlties 57
federal Uoueiog Administration debentures 8/
J( partially)
(taxable)
Total guaranteed eecurlties.
Total public marketable securities.
5.825
8.662
69,686
Total Treaeury bonds.
U^/
1
5
3
37
223
5
8
70
178
25
72
1*6
2
7
157
327
2
1*2
90
3
9
23
6
1
"K)
1H5
35'*
5't8
135
111
31
71
7
27
9
98
38
lit
55
38"*
88
137
10
133
21*
67
2
21*
ll*
l
1
32
27
32
7
15
78
9
16
77
3I.9
12
2
7
1.9
192
U9
60
18
12
9
SUo
1,777
1
51
733
52
35
232
132
52
92
22
129
1,07'*
3.08U
3,971
l,l*oU
2,0ll7
10,983
20,601
2.51*1
6.952
2.902
30.26U
5.1tU2
576
U,12«
5.650
789
660
19
20
23
5
6
16,719
1*8,
0U3
116
50
13
lit
179
15
1)26
3
25
7
l»3
50
igu
1
7
13
38
13
1*5
180.372
11
3
69.OU7
The Treasury Survey commenced with data for March 31> 19'*! And
has been published regularly In the "Treasury Bulletin" since May
I9U1.
Bevlslons of d£ta for September }0, 19UU appeared In the
February I9U5 issue, page 53; reclassification of data on benks for
the period Movember I9U3 through February I9UU appeared in the Hey
l^UU lesue, pages 5^-57; revisions of data on Insurance companies
for May 3I I9U3 and prior months appeared In the Jfovember I9U3
Issue, pages ^2-b},
Less than S^OO thousand or less than ,0^%.
Securities held In trust departments are excluded.
Includes trust companies.
This column Includes securities held by those banks and Insurance
companies which are not covered in the Treasury Survey.
See head*
note to this section.
Issues which commercial banks may not acquire prior to a specified
U.U59
US2
5/
6/
,
2/
ItO
1.786
2^
1/
22
16
(taxable)
1950-52
(taxable)
1950-52
1950-52... (partially)
1,186
Ml
128
March
Septeaber
Septeaber
1
All U. S.
Government
agencies and
trust funds,
and federal
Reserve
Banks
9
1.577
368
1.309
2)t
^/
12
2,098
U91
6U^ fire,
casualty,
and marine
insurance
companies
52
83
19'*5-51
(taxable)
19U9-52... (partially)
ISltS-SS--- (partially)
3-1 'H
2-l/2?t
*
llf»
iDBurance
coapanies
December
December
December
2%
Kote:
571
l.OlU
1.292
Insurance companies
3'*
2/
8/
21.381
See footnote 2. page 21.
date (with minor exceptions).
Guaranteed Sf:curities held by the Treasury arc not Included.
Federal securities fall into three broad groups with respect to
Isipositlon of federal Income taxes on income derived therefrom.
"Vholly" tax-exempt 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 taxsxempt Treasury and savings boode, interest derived from $^ thousand of principal amount owned by any one holder Is also exempt
"Taxable" securities are subject to both
from the surtax ratesnormal and surtax ratee.
Includes an estimated amount of federal Housing Administration
debentures.
Actual figures by tax status are available only for total amount
outstanding.
February 1947
53
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, November 30, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued!
Table 3,- Public Non-Marketable Interest-Bearing Securities
(Par Taluea - in nllllons of dollara)
Held by Investors covored In Treasury SurTqr
Banks 2/
Issue
Total
aaount
oatetandlng
(Tax status ij Is shovn In par«nthe»es)
7, 3^*8
conunerclal
banks
i/
United States savings bonds
Scrl ee B-D
(6/)
(taxable)
(taxable)
itaxable)
Total United States savlnge bonds.
Treasury savings notes
Depositary bonds
Araed Forces Leave bonds
(taxable)
(taxable)
(taxable
Guaranteed securities j/
Commodity Credit Corporation demand obligations
(taxable)
Total public non-marketable securities.
1/
g^
^
5U0
mutual
saviors
banks
309
Ufa
Insurance
companies
6U3 fire,
casualty,
and marine
Insiirance
companies
All U.
S.
Government
agencies and
trust funds,
and Federal
Reserve
Banks
Held by
all other
Investors
^
Series E
SerleE F
Series
~'
stock
saTlogs
banks
Insurance companies
172
3,263
30,233
2,952
13,262
222
k^8
231
t9,709
871
2115
5,978
92
319
3'»5
317
56.660
-
iBsue
11*
'tg,2i;9
1
5,855
26
311
5/
1.282
11
V
y
6/
.iiil.
120
209
-35-
sU.irti
This colcmm Includes securities held by those banks and Insurance
companies vhlch are not covered in the Treamry Survey.
See headcote to this section.
United States savings bonds, Series B-D, !, and F are shovn at current redemption values.
They were reported at maturity value by the
banks and insurance companies covered in the Treasury Survey but have
been adjusted to current redemption values for use In this statement.
Series B-D savings bonds sold prior to March 1, I9U1 are partially
tax-exempt; those sold on and after that date are taxable.
Guaranteed securities held by the Treasury are not Included.
C.C.C. demand obligations in the amount of $317 million held by
all consaerclal banks are shown only in total amount cratstandlng.
Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par values - in millions of dollars)
(Tax status 1/ is shown in parentheses)
25
171
311
Less than $500 thousand.
Federal securities fall Into three broad groups with respect to Imposition of Federal income taxes on Income derived therefrom.
"Vholly" tax-exempt securities are exempt from both the normal and
"Partially" tax-exempt securities are exempt frcn
surtax rates.
the normal rates except that in the case of partially tax-exempt
Treasury and savings bonds. Interest derived from $5 thousand of
principal amoont owned by any one bolder is also exempt from the
surtax rates.
"Taxable" securities are subject to both normal and
surtax rates.
Securities held In trust departments are excluded.
Includes trust companies.
Section II
12
3,075
30,232
2,680
12,263
1
15
101
Treasury Bulletin
^k
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
February 1947
55
Over-the-Counter Closing umotations on moiic MarKetaDle securities Issued by the
United States Government and by Federal Agencies
December 31, 1946
Table I.- Securities Issued or Guaranteed by the United States Government i/
PART A
AjnoUBt
out•taDdln«
(Mllll0D>)
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
Treasury Bulletin
56
Over-the-Omoiter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
December 31, 1946 - (Continued)
Table
I
-
Securities Issued or Guaranteed by the Uiited States Government
PART B
AaoTuit
•tftndlBC
(MlUlols)
-
TAXABLE TREASURY BILLS
I/-
(Conttnued)
February 1947
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
December 31, 1946
-
(Continued)
Table II - Securities Issued by Federal Agencies but not Guaranteed by the United States
iaonilt
«ut•tandlne
(MUllsca)
Treasury Bulletin
5s
YIELDS OF TREASURY SECURITIES
3U946
DEC.
Based on Mean of Closing Bid and Asked Quotations
•48
'50
52
56
'54
60
58
64
62
66
TO
68
PERCE^
I
I
I
I
\
I
I
I
I
I
I
I
I
I
I
[~^^
I
2.60
2.40
2^0
2X)0
i.eo
1.60
1.40
1.20
1.00
.60
.60
.40
.20
2.20
2.00
1.80
1.60
1.40
1.20
1.00
.60
j60
.40
20
February 1947
59
Average Yields of Long-Tern Treasury and Corporate Bonds
(Pireaat p«r
^•ptlaHjr
i
Bi^t-
PartUllT
corporat*
Traaaoix
)
Partlallj
Tuabla
CTftdtt
Tr—maxj
bonds 1/
V>iidi 2/
Nostl)l7
2.69
2.68
2.67
1JJ8-JM1.
Mar..
ttagr..
<7ana<
tatSapt.
3.17
19l»l-Jaa.
Tab..
Mar..
ipr..
May-.
2.66
2.56
2.5«
3.15
Am».
2.5»
2.57
2.63
3.12
3.10
3.12
J11I7.
3.06
Oet..
Idt..
Bao..
'a
tag.-
s^t.
Oot..
«0T..
D«i..
2.^
3.02
1939-Jall..
2.5l»
Mar..
2.51
2.U3
2.96
2.90
2.87
2.3*
2.27
2.22
2.92
2.86
2.78
ipr..
2.23
2.27
Sapt.
2.67
2.76
2.79
3.29
Jaly.
ins.
Out..
2.60
OT..
2.1l6
Sv:..
2.35
3.IU
2.93
2.86
3.0'»
^..
*u..
Jma.
Any.
2.81
2.79
2.77
MTloi
Tr«a«ar7
eorpormti
toad*
y
2.12
2.22
2.12
2.57
2.71
2-73
19>)>Maa..
2.07
2.0U
2.01
2.76
2.75
2.70
ipr..
1.96
2.01
2.02
1.9«
2.^
1.62
1.56
2.35
2.33
2.33
2.51*
19l)6.^aa..
I»b..
2.21
2.12
2.09
2.DJ
2.36
2.35
2.68
2.65
2.6j
ipr..
May..
Judo.
2.08
2.19
2.16
2.1)2
2.58
2.57
2.59
JlO/...
Sapt...
2.18
2.23
2.28
2.50
Oct
2.26
«.5l
(OT
Saa....
2.12
2.09
2.10
2.13
2.U5
2.U7
2.U9
2.72
2.71
2.72
Oct..
•
2.U
2.l|£
Tab..
Mar..
2.11
2.12
2.1)6
2.1)8
Oct..
1.90
2.1)8
1.9>t
2.1)8
1.95
Wealclj aerlaa -
l9U6-s«pt. 6.
2.U1
1320.
27-
2.1)2
2.U2
Oct.
5.
11.
Tab..
Mar..
M«j^..
2168
2. TO
2.l«
2.60
2.61
2.63
2.19
Satord^ flgoraa
19))5-JaB.
^..
zM
2I65
2.59
2.46
1.63
1.68
1.68
Oct..
fcT.
Dac..
me..
2.25
2.39
2-39
2-35
tag..
Sapt.
2.
2.:12
2.1*1)
2!m0
1.68
1.68
1.63
2.73
2.73
1.91
1.92
1.90
2.21)
LTD
2.7!)
1.91
23.
30,
2.1)1)
2.>l6
Joly.
lac..
Sapt.
2.t)U
1.81
1.75
2.OU
2.06
2.08
2.85
2.80
2.71
i.^
2.55
2.U.
2.59
Sapt.
2.30
2.J1
2.25
il:
2.»
2.1)8
Ana.
JUy.
19"»3-J">.
2.61
2.58
2.58
1-93
1.90
1.87
2.75
.
2.D9
2.59
2.57
2.U3
2.'*5
2.23
2.22
2.23
Ost..
2.1)8
2.>f7
2.1(5
2.1)6
2.
2.61
2.65
2.>«
2.1)8
2.0li
l!96
26,
1.89
1.90
1.93
2.1)9
8«t.
iac-.
2.1tl»
ipr..
*I7..
(Ana.
tag.
Jnljr.
2.61)
2.07
2.06
2.7U
2.87
2.93
2.11)
2.66
2.65
2.80
2.80
2.ll«
2!%
2.17
2.19
2.21
2.1)9
2.10
Tab..
Mar..
2.26
5
1.91
2.76
JdB*.
12
19
Jnna.
2.1)8
Jpr..
19l)6-*ay
1.9*
1.90
2.1)8
Migr..
2.10
2.17
2.10
19>t2-;an.
2.26
2.09
2.01
2.I19
Nar..
Dao..
Mar..
2.a
1-95
1-93
l.Sl
2I0I
2.30
Ost..
lar..
Sao..
2/
Tuable
TT«ajnr7 graa«
boad« 1/ OOTpOT»t«
bonds 2/
^
19110-JaB.
IMi..
Sapt.
^ada
Tra*«aT7
1»b4« 1/
Wn..
Dae..
iBO*t.
2.1)8
2.1)8
2.36
2.37
2vl)9
2.26
2.27
2.26
2.26
2.1)9
l9l)6-loT.
2.1*9
i.^
2.52
2.51
2.51
2,
9
16
23
30
Dbc.
7
ll*
21
28
2.D9
2.56
^•?
2.51)
2.1)1
2.1)1)
241
^
2.27
2.29
2.30
2.28
2.58
2.56
2.51
2.2J
2,55
Jt/
Treasury Bulletin
60
<
.8
rted
CO
Q
Z
o
m
UJ
<
a:
o
Qoc
o
o
ID
<
"^
liJ
II
z
o
o
-J
LlJ
>-
UJ
<
UJ
5
1.0
1.2
1.4
1.6
1.8
2.0
2.2
2.4
2.6
2.8
3.0
3.2
3.4
3.6
3.8
an
61
Rbruary 1947
CORPORATIONS
OF
THE
CERTAIN OTHER AGENCIES
UNITED STATES GOVERNMENT
AND
Treasury Bulletin
62
Coriwratlons and Certain Other Agencies of the United States Government
Section
II
Income and Expense for the Three Months Ended September 30, 1946
-
Table 1.- Summary
(la thoutandi of dollare)
Corporati ooa
Operating lacome and expense
Operating Incope
Interest on loans
Interest or dividends on inve^taents.
Guaranty and Insurance premiums
Sales of couDodltles or serrlces
Heats end royalties
Other Interest and rental Income
PreiDlujns.
53.290
38.S09
52.57t
693.569
30.655
1,170
799
272,567
3.7S9
fees, and afisessaiente
Program operations Incoae
Miscellaneous
111.059
11.100
Ua,
8iiit
693.558
3.130
1.031*
799
270,723
195
Total operating expense.
operating Income tor lossj]-]).
Hop-operating income (or lossQ- ])
Direct grants, subsidies, and contributions
Loans receivable charged off
Gain (or lossQ-l ) on acquired security or collateral.
Gain (or lossf^-^ ) on sale of miscellaneous assets....
Miscellaneous assets charged off (net)
Miscellaneous
Net non-operating income (or loss
Wet income (or loss [^-]
)
[_-
J
)
before adjustment of valuation reserves.
Adjustment of valuation reserves
fieserve for losses on loans.
fieBtrve for losses on acquired security or collateral
Uther reserves
toet
•
adjustment of valuation .reserves
Net Incoae (or loss
C~J^
Analysis of unre served earned surplus (or deficit^- J)
Unreserved earned surplus (or def iclt [_- J ) June .50, 19**^
Net income (or lossf^-H) 'or the three months ended Sept. 30,
Surplus adjustments
Unreserved earned surplus (or deficit
[I-
J
i
,
Sept. 30. l<)Ub
-17.772
-2,836
-6l2
-7,063
-?6.150
-8.978
-13.658
-l;130
232
-3'. 25"
-200
-7.978
-63,1*10
-25.988
-8,858
5U.012
2.13''
1.373
1.932
-1.052
-913
3.013
561
-5.8U5
5". 573
-17.716,086 r
.
101
-6,905.99'' r
5''.573
19^*6
11
27.526
136
3.59'*
Operating expense
interest on borrowed funds
liuaranty and insurance losses
Cost of sales
General overhead expense
Depreciation and obsolescence
Program operatioas expease
Haintenance and operation of properties.
Mlscellanaoue
Nel
12.232
27.109
9.730
1.81*1*
1.11*6,621
Total operating lacome.
Csrtaln
other
•genciei
-15U.U7U
-126,361
-17.g76.U0i1
-6,977.782
Ihbriianf
63
1947
Corporations and Certain Other Agencies of the United States Government
Section
II -
(Continued)
-
Income and Exx>ense for the Three Months Ended September 30, 1946
-
(Continued)
Table 2«- Corporations
(In thousande of dollars)
Executive
Office of
the President
Department of Agrlcult\ire
(continued on follovio^ page)
Office for
Imergency
Management
Farm Credit AdmlnlBtration
(continued on follovin^ page)
CommodltT'
Credit
Corporation
Smaller War
Plants
Corporation
(in liquidatlon)
Operating Income and eipenae
Operating income
Intereet on loans
Interest or dlTldenda on InveBtmenta
Guaranty and Insurance premiums
Sales of commodities or services
Rents and royalties
Other Interest and rental Income
?/
1,059
1,321*
693,558
3,130
586, U57
1,0311
'*37
l,8l«
605
Ml flcellaneous
3,59'»
798,960
73
33,055
10,633
1,679
551, 25^*
General everhead expense
Depreciation and obsolesoence
Program operations expense
ZL,g68
669
8,U56
658
Net operating Income (or lose
-
Gain (or lossE - ] ) on sale of miscellaneous
assets
Miscellaneous assets charged off (net)
Miscellaneous
Bet non-operating Income (or lose [- 1
)
Het Ineoae (or lose [- ]) before adjustment of
Taluatlon reserves
10,386
776
1*31
1,581*
11,209
1*31
3,221
3,1*17
388
1,22H
6,638
388
360
'*,571
1*3
31*3
1*00
55i»,620
1*16
3U,202
853
1,029
lU
1»,658
] )
Non-operating Income (or loss C - 3 )
IHrect grante, subsidies, and contrlbutlona.
Loans receivatle charged off
Gain (or loseC - ] ) on accpilred security or
collateral
y
UlO
718,960
[
260
Production
credit
corporations
1*7
1,269
639, ai
Total operating expense
l,32lt
Federal
land
banks
lU
588,823
Operating expenae
Interest on borrowed funds
Quaranty end Insurance losses
Cost of sales
Maintenance and operation of properties..
Miscellaneous
999
253
11,100
Federal
interaediate
credit banks
U2,8l»4
Premiums^ fees, and assessments
Program operations Income
Total operating Income
Banks
for
cooperatiTea
1,265
-820
-13,65*
-1,130
1
203
?32
33
170
-15
-3,31"*
33
380
30,888
885
-3,25^
-200
-7,978
-3.758
-1
-25,988
5lt,012
21
363
U.952
31*
MJnstient of valuation reserves
Reserve for losses on loansTT
Beeerra for losses on acquired security or
collateral
Other reserves
Net adjustment of valuation reserves
Net Income
(
or lose
[-3)
Analysis At ^mr'^served earned surplus (or
deficit [- J)
Unreserved earned surplus (or deficit L-J ),
June 30, 19U6
Net Income (or loss C-3 ) for three months
ended Sept. 30, 19^6
Surplus adJustoentB
Unreserved earned surplus (or deficit C-D ),
Sept. 30,
191*6
5,Uil*
1,373
-2
101
-913
-2,568
561
-2,568
5^,573
28,320
-6,905,99'* r
-126,361
-6,977,782
28,320
131^^
-36,936
-2,121,515
_L
Bote:
See page 74 for footnotes.
y
2,lU9,g36 r
-37,070 r
5^1,573
(Continued on follovlng page)
61*
1
33
5
5,512
890
368
10,1*63
36
30,036
23,286
83,911
15,558
890
-50
368
10,1*63
36
30,876
23,651*
-18l<
91*,
190
15,595
Treasury Bulletin
6k
Corporations and Certain Other Agencies of the United States Government
-
(Continued)
Section II - Income and Expense for the Three Months Ended September 30, 1946 - (Continued)
Table 2.- Corporations - (Continued)
/februarj,
65
t947
Corporatlone and CertaHi Other Agencies of fh« United Statea Government
Section
II -
-
Inccne and Expense for the 'Riree Mcmths E^dsd September 30, 1946
Table 2.- Ciorporatlons
-
(Continued)
(Continued)
-
(Oontiraied)
Treasury Bulletin
66
Corporations and Certain Other Agencies of the United States Government
Section
II - Income
-
(Continued)
and Expense for the Three Months Ended September 30, 1046 - (Continued)
Table 2.- Corporations
-
(In thouaands of dollare)
(Continued)
67
February 1947
Corporations and Certain Other Agencies of the United States Government
Section II
-
-
Income and Expense for the Three Months Eiided September 30, 1946
Table 3.- Certain Other Agencies
(
In thousands of dollars
(Continued)
-
(Continued)
Treasury BaUetin
68
Corporations and Certain Other Agenciee of the United States Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Three Months Ended September 30, 1946
Table 1.- Summary
do
thouaands of dollaraj
Corporations
Sourcea of fimdB
^orrowioge:
From U S Treasury
From GoTernfflaDt corporations and agecclea
Fro« public
.
.
Total borrowings
Capital and surplus subscriptions:
By U. S. Treasury
By Oovernsient corporations and agencies
By public
.'
Total capital and surplus subecriptlons
Appropriations (net ezpenditures)
Sale or collection of Investmect?:
Public dett o&lleatlons of United States
Securities of GoTernneDt corporations and agencies
Other securities
Total sale or cellectlott of iDvestaents
Rep s/BsB ts on loans
Sale of acquired security or collateral
Decrease in working capital and deferred Iteas
Funds provided by profit on operations
Other sources
Total funds provided
Application of funds
Bepaymeot of borrowings:
To U. S. Treasury
To &cvernBent corporations and agencies
To public
Total repayoiant of borrowings
318,000
120. UU6
Total repayment of paid-in capital
Purchase of investnents:
Public debt obligations of United States
Securities of Government corporations and agencies
Other securities
112,966
77. "82
889
392
725.855
77.87"
36'',
803.729
''57
30I1
1.121. "57
30"
8.755
8.755
1.130.515
1.130.515
-288. b99
10.17''
-298.873
63.UU3
63. "33
10
11.085
10.823
262
7't.528
7". 256
273
3''. ''57
7"0,811
10, "9"
128,132
9",l6U
7.8"3
U,129.U13
2,922,2"5
1,269.026 1/
1.269.026 ly
37.962
28b. 180
".158
1.593.166
".159
6,897
6.526
371
6,737
6.737
13.63"
13.263
371
'•67
117. "67
1".000
632
632
2.056.532 i/
15. "63
162. 803
lljO.OgM
'12.120
286,181
1.597,327
Bepaynent of paid-in capital:
To U. S- Treasury
io (iovernfflent corporations and agencies
To public
318.000
365.281
1.121.
Certain
other
agencies
131,
1,315.721 i/
".969
3". 671
"5.920
26,61"
1,207.168
1
1
1
132.101
118.100
i",ooo
Loans Bade
Acquisition and laprovement of acquired security or collateral.
Acquisition and iDproveDent of land, structures, and equipnent.
Increase In working capital and deferred Items
funds applied to loss on operations
Other applications
l.bl5.5U2
3.730
163.232
825.986
955
6, "2"
259.759
33.695
70,895
789.556
2.775
109.073
119. 2"6
75,651
92.337
Total funds, applied
"•,129. 'tis
2,922,2"5
1,207,168
-5.8U5
7.138
30,Uo9
".095
5". 573
3.8fa9
-60, "17
Total purchase of Investsents
Adjustseots of net income (or loss [ -J
'et income (or loss f -3)
Depreciation and obsi>ie.icaDce
Assets charged off
Capital galn8^-3and losses
Adjustments of valuation reserves
Other adjustments.
See pa£e 7^ for footnotes.
109. 3''6
)
Funds provided by profit on operations
Funds applied tc loss on operations
Aote:
115. ''97
379.005
-7, ''00
2.3''l
11)0,08''
109,3'*6
2.533
-315
-".982
3.269
27.876
"."10
-2. "18
792
-2. "51
9".i6U
33.695
"5.920
75.651
1«.
Februani 1947
69
Corporations and Certain Other Agencies of the United States Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Three Months Ended September 30, 1946
Table 2.- Corporations
-
(Continued!
Treasury Bulletin
70
Corporations and Certain Other Agencies of the United States Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Three Months Ended September 30, 1946
Table 2.- Corporations
(
-
In thoufiande of dollars
(Continued)
-
(Continued)
71
Febrnary 1947
Corporations and Certain Other Agencies of the United States Government
Section III
-
-
(Continued)
Sources and Application of F»inds for the Three Ntonths Ended September 30, 1946
Table 2,- Corporations
-
-
(Continued)
(Continued)
(la thouiaad* of doXlars)
War
Departs en
Federal Loan Ageno/
fiecoDitructloD riaanee Corporation and cortaln affiliate*
United
States
Spruce
Production
Corporation
(in liqaidatloa)
KzportImport
Bank of
Washington
Federal
DepoBl
iDBuranca
Corporation
Becon•tructlOD
finance
Corporation
Federal
Bational
Mortgage
Association
The SFC
Other
Mortgage
Coapany
10/
So urc«6 of fondt
BorrowlDgt:
FroB U. S. Treatury
TroB Governnent corporatloQS and •gfloclea.
Pros public
109.000
109.000
Total borrowings.
175
33.859
175
33.859
Capital and surplus sabtcrlptioas:
By U. S, Treasury
By GoveroJieat corporfttio&a aad a^eDclae.
By public
Total capital and surplua subscriptions.
Appropriations (aat expenditures)
Sale or collection of InvestBents:
Public debt obligatloas of United States..
Securities of GoverameDt corporations and
agencies
Other securities
16
7.8W
Total sale or collection of InTeataents.
^epayvents on Iosas...-.
Sale of acquired security or collateral
Decreaae In worlclng capital and deferred Itemt.
PuTi'iB provided by profit on operations
Other sources
7,8>I8
lb
S.bjk
Ib.Ugl
S.Ull
.
Total funds provided.
U/
l.bgg
2.528
1«.3''5
203,586
6,630
76.761
32,200
"75
2.165
7
12>t
I2U
539
U82
2.987
35.307
2.21't
29.922
2.21'<
29.922
"5
355
1.323
l6
230,526
5U.761
Application of funds
Repaynent of borrowings:
To U. S. Treasury
To Govemoent corporations and agencies.
To public
Total repayment of borrowings
405, lUS
U29
USO
185.026 1/
185. 026
ftepaysent of paid-in capital:
To U. S. Treasury
io Govemnent corporations and agencies.
To public.
Xotal repayment of paid-in capital.
Purchase of InveEtments:
Public dtbt obllgetlons of United States..
Securities of Governsient corporations and
agencies
Other eecurltles
'iotel
632
Total funds applied.
AdJuBtaenta of net Income (or loasC-3)
Net income (or loss C -3 )
Depreciation and obsolescence
Assets charged off
Capital gains^-Jand losses
AdJuBlments of Tsluetion reeerTes
Other adjuetments
Funds provided by profit on operations.
Funde applied to loss on operations...See page
7**
for footnotes.
632
5U.OOO
purchase of lovestaenta.
Loans nade
Acquisition and improveaient of acquired security
or collateral
Acquisition and loproveiDcnt of land, structures.
and equipnent
Increase In working capital and deferred items...
Funds applied to lose on operations
Other applications
Kote:
5U.OOO
312
230.525 11/
128. Uoi
118
22
2U
I.UOU
l6
875
1.591
2.919
t70
lU
2
28,U87
61,807
IW
230.526
5't.7bl
1105,
1.252
32.172
-30,917
2I4
20
t.159
t
S-itli
2.987
35.307
91
33
32
1.722
392
-2.810
3.102
-1.1U3
121*
32,200
28. "187
(Continued on following page)
'182
U80
1.591
Treasury Bulletin
72
Corporations and Certain Other Agencies of the United States Government
-
(Continued)
Section III - Sources and Application of Funds for the Three Months Ended September 30,
Table 2.- Corporations
(
-
(Continued)
In thoiisaads of dollars)
1Q46
-
(Continuedl
Februan) 1947
73
Corporations and Certain Other Agencies of the United Statee Government
Section III
-
-
(Continued)
Sources and Application of Funds for the Three Months Ended September 30, 1946
Table 3,- Certain Other Agencies
(
In thousands of dollare
-
(Continued!
Trcasuni Balletin
7^^
Corporations and Certain Other Agencies of the United States Government
-
(Continued)
Footnotes to Section II
r
*
ly
2/
^
Uy
S/
0/
2/
8/
^
10/
11/
Berlted.
Leee thaa $500.
BepresentB ezceee of expenseB and Lncludei *uzpluB reierrea aa v«ll
as -anreBerred auxplui or deficit. Thle figure differs from that
fthovn In the Aaeete and Liabilities Statement because figures for
Paerto Rlcan Hurricane Belief Loan Section for the quarter ended
September 3O, 19U6, are not available,
Data included in this statement for certain supply operations are
as of July 31, I9U6.
Includes the federal Land Banks of Springfield, Maee., Baltimore, *^'
Columbia, S-C.
loxUsTillo, Xy.^ Hew Orleans, La., St. Louie, Mo.,
Cbaha, lebr., Wichita, lans., Botuten, fax., Berkeley, Calif, and
Spokane, Vaeh. , which hare retired the capital stack and pald-ia
surplus previously held by the United States Oovernmant.
Depreciation charges for the period Included within Tarloua operatise expense accounts.
Includes indirect ^ante, subsidies, and contributions*
Bapresents adjustment by Treasury Department to gX-we effect to net
realliatioD of liquidation of corporation by lUT.C. pursuant to
1.0. 9665 dated December 27, 19U5,
figures are as of August 3I, 19^6, the latest available, and Includa
Warrior Elver Terminal Company, Inc., a wholly owned subsidiary.
Information is not avallabla*
Consists of Institute of Inter-American Affairs, Institute of InterAaeriean Transportation, Inter-American IducatlonaX Foundation, Inc.,
Inter-Aaerioan Havlgatiou Corporation, and Prenc Inradla, Inc.
Represents adninletratlve expeneee paid from Oeneral fund qipropria^
tions.
Includes U. 8. Commercial Company and War Vaa&ge Corporation. By
Aotlon of the Board of Directors of B.f.C, effective as of July 1,
19^, all assets and liabilities of Babber Development Corporation
1 2/
13/
lU/
1,^/
16/
17/
18/
Ig/
were transferred to B.f.C.
figures represent activities under the tJ. S. Bousing Act, as amended.
War housing and other operations of the Authority are reflected In
the olaselflcatlon "Other" In Table 3 of this section.
^e a«t income from power operations has been reduced by the net
outlay for nonrev^nue producing programs such as flood control|
navigation, and experlaental projects.
Consists of Agricultural Marketing Act Bavolving food and bergency
Crop and feed I«ans«
Pursuant to Public Law TJl, approved August lU, 19U6, fcergency Crop
and Feed Loans, fano Security Adminlatratlon, and certain activities
now reported by federal Public Bousing Auttarity, farm Security
Adninistrstlon program, are to be transferred not later than October 3I, 19^, to the faraaro* loM Adalnlstratlon.
Goneiste of Indian Loans and Puerto Bi.''0 Boeonstnictlon Administration*
Information not available for Puerto Bican Hurricane Belief
Lean Sactlon.
Consists of fiuToaa of Comnnuilty faclUtlee and Public Works Administration.
Pursuant to Public Law 1*92, approved July 8, 19^, transferred to
United States Haritiae Commission for purposes of llouidatlon by
December 51 , 19^*6. figures are as of August 3I, 19^6, with exception of those of lend-lease and UKKBA activities.
Consists of federal Public Bousing Authority - Homes conversion
program, fam Security Administration program. Public war housing
program, and Veterans' housing program; Federal Security Agency loGLns to stxidents; Havy Department - Ouaranteed loans (World War II)
and sale of surplus si^pplies (World War I); Treasury Department miscellaneous loans and certain other aeeetsi War Department •
guaranteed loans (World War II).
Footnotes to Section III
*
1/
2/
^
U/
5/
6/
JJ
Sj
^
10/
11/
Loss than $500.
Includes repayment by cancellation of notes of B.f.C. - $26 thousand, and C.C.C. - $921,1+57 thouaand.
Statement has been constructed by the Treasury Department to give
effect to liquidation activities by B.f.C. pursuant to B.O, 9665,
dated December 27, 19^5.
Data included in this statement for certain supply operations are
as of July 31 19U6.
Includes the Federal Land Banks of Springfield, Mass., Baltimore,
Kd,, Columbia, S'C.
loulsvllle, ly.. How Orleans, La,, St. Louis,
Mo., Omaha, Nebr., Wichita, lane., Houston, Tex., Berkeley, Calif.,
and Spokane, Wash., which have retired the capital stock and paidin surplus previously held by the Ihiited States Oovemment.
figures are shown net.
figures are as of August 3I, 19^, the latest available and include
Warrior Blver Terminal Company, Inc., a wholly owned subsidiary.
Information is not available.
Consists of Institute of Inter-American Affaire, Institute of InterAmerican Transportation, Inter^American Bdticatlonal Fbundation,
Inc., Inter-American Bavlgatlon Corporation, and Prenclnradlo, Inc.
Represents deposits of excess funds pursuant to Public Law 39I,
approved Hay 27, 19U6.
Includes U. S. Commercial Conrpany and War I^bmage Corporation. 9y
action of the Board of Directors of B.F.C, effective as of July 1,
19^, all assets and liabilltlee of Rubber Development Corporation
were transferred to B.f.C.
Sxcludea transactions in g\iaranteed loans held by lending agencloo.
12/
13/
lU/
15/
16/
12/
figures repressit actirltlos under U. S. Housing Act, as asended.
War housing and other operations of the Authority are reflected In
the classification "Other" in Table 3 of this section.
Consists of Agricultural Marketing Act Revolving fund and Soergoncy
Crop and feed Loans.
Pursuant to Public Law 731, approved August lU, 19U6 Bmergency Crop
and feed Loans, fbra Security Administration, and certain activities now reported by federal Public Housing Authority, Farm Security Administration program, are to be transferred not later than
October 31, 19^, to the farmers' Home Administration.
Consists of Indian Loans and Puerto Rico Reconstruction Administration.
Information not available for Puerto Rlcan Hurricane Belief
Loan Section.
Consists of Bureau of Community facilities and Public Iforks AdainIstratlon.
Pursuant to Public Law U92, approved July 8, I9U6, transferred to
%lted States Maritime Commission for purposes of llouidatlon by
December }l l^kS.
figures are aq of August 31, 19Ub, with exception of those of lend-lease and UHRRA activities.
Consists of Federal Public Housing Authority - Homos conversion program, farm Security Administration prograa, Public war luuslng program, and Veterans' housing prograa; federal Security Agency loans to students: Navy Department - guaranteed loans (World War II)
and sale of surplus supplies (World War I); Treasury Department miscellaneous loans and certain other assets; War Department goaranteed loans (World War II).
,
18/
February 1947
75
INTERNAL
REVENUE
STATISTICS
Treasury Bulletin
76
^
Summary of Internal Revenue Collections
(In thouaanda of
Total receipts from
InterriRi
Fiscal year
or month
(Daily
Treasury
Statement)
1937
1933
1939
19U0
1*, 597, 11*0
5,6711,318
5,l6l,?31
(JolIar<H)
Employment
Income and prof 1 ts taxes
Adjustment
to Dally
Treasury
Statement
Total
Internal
revenue
collections
Total
Income
and
profits
taxes
Corporation
IndlTldual 2/
Income and
excess
profits 2/
Miscellaneous
profits
taxes h/
Total
employment
taxes
Old-age
Insurance
1/
-37,168
l.,63l*,303
+30,1*70
5,6U3,8i*3
2,179,828
2,629,030
31,17s
U2,786
265,71*5
71*2,660
5,162,361*
2,185,111*
1,091,71*1
1,28/=, 31?
1,028,831*
1,056,909
1,299,932
-1,133
-19,637
1,122,51*1
33,71*0
71*0, U29
5,322,771
2,129,609
982,017
27,010
37,172
833,521
925,856
207,339
502,918
529,836
605,350
687,328
191*1
7,361,675
+10,11*1
7,351,531.
3,1*71,121*
1,1*17,655
1,120,582
2,016,297
191*2
12,993,118
13,029,915
8,006,881*
1,185,362
22,11*3,969
1*1, 681* ,987
1*3,902,002
1*0,310,333
22,^68,721.
UO, 119, 510
1.3,800,333
to, 671,919
16,298,888
33,027,802
35,061,526
31,258,138
3,262,800
6,629,932
18,261,005
56,621
191*3
-36,797
-221., 755
9,581*, 715
8U,2i*l
1,1*98,705
1,131,51*6
ll',629,3l*l*
137,1*52
19,03'*,313
18, 70 1», 536
15,883,235
11*3
91,165
1,738,372
1,779,177
1,700,828
1,290,025
1,307,931
1,237,825
5,303,131*
19"*l*
191*5
191*6
,
+I.?6'i,lt77
+101,661*
-361,585
l*,687,U62
12,1*62,1*37
,978
t>oces
Social Security
taxes
895,336
Unemployment Insurance h/
237
11*9, 1*76
281*,758
28l*,258
9,990
818
35,1*33
2,698
17,175
2,70l.,O58
l,856,OUl
1,1*66,568
383,325
6,11*9
21*3,31*3
197,920
3,292,161
2,71*1,561
586,112
2,11*2,631
12,817
39,012
i*,l*55
19l*6^anaary
February .
March
3,1*51,381.
-1*73, 31*8
3, 921., 731
836,516
363,553
299,11*0
2,036,735
2,27l*,592
6,156
3,672
8,783
61,81*9
-U18,2U8
+559,269
2,31*6,821
2,839,01*9
92,718
3,683,858
3,189,1*93
3,206,271*
U, 320, 110
183,229
7,012
28,172
98,737
7,920
1,703,072
1,662,967
2,836,577
1,216,51*6
1,1*20,591
239,01*1*
1,083,189
1,737,770
3,268
10,530
1,213
2,58l,U65
2,735,890
3,610,995
1,757,352
1,232,1U3
521,111*
3,269
1,765,61*9
1,1*15,371
2,907,267
1,227,325
3U6,oa2
1,669,891
2,766,827
1,875,687
1,572,063
1,296,11*5
April
May
June
2,310,093
2,307,793
1*, 080,1*92
-105,735
-266,165
+578,679
July
August. ,
September.
2,250,898
-330,568
October
November.
.
.
.
Flacal year
or month
2, 1*91*,
1*59
-21*1,1*31
,291,209
+680,211*
2,230,1*73
2,1*02,752
-536,355
-91,636
1*
2,1*15,833
2,573,957
3,501,813
2,1*911,389
1,323,237
1*81,232
575,1*06
21*5,523
61*,
565
1*27
122,0US
137,871
186, U89
178,71*5
-320,902
+656,276
102, 106
5,023,673
,
170,1*09
3,91*3,1.37
1*,
109
119,617
156,008
183,337
2,383,156
5, 582, 91*3
7/
58,U9
December.
.
retire'
ment
90,267
101,167
106,123
100,658
19l*5-Novemti«r.
.
Railroad
211,151
265,011
33,739
1*9,633
5,295
3,332
15,618
98,277
269,869
5l*,673
93,532
238,062
3,770
1*,095
1*,196
109,960
239,705
5,523
8,1*75
2,1*67
32,671*
10 ,052
115,696
280,853
57,335
1,62U
50,188
l.,136
128,531*
3,301*
261,935
122,1*33
227,1*09
2,961
9,053
3,11*0
25,1*73
1,1*77
21,277
1*9,690
77
February 1947
COLLECTIONS OF INTERNAL REVENUE
1932
DOLLARS
-
33
34
'35
36
'37
38
39
40
41
'42
43
44
45
46
47
'
DOLLARS
Siltioos
Income Taxes
Corporation
_
Income
and Excess Profits Taxesi{_
M
B32
6
1
Manufacturers' ond Retailers'
Excise Taxes
Other Internal Revenue
1932
34
DOLLARS
Simons
Billions
Individual
Treasury Bulletin
7«
Detailed Analysis of Internal Revenue Collections^/
(In thousands of dollars)
Tlscal years
Tlrst 5 Bonths
Type of tax
Kacal
igits
Income and profits taxes:
Individual:
Withheld by employers:
Oiirrent f&x Payment let of 19^3 g/
fieTenue Act of 19U2
Other:
Oarrent
Back
y
Total indlrid'oal Income taxes
Corporation:
Income taxes:
Current 2^
Back
Corporation taxes
Miscellaneous profits taxes;
Declared value
Vinson Act
Tbjust enrichment
•>
Total miscellaneous profits taxes
Total income and prof i ts taxes
Ballroad retirement Jj
Total eotployaent taxes.
Hlscellaneoua internal roTenue:
Capital atook tax*
71
8.567,11*7
8, '130,377
I«l6.571
19.03U,313
18, 7011,536
7,175,''92
U,U21,682
3,901,917
738,032
1,300,1211
11,003,520
7,822,Ugg
2,910,078
13.883,235
12,U62,'»37
1U3,798
91,130
ISO
11*3.978
35
91,165
35,061,526
31,258,138
1,307,931
1,237,825
i86,iigq
l,U9l*,U20
l,lil6",570
it/
<
1
28U,758
2eU,258
1,779.177
1,700,828
iU3,oao
l,603,'t97
32.51*9
ui,8ao
2,122
2,5911
1*5.269
58,250
51
8,308
6
is6
11,213
«3,3'*3
638,682
3,130
8,061
25
8>10
13,309
696
650,8211
3.106
2,526,162
Tobacco taxes:
Clgare (large)
C Igars ( small )
Cigarettes (large)
Cigarettes (small)
Snuff
„
Tobacco (chewing and smoking)
Cigarette papers and tubes. ..>....••.••••••. ••••!
..*•..•<
Leaf dealer penalties, etc.. .•••..••
••••<
Cigarette and cigar floor taxes...*....
,
*•
••.••••<
Stamp taxes:
Bonds, l-£uee of capital stock, deeds of conveyance, etc.
•
Transfers of capital stock and similar interest
sales
Pla^'lng cards
•
Silver bullion sales or transfers
Total stamp tax<^e
629.601
199.691
l,28U,6l3
Total alcoholic beverage taxes
Total tobacco taxes.......
178, 71*5
U6.91S
Alcoholic beverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits rectification tax
Wines, cordials, etc, (imported, excise)
Wines, cordials, etc. (domestic, excise)
Brandy used for fortifying sweet wines (repealed
as of July 1, I9I1O)
Dealers In distilled spirits; rectifiers; m£mufacturers of stills (special taxes)
Stamps for distilled spirits intended for export.
Case stamps for distilled spirits bottled in bond.
Container stamps
floor taxes
Temiented malt liquors
*••...
•
Brewers; dealers in malt Ilqxiors (special taxes).,
5,2'il,7'i7
1,829,506
IOU.168
??fe.l37
(Hf t tax
19U7
123
371.999
latate tax
year
19I16
9,857,1*6
ftnploymeot taxes:
Social Security taxes:
Old-age insurance ^/
Thi employment ln*uranee 6/
Total Seoial Security taxes
ysar
10,263,Ul«
802
1*58,031*
Excess profits taxes (Second ReTenue Act of 19^^
as asiended)
Totril
19116
36,593
8U
695
836,058
T.TUl
''9,57't
1,390
lil,38li
70
172
,072,799
7,3p
11,961
1,757
1
g_
932,1'^
1,165,519
33,157
17,393
2U,852
30,369
7,'t93
9,766
1U9
25_
65,52s
87,676
176,897
Hovember
I9U5
February \947
79
Detailed Analysis of Internal Revenue Collections
1/-
(Continued!
(In thousands of dollarB
Tiscal years
Type of
yirst 5 months
nscal
tftjt
19^
MlBcellaneous Internal rereaua (continued):
Mazrafacturers' and retailers' excise taxes:
LubrloatlD^ oils
Oaeoline
Tires ard tubes
Tloor taxes on tires and tubes
Antomobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Xlectrlcal energy
Electric, gas, and oil appliances
Electric lli^t bulbs and tubes
Electric signs (repealed as of 11/1/U2)
Badlo sets, phonographs, components, etc
Phonograph records
Musical Instruments
Mechanical refrigerators, alr-conditloners, etc..
Matches
noor taxes on matches
Business and store machines
furs - retailers' excise
Jevelry - retailers' excise
Luggage - retailers' excise (sffectiTe U/l/UU)...
Luggage - manufacturers* excise (suspended as of
U/1/Wj)
Optical equipment (repealed as of ll/l/US)
Photographic apparatus
Rubber articles (repealed ee of ll/l/Us)
Sporting goods
Toilet preparations - retailers' sxelse
Washing machines (repealed as of ll/l/U?)
?irearms, shells and cartridges.
....•••
Pistols and revolrers.
Repealed taxes not listed above
19U6
92,865
7l»,602
1405,563
1105,695
75,?57
118,07?
^0,gU7
2,558
U9,UUo
37, 1"*
year
Fiscal
year
19U6
191*7
57,OOl4
12, 060
25,1495
11,035
17,781
56
13,385
3,902
2,839
9,229
55
'*,753
2,015
927
1,637
9,3'»9
U
10,120
35,10U
190,159
17,828
2,908
28,228
19,2514
35,8114
5,073
7,291*
2l46
2U,80U
'*,573
U,269
1,601
1,313
18
371
222
l',975
536
968
2,71*9
7
5
U,!lt8
7,811
2U
2.592
86,615
95,57"*
314.336
U
1
1
3,132
5,232
5
61
Total Internal revenue collections
Adjustment to Dally Treasury Statement
receipts from Internal revenue (Sbily Treasury
Statement J
8,066
78
21,691
2,513
3,203
13,1*23
1/
2/'
3,550
17,375
1,569
65
U,871
U90
639
31, l*!?
86,705
33,702
1,310
9,908
15,126
6,103
9!6
1,1*72
9,323
15,'*05
5,862
6
8
1
2
114,300
1,633
581
6,660
1,503
3,926
96
105
918
11
lU
8
1,UIU,717
550,6114
71*2,1314
111,785
16
25,978
6
25,861
5,1*17
U,569
95,26U
106,007
67,679
6,537
18,719
10,106
1,282
18,025
15,072
9,2U9
1,212
17,096
20,951
25_
314
56,732
208,018
133,569
16,286
?3U,182
221,088
128,701
336
2314,393
1145,689
ll4,82U
58,Ul
226,750
220,121
115,960
182
7,857
6,495
102,313
95,800
115,216
175
3,167
''43,191
1145,508
72,077
18,899
U,011
17,092
29,U88
6,781
3,135
13,187
I4I4
3"
14,932
69'i
2,309
275
6,26g
2,6l4U
6
3
8
113,1438
26
(-5)
11*6,763
1
109,866
280
2
19,361*
3,28l4
611
577
1714,291
29,0145
9,1914
31, '•30
3.575
16,552
30,056
6,339
1,377
99
U80
2,690
318
5,578
338
26
770
U22
1
2U
•
i*,963
1,719
158
558
2
366
2U
1,362
u
11
3
706,136
67U,20U
113, U38
109,337
7,712.953
3,1*56,986
3,1467,1914
6oU,675
660,390
U3, 800, 338
110,671,919
I5.837.6I43
lU, 189, 566
2,70U,058
2, 1*9'*, 389
101,66U
-361,585
-892,313
-519,775
-320,902
-91,636
U3, 902, 002
140.310,333
114,9145,330
13,669.790
2.383.156
2.1*02,752
180
171
l,U30,U2g
1,1*89,925
6,959,63''
_L-
•
13,1*18
•
Total
ce:
201
7,009
3U,l427
6,588
35,9Ul
35
58
5,503
756
6,208
16
23,1*13
6,020
38,8?7
B,U07
(-31)
2,057
2,697
U
1,229
6,205
73,29'<
300,589
56,877
lU,i6o
u,i6o
19,100
68,386
9,160
15
18
21,18U
125
7,878
7,311
•
3,510
6
1,206,616
70,8145
U,l487
•
29,9114
35
Total miscellaneous Internal revenue.
1,730
951
592
1,602
8l,fe3
73
Total miscellaneous taxes.
35
223,3143
19,288
228
Miscellaneous taxes:
Bituminous Coal Act of 1917 (expired 8/23/U3)
Sugar Act of 1937
Telephone, telegraph, radio, and cable, leased
wires, etc
Local telephone eerrlce
Transportation of oil by pipe line
Transportation of persons, seats, berths
Transportation of property (sffectl»e 12/1/U2)...
Use of motor ver.lcles (repealed as of 6/3O/U6)...
Use of boats (repealed as of 6/3O/U6)
Leases of safe-deposit boxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated butter,
mixed flour Sy and filled cheese
Oleomargarine, Including special taxes
Narcotics, Including marihuana and special taxes.
Coconut and other vegetable oils proceesod
Nat ional Firearms Act
All other, including repealed taxes not listed
above
6,8W4
7,59s
lgU,220
73,851
79,''18
Total manufacturers' and retailers' excise taxes.
2l4
5,632
27,890
7^,695
15,792
91,706
Hovember
19U6
I9I45
38,831
193,256
37,05|
19
25,893
68,871
59,112
Hovember
Hilly Treasury State(l) Total receipts from Internal rf-venue:
Reports of colments: (2) Detailed collections by type of tax:
lections loade by collectors of internal revenue.
Less than $500.
Excludes collections for credit to certain trust accounts for
territories and insular possessions, etc.
Collections under the Current Tax Payment Act of I9U3 as shown
Id this table consist of those for which returns have been filed
with the Collector of Internal Revenue; receipts under trls act
as shown In Daily Treasury Statements consist of withholding
taxe; deposited in Government depositaries in addition to payments accompanying returns filed with the Collector of Internal
Revenue.
i/
!»/
Current collectlona consist In general of taiea paid within twelve
aonths after the close of the taxable year for which the retxim
was filed.
Current Individual income tax collections for the fiscal year 19^5
include payments on unforglven portion of 19^2 tax, due Harch 15,
I9U5, of $508,605 thousand for the period, January 1, l^U^ throi:gh
April 50, 19115.
Represents collections under the Federal Insurance Contributions Act.
Represent? collections under the Federal Unemployment Tax Act.
Hepreser.te -ollectlons under the Carriers' Taxing Act of 1977Tax inpo^ed upon the manufacture and sale of, and the occupational
\^'^2,
taj: on, a\y.rA flour repealed as of November 1,
80
MONETARY
STATISTICS
Treasury Bulletin
February 1947
81
Balance Sheet of the Exchange Stabilization Fund
As of June 30, 1946 and September 30, 1946
June 30, I9U6
Ssptaiia>er 30, 19l<6
Aeseta
Cash:
Treafiurer of the United States, gold
Treaaurer of the United States, checking account.,
Federal Peeerre Bank of New York, special account..
Disbursing officers* balances and adrance accounts.
$1,800,000,000.00
85,873.62
Total cash.
Special accounts of Secretary of the Treasury In
Federal Poserre Bank of New York:
Special account No. 1, gold (Schedule 1)
Due from foreign banks (foreign exchange):
SvlsB franca
French francs
Belgas
Sterling
All other
$1,800,000,000.00
1,578,982.16
111?, 999, 636 .33
35,105.06
1,687,057.^
19'>,37li,S99.9'»
$1,996,087,231.10
$1,9">9,613,723.55
71,362,261.18
U3, 290, 619. 22
$29,238.06
$1401,217.2'*
7.I19
7."<9
363 .08
363 .08
2,980.05
3,905,971.35
2,980.05
3,507,089.88
Total due from foreign banks
3,938,560.03
3,911,657.71*
Due frcn the Covemmant of the Bepubllc of Cuba.
Inyeetinents In United States
5,012,1(95.66
CoTemment aecuritlee
(Schedule 2)
Accrued Interest receivable (Schedule 2)
Other accounts
(
deferred charges }
ComttOdlty sales contracts (deferred charges).
Total aasets
Liabilities and Capital
Accounts payable:
Vouchers payable
Qsployees* pay-roll allotment account. United
States savings bonds
Wl thhold Ing taxes
Ml scellaneouB
20,000,000.00
82,936.12
83,Uli6.55
2U.38
2U.li2
2,636.00
2,636.00
2,091,''73,6fc9.31
$2,091,91'', 603.1''
$1,U76.7S
$2li,10li.21
l,9't2.17
3,l<bl.25
23,5*5.10
30,737.73
321, 678. Ul
337,''75.l«
Total accounts payable
Reserve for expenses and contingencies (net).
Capl tal acco'jnt
$36'', ''39. 39
$379,981.60
12,203,560.70
12,U29,896.1'8
$2,000,000,000.00
$2,000,000,000.00
Deduct * Subscription to International Monetary
Fund
Earnings less administrative expenses (Schedules
and It)
275,000.00
1,999,725,000.00
275,000.00
1,999,725,000.00
3
Total liabilities and capital.
Note:
20,000,000.00
Annual balance sheete for the years 193'' through 19''0 may be
found In the "Annual Report of the Secretary of the Treasury
79,l80,61i9.2S
79,379,725.06
$2.091.''73.6I»9.31
$2 ,091.9111. 603.11'
for 191*0.'' Quarterly balance eheete conaenclng December 31,
1938 may be found In previous Issues of the "Treasury Bulletin.'
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 1
Location of gold held by and for account of the Exchange Stabllltatlon Fund l/
Treasury Bulletin
S2
Schedules for Balance Sheet of the Exchange Stabilization Fund
Schedule 2
-
United Statea GoTornment aecurltloa hold tj tie Ilchange Stabilization Fund
Issue
(Continued)
February 1947
«3
Gold Assets and Liabilities of the Treasury
(I>
mlUlou
(f Icllan)
Llo^llltloo
KBd of oal«Bdar
jttar or Montli
Ooli oooota
a«U oortiriMUl 1/
OoU
rooorro
Ixokoaco
8taklll»tlo«
otoa, oto. 2/
OoU
IB
OoEorml FMd
Treasury Bulletin
84
ComponentB of Silver NJonetary Stock
(In HiUlons of doLUra)
SllTvr bold Im Trvasorj
SoosrljiC BllTor
Ind of c&landar
ja&r or Bonth
oortlflsates 1/
SllTor
bullion
SllTor
dollar*
Su^Bldlar7
cola 2/
1937
1938
1939
I9V0
19*1
938.8
1,137.6
1,298.2
1,398.1
503.7
502.7
1,1176.1
1>8I..1
W^tS
1,516.2
1,520.0
1,520.1
1,703.9
1,911.2
l>68.3
3''3.'>
9.2
U.li
12.5
10.2
13.9
19>>3
I9W
igii?
wkfip
19<>^-D9CeBbsr
SUTor
outaid*
Traaaorj
la Oonaral Fuad
"199.0
V9I..6
llOO.ll
376.5
356.1»
Bullion for
rooolaag*
^
Bullloa
at oost
SllTor
dollars 1/
Sutaldlazy
coin' 2/
Total
allTor
at $1.29
por oimce
5.">
1(28.6
''3.'>
535.3
616.0
U.l>
366.9
372.8
2,806.5
3.5
5.3
2.3
3.5
U.l
391..1
657.1.
52.5
6J.0
1.22 .k
3,790.2
k, 060.0
k,2kk.8
78.8
96.8
662.3
19.1
.1
3,31.6.8
1.93.5
628.2
551.8
to5.6
185.6
93.0
U7.5
587.3
68k.
771.6
137.5
150.1
901.3
k,317.6
k,207.3
3,870.6
3,512.8
3, 51k .9
185.6
137.5
8k6.7
3,512.8
81.6.7
1,703.9
356.1.
10.2
19k6^an\iai7....
February .
Maroh
1,771.7
1,818.5
1,850.8
355.8
355.3
.l.
17.0
17.7
138.2
138.7
35k.
157.7
139 '>
127.1
8k8.6
139.'.
850.1
3,508.3
3,508.3
3,508.k
April
1,909.0
1,909.0
1,909.1
353.6
352.1
350.9
17.0
15.2
13.3
105.7
10k .5
102.3
lko.3
Jvna
852.3
857.5
865.6
3,508.5
3,508.7
3,508.k
July
Auguat
SoptcMbor.
1,909.1
1,909.1
1,909.1
3''9.'.
11.5
13. "•
101.1
99.1
97.9
IM.l
3''7.9
3''6.5
871.3
875.5
881.8
3,508.7
3,508.7
3,508.7
October. .
RoToabor
Deceabor p.
1,909.1
1,909.1
3''5.6
10.9
7.5
13.9
96.1.
11.8 .0
96.7
93.0
11.8.9
1,9U.2
889.0
895.7
901.3
3,59k.k
3,511.7
3, 51k .9
.
.
.
•lay
.
.
Sonroo:
p
*
1/
.
13
10.8
3W..6
Dally Traaauiy Stataasnt and Clroalatloa Statoasnt of thltod
States Money,
Prelt»laary.
Less tbaa $50 tbousaad.
Valued at $1.29 per ounoe.
2/
^
8I.8.9
11.1.8
lk8.7
1^5.7
1%7.0
150.1
Talued at $1.38 per ounoe.
Talued at $1.38 per ounoe or at $1.29 per ouaoe aooordlng to
vbether the bullion iB held for reoolnago of eubsldlary sllTer
Qolns or for reoolaa^e of standard sllrer dollars.
Silver Production in the United States and Silver Acquisition by Mints and Assay Offices
1/
(la Billloas of ouaoes or dollars)
surer
Calendar year
or Month
prvdootlon In
Dblted
States
surer ao^ulred by alnts and aaeay effloea
evly alned
doswstlo
sllTor 2/
atloaallted
surer i/
Terel^ silrer k/
OuBoes
1936
1937
1938
1939
19k0
63 .k
19kl
19k2
19k3
19kk
19k5
71.1
55.9
ko.8
35.7
29.3
71.3
61.7
63.9
68.3
19k5-loTeaber..
Deoeaber
2.7
2.0
19k6-JanuaTy
February
Marob
2.2
1.5
.
.
.
.
l.k
2.6
3.0
October.
2.9
2.6
..
Voreaiber .
2/
50.1
3k .0
3.9
ko.l
k8.5
271.9
2kl.5
355.k
282.8
139.8
150.3
108.7
156.9
120.5
50.9
72.6
Ik .3
27.1
6.0
333.
312.2
kl7.
3k3.
208.1
lk3
62.:
5
197.8
163.3
199 1
160.6
99 .k
77.2
kO.O
3.9
.3
.k
.3
1.1
.
1/
70.5
k7.9
5.5
ks-.k
.3
.k
July
August
Sep tanber
•
k7.3
5k .6
.5
April
Key
Juaa
Sourest
61.1
70.6
61.6
60.7
68.3
.8
.8
.8
.8
1.6
l.k
1.6
l.k
Annual figures ooae froa the Dureau of the Mint; monthly figures
on U. 8. sllrer production coae fros. releases of the Aasrloaa
Bureau of Metal Statistics and vUl not agree vlth the aana^l
figures.
Less thaa 50 ,000 ounoes or $50 tboosand
For Infonatlon oa sllrer production In other countries from I933
through 19kO or 19kl, see Treaaury Bulletin* for August 19k3,
page 7«.
Acquired at 6k. 6k cents per fine ounce until April 9, 1935; at
per fine ounce frea that date until April 23, 1935; at
77.57 ceat* per fla„ ounce from April 23, 1935 to Secenber 31, 1937)
at 6k. 6k cents per fine ounce frca I>scenber 31, 1937 to July 1,
1939; at 71.11 cents per fine ounce frgn July 1, 1939 to July 2,
19k6; and at 90. 5 cente per fine ounce since July S, 19k6.
Acquired at 50.01 cents per fine ounce. Kxecutlre Proclanatlott of
August 9, 193k, repealed April 28, 1938.
Acquired
at rarleus prloss areraglag approxlnately 51 ceats per
.
ounoe
71.11. oeate
February 1947
85
Seigniorage on Silver
(CimulatlTe from January 1, 1935 ~ Xn mllllone of dollars)
Sources of seigniorage on ellver bullion revalued l/
End of calendar
year or month
1935
1936
1937
1938
1939
191*0
Seigniorage
on coins
( Oliver and
minor)
Mlec. silver
(incl. silver
bullion held
June lU, I93U]
18.
1.8.7
U6.1
63.7
69.5
91.7
12S.2
1*8.7
1.8.7
1*8.7
1.8.7
1*8.7
ffevlj^ -mined
Hevljr-Klned
•liver (Proc
I>ec.21, 1933)
226.2
302.7
366.7
71.
.9
1*57.7
87.3
87.6
530.7
562.7
18a. 1
1*8.7
191*2
2't5.7
1.8.7
19M
igiiit
299.6
362.3
1*8.7
191*5
lt29.5
1.8.7
19U6
1*91.9
1.8.7
87.6
87.6
87.6
87.6
87.6
87.6
19l*5-De camber.
1.29.5
1.8.7
19^-Januar7
I132.lt
1.8.7
February.
March ....
U36.0
1.8.7
1.38.2
1.8.7
April
May
June
UUI.3
U6.1>
1.8.7
1*53.1
1.8.7
.
July
1.8.7
1>57.8
1.8.7
August. .
September
I.6I1.6
1.8.7
U70.6
1.8.7
October.
November.
December
1*76.7
1.81.6
1.8.7
1*91.9
1.8.7
.
1.8.7
193"*
16.8
36.0
58.0
19*»1
1.8.7
•liver (Act
July 6 1939
and
Julj 31,19lt6)
Silver Purchase Act
of June 19,
1.8.3
580.1.
63.6
65.3
581..3
65.".
581..3
58I..3
65.5
66.5 i/
701.6
832.1
87.6
65.5
701.6
87.6
87.6
87.6
65.7
65.8
65.8
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
Rationalized
silver
{Proc. of
Aug. 9,193*t)
Total
seigniorage
on silver
revalued
Potential
seigniorage on
silver bullion
at cost In
General Fund 2/
Treasury Bulletin
g6
Money in Circulation
(In ml 111 one of dollar e)
Paper soney
Total
End of fiscal
year or month
onej
in
circulation 1/
Total
paper
money
Gold
certificates
SllTer
certificates
Treasury
notes
of 1890
2/
February 1947
CAPITAL
AND
87
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN FOREIGN CURRENCIES
Treasury Balletin
8S
Capital Movements Between the United States and Foreign Countries
States
and
Currencies
Foreign
Section
on
chapter
This
United
I
Is
Movements
between the
Countries and
Position In
Capital
Foreign
divided
of Capital Movements,
Into
four
main groups.
the Historical Summary,
contains data regarding capital movements, by the principal types of data and by years, starting with 1935Each type of
The last thirteen months are also shown.
data Is then broken down Into Its chief components In
available.
The last group contains Information regarding the
position in foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
contracts and purchases and sales of foreign exchange,
both spot and forward. This section covers a twelvemonth period.
net
the same chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
The
principal countries for the last thirteen months.
total
capital movements are given first and then the
principal categories are shown separately. In addition,
at this point, the total outstanding claims on and liabilities to foreign countries are each presented.
Details with respect to capital movements and
short-term claims and liabilities are presented In Section III as of the latest month for which the data are
for
previous periods may be obtained from
the following sources:
Supplement to the "Treasury Bulletin" on "Capital
Hovements between the United States and Foreign
Countries,
January igU-a through April 191+5",
for
details during that period.
"Treasury Bulletin",
November 19*15,
for capital
movements, and position In foreign currencies by
months, 1942-191+5.
"Treasury Bulletins",
Uarch igUa and earlier, for
details covering years back to January 2, 1935.
Section I.- Historical Summary
Table I.- Net Capital Movement
(In thousands of doUora; nsgatlTe fl«u»8 Indloata a nat outflow of capital frea
ttaa
Dbited Stataa)
Analyaia of nat capital Baraaant In:
Calendar jaar
or Booth
Hat capital
BOTaaant
Short- tmm
IxmUng fmds
193?
1936
193T
1938
1939
(Jan. 2, 1935Jan.
1, 1936).
(Jan. S, 1936J)ec. 30, 1936).
(Bac. 31. 1936-OW5. 89, 1937).
(Dec. 30, 1937-Bec. 28, 1938).
(Dec. 29, 1936-Jan. 3, 19"iO).
19V>
iSkl
19^8
(Jan.
1, 1*0,686
992,829
1,226,722
833,715
Il28,lk2
Brak«ra«e
haLancaa
Traaaactlona
In dcaaatlc
eacurltlaa
316,660
600,693
287,39''
6,039
6,811
3'', 687
328,968
1,135, '183
3''
57,196
32,990
.85,''27
695,080
aw ,628
20,398
-''53,863
-8*3,522
583,373
1,168,058
-2*9,068
-261,995
*6,999
27,767
-U3,W5
M2,956
1,198,735
2''1',626
Tranaactlone
In forei^
aacorltlaa
125,158
191,076
267,008
26,758
115,689
X9Wt
Wl,35*
1M,99*
Wk?
1,216,303
I9M).
l,07k,3T5
-570,909
-k9
3,513
13,372
8,529
17,79*
-'135,576
6461
-380,*32
78,156
51,703
-7,36*
77,696
93,*96
-*6,617
178,738
2, 193$.8ept.30, 19>>6).
8,231,90?
6,li51,67'>
1^,*S9
*78,a99
1,151,*97
k, l^kO-Dac. 31,
19^).
686,121
1,286,893
19'i3
I9I16
(Jan.
Total (Jan.
1, I9k6.8apt.30,
21l>,735
U6,738
125,99''
9,*69
-13,202
-1,529
October
RovaMhar
DeccHber
71,193
.132,1£0
•,837
Ik6,k67
-157,226
.9,691
-827
-83,568
-15,985
19,659
-51,679
36,*55
-10,206
19k&.Januai7
Fahruarr
Narch
80,0k9
-*7,7e6
-U,33">
76,683
-62,276
-88,782
-8,938
-172,787
*6,**7
-87,330
125,085
-30,687
5,882
-56,1112
-*7,033
-e8k,907
-68 ,939
1,793
-7'«
-1*,386
l'*6
-*,719
3,19*
28,106
-19,988
19k^«aptaia>er
April
•toy
June
JvXt
Auguat
Saptaabar
-868,592
.86,800
157,952
-150,722
.9'>,J61>
9*5,779
-199,116
-112,985
''.636
5,075
U,210
5,956
-U,009
-1108,858
5,836
3,<5«
-i3,9»r
-13,863
21,*79
16,9*9
88,886
I^bruary 1947
89
Capital Movements Between the United States and Foreign Countries - (Continued)
Section
-
I
Historical Sumnary - (Continued)
Table 2.- Short-Term Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers in tlie United States
(Position at end of period In ttaouaands of dollars)
Short-term claims
Payable
End of calendar
year or month
In
foreign
curronciee
1935
1936
1937
1938
1939
(Dec.
(Dec.
(Dec.
(Dec.
(Jan.
19l<0
(Dec. 31,
128,951
ll«,911
626, Oil?
150,0lUi
508,702
66,7''5
161,263
96,726
116,917
165,521
173,238
igiii
383,978
367,786
l.7,U77
lt7,068
19''2
2li6,673
19'*^
257,929
I9W).
1.88,365
1,301,11.2
1,156,1.96
Ii3l.,977
1, '•56, 885
268,719
1,623,317
1,893,087
2,203,185
3,221,328
115,
118,633
U8
221,383
202,085
3,938,232
3,678,518
30,916
72,01.8
3't,337
86,373
11*3,709
137,161.
'.,205,389
5, 371., 903
385,636
310,1.77
Payable
In
Deposits
of
foreigners
banlcs
152, '»37
778,579
Payable In dollars
Loans to
foreign
672,611t
65lt,990
1935).
1936).
1937).
1938).
3, 19to).
31,
30,
29,
S8,
Short-term liabilities
Payable In dollars
foreign
currencies
Net
short- tern
liabilities
522,563
950,703
1,238,097
".6,795
66,1.78
97,851
1,600,507
1,985,025
3,025,189
209,597
82,983
103,369
60,828
3,786,182
3,352,223
3,523,328
31,0'.9
3,55".,25"^
19,677
13,893
17,911
3,310,732
3,958,716
21,61.1
25,51.6
6, "190, 302
lll.,791
135,311
99,95'.
1,577,11.3
2,712,626
m^
329,69''
5»>,603
105,1.21
169,670
'17, '189
100,267
21.5,010
5,596,775
6,883,068
u, 356,501
392,766
,91*6, 621.
121,001
306,618
666,168
1,222,580
1,218,633
1,910,898
19U5-Soptember
270,226
39,772
93,815
136,639
6,780,693
I.,89l.,102
1,861., 811.
21,777
6,510,1.67
October
November
December
259,952
331,320
392,766
1.2,606
121,601.
'•,997,303
".,938,255
2U,619
27,890
6,692,531.
197,287
6,952,1.86
6,861,1.28
1,930,561.
"•3,596
95,71.2
90,1.37
It7,lt89
100,267
21.5,010
6,883,068
11,91.6,621.
25,5'.6
6,1.90,302
19U6-January
February
March
li06,286
liO6,801
50,12'»
Ii9,2l8
6,993,209
5,027,036
6,586,923
23, '•22
6,52l.,61.7
6,927,795
'',96U,752
"•,959,697
1,9"."^,872
l,9'^3,27'i
21,301
255,315
266,521
6,931,1.1.8
53,333
108,396
102,268
112,076
21.7,766
'•31,930
1,9'.3,576
2"i,522
6,1.95,865
April
May
June
'i3l«,270
62,072
270,667
57,961.
28,521
30,912
5U,02li
1,926,596
1,863,228
l,8eo,06l
6,1.1.8,332
1(90,703
"•,927,985
1., 760, 1.88
1., 762, 835
29,111.
6,163,925
6,100,986
July
August
September
56l,l<l6
5,0to,2l.9
1,81.2,517
25,1.15
6,3"i6,765
".,9"t9,7'^5
1,790,877
1,867,115
27,177
27,517
6,187,6*9
19'A
580,150
611t,608
58,U60
101,531
217,396
228,236
221., 328
6,883,102
6, 651., 628
6,612,010
108,706
108,093
106,196
236,539
231,855
276,116
216,171
2to,202
232,296
6,908,181
6,767,799
6,689,272
1.,
1.
13'., 1.12
"•,79l.,6to
1,895,283
1,910,898
5,116,97'<
5,267,081
6,530,108
6,071., 66".
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures Indicate a net outflow of capital from the Doited States)
Short-term claims
Payable
Calendar year
or month
in
foreign
currencies
Short-term liabilities
Payable in dollars
Payable in dollars
(Jan. 2, 1935-Jan.
1, I936)
(Jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Deo. 30, 1937-Dec. 28, 1938)
(Dec. 29, 1938-Jan. 3, 191.0)
361,360
228,132
1936
1937
1938
1939
70, U9
-l'.,7e8
-11,526
2,393
83,299
-3,552
31,868
-20,191
136,780
53,039
17,621.
28,91.8
-".8,60U
75,159
358,023
269,770
300,020
-7,717
1.1,758
1,018,11.3
19to
(Jan.
19l«-Dec. 31, 19to)
121., 721.
19,268
U09
15,933
58,120
-3,515
20,671
"7,336
19,298
60,899
-3, '.71
6,51.5
1935
1.,
117, 3to
16,192
97,503
-11,256
-71,765
-63,072
19".l
191.2
(Jan.
1, I9l.6-Sept.30, I9I.6)
-221,81.2
-58,707
-l'.,330
-19,01.3
5,15"^
-175,81.9
Total (Jan.
2, 1935-Sept.30, I9I.6)
"•65,875
19".3
191.1.
10I15
191.6
1Q!.5-September
Oc tober
November
December
19'*6-January
-20,216
7,11".
1.9,31.1
631,1.69
foreign
currencies
ities
587, 33"^
333, 1^07
6,333
19,683
37,802
992,829
l<,933
".28,11.2
ll»3,622
37l^,lAO
11.3,119
287,39".
-9"., 806
-16,971
20,386
1,01.0,161.
20,520
-1.2,51.1
1,135,".83
-1U,310
185,617
385,365
-29,779
-11,372
-5,102
81.1,628
-21.3,522
105,607
328,968
716, 90U
760,993
-259,711.
1.85,870
1,179,311.
-"•33,959
620,881.
551., '•12
l.,0l8
220,359
1,279,375
692,265
-213,731.
-"•3,783
3,730
3,905
1,971
1,216,303
12,71".
220,576
583,205
-171,922
-3,91.7
-75, 31^5
-29,020
6, 1.51, 67".
-32,506
583,373
1,168,058
11.8,59'.
-1.35,576
21.7,81.0
-176,988
395,023
5,985,799
".,16"., 351
1,850,1.68
10,955
26,M)3
-1,121.
U9,760
30,U19
87,750
1,591
iss.ggi^
10,271.
-2,831.
171,793
-91,058
182,067
21, 6W
8,369
3,271
-2,3'A
-162,1.26
-"•7,723
65,750
-35,281
15,615
2,81.2
-990
-3,893
15,035
-75,683
103,201
-71,368
-1,927
5,305
-9,830
-2,756
33,97".
-l.,2U5
-62,281.
-11,206
90,203
-61,761
-3,653
60,1.71.
-1,598
302
2,121
1,100
76,683
-62,276
-28,782
3,999
2,391
-1,798
-59,01.8
February
March
-13,520
-515
-25,129
.".,115
-8,129
6,128
-9,808
April
May
June
-2,31.0
-56,1.33
-8,739
U,108
10,51.5
-l.,11.6
-U5,865
55,32".
-U.,693
-226, U7I.
-167,1.97
-16,980
-63,368
-20,321
-1.96
-10,81.0
-8,985
-1.2,618
2,3'.7
-"•3,167
-50,392
-50,2U6
July
August
September
Net
short- term
liabil-
36,23".
-6l,U1.6
,
Payable
In
Deposits
of
foreigners
Loans to
foreign
banks
-2,635
906
-18,73".
613
-3'., "•58
1,897
-8,363
lt,681i
-1.1.,
261
-7,5'i9
296,171
-5,055
-31,712
277,'.l"^
22, ".56
,031
-11.0,382
-90,50".
7,906
-78,527
-155,105
-51,6to
76,238
8,157
-21.
-39,806
-'•7,033
-28"., 907
-62,939
-3,699
1,762
-159, U6
3"rti
-112,985
21.5,779
Treasury Bulletin
90
Capital Movements Between the United States and Foreign Countries
Section
I
-
-
(Continued)
Historical Sunnary - (Continued)
Table 4.- Purchases and Sales of Long-Tem Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thouaeoids of dollars)
Doneetlc stocks
DOUBBtiC iKmdB
Calendar year
or Bonth
Total
purchaaes
Purchaees
Total
Net domestic
stocks
sales
bonds
1935
1936
1937
1938
1939
(Jan. 2, 1935-Jan.
1, 1936)
(Jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937-Doc. 28, 1938)
(Dec. 29, 1938-Jon
3, I9I1O)
Wto
(Jan.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
281*, 206
1.73,052
-188,81.6
iglll
11(6,039
368,558
19'l2
96,383
151,639
136,853
260,223
281., 595
U,
I9U0)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,302,681.
2, 681., 391
2,273,381
1,200,119
-85,1.27
-21.5,062
582,9U6
-261,955
75,1.88
-222,519
20,895
138,511.
-39,1.36
25,701.
-1.2,977
21.1,299
170,555
70,71.1.
171,1.32
-31., 579
268,21.1.
21.5,311.
650, UU
357,655
-97,1.32
393,390
31.8,799
-61., 201.
513,558
377,717
318,310
5711,538
-15,673
-256,228
20,l»0lt
29,529
-9,125
23,l»51
27,528
-l.,077
October
Noyenber
26,32ll
1.3,021.
33,081.
Deceinber
30,180
1.7,622
1*1,569
-16,700
-11., 538
-11,389
31,019
29,318
61,925
782
-7,221.
1.9,320
1.2,780
-3.936
-15,093
19W1
19l<5
(Jan.
1, 19lt6-Eopt.30, I9I16)
Total (Jan.
2, i935.Sspt.30, 19lt6)
19l»5-Septeiiljer
19'*6-Januar3r
February
March
April
May
Juoe
33,553
31,78U
27,392
n.a.
21l.,002
1.6,599
365,171
637,91*
602,905
1.39,676
751,01.5
27,767
210,735
-113,105
923,337
-320,1.32
11,866,861
11,388,566
1.78,295
l»3,855
57,057
-13,202
37,687
30,765
30,877
-6,668
57,3113
-1,1.1.7
31,01.8
62,to2
92,105
80,711
78,387
-23,368
-15,985
19,659
Ul,9l.6
5lt,l83
-165,563
50,385
-12,237
96,878
108,619
65,930
269,665
62,172
93,260
-172,787
69,777
21U,883
19,392
to, 31.6
Wi,101
38,699
35,955
-3,755
-3,133
73,899
67,350
65,782
88,225
78,359
70,501
-ll.,326
116,870
21., 231
26, 22%
-100,1.31.
39,971
35,1>U
11.8,829
1.9,398
1.9,065
62,928
-108,858
-13,987
-13,863
n.a.
1.7,558
38,81.2
23,981.
July
August
SepteBber
21l»,388
23,535
25,871
32,076
51.,
39,077
39,660
-10,571
-7,876
Sit, 51.6
-7,151.
31,959
25,167
-8,1.21.
TOU
16,1.36
9,51.0
36,70".
-l.,628
16,989
kU.lSl.
1,11.2,923
751,081.
191., 616
-56,216
316,660
600,693
21.1., 626
57,196
2,083,698
2,028,755
1,U9,905
506,022
320,991
260,601
392,938
278,032
986,021.
1,031., 1.78
221,816
171., 952
161., 218
19l(0-I>ec. 31,
igM
191*6
n.a.
n.a.
n.a.
n.a.
n.a.
35,566
38,390
2,1.35
-1U,691
-9,235
72,1.1.6
1.6,1.1.7
-27,330
-11,009
-l»,719
Not aTallable,
Table 5.- Purchases and Sales of Long-Ten Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thousands of dollars)
Foreign stocks
Calendar year
or Honth
1937
1938
1939
(Jan. 2, 1935-Jan. 1, 1936)
(Jan. 2, 1936-Bec. 30, I936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937-Dec. 28, 1938)
(Dec. 29, 1938-J«n. 3, 19to)
191.0
(Jan.
1935
1936
n.a.
n.a.
23,278
26,601
37,328
191.2
191.3
19W.
191*5
Wltfi
n.a.
n.a.
n.a.
n.a.
n.a.
U, 19to-Dec. 31, 19l«3)
191.1
(Jan.
1, 19l<6.Sept.30, 19I.6)
Total (Jan.
2, 1935-Sept.30, I9I.6)
191.5-SeptsBber
October
NOTember
Decenber
Fore 191 bonds
T
50,61.1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
n.a.
19,791
22,078
3,1.87
l.,523
5'.,7S9
-17,1.61
57,310
-6,669
2,1.21
2,091.
327
3,533
',397
1»,333
5,351.
8,216
11,150
-800
-3,819
-5,796
February
March
6,788
5,625
3,928
9,781
7,881
5,919
April
May
June
"•,527
7,765
5,221
11,81.5
1.,116
I., 732
7,210
5,056
.,1.19
2,791
191.6-January
July
August
September
n,a.'
Hot available.
W.6,367
3lU,262
318,113
572,873
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
372,158
225,289
3117,269
387,1.66
Total
purchases
n.a.
n.a.
n.a.
n.a.
n.a.
D.a.
n.a.
71., 209
88,973
-29,156
185,1.07
661,256
896,11.9
1,016,188
Total
sales
536,098
705,073
1.82,809
71.9,180
1.56,051
Het foreign
stocks
and
bonds
125,158
191,076
267,008
26,758
115,689
561,236
1.1.5,51.7
205,289
185,261
220,533
127,133
133,558
227,897
78,156
51,703
1.69,61.5
77,696
355,1.1.1
391,91.9
21.7,367
1.02,058
623,511.
l.l.l.,776
-46,617
178,738
6,018,181.
U, 866, 687
1,151,497
31.0,863
-7,361.
93,1*96
13,562
15,1.18
-1,856
15,983
17,512
-1,529
W2
61.,36l
-50,879
1.0,271.
-l.,1.10
17,015
67,861
22,938
68,691.
31,1.06
-51,679
36,455
-10,206
13,
63,>t6U
23,190
17,5*.
21,991.
-2,993
-2,256
-1,991
161, 1U5
33,067
53,877
128,078
25,1.1.6
29,2U7
21,U3l.
7,813
167,933
31,071
33,175
61,758
27,353
l.,65l.
-127
U8,236
W,955
9,252
6,232
-1,1.87
-1,011
1.8,216
25,501.
18,623
1.1., 08l
3,281
29,593
-18,577
52,763
55,981
30,725
27,875
50,313
3,154
28,106
-19,588
729
108,919
88,173
20,71.6
-321.
70,891.
51.
,025
29,231
16,869
26,035
113,764
75,626
55,266
92,289
59,081
33,650
21,475
16,545
28,826
-28,1.31
62,1.76
33, IW.
1.2,81.8
1.9,609
125,085
-30,687
5,822
91
February 1947
Capital Movemente Between the United States and Foreign Countries - (Continued)
Section
II -
Sumnary by Countries
Table 1.- Net Capital Movement
(In thousands of dollars; negatlTe flgores Indicate a net outflow of capital froB the United States)
19"6
19'45
September
Inrope
United Kln^oB
France
Belgluffl
Ceniiark
Wnland
Geraan7
October
-8,936
"6,93"
December
January
February
-"9,063
-"1,088
-12,135
3,809
-5,580
2,672
-3", 226
89,39"
-1,616
-53,553
-21,9"2
-18,227
3,361
-560
289
13,082
-189
-93
1,369
",030
-156
-23"
5,672
-8"5
m
367
-22
-210
26,223
19"
2, "3"
13, "72
299
3,2"0
1,71"
-687
-1,3"0
-8,677
-328
-12,628
-".930
-2,292
HoTember
-72,093
-35,906
69.123
22,522
33"
l6s
173
1,785
-"37
163
",227
-"66
2,505
3, "56
''III
2,812
186
Greece
Ital7
Luxembourg
-86
lether lands
Norway
Portugal
31
-2,786
6,U39
5,75"
-1,786
-319
Bunanla
Spain
Sweden
-"55
-7.280
5,881
15
20
-8,251
1",167
6,91"
2,925
36
1,886
-7,2"6
5,095
"98
I, "61
Switzerland
S. S. B
Tugoslavla
Other Europe
2,775
-37"
106
-2,219
6,809
-2"0
",611
"01
199
"79
12,512
3,230
350
-625
6,269
1,737
578
1,53"
2,52"
-1,271
195
1,509
Total Europe
-25, "39
38, ""5
-70,635
3", "38
71,622
-77,001
28,036
7,997
15,177
-38,599
-53,l"2
l",396
Argentina
BollTla
Braill
1,7"7
-95
21.356
809
2,
-628
"11
8,38"
-1,988
2,262
-",6"8
-1,296
7,098
l",25l
-1,"01
-",867
-7,130
165
5,081
Chi le
ColoDlila
-2,623
3, "60
-1,159
1,"13
-7,1"9
"71
8,685
-3,629
720
-",076
-1,993
-305
"57
2,961
-1,039
-6«1
-2,108
-332
-6,205
-8,28"
-19,077
-12,850
-6,"09
1"7
36"
5,223
-308
-5,253
-690
-5", 311
"28
3,02"
"7
l",56"
-5"
5,229
1,20"
918
812
1,073
-1,003
3.959
-2,02"
-221
3,129
-3,669
1,065
-2,123
-7,285
-1,878
1,958
-3,685
1,9"8
Venezuela
Other Latin America
1,500
-",858
2,600
79"
-8,52"
-922
11, ""6
9,821
-13,320
9,993
5,505
-"02
Total Latin America
21,6""
-9,095
-68,206
1,922
6,697
5,6"l
9,619
6,793
-77
-l"3
-10,935
-220
"2"
-9,970
725
5,221
-9,85"
"10
2,7"7
-20,916
6,336
1,616
5,232
1,"26
U6
-150
-1,667
173
"5
-","77
U"2
U.
Canada.
-1
-78
781
Latin America
Costa Blca
Cuba
French West Indies and
Ouiana
Mexico
Hetherlands Vest Indies
and Surinam
Panama
Peru
Asia
China and Manchuria
French Indo-China
Hong Kong
l"9
623
India^ Burma, and Ceylon.
British Malaya
Japan
10,539
"
261
67
-53
73
8,5"7
-197
-1"7
lether lands last Indies
Philippine Islands
Turkey
Other Asia
-9,621
5", 137
-928
13,315
-3.92"
-2,2"3
658
-1,299
-1,836
18, "19
-3,28"
-1,318
9,975
-1,175
",923
",31"
-",110
8,128
5,752
-2,707
-9.329
-9,357
U,809
2,985
77,528
5,011
2,572
12,56"
-3,596
-15,653
1,158
-l,"32
6"5
398
1,053
"57
-2,01"
12
205
-190
-3,083
-221
.
Total Asia
Other countries
Australia
Mew Zealand
^en^t and Anglo-Sgrptian
Sudan
Preach Morocco
Union of South Africa.
All other
.
.
Total other countries....
89
3,971
2,263
-8O6
591
159
966
3,116
10,327
1,903
-1,586
23,o"3
l,"7"
727
-17,565
"37
-l,"7l
-622
-28"
-312
-1,059
2, "66
7,858
1",22"
28,37"
-11,581
-",560
-l,o"9
7,bl6
International
Unidentified
Grand total
r
SeTlsed.
739
"61
553
-928
-"83
116,732
71.193
-132,120
".837
2O.0"9
March
i^iril
Treasury Bulletin
92
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 2,- Net Movement of Short-Term Banking Funds
U&
tboaiaadf of dollari; n«g*tiTa tigarmt ladleats a net outflow of capital froa the United States)
I9H6
19*^5
lurope
United Eln^doB
IVance
Septamlwr
October
-71,06U
-U3,280
-2.565
Bel^um
Horember December Januarjr
"•7,152
-1*5,051
-33, 11*1
-23,011
-12,678
Denaark
Finland
Qennan7
2,U05
U82
1,731
l*,259
-I173
-1*83
13
191
-167
Greece
Italy
Luxembaurg
2,926
Hetherlaade
Norway
Portugal
Swltserland
iprll
-79,000
-16,282
-2,2»4
-3.387
-58,802
9,170
-119,998
13,857
983
-97,186
-33,759
-4,793
280,684
-13,222
-7,863
125,793
-24,094
-9,153
2,206
417
-125
1,136
-3,136
-150
560
828
80
1.547
1.5J1
32
Mar
July
Joae
Attest
8,585
-17,196
2,003
-29,060
88,551
-1,311*
-49,021
-17,529
-18,119
3,090
-662
80
13,154
-191
-57
1,466
4,005
-138
2,668
679
-158
3,111
-556
5,238
2,99^
518
22,799
-301
-638
6,587
-2,842
5,061
562
-8,676
26,f
18
-4,490
4,381
-179
21
2,5*
2,301*
-21*6
3,160
170
5,021
742
-346
26,299
-l'*5
30
35
7,1*29
5,731*
-1,700
253
3,157
12,085
1,629
-693
12,949
-8,086
-343
-12,092
-5,628
-2,228
13,101
-2,979
102
-7.643
-8,693
4,324
-101,671
1,374
-333
-13,153
308
-875
-22,229
-12,466
-1,104
-8,932
-6,500
2.502
-258
Boaanla
Spain
Sweden
March
3,72l»
-"3
2,466
-2,75*
t.Ujo
Febroary
-7,292
5,891
-8,216
3,153
-37*
6,U26
ll*,203
ll*
36
17
6 .913
3 251
-ZJl*
-6,955
5,177
3,596
-78
708
-1,04«
4
-2,l44
-7,894
692
913
-6,312
194
-1,388
-4,573
-135
-3,963
-6,851
866
-12,889
10,653
-2,353
-1,626
-5,996
7,951
1,736
6l4
2,651
2,034
-1,271
196
1,873
4,295
-3.641
2l4
2,836
2,336
20,056
9l4
2,220
-2,647
12,540
-4l6
3,800
10,785
2,077
173
5.011
4,027
3,562
24,262
-2,282
466
2,4l6
-82,258
-18.620
-189,813
-l4i,730
241,321
•154,201
-81,312
12,040
31.854
-66,054
lit,
835
io4
16,163
23,970
-2,294
-663
311
208
11,983
25,818
410
12,l4l
2,662
-5,198
-453
3.392
10,782
-577
-11,320
-9,163
-7,939
12,981
3,230
295
TugoalaTla
Other Europe
-2,17't
-361
6,937
399
218
-66
Total Eiorope
-30,075
1*5,862
-511,617
21,872
97,260
-70,882
Canada
Ul»,155
67,11*2
-11,925
-38,891
-192,445
2,033
18,423
-17.354
Latin Aaerica
Argentina
Bolivia
Brazil
1,183
-72
21,155
1,118
-637
1,202
-It, 561*
-5,iioit
-1,691
2,595
-1,21*0
14,236
-1,234
-5,035
-«,6lO
-2
4,502
-2,797
-1,074
10,700
-1,838
-1,011
-5,701
Chile
Colonbla
Coeta Hlca
-2,ltl«
1,027
-7,<75
-138
2,579
-1,081
-1,120
-2,405
I ,969
-347
-1,612
-5,108
652
230
-4,720
-4,107
1,013
Cuba
French West Indies and
Oolana
Kexlco
-6,621
-805
14,797
27.439
6,283
4,229
1,035
18,682
52
9,970
-65
-932
-524
12,073
38
-18,271
420
-1,969
-9
15,793
663
-1.880
-421
5,734
-7,214
-137
-1,881
1,898
-2,821
1,413
-2,3a
1,124
884
-1,938
'341
-2,4l5
-2,465
623
-2,090
-2,118
-1,240
-481
3,619
-3,443
6,133
-751
-1,908
10,158
8,480
-4,398
535
13,506
-4,469
7,194
-3.959
959
947
8,650
-3.925
a2
-3,916
38.447
36,505
17,457
37,271
U. S.
S.
B
-1*32
6,913
7,1*72
-it,5iti
-3,778
680
-2.7lt3
l*«ii
-6,272
-7,792
-19,166
36U
-690
W*
5,1112
-308
-798
-53,1*21*
1*,15U
1,221
1,335
656
630
1,330
3,803
-2,581
115
-2,867
-2,108
2,9ltl
-2,2l*l
Venezuela
Other Latin America
1,286
-7,016
3,679
-1,883
-10,516
-1,655
11,371
351*
-14,257
9,446
Total Latin America
19,217
-5,820
-8lt,262
-12,389
-1,315
-3,912
-10,831
-212
396
1,616
725
5,218
167,271
160
2,(24
-20,339
6,336
1,682
-18,983
3,221
2,316
-17,823
2eo
1,528
-18,fe3
1,024
-1,471
-39,672
4,538
2,310
-40,250
-151
-59.614
7.771
106
5,2T«
67
-U9
1,1*22
1*6
-1,619
173
-10,931
-75
-4g
3,562
-359
-'%
443
63
8,344
-197
-130
8,563
191
-81
-4,462
442
70
.41
8
-l4l
-4,936
-1.015
5.639
-6,302
9,681
4,225
5,155
-1,761
659
-9,270
-8,725
4,8l4
2,907
-1,717
-33.159
3.920
7,452
3,076
18,475
1,068
-5,004
-37!4iS
5,090
5.744
-3,4l4
-74.654
14,251
-25,038
Netherlands Vest Indies
and Surlnaa
FeLnania
Peru
Aata
China end Manchuria
IVench Indo-Chln*
Hong Kong
India, Boraa, and Ceylon.
ik-ltlth Maleya
J^an
Netherlands last Indies..
Fhlllppln* Islands
Turkey
Other Asia
Total Asia
3,U76
-1,093
9,7i4
t7
iWt
10,581
It
265
-m
-lit,
237
33,
,525
'
',23«
'Ml
13,21(9
-1,1*82
-680
11,883
-3,328
-1,311
1,300
-3,712
9,010
5,787
-2,662
2,247
5,790
-16,128
-1,567
-4,784
77,765
10,757
lt,30l*
2lt,762
174,728
-14,578
-4<,oo4
10,153
-40,894
-116,073
-54,871
-60,822
1,176
-l,U36
512
399
980
-1,985
12
245
-197
-3,a6
1*66
-150
-1.2*5
-162
2,183
165
-3.149
948
422
2,745
3.329
-1,622
4,967
-1,369
-831
582
173
-6a
-1,033
-1,125
892
46
1,048
-1,^3^
442
2,446
8,089
202
-139
-2,923
924
-1.362
930
l,l48
1,206
-5,067
-1,267
825
-3.167
271
-2,288
447
224
3,353
-1,873
-9,1*91*
5lt,120
-935
9.975
-61*7
lt,958
-lt,76o
Other cotintrtos
Australia
Few Zealand
iQrpt '^^ An£lo-I|yptlaa
Sudan
32
3,859
2,270
1,028
1,910
3, lilt
-l,5p
'%
22,969
-17,19t
-1(61*
-286
-279
-1,119
28,068
-11,079
-4,117
-1,054
French Morocco
Union of South Africa
All other
10,276
Total other countries....
lU.lJO
International
Unldantified
Grand total
7,784
-4,928
1,807
-6.039
450
183
6,350
16,208
54,346
-22,076
-3.064
145,409
9.166
80,329
669
-1,989
7'»2
1*58
553
-928
-491
1,071
427
2,973
-2,232
460
125,99')
11*6,1*67
157,226
-9,691
76.683
-62,276
-28,782
-47.033
-284,907
-62,939
245,779 -159,116
September
Februanf 1947
93
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Sunnary by Countries - (Oontinuedl
Table 3.- Net Movement In Brokerage Balances
(la thoQBandi af dvllara; aegatlT* fl^urvs iadleat* a mat antflov of oapltal frea
Smptrnkktr
Ttaltad KlaedMi
K3
Traaea
Belglo)
-53
101
Oeta^ar
21
129
-115
-126
-199
-78
'n
a«ra&D^
139
-26
5
17
Oraaca
Italy.
-10
11
11
3
1
1
22
76
I152
-1,067
-lU
-35
-11
-19
7«
latherlanda
13
orva^
Portugal..
Siraanla
..«
Jaanazy
Saraiki
DeiUDark
riiiland
Lnxaiaboiirg
131
v .
Svlttarland
0. 3. 8. E
TiieofllaTla
1,WU
91
-ICO
131
13
18
-150
U6
-15
-16
-16
9
12
-2
-2
1,90U
555
-1
-5»7
781
18
-55
18
-9,81*7
-lU
6U
-76
-390
56
-16
Ihitad Stataa)
Hareb
i^rll
-<97
-595
-17
Joly
Hiir
Canada
-611
-1,636
187
59
-28
-596
-108
-2
2
-3
7
-1
10
-12
101
-2U
-257
-11
-51
26
22
23
-39
10
76
62
26
1
-131
1
-60
-215
-USD
-U2
-7U
283
-180
-6
-18
36U
27
-lU
1*
168
-I1
1
13
239
9
-61
-125
-1
-196
198
-363
-112
-60
39
95
-72
13U
-2U
2
38
5
39
8
2
-1-5!
-13U
ig
-lU
-6
-56
1
77
-115
102
129
-91
558
1.196
-U9
230
1,181
311
-21
2,189
991
-1,312
2
3
-33
99
35
92
1.195
-5lt
861
2,lU5
20
-35
-109
-2
••<
309
-700
277
-96
17U
88
-33
13
50
Saptanbar
-8DU
-75
-20
-15
-30
iacaat
3'»
18
-67
336
-19
1,100
2, 761
309
1,038
6,105
-7,992
368
-923
1,168
738
-523
kfio
-321
-7
-7
1,096
875
-U9
-186
-76
Other laropa
Total laropa
Tabrvary
U97
3fo
256
••••<
SpalD
Svadea
ttaa
19H6
19»»5
1
21
U
-1
119
1
-21
Ul
lUU
-63
87
-1,228
20U
1.312
616
1,868
-107
1,008
-i»7l
128
-1.031
l,26U
-712
-7
-166
-167
192
118
-211
6gU
883
-1,821
602
-120
3.296
-5
-737
-272
:^7i
-369
-2
-5t7
26
-60
-518
251
381
-71
-55
-7
83
21
1U2
-551
-65
JUL
latin Amarlea
Argentina
BollTla
Brasll
Chlla
Colombia
Coeta Rica
10
7D
-6
-U
-22
90
-3U2
51
-21
l.Uog
-195
-336
-955
-5
2,072
8
3
1,326
116
-858
-672
-11
511
-13
-123
253
201
-20
780
-92
196
75
-100
18
Ul
-110
lU2
-9
-Ul
6
5
9
-36
21
6
-235
-1
38
1)98
-1*2
35
-579
278
-665
50U
-1)0U
-295
-290
323
52
UUl
-9
33"*
Pern
172
2U9
-23
Teneznala
Other lAtln America
U82
UO
-957
-86
1,518
36g
-907
Total Latin America
2.187
2,l<18
Aaia
China and Manchuria
Trench Indo-China
Hong EoD£
-1
U2U
-13
72
Cuba
-Iks
-70
-U9
-15
118
10
2
77
35
^ench Vest Indlaa and
Qui ana.
Mexico
Hetberlanda Vest Xndlea
and Surlnani
Panania
India,
11
8
Tarfcey
-8
-IU3
-32
877
-1,157
-l,2gU
-5U5
219
1.060
-356
1,1JU
-552
106
lOU
-331
13
138
939
-9gk
-U38
-1,590
U,2U3
3,105
-133
-632
-1.675
1,307
5,179
-278
-8
258
-20
-76
-3U5
550
-U09
315
-637
378
923
5
i
3
65
-38
78
53
13
-22
69
31
-6
-81
23
kg
-U
-9U
179
-3
-228
139
-209
1
5
-9
1
1
19
1
-1
222
2
3
-339
-233
-1
16U
67
-7
-213
Other Asia
53
Total Asia
-62
66
-23
-Ul
-59
83
-UU
35U
-706
687
-879
168
-639
Other conntrlee
Australia
<
Hev Zealand
Egypt and Anglo- Egyptian
Sudan
-37
15
-8
-53
-5
68
-28
-13
16
2U
7
1
-U
-31
-70
19
-609
939
55
-152
-169
1
-36
251
U9
99
-5U
-l4S
31
-60
-U
-6
7i
837
-1
53
335
-162
300
557
11
29
25
7
22
-2
-175
-35
-2
13
-10
2
13
Prench Morocco
Union of South Africa....
All other
3
3
251
-1
-35
-11
191
-6
-1.165
130
-225
Total other ootintrlea....
217
-26
187
-1,119
175
-200
2
tJnldentlflad
Grand total
r
Beviied*
-2
-U
9
60
-227
1
659
21
-12
70
65
13
91
-23
197
.
".636
5.075
-8,932
5.956
1,793
81
1
-1,311
-95
18
15
3
5.'^9
-1.628
29
Ult
132
379
^ama, and Ceylon.
-112
80
-26r
102
-139
e
-3
British Malaya
Japan
latherlands last Indies..
Philippine Islands
6 399
237
207
12
ZJ5_
-6
l,72«r
-7't2
UU6
-1UU
5,836
3.658
Treasury Bulletin
94
Capital Movements Between the United States and Foreign Countries
Section II.- Sunmary by Countries
(Continued)
(Continued)
-
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Forei gn)
as Reported by Banks, Brokers, and Dealers In the United States
(In thftusande of dollara; nagatlTa fi^orei lAdloata net aalas
foralgnara)
1)/
191^6
19115
Septembsr
Uaitod Kii^da
Prance
BelgltM
-1,852
7,H27
138
-1U2
685
Denmark.
Finland.
Germany.
Oreeoo
Italy
Lnxemboorg.
Sweden
.
Switzerland..
U.
S.
S.
E...
Canada*
latin America
Argentina.
BollTla..
Brazil..
Chile
Colomhla.
Costa Eica.
Hetherlandt V«et indlet
•••
and Surinam
Panama. «..•..••....••>
Peru
Jwu
-5,381
-3,210
-615
-3,573
-3,U68
2,095
798
-9,672
-22
-1,U32
U75
71
-149U
39
8
131
8
1,276
2I47
232
219
-3
-20
-5,273
11,256
U13
-6,650
-3,9'<5
-5,982
7U2
62
-393
-',890
-8
-195
-115
-39
10
Ul
35
2
-23
3UU
ll40
191
78
-UU
-21
lU
-90
1,1U9
8
-3119
3
18
6
lOlt
-21
607
138
8
-7U
-298
78
-63
-60
1,071*
3
lUi
71
.6h
82
-2,127
-51
-50
-2.233
-85
102
15
6
-2
-6
57
-37
-3
-ll25
-1,573
897
-3,187
2
2
89
18
70
148
3i»
56
652
-2U3
-71
-186
-2
-UI46
-1,273
-go6
-359
1429
29
15
388
-23
-327
-19
91
121
2,6*3
16
-62
-175
20
2U3
6,307
-1,191
119
-1U7
-68
-7,753
100
-732
-2,558
-UO8
-380
3
5
-iU,938
-2
3
-12
-2,021
-7
-2.133
2,085
-383
-2
-116
-3,175
-2,6lU
-1,681
-37
-l.OOg
-iiS3
12
1,023
1
-215
-555
-2,037
-62
-2,137
1,875
-7,726
-16,856
6.I161
-17,6146
-6,it6i*
-17,751
-12,265
-11,291
-3,558
-5,995
-25,067
-l6,i<87
-58,222
25,93'«
-iiit6
139,826
12,U70
-5,957
-'',959
39,68U
-23,2114
-^7,567
11,518
lOU
-16
208
12
-1
113
12,073
1,529
-117
22
-1
1,288
122
l,ll42
36,2214
I49
31
3.22J
1,923
16
3,115
-2148
1
-1U7
261
335
790
536
761
138
1,505
255
1,023
2114
-57
llOl
1,313
1W4
l4lt7
705
l4l4S
208
291
31
21
338
9
178
-19
-19
1,895
362
-3
18
2I4O
-17
709
-25
27
213
-3
1»92
I4O8
11
h
U
-U31
-50
5"
1,966
-66
1,617
-79
-IU3
152
336
66U
-I2I4
-693
-14,051
-592
-16
-1.118
U,gi-i
5,838
3, '•99
>t3
665
-3,283
-2,789
-652
-69
-«5«
165
-11
5U5
-585
-6
-11
-2,66-
-M
tl
211
llU
-68
16
-9
20
-996
-2I43
156
179
3,737
95
60
-28
-2I4
-«
-2,3214
29
106
-20
2,561
3U8
-798
-963
-6148
365
982
8,573
2.OOI1
656
g9U
125
-1.120
1,919
51
-I1.21I4
506
3,366
Total I«tln America.
2l«
-3,2llO
13,638
15,295
8,1450
11,103
3,278
10,219
-7,lto6
I4.2I46
-90
3,2U1(
1714
-ll,8l4U
177,105
-501
-752
-3,U9U
-3,689
-1,810
-131
-103
-9I4
-183
-126
-11,106
-130
-50
180
15
-2
30
119
125
760
-2
-8
2
Total Asia.
. .
Other countrlet
Australia.
Hew Zealand
YSTpt and Anglo- Egyptian
Sudan
-1
18
-6U
23
-3
250
-80
-IM)
-39
-2
-l42
66
-U
-It
-69
-19
-l.OOU
-715
-627
13
-9,232
-313
-1
219
-175
-6,191
-1,557
12l»
66
-il
19
-17
-399
-822
-31
-39
-12,533
-178,162
-140
-69
-200
Total other countries..
-183
3
-195
-368
-195
-57
-14,5148
195
-53
-139
-1,375
-862
-3,96l4
-3,968
-12,1462
-6,392
111
-258
129
10
123
2
-22
U
-16,398
-25
-60
145
-211
-87
23
-7
.l4lt
-19
-3
-I46
-203
78
-7
7
109
332
-689
676
-6
-32
&
32
llO
-1
1
21
-119
-25
13
3;^
-78
-16,055
-87,383
2,558
19
Ihldentlfled
Grand total.
-2,007
108
3
I49
-76
-29
1,007
-17D
15
-8
31*
-2l49
-ll
-1,669
110
-5
-180
-10
-562
-7
38, 551*
-76
1
12
56
-62
97
2
-8514
-69
-25
French Morocco
Onion of South Africa.
All other
1
459
62
17
1
523
-20U
-53
U7I4
Hetberlanda East Indlee...
Philippine Islands
Turkey
Other Asia
-145
209
-51
63I1
-122
2,763
Brltiah Malaya
Japan
12
-210
-2lt8
-522
-201
-Ul
-268
2,118
India, Buima, and Ceylon.
-6,3140
-2,306
251
-21
-U,ltU2
Yeneeuela
Other l«tln America-
Asia
CElna and Manchuria. . .
French Indo-Chlna
Bon£ Kong.
....•
Septaaber
-2,l410
7
-517
-U70
11
-2,9314
in^it
JtLL7
35
-158
Otiiana
Mexico
HV
^rll
March
1*6
a
Cuba
French Weet Indlea and
febnuzy
12
6U
YugoBlavla. ..
Other Xurope.
Total Burope.
-U,262
-7,821
Jami&xy
2
3
.
-6,399
-3U7
60U
Decem'ber
36
-2
Rumania.
Spain.
Borember
21
-2,820
-122
Hetherlande.
Sorway
Portugal ....
Octolier
-114,731
-75,OU7
20,U70
9, "453
-147,702
15,760
-21,508
-11,172
17,097
-214,307
February 1947
95
Capital Movements Between the United States and Foreign Countries
Section
II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 5.- Short-Term Claims on Foreigners as Reported by BoDks and Bankers In the United States
(PoBltiOD at
«n<l
of Booth In thousands of dollars)
I9U5
SsptcBbsr
anrops
United ElagdoB
France
Belgium
Denaark
Finland
Oeraany
531
Octobsr
21,500
999
529
I9I6
Boveaber
Dscoflbar
25.9''7
25.1139
1.075
602
1.055
757
631
1.761
25
6
33.853
1.033
1.265
33.851*
691
333
68
722
328
72
January
25.850
February
Hay
April
July
26,325
660
2.593
28,585
728
3,582
31.633
859
1.591
32.571
879
1.952
30.156
9I0
7,707
1.039
1.391
33.855
1.059
1.219
33,856
1,080
33.812
53
2,021
33.852
108
1.129
33.851
770
798
llOl
'•35
2,025
575
1,500
1.033
85
72
72
72
1.105
2.135
61
13.360
118,188
1.176
552
119.365
271
75
58
2,917
5.552
9
3
1.523
1.521
2
33.«50
33.85"
8
33.85lt
632
69
628
123
69
577
65
256
636
36. 1*93
36.333
31.590
35.731
36,091
61*
'1.235
35,767
6,228
a6
390
1*67
1*10
Uu
''}3
195
398
37
27
30
864
1.011
6U
1,602
915
25
331
28
1.012
532
1,830
1.133
1,360
1,102
30
1.512
1.280
115
l.Ull
2,119
Svltterland
3. S. U
TogoslaTla
Other Europe
2.710
3.036
1,6115
2,926
6,201*
11,931
5.573
6,196
6
82
16
11
11
8
lit
8
7
7
18
17
7.960
11
6,182
72
15
111
9
7
6
5.110
U,982
''.90 3
1.693
",765
11.878
1.875
5,001
5.060
1.953
Total lurope
71,681
&9.763
109,558
1110,711*
115, 8U2
120.192
126,057
131.796
215.312
221,231
39.581
32.156
38,02l|
53,337
71*, 31*5
71,330
62.883
61,663
50.066
53.552
12. SOU
icsuu
20,525
20,956
2i»,156
1.138
21,730
1.796
18,181
1.2ll9
1.3116
22,032
2l*,65U
1,67s
26,803
17.981
1,165
29.671
21.732
2.729
29,980
26,768
2.862
31.877
20.121
1.975
30.901
20,117
3.059
28.396
7.017
19.953
1.359
6,728
21,^
Greece
Italy
Luxeabourg
HeUierlande
Horway
Portugal
fiuaanla
Spain
Sweden
9't2
D.
Canada
Latin Aaerica
Argentina
Bolivia
Bratll
Chile
Coloabla
Costa Bica
Cuba
French West Indies and
&ulana
Hsilco
Setherlands West Indies
and SunnaB
Panama
Peru
3'*3
69
7't
6I7
2,091
2,958
521
8
'75
6,797
7.179
6,590
6.999
6.197
16, 688
lit, 1911
19.1102
16, 823
17, 501*
18. 067
l,5lU
l.i»15
1,183
1,237
1,382
1.169
7.062
20.110
I.I2I
1.2l2
8.021
23,189
I.52I
18. 303
16.993
27,21*6
33.315
33.865
32.936
37.121
22,90l
27.582
29.336
2U
57
10,51*5
13.883
65
11,252
72
11,111
51
10,606
66
11,002
128
9,015
29
9,670
13.528
19
15.015
336
979
1,680
1,9113
7.
31U
H5I
3U1
375
1,076
1.927
3.319
2.789
3.501
500
2.875
3.803
116
1.135
J. 616
l.ll5
3.8I5
111
1,780
3,188
6,570
29,512
6,861
25.935
7.699
33.i«)6
26. 089
7.392
26,510
7.719
21.189
7,909
22,121
11*5.828
158,916
l6i*.729
161,190
178,111
166.122
158,030
161,721
982
7.693
827
1.115
22,811
176
1,151
25.610
19
I.5I8
23.920
1
9.711
19
791
22,587
1
817
1.702
190
805
8,047
lUO
539
7.155
lUO
532
7.051
139
532
7,1*89
7.938
1U9
305
6.956
6.812
333
305
235
305
Setherlands last Indies.
Philippine Islands
Turkey
Other Asia
1.U13
13.577
2.301
2.885
1,1*09
13.0211
Total Asia
761.
363
823
1,317
l,3't2
Tenesuela
Other Latin ABerlca
5,22't
2lt,072
25,l*Ufa
6,057
27.330
Total Latin Aaerica
120.570
113.563
1.077
1,176
1
1
817
India, Buraa, and Ceylon
British Malaya
Japan
Asia
China and Manchuria
French Indo-China
Bong Kong
5.670
6,051
135
529
157
16
2(1
1.953
2.O3B
7.215
190
302
6,618
336
7.366
303
300
1.391
15.967
1.083
3.332
1.371
16.085
866
3. 921
1,390
16.696
856
3,625
1.381
16,667
939
3.517
88
1.1*00
1.393
1,392
13,8117
2.01I1
18.1*59
11, '129
13,658
1,681
1.990
2,652
2,li7»
1,391
20,080
1,120
2.833
30.797
37.31''
29,11*8
29,869
'K).551
13.575
53.599
57.133
51,110
56.236
711
1.631
1.025
Other conntrles
Australia
Bew Zealand
Bgypt and Anglo-Sgyptlaa
Sudan
738
615
907
715
1.682
656
2,086
638
1,787
710
1.317
671
1.153
585
1.790
3''7
591
1,901
579
328
152
217
316
198
251
210
198
213
296
French Morocco
Union of South Africa...
All other
29
6
61
4.iit9
H.7113
1.352
l,2lll
39
5.001
1.676
62
''.522
2.21*3
",959
2,6l8
50
5.319
2.19B
72
5.821
2.51I
62
6.650
2.397
31
7,797
2,389
Total other countries...
7.319
6,87l»
8.555
9.702
10,560
10.315
10.608
11.315
12,811
259
199
3I2
259.952
331.320
392.766
"06 286
"06,801
131,930
131,270
"90,703
Unidentified
Orand total
278
270.226
207
,
151
"53
3,8"0
8,
15
Aufust
Septeaber
Treasury Bulletin
9b
Capital Movements Between the United States and Foreign Countries
Section II
-
Summary by Countries
-
(Continued)
(Continued)
Table 6.- Short-Term Liabilities to Foreigners as Reported by Banks and Bankers In the United States
(Position at and of month In thoueandB of dollarE)
195?~
I9"t5
September
October
January
Tebmary
HoTenber
Qscember
699,617
327,256
182,997
707,691*
310,01*0
679,0115
630,1*99
553,759
36C,li53
181*, 865
380,667
167,558
553,120
305,782
166,263
176,1*12
I3I.36O
319.659
177.786
335,059
285,961
175,718
661,071
275.207
169,008
525.328
250,769
160,098
570. 311
398,293
185,029
11,555
10,737
6,770
11,2l3
17,375
10,116
6,620
I8.55I
11,907
6.905
19,715
50,361
11,871
6;i36
92.087
13.112
6;i67
56,793
6,613
69,666
97,180
22.359
71.932
100.507
22,3l2
76,677
123,116
22,0ll
75,511
130,191
22,099
2n
60.095
136,951
22,613
61,113
165,511
22,932
1711,31*1
61,387
178,863
21,675
282,1*2
175,002
15,251
291,959
171,016
15,378
al,909
256,090
161,051
18,582
231,137
il8,e65
17,611
227.080
112,283
50,202
238,996
159,290
19.667
268,366
161,615
19,188
9,218
37,355
212,880
9.222
10,029
36,205
199,991
10,151
35,167
195,957
10,001
32,330
191.700
10,870
20
20.732
-"
201 1*1*3
8.189
18, 22^
196. 29I
8,700
18,896
183,110
321,111
11,882
53,563
323,231
57,128
7,257
57,122
332,538
59.199
7,129
62,326
336.7I6
90,205
8,275
65,915
359,032
17,920
8,739
67,658
351,069
37,165
8,161
71,667
i*iril
Ks7
Jnlj
Anguet
September
Europe
United Kingdom.
Prance
Belgium......
/•e.lST
7'iO,22l
313, "fl?
2U,6l5
360,321
195,602
Denmark.
Tlnland.
Germany*
i6,«25
7,153
6,856
20,070
61679
7,051
2U,327
6,202
25,921
1*0,083
5,^8
6,88ll
6,963
6,606
6,907
Oreece
Italy
luxeobonrg.
66,097
68,669
61,980
22,853
70,977
65,360
23,023
70,790
70,371
22,277
228,051
182,673
269,61*2
293,911*
176,1159
"15,166
1*8,1*97
281,567
216,071
U7,g81
9,227
9,21*0
9,291
2it,iat3
9,313
31,712
.
22,896
HetherlandB*
Norway*
220,563
69,961*
71,108
22,311
11.2ll*
72,
22,756
275,520
158,668
6|lU7
Fortiigal. ...
18U,36it
U5,lt6U
Rumania*.
Spala....
Sweden***
9,236
32,589
199,062
2l3;it66
31,208
217,196
210,11*5
37,U7
a3,959
Switzerland*.
S. S. B...
Tngoelavla..
Other lurope*
277,668
281*, 1120
289,966
30l*,228
3l5,'t57
25,itoU
*,373
2U,8lt8
28,012
29,713
5,216
UU,95i
5,229
5,>''il
5.p5
6,3»>9
316,218
28,179
6,555
UU,it62
*U,317
"3,675
16,398
1*8,381
321.155
21.829
6; 766
51.217
2,901,012 2.511,956 2,529,931 2,582,962 2.655.350 2,588,818
2,512,125
2,902,511
2,393,217
2,257,136
2.551,379
2,391,008 2,197,115
1,192,073 1,551,790 1,515,733 1,522,155 1,350,718 1,319,736
1,359,712
1,311,138
1,218,229
1,263.755
1,281,303
1,219,566 1,177,515
83,937
13,571
92,623
11,910
222,011
116,589
10,700
218,816
121,371
12,288
231,061
&
U.
Total ftirope...
Cnnadfl***
l^tia America
Argentina.
Bolivia...
Braiil....
Chll
205) IW
7.55
77,188
17,879
179.157
15,611
185,603
77,332
11,198
195.138
91,768
13,596
192.252
79,983
13,381
199,622
ao,63i
81,135
12,693
206,827
63,208
63,557
83.078
6,631
71,111
81,508
7,079
66,281
79.186
6,889
66,552
82,116
5,953
61,630
80,601
5,693
63,883
77,539
6,297
60,313
72,113
6,005
55,301
69,997
6,901
i;3t
6,730
62,103
75.211
6,751
1^,176
115,371
136,161
128.293
122,222
120,188
139,173
152,692
163,653
169,636
7,820
16U,119
7,329
l6U,306
6,631
111,818
7.120
116,368
7,231
125,881
7,098
128,287
6,582
110,729
6,627
122,317
7,029
I19fr65
32,919
89,072
38,797
33,598
12.625
30.990
90,732
15,901
28.238
88,721
13,926
20,911
89,135
13,121
22,81*6
90,ii6l
87,176
15,019
20.650
91,181
11,875
21,720
90,325
39,780
11,327
I38,6iu
18,152
138,105
38,323
138.331
19,688
111,761
35,990
150,316
12,371
115,988
11,301
156,300
1,110,567 1,097,710 1,015,713 1,016,112 1,050,910 1,013, U89
82,305
117 8T9
110,761*
19,073
255,861
111,518
13.523
230,961
6,536
51,221
65,223
6.687
167,021
175,613
160,602
6,985
137,075
7,617
135.301
7,113
113,070
7.806
112,191
19,196
88,913
10.320
16,738
87,083
10,586
11,692
81,813
39,236
11,106
81,280
38,793
13,730
85,371
39,113
19,177
152,393
50,339
160,508
16,060
168,637
12,328
171,189
1691367
52,151
167,339
1,093,952
1,077,717
1.108,072
1,151.271
1,171.351
li,'*99
i
Hetherlands Vest
Indies and Surin
Panama. .....••••.•
Peru.
Venezuela. *.....*...
Other I«tln America*
lotal Intin laerlca.
China and Manchuria.
Trench Indo-China. .
Hong Eong*..**
India. Burma, and
Ceylon
*
British Malaya....
Japan....*******.*
Retherlands last Indies
PhlllpplDe Islands***
Turkey
Other Asia
Total Asia*
1*7,1*81
78,030
17,858
181,501
Colombia..***
Costa Eica...
Cuba
French Weet Indies
Guiana* ****•**...
Hexico***
*
182,936
*
588,161
27,607
21.882
591,685
27.523
21,731
581,380
27,900
22,115
582,276
28,036
27,355
756,258
28,196
30,167
737,967
31,550
31,828
732,087
37,928
31,801
717,030
36,126
695,381
39,Ol2
35,360
28,857
920
1,211
33,213
987
1,158
31,561
1,032
1,077
33,380
1,201
1,137
29,367
1,657
3,983
'I'M
3,853
25,651
1,171
3,805
31,620
1,617
3,661
99,296
612,115
50,175
76,685
101,117
615,131
50,161
83,717
103,758
659,718
17,186
72,997
113.726
629,175
52,177
77,999
110,013
612,797
57.275
75,119
100,715
635,693
62,181
78.385
99,028
598,121
66,067
86,336
102,0*
1,510,512 1,563,116 1,551,351 1,519,722 1,735,132 1,723,578
1.226,997 1,180,728
37,755
33,238
561,812
51,956
31,117
525.332
12,936
37,868
37,585
1,101
3,670
36,097
1,59?
3.526
33,161
2,176
9.165
28.275
10.306
13.390
35.836
9,258
9,537
103,615
580,211
71,998
87,369
100.222
505,528
69.278
86,817
111,263
182,366
6I.U7I
89,166
120.116
166.899
62.926
81. 631
128,898
617,011
66,918
81,921
i,6»5,59«
1,699,285
1,655,668
1,511,121
1,187,157
%-^
13
611,921*
17,221*
1*651226
60,993
80,573
1.137,182 1,396,119
Othsr countries
Australia
Hev Zealand
Kgypt and AngloEgyptian Sudan.
28,196
3,070
29,005
3,737
30,151
1,303
28,911
1,256
29,993
1,0U1
26,078
3.963
21,323
3,765
26,612
3,811
23,830
1,795
21,366
7.528
28,665
6.129
33,615
5,198
39,910
5,511
13,609
17,292
19,627
18,895
19,399
19,585
18,923
17,878
16,768
17,713
17,713
18,979
20,207
Trench Morocco
*
Iteion of Sonth Africa.
All other
5,792
8,102
89.982
7,679
9.973
6,351
96,181
9,686
6.291
95,1*1*0
10,117
9.097
103.109
10,311
9,160
100,502
11,255
8,927
101,315
12,375
11,280
96,210
11,228
12,761
91,521
11,157
10,055
93.181
U,605
112,813
9,363
8,018
96,081
13,133
91.919
13,118
21,509
85,913
Total other countries**
119,351
176,971
167,576
161,606
161*, 1*10
171,919
167,311
169,858
165,288
168,150
167,830
171,779
189,197
19,938
36. 116
90,192
68.116
65,352
210, 761
219.927
300,256
269,012
16,721
17,732
18,302
21.1II1
18,772
19,216
19.939
18,151
18,626
6,780,693 6,952,186 6,861,128 6,883,068 6,993.209 6,931,118
6,927,795
6,883,102
6,651.628
6,11*8
International
ttaidentlfled.
Grand total.
.
17,ll8
17,610
18,088
17,181
6,908,181
6.767,799 6,689.272
February 1947
97
Capital Movements Between the United States and Foreign Countries
Section
II
-
(Continued)
Summary by Countries - (Continued)
Table 7.- Foreign Debit Balances (Balances Due From Foreigners) in Brokerage
Accounts as Reported by Brokers and Dealers In the United States
Treasury Bulletin
9S
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Sumnary by Countries - (Oontlnued)
Table 8«- Foreign Credit Balances (Balances Due to Foreigners) In Brokerage
Accounts as Reported by Brokers and Dealers In the United States
(PoaltloB at and of aoath 1a ttaooaandt of dollar*)
I9H6
I9H5
Saptoaber
faropa
Dnitod KlBcda
franca
Bolclua
3,862
9.1106
1.606
Ootobor
loraabor
Dooaabor
3.922
9.512
I.USO
"•,322
9,347
1,260
5.593
9.850
1.531
Janoarj
7,009
10, 564
1,672
Fabmary
March
Na7
iprll
Jolj
4.902
Saptaabar
Anca*^
6.759
11,044
1.543
5.795
10.462
1.523
5.270
10,626
1.559
5.023
10,505
1,444
5.107
10,565
1,466
10. 738
1.926
4,576
10,005
2.197
240
167
34
275
166
161
161
148
146
54
290
1
1
3
2
2
297
319
316
326
302
12
325
782
264
657
Deaaark.
rialaad.
Ooraaaj.
217
6
312
ns
6
286
163
18
298
274
24
321
241
70
Orooea
12
179
756
22
190
766
25
58
235
67
247
806
899
25
316
768
26
861
65
245
824
26
191
823
342
769
282
543
I8.596
955
19.052
910
160
17.984
1,023
19,859
1.563
145
10.137
1.664
201
10.028
1.661
125
9,9«6
1,608
143
9.491
1.530
69
9.779
1.270
63
9.795
1.500
90
59
118
368
59
120
43
1)41
59
152
512
la
It29
549
43
160
484
45
124
671
45
108
647
45
102
574
45
103
528
612
48
113
646
Svltiorland.
U. 6. 8. £...
Tu^otlaTia.
Otbor Inropo.
23.508
22,887
23.637
25.965
26.274
26,689
27,920
27,720
28.088
29.036
29,399
31.401
>*}
'»3
45
581
1.648
1.519
44
1,638
44
1.635
44
1,625
44
1.736
48
2US
24
1.679
1,628
49
1,565
49
1.626
Total Boropo.
60. 477
60, 581
61,560
68,694
61.535
61,936
61,610
60,307
60.291
61.263
62.052
62,846
5.3Z6
5.615
6,872
7.696
8.386
7.437
6.907
7.322
6,919
6,347
5,805
5,387
''.519
•,358
6U
5.196
66
1,870
4,370
4,7»5
65
1.541
5.590
65
1,436
6.469
1,790
5.076
56
1,740
6,229
49
929
6.400
30
1.649
5,750
4o
1,425
7,275
35
746
567
950
779
259
80
743
278
38
620
6o4
361
38
800
346
40
265
87
267
66
555
254
59
545
294
59
1.193
1.075
1,385
845
527
Italj
Luoaboar(.
Botharlando.
lorvay
Portugal ....
Boaania.
3paiB...
Swodan.
171
59
115
.
Latin Aaorlca
Arfontlaa.
BollTia. ..
BraslI
Ohllo
Coloabla.
Cotta Rlea.
56
1.581
l.l|lt8
146
73
306
621I
661
80
23
132
576
133
29
4l
126
24
1.519
1.596
1,747
1,691
3
3
2.561
2,07*
1,814
2,113
1,822
lothorlande Voot Indlei
and Surlnaa
*
Panaaa
Peru
319
6.163
132
800
6.505
lOU
814
6.79«
l4o
199
7,838
140
194
7,969
Vaneinola
Other Latin Aaorlca..
1.7H3
9IW
2.115
1.016
2,640
Total Latla lAorloa.
20.323
20,905
Chla« *ad Kanoharla.
Tr«ncb lado China. .
BoDg Koa(
717
1,189
.
Cuba
French Vast Zndlto and
Qalana
Mexico
1.087
51
1.443
a
9.96B
1,112
30
45
111
21
9.608
1,060
125
14
2,268
3
1
1
3.431
5.305
5.310
4,788
4,483
33
5,563
255
7.998
186
221
7.887
118
209
8.249
181
187
193
7.970
274
173
8,716
183
175
8,905
259
239r
9,0»1
145
2.632
1.095
2,348
1,746
2.103
1.566
2,133
1,522
2,405
1,111
2.563
1,000
2,875
1.075
2,964
969
2,932
1,124
22,666
22.661
23.764
23.054
24.741
27.681
26,567
28,212
26,684
28,558
908
1,449
1.849
1,774
1.154
1,940
1,752
2.297
1,980
2,026
8
Us
52
44
47
47
89
13
61
84
117
95
164
ladia. Buraa, and C«jrlon.
33
25
26
27
25
24
5
5
5
5
5
28
33
24
5
25
33
J
25
68
2
28
25
5
25
53
2
26
38
British N&laya
Japan
J3
5
28
Hetharlande laet Indlsa,
Philippine Islands
Tarksy
Othsr Asia
6
1.395
159
1,268
12
2.195
12
1.963
11
11
2.127
2,192
4
1,976
11
195
Total Asia
2.468
28
26
2
44
7
7
8
7
9
I
1
1
1
1
1
131
I.6I8
2
223
1.777
2
159
1.533
6
171
2,875
11
1.445
60
212
263
3*5
301
230
170
253
2,90>>
2, 661
3.272
3.812
3.915
4.369
4.5«9
4,176
4,879
4.510
4,508
"5
42
48
56
84
6
31
38
111
35
50
93
42
79
42
111
5
106
36
71
6
44
58
39
95
94
93
106
109
107
141
175
161
l4o
150
166
67
"3
71
31
73
25
73
29
75
80
1,056
879
970
85
24
1,050
86
80
934
42
832
85
11
2.078
78
23
891
1,132
49
1,122
2.327
1.22S
1.389
1,198
1.273
1.288
1,362
1,420
1,603
1.521
98,956
101,258
Other cooBtrlas
AnstralU.
Hev Zealand
iQrpt and Aoglo-lgyptlan
Sudan
French Morocco
Union of South Africa.
All other
1.922
67
42
1,887
Total other countries.
2.17*
2.137
Bnldentlflad.
Grand total.
W
90.82U
55^
92,197
55^
96,l4l
55_
103,603
53_
98,939
27
n
»
97.595
71_
99.386
71_
102,192
87
74
74
100, 728
102,894
February 1947
99
Capital Movements IJetween the United States and Foreign Ctountries
Section III
-
-
(Continued)
Details for Month of September 1946
Table 1.- Short-Term Claims on Foreigners as Reported by Banks
and Bankers in the United States
(In thousands of dollars)
Treasury Bulletin
100
Capital Movements Between the United States and Foreign Countries
Section III
-
Details for Month of September 1946
-
-
(Continued!
Table 2.- Short-Term Liabilities to Foreigners as Reported
by Banl<6 and Bankers in the United States
(Position at end of month In thoueandB of dollars)
(Continued)
I^bruary 1947
101
Capital Movements Between the United Statee and Foreign Countries
Section III
-
Details for Month of September 1946
-
-
(Continued)
(Continued)
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners as Reported
by Banks, Brokers, and Dealers In the United States
(In
iboawidi of dollart)
Sales b/ "forelxners"
Parchaiet b/ 'forelCBcrs"
foreign ecorltleB
DoBeetlc aecurltles
Total
sales
purcbaiei
Stocks
Bonds
2,76s
250
"91
2.277
250
5
»7
2
10
272
"
U
fotal
Stock!
1.118
b.500
363
920
1.0U5
35s
309
U
37
27
l>t
li
63
6
63
76
2
63
29
2
Netberlanda
Honiay
Portugal
999
a6
«39
390
26
535
295
Boaanla
Spain
Sweden
61
565
51
36
"12
15
8
1"5
9.1*146
7.326
6.158
1.168
2,120
Inri
'alted XlD^doa.
3.ts6
6.750
fraace
Belflna
"150
Daaaark
Finland
Oervanj
Greece
Italy
Liueabonrg
13it
198
"55
30"
95
Stocks
Bonds
"2"
l.l"6
223
85
7.892
2.070
2U6
".039
1,871
226
272
17"
130
28
1
1
13
615
3.
725
3
B
U
197
183
183
Total Xurope
23.815
17. '•12
10.090
lt2,9lU
13. 79"
16.193
U.U06
23
880
23
"51
715
795
51t
71
68
Canada.
Latin Aaerica
Argentina
Bolirla
Braill
Chile
Coloobla
Coeta Bica
Cuba
French Vest Indies and
Oai&na
Mexico
U.U50
""
11
11
11
51
26
,51
"It
609
".737
1.00"
3,602
705
3.133
62"
»b9
609
31
31
28
3
5
5
11
5
31
103
58
81
"
Total Asia
Othsr countries
Australia
Be* Zealand
Bgypt and Anglo-Bgyptian
10
l"5
127
1.993
11
10
16
690
566
537
29
12"
8.270
13
7.17"
13
5,825
13
l,3"9
1,096
222
198
13"
6"
2"
"65
6.873
1,08"
"
1"
3
7.322
6. "03
63"
5.769
25. "96
18. 623
15.158
5.19"
8.600
29.120
".727
2". 393
"0.0"8
17, "10
7.956
9. "52
22.638
2,822
".359
23
"33
"7
11.787
233
11.55"
5.250
2.955
2.8I9
136
2.295
"0
"7
"7
18
"29
32
397
97"
887
"7
827
60
87
33
"57
57
68
57
201
26
392
73"
32
175
706
29
"
"
3
361
76
58
2
5
3
363
81
58
3.237
1.025
756
269
2.85"
"35
2.361
7"
U19
209
8"i
327
519
60"
531
"77
5"
356
10
132
22"
25
93
182
2.2"l
93
16"
196
2
356
2,500
93
192
2.30"
8
85
58
2.
3,
37
2.877
358
2.707
3"6
750
2.071
5""
2.051
206
20
1"5
271
l"5
131
1"0
799
1,813
799
l.h"6
677
1,"29
122
2.3't2
17
367
32.oWt
16.233
15.291
9"2
15.811
1.825
13.986
15,825
12.191
11,6"«
5"3
3.63"
"33
908
857
837
"7
1,92"
1.6"8
1.386
262
276
56
3
895
25
12
170
12
2
2
2
29
26
21
5
3
287
287
287
396
12
31*"
1
3"3
52
12
12
13
13
13
12,076
l"9
12.073
136
62
130
12,011
1,712
12,656
1
1
1
233
182
30
173
93
13"
30
"6
1,647
l.'<65
1.350
30
8
6
6
188
129
158
l",780
1".368
10.9"3
60
12
2"
115
10.9"3
10.963
15
3
French Morocco
Union of South Africa...
All other
Total other countries...
151
33
133
31
80
118
108
10.960
10,960
"2"
331
223
62. "76
55.266
96.578
62.928
36,70"
93
Unidentified
Grand total
"98
2"
37
Total Latin JUerica
Netherlands Saet Indies.
Philippine Islands
Turkey
Other Asia
10
1,135
299
98"
Venetuela
ther Latin AJnerlca
British Malaya
Japan
391
21
1.196
3.233
368
India. Buroia, and Ceylon
3,853
199
20
2.0U2
Hetherlands West Indies
and SorinaA
FanaJU
Peru
Asia
^hlna and Manchuria
French Indo-Chioa
Hong Kong
57
Stocks
109
11
11
u
Total
58
26
Tu^oslaTia
Other Xurope
S.
5.
Total
10
Switzerland
U. S.
Total
foreign secorttles
Doaestlc securities
llLS"!
"9.065
32.076
16.989
26,22"
"
102
Treasury Bulletin
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
Table I.- Net Position by Countries
(In thousands of dollars; negative figures Indicate short position)
February 1947
103
Position in FV^reign Currencies as Reported by Banks and Bankers in the United States
-
(Continued)
Table 2«- Outstanding Forward Exchange Contracts
(la thouaand* of dollari)
CMTTmnej of:
CoQtrkCtt a> of
•nd of Booth
uropa
Orand
totia
(coDtlausd on fellowla« pa£o)
Total
Siiropa
Ualtad
Xln^doB
Belelim
0«rmaiijr
Italy
Hetbvrlandi
Portugal
Spala
Purchase contracts
Total:
191*5 -October
Ua
21,996
18.9U3
12,901
13,605
12,391
12.800
13,375
12,190
I9,9l|fi
li.irtU
Tlabntar7
20,190
12,781
11,193
12,589
March
April
Hay
Juns
July
to«a8t
Septeaber
20,'t33
111,663
ll*,656
23.997
21,309
2U,178
I7,t66
l6,5U9
18,755
17,379
16,532
18,650
68
51.390
47.162
itit,8es
lilt,U25
68
to, 258
1*0 ,01*1
"•5,503
37,378
37,211
2.339
619
822
950
•53
U80
619
712
November
DBceaber
19U6-Januar7
nrom foreign cuatonen:
19U5-October
loT«ober
Seeamber
I946-^aaiiar7
Vebniaiy
March
April
May
June
July
August
September
from domeatlc custoaers
19U5-October
VoTember
Deceaber
igUfi-Jamiary
19,
2.01*3
2,267
2,2?7
1.550
1,072
61*6
61*6
116
820
1.91*2
61)0
808
605
17.082
19,953
16,676
12,282
12,783
12,181
12,663
11,350
13
13
li*,3U3
April
Hay
June
22,695
20,761
22,690
17,275
17,267
16,1*63
16,1*1*6
18,283
68
July
l»9,7't7
18,367
Wt,222
1*3,779
68
Au^at
lt5,0U6
39,1*38
Septenber
'»3,56l
36,73*
12,109
39,233
36,606
Sales eontraete
Total:
16,661
19,985
19,668
15,75*
18,9*9
18. 967
23,613
30,165
36,158
22,81*3
1*0,1*611
1*0,221
38,31*8
29,526
36,036
April
May
June
1*9,539
"•5,833
July
105.310
96,%l»
92,280
89,762
77,177
90,958
83,283
76,310
19U5-Ootober
Hovember
December
2,000
i,Sii5
1,21*9
2,381*
1,59't
2.593
1,017
1,198
916
I9U6- January
2.327
1.636
926
1,115
91*1
55"*
"•31
773
1,002
728
1,280
703
September
git, 31*3
1*0,1*1*7
To foreign cuatomert:
February
March
April
Hay
1,031*
J\ine
1,281*
76)*
July
2,666
2,666
An^Bt
l*,520
1*,020
S«pteab«r
1,310
680
22,769
15,016
18,391
18,651
832
591
879
2.098
3,568
588
To doasBtlc cuBtoaors:
igl'S-Ootobsr
HoTaaber
Deceabar
iglt^-JimuM-y
Fbbniary
Kareh
i»prU
<iV
June
July
August
Sapt ember
26,1*18
26,633
,911*
S:
3,273
22,1*98
29, 6U
1*2,1*61
35,385
1*8,505
1*5,069
39,1162
51,352
37,807
39,620
102,61|1*
89,6li*
91,971*
88,1*52
76,1*97
80,323
80
10
10,71*0
Aa^et
21
336
188
32
10,991
12,301
^
20
20
32
21
ll*,350
52,636
10
10
78
19.361
8,535
900
1*5
110
110
lg,6it0
19U6-Jaauar7
February
March
17
110
313
112
86
367
l,61t3
2U,769
28,802
29.226
37,2Ul
•1.909
"3,387
110
111
78
February
March
1945-Ootober
HoTsmber
Deeenber
UO
1*80
1.302
pug
17.719
81
81
81
81
8llO
313
11,1*1*1
81
•53
191
86
388
2,
13
13
11*.
509
9
9
2
19
10
ll*
81
81
81
1
81
81
110
110
17
t5
10
10
so
20
336
178
80
Treasury BuJletin
lOl^
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table 2.- Outstanding Forward Exchange Contracts
-
(Continued)
(Continued)
(In thousandt of dollars)
Currency of:
Contracts as of
end of month
lurop* - (continued)
Switzerland
Latin
Aaerlca
Other
lurope
All
Total
Aala
China and
Manchuria
Hong
long
Japan
Other
Aala
other
Purchase contracta
Total:
19lV5-October
November
December
igUS-January
February
March
1,201*
1,201*
380
380
380
82l(
1,53^
1,531
11:2.1
1,531
1.531
1,997
1,325
1,626
380
380
2
3,100
April
M«7
June
July
AagUBt
September
^om
5,156
5,618
3, n't
3,567
3,288
2,691
19
2,1*97
2,5UU
3,179
31
foreign cuatooMra:
X9U5-October
Horember
December
1,230
992
938
1,971*
237
13t
1,175
18
2,57'»
857
1,376
2,552
2,283
3,039
322
190
1,37'»
1190
1,230
17
l,20l»
1,201*
1(8
igUfe-Jamiary
1,771*
February
March
April
May
June
July
August
September
From domestic customers:
igU^-October
HoTember
December
1946-Jamiary
February
March
31
30
30
19l*6-,Jaaual7
19
7
16
U
Au^Bt
.
5.601
3,666
1.53"*
lt,909
U,l*l5
1.531
1.531
988
2,l»97
2,5'*
3,179
1
1*,508
7
5,987
8
6
5,2l*9
31
8,029
t7
5,2^
1*6
t,596
5,593
25
228
8l*0
8U0
February
March
iprll
May
June
July
Ao^st
.
30
30
191'6-January
.
.
1.8!>9
105
1,190
380
380
380
821*
26
380
380
861*
20
31
1*
6
6
21*
821*
821*
61
182
613
WK)
81*0
February
March
i^rll
Hay
June
July
August
September.
616
701
533
875
1,155
1,181
Itecember
November
December
,33K
1,028
1,158
511t
November
.
52
60
1,076
7
19l*6-jRnuary
September.
379
171
83t
1,1*18
675
To forelga customers:
19l*5-Octob»r
To domestic customers:
19l*5-October
1.595
986
951*
1*10
7,565
8.077
8,569
10,669
8,967
6
6
9
Tebniary
March
i*rll
May
Juns
July
.
65
65
52
105
2l*l
676
65
530
556
521
279
169
562
252
715
505
52
52
2"*
122
122
lOU
131
35
38
1,531
223
328
923
1,020
765
938
237
13U
1,1*98
857
1,357
1,357
1,677
1,128
1,858
Sal«8 contracts
September.
627
556
663
997
703
3,100
3, '62
3,288
2,691
.
November
December
990
389
961
I«,e66
^rll.
Total:
19l*5-Oototer
131
35
103
82l»
73
19
17
May...
June.
July
August.
September.
26
32>«
126
328
779
90?
100
2
272
tlS
718
1,173
1,082
390
685
920
18
322
180
20
97
65
65
1H2
1*91*
H29
February 1947
105
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3.- Purchases and Sales of Foreign Bxchanse (Spot and Forward)
(In thousaada of AoUars)
Curranoj of l
TranaactloiiB
OranA
total
AurlQg Month
Inrape
(eoBtlnaad on foUovl^ pa«e)
Total
Inropa
l]hlt««
>al«l<a
ElngdCB
Oal«aJl7
Italy
Portngal
Total pnrctaaaesi
Spot
Torward
13, "132
lloTenbor
Spot
Porvard
8k ,122
111, 823
DeccMliar
Spot
Fonrari
Spot
Forvard
U,U8
Spot
Forward
105,317
Harek
April
Moj
19li;^otot>«r
92
32*
312
*2,8ei
5,250
5*6
363
908
563
5,777
*7,630
5,698
57,7**
6,552
582
599
3
9, '192
66,691
6,552
Spot
Forward
137,076
15,833
73,868
8,960
60,552
8,9*3
7*1
777
20
Spot
Forward
138,2W
69,819
8,536
57,369
8,*57
1,113
65*
25
Spot
Forward
Spot...
Forward
Spot
Forward
129,^96
12,989
129,739
13,898
209,795
73,0*0
8,657
67,383
8,319
1,*92
7
1,388
U,812
37,888
59,076
8,638
5*, 232
8,230
123,091
37,*03
Spot...
Forward.
Spot
Forward.
136,613
20,086
13'i,6W
22,356
75,813
15,233
77,268
17,5*5
Purchaaaa from banks:
19li%0ctob*r
Spot
Forward,
k8,Ok3
9,937
25,8*6
17,289
6,7*2
18*
6,71.7
Spot
Forward
Spot.,.,
Forward.
56,188
37,813
5,136
kl.lll
3,036
29,233
5,009
30,871
3,036
2*1
102
2*8
3*7
Spot
Forward.
Spot .
Forward.
65,161
7,229
39,315
2,783
528
506
1
7,102
52,693
*,*90
29,*90
2,70*
**,196
*,*90
859
73,181.
March
Spot
Forward.
95,259
10,068
55,383
5,072
*3,121
5,055
667
7*2
20
April
Spot
Forward.
85,799
1.5,379
1,012
1
h
3,*07
33,62*
3,328
519
6,211i
Spot
Forward.
Spot .
Forward.
Spot .
Forward.
73,167
7,257
81,782
10,889
15k, 151
30,633
31,663
*,1*6
1,230
7
1,276
779
2
676
12
2,026
1,159
*9
Spot....
Forward.
Spot . .
Forward
82,573
13,566
82,326
15,099
*9,620
9,810
37,**0
9,798
35,175
12,2k*
1,582
1,*85
113
66*
23
31,106
3,^95
12,210
1,023
12,27*
1,033
13,*51
2,21*
11,*39
1,023
8*
55
19^6-Januar7
Febniar7
Juna
Julj
Au^uat
Saptanbar
Decasber
19^^-JanQAT7
Fabmary
Ma7
Jme
Jttlj
Aoguat
Soptanbar
.
. ,
,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Farchaaaa frcoi athara:
19k;-0otobar
Spot
Forward.
cTaahar
Spot .
Forward.
Daeaahar
Spot....
Forward.
19^6-Janiiar7
Spot
Forward.
Fohraar7
Spot .
Forward.
March
Spot....
Forward.
April
Spot
Forwnrd.
Ma;
Spot
Forward.
June
Spot....
Forward.
July
Spot
Forward
.
.
.
. .
.
.
98,936
9,527
5l',562
107,608
58,151.
13,002
.
.
RoTonber
.
.
28,728
7,765
*0,377
6,0*2
u
268
5
.
38,056
7,7T0
50,087
6,169
79,1'>9
. .
.
7,'HI>
62,666
6,U5
27,9311
7,1109
36,270
3,kl2
li2,Vll7
3,889
32,133
2,390
1>1,817
5,765
52, U2
-6,788
56,32:
5,732
117,957
3,009
55,6U
Ik ,179
AaguBt
Spot .
Forward.
5k,0ko
6,520
Saptaabar
Spot....
Forward.
52,320
7,257
.
.
5,250
lk'.,571
111.
,850
*,165
l.7,*8
6,601
U7,li86
25,713
Ii8,9li8
12,299
18,839
2,99*
13,998
2,062
18,*85
3,888
2*,**0
5,129
28,190
*,*92
19,*85
1,718
27,085
12,175
26,193
5,*23
28,320
5,2*6
*
U
1
2,282
62, U3
2,001
15,216
60,72*
17,*89
1,858
35,*05
6,580
97,96*
25,713
U,l**
1,033
11,950
2,21*
18,1*0
2,99*
13,5*8
2,062
17,*31
3,888
23,7*5
5,129
27,*13
*,*92
18,827
1,650
25,127
*9
1,669
113
76*
25
3
37
5
537
*
u
10
2
1,7*0
3
83
210
298
16
*9
26
5*
93
7*
35
101
135
21
262
119
5
112
103
256
68
*2
68
*19
18*
U8
100
5,*l8
25,5*9
5,2*5
17
10
2
U,690
2*, 673
898
2
779
68
1,201
68
Spain
Treasury Bulletin
106
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
(Continued)
(la tkCBUala »t tsllan)
CUTMW7
tvroy* - (oaatljnw4)
tvlxg aratk
Total farokaaaal
19k7-Oa«*kar
Utla
Daaaabar
19k6-Jaaau7
Ta^ra«Z7
April
J<il7
Auguat
Saytobar
Daoaakar
19%6-Januar7
Fabraar?
Narok
April
"ay
Juna
Jq17
Aagoat
SaptiHbar
Ftfokaaaa
Otkar
Aal*
5,56*
17*
31,505
5,6*6
3,130
1,25*
13
1,25*
Sfot
Forvard.
Spot
7orva74.
1,3K
6,053
260
1,188
5,*21
2,780
3,155
1,531
*,2»5
1,188
17
1,3?8
23,91*
7,1«3
32,228
*,112
2,367
100
2,367
100
Spot
TarvarA.
8jot
1,859
75
1,9*0
5,553
17*
5,352
3,875
S**
3,875
8**
k,522
2*2
33,603
*,*97
20,510
1,*21
6,292
6,931
a6
5,590
635
5,2*2
1,2**
5,038
1,919
7,223
1,88*
8,690
637
7,2*0
912
5,029
1,519
7,223
1,88*
8,690
637
7,2*0
912
7,281
1,903
8,*22
1,920
7,281
1,903
8,*22
1,920
8,at....
For«ar4.
Spot
Forward.
Sjot
Torvari.
2,Ul
SfOt
Forward.
Spot
2,867
21
5,502
375
5,371
9,600
753
Fonmr*.
"117
562
78
3,052
Spot....
ForwarA.
2,877
10
*,95e
Spat
Forward.
1>,66*
5,*70
Forohaaaa trvm banka:
l^liVOotobar
Spot
Forward.
loTaaibar
JafMi
1,826
Spat
Tmmr€.
Marak
TotU.
lata
Otk«r
K«rop«
Torvaant.
oTaakar
ttf 1
328
21
*3,3TV
*,*52
**,906
3,581
33,708
3,306
*,331
537
*,9*0
2*6
38,895
3,306
37,396
3,*68
6,*1*
370
6,528
3* ,6*7
6,7*8
3,168
500
6,689
1,161
6,689
1,161
3*, 699
5,768
3*7
7,893
1,*0*
7,893
1,*0*
2,191
1,191
13
x,191
1,999
1,178
1,178
2,681
2,353
100
2,353
100
*,38l
3.633
8**
3,633
8*4
5,*12
*,306
1,519
6,580
1,88*
*,297
1,519
6,580
1,88*
7,57*
637
6,737
*32
6,820
1,563
7,977
1,658
7.57*
637
6,737
*32
6,820
1,563
7,977
1,658
6,009
1,161
7,112
962
3,05*
5,23*
92
16,*T9
3,17*
5,*80
168
1,275
5,273
1,832
13,862
2,278
15,201
2,91*
Spot
Forwmrd.
1,670
75
5,276
n.9
Spot....
Forward.
Spot ....
Forward.
1,850
*,*87
17*
2,219
6,702
5*3
Spot
Forward.
Spot
Forward.
Spot ....
Forvard.
Spot
FoTvard.
2,0*7
78
2,953
5,*70
532
5,195
1,069
2,7r7
21
*,19*
5,350
295
9,*80
563
Spot
Forward.
Spot ....
Forward.
2,k53
*,858
350
2,703
20
5,070
210
151
330
1,675
Spot ....
Forward.
Spot....
Forward.
1,2»
.
.
.
.
17
13
16,
OU
*,8»5
11*
856
3,602
8,970
1,093
28,038
2,8U
27,521
2,170
15,766
2,660
20,188
2,725
19,558
2,582
3,365
301
3,693
3,70*
5,28*
5,355
13
19,**3
2,571
19,515
1,753
*,756
79
6,009
1,161
7,112
962
82
15,026
2,*72
939
63
63
10
10
10
*,131
fr«ai otbora:
19k>««t«Wr
Spot
ForwBird.
Rorottor
Spot ....
Forward.
100
573
92
10,052
*,8*5
1,156
1,531
Daoattar
Spot
Forward.
83
1*8
9*8
17,027
1,198
1,56*
1*
1*
17,592
895
11,5*0
328
971
2*2
2*2
880
732
732
.
Spot
Forward.
Spot
Forward.
189
277
55
90
35
68
Marob
Spot ....
Forward.
262
229
73
15,3*1
1,6*1
966
236
6*3
6*3
April
Spot
Forward.
Spot
Forward.
162
120
103
17,385
1,2*7
2*8
1,116
1,U6
99
*7
175
17,9*2
6*6
1,191
U*
5«3
*8b
503
*80
Jaaa
Spot
Forward.
IW
152
80
18,707
581
1,130
370
*61
3*0
*61
3*0
Jalj
Spot ....
Forward.
1,177
1H7
120
190
17,838
886
1.173
856
**5
262
**5
262
Auguat
Spot
Forward.
kak
9*
212
15,20*
597
1,992
500
680
680
Septaabar
Spot....
Forward.
1,961
1
*00
118
15,18*
1,301
1,637
268
781
**2
781
**2
19>>6^a>aarx
Fabraary
•to/
.
.
.
1,*U
(Cootlaaad oa followl^ pa«a)
Februanf 1947
107
Position in Foreign Currencies as Reported by Banks and Bankers in the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
((Continued)
(Im thoasuiAs of dollar*)
Cvrrvney of i
TraaBactloB*
during aoath
Xurofo
(coBtlAuad on follovla^ P«6*)
Orand
total
Total
Knropo
Ihltod
Ilacdoa
Geraanj
B«l«lti
Portugal
Italy
Total aalaal
19%;^otok*r
DecaaWr
19^6-Jaaaar7
Tatnary
Naroh
April
•laj
June
Julj
August
Septeabar
S&lea to banks I
19*5-00 tobar
Rorambar
DecaBbar
19'*6Wanuar7
Fabruary
Maroli
Spot.
Forvar*
78,309
15,307
37,995
8,105
Spot...
Forvard
83,516
17,775
"•9,663
Spot...
Forvard
Spot
Fonrard
85,1133
96,696
23,782
51,857
7,96k
53,2k7
13,15k
13,051
k
98,862
6k, 621
598
19,29'>
12,200
68,09k
55,683
12,200
,
.
.
Spot
Forvard
Spot
Forvard
Spot
Forvard
Spot
Forvard
Spot
Forvard
Spot
Forvard
Spot
Forvard
Spot.
Forvard
.
.
.
.
.
.
.
.
.
.
.
.
. .
.
Spot
Forvard
Spot. ..
Forvard
Spot...
Forvard
Spot. ..
Forvard
Spot
Forvard
Spot...
Forvard
.
.
.
.
19. Sl^)
127, 5W
23,695
130,055
19,599
12k, 190
16,965
123,222
23 ,010
159,020
75,915
128,836
2li,87li
133,078
26,815
3k ,291
8,129
33.132
8,010
3'',l>99
8,259
37,088
6,220
36,936
7,919
52,259
13,510
Ayrll
Spot
Forvard
56,615
10,219
"ay
Spot
Forvard
Spot
Forvard
Spot.
Forvard
Spot .
Forvard
Spot...
Forvard
52,157
Juaa
July
Auguat
SaptoHbar
Salaa to otharat
19*5^0 tobar
oTOBbar
Daoeabar
19'*6-Janaary
Tabruary
Karoh
April
May
June
July
Auguat
Saptaabar
.
.
.
.
.
.
.
.
Spot
Forvard
Spot.
Forvard
Spot
Forvard
Spot...
Forvard
Spot .
Forvard
Spot
Forvard
Spot .
Forvard
Spot .
Forvard
Spot. ..
Forvard
Spot...
Forvard
Spot.
Forvard
Spot
Forvard
.
.
.
.
.
.
.
.
.
.
9,3l>9
53,182
8,919
68,826
28,1119
58,625
Ik, 639
6k,725
18,001
kk,0l8
7,178
50,38k
9,765
50,93k
11,081
59,608
17,562
61,926
11,375
75,2*
10 ,185
73,kkO
9,380
72,033
7,616
70,0k0
9,091
Ik ,958
66,797
I2,lkl
75,3k0
10,223
68,9k3
12,120
107,10k
65,77k
261
12
83
3*3
212
kl,192
7,209
516
36k
"•3,318
867
583
2
517
k
21
7,712
kO,k32
8,958
55,372
Ik ,937
5k ,299
12,019
61,123
10,077
56,k71
11,856
87,398
739
729
680
26
1,119
16
1,398
677
12
2
2,202
1,073
17
3k
75,863
19,078
81,287
20,195
61,926
18,991
65,960
2,006
1,582
1,878
889
U8
6
k
15,775
k,k23
17,885
5,2k8
12,97k
k,077
73
ko
15,208
5,2k0
75
77
18,922
5,112
19,137
3,980
2k, 50k
6,110
27,158
8,k70
15,551
k,720
290
75
16,195
3,877
21,672
82
17
20,
37
k
106
271
177
250
29,5k5
7,161
31,5k8
7,212
30,367
6,275
k6,329
25,203
37,270
12,231
kl,lk9
Ik, 987
25,028
7,060
k*7
179
22,220
3,682
31,778
3,8k3
15,8kO
3,635
25,22k
3,718
25,6kl
2,ka9
3k, UO
52
Uk
1
22,997
8,k51
32,935
2,852
17
1,118
9
l,ka9
6k, 38k
6,U0
26,k53
7,080
26,585
6,011
kO,773
2k, 721
31,k9k
12,
k38
k2k
2k6
165
601
300
33
871
kte
97
k53
305
188
12
268
"•3
135
226
289
7
2U
33,361
1
13
Ik ,955
27,123
9,17k
3k,011
6,090
32,375
6,ka6
785
566
2
k92
2k6
k
562
k79
21
37,252
k,980
k3,792
29,271
k,959
671
9
1,051
501
26
695
13
3,0U
2,997
29,886
5,8k5
k6,625
39,663
30,k32
6,780
32,599
5,163
1,152
512
12
1,601
773
3k
19
10
1,135
1,120
17
1>25
58k
2k
6
k
9,17k
kO,117
6,090
k0,936
6,k88
Ik ,091
38,576
5,8k5
90,19k
k7,766
60,775
k0,571
70,2U
38,593
6,8k7
kO,13B
10,235
68,353
8,81k
28, 81k
5,208
3k, 670
2
Spala
Treasury Bulletin
108
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
Table 3.- rurchases and Sales of Foreign Exchange (Spot and Forward)
-
-
(Continued)
(Continued)
(IM tkftaswiAa vf Aollva)
Cvrrvaoj efi
Ivrop* • (e«Btljra*4)
Tramaactloou
luring OKth
8if»4*a
T*!*! aaleai
19^7-OeUter
Spot...
Porvftrd
KBT«Bb*r
Doccakor
19^6-Jui«u7
Jm^rxmrj
Spot
TorvKNl
Spot .
forvsri
Spot
rorwkrA
Spot .
.
.
.
.
.
.
7onmrA
Marota
Spot .
.
JmrmrA
AprU
Spot...,
Vormri,
Mb/
Job*
Spot .
Forward.
Spot..,,
.
FcrmxA,
Jnl/
Spot...,
rorvard
August
Sopt«^bor
Saloa to tteakai
19k5-Octot«r
Spot...,
TervarA,
Spot...
Forward.
Spot
Forifttrd,
RoToabor
Doooabor
19li6-Jaa«ar7
Fobraar?
Narok
April
Spot ...
Forward,
Spot .
For««rd.
Spot . .
Forward,
Spot .
Forward.
Spot....
Forward.
.
.
.
.
.
Spot
Forward,
N«7
Spot...,
Forward.
Jaao
Spot . .
Fonrard.
Spot....
Jal7
.
FUward.
Angnat
Spot...,
Forward.
Soptoabor
Spot
Forward.
.
. .
Saloa to othora:
19kV0ct«bor
RoTOBbor
Doeoabor
19^6-JaBiia27
Fetamarj
Haroh
April
Spot .
Forward,
Spot .
Forward.
Spot .
Forward,
Spot
.
.
.
.
.
.
Forward.
Spot...,
Forward.
Spot, .
Forward.
Spot
Forward.
.
Naj
Spot
JvDo
Spot . .
Forward.
Spot . . .
Forward.
Spot .
Forward.
Forward..
July
Aagnat
Soptaabor
.
.
.
Spot .
Forward.
. .
I.TW
Asia
Latla
Aaarioa
Otk«r
T*tal
AsU
jKp»M
OUi*r
Aal*
I
1
III
ill
0031951
@FedFRASER