Full text of Treasury Bulletin : February 1954
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i,;, i T, i i>ii(!i!i;i >\ LIBRARY LIBRARY POOM 5030 M TREASURY ^.^^^^^ DEPARTMENT TREASURY DEPARTMENT FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25, DC. OFFICIAL BUSINESS BUY AND HOLD UNITED S TAT E S SAVINGS BONDS ^mmiLEFm FEeRUnRV-1954 UNITED STRTES TRERSURV DEPORTMENT OFFICE DF THE SECRETBRV February 1954 Table of Contents Page Treasury financing operations A-1 Sunimary of Federal fiscal operations 1 Budget receipts and expenditures 2 Trust account and other transactions & Treasury cash Income and outgo 13 Debt outstanding and general fund l6 Statutory debt limitation 21 Debt operations 22 United States savings bonds 27 Treasury savings notes 33 Ownership of Federal securities jH- Treasury survey of ownership of Federal securities 36 Market quotations on Treasury securities 4-0 Average yields of long-term bonds 4-3 Internal revenue collections K<^ Monetary statistics 14-9 Exchange Stabilization Fund 53 Capital movements 55 Cumulative table of contents 66 Note: Where calculations have been made from unrounded figures, the details may not check to the totals shown. A-l February 1954 Treasury Financing Operations Refunding of Five Securities Subscript lone for the ae« offerings totaled On January 27, IS^k, the Secretary of the Treasury announced the offering on February 7-year, 9->iionth 2-1/2 percent bonds and of lesuee of 1 one-year 1-5/g percent certificates of Indebtedness In exchange for certificates of Indebtedness maturing Febivary I5 and Treasury notes maturing March I5. tl8.2 billion, of which |11.2 bUllon were for the 2-1/2 percent bonds and I7.0 billion for the 1-3/S Boldere of the bonds who did percent oertlflcatee. not subscribe to the offering will have an opportu- nity later to exchange their holdings for another In addition, the new bonds were offered to holders of three bond Issues maturing or to be called for redemption on JunelJ, The five Issues were outstanding In the amount 195'^. of nearly «20.g billion. Subscription books were closed at the close of business on February Treasury Issue, probably sbort-teni, it was stated in the announoeoent on February 10 of the results of the refinancing. The results are summarized as follows: 3. New issues exchanged Outstand- Maturing or called securities ing 2-1/U percent certificates of indebtedness. Series A-195^i maturing February I5, 195!; For 2-1/2 percent bonds of 1961 For 1-5/S Total percent certificates, Series A-1955 (In millions) To be paid in cash or refunded later Maturing or called securities held by the banking system, Nov. 30, 1953 (Percent $g,lll+ $3,012 $2,367 15,6'^ $102 63 I-3/S percent notes. Series A-1954, maturing March I5, 195'+ '^.675 l+,600 3,233 1,367 75 57 2 percent bonds of 1952-5'+ (dated June 26, Ijl+il), maturing June 15,195!+ 5,S25 4,083 i+,og3 2/ 1,71+2 61+ percent bonds of 1952-55, called on February 9 for redemption on June I5, 1951+ 1,501 1,125 1,125 2/ 376 63 2-1/1+ percent bonds of 195'+-56, called on February 9 for redemption on June I5, I95I+ 6S1 359 359 2/ 322 ss 20, 796 IS, 179 11,167 2,617 65 ) 2-1/1+ Total. 1/ ~ 2/ 7,012 Commercial banks and Federal Reserve Banks reporting to the Treasury on the ownership of Government securities. The ownership figures for November 30 are the latest published for commercial banks. Not eligible. Terms of the offerings are sunirarlzed in the following paragraphs. Holders of the maturing certificates and notes were offered the choice of the new certificates or the new bonds. Holders of the three bond issues were were made par for par in the case of the maturing certificates and at par with an adjustment of interest as of February 15, 1951*, in the case of the other Issues eligible for exchange. Bonds of the new Issue are dated February I5, 195'+, and bear interest from that date at the rate of 2-1/2 percent given an opportunity to exchange their holdings for per the new bonds only, and the announcement stated that November 15, 195*+, and thereafter on May 15 and on November 15 in each year until the principal amount the Treasury would Issue calls for redemption on June 15, that date. I95I+, of the two bond Issues callable on Cash subscriptions to the two new Issues were not received. annum, payable on a semiannual basis on becomes payable at their maturity on November I5, They were Issued both in bearer and registered 1961. in denominations of $500, $1,000, $10,000, $100,000, and $1,000,000. form, $5,000, The new bonds, designated 2-1/2 percent Treasury bonds of 1961, were exchanged for any of the five listed securities tendered singly or In combinations Treasury certificates of Indebtedness of Series A-I955, aggregating I5OO or multiples thereof. were exchanged for the 2-1/1+ percent certificates of Exchanges The new certificates, designated 1-5/3 percent Treasury Bulletin A-2 Series A-IS^^ maturing February I5 or for the 1-3/S percent notes maturing March I5. Exchanges were made bond for cash at that time, consideration was being given to such an offering at a later date. par for par In the case of the maturing certificates the case of the maturing notes. Other Treasury Bonds Callable on June 15, 1951^ In addition to the announcement oonoerning the Certlflcstes of the new Issue are dated February I5, calls of the two bond Issues eligible for refunding, and at par with an adjustment of Interest as of February I5, IS?**. !•" bear Interest from that date at the rate of the January 27 announcement stated that the option 1-5/g percent per annum, payable at their maturity on to call the 2 percent bonds of 1951-55 and the 2 per- February I5, 1955- They were Issued In bearer form only, In denominations of $1,000, $5,000, $10,000, redemption on June I5, 195'*. e"<i $100,000, and 11,000,000. cent bonds of 1952-51+ (due December I5, I95U) for 195'*. would not be exercised. Any premium paid on the acquisition of these certificates In the market may be amortized in accordance with Section I25 of the Internal Revenue Code. Treasury gi-Day Bills Refunded Weekly maturities of Si-day Treasury bills in January totaled $6.0 billion. They were refunded in full In four equivalent issues of $1.5 billion each. stated also In the announcement of The average rates of discount on the new Issues were January 27 that while the amount of the public debt 1.314 percent for January 1 1.336 percent for January l4; 1.20S percent for January 21; and O.99S It was outstanding In relation to the statutory limit of 5275 billion precluded the sale of a longer term Note: DstailB of Treaeury market financing operations are shown elsewhere In this Issue of the "Treasury Bulletin", In the tables on "Offerings" and "Dls- ; percent for January 2S. position", reepectlTely, of marketable Issues of bonds, notes, and certificates of Indebtedness, and In the table "Offerings of Treasury Bills" . . . Febriiarif . . - . I9i4 SUMMAEY OF FEDERAL FISCAL OPKRATIONS (In millions of dollars) Net of Net Budget receipts and expend Ituree txuat account SurpluB, and other Expend Net sr transacreceipts Ituree deficit tions 2/ 1/ (-) 2/ 2/3/ Clearing account y increase in public debt, or decrease (-) Net increase In general fund balance, or decrease Levels, end of period Debt outstanding General fund balance Public debt Guaranteed securities C-) Total Federal securities Subject to lljiiltatlon 2/ Fiscal yeara: 12,696 22,202 I9k2 191*3 l*,568 136,696 201,003 258,682 1*,100 11*0,796 11*0,1*69 1,623 202,626 1*33 259,U5 10,71*0 -10,1*60 ll*,238 269,1*22 1*76 269,893 208,077 268,671 268,932 -11,136 -10,930 3,308 90 -5,991* 1,621* -1,1*62 l*,932 5,517 7,357 258,376 252,366 252,798 257,377 255,251 257,1*91 251,51*2 1*78 258,286 252,292 252,770 257,357 255,222 259,105 266,071 1.6 259,151 266,123 258,507 265,522 269,750 273,000 92 66 269,81*2 269,292 272,561 108,170 165,877 230,630 278,115 l*,301 l*,230 112, U7I 1,511* 232,11*4 567 339 278,682 81 256,981 55 30 252,851* -1,613 -338 -2,222 791 23,1*61 -20,676 -521* 751* -1,103 1*3,892 19't6 1*0,027 igliT 1*0,01*3 V^& U2,211 39,289 33,791 wiig 1950 1951 38,21*6 37,01*5 1*0,057 1*0,167 US, 11*3 l*l*,633 1952 1953 62,129 65,218 (Eet.).. 1955 (Est.).. 67,628 62,61*2 195'' 72,1*22 57,679 2,991 9,507 20,169 21*, 698 -21,1*90 -57,1*20 -51,1*23 -53,91*1 19W> WltS W.,762 358 6,515 10,662 U,529 187 79,622 95,315 98,703 60,703 31*, 61*,27l* 61*, 307 8,1*19 -291* -1,811 -3,122 3,510 -1*95 555 -507 366 99 679 1*83 l*,587 2,01*7 -211* -2,135 66,11*5 -l*,017 11*7 -1*01 71*, 607 -9,389 1*37 -312 3,883 6,966 1,839 -388 -2,299 70,902 65,570 -3,271* -118 -7 -2,928 -31*2 19 -1,788 -266 -1,161 3,1*70 6,969 l*,670 l*,950 3,679 3,250 280 50,232 57,707 6,983 1,751 10,51*3 12,291* 61*,753 9,91*2 1*7,1*81* 3,767 -22,502 22,236 26,003 502 lt,950 73 27 20 29 52 76,991 273,086 74,151* 252,028 256,652 254,567 Calendar years: 191*2 16,290 57,751 -1*1,1*61 V)kJ, 31*, 1*83 90,171* 19W 19't5 1*3,531 1*3,928 97,181 87,522 -55,691 -53,650 191*6 38,810 1*1,322 -1*3,591* -123 -2,512 -1,386 362 -18,966 -21*0 1,111 231* -2,21*9 -l*,100 l*,331 87 -106 -1*23 -1*1*7 2,711 -319 -209 7,973 7,777 103 -25 -21*5 357 587 -2,278 1,196 1,765 329 -91 -326 209 1,613 -800 -1,1*1*7 2,1*31* 1*1,1*50 38,576 36,209 38,122 1*1,711* -3,592 1950. 1951. 37,331* 53,1*88 38,255 -1*22 56,81*6 -3,358 -350 -229 -502 311 815 1952. 1953. 65,523 61*, 152 71,366 73,309 -5,81*2 -Ul -9,157 101 191*7. 1*1,010 191*8. 191*9. 5,21*1 199 l*,953 5,1*55 -501 -371* February March 5,553 9,886 5,105 W*8 5,701* 1*,132 186 106 April. May... June. 1*,323 -1,693 -1,850 2,865 -291 3,809 9,796 6,016 5,659 6,930 July.. August September 3,316 6,71*2 -3,1*26 -17 1*32 1*,050 5,013 6,070 -968 515 77 Oc tober 3,099 It, 151 6,003 6,383 5,161 -3,283 -1,009 -1,121 5,061 5,737 5,595 6,187 1952 -January Not ember December 1953 -January February March 6,585 5,1*79 10,502 7,121* -676 -U6 l*,315 1*22 -195 -229 -252 316 201 6,81.0 258,031* 1*1 259,813 260,399 253, 12U 259,153 259,745 257,473 5,393 258,337 259,951 259,151 257,639 259,305 258,507 262,472 262,592 262,091 1*0 261*, 919 1*5 261*, 961* 267,1*32 51 267,1*83 1*5 1*6 39 201* -981 -21*3 1,1*61 6,175 7,636 -265 -11.5 -1*1 -1,572 6,061* 267,391 51* 267,1*1*5 264,336 266,857 266,821 -111 272 -197 1*01 U -376 335 5,689 1*8 6,021* 267,1*02 267,581* 881* 6,908 261*, 1*85 50 51 267,1*50 267,631* 261*,536 266,837 267,023 263,929 -3,326 57 1,032 3,582 3,639 261*, 590 52 52 52 261*, 61*2 266,572 266,123 264,037 265,969 265,522 l*,071 8,71*1 7,671* 272,732 273,269 273,001 272,148 272,688 272,422 273,1*52 -2 -135 182 -3,099 -231* 1*66 -1*30 6,593 536 -2,818 -728 300 35 -218 79 -1,201* -600 5,058 38 37 -501* -1,1*73 5,132 259,775 260,362 256,127 252,057 256,413 256,026 253,794 2,238 2,513 -S,759 l*,l*58 3,879 5,075 263,107 263,225 262,722 5,9l*ar 5,333r 6,336 -1*15 31* 6,052r -79 266,821 274,671 263,073 263,186 262,682 -1*1*9 5,l*62r 275,21*1* 7,925 6,952 7,156 -373 6,066r 76 957 93 5,988r 267,1*1*5 577 -973 1,756 2,61*5r l*,605r 51* -1,1*88 267,391 275,168 113 7,988 October. November December 259,1*61 06I* 3,968 6,21(1 l*,li75r 1*2 1,770 1.1* 105 1,930 3,293r 259,1*19 258,292 259,905 259,105 289 July.. August September 62 6,969 -1*28 9,71*1* 21* 257,160 256,731 1*71 5,1*21 1*16 6,362 256,900 252,800 257,130 256,708 28 -207 2,81*9 lt,380 259,1*87 110,833 171,202 239,099 288,559 258,554 097 208 679 232 295 -1*05 1,51*8 -3,513 -1,862 April. May... June. 1951* -January. 357 -192 259,11*9 170,108 117 -269 1*1*9 -131 835 -376 29 -172 559 -1,067 -196 1*,670 7,1*78 l*,OI*l* 27l*,81*9 -1,31*6 -320 -533 r 61* 66 -1*0 4/ 63 63 l*,577 1,822 5,126 5,923 ^ 272,669 273,206 272,937 273,386 275,209 275,168 -2,352 797 Source: Actual figures from Dally Treasury Statement; estimates based on 1955 Budget document, released January 21, 1954. More detailed Information vlth respect to the figures on this page Is glTen in succeeding tables 1/ Groaa receipts less approprlatlona to the Federal Old-Age end Survivors Insurance Trust Fund end refunds of recelpta, azid also, beginning vlth the fiscal year 1954, appropriations of recelpta to the Railroad Eetirement Account. 2/ Transactions of the Forei^ Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948 (62 Stat. 150}, are consolidated with budget expenditures. Beginning with the fiscal year 1951, Investmanta of wholly owned Government corporations in public debt securities ere excluded from budget expenditures, and included vlth other such Investmants under "Trust Account and Other Transactions". i/ Excess of receipts, or ezpoidlturee (-). 266,520 266,071 71* 275,282 76 275,21*1* 272,875 274,707 274,671 75 27l*,92li 274,362 For outstanding checks and lntea*est coupons, and telegraphic reports fron Federal Reserve Banks; excess of recelpta, or expenditures (-). For current mocith detail, aee section on "Statutory Debt Lijiltatlon" in each Issue of the Bulletin. The llaltations In effect during the period covered by this table and tlie date when each becaae effective are as foliowo: March 28, 1942, $125 billion; April 11, 1943, $210 billion; June 9, 1944, $260 blXUon; April 3, 1945, $300 billion; sal June 26, 1946, $275 billian. Guaranteed securities are Included under the limitation beginning April 3, 1945. Savings bonds are Inclixled at c\jrrent redemption value beginning June 26, 1946; prior to that tijne thjy were included at maturity value. In the debt outstanding, savings bonds are carried at current redemption value. Revised to exclude fl*om net budget receipts and budget expenditures the appropriations to the Railroad Retirement Account (see footnote 1, and also Table 1 on page 2}. Treasury Bulletin .BOTGET RECEPTS AMD EXPENDITUEES Table 1.- Receipts by Principal Sources (In millions of dollars) . ... . - . February 1954 -BUIXJErr RECEIPTS AND EXPENDITURES Table 3.- Expenditures for National Defense and Related Activities (In minions of dollars) Office of Secretary of Defenae Fiacal year or month Air Force 19lt6 118,870 19^7 Y)hB 19^9 1950 16,812 11.500 12,158 5 12, SI'S 161 1,690 3,506 1951 1952 1953 19,955 39,033 15/ U,581. 313 6,238 (Est.)... 1955 (Est.)... 1953 -January.. Fetniary 195'> ^•.arch .... Anny 18/ S7 27,800 6,911 6,0U6 15,161 1,998 1,171 1,986 270 5,lil7 1,^1 12 10 11,058 1,110 1 5,757 9,961 11,776 3 1 Mo 12,35012/ 6,867 15,370 12/ 111,882 16,1197 U2,UU2 38,271 U50 15,600 16,209 111 570 3,«3J 3,501 3,789 31 53 1,285 1,088 ItOS ,201 10,201 1,2U Strategic Paymente under Armed Forces Leave Act Surplus property dLlaposal and critical netcrlals 20/ 661i 106 1,501 I1I12 11 268 25 325 98 7 99 299 1,281* 1,315 1,293 1,020 96U 1,078 5,139 963 321 202 65 I139 656 11,300 10,598 oth«r 21/ 8I17 92 101 912 107 '0 121 ^. 108 76 71 9 11 9 93 April. Ma»... 3,891 32 1,285 1,399 l.llll 52 3,7'»6 l,211l Jm?.. l-.OSfi 36 39 l,li20 l,li88 1,003 1,059 66 65 July August. . .. Septemter 3,890 3,519 3,787 36 35 32 l,liii7 1,1132 1,293 1,383 899 925 1,019 66 1,210 i,3oe 13 9 October Vorember .... Deceaber .... Calendar yr. 3,61.7 3,5'tO Uk 1,271 l,37l> 52 1.9 1,2511 10 10 3,k65 37 liJi,l»65 '•55 to date 21,8U8 233 1,519 15,555 8,00s 1,357 837 15,800 897 830 195't Source: 1,395 7,675 See Table 1. 10 10 I17 kl 98I1 75 13 11,790 71.6 119 5,553 321. 62 FootDotes at end of Table 5. Table 4.- Expenditures for International Finance and Aid (In nilllane cf dollaro) Fiscal i-ear or aontli I9I1S. 19l!7. 727 1,028 19I18. l',lli3 IQllO, 6,016 3rett-Dn Woods EXTXJTt- Agreements Act lEipor+ Banlr 159 l,li26 ^ 2^ 568 93S 465 Credit GD7omBent to and relief In occupied areas United Klilgloi. 23/ 2,050 1,700 -60 I15 GreekTurkish Assistance Mutual Security Act 2*/ EcoucuLlc and technical assistance 22/ Other Military asTlotance 26/ 21/ 511i ly 881 1,333 779 161 279 li,0li3 k6 3,523 111* 65 18 3,005 2,191 £81. h 1,72't 2,2?8 3,760 1,263 958 1,200 1,275 llil 277 316 2 156 131* 803 1(20 1950 11,689 1951 1952 1953 li,li69 ',917 5,788 113 370 152 U8 195I1 5,695 5,250 88 -151 22 20 3P1 690 -37 -6 -10 3 523 3 April. May... June. 1.68 -23 2 11^1 5I17 U7 Ii 63 3 366 285 325 3 3 560 200 1U8 July August September 55B U37 390 -111 3 l^i3 2 53 1 95 80 91 151 197 232 October Sorember .... December .... Calendar yr 313 1 1 106 88 155 19a ii 609 5,779 Uo 39 • 2 UU I18I1 li 5 295 27 1,U7U 3,810 ll2 131 to date 2,652 262 9 573 1,718 21 69 (Eat.)... 1955 (Eat.)... l?53"January. Februari'. March . 195I1 Source: , . 31.5 See Table 1. Footnotes 1 through 7 on pa^e 2 and 9 through 3I1 on page l. B/ Amounts appropriated to the Federal Old-Age and SurrlTora Insurance Trust Fund are equivalent to the anotoits of tazee collected and deposited for old-age Inaurance (li2 U.S. C. 1.01 (a)). The Social Security Act Amendments of I95O (Public Lev 73lt), approred August 28, 1950, changed In certain reapects the basis of transferring the appropriated funds to the trust fund. EffectlTe January 1, 1951, the old-age insurance taxes on ea^loyers and eoqxloyeee and the vlttaheld Income tax are paid into the Treasury in combined amounts without separation as to type of tax. The old-age Insurance tax on self-ei^loyment income, Imposed by Public Law 73I1, Is levied and collected as part of the individual income tax, beginning with the taxable year 1951. Beginning Janiiary 1951, the amounts transferred currently as appropriations to the trust fixui are based on estimates of old-age Insurance tax receipts made by the Secretary of the Treasury lli3 170 ''7 ii7 58 256 90 123 IW 3 5 10 15 7 7 10 15 3 21 li 11 3 9 It T 15 as required by lav, and are adjusted in later transfers on the besis of wage and self -employment Inccne records maintained In the Social Security Administration. For purposes of this table, the amounts credited to the trust fund beginning January 1951 represent estimated receipts of old-age Accordingly, these amounte are insuraxice taxes for corresponding periods. included under e^loyment taxes and excluded from total Income and profits taxes as shovn. Hie breakdown needed for excluding appropriate amounts from Individual income tax withheld and not withheld has been estimated only on a fiscal year basis. Figures for June 1953 Include adjustments by increase in amounts transferred as appropriations as follows: $53 million based on records of self -employment income for calendar year 1951 and $39 million based 00 records of wages earned in the quarters ending September 30 and December 31, 1952. Beginnlne December 29, 1953, transfers of appropriations were suspended until adjustments amounting to $25 million had been coiiq>leted; the unadjusted amount as of December 31 was $1 million. Treasury Bulletin .BUDGET RECEIPTS AND EXPENDITURES. Table 5.- "Other" Expenditures (In mllllone of dollars) Fiscal year or month . . I9i4 -BUIKEr EECEIPTS AHB EXPENDITURES. Table 6.- Siamary of Budget Results by Months and Years (In Apr, Tn m^^»'« of dollare) July Ma; Aug. Not lm(l«et rocalpte 2/ 1932 1933 193't...- 1*17 595 750 221 228 21*1 96U 910 682 791 1,557 313 285 369 270 225 19'»0.... 236 290 267 309 19'H.... 331* 1*U 19'*^ 571 19^3.... IS'A.... 783 751 9U9 2,71*0 2,1*91* m5.... 3,1*59 3,613 191*6.... 3,770 3,581* 3,538 5,202 6,532 6,661 5,501 19'>7.-.- 3,725 i*,196 5,31*2 191*8.... l*,196 lt,158 5,871* 2,786 2,159 1,962 a, 239 • 3,579 3,366 3,381 2,972 5,1*35 l*,820 1,31*0 1,1*88 1935 1936 193T 1938.... 1939.... 191*9.. 1950.... 1951.- • 205 197 225 301* 363 1*39 11*9 109 179 liO 203 208 216 112 257 208 296 233 251* 31*0 393 383 386 686 1,508 556 3,01*7 1,1*72 2,895 2,900 2 .2ll3 9,71*1* 5,553 5,t79 9,886 10,502 lt,323 5,061 3,809 ",380 19'>3.. 191*5. 191*6. 191.7. 191*8. 191*9. 1950. 1951. 1952. 1953 2/- 2.182 1,881 2,571 l*,953 191*2., 2,1*35 1,91*6 1953 2/ 191*1.. 739 2,001 2,078 6,182 5,702 3,963 U,929 1*07 7,089 1952..-. 1^.. 2,1*69 l*,567 lt,l*0l* 2,626 1937. 1938.. 1939. 267 260 325 1*,767 8,112 1935.. 1936.. 36U 730 552 599 1,270 2,320 ,257 1931*.. 289 822 l*,e59 I* 1932.. 1933.. 271* 2,321* 1,91*5 1*, 1*1*8 2,81*9 U58 527 32 159 211* 2,281 2,096 2,297 3,11*6 • 282 386 9,796 3,316 3,293 96 Sspt. Oot. Calendar yqar Flaoal y»«r 1/ . Treasury Bulletin .BUDGET RECEIPTS AND E3CPEBDITUKES Table 7. Social Security Act - Budget Receipts and Exoendlturee (In allXicns of dollar«) ,.. , . , - . February I9i4 BUDGET RECEIPTS AND EXFENDITUEES Table 8.- Railroad Retirement Act (]ji - Budget Receipts and Expenditures mill lane of dollars) Becelpts Fiscal year or month 19^5 £xce6a of net rocelpta, or expandltures (-) Taxes on carriers and their employees Expenditures Deduction: Refimdfl of taxes on carrlei^ and their eouployees 2/ AdulnletratlTe expenses Ket receipts Transfers to Railroad Be tire ment Account (trust account) 285.0 282.6 380.1 557.1 563.8 2811.8 311.1 2.3 281.7 380.0 557.0 291*. 5 2.6 19^9 -26.3 -12.8 77.3 -206.5 -15.5 302.8 763.5 578.9 4.3 5.0 4.4 308.8 291.9 298.5 758.5 574.5 1950 1951 1952 1953 -3U.1 -30.5 -35.9 -30.3 550.2 577.5 735.0 626.0 549.6 577.5 .4 saa.s 608.0 770.7 655.2 .2 lU.2 -1.2 -.U 89.U 51.8 89.it April...., .1 May June ...... -.7 12.6 89.6 53.3 -1.0 191*6 191*7 igitS 1953*Jaa«ary.. February. March.... July August. .7 October. November December. . . 625.3 51.8 13.4 90.6 51.9 12.6 89.6 53.3 12.5 90.2 52.7 12.5 90.2 52.7 IU.6 93.3 53.0 14.6 93.3 53.0 .8 lU.li llt.14 * 90.0 Sl.U 90.0 51.1 48.1 94.0 53.9 13.6 90.0 -33.5 -.8 . Septeonber, 73't.8 -1.3 See Table 7Source: Excess of expenditures Is covered by appropriations by Congress. Interest on refunds is Included under "AdnlnlstratlTe expenses" Includes interest on refunds (see footaote 2). Beginning in 1950» administrative expenses previously shown as budget expenditures are paid from the trust fund (see "Trtist Account and Other Transactions", Table 6). Fiffxn-es y 48.15/ 94.0 53.9 52.5 13.6 90.0 52.1 .k I95I* to show approprlatlcQS of receipts to the Ballroad Betirement Account as deductions from budget receipts ^ and they are therefore excluded from budget expenditures. Data are shown in this table on the old basis through December for comparative purposes only. Figures for the fiscal year 195** Include appropriations of receipts to the Ballroad Betirement Account ^Ich are not handled as budget transfers to trust occounte (see footnote k) Leas than $50,000. I 4/ 583.7 608.0 770.7 655.6 13. >> 90.6 52.2 .6 , . 11* 563.'* In the preceding tables have been revised for the fiscal year Table 9.- Railroad Unemployment Insurance Act i/ - Budget Receipts and Expenditures (In millions of dollars) Ezpanditurea Beceipta Fiscal year or month 1945 1946 1947 1948 1949 Excess of receipts, or expenditures (2/ Railroad unemplo^noant Insurance contributions April Hay June -.6 -5.1 -3.2 4.0 9.1 9.8 10.3 10.0 6.9 5.8 5.3 5.8 5.4 .6 12.3 5.3 9.7 10.6 .1 .3 ^o .1 .8 .4 .4 .6 .6 -.1 -.6 2.1 -.4 -.3 .2 2.3 « 2.1 * 4.6 A .4 .8 .4 .4 Septeoiber, 1.4 .3 -.4 1.7 * .3 October. November December. .1. .li -.1 2.0 .4 .4 .li 2.2 .2 .2 1.5 . . Source: See Table 7. 1/ Operated as Railroad Unemployment Insurance Administration Fund, for administrative expenses of the Railroad Retirement Board in administering the act (li5 U.S.C. 36I). 2/ Excess of expenditures is covered by appropriations by Con^iess. i/ Through 1948 represented 10^ of contributions under the Railroad Unemployment Insurance Act of 1938; the remaining 90^ was deposited In the Railroad Unemployment Insurance Account in the Unemployment Trust Fund. Beginning 1949, represents contributions equal to 0.2^ .3 4/ ^ 4.4 4.9 .2 -4.6 . . ^ 8.9 9.6 9.2 9.7 9.0 .6 .6 July August. Account, Unamplojment Trust Fund 3.7 3.5 4.5 5.5 5.9 -.6 February . March Tronflfere to Railroad UoemplOTinent Insurance 12.6 13.1 13.7 15.1 14.8 .5 1953 -January... ^ AdnlnlstratiTe ezponsee 4/ 13.2 12.9 14.2 14.5 9.7 .6 -.2 1950 1951 1952 1953 Total 4.2 of the taxable pay roll; the remaining contributiaos are deposited in the Railroad Ibiemployment Insurance Account (45 U.S.C. 358 (f)). (See "Trust Account and Other Transactions", Table 7). Consists of expenditures from appropriations made specifically for administrative expenses relating to the Railroad Unemployment Insurance Act. Represents excess funds of the Railroad Unemployment Insurance Adminlatratlon Fund, under act of Oct.lO, 1940 (54 Stat. IO99). Less than $50,000. .. ) ) ^ ' Treasury Bulletin ; -TRUST ACCOUNT AND OTHER TRANSACTIONS. Table 1.- Summary of Trust Account and Other Transactions (In mUllcDB of dollare) Trust accounts, etc. Net of Fiscal year or month trust account and other transactions l/ 19l>6 -52l» X$>H 19^8 -1,W3 of Goremment agencies In public debt securities Net Het receipts, or expenditures ( - Expenditures ( other than net InTaetmBnts Receipts 7,712 6,8W( 6,515 2/ li,lt7lt 3,625 3,857 , 2/ inreelaiiflnte — Net redeanptlone, or sales (-), of securities of Govern] agencies In the marlcet Guaranteed Not guaranteed 3,668 3,362 3,060 2,311 160 387 16 -66 -28 -123 1.6 28 19't9 -1.95 3,238 2,619 2,658 1,890 5,711t 3,8211 1950 99 -281 6,669 6,950 -ll02 8 Ik 1951 1952 679 3,852 3,855 3,763 7,796 8,807 8,932 3,9l'5 952 5,169 -10 -16 -7 -371. It, 3,557 3,636 3,301 9,1A1* 1C,323 6,859 7,639 2,999 3,15^ -ko 6 -255 -136 -29l* 1953 88 32 195^ (Est.)... 1955 ;jBt.)... -ia8 -3l*2 2,586 2,683 1953-J»nu'>r7.. Februftry, Harch. .. -111 272 -197 286 920 6U9 296 3U6 758 130 170 100 6 -35 -2 1311 -109 -1 -11 AiirU.... -207 In6 -1.5 IA3 1.88 112 -1 831 801 l,0l»7 217 537 "•53 51 -38 -33 61 395 71 -U -15 May June July August. Sept<Bbar -231* Octol)er.. -218 79 -131 -10 571. 300 35 . Hot flower, December. 1,338 1,158 629 h6h 31 1.82 1.51 -225 202 378 839 627 60I1 -76 72 636 5U9 21.0 -108 61 ll29 78 Actual flgrires frcm Dally Treasury Statonant; estlnates based an 1955 Budget docunent, released January 21, I95I.. Excess of receipts, or expenditures (-). Source: X/ 735 -199 695 2/ * -1 -75 150 Excludes Foreign Ecanoolc Cooperation Trust Fund (see page 1). Less than $500,000. Table 2.- Trust Account Receipts (In milllonB of dollars) Federal Old -Age and Survivors Insurance Trust Fund Fiscal year or month 191.6 Railroad Retirement Account 191.8 7,712 6,21A 6,515 a/ 1,386 1,623 1,807 312 323 797 19'»9 5,71'» 1,921. 625 1950 6,669 2,367 6I.5 1951 1952 7,796 8,807 8,932 3,1.11 9,Wt 10,323 6,081 19'»7 1953 (Est.)... 1955 (Est.)... 1951. 1953 -January.. February. March.... April.... May June July August. ,. Septanber October. Hoveanber. December. Uiemploynsnt Trust Fund National Service Life Insurance Fund Govei'iiiiient Life Insurance Fund Government employees retirement funds 1/ Other trust funds and accounts 2/ 1,280 1,289 1,313 1,173 1,281 2,351 103 61I. 1,666 1,501* 131* 578 7I.O 90 92 87 591. 792 l.n"* 1/ 529 1,51.2 681. 3,932 678 850 1,61.3 '»,516 71.5 1,591' 786 637 5,11.2 782 755 1,566 1,690 690 1,076 680 809 1«33 86 87 79 850 912 5l»5 961 1.01 61.8 83 81 685 692 376 1. 721 597 1.61. 286 920 U8 11. 28 1.1 1.92 91 6I.9 lAO 213 22 kk kz 3 3 kk 26 36 37 51 53 21.8 67 332 106 37 3 36 38 27 IA3 1,338 525 593 Ik 92 135 1.29 211. 1.8 1,158 530 310 91. 65 321 51. 1,01.7 1.82 378 839 627 31* 3 3". 193 1.7 2I.5 19 5 38 13 36 51 33 3 71 2 37 25 89 32 ik 37 39 51 22 30 189 II. 50 398 39 90 3 25"» 3W. 35 2 53 122 36 3 Source: See Teble 1. 1/ Conslsta of ClvU Service and Forel^ Service rotlranant funds. 2/ Includes Adjusted Service Certificate Fual, District of Columbia, Indian tribal funds. Island poesesslcDs, Increment reeultlng from i/ 51. reduction in the weight of the gold dollar, and through June 1950 seigniorage on a liver under the Silver PurchojBe Act of 1931.. Thereafter any such seigniorage is included under budget recelpta. Excludes Foreign Economic Cooperation Trust Fund (see page 1). , February /95-f .TRUST ACCOUHT AMD OTHER TRANSACTIONS. Table 3.- Trust Account Expenditures Other Than Net Investments . Treasury Bulletin 10 .TBUST ACCOUWT AMD OTHER TRAHSACTIONS Table 5.- Federal Old-Age and Survivors Insurance Trust Fundi/ (In mllliaDS of dollara) Februarij 9 U . 1 5 6 - 1 11 I9i-i- .TRUST ACCOUNT AHD OTHER TRANSACTIONS Table 7.- Unemployment Trust Fund (In naillcme of doUare) Receipts Fleoal year or month State accoimte Bxpsodlturee other than inrastaiflate Railroad TJbaiuploTment Ineurance Account l/ Trana- Total Depoalta by States Contrl butlons 2/ 1936-lt5. Railroad Unemploy Transfers nent Insurance Withto RaildravalB road ttoam- Account l/ by ployment Benefit States Insurance payments Account Tranefere fera frcan from States Admliils- 3/ State acoounta tratlon Fund kj inveatmenta Inveetmenta In aaeeta 502.5 116.2 127.6 130.6 98lt.O 1,281.0 1,098.8 1,362.6 11*. 161*. 900. 81*8.3 52.0 61*1.3 1,'*39.0 15.1* It.l* 131*. 1,01*8, 1*8.3 1,593.8 1,371.1 15.0 l*.9 202.8 1,009. 1,000.3 912.6 1,566.5 1,690.5 1,325.0 15.0 15.0 '*.3 l*.3 222.2 216.2 1,095. 1,255. 999.9 1,159.9 28.0 212.9 17.9 99. Mar.. 28.1 213.3 21.8 Apr, May.. June. 67.3 332.5 106.0 56.8 331.6 10.6 July. Aug.. Sept. 61t.8 60 .U 321.2 13.2 320.0 10.3 1*9.6 19^9.... 1950.... 1951.... 1952.... 1953.... 195lt (lat.: 1955 (Sat.: 1953 -Jan.. Fat).. Oct.. Not.. l,5ltl.6 l,61t3.3 1,1*55.0 Dec. 253.9 122.0 39.1 253.5 15.9 1936 to date .... 21,628.1* 18,517.6 10C.3 501.5 2,373. 11*3.6 11*6.9 1,11*5. 165.3 180.1 1,313. 798.1 1,227.1 60.8 .1 38.0 9.6 9.2 9.7 9.0 9.7 5.1* 167.1 2,025. 1,879.0 11*6.5 .1* 869, 858, 2,222.5 1,128.3 106.3 817.1* .5 .1. 7,315.3 7,449.1 7,869.0 8,323.0 8,182.4 7,307.2 7,409.0 7,852.0 8,298.4 8,138.3 8.1 40.1 17.0 24.6 97.3 594.7 584.0 7,437.9 8,079.2 8,673.9 9,257.9 7,414.3 8,064.2 8,647.1 9,237.0 23.6 15.0 26.9 20.9 95.2 95.2 471.3 435.3 9,729.2 10,164.5 9,711.0 10,062.0 18.2 102.5 -71.6 8,967.6 118.8 -88.4 9,086.li 8,998.0 3,938.1 9,059.1 8,974.1 29.5 27.4 24.0 -24.7 8,973.3 9,230.1 9,257.9 3,961.1 9,214.1 9,237.0 16.1 20.9 9,247.6 9,500.3 9,442.0 9,234.0 9,479.0 9,425.0 13.7 21.3 17.0 -6.0 9,418.2 9,566.9 9,560.9 9,408.0 9,547.0 9,545.0 10.2 19.9 15.9 9,560.9 9,560.9 9,545.0 15.9 17.2 51.7 91*. 110. 89.1 85.6 100.5 10.6 8.8 9.7 92. 75. 78. .2 69.9 73.2 7.8 5.8 10.5 .5 .ll 92.2 .1 1*.2 1.2 .3 939.7 107.2 9'*.'* 7>*. 69.9 68. 62.lt 61».7 71. 10.5 73. 102.8 105. 128. .1. 3.1* 1,969.5 81* 66.1 92.8 116.7 12,067.5 SourceJ See Table 1. 1/ Excludes interim advance of $15 million flrom the Treas«i7 and subsequent repayment, both talcing place in the fiscal year 1940. 2/ Represents contributions under the Railroad Unemploymsnt Insurance Act of 1938, as amended (45 U.S.C. 36O (a)). In eTcesa of the amount specified for administrative expenses. (See "Budget Beceipts and Expenditures", Table 9). Bepresents amounta transferred frcan States to Baliroad Unemployment Insurance Account equivalent to amounts of taxea collected with respect to 11,311.2 4/ ^ y • 1*19.9 86.75/ .3 3.1 7,315.3 133.9 1*1*. 3.5 * 2.5 « Uneipeoded balance ^ 8,540.3 1,009.9 1,005.3 1,007.3 V^l.... AseetB, and of period or decrease 9,688.6 1,279.8 1,289. 1,312.9 1,173.2 19li6 2/ -71.4.5 5.0 5.0 6.2 -10.1 252.5 6.8 -58.3 7.1* -23.8 148.7 7.5 11.3 107.2 1*51* .0 -11*0.6 256.8 27.8 649.2^ 41*. 12.3 period from January I936 to June 1939, Incluaive, from employers lAo come within the purview of the Bailroad Uoemployient Insurance Act. Represents excess funds of the Railroad Uaemployn^nt Insurance Administration Fund, under act of Oct. 10, 1940 (54 Stat. IO99). Includes transfers to the Railroad Unemployment Administration Fund as follows: $9.7 million in 191*9 and $2.6 million In 1950, representing adjustment for over-ooHections due to retroactive change in tax rate (45 U.S.C. 358 (a)). Less than $50,000. Table 8.- National Service Life Ineurance Fund (In millicoa of dollars) 1 net increase Treasury Bulletin 12 -TRUST ACCOUHT AMD OTHER TRANSACTIONS- Table 0.- Investnenta of Specified Trust Accounts In Public Debt Securities, by Issues, as of December 31, 1053 (In mlUloDS of dollars) lae-ao 13 Febntarij 1954 .TREASURY CASH INCOME AND OOTGO. Table 1.- Summary of Cash Trarisactlons (In mllllana of dollars) Treasury Bulletin 14 .TREASUBY CASH INCOME AMD 0OT3O. Table 3.- Derivation of Cash Budget Expenditures .. . February 1954 15 INCWE AND .TREASURY- CASH OITEGO. Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing (In mlUlonfl of dollara) Net InrestBiante In Federal securities outstandljig Fiscal year or month Public debt Ouaranteed aecurltlee Noncash debt transactions Leae: Increase, or decrease (-), In Federal eecurltlee Total Federal 80CUrltles Bj trust funds and accounts Issuance of Federal securities resulting from budget expenditures, etc. J or refunds of receipts Armed forces leave bends By GoTeiTgnent agencies Notes for International Bank and Fund 1/ g/ Adjusted service bonds l/ 1/ 19't6 10,71*0 "•3 10,783 3, ''09 19^7 19^8 19^9 -11,136 11,523 7,892 -5,99'' -387 -16 U78 -W -6,010 1,391* 1*32 2,916 159 178 -69 319 1,793 -1,229 -16I1 -k -2 -913 -123 97 187 281 232 -95 -160 -68 -Sk -2 -1 -1 -1 166 -15 -10 '•,587 -8 '»,579 33'' -l«)5 -2,135 3,883 6,966 10 16 7 -2,126 3,900 6,972 '',0t5 '',336 '',023 3,369 3,355 3,068 3,679 3,250 1*0 3,719 3,21A 3,533 3.5W' 2^878 2,980 121 -6 5 18I» 212 227 101 -112 223 21*2 2 Mar... 11 i8e -3,099 61 38 Apr... Ma;... June.. 105 1,930 -W(9 106 1,930 lUh -33 -1*49 152 5Wt 805 July.. Aug, Sept. 6,598 536 6,609 537 -268 169 ''U 80 1»52 -77 280 291 1950 1951 1952 1953 195^ (Est.) 1955 (Eat.) 1953-Jan. . Foil... . Oct... Hot... Dec... -269 -6 1 -3,098 W9 1,822 -llO 1,830 -39 -86 -8 3,668 3,362 3,060 2,311 1711 1*2 81*0 -1(A 80 -19 'llO -11' 22 1*9 -73 -3 39 -32 7,''39 28 559 580 -19,399 -7,280 -2,513 -Ik '',231 -5,795 -525 28 25 525 -255 -136 -11 Source: See Table 1. 1/ The iBBuance of these securitlee la treated as a noncash budget expenditure at the time of Issuance and as a cash budget expenditure at the time of cash redamptlmi; net Issuance, or redanptlon (-). See Table 1, footnote 1. 1^ The Issuazuse of these securities Is treated as a noncash deduction froa 66 123 -28 203 37'' Wi -1 -1 -1 60 k/ ^ * Net cash borrowing, or repayment of borrowing 57'' -1 -1 -1 19 -19 -1 -1 -1 guaranteed securities of Federal agencies Eqiiials: U67 1*35 -88 -32 1*00 -2 -1 -1 201 181 -970 -39 -10 J* y Plus: Cash Issuance of naa- 638 779 719 13 -9 -2 -2 -2 -5'* UU 2,ito Excess profits tax refuDd bonds 3/ Interest on ssTings bonds and Treewury bills Net transactions In guaranteed securities not reflected in Treasurer 'e accounts 2,918 ItJtl -151* 81* 35 -173 1*0 -13I' 23 11 -178 -3,188 ll2 -51 kS 38 71 33 109 28 22 15 1 75 -97 1,425 -1,222 6,1'56 127 -27'' -72 1*57 111 108 83 -61 1,659 -391 budget receipts at the tine of Issuance and as a cash deduction at the tljne of cash redemption; net Issuance, or redanptlon (-). See Table 3, footnote 2. Includes borrowing through Foetal Savings System. Less than $500,000. Table 6.- Cash OperatlriK Income and Outgo by Months (In millions of dollara) Annual total Calendar year Apr. May July Aug. Sept. Calendar year Fiscal year 1/ Cash operating incceae: 2,915 3,724 3,032 3,821 4,482 3,104 4,275 4,068 4,947 4,548 6,675 7,001 5,649 5,585 6,019 3,319 3,164 2,366 2,228 2,402 3,642 3,850 2,965 2,746 2,969 6,332 6,016 4,183 4,886 4,877 2,327 2,764 2,332 2,446 2,268 3,238 3,371 2,803 3,112 3,162 6,015 5,276 4,585 4,666 4,667 2,212 2,809 2,683 2,589 2,280 2,877 3,030 2,813 3,305 3,190 5,538 4,328 4,156 3,987 4,106 48,194 49,608 41,635 44,319 44,971 47,861 50,240 43,839 43,591 45,400 3,683 3,485 4,696 5,183 5,239 3,893 3,595 4,877 6,275 6,267 5,555 5,162 3,489 10,436 11,042 1,430 1,683 2,960 4,689 3,214 2,595 2,939 4,148 4,722 5,294 4,798 4,687 7,367 9,988 10,185 2,081 3,150 2,jJ.O 3,52'' 2,854 3,593 3,615 4,600 4,878 5,526 4,915 4,865 6,555 6,898 6,373 2,046 2,426 2,855 3,418 2,950 2,965 3,487 4,293 4,997 5,396 4,263 4,488 5,642 6,320 5,339 41,374 42,431 59,338 71,396 70,440 41,628 40,970 53,439 68,093 71,344 8,009 7,118 3,700 3,487 2,726 8,564 8,786 3,876 2,961 3,418 7,677 7,765 3,600 3,063 2,397 8,027 8,436 3,853 2,781 2,507 8,478 8,829 4,562 4,784 4,129 7,249 7,750 2,745 3,272 2,588 8,146 7,512 2,760 3,073 2,950 7,686 6,326 2,944 3,943 3,197 7,886 5,913 2,844 2,570 2,779 7,373 1948 7,537 7,729 4,668 2,715 2,497 4,754 2,269 2,490 3,474 8,178 5,224 3,578 3,476 4,235 94,810 86,142 41,399 38,616 36,897 93,956 95,184 61,738 36,931 36,496 19^9 1950 1951 1952 1953 2,855 3,177 3,438 5,473 5,442 3,259 3,537 3,522 5,328 5,754 3,850 4,046 4,219 6,120 6,970 3,130 3,709 3,700 5,154 5,751 6,66a 4,550 4,061 5,223 6,978 7,932 2,966 3,143 4,843 6,233 6,001 3,715 3,009 5,565 5,622 6,720 3,847 3,199 4,862 6,066 6,294 3,266 3,335 5,801 5,759 3,426 3,415 5,642 5,558 6,258 4,070 4,004 5,621 7,364 6,294 42,642 41,969 58,034 72,980 76,529 40,576 43,155 45,804 67,956 76,561 -4,622 -4,005 -1,636 1,106 1,986 -4,905 -2,843 368 1,460 1,824 -1,889 -1,785 1,773 2,624 2,601 -4,358 -4,601 -1,234 -835 -2,146 -2,813 -379 102 748 -4,922 -4,986 -4,908 -4,141 43 -5,674 -3,104 -161 41 212 723 18 -4,496 -1,724 544 816 1,469 -499 -283 -2,640 -896 578 510 -128 -46, 616 -413 -827 -320 -1,671 -1,050 1,641 4 -4,385 -4,586 -888 -35 462 5,703 8,076 -46,095 -44,945 -17,899 6,659 8,903 829 308 1,259 -290 635 58 1,356 947 513 1,704 1,116 4,270 4,316 4,072 -1,699 -1,661 -1,184 -1,283 -3,229 -1,114 -762 -1,006 -1,029 -1,368 248 626 2,144 3,010 2,253 -885 -1,032 -1,989 -2,640 -2,386 -566 514 -965 -744 -1,193 1,068 1,666 1,693 832 78 -1,220 -909 -2,946 -3,097 -2,809 -461 193 72 485 21 -1,044 -956 -1,267 482 1,304 -1,583 -6,089 1,051 -2,185 7,635 137 -5,217 19l|lt I9I1? 191*6 19*7 191*8 191*9 1950 1951 1952 1953 Cash operating outgo: 1944 1945 1946 19''7 3,3'''' 4,144 5,972 6,443 6,51'' get cash operating Income or outgo (-); 1944 19'*5 1946 1947 1948 1949 1950 1951 1952 1953 Source: -203 See Table 1. 1/ -1,348 -561 -862 Fiscal year ending June 30 of year Indicated. -36,53'' 236 . . . . . Treasury Bulletin i6 , DEHT OOTSTAHDING AHD GENERAL FUND , Table 1.- Summary of Federal Securities (In minionfl of dollars) Guaranteed securities Guaran- End of fiscal year or Bbon^ Total 1/ Public debt teed securities Public debt 2/ 19k6. igkT. 19^8. 269,898 258,376 252,366 252,798 257,377 19''9. 1950. 1951. 1952. 1953. 269,li22 l>76 258,286 252,292 252,770 257,357 90 27 20 l,27l> 298 1,302 1,313 1,301 238 2,100 2,098 3011 1,258 2,079 286 1,258 1,277 1,258 265,323 265,1189 119 262,380 50 52 52 52 262,601 262,550 26li,lili5 263,997 263,91.6 51 51 51 2,0ltl 2611,1196 272,669 273,206 272,937 63 63 270,665 271,207 270,806 270,603 271,11.5 270,711* 273,386 275,209 275,168 66 271,356 273,201 272,956 271,291 273,128 272,881 73 75 J^ll. 261i,6lt2 261., 590 May... June. 266,572 266,123 266,520 266,071 July 272,732 273,269 273,001 273,'»52 50 51 61t 7k 76 Source: Dally Treasury Stat«uait. Includes certain obll^atlcsis not subject to statutory llJBltatlan. For amounts subject to limitation, see page 1. 2/ Excludes guaranteed securities held by the Treasury. For current nonth detail by Issues, see "Treasury Surrey of Ovnershlp" i/ Special notes of the United States issued to the International Monetary Fund In paynent of part of the Ibilted States eubscrlptlon. ^ 935 1,218 788 701 10 613 2 575 550 525 2 1,063 12 1,283 512 1.19 2,125 262,1130 261»,li85 267,5811 2I15 2,21t2 265,370 265,538 26U,536 265 1,161 1,063 1,270 2,370 2,080 2,096 2,106 267,ll02 252,852 256,863 2,11.8 Other 4/ 1,721. 2,126 1.7 267,'»50 267,6311 52 376 231 280 2,2llJl 53 252,879 256,907 263,997 I46 1,311 3,173 2,229 2,009 2,372 539 1953 -January.. February. March.... 275,282 275,2Wi 17 277,912 551 267,391 , 2,012 2,150 21. 265,293 279,211l 267,W>5 norenber .... Deconber. ... 1,321 3,179 2,23ll 278,1.51 279,761t 1952-Decenbor. Octol)er 83 69 1.67 265,3116 Dobt peak: ?eb. 19lt6. . 268,111 255,113 250,063 250,762 255,209 27 w. 51 29 . Monetary fund i/ 263,9116 255,222 259,105 266,071 Septantier. 268,578 255,197 250,132 250,785 255,226 73 Guaranteed securities 2/ (matured) Public debt 2/ 255,251 259,151 266,123 August Matured dett and debt bearing no Interest Interest-bearlne debt Total outstanding 6 5 3 1 1 536 1 535 531 1 1 1 1,258 1,302 1,302 529 527 525 1 1 1 2,091. 281. 2,105 316 2,<A0 2,075 2,125 252 2,076 2,126 62 62 63 2,067 2,062 2,195 2,066 2,061 2,193 2I13 252 398 1,302 1,291 1,280 521 518 516 1 1 1 65 2,097 2,082 2,288 2,095 2,081 2,287 301 287 1,280 1,280 515 511. 1 1 I136 1,31.0 511 1 2I16 298 533 pursuant to proTlsians of the Bretton Woods Agreenents Act. The notes bear no Interest, are noonegotiable and are payable on denand. Similar notes issued to the IntematianflJ Bank and outstanding I9I.7-19I.9 are included under "Other". Includes savings stamps, excess profits tax refund bonds, currency items , and notes issued to the International Bank ( eee footnote 3 ) For current month detail, see "Statutory Debt Llfflltatlon" , Table 2. , y Table 2.- Interest' -Bearing Public Debt (In millions of dollars) Public Issues Qjd of fiscal year or month Total Interestbearing public debt Marketable Total public issues Cert ificatee 268,111 255,113 250,063 250,762 255,209 2U5,779 219,852 217,986 222,853 160,3116 155,11.7 155,310 17,039 15,775 13,757 11,536 13,533 252,852 256,863 218,198 137,917 13,611. 9,509 Ili0,li07 263,9116 219,12ll 223,ll08 17,219 19,707 277,912 257,016 199,810 17,032 265,293 226,lll3 lli8,58l 21,713 1118,5711 262,380 226,226 226,187 223,025 Apr.... May..., Juna... 262,550 223,077 2611,1.1.5 22li,735 223,li08 July... Aug.... Sept.. 270,603 191.6. 191'7. 191.8. 191.9. 1950. 1951. 1952. 1953. 227,7li7 Nonmarketable Treasury bonds 189,606 168,702 Bsnk eligible Bank re stricted 1/ 53,1.59 1.9,636 1.9,636 1.9,636 1.9,636 162 160 36,061 156 27,li60 17,2ii5 1112 31., 801. 18,261 65,861. 25,296 22,588 8,11.2 n,375 29,1.27 18,1.18 20,l«51l 69,686 62,826 60,789 53,159 28,1123 35,806 18,963 1*2,772 1.8,200 15,851. 30,1.25 63,980 l.l,".13 19,551 68,207 16,712 30,266 58,71.0 16,712 15,958 15,959 30,275 30,282 30,327 58,71.0 11.5,988 21,709 21,710 19,211 l't6,133 1U8,321. l'.7,335 19,312 19,913 19,707 15,959 15,959 30,375 63,111. 30,1.11 30,li25 6U,671 63,980 153,757 20,207 20,208 21,756 21,655 26,369 30,1.55 30,1.92 33,578 63,989 63,992 59,837 17,21.0 13,1.06 26,385 26,386 26,386 33,736 59,836 13,l«)l. 33,21.9 62,071. 13,1.02 31,"«)6 63,820 13,1.00 l''7,335 3,596 Other bonds 2/ u. s. savings bonds Treasury savii^s notes Armed forces leave bonds Special Issues Treasury bonds. Invest- ment Other 2/ serlee 180 166 56,173 1.9,035 59,0li5 51,367 6,711 5,560 161. 59,506 62,839 67,51* 53,271. lt,39l. 56,260 57,536 l.,86o 57,572 57,685 57,886 7,818 6,612 121. 80,281 78,717 76,073 53,1.27 180 57,206 1.8,692 8,01.3 21,016 131. 77,562 57,9ltO 21,013 21,012 21,009 121. 121. 77,653 77,7l« 121. 77,037 17,2li9 17,2ii8 I2I1 121* 76,91.4 76,1111 17,2115 12U 76,073 17,21.3 107 107 107 76,252 76,U63 76,982 107 107 107 1.27 22,332 27,366 30,211 32,776 32,356 1,793 563 396 297 95". 325 316 369 954 285 1.7 14,526 lli,0li6 319 373 13,288 IU.7 37,739 40,538 1.71 20,897 5,770 13,1.50 1.03 39,150 58,131. 5,676 13,1.1.0 1.02 58,268 58,371 5,61.2 l.,879 13,'.33 399 UOO 39,097 39,302 39,354 58,1.13 11,798 l*,793 13,31.0 13,301. 393 39,1174 39I1 •,1.53 39,710 40,538 8,1.72 '>,'*53 959 3't,653 Debt peak: Feb. 19U6, 1952-Dec . . . 1953-Jan..., Foh..., Har..., Cot... Hot... Dec... 2f5,323 265,1189 263,9116 271,11.5 270,71.1. 271,291 273,128 272,881 230,009 230,157 229,785 230,l«)3 232,115 231,68U ll»8,lili5 153,691. 152,801. 152,977 151., 726 15^,631 J.9,508 19,509 19,509 19,5U 15,851. 59,359 59,358 Source: Daily Treasury Statement. 1/ Issues vhlch ccmmarclal banks (banks accepting dansixl depoaits) are not permitted to acquire prior to specified dates, except that: (1) concurrently with the Uth, 5th, and 6th War Loans and the Victory Loan, they vere permitted to subscribe for limited Investment of their savings depoaits; (2) they may temporarily acquire ouch Iceues through forfeiture of coUateral; (3) they may hold a limited amount of such Icaues for 57,920 57,886 13,387 13,288 I1I.7 l.,706 l.,977 13,231 I.W. 13,191* 1.1.1 5,639 13,088 1.59 77,li27 6,258 77,389 77,053 6,201. 12,939 12,927 12,906 1.52 57,871 57,851 57,795 57)710 6,026 1.51. 1.16 40,594 40,988 40,958 40,888 41,013 41,197 trading purposes Bank restricted bonds may be redeemed at par and accrued interest upon the death of the owner If the proceede are used to pay Federal estate taxes. For the date when each euch Issue beccoies bank eligible, see "Debt Operations", Table 1. Consists of postal savings and Panama Canal bonds, and also conversion bonds prior to 1947, Ccmslste of depositary bonds. . 17 Februuni 1954 . DEBT ODTSTAHBUCr AHD GEBEE?AL FUND , Table 3.- Sp>ecial Issues to United States Government Investment Accounts (In mlllionB of dcllara) . - . . IS Treasury Bulletin . DEBT OOTSTAHDUC AHD GEHERAL FUND Table 5.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies 1/ (In mlUloDs of dollais) Jul of fiscal Caatoiltj Credit Corporation year or nan til X9W 11,673 n,gii6 2,789 6,851 19k7 19lt8 19^9 1950 8,1>23 Defease Froduotlon Aot of 1950 2/ 1,301 510 1,669 3,193 9,097 9,636 12,196 2,555 1,970 3,612 1953-Jan. Feb.. Nar.. 10,709 10,953 11,079 2,lK)l 3W 2,608 2,763 3't5 11,331 11,902 12,196 Julr. Aug.. S«pt. 11,959 12,532 12,832 Oot.. 12,880 13,079 12,953 or.. Sbc. Hotislng and Eiane Flnanoe Mmlnletrator 4/ 158 395 3">3 2,931 3, "n't 369 359 3,612 I116 3,'t68 too 3,798 3,962 U29 3,917 '•51 I),lli8 k70 501 3,9W Public Housing ALnlniatratlon Beccnatructlcn Finance Corporatlon g/ 1,088 1,227 1,579 2,082 2,513 1,097 1,150 1,189 489 655 655 274 197 159 1,154 1,150 1,139 2,328 2,361 2,419 1,176 1,180 1,182 795 778 703 1,185 1,188 1,189 1,339 1,159 1,227 Ii2l> OperatlcoB AdalnlBtratlon 5/ 964 l,0lt0 1(16 Forel^ 360 347 362 337 349 516 971 91U 964 1^ 1951 1952 1953 Apr.. Mar.. juDa. Export Import Bank of WaablngtOD i/ 2,472 2,495 2,513 Rural Kleotrlflcatlon AdJBlnls- Secretail of Agriculture tratlcn 2/ 9,205 9,966 Tannessee Valley Authority other 750 550 244 226 100 44 207 178 270 65 57 56 54 32 49 1,751 1,950 114 131 171 39 34 183 184 183 1,895 1,895 1,895 147 171 171 3l» 628 678 655 183 183 159 1,950 1,950 1,950 171 171 171 3"» 718 1,015 1,281 1,8^^ 1,'»56 1,5'«> 34 34 8/ 247 247 247 34 270 270 270 3I' 1,232 1,373 1,U29 2,563 2,572 2,564 1,190 1,191 1,192 503 581 619 159 159 159 1,983 1,983 1,983 142 152 172 29 1,U66 l.SOk 1,502 29 29 2,547 2,514 2,488 270 270 294 1,194 1,195 1,196 588 532 537 159 159 157 2,033 2,033 2,033 202 202 241 29 29 29 294 294 321 _L Soapoes: 1/ 2/ Dallj Treasury Statanent. The securities shoim In tUe table vera Issued to the Treasnrr to finance OoremiMt oorpca^tlona and other aganclea, vlth the Treasury necessary funds through public debt operations. To ^^^J^.^^.""' avoid dupllcatloi, these securities a« not Included In tte euaranteea guaranteed debt outstanding as shorn In preceding tables Seourltleeoonsist of notes of the Secretary of the Interior (Defaose Mi««|Jlsaj^or«lc^ MMlnlstratlai), Export-Jiport Bani ofwifhS^, *^ '^""^ ^"^'"^ Mialnlstratlon (to vhomlhe nnotlans of??^r>!5 the Defense Materials Pxocura«nt Agency were transferred J^^?^ tlM of the Seccnstructlon Flnancs Corporation under this act ware teansferred pursuant to Public Lax 163, approred July 30 1<«^ ^^' md BlecutlTe Orter Bo. 10499, dated Septeiber26 ' 1^?) Eloludee securities lss»ed under Defense Prodictloo Act Ccoslsts of alum clearance program; Federal Hatlonal >fart«>Re Associa''"'^' transfe!!^S^1^e " Finance Corporation beginning 3ept«,a«r 1950; and ""»"« houBlng loans for educational Institutions, beginning JUI7 I951. 3/ »/ ^"L'^L'^l^J^ ^""^ ^°^ J^S^l This Adamietratlon superseded the Mutual Security AgMioy on August 1, 1953, pursuant to Reorganization Plan Bo 7 of 1<«^ an/l KiecutlTe Order 10476, dated Au^t 1, 1953. 6/ Kicludea securities Issued under Defense Pr^uctlon Act of 1950beginning Decaaber 1953 excludes also securities Issued under Federal OlTll Defense Act of I950, Alch are Included under "Other" Reconstruction Flnanoe Corporation actlrltles under the CItU Defense Act have bean transferred to the Secretary of the Treasury pursuant to Public Law 163, approved July 30, 1953 For Fameire • Hc» Administration progran "^ ^"^"^ '"' «°rt8«e» Corporation end i""^ Corporation prior to 1950, TlJBln Islands Canrpany Of the Anw (Hatural Fibers Revolving ^«?"*«^ J'Sfi?' Treasury, beginning Deoeaber 1953 (see °^ f^tlh 6); end advances under asrea«ent with Veterans' footoote AdnSlstrallon for direct loan program beginning August 1950 2/ Botes ontetandlng In the soonnt of $9,365 Bllllco, 'incHiing mtapen June 30, 1948, pursuant to the G<,veT^t corporetlons Appropriation Act, I949 (62 Stat. II87). ^^ ^ hZ^-^.'^*~ TSJLS^ ^ ^"y^ ^ r^T °™"^ Table 6.- Status of the General Fund of the Treasury (In mllUons of dollars) Bunion, coin, and End of fiscal year or month currency Gold 1946 1947 1948 1949 1950 , , 1951 1952 1953 1952-Decaaber, 1953-Jan\uiry.. February, Marohs... April.... "V Jime July August... Septeaber October, Bovenber. Dsoinber. 14,708 3,730 5,370 3,862 5,927 160 1,023 1,073 1,022 1,052 7,871 7,481 5,096 1,046 6,582 6,278 6,564 7,351 •,099 4,086 5,096 9,115 8,113 7,854 5,481 6,292 5,014 Otter 243 232 191 219 191 Fund)^ icvniani Treasury Bulletin 20 , Table 7- - DEBT OTTrSTANIiIRJ AND GHJERAL FUUD Public Debt and Guaranteed Securities Outstanding by Months - (Continued) (B^ rear , of month, in mlUlans of dollars) : : , 21 Februani I9i4 STATUTORY DEBT LIMITATION The Second Liberty Bond Act, as amended, ( 3I U.3.C. provldee that the face amount of obllgatlone Issued 757 b), and the face amoujit of under authority of that act, obligations guaranteed ae to principal and Interest by the United States (except guaranteed obligations held by the Secretary of the Treasury), aggregate 5275 billion outstanding at any one time. Obligations Issued on a discount basis, and subject to redemption prior to maturity at the option of the owner, are Included In the statutory debt limitation at current redemption values. shall not exceed In the Table 1.- Status under Limitation, December 31, 1953 (In mlllicaiB of dollars) ^ the Mazlmim amount of eecurltlea vhlcb ma; be outatandlDg at any one time, under llmitatlcaa Impoeed of Juna 26, 1946 (31 U.S.C. 757 b) act 275,000 , Anount of eecurltlea outatandlng aubjeot to aucb statutoz? debt limitation: 27^,59^ U. S. Crorezmiaiit securities Isoued under the Second Liberty Boi^ Act, as az[Lended G^uaranteod eecurltlea (excluding those held by the Troaaury) 76 Total azaount of securities outatandlng aubject to statutory debt limitation 27l*,67l ,, Balance laauable under limitation Source: 329 Bureau of the Public Debt. Table 2.- Application of Limitation to Public Debt and Guaranteed Securities Outstanding December 31, 1953 (In mlUlonfl of dollars) Class of eec'jrlty Subject to statutory debt limitation Public debt: Interest -bearing securities: Marketable Treasury blUs.... Certificates of ludebtedneea Treasury notes Treasury bonds - bank eligible Treasury bonds - bank raetrlotod l/.,. Postal saTlngs and Panama Canal bonds. Total marketable. Konmarketable U. S. aavlngs bonds (current redemption value). Treasury savings notes Depositary bonds Treasury bonds inreslaiiant series , Total nonmarketable Special Issues to Gorammant agencies and trust funds. Total interest-bearing securities Matui'ed securities on which interest has ceased Debt bearing no Interest: United Statea earlnga stamps .^ £xoese profits tax refund bonds , Special notes of the IMJted States: International Monetary Fund Serlec United States notes (less gold reserve) Deposits for retirement of national bank and ITederal Peserve Bank notes. Other debt bearing no Interest Total debt bearing no Interest. Total public debt. Guaranteed securities: 2/ Interest-bearing, Matured Total gupranteed securities. Total public debt and guaranteed securities. 19,511 26,386 31,'vo6 63,820 13, 1*00 Hot aubject to statutory debt limitation Total outstanding . Treasury Bulletin 2? .DEBT OPKRATIOHS. Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities Issued by the United States Government and Outstanding December 31, 1953^ (In mlllloDs of dollars) Aaount of maturities Tsar aal BCQth Dasorlptlcn of aecurit; 2/ FUsd raatu- ntj iBSUSS Callable issnss classified b; year of: First call Final, aturlty 19» Jan, 2-lA* Certificate Apr.. Bills. 2lt Zi rear and Description of security 2/ nanth Fixed maturity Issues 2-3/8* Bond 2-7/8* Hote 3/15/57-59 3/15/57-A 2,997 './l/57-EA 531 Callable Issues classified by year of: First call Final aaturlty 927 6,00ll - Bills 1-3/8* Hote 2-1/2J Certificate (Tax Anticipation Series) June. ir<3ue8 become bank eligible 3/ Anount of matoritles 1957 Mar. 6,003 Bllla Date bank restricted 2/15M-A 8,111. Apr., 6,003 Oct., i/iJM-A '',675 1-1/2* Hote 1-1/2* Hote - IO/1/57-BO Total 3/22/5Jt-C 821. 1»,352 927 5,902 1,502 Bond k/ Bond y U 2-1 A* Bom 2% Bond 2-1 A* Bond k/ 2-5/8* Certificate 12/15/51-55 6/l5/52-5l» 510 5,8e5 6/15/52-55 1,501 8,662 681 12/l5/52-5Jt 6/15M-56 6/I/5I.-B Aug.. 2-5/8* Certificate 8/15/5I.-D 2,788 Sept. 2-5/8* Certificate 9/15/5^ -E lt,72lj Sec.. Bond 2* 1-7/3* Bote 12/15/52-51* 12/l5/5lt-B 1958 l.,858 8,662 Mar. 2-1/2* Bond - 3/15/56-58 Apr. 1-1/2* Hote - U/1/58-EA 383 June 2-3/8* Bond 2-3A* Bond 6/15/58 6/15/58-63 U,21.5 Oct.. 1-1/2* Hote 10/1/58-BO Dec.. 2-1/2* Bond 12/15/58 8,175 6lt,573 11,35'. 8,662 Total 1,1*9 919 2,368 7,01.1 919 1M9 1955 Mar. June, Dec. 1-1/2* Note 2-7/8* Bond 3/15/55-A 3/15/55-60 2-1 A* Bond 6/15/52-55 2* Bond l-3/l«* Note 12/15/51-55 12/15/55-B 5,365 1959 2,611 Mar.. 2-3/8* Bond 3/15/57-59 June, 2-l/'t* Bond 6/15/59-62 Sept, 2-3A* Bond - 2-l/U* Bond - 927 1,501 5,277 510 6,85U 12,219 2,6U 9/15/56-59 9/15/56-59 982 3,822 2,011 Dec., 2-1/1.* Bond 12/15/59-62 Total 3,1.66 8,71.3 5,730 1956 Mar.. 2-1/2* Bond 3/15/56-58 Apr.. 1-1/2* Bote "i/l/se-SA June. 2-1 A* Bond 6/15/5^-56 Sept. 2 -3 A* Bond 2-lA* Bond 9/15/56-59 1-1/2* lots 10/1/56-iB Oct.. Total Footaotee at «id of table. 1,1.49 1,007 681 982 3,822 9/15/^-59 550 1,557 6,252 i960 Mar.. 2-7/8* Bold Dec.. 2-3/1.* Bond - 12/15/60-65 1,1.85 Total 1,1.85 681 (Continued en foUovlne page) - 3/15/55-60 2,611 2,6li Date bank restricted Issues bee one bank eligible 3/ Febmani I9i4 23 .DEBT OPERATIONS, Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securit les Issued by the United States Government and Outstanding Decen±)er 31, 1953i/ - (Continued) (In Bllllans of dollars) Treasury Bulletin 2U .DEBT OFDiATIORS. Table 2.- Offerings of Treasury Bills (Dollar aiomita In mlHionfl) Februani Treasury Bulletin] 26 .DEBT OPERATIONS. 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness 'e Called or maturing aecurity 1/ Date of refund ii% or retirement Dispoaition offers by Treasury Ajnount Issue date Description outstanding Ca£h retirement Exchange security offered Results of exchange offers Turned Exchanged (Is BlUlona of dollars) "•/l/jl 6/15/51 2-1/2% Bond 6/15/67-72 12/15/67-72 2-1/2^1 Bond 2-3All Bond l-l/li* Hot* l-l/k)l note l-l/kjt Sote 6/15/51-51. 7/1/51-B 7/1/51-C 7/1/51-D 6/1/1.5 U/15A5 6/15/36 3/1/50 7,967 11,689 19,656 19,656 1,627 2,71.1 l'/l/50 386 6/1/50 I.,8l8 Total 8/1/51 7,967 11,689 10,072 1-l/U* lote 8/1/51-1 7/1/50 5,351 9/15/51 3i Bond 9/15/51-55 9/15/31 755 10/1/51 l-l/l>% Iot« 10/1/51-A 2/1/50 1,918 10/15/51 l-l/k> Bote l-l/k» Bote lO/15/51-r 9/15/50 10/1/50 5,9l'l U/l/51-0 Total 5,253 11,101. 12/15/51 2-l/li» Bond 18/15/51-53 12/22/39 3/1/52 2-l/2jt Bond 3/15/52-5* 3/31/lH 1,021. 3/1/52 1-7/fl* Certificate "•/l/SS-A 6/15/51 9,521. 6A/52 2-1/2* Bond 2-1/Zf Bond 2-1/2)1 Band 2-1/2* Bond 3/15/65-70 3/15/66-71 6/15/67-72 12/15/67-72 ll/l5/'>5 1,118 2/l/W. 5,195 12/1/1.1. 3,lt8o 6/IA5 1,999 1,072 Total 14,71.6 7/1/52 1-7/8)1 Certificate 7/1/52-B 8/1/51 5,216 8/15/52 1-7/6* Certificate 1-7/8* Certificate 8/15/52 -C 9/1/52-D 9/15/51 10/1/51 1,832 Total 583 2,lll6 10/1/52 1-7/8* Certificate 10/1/52 -E 10/15/51 12/1/52 1-7/8* Certificate 12/1/52-r 12/15/51 1,063 2/15/53 1-7/8* Certlfloate 2/15/53 -A 3/1/52 8,868 6/1/53 6/l5y^3 1-7/8* Certificate 2* Bond _6/l/53-B 7/1/52 l.,963 6/15/53-55 10/7/1.0 Total. 10,861 725 5,688 8/15/53 2* Certificate 8/15/53-0 8/15/52 2,882 9/15/53 2* Bond 9/15/51-53 9/15A3 7,986 12/1/53 2-1/8* Note 12/1/53-A 10/1/52 10,01.2 2-lA* Certificate 2/l5/5'<-A 2/15/53 8,11U 1-3/8* Note 3/l5/5k-A 12/l5/'>9 l»,675 6/15/52 -5U 6/15/52-55 6/15/5^-56 6/26/W. 2/25/1.2 5,825 1,501 681 2/15/51*:/ 2* 2-lA* 2-lA* Bond Bond Bond Total. 7/22A0 6/ 20,796 Source: Bureau of the Public Debt. 1/ Original call and maturity dates are used. |/ All by InTestora other than Federal Reeerre Banks i/ These nonoiffkotable bonds, dated April 1, 1951, aAd maturing excha,.geable for 1-1/2* marketable Treasury notea; sS'T.M.^r';^ ^'^' reopening, tie Investment Series ™; i* '"^ '"" """^^rlptions aa well aa exchange/Sd °"^ fh °'" "°^' "-^"^rlptlon had to belaid In cash. 1./ ?^e 2^.^?^,°°: =f'"^l°«/>«>«t 15, were reop«.^ for the ?^.^.r December 1, 1952, refunding (see Table 1953, 3). wl n^,^ ^V^^ '"^^ r fo^f ^ In for ca^h 2/ Description of new security offered - .,. February }95-t 21 .UNITED STATES SAVIMGS BOltDS. United States savlngB bonds were first offered In Series A-D Miirch 1975 and began to mature In March 19'<-5- details of these changes see "Treasury Bulletin" for May 1952, page A-1. Series F and G began to mature on were sold between March I935 and the end of April I9IH, were first offered In May 19'H. and Series E, F, and When Series E began to mature on May 1, 1951» owners of May To redeem the matured bonds were offered three options: the bonds In cash In accordance with the original terms; holders of Series F and G which began to mature In Jemuary to retain them with an extended maturity of 10 years at bonds. specified rates of Interest accrual; or to exchange them bonds. A number of changes became effective for Series amounts outstanding at current redemption values. Series G, and E are Included at face value throughout. Matured May The principal ones were: 1952. 1, The rate of For the exchange offering made to holders 1, 1953. of these bonds maturing through December 3I, 1953. see the May 1953 issue, page A-1. 195*^ to The Treasury Invited reinvest the proceeds In other series of savings In the tables which follow, Series A-F and J sales are Included at Issue price and total redemptions and H, Interest accrual on Series E was Increased, especially for bonds which have been redeemed are Included In redemptions. the near term, with corresponding changes In extended were replaced by two new Issues, Series J and K, also at higher Interest rates. Matured F and Series E; and Series F and Interest-bearing debt until all bonds of the annual series A new new current -Income bond, Series H, return to Series E. similar In Interest was offered beginning June 1. bonds outstanding are Included In the have matured, when they are transferred to matured debt upon which Interest has ceased. For Table 1.- Sales and Redemptions by Series, Cumulative through December 31, 1053 (Dollar auounts in mllllcus) Accrued discount Series A-D l/ Series E and E Series F, G, J, and K, 1,05U 7,500 Amount outstanding BedemptiODB Interest bearing debt Matured debt BedeciptlonB of interestbearing series as percent of sales plus accmed discount 82 l.,921 5,003 78,963 29,862 ''2,300 6711 8,67s 21,0lt7 11*3 9,228 113,827 55,893 57, no 225 29,188 2/ HA,599 Total A-K Source! 3,9^9 71,1*63 SaleB plus accrued discount 36,663 2/ Dally Treasury Statement; Office of the Treasurer of the U. S. 53.57 25.80 Footnotes at end of Table U. Table 2.- Sales and Redemptions by Periods, All Series Combined (In millions of dollars) Accrued discount Redemptions 2/ Sales plus accrued discount Amount outstanding Accrued discount Sales price Interestbearing debt Matured debt Fiscal years: 1935-191,5 53,769 8,181* 573 10,181* 6,717 8,098 6,579 691 5,51*5 5,321* 5,113 5,067 1*,8I*5 5,1*22 6,137 5,109 5,621 5,609 528 l*,6i*0 1*69 5,072 51*8 137 185 237 19''7 191*8 52,783 9,612 7,208 6,235 19^*9 7,11*1 927 1950 1951 1952 1953 5,673 1,01*5 1,11*9 igiie 85 138 221 268 1*5,586 1*9,035 1*,721 31*6 l*,9lt5 1*77 56,260 57,536 57,572 57,685 57,886 1*,562 1,207 1,229 7,899 7,039 8,068 6,718 6,292 5,132 5,791 58,353 1,251 59,601* 11,380 11,21*1* 7,1*27 6,691* 61*0 8,067 6,1*27 71*2 7,1*36 5,126 6,21*3 l*,389 872 8,167 6,815 7,178 5,11*1* I*, 81*0 303 5,101 1*,708 391* 5,81*0 5,323 5,150 517 501 509 597 5,11*3 3,925 80I* 18 51,367 1*0 53,271* 59 73 92 212 122 91 Calendar years: 1935-19115 19h6 191*7 191*8 191*9 1950 1951 1952 1953 Months: 1*8,183 1*9,776 52,053 55,051 56,707 58,019 57,587 203 57,91*0 106 225 7,295 5,833 981 6,071* 1,101* 3,961 It, 161 1,181 1,220 1,237 5,11*2 5,651 5,381 6,037 5,071* 6,11*9 1*,565 627 500 531 1*35 369 1*3 58,131* 1*8 1*8 58,268 58,371 1*,800 5,552 1*1 87 122 57,710 11*6 229 152 1953 -January... February. 1*11* 122 86 March WtO 91 1*30 392 321 382 April May June 383 371 370 85 101 1*67 1*27 382 1*5 58,1*13 1*72 968 908 135 505 51*2 1*87 59 56 57,920 57,886 July August . . . Septonber 1*02 121* 527 51*1 525 371 368 87 88 1*58 1*80 1*23 1*56 511* 1*58 171*/ 58 56 57,871 57,851 57,795 90 89 87 October... NoToober.. December.. 38I* 83 1*67 69 99 137 1*67 U89 U38 1*20 369 391 1*8 560 511* I16I* 50 57,775 57,806 57,710 225 501* 1*23 1*/ 103 100 98 96 93 91 85 83 Treasury Bulletin 28 .UNITED STJffiES SAVINGS BONDS. 1 Table 3.- Sales and Redemptions by Periods, Series B through K .. February /9?4 29 .UHITED STATES SAVUCS BONDS. Table 3.- Sales and Redemptions by Periods, Series B through K (Continued) (In miUlGoia of dollara) Accrued discount Bedemptlone 2/ i/ Sales plus accrued discount Sales price Accrued discount Amount outstanding (interestbearing debt) Fiscal jeara: 35.37'' Ul8 6,668 6,739 l'3l' 35,792 7,173 6,69lt igw 5,912 19^7 11,287 li,026 '',821' '',391 5, SI'S lt,288 '',659 3,993 3,272 3,266 3,700 536 633 753 895 1,035 1,111 1,120 3,825 3,530 3,521 ISitl-W"*? igw witg 1950 1951 1952 1953 11,278 5,032 l»,887 '',307 '',295 "t.ooe '',377 11,821 11,032 3,689 3,368 3,326 3,987 3,583 3,532 26 69 103 136 162 195 307 ''25 500 29,097 30,358 30,791 31,625 33,127 3'',l'9't 3'',506 3'',875 35.661t Calendar years: 19l»l-19lt5 39,680 615 U0,295 19116 li,U66 ''93 19'*7 1<,085 '',959 U,66l4 19U8 19^9 1950 1951 1952 l»,22ll 208 3,668 3,190 3,393 3,906 It, 1953 9,568 3,930 3,728 9,517 5,330 3,813 3,575 53 3,l'l»8 3,27'' 17'' 30,727 30,263 30,997 32,188 33,766 lt,639 3,912 21*5 3'',''93 U,270 SW 3'', ',513 11,036 11,098 1(76 35.1''3 5,03lt l',ll'l 3,667 3,688 3,622 3,609 531 36,036 505 toS W3 320 250 306 35,287 35,'«» 8it 361 295 352 Ul 80 317 299 307 579 696 818 971 1,080 1,120 1,128 5, ''23 920 5,025 It, 93 116 15'' 727 Months: 1953 -January. 108 Februaz7. March. . 397 329 359 April May June 320 309 309 July August. September 327 309 301 October, .. 313 Ncvr amber., 299 December., 33'' 76 92 125 . . 78 397 360 91 1«)0 3lt3 123 ^32 353 109 81 lt36 357 329 378 83 390 385 389 391 351 312 350 l»59 Series H '•S k6 35,''91 '•3 35,528 35,585 "'7 35,661* 15 Ji/ 51 35,7''2 287 268 611 35,81*8 Wt 307 Its 35,927 36,036 278 329 35,803 35,810 ^ Fiscal years: 1952 1953 30 360 30 360 i8e 1*62 182 U62 30 385 Calendar year: 1952 1953 181 627 16 16 1 1 1 1 257 1 1 1 1 321* Mentha: 1953-Januai7 February March AprU May June ''3 1.3 3I' 3'' 37 37 32 31 32 31 31 31 July August September ^3 1*3 37 37 1*2 1*2 October 1*3 ''3 Hoveoober 111 I'l December 1*7 ''7 Footnotes at end of Table U 221' 2911 1 35'' 1 385 1 2 2 1 ''26 2 1*62 2 502 2 2 2 2 2 2 5U3 582 627 .. , Treasury Bulletin 30 .UNITED STATES SAVUKrS BONDS. Table 4.- Redemptlone of Matured and Unmatured Savings Bonds (In BiHIlons of dollara) Matured bonds Unnatured bonde Period 6/ Total matured Series A-D For casta In exctaange for Series G or K Series F and G Total unmatured 2/ Sales price 2/ Accrued discount Fiscal yeera: 1951 1952 1953 Calendar jeara: 1950 1951 1952 1953 6,137 5,109 5,6ei 817 792 1,761 779 90 31 5,8UO 5,651 987 772 1,015 2,318 987 522 5,07't 6,lli9 1.7 2l» 38 37 702 69k 1,128 1,126 250 968 1,328 2ll5 602 8/ 5,320 U,996 321. ".,317 4,01.6 3,860 3,622 271 238 l.,853 1,326 3,806 3,613 270 308 253 217 257 323 317 238 302 18 19 21 321 383 289 303 365 269 18 18 20 6 23 23 ".,879 '.,059 962 3,831 967 "•,583 l.,571 Moothj: 1953 -January.. February. Hsroh. . . 101 112 107 98 109 105 106 585 253 104 121 110 5^1 72 l*8o 200 179 37 118 1*35 369 l»30 AprU iiay Maj Juna 968 5li2 Julj k/.. August. September . October,, NoTamber, DecoBber, 51U 113 l>89 21.8 180 "138 159 197 U7 51'> 116 Source: Dallj Treasuir Stataiunt, 1/ Details by series on a cumulative basis aikl by periods for Series A-D coobined vin be found in the February 1952 and previous issues of the "Treasury Bulletin" 2/ Includes exchanges of matured Series E bonis for Series G bonds beginning May 1951 and for Series Z bonds beginning May 1952. 3/ Includes both matured and unmatured bouls; see Table k, \j Because of a change in procedure In July I953 for processing redeemed esTings bonds, ttae amount of redeaaptlons not yet classified at the end of July as between matured and unmatured vas larger t^an normal. This situation vas reversed in subsequent months as these redemptions were 98 109 331. 101. lou 121 1.61 no 11.1 8/ 5/ 37 118 113 31. 8/ 80 180 117 116 l»70 1.63 280 335 257 66 21.1 1.0 280 318 221 265 61. 79 312 302 20 15 16 classiflod. Since 'Uie imclaaslfled redeaqitlons are Inclikled In these tables at Issue price, the relation between issue price wnrf accrued discount Is soBieiriiat distorted also. Sales began June 1, 19^. Canq»arable data are not ttvallable prior to January 1950. Includes reden^lons not yet classified between matured f*r^ unmatured. Includes exchanges of Series I9U1 F and G savings bonds for Treasury 3-1 A* boola of 1978-83, Leas than $^00,000. PrellJBdJTaiy. ... 31 Februarii /9T-f .UNITED STATES SAVINGS BONDS. 1/ Table 5.- Sales and Redemptions by Denominations, Series E and H Combined (In thousands of pieces) Total, all de n rgnInationa $10 2/ $25 $50 $100 $200 1/ $500 Fiscal years; 882,683 165,039 71,356 58,971 9,223 8,505 2,095 522 611,576 39I* 1950 1951 1952 61., 301. 335 1 1953 8o,U85 19l»l-'<5 191*6 19lt7 19U8 19^9 61* ,299 7l*,136 623,733 112,071 128,o8U 1*5,876 36,11*6 39,1*00 10,896 9,901 39,150 U,8iil 11,786 13,129 11*, 372 8,651* 1W*,232 13,757 10,099 1*1,751 50,701 51*, 380 21*, 271* 11,1*25 100,769 11*, 693 7,803 7,777 8,550 1,311 801 816 916 7,559 917 786 720 8,2U 79U 110,832 769 918 803 879 933 7,61*9 11,753 2,065 1,61*5 1,571 1,569 Calendar years: 992,118 93,502 11*, 963 191*6 19'*7 62,571* 97U 191*8 61,313 65,118 1*35 371 697,925 62,769 39,219 37,659 39,572 62,929 68,069 77,271 81*, 390 11*1 39,050 11,660 3,253 1 1*5,661 12,11*8 7,1*30 52,808 13,773 15,235 7,721 8.606 5,167 U,l86 5,268 1,356 1,086 805 665 781 83 1,231 1,213 1,261 703 68 68 68 191*1 -'t5 19'*9 1950 1951 1952 195? B i*,191 56,71*3 10,61*0 11,826 8,1*92 7,650 8,2U6 8,688 865 738 726 81*3 Months: 1953 -January . , . Fehruflxy 7,71*3 6,283 7,811 March 1,1*25 April May June 6,866 6,808 U,625 6,91*3 11,691 July August ..... September. October. November p. December p. 7,011 6,736 6,786 i»,695 11,51*1 1,270 1,216 1,260 7,035 6,866 7,502 1>,736 1,286 U,659 5,035 1,21*9 1,381 713 689 695 709 676 766 Inception to date p 1,567,783 1,071,1*06 21*3,370 175,918 . . it,6oe 11,531 21,076 6911 701* 68 71* 72 67 67 70 65 71* 7,1*73 23,895 $1,000 $5,000 k/ $10,000 kj , Treasury Bulletin 32 .UNITED STATES SAVIMCIS BONDS. Table 6. - Sales by States, Series E and H y Combined July Aug. (In ttaouaaodja of dollare at Ibbuo prlco) 1953 iDceptloD throi^ Boo. 31, 1953 Apr. Alobaaa ArlzoiA 2U7 8914 1,316 Arlcaiuaa '»35,656 2,671* 5,212,217 561,106 1,179,617 18,977 3,076 l6l,6oli CaHfomla Colorado Comiecticut Delawaro District of ColuiBbia Florida 737,5'tO 3,3l^l* 5,1*61* 992 30,232 3,1A0 6IA 27,257 3,751 570 36,326 3,906 559 30,298 9,922 8,553 3,655 9,717 11,616 10,571* 6,261* 8,51*2 931* 696 3,1*01 l*,250 3,31*2 789 3,723 1*,1*93 1*,902 Indiana. ..........*. lova Eanaas .............. 1,850,121* l,09l»,128 7,291* 9,839 9,388 9,381 11,169 11,795 12,269 10,205 7,586 757,221* U,lt61t l*,Ui6 1*,095 736,638 290,725 3,1*32 3,051* 1,133 1,198 2,916 1,080 883,0Wt 2,202,732 3,779,620 l*,80l* l*,030 l*,6ol* 10,1.81. 3,735 2,889 1,01*6 9,751 8,167 8,1.96 •,632 8,0Ul 2lt,9ei 17,1*08 23,lA2 21,01*1* 7,186 2,597 12,228 6,051* 1,880,733 10,873 6,025 1,952 10,956 6,262 1,872 10,625 353,502 968,997 79,927 2,510 7,035 307 2,199 8,593 2,258 8,283 316 1,71*3 Rev Haapehlre Raw Jersey. Rev Heilca 181,309 2,631,712 163,252 98I* 5^5 16,191* 13,1*25 881* 918 Row Yoric Rortb Carolina Rorth Dakota 8,509,823 50,161 36,338 861*,525 1*,101 3,801. 367,871 2,325 1,960 Ohio 0)rT nhrmn Oregon 't,332,7W* 21*, 078 21*, 511* 862,363 7,101* 2,61*2 6,71*9 773,1*38 PeonsylTanla. Riode Island. South Carolina 5,586,880 35,670 31,097 1,267 2,052 South Dakota Tenneasee Texas Utah Vermont Virginia Washington Went Virginia Wisconsin WycKlng Canal Zone .•,... Hawaii Puerto Rico Virgin Islands Other poeseasiona... 1,1*70 2,061 1*09,1*21* 2,287 795,177 2,622,023 13,113 286,397 1,735 103,11*5 1*1*1* l,l8o,8oe 6,216 1,279,755 662,310 1,596,927 lt,992 11*6, 1*<^ l*,09l. 6,970 10,700 699 1*5,61*2 90 326,1*68 1*90 1*5,1*15 89 2,172 13 668 2,290 3,59^ 3,517 3,855 61*1* 3,698 693 361*,03l* l*,985 6U7 3,177 3,823 1,708 3,605 5,659 3l»,378 1*32,620 5,101* 17,358 3,1A3 799 Montana nebraaka Nerada. ............. '•,352 18,91*7 1,901* l.,551 U,5l*8 3,1*57 1*50,1*20 18,639 2,579 20,686 2,807 in 3l*,l*l*9 1,1.76,325 22,1*57 2,81*1 2, 1*,958 1*,169 Mlnneaota Mlssljelppl Missouri 2,163 l*,885 21,601 3,''37 l*,500 903 28,652 Michigan 18,1*26 26,066 683 Maasaohufletta 20,082 2,776 2,068 Illlllola Maryland 1,078 1,730 2,835 1,172 1,736 l*,670 Eentucl^. . .......... Louisiana. ......... Maine 2,1*59 1,183 1,739 3,71*5 1,311* 829,912 202,127 5,580,128 12,958 16,235 2,71*7 3,050 1,606 1,901 1*,735 l,91'i,'»o6 2,890 978 1,988 2,311. 819 3,723 1*1,668 2,975 1,138 1,676 2,392 1,521 2,286 8U7,083 Idaho Sept. 3,090 1,958 1,922 8lt2,150 Geoxigla May 2,1*91* 1*08 2,378 2,51*2 3,81.1 13,1*81 13,131* 351 1*,029 639 738 3,1*61 3,121* 777 3,558 l*,5l*l* 3,731 '.,352 3,395 690 28,1*1*3 11,803 9,269 11,11*2 10,582 8,300 5,615 9,1*91 5,972 10,397 8,580 5,195 3,315 3,691* lt,135 l*,158 2,701* 3,101 l,U.l 2,965 2,801 1,081 3,380 2,561 1,032 3,507 3,027 1,155 '*,560 3,92'* l.,ll22 l.,152 1*,1*10 l*,729 1*,302 8,236 20,680 8,119 21,1*50 8,261 22,715 7,973 21,950 7,91*1 22,81*5 8,715 21,063 8,371 17,808 6,751 2,022 5,951 1,813 9,717 5,930 1,876 9,730 6,527 1,806 10,219 6,221* 1,81*8 1,592 5,870 1,1*91* 1,71*5 1*23 5,826 368 7,010 387 2,019 5,591 629 13,126 755 602 13,233 690 635 653 13,71*3 12,01*5 81*3 661* 35,165 2,986 1,309 32,1*61* 37,082 3,262 1,658 31,986 3,256 22,372 3,911 22,310 2,11*6 2,332 25,567 3,965 2, 180 3,700 2,992 1,091 5,328 8,358 5,359 1,80U 10,373 U.lOl 1,636 5,026 356 1,711 8,128 275 1,620 7,228 330 1,81*0 36,907 3,565 1,695 37,036 3,295 1,507 29,915 3,326 2,502 35,709 1,01*2 l*,93l» 3,958 1,11.2 8,617 31*2 553 61*2 12,1*1*2 11*, 01*5 873 1,023 35,775 3,185 1,310 3l*,l*27 1*2,127 3,000 3,l*2l» 1,1.28 1,1*55 21,622 .,750 2,626 23,261 1,838 2,516 21,658 21,859 5,033 2,211 25,660 30,1.78 1,331* 30,565 1,195 1,999 29,218 31,981 1,138 1,967 30,276 1,097 28,127 33,1*29 28,991* 1,131* 1,91*0 1,211* 2,071* 2,131 1,028 2,051 1,193 1,727 2,01*6 3,057 10,618 1,709 2,787 11,696 2,189 3,786 10,737 2,098 2,778 11,01*3 1,620 330 1,161* 1*18 1,038 350 5,827 5,1*76 5,201* 5,1*70 5,585 1,893 5,5l*8- 1,91*3 3,081. 2,570 2,725 11,293 11,1^ 2,52i 3,632 10,758 2,131 2,831 10,220 1,008 301 1,239 279 5,272 1,500 285 5,808 1,1*20 322 5,121 5,01*6 1*,87'* 1*,037 3,1*75 3,218 7,319 3,120 8,111* 9,701* 1*17 709 81*5 1*,299 2,21.6 1,316 307 5,M*2 5,5n 5,006 3,896 7,37U 977 5,617 3,618 8,26U 600 117 1,157 176 177 Ipl* 151* 2,01*5 1,182 189 17 1,311* 209 5 123 1,295 196 6 200 1,108 181 lOl* 5 7 U 3,890 76I* 850 159 6 3,501 28,670 13,751. 2,720 63I* 713 660 12,706 601 1,1*83 2,171* 22,581 3,203 I*, 785 31,768 627 13,8W. 695 655 l.,l*l.3 1,1*72 7,679 773 3l*,l*68 3,11*6 1,279 1,693 3,227 '*,725 1,901* 10,190 1,322 318 5,736 1,089 '',336 1*,U69 3,81*7 5,013 3,538 3,587 8,577 651 3,269 3,1*82 3,1*1*1* 8,1*55 8,068 697 7,671 506 l>*5 171 87 1,121 51*3 1,1*60 U8 186 861 137 6 3 5 61*3 36I* Adjuetanent to Daily Treasury StataasQt Total +1,299,950 +32,756 19,806 +£8,^51* +l*,867 tao,256 *21,077 +15,510 +16,296 +22,681 +17,806 +27,757 71,1*62,590 1*1*0,568 362,299 396,815 351,263 339,956 31*0,220 369,535 3l*6,267 31*3,21*5 356,791 339,11*5 Source: Daily Treeaury Stataisnt and reporta frcm Federal Rseerre 1/ Sales of Series B began Jtme 1, 1952. February 1954 33 -TREASUEY SAVIN&S NOTES. Treasury tax and savings notes have been Iseuea as Tax Series A from August 1, 1941, through follows: June 22, 19't-3; Tax Series B from August 1, ig"!!, through September 12, l^h2; Savings Series C (originally designated Tax Series C) from September l!*, igl+S, through August 3I, ig^g; Savings Series D from September 1, 19^, through May l"*, I95I; Savings Series A from May I5, 1951, through May 1^, 1953; Savings Series B from May I5, 1953, through September 25, 1953; and a new Savings Series C from October 1 through October 23, 1953, wl^^n sale of these notes was suspended. Details concerning terms and conditions for purchase and redemption and Information on investment yields of Savings Series C appear In the October 1953 Issue of the "Treasury Bulletin", page A-1. Similar Information with respect to the offering of the earlier series was published currently In the "Treasury Bulletin", and appears also In the "Annual Report of the Secretary of the Treasury" for appropriate years. In the following tables sales and redemptions of Treasury savings notes are showr at par value. Matured notes redeemed (either for cash or for tax payment) are Included In the figures on redemptions. Matured notes outstanding are reflected In the Interest-bearing debt until all notes of the annual series have matured, when they are transferred to matured debt upon which interest has ceased. Table 1.- Sales and Redemptions by Series, Cumulative through December 31, 1053 (In nlllloau of dollare] S«rloB ) Treasury Bulletin 3"* OWIKRSHIP OF FEDKRAL SECURITIES. Table 1. and Types of Issues Distribution of Federal Securities by Classes of Investors ( In mlUiooB of doUArs Fobniuni 1054 35 _0WfE3?SHIP OF FEDERAL SECURITIES. y Table 3.- Estimated Ownership of Federal Securities {Par values l/ - tn bililona of dollars) - Treasury Bulletin 36 .TREASURY SURVEY OF OWRERSHIP, NOVEMBER 30, 1953The Treasury Survey of Ovmershlp coTsrs eeourltles Information on the distribution of ownership by types Issued by the United States Oovernment and by Federal agenoiss. The banks and Insuranoe oompanles Included In the Survey account for approximately 95 percent of of banks and insurance companies is published each month. such securities held by all banks and Insurance companies bank classes and nonmember banks is published for June 30 and December "^1. In the March United States. 31, 19tl, Data were first published for "Treasury Bulletin". Additional information showing the holdings of commercial banks distributed acoording to Federal Reserve member in the May iglH Section I - Securities Issued or Guaranteed by the United States Goverranent Table 1.- Summary of All Securities (Far values - In mlUloos of dollars) ) February 1954 37 .TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1953. Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues (For TSluss - In llUcna of dollars) Held by Inrestors oorered in Treasury Surrey iBBve (Tax status 8/ la etaoim in pamthesoe Total aaount outstand- Treasury bills (taxable) Insurance ccmpanlee 526 7,«6 ccnaerclal banks jj 2/ ing utual saTings banks 1/ 314 Ufe 602 fire, casualty, and Barlne U. S. GcTammaat Inreslaent accounts and Federal Beearre 19,509 l*,298 95 337 109 2,419 8,lllt 1,819 1,561 18 29 8 858 3 106 96 3,695 1,154 5,902 2,951 55 23 51 14 2,788 1,201 1,778 21 66 8 90 lt,72lt 3 119 ISl 859 26,386 9,310 189 46 451 5,913 Certificates of Indebtedness: 2-lA* February ig^-A (taxable) (taxable) igS^-C (Tax totlclpatlon Series) . .(taxable) 2-5/8 2-1/2 June March 2-5/6 2-5/8 August 195't-I) Septanber igSlt-B 195'»-B (taxable) (taxable) Total certificates of Indebtedness I., Treasury notes: 2-l/85t Deconber 1953-A 10,01*2 1,208 25 •,675 5,365 2,1*03 1955-A (taxable) (taxable) (taxable) 7 10 1955-B 1956-KA 1956-BO (taxable) .(taxable) (taxable) 6,85U 1,007 550 2,51*5 October 1957-A 1957-KA 1957-EO (taxable) (taxable) (taxable) 2,996 531 2,21*2 1-1/2 March April October 821* 9U 1-1/2 1-1/2 April October 1958-EA 1958-BO (taxable) (taxable) 383 22 235 33,2'*9 12,5W (toxBble) (taxable) (taxable) 510 5,825 1,501 (taxable) (partially) 1955-60.... (partially) 8,662 681 2,611 1-3/8 1-1/2 March March 195lt-A 1-3A DecoBber 1-1/2 1-1/2 2-7/8 1-1/2 AprU Total Treasury notes ...•.«.. 3,731* 112 178 126 1 3,236 1,000 500 126 1 6 500 714 6 1*2 85 26 7,007 246 63 2 24 147 73 657 13,294 3U8 3,290 916 8 70 U6 18 19 149 54 8 465 101 5,586 596 1,930 85 2 17 » 230 26 289 « 3 1 77 36 30 33 10 46 35 79 38 30 61 8 287 37 339 105 1 16 518 320 37 584 754 1 51 265 13 1 Treasury bonds: Bank eligible: Deoanber 2lt 2 June 2-lA June 1951-55 1952-5'* 1952-55 December June March 1952-5'> 195't-56 2-lA 2-3A March September September 1956-58 1956-59 1956-59. (taxable) (taxable) .(partially) l,Wt9 3,822 982 1,081* 2,81t5 921* 3 2-3/8 2-3/8 2-3 March June June (taxable) 1957-59 (taxable) 1958 1958-63.... (partially) 327 1*60 l.,2l*5 2,809 20 176 46 3 1 2-1/2 Deeeuibor I958 1959-62 1959-62 2 2-lA 2-7/8 2-1/2 A .. 919 (taxable) (taxable) (taxable) 620 5,278 1,163 31 821 3,1*66 i*ao 31'* I96O-65. ...(partially) I96I (taxable) 1962-67 (taxable) 1,1*85 September June 2,239 2,116 1,302 1,390 522 6 178 383 348 32 123 142 2-1/2 2-1/2 2-1/2 December June I963-68 I96U-69 Deceniber I96I1.-69 (taxable) (taxable) (taxable) 2,827 3,755 3,832 185 223 108 700 1,231 809 526 695 1,023 250 178 190 368 429 559 2-1/2 Septenbar 1967-72 1978-83 (taxable) (taxable) 2,716 1,606 1,788 106 160 135 22 126 46 33 167 159 62,07'* 29,31*1* 5,2'*8 3,582 2,8ffr 4,810 1*,720 1*8 81*6 2,962 1,892 3,827 1*2 1,197 867 49 180 128 67 160 Ull 252 l'*5 72 m 1,161 667 141 263 IS.ItOg 316 1.654 2,186 472 2,232 75,1*75 29,660 6,902 5,768 3,359 7,042 2-lA June 2-lA Decefflber 2-3A 2-3A 2-1/2 Deoaiiiber 3-lA J™o Total bank eligible Bank restricted: j/ 2-1/2* March 2-1/2 March 2-1/2 June 2-1/2 December 1965-70 1966-71 1967-72 1967-72 Total bank restricted Total Treasut7 bends Foo^iotes at end of Section H. (taxable) (taxable) (taxable) (taxable) •.. 1*97 1 302 334 6 52 (CcQtlnued on following page) 53 Treasury Bulletin 38 .TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1953- Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued) (Par TaXues - In alllloDs of dollars) 39 Februarij I9i4 TPWfiP!! Treasury Bulletin ito .MAIEET QUOTATIONS ON THEASUEY SECURITIES, DECIMBER 31, 1953. Current market quotations shown here are over-the- public marketable securities Issued by the United States counter closing bid quotations In the New York market for the last trading day of the month, ae reported to the Treasury by the Federal Reserve BanX of New York. Government except Panama Canal bonds. Outstanding Issues which are guaranteed by the United States The securities listed Include all regularly quoted quoted In the market. Government are excluded because they are not regularly Table 1.- Treasury Btlls (Taxable! Imomt Februarii I9i4 ki .MAEKET QUOTATIONS OH TREASXffiY SECUKETIES, DECMBER 31> 1953. Table 3.- Other Taxable Issues (Price daclaals are 32iils) - (Continued) Treasury Bulletin 1*2 .MAEEET QUOTATIONS OH TEEASUKY SECURITIES, EBCIMBER 31, 1953. ro - , February 1954- ^3 . AVERAGE nZLDS OF WYC-TEm BONDS Table 1«- Average Yields of Treasury Bonds and Moody's Aaa Corix)rate Bonds by Periods (Percent por azmum) Taxable Troaaury bondB Moody's Aaa corporate bondo Taxable Treasury bODdfi Moody's Aaa corporate bends 1/2/ i/ 1/2/ 3/ Antmal aetrlee 19't2 19l»3 A7 19W 19^5 19"^ 19^7 .37 ,19 2.25 - calendar year gtrei^^ee of 2.83 2.73 2.72 2.62 2.53 2.61 19'*8. 2M 19^9. 1950. 1951. 1952. 2.31 2.32 2.57 2.68 2.71 2.71 2.70 2,70 2.71 2,71 2.67 2.62 2.60 2.61 2.60 2.58 1951-Apr.., May.., Juna., July.. Aug.,, Sept,, Oct,., Hot.., Dec.., 2.56 2.63 2.65 2.63 2.57 2.56 2.61 2.66 2.70 1952 -Jan. 2.7'* Monthly aerlee Hajr. Z.h2 2.39 2.38 2.38 2.38 June July 2.38 2.27 Aug. 2,2l( Sept Oct. 2.22 2.22 2.20 2.19 1949-Jan. Peb. Mar. Apr. KOT. Dec. 1950 -Jan, Feb. Mar. Apr., Hay. Ji2ie July, Aug., Sept, 2.20 2.2l» 2,27 2.30 2.31 2.33 2.31* Oct. Hot,, Dec,, 2.33 2,36 2,38 2.38 2,39 1951^an., 2.39 Feb., Mar., 2,1»0 2,1*7 Period 2.71 2.70 1953-Jan.., Feb... Mar... 2.80 2.83 2.89 2,61* Prom 12 to 20 yeare iB^^t.h^y 2.82 2.66 2.62 2.86 2.96 20 years and after Moody's Aaa corporate bonds aeries 1953. 2.98 1953 -^r.. May.. June. July. Aug.. Sept. Oct.. Rot. . Dec.. 2.97 3.09 3.09 2.99 3.00 2.97 3.16 y 3.20 ayeragee of dally aqrlee Feb.,, Mar.., Apr,,, Hay,., June., July.. Aug... Sept.. Oct,,. Hot.,. Dec,,. 2.57 2.58 2.58 2.60 2.61 2.62 2,65 2,61 2,67 2.67 2.67 . - Taxable 'Dreasury bonds, due or callable - 1/ 2.61* 2.87 2.88 2.9U 2. 91* 2.88 2.81* 2.89 2,96 3.01 5/ 2.57 2,61 2.61 2,70 2,71 2,71* 2.71 2.75 2.% 2.85 2.79 3. 21* 3.23 3.26 3.29 3.25 i.2'' 3,1*0 3.22 3.21* 3.19 3.06 3.29 3.16 3.11 3.13 3.01* 2.96 3.28 2,98 2.93 2.96 2.93 2.93 2.91* 2.95 S.Sh 2.95 3.01 2.98 2.97 3.02 3.07 3.12 2.66 2.66 2.78 Taxable Treaaury booda, Moody's Aaa dua or callable - l/ corporate boule Frcm 12 to 20 years 20 years and after Period Taxable Trooaxory bcodfl, due or callable - l/ Frcn 12 to 20 years 20 years and after Moody's Aaa corporate booda a/ Taxable Treasury bcods. Moody's Aaa due or callable - i/ corporate bonds FrcB 12 to 20 years 2/ 20 years and aftar Treasury Bulletin 44 .AWRPGE YIELDS OF LONG-TEI*! BONDS. UJ o , ,. . . Februanf I9i4 ^5 . INTERNAL REVENUE COLIi!CTIONS . Table 1.- Summary by Principal Sources i/ (In tboueands of doUara) Fiscal year or month Total receipts from Internal revenue (Dally Treasury Statement) Individual inccne tax end esrployment taxes Adjufltanent of collections to Dally Treasury Statemant Total internal revenue collect ions Corporatlco Incoine and profits taxes 2/ 1*3,800,338 1*0,671,922 16,027,213 12,553,602 9,676,757 19^5 1*3,902, 008 +101,661t 19'»6 '•0,310,333 39,379,'»09 Ul, 853,1*85 110,307,285 -361,589 •«71,136 -11,051 1*1, 861*, 39,108,273 536 10,171*, 1*10 -155,831. 1*0,1*63,119 39,Wi8,60T 51,106,095 65,63U,89U 69,930,655 +Ii91,li82 +66o,li09 +625, 502 +2Ul|.,llt5 11,972,366 -l«)5,912 19'n 19^8 19^9 1950 1951 1952 1953 1953 -January. Fetruflry. March. 6,150,309 -1,163,657 11,712,W( +1, 1137, 829 3,900,238 li, 920, 068 10,117,195 -215,385 -1,090,318 +1,1*57,107 3,332,32lt -lt20,53lt '•,965,578 6, 199, It 13 -a20,lM)3 +1,851*, 1*76 October. November, 2,717,561 Deceouber. 5,052,021 -1*85,266 -1,1*56,973 +l,95l*,212 . . April May June July August... Septauber '•,915,031 Individual Inccone tax not withheld i/ Individual Income tax withheld Old-age Infiuranoe y taxes kj Railroad retirement Unemployment Insurance 20,813,1*91 8,770,091* 10, 261*, 219 20,'t05,361* 8,81*6,91*7 9,857,589 1,307,931 1,237,825 2811,758 2811,258 186,1*89 178,71*5 21,367,662 23,379,123 20,527,935 9,501,015 9,81*2,282 1,1*58,931* 9,l*61*,20l* U, 533, 577 7,996,320 10,055,502 1,612,721 1,687,151 379,555 560,113 11,553,669 185,876 208,508 226,228 38,957,126 10, 854, 351 19,797,883 387,569 26,62l*,788 9,888,976 13,089,769 5l^8,038 111, 7,261., 332 9,907,539 1,873, 1*01 50,1*1*5,686 2,810,750 65,009,393 69,686,509 21,1*66,910 21, 591*, 515 33,738,370 11,31*5,060 17,929,01*7 3,5811,026 37,25'*,6l9 11,1*03,91*2 21,132,275 3,818,219 579,778 620,622 628,969 5,378,278 7,313,965 10,271*, 615 501,195 2, 851*, 566 6,171,089 '•,039,683 6,063,0011 3,125,1*63 11,115,622 65l*,130 6,010,386 8,660,088 1*01*, 1*52 839,012 1,11*4,150 11,990,091 2,698,01*7 327,686 562,73't 36,679 166,743 8,672 4,825 17,179 -1,132 8511,692 150,5118 1,666,826 358,953 5,683,320 2,529,1*27 '•,738,553 2,063,01*7 '•,519,981 3,081* 50,81*5 I,li37,li20 527,360 99,399 3,752,858 5,785,981 650,737 2, 12 1*, 615 326,1*61 I*, lt,33't,937 3,202,827 6,372,00!* 318,122 1,882,291 3,097,810 3a't,338 1,792,397 606, 713 91,185 U,1.3l.,l83 3,091 67,509 1,766,879 2,032,213 1,631,111* 312,661 87,691* 1*77,665 2,020,637 4,556,682 566,172 78,836 77,050 1,933,761 361*,365 271,211* 288 67,158 91,058 I*, 3,222 70,097 84,736 ".,397,601 ll't,999 223,135 236,952 259,616 4,789 13,836 744 '.,817 11, 93". 2,071 MlecellaneouB Internal rerenue Fiscal year or month Total miscellaneous internal revenue Capital stock tai 1/ Manuf ac turers * Tobacco taxes Stamp taxes retailers* excise taxes 6/ Mlecellaneoxis taxes 6/ 65,528 87,676 79,978 79,466 72,828 1,206,616 1,414,717 1,939,621 1,430,428 1,489,929 1,550,842 2,U9,157 1,655,7U 796,538 932,145 1,165,519 1,237,768 1,300,280 1,321,875 2,220,744 1,752,792 706,226 729,730 833,147 891,284 2,219,196 2,546,807 2,549,088 2,780,925 1,328,464 1,380,396 1,565,162 84,648 93,107 84,995 90,319 2,245,182 2,840,690 2,824,409 3,358,705 1,720,908 1,842,598 147,825 145,215 169,999 371,999 352,121 1,597 643,055 676,832 779,291 1,723 899,3'.5 191.9 6,138 1950 1951 1952 1953 8,304,892 9,433,328 9,804,112 10,837,375 266 1946 1947 1948 taxes 2,309,864 2,526,162 2,474,756 2,255,320 2,210,601 6,959,634 7,712,956 8,063,854 8,311,003 8,381,515 19'i5 Liquor Estate and gift taxes 1,654,9U 1,91.7,311 2,061,230 March .... 837,400 846,509 978,064 76,922 64,830 153,506 187,958 185,596 229,090 135,729 132,569 143,621 6,237 10,018 5,883 282,730 308,281 275,965 April Maj June 932,066 912,879 913,722 84,374 62,074 59,911 230,448 228,859 236,958 132,831 128,962 136,184 11,751 5,805 5,'.37 291,538 320,183 307,009 181,125 166,997 168,222 July August.,, September 977,506 852,808 535,845 82,850 60,231 64,142 243,585 224,681 266,097 125,260 145,120 l4o,280 11,663 4,847 4,982 312,345 266,510 4,406 201,803 151,418 55,939 October. November. December. 704,525 1,497,200 649,346 96,240 55,686 62,680 294,008 275,707 216,490 146,664 126,341 120,058 11,482 4,802 5,079 73,720 772,715 46,391 82,410 261,949 198,649 1953 -January.. February Source: Dally Treasury Statement for total receipts from internal revenue; reports by the Internal Eevenue Service for collections by type of tax. Detail by type of tax la available only on a collection baa la. Receipts on the Dally Treasury Statement basis are coii^)iled from the latest dally reports from Government depositaries; they do not coincide with amounts reported by the Internal Revenue Service 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 trxiet accounts for island possessions; Includes corporation incone tax on Alaaka Pallroad (repealed by Public Law 386, approved June 10, 1952, for taxable years ending after that date), 2/ Includes excess profits taxes formerly ehcnm separately as follows: unjust enrichment through 1947 (thereafter these collections are Ineluded under "Miscellaneous taxes"); declared value (repealed for years ending after June 30, 1946); Excess Profits Tax Act of 1940 (Title II of the Second Revenue Act of 1940, which waa repealed for ^ 4/ 5/ 6/ years ending after December 31, 1945) . Includes alec excess profits taxes cm Amy and Navy contracts under the Vinson Act aa amended (34 tT,S.C. 496) and Income tax on buainees income of exempt organizations, Ijoposed by the Reveniie Act of 1951, approved October 20, 1951. Hoathly figures Include old-age Insurance tax on eelf-onploymant Income, which la levied and collected as part of the IMlvldual income tax beginning with the taxable yeai* 1951, Fiscal year figures exclude this tax, en the basin of estimates beginning 1952, and it la included under "Old-age insurance taxes" Withheld inccDS tax and old-age Insurance taxes on en^loyers and employees are paid into the Treasury In ccmblned asKninta beginning January 1951, so that current collectlcaia are not separable as to type of tax. The breakdown is estimated for fiscal years beginning 1951. Repealed for years ending after June 30, 1945. Beginning July 1950, Included under "Mlsoellaneous taxes" See Table 2, footnote 5, regarding change to quarterly retuma In the fiscal year 1954, Treasury Bulletin -INTERNAL REVENUE COLLECTIONS- INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES 'DOLLARS DOLLARS" Billions Billions Total '*^F/sca/ year 60 Comparison first 6 months fiscal years 1953 and 1954 -40 i 20 I •43 45 47 49 1939 OllfC* ol lh« S«cr«lary ol th« Trsoiur^ •Al •53 -43 45 I. 47 49 •SI '53 , : ; February 19^4 ^7 .INTERNAL REVENUE COLIECTIONS. Table 2.- Detail of Collections by Type of Taxi/ (In thousaids of dollars) First 6 months of fiscal year Fiscal year Type of tai Corporation income and profits taxes 2/ ai,U66,910 • 1953 1953 195S 21,59'*,515 Sixth month of fiacel year 1953 (December 1952) 195"* 19511 (Decomter 1953 7,921,377 5,1*22,156 2,785,165 1,882,291 Individual inccme tax and enrploymant taxes Inccme tax not vlthheljl ^..* .•...,.... XnccDS tax withheld and old-age insurance |l/..... Railroad ret irenient Unenploymant Insurance..... • «, Total individual incnmft tax and anploymeDt taxes U,5't5,06o 21,313,072 620,622 259,616 11,603,91*2 2,769,656 2l*,750,l*9l» 11,57'*,'*01 2,566,888 12,985,602 357,571* 190,061. 628,969 313,137 316,31*9 364,365 114,999 84,736 2,071 271,21l» 38,21*7 38,192 94,209 806 33,738,370 37,251*, 619 11*, 695,1*1*2 15,907,031 642,652 566,172 750,591 781*, 590 382,570 1*15,716 69,157 61,525 82,556 106,6911 7,096 6,111* 1,024 1,155 187, '•79 2011,794 1,1102,220 1,636,057 32,721 3,956 76,579 111,288 860,355 133,530 896,030 17,1*57 2,251* 14, 172 39,063 37,87U 25,930 120,543 2,572 586 7,363 27,967 121,397 1,836 644 7,395 16,272 2U i,oeo 12,200 189 181 13,31*9 7,025 Hlecellaneous internal revalue: Estate tax.. •.........•.• •••...•.......•...•.... Gift tax Liquor taxes: Distilled spirits (imported, excise) Distilled spirits (domestic, excise) Distilled spirits, rectification tax Wines, cordials, etc. (importsd, 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 s tampe Floor taxes Fermented malt liquors Brewers; dealers in malt liquors (special Total 1 iquor 31,812 3,753 68,621 2,1*61* msnufacturers 27,571* 12,070 21 613 6,831 228 1*00,1*1*7 1*12,936 3,857 3,793 -429 1,472 126 61,779 63 2,780,925 1,1*82,016 1,520,567 220,197 216,490 Wt,76o 1*6,277 23,806 19 3,294 4 2 5 3 1 * 810,169 769,1.23 1,81*1. 22,817 17,21*1* 8,712 913 2 17,752 717 1 19 371* 1,923 8,157 390 187 119,788 322 1,177 47 » 174 115,319 796 h9 7 1,586,775 3,821 23,698 25 3,295 50 12 1,565,162 1,651*, 911 81*5,015 803,723 124,808 120,058 77,556 7,353 82,61*0 1*1,273 3,891* 39,321 3,521 5,137 672 1*,503 22 12 3 575 1 15,2li9 28 1,285 export in bond 12,080 93,808 taxes) taxes Tobacco taxes Cigars ( large) Cigars (small) ..•...•.•.•.,...,•• ••.•,•.•... Cigarettes ( large) C igarettes (small) Snuff Tobacco (chewing and smolcing) Cigarette papers and tubeB............................ .. .. Leaf dealer penalties , etc ........•.....•.•.......•...•..< Cigarette and cigar floor taxes.... • , , Total tobacco taxes 727,6011 5,ll»8 27,956 762,983 5,215 2,5U9,088 l,lt7't,06o It, 13 1*77 1 2 3 93 859 12 56,043 58 333 1,074 31* Stamp taxes: Bonds, Issues and transfers of capital stock, deeds of conveyance, etc • Flaying cards Silver bullion sales or transfers , Total stamp taxes Manufacturers* excise taxes: 2/ Lubricating oils, . Gasoline Tires and tubes • Automobile trucks and busses Other automobiles snd motorcycles • Parts and accessories for automobilee Electrical energy 6/ Electric, gas, and oil appliances *....< Electric light bulbs and tubes Radio sets, phonographs, television sets, contponente, etc, Phonograph records • Musical instruments ..•.•.•.....•.........•.•.......•.... Mechanical refrigerators, alr-candltloners , quick-freeze units , etc Matches Business and store machines Photographic apparatxis Sporting goods Firearms, shells, and cartridges...... Pistole and revolvers Mechanical pencils, pens, and lighters Tj Total manufacturers * excise taxes Footnotes at end of table. 7,5as 97 81t,995 90,319 U5,l88 1*2,855 5,812 5,079 95,286 73,321 890,679 38,531* 1*73,890 88,681. 38,155 1.00,526 6,939 76,366 18, 218 23,602 67,604 18,373 5,581 25,548 24 4,964 11,853 3,333 18,635 626 1,166 2,052 11 7,019 767 5,107 2,501 1,031 1,762 713,171* 161,328 1^7, IA5 578,11*9 l61t,135 53,091* l8o,Ol*7 210,032 785,716 177,921* 99,076 310,278 90,759 78,629 76,815 1*30,163 63,51.6 89,5U* 30,736 113,390 ll8,2ltlt 6,880 159,383 7,617 52,757 16,392 67,555 2,980 9,1(12 11,01*8 5,1*37 57,970 8,032 87,1*21* 1*0,537 l.,688 36,827 25,727 1*8,515 36,68l» 8,950 50,259 1.1,181. 13,931 57,22li 3,1*76 3,71*2 3,891* 33,766 16,501 10,679 1,172 29,1*01 15,81*5 12,11*8 11*, 1.56 983 1*71 21,233 13,^79 6,760 6,861 379 1..880 11,938 6,062 2,31*8,91*3 2,862,788 1,352,810 7,31*8 7,181 (Continued on following page) 126 2,123 1,1*76 235 31 72 84 31* 856 286 -409 l*,555 95 1,886 1,301,780 265,977 44,075 73 I Treasury Bulletin 48 -INTERNAL REVENUE COLLECTIONS. Table 2.- Detail of Collections by Type of Tax (In thouaands of dollars) Type of tax i/ - (Continued . .. . ^ February 1954 -MONETARY STATISTICS. Table 1.- Money In Circulation (In mlUlacB of dollare except aa noted] Paper money Sod of flBcal year or month 19116 Total money In circulation 1/ 28,21*5 Total paper money Gold certif- Treaaury notes of 1890 SllTer certificates icates ay 50 United States notes Federal ReBer7e notes Federal Reserve Bank notes y 2,025 2, 061 2,061 2, 061 2,177 317 320 321 319 321 23,973 23,999 23,600 23,209 22,760 271* 318 318 318 23,1*56 21*3 21*, 605 National bank notes y 1*61* 111* 1*06 106 99 93 86 27,'t93 26,91*5 26,91*2 26,1.82 26,031* 27,156 25,661 1*1 27,809 29,026 30,125 26,231 39 27,31*8 38 28,359 37 092 088 2,122 25,609 221 200 ., 30,lt33 28,683 37 2,105 311* 25,91*1 210 75 1953 -January..., 29,691 29,793 27,970 28,068 28,017 37 37 37 2,006 2,027 2,065 305 312 25,337 311* 25,321 208 207 205 71* , 19117 19'*8 , 19''9 1950 , 1951 1952 1953 1952-Deoaiibor. February . March . 28,297 27,903 29,751* 1*8 1*5 1*3 25,1*10 353 309 81 77 73 75 75 April Ha; June 29,81*3 28,095 28,196 28,359 37 37 37 2,089 2,116 2,122 311* 25,376 201* 71* 29,951 30,125 316 318 25,1*51 202 200 7"* 25,609 July August September.. 30,120 28,351 30,21*8 30,275 28,1*70 28,1*83 36 36 36 2,107 2,106 2,100 317 319 316 25,618 25,738 25,762 198 197 195 73 73 72 October..., Not ember . . December p. 30,398 30,807 30,773 28,596 28,992 28,960 36 36 36 2,098 316 321 316 25.879 193 192 72 72 72 EDd of fiscal year or month 191*6 Total coin 2,120 2,099 Staodard silver dollars Subsidiary ellTer a3 1,300 1,355 ll*0 191*7 191*8 1,1*21 156 876 919 191*9 1,1*59 1,1*96 16I* 91*0 170 965 1,578 1,678 1,766 180 191 1950 1951 1952 1953 11*8 202 26,21*9 26,21*7 Minor coin 317 331 31*6 73 190 Money In circulation per capita (In dollars) 5/ 199.76 196.33 190.31 355 361 181*. 33 1,020 1,093 1,150 378 180.17 393 klS l88.a 179.03 18I*.90 1952-Dec ember. 1,750 199 1,11*1 1*10 192.07 1953 -January 198 199 199 1,116 1,120 1,130 1|06 187.11* It06 March 1,721 1,725 1,737 1*07 187.56 187.05 AprU 1,71*7 1*09 1,755 1,766 200 201 202 1,138 Ha; June 1,11*1* 1*10 187.38 187.81 1,150 1*13 188.61* 201* 1,151 1,156 1,166 1*1U 1*16 U19 188.30 188.78 188.65 1,17* 1,185 1,179 itao 189.12 . . February. July August. . .. September., 1,778 1,792 205 207 October. ., no7 ember.. Daoaabex p. 1,802 1,816 1,813 207 208 . . Source: Circulation Stateanent of IMlted States Money. 1/ Excludes money held by the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated to be held outside the continental limits of the United States. Includes paper currency held outside the continental, limits of the United States. 2/ Gold certificates were vlthdrawn frcm circulation in 1933. ^ hj 5/ p te3 191.1*0 iisi* 190.93 Treasury notes of I89O In circxilation are being canceled and retired upon receipt by the Treasury. Federal Beserve Bank notes and national bank notes are covered by deposits of lawful money and are In process of retirement. Based on latest population estimates by the Bureau of the Census. Preliminary, Treasury Bulletin 50 MDKETAEY STATISTICS , Table 2.- Monetary Stocks of Gold and Silver (Dollar anounte In allllona} EUd of fiscal year or aoDth 51 fcbruarif /95-f .MONETAEY STATISTICS. Table 4«- Components of Silver Monetary Stock (In mllllona of dollars) SilTer held In Treaaury End of calendar year or month Securing silver certificates l/ Silver btOIlon 2/ Silver dollars In general fund Sutaidlary coin i/ . 5 6 7 9 , 7 7 57 U 3 9 2 Treasury Bulletin 52 .MOKETAEY STATISTICS. Table 5.- Seigniorage on Sliver (CuamlatlTo fj-om Januair 1, - 1935 In mllllonfl of dollare) Sourcea of seigniorage on sllyer bullion reTalued 1/ End of calendar Jeer or month SeJgnloroge en coins (ellTer and DLinor) MlBc. ailTer (Incl. silver bullion held June 18.5 1935. 1936. 1937. 1938. 1939. 19'<0. 19'<1. 19'>2. 19^3. ig'i't. 19^5. WW. igii?. igita. 19^9. 1950. 1951., 1952. 1953. lit, I93I*) 1*8.7 it6.1 1*8.7 63.7 69.5 91.7 1*8.7 122.2 182.1 2U5.7 299.6 362.3 191*6) 16.8 36.0 58.0 Nationalized silver (Proc. of I93I* Aug. 9, 1931*) Total seigniorage on eilver revalued 31*. 326.2 271*. 3l*.7 1.22.1 397.5 31*. 508.1 616.0 705.6 758.8 950.6 71*. 1.57.7 31* 1*.2 530.7 31* U8.7 87.6 87.6 87.6 87.6 87.6 25.7 562.7 31*. 759.1* 1*8.3 580. 31*. 63.6 65.3 531.. 31.. 581.. 3i*-7 65.1* 581.. 31*. 799.7 818.9 820.6 820.7 87.6 87.6 87.6 87.6 87.6 65.5 66.5 701.6 832.1 832.1 832.2 833.6 31*. 87.6 87.6 87.6 87.6 101.. 7 833.6 833.5 833.6 833.6 31*. 87.6 87.6 87.6 126.7 87.6 87.6 87.6 128.8 129.6 833.6 833.6 833.6 31*. 130.1. 87.6 87.6 87.6 130.9 131.6 132.3 87.6 87.6 87.6 133.1 133.9 1.8.7 1*8.7 1*8.7 1*8.7 1*8.7 520.5 559.2 578.7 1*8.7 1*8.7 596.6 1*8.7 1.8.7 1*8.7 1*8.7 1*8.7 February. March.... 696.5 697.7 700.6 1*8.7 April. May... June. 707.6 713.0 716.8 1*8.7 Juiy August September. October. 719.7 1*8.7 721* .9 1*8.7 728.1* 1*8.7 1*8.7 1*8.7 1*8.7 1*8.7 732.1* 1*8.7 NOTfliaber. 736.5 U8.7 Deconhar.. 71*2.2 1*8.7 71*. 81.. 93.5 111. .6 125.1. 131*. 127.1* 128.0 13l».7 Source: Office of the Treaaursr of the United States. 1/ These itema represent the difference between the cost value and the monetary value of silver biillion revalued and held to secure silver certificates. 2/ Potential seigniorage on eilver bullion at cost In general fund 2/ 226.2 302.7 366.7 87.3 1*8.7 . end July 31, silver Purchase Act of June 19, 1*8.7 7li2.2 1953 -January.. Dec. 21, 1933) Hevly mined allver (Acta July 6, 1939, 1*8.7 1*29.5 '•91.9 61.2.3 69lt.2 Hevly mined ailror (Proc. 833.6 833.6 833.6 .7 .7 31*. 31*. 31*. 31*. 31*. 31* .7 31*. 31*. 31*. 31* .7 51*1.6 1,055.8 1,089.0 1,01*8.2 967.3 717.3 938.1 1,069.6 1,077.6 1,087.8 1,098.1 333.2 161.2 1,109.3 1,119.2 1,130.0 1,139.3 1U.7 1,131.3 1,132.0 1,132.6 56.5 57.6 55.5 1,133.1* 53.9 50.0 11*6.8 129.9 127.2 81.9 57.2 31*. 31*. 1,131*. 31*. 1,135.0 1.6.1. 833.6 833.6 833.6 31*. 1,135.5 1,136.2 1,136.9 1.6.9 1*2.2 833.6 833.6 833.6 31* 1,137.7 1,138.5 1,139.3 39.1 37.8 3l*.7 31*. .7 3l*.7 31*. 1.1.2 31* .9 The figures in this column are not cumulative; as the amount of bullion held changes, the potential seigniorage thereon changes. Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar, December 31, 1953 Februarii 1954 53 -EXCHANGE STABILZATION FUND- Table 1.- Balance Sheet as of June 30, 1953, and September 30, 1953 5"^ .EXCHAMGE STTABILIZATION FUMD. Table 2.- Income and Expense Jaatiar; 31, I93U, through ClasaiflcatloD June 30, 1953 JanuaiT 31, I93I., through September 30, 1953 Inccne: $310,638.09 Proflta on Brltlah sterllne transactlcoB $310,638.09 351,527.60 351,527.60 Profits on gold bullloa (luclulliie proflta froa hmwrnng chszces on gold) 56,U52,lllt.97 57,218,797.51 Profits GD other gold and exchange transactions I»9,l61t, 525.110 1.9,165,755.06 Profits on Froich franc tronsactlcKiB • Profits GO allTar transacticos Profits en sale of allTor l>ulIlaQ to Treasury (natloQAlized) Profits CQ Inrestaents , Interest en Inreataants , Miscellaieoufi profits , Intereet earned on forel^ balances Interest earned on Chlneae yuan Total InociK , 102,735.27 102,735.27 3,'>73,362.29 3,1.73,362.29 1,876,790.55 1,876,790.55 8,698,066.89 8,823,577.32 861,51.6.95 861,51.6.95 2,81t9,683.19 2,81.9,683.19 1,975,317.07 1,975,317.07 126,116,308.27 127,009,730.90 ficpanse: Pereooal aerrlcea 10,093,183.99 10,1.23,260.71. Travel 500,9lt0.85 513,765.82 TransportatlcB of things 686,263.87 695,731.52 CcBBwnJcatlonfl ..,.,,,.,.,,,,,.,,,,,,,, 575,885.01. 580,283.25 Suppllea and oaterlals , 107,177.20 108,590.52 Other 1,1.13,163.20 1,1.1.3,997.23 Total 13,376,6111.15 13,765,629.08 112, 739,691. .3£ 113,21^,101.82 Net Inccme Februarij 19^4 55 .CAPITAL MOVBffiHTS. Data relating to olalms on forelgnere and liabiliand capital movements between the ties to foreigners, United States and foreign countries, have been the data for January 1950- Attention Is called to the fact that although the grand total figures on the revised collected reporting basis are reasonably comparable with those for since 1935, pursuant to Executive Order 6560 of January I5, preceding months, data for Individual countries In some 193!*, Information and Treasury regulations thereunder. covering the principal types of data and the principal Instances are not comparable because of certain changes In coverage and geographical olasslfl cation. countries la reported each month by banks and bankers and This The supplementary Information, contained In Section IV, Information Is published regularly In the "Treasury Is presented In three tables appearing at different times. securities brokers and dealers in the United States, Bulletin". Supplementary Information Is published at less Tabls 1 gives data by countries on short-term claims on and All reports are made Initially to the liabilities to foreigners as reported quarterly by exporters. frequent Intervals. Federal Reserve Banks, which forward consolidated figures Importers, and Industrial and commercial concerns in the to the Treasury. United States. This Information was published for the first time in the October 1949 Issue of the "Treasury Bulletin" The term "foreigners" as used In these reports covers all Institutions and Individuals (Including United citizens ) States domiciled outside the United States, as well as International organizations, wherever domiciled, treaty or convention between sovereign states. created by "Short-term" refers to original maturities of one year or lees, and "long-term" refers to all other maturities. A detailed and begins with data for September 30, 19^6. Table 2 supplies information by countries on long-term claims on and liabilities to foreigners as reported by banks and This table appeared for the bankers in the United States. first time in the December 19^9 issue. Data are for the end of the calendar year beginning with igUS. Table 3 gives information on short-term liabilitiee to countries basis of reporting, not regularly reported separately by banks and bankers. and derivation of capital movements figures appeared In the April 1950 Issue of the "Treasury Bulletin', pages 50-52. This table appeared for the first time in the April 195O Issue. The data have been requested at Irregular intervals, Revised report forms and regulations became effective with the earliest date being October 19'^3. discussion of the reporting coverage, Section I - Sumnary by Periods Table 1.- Net Capital Movement between the United States and Foreign CSountries (In thousandB of dollio^; negative figures Indicate a net outflow of capital from the Onlted States] AnalTsle of net capital movement In: Calendar year or nontta Net capital iKnrement Short-temi banking funds Brokerage balances Transactions Ireasury Jjulletin 56 .CAPITAL MOVH«ffiNTS. Section I - Summary by Periods Table 2.- Short-Term Claims on sind Liabilities to Foreigners (Foeitlcn at oDd of period In thouBanda of dollars] , 57 February 1954 .CAPITAL MOVIMEMTS Section I - Summary by Periods Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners (In tbousanlB of dollars; negative figures Indicate a net outflov of capital fron the United States) , ,. Treasury Bulletin 52 .CAPITAL MOVaoaiTS. Section - II Samnary by Countries Table 1.- Net Movement of Capital and of Short-Term Banking Funds (In thouaaoda of doUare; negative figures Indicate a net outflow of capital from the United States) Short-term banjEing funds Bet capital noreoient Country 19^^ 19^^ Jul7 August Septenber October p 13,008 -29,l87r 20r 5,557 2,327 Horenbar p July August September October p 16, 801 9,003 -29,697r 19r Borember p Europe: Austria Belglta Czechoslovakia DenfflBTk yinlani France GeTsaD7 Greece U,032 ll.,37l. 16,793 4,859 77 2,202 1,735 5,681 -137 6,771. l»,532 3,931 -2,783 -9014 29,968 30,726 3,75^ 15,677 17,190 18,213 11,775 13,696 -15,682 1(91 1,991. U65 5,767 6,576 3,626 USO -2,938 -18,7'»8 60,525 -1,103 26,011 -^5,572 Italy Netherlands Horway Poland Portugal Ihnania Spain Sweden Switzerland U. S. 3. R Uhlted Kingdon TugoBlavla Other Europe Total Europe Canada 1.89 -59 It, 1.18 13,505 7,991 19 11,057 3,993 6,501. 77 536 3,127 1,728 14,354 8,848 -146 3,357 -2,788 't9,597r 661. 31,559 7,169 26,289r 28,933 6,688 11,11.0 11,918 29,517 60,512 -1,171 25,030 -111, 171 29,432 30,497 3,735 17,864 15,057 12,971 17,094 4,405 14,781 -13,855 24,346r 8,640 -!.51 li6l 2,038 489 5,737 7,413 3,072 480 -3,606 2,159 -1,216 3,376 2,231 -l,2l6r 3,500r 5 1. -3 -50 -6,901 -3,683 -2,1.97 10,771. 1.0,61.2 1,935 688 2,978 213 3,335 8,010 7,33'i -57 3,7'i3 4,9311 -960 2,313 49,980r 31,440 7,1511 13,519 7,li5V 19 5,230 3,121 -291 28,866 6,695 40,939 14,320 2,072 697 2,866 213 3,125 13 -6 -3 -66 -6,838 -3,730 -2,506 10,746 1,157 11,061 7,l4o 8,798 '1,368 -654 1,515 4,240 2,222 -1,963 224 3,585 -4,232 109 -6,971 lOr -6,243 9,836 512 450 8,509 -12,774 797 -17,151 -247 2,551 U0,527 1,031. 6,896 9,19l» 18,9U3 9,031* 13,972 '•,310 1,515 221. -6,21.3 -16,373 2,003 5,055 U,7l8 5,1'3't 22,1.09 797 -19,051 2,221. -U,229 512 -21.8 -6I.9 71.6 2,583 -23,322 1,996 I., 936 55,817 152,221 85,81.3 l6l,062r 111,588 89,068 143,936 67,524 120,725r 8,599 6,291. -10,671. -36,921r U,981. 31,299 13,079 34,795 -15,384 899 12,058 -5,033 -1,491 46,495 -4,8l4 -5,022 76,897 7,971 -12,833 17,001 -1,300 -2,622 -10,784 -8,790 -3,688 -4,456 19,516 -27,803r -3,101 3,789 -40,237 474 -1,071 4,521 -358 -1,064 4,174 11,703 -6,681. 17,5'.2r -9,61.3 11,310 68,270 Latin America! -2,983 Argentina Bolivia Brazil Chile -5,136 1,168 -2.22li -1,1190 -91. -1.1,363 1.6,81.9 77,7'»0 8,370 -12,728 -'.,258 -8,631 -3,657 -15,85l.r -6,1.18 -l.,258 680 -1,077 -2,769r 966 16,776 -5,725 10,359 56,329 -5,323 U,11.5 -3,265 -2,21.9 -'12,199 862 -51 -3,019 932 15,752 -4,725 1,012 -5,711 10,324 56,299 -5,500 10,925 98I. -l.,626 Colciabla 12,136 -11,658 Cuba Dcnlnlcan Republic Guatemala ,.,... Mexico Netherlands West Indies and Surinam Peru Republic of Panama El Salvador Uruguay Venezuela Other Latin Anerlca.... 5,753 3,607 -2,022 3,752 18,711 -10,6to 20,300 5,970 '1,192 5,230 3,723 -2,085 3,121 579 -326 -966 '»,317 l.,862 1.67 -1,381. 7,01.2 -21.3 -3,681. -1,527 -555 -3,063 -1,817 -5,785 -5,169 9,836 66 6,li5li -1,856 3,095 9,379 -l,369r -6,287 -6,621 832 32,176 -10,900 7,211r -20,603r -5,162 3,267 -27,228 -',853 11,585 "•,330 -1,853 3,014 9,284 -1.723 i- 4,568 -3,312 -1,578 -1,126 -3.199 -3,735 -6,601 -6,629 -760 31,718 -11-393 7,l87r -21,683r -6,141 4,086 -27,585 Total Latin America, -9.24-i -1,967 -5,788 -4,625 9,915 -1,429 -6,871.1 31,176 80,600 -'.8,277r 39,32't -10, 651 r 26,870 76,964 -70,726r 35,388 438 -981 4,010 . . -1,191. -2,61.6 -3,287 -9W -1.59 1,362 -3,161 -37,831. -11,356 '1,555 Asia: China Mainland Formosa Hong Kong India Indonesia Iran Israel Japan Fblllpplnes ^allsDd -l.5"t -169 92 659 1,563 2,090 1,093 2,1.99 2,781. 1,11K> I167 -137 -93 -61. -1,307 .,11.3 -1,001. 2,013 2,105 178 "1,013 -6,398 1,9115 15,322 -5,815 -15,277 -3,922 7,53'' 8,972 -7,261 10,033 -236 -1,671. -3,8kl -3,721 2,1.85 -11,757 9,3'tl -"•,277 '',533 31,398 2,036 -^,138 16,559 -3,551 -^,776 2,913 11,173 Turkey Other Asia 6,575 6,252 -7,352 Total Asia 18,567 18,397 Other countries: Australia Belgian Congo ^ypt and AngloI^yptlan Sudan Union of South ATrlca.. Other Total other countries . Intematlooal Grand total p r -'•37 Preliminary Revised. 891. 6,360 -7,37'» -11,81.7 -79 2,019 Ut9 -5,730 1,1*5 1,870 -7,05U 121. l.,5l.8 -736 -7I16 -538 718 1,063 2,094 1,076 -475 -205 2,'i56 2,288 -232 294 -1,014 2,019 161 1,063 -574 2,093 177 8,964 -5,688 9,406 -274 15,318 -2,700 -17,464 -1,621 4,141 -6,409 1,9W -417 -743 ou 2,031 -658 16,306 -3,392 -4,742 4,369 10,947 7,550 -4,426 2, 1163 -11,567 -3,933 -2,189 -5,682 -3,810 -10,652 6,076 5,958 13,337 877 6,558 6,290 -7,475 9,329 1,031 -4,259 6,3&7 5,957 11,579 -6,951 -7,737 21,393 16,632 31,633 -5,986 -6,423 U,0l.7 -6,287 -1,861. -11,791 -7,361 -754 -16,666 -498 4,547 8,3111 -5,738 -6,283 -2,555 -16,675 661 5,343 -12,166 -3,962 -6,267 2,770 -5,1176 -5,'i70 -10, -627 678 7,098 l,'i51 -9,m -3,967 -6,689 3,189 -11,968 6,721 -73 1,676 2,231 -7,054 5,606 -559 -94 -10,921 -9,020 10,805 3,392 -25,997 -29,515 -9,864 9,002 -4,131 -26,689 10,667 1,052 -12,21.6 11,313 -kjhce 12,404 5,560 1,617 92,598 -7,508 198,213 221,735 75,855ir 200,120 185,726 83,6iar 117,760 113,99ar 117,096r 173.565 . 59 ^ebruarij 1954 .CAPITAL MOVBffiNTS Section II - Summary by Countries Table 2.- Net Movement In Brokerage Balances and Long-Term Security Transactions by Foreigners (Iq thouBands of doHare; negative fl^urea Indicate a net outflow of capital froa the United States or net Bales by foreigners) Coiuitey ] . . Treasury Bulletin 60 .CAPITAL MOVEMENTS. Section II - Sumnary by Countries Table 3.- Short-Tern Clalns on and Liabilities to Foreigners (Position at end of month In thousands of dollars ClaljDS Counti7 Liabilities to foreigners on foreigners 19?3 1953 Julj Ai:guet September October p Europe: Austria BelgliD Ciechoelorajcia Denmark Finland France 3 13 5 2,3llO 3,518 3,395 l.,2&7 5,736 2,675 9,6n 9,926 33,626 359 21,675 7,197 9,768 35,658 1,01.7 893 33 lo,?"*? 27,01*0 Greece Italy Netherlands 127 22,120 5,157 81.3 30 Svedec Svlttarland U. S. S. R United Kii^doci Yugoelavla Other Europe IW 11,021 372 10,282 Gemanj MorwBj Poland Fortugal Rumania. ............ Spain 327 lljlW 236 12,192 6 30,313 205 22,237 5,696 761 30 2,262 30 1.71 19,990 9,061 1.79 1.13 1.95 1.3". 5 14,1.02 5 5 20,317 2l.,101 18 22,620 2,555 1,773 2,186 ll.,001 13,1.20 l'.,7K) 1,698 15,360 28,1.61 26,61.0 33,857 39,1.99 5,336 6,313 5,795 6,880 U,21.8 6,615 5,319 7,097 155,^^ 161,732 17s, 102 187,1.90 1.9,630 1.2,003 56,737 80,707 1 Total Exnrope Canada , ••.•.....•.., Latin AiDgrica: Argentina Bolivia Brazil Chile Colcnbia..,. 7,951. 11., 292 317,181 7,653 1^,369 7,602 13,1.19 13,209 6,980 11,891 319,736 271., 739 201., 560 7,1.50 1.8,928 7,1.59 6,067 1.7,1.28 1.7,051. 23,989 1,931 2,991 88,990 21,632 1,736 3,552 79,300 1.1,761 1,836 Cuba Dominican Republic . Cuat<aala Mexico Netherlands West Indies and Surinam. ........ 28,805 1,901 2,1.05 2,21.8 Peru Republic of Panama. El SalTador Uruguay , TenAzuela Other Latin Aoerica.. 13,659 5,605 3,290 3,313 15,053 5,379 3,672 3,197 35,61.9 IS.Wl 35,1.18 ll.,171 591,210 59l.,17l. 2,650 5,586 2,536 2,271. 2,859 2,689 . Total Latin Amarlca.. 3,21*7 86,1.16 7,1.77 Asia; China Mainland Fomosa HoQg Kong India Indcnaela 2,506 5,1.10 1,21.5 1,61.6 Iran Israel Japan Philippines Thailani 13,311 17,773 18,766 10,815 l.,1.6U 13,888 18,789 17,090 10,055 5,216 Turkey Other Asia 6,680 15,536 15,516 Total Asia 103,606 100,163 106,268 6,261 7,129 6,301. 6,978 5,932 5,720 21.2 139 2,275 l.,1.69 Other countriee: Auatralia 'Belgian Congo Egypt and AngloKgyptlan Sudan Union of South Africa. Other 2,886 3,682 161 2,9/2 .,557 Total other countries. 20,200 19,826 20,095 917,898 902,881 , International Grand tttal 193 920,505 '.,983 163 1,728 l.,190 86,337 HoTcmber p July August September October p Hoveanber p Febriiarii 1954 61 CAPI1AL MOVEMENTS Section II - Sunnary by Countries Table 4.- Foreign Debit and Credit Balancea in Brokerage Accounts (FoaitioQ at and of montli In t^ousanla of dollaxB) Treasury Bulletin 6? .CAPITAL MOVIMEHTS. in - Details for Month of September 1953 Table 1.- Short-Term Clalma on Foreigners Section (PoeitloD at oQd of nuath in thousanda of dollars) February l%4 . . . : . . Treasury Bulletih 6U .CAPITAL MDVBMnrrs Section III Details for Month of September 1053 - Table 3.- Purchases and Sales of Long-Tern Securities by Foreigners (In thoiwanda of dollarg) Purchaa«« tlo Cotntrj Total U.S. OoT»m- 0nt bondB and notes Bwrope: Austria BelgluB •ourltioB Corporate and othar BonlB Stooki 28 16 5,852 2,128 379 Vamart 312 10 25 rinlai^ 81. IA5 328 Ciectaoeloralda. Trance Cexvaaj Greece Italy Netherlands. 5,?72 20£ 12 289 "t.wl 85 230 1,285 Vomj 1,128 172 13". Poland Porti^al .... R\Banla Spain 15 691 501 Svedsn Svitierland.. 0. S. S. R... Ollted tUsgia TugoelaTla. Other Europe 1138 Total Europe. 33,197 3,1.13 7,1.82 28,6Ul 16,205 1,313 51^ 16 67 82,009 23,032 11,957 "(3,0110 1,293 ll.,126 Latin Aaerloa; Argentina. BollTla... Brarll Chile ColcBhla. 608 21 781 581 100 Cube 1,792 117 86 Dooinlcan Bepuhllc Cuateaala Mexico Retherlanda Vast IMlae and Surlnaa 1,8W Peru Republic of Panam. El Salvador 101 2,399 \ 167 13 Venezuela Other Latin Anerlca. 1,826 1,179 765 Total Latin Aaerlca. 12,381, Aals! China Mainland, Poraoea Hong Eong India Indonesia Ires Israel Japan Fhillppinei. ISiailand. . . Turtcey Other Asia. Total Asia. ••7 532 983 lit 18 6 li 761 62 i 3"» 211 2,673 Other countarlee Australia Belgian Coi^o Egypt and AngloEgyptian Sudan Itolon of South Africa. Other Total other oowtrles. International Crand total. 18 1.10 3 . Uruguajr 3 1.98 312 659 6 l8l 1,502 2^48 15,95'' 156,1.08 20 8alea hj forel^narv forvlgnsra }xj Dcaestlo securities foreign aeourltlee Total salee U.S. oQt azkd Gorem- Foreign sectirltlee Corporate and other Nxkdfl notes Bonds Stocks Februani I9i4 Treasury BuJletin 66 .CAPITAL MOVmEHTS. Section III A - Preliminary Details for Month of November 1953 Table 2.- Short-Term Liabilities to Foreigners (Pooltlon at end of month In tbouaandB of dollare) February 1954 Treasury Bulletin 6g .CTMULATIVE TABLE OF COHTEinS. March 1953 through February 1954 Issue snd page number I95I1 1953 Apr. July Hay Aug. Sept. Article: TreaaiJX7 f Ijunclng operatlcmB Summary of Federal fiscal operations Budget receipts and expenditures: Raceipta t>7 principal eources £zpeDillt\ir«B ^7 najor clflaslficatlona SxpaDdlturee for oatlonal defons9 end relat«d actlTltlos Expezidlturee for ljit«niatlonal fljuiuae and aid "Othftr" azpendl ttjrea Sunnar? of bud^at resulta b; moatha and years Social Sacurlty Act Railroad Retlrvmant Act Railroad tMamploynent Insurance Act TruBt account and other transactions: Sianarj of trust account and other tranaacticdos Trust account receipts Trust account expenditures other than net liireatments Hot InTestmente of Goremment aganoles in puMlc debt securities.. Federal Old-^ge and SurrlTors Insurance Trust Fund Railroad Retirement Account Utaemployoent Trust Fund national Service Life Insurance Fuol Inreetaents of specified trust acooimts In public debt securities, by leeues ( December 31, 1953 ) 8 8 8 8 8 8 8 9 9 9 8 8 8 8 9 9 10 10 11 11 9 9 10 10 11 11 11 11 12 12 13 13 12 12 13 13 12 12 13 13 12 12 13 111 lit 111 111 lit lit 111 111 16 16 17 17 10 10 io 10 'io 18 16 16 17 17 18 16 16 17 17 18 16 16 17 17 18 10 17 17 18 li ii 18 18 18 18 18 u u u u 19 15 19 15 19 15 20 12 12 12 12 12 12 20 15 19 15 20 15 15 15 31 21 21 21 21 21 13 13 13 21 21 21 21 21 21 13 13 13 22 22 22 22 2l> 2lt 2lt 2ll 22 2K 16 16 25 25 25 25 25 17 17 17 26 26 26 26 26 18 18 18 9 9 10 10 11 11 9 10 10 10 10 11 11 9 9 10 10 11 u Treasury cash Income and outgo: SuBBSry of cash transactions SerlTatlon of cash budget receipts DerlTatlon of cash budget eipondltures Derivation of cash trust account transactioDs Dorlvatlcn of cash borrowing or repajaent of borrovlng Cash operating incone and outgo by nuoths , ,, Debt outstanding and gene ral fund: Sumsry of Federal securities , Ret change In FedertO. securities Interest-bearing public debt ., , ..,,...,, .,,,.,., let change In intereet -bearing public debt Special Issues to U, S. Govenaent inrestesnt accounts C<mputed Intereet charge and cuiputed intereet rate en Federal securltlee , , Treasury holAlnge of eecnrltles Issued by aorennient corporstlou and other agenclea ,.,,, Status of the gener&l fund of the O^eaeury Public debt and guaranteed securltlee outstanding by aonths Geoaral fund balance by nxiths ..•,,,,,,...,.,,,. , , ', 16 16 19 15 20 15 20 11 U 12 12 13 13 Statutory debt limita tion: Status under Ujoltatlcm ....,,, Applloatlni of llialtatloo to public debt and guaranteed eecurltiee outs tondli^ ,.,,,,, •.•.•••..........,..,,,, Debt ope rations: Maturity echedule of Int^reet-bearlng public urketable securities Issued by the U, S. Gorenauot Offerings of Treasury bills !.!!!!!!!!!!!!!!!!" Offerlngo of marketable Issues of TrsuuiT boi^s, notes, "sod certificates of Ijilebtedness Dlspooltlon of matured marketable Issues of Trvasury bonds notes* ' •nd oartifloatas of Indebtedness (Coatlnued en foUovli^ pege) 111 10 20 16 . Februanf ^-f 69 .cxMOL/orrvE table of contehts. March 1953 through February 1054 - (Continued) Issoe and page nunfeer 195^ 1953 Apr. May July Aug. 27 Sept. Oct. Jan. Dnlted States Esvlnge bonds: CuDulatlTe sales and reAaapticmB bj sarles Sales end redaaptlone bj periods, all series conbijaed Ssles md radonptlons by perlode. Series E Uirough E. ...... BedoEptlooe of laatured aod icmaturBd bcoda Sales aad rvimeptlanB by dauzBlnatlons , Series E end H end Series 7, G, J, and K Sales and rsdanptloos by deDcminatlcoa, Series E and H..... Sales by States, Series E eml S 27 27 28 27 27 28 28 27 27 28 27 28 27 27 28 32 32 32 32 32 32 27 27 19 19 20 22 19 19 20 22 23 23 19 19 24 20 22 19 19 20 22 28 28 23 23 23 23 29 24 24 26 33 27 33 34 Treasury aavlnge notee: 23 23 35 35 33 33 33 33 35 35 23 23 l}l8l3*lbution by classes of InvestozB and types of Issues......... let Barket porclissss car sales far Inrsstaent accoroDts bimrtlsd by 36 34 34 36 24 the Treesuxy.... •.•.•••...•. •.••............• ...•.•.•...•...•.•.•.•.,.....,...•.• 36 37 34 35 34 35 36 24 25 24 37 25 29 30 24 25 24 25 38 36 36 38 26 26 31 26 26 CtamlatlTe ealea and rsd^H^Jtloos by series....... ....• Sales end redaqrtlcas by periods, all sorlea c<Bblned. 33 33 Ownership of Federal securities; Estljoated cwnarBhlp. Treasury survey of ownership: OvnsTsblp by benkB, losnrence c^^xsilas, snd otiiers.. ..••.. ....... Olmearebip by coasiarclal banks claaslflsd by BeBbezshlp In Fedoi^kl Bssorre Syst^ (latest date Jiaie 30, 1953) 36 30 Market quotations: 42 Kid-of-naath cXoelng quotatlcDS on Federal securities by Issues*. &id-of-santh closing quotatlfxis on Trsesury securities by Issues. Chart - Yields of Treasury securities 42 44 34 36 30 32 35 37 30 32 30 32 43 44 45 37 38 33 34 38 46 39 33 34 33 34 45 46 47 45 46 47 47 48 49 39 40 41 35 36 40 41 42 35 36 37 35 36 37 49 50 50 51 49 50 50 51 51 43 44 44 52 52 53 53 54 45 40 40 41 44 45 45 46 39 40 40 41 39 40 40 41 52 53 54 55 51 51 53 52 52 54 45 46 41 42 46 47 41 42 42 45 49 46 ho 'is 1*2 ••5 k6 U7 43 44 U6 li8 1.7 ••9 1.8 50 5U 55 55 56 50 51 51 56 57 Average yields of lon g-term bonds: Arerage yields of Treasury and corpocrate bends by periods. Chart - Arersge ylelde of Treasury and corporate booda . . . Internal revenue collections: SuBBBTy by prlnclpel sources..... •.•.....•...•... •...•.•.• Chart - Internal rerenue coLLectloDs by principal oourcee. Detail of collections by type of tax..... 37 Monetary Btatlatlcs: Money .in circulation. Monetary stocks of gold and eilvar. Gold assets and liabilities of the Treasury Ccoponents of silver monetary stock Silver jOMduction in the liUted States and acqulslticos by alnte end assay offices. .............................................. Sel^alorage on silver.... Increskent frcn reductlcn In weight of gold dollar (latest date DecsBter 31, 1953) let Treasury gold receipts (latest quarter ending March 31, 1953).. 55 52 52 53 39 54 47 55 56 48 52 57 Exchange Stabilization Fund (latest date September 30, 1953): Balance sheet ...... Inccnks and expense. 56 57 49 Capital movements between the United States and foreign countries: SxBsiary by periods alnce 1935 Sunnary by countries and uaonUis ........ Details for latest annths by coimtrles. Si^pleneaitary data by countries ........ 58 61 65 5^ 57 61 67 58 61 65 53 53 56 60 56 60 66 66 57 60 64 47 50 54 43 46 50 50 53 57 43 50 Corporations and certain other business-type activities (latest dates September 30, 1953 an^ June 30, 1953): Loans outstandii^ • Balance sheets (including loans by type, beglnnii^ with data for June 30, 1953) Inctae and expense. ........................................... ... Source and appllcatlcc of funds 68 56 56 69 71 7U 63 70 GPO 871 381 Treas. HJ U.S. Treasury Dept, 10 Treasury Bulletin .A2 1954 c.l us 1 TREASjR'i LIBRARY 0031982