Full text of Treasury Bulletin : February 1963
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EUILILIETm
FEBRUARY
- 1963
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OFFICE DF THE SECRETHRV
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}bTuary 1961
Table of Contents
Page
Treasury financing operations
,
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
10
Cash income and outgo
20
Account of the Treasurer of the United States
28
Debt outstanding
30
Statutory debt limitation
35
Public debt opera t ions
36
United States savings bonds
62
Ownership of Federal securities
68
Treasury survey of ownership of Federal
securities
70
Market quotations on Treasury securities
78
Average yields of long-term bonds
81
Monetary statistics
83
International financial statistics
87
Capital movements
^^
Corporations and certain other business-type
activities - statements of financial condition... 100
Cumulative table of contents
133
Ireasury nulletin
IZ
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Balances of the United States Government" and
In the "Treasury Bulletin" are based largely on two Treasury
for actual receipts and expenditures in the "Budget of the
financial reports, the "Dally Statement of the United States
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money."
aents are given as sources for Individual tables, they are
Their respective reporting bases are
For other data In the Bulletin, Informa-
cited by name only.
described below,
tion on sources or reporting bases Is given In connection
with the tables themselves.
of certain interfund transactions which are included In
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of interest payments and
minor amounts of certain other payments made by Government
This reporting change was made In'
agencies to the Treasury.
accordance with the plan stated In the President's Budget
The monthly statement of receipts and expenditures
was first published for February 195*^1 ^^^ replaced the
dally statement as the primary source of Information on
Message of January IS, i960.
budget results and other receipt and expenditure data
classified by type of account. At the ssune time, the
September i960 issue. The interfund transactions deducted
under this procedure do not Include payments to the Treas-
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
ury Biilletin were revised to the new reporting basis in the
and withdrawals affecting the account of the Treasurer of
of their capital stock and for disposition of earnings.
Both publications have provided compar-
These capital transfers have been excluded currently from
budget receipts and budget ejqjenditures beginning July 1,
the United States.
ative figures on their respective bases from the beginning
of the fiscal year 1953195'^-,
The announcement of February 17,
with respect to these reporting changes may be found
In the April 1951+ Issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
Including those made from cash
accounts held outside the United States Treasury. The
Information Is compiled from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies. Including those agencies which maintain
checking accounts in comiiercial banks.
These reports cover
transactions recorded in the accounts of the £igenciee
during the reporting period.
The net of the transactions
and figures for prior fiscal years back through 1932
19'*^,
were revised accordingly at that time.
The daily statement on the new basis was first Issued
for February 17, 195'^»
shown,
I"^
^^^ deposits and withdrawals as
no distinction is made as to the type of accounts
The deposits are on the basis of
(budget, trust, etc.).
certificates of deposit cleared through the account of the
Treasurer of the United States.
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
of checks issued and are adjusted by means of clearing ac-
as compiled from these reports is reconciled in the monthly
counts to the total of checks paid.
statement to changes in the balance in the Treasurer's ac-
minor amounts, noncash interfund and other Intragovernmental
count and In cash held outside the Treasurer's account and
transactions are excluded.
changes in the public debt outstanding.
daily statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks Issued or cash payments made
by disbursing officers.
Transactions of an Interfund or
intragovernmental nature are included on the seune basis
even though the actual issuance of checks may not be involved.
Interest on the public debt is included on an
accrual basis beginning with figures for June 1955 and
Except for relatively
The public debt figures in the
reported on the basis of telegrams from Federal Reserve
Noncash debt transactions are included, however.
Banks.
The daily statement before February 17, 195'+, 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 interfund and other intragovernmental transactions.
It provided information similar to that in the present daily
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of -month dally
the fiscal year 1955. Prior to that, it was Included on
a due and payable basis.
The same reporting basis as that
in the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown
statement with respect to debt Issuance, retirement,
and
Receipts and expenditures, however, were
:
February 196 J
III
Reporting Bases
In the dally statement were used as the basis for reflecting
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
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November igUg and on a checks-paid basis prior to that time.
the Treasurer's account were reported on two successive
The circulation statement reflects transactions through
Through 19^6 they were on the basis of checks paid
the Treasurer's account which affect monetary stocks of gold
by the Treasurer of the United States.
Beginning with 19^7>
expenditures made through the facilities of the Treasury
and sliver and the amounts of coin and currency In the money
supply of the country.
It Is Issued later than the daily-
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
however, and the figures are based on transactions consummated during the reporting period even though
of the Department of Defense and its predecessor organiza-
some may not have cleared the Treasurer's account during
bases.
tions, were on the basis of checks paid.
Mote:
\ftiere
Transactions han-
statement,
that period.
calculations have been made from unrounded figures,
the details may not check to the totals shown.
February 196)
A-l
TreaFury Financing Operations
February Refinancing
Exchanges for a one-year certificate and a flveone-half
year bond of the three Treasury securities
jnd
«hioh matured February 15 amounted to J9,230 million.
This was 97-5 percent of the total $9, '4-65 million outstanding and left $235 million to be paid in cash.
In
exchange were new
tndebtedness, designated
jjent
Issued
3-IA percent Treasury certificates
A-196'(-,
of
maturity on February I5, 1964-. Issued in bearer form only,
with interest coupons attached, they were iesued in denominations of $1,000, $5,000, $10,000, $100,000, $1,000,000,
$100,000,000, and $500,000,000.
and the reopened 3-Ji/k per-
Treasury bonds of August I5, 1963.
Exchanges (on a
prelialnary baale) of the three securities eligible to be
i?efttnd«4 by the new certificates and the additional bonds
ire
The new certificates are dated February I5, 1963,and
bear interest from that date at the rate of 3-IA percent
per annum, payable semiannually on August 15, 1963, and at
shown in the following table.
Securities maturing February 15,
The bonds are dated April IS, I962, and bear interest
at the rate of 3-3/'+ percent per annum. The reopened bonds
are identical with those issued on that date except that
Interest will accrue from February I5, 1363. The Interest
Treasury Bulletin
A-2
Treasury Financing Operations
The bllle are dated February 6, 1963, and mature June
They will be accepted at par In payment of income
2k, 1963.
and profits taxes due June I5, I963; to the extent they are
not presented for this purpose the face amount will be
payable without interest at maturity. Issued In bearer form
only, the bills are in denoalnatlons of $1,000, $5,000,
$10,000, $50,000, $100,300, $500,000, and $1,000,000 (ma-
turity value
).
Tenders were received without deposit from incorporated banks and trust companies, and from responsible and
recognized dealers in Government securities; and from
others, with the payment of 2 percent of the face amount of
the bills applied for, or an express guaranty of nayment by
an Incorporated bank or trust company.
payment was required on February
6,
Completion of the
in cash or other
Immediately available funds.
Weekly Bills Increased and Refunded
New weekly Treasury bills in January amounted to $10.5
billion, which provided $0.2 billion of "new money" and re-
funded $10,3 billion maturing.
13- week
(Additional amount of bills of
original maturity of 26 weeks)
The five maturities of
-
(Continued)
'
t
February 196?
A-3
Treasury Financing Operations
Two Treasury notes, with maturities longer than one
jyear, were Issued In the foreign series during January.
One 15-month note, for $125 million, was purchased by
The other, for $58 million, with a five-year
Canada.
Imaturlty, was purchased by Italy.
Previously, all foreign
jserles Issues were short-term, generally In the form of
-
(Continued)
arranged also to accommodate countries that have contractual
payments obligations to the United States In the more
distant future.
As of January 3I the foreign series outstanding were as
follows:
three-month certificates of Indebtedness.
i|
The creation of longer-term Instruments particularly
.
jadapted to the holding of reserves by foreign monetary au-
Ithorltlee reduces the demand In the money market for
United States
responsibility as a key currency country while minimizing
'jmarketable securities and helps to fulfill the
jstralns on the balance of payments.
)
J
The new longer-term Issues provided an additional
ilnvestment opportunity designed to meet the special needs
of foreign monetary authorities and enabled them to diversify further that part of their reserves which is held
In dollars.
In part,
these longer-term Investments were
Foreign series securities
s
February 1961
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
Period
receipts
1/
Expenditures
1/
Surplus,
or
deficit
(-)
Net of
trust
account
and other
transactions
Net
increase
Clearing
account,
public
etc.
debt, or
in
2/
decrease
2/
Fiscal years
1950
1951
1952
1953
195^
1955
1956
1957
1958
1959
1960
1961
1962
36,422
,
,
1963 (Est.)..
1964 (Est.)..
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
Months:
1961-July.
Aug..
Sept.
(-)
70,562
68,550
67,915
77,763
77,659
81,409
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
328
231
-194
195
633
-329
-50
-602
436
-145
507
448
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
85,500
86,900
94,311
98,802
-8,811
-11,903
-693
-107
-20
-100
5,293
12,110
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
311
815
-41
101
739
-259
-7,088
-7,040
1,953
-6,306
-7,199
1,092
-691
23
-698
234
729
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
2,982
6,367
6,322
7,631
6,771
-3,340
-1,265
2,174
-66
-120
44
-129
-498
682
3,433
1,310
47,480
61,287
64,671
64,420
60,209
67,850
8,945
592
99
679
147
435
267
483
-2U
-401
-250
-303
284
522
-523
530
-6
35
Net
increase in
Trea surer
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
'
2,047
1,839
-388
-2,299
2,096
-551
Treasurer'
account
balance
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
-4,230
6,200
6,200
303,494
315,604
-447
4,232
331
-956
4,159
-4,399
2,654
-1,311
3,736
62
1,770
-1,488
603
-635
-117
179
355
622
828
83
1,015
-101
-572
2,936
Oct.
Nov.
Dec.
3,141
6,424
7,967
7,796
7,485
7,160
-4,655
-1,060
807
-154
317
258
140
-543
10
1,911
1,350
-842
-2,759
63
1962-Jan.
Feb.
Mar.
2%
5,357
6,729
9,104
6,197
6,261
6,494
7,395
6,858
7,749
-2,038
-129
1,356
-152
381
-145
333
-78
978
345
470
-896
-1,513
644
1,293
4,981
5,626
6,919
June.
5,754
7,024
11,615
7,289
7,229
8,102
-1,535
-205
3,513
132
258
-317
-384
-130
67
864
2,222
-973
-924
2,145
2,290
July.
Aug..
Sept.
5,995
8,141
10,430
3,566
7,089
10,053
7,252
8,541
7,327
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
738
Oct.
Nov.
Dec.
6,380
8,530
9,268
3,030
7,027
8,360
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
457
189
-1,796
1,075
2,569
3,323
-1,920
-2,750
591
400
1963-Jan.
6,518
7,109
7,509
5,533
8,013
-2,480
-126
635
-53
-2,024
5,485
-10,640
446
33
5,216
-4,945
5,485
Apr..
May..
1963 to date....
oource:
44,658
55,299
Actual figures through the fiscal year 1952 and
the calendar year
1953 are from the daily Treasury statement, and
thereafter from the
monthly statement of receipts and expenditures of
the Government (for
explanation of reporting bases, see page II); estimates
are from the
1964 Budget document, released January 17, 1963, including
effects
of proposed legislation. More detail for data on
this page will be
found 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 page II,
and
2,
Figures
5).
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 10 - 14
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
Public
debt
Guaranteed
securities
2
.
..
.BUDGET BECEIPa'S AND KXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(in millions of dollars)
Fiscal year
or month
Interest
Dividends
and other
earnings
1955,
1956.
1957,
1958,
1959,
1960,
1961,
1962,
2,559
3,006
2,749
3,196
3,158
4,064
4,082
3,206
408
745
601
967
942
877
l,].ll
1963 (Est.).
196,4 (Est.).
4,410
4,036
1962- July.
.
Aug
Sept...
Oct
Nov,
Dec
. .
1963- Jan
1963 to date.
252
291
438
674
506
Realization upon
loans and
investments
Recoveries and
refunds
410
471
266
805
743
877
918
856
873
1,026
539
685
300
517
89
53
2
73
71
72
218
225
553
16
10
332
91
69
69
24
26
57
18
334
103
71
41
31
2,831
605
517
613
93
628
415 2/
27
24
253
313
312
304
350
29
23
49
47
49
49
322
343
114
182
154
363
480
387
345
325
392
343
263
2/
,13/
11/
Fines,
penalties
and forfeitures
59
53
54
374
330
342
53
99
123
130
133
295
316
380
407
39
49
17
9
-21
30
16
27
27
62
18
17
9
6
4
212
194
28
86
93
325
94
89
113
117
453
435
4
6
7
4
7
5
59
4
6
345
1
4
4
11
7
3
55
28
28
7
13
31
5
8
5
12
18
29
39
176
224
10
10
Footnotes to Table
8/
Fees and
other
charges
for
services
225
194
160
161
133
111
100
101
Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on the
monthly statement reporting basis (see page II); and from the monthly
Estimates are from
statement of receipts and expenditures thereafter.
the 1964 Budget document, released Janxiary 17, 1963, including effect
of proposed legislation.
1/
Seigniorage
Fees for
permits
and
licenses
66
69
79
90
93
96
114
121
Source:
6/
Sale of
products
Other
V
etc.
274
296
328
328
587
436
1,012
371
554
Royalties
Sale of
Government
property
Includes adjustments as follows for: Income taxes not withheld,
October -$4 million and January -$4 million; Income taxes withheld,
October -$1^2 million and January -$67 million; transfers to Federal
Old-Age and Survivors Insurance Trust Fund, October +$134 million
and January +$62 million; and transfers to Federal Disability Insurance Trust Fund, October +$12 million and January +$9 million. See
also footnote 9.
Interest on refunds is included in expenditures in Table 3.
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 included with refunds of internal
revenue receipts, applicable to trust accounts.
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 (4.2
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 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-enployment
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 Federal 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. 37l) and transfers are made currently.
l/
2/
»
44
55
58
57
81
62
68
75
15
5
66
5
20
23
23
6
16
14
11
5
8
12
11
13
68
40
14
33
60
377
64
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S, ports), bullion charges, and gifts
and contributions,
Includes $210 million received from the French Government and $179
million from the Italian Government for prepayment of loans,
Less than $500,000.
(Continued)
1
12/
13/
I4./
15/
16/
17/
*
The Employment Security Act of 1960, approved September 13, 1960 (42
U.S.C. 1101), established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account,
beginning with fiscal 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.
The Highway Revenue Act of 1956, as amended, (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 October 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. Before fiscal
195^^ 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 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 1960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote I4).
Transfers reduced by $300 million to adjust those made earlier on
basis of estimates (see footnote 9).
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
,
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS
Billions
Billions
62
62
60
58
Indivlduol Income
Toxond-
Employmenf Taxes'"
56
54
52
50
48
46
42
40
38
36
34
32
,
z
^
1
^
II
,
.
,
.
.
196')
February
BUDGET RECEIPTS AND ETPENDITURES
.
Table 3.- ExpendltureE> by Agencies
(In millions of dollars)
Fiscal year
or month
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
Executive
LegisOffice
lative Judiciary
of the
Branch
President
65
85
U8
126
134
153
1963 (Est.).
1964 (Est.).
159
155
1962- July.
August
September,
October.
November
December
47
49
56
56
52
57
70
29
4,381
4,473
4,115
4,081
4,109
1,764 2/
1,808
2,053
65
69
25
31
4,359
4,375
5
30
37
39
44
97
99
10
10
11
15
13
4
2
2
5
2
17
6
4
1
5
2
15
13
Funds
appropriated
to the
President
3
1963- January.
1963 to date.
90
14
35
Agriculture
Department
4,636
5,177
5,006
4,875
7,091
5,419
5,929
6,669
Defense Department
Commerce
Department
1,077
1,293
562 2/
645
382
539
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
I
1963 (Est.).
1964 (Est.).
1962- July
August , , ,
September.
October. .
November.
December.
1963-January.
1963 to date.
.
On
public
debt j/
On
refunds
of taxes
3
5,750
44
23
18
65
6
95
82
49
317
337
140
188
154
688
1,174
677
57
3,692
26
4,208
3,823
450
404
72
58
37
88
113
lU
104
389
119
31
23
266
229
263
1,023
623
789
86
72
35
4,360
4,331
4,031
122
112
89
412
390
363
93
89
74
24
26
25
62
61
46
74
35
55
58
37
37
323
598
52
4,177
86
469
93
26
68
47
36
5,573
397
714
2,877
653
181
353
369
308
Federal
Aviation
Agency
7/
Genera 1
Services
Adminis-
Other
independent
agencies
District
75
858
457
1,054
1,165
1,040
1,141
13
4
802
554
tration
28,174 i/
Housing
and
Home
Finance
Agency
394
412
418
567
1,016
549
831
620
National
Veterans
Aeronautics
Adminiand Space stration
Adm. 8/
401
502
739
2,870
2,850
791
801
532
594
57
28
48
82
243
234
209
35
62
80
84
243
228
212
62
54
59
45
42
39
106
240
76
597
1,609
437
73
56
216
214
229
250
258
284
294
1,106
441
508
638
698
107
239
433
5,048
5,742
71
71
828
794
807
247
258
307
1,W0
129
39
-23
199
1,152
309
ly
525
914
797
3,685
4,215
515
512
572
666
751
690
801
908
1,993
2,071
2,295
2,645
3,092
3,403
973
523
570
425
359
408
387
445
2,178
136
142
179
206
272
48,300
51,000
68
9,700
10,020
814
808
840
368
879
748
765
356
463
518
674
774
745
895
875
987
985
62
54
57
74
69
76
83
State
Department
7,493
6,565
1,857
1,651
1,990
2,268
2,541
2,623
2,713
2,806
6,370
6,787
7,244
7,607
7,593
9,180
8,957
9,120
182
Post
Labor
Office
DepartDepartment
ment 1/
44,677
48,205
Atomic
Energy
Commission
Other
6/
Justice
Department
594
493
Treasury Department
Fiscal year
or month
35,532
35,791
38,439
39,062
41,233
42,824
Interior
Department
548
573
639
733
807
902
971
999
2,011 2/
Interest
Civil
Military
functions
Health,
Education,
and
Welfare
Department
Less:
of
Columbia
Total by
agencies
2/
744
1,257
4,405
4,731
4,805
5,098
5,232
5,250
5,401
5,392
529
601
911 12/
940
956
224
794
937
22
22
26
25
31
28
50
72
64,570
66,540
69,433
71,936
80,697
77,233
82,169
88,419
1,088
695
2,400
4,200
5,532
5,470
607
83
86
94,957
99,482
209
135
-27
104
3
187
140
441
491
30
58
400
74
2
-15
99
153
187
187
187
439
442
444
88
101
-92
6
4
32
44
233
485
33
270
551
1,257
3,U1
282
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estijnates are from the 1964 Budget document, released
January 17, 1963, including effects of proposed legislation.
Note:
Figures in ttiis 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 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies";
beginning 1959, Federal Civil Defense Administration from "Independent
145
y
355
5
2
51
Interfund
transactions
10/
181
315
361
53
22
Total
budget
expenditures
355
694
654
633
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
646
679
94,311
98,802
7,331
8,586
7,327
78
45
7,252
8,541
7,327
8,536
8,077
7,772
12
200
8,524
8,070
7,572
8,106
93
8,013
55,735
437
55,299
467
567
Uj
1^
1
7
UJ
iV
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to "Independent agencies," Civil
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration"; from fiscal 1960 through November 1962, military assistance
from "Funds appropriated to the President" to "Defense Department,
military," and thereafter under "Funds appropriated to the President"
and beginning 1962, subscriptions to international institutions from
"Treasury Department" to "Funds appropriated to the President,"
1/ Consists of net expenditures of the Postal Fund, reflecting the
change in classification of Post Office transactions to a public
enterprise revolving fund basis, and beginning fiscal 1960 payment
for public services
Remaining footnotes on following page.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4
,-
Expenditurep
Interfund TranpactlonF Excluded from Both Net Budget Recelpte and Budget
)
,
February 1961
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of December 31, 1962
(In millions of dollars; negative figures are deductions In the colunms In which they appear
Agency
Unexpended
balances
brought forward
July 1, 1962
1/ 2/
Additional, fiscal year
Appropriations
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 2/
Agriculture Department
Conmerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to
12,864
1,158
850
10,898
96
3,673
5,253
1,236
59
Total
78,745
97,921
79
U7
5
61
23
6,514
6,137
794
3
12,983
3,904
1,060
28,697
356
1,832
451
36
230
373
130
416
1,205
585
534
Authorizations
to expend from
debt receipts {^/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 2/
Agriculture Department
Comnerce Department
Defense Department:
Military functions
Civil functions
Ifadistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Dejjartment
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
,
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
expenditures of the Government
Total
Deduct:
Expenditures
Total budget expenditures
Other authorizations
^
42
6
Rescissions,
cancellations,
and other
adjustments 8/
12
-20
373
-338
909
-283
54,263
805
3,909
815
188
270
959
273
5,542
2,970
943
506
1,024
2,656
249
49
56
907
414
10,799
3,135
746
574
670
3,673
5,253
1,242
98,547
Unexpended balances December 31, 1962
Undisbursed
appropriations
24,000
628
w
2,408
7
83
4,484
1,042
307
59
118
37
16
11,779
2,386
967
238
6,709
800
325
81
29
11
1,689
4,975
345
561
155
284
321
272
5,422
1,369
361
Total
49,567
1,086
4,484
1,024
307
325
907
414
10,799
3,135
766
574
635
Transfers,
borrowings
investments
6/
6,5U
530
49,567
1,086
864
964
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
2/
36
6,029
3,155
300
154
37
16
17,808
5,634
93
231
1,510
54,263
815
*
10
16
Total 2/
97
250
27
8,095
3,050
836
3,808
3,162
1,507
106
190
9,676
11
95
641
96,653
27,721
3,546
1,583
3,909
928
188
270
959
273
5,792
2,970
970
864
12,945
3,808
3,447
11,835
106
-3 la^
160
47,629
Certain interfund transactions.
to date
156
61
23
Deductions, fiscal year 1963 to date
Agency-
1%3
Increase
129,503
343
47,286
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.
i; Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriatlons.
4/ Consists of authorization 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
currant fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
6/ Consists of transfers between appropriations; net borrowings from or
Soxirce:
2/
8/
2/
10/
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.
Includes military, assistance formerly shown under Defense Department.
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.
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary
data used in the monthly statement of receipts and expenditures of the
Government.
»
Less than 1500,000.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
,
Table 6.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
1963 through December
Function
code
number
Functions
National defense:
Deportment of Defense-military functions
unitary assistance
Atomic energy
Defense-related activities 2/
051
057
058
059
Total national defense
International affairs and finance:
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
151
152
153
Total International affairs and finance
1958
1959
1960
1961
1962
Expenditures
l/
Unexpended
balances end
of period 2/
24,000
104
46,815
1,390
2,806
92
45,691
47,494
51,103
25,956
61,267
U9
3,403
139
217
1,477
137
216
2,126
158
249
2,372
197
245
985
87
229
17,982
228
2,231
3,780
1,832
2,500
2,817
1,317
18,439
39,070
2,187
2,268
708
41,223
2,340
2,541
387
41,215
1,609
2,623
244
43,227
1,449
2,713
44,234
46,491
237
173
1,910
543
1,369
44
54,263
3,566
2,970
467
Space research and technology
251
89
U5
401
744
1,257
1,024
3,808
Agriculture and agricultural resources:
Farm income support and production adjustment ^,,.,
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services
351
352
353
354
355
3,284
269
5,297
311
4,591
234
3,928
297
315
376
3,801
349
301
397
324
303
341
163
270
175
2,775
795
1,316
239
^
^
Total agriculture and agricultural resources
315
255
291
3,602
289
330
368
293
4,419
6,590
4,882
5,173
5,895
4,590
5,451
1,139
174
1,184
201
71
68
1,235
1,564
280
68
85
1,394
331
61
73
91
55
954
195
37
46
64
426
54
325
Natiiral resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
401
402
403
404
405
409
Total natural resources
44
61
74
51
34
1,858
230
61
104
177
40
1,544
1,670
1,714
2,006
2,147
1,331
2,470
315
392
31
674
170
494
436
30
774
226
568
508
38
525
265
716
569
36
91A
781
654
33
797
271
427
49
58
59
67
7
74
401
332
29
321
195
20
40
1,022
847
106
959
3,832
874
46
1,631
2,017
1,963
2,573
2,774
1,339
7,685
-126
51
78
26
732
-172
134
130
30
-44
150
162
-M9
108
33
37
143
133
51
74
51
7,489
1,580
5,329
113
30
970
122
320
349
364
U,5L2
540
488
1,797
234
700
924
1,969
284
815
510
1,128
591
2,437
368
657
268
2,098
268
2,061
304
938
809
2,170
326
1,415
216
1,0W
3,059
3,877
3,690
4,244
4,524
2,556
3,623
189
178
50
124
259
225
106
332
286
263
94
89
413
1,173
181
337
350
183
207
132
m
327
261
120
156
541
732
866
943
1,076
578
2,174
2,024
1,036
1,026
856
242
2,071
1,153
864
921
280
2,049
1,263
2,017
1,927
1,913
961
266
2,034
1,532
559
1,030
259
1,635
388
1,084
84
554
279
98
495
816
230
5,184
5,287
5,266
5,4U
5,403
2,663
3,455
59
60
69
220
65
68
81
94
60
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
501
502
503
505
506
507
508
Total connnerce and transportation
Housing and community development:
Aids to private housing
Public housing
Urban renewal and connmnlty facilities
National Capital region
Total housing and community development
,
,
551
552
553
555
,
97
163
261
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Other welfare services 5/
Total health, labor, and welfare
,
,
,
651
652
653
654
,
242
Education:
Assistance for elementary and secondary education ^.
Assistance for higher education j^
Asslatance to science education and basic research.
Other aid to education
^
Total education
701
702
703
704
,
U3
447
141
Veterans' benefits and services:
Veterans' service-connected compensation 8/
Veterans nonservlce-connected pension 2/Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 2/
,
'
Total veterans' benefits and services
Footnotes at end of table.
,
,
,
,
801
802
803
804
805
725
(Continued on following page)
)
.
"
February i96J
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Cont Inuedl
(Fiscal years; In millions of dollarn)
1963 through December l/
Function
code
number
Functions
1962
Unexpended
balances end
of period 2/
1958
1959
7,607
7,593
69
9
9,180
,957
83
10
9,120
68
10
4,892
10
7,671
9,266
9,050
9,198
4,936
4,861
102
U8
135
57
22
653
70
123
37
14
422
841
95
255
86
109
49
20
558
372
84
263
88
1,284
1,466
71,936
1960
1961
Expenditures
Interest:
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
851
852
853
74
Total interest
7,689
General government:
Legislative functions
Judicial functions
Executive direction and management 10/
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
901
902
903
904
905
906
908
910
44
47
19
502
21
566
295
52
22
607
372
39
6
29
11
342
4,808
49
4
289
109
419
153
300
136
229
66
157
75
192
79
1,542
1,709
1,875
979
1,755
80,697
77,233
82,169
3,419
47,629
129,503
567
355
694
654
633
343
71,369
80,342
76,539
81,515
87,787
47,286
245
84
233
69_
Total general government
76
UO
47
Undistributed
Total
Certain interfimd transactions included in both
expenditures and receipts
Less:
Budget expenditures (see table 3)
Expenditures for 1963 are from reports received from
disbursing, collecting, and administrative agencies of the Government, on the monthly statement reporting basis (see page II). They
are classified in accordance with classifications used in the 1964
Budget document , Table 18, as nearly as can be done on an individual
appropriation and fund item basis. Prior year figures are from the
same source but have been adjusted below the appropriation level in
some instances by the Bureau of the Budget for use in Table 18.
Where current classifications differ on this account, they are footRevolving fund transactions are included net in the expenditures,
noted.
Expenditures by major functions for fiscal 1963 through January 1963,
and fiscal 1962 through January 1962 are shown below. Details oy
functions are not available for publication in this issue but will
appear in the March 1963 Bulletin.
Source:
L/
Functions
1963 through
January 1963
1962 through
January 1962
2/
For description of items included, see Table 5. Although not expended a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for
payrolls, and for similar items.
2/
Expenditures for 1963 include those for executive direction
and management made from "Salaries and Expenses, Office of Emergency
Planning" and "Research and Development, Office of Emergency Planning," applicable to functional code 903.
^
Total
Less:
Certain interfund transactions.
Budget expenditures
30,501
1,568
1,257
5,100
1,515
1,563
367
3,039
728
3,149
5,799
1,149
28,271
1,880
577
3,952
55,735
50,952
1,332
1,452
387
2,864
576
3,229
5,310
1,121
437
391
55,299
50,561
those for loans for conservacode 354; grading and classing activicode 355; and for special milk program
These expenditures were made from
654.
Capital Fund."
5/
See footnote 4,
6/
See footnote 7.
7/
Expenditures for 1963 include those for assistance for
elementary and secondary education applicable to functional code 701
and other aids to education applicable to functional code 704. These
expenditures were made from "Defense Educational Activities, Office
of Education."
8/
Expenditures for 1963 include those for veterans' nonserviceconnected pensions applicable to functional code 802 and other
veterans' benefits and service applicable to functional code 805.
These expenditures were made from "Compensation and Pensions, Veterans
Administration.
2/
See footnote 8.
10/
See footnote 3.
(In millions
National defense
International affairs and finance
Space research and technology,.
Agriculture and agricultxiral resources
Natural resources
Commerce and transportation
Housing and community development
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
Expenditures for 1963 include
tion applicable to functional
ties applicable to functional
applicable to functional code
"Commodity Credit Corporation
*
Less than $500,000,
Treasury Bulletin
10
TBUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net receipts, or
expendltores (-),
Fiscal year
or month
from trust account
and other transactions
231
-194
195
633
-329
-50
-602
A36
1955
1956
1957
1958
1959
1960
1961
1962
,
,
,
,
Trust and deposit fund accounts
Excess of
receipts, or
expenditures
Net
receipts
expenditures
1/ 2/
1/2/
(-
991 i/
2,250
1,409
262
-1,511
-359
565
213
8,479
9,357
12,892
15,892
18,281
20,700
23,018
24,111
9,470
11,607
U,301
16,153
16,769
20,342
23,583
24,325
y
Net sale, or redemption
(-), of secxiritles of
Government agencies in
the market
Net sale, or investment
Net
(-), by Government
agencies in public debt
securities
j/
-1,362
-2,517
-2,300
-197
1,112
-714
-435
-435
.
.
V
602 i/
173
1,085
567
71
1,023
-733
658
1963 (Est.)...,
1964 (Est.)...,
-693
-107
-277
1,511
26,863
29,540
27, UO
28,029
-773
-2,077
357
459
1962-July
August . . .
September,
208
-59
-126
-664
1,365
-739
1,194
3,447
1,622
1,859
2,082
2,362
992
-1,470
572
-119
46
41
October...
November,
December,
-15
-821
485
-127
1,377
2,531
1,684
2,197
2,047
1,811
796
-382
626
10
106
457
3
-42
-126
-1,483
994
2,477
1,396
-39
1%3-J8nu8ry.
,
Source:
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page 11); estimates are from the 1964 Budget docximent, released
January 17, 1963, including effects of proposed legislation,
Certain intertrust fund transactions are excluded from both receipts
1/
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6,
Beginning with the February 1963 Bulletin amounts for refunds of taxes
2/
(principal only) have been deducted from receipts, and therefore
i^
V
are excluded from expenditures.
Also includes guaranteed securities (see Table 4).
Effective July 1, 1955, security transactions of Government-sponsored
enterprises are included in deposit fund account expenditures (net)
and excluded from net investment by Government agencies in public
debt securities (see Table 4) and from net redemption or sale of
obligations of Government agencies in the market (see Table 5).
Figures for 1955 have been revised to the new classification basis.
Adjusted for reclassification of certain repayments of advances from
the general fund.
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
FOASI
Trust
Fund
Fiscal year
or month
1955
1956
ability
V
Ins.
Trust
Fund
5,535
1957
1958
1959
1960
1961
6,937
7,101
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life Insurance
Fund
700
739
723
695
758
1,403
1,051
1,081
1,997
2,703
3,803 6/
3,985
649
608
640
634
643
668
664
1,425
1,728
1,912
1,855
590
Government
Life
Insxir-
ance Fund
48
2,160
2,339
1962
1963 (Est,)....
1964 (Est,)...,
13,781
15,569
1,141
1,177
1,111
1,219
4,042
4,288
681
680
1962-July
August , , .
September.
409
1,848
840
36
156
76
13
89
51
188
752
88
45
42
37
3
1
1
October...
November.
December,
520
1,256
743
44
108
81
16
162
489
153
43
2
82
52
39
1
35
1
167
18
13
209
52
,
,
,
.
1963-J8nuary.
..
V
V
Source:
See Table 1.
See Table 1, footnote 2.
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 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
j/
V
^
V
1,482
2,044
2,088
2,541 i/
2,800
2,955
7,824
8,109
10,360
11,824
LJ.Oll
,
Highway
Trust
Fund
708
1,025
1,397
1,458
1,741
1,766
2,033
2,086
78
73
339
943
929
1,062
1,083
1,092
,
Federa
employees
retirement
funds
69
67
63
61
58
54
54
Other
trust
accounts
2/
449
467
681
638
Total
trust
accounts
1/
Less:
Intertrust
fund
transactions 2/
Net
trust
account
receipts
V
i/
585
711
779
925
9,485
11,619
14,311
16,164
16,904
21,250
24,098
24,853
3,224
3,310
1,160
1,364
27,354
29,994
491
454
26,863
29,540
149
159
137
281
332
288
73
79
104
1,195
3,459
1,623
1
12
1,194
3,447
1,622
171
163
144
277
220
1,378
2,545
1,685
14
1,377
2,531
282
143
188
194
1
1,684
167
261
109
998
V
16
12
9,470
11,607
10
U,301
11
135
515
528
16,153
16,769
20,342
23,583
24,325
908
1
1
,
994
of both trust receipts and trust expenditures, but are deducted from
i/
i/
6/
the totals.
Excludes certain intertrust fund transactions consisting mainly of
financial interchanges between trust funds resulting in receipts and
expenditures (see footnote 3).
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 13, 1960 (42 U,S.C. 1101 (b)); see "Budget
Receipts and Expenditures," Table 1, footnote 12.
.
. .
.,
February 196}
11
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.
Fiscal year
or month
1955
1956
Federal Old-Age
and Survivors
Insurance Trust
Fund j/
Federal
Disability
Insurance
Trust Fund
4,436
5,485
6,665
8,041
9,380
11,073
11,752
13,270
181
361 1/
561
746
1,089
585
611
682
730
778
1,136
1,124
1,135
14,518
15,331
1,246
1,319
1,112
1,099
September,
1,146
1,157
1,157
93
94
93
October. ,
November
December.
1,173
1,167
1,163
1,114
,
,
1957
1958
1959
1960
1961
1962
,
,
,
1963 (Est.)...
1964 (Est.)
1962-July
Au^st
,
. . .
1963-January.
.,
Fiscal year
or month
Other
trust
accoxmts,
V
etc.
'
I
II
I
:
1955
1956
1957
1958
1959
1960
1961
1962
,
,
,
,
,
,
483
425
565 2/
915 2/
672 2/
711
698
868
Unemployment
Trust
Fund
National
Service Life
Insurance
Fund
1,965
1,393
1,644
3,148
3,054
2,736
4,734 i/
3,906
538
512
515
544
562
582
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund 1/
707
626
591
699
792
896
955
1,063
966
1,512
2,613
2,945 2/
2,620
2,784
3,750
3,770
792
488
78
58
1,226
1,354
3,000
3,391
88
99
88
205
204
218
53
52
10
7
43
4
94
96
95
239
317
279
98
96
98
89
101
50
45
39
5
98
95
349
308
90
213
240
280
5
95
267
165
90
418
279
18
94
220
V
Total
trust
accounts,
etc. 1/
8,438
9,131
12,685
15,993
18,424
21,711 2/
23,342
25,154
Federal National
Mortgage Assoc. 2/
Other
Financing
by Treasury operations
-93
-94
41
430
507
84
87
86
120
80
83
94
96
1
Trust account,
etc. - (Cont.)
1
Railroad
Retirement
Account
5
3
-42
42
-16
250
485
-64
30
Investment in
public debt
securities
170
548
39
460
-70
239
434
Redemption of
agency
obligations
in the market
-269
-872
-86
167
-1,222
-723
30
-195
-1,122
Other
deposit
fund
accounts
Other
expenditures
99
334
39
-620
1,277
479
-224
1,086
8/
10
-8
7
-16
-5
15
-6
56
229
224
-98
Total
deposit
fund
accounts
56 3/
Total trust
and deposit
fund account
expenditures 1/
-33
-5
25
12
8
-16
-51
-11
3
-49
Deposit fund accounts (net)
Government-sponsored enterprises
9
206
929
102
176
946
-73
317
Less:
Intertrust
fund
transactions 6/
16
Net trust
and deposit
fund
account
expenditures
1/
^
8,494 8/
9,369
12,901
15,902
18,415
21,609 2/
23,533
24,639
12
10
11
135
908
515
528
8,479
9,357
12,892
15,892
18,280
20,701
23,018
24,111
628
-29
27,631
28,483
491
454
27,140
28,029
1
12
1,859
2,082
2,362
238
216
-91
6
-9
-97
176
-509
-102
191
-515
i
'I
1963 (Est.)
1964 (Est.)....
1,031
1,218
27,003
28,513
265
212
-400
-565
1962-July
August . . .
September.
52
1,882
2,116
2,063
51
65
59
41
-51
-382
-254
155
2,152
2,115
2,131
443
67
-310
81
2,427
389
,
II
j
October..,
November.
December.
1963-January.
.
57
72
n.a.
IQ/
10/
6
341
195
36
10
-18
-9
-32
-4
309
-22
-22
300
1,860
2,094
2,363
-395
68
22
-50
-137
24
-2
-2
-264
47
46
-52
-55
-55
-319
2,198
2,060
14
1,812
1
280
-412
257
-203
53
Source:
See Table 1.
1/ See Table 1, footnote 2.
2/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
1/ See Table 1, footnote 5.
i/ See Table 2, footnote 6.
5/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against increment on gold; and
trust enterprise funds (net). The Railroad Unemployment Insurance
Administration Fund is included through November 1958 (see Table 10,
published quarterly), the Employees' Life Insurance Fund (net) and
the Employees' Health Benefits Fund (net) beginning 1961.
For content see Table 6. These transactions are included in the detail
^
10/
10/
2/
8/
2/
10/
*
.a.
2,481
1
1
2,197
2,047
1,811
2,477
of both trust receipts and trust expenditures, but are deducted from
the totals
Excludes certain intertrust fund transactions consisting principally
of financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes security transactions of Government-sponsored enterprises
(see Table 1, footnote 4).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-sponsored
enterprises
The combined estimates for "Government-sponsored enterprises, Other
expenditures" and "Other deposit fund accounts" are $763 million for
1963 and $323 million for 1964.
Less than $500,000.
Not available.
Treasury Bulletin
12
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 4.- Net Inveptment by Government Agenclee In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
1
.,
'
February 196)
13
.
TRUST ACCOUNT AKD OTHER TRANSACTIONS
,
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars; negative figures are excess of sales)
Securities not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962
1963 (Est.)
•f'bi (Est.)...,
1.962-July
August....
September.
October. .
November .
December,
1963- January,
,,
Total 1/
Total
guaranteed
-602
-173
-1,085
37
-30
-33
-567
-71
-1,023
733
-658
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
HoTDe
Owners'
Loan
Corpora t ion
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
banJis
-10
-29
-100
-204
37
-30
-33
6
-10
-28
-81
-204
-639
-144
-1,052
-573
-61
-994
833
-454
-357
-459
-Ul
-141
71
71
-216
-530
119
-46
-41
-3
-22
-18
-3
-22
-10
1
1
-3
42
-16
-15
-16
-15
39
-13
-13
6
-18
Federa
intermediate
credit
123
-24
-24
-11
13
57
52
-69
-44
136
2/
Federal
National
Mortgage
Association j/
-570
-233
6
Home
Owners
Loan
Corporation
Treasury Bulletin
l^^
THUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or oionth
Federal
Old-Age and
Survivors
Insurance
Trust Fund l/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
y
1/
124
600
1
1962
332
361
6
13
1963 (Est.)...
1964 (Est.)...
385
386
13
1%1
1963- January.
2/
12
2
9
29
29
11
10
10
10
11
135
908
12
12
515
528
12
12
491
454
1
1
1
1
12
1
1
1
14
1
1
1
.
See Table 1.
Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
Source:
2/
Columbia 6/
5
52
13
October..
November.
December.
Total
of
16
86
32
37
1962- July
August..
September
V
District
3
3
211
132
101
12
Federal
employees'
retirement
funds
3
10
7
1955
1956
1957
1958
1959
1960
1/
Unemployment
Trust
Fund i/
^
^
6/
»
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund.
Less than $500,000.
. .
,
FebTuary 1961
15
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
1937-52
1953
1954
1955
1956
1957
1958
1959
I960
1961
,
,
,
,
1962
,
1963 (Est.)
1964 (Est.)
1962-January. .
February.
.
,
March
,
April
May
,
June
,
July
August
September.
,
October. ...
November. .
December. ,
1937 to date
8/,
Appropriations
Total 2/
Payments from
Net earnings
on investments Railroad Retirement Account
2,138.2
386.6
11.6
438.9
9.6
438.0
487.5
7.4
5.2
555.3
1.6
555.4
543.0
516.4
530.2
539.0
Deposits by
States
V
6,856.0
2,627.5
3,275.6
4,333.1
5,360.8
6,514.6
7,874.9
9,049.1
10,269.7
11,184.5
12,657.8
124.4
600.4
331.7
360.8
385.0
386.0
13,780.8
15,568.9 2/
12,289.0
13,884.0
973.0
1,100.0
516.3
519.4
14,518.3
15,330.6
13,865.0
14,648.0
147.7
1,656.3
1,046.2
141.1
1,489.0
1,031.0
3.5
153.4
10.4
3.1
13.9
4.7
1,086.4
1,096.2
1,116.7
1,056.2
1,069.1
1,094.2
727.6
2,302.5
1,108.8
671.6
2,012.0
915.8
34.2
267.2
-2.7
21.8
23.3
195.6
1,134.2
1,136.8
1,502.9
1,107.3
1,113.7
1,113.6
409.2
1,848.4
340.4
400.0
1,564.0
839.0
5.6
265.5
-1.3
3.6
18.9
2.7
1,146.5
1,157.0
1,156.7
1,117.0
1,134.0
1,125.5
519.7
1,255.6
743.3
492.8
1,039.0
552.0
5.2
193.1
1,172.8
1,166.6
1,163.2
1,U9.1
.3
21.7
23.5
191.0
108,841.2
96,967.8
4,426.8
7,390.0
90,546.3
86,805.8
35.4
Construction 2/
Reimbursement
to general
fund IQ/
EKireau of
OASI 11/
^
360.8
1,142.7
1,134.1
1,417.4
Assets, end of period
Administrative expenses
i.
7,400.1
2,717.0 6/
3,364.3
4,436.5
5,485.3
6,664.8
8,040.7
9,379.8
11,072.7
11,752.3
13,270.2
^
21,819.9
4,053.3 6/
4,496.8
4,988.6
6,270.8
6,243.0
6,794.9
7,084.0
9,192.4
10,537.2
10,600.0
Expenditures, etc. - (Continued)
Fiscf
year
or month
Benefit
payments
24,000.1
4,483.3 6/
5,039.8
5,534.8
6,937.4
7,100.6
7,824.4
8,108.7
10,360.0
11,823.9
12,011.0
26.6
43.3
92.4
98.6
171.6
296.8
472.1
481.1
650.3
755.4
869.6
Payments to
RR Retire.
Account
Total
Net increase,
or decrease
Reimbursement (-) from
(-), in
Fed. Dis. Insurance
Trust Fund 12/
assets
Investments
Unexpended
balance
16,600.0
18,366.4
20,042.6 8/
21,L41.0
22,593.1
23,028.9
22,812.6
21,541.4
20,828.7
20,900.3
19,641.1
16,273.1
17,817.6
19,339.9
20,580.5
22,043.0
22,263.3
21,764.2
20,474.4
19,748.8
19,523.5
18,434.7
327.1
548.8
702.8
560.5
550.1
765.6
1,048.4
1,067.0
1,079.9
1,376.8
1,206.5
-737.5
238.3
18,903.6
19,141.9
17,700.3
17,779.6
1,203.3
1,362.2
-9.1
-17.5
-28.8
-33.2
-60.3
16,600.0
1,766.3
1,675.5
1,098.4
1,452.1
435.8
-216.3
-1,271.2
-712.7
71.6
-1,259.2
-62.9
-71.3
.1
.1
.3
291.1
24.4
26.0
27.1
30.7
30.9
1.6
11.6
12.5
1.8
3.1
34.5
39.0
39.4
43.8
45.3
252.9
65.1
62.7
76.0
93.7
119.0
138.9
173.2
179.3
223.6
263.5
1963 (Est.)...
1964 (Est.)...
2.9
2.3
49.8
52.3
278.6
313.3
1962-January.
February,
March.. .,
.5
.2
.2
3.7
3.7
3.7
26.0
23.3
18.6
-938.6
560.1
-70.6
18,786.7
19,346.8
19,276.2
17,576.4
17,933.6
17,994.3
1,210.2
1,413.2
1,281.9
April.
May...
June..
.1
.2
3.4
3.4
3.4
23.4
-406.6
1,165.7
-394.2
18,869.6
20,035.3
19,641.1
17,674.9
18,776.1
18,434.7
1,194.7
1,259.2
1,206.5
July
August .
September
.2
3.5
3.8
6.6
25.8
19.
24.
-737.3
691.4
-316.3
18,903.9
19,595.3
19,278.9
17,582.6
18,334.2
17,965.6
1,321.3
1,261.1
1,313.3
October. ..
November.
December.
.2
3.4
3.4
3.7
20.
20.
25,
-653.1
89.0
-419.9
18,625.8
18,714.8
18,294.9
17,310.9
17,446.1
17,060.0
1,3M.9
.3
.1
32.2
656.4
1,783.
18,294.9
18,294.9
17,060.0
1,234.9
1937-52.
1953....
1954
1955
1956
1957
1958
1959
1960
1961
1962
.3
. .
1937 to date 8/.
.2
.2
19.5
24.9
Source:
See Table 1.
1/ Includes transactions xmder the predecessor Old-Age Reserve Account.
Total
includes:
$15.4 million transferred from general fund for adminis2/
trative and other costs of benefits payable to survivors of 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 Federal Disability Insurance Trust Fund, and sale of
waste paper.
j/ Includes xinappropriated receipts beginning January 1962. For basis,
see "Budget Receipts and Expenditures," Table 1, footnote 9.
To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
See Table 9.
6/ Beginning with the February 1963 Bulletin amounts for refunds of taxes
(formerly included under expenditures) have been deducted from receipts.
2/ Includes $62.7 million proposed legislation, military service credits.
^
V
-U8.9
8/
2/
10/
11/
12/
13/
»
1,268.7
1,234.9
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) (1)), for
administration of Titles II and VIII of that act and related parts
See
of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432).
also footnote 11.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance
are paid directly from the trust fund beginning 1947, under provisions
of annual appropriation acts until passage of the Social Security
Act Amendments of 1956 (42 U.S.C. 401 (g)(1)); previously these
expenses were included in reimbursements 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).
Includes unappropriated receipts beginning January 1962.
Less than $50,000.
Treasury Bulletin
16
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 8.- Federal Disability Inpurance Trust Fund
(In millions of dollars)
February 196J
Treasury Bullet in
18
_ TRUST
i
ACCOUNT AND OTHER TRANSACTIONS
Table 11.- National Service Life Insurance Fund
(In millions of dollars)
Expenditures other
than Investments
Receipts
Fiscal year
or month
Total
Premiums and
other receipts
Transfers from
general fund
Interest on
investments
Total
1,311.1
154.9
156.4
157.2
160.7
5,973.4
588.0
622.6
537.8
512.0
512.0
65.0
54.8
28.5
8.0
9.9
515.0
543.6
562.1
581.6
707.5
626.4
792.0
488.3
515.0
543.6
562.1
581.6
707.5
626.4
792.0
488.3
92.5
96.2
72.3
61.0
-39,8
37.5
-110.7
191.9
5,583.5
5,679.7
5,751.9
5,813.0
5,773.1
5,810.7
5,699.9
5,891.8
5,570.3
5,665.3
5,741.5
5,803.1
5,759.4
5,803.5
5,693.0
5,885.0
13.2
.1
.2
.2
57.7
49.1
54.9
57.7
49.1
54.9
-9.3
-9.0
-10.4
5,687.6
5,678.6
5,668.2
5,676.7
5,665.6
5,656.5
10.9
13.0
11.7
.3
.3
54.0
48.9
47.7
54.0
48.9
47.7
-13.4
-7.6
163.4
5,654.8
5,647.2
5,648.0
5,639.7
5,803.5
6.8
52.7
52.0
43.4
52.7
52.0
43.4
-8.0
5,802, 6
5,793 1
5,793.4
5,786.4
5,777.2
9.2
5
50.1
44.6
39.5
50.1
44.6
-6.7
-5.4
-4.2
5,779.8
5,774.3
5,770.1
5,772.1
5,768.7
5,763.2
7.6
5.7
6.9
12,052.0
12,052.0
5,770.1
5,770.1
5,763.2
6.9
607.5
639.8
634.3
642.6
667.6
663.9
681.2
680.2
424.8
459.1
453.4
459.9
483.8
482.8
497.2
499.2
19.3
6.9
9.6
8.6
163.4
166.2
168.8
172.4
175.4
174.2
174.4
172.4
March
48.4
40.1
44.5
47.8
39.4
43.9
.4
.5
.4
April
May
June
40.6
41.4
211.1
39.8
40.5
37.7
.6
.6
.5
July
August . . .
September,
44.6
42.5
36.8
44.1
42.0
36.0
.5
.4
October. .
November.
December.
43.4
39.1
35.3
42.9
38.6
34.8
.5
.5
.4
17,822.1
10,117.4
1962
1%3
(Eat.)....
1964 (Est.)....
1962-January. .
February.
,
1941 to date.
.
U.4
12.2
10.3
8.4
172.9
.7
4,743.9
Unexpended
balance
5,190.6
5,249.5
5,272.5
5,345.6
5,481.1
4,406.9
84.0
72.1
27.8
1957
1958
1959
1960
1961
Investments
Total
5,255.6
5,304.3
5,301.0
5,353.7
5,491.0
5,511.1
397.7
390.8
405.5
410.2
78.4
Assets, end of period
5,255.6
48.7
-3.3
52.6
137.3
11,229.0
636.6
619.3
590.5
649.3
1941-52
1953
1954
1955
1956
Benefits
Special
and refunds dividends
Net increase,
or decrease
(-), in
assets
.1
.1
.1
2,960.9
Source: See Table 1.
Note:
This fund was established by the National Service Life Insurance
Act of 1940 (38 U.S.C. 720).
»
2,577.3
434.2
444.7
382.9
3,396.0
153.8
177.8
154.9
39.5
-9.5
-6.6
5,810. 7
5,786
U.4
10.4
9.9
13.8
7.1
6.9
6.8
7.5
7.1
6.7
9.3
Less than 150,000.
Footnotes to Table 10
1/
2/
2/
^
i/
6/
2/
3/
state unemployment funds; used for benefit payments mainly. Beginning
August 1961, withdrawals by States have been reduced by reimbursements
to State accounts from Federal Extended Compensation Account.
Established by the Htaployment Security Act of 1960, approved September
13, 1960 (42 U.S.C. 1101(a)), into which are deposited tax receipts
transferred in accordance with the act (see "Budget Receipts and Expenditures," Table 1, footnote 12) 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 availab .e 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. 1105(a)),
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 Unemployment
2/
10/
11/
12/
12/
14/
i5/
16/
12/
IS/
12/
22/
"
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
3f per annum, pursuant to an act approved May 19, 1959 (45 U.S.C.
360(d)).
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. 361).
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 deduction from receipts.
Interest paid on refunds of taxes is
included under expenditures. See footnote 17.
Beginning April 1962 total includes repayments to general fund for
advances to the Railroad Unemployment Insiirance Account. Estimates
Include $10.8 million for 1963 and $6.7 million for 1964.
Total Includes $2.0 million for proposed legislation.
Total Includes repayment to Treasury of $98.5 million, temporary unemployment compensation (1958 act), and $170.0 million for proposed
legislation,
Includes adjustments to monthly statement basis.
Includes small amounts for interest on refunds of taxes.
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 Septembe:
6, 1958 (45 U.S.C. 361 (a)); see footnote 10.
Includes unappropriated receipts beginning September 1960.
Less than $50,000.
i
February 1961
19
TBUST ACCOUNT AND OTHER TRANSACTIONS.
Table 12.- Investments of Specified Trust Accounts In Public Debt Securities
by Issues, as of December 31, 1962
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
Issue
Public issues
:
Treasury notes:
4-7/8^
_
5
-
4-7/3
4-5/8
-
-
Series
Series
Series
Series
C-1963
B-1964
C-1964
A-1965
15.0
25.0
38.5
Treasury bonds:
2-X/2f,
-
2-1/2
-
3
1964-69 (dated 4/15/43)
1964-69 (dated 9/15/43)
1966
22.2
33.0
25.0
3-3/8
3-3/4
3-5/8
-
2-1/2
3-3/4
3-7/8
-
-
1967-72 (dated 10/20/41)...,
1968
1968
4
3-7/8
-
1969 (dated 8/15/62)
1969 (dated 10/l/57)
1971
4
4
-
1971
1972
1974
100.0
-
3-7/8
4-1/4
3-1/4
3-1/2
-
1975-85
1978-83
1980
25.0
60.2
449.4
4
3-1/4
-
1980
1985
1987-92
-
1990
1995
1998
Investment Series B-1975-80,
4
4-1/4
3-1/2
3
3-1/2
2-3/4
-
-
1966
1966
1967
-1.5
,
27.7
,
34.2
,
7.0
17.A
,
20.0
,
57.5
,
32.5
-
123.6
25.7
10.0
,
,
Total public issues
556.2
85.2
552.0
1,064.9
3,411.9
Special issues:
Certificates:
3-1/3^
3-1/4
3-3/4
-
Series 1963
Series 1963
Series 1963
254.4
Series
Series
Series
Series
Series
1%4
168.0
Series
Series
Series
Series
1964 to 1968
1965 to 1975
1967 to 1977
1975 and 1976
Notes:
2-5/8^
2-5/8
3-3/4
3-3/4
3
-
1964 and 1965
1964 to 1967
1964
1964 to 1967
88.8
Bonds:
2-1/2)6
-
2-5/8
3-3/4
3-3/4
-
Total special issues
•
Net unamortized premium and discount. .......... ••
rued interest purchased
Il
tal investments
3,345.4
8,572.0
1,240.1
13
Federal Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust Fund
Treasury Bulletin
20
CASH INCOME AM) OUTGO
The cash Income and outgo data appearing In the Treasury Bulletin, beginning with the February 1956 Issue, are
on a basis consistent with receipts from and payments to
the public as derived In the 1957 and subsequent Budgets
of the United States (In the Budget for 1963 In Special
Analysis 3).
Reconciliation to cash deposits and with-
actions which are reported ae both expenditures and receipts
are excluded from both. Noncash items representing the
obligation of the (Jovernment to make payments in the future
also are eliminated from expenditures but are added later
when actual payments are made. These Items consist of
certain interest accrued on the public debt, expenditures
drawals In the account of the Treasurer of the United States
Involving the issuance of a few special public debt securi-
Is shown on the same basis as In the Budget documents.
There Is also shown the amount of net cash borrowing from,
ties, and clearing accounts.
or repayment of borrowing to, the public.
By these arrange-
Receipts from the exercise
of monetary authority are excluded ae not representing cash
received from the public.
Federal cash borrowing from the
ments, data In accordance with the Budget classifications
public Includes net borrowing by the Treasury through public
Figures for back years
debt transactions and also net borrowing by Government
have been revised where necessary In order to make them as
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications as
available data will permit. For this reason certain of the
of their own securities.
figures differ somewhat from those published In earlier
public.
Budget documents as well ae In the Bulletin.
public is reflected in changes in the balance in the Treas-
are made available month by month.
The Bureau of the Budget series of cash transactions
It excludes changes in the public
debt which do not represent direct cash borrowing from the
The net effect of all these transactions with the
urer's oooount and in cash held outside the Treasury.
designed to provide Information on the flow of money
Cash transactions through the Treasurer's account are
between the public and the Federal Government as a whole,
similar in general concept to those included in the Bureau
and therefore Includes transactions not cleared through
of the Budget series,
the Treasurer's account.
On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
la
Receipts and payments Include
transactions both In budget accounts and In trust and deposit fund accounts.
Operations of Oovernment-eponsored
enterprises are Included in payments on
flected In Treasury reports.
a net
basis ae re-
but are limited in coverage to trans-
actions which affect the balance in that account.
the public in the Bureau of the Budget series.
Major Intragovemmental trans-
Table 1.- Summary of Federal Government Cash Transactions with the IHibllc
(In millions of dollars)
,
February 1961
21
,
CASH INCCME AND OUTGO
Table 2.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
22
February 1961
23
,
CASH INCCME AND OUTGO
Table 4.- Intragovernmental Tranpactlonp Excluded from Both Receipts and Payments
(In millions of dollars)
Period
Treasury Bulletin
zk
_ CASH
INCCME AND OUTGO
,
from Payments
Table 5.- Accrued InterePt and Other Noncaph Expend ItureP Excluded
(In millions of dollars)
Net accrued
Interest on
savings bonds
and discount
on Treasury
bills 1/
Period
Fiscal year:
1955
1956
1957
1958
1959
1960
A97
456
1%1
1%2
388
254
801
341
222
641
1963 (Eat.)...
1964 (Est.)...
619
610
,
Other
accrued
interest on
public debt
2/
-258
211
Total....
470
-48
Total
1962- July
August
September..
October. .
November.
December.
.
.
,
1963- January....
^
Armed Forces
leave bonds
^
156
175
-674
-450
1,361
259
258
171
213
415
-192
627
215
101
76
21
-459
424
Inter-American
Development
-1
624
etc.
78
551
-17
^
^
2/
*
r
2/
-55
238r
-557r
576r
-105r
-281r
279
548
615
943
-811
470
2,131
449
821
1,490
36
-22
-100
-100
919
25
525
58
25
-348
334
265
58
25
896
-1,006
1,225
266
-110
1,491
-707
-62
103
117
55
562
-258
120
-381
272
-305
-256
141
753
70
30
70
36
335
10
Total
55
544
409
-560
49
Clearing
account
for
checks
outstanding,
58
58
%:'
53
72
91
International
Development
Association
27
-108
Source: See Table 1.
Accrued Interest on savings bonds, i.e., the difference between the
purchase price and the current redemption value, and the discount on
bills at the time of Issuance, less interest paid on savings bonds and
bills redeemed,
i/ Net Increase, or decrease (-), in accrued liability except for 1955
which includes the net change in public debt interest checks and
coupons
2/ Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemptions; net
issuance, or redemption (-).
i/ Issued In 1936 in exchange for adjusted service certificates held
i/
International
Monetary Fund
295
42
428
1962-Jan. - June
July - Dec.
Adjusted
service
bonds
26
82r
39r
93r
76r
132r
6
18
- June
July - Dec.
1%1-Jan.
Noncash expenditures involving issuance
of public debt securities 2/
Special notes to - 6/
58
-22
30
15
25
512
599
by veterans of World War I. The bonds matured in 1945.
Issued in 1947 in payment for accumulated leave. The last of these
bonds matured in 1951.
Parts of the United States subscriptions to the International
Monetary Fund, the International Development Association, and the
Inter-American Development Bank were paid in nonnegotiable noninterestbearing notes of the United States, payable on demand. See "Budget
Receipts and Expenditures," Table 3, footnote 13.
Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-).
Less tnan $500,000.
j
Revised
1
I
-
.
February 196J
25
CASH INCOME AND OUTGO
Table 6.- 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 millio ns of dollars)
Change in public debt and agency obligations held by the public
Plus:
Period
Fiscal year:
1955
1956
1957
1958
1959
1960
1961
1962
Public and
trust enterprise funds
Government
sponsored
enterprises
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
602
173
1,085
567
71
1,023
-733
658
1963 (Est.)...
1964 (Est.)...
5,293
12,110
357
459
400
1961-Jan. - June
July - Dec.
-1,246
7,198
-240
394
180
Total
Net investment in Federal
securities by Government agencies 1/
Less:
Trust funds
269
872
1,236
2,516 2/
2,262
105
-1,215
551
289
246
Public
enterprise
funds
Governmentsponsored
enterprises
Equals:
Increase in
securities
held by the
public, or
decrease (-)
126
101
36
91
102
166
149
191
-68
236
432
28
2,454
-3,743
-3,392
5,560
10,837
2,418
1,234
10,544
478
1,703
295
374
265
212
5,013
10,844
506
677
-1,260
36
39
339
-263
-2,358
9,583
86
-167
1,222
723
195
1,122
565
171
549
41
461
5,952
154
686
-583
75
75
7,225
1962-Jan. - June
July - Dec.
2,032
5,269
263
-62
616
935
1,507
152
-1,175
40
291
241
961
7,037
Total....
7,301
202
1,552
332
192
532
7,998
1962- July
August
September..,
-325
3,966
-2,344
-119
46
41
382
254
-6
-1,013
1,449
-520
22
21
-53
51
41
-51
879
2,755
-1,685
October...,.
November. . .
December....
2,569
3,323
-1,920
10
395
3
-42
-68
-22
-847
369
-612
51
13
-14
443
67
-310
3,327
2,810 2/
-1,048 2/
-53
-39
-280
-1,433
37
389
636
1963- Janua ry
I
Public debt
increase, or
decrease (-)
Net sale of obligations
of Government enterprises in
the market
Footnotes at end of table.
(Continued on following page)
26
)
..,
February 196J
27
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Period
Plus:
Net cash borrowing, or repayment of
Equals: Treasurer's
account balance, increase, or decrease (-)
Clearing
accounts
2/
Total net
transactions
-175
-294
-1,904
1,827
-306
309
-510
1,259
-2,130
5,096
2,692
-1,094
-12,430
1,353
-1,387
-5,018
1,579
-4,765
-3,648
5,253
8,032
1,301
76
8,755
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
-8,224
-10,232
3,994
10,232
4,230
borrowing (-
Cash
depos it s
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
67,758
77,079
81,875
82,094
81,612
94,862
96,897
101,608
69,713
71,690
77,279
85,015
93,736
93,817
97,774
107,836
-1,955
5,390
4,596
-2,921
-12,124
1,044
-877
-6,278
1963 (Est.)...
196/i (Est.)...
108,470
112,245
116,694
122,477
-8,224
-10,232
1961-Jan. - June
July - Dec.
3U
45,822
50,414
56,016
2,900
-10,194
306
1,153
3,206
-9,041
-2,923
8,841
-200
99,136
106,429
-7,294
1,458
-5,835
5,913
83
57,430
50,636
53,513
59,821
3,916
-9,185
107
569
4,023
-8,616
-87
5,695
3,936
-2,922
108,066
113,335
-5,269
675
-4,593
5,608
1,015
August
September,.
4,743
11,443
10,632
9,334
11,904
8,196
-4,641
-461
2,436
-88
441
60
-4,729
-20
2,496
678
2,171
-1,758
-4,051
2,151
738
October
November.
December.
4,669
10,669
8,480
10,582
11,012
8,744
-5,913
-343
-264
5
-276
428
-5,908
-618
164
3,158
1,209
236
-2,750
591
400
7,718
10,192
-2,474
-114
-2,588
564
-2,024
58,354
70,014
-11,659
455
-11,204
6,259
-4,945
Fiscal year:
1955
1956
1957
1958
1959
1960
1961
1962
Total
1962-Jan. - June,
July - Dec ,
Total
1962- July
1963-January
1963 to date.
...
. .
53,
Actual figures are based on the daily Treasury statement;
estimates are from the 1964 Budget document, released January 17,
Figures in the
1963, including effects of proposed legislation.
first four columns of this table may differ somewhat froii those
Source:
1/
2/
283
originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
See Table 3, footnote 7.
See Table 3, footnote 6.
Treasury Bulletin
28
.
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 receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury
held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
is
On occasions,
the same bank.
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 aooount as well as for the account of their
customers.
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of conimerclal banks throughout
to leave funds In banks and In the comjnunltles In which they
arise until such time aa the Treasury needs the funds for Its
the country.
operations.
As the balances In these accounts become depleted,
Dsposlts to tax and loan aocounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
In this way the Treasury Is able to neutrallie
the effect of Its fluctuating operations on bank reserves
and the economy.
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
pages 275-28't.
money from a customer's account to the tax and loan aooount In
Table 1.- Statu? of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
End of
fiscal
year or
month
Treasury operating balance
Available
funds in
Federal
Reserve
Banks
380
1955
1956
1957
1958
1959
522
498
410
535
Tax and loan
accounts In
special
depositaries
Gold in
Trea sury
fund
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
4,365
4,633
4,082
8,218
3,744
493
501
489
401
101
5,239
5,656
5,069
9,030
4,380
187
159
190
259
106
109
121
7,068
5,969
9,548
253
179
U7
64
70
306
In Federal
Reserve
Banks in
process of
collection
In other
depositaries
Total
assets
Liabilities
1/
Balance in
account of
Treasurer
of U. S.
U6
2/
166
447
240
100
j/
6,216
6,546
5,590
9,749
5,350
93
37
37
49
63
343
421
302
287
273
429
6,362
6,712
6,037
9,990
5,451
58
337
222
303
375
335
441
8,092
6,769
10,509
87
75
79
8,005
6,694
10,430
500
438
440
365
1960
504
1%1
408
1962
612
6,458
5,453
8,815
1961-Deceiiiber.
465
5,157
118
5,740
181
81
173
391
6,566
72
6,494
1962- July
August . . .
September
390
478
400
5,089
7,210
7,919
120
125
116
5,600
7,813
8,435
165
165
57
251
178
310
373
367
363
6,446
8,599
9,350
66
69
81
6,380
8,530
9,268
October.
November,
December.
513
585
597
5,131
5,728
6,092
130
116
5,774
6,428
:i26
6,8U
161
155
162
93
244
21A
234
351
341
284
6,589
7,212
7,586
71
103
77
6,518
7,109
7,509
821
3,678
112
4,612
182
91 i/
240
361
5,485
1963- January.
167
Source: Dally Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc." shown
under assets. Post Office Department and postmasters' disbursing
accounts also are included through November 1954.
(See footnote 2).
Treasurer's checks outstanding are included through June 1958, after
which they are included in the balance in the Treasurer's account.
(See footnote 3).
2/ Beginning December 1954, Post Office Department and postmasters'
76
76
58
74
i/
2/
i/
2/
y
5,485
disbursing accounts are not treated as liability accounts of the
Treasurer of the United States, but are classified and treated 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 -4207 million in the balance
in the Treasurer's account (and In the "clearing account") reflects
this change.
Through June 1958, the balance of the Treasurer was reduced when
Tl-easurer's checks were issued and the amount of the checks was
carried as a liability until paid.
Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1%3, are net of uncollected items,
exchanges, etc. Previously these items were Included under liabilities
.
,
February 196')
29
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Proceeds from sales of securities
Fiscal year
or month
Savings
bonds
Retirement
Plan
bonds
Tax
anticipation
securities
During period
Taxes
1/
Withheld
and
excise 2/
Other
8,167
Income (by
special
arrangement ) j/
Total
credits
Withdrawals
End of
period
High
42,545
38,871
46,000
50,908
62,994
4,365
4,633
4,082
8,218
3,744
Low
Average
7,299
5,486
6,078
8,869
8,055
1,910
1,103
813
1,078
912
3,991
3,373
2,987
3,246
3,638
1955
1956
1957
1958
1959
5,977
6,035
5,043
2,922
7,581
6,568
13,513
13,164
20,538
23,897
26,709
27,881
29,190
2,967
4,611
4,152
7,903
5,919
42,074
3,810
2,976
2,82^
2,668
1960
1961
1962
2,679
2,787
2,725
7,784
7,613
5,898
7,920
1,788
3,774
33,059
34,511
37,519
6,053
57,4%
9,M2
6,521
55,842
56,438
54,782
56,847
53,076
6,458
5,453
8,815
6,458
7,653
8,889
1,390
1,161
1,531
4,103
4,151
4,457
3,491
1,539
5,256
5,029
5,157
5,512
2,171
3,869
1,514
4,557
3,986
61
1,803
6,758
5,479
5,528
4,637
4,770
5,089
7,210
7,919
8,743
7,631
7,919
5,089
4,007
4,452
6,335
5,883
6,201
7,342
3,841
5,374
5,131
5,728
6,092
9,487
5,824
6,188
5,131
4,056
2,735
6,849
5,012
4,560
4,206
3,678
5,886
3,458
4,095
1961-December.
225
1962- July
August...
September
227
211
180
October,
November.
December.
200
196
209
1963- January.
317
786
1,989
1
2,963
1,312
58,520
1,354
4,242
3,933
1,596
4,553
4,438
5,738
1,432
44
1,793
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
pxirchased 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.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
March 1948; taxes on employers and employees under the Federal
34
Source:
1/
39, UO
45,448
2/
»
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.
Less than $500,000.
Treasury Bulletin
30
.DEBT OOTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
Matured debt and debt bearing no interest
Interest-bearing debt
Public debt
End of
fiscal
year or
Total 1/
month
Public
debt 2/
Guaranteed
securities
Public
debt
Total
Guaranteed
securities
Total
national
Monetary
Fund
2,633
2,868
2,042
1,646
2,873
3,090
3,299
3,759
589
666
529
597
476
445
349
438
1,567
1,742
1,068
618
1,979
2,238
240
444
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
2,667
58
115
55
396
484
330
293,019
292,689
330
3,480
3,480
463
2,388
115
25
488
297,876
301,842
299,498
448
470
487
294,363
298,372
2%, 057
293,918
297,904
295,571
445
468
486
3,960
3,939
3,929
3,958
3,938
3,927
343
342
332
2,962
3,002
3,002
115
115
115
55
55
55
483
423
423
302,553
305,893
303,988
302,067
305,390
303,470
486
503
298, U5
301,384
3,923
4,007
4,262
3,922
4,006
4,261
115
173
151
85
551
3,002
3,012
3,012
100
299,209
485
502
517
297
299
518
298,630
301,886
299,726
125
422
422
422
303,948
303,417
531
299,858
299,332
526
4,090
4,085
393
2,995
151
125
421
298,324
302,312
299,986
October.
November.
December.
1963-January..
,
1%1
1%2
,
44
74
43
73
106
101
110
139
Daily Treasury statement.
Source:
1/ 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 issued to the
Treasury (see Table 6).
J/ Held outside the Treasury.
^
^
6/
»
Guaranteed
securities j/
(matured)
477
460
444
430
417
407
296,169
296,499
1962- July
August . .
September
,
Other
Matured
107
101
111
140
240
444
1961-Deoember.
,
national
Development
Association
InterAmerican
Development Bank
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
,
Inter-
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
,
Inter-
Total
i/4/
1955
1956
1957
1958
1959
1960
^
Special notes to -
2,4%
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 Uonetar;
Fund, the International Development Association, and the Inter-America:
Development Bank In payment of part of the U. S. subscription to each.
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)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Computed annual
interest charge
Public
debt
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
6,388
6,952
7,328
7,248
8,069
9,320
8,769
9,534
293,019
292,689
9,167
August ...
September,
294,363
298,372
296,057
293,918
297,904
295,571
October. .
November.
December.
298,630
301,886
299,726
299,858
,
1%1-December.
1%2- July
,
1963-January..,
Marketable issues
interest-
Public debt
and guaranteed securi.
ties 1/
1955
1956
1957
1958
1959
1960
1961
1962
Public debt
Total
Public debt
and guaranteed securities 1/
Public
debt
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
bearing
securities
Total
public
debt
6,387
6,950
7,325
7,245
8,066
9,316
8,761
9,519
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.240
9,156
9,538
9,715
9,704
298,145
301,384
299,2C9
299,332
NonmarketTrea surj able
bonds
issues
Total
Bills
Certif-
2/
2/
icates
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.239
2.079
2.427
2.707
2.546
2.891
3.449
3.063
3.285
1.539
2.654
3.197
1.033
3.316
3.815
2.584
2.926
1.173
2.625
3.345
3.330
2.842
4.721
3.073
3.377
846
075
504
806
304
058
704
3.680
2.480
2.485
2.482
2.576
2.619
2.639
2.829
3.135
3.135
3.U6
2.701
3.000
9,523
9,699
9,687
3.247
3.263
3.285
3.247
3.262
3.284
3.295
3.315
3.346
2.978
3.005
3.019
9,765
9,904
9,859
9,747
9,886
9,841
3.277
3.288
3.298
3.277
3.288
3.297
3.335
3.348
3.357
9,868
9,849
3.299
3.299
3.357
On the basis of the daily Treasury statement.
The computed annual Interest charge represents the amount of interest
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 1%0).
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 any group of Issues, by the corresponding r>r(n-<
Source:
Note:
—
1/
2/
J/
^
Notes
Spec la 1
issues
V
Guaranteed
securities
V
3.122
2.789
2.824
2.853
2.892
2.925
3.219
3.330
3.364
2.585
2.705
2.635
2.630
2.694
2.772
2.803
2.891
2.590
2.606
2.611
2.622
2.628
2.681
3.144
3.500
3.6W
2.966
3.350
2.823
3.332
3.377
3.418
3.426
3.679
3.730
3.785
3.122
3.179
3.369
3.373
3.377
2.883
2.902
2.901
3.509
3.516
3.527
2.976
2.976
2.989
3.426
3.362
3.362
3.807
3.853
3.852
3.179
3.227
3.241
3.383
3.387
3.395
2.8C4
2.891
2.898
3.554
3.569
3.584
2.992
3.362
3.851
3.243
3.396
2.893
3.610
3.U8
amount. Beginning 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.
Guaranteed securities included are those 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.
.
,
.
February 19 6 J
31
.DEBT OUTSTANDING.
Table 3*- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
End of
fiscal
year or
month
Total
interestbearing
public
debt
Nonmarketable
Marketable
Total
public
Issues
Total
Bills
Certificates
Trea sury
bonds 1/
U.
S.
Trea sury
bonds
investment
series
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
Cfther
Special
issues
Total
savings
bonds
73,285
69,817
65,953
61,777
59,050
58,365
57,497
54,622
51,984
50,503
12,589
12,009
11,135
9,621
8,365
417
310
196
171
183
43,250
45,114
46,827
46,246
44,756
170
117
138
860
75
44,899
45,043
44,939
1,913
1955
1956
1957
1958
1959
271,7-il
269,883
268,486
274,698
281,833
228,491
224,769
221,658
228,452
237,078
155,206
154,953
155,705
166,675
178,027
19,514
20,808
23,420
22,406
32,017
13,836
16,303
20,473
32,920
33,843
40,729
35,952
30,973
20,416
27,3U
81,128
81,890
80,839
90,932
84,853
1960
1961
1962
283,241
285,672
294,442
238,342
240,629
249,503
183,845
187, L48
17,650
13,338
13,547
51,483
56,257
65,464
81,297
80,830
75,025
54,497
53,481
53,431
47,544
1%,072
33,415
36,723
42,036
47,607
6,783
5,830
4,727
1961-Dec.
292,689
249,169
195,965
43,444
5,509
71,526
75,486
53,205
47,458
5,074
154
450
46
23
43,520
1962-July
Aug.
Sept
293,918
297,904
295,571
250,122
252,478
251,013
196,870
199,295
197,951
42,838
43,637
42,236
13,547
20,399
17,849
65,477
58,062
58,104
75,008
77,197
79,762
53,252
53,183
53,062
47,653
47,697
47,717
4,713
4,646
4,574
116
116
96
670
550
500
75
150
150
24
24
24
43,796
45,427
44,559
Oct.
Nov.
Dec.
298, M5
301,384
299,209
254,256
257,222
255,784
201,311
204,222
203,011
46,139
47,843
48,250
17,854
22,710
22,710
57,583
53,653
53,679
79,734
80,015
78,371
52,945
53,000
52,772
47,680
47,720
47,535
4,490
4,477
4,443
95
95
110
435
385
360
221
299
299
24
25
26
43,890
44,163
43,426
1963- Jan.
299,332
257, U2
203,959
48,944
22,710
53,697
78,608
53,183
47,742
4,410
108
468
429
26
42,191
Daily Treasury statement.
Includes J21 million of postal savings bonds for fiscal 1955, and $50 million
of Panama Canal bonds for fiscal years 1955-60.
Consists of certificates of indebtedness and from January 1%3 Treasury
notes sold to foreign governments for U, S. dollars.
Source:
]/
2/
47,5U
Consists of the dollar equivalent of certificates of indebtedness and from October 1962 Treasury bonds issued and payable in
designated foreign currencies.
Consists of Treasxiry savings notes (1955); Treasury bonds. Rural
Electrification Administration series beginning July 1960, and
retirement plan bonds beginning January 1963.
j/
i/
Table 4.- Average Length and Maturity Distribution of Marketable Interest -Bearing Public Debt
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
1-5
155,206
154,953
155,705
166,675
178,027
49,703
71,952
67,782
72,958
39,107
34,401
40,669
42,557
58,304
34,253
28,908
12,328
21,476
17,052
28,613
28,578
26,407
27,652
21,625
183,845
187,148
196,072
70,467
81,120
88,442
72,844
58,400
57,041
20,246
26,435
26,049
12,630
10,233
9,319
10,
1961-December.
195,965
85,913
64,874
19,782
1962-July
August . . .
September.
196,870
199,295
197,951
89,244
93,728
84,467
57,055
52,806
58,158
201,311
204,222
203,011
88,284
88,580
87,284
203,959
87,978
1955.
1956.
)1957.
1958.
1
.
.
||1959.
tl%0.
il961.
1962.
October.
November,
December.
L963-January.
58, 7U
years
5 - 10
years
10 - 20
years
20 years
and over
Average length
3,530
4,351
4,349
7,208
8,088
yrs.
yrs.
yrs.
yrs.
yrs.
10 mos.
4 mos.
9 mos.
3 mos*
7 mos.
7,658
15,221
yrs.
yrs.
yrs.
4 mos.
6 mos,
11 mos.
11,976
13,419
4 yrs.
26,045
27,885
32,411
9,313
9,309
7,353
15,213
57,728
61,614
61,640
32,403
31,140
33,983
7,348
7,342
4,565
61,657
33,975
4,566
%0
15,782
Treasury Bulletin]
32
.DEBT OUTSTANDING.
i
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
1955
1956
43,250
1957
1958
46,827
46,246
1959
1960
44,756
1%1
45,043
44,939
45, IM
U,899
1962
Federal
Disability
Insxirance
Trust
Fund
Federal
home
loan
banks
200
835
673
718
673
996
629
694
556
500
2,017
2,299
2,304
52
325
1,533
50
165
165
59
50
74
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees
retirement
funds
18,239
19,467
19,463
18,610
94
103
103
112
6,168
6,667
7,394
7,738
1,233
1,217
1,200
17,227
16,413
16,200
15,074
116
104
138
182
8,608
9,397
10,414
11,382
1,127
1,107
1,071
1,028
429
234
436
5,742
5,803
5,759
5,804
10,718
1,025
75
5,679
Government
Life
Insxirance
Fund
1,U4
Hlghvray
Trust
Fund
404
822
1
National
Service
Life
Insurance
Fund
5,346
5,481
5,570
5,665
Postal
Savings
System
V
91
6
5
26
Railroad
Retirement
Account
Unemployment
Trust
Fund
3,486
3,600
3,475
3,531
7,479
7,737
7,996
6,671
79
112
123
3,417
3,586
3,504
3,316
5,636
5,580
4,625
4,657
126
138
192
156
3,135
4,707
153
3,244
3,203
133
134
135
Other
2/
120
1961-Decenber.
43,520
543
2,237
50
15,076
120
1962- July
August ...
September
43,796
45,427
44,559
435
658
445
2,237
2,272
2,268
142
106
14,222
113
223
129
11,437
11,480
11,521
1,022
1,018
1,015
421
421
410
5,793
5,786
5,777
3,U8
4,578
5,175
5,066
October.,
November.
December.
43,890
44,163
43,426
449
443
443
2,221
2,217
2,145
264
191
13,920
51
13,669
130
116
119
11,596
11,660
11,707
1,010
1,008
1,002
369
279
285
5,772
5,769
5,763
3,082
3,062
2,996
4,940
5,226
5,108
137
138
139
42,191
462
2,076
235
12,788
106
11,776
988
302
5,538
2,949
4,813
160
1963-January.
71
U,943
M,575
U,055
Source:
Daily Treasury statement.
1/ Includes Canal Zone Postal Savings System through July 1959.
Consists
of:
Farm Tenant Mortgage Insurance Fund (through March 1956),
2/
18
6
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans' Special Term Insurance Fund.
Less than $500,000.
-
,
.
February 1961
33
DEBT OUTSTANDING
Table 6,- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
End of
fiscal
year or
Total
month
International
Development 1/
Commodity
Credit
Corporation
Rural
Electrification
Administration
3,155
3,332
3,484
1,310
1,239
1,205
1,528
1,937
1,636
1,698
1,830
11,952
3,423
695
12,145
11,778
12,123
3,574
3,574
3,574
885
388
913
829
829
818
12,598
12,451
12,884
3,654
3,654
3,572
961
933
973
818
12,926
3,652
1,209
1,213
1,198
1,188
1,164
1,138
1,107
1,062
7,608
11,190
13,383
11,528
12,874
12,704
11,534
12,990
2,207
2,343
2,519
2,728
2,923
1961-DeceTDber
27,527
1,093
1962- July
September
27,836
27,516
27,912
830
830
830
October,
November,
December,
28,550
28,484
28,748
28,927
Axigust ,
,
1963- January,
2/
162
151
265
256
323
369
456
854
16,175
20,049
22,731
21,859
25,343
25,636
26,011
28,634
1955
1956
1957
1958
1959
1960
1961
1962
Secretary:
Farmers'
Home
Administration
programs
2/
Housing and Itome
Finance Agency
Export
Import
Bank of
Washington
V
t
2/
2/
Act,
)
^
Public
Housing
Administration
61
3
38
16
48
1,567
2,000
1,356
3,333
1,783
1,796
1,804
1,620
1,676
1,689
3,266
3,193
3,173
1,806
1,841
1,630
1,730
1,746
1,778
1,652
1,848
130
165
282
476
730
977
1,213
^
Note:
l/
Federal
National
Mortgage
Assocl
ation
1,966
1,954
1,741
1,502
2,351
2,338
3,202
3,167
Daily Treasury statement,
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury, Further detail may be found in the 1961
Annual Report of the Secretary of the Treasiiry, page 736, and the 1962
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 514,
And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S,C, 1442), and the notes together with
others issued for the same purpose are included in "Other,"
Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund),
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Soiirce:
Administrator
Saint
Lawrence
Seaway
Development
Corporation
^
6/
2/
Tenn,
Valley
Authority
Veterans'
Administration:
Direct
loan
program
other
tion
Act
of 1950
1/
6/
1,976
1,530
1,971
22
1,530
1,530
1,580
1,978
1,982
1,989
22
22
22
25
25
25
1,640
1,640
1,640
1,987
1,987
1,936
22
22
22
25
1,690
1,979
22
491
35
97
27
29
112
118
121
121
930
1,180
1,330
1,530
30
121
32
72
93
121
121
121
3,133
3,139
3,166
44
41
83
121
121
121
3,177
28
121
32
32
Produc-
14
11
21
18
22
21
22
22
14
534
733
780
41
Under
Defense
1,002
1,144
1,294
1,723
1,950
1,970
1,%4
Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans beginning fiscal 1956,
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation,
Consists of notes of: The Administrator , General Services Administration, for defense materials procurement; the Secretary of Agricultxire;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury,
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal years 1955-57; United States Information Agency for informational media guaranties beginning fiscal 1957
(see footnote 5); Secretary of Commerce (Maritime Administration) for
the Federal Ship Mortgage Insurance Fund fiscal years 1959-61; Virgin
Islands Corporation beginning fiscal 1960; and District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962,
3»^
.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 ]/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
Management
and liquidating issues
All other
issues
Tennessee
Valley
Authority
1955
1956
1957
1958
1959
2,876
3,889
5,013
5,423
6,708
110
133
179
199
284
929
738
456
992
834
924
1,159
1,456
1,061
1,322
1,552
1,646
1,888
570
570
570
797
797
100
100
1,050
1,165
1,290
1960
1961
330
382
430
1,259
1,055
1,797
1,600
1,723
1,855
2,137
2,357
2,550
797
1962
8,407
7,765
9,332
2,284
2,198
2,556
U5
1961-Deceiiiber.
8,574
434
1,571
1,585
2,431
2,453
100
1962-July
August . .
September
9,593
9,865
9,883
430
482
474
2,108
2,233
2,257
1,936
1,950
1,930
2,550
2,596
2,596
2,435
2,458
2,481
145
October..
November.
December.
10,293
10,213
10,133
480
480
1,842
1,774
1,727
2,628
2,628
2,628
2,492
2,479
2,422
145
504
2,707
2,707
2,707
1963-January..
9,800
504
2,424
1,729
2,628
2,370
145
341
Office of Debt Analysis and agency reports.
Source:
The securities shown in the table are public offerings.
Note:
i/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
50
U5
U5
U5
145
The proprietary interest of the United States in these banks ended
June 1947.
Figures do not Include securities which are Issued for use as collateral
for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
February 196)
35
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
(
by an act approved June 30, 1959.
3I U.3.C.
757b),
ae amended
provides that the face a-
July
June
9,
1956); $5 billion from February 26, 195S, through
1959 (act of February 26, 1958); $10 billion from
1959, through June 30, 196O (act of June 30, 1959);$S
30,
mount of obligations Issued under authority of that act, and
July
the fac8 amount of obligations guaranteed as to
billion from July
principal and
1,
1,
1960, through June 30, I961 (act of June
held by the Secretary of the Treasury )8hall not exceed In the
i960); $13 billion from July 1, 196I, and an additional
$2 billion from March I3, 1962, through June 30, 1962 (acts of
The cor-
June 30, 1961, and March I3, I962); and $23 billion from July
interest by the United States (except guaranteed obligations
aggregate $2S5 billion outstanding at any one time.
30,
1962,
through March 3I, I963, |20 billion from April
1
responding limitation in effect under the act of June 26,19^6,
1,
was }.275 billion and that under the act of September 2,
through June 2k, I963, $15 billion from June 25 through June
Obligations issued on
30, 1963 (act approved July 1, I962).
was 3283 billion.
In addition,
I95S,
tr^iporory increases have been
authjrized as follows: $5 billion from August 28, 1954, through
a discount basis and subject to redemption prior to maturity
Jun« 30, 1956 (acts of August 28, 195'4-, and June 30, 1955);
J3 billion from July 1, I956, through June 30, 1957 (act of
at the option of the owner are Included in the statutory debt
limitation at current redemption values.
Table 1.- Status under Limitation January 31, 1963
(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 July 1, 1962
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. ,..,,,,.
308,000
303,046
531
Total amount of securities outstanding subject to statutory debt limitation
303,577
Balance issuable under limitation
Source:
4,423
Daily Treasxu^ statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding January 31, 1963
(In millions of dollars)
Class of security
Subject
36
Treasury Bulletin
February 1961
37
PUBLIC DEBT OPERATIONS.
Tnble 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding January 31, 1963
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Amount of bids accepted
Issue date
Maturity
date
Number of
days to
maturity 1/
Amount of
bids
tendered
91
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Regular weekly bills:
1%2-Oct.
1963- Jan.
Apr.
3
4
182
2,010.7
1,505.3
1,300.5
701.1
1,089.6
643.4
210.9
57.7
156.9
53.4
1,300.5
600.6
Oct.
11
Jan.
Apr.
10
11
91
182
2,135.7
1,630.6
1,301.4
700.6
1,022.1
631.2
279.3
69.4
94.2
14.3
1,301.4
600.2
91
182
2,224.5
1,436.4
1,300.3
700.0
1,007.5
623.4
292.9
76.7
13.9
18
Jan.
Apr.
17
Oct.
4-6
1,302.5
600.3
25
Jan.
Apr.
24
Oct.
25
91
182
2,133.0
1,394.1
1,300.5
700.3
1,044.7
633.3
255.8
67.0
121.9
3.5
1,298.1
600.4
Jan.
Nov.
1
31
2
91
182
2,206.9
1,572.6
1,301.1
700.8
1,064.7
643.5
236.5
57.3
95.0
43.0
1,300.7
600.0
7
May
9
91
182
2,249.2
1,760.7
1,300.9
702.3
1,066.4
644.6
234.6
57.7
138.2
8
Feb.
Nov.
42.7
1,300.9
601.6
Feb.
15
M
91
Nov.
May
16
182
2,324.7
1,435.7
1,302.3
701.3
1,062.2
638.8
240.1
62.5
73.8
22.8
1,300.7
600.1
Jan.
Jan.
Jan.
Feb.
Feb.
17
24
31
63
70
77
7
84
91
.2,410.1
1,001.3
988.1
13.3
Feb.
21
28
98
Nov.
15
May
J/.
Feb.
Mar.
Mar.
Mar.
18
U
21
105
112
119
126
181
2,409.2
1,273.8
1,300.1
800.0
1,030.8
736.0
269.3
64.0
91
183
2,042.4
1,528.4
1,300.4
800.7
1,075.8
750.9
224.6
49.8
7
M
Nov.
23
May
21
23
29
Feb.
28
Nov.
May
31
Feb.
90
7
91
182
2,108.0
1,663.1
1,300.3
800.9
1,070.2
749.3
230.1
6
U
91
182
1,973.0
1,320.6
1,300.7
801.0
1,038.2
736.7
262.
13p
Mar.
June
Dec.
20p
Mar.
June
21
20
91
182
2,091.6
1,248.4
1,301.0
800.0
1,021.1
737.5
279.9
62.5
Dec.
27p
Mar.
June
28
27
182
2,659.7
1,321.6
1,309.1
801.6
1,086.9
749.0
222.2
52.5
1963-Jan.
3p
Apr.
July
5
183
2,220.0
1,339.5
1,301.1
800.5
1,092.1
759.3
208.9
41.2
Jan.
lOp
Apr.
July
11
11
91
182
2,196.3
1,541.6
1,300.9
800.5
1,006.9
736.6
294.0
63.8
Jan.
17p
Apr.
18
18
91
182
2,363.1
1,250.0
1,301.1
800.0
969.1
729.3
331.9
70.7
Jan.
2^p
25
25
91
182
2,253.5
1,352.8
1,302.1
800.3
1,038.4
739.5
263.7
60.8
Jan.
31p
2
1
91
182
2,035.4
1,197.2
1,300.5
800.0
1,067.1
751.2
233.4
48.8
22
24
170
138
5,945.8
2,061.8
3,005.2
1,000.7
2,440.4
958.4
564.8
42.3
Dec.
Dec.
6
Mar.
June
July
Apr.
July
13
91
91
May
Aug.
117.1
53.5
51.5
64.
Tax anticipation bills:
1962-Oct-.
3
1963-Feb.
6p
1%3-Mar.
June
Other bills:
1%1-Oct.
16
1962-Oct.
15
364
3,756.8
2,003.5
1,863.9
139.5
10.6
1962-J8n.
Apr.
July
Oct.
15
15
15
15
1%3-Jan.
Oct.
15
15
15
15
365
365
365
365
3,650.9
3,453.7
3,722.3
4,535.0
2,001.3
2,000.8
2,003.6
2,500.1
1,810.8
1,841.3
1,778.9
2,315.1
190.4
159.5
224.7
185.1
138.7
80.1
16.3
190.0
1%3-Jan.
15p
1964-Jan.
15
365
5,244.4
2,496.2
2,252.9
243.2
38.6
Apr.
July
,
)
February 196J
39
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Regular weekly bills;
V
low
High
Equivalent average
rate
(Contlnuedl
-
Price per hundred
(Percent
Equivalent rate
V
Price per himdred
Equivalent rate
(Percent)
(Percent)
198.533
2.752
2.902
99.310
98.537
2.730
2.894
99.300
98.530
2.769
2.908
(99.304
1962-Oct.
4
Oct.
11
r99.302
\98.552
2.760
2.864
99.308
98.560
2.738
2.848
99.300
98.550
2.769
2.868
Oct.
18
f99.305
198.563
2.749
2.843
99.310
98.570
2.730
2.829
99.303
98.562
2.757
2.844
Oct.
25
f99.307
2.742
2.828
99.312
98.576
2.722
(,98.570
2.817
99.305
98.568
2.749
2.833
2.670
2.767
99.318
98.596
2.698
2.777
6/
Nov.
1
/99.321
198.597
2.686
2.775
99.325
98.601
Nov.
8
/99.282
198.520
2.841
2.927
99.287 2/
8/
2.821
2.916
99.279
98.519
2.852
2.929
Nov.
15
f 99. 292
\98.561
2.801
2.846
99.295
98.570 2/
2.789
2.829
99.290
98.559
2.809
2.850
Nov.
15
99.248
2.866
99.258
2.827
99.245
2.876
r99.292
\98.546
2.833
2.892
99.297
98.552 1Q/
2.812
2.880
99.290
98.539
2.840
2.906
2.801
2.915
99.276
98.502
2.864
2.947
2/
^B.'iZb
Nov.
23
Nov.
29
/99.279
\98.508
2.853
2.936
99.292
98.518
Deo.
6
(99.277
(98.511
2.861
2.945
99.281
98.520
2.844
2.927
99.274
98.509
949
(99.290
(98.554
2.807
2.861
99.299
98.562
2.773
2.844
99.286
98.548
2.825
2.872
/99.277
2.860
2.900
99.281 12/
98.544 U/
2.844
2.880
99.274
98.530
2.872
2.908
(98.522
2.893
2.924
99.275
98.530
2.868
2.908
99.268
98.517
2.896
2.933
2.888
2.939
99.259
98.488
2.931
2.974
2.900
2.951
99.259
98.4%
2.931
2.975
U/
872
Dec.
13p
Dec.
20p
Dec.
27p
1963-Jan.
3p
r99.260
198.492
2.926
2.966
99.270
98.506
Jan.
lOp
f 99. 262
198.500
2.920
2.%6
99.267
98.508
Jan.
17p
2.884
2.932
99.275
98.528
2.868
2.912
99.270
98.513
2.888
2.941
Jan.
24p
(98.496
2.923
2.976
99.271
98.518
2.884
2.931
99.260
98.493
2.927
2.981
Jan.
31p
/99.363
198.498
2.917
2.972
99.267
98.507
2.900
2.953
99.260
98.489
2.927
2.989
Tax anticipation bills:
1962-Oct.
3
98.765
2.616
98.820 16/
2.499
98.757
2.632
1963-Feb.
98.877
2.929
98.891
2.893
98.873
2.940
6p
198.534
/99.269
/99.271
\ 98. 518
/99.26I
jV
iV
^
Other bills:
1%1-Oct.
16
96.992
2.975
97.037 VJ/
2.930
96.979
2.988
1%2-Jan.
15
15
15
15
96.588
97.012
96.698
96.989
366
943
257
969
96.614 Ig/
97.014
96.730 12/
97.019 2fl/
340
918
225
2.940
96.572
97.002
96.682
96.980
3.381
2.957
3.273
2.979
15p
96.943
3.015
96.958 2i/
3.000
96.938
3.020
Apr.
July
Oct.
1963-Jan.
^
6/
2/
8/
2/
10/
11/
12/
12/
yj
Bank discount basis,
Except $100,000 at 98.584.
Except $1,500,000 at 99.319.
Except $100,000 at 98.601, $100,000 at 98.600, $200,000 at 98.590,
and $100,000 at 98.584.
Except $100,000 at 98.584.
Except $50,000 at 98.567, and $150,000 at 98.557.
Except $100,000 at 98.546, and $50,000 at 98.530.
Except $300,000 at 99.290.
Except $35,000 at 98.559.
Except $400,000 at 98.538.
1^/
16/
U/
18/
12/
20/
21/
P
Except $50,000 at 99.300, and $300,000 at 99.274.
Except $100,000 at 98.962, and $3,000,000 at 98.834.
Except $100,000 at 97.070.
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at 96.800,
$25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745.
Except $500,000 at 97.029.
Except $100,000 at 97.000, and $200,000 at 96.982.
Preliminary,
iM
Treasury Bulletin
PUBLIC DEBT OPHIIVTIOIE
Table 3.- New Money Financing through Regular Weekly Treasury Bills
foliar anounts In mlUlons
Description of issue
Issue
data
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted i/
New money
increase, or
decrease (-)
(rtrcentj
.1953-Apr.
May
Hay
May
June
June
June
June
July
July
July
23
1953- July
23
91
$2,202
I 1,501
2.320
lOO
7
Aug.
Aug.
Aug.
6
20
27
91
91
91
2,166
2,3i0
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
Sept.
Sept.
Sept.
Sept.
91
91
91
91
1,782
2,290
2,207
2.323
199
198
1,985
1,500
1,400
1,501
1,500
2.416
10
17
2i
2.228
1.954
300
300
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
21
28
A
11,
18.
25.
2.
9,
16,
Sept. 10.
1955-July
July
Ju^
July
Aug.
Aug.
Aug.
Aug.
7.
U.
21.
28.
4.
11.
18.
25.
Sept. 1.
Sept. 8.
Sept. 15.
Sept. 22.
Sept. 29.
Oct.
Oct.
Oct.
15
91
91
91
Dec.
10
91
2,023
1,501
1.953
101
1955- Oct.
Oct.
Oct.
Oct.
6
91
91
91
91
2,119
2,258
2,390
2,403
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
100
98
100
100
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
2.122
99
102
99
98
101
91
2,624
1,700
3.283
99
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
Dec.
Dec.
1957-Jan.
31.
1957- May
Feb.
Fab.
Fab.
Feb.
7.
May
May
May
May
Mar.
Mar.
U.
21.
28.
3
1
8
13
20
27
3
10
17
25
1
8
15
22
29
9
1.981
100
100
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
202
16
23
91
91
91
31
6
13
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
U.
June
June
Dec.
Dao.
19.
26.
1958- Mar.
Mar.
20
27
91
91
2,348
2,416
1,700
1,700
3.U0
3.173
100
98
1958-Jan.
Jan.
Jan.
Jan.
2.
9.
Apr.
Apr.
Apr.
Apr.
3
16.
23.
10
17
ZA
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
Mar.
13.
June
\2
91
2,436
1,700
1.532
-100
Sept. 11.
Sept. 18.
Sept. 25.
Dec.
Dec.
Dec.
11
18
26
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
1959- Jan.
Jan.
Jan.
Jan.
2
8
15
92
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
100
104
102
2,8U
2,857
1,802
1,801
2.649
2.774
102
101
7.
Oct.
Oct.
Oct.
Oct.
Oct.
16.
23.
30.
Nov.
Nov.
Dec.
Dec.
Dec.
1959-Jan.
Jan.
Jan.
2.
9.
202
Jan.
22
29
9X
91
91
91
6.
13.
Feb.
Feb.
5
13
91
92
11.
/Mar.
\ June
12
11
182
2,407
1,073
1,600
400
2.805
3.081
200
18.
fMar.
\ June
19
18
91
182
2,476
764
1,600
400
2.904
3.095
200
26.
fMar.
\ June
26
25
90
181
2,394
834
1,601
4X
2.739
3.017
201
/Apr.
I July
2
90
2
181
2,479
755
1,600
400
2.690
2.920
199
9
2,508
680
1,599
400
2.678
2.959
199
2,178
734
1,600
,808
401
034
2.
8.
15.
Footnotes at end of table.
91
(Apr.
I July
9
91
182
[Apr.
I July
16
16
91
182
(Continued on following page)
99
197
February 1961
J^i
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
Description of issue
Maturity
Issue
date
date
5
Mar.
12 2/.
Uar.
19
Uar.
26
Aug.
13....
Aug.
20
Aug.
27....
196&-May
19
May
26
June
2....
1961- Jan.
19
Jan.
26
Feb.
2
Mar.
Apr.
Apr.
30....
6
13....
May
A
May
11
July
20
Aug.
31.-..
Oct.
19....
Oct.
26
1962-Feb.
1
Feb.
15....
Feb.
23...
Mar.
1
Mar.
Mar.
15...
Mar.
22.,.
Mar.
29...
Footnotes at end of table.
(Continued)
Treasury Bulletin
1^2
PUBLIC DEBT OPERATIONS
Treasury Bills
Table 3.- New Money Financing through Regular Weekly
-
(Continued)
(Dollar amounts in millions)
Description of Issue
Issue
date
Number of
days to
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-)
matxirity
(Percent)
1962-Apr.
5
Apr.
12
Apr.
19
Apr,
26
May
A
91
182
12,225
1,217
$1,201
601
2.757
2.875
12
11
91
2,470
1,088
1,200
600
2.720
182
19
18
91
182
2,237
1,241
1,201
600
2.723
2.825
99
Oct.
2,103
1,168
1,201
600
2.740
2.837
99
1962- July
Cot.
July
Oct.
July
5
2.8W
$100
99
July
26
91
Oct.
25
182
10
Aug.
Nov.
9
8
2,524
1,352
1,204
602
2.719
2.816
105
182
23
23
91
183
1,247
1,300
600
2.700
2.795
98
2i.
Aug.
Nov.
2,0%
May
31
Aug.
Nov.
30
29
91
May
2,330
1,339
1,301
601
2.656
2.743
102
182
6
6
2,302
1,557
1,301
702
2.691
2.787
202
182
199
June
7
Sept.
Dec.
91
91
June
14
Sept.
Dec.
13
13
91
182
2,200
1,568
1,300
700
2.671
2.758
June
21
Sept.
Dec.
20
20
91
182
2,594
1,186
1,301
701
2.721
2.800
199
June
26
Sept.
Dec.
27
27
91
2,257
1,338
1,300
700
2.792
2,872
200
182
1,301
700
2.930
3,008
200
91
Oct.
1963-Jan.
3
182
2,212
1,202
12
1962-Cct
1963-Jan.
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
19
1962-Oct.
1963-Jan.
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
July
26
1962-Oct.
1963-Jan.
25
24
91
182
2,127
1,298
703
2.892
3.103
200
Aug.
1
2
1962-Nov.
1963-Jan.
199
Aug.
9
1962-Nov.
1963-Feb.
Aug.
16.,
1962-Nov.
1963-Feb.
15
Aug.
23
1962-Nov.
Aug.
July
July
5
1,362
91
182
2,161
1,576
1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
801
990
197
M
91
182
2,078
1,766
1,301
704
2.867
3.060
204
1%3-Feb.
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30
1%2-Nov.
1%3-Feb.
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
Sept.
6
1962-Dec.
1963-Mar.
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
Sept .
13
1%2-Dec.
13
91
1963-Mar.
U
182
2,377
1,291
1,301
701
2.789
2.911
101
1%2-Dec.
1%3-Mar.
20
21
91
1,301
700
2.796
182
2,265
1,375
1962-Dec
27
1%3-Mar.
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
2,011
1,505
1,300
701
2.752
2.902
100
100
Sept.
20
Sept.
27
31
2.%2
101
1%3-Jan.
3
Apr.
4
91
182
Jan.
91
182
2,136
1,631
1,301
Apr.
10
11
701
2.760
2.864
18
Jan.
Apr.
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
Oct.
25
Jan.
Apr.
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
Nov.
1
2,207
1,573
1,301
701
2,686
2.775
101
Oct.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
4
11
8
15
23
29
Footnotes at end of table
Jan.
31
91
May
2
182
Feb.
7
91
May
9
182
2,249
1,761
1,301
702
2.841
2.927
101
91
182
2,325
1,436
1,302
701
2.801
2.846
103
90
181
2,409
1,274
1,300
800
2.833
2.892
199
91
183
2,042
1,528
1,300
801
2.853
2.936
199
Feb.
U
May
16
Feb.
May
21
23
Feb.
28
May
31
(Continued on following page)
February 1961
+3
Treasury Bulletin
kk
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securitlee Other Than
Regular Weekly Treasury Bills
Date subscrip-
February 196J
"^5
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
Treasury Bulletin
1^6
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
February 19 6 J
Treasury Bulletin
k6
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
i/
2/
2/
i/
5/
6/
2/
S/
2/
iO/
a/
i2/
i2/
1^
i5/
16/
12/
12/
12/
20/
21/
22/
22/
2i/
25/
Issued at par except as noted.
For bill Issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
accepted bids. For details of bill offerings, see Table 2,
In reopenlr^gs, the amount issued is in addition to the amount in original
offering.
From date of additional issue in case of a reopening.
Subscriptions shown are from the public, but amounts issued Include
allotments to Government investment accounts.
For maturing securities exchanged for the new Issues, see Table 6.
Exchange offering available to owners of nonmarketable 2-3//,% Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
infomation on the original offering see "Treasury Bulletin" for
April 1951, page A-1. Amounts shown are as of January 31, 1963.
The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
Total allotments on cash subscriptions were limited to approximately
1,000 million. Nonbank subscriptions in amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Comercial banks subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of December
The Treasury also reserved the right to allot limited
31, 1952.
amounts of these bonds to Government investment accounts, which subscribed to a total amount of $118 million. Payment for the bonds
allotted could be made with accrued interest at any time not later
than July 31, 1953.
Tax anticipation bill, acceptable at face value In payment of Income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accrued interest
to maturity in payment of income and profits taxes due on the quarterly
payment date immediately preceding maturity.
Subscriptions for amounts up to and including $100,000 were allotted
in full.
Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
Subscriptions for amounts up to and including $10,000 were allotted
in full. Subscriptions from mutual savings banks, insurance companies,
pension and retirement funds, and State and local governments were
allotted 24 percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Subscriptions for amounts up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 40
percent but in no case less than $50,000.
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less than $50,000.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other Investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
than $25,000 were allotted not less than $25,000.
In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than 60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
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
26/
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 could be deferred until not later than October 21,
1957.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers but in no case
In addition, $100 million of the notes were
less than $10,000.
allotted to Government investment accounts.
28/ 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
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
29/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscriptions
for
or less were allotted in full. Subscrip$25,000
,20/
tions 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.
Subscrip31/ Subscriptions for $5,000 or less were allotted in full.
tions for more than $5,000 were allotted 60 percent to savings-type
investors, 40 percent to commercial banks for their own accounts,
and 25 percent to all other subscribers, but In no case less than
In addition, $100 million of the bonds were allotted to
$5,000.
Government investment accounts.
32/ Subscriptions for $100,000 or less were allotted in full. Subscrlp*
tions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
33/ 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
In
35 percent on notes but in no case less than the minimum.
addition, $100 million of the notes were allotted to Government
investment accounts.
34/ 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.
35/ 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 Jnd were
allotted 15 percent. Subscriptions for $25,000 or less were allotte(
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
not less than $5,000.
In addition, $50 million of the bonds were
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).'
Subscriptions for $100,000 or less were allotted In full. Subscrip.26/
tions for more than $100,000 were allotted 50 percent but in no esse'
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
22/ 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 savings
type 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.
2S/ 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. SubscriptionB
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
23/
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
1
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.
Footnotes continued on following page.
27/
|
-
n
y
.'
^
February 196)
kS
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
^0/
il/
^
42/
44/
45/
46/
47/
48/
49/
50/
54/
[
5 $/
Issued as a rollover of maturing one-year bills.
Savings-type Investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds were allotted to Government Investment accounts.
Subscriptions for tl0C,C00 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but In no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
were
Subscriptions
permitted to be made with payment in cash or in
4-3/458 Treasury notes maturing August 15, 1960 (see Table 6, footnote 22).
In addition in order that holders of 3-5/8^ Federal
National Mortgage Association notes maturing August 23, 1960, 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, 1960, 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
Subscriptions from commercial banks for their own accounts
25 percent.
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.
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2SS bonds of 1980, $215.9 million of the 3-l/2;5 bonds of 1990,
and $236.5 million of the 3-l/2;S bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
45^ bonds, with certain adjustments as of December 15, 1960, 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. Gash payments amounted to $365,375.
Subscriptions were permitted to be made with payment in cash or in
4-7/8^ Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturity February 15, 1961.
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 $4,364 million and were allotted in f'oll. Subthose
scriptions subject to allotment totaled $14,619 million,
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8;8 bonds of 1966 and $540 million of the
3-5/85? bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/458 Treasury certificates or 3-5/858 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.
57/ 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 central
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.
58/ 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
$480.4 million of the 3-1/2$ bonds of 1980, $160.6 million of the
3-1/256 bonds of 1990 and $289.5 million of the 3-1/2)6 bonds of 1998.
60/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
In addition, $100 million of the notes were
less than $100,000.
allotted 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
3-1/458 notes, $4 million of the 3-3/4$ bonds of 1966, and $136 million
of the 3-3/4$ bonds of 1974.
63/ 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 $309,000,
ment of any cash difference.
64/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds were
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 $1,518
million of the 4$ notes,
66/ In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $385 million of the 4$ bonds of
1971, $177 million of the 4$ bonds of 1980, $218 million of the 3-1/2$
bonds of 1990 and $221 million of the 3-l/2$ bonds of 1998.
67/ Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 31).
68/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000,
In addition, $100 million of the bonds were
allotted to Government investment accounts,
69/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4$ certificates, $14 million of
the 3-5/8$ notes, and $64 million of the 3-7/8$ bonds,
70/ Subscriptions were permitted to be made with payment in cash or in
the 4$ notes or 3-l/4$ notes, both maturing August 15, 1962 (see
Table 6, footnote 32).
71/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
72/ 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 totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Remaining footnotes on following page.
56/
Treasuri^ Bulletin
50
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
Subscriptions for the i% bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds were allotted to
$100,000.
Government investment accounts,
24/ All subscriptions for the A-l/4)f bonds were allotted in full. In
addition, $50 million of the bonds were allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
Issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1%2).
75/ In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $21 million of the 3-3/A% notes
jnd $320 million of the i,t bonds.
76/ Includes $3,7% million allotted to Federal Reserve Banks and Government Investment accounts of the 3-l/8St certificates, $1 million of
the 3-l/2if notes, and $6 million of the A% bonds.
73/
22/
22/
22/
80/
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1%3.
Holders of approximately $458 million of Series F and G savings
bonds which mature In 1%3 and 1964 were offered in exchange either
the 3-7/856 bonds or the A% bonds with certain adjustments as of
December 15, 1962, 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 payment of any cash difference. Cash payments
amounted to about $92,000 for the 3-7/8? bonds and about $101,000
for the 4it bonds.
The bonds were sold to a syndicate on the basis of competitive bidding]
for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a A% coupon, resulting in a net basis cost
to the Treasury of 4.008210!f, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4!f certificates and $15 million
Preliminary.
of the 3-3/4/t bonds.
p
FebTuanf 1961
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Inveptor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^ (Continued)
(In millions of dollars)
Issue
February 196)
53
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/ - (Continued)
(In millions of dollars)
Issue
1
Treasury Bulletin
5'+
PUBLIC DEBT OPERATIONS
Table 5
-
Marketable Securities
Allotments by Investor Classes on Subscrlotlons for Public
(Continued)
Bills
Treasury
Weekly
i/
Regular
Other Than
(In millions of dollars)
Allotments by investor classes
Government
investment
In
exchange accounts
and
for
Federal
other
Reserve
securiBanks
ties
Amount issued
Date of
financ-
For
cash
Description of security
ing
1/15/62
1/2V62
2/15/62
3.366* Bill
i,%
Bond
l3-l/2!f Cert.
[4i{
Note
Bond
Bond
3-1/2* Bond
3-1/2* Bond
/,%
3/1/62
<i){
2,001
1/15/63
10/1/69
6,862
4,454
2,806
563
900
933
8/15/71
2/15/80]
2/15/90 f 2/
11/15/98J
1,802
Bill
9/21/62
4/15/62
2.9A3* Bill
4/15/63
2,001
V18/62
3-3/^* Bond
8/15/68
1,258
7/15/62
8/15/62
(3-1/4* Cert.
3-5/8* (tote
3-7/8* Bond
5/15/63
2/15/66
11/15/71
3.257* Bill
7/15/63
[3-1/2* Cert,
Bond
k*
[4-1/4* Bond
8/15/63-c"!
[3-3/4* Note
Bond
[4*
8/15/67-A
8/15/72
10/3/62
2.616* Bill
3/22/63
11/15/62
2.969* Bill
3-1/8* Cert.
3-1/2* Note
Bond
4*
12/
,
!'
2,500
35
banks
Corporations
i/
^
Pension
and retirement
funds
Other
funds
11/15/62
12/15/62
2.866* Bills
f3-7/8*
^*
Bond
Bond
3
21
404
30
26
11
6
45
64
36
313
93
270
2C8
322
183
1A4
94
22
88
160
28
133
98
646
135
35
19
11
408
177
218
221
1,591
116
94
77
118
115
51
46
41
36
23
30
28
3
2
108
24
83
132
37
69
87
23
28
17
4
24
23
101
142
153
689
5
5
2
156
36
28
683
44
163
925
8
7
1
149
82
506
160
100
753
32
29
39
40
68
49
36
15
3
95
17
76
66
66
10
1,W6
62
51
123
63
63
86
2,975
10
1
1,209
10
4
952
23
3,804
100
50
1,080
1,291
67
115
21
320
3,585
280
3,796
1
6
HO
68
44
63
431
2,238
1,504
74
63
45
5
22
48
39
17
117
102
352
48
39
171
335
224
354
202
103
3
11
1
15
358
27
31
47
16
3
6
151
28
29
3
41
129
93
627
93
26
40
9
210
379
144
38
5
231
89
37
430
3
663
21
629
488
151
242
48
125
99
34
1^
41p
34p
2/15/80;^
1/15/63
3.015* Bill
1/15/64
4*
Bond
2/15/88-93
2.929* Bill
6/24/63
2,496p 12/
250
S/
62
IV
l,000p
Source:
Based on subscription and allotment reports. For detail of offerings see Table 4.
1/ Excludes I-I/2* Treasury notes issued in exchange to holders of
nonmarketable 2-3/4* Treasury bonds. Investment Series B-1975-80.
2/ Includes trust companies and stock savings banks.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment fxinds of State and local
governments and theiv agencies,
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also includes corporations and private pension and retirement funds prior to July 15, 1953, financing.
2/ Included in "All other."
8/ Tax anticipation security.
2/ Reopening of earlier issue.
1^ Issued as a rollover of bills maturing January 16, 1957, and February
15, 1957, respectively.
^
^
^
^
565
131
22
1
46
180
8
18
51
214
207
33
15
12
9
111
196
32
53
574
31
178
443
192
127
248
120
4U
575
1,001
I3/21/63
II/15/71I q,
1/17/63
2/6/63
1^
128
117
7
I
fl/17/63-1
Dealers All
other
and
brokers 6/
80
106
31
26
4,856p
3,286p
2,344p
11
savings
106
77
2,287
2,261
653
12/
12
Mutual
State and local
governments
100
87
17
64
3,782
ll/15/63-D
ll/15/65-B
2/15/72
780
Insurance
companies
Private
pension
and retirement
funds
1,618
2,043
3,411
1,518
3,005
10/15/63
14
1,078
2,330
5,282p
2,579p
S/
y
3,1U
12/
070
836
360
cial
banks
2/
Individuals
6,686
1,204
2,004
2/15/69 >12/
8/15/87-92 J
9/15/62
10/15/62
8/
Commer-
100
2/15/63-A
8/15/66-A
2.8%*
S.
217
12/
1,114
2/
3/23/62
5/15/62
U.
2
18
1
U
2
2
1,331
21
18
11
237
50
10
52
17
5
415
8
3
11/
320
7
7
3
2
5
4
47
51
516
245
7
37
16
5
246
3
Issued in special allotment to Government investment accounts.
Issued as a rollover of one-year bills.
Offerings of these securities, subject to allotment were made for
the purpose of paying off maturing securities in cash.
Holders of
the matxiring securities 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 new issues.
14/ Offerings consist of an additional $100 million each of outstanding
weekly bills issued in "strip" form; 18 series were included in the
June 14, 1961, offering; 8 series in the November 15, 1961, offering;
and 10 series In the November 15, 1962 offering.
15/ Sold at competitive bidding with allotment distribution based on
sales reported by syndicate members.
»
Less than $500,000.
Preliminary.
p
n.a. Not available.
12/
13/
February 196 J
55
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
56
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturity security 1/
Date of
refunding
6r retire,
ment
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
of exchange offers
Result!
Exchanged
{In millions of dollars)
12/1/55
l-l/4){ Certificate
12/15/55-E
12/15/54
5,359
5,359
l-3/4)f Note
12/15/55-B
12/15/50
6,854
6,854
12,213
12,213
Total.
3/5/56
•
1-5/8* Note
3/15/56-A
2/15/55
8,472
l-l/2!{ Note
4/1/56-EA
4/1/51
1,007
Total..
9,479
y
y
3/22/56
l-7/8!e Certificate
3/23/56
2.465if Bill
6/22/56
2*
Certificate
6/22/56-B
8/1/55
1.486
1,486 2/
6/22/56
2-l/4if Certificate
6/22/56-C
10/11/55
2,970
2,970
8/15/56-B
10/1/56- EO
5/17/55
10/1/51
12,547
550
13,097
159
9/15/56-59
9/15/36
982
982
9,083
'2)«
7/16/56
,
Note
l-l/2i8 Note
3/22/56-A
7/18/55
2,202
2,202
3/23/56
12/55/55
1,501
1,501
Total..
9/15/56
2-3/4* Bond
12/1/56
2-5/8* Certificate
12/1/56-D
12/1/5P
1/16/57
2.627* Bill
1/16/57
10/17/56
1,603
1,603
2/15/57
2.617* Bill
2/15/57
11/16/56
1,750
1,750
2/15/57-A
3/5/56
7,219
2-7/8* Note
3/15/57-A
9/15/53
2,997
1-1/2* Note
4/1/57-EA
4/1/52
531
2-5/8* Certificate
y
159 11/
ly
ly
2/15/57
Total..
10,747
3/22/57
2.585* Bill
3/22/57
12/17/56
1,006
1,006
3/22/57
2-3/4* Certificate
3/22/57-B
8/15/56
3,221
3,221
10/4/54
4,155
y
y
5/15/57
1-5/8* Note
5/15/57-B
6/24/57
3.305* Bill
6/24/57
1/16/57
1,601
1,601
6/24/57
3.231* Bill
6/24/57
2/15/57
1,750
1,750
y
y
6/24/57
3-1/4* Certificate
6/24/57-C
12/1/56
1,312
1,312
y
8/1/5 7-D
7/16/56
12,056
.
8/15/57-C
2/15/55
3,792
3-1/4* Certificate -
lO/l/57-D
12/1/56
7,271
10/1/57-EO
10/1/52
824
1,501
y
2-3/4* Note
2*
8/1/57
Note
1-1/2* Note
.
Total.
23,943
9/23/57
2.825* Bill
-
9/23/57
5/27/57
1,501
12/2/57
3-5/8* Certificate -
12/1/57-E
8/1/57
9,971
Footnotes at end of table.
1
Tximed
In for
cash 2/
February 196 J
57
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured
Public Marketable Securities
Other Than Regular Weekly Treasury
Bills - (Continued)
Called or maturing security
1/
Date of
refunding
or retirement
Disposition offers
by Treasury
Amount
outstanding
Issue
date
Description
Cash
retirement
Results of exchange offers
Exchange
security
offered
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
3-3/8% Certificate
-
2-1/2J8 Bond
2/14/58-A
3/15/56-58
2/15/57
10,851
10,851
7,493
1,980
1,121
6/2/41
1,449
1,449
343
592
257
2-1/2* Certificate Bond
3*
,3-1/2* Bond
-
2/U,/i9-k
2/15/64
2/15/90
164
2-1/2* Certificate Bond
3*
3-1/2* Bond
-
2/I4/59-A
2/15/64
2/15/90
2-V2* Certificate
-
Bond
3*
3-1/2* Bond
-
350
2/14/58
i-l/2if Note
-
3-1/4^ Bill
.
3-1/2^ Certificate -
<;/l/58-EA
4/15/58
4/15/58-B
4/1/53
383
194
115
25
383
-
2/14/59-A
2/15/64
2/15/90
607
2-1/2* Certificate Bond
3*
3-1/2* Bond
-
2/14/59-A
2/15/64
2/15/90
357
2-1/2* Certificate Bond
3*
3-1/2* Bond
-
2/L4/59-A
2/15/64
2/15/90
49
677
8/21/57
1,751
1,751
5/1/57
2,351
2,351
372
96
1,064
796
135
Total.
V2V58
6/15/58
16,785
3.485* Bill
3/24/58
7/3/57
3,002
2-7/8* Note
6/15/58-A
12/1/55
4,392
2-3/4* Bond
6/15/58-63
2-3/3* Bond
6/15/58
16,785
15,351
1,433
4,392
1,015
3,195
181
91
800
28
710
3,392
U3
9,555
9,204
351
3,002 2/
6/15/38
919
919
7/1/52
4,245
4,245
I.
Total.
9,555
2-5/8* Bond
2/15/65
6/15/58
7,388
104
M/
2-5/8* Bond
2/15/65
6/15/58
7,284
387
iV
'4*
8/1/58
1-1/4* Certificate
[2-5/8* Bond
5/15/59-B
2/15/65
[1-1/4* Certificate
1.2-5/8* Bond
5/15/59-B
2/15/65
[1-1/4* Certificate [2-5/8* Bond
5/15/59-B
2/15/65
J
1,817 of 1-1/4* Certificate
7,388 of 2-5/8* Bond
Certificate
2-1/4* Bond
8/1/58-0
9/15/56-59 15/
8/1/57
2/1/44
11,519
3,818
11,519
3,818
10,634
2,206
2-3/8* Bond
885
1,612
3/15/57-59 15/
3/1/52
927
927
660
267
16,264
16,264
13,500
2,764
{': 300
100
13-3/8* Certificate [3-5/8* Note
11/15/59-E
5/15/6I-B
1,277
778
312
f3-3/8* Certificate
13-5/^ Note
11/15/59-E
5/15/6I-B
Total
10/1/58
9,770 of 2-1/2* Certificate
3,854 of 3*
Bond
1,727 of 3-1/2* Bond
1-1/2* Note
3-3/4* Certificate
2-1/2* Bond
10/1/58-EO
10/1/53
121
12/1/58-D
12/1/57
9,833
9,833
2/15/53
2,368
2,368
12/15/58
Total.
2-1/2* Certificate
1-7/8* Note
8/1/59-C
121
433
r
\
12,201
12,201
11,789
412
[7,711 of 3-3/8* Certificate
[4,078 of 3-5/8* Note
315
{• 579
876
[3-3/4* Certificate Note
[4*
856
1,199
[3-3/4* Certificate Note
[4*
12,798
2,075
2/14/59-A
2/U/58
.770
9,770
2/15/59-A
5/17/54
5,102
5,102
f 3,048
\
Total.
1-5/8* Certificate
14,872
14,872
2/15/60-A
2/15/62-D
2/15/60-A
2/15/62-D
[11, 363 of 3-3/4* Certificate
Note
1,435 of 4*
i
1-1/2* Certificate
3/24/59-D
1-1/2* Note
4/1/59-EA
4/1/54
119
1-1/4* Certificate
5/15/59-B
6/15/58
1,817
5/15/59
10/8/58
2,735
2,735
6/22/59
11/20/58
2,997
2,997 2/
8/1/59-C
8/1/58
13,500
3-1/4* Bill
2.999* Bill
'1-5/8* Certificate
4*
Note
.
8/1/61-A
8/6/58
8/1/57
3,567
3,567 i/
119
1,817
13,500
473 16/
473
1,269
128
C: 152
547
221
433
32
Total.
13,973
3.293* Bill
9/21/59
2/I6/59
1,502
1-1/2* Note
10/1/59-EO
10/1/54
99
end of table.
13,973
1,502 2/
99
(Continued on following page)
13,745
228
4*
Certificate -
5/15/60-B
[4-3/4* Note
[4-3/4* Note
8/15/6O-C
5/15/64-A
[4-3/4* Note
[4-3/4* Note
8/15/6O-C
5/15/64-A
f9,561 of Note
[4,184 of Note
8/15/6O
5/15/64
Treasuru Bulletin
58
PUBLIC DEBT OPEBATIONS
Table 6.- Dleposlt Ion of Matured Public Marketable Securities
Other Than Regu lar Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
1/
Amount
outstanding
Exchange
security
offered
Cash
retirement
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
ll/15/59-E
3-3/8)f Certificate
12/1/58
[6,534
7.711
7,711
1
ll/15/59-B
3-l/2)e Note
11/15/59
^
10/10/58
Total maturities...
Ai
8/15/62-B
Note
9/26/57
Total
1,184
8,894
8,894
8,365
2,000
1,684 12/
12/22/59
3.565^ Bill
-
12/22/59
5/15/59
1,500
1,500
1/15/60
3.386!e Bill
-
1/15/60
4/1/59
2,006
2,006 18/
3-3/4^ Certificate -
2/15/60-A
2/15/59
11,363
I
529
f 7,037
[3,011
529
6,829
I
11,363
'
1-1/2)6 Note
4/1/60- EA
4/1/55
198
198
.
11,561
Note
-
8/15/62-B
9/26/57
r4.075!« Bill
(^3.719* Bill
-
3/22/60
3/22/60
7/8/59
7/8/59
4/1/60
1-1/2)6 Note
-
4/1/60-EA
4/1/55
57
4/15/60
3.835)6 Bill
-
4/15/60
5/11/59
2,003
Certificate -
5/15/60-B
5/15/59
1,269
2/15/60
3/22/60
4^8
'4)6
159 12/
3,005
999
11.561
f
370
-
5/I5/6O-A
2/15/57
5/15/6O-B
1/21/59
2,406
j
'1,038
,1,086
I
2,738
6,413
10/21/59
10/21/59
2,002
2,016
6/23/60 22/
2-1/2)6 Bond
11/15/61
2/15/54
11,177
7/15/60
4.728)6 Bill
7/15/60
7/15/59
2,001
8/15/60
4-3/4)6 Note
8/15/60-C
8/1/59
9,561
10/1/60
1-1/2)6 Note
10/1/60- EO
10/1/55
278
10/3/60 22/
2-1/2)6
2-1/2)6
2-1/2)6
2-1/2)6
Bond
Bond
Bond
Bond
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
12/1/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
Total
10/17/60
'4-3/4)6
6,413
2,002
2,016
Certificate
10/17/60
12/2/59
2,007
II/I5/6O-C
11/15/59
7,037
2-1/8)6 Bond
II/15/6O
8/15/54
3,500 2i/
[1,500 21/
1/15/61
1/15/60
1,504
2/15/61
4-7/8)6 Certificate
2/15/61
2/15/60
6,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
3,449
3,971
6,755
'2-1/4)6 Bond
3/15/61 22/
2-1/4)6 Bond
2-5/8)6 Note
2-1/2)6 Bond
Total
Footnotes at end of table.
19,436
5/15/6I-B
5/15/65-A
}
4-3/8)6 Certificate 4-5/8)6 Note
5/15/6I-B
5/15/65-A
r
246
f
I
[3,674
[2,113
626
of 4-3/856 Certificate
of 4-5/8)6 Note
3-3/4)6 Note
3-7/8% Bond
-
5/15/64-D
5/15/68
2,001 18/
5,751
28
9,561 22/
3,781 22/
'3-1/8)6 Certificate
3-7/8)6 Bond
8/1/6I-C
5/15/68 2i
t
278
2,109 22/
643
993
3-1/2)6 Bond
3-1/2)6 Bond
11/15/80
2/15/90 2i
[2,343
3-1/2)6 Bond
11/15/98
r
4,500
2^/'
6,609
3,979
2,007 1§/
6,431
7,037
3,806
10,844
5.067)6 Bill
4-3/8)6 Certificate 1.4-5/^ Note
282
3,893
320
f
10,844
335
[2, 667
I
271
878
} 262
10,311
533
3,670
3,268
I
Total.
1,708
784
5/15/6I-B
5/15/65-A
f
y
3,806
1/15/61
of 4-7/8)6 Certificate
of 4-7/8)6 Note
4-3/8)6 Certificate 4-5/8)6 Note
98
1
5,787
I
11/15/60
I
2/
12,473
4.86O56 Bill
6,938
L4,195
427
928
243
1,269
2,738
6/22/60
6/22/60
2/15/6I-A
11/15/64-C
Note
57
2,406
[4.783)6 Bill
14.726)6 Bill
6/22/60
4-7/8)6 Certificate
i.-l/Sf,
\
2,003 18/
.
Total.
f
2/I5/6I-A
11/15/64-C
y
y
'
-
57
32
4-7/8)6 Certificate
4-7/8)6 Note
159
3,005
999
5/15/60
3-1/4)6 Note
109
11,134
.
3-1/2)6 Note
of 4-3/4)6 Certificate
of 4-7/8)6 Note
i/
[
2/15/60
- ll/15/63-C
4-7/8)6 Note
10,049
10,895
4-3/4)6 Certificate - II/15/6O-C
- ll/15/63-C
4-7/8)6 Note
f
223
457
2,000
10,895
[
504
1,184
[4-3/4)6 Certificate - II/15/6O-C
- ll/15/63-C
4-7/8)6 Note
306
871
[3-1/4)6 Note
13-3/4)6 Bond
-
2/15/62-F
5/15/66
[3-1/456 Note
-
2/15/62-F
5/15/66
1.3-3/4)6
Bond
f9,098
11,213
of 3-1/456 Note
of 3-3/4)6 Bond
1,504 Ig/
6,938 26/
5,000 28/
3,000 28/
8,000
(Continued on following page)
'l,296
1,177
1,131
2,438
6,041
22/
3-1/4)6 Note
-
3-5/8)6 Bond
-
3-3/8)6 Bond
'2,43a
,3,604
of 3-3/8)6 Bond
of 3-5/85S Bond
8/15/62-G
11/15/67
11/15/66
February 196)
59
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
of retirement
1/
Issue
date
Description
Disposition offers
by Treasxary
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table it)
Turned
in for
ca^ 2/
(In millions of dollars)
2.823i6 Bill
3/22/61
Vl/61
1-1/2$ Note
4/1/61-KA
4/1/56
144
-1/15/61
4.60856 Bill
4/15/61
4/15/60
2,001
5/15/61-B
5/15/60
3,674
3/22/61
A-3/S% Certificate
3-5/8ie Note
5/15/61
5/15/61-B
7/13/60
12/1/58
Total.
6/1/61
3%
Bond
(Panama Canal loan)
6/1/61
3,512
3,512 J/
144
2,001 18/
(54
3,674
122
4,078
4,078
7,753
7,753 22/
6/1/11
50
{'
,727
829
2,631
•3,599
1,523
5,122 JO/
50
6/22/61
2.788)6 Bill
6/22/61 10/21/60
3,504
3,504 J/
7/15/61
3.265$ Bill
7/15/61
7/15/60
1,501
1,501 18/
8/1/61-C
8/15/60
7,829
7,829
8/1/61-A
8/1/57
2,136
2,136
658
991
289
198
2-3/4$ Bond
9/15/61
11/9/53
2,239
2,239
681
890
320
348
1-1/2$ Note
lO/l/61-EO
10/1/56
332
332
183
89
52
12,536
12,536
11,850
686
1,035
722
495
4,560
'3-1/8$ Certificate
4$
8/1/61
Total.
3,049
131
88
2-1/2$ Bond
3/15/65-70
2/1/44
4,688
4,688
2-1/2$ Bond
3/15/66-71
12/1/44
2,927
2,927
7,615
7,615
1,273
1,298
1,187
6,963
3,642
2,384
517
419
282
303
62
452
856
127
5,758
[3,200
140
238
9/15/61
2^'.
Total.
y
9/22/61
2.473$ Bill
4/3/61
1,503
1,503
lj'ao/16/61
3.131$ Bill
10/16/61 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
1
1
1
1/15/62
9/22/61
576
692
1,502 Ig/
r
I
647
[
4$
Note
2/15/62-D
2/15/59
1,435
r
1,435
L
12/15/62
3-1/4$ Note
2/15/62-F 11/15/60
1-1/2$ Note
4/1/62-EA
4/1/57
a, 098
9,098
551
551
f
r
I
Total.
3$
Bond
2/15/64
2/14/58
370
95
11,316
11,731
11,731
3,854
3,854
1,154
fl,651
563
\
2-5/8$ Bond
2/15/65
6/15/58
6,896
6,896
2-1/2$ Bond
6/15/67-72
6/1/45
1,757
1,757
2-1/2$ Bond
9/15/67-72 10/20/41
2,716
2,716
2-1/2$ Bond
12/15/67-72 11/15/45
r
\
3/1/62 22/.
J
I
3,515
3,515
18,739
18,739
•
233
181
345
420
86
3$
3-1/4$
3$
3-1/4$
Certificate
Note
Certificate
Note
-
5/15/62-A
5/15/63-D
5/15/62-A
5/15/63-D
60
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued
,
.
February 1961
61
PUBLIC DEBT OPERATIONS
Footnotes to Table 6
27/
1/
28/
2/
i/
V
5/
7/
8/
2/
Ifl/
11/
12/
12/
u/
IV
17/
'18/
20/
21/
22/
II
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 $500 million of the 2-1/8^ Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, page A-1
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 15, 1954. This offer was included in the refundings of
May 17, 1954.
Reopening of August 3, 1954, offering (see Table 4).
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1956.
Reopening of May 3, 1955, offering (see Table 4).
Reopening of November 2S, 1955, offering (see Table 4).
Daring 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.
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 bonds
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 I4, 1958, for redenption on September 15, 1958.
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).
Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
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.
Holders of 2-1/2? Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, 1960, to June 13, 1960, 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.
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.
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.
Holders of 2-1/2? Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered -..he option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1960, inclusive, the first for 3-1/2? 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.
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 in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Source:
£V
|2V
1^
^26/
22/
JO/
Jl/
32/
33/
34/
35/
p
Excess of maturing l,-l/&% 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-I/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 2-1/2? 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 last for a new 3-3/8? bond due November 15, 1966. Exchanges
were 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 3-1/4? notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8? certificates and 3-5/8? notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 55 and 56).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
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 $6,500
million offering of 3-1/2? certificates, the $1,500 million
offering of 4? bonds, or the $750 million offering of 4-I/4?
bonds. For detail of offering, see Table 4.
Excess of maturing 4? notes and 3-1/4? notes over allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 70 and 71).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2? certificates, 2-5/8? notes,
3-1/4? notes), and May 15, 1963 (3-1/4? certificates, 3-1/4? notes,
4? notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August I4, 1962, for redemption on December 15, 1962.
Preliminary.
Note:
Information on retirement of tax anticipation issues referred to
in millions of dollars;
in footnote 3,
Date of
retirement
Treasury Bulletin
62
,
UNCTED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being Bold. Series E has been on sale since Hay 1, igl+l,
and Series H has been on sale since June 1, 1952.
Series
1935, through April 30, 1941.
were
sold
from
and
G
May 1, 19'*!, through April
Series F
A-D were sold from March
1,
30,
1952. Series J and K were sold from May 1,
1952 through
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April 1951. May 1952, May 1957, Octo-
ber and December 1959,
and May and October I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through January 31, 1963
(In millions of dollars)
..
,
FehTuary 196)
63
.UHi'i'KD
STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
j/
Amount outstanding
X/
Accrued
discount j/
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-1954 V--
2,500
633
661
4,627
4,603
42,058
3,911
4,069
4,444
4,432
4,310
4,616
3,906
3,873
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
5,650
46,744
4,652
4,832
5,469
4,856
5,519
4,996
4,484
4,636
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
3,882
2,798
654
670
134
106
113
492
466
414
398
386
360
330
323
302
67
63
58
45,049
45,130
45,184
360
327
295
107
107
129
466
434
424
366
335
308
306
282
259
61
54
48
45,284
45,383
45,499
525
136
661
481
391
90
45,679
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
5,753
44,558
4,544
4,730
5,176
5,187
5,107
4,507
4,689
4,320
4,350
4,539
4,278
8,626
1,113
1,124
1,143
1,178
1,169
1,224
1,293
1,372
1962- July
August . ,
September
358
360
301
October.
November,
December.
1955
1956
V
1957
1958
1959
1960
1961
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
4,421
1962
Calendar years;
1941-1954
1955
1956
1957
1958
1959
1960
1961
1962
76,352
5,368
5,043
5,502
732
755
797
886
721
731
783
727
883
794
703
754
37,482
39,285
40,929
41,498
42, U2
42,716
42,715
43,806
44,955
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
45,499
Months:
1963- January.
ll
Matured
noninterestbearing debt
Treasury Bulletin
61^
.UNITED STATES SAVINCJS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(Continued)
-
(In millions of dollars)
Redemptions
Sales 1/
Accrued
discoxint
Sales plus
accrued
discount
Sales
price
^
1/
Accrued
discount
^
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-195'i i/..
1955 i/
1956
1957
1958
1959
1960
1961
1962
,
,
,
,
,
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
3,674
8,061
1,123
1,1M
1,133
1,161
1,174
1,194
1,254
1,331
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
38,260
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
5,005
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
4,343
42,027
3,857
3,961
4,248
4,196
4,092
4,295
3,673
3,613
2,500
633
661
732
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
4,996
46,690
4,572
4,689
5,220
4,658
2,798
654
670
5,225
4,729
4,249
4,349
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
3,595
783
727
883
794
703
754
278
212
199
304
67
17
298
275
63
58
14
12
38,302
38,344
38,373
61
54
755
797
886
721
731
201
188
219
Calendar years:
74,843
4,192
19-;i-1954
1955
1956
,
1957
1958
1959
,
,
1%0
1961
1962
4,U2
3,875
3,802
3,598
3,632
3,711
3,624
8,626
1,113
1,124
1,U3
1,178
1,169
1,224
1,293
1,372
36,778
37,510
38,087
37,885
38,206
37,748
37,597
38,
UO
38,587
Months:
1962- July
August .
134
430
106
113
417
September
296
311
261
375
371
361
334
October..
November,
December.
311
282
254
107
107
129
418
390
383
342
313
285
281
259
236
48
13
13
11
38,436
38,500
38,587
440
136
576
458
368
90
24
38,680
.
1963-J8nuary.
Fiscal years:
1952-1954 i/..
1955 i/
1956
1957
1958
1959
1960
1961
1962
1,055
1,130
1,041
694
782
818
704
775
747
1,055
1,130
1,041
694
782
818
704
1,509
1,177
901
631
887
722
718
828
654
1,509
775
747
Calendar years:
1952-1954
1955
1956
1957
1958
1959
1960
1961
1962
Months;
1962- July
August...
September
62
49
39
October,,
November,
December,
48
45
41
1%3- January,,
85
85
31
55
108
196
236
217
322
233
260
.
February 196J
65
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total
V
Series E
and H
Unmatured
Other
Total
Series E and H
Other
Unclassified
11/
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
6,137
5,109
5,621
6,515
7,251
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
772
1,015
2,318
3,171
254
968
1,328
1,500
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,047
1,891
2,084
1,691
2,433
453
429
402
138
106
186
108
86
153
514
402
460
179
176
333
148
145
110
558
241
138
5,651
5,074
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
1955
1956
1957
1958
1959
1960
1961
1962
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
7,846
8,958
8,544
7,249
8,557
5,819
5,716
Calendar years:
1951
1952
1953
1954
817
792
1,761
1,944
1,633
1,656
779
90
633
1,260
2,115
2,345
2,144
1,824
1,625
1,822
940
925
6/
6/
7/
e/
2/
518
47
990
1,672
2,183
2,355
2,072
1,702
2,268
1,089
922
730
19
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358
3,070
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
3,285
3,075
2,875
1,042
1,012
904
874
619
682
1,526
1,544
543
1,356
283
196
4,9U
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
1,097
929
917
593
689
979
1,886
750
1,075
825
201
175
-35
34
31
757
-595
120
266
22
-449
-239
77
113
1
*
179
-84
U6
185
75
-150
-210
-212
53
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,100
3,002
2,899
2,827
237
210
215
222
195
214
15
15
2
1
230
274
232
13
12
20
92
223 10/
243
286
252
-60
-125
102 10/
266
253
12
52
6/
2/
2/
8/
2/
10/
3,1W
-60
213
Months:
1962- July
August , .
September
.
October.
November.
December.
1963- January.
I
'Source:
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
INote:
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.
K
^
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 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 Febniary 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 Treasxiry 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
30
20
33
31
31
^
^
6/
7/
8/
2/
10/
11/
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 amoxmts 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 xinclassif led 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 3-l/4^
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4i6 marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4)6 marketable
bonds of 1969.
Includes exchanges of Series 1950 F and G bonds for 3-7/8^ marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for
3-7/8)8 marketable bonds of 1971 and 4!6 marketable bonds of 1980.
Represents changes in the amoxints of redemptions not yet classified
between matured and unmatured issues.
»
Less than $500,000,
Treasury Bulletin
66
UNITH) STATES SAVINGS BONDS.
Table 5.- Salep and Redemptions by Denominations, Series E and H
1/
Combined
(In thousands of pieces)
Period
Total all
denominations
*10
2/
»25
$100
»50
Sales
*200
2/
Jl,000
*5Q0
$5,000
$10,000
VV
6/
Fiscal years:
l%l-5^ 2/1955 2/
1956
1957
X958
1959
1960
1961
1962
1,611,266
85,342
90,053
90,160
89,431
85,882
85,607
86,495
86,479
21,076
1,652,755
87,316
90,786
90,856
86,676
84,945
86,659
85,757
87,094
21,076
50
1,100,111
55,164
56,719
56,327
54,908
52,895
52,972
53,453
53,010
251,393
16,374
18,784
20,256
21,043
20,108
20,220
20,434
20,901
180,474
9,315
10,090
9,969
9,824
9,477
9,208
9,273
9,286
7,913
884
929
851
893
798
774
789
813
24,653
1,578
1,608
1,320
1,304
1,212
1,165
1,201
1,186
25,573
1,945
1,854
1,396
1,413
1,340
1,230
1,299
1,237
1,127,256
55,618
56,635
56,361
53,200
52,452
53,910
52,528
53,503
259,282
17,323
19,825
21,166
20,152
20,050
20,347
20,447
21,329
184,925
9,748
10,177
9,846
9,690
9,241
9,184
9,322
9,196
8,335
916
908
887
823
775
768
816
799
25,364
1,648
1,500
1,257
1,302
1,141
1,173
1,247
1,098
26,413
1,980
1,683
1,305
1,454
1,243
1,238
1,346
1,127
5,240
3,997
4,685
4,253
4,690
4,732
2,023
1,574
1,898
1,664
1,915
1,849
908
740
808
729
803
83
131
101
94
92
86
89
150
113
95
96
4,221
4,423
4,096
4,980
4,142
4,044
1,734
1,817
1,609
748
795
672
824
730
644
66
70
96
96
71
101
3
97
69
2
65
56
85
85
72
81
82
71
2
2
2
261,328
15,025
35,730
37,787
350
1
2
56
48
29
33
35
27
31
30
Calendar years:
19*1-5-1
1955
1956
1957
1958
1959
1960
1961
1962 p
Months:
1962- January.
February.
March, .
April
8,540
6,596
7,652
6,901
May
June
7,652
7,625
July
August
September.,
6,970
7,300
6,576
October, ,
November,,,
December p.
8,034
6,816
6,431
.
.
Inception to date p.
2,352,843
21,076
1,561,466
795
1,994
1,710
1,542
419,922
Redemptions
66
69
64
69
68
56
68
85
89
73
56
40
25
38
30
27
34
27
4
2
2
2
2
2
1
6/
Fiscal years:
1941-54 2/1955 2/
1956
1957
1958
1959
1960
1961
1962
1,139,311
89,749
89,953
93,175
93,452
88,647
90,748
85,077
83,804
17,831
349
429
321
231
177
144
101
78
831,271
61,049
60,014
60,612
59,880
56,036
56,796
54,280
52,958
166,365
15,650
16,503
18,165
19,467
18,598
19,507
18,654
18,746
99,119
9,914
9,925
10,590
10,433
10,394
10,634
9,197
9,150
2,666
396
537
633
639
675
725
616
653
11,396
1,210
1,255
1,354
1,320
1,301
1,351
1,076
1,077
10,662
1,177
1,281
1,485
1,464
1,451
1,567
1,139
1,126
1,185,139
88,700
90,109
96,384
88,902
90,083
87,819
82,762
17,979
424
371
280
197
161
122
87
n.a.
862,809
59,640
59,520
61,695
57,080
56,389
55,552
52,626
104,063
9,842
9,986
2,854
454
581
666
627
657
609
11,987
1,225
1,267
1,408
1,250
1,368
1,201
1,045
11,219
1,221
1,337
1,578
1,365
1,575
1,334
1,098
n.a,
174,225
15,887
17,036
19,777
18,296
19,150
19,089
18,346
n,a,
n.a.
n.a,
n.a,
8
4,802
4,321
4,477
4,592
4,643
4,751
1,736
1,462
1,585
1,676
1,650
1,743
941
739
787
830
797
856
65
57
60
57
63
119
88
95
95
92
98
136
93
101
98
95
101
1
1
4,455
4,622
4,189
1,601
1,619
1,549
771
759
53
52
93
87
96
86
1
1
699
48
82
82
1
4,332
4,158
1,571
1,474
n,a,
715
50
654
43
82
72
n.a,
81
72
n.a.
1
5
9
11
9
15
10
10
Calendar years:
1941-54
1955
1956
1957
1958
1959
1960
1961
1962
Months:
1962-January,
February.
March, ,,
April
n.a,
June
7,809
6,777
7,111
7,359
7,341
7,621
July
August,,,,
September.
7,076
7,233
6,655
6
October. ,
November,
December,,
6,838
6,479
5
May
n.a,
6
7
7
6
6
6
6
4
Inception to November 1962.
1,888,197
19,688
319.469
1.31A,652
These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasury statement
and reports from Federal Reserve Banlcs and the Bureau of the Public
Debt,
1/ Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000,
2/ Sales were authorized in June 1944, to Armed Forces only, end discontinued after March 31, 1950,
3/ Seles began in October 1945,
Note:
10,
%1
10,075
10,696
9,848
8,937
n.a.
722
67
2
4
7
12
9
14
12
9
n.a.
1
1
1
1
1
182.955
7,786
21,757
21.769
79
Sales of $10,000 denomination Series E bonds were authorized on
May 1, 1952,
Includes sales and redemptions of $100,000 denomination Series E bonds
which are pxirchasable only by trustees of employees' savings plans
beginning April 1954, and also personal trust accounts beginning
January 1955.
6/ See Table 4, footnote 1,
See
Table 4, footnote 4.
2/
»
Less than 500 pieces.
Preliminary.
p
n.a.
Not available.
^
^
.
February 196)
67
.UNITED STATES SAVINGS BONDS.
Table 6.- Sales by States, Series E and H
^
Combined
(In thousands of dollars at issue price)
Inception
through
December 1962
1962
Feb.
Jan,
April
Mar,
May
June
July
Aug,
Sept.
Oct.
Nov,
2/
Alabama
Ala ska
1,103,207
Arizona
3,362
233
1,388
2,877
309
1,367
2,930
412
1,368
411,726
2,195
1,375
Arkansas
California
Colorado
658,259
7,765,990
860,248
2,082
30,580
3,367
1,672
20,425
2,729
1,454
24,461
2,663
1,462
21,692
2,663
1,499
22,615
2,665
1,327
24,224
2,152
1,388
24,587
3,224
1,541
23,815
2,556
1,166
19,677
1,980
1,303
25,695
2,821
1,261
20,243
2,019
Connecticut
Delaware
District of Columbia
1,760,514
297,294
1,191,996
6,233
2,041
3,594
6,038
627
3,457
6,178
2,451
2,412
7,004
613
3,308
6,601
2,206
2,799
5,853
645
3,248
6,544
2,355
2,937
6,275
1,458
2,948
4,946
1,183
2,735
6,389
1,360
4,199
5,950
1,863
2,832
Florida
Georgia
Hawaii
1,452,469
1,228,694
429,927
8,863
4,133
929
6,900
5,781
3,606
6,400
3,214
772
5,621
3,178
900
6,348
3,258
814
5,864
3,184
944
4,840
3,058
784
6,072
3,118
810
383
5,662
3,654
1,246
5,694
2,923
814
Idaho
Illinois
Indiana
279,679
9,167,373
3,182,398
930
35,817
14,736
516
27,745
11,255
531
26,614
11,145
602
25,126
10,247
531
24,229
10,040
519
24,495
9,983
587
27,433
11,759
581
25,775
10,313
377
21,334
9,396
612
24,598
10,979
463
23,271
9,344
Iowa
3,135,006
1,850,899
1,251,652
14,700
7,996
6,014
9,422
6,695
4,587
9,760
5,581
4,383
8,728
4,836
3,942
8,047
4,894
4,044
7,984
4,618
4,138
8,890
5,503
4,391
7,889
5,782
4,449
6,789
4,372
3,763
7,293
4,435
3,929
7,614
4,724
3,776
1,083,107
429,088
1,407,249
3,693
1,488
6,101
3,284
1,177
4,937
2,867
988
4,719
2,969
1,167
5,521
2,652
1,132
5,502
2,725
1,152
5,169
3,046
1,339
5,238
2,809
1,172
5,394
2,594
1,142
4,553
2,799
1,120
5,153
2,423
1,188
4,733
Massachusetts
Michigan
Minnesota
3,166,986
6,225,105
2,147,391
9,923
23,035
6,070
8,815
17,411
5,455
8,527
20,347
4,633
9,034
19,298
4,748
10,280
18,188
4,612
9,243
19,636
4,412
9,397
18,254
4,705
9,596
18,902
4,611
7,856
20,708
4,022
8,618
17,538
4,323
9,190
18,924
4,366
Mississippi
Missouri
Montana
641,088
3,169,088
561,246
1,614
13,031
1,703
1,580
10,800
1,572
1,263
10,536
1,219
1,060
10,309
1,252
1,188
10,083
1,223
1,254
9,932
1,293
1,276
10,983
1,146
1,277
10,755
1,196
1,075
9,135
959
1,295
9,888
1,240
9,437
1,242
Nebra ska
Nevada
New Hampshire
1,800,100
135,057
263,424
11,842
520
910
7,186
615
678
6,622
452
703
5,668
455
730
5,471
465
5,571
573
930
5,682
671
752
4,691
506
694
5,399
603
730
5,600
502
725
5,070
513
699
4,216,107
275,129
12,550,149
17,772
1,302
46,903
13,968
1,037
39,125
14,310
970
37,019
13,945
1,023
42,253
14,172
880
41,081
14,197
984
35,969
14,821
1,054
34,182
14,554
1,002
36,851
11,723
983
32,745
14,145
932
32,809
13,253
915
33,225
North Carolina
North Dakota
Ohio
1,263,446
563,981
7,053,022
4,565
1,839
27,963
4,236
1,506
23,439
3,363
22,067
3,258
1,059
21,543
3,345
1,062
21,660
3,506
1,015
20,781
3,581
1,242
23,419
3,354
1,228
22,822
3,138
1,023
19,341
3,384
1,222
21,211
3,346
1,482
21,319
Oklahoma
Oregon
Pennsylvania
1,395,272
1,083,582
9,301,390
5,969
3,401
42,224
5,200
2,597
34,866
3,943
2,257
33,596
4,334
2,276
34,991
3,726
2,478
37,636
3,736
2,517
36,646
4,340
2,447
37,447
4,220
2,548
36,980
3,659
2,036
31,637
3,967
2,265
35,677
3,995
2,160
33,726
496,476
644,434
683,857
1,454
2,114
2,563
1,189
1,926
2,062
1,043
1,854
1,631
1,269
1,796
1,650
1,202
1,738
1,512
1,188
1,775
1,670
1,245
1,992
1,615
1,039
1,759
1,575
1,008
1,895
1,368
1,136
1,862
1,442
1,106
1,794
2,014
1,166,366
4,001,024
438,599
4,269
13,919
1,624
2,966
12,429
1,347
2,694
11,436
1,380
2,667
10,594
1,246
2,718
10,062
1,411
2,516
10,343
1,578
2,986
11,102
1,464
2,895
11,101
1,477
2,416
9,009
1,367
2,653
10,079
1,398
2,616
8,684
1,383
U3,985
388
5,448
5,016
396
6,625
4,654
389
5,584
4,299
309
6,042
4,803
383
4,768
4,435
3,823
6,908
447
3,485
5,949
439
3,709
6,265
478
3,727
6,068
467
Louisiana
Maine
f-Iaryland
,
New Jersey
New Mexico
New York
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
,
,
,
2/
385
3,234
782
1,U7
437
2,937
1,481
3,073
294
1,082
335
973
752
422
7,012
5,656
363
5,758
5,549
386
6,083
4,035
346
6,966
385
335
1,854,302
1,849,950
5,U6
5,004
4,304
6,410
4,181
West Virginia
Wisconsin
Wyoming
1,143,153
2,550,504
219,244
4,872
9,912
777
4,344
6,972
734
3,590
6,553
547
4,019
6,418
676
3,762
6,100
443
3,866
7,066
544
4,412
7,404
590
67,366
61,550
3,143
208
178
214
113
19
254
198
17
217
137
7
205
122
11
11
204
125
15
218
130
20
205
145
15
194
185
16
272
162
16
208
184
17
+40,840
+15,471
+38,026
+14,075
+20,799
+37,466
+14,322
+22,588
+8,546
+35,702
+19,251
475,929
362,392
373,537
349,019
352,905
363,169
358,071
360,449
300,744
359,574
327,096
Undistributed and
adjustment to daily
Trea sury statement
Total
+3,313,984 i/
,
113,4^5,895
Source:
Daily Treasury statement and reports from Federal Reserve Banks
1/ Sales of Series H began June 1, 1952.
2/ 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
'
3,235
Vermont
Virginia
Washington
Canal Zone
Puerto Rico
Virgin Islands
'
2,603
442
1,521
2,831
268
1,277
Kansas
Kentucky
3,639
3,001
293
1,287
3,344
389
1,643
';9,620
^
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
"Adjustment to daily Treasury statement."
Includes a small amount for other possessions.
Treasury Bulletin
68
CWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities guaranteed by the U. S. Government
Interest-bearing securities Issued
by the U, S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
month
Held by U, S. Govemnient
Investment accounts 2/
Total
outstanding
1/
Public
Issues
Total
Public
nonmarketable
issues
Total
outstanding
48
47
2,634
2,869
2,042
1,646
2,873
4W
79
87
167
60
153
277
3,090
3,300
3,759
50,803
330
119
211
3,480
50,886
50,817
50,696
445
468
486
163
160
158
283
308
328
3,960
3,939
3,929
161,464
162,534
162,553
50,584
50,645
50,424
485
502
517
156
163
160
329
339
357
3,923
4,007
4,262
163,812
50,850
526
165
361
4,090
46,827
46,246
44,756
44,899
45,043
44,939
26,523
27,253
29,663
201,459
202,417
208,483
U9,546
151,392
157,418
51,913
51,025
51,065
139
240
10,886
43,520
28,881
209,402
158,600
11,582
11,473
11,709
43,796
45,427
44,559
29,786
30,358
29,825
208,754
210,647
209,478
157,868
159,830
158,782
12,006
13,589 5/
11,987
43,890
44,163
43,426
30,201
30,454
30,820
212,048
213,179
212,977
12,190
43,191
30,289
214,662
1960.
1962.
286,471
289,211
298,645
283,241
285,672
294,442
55,259
56,002
56,296
10,360
10,959
11,357
1961-Deo ember.
296,499
292,689
54,406
1962- July
August .
September
298,324
302,312
299,986
293,918
297,904
295,571
55,377
56,899
56,268
October..
November.
December,
302,553
305,893
303,988
298, U5
301,384
299,209
55,896
57,752
55,412
1963-January..
303,948
299,332
54,381
43,250
45, IM
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 agencies
whose investments are handled outside the Treasury.
2/ The total amount of interest-bearing securities held by private inves-
^
2/
debt
and
debt
bearing
no
interest
41
43
73
106
101
110
7,286
8,356
8,674
9,596
9,799
Government
investment
accounts
2/
Held by
private
investors
3
69,723
66,351
62,770
58,825
56,252
50,536
53,470
55,501
55,842
54,554
S.
U.
25
50
54
63
127,875
126,304
127,179
134,593
144,983
271,741
269,883
268,486
274,698
281,833
V
Total
Public
marketable
issues
Held by
197,598
192,655
189,949
193,418
201,235
274,418
272,825
270,634
276,444
284,817
.
Held by
Federal
Reserve
Banks public
issues
23,607
23,758
23,035
25,438
26,044
1955.
1956.
1957.
1958.
1959.
1%1.
Special
issues
^ Matured
Held by private
Investors 2/
56
46
tors 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.
Includes $1,412 million of securities acquired by the Treasury in the
November 15, 1962 refunding and held in a suspense account until
maturity on December 15, 1962,
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury V
(In mlllion£ of dollars; negative figures are net sales)
Feb.
Jan.
1940,
1941,
1942,
1943.
1944.
1945.
1946,
1947.
1948.
1949.
1950.
1951,
1952,
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
-9.5
-2.8
-.5
-M.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105.1
-48,1
-.7
Mar.
-5.7
5.8
-72,9
-11.5
-5.9
-4.7
.1
-.2
8.8
-6.6
36,8
22.1
24.6
7,0
23,0
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77,2
106,8
5.1
6.3
482.7
-1,3
-9.8
72,6
-155,9
23.0
16.5
-21,3
47,1
10.7
13.4
10.6
62.2
43.1
56.1
18.9
U.3
-123.4
U.l
1%2.
17,5
-5,6
76.9
1963.
80.7
.5
12.9
-22.4
18.9
May
Apr.
-1.6
.3
.4
-16.5
-55.6
3.3
-61.3
-12.1
1.
.9
.4
.3
-35.2
-10.0
-34.4
.4
-338.6
-30.
-54.
-.1
8.4
19.9
36.2
-2.9
-1.
29.9
56.2
46.7
35.4
-2.1
44.0
16.4
19.5
5.7
313.4
-86.3
53.1
21.8
24.2
39.9
18.2
July
June
11.
2.
35.
2.
Consists of purchases or sales made by the Treasury of securities issued
or guaranteed by the U. S. Government for (1) trust funds which by law
are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose investments are handled through
the facilities of the Treasury Department.
It will be noted that these
-145.8
20.5
-56.4
-69.8
-359.2
1.1
-88.4
5.1
3.5
1.5
20.1
-45.5
22.5
398.8
15.8
177.2
9.9
-U.5
15.4
-8.7
Sept,
Aug.
-.3
-2.3
-67.3
-18.5
-17.0
-157.8
-609.1
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
5.4
-.1
8.2
4.4
3.8
-2.0
4.7
1.9
.2
1.4
7.9
-4.5
-2.7
-28.1
-12.
-74.1
-123.1
Nov,
-5,0
-5.9
4.8
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696,4
-.8
11.5
10.7
-3.6
-.2
-.1
7.0
29.0
8.2
.3
7.2
.1
-1.7
5.8
8.4
16.5
17.0
-21.7
74.8
-17.2
20.3
49.2
182.4
445.5
32.2
35.5
25.6
61.9
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
8.4
10.3
10.6
28.3
3.4
25.1
325.5
Dec,
-1,1
60.0
-4.4
-.2
1.0
4.6
5.0
2.8
3.5
38.4
-10.0
11.8
.4
Oct.
21.1
-30.7
11.7
-1.1
14.2
7,9
41.0
234.8
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
83.9
-67.3
55.1
71.6
105,5
57,3
-25,4
21.3
33.3
43.7
113.1
39.7
27.8
19.5
.6
transactions differ from those reflected in Table 1 because they
exclude those Government investment accoxmts for which investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as amended (31
U.S.C, 754a), and excludes the Exchange Stabilization Fund,
Less than $50,000,
A
.
February 1961
Treasury Bulletin
70
i
.TREASURY SURVEY OF CWUERSHIP, DECEMBER 31, 1962.
corporations and savings and loan associations In the Sep-
The monthly Treaeury 3urvey of Ovmerehlp covers aecurltlee leeued by the United States Oovernment and by Fed-
tember i960 Bulletin,
The banks and insurance companies Included
eral agenciee.
in the 3urvey currently account for about 90 percent of all
Federal Reserve member bank classes and nonmember banks are
proportion for corporations and for savings and loan asso-
published for June 30 and December "}!. Holdings by corporate pension trust funds are published quarterly, first
ciations la 50 percent, and for State and local governments,
60 percent.
for State and local governments
Holdings by commercial banks distributed according to
The similar
such securities held by these institutions.
Eind
In the February 1962 Bulletin.
Data were first published for banks and in19'*^1 Treasury Bulletin, for
appearing In the March
195*^ Btilletln.
surance companies in the May
I
Section
-
I
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
6,159
Total
commeramount
outstand- cial
banks
ing 1/
Classification
2/2/
508
iDutua 1
savings
banks
301
life
2/
511 fire,
casualty,
and
marine
A88
savings 473
and loan corpoassocia- rations
tions
State and local
governments
U. S. Government investpension
ment accounts
295
and Federal
genera 1 and
retirement Reserve Banks
funds
funds
185
Held by
all
other
investors
^
Memorandum:
Held by
U,771
corporate
pension
trust funds
Interest-bearing securities:
Public marketable
Public nonmarketable 6/
Special Issues
203,528
52,772
43,426
5,884
58,049
293 7/
179
4,927
4,422
2,902
818
94
96
Total interest-bearing
securities
299,726
58,343
6,064
5,744
4,516
2,998
10,750
6,988
117
4,758
268
40,618
2,348
43,426
64,230
48,551
1,975
130
10,758
7,104
5,025
86,392
112,781
3,105
Matured debt end debt bearing
no interest 8/
4,262
Total securities issued or guar,
anteed by U. 5, Government 2/-
303,
Footnotes at end of Table i.
Table 2.- Summary of Interest -Bearing Public Marketable Securities
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Classification
Total
6,159
amount
connneroutstand- clal
ing
banks
2/ 2/
Insurance companies
508
mutua
savings
banks
2/
301
life
511 fire,
casualty,
and
marine
488
savings
and loan
associations
State and local
governments
473
corpo- 295
rations genera
funds
Held by
all
ment invest185
other
ment accounts
pension
invesand Federal
and
tors
ret irement Reserve Banks
funds
U.
S, Govern-
^
Memorandum:
Held by
U,771
corporate
pension
trust funds
1/
By type of security:
Issued by U. S. Government:
Treasury bills
Certificates of Indebtedness.
Treasury notes
Treasury bonds
Guaranteed by U. S. Government 2/
Total
By maturity distribution:
Call classes (due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years....
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 2/.
Total.
48,250
22,710
53,679
78,371
517
9,838
3,590
21,396
23,179
46
252
114
1,177
4,250
91
4,259
68
15
40
203,528
58,049
5,884
4,927
4,422
90,562
75,274
17,071
1,641
4,987
13,477
517
21,077
29,038
7,281
829
2,388
965
104
269
1,239
345
1,235
2,393
432
203,528
72
170
367
46
219
333
48
190
1,238
2,645
333
1,084
168
56
254
49
501
2,059
6,551
207
3,588
13,670
11,723
11,478
160
23,935
3,389
592
22
201
4,299
29
U,172
22,665
461
832
1,072
3,075
643
804
2,465
2,902
10,750
6,988
4,758
40,618
64,230
1,975
517
1,202
566
60
88
9,113
1,560
63
304
597
393
236
781
2,418
29
19,764
14,677
1,974
478
1,194
2,371
160
33,156
21,091
4,978
488
1,365
3,083
68
780
507
408
20
2
8
4,221
1,244
251
97
357
817
994
2,133
85
5
117
174
91
45
645
2,571
68
15
430
40
58,049
5,884
4,927
4,422
3,902
10,750
6,988
4,758
40,618
64,230
1,975
87,284
61,640
33,983
1,171
19,885
26,348
11,163
635
1,337
2,210
9,063
1,524
149
4,17.3
54
86
220
54
52
5
137
418
46
1,305
91
965
1,744
1,352
50
85
212
437
817
1,030
3,394
15,539
517
294
431
872
37
546
2,678
68
473
40
19,331
12,260
4,825
364
1,013
2,665
160
32,227
16,121
10,877
358
817
3,761
68
651
218
30
92
154
15
274
267
753
99
372
2,963
29
203,528
58,049
5,884
4,927
4,422
2,902
4,758
40,618
64,230
1,975
5
55
200
5_
Maturity classes (final
maturity):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
Guaranteed securities 2/Total.
Footnotes at end of Table 4.
792
752
64
153
1,054
10,750
6,988
825
5
1
Tebruary 196}
.THEASUEY SUEVEY OF CWWERSHIP, DECEMBER 31, 1962,
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
J/
508
mutua
savings
banks
2/
27,029
9,711
5,343
1,838
137
46
3,005
669
2,001
2,001
2,004
2,500
337
328
383
940
23
11
48,250
9,838
252
219
5,719
5,284
6,851
4,856
992
992
1,288
318
31
22
51
22,710
3,590
114
48
1,487
2,259
1,183
3,027
3,011
3,893
4,933
2,316
5,019
4,195
2,113
3,286
3,114
4,454
5,282
533
506
457
490
466
479
1,033
435
1,320
905
1,984
9
18
49
22
136
64
102
93
56
124
117
4
5
6,159
Total
commeramount
outstand- cial
Issue
ban]£s
ing
2/
301
life
511 fire,
casualty,
and
marine
488
savings 473
and loan corpoassocia- rations
tions
State and local
governments
Government invest185
ment accounts
295
pension
and Federal
genera 1 and
funds
retirement Reserve Banks
funds
U.
S.
Held by
all
other
investors
^
Memorandum:
Held by
14,771
corporate
pension
trust funds
Treasury bills:
Regular weekly:
Jan.
Apr.
1963 - Mar. 1963
1963 - June 1963
Tax anticipation:
Mar.
1963
137
16
247
175
34
31
42
19
10
13
12
14
5
18
10
3,220
1,369
1,881
500
1,146
108
144
190
138
2,078
768
13,673
5,052
18
113
994
82
58
Other:
Jan.
Apr.
July
Oct.
1963
1963
1963
1963
Total Treasury bills
Certificates of indebtedness:
1963-A
3-1/2^ Feb.
May
1963-B
3-lA
Aug.
1963-0
3-1/2
3-1/8
Nov.
1963-D
Total certificates of
indebtedness.
Treasury notes:
2-5/8^ Feb.
Feb.
3-1/4
4
3-1/4
4-7/8
3-3/4
4-3/4
5
3-3/4
4-7/8
4-5/8
3-1/2
3-5/8
4
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
I-I/2
1-1/2
1-1/2
1-1/2
May
May
Nov.
May
May
Aug.
Aug.
Nov.
May
Nov.
Feb.
Aug.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1963-A
1963-E
1963-B
1963-D
1963-C
1964-D
1964-A
1964-B
1964-E
1964-C
1965-A
1965-B
1966-B
1966-A
196 7-A
1963-EA
1963-EO
1964-EA
1964-EO
1965-EA
1965-EO
1966-EA
1966-EO
1967-EA
1967-EO
315
675
357
270
4^
Tota 1 Trea sury notes
Treasury bonds:
2-1/2% June
2-1/2
Aug.
Dec.
2-1/2
Feb.
3
2-1/2
June
2-1/2
Dec.
2-5/8
Feb.
Mar.
2-1/2
2-1/2
Mar.
3-3/4
May
3
Aug.
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
3-7/8
Nov.
June
Sept.
Nov.
Dec.
4
4
3-7/8
4-1/4
3-1/4
May
Aug.
Feb.
Oct.
Aug.
Nov.
Feb.
Aug.
Nov.
May
June
1962-67
1963
1963-68
1964
1964-69
1964-69
1965
1966-71
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1971
1971
1972
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
,
,
,
,
,
,
,
1,952
3,604
2,805
2,460
1,258
1,844
2,538
2,806
1,245
2,344
2,579
1,171
470
1,592
55
64
43
28
14
18
13
5
231
413
206
144
147
191
237
69
49
994
643
33
14
321
193
29
10
12
55
43
22
38
22
21
88
43
49
14
53
34
25
12
119
59
77
64
5
17
13
53
55
4
8
64
57
70
112
64
66
139
25
18
31
25
24
12
30
22
11
1
1
3
5
13
1
*
1
3
6
14
4
4
18
2
177
2
7
3
1
5
20
3_
333
43
2
116
106
96
123
31
139
120
17
31
3
47
17
49
247
29
168
80
98
101
81
123
57
190
40
21
17
88
160
3
61
33
134
21
322
2,438
1,327
1
4
43
2
538
1,889
654
1,424
393
138
1,869
828
1,164
202
1,001
1,267
167
3,075
59
105
142
1,462
623
2,430
6,551
47
1,177
705
254
4_
10
21,396
1,816
2,700
2,633
2,544
4,682
2,423
1,411
3,597
1,484
,
1,964
709
695
2,044
2,023
1,667
3,461
151
245
166
221
224
183
279
200
123
10
333
21
53,679
4,317
l%5-70
535
339
373
114
133
342
87
12
12
40
120
17
1
29
38
2
208
5
111
128
153
4
1
1
72
97
199
173
48
153
116
227
149
26
20
33
53
36
522
30
57
20
113
29
71
9
13
21
61
70
5
51
92
75
56
61
39
88
102
43
93
39
104
138
99
32
33
17
*
31
804
8
3
42
20
5
2,133
99
67
167
192
13
52
501
86
20
67
1,238
18
48
166
118
22
21
49
17
79
64
72
54
5
54
58
5
'2
152
64
85
46
19
73
2
2
1
17
3
74
32
62
63
1
27
28
78
37
1,201
675
1,247
460
1,345
887
31
18
67
20
21
1
88
21
14
82
65
43
52
66
50
6
745
721
5
1
1
11
6
55
36
33
69
54
57
57
72
118
82
58
33
46
64
91
78
82
114
54
6
37
9
199
6
2
45
33
17
17
21
30
46
18
23
1
33
11
1
20
12
13
11
5
3
52
13
70
37
9
7
24
38
13
79
34
148
63
8
90
56
9
2
2
19
40
67
61
24
39
21
32
64
33
131
99
204
72
137
409
468
60
72
February
196')
73
.TREASURY SURVEY OF CWNERSHIP, DECEMBER 31, 1962.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Treasury Bulletin
7'^
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 19o2
The tables which follow provide an analysis of the
security holdings of commercial banks reporting In the
This aradysls of commercial bank ownership was first
"
published In the May 13^ Issue of the ''Treasury Bulletin,
Treasury survey of ownership of securities Issued by the
United States Oovernment and by Federal agencies. The
It has
based on the survey data for Cecember 31, 19'+3.
appeared at semiannual or quarterly Intervals since that
time, and Is now being published for the June 30 and De-
figures show the total holdings distributed according to
Federal Reserve member bank classes and nonmember banks.
Section
I
-
cember 31 survey data.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far values - in millions of dollars)
February 196)
75
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1962
Section
I
-
Interent-Bearinff Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues
(Par values - In milllonB of dollars)
Federal Reserve member bariks
Held by
6,159
Issue
219 Reserve city
conBoerciel
banks
j/
3,929
member
banks
17
New York
City
Chicago
190
other
12
3,710
country
2,230
nonmember
banks
Treasury bills:
Regular weekly;
Jan.
Apr.
1963 - »tor. 1963...
1963 - June 1963...
Tax anticipation:
Mar.
1963
5,343
1,838
4,399
1,601
651
576
70
101
1,420
412
2,258
513
944
236
669
593
84
32
250
227
76
33
70
80
66
81
89
Other:
Jan.
Apr.
1%3
256
263
302
850
29
57
28
396
35
1963
1963
337
328
383
940
5
July
6
43
87
247
125
166
180
166
Total Treasury bills
9,838
8,265
1,820
290
2,520
3,635
1,573
992
992
1,288
318
835
897
1,171
265
95
111
300
12
27
398
429
3,590
3,168
518
479
427
937
14
166
23
288
102
36
27
159
29
377
54
7
2
21
35
37
40
150
487
213
35
58
71
Oct.
l'>63
Certificates of indebtedness:
196 3-A
3-1/2% Feb.
May
1963-B
i-i/A
Aug.
1963-C
3-1/2
1963-D
Nov.
3-1/8
,
,
,
,
Total certificates of indebtedness,
315
157
505
73
343
344
129
117
113
1,406
1,131
422
55
197
52
96
13
23
50
95
53
Treasxiry notes :
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
4-5/8
3-1/2
3-5/8
4
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Feb.
Feb.
May
May
Nov.
May
May
Aug.
Aug.
Nov.
May
Nov.
Feb.
Aug.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1963-A
1963-E
1963-B
1963-D
1963-C
1964-D
1964-A
1964-B
1964-E
1964-C
1965-A
1965-B
1966-B
1966-A
1967-A
1963-EA
1963-EO
1964-EA
1964-EO
1965-EA
1965-EO
1966-EA
1966-EO
1967-EA
1967-EO
,
,
,
,
,
,
,
,
,
Total Treasury notes
Treasury bonds:
2-1/2% June
Aug.
2-1/2
2-1/2
Dec.
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Feb.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Nov.
Feb.
Aug.
Nov.
May
June
1962-67
1963
1963-68
1964
1964-69
1964-69
1%7
1967-72
1968
1968
1969
1969
1971
1971
1972
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
151
245
166
221
224
133
279
200
123
10
,
,
,
1
11
1
15
1
1
314
127
58
257
78
133
226
175
267
436
20
22
17
24
26
54
15
103
92
18
73
6_
9
8
2
8,065
2,731
538
,889
7
139
16
13
37
34
14
2
10
72
76
47
547
243
752
202
617
285
242
836
137
64
842
369
606
80
431
648
89
233
62
263
86
60
278
3
186
728
339
503
241
282
984
152
54
449
1,656
592
1,161
619
563
2,152
340
113
1,592
732
947
181
871
1,045
126
627
628
1,061
569
1,054
416
1,202
771
40
17
9
2
33
28
5
,869
828
,164
202
,001
,267
167
745
721
460
,345
,
2
9
38
17
5
20
10
Ul
7,321
,^7
,
20
5
68
104
76
133
785
,201
675
,
5
321
1
38
322
203
388
359
918
275
152
655
271
313
742
655
661
1,275
51
87
67
79
66
2,492
138
,
12
5
20
18,665
654
,
359
1,188
763
1,670
408
281
1,707
631
562
1,818
1,848
1,401
3,025
131
223
149
196
198
168
261
191
115
161
391
113
409
341
538
121
98
654
288
173
867
634
458
1,325
73
78
66
78
104
113
141
78
19
58
21,396
,424
705
623
,430
393
1965
1965-70
1966-71
1966
1966
1966
1967-72
1967-72
,033
435
,320
905
,984
535
339
,964
709
695
,044
,023
,667
,461
887
26
91
28
260
47
2
127
40
23
2
153
49
28
100
80
202
63
209
87
185
102
2
(Continued on following page)
4
318
285
97
286
313
21
17
U5
12
52
4
8
15
233
397
140
248
164
405
225
4
5
32
2
2
34
189
60
1
53
25
277
95
217
22
130
223
73
366
302
412
361
589
151
424
384
41
117
33
15
8
7
22
93
139
106
193
44
U3
117
5
Treasury Bulletin
76
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1962
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
Held by
6,159
commercial
banks 1/
Issue
Treasury bonds - (Continued):
Feb.
1980
if
,
3-1/2
3-1/4
4-lA
3-1/2
3
3-1/2
Nov.
May
Aug.
Feb.
Feb.
Nov.
1980
1985
1987-92...
1990
1995
1998
,
Guaranteed securities
member
banks
17
New York
City
190
other
12
Chicago
2
31
85
43
94
91
2,230
nonmember
banks
3,710
country
32
28
48
37
70
8
26
18
140
2
5
127
32
68
11
,
42
76
37
9
81
22
56
,
23,179
19,964
7,417
9,754
46
44
14
25
58,049
50,105
18,678
22,611
,
,
Total Treasury bonds
219 Reserve city
3,929
{J,,*.
Total public marketable
securities
703
2,090
6,925
1,891
12
9
22
10
13
10
3,216
7,945
Footnotes at end of Table 4.
Table 4.- Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
Federal Reserve member banks
Issue
Held by
6,159
commercial
banks 1/
savings bonds:
Series E 2/
Series F 2/
Series G
Series H
Series J 2/
Series K
U. S.
Total U. S. savings bonds....
Other U. S. securities:
Certificates of indebtedness:
Foreign Series
Foreign Currency Series,...
Depositary bonds
Treasury bonds:
Foreign Currency Series....
R. E. A. Series
Investment Series A
Investment Series B
Total other U. S. securities.
Total public nonmarketable
securit ies
110
107
71
y
219 Reserve city
3,929
member
banks
17
New York
City
12
Chicago
2,230
190
other
3,710
country
nonmeraber
banks
February 196J
77
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1962
Section
II -
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
Federal Reserve member banks
Issue
Held by
6,159
commercial
banks 1/
^
219 Reserve city
3,929
member
banks
17
New York
City
Banks for
3-3/8^
3.15
3.05
cooperatives:
(Debentures).
1963
(Debentures).
1963
(Debentures).
1963
FebT
Apr.
June
Total banks for cooperatives.
Federal home loan banks : 6/
(Notes).
1963
3-1/8% Jan.
(Notes).
Feb.
1963
3-3/8
Mar.
(Notes).
1963
3.15
Apr.
(Bonds).
3-1/8
1963
(Notes).
Apr.
1963
3.40
(Notes).
May
1963
3.40
(Bonds).
July
1963
3-1/4
(Notes).
Aug.
1963
3.30
Sept.
(Notes).
1963
3.30
Sept.
(Bonds).
1965
3-3/4
Total Federal home loan banks...
Federal intermediate credit banks:
Debentures.
Federal land banks:
j/
1963
1963
1963
1963
1964
1964
1965
1965
1966
1966
1966
1967-72
1967
1967-70
1968
1969
1969
1970
1970
1970
1971
1972
1974
Total Federal land banks
3-5/8SJ
Federal National Mortgage Association:
Discount notes,
3-1/4? Mar.
12
Chicago
2,230
190
other
3,710
country
nonmeraber
banks
Treasury Bulletin
7«
MAUKlCr QUOTATIONS ON TREASURY SECURITIES,
Current market ouotatlonB shown here are over-the-
counter closing bid quotations In the IJew York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
JANUARY 31, 1963
marketable securities Issued by tie United Stutea GovernOutstanding Issues which are fruaranteed by the'
ment.
United States Government are excluded bucuuiie they are
not regularly quoted In the market.
The securities listed Include all regularly quoted public
Table 1.- Treasury Bills
.unount outstand-
Bank discount
Issue date
ing (millions)
13-week
13- week
26- week
Maturity
date
26- week
Bid
Change from
last month
Dank dlGcu'int
Amount outstanding
(millions)
1,300
1,300
J800 1/
804 1/
800 1/
800 1/
11/8/62
11/15/62
11/23/62
11/29/62
8/9/62
8/16/62
8/23/62
8/30/62
2/7/63
2/14/63
2/21/63
2/28/63
12/6/62
12/13/62
12/20/62
12/27/62
9/6/62
9/13/62
9/20/62
9/27/62
3/7/63
2.95«
2.94
2.94
2.87
+ .0256
+ .01
.00
-.07
3/21/63
3/28/63
2.91
2.91
2.92
2.92
-.02
-.02
-.01
$801
801
800
802
12/6/62
12/13/62
12/20/62
12/27/62
6/6/63
6/13/63
6/20/63
6/27/63
2.95%
2.95
2.96
2.97
801
800
800
800
1/3/63
1/10/63
1/17/63
1/24/63
7/5/63
7/11/63
7/18/63
7/25/63
2.97
2.98
2.98
2.99
800
1/31/63
8/1/63
2.99
1,300
1,301
1,301
1,309
800
801
801
700
1,301
1,301
1,301
1,302
701
701
700
700
1/3/63
1/10/63
1/17/63
1/24/63
10/4/62
10/ll/62
10/18/62
10/25/62
4/4/63
4/11/63
4/18/63
4/25/63
2.90
2.93
2.93
2.93
-.03
-.01
-.01
-.02
1,300
701
702
701
800
801
1/31/63
11/1/62
11/8/62
11/15/62
11/23/62
11/29/62
5/2/63
5/9/63
5/16/63
5/23/63
5/31/63
2.93
2.95
2.93
2.96
2.96
-.02
.00
-.02
+ .01
$3,005
+ .01
$2,001
2,004
2,500
2,496
1/
1/
1/
1/
3/M/63
.00
2/
.00
10/3/62
2/6/63
3/22/63
6/24/63
2.905f
-.oije
2.94
other bills
Table 2.- Certificates of Indebtedness
(Price decimals are 32nds)
.OOjC
.00
+ .01
+ .01
Tax anticipation bills
Footnotes at end of Table 4.
/imount
Change fron
last month
date
Regular weekly bills - 26 weeks
Regular weekly bills - 13 and 26 weeks
Si, 301
1,302
Maturity
Issue
date
4/15/62
7/15/62
10/15/62
1/15/63
4/15/63
7/15/63
10/15/63
1/15/64
2.93^
2.96
2.98
3.02
-.OlSt
.00
.00
I
February 1961
79
MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1963
Table 4.- Treasury Bonds
(Price decimals are 32nds)
Amount
out-
Treasury Bulletin
&0
MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 31, 1963
{
s
s
.
.
February
s
196")
«i
-AVEE/CE YIELDS OF L0MG-TEK4 BONDS,
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Period
1942,
1943
19W
1945,
1946,
1947
1948,
Treasury
bonds 1/
2.46
2.47
2.48
2.37
2.19
2.25
2.44
Moody's Aaa
Moody' s Aaa
Treasury
corporate
corporate
bonds 1/
bonds
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.66
2.62
2.86
2.96
3.20
2.90
3.06
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
3.08
3.47
3.43
4.08
4.02
3.90
3.95
1956.
1957.
1958.
1959.
1960.
1961.
1962.
3.36
3.89
3.79
4.38
4.41
4.35
4.32
Monthly series - averages of daily series
Trea sury
bonds 1/
Moody'
Aaa
corporate
bonds
Trea sury
bonds 1/
1957
1955
June
2.68 2/
2.78
2,78 2/
2,82
2.81
2.82
2.93
2,99
3.02
3.01
3,04
3,05
July
August...
September
October.
November,
December.
2.91
2.95
2.92
2.87
2.89
2.91
3,06
3.11
3.13
3.10
3.10
3.15
January.
February,
March.,,,
April,,..
June
1956
2.88
2.85
2,93 2/
3,07
2,97
2,93
3.11
3.08
3.10
3.24
3.28
3.27
July
August . .
September
October..
November.
December,
3,00
3,17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
January.
February.
Uarch. ...
April. . .
May
May
Moody'
Aaa
corporate
bonds
3.34
Trea sury
bonds 1/
Moody'
Aaa
corporate
bonds
1959
Treasury
bonds 1/
Moody' s
Aaa
corporate
bonds
Moody's
Treasxiry
bonds 1/
Aaa
corporate
bonds
Treasurij Bulletin
£2
.AVKR/CE YIELDG OF U)NG-TEFI1 PONDS,
^c
^
I
§
$
55
to
s
I
S
3i
...
.. ,,
February [961
S3
MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money
2/
Total
money in
circulation 1/
Total
paper
money
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
31,914
28,372
28,767
29,040
29,071
29,699
34
33
33
32
31
2,170
2,L48
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
67
U7
64
62
59
57
1960
1961
29,726
29,943
31,117
30
30
29
2,127
2,094
2,009
318
318
318
27,094
27,353
28,622
100
1962
32,065
32,405
33,770
85
56
54
53
1961-December.
33,918
31,336
30
2,120
314
28,731
89
54
1962-January.
February.
March, . .
32,774
32,880
33,018
30,222
30,319
30,438
29
29
29
1,974
1,969
2,013
306
310
314
27,771
27,869
27,941
87
87
54
53
53
33,159
33,518
33,770
30,547
30,881
31,117
29
29
29
2,030
2,035
2,009
316
320
318
28,033
28,358
28,622
July
August .
September
33,869
33,932
33,893
31,197
31,245
31,192
29
20
20
1,980
1,945
1,943
317
318
316
28,734
28,842
28,792
84
83
82
October.
November.
December.
34,109
34,782
35,338 2/
31,382
32,026
32,557
20
20
20
1,947
1,957
2,001 i/
318
318
315
28,976
29,612
30,102 6/
82
End of fiscal
year or month
April.
.
.
May
June
.
End of fiscal
year or month
Total
coin
Gold
certificates
V
Silver
certificates
Treasxiry
notes of
1890
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
133
120
110
92
53
53
53
53
38
38
38
38
38
81
81
Money in
circulation
Standard
silver
dollars
Subsidiary
silver
Minor
coin
per capita
(in dollars) 7/
182.90
182,64
181.52
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
180.20
1960
1961
1962
2,338
2,462
2,652
305
329
360
1,484
1,548
1,663
549
585
629
177.47
176.45
180.98
1961-December.
2,582
346
1,622
6U
183, 06r
1962-January.
February.
March. .
2,552
2,562
2,580
347
348
349
1,594
1,601
1,615
611
613
616
176.79
177.17
177.70
2,612
2,637
2,652
353
356
360
1,638
1,655
1,663
621
626
629
178.13
179.85
180.98
July
August .
September
2,671
2,687
2,701
363
367
370
1,673
1,680
1,689
635
639
642
181.27
181,35
180.88
October,.
November.
December,
2,727
2,756
2,781
373
378
385
1,707
1,726
1,739
647
652
658
181.79
185.16
187.92
.
April
May
June
.
Source:
Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
2/ The following paper currencies are in process of retirement and are
Gold certificates
redeemable from the general fund of the Treasury:
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes. The Treasury notes of 1390 have been in process of retirement since March 1900 (31 U,S,C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C. 445 note),
and the national bank notes since December 23, 1915 (12 U.S,C, 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U.S.C. 912-916). The
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
been destroyed or lost , and to reduce the amounts thereof on the
books of the Treasury:
Gold certificates issued before January 30,
1934; silver certificates. United States notes, Federal Reserve Bank
^
^
^
6/
2/
»
179 .08
notes, and national bank notes all Issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890.
Accordingly, the Secretary of the Treasury has determined
that the following paper currencies have been destroyed or irretrievably lost and so will never be presented for redemption: On October
20, 1961, $1 million of Treasury notes of 1890; and on August 27,
1962, $9 million of gold certificates, $15 million of silver certificates, $18 million of Federal Reserve notes, $1 million of Federal
Reserve Bank notes, and $15 million of national bank notes.
Highest amount to date.
Issued prior to January 30, 1934,
Includes $15 million issued before July 1, 1929,
Includes $18 million issued prior to the series of 1928.
Based on the Bureau of the Census estimated population. Through
fiscal 1958 the estimated population is for the conterminous United
States (that is, exclusive of Alaska, Hawaii, and the outlying areas
such as Puerto Rico, Guam, and the Virgin Islands). Beginning with
fiscal 1959 the estimates include Alaska, and with fiscal 1960, Hawaii.
Less than $500,000.
r
Revised.
Treasurij Bulletin
6k
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Ratio of silver to
gold and silver in
monetary stocks
(in percent)
Silver
(11,29+ per
fine ounce)
Gold
End of fiscal
year or month
(135 per
fine ounce)
15.3
15.5
15.4
16.8
18.3
1955
1956
1957
1958
1959
21,677.6
21,799.1
22,622.9
21,356.2
19,704,6 1/
3,922.
3,994.
4,116.
4,306.
1960
1%1
1%2
19,322.2
17,550.2
16,435,2
4,394.5
4,346,5
4,317.4
20.8
1%1-Deceniber.
16,889.0
4,308.6
20.3
1962- January.
February.
March..
16,815.1
16,789.6
16,608.4
4,307.6
4,312,6
4,312,3
20.4
20.4
20.6
16,494.5
16,434.4
16,435,2
4,312.0
4,315.1
4,317.4
20.7
20.8
20.8
September
16,147,4
16,097.6
16,067,4
4,317.2
4,316.8
4,317.2
21.1
21.2
21.2
October, ,
November,
December.,
15,977.9
15,976.9
15,978.1
4,317.2
4,317.0
4,318.2
21.2
21.3
21.3
.
April
May
June
July
Augxist .
.
Source:
Circulation Statement of United States Money.
silver monetary stock see Table 4.
For detail of
4,4W.
1/
See Table 3, footnote
18.5
19.9
3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calender year or month
Gold assets
1/
Liabilities;
Gold certificates,
etc.
2/
Balance of gold in
Treasurer's accoxHit
1957
1958
1959
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9
21,199.
21,458.
22,272.
20,138.
19,350.
491.2
491.2
508.1
396.1
105.4
1960
1961
1962
17,766.6
16,889.0
15,978.1
17,665.
16,771.
15,852.1
101.0
117.8
126.0
1962-January..
February.
March. . .
16,815.
16,789.
16,608.
16,698.0
16,685.7
16,492.1
117,1
103.9
116.3
16,377.8
16,313.8
June
16,494.
16,434.
16,435.
16,3W.l
116.7
120.6
121.2
July
August...
September
16,147.4
16,097.6
16,067.4
16,027.3
15,972.9
15,952.2
120.2
124.7
115.1
October. .
November.
December.,
15,977.9
15,976.9
15,978.1
15,847.6
15,861.6
15,852.1
130.4
115.3
126.0
1955
1956
April
Hay
Circulation Statement of United States Money.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a ) the gold
certificate fund - Board of Governors, Federal Reserve System, end
(b) the redemption fund - Federal Reserve notes; and (3) reserve
Source:
i/
2/
3/
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the J343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
February 1961
«5
MONETARY STATISTICS.
Table 4.- Components of Sliver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates l/
Silver
bullion
2/
Silver
dollars
In Treasurer's account
Subsidiary
Treasury Bulletin
86
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) g/
Newly mined silver
Misc. silver
(Incl. silver
bullion held
June W, 1934)
48.7
48.7
48.7
Silver Purchase Act
of June 19,
1934
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Proclamation
of Dec. 21,
1933
1,U6.9
48
48
48
48
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
16.8
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
87.6
September
1,126.9
1,130.6
1,134.1
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
October.
November.
December.
1,137.7
1,141.8
1,146.9
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
1963-January..
1,150.1
48.7
833.7
34.7
87.6
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
18.5
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
890.3
932.0
981.6
1,038.5
1,101.7
1962- July
August ...
2/
48.7
48.7
48.7
43.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48
48
48
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
Sotirce:
X/
48.^^
34.5
1/
2/
Acts of
July 6, 1939,
and July 31, 1946
4.2
Total
seigniorage
on silver
reva lued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account j/
. ,
.
February 1961
37
.
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/
Total gold stock
and foreign currency
holdings
Treasury
1953.
1954.
1955.
1956.
1957.
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958.
1959.
1960.
1961,
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
August .
September.
16,678
16,562
16,531
16,147
16,098
16,067
16,182
16,139
16,081
496
423
450
October.
November.
December.
16,364
16,216
16,156
15,978
15,977
15,978
16,026
16,057
338
202
99
16,103
15,928
15,975
128
End of calendar
year or month
1962..
1962- July
. .
1%3-January
p.
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
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,
Under appropriate
1963, these two amounts totaled $1,075.4 million.
circumstances the United States could draw an additional amount equal
to the United States quota.
Note:
1/
2/
2/
p
Total
16,
2/
OU
Foreign
currency
holdings
^
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, 1963,
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.
Includes holdings of Treasury and Federal Reserve System.
Preliminary,
8S
.
CAPITAL MOVaiENTS.
will be exactly comparable to those now presented.
Data relating to capital movements between the United
States and foreign countries have been collected since
1935p pursuant to Executive Order 6560 of January I5,
-i
The first three sections which follow are published'
They provide summaries, by periods and by ooun-
153'*i
monthly.
'
Executive Order IOO33 of February S, igi^g, and Treasury
Information on the
regulations promulgated thereunder.
tries,
principal types of data and the principal countries Is re-
ties by foreigners,
ported iBonthly, and Is published regularly In the "Treasury
latest available preliminary data.
Bulletin."
Supplementary Information Is published less
frequently.
Reports by banks, bankers,
and dealers,
and Industrial and comnierclal concerns In the
claims on forei^ers and transactions in long-term securi-
195'+.
which appear at less frequent intervals. Table 1, shortterm foreign liabilities and claims reported by nonf inanclal oonoems,
data reported by banks In the Terri-
teriTj
and bankers,
"foreigner" as used In these reports covers
September,
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
one year or less,
and Table
3.
estimated gold reserves and
and December issues.
Table
4,
and debit balances in brokerage accounts,
'
foreign credit
appears semi-
annually in the March and September issues. Table 5,
short-ter.Tj liabilities to foreigners in countries and
and International organ-
"Short-tenr." refers to original maturities of
izations.
2,
dollar holdings of foreign countries and International
institutions, are published quarterly in the March, June,
Institutions and Individuals domiciled outside the
such Institutions may be located,
May,
Table
long-term foreign liabilities and claims reported by banks
in the published data.
The
is published quarterly in the February,
August, and November issues of the Bulletin.
tories and posseselons of the United States are included
all
and present detailed breakdowns of the'
Section IV provides supplementary data in six tables'
securities brokers
United States are made Initially to the Federal Reserve
Banks, which forward consolidated figures tc the Treasui^.
Beginning April
of data on short-term banking liabilities to and
areas not regularly reported separately by banking in-
and "long-term" refers to all other
stitutions,
is presented annually,
appearing in the April
,
Tiaturltles.
erage,
A detailed discussion of the reporting cov-
statistical presentation,
and definitions appeared
In the June 195'^ Issue of the "Treasury Bulletin,
^^^7
issue through 195S and in the March
"
Table
pages
Issue,
not
purchases and sales of long-term securities by
foreigners during the preceding calendar year, also appears
As a result of changes In presentation Introduced
•
In that
6,
issue thereafter.
annually, beginning with the Kay 1959 issue.
all breakdowns previously published
Section
I
-
Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figiires Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Calendar year
or oonth
Changes in liabilities to foreigners
jai-ilai
tDOvement
Total
Short-term
banking funds
Transactions in
domestic securities
Changes in claims on foreigners
Total
....
.
.
,
,
'ebTuary 196 J
.
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
Foreign
official 1/
6,999.1
6,934.4
7,655.0
7,800.8
22,362.3
22,666.8
23,083. 3r
10,208.2
10,054.7
10,423.2
8,291.6
8,445.8
8,179.9
10,213.6
10,404.9
11,156.7
8,477.8
8,346.8
Jvme,
23,267.2r
23,403.8r
23,934. 4r
June 2/-
24,043. 3r
July
August ....
September.
October, . .
November p.
December p.
1"44...
19-15...
1046. .
1947. .
1948. .
1949. .
1950. .
1951...
1.952...
1953...
1954...
1955...
L956...
1957. .
1958...
L959...
L960.
.
L961.
.
L962 p.
j.962-January.
February.
March. ..
April.
May...
2,244
Other
foreign
9,154.3
10,326.9
10,920.0
12,106.0
l'"13...
V
Total 1/
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22,415.3
24,983.7
in-42...
Short-term claims on foreigners
Payable in dollars
3,320,
3,335,
4,179,
3,043,
1,832,
2,836
2,908,
3,620,
3,547,
4,654,
5,666,
6,770,
6,952.8
8,045.4 2/
7,916.6 2/
8,664.9
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,972.7
2,947.0
3,001.0
3,451.
4,041.
4,245.
4,308.
4,335.
4,726..
5,392.8 2/
5,665.3 2/
5,890.8
Inter-
national!/
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.
1,629.
1,769.
1,881.
1,452.
1,517.
1,544.0
3,158.1
3,897.2
3,690.0
4,933.5
3,701.3
Payable in
foreign
currencies
13.9
17.9
21.6
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
U3.4
V
Payable in dollars
Total
Loans to
foreign banks
Other
U3.7
246.7
257.9
329.7
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,745.8r
5,100.5
72.0
86.4
105.4
100.3
319.6
292.9
385.5
439.4
497.6
524.3
699.4
952.9
137.2
169.7
245.0
290.5
490.6
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,460.8r
3,605.4
361,
222,
151,
177,
122
156
206,
328
405,
Payable in
foreign currencies
30.9
34.4
54.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
542.2
161.3
152.1
183.9
4,623. Or
4,296. 3r
4,738.5r
4,921.6r
659.6
697.0
798.7
3,505.7r
3,598.8r
3, 650. Or
457.7
442.7
472.9
181.2
167.3
176.8
4,901. 3r
4,883.7r
4,820.9
804.8
845.0
824.2
3,637.9r
3,528.5r
458.6
8,U5.7
4,394.6r
4,484. 7r
4,455. 2r
3, 518. Or
478.7
11,156.7
8,254.6
4,455.2r
176.8
4,878.5r
834.4
3, 563. Or
481.1
23,610.6r
24,147.4r
24,514.8
10,726.2
10,990.0
11,546.2
7,967.8
8,015.8
7,895.8
4,736.9r
4,895.5r
4,818.9
179.7
246.1
253.9
4,875.8r
4,831.9r
4,809.4r
827.7
818.3
801.6
3,558.Lr
3,550.5r
3,514.9r
490.1
463.1
492.8
25,202.6
25,173.7
24,983.7
11,961.2
12,041.0
12,106.0
8,118.1
7,996.7
7,800.8
4,841.2
4,932.0
4,933.5
282.1
204.0
4,952.4
4,863.6
5,100.5
815.7
824.5
952.9
3,511.2
3,470.1
3,605.4
625.5
569.0
542.2
Data exclude nonnegotiable, nontnterest-bearing special U, S, notes
held by the Inter-American Development Bank and the International
Development Association,
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign
official."
4,0U.2
2/
^
p
U3.4
V
510.2
Differs from June data on the preceding line by inclusion of
liabilities and claims reported by banks initially included as of
June 30, 1962.
Includes $47.9 million representing reported liabilities to foreign
official institutions.
Preliminary,
r
Revised,
Treasurii Bulletin
90
CAPITAL MOVMENTS
Section I - Summary by Periods
Table 3.- Purchaeee and Sales of Long-Term Domestic Securities by Foreigners
3
.
February 196)
91
CAPITAL MOVMENTS
,
Section 11 - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners^
jFosition at end of period in millions of dollars)
Calendar year
1962
Country
1960
1959
1961
1962 p
June
Europe:
Austr ia
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa in
.7
136.5
70.9
655.3
1,987.3
186.3
1,370.3
485.2
95.5
4.0
137.5
,
,
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom.
Yugoslavia
Other Europe, ,
,
,
Total Europe...
Canada
atin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatema la
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America j/. ..
(
331.4
138.1
.9
86.1
212.5
969.3
30.7
2.6
989.6
6.2
575.7
243.1
142.0
1.0
255.1
326.0
54.2
52.1
90.8
988.7
2,841.4
67.2
1,234.1
216.4
105.2
328.5
31.9
6.1
83.6
1.1
148.5
226.6
678.2
18.4
12.1
1,667.3
10.0
362.3
7.2
99.3
1.5
153.4
406.4
874.3
25.9
4.8
2,226.3
11.6
328.2
329.1
174.4
1.1
67.0
73.2
1,154.0
2,729.9
118.9
1,383.8
248.2
124.7
8.9
160.6
1.7
176.0
490.5
907.5
25.2
2.6
1,617.5
10.5
385.7
46.0
519.0
3,475.7
63.1
877.1
.9
3,472.6
9,045.7
10,317.3
10,190.9
2,198.0
2,438.8
2,757.6
3,343.3
336.8
24.4
150.7
184.5
216.8
163.8
36.9
37.1
442.4
315.0
23.1
194.1
135.1
158.3
77.0
36.9
43.9
397.3
234.7
26.2
228.2
105.3
146.8
42.5
22.8
45.8
494.5
208.3
23.2
204.1
133.3
148.3
87.8
129.2
82.2
28.0
61.5
276.9
72.0
123.0
72.2
24.3
51.3
393.2
300.6
88.8
86.7
84.0
21.9
57.0
418.0
268.3
97.4
98.3
105.1
22.5
101.1
405.0
445.3
US.
U.7
42.0
40.9
531.1
Total Latin America j/.
2,407.5
2,422.4
2,371.3
2,620.5
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan. .............
Korea, Republic of.
34.8
57.3
53.9
178.2
22.4
74.7
1,887.5
152.2
202.8
83.7
185.8
181.9
34.6
55.4
Philippines
Taiwan
Thailand
Other Asia
35.8
60.0
114.3
138.6
46.6
86.5
1,285.1
147.6
171.5
94.1
141.2
458.3
77.7
75.6
31.3
63.0
1,590.4
199.5
185.0
92.0
264.4
223.0
35.7
65.3
41.4
28.5
18.7
81.3
2,177.3
135.7
174.5
75.2
332.7
259.9
Total Asia
2,779.6
3,115.3
2,892.0
3,426.3
110.5
31.3
48.7
20.3
162.1
88.1
31.9
29.3
21.9
131.1
97.8
33.9
31.7
14.5
209.2
147.1
35.2
39.3
13.9
233.6
469.1
countries:
Australia
^Xongo, Republic of the
'South Africa
United Arab Republic (Egypt)
jiAll other
I'her
I
[Total other countries.
ttemational 2/
land
total
,
372.9
352.2
387.2
3,158.1
3,897.2
3,690.0
19,388.7
21,271.6
22,415.3
2/
Treasury Bulletin
92
CAPITAL MOVEMENTS
Table 2.
Country
1959
Europe;
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spa In
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
4.3
56.3
1.2
18.1
8.4
57.1
54.0
4.8
29.7
38.3
7.1
3.7
2.1
8.4
18.6
38.4
47.3
120.7
2.9
12.7
534.0
272.3
59.6
4.0
117.1
59,
67,
115,
28,
10,
290,
4.0
17.9
36.0
U.8
Venezuela
Other Latin America
47.1
246.7
56.7
Total Latin America
1,176.1
Aala:
China Mainland
Kong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Taiwan
Thailand
Other Asia
Tota 1 Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries
International
Grand total
2.5
10.4
5.8
.3
29.4
lA.i
323.7
1.2
23.9
9.0
U.7
150.7
585.8
.
February 196J
93
.CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic 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
1962
Country
1959
1960
1961
1962 p
June
September
August
July
October
November p December p
Surope:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
,
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
578
10,113
57,037
200
62,303
22,749
276
6,937
38,327
-34,480
-236
20,039
19,345
-248
28,099
-3,348
1,156
-2
10,655
-2,447
1,572
20,696
22,300
-754
13,863
18,507
-30,974
-15
6,669
4
372
-23,252
139,149
145
-1
8
1,617
10,428
155,230
223
332
-3,777
129,156
-256
2/1,196
-9
2,415
-17
-517
92,384
265,643
391
-7
-4,464
-183
-307
-2,461
7
-555
-525
1,572
431
103
-324
-1,095
-57
-412
-1
-768
-526
90
435
-2,468
4,149
408
-23
53
50
-2
220
7,736
6,270
210
379
-29,811
13,350
517
-92
-24
2,380
-224
-96,260
4,430
-3,404
-12,343
-22
-15,033
-816
4,028
3,079
-290
-3,151
4,439
-39,734
553
-298
-2,370
439
88
-251
1,918
22,750
774
-423
-511
-6,438
2
-1,719
777
198
-1,057
-101
-1,012
874
-7
910
-1,491
-99
-64
-2
-3,346
83
-309
-396
1,824
-464
487
-3,725
-377
-301
-210
5,769
-1,044
-99
-240
802
-14,248
306
66
-9,375
8,167
-160
27
-694
-13,951
113
-7,723
-4,674
-10,188
-49,344
2
173
-3,052
-13,081
-13
-199
-22,835
1
366
836
-960
745,282
198,182
234,280
-33,110
16,154
9,237
-27,140
-49,250
-36,320
-33,728
-23,696
80,696
-81,890
-98,394
-112,721
-16,575
10,313
2,830
-16,157
45,644
97,129
3,385
169
-722
113
2,594
1,762
62
-43,437
1,249
941
-990
-816
161
5,343
918
683
406
-41
-653
2,612
465
-173
-589
389
-7,129
-117
-130
-842
617
29
-345
-76
-46
-569
-35
-3
-36
25
-15
74
11
10
251
17
-131
360
-3
-1
149
-359
-724
-13
-29
-242
94
-190
29
69
-2,430
-404
-2,675
2,147
-497
1,094
-2,276
379
292
1,321
575
1,805
420
3,474
-78,902r
-773
-1,094
1,161
70
2,211
298
173
-233
27
69
465
-306
-47
928
-282
-21
8
9
1
-2
18,454
1,044
1,156
186
1,281
981
22
43
9,791
39,839
-1,032
215
-74
558
-148
37,712
-35,012
131
-79
575
-13
56
13
-10,889
-3,476
9
34
505
-1,347
-1,504
-22,617
-405
67
99
536
-8
-230
154
4,338
700
509
103
-829
-15
150
-885
45,733
47,133
7,454
-323
45
187
44
18,881
-648
62
769
-191
-13,331
805
12
65
-1,357
-369
23,832
27
2,348
315
-833
-6,843
-1,U1
9
182
-152
-18
-10
-293
21
-809
-98,415
10,393
8,681
467
-957
477
25
211
-103
-7
109
-77
-1,814
237,198
7
-21
158
57
70
10
24
-76
55
-3
255
6
-7
-66
13
74
-544
-2,790
3
5
164
-239
-3,883
-178
279
-19,617r
-89
399
-3,520
-620
-403
17,211
-1,115
227
83
43
-220
-218
-11,784
-1,390
-20,638r
-3,220
15,118
-W,291
-28,714
19
-1,274
3,039
12
-22
65
-99
-18
7,376
-493
-35
-4
-94
145
-12
1,018
-2,546
-3
-602
14
-192
1
-53
-6
-40
59
933
7
12
78
1,683
3,503
23
18
98
5,389
4,507
-36
-2,639
-8,001
14
56
-21
-31
-121
65
29
-5
25
-2,303
-266
19
-827
-330
-22,034
-7
150
126
5
2
-19
-19
-38
-9
-5
-3
57
3
5
1,015
15
545
471
306
-3
-2,562
-23,166
-13,108
5,924
10,400
-10,380
-1,423
6,792
-469
632
-52
294
-6
-2,028
-37
226
92
-5
46
-2
131
33
-1
-19
-56
404
15
-4
-11
-4
73
-5
53
6
-7
314
-44
-8
-221
3
86
3
13
5
3
3
-51
18,834
-13,339
3,257
-1,160
-310
315
262
361
-11
398
18
187,023
238,440
351,883
-424,968
-1,975
-3,017
-177,865
37,196
-397
-59,885
1,584
1,124,353
378,416
735,678
-693,540
-84,984r
-5,506
-204,668r
-22,463
-39,190
-55,070
45,852
Excludes nonmarketable U. S. Treasury bonds, foreign currency series,
issued and payable in Italian lire and Swiss francs,
Preliminary.
r
Revised,
Note:
-8,573
3
3
-10,110
Grand total.
-4,991
2
454
46,785
Total other countries.
961
381
Total Latin America
International.
-16
-920
8,147
12
8,756
198,436
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
-149
-783
-1,484
Venezuela
Other Latin America
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Thailand
Other Asia
2
3
533
-265
-888
4,071
-506
i
-6
41,367
-13
-5,230
2,519
1,224
-1,528
128
-20,050
3,283
-79,278
India
61
-155
-2
23,644
143,358
22,425
2,948
Hong Kong
p
-4
4,661
19,538
2,912
1,449
-256
9,514
8,841
-1,227
Asia:
China Mainland
;
70
5,897
Treasury Bulletin
S^r
CAPITAL MOVMENTS
.
Section II - Summary by Countries
4.In Long-Term Foreign Securities by Foreigners
Transactions
Net
Table
net outflow of capital from the United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or a
Calendar year
1962
I
Coxintry
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greec e
Italy
Netherlands
Norway
Pola nd
Portuga 1
Rumania
Spa in
,
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
,
,
,
Total Europe
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
1961
1%2
-137
7,500
197
14,385
-8,511
-20,784
-587
-2,070
-11,994
-16,9%
131
-13
356
34
155
-13,630
5,021
-93,465
47,539
-552
-35,375
-32,383
1,449
177
-U,519
184
754
-43
-877
407
414
539
-33,391
-31,423
-331
9,073
-74,441
-1,479
-11
247
-36,151
606
-56,049
-31,673
-953
12,899
-34,111
-23,928
-1>;,767
3,282
10,325
-41,730
-1,564
26, %8
-87,643
-6,819
-739
-10,643
51,384
336
1,409
5,271
-5,871
102
973
-1,642
-31,745
-126
1,740
-604
8,934
10
17,726
500
5,348
-1,384
29,525
-35,339
-57,358
-500
4,320
-49,714
-117,320
-261,696
-443,009
-195,849
-318,335
-353,328
-30,995
-92
24
7,804
2,291
3,154
-7,555
-184
5,775
1,889
-345
355
123
46
-19,262
-249
-57
-8
464
-49
2,437
-588
Cuba
Dominican Republic
Guatemala
Uexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
,
12
500
47
5,864
631
4,168
-5,551
614
21
507
-53,597
Venezuela
Other Latin America
1,790
-3,599
-134
2,443
1,913
1,321
-4,905
3,492
-34,435
-1,760
-1,080
-3,034
688
-26,634
-2,590
-2,703
-36,746
Total Latin America
11,245
-107,431
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of
2
118
2,380
326
,
,
,
-%,654
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
-40,627
-30
17
-702
1,386
446
1,776
-24
3,345
-2,434
-339
-1,332
3,289
1,698
-503
-3,964
29
164
360
-111
-6
-35
-36
97
-75
33
-25
295
-5,049
161
43
-183
23
-179
-651
2,193
2,503
-74
-2,059
24
-1,504
-1,888
-13
2,052
-379
3,807
2,697
12,549
3,139
-12,640
-289
6,592
3,279
346
2,067
-4,864
-161,157
-65,953
-13,571
8,123
4,129
-U,385
-95,033
2,402
1,234
-552
-86
-240
3,461
-14,292
215
8
-3
3,235
-20,009
3,347r
-139
-11
2
390
72
523
1
-1
442
-50
100
-52
-122
29
-1,080
209
-440
-22
36
1,035
6
1,5U
6,669
-3
44
11
268
28
14
20
42
10
-21
164
13
144
319
-1,707
-8
381
6
-25
49
-7
-324
-100
5
1
256
-39
3
26
2,250
-7
-54
65
-1
-53
11
350
1,U9
-5,522
-79,516
102
-522
-1,108
-610
1
432
16
1,148
24
-62
250
-3,317
340
-305
-58,373
-89,149
-17,629
422
430
1,919
-1,501
-195
2
-82
560
-110
-4
-378
1,203
389
1
1
-52
-51
-412
-8
-12
1
1
1
2
15
-1,992
-54,582
-700
-1,807
-1,478
-8,739
-589
-3
304
-2
-4
1,000
-750
-3,252
15
58
27
6
8
-1
-463
-1
-1,%2
4
-62,047
-50,300
60
-452
-137
-2,586
-53,468
-116,397
-700
249
998
-1,545
-4,747
-1,465
-120,581
-175,242
-5,307
-1,020
-5,258
-57,370
-6,401
-9,776
-28,883
-35,130
-7
-25,497
-23,980
1,064
2,429
75
184
301
106
-121
8
621
2,632
2
1
594
-5
433
-266
-4
-75
-2,996
75
2,855
588
425
-24,344
1,728
-4
-4,031
562
-36,444
-72,693
-49,764
International
-l-.6,583
-147,046
1,291
-165,291
290
Grand tota 1
-749,730
-644,717
-830,387
-993,931
-117,319
-24,381
4
-3,536
1,336
-2,358
-3,279
-1
-15,015
Revised.
194
-45
-5
309
-19,441
PrelimlTwry.
10,014
3,309
8
3,949
6,291
-2,768
-1,869
p
-17
-217
-1,098
-4
3,209
-43,392
1,590
301
13,298
-7
-28,226
Total other countries
677
80
600
-773
683
-1
520
-610
-21,354
-18,166
-6
9,067
-356
-5,554
,
November p
September
-134
222
4
,
P
1,485
420
1,137
20
-3,169
14
-8
,
Philippines
Taiwan
Thailand
Other Asia
August
July
June
1960
1959
-13,550r
3,8Q7
-4,249
-9,709
-52,391
-132,387
-108,856
,
.
February 1961
95
CAPITAL MOVMENTS,
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Llabilltiee To Foreigners as of December 31, 1962
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Country
Total
shortterm
liabilities
To foreign banks and official institutions
U.
Deposits
S.
U.
Trea sury
bills and
Short-term
liabilities
payable
To all other foreigners
Other
Deposits
certificates
S.
Treasury
bills and
certif-
in
foreign
currencies
Other
icates
Europe:
Austria
326,850
Sweden
Switzerland....
Turkey
U.S.S.R
United Kingdom,
Yugoslavia
Other Europe...
329,055
174,393
1,140
66,958
73,161
1,153,975
2,729,937
118,866
1,333,816
248,229
124,661
8,899
160,580
1,650
176,030
490,473
907,524
25,200
2,603
1,617,473
10,513
335,743
846
59,188
70,481
1,101,776
2,691,402
102,652
1,354,069
206,731
95,751
3,639
115,135
1,032
143,019
473,502
750,119
23,577
2,291
1,117,833
9,819
375,889
246,793
86,331
756
30,997
46,212
232,676
289,557
72,786
271,042
100,142
64,002
7,603
110,998
1,035
125,662
123,940
326,355
23,541
2,245
855,346
8,100
70,259
Total Europe...
10,190,839
9,174,902
3,096,873
3,343,334
3,098,368
203,301
23,182
204,113
133,315
148,306
75,200
50,200
1,811
27,780
294
7,094
2,679
43,871
27,861
16,187
27,140
27,540
27,429
242
45,177
563
30,651
16,119
69,995
1,602
208,782
46
37,625
1,719
96,848
1,811
30,019
294
7,742
2,679
49,838
33,091
16,187
29,359
38,319
28,531
260
45,395
563
32,960
16,788
100,313
1,623
312
449,071
699
9,696
312
151,035
691
3,442
46
1,203
163
5,115,216
962,303
895,605
534,520
73,265
287,820
120,382
1,574,640
1,511,246
12,432
236,105
195,030
29,051
12,024
8,361
82,652
5,550
104,258
49,354
57,800
1,493
21,983
17,304
210,822
16,263
1,079
108,152
17,627
89,069
83,437
36,889
13,034
17,734
15,023
196,539
103,099
17,411
38,330
82,263
35,147
12,945
17,536
414
U,719
95
78
54
192,752
851
4,639
144
609
929
1,567
44
120
255
2,936
155
42,028
40,865
531,121
99,994
5,552
114,960
49,372
61,416
1,641
24,294
25,337
333,552
97,351
98,282
105,094
22,472
101,137
404,967
445,270 1/
44,267
20,955
43,757
7,396
47,463
172,137
323,713 1/
25,007
20,263
43,625
6,333
40,529
171,321
154,641
14,395
53,054
77,327
61,257
15,076
53,666
232,522
117,364
30,831
66,232
60,416
14,310
43,091
231,089
103,499
3,541
1,042
16
2,620,529 1/
1,376,311 1/
1,013,435
1,237,825 1,163,670
29,932
34,390
34,177
26,443
11,357
74,586
2,154,951
134,335
150,258
66,857
329,724
219,102
29,347
28,151
24,090
14,847
11,341
51,874
1,245,410
Philippines
Taiwan
Thailand
Other Asia
35,673
65,329
41,414
28,469
18,742
81,300
2,177,299
135,706
174,497
75,219
332,720
259,894
132,075
139,857
53,463
90,763
160,957
Total Asia
3,426,262
3,267,117
147,086
35,239
39,294
140,477
33,633
36,646
BelgiuiQ
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portuga 1
Rumania
Canada
Latin America:
Argent ina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America,.,..,
Total Latin America
U,725
U4,201
4,357
7,170
90
1,491
6,469
92,961
337,986
9,866
133,193
10,979
22,936
1,036
26,700
17,800
776,139
2,063,859
20,000
949,334
95,610
8,763
'i,187
47
1,357
11,062
130,797
16,000
338,500
242,967
36
224,862
2
10,627
518
1,906
148
2,311
3,033
84,430
75
1,710
5,500
33,300
4,365
692
132
763
6,934
316
300
21,167_i/
U7,910
97,710 1/
265,666
,
349
1,890
394
173
440
203
28
3,589
1,021
2,423
4,209
2,311
1,852
913
918
18
117
367
9,861
184
383
3,179
379
250
650
11,891
2,059
19
18,427
21
51
183
57,092
51,206
246,330
50,569
1
5,444
27
101
8
72
130
245
175
3
34
6
1
1,030
1,302
114
5,129
18,632
10,053
325
766
4,273
1,319
8,736
308
4,188
13,258
55,897
5,893
144
1,155
143
1,025
30
80
Asia:
China Mainland
Hong Kong
India
Indonesia
•.,,,,,.,,...
Iran
••,••...
,
Israel
Japan
Korea, Republic of
Other countries:
Australia
Congo, Republic of the.
1
5,741
28,997
6,196
2,021
7,375
5,335
21,375
871
23,976
8,345
2,961
39,640
120
252
344
10
232,382
24,519
16
15,926
172,301
2,760
9,557
8,384
6,579
33,626
5,741
30,296
6,212
2,021
7,375
6,714
22,325
871
24,136
8,362
2,996
40,365
1,937,675
1,017,565
261,877
157,464
152,833
737
48,524
33,654
36,282
31,450
10,503
29
164
3,633
1,556
1,695
3,606
1,554
1,595
77
816
31,747
1,340
170
2,514
1,344
6,563
84
6,739
5,987
4,100
11,600
1
6,786
737,240
200
South Africa
United Arab Republic
(Egypt)
All other
13,936
233,573
12,948
197,972
9,691
L49,471
34,515
937
13,986
818
33,087
Total other countries.
469,128
421,726
277,622
118,485
25,619
40,839
39,318
161
61
international.
lirand
total.
4,933,518 1/
4,933,357 1/
560,232
4,366,063
1/
7,062
24,983,660 1/
22,272,281 1/
8,510,482
12,226,285
1/
1,535,514
Data exclude nonnegotiable, nonlnterest-bearlng special U. S. notes
held by the Inter-American Development Bank and by the International
Development Association.
2,320
2,567,999 2,090,432
16
10
1,259
698
201
17
3_
23
53
35
722
427
3,894
1,681
2,926
100
953
2
100
116,488
361,079
143,380
Treasury Bulletin
96
CAPITAL MOVIMENTS.
Section III - Preliminary Details by Countries
2.Banking Claims on Foreigners as of December 31, 1962
Short-Term
Table
(Position in thousands of dollars)
i/
February 196J
97
— CAPITAL MOVEMENTS
Section III - Preliminary Detalla by CountrlcB
V
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During December 1962
(In thousands of dollars)
Treasury Bulletin
9«
CAPITAL MOViMENTS
Section IV - Supplementary Data by Countries
Concerns
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal
t
)
.
IFebruary 19 61
99
_
Table
CAPITAL MOVMENTS
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns
I.
(Con.
i/-
(Position at end of period in thousands of dollars)
Claims on foreigners
Second revised series 2/ Third revised series 2/
Fourth revised series
Fifth revised series 2/
2/
Country
1961
1961
June
June
September
September
1962
December
1962
June 2/
June
^
September
Europe:
Austria
Belgium
CzecboslovBkia
Denmark
Finland
France
Germany, Federal Republic of,
Qreece
Italy
Netherlands
Norway
Poland
Portugal
RumBnia
Spain
Sweden
Svritzerland
Turkey
U.S.S.R
United Kingdom
Yugoslavia
Other Europe
Total Europe.
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatema la
Mexico
Netherlands Antilles and Surinam.
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America,
4,866
11,136
826
11,984
1,777
44,340
40,042
2,427
32,370
16,787
6,632
130
3,798
23
7,216
26,361
24,985
4,966
1,017
277,876
2,180
3,065
4,491
34,631
937
4,984
2,053
39,798
67,571
2,510
35,019
19,125
4,916
272
223,844
1,566
1,912
4,597
34,848
937
5,362
2,080
40,127
67,958
2,530
35,503
21,817
7,214
289
3,687
28
9,946
18,976
19,164
4,990
272
224,542
1,634
2,966
4,356
17,120
1,550
5,704
1,741
36,129
74,254
2,383
33,505
23,132
7,485
384
5,838
70
8,995
18,482
15,417
5,465
215
187,183
1,565
2,740
4,384
17,207
1,550
5,787
1,780
37,041
76,479
2,404
33,943
23,338
7,520
386
5,887
70
9,005
19,088
15,556
5,467
215
188,146
1,565
2,970
21,517
7,133
274
3,378
28
9,754
18,929
4,008
24,885
1,524
6,793
2,284
46,253
77,770
3,091
47,344
28,192
9,686
597
5,201
3,459
26,476
1,563
5,776
2,303
46,427
101,273
3,0U
51,366
35,418
9,751
708
6,818
52
56
11,597
19,177
18,262
5,661
299
197,716
1,858
3,997
12,135
20,598
27,812
5,126
178
193,543
2,172
4,036
4,195
21,762
780
6,662
2,485
37,355
118,153
3,837
59,809
43,193
11,830
791
6,622
64
4,512
25,177
781
7,632
3,880
27,113
845
5,8U
2,891
42,827
129,993
4,381
4,168
48,905
106,339
67, U4
62, U4
46,811
12,387
1,212
6,881
22,250
23,871
3,811
172
165,099
1,548
3,430
16,138
23,341
26,962
5,359
184
177,656
2,283
4,813
37,072
13,208
418
5,665
85
15,108
25,470
33,985
6,497
171
244,628
2,276
4,110
H,309
65
5,684
524,804
504,642
509,467
453,713
459,788
516,247
560,008
552,028
609,430
653,585
339,619
539,539
557,698
652,561
655,136
606,911
687,028
678,728
723,482
822,347
25,818
2,640
60,862
14,512
13,530
6,509
2,911
4,069
47,452
2,064
8,830
10,193
2,184
4,029
38,876
23,592
29,195
2,476
73,376
18,121
12,698
5,485
2,495
4,654
42,369
1,723
7,104
10,901
3,062
4,097
35,066
26,546
30,116
2,486
74,439
18,126
12,966
2,495
4,687
43,963
1,724
7,270
11,840
3,066
4,205
35,602
27,269
30,876
3,033
90,742
16,479
13,997
6,510
2,718
4,504
47,400
1,984
6,256
17,512
2,941
4,444
56,582
43,914
31,597
3,041
91,115
17,054
14,122
6,529
2,772
4,648
49,179
2,078
6,344
17,564
3,115
4,476
57,563
44,915
36,098
2,820
64,403
18,708
13,326
5,170
3,129
4,761
41,330
2,456
9,174
15,913
2,850
4,844
45,777
24,155
36,197
2,613
60,239
21,187
13,122
5,265
3,109
4,515
41,712
2,046
9,071
13,725
2,732
4,073
45,962
29,464
33,704
3,153
58,631
20,530
13,767
6,452
4,110
5,403
41,400
2,935
9,643
12,122
3,093
4,212
38,285
31,282
36,467
3,609
68,167
23,938
16,337
6,550
4,485
5,816
52,189
3,122
10,612
3,289
4,580
44,455
39,169
31,719
4,009
90,246
25,249
16,743
6,307
4,240
5,889
50,100
2,169
9,698
22,739
3,428
5,345
38,123
42,930
268,071
279,368
286,468
349,892
356,112
294,914
295,032
288,722
336,974
359,434
6,2U
U,189
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea , Republic of .
Philippines
Taiwan
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.
.i/
74
19
19
2,901
11,116
2,903
7,249
7,760
55,808
643
7,175
1,671
2,596
17,844
66
3,158
12,837
3,113
7,395
7,721
63,386
1,067
7,222
1,736
2,688
18,681
15
2,621
11,091
2,902
7,232
7,741
55,453
640
7,171
1,606
2,525
17,719
61
3,081
12,757
3,029
7,001
7,633
63,117
1,058
7,172
1,719
2,616
18,001
25
3.020
10,649
4,288
9,193
7,570
52,312
597
8,524
3,281
3,203
17,785
4,362
12,238
2,300
7,755
9,692
79,848
1,188
7,515
6,709
2,646
20,289
3,979
15,439
2,506
7,744
10,643
100,405
2,300
5,340
3,002
2,649
22,274
136
3,115
24,235
2,395
6,142
10,353
95,938
2,928
9,419
3,518
2,768
31,087
139
3,494
39,707
2,572
7,292
13,985
100,749
3,093
10,797
4,568
3,404
33,235
43
4,316
28,844
2,518
5,416
11,532
110,912
3,341
9,360
3,065
3,977
30,084
120,496
116,720
117,685
127,245
129,070
154,567
176,296
192,034
223,035
213,408
20,101
1,921
9,191
7,192
12,941
19,416
2,329
11,066
7,196
15,589
19,492
2,329
11,185
7,197
16,186
20,899
2,096
9,550
10,619
18,506
22,093
9,675
10,636
18,704
24,777
1,777
9,778
9,541
18,424
25,013
2,694
8,158
14,778
13,624
22,611
2,454
8,811
17,427
25,354
2,517
9,644
17,118
22,153
24,177
2,613
10,502
12,482
32,278
51,346
55,596
56,389
61,670
63,255
64,297
64,267
65,865
76,786
82,052
2,U7
U,562
626
187
187
669
669
573
445
352
360
1,304,962
1,4%, 052
1,527,894
1,645,750
1,664,030
1,637,514
1,783,076
1,777,729
1,970,067
(third revised series), as of September 30, 1961 (fourth revised
series), and as of June 30, 1962 (fifth revised series). Changes
in liabilities and claims between quarter-ends can thus be computed
based on comparable coverage.
Beginning June 1962, data exclude liabilities to and claims on
2,131,648
"associated foreign enterprises" (10-25!^ ownership by reporting
firms, a category formerly included in this series which henceforth will be reported to the Department of Commerce), Amounts
excluded as of June 30, 1962, were t9,784 thousand in liabilities
and $30,814 thousand in claims.
Treasury Bulletin
100
.CORPORATIONS AMD CERTAIN OTHER BUSINESS -TYPE ACTrVITIES.
The current financial Btatements of corporations and
statements of financial condition are published quarterly
The first
I In the series of tables.
certain other business-type activities of the United States
and appear as Section
Government which appear In the "Treasury Bulletin" beginning
cata under the new regulations are for March 31, 1956, and^
Statements of
were presented In the August I956 Bulletin.
with the August 195^ Issue are cosplled from reports subclttec to the Treasury under Depairtment Circular No. 9^6,
Issued January JO, 1956, and Supplement No. 1, Issued June
195^. The regulations so Issued are pursuant to Section
Income and expense and source and application of funds are
published semiannually, for June 30 and December 31 report
The first
and appear as Sections II and III.
of,
1,
Ing dates,
n't of the Budget and Aocountlni; Procedures Act of 1550
(31 U.S.C. 66b), and represent another step In the program
these statements under the new regulations cover the fiscal-
of comprehensive and integrated Uovernment accounting and
financial reporting for which authority was provided In
that act.
They supersede Budget-Treasury Regulation No.
3,
Issued under Executive Order No. S512 of August I3, ISi^O,
as amended by Executive Order No. 90S4 of Mso-ch
3,
Iji+S,
under which financial statements previously published In
the Bulletin were submitted.
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned and
year 1956, and was published in the January 1957 Bulletin
Within the sections, the agencies are grouped in separate'!
tables by type, as follows: public enterprise revolving
funds,
Intragovemmental revolving funds, certain other
deposit funds, and trust revolving funds
activities,
Supplement No. 1 added to the coverage by Including;
executive agencies and activities not reporting under
Department Circular No. 966, but required only a statement
all
These are
of financial condition annually as of June 30.
mainly not business-type activities, and those which haff
mixed-ownership Government corporations specifically included In the Government Corporation Control Act, as amended
(31 U.S.C. S'*&, ?56); and all other activities of the Gov-
not yet developed formal accounting procedures to provide'
complete balance sheet types of statements were authorlzedi
temporarily to report only the asset side.
Thus the sup-1
ernment operating as revolving funds for which business-
plement rounds out provision for the information on prop-
type public enterprise or Intragovemmental fund budgets
erties and assets of the United States Government which the
Other activities
Treasury has been asked to furnish to the Comniittee oil;
Government Operations, House of Representatives, for s;
1
c.re
required by the Bureau of the Budget.
and agencies whose operations, services, or functions are
largely self-llquldatlng or primarily of a revenue-producing nature, and activities and agencies whose operations
continuing study of the assets of the Government.
result In the accumulation of substantial Inventories,
?0t
In-
vestments and other recoverable assets, may be brought
under the regulations as agency accounting systems are
developed to the point where they are capable of furnishing the financial reports required.
Four kinds of financial statements are called for by
Department Circular No. 966.
cial condition.
of funds,
They are statements of finan-
Income and expense, source and application
and certain commitments and contingencies.
The
comprehensive reporting under Supplement No.
1
The flrsi
Is
for June
and the data were published in the December 1957(
issue of the Bulletin as Part B of Table k In Section I,'
1957.
A summary of loans outstanding for a series of
datefl!
is Included in Section I of the Bulletin presentation be-
ginning with the June I95S issue. Two classifications ol
the loans are shown, one by type and one by agency.
Date'
prior to 1956 are based on the earlier reporting require'
which provided for complete coverage of Government"
lending agencies.
ments,
:
February 196J
101
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Table
1,
Section I - Statements of Financial Condition
Summary by Specified Classes of Activities, September 30, 1962
(In thousands of dollars)
Account
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury i .
Investments:
Public debt securities (par value)
Securities of Government enterprises
Unamortized premlujii, 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, debentxires, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U . S
Other liabilities (including reserves)...
Total Uabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninte rest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenxies
(-)
Total United States interest
Total liabilities and Investment
AMAiySIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
Total
Public enterprise
revolving funds
(See Table 2)
174,030
8,983,973
171,913
4,947,376
1,415,312
132,039
-10,469
5,495,126
1,410,416
132,039
-10,469
215,756
31,412
130,125
808
5,474
16,982
114,171
13,622
10,480
2,174,164
2,512,132
20,859,560
-1,329,883
1,286,859
287,704
6,827,543
-1,329,828
868,821
64,459
6,897,762
-55
18,485
2,159,969
7,134,256
10,826
402,508
583,807
10,806
1,252
150,276
128,122
23,952,056
3,115,828
-462,599
797,396
12,842,993
-2,542,867
1,385,515
2,648,899
124,912
14,573,773
731,237
-448,817
797,345
5,028,927
-1,514,513
83,430,004
34,799,727 2/
Intragovernmental
revolving funds
(See Table 3)
691
1
,090,661
1,425
2,945,935
4,897
5,279,370
20
401,256
433,531
3,210
9,378,283
2,384,591
-13,783
51
528,387
-237,399
2,341
1,396,599
Certain other
activities
(See Table 4)
28,616
9,373,096
7,285,679
-790,954
1,383,174
1,223,683
39,257,181 2/
460,401
973,418
69,658
548,397
347,952
363,957
42,791
61 ,064
419,094
483,582
375,663
139,268
493
106,134
42,938
238,180
108,916
14,458
791
84,586
23,540
948
13,511
95,024
206,150
51,453
165,482
2,840
216
157,744
309,790
145,015
1,778,720
309,790
145,015
1,424,533
205,689
148,498
5,152,315
3,388,742
1,125,378
638,195
100,000
27,877,275
1,102,380
100,000
23,186,604
1,102,380
1,053,000
33,758,988
7,477,541
18,560,284
-9,U1,164
1,053,000
10,230,175
1,884,492
1,063,962
-7,129,323
-2,210,615
78,277,689
31,410,984
8,247,71s
38,618,986
',430,004
34,799.727
9,373,096
39,257,181
87,718,853
-9,441,164
38,540,307
-7,129,323
8,147,877
41 ,030,668
99,841
-2,411,682
40,732
40,452
157,7U
4,690,671
668,533
276,777
7,202,568
99,841
-30,307
22,860,281
5,316,272
10,293,753
-2,411,682
-2,130.309
investment incl, interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
78,277,689
3\410,984
8,247,718
38,618,986
-2,868,245
1,241,180
-1,545,870
655,308
-385,803
435,871
-436,573
investment excl. Interagency items.
76,650,624
30,520,423
7,797,786
33,332,415
U.
S.
U. S.
Footnotes at end of Table
S.
150,001
Treasury Bulletin
102
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES,
Section I - Statements of Financial Condition
Table 2,- Public Enterprise Revolving Funds, September 30,1962
(in thousands of dollars)
Agriculture Department
Agency for International Development
Total
ASSETS
Cash in banks, on hand, and In transit,,.
Fund balances vrtth the U. S. Treasury 2/
Investments:
Public debt securities (par value)
Securities of Government enterprlaea,,.
Unamortized premium, or discount (-)..,
Other securities
Advances to contractors and agents:
Government agencies
Other
Accoxints and notes receivable:
Government agencies. ...........,••....,
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt secxiritles.
,
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 equipnent
Accumulated depreciation (-)
Foreign currencies. ......................
Other assets (net )••••••.•••,..
Total assets.
171,913
4,947,376
Development
loans
1,143,334
Development
loan fund
liquidation
account
Foreign
investment
guaranty
fund
1,011,348
62,389
Connnodity
Credit
Corporation
8,030
8,235
194
52,412
250,908
15,314
1,331
19
808
5,474
1,208,299
161,107
5,248,763
-1,328,602
1,286,859
287,704
6,827,543
-1,329,828
10,806
1,252
150,276
124,912
14,573,773
731,237
-448,817
797,345
5,028,927
-1,514,513
296
13,122
169,186
192,845
731,237
28,714
2,822
872,322
1,765,246 2/
-248,006
-83,892
503
473
-245
91
7,531,661
68,148
1,070,555
69,658
548,397
3,915
157,431
10,703
375,663
139,268
76,568
245,330
-139,736
667
2,341
600,175
1,396,599
1,312,815
1,949,218
62,389
309,790
145,015
1,424,533
Total liabilities
3,338,742
1,404,165
100,000
23,186,604
1,102,380
100,000
12,123,000
Total United States interest.
Direct
loan
account
V
LIABILITIES
Accounts payable:
Government agenc ies
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: Giiaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
Ngr INVESTMEWr
United States interest:
Interest-bearing investment:
Capital stock
,...,. ••...,,••
Borrowings from the U, S, Treasury...
Other
Nonlnterest-beartng investment:
Capital stock
Appropriations.
..,
Capitalization of assets (net). ...••.
Other
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (-).....
,...., .,..•.••
Farmers' Home
Administration
1,410,416
132,039
-10,469
215,756
34,799,727 4/
.'
Federal
Crop
Insurance
Corporation
559
8
2,717
126,201
791
948
51 ,453
U,221
179
165,482
73,551
11
157,7U
1,053,000
10,230,175
1 ,884,492
1,063,962
-7,129,323
922,279 2/
1,312,500
2,000,000
315
-27,962
57,427
-80,307
-80,254
466
11,360
2,726
597,960
52,748
40,000
85,525
456,079
9,633
-6,095,504
228
-387
-68,576
13,791
V
31,410,984
1,312,815
1,949,211
62,381
6,127,496
56,789
1,067,829
Total liabilities and investment,,,,..,,,
34,799,727
1,312,815
1,949,218
62,389
7,531,661
68,148
1,070,555
ANALYSIS OF UNITED STATES INVESMEm'
United States investment
Accumulated net Income, or deficit (-)..,
38,540,307
-7,129,323
1,312,500
315
1,891,784
57,427
52,748
9,633
12,223,000
-6,095,504
125,365
-68,576
31,410,984
1,312,815
1,949,211
62,381
6,127,496
56,789
1,067,829
-1,208,299
124,704
179
-1,331
2,717
5,043,901
56.968
1.069.216
investment Incl, Interagency items.
Interagency Itena:
Due from Government agencies (-).......
Due to Government agencies..,,,....,...
-1,545,870
655,308
investment excl, interagency items.
30,520,423
U, S.
U. S,
Footnotes at end of Table 8.
>
1,312,815
1,949,211
62,381
1
,054,038
13,791
(Continued on following page)
li
)
FehTuary 196J
103
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES,
Section I - StatementF of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1962
(Continued)
(in thousands of dollars)
Agriculture Department
-
Farmers Home Administration
(Continued
(Continued)
Commerce Department
•
'
Emergency
credit
revolving
Agricultural
credit
insurance
fund
fund
Expansion
of defense
production
Aviation
war risk
insurance
revolving
fund
Area
Redevelopment
Administration
Area
Redevelopment
fund
Inland
Waterways
Corporation
(in
liquidation)
Maritime
Administration
Federal ship
mortgage
insurance
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 2/,
55,812
2,i30
17
6,541
7,291
Investnjents:
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 (-)..,..,....,..
Acqxiired security or collateral (net),.,.
Land, structures, and eqxiipment.,,,,,,,,.
Accumulated depreciation (-),,......,..
Foreign currencies. ................,,,,,,
Other assets (net ).,,,,,,,,...,
I
'
Tota 1 assets. .•••.•...,...........
I
LIABILITIES
Accounts payable:
Government agencies. ...................
Other
Accrued liabilities:
Government agencies.
,
Other
Advances from:
Government agencies
661
1
208
2,U2
2,798
6i6
76,360
38,712
-15,501
A7
250
39
3
2,953
W
19
4,375
3,794
-696
3,439
2H
119,937
i5,1i8
16
185
196
37
17
2,986
10,959
13,8
53
7,978
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
iOther liabilities (including reserves).,,
^,765
jTotal liabilities
5,051 6/
7,978
47
6,723
48
6,723 6/
NET INVESTMENT
'
pnited 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
I
27,9i5
66,055
12,000
205, .i94
36i
1
,000
-86,123
11,152
-74,033
-7,978
I
119,735
^0,097
Jtotal liabilities and Investment
119,937
i5,U8
ANALYSIS OF UNITED STATES INVESTMENT
Jr.ited States investment..........,.,,.
Accumulated net income, or deficit (-),
205,858
-86,123
28,945
11,152
66,055
-74,033
interagency items.
119,735
40,097
-7,978
[interagency items:
Due from Government agencies (-),,,,,,,
Due to Government agencies,,,,.., ......
-1
16
-661
196
7,978
119,751
39,633
17
2,957
12,298
28
-13,387
7,165
2,986
10,911
7,165
2,986
10,959
13,888
2,957
24,298
-13,337
7,1o5
2,986
10,911
7,165
;,986
10,912
7,165
I
'J.
J.
S,
S.
investment incl
investment excl, interagency items.
,'ootnotes at end of Table 3.
(Continued on following page)
17
Treasury Bulletin
lOl
CORPORATIONS AND CERTAIN OTHEE BUSINESS-TYPE ACTIVITIES
Table 2.
Section I - Statements of Financial Condition
Publ Ic Enterprise Revolving Funds, September 30, 1962
(In thousands of dollars)
-
(Continued)
RbTuanf 196J
Treasury Bulletin
io6
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1962
{Continued!
(In thousands of dollars)
Labor Dept.
Interior Department - (Continued)
Bureau of Commercial Fisheries
ASSETS
Caah In banks^ on hand, and in transit,,.
Fund balances with the U. S. Treasury 2/,
Investments:
Public debt aeourltles (par value)
Securities of Govemnient 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
Accxjmulsted depreciation (-)......,,,,,
Foreign currencies. ,...,,,,.,............
Other assets (net)..
...,.,..,«,,.••.
Tota 1 assets. .....••, •,,,•«••••.,..•
LIABILITIES
Accounts payable:
Government agenc ies, .,,,,,. ............
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),,.
Federal ship
mortgage
insurance fund,
fishing vessels
Fisheries
loan fund
15
5,700
Bureau of Reclamation
Fund for emergency expenses.
Fort Feck
project, Mont.
Upper
Colorado
River Basin
fund
Virgin
Islands
Corporation
Expansion
of defense
production
Bureau of
Qnployment
Security
Advances to
unemployment
trust fund 8/
1
884
68
172,970
10
3
77
13
76
34,802
17
79
14
614
90
605
1,388
782
6i
121,412
47
7,134
-10,098
-133
15
12,976
-3,426
17,001
-681
40,075
-4,523
25
104
300,237
410
12,811
17,409
371,306
12,168
4
32
506
11,090
151
5
151
161
295,164
1,414
6
136
4,646
40
1,901
9
15
Total liabilities
11,931
97
82
16,339
696
1,414
944
10,472
32,130
NET INVESTMEOT
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 (-)
338,787
16,264
-207
-768
1,575
2,260
14,302
12,793
17,369
354,967
11,472
12,811
17,409
371,306
12,16
United States investment...,
Accumulated net income, or deficit (-)...
13,000
-207
3,067
14,302
354,918
12,197
-725
investment Incl. interagency items.
Interagency items:
Due from Government agencies (-).......
Due to Government agencies.............
12,793
17,369
354,967
-5
4
investment excl, interagency items.
12,794
17,368
13,000
288,000
-725
50
-31 ,643
7,164
-52
Total United States interest
Total liabilities and investment
781
-81
15
487
295,164
1,901
295,164
32,130
-31 .643
288,000
7,164
,02
487
295,164
-77
506
-90
167
1,414
355,396
11,548
1,901
AJJALYSIS OF UNITED SPATES INVESTMENT
U. S.
U. S.
Footnotes at end of Table 8.
(Continued on following page)
50
1 1
-121,412
173,752
I
February 196J
Treasury Bulletin
lOS
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1962
(Continued)
(In thousands of dollars)
Expansion
of defense
production
ASSETS
Cash In banka, 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 agenc les
•
•
•
Other: U. S. dollar loans
Foreign currency loans....
Allowance for losses (-)
Acquired security or collateral (net)....
..*.
Land, structures, and equipment
Accumulated depreciation (-).........••
Foreign currenclea............**..**.....
Other assets (net)
••...•
•*.
.•..••••••••..•
Total assets.......
LIABILITIES
Accounts payable:
Government agencies •.,...,.•..... ...•••
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenc les........ •...., ......
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).,.
268
Housing and Home
Finance Agency
General Services Administration
Treasury
Department (Continued)
Abaca
fiber
program
99
Reconstruction
Finance
Corporation
liquidation
fund
Office of the Administrator
Expansion
of defense
production
5A1
6
287
3,106
35
118,173
558
-U,360
62
22,065
Defense
production
guaranties
College
housing
loans
6,265
1,072
72A
1,50i,657
1
-533
10,566
-6,302
2,785
-1,716
5,159
l,''ii,i87
Public
facility
loans
46,867
19,669
U3
38
13,281
1,016
,269,745
80,373
-1,572
-2,236
1i,S33
107, 18^
766
6,26";
1,328,464
U3
600
335
833
5
2
200, i54
8,524
689
2,963
335
202,22^
12,092
1,361
1,803,700
1,318,409
91,045
108
793
Total liabilities
NKT 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
revenues (-),. •..•.•....•...•••••, ••.
87,600
515
18,689
11,216
-11,117
Total United States Interest
106,289
99
Total liabilities and Investment
107,189
99
87,600
18,689
Interagency items.
Interagency Items:
Due from Government agencies (-).......
Due to Government agencies,....
106,289
investment excl. Interagency items.
107,057
ANALYSIS OF UNITED STATES INVESTMENT
United States Investment. ,.,
Accumulated net income, or deficit (-).,,
U. S. Investment Incl,
U.
S.
Footnotes at end of Table 8.
10,564
5,159 12/
-461 ,9?2
6,265
-2,037
-4,110
5,159
1,3,i.2,263
6,265
1,316,372
97,4^0
5,159
I.'^U.AS?
6,265
1,328,464
11,216
-11,117
5,159
1,804,215
-461 ,952
6.265
1,318,409
-2.037
101,610
-4.110
99
5,159
1,342,263
6,265
1,316,372
97,499
-6
-1 ,074
9,124
1,023
5,15?
1,541,787
6,265
1,325,496
3,523
768
200,597
99
(Continued on following page)
;
,
February 1961
109
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1962
(In thousands of dollars)
-
(Continued!
Treasury Bulleth
110
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1962
-
(Continued)
(In thousands of dollars)
Veterans' Administration
Housing and Home Finance
Agency - (Continued)
Public
Housing
Administration
Federal
Housing
Administration
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 premiuin, 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 equlpnent
Accumulated depreciation (-)...........
Foreign currencies.
Other assets (net)
.....•....•.•.•. .••.•••
LIABILITIES
Accounts payable:
Government agencies.
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Govemment agenc ies ....................
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
a ssets.
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capita 1 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 (-)
Canteen
service
revolving
fund
246
151,126
3,320
2,599
151
5,815
105,108
Direct
loans to
veterans
and
reserves
60,212
Loan
guaranty
revolving
fund
4,634
40,883
694,128
8,506
-7,999
U3
49
57
133
1
53
28,083
62
114
489
5,352
464
631
1,235
1,808
1,226
121,221
1,360,321
448,105
4,184
221,232
5,618
63
301,488 12/
-7,5A3
560,820
4,812
-2,086
-3,131
8,372
-3,966
6,909
-3,338
54,381
102
185
2
22,457
1,751,769
184,430
569
1,518,152
739,217
203
24,460
272
56,531
26,130
16,166
1,346
4,965
453
529
429
2,618
23,882
486
448
149
413
1
5
,
101
1,334
12,480
157,744
309,319
1,804
114,134
60,523 6/
638,672 6/
839
1,529
3,265
40,139
,189
1,580,078
93,000
1,000
1,173,893
246,581
1
17,355 6/
365
1,113,097
-1,390,567
11,939
-102,066 16/
728,206
380
-6,724
Total United States interest
1,113,097
123,908
12,304
1,478,012
721 ,862
Total liabilities and Investment
1,751,769
184,430
15,569
1,518,15;
739,217
ANALYSIS OF UNITED STATES INVESTMENT
United States investment.........
Accumulated net income, or deficit (-)...
,514,474
365
- 1,390,567
11,Q39
1,580,078
-102,066
728,586
1,113,097
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies.. •......,•..
1,113,097
123,908
1J,304
1,478,012
721,862
-8,701
161,912
-1
1,211
-53
250
12,480
investment excl. interagency items.
1,266,308
125,117
12,501
1,490,493
U. S.
U, S.
Footnotes at end of Table 8.
Rental,
maintenance,
and repair
of quarters
1
(continued on following page)
-6,724.
721 ,862
-9
17
-9
17
-19,554
February 196J
Treasury Bulletin
112
'
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYra ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Publ 1 c Enterprise Revolving Funds, September 30, 1962
-
(Contlnuedl
(in thousands of dollars)
Federal Home Loan Bank Board
Revolving
Account
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Tpsasury 2y'
Investoents:
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
Otter (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)....
lend, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
Federal Savings and Loan
Insurance
Corporation
Home Owners
Loan
Corporation
(liquidated)
366
855
420
388
Panama
Canal
Company
6,078
15,305
Saint
Lawrence
Seaway
Development
Corporation
Small Business
Administration
17/
Revolving
fund
90
136
261
256,525
United States
Information
Tennessee
Valley
Authority
Af^ency
Informational
media
guaranty fund
15,160 18/
7,261
624,594
-2,470
60,411
42
264
1,392
2,868
4,226
10,797
-615
12,819
U
61
387
119
9,805
16,245
40,895
-611
4,480
6,127
200
663,874
42,898
-22,324
1,676
475
-475
148
-148
2,531,047
-561,120
718,364
-282,645
127,383
15,370
562
1,914
345,594
489,748
128,848
968,354
2,404,520
220
4,305
362
23
63
46,550
6,958
2,068
3,424
6,290
61
11
1,895
177
1,616
806
2,894
9,434
145,000
11,589
208,772
1,674
Total assets
2,525
683,112
10
3
U
1
388
1,675
UABIUriES
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)...
64
589
267
95
1,315
723
331
279
13
1,029
32
20
32
302
15
1,179
2,167
Total liabilities
24,382
24,780
388
13,317
28,261
336
4,205
190
913
NET mVESTMEUT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonlnterost-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accuraalated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States Interest
328,176
121,147
10,570 ^2/
20,094
709,847
325,153
Total liabilities and Investment
ANAUSIS OF UNITED STATES INVESTMENT
United States investment
Accumilated net income, or deficit (-)...
358
658,332 20/
133,311
204
-7,278
2,709
-78,790
461,487
124,643
958,919
2,195,748
489,748
128,848
968,354
2,404,520
,037,709
-78,790
1,835,809
359,940
20,094
-19,333
762
358
658,332
.525
i:83,112
358
658,332
328,176
133,311
131,921
-7,278
•
388
1,788,332
47,477
1
359,94021/
762
investasnt Incl. interagency items.
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
358
658,332
46 1 ,487
124,643
958,919
2,195,748
-264
353
-1
282
-2,868
8,208
3,786
6,290
-9,805
2,931
723
investment excl. Interagency items.
447
658,613
466,827
128,429
965,209
2,188,874
1,485
U. S.
U. S.
Footnotes at end of Table 8.
:
)
.
.
February 1961
113
.
CORFORATIOnS AND CERTAIN OIHCR BDSHiESS-TXFB ACTIVmBS.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1962
(In tbouaacdB of dollars)
Legislative
Branch
Aooount
Total
Government
Printing
Office
Asagrs
Caah In banks, on hand, and In transit...
rtnd balances with the U. 3. Treasury 1/.
InTestBenta:
Public debt securities (par value)
Securities of Government enterprises
UnABortlxed premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Goremment agencies
Other
Accounts and notes receivable:
GoTemaient agencies
Other (net)
Inventories
Allovance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
GoTerment agencies
Other
Allovance for losses ( -)
Acquired security or collateral (net) . .
Land, structures, and equipment
Accimulated depreciation (-)
Other assets (net)
691
1,090,661
620
10,159
—
16,982
114,171
868,821
64,459
6,897,762
-55
.
528,387
-237,399
28,616
Total assets
LIABIUriBS
Accomts payable:
GoTenment agencies
Other
Accrued liabilities:
Gorermsnt agencies
Other
Advances from:
Gorerment agenciea
Other
Trust and deposit liabilities:
Gorernaent agencies
Other
Bonda, debentures, and notes payable:
Govenasnt agencies
Other:
Gisranteed by the Uiited Statee
lot guaranteed by the Uiited States..
Other liabilities (including reserves)...
Total liabilities
205,689
1,125,378
SKT iHVEawaiT
(blted States interest:
Interest-bearing investment:
Capital stock
Barrovings from the U. S. Treasury...
Other
lolnterest-bearing Inveatsaent:
I
Capital stock
Approjarlatlona
I
I
Capitalization of ^assets (net)
Other
AcciBulated net income, or deficit (-).
Deposits of general and special fund
revenues ( -
Total aiited Statee interest
Total liabilltiee and investment
._^
ABALifSIS OF UNITED STATES INVESIMHIT
...United States investinent
AcciBulated net income, or deficit (-)...
Total ttilted States investment including
Interagency items
Interagency items:
I>UB from Government agenciee (-)
Dub to Government agencies
Total mi ted States investment after
exclusion of interagency items
footnotes at end of Table 8.
668,533
276,777
7,202,568 2/
99,841
8 ,247,718
9,373,096
8,147,877
99,841
8,247,718
-885,803
435,871
7,797,786
13,451
37
30,614
Agency for
International
Development
Acqxiiaition
of property
revolving
fund
Commerce Dept
Agriculture Department
Agricultural
Research
Service
Forest
Service
Working
capital
Working
capital
fund
fund
Working
capital
fund
National
Bureau of
Standards
Working
capital
fund
llU
Treasunj Bullet it
.
Table 3.
COBPORATIOIfS AID) CERTAIN OrEEB BUSIWESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Intragovernment al Revolving Funds, September 30, 1962
-
(Continued)
(In thousands of dollars)
Commerce
Department
(Continued)
Working
capital
fund
Assgrs
on hand, and In transit...
Fund balances with the U. S. Treasury iy .
InTeetoente:
Public debt securities (par value)
Securities of Government enterprises...
Uiamortlzed 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 losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Govemn^nt enterprises
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation ( -)
Otiier assets (net)
Defense Department
Office of the Secretary
Jel ense
stock
fund
Defense
industrial
fund 2/
Air Force Department
Stock
fund
Industrial
fund 2/
Army Department
Stock
fund
Casta In banks,
Total assets
256
47,887
1,074
247,352
62,830
15,000
104,786
198
401
85
151,619
695
1,755,639
477
2,053
104,853
10,116
319,171
282,004
78,988
9,427
1,177
149.285
25,707
2,424.727
605
-339
-10,607
3,272
57
16.596
1,008
1,945,233
3,604
634,962
152,480
3,018,104
8,492
47,681
173
44,255
125
39,960
43,702
115,347
49,374
UABILTTIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenc le s
Other
Trust and deposit liabilities:
Government agencies
46
74,
9U
217
1,330
ther
Bonds, debentures, and notes payable:
Covemraent agencies
Other:
Guaranteed by the Uilted States
Not guaranteed by the Iliited States..
Other liabilities (including reserves)...
iU
-12,484
312
-2.547
-11,717
-66,949
Total liabilities
2^0
43,689
749
116,652
73,275
97,773
NET INVESTMHIT
mited 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
AccUDUlated net Income, or deficit (-)..
Deposits of general and special fund
revenues ( -)
Total United States Interest
Total liabilities and Investment
AHALYSIS OF UNTTED STATES IMVESTMBIIT
United States Investment
Accumulated net Income, or deficit (-).,,.
Total united States Investment including
Interagency items
Interagency Items:
Due from Governincnt agencies (-)
Due to Government agenc le s
Total United States Investment after
exclusion of interagency items
Footnotes at end of Table 8.
100
252
81 ,000
2,945
1,901,544 4/
416
-875
568,310 i/
-90
2,920,331 4/
-920
768
1,901,544
2,855
568,310
79.204
2,920,331
1,008
1,945.233
3,604
684.962
152,480
3.018,104
352
416
1,901,544
2,945
-90
568,310
80,125
-920
2,920,331
768
1,901,544
2,855
508,310
79,204
2.920,331
-401
-151,619
8,492
-477
173
-104,853
44,255
-78,988
39.960
-164,285
115.347
1,758,417
2,551
507,712
40,177
2,871,394
368
(Continued on following page)
^February 196 J
Treasury Bulletin
116
.
CORFORATIONS AMD CERTAIH OTHER BUSIKESS-TYPE A3TIVrnES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1962
(In ttaoimande of dollars)
(Continued)
February 1961
Hi
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1962
(in thousands of dollars)
Agency for International
Development
Total
Foreign
currency loans
Private
enterprises 2/
ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury 5/.
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
Allouance 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
MET INVESTMEm'
United States Interest:
Interest-bearing investment:
Capita 1 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 (-). ....•.•••..••
1,425
2,945,935
S. dollar
and foreign
currency
loans
U.
Agriculture Department
Farmers
Home
Administration 2/
164,138
39,871
Commerce
Department
Rural
Electrification Administration
Maritime
Administration
458
79,588
248,950
97
94
28
Defense
Department 2/
Military
assistance
credit
sales 4/
25
4,897
5,279,370
13,622
10,480
18,485
2,159,969
7,134,256
20
401,256
433,531
3,210
9,378,283
2,384,591
-13,783
33,177
1,453,074
2,314,827
69,763
51
7,285,679
-790,954
1,383,174
1,223,683
39,257,181 8/
67
9,910
3,648
36
8
130
11
6,088
154,590
1,194
377,786
3,562,780
3,210
122,229
-4,693
-9,090
177,643
51
239,546
1,143,628
310,506
5,144,4"S
2,134
-1,183
715
-307
420,245
3,788,8il
4,296,796
38
34
27,305
17,450
422
169,867
4,512,872 6/
-632,116 7/
26,684
42,791
61 ,064
42,938
238,180
1
1
2,737
,080
1,566
23,540
177,643
11
23,326
40,732
40,452
1,116
14,198
6,935
346
21
692
7,940
148,498
39,533
4,624
1,172
3,588
638,195
57,553
24,246
19,484
232,730
4,690,671
829,660
287,304
3,573,707
4,881,324
301 ,670
-517,035
153,850 2/
623,383
-17,906
-4,623
-239,707
-260,853 2/
22,860,281
5,316,272
10,293,753
-2,411,682
334,751
-2,130,309
-5,369 2/
-1,167
-103,291
2,839,943
5,199,580
-2,298
-2,953,106
177,643
-1,561
-1 ,020,053
38,618,986
-18,875 2/
310,506
-252,^52
Total United States interest
5,086,945
395,999
3,769,357
4,064,066
177,643
Total liabilities and investment
39,257,181
310,506
5,144.498~
420,245
3,788,841
4,296.796
177,043
ANALYSIS OF UNITED SPATES INVESIMENT
United States investment. ......•••......•
Accumulated net income, or deficit (-)...
41,030,668
-2,411,682
315,875
-5,369
4,933,095
153,850
635,707
-239,707
3,872,649
-103,291
7,017,172
-2,953,106
177,643
S, investment incl, interagency items.
Interagency items:
Due from Government agencies (-).......
Due to Government agencies
38,618,986
310,506
5,086,945
395,999
3,769,357
4,064,066
177,643
-11
11,080
-36
3,854
17,834
-3,371
24,028
investment excl. interagency items.
38,332,415
5,098,025
399,817
3,787,181
4,084,723
U,
U. S.
Footnotes at end of Table 8.
~
-436,573
150,001
310,506
(Continued on following page)
177,64^
.,
.
FehTuary 1961
119
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Sectlon I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1962 -
(Continued)
(In thousands of dollars)
HEW Department
Interior Department
Office of
Education
Office of
Territories 2/
Loans to
students
(World War II)
Alaska
public
works
Bonneville
Power
Administration
Justice Department
Southeastern
Power
Administration
Southwestern
Power
Administration
Immigration
and Naturalization
Service
Legal
activities
and general
administration
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:
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)....
Lend, structures, and equipment
.,
Accumulated depreciation (-)
,,,.,.
Foreign currencies. .•...•,...,.,,.....•..
Other assets (net ),....................
16
^
Total assets...,,...,.........,.,,
,
27,3i1
183
10,715
1,958
52
1,341
6,553
804
6,853
3,900
116
404
9,520
i,281
184
118
402
53
55
16,990
8,531
666
25
67
18,210
506,868
-120,582
17.890
92
13,210
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),,.
94
-42
_U2_
28,957
-7,019
4.100
142.305
449,622
2,313
34,776
28,360
153,719
2,942
22
689
171
6l_
49
12
230
3,02i
1
727
646
Total liabilities
12
8,737
95
1,974
2,727
4,439
2,323
32
195
5,636
6,635
78
9,76Q
15,524
2,727
687,059
10,413
17,545
11,064
5,101
NET INVESTMEyr
United States interest:
Interest-bearing investment;
Capita 1 stock
Borrowings from the U, S, Treasury, .
Other
Noninterest-bearing investment;
Capita 1 stock.
,,
,,,,.
Appropriations,
,
Capitalization of assets (net),,,,,,.
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues (-),,,,,....,..,.,.,......,,.
Total United States Interest
616
Total liabilities and investment.. .......
ANALYSIS OF UlUTED STATES IN'ffiSTMEOT
United States investment..
Accumulated net income, or deficit (-)...
Footnotes at end of Table
191
-334
140,662
29,582
902
8,561 10/
24,203
150,891
-14,460
-369,206
-148,698
-38,241
18,210
442,986
2,234
25,007
12,836
155,992
92
18,210
449,622
2,313
34.776
28.360
158.719
616
-52i
18,210
441,513
1.474
-138,428
140.662
80i
24.203
27,296
-14.460
155,9°2
18,210
442,986
2,234
25,007
12,836
155,992
-4,304
727
23
-52
8,737
-18i
2,254
-118
2.727
439,410
2,258
33,692
14,906
158,601
investment incl. interagency items.
Interagency items:
Due from Government agencies (-).......
Due to Government agencies..,,
investment excl. interagency items.
20,191
103,468 10/
1,474
52i
U, S.
U, S,
18,210
92
18,210
(Continued on following page)
-1,313
Treasurii Bulletin
120
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1962 - (Continued!
(In thousands of dollars)
.
February 196")
121
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1962 - (Continued)
(in thousands of dollars)
Export-Import
Bank of
Washington
Account
Agent for
certain Mutxial
Security Act
loans
ASSETS
Cash in banks, on hand, and in transit,,.
Fund balances vdth the U. S, Treasxiry^.
Investments:
Public debt securities (par value).,,,.
Securities of Government enterprises,,.
Unamortized premium, or discount (-),,,
Other securities.
•,,,,,,,.,•,•..,
Advances to contractors and agents;
Government agencies
,,,,,
Other
Accoiints 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,,
,,
Accumxilated depreciation (-),,•«,••....
Foreign currencies. ....,,.,,,,......,,,,,
Other assets (net),,, ,,,,,.,. .......,.•••
Total assets
Total liabilities and investment
,,,
ANALYSIS OF UNITED STATES INVESTMEOT
United States investment,,,,,,,,,,.,.,,,.
Accumulated net income, or deficit (-),,,
331
4,18
23,598
1,061
998
694
219
27
133
14,676
1U,505
i,3U
159
403
1,143
6,536
495
4,601
2,450
i93
63
236
52,699
-19,867
5,224
14,676
73,020
3,974
39
611
56
700
10,596
161,000
483
64
158
372
52
115
11
11
1,391
178
495
13,015
420
939
-9,305
1,798
3,754
-3
-92
2,827
994
4,522
17/
9,253
14,676
25,589
38,178
1,457
-1,720
1,856
-16,357
H6,^99
U6,i99
-6,478
74
3,663
1,457
14,676
63,767
6,536
495
4,601
2,450
14,676
73,020
1U,6i3
-6,478
1,795
-1,720
3,663
1,457
14,676
63,767
-6,478
74
3,663
1,457
14,676
63,767
483
64
197
372
-5,996
138
3,860
1,829
1,856
investment excl. interagency items.
U6,i99
Footnotes at end of Table 8.
Canal
Zone
Government
1,856
H6,499
U. S.
Payment
of loan
guaranties
Panama
Canal
20
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)..,,,,.
Due to Government agencies,,,,,,,......
U, S,
2,208
12
Total liabilities
Total United States Interest.
Federal
Power
Commission
4,400
LIABILITIES
Accounts payable:
Government agencies. ..•..,,••••,.,,,,,.
Other
Accrued liabilities:
Government agenc ies
.,,,,.,
,,.
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),,.
NET INVESTMENT
United States interest:
Interest-bearing investment;
Capita 1 stock
Borrowings from the U, S, Treasury,.,
Other
Noninterest-bearlng investment;
Capital stock, ,,,,,, •,,,,..
,
Appropriations,,. ..........,,,,,,....
Capitalization of assets (net).....,.
Other
Accumxilated net income, or deficit (-),
Deposits of general and special fund
revenues (-)........
,......,,,,,
Federal
Maritime
Commission
Interstate
Commerce
Commission 2/
122
138
H6,i99
.,.
Federal
Communications
Commission
Federal
Mediation and
Conciliation
Service
(Continued on following page)
-998
4.031
14,676
66,800
Treasury Bulletin
122
.
COEPORATIONS AMD CERTAIN OOBER BUSINESS -TYPE ACTIYTTIES.
Section I - Statements of Financial Condit Ion
Table 4.- Certain Other Activities, September 30, 1962 - (Continued
(Id thousanda of dollars)
Panama Car.al
(Continued)
Account
Panama Canal
Company
Thatcher
Ferry
Bridge
ASSETS
Cash Id banks, on hand, and in transit...
Fund balances with the U. S. Treasury^.
Investments;
Public debt securities (par value)
Securities of Govemjnent enterprises...
Unamortized premiuia, or discount (-)...
Other securities
Advances to contractors and agents:
Govemiaent agencies
Other
Accounts and notes receivable
Govemjnent agencies
Other (net)
1,973
18,208
Total assets
20,181
,
LIABILirlES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from;
Govemnent agencies
Other
Tniet 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)...
Total liabilities
Selective
Service
Svstem
4,557
Salaries
and
expenses
3,708
Grants for
research and
management
counseling
468
Consolidated
working
fund
84
35
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)....
Zand
structures and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
,
3mall Business Administration
7,552
-3,904
1,859
8,206
5,608
2,720
25
19
468
103
468
38
284
60
1,771
2
214
1,013
37
929
84
284
3,770
2,9U
468
19,897
11,918
3,648
762
3,891
77
254
NET INVKSTHENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasxiry...
Other
Noninterest-bearing investment;
Capital stock
Appropriations.
Capitalization of assets (net)
Other
Accunulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest
1,902
-11,130
21
-3,891
-172
19,897
4,436
2,664
">,131
8,206
5,608
468
19,897
15,566
-11,130
2,664
3,891
-3,891
investment Incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
19,897
4,436
2,664
-151
284
1,013
989
215
investment excl. interagency items
20,181
5,a9
3,653
64
Total liabilities and investment
AMAIJSIS OF UintED STATES INVESTMENT
United States investment
Accunulated net income, or deficit (-)..
U. S.
U. S.
Footnotes at end of Table 8
-151
103
:
.
i
:
February 196}
123
.CORPORATIONS AMD CEEIAIN OTHER BUSDTESS-TTFE ACHVITIES,
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, September 30, 1962
(In thousandB of dollare)
Federal Home
Loan Bank
Board
Farm Credit Administration
Account
Total
Banks
for
cooperatives
Federal
intermediate
credit
banks
Federal
Deposit
Insurance
Corporation
Federal home
loan
Banks
ASSETS
Cash in banks f on hand , and In tzwifilt •••••••••
Fund bajancas with the n. S. Treasuiy y.
Jnrastmenta
Public debt aecurltlee (par value )
Securities of wholly omed Govt,, entsiprlsea.
Dnamortlaed premium, or discount (-)•••••••••
Other securities ...•,•••«
•••••••••
Advances to cctttractors and agents:
Govemasnt agencies
Other
Inventories
AUouance for losses (-)
Accounts and other receivables
Government agencies
••
,
Other (net)
lisans receivable:
Government agencies
Otter
AUowanoe for losses (-)
Acquired security or collateral (net)
land, structures, and equipment. ....•••*•.••••
Accumulated depreciation (-)
.•••••••••
Other assets (net)
L
128
29,306
189
49
1,279
61,740
12,942
i, 121 ,235
43,000
111,203
2,603,317
1,363,715
-16,076
5,000
17
-4I6
-10,300
-5,377
5,000
62
3
5
3
86,0i6
9,U3
34,851
7,369
5,753,092
-7,867
4,969
696,736
2,400
2,009,090
-6,911
23,085
18,666
983
-956
3,046,283
81
81
8,341
-1,321
-8U
i,867
538
-476
278
887
1,753
1,949
10,082,817
764,155
2,187,589
2,626,155
4,504,918
187
62,318
4
4,866
13
170
28,001
610
28,841
110
230
985,190
922
6,881
UABILIIIES
I
}
16,349
62
Total assets
:
107,Ui
U,538
Accounts and other payables:
Govemoent agencies
Other
Advances from:
Goveransct agencies
Other
Tiust and deposit liabilities:
Govemmsnt agencies
Other
Bonds , debentures , and notes payable
Goveznment agencies
Other Guaranteed by the United States
Hot guaranteed by the United States.
All other liabilities (including reserves)...
Total Uabilitles
130
12
985,584
13
150
7,369
2,400
4,969
4,672,420
163,694
484,400
488
1,930,885
1,719
160,963
523
5,891,702
492,184
1,965,7i6
162,083
3,271,689
1,226,962
202,478
40,524
1,429,440
68,025
53,692
121,717
197,027
94,838
102,189
2,564,648
55,418
45,159
2,464,072
2,464,072
:
2,257,135
SET DIVESTMENT
Private Interest:
Capital stock
Accumulated net income, or deficit (-).
Total private Interest
33,971
1,118,412
114,816
74,495
1,233,229
United States Interest:
Interest-bearing Investment:
Capital stock
Borrowings from the U. S. Treasury
Other
onlnterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund revenues (-)
,
Total Ihilted States Interest
2,761,675
150,255
147,348
Total liabilities and Investmsnt
10,082,817
764,155
,187,589
.••••.••*
197,027
2,564,648
94,838
55,418
102,189
45,159
2,464,072
Total U. S. Investment including interagency items.
Interagency Items:
Doe from Government agencleB (-)
Due to Government agencies..,..
2,761,675
150,255
147,348
2,464,072
-7,374
7,686
-4,972
2,416
-2,400
4,990
280
lotal D. S. investment excluding interagency items.
2,761,987
147,700
149,938
2,4b4,349
2,626,155"
2/
4,504,918
AHAgSIS OP DNITED STATES INTESTtENT
IDnlted States investment.....
lAcemulated net income, or deficit (-)
1/
2/
See Table 1 , footnote 1
The surplus is not available by law for dividend distribution and is
-3
considered by the Corporation as a reserve for future deposit insurance losses and related expenses with respect to insured banks.
Less than t500.
Treasury Bulletin
12»^
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYTE ACTIVITIES.
Section I - Statements of Flnancla 1 Condition
Table 6. Certain Trust Revolving Funds, Septemljer 30, 1962
(In thousands of dollars)
Agriculture
Department
Farmers Home
Administration.
Total
Account
'
V
State rural
rehabilitation
funds 2/
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:
Qovenunent agencies
Other
Allowance for losses (- )
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (- )
Other assets (net)
90A
205,143
303,061
25,619
-5,968
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
1
U,463
258
703
384
1
3,014
299
14,522
721
23,699 4/
-2,570
28
62,621
30
3,438,136
25,298
1,227
24,363
1
2
34,282
2,482,215
8,406
Total liabilities
NET INVESTMENT
Trust interest:
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-).
Total trust interest.
United States interest:
Interest-bearing investment:
Capita 1 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.
-3
45,616
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (Including reserves)..
Total liabilities and Investment.
1,083
3
2,871,487
-98,129
9,461
758
-210
Total assets
2,050
29,682
2.';',632
3,438,136
32
6
'
'
-
'
February 1961
125
.CORPORATIONS
MD
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, September 30, 1962
(Continued!
(in thousands of dollars)
General
Services
Administration
Account
National
Archives
trust 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:
Goverruaent agencies
Other
Allowance for losses (- )
Acquired security or collateral (net),,,.
Land, structures, and equipment
Accumulated depreciation (- )
Other assets (net)
2^8
7,A93
12
39
126
-21
it
17
^87
A87
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 (- )
Total United States interest
Total liabilities and investment
FooLnotea 1 through 6 on preceding page.
2/ Bepreaentfl purchase dlacounts,
Lees than $500.
57,620
25,619
NET INVESTMENT
Total trust interest
Secondary-
market
operations
-3
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 United States
Not guaranteed by the United States..
Other liabilities (including reserves)...
Trust interest:
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-).
Federal National
Mortgage Assoc.
102
Total assets
Total liabilities
Housing and Home
Finance Agency-
50A
185
Civil Service Commission
Employees
health
benefits
fund
Employees
life
insurance
fund
Retired
employees
health
benefits
fund
Federal
Communications
Commission
International
telecommunication
settlements
Treasury Bulletin
126
.CORPORATIONS AND CERTAIN OTHER BUSHJESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding September 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans V
(In thousands of dollars)
United States dollar loans
Type of loan and lendint^ agency
Total 2/
Public enterprise
revolving funds
To aid agriculture:
Loans to cooperative associations:
Farmers' Home Administration:
Direct loan account
Rural Electrification Administration
Crop, livestock, and commodity loans:
Commodity Credit Corporation
Farmers' Home Administration:
Direct loan account
Qnergency credit revolving fund
Virgin Islands Corporation
Storage facility and equipment loans:
Commodity Credit Corporation
Farm mortgage loans:
Fanners Home Administration:
Agricultural credit insurance fund
Direct loan account
Rural housing and other loans
Guaranteed loans held by lending agencies:
Commodity Credit Corporation
Other loans:
Farmers' Home Administration:
Direct loan account
Rural housing and other loans
14,741
1,390,738
1,390,738
2,214
76,360
2,214
76,360
5
5
71 ,261
71 ,261
'
38,712
297,818
371 ,631
Total to aid agriculture
To aid home ovmers:
Mortgage loans:
Federal Housing Administration
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Federal Savings and Loan Insurance Corporation
Housing and Home Finance Administrator:
Community disposal operations fxind
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project
Public Housing Administration
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty revolving fund
Other loans:
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty revolving fund
Total to aid home owners
To aid industry:
Loans to railroads:
Expansion of defense production:
Treasury Department
Other purposes:
Interstate Commerce Commission
Treasury Department:
Reconstruction Finance Corporation liquidation fund
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund
Maritime Administration
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guaranties:
Air Force Department
Army Department
Kavy Department
Other purposes:
Commerce Department:
Area Redevelopment Administration:
Area redevelopment fund
Inland Waterways Corporation (in liquidation)
General Services Administration:
Reconstruction Finance Corporation liquidation fund
Footnotes at end of table.
14,741
3,562,780
301 ,488
,375,093
,885,218
42,898
3,824
164
331
1,349,481
4,228
10,840
443,877
5,4l7,ai
12,540
14,676
5,285
3,794
113,464
11,931
105,634
4,702
2,343
5,073
2,870
4,375
Certain other
activities
Foreign
currency
loans ^^
February 1961
127
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITrES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding September 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) i/
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Total 2/
To aid industry (Continued):
Other loans (Continued):
Other purposes (Continued):
Housing and Home Finance Administrator:
Liquidating programs
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Office of Minerals Exploration
Virgin Islands Corporation
Small Business Administration:
Revolving fund (lending operations)
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation fund.
i,183
7,134
1,833
42
^
Total to aid industry
To aid education:
Health, Education, and Welfare Department:
Loans to institutions and nonprofit schools
Loans to students in institutions of higher education
Loans to students (World War II )
Housing and Home Finance Administrator:
College housing loans
^
^
Total to aid education
-0
aid States, Territories, etc.:
Commerce Department:
Area Redevelopment Administration:
Area redevelopment fund
general Services Administration:
Public Works Administration (in liquidation)
Health, education, and Welfare Department:
Public Health Service
Housing and Home Finance Administrator:
Public facility loans
Liquidating programs
Urban renewal fund
Interior Department:
Bureau of Reclamation '2J
Office of Territories:
Alaska public works
National Capital Planning Commission
Public Housing Administration
Treasury Department:
Miscellaneous loans and certain other assets
^
83
,
,
61,898
680
-
,
,
,
80,373
7,3i8
U7,723
52,317 6/
,
18,210
^
Total to aid States, Territories, etc
"oreif^r-
I
359
120,i59
75,
,
7U
565, l^i
loans:
Expansion of defense production:
Export-Import Bank of Washington
''ilitary assistance credit sales:
Defense Department:
Air Force Department
Amy Department
Navy Department
Other purposes:
Agency for International Development:
Development loans
Development loan fund liquidation account
Loans to United States firms and domestic or foreign
firms in foreign countries
All other loans
Commerce Department:
Maritime Administration
Export-Import Bank of Washington:
Regular lending activities
Agent for certain Mutual Security Act loans
Treasury Department;
Miscellaneous loans and certain other assets
Total foreign loans
32
,
,
,
,
,
17,795
29,87i
129,97i
169,186
192,8i5
,
,
,
,
1,453,074
8,765
3,545,828
144,505
3,266,011
8,957,387
Public enterprise
revolving funds
4,183
Certain other
activities
Foreign
currency
loans 2/
Treasury Bulletin
12S
.CORPORATIONS AKD CERTAIN OTHER BUSINESS-TrFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding September 30, 1962, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Cent Inued) i/
HH-3
(In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Other loans:
General Services Administration:
Surplus property credit sales and liquidation activities,
Housing and Home Finance Administrator:
Housing for the elderly
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Loans for Indian assistance
Revolving fund for loans
Office of Territories:
Loans to private trading enterprises
Public Housing Administration
Small Business Administration:
Revolving fund {lending operations)
State Department:
Loan to United Nations
Qnergency loans to individuals
Treasury Department:
Federal Farm Mortgage Corporation liquidation fund
Miscellaneous loans and certain other assets
Veterans' Administration:
Insurance appropriations policy loans
Service-disabled veterans' insurance fund
Soldiers and sailors civil relief
Veterans special term insurance fund
Vocational rehabilitation revolving fund
Public enterprise
revolving funds
Total 2/
6,938
7,270
6,938
7,270
21
21
13,323
13,323
1U
1U
432
432
75,63i
75,634
^
'
34
1,094
73
108,071
147,629
24,303,016
14,573,773
9,729,242
350,959
Total loans of agencies submitting financial statements on a
quarterly basis as shown in Table 1
23,952,056
2/
2/
810
2,268
255,700
Deduct:
Loans of agencies submitting financial statements
on an annual basis (see footnote 5)
1/
100
810
2,268
3i
1,09i
73
'
Total loans
860
860
100
'
Total other loans
42,500
637
i2,500
637
^
Includes pirchase money mortgages, mortgages purchased from insured
lending institutions to prevent default, and similar long-term paper
held by the agencies which are now classified as loans receivable.
Prior to June 30, I960, these assets had been classified as accounts
and notes receivable or other assets.
Does not include foreign currency loans.
The dollar equivalents of these loans are computed for reporting purposes at varying rates. Where the loan agreements stipulate a dollar
denominated figure, the loans outstanding are generally valued at
agreement rates of exchange. Loans executed in units of foreign currency are valued at the market rates (i.e., the rates of exchange at
Foreign
currency
loans 3y
103,561
103,561
^
Certain other
activities
3,115,828
350,959
14,573,773
4/
6/
2/
8/
9,378,283
3,115,8.-;
which Treasury sells such currencies to Government agencies).
Includes certificates of interest.
This Agency submits financial statements annually as of June 30, pursuant to Supplement No. 1 to Department Circular No. 966, A complete
balance sheet as of September 30, 1962, was not submitted, but the
outstanding loans of this Agency were reported to Treasury and are
shown on this line.
As of June 30, 1962, the latest available.
Public enterprise revolving fund.
Certain other activity.
2
.
FebTuary 1961
129
.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)
To aid agriculture
Total
End of
period
Agricultural
credit
corporations
20, 547.5
21, 812.9
22, 893.4
27, 510.7
29, 568.3
31, 527.1
36, 154.9
3,773.3
3,674.7
4,058.2
4,996.6
6,389.1
6,361.7
6,789.6
6,827.5
6,913.4
8,489.7
7,797.5
8,428.3
9,793.0
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
1,697.8
1,832.2
1,998.6
1,659.0
1,958.8
2,174.3
2,333.3
2,467.9
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
3,748.2
3,974.4
4,231.0
1,003.1
408.6
437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
1,360.7
1,532.3
2,272.6
515.9
530.1
549.6
588.8
647.2
634.1
275.3
13,413.2
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
34,849.2
3,884.1
4,161.3
5,070.3
6,810.5
6,929.2
6,715.4
6,785.4
6,681.1
8,684.9
7,762.5
8,299.5
9,453.1
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
1,396.4
1,502.0
1,651.2
1,892.5
2,171.5
2,341.1
2,468.6
2,589.6
2,721.7
2,954.1
3,152.0
3,394.2
3,715.4
3,948.3
4,168.0
31,393.9
32,771.3
35,854.9
36,043.4
8,817.3
8,780.7
10,253.9
9,422.7
1,626.6
1,844.2
1,765.5
2,015.1
4,006.7
4,066.9
4,231.3
4,267.8
12, 771.7
13, 689.4
16 066.0
17, 863.4
18, 743.8
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
Farm
mortgage
Total
to aid
agriculture
1/
Fiscal years:
1950
I
To
Crop, livestock, and
connrodity
loans 2/
19,.420.5
Cooperative
associations
a
id home owners
Total
to aid
home
owners
Other
Mortgage
loans
25.0
1,315.7
1,809.4
2,387.4
504.5
558.5
661.6
21.6
25.5
30.9
34.2
39.5
44.6
392.5
448.2
447.3
452.0
486.1
530.9
629.1
2,814.4
3,094.8
3,377.7
4,380.5
4,628.2
5,872.7
7,563.6
7,763.2
8,340.6
1,290.7
1,309.1
2,387.3
2,914.1
2,314.2
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
7,247.0
7,371.9
7,874.2
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
2,441.6
1,840.7
3,333.9
1,752.8
1,871.3
2,486.2
508.8
517.1
566.7
597.6
623.7
596.4
289.8
357.5
399.5
484.3
530.4
608.5
23.4
30.9
37.3
38.4
49.2
41.2
366.2
401.9
396.7
413.5
447.5
539.2
1,528.1
2,141.6
2,603.3
2,930.0
2,906.8
3,204.4
3,771.4
4,768.6
4,860.3
6,735.1
8,032.2
8,243.3
1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 2/
3,683.1
4,642.0
4,671.8
6,462.1
7,679.1
7,307.9
83.3 i/
126.6
188.5
273.0
353.1
440.4
2,121.9
1,731.0
2,985.9
1,772.6
537.2
590.4
636.1
726.2
524.9
548.2
635.1
641.1
7,948.3
7,903.9
8,456.9
8,265.2
7,580.7
7,488.8
7,993.7
7,810.5
367.6
415.1
463.2
454.7
3U.2
359.2
454.0
2,9U.2
.3
.1
.1
.1
.2
74.9 i/
104.5
154.7
231.1
316.6
391.3
466.4
Talendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1953
1959
1960
1961
Current quarters:
1961-March
September
1962-March
September
31.
30.
31.
30.
To aid financial institutions
To aid industry
End of
period
Total
Loans to
to aid
railroads
industry
Ship
mortgage
loans
Other
Total to
aid financial
institutions
Banks
Insurance
companies
Mortgage
loan
companies
To aid
education
437.4
810.7
647.9
713.9
671.4
1,013.5
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
2,767.1
1.
1.
To aid
States,
Territories,
Foreign
loans
3.0
.3
.1
.1
.2
.3
other
loans
etc.
Fiscal years:
I
\
I
y
!
I
(
'
,i
l|
1,
W50
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
alendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1953
1959
1960
1961
628.0
603.1
549.4
614.6
426.7
438.5
626.9
639.6
654.2
716.8
753.6
727.7
876.1
113.0
104.7
85.2
78.6
11.9
12.7
12.7
12.3
3.0
568.0
589.1
597.6
587.8
431.3
678.3
619.3
673.9
679.9
732.3
748.0
797.9
109.9
100.7
81.9
79.0
11.5
11.2
12.5
10.3
7.8
7.4
7.0
32.7
737.4
748.3
846.3
892.0
6.9
18.3
32.6
32.5
7.5
7.2
6.7
32.8
6/
7/
221.0
218.6
191.0
173.8
155.2
136.8
120.7
515.0
498.4
464.2
535.9
414.7
425.8
393.2
408.6
455.2
535.5
591.3
58,.
722.5
458.1
483.5
515.7
508.8
419.8
406.5
453.6
824.5
653.0
718.5
677.9
1,019.2
1,130.6
1,086.6
933.7
1,538.9
1,801.5
1,915.6
2,768.2
186.6
165.7
151.4
128.2
435.5
559.7
589.6
637.0
824.3
814.2
364.5
951.8
869.8
1,419.0
1,235.5
1,272.3
1,300.6
2,136.1
2,027.3
2,708.3
139.1
133.5
123.9
117.3
591.4
596.5
689.9
742.2
1,525.2
2,170.4
2,197.2
3,047.3
6/
2/
260.7
219.3
216.8
387.5
U6.9
2.6
.1
.1
*
2.8
2.2
7.2
13.6
13.7
5.1
4.5
3.7
3.4
7.2
4.2
1.8
31.7
46.1
1.1
1.
15.
50.
31.
113.
209.8
374.9
585.7
830.4
1,088.8
1,393.5
6,116.3
6,151.1
7,617.0
7,793.4
7,964.8
8,032.4
8,171.6
8,300.2
9,046.2
9,924.7
10,266.8
10,991.2
12,196.3
72.3
205.9
209.5
259.1
6,077.8
6,110.3
7,736.2
8,042.6
8,000.5
7,988.3
8,223.5
8,753.7
9,509.7
9,840.0
10,483.6
11,753.9
61.6
65.1
68.4
89.0
100.4
164.4
63.1
67.6
72.0
69.5
204.2
230.8
10,761.3
11,337.2
12,092.1
12,073.7
206.1
210.5
236.9
255.7
46.1
310.2
800.7
859.6
947.2
863.8
1,412.4
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
2,662.2
147.3
274.4
450.4
682.8
958.6
1,233.9
468.0
712.3
1,020.2
644.6
271.7
244.9
246.0
264.0
293.4
318.8
369.1
423.1
43.5
46.1
46.1
1.0
1,476.6
2,124.3
2,151.1
3,046.3
1,025.2
1,184.1
1,303.8
1,521.6
373.1
436.2
467.8
565.2
2,
3.
7.
7,
2,
1,
46.
14.0
13.4
4.9
4.5
3.7
3.1
1.2
1.1
6.3
29.7
65.6
91.6
60.7
64.6
66.5
72.9
88.4
136.9
61.1
125.7
71.9
422.9
560.9
732.5
732.7
332.3
255.2
226.8
243.0
270.9
310.0
348.9
402.8
528.1
Current quarters:
1961-lferch
31.
September
1962-March
September
31
30.
Footnotes on page
30.
13^:
Treasury Bulletin
130
.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)
Agriculture Department
Total
1/
End of period
Fiscal years:
1950
,
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
,
1961
1962
,
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
,
,
,
,
1961
,
Current quarters:
1961-Mar.
W.
Sept.
1962-Mar.
Sept.
Agency
for
International
Development 8/
30.
31.
30.
12,771.7 16/
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
36,154.9
1,457.2
1,529.7
1,543.5
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
3,263.1
3,655.5
5,027.1
13,413.2 16/
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
34,849.2
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
4,433.1
31,393.9
32,771.3
35,854.9
36,043.4
3,531.7
3,737.3
4,686.5
4,930.9
Development
loan
fund 2/
Commodity
Credit
Corporation
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
4/
1.5
67.0
262.1
513.5
1,34''.0
1,522.8
2,254.9
4/
4/
5.9
159.3
378.8
434.9
570.8
End of period
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
Management and
liquidating
1,055,6
1,578,9
2,068.1
2,497.8
2,301.2
2,584.5
2,495.6
2,356.5
2,218.5
2,030.4
1,726,5
1961
1,587,1
1962
1,416,6
Secondary
market
Special
assistance
9.1
233.4
1,248,1
1,393,6
1,573,8
2,600,5
2,522.3
2,871.3
.4
24.6
164.2
1,211.1
1,690.1
1,828.8
1,907.6
Rural
Electrification
Administration
1,6U.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
3.524.6
276.1
270.4
235.0
208.0
179.1
152.3
130.2
841.8
915.9
983.9
1,139.9
2,687.6
2,874.4
3,082.7
3,287.3
3,458.4
260.7
276.5
265.4
226.3
195.2
171.3
141.3
2,114.4
1,729.9
2,980.6
1,765.2
1,081.1
1,151.9
1,289.4
1,388.9
3,329.1
3,409.0
3,489.5
3,562.8
156.4
147.6
134.9
126.0
.
Public
Housing
Administration
w
320.7
464.1
623.7
634.9
252,2
99,5
90,1
94.2
91.3
89.1
93.1
97.5
97.1
648.1
700.5
681.3
757.6
832.1
prod.
RFC (in
liquidation)
Expansion of
defense
11/
prod.
11.9
14.5
16.9
18.8
14.6
14.3
13.3
12.3
202.1
116.6
70.4
Other
12/
151.2
170.9
185.4
180.2
181.7
169.4
162.9
121.6
121.3
3,780.1
3,779.6
3,742.3
3,695.9
3,651.1
3,601.0
3,555.2
3,509.5
3,522.5
3,470.5
3,406.2
3,369.4
3,348.7
5.1
8.9
11.0
13.2
15.8
18.0
14.7
14.3
13.6
12.7
209.1
143.2
89.4
146.8
162.6
185.8
178.6
177.5
176.3
164.9
161.7
126.5
158.7
131.2
124.9
118.2
13.4
1
J.O
12.5
11.9
507,1
557,5
469,9
406.3
353.3
318.8
3,356.7
3,362.8
3,338.5
3,351.3
.
521
694
324.7
1,«4.9
1,228.7
1,343.2
78.3
106.8
156.8
231.8
315.6
388.5
461,0
.1
,4
13.1
22.3
30.3
36.5
32.4
28.4
24.4
15.1
2,233.3
2,321.6
2,388.9
2,547.0
2,761.8
2,773
2,631
2,630
3,061
245.1
312.1
343.1
324.3
309.2
321.7
349.1
334.3
410.0
525.9
553.1
596.7
52.9
39.7
29.3
21.6
15.9
11.6
3,486
3,268
3,414
3,712.2
693.4
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
3,893.3
345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
622.9
650.1
697.1
45.5
34.0
24,9
18,4
13.4
11.6
3,370.9
3,627.0
3,936.8
3,690.3
667.0
645.7
728.7
696.7
2.2
1.5
3.9
2,2
574.2
754.1
865.7
442,8
816,2
652,7
718,3
823.8
773.9
846.6
897.7
996.5
1,227.0
1,547.4
1,697.8
1,830.9
1,998,1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
2,767.1
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
1,651.2
316.0
8O5.9
864.2
951.6
867.5
1,416.8
1,228.2
1,265.2
1,293.3
2,134.3
1,930.8
2,662.2
1,625.7
1,844,2
1,765,5
2,009,1
1,476.6
2,124.3
2,151.1
3,046.3
675.1
Federal
of the
Housing
Adminis- Adminis-
trator
81.1
79.9
162.7
165.9
173.7
,1
26.1
87.1
40.5
42.2
78.2
192.2
264.3
352.4
356.7
86.7
85.9
84.9
83.8
82.6
81.5
80.3
79.1
tration
15/
32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
905.4
1,116.8
1,433.1
87.2
23.2
32.5
37.4
43.9
56,6
166,7
202,2
291,8
20.2
29.5
35.0
40.5
48.3
67.4
163.1
165,5
570.1
835.1
1,007.7
1,243.3
183.3
236.2
163,4
167,4
163,4
166,0
1,056.0
1,184.9
1,304.6
1,527.4
190.3
217.3
256.3
301.5
Export-Import Bank i^rm Credit Administration
Fed, Home
of Washington
Loan Bank
Federal Board
Federal
Banks
Loan
ExpaninterFarm
Direct
for
guaranty
sion of
Mortgage mediate Fed home
loan
Other
cooperrevolving defense
Corporacredit
program
atives
loan
fund 12/
prod.
tion 20/ banks
banks
6.9
17.2
28.3
39,5
50,3
60,5
Office
86.8
86.5
85.6
84.5
83.4
82.3
Veterans'
Administration
59.4
132.3
207.4
298
370
433
Housing and Home
Finance Agency
89.1
87.1
779.6
779.6
697.0
651.6
604.2
552.9
6,'
6/
6/
2/
General
Services
Administration
li/
iV
7.0
10.1
1,543.0
1,742.1
1,919.7
2,096.0
2,225.8
2,348.0
2,488.2
535.4
538.
596,
Expansion of
defense
6/
6/
6/
7/
1,412.7
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
1,322.0
Treasury Department
Interior
Dept.
Maritime
activities
397.8
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
2,506.5
Housing and Home Finance Agency-(Cont
Federal National
Mortgage Association 17/
Flarmers
Home
Administration
10/
Commerce
Dept.
ReconSmall
strucBusiness
tion
Other
AdminFinance
22/
straCorp.
tion
I
11/21/
945.9
809.6
716.2
775.9
379.6
29.4
31.2
2,2
34.9
85.1
154.8
245.5
346.6
393.7
466.0
644-7
41.1
35.1
40.1
28.6
31.8
35.1
38.3
78.4
307.6
367.7
602.6
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
Current quarters:
1961-Mar.
31.
Sept. 30.
1962-Mar.
31..
Sept.
30..
1,346
1,849
2,241
2,461
2,461
2,555
2,417,8
2,289.9
2,124.3
1,949.5
1,659.5
1,507.9
85,7
648,7
1,635.8
1,380.7
2,049.8
2,903.0
2,871.9
1,626.4
1,551.3
1,467.6
1,375.1
2,769.8
2,605.6
3,022.5
2,847.8
Footnotes on page 132.
369.3
609.3
11,0
22,7
33,7
5U.5
112.7
164.0
257.1
U,2
7.9
5.6
72.2
418.6
1,568.4
1,779.1
1,881.2
113.2
92.9
106.0
105.4
95.9
87.4
99.3
95.4
328.6
412.8
463.8
640.4
745.6
893.8
1,146,7
1,309,3
55.6
68.2
91.2
129.2
190.0
272.3
351.3
436.5
19,8
23.5
38.2
1,799.7
1,856.3
1,904.1
1,885.2
95.7
111.2
102.7
121.2
1,190,4
1,256,2
1,342,2
1,360.3
365.3
411.9
458.7
19.5
12.9
5.2
922.4
448.1
.2
34.4
30.4
26.4
22.3
8.0
2.2
816.0
771.1
762.8
589,5
26.3
54.1
115.6
202.9
292.8
370.8
427.5
539.5
433.7
487.4
597.1
663.9
27.7
36.2
36.4
41.6
34,6
30.3
30.9
42.0
31.9
34.0
346.2
513.1
364.8
412.5
591.3
649.2
.
.
..
February 1961
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE AC TIVIT IES.
Footnotes to Table
iy
2/
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 fionds 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.
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
$^,538,688 thousand in dollar equivalent. These currencies acquired
primarily without the payment of dollars, were generated under
various Government programs, principally the Agricultural Trade
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 lOi (e) of the Agricultural Trade Development and Assistance Act of 1954, as amended,
are stated at the rates as of September 30, 1962, 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. Currencies that are dollar denominated or guaranteed as
to rate of exchange, are stated at rates specified in the agreements.
Less than $500,
Footnotes to Table 2
1/
2/
2/
4/
5/
6/
7/
Includes operating and administrative expenses funds,
See Table 1, footnote 1.
Includes guaranteed loans and certificates of interest aggregating
$303,247 thousand which are held by lending agencies.
Foreign currency assets are included throughout the table. See Table
1, footnote 2.
Represents dollar equivalents of foreign currencies credited with the
United States Treasury.
Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed and insured loans 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
Activity
(In thousands
of dollars)
Agriculture Department:
Farmers' Home Administration:
Agricultural credit insurance fund
347,508
Commerce Department:
Federal ship mortgage insurance fund
395,847
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund (June 30, 1962)
842,887
Federal Housing Administration
38,944,693
Public Housing Administration:
Local housing authority bonds and notes
3,261,164
Local housing authority temporary notes
916,405
Veterans' Administration:
Loan guaranty revolving fund (June 30, 1962)
16,119,300
Export-Import Bank of Washington:
Regular lending activities
348,261
Interstate Commerce Commission (Jime 30, 1962)
148,706
Small Business Administration:
Revolving fund (June 30, 1962)
28,432
Defense production guaranties (various agencies) (June
30, 1962)
99,196
The authority of the Wherry Act housing fund, formerly shown under
8/
2/
10/
IM/
12/
13/
14/
1^
16/
17/
18/
19/
20/
21/
»
this heading, was repealed by the Military Construction Act of 1962
(76 Stat. 237), and its unexpended balances were transferred to a new
Defense family housing management account established by the act.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
Figures are as of October 12, 1962. The assets and liabilities of
this fund exclude resources on order of $178,840 thousand as reported
by the Post Office Department.
Valued at cost, estimated if not known. Land includes sites held for
resale to prospective lessors for which $25,328 thousand has been
paid or obligated,
Liabilities do not Include:
(1) undetermined amounts of postage in
the hands of the public which have been accounted for as revenue
when sold, and (2) the following types of contingent and future obligations:
contingent liabilities for cases pending before the Civil
Aeronautics Board and for pending suits and damage claims, and commitments iinder long-term leases.
Represents equity of the United States Treasury in this fund.
Represents purchase money mortgages formerly classified as other
assets (see footnote 1 at end of Table 7),
Represents purchase discoiints.
Includes reserves and unrealized equity in the assets of the Defense
Homes Corporation which are being liquidated by the Association.
Represents transfers to the loan guaranty revolving fund of $206,871
thousand made pursuant to acts approved August 17, 1961 (75 Stat,
358) and February 13, 1962 (76 Stat. 8), less accumulated net income
of $104,805 thousand.
Figures in this colunm include the assets and liabilities of the
Reconstruction Finance Corporation liquidation fund, formerly shown
separately under this heading.
Includes $15,000 thousand representing investments in other than
Treasury and Federal agency securities.
Represents accrued interest expense on borrowings from the United
States Treasury Department on which payment has been deferred.
Includes primary and secondary reserves of $639,400 thousand. The
secondary reserve is available for losses only if the primary reserve
is insufficient.
Consists of net income from power operations of $609,502 thousand and
net expense of nonrevenue-producing programs of $249,563 thousand.
Less than $500.
Footnotes to Table 3
1/
2/
See Table 1 , footnote 1
Consists mainly of capital of the Defense Department stock funds,
representing appropriations and reappropriations, capitalization of
assets, and accumulated net income or deficit. Figures for each of
the three accounts were not shown separately on reports submitted
by the Department.
2/
Excludes capital property such as land, structures, and equipment
Office of the Secretary, $4,805 thousand; Air Force,
$1,267,459 thousand; Army, $1,514,807 thousand; and Navy, $2,710,305
thousand
Represents capital of the fund (see footnote 2).
Less than $500.
as follows:
4/
»
Footnotes to Table 4
V
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 195A» as amended
H
2/
Represents rural housing and other loans, and salaries and expenses.
Included on a quarterly basis beginning September 30, 1962.
Consists of military assistance credit sales receivables of the Air
Force, Army, and Navy Departments.
See Table 1 , footnote 1
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
Foreign currency assets are included throughout the table (see
table 1 footnote 2)
These amounts reflect changes in treatment accorded collections of
interest as deposits to general and special accounts instead of being
netted against accumulated net income.
Represents interest on invested capital.
Includes the United States Study Commission - Texas which has been
transferred to the Treasury Department for liquidation.
(7 U.S.C.
4/
5/
6/
2/
8/
10/
n/
1704 (e)).
^}/
H/
.
,
2/
12/
15/
16/
17/
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic and
critical materials.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Includes stock of the International BEink for Reconstruction and
Development amounting to $635,000 thousand; ajid subscriptions to the
International Monetary Fund, the International Finsmce Corporation,
the Inter-American Dtvelopment Bank, and the International Development Association amounting to $4»125,000 thousand; $35,168 thousand,
$190,000 thousand, and $135,323 thousand, respectively.
Includes $200,371 thousand due under the agreement with Germany dated
February 27, 1953, $4.90,000 thousand due under the agreement with
Japan dated January 9, 1962, and lend-lease and surplus property
balances due the United States in the principal amount of $1,4.26,968
thousand
Includes loan to the United Kingdom amounting to $3,260,4^5 thousand
outstanding.
See Table 2, footnote 6. * Less than $500.
Treasury Bulletin
132
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 8
1/
2/
2/
4/
5/
6/
7/
8/
2/
10/
11/
12/
VJ/
Table 8 relates to all loan programs of Government anencies. It ineludes 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), Pursuant to an amendment issued June 23, I960, to
Department Circular No. 966, Table 8 now includes purchase money mortgages, mortgages purchased from Insured lending institutions to prevent
default, and similar long-term paper (see footnote 1 at end of Table 7).
Includes guaranteed loans held by lending agencies.
The 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 ouners thereafter (see footnote 19).
Figures representing loans made by the Agency for International Development (formerly International Cooperation Administration) prior to
1952 are not available at this time,
Includes guaranteed loans held by lending agencies through December
31, 1958, and the loan to the United Kingdom.
Reports on maritime activities were not received by the United States
Treasury Department during the period from March 31 » 19i7, through
March 31, 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 and thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date, certain mortgage notes are classified as mortgage loans.
This Agency was established in the Department of State, and the International Cooperation Administration and the development loan fiind were
abolished on November 3, 1961, pursuant to the act approved September
i, I96I (75 Stat. ^45), and Executive Order No. 10973 dated November 3,
1961. Loans of the abolished agencies were transferred to this Agency
and a new fund for development loans was established. Data for
earlier periods are for predecessor agencies.
This fund was abolished on November 3, 1961 (see footnote 8).
Consists of the emergency credit revolving fund, the agricultural
credit insurance fund (formerly the disaster loans, etc., revolving
fund and the farm tenant mortgage insurance fund, respectively); the
farm housing and other loan programs; the State rural rehabilitation
funds beginning June 30, 1956; and the direct loan account beginning
December 31, 1961. Prior to June 30, 1956, and December V, 1961,
loans of the agricultural credit insurance fund and the direct loan
account, respectively, were included in the statements of financial
condition of the nonrevolving fund loan programs.
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 ^09 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 P]an 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 Jxine
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.
Consists of the loan to the United Kingdom and other miscellaneous
loans. Federal civil defense loans beginning December 31, 1953, loans
of the Reconstruction Finance Corporation liquidation fund beginning
December 31, 1957 (see footnote 11), and loans of the Federal Farm
Mortgage Corporation liquidation fund beginning December 31, 1961 (see
footnote 20).
Figures through December 31, 1959, consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, I960,
include also: loans of Federal Facilities Corporation (this Corporation was dissolved September 30, 1961, pursuant to the act of August 30, 1961 (75 Stat. 419), and the loans are being liquidated by the
Administrator of General Services), 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.
H/
15/
16/
Figure for Jime 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 (42 U.S.C. 1452 (a));
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
1954 approved August 2, 1954 (40 U.S.C. 462); beginning December 31,
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, I960, through September 30,
1962, 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 I4, 1956; and beginning September 30, 1961, loans for housing for the elderly authorized
by the Housing Act of 1959, as amended (12 U.S.C. 1701q).
From June 30, 1956, through March 31, I960, 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, I960, are included in this table
(see footnote 1 at end of Table 7).
Totals include loans of Home Owners Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December 31,
'
1950.
17/
The Federal National Mortgage Association Charter Act approved August
2, 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.
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 14)
1^ The Veterans' Administration loan guaranty program was converted to
a revolving fund effective July 1, 1961, pursuant to the act approved
July 14, I960 (74 Stat. 533).
20/ From June 30, 1956, through March 31, I960, 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 from June 30, I960, through September
30, I96I, were included in this column. On October 4, 1961, this
Corporation was abolished pursuant to the act approved October 4,
1961 (75 St&t. 773), and its remaining assets were transferred to the
Secretary of the Treasury for liquidation.
21/ Figures include loans for expansion of defense production from June
30, 1951, through June 30, 1953, and Federal civil defense loans as
of June 30, 1953 (see footnote 11).
22/ 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, 1962; Federal Savings and
Loan Insurance Corporation and Defense Department (military assistance
credit sales) beginning Jxtne 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 Array beginning
June 30, 1951, Navy beginning December 31, 1951, and Air Force beginning June 30, 1956, and the General Services Administration as of
December 31, 1959.
» Less than $50,000.
February 196}
133
.CDMULATIVE TABLE OF CONTENTS,
March 1962 through February 1963
Issue and page number
1963
1962
Reporting bases.
May
Mar.
Apr,
II
II
A-1
A-1
A-1
1
1
1
June
July
Aug.
Sept.
Oct.
Jan.
Nov,
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
II
Articles:
Treasury financing operations.
Summary of Federal fiscal operations.
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Detail of excise tax receipts
2
2
3
3
4
4
5
5
6
6
7
7
8
8
10
10
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities....
Net redemption or sale of obligations of Government agencies in
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
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, 1962)
9
9
10
11
9
9
9
9
9
10
11
10
11
13
13
12
12
10
10
12
13
14
11
12
13
13
15
13
14
14
15
16
16
16
14
15
10
10
11
12
12
13
14
12
12
15
13
13
16
9
9
9
9
10
11
10
10
11
12
12
13
14
15
15
16
13
11
12
14
15
15
16
10
10
11
17
17
17
18
18
18
19
Cash income and outgo:
Summary of Federal Government cash transactions with the public....
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,
and reconciliation to transactions through Treasurer's account.,..
Summary of cash transactions through Treasurer's account
15
15
16
15
15
19
17
15
20
17
16
16
20
18
16
21
18
16
17
17
16
17
17
21
22
23
19
17
18
19
22
23
24
19
17
20
20
18
19
24
26
22
24
20
25
27
22
24
20
22
16
17
17
21
18
15
18
23
20
18
13
15
15
20
20
20
21
25
26
20
21
21
21
27
28
25
26
23
24
28
29
25
26
23
24
22
22
23
22
22
23
27
27
28
22
22
23
22
22
23
29
29
30
27
27
28
25
25
26
30
30
31
27
27
28
25
25
26
23
2A
25
23
24
25
28
29
23
24
30
31
28
29
25
32
30
26
27
28
31
32
33
28
29
30
26
30
23
24
25
26
26
31
26
26
33
31
29
34
31
29
27
27
32
27
34
32
30
35
32
30
28
30
28
30
28
30
28
30
35
37
33
35
31
33
32
32
33
35
37
32
32
39
37
31
33
35
34
34
40
35
35
42
16
17
17
15
22
22
21
21
22
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
Debt outstanding :
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S, Government investment accounts.
Treasury holdings of secxirities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
Statutory debt limitation.
27
28
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable secxirltles other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills.,,.
Disposition of matured public marketable securities other than
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
Sales and redemptions by denominations. Series E and H combined.
Sales by States, Series E and H combined
36
33
35
35
38
40
37
40
38
43
40
39
40
40
46
41
41
48
46
U
49
46
46
44
44
50
45
45
52
50
48
53
50
50
51
51
52
54
51
51
52
54
57
52
52
53
55
52
52
53
55
59
59
57
57
58
60
55
55
56
60
60
57
57
61
58
58
63
64
60
57
57
58
60
(Continued on following page)
57
58
60
61
60
62
63
64
Treasury Bulletin
13"^
.CUMULATIVE TABLE OF CONTENTS.
March 1962 through February 1963
-
(Continued)
•v*m»
Treas.
HJ
U.S. Treasury Dept.
10
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Treasury Bulletin
1963
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