Full text of Treasury Bulletin : February 1947
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--, 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