Full text of Treasury Bulletin : February 1959
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February 195^
Table of Contents
Page
Treasury financing operations
A-1
Sununary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
3
Cash Income and outgo
l6
Account of the Treasurer of the United States...
22
Debt outstanding
24-
Statutory debt limitation
2g
Debt operat Ions
29
United States savings bonds
h'}
Ownership of Federal securities
49
Treasury survey of ownership of Federal
securities
51
Market quotations on Treasury securities
55
Average yields of long-term bonds
5^
Internal revenue collections
60
Monetary statistics
62
Exchange Stabilization Fund
66
Capital movements
62
Cumulative table of contents
79
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
'
Treasury Bulletin
II
Reporting Bases
Data on reoelptB, exp«aditure«, and debt whloto appear In the
The dally statement on the new basis was first Issued for
195M-.
In the deposits and withdrawals as shown, no
Treaaury Bulletin' are based largely on two Treaaury flnanolal
February 17,
reports, the "Dailf Statement of the United States Treasury" and
the "Monthly Statement of Reoelpts and Expenditures of the
United States Oovemnient. " Certain monetary statietlce are based
at lea^t in part on the 'Circulation Statement of Dnlted States
distinction Is made as to ths type of accounts (budget, truit,
etc. ).
The deposits are on the basis of certificates of deposit
Money.'
Where these statements are given
dividual tables,
they are olted by name only.
reporting bases are desorlbed below.
as
sources for in-
Their respeotlve
Tor other data In the
Bulletin, Inforroatlon on sources or reporting bases Is given In
oonneotlon with the tables themselves.
The monthly statement of receipts and eitpendlturee was first
publlahed for February
195'^>
sn^ replaoed the dally statement as
cleared throu^ the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dls-
Some of the
bursomente made out of the Treasurer's aooount.
withdrawal classifications shown are reported on the basle of
mailed reports of checks issued and are adjusted by means of
Except for
clearing accounts to the total of ohecks paid.
relatively minor amounts, noncash Interfund and other Intragovemmental transactions are excluded. The public debt flguree
In the dally statement also are on a 'clearance' basle, with the
exception of those Issuance and retirement transactions reported
Noncash
the primary source of Information on budget results and other
on the basle of telegrams from Federal Reserve Banks.
receipt
and expenditure data classified by type of account.
At the aame tlae, the dally statement was changed to a atatement
of cash deposits and withdrawals affecting the account of the
5ebt transactions are Included,
Treasurer of the United States. Both publications have provided
ooBparatlve figures on their respeotlve bases from the beginning
The dally statement before Fetaruary 17, ^95^, covered not
only transactions cleared through the Treasurer's account but
also certain Oovemment agency transactions which were handled
of the fiscal year 1953.
The announcement of February 17,
^S^^,
with respect to these reporting changes may be found In the
April I95U issue of the. Bulletin.
however.
through commercial bank accounts, and Included nonoaah Interfund
and other Intragovemmental transactions. It provided Information
similar to that in the present dally statement with respect to the
statue of the Treasurer's account,
The monthly statement shows all receipts and expenditures
of the Oovemment,
including those made from cash accounts held
outside the United States Treasury.
The information Is compiled
and similar to that In the
dally statement with respect to debt
Issuance, retirement, and amount outstanding.
Receipts and
expenditures, however, were claeslfled by type of account, and
present
end-of-month
from reports by the Treasurer of the United States and by all
the budget results shown In the dally statement were used as the
other collecting and disbursing agencies, including those agencies
basis for reflecting the results under the President's budget
which maintain obeoklng accounts In coouaerclal banks. These
reports oover transactions recorded In the accounts of the
agencies during the reporting period. The net of the trans-
program as enacted by the Congress.
actions as compiled from these reports Is reconciled In the
monthly statement to changes In the balEuice In the Treasurer's
account and In cash held outside the Treasurer's account and
changes in the public debt outetandlng.
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially on a
collections basis.
oollectlons basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the basis of
checks Issued or cash payments made by disbursing officers.
Transactions of an Interfund or Intragovernmental nature are
Included on the same basis even though the actual Issuance of
Interest on the public debt le inchecks may not be Involved.
cluded on an accrual basis beginning with figures for June 1955
and the fiscal year 1955. Prior to that. It was included on a
due and payable basis.
The
beudo
reporting basis as that In the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Oovemment* and for actual receipts
and expenditures In the 'Budget of the United States Oovernment.
Receipts were on the basle of deposits ae they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases.
Through 19*^ they
were on the basle of checks paid by the Treasurer of the United
States.
Beginning with 19^7, expenditures made through the
facilities of the Treasury Department's Division of Disbursement
were on the basis of checks Issued, while certain others,
prln~
clpally those of the Department of Defense and Its predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were ae
reported by the agencies. Interest on the public debt was Included on a due and payable basis beginning with November 19U9
and on a checks-paid basis prior to that time.
The clrculatloo statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency In the money 8uppl7
of the country.
It Is Issued later than the dally statement,
however, and the figures are based on transactions oonaummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
February 19^9
A-l
Treasury Financing Operations
fettruary Refinancing
cent per annum, payable semiannually on August I5,
An optional exchange offering of
J-yi
percent
one-year certifloatee of Indebtedness and ^ percent
5-year notes was announced by the Treasury Department
The offering was made to holders of
million
2-1/2
percent certificates of Indebt9,770
edness maturing February Ik, and 15,102 million 1-7/8
on January 29.
percent notes maturing Tebruary 15.
tions were not z^oelved.
1959,
and thereafter on February 15 and August I5
in each year until the principal amount becomes pay-
able at maturity on February I5,
denominations of $1,000, $5,000, $10,000, $100,000,
$1,000,000, $100,000,000, and $500,000,000.
Tax Anticipation Bills Offered
On February
1959-
They were offered at an issue price of
99.993 percent of par to holders of the maturing
certificates and at par to holders of the maturing
notes.
In order to obtain uniform datee of Issue
and to have the maturity dates for the new certificates and notes coincide with the quarterly maturity datee for marketable issues,
namely, Febniary
May 15, August 15, and NoTember I5, a disoouit
of IO.07 per 11,000 on the lesue price of the new
15,
certificates and notes was allowed to the holders
tendering the 2-1/2 percent certificates maturing
ll^, 1959, for exchange.
The discount was
equivalent to one day's interest covering the day
elapsing between the maturity date of the certif-
FebiTiary
icates maturing February l4 and the date of issue
of the new certificates and notes.
The subscription
books were open from FebiMary 2 through February k,
Subscriptions accepted for the new issues
totaled about 812,797 million, leaving about 12,075
million to be paid in cash. Results of the offering
are shown in the aooompanying table.
Both secu-
Cash subscrip-
Both of the new securities are dated Febniary
15<
1962.
rities were issued in bearer form only, and in
6,
the Treasury Department announced
that on February 9 it would invite tenders for $1.5
billion,
or thereabouts,
of 217-day Treasury tax
Enticipation bills to raise cash for current requirements.
The tenders were opened on February 11; the
1959, a"'^ will mature
bills were dated February I6,
September 21, 1959. They will be accepted at face
value in payment of income and profits taxes due
September 15, 1959; to the extent they are not presented for this pwrpose the face amount will be payable without Interest at maturity.
Payment of ac-
cepted tenders at the prices offered were required
to be completed in cash or other immediately available funds on February I6, provided, however,
that
any qualified depositary was permitted to make pay-
ment by credit in its Treasury tax and loan account
for not ncre than 75 peroent of the amount of Treasury hills allotted to it for itself and its customers
up to any amount for which it was qualified in excess
of existing deposits.
Tenders were accepted in the amount of $1,502
million at the average rate of discount of 3.293
Treasury Bulk
A-2
Treasury Financing Operations
13-Weelc ana 26-WeeX Bllle
January laeuee of regular weekly Treasury blllB
totaled J9.6 billion. They refunded *9.0 billion of
maturltlee and provided about 5600 million of cash.
In each of the first three weeks the total amount
Issued was 32.0 billion, and In each of the last
The maturlnt; ll-week Issues
two. J1.8 billion.
amounted to $1.8 billion each; the first three new
Issues were for jl.6 billion and the last two were
Each Issue of 26-week blllB
for SI.")- billion each.
-
(Continued)
Except for the Issues of January 2 which were
for 90 days and ISl days, the .-aturltles were for
Average rates of discount on the
91 and 182 days.
follows:
as
were
new bills
13 -Week
26 -Week
2
2 -690
8
2.678
2.808
2.920
2.959
Issue date
January
15
22
25
3.03'*
2.975
3.03''
3.232
3.337
was for $UO0 million.
Note:
Detalla of Treae'jrj- market financing operations are
shown elsewhere In thlB Issue of the Bulletin, In the
tables on "Offerings," "Allotments," and "Disposition,
respectively, of marketahle Issues of bonds, notes, and
certificates of Indebtedness, and In the table "Offerings
of Treasury Bills."
February 1959
SUMMARY OF FEDKRAL FISCAL OPERATIONS
(in millions of dollare)
Budget receipts and expeiidltiu*ee
Net
receipts
1/
Expenditures
2/
Surplus,
or
deficit
(-) 2/
Net of
trust
account
and other
transactions
Net
increase
Clearing in
account, public
etc. U/ debt, or
decrease
2/i/
Net
increase In
Treasurer's
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
Treasurer's
account
balance
Public
debt
Guarnnteed
securities
(-)
Total
Federal
securities
Fiscal yeara
19''7
39,786
191*8
Ul,1.88
19'»9
37,696
1950
1951
36,1.95
1.7,568
1952.
1953.
751.
-1,103
-10,930
3,308
-291.
555
-507
-11,136
-5,991.
366
U76
1,621.
-1,1.62
i.,932
-1.95
99
679
1.83
l.,587
2,01.7
hh ,058
8,U19
-1,811
-3,122
3,510
-211.
-2,135
1,839
5,517
7,357
61,391
65,1.08
-li,017
11.7
-1.01
6lt,825
71.
,271.
-9, 1.1.9
1.35
-250
-303
-388
-2,299
2,096
-551
331
6,969
4,670
6,766
6,215
39,032
33,069
39,507
39,617
3,1*70
258,286
252,292
252,770
257,357
255,222
90
73
27
20
29
259,105
266,071
271,260
274,374
272,751
46
74
259,151
266,123
271,341
274,418
272,825
270,527
276,345
107
101
270,634
276,444
285,000
285,000
104
5,400
95
285,104
285,095
3,097
U,208
4,679
4,232
4,295
256,900
252 ,800
257,130
256,706
259,419
81
55
30
24
42
256,981
252,854
257,160
256,731
259,461
6,064
4,577
5,180
4,545
4,427
267,391
275,168
278,750
280,769
276,628
54
76
34
267,445
275,244
278,784
280,822
276,731
67,
-3,117
61., 570
-l.,l6o
328
231
66,51.0
1,626
-191.
522
3,883
6,966
5,189
3,115
-1,623
71,029
69,117
69,1.33
195
633
-523
-2,22U
-956
5,590
71,936
1,596
-2,819
530
5,816
l.,159
9,71.9
68,000
77,100
80,871
77,030
-12,871
70
-631.
500
8,657
J.,31.9
5,1.00
-182
112
19^7.
1.0,389
-2U0
199
-1.05
86U
-k.lOO
1,111
19l»9.
37,511.
1.1,106
-3,592
231.
l.,331
1.71
1950.
1951.
37,306
52,979
37,726
56,337
67
-1.23
-1.1.7
-3,358
-350
-229
-502
311
815
-2 ,21.9
1.0,
37,955
35,623
2,1.31.
19l»8.
-106
2,711
62
1952
1953
61., 81.0
-5,8U2
-9,157
-3,683
-2,771
-Ul
101
739
-259
-319
-209
7,973
7,777
3,582
1,770
-1,U88
376
2,019
3,779
267
-21
-l.,lUl
603
-635
-117
1,092
-691
22U
109
-1,730
8,025
179
355
4,606
4,961
274,898
262,922
104
1.07
-399
ko
-1,271
-1,162
581.
3,265
3,849
276,229
276,269
3,821.
7,673
274 ,999
107
109
109
-991
1,226
707
-2,11.2
308
-250
5,532
5,840
5,590
274,008
275,234
270,527
253
1,91.2
-1,115
l*,475
-21.7
1,376
567
1.23
1U9
2,U36
4,898
7,335
272,469
273,845
274,412
1955.
1956.
655
60,390
68,165
1957.
1956.
1959 (Bat.)..
i960 (Eat.).,
61.,
281.
258,376
252,366
252,798
257,377
255,251
6,51*6
52
81
44
Calendar years;
63,8Ul
61,171
63,358
195l>
1955
1956
70,991.
72,26U
1957
1958
70,682
72,997
6U,85li
66,129
67,216
5,21.1
-1.22
-3U
68,691.
71,692
75,782
592
-7,088
l.,809
6,095
-1,286
6,188
10,737
5,71.3
UI.6
116
229
-131
5,561.
5,153
-222
163
,256
5,987
-1,731
21.7
5,282
11,688
5,9lJ»
-662
6,279
5,1.09
-325
-15
333
70
-938
-3,290
-802
53
103
109
Months:
1957-Jan...
Feb...
March.
April.
May...
Juoe.
I.
-It,
3,057
5,128
7,225
6,31.7
Ai^.
Sept..
1,559
-19
96
162
Oct.
Not.
Dec.
3,131
U,827
5,956
6,501
5,806
5,809
-3,370
-979
351.
-31.5
1.15
U8
-60k
679
151
-3,028
558
-259
4,307
4,865
4,606
274 ,067
U1.2
11.7
l.,786
6,011
5,528
-1,225
771
3,753
-65
338
533
-31.3
-1,101
-3UI.
121.
-273
257
-2,055
3,505
4,394
6,076
274,555
274,679
272,624
-13
617
2,1.33
1*12
137
-553
-169
-682
595
691
-357
6,487
6,130
9,749
275,057
275,653
276,343
-376
290
-l.,630
-1,269
5,119
6,368
5,099
-565
1,991
-1,564
4,531.
275,466
278,476
276,666
280,211
6,525
4,961
283 ,060
282,922
July..
.
1958 .Jan
Feb
March
.
April..
May
June
. .
JulJ...
August
Sept .
.
Oct.
Not.
Dec.
6,299
9,501
5,930
5,667
5,71.9
3,1.96
l.,925
6,122
5,81.6
-2,626
-920
10,785
6,621
i.,l6l.
2,91.6
l.,838
6,613
7,208
6,633
-3,667
-1,361
575
6,198
333
81.
-1.83
-200
166
-877
3,009
-1,810
350
65
3,51.6
2,81.8
-1.89
-138
2,769
7,11.1.
-i.,376
-8U
•.,962
6,237
7,080
-1 ,271.
352
-37
6,180
-900
3,619
1,21.9
274,747
274,898
275,002
263,031
Subject to
limitation
'J
.
-
,. .
..,
Treiisury Bulletin
.BUI3GET
EECEIPTS AND EXPENDITURES,
Table !•- Receipts by Principal Sources
(In millions of dollea^i)
Internal revenue l/
anployment taiee
Inccane and profits tajces
Fiaca] year
or month
Corporation
E/
Not
withheld
Total
Income
Withheld
and
profits
For old-age
and disabllity insurance
i/i/
21*, 218
1951
1352
3,120
3,569
U,086
For railroad retirement
^
573
735
37,753
1*9,915
5,31*0
56,633
6,337 2/
631*
10,71*7
1955
21,523
16,265
13,535
16,521
21,351
21,635
10,396
21,251*
1956
1957
1958
21,299
21,531
20,533
11,322 2/
12,302
11,528
21*, 012
60,560
59,102
6,631*
27,01*1
1959 (Ket.).
i960 (Est.).
17,650
22,01*8
12,100
13,100
28,700
~1,900
58,1*50
67,01*8
981
3,519
313
3,953
5,11*7
955
6,538
653
2,000
9,196
632
1*3
1.76
2,792
792
61*0
3,611*
i*,060
l*,702
703
Ul*9
1,221
5,906
1,721*
1,91*1
9,570
1*79
258
1,195
316
123
3,1*76
32,826
33,012
1953
195''
1956-Jaiiuari'
.
February
March ....
April.
May...
J^jne.
July
Auguet.
.
.
1*86
1*06
.
1959 to date.
363
53,906
51*,
2/
l.blS
2 ,093
1,931
3,915
0,170
371*
162
1,225
1,762
319
91.
3,61*1
l*,05l*
Septembe r
October.
November.
December.
26,728
51,31*7
i',537
620
603
600
For unemployment
Insurance
6/
231*
259
277
285
280
Total
employ
ment "jj
Estate
and gift
taxes 2/
Excise
taxes
2/
Taxes not
otherwise
classified
9,1*23
3,931
562
9,726
10,825
I*,
i*,983
5,1*25
91*5
10,011*
6,220
936
9,211
98/
7
Total
Internal
revenue
1/
51,106
65,635
70,171
70,300 8/
66,289
7,296
7,581
1,171
1,378
lO.OOU
10,638 10/
7,733
616
575
325
330
336
8,6Uii
1,1*11
10,811*
8,22U
10,215
560
575
332
3U*
9,116
11,135
1,380
10,687
1,1*30
11,91*1
'^
53
3S5
1,302
112
105
892
1
259
861*
2
5
680
11*3
860
10,679
17
70
2
2
722
1,293
785
922
771*
''3
1
818
191
115
97
895
5,761
7,033
11,380
338
1,032
17
72
1
355
1,105
926
908
3,328
6,023
1
501*
It I*
1
51.9
21
68
1
386
816
265
2,1*19
373
2,139
U,932
365
7U7
397
6,171*
2,827
13,769
22,770
3,383
1*1*
1
1
1*1*1
3,653
113
95
5
15
7
75,109
80,172
79,978
10
10
79,642
91,563
I*,
910
7,1*21
912
103
82
103
853
3,205
5,762
6,328
5,361*
32,371*
951*
811
February 1959
.BUIGET RECEIPl'S AND EXPHTOITURES .
Footnotes to Table
1/
8/
2/
Through 1953, contributions to the Railroad ^Aiemploymeat Insurance
Administration Fund were carried in the dally Treasury statement as
miscellaneous receipts, while the i960 Budget document. Special
Analysis L^ includes them in employment taxes through 1952. Beginning 195** the contributions are credited direct to the trust account.
For amounts of the contributions included In budget receipts, see
"Treasury Bulletin" for February 195'*, pa^e 7.
In the i960 Budget document, Special Analysis L, internal revenue
taxes not otherwise classified are included in miscellaneous
receipts.
Beginning 1955, the flgxares shown reflect adjustments to ccMrrect
prior estimates (see footnote 11), in millions of dollars as follows:
Fiscal year
1
-
(Continued)
.....
. .
.
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Expenditures by Agencies
(In mllllone of dollars)
Flecal year
or month
LeglalatlTe
branch
7lt,27U
1953
195^
1955
1956
1957
1958
61
59
67,772
64,570
66,5UO
69,'»33
1/ y,
71,936
1959 (Est.)...
i960 (Est.)...
Judiciary
80,871 2/
77,030 2/
Executive
Office
of the
President
27
28
30
37
65
85
97
99
39
kk
119
152
It,
n
It,
51
1958 -January..
February.
March
6,011
5,528
5,7''9
3
April
Hay
June
6,122
It
5,81.6
it
6,621
u
July
August. .
September
6,613
6,198
6,633
12
5
11
It
9
u
October.
November
December
7,l'»'i
10
It
5
6,237
7,080
8
It
3
11
u
It
63
2U
.
.
.
1959 to date.
39,906
n/
6,905
6,U73 1/
6,791
6,982 2/
7,707
8,305 6/ 2/
l',it73
It,
It,
General
Services
Administration
Independent
offices
5,782
5,282
381
9
9
9
10
10
70 1/
75
1.9
Funds
appropriated
to the
President
y
115
061 £/
9,1156 10/
9,Wi3 10/
192
3,7't5
Military
functions
1.3,611
1*0,336
1953.
1951..
1955.
1956.
1957.
1958 -January..
February
March .
.
.
I1I8
6, 1. 50
1.76
700
670
36
71
263
1.1.
31
-lt9
257
1
673
32
-15
351.
51
59
1
1
1
3I1O
662
692
716
39
37
3U
157
1.U9
51*
".9
21.5
-156
U87
55
51
6
10
1*53
7U9
766
"13
37
32
61.6
72
530
803
J.3
85
71
26
336
315
271
309
628
337
315
369
766
718
801
32
2,05U
11,611
Justice
Department
Labor
Department
U
Interior
Department
31
37
50
89
31
102
711
625
810
193
31.7
i*,125
21t
29
jg/
10/
10/
76
190 12/
llt2
518
179
7,2Ult
57
666
567
671*
206
7,607
71*
809
757
252
259
1,007
562
752
277
109
21*3
7,500
8,000
9S
87
1.6
18
18
18
32
22
70
83
70
21
693
606
616
5
55
59
U2
6
61
ue
55
117
67
28
19
613
595
615
5
7
7
98
2UU
196
212
53
July
August. .
September.
3,175
32
3,211.
3, '.76
63
62
21U
October.
Hovember
December.
3,817
3,171
266
250
3,71*9
88
66
77
20,602
390
1,1.53
15/
refunds
of taaes
1.63
55
51
95
On
1.12
1*5
3,905
of
Colisnbia
On
public
debt ji/
1.18
3,168
3,068
3,211.
District
State
Depart-
216
21U
229
3,11.3
3,11*0
Post
Office
Department 13/
6,50U
6,382
6,370
6,787
3,051
3,205
.
7,31*1
318
ii62
2,61*5
April
May
1959 to date
1,061.
Treasury Department
Health,
Education,
and
Welfare
Department
June.
.
5,177
5,006
'',875
Uit8
769
853
1.2
U28
itu
-23
199
272
733
1.0,91.5
8/
1.25
1,063
1,000
1,077
1,293
562 iy 5/
6U5
".,636
1
639
573
806
973
523
570
1
587
535
515
512 5/
1.0,800
1959 (Bat.).
i960 (Est.).
813
605
548
3,217
2,915
385
-^15
129 2/
39
,107
Conmerce
Department
3
1,920
1,981
1,993
2,071
2,295
35,532
35,791
38,U39
39,062
1958.
Civil
functions
Agriculture
Department
It
Defense Department
Fiscal year
or month
Housing
and Home
Finance
Agency
572
61
171
183
182
271
39'*
659
312
356
300
355
156
136
15
15
71*
83
62
51*
k
798
873
368 1/
879
7U8 8/
765
I
2,186 16/
813
255
221
53
20
61
21.
71*
185
51.
22
91
2U6
72
22
lOl*
6lt2
6
76
71
86
20
20
109
112
156
69
107
52
21.2
21
21
571*
u
578
5
65
80
76
27
11*1
53
21
31*
i
18
18
7
6
20
'f
5^
600
607
127
596
1.22
151
61.
236
1.23
18
Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); eetljaates are from the i960 Budget document, released
January 19, 1959, including effects of proposed leglalatlon.
Figures In this table are for agencies as constituted at the time
Note:
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table U
1/ Reconstruotlon Finance Corporation is included under "Independent
offices" through 1954, and under "Treasury Department" beginning 1955,
except functions transferred to Export-Import Bank, Federal National
Mortgage Association, General Services Administration, and anall
Buslneas Administration. The corporation was aboliahed at the close
of June 30, 1957, by Beorganitation Plan No. 1 of 1957, and Its
remaining functions were transferred to the Housing and Borne Finance
Administrator, Administrator of General Services, Administrator of
anall Business Administration, and Secretary of the Treasury.
2/ Federal Home Loan Bank Board is included under "Housing and Home
Finance Agency" through 1955, and under "Independent offices"
thereafter.
Beginning
1957, Federal aid for highways is excluded from budget
i/
expenditures and included in trust account expendlturea ( see Table 1).
Uj Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the
Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.O. 1027),
Source:
^
6/
jj
8/
2/
10/
-8
12
13
22
22
26
25
3a
1*2
77
62
61*7
5
55
65
57
3,61.8
33
397
15
1
2U
and operations of the merged agencies (as mixed -ownership corporations) were classified as trust enterprise funds (see "Trust Account
and Other Transactions," Table 3); previously the operations of the
banks and the corporations, respectively, were classified as public
enterprise funds and were included net in budget expendlturea.
Alaska road construction la included under Interior Department
through 1956 and under Commerce Department beginning 1957.
Figurea for the flecal year reflect the reclassification of the
Informational Media Guaranty Fund from "Funds appropriated to the
Preeldent" to "Independent oft ices"; the monthly figures prior to
April 1958 have not been revised accordingly.
Federal civil Defense Administration la included under "Independent
offices" throi^ 1958 and voider "Executive Office of the President"
thereafter
Effective July 1, 1957, remaining functions of the Federal Facllitlea
Corporation were transferred to General Services Administration from
the Treasury Department, by Executive Order 10720 of July 11, 1957.
Totals Include allowances for contingencies of $200 million for 1959
and $100 million for i960.
In the estimates for 1959 and I960, the Civil Aeronautics AdministratH'
and the Civil Aeronautics Board are no longer Included under "Commerce
Department"; the Federal Aviation Agency, including the former Civil
Aeronautics Administration, transferred to the new Agency pursuant
to the Federal Aviation Act of 1958 (P.L. 85-726, approved August 23,
1958), and the Civil Aeronautics Board are included under "Independent
offices."
Bemsinlng footnotes on page 3.
February 1959
-BUDGET RECEIPTS AND EXPENDITURES.
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of December 31, 1958
(In mllllona of dollars; negBtive fl^uree are deductlono In the columns In which they appear)
Addltlona, fiscal /ear 1959 to date
liiexpended
balances
brought
forvard
Juij 1, 1958
Increaaoe
Approprlatlone
Total
173
125
3
'•5
55
5,895
12,323r
366
10,167
U,862
372r
1.5
55
55
3,301.
3,301.
150
33
8
670
51
2U6
It
i.,586
9,185
1.75
1.75
187
3,912
iiua
U0,81t0
857
9U5
2,5»'6
-1
3Uli
717
21.
25
628
U6o
98
2,916
l<5
230
507
350
210
8,308
28
72,0^9
72,327
55
2U
32
,036
,611
193
828
{i/
5/
6/
2,51.5
71.1
73,253
97
Itieipended balances December 31, 1958
Bsecisalons,
cancellationSi
and other
adjustments
8/
28
Undisbursed
appropriations
Uhuaed
authorizations to
expend frcm
debt receipts
Ui funded
contract
authorizations
Investments
held
2/
51
137
11.6
31.3
1,11.6
630
9,955
77
6,71.2
7,535
61.2
lU
,125
190
288
1,376
570
,535
52,361.
U21
9,027
61.2
7,890
3,909
5,321.
39
63
633
52,361.
753
753
390
-81.
81.
-81.
,'•53
1.23
2,031.
2
583
128
80
127
596
2,036
663
128
538
389
157
538
389
157
1.22
151
l.,352
,079
2U
Total 2/
198
2U
77
7,163
17,051
2U
6
31.7
-26
230
507
350
210
8,308
28
55
7,11.1
2,789
50
50
9 10/
78,6U6
39,906
Details for the current fiscal year to date
Source:
B'oreau of Accounts.
are shown in the monthly Bureau of Accounts report "Appropriations and
Other Authorizations, Ripendltures and unexpended Balances".
Includes sane categories as shown for unexpended balances at the end
1/
of the current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding pvirchase orders and contracts for equipment and supplies, for payrolls, and for similar Items.
i/
1.51
3
857
(net)
Total
9,368
UO,81tO
Expenditures
Independent Offices jJ
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Conmerce De partment jJ
Defense Department:
Military functions
Civil functions
ttodlstributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor De partment
Post Office Department
State Department
Treasury Department
^
District of Colunbia - Federal contribution and loans
ISlclassif led expendlt'jre transfers
Adjustment to monthly statement of receipts and
expendit'jres of the government
108
32,085
286
Agency
Legislative Branch
s/
-17
Deductions, fiscal
year 1959 to date
The Judiciary
Executive Office of the President
Funds appropriated to the F*-esident
Tranafere,
borrow Inge,
Investments
6/
Other
authorlzatlona
^
1/2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent Offices jj
General Services Alminlstration
Bousing and Home Finance Agency
Agriculture Departnent
Commerce Department jJ
Defense Department:
Military functions
Civil functions
lAidlstrlbuted foreign transactions
Heslth, Education, and Welfare Departjaent
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Colijable - Federal contribution and loans
UhclBQsif led expenditure transfers
Adjustanent to monthly statement of receipts and
expei^ltures of the government
Author 1 r a 1 1 ona
t.o expend
from debt
receipt 8
Includes reappropriatlons.
ConBlats of authorizations by law for Government-owned enterprises
to borrow (1) from t:he Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate either
current or prior contract authorizations.
Consists of transfers between appropriations; net borrowings from,
21.
,037
1,537
971.
105,191.
or repayments to (-), the Treasury and the public under authority to expend from debt receipts; and net investment in, or
sale of (-), public debt securities and certain guaranteed
securities issued by Govemn»nt enterprises.
2/
8/
2/
10/
•
Civil Aeronautics Adminlstrstion and Civil Aeronautics Board,
formerly shown under Commerce Department, are now included
under Independent Offices.
Consists of transfers to, or restorations from (-), the surplus
fund; rescissions, cancellations, or adjustments of borrowing
authority and contract authority; capital transfers to miscellaneous receipts; and other adjustmente.
Public debt securities aixi certain guaranteed securities Issued
by Government enterprises.
This adjustment represents the difference between the monthly
statement figures (based on preliminary reports) and the final
accounts submitted by disbursing officers.
Revised; see footnote 7.
r
Less than $500,000.
:
Treasury Bulletin
.BUEGET RECEIPTS AND EXPENDITURES.
Table 4.- Bxpendlturee and Balances by Functions
(Fiscal 7«ara; In nllllonB of dolIaj-B)
1959 throi^ Seoembsr
FlActlon
code
1958
195^
1955
1956
1.0,336
35,532
1,857
38,U39
1,990
1957
nmber
Srp«ndltts*eB
Major oatlonal aecurltj:
Military defoQse
DoToloiaeiit and control of atomic energy
Stockpiling and defense production expansion
Military assistance
06l
066
067
068
Total Biajor national security
20,619
1,269
212
1,1U5
1,01*5
91.1.
35,791
1,651
588
3,629
2,292
2,6u
2,352
39,062
2,268
625
2,187
li6,90U
1.0,626
1.0,61.1
1.3,270
l.l.,11.2
23,2U6
130
137
1,00U
1,895
1.90
International affairs and finance:
Condtut of foreign affairs
Economic and tecbnloal deTelo^iaent 2/
Foreign Infomatlon end exchange activities
151
152
1,5U
157
1,686
176
1,909
91
121
1,960
100
120
1,616
153
Ul
133
11.9
65
1,732
2,181
i,a6
1,976
2,231.
1,206
5W
66U
150
2,681
57
727
178
767
123
77*
126
699
168
2,798
2,870
3,101.
105
788
176
1.7
1.3
801
175
856
156
308
69
1,618
21
U58
',756
l',793
5,026
2,580
Total International affairs and finance
Teterana' serrlces and benefits:
Veterans* educatloi: and training
Other veterans' reftdjustnent benefits J*/
Veterans' compensation and pensions
Veterans* Insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
^
101
102
103
1*
158
2,Ua2
100
105
106
Total veterans* services and benefits
782
186
I.
,256
I.
,1.57
105
Labor and valf are
Labor and manpower
Public assistance
Promotion of public health
Fromotloo of education
Frcnotlon of science, research, libraries, and museua
Correctional and penal institutions
Other welfare services and administration
328
1.75
1.00
1.58
1,1.28
1,'>57
,558
,797
275
1.69
51.6
290
71
32
203
315
T2
lUO
65
28
137
351
279
56
31
171
518
975
336
31.
20
225
105
2,1.85
2,575
2,821
3,022
3,1.1.7
2,158
1,689
256
217
253
1U2
3,1.86
,1.30
,151
3,165
173
3,900
231
217
305
215
239
297
W.8
255
159
356
150
2,557
l.,389
l.,868
l.,526
l.,389
3,922
1,056
117
935
803
138
1,138
607
U8
37
38
37
38
1.3
1.5
33
35
1.1.
1.3
30
1,51.3
896
392
201
31
UOb
22
28U
U22
U8
UO
289
211
212
213
21U
215
216
321.
53
217
Total labor and welfare
Agriculture and agricultural resources:
Stabilisation of farm prices and farm income 2/
Financing farm ownership and operation e/ 6/
Financing rural electrification and telepbcnas
Conservatloo and development 2/
Besearch, and other agricultural services 2/
351
332
353
35U
355
Total agriculture and agricultural resources
236
201.
291
227 1/
267
375
227
1/
93
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
developnent of land and water
development of forest resourcee
develo^mient of mineral resources....
development of fish and wildlife
.
of natural resources
surveys and administration
UOl
It02
li03
UOIt
1*05
UO9
Total natural resources
31.
35
925
162
62
51
59
38
1,315
1,202
1,101.
1,296
370
586
275
312
37
31.9
6I.7
1.20
253
356
56
-115
251
35_
171.
UU
59
60
69
35
3U
56
Conaerce and housing :
Promotion of water transportation
Provision of highways
Promotion of aviation and space flight
Postal service
Conmiunlty develojment and facilities 2/ 10/
Public housing programs 11/
Other aids to bouaii^ ^f\Zl
Other aids to business U/ll*/
Regulation of comierce end finance
Civil and defense mobilisation
Dlaaeter insurance, loans, and relief 15/
511
512
513
51U
783
1.63
365
UO 8/
295
518
U
1.9
31
60
-60
671.
-11.2
270
19
-330
-1.01.
-83
59
78
51
228
115
1.5
38
Ul
1.5
1.9
63
1.5
58
1
12
1.3
65
21
66
21
31
27
1
817
1,501.
2,030
1,1.55
2,109
1,U38
601
602
603
U9
29
8
60
31
77
38
90
88
U3
1.0
Ul.
10
9
9
60l>
1.1.9
•31
1.75
1.76
10
502
605
606
607
606
609
610
155
93
26
160
16U
115
161.
191.
331.
627
38
187
2b
6
283
1U8
50
2U
109
515
516
517
518
519
520
521
Total cooBkerce and houaii^
-UOl
8/
72
General government:
Legislative functloDs
Judicial fmctlons
Sxecutlve direction and management
,
Federal financial management
General property and records managemsat
Central peraonnal management and employment costs....
Civilian weather services
Protective services and alien control
Territories and possesslcEis, and District of Coluabla
Other general govemmsnt
Total general government
Footnotes at end of table.
53
25
157
67
213
139
188
69
238
1,235
1,199
1,627
(Continued on following page)
31.
239
lUO
39
199
71.
73
52
51
20
25
1,787
1,356
765
february i9J9
-BUKJET RECEIPTS AND EXPENDITURES.
Table 4»- Expenditures and Balances by Functions
-
(Continued)
(Fiscal yeare; in lalllloaB of dollare)
1959 throi«h December
Function
code
19^
1956
1955
1957
1958
Expendituree
nuaber
Unexpended
balances and
of period
1/
Interest:
Interest on the public debt
Interest on refunds of receipts.
Interest on uninvested funds....
Total Interest
651
652
653
,
6,382
6,370
6,787
7,2Uli
7,607
3,61.8
83
5
62
5h
57
7U
31.
6,U70
6,U38
6,8li6
67,7T2
61t,570
66,5110
6_
5_
6
It
3,852
37
U
7,689
3,686
3,89a
71,936
39,906
105, 191*
8_
7,308
U&dietrlbuted
Total net budget expenditures.....
neuna
tor 195l»-58 are from the i960 Sud«et of the mited Statss
L, Including chongee In claeslflcatlon;
flguroa for 1959 are baaed on reporte by GoTemment dlaburali^ officera
and are claaalfled by IndlTldual appropriation Iteme. Expendlturea are
net of public enterprlae fund recelpta.
Tor deacrlptlon of Iteme Included eee Table 3* Althoi^ not expended, a
aubatantlal portion of theee amounta la obligated for outatAndlng
purchase ordera and contracts for equlpsent and euppllea, for payrolla,
and for almllar Iteaa.
See footnote 5Szpendlturea for 1959 Include those made from "Readjuatment Beneflta,
Veterans' Administration, " applicable to fuictlonal classification 102,
the separate amounta of which cannot be readily determined.
See footnote 3
Sxpendlturea for 1959 Inclixle those for emergency assistance to Pakistan
wheat, and to friendly peoples, applicable to functional classification
152; for emergency feed program cost of coanoodltlea, applicable to
fimctlonal classification 352; for loan to Secretary of Agriculture for
conservation program, applicable to functional classification 351*; and for
transfers and other costs for eradication of foot-and-mouth disease and
brucellosis In cattle, applicable to functional classification 355. Theae
expenditures were made from "Commodity Credit Corporation Capital Fund"
and the separate amounts cannot be readily determined.
Kipendltures for 1959 include those for farm housing made from "Loana,
Farmers* Heme Administration, Agriculture," applicable to functional
classification 517, the separate amounta of which cannot be readily
determined.
Source:
2/
OoTenment, Special Analjala
1/
1^
8/
-
1^
6/
—
—
12/
ii/
lit/
12/
69,1*33 1/
8/
For shift of Federal Intezioedlata credit banks frcn budget to
trust account classification effectlTe January 1957, see Table 2,
footnote U.
Excludes Federal-aid highway expenditures, which are fflade from
the Highway Trust Fiaid beginning with I957 (see Table 1, footnote lU); corresponding expenditures for previous years are
included In budget expenditures.
See footnote 11.
See footnote lU
Expenditures for 1959 Include those for coanunlty facilities grants, loans, and advancee, applicable to functional classification 315> and loans for Alaslca and prefabricated housing
applicable to functional classification 517- These expenditures
were nade from "Bevolvlng Fund, Liquidating Programs, Office
of the Mffllnlstrator, Housing and Home Finance Agency" and the
separate amounts cannot be readily determined.
See footnote 6.
Sxpendlturea for 1959 Include those for dleaoter loans and relief
made from "RctoItIi^ Fxind, anall Business Mmlnlstratlon," applicable to functional classification ^21, the separate amounts of
which cannot be readily determined.
Expenditures for 1959 include those for lending program
public agencies, made frcn "Beconstructlon Finance Corporation
Liquidation, Treasury" and applicable to functional classification ^15, the separate amounts of which cannot be readily
determined.
See footnote 13
..
.
.
Treasury Bulletin
.THUST ACCOUrr ATO OTEHi TRABSACTIOHS.
Table 1.- Summary of Trust Account and Other Transactions
(In mllllone of dollare]
Fiscal jrear
or ttcnth
Net receipts, or
expenditures (-),
frcn truat account
and other transactions
Trust and deposit fund accounts
Net receipts, or
expenditures (-)
679
1951
1952
1953
195k
1955
3,852
3,855
3,760
2,386
991 1/
''35
328
231
7,796
8,807
8,929
9,155
9,536
,
arket
-3,557
-3,636
-3,301
3,9''5
i',952
5,169
6,769
8,51.5
Net sale or redemption
{-), of securities of
Corerrunent agencies In the
381.
-72
-25
-1.
-2,051.
-1,362
1/
l/Zj
6oe 1/
-2,617
-2,300
-197
11,685
9,1.35
633
2,250
1,U09
262
16,329
12,959
16,068
-6311
-1,299
17,585
18,861.
388
-182
218
20,l>77
20,259
-956
277
556
-65
51.1
225
-171
6U
lUa
101
1956
1957
1958
-191.
1959 (Bat.)...
i960 (gst.)...
195
U ,369
173
1,085
567
-831
820
338
367
1,681.
1,651
1,317
March
-273
-1.37
1,127
1,561.
April
Haj
June
-13
-11.7
279
-lUk
768
508
1,331
2,131
2,069
1,1.79
137
-553
1,363
1,561
-597
-332
-729
July
August. .
September
-376
-200
-675
5^3
-511
1,111
1,956
885
-572
177
-2U8 i/
1,025
1956 -January..
February.
81.
-8U
October..
November.
December.
352
-37
1,786
330
1,1.12
-1.70
1,397
311'
519
1,1.86
1,597
1,310
1,171
1,''19
-31.
-31
10
-3
-32
-37
-28
212
239 2/
1/
and excluded from net investment by Govemasnt agencies In public
debt securities (see Table k) and frcn net redemption or sale of
dbligatlons of Government agencies in the market (see Table 5).
Figures previously published for the fiscal year 1955 have been
revised to the new classification basis.
Includes giiu-anteed securities beginning I955 (see Table U).
Differs frcn Monthly statement of Becelpts and Expenditures for
December 1958, because of error in classification In that statement.
Actual figures through 1952 are from the dally Trwaaury atatement and thereafter from the aonthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II}; estimates are from the I96O Budget document, released
January 19, 1959, Includli^ effects of jroposed leglalatlon.
Ubder a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
enterprises are incluled in deposit fund accoimt expenditures (net)
Source:
1/
Net sale, or Investment
(-), by Oovemiuent
agencies In public debt
securities
Srpendlturee
Pecelpts
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Truat
Fund
Fiscal year
or month
1956
1957
1958.,
u,685
1959 (Eat.)...
17,565
i960 (Eat.)
20,1.77
11., 369
16,329
InsLO'ance
Trust Fund 1/
y
lllemploy
inent
Trust
Furei
Rational
Service
Life Insurance Fund
1,51.2
681.
3,932
1,61.3
i.,5l6
71.2
5,080
5,586
737
700
1,591.
1,1.92
786
637
7,003
7,159
7,900
339
9U3
8,1.38
10,1.57
1,056
981.
Government
Life
Insurance
Fund
86
87
79
78
78
1,1.25
619
590
1,726
1,912
1,855
6I.9
73
608
695
61.0
69
67
1,008
962
1,905
61.7
65
2,018
659
86
UU
177
1.2
1.5
28
38
2
739
723
Federal
employees'
retirement
funds
Highway
Trust
Fund
2/
850
912
961
691
708
Other trust
accounts
1/
51.5
597
UOl
1.57
1.1.9
1,025
1,397
1,1.82
1,1.58
2,131.
U67
681
638
1,722
1,682
2,11.3
673
62
2,912
670
3
123
3
119
105
151
190
150
51
70
3U1
898
1,127
611.
36
120
75
25
1,681.
April
May
Jtne
1,331
2,131
2,069
768
1,138
916
8U
155
102
20
96
2
2
11.5
51.
1.05
39
38
123
72
133
lU
155
205
Ul
296
168
172
UO
51
July
August . .
September
1,111
1,956
885
1.27
lUl
99
1.0
3
73
3U9
37
39
36
3
U69
38
130
55
177
206
188
-5k
October..
November
December.
1,025
U30
Ul
90
681.
21.9
ko
35
2
1,1.86
22
69
1
152
117
1,171
569
1'5
112
31.
2
137
1958 -January
February
March ....
.
.
820
931.
Source:
Se« Table 1.
1/ See "Budget Recelpte and Expenditures," Table 1, footnote 12.
See "Budget Bocclpta and Expendlturee, Table 1, footnote lU.
Includea District of Columbia receipts from taxes and frcm
Federal contributions, loans, and grants; Indian tribal funds;
Increment resulting froo reduction in the weight of the gold
dollar; and the Railroad Uiemployment Insurance Adalnlstratlon
?\mA for the period 19>l* throi^ November 19^8 (see Table 7
£/
i/
Pallroad
Retirement
Account
678
850
3,1*11
7,796
8,807
8,929
9,155
9,536
1951
1952
1953
195^
1955
Federal
Disability
U
U/
^
1.5
1
116
159
no
180
199
171
it/
53
69
62
2/
69
1.1.
fir treatment thereafter, and for treatment prior to 195** aee "Budget
Becelpts and Expenditures," Table 1, footnote 7).
Does not Include donation of public debt securities amounting to $'«^,800
(par value); see also Table ^.
Net of transfer to miscellaneous budget receipts of $112 million unallocated
Increment from reduction In weight of the gold dollar, pursuant to Public
Law 85-699, approved August 21, 1958 (72 Stat. 698). See also "Mooetarj
Statlstlce," Table 6.
;
February I9y9
-TROST ACCOUHT AHD OTHiH TRAJISACTIOHS
Table 3.- Truet and Depoelt Fund Account Expenditures
(In ailllone of dollars; negative figures are excess of credits)
Trust accounts, and trust enterprise funds (net)
Total
trust
accounts
Fiscal year
or month
etc.
1951
l»,139
3,9»'5
"•,952
Federal Old -Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Tr\ist F\*Ki
776
813
2,95k
575
573
87
85
836
2,511
91.7
2,553
3,136
63
3I.U
1.9
7
65
112
61
62
331
Ul8
1.6
7
56
1.2
6
61
118
97
20
20
29
61.
U26
377
59
59
58
90
109
217
57
58
65
201.
1956
1957
1958
9,''35
9,197
12,959
16,068
12, -^3
16,159
5,551
6,723
8,116
1959 (Est.)....
i960 (Est.)
18,881.
18,855
20,257
9,656
10,578
1.17
20,259
720
668
697
16
18
19
3,1.05
6u
1
181
52U
1958-January,,.
February..
March
1,651
1,317
1,1.87
1,561.
1,532
April
May
June
1,1.79
1,381
1,363
1,561
1,1.23
1,627
729
72U
717
JulJ
August . .
September
1,786
1,606
aui
19
1,1.12
1,1.87
722
20
1,397
1,1.98
71.0
1,597
1,310
l,l>95
1,1.19
1/
Elgbway
Trust
Fund
5I.U
l.,l.87
October.
November
December.
Federal
employees'
retirement
funds
3,ll'8
8,1.89
.
Life
Insurance
Fund
532
515
8,5''5 1/
.
Government
1,393
1,61A
1955
1,1.92
National
Service Life
Insurance
Fund
1,965
195^*
5,298
5,698
7,327
2/
tliemploj -
ment
Trust
Fund
61U
996
588
623
538
321
391
U65
502
585
1,569
2,067
2,750
5,169
6,769
1952
1953
Railroad
Retirement
Account
682
730
900
1,01.9
1,010
1,71.5
77
82
82
271
300
363
11.7
1.11
81.
U30
87
507
591
699
966
1,602
51
30
1.7
15
31.8
1.7
8
320
302
290
1.9
11
1.8
23
63
63
63
7
k
27
28
63
63
207
1*7
67
321.
1,1.79
721
715
l>2
1,503 1/
72U
21.
61.
66
66
3U8
308
63
63
203
265
Ul
U
1.0
222
236
Treasury Bulletin
10
.
TRUST ACCOUNT AM) OTHER TRANSACTIONS
.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
February i959
II
THUST ACCOUNT AMD OTHKR TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In mllllonB of lollare; neaa*<ve figures are excess of »al*?B)
Securities gunrsnteed by the '^Ited States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
Comnodlty
Credit
Corporation
Federal
F«rn
Mortgage
Corporation
-12
-16
-10
-16
1951
1952
1953
-381.
195"*
It
1955
-602 1/
19^
-173
1957
1958
-1,085
-567
72
25
Federal
Housing
Administration
-7
-7
-29
-30
37
37
-30
-33
6
-30
-33
6
-1.
k
9
9
1959 (Est.)...,
i960 (Est.)...
-277 2/
-556 2/
1958 -January..,
February
March
-225
3
3
-ll»2
-2
-101
-1
-2
-1
April
May
lUU
10
10
729
-3
-I
-3
June
-1
-6
-9
-1
-6
-9
6
6
5
-2
5
-2
July
August . ,
Se ptember
31
-10
3
October.
November
December.
32
37
28
-k
Securltlfs not guaranteed by the Uilted States
Trust enterprise funds
Public enterprise funds
Fiscal year
or month
Total not
guaranteed
Total
public
and trust
enterprise
funds
Federal
Intermediate
credit
banks
Federal
National
Mortgage
Association
i/
y
Home
Owners'
Loan
Corporation
Federal
Hone
Owners'
Loan
Corporation
5
..
.. .
12
Treasury Bulletin
-TRUST Accomrr and other trajisactiohs.
Table 6.- Federal Old-Age and Survivors Insurance Trust Fund
{In
Receipts
Fiscal year
or month
1937-50
1951
Appropriations
1/
Total 2/
16,657.1
3,'>11.5
.9
287.1'
25.7
'',066.3
''3.3
'',537.3
9e.>'
333.5
386.6
U38.9
3,931.5
•,516.3
5,080.3
1955
1956
1957
1958
5,585.8
7,003 .U
7,158.8
7,899.9
5,039.6
6,336.8
6,301.2
6,870.U
8,''37.5
1959 (Est.)....
i960 (Est.)
10,U56.5
1958 -January...
February .
SUl.l
897.6
March
61I1.0
April
May
June
1,138.1
915.9
768.1.
July
August.
U27.2
. .
93''.
Septfiaber
October..
November.
December.
1937 to date j/
1*30.2
68I1.5
or month
6, 511' .6
"jTS.I
555.''
1.6
7,874.9
58.2
75.5
7,35k.O
9,276.0
550.0
660.0
532.9
519.8
9,656.0
10,577.5
9,060.0
10,025.0
75.0
76.0
277.5
847.8
558.9
62U.0
1,085.8
687. 1'
62.2
38.7
39.2
l.U
11.0
15.8
719.9
632.6
654.7
680.7
72.0
668.1.
123.1
U2.6
10.6
21.U
9.7
217.6
301.0
917.3
121».6
1.6
5.2
IJ19.9
3.'.
11.9
16.0
9.5
2.5
aw.o
6I1, 760.0
57,999.6
I.USU.I
5,27''.''
Re Imburaenente
to general fund 2/
1955....
1956....
1957....
1958....
.
.
1937 to date jj
124.4
696.7
717.1
841.3
722.0
739.8
697.7
707.6
716.5
720.6
715.3
723.9
703.0
698.8
703.6
ka,895.6
41,069.5
721. .0
50.8
5,360.8
710.5
710.2
711.2
729.3
(Continued)
324.2
Assets, end of period
Administrative expenses
Bureau of OASI
Net Increase
or decrease (
In assets
24.8
141.2
51.9
59.9
24.4
26.0
65.1
62.7
27.1
30.7
30.9
34.5
76.2
93.8
119.4
131.3
1,096.4
1,452.1
37.3
38.4
145.3
169.2
3.3
3.3
3.3
U.9
Investments
liielpended
balance
12,644.8
14,322.8
16,273.1
17,817.6
19,339.9
247.8
412.8
327.0
548.8
702.8
20,580.5
22,043.0
22,263.3
21,764.2
560.5
550.1
765.6
1,048.4
-1,218.5
-121.0
21,594.1
21,473.1
20,759.2
20,699.2
834.9
773.8
10.4
12.7
-378.8
229.1
-62.7
22,014.1
22,243.2
22,160.5
21,249.6
21,319.3
21,331.7
764.5
923.9
826.8
2.5
2.5
2.5
16.4
11.3
3.2
39.1
414.2
198.8
22,199.6
22,613.8
22,812.6
21,362.1
21,733.6
21,764.2
837.5
880.1
1,048.4
3.3
3.3
5.0
15.8
11.1
18.3
-414.1
212.5
-270.5
22,398.5r
22,340.4r
21,475.0
21,689.0
21,502.4
3.2
3.2
3.2
14.4
13.3
17.2
-290.4
-30.8
-154.8
22,050.0
22,019.3
21,864.4
21,148.2
20,997.6
20,953.4
901.9
1,021.7
485.7
891.8
21,864.4
21,864.4
20,953.4
911.0
Source:
See Table 1.
Includes transactions under the predecessor Old-V^ge Reacrre Account.
1^ Beginning Noyember 19^1, total includes small amounts In the nature
of recoTerles from expenditures Incidental to the ojwratlona.
For hasle, aee "Budget Receipts and Expenditures," Table 1, footnote 11,
To corer employees of States and their political subdivisions, under
the Social Security Act Amendnente of 1950 (1*2 U.S.C, 1*18).
Throi^h 1952, consists of transfers frcia general fund for admlnlatratlTe
and other costs of benefits payable to BurrlvoTB of certain World War
II Teterans (60 Stat. 979 and 6h Stat. 512); beginning with 195^,
consists of transfers frcn the Rellroad Retirement Account (see Table 8).
6/ Reimbursement to the general fund pursuant to the Social Security Act
Amendments of I95O and 1956 {^^ U.S-C. »*01 (g) (2)).
12,892.6
1,843.0
1,864.5
1,766.3
1,675.5
-)
12,892.6
14,735.6
16,600.0
18,366.4
20,042.6 2/
21,141.0
22,593.1
23,oe8.9
22,812.6
18.6
.
51.0
66.0
'',333.1
5,551.3
6,723.0
8,116.2
21.1'
October
November.
December
33.0
40.5
'.,''87.5
.0
J24.4
2,627.5
3,275.6
7.1.
12.3
.
3, '.Oil .8
l,l'98.1
1,982.'.
5.2
247.7
July
August. .
September.
11.6
3,375.6
9.6
81*
April.
May...
June..
3,76k.5
1,568.5
2,067.1
2,750.0
555.3
32'' .8
1958 -January..
February.
March
8.0
3.7
3.7
''38.0
''87.5
662.7
352.6
338.4
269.0
Refunde of
taxes 6/
98.6
171.6
1937-50.
1951....
1952 ....
1953 ....
1954 ....
1959 (Xat.).
i960 (Eat.).
pajnaents
296.8
569.1
Tranefere to
Railroad Retirement Account 8/
Benefit
Other 5/
1,517.3
Expendlturea, etc.
Flecttl year
Expenditures other than Investoents
Net eamlnge
on InTeatmente
Deposlta by
Statee ft/
15,131.9
3,119.5
3,568.6
1952
1953
195^
^
mlUiona of dollars)
435.8
-216.7
2/
10/
22,6u.0r
923 .5r
921. 9r
838. Ir
9U.0
Includes adjustments to montblj statement basis.
See Table 8.
tUder the Social Security Act, ae a«nded (1*2 U.S.C. 1*01 (g)
(1)), for administration of Title II of that act and related
parts of the Internal RerenuB Code (26 U.S.C. U80-U82, IUOO-IU32).
(See also footnote 10).
Salaries and expenses of the Bureau of Old-Age and SurrlTora
Insurance are paid directly froia the trust fund beginning 19^*7,
under proTlelons of annual appropriation acts; preTlously they
vera Included in reimbursements to the general fund under the
proTlslons of what is now section UOl (g) (1) of the U, S. Code.
Beginning 195^ figures Include also construction and equlpnent of
Revised.
office bulldli^a.
r
February 1959
13
.TRUST ACCOUHT AHL OTHER TRARSACTIOHS.
Table 7.- Unemployment Trust Fund
(In millloaa of dollare)
Receipts
Ballroad Uiemployioent Insurance Account 1/
State accounts
Fiscal year or month
Dsposlts by States
13,6U5.7
1,362.6
886.7
1,5*1.6
1,61.3.3
l,it39.0
15.1.
1953
195^
1,593.8
l,i'92.5
1,371.1
1,2U6.0
15.0
17.8
1955
1956
1957
1958
1,U25.1.
1,11*6.2
llt.2
1,728.1
1,912.0
1,855.5
1,330.1
27.6
71.1
1,500.7
90.
1959 (Est.)
i960 (Zat.)
1,905.0
£,017.6
1,600.0
1,700.0
100.0
110.0
176.5
28.0
U3.0
168.9
12.6
7.1
13.7
I6,02lt.9 5/
1936-50
1951
1952
1958-January
February.
March
.
April
May
Jime
July
August.
September
.
.
97.8
337.8
99.3
36.5
15.6
.
89.6
.
21t9.2
77.0
236.5
111.6
30,15'».0
October.
November
December .
1936 to date 6/
1,301..
161.. 1
202.8
.2
22l(.l>
It
181..5
1.6
3.6
3.2
167.8
71.2
33.5
199.1
198.9
22U.8
230.9
5.6
205.0
iOt.O
-.5
-.5
-1.0
1.0
2.7
-.5
38.7
13.2
2.5
91.2
61..3
.5
.7
15.0
9.8
3''9.5
Interest on
InTestmants
u.u
U.9
9.1
39''.
151*.
80.9
.5
81.6
95.5
'•05.3
Tranafera from
general fund
llt.9
l,5l<1.7
.
Transfers from Admlnls
tratlon Fund 3./
Contributions 2/
Federal Itoemplojment Account U/
.8
.3
10.5
12.7
1.1
1.6
6.6
11.7
.8
.1
10.5
13.3
.9
1.3
15.2
1.2
62.0
25,3611.2
1,201.9
336.7
3,031.9
Sxpendltures other than Inreetments
State accounts
Fiscal year or month
Withdrawals
by States
^
7,1.37.9
7,1.37.9
7,l.lU.3
52.0
61.1.3
591.. 7
8,079.2
8,673.9
8,061. .2
1.8.3
1,009.8
58U.0
9,21.6.7 6/
1,71.1..
1,601..
1,965.1.
1,759.5
1,287.0
1,510.7
1951.....
1955. . .
1956....
1957. . .
1958....
1,01.8.6
1,392.6
1,61.3.9
3,11.8.0
1958-January
February.
March. ..
2, 951..
2,511.5
8,072.U
2,926.1.
2,750.0
2,375.0
1.07.5
1/
335.5
268.2
-1,292.5
8,789.8
9,057.9
7,765.1.
201. .3
-1,0U9.3
136.5
-1.93.9
6,716.1
6,222.2
6,700.6
6,200.6
15.5
21.6
.9
-300.3
-151.. 1
-390.1
8,806.1
8,652.0
8,261.9
8,783.6
8,637.3
8,257.5
22.5
7,931.1
7,959.1
7,899.0
7,765.1.
7,720.6
32.1
IU.7
UU.8
7,1.90.6
51..
7,578.0
7,336.6
13. 7r
8,1.51..
399.3
353.1
26.9
31.8.3
328.1.
19.9
-330.8
28.0
-193.7
July
August
September.
320.1
302.5
289.6
302.3
277.9
261.6
17.8
-220.8
October. .
November .
December .
207.2
208.9
265.2 2/
182.5
178.8
239.5 2/
23,01.0.3
21,376.9
21.
.2
7,9l.U.l.
5.1.
10.5
88.3
82.3
1J..6
11..
U.U
23.6
1..5
-253.1
7,5W..7r
7,591.7
7,31.5.9 8/
21. .2
.5
-117.7
7,228.2
7,183.6
20.1.
3.7
1.6.3
7,271..
25.0
.7
-153 .6
7,120.9
7,21.3.1
7,111..0
UU.6
31.U
7.0
7,120.9
7,111. .0
7.0
1.7.0
21..
7,113.7 10/
1,51.6.8
administrative expenses.
Excess funds of the Railroad Unemployment Insurance Administration Fund,
transferred mder act of October 10, 19UO (U5 U.S.C. 361 (d)).
Excess of collections from the Federal Uhenqjloyment tax over employment
security administrative expenses, to be used for a $200 million reserve
In the Federal unemployment accoimt available for advances to States
under act approved August 5, I95U (1.2 U.S.C. 1102).
Total IncliKies $107.2 million transferred from state accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (U5 U.S.C. 363).
8/
^
-51.0.0
U26.3
377.3
25.6
6/
2/
U/
8,991..
April.
May...
June ..
21..
Source:
See Table 1.
1/ Excludes interim advance of $15 million from the Treasury and subsequent
repayment, both taking place in the fiscal year I9U0.
i/ Contributions under the Railroad liiemployment Insurance Act of I938, as
amended (U5 U.S.C. 36O (a)), in excess of the amount specified for
1/
.1.
21.
1936 to date 6/
23.6
15.0
26.9
9.7
205.9
105.7
133.1
221.6
-252
318.9
305.9
392.5
31.3.8
8,61.7.1
Ulexpended
balance
9,237.0
8,989.0
8,H.3.8
8,701.5
8,975.7
7,720.6
97.3
lUO.O
330.6
U18.I
.
Investmente
Administrative
expenaee
Benefit
Payments
81.8.3
8,587.0
900.3
1959 (Est.)...
i960 (Est.)...
Net Increase,
or decrease ( -),
In assets
1,000.3
912.6
1936-50.
1951. .
1952....
1953....
.
Aasets, end of period
Railroad Unemployment Insurance
Account 1/
2/
10/
r
9.3 8/
Includes adjustments to monthly statement basis.
Includes transfers to the Railroad Unemployment Ineursnce Administration Fund as follows: $9.7 million in I9U9 and $2.6 million in
1950, representing adjustment for over-collections due to retroactive change in tax rate (U5 U.S.C. 356).
Includes an adjustment of $7.2 million pursuant to Public Law
85-927, approved September 6, 1956, which requires that the Railroad
Unemployment Insurance Administration Fund shall be maintained in
the Unemployment Trust Fund
Differs from Monthly statement of Receipts and Expenditures for
December 1958, because of error in claasification in that statement.
Excludes adjustment pursuant to Public Law 85-927; see footnote 8.
Revised.
U
..
-
Treasury Bulletin
11^
-TRUST ACCOUHT AND OTHER TRANSACTIONS
Table 8.- Railroad Retirement Account
(In mllllona of doilara)
Receipts
71ecal year
or Bontii
Appropriations 1/
1936-50
1951
U, 088.0
"•,326.5
561.0
829.7
1952
1953
90 .8
750.8 2/
653.0
619.2 2/
It
7"»2.3
I95I'
717.9
1955
1956 1/
1957
1958
699.9
739.3r
722.6
695.2
615.9
57U.9
560.0
575.0
110.0
112.5
18.7
77.7
6.6
8.6
1.8
631* .3r
25.3
86.3
April
Hay
20.5
17.0
72.1'
70.2
lt3.0
133.0
IU1.3
72.9
October..
.2
21.9
69.1
W..7
20.6
67.8
1*3.7
1.3
l.U
1.0
1936 to date 6/. 10,U30.5
9,292.6
1,013.5
No7e]nber
December
UU.5
338.1.
269.0
776.1.
813.1.
62.7
60.7
61.9
3.U
2.2
89.9
16.7
72.2
UU.O
,
2,078.1
316.2
1.65.1
585.1
610.6
682.0
729.7
1958 -January .
Pebruary.
March
.
2,082.6
321.0
390.7
70.2
78.9
89.3
121..
.6
.5
121.. I.
Trans fere
to FOASI
Trust Fund
Administrative
expenses
i/
101.0
105.0
106.7
120.3
l,008.1i
July
August .
September
238.5
Benefit
payments
502.0
1959 (Bet.)...
i960 (Bat.)...
Jtjne
Invoatments
98.7
598.9
962.5 2/
Expenditures other than InTestnients
Trans fere
from FOASI
Trust FMid
2/
6,71.8.1.
8/
381. .6
1.58.9
U81..6
U.6
569.3
9.6
596.1.
7.1.
669.7
719.5
5.2
1.6
758.0
801. .0
Net
Increase
or decrease (-)
in aeeets
Aaaeta, end of period
iDTestaenta
Ulexpeoded
balance U/
February 1959
15
-TRUST ACCOUNT AHD OTHER TRAHSACTIOHS
Table 10.- Investments of Specified Trust Accounts In Public Debt Securities,
by Issues, as of December 31, 1958
(in
mUllona of dollars)
Federal Old-Age
and SuTTlTors
Insuranoe Truat
Fund
Public loBuea:
Treasury notes:
3-1/2*
3-1/2
-
It
-
3-5/8
-
1»
-
3-3/U
2-5/8
-
-
Series
Series
Serlea
Series
Serlea
Series
Serlea
B-1959
A-I96O
A-1961
A-1962
B-1962
C-1962
A-1963
25.0
"17.5
119.1
176.0
15.0
20.0
30.0
Treasury bonds:
2-l/l»*
-
2-l/it
2-3/li
-
2-1/2
2-1/2
2-1/2
-
2-1/2
2-1/2
2-1/2
-
-
1959-62 (dated 6/1/U5)
1959-62 (dated ll/l5/i»5)
1961
lO.U
58.6
U6.5
1963-68
-
I96I1-69 (dated U/15/U3)
1961* -69
2-5/8
2-1/2
-
3
-
2-1/2
-
1965
1965-70
1966
1966-71
2-1/2
2-1/2
2-1/2
-
u
-
3-7/S
-
3-1/'*
-
3-iA
-
3-1/2
-
3
-
2-3/lt
-
3.3
2.0
.
1961
1962-67
1963
-
-
.9
.
26.3
77.8
(dated 9/15 A3)
211.9
"•56.
25.0
308.1
1967-72 (dated 6/1/U5)
1967-72 (dated lO/20/l.l) ..
1967-72 (dated U/l5/'t5)...
2.6
152.2
9.8
.
26.5
25.0
1969
191k
1978-83
1985
1990
1995
Invostnent Serlea B-1975-80
Total public Issues
56.5
85.2
l,061i.9
3, 202
.It
Special laauas:
Certificates:
2-1/2J
2-5/8
-
Serlea 1959
Serlea 1959
5,308.U
3,759.9
-
Series 1959 to 1963
Series 1959 to I963
3,860.0
-
Serlea 1963-1968
Notes:
3*
2-1/2
Bonds:
2-1/2*
Total special lesuea
Net inamortlzed premium and discount
Accrued Intere st purcbaaed
Total InTestoents
Bureau of Accounts.
Ifss than $50,000.
Source:
•
It,
825.0
17,753
Railroad
Hetlrement
Account
UhemplOTHient
TruBt Fund
Treasury Bulletin
16
.CASH INCOME AND OUTGO.
The cash Income and outgo data appearing In the
"Treasury Bulletin," beginning with the February 195^
leeue, are on a baele conelatent with receipts from and
payments to the public as derived In the 1957 and sub-
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
through
sales of their own securities.
sequent Budgets of the United States, Special Analysis A.
enterprises
Reconciliation to cash deposits and withdrawals In the
It excludes changes In the public debt which do not rep-
account of the Treasurer of the United States Is shown on
There Is also
the same basis as In the Budget documents.
resent direct cash borrowing from the public. The net
effect of all these transactions with the public Is
reflected In changes In the balance In the Treasurer's
shown the amount of net cash borrowing from, or repayment of
borrowing
to,
the public.
By these arrangements, data In
account and In cash held outside the Treasury.
accordance with the Budget classifications are made availfigures for back years have been
able month by month,
Cash transactions through the Treasurer's account are
revised where necessary In order to make them as nearly
similar In general concept to those Included In the Budget
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
affect the balance In that account.
differ somewhat from those published In earlier Budget
documents as well as In the Bulletin.
authority,
series, but are limited In coverage to transactions whlah
On the other hand,
they Include recelpte from the exercise of monetary
^ich
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> t^*
public and the Federal Government as a whole, and therefore
includes transactions not cleared through the Treasurer's
series of transactions with the public Is based on the
Receipts and payments Include transactions both
In budget accounts and In trust and deposit fund accounts.
Operations of Oovemment-sponeored enterprises are Included
United States Government," which Is complied from reports
Inpayments on a net basis as reflected In Treasury reports.
Major Intragovemmental transactions which are reported as
both expenditures and receipts are eliminated from both.
account.
Noncash Items which represent accrued obligations of the
prior to 1953 hoth cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
account.
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 Bonetary authority
(mostly seigniorage on silver)
are
excluded
as
not
"Monthly Statement of Receipts and Expenditures of the
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
Cash deposits and withdrawals In the Treasurer's
account, beginning with the figures for the same year, are
reported In dally Treasury statements.
stateir.ente
For those years
which reported separate classifications for
trust account transactions, etc.
budget results,
February 1959
17
.
CASE DfCOME AND OUTGO
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In mllllona of dollara]
Net caeh traneactlone with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public
Federal payments to the
public
1951.
1952.
1953.
53,390
68,013
''5,797
67,961»
7,593
71,'i99
-5,27'.
1951*.
71,627
67,836
76,773
71,860
70,538
1955.
1956.
1957.
1958.
77,088
82,107
81,893
72,617
80,008
81,651
93,502
March
April
May
June
6,908
11,685
1959 (Sat.).
i960 (Set.).
1956-January.
.
Febriiary.
1959 to date.
-232
-2,702
Treasurer's account
balance , Increase
or decrease ( -)
'.3
68
56
2,919
2,512
1,809
29
Change In cash balances
73
Cash held outside
Treasury, Increase,
or decrease (-)
1,839
-388
-2,299
2,096
-551
-312
331
-202
257
-J.,366
23
1.9
-956
5
5,760
59
l.,159
UO
9^,899
92,875
-13,2'»8
8,516
626
60
60
-J., 31.9
-686
-323
5,37^
7,759
10,U85
6,377
-1,003
1,020
3,976
-36
-107
6
6,7'tO
6
-2,111.
8
-1,101
888
1,682
68
30
187
l.,6a6
6,8lU
7,021
8,015
-2,188
2,686
7
1.12
91.
-111.
-96
-285
5
3
-357
3,619
152
-231
3,596
6,231
.
-5,796
-505
1.9
Equals:
-3,100
October.
November
Itecember .
repayment (-)
Plus: Receipts from
exercise of
monetary
authority
'.,'.71
6,55k
7,936
.
Plus: Net cash
borrowing from
the public, or
2,099
-1,520
July
Auguat....
September.
.
Excess of
recelpta, or
paynents (-)
83,1113
6,509
3,781.
7,912
7,59k
8,283
3,670
-k,128
-569
2
-l.,630
-6?
-1,01.0
2,575
3
1,21.9
288
-3I.8
-1,37k
3
-1,269
-1.50
-U,U3£
-969
'.,027
2
3,003
3
-565
1,991
161
U6
I.
-1,561.
-113
17
-U,788
-131
6,791
8,088
7,200
8,522
-1,732
51
3't,892
't7,5kl
-12,61.9
7,713
Actual figures through 1952 are based on the dally Treasury
statement and thereafter they are baaed In pert also on the monthly
statement of receipts and expenditures of the CoTenuKnt (for
Source:
explanation of reporting bases, see page II); estimates are from
the i960 Budget docimkent, released January 19, 1959, incliailng
effects of proposed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollara)
Fiscal year
or month
1951.
1952.
1953.
Net caeh tranaactlons other than'^orrovli^
Cash
deposits
53, '•33
68,061
71,31.5
1951..
1955.
71,815
67,758
1956.
1957.
1958.
77,079
81,875
1959 (Est.).
i960 (Est.).
1958 -January..
Ftebruary.
Cash
withdrawals
1.5,718
67,791.
76,1.07
71,971.
69,888
71,981.
Sxoees of deposits,
or withdrawals (-)
(
-)
-k,765
-3,61.8
-956
-1,091.
5,253
k,159
8,516
J.,3k9
81,711
93,562
92,875
-12,866
686
5,91.0
-1,050
-52
6,851.
1,01.3
7,153
3,81.7
-155
-2,165
April.
May...
June .
l.,U81.
6,713
11,779
6,70U
6,897
7,811
-2,220
-iSk
3,968
3,298
7,023
8,031
7,290
8,332
7,880
-3,992
-1,309
152
3,197
7,71.5
-J., 51.8
6,381.
6,81.3
7,375
8,1.39
-991
-1,597
.
October.
KoTember
Seoeahar.
.
.
.
,.
1,839
-388
-2,299
2,096
-551
331
-666
7,898
11,000
.
Treasurer's
account 'balance, Increase, or decrease (-)
5,096
2,692
March ....
July
Ax^ust.
September.
^uals:
-5,875
-67k
2,763
2,255
1,579
79,183
83,188
l.,891
borrowing
7,715
287
-5,062
-159
-2,130
82,091.
9l.,577
Plus: Net cash borrowing, or repayment of
-1,101
888
1,682
2,632
1.12
-17k
-3k9
-357
3,619
-638
-k,630
l,2k9
-1,269
2,558
-1,1.21
3,983
2,982
33
-565
1,991
-1,56k
1959 -January.
U,885
7,1.55
-2,570
3,527
957
1959 to date.
39,661
5"., 517
-Ik, 856
11,025
-3,831
Source:
Actual figures are based on the dally Treasury statennt;
estimates are from the I960 Billget docunent, released January 19,
1959, including effecta of proposed legislation. Figures in the
first four colimme of this table may differ so^what from those
originally published In the dally Treasury statement because of
subsequent reclasalflcation of certain transactions.
-
.....
.
Treasury Bulletin
18
CASH INCCME AMD 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 allllona of dollara)
Beoelpts
Fiscal jeor
or month
Budget
(net)
Truet
IntragOTom-
accomt
mental
tremsaotloDs
(S« Table 5)
1951.
1952.
1953.
195k.
1955.
"•7,568
1956.
1957.
1958.
68,165
71,069
69,117
lu ,369
1959 (Kst.).
1960 (Est.).
68,000
77,100
k,786
6,299
9,501
7,796
8,807
8,ge9
9,155
9,536
61,391
6k ,885
6k ,655
60,390
1958.January .
Petaruary.
March
April.
Maj...
June..
.
I.
December.
6,180
2,769
y
Total deductlone
k3
k3
53,390
68,013
71,k99
71,627
67,836
73
Uk
29
1,97k
2,185
2,255
2,183
2,090
29
-107
2,763
3,290
3,553
77,088
82,107
81,893
23
k9
59
-281
Ikl
60
68
56
73
68
56
-210
-32
16,329
3,k93
17,585
20,U77
85,585
97,577
3,87k
k,015
60
60
3,93k
k,075
81,651
93,5oe
820
5,606
7,983
10,628
227
217
135
6
6
233
223
8
lk3
5,37k
7,759
10,k85
201
Ike
1,169
k,6e6
6,906
11,685
7
3
91
273
239
158
3,78k
6,55k
7,936
2
-k88
3
k65
3
93
198
217
560
3,596
6,231
6,791
2
-Jtoe
3
k
150
k8
1,6&.
1,127
1,331
2,131
2,069
1,111
1,956
885
,838
"•,962
,
69,926
y
1,930
2,116
2,199
2,110
2, 061
Reconclllatloo to cash trans*
Biuale: actions In Treaaurer's account
Federal
Adjustment for
recelpta Plus: Beoelpta
net difference
fron tbe from exercise
due to reportpublic
of aonetarj
ing Qjethod (See
authority kj
alao Table U)
23
k9
59
7,208
October..
lovember
73,75''
73,8U
ReoelptB
from
exercise of
monetary
authority
2,739
3,2k2
2,9k6
.
55,36U
70,196
Excess
profits
tax refund
bond redemptions
79,851
85,397
85,W'6
10,785
.
Source:
11,685
3, '•96
'',925
July
Ax^ust
September.
Deductlono from r«celpt6
Lees:
1,025
l,k86
1,171
'',827
19k
7,056
lU
7
5
12,85''
1,167
3
"•,057
271
236
2
155
3
195
21k
556
2
6,793
8,09k
3,79k
6,kU8
7,351
3
3
u
60
6
-tt89
6
8
507
132
-lk9
-199
5
Footnotes follow Table 7.
See Table 1.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals fron the Account of the Treasurer of the United States
(Id mlllloDs of dollars)
ncpendltures
Intra
Fiscal year
or month
Trust
Bud^t
deposit
1/
ftxad
account
67,772
3,65k
5,317
5,288
7,20k 6/
kl.,058
1951
1«52
1953
195k
1955
65,1.06
7k ,27k
Accrued
interest
and other
transnoncash
actions
expenditures
(See
Table 5) (See Table 6)
goTemental
GoTernaentsponsored
enterprise
(not)
y
-IkO
3,87k
k,015
1,870
510
9k,899
92,875
618
-367
377
$,377
6,7kO
6,509
566
51
-960
296
2,739
3,2k2
3,k93
9k3
-811
9,k36 2/
12,961
16,069
1959 (Bt.)...,
1960 (1st.)...
80,871
77,030
I8,e6k
20,259
887
100,6k2
112
97,k01
1958-January .
February.
March
6,011
5,528
5,7k9
1,651
1,317
1,56k
-k»l
-255
-291
7,221
6,590
7,0E1
227
217
Ajrll
May
June
6,122
5,8k6
6,621
l,k79
1.363
1,562
-6
8
78
7,59k
7,816
8,262
19k
Ikk
July
August
September
6,613
6,196
6,633
1,786
l,kl2
1,397
80
77
187
8,k79
7,687
8,2lB
Ootobar.
HoTember
December.
7,lkk
6,237
7,080
177
120
e,9lS
7,666
8,623
Source:
See Table 1.
8/
12k
y
72,617
80,008
e3,kl3
615
76,299
a2,k39
87,377
8,5k6n
66,5kO
69,k33
71,936
1,597
1,310
l,kl9
From cash
held outside
the Treasury
kTO
2,061
32k
k5
-629
2,U0
6k ,570
.
Payments to the public not
Less:
reflected In the Treasurer's account
-257
312
-366
-119
-k35 6/
96
1,930
2,116
2,199
1956
1957
1958
.
Iquala:
Tederol
pajnents
to the
public
k5,797
67,96k
76,773
71,860
70,538
k8,oae
70,359
79,kk3
7k,5k2
73,21k
291
Beconclliatloa to cash transactions
in the Treasurer's accoimt
Deductions
from expenditures
Lfss:
135
1,167
275
279
kT2
512
271
236
-lk3
155
-221
195
21k
556
695
252
-k56
rrca proceeds of sales
In the market of agency
obligations and public
debt securities (See
Table 7) 1/
202
-5
Adjustment
for net
difference
due to
reporting
method
(See alao
Table 3)
79
170
155
256
230
-210
Ilk
-107
399
5k9
506
-281
Ikl
-32
323
-68
15
-30
-187
kS
51
6,8lk
7,021
8,015
-9k
-152
5k
7,912
7,59k
8,283
65
-266
8,ce8
7,200
8,522
-161
-46
113
231
k50
FDOtaotee follov Table
78
6k
-k89
132
507
-lk9
-199
91
69
17
k6
-k88
k65
k3
21
-k02
150
18
48
93
February 195')
19
.CASH INCOME AND OUTGO.
Table 5.- Intragovernmental Transactions Excluded from Both Receipts
(In
alUlone of dollars)
..
-
)
Treasury Bulletin
20
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net barroving , or repajnuent of borroviiie (-); In millions of dollare)
Change In public debt and agency obllgatlone held by the public
PlGcal year
or month
Public debt
Increase, or
decrease { -
1951
1952
1953
195^
1955
-S,135
3,883
1956
1957
1958
-186
602
269
-1,623
173
-2,22li
1,085
567
872
86
-167
-559
163
-118
18
6
UZi
^
78
91
30
-112
-268
589
312
-10
97
22
-19i
-31
10
73
-2
-311.
-15
-8
-1.98
Ul(l>
26
-79
-3
163
-323
9
-2l»
2,626
-1,311
-2,055
101
2,1.33
-lUU
595
691
-31.
-729
-32
-37
-28
7
7
11
Issuance of public debt securities representing expenditures, or refunds of receipts 57
Adjusted
service
bonds
6/
Armed
forcee
leave
bonda 6/
Notes to
International
Monetary
Fund 6/
Sxcese
profits
tax
Total
deduc
tlona
refuaad
13
-9
1.89
28
109
156
722
1959 (1st.)
1960 (Sat.)
?25
-2
liOO
-2
175
-671.
-1.50
251.
1,170
680
-5,796
-505
618
(M.
2,919
2,512
1,809
623
-292
-200
-*,366
-3,100
5,760
1,693
396
8,516
-13
18
-U.
-8
-56
-67
-36
-107
-2,U1>
2,686
-11
-121
-51
l.,210
- 121.
3,lW»
197
-52
Lees:
Transactions
not
reflected
in
the
79
170
155
256
Equals:
Net cash
borrowing
thro\«h
the
Treasurer's
account, or
repayment (-)
-5,875
-671.
230
2,763
2,255
1,579
399
-*,765
5>i9
-3,61.8
506
5,253
8,516
-686
31
April
May
June
-28
-291
Treasurer's
account 8/
bonds 2/
-21.
-7
-6
Xquala:
Net cash
borrowing
from the
public or
repajDent
(-)
-160
-68
March
2,561
Deductions for noncash and other transactions
638
758
718
388
-18
-159
-2,181
131.
19
-520
-219
-e50 i/
1.56
-686
15
-52
1.8
-155
•2,165
51
-4
-125
1.3
25
68
-96
5k
78
66
-78
-6
-285
6I>
-3U9
56
65
56
11.
-569
2,575
69
17
-638
-13
70
51
2,558
7
63
-1,37<>
1.6
-l,ll21
123
61
3,963
2,962
11.1
76
1.
5,560
10,209
-288
-19
-121
-21U
1956
1957
1958
See Table
-3,392
1^1
1U2
-8
Source:
-3,71.3
1.1
225
-11.
October
Novaaber
December
5U9
105
101
36
91
12U
521.
,
3,130
2,1.5U
-31.3
1.97
July
August
September
3,61.0
1/
171
266
1955
FetruGtry
2,516 2/
2.262
UI.6
-5,308
175
ll>6
Net
accrued
interest
on
savlf^s
bonds and
Treasury
bills t/
1958-January
179
153
810
Less:
1953
195^
81.
101
79
-77
126
380
-138
1951
1952
lOii
-139
m
Fiscal year
or month
3,369
3,355
3,068
1,686 1/
1,236
120
-877
3,009
-1,810
December
1
Governmentsponsored
enterprises
-508
1958 -January..
Fela^ary.
March
October.,
33
11
!
7">8
8,657
ovember
37I'
I
Equals:
Increase in
securities
held by the
public , or
decrease (-)
277
556
1959 (Kst.)...
i960 (Eat.)...
.
Public
enterprise
funds
Trust funds
spon sored
enterprises
10
Ilk
-59
5,816
July
A\«UBt . .
September
Govemmcnt-
Public and
trust enterprise fiAlde
6,966
5,189
3.115
April
May
June
Net investment In Federal
securities by Government agencies
Less:
Plus: Net sale of obligations
of Government enterprises In
the market
70
183
l.,0B7
k3
Ul
3,003
51
18
11.5
Footnotes on folloving page.
21
2,632
-171.
33
February
IWf
zi
CASH INCCKE AND OUTGO
Footnotes to Table 3
1/
2/
^
For further detAll, see "Budget Receipts and Expendlttires," Table 1.
For further detail, see "Trust AccO'jnt and Other Transactions," Table 2
Treated as noncash refund dedijctlona frca receipts when Issued and
as cash refund deductions when redeened.
i/
ConslBta of aclgnlcpra^e on ailrer and incree^^ resulting froa rcdjctlon In the weight of the gold dollar; excljled from recelpta fron
the public but Inclixled In cash depoalta in the Treaaurer'a account.
Leea than $500,000.
Footnotes to Table 4
1/
<J
'}J
For further detail, eee "B-jdget Recelpta and Expenditure a," Table d
For f'jxther detail, see "Truat Acco-^t and 'Dther Tranaactlcna," Tables
Includes net change In balances In OoTemnent-apociaored
3, 'i, and 5.
enterprise deposit fund accounts with the Treasurer of the T>ilted States.
Met operating expendltiiree, or recelpta {-), as aeasured by funds
provided by or applied to net security transactions reflected In
Treasury reports (ace Table 7). To a large extent, these GoTemaentsponsored enterprises aecjre f'Ads for their operations by direct
borrowing from the public or by cashing Federal securities which they
hold, and they apply the net Incooe received froa operations to repayment of borrowing froa the public or to InTeataent in Federal
securities. On that basla, net expenditures for operations are shown
.
U/
^
6/
jj
3/
In ti-.ia table In teraa of the ccoiblned net of dlalnvest^nt In Federal
securities and sale of agency obligations In the aerket, and ivt receipts frcn operations are shewn In teraa of the coablned net of InTestaent In Federal securities and redeaptlon of agency obligations
In the aarket.
Not reported prior to 195**.
Conslata of only those aarket transactions not cleared throi^ the
Treasurer's account.
See Table 7, footnote 1.
Does not Inclale rcTolTlng fund receipts representing acquired
securities aao\«itlng to $1,6^3,070 (par Telue).
Differs frcn Monthly Stateaent of Receipts and Expenditures for
Deceaber 195d» because of error In classification In that etateaent.
Footnotes to Table 5
_y
2/
J
Federal Intennedlate credit bemk franchise tax through December 15^
and, beginning 1953, also relabureeaent by Panaae Canal Coapany for
expenses and services.
Includes reimbursement by Federal Old-Age and S'jrvivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for Adalnlstratlve expenses, and also for refunds of taxes (treated as an
offaet to ref'jnds rather than being credited to receipts) beginning
with 1953 for the forw;r and 1959 for the latter; relaburseaent by
Highway Trust Fund for refunds of taxes; relaburseaent by the District
of ColuBbla; payment of dividends, interest, etc., by Federal Rational
Mortgage Asaoclatlon's secondary aarket operations; and Federal
Interoedlate credit banJc franchise tax and repayaent of capital
stock to the Treasury after Deceaber 195^ and before Jan^jary 1959"onalsts of payment of earnings and repayaent of capital stock to
the Treasury through 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, and by Federal interaedlatc credit
banks beginning January 1959.
Incl'jdea relatively small amounts of deductions from salaries paid
Beginning with
&y truat funda and Oovemoent-Bponsored enterprises.
fiscal year 195^ excludes deductions from salaries of District of
^
6/
•
ColtAbla eaployees (see footnote 6), and beginning with fiscal year
1959 excludes voli^tary contributions.
Consists of payments to eaployees' retlreaent ftnds representing
Ublted States and 0;>vemaent corporation chares of contrlbutlooa;
payaents to the Railroad Retlreaent AccoiAt (for creditable military
service), the Uheaployaent Trust Ftfid, veterans' life Inaurance funds
Judicial S'jrvivors Annuity Fund, tr-jat f-jnd for technical services
and othflir assistance '.Aider the agrlcult'jral conservation program, and
District of Coliatbla; and awards of Indian Claiaa Conailsslon.
Includes payment ^3 District of Coliaibla to the Civil Services retirement fund for Its ahare of contributions, and beginning with 1956
also deductions froa Ita payroll; payment by Railroad Retirement Board
to Federal Old-Age and Survivors Insurance Truat Fund; transfers
froa Civil Service retlreaent f-jid to Foreign Service retirement fund
from 1955 throT^ 1957; and transfers from Railroad Unemployment
Inaurance Administration pmd to t^beaployaent Trust F^Ad through
1955.
Less than $500,000.
Footnotes to Table 6
1/
^
J
zJ
Accriaed discount on savinga bends and bills less interest paid on
savings bonds and bills redeeaed.
Public debt Intareat due and accrued beginning Jme 30, 1955, effective
date of the change In accotaitlng and reporting from a due azid payable
basis to an accrual basis; for 195^*, conalets only of public debt
interest checks and co<jpons outstanding; net increase, or decrease
(-).
Hot reported as a separate clearing acco-Jit prior to 195^.
Treated as noncaah expenditures at the tiae of laauftnce of the
sec^jritles and as caah expenditures at the time of their redeaptlonnet Issuance, or redempticm (-).
lasued In 1936 In exchange for adjusted service certificates held by
^
6/
2/
•
veterans of World War I. The bonds matured in 191*5
lasued In 191*7 to payment for scci»ulated leave. The laat of these
bonds matured In 1951.
Part of the tJhlted States subscription to the capital of the International Monetary Fund was paid In the form of nonlntereat -bearing
nonnegotlable notes payable on deaand (see 19^"^ Annual Report of
the Secretary of the Treasury, pages **8, 350, and 3^5).
Checks outstanding less deposits in transit, and changes In other
accounts; net Inorvase, or decrease (-). Prior to 195** Includes
also public debt Interest due and unpaid (see footnote 2).
Less than $500,000.
Footnotes to Table 7
m
Budget
In this table, beginning 195^, in accordance with treatment
doc'-aaenta, net Investment In Tlilted States aeciirltles by Governmentsponsored enterprises Incl^xles a small amount by other enterprises
regarded as representing net transactions with the public. In Table ^
^»der "Trust Account and Other Transactions," these aaoi^ts are incl'jied in trust and deposit fund account investment.
d
Docs not include Inveatacnta representing acquired securities amounting
to $1,6^*3,070 (par val-jc) and donation of securities amounting to
$45,800 (par value).
blffera froa Monthly State^nt of Receipts and Expenditures for
December 1958, beca-ose of error in classification In that statement.
i*/
2/
6/
jJ
AccT'jed dlsco-jnt on savings bonds and bills, which Is included in the
principal of the public debt, less Interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of lasuance and as cash
transactions at the time of redemption; net issuance or redemption (-).
Excluded from borrowing becaijse the transactions are treated as expenditures In Table 6.
Excluded from borrowing because the transactions are treated as deductions frcn receipts In Taols 3
Market trsnsactlons in public debt secjrltlea and agency obligations.
Lesa than $500,000.
•
8/
•
Treasury Bulleiin
22
.
ACCOUBT OF THE TREASURHl OF THE UNITED STATES
Source and Availability of the Balance in
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust,
deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
tlie
.
Treasurer's Account
account to the tax and loan account In the saTe btink. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
branches.
As the balances In these accounts become dethey are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
pleted,
The tax and loan account system permits the Treasury
to leave funds In banks and In the oonnunltles In which
they arise until such time as the Treasury needs the funds
for its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Oovernment securities.
In most cases the transaction
iTivolves merely the transfer of money from a customer's
In this way the Treasury Is able
fluctuating operations
to neutralize the effect of Its
on bank reserves and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasiiry for 1955,
pages
275-23'4-.
Table 1.- Status of the Account of the Treasurer of the United States
(In mllllong of dollare)
February 19^9
23
,
ACCOUMT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In mllllone of doHars)
Flacal year
or month
1951
1952
1953
WSl*
Proceeds from aalee of securities 1/
Savings
bonds
Savings
notes
3,390
2,226
2,667
3,''37
li,679
3, '•57
U,,li21.
1955
1956
1957
1958
3,,810
2,,976
2,.821.
1957-Dec ember.
223
1958-January.
February
March ....
258
2,231
2,333
During period
Tax
anticipation
Withheld
secxirltles
excise 2/
2, '•51
aiul
10,331
13,579
15,659
19,898
6,971
13,270
10,227
6,568
13,513
20,536
23 ,897
26,709
27,881
5U8
2,762
36
1,328
1,168
3,161
2,726
287
5,21'3
5,01*1
6,861
lt,30ii
977
035
0U3
922
8,167
786
333
252
Income (by
special
arrangement) 3/
April
May
June
2U2
226
3,823
23''
1,029
July
August. .
September
266
22U
209
October.
November
December.
212
192
23U
3,553
3,653
2,930
Source: Office of Fiscal Assistant Secretary; figures are en basis of
telegraphic reports.
1/ Special depoeltarlee are permitted to make payment In the form of
a deposit credit for the purchase price of United States Goverament
obligations purchased by them for their own accountj or for the
account of their cuatoners who enter subscriptions throi^h them,
when this method of payment Is permitted under the terms of the
circulars Inviting subscrlptlone to the Issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
In the depositary banks, as follows:
Withheld Income tax begliuilng
1,091
2,953
2,863
Total
credits
Withdrawals
High
21,716
37,066
'.,791
21.,128
36,1.93
1.1,267
H,6'.l.
2,967
U2,07l.
'.2,5'.5
U,6U
l.,152
39,11.0
U5,ui.e
7,903
55,01.1.
38,871
U6,000
50,908
3,533
1,501
3,1.55
2,127
6,U33
21
5,177
3,179
5,619
9,71.1.
1,168
2,968
2,783
186
1,620
1,218
6,71.5
'.,210
1,086
23
2,901.
2,71.6
1,133
I.
,971.
6,025
±/
It,
113
Bid of
period
5,680
5,106
3,071
U,836
Average
l,'t31
1,'.25
3,208
3,255
6,776
950
l.,212
7, '•93
1,61.9
3,870
7,299
3,991
6,218
6,078
8,869
1,910
1,103
813
1,078
'.,033
3,08U
3,589
1,710
2,779
2,818
2,385
U,67U
1,767
2,837
3,005
103
2,925
5,1.1.7
138
380
1,731
1,782
l.,596
5,216
3,006
6,257
'.,558
'.,730
l.,558
,6lU
3,655
5,129
8,669
,153
,653
'.,696
6,576
5,237
3,262
U,769
3,535
8,055
5,1.00
i»,513
3,262
1,975
1,28U
2,916
lt,998
1,91.8
3,629
l.,879
5,265
'',355
1,557
1,726
3,201.
3,1.68
'"3,303
39,679
5,1. 1.U
5,593
U,o62
5,523
'',365
l.,633
l.,082
8,218
6,293
5, '.09
5,1.86
373
987
21.6
3,61.5
5, 1.31
5,263
'',531
3,218
3,133
March 19'.8; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951: and a
nixnber of excise taxes beginning July 1953.
under a special procedure begiai In March 1951, authorization
may be given for Income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank to be credited to the tax and loan account In that bank.
This procedure Is followed during some of the quarterly periods
of heavy tax payments.
....
.
...
.
,
Treasury Bulletin
Zk
.DEHT OUTSTANDHG.
Table 1.- Summary of Federal Securities
(In mlllionB of do Hare)
Total outstanding
End of
fiscal
year or
month
GuaranPublic
debt
Total 1/
271,31.1
1955
1956
1957
1956
a7'',i'l8
27"., 371.
Ult
272.825
272,751
270,527
107
276,31.3
101
1957-December
275,002
271.
1958 -January..
February.
27U,656
27'., 555
101
27l>,782
271., 679
MeJch ....
272,728
272,62U
103
lOU
April
May
June
275,151
275,7'>9
275,057
275,653
276,1.U1.
276,31.3
1952
1953
195^
270,631.
276,lim.
July
29
U6
debt
252 ,879
256,907
263 ,997
268,990
252,852
256,863
263, 9U6
268,910
87
271,785
269,956
268,592
271., 798
271,7'tl
1.3
81
,898
91.
97
101
teed
securities 2/ i/
Public
52
71.
51
80
1,61.6
1.30
2,021.
81.1
71.6
1.37
1,778
1,721
1,677
1,777
1,720
1,676
609
562
576
733
725
1,611
1,623
511.
1,61.6
1,610
1,622
1,6U6
101
106
117
1,557
1,526
1,662
111
106
108
270,91.8
100
10s
103
273,5'>0
27l.,126
273 ,'.'.7
93
27l.,030
27"., 798
271., 698
96
101
271., Oil
273,910
276,951
October.
November
December
280,323
283,167
283,031
280,2U
112
107
278,672
281,531
278.561
109
280,91.7
280,839
275,001.
281,1.25
Source:
Dail^- Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For amDunta subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
^
1,567
^.35
669
•33
U32
500
597
665
690
618
1.30
1,556
1,525
1,661
U97
632
1.27
1.81
619
626
U25
1,651
1,636
1,650
1,635
5^1
1.23
2,081.
2,061.
903
687
687
757
611
521.
1.31
1.33
U2I.
1.21.
U23
Monetary Fund In payment of part of the United States subscription,
pursuant to provisions of the Eretton Woods Agreements Act. The
notes bear no Interest, are nonnegotlable and are payable on
demand
Includes savings stamps, excess profits tax refund bonds, and
currency items. For current month detail, see "Statutory Debt
Limitation," Table 2.
,
Consists of Federal Housing Administration debentures beginning
March 1953.
Special notes of the ttalted States Issued to the International
)*/
2,633
2,868
securities 2/
(matured)
575
550
525
502
1,271.
2,025
272,777
272,959
277,058
275,122
2,63U
2,869
2,0U2
1,263
1.77
1.60
272,877
273,061
271,051
U8
U19
298
2,125
2,350
1,71.2
,8711
102
108
51i
2,21.2
1,068
618
272
278,1.76
2,370
589
666
529
597
272,977
276,666
2,372
2,2W.
2,126
2,351
2,01.2
1,61.6
73
275,1.66
Total
Other
1/
1.37
106
101
278,581.
276,781.
Guaranteed
Mone cary
Fund ii/
1,302
1,I.U
268,1.86
2711,696
275,568
283,060
282,922
kh
269,883
August.
September
.
Public debt
Guaran-
teed
securities 2/
255,222
259,105
266,071
271,260
255,251
259,151
266,123
1951
Matured debt and debt bearing no interest
Intereet-bearing debt
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Total Interest-bearing securities
End of
fiscal year
or o^nth
Computed annual
Interest charge
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Public debt
and guaranteed securl1/
Public
debt
2 .576
7,21.8
7,21.5
2 .638
7,878
7,876
272,777
272,959
270, 9U8
7,796
7,580
7,382
7,793
7,577
273,51.0
273,1.1.7
7,326
271., 126
27"., 030
7,281.
7,323
7,282
263,91.6
6,1.32
6,1.31
268,910
1955
6,300
6,388
6,298
6,387
1956
1957
1958
269,956
268,592
271., 798
269,883
6,952
7,328
1957-December
272,977
272
,871.
1956 -January..
272,877
273,061
271,051
Febr-jary.
April
May
June
July
August.
September
.
October.
November.
December.
.
Total
public
debt
6,950
7,325
5,71.0
5,961
March
Marketable Issues
271,7'.l
268,1.86
2714,698
7,379
271., 798
271.
,698
7,21.8
7,21.5
2 71., Oil
273,910
276,951
7,210
7,019
7,088
7,208
7,016
7,085
7,370
7,536
7,5^6
7,367
7.533
277,058
275,122
275,001.
278,561
278,672
281,531
281,1.25
280,91.7
280,839
2/
Bills
i/
Certificates
7,5'>3
1.981
2.051
2.207
2.OU3
2.079
2.251.
1.539
1.875
1-875
2.319
1.928
1.173
2.576
2.730
2.638
2.1.27
2.651.
2.707
2.51.6
3.197
1.033
2.889
2.889
2.965
3.510
2.660
2.778
2.T25
2.860
2.778
2.725
2.91".
3.192
2.652
1.988
2.679
2.658
2.638
2.679
2.658
2.638
2.612
2.578
2.51.6
1.182
1.033
2.632
2.632
2.53".
.951
3.329
2.531.
2.37'.
2.I.U3
1.185
1.702
a. 361
2.361
2.558
2.610
2.512
2.836
2.930
2.361
2.361
2.212
2 .730
2.31.2
2.351
2.577
2.577
2.61.7
2.61.7
2.679
2.689
2.679
2.689
Source: Dj lli' Trea3ur;>' statement.
Mote: The computed annual Interest charge represents the amount of
Interest that wo'old be paid if each interest-bearing Issue outatandIng at the end of each laonth or year should remain outstanding for a
year at the applicable annual rate of interest. The charge Is computed for esch Issue by applying the appropriate anni.al Interest
rate to the amoioit outstanding on that date
The aggregate charge
for all Interest-bearing Issues constitutes the total confuted
annual Interest charge. The average annual Interest rate Is computed
.
Total
SonmarketTreasury able
Issues
bonds
Guaranteed
securiSpecial
Issues
ties
1/
11
5,71.0
5,982
1951.
Interestbearlng
securities
2.270
2.329
2.U38
252,852
256,863
1952
1953
Public debt
Total
2.270
2.329
2.U36
2.3U2
2.351
252,879
256,907
263,997
268,990
271,785
1951
Computed annual Interest rate
2.778
2.688
2.621.
1/
2/
^
h/
1.569
1.7U
.81.3
1.1.38
1.399
1.560
1.75^
I.83S
2.327
2.317
2.31.2
2.623
2.659
2.720
2.751
2.769
2.606
2.675
2.71.6
2.65^
2.57:
2.575
2.671
2.565
2.590
2.705
2.635
2.630
2.606
2.611
2.622
1.81.6
2.UU0
2.U80
2.625
2.075
2.U85
2.821.
3.3'.5
2.501.
2.1.62
3.330
2.806
2.576
2.853
2.892
3.699
2.666
2.505
2.875
2.639
2.619
3.699
2.861.
2.505
3. '•51
3. '•51
2.878
2.665
2.51.7
2.555
2.876
2.882
2.885
2.639
2.638
2.637
2.621
2.620
2.619
3.1.50
3. ".SO
2.822
2.820
2.806
2.555
2.555
2.576
2.688
2.890
2.892
2.637
2.635
2.630
2.613
2.615
2.622
2.801
2.790
2.785
2.575
2.585
2.592
2.895
2.897
2.699
2.633
2.635
2.637
2.627
2.625
2.629
2.823
2.823
2.592
2.592
2.592
2.902
2.61.0
2.901.
2.61.3
2.909
2.61.6
2.638
2.623
2.621
3.330
2.95't
2.51.-
by dividing the ccmputed annual Interest charge for the total, or
for any group of Isstms, by the corresponding principal amount.
Exclulea guaranteed securities held by the Treasury.
Total Includes "Other bonds"; see Table 3.
Included In debt outstanding at face amount, but discount value Is
used In computing annual interest charge and annual Interest rate.
The annual Interest charge and annual interest rate or. United States
savings bonds are canputed on the basis of the rate to maturity applied
against the amount outstanding.
February
IWf
25
.DEBT OOTSTANDUC.
Table 3.- Interest -Bearing Public Debt
(In millions of dollare)
..
,
26
Treasury Bulletin
.DEEfT OITTSTANDING-
Table 5*- Special Issues to United States Government Investment Accounts
(In mllliona of dollara)
Federal
Deposit
Ineurance
Corporation
of f local
year or month
End.
3l»,653
1951
1952
1953
37,739
195^
1955
Federal
Federal
Disability
home
Insurance
loan
Trust
banJcs
Fund
868
888
77
50
50
232
1.0,538
1.2,229
''3,250
81.6
''5, 111*
325
996
50
165
892
835
200
Federal
Old -Age
and
Survivors
Insurance
Trust
Fiind
Federal
savings
and Loan
Insurance
Corporation
12,096
86
ll»,01.7
79
61
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Netlcffial
Postal
Savings
Life
System
Insurance
Fund
fil^bvay Service
Trust
Fund
y
5,272
5,851.
1,2
6,168
1,233
5,31*6
6,667
5
3,600
7,391*
1,217
1,200
5,1*81
UOl.
3,1*75
7,738
l.lUl.
822
5,570
5,665
5
18,610
103
103
112
61.0
580
50
18,519
83
7,311*
1,161.
587
5,51*0
1958-Jaji\jflry.
1.5,1.70
710
716
701
617
677
7U7
50
aoo
200
18,203
18,272
18,260
87
89
7,367
1,161
1,156
1,152
611.
5,538
715
8IU
5,531*
5,531
685
687
673
807
917
996
200
200
165
18 ,260
105
109
1,U9
81.9
18,632
18,610
1,112
881.
1,11*1*
822
5,522
5,511
5,665
,027
,112
165
165
18,300
90
1,138
18,511*
9U
1,131
865
807
813
5,61.6
1,126
1,123
1,120
781
586
386
5,632
5,o25
1.5,959
1.5,810
April
May
June
1*5,1. 1.3
1.6,115
1.6,21.6
July
August. ..
September
October.
November.
December.
.
19,1.67
19,1*63
112
7,502
7,589
7,738
1.5,877
673
675
676
1,163
165
18,327
96
7,811
7,905
7,981
1*5,367
1*5,112
670
623
631
1,171
1,200
1,257
165
165
165
17,91*8
96
100
8,019
8,071
101*
8,121*
17,797
17,753
Source: Dally Treaaury statement.
1/ Consists of canal Zone Postal Savings System beginning April 1958.
Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
2/
7,1*29
7,1.83
1*6,313
1*5,996
1.I..81.0
21.
91.
1.5,799
,
8,021.
213
91
1957 -December.
.
9
32
3,31.5
3,1.86
3"*
1.6,21.6
.
6,287
81.
1.6,827
February.
March
1*5?
5,21.9
673
718
673
1,131*
5,659
5,653
5,61.0
Fund
7,266
5,602
15,532
17, 05^
18,239
Other
2/
2,863
3,128
706
552
5,1.36
Unemployment
Trust
2,1.11.
5,191
1,300
1,300
1,299
'.,391
5,011*
1956
1957
1956
52
Railroad
Retirement
Account
7,71-5
13
7,1.79
79
3,531
7,737
7,996
6,671
112
123
3,209
8,038
70
7,721.
72
5
3,322
3,509
20
3,1.66
7,578
7,188
79
127
3,1.51
6,829
113
3,1*61.
6,891.
3,531
6,671
116
120
3,561*
6,UUl
6,529
6,287
127
129
5
3,598
3,581
3,508
3,511
6,12U
3,503
0,055
6,181*
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans* Special Term
Insurance Fund.
Less than $500,000.
120
121*
118
119
117
February 1959
:
.
:
Treasury Bulletin
28
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act Jl U.3.C. 757 b), as
amended by an act approved September 2, 195*, provides
that the face amount of obllgatlone Issued under authority
of that act, and the face amount of obligations guaranteed
(
as to principal and Interest by the United States (except
guaranteed obligations held by the Secretary of the Treasury), shall not exceed In the aggregate S2S3 billion out-
etandlng at any one time. The corresponding limitation
previously In effect, under the act of June 26, 13^, was
In addition, temporary Increases have been
$275 billion.
authorized as follows: $6 billion beginning on August ?f,
1954, and ending on June 30, I956 (acts approved August 22,
I95I;,
and June 30,
1955); 33 billion beginning on July
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included In the statutory debt limitation at current
redemption values.
Table 1.- StatuB under Limitation, December 31, 1958
(In nlll'-ona of doH'>rs;
amount of securities which may be outstanding at any one time under limitation Imposed by the act
of September 2, I958 (31 U.S.C. 757 b), as Increased teu^orarllj by the act of February 26, 1958
MaxitH'jm
286,000
of securities outstanding subject to such statutory debt limitation:
Govemment securities Issued under the Second Liberty Bond Act, as ame ™ied
^jaranteed securities (excluding those held by the Treas'jry)
^jiount
282.''98
109
V. S.
282,607
Total emojct of aecurltlea outstanding subject to statutory debt limitation.
5,393
Balance Issuable under limitation
Sojrce:
Dally Treasury statetDent.
Securities
Table 2.- Application of Limitation to Public Debt and Guaranteed
1958
December
31,
CXitetandlng
(In millions 01 dollars)
Class of security
public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
Total marketable
Nonmarketable
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds. Investment series
Total nonmarketable
Special Issues to Government agencies and trust funds.
Total Interest -bearing securities
Matured securities on which Interest has ceased
Debt bearing no Interest:
Uhlted states savings stamps
Excess profits tax refund bonds
Series..
Special notes of the United states, International Monetary Fund
Uhlted States notes (less gold reserve)
Bank notes.
Deposits for retirement of national bank and Federal Beserve
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Guaranteed s ecurities:
Interest-bearing. .
.
Mat'jred
Total guaranteed securities
Total public debt and guaranteed aecuritiea.
1,
and ending on June 30, 1957 (act approved July 9,
1956); and I5 billion beginning on February 26, 1958, and
ending on June 30, 1959 (act approved February 26, 1958).
1956,
Subject to
statutory debt
limitation
29
Not subject to
statutory debt
limitation
Februani 1959
29
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding December 31,
(In millions of dollars)
1958
30
February 19^9
_DEBT OPKRATIOHS.
Table 2.- Offerings of Treasury Bills
(Dollar aaouDts In KllllonaJ
Descrlptloa of aev lasu*
Itmber of
days to
Maturltj
date
BBtWltj
of
blda
teadarad
taomt
Total uraaBturing GO tured Issues
AMOunt of bids accsptsd
Total
lasua data
of nev
offarlng
outstanding
aTter nev
Isaues
On ccapatltlTs teals
Od noocaapatl-
1,700.0
1,699.2
1,799.8
1,799.9
l,kk8.5
l,klk.k
1,527.7
251.5
28k .8
285.2
272.2
21.7
22.0
230.2
226.6
l,700.k
1,700.0
1,800.8
1,800.2
22,k0e.6
22,k01.8
22,k00.9
22,k00.6
1,565.0
l,kk6.k
l,kkk.l
l,kk0.3
235.3
253-7
356.0
359.5
127.k
33.0
31.6
lk3.k
1,800.2
1,700.2
1,701.0
l.TOO.k
22,k00.7
22,500.6
22,599-7
22,699.1
aaoialt
tlTB baala 1/
In
ezcbanga
Bsgttlar waelElj bllla:
1956-AU8Aug.
Aug.
Aug.
7.
Ik.
21.
28.
1958-HoT.
Hot.
lOT.
Hot.
k.
Sept.
Sept.
Sept.
Sept.
11.
18.
25.
Dec.
Dec.
Dec.
Dae.
Oct.
Oct.
Oct.
Oct.
Oct.
2.
9.
16.
23.
30.
1959 -J an.
Jan.
Jan.
Jan.
Jan.
Wot.
Hot.
Hot.
Hot.
6.
13.
r»b.
rab.
Tab.
Feb.
20.
28.
Dae.
k.
Dae.
Up
k
91
91
91
2,k29.3
2,kei.8
2,515.3
98
2A63.3
91
91
91
2,567.8
2,5k9.5
92
2,575.6
2
92
1,801.3
1,800.1
1,803.0
1,799.7
1,802.7
1,565.3
1,535.5
l,5k2.2
l,kk5.3
1,503.2
236.1
26k .6
260.9
35k.5
299.5
131.6
67.6
20.3
26.9
96,7
1,699.8
1,700.1
1,699.2
l.TOO.k
1,700.3
22,800.6
22,900.6
23,00k.k
23,103.7
23,206.2
1,501.
300.6
33k.
301.3
162.5
l,k65.9
1,501.6
1,520.0
119-2
276.k
1,700.0
1,699-2
1,799-8
1,799-9
23,306.2
23,k09.6
23,kl2.7
23,kl5.5
69.5
55.1
1,800-3
1,800.1
23,kl5.1
23 ,21k .8
kOO.3
23,015.2
800.k
22,616.1
1,200.0
U
IS
26
2,635^
8
91
15
22
91
91
29
91
2,291.5
2,381.6
3,068.k
2,986.8
2,871.8
5
91
92
91
90
2,8lk.k
2,856.6
2,998.1
2,830.5
i,8oe.o
1,800.6
1,803.0
1,802.8
2, 79k.
1,519-9
1,263.3
2,393.5
833.8
1,799.8
1,599.9
kOO.3
l,600.k
kOO.l
1,600.8
399.6
1,265.0
36l.k
1,297.5
367.k
279-9
336.5
k6.1
315.k
38.7
303.3
32.2
1,600.3
kOO.l
1,379.5
380.9
13
19
26
5
12
91
91
2,k07.k
1,072.9
2,k75.6
I
U
1B2
/
Har.
I
Jme
26p
Mar.
I
I June
19
16
26
25
182
90
181
Jan.
/An-.
I Julj
2
2
90
181
2,k78.9
2p.
Jan.
f
Apr.
8p,
Jul7
9
9
91
I
182
2,506.2
680.0
1,599.3
kOO.O
16
16
18C
2,178.k
733.8
23
23
18B
30
30
102
Dec.
Jan.
iBp
(Apr.
15p
\
Jan.
22p,
Jan.
29p.
Tta anticipation bills:
20
1958-flOT.
July
[Apr.
1 JulJ
/Apr.
\Julj
1,51k.
1,800.3
1,800.1
1,800.1
1,799.8
Jme
Dec.
1
6
13
20
28
91
91
91
91
351..
282.8
23-8
lO.k
3k.6
3.9
132.6
2.1
1,800.1
220.8
19.1
U.9
1,601.3
22,615.0
1,600.1
l,33k.7
377.8
26k.6
22.2
161.7
2.k
1,800.1
22,klk.3
2,000.1
1,599.7
kOO.6
1,299.7
369.7
300.0
30.9
2k.
1,803.0
22,210.9
2,k00.7
2,375.1
593.1
l.kOO.e
kOO.l
1,102.6
373.2
298-3
26.8
103.1
2.6
1,799.7
21,612.1
2,800.8
2,625.9
780.9
1,399.3
1,116.7
373-7
282.6
130.3
21.2
1,602.7
21,koe.6
3,200.8
76k.
75k.
kOO.l
Jtne
22
21k
5,950.3
2,996.7
Na;
13
219
5,80k .6
2,735.k
2,2k9.3
26.
7k7.k
1,799.6
2.2
2.1
2,996.7
Otliar bllla:
1958 -Oct.
2,735.k
(Continued on folloving page)
'bidder are accepted In full at arerege price ao acoepted cc^etitlre 'bide;
Bureau of tiie Public Debt. Prellnlnary figures are frcsi
for other lemiea, the ecrre apondUog aaouot 1b stipulated In each offering
aubscrlptlon and alXotaant reports; final fl^urea are on
H rtnr\\ ^rv^.^nw n t.
"clsaraiKe'' basis In dally Treasury stateaent.
IsBued
on a fixed price baaie; for detalle, eee October 19^ BullBtln,
rbr veekl; Issues, tenders for $200,000 or lass trtm any one
2/
page A-1. Tor aUotaents, aee "Debt Operationa," Tabla 9.
Source:
1/
8 2/.
..
.
Treasury Bulletin
32
.DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
On total blda accepted
Average price
per hundred
Begular weekljr bllla:
1958-Aug.
Aug
Aug.
k\mSept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Hov.
Nov.
Rov.
Hov.
99.706
99.615
99.521
21
28
99.lt't8
k
11
18
25
99. aw
2.601.
Dec.
I8p
Jan
2p
Jan.
8p
2/
2.298
2.500
2.IU.6
99.369
99.398
99.331
99-352
2.382
2.647
2-536
99.292 10/
99.360
99.267 11/
99.300 12/
99.335
2.770
2.532
2.900
2.769
2.631
99.233
99.306
99-257
99-289
99-328
99.335 13/
99.330 iW
99.300
99.326
2.631
2.622
2.769
2.696
99-329
99.288
99-272
99-317
2.655
2.786
2.880
2.732
99.297 15/
99.305
98.1.50 16/
2.781
99-288
99-287
2.817
2.821
3.092
2.916
3-111
99.323
2.678
2.959
99 .290
98.U66
.
99.295
,
,
98.1.50 iJJ
99.320
„,
98.1.92 i8/
2.71.9
3.066
2.789
3.066
2.720
2.999
98.1.37
99.263
98.1.27
2.1.96
3-001
2-71.5
2.939
2.813
2.658
99-313
98.U80
2.71.8
3.023
2.660
2.900
99-321.
2.701.
98.528
2.928
99.331
98.537
2.61.7
99-319
2.69I.
2.891.
98.1.9U
2.979
2.808
99.325
99.280
2.81.8
3.03".
98.1.80 12/
2.670
3.007
98.1.58
3.050
'99.233
,98.366
3.031.
99.300
96.1.58
20/
99-230
98.330
3.01.6
3.232
2.769
3-050
'99.2U8
98.313
2.975
3.337
99.267 21/
98.332 22/
2.900
3.299
99.21.5
2.987
3.351
98.217
2.999
98.276 gi/
2.900
98.023
3.250
'
'
15p
29p
99.368
99.375
99.335
98.501*
Jan.
2.371.
2.690
2.920
98.1.35
99.315
,
22p
2.876
2.723
8/
99.327
98.532
99.266
,
.
2.61.9
2.771.
99.1.36
99.1.00
99.1.19
99.1.69
98.1183
98.l»42
26p
2.61.7
2.078
1,203
1-575
1.931
2-207
2.805
2.805
3.081
2.90U
3.095
2.739
3.017
99.291
99.291
,
.
Jan
2.359
99.326
99.260
99.291
99.331
U
Jan.
99.539
1.821.
9
16
23
lip
Dec.
1.1.21.
2.1*61
Bluivalent rate i/
(Percent)
99. 61.0
1.895
2.161
2.920
2.668
2.927
2.80U
20
28
Price per hundred
1.521.
99.378
99A01i
99.330
99.291
99.273
99.319
^
(Percent)
99.696
99.602
99-512
2.511
6
13
Iftulvalent rate
1.072
99.25lt
Dec.
Price per hundred
99.729
99.358
Dec.
High
1.161.
2
30
(Continued)
Od ccmpetltlve bide accepted
Equivalent average
rate j/
(Percent)
7
V*
-
.
98.51.2
98.306
3-303
Tax anticipation hills:
1958 -Bov.
98.193
3.01.0
Other hllle:
1958 -Oct.
8 2/.
Footnote 2 on preceding page.
Bank discount basiaExcept $300,000 at 99.755, $600,000 at 99.751, $300,000 at 99.750,
$25,000 at 99.7I.7, and $200,000 at 99.71.6.
Except $210,000 at 99.706, and $1.00,000 at 99.696.
6/ Except $350,000 at 99.51.5.
1/ Except $200,000 at 99.539, $300,000 at 99.520, $650,000 at
99.502, and $100,000 at 99.1.90.
8/ Except $300,000 at 99.521, $300,000 at 99.1*61., $100,000 at
99.1.52, and $100,000 at 99-1.1.82/ Except $2,3U0,000 at 99.UOI., $100,000 at 99.1.00, $100,000 at 99-390,
and $100,000 at 99-380.
10/ Except $50,000 at 99.358, and $50,000 at 99.324.
Uj Except $13,000 at 99-368, $215,000 at 99.341, $500,000 at 99.324, and
$1,000,000 at 99.290.
12/
±/
It/
^
Except $15,000 at 99.368, $300,000 at 99.343, $200,000 at 99.330, and
$1,000,000 at 99.325.
Except $400,000 at 99.342.
Except $2,000,000 at 99.343, and $200,000 at 99.335.
Except $800,000 at 99.326.
Except $200,000 at 99-291, $150,000 at 98.510, and $200,000 at 98.483.
Except $150,000 at 98.468.
Except $150,000 at 98.516.
Except $150,000 at 98. 500, $2,250,000 at 98.498, and $50,000 at 98.4K'
Except $200,000 at 98.5OO.
Except $1,175,000 at 99.328.
Except $50,000 at 98.400, $400,000 at 98.378, $250,000 at 98.366,
and $50,000 at 98.350.
Except $50,000 at 99-450, aal $2,000,000 at 99.331Prelimlnary-
;
12/
20/
21/
22/
Si/
P
February 1959
33
.DEBT OPERATIOMS.
Table 3.- Summary of New Money Financing through Treasury Bills
(Dollar aaouDte Id mllllQna)
Deoorlptlon of laaus
Maturity
date
lasue
datfl
Rev Monej raleed froH
HuBbor of
daya to
aturlt;
Aaount
of bids
tendered
Aaount
of bide
accepted
Average rate
on bide
accepted 1/
Increase In regu*
lar weekly bllls^
or decrease (-)
—
Tax anticipation bills
'
Other
bills
(I^rcent)
1953-Apr. 23....
May
May
May
1953 -July
Aug.
Aug.
Aug.
T
21
28
23
91
2,202
1,501
2.320
6
91
91
91
2,166
2,087
1,500
1,501
1,501
2.352
2.092
2. 08*
20
27
June 3
June J*
June 11
June 18
June 2^
Sept.
Sept.
Sept.
Sept.
Sept.
2k
July 2
July 9
July 16
Oct.
Oct.
Oct.
18
2,3W
200
200
200
107
91
91
91
91
1,676
1,782
800
1,500
2.383
2,290
2,207
1.985
l.ltOO
1,501
1,500
2-323
2.228
1.95*
199
198
300
300
15
91
91
91
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
101
3
10
17
1
8
2.1.16
800
Sept. 10
Dec.
10
91
2,023
1,501
1.953
195J.-M«r. 22
195' -June
21i
91.
2.717
1,501
.956
Apr. 27
June
l8
52
2,987
1,001
.726
1955-July 7
July
July 21
July 28
1955 -Oct.
Oct.
Oct.
Oct.
6
91
91
91
91
2,119
2,258
2,390
2,U03
1,600
1,600
1,600
1,601
1.5*1
1.606
1.619
1.720
99
100
100
100
Aug. I.
Aug. 11
Aug. 18
Aug. 25
lOT.
Rot
Rot.
Rot.
91
91
91
25
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
100
98
100
100
Sept. 1
Sept. 8
Sept. 15
Sept .22
Sept .29
Dec.
Dec.
Deo.
Dec.
Dec.
29
91
91
91
91
91
2,202
2,282
2,65*
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.10*
1.981
2.122
Dec. 15
1956-Mar.
23
99
11,130
1,501
2.k65
X956-Oct. 17
1957-Jan.
16
91
"1,761
1,603
2.627
1,603
Hot. 16
Feb.
15
91
"•,637
1,750
2.617
1,750
Doc. 17
Mar.
22
95
3,786
1,006
a. 585
1957-J«n. 16
Jan. 31
June
Ma;
2U
2
159
91
2,1.1»
1,601
1,700
3.305
3.283
9
91
91
129
91
2,626
2,719
2,302
2,580
92
2.7'il
1,700
1,700
1,750
1,800
1,802
3.133
3.057
3.231
3.182
3.288
200
202
91
91
2,769
2,830
1,800
1,802
3.2*6
3.239
200
202
U
Feb.
Feb.
Feb.
Fob.
Feb.
21
28
Mar.
Mar.
U
May
27
July
.
May
May
June
May
May
7
Ik
15
June
June
7
3
13
20
27
3
10
17
16
2li
23
31
6
13
Sept. 23
1958-Mar.
2,6ek
1,501
1.001
99
loe
99
98
101
1,501
1,006
2/
99
99
99
119
3,689
1,501
2.825
1,501
21>
26*
l',5'>7
3,002
3.*85
3,002
Aug. 21
Apr.
15
237
3,178
1,751
*.173
Doc. 19
Dec. 26
Mar.
Mar.
20
27
91
91
2,3U8
1,700
1,700
3.1*0
3.173
100
98
1958-Jan. 2
Jan. 9
Jan. 16
Jan. 23
Apr.
Apr.
Apr.
Apr.
3
91
91
91
91
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
Mar. 13
June
12
91
Sopt.U
Dec.
Doc.
Dec.
11
16
91
91
26
92
2
15
8
15
22
29
Sept. 18
Sopt.25
Oct.
Oct.
Oct.
2
8
9
Oct. 16
Oct. 23
Oct. 30
1959-Jan.
May
Jan.
Jan.
Not. 6
Not. 13
Not. 20
Footnotes at end of table
Jan
Jon
10
17
2U
Feb.
Feb.
5
13
June
22
2,lil6
2,388
2,1»30
1,751 */
2,682
2,751
2,U36
1,700
1.532
-100
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.60k
2.511
100
99
99
2,291
5,805
2,382
3,088
2,987
2,872
1,801
2,735
1,800
1,803
1,800
1,803
2.920
3.250 5/
2.668
2.927
101
219
91
91
91
91
2.6*7
91
92
21U
2,811.
2,857
5,950
1,802
1,801
2,997
2.6*9
2.77*
2.999
92
(Continued on following fege)
2. 80k
2,735
100
10*
99
102
102
101
2,997
Treasury Balletiti
3^
.DEBT OPERATIOMS.
Table 3.- Summary of New Money Financing through Treasury Bills
-
JContlnuedl
February 1959
35
.DEBT OPBRATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
aubacrlptlon
books were
opened
Date
of
Issue
Aaount laaued
Amount of
aubacriptloos
tendered
Description of aecurlty
C»eh 1/
Exchange
For
cash 1/
In exchange
for other
securltlee 2/
(Tn mllllone of dollars)
2/2/53
"•/IS/SS
5/20/53
Z/Vihk-k
1 jr
8,111.
5 TT
620
2lKhi
2-lA* Certificate
-
2/15/53
2-1/21, Bond
-
'./1/53
1-1/2J »ote
-
I1/I/58-EA
5 jr
5/1/53
6/1/53
3-lA» Bond
-
6/15/78-83
30 JT
2-5/8* Certificate
-
6/1/5I.-B
2-1/2* Certificate
-
3/22/51.-C
7/6/53
12/15/58 i/
1
383
25 yr
li
5,250
9/2/53
10/28/53
8/15/53
2-5/8* Certificate
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Mote
1-1/2* note
11/9/53
2-3/1.* Bonl
12/1/53
2/15/53
11/18/53
2/15/5''
2/1/51.
2/l5/5k
y
l'/l/5k
-
1-7/8* note
5/17/5k
7/2l/5lt
8/2/51.
1-1/8* Certificate
Certificate
1*
(tax ant.
!t/
3/22/55
2/15/55
8/1/55
100
1,71.8
1,71.8
7,007
7,007
11,177
119
100
2,897
3,886
100
U/15/61
7 yr
U,177
lt/l/59-EA
5 JT
119
2/15/59-A
1.
jr
5/17/55-B
3/22/55-0
1 JT
-
e/15/55-B ii/
1 jr
2.897
3.886
m
100
10/
2,205
9,750
7^
U/15/60
jr
5/15/57 -B
12/
3,731.
9,250
1-5/8* Rote
Rote
Bond
3/15/56-A
8/15/57-C
2/15/95 15/
1-3/8* Certificate (tax ant. 16/)
6/22/55-F
1-1/2* Rote
I./I/60-KA
5
8/15/56-B 11/
1 JT
Rote
-
(tax ant. 12/)
Bond
-
1 jr
2 yr
llO
1.0
m
99
99
100
i.,919
1..919
5,359
6.755
5,359
6,755
8,l>72
8.1.72
3,792
3,792
'.,155
2; B
7,938
3
m
3,989
8
m
10,620
3,171.
12/
100
198
2,532
18/
3,171.
20/
2,202
21/
821
1,720
10^ m
100
3,210
198
jr
lit/
1,921.
1,921.
JT
6/22 /56-B
100
8,190
JT
3/22 /56-A
2/15/95 11/
1
6
3,558
3,806
3,558
3.806
Sjrr
8/15/63
2»
3*
Certificate
«
7i m
3
8/15/55-D 11/
1,1.86
1,1.86
6,81.1
6,81.1
100
8/15/56-B 11/
Rote
10/1/55
2-1 A* Certificate - 6/22/56 -C
(tax ant. 22/)
10/1/60-K)
1-1/2* Rote
r
12/1/55
2-5/8* Certificate
1
12/1/55
2-7/8* Rote
lO/u/55
10/3/55
it/
f
t
3/5/56
12/1/55
1./I/56
it/
7/16/56
8/6/56
2-5/8* Certificate
a -7/8* Rote
278
9,083
2 yr
2,283
2,283
-
6/15/58-A 2kJ
2/15/57-A
6/15/58-A gi/
7,219
2,109
7,219
2,109
100
lltU
100
12,056
100
'
I./1/61-EA
5 JT
8/1/57-D
3/22/57-B
1
r
12/1/56
1
12/1/56
3-lA* Certificate (tax ant. 22/)
3-l/U* Certificate 3-3/8* Certificate
3-1/2* Rote
-
2/15/57
2/15/57
3-3/8* Certificate
3-1/2* Rote
-
it/
I
I
5/1/57
5/1/57
3-1/2* Certificate
3-5/8* Bote
Footnotes at end of table.
2/II./58-AI
5/15/60-At
U/I/62-EA
-
12,056
332
332
1,312
1,312
m
7,271
7,271
8,1.11.
8,Ull.
1,1.61.
1,1.61.
10
28/
28/
13
yr
1
yr
}
^
3
n
3
»
jr
100
}
}
9I.2
5.868
22/
551
551
100
lli m
2,351
E,351
61.7
6I.7
1 100
9I a
5 yr
h
100
2.1.37
7,1.89
100
26/
3,221
6i m
lyr
I./I5/58-B
2/15/62-A
)
5 yr
10/1/57 -D
5/15/60-Af
6
jrr
6/21./57-C
2/1I./58-A1
)
10,613
10/1/61-K)
[2/15/57
12/15/57
6
11^.
2 yr
1-1/2* Rote
1-1/2* Rote
100
278
9,083
2-3/1.* Rote
1./1/57
Ei/
1 TT
1-1/2* note
I
2,970
8,778
5 jr
10/1/56
f
3
12/1/56-D
2-3/1.* Certificate
(tax ant. 25/)
11/19/56
1 jr
-
8/15/56
it/
3/13/57
i
10
8,175
yr
5 re
1
2/
8,175
(tax ant. 22/)
5/17/55
2/U/57
n
1
100
100
121
2,239
12,5*3
10
l.,72l.
U/)
1-7/8* Certificate
7/20/55
3/5/56
12/15/51.-8
12/15/55-1!
2*
11/28/55
7 yr
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bol^
7/8/55
jr
5 jr
9/15/61
8/15/51.
1./1/55
7/11/55
2,997
10/1/59 -BO
1./1/55
!t/
2,788
U,72U
2.997
121
1-1/2* Bote
2/15/55
2/15/55
r
8/
2.788
10/1/5".
12/15/51.
100
1 jr
3
S/
100
1 jr
lo/U/51.
12/l5/5k
11/22/51.
1.18
U,858
8/l5/5l.-I>
1-1/8* Certificate
2-1/8* Bool
1-5/8* Rote
8/15/51.
8/15/51.
8/3/51.
-
-
383
9/15/51.-1:
12/15/58 1/
2/15/55-A
1-5/8* Certificate
2-1/2* Bond
1-1/2* Bote
1,188
100
100
5,902
8,687
3/15/57-A
10/l/58-K>
1-7/8* Rote
2-1/2* Bond
i/
l.,858
jr
(tax ant. X/)
8/5/53
1.18
8,Uli
620
(CoDtlDued on follovlng page)
•
Treasury Bulletin
36
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable leeues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued)
Date
subscription
books were
opened
Dat«
of
Issue
Amount Issued
Amount of
subscriptions
tendered
Description of security
Maturity
casi 1/
For
cash 1/
Exchange
Allotment
In exchange
ratio
for other
securities 2/
(In millions of dollars)
8/1/57
8/1/57
8/1/57
7/22/57
r 8/1/57
9/16/57
9/26/57
Uo/l/57
y
11/20/57
3-5/8* Certificate
U)(
Certificate
It*
Note
-
U*
U*
U*
-
Certificate
Note
Bond
10/1/57
1-1/2* Note
fll/29/57
3-3/I1* Note
12/2/57
3-7/8* Bend
[
-
11/21/57
li/l/57
3-3/'** Certificate
2-1/2* Certificate
Bond
3*
3-1/2* Bond
-
2/3/58
2/11./58
2/llk/58
2/28/58
y
u/7/58
2/28/58
3*
yr
yr
12/1/58-D
1
yr
2/llt/59-A
2/15/90
l-l/li* Certificate
32
26
yr
-
5/15/59-B
2/15/65
6
yr
1
yr
8/1/58
1-5/8* Certificate
-
8/1/59-C
7/29/58
8/6/58
1-1/2* Certificate (tax ant. Ul/)
1-1/2* Note
3/21./59-D
10/1/63 -EO
5
yr
11/15/59-B
1
yr
11/15/59-K
5/15/61-B
2 yr
5/15/60-B
2/15/80
1 yr
21 yr
2/15/60-A
2/15/62 -D
1 yr
U yr
10/1/58
10/10/58
3-1/2* Note
11/19/58
ri2/i/58
\]2/l/58
3-3/8* Certificate
3-5/8* Note
1/12/59
2/2/59
-lA* Note
/'l/2l/59
3
[1/23/59
It*
[2/15/59
12/15/59
-
Bond
3-3A* Certificate
It*
Note
-
9,833
9,770
9,770
3,85lt
3,85lt
3,971
2,570
1,135
11
m
1,817
7,388
Bureau of the Public Debt. Preliminary figures are frran eubacrlptlon and allotment reports; final figures are en "clearance"
basis In dally Treasury statement.
Consists of all public cash subscriptions and subscriptions by
United States Government Investment accounts.
For maturing securities exchanged for the new issues, see Table 6.
The 2-1/2^ bonds dated February 15, 1953, i'ere reopened with all
the bonds of the series Identical In all respects, as an exchange
offering for the 2-l/8% notes which matured December 1, 1953Total exchanges In the two offerings amounted to $2,368 million.
Exchange offering available to owners of nonmarketable 2-3/U%
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further Information on the original offering see "Treasury
Bulletin" for April 1951, page A-1. Amounts shown are as of
January 3I, 1959The bond offering was made available for exchange of Series F and
G savings bonds maturing from May 1 through December 31, 1953
Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and including
$5,000 were- allotted in full. All other subscriptions were allotted
20 percent. Commercial banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $ll8 million. Payment for the
bonds allotted could be made with accriicd Interest at any time not
later than July 31, 1953.
Also designated tax anticipation certificates, accept-able at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 195^.
Subscriptions for amounts up to and including $100,000 were allotted
in full,
Subacrlptlone for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
Subscriptions for amounts up to and Including $10,000 were allotted
22/
liO/
13,500
197
197
100
U2/
3,567
2,686
100
1,817
7,388
13,500
m
38/
533
15,7111
5,962
100
1,727
1,U8U
m
m
36/
il/
9,833
6,715
ay
25/
651.
11
1
}
l,llt3
10 m
It
100 32/
2,509
590
1,727
llim
5im
9,871
10,lt87
933
533
6A/58
y
lllm
52m
7/21/58
9/29/58
100
100
100
2,000
657
7,786
3,817
ll|iii
yr
[6/15/58
16/15/58
2-5/8* Bond
9,871
10,U87
2,509
590
2/15/611
5/15/85
3-lA* Bond
yr
It
2/15/63 -A
6/3/58
5
16
lt/l/63-EA
''/15/58
100
100
100
3,067
6,121
ll/15/7'l
8/15/66
6/3/58
m
li,6li8
11/15/62 -C
Bond
1-1/2* Note
2-5/8* Note
'•/1/58
It
8/1/58-C 20/
8/15/62 -B 2i/
10/1/69
10/1/62 -EO
-
L2/l''/58
12/1/57-B
8/1/58-c iO/
8/1/61-A il/
100
l,l8ii
7,7Up
7,7Up
it,078p
it,078p
Ml/
52/
2,73ep
885P
5,508p
l,800p
11,363p
11,363p
l,it3l'P
l,lt3i'p
Source:
In full.
1/
ies, pension and retirement funds, and State and local governments
were allotted 2U percent. All others. Including coniDercial banks.
Were allotted 16 percent but not less than $10,000 en any one
2/
i/
hj
^
6/
2/
8/
2/
Subscriptions from mutual savings banks. Insurance compan-
aubscrlptlon.
Subscriptions for amoisite up to and inclining $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of income and profits taxes
due March 15, 195512/ Subscriptions for amounts up to and including $50,000 were allotted
In full.
Subscriptions for amounts over $50,000 were allotted
''0 percent but in no case leas than $50,000.
13/ The 1-1/8% certificates dated August 15, 195^1, were reopened with
all the certificates of the series Identical in all respects, as an
exchange offering for the 1-7/8% notes which matured December 15,
195**, the 2% bonds which matured December 15, 195^*, and the 2% bonds
which were called for redemption on December 15, I95U
Total exchanges in the two offerings amounted to $8,U77 million.
ihj Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but In no case less than $50,000.
1^/ The 3% bonds dated February 15, 1955, were reopened with all the bonds
of the aeries identical in all respects, as an additional cash offering
on July 11, 1955, for payment July 20, 1955- The total amount Issued
In the two operations was $2,71+5 million.
16/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due June 15, 1955.
17/ The 2% notes dated May 17, 1955, were reopened with all the notes of
the series identical in all respects, as an exchange offering for the
1-1/8% certificates maturing August I5, 1955. Total exchanges in the
two offerings amounted to $10,015 million,
Bemalnlng footnotes on following page.
10/
.
February 1959
37
.DEBT OPiSATIONS.
Footnotes to Table 4
18/
Ig/
20/
21/
22/
23/
2U/
25/
26/
27/
28/
29/
30/
il/
^2/
33/
jU/
Caah aubacrlptlone for $100,000 or leas were allotted in full. Subscrlptlona for more than $100,000 were allotted 62 percent but in no
case leee than $100,000.
Also designated tai anticipation certificates, acceptable at par plut
accrued Interest to maturity in payment of Income and profits taxes
due March 1^, I956.
Subecrlptlona for $100,000 or leaa were allotted in full. Subacrlptlona for more than $100,000 were allotted I9 percent but In do caee
leBB than $100,000.
Subecrlptlona from savings-type Investors totaled $7''9 million and
were allotted 65 percent.
Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or leee were allotted In full.
Subacrlptlone for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts.
Savlnga-type Inveatore were given
the privilege of deferring payment for the bonds, provided that not
leaa than 25 percent of the bonds allotted were paid for by July 20,
1955> not less than 60 percent by September 1, 19^5^ and full payment
by October 3, 1955.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and proflta taxes
due June I5, I956
Subscriptions for $100,000 or lees were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but In no case
less than $100,000.
The 2-7/6$ notes dated December 1, 1955, were reopened with all the
notes of the series Identical in all reepecte, ag a partial exchange
offering for the 1-5 /8* notes maturing March 15, 195^. Total exchanges In the two offerings amo-jnted to $J*,392 million.
Also designated tax anticipation certificates, acceptable at par plua
accrued Interest to maturity in paymsnt of Income and profits taxes
diw March 15, 195?.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but In no caee
leaa than $100,000.
Also designated tax anticipation certlficataa, acceptable at par plus
accrued Interest to maturity In payment of Income and profits taxes
d'je June 15, 1957.
The 3-3/8* certificates dated February 15, 1957, and the 3-I/2* notes
dated February 15, 1957, were reopened with all the certificates and
notes of each series Identical in all respects, as an additional cash
offering on March I8, 1957, for peyrMnt March 28, 1957. Total issues
In 'he two offerings euKJunted to $10,851 million for the certificates
and $2,U06 million for the notes.
Subecrlptlona in excesa of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or leee for both Isauee were allotted In full and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amount allotted to the public, $100 miUlcn of the notes were
allotted to Government investment accounts.
The h% certificates dated August 1, 1957, were reopened with all the
certificetee of the series Identical In all respects, as an additional
cash offering on September I6, 1957, for payment September 26, 1957.
The total amo'jnt issued in the two operations wae $11,519 mllllcn.
Redeemable at th- option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each Iss'je to Government Investment accounts.
Redeemable at the option of the holder on February 15, I96O, on three
months* advance notice.
Subscriptions In excesa of $100,000 were allotted 22 percent for the
certiflcatea and 26 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted In full, and subscriptions for
-
3 5/
^g/
a-7/
-aQ/
"^"^
39/
hoj
Ul/
k2j
U^/
UkJ
U5/
(Continued)
more than $100,000 were allotted not leas than $100,000.
In addition
to the amounts allotted to the public, $100 million of each Issue
were allotted to Government investment accounts.
Subscriptions for $50,000 or leas were allotted In full. Subscriptions for more than $50,000 were allotted 10 percent but In no caae
leas than $50,000. In addition to the amomt allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts. Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
Subscriptlona for $10,000 or leas were allotted in full. Subacrlptlone for more than $10,000 were allotted 25 percent to aavinga-type
Investors and 12 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $10,000 or leee were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
Investors and 10 percent to all other subacrlbere, but in no case
leee than $10,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
Subscriptions for $10,000 or less were allotted In full. Subscriptions for more than $10,000 were allotted 20 percent but In no case
less then $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts.
Subscriptions for $25,000 or lees were allotted In full. Subecrlptlona for more than $25,000 were allotted 2** percent but in no case
leas than $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts.
Subscriptions for $5,000 or lees were allotted in full. Subacrlptlone
for more than $5,000 were allotted 60 percent to savings-type investors, ItO percent to conmerclal banks for their own account, and
25 percent to all other subscribers, but In no caae leas then $5,000.
In addition to the amount allotted to the public, $100 million of the
bonda were allotted to Covemment investment accounts.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due March 15, 1959.
Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 were allotted 59 percent but in no case less than
$100,000.
Subscriptions for $50,000 or Xeea were allotted in full. Subscriptions
for more than $50,000 were allotted 35 percent but in no case lees than
$50,000. In addition to the amount allotted to the public, $100 million
of the notes were allotted to Govejmment Investment accounts.
Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted U7 percent but in no case
less than $100,000.
Subscriptions from savings-type Investors totaled $720 million and
were allotted 70 percent. Subscriptions from comnKrclal banks for
their own account totaled $U70 million and were allotted 35 percent.
Subscriptions froca all other Inveatora totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or lees were allotted
In full when acconqianled by 100 percent payment at the time of enterAll other subscriptions for $50,000 were
ing the subscriptions.
allotted In full. Subscriptlona for more than $5,000 were allotted
not leaa than $5,000. In addition to the amount allotted to the public,
$50 million of the bonds were allotted to Covemment investment accounts.
Savings-type Investors were given the privilege of paying for the bonds
allotted to them In inatalLments up to April 23, 1959 (not less than
25* by January 23, 1959, the Issue date; 50* by February 2U 1959; 75*
by March 23, 1959; and full payment by April 23, 1959).
Preliminary.
,
Treasury Bulletin
3«
.DP3T OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, htotes, and Certificates of Indebtedness i/
(In
iMue
BlUlou
of doUart)
February 1959
iw
February 1959
in
.DEBT OPEKATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness iji/- (Continued)
Date of
refunding
or retlre-
ent
/
.
Ireasury nuUetin
k2
.DEBT OPERATIONS.
Table 6.- Dtspoeltlon of Matured Marketable Issucb of Treasury Bonds, Notes,
and Certificates of Indebtedness i!;/- (Contlnuedt
Issue
date
Description
Reaults of exchange offers
Disposition offers
by Treasury
called or naturlng security 1/
Date of
refunding
or retirement
Amount
outstanding
Exchange
security
offered
Cash
retirement
Exchanged
Description of nev
security offered
(See also Table U]
Turned
In for
cash 2/
-T
(In millions of dollari
l-l/li* Certificate
( 2-5/8* Bond
-
181
91
800
28
lA* Certificate
5/8* Bond
-
919
710
k,2lt5
(.. 392
fl-l/U* Certificate
{I
1.2-5/8* Bond
-
1U3
U,?li5
9,555
9,555
9,20lt
351
12/1/55
'',392
-
6/15/58-63
6/15/38
919
-
6/15/58
»ote
-
A*
Bond
8-3/8* Bond
2 -3
1,015
3,195
6/15/56-A
8-7/W
l',392
f
1
6/15/56
Total
June "58
2-5/8*. Bond
2/15/65
6/15/58
Id
July '56
2-5/S* Bend
2/15/65
6/15/56
387 £i/
8/1/58-C
9/15/56-59 22/
2/lM
11,519
3,813
11,519
3,8ia
10,6311
2-lA* Bond
2,206
865
1,612
2-3/8* Bond
3/15/57-59^
3/1/52
927
927
660
267
16 ,26U
16,26U
13,500
2,76^
Itf
8/1/58
Certificate-
8/1/57
Total
fi-iAt
12/1/58
Certificate-
2-1/2* Bond
-
12/1/56-0
12/15/58
12/1/57
2/15/53
Total
2/lh/y}-k
2/lU/^8
-
5/15/59-B
2/15/65
5/15/59-B
2/15/65
5/15/59-B
2/15/65
of 1- l/U* Certificate
of 2-:5/8* Bond
21/
6,i.33p
9,833
2,368
9,833
I
1
2,368
l,277p
i
I
778p
lOOp
3,300p
12,201
11,789p
9,770
9,770
8,315p
5T8p
5,102
5,102
3,okep
B56p
12,201
2-1/2* Certificate-
[1,817
17,368
-
312P
lil2p
}
877?
.
1-5/3* Certificate
8/1/59 -C
(3-3/8* Certificate
-
3-5/8* Note
3-3/8* Certificate
f3-3
\ 3-5/8* Note
-
11/15/59-K
5/15 /61-B
ll/15/59-E
5/15/61-B
3-3/8* Certificate
7,711p
711p of 3|ll,0
078p of 3-5/8* Note
f
(3-3A* Certificate
U*
-
Not*
-
Certificate
Note
-
2/15/60-A
2/15/62-D
2/15/59
1-7/e* Note
Total
-
2/15/59-A
iu,e72
i'',e72
12,797p
I
3A*
1,199p
2,075p
^
12/
1.3
lU/
1^/
16/
12/
I8/
2/15/60-A
2/15/62-D
fll.idjp of 3-3A* Certlflcete
Note
IM^P of
1
Preliminary flgurea are from subSource: Bureau of the Public Debt.
acrlptlon and allotroent reports; final flgurea ere on "clearance"
baala In dally Treasury Btatement.
1/ Original call and maturity dates are used.
2/ All by Inveatore other than Federal Reaerve Banks.
For breakdown of tot^l exchangee between the two new securltlea,
eee Table h,
The 2-1/2^ bonds maturlne December 15, 1958, were reopened for the
i«/
December 1, 1953, refunding (see Table U),
5/ On Hovember 9, 1953, the Treasury purchaeed frcsn the Federal
Reserve System and retired $500 million of the 2-l/6^ Treasury
notee maturing December 1, 1953. For further detail see "Treasury
Bulletin" for November 1953, page A-1.
6/ It had been announced that holders of these bonds would be given
an opportunity to exchange them for another Treasury Issue after
February 15, 195**- This exchange offering wae Included in the
refundlngs of May 17, 195**.
Tax
anticlpatlcn series; $2,669 million redeemed for taxes due
2/
March 15 195^*, and $3,233 million redeen»d for cash.
8/ The 1-1/0* certificates maturing August 15, 1955, were reopened
for the December 15, 195**, refunding (see Table h).
2/ Tax anticipation series; $2,2l6 million redeemed for taxes due
March 15, 1955, and $l,5l8 million redeemed for cash.
10/ The 2% notes maturing August 15, 1956, were reopened for the
August 1, 1955, refunding (see Table 1*),
11/ Tax anticipation series; $1,917 million redeemed for taxes due
June 15, 1955, and $1,293 million redeemed for cash.
-
H
Also designated tax anticipation certificates, acceptable at par
plus accrued Interest to maturity in payment of Income and proflta
taxes due June 15, 1956.
The 2-7/8$ notes maturing June 15, 1958, were reopened for the
March 5, 1956, refunding (see Table k)
Also Treasury bills in the refunding of February lU, I958.
Tax anticipation series; $1,67U million redeemed for taxes due
March 15, 1956, and $528 million redeemed for cash.
Tax anticipation series; of the 2$ certificates $1,013 million
were redeemed for taxes and $^73 million for cash; and of the 2-l/U$
certificates $1,891 million were redeemed for taxes and $1,079
million for cash.
During June 1956, $159 million of 2^, Treasury notes maturing August 15,
1956, were purchaeed by the Treasury for account of the Sinking Fund
and retired.
Also designated tax anticipation cortlflcatea, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due Jr«ie 15, 195T.
12/
20/
21/
22/
p
Tax anticipation series; $1,922 million redeemed for taxes due
March 15, 1957, and $1,299 million redeemed for cash.
Tax anticipation aerlee; $620 million redeemed for taxes due
June 15. 1957, ax^ $692 million redeemed for cash.
During June and July 1958, $^91 million of the 2-5/8* Treasury bonds
of 1965 were purchaeed by the Treasury for retirement under Section 19
of the Second Liberty Bond Act, aa amended (31 U.S.C. 75***).
called on May lU, 1956, for redemption on September 15, 1958Preliminary.
February 1959
•V3
.UNITED STAEES SAVINCS B0RD6.
United States eavlngs bonds were first offered In
of these changes appear In the May 1952 Bulletin, page A-1.
March 1935 and began to mature In March igU^S. Series A-D
were sold between March 1955 and the end of April IjlH,
and Series E, F, and 3 were first offered In May ig^H.
for *he
Series F and
began to mature on May 1, 1953exchange offering made to holders of these bonds maturing
When Series E began to mature on May 1, 1951 1 owners of
To redeem
the matured bonds were offered three options:
Sales of Series
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
A number of changes became effective
The rate of
May 1, 1952.
Interest accrual on Series E was Increased, especially for
the near term, with corresponding changes In extended
Series E; and Series F and (} were replaced by two new
for Series
bonds.
The principal ones were:
Issues,
A
Series J and K, also at higher Interest rates.
H, similar In Interest
new current- Income bond, Series
return to Series
E,
was offered beginning June 1.
Table
1
Details
throu^ December
3I, 1953, ^ee the
Hay 1953 Issue, page A-1.
JandK were discontinued after April 30,1957.
Interest rates on Series EandH was announced
An Increase In
on April 20,1957, retroactive to Febriiary 1. Details of the
changes appear In the May 1957 Bulletin, page A-1.
In
the tables which follow, 3erle« A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
Series G, H, and K are
at current redemption values.
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and G bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
which Interest has ceased.
..
.
Treasury Bulletin
hK
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K
(In mllllona of doXlare)
Accrued
discount
Redemptions
Sales plua
accrued
S&l£8
price
discomt
^
V 1/
Ajnoixit
Accrued
dlacouDt 2/
Series E and H combined
fiscal years:
19'*1-1951
1952
1953
61,969
3,296
U,06l
66,673
U,U07
5,181
5,779
32,167
6,31.8
6,37".
5,71.6
U,51.1i
31,169
3,583
3,538
3,791
3,909
I..730
l.,072
l.,l.60
5,831
5,176
5,187
68,773
31., 01.5
32,861.
i.,69U
U,098
5,1.96
U,889
5,368
5,252
1,120
1,128
1,326
1,113
3,622
3,625
3,909
3,9^9
5.01.3
i,:2i<
6,167
'.,157
i.,UW.
i.,652
l.,832
'',507
l',689
l,lii3
5,61.9
5,1.69
1,178
5,867
I.,
510
U07
UlB
116
626
87
1.91.
i»,653
195^ 6/
1955 6/
1956
1957
1956
U,7*
5,225
5,260
>>,613
U,670
1,111
1,120
1,126
1,123
1,11U
1,133
1,161
i.,008
U,038
•.,31.5
31.,
1.25
500
55^
636
658
716
715
506
31., 905
36,OUe
37,1.82
39,285
1.0,929
Ui,1.96
1.2,11.2
Calendar years:
19''1-1951
63,520
3,575
1952
1953
195^
1955
1956
1957
"•.see
1958
6,015
6,1.81
1,161
U76
531
535
31.,
727
35,321.
36,663
36,233
702
1.0,063
I.,l61t
668
1.1,396
"•1,578
1.2,589
,697
772
856
".,215
61.1
U63
333
55
87
63
1.1,686
292
506
518
379
396
1.86
I.
Mentis:
1958 -January..
February.
March
April
May
June
398
368
376
July
August .
September
UlB
369
.
352
October..
KoTember
December
378
.
32*
.
370
1.1,801
1.1,911
1.12
351.
58
1.1,985
91
116
1.59
383
1.11
350
369
33
U2
U2,06l
1.92
115
91
93
533
1.17
362
1.2,256
U60
380
397
55
Ul
333
61.
351
315
352
56
1.2,
27
1.2,511.
62
1.2,569
65
23,066
22,780
21,837
20,579
19,080
16,568
81
93
118
UI.5
''59
1.07
1.18
31.2
U89
Ull.
31.0
1.2,
1U2
1.2,338
1.2,386
U38
Series F, G, J, and K combined j/
Fiscal years:
191.1-1951
1952
1953
1951.
586
U17
96
108
108
108
100
26,293
726
610
9U9
1,357
686
5,227
1,012
1,552
2,152
2,692
3,105
268
83
352
3,771.
65
65
3,350
28,169
1.61.
28,633
686
5,77<.
586
27,676
629
501
8Ul
1,2U9
6/
1955 6/
1956
1957
1958
5,162
990
1,511
2,071
21
Ul
81
2,561.
2,91.6
126
159
3,612
3,226
121.
13,121.
9,81.2
76
22,659
21
59
98
138
167
22 ,616
162
Calendar years:
19''1-1951
1952
1953
1.32
100
109
1951.
1,281.
uo
1955
1956
1957
1958
907
U75
98
5,696
906
1,909
92
1,010
567
929
1,966
2,526
2,636
3,1*2
71.
172
'.,153
58
58
2,395
3,255
3,99U
2,308
9
9
1.60
1.58
U
u
u
210
k
201.
193
195
103
51.2
1,391.
2,1.26
2,1.98
21,0lt7
19,1.39
86
17,861
n.,895
10,896
8,603
22
17
10,657
10,513
9
10,31.3
10,179
10,025
160
Months:
195e-January
February
March
April
May
June
July
August
September
,
October
loTember
December
Footnotes at end of Table
7
1
187
6
16I.
I.
li
I4
It
u
198
195
k
9,81.2
7
h
7
208
5
U
1.
153
126
9,655
9,516
k
203
150
121
5
U
1.
5
U
It
I.
HI.
139
172
(Continued on following page)
139
137
167
3
outstanding
Interest •bearing
debt
6
9,1.06
5
9,277
3
9,11.5
5
8,603
February 1959
"^
.UNITED
ST^ffiES
SAVUJGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K -(Continued)
(In millions of dollars)
Accrued
discount
Redemptions 2/
Sales plus
accrued
discount
Sales
price
y
^
%J
Accrued
Discount 5/
Amount outstanding (interestbearing debt)
Fiscal years:
191,1-1951
61,969
3,266
3,700
3,986
U,095
U,219
3,919
3,889
l4,701t
63,520
3,393
3,906
68,773
192
5,252
1,120
1,128
1,126
1,113
ii,ll»2
1,121>
3,875
3,8oe
1,1''3
1105
335
336
116
87
88
June
322
299
297
86
91
116
Julj
August .
September.
320
299
292
115
91
October.
November..
December,
316
81
93
118
1952
1953
195^
1955
1956
195''
1958
1,111
1,120
1,126
1,123
i.nii
1,133
1,161
66,673
It, 377
It, 621
32,167
It, 008
5, lilt
't,319
31,169
3,583
3,532
3,765
5,218
5,333
5,052
It,lt90
3,85it
,622
3,96it
5,0"t9
It,
998
311,727
35,1113
500
311,506
3lt,675
35,66it
55I1
36,1158
951
,265
It
,236
636
658
716
715
37,186
37,898
37,969
38,067
3lt,olt5
32,86it
1,181
098
572
37622
3,609
3,871
3,870
5,266
5,018
It, 979
11,689
it,oei
5,220
It, 658
li,iiU9
531
535
702
668
772
017
6I1I
55
87
It,
It
032
"1,981
It
It25
calendar years:
19U1.1951
1952
1953
195^
1955
1956
It, 023
It,
1957
1958
1,178
It
,513
5,03lt
5,llt9
5,30li
It,
lt,lUl
U,ii06
It,
It,
76
It
36,036
36,778
37,510
38,087
37,885
38,206
Months:
1958 -January
February.
.
.
March
April
May
,
.
.
27lt
307
93
521
U97
Uit3
It22
36it
lt2U
377
276
315
10
397
368
395
339
335
353
It2
38,067
UOl
365
380
3I16
55
32I1
Ul
6U
38,100
38,126
38,131
392
325
396
336
56
298
27
38,136
38,178
33^
62
38,206
It
390
It
13
it3lt
390
385
397
367
I125
316
63
37,909
37,967
38,OlU
58
38,027
33
38,Olt9
Fiscal years:
I
1952
1953
195lt
1955
1956
1957
1958
30
360
665
1,130
30
360
665
1,130
l,Oli-l
l,01tl
69I1
69II
762
78e
6
26
55
108
196
236
30
385
6
26
55
108
196
2,099
3,031
3,529
236
11,075
16
38
79
l,li55
i,oeii
Calendar years:
II
162
1952
1953
I
li62
I95I1
1955
1956
1957
1958
182
62
It
866
1,177
901
631
887
866
1,177
901
631
887
105
72
181
16
38
79
627
2,553
3,310
3,693
It, 383
1113
lit3
2U8
2I18
198
198
105
20
20
3,778
72
82
16
16
18
3,8311
18
15
15
16
15
15
16
99
70
60
16
16
16
16
17
17
It
62
51
62
51
It,
6I1
15
16
18
15
16
6it
18
1,383
Months;
I,
195B-January .
Fe bruary
March
I
'
.
.
82
April
May
June
76
69
79
July
August.
September.
99
.
.
October. .
November.
December
.
I
Source:
.
70
60
Dally Treasury statement; Bureau of the Public Debt.
76
69
79
Footnotes at end of Table U
3,897
3,958
It
,012
It,
075
11,158
It ,212
,255
302
"1,337
....
.
:
Treasury Bulletin
k6
-XJNITKD STATES SAVIMGS BOHDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
{In mlillone of dollars)
Matured bonds
Unmatured bonds
Period a/
Total
matured
Fiscal years:
1951
1952
1953
195^
1955
1956
1957
1958
^
817
Series
A-D
Total
unmatured
Salea
price hj
Accrued
dlscoont
38
37
5,320
l.,996
321.
691.
i.,317
U,01.6
1,128
3,860
3,768
3,310
3,583
3,622
3,577
271
238
191
6
1,826
1,917
1,971
1,906
1,126
1,U86
1,825
1,917
1,971
1,906
987
518
251.
21.9
968
1,328
1,500
962
1,326
2,71.7
3,91.1
7,81.6
U,263
8,958
l.,115
9
8,5'»l<
3,730
5,8U0
5,651
987
5,07'.
6,11.9
1,015
2,318
3,171
.,230
1,761
Series
F and G
702
6,137
5,109
5,621
6,515
7,251
792
In exchange
for Serlea G
and K
For
cash
779
90
31
18
lU
11
1,1.87
602 2/
1,21.1
2/
2,101
2,335
2,135
1,818
3.11.2
168
3,1.39
l.,666
11.1.
l.,8l.3
i.,8ll.
l.,6U0
171.
i.,853
i.,583
i.,571
270
308
253
217
177
Calendar years:
1950
1951
1952
1953
6,985
7,301
8,26U
9,630
7,255
195''
1955
1956
1957
1958
772
U,2li6
l.,156
3,393
1.7
2U
Ik
13
10
U,879
U,059
3,831
3,811.
3,806
3,613
3,655
3,071
2,901.
i.,0l8
3,862
3,862
5,280
3,723
2,01.7
1,1.99
2,01.7
967 2/
1,657
2,169
1,891
1,891
2,31.5
2,081.
2,081.
2,06U
1,697
5,1.71.
1,691
1,691
159
167
156
191.
lUO
Months
998
590
600
378
11.5
11.5
232
620
606
lU
February
H&rch
1.96
21.1
21.1
251.
93
71.
19
358
169
169
189
2U2
229
13
April
May
June
605
551
610
29U
189
220
152
152
lUl
86
110
103
110
389
299
355
380
12
86
110
312
362
626
295
11.3
11.3
523
169
336
105
167
105
167
151
6U
168
331
531.
188
171.
551
U8l
586
263
131
263
IU3
11.3
70
159
288
350
276
70
159
120
61
104
31.U
12
6
323
309
11.
1958-Janiiary.
July
August.
.
Sf^ptember
October.
November
December.
.
Dally Treasury statement.
Source:
Details by aeries on a cumulative basis and by periods for Serlea A-D
l/
combined will be found In the February 1952 and previous Issues of the
"Treasury Bulletin."
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
Includes both matured and unmatured bonds; see Table 1..
Includes total value of redemptlona not yet classified between matured
and unmatured bonds.
1/ A change In procedure, beginning In June 1951., for processing redeemed
sa^^tngs bonde has resulted in a high level of redemptions not yet
classified between natured and unmatured bonds. This Increase temporarily obscures the relationship between the redemption columns showing aalPs price and accrued discount l.n Tables 2 thro-jgh 1* end also
the relationship between the matured and unmatured sections of Table U,
(see also footnote U
The subsequent distribution of this high
level of unclassified redemptions may be large enoi^h In any month
)
.
6/
319
356
361.
to show redemptions of matured bonds for a series In Table h which
are greater than the total redemptions of that series aa shown In
Table 3, and to show a negative in the unmatured section of Table ^.
Reductions were made in issues and redemptions of Series E, H, F, G,
July 19^ to compensate for the erroneous Inclusion of
J, and K
reissue transactions In June 195** as reported In the dally Treasury
statement. The amounts Involved were as follows $1& mllllan for
Issues of Series E and H and $17 million for Issues of Series F, G,
J, and K; and $3!) million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series
Seles figures after
J and K sales were discontinued April 30, 1957April 30, 1957, represent adjustments.
Comparable data are not available prior to January 1950.
Includes exchaiiges of Series 19l*l F and G savings bonds for Treasury
m
:
1/
7
9
3-lA%
bonds of 197G-83.
Less than $500,000.
February 1959
^7
.UNITED STATES SAVUJGS BONDS.
Table 5.- Sales and Redemptions by Denominations, Series B and Hi/Comblned
(In thousands of pieces)
Total all
Period
denoKLln&tlone
$10 2/
$25
$50
$100
Sales
Fiscal years
19'»1-51
1,371,227
7^,136
80,U65
1952.
1953.
195^ 6/.
1955 6/.
1956....
1957....
1958. .
21,075
85,i'19
85,3'»2
90,053
90,160
89,''31r
.
Calendar years:
19111-51.
1,1*06,123
1952
1953
21,076
77,271
195"'
811,390
8'»,972
1955
1956
1957
1958 p
87,316
90,786
90,e56r
86,677
Months:
1958 -January..
February
March .
.
8,651.
7,100
7,53'»
.
April.
May...
June
7,308
6,98e
6,962
July
August
September
7,061
6,700
6.881
.
p.
October p.
November p.
December p..
7,539
6,553
Inception to date p
2,008,389
.
7,'»02
21,076
938,127
$200 i/
$500
$1,000
$5,000
$10,000 h/ 2/
.. ... ..
m
7
..,
. . ..
.,
.
k&
UNITED
STiffiES
SAVINGS BONDS.
Table 6.- Sales by StateB, Series E and H
i/
Combined
{in thouaands of dollars at Issue price)
1958
Inception
through
December
1958
9U9,T27
338,579
Al&bama.
Arizona..
Arkansas
575, ''97
6,685,121
732,055
Calif comla.
Colorado.
Connecticut.
.
.
1,1*99,298
Delaware
District of Columbia.
Florida
Kentucky
Louisiana.
Maine
.
Maryland
Massachuse tts
Michigan
.
.
.
l,9l'7
1,812
31,070
2,8lU
5,912
2l*,7l6
22,986
2,396
U,862
20,936
19,787
2,335
20,11.1
2,1*21
2,218
25,289
2,532
5,206
i.,890
5,1*1.5
21,867
2,66U
5,336
21,039
2,757
U,9l.U
1,253
1,092
3,078
5,507
1,1.27
1,283
3,191
6,689
1,036
1,316
1,091.
3,180
5,085
3,31.1
3,1*30
l*,731
3,063
5,399
3,825
669
38,160
3,966
677
3,269
6U3
585
35,537
3,731
677
32,879
31,1.50
27,1.11
31., 315
11,019
10,3U6
5,872
10,121.
9,917
5,707
12,883
15,538
6,U66
I., 369
3,781.
l.,379
3,165
1,309
2,750
3,31.5
1,221.
1,286
l<,832
11,502
2,782
5,598
6,306
2,035
1,155
3,177
5,681
3,21*3
6,258
1,1.1*7
l*,6l8
5,879
3,81*2
•
l*,239
3,711
3,1.18
907
763
661*
1*6,507
39,601*
1*1,129
1.0,219
32,1.66
3,172
531
33,295
2,677,003
2,613,315
1,539,005
15,385
18,277
7,769
ll.,l65
13,968
10,336
13,232
15,355
13,321
12,505
12,951
8,192
11,310
11,095
6,738
11,607
11,169
6,010
13,211
12,176
11,780
11,532
11,269
7,01*1*
7,151*
8,81*1
6,351
U,1.87
i.,796
11,000
1,'*35
5,097
3,UU8
1,206
l.,800
9UU,738
5,798
3,302
1,350
3,1.19
3,722
1,636
1,251.
3,275
1,237
5,360
3,337
5,256
3,202
1,307
I.,
1,01.3,915
1,175,386
5,781.
l.,522
'.,737
l.,711
l.,7l.5
l*,778
li,782
2,7l»2,U78
5,2Uit,725
10,616
28,759
9,230
8,562
6,1.97
21,831*
9,291*
23,1*33
6,757
211,71.3
8,809
22,292
U,692
8,313
19,361*
19,11.6
7,308
2,069
11*, 580
6,U72
1,858
13,825
5,805
1,571
13,268
6,210
1,769
11., 019
6,307
5,382
11,61*5
2,1*00
7,1*67
2,1*78
2,01*0
10,126
10,162
1,887
10,135
1,737
7,320
7''1
1*39
I1I13
1*26
1.31.
Montana .
Nebraska.
Nevada...
.
3,503
1,592
2,110
6,231
U81»,9U8
1,1*51,699
111,'>93
New Hampshire.
New Jersey
New Mexico, .
3,291
1,602
2,995
1,573
2,065
1,177,503
2,6311,250
226,319
3,51*8,017
226,523
23,068
3,358
1,721
2,037
1,270
1,880,3U7
571,216
.
18,731
2,60U
3,1.1.5
1,880
2,100
2,671*
Minnesota.
Miselealppi.
Missouri....
23,376
2,6Ul
5,376
3,1*22
1,1*79
1,385
370,U3
3,623
3,183
3,3''2
Indiana.
Iowa.
Kansas.
3,007
1,290
1,669
3,773
1,788
2,515
229,081
1,067,370
250,153
7,809, 6u
3,627
1,500
1,987
3,578
2,255
2,995
l,Oi»8,203
Georgia.
Idaho ....
Illlnola.
. .
Sept.
Aug.
Julj
Apr.
829
17,520
1,356
772
111,735
1,168
U,880
8,U37
3,638
561
3,331
632
1,1*00
51.1
12,1*70
960
3,256
1,281
i.,86U
1,31*1
2,066
2,1.95
5,1*39
1,339
3,057
l,50li
U,83l.
5,326
3,131*
ii,lll*
j
20,1.79
21,021
5,1*53
5,771
1,659
670
1U,359
992
688
13,780
965
723
13,786
311,565
37,008
3,681
311,968
3,31.7
1,701*
1,673
1,611*
1,001.
8,629
20,
5,701
1,563
12,527
5,091.
7,7711
9,156
16,500
21,1.07
i.,96U
5,706
1,562
12,875
1,563
13,662
6,651
1,639
13,855
1,1.65
1,1.56
12,71.1.
12,736
1,702
6,835
U90
1,861
7,738
269
1,527
7,316
U92
1,531
6,986
1,71*1*
7,005
1,797
6,219
1.11
1*60
1*07
665
iu,5oe
695
755
15,166
1,018
688
729
13,580
966
797
,1*52
6U3
12,703
957
890
790
13,938
1,088
31., 620
36,809
36,5211
3,561.
1,737
1.566
35,251
3,589
1,995
31,01.2
3,598
1,733
311,126
3,631.
3,1.31
2,01.7
3,965
1,963
23,763
5,106
2,957
25,153
21,926
5,136
2,206
2U,01i5
32,719
1,159
1,906
36,356
1,103
1,920
31,091.
36,913
13,71.0
1,087
30,761.
11*
1,316
10,225
1,975
7,716
507
10,820,202
1,092,682
Ul.,8i*3
1*83,930
2,1*68
36,175
3,878
2,289
Ohio
Oklahoma.
Oregon. ..
5,955,112
1,171,929
960,203
30,753
6,376
3,987
28,260
5,956
3,280
25,876
25,11*3
23,81*0
,679
29,215
21., 792
5,1.31.
1*,961.
l',877
i.,5J.U
5,51.6
2,91.5
2,1*95
2,817
2,398
3,791.
5,830
2,772
FennaylT«uila...
Rhode Island. .
South Carolina.
7,699,5''7
1*2,697
1,277
2,320
35,693
1,321
2,003
36,563
966
3U,232
1,152
2,06U
36,280
1,117
1,976
35,273
1,215
1,913
1*0,811
UU1,855
555,000
3,160
2,639
2,535
3,8li3
3,61*2
3,11.3
2,270
3,121
2,21*3
326
2,052
3,105
2,193
2,931
3,0ii6
l*,258
2,1.91
3,31.6
2,1.56
2,986
2,572
577,61*9
1,021* ,852
Ik, 309
11*, 005
12,61.1.
12,650
2,692
10,721
1,603
519
1,1*28
1,1.69
1,331
357
313
3I19
272
1,233
293
7,951
i.,607
New York
North Carolina.
North Dakota..
South Dakota.
Tennessee. . .
Texas
Utah
Vermont
Virginia.
.
Washington. .
West Virginia.
Wlsconaln
Wyoming
.
Canal Zone
Hawaii
Puerto Rico
Virgin Islands
Other possessions.
Adjustment to dally
Treasury statement.
Total.
Source:
l*,336
3,l,l»9,95l,
15,930
371,373
126,253
1,563,820
1,632
1*15
8,202
111
,811
1,675
396
6,318
3,530
2,008
1,21*7
2,060
2,813
2,927
13,lli8
13,251*
1,266
1,1.67
31.1
36I.
32U
1,392
302
6,151
6,170
6,362
6,131
6,708
6,311.
5,1.78
6,648
l.,992
U,7l*9
6,192
l.,502
5,318
3,972
7,901
5,38"
1*,182
5,151
U,6l8
8,938
671
l.,599
3,91.6
l.,232
8,095
672
6,823
702
6,528
97
622
176
6
6,1*39
703
5,295
9,880
10,215
U,58l
6,381
806
l.,956
U,ll*6
873
038
U06
715
57,372
389,659
5t,87U
2,620
3U,U68
273
880
158
18
202
1,032
165
6
169
893
106
,950
+I,0li5
-.27,981
1*07,11*7
952
1,707
13,121
951,317
2,168,001
189,879
510,211
1,911*
5,691*
2,71*1*
,029
1,621* ,630
95,958,5^*9
I*,
32,921
1,021
3,200
1,559
11.
l.,886
1*1.
1,1*12
2,221*
11,696
U.,71.0
l*,886
•(2,323 ,1*80
21.
3,555
1,581
1*17,608
8,308
8,11*5
712
611
8,968
571
9,699
667
287
827
155
85
777
168
216
719
108
1,033
186
195
886
85
270
978
178
12
12
5
h
1.
+17,1.31
+15,032
+21,993
+15,782
1.18,233
397,951.
Dally Treasury statement and reports from Federal Beserre Banks.
368,297
375,823
1/
237
731.
1,31.2
5,1*1*1
7I.7
186
173
831.
791.
h
173
6
36
5
+6,156
+3,592
+17,509
+11,600
-6,221
369,061.
351,981.
377,751
32U,li91
370,1*1*6
sales of Series E began June 1, 1952.
^
February 1959
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Dietrlbution of Federal Securities by ClasseB of Investors and Types of Issues
(In mllllone of dollara)
End of
flBcal
year or
month
5
9
..
... .
.
.
9
U
1
-
7
5
U
5
9
U
9
1
55
9
7
66
9
7
5
3
u
2
Treasury Bulletin
50
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Eetlmated Ownership of Federal Securities
(Par values l/ In bllllona of dollars)
Held by banks
Total
Federal
End of
month
aecurltlei
o ut stand
ins 2/
1939-Deceiiiber
.
.,
.
19'*0-June
December
...
19ll-June
December.
.
19l»^-June
December
...
Federal
Keaerve
Banks
Govermnent
Investment
accoisits hj
15.9
2.5
6.5
22.7
1.9
8.2
0.3
3.1
2.2
18.6
19.5
16.1
50.9
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
.5
55.3
6U.3
21.8
23.7
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
3.6
5.^
7.6
8.2
7.1
8.2
3.1*
21.1.
3.7
2.0
U.O
.7
77.0
112.5
28.7
26.0
10.6
12.2
37.7
53.0
17.8
23.7
8.7
1.1.1
2.6
6.2
9.1
•7.3
IS.!*
10.3
9.2
11.3
I*.
10.1
1.0
59.1.
52.2
67.0
81.7
30.9
37.6
19.2
13.1
15.1
12.9
21..
11.7
12.9
5.3
59.9
7.2
11.5
lU.S
71.5
6.1
16.1.
1.5
2.1
68.1.
II1.9
1.6.1
17.1
7.3
8.3
3.2
53.3
17.3
19.6
20.2
111..0
31.2
36.2
11*.
18.8
19.1
21.7
100.2
77.7
21.1.
i*.3
.2
21.8
21..
1.0.7
21. .3
27.0
128.2
136.6
59.1
90.8
61..
1.2.9
18.5
21.2
22.7
2U.0
9.6
10.7
23.3
22.2
6.5
22.9
23.8
1-3.3
21.
.U
63.3
113.5
19.9
21.
.9
71..
23.3
135.1
132.6
130.7
20.8
81..
28.0
29.1
30.9
.2
UU.2
20.1
21.
.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
32.8
133.7
131.3
66.6
65.7
1.5.5
21.1
19.1.
2U.b
23.9
12.1
12.0
13.7
lu.l
7.1
U6.2
130.7
129.7
65.8
65.5
1.7.1
1.7.8
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.6
7.9
ll.b
15.6
16.8
8.0
8.1
8.7
8.8
.
2CE.6
232.1
83.3
96.5
19^5-JunR
December.
.
259.1
278.7
106.0
115.0
17.3
19.7
81.
16.9
19U6 -February 2/
J une
December.
279.8
269.9
259.5
116.7
108.2
97.9
19''7-June
258.1.
91.9
257.0
91.3
70.0
68.7
21.9
22.6
3u.ll
252.1.
85.9
85.8
6U.6
62.5
21.1.
35.8
23.3
37.3
.
WkS-June
December.
banks
State and
Corpora- local
tions 6/ governments 1/
1.8.5
-June
December.
.
Mutual
savings
.1.
.
December.
Insurance
companies
Savings
bonds
l8.lt
WltS-June
December.
.
^
Individuals
1.7.6
1U0.8
170.1
191,^
Held by private nonbank investors
U. S.
Commercial
banks
1/
93.8
61..
61.
3.9
I*.
.1.
.6
.9
5.3
7.3
.
252.9
19.3
18.9
39.1.
132.2
132.1
U8.8
85.7
53.0
66.8
66.6
.
252.8
257.2
82.1.
December.
66.3
1.9.3
17.8
17.0
20.5
20.1
11.1.
1950-June
December.
257.1.
65.6
61.8
37.8
135.6
67.1.
20.8
39.2
13l».9
66.3
119.9
1.9.6
17.6
16.7
19.8
18.7
11.6
10.9
18.1.
256.7
83.9
82.6
18.3
.
1951-June
December.
255.3
259.5
81.1.
58.1.
U9.I
1.2.3
6U.6
1.9.1
16.3
15.5
17.1
16.5
10.2
61.6
132.9
131.8
65.1.
85.1.
23.0
23.8
Ul.O
.
9.6
20.1
20.7
259.^
81.
.0
61.1
22.9
U14.3
130.8
61.
.8
1.9.0
2.17.1.
88.1
63.1.
21..
1.5.9
133.11
65.1
1.9.2
15.7
16.1
9.5
9.5
18.8
19.9
10.
.
15.7
16.0
58.8
63.7
1.7.6
1.9.3
1.8.3
61..
1.9.U
16.9
15.5
16.0
15.8
9.5
9.2
18.6
25.9
135.0
137.3
66.1
.
83.6
89.6
21..
,
i«).l
275.2
21.5
12.0
12.7
88.7
63.6
69.2
25.0
1.9.3
1.9.6
15.3
13.7
15.0
9.1
8.8
16.6
19.2
13-9
.9
6U.8
63.6
15.3
21.
133.3
135.1
1*9.5
.
271.3
278.8
271.
87.1
63.5
62.0
23.6
136.7
50.8
50.2
1U.8
15.6
11..
6.7
8.5
18.5
23.0
U.7
11.2.3
65.6
65.8
15.1.
.8
50.5
51.7
57.1
59.3
23.8
53.5
17.1.
13.3
8.1.
51..
67.7
67.3
50.3
21.
138.5
138.5
50.1
17.2
12.8
8.0
17.1
18.2
15.7
16.1
58.1
55.8
23.1
23.0
139.7
136.2
68.1.
1.9.6
U9.1
18.8
18.7
12.6
12.3
8.1
7.9
17.7
67.8
15.1*
16.6
16.9
23.1.
55.2
55.8
137.3
138.0
67.9
23.5
23.3
68.
55.1"
137.1.
68.5
U8.9
U8.8
U8.6
19.0
19.6
19.9
12.3
12.2
12.2
7.9
7.9
7.9
16.0
16.5
15.7
16.9
17.1
17.2
55.1.
137.3
137.6
136 .U
67.8
67.6
66.8
1.8.1.
19.1*
1.8.3
19.3
18.6
12.2
12.1
12.0
7.8
7.6
7.6
15.9
16.5
16.5
17.2
17.3
17.0
137.6
136.7
ISk.S
67.1
66.8
66.9
U8.2
18.9
18.6
18.7
12.0
11.9
11.8
7.6
7.6
7.6
17.3
17.2
17.3
17.3
17.3
66.
1.8.1
U8.1
U8.0
18.3
18.1
17.7
11.8
11.7
11.7
7.6
7.5
11*.
66.1
65.7
7.1.
13.3
19''9-June
1952 -June
December.
1953 -June
December.
1951*
-June
December.
1955-June
December.
1950-June
December
.
.
,
280.8
.
.
.
1957 -March
J une
July
August
September
,
.
.
21.
80.8
276.7
81. .2
275.1
270.6
81.3
272.6
80.2
80.1
81.6
56.8
56.6
271..
271. .2
81.
271..
81.9
83.3
58.1
58.2
59.1
23.3
23.7
58.6
23.3
23.2
23.6
55.1
55.2
55.8
55.9
133.1
132.3
130.2
13c.
65.3
1.7.9
17.1.
130.8
130.7
65.0
1.7.9
61.
.8
1*7.9
17.0
16.9
133.1
61.
.9
1.7.8
131..
6U.9
1.7.8
275.0
78.
58.3
21.
.9
.2
l*y
^
55.3
55.2
59.1.
April
May
June
275.2
275.7
86.9
87.7
,2
23.7
,6
21. .2
276.1.
90.3
9
25.1'
July
August
September.
275.<)
89.1.
278.6
276.8
91.8
k
90.1.
5
25.0
55.6
56.0
55.6
October. ...
Novemlier p
280.3
283.2
92.1
93.9
66.7
67.7
25.1.
55.1
26.2
51.
2 71. .8
59.1*
21..
25.3
So-^rce;
Ofrice of the Secretary, Debt Analysis Staff.
1/ tinlted states savlnga bonds. Series A-F and J, are
±/
.2
55.6
272.7
.
.
2/
51.
82.0
82.7
83.0
271.. 7
.
50.0
2 •,'2 .8
271. .0
.
October. ...
November ...
December.
1958-January
Fe bruary
March
.1.
91..
38.3
55. l»
55.1*
.8
Included at
current redemption value.
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and Island possessions.
Figures exclude securities held in trust departments.
Holdings by Federal land banks are Included unler "Miscellaneous
investors" instead of "U. S. Government Investment accounts" after
Jime 26, 191*7, when the proprietary Interest of the United states
in these banks ended.
Includes partnerships and personal trust accounts. Nonprofit
1.8.2
1*8.2
1*8.1
17.1
17.1
19.7
15.1*
11*.
11.8
11.9
11.9
7.1.
13.9
7.5
11*.
7.1.
11.
12.1
7.1.
12.1
7.3
.3
15.9
16.9
!
Mlscellaneoue
Investors
(t/ 6/
9.1*
9.6
11.1
11*. I*
15.1
17.1
17.0
16.9
17.0
17.0
17.0
I''.
17.2
institutions and corporate pension trust funds are Included under
"Miscellaneous investors."
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment f'jnds of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings and loan associations, nonprofit Institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accounts in this country. Beginning
December l9l*o Includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in
special noninterest-bearing notes issued by the U. 3. Government.
Immediate postwar debt peak.
Preliminary.
,
I
February 1959
51
.TFEASURY SURVEY OF OWNERSHIP, NOVBfflH! 30, I958
,
The Treasury Survey of Ownership covers securities
issued by the United States Government and by Federal
agencies.
The banks and Insurance companies Included In
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank classes and nonmember banks are published for June 30
and December 3I. Holdings by corporate pension trust funds
the
United
March 31,
States.
191*1,
Data were first published for
"Treasury Bulletin".
In the May I9IH
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commer-
are published quarterly end first appeared In the March
Bulletin for quarters beginning December 3I, 1949.
Section I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par Tallies
Clasalflcatlon
-
In
millions of dollars)
1951*
Treasury Bulletin
52
,
TFEASURT SORVEy 07 OWHISSHIP, NOVEMBH? 30, I958
,
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
Footnote a at end of Table U.
-
In millions of dollars)
(Continued on following page)
February 1959
53
.
Section
I
-
TFEASURr SUKViiY OF OWBIRSHIP, NOVIMBH! 30, I958
.
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par valuee
-
In millions of dollare)
-
(Continued)
Treasury Bulletin
5^^
,
Section
TOEASORT SURVET OF OWNERSHIP, NOVmBTO 30, 1958.
Intereet-Bearlng Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
II -
(Par vaiuee
Footnotes 1 through 9 on preceding page.
10/ Includes Federal Housing Administration debentures; see
footnote Ig/.
Taj anticipation series.
12/ A email indeterminate amount of these debentures Is partially
tax-exempt.
-
In mlUlonfl of dollare)
February 1959
55
.MAPKET QUOTATIONS ON TREASURY SECURITIES, DECINBER 31, I956.
Current market quotations shown here are over-the-
public marketable securities Issued by the United States
counter oloelng bid quotations In the New York market
Government except Panama Canal bonds. Outstanding
Iseuee which are guaranteed by the United States
for the last trading day of the month,
as reported to
the Treasury by the Federal Reserve Bank of New York.
The seourltlee listed Include all regularly quoted
Government are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Treasury Bulletin
56
MAEKET QUOTATIONS OH TREASURY SECUDRITIES, DECEMBER 31,
Table 4.- Taxable Treasury Bonds
1958
February 1959
57
.MAFtKET QUOTATIONS ON TREASUEY SECURITIES, DECEMBER 31, I958.
o
o
o
in
o
m
10
,.. .,.,
.
.
Treasury Bulletin
58
.AVERAJE YIELDS OF LOMG-TEBM BONDS-
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per aimun)
Treaeiiry
bonds 1/
Moody* a Aaa
corporate
bends
Period
Annual series
ista
19^3
ISUk
2.U6
19lt5
2.37
2.19
2.25
2.l»7
2.1*8
igue
1*7
1953 -April
May
Jme
July
August
September
.
.
October .
November
December.
195U -January .
February.
March . .
.
.
April
May
June
,
July
,
August.. .
September
October. .
November.
December .
1955-January.
February.
March
.
£.83
2.73
2.72
2.62
2.53
2.61
19^8.
19^9.
1950.
1951.
1952.
1953.
-
Treaeury
boDde 1/
Moody's Aaa
corporate
bonds
calendar year ayeragee of monthly series
2.ltlt
2.31
2.32
2.57
2.68
2.9l>
2.82
Treasury
bonds 1/
Moody B Aaa
corporate
bonde
'
February 1959
59
.
AVEIWGE YIEIDS OF LON&-TEFM BONDS.
60
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
February 1959
61
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS'
DOLLARS
Billions
Billions
Tofol*
75
50
25
DOLLARS'
Billions
46
44
42
40
36
36
34
32
30
28
26
24
22
20
18
16
14
12
10
8
6
4f
2
^^'^^^ Fiscal Year
75
... .
Treasury Bulletin
62
.MDKETAPY STATISTICS,
Table 1.- Money In Circulation
(In millions of dollar e except per capita figures)
Paper money
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
Sold
certificates
SllTer
certificates
2/
Treasury
notes of
1890
united
States
notes
Federal
Federal
Re serve
Be serve
notes
notes {/
i/
1952
1953
195^
1955
27,809
29,026
30,125
29,922
30,229
26,231
27, sue
28,359
28,127
28,372
39
38
37
35
1956
1957
1958
30,715
31,082
31,172
28,767
29, QUO
29,071
1957-Docember.
31,83U
1958-January
February.
March
fianic
318
National
bank
notes {*/
61
77
3'.
2,092
2,088
2,122
2,135
2,170
318
318
320
319
25,609
25,385
25,618
33
33
32
2,1U8
2,162
2.200
318
321
317
26,055
26,329
26,3U2
1''7
120
6U
62
59
29,T2i»
32
2,156
316
27,031
126
61
30,576
28,516
28,it97
2,010
2,oe6
30,666
28,600
32
32
32
301
306
309
25,986
25,9U8
26,011
125
30,551'
123
60
60
60
April
May
June
30,565
30,99^
31,172
28,U90
32
32
32
2,118
2,198
2,200
313
25,ek5
318
317
26,171*
122
121
60
60
26,3U2
120
59
July
August.
September
31,171
31,371
29,06li
2,172
2,170
SlU
26,366
26,560
31,2''5
32
32
32
2, 161
31U
26,U3li
119
118
118
59
59
October.
November
December
31,386
32,036
32,193 5/
29.87''
31
31
30,012
31
2,153
2,176
2,177
315
317
311
26,569
27,173
27,318
117
116
115
59
59
58
1951
.
.
..
.
.
Bid of fiscal
year or month
28,90lt
29,071
29,255
29,118
29,2U
Total
coin
2,06J.
3U
Standard
silver
dollars
Subsidiary
silver
1955
1,578
1,678
1,766
1,795
1,858
180
191
202
212
223
1,020
1,093
1,150
1,165
1,202
1956
1957
1958
l,9lt8
2,0U2
2,101
237
253
268
1957-December.
2,110
1951
1952
1953
23, '•56
2i»,605
Minor
coin
378
393
1*13
21*3
221
200
73
180
163
70
67
133
121.
59
Money in
circulation
per capita
(in dollars) 6/
180.17
181'. 90
188.72
iil9
18U.21.
''33
182.91
1,259
1,315
''53
182. 6I1
'iTU
1,3''6
1.87
181.52
179.08
263
1,358
li89
l6U.29r
2,061
2,057
2,066
262
262
263
1,317
Ubl
U8l
176.73
176. UO
176.82
April
May
June
2,075
2,090
2,101
265
266
268
1,328
1,339
k6i
176.01
''85
178. 21t
1,3'«6
'•87
179.08
July
August
September
270
272
273
1,3''9
U89
.
2,108
2,117
2,127
1,353
1,360
''91
178.81
179.68
178.67
Oc tober
.
2,llt2
271.
163
2,182
275
278
1,371
1,387
1,399
U96
500
505
195^.
1958-January
February.
March
.
.
November.
December.
Source: Circulation statement of Uilted States Money.
1/ Excludes money held by the Treasury, money held by or for the account
of the Federal Reserve Banks and agents, and coin estimated to be
held outside the continental limits of the Ullted States. Includes
paper currency held outside the continental limite of the united
States.
2/ Gold certificates were withdrawn from circulation In 1933.
1,31''
1,322
if
y
1.93
179.21
182.68
183 .33
Treaeury notes of I89O In circulation are being canceled and retired
upon receipt by the Treaeury.
Federal Reserve Banic notes and national bank notes are covered by
depoelte of lawful money and are in proceee of retirement.
Bighest amount to date.
Based on latest population eetlmat«a by the Bureau of the Census.
Revised.
February 1959
63
.MOBETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amovpto In mllllona)
Gold
SdA of flBcal
year or month
(»35 per
fine ounce)
SllTer
($1.29* per
fine ounce)
Batlo of silver
to gold and
sliver In
monetary stocks
(in percent)
1951
195S
1953
21,755.9
23,3''6-5
3,718.5
3,768.5
IU.6
13.9
3, 811..
lli.S
3.863.1
3,922.''
15.0
15.3
3, 99''.
15.5
'',116.6
'',306.0
IS."*
1955
22,U62.8
21,927.0
21,677.6
1956
1957
1958
21,799.1
22,622.9
21,356.2
1957-December
22,781.0
U,185.U
15.5
195d-Janwu7
22,783.5
22,686.2
'',209.3
'',236.2
'',2lH.l
15.6
15.7
15.9
16.2
16.5
1951*
February
March
22,39't.l
16.8
April
May
JvDe
21,996.2
21,593.6
21,356.2
'',25''.
July
August
September
21,209.9
21,011.5
20,873.5
'(,309.1
'',313.1
October
November
Deoeaber
20,690.0
20,608.5
'',332.0
l',3''7.1
17.'*
20,53'' .3
i»,362.5
17.5
Circulation statement of ttolted States Money.
Source:
silver monetary stock see Table U
U, 280.0
'',306.0
U,31U.9
16 .6
16.9
17.0
17.1
17.3
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities:
ttld
of calendar year or month
Gold assets
Gold certificates,
Balance of gold in
Treasurer' s account
etc. 1/
21,662.5
22,178.8
1,032.9
1,008.2
21,5''5.7
''83.7
U89.O
195''.
22,695.5
23,187.1
22,029.5
21,712.5
1955-
21,690.''
21,223.5
21,199.1
1956.
1957.
1958.
21,9''9.5
21,i>58.3
1191.2
22,781.0
22,272.9
20,138.2
508.1
396.1
22,292.2
22,287.2
21,992.1
"91.3
399.0
1951.
1952.
1953.
20, 53''.
1958-January
February.
March
.
22,783.5
22,686.2
22,39'».l
l»91.2
1102.0
April.
May...
June
21,996.2
21,593.6
21,356.2
21,596.7
21,192.5
399.6
UOl.O
20,95''.
1>01.5
July
August. .
September.
21,209.9
20,808.8
20,612.0
20,U75.8
ItOl.l
October
November..
Secember..
20,690.0
20,608.5
20,292.7
20,206.9
20,138.2
397.3
.
.
Source; Circulation statement of liiited states Money.
1/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold certificate
21,0U.5
20,873.5
20,53''.3
399.5
397.7
itOl.7
396.1
fund - Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0 million
Bgainat tilted States notes and Treasury notes of 1890.
k
9
. ..
Treasury Bulletin
6»^
.MOKETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollare)
Silver held In Treaeury
Silver outside
Treasury
"T"
End of calendar
year or month
Securlng ellver certlflcatee 1/
Silver
bullion 2/
1951
1952
2,073-5
2,109.7
1953
195^
1955
2,1'»0.8
2,171.1
2, 19''. It
In Treasurer's account
Silver
dollars
Subsidiary
coin
301.0
289.3
278.3
267.6
253.5
1.7
3.9
6.3
U8.0
15.7
2.3
8.2
^
.1
62.9
92.3
252.2
269.3
1*,
ll».9
li«8.3
285.1*
1,338.2
1,U02.6
1,UU6.2
16.9
99.1
108.5
10U.2
269.8
270.1
270.8
1,U03.8
1*
1,1*03.7
1,1*07.8
1*,
105.5
272.7
273-9
131.5
271*.
1,1*13.3
1,1*17.9
1,1*22.0
U,25l*.9
U9.0
1,U25.1.
i*,309.1
28.9
2,226.0
2,226.0
2,228.3
215.5
21U.3
213.3
33.6
30.7
26.8
2,230.9
2,233.1
2U.3
2,238.11
2,2ll2.8
2,2U5.0
205.1
203 .li
202.7
3,71*1.3
3,79i*.l
1,283.2
218.6
218.3
217.5
October...
November.
December..
1,083.1
1,158.1
1,213.1
235.
2,215.6
2,215.6
2,219.0
209.5
207.1
191.3
'•5.3
per fine
ounce
17.6
1958 -January.,
February
March
2,238.1*
doUars 1/
82.0 2/
Subsidiary
coin X/
u.o
236.3
219.0
202.7
July
Ai^ust. . ..
September
Silver
.3
2,2l>5.0
April
May
June
Bullion
at cost
202.5
213.2
223.1
1956
1957
1958
2,208.9
2,212.9
Bullion for
recolnage J*/
Total
sliver
at $1.29+
30.7
35.3
1.0
25.3
25.8
23-7
20.8
16.5
111
.9
Source: Circulation statement of Itolted States Money; Office of the
Treaaxa-er of the llilted States.
1/ Valued at $1.29+ per fine ounce.
2/ Includes sliver held by certain agencies of the Federal Government.
.3
131.5
131.7
128.3
276.9
278.7
281.0
.3
136.8
283.1
11*2.1
1U8.3
.3
.3
i/
kj
Valued at $1.38+ per
Valued at $1.38+ per
according to whether
sidiary silver coins
Less than $50,000.
1,21*2.7
3,837.0
3,886.6
3,930.1
i*,06u.i
185,1*
'',362.5
,209.3
236.2
1*,2U1.1
I*
,280.0
u, 306.0
1,U26.8
'',313.1
1,1*31-0
l*,31''.9
1,1*36.7
1,1*U2.1
'',332.0
281. .8
285.1*
1,1*1*6.2
'',362.5
1*,
31*7.1
fine ounce.
-fine ounce or at $1.29+ per fine ounce
the bullion Is held for recolnage of sub-
or for recolnage of standard sliver dollars.
February 1959
65
.MORETARY STATISTICS.
Table 5.- Seigniorage on Silver
(Cumulative from January 1, 1935
-
In millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor)
Misc. silver
(Incl. silver
bullion held
June lU, 193k)
Silver Purchase Act
of June 19,
193l»
Nationalized
silver
(Proc. of
Aug. 9, 193l<)
1*57.7
31..
71.
530.7
31..
87.3
31..
19ltO
122.2
182.1
2U5.7
299.6
362.3
1.8.7
562.7
US.
580.
31..
U8.7
581..
31.
1.8.7
58U.3
31..
1.8.7
581..3
31..
1.29.5
1.91.9
1.8.7
1.8.7
1.8.7
1.8.7
701.6
832.1
832.1
832.2
833.6
31'.7
i!)li2
19U3
19^
19i»5
19i»6
U8.7
U8.7
1.8.7
1.8.7
19'«9
520.5
559.2
578.7
1950
1951
596.6
6U2.3
U8.7
1952
1953
WS"!
1955
1956
1957
69't.2
1.8.7
1.8.7
792.9
807.0
839.6
890.3
1.8.7
1958-January.
February
March..
895.3
901.3
907.9
U8.7
913.2
917.9
920.0
1.8.7
1.8.7
August ..
September.
921.2
923.3
92U.6
October.
November.
927.0
928.7
19^7
19i'8
7'*2.2
.
April
May
June*....
July
.
.
U8.7
1.8.7
1.8.7
U6.7
1.8.7
1.8.7
1.8.7
U8.7
U8.7
U8.7
U8.7
1.8.7
U8.7
1933
Si-.
18.5
U6.1
63.7
69.5
91.7
1.8.7
^oclamatlon
of Dec. 21,
226.2
306.7
366.7
1935
1936
1937
1936
1939
ign
Potential
seigniorage on
sliver bullion
at cost In
Treasurer's
account 2/
Newly mined silver
16.8
36.0
58.0
311.7
31*
.7
.7
31..
31..
31..
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
31*
i^
31.
31*
31.
31.
31..
31.
.7
833.7
833.7
833.7
31..
833.7
833.7
833.7
31..
833.7
833.7
833.7
31..
31^.7
833. 7
833. 7
31».7
3i».7
31..
3l».7
31*
.7
SI*.
31'.7
Source:
Bureau of Accounts.
1/ These items represent the difference betueen the cost value and the
monetary value of silver bullion revalued and held to secure silver
2/
Acts of
July 6, 1939,
and July 31, i9^(>
Total
seigniorage
on silver
revalued
320.2
271. .9
1.22.1
397.5
51.1.6
ii.a
508.1
616.0
705.6
87.6
87.6
87.6
87.6
87.6
25.7
759.1.
1.8.3
799.7
818.9
820.6
820.7
1,055.8
1,089.0
87.6
87.6
87.6
87.6
87.6
65.5
66.5
.9
63.6
65.3
65.1.
71..
81.
.6
93.5
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
101..
758.8
950.6
1,01.8.2
967.3
717.3
938.1
1,069.6
1,077-6
1,087.8
1,098.1
333.2
161.2
111.7
81.9
57.2
11.6.8
129.9
127.2
131. .7
1,109.3
1,119.2
1,130.0
1,139.3
11.3.8
1,11.8.1.
6.6
150.8
155.2
1,155.1.
11^.3
156.1.
1,159.8
1,161.0
50.0
72.9
87.6
87.6
87.6
157.2
157.2
158.2
1,161.8
1,161.8
1,162.8
81.1.
S7.6
87.6
87.6
160.3
160.3
l6l.0
1,16U.9
1,16U.9
1,165.6
80.9
92.5
97.6
87.6
87.6
87.6
161.8
1,166.1.
101.9
162. U
161..
1,167.0
1,168.6
101.1
98.8
87.6
87.6
16U.0
1,168.6
106.1
165.
1,169.9
109. U
llU.o
125.1.
31*.
79.8
80.6
The figures in this colujm are not cumulative; as the amount of
bullion held changea, the potential seigniorage thereon changes.
certificates.
Table 6.- Increment Resulting from the Reduction In the Weight of the Gold Dollar,
as of December 31, 1958
Allocations of
increment 1/
Exchange stabilization Fund
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
139,299,557.00
Payments to Federal Reserve Banks for Industrial loans 2/.
Philippine currency reserve
Melting losses on gold coin
Retirement of national bank notes
UlB Bsigned
Total increment.
Source: Bureau of Accounts.
1/ The authority, purpose, and amount through I9I.O of these allocations
are summarized In the I9I.0 Annual Report of the Secretary of the
Treasury, pages 128-30.
a/ Pursuant to Public Law 85-699, approved August 21, I958 (72 Stat. 698)
Increment
$23,862,750.78
23,862,750.78
2,175,121.93
1,857,673.10
61.5,387,965.1.5
61.5,387,965.1.5
317,1.1.6.63
8,771,595.1.5
8,771,595.1.5
2,819,1.96,990.61
Iftlexpended balance of
2,786,51.5,195.55
32,951,795.06
the $1H,753,2U6.03 unexpended balance of this allocation was covered
Into the Treasury as miscellaneous receipts; snd the $27,51*6,310.97
which had been advanced to the Federal Reserve Banks under this allocation was repaid into a special fund from which It was appropriated to
the Small Business Administration to be available for grants under
section 7 (d) of the anall Business Act, as amended.
Treasury Bulletin
66
.EXCHAMGE STABILIZATIOH FUHD.
Table I.- Balance Sheets as of June 30, 1958, and September 30, 1958
June 30, 1958
September 30, I958
Cash:
Treasurer of the lillted States, checlflne accoiait...
Federal Reserve BanJi of New York, special account..
Dlaburslng officers' balances and advance accounts.
$3 ,'•15,521.11
t3, 153,725. 33
n't, 161, 78^.57
8,1.31.69
227,137,166.90
3,371.56
Total cash.
$230,556,059-57
$177,293
,9''l. 59
Special account of Secretary of the Treasury with
Federal Reserve Baxik of New York - gold
55,821, 31tl..l»2
55,665,118.59
Investinents in lilted States Govemioent securities.
35,000,000.00
90,000,000.00
158,156.18
323,217.56
Accrued Interest receivable
Accounts receivable
62,125.01
Interest purchased
37,651.37
unajoortlzed premli^ on Treasury obligations
3U ,287.05
Federal Reserve Bank of New York clearing account..
Total assets
323, 35'' ,216. 16
321,597,685.18
Liabilities and capital;
Accounts payable:
Vouchers payable
Bnployees' payroll allotoent account, Uhlted States
savings bonds
Miscellaneous
5,15'*.77
12,005.01
2,707.11
1U8,680.85
2, '87.56
659,920.78
Total accounta payable
156,5^*2.73
65,662.79
Uiajnortlzed discount on Treasury obligations.
Capl tal account
Deduct - Subscription to International Monetary Fund...
2,000,000,000.00
1,800,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
200,000,000.00
Net Income (see Table 2)
121,l»ltl,llt2.1>5
122,6l'»,llt0.0B
Total liabilities and capital.
321,597,685.18
323, 35'' ,216. 16
Annual balance sheets for fiscal years 193** through 191*0 appear In
the 19'+0 Annual Report of the Secretary of the Treasury and those for
Note:
succeeding years appear In subsequent reports.
Quarterly balance sheets
beginning with that for December 31, 1938, have been published
In the "Treasury Bulletin."
February 19^9
67
.KXCHAWtJE 3TABIIJ2ATI0N FUND.
Table 2.- Income and Expense
Clasalfleatlon
Treasury Bulletin
6g
.CAPITAL MOITHMENTS.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 656O of January 15,
1934,
Executive Order IOO33 of February
8,
19'^9,
In the "Treasury Bulletin." Supplementary Information is
published at less frequent intervals. Reports by banks,
bankers, securities brokers and dealers, and industrial
and commercial concerns In the United States are made
initially to the Federal Reserve Banks, which forward
Beginning April
'4-5-'*7.
As a result of changes In presentation
introduced In that Issue, not all breakdowns previously
published will be exactly comparable to those now presented.
and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
consolidated figures to the Treasury.
pages
195'*,
data reported by banks in the Territories and poseessions
of the United States are Included In the published data.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
Oountrles, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent intervals. Table 1, short-
term foreign liabilities and claims reported by nonfinancial concerns, is published quarterly in the January,
April, July, and October Issues of the Bulletin.
Table
2,
The term "foreigner" as used In these reports covers
all Institutions and individuals domiciled outside the
United States and its Territories and poeseseions, the
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
official institutions of foreign countries, wherever
such Institutions may be located, and international
inetitutions, are published quarterly In the March, June,
organizations.
"Short-term" refers to original maturities
of one year or less, and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June IS^k issue of the "Treasury Bulletin,
"
and dollar holdings of foreign countries and international
September, and December Issues.
Table 1+, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-term liabilities to foreigners in countries and
areas not regularly reported separately by banking in-
stitutions,
Is
presented annually In the April issue.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In mllllona of dollars; negative figures Indicate a net outflow of capital from the Uilted states)
Analysis of net capital movement
Calendar year
or month
Net
capital
movement
Changes In liabilities to foreigners
Short-term
banking
funde
Transactions
In domestic
securities
Changes in claims on foreigners
Short-term
February 1959
69
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(POBltlon at end of period In mllllona of dollara)
aort-tenn llabllitlea to forelgnera
Payable In dollara
End of calendar year
or month
Foreign
official
Other
foreign
International
19112
,205
2, 2ltlt.lt
1,9117.1
19113
37I1
3,320.3
3,335.2
2,036.7
2,239.9
2,678.2
2,922.0
lt73.7
2,972.7
2,262.0
2,9117.0
61tlt
1,832.1
2,836.3
2,908.1
3,620.3
3,lt51.7
i,a6u.3
1,657.8
1,527.8
l,6lil.l
19ltli
596
I9I15
,883.
I9I16
,lt80
19117
,116
11,179.3
3,Olt3.9
I9I18
,718,
19^9
1950
1951
,618
302-
3,5lt7.6
11,0111.2
1952
1953
,5lt6,
"1,6511.2
lt,2lt5.6
61t8,
1955
1956
918.
,600.
,939.
5,666.9
6,770.1
6,952.8
It,
19511
8, 0lt5.it 1/
0957
1958 p
,158.
,157.
5,392.8 1/
5,665.3 1/
5,892.0
7,916 .6r 1/
8,661.7
15,337
15,310
15,182
8,019.3r
8,119 .Br
8,Ol8.3r
April.
Hay.
June.
15,058
.
15,211t
7,953. It
7,9116. 5r
7,931. Ir
July
August
September
15,385
15,680
15,6U2
8, 101.lt
8,lilU.8
15,9115
8,663.7
16,0U5,
16,157.
8,6311.3
195e-Januflry
.
February.
March
15,270
.
October.
November p.
December p.
.
.
8,1103. 5r
8,661.7
3,001.0
It,
308. It
335. It
"1,726.5
Short-term clalme on forelgnera
Payable in
foreign
currencies
Payable In dollara
Loans to
foreign banjEa
Payable In
fore Ign
currenclea
Treasury Bulletin
70
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In milllona of dollare; negative flguree Indicate a net outflow of capital from the Iblted States)
February 1959
71
.CAPITAL MOVEMESTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Foaltlon at end of period
Iji
milllonB of dollar*)
^
Treasury Bulletin
72
.CAPITAL MOVEMENTS.
Section
II -
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(POBltlon at end of period In mllllone of dollare)
1/
Part of mitod Arab Republic (Bfeypt and Sjrla) elnce Februarj 1958.
Data on clelne on Syria are not available separately, but are
Included In "Other Asia."
Less than $50,000.
Preliminary.
Bevleed.
February 1959
Ti
.CAPITAL MOVIMKNTS.
Section II - Summary by Ck>untries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(Id thouaande of dollare; negatlTe figures Indicate net Bales by forelgnarB or b net outflow of capital from the Itolted States)
Calendar year
1958
Country
1955
Europe:
Austria
Belglun
CzechoslOTakla
Demark
Finland
France
Germany, Federal Republic of....
Greece
Italy
Netherlands
1956
1957
1958 p
-6
-2,903
13,311
768
25,355
9,886
-28
-98
1,923
U8
1
-1,196
-59
-702
-37
-1,685
8,761
-120,635
6,596
8u
-51l»
July
-39
25
-610
-70"
-71
"18
-230
72
125
-3"8
-2,091
159
-187
17"
995
678
-711'
758
-lt,U76
25
J.
5,235
1,337
-5,715
1,871
-7,6U5
15,093
3,130
1,0U5
-8,991
1,012
-2,220
218
-796
18,553
-26
2,109
-6,925
9,879
-6,89l»
U22
17,695
-U2,l»27
39, ''16
Norway
Poland
Porti^al
BuBanla
Spain
'•7,580
37,977
19,0lt6
39
6
1,603
lt,i.9U
U'.
663
1,001
-651
-2,2li9
105
Sweden
Switzerland
Turkey
U.S.S.B
ttilted Kingdom.
-l,00li
-1.7
'',339
-3,961.
l't7,U87
233,939
6,111
98,302
-7
79
-32,562
36
-19,197
31.6
96,025
7,659
79,027
-186
5,37U
120
10,3''0
329,117
26U,825
161,019
291,273
-123,507
-8,357
930
108
1,110
3,782
3,066
U92
1,832
2,260
1,255
-IA8
869
963
1,292
YugoslBTla
Other Europe
.
.
Total Europe.
Canada
lAtln America:
Argentina.
Bolivia...
Brazil. ,.
Chile
Colombia.
.
Cuba
Dominican Republic
G uatemala
Mexico
Netherlands W. Indies and
Surinam
SepteBber
-1,018
-k,795
9,5^3
3,012
61
672
2,261
-361
August
-l>,6lli
-'.,01'.
129
-"
-2,300
-200
-5
2,053
137
-",17"
-10
538
-75
-37"
-321
-1,377
-2,0"6
"3"
8,080
18
-392
-",538
-8
1
-"
-l'',519
-25,903
13,625
-8,952
-8,906
-165
-26
3
-3,621.
-15
-153
"
23,161
-5,066
1,215
38
-''2,551
-1.6,623
2,860
-17, "79
-70
-202,213
-102,921.
1,853
-3, "35
-5,555
-3"7
37
-5
-387
-I'l
-51.
l,ii60
1,6911
53,677
9,087
778
281
-271.
168
18
-333
-623
3
-100
16
3
-2"
-13'.
-2,601
UlO
12
-380
-176
-77
353
-105
-l,"17
10
-1,271.
-1.76
595
11
"2
1,571
1,177
-lUl
-29
'.08
2,128
'',723
2,028
-68,517
232
1,656
2,561
-53
-8,738
-20
17'.
65
51.1
-350
1,021*
-5,05"
-38
7"2
1,095
110
10
88
1,190
3,903
3,810
25,5116
U82
'.,081
1,05"
Panama, Republic of.
Peru
El Sajvador
Urug uBy
Venezuela
Other Latin America.
3,016
Sou
-157
198
669
-1,789
670
-57
52lt
-1,589
38
-1,3''6
257
-999
-«0
-36"
-72
5
'',185
-1
187
-3
3,72''
1,''83
7,lti.5
-26lt
125
917
-957
-359
1,959
1,035
559
-931
-161
-109
-2"1
289
3,769
-726
-879
-181
-2,533
-1,210
Total Latin America,
76,166
33,859
8,117
•h6,CfKl
-'.,"21
7,256
-5,967
2,778
153
2
185
-20
-30
-319
7
1
12
12li
-739
1"
292
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Hilllpplnea
Taiwan
Thailand
Other Asia
Total Asia.
688'
5,52''
219
-2,335
U9
-''53
-lU
-6"
-37
-197
5,300
789
15,1'tO
-l'',777
85
8
20
U7
<jk
-6
15
32
-785
1,751
8
706
1,096
15
-181
-1,6911
-303
32
186
I""
15^.
207
-756
-1,662
27
-U38
-I193
"7
67
7
9U5
66
-3
-236
15'*
5'i5
"•,857
6,0U8
9,577
29,121
-1,11.6
li,6lO
3U9
191
2
-213
-17li
287
liUl
81
19
"1
"8
10
-3,535
3
12
2,071
-123
1,107
2,70"
-3,795
2, 081
-1,"8"
656
150
126
-36
-68
13
2
-15
16
-11
5
26
89
-3
1
15
-60
12
-26
-8
6,076
li.lllt
Total other countries.
6,56U
'•,381
Bltematlonal
-20,561
8l,7''5
-157, ''20
283, '•53
Grand total.
685,232
156,351
1111,776
-5,057
60
77
27
-7
-6
Other countrlea:
Australia
Belgian Congo
Ssypt 1/
Iblon of South Africa.
All other
32
128
-21
12
-2
2
25't
-ait7
-I18
3,1''9
105
129
-786
-2li2
I""
3,553
-U50
-157
193
-50
87,751
6,091
6,261
-70,169
20,33"
-22,15"
-10
October
November p
December p
.
.
Treasury Bulletin
7"^
.CAPITAL MovBoaers.
Section II - Sumary by Countries
Table 4.- Net Transactions In Uong-Tern Foreign Securities by Foreigners
(In thouaanda of doUara; nggatlTe figures Indlcatg net aaleB by forglgnerB or a net outflow of capital frqa the qnltwi stataa)
Calendar year
1958
Country
1956
1955
1958 p
July
August
Sspteater
October HoTeaber p
1957
Europe:
Austria
Belglm
CzechosloTakla.
DennarlE
yinland
France
GerDBoy, Federal Swpubllc of.
Greece
Italy
Nether landa
Norway
Poland
Porti^al
Runanla
Spain
aueden
Switzerland....
Turkey
U.S S.R
mited Kingdom.
Yugoslavia
Other Europe
.
.
Total Europe.
Canada
-587
-6,985
-581.
2,1.02
5,955
602
-3
-13
15,356
179
2,202
3, '•16
-18,018
21,299
-37
-2,03U
2,139
12
-332
183
57
-lU
3
-6
12
3
53
17
-359
2,311
-791
1,153
-3
3,387
288
17,602
203,837
885
5,'tOl
i.,662
16,725
19,000
60
1,783
-2U,275
2,1.58
1,065
-992
585
-8,61.1
-20,090
-1,631
9,065
I..
3,256
5,102
-176
1,128
1,209
731
-1
1,153
1,010
-l.,088
-1,81.0
2,771.
75,326
-10
2,178
7,31.5
611.
2I1O
-313
-1.08
i,uoe
2,529
12
-231., 089
-J., 809
-11,1.61
-11,786
2,079
-17,228
59
71.8
18,912
99,062
-912
1
1.
1,011
-1,000
713
-907
3
-u
-16,012
-7
-10,627
-2311
281*
Wt7
358
3,513
i.oeo
31.
25
36
-38
117
1,607
6
-3,201.
-9
-7
-285
390
66
-57
52
200
91.
-1,332
1.95
519
391.
-63
-862
19,59''
27,901.
691
92,200
5,789
11,062
2,271.
-376
8,1U0
17
-16
3,909
-27,798
-5
-85
1
-12
-1,872
-5,880
-3,613
1,982
15,1.10
-U3,o8i.
-3,911.
-1
-U8
81,955
-25,921
-11,081.
11,597
-31,81.8
-W.,013r
-55,1.59
-30,01.8
-10,017
-9,605
-81.
169
-3
-3
-35,235
-59,218
-5
-250
35
21.
1,6U2
-61.8
-35,71.5
-26,268
-^5,523
8,1.11.
231,066
-71,759
7^,15''
-Uli7,l62
-552,227
-531,61.0
-IW
-370
292
8,697
-5
-6
3
-1*
-5
3
".,979
1.81
527
178
913
3,339
812
2,U21
-350
66U
668
kO
-151.
-191.
13
37
lUl
2,072
369
806
-350
-8lU
-138
261
2U6
77
12
-6
-lU
-1
-129
2U
1.95
27
-US
728
202
Latin Anerica;
Argentina.
BollTla...
Braiil
Chile
Colombia.
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and
Surlnan
-1,558
118
5,763
3,621
1,058
6,U69
21
6,262
-62
1,961
-1.1.2
69
228
-68
-Ik
-152
-80
-60
9,07U
8,067
13,1.88
17,060
55
7
70
2,U.9
U8
11.2
571
61
-UU3
-703
131
-51
-375
3
1
523
2,868
1.2
-3
J.
237
3,356
176
-1,186
2,875
106
-39U
-971.
-2,310
U87
1,798
-1,871
9
-72
580
-2,055
-1,61.2
-5,551.
-8,OU5
95
3,532
253
-9,290
578
337
-861
553
659
23,506
17,181.
15,109
5,831.
1,735
56
5,125
U36
70
3,205
-331
-103
,U90
8
28,318
-50
ISU
11.3
129
Israel
Japan
Korea, Republic of.
Phillpplnea
Taiwan
Thailand
Other Asia
Panama, Bepubllc of.
Peru
£1 Salvador
Uruguay
Tenezuela
Other Latin America.
Total Latin America.
-11.,
-6
173
-1.33
-51.
-13
-1.7
-31.
-500
521.
-1.12
-209
836
-198
-238
-8,270
111.
-11.8
191
-3,276
1,152
-7,651.
1,910
-1,102
1,11.6
1,235
2,1.52
1,1.13
2,1.01
-28
-22
-3
11
-1
291.
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Other countriea
Auatralla
Belgian Congo
Kgypt 1/
tkion of South Africa.
All other
Total other countriea.
International.
Grand total.
11.
21
1.2
19
72
-5
1
6
1,015
5
1
2
-Ul,736
-53,088
-50,561.
-1.6,677
-51.
598
-1,U01
6
-1,9''9
-71
358
2U5
U50
677
10
659
-1,071
25
-11,065
601
-3
-116
-32
-657
-11,272
1,308
8,071
-J>8,725
-3,11.3
-3,882
50
1
208
-693
-52
28
2
-2
9
-9,871.
-1B5
-27,167
-1,321
-1,537
-1,91.6
-1,681
-e,o62
-39,962
-1.5,188
-w.,81.3
-3,273
-.,158
-528
-1,737
-3,030
ll*,850
-23,709
6,051
-l.li,U3U
956
130
70
33
-200
6
-19
-21,796
8
-l,08l
-2
1.69
191.
-1
-1
19
-32,111
-31.3
6,805
283
-308
5,633
1,221
-16,099
-1
8
-1,1.93
-1.8
-7,302
-16,1.28
12,880
-11.9,625
-5,006
332
-1,1.06
-33,207
-26,53it
-33,130
-383,783
-557,576
-91,027
-17,183
-15,275
3,361.
-101,237
-65,995
-28,090
-i0,k2h
-511,081.
-25
-525
-722,11.3
66,917
-22,175
-1,31.9,609
-286
-5,676
-59,629r
601.
-J.,
175
786
February 1959
75
.CAPITAL MOVBinfrS.
Section III
Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners ae of December 31, 1958
(Posltlea IB
Com^7
Total
ehort-tarm
llahllltlea
uf
4oUan)
aaart-tai» llakllltlas pajaVla in dollar*
To fcralgn teoka and official InatltutioiK
To all othar
U.S.
Dapoelts
Bqropa:
Austria
'—-*-*-
U.S.
'I^reaauz7
bllla eiA
oartlflcataa
Other
Oaposlta
i>n,2iu
115,069
1.06,675
66,313
392,379
51,663
61>2
1.18
1.17
168,792
68,797
155,l'''l
65,696
67,5^5
''7,735
532,021
''72,113
1,73'',003
115, '''.8
222,1.26
221. ,61.3
25,OI.U
1,751' ,695
126,3211
326,576
1,222,01'.
60,521.
1,121,523
338,725
1.088,368
315,060
125, 91.7
1U0,793
,620
672, U60
185, 1.13
lOU
289,91.1
157,817
16,1.70
61. ,91.8
66,980
16,92'.
SiOln
129,292
•,903
163,032
925
36,172
1,0W.
56
8,956
71
531
SwaAan
Svltiarlaad....
Turkey
U.S.S.R
Ibltfld Eli«dan.
YngoalATla
Otliar Europe*..
Sel^w
C zechaalonkla.
Fr«ao*
GamiV, FcOaral Bspikllc of,
0r6«c«
,
Italj
RetherlBDdA
Ranraj
PolaaJ
f artugal
•.•........,•.
riMiiiiii
Total Eorap*...,
1,902
5^,965
16,160
3'.
l.,l6o
l.,10l.
,280
U79
115,32'.
18.370
17,839
303,371
852,583
20,073
2,21U
87^,856
29e,U09
705,678
77,196
165.500
''21,617
123,72''
9,1.71.
121.
17,662
1,936
'.06
16,296
12,726
2,539
2,537
1.8,28U
39,592
1
221.
221.
ll.,78o
13,220
1.252
U,558
58.937
18,977
10,876
33,070
23,058
52,829
3,650
29,713
160,337
1.1.
,232
472
645
131
2,601
1,456
971
1,715
19.398
3,507
2,761
60
7,920
3,040
526
620
65
587
1.1.638
2,256
138
536
206
351
1,252
11., 71.0
10,816
24,621.
7I.3
10.6
I.U6
17,61.2
17,199
92
10,793
10,208
97,610
2,283
565
160
169
16,81.1.
29,483
2.566
108
164,21.9
42,030
27,498
20,513
953
2,372
21
827,871.
53't,910
206,1.92
86,472
34.661
308,065
227,657
52,110
28,258
12,901
170
97
259,526
16,512
676,11.7
357,068
1,605
130,968
7,710,81.1.
6,8U6,309
2,605,97''
3,327,565
91''. 770
2,005,218
1,681. ,292
1,087,859
588,001.
8.1.29
1U9,826
22,986
138,062
99,212
91,555
6,907
90,9l'7
606
6,891.
13
''2,310
38,705
38,765
101,120
3,505
150
686
58,238
16,079
95,655
60.293
7
6,040
37.997
ll'l».137
cnrreoclee
1,017
71*3
9,078
652,288
51.3
fonign
Traasui7
^llls aM
cartlficataa
2,652
38,71.1
17,139
1,929
237,357
7,U73
16U,232
513,397
^ort-taim
llahllltlea
payable In
fcml0Mra
2.283
278
333,961
127,682
3''3
3''3
23 ,838
278
53
lAtln Aaarloa:
Argentina.
BollTla...
BrszU....
Chile
Colcabla.
166,81.1
38,915
102,008
286,1.82
ll'l.,105
39,672
1.18,201.
17,529
23,653
276,381
79,386
l.l.,766
Pancoa, KepnbUc of
Para
£1 SalTadcr ,
Uruguay
11.6,281.
29,065
31,789
10,809
28,598
31.735
1.3,051
''l,7'.l
VanatueXa
Other I«tln Aaarlea
'•93,916
331,736
130,978
332,-90
56,598
'.1.272
7,966
7,3''0
Total Latin Aaarlea
2,1.02,296
1,291,731
1.172,0U
83,739
35,961
36,001.
29,513
35,575
60,609
106,292
36,632
29,259
32,796
58,357
59,313
38,755
939,269
52,765
922,565
32,OU3
58U.676
11.5, 1.65
l''3,350
l'.l,796
180,512
159,030
Cuba
Doalnloas Bepobllc
Guatenala
Mexico
Hettaarljuide W, Indlea and Surlneoi.
1.1,551
77, ice
26,167
63,607
1,187
66,821.
173
22
367
232
3,840
436
619
11.2,377
136,957
857
'',563
100,57".
17, '•''8
39,908
3,623
81
15,673
2,500
23,800
9,200
5,1.80
22,1U3
17,898
1,516
11.1,1.78
9,171
21.0
251.065
26,395
9,3''3
5
57,701
90,628
59,682
66,183
15,81.7
22,11.2
1
3U ,620
17,720
131,723
15,098
130
e.iTu
6,362
48
1,581
13,160
227
117,219
91,6a
5I'
1.5,308
4,110
884
21,445
3,127
31
4,678
409
1,1.66
15,378
1.1,297
15,3''7
1,305
55k
''0,535
161, '.76
35,682
159,310
66,927
1,101.
,1.1.8
67,1.65
1,021.
,1.1.6
175
1,757
948
24,950
33
4
9
345
21
514
150
5,453
55,052
6.117
Aala:
China Mainland.
Hcog Kong
India
Indooeala
Iran
Iirael
Japan
Korea, Republic of,
Phlllpplnee
Taiwan
Thailand
Other Aala
Total Aala.
62,763
77,261
108,1.16
1.2,679
55,81.6
25'*
6.1191
6,1.91
2,777
27,167
2,1.58
15,9U
27,001
15,911
1,379
77
2,12^
2,121.
3,8'.7
3,61.7
1
16,1.88
214
15
1,000
55U
136,787
91,903
U,757
10,1.86
185
350
99
313
2,115
21,153
6,128
45
30
2,970
16,709
2,115
21,363
6,U78
2,969
302,1.27
11,616
35,262
70,200
1.6,108
7,797
22,036
U,023
33,177
32,635
1.5,600
8,906
21
541
157
lU
98,721.
92,21.6
133,970
129,9''7
,652
300,973
51,950
232,829
133
409
502
2.215.581
2,071,897
1,1.90,666
1.86,028
95.203
l''2,395
11.0,885
632
678
1,289
32,713
12,938
15,223
23,232
37,600
10,070
2,727
6,132
66
101
3,557
3,1*79
75
3
2,274
613
586
809
27
859
l,58t
50
7
1,583
1
tl.T3''
28,81.7
26.752
276
1.61?
678
1.494
20.762
35
'60
33.209
351
1.900
''.''53
1,961,107
284,755
172,360
59.421
33''
l',023
Other coutttrlea:
Australia
Belgian Congo..
Sgypti/.
lAlon of South Africa.
All other
78.871
29,753
16,157
29,595
73,01.0
29,11.0
m.,869
9l>.526
82,591.
000
200
Total other countries.
279.21.5
239.332
166.700
^1.870
1,5^3,976
1,5''3,956
2U3,91''
1,300,01.2
16,157,160
13,679,517
6,767,121.
5,837,21.8
Intamatiaoal.
Srand total.
1/
15,291
27,333
Part of Uilted Arab Republic (Igjrpt and E^la) since February 1958.
Date on llabllltlee to Syria are reported annually and appear in
I.,
20
1,075, lltS
2,1.18,222
Section IV. Table 5. In the April lasue of the Bulletin.
.
. .
.
Treasury Bulletin
76
.CAPITAL MOVOffiBTS.
Section III
Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of December 31, 1958
-
(Fosltlao la thonaand* of iollan)
Short-tarm olauas pa7at>l« Is
Collootlons
outatandlng
for own
acooont and
loa»etlc
CttBtf ara
Total
CouBtl7
Austxla
Bliort-t«i«
Torol^
clala*
>*«fftrt and
official
laatitutiooa
7,073
BelfiliB
C techoalorakla
693
II* ,290
5,938
D«Daark
Flnlairi
TrttQca
Oarmaxxj, radaral Bapublle of.
Graaoe
Italy
Hatharlands
102,067
76,507
7,l8ii
35,665
55,559
7,063
63,936
689
11*, 131*
5,932
98,791*
67,089
7,175
35,373
5i*,U76
lorway
Polai^
Portugal
Bimanla
Spain
22,238
3,528
2,056
Svadan
Svitzarland,.
Turkay
O.S.SJ)
(Ailtad Elosda
21,951
1*2,386
72,'»72
3"*,
58
123,865
Tugoalnrla. .
Othor Suropa.
889
5,162
,687
Total luropa.
693,832
568,811.
2lt2,3U6
180,1*77
39,763
3,073
29,697
2,169
51,730
689
652
119
Short-tais clalaa p«f«U* In foralen
ourronolea
loUon
2
253
Othw
3,635
5,702
2,502
10,930
1,081*
'•,702
86,081
35,375
2,337
7,81*2
1,1*87
2,030
65
3,579
32,307
19,761*
l»,876
201*
10,522
13,102
11,068
5,263
12,602
222
21,989
3,528
2,020
921
23
5,773
58I*
2,693
2,699
107
195
1,3'*'*
371*
28,990
17,868
1,612
763
8,71*7
16,51'*
2,0U9
15,072
68,609
1,666
5,033
7,766
565
72,198
11,92'*
'',565
3,001*
7
3,582
28,773
10,595
2,1*61'
13,707
889
13
883
2,1*96
876
1,129
179
200,531*
66,8U8
103,591
197, ai*!
12,989
136,711*
6,U01
39,586
3,073
lU7,20e
52,060
50,606
22,31*6
11,071*
l*,806
5,837
1,360
233
17,701
9,102
8,630
2,178
26,121
10,101
20,773
17
67,086
6,533
15,366
165, 8U2
106, U86
23, '•63
11*,
19,136
5,000
U,78l
312
135
3,198
7,297
290,871*
111*, 677
21,758
2,983
3,000
92,065
5,895
3,537
7,955
1,172
59,396
869
I.
1,987
21*,
373
Latla Aaerioa:
Argantlna.
BollTla.
Brazil
Cblle
Coloabla.
.
llt7,513
52,062
50,618
Cuba
Dcttlnlcon Bepubllc
Ouataaala
Maxloo
Batharlanda Waat Indlaa
FanoB
Bepubllo of.
ti
Surlaaa.
166,109
19,138
11,788
293,023
5,896
61*5
36,300
26,321*
2'*,
536
1,1*85
I.
3,595
15,85U
3,185
21,81*9
30,61*3
10
1,633
El SalTador
Tlmguay
7«oo£uala
Other Latin Aaarloa.
21,857
30,656
9,8Ul
51,886
1U1,692
52,901
9,839
51,885
137,358
52,816
2,621
15,713
16,768
3,653
875
3,117
36,517
'*,199
16,1*60
25,295
1,550
9,303
3,158
30,281
38,120
6,862
Total Latin Aaarloa.
1,097,816
1,090,1*51
362,608
207,397
217, 55U
302,892
2,516
5,517
2,516
2, ''75
2
5,1*72
2,738
71*1*
l.,106
59U
5
39
1,969
2,610
761*
22l>
3,973
223
27,27'»
27,225
53"*
23,289
178,587
23,289
5,61''
177,1*59
62,817
Paru.
Asia:
China Mainland.
Bon^ Kong
India
Indonesia
Iran
I8ra«l
Japan
Korea, Republic of.
Pblllpplnee
Taiwan
16,69'*
2,77i»
''5,953
21
223
1,121
3,922
26,629
61
1,668
11*, 886
21,6'*'*
89,076
15,830
599
1,722
1,33''
1,33"*
172
66,788
6,12U
66,771*
1*9,1'*'*
127
6,12U
5,1*61
1
1,162
1,673
63
12,808
Thailand
Other Aela
12,808
106,317
8,U17
95,799
27
2,61*2
106, 5U
725
9,203
590
Total Asia
U35.080
''33.511*
2 3 3 .76?
6.675
69.525
123. 5^9
12,81iO
U,985
1,11*9
5,23'*
5,59''
3,668
3,659
2,370
1,583
Other coun tries:
Australia
Belgian Congo
Kgyptl/
Ublon of Sout^ Africa.
All other
Total other countries.
288
562
3,337
3't
21*3
1,280
7,177
23,233
23,071*
13,1*08
2,253
26,91*14
26,322
12,665
'*,667
199
7,170
7,710
69,231
67,U10
29,093
7,'*90
23,650
2,538,305
2,31*0,666
838,989
1*25,121*
t20,721
2,51'6
XntcoiiatloiULl
Orand total.
>MinVn »nA
doaaatlc
oustoaara vltb
fGr«l4snara
1,257
6,251
2,53''
10,1*63
10,201*
3, SOU
Dapoalta of
ra parting
26
February 1959
77
.CAPITAL MO\rEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during December 1958^/
(In tboueands of dollars)
Purchaaee by forolgnerB
Dcaeetlc securltlee
Total
U. S. OOTpurchaees enunent
bc3nd8 and
notes
Country
Europe:
Auatrla
5,880
8,619
10
DeanBrlE
k9l«
100
rinland
3,902
BelgluD
Czechoalovakla
Trance
Germany, Federal Republic of
Greece
Italy
Netherlands
17,92'*
1,371
19,5^9
1,396
3,681
10,367
15
NCTTay
Poland
Portugal
Rumania
Spain
6,l»5lt
Sveden
Switzerland
Turkey
U.S.S.R
mited Kingdom
l,li72
Corporate and
other
1
68
105
2,71.0
189
2,117
58
1,21.7
693
133
lOli
36
1,133
3,863
'•,112
196
833
211
1,1.38
86
3U3
90,792
20
10,361.
282
883
2,993
215
173
5, 1.00
67,197
20
1,259
21., 371.
l'l,651
".,''76
Yugoslavia
Other Europe
1,89.
3
56
1,1.95
Total Europe
21l»,639
11,896
113, 91.8
73,535
12,593
25,688
30
1,363
5
19
971
Canada
Latin America:
Argentina
Bolivia
1,728
lltO
Braz 11
Chile
Colombia
1,389
1,273
18
199
SOU
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies and Surinaai
U8
91.7
378
610
5,179
198
185
18,07U
6,600
578
U70
5,992
109
35
10
50
9U
502
176
1,'.26
3,816
150
185
3,359
3,303
Panama Republic of
Peru
Kl Salvador
Uruguay
Vene^ uela
Other Latin America
6,051
It, 808
1,601
20
239
92'.
Total lAtln America
5't,U9
1,886
3,11.6
28,935
,
279
118
33
'.,623
266
17
5,015
3,500
Asia:
Ch Ina Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
,
,
,
,
,
,
Talvan
Thailand
Other Aela
Total Asia
,
29
9,595
31
22
1,030
29
5,123
21
17
27
766
1.56
99
35
108
99
21i
19
10
13
858
5
81.0
12,575
17
6,676
Other coimtrlee:
AuBtaralla
258
Belgian Congo
Kgypt 2/
Itolon of South Africa
All other
3,107
1,171
Total other countries
i»,593
International
Gz«nd total
90
13
9
kk
kk
1.2
858
52
US, 605
38,896
756
U05,066
57,690
28,1.60
)
.
Treasury Bulletin
78
.CAPITAL MOVEMENTS.
Table 3A
-
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners during November 1958
(
In thouaaodB of dollars
Purc ha ses by forsl^asrs
Forei^i aecurltlee
Donsstlc seouritlee
Coisiia7
U.S.
Total
purchsass GoTsmsnt
bonds and
notes
Corporate and
other
Europa:
Austria
102
31
Belglu
8,223
3,1.28
CzschoelOTSkla.
Denasrk
FlulsM
2
l>,68l
223
309
3
France
Germany^ Fsderal Republic of...
Greece
Italy
Netberlands
Borva;
Poland
Portugal
Btvanla
Spain
11,869
1,799
UOI
1,235
9,665
550
8i»0
2
8
5
73
20
978
2,130
2U
526
3,772
15,369
69
58,185
9,607
1,306
23,350
172
588
133
Yueoslarla
Other Europe
2,879
Total Europe
176,056
l'',033
61,670
686
lAtln Aaerloa:
Argentina.
BollTla. ..
Brazil
Chile
Coloabla
.
Ikoainlcan Bepubllc
91
89
3,985
8,909
Guatenala
Mexico
NotherlaiideW.Indlea and Surlnan
Panaaa, Fepublio of
Peru
£1 S&lrador
Uruguay
VsDSEuela
Othar Latin Anerlca
Total Latin Aasrlca
5,778
329
326
12,262
6,206
l,9l'5
726
29,1.93
9,510
20,020
8,123
28
61iU
292
9
2
895
318
220
1,U69
2,810
135
60
136
990
1,170
U22
l.,6U6
558
19,393 lOk ,680
1,005
186
Cuba
183
2,01.0
56
57
iiU,380
625
2Ul
261
93 ,''35
1,01.0
621
159
122
Sweden
Svltaerlaod
Turkey
U.S.S.F
Ublted Klnedca
8,878
907
399
920
5,139
163
137
U9
5
86
221
955
80
2,715
7,259
593
26U
36
l',386
369
5
263
5
^3
12
U,6U1.
611
33
5,61.11
77
61
U.lll
1,697
113
2,79e
1,007
1,061.
170
39,085
52 14
2,956
28,985
3,839
l.,529
2,625
28
29
30
20
IU9
Aals:
China Mainland.
Bcog Kong
India
Indonesia
Iran
20
,359
28
50
30
100
155
89
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
228
20U
59
IS
58
18
Thailand
Other Asia
Ul
9U5
81»7
18
8,982
5,832
2,753
2,658
103
2,529
5U
U9
Total Asia.
36
1
38
Other countriee:
Australia
Belgian Congo
Bgyptl/
union of South Africa.
All other
1,990
28
1,956
873
773
76
Total other countriee.
5,575
953
International.
Grand total.
1/
610
8,206
301,578
15,250
136
32,553 160,606
Part of mited Arab Bepubllc {Egypt and Syria) alnce February 1958.
Data on purchaaea and aalea by ^rla are not available separately,
but are included In "Other Aala."
February 1959
79
.CUMULATIVE TABLE OF CONTEHTS.
March 1958 through February 1959
laeue and page number
1958
Mar.
Apr.
May
June
July
1959
Ai^.
Sept
Oct. Not.
Dec.
Peportlng baees
Artlclea:
Treasury financing operations
Sumnary of Federal fiscal operations
,
Budget receipts and expenditures:
Becelpts by principal sources
Expenditures by agencies
Sumnflry of appropriations and authorizations, expenditures,
snd balances, by agencies
Expenditures and balances by functions
,
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net Investment by Government agencies In public debt securities...
Net redemption or ssle of obllgstions of Government ageoclea In
the marlce t
8
9
10
,
,
Federal Old-Age and Survivors Insurance Trust Fund
UIlemploiTnent Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts In public debt securities,
by Issues (latest date December 31, 1958)
8
9
10
9
10
9
11
11
10
11
12
12
12
12
13
lU
lU
13
lU
lU
15
15
9
10
Cash income and outgo
Sianmary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's sccount
Intrsgovemmental traneactlcns
Accrued Interest and other noncash expenditures
Derlvstlon of Federsl net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account
11
11
11
11
15
15
11
11
12
12
16
17
17
13
13
18
11.
18
19
19
11.
lU
11.
lU
15
15
15
15
15
15
15
15
16
16
16
13
13
13
13
13
13
11.
16
17
17
12
13
13
13
13
13
lU
18
lU
15
16
17
16
17
20
21
16
17
17
18
22
23
18
19
18
19
18
19
18
19
18
19
16
18
19
18
22
23
22
18
19
18
19
21.
20
25
20
20
2U
20
21
20
20
21
19
20
21
20
20
21
19
19
20
20
21
25
26
21
20
23
2U
21
20
22
22
25
26
21
22
23
21
22
23
23
23
27
25
27
29
12
,
13
13
11.
lU
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the mited States
Analysis of changes In tax and loan account balances
Debt outstanding:
Summary of Federal securities
Computed Interest charge end rate cal Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special Issues to U. S. Government investment accounts
Treasury holdings of securities Issued by Government agencies
25
Statutory debt limitation
Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U. S. Government
Offerings of Treasury bills
Summary of new money financing through Treasury bills
Offerings of marketable Issues of Treasury bonds, notes, and
certificates of Indebtedness
Allotments by investor classes co subscriptions for marketable
issues of Treasury bonds, notes, and certificates of Indebtedness
Disposition of matured marketable Issues of Treasury bonds, notes,
and certificates of indebtedness
States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods. Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations. Series E and B combined...
Sales by States, Series E and H combined
19
22
2U
25
23
28
21.
21.
28
25
26
30
31
26
26
25
26
28
29
27
27
30
31
25
27
26
26
30
26
27
32
28
28
32
29
31
29
33
29
30
35
31
31
35
32
31.
31
31
35
31
32
37
33
33
37
31.
36
31'
3it
35
35
36
38
1.0
3li
38
38
39
3l»
3i»
36
36
37
39
36
36
37
39
37
37
38
1.0
1.0
U2
28
2U
25
22
26
29
Ifalted
35
37
35
37
itl
3't
35
37
It2
1.0
Ul
1.3
Uli
1.5
(Continued on following page)
39
39
Treasury Bulleiin
go
.CUMULATIVE TABLE OF CONTEHTS.
March 1958 through February 1959 - (Continued)
Xasue and page nuatwr
1959
1958
Apr.
Ma;
July
Aug.
39
U6
Sept.
Ovneratalp of Federal aecurltlea:
^8
38
Dlstxlbutlon by claeaee of InTeetora and types of iseuea
Net market purchasea or ealee for Inveatanent acco\mta handled by
38
the Treaeiiry
Eatlmfited ownerah Ip
38
39
38
39
'•3
UO
UO
1.5
Treaaury eurrey of ownerahlp of Federal eecurltlee:
Ownerahlp hy banka. Insurance companlea, and others
Ownership by conoKrclal banks claaalfled by memberahlp in Federal
Reserve System (latest date June 30, 1958)
1.1.
38
39
39
UO
U6
U7
UO
Ul
Ul
U8
U2
UO
U5
Ul
U3
U9
UO
Ul
•5
U6
Ul
U9
U2
U3
UU
U7
U3
U5
51
U7
U9
U9
51
55
57
50
51
52
53
58
59
52
5U
53
55
60
61
50
U6
Market quotatlone:
Bld-of-month cloalng quotations co Treasury securities by Issues...,
Chart - Yields of Treasury securities
1.9
1.4
50
1.6
51
k6
51
UT
U8
52
1.7
53
1.8
53
5^
55
U9
50
5lt
57
58
58
59
60
51
52
52
53
5U
U5
U7
52
5^
50
U6
U8
51
52
US
U9
55
56
53
1.9
5k
50
55
50
51
57
58
55
51
56
57
52
56
57
59
59
60
60
61
60
60
61
53
5^
5^
55
56
53
Average ylelda of long-term bonda:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonda
52
iDtexnAl revenue collections:
Summary by principal aources
Chart - Internal revenue collections by principal soxircea
Detail of excise tax collectlcns
55
5U
Mcaetary etatletlca:
Money In circulation
Monetary stocks of gold and silver
Gold aasets end llabllltlea of the Treasury
Ccmponents of silver monetary stock
Se Ignlorage on silver
Incremnt from reduction in weight of gold dollar (latest date
Deoertwr 31, 1958)
Exchange Stabllliatlon TmA. (lateat date September 30, 1956);
Balance sheet
Inccne and eipenae
56
57
57
58
59
53
5^
5lt
55
56
62
62
62
59
60
61
'
58
59
59
60
61
56
57
57
58
59
62
63
56
57
57
58
59
63
6U
65
61
65
62
63
66
67
national bank reports:
57
Earnings, expeneea, and dlvldenda for calendar years 1953*57
Capital movements betueen the united Statea and foreign couctrlea:
Summary by periods since 1935
Summary by countries and perloda
Short-term banking llabllltlea to foreigners, lateat month
Short-term banking claims on foreigners, latest mcnth
Purchases and salea of long-term eecurltlee by foreigners,
latest month
Short-term liabilities and claims reported by nonflnanclal concerns
Long-term liabilities and claims reported by banks and bankera
Estimated gold and ahort-term dollar resources of foreign countries
and International Institutions
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
Corporatlcma and certain other bualneea-type aetlvltlea:
Statemente of financial condition (lateat date June 30, 1958).
Incona and expense (lateat date June 30, 1958)
source and application of funda (latest date June 30, 1958)..
61t
55
58
62
65
68
69
62
63
69
61.
71
61
70
70
58
61
65
66
65
68
67
7U
72
73
63
66
70
71
72
57
60
6U
65
61.
60
60
67
63
63
68
71
71
72
67
68
67
68
75
76
66
7''
69
69
70
77
67
65
71
72
'68
73
69
7U
75
75
70
66
68
71
73
91
73
72
32
GPO 871
2
37
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@FedFRASER