Full text of Treasury Bulletin : February 1962
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Lf
DEC
-?y
1
9 1963
TREASURY DEPARTMENT
LIBRARY
ROOM 5030
JUN 2 31972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25, D.C.
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SECRETRRV
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U. S. Government Printing Office, Washington
25, D. C,
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Single copy price varies
February 1962
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
9
Cash income and outgo
19
Account of the Treasurer of the United States
25
Debt outstanding
27
Statutory debt limitation
32
Public debt operations
United States savings bonds
55
Ownership of Federal securities
61
Treasury survey of ownership of Federal securities.. 63
Market quotations on Treasury securities
73
Average yields of long-term bonds
76
Internal revenue collections
78
Monetary statistics
80
Exchange Stabilization Fund
84
International financial statistics
86
Capital movements
87
Foreign currencies acquired without purchase
with dollars
97
Corporations and certain other business-type
activities - statements of financial condition
99
Cumulative table of contents
131
^
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which
Included on an accrual basis beginning with figures
appear In the "Treasury Bulletin" are based largely
for June 1955 and tne fiscal year 1955- Prior to
that, it was Included on a due and payable basis.
on two Treasury financial reports, the "Dally Statement of the United States Treasury" and the "Monthly
Statement of Receipts and Expenditures of the United
Certain monetary statistics are
States Government."
based at least In part on the "Circulation Statement
of United States Money."
Where these statements are
given as sources for Individual tables,
they are
cited by name only.
Their respective reporting
bases are described below.
For other data In the
The same 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 Government"
and for actual receipts and expenditures In the
"Budget of the United States Government."
Information on sources or reporting bases
Beginning with the final statement for the
the monthly statement reports
totals for net budget receipts and budget expend-
1b given In connection with the tables themselves.
itures after deduction of certain lnterfund transac-
Bulletin,
The monthly statement of receipts and expenditures was first published for February 195^. and re-
placed the dally statement a6 the primary source of
fiscal year i960,
tions which are Included in the detail of both budget
The transactions
deducted consist of Interest payments and minor
receipts and budget expenditures.
statement of cash deposits and withdrawals affecting
amounts of certain other payments made by Government
agencies to the Treasury. This reporting change
was made In accordance with the plan stated In the
President's Budget Message of January 18, i960.
It
Information on budget results and other receipt and
expenditure data classified by type of account.
the same time,
At
the dally statement was changed to a
Figures for
the account of the Treasurer of the United States.
does not affect the surplus or deficit.
Both publications have provided comparative figures
earlier periods shown In the Treasury Bulletin were
on their respective bases from the beginning of the
revised to the new reporting basis in the September
i960 Issue. The lnterfund transactions deducted
under this procedure do not Include payments to the
Treasury by wholly owned Government corporations
for retirement of their capital stock and for disposition of earnings. These capital transfers have
The announcement of February 17,
195^, with respect to these reporting changes may be
found In the April 1954 Issue of the Bulletin.
fiscal year 1953-
The monthly statement shows all receipts and
expenditures of the Government, Including those made
from cash accounts held outside the United States
Treasury.
The Information Is complied from reports
by the Treasurer of the United States and by all
other collecting and disbursing agencies, including
been excluded currently from budget receipts and
budget expenditures beginning July 1, 19^8, and
figures for prior flsoal years back through 19J2
were revised accordingly at that time.
those agencies which maintain checking accounts In
The dally statement on the new basis was first
These reoorts cover transactions
Issued for February 17, 1954' In tne deposits and
withdrawals as shown, no distinction Is made as to
commercial banks.
recorded In the accounts of the agencies during the
reporting period.
The net of the transactions as
the type of accounts (budget, trust, etc.
).
The de-
complied from these reports Is reconciled in the
posits are on the basis of certificates of deposit
monthly statement to changes In the balance In the
Treasurer's acoount and In cash held out6lde the
United States.
Treasurer'
8
account and changes In the public debt
cleared through the account of the Treasurer of the
Total withdrawals are on the basis
of checks paid or cash disbursements made out of the
Treasurer's account.
outstanding.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed
Receipts of taxes and customs duties are re-
reports of ohecks Issued and are adjusted by means
ported on a collections basis. Other receipts are
reported partially on a collections basis and par-
Except for relatively minor amounts, noncash lnter-
tially 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 lnterfund
of clearing accounts to the total of checks paid.
fund and other lntragovernmental transactions are
excluded. The public debt figures In the dally
statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transac-
or lntragovernmental nature are Included on the
tions reported on the basis of telegrams from Federal
same basis even though the actual lssuanoe of checks
Reserve Banks. Noncash debt transactions are included, however.
may not be Involved.
Interest on the public debt Is
February 1962
in
Reporting Baeee
The dally statement before February 17, 195
1
*,
covered not only transactions cleared through the
Treasurer's account but also certain Government
agency transactions which were handled through
commercial bank accounts, and Included noncash lnterIt
fund and other lntragovernmental transactions.
provided Information similar to that In the present
-
(Continued)
made through the facilities of the Treasury Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally
those of the Department of Defense and Its prede-
cessor organizations, were on the basis of checks
paid.
Transactions handled through commercial bank
aocounts, consisting of market transactions In public
dally statement with respect to the statue of the
debt and guaranteed securities, were as reported by
Treasurer's account, and similar to that In the
present end-of-month dally statement with respect
the agencies.
Interest on the public debt was Included on a due and payable basis beginning with
November l^S and on a checks-paid basis prior to
to debt Issuance, retirement,
and amount outstanding.
Receipts and expenditures, however, were classified
by type of account, and the budget results shown In
the dally statement were used as the basis for re-
flecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis of deposits as they
cleared the Treasurer's account.
Expenditures
cleared through the Treasurer's acoount were reported
on two successive bases.
Through l^k6 they were
on the basis of checks paid by the Treasurer of the
United States.
Note:
Beginning with 19^7,
that time.
The circulation statement reflects transactions through the Treasurer's account which affect
monetary stocks of gold and sliver and the amounts
of coin and currency In the money supply of the
country.
It Is Issued later than the dally state-
ment, however,
and the figures are based on transactions consummated during the reporting period
even through some may not have cleared the Treasurer's account during that period.
expenditures
Where calculations have been made from unrounded figures, the details may not check to the
totals shown.
February
1962
A-l
Treasury Financing Operations
Current
Offering
E-xoh.j.-re
Both new securities are dated February 15, 1962.
An optional exchange offering of one-year 3-1/2
Interest on the new certificates is payable at the
percent Treasury certificates of indebtedness and
rate of 3-1/2 percent per annum on a semiannual basis
four and one-half year k percent Treasury notes, at
on August 15, 1962, and at maturity on February 15,
par,
I562.
was announced by the Treasury on February 1,
The offering, open February
5
through
7,
was
made to holders of three issues of notes maturing
February 15, 1962, and one note issue maturing April
1,
1962,
which aggregated 511,731 million.
Cash sub-
I963.
4-
Interest on the new notes at the rate cf
percent per annum will be payable semiannual! y on
nd
August 15, 1962, and thereafter on February 1;
August 15 In each year until the principal amount
.
becomes payable a
1
,
raturity, August 15, l^GE.
scriptions were not received.
Subscriptions accepted amounted to approximately
311,312 million,
or more than 96 percent,
5^19 million to be -:aid in cash.
Preliminary results
are shown in the accompanying table.
Maturing securities
leaving
The certificates were Issued In bearer form
only with interest coupons attached.
The notes were
issued In bearer form and also registered as to
principal and interest.
Both securities were Issued
Treasury BulletL
A-2
Treasury Financing Operations
of 1990 :md 3-1/2 percent bonds of 1992 (additional
-
(Continued)
billion of the "strip" bills Issued on November 15,
The new bills consisted of four lj-week
Holders will be expected In most cases to
I96I).
make smell cash payments to supplement the outstanding bonds which they submit In exchange for the new
of 30.
bond or for additional amounts of the other bonds
carry 91-day and 182-day terms.
offered.
discount on the new bills were as follows:
Issues).
Subscription books for the offering were open
for all classes of subscribers from February 19
through February 21, 19o2,and for individuals through
February 23.
Details and results will be published In the
:.arch 1962 Issue of the Bulletin.
Weekly Bills Refunded
January Issues of regular weekly Treasury bills
totaled ;6.3 billion, refunding an equivalent amount
cf bills
maturing (Including the remaining JO. k
Issues of 31.1 billion each, and four 26-week Issues
6
billion each.
All of the new securities
Average rates cf
ibruary 1962
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
r
iscal years:
1948 5/.
1949 i/.
1950
1951
1952....
1953 ..1954
1955
1956
1957....
1958
1959
1960.
1961
Net
receipts
Expenditures
1/
1/
Surplus
or
deficit
(-)
Levels, end of period
Net of
trust
account
and other
transactions
2/
Clearing
account,
etc.
y
Net
increase
in
public
debt, or
decrease
(-)
Net
increase in
Treasurer's
account
balance, or
decrease (-)
73
6,000
6,000
295,370
294,920
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
-447
62
1.770
-1,488
603
-635
-117
179
355
622
828
83
4,208
4,679
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
252,800
257,130
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
660
-805
919
287
-501
-3,757
-722
450
-122
4,862
5,311
5,189
291,085
290,583
286,826
130
-137
577
-420
249
-416
-421
1,961
579
-3,036
1,105
1,217
494
6,294
7,511
8,005
-3,044
-349
2,188
-95
-567
-124
125
-521
607
2,008
334
-249
-1,006
-1,104
2,423
6,829
6,773
6,847
-4,006
-473
796
80
368
-221
217
-663
202
2,063
-73
-197
6,470
6,236
7,012
-1,624
301
1,512
-185
712
-629
408
-58
692
-181
5,125
6,467
10,831
6,450
7,169
7,961
-1,325
-702
2,870
24
49
-M
25
-377
-149
July.
Aug..
Sept.
2,982
6,367
8,945
6,322
7,631
6,771
-3,340
-1,265
2,174
-66
-120
44
Oct..
Nov.
3,
Ml
6,424
7,967
7,796
7,485
7,160
-4,655
-1,060
807
-154
317
5,357
7,395
-2,038
522
-523
530
-6
-145
507
-151
234
6,399
-450
-694
199
234
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
-4,100
4,331
-423
2,711
7,973
7,777
1,111
471
-379
662
-442
-968
476
4,370
8,981
6,172
6,803
6,793
Dec.
2,823
6,300
7,643
1961-Jan..
Feb..
Mar..
4,846
6,537
8,524
-294
-495
99
679
41,375
37,663
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
32,955
39,474
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
8,419
-1,811
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
82,100
93,000
89,075
92,537
-6,975
463
-248
40,800
37,464
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78.157
35,559
41,056
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
5,241
-3,592
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-229
-502
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
4,867
7,237
9,580
6,157
6,142
6,423
-1,290
1,095
3,157
5,064
6,550
10,891
6,032
6,073
6,521
July.
Aug..
Sept.
3,128
6,454
Oct..
.
1962 (Est.)..
1963 (Est. )..
Calendar years:
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
Months:
1960-Jan
Feb
Mar
Apr.
May...
June.
.
Nov.
Apr.
May..
June.
Dec.
1962- Jan..
147
435
328
231
-194
195
633
-329
-50
-602
33
-507
366
483
-214
-401
-250
-303
284
331
-956
4,159
-4,399
2,654
-1,311
27
20
29
46
52
81
44
74
107
101
111
140
240
465
649
55
30
24
42
54
76
34
53
Total
Federal
securities
Subject to
limitation
u
252,366
252,798
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276 ,444
284,817
286,471
289,211
251,542
252,028
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
295,835
295,569
295,495
295,239
252,854
257,160
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
252,057
256,413
256,026
258,794
266,821
274,671
278,256
284 398
,
286,065
288,862
281 ,348
290,373
296,499
276,276
274,564
282,607
290,513
289,971
296,061
135
138
291,215
290,719
286,965
290,804
290,309
286,556
288,787
289,367
286,331
132
133
140
288,919
289,500
286,471
288,511
289,093
286,065
6,998
5,894
8,317
288,338
288,672
288,423
134
157
161
288,472
288,829
288,584
288,068
288,425
288,181
-1,645
-841
580
6,672
5,831
6,411
290,487
290, 414
290,217
159
153
156
290,646
290,567
290,373
290,244
290,165
289,971
-3,072
-1,582
1,463
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,196
290,740
287,682
289,796
290,340
287,284
516
2,158
-1,175
-761
1,128
1,532
4,034
5,162
6,694
287,987
288,971
219
225
240
288,206
290,371
289,211
287,809
289,975
288,862
-129
-498
682
3,433
1,310
35
-101
-572
2,936
6,593
6,020
8,956
292,404
293,714
293,750
239
249
271
292 ,643
293,964
294,020
292,199
293,521
293,579
1,911
1,350
-842
-2,759
63
234
6,197
6,261
6,494
295 ,660
299
297,011
296,169
315
330
295,959
297,325
296,499
295,520
296,886
296,061
258
140
-543
10
-152
333
345
-1,513
4,981
296,513
347
296,860
296,422
508
Actual figures through the fiscal year 1952 and the calendar year
Source:
the
1953 are from the daily Treasury statement, and thereafter from
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
of
1963 Budget document, released January 18, 1962, including effects
proposed legislation. More detail for data on this page will be found
2/
Guaranteed
securities
252,292
252,770
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
1,624
-1,462
2,047
1,839
-388
-2,299
2,096
-551
1/
Public
debt
4,932
3,470
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
-5,994
478
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
.
Debt outstanding
Treasurer'
account
balance
in succeeding tables.
Fiscal year figures beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (see pages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
Excess of receipts, or expenditures (-). For detail, see pages 9-13
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
V
£/
290, 146
103
104
109
127
156
330
interest checks and coupons outstanding); also deposits in transit and
changes in cash held outside the Treasury and in certain other accounts
beginning with the fiscal year 1954. Net increase, or decrease (-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion, on June 26, 1946, $281
billion, on August 28, 1954; $278 billion, on July 1, 1956; $275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $-95
billion, on July 1, 1959; and $293 billion, on July 1, 1960. From
July 1, 1961, through June 30, 1962, the limit is $298 billion. Thereafter it will revert to $285 billion.
Transactions of the Foreign Economic Cooperation Trust Fund, estabof
lished under Section 114 (f-) of the Economic Cooperation Act
1948 (62 Stat. 150), are consolidated with budget expenditures.
Treasury Bulletb\
BUDGET RECEIPTS AND EXPENDITURES
Table !•- Receipts by Principal Sources
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Total
' :"'•-
ration
Net
Withheld
withheld
1/
V
1954,
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962
1963 (Est.).
i
1961- July.
Aug
..
21,523
18,265
21,299
21,531
20,533
18,092
22,179
21,765
10,747
10,396
11,322
12,302
11,528
11,733
13,271
13,175
21,635
21,254
22,200
27,400
1962- Jan
10,211
11,586
13,645
14,245
36,325
40,225
72,170
81,870
520
245
382
161
2,017
1,235
4,654
2,662
1,399 6/
408
377
3,322
215 6/
123
428
466
2,325 6/
73,173
69,454
78,820
83,675
83,974
83,904
96,962
99,491
597
624
2,000
5,197
7,930
291
1,736
828
14
84
1
55
1
4,767
2,935
2,021
5,268
6,685
239 6/
1,189
1,245 6/
4,036
294 6/
5,036
33,137
20
11
22
23
4
8
718
223
18
3,507
7,783
8,355
105
106
198
118
537
1,009
5,591
1,065
10/
1,
4,537
3,426
5,040 15/
3,684
6,337
3,917
6,301
6,870
4,433
7,158
4,933
5,045
9,272
5,976 16/ 10,537 16/
959
1,102
1,123
1,013
2/
141 6/
-72 12/
142
126
152
S/
73
5,959
260
242
249
FQASI
Trust
Fund
67
1962-Jan...
91
98
90
Railroad
Retirement
Account
212 6/
1,094
418
159
8
64
3,428
9,945
Federal
Disability
Insurance
Trust Fund
162
86
3,811
8,007
8,980
975
1,197
983
333
863
847
939
953 16/
15
7
5
603
599
634
616
1,873
Unemployment
Trust
Fund
11/
High-
way
Trust
Fund
22/
82,756
93,693
656
693
82,100
93,000
253
269
267
3,042
6,416
8,948
50
49
2,982
6,367
8,945
258
231
255
3, 149
9
6,425
8,153
186
48
233
5,442
50
1,766
41,575
14
1
11 hj
414
289
24
2,997
3,246
84
55
47
actions
12/
Net
budget
receipts
694
654
25
147
69
40
Inter-
trans-
467
567
473
973
76
Less:
fund
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
597
624
95
Budget
receipts
net of refunds and
ansfere
to trust
accounts
64,655
60,390
68,165
71,029
69,117
68,270
78,457
78,313
1,019
27 6/
269
7,403
607
571
575
525
562
606
.
1,479
2,116
2,171
2,642
343 16/ 2,798 16/
967
4,481
Source: Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases
see page II); estimates are from the 1963 Budget document, released
January 18, 1962, including effects of proposed legislation.
\/ The distribution of receipts between individual income taxes and oldage and disability insurance taxes is made in accordance with provisions
of Sec. 201 of the Social Security Act, as amended (42 U.S.C. 401),
for transfer to the Federal Old-Age and Survivors Insurance Trust
Fund (see footnote 8), and also for transfer to the Federal Disability
Insurance Trust Fund (see footnote 9).
2/ Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and tax on selfyed individuals under the Self -Employment Contributions Act, as
5
Transfers of tax receipts to -
Less:
266
1,589
760
Oct...
Nov...
Dec...
147
158
148
306
1,821
884
5,377
178
208
186
3
3,526
4,194
353
2
3
1,241
1,346
1
505
10,863
12,669
176
200
183
100,144
113,042
2,110
2,345
2U
6,258
6,358
3,779
8,713
10,285
12,842
13,418
13,022
15,409
1,266
26
26
1961- July..
Aug...
Sept..
3,158
4,064
4,082
476
976
1
257
257
5,973
6,073
-'
;
2,559
3,006
754
800
948
1,123
1,008
9
7
14
'8,854
11,159
12,502
1
Total
internal
revenue
705
Lt ,(
9,211
10,004
10,638 5/
10,814
10,760
11,865
12,064
1
224 16
3
y
1,171
1,378
1,411
1,353
1,626
1,916
1
5,725 16/
3
Taxes not
otherwise
classified
Excise
taxes
70,300
66,289
75,109
80,172
79,978
79,798
91,775
94,401
945
936
1,425
76
20
18
23
18
25
2
and
gift
taxes
6,220
7,296
7,581
8,644
289
Total
refunds
Estate
Total
employment
taxes
47
2/
Trust
accounts
4,413
4,907
5,024
104,911
118,582
49,534
458
Refunds of receipts
3,345
3,400
3,653
3,894
1962(Est.).
1963(Est.).
date.
11,949
13,809
575
525
Internal Revenue
applicable to
accounts
a
607
571
285
280
325
330
336
324
341
345
18,897
Total
budget
receipts
For unemployment
insurance
V
2/
26,728
27,041
29,001
31,675
32,978
Budget
.
road retirement
603
600
634
616
Less:
1954.
1955.
1956.
1957.
1958.
For rail
4,537
5,340
6,337
6,634
7,733
8,004
24,01;
j date.
Fiscal year
or month
For old-age
and
disability
insurance
1/ 2/
53,906
49,915
56,633
60,560
59,102
58,826
67,125
67,918
3,251
Oct....
Nov
Dec ....
Income
taxes
235
181
315
355
3
1
3,141
6,424
7,967
5,357
391
41,184
amended (26 U.S.C. 1401-1403). The Social Security Act Amendments of
1956, approved August 1, 1956, increased the rates of tax applicable
to wages paid and taxable years beginning after December 31, 1956,
to provide for disability insurance.
2/ Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
4/ Tax on employers of 4 or more under the Federal Unemployment Jax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was imposed on employers of 8 or more.
For further detail, see tables under "Internal Revenue Collections."
Beginning 1957, includes collections under Increased rates in the
Highway Revenue Act of 1956 (see footnote 12).
Remaining footnotes on following page.
V
February 1962
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(Id millions of dollars)
Fiscal year
or month
Dividends
and other
earnings
Realization upon
loans and
investments
Sale of
RecovGoverneries and ment
refunds
property
Sale of Seignprodiorage
ucts
Fees for
permits
and
licenses
Fees and
Fines,
other
charges
for
services
Royal- penalties
ties
and forfeitures
Other
1/
Adjustment to
monthly
statement
2/
etc.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
2,311
2,559
3,006
2,749
3,196
3,158
4,064
4,082
458
408
554
628
745
601
967
942
361
252
291
438
674
506
1,111
805
240
274
296
328
328
587
436
1,012
323
410
471
266
322
343
114
182
221
363
480
387
345
325
392
343
221
253
313
312
304
350
374
330
73
29
23
49
53
55
1962 (Est.)...
1963 (Est.)...
3,526
4,194
947
978
751
804
407
668
109
133
344
370
360
390
67
40
286
236
199
73
67
3
53
51
9
22
21
12
25
26
41
24
20
3
55
41
35
12
37
6
11
7
June ....
662
292
622
6
11
317
56
61
61
517
102
-4
9
10
49
14
27
91
23
29
16
6
15
9
8
11
11
July
Aug
Sept
260
242
249
70
10
12
20
26
19
55
4
6
51
7
63
60
63
58
33
93
5
21
3
Oct
Nov
Dec
198
118
537
7
58
37
5
23
4
77
60
-43
56
9
18
9
3
315
25
15
18
7
3
1,604
454
3a
234
60
116
37
25
1961 -Jan
Feb
Mar
Apr
May
1962 to date.
11
6
Actual figures are from reports to the Treasury Department by
disbursing officers and administrative agencies, on the monthly statement reporting basis (see page II); estimates are from the 1963
Budget document, released January 18, 1962, including effects of
proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
26
28
Source:
1/
Footnotes to Table
y
2/
10/
U/
Figures shown include (see footnote 8) increase in income tax withheld of $109 million in October, decrease of $47 million in January;
decreases in income tax not withheld of $2 million in October and
$6 million in January; decrease in transfers to Federal Old-Age and
Survivors Insurance Trust Fund of $105 million in October, increase
of $49 million in January; and decrease to Federal Disability Insurance Trust Fund of $2 million in October, increase of $3 million in
January.
Interest on refunds is included In expenditures in Table 3.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasury (42 U.S.C.
401 (a)), and are adjusted in later transfers on the basis of wage
and self-employment income records maintained in the Social Security
Administration. The amount of old-age insurance tax refunds is
reimbursed to the general fund by the trust fund.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to the
Federal Old-Age and Survivors Insurance Trust Fund. Rates of tax
were increased by the percentages appropriated to the Federa] Disability Insurance Trust Fund, the increase being applicable to wages
paid and taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently. Figures for 1954
exclude the Government's contribution for creditable military service
(45 U.S.C. 228c-l (n)).
The Employment Security Act of 1960, approved September 13, 1960 (74
Stat. 970) established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account, beginning
59
44
2/
*
54
57
81
208
225
194
160
161
133
111
100
83
212
194
28
86
93
325
94
66
69
79
90
93
96
114
13
15
66
20
23
23
16
14
62
255
104
107
227
307
120
124
13
12
45
47
49
49
53
59
5
5
5
6
5
8
12
11
13
6
9
-2
11
2
8
1
1
1
7
10
10
55
1
#
7
6
6
7
4
8
-17
9
4
11
7
9
8
9
2
5
6
6
10
39
27
10
46
1
2
4
1
2
vessels entering U. S. ports), bullion charges, and gifts and
contributions
Difference between the total shown In the monthly statement of
receipts and expenditures of the Government (based on preliminary
reports) and that from final accounts of disbursing officers.
Less than $500,000.
(Continued)
1
12/
12/
14/
15_/
16/
17/
*
with the fiscal year 1961, amounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred currently on the basis of estimates by the Secretary
of the Treasury, with later adjustments as necessary. From that
account are to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures. Refunds of
taxes are to be reimbursed from the administration account.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
120, Note) established a Highway Trust Fund from which are to be made,
as provided by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before July 1, 1972. The act appropriated
to this fund amounts equivalent to specified percentages of receipts
from certain excise taxes on motor fuels, motor vehicles, tires and
tubes, and use of certain vehicles, and provided that the amounts
appropriated should be transferred currently to the trust fund on the
basis of estimates by the Secretary of the Treasury with proper
adjustments to be made in subsequent transfers. The use tax was
imposed by the act and rates were increased for the other taxes.
Previous to the fiscal year 1957 corresponding excise tax receipts
were included in net budget receipts and Federal-aid highway expenditures were included in budget expenditures.
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are
deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of th*
exclusion of certain interfund transactions (see footnote 14).
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 8).
Beginning fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the
transfers of tax receipts shown herein, and are now included with
refunds of Internal Revenue receipts, applicable to trust accounts.
Reflects gross amounts based on reimbursements by trust accounts for
refunds of taxes which were made in previous months or fiscal years
Less than $500,000.
.
.
,
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Legislative
Branch
1954
1955
1956
1957
1958
Judiciary
28
59
65
85
99
1959
1960
1961
118
126
134
1962 (Est.)...
1963 (Est.)...
161
148
1961- July
August..
9
9
10
30
37
39
44
97
Executive
Office
of the
President
49
56
56
52
70
59
32
63
22
6
7
12
4
September
16
10
4
4
October.
November.
December.
13
14
12
5
-1
4
2
1
1962-January.
5
4,109
1,757 4/
1,808
9,315
9,013 4/
10,291
359
408
387
1,152
309
2,171
2,421
11,132
11,948
121
Health,
Education,
and
Welfare
Department
1954
1955
1956
1957
1958
1,981
1,993
2,071
2,295
2,645
1959
1960
1961
3,092
3,403
3,685
1962 (Est.)
1963 (Est.)....
1961-July
August
September,
October...
November.
December.
199
562
645
y
Civil
functions
40,336
35,532
35,791
38,439
39,062
639
733
605
548
573
41,233
42,824
44,677
902
971
501
578
940
1,383
7,177
6,709
650
815
48,250
49,700
1,015
1,071
836
1,105
863
24
40
43
107
64
14
520
763
482
66
43
43
3,205
3,808
3,647
64
98
92
963
946
893
36
32
128
118
989
539
61
47
-1
605
46
43
3,837
4,035
4,072
99
93
78
51
447
45
4,044
481
4,345
346
26,647
6,597
273
382
539
807
Treasury Department
Interior
Department
535
515
512
572
Justice
Department
183
182
216
214
229
Labor
Department
Post
Office
Department 5/
State
Department
of
On
public
debt £/
On
refunds
of taxes
206
6,382
6,370
6,787
7,244
7,607
83
62
54
57
74
7,593
9,180
8,957
69
76
83
412
418
567
463
518
674
690
801
250
258
284
1,016
549
774
525
831 11/
914
272
247
258
4,469
5,183
873
1,031
298
304
563
386
853
261
453
342
8,900
9,300
325
418
66
106
92
23
25
2^
50
78
53
7
93
87
80
25
313
20
361
339
320
88
22
22
25
74
125
103
29
46
68
39
18
20
63
24
99
558
169
583
666
751
74
32
156
136
142
179
Columbia
2,178 10/
13
22
22
26
25
31
875
28
987
50
Iff/
985
1,043
90
765
74
20
730
727
91
77
9
713
740
781
225
123
2
4
75
2
85
3
803
324
234
Source:
Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the 1963 Budget document, released January
18, 1962, including effects of proposed legislation.
Note:
Figures in this table are for agencies as constituted at the time
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 6. Agency shifts are
reflected in this table as follows: Beginning 1955, Federal Home
Loan Bank Board from "Housing and Home Finance Agency" to "Independent
offices," and Reconstruction Finance Corporation as indicated in
footnote 1; beginning 1957, Alaska Road Construction from "Interior
Department" to "Commerce Department," and Federal intermediate credit
banks and production credit corporations as indicated in footnote 2;
beginning 1958, Federal Facilities Corporation (remaining functions)
from "Treasury Department" to "General Services Administration," and
Informational Media Guaranty Fund from "Funds appropriated to the
5,259
46
Total by
agencies
2/
873
368 1/
879
748
765
767
52
Interfund
transactions
Total
budget
expenditures
2/
2/
Less:
District
Interest
312
356
2,497
1,000
1,077
1,293
Military
498
355
394
.
2,915
4,636
5,177
5,006
4,875
Commerce
Department
502
160
1,029
Agriculture
Department
7,091
5,419
5,929
114
161
32
Fiscal year
or month
1962 to date.
-615
129
39
-23
.,
1962 to date.
1962-January.
806
973
523
570
425
153
157
3
Defense Department
Housing
and Home
Finance
Agency
6,473 1/
6,791
6,982
7,707 2/
8,305
5,282
11
General
Services
Administration
Independent
offices
4,381
4,473
4,115
4,081
10
47
Funds
appropriated
to the
President
67,772
64,570
66,540
69,433 2/ 2/
71,936
235
181
315
467
567
67,537
64,389
66,224
68,966
71,369
80,697
77,233
82,169
355
694
654
80,342
76,539
81,515
89,732 12/
93,230 12/
656
693
89,075 12/
92,537 12/
6,381
7,681
6,774
59
49
3
6,322
7,631
6,771
7,805
7,485
7,346
186
7,796
7,485
7,160
7,480
84
7,395
50,952
391
50,561
9
1
President" to "Independent offices"! beginning 1959, Federal Civil
Defense Administration from "Independent offices" to "Executive Office
of the President," and the former Civil Aeronautics Administration
and the Civil Aeronautio6 Board from "Commerce Department" to
"Independent offices"; beginning 1960, military assistance from "Funds
appropriated to the President" to "Defense Department, military,"
pursuant to budgeting instruction in the Mutual Security Act of 1959,
approved July 24, 1959 (22 U.S.C. 1813).
Reconstruction 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 Small Business Administration. The corporation was abolished at the close of
June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remaining
functions were transferred to the Housing and Home Finance Administrator, Administrator of General Services, Administrator of Small Business
Administration, and Secretary of the Treasury.
February 1962
.butcet receipts and expenditures.
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury 1/
Fiscal
year or
month
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
Panama
Canal
Company
TennesSmall
see
Business Valley
Admin.
Authority
Veterans 1
Administration
y
2/
1954
1955
1956
1957
1958
235
181
315
467
567
228
173
297
456
557
91
60
175
340
421
28
26
25
24
1959
1960
1961
355
342
694
654
682
640
181
465
410
41
46
43
1962 (Est.)...
1963 (Est.)...
656
693
642
347
350
52
53
1961-July
August .
September
59
59
49
49
3
3
.
October.
November
December.
1962-January.
1962 to date....,
9
678
31
51
48
47
45
7
11
17
1
6
1
11
3
20
9
7
7
15
19
23
42
12
11
13
22
29
45
9
10
56
14
56
35
6
Inter-
mediate
credit
banks'
franchise
tax 8/
Charges
for
audits
of
various
agencies
17
10
iO
32
Federal
6
7
24
90
118
172
8
15
u
10
14
39
U9
4
6
8
Reimbursement by
Other Panama
Canal
Company
13
M
H
5
1
1
186
186
152
84
391
82
Under
Defense
Production
Act 5/
56
385
154
26
127
Source:
See Table 2.
1/ By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans through 1955, and public
facility loans beginning 1957; Federal National Mortgage Association;
Public Housing Administration; and Federal Housing Administration
in 1954.
4/ Direct loan program.
By various agencies for programs under the Defense Production Act.
40
14
2/
2/
Consists of payments by: Reconstruction Finance Corporation through
1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands
Corporation; Bureau of Federal Credit Unions beginning 1954; Civil
Defense Program Fund beginning 1954; Farmers' Home Administration:
Agricultural Credit Insurance Fund (formerly the Farm Tenant Mortgage
Insurance Fund) beginning 1956, and the direct loan account, both
established pursuant to Title III of the Agricultural Act of 1961,
approved August 8, 1961; Informational Media Guaranty Fund beginning
1959; Federal Ship Mortgage Insurance Fund beginning 1960; and St.
Lawrence Seaway Development Corporation beginning 1960.
For net cost of Canal Zone Government, less tolls on Government vessels,
and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Footnotes to Table 3.- (Continued)
V
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.C. 1027), 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 expenditures.
2/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table l).
Adjusted for reclassification by which the President's special international program in the amount of $7 million was shifted from "Funds
appropriated to the President" to "Independent Offices."
5/ From 1955 through 1959, consists of net expenditures of the Postal Fund,
reflecting the change in classification of Post Office transactions to
a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
i/ Consists of Federal payment and loans and advances.
For content, see Table 4. These transactions are included in the detail
of both budget receipts and budget expenditures, but are deducted from
the totals (see Reporting Bases, p. II).
2/ Figures in this column differ from those published under the same caption
prior to the September I960 Treasury Bulletin because of the exclusion
of certain interfund transactions (see footnote 8).
U
Includes payments of United States subscriptions to three international
financial organizations.
In June 1959, pursuant to an act approved
June 17, 1959 (22 U.S.C. 286e), an additional $1,375 million was paid
to the International Monetary Fund consisting of $344 million in gold
(see "Monetary Statistics," Table 3) and $1,031 million in special notes.
To the Inter- American Development Bank, as authorized by an act
approved August 7, 1959 (22 U.S.C. 283e), there were paid in
September 1959, $0.5 million, in June I960, $79,5 million, and in
October 1961, $110 million which included $25 million of special notes.
In November I960, as authorized by an act approved June 30, 1960 (22
U.S.C. 284e), there was paid to the International Development Association $74 million, of which $58 million was in special notes. The
special notes of the United States issued to these organizations are
nonnegotiable and noninterest-bearing and are payable on demand. See
also "Debt Outstanding," Table 1, and "Cash Income and Outgo,"
Table 6.
11/ Beginning with the fiscal year 1961, administrative expenses of the
employment security program are handled as trust account expenditures
instead of budget expenditures, pursuant to the Employment Security
Act of 1960, approved September 13, I960 (74 Stat. 970); see Table 1,
footnote 11.
12/ Totals include allowances for contingencies of $75 million in 1962,
and $350 million in 1963.
*
Less than $500,000.
10/
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of December 31, 1961
(In millions of dollars; negative figures are deductions in the columns In which they appear)
Agency
Unexpended
balances
brought forward
July 1, 1961
2/
V
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department,
State Department
Treasury Department
District of Columbia - Federal contribution and loans
28,584
2,598
Total
113
4
44
3,746
14,295
389
12,846
5,184
971
Additions, fiscal year 1962 to date
Increase
Appropriations
Authorizations to
expend from debt
receipts 4/
129
137
58
58
37
2,373
11,023
589
556
4,767
793
37
2,373
11,460
589
709
5,506
810
375
47,705
1,600
1,010
1,479
440
4,036
880
38
231
333
131
6,309
111
295
632
875
282
10,154
62
78,220
87,862
Expenditures
Legislative Branch
<
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Off ice Department
State Department
Trea sury Department
District of Columbia - Federal contribution and loans
Adjustment to monthly statement of receipts and
expenditures of the Government
Total
Deduct interest and other payments by Government agencies to
Treasury included above which are also included in budget
receipts
Total budget expenditures
77
26
18
866
5,606
222
430
3,898
301
-63
390
734
-237
5
47,705
1,600
1,010
-1
29
-2
4,035
889
295
632
-1
875
282
10,154
62
-286
1,633
89,210
Unexpended balances December 31, 1961
Rescissions,
cancellations,
and other
adjustments J/
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
136
Unfunded
contract
authorizations
Investments
held
33
5
68
6
13
4,924
9,802
751
728
2,540
927
54,110
3,801
837
26
3,438
741
188
379
9L4
211
5,335
124
41
24 2/
27
163
35
33
329
9,727
8,114
4,196
300
55
533
3,356
858
51
240
85
89,957
5,252
20,116
751
13,057
6,786
1,467
54,110
3,801
847
26
3,438
836
188
379
9"14
211
11,300
5,965
124
-24
>,?.,"..
Total. 2/
2/
35
33
22,208
397
525
-26
2,076
495
146
484
294
203
5,161
-24
28,650
3,813
123,811
307
43,165
Source:
Bureau of Accounts. Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
Includes same categories as shown at end of current period.
Although not expended, a substantial portion of these amounts is
^J
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations.
Consists of authorizations by law for Government-owned enterprises
to borrow (1) from the 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
lirent or prior contract authorizations.
Consists of transfers between appropriations; net borrowings from
V
500
17
Deductions, fiscal
year 1962 to date
Agency
Transfers,
borrowings,
Investments
67
Other
authorizations %/
2/
8/
9/
*
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 Government enterprises.
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 adjustments.
Public debt securities and certain guaranteed securities issued
by Government enterprises.
This adjustment represents the difference between this report
based on accounts submitted by certain disbursing officers and
corresponding preliminary data used in the Monthly Treasury
Statement.
Less than $500,000.
February 1962
-BUDGET RECEIPTS AND EXPENDITURES,
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1962 through December 15/
Function
code
number
1961
1957
Expenditures
Unexpended
balances end
of period
V
Major national se:irity
Military defense (military functions)
Military assistance
Development and control of atomic energy
Stockpiling and defense production expansion
:
061
062
066
067
Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance
Foreign information and exchange activities
151
152
153
Total international affairs and finance
38,439
2,352
1,990
490
39,062
2,187
2,268
625
41,233
2,340
2,541
312
41,215
1,609
2,623
180
43,228
1,449
2,713
23
22,182
397
1,329
22
54,136
3,801
2,681
184
43,270
44, 142
46,426
45,627
47,413
23,929
60, sa
157
1,683
133
173
1,910
149
237
3,403
139
219
1,477
137
217
2,126
158
182
1,367
L4.939
85
223
1,973
2,231
3,780
1,833
2,501
1,634
15,262
774
126
2,870
574
383
136
406
68
75
1,849
42
29
16
1,866
113
801
175
699
168
3,104
43
856
156
4,793
100
Veterans' services and benefits:
101
102
103
104
105
106
Veterans 1 education and training 2/
Other veterans' readjustment benefits J/
Veterans' compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
Total veterans* services and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education 4/
Promotion of science, research, libraries, and museums
Correctional and penal institutions
Other welfare services and administration 6/
3/
211
212
213
21*
215
216
217
development of land and water resources.
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration
Tota 1 genera 1 government
Footnotes at end of table.
961
179
3,622
25
1,030
179
87
118
5,026
5,174
5,060
5,262
2,657
2,924
400
1,558
469
292
458
1,797
546
319
844
,969
704
671
2,170
939
428
1,237
71
32
72
34
201
221
279
302
559
243
49
319
320
1,014
1,733
649
509
39
411
2,061
818
569
211
46
3,022
3,447
4,421
4,419
3,430
227 9/
267
3,151
239
297
5,126
250
448
255
468
119
535
546
275
118
27
2,766
4,419
3,472
349
301
2,561
315
3,278
246
330
157
4,077
977
1,166
547
291
692
293
727
322
635
164
241
291
4,389
6,529
4,838
5,172
J, 566
6,751
925
163
62
51
59
38
1,138
174
59
60
69
43
1,183
201
1,235
1,396
220
65
68
86
60
68
331
61
73
838
176
71
74
51
91
1,951
167
44
105
150
55
34
41
56
33
1,297
1,544
1,669
1,713
2,007
1,178
,452
510
365
436
30
494
566
40 10/
219
76
518
49
60
-60
59
45
65
21
392
31
315
89
508
511
512
513
514
515
516
38
36
716
744
9L4
164
150
307
152
67
315
24
391
1,085
139
58
46
568
401
525
130
134
279
95
58
46
58
7
913
95
1,065
1,781
914
5,613
1,620
8,547
3,892
46
296
351
352
353
354
355
374
227
4,525 9/
401
402
403
404
405
409
517
518
519
520
521
Total commerce, housing, and space technology
General government:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management and employment costs 14/.
Civilian weather services
Protective services and alien control
Territories and possessions, and the District of Columbia
Other genera 1 government
,368
33
4,950
Total natural resources
Commerce, housing, and space technology:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Postal service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other a ids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/
35
921
193
47
47
147
Total agriculture and agricultural resources
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
*
135
Total labor and welfare
Agriculture and agricultural resources:
Stabilization of farm prices and farm income 7/
Financing farm ownership and operation 8/
Financing rural electrification and rural telephones
Conservation and development of agricultural land and
wa ter resources 6/
Research, and other agricultural services 6/
177
3,275
51
228
115
49
66
21
145
774
108
97
8
-1
2,109
3,421
2,782
3,883
88
44
10
502
102
47
12
566
109
49
118
187
239
140
39
199
77
51
20
291
205
46
216
89
30
1,790
1,359
1,455 10/
601
602
603
604
605
606
607
608
609
610
674
78
90
40
9
476
194
627
38
75
,601
(Continued on following page)
50
482
294
100
79
288
130
51
15
6
67
26
7
316
210
136
38
10
404
706
125
177
99
52
13
558
367
211
611
370
311
54
56
31
217
240
123
36
122
89
4Q
1,931
1,04-'
1,695
34
24,817
12
91
28
35
144
187
15
S
February 1962
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars J
Trust and deposit fund accounts
Net receipts, or
expenditures (-),
from trust account
and other transactions
Fiscal year
or month
2,386
991
2,250
1,409
262
-1,511
-359
328
231
-194
195
633
1954
1955
1956
1957
1958
1959
Excess of
receipts, or
expenditures (-)
a
Net
Net
receipts
expenditures
1/
1/
9,137
9,521
11,673
16,319
16,950
20,534
23,583
6,751
8,530
9,423
12,950
16,057
18,461
20,893
23,018
14,359
1960
1961
-329
-50
-602
1962 (Est.)...
1963 (Est.)...
-248
857
24,288
27,249
September
-66
-120
44
-871
1,244
-726
October.
November.
December.
-154
317
258
-1,015
1962- January..
-152
1961- July
August .
.
2/
-4
-2,054
-1,362
-2,617
-2,300
-197
2/
Net sale, or redemption
(~), of securities of
Government agencies in
the market
i/
y
602
173
1,085
567
71
-714
-435
1,023
-733
25,317
26,393
-169
-1,813
1,231
709
1,002
3,292
1,478
1,872
2,048
2,203
-1,397
662
108
979
2,438
1,484
1,994
479
-450
1,934
828
-191
540
33
28
168
-1,455
866
2,322
1,137
165
- 1
.
029
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 196J Budget document, released
January 18, 1962, including effects of proposed legislation.
Certain intertrust fund transactions are excluded from both receipts
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6.
Effective July 1, 1955, security transactions of Government- sponsored
enterprises are included in deposit fund account expenditures (net)
x
780
:. 158
Source:
\f
,
1,112
565
33
Net sale , or investment
by Government
(- )
agencies in public debt
securities
2
v
2/
24
32
and excluded from net Investment by Government agencies in public debt
securities (see Table 4) and from net redemption or sale of obligation
of Government agencies in the market (see Table 5).
Figures for 1955
have been revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table 4).
Adjusted for reclassification of certain repayments of advances from
the general fund.
Beginning fiscal 1961, refunds of taxes (principal only) are deducted
from receipts; before that they were included under expenditures.
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
F0ASI
Trust
Fund
Fiscal year
or month
1954
1955
1956
1957
1958
1959
1960
1961
,
5,080
5,586
7,003
7,159
7,900
8,182
10,439
11,824 27
67
63
61
58
1,106
1,165
1,110
1,188
3,581
4,151
692
695
48
14
86
70
207
682
41
3
184
501
339
943
938
,071
,083 5/
287
25
165
73
236
1,278
625
28
110
148
Government
Life
Insurance Fund
619
590
649
608
640
634
643
668
1,819
777
.,
I
1,492
1,425
1,728
1,912
1,855
1,997
2,703
3,803 5/ 6/
1961- July
August
September.
1962- January.
ma
737
700
739
723
695
758
1,403
1,051
Ins.
Trust
Fund
12,143
14,120
October. .
November.
December.
t
Unemployment
Trust
Fund
ability
1962 (Est.)...,
1963 (Est.)....
,
Nat
Railroad
Retirement
Account
74
80
48
13
78
210
Service
Life Insurance
Fund
78
Federa
employees
retirement
funds
Highway
Trust
Fund
Other
trust
accounts
Total
trust
accounts
2/
Less:
Intertrust
fund
transactions 2/
18
16
12
10
11
135
Net
trust
account
receipts
1/
9,137
691
70S
1,025
1,397
1,458
1,741
1,766
2,033
1,482
2,134
2,185
2,644 4/
2,800 2/
2,063
2,128
3,001
3,250
1,013
1,002
24,761
27,748
473
498
123
197
103
253
269
268
60
1,013
3,312
1,493
12
41
37
15
1,478
41
39
33
144
133
164
259
231
256
102
81
998
2,455
1,487
19
18
2,438
48
146
233
Source:
See Table 1.
1/ Includes principally District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; Funds appropriated to the
President - mutual security trust funds; Indian tribal funds; increment resulting from reduction in the weight of the gold dollar; and
the Railroad Unemployment Insurance Administration Fund for the period
1954 through November 1958; for treatment after November 1958, see Table
10, published quarterly.
For
content see Table 6. These transactions are included in the detail
2/
of both trust receipts and trust expenditures, but are deducted from
the totals.
78
73
69
53
2/
5/
6/
457
449
467
681
638
585
711
779
51
86
71
9,155
9,536
11,685
14,369
16,329
17,084
21,442 47
24,098 2/
875
908
515
.
11,673
14,359
16,319
16,950
20,534
23,583 2/
y
1,002
20
1,484
866
Excludes certain intertrust fund transections consisting mainly of
financial interchanges between trust funds resulting in receipts and
expenditures (see footnote 2).
Revised, see Table 1, footnote 4.
See Table 1, footnote 5.
Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax
Act are transferred currently to an administration account in the
Unemployment Trust Fund pursuant to the Employment Security Act of
1960, approved September lp, I960 (74 Stat. 970); see "Budget Receipts and Expenditures," Table 1, footnote 11.
.
,
;
Treasury Bulletin
10
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, etc.
Federal Old-Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
Federal
Disability
Insuran -
Trust Fund
Railroad
Retirement
Account
502
585
3,405
4,487
5,551
6,723
8,116
9,454
11,152
1955
1956
1957
1959
1960
1961
1962 (Est.)....
1963 (Est.)
181
371
571
746 2/
13,219
14,171
1,066
1,150
September,
995
1,030
1,051
77
78
79
October. .
November.
December.,
1,046
1,065
1,009
142
1,086
84
1961- July
Aug-.
1962-January.
.
1,144
year
or month
.
Total
trust
accounts,
etc.
etc.
V
Augu
.
.
.
102
86
58
Investment in
public debt
securities
Redemption of
agency
obligations
in the market
8/
-269
-872
-86
167
-1,222
-723
-195
170
548
-41
-106
117
-305
67
See
Includes
39
460
-70
239
434
-437
99
-437
334
39
-620
1,277
479
-224
10
-77
205
-320
2,292
400
-98
58
-76
274
J/
).
8/
5.
District of Columbia operating expenditures; Funds
- mutual securit;
nds; Indian
tribe
stnent
.
inds
(net).
on gol
10/
I
The Railroad Unemployment Insurance
1454 through November
quarterly), the Employees' Life Insurance
ind the Employees'
tied
11/
.
e 6.
he
Total trust
and deposit
fund account
expenditures
-16
15
-558
56 2/
238
216
-91
_9
-102
84
6,769
8,545
9,435
12,959
16,068
18,595
21,801 2/
23,533
-
31
97
-9
-45
25
89
-20
-30
-133
-136
48
38
-12
18
16
12
Net tru
posit
fund
account
expenditures 7/
6,751
8,530
9,423
10
11
135
908
1,884
-
-4
fund
transactions 6/
473
498
n/
-46
Less:
Intertrust
y
191
.
18,461
20,893
23,018
y
26,393
1,872
2,068
2,218
20
2,048
2,203
2,013
1,976
19
18
1,994
1,958
1,934
3
2,322
the totals.
Excludes certain intertrust fund transactions consisting principally
of financial interchanges between trust funds resulting in rece:
end expenditures (see footnote 6).
Excluded from deposit fund account expenditures and included with
similar security transactions of other agencies (see Tables 4 and
Includes security transactions of Government-sponsored enterprises
beginning 1955 (see Table 1, footnote 2).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from Januar;.
mtil
January 1959, when these banks were classified as Government-op
enterprises.
The combined estimates for "Government-sponsored enterprises, other
expenditures" and "Other deposit fund ac
1962 and &,U million for
0,000.
.
''
58
65
.
i
i
3
76
91
84
of both trust receipts and trust expenditures, but are deducted from
Housing Act of 1954,
Funds provided by the
wn in a separate
in budget expenditure..
...
Admi:
7
41
30
290
227
Total
deposit
fund
accounts
56
229
224
-98
6
-97
176
-8
7
126
170
180
10
-141
42
-121
•2/
W
•he President
1958 (see Table
Fund
tures
-70
2,043
2,010
2,074
Other
deposit
fund
accounts
expendi-
2/
.
856
470
222
Other
1.
footnote
footnote
102
176
946
-73
Deposit fund accounts (net)
the Treasu',
2/
4/
2/
422
-83
.,
1,
319
Government-sponsored enterprises
Secondary market operations, as
approved /
1954 (12 U.S.C. 1719).
Table
-70
-83
1,928
2,043
2,129
101
•
303
34
October...
November.
December.
Sei
91
89
86
-361
-500
67
Le
1/
-18
-20
191
92
1962-January.
232
298
284
36
32
32
9
206
3
85
86
85
ions
929
-42
42
-16
5
267
272
t
-93
-94
41
4
-153
.
83
966
1,602
2,709
3,049 2/
2,620 2/
141
39
34
315
332
25,813
26,786
umber.
:
94
591
699
792
896
955
249
867
859
ily
430
507
87
86
120
80
3,026
3,252
698
10/
icy
84
.
Financing by
Trea sury
1,063
1,172
12,743
16,159
18,605
21,903 2/
23,342 It
915
672
711
411
Federal National
Mortgage Aso
1,
100
69
85
7,327
8,489
483
425
147
Highway
Trust
Fund
649
605
10.3
Other
trust
accounts,
4
Federal
employees'
retirement
funds
3,841
3,894
94
103
Trust account,
etc. - (Cont.)
538
512
515
544
562
582
707
2,736
4,734-
Government
Life
Insurance
Fund
National
Service Life
Insurance
Fund
1,745
1,965
1,393
1,644
3,148
3,054
611
682
730
778
1,136
1,124
1
Unemployment
Trust
Fund
Lnclu led in the de
*
.'
«
...
.
February 1962
11
.TRUST ACCOUNT AND OTHHl TRANSACTIONS.
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total
trust
accounts
1954
1955
1956
1957
1958
1959
1960
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1961
2,054
1,362 3/
2,617 5/
2,300
197
1,112
714
435
1,688 2/
1,236
2,516
2,263
106
1,214
548
286
1962 (Est.)...
1963 (Est.)...
169
1,813
-120
1,470
-895
1961 -July
August .
September
-780
1,397
-662
October.
November
December.
1962 -January..
.
Federal
Disability
Insurance
Trust Fund
1,522
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
1955
-65
-1
552
494
285
-21
-35
671
958
871
1,063
n8
39
38
-22
19
-250
251
53
91
-46
-20
998
951
-827
1,377
-635
-536
774
-353
-22
72
-11
-86
-19
-23
-128
439
-208
-94
2
-30
51
-7
-3
-3
114
15
-65
25
-3
12
-828
191
-540
-847
210
-539
-667
-31
5
-3
-3
50
-22
-67
20
-14
-369
-78
-110
220
-106
so
8
-90
-21
-47
6
32
-2
-4
69
1
-3
-1,137
-1,141
-828
-69
-267
325
729
-16
-16
-56
-17
3
Total
public
enterprise
funds
Federal
Housing
Administration
Federal
intermediate
credit
banks 1/
Production
credit
corporations 1/
Federal
National
Mortgage
Association 6/
126
101
36
78
95 2/
69
10
-60
1
314
548
803
14
81/
404
418
-393
-428
233
28
36
45
72
-10
13
74
a
-2
1
Government-sponsored enterprises
Federal
Savings and
Loan Insurance Corp
Tennessee
Total
Governmentsponsored
enterprises
Valley
Author,
ity
coopera-
Federal
Deposit
Insurance
tives
Corp.
Banks
for
Federal
Federal
home
land
loan
banks
banks
Federal
intermediate
credit
banks i/
443 2/
1
-2
-40
252
65
10
25
6
14
15
13
15
18
19
17
18
34
239
271
7
9
14 2/
51
-12
14
18
18
22
170
548
39
460
-70
239
434
64
-28
-31
12
-153
191
147
141
1
-83
-106
117
10
-77
205
-320
17
5
-82
184
-321
400
39
359
91
51
102
166
149
53
62
97
1962 (Est.).
1963 (Est.).
289
343
12
79
1961-July. .
August.
September
47
20
-27
9
-32
1
5
1
6
-7
1
19
-19
1
10
5
-6
-9
-7
2
-28
-1
18
-1
-5
8
5
10
2
35
1962-January.
-25
Source: See Table 1.
1/ See Table 3, footnote 10.
2/ For explanation of difference from Budget figures, see "Cash Income
and Outgo," Table 7, footnote 1.
i/ Excludes net investment by Government-sponsored enterprises beginning
with the fiscal year 1955 (see Table 1, footnote 2).
Includes net sale of $300 million for adjustment of excess transfers
of tax receipts in 1952 and 1953 (see "Budget Receipts and Expenditures," Table 1, footnote 15).
5/
U
Other
trust
accounts
23
73
135
89
95
76
62
-44
.
1,463
220
-499
-1,290
-726
-225
1958
1959
1960
1961
October.
November
December
Federal
intermediate credit
banks 1/
-248
-545
258
274
-1,255
-1,011
-41
-952
1,2a
-3
1956
1957
funds
Highway
Trust
Fund
202
141
121
36
-33
-35
264
-78
V
Public enterprise funds
Fiscal year
or month
retirement
6/
2/
»
2
2
-1
98
104
104
115
124
134
148
-2
5
82
425
-67
346
-299
102
287
19
1
1
105
1
2
-5
1
-300
50
-80
-115
118
Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting
to $45,800 (par value).
Management and liquidating functions as provided by the Housing Act
of 1954, approved August 2, 1954 (12 U.S.C. 1721).
Investment
includes guaranteed securities
Beginning with this period, figures include net transactions in
guaranteed securities. See also footnote 6.
Less than $500,000.
Treasury Bulletin
12
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
\
February 1962
13
TRUST ACCOUNT AND 0TH5R TRANSACTIONS.
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
5
. ....
Treasury Bulletin
1*
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 7.- Federal Old-Age and Survivors Insurance Trust Fundi/
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Appropriations
Total 2/
Deposits by
States 4/
Net earnings
on investments
1937-52
1953
1954
1955
1956
24,000.1
4,516.3
5,080.3
5,585.8
7,003.4
21,819.9
4,086.3
4,537.3
5,039.6
6,336.8
26.6
43.3
92.4
98.6
171.6
2,138.2
386.6
438.9
438.0
1957
1958
1959
1960
1961
7,158.8
7,899.9
8,182.3
10,439.4
11,823.9 2/
6,301.2
6,870.4
7,157.7
9,271.9
10,537.2 2/
296.8
472.1
481.1
650.3
755.*
555.3
555.4
543.0
516.4
53C.2
1962 (Est.)
1963 (Est.)
12,143.1
14,120.1 8/
10,863.0
12,669.0
757.0
837.0
289.7
1,402.3
1,189.8
282.0
1,241.4
1,173.0
June
684.5
1,971.5
1,273.5
July
August
September.
October.
November.
December.
1,278.3
625.0
1961-January.
February.
.
March
April
May
11.6
9.6
7.4
487..5
Benefit
payments
7,400.1
2,750.0
3,404.8
4,487.5
5,551.3
6,514.6
7,874.9
9,049.1
10,269.7
11,184.5
520.8
533.7
13,218.9
14,170.5
12,625.0
13,538.0
5.4
144.6
2.5
2.4
16.4
14.2
947.2
963.1
987.0
920.7
940.9
961.4
657.6
1,784.3
1,025.2
6.8
176.7
42.6
20.0
205.7
1,000.3
994.3
1,343.5
977.7
971.4
985.8
286.5
1,819.3
776.7
266.0
1,589.3
760.0
17.7
216.1
-3.3
13.9
20.0
995.0
1,030.3
1,051.0
974.0
1,001.3
1,024.4
236.0
211.9
1,093.9
418.4
4.0
170.7
-1.8
20.0
13.7
206.2
1,046.5
1,065.3
1,008.8
1,019.9
1,041.3
1,042.7
3,492.4
6,866.2
76,987.5
73,449.4
86,297.6'
96,712.8
5.2
1.6
10.5
2.8
35.4
Administrative expenses
Payments
to Railroad
Retirement
Account 5^/
1937-52.
1953
1954
1955
1956
331.7
1.6
11.6
12.5
1.8
30.9
34.5
39.0
39.4
43.8
119.0
138.9
173.2
179.3
223.6
340.0
375.0
4.1
1.9
46.1
47.2
264.0
269.7
.1
.1
.1
3.5
3.5
3.5
.1
.1
.3
3.4
3.8
3.4
.3
124.4
600.4
1961-January.
February.
March
April.
May...
June..
331.7
July
August ....
September.
6.3
3.6
3.6
.
.
1937 to date 9/.
1,056.6
29.6
y
2/
477.3
(-
Net increase,
or decrease
Investments
(-), in
assets
Unexpended
balance
16,600.0
18,366.4
20,042.6 9/
21,141.0
22,593.1
16,273.1
17,817.6
19,339.9
20,580.5
22,043.0
327.1
548.8
702.8
560.5
550.1
-28.8
-33.2
435.8
-216.7
-1,271.2
-712.7
71.6
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
765.6
1,048.4
1,067.0
1,079.9
1,376.8
-60.3
-61.3
-1,075.8
-50.4
19,824.5
19,774.1
18,628.3
18,696.5
1,196.2
1,077.6
22.9
18.6
22.0
-657.
439.2
202.8
19,667.0
20,106.2
20,309.0
18,688.6
18,585.0
19,242.9
978.4
1,521.2
1,066.1
19.1.
19.0
22.2
-315.9
977.3
-70.0
19,993.1
20,970.4
20,900.3
18,919.8
19,757.4
19,523.5
1,073.3
1,213.0
1,376.8
17.5
-708.5
789.0
-274.3
20,191.9r
20,980.8
20,706.5
18,987.2
19,761.4
19,408.1
1,204.7
1,219.5
1,298.4
-810.
-9.1
19.8
20.2
22.4
610.8
Source:
See Table 1.
1/ Includes transactions under the predecessor Old-Age Reserve Account.
Total
includes:
$15.4 million transferred from general fund for
2/
administrative and other costs of benefits payable to survivors Ql
certain World War II veterans (60 Stat. 979 and 64 Stat. 512);
beginning November 1951, small amounts in the nature of recoveries
from expenditures incidental to the operations; and beginning 1958,
Interest payments from Fedetal Disability Insurance Trust Fund, and
sale of waste paper.
i/ For basis, see "Budget Receipts and Expenditures," Table 1, footnote 8.
To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
i/ See Table 9.
6/ Reimbursement to the general fund pursuant to the Social Security Act
Amendments of 1950 and 1956 (42 U.S.C. 401 (g) (2)).
1/ Beginning fiscal 1961, refunds of taxes are reported as deductions
from receipts.
58.2
75.5
73.7
79.4
16,600.0
1,766.3
1,675.5
1,098.4
1,452.1
25.2
22.8
.3
.3
.
Reimbursement
from Fed. Dis.
Insurance
Trust Fund 12/
Bureau of
0ASI ]£/
252.9
65.1
62.7
76.0
93.7
.1
1962 (Est.)...
1963 (Est.)...
Reimbursement
to general
fund il/
291.1
24.4
26.0
27.1
30.7
.1
1957
1958
1959....
1960
1961
October.
November
December
Construction 10/
33.0
40.5
51.0
66.0
Assets, end of period
Expenditures, etc. - (Continued)
Fiscal year
or month
Refunds of
taxes 6/
6,856.0
2,627.5
3,275.6
4,333.1
5,360.8
6,723.0
8,116.2
9,453.5
11,152.1
11,752.3 7/
.
1937 to date 9/
Payments from
Railroad Retirement Account 2/
2/
10/
il/
-60.3
213.0
-383.7
19,896.0
20,109.0
19,725.3
18,741.5
18,773.5
18,404.3
1,154.5
1,335.6
1,321.0
-148.9
19,725.3
19,725.3
18,404.3
1,321.0
Includes reimbursement of $78.0 million from the general fund, noncontributory military service credits.
Includes adjustments to monthly statement basis.
Construction and equipment of office buildings for the Bureau (Public
Law 170, approved July 31, 1953 - 67 Stat. 254).
Under the Social Security Act, as amended (42 U.S.C. 401 (g) (l)),
for administration of Titles II and VIII of that act and related
parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432).
See also footnote 12.
Salaries and expenses of the Bureau of Old-Age and SurviTora Insurance are paid directly from the trust fund beginning 1947, tader
provisions of annual appropriation acta until passage of the Social
Security Act Amendments of 1956 (42 U.S.C. 401 (g) (1)); previously
these expenses were included in reimburseaenta to the general fund.
See Table 8. This reimbursement is treated as a reduction in
administrative expenses paid from the Federal Old-Age and Survivors
Insurance Trust Fund. Figures exclude interest (see Footnote 2).
Less than $50,000.
r
Revised.
1
12/
iy
February 1962
15
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 8.- Federal Disability Insurance Trust Fund
(In millions of dollars)
Expenditures other than investments
Receipts
DeposAp
its by
f°T
prlations
states
Fiscal
year or
month
2/
338.6
942.5
938.5
1,071.3
1957.
1958.
1959.
I960..
1961..
1962 (Est.)
1963 (Est
3.9
63.5
58.1
58.1
68.7
16.1
33.7
47.6
61.5
1,106.0
967.0
1,164.62/1,019.0
21.9
21.6
125.1
110.6
112.8
112.2
69.0
70.0
70.0
75.0
March
1.4
.2
.1
13.3
1.2
.4
.2
Refunds
Benefit
payments
investments
333.3
862.9
846.7
938.7
1,083.5^/ 953.3 8/
I
;
1961-Januaiv
February
Payments
from
Railroad
Ret irement
Account 2/
of
to
R.-J
taxes
i
Lroad
Retirement
Account 2/
u
1.3
180.8
168.4
370.8
339.2
570.7
528.3
746.3 2/704.0
Payments
Administrative:
Reimbursement to-
FOASI
Trust
Fund
9.8
9.8
2/
10.0
10.0
1,065.9
990.0
1,150.3 1,073.0
bl.6
61.4
62.9
62.6
68.4
68.2
V
General
fund
6/
11.9
44.5
59.7
66.4
118.8
62.5
3-4
63.6
3.6
40.1
14.3
-39.7
62.3
44.4
2,544.5
2,558.8
2,249.1
2,311.4
2,355.7
2,424.4
2,452.7
2,164.1
2,178.7
2,269.9
120.1
106.0
85.0
132.7
85.8
-7.9
100.0
56.6
2,347.8 2,264.6
2,447.8 2,337.4
2,504.4 2,385.6
83.2
110.4
118.8
-52.1
86.3
-5.6
2,452.3 2,363.9
2,538.5 2,436.2
2,532.9 2,425.0
88.4
102.4
107.9
70.9
73.3
79.1
70.6
73.0
73.7
.3
29.3
July.
24.8
164.6
73.4
24.6
147.0
68.5
.2
.76.9
16.5
4.2
1.1
.7
78.4
79.0
76.6
78.1
78.8
.3
August
September
October.
November
December
28.0
109.8
73.7
27.1
95.4
39.6
w
.8
13.0
2.6
1.4
31.6
83.8
82.3
141.6
1957 to date.
4,848.6
4,337.0
288.7
196.0
.3
.3
.3
.3
2/
y
4/
5/
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
See Table 9.
Reimbursement to general fund (42 U.S.C. 401 (g) (2)).
For appropriate share of administrative expenses paid from the
trust fund during the preceding fiscal year, as determined by the
Table 9
62.5
.3
.3
-55.8
27.5
-67.9
2,477.1 2,394.0
2,504.6 2,402.0
2,436.6 2,324.0
83.1
102.6
112.6
153.4
16.3
2,436.6
2,436.6 2,324.0
112.6
83.5
.3
2,412.0 2,217.7
19.5
6/
2/
8/
2/
*
5.1
;•
325.4
1,054.5
1,606.9
2,100.9
2,385.6
16.0
4.6
26.8
expended
balance
337.3
1,099.0
1,666.6
2,167.2
2,504.4
62.3
156.4
101.8
See Table 1.
Source:
\J For basis, see "Budget Receipts and Expenditures," Table 1, footnote 9
ments
337.3
761.7
567.6
500.6
337.2
.3
.3
.3
82.0
78.8
UnInvest-
1.3
3.0
3.9
3.1
3.1
62.9
173.3
135.7
.5
.8
Assets, end of period
9.4
18.0
29.5
34.1
April.
May...
June.
.2
Net
increase,
or
decrease
(-), in
assets
Secretary of Health, Education, and Welfare (42 U.S.C. 401 (g) (1)).
Payments include interest.
For amounts paid from the general fund (42 U.S.C. 401 (g) (1)).
Includes unappropriated receipts.
See Table 7, footnote 7.
Includes $.6 million for reimbursement from general fund, noncontributory
military service credits.
Less than $50,000.
Railroad Retirement Account
(In millions of dollars)
Receipts
Fiscal year
or month
Appropriations
1/
722.6
695.2
758.3
1,403.4
1,050.7 9/
615.9
574.9
525.2
606.9
570.7 9/
106.7
120.3
108.6
110.0
110.9
124.4
600.4
336.9
86.1
32.2
1,109.5
1,188.512/
14.6
80.8
49.9
597.0
624.0
120.0
120.0
350.0
385.0
42.5
43.5
12.8
77.1
48.0
1.7
3.6
2.0
17.3
82.1
479.5
14.2
77.3
44.5
3.1
4.9
85.3
14.5
86.3
69.9
14.3
84.2
55.3
.2
3.2
1.3
75.9
1957
1958
1959
1960
|
1961-January.
February.
.
March
April
May
June
July
August
September.
October
November.
December
46.7
1936 to date 6/.. 13,550.9
11,008.0
1,348.8
.
2,794.3
465.1
502.0
585.1
610.6
1,125.7
13.9
1,061.8
132.3
2,778.8
458.9
484.6
569.3
596.4
682.0
729.7
777.6
1,136.0
1,124.1 2/
336.9
.7
80.1
48.4
.
Benefit
payments
2.1
1.9
4.3
1.7
.
Dis. Ins.
Tr.Fds. 2/
From
Unempl.
Trust
Fund 2/
387.6
89.3
98.7
101.0
105.0
5,717.2
742.3
717.9
699.9
739.3
1962 (Est. )
1963 (Est.)
investments
Expenditures other than investments
From F0ASI
and Fed.
5,329.6
653.0
619.2 2/
598.9
634.3
1936-52
1953
1954
1955
1956 8/
1961
Interest
9,978.9
669.7
719.5
768.2
916.4
981.8
Adminis-
Net
increase,
or de-
trative
crease
Dis.
expense;
Tr.Fds. 2/ Fund j/
assets
To F0ASI ITo
and Fed. Unempl.
Ins 'Trust
11.6
9.6
7.4
5.2
1.6
26.8
u
(-),
in
Assets, end of period
Un-
Investm«nts
expended
balance
2/
Treasury Bulletin
16
TRUST ACCOUNT AND OTHH? TRANSACTIONS.
Table 10.- Unemployment Trust Fund
February 1962
17
,
TRUST ACCOUNT AND OTHER TRANSACTIONS
,
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than investments
Receipts
Fiscal year
or month
Premiums and
other receipts
Transfers from
general fund
Interest on
investments
Benefits
Special
and refunds dividends
11,229.0
636.6
619.3
590.5
649.3
5,511.1
397.7
390.8
405.5
410.2
4,406.9
84.0
72.1
27.8
78.4
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622.6
537.8
512.0
607.5
424.8
459.1
453.4
459.9
483.8
19.3
14.4
12.2
10.3
8.4
163.4
166.2
168.8
172.4
175.4
515.0
543.6
562.1
581.6
707.5
691.5
695.0
47.5
42.0
46.8
503.3
505.0
8.2
180.0
182.0
648.9
604.7
49.9
83.2
149.1
38.5
41.8
215.2
37.7
41.0
42.2
July
August
September
41.5
41.2
36.7
40.7
40.4
36.0
October.
November
December
41.0
39.5
37.9
40.5
38.9
37.2
.6
.7
17,154.3
9,629.9
4,737.8
19*1-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
639.8
634.3
642.6
667.6
1962 (Est.)...
1963 (Est. )...
1961- January.
February.
March.
.
.
April
May
June
.
1941 to date
.
.
8.0
47.0
.4
.1
39.2
.8
.8
2.0
45.2
.7
.1
.1
1.0
172.1
.5
2,786.5
Assets, end of period
(-), in
assets
Investments
Unexpended
balance
5,255.6
5,304.3
5,301.0
5,353.7
5,491.0
5,190.6
5,249.5
5,272.5
5,345.6
5,481.1
65.0
512.0
5,255.6
48.7
-3.3
52.6
137.3
515.0
543.6
562.1
581.6
707.5
92.5
96.2
72.3
61.0
-39.8
5,583.5
5,679.7
5,751.9
5,813.0
5,773.1
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
13.2
14.4
10.4
648.9
604.7
49.9
42.6
90.2
-2.4
-41.2
-102.3
5,815.7
5,906.0
5,768.7
5,727.5
5,625.2
5,812.0
5,903.0
5,754.1
5,650.1
5,618.6
3.7
3.0
14.6
77.4
6.6
-1.2
145.3
5,624.0
5,627.9
5,773-1
5,619.6
5,621.6
5,759.4
4.5
6.3
13.8
38.8
34.4
-99.7
2.4
2.3
5,673.4r 5,665.4
5,675.8r 5,667.4
5,678.1r 5,670.4
35.5
32.1
32.0
35.5
32.1
32.0
5.5
7.4
5.9
5,683.6
5,691.0
5,696.9
4,676.2
5,681.1
5,679.5
8. Or
8.4r
7.8r
7.4
10.0
17.4
11,457.4
11,457.4
5,696.9
5,696.9
5,679.5
17.4
3,396.0
153.8
177.8
154.9
2,577.3
434.2
444.7
382.9
83.2
M9.1
39.7
38.0
70.0
38.0
70.0
HI.
141.2
38.8
34.4
.7
Net increase,
or decrease
Source:
See Table 1.
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 805).
3.8
54.8
28.5
8.0
9.9
9.9
13.8
Less than $50,000.
Revised.
Footnotes to Table 10
2/
V
6/
2/
State unemployment funds; used for benefits payments mainly.
Beginning August 1961, withdrawals by States have been reduced by
reimbursements to State accounts from Federal Extended Compensation
Account
Established by the Employment Security Act of I960, approved September
13, I960 (74 Stat. 970), into which are deposited tax receipts transferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 11) and from which are paid the
administrative expenses of the employment security program and
reimbursement for tax refunds.
Previously the corresponding amounts
were included, respectively, in budget receipts and budget expenditures,
and only the excess of receipts over expenditures, if any, was transferred to the trust account by appropriation. Receipts consist of
appropriated and unappropriated transfers of tax collections. The
Federal unemployment tax allows to the taxpayer credit for contributions to State unemployment funds up to 90 percent of the tax.
Net of repayments.
Excess of collections from Federal unemployment tax over expenditures
for benefits and administrative expenses each year is deposited in this
account to maintain a reserve of $200 million available for loans to
States when needed to replenish the balances in their accounts in the
trust fund.
Beginning 1961, these transfers are from the administration
fund in the trust account; previously they were from the general fund.
Any remaining excess is credited to the State accounts (42 U.S.C. 1101 - 1103)'
Established by the act approved March 24, 1961 (42 U.S.C. 1104),
which provides for a temporary program of extended unemployment
compensation payments.
For payment of benefits and refunds (45 U.S.C. 360). Figures exclude
interim advance of $15 million from the Treasury and subsequent
repayment, both in 1940.
Contributions under the Railroad Unemployment Insurance Act of
1938, as amended (45 U.S.C. 360 (a)), in excess of the amount
specified for administrative expenses (see footnote 8).
Temporary advances are made when the balance in the Railroad Un-
9/
10/
11/
12/
13/
14/
1$/
16/
17/
lg/
19/
*
employment Insurance Account is insufficient to meet payments of
benefits and refunds due or to become due. Whenever the balance
is sufficient to pay such benefits and refunds, repayments are
made, plus interest at 3% per annum, pursuant to P. L. 86-28,
dated May 19, 1959 (73 Stat. 32).
Excess, if any, over specified balance at end of year is transferred to the account (45 U.S.C. 361 (d)).
Consists of a specified proportion of contributions deposited in
the fund to be available for administrative expenses.
The Railroad Unemployment Insurance Administration Fund was established
in the Unemployment Trust Fund pursuant to the amending act of
September 6, 1958; before that the administration fund was a
separate trust fund (45 U.S.C. 36l).
Total includes $107.2 million transferred from State accounts to
the Railroad Unemployment Insurance Account in connection with its
establishment (45 U.S.C. 363).
Beginning fiscal 1961 refunds of taxes (principal only) are reported
as deductions from receipts.
Interest paid on refunds of taxes
will continue to be included under expenditures.
Includes $2 million for repayment of general fund advances,
temporary extended Railroad unemployment insurance.
Includes $155 million proposed for separate transmittal.
Includes repayment of general fund advances of $484 million for
temporary extended unemployment compensation and $11 million for
temporary extended Railroad unemployment insurance. Also includes
$150 million proposed for separate transmittal.
An advance of $250 million was made pursuant to the act of March 3,
1961, and repaid during the month.
Includes adjustments to monthly statement basis.
Excludes adjustment pursuant to the act of September 6, 1958 (45
U.S.C. 361 (a)); see footnote 19.
Includes an adjustment of $7.2 million pursuant to the act of
September 6, 1958 (45 U.S.C. 361 (a)); see footnote 10.
Less than $50,000.
r
Revised.
Treasury bulletin
16
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues, as of December 31, 1961
(In millions of dollars)
Issue
\
February 1962
19
,
CASH INCOME AND OUTGO
The oaeh Income and outgo data appearing In the
Treasury Bulletin, beginning with the February 1956 Issue,
are on a basis coneletent with receipts from and payments
to the public as derived In the 1957 and subsequent 3udgete
of the United States (In the Budget for 1963 In Special
Reconciliation to cash deposits and withdrawals In the account of the Treasurer of the United
States Is shown on the same basis as In the Budget documents. There Is also shown the amount of net cash borrow-
Analysis B).
ing from,
the public. By
data In accordance with the Budget
or repayment of borrowing to,
these arrangements,
classifications are made available month by month.
Figures
for back years have been revised where necessary In order
to make them as nearly comparable with current Budget
,
In payments on a net basis as reflected In Treasury re-
Major lntragovemmental transactions which are reported as both expenditures and receipts are eliminated
from both. Noncash Items which represent accrued obligaports.
tions of the Government to make payments In the future are
also eliminated from expenditures but are added later when
actual payments are made. Receipts from the exercise of
monetary authority are excluded as not representing cash
reoelved from the public. Federal cash borrowing from the
public Include* net borrowing by the Treasury through
public debt transactions and also net borrowing by Govern-
ment agencies and Government-sponsored enterprises through
It excludes changes In the
sales of their own securities.
public debt which do not represent direct cash borrowing
from the public. The net effect of all these transactions
classifications as available data will permit. For this
reason certain of the figures differ somewhat from those
published In earlier Budget documents as well as In the
with the public Is reflected In changes In the balance
In the Treasurer's account and In cash held outside the
Bulletin.
Treasury.
The Budget series of cash transactions Is designed
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
are similar In general concept to those Included In the
Includes transactions not cleared through the Treasurer's
account. Receipts and payments Include transactions both
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
Cash transactions through the Treasurer's account
but are limited In coverage to transactions which affeot the balance In that account. On the
other hand, they Include receipts from the exercise of
Budget series,
monetary authority, which are excluded from receipts from
the public In the Budget serleB.
)
.
Treasury Bulletin
20
,
CASH INCOME AND OUTGO
,
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or month
Federal receipts from
the public 1/
71,626
67,836
77,087
82,105
81,892
81,660
95,078
97,242
1954
1955
1956
1957
1958
1959
1960
1961
1962 (Est.)...
1963 (Est.)...
Federal payments to the
public 1/
71,858
70,537
72,616
80,006
.
94,804
94,301
99, 528
Excess of
receipts, or
payments ( -232
-2,702
4,471
2,099
-1,520
-13,144
777
-2,286
Net cash
borrowing from
the public, or
repayment (-)
Plus:
2,512
1,809
-4, 366
-3,100
5,760
8,678
1,821
698
Plus:
Receipts from
exercise of
monetary
authority
73
29
23
49
59
44
53
55
Equals:
Change in cash balances
Treasurer's account
balance, increase,
or decrease (-)
2,096
-551
331
-956
4,159
-4,399
Cash held ou1
Treasury, in<
or decrease (-)
257
-312
-202
5
140
-
-1,311
-4
-222
-694
38
-101
-572
163
-52
,l
111,147
114,804
-8, 524
116,614
3,793
9,357
10,236
7,902
10,552
8,266
-4,109
-1,195
1,970
4,167
August.
September
939
2,936
-20
October.
November.
December.
3,872
8,554
8,868
9,385
9,218
8,576
-5,512
-663
292
2,775
707
30
-2,759
63
234
30
-17
95
1962-January..
5,968
8,726
,758
1,243
-1,513
50,648
62,624
-11,975
10,424
1961 -July
.
1962 to date.
1,810
Source:
Actual figures are based on the monthly statement of receipts
and expenditures of the Government (for explanation of reporting
bases, see page II); estimates are from the 1963 Budget document,
ised January 18, 1962, including effects of proposed legislation.
7,801
-1,849
67
40
563
43
-1,713
203
Lgures in this column differ from those published prior to the
September 1960 Treasury Bulletin because of the exclusion of a few
additional items of budget receipts which are also budget expenditures
(see Tables 3 and 4).
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
February
l
(
)f>2
21
CASH INCOME AND OUTGO
Table 3.
-
,,.
.
Treasury Bulletin
22
CASH INCCME AND OUTGO
Table 5.- Int ragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
Budget receipts
which are also
Government
sponsored
enterprise
expenditures
2/
Budget receipts which
are also
trust fund
expenditures
1/
- yea r
or month
Trust fund receipts which are
also budget expenditures
68
1
Interest
on uninvested
trust
funds
Interest on
investment in
public debt
securities
Lsa
5
81
5
102
104
221
1958
It.)...,
.
October. .
November.
December.
1962-January.
Source:
430
439
167
166
1,858
1,865
2,767
2,917
6
8
574
644
662
521
695
681
1,315
1,327
1,404
9
10
10
746
747
841
846
819
85
1,417
1,518
10
10
863
860
1,324
1,119
3,698
3,596
4
6
4
61
73
73
120
186
188
23
24
74
180
71
62
80
125
206
165
577
80
1961-July
August. .
September,
5/
Other
4/
,207
,318
,342
239
261
69 2/
;
Payroll
deductions for
employees'
retirement J/
5
4
7
5
36
31
20
ill.
3,167
3,946
U
7/
-
304
250
.,
See Table 1.
Footnotes fallow Table 7.
Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)
Net accrued
interest on
savings bonds
and Treasury
bills 1/
Fiscal year
or month
1954
524
-
388
254
.
801
1959
1960
.
I
;
.
1962 (Es
1963 (E.
....
1961-July
150
Aug',
Set
71
'
October..
November.
Dec,
1962-Jai
up
:
Clearing
account for
public debt
interest 2/
i
bonds ij
68
26
-15
234
91
87
231
6
500
575
.
.
Noncash expenditures involving issuance
of public debt securities j/
Armed Forces
leave bonds £/
-14
-8
-7
-6
-4
International
y Fund
il
notes to
Intern-
Inter-American
Development
Develoi
109
-
-674
-450
-;
-2
-l
-
258
-i
-i
58
1.
821
-
61
838
30
-241
-388
383
45
-470
438
93
-74
6
274
-1
25
538
See Table
-
Bank
.
280
717
-268
-652
180
234
-201
tes follow Table 7.
.
February 1962
?3
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 borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency obligations held by the public
Fiscal year
or month
1954.
1955.
1958.
1959.
1960.
'Est.).
1963 (Est.).
1961- July
August ....
September.
October.
November.
De sember.
1962-January.
Fiscal year
or month
Public debt
increase, or
decrease (-)
Plus:
Net sale of obligations
of Government enterprises in
the market
Public and
trust enterprise funds
-14
602
173
Governmentsponsored
enterprises
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
1,023
-733
11
269
872
86
-167
1,222
723
195
6,399
-450
1,231
709
3,433
1,310
;
,085
567
71
24
32
108
Trust funds
1,686 1/
1,236
2,516 2/
2,262
105
-1,215
Public
enterprise
funds
-77
126
101
36
Governmentsponsored
enterprises
446 1/
171
549
41
461
-68
236
432
Equa i s
Increase in
securities
held by the
public or
decrease (-)
,
3,130
2,454
-3,743
5,560
10,837
551
289
91
102
166
149
-120
1,470
289
343
-155
500
41
70
305
-827
1,377
-635
47
-83
-106
117
4 ,36;
-847
210
-539
-77
205
-320
2,839
1,124
-1,141
400
1,345
361
1,911
1,350
-842
168
-10
141
-42
345
165
98
33
28
Net investment in Federal
securities by Government agencies
Less:
20
-27
19
-19
-1
2,418
191
993
144
.
.
.
..
"
i
.
Treasury Bulletin
24
,
CASH INCOME AND OUTGO
,
Footnotes to Table 3
Al
L
pi
.....
ember 1960
[tain Interfund transand
:ertain intertrust fund
account receipts and trust account
',
and 10).
Formerly such transactions
vernmental transactions which were
from and payments to the public,
refund Seductions from receipts wh<n issued
eductions when redeemed.
r: forage and the incremenl
Ion
of the gold dollar; excluded from r
icluded in cash deposits in the Treasurer's account.
res we]
itions from both
£
..
.
this colun
receipts which ore also budg'
nterfund tren
educted from
expenditures (see footnoti
Adjust'
'.of certain
the genera] fu
Beginning fisca]
principal
amounts for n
61,
:counts, formerly included with trust account
expend:
re deducted from tm
J 000
I
,
£/
(.
:
a
.-.
nd budget expenditures;
i
*
1
,
Footnotes to Table 4
footnote 1.
expenditures, or receipts (-), as measured by
Led to net security transactions reflected in
reports
(see Table 7). To a large extent, these Goveran
lry
\re funds for their
rect
borrow
public or by cashing Federal sec.
uid they apply the net income received from operations to
af borrowing from the public or to investment in Federal
On that basis, net expenditures for operations are shown
table in terms of the combined net of disinvestment in Federal
securities and sale of agency obligations in the market, and net
Lpts from operations are shown in terms of the combined net of
tment in Federal securities and redemption of agency obligations
:
marl
4
5,
See Table 3, footnote 4.
See Table 7, footmDoes not include revolving fund rece
ties amounti
ralue).
See Table 3, footn:
See Tat
I
esenting acquired securi-
r,
1
l
Footnotes to Table 5
udes reimbursements for administrative expenses by the Federal
Old-Age and Survivors and the Federal Disability Insurance Trust
Funds, and beginning 1961, the Unemployment Trust Fund; reimbursements
for refunds of employment and certain excise taxes (highway) through
:t by the District of Columbia; Federal
iition for payment of dividends, interest, etc.,
and Federal intermediate credit
payment of capital stock to the Treasury
i
,
.
ry
5/
''''.
I
by banks for cooperatives
ni also by Federal intermediate credit banks beginix
atively small amounts of deductions from salaries paid by
;sored enterprises. Beginning with
deductions from salaries of District of
and beginning with fiscal year 1959 excludes
2/
Consists of payments to employees' retirement funds representing
United States and Government corporation shares of contribul
payments to the Railroad Retirement Account (for creditable military.
service), the Unemployment Trust Fund, veterans' life insurance funds,
Lees and
Survivors Annuity Fund, trust fund for tech;;
other assistance under the agricultural conservation program, and
•ict of Columbia; and awards of Indian Claims Commission.
Figures in this column differ from those previously published because
budget receipts which are also budget expenditures, and trust fund
receipts which are also trust fund expenditures are no longer inc
see Tables 3 and 4
See Table 3, footnoti
See Table 3, footnote 6.
Less than $500,000.
,
Footnotes to Table 6
nds and bills less interest pa
emed.
accrued beginning June
mting and reporting from
accrual bas
and coupons outstanding
rease
(
iyment for accumulated leave.
The last of these
bonds matured in
of the United States subscriptions to the Internati.
Monetary Fund, the International Development Association, and the
Inter-American Development Bank were paid in nonnegotiable,
noninterest-bearing notes of the United States, payable on demand.
See "Budget Receipts and Expenditures," Table 3, footnote 10.
Checks outstanding less deposits in transit, and changi
ts; net increase, or decrease (-).
I
a
nly
--ease,
-)
he time of issuance oV
me of their redemption;
(
Issued In 1936 in
net.
-)
',000.
certificates
i
'
ir
1.
The bonds matured in
i
'
Footnotes to Table 7
1
"
i
in Budget documents.
iovernment-sponsored en
nent
small amounl
ransactions with the
>nterprises
r<
principal
and bills
:t
;
pi
less interest paid on savings bonds
r
transactions at the time of issuance and
net issuance, or redemption (-)
ecause the transactions are treated as
6
borrowing because the transactions are treated as
he time of redemption;
Excluded fr
.'it.S
the public debt
oi'
Tn
.
n
:
i
/es tment s
n
.
:
i
:ebt securities and agency obligations.
,
whic
Le:
'
February 1962
25
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget reoelpts and expenditures but
deposit fund,
also trust,
account to the tax and loan account In the same bank. 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
and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
branches.
As
customers.
the balances In these accounts become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
to leave funds In banks and In the connunltles In which
pleted,
commercial banks throughout the country.
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
In this way the Treasury Is able
fluctuating operations
to neutralize the effect of Its
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
of the Treasury for 1955.
pages 275-2S4-.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federal
Reserve
Banks
875
1954
1955
1956
1957
1958
380
522
498
410
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
In Federal
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
49
274
343
421
302
287
520
500
438
440
365
63
58
64
273
337
222
429
4,836
4,365
4,633
4,082
8,218
497
493
501
489
401
6,207
5,239
5,656
5,069
9,030
191
187
159
190
259
50
93
37
101
106
109
4,380
7,068
5,969
306
253
179
5,751
234
37
Total
assets
362
712
037
990
5,451
8,092
6,769
V
Balance in
account of
Treasurer
of U.
476
146 2/
166
447
240
6,766
6,216 2/
6,546
5,590
9,749
100
87
75
5,350
8,005
6,694
1959
1960
1961
408
3,744
6,458
5,453
1960- December.
485
5,165
1961-July
August
September
415
543
348
5,287
4,745
7,754
148
108
122
5,850
5,397
8,225
225
190
172
58
51
60
182
115
346
331
375
6,660
6,084
9,031
67
198
64
75
6,593
6,020
8,956
October.
November
December
502
489
465
4,834
4,930
5,157
117
109
118
5,452
5,528
5,740
180
173
181
56
58
81
183
154
173
394
414
391
6,265
6,327
6,566
68
66
6,197
6,261
72
6,494
1962-January.
362
3,552
4,031
209
104
535
504
.
.
Source:
Daily Treasury statement.
l/ Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, uncollected items,
exchanges, etc., beginning December 1954; prior to that time included
also Post Office Department and Postmasters' disbursing accounts (see
2/
footnote 2).
Beginning December 1954, Post Office Department and Postmasters'
375
335
S.
6,531
5,059
4,981
disbursing accounts are no longer treated as liability accounts of
the Treasurer of the United States, but are classified and treated
in the same manner as other disbursing accounts, in accordance with
the change in method of reporting Post Office transactions (see
"Budget Receipts and Expenditures," Table 3). An adjustment of
-$207 million in the balance in the Treasurer's account (and in the
"clearing account") reflects this change.
..
Treasury Bulletin
26
ACCOUNT OF THE TREASURER OF THE UNITED STATES,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities \/
Fiscal year
or month
Savings
bonds
1954
1955
1956
1957
1958
3,457
4,424
j,810
2,976
2,824
1959
1960
2,668
2,679
2,787
1961
Savings
notes
2,333
Tax
anticipation
securities
Taxes
Withheld
and
excise 2/
Total
credits
Withdrawals
End of
period
High
Average
6,861
5,977
6,035
5,043
2,922
4,304
8,167
786
6,568
13,513
20,538
23,897
26,709
27,881
4,791
2,967
4,611
4,152
7,903
41,644
42,074
39,140
45,448
55,044
39,879
42,545
38,871
46,000
50,908
4,836
4,365
4,633
4,082
8,218
7,493
7,299
5,486
6,078
8,869
1,649
1,910
1,103
813
1,078
3,870
3,991
3,373
2,987
3,246
7,581
7,784
7,613
13,164
7,920
1,788
29,190
33,059
34,511
5,919
6,053
9,142
58,520
57,496
55,842
62,994
54,782
56,847
3,744
6,458
5,453
8,055
6,458
7,653
912
1,390
1,161
3,638
4,103
4,151
1,561
5,026
4,379
5,165
5,362
2,084
3,809
37
5,076
4,393
7,422
5,242
4,934
4,413
5,287
4,745
7,754
5,360
5,291
7,754
2,010
3,739
4,582
4,277
1.9,8 IS
1960- December.
1961-Jj
August.
September
229
235
208
October.
November.
December.
226
224
225
1,654
1962-January..
301
980
.
During period
Income (by
special
arrangement ) ,2/
3,442
2,457
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
368
158
515
1,243
1,320
3,919
3,491
3,229
4,143
5,256
6,149
4,047
5,029
4,834
4,930
5,157
7,344
5,460
5,512
4,834
4,074
1,539
171
5,924
4,873
3,869
1,453
29
2,764
4,369
3,552
5,197
2,201
3,213
30
J/
3,808
2,408
.:.
March 1948; 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 number of
excise taxes beginning July 1953.
Under a special procedure begun 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.
February 1962
27
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Guaran-
Special notes to - ^/
teed
Public
debt
securities
InterInternational national
Monetary Development
Fund
Association
i/4/
1954
1955
1956
1957
1958
1959
1960
1961
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
81
44
74
107
101
111
140
240
268,990
271,785
269,956
268,592
274,798
281,944
283,380
285,911
268,910
271,741
269,883
268,486
274,698
281,833
283,241
285,672
80
43
106
101
110
139
240
2,351
2,634
2,869
2,042
1,646
2,873
3,090
3,300
73
2,350
2,633
2,868
2,042
1,646
2,873
3,090
3,299
437
589
666
529
597
476
445
349
1,411
1,567
1,742
1,068
618
1,979
2,238
2,496
InterAmerican
Development Bank
Other
502
477
460
444
430
417
407
396
1960- December.
290,373
290,217
156
286,975
286,820
155
3,397
3,396
469
2,469
58
401
1961-July
August
September
292,643
293,964
294,020
292,404
293, 7K
293,750
239
249
271
289,235
290,907
291,043
288,998
290,659
290,773
237
248
270
3,407
3,057
2,978
3,406
3,056
2,977
315
2,541
2,071
2,054
58
58
58
493
491
October.
November.
December.
295,959
297,325
296,499
295,660
297,011
296,169
299
315
330
293,007
293,918
293,019
292,709
293,604
292,689
298
2,951
3,407
3,480
410
463
2,060
2,368
2,388
58
330
2,952
3,407
3,480
296,860
296,513
347
293,455
293,111
344
3,405
3,403
385
2,390
.
.
1962-January.
314
Source:
Daily Treasury statement.
\/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were isaued to the
Treasury (see Table 6).
}/ Held outside the Treasury.
y
^/
6/
*
436
375
321
Guaranteed
securities 3/
(matured)
490
25
25
25
115
115
488
488
488
487
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each
(see "Budget Receipts and Expenditures," Table 3, footnote 10).
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
Amount
outstanding
End of
fiscal year
or month
Public debt
and guaranteed securities \J
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Total
1.539
2.654
3.197
1.033
2.751
2.789
2.824
2.853
2.892
2.671
2.585
2.705
2.635
2.630
2.547
2.590
2.606
2.611
2.622
2.891
3.449
3.063
3.316
3.815
2.584
2.842
4.721
3.073
3.304
4.058
2.619
2.639
2.829
2.925
3.219
3.330
2.694
2.772
2.803
2.628
2.681
3.137
3.188
2.915
4.032
3.772
2.749
3.249
2.785
2.924
3.065
3.082
3,0%
3.048
3.072
3-093
2.565
2.584
2.605
3.073
3.000
3.000
3.703
3.662
3.657
2.830
2.842
2.890
3.332
3.329
3.332
2.811
2.835
2.827
3.155
3.159
3.211
3-098
3.123
3.135
3.096
3.133
3.146
2.628
2.646
2.701
3.000
3.000
3.000
3.636
3.615
3.6U
2.889
2.961
2.966
3.338
3.338
3.350
2.815
2.817
2.823
3.294
3.318
3.332
3.155
3.173
3.000
3.612
2.981
3.354
2.821
3.356
6,300
6,388
6,952
7,328
7,248
6,298
6,387
6,950
7,325
7,245
2.342
2.351
2.576
2.730
2.638
2.342
2.351
2.576
2.730
2.638
2.043
2.079
2.427
2.707
2.546
1959
1960
1961
281,944
283,380
285,911
281,833
283,241
285,672
8,069
9,320
8,769
8,066
9,316
8,761
2.867
3.297
3.072
2.867
3.297
3.072
1960-December..
286,975
286,820
8,981
8,976
3.137
1961-July
August
September.
289,235
290,907
291,043
288,998
290,659
290,773
8,849
8,950
8,993
8,841
8,942
8,984
3.065
3.082
3.096
293,007
293,918
293,019
292,709
293,604
292,689
9,059
9,160
9,167
9,049
9,150
9,156
3.098
3.123
3.135
293,455
293,111
9,238
9,226
3.155
.
Source:
Daily Treasury statement.
The computed annual interest charge represents the amount of interest
Note:
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each Issue
by applying the appropriate annual interest rate to the amount outstanding on that date (the amount actually borrowed in the case of securities
sold at a premium or discount, beginning with May 1960). The aggregate
charge for all interest-bearing Issues constitutes the total computed
annual interest charge. The average annual interest rate is computed
by dividing the computed annual interest charge for the total, or for
V
2.440
2.480
2.485
2.482
2.576
268,910
271,741
269,883
268,486
274,698
1962-January.
Special
Issues
1.838
1.846
2.075
2.504
2.806
268,990
271,785
269,956
268,592
274,798
.
Treasury
bonds
Cert if
icates
Guaranteed
securities
1.928
1.173
2.625
3.345
3.330
1954
1955
1956
1957
1958
October.
November.
December.
Bills
2/
Nonmarketable
issues
]/
2/
2/
4/
.843
3.704
3.U4
Beginning
any group of issues, by the corresponding principal amount.
with data for December 31, 1958, the computation is based on the
rate of effective yield for issues sold at. premium or discount. Prior
to that date it was based on the coupon rate for all issues.
Includes only guaranteed securities held outside the Treasury.
Total includes "Other bonds" through May 1961; see Table 3.
Included in debt outstanding at face amount, but discount value is
used In computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity Is applied
against the amount outstanding.
Treasury Bulletin
2S
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
February 1962
29
DEBT OUTSTANDING
.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
Federa
Disability
Insurance
Trust
Fund
46,827
46,246
892
835
673
718
673
996
1959.
1960.
1961.
44,756
44,899
45,043
629
694
556
1960-Dec ember.
44,346
1961-July
August
September
October.
November
December.
1954.
1955.
1956.
1957.
1958.
42,229
43,250
.
1962-January.
2/
Federal
employees
retirement
funds
Government
Life
Insurance
Fund
National
HighService
way
Life
Trust
Insurance
Fund
Fund
5,854
6,168
6,667
7,394
7,738
1,234
5,272
50
165
84
94
103
103
112
1,233
1,217
1,200
1,144
5,346
5,481
5,570
5,665
1,533
2,017
2,299
165
59
50
17,227
16,413
16,200
116
104
138
8,608
9,397
429
4U
1,127
1,107
1,071
618
2,093
50
15,782
9,774
44,198
45,573
45,007
556
563
561
2,277
2,350
2,338
50
50
150
15,664
16,439
16,068
150
150
43,890
44,217
43,520
523
540
543
2,307
2,315
2,237
208
50
15,402
15,441
15,076
42,304
538
2,170
78
14,227
52
325
51
RailPostal
road
Savings
RetireSystem
ment
1/
Account
213
91
6
Unemployment
Trust
Fund
Other
2/
3,345
3,486
3,600
3,475
3,531
8,024
7,479
7,737
7,996
6,671
24
79
112
123
234
5,742
5,803
5,759
3,417
3,586
3,504
5,636
5,580
4,625
126
138
192
1,078
56
5,760
3,335
5,547
147
10,464
10,561
10,576
1,041
1,038
1,035
227
228
5,665
5,667
5,670
3,418
3,398
3,375
4,497
4,937
4,728
191
191
191
120
120
120
10,601
10,651
10,718
1,032
1,029
1,025
140
74
75
5,676
5,681
5,679
3,260
3,189
3,135
4,593
4,813
4,707
184
156
153
120
10,764
1,021
80
5,677
3,045
4,430
156
146
Dally Treasury statement.
Consists of Canal Zone Postal Savings System beginning April 1958
through July 1959.
Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
Source:
i/
232
200
Federal
Savings
and Loan
Insurance
Corporation
17,054
18,239
19,467
19,463
L8.61Q
45, 114
.
Federal
home
loan
banks
Federa
Old-Age
and
Survivors
Insurance
Trust Fund
10,
404
822
1
162
5
120
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans' Special Term Insurance Fund.
Less than $500,000.
Treasury Bulletin
30
-DEBT OUTSTANDING.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
I
February 1962
31
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
Banks for
cooperatives
End of fiscal
year or month
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
929
738
456
793
834
924
1,159
1,007
1,061
1,322
1,552
1,646
284
330
382
992
1,259
1,055
1,456
1,600
1,723
2,137
2,357
7,911
407
1,266
1,454
1961-July
August
September
7,837
7,925
8,312
380
384
384
054
093
335
October.
November
December.
8,311
8,466
8,574
445
439
434
1962-January..
8,819
1954
1955
1956
1957
1958
1,967
2,876
3,889
5,013
5,423
120
110
133
179
199
115
341
1959
1960
1961
6,708
8,407
7,765
1960- December.
.
.
Office of Debt Analysis and agency reports.
Source:
Note:
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks
X/
ended in July 1951.
725
Management
and liquidating issues
570
570
570
797
All other
issues
Tennessee
Valley
Authority
100
1,050
1,165
1,290
2,284
2,198
50
2,210
2,523
50
1,767
1,795
1,782
2,357
2,357
2,431
2,179
2,197
2,281
100
100
100
334
573
1,571
1,715
1,623
1,585
2,431
2,431
2,431
2,287
2,300
2,453
100
100
100
1,683
1,569
2,431
2,602
1,888
797
797
2/
The proprietary interest of the United States in these banks ended
3/
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public
offerings.
June 1947.
)
<
Treasury Bulletin*
32
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
(
31 U.3.C.
and June 30, 1955); $3 billion beginning on July 1, 1956,
and ending on June 30, 1957 (act approved July 9, 1956);
billion beginning on February 26, 1958, and ending on
757 b), as
amended by an act approved June 30, 1959. provides that
the face amount of obligations Issued under authority of
that act,
5
and the face amount of obligations guaranteed
as to principal and Interest by the
June JO,
beginning on July 1, 1959. &n& ending on June 30, i960
billion beginning on
(act approved June 30, 1959);
United States (except
*
guaranteed obligations held by the Secretary of the Treas-
ury)
In effect
The corresponding limitation
under the act of June 26,
and that under the act of September
llon.
and ending on June 30, 1961 (act approved
June 30, i960); and $13 billion beginning on July 1, I961,
and ending on June 30, 1962 (aot approved June 30, 1961 ).
July
shall not exceed In the aggregate $285 billion out-
standing at any one time.
I9U6,
2,
was 8275 billion
|6 billion beginning on August 28,
and ending on June 30,
1,
i960,
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner
1958, was $283 Dll_
In addition, temporary Increases have been author-
ized as follows:
1959 (aot approved February 26, 1958); $10 billion
are Included In the statutory debt limitation at current
195^,
redemption values.
1956 (acts approved August 28, 195^,
Table 1.- Statue under Limitation, January 31, 1962
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of June 30, 1961
.
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
,
296,076
347
Total amount of securities outstanding subject to statutory debt limitation
296,422
Balance issuable under limitation
Source:
98
1,578
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding January 31, 1962
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Total marketable.
Nonmarketable:
Certificates of indebtedness, foreign series
Certificates of indebtedness, foreign currency series.
U. S, savings bonds (current redemption value)
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. 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:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Eund series
International Development Association series
Inter-American Development Bank series
United States notes (less gold reserve
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest
Guaranteed securities: \f
Interest-bearing
Matured
Total
outstanding
43,947
5,509
71,574
76,598
43,947
197,628
197,628
450
48
47,500
148
5,008
24
450
48
47,500
148
5,008
53,178
53,178
5,509
71,574
76,598
24
42,304
42,304
293,111
293,111
382
385
52
52
1
1
,390
115
25
2,390
115
25
191
142
102
2,583
435
3,017
296,076
438
296,513
344
344
3-
3
Total guaranteed securities.
347
Total public debt and guaranteed securities.
Daily Treasury statement.
limitation
191
142
102
Tota 1 public debt
Source:
Not subject to
statutory debt
296,422
1/
Held outside the Treasury.
438
296,860
:
February 1962
33
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding January 31, 1962
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Amount of maturities
Amount of maturities
Held by
Year
and
Description of security
month
of final
maturity
U. S. Govt.
investment
accounts
and Fed.
Res. Banks
1/
All
other
investors
Year
and
month
of final
maturity
3-5/8)6 Note
Note
4*
3-1/4* Note
2/15/62-A
2/15/62-D
2/15/62-F
647
1,435
9,098
33
26
4,852
3,503
136
investment
accounts
and Fed.
Res. Banks
All
other
investors
1/15/63
2-5/8* Note
3-1/4* Note
2/15/63-A
2/15/63-E
2,839
3,642
1-1/2* Note
4/1/63-EA
533
533
Note
4*
3-1/4* Note
5/15/63-B
5/15/63-D
1,743
5,047
1,672
4,062
Aug.... 2-1/2* Bond
8/15/63
4,317
Oct.... 1-1/2* Note
lO/l/63-EO
506
506
Nov.... 4-7/8* Note
11/15/63-C
3,011
2,853
23,641
21,834
614
1,409
4,246
May
3/23/62
U. S. Govt,
3.366* Bill
Apr..
2.454)6 Bill
Description of security
i/
1963
Jan..
1962
Held by
3,367
.
1,714
171
102
2,668
3,540
(tax ant.
Apr.
1-1/2)6 Note
2.827)6 Bill
.
Certificate
Note
May...
2-1/4)6 Bond
2-3/4)6 Bond 2/
2.705)6 Bill
(tax ant.
July.
.
Aug...
Oct
2."908* Bill
Note
3-1/4* Note
4)6
1-1/2? Note
2.975? Bill
4/1/62-EA
4/15/62
551
2,000
5/15/62-A
5/15/62-E
5,509
2,211
6/15/59-62
12/15/60-65
6/22/62
3,964
1,485
2,511
7/15/62
8/15/62-B
8/15/62-G
10/1/62-E0
10/15/62
2,004
158
7,325
590
2,003
25
164
1,785
152
526
1,836
3,724
2,059
3,464
1,485
2,511
234
3,703
240
1,769
158
3,622
Total.
32
4,285
1964
161
3,693
4,933
3,893
2,840
284
2,093
3,609
2,316
5,019
193
1,701
2,123
3,318
4,195
2,291
1,904
25,157
7,469
17,687
Feb.
3*
Bond
2/15/64
3,854
Apr.
1-1/2* Note
4/1/64-EA
457
May.
4-3/4* Note
3-3/4* Note
5/15/64-A
5/15/64-D
Aug.
Note
5*
3-3/4* Note
8/15/64-B
8/15/64-E
Oct.
1-1/2* Note
10/1/64-EO
4-7/8* Note
11/15/64-C
590
1,764
1965
3-3/4? Note
3-1/4* Note
2-1/4* Bond
ll/15/62-C
ll/15/62-H
12/15/59-62
1,143
6,082
2,271
35
3,380
404
1,108
2,702
Feb.
2-5/8* Bond
2/15/65
6,896
6,088
Apr.
1-1/2* Note
4/1/65-EA
466
466
May.
4-5/8* Note
5/15/65-A
2,113
Oct.
1-1/2* Note
10/1/65-E0
315
Footnotes at end of table.
15,669
1,747
1,867
Total.
54,490
366
38,821
(Continued on following page)
9,790
315
1,174
8,616
3*
February 1962
35
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In millions of dollars)
Description of new issue
Amount of bids accepted
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Regular weekly bills:
1961- Oct.
1962-Jan.
Apr.
4
5
91
182
Oct.
13.
Jan.
Apr.
11
12
90
181
Oct.
19.
Jan.
Apr.
18
19
91
182
Oct.
26.
Jan.
Apr.
25
26
91
182
Nov.
2.
Feb.
1
May
3
91
182
Nov.
Feb.
9.
15 y..
Nov.
16..
Nov.
24..
Nov.
30..
Dec.
May
1961-Dec.
Dec.
Dec.
Dec.
1962-Jan.
8
10
91
182
7
14
22
21
28
36
43
50
57
64
71
4
Jan.
Jan.
Jan.
11
18
25
29
Feb.
15
May
17
91
182
Feb.
23
24
91
181
May
1
91
May
31
182
7..
Mar.
June
8
7
91
182
Dec.
14..
Mar.
June
15
14
91
182
Dec.
21..
Mar.
June
22
21
182
Dec.
28p.
Mar.
June
29
28
182
Apr.
July
4
5
91
182
Apr.
12
12
91
182
July
19
19
91
182
Apr.
July
26
26
91
182
J62-Jan.
4P.
Jan.
lip.
Jan.
18p.
Jan.
25p.
Mar.
July
Apr.
91
91
fax anticipation bills:
961-July
Sept.
3ther bills:
1960- Oct.
1961-Jan.
Apr.
July
Oct.
1962-Jan.
26
1962 -Mar.
240
27
June
268
17
1961-Oct.
364
15.
15.
15.
16-
1962-Jan.
Apr.
July
Oct.
1963-Jan.
365
365
365
364
365
15P
1,666.0
1,304.9
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
)
Treasury Bullet it'
36
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury B1116
On competitive bids accepted
On total bids accepted
rate 7/
P-egular weekly bills:
Price per hundred
Equivalent rate 7/
(Percent
2.302
2.683
99.435
98.650
'99.403
2.389
2.684
382
734
98.561
9.398
2.
|98.618
2,
I
:
Price per hundred
Equivalent rate 7/
(Percent)
/99.418
198.643
13...
Oct.
High
Equivalent average
Average price
per hundred
(Continued)
-
(Percent)
2.235
2.670
99.408
98.641
2.688
99.410 9/
98.660 12/
2.360
2.665
99.401
98.646
2.396
2.693
99.405
98.624 11/
354
722
99.395
98.613
2.393
2.744
_
-
26
(99.412
\98.631
.325
.708
99.417
98.638
306
694
99.410
98.629
2.334
2.712
2
(99.424
198.679
.280
.613
99.428
98.686
263
599
99.421
98.677
:.6i7
(99.406
198.709
.349
.554
99.402
366
98.718
98.706
(99.364
198.624
2.516
2.721
99.372 12/
98.638 13/
484
694
99.361
98.614
2.528
2.742
(99.359
99.363 \Jj
98.630
2.
[98.626
2.537
2.734
520
725
99.354
98.623
2.556
2.739
581
2.606
2.807
99.346
98.595
2.587
2.779
99.339
98.570
2.829
(99.337
198.551
2.624
2.867
99.34-
99.335
98.564 16/
2.587
2.840
{99.348
198.547
2.579
2.874
99.35^ 17/
98.555
2.858
[99.325
198.526
2.670
2.915
99.331 18/
98.540 19/
2.647
2.888
(99.344
'198.562
2.594
2.845
98.572
4p
(99.317
198.513
2.703
2.941
99.325 20/
98.528 2i/
L|
(99.286
\98.447
2.824
3.073
(99. 300
1.98.499
1
\_
..
.
-
99.719
.
1.98.
2.323
2.
_
2.631
2.880
98. 544
99.346
2.587
2.880
98.520
2.682
2.927
99.338
98.550
2.619
2.868
2.670
2.912
99.312
98.499
2.722
2.969
99.296 22/
98.460 23/
2.785
3.046
99.283
98.438
2.836
3.090
2.770
2.970
98.507
2.745
2.953
98.496
2.781
2.975
(99.321
198.546
2.688
2.875
99.325
98.558
2.670
2.852
99.319
98.537
2.694
2.894
98.344
97.986
2.484
2.705
98. 4C(
2.630
97.975
.720
96.834
3.131
96.891
3.075
96.815
2.679
2.827
2.908
97.318
16,
97.283
97.134
97.051
96.992
2.790
2.859
2.930
97.039
96.979
15p
96.588
3.366
96.614 28/
.
13p
•
27
-
.
_
:11s:
2.700
26.
97.101
97.037 22
.
$300,000 at 99.354, $200,
.
Except $100,000 at 98.656.
.431, and $300,000
...
:ept 4700,000 at 98. r
.668.
Except $200,000 at 98.660, $260,000 at 98.655, and $500,000 at 98.639.
Excepl $100,000 a1
-.406.
1128,
1Q
_
12.
12
:ept
li
$100,000
at
(300,
...
.
,
.
-do.
.
12
IS
_
Ex
;
•
,000
*.
.
.
.
.46.
$100,000
a1
.".
.
a
at
98.4
.
,
...
...
$
...
.
.
26/
22
-1
$330,000 at 99.338.
.
-
$100,000 at 98.
167.
.
24,
.
.
•
-
--
.355,
•
;
and $100,000
_
_
_
-
:
_
.000 at 96.
.r.ary.
February 1962
37
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions
Description of issue
Issue
date
Maturity
date
23.
1953- July
23
7.
21.
28.
Aug.
Aug.
Aug.
6
20
27
June
June
June
June
4.
11.
18.
25.
Sept.
Sept.
Sept.
Sept.
10
17
24
July
July
July
2.
Oct.
Oct.
Oct.
8
15
10.
Dae.
10
7.
14.
21.
28.
1955- Oct.
Oct.
Oct.
Oct.
20
27
4.
11.
18.
25.
Nov.
Nov.
Nov.
Nov,
10
17
25
Sept. 1.
8.
Sept.
Sept 15.
Sept. 22.
Sept. 29.
Dec.
Dec.
Dec.
Dec.
Dec.
Apr.
May
May
May
July
July
Aug.
Aug.
Aug.
Aug.
9.
16.
1957-Jan.
31.
1957- May
Feb.
Feb.
Fab.
Feb.
7.
May
21.
28,
Mar.
Mar.
3
1
6
13
3
1
8
15
22
29
9
16
May
May
May
31
14.
June
June
13
Dec.
Deo.
19,
26,
1958- Mar.
Mar.
20
27
1958-Jan.
Jan.
Jan.
Jan.
2,
9
16
23
Apr.
Apr.
Apr.
Apr.
17
24
Mar.
13
June
12
Sept. 11
Sept. 18
Sept. 25
Dec.
Dec.
Dec.
11
18
26
1959- Jan.
Jan.
Jan.
Jan.
Jan.
2
8
22
29
Feb.
Feb.
13
U.
7,
Oct.
Oct.
Oct.
Oct.
Oct.
30
Nov.
Nov.
13
Dec.
11
f Mar.
\ June
Dec.
18
(Mar.
\ June
Dec.
26
1959-Jan.
2
Jan.
8
Jan.
15
2
9
16
23
6
23
6
3
10
15
5
12
11
Number of
daya to
maturity
Amount
of bids
tendered
Amount
of bids
aocepted
Average rate
on bids
accepted 1/
Nev money
increase or
decrease (-)
,
Treasury Bulletin
3S
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts In millions)
Description of issue
Amount
Issue
date
1959-Mar.
Maturity
date
Number of
days to
maturity
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted \J
New money
increase, or
decrease (-)
I
{February 1962
39
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or bill
tenders received
Treasury Bulletin
ko
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
February 1962
)
Treasury Bulletin
U2
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securi ties Other Than
Regular Weekly Treasury Bills - (Cont 1 nued
Date subscrip-
February 1962
*3
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4.- (Continued)
20/
2J/
22/
2,2/
2jJ
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of the notes were allotted to Government
investment accounts.
Redeemable at the 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 issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
three months advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full, and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue were allotted to Government
investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts. Payment of not more
than 50 percent rould be deferred until not later than October 21,
1
2Jj/
jfr/
j&Z
37/
22/
39/
1957.
22/
22/
22/
jQ/
3JL/
22/
3J/
2A/
35/
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype investors and 12 percent to all other subscribers but in no
case less than $10,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
less than $10,000.
In addition, $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 than $10,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24 percent but in no case
less than $25,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition, $100 million of the bonds were allotted to Government
investment accounts.
Subscrip- ions 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 $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
minimum for each issue were allotted 44 percent on bills and 35 perIn addition,
cent on notes but in no case less than the minimum.
$100 million of the notes were allotted to Government investment
accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds were
not less than $5,000.
allotted to Government investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
40/
£1/
42/
43/
44/
45/
46/
47/
48/
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full.
Subscriptions for more than these
minimums were allotted not less than the minimums.
In addition,
$50 million of the bonds were allotted to Government investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription. In addition, $100 million of the notes were
allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4% notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4%. Smaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amounted to $3
million.
Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds In intsallments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
In addition to the amounts allotted to the
payment by June 15).
public, $100 million of the bonds were allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
In addition, $27.4 million of the notes were
less than $100,000.
allotted to Government investment accounts.
Subscriptions for 125,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
In addition, $71 million of the notes were
less than $25,000.
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/4% Treasury notes maturing August 15, I960 (see Table 6, footnote 22).
In addition in order that holders of 3-5/8% Federal
National Mortgage Association notes maturing August 23, I960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, I960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 44).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,285 million and were allotted in
full.
Subscriptions subject to allotment totaled $11,104 million
and were allotted in full up to and including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000.
Footnotes on following page.
t
Treasury Bulletin
14-14-
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2% bonds of 1980, $215.9 million of the 3-1/2% bonds of 1990,
and $236.5 million of the 3-1/2% bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued In 1949, which mature in I960, were offered in exchange the
4% bonds, with certain adjustments as of December 15, I960, at a price
Smaller denominations of savings bonds could be exchanged
of 100^.
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
permitted to be made with payment in cash or in
a/ Suscriptions werecertificates
maturing February 15, 1961 (see Table 6,
4-7/8% Treasury
footnote 26).
52/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
5J/ Subscriptions from States, political sub-divisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were alloted in full; all others were
allotted 20 percent but in no case less than $10,000.
there were allotted
2V In addition to the amounts allotted to the public,
to the Federal Reserve Banks and Government investment accounts
million
of the
bonds
of
1966
and
of
the
$540
million
3-3/8%
$39
3-5/8% bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
5J>/
the 4-3/4% Treasury certificates or 3-5/8% Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
52/ There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign centra]
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
38/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1961, to November 30, 1961.
59/ In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts $480.4
million of the 3-l/2% bonds of 1980, $160.6 million of the 3-l/2% bonds
of 1990 and $289.5 million of the 3-l/2% bonds of 1998.
60/ Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100, OOOwere allotted 37 percent but in no case less
In addition, $100 million of the notes were allotted
than $100,000.
to Government investment accounts.
61/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
62/ Includes $2 million allotted to Government investment accounts of the
3-1/4% notes, $4 million of the 3-3/4/6 bonds of 1966, and $136 million
of the 3-3/436 bonds of 1974.
6j/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8% bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payCash payments amounted to about $306,000.
ment of any cash difference.
Subscrip64/ Subscriptions for $50,000 or less were allotted in full.
tions for more than $50,000 were allotted 60 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts.
65/ Includes $3,411 million allotted to Federal Reserve Banks and
Government investment accounts of the 3-1/2% certificates and
$1,518 million of the A% notes.
Preliminary.
p
•)
^
February 1962
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills U
Treasury Bulletin
i+6
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^ (Continued)
(In millions of dollars)
Issue
i
February 1962
*7
PUBLIC DEBT OPERATIONS
Table 5.-
Treasury Bulletin
ki
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bl 1 Is V - (Continued)
(In millions of dollars)
Issue
February 1962
ks
PUBLIC DEBT OPERATIONS
Table 6.- Di
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
February 1962
51
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 6.- Dleposit Ion of Matured Public Marketable Securities
Other Than Regu lar Weekly Treasury Bills - (Continued)
February 1962
53
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued!
Called or maturing security
Date of
refunding
or retirement
1 8 sue
Description
Disposition offers
by Treasury
1/
date
Amount
outstanding
Cash
retirement
Results of exchange offers
Exchange
security
offered
Ex-
changed
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
2.823* Bill
3/22/61
4/1/61
1-1/2* Note
4/1/61-EA
4/1/56
144
4/15/61
4.608* Bill
4/15/61
4/15/60
2,001
5/15/61-B
5/15/60
3,674
3/22/61
f4-3/8* Certificate
5/15/61
7/13/60
5/15/61-B
12/1/58
Bond
6/1/61
(Panama Canal loan)
6/1/11
3-5/8* Note
Total
6/1/61
3*
3,512
3,512
37
H4
2,001 18/
3,674
4,078
4,078
7,753
7,753 22/
2.788* Bill
-
6/22/61
10/21/60
3,504
3,504
7/15/61
3.265$ Bill
-
7/15/61
7/15/60
1,501
1,501 18/
3-1/8* Certificate
-
8/1/61-C
8/15/60
7,829
Note
2-3/4* Bond
8/1/61
1-1/2* Note
-
-
-
8/1/61-A
9/15/61
10/1/61-EO
8/1/57
11/9/53
10/1/56
Total.
9/15/61
20/
2,136
2,239
332
2,136
658p
991p
289p
2,239
681p
890p
320p
J32
183P
89p
8p
ll,850p
lertif.
\ 3-1/4* Note
5/15/62-A
5/15/63-D
22/
88p
f
198
I
\
[
(
348p
\
[
I
\
[
686p
3-1/4* Note
3-3/4* Note
3-7/8* Bond
ll/15/62-H
8/15/64-E
3-1/4* Note
3-3/4* Note
3-7/8* Bond
11/15/62-H
8/15/64-E
5/15/68
3-1/4* Note
3-3/4* Note
3-7/8* Bond
ll/15/62-H
8/15/64-E
5/15/68
3-1/4* Note
3-3/4* Note
3-7/8* Bond
ll/15/62-H
8/15/64-E
5/15/68
5A5/68
'6,082piof 3-1/4* Note
5,019p'of 3-3/4* Note
749p of 3-7/8* Bond
2/1/44
4,688
4,688
l,035p
722p
495p
3-1/2* Bond
3-1/2* Bond
3-1/2* Bond
11/15/80 24/
2/15/90 24/
11/15/98 UJ
2-1/2* Bond
3/15/66-71
12/1/44
2,927
2,927
238p
576p
692p
3-1/2* Bond
3-l/2* Bond
3-l/2* Bond
11/15/80 2V
2/15/90 24/
11/15/98 24/
7,615
7,615
l,273p
l,298p
l,187p
3-1/2* Bond
3-V2* Bond
3-l/2* Bond
11/15/80 24/
2/15/90 24/
11/15/98 24/
6,963
3,642p
2,384p
517p
3-1/4* Note
3-3/4* Bond
3-7/8* Bond
2/15/63-E
5/15/66 24/
11/15/74 24/
647
282p
303P
3-1/2* Certif.
Note
4*
2/15/63-A
8/15/66-A
3-1/2* Certif.
Note
4*
2/15/63-A
8/15/66-A
3-1/2* Certif.
Note
4*
2/15/63-A
8/15/66-A
[3-1/2* Certif.
Note
4*
2/15/63-A
8/15/66-A
9/22/61
4/3/61
1,503
1,503
10/17/60
1,502
1,502 18/
11/15/61
2-1/2* Bond
11/15/61
2/15/54
6,963
2.679* Bill
1/15/62
1/15/61
1,502
3-5/8* Note
2/15/62-A
5/1/57
647
4*
Note
3-1/4* Note
1-1/2* Note
Total
tj
/3*
5/15/62-A
5/15/63-D
3/15/65-70
10/16/61
.3/
Certif.
3-1/4* Note
2-1/2* Bond
2.473* Bill
2/
5,122
12,536
3.131* Bill
i/
2,631
12,536
9/22/61
Source:
:1,523
4,560p
3,049P
131p
7,829
10/16/61
2/15/62
fl,727
829
<yf,
1
i/
'
1/15/62
3,599
50
6/22/61
4*
(54
\22
2/15/62-D
2/15/62-F
4/1/62-EA
2/15/59
11/15/60
4/1/57
J/
419p
1,502 18/
1,435
1,435
9,098
9,098
|
61p
[
454P
858p
]l24p
5.753P
3,198p
jU8p
f
[
f
[
551
551
370p
95P
| 86p
11,731
11,731
ll,312p
419p
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance basis"
in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
Tax anticipation issue; for detail of offerings beginning 1953, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
On November 9, 1953, the Treasury purchased from the Federal Reserve
System and retired J500 million of the 2-1/8* Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
f
f6,858p of 3-1/2* Certificate
4,454p of 4* Note
November 1953, page A-l.
Reopening of February 2, 1953, offering (see Table 4).
It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury issue after February
This offer was included in the refundings of May 17, 195415, 1954.
Reopening of August 3, 1954, offering (see Table 4).
Also
designated tax anticipation certificates, acceptable at par plus
2/
accrued Interest to maturity in payment of income and profits taxes
due June 15, 1956.
2/ Reopening of May 3, 1955, offering (see Table 4).
Remaining footnotes on following page.
%
u
Treasury Bulletin
5*
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
Reopening of November 28, 1955, offering (see Tatle 4).
During June 1956, $159 million of these notes were purchased by the
Treasury for account of the Sinking-Fund and retired.
Also designated tax anticipation certificates.
11/ Two issues of bills, maturing January 16, 1957, and February 15, 1957
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957.
During June and July 1958, $491 million of the 2-5/8% Treasury bonda
of 1965 were purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a),
Called on May 14, 1958, for redemption on September 15, 1958.
16/ Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 22).
Holders of the 4% notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, "for
the 4-7/8% notes.
Rolled over into a one-year bill (see Table 4).
12/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
20/ Advance refunding offering. Pursuant to the provisions of section
1037 (a ) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations.
2V Holders of 2- l/2%. Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from June 8,
1960, to June 13, I960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for
the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8% certificates or
the 3-7/8% bonds, which were offered in an aggregate of around $8-3/4
billion. For detail of offering, see Table 4.
23/ Excess of maturing 4-3/4% Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
Reopening of an earlier issue.
227 Holders of 2-1/2% Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 196C, to
September 20, 1960, inclusive, the first for 3-l/2% bonds of 1980,
the second for 3-1/2% bonds of 1990, and the other two for 3-1/2% bonds
of 1998, subject to allotment if the combined total of subscriptions
for the bonds of 1990 and 1998 exceeded an outside limit of $4.5 billion
26/ Holders of the maturing certificates were not offered preemptive rights
to exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the 3-1/4% notes offered
For detail of offering, see
in the amount of around $6.9 billion.
Table 4.
10/
27/
ii/
28/
W
w
29/
JO/
-
(Continued)
Excess of maturing 4-7/8% certificates over allotments of new securities
on subscriptions from holders of those certificates (see Table 4,
footnotes 51 and 52).
From March 20 through March 22, 1961, owners of 2-l/4% bonds of June
15, 1959-62, 2-1/4% bonds of December 15, 1959-62, 2-5/8% notes
maturing February 15, 1963, and 2-l/2% bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first three
were exchangeable for a new 3-5/8% bond due November 15, 1967, and the
Exchanges were
last for a new 3-3/8% bond due November 15, 1966.
subject to allotment if subscriptions exceeded $5 billion for the
bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the $5,250 million
offering of 3% certificates or the $2,500 million offering of 3-l/4%
For detail of offering, see Table 4.
notes.
Excess of maturing 4-3/8% certificates and 3-5/8% notes over allotments
of new securities on subscriptions from holders of those certificates
Preliminary.
p
and notes (see Table 4, footnotes 55 and 56).
Note:
Information on retirement of tax anticipation issues referred to in
footnote 3, in millions of dollars!
Date of
February 1962
55
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May
being Eold.
1,
19^1,
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957- Details of the principal changes In issues,
Series
Interest yields, maturities, and other terms appear In the
A-D were sold from March 1, 1935, through April JO, 15 1*1.
Series F and G were sold from May 1, 19^1, through April
Treasury Bulletins of April 1951, May 1952, May 1957, Octo-
and Series H has been on sale since June 1, 1952.
ber and Deoember 1959,
&"<*
May and October 1961.
Table I.- Sales and Redemptions by Series, Cumulative through January 31, 1962
(In millions of dollars)
Sales 1/
Series
Accrued
discount
Amount outstanding
Sales plus
accrued
discount
Redemptions 1/
Interestbearing debt
Matured debt
Series A-D 2/
Series E and H
Series F, G, J, and K.
3,949
109,644
31,951
1,054
17,001
1,233
5,003
126,645
33,185
4,986
82,034
30,029
44,610
2,889
266
Total A-K-
145,544
19,289
164,833
117,050
47,500
283
Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
17
Footnotes at end of Table 4.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions 1/
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price j/
Amount outstanding
Accrued
discount 2/
Interest bearing debt
Matured debt
Fiscal years:
1935-1954 £/.
1955
1956
1957
1958
1959
1960
1961
107,775
6,473
5,846
4,881
4,670
4,506
4,307
4,464
9,844
1,231
1,214
1,216
1,226
1,228
1,240
1,286
117,620
7,704
7,060
6,097
5,896
5,734
5,547
5,749
59,430
7,251
7,846
8,958
8,544
7,249
8,557
5,819
55,686
6,487
7,018
8,055
7,368
6,377
7,542
5,038
3,744
764
828
903
1,175
872
1,015
781
58,365
57,497
54,622
51,984
50,403
47,544
47, 514
128
277
360
374
364
331
280
240
Calendar years:
1935-1954
1955
1956
1957
1958
1959
1960
1961
110,772
6,276
5,517
4,605
4,689
4,320
4,350
4,539
10,464
1,216
1,217
1,216
1,235
1,221
1,262
1,322
121,236
7,491
6,734
5,821
5,924
5,541
5,612
5,861
62,878
7,301
8,264
9,630
7,255
8,772
6,732
5,595
58,776
6,518
7,419
8,674
6,450
7,763
5,851
4,842
4,102
783
846
956
805
1,009
881
754
58,672
57,924
56,293
52,474
51,192
48,154
47,159
47,458
686
624
725
734
686
494
368
335
1961- July
August
.
September.
342
135
102
477
495
439
423
438
415
362
100
378
358
61
60
58
47,574
47,640
47,670
234
225
219
October. ..
November.
December.
370
358
343
101
102
130
471
460
473
406
383
710
349
330
642
57
53
68
47,743
47,824
47,458
210
205
476
135
611
621
527
47,500
283
U
1962-January.
Source:
.
393
339
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Footnotes at end of Table 4.
'
.'•
,06:
335
..
:
Treasury Bulletin
56
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Sales
1/
Accrued
discount
Redemptions
Sales plus
accrued
discount
Sales
price
2/
Amount outstanding
1/
Accrued
discount 2/
Interest-bea ring
debt
Series E and H combined
Fiscal years:
1941-1954 i/..
1955 4/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
44,558
4,544
4,730
5,176
5,187
5,107
5,502
4,627
42,058
3,911
4,069
4,444
4,129
4,310
4,616
3,906
2,500
633
661
76,352
5,368
5,043
4,507
4,689
8,626
1,113
1,124
1,143
1,178
84,977
6,481
6,167
46,744
4,652
,798
654
4,320
4,350
4,539
1,224
1,293
5,832
,832
,469
,856
,519
,996
,484
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
727
883
794
703
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
1
.
169
5,867
5,489
5,574
732
1,058
797
886
721
670
783
37,482
39,285
40,929
41,498
42, U2
42,716
42,715
43,806
Months:
1961- July
August .
342
393
132
September
339
100
98
474
493
437
357
378
361
300
321
306
58
58
55
43,922
44,037
44,113
October.
November.
December.
370
358
343
98
100
128
468
458
470
350
331
343
296
280
54
50
291
52
44,232
44,358
44,485
1962- January..
476
132
608
483
395
89
44,610
.
Series F, G, J, and K combined jy
Flseal years:
1941-1954 V-
•
19554/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
29,848
1,249
586
268
30,472
907
475
98
729
108
100
83
65
54
30,577
1,357
686
352
65
54
46
46
32
32
784
103
92
74
58
31,256
1,010
567
172
58
52
38
52
38
29
29
9,942 6/
2,692
3,105
3,774
3,350
2,137
'<•''-"
2
1,188 8/
11,198 6/
2,636
3,422
4,153
2,395
3,246
1,732 7/ 8/
1,108 8/ 2/
9,734
2,565
2,941
3,605
3,235
2,063
2,921
1,129
209
127
164
169
116
10,932
2,510
3,250
3,982
2,318
3,122
1,646
1,058
267
126
173
171
77
125
74
128
59
86
50
20,579
19,080
16,568
13,124
9,842
7,787
4,829
3,709
19,439
17,861
14,895
1.'
,896
8,603
5,594
4,022
2,973
Months
1961- July
August.
..
65
59
62
57
September
54
52
3
2
56
53
366 2/
53
50
351
2
15
1,8
132
October.
November.
December.
1962 -January.
Footnotes at end of Table 4.
2,
(Continued on following page)
3
3
3,652
3,603
3,557
3,512
3,466
2,973
2,889
February 1962
57
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In millions of dollars)
Redemptions
Fiscal years:
1941-1954 y...
1955
1956
1957
1958
1959
1960
1961
y
Sales plus
accrued
discount
Sales 1/
Accrued
discount
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
80,985
5,218
5,333
5,052
5,049
4,862
74,843
4,192
4,142
3,875
3,802
3,598
3,632
3,711
8,626
1,113
1,124
1,143
1,178
1,169
1,224
1,293
276
1/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Sales
price 2/
Accrued
discount J/
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
42,027
3,857
2,500
633
661
732
1,058
797
886
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
46,690
4,572
4,689
5,220
4,658
5,225
4,729
4,249
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
2,798
654
670
783
727
883
794
703
278
212
37,748
37,597
38,140
132
100
98
408
429
382
337
357
340
279
300
285
58
58
55
17
17
16
37,871
37,926
37,953
401
392
411
329
312
324
275
261
271
54
292
283
98
100
128
19
17
16
38,005
38,069
38,140
379
132
464
375
89
4,797
4,943
3,961
4,248
3,893
4,092
4,295
3,673
721
201
188
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961
,
,
,
,
,
,
Months:
1961-July
August....
September,
October. .
November..
December..
1962-January.
.
329
284
302
50
52
36,778
37,510
18,087
37,885
)8,206
38,160
..
Treasury Bulletin
5<5
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Total
Unclassified
10/
1/
Series E and H
Total
Fiscal years:
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
779
90
633 bj
1
4,258
1,042
1,012
904
874
619
682
1,526
1,544
543
1,356
283
19
1
940 8/
3,358
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
518
4,914
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,100
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
3,114
2,899
1,097
929
917
593
689
979
1,886
750
1,075
825
201
-595
120
266
22
-449
-239
-60
228
288
240
213
272
222
14
16
-69
17
2
342
33
-163
K
12
2
101
,.:<'<
&
2,115
2,345
2,144
1,824
1,625
l
5,300
4,316
3,859
3,589
,822
3,394
2-'
3,467
4,657
4,739
3,778
4,641
179
-84
116
185
75
-150
-210
-212
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
5,651
5,074
6,L49
6,985
7,301
8,264
772
1,015
5,595
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
990
1,672
2,183
2,355
2,072
1,702
2,268
1,089
922
1961- July
August ...
September
423
438
415
140
218
174
102
160
130
38
59
44
October.
November.
December.
406
383
710
227
171
144
422
108
621
199
9,630
7,255
6,772
6,732
47
6/
7/
2/ 2/
8/ 2/
-35
34
31
757
Months:
1962-January.
92
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption value.
Series G, H, and K are 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 interest-bearing debt until
all bonds of the annual series have matured, and are then transferred
56
36
330 2/
227
186
310
213
184
72 2/
251
238
Source:
1/
2/
2/
to matured debt upon which interest has ceased.
Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957 and (2) Series F and J bonds for Series H bonds beginning
January 1960; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table 3.
Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
Because there is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
4/
5/
b/
2/
8/
2/
10/
55
reports of classified redemptions. All periods shown have been
revised on this basis.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K bonds in July 1954 to compensate for the erroneous inclusion
of reissue transactions in June 1954 as reported in the daily Treasury
statement. The amounts involved were as follows: $18 million for
issues of Series E and H, $17 million for issues of Series F, G, J,
and K, and $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for Treasury
3-1/4)6 bonds of 1978-83.
Includes the December 1959 exchanges of Series 1948 F and G bonds
for 4-3/4$ marketable notes of 1964.
Includes the December 1960 exchanges of Series 1949 F and G bonds
for 4/G marketable bonds of 1969.
Includes the December 1961 exchanges of Series 1950 F and G bonds
for 3-7/8* marketable bonds of 1968, of which $300 million were
reported in December 1961, and $20 million in January 1962.
Represents changes in the amounts of redemptions not yet classified
*
between matured and unmatured issues.
Less than $500,000.
I
February
1% 2
59
.UNITED STATES SAVINGS BONES.
Table 5.- Sales and Redemptions by Denominations, Series E and H
y Combined
(In thousands of pieces)
Total all
denominations
$10 2/
$25
$50
$2oo -y
$100
$500
$1,000
$5,000
18
33
56
48
29
33
35
$10,000
j,/
Sales 6/
Fiscal years:
1941-53
1954 2/
1955 2/
1956
1957
1958
1959
1960
1961
1,043,208
56,903
55,164
56,719
56,327
54,908
52,895
52,972
53,453
235,707
15,686
16,374
18,784
20,256
21,043
20,108
20,220
20,434
171,665
8,810
9,315
10,090
9,969
9,824
9,477
9,208
9,273
7,059
854
884
929
851
893
798
774
789
23,242
1,411
1,578
1,608
1,320
1,304
1,212
1,165
1,201
23,866
1,708
1,945
1,854
1,396
1,413
1,340
1,230
1,299
,567 783
84 972
87 ,316
90 ,786
90 ,856
86 ,676
84 ,945
86 ,659
85 757
1,071,406
55,850
55,618
56,635
56,361
53,200
52,452
53,910
52,528
243,370
15,912
17,323
19,825
21,166
20,152
20,050
20,347
20,447
175,918
9,006
9,748
10,177
9,846
9,690
9,241
9,184
9,322
7,473
862
916
908
887
823
775
768
816
23,895
1,470
1,648
1,500
1,257
29
44
1,141
1,173
1,247
24,604
1,809
1,980
1,683
1,305
1,454
1,243
1,238
1,346
7 ,708
6 ,952
4,727
4,182
5,080
1,777
1,636
1,958
834
790
883
75
72
131
122
115
157
146
128
4
2
3
2
4
2
1,592
1,770
1,736
733
93
103
104
99
2
1
788
790
63
68
67
3
1
3
1
105
3
1
124
91
3
1
2
1
1,525,848
85,419
85,342
90,053
90,160
89,431
85,882
85,607
86,495
Calendar years:
1941-53
1954
1955
1956
1957
1958
1959
1960
1961
Months:
1961-January.
February.
.
March
8 247
April
May
6,618
7,275
21,076
77
1
,
if,
27
31
56
40
25
38
30
27
34
14
26
21
12
14
16
11
15
12
19
25
17
10
18
13
12
17
June
7.,444
4,030
4,443
4,652
July
August ....
September.
6,245
7,209
6,854
3,801
4,350
4,205
1,490
685
61
1,715
1,666
824
738
63
98
117
90
October. .
November.
December.
7,350
6,845
7,009
4,531
4,149
4,377
1,775
1,661
1,671
776
762
718
66
68
61
98
101
88
99
101
90
1,507,962
398,593
252,133
L4,227
34,632
36,660
323
144
10,245
Inception to date
2,265,749
21,076
76
97
96
Redemptions 6/
Fiscal years:
1941-53
1954 2/
1,048,924
90,387
89,749
89,953
93,175
93,452
88,647
90,748
87,935
17,568
263
349
429
321
231
177
144
104
768,330
62,941
61,049
60,014
60,612
59,880
56,036
56,796
56,140
151,281
15,084
15,650
16,503
18,165
19,467
13,598
19,507
19,279
89,638
9,480
9,914
9,925
10,590
10,433
10,394
10,634
9,489
2,309
357
396
537
633
639
675
1,092 ,799
92 ,340
88 ,700
90 ,109
96 ,384
88 902
90 ,083
798,959
63,850
59,640
59,520
61,695
57,080
56,389
57,420
52,617
158,581
15,643
15,887
17,036
19,777
94,205
9,858
9,842
9,986
10,961
10,075
10,696
2,481
373
454
581
666
627
82 749
17,702
277
424
371
280
197
161
125
87
7 ,295
6 ,907
7 ,590
9
9
9
4,571
4,458
4,818
1,578
1,475
1,675
845
734
832
59
50
8
June
6,872
6,931
7,368
4,323
4,403
4,672
1,542
1,538
1,642
766
753
805
54
52
55
July
August ....
September.
6,466
7,126
6,788
4,100
4,560
4,286
1,436
1,572
1,554
703
756
724
47
October. .
November.
December.
6,491
6,311
6,603
6
4,109
4,039
4,278
1,469
1,412
1,452
692
658
666
47
1,812,755
19,623
1,267,169
302,429
1^4,699
7,190
1955 2/
1956
1957
1958
1959
1960
1961
Calendar years:
1941-53
1954
1955
1956
1957
1958
1959
1960
90
MonUis:
1961-January.
February.
.
March
April
May
Inception to date
,691
7
7
6
5
18,2%
19,150
19,716
18,343
10,H1
8,935
725
635
722
676
609
55
52
49
44
44
20,781
3
1
3
1
2
1
5/
'
Treasury Bulletin
6o
.UTflTED STATES SAVINGS BONDS.
Table 6.- Sales by States, Series E and H
&
Combined
(In thousands of dollars at issue price)
1961
Inception
through
December 1961
April
Aug.
July
May
Sept.
3/
3,225
365
1,699
3,212
351
1,768
3,134
323
1,722
3,119
316
1,345
3,399
318
1,684
3,358
3,256
298
1,461
3,022
1,643
281
1,601
3,397
380
1,558
2,120
3,0U
1,839
22,099
2,802
1,624
21,349
2,535
1,631
21,595
2,669
1,604
22,410
2,567
1,679
24,380
2,996
1,639
19,819
2,476
1,598
23,185
3,139
21,647
2,519
6,003
1,464
3,601
5,165
1,422
3,503
5,248
1,570
2,701
5,658
1,278
2,458
5,238
1,245
3,442
5,230
1,285
2,744
4,895
1,568
2,710
5,073
1,472
3,795
5,320
1,444
2,722
7,452
3,469
828
6,348
3,341
780
6,294
3,217
823
5,879
3,131
801
5,570
3,212
832
6,072
3,327
856
6,789
3,273
877
5,389
3,103
850
5,915
3,383
813
5,395
3,299
800
912
39,264
13,591
834
33,932
11,421
702
34,991
11,015
549
509
28,630
9,657
27,437
10,023
641
28,085
9,793
675
29,319
9,763
648
29,243
10,242
519
25,880
8,973
629
27,315
10,045
28,793
10,111
3,027,657
1,786,563
1,200,101
19,728
9,757
5,643
14,544
8,474
4,929
15,174
7,648
4,953
11,136
6,015
3,810
9,872
5,886
3,980
10,095
6,000
4,274
10,221
6,128
4,789
9,901
6,972
4,602
8,851
5,764
4,134
9,206
5,532
4,243
10,234
6,828
4,248
Louisiana
Ma ine
Maryland
1,048,826
414,794
1,345,322
3,910
1,572
5,063
3,213
1,349
4,591
3,192
1,244
5,376
2,714
1,238
4,431
2,655
1,401
5,169
2,581
1,269
4,673
2,950
1,310
5,290
2,907
1,291
4,833
2,553
1,159
4,262
2,679
1,281
5,479
2,699
1,142
4,742
Massachusetts
Michigan
Minnesota
3,056,749
5,993,242
2,091,029
10,202
25,233
7,453
8,827
21,231
6,891
9,488
24,593
6,562
8,464
18,607
6,129
10,080
21,964
5,699
9,097
19,481
5,477
8,920
18,634
5,760
9,115
21,667
5,993
8,204
17,640
5,167
8,233
21,081
5,678
8,833
19,801
5,994
Mississippi
Missouri
Montana
626,196
3,044,095
545,852
2,255
14,853
2,313
1,923
12,294
2,116
1,605
13,070
1,889
1,505
10,430
1,546
1,522
11,079
1,474
1,332
11,064
1,330
1,558
11,980
1,364
1,451
11,348
1,338
1,380
10,442
1,404
1,287
1,635
1,381
9,934
1,682
Nebraska
Nevada
New Hampshire
1,724,662
128,786
254,165
13,105
678
902
8,981
606
858
9,180
509
904
6,898
405
819
6,782
340
6,545
616
793
6,5M
715
6,108
469
833
5,658
437
815
6,081
578
768
6,785
482
741
4,045,076
263,190
12,100,663
15,975
1,196
47, 144
14,619
1,334
36,904
15,339
1,112
37,417
13,324
847
39,287
15,010
1,055
39,433
14,011
951
36,276
M,029
1,009
38,595
15,093
1,071
43,007
13,236
1,147
32,378
14,492
1,007
40,127
14,993
1,029
41,259
North Carolina
North Dakota
Ohio
1,220,867
548,684
6,787,124
4,311
2,253
28,925
3,904
2,163
25,808
3,509
1,851
25,200
3,220
1,608
21,646
3,323
1,501
21,920
3,187
1,431
21,917
3,454
1,674
22,573
4,005
1,542
24,567
3,531
1,543
20,699
3,645
1,739
22,617
3,773
1,789
21,745
Oklahoma
Oregon
Pennsylvania
1,343,759
1,054,457
8,870,433
6,660
3,892
36,973
5,517
2,588
33,884
5,102
2,935
35,429
4,178
2,702
31,912
4,216
2,323
33,454
4,274
32 ,281
4,436
2,887
32,286
4,244
2,658
33,528
4,771
2,234
30,345
4,362
2,496
32,730
4,724
2,317
32,605
482,157
622,385
663,064
1,593
2,128
3,134
1,027
1,955
2,782
1,317
1,859
2,908
1,099
1,934
2,457
1,243
1,769
1,111
1,471
1,952
746
2,150
1,141
1,920
2,098
2,120
2,040
959
1,707
2,098
1,114
1,970
2,156
1,069
1,838
2,579
Tennessee
Texas
Utah
1,132,278
3,873,455
421,648
4,007
14,523
1,537
3,470
14,683
1,648
2,965
12,800
1,580
2,867
11,310
1,329
2,810
11,128
1,289
2,752
11,199
1,441
3,000
11,871
1,436
3,127
11,847
1,449
2,681
10,895
1,418
3,099
11,061
1,536
2,843
10,549
1,296
Vermont
Virginia
Washington
139,486
1,782,443
1,793,752
464
6,955
5,677
430
5,797
5,258
367
7,076
4,889
410
5,898
4,305
304
371
5,976
4,505
5,471
4,803
412
6,061
4,367
468
6,340
4,644
419
6,499
4,400
350
6,345
4,566
5,942
4,483
West Virginia
Wisconsin
Wyoming
1,095,716
2,468,081
212,432
4,868
10,659
695
4,267
9,042
4,161
7,756
3,704
8,799
616
4,153
8,114
661
3,745
7,387
736
3,787
7,464
655
3,847
8,191
763
3,798
7,361
520
3,999
7,847
524
3,861
7,708
578
64, 7U
205
204
6
192
223
178
271
235
5
3
197
220
7
176
98
4
133
128
39
229
185
6
179
136
4
195
183
4
5
322
92
14
+10,798
+33,527
+49,579
+10,340
+28,261
+35,387
"84
+33,567
+25 ,269
+25,861
+15,013
455,706
415,542
434,666
348,270
370,691
369,604
342,253
393,090
338,847
369,732
357,904
802
3,615
225
2,059
265
2,054
640,642
7,485,524
828,945
2,398
28,156
3,291
2,140
24,801
3,203
24,342
Connecticut
Delaware
District of Columbia
1,686,273
278,999
1,154,582
6,023
1,424
3,497
4,835
1,552
2,425
Florida
Georgia
Hawaii
1,379,007
1,188,985
419,874
8,545
4,184
1,073
Idaho
Illinois
Indiana
272,921
8,854,176
3,052,608
Iowa
Kansas
Kentucky
Alabama
Alaska
Arizona
1,066,558
45,437 2/
394,605
Arkansas
California
Colorado
New Jersey
New Mexico
New York
Rhode Island
South Carolina
South Dakota
Canal Zone
Puerto Rico
Virgin Islands
Adjustment to daily
Treasury statement.
59,706
2,955
+3,082,154
109,167,854
V
3
.
-
Daily Treasury statement and reports from Federal Reserve Banks.
Source:
1/ Sales of Series H began June 1, 19.52.
Figures Include exchanges of minor amounts of Series F and J bonds
for Series H bonds beginning January 1960; however, they exclude
exchanges of Series E bonds for Series H bonds.
2/ Excludes data for period April 1947 through December 1956,- when
2/
4/
432
903
495
126
-
1
,
460
502
l..
,796
1,602
591
379
reports were not available.
In previous issues of the Bulletin,
data for period May 1941 through March 1947 were included in
"Other possessions," and data for calendar years 1957 and 1958
were included in "adjustment to daily Treasury statement."
Includes a small amount for other possessions.
!
February 1962
61
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U. S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
month
Held by U. S. Government
investment accounts 2/
Total
outstanding
1/
Public
Issues
Special
issues
1954
1955
1956
1957
1958
274,418
272,825
270,634
276,444
268,910
271,741
269,883
268,486
274,698
49,340
50,536
53,470
55,501
55,842
7,111
7,286
8,356
8,674
9,596
42,229
43,250
1959
1960
1961
284,817
286,471
289,211
281,833
283,241
285,672
54,554
55,259
56,002
1960-December.
290,373
286,820
54,985
271, 341
1961- January.
February.
March.
.
.
April
May
June
Public
marketable
issues
Public
nonmarketable
issues
Total
S.
80
43
46,827
46,246
72,762
69,723
66,351
62,770
58,825
106
101
9,799
10,360
10,959
44,756
44,899
45,043
26,044
26,523
27,253
201,235
201,459
202,417
144,983
149,546
151,392
56,252
51,913
51,025
110
139
240
10,639
44,346
27,384
204,451
153,515
205,596
206,119
202,581
45, 114
U.
outGovernment
standing investment
accounts 2/
121,771
127,875
126,304
127,179
134,593
80
41
and
debt
bearing
no
interest
2,351
2,634
2,869
2,042
1,646
25
50
48
54
46
63
79
87
153
2,873
3,090
3,300
50,936
74
3,397
154,604
155,077
151,525
50,992
51,041
51,056
159
195
210
83
86
76
108
85
125
3,386
3,356
3,414
88
86
131
139
153
3,357
3,301
3,300
73
56
47
60
290,196
290,740
287,682
286,651
287,190
284,058
54,485
54,404
54,788
10,661
10,677
10,788
43,824
43,727
44,001
288,206
290,371
289,211
284,631
286,845
285,672
53,877
55,429
56,002
10,865
10,926
10,959
43,012
44,503
45,043
26,772
26,887
27,253
203,982
204,529
202,417
152,985
153,543
151,392
50,997
50,986
51,025
218
225
240
87
44,198
45,573
45,007
27,422
27,697
27,799
206,448
206,579
207,160
155,379
155,063
155,741
51,069
51,516
51,419
237
248
270
87
88
94
151
161
177
3,407
3,057
2,978
43,890
44,217
43,520
t,26fl
209,545
209,094
209,402
158,378
157,763
158,600
51,166
51,331
50,803
298
314
330
112
187
200
211
2,952
3,407
3,480
293,964
294,020
290,65.9
55,128
56,383
290,773
55,
8H
10,931
10,810
10,807
October.
November.
December.
295,959
297,325
296,499
292,709
293,604
292,689
54,897
55,299
54,406
11,006
11,082
10,886
Source:
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government
.
29,210
28,881
3j
4/
*
114
1
IS
agencies whose Investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors
is calculated by deducting from the total amount outstanding the amount
held by U. S. Government investment accounts and Federal Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Less than *500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
3
Held by
private
investors
26,570
26,667
26,688
288,998
.
Held by
194,533
197,598
192,655
189,949
193,418
292.,643
.
Held by
Federal
Reserve
Banks public
Issues
Matured
debt
Held by private
investors 2/
25,037
23,607
23,758
23,035
25,438
July
August
September
.
Interest-bearing securities guaranteed by the U. S. Government 4/
.. ..
.
73
5
.
2
1
Treasury Bulletin
62
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
J
(l
ar values 1/ in billions of dollars)
Held by private nonbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
U.
Jommer-
cial
banks
S.
Individuals ij
Federal Government
Reserve Investment
accounts
Banks
Savings bonds
Total
3/
6.5
22.7
7.1
7.6
22.8
23.9
10.1
10.6
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
59.4
71.5
52.2
59.9
7.2
11.5
14.3
16.9
202.6
232.1
83.3
96.5
68.4
77.7
14.9
18.8
19.1
259.1
278.7
106.0
115.0
84.2
90.8
1946-Feb. 8/.
June ....
Dec
279.8
269.9
259.5
116.7
108.2
97.9
93.8
1947- June
Dec
258.4
257.0
1948- June
Dec
1939-Dec
47.6
18.4
15.9
48.5
50.9
L8.6
2.5
19.5
16.1
17.3
55.3
64.3
21.8
23.7
19.7
21.4
.
77.0
112.5
28.7
47.3
194 3- June.
140.8
1
.
O-June.
1941-June.
.
Series
E and H
.2
Other
Series 2
Other
secu-
Insurance
companies
rities
State and
Mutua
Corpora- local
savings
tions 6/ governbanks
ments
1.9
8.2
6.3
3.1
2.2
.4
2.6
7.5
7.8
6.5
3.1
3.2
2.1
2.0
.4
7.1
8.2
2.0
4.0
.6
.7
9.2
11.3
4.9
10.1
.5
i.l
3.4
4.2
23.7
3.7
6.9
5.4
6.5
10.3
67.0
81.7
30.9
37.6
11.3
7.9
8.7
11.7
12.9
13.1
16.0
L5.1
6.1
100.2
114.0
46.1
53.3
21.1
25.5
10.7
14.9
17.1
17.3
19.6
7.3
8.3
20.2
21.7
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
6.7
6.5
6.3
91.9
91.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
24.6
23.9
12.1
19.4
12.0
13.7
14.1
252.4
252.9
85.9
85.8
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
1...8
1949- June
Dec
252.8
257.2
82.4
85.7
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
1950-June
Dec
257.4
256.7
83.9
82.6
65.6
61.8
18.3
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
20.8
19.7
8.7
8.8
1951-June
Dec
255.3
259.5
81.4
85.4
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34-5
34.7
K.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
1952- June
Dec
259.2
267.4
84.0
88.1
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
34-9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
10.4
65.2
19.9
11.1
1953-June
Dec
266.1
275.2
83.6
89.6
58.8
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
63.7
24.7
25.9
18.6
21.5
12.0
12.7
1954- June.
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
16.6
19.2
13.9
14.4
274.4
280.8
87.1
86.8
63.5
23.6
24.8
50.5
51.7
136.7
65.0
64.7
39.3
40.1
10.9
14.8
10.
14.5
15.0
14.6
8.7
62.0
8.5
18.8
23.5
14.7
15.4
272.8
276.7
81.0
84.4
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
270.6
275.0
79.2
83.7
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
276.4
283.0
90.7
93.9
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
284.8
290.9
87.6
86.9
61.
65.4
68.2
42.6
42.4
18.4
53.7
142.6
150.3
4.5
60.3
26.0
26.6
54.6
Dec.
3.5
22.3
12.6
12.5
7.3
6.9
20.7
22.6
16.9
18.0
1960- June.
286.5
55.3
26.5
55.3
149.3
68.4
42.5
3.1
July.
Aug.
Sept.
288.5
288.8
288.6
84.2
84.2
85.6
57.4
57.5
58.6
26.9
26.8
27.0
54.8
55.9
55.5
149.4
148.6
147.4
68.1
67.7
67.8
42.6
42.6
3.0
3.0
2.9
22.5
22.1
22.2
12.0
12.0
12.0
6.5
6.6
6.5
21.1
20.4
42.7
19.3
18.7
18.5
18.3
Oct.
Nov.
Dec.
290.6
290.6
290.4
88.8
88.7
89.5
61.4
61.2
62.1
27.4
27.5
27.4
55.0
55.4
55.1
146.9
146.4
M5.8
66.6
66.5
65.6
42.7
42.8
42.9
2.9
2.8
2.7
20.9
20.8
20.0
11.9
11.9
11.9
6.4
6.3
6.3
20.1
20.6
19.7
18.3
18.3
18.2
1961-Jan.
Feb.
Mar.
290.2
290.7
287.7
89.3
88.6
86.4
62.7
61.9
59.7
26.6
26.7
26.7
54.6
54.5
54.9
146.4
147.7
146.4
65.7
65.8
65.9
43.1
43.2
43.3
2.7
2.7
2.6
19.9
19.9
20.0
11.9
11.8
11.7
6.3
6.4
6.6
20.1
21.2
19.5
18.5
18.7
April.
May.
June.
288.2
290.4
289.2
88.5
61.7
62.1
62.5
26.8
26.9
27.3
54.0
89.0
89.8
145.7
145.8
64.9
64.7
64.3
43.4
43.5
43.6
2.6
2.5
2.5
19.0
18.7
18.3
11.6
11.6
11.4
6.3
6.3
6.3
20.5
21.2
19.4
18.5
18.5
18.7
July,
Aug..
Sept
292.6
294.0
294.0
92.9
92.8
94.4
65.5
65.1
66.6
27.4
27.7
27.8
Oct
Nov
296.0
297.3
95.5
96.1
96.1
67.3
66.9
67.2
28.3
29.2
28.9
Dec.
1942- June.
Dec.
Dec.
1944- June.
Dec.
1945-June.
Dec.
Dec.
1955-June.
Dec.
1956- June.
Dec.
1957- June.
Dec.
1958-June.
Dec.
1959- June.
.
.
Deep.
.
2%.
55.5
56.1
U3.
17.8
ic .:
8.7
9.2
12.9
16.4
1.'
2.1
3.2
4.3
.
.
7.3
.'
55.2
56.5
144.
55.9
143.7
64.8
65.2
65.3
43.7
43.8
43.9
2.4
2.4
2.4
18.6
19.0
19.0
11.5
11.5
11.5
6.3
6.3
6.3
19.5
19.8
18.4
18.7
18.6
18.5
55.0
55.4
145.4
145.8
145.9
65.3
65.5
65.7
44.0
44.1
44.2
2.4
2.4
2.2
19.0
19.0
19.3
11.6
11.5
11.4
6.2
6.2
6.1
19.4
20.3
19.7
18.4
18.2
18.2
M4.5
54.5
Source:
Office of Debt Analysis in the Office of the Seer
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
"}/
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.
'
5/
u
8/
P
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
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.
Immediate postwar debt peak.
Preliminary.
February 1962
63
.THEASUKT SURVEY OF OWNERSHIP, DECEMBER 31, 1961.
The monthly Treasury Survey of Ownership covers secu-
tions In the September i960 Bulletin.
Beginning with this
rities Issued by the United States Government and by Fed-
Issue, data for State and local governments are published
eral agencies. The banks and Insurance companies Included
as part of the regular monthly Survey.
In the Survey account for about 95 percent, corporations and
and State
Holdings by commercial banks distributed according to
and local governments for about 60 percent of all such
Federal Reserve member-bank classes and nonmember banks are
savings and loan associations for about half,
securities held by these respective classes of Investors
In the
United States.
Data for banks and Insurance com-
panies were first published In the Hay
l^l
Treasury Bul-
published for June 30 and December 31.
Holdings by cor-
porate pension trust funds are published quarterly, first
appearing In the March I95U Bulletin.
letin =md for corporations and savings and loan associa-
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
Treasury Bulletin
6U-
.THEASUHI SUHTEY OF OWNEBSHIP, DECEMBER 31, 1961.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - In millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
6,237
512
Total
commer- mutual
amount
savings
outstand- cial
banks
banks
ing
Treasury bills:
Regular weekly:
Jan.
1962 - Mar. 1962
Apr.
1962 - June 1962
Tax anticipation:
Mar.
1962
June 1962
2/2/
304
life
2/
22,215
7,706
4,126
1,693
3,503
2,511
1,062
1,097
1,502
2,000
2,004
2,003
171
357
629
826
14
14
29
43,444
9,962
181
84
19
518 fire.
casualty.
and
marine
State and local
governments
439
savings 488
188
and loan corpo298
pension
associa rations general
and
funds
tions
retirement
funds
60
28
178
87
47
12
16
10
15
13
2,274
885
1,642
370
1,054
583
33
56
91
183
164
232
142
102
140
5,466
2,517
134
10
Govern
ment investment accounts
and Federal
Reserve Banks
U.
S.
Held by
all
other
investors
y
2,213
659
11,417
3,982
148
,153
76
659
172
282
186
196
876
1,023
824
662
J32
20,59!
Other:
Jan.
Apr.
July
Oct.
1962
1962
1962
1962
Total Treasury bills
9
19
20
9
9
133
13
14
11
309
Certificates of indebtedness:
May
1962-A
1&
5,509
Treasury notes:
3-5/8* Feb.
1962-A
Feb.
1962-D
Feb.
3-1/4
1962-F
647
1,435
9,098
1962-E
1962-B
1962-G
1,011
74
Aug.
Aug.
158
7,325
92
1,676
1
3
2
106
36
Nov.
Nov.
Feb.
1962-C
1962-H
1963-A
578
979
1,896
51
6,082
2,839
3-1/4
Feb.
1963-F.
3-1/4
May
May
1963-B
1963-D
3,643
1,743
5,047
4-7/8
3-3/4
4-3/4
Nov.
May
May
1963-C
1964-D
1964-A
Aug.
Aug.
Nov.
1964-B
1964-F
1964-0
May
Apr.
Oct.
1965-A
1962-EA
1962-EO
551
85
590
130
1-1/2
1-1/2
1-1/2
Apr.
Oct.
Apr.
1963-EA
1963-EO
1964-EA
533
506
244
283
253
1-1/;
1-1/2
1-1/2
Apr.
Oct.
1965-EA
1965-EO
1-1/2
Apr.
Oct.
1966-EA
1966-EO
May
4
3-3A
2-5/8
5
3-3/4
4-7/8
1-1/2
-
Total
>4-B0
*.es
Treasury bonds:
2-1/4* June 1959-62
2-1/4
Dec.
1959-62
Dec.
2-3/4
1960-65 137
225
532
1,925
46
77
21
1,971
694
2,666
70
59
69
36
29
3,011
3,893
4,933
1,011
2,115
580
149
87
98
2,316
5,019
4,195
319
2,077
789
96
88
147
10
675
Wl
19
315
199
179
187
10
29
29
193
I
.
69
i3
26
4,860
77
174
204
22
13
30
28
50
2
35
332
237
110
217
41
2
4
3,380
164
1,164
495
414
15
58
75
36
1
26
90
71
985
763
1,002
100
39
22
32
73
31
30
20
12
2
51
72
55
13
54
39
17
25
31
164
45
83
36
24
18
63
17
37
23
56
19
40
109
89
66
7
69
10
28
25
9
81
98
23
99
13
12
26
7
71,526
23,639
450
1,303
647
3,163
1,417
3,964
2,271
1,485
1,196
804
1,337
46
12
10
*
27
17
843
231
*
173
112
25
198
19
2
5
90
42
202
9
6
44
78
193
169
54
2
4H
66
142
285
109
117
541
2,797
588
3
Feb.
June
Dec.
1964
2-1/2
2-1/2
3,854
2,636
2,553
2,283
668
618
2-5/8
2-l/2
2-1/2
Feb.
Mar.
Mar.
1965
1965-70
1966-71
6,896
2,427
1,417
3,683
357
133
124
195
3-3/4
May
3
3-3/8
Aug.
Nov.
1966
1966
1966
3,599
1,484
2,438
2-1/2
2-l/2
3-5/8
June 1967-72
Sept. 1967-72
Nov.
1967
1,759
2,716
3,604
359
25
747
167
159
10
144
104
90
162
77
77
*
218
1,463
1,538
942
734
1
58
4,317
1,818
193
1,701
2,291
1
211
10
37
947
1,470
1,063
1,193
2
4
675
92
1963
1963-68
158
637
48
1,343
284
2,840
2
33
1962-67
9
72
4
1
5
3,702
20
50
1
10
16
153
12
68
22
4
209
652
1,468
34
85
70
26
12
-
132
65
U9
54
-
1.
519
6
17
1
June
Aug.
Dec.
Footnotes at end of Tatle 4.
1
10
45
35
2-1/2
2-1/2
2-1/2
1964-69
1964-69
57
5
40
77
51
63
490
466
32
376
30
457
16
6
12
34
*
84
1
21,349
17,811
528
409
915
599
115
32
19
109
17
90
15
175
32
1,0U
67
15
32
17
227
458
52
H
109
101
85
78
62
44
97
7
35
53
161
464
519
1,066
661
672
157
291
117
139
48
159
4
122
76
38
1
39
65
37
805
759
380
1,516
663
133
101
62
68
2,058
822
1,364
135
41
51
21
90
21
2
33
89
83
62
63
19
25
21
29
4
9
23
176
138
150
985
354
631
242
1,120
1,303
127
133
L47
82
34
51
73
3
110
118
136
92
146
2
20
39
79
87
89
38
182
360
718
803
730
974
39
19
44
(Continued on following page)
7
3
9
502
430
Memorandum:
Held by
13,361
corporate
pension
trust funds
5/
February 1962
65
.THEASOHT SUW/EX OF OWNERSHIP, DECEMBER 31, 1961.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
Teasury bonds
2-1/2? Dec.
3-7/8
May
3-7/8
Oct.
Nov.
-.-1/4
May
3-1/4
4
3-1/2
June
Feb.
Nov.
3-1/4
May
-1/2
Feb.
Feb.
Nov.
(Continued):
1967-72.
1968
1969
1974....
512
mutual
savings
banks
304
life
2/
518 fire,
casualty,
and
marine
3,523
2,440
1,423
1,176
135
673
163
113
122
149
94
85
173
28
26
45
108
107
83
61
50
93
31
51
470
11
35
17
6
34
26
56
13
37
22
26
1975-85.
1978-83.
1980
1980
1,595
884
1,918
54
9
99
20
94
28
167
97
432
1985
1990
1995.
1998
1,132
4,017
2,676
3,529
119
121
49
71
48
455
149
575
182
963
211
1,004
25
81
21
106
137
69
68
75,486
23,518
4,180
4,097
2,656
1,933
32
16
19
4,716
4,352
2,779
. .
Total Treasury bonds...
[
6,237
commer
cial
banks
2/ 2/
489
savings
and loan
associations
juaranteed securities 9/
public marketable
securities
330
35
State and local
governments
488
corpo- 298
rations genera
funds
1,543
193
63
178
57
15
42
55
84
40
205
27
92
124
403
210
101
130
186
173
180
174
667
771
455
2,454
Toi.al
196,294
59,122
5,910
188
pension
and
retirement
funds
6,536
3
Held by
U. S. Governall
ment investother
ment accounts
invesand Federal
tors 4/
Reserve Banks
Memorandum:
Held by
13,361
corporate
pension
trust funds
5/
288
377
203
350
2,206
917
34
31
775
351
29
18
114
174
104
676
136
554
348
275
10
41
22
18
157
791
177
671
191
614
1,035
484
68
61
6
12
66
Treasury Bulletin*
.TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1961.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
February 1962
67
.TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1961.
For over a year the Treasury has been receiving reports from State and local governments on their holdings
units In the United States.
of the Treasury Bulletin,
Beginning with this Issue
data for this Investor group
These reports
are published as part of the regular monthly Treasury
cover approximately three-fourths of the securities held
by pension and retirement funds and over half of those
Survey of Ownership. In the following tables, data received
of United States Government securities.
held by the general funds of State and local governmental
for the months December i960 through November 1961 are summarized by type of security and by maturity distribution.
Table I.- Summary of Interest-Bearing Securities Issued or Guaranteed by the United States Government,
Held by State and Local Government General Purpose Funds Covered In the Treasury Survey
(Par values - in millions of dollars)
Classification
68
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, DECEMBER 31, 1961.
Table 3.- Summary of Interest-Bearing Securities Issued or Guaranteed by the Un lted States Government,
Held by State and Local Government Pension and Retirement Funds Covered in the Treasury
Survey
(Par values - In millions of dollars)
Classification
\
February 1962
69
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1961.
The tables which follow provide an analysis of the
(security holdings of commercial banks reporting In the
Treasury survey of ownership of securities Issued by the
limited States Government and by Federal agencies. The
;flgures show the total holdings distributed according to
Federal Reserve member-bank classes and nonmember banks.
Section
I
-
This analysis of commercial bank ownership W2s first
published in the May 19^ issue of the "Treasury Bulletin,
I* nas
based on the survey data for December 31, 19^3-
appeared at semiannual or quarterly Intervals since that
time,
and Is now being published for the June 30 and De-
cember 31 survey data.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table I.- Summary of All Securities
(Par values - in millions of dollars)
Footnotes at end of Table 4.
.
Treasury Bulletm
70
.
Section
I
-
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1961
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues
(Par values - in millions of dollars)
Federal Reserve member banks
Held by
6,237
commercial
banks 1/
Treasury bills:
Regular weekly:
January
April
Tax anticij
1962 - March 1962
1962 - June
1962
4,126
1,693
March
June
1962
1962
1,097
January
April
July
October
1962
1962
1962
1962
23 Central reserve city
3,997
member
banks
Total New
York City
and Chicago
14
New York
City
9
Chicago
203
reserve
city
3,771
country
511
826
412
688
99
138
1,278
1,515
290
1,621
399
977
998
446
251
426
206
21
46
298
452
233
295
171
357
629
826
147
16
94
232
39
82
262
9
67
179
165
210
369
92
127
136
134
9,962
8,692
,638
2,152
3,018
3,036
742
505
100
232
638
1,409
!
6S
L,
Other:
Total Treasury bills
Certificates of indebtedness:
toy
1962-A
3?
304
578
765
2
1,787
6
26
53
97
95
Treasury notes:
!-5/8Jt
4
3-1/4
4
4
1-1/1,
3-3A
3-1/4
2-5/8
3-1/4
4
3-1/4
4-7/8
3-3/4
4-3/4
5
3-3/4
4-7/8
February
February
February
1962-A
1962-D
1962-F
225
532
1,925
177
387
1,673
23
22
33
35
23
231
145
13
86
120
805
May
August
August
1962-E
1962-B
1962-C
1,011
92
1,676
863
123
4
413
74
3
1
1
12
1,511
326
267
60
668
327
59
516
November
November
February
1962-C
1962-H
1963-A
578
979
7
41
13
239
364
808
232
341
709
February
May
May
1963-F.
1963-B
1963-D
November
May
May
August
August
November
45
489
19
12
834
1,713
128
197
87
183
1,971
694
2,666
1,799
580
2,397
478
60
520
402
42
387
1963-C
1964-D
1964-A
1,011
2,115
580
855
73
58
1,757
450
224
10
160
1964-B
1964-E
1964-C
319
2,077
789
249
1,839
27
425
78
27
i
.
3
K
705
4-5/8
May
1-1/2
1-1/2
April
October
1965-A
1962-EA
1962-EO
b75
85
130
557
70
110
1-1/2
1-1/2
1-1/2
April
October
April
1963-EA
1963-EO
1964-EA
244
283
253
217
263
226
13
58
58
1-1/2
1-1/2
1-1/2
October
April
October
1964-EO
1965-EA
1965-EO
199
179
187
177
158
173
35
30
1-1/2
1-1/2
April
October
1966-EA
1966-EU
211
Total Treasury notes
Treasury bonds:
2-1/4*
June
2- 1/4
December
December
2-3/4
119
1959-62
1959-62
1960-65 8/
3
385
33
10
36
48
75
18
134
14
63
7
709
45
ja}
317
47
62
92
122
93
53
1
5
5
57
68
115
60
75
97
20
32
3
2,545
1,196
804
1,337
1,065
741
1,273
263
213
509
254
181
291
450
2,505
519
74
32
585
57
84
51
8,645
10
218
416
273
463
386
255
301
464
28
42
121
29
138
960
247
239
960
215
89
124
103
66
121
95
23
3
8
729
199
239
1,083
255
212
1,249
110
41
1,307
140
53
582
308
441
871
356
639
137
312
282
79
521
664
31
541
1963
1963-68
2,797
3
2-1/2
2-1/2
February
June
December
1964
1964-69
1964-69
2,283
668
618
1,901
578
2-5/8
2-1/2
2-1/2
February
March
March
1965
3,683
357
133
3,254
297
108
698
47
14
590
47
13
3-3/4
1966
1966
1966
2,058
1,768
710
1,151
315
229
47
40
7
3-3/8
May
August
November
71
45
26
2-1/2
2-1/2
3-5/8
June
1967-7?
September 1967-72
November 1967
1
#
147
115
4.
181
16
34
1962-67
Footnotes at end of Table
16
25
3,285
217
L
706
264
83
76
20,549
242
1,120
1,303
'0
112
58
822
1,364
l
40
June
August
December
3
386
992
289
c
85
2-1/2
2-1/2
2-1/2
1965-70
1966-71
396
542
3
23,639
554
544
313
800
22
10
192
52
588
777
207
1,077
147
141
(Continued on following page)
87
February 1962
7i
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1961
Section
I
-
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Federal Reserve member banks
23 Central reserve city
Held by
6,237
commercial
banks l/
3,997
member
banks
Total New
York City
and Chicago
U
New York
City
9
Chicago
203
reserve
city
Treasury bonds - (Continued):
2-1/2SS
December
3-7/8
May
October
1967-72
1968
1969
3-7/8
November
1974
4-1/4
3-1/4
May
1975-85
1978-83
1980
1980
4
4
3-1/2
June
February
November
3
May
February
February
3-1/2
November
3-1/4
3-1/2
1985
1990
1995
1998
Total Treasury bonds
135
98
673
163
113
133
99
4
102
4
86
3
3
24
10
16
26
130
28
14
35
2
94
10
30
16
86
119
121
49
71
98
111
38
48
28
13
27
28
13
1
1
25
12
11
23,518
20,497
3,678
2,906
7,465
59, 122
51,572
11
35
20
5
2
34
48
Guaranteed securities 4/
Total public marketable securities
572
8,059
2,092
3,771
country
2,240
nonmember
banks
72
Treasury Bulletin
.TREASURY SURVEY - COMMERCIAL
Section
-
II
BAM
OWNERSHIP, DECEMBER 31, 1961
In terest-Bearlng Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Held by
6,237
commercial
banks 1/ 9/
Banks for cooperatives:
February
2.95%
1962
3.15
April
1962
June
3.05
1962
(Debentures).
(Debentures).
(Debentures).
3,997
member
banks
37
43
37
28
(Notes)
(Notes)
(Notes)
38
45
25
30
36
18
(Notes)
(Notes)
(Notes)
(Bonds)
133
57
68
79
118
46
57
66
446
372
31
30
Total banks for cooperatives securities.
Federal home loan banks: 10/
3.1056
January
1962
February
3
1962
March
3
1962
3.15
3.05
3
3-1/8
April
May
June
April
1962
1962
1962
1963
Total Federal home loan bank securities.
Federal intermediate credit banks:
Debentures
Federal land banks: 11/
3-3/8?
February
1962
(Bonds).
(Bonds).
(Bonds )
30
17
11
20
1962
1962
1962
1963
1963
(Bonds).
(Bonds).
(Bonds).
31
February
May
29
64
21
24
53
April
October
October
1964
1964
1965
(Bonds).
(Bonds )
(Bonds).
December
February
4
May
4-7/8
August
3-1/4
3-5/8
2-3/4
4-1/2
4
4
4
356
October
3-5/8
3-1/4
May
1965
1966
1966
(Bonds).
(Bonds).
(Bonds).
4-1/4
4-1/8
4-1/2
July
February
October
1966
1967-72
1967-70
(Bonds).
(Bonds).
(Bonds).
4-1/4
4-3/8
4-5/8
March
March
July
1968
1969
1969
(Bonds).
(Bonds).
(Bonds).
5-1/8
3-1/2
5-1/8
February
April
July
1970
1970
1970
(Bonds).
(Bonds).
(Bonds)..
3-1/2
3-7/8
May
1971
1972
(Bonds )
(Bonds).
September
.
Total Federal land bank" securities.
Federal National Mortgage Association:
Discount notes.
3-1/2%
February
1962
(Debentures )
4-7/8
September 1962 (Debentures).
3-1/4
March
November
19
446
7
48
12
1963
1963
1964
(Debentures).
(Debentures )
(Debentures).
41
15
June
1964
1964
1965
(Debentures).
(Debentures )
(Debentures).
34
34
13
4-1/8
3-5/8
4-3/8
December
March
April
1966
1968
1969
(Debentures )
(Debentures).
(Debentures).
19
14
4
4-5/8
4-1/8
4-1/8
April
September
August
1970
1970
1971
(Debentures).
(Debentures).
(Debentures )
4
4-1/2
5-1/8
4-3/8
4-1/4
September
February
June
June
1971
1972
1972
1973
(Debentures )
(Debentures).
(Debentures).
(Debentures).
2
2
4-1/8
3-5/8
4
3-7/8
4-3/8
May
September
December
Total Federal National Mortgage Association securities
Tennessee Valley Authority:
4.40*
November
1985
4-5/8
July
1986
(Bonds).
(Bonds).
Total Tennessee Valley Authority
securities
Footnotes on preceding page.
31
9
6
4
8
307
13
9
February 1962
73
MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1962
Current market auotatlonG shown here are over-the-
counter closing bid quotations In the Hew York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
marketable securities issued by the United States GovernOutstanding Issues which are guaranteed by the
ment.
United States Government are excluded because they are
not regularly quoted In the market.
The securities listed Include all regularly quoted public
Table I.- Treasury Bills (Taxable!
Amount outstanding (millions)
Bank discount
Issue date
Maturity
Change from
last month
date
26- week
13- week
13- week
26- week
Regular weekly bills
-
y
11/2/61
11/9/61
11/16/61
11/24/61
8/3/61
8/10/61
8/17/61
8/24/61
2/1/62
2/8/62
2/15/62
2/23/62
1,100
1,102
1,101
1,105
1,102
600
8/31/61
9/7/61
9/14/61
9/21/61
9/28/61
3/1/62
601
600
600
11/30/61
12/7/61
12/14/61
12/21/61
12/28/61
3/15/62
3/22/62
3/29/62
1,101
1,101
1,102
1,102
600
600
600
600
1/4/62
1/11/62
1/18/62
1/25/62
10/5/61
10/13/61
10/19/61
10/26/61
4/5/62
4/12/62
4/19/62
4/26/62
2.64
2.68
2.69
2.69
.06
600
500
600
601
600
2/1/62
11/2/61
11/9/61
11/16/61
11/24/61
11/30/61
5/3/62
5/10/62
5/17/62
5/24/62
5/31/62
2.73
2.74
2.76
2.76
2.77
.13
.12
1,205
1,100
1,100
595
Footnotes at end of Table
Bank discount
Issue
date
Maturity
Change from
last month
date
Regular weekly bills - 26 weeks
13 and 26 weeks
«600
600
600
600
*1,100
Amount
outstanding
(millions)
2.30*
2.28
2.38
3/8/62.
.28*
.30
*601
601
602
.24
601
.20
.11
.08
600
600
600
600
.05
.04
6/21/62
6/28/62
2.80*
2.81
2.83
2.86
1/18/62
1/25/62
7/5/62
7/12/62
7/19/62
7/26/62
2.88
2.89
2.91
2.92
2/1/62
8/2/62
2.94
12/7/61
12/14/61
12/21/61
12/28/61
1/4/62
l/H/62
.10
.11
.10
-.07*
-.06
-.06
-.05
Tax anticipation bills
.07
.11
.12
6/7/62
6/U/61
*3,503
2,511
7/26/61
9/27/61
3/23/62
6/22/62
2.61*
2.85
.06*
2.69*
2.90
.11*
.06
.01
.05
Other bills
«2,000
2,004
2,003
2,001
4/15/61
7/15/61
10/16/61
1/15/62
4/15/62
7/15/62
10/15/62
1/15/63
3.04
3.27
5.
Table 2.- Certificates of Indebtedness (Taxable)
(Price decimals are 32nds)
Amount
outstanding
(millions)
$5,509
Description
j%
5/15/62-A
Issue
date
Change from
last month
5/15/61
Table 3.- Treasury Notes (Taxable)
(Price decimals are 32nds)
To maturity
2.76%
Change from
last month
2A%
7*
Treasury Bulletin
,
Amount
outstanding
(millions)
»3,964
2,271
4,317
3,854
2-1/4*
2-1/4
2-1/2
3
6,896
3,597
2-5/8
3-3/4
1,484
3
2,438
1,463
3-3/8
2-1/2
3,604
2,460
1,818
2,636
2,538
3-5/8
3-7/8
2-1/2
2-1/2
2,553
4
MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY
31, 1962
l
February 1962
75
MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1962
o
Id
O
cc
00 UJ
o> 0-
CM
<£>
ro
o
_i
UJ
>-
76
Treasury Bulletin
.AVERAGE YIELDS OF LONG-TERM BONDS.
Table I.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Annual series
1942
1943
1944
1945
1946
1947
1948
2.83
2.73
2.72
2.62
2.53
2.61
2.82
,46
47
48
37
19
25
44
Treasury
bonds 1/
Period
-
2.97 2/
3.11
3.13
3.23
3.34
3.40
Trea sury
bonds 1/
calendar year averages of monthly series
1949.
1950.
1951.
1952.
1953.
1954.
1955.
62
-.7
94
55
86
96
20
90
2.84
3.06
,68
1956-April.
May...
June.
-
3.08
3.47
3.43
4.08
4.02
3.90
66
31
32
Monthly series
1953-April
May
June
Moody's Aaa
corporate
bonds
1957.
1958.
1959.
1960.
1961.
averages of daily series
3.07
2.97
2.93
3.24
3.28
3.27
June.
4.01
4.08
4.09
1959-April.
May...
July
August
September
3.02
3.02
2.98
3.28
3.24
3.29
July
August ....
September.
3.00
3.17
3.21
3.28
3.43
3.56
July
August ....
September.
4.11
4.10
4.26
October.
November
December.
2.83
2.86
2.79 2/
3.16
3.11
3.13
October.
November.
December.
3.20
3.30
3.40
3.59
3.69
3.75
October.
November.
December.
4.11 1/
4.12
4.27
2.69
2.62
2.53
3.06
2.95
2.86
1957-January.
February.
March
3.34
3.22
3.26
3.77
3.67
3.66
48
2.85
2.88
2.90
April.
May.
June.
3.32
3.40
3.58
3.67
3.74
3.91
April.
May...
June.
4.18 2/
4.16
3.98
2.89
2.87
2.89
July
August ....
September.
3.60
3.63
3.66 2/
3.99
4.10
July
August ....
September.
3.86
3.79
3.84 2/
2.87
2.89
2.90
October.
November.
December.
3.57 2/
3.30 1/
October.
November
December.
3.91
3-93
3.88
1958-January.
February.
March
1961-January.
February.
3.89
3.81
3.78
.
.
1954-January.
February.
March.
April
2.
May
2, 54
June
2, 55
2/
.
.
.
July
August
September
47
October.
November.
December.
2.54
2.57
2.59 2/
1955-January.
February.
March
2.68 2/
2.78
2.78 2/
2.93
2.99
3.01
3.04
3.05
April.
May...
June
2.82
2.81
2.82
July
August
September,
2.91
2.95
2.92
3.06
3.11
3.13
October.
November.
December.
2.87
2.89
2.91
3.10
3.10
1956-January.
February.
2.88
2.85
.
April
May
.
.
March
48
52
3.02
3.15
_
3.11
3.08
3.10
.
3.73
3.24 2/
3.28
y
1960-January.
February
March.
4.37
4.22
4.08
.
4.12
4.10
4.08
.
.
3.81
S.25
3.60
3.59
3.63
3.12
3.14
3.20 2/
3.60
3.57
3.57
May
June
3.80
3.73
3.88
July
August ....
September.
3.36
3.60
1.75
3.67
3.85
4.09
July
August ....
September.
3.90
4.00
4.02
October
November.
December.
3.76
3.70
3.80
4.11
4.09
4.08
October.
November.
December.
3.98
3.98
4.06
3.91 2/
3.92
3.92
4.12
4.14
4.13
.
June.
1959-January.
Febr
Mar
Weekly series
1961-August
y
.
-
-
.
.
March
April
1962-January.
averages of daily series for weeks ending
4.08
'bruary
1962
77
AVERAGE YIELDS OF LONG-TERM BONDS.
o>
CJ
in
o>
Treasury Bulletin
7«
INTERNAL REVENUE COLLECTIONS
Table I.- Summary by Principal Sources
(In thousands of dollars)
Individual income tax and employment taxes
year
or month
Budget
receipts from
internal
Adjustment of
collections
to budget
receipts 1/
Total collections reported
by Internal
Revenue Service
Corporation
income and
profits
taxes
Individual
income tax not
withheld 2/
Individual
income tax
withheld
y
Old-age and
disability
insurance J/
Railroad
retirement
Unemployment
insurance
605,221
600,106 4/
634,323
616,020
575,282
283,882
279,986
324,656
330,034
335,880
525,369
606,931
570,812
324,020
341,108
345,356
12,842
69,934,980
66,288,692 lj
75,112,649
80,171,971
79,978,476
21,546,322
18,264,720
21,298,522
21,530,653
20,533,316
37,921,314
37,869,770
42,633,426
46,610,293
47,212,944
10,736,578
10,396,480
11,321,966
12,302,229
11,527,648
22,077,113
21,253,625
24,015,676 iJ
27,040,911
4,218,520
5,339,573
6,336,805
6,634,467
7,733,223
79,797,973
91,774,803
94,401,086
79,797,973
91,774,803
94,401,086
18,091,509
22,179,414
21,764,940
49,588,488
56,104,300
58,655,452
11,733,369
13,271,124
13,175,346
29,001,375
31,674,588
32,977,654
8,004,355
10,210,550
11,586,283
1961-Jan.
Feb.
Mar.
5,168,694
8,847,264
11,590,743
5,168,694
8,847,264
11,590,743
533,550
444,362
5,798,996
3,546,607
7,381,077
4,519,130
2,156,062
875,692
848,674
1,345,659
6,139,136
3,607,801
47,953
32,045
289,106
14,702
Apr.
May.
June
6,623,896
9,389,672
12,022,815
6,623,896
9,389,672
12,022,815
492,776
411,293
5,245,769
5,055,614
7,719,231
5,569,265
3,828,929
1,156,593
1,943,583
1,210,457
6,483,083
3,580,056
14,285
77,262
44,527
1,943
2,293
1,099
July
3,427,747
8,373,396
9,945,359
519,563
382,280
3,250,550
1,785,961
6,635,584
5,563,577
245,119
160,611
Sept
3,427,747
8,373,396
9,945,359
1,525,870
6,389,944
3,490,501
14,261
84,163
55,296
710
865
635
Oct.
Nov.
Dec.
3,506,919
7,783,190
8,355,057
3,506,919
7,783,190
8,355,057
407,784
1,854,657
6,156,753
3,868,610
216,452
123,253
428,497
1,636,124
5,956,755
3,392,830
1,306
75,893
46,716
775
1954
1955
1956
1957
1958
70,299,652
66,288,692
75,109,083
80,171,971
79,978,476
1959
1960
1961
Aug.
+364,672
-3,566 5/
y
3,322,058
V
Zb,T27,1>t,-)
V
77, 142
851
567
'
February 1962
79
.
INTERNAL REVENUE COLLECTIONS
.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS
Billions
100 \—
Billions
Total*
^-"Fiscal Year
—
1948
Billions
Billions
Billions
58
24
56
22
54
54
20
52
52
18
50
50
16
48
48
14
46
46
12
44
44
10
42
42
8
40
40
6
38
38
4
36
36
2
34
34
58
56
DOLLARS
DOLLARS
DOLLARS
.
Individual Income Tox and
Employment Taxes*
Corporation Income
ond Profits Taxes
1948
50
'52
24
54
4
32
3?
30
30
28
28
26
26
24
24
2
22
-
22
20
-
20
18
18
16
16
-
14
14
12
12
1948
Beginning with the fiscal year 1955, includes undistributed depository receipts and unapplied collections. The whole omount of
such receipts for excise taxes is included under "Other excise toxes."
Treasury Bulletin
so
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
189C
United
States
notes
Federa
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
1954
1955
1956
1957
1958
29,922
30,229
30,715
31,082
31,172
28,127
28,372
28,767
29,040
29,071
35
34
33
33
32
2,135
2,170
2,148
2,162
2,200
320
319
318
321
317
25,385
25,618
26,055
26,329
26,342
1959
1960
1961
31, 914
32,065
32,405
29,699
29,726
29,943
31
30
30
2,155
2,127
2,094
316
318
318
27,029
27,094
27,353
110
100
92
57
56
54
180
163
147
133
120
70
67
64
62
59
1960- December..
32,869
30,442
30
2,110
313
27,837
96
55
1961-January. .
February.
29,385
29,377
29,484
30
30
30
1,986
994
305
95
94
94
55
025
307
310
26,913
26,896
March
31,776
31,769
31,891
April
May
June
31,830
32,197
32,405
29, 4U
JO
29,752
29,943
30
30
043
100
094
317
318
26,878
27,157
27,353
93
92
92
54
54
54
July
August
September.
32,477
32,609
32,658
30,002
10,118
30
30
30,152
27,434
27,553
27,584
91
90
90
54
54
54
October.
November
December.
32,836
33,538
33,918
30,303
30,975
31,336
27,739
28,386
28,731 6/
89
89
54
89
54
.
.
y
314
315
30
077
075
2,079
30
30
30 4/
2,076
2,098
2,120 2/
315
318
314
314
26, J7C
55
55
54
i
Webruary 1962
Treasury Bullet int
82
MONETAHY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates
Silver
bullion
2/
Silver
dollars
Silver
dollars 1/
Subsidiary
coin J/
at $1.2 H
per fine
ounce
148.3
1,242.7
1,283.2
1,338.2
1,402.6
1,446.2
4,064.1
4,185.4
4,362.5
3.6
127.4
88.2
24.2
305.5
326.5
357.3
1,513.4
1,576.0
1,650.5
4,308.6
160.3
159.5
155.8
4.6
5.3
9.0
85.8
79.6
73.9
327.4
328.2
331.8
1,575.7
1,575.7
1,578.9
4,372.8
4,362.3
4,358.3
153.1
152.4
149.2
7.9
11.2
June
2,252.1
2,252.1
2,252.3
67.0
60.4
56.6
334.5
335.2
338.4
1,587.8
1,594.3
1,603.9
4,353.1
4,350.3
4,346.5
July
August .
September
2,252.3
2,252.3
2,252.3
147.2
144.7
137.9
53.5
340.4
342.8
349.6
1,605.3
1,613.4
1,619.9
4,343.8
4,335.6
4,331.5
October.
November.
December.
2,252.3
2,245.9
2,237.5
136.2
133.6
130.1
351.3
353.9
357.3
1,644.2
1,650.5
,171.1
,194.4
,208.9
,212.9
,245.0
267.6
253.5
236.3
219.0
202.7
1959
1960
1961
,251.4
,252.1
,237.5
182.3
161.2
130.1
1961-January.
February.
March.
2,252.1
2,252.1
2,252.1
April
.
.
.
May
.
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Source:
1/
Silver
bullion 4/
Subsidiary
coin 2/
Total
223.1
235.4
252.2
269.3
285.4
1954
1955
1956
1957
1958
2/
Silver outside
Treasury
In Treasurer's account
1/
11.0
17.9
63.0
92.3
4.7
45.3
39.3
5.1
29.5
4.9
22. 5r
24.2
3.6
2/
4y
-
3,930.1
4,382.7
4,
'
.<
4,324.9
4,311.6r
4,308.6
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
r
Revised.
February 1962
83
MONETARY STATISTICS.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued \J
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Newly mined silver
Misc. silver
(incl. silver
bullion held
June 14, 1934)
Silver Purchase Act
of June 19,
1934
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account J/
981.6
1,038.5
1,101.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
August . . .
September.
1,068.4
1,076.2
1,082.9
48.7
48.7
48.7
833,
833,
833,
34.
34.
34.
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
44.0
37.4
October..,
November.,
December.,
1,091.6
1,095.0
1,101.7
48.7
48.7
48.7
833,
833,
833.
34.
34.
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
25.0
34.
87.6
87.6
87.6
1,107.9
48.7
833.7
34.7
87.6
167.9
1,172.5
12.6
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
1950
1951
1953
1954
1955
1956
,
1957
890.
•932.0
l"'.l
,
1961- July
1962- January.
,
..
48.
48.
48.
48.
48.
48.
48.
48.
48.
34.5
16.8
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
34
34
34
34
34
34
34
34
34
34
<4
34
34
i;
34
Bureau of Accounts.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
Total of seigniorage on coins and on newly mined silver, beginning
Source:
2/
1933
Acts of
July 6, 1939,
and July 31, 1946
Total
seigniorage
on silver
revalued 2/
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832
832
833
833
833
833
833
833
833.7
833.7
833.7
833.7
833.7
833.7
833.7
18.5
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1/
Proclamation
of Dec. 21,
2/
2/
65.4
65.5
66.5
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
274.9
3V7.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
4.2
25.7
48.3
63.6
65.3
33.2
15.1
12.6
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of bullion
held changes, the potential seigniorage thereon changes.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar,
as of December 31, 1961
Allocations of
increment 1/
Exchange Stabilization Fund
Payments to Federal Reserve Banks for industrial loans 2/.
Philippine currency reserve
..,
Melting losses on gold coin
Retirement of national bank notes......
Unassigned
Total increment.
,
,
,
Source:
Bureau of Accounts.
1/ The authority, purpose, and amount through 1940 of these allocations
are summarized in the 1940 Annual Report of the Secretary of the
Treasury, pages 128-30.
2/ Pursuant to Public Law 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139,299,557.00
139,299,557.00
23,862,751.00
23,862,751.00
2,175,121.93
1,857,771.96
645,387,965.45
645,387,965.45
8,765,960.73
2,819,491,356.11
Unexpended balance of
increment
$317,349.97
8,765,960.73
2,810,408,045.41
9,083,310.70
into the Treasury as miscellaneous receipts; and the $27,546,310.97
which has 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. Under subsequent legislation (73 Stat. 209) the unused portion of this appropriation was rescinded and the balance, $29,653,582.01, was covered into the Treasury.
Treasury Ballet
su.
.EXCHANGE STABILIZATION FUND.
Table I.- Balance Sheets as of June 30,
1961, and September 30,
1061
September 30, 1961
June 30, 1961
Assets:
Cash:
Treasurer of the United States, checking accounts.
Federal Reserve Bank of New York, special account.
745,020.70
1,174,133.50
111,866,950.15
100,734,488.57
112,611,970.85
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Centra 1 Bank of Argentina
Banco de Brazil
Bank of England
Deutsche Bundesbank
Netherlands Bank
Swiss National Bank
14,000,000.00
11,000,000.00
35,000,000.00
19,560,052.03
5,069,793.78
15,000,000.00
46,000,000.00
46,000,000.00
22,419,790.79
306,291.55
173,060.49
91,356.15
44,466.15
Accounts receivable
S.
81,380,624.28
64,999,028.28
Accrued interest receivable
U.
52,810,064-16
25,399,951.81
20,132,000.22
Investments in:
U. S. Government securities
Foreign securities
Unamortized premium on
<
46,093.27
25,610.34
Office equipment and fixtures
Less allowance for depreciation
1,636.47
1,943.28
Government securities....
Total assets
20,482.93
46,457.48
26,645.78
19,811.70
337,577,857.76
336,373,089.23
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Qnployees' payroll allotment account
savings bonds
Miscellaneous
U.
162,719.11
2,267.70
2,682.47
231,052.33
2,547.05
276,983.00
S.
Total accounts payable
Unamortized discount on U. S. Government securities...
Capital account
Deduct subscription to International Monetary Fund
I
-
.
2,000,000,000.00
1,800,000,000.00
396,453.91
281,797.75
9,605.58
8,452.92
200,000,000.00
2,000,000,000.00
1,800,000,000.00
200,000,000.00
:ome (see Table 3
135,967,029.74
137,287,607.09
liabilities and capital
336,373,089.23
337,577,857.76
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with that for December 31, 1938, have been published in the
jsury Bulletin.
1/
g/
Excludes foreign exchange transactions for future delivery.
For contingent liabilities under outstanding stabilization
agreements, see Table 2.
^February 1962
«5
.EXCHABGE STABILIZATIOH FUHD.
Table 2.- Current United States Stabilization Agreements, September 30, 1961
Date of agreements
Country
Renewal
Original
Expir-
agr ecaci
t
(In millions)
Argent ins
I
Jan.
.
1, 1959
Dec. 31, 1961
Jan. 1, 1961
Brazil
May 16, 1961
May 15, 1963
Chile
Feb. 10, 1961
Feb. 9, 1962
Sept. 6, 1961
Sept. 5, 1962
6
1962
6
Dec. 31, 1961
75
July 15, 1961
El Salvador.
Jan.
1,
1958
..
Jan.
1, 1960
*i.
*25
ft
70
35
Table 3.- Income and Expense
.-.rough
Classification
une 30, 1961
January 31, 1934, through
September 30, 1961
Income;
Profits on British sterling transactions
Profits on French franc transactions
Profits on gold and exchange transactions (including
from handling charges on gold)
Profits on sale of silver bullion to Treasury (nationalised).
Interest on investments
*310,638. 09
351,527.60
351,527.60
128,653,292.20
129,608,687.11
r:
Profits on silver transactions
Profits on investments
310,638.09
.'35.27
'35.27
3,473,362.29
3,473,362.29
2,554,630.63
21,709,798.70
-
.630.63
22,004,913.49
Miscellaneous profits
1,034,901.27
1,560,975.02
Interest earned on foreign balances
4,179,817.45
4,327,269.51
Interest earned on Chinese yuan
Total income
1,975,317.07
1,975,317.07
164,346,020.57
166,270,056.08
Expense:
21,591,018.59
22,056,553.25
Travel
1,185,379.47
1,286,493.48
Transportation of things
1,846,797.63
1,858,443.46
Personal services
Communications
728,455.88
.321.28
Supplies and materials
168,547.36
172,171.03
Other
Total expense
Net income
2,858,791.90
2,875,966.49
28,378,990.83
28,982,448.99
135,967,029.74
137,287,607.09
Treasury Bulletin
86
,
INTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Foreign
currency
holdings
End of calendar year or month
Treasury
Total
2/
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
20,534
L9.456
17,767
16,889
20,582
19,507
17,804
16,947
1961- July
August...,
September,
17,527
17,451
17,376
17,590
17,530
17,457
105
106
October..,
November.
December.,
17,300
16,975
16,889
17,331
17,021
16,947
112
16,85.5
16,847
1953
1954
1955
1956
1957
,
1958
1959
1960
1961
,
,
,
1962-January
Note:
p.
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
4,125 million. In accordance with Fund policies, these drawing
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund*s net use of dollars; on January 31,
1962, these two amounts totaled $1,686.8 million.
Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
1/
2/
2/
P
116
62
127
116
3/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of January 31, 1962,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not Included in
Treasury gold figures shown in "Circulation Statement of United States
Money." See "Monetary Statistics," Table 3.
To be published in following issue.
Preliminary.
February 1962
37
.CAPITAL MOVEMENTS.
Data relating to capital movements between the United
States and foreign countries have been collected since
1975, pursuant to Executive Order 6560 of January 15, I93A,
will be exactly comparable to those now presented.
The first three sections which follow are published
They provide summaries, by periods and by coun-
monthly.
Executive Order IOO33 of February S, 1949, and Treasury
Information on the
regulations promulgated thereunder.
tries,
principal types of data and the principal countries Is reported monthly, and Is published regularly In the "Treasury
ties by foreigners, and present detailed breakdowns of the
Bulletin."
Supplementary Information Is published less
frequently.
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 consolidated figures to the Treasury.
Beginning April 195 *, data reported by banks In the Territories and possessions of the United States are Included
1
In the published data.
The term "foreigner" as used In these reports covers
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located,
one year or lees,
T.aturltles.
erage,
and International organ-
"Short-term" refers to original maturities of
izations.
and "long-term" refers to all other
A detailed discussion of the reporting cov-
statistical presentation, and definitions appeared
in the June 195^ Issue of the "Treasury Bulletin," pages
14.5-1+7.
In that
As a result of changes in presentation Introduced
issue,
of data on short-term banking liabilities to and
clalme on foreigners and transactions in long-term securi-
latest available preliminary data.
Section IV provides supplementary data in six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonf lnan-
clal concerns,
is
published quarterly in the January,
Table 2,
April, July, and October Issues of the Bulletin.
long-term foreign liabilities and claims reported by banks
and bankers, and Table 3, estimated gold reserves and
dollar holdings of foreign countries and international
institutions, are published quarterly In the March, June,
Table k, foreign credit
September, and December issues.
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 inis presented annually, appearing in the April
issue through 1958 and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
stitutions,
foreigners during the preceding calendar year, also appears
annually, beginning with the May 1959 Issue.
not all breakdowns previously published
Table
1.
Section I - Summary by Periods
Net Capital Movement Between the United States and Foreign Countries
Treasury Bulletin*
88
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in
j
foreigners
in dollars
year
Payable in
Payable in
::
foreign
national
n
banks
21.6
1,832.
2,836.
7,718.0
7,618.0
.
240.6
4,245.6
4,308.4
4,335.4
5,666.9
'0.1
-
206.5
1,881.1
6,952.8
8,0*
L6.6 \J
10,321
5,6C
5,890.8
8,6'
.
7,685.1
10,919.
3,803.8
10,146. lr
10,09'
Feb]
6,74
-
.6r
9,89'
6,93^.
7,096.
9,929.2r
599.3
582.7
10,070. 3r
.Or
-
607.4
10,932.8
--.8
10,5b-
582.8
585.4
699.6
7,885.9
10,919.7
1/
Bey:
-,;ust
3,089.0
634.8
96.0
1956 and again in April 1957, certain ac
included in "Foreign ofi
.
585.6
Include.
i
i
548.
institutions,
forei^"'
p
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
es
indicate
Government
end notes l/
U.
Purchases
te and other
Total
Sales
Sales
396.8 2/
es)
i
S.
A"
purchases
Net
_
626.7
841.6 2/
2/
2/
2/
3.
li
Sales
20.9
-
2
650.4
637.9
782.1
_
-
-
-
-
-
.
.
784.1
2,011.1
I,
--
-683.0
302.3
646.1
-
8.2
1,115.1
141.8
-
:
378.4
500.3
3,065.2
322.4
32.0
31.6
-
-
-
586.8
238.6
notes.
-
-4.8
-1.2
.
58.8
\
Through
-
-
-
-
322.8
438.7
.
-
-
.
.
..
.
February 1962
_ CAPITAL
MOVEMENTS.
Section I - Summary by Periods
Securities by Foreigners
Table 4.- Purchases and Sales of Long-Term Foreign
(In milli ons of dollars; negativ-
Foreign bonds
Calendar year
or month
I
l'
:::)
..
'
s
1935-41.
1942....
1943..-.
446.4
1945....
318.1
347.3
1947.
1948....
658.7
211.6
321.2
291.4
1950.
589.2
-
-
.
.
.
.
1954.
1955.
1956.
1957.
1958.
945.6
882.9
801.9
1959. .
1960. .
1961 p.
1961-January.
February.
March. .
.
April.
May...
June.
July
August
September.
October....
November p.
December p.
54.0
48. 3r
.
43.6
58.7
63. 3r
.
37.4
225.0
51.5
62.4
64.4
-
i
i
,r
-
irUi,-^,.-
-.
net outflow of capital from the United States]
Treasury Bulletin
90
CAPITAL MOVEMENTS
,
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
V
(Position at end of period in millions of dollars)
1961
Calendar year
Country
1958
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
1959
]
961
July
1961 p
255.1
328.8
186.8
233.2
.9
.9
136.5
70.9
243.1
142.0
1.0
54.2
46.0
51.6
90.8
50.1
67.1
194.8
310.1
1.0
35.6
77.0
126.3
1,120.8
338.7
655.3
1,987.3
186.3
1,370.3
485.2
519.0
3,475.7
63.1
877.1
328.5
988.7
2,841.4
67.2
1,234.1
216.9
842.1
3,074.9
58.9
924.9
270.8
1,011.6
2,969.5
58.7
1,008.4
252.4
129.6
4. 9
163.0
137.5
All. 2
115.1
331.4
138.1
.6
.7
168.8
68.8
532.1
1,75*.
95.5
4.0
81. 9r
.9
.9
36.2
86.1
6.1
83-6
1.1
L48.5
303. A
105.2
7.2
99.3
104. 4r
6.1
73.1
100.7
7.1
79.9
1.5
1.2
1.2
152.4
134.6
133.9
404-0
578.9
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
851.9
20.1
2.2
872.9
212.5
969.3
30.7
2.6
989.6
226.6
678.2
18.4
12.1
1,667.3
406.4
873.6
25.9
4.8
2,225.1
9.0
1,708.6
422.9
551.9
13.4
6.8
1,690.9
Yugoslavia
Other Europe
9.5
676.1
6.2
575.7
10.0
362.3
11.6
327.4
9.0
396.6
7.0
365.7
Total Europe
7,707.9
15.9
8,472.6
9,045. 7r
10,315.9
9,151.1x
9,300.6
2,198.0
2,438.8
2,753.9
2,658.8
2,712.3
L49.8
22.2
138.1
100.0
168.8
336.8
24.4
150.7
184.5
216.8
315.0
23.1
194.1
135.1
158.3
234.7
282.8
21.3
185.9
124.1
119.2
277.6
23.2
231.0
115.7
150.0
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
286.5
39.7
41.6
418.2
163.8
36.9
37.1
442.4
77.0
36.9
43.9
397.3
42.5
22.8
45.8
57.6
31.3
58.8
332.7
54.7
338.9
79.4
87.8
72.0
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
146.3
77.1
26.2
82.4
494.1
133.0
129.2
82.2
28.0
61.5
276.9
123.0
Total Latin America
2,403.4
36.0
61.6
77.3
108.4
42.7
114.3
138.6
46.6
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
506.5
53.4
32.3
89.9
87.0
U8.3
77.7
70.5
26.7
50.3
428.1
259.3
77.3
82.6
24.3
51.3
398.2
300.6
86.7
84.0
21.9
57.0
416.5
291.6
49.5
438.6
264.1
2,407.5
2,422.4
2,405.2
2,216.1
2,307.1
35.?
34.8
57.3
53.9
178.2
22.4
34.6
55.4
77.7
75.6
31.3
35.4
51.8
41.0
85.5
47.5
35.1
52.5
36.7
74.4
32.4
74.7
63.0
1,590.4
199.5
185.0
92.0
47.5
1,983.1
167.5
162.8
80.7
51.1
1,913.5
177.7
182.3
80.3
60.0
72.2
31.2
98.7
86.5
1,285.1
147.6
171.5
94.1
Thailand
Other Asia
133.3
334.6
458.3
185.8
181. 9r
264.4
222.9
227.5
211. 4r
231.4
237.4r
Total Asia
2,205.3
2,779.6
3,115.3r
2,891.9
3,U1.6r
3,105.1r
78,9
29.8
29.6
16.2
124.9
110.5
31.3
48.7
20.3
162.1
88.1
31.9
29.3
21.9
181.1
279.3
372.9
352.2
387.2
366.9
1,544.0
3,158.1
3,954.9
3,803.8
3,969.6
16,159.1
19,388.7
21,329. 3r
Other countries:
Austra lia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
55.9
26.2
228.2
105.3
146.8
935.1
145.5
176.3
L41.2
,837.5
152.2
202.8
83.7
97.8
33.9
31.7
83.3
29.6
38.7
14.5
209.2
16.2
199.0
22,557.8
21,504. lr
80.9
29.5
39.6
16.0
196.2
August
September
October
November p December p
)
February 1962
91
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
Calendar year
Country
1961 p
1958
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
7.1
64.6
.7
U.3
5.9
France
Germany, Federal Republic of...
Greece
Italy
Netherlands
102.1
76.5
7.2
35.7
55.6
4.3
56.3
1.2
18.1
8.4
57.1
54.0
4.8
29.7
38.3
2.3
65.1
1.4
13.2
9.2
32.0
81.8
6.2
34.1
33.3
Norway
Poland
Portuga
Rumania
Spain
22.2
7.1
3.5
3.7
2.1
29.7
8.4
7.6
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
24.0
42.4
18.6
38.4
47.3
27.9
59.5
48.8
123.9
120.7
*
245.3
.9
2.9
12.7
10.9
2.1
.
Yugoslavia
Other Europe
.
.
.
Total Europe.
.
72.5
.1
17.0
6.1
3.9
11.1
695.9
Latin America:
Argentina.
Bolivia..
Brazil
Chile
Colombia.
242.5
272.3
39.8
59.6
4.0
117.1
59.3
67.9
120.8
3.9
225.4
72.7
80.4
115.1
28.9
10.2
290.8
25.5
15.8
13.7
343.4
3.1
147.5
52.1
50.6
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
166.1
19.1
U.8
293.0
Panama, Republic of.
Peru
El Salvador
Druguay
Venezuela
Other Latin America.
5.9
4.0
8.5
23.4
30.7
9.8
51.9
141.7
52.9
17.9
36.0
14.8
47.1
246.7
56.7
22.6
44.3
21.7
57.0
234.5
65.5
1,176.1
1,355.6
2.5
10.4
5.8
1.7
9.3
9.2
Total Latin America.
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
2.5
5.5
4.1
.2
.3
.2
27.3
29.4
32.9
Israel
Japan
Korea Republic of
Philippines
Taiwan
23.3
178.6
1.3
66.8
6.1
14.3
323.7
Thailand
Other Asia
12.8
106.5
150.7
24.0
117.1
Total Asia
435.1
585.8
1,052.2
12. 8
17.6
3.1
11.8
27.6
2.5
11.0
,
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
3.7
21.1
2.5
Total other countries.
1.2
23.9
9.0
U.7
.j.
2
.
9
2.1
18.6
7.3
3.2
29.1
21.3
24.2
69.2
55.8
68
International.
Grand tota 1
23.9
80'j
2,624.0
June
July
August
September
October
November p
December p
92
Treasury Bulletin
CAPITAL MOVEMENTS.
Section II - Summary by Countries
3.Net Transactions In Long-Term Domestic Securities by Foreigners
Table
1
irs;
negative figures Indicate net sales by foreigners or
a
net outflow of capital from the United States)
1961
Calendar year
1959
1958
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
-1,018
-4,795
678
France
Germany, Federal Repul
;ce
Ly
Netherlands
-7,645
Norway
Poland
Portugal
Rumania
Spain
18,303
-26
2,109
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
-26
-3,624
-40,197
-202,213
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatema la
Mexico
Netherlands Antilles and
Surinam
281
-333
-623
-2,601
410
-68,517
232
1,656
25,546
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
-726
-879
-181
-2,533
-1,210
917
Total Latin America
-46,000
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
-403
4,231
-1,389
Israel
Japan
Korea , Republic of
Philippines
Taiwan
91
-572
-2
-1,993
-1,091
Thailand
Other Asia
3,542
Total Asia
2,704
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
Al 1 other
Total other countries
International
Grand total
P
r
58
174
Preliminary,
Rev:
58
150
-48
129
105
-786
-450
1961 P
July
August
September
October
November p
December p
t%2
February
93
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1961
Country
1958
August
1959
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands.
.
.
Norway
Poland
Portugal
Rumania
Spain
-18,018
21,299
-137
7,500
-i
3,256
5,102
-13,630
18,912
99,082
-912
-93,465
47,539
-552
-35,375
-32,383
-234,089
5,021
-16,325
-7
407
-57
-739
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
691
92,200
-16
-10,643
51,384
336
-27,801
17,726
Yugoslavia
Other Europe
24
-26,268
500
5,348
-543,274
-443,009
-442
-92
Total Europe
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
-49,714
69
4,979
812
2,421
7,804
2,291
2,437
-588
12
21
507
-152
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
-80
-60
17,060
1,547
1,790
Panama Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
-13,669
-443
-703
3,532
253
-10,266
-3,599
Total Latin America
4,858
11,245
28,318
-50
1,015
15,283
151
24
-30
Israel
Japan
Korea , Republic of
Philippines
Taiwan
-46,677
598
-50,536
-32,736
-693
-52
1,782
-370
Thailand
Other Asia
-185
-27,167
-955
-29,326
Total Asia
-44,843
,
-134
2,443
1,913
1,321
-4,905
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Other countries:
Austra lia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
59
42
-44,434
-16,099
-66,917
-22,175
-149,625
-557,576
-1,362,532
-18,166
-6
9,067
-356
-5,554
-15
September
Dcti t>er
Nov
Treasury Bulletin
9*
capital yovaiKMrs
Table 1.-
S
95
February 1962
.CAPITAL JCVaiKNTS.
Section III - Preliminary Details by Countries
December 31, 1961
Table 2.- Short-Term Banking Claims on Foreigners as of
1/
(Position In thousands of dollars)
Short-term claims payable In
foreign currencies
Deposits of reporting banks
and domestic
customera with
foreigners
Thailand
Other Asia
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All Other
Total other countries
International
Grand total
1/
I
4,711,185
authorities.
Excludes convertible currencies held by U. S. monetary
Other
96
Treasury Bulletin
CAPITAL UOVatENTS
Section HI - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During December 1961
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Europe;
Austria
Belgium
Czechoslovakia.
Denmark
Finland
14,642
France
Germany, Federal Republic of
Greece
Italy
Netherlands
33
,
,
Norway
Poland
Portugal
Rumania
Spain
'
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
15
Total Europe
7,959
.
Canada
5,366
Latin America:
Argentina....
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
80
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
9,909
Total Latin America.
Asia:
China Mainland
Itong
Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand
Other Asia
Total Asia
16,041
Other countries:
Australia
lea
lb
Republic
I
All other
Total other countries.
International
Grand total
61,767
February
i%~
97
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHOUT PURCHASE WITH DOLLARS.
Foreign currencies reported herein In United 9tatee
dollar equivalents were acquired without purchase with
dollars, for the most part, In connection with foreign
assistance and agricultural trade development programs
authorized by various provisions of law. The currencies
are held In the custody of the Treasury Department until
such time as tmey are either sold for dollars to Government agencies or transferred to Government agencies for
expenditure without charge to appropriations, as specifically authorized by law.
department and agency foreign currency balances as of
November 30, 1953, lnt0 Treasury custody, and the flow
of future collections through Treasury acoountB; and established requirements with respect to withdrawals from
Treasury acoounts; limitations on purchases and amounts
of holdings; the use of foreign depositaries; and account-
Department Circular No. 930 as
revised October 20, 196l, added oertaln requirements
governing foreign currency reporting and accounting.
ing for the currencies.
Prior to July 1, 1953, foreign currencies acquired
by Government agencies without payment of dollars were
available to the collecting agencies to defray operating
Figures are stated in dollar equivalents, computed
for reporting purposes, to provide a common denominator
for the currencies of the many foreign countries Involved.
It should not be assumed that dollars, In amounts equal
expenses and were not subject to the regular appropriation
to the balanoea,
processes.
The act of July 15, 1952, Sec. 1415 (66 Stat. 662),
-that after June 30, 1953, United States agencies
could no longer expend foreign currencies belonging to
provided
the United States except as provided annually In appropriSubsequent legislation required executive
ation acts.
departments and agencies, with certain exceptions, to
reimburse the Treasury In dollars for the foreign curExecutive Orders No. 13483 dated Septemrencies used.
ber 23, 1953, &h d No 1°90° dated January 5, 196l, as
amended, provided for the Issuance of regulations by the
-
Secretary of the Treasury governing the purchase, custody,
transfer, or sale of foreign exchange by the United 3tatea.
Accordingly, Treasury Department Circular No. 930
was issued on October 19, 1953, effective December 1,
These regulations provided for the transfer of
1953.
are actually available for the general
use of the U. S. Government, since most of the currencies
are Inconvertible and restricted as to uses by the terms
of agreements between the United States and the foreign
governments.
This table excludes the counterpart funds owned by
and held In accounts of the foreign governments, the use
of which Is subject to approval of the United States,
and are Included In reports of the Agency for International Development. The table also excludes the U. 3.
purchased foreign currencies which are under dollar ac-
countability and reported as dollar transactions.
Detailed data by account, agency, program, foreign
and related dollar equivalents, are published annually In the Combined Statement
of Receipts, Expenditures and Balances, beginning with
country, units of currency,
fiscal 1958.
Treasury Bulletin
9g
FnRFjr.N nimRFwr'T^ a^Q"trfti ry thf. ttnttfti .^tatf.^ uTTHnrrr PiranHASK
utth dollars
February
Wbz
99
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The current financial statements of corporations and
certain other buslnese-type activities of the United States
Government which appear in the "Treasury Bulletin" begin-
published quarterly and appear as Section
I
In the series
The first data under the new regulations are
for March 31» 1356, ahd were presented In the August 13^6
of tables.
Statements of Income and expense and source and
ning with the August 1956 Issue are complied from reports
Bulletin.
submitted to the Treasury under Department Circular
application of funds are published semiannually, for June }0
and December 31 reporting dates, and appear as Sections II
No. 96c,
Issued January 30, 1956, and Supplement No. 1,
The regulations so Issued are pur1, 1956.
Issued June
suant to Section ll
1
*
of the Budget and Accounting Proce-
and III.
The first of these statements under the new
regulations cover the fiscal year 1956, and were published
Within the sections,
dures Act of 1953 (31 U.S.C. 66 b), and represent another
in the January 1957 Bulletin.
step In the program of comprehensive and Integrated Gov-
agencies are grouped In separate tables by ty:>e,as follows:
ernment accounting anc financial reporting for which
authority was provided In that act. They supersede
public enterprise revolving funds,
Budget-Treasury Regulation No. 3. Issued under Executive
Order Mo. S512 of August 13, 1940, as amended by Executive Order No. 90S4 of Karch 3, 1942, under which financial statements previously published In the Bulletin
and trust revolving funds.
v:ere
submitted.
In coverage.
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
Included In the Government Corporation Control Act, as
amended (31 U.S.C. 3U6, S56); and all other activities
of the Government operating as revolving funds for which
bu6lness-type public enterprise or lntragoverr.mental fund
budgets are required by the Bureau of the 3udget. Other
activities and agencies whose operations, services, or
the
lntragovernmental
revolving funds, certain other activities, deposit funds,
Supplement No. 1 added to the coverage by Including
all executive agencies and activities not reporting under
Department Circular No. 966, but required only a statement
of financial condition annually as of June 30.
These are
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorlted
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the information on
properties and assets of the United States Government which
the Treasury has been asiied to furnish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Joverament
The
first comprehensive reporting under Supplement No. 1 Is
for June 30, 15^7, and the data were published in the
December 1957 Issue of the Bulletin as Part B of Table k
.
functions are largely self-llquldatlng or primarily of
a revenue-producing nature, and activities and agencies
whose operations result In the accumulation of substantial
Inventories,
investments and other recoverable assets,
In Section I.
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
of furnishing the financial reports reoulred.
Four klnd6 of financial statements are called for by
Department Circular "o. 966. They are state-rents of
financial condition, Income and expense, source and
application of funds, and certain commitments and contin-
gencies.
The statements of financial condition are
A summary of loans outstanding for a series of dates
Is Included in Section I of the Bulletin presentation
beginning with the June 19JS Issue. Two classifications
of the loans are shown, one by tyne and one by agency.
Data prior to 1956 are based on the earlier reporting
requirements, which provided for complete coverage of
Government lencln*- agencies.
100
Treasury Bulletin
.
Table
1,
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Summary by Specified Classes of Activities, September 30, 1961
(in thousands of dollars)
Account
February 1962
Treasury Bulletin
102
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I -Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1961
(Continued)
-
(In thousands of dollars)
____^__
Farm Credit Administration
Federal
Farm
Mortgage
Corporation
6/
ASSETS
Cash In banks, on hand, and In transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net )
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trast and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the D. S
Other liabilities (including reserves)
298
Federal
intermediate
credit banks
investment
fund
Production
credit
associations
investment
fund
16,350
59,17C
Federal Home Loan Bank Board
Banks for
cooperatives
investment
fund
79,102
-1,097
250
1,327
11,475
13
1
2,932
282
1,525 7/
45,000
415
-415
M
2
*
7C.000
60, CCO
- =
:, ;:-
39
259
29
in
1.094
2.C42
70,000
Total United States Interest
1,611
Total liabilities and Investment
1,824
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
1-611
70,00C
70,000
investment excl. interagency items.
71 ,O0C
8.
60,000
500,000
-314,081
34
135,919
2,076
6C,C00
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S.
77
2,072
53,650
NET INVESTMENT
United States Interest:
Interest -bearing investment:
Capital stock
Borrowings from the D. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues (-)
Footnotes at end of Table
483
Federal Savings and Loan
Insurance
Corporation
379,500
Total liabilities
U. S.
Revolving
fund
500,000
-314.081
60,000
185,919
JL.
34
-250
355
60.0CC
:8?,?r-i
February 1962
103
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I -Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1961
(Continued.
(In thousands of dollars)
Small Business Administration
Panama
Canal
Company
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/
Investments:
Public debt securities {par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net )
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net )
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
NET INVESTMENT
United States Interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury.
Other
Noninterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-)
Saint
Lawrence
Seaway
Development
Corporation
124
33
4,978
19,808
Revolving
fund
Reconstruction
Finance
Corporation
liquidation
fund
109
376,301
523
Tennessee
Valley
Authority
66
47,163
United States
Information
Agency
Informational
media
guaranty
fund
1,500
Veterans
Administration
1
Canteen
service
revolving
fund
3,048
2,538
37,500
»5,l CK
-171
20,177
46
2,571
3,586
9,686
-944
367
118
40
540
a
9,529
13,498
41,192
-603
527
5,177
72
312
712,691
-283,807
2,617
34
483,919
3,470
-15,506
1,269
-863
7
337
6,510
-3,091
2,481,266
-510,211
126,369
2,614
11,978
1,183
14,422
311
222,493
480. 548
128,196
883,848
<-'.'
2,377,160
122
416
548
13,970
62
1,293
53,233
3,334
4,199
9
1,479
378
2,057
136
373
3,541
6,357
2,381
52
19
4,114
14,769
102
1,477
716
226
683
49
218
12,113
259
3,295
25,473
4,6C9
21,754
329,862
120,547
7,678 2/
.
882
U
55
100,000
11,255
125
785
137
170,199
841
3,251
20,794
499,913
420,087
1,798,332
47,008
125,213
204
-4,842
-57,907
6,599
-2,882
361,621 10/
362
-17,521
11,157
Total United States interest
455,075
123,587
862,093
3,717
2,206,961
3,273
11,519
Total liabilities and Investment
480.548
128,196
883,848
3,853
2,377,160
4,114
14,769
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
329,862
125,213
128,428
842
920,000
-57,907
6,599
-2,882
1,845,340
361,621
20,794
-17,521
362
11,157
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
455,075
123
•*,
862,093
3,717
2,206,961
3,273
11,519
-2,571
7,162
3,750
18,169
-44,842
3,350
716
-41
238
investment excl. interagency items.
459,666
127,337
880,263
2,165,469
3,989
U. S.
U.
S.
Footnotes at end of Table
8.
-j,,
,
(Continued on following page)
3,717
10k-
Treasury Bulletin'
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1061
-
(Continued)
(In thousands of dollars)
Veterans' Administration - (Continued)
Direct
loans to
veterans
and
reserves
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury £/
Investments:
Public debt securities (par value)....
Securities of Government enterprises..
Unamortized premium, or discount (-)..
Other securitie s
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (Acquired security or collateral (net)...
Land, structures, and equipment
Accumulated depreciation (-}
Foreign currencies
Other assets (net)
Loan
guaranty-
revolving
fund 11/
245
323,004
Rental,
maintenance,
and repair
of quarters
Servicedisabled
veterans'
insurance
fund
113
1
40,410
993
Soldiers
and
sailors'
civil
relief
Veterans*
special
term
insurance
fund
1
105
756
109,980
41
238
14,003
1,593
1,128
33
1,256,184
411,924
1,695
2,542
123,951
782
9
37
459
)
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
591,648
2,727
23,985
12,175
624
111,994
10,700
708
36,683
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-)
79
3_
1,583,809
12,883
U
18,489
28,675
19,113
29,490
1,530,078
508,357
17,048
'
-
,408
-5
26
4,500
2,003
-20,886
-1,864
82,503
Total United States interest
1,547,126
578,765
-16,386
139
82,503
Total liabilities and Investme nt
1,583,809
591,648
24
2,727
142
111,994
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net. income, or deficit (-)...
1,53'.
,078
508,357
70,408
-5
26
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S.
U. S.
investment excl. interagency items.
Footnotes at end of Table
8.
17,048
1,547,126
4,500
-20,886
2,003
-1,864
82,503
578,765
-16,386
139
82,503
578,765
-16,381
139
52,503
10,700
1,557,826
(Continued on following page)
February 1962
105
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1961
-
(Continued)
(In thousands of dollars)
General Services Administration
Housing and Home Finance Agency
Office of the Administrator
Abaca
fiber
program
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
101
Federal
Facilities
Corporation
12/
Reconstruction
Finance
Corporation
liquidation
fund
Expansion
of defense
production
65
14,687
1,039
59
Defense
production
guaranties
College
bousing
loans
Public
facility
loans
6,202
28,721
26
260
3,275
—
1,524
6
15
3,534
540
1,417
1,485,475
399
115
6,626 12/
740
35
9,887
558
1,004,978
58,415
-558
-1,256
-1,093
1,042,590
61,347
149
336
552
6
211
136,256
6,564
518
2,215
214
136,851
9,336
945
1,774,700
1,035,725
62,859
312
-304
1,961
-1,372
7,595
-2,686
8,745
5,204
1,524,571
17,469
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)..,
6,228
1
110
Total liabilities
NET DIVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
,
Other
Nonlnte re st-bearing inve stment
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenue s (-)...
502
11,216
-11,115
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
THT
11,216
-11,115
8,744
IV
5,203
U/
-387,482
6,228
-2,471
-2,457
8,744
5,203
1,387,720
6,228
1,033,254
60,403
8,745
5,204
1,524,571
6,228
1,042,5'-'
I.,
61,347
8,744
5,203
1,775,202
-387,482
1,035,725
-2,471
62,859
-2,457
1,033,254
60,403
investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
8,744
5,203
1,387,720
-1,524
-6
-544
136,404
investment excl. interagency items
7,220
5,197
1,523,580
U. S.
U. S.
Footnotes at end of Table 8.
(Continued on following page)
6,228
6,228
6,228
7,116
729
1,040,369
61,132
Treasury Bulletin
106
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1961
-
(Continued)
(In thouaards of dollars)
Housing and Home Finance Agency - (Continued)
Federal National
Mortgage Association
Office of the Administrator - (Continued)
Public works
planning
fund
Liquidating
programs
Community
disposal
operations
Urban
renewal
fund
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net )
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land
structure s and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
24,864
Total assets
120
2,403
20,221
96,812
4,103 12/
-4,208
1,461
5,866
-5,651
3,181
37,093
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
22
1,743
263,287
9
359
,
,
4,774
26,830
362,623
5,868
51
33
448
39
M
758
,
42
136
6,483
59
7,746
Total liabilities
U
175
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)
170,000
43,000
664,500
-5,907
1,332,234
277,156
-388,704
-1,194,027
-479,624
-55,000
969
59,723
Total United States interest
37,093
26,660
354,876
5,693
Total liabilities and investment
37,093
2b, 830
362,623
5,868
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
834,500
4,723
969
43,000
-5-907
1,220,686
-1.194.027
-479. 624
investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
37,093
26,660
354,876
investment excl. interagency items
37,093
U.
S.
U. S.
Footnotes at end of Table 8.
-9
51
1,205
26,701
356,081
Housing
for the
elderly
Management
and
liquidating
functions
Special
assistance
functions
\
February 1962
107
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Enterprise Revolving Funds, September 30, 1961
2.Public
Table
(Continued)
(In thousands of dollars)
Agriculture Department
Farmers' Home Administration 17/
Housing and Home Finance
Agency - (Continued)
Federal
Housing
Administration
ASSETS
Cash In banks, on band, and in transit...
Fund balances with the D. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
unamortized premium, or discount (-)
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorle s
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
.
Acquired security or collateral (net)
Land
structure s and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net )
.
.
—
,
,
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the 0. S
Other liabilities (including reserves)...
17
198,446
4,942
75,455
Emergency
credit
revolving
fund
Agricultural
credit
insurance
fund
67
55,754
231
82,948
134
2,185
9,856
274
1,809
2,268
2,517
611
1,729,900 12/
51,276
30,226
7,247
16,676
Expansion
of defense
production
55
40
10,702
797,333
146,470
5,498,287
-1,486,389
72
99
5,958
43
1,154
217,310 137
-6,115
394,661
3,918
-2,105
111,219
-1,353
-208,631
8,290
-3,801
245,871
-131,139
14,592
13
103
460,184
1,482,782
314,302
7,078,077
65,894
589
7,176
266
52,056
3,941
68,562
7,645
728
4,258
307
514
73,603
115,456
2,214
22,310
473
411,512
76,506
69
155
456
-240
43,583
213
5
122,881
35,124
8
211
6,543
216 jj
6,543
5
U6
158
11
93,541
156,792
2,L26
182,878
U
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (- )
Federal
Crop
Insurance
Corporation
18/
736,496
6,493
-9,064
465
470,487
Total liabilities
Commodity
Credit
Corporation
Public
Housing
Administration
55,809
46,000
887,083 197
U
1,636,664
-1,214,625
155
100,000
10,874,000
1,000
1,179,604
246, 514
1,012,295
468
8,283
-5,532,587
24,270
40,000
133,319
216
-387
-115,537
64,578
205,494
364
1,000
-83,132
9,638
-71,121
-6,543
1,012,295
258, 492
5,441,413
57,612
122,726
34,908
Total liabilities and investment
1,482,782"
3U, 3M
7,078,077
65,894
122,881
35,124
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
1,473,118
-1,214,625
10,974,000
-5,532,587
173, H8
1,012,295
-115,537
205,858
-83,132
25,270
9,638
64,578
-71,121
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
1,012,295
258,492
5,441,413
57,612
122,726
34,908
-6,543
-6,576
97,073
1,046
-797,333
489,056
158
211
6,543
investmsnt excl. interagency items.
1,102,791
259,538
5,133,137
57,770
122,734
35,119
Total Dnited States interest
D. S.
U. S.
Footnotes at end of Table
8.
(Continued on following page)
Treasury Bulletin
10S
.CORPORATIONS AND CERTAIN OTHER BUS MESS -TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1961
-
(Continued)
(in thousands of dollars)
Defense Department
Commerce Department
Maritime activities
Interservice
activities
ftviat ion
war risk
insurance
revolving
fund
Federal ship
insurance
fund
Vessel
operations
revolving
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2,
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net
.
3,800
725
11,540
17
833
1,672
3
A, 333
'
3,500
3,676
-696
£,502
)
11,316
Total assets
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, end notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. 3
Other liabilities (including reserves)...
458
6,723
•
Total liabilities
,
*
859
NET DIVESTMENT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. 3. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (-
-625
2,483
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U.
U.
S.
Investment excl. interagency items.
Footnotes at end of Table
1
-
11,316
4
War risk
insurance
revolving
fund
[nland
Waterways
Corpor
Wherry
Ac^
housing 21/
Civil defense
procurement
fund
February 1962
mi
Treasury Bulletin
110
—CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
2.Public
Enterprise Revolving Funds, September 30, 1961
Table
(In thousands of dollars)
-
(Continued)
!
February 1962
an
Treasury Bulletin
112
nni
February 1962
113
.
CORPORATIONS AND CERT ACT OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1961
(In thousands of dollars)
Treasury Bulletin
11*
.
Table 3.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condlt Ion
Intragovernmental Revolving Funds, September 30, 1961
(In thousands of dollars)
-
(Continued)
February 1962
115
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I -Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1961
-
(Continuedl
(Id thousands of dollar el
Health, Education, and
Welfare Dept.
Defense Department - (Continued)
Army Department
Stock
fund
Industrial
fund IJ
Navy Department
Corps of
Engineers
Stock
fund
Industrial
fund 47
Marine Corps
stock fund
Office of
the Secretary
Working
capital fund
ASSETS
Caah In banks, on hand, and in transit....
Fund balances with the U. S. Treasury 2/
Investments:
Public debt securities (par value)
Securities of Government enterprises.
Unamortized premium, or discount (-)...,
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losse s ( - )
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
.
.
542,338
163,977
264
142,990
38,691
3,759
2,219
290
22,204
907
7,839
65,080
11,447
1,812,731
111,880
1,006
237,643
789
92
89
268,951
151
240,633
-119,553
137
UP
3-963
180,946
2,114,301
499,701
309,569
690
910
9,909
90,202
33,417
10,912
7,275
144
19,373
28,779
220,843
.
Other
Allowance for loese e ( Acquired security or collateral (net) ....
Land, structures, and equipment
Accumulated depreciation ( -)
Other assets (net)
5,213
265,776
4,257
3,317,1%
23,983
1,436
118,492
)
Total assets
LIABILITIES
Accounts payable
Government agenc lea
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States
Other liabilities (including reserves).
Total liabilities
NET INVESTMENT
united States Interest:
IntereBt-bearlng Investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlntereet-bearlng Investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s ( - )
Total United States interest.
Total liabilities and Investment.
ANALYSIS OF UNITED STATES INVESTMENT
United States Investment
Accumulated net Income, or deficit (-)...
Total United States investment Including
interagency items
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
Total United States Investment after
exclusion of Interagency items
Footnotes at end of Table
3.
8^,357
4,719,188
125,805
60,798
1,73 L
309,623
4,792
17,694
320
-156
23
40
66,318
23,296
65
8
3,104
1,033
7,482
12,980
38,221
41.993
13.483
95, 353
1-526
199,583
85,036
60,294
137,102
191,171
19,713
333
206, 93C
15,782
24,525
95,221
303,090
-35,804
-117,500
577,650
223
-4,101,056
1,876
905
-824,015
41,244
-170,295
134
4,519,605
4,7iy,188
224,588
120,651
180,946
1,977,199
2,114,301
303.530
499,701
239.85b
3*, 623
8,620,661
-4,101,056
222,712
1,876
119,746
905
2,801,214
-824,015
267,286
41,244
460,150
-170,295
223
134
4,519,605
224,588
120,651
1,977,199
308,530
289,856
35?
-265,776
125,805
-23,983
4,792
-22,204
910
-65,080
90,202
-111,880
7,023
-789
10,912
-89
152
4,379,634
205,397
99,358
2,002,321
203,673
299.979
420
-2,685,843 i/
11,306,504
(Continued on following page)
336,587 5/
2,464,627
_7H_
35?
690
Treasury Bulletin
116
.
CORPORATIONS AND CERTAIN OTHER BOSXNESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1961
(In thousands of dollars)
-
(Continued)
February 1962
117
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certa In Other Activities, September 30, 1961
(In thousands of dollars)
International Cooperation
Administration
Loan programs
Total
1/
U. S. dollar
loans
Foreign
currency
loans
Canal
Zone
Government
Civil
Service
Commission
u
Export- Import
Bank of
Washington
Federal
Communications
Foreign
currency
loans
Commission
y
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury £/ .
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
3,605
3,905,210
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
leans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
31,573
6,050
5,232
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the D. S
Not guaranteed by the 0. S
Other liabilities (including reserves)...
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
37
21,053
1,789,819
717
582
204
7,121,711
114
65
23
13,020
3,210
9,878,823
2,005,262
-94,514
463
6,913,533
-953,274
202,915
1,057,004
941
1,951,856
53,405
-3,909
50,841
-18,861
2,568
3,883
202,915
27,350
V
1,810,368
1,973,196
29,679
70,340
35,454
173,688
3,419
1
69,232
21,722
3,122
253,354
503
5
11,277
47
872
606
889
10,771
59,216
31,206
15,839
16,142
11
10
205
1,120
679
5,009
43
449
36
679
9,050
2,675
13,172
1,954,492
24,678
35,503
17,925
153,713
27,350
569,134
38,832
5,034,844
1,105,449
19,913,344
6,261,432
10,108,382
-2,329,786
710,627
-1,799,950
-49,940
37,188,267
1,771,535
1,972,517
60,182
19,i~.7
253,354
2,970
37,757,40r
1,810,363
1,973,196
69,232
21,722
253,354
16,142
1,954,492
18,025
1,403
263,826
1,123
5,399
U. S.
1,771,535
U. S.
-376,828
155.554
36,966,993
11,482
1,783,018
8.
21,339
1,765,209
1,766,136
5,399
Footnotes at end of Table
2
23
320,991
430;061
39,518,053
-2,329,786
investment excl. interagency items.
12,237
5,050
37,188,267
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
18,845
5,108,650
37,757,401
Total assets
106
27,241
1,312
3,476
18,025
541
2,429
-5,716
-4,756
)
:
.
US
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1961 - (Continued)
(in thousands of dollara)
Federal
Maritime
Commission
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
Ou public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net )
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
y
'.
Federal
Mediation and
Conciliation
Service
Federal
Power
Commission
3,806
7,487
national
Aeronautics
and Space
.dministratlon
Panama
Canal
Company
Thatcher
Ferry
Bridge 2/
2,043,278
Selective
Service
System
31.87C
835
5,619
97
44
518
160
15,817
1
.
Total assets
83
380
1,059
520,450
216,651
7,773
1,269
4,198
8,688
2,803,328
19,897
492
3,421
11,554
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
27
202
35,804
2,336
2,802
5,931
37
14
145
321
1
9
4
496
972
32
5,668
82
J-5.569
174
Total liabilities
7,086
-3,155
45,027
3,340
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenue s (-
1,266
84
-121
-133
3,435
-116
2,043,168
715,134
19,897
39,108
3,931
7,870
-10,575
Total United States interest
1,095
3,319
7,870
2,758,302
19,897
32,4b4
Total liabilities and Investment
1,269
4,198
8,688
2,803,328
19,69'
35,804
ANALYSIS OF UNITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
1
U. S. investment incl.
interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S.
Investment excl. interagency items,
February 1962
119
.CORPORATIONS AND CKRTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I
Statements of Financial Condition
4.Certain
Othe
r
Table
Activities, September 30, 1961 - (Continued)
(In thousands of dollars)
Snail Business
Administration(Continued)
Grants for
research and
management
counseling
ASSETS
Cash in bankB, on hand, and in transit...
Fund balances with the U. S. Treasury
.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net).
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
U
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
in Guaranteed by the U. S
Not guaranteed by the U. S
Otl
liabilities (Including reserves)..
Total liabilities
NET INVESTMENT
Unites States interest:
Interest-bearing investment:
Capital stock
Borrowings from the D. S. Treasury...
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalisation of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues
Total United States interest.
Total liabilities and investment.
ANALYSIS OF POTTED STATE S INVESTMENT
United States investment.
Accumulated net Income, or deficit (-)...
interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies...*
U. S. investment excl.
Interagency items.
Footnotes at end of Table
Public Works
Administration (in
liquidation)
Strategic
and critical
materials
Agriculture
Department
All
other
Farmers
Home
Administration
2/
6
743
612
126,469
70,919
756,483
12
26,703
2
89
67
3,411
7,093,636
4,863
18,204
1,301
27
97
524
Commerce
Department
Rural
Electrification Administration
1,229
69,203
Maritime
activities
529,337
993
33
641
83,689 2/
76,497
22
90
10
2
289
14,595
5,117
29,349
156, 410
1,426
1,046,948
3,408,955
3,210
143,884
-81,515
-9,090
26
463
9
77,352
743
Total assets
U. S. investment lncl.
General Services Administration
United
States
Study
CommissionTexas
1,313,863
691
-284
4,415,442 10/
-806,341 11/
31,757
51
608,451
595
7,168,157
2,815,162
1,123,381
1,742
917
20,791
13,289
3
51
15
15
37
37,854
3,825
1,470
16,709
397
147,707
83
743
2,050
-1,135
5
3,627,205
4,333,747
59,206
6,100
270
29
743
3,909
117
743
3,909
-3,909
335
702
19
55
2,906
59,603
4,664
1,187
15,448
5,566
100,052
19,738
18,735
260,987
522,807
3,406,588
610,898
438,166
-4,663
-211,399
299,051
2,624
77,352
-3,909
1,028
8,734
7,162,591
2,715,110
-2,129
-1,084
-94,522
2,765,194
4,973,186
-1,218
-2,677,294
-252,166
-1,561
-982,107
495
77,352
7,162,591
2,715,110
1,103,643
3,608,471
4,077,760
612
77,352
7,168,157
2,815,162
1,123,381
3,627,205
4,338,747
2,624
-2,129
77,352
7,162,591
2,715,110
1,315,042
-211,399
3,702,993
-94,522
6,755,055
2,677,294
495
77,352
7,162,591
2,715,110
1,103,643
3,608,471
4,077,760
-79
1,742
-31,566
26,891
-26
4,855
-2
17,095
-3,521
59,923
7,164,254
2,710,435
1,108,473
3,625,563
4,134,162
112
77,352
(Continued on following page)
Treasury Bulletin
120
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1961 - (Continued
(la thousands of dollars)
!
February 1962
121
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, September 30, 1961
(In thousands of dollars)
:
Aooount
Treasury Bulletin
122
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, September 30, 1961
(In thousands of dollars)
1/
Consists oi" trust revolving funds that are submitting statements on a
2/ See Table 1, footnote 1.
quarterly basis and certain trust revolving funds that are submitting
*
Less than $500.
statements on a semiannual and an annual basis at the present time.
(Continued on following page)
February 1962
nnpp
Treasury Bulletin
12^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 7.-
Section 1 - Statements of Financial Condition
Loans Outstanding September 30, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, ClaflBlfled by Types of Loans V
Part A.- Activities Reporting on a Quarterly Basis
(In thousands of dollars
'
February 1962
125
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7,- Loans Outstanding September 30, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued)Part A.- Activities Reporting on a Quarterly Basis - (Continued)
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
To aid States. Territories,
etc.
Total 2/
:
General Services Administration:
Public Works Administration (in liquidation).
Housing and Home Finance Administrator:
Public facility loans
Liquidating programs
Urban renewal fund
Inland Waterways Corporation
Public Housing Administration
Treasury Department:
Miscellaneous loans and certain other assets.
76,497
58,415
7,880
96,812
4
110,422
33,163
Total to aid States, Territories, etc.
To aid financial institutions :
Loans to banks:
Federal Savings and Loan Insurance Corporation.
Foreign loans :
Expansion of defense production:
Export- Import Bank of Washington
Other purposes:
Commerce Department:
Maritime activities
Development loan fund
Export-Import Bank of Washington:
Regular lending activities
Liquidation of certain Reconstruction Finance Corporation
assets
Loans to United States firms and domestic or foreign firms
in foreign countries
International Cooperation Administration
Treasury Department:
Miscellaneous loans and certain other assets
Total foreign loans.
Other loans
Farm Credit Administration:
Federal Farm Mortgage Corporation
General Services Administration:
Federal Facilities Corporation
Surplus property credit sales
Health, Education, and Welfare Department:
Office of Education:
Loans to students (World War II
Housing and Home Finance Administrator:
College housing loans
Housing for the elderly
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Revolving fund for loans
Office of Territories:
Loans to private trading enterprises
Public Housing Administration
Small Business Administration:
Revolving fund (lending operations
Reconstruction Finance Corporation liquidation fund.
Treasury Department:
Miscellaneous loans and certain other assets
Veterans' Administration:
Service-disabled veterans insurance fund
Soldiers' and sailors' civil relief
Veterans special term insurance fund
Vocational rehabilitation revolving fund
:
'
'
Total other loans.
Total loans.
,
,
,
,
,
,
Public enterprise
revolving funds
Foreign
Certain other
activities
currency-
loans 2/
Treasury Bulletin
126
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding September 30, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Contlnuedl i
Part B.- Activities Reporting on an Annual Basis 2/
(In thousands of dollars)
•
1
February 1962
127
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
Excluding Interagency Loans but Including Foreign Currency Loans
Part A.- Classified by Types of Loans
(In millions of dollars)
6
'
i
Treasury Bulletin
12g
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
Excluding Interagency Loans but Including Foreign Currency Loans - (Continued)
Part B.- Classified by Agencies
{In millions of dollars)
End of period
Development
loan
Total
3/
fund
International
Cooperation
Administration
Export-Import Bank
of Washington
W
12,771.7
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.8
22,893.4
27,510.7
29,568.3
31,527.1
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
13,413.2 14/
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
28,507.8
30,469.2
31,393.9
32,771.3
Current quarters
1960-Mar.
3l7
Sept. 30.
1961-Mar.
31.
Sept. 30.
Federal
Farm
cooper- Mortgage
atives Corp. 2
Banks
for
Expansion of
defense
prod.
3/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
y
u
457.2
529.7
543
.1
.4
13.1
22.3
30.3
36.5
32.4
28.4
24.4
69:
885
111
1.5
67.0
262.1
513.5
2,436
2,894
3,263.1
3,655.5
15.1
233.3
321.6
388.9
547.0
761.8
773.6
681.5
630.2
061.3
486.6
268.0
414.9
245.1
312.1
343.1
324.3
309.2
321.7
349.1
384.3
410.0
525.9
553.1
596.7
52.9
39.7
29.3
21.6
15.9
11.6
345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
622.9
650.1
45.5
34.0
24.9
18.4
13.4
11.6
608.8
591.2
667.0
645.7
159.3
378.8
1,514.3
1,536.8
1,623.9
1,766.8
1,994.6
2,194.8
2,682.3
3,042.6
3,381.9
7.9
19.8
23.5
38.2
34.4
30.4
26.4
22.3
2,226.5
2,296.0
2,496.1
2,833.3
2,806.2
2,702.2
2,663.1
3,005.6
3,332.1
3,231.3
3.290.5
217.4
304.9
434.9
570.8
3,115.0
3,310.0
3,531.7
3,737.3
26.4
24.4
19.5
12.9
3,239.5
3,263.6
3,370.9
3,627.0
u
5.9
Farm Credit Administration
.2
Housing and Home Finance Agency
End of period
Office
of the
Administrator
127
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
905.4
1,116.8
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
26.1
40.5
42.2
78.2
192.2
264-3
352.4
356.7
570.1
835.1
1,007.7
Current quarters:
1960-Mar.
31.
Sept.
30.
1961-Mar.
31.
Sept.
30.
859.9
995.1
L,056.0
1,184.9
.1
Footnotes on page 130.
Federal National
Mortgage Association 16/
Management and
liquidating
Secondary
market
Special
assistance
1,055
1,578
2,068
2,356,
2,218,
2, 030,
1,726,
1,587,
9.1
233.4
1,248.1
1,393.6
1,573.8
2,600.5
2,522.3
Adminis-
tration
17/
20.1
23.2
32.5
37.4
43.9
56.6
2,497,
2,301
2,584
2,495
Federal
Housing
.4
24.6
164.2
1,211.1
1,690.1
1,828.8
166.7
202.2
20.2
29.5
35.0
40.5
48.3
67.4
1,346
Public
Housing
Administration
18/
1,499.1
1,520.3
1,736.1
1,476.6
2,124.3
I
,698.
Farmers
Home
Administration
12/
Rural
Electrification
Administration
85.1
154.8
245.5
346.6
393.7
466.0
26.8
54.1
380.2
398.4
Commerce Interior
Dept.
Dept.
Maritime
activities
260.7
265.4
226.3
195.2
171.3
1,928.9
1,633.8
2,114.4
1,729.9
1,001.5
1,031.5
1,081.1
1,151.9
3,139.8
3,236.4
3,329.1
3,409.0
184.7
176,5
156.4
147.6
13.6
13.4
13.0
91.4
136.8
95.7
111.2
1/
293.8
336.0
78.8
163.1
163.4
167.4
7.0
10.1
11.9
14.5
16.9
18.8
14.6
14.3
13.3
202.1
116.6
70.4
411.9
209.1
143.2
89.4
Other
20/
Other
21/
146.8
162.6
185.8
178.6
177.5
176.3
164.9
161.7
3,779.6 27.7
3,779.6 36.2
3,697.0 36.4
3,651.6 41.6
3,604.2 34.6
3,552.9 30.3
3,507.1 30.9
3,557.5 42.0
3,469.9 31.9
3,406.3 34.0
3,353.3 346.2
164.7
161.8
158.7
131.2
3,405.5 34.5
3,406.6 340.6
3,356.7 364.8
3,362.8 412.5
5.1
U.3
365 ..3
151.2
170.9
185.4
180.2
181.7
169.4
162.9
121.6
V
y
W
W
87.2
87.1
86.7
85.9
84.9
83.8
82.6
81.5
80.3
79.1
163.1
3,780.1 29.4
3,779.6 31.2
3,742.3 41.1
3,695.9 35.1
3,651.1 40.1
3,601.0 28.6
3,555.2 31.8
3,509.5 35.1
3,522.5 38.3
3,470.5 78.4
3,406.2 307.6
3,369.4 367.7
k
276.1
270.4
235.0
208.0
179.1
152.3
11.0
22.7
33.7
44.2
55.6
68.2
91.2
129.2
190.0
272.8
351.3
39,
50,
60,
78,
Expansion of
defense
prod.
11
2
106,
156,
231.
315.
388.
89.1
87.1
86.8
86.5
85.6
84.5
83.4
82.3
81.1
79.9
162.7
165.9
17,
28,
Treasury Department
RFC (in
liquision of dation)
defense 10/
prod.
8.9
11.0
13.2
15.8
18.0
14.7
14.3
13.6
175.6
190.3
217.3
944.0
1,096.3
1,190.4
1,256.2
Expan-
1,543.0
1,742.1
1,919.7
2,096.0
2,225.8
2,348.0
2,488.2
2,687.6
2,874.4
3,082.7
3,287.3
1,630.0
1,735.8
1,799.7
1,856.3
1,146.7
433.7
487.4
535.4
538.7
596.3
648.1
700.5
681.3
757.6
832.1
841.8
915.9
983.9
2,370.4
2,806.5
2,769.8
2,605.6
112.7
164.0
257.1
328.6
412.8
463.8
640.4
745.6
893.8
115.6
202.9
292.8
370.8
427.5
897.8
782.3
1,426.4
3,075.9
2,980.9
2,620.8
2,348.9
1,778.1
3,298.4
1,745.0
1,876.6
1,759.0
1,694.3
1,626.4
1,551.3
418.
816.0
771.1
762.8
589.5
59.4
132.3
207.4
298.2
370.2
433.3
521.3
694.1
824.7
1,054.9
1,228.7
2.2
34.9
1,412.7
1,644.2
1,831.2
2,013.8
2,164.0
2,285.6
2,413.2
2,585.8
2,773.6
2,973.5
3,186.5
3,367.4
183.3
5.6
72.2
816.0
805.9
864.2
951.6
867.5
1,416.8
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
General
Services
Loan
guaranty Administration
rev.
fund 12/ 12/
6.
555.8
564.7
593.5
645.4
753.9
769.6
810.6
866.5
902.7
962.6
1,013.1
1,110.6
1,568.4
1,779.1
2,555
2,417
510.2
633.0
673.3
590.2
637.7
689.4
733.6
928.8
1,159.0
1,395.9
1,501.7
1,625.7
1,844.2
Direct
loan
program
12/ 11/
547.4
697.8
830.9
3.9
2.2
Commodity
Credit
Corporation
Corp.
*
Business
Administration
922.7
354.0
389.7
1,162.6
2,367.9
2,137.4
2,319.0
1,994.3
1,600.0
2,480.3
1,347.0
1,522.8
2,289,
2,124,
1,949,
1,659,
2,461,
.
Veterans
Administration
Smell
320.7
464.1
623.7
634.9
252.2
99.5
90.1
94.2
91.3
89.1
93.1
97.5
85.7
648.7
1,635.8
1,380.7
2,049.8
2,903.0
2,241
2,461
Fed home
loan
banks
945.9
809.6
716.2
775.9
379.6
,227.0
2.2
2.2
1.5
Reconstruction
Finance
Board
442.8
816.2
652.7
718.3
675.1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
574.2
754.1
865.7
823.8
773.9
846.6
897.7
996.5
2.2
Fed. Home
Loan Bk.
Agriculture Department
369.3
609.3
922.4
544.5
113.2
92.9
106.0
105.4
95.9
87.4
99.3
1,849,
Federal
intermediate
credit
banks
February 1962
129
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYFE ACTIVITIES.
Footnotes to Table
1
Development and Assistance Act of 1954., as amended, and the Mutual
Security Acts, as amended. Dollar equivalents are computed for
reporting purposes, to provide a common denominator for the
currencies of the many countries involved. Foreign currencies on
hand and on deposit, and loans under section 104 (e) of the Agricultural Trade Development and Assistance Act of 195/.., as amended,
are stated at the rates as of September 30, 1961, at which the United
States could purchase currencies on the market for regular operating
purposes. Other loans are stated at the rates at which they are to
be repaid or at rates in effect when the loans were extended
Currericies that are dollar denominated or guaranteed as to rate of
exchange, are stated at rates specified in the agreements.
1/ These amounts consist in the main of unexpended balances of general,
special, and revolving fund accounts against which checks may be
drawn to pay proper charges under these funds. The funds are
considered as assets of the agencies, but are not assets of the
United States Government since funds must be provided out of cash
balances of the Treasurer of the United States and future receipts
to take care of checks to be issued against the balances.
2/ Includes foreign currency assets, representing loans and other
receivables recoverable in foreign currency as well as balances of
foreign currencies in United States depositaries, aggregating
$2,700,936 thousand in dollar equivalent. These currencies, acquired
primarily without the payment of dollars, were generated under
various Government programs, principally the Agricultural Trade
Footnotes to Table 2
Defense Mobilization is now known as the
Office of Emergency Planning in accordance with the act approved
September 22, 1961 (75 Stat. 630).
2/ See Table 1 , footnote 1
table. See
3_/ Foreign currency assets are included throughout the
Table 1, footnote 2.
tj Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed and insured loans which were made by private financial institutions. These
commitments are of a contingent nature and have been excluded from
their balance sheets. The major agencies that have these contingencies and the amounts are as follows:
Amount
(In thousands
Activity
of dollars)
1/ The Office of Civil and
27,748
Development loan fund
Small Business Administration:
21,680
Revolving fund (June 30, 1961)
Veterans' Administration:
16,394,300
Loan guaranty revolving fund (June 30, 1961)
Housing and Home Finance Agency:
Office of the Administrator:
713,348
Urban renewal fund (June 30, 1961)
35,485,787
Federal Housing Administration
Public Housing Administration:
Local housing authority bonds and notes (commit2,998,976
ments covered by annual contributions)
871,140
Local housing authority temporary notes (guaranteed)
Agriculture Department:
Farmers Home Administration:
192,761
Agricultural credit insurance fund
Commerce Department:
358,107
Federal ship mortgage insurance fund
Defense production guaranties (various activIties)(June
1 71 ,377
,
1
961
30
5_/ Represents the remaining accountability of the United States Government In certain assets and liabilities transferred from the Reconstruction Finance Corporation effective July 1, 19546/ This Corporation was abolished October 4, 1961, pursuant to the act
approved October 4, 1961 (75 Stat. 773), and its remaining assets
'
were transferred to the Secretary of the Treasury for liquidation.
7/ Represents notes acquired from the sale of certain assets to the
Federal land banks (see footnote 1 at the end of Table 7).
8/ The surplus is considered by the Corporation as available for future
insurance losses and related expenses with respect to insured
institutions
2/ Represents accrued interest expense on borrowings from the United
States Treasury on which payment has been deferred.
10/ Consists of net income from power operations of $592,958 thousand and
net expense of nonrevenue-producing programs of $231,337 thousand.
11/ Included beginning September 30, 1961 (see Table 4, footnote 1).
12/ This Corporation was dissolved at the close of September 30, 1961,
pursuant to the act approved August 30, 1961 (75 Stat. 419). The
liquidation functions are being carried on by the Administrator of
General Services.
13/ Represents purchase money mortgages formerly classified as other
assets (see footnote 1 at the end of Table 7).
yj Represents the equity of the United States Treasury in this fund.
15/ Includes reserves and unrealized equity in the assets of the Defense
Homes Corporation which are being liquidated by the Association.
16/ Includes unrealized purchase discounts amounting to $5,937 thousand.
17/ The funds previously reported under this heading as the disaster
loans, etc., revolving fund and the farm tenant mortgage insurance
fund are now designated as the emergency credit revolving fund and
the agricultural credit insurance fund, respectively, pursuant to the
act approved August 8, 1%1 (75 Stat. 309, 312).
18/ Includes operating and administrative expenses funds.
12/ Includes guaranteed loans and certificates of interest aggregating
$336,091 thousand which are held by lending agencies.
20/ Established by Executive Order No. 10952 dated July 20, 1961.
21/ Figures are as of June 30, 1961, the latest available.
22/ Includes $8,903 thousand advanced from a revolving fund which has
been established by appropriations.
22/ Figures are as of October 13, 1961.
2 4/ Valued at cost, estimated if not known. Amounts, including accumulated depreciation, are to some extent preliminary, and subject to
adjustment.
assets and liabilities of this fund exclude resources on order of
The
25/
$180,596 thousand as reported by the Post Office Department.
*
Less than $500.
Footnotes to Table 3
1/ Consists of administrative expenses, foreign aid procurements;
construction services, public buildings; and working capital fund.
2/ See Table 1 , footnote 1
Has
been reduced by rescissions and transfers made by the Defense
3_/
Department stock funds (see footnote 5).
4/ Excludes capital property such as land, structures, and equipment
5_/
*
as follows: Air Force, $1,207,625 thousand; Army, $1,463,548
thousand; and Navy, $2,535,900 thousand.
Has been reduced by rescissions and transfers to other accounts as
follows: Air Force, $455,000 thousand; Army, $3,110,500 thousand;
Navy, $1,691,500 thousand; and Marine Corps, $157,500 thousand,
Less than $500.
Footnotes to Table 4
1/ The Veterans' Administration loan guaranty program, formerly included
in this table, was converted to a revolving fund effective July 1,
1961, pursuant to the act approved July 14, 1960 (74 Stat. 533), and
is now included in Table 2.
2/ Represents assets and liabilities of the United States Civil Service
2/
4/
%/
6/
7/
8/
Commission exclusive of trust and revolving funds.
Represents the Cooley loan program established pursuant to the act
approved August 13, 1957 (71 Stat. 345).
See Table 1 , footnote 1
Foreign currency assets are included throughout the table. See Table
1, footnote 2).
Included beginning September 30, 1961
The "Panama Canal Bridge*1 has been designated the "Thatcher Ferry
Bridge" pursuant to the act approved August 3, 1961 (75 Stat. 279).
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic and critical
materials.
9_/
10/
11/
12/
13/
14/
Represents notes and mortgages acquired from credit sales of surplus
property. Formerly included with accounts and notes receivable (see
footnote 1 at the end of Table 7)
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand; and subscriptions to the
International Monetary Fund, the International Finance Corporation,
the Inter-American Development Bank, and the International Development Association amounting to $4,125,000 thousand, $35,168 thousand,
$80,000 thousand, and $73,667 thousand, respectively.
Includes $200,371 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due
the United States in the principal amount of $1,540,835 thousand.
Includes loan to the United Kingdom amounting to $3,314,460 thousand
outstanding
1^/ Represents interest on invested capital.
*
Less than $500.
.
Treasury Bulletin*
130
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 8
1/
Table 8 relates to all loan programs of Government agencies. It includes not only the United States dollar and foreign currency loans
summarized separately in Table 7, but also the loans made, all in
United States dollars, by deposit funds (Table 5) and trust revolving
funds (Table 6). Table 8 beginning June 30, I960, includes purchase
money mortgages and similar long term paper which have been reclassified as loans pursuant to an amendment issued June 23, 1960, to Departircular No. 966 (see footnote 1 at end of Table 7).
Includes guaranteed loans held by lending agencies.
he major portion of the loans of the Veterans' Administration loan
guaranty revolving fund is included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter (see footnote 12).
Lgures representing loans made by the International Cooperation Administration prior to 1952 are not available at this time.
Includes guaranteed loans held by lending agencies through December
?58, and the loan to the United Kingdom.
on maritime activities were not received by the United States
Treasury Department during the period from March 31, 1947, through
il, 1953. Reorganization Plan No. 21, effective May 24, 1950,
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 £nd thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date, certain mortgage notes are classified as mortgage loans.
Established in the Department of State by Executive Order No. 10610,
dated May 9, 1955, and effective at the close of business June
1955, as successor to the Foreign Operations Administration. Data for
earlier periods are for predecessor agencies.
From June 30, 1956, through March 31, 1960, the notes receivable which
had previously been classified as loans were classified as other assets
and were not included in this table. These notes have now been reclassified as loans, and beginning" June 30, I960, are included in this
table (see footnote 1 at end of Table 7).
On September 29, 1953, pursuant to the act approved July 30, 1953 (15
U.S.C. 609), the Reconstruction Finance Corporation started liquidation of its activities, except those carried on by the Corporation
pursuant to Section 409 of the Federal Civil Defense Act of 1950 (50
App. U.S.C. 2261) and expansion of defense production activities carried on pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C. 2091-2094), which had been transferred to the Secretary of the Treasury as of September 28, 1953, and as of the close of
business on September 28, 1953, respectively. Effective at the close
of business June 30, 1954, pursuant to Reorganization Flan No. 2 of
1954, certain functions and related assets of the Corporation were
transferred to the Export-Import Bank of Washington, the Federal
National Mortgage Association, and the Small Business Administration.
On July 1, 1954, the remaining activities of the Corporation were
transferred to the Secretary of the Treasury to complete their liquidation, pursuant to the act of July 30, 1953, as amended June 29, 1954.
The Corporation was abolished effective at the close of business
June 30, 1957, by Reorganization Plan No. 1, of 1957, and the remaining
functions of the Corporation were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator of the Small Business Administration, and the Secretary of the
Treasury.
Figures include loans for expansion of defense production from June
1951, through June 30, 1953, and Federal civil defense loans as of
June 30, 1953 (see footnote 10).
"!
Administration loan guaranty program was converted to
a revolving fund effective July 1, 1961, pursuant to the act approved
July U, 1960 (74 Stat. 533).
Figures through March 31, 1960. consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, 1%0,
include also: loans of Federal Facilities Corporation, the Reconstruction Finance Corporation liquidation fund, surplus property
credit sales (see footnote 1 at end of Table 7), and loans acquired
pursuant to the Defense Production Act of 1950, as amended (50 App.
U.S.C. 2091) through March 31, 1961.
Totals include loans of Home Owners' Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.*' million as of December 31,
1950.
r
,
5_/
'
.
7/
8/
2/
10/
1J/
,
1^/
12
\tj
'
15/ Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation) and urban renewal loans authorized by the Housing Act of 1949, as amended
beginning December 31, 1951, college housing loans authorized by the
Housing Act of 1950, as amended (12 U.S.C. 1749); beginning December
31, 1954, loans held by the revolving fund established pursuant to
the act approved June 24, 1954 (68 Stat. 295) for liquidation of not
only Alaska housing, community facilities service and prefabricated
housing loans already included but also loans under the Farm Security
Administration program, the public war housing program, and the
veterans' re-use housing program, all three of which previously were
handled by the Public Housing Administration; as of December 31,
1955, public works planning loans authorized by the Housing Act of
pproved August 2, 1954 (40 U.S.
beginning December 31,
v
1956, public facility loans authorized by the Housing Amendments of
1955 approved August 11, 1955 (42 U.S.C. 1491 .; as of December 31,
1956, June 30, 1957, and from June 30, 1960, through September 30,
'
community disposal operations loans authorized by the Atomic
Energy Community Act of 1955 approved August 4, 1955 (42 U.S.C. 2301
note) and Executive Order No. 10657 of February 14, 1956; and as of
mber 30, 1961, loans for housing for the elderly authorized by
the Housing Act of 1959, as amended (12 U.S.C. 1701q).
16/ The Federal National Mortgage Association Charter Act approved August
1954 (12 U.S.C. 1716), authorized the Association to carry on
three functions consisting of management and liquidating functions,
secondary market operations, and special assistance functions. Its
activities under these three functions began on November 1, 1954.
17/ From June 30, 1956, through March 31, 1960, the mortgage notes and
sales contracts which had previously been classified as loans were
classified as other assets and were not included in this table.
These mortgage notes and sales contracts have now been reclassified
as loans, and beginning June 30, 1960, are included in this table (see
footnote 1 at end of Table 7)
18/ All figures in this column include the loans of the low-rent public
housing program fund (formerly known as the United States Housing Act
program) Also included are the homes conversion program as of June
30, 1950, the Farm Security Administration and public war housing
programs from June 30, 1950, through June 30, 1954, and the veterans'
re-use housing program from June 30, 1953, through June 30, 1954 (see
footnote 15).
19/ Consists of the emergency credit revolving fund, the agricultural
credit insurance fund (formerly known as the disaster loans, etc.,
revolving fund and the farm tenant mortgage insurance fund, respectively); the farm housing and other loan programs; and the State rural
rehabilitation funds beginning June 30, 1956. Prior to June 30, 1956,
the agricultural credit insurance fund was included in the statement
of financial condition of the loan programs.
20/ Consists of the loan to the United Kingdom and other miscellaneous
loans, Federal civil defense loans beginning December 31, 1953, and
the loans of the Reconstruction Finance Corporation liquidation fund
beginning December 31, 1957 (see footnote 10).
2 1/ The major portion of the loans is held by: the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund beginning June 30, 1957, Indian loans, and Alaska public works loans
beginning June 30, I960; Department of the Army - guaranteed loans
(World War II) through December 31, 1957; Office of Education - loans
to students -and educational institutions as of June 30, 1959, and
from June 30, I960, through September 30, 1961; Federal Savings and
Loan Insurance Corporation and Defense Department (military assistance
credit sales) beginning June 30, I960; and agencies reporting loans
pursuant to the Defense Production Act of 1950, as amended (50 App.
U.S.C. 2091), which consist of the Departments of the Army beginning
June 30, 1951, Navy beg
-ember 31, 1951, and Air Force beginning June 30, 1956, and the General Services Administration as of
December 31, 1959 and March 31, 19
»
Less than $50,000.
.
'
,
-
,
.
-
;
131
7
ebruary 1962
.
CUMULATIVE TABLE OF CONTENTS.
March 1961 through February 1962
Issue and page number
l'3bJ
1961
Rc pm-tlnp
bases
Articles
Treasury financing operations
:
1
Summary of Federal f iscal operations
July
Aug.
Sept.
Dec.
Oct.
Jan.
Feb.
II
II
Mar.
Apr.
May
II
II
II
II
II
II
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
1
1
1
1
1
1
1
9
9
10
11
9
9
10
11
9
9
10
11
9
9
9
10
11
10
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
13
13
14
15
15
16
17
13
15
15
20
20
15
15
Budget receipts and expenditures:
Receipts by principal sources
categories
Detail of miscellaneous receipts by major
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
and
Summary of appropriations and authorizations, expenditures,
balances, by agencies
Expenditures and balances by functions
Trust account and other transac tions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
debt securities...
Net investment by Government agencies in public
agencies in
Net redemption or sale of obligations of Government
the market
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Summary 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 account
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
account...
and reconciliation to transactions through Treasurer's
13
13
14
14
15
16
14
14
19
19
14
14
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
accounts.
Special public debt issues to U. S. Government investment
agencies
Treasury holdings of securities issued by Government
but
not
agencies
Federal
by
issued
Interest-bearing securities
guaranteed by the U. S. Government
15
20
15
L6
16
16
21
21
16
16
17
17
regular weekly Treasury bills
United 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
combined.
Sales and redemptions by denominations, Series E and H
Sales by States, Series E and H combined
16
17
17
13
14
15
15
16
17
15
15
16
17
17
21
22
22
16
17
17
16
17
17
20
21
20
22
22
22
22
22
23
22
23
23
24
23
24
2
13
20
19
20
24
25
21
21
22
21
21
22
26
26
27
21
21
22
23
24
22
23
24
27
28
29
25
25
26
22
22
23
27
27
28
22
22
23
22
22
23
27
27
28
24
25
28
29
30
23
24
25
23
24
25
29
28
30
26
26
32
27
27
27
29
28
28
30
31
32
32
28
30
32
33
35
37
28
10
30
32
28
30
32
33
34
34
34
39
34
34
39
45
38
47
49
20
21
31
33
43
46
46
47
49
20
21
27
33
46
24
25
26
26
31
46
.'J
20
21
26
31
u
21
25
32
34
36
41
22
30
27
29
38
21
22
31
27
29
38
20
20
20
23
17
Statutory debt limitation
Public debt operations
securities
Maturity schedule of interest-bearing public marketable
other than regular weekly Treasury bills
•••
Offerings of Treasury bills
bills
New money financing through regular weekly Treasury
regular
Offerings of public marketable securities other than
weekly Treasury bills
public
for
subscriptions
on
classes
Investor
Allotments by
bills
marketable securities other than regular weekly Treasury
than
Disposition of matured public marketable securities other
11
16
16
20
19
Debt outstanding:
Summary of Federal securities
15
15
14
14
'
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
].!
12
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date December 31, 1961)
Cash income and outgo:
9
38
39
39
39
44
40
.;o
42
47
43
43
49
53
49
49
50
49
49
50
52
52
55
55
56
58
59
46
41
42
42
51
46
46
47
49
48
48
49
51
48
48
49
48
48
51
51
51
52
54
55
1
(Continued on following page)
33
35
37
49
53
54
56
57
60
:
.
treasury Bulleti)
132
___CUMOLATIVE TABLE OF CONTKNTS.
March 1961 through February 1962
-
(Continued)
Issue and page number
1961
Apr.
Ownership of Federal securities:
Distribution by classes of Investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of
Ownership by banks, insurance
Ownership by commercial banks
Reserve System (latest date
Federal securities:
companies, and others
classified by membership in Federal
December 31, 1961)
May
June
50
51
50
51
56
57
52
50
51
52
53
53
52
54
54
Jan.
Nov
53
54
52
56
56
58
62
51
64
58
Ave rage yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
.
Chart - Average yields of Treasury and corporate bonds
63
64
59
.0
65
66
Ml
65
66
6:
.7
61
6:
68
1
Internal revenue collections
Summary by principal sources
Chart - Internal revenue collections by principal
Summary by States, calendar year 1960
Detail of excise tax collections
Oct.
54
60
58
60
62
.
Aug. Sept.
59
50
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
.
July
59
7'
59
61
58
60
62
64
61
62
65
66
62
63
63
64
67
68
64
65
58
60
69
63
Monetary statistics:
'
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
December 31, 1961)
Exchange Stabilization Fund (latest date September 30, 1961):
Balance sheet
Foreign exchange transactions
U. S. stabilization agreements
Income and expense
-
69
70
70
71
72
•
3
64
64
"0
71
71
65
72
66
73
65
66
66
67
68
65
66
66
67
68
72
73
71
72
73
72
74
75
73
74
68
65
66
66
67
..,,-1
73
79
79
80
74
-
80
National bank reports:
Earnings, expenses, and dividends for calendar years 1956-60
International financial statistics:
0. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
Capital movements between the United States and foreign countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-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.
Purchases and sales of long-term securities by foreigners during
calendar year 1960
69
73
76
80
81
.7
70
76
79
74
75
83
84
70
73
77
78
70
73
77
78
82
76
77
85
79
79
80
'83
83
87
88
84
86
87
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts.
Transactions and balances in agency accounts...
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date September 30, 1961)
expense (latest date June 30, 1961)
application of funds (latest date June 30, 1961)
76
79
83
84
79
83
84
@FedFRASER