Full text of Treasury Bulletin : February 1956

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iiiiiiiii

iil

lii

LIBRARY
ROOM 5030
J UN 2 3 1972

TREASURY DEPARTMENT

TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON

25, D.C.

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
S

TAT

E S

SAVINGS

BONDS

^EUILLEWN
FEBRUHRV-igSB

UNITED STATES TRERSURV DEPORTMENT
OFFICE DF THE SECRETRRV

February 1956

Table of Contents
Page
A-1

Treasury financing operations
Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

5

13

Cash income and outgo
Debt outstanding and Treasurer

's

account

19

Statutory debt limitation

23

Debt operat ions

24-

United States savings bonds

3^

Treasury savings notes

3°

Ownership of Federal securities

37

Treasury survey of ownership of Federal securities

39

Market quotations on Treasury securities

^3

Average yields of long-term bonds

^6

Internal revenue collections

'^o

Monetary statistics

51

Exchange Stabilization Fund

55

Capital movements

57

Cumulative table of contents

67

Note:

Where calculations have been made from unroxmded
figures, the details may not check to the totals
shown.

The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington
D C
25
Subscription per year IM-.25 domestic, S5.25 foreign.*
Single copy price varies.

lobruary

19%

A-l

Treasury Financing Operations

91-Day Bills Refunded
Four new Issues of 91-day Treasury bills refunded the January

maturities in the full amount of $6.^ billion.

Each new issue

amounted to $1.6 billion, the equivalent of the weekly maturity.

The

average rates of discount on the January issues were 2.439 percent for

January

5;

2.596 percent for January 12; 2.U93 percent for January 19;

and 2.2W- percent for January 26.

Note:

Details of Treasury market financing operations are shown elsevhere

in

this Issue of the "Treasury Bulletin," In the tables on "Offerings" and

"Disposition,"

respectively, of marketable Issues of bonds, notes, and

certificates of Indebtednese , and
Bill£."

in

the table "Offerings of TreoBva?

.

.

...

,

19%

February

SUMMARY OF FEDERAL FISCAL OPERATIONS
(Is mlUlona of dollars)
Ret of
9cA%9t receipts and expenditures trust
account
Surplus, and other
Bcpendlet
transor
Ituree
receipts
actions
deficit
2/
1/
(-)

n«o«l

Ret
Inorease
Clearing
account,
eto. 4/

U

decrease

let
Increase in
Treasurer's
cash balance, or
decrease

(-)

(-)

In
public
debt, or

LsTela, end of period

Debt outstanding
Treasurer's

_

Public
debt

Guaranteed
securities

Total
Federal
seourltles

Subject to
limitation

i/

yT«i

19^3

21,967

19»>*

79,'«7
95,059

19''5

"•3,635
W»,li75

98, "H6

-51, "«3
-53,9"'l

191^

39,771

60,Wi8

-20,676

W"*?
191^

39,786
i»l,W8
37,696

39,032
33,069
39,507
39,617

19'>9

36,1*95
"•7,568

1950
1951
1952

61,391

"•4,058
65,"«)8

75'^

8,I^19

-1,811
-3,122
3,510
-U,017

l'K),796

ll|0,469

2oe,6a6
259,115
269,898

208,077
268,671
268,932

46

258,376
252,366
252,798
257,377
255,251
259,151

257,491
251,542
252,028
256,652
254,567
258,507

52

266,123

81
44

271,3'il

265,522
270,790
273,915

274,300
273,800

77
84

27'^,377

4,230
1,514
567
339

64,274
64,307
57,679
10,740

6,515
10,66?
4,529
-10,460

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

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

4,100
1,623

-U,136

-10,930
1,624

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

90

2,047
1,839
-388

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

-2,299
2,096
-551

U,670
6,766
6,216

266,071
271,260
274,374

6,000
6,000

-338
-2,222
791
-524
-1,103
-294
-495
99
679
147

555
-507
366
483
-214
-401

"•35

-eso

328
231

-303

284

6,966
5,189
3,115

-35
23

-74
-500

-216

1,751
9,94a
3,767
-22,502

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

165,877
230,630

-5,994
478
4,587
-2,135
3,883

-1,462

433
476
73

27
20
29

7l»,27U

1955

6U,a25
6U,655
60,390

61.,570

-9,"A9
-3,117
-4,180

1956 (Esrt.)...
1957 (art.)...

6U,5O0
66,300

61t,270

230

-338

65,855

"•35

41

19''3

3">,227

19W1
W^*?
19"^

"i3,2"i6

89,918
96,896
87,271
Ul,080

-55,691
-53,650
-43,594
-2,512

-£66
-1,161
-123
-1,386

362

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

19''7

"•0,389

37,51"'

2,434
5,241
-3,592
-422
-3,358

-350
-229
-502
311
815

-240
199
234
87
-106

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

-405
1,111
471
.447
62

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

256,900
252,800
257,130
£56,708
259,419

81
55
30

19U9
1950
1951

37,955
35,623
111, 106
37,728
56,337

-319
-209
-34
376

7,973
7,777
3,582
2,019

1,770
-1,488

6,064

603
-635

5,180
4,545

267,391
275,168
278,750
280,769

5I1

-5,842
-9,157
-3,683
•«,771

-41
101
739
-259

-185
737
5,879

-36
410

9
-135
-160

-320
-67
-4,546

-533
944

274,849
274,782
270,235

75
77

1,366

4,044
4,988
6,355

-427
394

593
-511
146

811
2,428
-2,215

-1,567
700
1,280

4,787

271,047
273,475
271,260

-276

-2,542
1,233
-313

4,224
5, "157
5,1''5

1953 6/

vr^

67,-m

274,418

n.a.
n.a.

273,884

Cslsnilar T»«r«l

•3,678
38,568

WW
37,306
52,979
61t,8iiO

1952
1953
WSli 6/
1955

63,8Ul
61,171
63,358

Wontha; 6/
195U-JamiftT7.
February.

March
April.
May...
June.

70,682
72,997
6".,85"i

66,129

i/

270,572
273,002
270,790

270,984
274,955
274,810

21
27
29

271,005
274,982
274,838

270,466
274,447
274,305

278,786
278,888
278,784

278,255
278,357
278,256

278,463
278,209
274,080
276,686
277,515
274,418

277,949
277,697
273,571
276,179
277,010
273,915

277,626
278,352
277,524

277,143
277,872
277,045

3,336

13

-169
304
-121

-97
-222

21

3,971
-145

-2,218
358
-2,546

-311
391
100

104
-209
425

3,942
101
-103

1,518
641
-2,124

6,663
7,304
5,180

278,752
278,853
278,750

34

-287
596

332
-11

-186
354
36

-311
-257
-4,134
2,601
824
-3,098

-451
682
-260

4,728

278,439
278,182
274,048
276,649
277,472
274,374

24
27

.

..

3,7"«

1955 -January....

"•,655

"•,9'^2

5, '•27
9,7''l

"•,831

-1,6U

193

5,89''

3,846

-7

5,228
5,356
6,753

-l,"i96

-l64

-919
3,372

-43

"•,73'^

5,382
6,225

5,1.98

5,3''0

-2,617
-1,491
158
-2,663
-510
-761

3,732
"•,"•38

10,125

July
August....
September.

2,765

October.
NoTember

2,692
U,662
"•,889

5,355
5,172
5,651

309
-384
131

-69

237

337

-40

-833

-213

473
-36

2,341
319
632

.74

33
-1

tranaaotlona."
Consists of tranaaotlciM of trust and deposit funds, InrestMot by
OoTem»nt agsneiaa in public debt seourltles, and rede«ptlon or sale
of receipts
of obll«atl<»s of GoreroMnt agencies in the aarket; euess
page 6.
or sipeodltures (-). For detaU of content, see
For checks outstanding, telegraphic rsporU froi Faderal ^""^'J^^'
uA th* flapublic debt Interest accn»d and laipald beginning with June
1

1,250
-522
336

3,210
725

-234
•«17

Actual flgui'es are fro* the olA dally Treasury ataUmmt through
Source!
the fiscal year 1952 and the calendar year 1953! actual figures on the
Mv reporting basis (see footnote 6) are fro« the nev daily Treasury
stata^mt and the 'Monthly StatoMut of Beaeipts and Expenditures of
the anted States So ie iisiient'; estlnatoe are based co the 1957 Budget
dooi«ont, released January 16, 1956, including effects of proposed
legislaticn. More dstalled Infonnatlon vltb reapeot to the figures
on this page la glren in suoceeding tables.
the Federal Old -Age
i/ Cross receipts lass transfers of tax receipta to
nd SuTTlTore Insurance Trust Fund and the Kallrood Retlranent
AccoMit, and refxnds of receipts.
eetabllshed
2/ Transactions of the Foreign loonoslo Cooperation Trust Fund,
Stat.
<nler Section 114 (f ) of the fconoadc Cooperation Act of 1948 (62
»lth the
150), are ccnsolldated with b\^ot expenditures. Begimlng
enterprises
fiscal year 1951, oat InrestKBt by wholly owned Oorenment
and Is
in public <<ebt securities Is excluded froa budget expenditures,
lnol\^sd with other smh InrestBent under "Trust account snd other
1/

271,127
273,555
271,341

-2,000
-2,820
-68

3,842
6,288

.

80
80
81

"•,827

"•,201

Deceaiber,.

274,362
274,300
269,757

53

2,751
3,592

"•,857

.

77

274,924
274,859
270,312

3'^

-2,5"t5

2,639

Jiaia,*

266,821
274,671
278,256
280,348

76

5,296
5,203
7,308

5,555

Oc tober

.

267,445
275,244
278,784
260,822

42

5,
U,">3'^

6,731
5,019

.

"•,577

24

"•,707

"•,951

February
March
April
May

256,127
252,057
256,413
256,026
258,794

5,218

2,827
3,911

Rovember.
DeceBber.

256,981
252,854
257,160
256,731
259,461

278, U5
259,149

"•"•"•

10,61iU

. .

171,202
239,099
288,559
258,554

5,033

July
August
September.
.

170,108
232,144
278,6821/
259,487

5, "187

6,766

5,4U
5,151
6,401
5,880
6,216

3'^

34

33

37
43

44

595
-1,058
-378
-62

6,811
5,753
5,376

277,584
278,309

42
43

277,"'76

48

5,31"»

5,U9

279,818
280,136
280,769

48

-195
-574

4,545

53
53

279,388
279,713
280,348

279,866
280,189
280,822

interest checks and
j»»1955 (pn>Tlowly included tnm RoT«ber 1949 as
held outside the
coupons ontatmllng), and deposits In transit and cash
Increase, or deorsase [.-).
Treasury beginning with the fiscal year 1954; net
For current aonth detail, see section on "Statutory Debt Umltatlon" in
each issue of the Bulletin. Bie limitations in effect during the period
corered by this table and the date when each became effeotlTe are as
follows! Msjob 28, 15te, »125 hlUloo; April U, 1943, »210 bllllonj
June 9, 1944, »260 blUlon; AprU 3, 1945, $300 billlcoi June 26, 1946,
increase end275 billion; and August 28, 1954, *28l blUlon (temporary under
the
Ouaranteed securities are inoluded
ing on June 30, 1956)
at curlimitation beginning J^irll 3, 1945- SaTloge bonds are included
that
time
they
to
prior
1946;
June
26,
rent redemption ralue beginning
ssrlngs bonds
were Inclined at Mturlty ralue. In the debt outstanding,
are carried at current redemptlai ralue.
lew reporting basis as announced February 17, 195* (see A^oril 195«
TreasuiT Bulletin," page A-e), beginning with the fiscal year 1953 and
statement shows cash
the calendar year 1954. The new daily Treasury
of the ttoited
depoelts and withdrawals In the account of the Treasurer
transactions not
Ti: monthly stateHsnt Includes agency
States.
receipts when they
cleared through the Treaaurer's account, and shows
when checks sro
are receired hf collecting officers snd expenditures
l6s»d or payments are made by disbursing officers.
FebrusiT 28, 19"*.
inaedlate postwar debt peak of $279,764 million was en
oal

2/

.

^

6/

1/

lot arai labia.

.

..,

Treasury Bulletin
.BUDGET EECEIPTS AMD KXPEKDITURES.

Table 1.- Receipts by Principal Sources
11

(In

1 1

nna of dollan)

Internal revenue i/

^ployment taxes

and proflta taxee

Fleoal jeap
or aontb

Corporation
2/

19W

IndlTldnal

Hot
vltbheld

19 ,735
19 ,61*1
18 ,189
Zk 218

19*9
1950
1951
1952

proflta

iin-

eiqiloTment

Ineurance
6/

537

620
603

5,31*0

277
285
280

4,983
5,425

600

6,U75
6,635

625
660

320
290

n3

17
64

51*, 363

lt,086

53,906
'9.915

I*,

Excise
taxes
2/

Total
employment 1/
2,381
2,477
2,883
3,931
4,562

51,31*7

1955

10,396

1956 (Eot.)....
1957 (Bet.)....

20,300
20,300

U,055

22,500

53,855

11,718

23,1*00

55,1*18

355

881)

3,1*77
li,071

33 ,012
10,7't7

27'>

2,239
881

March

6,812

7lt5

April.
Maj...
June.

U78
377
6,201

2,190
602
l.ltl?

2,916
1,721
967
2,991
1,5*5

9,279
3,635
3,970

9,1«

July
Ax^uat..
Septeaber,

51.7

277

88I1

1,70b

328
1,100

115
1,685

3,001*
1,601*

3,1*1*7

October.,
November.
December.

392
293
1,1*9

178

l,0lll

9"»

350

3,037
1,768

1956 to date..

lt,109

2,699

11,312

.

?or

208
223
226
234
259

28,263
37,753

21,351
21,635
21,254

.

Fop railroad retirement
5/
557
564
550
578
735

10,073
13,535
18,521

31,171
29,1*82

21,523
1B,265

1955-Jaauar7.
February .

old-age
insurance
2/!*/

Estate
and girt
taxes 2/

Taxes not
otherviee
olaaslfled

Total
Internal
revenue

2/

8,301
8,346
8,303
9,423
9,726

41,853
40,307
39,449
51,106
65,635

8/

1353
1951*

For

1,616
1,690
2,106
3,120
3,569

11,1*36
9,81*2

32 ,826

Hew reporting baale :

Withheld
1/

Total
Incone

'',389

555
562

46

10,825
945
936

7,420
7,585

9,894
9,887

1,025
1,120

5

31
167
20

161
786
628

649
709
841

62

67

5
-2

151

3

4
15
3

717
843
924

77
94
64

•

796

79
77
66

2

867
881

1
*

4,771
5,788
10,910
2,801
5,404
5,916

2,763
5,223
4,841

26,947

9 2/
7
5

316
785
703

20
80

198
912
519

15
85
60

Ifi

1

341
879
757
216
1,012
579

268

4
14
1

290
791
395

821
921
766

68
88
89

1
-1
24

38

3,283

5,052

467

26

52

3,567

339

18
85
55

18,119

2,927

318

1,581*
3,1*25

6,220

10,014
9,211

692

2

1
1

70,171
70,300 2/
66,289
72,199
74,015
4,354
5,631
10,902

Deductions from budget receipts
Miscellaneous
receipts

Fiscal year
or month

2/10/

1948

422
384
423

1949
1950
1951
1952

624
551

5ev reporting baalsl

Total
budget
receipts

Transfers of tax
reoolpta to -

FOASI
Trust Ftad

Railroad

u/

Account 12/

Betlreonent

3,824
2,082
1,439
1,639
l,8l4

46,099
42,774
41,311
53,369
67,999

1,616
1,690
2,106
3,120
3,569

723

550
550
575
738

biidget

receipts
Internal
revenue

2,250
2,817
2,135
2,082
2,275

Total
refunds
19
17
16
15

18

2
3

8
9
9

1,865
2,311 2/
2,559

72,649
73,173
69,454

4,086
4,537
5,040

620

3,095
3,345
3,400

17

6

603
599

20

11

606

613
562

22

4

1956 (Eat.)
1957 (Bet.)

690
700

2,500
2,800

75,389
77,515

6,475
6,635

625
660

3,758
3,892

22
22

9

48
47

430
276
127

4,833

113

5,954
11,089

255

17
64

60

562

46

51
56
57

276
311

4,941
6,119

80

U,279

316
785
703

August..,.,
Septeaber.

54
55
57

234
390
208

3,089
5,848
6,1B0

October...
Hovenber.
December..

62
65
56

173

240
440

350

1,684

April
May
June

July

1956 to date.

2,272
2,838
2,160
2,107
2,302

41,488
37,696
36,495
47,568
61,391

3,118
3,377
3,426

64,825
64,655
60,390

3,789
3,920

64,500
66,300

8/

1953
1954
1955

1955-January
February
March

Net

Befunda of receipts 13/

U9

5

46

2

48

206
738

2

208

2

741

4,655
5,427
9,741

3

874
817
399

3,732
4,438
10,125

52

872
814
396

15
85
60

109
116
100

1
2
2

110
118
103

2,765
4,734
5,496

2,998
5,527
5,337

198
912
519
266
692
339

18
85
55

19
85

2

21

3

51

3

39
54

2,692
4,662
4,889

28,981

2,927

318

479

13

496

25,240

Source: Actual flgur«s throi^ 1952 are frcm the old dally Treasury statement; actual figures on the nev reporting basis are fran the "Monthly
Statement of Beceipts and Expenditures of the OUted States Government";
eetljratee are based en the 1957 Budget doounent, released January l6,
1956, Including effects of proposed leglslatlcn.
For further detail, see tables under "Internal Revenis Collections."
Breakdowi vas not made in the dally Treasury statement for years nrloff
to 1954.
3/ Beglmlng January 1951, the dletrlbutloc of receipts betve-an Individual
incaie texes and old-age Insurance taxes la made In accordance vlth
provlslcns of Sec. 109 (a) (2) of the Social Securltjr Act teendmasts of

19

2
3

1950, for transfer to the Federal Old -Age and Survivors Insuranse
Trust Fund (see footnote 11).
Taxes
en eoq>loyer8 and employees under the Federal Insurance
4/
Contributions Act, as emended (26 tr.S.C. 1400-1432) and, beginning
with the taxable year 1951, tax on self-eaiployed inlividuals uixler
the Self-EBployment Contributions Act (26 U.S.O. 480-482).
Taxes on oarriere and their employees under the Railroad BetlTeaaent
Tax Act (26 D.S.O. 1500-1538).
6/ Tax on amploTers of 8 or more uoler the Fedeml Qumployiwnt Tax
Act, as melted (26 n.S.C. 1600-161I),
Foolaiotes 7 through 13 on page 4.

^

February

19%
.BUDGET RECEIPTS AND EXPENDITURES.

Table 2.- Expenditures by Major Functions
(In BllllonB of dollars)

FlBcal jeax or maatb

.

Treasury Bulletin
-BUB&ET EECEIPTS AND EXPENDITURES.

Table 3.- Expenditures for Major National Security
(In niUlanfl of dollars)

Direction
end coordination of
defense

FlacaX year or mcnth

19W

n.TTi

19'»9

12,907
13,009

1950
1951
1952

Nov reportljlg baale:

Air Force
defense

10

22, W»

12

U3,976

13

50,363

15
12
13

Raral
defense

Other
central
defense
octlTltles

1/

5,31.5 1/
5,21*5 1/

1*,205
1*,390

269
176

3,600 1/
6,31*9 1/
12,709 i/

3,987 1/
7,l<69 1/
15,635 1/

103
5,582
10,162

192
353

15,085
15,668

l6,2l*2

11,875
11,293
9,733

391*

9,1*35

1,117 1/
7

kraj
defense

l,75l»

It,

379

DeTolopoent
and control
of atomic
energy
1*75

622
550
897
1,670

Stoclcplllng

and dafenae
production
expcmslon

99
299
U38

unitary
aaslatance

262
1*15

966

130
991
2,W*2

793

Direct
forces
support

2/

1953
1954
1955

li6,90U

1*0,626

39,1^7

1956 (Bat.)
1957 (Eat.)

1*0,370

13

1/

lit

16,1*07

12,910
8,899

15,960
16,535

8,510
8,582

9,565

1,791
1,895

1,006

3,951*

1*52

1,01*5

1.81

I..857

9W*

3,629
2,272

657
651

1,715

7X3

1,9»»5

378

2,318
2,250

19
11*6

250

1955^ulT
August. . •...•.•.•.•.
September

October
November. .
December.

•

Source: See Table 2.
1/ Krpendlturee for Anay defense Inclxide scne eipendltin^e fop the Air Force
financed fran 19l*9 and prior year appro prlatlone

Footnotes to Table
Footnotes 1 through 6 follow Table 1.
2/ Throxjgh 1953, contrlbutlona to the Railroad tbemployment Insurance Administration Fund were carried in the dally Treaeizry statement as
mlBcelLansous receipts, while the 1957 Budget docisnent Inclxiules them
In emplcgment taxes through 1952. IblB difference In classification
accounts for the difference In figures fran the two sources. Beginning 1951* the ccntributlcne are credited direct to the tmet account.
For amounts of the contributlans Included In budget receipts, see
"Treeeui7 Bulletin" for Febnaary 1951*, page 7.
8/ As announced February 17, 1951*; see page 1, footnote 6.
2/ In the 1957 Budsot, internal revenue taxes not otherwise classified
are Incliided in miscellaneous receipts,
10/ Includes proceeds frooi sale of surplus property and frcm Governmentowned securltiee; seigniorage; deposits resulting fran renegotiation
of war contracts (see "Trecsmy Bulletin" for February 19l*8, page 5);
and railroad unemployment insurance contributions for administrative
expenses through 1953, after irtiich they are carried as trust account
receipts under the Railroad Retirement Board.
11/ Amounts appropriated to the Federal Old-Age and Sxirvlvore Insurance
Trust FuQd are equivalent to the amounte of taxes collected and
deposited for old-age InsinTince (U2 U.S.C, 1*01 (a)). The Social
Security Act Amendments of I95O, (approved August 28, I95O
(61* Stat, '^77), changed in certain respects the basis of transferring the appropriated funds to the trust fund. Beginning January 1951,

Ab announced February 17, 1951*; see page 1, footnote 6.
Total Includes $200 mlUlon for Departaaent of Defense under proposed
legislation.

2/
±/

1

-

(Continued)

the amounte tranBferT:jd currently for appropriation to the trust fund
are based on eetljaatee of old-age insurance tax receipts made by the
Secretary of the Treaaury pursuant to the provisions of Sec. 109(*)(2)
of the Amendments of 1950, and are adjusted in later transfers on the
basis of wage and self -employment income records maintained In the
Social Security Administration. Transfers for the fiscal year 1955
vere reduced in February by $300 million as an adjustment for excess
transfers to the trust fund of $90 million In 1952 and $210 million
in 1953. The amount of old-age Insurarice tax refunds is paid fran
the trust fund as a reimbursement x,o the general fxmd,
12/ Excludes the Government's contribution for creditable military aerrice
uMler the act of April 8, 19l*2 (56 Stat. 201*). Beginning 1952,
amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxee under the Railroad Retirement Tax Act deposited In
the Treasury, less refunds, during each fiscal year (65 Stat 222 and
66 Stat, 371), and tranaf«rs are made currently. Prevloxisly, annual
approprlatione were based, in effect, on estljnated tax collections,
vlt'i any necessary adjustments made in succeeding ap3;iropriatians,
13/ Interest on refunds Is Included In expenditures in Table 2, Reimbursement by the Federal Old-Age and Survivors Insurance Trust Fund
for refunds of taxes for the fiscal year (see footnote U) Is netted
against internal revenue refunds for the month In which the reimbursement Is made.

.

February I95b
-TRUST ACCOUHT Al© OTHER TRAHSACTIOMS

Table 1.- Summary of Trust Account and Other Transactions
(In mllllona of dollare)

et
Fiscal y«ar
or month

recelpte, or
expendituroa (-),
from trust account
and other tranaactions

Truet and deposit fund accounts
Ret recelpta, or
expend! tares (-)

Pecelpte

Expend Ituree
1/

Net Bale, or Inveetmant

.

Treasury BuUelin
|

.TRUST ACCOUHT AMD OTHER TRAHSACTIOHS

Table 3.- Trust and Dep>oelt Fund Account Expenditures
(In mllllona of dollars; negative figures are excess of credits)

February

19%
-TRUST ACCOUMT AND OTHER TRANSACTIONS.

Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In mlLHonfi of dollara; Degatlve figures are exceso of sales)

Trust accounts
Fiscal year
or month

Total
trust
accounts

19lt8

3,060 2/
2,311 3/

19''9

1950
1951
1952

3,557
3,636

Rev reporting basis:

3,301

195J»

2,051*

1955
1956 (Eat.)
1957 (Eat.)

October
November
December

569

kk6
-160

Rational
Service Life
Insurance
Fund

OoTemment
Life
Insurance
Fund

461
353
-1,946

32
32
-26

650

94

8

583

-245

1

590

1,29'*

31*6

l.Uit
1,678
1,950

338
357

-72'*

ltU9

1,522

280
202

-2i*8

Government
employees *
retirement
funds 1/
363
447
543
573
6a4

-6

-65
-1

588
252
314

9
1
14

503
513

17
17

1,362 5/

1,2'tl

l".!

-545

59
23
73

2,507
1,891

2,516
1,777

1,592
1,039

Ill
122

177
5

126
96

-10
-14

-335
-119

-336
-127

-U3

2
-10
-10

-2

-1

212

-160
-26
-173

-3

56

-37
36
Ik

-4

ita

-31*8

-358

-206

-36

663
1,032

656
1,032

l»12

39

-101
185

-16
-6

-5
-4

536

99

-2

144

37

6
18
230

-6

-7
-5
-2

15
235
14

-4

40
19
6

254

-123

259
976

265

-Ul.

99lt

1(38

'•5

29
218

50

-319

-33 U

-269

-2

-66

-9

-236

-251
377
lh6

-228
179
136

-29
35

-Ii2

-7
-6
-4

37S

•,

ll;6

161
10

Public enterprise funds

Total
public
enterprla
funds

Fiscal year
or month 6/

Federal
Bousing
Administration

-2

-4

3

-3

-5

Total
Governmentsponsored
enterprises

Ban^s
for
cooperatives

Federal
Deposit
Insurance
Corporation

11
7

41
73

84
179

62

21

1953
1954

79
-77

59
-86

9
11

12
-2

153
443

87
102

1955

126

95

13

18

170 8/

1956 (Est.)

91

8

113

66
90

16

1957 (Est.)

1952

52

84

4/

Memorandum 2/

April
May
June

July
August
September
October
November
December

,

,

,

,

,

,

1

e
14

7
10

8

18
2
1
3

10
7
1

6
-5

-4

5

-10

18
15

13
4

2

15
1
1

12
4

3

1

2

1
2
4

1

2

«
12
-12
7
-6

*
18
-8
-5

Govemment-Bponsored enterprises

Federal Savings
and Loan
Insurance
Corporation

104
101

1951

1955-January
February
March

9

l.SltS

,

Hev reporting bable:

OUier trust
accounts 2/

3,068
1,688
1,236

1955-January
Februai7
March

July
August
September

3,355

y

Railroad
Betlrenent
Account

Unemployment
Trust

y

1953

April
Maj
June

-40S
3,369

Federal OU-Age
and Sum Tors
Insurance Trust
Fund

Federal
home
loan
banks

r

_ TRUST

ACCOUMT AND OTHKR TRAKSACTIOUS-

Table 5.- Net Redemption or Sale of Obligations of
Government Agencies In the Market
(In mllllona of dollare; negatlre figures Indicate net aales)

Securities guaranteed by the Uilted States
Public enterprlao funds

FlBCal joar or month

Total
guaranteed

Commodity
Credit
Corporation

Federal
Farm
Mortgage
Corporation

Federal
Housing
Administration

19^8

-107

16

3

19lt9

7l»

It6

31

11
lU

8
-38U
72

-10
-IS

9
1
-1

-12
-16

1950
1951
1952

New reporting baale:

-3

1/
-7
-30

25

-7

195''

It

-29

1955

-602 2/

37

37

1956 (Eat.)
1957 (Est.)

-211
-2Ua
-571

-33
-7

-33
-8

10

10

-27
-51

-3

-3

-6

-6

-5

-5
-5
-1

1953

1955-Jan\iaT7

February
Harch
April
»•«»

June
July
August
September

October
November
Decembf

,

-29
-36

-5

-38

-1

-27
-1

3

3

-2

-2

16
55

6U
33

-1.

Hoine

Owners*
Loan
Corporation

.

7
5

.
.

Feb^uar^ 1956
.TRUST ACCOUNT AND OTHER TRANSACTIONS.

Table 6.- Federal Old-Age and Survivors Insurance Trust Fundi/
(In nllllons of dollare)

Becelpte
Fiscal 7aar
or nooth

Total 2/

10,558.8

1937-l»7

19W

1,807.1*

19'»9

1,923.8
2,366.8

1950
1951
1952

3,1*11.5

3,931.5

Hew reporting taala!

Approprlatlona
by CongreeB

Interest sad

i/

inres taunts

iax>flts

on

3,119.5
3,568.6

839.7
190.6
230.2
256.8
287 .U
333.5

9,719.0
1,616.2
1,690.3
2,106.1*

't,5l6.3

,086.3

386.6

5,080.3
5,585.8

l*,537.3

1*38.9

5,039.6

U38.O

1956 (B8t.)
1957 (Eat.)

7,096.5
7,335.6

6,U75.0
6,635.0

1*89.0

115.2

113.2
255.3
561.6

2.2
U.l*

316.3
78U.9
703.1

175.2
1.3
15.3

WSS-Janu*!?

1*

565.0

276.8
575.8

April
Ms;
June

335.'*

JvO;
AUgUBt
September

22"*.
53'*.

198.5
911.6
518.7

October
November
December

305.7
708.9
5U1.2

267.7
691.9
338.7

201.1

U2,Ua3.1

38,1*10.2

3,61.1.9

3l8.2
879.0

925.0

1937 to date 10/

Fiscal year or actith

206.0

1937-1»7.
191*8

191*9....

1950....

1951...
1952....

2/

1953
1951*

1955
1956 (Est.)...
1957 (Est.)...

1955-January..
February.
. .

April
May
June

2.1
2.1
2.1

July
August
September..

2.1.

October. ....
Norember....
December. • .

2.5
2.5
2.5

3.5
2.5

38U.6

11.6
9.6
7.U
5.5

l*.l

7.1*

18.1
U.2

MmlnistratlTe expenses
Belidbureements to
general fund 8/

Ifi/.

.7

3.3
3.6
3.7
3.7

17.8

Scpendl tores other than
Investaaents - (Continued)

1937 to date

.k

.8

Fetruary
March

Maxx;h.

y

l/

1953
195k
1955

New reporting basis:

Other

Bureau of OASI

_M

1*1*

.0

Deposits by
States

^

.

1

.
.

9

6

6

6

10

1
5

Treasury Ballet ii
.THUST ACCOUHT

AlTD

OTKKR TRAWSACTIOHS.

Table 7.- Unemployment Trust Fund
(In ulllloaa of dollars)
Reoelpta
State ao«ou&ta

FlBC&l jear or aonth

Deposlte
1936-'t7

12,257.8 5/
1,312.9
1,173.2
1,281.0
1,5'H.6

I9W
19't9

1950
1951
1952

Hew reportlne baala:

V

Ballroad Qbe^loyBant Insuraooe Aocoont 1/

Stat«a

Contrlbatlona g/

10,555.5
1,007.3

130.6

98I..O

.1

Transfers fns Adainla
tratlon PoDd 3/

redersl UBe^logrtooount jv/

ant

Tranafera froa
general fimd

56.9
9.7
9.0
5.*

7116.3

Interest on
lares tesnts

792.0
165.3
180.1
167.1

1,098.8
l,36e.6

U.9

1,61.3.3

1, 1.39.0

15.*

15.0
17.8

1..2

II..2

1.6

61..3

199.1

26.0
81.0
*

1.7
2.1

86.8
80.5

I9I..I.

9.7

161..
181..

6/

1953

1,593.8

1,371.1

195lt

l,'t92.5

1955

1,1.25.1.

1,21.6.0
1,11.6.2

195£ (Eat.)
1957 (Eat.)

1,608.9
1,609.9

1,300.0
1,250.0

23.0
157.2
19.1.

22.8
156.5
15.1

56.5

1.5.6

311.1.

310.1.

.6

105.0

15.9

2.7

HO.I

53.2
299.9
9.6

.1

1955-January
February
March
April
May
June
July
A\^uat

302.3
11.7

Sept«oit)er

October

56.3

Noreiaber •••••.•••
Dsceiaber. ...........

1936 to date 1/

2l.,562.1

5/

202.8
221.. I.

196.3
.2

.5

.2

3.2
•

1.1
10.9
.1.

1.6

8U.8
86.8

2.1

.1
.1
.6

.2

1.1.

Us.

221.1
107.9

U.9

.2

220.2
16.9

2.8

20,857.2

971.6

10.5

.9

88.2
96.3

151.1

2,378.8

Krpendltarea other than Inreataanta

fiscal year or

i

State aocounta

PailToad UDeaploy.
ent loanranoe
Account X/

Witbdravals
by States

Benefit
payaenta

Total

Assets, SDd of period

let Increase,
or decreese (-),
In asssts

Total

1936-1.7.

l.,388.8

".,168.1

191.8

U3.5

858.9
1,313.8
2,025.5
900.3

798.1
1,227.1
1,879.0

60.8

8I.8.3

52.0

1,01.8.6

1,000.3

1.8.3

97.3
lUO.O
205.9

-252.1.

-5U0.0

8,991. .3
8,U5lt.3

189.2
178.3

169.6
6.6

8,630.6

23.1.
18.1.

-181.0
-27.1
-172.5

8,563.1.

191.9

180.7
165.9
173.2

11.3.2

126.2

133.1.

122.1.

16.9
11.1

8,277.1

105.8

98.1.

7.1.

-86.7
178.0
-.7

July
August
September.

91..5

89.1
90.8
77.7

5.1.

1.5.6

8,1.99.9

8.8
8.6

202.6

8,702.6
8,627.9

October, ,.
NoTember. ..
December...

75.2

67.0
67.3
92.7

8.1
9.1
10.8

-18.9
1U..7
1..5

8,609.0
8,753.8
8,758.2

1,001.8

8,758.2

8,758.2

191.9....

1950....
1951....
1952....

Nev reportlne baals:

2/

1953

1,009.3

912.6

l,7l*l..9

l,60l..8

1955

1,965.1.

1,759.5

1956 (Est.)
1957 (Est.)

1,1.39.2

1,250.0

1,603.3

1,1.25.0

April.
May...
June,

1936 to date 1/.

11.6.5

1/

201..

I8I..3

99.6
86.3
76.1.

103.5

15,803.95/

111, 691..

18.7

Source: See Table 1,
1/ Secludes Interim adTance of $15 mllHcn fron the Ti^oasury anl aubaequont
repayment, both taking place In the flacal year I9I.0,
2/ Repreaents ccntrlbutlona luder the Kallroad Itoemplojaent InsuraiKe Act
of 1936, aa amended (U5 U.S.C. 36O (a)). In eiceaa of the
amount .pacified for admlnlstretlTe expenaes.
Bepresenta
oicess funds of the Ballroad Ifcanploynent luourance Admlnla3/
tratlon Piaul, under act of October 10, 19l«3 (5I. Stat. IO99).
Bepresenta exceaa of collectlcns frac the Federal tJbamploynant tax
orer
emplajnent security adnlalotratlTo eipenoos, to be uaed to eatabllah
ard
maintain a $200 mlUlin reaorre In the Federal inanployment acccnnt
vhlch
vlll be arallable for adTancos to State (PuiUc Lm 567.
approred
^^^"'^
'
Auguat 5, 1951. - 68 Stat. 668).

y

7,869.0
8,323.0

DkMxpsDded
balsnoe

7,892.0

17.0

8,298.1.

21..

8,182.1.
7,1.37.9

8,138.3

1.1..1

7,l.ll..3

23.6

61.1.3
59l>.7

8,079.2
8,673.9

8,061. .2

15.0
26.9

58I..0

9,21.6.7 8/

9,237.0
8,989.0
8,W.3.8

1.51..

-IW.6
-71.1..

5

8,61.7.1

6/

1951.

1955-January
February
March

7,869.0

86.7 2/

Inreataenta

-71..

8,621..

8,536.3
8,363.8
8,1.55.0
8,l.5l..3

,.

February I95b

11

-TRUST ACCOUHT fXD OTHER TRANSACTIONS.

Table 8.- Railroad Retirement Account
(In Billions of dollars)

Becelpts
Fiscal /ear
or IKIBQi

1936-47.

Approirlatlons ttj
CongrasB 1/
2,102.6

Expendlttiree other than InTestiwnta

Benefit
payaanta
Inveetaentfl

2,016.1
758,5
6S6.5
687.0
U90.8
750.8 h/

86.5
38.9
50.9
62.2
70.2
78.9

1,277.7
222.3
278.2

653.0
619.2 kj
598.9

89.3

1955

7te.3
717.9
699.9

98.7
101,0

1956 (Eat.)...
1957 (Bat.)...

730.0
770.0

625,0
661.7

1955-Jan\iar7..
Ptebruaiy.

17.3

6U.7

March.,..

It7.l1

19'*8

191.9....

797.'*
677.'*

1950....
1951....
195B....

7*9.2
561.0
829.7

301i.li

321.0
390.7

MalnlBtratlTe
expenses 2/

1,277.7
222.3
278.2
299.9
316.2

Transfers
to rOASI
Trust ?m)d 3/

1,399.9
1,799.1

l,37l*.5

1*.5

i*41».8

2,21*1*,

1,720.0
2,057.6

"..9

21*0.0
1*39.0

2,1*83.9

2,1*111.5

186.1*
69.1*

2,922.9

2,863.1

59.8

277.2
215.9
IIU.8

3,201.9 6/

3,532.5

3,11*2.8
3,31*5.3
3,1*85.9

1*6,6

1*58.9
lt81t,6

6.1
5.8
6,3

105.0
108.3

613.1.
61.9,9

599.1
637.1

6.9

7.1*

7.3

5.5

16.5
63.7

.8
.9

1.0

1.6,0
lt5.9
l»7.7

lt5.5

lt6.U

1*5.5
lt7.2

18.6
79.7
51.6

1.3
1.3
93.3

1.7.6
1.8.2

1*7.1

U7.6

.7

June .....

19.9
80,9
lWt.9

1.8.3

1*7.9

,1*

Jvlj
Augtut...
September

15.6
85 .2
60.2

15.5

.1
.2

1*7.5
1*7.7

.6

81t.9

55.5
U8.2

59.8

.It

1*8.0

1*7.5

October,
Norember.
December,

18.5

18.0

1*9

8I».8

50.lt

55.5

5l>.7

.5
,6
.8

50.1

85. l»

50.3
lt,61i9.1

. .

Maf

1936 to date 6/

8,199.3

7,520.2

679.2

569,3

11.6
9.6

79.1

3,1*17.8

59.1
72.5

116.6
120.1

3,61*9.1

3,769.2

3,596.6
3,718.1

52.6
51.1

.5
.k

-28.7
lB.7
-.3

3,1*12.5
3,1*31.2
3,1*30.9

3,333.6
3,370.0
3,383.8

78.9
61.2

.5
.6

-27.7
32.7
96.6

3,1*03.2
3,1*35.9

3,31*8.2

55.0

3,387.1

1*8.8

3,532.5

3,1*85.9

1*6.6

3,1*92.6

3,1*1*1,1*

51.2

.5
.5

-39.9
36.9
12.2

3,529.5

3,1*86.6

1*2.9

3,51*1.7

3,1*8I*.8

56.8

.U

.7

-31.6

3,510.1

53.9

1*9.9

.5
.5

35.0
5.1

3,51*5.1

1*9.9

3,550.2

3,1*56.2
3,1*90.9
3,1*99.3

l.,583.5

37.1

3,550.2

3,550.2

3,1*99.3

50.9

y
%

7.1*

28.6

1*7.1

5lt.l

50.9

Paid frtn the trust fuM beginning I950 (63 Stat, 297),
Pursuant to the Railroad Retlreotent Act as emended October 30, 1951
(1*5 n,S,C. 228e).
Appropriations reduced by $19.8 million In Norember 1951 and $l8,7 million In August 1953 and these smounta transferred to surplus, pursuant
to Public Laws 759, approred September 6, 1950, and 170, approved
JuU 31, 1953.
As announced rabruary 17, I95I*; see page 1, footnote 6.
Includea adjuslaenta to monthly statement basis.

Table 9«- National Service Life Insurance Fund
(la Bllllcu of dollars)

or maaXti

19.1*
25.1*

5/

Source: See Table 1.
1/ Includes the GoTerament'e cantributlcn for creditable military serrlce
ui^er the act of April 8, 19l*2 (56 Stat. SOU), Beginning 1952, appropriations of receipts are equal to the aonount of taxes deposited in the
Treaeui7 (lees refunds) taider the Railroad Retlrenent Tai Act, end
tranafere are made cmrrently subject to later sdjustaaents (see Budget
Receipts and Expenditures, Table 1). For prior years, approprlatlcos
vere Included here vhen made, but vere Included In Table 2 vtaen the
funds vere transferred fraa the general fund. Beginning 195^* Includes
imapproprlated tranafera of tax receipts.

nscal year

balance

575.1
399.2

5oe.o
585.1

April.

Dkiexpenied

805.5

1(65.1

195lt

Inreat-

ants
8el*.9

6.1

1953

Assets, end of period

8211.9

38I..6

Wew reporting basis:

let
Increase,
or decrease (-),
In assets

Treasurii Balleiin

12
.

TEUST ACCOUNT AMD OTHER TRANSACTIONS

.

Table 10.- InveetmentB of Specified Trust Accounts In Public Debt Securities,
by Issues, as of December 31, 1955
(In

IseuB

mllUona of dollAra)

February

[9%

13

.CASH INCOME AND OUTGO.

The cash Income and outgo data appearing In the
"Treaeury Bulletin" have been revised, beginning with the

representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the

February I956 leeue, to a basis consistent with receipts
from and payments to the public as derived In the 1957
Budget of the United States, 3peolal Analysis A. Recon-

Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
enterprises through sales of their own securities.

ciliation to cash deposits and withdrawals In the account
of the Treasurer of the United States Is shown on the
same basis as In the Budget document. There Is also shown
the amount of net cash borrowing from, or repayment of

It excludes changes In the public debt whloh do not rep-

borrowing

to,

the public.

By these arrangements, data In

resent direct cash borrowing from the public.

The net
effect of all these transactions with the public is

reflected in changes In the cash balance in the Treasurer's

account and In cash held outside the Treasury.

accordance with the Budget classifications are made avail-

Figures for back years have been
able month by month.
revised where necessary In order to make them as nearly

comparable with the 1957
available data will permit.

Budget

classifications as

For this reason certain of

the figures differ somewhat from those published In
earlier Budget documents as well aa In the Bulletin.

Cash transactions through the Treasurer's account are
similar In general concept to those Included In the Budget
series, but are limited In coverage to transactions which

affect the balance In that account.

On the other hand,

they Include receipts from the exercise of monetary
authority, v*lch are excluded from receipts from the public

In the Budget series.

The Budget series of cash transactions Is designed
to provide Information on the flow of money between the

Beginning with figures for the fiscal year 1953, the

public and the Federal Government as a whole, and therefore

series of transactions with the public Is based on the

includes transactions not cleared through the Treasurer's

"Monthly Statement of Receipts and Expenditures of the

Receipts and payments Include transactions both

United States Government," which la compiled from reports

In budget accounts and In trust and deposit fund accounts.

by all collecting and disbursing officers and includes
those transactions not cleared through the Treasurer's

account.

Operations of Oovemment-sponsored enterprises are Included

Cash deposits and withdrawals in the Treasurer's

Inpayments on a net basis as reflected In Treasury reports.
Major Intragovemmental transactions whloh are reported as
both expenditures and receipts are eliminated from both.

account.

Noncash Items which represent accrued obligations of the

prior to 1957 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury

Government to make payments In the future are also eliminated

from expenditures but are added later when actual payments
are made.

Receipts from the exercise of monetary authority

(mostly seigniorage on sliver)

are

excluded

as

not

account, beginning with the figures for the same year, are

reported in dally Treasury statements.

For those years

statements which reported separate classifications for
trust account transactions, etc.

budget results,

. .

:

Treasury Bulletin

1*^

CASH INCOME AND OUTGO

Table 1.- Summary of Federal Government Cash TraneactlonB with the Public
(In millions of dollars)

Net cash tranBactloiia with the piibllc
other than borrovlng
Flecal year or meet'

Federal recelpte fraa

Bkents to tbe

the piibllc

public

Federal pay-

£ice88 of
receipts, or
payments (-)

191*8
191*9

1*5,361
1*1,582

1950
1951
1952

1*0,91*5

36,1*96
1*0,576
1*3,152

53,397
68,018

1*5,801*

1,006
-2,207
7.593

67,969

1*9

76,773
71,860

-5,271*

Key reporting basis

8,861.

Plua: Net caah
borrowing frran
the public,
c, or

Plus : Bbcelpts frcm
eiercloe of

repayTient

moiietai7

authority
-7,278
-2,513
U,229
-5,796
-505

Q^uAla:

Change In caBh balances

Treaaurer's account Caah held outside
treasury. Increase,
balance, increase,
or decrease (-)
or decrease (-)

1.6

1,621*
-1,1)62

25

2,01*7

1*3

1,839
-388

37

68

1/

1953

71,1*99

lo?!*

1955

71,627
67,836

1956 (!st.)...
1957 (at.)...

73,1*73
75,351*

71,01*9

2,1*21*

72,920

2,1*31*

1955-January .
February,
March....

l*,879

5,601*

5,971

5,164

10,1*52

70,51*8

56

-2,299
2,096
-551

-312

27
27

-216

17

281*

2

-1*51

12

-205
-U,198

3

2

682
-e6o

-78
109

2

1,250

2

2
1

-522
336

122
232

595
-1,058
-378

-38
95
-50
6
-17
-20

2,919
2,512
1,819

29

-2,61*9
-2,1*61

-725

807

1*,559

3,007
239
-3,992

-2,1*1*9

3,001*

2

-831*

-130

1

-232
-2,712

73

6,1*07

lt,0l*5

1;,180

5,936

5,697
10,872

6,338
6,313

-1,756
-6U1

July
August., ,
September.

3,113
6,076

5,562
6,910

6,11*1

6,U7

25

-U5I*

1

October. .
Hovember..
December..

3,01*1*

5,819
5,800
6,218

-2,775
-59
-936

2,717

2

-62

-151*

1

-195

31*0

1

-571*

April.
May...
June..

5,71*1

5,282

Source:
Actual figures throi^ 1952 are based on the old dally Treaauir
statement; actual figures czi the new reporting basis are based on
the "McDthly Statement of Receipts and Erpendltures of the Uilted States
Ooremment" and the new dally Treasury stateooent; estimates are based on

257

the 1957 Budget document, released January l6, I956, Including effects
of proposed legislation.
As anno^xiced Februai7 17, 1954, see page 1, footaiote 6.

Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States

:

February

19%

1-5

CASH mCOME AND OUTGO

,

.

Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In mllHona of dollara)

BecelptB
Fleoal 7oar
or mcnth

Budget

Trifflt

(net)

account
a/

1/

Dsductlone frcoi receipts

Lobs:

Intragoremmental
trans ac t lone
(See Table 5)

££cee8
profits
tax refimd
bond redemptions

Sluals;
Federal
receipts
Total defrcm tile
ductlona

Beoeipta
from
exercise of
monetary
authority

piibllc

Beconcillatlon to cafih tranaactlons In ^I^asurer's account
FluB : Beceipta
frcm exerciae
of monetaiy
axithorlty k/

2/
igltS

6,515

19*9
1950
1951
1952

37,696
36,U95
U7,568
61,391

New reporting has la

5,71't

6,669
7,796
8,807

1»3,16U

8,929
9,155
9,536

73,75lt

55,36U
70,198

2,588
1,778
2,192

10

37

2,61*3

It

lt6

1
1
1

25

1,828
2,219
1,967
2,180

1,923

2,111

1*3

68

2/

1*5,361
1*1,582
ltO,9"*5

53,397
68,018

net difference
due to reporting method
(See Table k)

Bjuals:
Cash
deposits
In the
Treasurer's
account

lt5,398

37
U6
25

Ul,628
1*0,970

1*3

53,1*1*0

68

68,086

6/

1953
1954
1955

6U,655
60,390

1956 (Est.)
1957 (Est.)

6U,500
66,300

U,620

'',655

268
600
778

1955-^3'anuai7

Februaz7 ......
March

5,te7

April
May
June

3,732

9,71*1
U,lt38

10,125

11,890

528
1,320
1,675

July
August
Saptaaber

2,765

71*5

U,73l*
5,li98

1,502
721

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

2,692
U,662

505
1,1US
8Ul

Source:

U8,003
U3,lH0

MJuataent for

'*,889

73,811
69,926

2,199
2,110
2,061

29

76,120
76,190

2,621
2,810

-210
llU
-96

2,255
2,183
2,090

71,1*99

71,627
67,836

29

27
27

2,61t8

73,1*73
75,351*

27
27

'*,923

1*2

2

"t5

2

6,oe7
10,519

53

3

3

-582
332

6U

2

56
66

U,879
5,971
10,1*52

2

1*88

78
59
926

2

U.lBo
5,697
10,872

2
2

-532
-152

1

80
60
928

3,651

5,758
11,800

1

171

U,0lt5

3,510
6,235
6,220

39U
158
77

2
1
1

396
159
78

3,U3

2
1

-:2i
256

2,99!t

6,076
6,Htl

1

-15lt

3,197

151
62
W»7

2

153
63

3,01*1*

2,869

5,282

2
1
1

-176
192

ltlt8

69

5,353

It

,260

5,801.

5,730

56
73

2,837

2

1
1

5,71*1

56
73

71,31*5

71,815
67,769
73,1*99

75,380
It

,299

6,306
10,91*3

5,51*7

6,333
5,988
5,93lt

Footnotes follov Table 7,

See Table 1,

Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
iJn mllllocs of dollars)

Lees ; Deductions
fron expenditures

Expenditures

Tn»t
Fiscal year
or month

and
Budget deposit
fund
1/
accounts
2/

I9U8
191*9

1950
1951
1952

Intra-

spcnaored
enterprise
expenditures,
or receipts

mental
transactions

govem-

(See

(-), (net) i/

-2,060

1.8,002

1,923

70,359

275
279

lt5,80lt

2.111

2,199
2,110
2,06l

1*72

76,773
71,860

222

3,852

-31*1

1.3,018

6,961.

-83

1.6,1.97

ltlt,058

3,651.

291

5,317

-366

37,025

71* ,271*

5,288

-119

79,1*3

67,772

7,201.
8,51*6

-1.35

1/
108 2/

71*, 51*2

21.2

7l*,073

65,865

9,561
10,200

1*5

lt,91*2

81*2

1*,831
5,891.

757
781

1955

61*,570

1956 (Est,)
1957 (Est.)

6it,a7o

1955-Janufl;-y

April
Hay
JuDe

,

.,,

,

,,,..

July
August
September

October
November
December
Source:

Less: Paynenta to the jjublic not
reflected in the Treasurer's account

cash
held outside
the Treasury
Frccn

36,1.96
1.0,576
1*3,152

661.

1,153

67,969

Fron proceeds of sales
In the market of agency
obligations and public
debt ssctrrltiee (See
Table 7) 1/

Blualfll

Cesh

MJus^nent

wlth-

for net
difference
due to
reporting
method (See
Table 3)

dravals
frcm
the
Treasurer's
account

52

36,ltl.l.

108
68

1.0,1.68

79
170

1.5,725

U3,08U

67,799

6/

lojlt

February

Beconc Illation to cash transactions
In the Treasurer's aocoiuxt

y

2,588
1,778
2,192

3,731*

1953

I-larch

Accrued
interest
mnA other
ncocaah
expenditures
(See Table 6)

Table ?)

33,069
39,507
39,617
65,1*08

Nev reporting basis:

GoTezniDBDt-

Biuals
Federal
payments
to the
public

See Table 1.

5,228
5,356
6,753
5,38a
6,225

1,070
736
750

615

70,51.8

1.01.

71,01.9

-17

76,110

2,621
2,810

381

72,920

-261

5,523

1.2

-123

-lOl.

5,1.81*

53

267

-20

6,655

61.

181.

5,601.
5,161.
6,1.07

-32
78
-1D9

52

-222
-232

30

1.03

5,936
6,338
6,313

-2

313
52
-50

5,562
6,910
6,117

38
-95
50

5,819
5,800
6,218

50
5
9
-11

73,221*

6U

6,362

82

6,171.
7,61.3

lUl

78
59
926

31.8

-223

136
168
115

6,269
7,120

5,31*0

727
688

6,lUl.

158
77

5,355
5,172
5,651

900
668
663

208
8
17

6,1.63
5,81.8

151
62

1*93

6,331

ltJt7

-335

752

155
256

-257
312

572

391.

-lit

-6

17
20

Footnotes follow Table 7.

21.0

^10

76,l!-07

llU
-96

71,971*

69,899
71,066
72,920

25
-63
7S

1.0

21.
1.

-582
332

5,009

lt88

6,93a

-532
-152
171

5,355
6,278
6,677

-021
256

5,352
7,256

5,1*81

-15lt

5,901*

-176
192
69

5,659
5,951
6,261*

,

)

.

•

Treasury Bulletin

16

CASH INCOME AND OlfTGO.

Table 5.- IntraKovemmental Transactions Excluded from Both Receipts and Payments
(In millions of dollare)

Budget receipts vhioh are Budget realso bud^t expeodLltureu celpte which
are also
Interest paid
trifflt fund
to lir©asui7
Other
expendltxzres
by pubHc
2/
enterprise

Fiscal year
or month

Bxxlgot receipts

sponsored
enterprise
expend It urea

Ijitereet on
Inrestznent in

public debt
securities

finds
19lt8

113
32
73

19''9

1950
1951
1952

87

lUl*

WSk

228
173

,

1956 (Est.)...
1957 (Eat.)...

ll>7

892

10

987

Other

236
327
358
378
Ull

1*55

366

2
2

2,588
1,778
2,192

398

2
2

573

3

2,111

7
18

2,199
2,110
2,061

831*

283
376

9
10

59
68
81

1,09k
1,188
1,173

It20

W3

430

167
166

99
ICk

l,20U
1,289

555
55k

1(49

13

1*59

10

3

Sk
ik
to

7
1
1

1955->^Qnuary..

5

3

Februal7.
March. . ..

9

2

5

U

2

17

April.
May...
June.

3

79

2
2

July
August ....
September.

32
7
779
•

26
11

2

October...
November.,
December.

Source:

Payroll deductions for
employee o
retirement }*/

Trust fund
receipts irtilch
are also
trust fund
expenditures

1,923

j/

1953

1955

Interest
on uninveeted
trust
funds

7U6
8Ul
880

270
ko
S9

765
170
18
20
25

loe

New reporting tjaslB:

Trust fund receipts vhlch are also
budget expenditures

which are also

G ovoiTOnont -

1|

2

3

17

69

29

3

6

3

291

See Table 1.

1*39

38

16

iia

53
61.

5

1.6

3

U6

15

I4

UO
5k
h3

3'»1

10

60
3

hB
U9
U8

2,621
a, 810

78
59
926
39k
158
77

151

3

3

62

3

IA7

Footnotes follow Table 7.

Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(

accrued
Interest on
Borings bonds
and Treasury
bills 1/

Fiscal year
or month

Clearing
account for
public debt
Interest 2/

Adjusted
service
bonds U/

19lt8
19l»9

556
581

J*
-2

1950
1951
1952

57't

-2

638
758

-1
-1

Nev reporting basis:

718
52U

1955

1*97

1956
1957

>t.).

1955-JanuB3Tr.,.
FiBbruai7..

68
26

375
315

51
-17

-ao
2

March

5

12

April
May
JVDB

31
39

3

July
August....
September.

69
31

October...
Norember..
December..

26

Source:

See Table 1.

Special notes of U. S. 6/
Anaed forces
lesre bonds

^

-1,221
-l&t
-95
-i60
-68

Intemat icnal
Bank series
-350
-25
Jtl

International
Manatai7 Fund
series

net Izxreslanent
In public debt
securities
Included In
expenditures

-563

30

-98
207

28

13
-9

6

Clearing
accoiffit

for
checks
outstanding,
etc. 8/
-507
366
U83

-2,060
661.

-eii*

1,153
275

-llOl

279

-250
-115
-55

572
615

2/

195"*

1953

In iiimi<»w of dollars

noncash expenditures Inrolrlng lesiiance
of public debt seourltlee i/

Ifet

51

Ul

-21.

28

-2h
-8

109
156

-8
-8

50

-1
-1
-1

55

1*72

-18
2k

1.01.

-151.
27I1

-123

381
267

36

133

181.

6

31.8

-223

W

-11

308
-195
315

31.1

1*6

-Iks

313

-17
-62

-50

-67

38
-28

1*0

158
160

87

-1.98

-U
1.3

Footnotes follow Table 7.

321

1.03

52

-213

1*93
-11*

31*

-335

February

19%

17

CASH INCOME

Airo

OUTGO.

Table 7.- Derivation of Federal Government Net Cash Debt TranBactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(in

mm

1

fma of dollars; negatlre figures indicate net rspajment of borrcwlng)

Change In public debt and agency obligations held by the public

Public debt
Increase, or
decrease (-)

Fiscal year
or month

19^8

-5,991*

Plus: Net sale of obligations
of Government enterprlsee in
the market

Public and
trust enterprise funds

323

•e8
-lU
37^
-186

1950
1951
1952

nU

6,966
5,189
3,115

-59
-lU
6oe

an

1956 (Itet.)
1957 (Bit.)

April
Vies

JuDe •.•.••••••••••
•

September. •....•.• •

-311
-257
-^,13'*

571
27
51

2,601
3SU
-3,098

29

3,210

27

725
-833

1

2,31*1
•

Public

Govenment-

enterprlsi

sponsored
enterprises

fiends

-8,878
-2,226

3,060
2,311

30
6

-99
313

J*02

28

69

l*,870

3,369
3,355

101*

81*

101

179

-5,308
175

3,068
1,686
1,236

79
-77
126

1*1*6

2,516
1,777

91

31*0

113

205

-336
-127

2

201

-61*

1*0

8

-215

22

1*2

1*1

11*

-1*,158

-358
656
1,03s

10
7
1

-65
-82

3,01*3

-3,952

259
976

J*

59
-136

18

-1*9

-I.1I*

2,731

319
632

33

U

279
582

250

-500

1955-Janu>ry
February. ...........
MATOb

October
Norember
December

Trust funds

B^uals:
Increase in
securities
held by the
public, or
decrease (-)

1/

1953
1954
1955

July
Auguet

sponsored
enterprises

-8
10

1*78

U.587
-2,135
3,883

Hev reporting baele!

Goremnent—

-15

19't9

Net inveetanent in Federal
secioTitieB by Government agencies
Lees:

-60

36

38

200
«

153

3,61*0

2/
171 2/

2,1*63

-16

119
75

-331*

15

-1*0

-55
-6k

335
235

-251
377

15

ll»6

1

127
227
-17

-33

1

3,130

-2,228
-2,103
331*

278
3,118
-99

-uu
1*70

.

Ireasury Bulletin

18

.

CASH mcOME

MD

OUTGO

.

Footnotes to Table 3
i/
2/

^

k/

For further detail, see "Budget Receipts and Expenditures," Table 1.
For further detail, aee "Trust Accowit and Other Transactions," Table 2.
Treated as noncash refund deductions from receipts when leeued and as
cash refund deductions lAen redeemed,
Consists of seigniorage on silver and Increment resulting from reduction
In the weight of the gold dollar; excluded from receipts frcm the public

6/

but Included In cash deposits in the Treasurer's account.
Total includes $b nlUlon of aimed forces leave bonds redeemed for Insurance premiums; after August 31) 19^7, these bonds were redeemable
for cash (see Tables 6 and 7).
As anncjnced February 17, 195"*; see page 1, footnote 6.
Less than $500,000,

Footnotes to Table 4
t;

1/

For further detail, see "Budget Receipts and iicpendltures," Table 2.
For further detail, see "Trust Account and Other Transactions," Tables 3»
Includes net change in balances In Goveinment-aponsorod
14, end 5.
enterprise deposit fund accoucts with the Treasurer of the lliited States.
As meesin~ed by net security transactions reflected in Treasury reports,
on the basis that Ckjvenanant-eponsored enterprises obtain funds for
their operations through direct borrowing frcm the public or by cashing
Italtcd States securities which they hold, and apply the net inccme received frcm their operations to the redemption of their obligations In

it/

^
6/
2/

the market and to tJie purchase of Tiilted States securities.
Hot reported prior to 195^.
Consists of only those market transactions not cleared through the
Treasurer's account.
Ad announced February 17, 195^*; see page 1, footnote 6.
In addition to the net investment In Uhlted States securities shewn
in Table U under "Trust Account and Other Transactions," includes a
small amoxmt reflected In the deposit fund accounts of other enterprises regarded as representing net traneactlone with the public.

Footnotes to Table 5
1/

2/

i/

}*/

Federal Intermediate credit bank franchise tax and, beginning 1953.
also re imbureement by Panama Canal Conpany for expenses and services.
Includes relmbureeiMnt by Federal Old-Age and Surrivore Insurance Trust
Pund for administrative expenses and, beginning fiscal year 1953, al«o
for refunds of taxes (treated as an offset to refunds rather than being
credited to receipts); reimbursement by the District of Columbia; and
through 19^9, proceeds of ahlp sales which had been carried In trust
accounts pending allocation to budget receipts frcxn sale of surplus
property.
Coasists of payment of earnings and repayment of capital stock to the
Treasury through 1952, and beginning 1955, payment of franchise tax
by banks for cooperatives.
Includes relatively wwwn amounts of deductions from salaries paid by
trust funds and Government -sponsored entorprlsea,

5/

6/

j/

*

Consists of Hilted States and Government corporation shares of
contributlonfl to employees* retirement funds, and payments to the
Railroad Retiretment Account (for creditable military service), the
Uttemployment Trust Pund, veterans' life insurance funds, trust fund
for tachnlcal services and other assistance under the agricultural
conservation prcgram, and District of Columbia.
Includes District of Columbia share of contributions to the Civil
Service retirement fund, payments by Railroad Retirement Board to
Federal Old-Age and Survivors Insinimce Trust Fund, transfers from
Civil Service retirement f-und to Foreign Service retirement fund,
and transfers from Railroad Uiemployment Insurance Administration
Pund to Unemployment Trust Pund.
As announced February 17, 195^*; oee page 1, footnote 6,
Loss than $500,000.

Footnotes to Table 6
1/

2/

i/

y
^

Accrued discount on savings bonds and bills less Interest paid on savings bonds and bills redeemed,
Public debt Intei-eet accrued and unpaid beginning June 30, 1955, effective date of the change in accounting and reporting Interest on the
public debt frcan a due emd payable basis to an accrual basis. For
195^, consists only of public debt Interest checks aM coupons outstanding. Not reported as a separate clearing account prior to 195^*;
interest reported when paid by Treasurer prior to November I9U9. Net
increase, or decrease (-).
Treated as noncaah expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption; net
Issuance, or redemption (-).
Issued in 1936 in exchange for adjusted service certificates held, by
veteranc of World War I. The bcmds matured In I9U5.
Issued in I0U7
payment for accumulated leave. Figure for I9U8
exclude8$3 mlllian redeemed for Insurance premiums prior to August 31
I9U7, which was Included in trust account receipts (see Table
3,

m

6/

X/

8/

2/
*

footnote 5); after that date they were redeemable for cash. The last
of these bands matured In 1951.
Part of the United States subscription to the capital of the International Bank for Reconstruction and Develojnent and to the International Monetary Pund was paid in the form of ncnlnterest-bearlng,
nonnegotiahle notes payable on demand (see 19^7 Annual Report of the
Secretary of the Treasury, pages k&, 350, and 385). The last of the
notes Issued to the Bank was redeemed in 1950.
By wholly owned Government enterprises; beginning I951, such net investments are reported separately and are not included in expenditures
{see "Trust /iccount and Other Transactions," Table h).
Checks outstanding less deposits In transit, and telegraphic reports
frcm Federal Reserve Banks; Increase, or decrease (-). See also
footnote 2
As announced Februaiy 17, 195^; see page 1, footnote 6.
Less than $500,000.

Footnotes to Table 7
'^

i/

y

As announced Febj-uary 17, 195^; see page 1, footnote 6.
In addition to the net Investment in Uiited States securities shown in
Table 1a under "Trust Account and Other Transactions," includes a small
amount reflected in the deposit fund accounts of other entei-prlses regarded as representing net transactions with the puhllc.
Accrued dlacoiat on savings bonds and bills, which is Incloded in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the tijae of Issuance and as cash

transactions at the time of redemption; net Issuance, or redemption

^
6/
2/
•

Excluded from borrowing because tho transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions frcm receipts in Table 3,
Consists of cnly those transactions in public debt spcuritles and
agency obligations not cleared through the Treasurer's account.
L?BS than $500,000.

i

..

.

February

19%

19

DEBT OUTSTANDIHG AND TREASURER'S ACCOUNT

Table 1,- Summary of Federal Securities
(In

Total outataodlng
SdI of
f local
year or

MlUons

of dollars)

Intereet-bearlDe debt

Guaran-

Total 1/

onth

Pukllo

t«ad

dst>t

aecTjTl-

Public
debt

tlea 2/

I9W.

252,366
252,798
257,377
255,251
259,151

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

266,123
271,3'tl

266,071
271,260

81

27't,'tX8

271* ,371*

1*1*

igj't-DwseBber..

278,78'*

278,750

1955 -January.
February..
March

278,1*63

278,1*39

278.209

278,182

27

,080

271* ,01*8

April.
May...
June.

276,686
277,515

July
August ....
September,

277,521*

October
November,
December,

279,866
280,189
280,822

19'>9.

1950.
1951.
1952.
1953.
195^.
1955.

.

Matured debt and debt bearing no Interest

Gua2*an~

y

1,161
1,063
1,270
1,283
1,274

788
701
613
575
550
525
50e

589

1,302
1,411
1,567

477

3,019

1,003

1,528

488

2,71.3

2,81.7

729
596
792

1,528
1,536
1,572

487
486
483

2
2
1

2,726
2,669
2,63H

2,725
2,668
2,633

665
611
589

1,578
1,578
1,567

482
480
477

1
1

2,630
2,599
2,598

2,629
2,598
2,597

542
513
514

1,613
1,613
1,613

474
473
471

1

1.7

2,51*2

2,51*1

468

2,509
2,970

2,508
2,970

1*35

1,602
i,6oe
1.645

470

52
52

471
467

1
1

250,063
250,762
255,209
252,852
256,863

263,997
268,990
271,785

263,91*6

3"*

275,761*

275,731

21*

33

275,718
275,590
271,232

275,696
275,565
271,200

32

276,61*9
277,1*72

37

273,961

273,921*

37

1*3

271*, 81*6

271*, 801*

1*2

2711,1*18

271*, 371*

1*1*

271,785

271,71*1

1*3

277,626
278,352

277,581.

1*2

271*, 995

271*, 955

Ul

278,309

1*3

1*8

275,753
271*, 925

275,711
271*, 879

1*3

277,1*76

279,818
280,136
280,769

1*8

277,321*

53
53

277,681
277,851

277,277
277,628
277,799

271*

73

1*6

52

Monetary
Fund

Total
2,229
2,009

280
245
265

69

2,231*

21*

17
27

2,012
2,150
2,372

1*4

2,21*1*

2,21*2

268,910

51
80

2,126
2,351

298
437

271,71*1

1*3

2,631*

2,125
2,350
2,633

33

3,020

22
25

2,71*5

2,619

2,617

2,81*8

Source: Dally Treaaiil7 stateaant,
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Ezcludee guaranteed securities held by the Treasury.
3/ Consists of FHA debentures beginning March 19534/ Special notes of the United States issued to the International
Monetary Fund In payiwnt of part of the United States subscription,

Guaranteed
securities 2/
(matured)

Other
5/

250,132
250,785
255,226
252,879
256,907

27
20
29

Public debt

teed
eecorltlea gj 1/

1.7

2,11.8

2,370

512
419

857

1

1
1

1

pursuant to provisions of the Bretton Woods Agreements Act. The notes
bear no interest, are nonnegotiable, and are payable on demand. Similar notes issued to the International Bank and outstanding 1947-1949
are Included under "Other."
Includes savings stamps, excess profits tax refund bonds, currency
Items, end notes issued to the International Bank (see footnote 4).
For current month detail, see "Statutory Debt limitation," Table 2.

Treasury Bulletin

20

DEBT OUTSTAHDIMG AND IREASUFKR'S ACCOURT

Table 3.- Special Issues to United States Government Investment Accounts
(In millions of dollara)

February

19%

21

DEBT OOTSTAKDING AHD TI^EASDRER'S ACCOUHT

Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agenclesi/
(In

El^ of

mlUloQS of dollars)

..

Treasury Bulletin

22

DEBT OUTSTANDING AND TREASURER'S ACCOUNT

Table 6.- Statue of the Account of the Treasurer of the United States
(In Bdlllons of dollars)

Assets
Bulllaa, coin, and erxmooj

End of fiscal

Deposits In Federal Beserre Banks

jear or Bonth
Available
funds

WW
19lt9

1950
1951
1952
1953
195^
1955

5,370
3,862
5,927
7,871

1,073
1,022
1,052

7,Wl

1,009

l,0ll6

191
219
191
176
Wl*

123
103

250
355
210

LlaMlltles

end

collections

1,773
1,771
3,268
5,680
5,106

283
309
323
380
1*81*

512

3,071

538
570
593

1*26

1*38

Balsxkce In
account of
Treaetirer of
n. S.

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

392
1*10
sii*

875
380

271*

I489

166

563

111

3,1*61

551*

161*

^5

208
191
176

360

154

51*9

11*1*

TZk

11*9

2,907
3,561
3,203

603

561.

320
196

550

153

811*

362
153

1*,023

61*9

380

31*3

l*,365

674
530
593

143
190

1»93

175
188
187

11*6

6,401
5,880
6,216

1*97

171

681*

179

11*6

6,8U

163

393

ll»3

l*,972
I>,188

511*

1*98

191

3,638

501
506

135
157

5,753
5,376

WU

177

1(85

11*2

'*77

11*1

1*83

397

159

3,672
3,538
3,036

161
153

5,314
5,119
4,545

981*
1.97

6,362

1193

195J,.D«:

5,3W.

1955-Januftry..

l.,883

February
March

5,55't

1*93

5,304

501

April
May
June

6,5Wi
6,070
6,362

i.95

July
Auguflt...

6,957
5,888

September

5,533

1*99

IM

1^

11*9

5,280
It,
697

1*38

950
338
333

other
deposits

161
191
187

5,096
7,2't3

October.
November,
December.

1,928

In process
of colleotloD

Deposits In
special
depositaries
1/

I196

1*96

1*91

Iks
lUl

132

Source: Dally Treaaurr statesentT"
1/ On account of withheld taxes and ealea of Goremment eeourltles.
2/ Beginning December 1954, Poet Office Departaent and PoatMatere' dleburelng accounta are no longer treated as liahlllV accounta of the

31*3

lt,836
i',365

i*,05l*

U72

4,670
6,766
6,216

1*76
11*6

2/

5,180

4,728
5,411
5,151

Treasurer of the U. S., but are classified and treated in the ea
Banner as other disbursing accounts, in accordance vlth the chsinge In
sthod of reporting Poet Office Departaent transactions.

:

robruary I95b

23

STATUTORY DEBT LIMITATION
except that this amount was increased by |6 billion beginning on August 2S, I95I+, and ending on June 30, I956,
by acts approved August 2S, 195^, anc, June 30, I955.

The 3econd Liberty Bond Act, as amended { 3I U.S.C.
provides that the face amount of obligations issued
757
under authority of that act, and the face amount of
obligations guaranteed ae to principal and Interest by
'^),

Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,

the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
aggregate $275 billion outstanding at any one time,

are Included In the statutory debt limitation at current
redemption values.

Table !•- Status under Limitation, December 31, 1955
(In mill lone of dollars)

Maximum amount of eecurltlee which maj bo outstanding at any one time, ureier limitation Imposed bj the act
of June 26, 191*6 (31 U.S.C. 757 b), ae Increaeed temporarllj- by the acts of August 28, 1954, and Juno 30, I955

281,000

Amount of securities outstajoding subject to such statutory debt limitation:
U.

S.

Govemment securities Issued under the Secoad Liberty Bond Act,

Guaranteed eecurltles

(

280,295

ae emfinded.

excluding thoee held by the Treasury )

53

Total amount of aecvirltlea outstanding subject to statutory debt limitation

230,3l*S

Balance Issuable under limitation

I

Source:

fj^

Bureau of the Public Debt.

Table 2,- Application of Limitation to Public Debt and Guaranteed Securities
Oitstanding December 31, 1955
(In

mlUlons of

Class of security

Public debt;
Interest -bearing securities:
Marketable:
Treasury bills
Certificates of IndebtadJiese.
Treasury notes
Treasury bonds
Panama Canal bonds

Total marketable.
No nnarke table
U. S. sBTlngs bands (current redemption value).
Treaeury savings notes
Depositary bonds
Treasury bonds Investment series
,

Total nonmarketable.
Special Issues to Government agencies and trust funds.

Total Interest-bearing securities

Matured eecurltles on

trljlch

Interest has ceased

Debt bearing no Interest:
Ublted States eavlngs stampe
Excess profits tajc refund bonds
Special notes of the United States:
International Monetary Fund Series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reaerre Bank notes.
Other debt bearing no Interest

Total debt bearing no Interest.
Total public debt
Guaranteed securities:

i/

Interest-bearing.
Matured
Total guaranteed securities
Total public debt and guaranteed securltiee.

dollcu-a)

Subject to
statutory debt
limitation

22,313
15,

TU

lt3,255

31,86s

Hot subject to
statutory debt
limitation

Total
outstanding

2k

February

19%

25

.DEBT OPERATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding December 31, 1955 - (Continued)
(In mllllona of dollars)

Tear
and
month

Treasury Bulletin

26

DEBT OPERATION 3.
Table 2.- Offerings of Treasury Bills
(Dollar anounta In dIUIcmib)

DeacriptlcQ of Q0v laaue
H\aa]}er

Maturl1i7

da^B to

dAt«

Regular Series:
1955-AU6.
CT".

1955^ov.

18
25

Not.
Hot.
Hot.

Sept. 1
Sept, 8
Sept. 15
Sept. 22
Sept. 29

Deo.
Dec.
Dec.
Dec.
Dec.

Aug.
Aug.
Aug.

11

Oct.
Oct.
Oct.
Oct.

20
27

Not.

3

Hot.

10
17
25

Hot.
Hot.
Dec.
Dec.
Dec.
Dec.
Dec.

1956-Jan.
Jan.
Jan.
Jan.

6
13

1

8
15
22

29
5
12

19 p
26 p

of

f>lda

Total
^lount

atari t7
2, 328.lt

3.
10.
17.

91
91
91

25.

92

2,291.5
2,368.3
2,177.8

1.
8.

91
91
91
91
91

2,202.0
2,282.1
2,65U.l
2,328.2
2,317.2
2,067.0
2,256.6

15.
22.
29.

1956-Jan.
Jan.
Jon.
Jan,

26.

91
91
91
91

Feb.
Feb.
Feb.
Fkb.

2.
9.
16.
23.

91
91
91
90

Mar.
Mar.
Mar.
Mar.
Mar.

1.
8.

91
91
91
91
91

2,213.7
2,155.0
2,510.0
2,307.5
2,1*59.9
2,1*92.8

I*,

5.

12.
19.

15.
22.
29.

Apr.
Apr.
Apr.
Apr.

19.
26.

91
91
91
91

Mar.

23.

99

5.
12.

2,'t05.8

2,U30.6

2,U29.1
2,222.1*
2,320.1*

2,17U,1

2,1*06.7

2,686.1
2,596.0

Tax Anticlpatlgi Series l
1955-D«:. 15

Mount of ^Ids accepted

Aaount of

130.2

1,600.7

ccl^etItlTe basis

Osi

On QonooHpetitiTe teals 1/

In
exchange

Asount
maturing on
leaua date
of nov
offering

Total unnatured leeuee
otttetandii^

after nev
Issues

.

February

19%

27

DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
qats
Bubecrlptlon
boo]cfl vere
opened

Date
of
Issue

Amount of
subscriptions
tendered

Description of security

Flnt caU

Maturity

Cash 1/

Amount Issued

For
cash l/

Sxcfaange

In exchange
for other
securities

Allolaent
ratio

(In Millions of dollars)

8A/52
9/15/52

y
11/17/52
2/2/53

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

2 -3 /Bit Bond

2/15/53
2/15/53

2-l/l.;6

'./1/53

5/20/53
7/6/53
8/5/53

9/2/53

y

f
1

^

n/9/53

10/28/53
11/18/53

12/1/53
2/15/53

J

1

2/1/5''

y

5/1/53
6/1/53
7/15/53
8/15/53
9/15/53
9/15/53
10/1/53

I

I

2/15/51.
2/15/51.

Vl/Sl.

5/'./5l»

5/17/51.

l-l/Bi Certificate
Certificate
2^
2-1/856 Note
l-l/25t Note
25t
Certificate
Certificate

2-l/2)t Bool

1-1/2* Note
3-l/l.i6 Bond
2-5/8* Certificate
2-1/2* Certificate
2-5/8* Certificate
2-5/8* Certificate
2-7/8* Note
1-1/2* Note
2-3/1.* Bond
1-7/8* Note
2-1/2* Bond
1-5/8*
2-1/2%
1-1/2*
1-7/8*

Certificate
Bool
Note
Note

n

5/5/51.

7/2l/5l<
8/3/51*

I'
f

I

'

U/22/5U
.

2/1/55
3/22/55
!t/

5/3/55
7/8/55
7/11/55

7/20/55

10/3/55
!t/

11/28/55

6yi/5l.-B
3/22/51.-C 10/
8/I5/5I.-D
9/I5/5I.-E

3/15/57-A

I2/I5/5I.-B

12/15/58 6/

2/15/55-A
I./1/59-EA

2/15/59-A

5/17/55
7/18/55
2/15/55
8/1/55
5/17/55
10/11/55
10/1/55

2-1/U* Certificate
1-1/2* Note

6/22/56-0
10/1/60-BO

12/1/55
12/1/55

2-5/8* Certificate
2-7/8* Note

12/1/56-D
6/15/58-A

'./1/55
'./1/55

2*
3*

I./I/60-EA

8/15/56-B
3/22 '56-A
2/15/95
6/22/56-B
8/15/56-B

m

25 yr li m

5,250

^

620 6/

8,U1.
620 6/

yr

6

7 yr 10
1 yr
i
5 yr 10

7
5
U

yr
yr
yr

1

yr

1

m

m

1,188

9

ni

9,750

7i

m

9,250

3

m
n

1.18

m

1 yr
2 yr

1
6

m
m

m

2,788

100

'.,721.

100 12/

3

a

8

m

lOj

m

3

m

100

f

I

99

l*,919

l.,919

20/

5,359
6,755

5,359
6,755

8,U72
3,792

8,UT2
3,792

zy

1,921.

-

f

1

yr

9,oa3p
^,2o3p

100 2i/

100

2^

1^
3,171.

22/

100
28/

1,1.86
6,81.1

22/

100 33/

AJ

3i/

2,970
195

22/
100

2MJ

198

22/

^

100 23/

20/

3,210
2,532
2,201
821

100 11/

J

l.,155

8,778

10/

100 15/

3,558_20/
3,806

99

yr

2/

^ly

100

f

I

2,897
3,886

5

8/

\

3,731.

1,1.86
6,81.1

1/

8,175
1,71.86/

100

2,205

198
3,171. 21/
3,989
10,620
1,720 2kJ

2 yr

I

7,007
11,177
119

7,938

UO yr

2,997
121
2,239

8,190

yr

2/
100

l.,72l.

i,92ii

2j

100

8/

2,788

3,558 20/
3,806

yr

100 1/

n/

2,897
3,686

7i

}

5,902

7,007
11,177
119

m

y

l.,858

8,175
1,71* 6/

9

8

1 yr

8/

12,51.3

m
m

yr
1 yr
1 yr
8 yr

1 yr

1.18

2,997
121

m

5

l«3

873

383

8,687

yr

6 yr
2 yr

y

l.,858

1 yr
1 rr

Bureau of the Public Debt.
Consists of all pAHc cash subscriptions and subscriptions by
United States Government investaent accounts.
2/ Nonbank subscriptions were allotted In full. Commercial banks*
subscriptions for amo'jnts up to and incl'jdlng $100,000 for their
own acco'jnt also were allotted in full, Comnerclal banks' subscriptions for amo'jnts over $100,000 for their own account were
allotted $100,000 on each subscription.
2/ The 2* certiflcstes dated August 15, 1952, were reopened, with
all certificates of the aeries Identical in all respects, as an
exchange offering for the 1-7/8* certificates i*lch matured
December 1, 1952. Total exchai^es In the two offerings amounted
to $2,882 million.
U/ Exchange offering available to owners of nonmarketable 2-3/U*
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For f\u-ther information on the original offering see "Treasury
Amounts shown are as of
Biili«tln" for April 1951, page A-1.
Januaiy 31, I956.
"2]
Amo^int shown includes exchanges by Federal Reserve System Open
Market Account amounting to $711. million.
6/ The 2-1/2* bonds dated February 15, 1953, were reopened with all
the bonds of the series Identical in all respects, as an exchange
offering for the 2-1/8% notes which matured December 1, 1953Total exchanges In the two offerings amounted to $2,368 million.
HoUers of the 1-7/8* certificates which matured February 15, 1953,
2,/
were offered a choice of exchanging the eeciirltles for either the
one-year certificate or the five-year, ten-month bonds.
So'jrce:

li
8

5

21/
297
it/
32/
21/

5/

383

n

3/15/56-A
8/15 /.7-C
2/15/95 2V
6/22/55-F 26/

2/15/55
2/15/55
2/15/55

m

1 yr

U/15/61

1-5/8* Note
Note
Bend
1-3/8* Certificate
1-1/2* Note
Note
2*
1-7/8* Certificate
Bond
3*
Certificate
2*
Note
2*

10/1/51.
8/15/51.
12/15/51.
12/15/51.

10

5 yr
30 yr
1 yr

2/
100
100
100
100
100

".,963

2,008 i/
io,5te
821^1/

8,lilt

5 yr

9/15/61

963

873

3

10/1/58-IX)

l.,2l.5
I.,

821.

5 yr

6/15/78-83

m

10,51.2

12/15/58 6/
1./1/58-EA

U

11,693

2,008 2/

1 yr

5/17/55-B
3/22/55-c 18/
8/15/55-D 20/
11/15/60
5/15/57-B
10/1/59 -BO
8/15/55-D 20/
12/15/55-E
8/15/63

1-1/8*
1*
1-1/8*
2-1/8*
1-5/8*
1-1/2*
1-1/8*

5 yr

2/15/5I.-A

Certificate
Certificate
Certificate
Bond
Note
Note
Certificate
1-1/1.* Certificate
2-1/2* Bond

5/17/51.
e/2/51.
8/15/51.
8/15/51.
IO/I./5I.

9/23/51'

6/15/58
6/1/53-B
8/15/53 -C i/
12/1/53 -A
10/1/57-BO
8/15/53 -C 2/

195

9,083P
2,283P

ii/
100
100 25/

The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953
Total allotanents on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amo^lnt8 up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Conmierclal banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treaaury also reserved the right to allot
limited ankounts of these bonds to Government investment accounts,
which subscribed to a total amount of $ll8 million.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes

due March 15, 1951..
Subscriptions for amounts up to and Including $100,000 were allotted
in full. Subscriptions for amounts over $100,000 were allotted 67
percent but In no case less than $100,000.
offered
22/ Holders of the 2* bonds which matured September 15, 1953, were
a choice of exchanging the securities for either the one-year certificates or the three-and -one-half -year notes.
$10,000 were allotted in
i2/ Subscriptions for amounts up to and Including
full. Subscrlptlone from mutual savings banks. Insurance companies,
pension an! retirement funds, and State and local governments were
allotted 21. percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Footnotes lU through 35 at end of Table U.

ii/

Ireasury nulletin

2g

.DEBT OPERATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Called or maturing security i/
Date of
refunding
or retireDent

iBBVtB

Description

date

Besulte of exchaise offers

Disposition offers
by Treasury
Amount
catstanding

Cash
retirement

Description of new
security offered

Turned

Exchange
security
offered

Exchanged

In

for
caah 2/

(In nllliona of dollars)

-

7/1/52-B
8/l5/5a-C
9/1/52-D

9/15/51
10/1/51

2,416

2,008

407

1-7/856 Certificate -

lO/l/52-E

10/15/51

10,861

10,861

10,54a

319

2-1/8)6 Note

1-7/856 Certificate -

12/1/52-F

12/15/51

1,063

1,063

873

190

2)6

l-7/8;t Certificate -

2/15/53-A

3/1/52

8,868

8,868

8,734

134

1-7/8* Certificate
l-T/ait Certificate
l-T/8j6 Certificate

-

8/1/51

5,216
583
1,832

Total

1-7/8)6 Certificate

253
150

'.,963

434
1,575

256

Certificate
2-1/4)6 Certificate
,

1-7/816 Certificate -

6/1/53-B
6/15/53-55

5,686

4,858

829

2,882

2,882

2,788

93

2-5/8)6 Certificate

7,986

7,986

7,721

266

2-5/8)6 Certificate
2-7/8)6 Bote

10,042

9,923

118

1-7/856 Bote
2-1/256 Bond

8,111*

8,114

5,647
2,360

108

1-5/8)6 Certificate
2-1/2)6 Bond

2/15/55-A

12/15/1<9

l',675

'.,675

1,360
3,237

78

1-5/8)6 Certificate
2-1/2)6 Bond

2/15/55-A
11/15/61

6/15/52-5'*

6/26/Uk

6/15/52-55
6/15/5U-56

2/25/li2

5,825
1,501
681

5,825
1,501
681

4,083
1,128
369

1,743 6/
373 b/

20,796

20,796

18,184

2,612 6/

1,7'>3

2)6

Certificate

-

8/15/53 -C

8/15/52

2*

Bond

-

9/15/51-53

9/l5/l»3

2-1/856 Note

-

12/1/53-A

10/1/52

Certificate -

2/l5/5l»-A

2/15/53

3/15/5't-A

-

-

Si
2-1/1*56
2-1/1*56

Bond
Bond
Bond

-

-

7/22/1*0

Total

4,963
725

Bond
Bond
Bond

io,ote 5/

553

6/I5/52-5I*

6/26/1.4

6/15/52-55

2/25/te

373

-

6/15/511-56

7/22/1*0

3U

1,743
373
311

1,505
322
273

2-5/8)6 Certificate -

6/l/5l*-B

6/1/53

4,858

4,858

1,786
2,897

175
502

2-1/1*56

2-1/1*56

Total

7,285

7,285

6,783

-

8/l5/5l*-D

8/15/53

2,788

2,788

1,005
1,728

2-5/8^^ Certificate -

9/15/5!*-!:

5/15/53

4,724

4,7=4

2,553
2,078

2-5/^- Certificate

Total

7,512

7,512

7,364
4,4o8
3,289
346

l-7/B< Wove

-

12/15/5lt-B

12/1/53

8,175

8,175

Bond

-

12/15/52-51*

12/1/1.I1

8,6&>

8,662

1,983
I

2*

Bond

-

12/15/51-55

12/15/1*1

510

510

17,3l'7

(ContlBued on following page)

17,033

8/15/54-D
9/15/54-E
3/15/57-A

12/15/54-B
12/15/58 4/

U/15/61

11/15/61

7,007 total of 1-5/856 Certificate
11,177 total of 2-1/256 Bond

51

[

1

}

148

243

29

380

17,347

2-1/2)6 Bond

6/1/54-B

1-1/8)6 Certificate -

5/17/55-B

1-1/8)6 Certificate 1-7/8)6 Note

5/17/55-B
2/15/59-A

38

6,cg8
14
88

2-5/8)6 Certificate -

238

1.07
a;!

•

3Ul7

-

2i6

-

BoM

8/15/53-C 2/
2/15/54-A
12/15/58 4/

277

10/7/1*0

Total

1-3/856 Rote

2-1/2)6

12/1/53-A
-

4,410
448

-

2-1/1*56

8/15/53 -C 1/

4,963
725

7/1/52

Bond

256

6/1/53-B

Certificate

258

[3,886 total of 1-1/8^ Certificate
12,897 total of 1-7/8)6 Note
1-1/856 Certificate
2-1/8)6 Bond

8/15/55-D
11/15/60

1-1/85S Certificate
2-1/8?- Borxl

8/15/55-D

l-l/8< Cer1.1flcate
1-1/4?, Certificate
2-1/2? Bond

8/15/55-D
12/15/55-E
8/15/63

1-1/8)6 Certificate

8/15/55-D
12/15/55-E
8/15/63

1-1/45 Certificate
2-1/2? Bond
1-1/8? Certificate
1-1/4? Certificate
2-1/2)6 Bond

315

U/15/60

(3,558 total of 1-1/856 Certificate j/
[3,806 total of 2-1/8^ Bond

8/15/55-D
12/15/55-E
8/15/63

4,919 total of 1-1/8? Certificate jj
5,359 total of 1-1/4? Certificate
6,755 total of 2-1/2)6 Bond

February 1956

29

.DEBT OPERATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued!
Called or maturli^ security 1/
Date of
refunding
or retire-

Description

ment

Issue
date

Disposition offers
by Treasury
Amount
outstanding

Cash
retire-

ment

l-5/8it Certificate -

2/15/55

a/l5/55-A

2/l5/5lt

7,007

1-1/2* Note

-

3/15/55-A

3/15/50

5,365

a-7/856 Bond

-

3/15/55-60

3/15/35

2,611

5/17/55

l-l/8jt Certificate -

5/17/55-B

8/1/55

1-1/8)6 Certificate -

8/15/55-D

l-lA)S Certificate

-

12/15/55-E

12/1/55
l-3/li)6

Note

- ][2/l5/55-B

Exchai^e
security
offered

Eesults of exchange offers
Exchanged

Turned
in for
cash 2/

Description of new
security offered

Treasury Bulletin

?o

.UNITED STATES SAVINGS BONDS.

United States eavlnge bonds were first offered In
March 1955 and began to mature In March igl^J- Series A-D
were sold between March 1935 and the end of April l?"^!,
were first offered In May 19'*1.
and Series E, F, and

details of these changes see "Treasury Bulletin" for
Series F and
began to mature on
May 1952, page A-1.
May 1, 1953. For the exchange offering made to holders
of these bonds maturing through December 3I, 1953, see
the May 1957 Issue, page A-1. The Treasury invited

When Series E began to iuature on May 1, 1951, owners of
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 January

to retain them with an extended maturity of 10 years at

bonds.

specified rates of Interest accrual; or to exchange them
for Series G bonds.

May

1,

A number of changes became effective

The principal ones were:

1952.

The rate of

195*^ to

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
amounts outstanding at current redemption values.

Series G,

and K are Included at face value throughout.

Matured

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
Series E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond. Series H, similar in interest

Matured

return to Series

E,

was offered beginning June 1.

F

and

bonds outstanding are included In the

interest-bearing debt until all bonds of the annual series

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, 1955
(ColXU*

anrXoB

ODOUEXtfl

In 11UAIOO0)

\

.

31

February i95b
.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series B through K
(In BlLLlona of dollars)

Aocroed
dlseoont

Period

Bedaaptlau ij

Sales plus
aoorued
dleoount

Sales
prloe
Series B and H oonblned

it/

5/

AHoont ogtetanfllng

Aoorued
dlsooimt

^

Interest-bearing
debt

Flecal years:
19'>1-19W
I9U9
1950
1951
195a
1953

4,278
3,993
3,27a
3,296
4,061
4,653
5,225

2,021
753
895
1,035
1,111
1,120
1,126
1,J23

52,447
5,032
4,887
4,307
4,407
5,181
5,779
6,348

20,822
3,530
3,521
4,295
4,008
4,038
4,345
4,544

20,488
3,368

52,454
4,208
3,668
3,190
3,575
4,368
4,889
5,368

2,384
818
971
1,080
1,120
1,128
1,126
1,113

54,838
5,025
4,639
4,270
4,694
5,496
6,015
6,481

22,649
3,448
3,912
4,036
4,098
4,157
4,444
V,63a

22,235
3,274
3,667
3,688
3,622
3,625
3,909

573

113
84

686
549
599

404
343
406

336
256
334

68
88
72

38,515
38,721
38,914

525
509
542

376
392
437

329
342
372

47
50
65

39,063
39,181
39,285

352
343

50
56
53

39,432
39,553
39,656

53

39,780
39,906
40,063

50,1(26

195^6/
.1.9555/

3,326
3,987
3,583
3,538
3,791
3,909

334
162
195
307
425
500
554
636

31,625
33,127
34,494
34,506
34,905
36,048
37,482
39,285

414

32,188
33,766
34,493
34,727

Calendar years:
1941-19*8
1949
1950
1951
1952
1953
1954
1955

3,9l^9

174

245
348
476
531
535
702

35,32't

36,663
38,233
40,063

Wonths:
1955-J>niiBry..,

Febniai7.
March

465
518

i*rll

448
419
428

*>f
Jane
July
Augitst....

September.
October.

,

Ifovember,.
Ztoceanber.

81
77
90

U3

439
43?
4l4

UO
81
82

548
520
496

402
399
393

339

404
395
425

78
89
115

483
484
540

358
358
383

305
310
331

48
52

Matured debt

.

. . ,

32

Treasury BaUethi
.UNITED STATES SAVUKK BONDS.

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

Sales

Aocmed
discount

llllcaa of dollars)
Sales plus
aoorued
discount

Series 1
Flecal years:
19'tl-19't8.
19'>9

50,lia6

2,021

,278
3,993
3,272
3,266
3,700
3,988
•,095

753
895
1,035
1,111
1,120
1,126
1,123

52,l»5li

2,38lt

It

1950
1951
1952
1953
195k
1955

Calendar jeara:

19*1-19W.
191*9

"1,208

1950
1951
1952
1953
1954
1955

3,668
3,190
3,393
3,906
't,023
It.ise

Months:

1955-Janaar7.
February.
March

i^>nl
May
June

itie

357
394
335
332

77

3W)

90
113

July
August....

335

UO

353

81

SaptesBber.

331

82

October. .
lorember.,

321
320
355

78
89
115

Decennber .

FlBoal years:
1952
1953
195k
1955

30
360
665
1,130

Calendar years:
1952
1953
I95U
1955

lae
It6s

866
1,177

Months:
1955 -January.
February.
Neroh

ApMl
May
June

Souroe:

155
108
125
112
87

July
Anguat...
Septenber

103

October..
NoTember.
Decamber.

83
75

97
83

71

Daily treasury statsMnt; Bureau of the Fuhllo

BeW.

52,W7
5,032
It

,887

It,

307

11,377
11,821

5, lilt

5,218

Total

(Continued)

33

February i95b
.UNITED STATES SAVINGS BONDS.

Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In aillloas of dollars)

.

.

,

.

Treasury Bulletin

3"^

.UNITED STATES SAVINGS BONDS.

Table 5.- Sales and Redemptions by Denominations, Series E and H l/Ooaiblned
(In thouaazide of pieces)
Total, aU
denaaiaatlone

Period

$10 2/

»25

$50

$aoo 3/

$100

$500

$1,000

y

$5,000

yiacal years!

1,U9,078

19W-U7

igM

58,971
64,576

19'»9

1950
1951

61i,301»

1952
1953

74,136
80,485
85,'H9
85,342

64,299

195l> 6/.

1955

y.

19,823
522
394
335
1

781,680
36,146
39,400
39,150
1*1,751

163,254
9,901

U,425
11,841
11,786

123,264
7,777
8,550
8,654
7,649

2,111
816
916
917
786

15,'t63

13,'»84

1,571
1,569

2,238
2,322
1,995
1,290

720

948
1,243
1,411
1,578

1,076
1,462
1,708

16,185
1,603
1,514
1,257
951

I4,4l6
2,352
2,213
1,703
1,139

1,042

1,470
1,648

1,191
1,590
1,809
1,980

8
22
44
56

245
195
201

8

1,1*13

1,036

1
16
33
56

50,701
54,380
56,903
55,164

13,129
14,372
15,686
16,37't

7,559
8,211
8,810
9,315

799,913
37,659
39,572
39,050

168,088
10,640
11,825
11,660
12,148

126,974
8,246
8,688
8,253
7,430

2,490
879

52,80s

13,773
15,235
15,912
17,323

7,721
8,606
9,006

726
843
862

9,71*8

916

1,442
1,263
1,526

859
748
885

87

84

177
142
157

1,378
1,385
1,492

765
790
817

70

X2>>

126
130

171
149
146

5

7"*

778
837

77
78
73

162
163
141

5

813

140
142
126

791*

854
884

1,9'*5

Calendar jeare:
1,148,194
61,813

20,128

19'>9....

65, U8

1950....
1951....

62,929
68,069

371
141
1

1952
1953.....
195^
1955 p..,

77,271
84,390
84,972
87,316

19ltl-'t7.

19UB

1955"J"nuary..

1*35

56,71*3

55,850
55,618

933

865
738

1,31*2

7,640
6,611
7,997

"*,8l9

April.
Ma;...
June..

6,998
7,324

4,473

7,1*83

4,816

Julj
At^UBt
Septenber.

6,950
7,263
7,242

'*,397
"*,565

1,390
1,418
1,519

October p. .
Novenber p..
December p.

7,046
6,977
7,984

1*,475

1,'*35

74
73
79

125
122
127

4

1,441
1,634

795
792
870

137

4,409
5,132

13"*

138

3
3

Irceptlon to date p

1,71*0,071

1,182,875

276,605

19'*,673

9,251

27,012

28,393

129

265
246
284

3,308

2,557
1,004
1,035
1,088

March....

.

4,182
5,135
11,591*

4,621

21,076

73

76

5

6
4
4

4
4

Bedenptlona J/
FlBcal y«ar«!
1941-47.
1948
1949....
1950....
1951....

558,470

1952....
1953....
195"* 6/.
1955'6/.
6/

11,674
2,052
1,369
1,017
701

432,866
65,331
54,809
52,101
54,840

71,680
14,302
12,623
12,346
14,134

36,U9

76,403
81,983
90,387
89,7^9

443
313
263

51,649

62,941
61,049

8,777
8,840
9,480

349

12,662
13,535
15,084
15,650

607,597
85,888
76,933
79,176
77,202

12,849
1,595
1,217
835
549

467,540
59,265
52,996
53,087
51,552

79,095

80,420
85,582
92,340
88,699

375
282
277
424

55,000
59,519
63,850
59,639

13,285

7,104
5,780
7,667

32
26

4,709
3,912
5,200

1,21*3

860

33

1,013
1,359

641*

7,623
7,573

5,164
5,075

1,367
1,353

826
857

8,17'*

35
35
39

28
37
35

5,1*53

1,1*55

948

7,766
7,820
7,715

37
40
38

5,196
5,260
5,178

1,392
1,421
i,4oe

878

October p. ..
NoTember p..
December p..

6,862
6,91*7

35
36

7,667

37

4,602
4,658
5,233

Inception to date p

1,273,837

18,403

922,448

93,1*38

79,646
76,109
82,875

56,731*

9,387
8,450
8,155
9,911

331*

466

1,U5
1,077
1,069
1,351

1,2U

1,472

9,911*

371
342
357
396

1,112
1,151
1,210

1,291
1,106
1,109
1,177

40,864
9,086
8,065
9,081
9,079

378
273
302
404
420

3,846
1,134
1,046
1,220
1,244

3,024
1,065
1,025
1,292
1,359

8,991
9,038
9,858
9,842

356
347

1,191
1,115
1,192
1,225

1,220
1,089

111
78
101

116
79
101

99

97
109
119

Calendar yeargl
1941-47.
1948....
191*9....

1950....
1951. .
.

1952...
1953...
195"*...

1955 P.

1955-JQnuary..
Februftiy.

March....
April.
Hay...
June..

July
kvgvet
September.

..

35

13,1*70

12,284
13,257
13,000
ll»,191

15,643
15,887

631*

373

454

36
39

108
121

38
39
39

112

852
853

1,247
1,265
1,370

757

35

752

1*7

781

190,112

113,905

Hote: These figures ere estloatee, based on daily Treeaury statement and
reports from Federal Beserre Banks and Bureau of the Public Debt.
Sales of Series H bonds began June 1, 1952.
Sale vas authorlied in June 1944, to Armed Forces only, and discontinued
after March 31, 1950.
Sales began in October 1945.
Sales of $10,000 denomination Series E bonds vere authorised on May 1,
1952, and $5,000 and $10,000 Series H bonds on June 1, 1952.
2/ Beginning In April I95I*, Includes sales ani redemptions uf $100,000

1/

1,11*5

1,221

MS

112
103

103

101

50

94
94
99

92
95
98

3,308

13,212

12,440

denomination Series E bonds vhlch are purchaseable only by trustees
of employees* savings plans.
See footnote 6 to Tables 2 and 3
Includes eiohanges of matured Series E bonds for
Series O bonds beginning May 1951 and for Series K bonds beginning
"oBxiuune no;
May 1952.
xv^.
Less than 500 pieooe.
Preliminary.

. .. . ..,

.. , .

..

35

February 1956
.UNITED STATES SAVINGS BONDS.

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

^

Combined

(In thouaende of doLlers at issue price)

1955

Inception
through
Dec. 31,
1955
.

I

I

8211,016
283,2142
lt9H,272

Alabama .
Arizona..
Arkansas

5,8311,713

California..
Colorado. . .
Ccnnecticut.

635,900
1,308,028

Delaware
District of OolimAla.
Florida

18U,162
933,011t

979,8311

930,577
22U,626
6,527,360

OeoiBla
Idaho
Illinois
Indiana.
Iowa. . .

Kansas .
Kentucky .
Louisiana.
Maine

Maryland
MaasachusettB
Michigan

.

.

.

New York
North Carolina.
North Dakota...

3,61*5
1,621.

2,891

31,051*

35,913

3,565
5,363

3,1*58

29,180
3,337
5,775

851*

1,117
l»,023

10,073

6,127

1,085
3,623
7,196

l.,767

'.,1*09

l*,7l.9

1,515
60,061

1,171*

1,073

1.2,352

50,61.8

1,021
U3,288

9,073

10,91.1

S7l*,270

6,123

822,558
323,236

li,720
1,I*B7

199,788
3,023,135
187,911

1,81.1.

1*,920

13,231
13,639

999,71'*
2,ll20,900
I>,395,186

6,332

3,61*1*

18,220

93,1*99

.

1,119
3,173
6,095

3,561.

2l<,987

l,l81(,911<

Hew Hampshire.
New Jersey ...
Hew Mexico .

6.1.36

3,560
1,920
3,086

5,281
2,029
2,689

2,17't,899
1,275,33't

lil2,lliB

Montana
Me^reaka.
Nevada..

30,808
3,578

May

2,233,960

1,659,655
506,018
2,189,916

Minnesota. .
Mlssleelppl.
Missouri. ..

3,908
1,637
3,815

Apr.

5,817
3,982
1,216

5,636

l.,973

9,66l»

10,031.

25,698

25,11.1.

9,1*75

3,935
16,120

7,963
2,722
15,086

17,006
20,555
15,379
5,921
11,1.29

1,588
5,693
10,788
29,025

8,801
2,711
15,877

2,861.
12,1*31

li72

677

713

751.

16,160
1,213

9,506,U97
959,057

59,769
5,lWt

1.2,812
l*,786

1*17,628

2,51*1

2,568

29,960

3,303
5,132

3,131

2,978

3,279
5,657

23,815
2,972

1., 1.1.6

887

925

966

3,151.

3,51.8

3,091*

6,175

5,598

5,668

3,875
905

l.,178

816
38,396

1*,185
1,101.
U2,1.62

35,851*

756
16,627
1,039

".,567

969

751.

1.1,508

36,531*

37,110

3l.,936

ll.,OUl

12,81.7

13,006

13,311

U,579

12,51.7

U,392

U,351

11,81.9

13,313

7,798

6,770

6,805

6,172

6,U6

5,1*82

l.,857

3,898
1,588

3,581.
1,1.27

5,059
3,536
1,333

l*,257

5,332
3,687
1,550

14,21.5

3,196
1,1*9

3,501*

l.,678

U,9l*9

l*,987

9,1.87

9,587
27,889

5,099
9,186
25,527

5,035
8,896
23,961

5,1.37
10,l;00

6,652
28,078

5,018
8,820

25,262

7,685
2,179
13,386

6,689
2,189
U,7!.8

U,975

7,371
2,036
11,726

2,157
12,878

2,157
7,728
668

1,806
6,872

2,298
9,566

5,058

1,1*01.

1,152

30,113

6,588
2,151
13,869

7,279
2, 161

8,161

lli,l*32

13,281

2,201*

2,1*1.3

2,173

8,258
797

7,061

6,281*

1*72

662
16,028
1,077

2,311.

591

26,!.25
7,91.3

2,186

1,712

8,1*16

2,093
7,079
565

2,1*67

61.1

796
18,813
1,066

6,767
723

887
16,955

858

810

71.1

788

16,1.01.

16,261.

15,107

15,1*77

1,281.

1,090

991

1,011.

9U5

37,577
3,287
1,773

37,955

38,195

It, 1*1*5

'*,131

2,598

2,561

2,1.96

29,166
5,031
3,311

30,206

32,871.

5,1*65

2,728

6,653
3,503

1*2,509

W.,132

39,1*90

1.0,132

Ul,879

37,1.29

U,6U3
1,930

1*,1U8

l.,30l.

1,622

3,921*
1,891.

l*,02l*

1,886

3,8U3
1,985

1,71*5

1*1,156
l.,387

31., 168

26,301
5,128

28,861.

26,777

5,1*25

5,127

l.,78l

3,986

3,960

2,91*3

3,831.

5,588
3,966

5,301*

3,11*5

3'*,117

1*3,377

1,1*73

2,21.0

1,870
1,970

1,379

2,506

1,1*91.

1,766

1,518
2,202

1,919

,911
1,012
2,102

31*, 91.6

1,51*1

38,375
1,501
2,001

1,1*72

1,629

37,298
1,385

397,701*
1*80,629

39,395
1,920
2,321

36,1.08

3lt,l*91

Ult,3l*8

37,792

35,291*

6,1*1*9,115

3,018
3,778
13,788

2,756

2,607
l.,212

2,563
3,533

2,828

l.,051

13,81.1

16,196

13,1*51*

2,716
3,515
32,833

17,1*17

1,525

1,61.U

1*79,938

33,509
7,016

31*

1,691*

2,31*5

2,078

3,331
6,059
17,602

3,1*27

It,

019

3, 1*1*0

5,123

l.,861.

5,027

20,551*

15,130

ll*,38l

3,509
3,657
15,152

1,537
376
6,816

1,308
389
6,008

1,368
357
6,108

1,259
U81
6,530

1,1.22

1,091

521
7,239

393
5,753

1,330
395
7,258

6,l81*
U,81.7

5,868

5,1*01*

5,886

5,71.2

5,159

7,561

5,035

1*,082

l.,227

1*,290

l.,673

1*,609

5,1*11

l.,262

13,660
802

10,088
760

11,855
762

12,550
81U

10,796
753

10,566
623

10,571
922

South Dakota,
Tennessee. . ..
. exas

892,923
2,959,823

"tah
Venaont
Ylrglnia,

320,081
113,108
1,333,673

1,327

1,31.5

1,771

1*56

1*31

1*1.8

8,082

6,668

7,1.29

1,1*26,51*0

6,777
5,185

7,723

U,1.7l*

:i2,1.35

165,570

8,060
8,727
15,195
1,205

1,165

910

50,208

193

356,351*
1*9,530
2,351*

1,126
175
h

105
1,179
175
9

307
1,612
175
18

16U
1,133
192

111
1,370
236

13

2

286
957
126
6

-.39,1*1*5

-.6,107

«9,29l.

-l*,939

+19,907

+30,322

77l*,38l

1,859,1*81

l.,727

U,5U2
13,975

2,572
U,081t

1*33

1.11*

5,980

6,822

U,688

6,298

U,825

11,097

8U9

71.0

306
816
150

128
1,760
171

11.

6

+21.1.

+6,51.2

-8,61.2

1.0li,302

39l.,88l

1^5,325

215

267

1,103

1,311.

251

231

9

5

135
1,015
203
10

+19,0:12

+11*, 907

+30,058

311*

1,222
123
15

3l*,l<68

Adjustment to dally
Treasury stytement..

+1,699,596

Total.

81,720,01*5

Source:

3,957
1,075

l.,357

5,1*31*

Pennsylvania. ,
Khods Island...
South Carolina.

Canal Zcne
Hawaii
Puerto Bico
Virgin Islands
Other possessions

1*,'.27

7,018

29,983

850,965

Wyoniing

3,982
956

3,11.3

32,861
6,569
3,517

990,1*1*1

.

1,113

23,750
5,077
3,185

5,013,196

Washington, ,
West Virginia,
Wisconsin

912
3,730
5,828

6,111.

3l.,705

3,31.5

677
15,810
1,203

I.,

651.

5,151*
3,51*8

5,328
9,055
25,279

3,11.3

5,393

32,211*

Ohio
Oklahoma.
Oregon, .

.

6,013

7,522

3,265

796
17,658
1,101

29,521*

8,31*9

12,1.85

71*6

27,21*7

12,576
6,229

3,337

97U
22,193
1,382

2,339

22,51.5

12,155
7,213

10,91.2

1,179
6,307
5,265

2,521*

25,581

13,771.

3,716
9,598

1,305
3,501
5,988

2,258

2,1.81*

12,351.

ll.,751

8U.
3,533
5,582

3,967
1,659

12,966

7,961
2,363

23,100
3,060
5,205

30,098
3,599

705

1,1*55

15,720

l.,893

3,915
1,572
2,292

4,007

1,1.62

11., 833

8,898
27,568

3,876
1,313
2,171

3,797
1,387
2,755

3,578

1,195
2,551

l.,072

13,651*

5,869
3,762
1,502

Sept.

Aug.

July

573,132

1.6U,866

5l8,l.U0

ltU7,722

Federal Eeeorve Banks
Daily Treasury statement and reports from

1.19,198

1*28,1.95

1/

1.38,606

1*39,381*

Ul3,98l.

Sales of Series H hegan June 1, 1952-

. ,.

.

36

Treasury Bulletin
.TREASURY 3AVIHCS NOTES.
Ireaeury tax and savings notes have been Issued as
follows:
Tax Series A from August 1, iglll, through
June 22, IShj; Tax Series B from August 1, 19'H, through

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.

September 12, igUS; Savings Series C (originally designated
C ) from September l4, l^kS, through August
31,

Tax Series
I9'+8;

May

Savings Series D from September

ll+,

igllg,

through

1951; Savings Series A from May 15, I95I,

through

1,

In the following tables sales and redemptions
of
Treasury savings notes are shown 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

May Ik, 1953; Savings Series B from May I5,
1953, through
September 25, I953; and a new Savings Series C from
October 1, through October 23, 1953, when 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 I953 issue of the 'Treasury Bulletin," page A-1.

Table

1.

has ceased.

Sales and Redemptions by Series, Cumulative
through December 31. 1055
(In nlllionB of dollars)

Series

BedeB^tloiis

Sales

Total
Series A (tai series).

U07i/

for oaah

1*07

Series B (tai series).

68 i/

lt,9W.

Series D

i/

32,1.35

12,333

12,331

Series A

9,187
Series B

k,671

Series

21,393

2

3,067

2

9,261t

9,13l>

t.TlK)

'»,39l»

3,770

889

675

*,659

6^.^

__554___

Total.

29,62a

O*'"" of the Treasurer of the
w"^"",
1/ includes exohaneee

u. S.; daUj inaaxay statement
In conneotlon vlth the'oS^Snn^S^t^*?^"*
l9te

Table 2.

lt,76l

4,659

660

Matured
debt

339

183 i/
n,0l*3

Series C
32,1*38

Aaomt cute tending
Intepsst-hearlx^
debt

Tar tazss

36

16
12

121

5

31., 964

36

38

of Tax Series A-19U5 ai^ Series C.
Leas than $500,000.

Sales and Redemptions by Periods, All
Series Combined
(In
mllllona of dollars)

Rede^tlons 1/

Period

Total

Amount outstanding

For cash

For taxes

8,043
2,079
1,510
4,633
3,437

25,120

Fiscal years:
19112 -48.

Interest-bearing
debt

Matured
debt

.

37,593
3,994
6,150
5,142
4,965
4,224
2,591

1949
1950
1951
1952
1953
1954
1955

33,164
3,532
2,549
5,799
6,174
6,388
1,963
3,168

'»,307

1,U4
2,696

1,1»53

1,039
1,166
2,737
2,082
849
472

4,394
4,860
8,472
7,618
6,612
l',453

35
32

20
18
14
10

5,079
1,913

u
66
49
40
47
26
20

9

Calendar je are:

Ml -48

39,796
5,971
3,613
5,823
3,726
5,730

1949
1950
1951
1952
1953
1954
1955

,

Months:

35,157
2,951
2,592
6,922
5,510
5,482
1,469
4,502

9,356
1,584
1,802
5,657
2,564
3,699
918
4,042

25,802
1,366
790
1,265
2,946
1,783
552
460

4,572
7,610
6,640
7,534
5,770
6,026
4,548
36

28
38

50

6
6
90

4,498
4,443
',318

22
18
13

4,279
2,804
1,913

11
10

1,655
1,202
399
81
65
36

9

1955">Tanuary.

February.
March

Apnl.
May...
June..

July
August ....
September.
October...
NoTomber. .
December. .
Source:

Office of the Treeaurer of the
U. S.; dally Treasuir
statement

56
59
129

54
39

42
1,476
891

28

14

1,469
600

7
291

250
451

9

259
453
771

324

21
20

752

19

311

13

21
19

1/

3

1
1

Includes both matured and unmatured
notes.

9
8
40
35

29
38

Fcbruanj

i'^ih

37

.OWNERSHIP OF FEDERAL SECUEITIES.

Table 1.- DlBtrlbutlon of Federal Securities by Clasees of Inveetors and Types of Issues
(In millions of dollarg)

U

1
U

.....,.
,

8
9

3
7

.

U8

77

Treasury Bulletin

38

.OWNERSHIP OF FEDERAL SECURITIES.

Table 3.- Estimated Ownership of Federal Securities
(Par Talues 1/ - In Mlllona of dollara)

Total
Federal
eecurltleE
outstanding 2/

Sid of
month

Connner"

clal
banka

3/
1939-December,

.

19Ul-June
December...

19lt3-Jiine

December..

December.

.

19115-June

December...

19U6-Febmar7 2/
June
December.

,

. .

19U7-jvine

accounts k/

6.3

3.1

2.2

.It

.7

16.1
17.3

2.5
2.2

7.1
7.6

22.8
23.9

10.1
10.6

2.6
2.8

7.5
7.8

6.5
6.9

3.1
3.2

2.1
2.0

.ll

50.9

18.6
19.5

.5

.7
.7

21.8
23.7

19.7

2.2
2.3

25.0
31.0

11.2
13.6

7.6
8.2

7.1

3.lt

.7

3.7

2.0
U.O

.6

8.2

.7

.9

77.0
112.5

28.7

26.0

3.9

I1.9

.9

'•7.3

Itl.l

2.6
6.2

8.5
9.5
10.6

3.6

21.lt

lt.5

10.1

1.0

1.1
2.3

1UO.8
170.1

sg.it

52.2
59.9

7.2

llt.3

71.5

11.5

83.3

68.lt

llt.9

17.8
23.7

9.1
«.lt

16.9

67.0
81.7

30.9
37.6

2I1.7

100.2
Ult.O

It6.1

59.1

9.2
11.3

11.7
12.9

13.1
15.1

5.3

12.9
l6.lt

1.5
2.1

3. It

6.1

31.2
36.2

111

17.3
19.6

7.3
8.3

20.2

3.2

6.1

21.lt

lt.3

7.0

18.5
21.2

22.7

23.3
22.2

8.3

2lt.O

9.6
10.7

5.3

6I1.1

ltO.7
iia.9

6.5

9.1

20.8

2lt.lt

11.1
11.5
11.8

19.9
17.8
15.3

6.7
6.5
6.3

8.9
8.6
8.1

19.2

96.5

77.7

18.8

259.1
278.7

106.0

8lt.2

21.8

2lt.9

U5.0

90.8

2lt.3

27.0

128.2
136.6

279.8
269.9
259.5

116.7
108.2
97.9

93.8

28.0
29.1
30.9

135.1
132.6
130.7

6I1.I

it3.3

63.3
6U.2

lt3.5

19.9

7lt.5

22.9
23.8
23.3

ltJt.2

20.1

2lt.9
2lt.9

258.lt

133.7
131.3

66.6
65.7

130.7
129.7

81t.li

6lt.6

21.lt

35.8

December....

85.9
85.8

62.5

23.3

37.3

252.8
257.2

ee.h
85.7

63.0
66.8

19.3
18.9

38.3

257.''

83.9
82.6

65.6
61.8

18.3

20.8

December.

8.7
10.3

19.1
21.7

252 .It
252.9

1950Vune

5.11

37.7
53.0

12.2

32.8

. .

i/8/

8.2

21.9
22.6

December.

Miscellaneous
Inve store

1.9

70.0
68.7

I9't9-June

banks

State and
Corpora- local
tions 6/ govemments j/

10.1

91.9
91.3

19W-June

eavljigs

22.7

257.0

,

.

SavlDgE
bonds

Mutual

6.5

.,

December.

Insurance
ccmpanies

2.5

202.6
232.1

19l(lt-June

private nonbank Investors

15.9

55.3

December...

"b?

Individuals 5/

18.1.

61t.3

19'ta-June

Federal
Beeerre
Banks

U. S.
Goveminen't
tnTeetzaent

U7.6

19l*0-June

December. .

Held

Held by banks

53.3

.9

17.1

I15.5

21.1

2lt.6

k6.S

i9.lt

23.9

12.1
12.0

13.7
lU.l

65.8
65.5

kj.l

18.6
17.6

22.8
21.2

12.0
11.5

13.6

132.2
132.1

66.6
66.3

It8.8
lt9.3

17.8
17.0

20.5
20.1

37.8
39.2

135.6

67.U
66.3

lt9.9
I19.6

17.6
16.7

Itl.O

U2.9

lt9.1
lt9.1

31t.lt

39.lt

It7.8

U.li

7.1

9.6

7.3

8.1t

lit.

7.8
7.9

8.7
8.9

11.6
ll.U

15.8
16.8

8.0
8.1

9.11

19.8
18.7

11.6
10.9

l8.lt

16.3
15.5

17.1
16.5

10.2

9.8

19.7
20.1
20.7

9.6

10.7
10.6

9.6
9.5

18.8
19.9

10.lt

n.6

U.l

11.7

l8.lt

12.0

21.0

12.

\2.8
13.2

21.0
21.6

13.0
13.0
13.3

13.6
13.9
33.8

13.5
13.7
13.9

13.7
13.8
33.7

8.7
8.8

9.6

9.7

. ,

256.7

1951-June
December...

255.3
259.5

8l.lt

58.lt

85.

61.6

23.0
23.8

112.3

131.8

65.lt
6lt.6

1952 -June
December...

259.2
267. Ii

eit.o

61.1

22.9

ltlt.3

130.8

6I1.8

19.0

15.

88.1

63.lt

2lt.7

115.9

133.lt

65.1

lt9.2

16

15.7
16.1

1953^une

266.1
275.2

83.6
89.6

58.8
63.7

2lt.7

lt7.6
It8.3

66.3
65. It

119.3

25.9

135.0
137.3

17.
16.

16.0
15.8

9.5
9.2

21h.9

88.8
87.6
85.5

61t.l

2lt.6

it8.3

It9.lt

2lt.5

lt8.3

16,
16.

1<8.2

65.5
65.6

lt9.lt

2lt.6

137.9
139.0
136.6

65.3

63.1
60.9

lt9.lt

16,

15.7
15.7
15.6

9.2
9.2
9.2

65.1
65.5
65.0

lt9.5
I19.5

15.7
16.0
15.5

15.6
15.5
15.3

9.2
9.2
9.1

15.1
15.1
15.1

9.0
9.0
8.9

16.

18.1
18.1

13.8
13.9
13.8

13.7
13.6
13.7

15.1
15.0
15.0

8.9
8.8
8.8

18.7
19.3
19.3

13.9
13.8
13.8

llt.O

15.2
15.2
15.0

8.8
8.8
8.8

20.0
21.2
19.0

llt.3

13.9
13.9

llt.5

lit .2

15.0

8.8
8.8
8.7

20.1
21.2
18.8

lit

8.8
8.8
8.7
8.6
8.5

December.

.

.

.

.

195^-Januflry

February .
March

27't.9

270.3

271.1
273.6
271.3

87.1

62.5

2I1.6

lt8.2

88.2
88.7

63.lt

2lt.8

It8.5

63.6

25.0

lt9.3

135.8
136.8
033.3

July
August
September .

271.0
275.0

89.1
91.1

61t.8

2lt.3

lt9.2

132.6

I19.6

I3lt.l1

lt9.7

15.1
15.0

27't.8

9i.it

2lt.0
2lt.3

119.5

.

67.1
67.1

lt9.lt

13lt.O

lt9.7

lit.

278.8
278.9
278.8

911.5
9lt.6

70.1
69.7
69.2

2lt.lt

lt9.3

135.0

lit.

2lt.9
2lt.9

119.11

13lt.9

6lt.5
6I1.2

I19.8

. .

lt9.9

11*.

19.6

135.1

61t.2

50.0

lit

278.5
278.2

92.6
90.6
87.8

68.7
66.9

23.9
23.6
23.6

lt9.lt

136.5

61t.li

Ii9.2

i38.lt

61t.9

136.9

65.5

50.0
50.1
50.2

llt.5
llt.9

lt9.lt

89.U
88.5
87.1

65.8

23.6
23.7
23.6

I18.9

138.3
139.6
136.7

65.5
65.5
65.3

50.2
50.2
50.2

15.3
15.3
15.1

50.6
51.6
51.2

139.1

65.5
65.6
65.8

50.2

15.3

111.

50.3
50.2

i5.lt

15.0
15.0

51.0
51.6

ite.l

65.8
65.8

50.2
50.2

15.6
15.6

..

1955-January
February
March

,

2711.

April
May
June

July
August
September.

2/

2/

y
5/

It9.lt

April
May
June

October
Rovamber.
December.

1/

13lt.9

276.7
277.5
27I1.I1

..

277.6
278.
277.5

October. ....
HCTember p..

279.9
280.2

9lt.l

87.9
86.lt

85.9
86.8
85.9

61t.2

61t.8

63.5

63.8
62.7
62.1

21t.l

62.7
61.6

2lt.0

23.8
23.8
2lt.3

lt9.5

50.5

lltO.lt
lllO.li

llt2.7

united states savings bonds. Series A-F and J, ere Incluled at current
redemption value.
Securities Issued or guaranteed by the U, S. Government, excluilng
guaranteed securities held by the Treaaury. For amounts subject to
statutory debt limitation, see page 1,
Consists of ccnmerclal banks, trust ccnpanlee, and stock savings banka
In the United States and in Territories and Island poesesslons. Figures
exclude securities held in trust deparlaEents
Holdings by Federal land banks are Included under "Miscellanoous Investors" instead of "U. S. Government Inves-taaant accounts" after
June 26, 19lt7, when the proprietary interest of the United States In
these banks ended.
Includes partnerships and personal truat accounta. nonprofit Inatltu-

1/
8/

2/
p

I19.5

.2

15.3

15.6

llt.9
lit.

111

.9

IU.8

19.2

18.7
19.1
l6.lt

9.I1

lU.l

.6

10.5

13.8
13.9

llt.lt

lit.

lll.lt

lit.

lll.ll

19.9
21.0
20.9

15.0
15.1
15.1

15.0

22.2
22.8

15.3

15.2

i5.lt

15.11

15.0

U.9

tions and corporate pension trust fui^a are incluled uMer "Miscellaneous Inveetors."
ErclufllTe of banks and insurance ccapaniee.
Consists of trust, sinking, and Inves-bnent funds of State and local
govensnents and their agencies, and Territories and island poeeeesiona.
Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, anl investaoents of
forel^ balances and International accounts In this coimtry. Beginning December 19lt6, includes Investments by the International Bank for
Reconstruction and Developnent and the International Monetary Fund In
special nonlnterest-bearlng notes issued by the U. S. Govenment.
Immediate postwar debt peak.
Preliminary.

February 1956

39

.TREASURY SUEVHf OF OWBIESHIP. NOVBMBH? 30, 1955.
The Treasury Survey of Ownerehlp covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
Data were first published for
the United States.

March

Jl,

igl+l,

In the May IjlH "Treasury Bulletin."

Section

I

-

Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-

bank classes and nonmember banks are published for June 3"
and December Jl. Holdings by corporate pension trust funds
are published quarterly and first appeared IntheMai-ch

Bulletin for quarters beginning December 3I,

Securities lesued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values

-

In mllllonfl of dollars)

19'^9-

195'''

:

)

:

ko

Treasury Bulletin
.TREASURY SURVEY OF 0WN5ESHIP, N0VH4BER 30, 1955,

Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues

Section

I

-

(Par values - In mllllona of doUara)

Held by Inreetors covered In Treaaury Survey
leeue

(Tax BtatuB 8/ ie ahoun In parantheeaa)

Total
anouDt
outstanding

Treasury blllfl

Bisuraoce ccctponles

52U

6,771
canmerclal
banks 2/

^

mutual
savlogs

2/

banlca

taxable

20,812

2,369

127

(taxable)
(taxable)
(taxable)
(taxable)

5,359
2,20e

762

21

181.

1,1*86

UO

(

312
life

699

592 fire,
casualty,
and marine

U. S. Govemnent
InTes'bnent

accounts and
Federal Be serve
Banks

113

1,597

35
16

2,61.1

Held by
all other
Investors

15,908

Certlflcatae of ladBbtedaeaB

1-lA* December
1-7/8
2
2-l/lt

March
June
June

1955-E
1956-A 10/
1956 -B iO/
1956-0 10/

Total oertiflcatee of Indebtedness

2,970

71.7

2
5
6

12,017

1,803

31.

6,851.

1,301
1,120

1.6

8,1.72

1,007

5

12,51.7

1,170
22

1

1,897
1,996
1,361.

18

2,197

77

2,6U3

7,1.51.

52

3,371
.,029
1,000

2,070
3,262

20

1.9

7,1.61.

*
66

2
115

500
22

3,ShO
26
1,297

23
23

119

11

U9

5

Treaaxiry notes

1-3A* December

1955-B
1956-A

1-5/8
1-1/2

March
April

1956-E,\

(taxable)
(taxable)
(taxable)

a

2-7/8

Ai«uat
October
March

1956-B
1956-BO
1957-A

(taxable)
(taxable)
(taxable)

1-1/2
1-5/8

April
May

531

21

AugijBt

(taxable)
(taxable)
(taxable)

l.,I55

2

1957-EA
1957-B
1957-C

3,792

2,11.3
2,131.

1-1/2
1-1/2
1-1/2

October
April
October

1957-BO
1958-EA
I958-BO

(taxable)
(taxable)
(taxable)

383

21.2

121

81

1-7/8

February
April
October

1959-A
1959-KA
1959-BO

(taxable)
(taxable)
(taxable)

5,102
119
99

3,599
69

1-1/2

61.

1-1/2
1-1/2

April
October

1960-EA
1960-BO

(tasable)
(taxable)

198
66

128

25

1.6

k

I»7,8l7

13,712

290

67

1-1/fe

1-1/fe

Total Treaamy notes
Treasury bopda:
2-l/25t March
2-lA September
2-3A September

550
2,997

1,1.95

500

72

15

82
10

(taxable)
(taxable)
(partially)

1,1*9
3,821
982

799
2,716
626

23
35
1

March
June
June

1957-59
1958
1958-63

(taxable)
(taxable)
(partlallj)

927

1.36

13

l.,245

2,561.

lUl

919

825

December
June
December

1958
1959-62
1959-62

(taxable)
(taxable)
(taxable)

2,368
5,276

1,525
2,156
1,112

Rovember
December
September

i960
1960-65
I96I

(taxable)
(partially)
(taxable)

1,1.85

2,867
1,301

2,239

1,1.7".

2-1/2
2-1/2
2-1/2

HoTtsuber

June
August

1961
1962-67
1963

(taxable)
(taxable)
(taxable)

11,177
2,116
6,755

7,999
591
l.,687

2-1/2
2-1/2
2-1/2

December
June
December

1963-68
1961t-69
I96I1-69

(taxable)
(taxable)
(taxable)

2,825
3,753
3,829

507
570
1.93

1965-70
I966-71
1967-72

(taxable)
(taxable)
(taxable)

1.,T16

2,960
1,880

1967-72
1967-72
1978-83
1995

(taxable)
(taxable)
(taxable)
(taxable)

2-3A
2-1/2

a-lA
2-lA
2-1/8

2-3A
2-3A

2-1/
2-1/2
2-1/2
2-1/2
2-1/2

March
March
June

September
December

3-lA June
3

Pebruaiy

Total Treaauiy beads
Footnotes at end of Section

n.

3,1.61.

3,806

6
29

71I.

1

11
1,857
1,511
32

97
36

1.

1956-58
1956-59
1956-59

2-3/8
2-3/8

13

10

17

198

1.5

1,161

5

3

3

9

7

28
18
38
13

778

17,671

15,298

2

1.5

28

1.6

107

27

1.3

552
873

1.3

7

301.

15

31.0

123

258

35

36

1

1,219
56

76

20

691.

1«)9

573

131

10
122
119

252

71.3

1,651
1,106

29
1
l6l

99
65

18
•

38

U8

1(12

30

1.53

285
231.

3te
31

531.

1,051.

1.3

36I.

52

792
119
397

2,225

133

58
271

21.9

28

1,526

385

213

1.21.

762

1.29

211.

1.36

1,01.9

730

732

158

518

1,199

312
135
80

722
323
212

960
830
80

163

1,225
697

1,331.

107
1.9

11.7

2,716
3,806
1,606

1,1.39

183

85
126

2,71.5

225

127
100
363

15
190
105
302

201.

126

28
91

IW.
139

790
3,013
1,187
1,62U

81,865

35,607

6,222

.,796

3,592

6,378

25,270

1.2

(Continued on followlag page)

221.

1.91.

868
1,312

)

Februarij I'^ih

ki

.

TPEASUPT SURVEY OF OWHERSHIP, NOVOtBEH 30, 1955,

Section I - Securities Issued or Guareinteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(

Par Talues - In millions of dollars

Treasury Bulletin

1^2

_ TREASUET
Section II

-

SURVEY OF OWNIESHIP, NOVIMBER 30, 1955

.

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values - In millions of dollarB)

February

19%

^3

.MABKET QUOTATIOHS ON TREASURY SECUEITIES, DECEMBER 30, 1955.
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, as reported to

Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States

the Treasury by the Federal Reserve Bank of New York.

Government are excluded because they are not regularly

The securities listed Include all regularly quoted

quoted In the market.

Tabl el.- Treasury Bills (Taxablel
tmomt
out-

w

Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 30, 1955.

Table 4.- Taxable Treasury Bonds
(Price deoljEElB are 32nds)

outetandljig

February 1956

"^5

.MAFKBT QUOTATIONS ON TREASURY SECUEITIBS, DECEMBER 30, 1955,

5

ti

5«
OB

ss;

5.

o

II
s §

^^

in

O

£6

.

.

Treasury Bulletin

H6
-AVERAGE YIELDS OF LOKJ-TEIW BONDS.

Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per emnun]
Taxable
TrtAaury
bonds 1/

^Tlod

corponte
bonda

Amnml eerlea

19l«2

19l>2

2.l>6

2.*

19^.

1S*3

2. It?

2.73
2.72
2.62

19'>7.

2.U8
2.37

I9I1*
19115

Moody's Aaa
corporate
bonds

Taxable
Treasury
bonlB i/

Moodjr'e Aea

tfaroi^ 19^2

-

2.39

2.19
2.25
2.W.
2.31

I9W.
19't9.

July
Aug.

2.63

2.1*0

2.U7
2.56
2.63
2.65

2.57
2.56

Sept

Taxable Treasury
bonds, due or
callable

2.66
2.66

1951-Oct..
Hot..
Qeo..

2.78
2.87
2.88

195e-Jan.
reb..
Mar..
Apr..
May..

2.9"*

2.9U
2.88
2.8k

2.53

2.61
2.82
2.66

20 yeara
and after

2.89
2.96
3.01

2.71*

2.98

2.71
2.70

2.93

2.96
2.93
2.93

2/

Taxable Treasury
bonda, due or
callable

Period

Tt^

bonds

Moody 3 /aa
corporate
bonds

10 to

20 yews i/

2.32
2.57

1950.
1951.
1952.

2.62
2.86
2.96

2.68

arerages of dally series

2.57
2.61

oul'pul'ate

Froa 10 to
20 yeare 3/

-

2.61
2.66
2.70

2.61»

tTuoe.

Moody's

Taxable
Treasury
bonds 1/

calendar year averagee of monthly series

Monthly aeries JaiBai7 1951 through March 1953
1951-J«n.
Feb.
Hex.
Apr.
Hay.
J\na

Period

20 yeara
and after

2.61
2.70
2.71

1952 -July.
Aug..
Sept.
Oct..
Not..
Oeo..

2.7l>

2.71
2.75
2.80

1953 -Jan..
r«b..

2.9lt

Mur..

Moody'a
Aaa
corporate
bonda

Period

2.95
2.94
2.95
3.01
2.98
2.97
3.02
3.07
3.12

2.83

2.89

Taxable TreasuZ7
bonds, due or
callable

Fran 10 to
20 years i/

20 yeare
and after

Moody's
Aaa
corporate
bonds

Annual eerlea beglmlng 1953 - calendar year a:Teragee of monthly aerlee
1953.

2.92

1953-Apo-..

2.96
3.09

y

3.165/

3.20

3.2lt

3.23
3.3k
3.kO

^3^.

2.52

Monthly eerlea beginning April 1953
May..
Jine.
July.
Aug..
Sept.
Oct..
Hot..
Deo..

3.n
2.99
2.99
2.95
2.81
2.83
2.77

195k -Jan.
Feb..
Mar..
Apr..
May..
Jxne.

2.67
2.58
2.50
2.1*5

2.52
2.53

3.26
3.29
3.25
3.22
3.19
3.06
3. Ok
2.96

2.90
2.85
2.73
2.70
2.72
2.70

3.28
3.2k
3.29
3.16
3.11
3.13

3.06
2.95
2.86
2.85
2.88
2.90

195k -July.
Aug..
Sept.
Oct..
Hot..
Dec..

2.k5
2.k6
2.50
2.52
2.55
2.57

1955 -Jan..
Feb..
Mar..
Apr..
May..
Jime.
July.
Aug..
Sept.

2.66
2.72
2.72
2.77
2.76
2.77
2.88
2.91
2.88

We«]cly eerlee -

1955-July

2.71

-

2.90

1955.

2.80

2.9't

3.06

2.82
2.85
2.88

2.96
2.96
2.97

3.10
3.10
3.15

.89
.89

2.98
2.97

aTeragee of d*llj aeries
2.62
2.60
2.6k
2.65
2.68

2.68
2.77 6/
2.92
2.92
2.9e
2.91
2.91
2.96
3.02
3.00

2.89
2.87
2.89
2.87
2.89
2.90

1955-Oot.
Not.
Dec.

2.93
2.99
3.02
3.01
3.0k
3.05
3.05
3.11
3.13

aTer^ea of dally series for veeka ending

1.

Dally series - amelghted STeragea
1955-Beo.

2.96
2.96

3.12
3.13

2.8?
2.88
2.88
2.88
2.88

2.96
2.96
2.97
2.97
2.96

3.13
3.13
3.111

3.33

3.1k

1955-Dee.

12.
13.
Ik.
15.
16.

2.88
2.89
2.88
2.88
2.86

2.97
2.97
2.97
2.96
2.97

3.1k
3.16
3.17
3.18
3.18

19.
20.
21.

2.86
2.86
2.88

2.96
2.96
2.97

3.18
3.18
3.17

Beginning April 1953, liwasury bond yields are reported to the
Treasury by the Federal PeserTe Baxilc of New Yort:, based on cloeli^
bid quotatlcna In the orer-the-ooxaiter majicet. Yields for prior
periods wore ccuputed on the baals of mean of oloelng bid ar^ aak
quotations. For definition of taxable bonds, see footnotes to the
"Tlwasury Surrey of Ovnerehlp" In this lsei» of the "Treasury
Bulletin." Moody's InTeetor Serrloe for arerege of Aaa corporate
bonds.
Prior to April 1953, the single serlee on loi^-texm taxable Treeauxy
bonda Included the folloiflngl April 1952 throi«h March 1953, booda
neither due nor callable for 12 years; October 19kl thrtn«h March
1952, bonds neither due nor oallable for 15 yeara.
For a dlscwelon
of the ccaipo«lti<xi of these Treasury bend aTeragea, see the "T^aaury
Bulletin" for March 19kk, page 58.

Soiarce:

i/

2.88
2.87

1955-Dec. 22.
23.
26.
27.
28.
29.
30.

2/
.89
.90

1/
2.97
2.97
2.96
2.96

February I95b

^7
.AVKR/CE YIEIDS OF lONG-TEIW BONDS.

-

.,
,

M

Treasury Bulletin
.

INTERNAL REVENUE COLLECTIONS

Table 1.- Summary by Principal Sources
(In thouBande of doUare)

Flecal year
or BODth

Budget
receipts
from
Internal
revenue

Individual Inccane tax and employment taxes

Total
MJustaaent of
collections
to budget
recelpte 1/

coUectlons
reported by
Internal
Berenue
Service

Corporation
Income and
profits

Individual
Incase tax
not withheld 2/

taxes

Individual
Inccne tax
withheld 3/

Old-age
insurance
taxes i/

Kallroad
retirement

191*7

39,379,1*09

9,676,U59

1*1,853,1*85

4271,023
-11,057

39,108,386

191*8

l*l,861*,5te

10,171*, 1*10

191*9

1*0,307,285

-155,81*0

1*0,1.63,125

11,553,669

1950
1951

39,1*1*8,607

+1*91,1*75

38,957,132

10,85l*,351

51,106,095

4660,1*09

50,1*1*5,686

114,387,569

1952
1953

65,63l',89l*

4625,308
+l48l4,l*39

37,25l*,6l9

11,1*03,91*2

,672

69,9314,980

21,1*66,910
21,5914,515
21,51*6,322

33,738,370

70,170,971* hj
70,299,652
66,288,692

65,009,586
69,686,535

9,907,539
11,3U5,060

37,921,311*

10,736,578

66,288,6925/

18,261*, 720

37,869,770

10,396,1*80

35l*,629
27l*,5O0

3,283,303

2,239,01*8

996,937

16,1*11*

1*,583,312

3,1*71,502

6,812,1*52

3,093,755

63,921*
1*6,327

1*78,091

880,678
769,768
2, 371*, 701

1951*

1955

4-361*

21,367,662
23,379,123
20,527,935
19,797,883
26, 621*, 788

9,501,015

9,81*2,282

1,1*58,931*

9,l461*,20l»

11,533,577
10,055,502
9,888,976
13,089,770

1,612,721
1,687,151

7,996,320
7,261*,332

1955-Januftry..

l*,35l*,123

-1,1*50

1*,355,573

February,
March....

5,631,332
10,901,790

April.
May
June

5,787,520
10,909,930

-1,655
-1,571
-1,123
-1,776
+15,580

5,632,987
10,903,361
1*, 771,822
5,789,296

376,719

3,1*97,1*59
l*,l*71,9lH

10,89l*,350

6,201,1*03

3,719,955

I,li6l4,288

-186
-329
+515

2,801,1*16
5,1*03,908
5,915,11*9

51*7,085

1,377,399
1*, 131,592
3,868,030

277,1*18

327,903
1,099,882

391,600
292,961

1,1*81,638
3,922,281*

1*,770,699

. .

July
August ...
September

2,801,230

October,

.

2,763,21*5

2,763,21*5

Iforeober,

5,222,885

5,222,885

5,1*03,579
5,915,661*

672,61*2

1114,6714

1,6814,681*

179,957
9l*,l426

1,873,1*01
2,810,71*9

562,731*
51*8,038

579,778

620,622
628,969
3,816,252
l*,2l8,520
605,221
5,339,5735/ 600,106 5/
3,581*,025

17,929,01*7

21,132,275
22,077,113
21,253,625

379,555
560,103

V

2,257,86U
1,098,51*2

3,705,232
2,200,818
1,082,063
3,916,372
2,122,696
1,279,762
3,729,077

19,717
79,170
52,153

Uiiamploy-

ment
insurance
185,876
208,508
226,228
223,135
236,952

259,616
273,182
283,882
279,986
30,903
167,208
19,795
i*,i*98

ll*,898

2,695

15,1*81*

2,1*33

84,831*

15,711
768

59,882

18,060

3,859

814,769

11*, Oil*

February

19%

1+9

.INTERNAL REVENUE COLLECTIONS.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

1941

43

45

47

50

Treasury Bulletin
-INTERNAL REVENUE COLLKCTIONS.

Table 2.- Detail of Collections by Type of Tax
(In thouaandB of dollAiv)

First 5 months of
fiscal 78«r

Fiscal year

Tt^

of tax
195lt

CurporatlcD iascme sad profit* tazsa

1955

21,5116,322

Indindual lnc<ae tax and gigtloynant taxea:
iJKcoe tax not vlthlMld 1/

l8,261t,720

1955
(HoTtmber I95I*)

1956

2,585.655

g,659.'>31

288.972

1956
(Novomber 1955)

292.961

10,91.6,578

10,72 It, ISO

2,051,336

2,351,159

77,617

91*, 1*26

26,085,633

25,673, 1*90
592,068

12,U03,llt5

',531,231*

-1,555,701

13,899,321
-1,769,351

5,188,577

-l,217,9l*J*

-1,1*59,500

203,01*7

193,061*

55,361*

5't,950

38,6lA

283,882

597,262
2,8W.
279,986

39,515

69,965
36,785

39,122
15,292

1*6,155
lA.OlJ*

37,921,31"

37,869,770

13,196,291

U*, 780,91*3

3,500,681*

3.922.261*

863, 3U.

S^.''9g

33'.,102

373,832

6l,0W*

86,873

71,778

87,775

't,2't3

3,81*9

359

800

122,981*

3"*,011

787,391

177,736

U,639

37,833
185,718

1*,119

2,81*2

2,297

688

3'*,3l*6

7,506

805
8,515

371*

202

Ino<»o tax withheld and old-age Inauranoe : "z/*
RecolTed with rstume
•••.,.,,.
aidlatrlhuted dspoeltaiy recelpta j/
Sallroad retln^mt:
KecelTed with retuma
,.,,.
IlDllstrlhtrtsd depoeltai7 receipts £/
UlMHplojaent Inarcance .•,,,,.*,,,,,,,,,

Total IndlTldiial Incoae tax and enployiKnt taiae.

1955

Fifth month of
fiscal year

605,221

Estate tax

01ft tax.

y

Excise taxeal

Alcohol taxes I
Distilled spirits (Ijiported, excise)
Distilled spirits (daosstlo, excise)
]!!!!!!
Distilled spirits, rectification tax
!..!!!!!!!!!
"Ines, cordials, etc. (imported, excise)
!.!"!!
Wines, cordials, etc. (doneetlc, excise)
!!!!!!!
Dealers In distilled spirits; rectifiers; nanufactorers
of stills (special taxes)
Stamps for distilled spirits Intended for export!
!!!!!!
Case stamps for distilled spirits bottled In boi^
Container stamps
Floor taxes
!!!!!!!!*!
Pezmented malt liquors ....,...,,,,,...,
Brewers; dealers In malt liquors (special tales)!!."!!!

230,566
1,657,351
25,370
lt,152

"•,689

7'«,527

77,135

111,229
730,756
12,961
2, 061
33,086

l6,te7
31
1,088
13,013
306

16,977
8
519
6,212

11,820
11
663
5,530

10,100

52
329,1*39

15

5,U2

55
737,233
5,5W.

31*1,051*

•.588

3,211

27
53,708
1,06U

1
55,960
72

2,797,718

2,7l42,8iO

1,21*2,197

1,313,037

280,878

291.9^7

20,358
21

20,321

1*,272

1*,537

769,77''

Total alcohol taxes.
Tobacco taxea:
Clears (large)
Cigars (small)
Cigarettes (large)
Cigarettes (Ejnall)
Snuff
!!
Tobacco (chewing and smoking)...
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.

Total tobacco taxes
Other excise taxes.
Total received with returns anl from sale
of stajRW.
tlidlstrlbuted depositary receipts

y

2l»2,8li8

1,627,752
23,867

1*5,857

1*6,199

1(2

1*6

5

6
1 ,504,191
3,909

1,513,735
3,925
16,250
695

3

313
1,331*

3

19
2

628,81*1*

650,201*

1,531*
6,91*9

1,810

16,155

301*

6,1*88

693
12
2

1,305

363
8
1

317

83

73
1

1

1,580,512

1,571,213

658,oaa

679,166

123,51*8

136,01*1*

•,789,195

2,171,151

2,61*2,039

87U,637

1,112,903

9,532,222

9,103,21*7

1*, 071,1*29

1*

,631* ,21*2

1,279,061*

1,51*0,891*

-31*5,693

-500,351

-620,927

,288,51*9

778,713

919,966

22,106,603

1,629,772

5,222,865

111*, 687

69,93lt,98o

Adjustment to budget receipts
5/

So^lce
tlL ^*f"'^„B<'^«>«

•^56,373

n^^^

f^^^"?

oflL^ r"'°

1/

P^

2/

9,217,931*

3,815,056

1*

66,288,692

*36't, 67g
-291*

70,299,652

reports for detail of collections by
"'"''^'^ °^ Expenditures Tt ^
^*"°r'for°'"budget
STu^te^^tlf ""^^
OoTen™nt"
receipts from internal
revenue
Certain detail by type of tax Is available
only oTthe
basis of returns filed with the Internal
Bevenue SemoT. The
collections for credit to special accounts
\^i"^
for certain Island
possessions, as reported by the Internal
Berenue Service. Beginning with the
fiscal year 1955, they In°',*" -H-oted in Puerto Elco c^ ^^n^hLSse
or Puerto Bloan manufacture ccmlng
Into the united States
Flgia^s for 1951* have been revised to
the same basis
insurance tax on self -employment lnccB«,
lioposed
bTt^'L?.","*!*
by
the Social Security Act Anendments
of 1950 (Public Lai 73U
^moved August 28, 1950. The tax Is levleTaid ooUectedls '
of the individual Inccro tax beginning
with the taxable year
/°'" ""^^^^ TiBC^ year breaidown, see Teble 1.
i?»v:
Withheld
inccne tax and social security employment
on
^loyers and employees are paid into the Treaauiy taxes
in combined
MoiEta pursuant to the Social Security Act
Anendnents of 1950
For estimated fiscal year breakdown,
see Table 1

^J^

3

«

129,597
561
1,271

5,153,992

9,532,222

Budget receipts frcm Internal rerenue

1
117,572

3

Total excise taxes
Total colJaotloDs reported by Internal
ReTOnue Service.

I*

66,288,692

19,928,319

22,106,603

1*,629,1*78

5,222,865

under revised accounting procedures
effective July 1 1951* tax nar"'^ 4=P<=»lt«y receipts systei a^ InclSed
?^°^t^:,1Revenue Service
r""""
reports of collections In the month
ir,
which the deposltsiy receipts are
Issued instead of the month In which
tax returns supported by the depositary
receipts are received In
°'""»'
"a
the previous practice.
The "Undistributed r^'^'lt
depoeitajy receipts" Included in the
collections represent the
^"'"'^ ^"""^ ^^ P*rtod less the amount
w,^r!J^"°°^P*°
returns. In the case of excise taxes, It
Is not
ZlJllf
"^^ I^PO^""^ ""^IPt' "y type of'tex until the
ret^^ai!
'^"'"il^lJ, the amount of such undistributed
I ; l«=l>^i only
^°
the total of excise taxes.
! " °
P«o™nts also are Incluled beglmlng with the

"^^

m

v^r^

^^

«

^^vJ

r ,^
f2
^^L^..r°?

m

f.^^.^JT

mcS

yf^l^5°^*

^rcL'smid°°°

'^^'^'

See Table I, footnote 1,
LeB8 than $^00,

^°*''

°'

"^^

"^ «*"

^o -*

. .
«.

February

,

19%

51

.MDHETAEY STATISTICS

Table 1.- Money In Circulation
(in

aJUlone of dollars except

ae noted)

Paper money
End of fiscal
year or month

Total
money In
circulation 1/

Total
paper
money

Gold
certlfIcatee

2/

SllTcr
certlfIcatee

Treasury
notes of
1890
1/

United
States
notes

Federal
Peeerve
aotee

321
319
321
318
318

23,600

'•5

27,156
27,809
29,026

25,661
26,231

1*1

27,31*8

39
38

2,061
2, 061
2,177
2,092
2,088

30,125
29,922
30,229

28,359
28,127
28,372

37
35
5U

2,122
2,135
2,170

318
320
319

195'*-I>ecember.

30,509

28,675

35

2,11*3

1955-Januar7...

March

29,789
29,817
29,800

27,981
28,007
27,978

35
35
35

2,055
2,083
2,125

April
May
June

29,769
30,009
30,229

27,938
28,166
28,372

35

2,13"*

35
31*

2,160
2,170

July
August,. •.
Septemher.

30,21A
30,317
30,U22

28,379

3"*

2,155

28,1*39

31*

2,11*3

28,535

3"*

2,151*

October...
Nuwuiber.
December.

30,559
30,993
31,158

28,660
29,072
29,231

3"*

2,1U8
2,156
2,155

27,903

191*9

a7,'»93

1950
1951
1952
1953
195lt

1955

Pebrriary.

End of fiscal
year or month

1*3

31*
3"*

Standard
silver
dollars

Total
coin

99
93
86
81
77

23 ,209

353
309

22,760

27I4

23,1*56

21*3

21*, 605

221

25,609
25,385
25,618

200
180

73

163

67

311

25,91*5

171

68

303
312
313

25,350
25,339
25,269

169
169
167

68
68

316
320
319

25,220

165

25,1*19

161*

25,618

163

317
317
316

25,6W4
25,717
25,806

l6l
160
158

67

318
319

25,936
26,3U0
26.506

157
156
155

66
66

31"*

Subsidiary
allTer

National
bank
notes

y

26,1*82
26,0311

igije

Federal
Beaerve
Bank
notoe

Minor
coin

70

68

67
67
67

66
66

66

Money In
circulation
per capita
(In dollars) 2/

191*8

1,1*21

156

919

31.6

190.31

191*9

1,1*59
1,1*96

161*

91*0

1,578
1,678

965
1,020
1,093

355
361
378
393

181.. 33

170
180
191
202
212
223

1,150
1,165
1,202

1*13

188.72

1*19

181* .21*

1955

1,766
1,795
1,858

1*33

182.93

195l*-December.

1,831*

218

1,186

1*29

186.11

1955 -January.

1,808
1,810
1,862

218
219
219

1,165
1,168
1,177

1.25
1.21*

181.1*7
181.1.1

1*26

181.05

1,831

221
221
223

1,183
1,192
1,202

1*28

180.6I.

1.30

181.85
182.93

1,865
1,878
1,887

221*

1,206
1,213
1,219

1*35

1,900
1,922
1,987

228
229
231

1950
1951
1952
1953
1951*

February
March. ...
April
May
June
July
AtlgUBt...
SoptcBnber

October..
Boreanber.

December.

1,81.3

1,858

226
227

Source: Circulation Statement of Uhlted States Money.
1/ auludee money held by the Treasury, money hold by or for the account
of the Federal Beaerve Banks and agenta, and coin estimated to be
Includes
held outside, the continental llmita of the United States
paper currency held outside the continental limits of the United
States.
2/ Gold certificates were withdrawn froa circulation In 1933.

1.33

179-03
180.17
181.. 90

1.39

182.75
182.89

UUl

183,21.

1,229

1»J*3

183 .78r

1,21*5
1,21.6

1*1.8
1*1*9

186.13
186.86

^

Treasury notes of 189O In circulation are being canceled and retired
upon receipt by the Treasury.
Federal Beserre Bank notes and national bank notes arc covered by
deposits of lawful mcaiey and are in process of retirement.
Based on latest population estimates by the Bureau of the Census.

r

Rensed.

i/
kj

.

.

5

,

Treasury Bulletin

52
.MOHETARY STATISTICS.

Table 2.- Monetary Stocks of Gold and Silver
(Dollar aaounta In mlUlons)

Cold
&]d of fiscal 7«ar or aooth

($35 per
fine oimoe)

19*8
19*9
1950
1951
1952

23,532.5

1953
195*
1955

22,*62.8
21,927.0
21,677.6

2*,li66.3

2*,230.7
21,755.9
23,3*6.5

195J*-Docoaber.

21,712.5

1955 -January.

March

21,71*.
21,716.3
21,719.2

April
May
Juoa

21,671.3
21,67*.*
21,677.6

,,

Fetaniary.

Jidj
Auguat...
Sept«Bber

,

October.
Horenber.
Dacoaber.

21,682.0
21,681.8
21,683.7
21,685.8
21,688.*
21,690.*

.,
.

February 1956

53

.MONETAEY STATISTICS.

Table 4.- Components of Silver Monetary Stock
(In BiUioas of dollars]

SllTer held in Treasury
Rid of calondar
year or month

Seourlng allTer eertlflcatea 1/

Silver outelde
Treasury

In Treasurer* a acoount

SllTer
bullion 2/

SllTer
dollars

1,971,5
2,003,2

2,073.5
2,109.7

328,1
321.9
312.8
301.0
289.3

5.9
ll.U
3.6
1.7
3.9

89.3
9h.k
95.1
82.0

1955

2,lU0,8
2,171.1
2,19U,U

278,3
267,6
253.5

6.3
48.0
15.7

1955-January...
February,
March

2,17'».l

2,177.5
2,179.3

267.2
266,8
266.5

50.2
53.6
53.1
"18.7
Ii5.0

35.7

ighs
19't9

2,0W.7

1950
1951
1952
1953
1951*

^ni

Subaldlazy
coin if

May
June

2,181.,

2,187.

26U,8
265.3
263,3

Jttlj

2,189,5
2,191.7
2,192,2

261,3
258.6
256.7

28.8
26.9
23.8

2,19't.O

255.7

2,19ll.l(

25't.8

2,19't.'t

253.5

20.3
17.9
15.7

August . . .
September,
October, ,
November,
December,,

2,182,

Source;
Circulation Statement of United States Honey; Office of the
Treasiirer of the United States.
Valued at $1,29+ per fine ounce.
Itksludes silver held by certain agencies of the Federal Govemaent.

1/
2/

Bullion for
recolnage UJ

Bullion
at coat

971.5
982.2
1,022,2
1,083,1
1,158,1

3,596.7
3,6U3.1
3,697.1

30,7
11,0
17.6

213,2
223,1

1,213,1

235.'*

1,283.2

3,837,0
3,886,6
3,930.1

11.1
8.5

223.5
223.8
223.9

1,21.2,3
1,21.2,3
1,21.3.9

3,891,1.
3,89l.,0

9.1.

225.5
225.0
227.0

1,21.8,2

.5
.7

10.1
10,8
18,8

1,252,2

3,901.6
3,906.0

1,260,1.

3,922.1.

.7

18.7

228.8

.5
.1

15.1.

231.1.

1,267.3
1,269.3

12,9

232.2

i,a7it.7

3,923.9
3,921.3
3,918.6

1,277.9
1,280,1
1,283.2

3,923.5
3,923.3
3,930.1

.1

kf

SnhsldlazT
coin i/

165.0
171.0
179.8
191.3
202.5

'•5,3

i/

SllTer
dollars l/

Total
SllTer
at »1.29+
per fine
ounce

2/
2/
1/
2/

.1

1I..5

233.2

.1

1I..3

.3

17.6

23'..!
235.".

1,21.2.7

3,71.1,3
3,79l.,l

3,897.9

Valued at $1,38+ per fine ounce,
Valued at $1.3&+ per fine ounce or at $1.29+ per fine ounce according
to whether the bullion Is held for recolnage of eubsidiary silver coins
or for recolnage of etandari silver dollara.

5^

Ireasury Bulletin
.MONETAEY STATISTICS.

Table 5.- Seigniorage on Sliver
(CuBulatlve from January 1, 1935 - In milllona of dollore)

February 1956

55

.EXCHANGE STABILIZATION FUMD.

Table 1.- Balance Sheets as of June 30, 1955, and September 30, 1955

Treasury Bulletin

56

EXCHANGE STABIUZAIION FUND.

Table 2.- Income and Expense

Classification

..

.

7
3

.

7

8U

8

1
9

57

Februarif 19ih
.CAPITAL MOVEMENTS.

As a result of changes In presentation
pages '^5-'^7.
previously
Introduced In that Issue, not all breakdowns

the
Data relating to capital movements between

collected
United States and foreign countries have been
January 15,
since 1935, pursuant to Executive Order 656O of
19'^9, and
1934, Executive Order IOO33 of February S,
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal

published

wUl be

exactly comparable to those now presented.

published
The first three sections which follow are
and by
periods
by
summaries,
provide
monthly. They
to
countries, of data on short-term banking liabilities
long-term
In
transactions
and
foreigners
and claims on
securities by foreigners, and present detailed breakdowns

regularly
countries Is reported monthly, and Is published
Is
Information
Supplementary
Bulletin."
In the "Treasury
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and Industrial

of the latest available preliminary data.

made
and commercial concerns In the United States are
forward
which
Banks,
Reserve
Federal
Initially to the

Section IV provides supplementary data In five

consolidated figures to the Treasury. Beginning AprU 195"^.
data reported by banks In the Territories and possessions
the United States are Included In the published data.

Table 1,
tables which appear at less frequent Intervale.
reported by
claims
and
liabilities
foreign
short-term

reports covers
The term "foreigner" as used In these
outside the
domiciled
Individuals
and
all Institutions
the
possessions,
United States and Its Territories and
institutions of foreign countries, wherever

Table

In the
nonflnanolal concerns. Is published quarterly

of

the Bulletin.
January, April, July, and October Issues of
and claims reported
2, long-term foreign liabilities
bankers, and Table 3, estimated gold and

by banks and
are
Bhort-term dollar resources of foreign countries,
and
September,
June,
March,
the
In
published quarterly
debit
December Issues. Table M-, foreign credit and
semiannually In
balances in brokerage accounts, appears
Table 5, short-term
the March and September Issues.
not
to foreigners In countries and areas

official
International
such institutions may be located, and
organizations.

"Short-term" refers to original maturities
and "long-term" refers to all other

of one year or less,

liabilities
Institutions,
regularly reported separately by banking

reporting
A detailed discussion of the
maturities.
definitions
coverage, statistical presentation, and
appeared In the June

195"*

Section

I

Is

"

l»8"e of the "Treasury Bulletin,

-

presented annually In the April Issue.

Summary by Periods

States and Foreign Countries
Table 1.- Net Capital Movement between the United
States)
(In

capital from
minions of doll«-6; negative figures Indicate a net outflow of

the United

Analysis of net capital movement

Calendar year or month

Net
capital
movement

Total

191*2
19lt3

.

. .

igliU

19'>5....

Short-term
banking
funds

3.661.3
532-5
1,207-1

3, 031* -6
1*85.9

1*52.8

1*31-1

1,056.6

1,166.3

220.1*
l,279.'t

5,253-2
622.6
1,273.5

1935-1,1.

Changes in claims on foreigners

Changes in liabilities to foreigners

1,179.3

Transactions
in domestic
securities

Short-term
banking

Transactions
in foreign

funds

securl ties

-113.1

21.7
-109.7

736.3
97-5
-11-3
-71-8
-63.1

-50.1*

-315-5

626.7
1*6.6

27-8
210.7

1,591-9
90.1
66.1*

855-5

265.1
39.0

-7.1*

77.7
93.5
-1.6.6

-803.0

-752.6

-1*18.1*

-33''.2

191*6

-69.8

-91*.

21*1*.

1*09.3

-2U.8
1,971.2

-192.2
75-2

-161*.6

191*8

636.2
601.5
-100.0
1,026.8

-21*0.7

51*7-2

-201.7

31*5.5

-89.

191*7

190.
-76.2

-11*5.1*

91*1*.!*

218.6
-221.6

657.1*

-58U.3

-1*1*7.5

311*.

-11.5

-298.2
72.0

-70.5
-80.3
1UU.2

-377.0
-217.9
-72-2

1M.3

-782.1*

-1*82.0

6.3

193.8

191*9

1950....

1,71*9.6

1951....
1952....
.
1953

1,260.6
1,162.8

73.1
1,558.3
1,090.9

1,21*3-9
1,102.1*

61*1.0

1,1*23.1*

l,27U.l

1951*. ...

-1.8

-69.7

67.9

-26.1

-27.9

.2

-11*3.0

11*3.1

1*6.2

1.6.1*

-371*.

.

1955 -January
February
.

51.0

18.1

2.6

53.6

32.8

March ....
April....
Hay
June

11*7.2
21*8.3

168.1
287.0
80.3

159.2
165.6

8.9
121.5
15.6

-20.9
-38.7
-32.1

July
August
September .

119.2
63.6

October p.
November p.

1*8.2

31*0.0

209.9
-32.2

61*.

2l*.2

51.7

1*3.3

-9'*.l»

175. •
37.6

-17. *

75.9
81.0
330.1

292.5

229.8 r

225.0 r

31.3

55.3

U.9
-21*

.0

9.9
-19.9 r
-63.5

27.8

-300.

.

$

,

53

Treasury Bulletin
.CAPITAL MOYEWENTS.

Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(PoBltlog at end of period In allUooa of dollars)

Short-term claims on foreigners

Short-term liahllitles to foreigners
Payable In dollars

Bid of calendar year
or month

Foreign
official
191*2
191*3

,

l*,205.'*

2,3U..l*

5,37l*.9

3,320.3
3,335.2

5,596.8
6,883.1

191*1*

191*5
191*6

191*7
191*8

,

191*9

,

7,116.1.

7,718.0
7,618.0

8,6W.8

1950
1951

,

9,302.2

1952
1953

10,51.6.1

1951*

12,922.5

1955-January
February...
March

12,852.8

April
May
June

12,887.2
13,052.8
13,117.5

July
August.. .
September.

13,11*1.7
13,01.7.3

11,61*8.1.

October p..
November p,

l.,179.3

3,01*3.9

,

12, 109.

12,728.0

13,339.8
13,56l..7

13,620.1

Other
foreign

International

Payable In
foreign
currencies

Payable in dollars
Loans to
foreign banks

Payable in
foreign
carrenclea

February 19 jb

59

.CAPITAL MOVEMEMTS.

Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollara; negative figures Indicate a net outflow of capital from the United States)

U7

60

Treasury Bulletin
.CAPITAL MOVHffiNTS.

Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
Section II

(Position

at.

-

^

end of period in allXlons of dollars)

Calmdar jear

1955

Coxmtry

1951
ggrope:
Austria

57.1
lak.T

Bel^lm
CzechosloraUa

1.3

Demarl:

1»5.3

Wnland

27.0

France

289.4

Oenuny, Taderal Fepubllc of...

I1O5.6

Greece
Italy
Netherlands

300.5

Horvay
Poland
Portugal
Sioanla
Spain

"15.8

•••

11(8.8

•

99.7
2.8
to.
•

6.1
17.1

,

areden
Svitierland
Turfcoy

71.7
521.3
,.,,

ll».l

IKiltod Elngdan.. .,•...... .•.,,•

6l<S.6

TugoslaTia. . ......•.•.....•...•
Other Europe
..•.•...•.....

12lt.7

2.5
7.1

Total Surope

3,005.9

Canada <•>>•>•.•....•.*.•••••,

1,307.1

latin Aaerlca l
Argentina
Bolivia
Brazil

2li9.7

27.8
100.3

ChUe
Colcobla

106.1.

Cuba

263.6

Domliilcan Bepublio
Ouateo&ala. ..,,.....,,....,.,,,,,

Mexico
Hetherlande W. Indies & Surlnaa.
,

Fanaaa, Republic of
Peru
Kl SalTsdor

1(5.8

27.3
158.2
31*

.9

67.7
,

•

,

1*7.2

27.S

thruguay

81t.7

Tenetuela
....•.....•.•,
Other Latin Aaerlca

71.9
87.8

Total Latin A:wrlca

1,1*55.2

Altai

China Mainlai^

,,

Temosa
Hong Kong
India
Indonesia
Iran
,
Israel
Japan
..,,«,,.......,.
Korea, Bepublio of g/

1*3.2

W*.2
62.

62.1
11(0.6

PMllpplneB

25.5
26.6
596.0
26.2
329.7

liallaod
Other Asia

96.7
lte.2

Total Asia

1,595.5

Other poultries I
Australia
Belgian Congo
Egypt and Andlo-^yptlan Sudan..
Oilon of South Africa
All other

Total other oomtrlea
International

Oraai total

38.5
5l*.5

110.7
7.0
86.8
297.1*

1958

1953

1954

July

August

Septemlier

October p

Raroiiiberp

Decemberp

.

February

19%

ol

.CAPITAL MOVEMENTS.

Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Poaltlon at end of period in milllonB of dollars)

Calendar year

1955

Country

1951
Europe:
Austria

1952

1953

.8

Belj^lum

39-6

16.?

lt.8

2.1

•

Czechoslovalda
Denmark
Finland
France
Germany, Federal Republic of,..,
Greece
Italy
Netherlands

,

,

Norway
Poland
Portugal
Bumanla
Spain

,

,

3.1

5.6

10.1
28.3

31.9

26.8

^2

o

lo!3

17.8

5.0
2.5

1.9
•

.6

.5

18.8

11.2

5.".

.6

2.5
7.1
38.S

*
,

Sweden
Switzerland
Turkey
U. S. S. P
United Kingdom

,

,

11.2

35.0

30.3

Yugoslavia
Other Europe

3.9

8.6

it.O

5.1*

Total Europe

lS3.l»

212.2

92.0

62.3

7.6
7.5
185.0

356. U

2lt.8

26.1*

Canada
Latin America:

Argentina
Bolivia
Brazil
Chile
Colombia

,

8.2

5.8

lt3.7

1*1.7

Cuba
Dominican Pepublic
Guatemala
Mexico
Netherlands W. Indies & Surinam.

32.3
1.8

32.5
1.6

3.8
90.6

88.6

1.2

1.3

Panama, Republic of
Peru
El Salvador
Uruguay

3.0
11.8
9.5
10.5

6.5

:

Venezuela
Other Latin America
Total Latin America

,

,

li*.8

9.1
ll*.3

14.5

36.7
13.7

"489.3

662.0

2.7
3.1

2.6
7.5
1.2

IS.l*

1*.3

1*1.7
,

1*.2

Asia:

China Mainland
Formosa
Hong Eong
India
Indonesia

7.'*

.3

.9

9.3
30.0
22.2
1/
29.3

10.2
15.1
12.5
1/
7.6

Thai land
Other Asia

2.5
51.6

2I..6

Total Asia

161.8

89.8

22.8
5.7

10.1
6.0

Iran
•
Israel
Japan
Korea, Republic of
Philippines

Other countries:
Australia
Belgian Congo
Egypt and Anglo-Efeyptian Sudan.
Union of South Africa
All other
Total other countries

.2

.5

6.7

2.0
3.8

6.1*

'tl.9

International

Grand total

3.3

968.1*

195''

July

August

September

October p

Treasury Bulletin^

62
CAPITAL MOVEMENTS.

Section II - Summary by Countries
In Long-Term Domestic Securl ties by Foreigners
3.Transactions
Net
Table
the Onlted Statea)
(In thousaods of dollars; negatlTe flgvireo Uidlcate not ealee by forelgnars or a net outflow of capital from

..

.

.

63

i9%

February

.CAPITAL MOVaiENTS.

Summary by Countries
Foreigners
Table 4.- Net Transactions In Long-Term Foreign Securities by
Section II

-

or a net outflow of capital from the United States)
(in thouaanda of dollars; negative flgnree Indicate net ealee by forelsnere
Calendar year
Country

Europe:
Austria
Belgium
Cz echoelovakia

1951

5l»9

-303
-25

1952

3,818
3,511
-28

5,256
98

5,309
58

France
Germany, Federal Pepubllc of,
Greece
Italy
Netherlande

-'',133

lt,90l»

13

-506

26
1,167
2,773

1,170
-8,702

Borvay
Poland
Portugal
Bumanla
Spain

3,312
-8
-S.tel

l,3't5

9,209

l.,706

Sveden
Switzerland
Turkey

961
lU,2U5

-163

DeiBoark

Finland

U. S. S.

K

UQlted Kingdom

Yugoslavia
Other Europe
To '-al Europe
Canada
Latin

•

•

Anifirlca:

Argentina.
BollTia...
Brazil....
Chile
Colombia .

Cuba
Dominican Eepublic
Gtjatemala

Mexico

NetherlaMs W. Indies & Surinam.
Panajna, Bepubl'c of

Peru
El Salvador
Uruguay
Venezuela
Other Latin America

Total Latin America
.\aia:

China Mainland
Foimosa. .
Hong llong.
Indiu
Indonesia.
Iran
113-~«1

Japan
»
Korea, Kepubxir of.
Philippines
Thailand
Other Asia

Total Asia....
Other countries:
Australia
Belgian Con^o
Egypt and Anglo-Egyptian Sudan.
Itaion of South Africa
All other

Total other countries:
International

Grand total.

W

-36U
-3lB
67

Ircasury Bulletin

611

.CAPITAL >OVi>IENTS.

Section III

-

PreHmli.ary Details by Countries

Table 1.- Short-Term Banking Liabilities to Foreigners as of December 31,
{l>Mltlaa In ttaovaanda of dollArv)

1955

t

February

19%

65

.CAPITAL MOViMEIiTS.

Section III - Preliminary Details by Countries
2.Short-Term Banking Claims on Foreigners as of November 30, 1955
Table
(Position In thouBande of dollars)

Short-term olalms payable
in forei^ currencies

Short-term claims payable in dollars

Countiy

Total
short-

Foreign
banks and
official
Inatitnticos

olalms

Europe:
Austria
Bsl«laa
CzechoBlurakla

Collections
outatardlng
for ovn
account and
dcnestlo
customers

Loanc to:

ten

313

726

6,11*6

6,ll«)

5W*

51*1

3

6,091
2,292

121*

119

5

1,231*
5l*,e83

2,1*79

61*7

2,032

1,81.2

1,832
190

35
10,719
2,296

9

l,08l

9
197
1,027

2,132

105

105

1,293

1,293

251*

llt,803

lit, 259

1,851*

28

28

9,186
3,996

9,062
3,996

293
1*18

252

1,031*

France

11,711*

Gemaaj, Federal Bepubllc of

80,790
5,695
29,619
11,078

9,235
78,758
3,686
29,378
9,997

715
10,282

3,550
971
755

'',719

Demark
Finland

Greece
Italj
Hetherlsode

Portugal
Buaanla
Spain

26
2,678

6,586

7,351*

81*1

139

3,736
12,622
2,896
U,719
6,721

1,533

1,01.6

623
2
5,553

8
56
30

1*3

521.

26

1*5

1.5

lt,05U

1*51

115

933

1,671.

1,671*

6,392
20,615

63

2lt,123

1*,713

3,002
2,513

3,309
2,276

3,1*82

92,1*2U

301
3,503
971

l',l*75

1*9,180

1.0,721.

2

2

Horvar

PolaM

117

91
668
2

7,227

91

91,1*53

88,722

25,303

6,81*9

3,205

10,771*

TugoelaTla
Other Europe

678
5,969

676
5,818

51*1

785

3,885

135
1,075

Total Europe

383,38U

320,937

127,061*

33,1*13

62,620

131,083

T3,l>60

25,260

25,769

8,166

8,35't

7,750
3,692

7U8
36

1,862
57U
19,070
1,230
13,817

5,11*0

Canada
Latin America!
Argenglna
Bolivia
Brazil
Chile
ColoBbla

(M»
Dominican Bepubllc
Guatemala
Mexico
Netherlands Vest Indies & Surinam.
Panama,Bepubllc of
Pern
£1 SalTMor
Uruguay
•..
Tenetuela
Other Latin America

Total Latin America

3,692
6U,290
20,109
127,902

61i,129

19,511*

20,109
127,892

3l*,372

911,678

9li,'t03

1*7,883

3,91*2

3,931*

1,300

21,387
295

It,

1*,597

191*

111*

158,659
1,783

50,321

Ul,266
651

597
159,818
1,783

3,060

139

11,036
6,66U
691
1,029

90,738
33,922

13,937
26,556
8,650
11,996
89,195
33.785

675.1^71*

671,067

2,558
5,535

2,512
5,535
3,811

2,512
1,326

1*31.

5,223
916

14,932

1,1*29

12

831

193

18,013
8,520
106,769

18,013
8,520
106,758

1*6,291*

13,937
26,588
8,652
12,1»72

1.U
51.

2

71>,U83

6,693

21.1

35

18
11,113
27

Sweden
Svltterland
Turkey
n. s. s. B
Obi ted KlogdcB

Deposits of
reporting banks
and domestic
custonerB with
foreigners

3,81*9

628
2,279

2,701.

11
26

971
8,1.56

151

11.8

97,61*0

68,^7

51,823

10,621.

,265

57,623

52,780

1.,8I.3

60l*

1*5

559

Z£l

161

73_

11*

3_

3,082
20,519
2,763

5,026
13,056

U5,l»01

31*

,302

10

9

1

12,1*29

12,701*

275
8

255

20

1,159

920

239

2,255
3,818
21,050
1,131
2,231*

12,092
3,953
1,700
39,266

81*

1*71

1*6,022

1
528
3,951
3,378
6,988

2.920

25,311
5,286

20,575

10,1.71
5,001.

181,390

150,283

197,1*06

11.1,986

5

31
2,051
2,733
638

ll*,ll*7

290

32

27

2

2

1.76

1*51.

1,51.3

137

316
80

l.,l.07

2,269

1.6

h6

22
1,227

51
2,138

Aflla:

China Mainland

Fomoea
Hong Kong
India
Indcoesla
Iran
Israel
Japan
Korea, Bepubllc of
RiillppineB

3,81.5

5,1*99

505
2,761*

67
1,307
17,971

758

3l>

31.

291

285

85

6
85

17,1*1*1
911.
11. ,265

3,535
28,228

11

11

1*7

1*2

862

862

862

38,708

38,661

31,1*50

37

7,11*6

28

7,639

7,639

3

1

Thailand
Other Asia

6o,7lt8

60,1*71

6,1*39
50.271*

537

1,196
9.632

28

277

_2IL

Total Asia

259,336

258,51*5

1U8,685

20,373

56,909

32,578

791

695

13,287
5,027
1,633
10,2U8
18.721

11,803
5,027
1,595
10,115
18.380

1,105
29

911.

U,562

5,222

l,l.6U

I.7I*

1*,758

21.0

1,109

21.8

38

38

1*,7S5

1.61

133

112

T.'-*38

861

31.1

96

Other countries

Australia
Belgian Congo
^Tpt & Anglo-SgTptian Sodan
Tblon of South Africa
All other

Total other comtriea

1*6,916

1*6,920

l,lt98,193

1,370,929

238
I*

,909

9.281*

15,565

20
JI22_
1,731

21
211

22,592

7,032

1,996

75I.

31*7,895

293,501

127,261.

108,321

1,21.2

18,91*3

Inteniational

Grand total

1.97,961*

231,569

)

Treasury Bulletin

66

.CAPITAL MOVEMENTS.

Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners during November 1955

Section III

Table 3.

-

(

In thouBonis of dollara

February

o7

i9%
.CUMULATIVE TABI£ OF CONTEHTS.

March 1655 through February 1956
Issua and page

nt]al)er

1956

1955
Apr.

Feb.

Sept.

Aug.

July

Hay

Articles:
Treasxny f iDanclng operations

Summary of Federal fiscal operations
Budget receipts and expenditures:
Eecelpts by principal soutcob
Ecpersditurea by major functions
Erpendlturea for major national security
Eipendlturea for international affairs and finance
"Other" eipendlturee

Trust acc ount and other transactions:

5

Sumnary of trust account and other transactions
•
•••
Trust account receipts
Trust and deposit fund account expenditures
securities
debt
Net investment by GoTemment agencies in public
agencies In
Net redemption or sale of obligations of Oorernment
'
the market
Federal Old-Age and Surrlvors Insurance Trust Fund
•
•
Unemployment Trust Fund
•
Ballroad Retirement Account
•
National Service Life Insurance Fund
securities,
debt
pubUc
in
mrefftments of specified trust accounts
1955)
December
date
31,
(latest
by issues

5
6
7

9
10
10

Cash Inco me and outgo:
Headnote
Derivation of cash deposits
Derivation of cash withdrawals
Derlvaticm of cash borrowing or repejment of borrowing
with the public....,
Summary of Federal dovemment cash transactions
account
Sumnary of cash transactions through Treasurer's
reconciliation
Derivation of Federal receipts from the public, and
••
to cash depoBlto in Treasurer's account
to
reconciliation
and
public,
Derlvatico of Federal payments to the
cash withdrawals from Treasurer's account
•••
Intragovemmental txansactlooe
Accrued Interest and other noncash expenditures
the public,
with
transactions
debt
cash
net
Derlvatloi of Federal
Treasurer's account,...
and reconciliation to transactions through

8
9
10
11

8
9
10

U

8
9
10
11

issued by Government corporations
•
and other agencies
I'cVl
of the tinted States
Treasurer
the
Status of the account of

T^BUiT hoidi^'of'sTOirtties

Statutory debt limitation

8
9

8

10

9
10

11

11

10

10

10

10

10

11*

12
13

12
13

12
13

12
13

12
13

15

II*

ll*

11*

lU

11*

12
13

13

11*
11*

15
15
16
16

17

Debt outstanding and Treasurer's account:
•
Sumoary of Federal securities
•
Inters st-bearlne public debt
accounts........
Special Issues to U. S. Ooveiraent investment
Federal
on
rate
Interest
C^puted interest charge and canputed

8
9
10
11
11

19
19
20

17

15
15
16

15
15
16

15
15
16

15
15
16

15
15
16

17

16

16

16

16

16

18
19

17
18

17
18

17
18

17
18

17
18

21

19

19

19

19

19

23

20
22

20
22

20
22

20
22

20

21*

23

22

26

2U

23

23

23

23

23

27

21.

21*

21*

2l*

28

26
26
27
29

26
26
27
29
30

26

26

26
27

26
27
29

30
30
31
33

12
12
13

12
12
13

12
12
13

12
12
13

16
16

13

13

13

13

13

lU
Xh

II*

II*

lU

11*

lU
lU

lU
15

15

15

15

15

16

16
18

16
18

16
18

16
18

17
19

21

19

19

19

19

20

12
12
13

22

Debt operations:
marketable securities
Maturity schedule of interest -be Bring public
issued by the U. S. Sovenment
•
Offerings of Treasury bills
l""'l^
and
bonds, notes,
Offerings of marketable Issues of Treasury
••
certificates of Indebtedness
;"i*"''»II"
notes,
bonds,
Treasuir
of
Issues
marketable
Dispoeltion of matured
and certificates of iniebtedness

20

20

20

20

21

25

2U

81
21

21
21

21
21

21
21

23
23

22

22

22

22

21*

2lt

2U

21*

21*

26

27
27
28
30
31

26
26
27
29

United Stat es savings bonds:
Cumulative sales and redemptions by series
ccmblned
Sales and redemptions by periods, all series
through K
Sales snd redemptions by periods. Series K
Bedemptlona of matured and unmatured bonds
:'^""l',"A'
Series E and H ccnbinad.
Sales and r«demptlans by dencmUiations,
caiiblned
H
and
Series
E
States,
by
Salsa

(Continued on following page)

25

32

29

31*

35

Treasury Bulletin

6g

.OTMULATIVE TABLE OF CONTENTS.

March 1955 through February 1956

-

(Continued)

\

n^-

.

^y.

Treas
HJ

U.S.

10
.A2

Treasury Bulletin

1956
C.2

Treasury Dept,

I

us TREASURY
III]

II

1

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iliilillf

LIBRARY

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