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LIBRARY

^^H-^

WwSf^

t&<^'<
ss^ %^

LIBRARY
POOM 5030

^

J UN ?.3 1972

TREASURY DEPARTMENT

^EmiLETEN
FEBRURRV-1353

UNITED STATES TREflSURV DEPRRTMENT
OFFICE OF THE SECRETBRV

February I9ij

Table of Contents
Page

Treasury financing operations

A-1

Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

17

Treasury cash Income and outgo

21

General

2h

F\ind

of the Treasury

Debt outstanding

25

Statutory debt limitation

30

Debt operations

31

United States savings bonds

36

Treasury savings notes

hd

Ovmershlp of Federal securities

4-7

Treasury survey of ownership of Federal securities..

^9

Market quotat ions

53

Yields of Treasury and corporate bonds

57

Internal revenue collections

59

Monetary statistics

63

Exchange Stabilization Fund

67

Capital movements

69

»

Cumulative table of contents
Note:

82

In those tables in which figures have been rounded
to a specified unit, all calculations (including
percentages) have been made from unrounded figures.
Consequently the details may not check to the totals
shown.

A-l

February 195)

Treasury Financing Operations

Refunding of the Fetiruary Certlflcatee
On January 27, 1953, ^^^ Secretary of the

dated February 15, 1953t an^ bear Interest from that
date payable on a semiannual basis on June 15 and

Treasury announced the Intention of the Treasury to
offer on February 2 a choice of one-year certificates

becomes payable.

December 15 In each year until the principal amount
They will mature December 15, 195^,

held by the Federal Reserve Banks, about $2.3 billion

and will not be subject to call before maturity.
Bearer bonds with interest coupons attached and
bonds registered as to principal and Interest were
Issued In denominations of $500, *1,000, $5,000,
Subscription
$10,000, %\00,00Q, and $1,000,000.
books were closed at the close of business on

by commercial banks, and the remainder by corporations

February

of indebtedness or a five- to slx-year security In
exchange for the 11-1/2 month 1-7/8 percent certif-

icates maturing on February 15.

The tmnounoement

stated that of the tg,S6g million total of the
maturing certificates aj/proxlniately $3.7 billion were

and other nonbank investors.

5.

The bulk of the maturing

certificates was thus held by Investors who preferred

Aooordlng to preliminary reports as of February 9.

short-term securities; the new offering, however,
would give any holders who might wish to do so an

subscriptions for the new offerings totaled $8,73^
million, approximately 98-1/2 percent of the maturing

opportunity to extend ttelr maturities, the announce-

certificates.

ment concluded.

Series A-195'V, totaled $8,112 million, and subscrip-

Interest rates on the offerings were announoedon

January 30.

The Interest rate on the one-year certif-

Subscription* to the

certificates.

tions to the Z-1/2 percent bond« of 1958 totaled
$619 million, leaving $137 million of the total to
be paid In cash.

icate Is 2-l/U percent per annum, and the alternative

security Is a five-year ten-month bond bearing
interest at the rate of 2-1/2 percent per annum.
Pull details of the certificate and bond offerings were given In the official circulars dated Monday,

February 2,1953. Exchanges were made par for par; and
cash subscriptions were not received. The new certificates, Series A-igS"*, are dated February 15, 1953.

and bear Interest from that date payable with the
principal at maturity on February I5, 195'*. They
were Issued In bearer form only, In denominations

Treasury Bills Refunded
Five Issues of Treasury bills matured In
January In the total of $6.9 billion. They were
refunded by equivalent total and weekly Issues. The

offering dated January 2 was for $1.2 billion, that
dated January 29 for $1.5 billion, and the offerings

dated January

8,

I5,

and 22 were for

$1.1(-

billion

The average rates of discount on the new
Issues were 2.I9I percent for January 2, I.986
percent for January 8, 2.121)- percent for January I5,
2.097 percent for January 22, aid I.961 percent for
each.

January 29.

of $1,000, $5,000, $10,000, $100,000, and $1,000,000.
The new 2-1/2 percent Treasury bonds of 195S are

>ot«: Datolla of Treunrj Boricat floaaalae o;*ratloiu ar*
sUevber* In tkls Itiu* of tbo 'TrMavry
lollotla*, In tlio trtlo* on 'Otturins'' »»* *B1»-

hom

taada,
poaltlon", r»»p«otlT»ly, of MTkotalilo Uao** of
notoa, «i^ ocrtlfloatoo of la&obtodaoM , ad la tbo takl*
"OfforlBgs of TrouoT Bills*
.

February 195)
SUMMARY OF FEDE3^AL FISCAL OPKRATIONS

(in mlllloiia of do3J.ar3)

Budget receipts and expenditures

Net
receipts
1/

Expand
Itixres

27

Surplus,
or
deficit

{-)2J

Net of
trust
account
and other
transactions

Net
increase
Clearing
accoxmt
it/

g/i/

decrease

Net
increase
in General
Fund balance, or
decrease

(-)

(-)

in

public
debt, or

Levels, end oT period

General
Fund
balance

Debt outstanding
Public
debt

Guaranteed
aecuritlea

Fiscal years:
1942.
Wits.
19Wi.

12,696
22,202

igits.

W»,76S

1.3,892

31., 187
79,622
95,315
98,703
60,703

-21,1.90
-57,1.20
-51,1.23
-53,91.1

-20,676

19^6.

1.0,027

19'H.

1.0,

19'*8.

1.2,211

19''9.

38,2U6

1950.
1951.
1952.

37,01.5

1.0,057
1.0,167

1.8,11.3

l«,633

-1,811
-3,122
3,510

62,129

66,11.5

68,697
68,665

7l.,593

1953 (Est.).
19511 (Est.).
Calendar years:
19l^^.

043

39,289
33,791

78,587

23,461
64,274
64,307
57,679
13,740

358
6,515
10,662
4,529
-10,460

2,991
9,507
20,169
24,698
14,238

72,422
136,696
201,003
258,682
269,422

4,568
4,100
1,623
433
476

-10,930
1,624
-1,462
2,047
1,839
-388

3,308
4,932
3,470
5,517
7,357
6,969

258,286
252,292
252,770
257,357
255,222
259,105

90

27
20
29
46

555
-507
366
483
-214
-401

-11,136
-5,994

-l.,017

-1,103
-294
-495
99
679
147

-5,896
-9,922

108
26

£5

4,795
9,900

-969

-5

6,000
6,000

263,900
273,800

68
43

-1.788
-266
-l,l6l
-123
-1,386

362

50,232
57,707
64,753
47,484
-18,966

6,983
1,751
9,942
3,767
-22,502

10,543
12,294
22,236
26,003
3,502

108,170
165,877
230,630
278,115
259,149

4,301
4,230
1,514
567
339

-2,249
-4,100
4,331
-423
2,711
7,973

-405
1,111
471
-447
62
1,770

3,097
4,208
4,679
4,232
4,295
6,o64

256,900
252,800
257,130
256,708
259,419
267,391

81
55
30
24
42
54

-583
-184
-944
-270
366
129

221
929
3,187
-l,6l4
-1,173
1,574

4,454
5,382
8,569
6,955
5,782
7,357

256,125
255,941
254,997
254,727
255,093
255,222

18
21
21
29
29

751.

8,1.19

16,290

57,751

-1.1,1.61

IJltS.

3l.,lt83

90,171.

IJUJ..

1.3,531
1.3,928

97,181
87,522

-55,691
-53,650

38,810

1.1,322

-2,512

1.1,010

2,1.31.

-3,592

19'*5.

-1,613
-338
-2,222
791
-524

-J.3,591.

19118.

1.1,1.50

38,576
36,209

19''9.

38,122

1.1,711.

1950.
1951.
1952.

37,831.
53,1.88
fi5,523

38,255

-1.22

56,81.6

-3,358

71,366

-5,81.2

5,21.1

-350
-229
-502
311
815
-41

478
4,587
-2,135
3,883

-240
199
234
87
-106
-319

73

3,808
3,211

61.0

-83

1,047

227

l.,058

4,051.

-34

3,11.6

l.,007
l.,517

7,089

5,969

-1,381
-1,370
1,119

-69
136
284

July
August.,
September

2,571

l.,739

11

-14

5,087
5,163

83
37

'-103

30

435
988
709

-1,737
-525
1,822

5,620
5,095
6,916

255,657
256,644
257,353

28

3,591.

-2,168
-1,493
1,046

October.
November
December

2,635
3,521
5,279

5,1*83

5,178
5,627

-2,847
-1,658
-347

-55
82

196

-86
20
7

945
1,306
-186

-2,042
-250
-329

4,874
4,624
4,295

258,298
259,604
259,419

37
43
42

1952 -January.

l.,953

5,1.55

-501

February
March...

5,553
9,886

5,105
5,701.

448
4,182

-374
186
106

103
-25
-245

357
587
-2,278

-415
1,196
1,765

3,879
5,075
6,840

259,775
260,362
258,084

38
37
41

April...

l>,323

3,809
9,796

6,016
5,659
6,930

-1,693
-1,850
2,865

-291
357
-192

329
-91
-326

209
1,613
-800

-1,447

May
June..,.

1,548

5,393
5,421
6,969

258,292
259,905
259,105

44
45
46

July

3,316
It, 050
6,585

6,71.2

-3,426
-968
515

-17
77
422

432
-195
-229

3,968

957
-973
204

7,925
6,952
7,156

263,073
263,186
262,682

39
40

3,099

-252

201
-265

316
-243
-145

2,238
2,513

6,175
7,636
6,064

264,919
267,432
267,391

45
51

-41

-981
1,461
-1,572

-m

401

11

-376

267,402

48

l?51-Januflry.

1., 1.1.8

February
March. ..
April...
Maj
June. .

l.,257

.

Auglist.

.

September

8,112
2,626

6,209

5,018
6,070

October.
November
December

'.,151

6,383
5,161

6,003

7,121.

-3,283
-1,009
-1,121

1953 -January.

5,061

5,737

-676

247
-161
111
106
-304
43

Source: Actual figures frcm Dally Treeieury Statement; estimates baaed on
1954 Budget document, released January 9, 1953. More detailed Information with respect to the figures In this table Is given in succeeding
tables
1/ Gross receipts lees appropriations to the Federal Old-Age and Survivors
Insurance Trust Fund and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section ll4 (f) of the Economic Cooperation Act of 19'.8

113
-504

^

28

18

32
33

34

54

(62 Stat. 150), are conBolidatod with budget expend 1 tiarea ,
Beeinning
with the fiscal year 1950, investments of whollj owned GoTemment
corporatlCTis in public debt eecuritiea are excluded from budget
eocpendlturee, and included with other such investments under "Trust
account and other transactions".
Excess of receipts, or expenditures {-),
For outstanding checks and interest coupons, and telegraphic reports
from Federal Reserve Ba.ika; excess of receipts, or expenditures (-),

Treasury Bulletin
-BUDGET RECEIPTS AMD EXPENDITURES.

Table I.- Receipts by Principal Sources

.

.. .,
,

.

,

February 195)
-BUDGET KECEIPl'S AND J3CPENDITUREb

Table 3.* Expenditures for National Defense and Related Activities
(In millions of dollars)

Department
of the
AlT Force
11/

Flacal year
or month

19l>5

90,501
18,870
16,812
11,500
12,158

igue

v^i
igitS

v^9

1,690

19,955 r
39,033r 16/

1953 (Est.)...
195^ (Est.)...
1952 -January,

Fcbruniy
Mnrch ....
April.

of the

Army

iiU,Ul47

U6,i*30

r
3,lW r
3,1*06

Forces
Leave Act

12/
30,047
15,161
4,998
4,171
4,412

5,1*17

3,506
6,238
12,350 16/

4,058
6,867 r
15,370r 16/

15,385
17,510

15,865
15,200

Eeconstniction
Finance
Corpor
Corporation
20/

Deparlaient Pajmenta
of the
under Armed

50,337
27,800
6,911
6,046

12, 31*6

1950
1951
1952

Department

4,110
5,757
9,961

United
States
Maritime
Canmiiselon

21/

472
328
138

1,986
270

Strategic
and
critical
materials
22/

Surplus
property
disposal

3,227
694
271
277
136

10

114
664

1,501
268
25

106
442
325

11
99

98

299

Other
22/

6,305
4,117
554
44
71

439
656
847

22*^

10,900
12,000

1,070
900

1,227

898
584

40
38
54

37
51
40

1,071
1,176
938

101
97
172

26
65

1

435
503
820

1,018
1,054
1,108

l,'*^ r
1,219 r
1,628 r

1,213
1,086
1,250 16/

1,353 r
1,1*03 r
l,259r 16/

1,297

1,508
981
1,560

966
805
961

83
92
103

30
52
40

784

June..

3,771 r
3,7fi8 r
3,683r 16/

July
August,,.,
September,

2,971
U.OOS

l,0l»0

October,,,
November,
December,,

3,723
3,302
081

1,211
1,052
1,386

1,1*68

It,

1,301
1,554

916
857
1,034

86
57
69

42
36
38

21,968

7,329

8,372

5,539

490

23 8

Meo'...

1953 to date,..

i,m

1,3"*

33

Source: See Table 2,
Footnotes at end of Table 5,

Table 4.- Expenditures for International Finance and Aid
(In mllllonfl of dollars)

ExportBretton Woods
Import
Agreements
Banlt
Act
24/

Fiscal year
or month

.

1946,
1947.
1948.
1949,
1950,

727
4,928
4,143 14/
6,016 2/
4.689

1951..
1952..
1953 (Est,).,.
1954 (Est.)...

159
1,426

568
938
465

Credit

Goremment

to

and relief
in occupied
areas

till ted

glnadom 25/

45

514
881
1,333
779

4,469 r
4,917 r

88
25

370
152

5,799
7,596

8e

45

49
49

2,050
1,700

-60

161
279
126
:

:

884

2,228

^

47

58 r
256 r
162
105

212
251
261

239
228
231

9 r
6 r

5

193

6

1

9

178
114

293
352
184

3

6

6

7

298
266
275

4
2

2

3

122
106
110

4

9

31

823

1,669

26

28

:

:

April.
May...
June.

486 r
526 r
567 r

11
32
34

3

July
Augus t . . .
September.

594
596
302

92
46
-13

4

October. .
Kovcnber..
December.

423
375
371

-10
-5

5
4

-30

2,661

So

Source: See Table 2,
Footnotes 1 through 6 on page 2 and 10 through 33 on page 4.
1/ For basis of appropriations, see Table 7. Amounts appropriated are
eqiilvalettit to the amounts of tales collected and deposited for oldage insurance. The Social Security Act Amendments of 1950 (Public
Lew 734), approved August 28, 1950, changed In certa i n respects the
basis of transferring the appropriated funds to the trust fund. Effective January 1, 1951, the old-age Insurance taxes on employers and
employees and the vlthheld Income tax are paid into the Treasury in
ccmbined amounts without separation as to type of tax. The old-age
insurance tax on self -employment income. Imposed by Public Law 734,
is levied and collected as part of the Individual income tax, beginning with the taxable year 1951- Beginning January 1951, the amounts
transferred currently as appropriations to the trust fund are based
on estimates of old-age insurance tax receipts made by the Secretary
of the Treasury, and are adjusted in later transfers on the basis of
wage and self-employment income records maintained by the Federal

3,006
2,191

420
170

44

24 r
11 r
36 r

4

10

1953 to date.

134 14/
4,043 2/
3,523

Other
22/

Military
assistance 28/

187
195
226

6

12

, .

technical
assistance 27/

155
152
129

-77
31

March .

65
18

Mutual Security Act 26/
Econcsolc and

5,506
7,397 30/

301 r
401 r
422 r

1952 -January .
February.

GreekTurkish
Assistance

6

:

:

:

24 r

3

Security Administrator, For purposes of this table, the amounts credited
to the trust fund beginning January 1951 are cansidered to represent
estimated receipts of old-sge insurance taxes for corresponding periods.
Accordingly, these amounta are included under employment taxes and excluded from total income and profits taxes as shown. Throughout the
calendar year 1951, the same amounts were deducted from the combined
taxes paid in by employers, and the balance was shown as inccme tax
withheld. Beginning January 1952, the tax on self -employment income Is
allowed for in the amoxmta credited to the trust fund, but no breakdown between the two types of old-age insurance taxes is available
monthly, Eatljnates of the breakdown are made on a fiscal year basis
beginning 1952.
Interest on refunds is included in Table 5 under "Miscellaneous"
Si nce monthly figures In these two columns Include old-age Insurance
taxes (see footnotes 2 and 3), they will not add to the total, which
excludes those taxes.

-

Treasury Bulletin
.BUI3GET

RECEPTS AND KXPENDITUEES

Table 5,- "Other" Expenditures
(In mllllona of dollars)
Departzaent

Flacal year
or moa'th

Total

of

Departanent
of

Apiculture

Commerce

^2/

Housing
and hcoLe
finance

Post Office
Department
(advance to
cover
deficit)

Public
works

Eeoonstructlon
Finance
Corporation 21/

Social
aeourlty
profiran

^6/

Atomic

J
February 195
-BUDGFT RECEIPTS AND EXPENDITURES.

Table 6.- Summary of Budget Results by Months and Years
{in millions of dollaxa)

Apr,

Meor

July

Aue.

ept.

Calendar
year

Treasury Bulletin

BUDGET RECEIPTS AND EXPENDITURES
Table 6A

-

Detail of Budget Receipts and Deductions by Months and Years
(In milllonB of doliare)

Mar.

Apr.

May

July

Aug.

Sept.

Individual inccane tai withheld by eioploxerB 2/
-

Oct.

Calendar
year

Fiscal
year i/

J
February 19?

BUDGET RECEIPTS AND EXPENDITURES
Table 6A

-

Detail of Budget Receipts and Deductions by Months and Years (Contlnaed)
(In mllllona of dollars)

Apr.

May

Jul7

Aug.

Sept.

Calendar
year

Fiscal
Year 1/

Miscellaneous Internal roTenue
172
167
210
369
365

lk2
154
20k

183
192
273

31*0

361i

155
175
2W»
305

352

37^

SW

UI2
573
645

3U1
552

375
520

lt21

581.

61*9

693

656

666
629

682
739

6U2
638
662

638

651.

853
826

599
797
805

720
701

838
825

53't

6W»
629
690

187
179
25U
270
359
520
557
615
595

192
201
265
298

187
237
268

353

512

Il22

673

6911

681
718
695
663
677

656

70U

653

7lt9

70it

nk

7't7

719

737
722
949

948
806

561
615
602

81»5

217
3I16

269
362
729

1>16

832
877
679
6I43

7lt2

862

311
213
261
309
344

198
237
314
350
464

191
252
436
337
363

171
231
630
386

'.,350

2,232
2,345
2,967
3,847

4,946

't,553

SI".

580
689
752
782
768

507
602
669
695
768

539
516
722
767
702

6,146
7,272
7,924
8,124
8,385

5,291
6,949
7,725
8,049
8,301

753

722
746
805

720
764
823
939

8,326
8,771
9,392
10,416

8,348
8,303
9,423
9,726

356
438

4,942
5,824
8,640
16,747
33,128

5,161
5,303
7,362
12,993
22,144

42,259

41,685
43,902
40,310
39,379

573

656
699
676
714
775

707
877

808
885
923

353

2,303
2,585
3,352

Total Internal revenue
264
258
319
555
724

380
395
502
879
1,075

886
1,513
3,493

2,188
3,042
3,451
3,415
3,944

5,15lt

226
262
362
684
1,396

355
357
483
708
1,581

695
1,211
2,424
4,211

265
326
400
742
1,815

374
523
501
748
2,602

667
673
1,077
2,476
5,160

272
319
431
603
1,813

2,115

518
693
1,159
2,649
5,484

2,464
3,815
3,684
4,274
4,211

6,353
6,431
5,583
5,446
6,080

2,935
2,746
2,310
2,309
2,603

3,024
2,921
2,308
2,578
2,859

5,734
5,384
4,080
3,993
4,536

1,985
2,527
2,251
2,126
1,998

2,702
2,849
2,494
2,662
2,720

5,749
4,847
4,291
4,267
4,438

1,880
2,340
2,230
2,197
2,013

2,300
2,383
2,403
2,690
2,734

4,945
3,948
3,693
3,678
3,878

38,780
39,637
42,015

3,453
3,257

3,783

't,391

4,649
6,063

5,988
5,492
8,656
10,641

2,033
1,989
3,113
5,035

2,609
2,719
3,821
4,491

4,660
4,590
7,330
9,992

1,927
1,969
2,608
3,'H3

2,720
3,057
3,937
4,4o8

4,751
4,722
6,398
6,711

1,879
2,099
2,539
3,150

2,566
2,997
3,740
4,513

4,074
4,302
5,421
5,963

40,442
40,677
56,604
69.149

40,307
39,449
51,106
65,635

27
24
35
22
39

36
23
36
20

32

29
28

31

38

319
349
392
389
324

23
32
40
31

25

4,770

3,'t84

693

574

683
784

1*3,233

ltl,853

Qua tarns

24
36
33
35
25

22
26
32
27
26

29
29
40

1*9

25
26
41

33
32

32
32

37

40
36
42
47
37

35
23

39

36

42
33
42
39

31*

41

45
41
35

29
35
.9

3l»

29

1*3

34

30
37
57
44

33

29
26

33

25
28
38
28
34

26
25
37
24

38
36
42
37
31

28

28

33
35
35
33

33
44

28
38

28
40
48

25
39
48
48

30

I15

1*3

33

37
31

3"*

32
52

30
42
34
35
33
1.7

28
30

333
330

30
23
34

33
24
34

438

29
36
45
42
36

27
35
45

29
32

32
33

35
38

391
498
445
417

35
57

37
54
47
44

35
54
44
51

374
530
603
575

384
423
624
551

23

23

21
20
25
224

21
24
30
222

209
245
261
317
2,271

188
242
242
295
934

170
194
169
319
174

446
132
367

3,085
3,669
3,576

3,325
3,494
3,492

51*7

5,053

1*,635

11*5

2,946

3,824

124
133

147

U7

1,749
1,450

101
336

2,' 064

2,082
1,439
1,639
l,8l4

29
34
24

42
52

43

323

395
382

431
355
1*35

494
422

Other receipts 7/
20

17
17
19
29
126

14
24
30
26
327

17
18
21
30
203

14«
191

19«
1*37

489
501
370
1,317
535
240
146
225
183

202
198
306
307
271

136
402

110
140

165
129
178
130

15
23
17
33

15
25
16
24

77

91

23

553

511
358
370
323

257
151
157
330
369

141
241
243

271
225

192
186
173

123
88
122

111
88
96
115

244
69
123
105

339

Footnotes at end of table.

18
22
21

16
18
19
129

21
21
26

13

3«3

651
589
192

114
138
164
152

28
366

le
172
195

{Continued on following page)

16
18
26
24
260

18
20
26
23

221

155
300
148
375
124

147
208
343
216

101

79
144
117
139

73
83
112

149

161-,

175

Treasury Bulletin
-BUDGET EECEIPTS

Table 6A

-

MD

lOFENDITURES

Detail of Budget Receipts and Deductions by Months and Years (Continued)

Febnianj 195)
.BUDGET EECEIPTS AND EXPEMDITURES.

Table 6B

-

Detail of Expenditures by Months and Years
(In millions of dollars)

Apr.

May

Julj

Aug.

National defense and related activities
1939.
igito.

xgki.
191*2.
19'*3.
19l*l».

19'»5.
19'*6.

19^7.
19 W.

19^9.
1950.
1951.
1952.

106

Sept.

-

Total

Calendar
year

Fiscal
year 1/

Treasury Bulletin

10
.

Table 6B

-

BUDGET RECEIPTS AND EXPENDITURES

.

Detail of Expenditures by Months and Year

(Continued)

(in millions of dollarB)

Apr.

May

July

Aug.

Sept.

Not.

Calendar
year

J

.

11

February 195
.BUXXJET PECEIPTS AND EXPENDITUEES

Table 6B - Detail of Expenditures by Months and Years

-

(Continued)

(In millions of dollars)

Apr.

May

Aug.

July

Sept.

Sot.

Calenlar

Craek and Txa-klsh Assistance 12/

Mutual Ssourltjr Act

-

Othar
6
67

Treasury Bulletin

12

.BUTGET BECEIPTS AND EXPENDITURES.

Table 6B - Detail of Expenditures by Months and Years

-

(Continued)

(In TnllUnmw of dollaTS

Jan.

Apr.

May

July

Aug.

Tetaranj' Adalnletratlon

k6
kl
k6
k6

Wt
k6

1.6

1*7

1*7

1*7

k6

1*5

1*6

56

1*7

1*5

1'5

1*6

1*6

1*7

1*8

1*9

1*9

51

50

50

1*9

55
113
867
576

62

61
286
568
595
582

85

521*

57
123
U03
561
529

528
516
il&r
1*9

502

588

S31r
399

ter

Wr

1*07

371

51*7

130
31*1

566
597
61*0

U6

1*5

1*5

51*8

^/

Sept.

Hot.

Calendar
year

Fiacal
year 1/

13

Februanj 195)
.BUDGET EECEIPTS AND EXPENDITURES.

Table 6B

-

Detail of Expenditures by Months and Years

(Continued)

(In mllllana of dollars)

Apr.

Mb;

Julj

Ai]6<

Sept.

Hot,

Oalondlar

year
Postal deficleno;
1939

Treasury Bulletin

11^

.BUDGET RECEPTS AND EXPENDITUEES

Table 6B

-

Detail of Expenditures by Months and Years

-

(Continued)

15

Februarij 195)

.

BUBGET RECEIPfS AND EXPENDITURES

.

Table 7.- Social Security Act - Budget Receipts and Expenditures
(In millions of dollare)

Treasury Bulletin

16

-BUDGET RECEIPTS AND EXPENDITURES.

Table 8.- Railroad Retirement Act - Budget Receipts and Expenditures
(In millloiiB of dollars)
Receipts

Fiscal jeer
or Bontii

Sxceae of net
receipts, or
expenditures (-]

BxpoDdlttireB

Deduction:
Befunda of taxes
on caiTlerB and
their esaplojeee

Taxes on
caiTiero
and their
eoxployeas

Molnlstratlve

receipts

Tranefers to
Railroad Eotlreent Account
(truat accotmtj

%J
-26.3
-12.8
77.3
-206.5
-15.5

285.0
282.6
380.1
557.1
563.8

1950...
1951
1992

-3^.1
-30.5
-35.9

550.2
577.5
735.0

73't.8

583.7
608.0
770.7

582.8
608.0
770.7

195a-Januai7..

-IMi.lt

12.3
92.9
53.9

12.3
92.9
53.9

56.6
53.4
59.4

56.6
53.4
59.4

13.9
89.8
58.0

13.9
89.8
58.0

53.3
91.5
58.3

53.3
91.5
58.3

16.5
89.2
5^.3

16.5

49.3
86.1
53.9

49.3
86.1
53.9

13.9
88.5
52.9

13.9
88.5
52.2

12.4

12.4
8U.0
58.2

19^5
19U6
19^7
19'»d

ig^g

ffobroary,,

39.5

March....

-5.5

AprU....,
Kajr

,

Juno. . • .

-39 .U
-1.7
-."t

.

Jul?
August. .
September.
.

October...
Norember.
December.

-32.9
3.1
.5

1.5
-6.1

281».8

281.7
380.0
557.0
563 .»

5^9.6
577.5

Source: Dally Treaeury Statement.
1/ ExcesB of expend. Itizree la corered by approprlatlona by Congraea.
%J Intereat on refunda 1b included under AdalnlstratlTe expenaaa"
i/ Consists of ezpendltin'ee frcan appropriations made apecifically for

311.1
294.5
302.8
763.5
578.9

8it.0

58.3

^

-

Budget Receipts and Expenditures

(In mlUlons of dollars)

Expenditures

Beoelpte
Fiscal year
or month

fiallroad

unenployoent
Insinrance

oantrlbutions

308.8
291.9
298.5
758.5
574.5

adminlatovtlTe expenses relating to tlis Railroad Itotlrement Act through
1951, and interest on refunds of taxes (see footnote 2).
Less than $50,000.

Table 0.- Railroad Unemployment Insurance Act

Excess of
receipts, or
expenditures (-)

2.3
2.6
4.3
5.0
4.4

^

.,

)

.

,

'

Febraanf 195)

17

THUST ACCOUNT AHD OTHER TRANSACTIONS.

Table 1.- Summary of Trust Account and Other Transactions
(In milUanjB of dollars)

Tmat

Het of
Fiscal year
or iQouUi

account
and oUier
transactions l/

accoonta, etc.

ta-ust

Het receipts, or
expenditures { -

Beceipts

Net investsnenta of
GoTemment agencies in
SxpendlturcB
(oUier than net public debt securltlea 2/

791

7,5W

-52lt

19^7

-1,103

3,238
2,619
2,658

6,515 3/

3,625
3,857

-1.95

1,890

5,71't

3,821.

99
679

-281

3,852
3,855

6,669
7,796
8,807

6,950
3,945

I9W
19^9
1950
1951
1952

Guaranteed

inrestaantc )

1*6

19^5

1"»7

-U58

7,086
7,712

-123

2,311

1.6

28

-1«32

8

ll.

-10
-16

-37^

5,5^1
6,287

3,557
3,636
3,IA6
3,3!A

-22

13

25

-137

350
300
^h^

uu.
221
171

U

1
123
63

3/

1953 (Estimated)
195lt (Estimated)

107
S7

3,5't3

9,08l>

3,259

9,5^7

1952-Januai7
February ...
March

-37't

lt2

186
106

531
336

392
831

April
Hay
June ...•••.

-291
357
-192

hi

I176

853

1,050
1,026

197
669

270
510
650

July
August
Septonber..

-17
77
U22

I103

738
959

h-n
556

308
397

500

lt27

-73

October. , . .
November. .
December...

-252

-186

201

608
131

ko\
975
7^7

587
367
617

357

266

-265

kj

Actual figures trcm Dally Treasury Statcanent; estijnates baaed
Source:
on 1951. Budget document, released January 9, 1953.
1/ £xcesB of receipts, or eipendltureB(-)
2/ Consists of transactions which clear through accounts of the
Treasurer of the United States, except as noted in footnote h,
Excludes Foreign EconcEilc Cooperation Trust Fund (see page 1),

^

*

277
-66
-28

1,276
160
387
16

't,952

68lt

Hot guaranteed

5,200
3,668
3,362
3,060

11,1.71.

6,21tii

Het redemptifxis , or sales {-\
of securities of Govemnent
agencies in tJbe loarket 2/

88

1
-1.

66

-1.

-1

-13

*

-101 hj

11

-37
-66

-5
-1

SI

V*

-5
-6

kffl.

1./

50
-68
50

31*9

EffectlTe June 30, 1952, not transactions in Federal Intemnedlate
Credit Bank Issues are included even though certain of these transactions do not cloar through the accounts of the Treasurer of the
United States. The figures for June and for 1952 include $98 million
net sales of these Issues for the full fiscal year.
Less than $500,000.

Table 2.- Trust Account Receipts
(in

Federal Old -Age
and SurvlTors
Insurance TiniBt
Fund

Fiscal year
or in n tJ
TT

i

19*5
19*6

mm

ifinft

Railroad
Retirement
Account

of dollars)

TTnemployment

Trust Fund

national Service
Life Insurance
Fund

Gov eminent
Life
InflDrance

Fund

GoTemment

Other trust

an^loyees
retirement
funds 1/

funds »riH
accounts

2/

1,*3*
1,386
1,623
1,807
1,92*

32*
312
323
797
625

1,508
1,280
1,289
1,313
1,173

2,127
2,351
1,50*
7*0
690

97
103
13*
90
92

557
61*
578
59*
680

1,038
1,666

19*9

7,086
7,712
6,2**
6,515 i/
5,71*

1950
1951
1952

6,669
7,796
8,807

2,367
3,*11
3,932

6*5
678
850

1,281
1,5*2
1,6*3

1,076
68*
786

87
86
87

809
850
912

*03
5*5
597

1953 (Estimated).
195* (Estimated),

9,08*
9,5*7

*,*35
*,780

773
79*

1,553
1,596

631
582

86

970

63I1

1952 -January
February , . ,
March.. . ....

392
831
68*

152
**8
*7*

57

65
55
59

3

60

36
209
2*

*1
3*
35

28
29

*76
1,050
1,026

267
*86
289

5*
92
13*

50

3*5
99

22
37
208

*8

36
33
220

29

18*
*39
2*9

*9
86

55
328

3
3

363
3*

Septeanber

738
959
*27

5*

19

1

36

29

October
November.. ..
Decanber. ...

*01
975
7*7

222
538
*69

13

*8

*

85

263
112

3*
3*

Ul
17
29

19't7

191*8

April

May
June
July
August

53

59

See Table 1.
Cooalsts of CItU Serrlce and Foreign Service retlreoBent funds.
Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal foods. Island possessions, Incremeait resulting frcm reduction in the weight of the gold dollar, and through June 19^

Sotirce:

1/
2/

^

?i
*0
*0
36
37

792
1,17* 2/
529

631

3

3
3

6

2
2

39

37

*3
51

seigniorage on silver under the Stiver Purchase Act of 193^- Thereafter
such seigniorage is included vltb other seigniorage under budget
receipts,
Szcludee Foreign Eccaiaalc Cooperation Trust Fund (see page 1).

IS

Treasury Bulletin
TRUST ACCOUHT AMD CfTESB TRAMSACTIOHS

Table 3.- Trust Account Expenditures Other Than Net Investments
(In mllllcsnfi of dollars; nagatlTe fl^orea are excasa of credits)

Fiscal year
or aoDth

.

February

t%)

19

-TRUST ACCOUMT AMD OTHER TRAKSACTIONS

Table 5.- Federal Old-Age and Survivors Insurance Trust Fundi/
(In mlU-lons of dollars)

20

Treasury Bulletin
.TRUST ACCOUMT AMD OTHER TRANSACTTONS

Table 7.- UneMployoent Trust Fund

J
February 195

21

.

TEEASUEY CASH INCOME AHD OUTGO.

Table 1.- Sunmary of Cash Transactions
(in millions of dollars)

Treasury Bulletin
.TEEASURY CASH INCOME AND OOTCX).

Table 3.- Derivation of Cash Budget Expenditures
(In mllllona of dollars)

J
February 195

23

.TREASURY CASH INCOME AND OUTCO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In mlllloim of dollars)

Treasury Bulletin

21^

.

GENERAL FUND OF THE TREASURY.

Table 1.- Status of the General Fund
(la BlUlona of loUara)

Bunion, coin, end

XDd of fleoal
/ear or month

Depoalta In Federal
Seeerre Banks

currency

Arallable
fonda
19*5

25,119

150

558

igiifi

111,708

3,730
5,370
3,862

160
1,023
1,073
1,022

21i3

19't7
19I18
19l>9

1,500
1,006
1,202
1,928

232
191
219

lt38

In process
of collection

Deposit* In
special
depositaries
1/

123
103

Other
deposits
and
collections

22,622
12,993
962
1,773
1,771

289
305
310
283
309

Liabilities

Balance In
the General
rund

1*21

211,698

1*70

lit, 238

3,308
932

1*22

1.38

It,

392

3,1*70

1950
1951
195a

5,927
7,871

1,052

950
338
333

3,268
5,680
5,106

ItlO

250
355

323
380

1,069

191
176
19*

11*3

7,lt8l

1*81*

512

5,517
7,357
6,969
U,295

l,0l>6

511*

1951 -Osc amber.

14,816

1,033

173

321

IM

2,693

lil<9

521

1952 -January,.,
Pebruarj.
March . .

i>,306

1,025
1,003
981

219
205
212

l6a
558
169

316
193
333

2,048
3,216
5,228

537
525
523

1*27

5,700
7,Wi5

April

6,108
6,0U6
7,U8l

997
999
1,009

206
197

Uy>
569
333

195
125
355

3,779
3,690
5,106

8,520

1,010

638

18I1

1*79

1*96

106
161

6,027
5,190
5,217

1*68

1*87

1*91

1*01

770
396
389

171*

l*,llt5

1*85

103

5,981*

176

It,

511
1*^

568
519
518

.

,

Maj
June

,

Julj
AugUBt. ..
September.
October, ,
Norember.
December.

191*

7,li39

l,00li

7,557

1,001

181
175
179

6,71*3

1,006
999
1,007

163
162
160

8,155
6,582

508

368

3,879
5,075

625
605

6,81*0

1*81

715

5,393

1*66

621.

5,1*21

1*81*

512

6,969

591*

7,925
6,95a
7,156

6,175
7,636
6,o6li

Source: Dally Treasurr Statement.
1/ On account of withheld taxea and sales of Gorernment securities

Table 2.- General Fund Balance by Months
(End of month, In millions of dollars]

Year

Jan.
3ltO

1932,
1933.

327
1,537
2,319

1931*.

1935.
1936.

2,00ll

Feb.

Mar.

376
221

Apr,

May

292

38I.

1*93

21*1

818

2,291*
2,ltlt2

36U
2,022
1,957
2,358

61*7

1*,902

It,

2,081
1,767

2,1*1*6

1,935

2,866
1,826

July

1,789
2,230

1,1*75
1,901*

2,902
2,260
2,231

2,860
2,978
2,178

2,1*51*

2,1*15

2,676
2,569
1,913
1,920

2,873

2,266

2,61*1
1*,896

3,082

6,361*

18,158
15,117

19,297
9,990
12,813
8,070

lli,958

10,51*3
12,291*

9,803
1U,W.5
6,665

22,236
26,003
3,502

2,567

2,553
2,216

2,639
2,116

3,0ltJt

2,921*

2,838

2,1*1*7

2,350
1,701

2,511*

2,210

2,030

2,715

2,1.25

1,901*

1,891
2,633

2,258
2,599

191*2.
191*3.

2,950

191*5.

12,239
19,606
25,1*27

2,851
12,617
12,279
11,366
20,935

2,812
12,687
8,522
9,625
18,536

2,991
9,507
20,169
21., 698

191*6.

3,562
5,392
19,155
17,313
25,961

3,1*93

191*1*.

ll.,238

22,082
12,029

1*,312
1*,612

l*,066

3,308

3,069

l*,9l*6

3,163

1*,932
3,1*70

5,071*

3,995
1*,702

l.,l.61.

6,955

5,782

5,393

5,1*21

2l*,367

I9U8.

1*,711
U,61i8

7,131*
1*,318

191*9.

11,659
l*,l*5l*

5,291
5,186
5,382

6,909
5,353
5,767
6,121
8,569

3,879

5,075

6,81*0

191*7.

5,0U9

1950.
1951.

1952.

Source:

Dally Treasury Statonont.

1,1*31*

,682

1,702
2,689

I*,
179
16,606
15,277

1,1*73
1,761.

,81*1

2,193
1,799
2,188

3,389

7,721*

590
1,107
1,597

339
1,200
2,137

11*5

3,11*0

191*1.

755
909
1,812

831*

2,1*72

3,31*3

191*0.

862

Hov.

862

1*17

1,539
2,975

1,751*

Sept,

,582

1,726
2,950
2,933
2,282
2,025

1937.
1938.
1939.

Aug.

3,288
8,595
21,921*

17,672
18,631

1,11*6

16,131*

11,01*0

10,171

3,1*00
l*,832

U,l*l8

5,517
7,357

3,337
I*, 500
5,620

5,185
5,095

3,952
5,583
5,699
5,505
6,916

6,969

7,925

6,952

7,156

1*,107
i*,8oa

1,1*06

2,6o3
2,1*1*7

2,165
1,817
2,319

3,935

555
1,026
2,561*

2,209
1,906
2,973
3,083
2,1.76

1,928
3,560

3,097
208

1*,385

I*,

1*,737

I*,

l*,679

l*,ll*5

1*,139

1*,232

l*,87l*

lt,62lt

U,295

6,175

7,636

6,061*

1*22

J

,
. ..

..

)

.

Februarif 195

25
.DEBT OUrSTANDUG.

Table 1.- Sunmary of Federal Securities
(In nLiUloriB of dollars)

Total outstanding
End of
fiscal
year or
month

Interest-bearing debt

GuaranPublic
debt

teed

Public
debt

seciarl-

tles
1/

19''9.

259,115
269,898
258,376
252,366
252,798

1950.
1951.
1952.

257,377
255,251
259,151

257,357
255,222
259,105

20
29

1953 (Eat.).
195U (Est.).

263,968

68

2.73,81*3

263,900
273,800

1*3

551

19'»6.

19^7.
19't8.

258,682

1*33

269,1*22

1*76

258,286
252,292
252,770

90
73

27

1*6

Matured debt and debt bearing no interest

Guaran*

Public debt

teed
securities
1/

International
Bank 2/

256,766
268,578
255,197
250,132
250,785

256,357
268,111
255,113
250,063
250,762

1*09

255,226
252,879
256,907

269
376
231
280

Other

ay

83

2,350
1,321
3,179

69

2,231*

21*

2,012

255,209
252,852
256,863

17
27

2,150
2,372

2,11*8

265

2,370

512

1,270
1,283

111*

2,21*1*

2,21*2

1*19

1,271*

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

278,1*51

277,912

539

1,313

1,301

238

257,111

257,070

1*0

2,350

2,31*8

1*92

1,296

560

257,1*82

36
35
39

2,295
2,228
2,291

2,291*

1*1*1*

2,226
2,290

1*16

U81

1,291
1,253
1,253

559
557
556

256,102
257,739
256,863

553
551
550

1*67

2,326
1,311
3,173
2,229
2,009

Guaran-

Monetary
Fund 2/

21*5

1*16

1,721*

66

1,161
1,063

1*1

teed
securities 1/
(matured)

,057

21*

935
802
722
660

10
6

613

2
2

575
550

5
3

1

n.a,
n.a.

Debt peak:
Feb. \Sk6.

279,761*

279,211*

1951-December.

259,1>61

259,1*19

1952 -January

259,813
260,399

259,775
260,362

38
37

258,121*

258,081*

Ul

257,518
258,171
255,833

April.
Maj...
June.

258,337
259,951
259,151

258,292
259,905
259,105

1.1*

256,11*1*

1*5
1*6

257,782
256,907

July.
August ....
September.

263,107
263,225
262,722

263,073
263,186
262,682

31*

260,91*0

39
1*0

261,098
260,615

October.,
November..
December.

261*, 961*

261*,919

1*5

267,1*83

267,1*32

51

267,1*1*5

267,391

51*

.

February
March

.
.

258,136
255,791*

2,192
2,168

2,191
2,167

385
362

1,253
1,253

1*1*

2,21*1*

2,21*2

1*19

1,271*

33

2,166
2,127
2,106

2,165
2,125
2,105

331
319
300

1,288
1,263
1,263

2,100
2,089
2,100

2,099
2,087
2,098

297
286

1,263
1,263
1,258

1*3
1*1*

260,908
261,060
260,577

38
39

262,861*
265,391*

262,820

1*3

265,31*5

1*9

265,31*6

265,293

53

Source: Actual figures from Daily "Treasury Statement; based on
Budget document, released January 9, 1953

195I*

1,063

301*

51.6
51*4
51*2

539
539

536

Footnotes at end of Table 2.

Table 2.- Net Change In Federal Securities
(increaae, or decrease (-), In millions of dollars)

Fiscal year
or month

Public
debt

Guaranteed
securi-

Public
debt

ties
1/

1*16

1,721*

-11*

-91*6

-91*1*

1.9

-1*5

-221

-220

-35

-350
-25

-7
10
17

138

139
222
-128

20

-1*1

222
-128

21*7

n.a.
n.a,

n,a.
n.a.

n.a.
n.a.

n.a.
n.a.

651*

-5
-1

-55
-68

-55
-68

-2,338

-2,31*2

1*

61*

61*

-U8
-28
65

312

308
1,637
-876

1*

-99

-99

-96

1

-21*

-21*

-22

75

76

56

-77
-39
-21

-78
-39
-20

-88

11*

-12

-25

191*9.

1950.
1951.
1952.

1,579
-2,126
3,900

1*,587

-2,135
3,383

-8
10
16

1953 (Eat.),.,

1*,817

l*,795

22

(Est,).,.

9,875

9,900

-25

n.a.
n.a.

1952 -January..

352
586
-2,275

357
587
-2,278

-I*

1*07

-1

651*

1*

213

1*

1,611*

209
1,613

1

1,638

-800

-800

3.956
118

3,968

-11

113

5

October,,
Norember,
December.
1/

2/

653

56,813
11,751*

-12,997
-5,050
698

1*, 1*1*1

U, 1*1*8

-2,31*7

-2,358

1*,028

1*,011

-875

1

866

108

U78

,

Monetary
Fund 2/

-11*5

1*32

July
August. ...
September.

national
Bank 2/

1,862

-387
-16
-U6

April.
May...
June.

ties

Guaran-

-1,011*

1*3

-11,136

February
March , . ,

Inter-

782
-1,029
1,858

10,783
-11,523
-6,010

10,71*0

191*7.
191*8.

195"*

Public debt

teed
securi-

-1,107
58
-383

55,707
11,812
-13,381
-5,065

57,679

-5,99'*

Guaran-

1/

-1,190

56,1*89

191*5.
191*6.

Matured debt and debt bearing no Interest

Interest-bearing debt

Total outstanding

157

1*12

i*,oi*5

-12

152
-i*a

5
1

-503

-501*

2,21*3

2,21*9

2,21*4

5

U

2,519

2,238
2,513

2,530

2,525

6

-12

-38

-1*1

-1*9

-52

3

U

-1*83

Eiclaies guaranteed aecurltleo held by the Treasury, The Interest-bearing
debt shown here consists of F,E.A, debentures and CC.C, d emand obligations;
details by issues appeared in the "Treasury Bulletin" for August 1951 and in
prerious Issues; currently the amounts outstanding are shown each month in
the "Treasury Surrey of Ownership", Tables 3 and 1*.
Special notes of the United States Issued to the International Bank and the
International Monetary Fund in payment of part of the United States sub-

-6
-12
11

Other
2/
798
-1,122

-93

n.a.
n.a.

teed
securities 1/
( matured
-83
-11*

-563
-98

-133
-80
-62

-2
-1

207

-1*7

-1

13
-9

-38
-26

-1

n.a.
n.a.

-3

»
n.a.
n.a.

-5

-38

-19
-1*

-11
IS

scriptions to these institutions, pursuant to prorisione of the
Bretton Woods Agreements Act, The notes bear no Interest, are
nonnegotiable, and are payable on desnand.
Includes savii^s stomps, excess profits tax refund bonds, and
currency Iteoifl. For current-month details, see "Statutory Debt
Limitation", Table 2.
Lees than $500,000,
Not available.

Treasury Bulletin

26

JDEBT OUrSTAHDUG,

Table 3.- Interest-Bearing Public Debt

February 195J

27

.UEHT OUTSTAKDHG.

Table 5.- Special lesues to United States

Govermmt

(In KlIHonR of dollara)

Bod of fiscal
jear cr Boath

In^estaent Accounts

Treasury Bulletin

2g

.DEHT OUTSTAHDING.

Table 7.- Treasury Holdings of Securities Issued by GoveriMient

Corporations and Other Agencies
(In millions of dollars)

-^

February 195)

29

JEBT OUrSTAKDHCTable 8.- Public Debt and Guaranteed Securities Outstanding by Months
(End of month. In mllliona of dolloTB)

Apr.

July

Vet}

Public debt
1932
1933
1931*

1935
1936

Aug.

Sept.

Treasury Bulletin

30

STATUTORY DEBT LIMITATION

and the face amount of
under authority of that act,
obligations guaranteed as to principal and Interest by

aggregate y275 billion outstanding at any
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included In the statutory debt limitation

the United States (except guaranteed obligations held by

redemption values.

The Second Liberty Bond Act, as amended,

(

Jl U.3.C.

757 b), provides that the face amount of obligations Issued

one

time.

subject to
the owner,
at current

shall not exceed In the

the Secretary of the Treasury),

Tbble 1.- Status under Limitation, Deceaber 31. 1052
(In mllllaos of doLLore)
MBTlimim amoimt of aecurltlos vhloh

of June 26,

191(6

be outatandlng at aaj cua time, imdar liBitatloa Ij^oeed

10117

^

(31 U.S.O. 757 b)

the aot

275,000

,

Amount of aecurltlee outetending subject to auch statutory debt limltatlant
U. S. OcTemmetnt seciirltlea leeued under the Second Liberty Bond Act, as eoended....
(Guaranteed aecurltlee

(

excluding those held by the Treasury)

5**

Total saount of securities outstanding subject to statutory debt limitation
BaXanoe Issuable under limitation

Source:

266,821

••

••.•

,.....•...,...«..

•..

266,767

•

•

8,179

Bureau of the Public Debt.

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding Decenber 31, 1052
(In mllllGcis of dollars)

Subject to
statutory debt
limitation

Class of security

Rot subject to
statutoi7 debt
limitation

Total
outstanding

Public debt!

Interest-bearing securities:
Marketable
Treasury bills
Certlf loates of Indebtedness ..........
Treasury notes
......•.••..•
Treasury boodn - bank eligible. .......
Treasury bondfl - bank restricted l/, .
Postal Barings and Fanazna Canal bonds.

21,713
16,712
30,266

Total marketable.

58,7'iO

21,016

agefficles

U"*

131*

13"»

1118,581

57,91*0

57,9'»0

5,770

Total ncamiarke table
and trust funds.

5,770

1103

1103

13 ,'•50

13,'»50

77,562

77,56e

39,150

Total interest-bearing securities

39,150

265,159

Matured securities en vhlch Interest has ceased
Debt bearing no interest:
I&lted States sarings stamps
•..».....•.•.•.
Szoeas profits tai refxmd bonds
,
Special notes of the IMited States:
Intematlcnal Monetary Fund Series
lAilted States notes (less gold resarra).
•.......•
Deposits for retlronent of national bank and Federal Reserve Bank notes.
Other debt bearing no Intereet.

13"t

i<*

1.9

"»9

2

2

191
290

6-

Total public debt

265,293

300

1,258

1,258
191
290

6_

1,308

KQS

1,79'>

266,767

6ek

267,391

Total debt bearing no intecrest.

Guaranteed securities;

58,7110

21,016

lli8,Wi7

Hoimarketable
n. S. saTlngs bcmda (curroit redemption raliie).
Treasury savings notes
Depos Itary bonda
Treaauiy bonda, inrestziesit series...

Special iBsues to Goremmant

21,713
16,712
30,266

2/

Interest-bearing •

53
1

Hat\n*ed

53

1

Total guarantee! sacurltlee

Total public debt and guaranteed securities.

Source: Bureau of the Public Debt.
1/ Issues i^ioh cd^isaxial banks maj not acquire prior to specified dates

6ek

266,321

(vlth BlBor cXiMFtloai).

2/

Kxclsdw gB

M—

et

Sm

267,"t*5

"Dakt Omtataailx* , Takla 3, footaote 1.
tka Truawy.

uovntiea k«U ky

February 195}

31

.DEBT OPERATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government

and Outstanding December 31, 1952 1/
(In ollllcms of dollars)
Ajnounb of mflturlties

Cnl laljle Issues

Deecrlptlon of security 2/

6,9*

Bills

BiUs

5,1*02

l-7/85t Certificate -

2/15/53-A

Ellis
Bills (Tax Anticipation Series)..
Bills (Tai Anticipation Series).,
6/1/53-B
1-7/8* Certificate Bond
M/15/51-55
2J
Bond k/
6/15/52-5!*
2$
6/15/52-55
2-lA* Bond k/
Bond
12/15/52-511
2%
Bond
6/15/53-55
2%

y
y

2%

Certificate

-

8/I5/53-C

2J

Bond 2/

-

9/15/51-53

-

12/1/53 -A

2-l/8jt Note

Total

I-3/8J Koto

3/i.5/^-A

Bond
2%
2-lA)t Bond

6/15/52-511
6/l5/5l»-56

Bond

12/15/52-51'

1-1/2* Bote
2-7/8* Bond

3/15/55-A
3/15/55-60

2-lA* Bond

6/15/52-55
6/15/53-55

2%

Filed
maturity
Issues

Total

2%

Bond

2*

Bond

I-3A* Bote

12/15/51-55
12/15/55-B

8,868

classified by
year of:

First
call

Final
maturity

Date
bank restricted
Issues
becciDe

bank
eligible

i/

J^mount of maturities

Yeai-

and
month

Description of security 2/

Filed
maturity
issues

Callable issxiee
classified by
year of:

First
call

Final
maturity

Date
bank restricted
issues
become
bank
eligible
1/

Treasury Bulletin
.DEBT OPERATIONS.

Table 1.- Maturity Schedule of Intereat-Bearlng Public Marketable Securities
Issued by the United States Government

and Outstanding December 31, 1952 i^ - fCkintlnued)
(In millions of dollare)

J
•33

February 195

DEBT OPERATIONS.
Table 2.- Offerlngrs of Treasury Bills
(Dollar aaounta In mllllona)

Description of qav issue

Maturll?
date
Begxilar 3arles

SuBber of
days to

Aaoimt of
tuts

aaturiV

tairfl«r«d

Oct. 2..
Oct. 9..
Oct. l6..
Oct. 23..
Oct. 30..

195a-Deo.

k.

Dec. 11.
Deo. 18.
Deo. 26.

91
91
91
92

2,07lt.5

2,277.5
2,275.1
2,109.0

1953-Jan. 2.
Jan. 8.
Jan. 15.
Jan. 22.
Jan. 29.

91
91
91
91

Not. 6..,
Not. 13...
Sot. 20..,
Hot. 28...

Fob. 5.
Feb. 13.
Feb. 19.
Feb. 26.

91
92
91
90

2,116.3
2,222,9

Dec. !(..,
Dec. U...
Dec. 18..,
Deo. 26..

Mar. 5.
Mar. 02.
Mar. 19.
Mar. 26.

93

1,836. It

91
91
90

1,9113.7

Apr,
Apr.
Apr.
Apr.
Apr. 30.

90
91
91
91
91

2,098,2
2,057.8
2,036.0
2,127.1
2,383.8

16:

3,279.1
3,923.8

Jan,

Total
Blount

On oco^etItire basis

On nonooo^titlTe basis l/

In
ezohange

issue date
of new
offering

Total unnatured ieeuas
outstanding
after new
Issues

;

1952 -Sept. It..
Sept. 11..
Sept. 18..
Sept.25..

1953-Jan.

Abount
maturiJie on

AaouQt of bids aocepted

2..,
8 p.

Jan. 15 p.
Jan. 22 p,
Jan. 29 p.

92

1,915.8
2,108.1
2,237.8
2, Uo8.lt

2,327,5

l,90lt.9

1,862,6

1,713.1
1,775.2

1,300.3
1,200.9
1,202.8
1,200. It

1,137.0
959.1

1,200.0

l,00lt.7
l,l8lt,9

l.ltOO.l
l,lt01.2
l,lt01,5
l,501,lt

9lt7.lt

969,it

163.3
2ltl.8

37.6
^3,6

1,300.1
1,200.8
1,202. It
1,200.1

17,206.0
17,206.1
17,206.5
17,206.9

255.^
231,0

1*9.7

195,3
215,2
210,0
272,6
215.5

38,9
68,1
87.7

1,200.3

17,206.6

l,lt00.1t

17, 206.lt

l,lt00.1t

55.11

1,399.9

75.3

66,0

1, 500.lt

17,207,2
17,208,8
17,209.8

1,301.0
1,500.9
1,300,5
1,300,0

1,083,0
1,261.2
1,069.0
1,109.6

218.0
239.6
231.5

63.2
123.7
75.8

l90.lt

lt8.6

1,300.1
1,500.8
1,300.3
1,299.9

17,210.7
17,210,8
17,211.0
17,211.1

1,300,7
1,200.3
1,200.0
1,200.3

1,118. It
966.1
959,3
977.1

182, It

ItJt.O

23lt.3

56.0
Wt.O
38,3

1,300.3
1,200.9
1,202.8

17,211.6
17,211,0
17,208,1
17,208,0

1,200.7

991.lt

1, 399.lt
l,ll00.2

1,500. It

1,166.3
1,1^3.1
1,160.5
1,237.6

2,501,9
2,002.7

2,300,7
1,776.3

l,ltOO.It

1,191,2
1,129,0
1,285,9

21t0.7

223.2
209,3
233.1
257,1
239.9
262.9

l,200.ll

39,0

1,200.0

i36.lt

l,lt00.1
l,ll01.2
1,1*01.5
1,501.1*

227.5
11*5.7
53.1*

17,208,7
17,208.0
17,207.0
17,205.9
17,20lt,9

Tai Anticipation Series:
1952 -Oct,
Not,

8.
21.

1953-Mar. l8.
June 19.

210

201.2

2,501,9

226.l|

't,50l*.6

Treasury Bulletin

DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Farlo*

Iisaa
Asta

fMK laaw

late to

-

Dosorlptlon of B»ourlt7

First call

Maturity

Amount of
aubscriptioDS
tendered

Cash 1/

Exchange

AoDunt ieeued

For
caab 1/

In exchange
for other
aecuritiea

(In Billions of dollare)

2/1A7
3/1A7
1./1A7

6AA7
7/1A7
8/1A7
9/1A7
9/15A7
io/iA7

U/1A7
12/1A7
1/1A8

2/1A8
3/1A8
U/1A8
6/1A8
7/1A8
9/15 A8

lo/iAS

12A5A8
1/1A9
S/1A9
3/1A9
u/1/1.9

6/1A9
7/1A9
9/l?A9
io/iA9
12/15 A9
1/1/50

7/8*
7/8*
7/8*
7/8*
7/8*
7/8*
1*
1*
1* ,
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-1/8*
1-3/e*

1-iA*
1-iA*
i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
i-iA*
1-1/8*
1-1/8*
1-3/8*
1-1/8*

Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Hote
Certificate
Certificate
Bote
Certificate

2/1A8-B
3/1A8-C
U/1A8-D
6/1A8-E
7/1A8-F
7/1A8-O
7/1A8-H
IO/1A8-B
IO/1A8-J
IO/1A8-K
I/1A9-A
I/1A9-A

1 jr

Certificate
Certificate
Certificate
Certificate
Certificate
Note
Certificate
Certificate
Certificate

2/1A9-B
3/1A9-C

1 yr
1 yr
1 yr

2/1/50

i-iA* >ot»

yl/50

1-1/Uit note

1-1/2* Bote
1-lA* Hote
l-l/lt* Koto
1-lA* Bote
1-lA* Hote
1-lA* Bote
1-3A)' Bote

6/1/50
7/1/50
9/15/50
10/1/50
12/15/50

1-1/2*
1-7/8*
1-7/8*
1-7/8*
1-7/8*
1-7/8*
1-1/2*
1-7/8*

Hote
Certificate
Certificate
Certificate
Certificate
Certificate
Hote
Certificate

8/15/52

2-3/8*
1-7/8*
1-1/2*
2-3/8*
1-7/8*
2*
2-1/8*
1-1/2*
2*

Band
Certificate
Bote
Boi^
Certificate
Certificate
Bote
Note
Certificate

2/15/53

a-lAli Oartifioate
2-1/2* Bond

1./1/51

6/15/51

8/1^1
9/15/51
10/1/51
10/15/51
10/1/51
12/15/51
3/1/52
3/1/52

7/1/52
8/15/52
10/1/52

6/1A9-E
7/1A9-?
l»/l/50-A

IO/1A9-O
12/15A9-H
I/1/50-A

2/1/50-B
3/1/50
3/1/; -C
4/1/50-D
-D
6/1/50--E
7/1/50-F

Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
Bote
Certificate

3/15/50
l*/l/50

l»/lA9-I>

9/15/50^

1
1

lyr
1 jr
11
10

1 yr
1 yr

1 yr

lyr
lyr
1
1

yr
yr

lyr
lyr
1 yr
1 yr
1 yr
1 yr

H

5yr
lyr

3

1 jr
1 yr

1
1

1 yr

B

lyr

B
B
1 B

1 yr

1

5

yr

U/1/56-KA
U/1/52-A
7/1/52-B
8/15/52 -C
9/1/52-D
10/1/52 -E
lO/l/56-BO
12/1/52-F

5

yr

3/15/57-59

7 yr

2/l5/5l*-A

B

^B

1 yr
1 yr

8/15/53 -c 5/

m

1 yr

B

9i
11
11
11
11^
5

B

B
B
B
B

yr

Ui B
5 yr

ii

U| B

•

•

11
1

10/1/51-A
7/1/51-B
3/15/55-A
7/1/51-C
7/1/51-D
8/1/51-E
10/15/51-F
li/l/51-O
12/15/55-B

lO/W?!-^

II

irr

lyr
lyr

6/15/58
6/1/53-B
8/15/53-0 2/
12/1/53 -A

m

12i

10/1/50 -E
3/15/5H-A
1/1/51-A

,

•

4,801

yr
yr

5 yr
5 yr

nj
11

B
B

2

in

1 yr

1 yr
5 yr
1 yr

1 yr
5 yr

11,693

35

Fobruary 195)
.DEBT OPKRATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
Called or jnaturity security l/
Date of
refunding
or retirement

Description

1-lA* Certifier >

-

Treasury Bulletin

36

.UHTTED STATES SAVINGS BONDS.
United 3tatee savings bonds were first offered In
March 1935 a"^ began to mature In March 13^^. Series A-D
were sold between March 1935 BSiA the end of April ig^l,
and Series

E,

F,

and

were first offered In May

When Series E began to mature on May

1,

ig"*-!.

and K, also at higher Interest rates.

A new current-Income
similar In Interest return to Series E,
was offered beginning June L. For details of these changes

bond,

Series

H,

see "Treasury Bulletin" for May 1952, page A-1.

1951, owners of the

matured bonds were offered three options: To redeem the
bonds In cash In accordance with the original terms; to

In the tables which follow.

Series A-F and J sales

are shown at Issue price and total redemptions and amounts

retain them with an extended maturity of 10 years at

outstanding at current redemption values.

specified rates of Interest accrual; or to exchange them

Matured bonds which
have been redeemed are Included In redemptions.
Data by
denominations and sales by States are published on a
monthly basis but not In each Issue of the "Treasury
Bulletin".

for Series
May

1,

bonds.

A number of changes became effective

1952. The principal ones were:

The rate of Interest

accrual on Series E was Increased, especially for the near
term, with corresponding changes In extended Series E;

Series F and

and

Series

are shown at face value throughout.

were replaced by two new issues. Series J

Table 1.- Sales and Redenptlons by Series, Cmnulatlve through December 31, 1052
(Dollar amounte In nilllonB)

Sorlea

(J,

H

,

emd K

,
,

..

February 195)

37

.UNITED STATES SAVIHGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E through K
(Dollar anounta In millions)

Accrued
discount

Bedenqitlons 3/

Sales plus
accrued
dlecoaot

Sales
price

Acomed
discount

Amount outstanding ( Interestbearing debt)

Monthlj redemptloDS
as percent of amount
outa tending

Series E and H combined

Fiscal years:
12,001
11,820
11,553
6,739

35
118
265

19'.7
191.8
19't9

T.,287
l.,026

536
633

278

753

1950
1951
1952

3,993
3,272
3,296

895
1,035
1,111

19'.1-19''3

19IA
igiks

xsM

I.,

1.31.

12,035
11,938
11,818
7,173

71.9

2,100
3,81.6

5,912

11,821.

11,391

659
5,032
I., 887
I., 307

3,825
3,530
3,521

It,

It,

1.07

11,295
I.,

008

748
2,095
3,825
5,843
4,288
3,689
3,368
3,326
3,987
3,583

1
5
20
69
103
136
162
195
307
425

11,287
21,125
29,097
30,358
30,791
31,625
33,127
34,494
34,506
34,905

2
11

15,957
25,515
30,727
30,263
30,997
32,188
33,766

Calendar years:
19lH-19'.3

17,1.78

19W1
19*5

12,380
9,822

80
182
353

17,558
12,562
10,175

1,601
3,005
11,963
5,li23

1,598
2,993
4,925
5,330
3,813
3,575
3,274
3,667
3,688
3,622 p

38

191.6

l.,l.66

1.93

11,959

i9'»7
191.8

l.,085

11,661.

19119

1>,208

1950
1951
1952

3,668
3,190
3,575

579
696
818
971
1,080
1,120

1.73

ko6

363

43

33I1

290
304

44
40

34,794
34,826
34,849

1,17

366
368

313
303
313

41
37
37

311,839
311,839
311,905

1.02
.98
1.00

33I1

44
40
38
41
33
39

311,950

1.08

35,019
35,055
35,116
35,206

,91
.96

l.,22l.

11,920

3,930
3,728

5,025

3,ltl.8

11,639
"1,270
11,694

3,912
l.,036

4,098

93

U6
154
17I1

245
348
I175

311,1193

311,727

P

35,324

Montiis;
36I1

1952 -January.,
February,
March,, ,,,

288

109
78

281.

81.

April
May
June

267
250
293

77
91

31.ll

35I1

3111

31.1

3I15

123

1.16

350

107
78

1.22

August,,
September

316
309
290

83

October,
Norember ,
December,

310
271
33"*

76
91
123

373
386
362

377
319
337
325
272
338

July

,

,

387

1.56

279
299
281.

239
299

35,32li

,96
.99

.93
.77
.96

Treasury Bulletin

38

.^_ UNITED STATES SAVIBGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In millions of dollars]

Accrued
discount

Fsrlod

Bedamptlons 2/

Sales plus
accrued
discount

Sales
pcrlce

^

Anount outstanding ( interestbearing debt

Accrued
discount

Tlscal jears;
and 19*2..

3,729
8,271

1
33

3,731

19113

igiA
19^^

u.aao
U,553

U8
265

6,739

1*31*

11,938
U.,818
7,173

l»,287

536
633
753
895

I9I1I

,

191*6

,

igiiT

19^8

1*,026
It,

191*9

1950
1951
1952

278

3,993
3,272
3,266

,

.035

111

8,301*

60
689
2,100

60
688
2,095
3,te5

5

5,912

5,8li3

20
69

11,821*

11,391

li,288

103

11,659

3,825
3,530
3,521

136
162
195
307

1*,377

U,008

3,689
3,368
3,326
3,987
3,583

7,11*1*

220
1,380
3,005

220
1,378
2,993

1*,963
5,1*23

l*,925

5,032
887
U,307
It,

3,81*6

1*,295

3,671
11,287
21,125
29,097
30,358
30,791
31,625
33,127

1

311,11911

311,506
3lt,875

1*25

Calendar years:
191*1

and 1942..

12,380
9,822

10
70
182
353

l*,l*66

1*93

lt,959

579
696
818
971
,080

li,661i

.,120

288

109
78

281*

91

April
May
June

267
250

July
August.

7,131*
10,31*1*

191*3
191*1*

191*5
191*6

,

191*7

I*,

085

19U8

I*,

221*

10,l*lli

12,562
10,175

920
5,025
It, 639
It, 270
It,

3,930
3,728

5,330
3,813
3,575

6,923
15,957
25,515
30,727
30,263
30,997
32,188
33,766

2

11
38
93

116
151*
17I*

3,lili8

3,271*

1*,513

3,912
It, 036
It, 098

3,667
3,688
3,622 p

1*73

1*06
331*

363
290

1*3

366
368

1*1*

3U,a26

31*5

30I*

1*0

311,81.9

77
91
123

31*1*

35I1

3111

31*1

386

350

313
303
313

Ul
37
37

311,839
311,839
311,875

107
78

386
360
350

377
319
337

33lt

1*1*

31*, 881*

279
299

ho

3l*,926

Septeober.

280
282
267

October..
November.,
December..

286
253
310

76

91

3IA

325
272

123

I133

338

191*9

1*,208

1950
1951
1952

3,668
3,190
3,393

Months;
1952 -January...
February..
March . . . .

36I*

263
...

63

21*5

311,1193

31*8
1*75

P

311,727
35,1113

311,7911

38

3'*,939

sa

1*1

3l*,976

239
299

33
39

35,01*8
35,11*3

Series H kj

Fiscal yearl
1952

30

30

30

182

182

181

30

30
66

Calendar year;
1952

Months;
195a -Juno

July
August.

30
36
...

27

36
27

September.
October, .
NoTember.
December..

23

23

21*

21*

Footnotes at end of Table

1*.

18

18

21*

21*

(Continued on follovlng page)

93

116
139
158
181

J
.

Febniani 195

39

.UNITED STATES SAVINGS BOKDS.

Table 3.- Sales and Redemptions by Periods, Series E through K - (Continued)
(In mllliona of dollars)

Accrued
discount

Bedemptlons

Sales plus
accrued
discount

Sales
price

Accrued
discount

Amount outstanding ( Interestbearing debt)

Series F 5/

Fiscal years!
igltl

and 19li2.

191*3

19Wt
igit?
19'>6

502
75a
802
679
1*07

MT

360
301

igitS

19^9
1950
1951
1952

1*73

231
31*7

97

2
9

502
760
811

19
33
1*7

61
73
83
90
96

362

2

3

3

1*99

17
58
89

17
57

1,21*2

88

1

2,60lt

l*JtO

11*9

11*7

1*07

197
198

3
6

2,895
3,099
3,255

311*

203
206
216
199

1*37

21*8

193

229

861
750
786
621
365
396
566
311
503
217

7
35
77
106

698

51*5

1,996

9
12

201*

185

lit

227
207

21
21

3,581*

3,699
3,889
3,853

Calendar years!
I9IH and 19te.

860

191*3..".

7"*5

It

773
595
325

13

25

ig"*?

31*2

51*

19U8
igkg
1950
1951
1952

1*98

67
78
87

19>*l*

IS"*?
191*6

233
1*17

12h
1*6

llO

93
100

85I1

7
35
77

1
1

lOli

l!»6

189
203
2S2
202
223
259
190

29
16
15

17
lU
16

15
13

18
15

16

16

11*

18

16

185
196

ll

7

2U
189
206
237
169 p

11
12

17
22
22

1,569
2,278
2,793
2,969
3,162
3,505
3,615
3,895
3,853
3,809

Mont^!
1952 -January..
February.
March....

16
10
9

5
6

April....

10

6

1

7

13

3,866
3,867
3,867

ll*

June.....

11

16
8
11

July
August
September

Ik

11*

6
6

6

II

October.
November,
December.

7
7
12

7

11*

12 p

7

12

16
16

ll*

May

—

3,865
3,858
3,853

13

3,81t9

3,838
3,829

6

ll*

p
p

3,822
3,813
3,809

Treasury Bulletin

1^0

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series B through K

-

(Continued)

(In ffllUions of dollars)
Acorufid

Sales 2/

dlscouat

Series

Fiscal years;
I9I1I and 19112..

Redemptions

Salos plui)
accrued
discount

Sales
price

Accrued
discount

Anount outstanding ( Interestbearing debt]

5/

2,759
2,876
2,638

12
55

12
55

131.

131.

19l'5

2,U27
2,759
2,876
2,658

220

220

5,119
7,861
10,299

19't6

2,1.65

2,1.65

3I.8

31.8

12,1.16

19'i7

2,561
1,907
2,390
l,Wt9

2,561
1,907
2,390
1,1*9

1.69

1.69

566
619
621

566
619
621

1,523

1,523

791.

791.

ll22

1.22

783

783

508
15,850
17,621
18,W.8
19,177
18,816

3,701

3,701

2,61lO

2,61.0

2,891
2,520
2,637
2,267
2,573
1,39a
1,990

2,891
2,520
2,637
2,267
2,573
1,392
1,990

31
89
181

31
89
181

261.

261.

1.26

618

U26
512
618

613
682

613
682

61.6

61.6

831.

831.

19,006

181

181

739

739

18,UJ.8

61

19't3

19W»

19^8
19l>9

1950
1951
1952

2,1.27

2,1.11.

11.,

Calendar years I
I9IH and 19''2..
19^3
19Ut
19'>5

19't6
19''7
19l'8
19't9

1950
1951
1952
Months:
1952 -January...
February .
March

April
Msy
June

512

3,669
6,221
8,931
11,183
13,397
15,152
17,108
17,887
19,191.

61

63

1.2

1.2

56

38

63

63
56
63

19, OC^
18,989

38
37

37

62
63
62

62
63
62

18,939
18,880
18,816

69
60
61

69

18,71.8

60
61

18,687
18,627

57
56
66

57
56
66

18,511.

U
-1

1.

July
August, . .
September,

October. .
November .
Deceaober.

18,961.

18,570

18,W.8

Series K 6/

Fiscal year:
86

86

277

277

277

29
57

29
57

29
86

July
August...,
Septanber.

1.3

1.3

37
30

37
30

128
165
195

October..,

28

28

223

Ncrreniber.,

23
31

23
31

21.6

1952

Calenlar year:
1952

Months:
1952 -May

June

Deconber.,

Source: Dcilly Treasury Statonent; Office of the Treasurer of the U, S.
Footnotes at end of Table 1.,

277

J
February

1

95

Kl

.UNITED STATES SAVINGS BONDS.

Table 4.- Redemptlone of Matured and Unmatured Savings Bonds

Treasury Bulletin

kz

.UNITED STATES SAVINGS BONDS.

Table 5.- Sales and Redeoiptlone, by Denoial nations. Series B and U and Series F, G, J, and K
(

In ttaousanda of pieces

:

Februani 19iJ

"^i

.UNITED STATES SAVINGS BONDS.

Table 5.- Sales and Redemptions, by Denominations, Series B and H and Series F, G, J, and K

(Continued)

(In thouBanda of plecea)

Series F, G, J,

aM

E combined 6/

Total, all
denoitt-

inationo

Fiscal years

*25 1/

$100 8/

$500

$1,000

$5,000

$10,000

$100,000 2/

Treasury Bulletin

1^1^

.UNTIED STATES SAVINGS BONDS.

Table 6. - Sales by States, Series E and H

Combined

(In ttaouBende of dollara at leena price)

Inception
throogh
Deo. 31,
1952
Alabama.
Arizona
Arkanaaa

California
Colorado
Connecticut

Delaware
District of Columbia
Florida

1952

Jan.

Feb.

Apr.

May

July

Aug.

Sept.

TOSiTlH
232,131
•12,157

2,''31

1,011.
l,l>3l>

1,791
1,024
1,243

2,086
924
1,309

1,866
852
1,172

2,664
984
1,377

1,662
551
1,658

2,901
1,230
1,568

2,848

1,020
2,071.

li,966,lt20

528,368
1,122,107

19,638
2,350
5,008

15,867
2,009
4,869

15,001
1,768
4,006

14,665
1,800
4,724

14,886
1,801
3,927

14,902
1,811
4,057

10,234
1,897
3,971

17,139
1,607
4,567

152,805
806,025
790,295

815
3,285
3,036

553
3,1.23
3,1.36

516
2,938
2,776

618
2,827
2,959

4l6
2,931
2,771

605
3,158
3,451

473
3,384
1,658

7a,553

2,199

2,698
929
1,685

2,303
762
1,509

I6,8l4
2,620
3,705

17,213
2,413
'•,333

14,346
1,856
3,900

625
2,480
4,091

586
3,263
3,309

580
3,342
4,358

447
1,900
3,526

612
1,508

2,727

3,11.2

193,500

55l>

5,19^*,92'i

29,71.1

Wt3
22,723

2,669
332
22,132

2,789
382
22,095

2,527
318
19,984

3,069
453
24,767

1,862
314
28,733

4,557
361
24,478

2,868
565
24,627

3,816
478
25,136

3,260
469
23,333

Indiana. ............
Iowa
Kansas ..............

1,782,U69
1,726,329

10,001.

8,083
6,253
6,968

7,258
5,611
3,754

6,891
4,566
3,070

8,749
6,806
3,903

9,094
6,865
4,236

7,888
6,431
4,736

8,590
6,621
4,244

8,813

lt,785

8,389
6,063
5,715

6,371

1,017,211.0

4,4a

8,204
6,464
2,307

Kentucky
Louisiana. ..........
Maine

711,3l»5
701,10li

3,752

2,829
2,361

2,657
2,406

2,559
2,144
897

2,218
2,065

3,249
2,281

3,278
2,338

3,390
2,215

817

1,060

2,960
2,693
880

879

783

3,022
2,348
908

2,579
2,261
856

3,288

3,437
8,011
18,903

3,567
7,033
15,252

3,594
7,547
18,176

3,451
7,946
14,996

Georgia
Idaho
Illinois

10,882

277,000

3,11.2
l,ltfO

Maryland. ...........
Massachusetts .......
Michigan

829,702
2,101,121

12,351.

3,5l6,li86

18,193

Minnesota.
Mississippi
Missouri

l,'^01,99^
1*26,7113

5,858
1,793

1,756,877

9,1.91.

Montana..
Nebraska,
Nerada

3,901

923

3,585
8^728
17,368

3,121
7,716
18,137

3,239
7,642
18,625

3,022
7,893
14,710

16,680

3,107
7,573
17,175

11,727

1,581
7,686

4,135
1,434
7,132

4,211
1,464
7,661

3,639
957
6,703

4,711
1,503
9,252

5,830
1,885
8,876

5,090
1,627
8,232

4,569
1,466
8,663

5,641
1,434
8,799

4,662
1,464
6,646

8,U4

331,179

1,320

880,lt33

l.,73l.

1,128
4,067

1,099
5,979

75,720

361.

311.

182

987
4,958
221

904
3,384
245

1,307
3,980
282

1,725
3,821
239

1,262
4,169
197

1,346
5,134
380

1,750
4,602
355

1,326
3,196
252

New Hampshire .......
Hsv Jersey
Nev Mexico

173,9^9
2,U68,301
153,655

855

658

H,715

IJ.,037

680

586
10,374
599

556
10,365

772

584
10,727
570

553

678
11,892
542

786
10,943
570

768
11,960
724

654
12,426
651

735
12,927
554

694
10,382
501

Nov Tork
Rol-th Carolina
North Dakota

8,062,361
823,836

1.7,206
l.,207

3'»8,lli3

1,653

29,310
2,808
1,561

30,660
2,665
1,001

28,447
2,434
969

28,449
2,078
917

31,291
2,848
1,115

35,724
2,751
1,449

35,198
1,966
1,212

31,021
2,794
1,226

39,612
2,894
1,268

30,619
2,696
1,254

Ohio
Oklahoma. ...........
Oregon

't,Ol>6,739

23,771

20,288

li,177

3,221.

2,501

1,625

17,977
2,999
1,453

18,192

8o6,22lt
7't5,933

2,570
1,550

17,081
2,474
1,431

20,586
3,084
1,719

13,626
3,612
1,655

21,002
2,945
1,669

20,999
4,605
2,572

22,377
4,210
2,119

18,487
2,366
1,668

Pennsylvania
Bhode Island
South Carolina

5,207,771

35,556
1,798

26,366

25,493
1,105
1,389

25,367
998
1,548

26,316
1,183
1,688

1,075
1,667

24,706
1,138
1,293

25,337
1,055
2,010

26,708
1,016

1,726

23,029
1,164
1,430

27,218

1,71.8

1,373

22,999
1,172
1,968

1,837
2,976
10,998

1,644
2,908
9,197

1,445
2,086

1,401
2,565

1,521
1,882

7,603

7,862

7,'*52

1,669
2,546
8,759

1,903
1,837
7,744

1,665
2,727
9,063

1,452
2,689
6,252

l,6a4
2,994
10,015

1,671
2,532
9,551

1,047
351
4,709

939
284
4,132

1,062

943
263
3,829

1,060
256
4,870

783
373

4,738

902
335
3,905

1,625
270
5,076

868
299
4,793

1,114
297
3,999

4,034
3,415
5,613

3,437
3,107
5,077
453

3,642
2,749
5,254

3,445
2,536
4,632
510

3,754
2,864
7,477
562

3,421
2,639
7,629
545

2,345
2,392
6,565
446

5,886
2,831
7,260
645

4,522
2,703
6,992
618

3,530
2,634
6,081
269

183
920

136
1,099
90

125
1,079
U.5

146
954
117

150
656
86

155
1,816
230

5

5

7

3

156
571
113
7

145
1,547
158
4

31*9,285
lio8,570

South Dakota, .......
Tennessee
Texas

2,li87,3l»6

Utah
Vermont ,,,.
Virginia

270,71*
99,095
1,113,277

1,003

Washington
West Virginia
Wisconsin

1,223,801
616,066

U,8u

Wycanlng ,....

Canal Zone. ...••....
Hawaii
Puerto Rico
Virgin Islands
Other possessions...

381,81.5

756,339

1*59

5,5:2

6,206
7,389
664

l,l>95,ltl7

138,107

i,iiaa

583

142

288
4,103

498

199
989
125

1,098
109

3

5

87
1,107
107
4

+1,059,675

+16,821

+15,310

+27,881

+13,943

+15,060

+18,791

+48,257

+31,164

+12,372

+12,765

+18,443

67,093,053

363,622

287,505

284,404

266,733

249,750

293,337

315,528

309,073

290,498

309,658

271,007

113,909

312,906
Ii3,lt61t

2,08lt
3li,U68

137
6

2/

Adjustaaant to Dally

Treasury Statement

Total

Source! Dally Treasury Statement and reports frcK Federal Beserre Banks.
1/ Sales of Series H began June 1, 1952.

2/

Cumulative through March 31, 1947; no repocrta since that date.

Fcbruurii 1957

^5

.UNITED STATES SAVINGS BONDS.

Table 7.

-

Sales by States, Series F, G, J, and K Combined -J^
{In thousands of dollara at lasue price)

Inception

1952

through
Dec. 31,
1952

Alabama
Arizona
Arkansas

Z12,lh6
65,620

633
170

505
220

525

61*6

1*51

1,715, '*92

3,188
575

2,066
36I*

951*

95,801
2^7,929
312,532

276
687
1,130

255,123
65,808
2,320,129

900
121

1*99

7,51*9

98
5,730

700,259

3,203

1,912

12'',

California
Colorado
Connecticut

235,005
527,699

Delaware
District of Columbia
Florida

Georgia
Idaho

Illmoia
Indiana
leva
Kansae

•...

Kentucky
Louisiana
Maine

,

Minnesota
MisslSBlppi
Missouri

288
121

July

Aug.

1*61*

1*85

51*0

1*37

1,113

176
327

186

21*7

206
379

168
308

299
220

1,691
361

1,565

2,221*

m

2,326
332

2,585
369

2,095
299

2,656

30I*

533

393

1*11*

1*50

1*70

523

1*21*

281*

151
310
682

101*

lOl*

77

80

90

31*1*

601
778

1*16

1*35

1*82

72
392

1*51*

1*75

527

1*27

1*11*

876
257
5,675

916
269

1,018
299

21*2

5,931*

6,591*

5,31*6

,025
,681
781

2,118
1,758
817

2,353
1,953
907

1,908
1,583
736

1,1*35

182
237

61*6

532
80

5,386

11*5
l*,12l*r

1,721
2,951
1,211

l,636r
l,591r

31*2

825

4,018

485
397
2,927

1,011*

1,249
1,708
1,095

1,116
1,877
622

665

805

a2

936

1*1*0

51*1

211

565
220

628

121*

21*5

759
509
199

543
326
66

387
380
390

378
382
67

1*01,11*3

511*

305

388

802

51*1

625
1,691

1,769

827,300

1,570
3,205

395
796

651*

1,350,11*1*

2,531*

1,651

726
1,965
2, 605

589
1,593
2,112

263
1,157
2,202

262
635
2,109

4l6
608
1,396

589,310

1,71*1

1,000
399
1,792

91*1

237
1,896

1,177
256
1,613

950
l4o
784

512
833
323

236

139,61*1*

703

778,037

3,001*

368
1,632

2,21*2

2,31*5

1,595
21*7

1,667
259

1,1*09

1,1*75

1,853
287
1,637

1,502
233
1,327

505
1,101
112

528
1,151
117

588
1,278
130

1*76

la

1,037
105

1,150
39

11*1

127
1,085

4

1,205
58

157
1,338
65

7,31*2

221*

57

Ml

Nev Hampshire
New Jersey
New Mexico

105,932
856,978
53,859

1*5

35

21*

2,31*1

1,1*1*1

1,050

1,253

188

226

1*7

33

135
1,152
55

8,180
618

l*,00l*

3,71*7

2,901*

7,022

8,158

6,6lU

671*

577
167

536

596

1*83

665

233
180

513

61.1*

1*11

1*29

1*77

387

5,1*09
1,1*51

2,623

3,101*

3,21*6

531*

1*63

1*81*

3,606
539

2,921*

61*5

2,513
571

2,298

221*, 308

225,006

525

375

311*

293

398

1*16

1*62

375

2,158,U79
198,032

6,532
327

3,91*3

3,921
78

3,1*82

208

3,788
230

11*3,312

21*3

11*3

211*

3,260
199
558

3,1*09

1*1*2

58I*

61*9

South Dakota
Tennessee
Texaa

121,626
279,630
750,916

561

500

1*51

559

56I*

590

656
882
1,732

Utah
Vermont
Virginia

28,1*1*2

New York
North Carolina
North Dakota

l»,5U2,Ol*6

Ohio

1,51*2,091*

297,701
119,973

189

126

1,101*

51*0

1*1*9

531*

759

791*

3,771*

2,008

1,1*1*1*

1,358

1,1*91

1,559

207
191
906

126
90

85
120

23
79

523

1*13

M*8

175
86
558

183
90
583

201*

31*5,213

391,1*55

1,078

799

31*0

632

618

61*6

155,192
755,819

852

27I*

1*92

21*5

2,116
1*42

39

203

257
2,199
110

719
285

2,300
186

277
1,830

6

22

151

71*

10
85

60,355
59,575

Wyoiolng

1*7,980

Canal Zone
Hawaii
P\ierto Rico.
Other poaBeasione,,

7,573
72,103

27

1,313

951
315
1,909

1,507
21

l,03ltr

2,103
106

101
61*8

2,1*1*3

123

60

28

510
52

151
982
339

1,036
380

3,652
404
394

4,524

2,8o4

321
622

323
510

3,269
571
714

2,4o8
668
239

2,935

3,071
187
526

2,4o4

3,321
59
49

2,440

532

281
215

1,1*01*

373
536
2,363

315
445
824

165
81
526

220
124
627

393

23
320

582

554
116
1,143
204

537
305
1,516
33

442
309
1,244
39

3

58
120

226

52

1*36

715

231
1,981
99
22
255
36

5

ll*,258

1,048
125

103

269

70

152
291

57
53

24

48

4

7,273 Zj

1,767,101

+35,932

-2,238

*935

+1,1*71

+6,932

-9,097

+17,1*21*

-7,732

-1,253

-3,676

-2,329

-613

28,755,213

77,568

51,699

1*6,71*1*

1*6,591*

1*2,233

71,064

51,838

47,347

39,262

38,070

31,879

Source: Daily Treasury statement and reports from Federal Reserve Banks.
1/ Sales of Series F and G were discontinued after April 30, 1952, and
sales of Series J and K began on May 1, 1952.
2/ Cunulative through July 1951; no reports since that date.
State figures exclude purchases of Series F and G bonds by co^meI^:lal

^

874
32

U19
221

31*7

Total.

359
68
4,176

1,981*

2,011

Adjustment to Dally
Treasury Statement.

116
260
780

621

813
626
112

289

Co mmercial banks i/..

484

1*5

1,328
1,098
200

1,1*85

,.

259
1,175

358,967

71*5

1*02

Washington
West Virginia
Wisconsin

1,407
209
339

1,907

2,100
131

PennsylTanla
Hhode Island
South Carolina

,389
196
362

281*

2,1*83

379,1*52

,

552
15
151

1,858

102,305

Oregon

915
49

246

1*,033

Montana
Nebraska
Nevada

Oklahcana,

Sept.

803,l>59

159,208
,

521*

Hay

360,379

259,1*11*

Maryland
Massachusetts
Michigan

Apr.

banks, which were permitted within certain limitations concurrently
with the last five war loans and in 1948 and 1950. For details of
these offerings, see annual reports of the Secretary of the Treasury
for I9I1I*, 1945, 1946, 1948, and 1951.
Pavlsed.

Treasury Bulletin

46

.

five serlee:
June 22,

19'*3;

September 12,

TREASURY SAVINGS NOTES

Tax Series A from August 1, 19'H, through
Tax Series B from August 1, igU-l, through

19'+2;

Savings Series C (originally designated

Tax Series C) from September ll^, 19M2, through August Jl igW;
Savli^s Serlee D from September 1,19'*«, through May Ik, I95I;
,

and Savings Series A beginning on May I5,

and redemption and Investment yields of Savings Series A
appear

ment yields, and tax payment or redemption values of
Series A and

B,

see "Annual Report of the Secretary of the

pages 207 and 220, and for solee and
redemptions by fiscal years and months, see 'Treasury
Bulletin" for February 1946, pages 42 and 43.

Treasury" for

19'+2,

1951-

Details concerning terms and conditions for purchase
In the June I95I Issue of the "Treasury Bulletin",

page A-1.

.

Similar Information with respect to Savings Series D

In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for oash or for tax payment ) are
Included In the figures on redemptions. Matured notes

outstanding are reflected In the Interest-bearing debt

will be found In the October 194« and September I9U9 Issues,

until all notes of the series have matured,

and with respect to Savings Series C In the October 19^5

transferred to matured debt upon which Interest has ceased.

Table 1.- Sales and Redenptions by Series, Cumulative through December 31, 1052
(in millions of dollara)

\ihen

they are

J

)

Fobritary 195

^7

-OWHERSHIP OF FEUEBAL SECURITIIS.

Table 1.- Dlatrlbutlon of Federal Securities by Classes of Investors and Types of Issues
(in

win 1 oca

of donors

.

.

.

1

9
5

3.

.

9
8

7

3
g

9
6

U

hs

Treasury Bulletin
.OWKEPSHIP OF FEDERAL SECUPITIES.

Table 3.- Estimated Ownership of Federal Securities
(Par valuoB 1/ - In bllllcmB of dollars)

End of
month

Total
Federal
eeourlties
outatandine 2/

Held by banks

Held by private nonbank Investors
U. S.

Conniier-

Total

olal
banks

Federal
Eeeerre
Banlca

a/

Individuals 5/

GoTenmont
InTestsnant

accounts kj

Total

Savings
bonds

other

Insurance
companies

Mutual
savings
banks

Corporations 6/

State and
local
governments 2/

WSS-Deo ember.

1*7.6

18.1*

15.9

2.5

6.5

22.7

1.9

8.2

6.3

3.1

igUO-June

ll8.5

50.9

18.6
19.5

16.1
17.3

2.5
2.2

7.1
7.6

22.8
23.9

10.1
10.6

2.6
2.8

7.5
7.8

6.5
6.9

3.1
3.2

19'H-June
December.

55.3
6U.3

21.8
23.7

19.7

8.5
9.5

25.0
31.0

11.2
13.6

3.6

7.6

5.1*

8.2

7.1
8.2

3. It

21.1*

2.2
2.3

3.7

19lt2-Juno
Deceniber.

77.0
112.5

28.7

26.0

37.7
53.0

17.8
23.7

3.9

.9

13.1*

8.7
10.3

9.2

1*1.1

10.6
12.2

9.1

1*7.3

2.6
6.2

U.3

lt.5

1.0

19lt3-June

11.7
12,9

13.1
15.1

5.3

1.5

21*.

6.1

2.1

.1*

2.1
2.0

.1*

.5
.6

1*.0

.7

lliO.S

59."*

11* .3

170.1

71.5

52.2
59.9

7.2

December.

U.5

16.9

67.0
81.7

30.9
37.6

1944 -June
Decembar.

202.6
23s.

83.3

68.1*

lit

53.3

31.2
36.2

15.1
17.1

17.3
19.6

7.3
8.3

3.2

18.8

100.2
llU.O

20.0

77.7

19.1
21.7

1*6.3

96.5

21.1*

1*.3

igUj-June
December.

259.1
278.7

106.0
115.0

81t.2

21.8

21*

27.0

59.5
6U.3

1*0.7
1*2.9

22.7

21*.

128.2
136.6

18.9

90.8

21.1*

21*.

9.6
10.7

22.9
22.0

6.5

19li6-Februai7 (Peak)

279.8
269.9
259.5

U6.7

93.8

28.0
29.1

U.l

1*3.5

20.8
20.0
20.1

21*. 1*

63 .U

21*.

7lt.5

135.1
132.6
130.7

1*3.3

81t.lt

22.9
23.8
23.3

6l*.l

108.2
97.9

11.5
11.8

19.9
17.7
15.3

258 .U
257.0

91.9
91.3

70.0
68.7

21.9
22.6

32.8

19U8-June
December.

252.lt

85.9

61*

1949-June
December.

252.8
257.2

1950- June
December.

257.'*

June
DecesDber...
19'*7-June

Deconber.

252.9

256.7

.9

.9

6U.2

ltlt.2

66.1*

20.9

21*.

31* .1*

65.7

1*5.5
lt6.2

19. It

35.8
37.3

130.7
129.7

65.8
65.3

1*7.1
lt7.8

8.7
8.8

17.9
17.1
16.8

10.5
10.2
10.1

lit.

l6.lt

9.8

21.3
21.1
21.2
21.6

9.1

lit.

.6

l6.lt

15.2

16.3
16.2

9.8
9.8
9.8

21.9
22.6
21.2

9.9
10.0
10.1

16.2
15.9
15.7

9.8
9.8
9.6

20.7
21.6
20.0

10.2
10.2

15.9
16.0
16.1

9.8
9.7
9.7

20.8
21.3r
20. ar

10.7
10.8
10.9

16.0
16.1

9.6
9.5

21.0
21.1

10.9
10.9

20.8

39.2

131*.

39.8

131*.

65.2

1*9.3

Itl.O
lt2.0

132.9
132.2
131.8

61* .It

1*9.1
1*9.0
1*9.1

13.9
15.3

1*2.7
1*2.9

132.3
133.8
132.5

63.7

259.8

8I*.8

26o.lt

83.8
82.6

62.1
61.2
60.1

22.7
22.5
22.5

60.5
61.0

22.1*

1*3.2

1*3.7

61.1

22.3
22.9

62.7
61.8
61.5

22.9
23.1
23.7

ltl*.6

63.0

23.6
23.8

^

19.0
20.8

17.0

1952 -January..
February.
March. . .

U/

U.6

1*9.9
1*9.6

59.5
61.6

^

19.8
18.7

66.8
65.a

85.1*

2/

8.0

135.6

83.2

^

15.7
17.0

37.8

259.5

86.5
87.9

U.6

18.3

22.9
23.0
23.7
23.8

265.0
267.5

20.5
20.1

lt9.3

58.lt

October. ...

17.9
16.8

U8.8

57.8

Kovember p.

7.8
7.9

66.1

81.1*

263.1
263.2
262.7

13.6
1U.8

66.-;

80.7

July
August ....
September

12.0
11.5

132.2
132.1

65.6
61.8

3

22.8
21.2

39.1*

83,9
82.6

82.8

18.6
17.6

38.3

257.it

258.3
260.0
259.2

7.3

19.3
18.9

255.0
255.3

April.
May...
June..

7.1

ll*.l

23.3

63.0

61t.l

1*2.3

63.8
63.6

15.fi

1*9.1
1*9.1

11*

61*.
61*.

1*9.1

15.1*

132.3
132.9
130.8

61t.l

1*9.1
1*9.0
lt9.1

15.1

132.9
133.3
132.5

63. 9r
63 .Sr

lt9.1

11*.

lt9.1
I19.I

ll*.7r

63.8

1*5.1

133.3

11*

.7

131* .0

63.8
63.9

lt9.1

1*5.5

1*9.2

11*

.7

1*3.0

1*1*.3

1*5.0
lt5.1

63.9
63.3

Ibilted states savings bonds. Series A-F and J, are Included at

6/

current redemption values
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the "Treaeury.
Consists of commercial banks^ trust companies, and stock savings banks
In the Ibilted States and In Territories and Island possess ions.
Figures exclude securities held In trust departments
Holdings by Federal land banks are included uuLer "Miscellaneous
investors" instead of **U. S. Government investanent accounts" beginning
June 30, 191*7, since the proiirietary Interest of the United States
In these banks eoled June 26. I9U7.
Includes partnerships and personal trust accounts. Hcsiproflt institutions and corporate pension trust funds are Included under "Miscellaneous
investors".

2/
8/

p

r

6.3

23.9

21.1*

66.8

6.7
6.5

13.9

.6

82.1*

5.3

12.1
12.0

62.5

85.7

2lt.9

133.7
131.3

30.9

1951 -March
June
September.
December* •

258.1

19.2

11*

.9

lU.l*

11*. 7r

11.

10.9

8.1

9.1*

9.5
9.6

10. It

Exclusive of banks w"^ insurance ccn^panles.
Consists of trust, sinking, and investsaent funds of State and local
governments and their agencies, and Territories and island possessions.
Includes savings and loan assoolatlcns, nonprofit institutions,
corporate pension trust funds, dealers and brokers, and Investments
of foreign balances and international accounts In this country. Beginning December 19l*6, includes Inveslaents by the International
Bank for Reo one true t Ion and Develoinent and the International Mcmeta27
Fund in apecial nosilnterest-bearlng notes Issued by the U. S. Government.
Preliminary.
Revised,

J

-

Februani 195

^9

.TREASURY SURVEY OF OWNERSHIP, SOVEMHER 30, 1952.
The Treasury Survey of Ownership covers securities

Issued by the United States Government and by Federal
agencies. The banks and Insurance oompanles Included
the Survey account for approximately 95 percent of
such securities held by all banks and Insurance oompanles
In

Data were first published for
In the United States.
March 3I, 1941, In the May 19^1 "Treasury Bulletin".

Information on the distribution of ownership by types
of banks and Insurance oompemles Is published each month.

Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member

bank olasses and nonmember banks Is published for June 30
and December 3I.

Section I.- Securities Issued or Guaranteed by the United States Govemmoit
Table 1.- Summary of All Securities
(Par values

-

In millions of dollars)

Treasury Bulletin

50

.TREASURY SURVEY OF OWNERSHIP, ROVEMHER 30, 1952.

Section

I

-

Securities iBBued or Guaranteed by the United States Govemnent

Table 3.- Interest -Bear log Public Marketable Securities by Issues
(Par values

-

in

alHlnna of dollars)

51

February 195J
.TRKASUPY SURVEY OF OWHKRSHIP, HOVKMHEP 30, 1952.

Section

I

-

Securities Issued or Guaranteed by the United States Govemnent

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Far TaliwB

-

In iiniltnH of dollars)

- (Continued!

Treasury Bulletin

52

.TREASURY SUFVEY OF OWHKRSHIP, NOVEMBEP 30, 1952.

Section II

-

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values

-

In BlllionB of dollars)

February 195)

53

MAEKET QUOTATIONS, DECEMHEE 31, 1952.
The latter are the only public marketable

Current market quotatlona shown here are over-thecounter cloBlng quotations In the New York market for

debentures.

the last trading day of the month, as reported to the

Section II lists the public marketable securities

Treasury by the Federal Reserve Bank of New York.

Issued by Federal agencies but not guaranteed by the
United States Government. Dally quotations for the
securities listed in Sections I and II are published
monthly In the Treasury Department statement, "Prices
and Yields of Public Marketable Securities Issued by

The

securities listed In Section I Include all public
marketable securities issued or guaranteed by the
United States Government except those not regularly
The Issues excluded are postal
savings bonds and Federal Housing Administration

quoted In the market.

Section

I

interest-bearing guaranteed securities outstanding.

the United States Government and by Federal Agencies".

- Securities Issued or Guaranteed by the United States Govemoient

Table 1.- Treasury Bills (Taxable)

Treasury Bulletin

5^
MAEKET QUOTATIONS, DECEMBE? 31, 1952-

Section

I

-

Securities Issued or Guaranteed by the United States Government
Table 3.- Other Taxable Issues - (Continued)
iPrlce dsclmole are 32nda)

February 195)

55

MAHKET QUOTATIONS, DECEMBER 31, 1952-

Section II

-

Securities Issued by Federal Agencies but not Guaranteed by the United States Govenunent
Table 2.- Other Issues (Taxable)
(Price declmalB are 32nd8)

Treasury Bulletin

56

MAHKET QUOTATIONS, DECEMHEK 31, 1952.

YIELDS OF TREASURY SECURITIES.
Based on Mean

of Closing Bid

DEC.

31,

and Ask Quotations

1952

.

.

57

Fcbrttani \9iJ

_ YIELDS

OF TREASUEY AND COKPORATE BONDS.

Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per annum)

Treasury bonds
Partially
tai-eiempt
1/

Taxable

1/

Treasnr7 bonds

Highgrade
corporate
bonds

PartlaUj
tax-exempt
1/

Annual aeries

1935
1936
1937
1938
1939

2.79
2.69

191(0

2.26

2.7!(

2.61
2.1(1

3.1(6

191(1.

3.19
3.27
3.12
2.92
2.77

191(2.

-

Feb.
Mar.

2.48
2.48
2.49

Apr.
May.
June

2.19
2.19
2.22

2.49
2.49
2.50

July

2.25
2.24
2.24

27

1,'

Treasury bonds

Highgrade
corporate
bonds

Partially
tax-exempt
1/

2.05
2.09
1.98
1.92
1.66 1/

191(3.
191(5.
191(6.
-

2.1(6
2.1(7
2.1(8

2.37
2.19

2.67
2.75
2.64
2.60
2.54
2.1(4

2.25
2.44
2.31
2.32
2.57
2.68

1951 -Jan..
Feb..
Mar..

2.39
2.40
2.47

ararages of dally series

2.38

2.73
2.73
2.71

Apr,
May..
June.

2.38
2.38
2.38

2.70
2.71
2.72

Apt.,
May..
June.

2.51
2.51
2.57

July.
Aug..
Sept.

2.27
2.24
2.22

2.66
2.60
2.59

July,
Aug..
Sept,

2.68
2.75
2.86

Oot..
Not..

2.22
2.20
2.19

2.59
2.56
2.55 iJ

Oct..
Hot.,

Dec.

,44

2.85
2.84
2.81

1950-Jan.
Feb..
Mar..

2.20
2.24
2.27

2.54
2.54
2.55

1952 -Jan.,
Feb..
Mar..

2.44
2.42
2.41

2.77
2.74
2.73

Apr.
May..
June.

2.30
2.31
2.33

2.57
2.57
2.59

May..
June.

Sept

2.44
2.45
2.45

2.80
2.86
2.85

Julj.
Aug..
Sept.

2.34
2.33
2.36

2.61
2.58
2.62

July.
Aug..
Sept.

Dot.
Not.
Dec.

2.45
2.44
2.44

2.85
2.86
2.81

Oot.
Not.
Dec.

2.38
2.38
2.39

2.654/

Oct..
Not..

Aug.
Sept

Oct.
Not.
Deo.
19U8-Jan.
Feb.
Mar.
Apr.
Mb;.

June

July
Aug.

.36

39
1(5

.45

:
'

1/

1947
1948
1949
1950
1951
1952

1949 -Jan..
Feb..
Mar..

191(7 -Jan.

Taxable

llghgrade
corporate
bonds

calendar year averafies of monthly series

Monthly series
2.21
2.21
2.19

Taxable

2.42
2.39

2.66
2.66

Dec,

Apr.

Dec.

2.57
2.31
2.65
2.60
2.86
2.96

-

Treasury Bulletin

58
.YIELDS OF TREASURY AND CORPORATE BONDS

O
z
o
CD
UJ
q:

o
q:

o
o
<
>cn

<

tn

UJ
(T.

en

c
o
UJ
II

u.

o
o
_i
UJ
>-

Ul
CD

<

UJ

...

February 197)

59

.INTERNAL REVENUE COLISCTIONS.

Table 1.- Sumnary by Principal Sources^
{In thouBands of dollars)

Fiecal year
or month

Total Teceipto from
Internal
revenue
(Dally
Treaaury
Statement)

Individual Income tar and employment taxes

MJustment of
collections
to Dally
Treaaury
Statement

Total
Internal
revenue
collections

Corporation
Income and
prof ItB
taxee 2/

Individual
Income tax
not withheld 1/

Individual
Income tax
withheld 4/

Old-age
Insurance
taxes 4/

Railroad
retirement

Unemployment
Insurance

12,993,113
22,143,969
41,684,987
43,902,002
40,310,333

-36,797
-224,755
+1,565,477
+101,664
-361,589

13,029,915
22,368,724
40,119,510
43,800,338
40,671,922

4,744,083
9,668,956
14,766,796
16,027,213
12,553,602

4,448,162
8,128,637
19,999,378
20,813,491
20,405,364

3,262,800
5,943,917
10,437,570
8,770,094
8,846,947

686,015
7,823,435
10,264,219
9,857,589

191*7

39,379,1*09

1943
1949
1950
1951
1952

41,853,485
40,307,285
39,448,607
51,106,095
65,634,894

+271,136
-11,051
-155,834
+491,482
+660,409
+625,502

39,108,273
41,864,536
40,463,119
38,957,126
50,445,686
65,009,393

9,676,757
10,174,410
11,553,669
10,854,351
14,387,569
21,466,910

21,367,662
23,379,123
20,527,935
19,797,883
26,624,788
33,738,370

9,501,015
9,464,204
7,996,320
7,264,332
9,907,539
11,345,060

9,842,282
11,533,577
10,055,502
9,888,976
13,089,769
17,929,047

1952- January..
February.
March. .

4,769,509
6,062,723
10,640,963

-1*3,595

-908,271
+1,107,122

4,813,105
6,970,994
9,533,841

807,468
310,611
5,912,713

3,177,845
5,340,010
2,789,962

2,329,955
1,464,298
2,133,195

814,231
4,172,031
536,555

106,724

June

5,034,852
4,490,907
9,992,383

+7,401
-939,910
+1,199,593

5,027,451
5,430,817
8,792,790

1,277,897
350,539
5,659,329

2,920,520
4,250,496
2,281,619

1,583,272
221,446
1,477,728

1,330,292
3,955,469
706,625

58,605
94,986

3,412
14,976
2,279

July
August,.
Septanber
October.
November.

3,413,233
4,408,351
6,710,598
3,150,106
4,512,766

-430,755
-988,280
+1,432,218
-550,741
-833,043

3,843,988
5,396,631
5,278,380
3,700,847
5,345,808

957,770
356,938
2,441,771
927,471
352,262

1,939,176
4,190,037
1,969,674
1,805,486
4,148,417

393,125
93,368
1,652,593
164,390
108,607

1,538,781
4,012,275
231,744
1,633,657
3,967,879

3,026
69,755
84,574

4,243
14,639
763

3,290
58,282

4,147
13,649

1942
1943
1944
1945
1946

.

April

May

895,336
1,131,546
1,290,025
1,307,931
1,237,825

170,409
211,151
265,011
284,758
284,258

119,617
156,008
183,337
186,489
178,745

,458,934
,612,721
,687,151
,873,401
310,750

379,555
560,113
562,734
548,038
579,778
620,622

185,876
208,508
226,228
223,135
236,952
259,616

3,877

29,782
160,969
13,488

3,584,026

1*2,713

3,51*1*

60

Treasury Bulletin
INTERNAL HE7ENUE COLLECTIONS.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

1938

'40

'42

'44

;

:

February 195J

61

-INTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of CollectlonB by Type of Tax -i/
(In thouaands of dollars)

First 5 months of
fiscal year

Fiscal year
Type of tax
1951
Corporation income and profits taxes 2/

,

1952

1952

Fifth month of
fiscal year
1952
1953
(Horenber 1951) (Noramhor 1952)

1953

387,569

21,lt66,910

11,1*99,863

5,036,212

159,683

352,262

9,907,539
15,900,519
579,778
236,952

11,5115,060

2,025,538

21,313,072
620,622
259,616

9,523,2611
311,562

2,412,083
11,384,337
218,928
37,442

98,418
3,428,084
67,189
13,428

108,607
3,967,879
58,282
13,649

26,6211,788

33,738,370

11,809,055

14,052,790

3,607,119

4,148,417

638,523

750,591

288,613

313,413

65,653

47,557

91,207

82,556

8,1125

6,075

4,595

2,962

172,362
1,57'', '•72

187,1179
l,ll02,220

38,053
3,738
63,516

31,812
3,753
68,621

83,016
636,660
15,525
1,630
26,883

85,357
739,813
14,885
1,669
31,705

21,770
146,523
3,300
606
7,172

23,752
179,056
4,002
511
6,650

9,161

15,2119

8,li70

12,010

2,068

12

111

lt,l»62

5,1118

629
5,777
6,366
308,553
3,289

11
906
5,553
27,449
338,668
3,794

8
96
1,150

665,009

28
1,285
12,0B0
99,262
722,150

6,365
55,018
211

2,5U6,807

2,5119,088

1,096,813

1,261,819

244,287

266,539

lllt,220

lili,76o

20,403
21

3,932

50
12

19,952
21

4,258

56
7

5

3

4

«

4
1

1,293,966
7,235
33,870
i,oin

l,ll 711,060

610,518

136,917

It, 796
22,817
913

12,792

690,381
1,522
7,535
326

1
1

2

1

17,752

1,099

1
13

1,099

1,380,396

1,565,162

647,256

720,207

144,770

127,176

81i,781i

77,556
7,353

33,912
3,036

36,136
3,222

7,126

10,002
624

lit,

Individual Income tax and anployment tazee:
Income tax not withheld 3/
Income tax withheld and old-age Insurance U/
Eailroad retlraaent
Unanployment Insurance

,

,.,,

Total Individual Inccooe tax and anploymant taxes,

225,691

Miscellaneous internal reTenuel

Estate tax

Clft tax
Lliiuor taxes:

Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. { imported, excise)
Wines, cordials, etc, (domestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes),,.,
Stamps for distilled spirits Intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors ,.,.,,,.,
Brewers; dealers in malt liquors (special
Total

1 iquor

taxes

,

manufacturers
export
in bond

1,090
111, 921
12

taxes)

,

Tobacco taxes
C igars ( large )
,.,.,,,...•
Cigars (small)
,,,,.
C igarettes ( large )
,
C igarettes ( sniflTI }
,
Snuff
Tobacco (chewing and amolclng),,,,,,,,,..,
Cigarette papers and tubes
;,.,.,
Leaf dealer penalties , etc
,
Cigarette and cigar floor taxes
,

•,..
,.

Total tobacco taxes
Stamp taxes
Bonds, issues and transfers of capital stock, deeds of
conveyance, etc
,,,
,.,,,
Flaying c ards
,,
,,,,,,,,,.,
Silver bullion sales or transfers

Total stamp taxes

93,107

,,,

Manufacturers' excise taxes:
Lubricating oils ,.,...,,,,,
,,,,,,,,,,,,,,,,
Gasol ine
,.,...,
,.,,,
,
T ires and tubes
Automobile trucks and busses
Other autcanobilea and motorcycles
Parts and accessories for automobiles...
Electrical energy
,
Electric, gas, and oil appliances
Electric light bulbs and tubes
Radio sets, phonographs, television sets, components, etc
Phonograph records
Musical instruments
Mechanical refrigerators, air-conditioners, qulok-freeze

^

units, etc

Matches
Bualnaes and store machines
,
Photographic apparatus
Sporting goods
Firearms, shells, and cartridges
Pistole and revolvers
,
Mechanical pencils, pens, and llghtors 6/
Total manufacturers* excise taxes

Footnotes at and of table.

8,222
100

,

2,ll28
lllll

51^

811,995

5,826
75,421
14,630
15,426
71,348
14, 412

71,1*1*5

1117,11115

1*6,526

578,1119

220,277
48,779
41,328
33,822
11,006
37,596
4,051
3,498

30,736

128,187
7,007
10,756

ll8,2lili

6,880
9,ltl2

96,319
10,169

57,970
8,032

1111,1191

118,515

ii6,oao

33,766
16,501
10,679
1,172

17,862
17,8116

762

2,3118,9111

{Continued on following page)

4o,904
13,059
48,920
2,354
4,271

2,6a
12,732
1,420
805

6,940
2,828
12,333
607
910

25,128
3,240
19,021
19,311
7,001
5,596
528

33,518
3,921
20,620
11,955
6,317
6,325
376
4,176

5,186
512
3,613
2,360
914
1,590
98

3,274
717
3,769
1,705
848
1,560
57
1,008

915,958

1,086,833

181,580

233,619

li,8l6

2,383,677

!_

6,670
58,000
13,553
8,023
39,298
8,520
8,6l4
6,988

35,li28

282,377

89, 5W*

18_

31,595
397,524
70,465
75,473
242,673
72,386

95,286
161,362

53,091*

713

10,626

713,1711

30,281i

1

7,857

97,238

121,996

121,643
280
1,255
59

39,377

198,383
121,285
653,363

164,135

90

71

36,999

569,0118

119,1175
93,l8li

19

413

1,988

370
-20

235
1,365
138
52,409

:

,

:

)

.

62

Treasury Bulletin
.nJTEPNAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections by Type of Tax
(

-2j

-

(Continued)

In thouBanda of dollaj^

Fifth month of
flacal year

Flrat 5 monthB of
fiscal year

Fiscal year
Typo of tar
1951

1952

1952

1952

1953

1953

(Novanber 1951)

(NoTsiibor 1952)

Miscellaneoufl Internal revenue (continued):

Retailers • eic Ise taxes
Furs
Jevelry
Luggage
Toilet preparations

57,

•.,.•.•

Total retailers' excise taxes

Total mlac ellaneous taxes ,,,

•

Total mlscellaneoxiB Internal revenue,
,

Adjustment to Dally Treasury Statenent
Total receipts from Internal revenue (Dally Treasury Statanent).

90,799
112,892

U,2l6
l'*,897

Ii3,0lt9

l»75,530

171,639

173,21*2

36,366

33,987

35,790
166,697

6,652
26,983
22,208

16,61*0

78,532
33,886

13,563
80,926
35,702

1*5,135

80,192

78,1*73

36,1*65

351*, 660

395,'t3'>

169,106
121*, 239
11,395
121*, 692

290,320
2U,9lt6

310,337
26,881

237,617

275,171*

381,3118

388,589
10,211
330,782

168,711*

1*5,1*89

19,91*5

33,592
3,597
18,823

12,923
2,956

9,569
31*6,1(92
Ii2,6li6

30,120
3,610
20,731
11
866
19,088
9

ll*,777

139,1*51
ll*,6l7

11*6,669
19,501*
lli,299

2,853
11*, 260

77
360

1,561

2
31*3

1*1

1,868

5,31*5

26
139

1,91*7,276

65,009,393

1*

6,265

1*

l*,807

26

*
1,056
81U

635

1*1

-80

120,663

*

859,61*3

875,687

160,699

025, 31*7

1*, 1*76, 652

81*5, 808

81*5,129

20,33't,265

23,565,65!'

612, 609

5,3'*5,808

I*,

1*,

+625,502

-1,112,070

-1,370,601

-872,660

65,6311,891*

19,222,195

22,195,053

3,739,91*9

-833,01*3
I*,

512,766

the Social Security Act Amendiaents of 1950 (PuMlc Law TS**), approTsd
19^. The tai ie levied and collected ae part of the
individual Inccne tax beginning vlth the taxable year 1951. For
estimated fiscal year breakdown, see Table 1.
Beginning January 1951, withheld Incame tax and social security
employment taxes on aisployers and enployees are paid Into the
Treasxiry in combined amounta without separation as to type of tax,
pursuant to the Social Security Act Amendaante of 1950. For estimated
fiscal year breakdown, see Table 1.
Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 195£> included with othetr repealed taxes under "Miscellaneous taxes"
Effective Rovamber 1, 1951, under Revenue Act of 1951.
Applies to diesel oil used in highway vehicles; effective November 1,
1951, uaier Revenxia Act of 1951.
Lees than $500.
AuffUflt 28,

u

91"*

5

51,106,095

Id

29
-

1*

+660,1*09

y

3,'*'*5

2,51*7

93

7,1*61

9,80lt,112

2,353
19,053
3"*, 310
132
25,007

2,1*73

2

1,81*2,598

6,367
7,638

26,297
31*, 250
653
31,238
3,787

350
6,660

1,261

6,995
7,879

2,521*

127,186
170,276
It, 568

915
15,205
29
7,138

9,1*33,328
50,1*1*5,686

l*,20l*

163,01*1*

1*

381

Source: Dally Treasury Statement for total receipts from Internal revenue;
reports by the Bureau of Internal Revenue for collections by type of
tax.
Detail by typo of tax Is available only on a collection basis.
Receipts on the Daily Treasury Statement basis are compiled from the
latest dally reports from Ckrvemment depositaries; they do not coincide
with amounts reported by the Bureau because of the lag In deposits of
collections and because certain taxes are paid directly Into the
depositaries,
1/ Excludes collections for credit to certain trust accounts for island
posseeslons; includes corporation income tax on Alaska Railroad
(repealed by Public Law 386, approved June 10, 1952, for taxable
years ending after that date),
2/ Includes exceeo profits taxes on Army and Navy contracts imposed by
the Vinson Act 'as amended (3I* U.S.C, 1*96), and inccane tax on business
Income of exempt organizations, imposed by the Revenue Act of 1951,
approved October 20, 1951,
Includes old-age Insurance tax on self -employment income. Imposed by

^

1*,661*

15,560
7,226
8,916

ll*,086

51,1*36
220,1*03

liST.OlS

Miscellaneous taxes
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
••
Local telephone service
.....•..•
Transportation of oil by pipe line
Transportation of persons, etc
Transportation of property
Leases of saf e-depos it boxes
Adjnlselons to theaters, concerts, etc
Admlseions to cabarets, roof gardens, etc
Club dues and Initiation fees,.,,
Bowling alleys, pool tables, etc
•
•
Coin operated devices
,
Adulterated and process or renovated butter, and filled
cheese
Narcotics, including loaTlhuanA and special taxes
Coconut and other vegetable oils processed
National Firearms Act
Diesel oil jj
Wagering taxes 6/
All other, including repealed taxes not shown separately

Total Internal revenue collections

&A

210,239
82,831
106,339

.,
.

.

Febritarif 195?

63

.MOHITABy STATISTICS.

Table

K-

Money in Circulation

(In mllllcmfl of dollare except as noted)

Paper money
Total
Bad of fiscal
7e&r or month

laoney In

circulation 1/

Total
paper
money

19^5

26,746

19lt6

28,2li5

19^7
19*8
19^9

28,297
27,903

1950
1951
1952

27,156
27,809
29,026

25,661
26,231
27,31*8

1951-Docenl)er.

29,206

1952-Januar7...
February,
March

28,386

April

28,1»6U

Hajr

28,767
29,026

27, "193

June
July
AufiUfit

.

September
October. . .
Not ember...
December p

28,1.65

28,U73

25,51*1
26,91*5
26,91*2
26,li8e
26,031*

Gold
certlfIcatae

SllTer
certificates

2/
52
50

Treasury
notes
of 1890

1/

United
States
notes

1,651
2,025
2,061
2,061
2, 061

323

39
38

2,177
2,092
2,088

27,552

38

26,755
26,835
26,836

38
38
36

26,813
27,102

1*8
1*5
1*3

1*1

federal
Beeerre
notes

bank
not«a

y

527

120

1*61*

111*

l*06

353

106
99

309

93

321
318
318

22,760

271*

23,1*56

21*3

21*,

605

221

86
81
77

2,079

316

21*,

807

232

1,966
1,998
2,030

308

21*,

135

229
228
226

79
79
78

223
222
221

78
78
77

2l*,971

218
217
215

^

25,181*

211*

25,733
25,933

212
210

313

21*, 179

315

21*, 11*7

38

2,01*1

2,090
2,088

315
318
318

21*,

38
38

28,978
29,293

27,292
27,598

38
38

27,71"*

37

315
316
318

21*,

29,ltl9

2,063
2, 080
2,095

29,6Wi
30,236

27,922

37
37

2,093
2,115

317
322

37

2,103

311*

28,1*97
28,671*

atlonal

22,867
23,973
23,999
23,600
23,209

317
320
321
319

27,31*8

30,1*21)

Federal
Beserre
Bank
notes

116

211,356
2lt,605

21*,

580
870

77

76
76
75

9

.,
,,.
.

2
6
8

1

)

Treasury Bulletin

6*^

.MOHETAEY STATISTICS

,

Table 2.- Monetary Stocks of Oold and Silver
(Dollar amounta In mlllioaa)

(35

per
fine ounce)

I9'i7
19li8

20,213.0
20,269.9
21,266.5
23,532.5

19U9

2li,U66.3

1950
1951
1952

2^,230.7
21,755.9

Ratio of allrer
to gold and
allTor In
monetary stocica
(In percent)

SllTor
($1.29+ per
fine ounce)

Gold

End of flGcal
year or month

3,685.8

IS.!*

3,508.1*

111.

3,525.7
3,571.0
3,618.3

11*.

13.2

23,31*6.5

3,671.5
3,718.5
3,768.5

22,695.5

3,7''1.3

11*

22,951.1
23,190,9
23,290.5

3,7't6.3

11*.

3,751.1
3,755.1

13.9
13.9

April
May
June

23,297.1
23,296.1

3,760.8

23,3'i6.5

3,768.5

13.9
13.9
13.9

July

23,350.5

3,773.3
3,777.8
3,781.2

13.9
13.9
13,9

3,785.1*

ll*.0

3,789.1
3,790.6

Ik.l

W"!?
Wltfi

1951-December,
1952 -January,.
February
.

.

..
.

March

Au^5UBt

23,3't'i.U

September,

23,3te.O

October, .
November.

23,339.3
23,337.5
23,186.2

.

..

December p.
Source: Circulation Statement of U. S. Money; Dally Treaaury Statement for
preliminary flgurea. For detail of BilTer monetary stock, see Table 1*.

p

13.2
12.9
Ik.

13.9

3,76li.9

.2

11*.

Preliminary.

Table 3.- Gold Assets and Liabilities of the Treasury
(

In mllllona of dollars

Liabilities
of calendar
year or month
TOid

Oold aaseta

Gold certificates 1/

20, 051*.

191*5
191*6

17, 911*.
18,1130.5

Gold reserve
against U, S.
notea, etc, 2/
156.0
156.0
156.0
156.0
156.0

Exchange
Stabilization
Fund i/
1,800.0
1,800.0

Oold in
General Fund
19l*.8

20,529.0
22,753.9

21, 51*1*.

191*9

21*, 21*3 .9
2lt, 1*27.1

23,010.0
23,217.9

1950
1951
1952 P

22,706.1
22,695.5
23,186.2

21,1*97.5

21,506.5
22,022.8

156.0
156.0
156.0

1,052.6
1,032,9
1,007,3

1952 -January....
February.,

22,951.1
23,190.9
23,290.5

21,769.8
22,030.5
22,153.5

156.0
156.0
156.0

l.OOll.l*

23,297.1
23,296.1

22,11*3.7
22,ll|1.3

23,31*6.5

22, 181.1

156.0
156.0
156.0

191*7
191*8

March
April

May
June

11*2.1*

1,053.9
1,077.9
1,053.2

1,025,3

981.0
997.1*

998.7
1,009.3

July
August

23,350.5

22,l8ll.O

23,3l*U.l»

23,31*2.0

22, 1811.3
22,l8ll.3

156.0
156.0
156.0

l,010.ll
l,00l>.l

September.

October....
Not amber . .
December p.

23,339.3
23,337.5
23,186.2

22,176.8
22,182.3
22,022.8

156.0
156.0
156.0

1,006.5
999.2
1,007.3

Source: Circulation Statement of U. S. Money; Dally Tr«aaury Statement for
preliminary figures,
1/ Comprlsee (1) gold certificates held by the public and in Federal Paaerre
Banto; and (2) gold certificate credits in (a) the gold certificate fund -

2/

^
p

1,001.7

Board of OoTemora, Federal Reaerve System, and (b) the redemption
fund - Federal Reserve notes.
Reaerve agalnet United Statea notes and Treaaury notea of 1890.
Excludes gold in active portion of Exchange Stabilization Fund,
Preliminary.

.

.. .

J

9

..

U

5

.

5

.

2

Febrnarif 195

65
-MONirrABY STATISTICS.

Table 4«- Components of Silver Monetary Stock
(In mllllone of dollars)

Silver held In Troaeury
End of calendar
year or month

Silver
bullion 2/

Silver
dollars

1,703.9
1,911.2
1,937.6
1,971.5
2,003.2

356.U

Bullion for
recolnage h/

Subsidiary
coin ^y
10.2

Bullion
at cost 2/

1,022.2
1,083.1
1,157.8

3,697.1

191.5
191.6
191.8

1,081*.

,71*6.3

1,085.1*

,751.1
,755.1

192.3
193.1

1,095.1*
1,101*.

,760.8

191*. 5

1,U3.3

,768.5

61..

196.1*

1,119.1*

53.1
53.8

198.3
199.2

1,125.1
1,131*.

,773-3
,777.8
,781.2

51.1

200.2
201.9
202.5

1,11*5.2

,785.1*

1,150.6
1,157.8

789.1
790.6

11.1*

91*. I*

2,040.7
2,073.5
2,109.7

312.8
301.0

3.6
1.7

95.1
82.0

289.'*

ll.2

1*5.1

2,076.5
2,079.6

300.7
300.7

7.1*

81.0

12.1*

2,081i.0

300.

16.2

78.1
73.8

April

2,085.1*

May
June

2,089.9
2,093.0

299.8
299.0

12.5
9.2

297.'*

lt.6

295.5
293.6
292.7

6.6
11.9
9.2

291.7
290.0
289 .I*

1*.6

1950...
1951. .
1952 p.
19 52 -January,.

FebruaiT.
March . .
.

July
August
September.

,

.

October. .
Naraiber. .
December p.

2,095.2
2,098.5
2,101.8
2,10l..3

.

2,107.1
2,109.7

71*

.2

70.7
68.0

1*8.7
'*5.1

Circulation Statement of U. S. Money; Dally Treasury Statement for
certain preliminary figures.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government (see
Dally Treasury Statement for amount). Does not include silver lendleaaed to foreign governments (theae transactions all took place during
the fiscal years 191*2 through I9U6; see 19l*6 Annual Report of the

Secretary of the Treasury
Valued at $1.3&+ per fine
Valued at $1.38+ per fine
to whether the bullion is
coins or for recoinage of
Preliminary.
Less than $50 thousand

Source:

i/
kj

p
*

^

179.8
191.3
202.5

13.1
5.9

19'ts...

coin

3,512.8

11*

337.2
328.1
321.9

.0

Subs Id iary

8U6.7
901.1
928.7
971.5
982.2

3't3.'i

19^1...

Silver
dollara l/

Total
silver
at $1,29+
per fine
ounce

137.5
150.1
156.3
165.0
171.0

185.6
93.1
91-1
89.3

191*6...

i^

Silver outside
Treaaury

In General Fund

Securing silver certificates 1/

3, 511*.

3,51*7.9

3,596.7
3,61*3.1
3,71*1.3

3,790.6

1,088.5

,761* .9

for amounts
ounce.
ounce or at $1.29+ per fine ounce according
held for recoinage of subsidiary silver
standard silver dollars.
)

Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices

Jj

(In milllone of ounces or dollars)

Calendar ye
or month

Silver
production In
United States

Silver acquialtiona by mints and assay offices
Newly mined domestic
silver 2/

Foreign silver

30.3 i/

27.1*

191*8.

29.0
21.1
38.6
39.2

191*9.

31*.

36.8
33.0

33.3
29.9

1950.
1951.

1*2.3

1*1.3

37.1*

1*0.0

36.1

32.7

3.8

3.9
3.7
3.9

3.5

3.7
3.2

3.1*

I9U5.
191*6.
191*7.

1952 -January.

February
March....

3.1*

April.
May...
June..

i*.o

3.9

.9

.6

l*.9

i*.li

3.1*

2.9
2.5

2.8

August. .
September.

3.3
2.3
3.2

3.8
3.5
2.6

October. ..
November..

3.7
3.0

3.3

3.0

2.9

2.6

.

Source: Annual figures frcm the Bureau of the Mint. Monthly figures on
U. S. silver production frcan releasee of the American Bureau of Metal
Statistics; these will not agree with the annual flguree.
1/ For information on silver production In other countries, see annual
reports of the Director of the Mint. Data from 1933 through 191*1 are
suEBiarized in the "Treasury Bulletin" for August 19U3, page 7I*.
2/ Aclulred at 71.11 cents per fine ounce from July 1, 1939 to July 2, 191*6;

h/

3.5

3.3
3.3

July

^

3.1*

3.2
2.1*

^
hj

and at 90.5 cents per fine ounce since July 2, 191*6.
No foreign silver has been purchased under the Silver Purchase Act
of 193I* since May 191*2.
Includes 0.2 million ounces valued at 71. 11 cents per fine ounce
totalling $0.2 million, and 30,1 million ounces valued at 90.5 cents
per fine ounce totalling $27.2 million.

66

Treasury Bulletin
.MOHETAEY STATISTICS.

Table 6.- Seigniorage on Silver
(OtoralatlTe fitn Januear 1, 1935 - In mllllonj of dollaro)

February 195J

67

EXCHANGE STABILIZATION FUND
Table 1.- Balance Sheet as of June 30, 1952, and September 30, 1952

Treasury Bulletin

6S

EXCHANGE STABILIZATION FUND.
Table 2. - Income and Expense
January 31, 1934, through
June 30, 1952

ClasBifloatlon

January 31, 193*^, through
Septoiber 30, 1952

XncoBe!

Profits on British sterling transactions... •,•.•.•.•....,.. •..».,..,
Profits on French franc transactions

<

$310,638.09

$310,638.09

351,527.60

351,527.60

Profits on gold hulllon (Including profits from handling charges on gold)

53,883,358.93

53,888,953.71*

I^vfits on other gold and exchange transactions

110,000,000.00

1*0,000,000.00

,

Profits on ailver transactions

102,735.27

102,735.27

Profits on sale of sllTer bullion to Treasury (nAtionAllLed)

3,1*73,362.29

3,1*73,362.29

Profits on InTestments

1,876,790.55

1,876,790.55

8,198,066.89

8,323.577.32

,

Interest on InTeslSDents

•

,

Hlscellaneoiis profits

861,51*6.95

861,51*6.95

Interest earned on forei^pi balances

2,81t9,683.19

2,81*9,683.19

Interest earned on Chinese yuan

1,975,317.07

1,975,317.07

113,883,026.83

111*, Oil*, 132. 07

8,753,788.26

9,088,522.32

Travel

1*4.5,01*6.91

1*59,997.83

Transportation of things

671,1*13.57

677,156.67

557,523.13

562,023.1*0

Total inooane

Expense;
Personal serricas

,

Comnunlcatlons ..•.•.•.•.•...•.•.•.•...........................•.....•.•...
Supplies and materlalB

•

Other
Total expense

Net

InnniBft

•

•

99,193.91*

101,282.23

1,301* ,1*07. 33

1,335,315.38

11,831,373.1'*

12,22lt,297.83

102,051,653.69

101, 789, 831* .21*

February 195)

69

.CAPITAL MOVEMENTS.
Data relating to claims on foreigners and liabili-

ties to foreigners,

and capital movements between the

United States and foreign countries, have been

collected

since 1935, pursuant to Executive Order 6560 of January I5,
1934,

and Treasury regulations thereunder.

Information

covering the principal types of data and the principal
countries 1b reported each month by banks and bankers and
securities brokers and dealers In the United States.

the data for January I95O.
Attention la called to the
fact that although the grand total .'Igures on the revised
reporting basis are reasonably comparable with those for

preceding months, data for Individual countries in some
Instances are not comparable because of certain chanties In

coverage and geographical classification.

This

The supplementary Information, contained In Section IV,

Information Is published regularly in the "Treasury

Is presented in three tables appearing at different times.

Bulletin".

frequent Intervale.

Supplementary Information Is published at less
All reports are made Initially to the

Table 1 glTee data by countries on short-term claims on and
liabilities to foreigners as reported quarterly by exporters,

Federal Reserve Banks, which forward consolidated figures
to the Treasury.

importers, and industrial and commercial concerns in the
United States. This information was published for the first
time in the October I949 issue of the "Treasury Bulletin"

The tprm "foreigners" as used in these reports covers
all institutions and Individuals (Including United

States

citizens) domiciled outside the United States, as well as
International organizations, wherever domiciled, created by
treaty or convention between sovereign states. "Short-term"

refers to original maturities of one year or less, and
"long-term" refers to all other maturities.
A detailed
discussion of the reporting coverage,

and begins with data for September 30, 19M-6.
Table 2
supplies information by countries on long-term claims on
and liabilities to foreigners as reported by banks and
bankers in the United States. This table appeared for the
first time in the December ig49 issue.

Data are for the
end of the calendar year beginning with 1942.
Table 3
gives information on short-term liabilities to countries

basis of reporting,

not regularly reported separately by banks and bankers.

and derivation of capital movenents figures appeared in
the April 1950 Issue of the "Treasury Bulletin", pages 5O-52.

This table appeared for the first time in the April I95O
issue. The data have been requested at Irregular Intervals,

Revised report fonns and regulations became effective with

the earliest date being October 1943.

Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thouBande of dollars:

negative fl^uree indicate a net outflow of capital from the United States)
Anfllyela of net capital morament Int

Calendar year or month

Net capital
moT anient

Short- teim
banking funds

Brokerage
balances

TransactlonB

.

Treasury Bulletin

70
.CAPITAL MDVBMENTS

Section

1

Summary by Periods

-

Table 2.- Short-Tera Claima on and Liabilities to Foreigners
(Poeltlon at end of period

Iji

thousazide of doLlars)

Short-tens claliDa on foreigners
of calendar
year or month
vriA

Short-texm liabilities to foreigners

Pa^ble

Fayahle In doll are

Payable
In

ban]£8

19^2

21*6,673

30,916

72,01*8

19113

257,929

11*3,709
137,161*

1*,205,389
5,37lt,903

329,691*

3l*,387
5l*,603

86,378

19W»

105,1*21

169,670

19't5

392,766
708,253

1*7,1*89

100,267
319,639

21*5,010
290,1*95

5,596,775
6,883,068
6,1*80,262

1*90,631

7,116,1*19

557,132

7,717,960
7,617,959

19't6

98,119

1*,

693, 911

1,71*5,722

40,629

1*,

809,21*5

2,257,510

5,209,820
5,073,586
5,503,872
5,382,062

2,1*37,751

49,664
70,389
51,039
44,911
72,226

6,167,483
6,699,260
6,790,105
7,746,809
8,333,757

105,984
130,493

8,222,538
8,427,339
8,468,956

121,764
99,578
84,532

8,563,1*99

5,717,921

4,057,706
163, 933
4,238,661 r

5,752,221*

*,523,448

5,79li,081*

1*,669,037

5,831,960

4,808,016

79,388
62,086
65,659

9,328,851
9,458,887
9,682,260

5,71*7,705

4,778,479
4,681,248

59,523
60,952

9,571,230
9,655,737

1,018,700

100,371

19'*9

827,851*

M50

897,966

110,801*
21*0,583

968,1*1*3

91,808

177,21*6

506,268
699,389

8,61*4,775

1951

996,011

177,539
162,975

738,910
731,015

9,218,51*9

9,392,277

5,201,267
5,385,595

l,OOU,370

79,562
70,M*8
71*, 887

187,1*15

71*2,068

9,1*73,326

5,1*08,1*59

3,911,298
3,876,189
3,933,153

1,019,686
1,038,656
1,029,603 r

7U,111
81,659
73,376 r

151*, 616

11*1,258

790,959
815,739

9,583,185
9,953,153

5,1*03,715
5,689,61*2

1*,

136,653

819,57't

10,01*1,111*

1,026,209
1,066,320
1,023,375

61*,913

126,821

83l*,l*75

7!*, 1*27

11*9,1*38

81*2,1*55

70,206

139,718

813,1*51

10,355,060
10,525,207
10,705,635

l,01l*,l*77

76,182

811*, 617

1,016,291

66,91*0

123,678
121,162

March
April

961*,1*38

,

,

Hay
Jime. ..,*..

July

,

August....,
September.,

October p..
Norember p

1/

828,189

r

10,585,707
10,672,028

Beelnnlng 1950, Includes certain deposit balances and other asseta which
are held In apeclflc trust accounts but which pfevloxialy had been excluded
tr<m reported liabilities.

p
r

Ities

5,267,081
6,490,302
5,772,009

292,866
361,197
222,719
151,115

:

llabU-

foreign

25,51*6

356,501

165,1*39

9,302,200

In

I*,$l*6,62l*

1*,

91*8,936

1^91*, 3 31

net
short-term

668,168
1,222,580
1,218,633
1,910,898

3,523,328
l*,13l*,l*12

19l»7
19lt8

1952 -January....
February.,,

Payable

Depoelta
of
foreigners

Loans to
foreign

foreign
currencies

In dollars

13,893
17,911
21,641

2,1*93,331*
;

5,929,828

3,095,992

]

3,81*7,912

131,711*

3,958,716
5,116,971*

:

'

8,911*,1*97

9,011,511 r

Preliminary,
Revised.

Table 3.- Net Movement of Short-Term Banking Funds
(In thotisands of dollars; negative figures Indicate a net outflow of capital from the United States)

Short-term liabilities

Short-term claims

Calendar year
or month

1935-1*1

1942
1943
1944
1945

,

,

,

,

Payable in dollars
Payable
in
foreign
currencies

736,307
97,503
-11,256
-71,765
-63,072

-20,216
7,114
-50,630
-67,320
65,068
-10,433
-129,779

191*9

iao,8!*6

1950
1951

-76,233
-70,477

1952 -January...
February..

March

-27,568
31,573
-39,932

April
May
June

-15,316
-18,970
9,053 r

-7,51*8

July
August. ...
September.

3,394 r
-40,111
42,945

8,463
-9,514
4,221

October p.
Horonber p

8,898 r
-1,814

-5,976
9,242

1/

See Table 2 foolnote 1.

banjca

-3,1*71

-315,487
-240,683
-69,764

,

191*7

11*8,775

12,246
9,111*

-4,439
776
8,283

Deposits
of
foreigners

Loans to
foreign

307,187
15,933

1948

1946

Payable in dollars

:

:

:

6,409
20,671
-14,330
-19,043

422,711
60,899

5,151*

-75,31*0

-219,372
26,773
-68,331
138,478
65,483
-26,131

-45,485
-200,136
-66,501
62,801
-11,937
-193,121

-418,422
636,207
601,541
-100,001
l,026,8lf

-293
14,564
-24,440

-39,521
7,895
-11,053

-83,651
173,728
8l,o49

32,799
13,358
4,605

-48,891
-24,780
-3,835

109,859
369,968
87,961 r

9,832
-22,617
9,720

-14,901
-7,980
29,004

313,91*6 r

l6,04o
2,516

-1,166
-13,572

3,034,615
485,670
1,179,314
220,359
1,279,375

6,51*5

-32,506

657,1*25

170,147
180,428

-no, 928 r

:

86,321

p

Pre11w1nftry.

r

Revised.

2,806,001
105,607
620,884
220,576
583,205
-268,854
115,384
400,575
-136,234
430,286 1/
-121,810

-180,795
184,328
22,864
-1*,71<J*

285,927
28,279
303
41,860
37,876
31*,

-84,255 r
182,123

Payable
in

Other

266,156
385,365
554,412
-3,91*7

692,265

-164,651

5U,788
180, 241
55,583

602,658 1/
751,920

63,386
-35,109
56,964

foreign
currencies
-37,542
-5,102
V

4,018
3,730
3,905

15,083
9,035
20,725
-19,350
-6,128
27,315

Net movement of
short-term
banking
funds

3,770,922
583,373
1,168,058
148,594
1,216,303
-733,909
395,524
531,777
90,845
950,583 1/
586,948

33,758
24,509
1,221

-111,219
205,301

124,553
106,227
74,728 r

-9,950
-22,186
-15,046

94,543
350,998
97,014

284,787 r

-5,144
-17,302
3,573

317,31*0

130,036
223,373

-6,136
1,429

-111,030
84,507

11*5,589

138,979
-29,537 r
-97,231

1*1,117

:

:

:

February 195)

71

.CAPITAL M07H4ENTS.

Section I - Summary by Periods
Table 4.- Purchasee and Sales of Long-Term Dooiestlc Securities by Foreigners

.

Treasury Bulletin

72
.CAPITAL MOVSMERTS.

Section II - SamnBry by Countries

Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thouaaoda of dollars; negative flgurea indicate a net outflow of capital from the tinted States)

Bet capital norenent

Short-terH hanVIng funds

195a

Cotntzy

July

August

1952

September

October p

HoTcmbeET p

July

7,989
9,681
-10
10,336
-139

2,384
7,002

Al^ust

September

October p

Europe:

Austria
Belgl\a
Ctechoelorakla

2,365
5,303

I>enn0rlc

3,'>25

8,703
3'»7

28
1,513

8,lko
2,267

France

l.5,"»3'>

Genany

55,126

10,561*

-8,661.

Greece
Italy
Be therlands

-3,055
27,197
30,lk6

703
6,881
51,909

1,678
2,139

5,026
-2,086
3,509
2
1,500

Finland

Borvay
Poland
Portugal
Runonla
Spain

13,608
-5,403
237
6,093
973

6,389
-10,015r
-317
9,747r

8,666
26,842
360
2,486
44,645

-57,119r
47,142
l,38lr
17,833r
35,94ar

-8,319
12,771
1,728
19,350
-43,967

3,139
-888
1,547

5,954r
l,445r
-4,377r
361
5,097i-

2,863
-1,813
3,136
71
-2,434

-263

13,613
-5,644

3,158
1,511

8,717
-31
29
7,664
2,271

45,216
10,627
-3,044
26,690
37,482

53,653
-8,752
709
7,169
58,771

8,339
26,900

4,909
-1,667
3,489
2
1,414

2,978
-888
1,660

7,671
-7,374
69
-15,693
-1,613
1,015

1,776
365
3,669
2,967
37,083
-2,497
634

43

237
5,992
960

344

1.985
46,382

2,441
-9,&70r
-317
9,171r
-263

-57,207r
47,563
l,372r
17,091r
39,033r

5,784r
l,459r
-4,154r
361
4,985r

7,707
657
69
-8,379
-1,613
1,381

2,967
29,8l4
-2,496
436

4,244
17,9oar
237
59,242r
-1,794
-74ar

1,982
15,128
-3,246
88,101
521
-2,373

1,261
2,151
5,351
-328
-509
1,752
18,626
61
59,911r
2,457
-2,928

228,55ltr

133,213

146,565

138,295r

111,356

2l8,874r

122,422

146,836

^,157r

72,131r

ali,ll'6

6,872

-7,709r

15,959

43,565r

-20,424

-2,996

-172,l44r

-2,8011

li,7'*2

1,132
-15,682
7,127
8,591

723
-647
30,447
-1,554
5,242

2,217r
-3,304
3,095r
7,625
-3,010

13,781
-1,093
7,411
6,766
7,357

-15,130
-1,100
-22,022
3,172
4,575

-2,802
1,150
-16,542
6,839
8,045

Cuba
Dominican Republic
Guatemala
Heilco
Netherlands West Indies
and Surinam
Peru
Republic of Panama
El Salvador
Uruguay
Venezuela
Other Latin America....

3,837
1,156
-1,909
17,099

22,204
-1,122
-1,058
13,236

-2,297
-3,039
-1,502
-4,310

-28,565
-3,086
-539
10,36lr

1,984
526
15,904

3,915
1,008
-1,575
16,174

21,116
-1,120
-1,552
12,411

-3,321

6,636

2,357

l,88ar

2,484

-3,123

6,459

2,353

l,6l7r

651
-l,213r
-4,026
1,780
178
5.785

1,1.90

-1,^8

1,074
-2,103
3,654
-22,126
-1,006

4,659r
2,089r

-4,816
-702
46,873
169

527
-l,212r
-4,04l

9,173r
-13,495
-3.54lr

-964
3,684
-3,557
-2,029
-18,522
-302

2,288
878
6,007

1,645
4,199
-2,117
2,198
-22,659
-465

-1,869
4,541
-4,831
-768
46,664
14

4,480r
88lr
-5,901
9,703r
-l4,l4o
-3.604r

Total Latin America....

-10,103r

19,243

66,044

-20,263r

33,443

-9,659r

16,805

67,683

-34,685r

-l,8lt2

161
3,739
1,068
-5,690
-38,387

43

882
-24,022

59
-628
-1,152
3,197r
-22,221

-506
-2,592
-169
-4,021
-3,909

-1,569
567
3,889
3,891r
-21,539

163
3,794
968
-5,509
-39,695

35
2,391
2,043
845
-27,212

34
-729
-1,652
3,l8ar
-22,581

-3,988
-6,402
31,927
288
13,614

1,001

8,lt37

-1,378
2,787
15,440
-241
8,738

9,362

-1,014
-10,754
21,934
-1,413
9,958

3,924
-3,424
-1,192
2,367
8,437

-1,373
4,325
15,455
-557
7,669

-3,989
-4,281
31,889
65
13,919

998
9,aS7r
-7,677
-810
9,091

Turkey
Other Asia

-12,363
-4,139

-19,982
-2,617

-19,655
42,615

5,544
2,452

4,884
19,456

-12,359
-4,515

-19,986
-2,555

-19,685
42,322

5,554
2,579

Total Asia

-22,290r

-36,362

39,757

6,3oar

31,854

-21,523r

-37,301

38,342

-2,17ar

370
2,599

35,768
10,075

-27,271
6,974

-4,253r
6,277

-2,990

8,868

320
2,592

35,360
10,078

-27,308
6,972

-4,5e5r
6,277

-970
1,193

308

-12,943
3,500
5,596

-13,480
-1,736
1,899

-19,472r
2,567r
974r

-9,723
6,052
3,432

-838
1,250
-309

-12,986
3,357
5,372

-12,489
-2,047
1,294

-19,540r
2,244r
l,444r

3,600

41,996

-33.614

-13,907r

5,639

3,015

41, 181

-33,578

-l4,100r

83,5a''

7,669

7,969

-64.255

83,068

7,353

7,086

133,996

317,340r

130,036

223,373

Sweden
Switzerland.

B
ElngdoB

n. S. 3.
ttalted

Tugoslarla
Otiier Europe

Total Europe
Canada ...................

5,lt92

-328
-2Ui

2,056
29,695
61
61i,Wjar
2, 1156

-1,828

-19

1,733
508
11,317

-19

3,956
10,046r
237
l4,589r
-1,794
-l,326r

Latin America:

Argentina
BollTla
Braiil
Chile
Colcmbla

-15,023
-1,065
-21,899
3,125

928

-5,^0r

13

448

2,589r

-664

-3,373
2,787r
7,631
-3,167

30,144
-1,723
5,031
-2,024
-3,285
-1,461
-4,867

-38,272
-3,147
-609
7,840r

Asia:

China Mainland
Formoea
Hang Eong
India
Indonesia
Iran
Israel
Japan
Fhilipplnea
Thwllnnri

Other countries:
Australia
Belgian Congo
^ypt and Anglo^yptian Sudan
Onion of South Africa..
Other

Total other countries .
International

Grand total

p
r

Preliminary,
Rerlsed.

'•,'•79

3,892r
-21,561
3,890
-6,069
-1,2U5
3,751r

355 'H6r

189.905

2,366
2,089

233,593

7,009r
2,268
-583

-17,238

28,920
-lll,030r

Boraaber p

>

.

February 195

73
.CAPITAL MovaoaiTs

Section II - Summary by Countries
Table 2.- Net Movement in Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thouaozidB of dollars; iKgatlre figures Indicate a net outflow of capital froa the United States or net sales b/ foreigners)

.

Treasury Bulletin

7^
.CAPITAL MOVIMMTS

Section II - Sunmary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners

February 195)

75
.CAPITAL MOYEMHTTS.

Section II - Summary by Countries
Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts
(Posl'tion at oDd of mnn tJi in tJ^o^fflwn^^R of doLLairo)

Treasury Bulletin

76

.CAPITAL MOVBin«TS.

Section III - Details for Month of September 1052

Table 1.- Short-Term Claims on Foreigners
(Foaltlcn at eD4 of mcnth in ttaoiiBands of dollars)

.

.

J

. .

Februani 195

77

.CAPITAL M0VB4E1ITS.

Section III - Details for Month of Septenber 1952
Table 2.- Siort-Tern Liabilities to Foreigners
(Poeltion at and of nonth In thousanla of dollarB)

Total
aharttoan

Coillti7

Shart-tem liabilities peyaUe in dollars

llabUltiee

Deposits

Short-tam liabilities payable in foreign cuxrencies

To foreign banks and official Institutions

To all other foreigiMrs

U.S. Treasury bills
and certificates

Deposits

To foreign

U.S. Treasury bills
end certificates

banks aui
official
Institutions

Europe:

Austria
Balglun
Czechoelorakla.
DoniBfli'k

.....•.

Finland
Franoe.. ....
Gannai^
Greece
Italy

73,11111

110,562

3,200

68,813
189
38,539

11,098

l,"il3

136,695
862
51,008
25,936

23,5611

iioU,oi6
1186,176

!i83,li79

39,8k7
291,856

180

9

681
23,562

22,525

30,ii8li

171,61i7
2117,039
20,3911

126,791
83,816

158,877
200,000
10,000
109,635
235,306
"•7,054

3ll2,ll52

lit,

IfetherXandB

3'i5,107

Norvaj
Poland
Portugal,,,,

lO^.llll

8l,ltJi2

23,2511

2,171
50,956
5,685
20,358

1,731
36,678

37,902

"1,5113

"1,5^3

11,8311

11,511

77,6^9

69,806

6l'i,273

Ii7li,9li2

50,183
298,727

5,072

1>,796

11,767

865,32)1
lli,075

551,8li7

"1117,773

98,756

13,li2li

''6.'t39

35,360

9,6lU
26,992

7,791

3,661,963

2,9311,0511

1,686,7110

1,530,098

1,251,188

306,119

129,762
21,226

92,ii68

90,li81i

8,929
53,780

Spain

Sweden
Switzerland..,.
U. S. S. B
United Kingdom.
TugoalaTla. ....
Other Europe. .,
Total Europe.,.

1,333
2

258,075
326,920

Ruiaania

29,382
26,302

l,70ii

248

U,928
36,440
90
21,449
7,798
11,134
27
528
313

6,000
83,690

1,200
67,187
673
12,468
2,372

1,169
58,471
673
9,045
2,372

31
4,096

4,620

695

687

1,095

2,328

1

1

60,042
2,663
9,361
33,773
18,153

56,326
2,572
7,624
23,820
15,792

3,438
40
1,662
9,679
2,254

278

1,522
34
2
8

1,359

34

32

22,656
440
12,278
1,133
8,531

21,331
438
12,276

540

785
2
2

16

16

7,629
137,500
276
273,243
651

1,133
8,346

51
75
274
107

34
1

9

180

3

U,064

7,558
106,863
272
177,766
651
10,613

984,695

13,625
92,525
29
5,318
3,810
577
262,619

683,293

525,111

123,727

932,339

12,730

261,541

l8e,4io

1,978

8,926

3

"11,773

130,680

12,007
310
865
18,148

200
1,140

374
3,265
1,399

37,266
12,267
35,056
31,329
30,365
59,440
14,502
17,747
94,214

37,097
12,237
34,655
31,301
30,195
58,959
14,470
17,675
80,610

60
13,421

12
183

8,725

1,553

6,957

6,811

75

71

202
24

29,886

29,740
46,470
10,203
59,866
40,082
30,629

129
4,237

2,731

83

156
4,455
1,071

8,648
90
27

89
587
117

12,472

1,209

9
200
1

146
623

64

7

5,247

25,390

212
1,631

212
1,694

40,234

40,090

4

94,952

525

449

15

15

34,455

44,616

44,144

78,519

612

17,369

14,479

138
15
9
12
167
281

33
15
392
16

Latin Ansrlca:
Argentina.
BollTla...
Brazil..,,
Chile

88,8611
58,1211

Colmhla,

88,287

Cuha
Dcnlnlcan Republic . ,
Guatemala
,
Mexico
Hetherlazvis Weet Indie
and SurlnBD. ........
.

Peru
Bepuhlio of
Kl Salvador.
Uruguay
Venezuela
Other Latin America.
:

Total Latin America..

China Mainlaz^.
7onB0aa
Hong Eong
India
Indooeeia

321, Wil
li6,622

26,7911

57,922
262,001
32,120

26,lta
57,057
113,173
31,7116

138,925

11,188
136,386

37,9911

31,037

20,759

56,160
79,526

26,069
26,064
U,6o6
19,187
109,033

115,6011

26,271
26,088
15,189
22,699
109,121
83,760

58,9116

8,247

3,112
88
16,567

10,237
68,670
44,627
31,727

1,580,716

1,001,777

781,881

159,898

59,998

577,730

541,000

24,258

28,027
37,329
29,822
25,985

342
1,110

257

9,280
7,746
40,695
3,547
1,325
7,670
2,749
12,318
19,649
3,990

613

25,li26
91,'i58
15'', 335

38,519

28,626

116,1911

38,1139

71,360
55,187

17
34

106
7
779
9,471
230

131,119

23,916

32
3,746

4,493
38,230

4,492
37,358

266

1
606

145

145

l,61l0,032

1,368,783

253,821

17,428

154,175

150,819

2,539

817

935

935

50,803
89,326

U9,l8li

669
57,242

950
3,557

2,829
1,101

2,779
724

50

507

28,527

277

13

507
13

87,72li

9,859
68,636

28,375
8,851
59,59k

59,200
1,000
1,210

152
8
7,832

3,984
1,679
19,321

3,984
1,672
18,339

5
412

2
570

9
232
769

231
754

28,914

27,498

744

672

1,530

1,514

1,705,653

1,426,838

229,787

49,028

65,659

61,908

772,6li3

157,909

Turkey
Other Asia.

8,778
197,156

11,285

"1,253

158,781

1,795,1112

511,139

319,6^

328

1
21,424
6,000
135,135

Iran
Israel
Japan
Phlllppinas....
Thailand

87,2911

53,'t38

200

9,893
7,755
41,034
3,548
1,325
7,670
4,135
12,318
19,784
3,990

30,180
51,016
85,969
10,628
17,986
760,325
299,878
153,919

18,298
22,121

10,500
400

1

3

32

32,1120
233,1167

111,673

14

28

"12,667

10,520
17,978
738,122
28li,li07

18,554

23,375
42,518

358
1,656
784

139

146
623

1,386
135

Other countries:
Australia.. . .,
,
Belgian Ccdoo
^ypt and AngloEgTPtian Sudan
Tftllon of South Africa.
Othar,.,.

90,iiiio

91,717
11,770
88,726

Total other countarlee,

336,792

306,3U8

17'«,52£

119,321

12,499

Intaxnatlcnal ,.•,•••••• •

l,800,92ll

l,800,92lt

ff7,071

1,670,070

43,783

10,705,635

8,9311,323

ll,ll05,122

4,120,144

409,057

Gimd

total

9

.

Treasury Bulletin

78

.CAPITAL HOTEMENTS

Section III - Details for Month of September 1052
Table 3.- ParehafleB and Sales of Long-Tera Securities by Foreigners
(In tboosaoda of dollam)

79

Fcbruar}! 195)
.CAPITAL MOYEMKNTS.

Section

HI

A -

Preliminary Details for Month of November 1952

Table 1.- Short-Term Claims on Foreigners
(Fosltlon at end of month In thouaande of dollaxa)

-

Treasury Bulletin

go

.CAPITAL MOTEMEHTS.

Section III A

- Preliminary Details for Month of November 1952
table 2.- Short-Term Liabilities to Forelgmere
(Position at end of month in t^ousande of dollars)

)

SI

Februarii \95)

CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of November 1952
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(

In thoujeanda of dollara

Treasury Bulletin

S2
.CUMULATIVE TABLE OF CCWTEHTS.

March 1952 through February 1953

.

J

.

.

February 195)
.CUMULATIVE TABLE OF CONTENTS,

March 1952 through February 1953

-

(Continued)
laeue and pa^e nuaiber
1952

Pipr.

May

July

1953

Ang

Sept.

Oot

United States savings bonds:
Cumulatire salea and redemptlcas ty aeries
Sales Bud redemptions by periods, aT series ocablned
Sales and redamptlona by periods, Series E through E
BedeB^tloDe of natured azid uaaatured bonds
Sales and redemptions by damoKliiatlone Series E and H and
Series 7 , G, J, and K
Sales by States, Series £ and E f^-r^A Series F, d, J, and E..

27
27

28
30

27
27
28
30

27
27

28
30

27
27
28
30

27
27
26
31

27
27
28

27
27
28

32

32

27
27
28
32

27
27
28

27
27
28

32

32

27
27
28
32

,

31

33

33

3't

Treasury savings notes:
Cuanilatlve sales and rodeaptlans by series

Sales end redei^tlons by periods^ all series c omb ined

31
31

31
31

32
32

31
31

32
32

36
36

33
33

33
33

35
35

33
33

33
33

32

32

33

32

33

37

3'<

3'*

36

3't

3't

32
33

32
33

33

33

3'.

3't

35

35

36
37

3't

3!'

37
38

3't

31'

32
33

35

35

31*

3'»

35

3't

35

39

36

36

38

36

36

Ownership of Federal securities;
DlstrlbutlGQ by olassea of InreetoTB and types of Issues
Bet market purchases or sales for Investiient accouata heudled by
the Treasury
Estimated ownership

Treasury survey of ownership:
Ovnarshlp by banlcs, lAsurance coupanles, and others
OvBership by ooBBnerclal bante classified by membership
Beeerve System ( latest date June 30, 1952 )

Federal

lii

ko

38

Market quotations:
Orar-the-^ouQter closing guotatlons on Federal securities by Issues
Chart - Yields of Ri^asury securities

38
111

39
\2

38

39

Yields of Treasury and corporate bonds:
Average yields of long-tem bonds by periods
Chart - Average yields of long-tem bonds....

ki

ll2

liO

kl

't3

'•5

't3

hi

1*7

1.8

kk

1*6

kk

kk

1*8

1.9

1.7

't5

't5

49

U6

111

'•3

Internal revenue collections:
Sunnary by principal sources
Chart - Internal revenue ooUectlona by principal sources.
Detail of collections by type of tax

Itit

lt5

Its

U6
kl

50
51
52

'i6

Ii8

1.6

1.6

50
51

U7

1.9

It7

1.7

1.7

'.8

50

lt8

1|8

53

5't

50

51
51

52
53
53

50
51
51

52

5't

50
51
51
52

52

5k

52

53

55

53

52
53

k6

Monetary statistics:
Money in circulation
Monetary stocks of gold axid silver
Gold assets and liabilities of the Treasury
Con^xsQenta of s liver monetary stock
Silver production In the Ihiited States and acquisitions tfj mints
and aaeoy of flose
Sdlgniorage on silver
Increment from reduction in weight of gold dollar (latest date
December 31, 1952)
Net Treasury gold receipts (latest quarter ending
September 30, 1952)

V6
1*9

.-

50
50
51

kg
50
50
51

I18

1.9

49
h9
50

50

50
51

55

55
55
56

51

50

51

52

51

52

55
56

56
57

56

52

51

55

52

55

57

53

Exchange Stabilization Fund (latest date September 30, I952):
Balance Sheet
Income ftn d expense

56
57

57
58

53
5^

Capital movements between the United States and foreign
countries:
Sunanary by periods since 1935

Suanary by countries and months
Details for latest months by countries
Supplementary data by oountrlea

56
59
63

52

55
59
65

55
58
62

52

55
59
65

53
56
60

59
62
66

58
61
65

5''

57
61

58
61
65

5't

5't

57
61

57
61

66

Corporations and certain other business-type activities
(latest date June 30, 1952):
Loans outstanding
Balance sheets
Income and expense
Source and appllcatlcn of funds.

66
67

71
72

68

67

71

70

BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS

BONDS

,jkS3^

e^

Treas.
HJ
10
.A2
19 53
C.2

I

U.S. Treasury Dept.

Treasury Bulletin