Full text of Treasury Bulletin : January 1947
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TREASURY DEPARTMENT
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TREASURY DEPARTMENT
UNITED 5 THTES TREHSU RV DEPnRTMENT
DFFICE DF THE
SECRETRRV
January 1947
Table of Ctontents
Page
Cumulative table of contents
Articles:
A prosperouB America of tomorrow (speech by the SecretaiTy
of the Treasury)
11
A-1
Other speeches by Treasury officials
A-J
Treasury market financing
A-!*-
Corporation Income and taxable excess profits tax returns
for 13^-!,
A-7
Statistical section:
Summary of fiscal statistics
Receipts and expenditures and appropriations
1
\
General fund of the Treasury
l6
Public debt and guaranteed obligations of the United
States Oovernment
19
Ownership of United States aovernment securities
46
Prices and yields of Oovernment securities (Including
securities Issued by Federal agencies)
^'^
Corporations and certain other agencies of the United
States Oovernment
6l
Internal revenue statistics
72
Monetary statistics
77
Capital movements between the United States and foreign
countries and net position In foreign currencies
82
Note;
In those tables where figures have been rounded to a
specified unit, all calculations (Including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
11
Cumulative Table of Contents
Treasury Bulletin
January 1947
111
Cumulative Table of Contents
-
(Continued)
leeiie and pago
19U7
number
191*6
Oct. Sept.
Aug. July
June
Dec.
Not.
8^
8
8.9
8
8-9
8
8-9
9
9-10
8-9
8-9
8-9
Trust aocounta, etc., receipta and expenditures
10
10
10
10
11
10
10
10
Means of financing cash requlreonenta
u
u
il
11
12
11
11
Haj
Feb
Apr.
ViBT.
8-9
8.9
8-9
8.9
10
10
10
10
n
u
11
11
11
12
13
13
12
12
13
13
12
13
13
lU
Ik
ll>
lU
Ik
11.
lU
111
11.
II.
Summary of fiscal statlstloB
Budgetary receipta and expenditures
Public debt and guaranteed obligations cutatandlng.
Meane of financing oaah requlrvaenta
Recelptfl and expenditures and approprlatlona
Budgetary receipta and expenditures:
Changee in claaeiflcatlon of expenditures In Treasury reporta effectlTe July 1
191*6
,
SuBiBary bj vajor claself Icatlona
AnaJjrala of receipts frcn Internal rerenue
Analgrsia of general expenditures
Analysis of expenditures for war actiTltles
Analysis of expenditures for (l) rerolTlng funds and (2) tranafere to
trust accounts etc
Analysis of expenditures of GorertaBent corporatione (vbolly ownad),
,
etc., (net)
Total budgetary receipts and expenditures, by aontfas, for recent years.
Social security program:
Budgetary recelpte and expenditures:
Socled Security Act
Ballroad Retlreaent Act
Railroad UnomployiBent Insurance Act
Stataaent of trust accounts:
Federal Old-Age and Surrlrors Insurance Trust Fund
Railroad Retirement Account
Quo^iloyBent Trust Fund
Appropriations and net contract autborltatlooa for the war actlTlties
......>.*..
program
•.••.•
....•
13
13
lU
lU
15-16 15-16 15-16 15-16 15-16 15-16 15-16
Cash Inccae and outgo of the Treas\a7:
An&lyela by major claself Icatlons
Total c«.ah income and outgo by months and calendar years beginning with
Janus J 19to
17
17
17
17
17
17
17
17
17
17
17
17
17
17
General Fund of the Treasury
Assets, liabilities, and balance In general
fmd
19
Analysis of changes In balance of general fund
20
Public debt and j^uaranteed obllgatlone of United States Government
Public debt and guaranteed obligations:
Detailed statement:
Fiscal years 1936-19'*5
Fiscal years 1937-19W
Monthly data
Chart
Special issues
Guaranteed obligations held by the Treaauiy
Conqnited interest charge and corqmted Interest rate..'
Statutory limitation - condition, ae of:
December 31, 191*5
January 31, 19l»6
February 28, 191*6
March 31, 19W
23-2U 23-2U 23-2I1 23-21. 23-2U 23-21.
22-23 23-21l
23-2'' 2U-25 2I..25 21.-25 2I.-25 2I.-25 2U-25 81.-25
26
26
26
26
26
26
26
25
27
27
28
28
28
28
28
AprU
30, 191*6
May 31, 191*6
June 30 , 191*6
July 31 , 191*6
August 31, I9U6
Septamiber 30 , 19^*6
Octoher 31
Sorenber 30
28
28
27
25
25
25
191*6
,
,
25
19^*6
Issuance and retirement of the public debt
26
20
21
22
22
22
22
22
22
CooQ>osltion of the interest-bearing public debt
26
20
21
22
22
22
22
22
22
Maturity schedule of Interest-bearing public maiicetable securities issued
or guaranteed by the United States
Offerings of marketable issues of Treasury Imnds, notes, and certificates
of Indebtedness
30
30
29
29
31
31
31
30
30
32
32-33 32-33 31-32 31-32 33-3't
Disposition of matinred marketable Issues of Treaauiy booda, notes, and
certificates of indebtedness
Offerings and maturities of Treaaujy Ijllls.
27-39 27-29 26-28 26-28 28-30 29-31 29-31 29-31 29-31 29-31 29-31 29-31
(Continued on folXoving pace)
32
32
33
33
33
SMS
31.-35
32
32
32
32
32
33
33
33
33
31.-35
SMS
31.-35
SMS
Iv
Cumulative Table of Contents - (Continued)
Treasury Bulletin
January 1947
Cumulative Table of Contents -(Continued)
IB8U0 and paee number
191*6
I9U7
Dec.
B07.
Oct,
Sept.
Aug.
July
June
May
Feb.
Mar.
Apr.
Corporatlona and certain other aKenolee of th e
United States aovernroent
Assets^ llabllltlee, and capital:
Deceisber 31 19U5
69,
,
73-ri'
69,
March 31, I9U6
73-77
June 30,
61
65-69
191*6
September 30,
62,
191*6.
66-70
Loana cutatandlng, olaaelfled by type of loan:
Decembar 31, 191*^
March 31, 191*6
June 30, 191*6
September 30 , I9U6
70-72
70-72
62-61*
63-65
IncCBDS and expenae:
61*-69
First all nontha, flacal year I9I16..
Flret nine luntha, flacal year I9U6.
Flecal year 191*6
6U.69
70-75
Sourcea and application of funds:
First ell monthfl, fiscal year I9U6..
First nine nonths,. fiscal year I9U6.
Flecal year I9U6
70-75
70-75
76.81
76
82
71
Internal revenue etatistlca
Collections of Internal revenue:
Sumsary data
Chart
Ccn^paratlTe details for current periods.
73
71*
75-76
67
68
69-70
61
62
63-61*
61*
78
70
65
85
86-87 71-72 66-67
79
79
80
80-81
81-82
81*
69
61*
77
65
66-67
78
79-80
79
80
62
63
81-82
6l>-65
Monetary etatletlOB
Balance sheet of the Exchange Stabilization Fund:
September 30 191*5
December 31, I9U5
March 3I, 191*6
June 30 19l*f
Gold assets and liabilities of the Treaaury
Increment from reduction In weight of gold dollar, cuisulatlTe to:
December 31 19l*5
March 31 191*6
June 30 191*6
September 30 , 191*6
Treasury gold receipts for recent quarterly periods
Monetary stocks of gold and silver
CosqK>nents of ellrer monetary stock
Silver production In the ttolted States and silver acquisition
by mints anfl assay offices
Seigniorage on silver, by types
Money In circulation
67-68
,
69-70
69-70
66-67
68
,
78
71*
71
83
8U
81*
"69
69
,
,
71
,
68
.
69
70
70
71
72
Capital movements between the United States and foreign
"
oountrlee
Historical summary of net capital movement since 1935
Summary by countries
Details:
August 191*5
September I9U5
October 191*5
November 191*5
December 191*5
January-February 191*6. ..•.•.....•
•
March 19l*6
April 191*6
May 191*6
June 191*6
July 191*6
August 191*6
Position in foreign currencies
83-85
86-93
77-79
80-87
73-75
76-83
9U-96 79-81 76-78
97-102 82-87 79-81*
90-93
90-106
76
77-93
87
88-101*
71*
90-106
75-91
92-91*
107-109
105-107
9M6
107-109
9l*-99
85-87
88-90
103.105
8U-86
88-90
9I1-96
97-103
91-97
87-93 106-112 91-97 88-91* 100-107 110-117 97-101* 108-U5 110-117 95-102
January 1^47
A-l
A Prosperous America of Tomorrow
The following address »as dellTered by Secretary Snyder bofere The Icononie
Club at Hew York, New York on Norenber 20, 19U6.
It Ig a pleasure to meet here with the Economic Club of New York, and to have the privilege
of full production, full employment, and high national income;
to maintain our standard of liv-
of talking with
and our continued prosperity.
Let me repeat the one fact of which we must
not lose sight.
This country is now experiencing
so
many
of
professional
and
trlEJ.,
the business, indus-
leaders
of
this
great
oomraunity.
Mr. Rlehle tells
the beginning
of
the
that this meeting marks
me
fortieth year of the Eco-
nomic Club. I want to congratulate you on having
achieved this mllepost of service in the cause of
further enlightenment of public opinion.
We
have a community
all
interest in our
of
efforts to insure a healthy domestic economy, to
maintain a sound Government financial program, to
insure stability of our currency,
and to stimulate expansion of our world trade.
Upon a successful solution
of
the problems
before us today depends, to such an important extent, the fashion in which we build our "America
of Tomorrow."
During recent months,
American people has been
the attention of the
centered on politics.
But the outcome of the recent election, has not
changed the necessity for a bi-partisan approach
to our basic problems.
ing,
the greatest period of prosperity in its history.
It is Important that we focus our attention
on this fact - because it is the key to the formulation of our fiscal program.
Consideration must be given our present
prosperity when we come to determine the level of
taxes which may be maintained at this time without imposing undue restraints upon enterprise.
The amount of our revenues will,
in turn, deter-
mine the surplus that can be applied to the reduction of our public debt.
On the fiscal side of the picture, one of
the most Important problems is the maintaining of
the integrity of our currency.
It is vital to us
domestically, and it is extremely important to us
in the foreign field.
When I took office aa Secretary of the
Treasury,
I
stated that it Is the responsibility
to reduce its expenditures in
of the Government
Whatever happens in elections, the administration of public affairs cannot be halted for a
every possible way,
budget.
I would add
or for a year.
It is vital
operations of Government proceed on a
sensible and efficient basis, with full cooperation between the various elements.
we reduce
day,
that
for a month,
the
The difficulties
solving
we
will
encounter in the
troublesome Issues remain
of
the
same.
the
solution to these questions cannot be
found by any one man, or by any one group of men.
And
President Truman
forts
tion,
has
pledged
the
best ef-
his administration toward such cooperaand the response to his plea for unity of
of
effort has been most gratifying.
"Facts are facts."
politically,
the
Whatever has taken place
bright aspects of our national
material progress are still bright.
Many problems remain to be solved,
and I
would not belittle their Importance and significance.
But I would remind you that it is against
the background
of an America flourishing as It
has
never
flourished before in its history that
of
extreme importance that the Legis-
lative and the Executive branches work out a program of cooperation to assure our present state
to
it
achieve a balanced
imperative that
is
our debt burden now, while we are experiencing great prosperity.
We must approach
this issue with the same courage that we have
other important problems of the past.
Aside from its relation to our fiscal polithere are other urgent reasons why we
should keep firmly in mind the fact of our
present economic well-being.
We need to guard
cies,
against
the
this country,
developing depression psychology, in
which might,
if unrestrained, see
us literally talk ourselves into
at
least a tem-
porary period of hard times.
I believe you will agree
that a man perfind himself in a hospital in
short order if his friends should start collectively feeling his pulse at frequent intervals,
running apprehensive hands over his brow, and
fectly
well
might
telling
him
looked.
He would be
again
and
a
again how wretched he
strong minded man indeed
if he didn't get sick under such treatment.
we must solve these problems.
It is
and
that
I
do
ica Today"
rial
table.
not see how a fair appraisal of "Amercan Justify any feeling that a mate-
recession
in
"America Tomorrow" is inevi-
2
Treasury Bulletin
A-
have the highest level of employment
ever ejcperlenoed In peacetime In the history of
this country. We have the huge accumulation of
now
We
the unprecedented demand for
savings;
Indices o'f material producgoods and services.
tion, earloadlngs, electric power, and the like,
bear eloquent testimony to our progress since the
personal
cessation of hostilities.
Freight earloadlngs late In October rose to
the highest level since October 1930, when the
average per-car capacity was much smaller than It
Is now.
Industrial production has risen to a peaceThe F«!deral Reserve Board's adjusted
time high.
Index 01 production for September stands at 177^
labor, and agriculture.
And In addition there Is the foreign demand
our products,
the greatest ever, a demand
which we have not even begun to meet. Reestabllshment of world shipping, with our own Merchant
Marine playing an Important role, will provide a
vast outlet for our farms and factories.
With our full support and leadership, the
for
nations have set out to create a favorable atmosphere for expanding world trade.
The mechanisms
set up to expedite world reconstruction and de-
velopment are now functioning, and from these cooperative endeavors we shall be In a position to
profit greatly In both a material and a moral
sense.
It Is not necessary to detail the causes and
of the 1935-39 average.
Steel Infect production In November has risen
above yi^ of capacity - a new post-war high.
Electric power output In the first week of
this month rose to the highest level on record,
although the seasonal peak has not yet been
reached.
the depression of the '30*8 In
manifestations of
refuting any similarity between present conditions and the economic trends of the '20' s.
fully
But,
as
important
as
the
vastly im-
proved economic and financial situation of this
year 19'*-6, as compared with 1929, Is this signifOut of the new social consciousAmerican people have been created
Textile production in September equalled the
rieacetlme peak reached earlier this year, with
output at 1651^ of the 1935-39 average.
icant factor.
durable consumer goods are
More and
market in quantities exceeding those
reaching the
shipments
of before the war - In September,
strengthened the foundations of our economy.
I am confident that these social gains made
in recent years will go a long way in preventing
of washing machines, vacuum cleaners, electric
ranges, radios and gas ranges were from 20 to 50^
any future recession from reaching such proportions as the last economic breakdown.
more
above prewar levels.
Private building construction Is at the
The output of
'20' s.
highest level since the
materials reached new postwar hl^s
many building
in Septerrber;
some .•cached all-time highs.
The production of lumber products In September was 135^ of the 1935-39 average.
Civilian employment has Increased k million
since the end of the war,
57,
million in October.
and was
approximately
l«-
the
of
ness
safeguards
and
supports
that
have
basically
To cite one example, I am sure that there is
no one here tonight who would be
willing to give
up the safeguards provided for the savings of our
the Federal Deposit Insurance legisla-
people by
tion.
The near collapse
one
of
of
our banking system was
most serious developments of the deBy contrast, our banks
of the
'30's.
the
pression
are today in a very sound position. We oan ocunt
among our very real assets the confidence of the
And yet there exists the greatest demand for
lyevr product of the manufacturer and the farmer.
despite Its record voli\ir present production,
people in our banking structure.
still Is Insufriclent to meet that demand.
I am not tryln? to paint an over-optlmlstlo
picture. As scarce Items begin to reappear In
last depression.
Tclume, there will be less of a rush to purchase
But even with liberal allowt. an appears today.
ance for this factor, I feel that we can be as-
might develop.
continued prosperous business for some
years to come - if we have continued cooperation
-n all fields - Government, management, capital,
Security legislation, we have Federally sponsored
With this protecState unemployment insurance.
uiiie,
sui-ed
of
Economists agree that the marked decline in
farm incomes was one of the major causes of the
Today, farm Income is not only
record levels, but preventive measures have
been provided to check any downward trend that
at
Not
peaJc,
but
tion ther«
only
is
employment now at a peacetime
provisions of the Social
through the
Is
no
danger
of
a
sudden and far
January 1947
^-^
reaohlng eurtallment of Indlyldual Income.
ajB
Bur* that none of us would want to
I
abandon the Soolal Security program.
Another
cause
economic
for
assurance
Is
found in the operations of the Securities and ExThrough its protective eerrchange Commission.
the Home Loem Bank System, to bring builders and
lenders together.
I would not discount those problems that are
still to be met in owe transition from war to
peace. Foremost among them is the fact that we
still
are
faced with a great number of shortages
and certain production limltatlonB
securities are more certain
of the soundness of their investments today.
There have, perhaps, been excesses of specu-
which,
lation in some areas; but, due to safegusirds esthe
overexpansion of credit in this
tablished,
It is still essential that consumer,
distributor, and producer alike exercise restraint
field during inflationary times has been held to
until
investors
loes,
in
a minimum.
The
liquid assets
of
Individuals are
now
about I19O billion - an all time high. This 00mXMires with less than $70 billion at the end of
assets
These
191-1«
are
more
widely distributed
than ever before, which is another important factor In our economic well-being.
The net working capital of American eorponu.
tlons nearly doubled during the mar years, and
was estimated at |5'l' billion at the end of June a record high.
In
mand,
the
the
realm of unsatisfied production deshortage of housing looms
present
in materials,
in the face of excess demands, cause inflationary trends to persist.
the rising tide of production can assure
adequate supplies of all goods at fair prices.
But, as a people, we have cause for gratifi-
cation that we have emerged from the war years
with renewed faith in the fundamental principle
of a free enterprise system.
It is under such a
system, I believe, that the individual has the
greatest opportunity for prosperity and common
service.
am certain that if we could detach ourfrom our immediate surroundings, and get
an objective view of America, we would see a
really powerful and magnificently
prosperous
country, the like of which has never been seen In
I
selves
large. It will take years to fill this demand.
This housing shortage, moreover, is matched by a
the world.
large volume of private funds ready to be used in
We have provided maohiathe building program.
ery, such as Federal Housing Administration and
driving
Let us
combine all of our advantages into a
to insure a rich and prosperous
foree
'America of Tomorrow",
Other Speeches by Treasury Officials
On November 20, 1946,
Edward H. Foley, Jr.,
Assistant Secretary of the Treasury,
spoke at a
Savings Bond Rally before the Federal Reserve
Industrial Dinner Meeting at Des Moines, Iowa, on
"The Present Day Objectives of the Payroll Savings Plan.*
throughout
The
the
Reserve Banks,
meeting
one
was
country sponsored by
In cooperation
Department's savings
bond
with
drive
of
a series
the Federal
the Treasury
which
opened on
Armistice Day and closed on Pearl Harbor Day.
On November 21, 19I16,
Mr. Foley addressed
the Fifty-fourth Annual Convention of the United
States
Savings
and Loan League at Milwaukee,
The subject of Mr. Foley's speech was
"The Role of Savings and Loan Associations In the
Post War Economy."
Wisconsin.
Copies
the Office
of
of
these speeches are available from
the Director
of Public Relatione,
Treasury Department, Washington 25, D. C.
)
Treasury Bulletin
A-U
Treasury Market Financing In November
Historical details of Treasury market financing operations InvolTlng bonds,
notes, and certificates of Indebtedness, beginning with the Fifth War Loan,
Details of weekly Treasury
are published In the tables on pages yi and 31bill offerings are shown on pages 32 and 33.
Cash Payment and Refunding
November
On
13,
Secretary
19''^,
of
Ownership Distribution of Issues
Maturing in December IQ^b
As of October 3I, 1946
the
Treasury Snyder announced the offering of an issue of one-year 7/8!^ certificates of Indebtedness in exchange for the certificates maturing on
December 1, outstamding in the amount of $3.8
billion.
At
the
Cash subscriptlonB were not
same
payment
would
made
be
Treasury notes
In
cash for the l-l/2)<
in
the amount of $3.3 billion ma-
Total maturities in Deturing on December 15.
cember aggregated $7.0 billion.
On
the
basis
the ownership
of
as
about 80^ of the ma-
debt,
of October 3I,
19*^6,
for which data are available.
that this issue
and was,
was
therefore,
7/8% certificates of
indebtedness due
12/1/46
3.768
750
3,018
3,261
2,344
917
7,029
3.094
3.935
1-1/2J< Treasury
notes due 12/15/46
Total
reports to the Treasury on
of
the
turing certificate issue was owned by nonbank in-
veetors
Reporting
All
banks 1/ others
(In millions of dollars)
accepted.
the Secretary announced that
time
the
latest date
more
(In percent
7/S% certificates of
indebtedness due
12/1/46
100
20
80
100
72
28
100
44
56
l-l/2;t Treasury
It should be noted
sold during the Victory Loan
Held by
Total
outstanding
Maturing
issues
notes due 12/15/46
Total
widely held by nonbank
investors, particularly industrial and commercial
businesses,
most of the certificate Issues.
than
The maturing note
issue,
primarily concentrated
the
on
other hand, was
holdings
and
$100,000,
were
closed
of re-
receipt
of
porting commercial banks and Federal Reserve
Banks.
As of October 31, 19U6 ibout f2f of the
note issue was held by banks.
or less
of
the
in
The Treasury decision
to
refund the
entire
certificate issue while paying off in cash the
entire note Issue, has worked directly toward reThe table in
ducing bank ownership of the debt.
the next column presents a summary of the ownership distribution of the two maturing issues as
of October 31,
The
1946.
certificates were dated December
new
19^6 and will mature December
bear
interest
which
taxes.
will
be
at
the
subject
1,
rate
of
to
all
19^7.
1,
They will
7/i% per annum,
Federal income
Interest will be payable in full with the
principal at maturity.
November
Subscription
20,
except
for
books
the
subscriptions from holders of $25,000
the maturing certlf icatee, for which
they remained open through November 21.
On the basis of final reports, exchanges
amounted to $3,281 million, leaving $487 million
of the maturing certificate issue to be paid In
cash.
Cash Payment on Maturing Issues to Date
With the cash payment of $.5 billion on the
certificates maturing December 1 and $3.3 billion
on the notes maturing December 15,
payments In
cash on maturing issues totaled $23.2 billion
since February
28,
This was
than
more
1946,
the peak
of
the debt.
50^ of the $44.9 billion of
securities maturing or called for payment during
the period.
The remainder was exchanged for new
issues of certlf loates.
1/
The certificates were issued
$1,000,000.
on
in
bearer form
only in denominations of $1,000, $5,000, $10,000,
Includes (l) 7,350 commercial banks hnldlng approximately 9^ of the United States obligations held by all
commercial banks In the United States, and (2) federal
Beserve Banks.
January 1947
The
type
of
following
A-5
table
Issue maturing or
starting with March
1,
presents
called
In
details
by
each month
19U6.
Disposition of Maturing or Called Securities
March-December 19''-6
6
A-
EstlBat«d Ownorahlp of the InterestBearing Public Debt J/
February 28, 19^6 and October 31, I9U6
Treasury Bulletin
January 1947
a-!
Corporation Income and Taxable Excess Profits Tax Returns for 1043
The firet, aecond, and third of a aerlea of
tabulatlona which will appear In the report 'Statlatloa of Incone for 19''-3. Part 2" have reoently
been made public by Secretary Snyder. 1/ These
tabulatlona contain data ooaplled from the baslo
corporation Income tax returns For« 1120 corerIng Income and declared value excess-profits tax
liability) and the excess profits tax returns 2/
(Form 1121).
This article presents a suamary of
(
the data In the three releases.
Includes
a
section showing the
In addition, It
effects on 'Sta-
tistics of Income" data for 19^2 and XSk"}, of the
renegotiation of war contracts which took place
after the tax returns for those years were filed.
These are the first compilations on renegotiation
to
made aTallabla.
be
tistics
of
leased at
Income
for
The complete report 'Sta19'i3,
Part 2* will be re-
some future date and will Include more
complete renegotiation data.
The reWet Income and compiled net profit.
turna for all oorporatlona reported net ineoma J/
(laaa deficit ) of $27.8 billion for 19*3.
Com-
piled net profit of all oorporatlona (net Income
plua Interest on wholly or partially tax-exempt
OoTernment securities) totaled $28.1 blllioB for
Increase of 20f over the compiled net
19'^3'
profit for 19U2.
Compiled net profit after
taxes
aggregated |12.2 billion, a rise of 10^
OTer 1942.
Compiled net profit after taxes and
dlTldends 5/ rose from $5.5 billion to $6.5 bil-
"
V
lion from
19'»-2
to 19^*3, an increase of 16%.
presents a auaaary for
compiled net profit before and
The following table
19'^2
and
191^3
of
after taxes and dividends paid.
1/
2/
2J
kj
^
Treasury Departaent, Press Serrloe loa. S-120, I-ltl,
and S-122, dated OotolMr 18, Octsber 22, and Ootel)»r 29, 19U6, regpectlTely.
The excess profits tax covsred by rom 1121 was a vartlas aeasurs detigaed In genaral to tax wartlae laoreasea In corporate earnings at special rates. This
should not be confused with the declared Talus exoessprofltt tax which was introduced Into the tax structure In 1933 as a corollary aeasura to the capital
stock tax and which is eoTsred in the basic corporation incone tax return, Fora 1120.
Net incone or deficit as used throughout this article
is
the
aaount reported for declared Talus excessprofits tax coaputation adjusted if excluding the net
Het incoas fer declared
operating loss deduction.
Talue excess-profits tax coaputation includss inter(See liae 3I of Tom
corporate dlTidends reoeiTed.
1120 fassiails).
Incoas tax, declared Talue excess-profits tax, aad
excess profits tax.
DiTidends paid in cash and assets othsr than ths oorporation's own stock.
A-S
The following table presents a suBaarjr of
of corporate Inooae tax ratams aad
taxable excess profits tax returns, net Inooae
and tax liability for 19*V2 and 19'^3 *«* *>»•
the
ntanber
ohange orer the period.
Treasury Bulletin
A-9
Januanf 1947
More
detailed
final 'Statistics
tables will
be
shown
reports
be published at some future date.
of
Income*
Balance sheet data.
filed by
well as
In
the
which will
Balance eheet data were
almost all net Income corporations, ae
by a large proportion of corporations
with no net Income.
Total assets of $309-3 billion were reported
on 3^6,870 corporate returns with balance sheets.
This represented a decline of ^% from l^^Z In the
number of returns with balance sheets but an Increase of i% In the total assets reported.
Por nonflnanolal coirporatlons 15 / alone,
total assets of tl93«0 billion were reported In
>A Increase of about (>% OTer 194-2. Balance
19*^3
•
sheet figures
for
nonflnanolal
presented In
the
following table
19'*3.
corporations
for V)^2
are
and
Treasury Bulletin
A- 10
(1)
(2)
The exo«8a profits tax rate wa« InoreaBed from 90 to 95^ of adjusted exeats profits net Inooae.
The psraentage of InrMted eapltal lalowed as a oredlt under th* IxTeated
eapltal Method 17 / was reduced as follows:
iRTSsted oapltal
arrlTlng at nonial-tax net Inoeae and
surtax net Inoone, was thereby deoreased
by 15,000.
January 1947
A-ll
Table 1.- Corporation Income Tax Returns for 1943
Part A.- Compiled Receipts and Deductions, by Major Industrial Divisions
Major induatrial dlTiaions
All
industrial
dl7laiona
Number of returns 1/
*20,521
Reoeipts;
OroBS sales 2/
200,619.0
OroBS reoeipte from operations J/.
39,765.1
Interest on OoTermnent obligationa
(less anortizable bond preaiuni}
Wholly taxable
66*. 3
fiubjeot to declared value
exoeas-profita tax and surtax
352.8
Bubjeat to surtax only
29.3
Wholly tax-exempt
277.9
Other interest
2.237.5
Rents and royalties */
2.358.5
Net oapital gain
29*. 3
Net gain, sales other than oapital
aseete ^/
130.*
Dividends, domes tio corporations..
1.33*.*
corporations...
Dividends, foreign
133.5
Other receipts
1.575.2
Total compiled reoeipts 6/
2*9,772.5
Deductions:
Cost of goods sold 7/.
152.368.2
Cost of operations T/
22,070.8
Compeneation of offTcers
3,7*5.2
Rent paid on business property....
2,382.6
Repairs 8/
2,305.3
»18.2
Bad debts
Interest paid
2,330.9
Taxes paid. 2/
5.699.2
Contributions or gifts
159.2
Depreciation
3,?16.5
Depletion
6*3.9
Amortisation 10 /
690.6
Net loss, sales other than capital
aeeete ^/
583.9
Other deductions
2*. 331.
,
Total compiled dsduotions
221,6*6.0
Compiled net profit or loss
28,126.5
Net income or deficit
27,819.2
Net operating loss deduction 11/
225.0
Income subject to exoees profits
tax 12/
1*. 366.7
Taxes
Income tax
Declared value excess-profits tax.
Excess profits tax 13/
11,291.5
Total tax
Compiled net profit less total tax....
Dividends paid:
Gash and aasete other than own
stock
Corporationa 'a own stock
Note:
See page A-1* for footnotes.
*,*79.2
15*. 9
15.925.6
12,200.9
5.727.7
224.8
Mining
Manufacand
quarrying turing
8,133
78,716
3.258.3
322.0
2.5
1.1
6:i
50.3
30.2
3.9
25.2
.*
30.1
3,731.* 1*6,559.*
2, 22*. 8
Publlo
utilitlsa
19,279
rinanod,
inauranoe,
raal aetata,
and leaaora
of real
property
Trada
120,880
35.59*
133.655
AgriConatruotion
nature
of
culture,
forestry, business
not
and
fiahery allocable
Treasury Bulletin
A- 12
C-" c
•a-a
rt-< j;
«3
«i
1
5^
H O
O •
o u
cd
**
CO
3
1
h
O
cy
PJ r*>
O
OO
<H» • •
„
"
o t,
> a o B « ^
3^
9
O
e
O r^
t^V
^
CM
i«MoaiNi>
w
January 1947
>^
g
e
a
A-13
S
1
Treasury Bulletin
A-ll^
Table 1,- C!orporation Income Tax Returns for 1943
C-
Part
Number of Returns, Net Income, and Taxes, by Net Income and Deficit Classes
Net Income or
deficit classes 15/
Returns with net income 15 /
Taxes
Income
Number
of
returns
Net
Income
15/
subject
Income
tax
Total
tax
profits
tax
12/
4.9
8.8
11.0
12.7
16.0
11.0
30.3
13.6
17.0
76.3
77.6
20,294
l3,s4o
209.2
190.0
715.5
977.2
39.2
45.2
232.3
409.9
74.7
73.5
323.9
515.9
11,15s
4,860
2,852
2.665
1,748.6
1.700.1
1.983.6
5.395.7
868.8
925.9
1.079.4
3.026.3
391
390
12,266.9
1,510.9
6,186.5
25.5
43.5
52.2
3 under 4
4 unde r 5
5 under 10
10 under 15
16,777
15.837
40,570
19.829
58.5
71.5
290.8
243.2
under
under
under
under
20
25
12,095
50
100
Number
of
returns
.1
.2
Deficit
84,297
16,605
8,304
5
23.0
?3.8
17.6
15.7
57.7
^1.1
20.
U.
283.735
2.7'*5.9
28,718.0
9.2
25.0
5,081
3.516
8,230
3.373
131.4
179.4
2.2
1.8
6.3
7.8
32.3
37.1
186.1
328.8
1.739
1.173
2,302
1.174
30.0
26.2
79.5
Sl.O
997.6
1,001.3
1,160.1
3.192.6
293.2
260.3
303.5
790.9
12.5
12.0
13.0
31.5
651
218
9S.7
2.370,
50.7
101.3
1.599.9
6,775.2
.3
.3
.8
3.0
?-5
'W7.4
,870.5
17.5
42.1
1.17'
4,86;
IU6,
.3
S.t-78
Total
Excess
profits
tax
12/
(In millions of
dollars)
5.1
9.3
11.7
62.933
29,718
21,046
5,000 under 10,000
10,000 and over
Tax on returns with no net Income
value
excessprofits
tax
(In millions of dollars)
Under 1
1 under 2
2 under J
100 under 250
250 under 500
500 under 1,000
1,000 under 5,000
Returns with no
net income 15/
Declared
to exoeea
(In thousando of dollars)
15
20
25
50
(Continued)
-
.1
.1
U79.2
151^.9
15.925.6
14,366.7
6i(-.l
50.1
40.3
34. s
i)-,
.2
.2
.6
691,
729.
843,
73.
12,
11,291.5
136,786
89s. 7
35.373
No Income data (Inactive corporations).
iL
•
Less than $50,000.
Number of returns excludes returns of Inactive oorpora-
1/
""
tlone.
"Grose sales" consists of amounts received for goods,
lees returns and allowances, In traneactlone where InFor "Cost
ventories are an Income-determining factor.
of goods sold," see "Deductions."
"Gross receipts from operations" conelscs of amounts
received from transactions In which Inventories are not
For "Cost of operations,"
an Income-determining factor.
see "Deductions.
Amount shown as "Rents and royalties" consists of gross
The amounts of depreciation, repairs,
amounts received.
Interest, taxes, and other expenses, which are deductible from the gross amount received for rents, and the
amount of depletion, which Is deductible from the gross
amount of royalties received, are Included In the respective deduction Items.
"Net gain or loss, sales other than cipltal assets" Is
the net amount of gain or loss arising from the sale or
exchange of depreciable property and real property used
If such property has been held
In trade or business.
for more than 6 months, special treatment of the gain
provided.
or loss is
"Total compiled receipts" excludes nontaxable Income
other than tax-exempt Interest received on certain Oov-
2/
"
3/
2/
10/
*'
k/
5/
6/
~
'
2/
8/
ernment obligations.
Where the amount reported as "Cost of goods sold" or
"Cost of operations" Includes Items of deductions such
as depreciation, taxes, etc., these items ordinarily are
However, an
not transferred to their specific headings.
exception Is made with respect to 6unortlz.atlon of emergency facilities reported In costs, such amount being
transferred to "Amortization."
Amount shown as "Repairs" is the cost of Inoidental repairs, including labor and supplies, which do not add
materially to the value of the property or appreciably
prolong its life.
11/
12 /
11/
1^/
15 /
16/
The Item "Taxes paid" excludes (1) Federal Income tax
and Federal excess profits taxes, (2) estate, inheritance, legacy, succession, and gift taxes, (3) Income
taxes paid to a foreign country or possession of the
United States if any portion is claimsd as a tax credit,
(!*)
taxss assessed against local benefits, (5) Federal
taxes paid on tax-free covenant bonds, and (6) taxes reported in "Cost of goods sold" and "Cost of operations."
Amount shown as "Amortization" is the deduction provided
by the Second Revenue Act of 19^ with respect to the
amortization of the cost of emergency facilities necessary for national defense.
In general, the net operating loss carry-over is the sum
of the net operating losses. If any, for the two preceding taxable years.
"Income subject to excess profits tax" is, in general,
equal to the adjusted excess profits net income.
The excess profits tax shown is that imposed by section
710 of the Internal Revenue Code as amended and should
not be confused with the declared value excess-profits
tax.
The amount shown is the excess profits tax liability reported on corporation excess profits tax returns,
less the credit for debt retirement and the net postwar
refund.
The industrial claesifioatlon is based on the business
activity reported on the return. When multiple buslnssses are reported on a return, the claselflcatlon is
determined by the business activity which accounts for
Therefore,
the largest percentage of total receipts.
the industrial groups do not reflect pure industry
classifications.
"Net income" or "Deficit" is the amount reported for declared value excess-profits tax computation adjusted by
excluding net operating loss deduction (items 3I ^^'^ ^1
respectively, page 1, Form 1120).
Total number of returns Includes returns of inactive
corporations.
January 1947
A-15
Table 2,- (Corporation Income Tax Returns with Balance Sheets for 1©43
Part A.- Assets and Liabilities by Major Industrial Divisions
Major industrial divisions
All
industrial
dlTlslons
Mining and
quarrying
Net
income
260, 3'U
Number of returns witb balance
sheets 1/
No net
inoone
106.529
N«t
income
No net
income
3.700
Public
utilities
Hanufaoturlng
3.336
Net
Income
58,683
No net
income
Net
income
lU,l^6
No net
income
Net
income
No net
income
11.758
K.kfe
87,281
20.386
(In millions of dollars)
Assets:
Cash 2/
Notes and aooounts receirable
613.1
2,658.l>
'»71.1
lwi.6
26,1+52.1
2.883.7
735-1
l*?.
(lees reserve)
Inventories
.••...•,..
Investments, Government obligations
Other investments
Oross capital assets (except
land)
Less reserves
Land
Other assets
l>5.!f
11,5811.8
167.
3.028.3
102.2
3.029.0
123.1*
2,282.6
955.7
35. "»
4,284.1
5,835.0
210.1*
3".
344.9
386.3
108.2
2li6.5
14,665.2
18,768.4
362.8
11.6
195-2
5W.I
90. "*
9.115.6
9,221.3
36.7
127.1
777.2
11,234.4
26.9
132.7
1,631.5
1,775.0
28.9
60.0
11,696.8
3,320.8
2,169.3
762.0
'i,'k5U.l
2, 32"*.
97."*
351.7
86.4
116.1
5.062.2
2.479.0
8I9.I
619.8
358.0
127.3
53.161.7
11.158.8
391.3
1.993.3
2,096.0
U6.6
39.8
48,510.6
24,013.5
1.699.6
3.226.1
1.339.0
6,U07.1
9.126.7
363.'*95.2
26.028. If
'v,38i*.o
1.0lf9.6
92.778.2
1.989.5
62.665.8
2,2>»4.7
20,576.8
912.1
15,860.8
1,6311.11
265.2
104.1
9.096.9
245.1
1.637.6
204.9
3.209.3
205.1*
bl2.3
98.3
361.8
328.9
79.6
216.2
88.9
2,976.7
221.1
67.
6,lUi).o
1*28.8
14,802.9
164.4
931.7
1.177.3
2,021.7
1,169.9
1,508.9
209.*
1.712.0
322.9
21,794.1
6,660.2
4,101.2
18,679.3
1.353.8
407. ^
1.157.5
7,100.5
9.765.0
1.379.8
6,138.1
500.6
3.390.0
682.6
5.037.'*
363>95.2
26,028.l»
,
y
,
,
y
Total assets
,
^
Liabilities:
Accounts payable
Bonds, notes, mortgagee payable:
Maturity less than 1 year...
Maturity 1 year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus reserves
Surplus and undivided profits 6/
Less deficit J/
Total liabilities 5/
,
67.869.1
12l+,65'».6
M,878.8
63ii.5
ii', 09U.3
762.2
898.1
11, 908.
*.
61*5.1
1*2.6
5.7'»o.2
21,444.2
25'».5
571.3
22.*
263.0
338.6
25.787.2
659.1
3'*9.1
U,38it.o
l,0"»9.6
92.778.2
1.989.5
15"*.
7.'»'l5.0
13".
688.8
45.6
410.1
.
Part A.- Assets and Liabilities by Major Industrial Divisions
Major industrial divisions
Net
Income
Number of returns «ith balance
sheets 1/
Assets:
Cash 2/
Notes and aooounts receivable
(less reserve)
Inventories
Investments, Oovernnent obligations 3/
Other investments
Gross capital assets (except
land) 4/
Less reserves.
Land
Other assets
Total assets
No net
income
19.3'»3
^
Total liabilities 5/
See page A-I6 for footnotes.
»5.52i
67.371
-
^5.
6.927
940.1*
6,087.6
3S6.7
225.9
20,576.8
912.1
2,24lt.7
5.'*25.6
186.
(Continued)
-
(Continued)
(Continued)
Agriculture,
forestry, and
fishery
Oonetruotion
Net
income
55.2
33.3
No net
income
3.780
Nature of busineaa
not allocable
Net
income
3.673
I
No net
income
1.881*
1.605
2.231
Net
income
No net
income
(In aillions of dollars)
480.5
'*9.5
28,600.6
2,113.0
279.5
35.1
106.5
11.0
32.7
11.2
366.3
329.0
60.6
22.5
20.095.8
31.6
1.929.9
19.5
57'*.6
103.8
16.9
106.6
140.6
18.6
19.3
68.0
32.
129.9
15.'*
3.
17"*.
10.0
46.0
70,130.4
44,227.5
4.II5.5
3,608.6
126.7
127.1
10.6
26.5
69.3
136.0
2.0
1*3.1
18.7
73.9
60.
596.2
243.2
9,813.1*
5,665.6
1.225.8
1.757.1
418.3
426.1*
229.4
44.0
73.7
21:6
13.6
13.1
287.0
850.1
32.0
120.1
33.0
58.2
7.6
101.2
36.0
30.7
10.6
72.8
15.2
26.7
13.1
698.8 176,162.1* 18,1*01.6
1.552.5
273.0
1.175.5
21*6.9
315.2
212.3
525.
2.503.
1.120.
471.
12 J.
34.2
15"*.
Liabilities:
Accounts payable
Bonds, notes, mortgages payable:
Maturity less than 1 year...
Maturity 1 year or more
Other liabilities
Capital stock, preferred
Capital stock, common
Surplus reserves
Surplus and undivided profits 6/
Less defloit J/
10,1*56
Finance, ineuranoe, real estate
and lessors of
real property
Net
No net
income
income
-
15"*.
201.
568.
412.
164.
647.
vm
62,665.8
197.0
79.2
134.1
89.8
42.4
387.8
13.1
1,068.
Table 2.- Corporation Income Tax Returns with Balance Sheets for 1943
Note:
Trade
3,884.8
321*.
6
82o!7
398.6
223.0
887.7
188.
1,131.3
201*.
6
3, 881*. 8
2.230.1
2,603.6
2,889.1*
621.1*
6.
101.2
999.6
633.5
216.0
62.1
77.9
37.2
33.7
1*1.0
52.3
281.6
1,010.8
6,090.9
597.*
26.9
2.280.1
45.1*
32."*
l'*.7
51.3
31.2
45.4
214.1
16.0
146.6
277.9
18.6
48.9
19.0
11.7
129.3
1.3
70.0
89.0
1'*.7
l'*l.'*35.9
55.8
109.7
70.6
*1.5
16.2
119.1*
104.5
70.1
3*3.1
,
'*.825.3
8,803.1
909.6
3,252.7
37.'*
'*5.3
36.8
11.3
282.7
1*79.8
2,006.4
2,972.7
468.8
23.2
53-5
53-0
52-3
384.S
96.7
698.8 176,162.1* 18.401.6
1.552.5
273.0
10.071.1*
1.653.1
11*. 193.6
1.573.2
31*6.3
1.175.
246.9
118.
1^3^:1
13.2
109.1
68.1
3.9
52.5
163.2
315.2
212.3
9
7
7
)
,
A-l6
Treasury Bulletin
Table 2.- Corporation Income Tax Returns with Balance Sheets for 1043
(Continued)
Part B.- Assets and Liabilities by Total Asset Classes
^
Total
Under
50
Total aaseta olaBgeg In thoueanda of dollare
1,000
10, 000
500
5,000
250
under
under
under
under
under
10,000
1,000
50,000
5,000
500
50
under
100
100
under
250
56.579
56,105
50,000
under
100, 000
100, 000
and
OTer
Number of returns with balance
366,870 181. 961
eheetfl 1/
26,757
20.737
17.893
3.232
2.719
396
itgi
(In millions of dollars)
Assete:
Cash 2/
,
Notes and aooounta receivable
(less reeerTe)
Inventories
Investments, Oovernnent obligations
Other Investments
Orose capital assets (except
land)
Less reserves.
Land
Other assets
y
y
Total assets
y
Liabilities:
Accounts payable
Bonds, notes, mortgagee payable:
Maturity less than 1 year...
Maturity 1 year or more
Other liabilities
Capital stook, preferred
Capital stock, common
Surplus reserves
Surplus and undivided profits i/
Less deficit J/
Total liabilities 5/
!^
*/
50,271.5
577.7
5»n.9 1.089.
1*5,728.4
27,187.2
670.7
572.3
716.2 1,507.8 1.585.1
605.7 1,260.0 1.294.3
86,655.3
72,065.4
51.5
15U.7
100.9
205.6
356.7
561.2
1,236.0
671.6
802.6
1.989.9 Z,16>1.8 4,718.8 4,492.0
910.6
884.9 1,922.2 1,841.7
199.
301.5
8.576.3
887.5
576
9,888
150.9
308.
290.8
136,351
1,922.3
7,291.0
3.539.*
7,966.0
3,767-3
22,340.0
2,115
I.5I6
6,664.
4.245.
3.0*9.
2,022.
6,756.5
4,669.6
2,9*5.1
2,129.3
19,717.7
8,871.4
1.575.8
1,185-5
8,914.
5,3*0.
5,168.
3,000.
12,309.5
9.427.5
6,072.9
3,896.6
47,489.4
5,180.9 13.939.
2,192.8 5.906.
936-2 2,063.
365.7 1,058.
7.137.
2,879.
18,888.0 10,402.7
7.539.6 3,206.9
1,138.8
3*9-5
1,598.4
951.2
67,*37.2
19,914.3
704.6
4,441.0
781.
576.
389,523.6 3.558.5 4,035.8 8.855.3 9,418.2 12,606.0 43,610.6 22,396.7 55. 21*.
17.*95.2
7^.9
4: ni:t
279.7
610.2
175, 859.3
37'^.l
IW.O
120.2
II: 036.2 2,013.3
1109.2
26.2
It: 797 -I*
7'^7.7
9. 720.1
1.359-6
881.6
942.5
2,363.9
1,031.6
480.8
466.0
1,802.7 1,655.3
3*7.6
852.6 1,451.3
128.3
342.4
403.7
.615.2 3,000.4 2,692.7
41.2
141.3
221.5
917.1 2,160.9 2,368.8
568.0
928.9
732.7
.6
551. <
1,682.:
.2
1,440.4
3.929.9
595.0 1,233.
1,760.5 5,003.
9,562.1 23,339.
827.6 2,695.
3,617.3 8,367.
849.2 2,578.
4,779.8 10,838.
626.4 1.370.
550.6 1,003.0
242.1
3,30'i.i 17,571-5
1,763.4
7.724.3
1,413.8
9,155-3
1.751.7
5»7.7
3.005.6
343.0
2,999-4
770.1
2.529.6
389.523-6 3,558.5 4,035.8 8,855.3 9,418.2 12,606.0 43,610.6 22,396.7 55, 21*.
"Number of returns with balanoo eheete' axoludes returns
of Inaotiva oorporatlone and returns of aotlre corporations for whloh balance shc-et data are lacking.
Amount shown aa Cash" includes bank deposits.
Amount shown as " InTeatments, Government obligations*
consists of obligations of the United States or agency or
Instrumentallt/ thereof as well as obligations of States,
Territories, and political subdlvlalone thereof, the District of Columbia, and United States possessions.
Amount shown as "Capital assets" consists of (1) depreciable tangible assets such as buildings, fixed mechanical
equipment, manufacturing facilities, transportation faoilltles, and furniture and fixtures, (2) depletable tangible assets - natural resources, and (3) Intangible as-
6/
J/
1.102.9
425.
3,965.
11,275.
1.649.
4,118.
1.165.
4,017.
411.
6,342.6
1,054.9
22,564.0
28,881.8
5,629.7
24,812.5
1,200.6
27.307.7 202,520.1
sets such as patents, franohises, formulas, copyrights,
leaseholds goodwill and trade-marks.
(Amounts In both
tables of this release exclude land.
Assets and liabilities are tabulated as of December "}!,
19**-3. Of close of fiso al year nearest thereto.
Total
assets classes are ba e£ on the net amount of total assets after reserves fo r depreciation, depletion, amortization, and bad debts
Amount shown as "Surpl us and undivided profits' consists
of paid-in or capital surplus and earned surplus and undivided profits.
Amount shown as "Deflc it" consists of negative amounts
of earned surplus and undivided profits.
,
5/
27,307.7 202,520.1
January 1947
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January 1947
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Receipts and Expenditures
January 1947
Public Debt and Guaranteed Obligations Outstanding
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
January 1947
Budgetary Receipts and Bxiiendltures
Table 1.- Summary by Major Claseif icatlons
(In >llllona of dollara)
Heeelpta
bpendltures 1/
Less net
appropriations
to ?ederal
let
01d-A«e and
receipts
SuTTlTors
Insurance
Trust Fund
0ros6 receipt
?lflcal jrear
or noBtb
Total
receipt*
laterool
other
recelptt
reTOttue
2/
GoTsmoent
Oeneral
!t/
War and
defense
actiTities
Tr&otfer*
5/
Total
expenditures
§/
^
5.29^
'',597
1*86
6.2142
1937
1938
1939
5.67U
5.161
5.303
7.362
359
319
3U9
210
208
265
188
273
515
286
916
3,292
3.U83
503
538
^,668
5.925
8.269
13,668
23.385
^3^}
191A
U31
1*3.902
1*0,310
?"
2,609
I9't2
1*1.685
'*.239
19U1
12.993
22.ll«
U5.'K)8
19'K)
2,383
19I6
l9U5-BoTeiDl>er.
ll,122
.
.
.
Febmaiy.
March
iprll
3,91*8
3,81)8
3,1*51
U2
3.875
5,762
3,68U
5,583
2,73''
Deo ember
I9U6- January
32.397
78.17?
93.71*4
6.W9
K57
100.397
8.730
1*3.038
63.711*
l'*.559
.029
21
8.5U2
ll,581
U30
1,201
1*,226
U,2l*5
3,819
3.678
u.seo
791
660
2,028
3,1*17
681I
-31
1,01*2
2,702
2,550
lUS
-75
-757
-2U3
-1,902
S'
10/12/
2,677
2,733
U,U79
U,268
1,1*90
1,1*00
2,560
2,182
200
3,861*
5,352
3,066
2,1*U2
5
18
187
-161
1,591
1,131
873
1,190
1,509
1,100
631
13
1,1*81
1,1*3S
1*8
11*2
158
138
3,310
2,308
1*5
2,?9«
U2
61*9
U,ll«2
lt,OgO
35
367
265
J
2, 600
2.717
ll.Wl
2,251
M
2,1*91*
1*0
September.
U,291
1*2
305
183
1U7
61
283
3
October. .
HoTember.
2,617
2,639
2,230
1*5
2,1*03
1*5
Source:
Bote:
.
.
V
l*l*.ll*9
869
1.103
1.260
1.283
1.201
10/
Hv
A]]£UBt
8/
12.799
22.282
661
Jvne
July
owned),
etc.
(net)
5?
196
15
10/
10/
12/
12/
3.''93 12/
35
32
etc.
Kst
budgetary
deficit
2,371*
1*,118
35^*
?
account •,
corporations
(•holly
6,6Ui
5.985
7.313
7.109
6.079 11/
6.005
5.635
3«7
191
19'*5
392
to truet
379
5.029
5.855
5.165
5.3«7
7.607
1*6.
8.177
7.239
8.707
8.998
12.711
5,013
3,1*35
3,«'i5
5,71*7
3,61*1*
2,691*
2,932
2,755
1,27U
1,718
73
2,51*1*
2,361*
2,965
2,529
1,1*91*
275
3H1
192
2,539
2,1*31*
l*,l*78
Itallj Treasur? Statesent.
Beginning vlth flaoad rear 19U^ certain rerlBloni hATe been Bade In
thle table.
See "Treaeory Bulletin," September I9U6, page 3.
Ezcludea afflounts for public debt retirement which are chargeable to
the Blnklng fund, eto. under apeclal proTiaiona of law.
?br further detaila, eee Table 2.
7or eiplanation eee tablea irtilch follow entitled "Social Security
Program".
7or further details, see Table 3.
for further details, eee Table U.
For further details, see Table 5?or further details eee Table d.
Total e^eodlturea leaa net receipts.
Tbr eipendituree of OoTemment corporations, etc. (net) see table
on "Truat Accounte, Etc. Receipts and X^enditures" shoving transactions in chedciog accounts of OoTernaent agenciei, etc. (net).
10/
11/
1,091*
6oe
929
1.029
1.206
1.657
6.301
26.011
72.109
87.039
225
187
232
331
381
'*35
556
1,6!*6
1,918
%
%
^,
2/
%
%
2/
-7
3.11*9
1,381*
3.5^*2
3.611
5.103
19,598
55.897
'•9.595
53.91*1
-1.305
20.676
-7U
2,208
895
-1*32
23
95
32
27
-870
1,105
^^f
-96
-1,723
-59
-28
1*99
1*20
165
Inolndes reoorerles of U. S. Inveetmente la oapital funds.
Such
reooTerles totaled %^ million In the fiscal year I9UO; $319 million In the fiscal year XgUl; $18 million In the fiscal year 19U2t
and $10 DilliOQ in the flec&l year 19U3
Heceipts from reductions In capital stock and paid-in surplus
aTallable to be relseued under existing law are included as negatire itens under expenditures.
Such reductions totaled $313 alllioa.
12/
Includes deposits resulting from the renegotiation of war cotttraots.
Information on the amount of such dspoBits le not available on the basis of Ihlly Treasury Statements. On the baale of
covering waxrants, such deposlte were as followsi
fiscal yau19'*3, 1558 million; fiscal year I9UU, $2 235 lUlon; fiscal year
19*5, $2.01*1 million, and fiscal year 19u6, $1,063 nilllon.
Those
figure* Include so-called voluntary returns.
Table 2,- Analysis of heceipts from Internal Revenue
1/
(In millions of dollars)
Income and profits taxes
Fiscal year
or month
ft|>loyinent taxes
Social security taxes U/
Withheld by
e^>loyars
Total
Other
federal Insurance
Contributions Act
(Old-a^ insurance)
2/
2/
federal then^loyment
Tax Act (Tfeenployoent insurance)
'*.597
5.67't
2,163
2.163
2,61*0
2.61*0
2,189
2.125
2.189
2.125
191*1
5,l6l
5.303
7,362
3.1*70
3. '•70
833
925
191*2
12,993
7.960
7,960
1.186
19'*3
22.11*1*
16.091*
16,091*
1.1*98
191*1*
1*1.685
1*3.902
1IO.310
31*.
35.173
30.885
8.393
10,289
9,392
26,262
2U,e8U
1.739
1.780
1.701
191*5-HoT»mher.
2,383
1,52'*
I|lt9
Decesiber.
3,91*8
3,366
1,076
707
2,659
257
66
7
1
3,'»51
3,681*
2,755
2,790
U,838
55'*
2,201
51
33
1,086
658
1,701*
i*,ieo
310
97
1,118
1937
1938
1939
191*0
191*5
191*6
191*6- January.
February.
Harch
April
21,1*93
191*
MiEcellaneouB
internal
revenue
IS
90
101
108
150
109
2.181 5/
2.279 5/
2.232
la
2,3%
691
98
137
2,967
896
1.130
1.292
1.310
1.23s
120
158
180
185
180
170
209
267
285
283
5.291
23B
10
8
59
602
516
5
6U5
200
13
107
18
111
6i
61*9
61
51'*
7I10
3.81*7
'•.553
6,91*9
7,725
5811
2,310
2,308
July
August
September
.
.
October.
Hovember.
1,603
1*^5
1*1*2
269
3
11
61*2
966
65
285
1
1,1107
ii,oeo
May
June
11
5,583
655
253
755
Carriers' Taxing
Act of 1937
(Railroad
retirenent)
3,392
650
2,71*2
73
7
1
6i
615
615
2,251
1,1*89
51U
971*
62
2
2
2,1*91*
1,513
3,550
1,070
705
281*
10
8
291
2,81*5
67
302
85
1
76
2,230
l.llOll
2,1*03
l.UWt
557
1.111
It,
1*1*3
81*7
71*
70
2
2
332
290
276
9
5
Ibily Treasury StatementLess than $^00 thousand!br further details, eee chapter entitled "Internal Revenue Statiatics".
Excludes receipt of victory taxes withheld pursuant to the Revenue
Such receipts have been classified as 'Other" inooma
Act of I9U2.
and profits taxesIncludes unjust enrichment tax-
U/
5/
695
679
656
752
669
For the period prior to September 1939, the data in the columna
entitled "Federal Insurance Contributions Act" and "Federal Uneaployment '^&x Act" represent collections under Titles ITIII ond IX,
respectively, of the Social Security Act
Includes lees than $500 thousand In receipts from 'Agricultural
Adjustment taxes".
,
.
.
•
'
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
1^
(la mllliocB of dollars)
Veterans' Adalnlatratlon,
intereit on public dattt, and
refunds of taxes end duties
Fiscal yoar
or month
Total
general
expenditures
Veterans
Administration
i/ 1/
Interest
on the
public
debt
Other gener&l expenditures
Be funds
of
taxes
Aid to
agriculture
and
duties
^5/
Social
security
program
1/
y
Public
worki
1/
Depart.
aental
Civilian
not
Conserotherwise
Tation
classified
Corps
6.6UI
5.985
7.313
7.109
b.079
19110
19IU
191*5
6,005
5.b35
b.lU9
8.730
19'*6
l't.559
191*2
191*3
19UI*
1.503
1.567
1.561*
1,687
1.751
1,906
2,1*56
581
582
557
557
553
555
572
629
3.500
6,25<
10.620
2.871
931*
k66
926
5.136
1,021*
510
386
1.895
i»,Ul6
85I*
335
801*
1*81
5.751
1,228
3l»7
517
5.1*21
lt.327
1,51*1
392
1,111
U/
81*7
1*57
738
525
326
290
283
257
1.1*76
2,21*2
89
87
1.000
9U9
1.371*
167
lUl
125
138
129
1,260
1,808
2,609
3.617
4,722
91
U,099
3.178
2,6U9
2,U72 12/
3.938
1,098
1.093
912
515
680
5t3
51*1*
163
511*
590
18
262
1.707
3.027
529
1*33
692
970
299
17
129
121
66
«07
8ll2
T.
178
251
209
193
813
1.01*1
76
11*2
162
8U
817
19M6-Januar7.
Tebruaiy..
March
791
6£o
2.022
582
220
255
31a
eu6
^ril
I.U90
1,1*00
1.103
1.015
l*06
>fay
1.15
17U
106
June
3.066
2.1107
1*96
.395
2.69U
1.27U
1.718
1,071*
1*63
Augnet
Septeober.
823
1.227
512
2U9
122
1*<1*
61*8
361
189
95
OctoberNovember,
i.ugi*
785
1,09"*
61*9
ies
160
105
108
55
Jttl^
.
.
.
.
1/
8/
1*67
1.215
971
IM
281
1,022
.
10/
56
1*30
.
HieoellaneouB
59
66
91*1
l.aoi
iglt^-BoTombor.
December-
181*
and
work
relief
2/
8/
1937
1938
1939
Wrect
309
763 12/
550
20
26
18
50
32
23
.021*
1.51
1*92
58
29
l>6
709
1*8
71
1*1*6
37
27
10/
11/
12/
I3/
lU/
1^/
I6/
17/
16/
98
1*6
73
67
101
96
118
139
lOU
lou
68
101*
105
11
10
w
IW
U2
1.620
Dally Treasury Statement.
Less than t^OO thousand.
General expenditures nov include expandltures for revolTlng funds:
back figures have been revised accordingly.
Includes public works undertaken by the Veterans' Administration.
These are
Does not Include transfers to trust accounts, etc.
shown In Table 5.
Refunds of taxes" include amounts transferred to public debt aocountB to cover issuance of excess profits tax refund bonds and
exclude refimds of taxes under the Social security program. Sxcess profits tax refund bonds were formerly issued to corporations entitling them to a post-war credit equal to 10^ of the excess profits tax paid. The Tax Adjustment Act of 19^^ reduced by
10^ the amoiint of excess profits tax to be paid and abolished the
post-war credit. Por amounts of excess profits tax refund bonds
Issued, see the first table in ch^ter entitled "Public Debt and
Guaranteed Obligations of the United States Qovemment". Outstanding excess profits tax refund bonds may be redeemed at the option
of the holder commencing January 1, 19^6: t^en such redemptions
occur, they will appear as retlreoents of public debt.
Consists of Department of Agrloilture expenditures, except forest
roads and trails which are included in Public works.
Includes railroad retlrenent and railroad unemployment activities
and excludes expenditures made by Department of Labor, U. 3. toployaent Service (formerly Office for Emergency Management, War
Manpower Commission, U. 3. employment Servioe), under authority
7or further details, aee tables which
of Social Security Act.
follow on the Social security program.
Includes public buildings, public hi^ways (including forest roads
and trails), river and harbor work and flood control, Tennessee
Valley Authority, federal Public Housing Authority (formerly U. 3.
Housing Authority), reclamation projects and ths Public Works Administration. Xxcludee certain expenditures for public works in connection with war activities by the lederal Works Agency, beginning
July I9U1,
Ixcludas expenditures for the U. 8. Maritime Commission, depart-
lU/
65
T7
67
98
23
77
3«7
U9U
516
W
P
65
1*0
101
15/ l.lUl 15/
66
67
31
37
562 12/
1.573
788
1*97
y/
998
5''6
W
m
M
m
m
M
15/
iV
TO
II
ikj
111
m
216
ikj
311 11/
lUl
2l6 11/
15/
^/
U31
357 12/
173 11/
mental expenaitures under the Social security program and the Department of Agriculture departmental expenditures. Beginning
July 19^6, includes expenditures formerly classified as
departmental.
?or additional inforaatlon, see "Treasury Bulletin* for August I9U5,
page 6.
Includes expenditures for the following: Office of Education, and
Public Health Service of the Federal Security Agency; Post Office
Department postal deficiencies; Federal Housing Admialstratlon;
Treasury Department Investments In Federal savings and loan associations: certain expenditures of the Panama Canal; and Capital stock
of the Federal Deposit Insurance Corporation, Home Owners' Loan Corporation, Federal home loan banks, Disaster Loan Corporation, and
Erport-Import Bank of Washington.
Gross expenditures have been reduced $315 million representing the
repayment of capital funds by certain United States Government agencies.
For further details see "Treasury Bulletin" for June 19**5,
page 9, footnote 12.
Includes $257 million for restoration of capital impairment of Commodity Credit Corporation applicable to fiscal years 19**5 and I9W*,
Includes $500 million for Commodity Credit Corporation - postwar
price support of agriculture.
Classified as miscellaneous expenditures commencing July 1, I9U5.
Expenditures during the fiscal year 19^ Include $67^ million for
Export-Import Bank of Washington - capital stock, and $1^9 million
for International Bank under Bretton Woods Agreements Act.
Includes $921 llllon for restoration of capital impairment of
Commodity Credit Corporation effected by cancellation of note*
pursuant to the act of July 20, 19^*6,
Includes the following expenditures: Credit to United Kingdom $}00 million In July I9U6, $100 million in September 19U6, and
$200 million In October I9U6; Ibcport- Import Bank of Washington o^ltal stook - $100 million In August \9^€>, $100 million in
September 19^6, and $125 million in October I9U6; and International Bank under Bretton Woods Agreements Act - $159 million In
Hovember 19U6.
January 1947
Budgetary Receipts and Expenditures
-
(Continued)
Table 4.- Analysis of Expenditures for War and Defense Activities
(In Kllllonf of Isll&rs)
War
Dopartsent
71taal y«ar
or BoDth
Irael
Toroai
lavy
Dapart- LaaTO Aot
of I9U6
eat
tur*
D«P«rt-
1/
Bond! C«ah
929
1.029
193«.
1939.
1,206
1.657
6.301
19'tO.
19IH.
26,011
72.109
87.039
90.029
19>t2.
19U5-VoTaber.
..
Dacamb«ra
..
>t,226
l«,2U5
a . a
3.'»17
igUfr-JanUAT/.
557
596
673
892
2.313
3
62
lU,070
U2.265
8.580
20.888
£96
2,011
l49,2U2
26,5«
2.l't3
50.337
27.800
3O.0U7
15.161
1.198
1,0«1
111
153
133
122
60
215
228
185
91
297
608
539
70
80
2.552
2.176
7H
2
7
-1
1
9
1.519
1.588
1.239
990
1.566
3
7
•
2
\
6
5
5?
Jnna
Jnly
2.UI|2
l.*65
1.190
1.509
1.100
300
October.
Bovember.
.
.
.
l.Ugl
1,436
l.hK
l.>»20
1.2142
^s
616
669
1
1*55/
10
62
29
10
2l|
62
*
1/
I
V
33
52
59
63
52
61l0
3
131
12
U
U
\
\s6
U
3
70
1,U62
695
37
26
2l>
'1
3
«
3
5
2>t0
1,1*32
17
10
^
6/
99
51
929
2.776
3.812
3.227
108
132
1.105
1.922
200
UO
2,0>t2
llW
120
1.367
67
liU
lilt
iSi
06
382
795
991
1,022
611
150
35
590
519
^3^
858
519
1,201
57
72
-2
-13
U8
-5
-3
Dallj Treasury Statesent.
Lees than $^00 thousand.
AdsiolstratlTe expeasee la carryla^ out proTliioat of Act are
lacluded under War, Navy, and Treaeury (Coast Ouard) Departaente.
Includes war public housing functions.
Includes var expenditures of CoBnerce, Jiistice, Interior, Labor, and
State Departmentt; Civil Service Coa&iBsion; EzecutiTe Office of the
President (including Office for teergency Hanageaent); Panaaa Canal;
Includes Deand capital stock of Smaller War Plants Corporation.
fense Aid Special fund through the fiscal year 19^3: thereafter
such expenditures are reflected within the respectlTe departnents.
Classification changed to reflect expenditures for the fiscal year
I9U6 under "War activities". Prior year expenditures are Included
Soarc«i
Othar war
Surplui
and daBallaf property fonse acand
dlvpoial tlTltlsi
Hahablll- a^noiaa axpendttat Ion
turaa J/
29
2.702
2.550
2.560
2.182
S«pt«Bb«r.
Dnltad
atlona
-6
37«
432
U90
667
3.678
f •bruary. .
Hmrch
i^rll
»Uy
Av^tt
•at
Qui tad
Traas»ar
Tadaral Fad«r«l SatlooAl SaleetlTB
Statas
Aid
Sarrlea
vrj
S«oarlt7 Works
Nantlaa Shipto
A««ncy (adalnls- Dapartpin*
China
Coaalaaat
tratlTa)
IdBlB.
alan
118
112
-73
16
72
78
17
50
U
63
17
37
^3i
60
50
7l»
118
36
57
96
33
-3
18
91
169
169
108
53
22
38
198
87
7
79
•
Under General".
Payment of $370 mlllloa was made on Dec. 39, 19^. by the Tederal Surplus Commodities Corporatioa of the Department of Apiculture to the
Commodity Credit Corporation in reimbursement for agricultural commodities procured la connection with the lend-lease program and reflected in previous expenditures by the Commodity Credit Corporation.
Total payments for the fiscal year 19U6 amounted to $957 million.
Effective September 1. I9U6, expenditures of the War Shipping Admlnlstratien are Included with the expenditures of the U. S. Maritime
CoBBlssion to which all ftinctlons were transferred for the purpose of
liquidation by December 3I. 19U6. pursuant to Sec. 202. public lav
Uga, ^proved July 8. I9U6.
Table 5.- Analysis of Expenditures for Transfers to Trust Accounts, EtCe
(In mllllODs of dollars)
Tete
Administration
fiscal year
or month
1/
608
225
187
232
331
1937
1938
1939
19''0
19U1
I9l«
Social
security
program
2/
1/ il
19ltii
556
igi*?
l,6!t6
19116
(U.
foiids
S. ebare)
JLid to
agriculture
1/ !!/
Taderal
eontrlbntloD to
W.trlct of
Colnabla
1*7
557
I>i6
107
121
132
1>«
221
10
1
19'»3
Oovemment
employees'
retirement
30
101
27'*
1,918
,126
,381
318
302
73
75
87
93
103
107
177
^?^
2»7
18
91
126
71
-3
37
19U5-BoTaiiher.
Dacaabar.
19lt6-January.
681)
6it7
Tabroary.
March
11I8
lltS
23
April
Hay
June
200
95
5
631
13
23
162
95
.
July
August. .
September.
.
October. .
Hovember
.
Source:
*
1/
2/
32
Us
27
38
5
226
13
32
U
27
Daily Traaeury Stataaent.
Le«e than t500 thoueand.
Additional tranaactions are shown in Table 3.
Coaprliea Adjusted Serrice Certificate Fund and the Hatlonal Service
Life Insurance Fund, adfflinistered by the Veterans' Adninistration.
17l»
223
ItU
^
U/
Includes railroad retirement and railroad unenployiieot actlTltiee. K>r
further explanation see tables which follow on social security pro^raa.
Bepresents transactions in commodity food stamps by DepartBent of Agriculture. This actlTlty foraerly came under the Office of Distribution and prior thereto under the Agricultural Marlcetinc Adainlstration.
.
.
Treasury Bulletin
8
Budgetary Receipts and Expenditures
Table 6.
-
(Continued)
Analysis of Expenditures of Government Corporations (Wholly Owned), Etc. (Net)
(In alllloni of doUu-i)
or BOBth
ig^
Total
-7
-1.305
CoBBOdlty Export-Import
Pederal
federia PnMlc Home Owners
Bank of
Credit
Houilng
Housing
Loan
Corporation Vaihlngton
idminlstratloB
Authority
Corporation
U71 2/
-l.OWt 2/
-5
-323
-279
328
-288
-23
-3>12
-20
12
1
ll72
-106
-*7
-39U
-10
-2
-2
-76
118
9
5
5
-21
-21
15
-3'»
-3t
-18
-31
-75
-757
2
2
-9
-39
-2
-1
-5
-h
31
-3*
-1
-22
-21
.2U
2lt
-53
-631
-33
-96
12
2
-11
-66
20
-2
-3
-3
-22
-22
-25
lUs
-1
-1
-11
-2
-21
-3
6U
-19
-30
11
-3
-18
-22
.16
-110
-5l»
-2
8
It
-18
-16
3
53
-18
21
igllS-ioTeBljor.
Oecenbor.
19'<6-Jannary.
February.
Narcb....
April
May
18
187
-161
June
July
Saptanbor
October.
Hot ember.
-59
-SB
y
-3
1U6
-151
-870
136
-96
2/
Sural
Sleetrlflcatlon
AdalnlatratloB
War and defease
actlTltlee
-1*32
19U6
Au^at.
Beconetructlon Finance
Corporation 1/
.
13
-52
9
-6
-1
3
-2
2
1
Dally Treasury Statenent.
Leea than I5OO thouaand.
Includea tranaaotlona on aoaount of RFC Kortga^ Company. Federal
Hatlonal Mortgage Aaaoolatlon. Office of Metala Reaarra. Office of
Rubber Reaerre. Offloe of Defenae Planta. Office of Defenaa Soppllea. D. S. Commarolal Company, Var Damage Corporation, and Rubber
Development Corporation.
Paynenta of $957 million hava been made during the flaoal year 19't6
by the Apiculture Department (charged aa war and defenae actlrltlaa)
to the Commodity Credit Corporation In relDburaanent for a^lcultural
aoamodltlea procured In connection with the land-Ieaae prosraa and
85
-159
-lU
-U
-2
-12
-17
reflected In prerloue expenditures of the Commodity Credit Corporation.
Similar paymenta during the flacal year 19^ amounted to
$1,182 million.
Bepreaenta payment to Commodity Credit Corporation under act of
February 18. 19U6.
The act of July 20. I9U6. authorized the Secretary of the Treaaury
to cancel notea of the Commodity Credit Corporation In the amount
of $921 million for the restoration of Its capital Impairment.
Thia amount ia treated aa a general expenditure with a correapondIng credit under OoTerment corporations (wholly owned), etc. (net).
y
U/
Table 7. - Total Budgetary Receipts and Expenditures by Months, Beginning with 1937
(In mllllona of dollare)
Calendar year
Apr.
Hay
July
June
Aug.
Sept.
Total
Met budgetary raceipta 1/
230
3O8
967
916
687
1937.
1938.
1939.
23?
29»
19''0.
315
2S
799
19U1.
3"<0
5'»l
1.566
19lt2.
19'»3.
578
788
19m.
2,7'»7
19't5.
3.556
3.819
758
955
2.503
3.767
3.678
5.206
6.573
6,892
5.7»7
2n
19>t6.
290
375
i
uoo
39U
l.51»
3.087
2.929
2.677
l.WO
565
3.5't7
2.950
3.085
2.733
367
273
265
U12
7>t7
I4lt9
"•13
397
678
676
711
.135
2, '92
318
262
7H7
".569
6,2U7
2,007
2.163
2.695
2.539
587
2.721
2.568
2.997
828
77U
557
6U9
1.276
Ml
.926
189
2,U3it
U,U78
517
632
718
Ikl
286
350
36U
362
823
672
521
561.
1,212
607
601
2.099
2.2U0
2.701
5.736
l6,lt03
2,
.030
,001
2,
5, "tie
'Hl,U21
lt6,oU6
292
300
279
7I40
U.llB
2.530
2,51*
5.798
5.650
'1,918
5.83't
8,8ll9
3'>.55'»
Budgetary expendlturea 2/
51.6
1937.
193«1939.
19*0.
19U1.
766
705
820
822
1.399
695
631
730
783
1.315
5lt
566
69U
6U7
l.lUl
1.253
930
887
1.528
818
1.598
706
.529
5.160
7.112
8.100
8,821
5.215
7.617
1,1U
U7U
612
668
1.075
2,629
6,119
7,862
7.281
iMl
3.753
3.953
7.>.66
7, "135
8,525
9.266
8.292
9,112
19't6.
>t,860
3.'»35
3.8".5
7.859
7.901
It. 268
635
'».530
7.35'i
19>t5.
2,628
6,372
7,570
8,239
8.327
8,625
9.752
5.352
492
656
712
19>t2.
3.861)
895
300
198
385
398
771
WMO.
Wkl.
19U2.
2.050
19>i3.
5.5811
't.823
)t.683
l,0>t2
19UU.
19"»5.
19't6.
Source:
Sote:
1/
316
166
-200
-a2
369
2't5
132
517
479
750
22>l
22
53t
-167
.871
.16U
-126
2,lU7
1.952
2.373
-1.902
.35?
.51''
-2't3
22>t
3.058
5.952
4.772
4.972
1.591
lt25
?
156
339
237
252
747
3.391
5.955
5.342
6,028
1,131
Dally Treasury Statement.
Beginning with flaoal year 19lt5 certain reTlalone haTe heen made
In thia table.
See "Treasury Bulletin," Septomhor 19lt6. page 5.
Total recelpte laee net amounta transferred to Federal Old-Age
2,037
3.758
2.378
3.838
873
2/
2j
635
7.1^
830
832
1.172
2,5U2
8,097
8,885
9.657
19.053
6.363
7.839
7.9^6
6,500
56,020
7.'<52
8,'t20
97.578
't.581
5.013
89.6)10
-188
157
1.956
2.447
3.967
3.823
^6
6lt8
817
1.858
7.291
2.932
5,931
7.535
7.902
6.687
2.755
268
t5l
105
195
-115
Mo
273
171
296
1*99
I102
65
ltU2
28U
?"
'W7
1.185
258
1.133
Ms
536
1.637
1.55
739
1,294
»32
1.329
"t.Ul3
11.628
>t.896
3.6lt)t
lat budgetaiT deficit
1937.
1938.
1939.
75?
1.874
565
737
721
869
2.083
S.tUlt
5.937
7.II56
8.135
5.695
2.965
88,08>t
2,529
^
5.105
5.937
6,126
1,105
5.776
4,293
499
3,lt0lt
2.087
l.?76
1.497
-1,723
5.331
5.426
6,13^
'•4g
and SorvlTors Insurance Truat Fund.
Excludes public debt retiranents.
Total aapandltures less net receipts.
10,20>l
5.761
3.799
1.716
5.706
2,208
3.00lt
39.618
53.530
53.157
895
'•3.59't
165
Janaary 1947
BUDGETARY RECEIPTS AND EXPENDITURES
1942
1941
1943
1944
1945
1946
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNjMMJSN
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJ
1942
1941
Office of the Secretory of
ttie
1943
Treosury, Diuision of Reseorcti ond Statistics
1944
1945
B-I68-
10
Trust Accounts, Etc. Receipts and Bzpend 1 tures
(Is
riaeal 7*>r
or aonth
illlsBt of dollars)
Treasury Bulletin
11
January 1947
Means of Financing Cash Requirements
(In BllIlonB of dollars)
Anount required to be financed
Fiscal year
or month
Total anount
required
to be
financed
Ket
budgetary
deficit
Net decrease
In p\ibllc
debt
1/
Means of flnaaclnc
Het Increase
In Oeneral
Fund balance
let
expenditures
In trust
accounts,
Total aaount
financed
Increaee in
public debt
etc.
Het decrease
in Oeneral
Fund balance
2/
3.1"^
3.l'9
1.38't
1937
1938
1939
li38l»
19'tO
3.611
igUi
5.99't
1942
1.38»
U,i6U
3,611
622
3.611
5.103
5.99''
'5«
6,515
10,662
3.506
1,861
1161
19'^
isue
53.9'H
20.676
••.529
21,200
2.208
«95
1.632
11.558
19l|6-Jainuu7.
..
Febmary.
Harch
J.gllO
12.773
1.3^9
327
1.593
*prll
3.705
•tay
2.Ui*7
June
lt.29S
July
Aoguet
Saptemliar
2.257
1.223
868
October.
.
2.257
NoTSfflber.
i.iieo
Source;
Hote:
1/
.
.
.
I.0U2
-2U3
-1.902
c
"•.OSl
5zU
58.S70
21.200
319
12.773
3.81(0
1.3''9
53''
577
2.257
1.223
868
2.209
1«
W9
23lt
2.257
1.1«0
1.837
1,255
Iklly Treasury Statement.
Beginning vlth fiscal year 19''5 certain revisions have been made
in this table.
See 'Treasury Bulletin," September 19'<£, page 5.
Excludes amounts for public debt retirenent which are chargeable to
the sinking fund, etc., under Q>ecial proTlelons of law, and beginning with fiscal year 19''5. Inoludee OoremBent oorporatlons
772
327
315
UlU
2.101
72't
2.177
U20
165
3.52U
12.773
3.705
2.UU7
U.29S
1.152
-1.723
791
io,'»6o
265
1.316
3.161
I199
10,7'tO
327
1.593
2.111)
1.10;
37"
306
890
136
295
3.201
1.591
1.131
«73
9U7
V. .27''
6U,307
57,679
''9.595
.
128
338
''61
1^ ,27't
19.598
55.897
6'».307
Decesber
5.99''
1>«8
23.'t6l
19''5-IoT«ml)«r..
2.6U6
7U0
3.275
2.528
7't2
19't't
19't3
etc.
il
3.1''?
h.iA
Ret
receipts
In trust
accounts.
2/
1.593
3. 1*33
272
2.39«
u.29e
868
l.ltOS
156
15
(whol?7 owned), etc. (net).
Conprlaes trust accounts, checking accounts of OoTemment agencies,
etc., increaent on gold, seigniorage on eilTer, mlscellaneouB funds
and accounts, and beginning with July. 19''6. a clearing account for
outstanding checks. Incroaent on gold escludes expenditures for
national bank note retlrenents.
12
Treasury Bulletin
Social Security Program: Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(In nlllioas of dollars)
Fiscal j»aT
or aontfa
January 1947
13
Social Security Program
Section
I
-
-
(Continued)
Budgetary Receipts and Expenditures
-
(Continued)
Table 2.- Railroad Retirement Account
(U llllont
of loUuri^
Receipt!
Fl ac&l
or
Ixpendlture*
year
fflonth
Cftrrleri'
MalnlatratlTe
Taxing
expeaeei
Act of 1937
193»
W9
150.1
109.3
ijiio
Ul.O
19U1
136.9
170.0
208.8
267.1
285.0
282.6
19l4£
;9''3
19W4
I'i^
19U6
igUj-BjTeiiber
DeoeD^er.
5-1
.
Pebmary.
April
Hay
June
.
October.
SoTonber
*
1/
2/
-l.l
.7
11.
2ll|.8
It
262.7
30«.S
291.9
.1
39.0
1.1
-1.8
26.3
12.8
-5«.2
37.0
2-5
.2
.2
.1
32-3
.1
.2
2
.2
.2
.2
.2
J"
.u
37.7
j5.l
-£5.0
165.2
163.8
-7.U
-75-2
Ub.o
165.5
38.0
.2
.2
.2
2.3
7.6
75-5
.
Izesss of
•zpaadlturas
2-3
-8.7
-21.6
12U.lt
ll|0.9
7.6
5.t
.2
.
.1
.1
107.1
120.7
•3
65!?
July
Aognst
September.
lU6.lt
37."
.
March
Pa funds
of
taxes
.1
1-3
.
8-5
58-5
.
2.6
2-9
2.6
3.8
lllJ.O
110.0
123.3
128.2
lUg.5
220.2
265.3
311.3
295.»
62 :i
igUfi-Jairaaiy
ce:
y
Traatfar* to
Railroad Retlra•nt Account
(trust account)
te.i
-t-5
•
3
101.3
.
.2
adnlnlstzmtlT* aavmaa relating to the lallr«*d BetlreBeut Act.
CoTerad by ^proprlatlons frDs the Oaaaral Ptrnd of the Treamrr.
Iblly Treaenzy Stateaent.
Less than $^ thonaand.
Includes only expeodltures from t^ipreprlatlons made spaelfically for
Table 3«- Railroad Unemployment Insurance
Act^
(la allllont of dollars)
Receipts
71 seal
year
or DODth
Izpendltures
Railroad uneaployeot Insurance
eoDtrlbutloDS
AdnlnlstratlT* expenses (Railroad
Unemploynent Insurance Administration
rund) 1/
1938
1939
5
.5
19110
lt.9
19UI
6.8
8.5
10.3
12.1
13.2
12.9
19112
19'»3
l9itU
191*5
19it6
loU^-BoTeoBer.
Dec ember
.1
Tebruaiy
March
8.9
-.6
9.6
.2
6.0
.2
.1
.2
.2
•3
•3
-2.9
•
.
.
.3
•3
•3
•3
.1
3-1
.5
3-5
•5
.2
•5
.2
.1
•3
•5
3
.2
-2.7
9.2
9.7
•3
•5
.
.
-2.9
3
3
9.7
October.
Hoveaber
a. 7
3.1
.
September.
2/
3-2
3-7
3.5
5
.1
.2
.2
.'j^Ui-.
1/
8.2
IU.9
12.6
13.1
•
U.l
-2.1
-2.1
2.7
7-5
•3
•3
July
*
'1:1
5.0
3't
2-5
2.2
V
.2
.2
•
April
Key
June
«e:
5.0
ticcess of
•xpendltures
•3
•3
3-2
.
191*6- JanTiary-
Tranefere to Ballroad Uaeaployaent
Insurance Accouat,
Onasployaeat Trust
Fund j*/
Caily Treasury Stateaent.
Leee than $50 thousand.
Operated as Ballroad nnemploynflnt Insurance Adadnietrmtlon fond.
Repreeente 10^ of contribntiono under the Ballroad Tfoemployment
InBorance Act; the remaining 90^ le depoolted In the Ballroad %employBent Insurance Account, tTnenployment Trust Tund (See Section
II. Table 3).
Eicludee anounte c^rproprlated to Ballroad Uneaployment Insurance Administration Tond equlTalent to amounts of taxes
collected for the period January 1936 through J\ine 1939 from enplo.'J-ers subject to the Ballroad Unenqjloyment Insurance Act.
Tfaeee
anounts aggregated 117.7 million and vere distributed by calendar
3/
U/
5/
•
5
-3.3
years, as follavs!
I936. $2.7 allllos; 1937. $5-3 allllont 1938.
$6.8 Billion; and for the first six months of the calendar year
These amounts are Included in Table I under
1939i $2.9 million.
federal TlQflaq>loyBeBt Tax Act (une^l^yvent insurance).
Includes only axpanditures fna ^pxopriatlone made specifically
for adfflinlstratlTe expenses relating to the Railroad Uheoiploymaat
Insurance Act.
Bepreeents excess funds of the Ballroad Qbeqploynent Insurance Administration fund (under Act of Oct. 10, 19U0).
CoTored by appropriations by Congress.
..
..
2
.
6
8
Treasury Bulletin
Ik-
Social Security Program
Section
II -
(Continued)
-
Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi/
(CunulatlTe fron organization - In nllllonB of dollars)
Xxpondl tursB
Recalpts
kd
of fiscal
jaar or aonth
Total
r«e«tpts
Appropriations "by
Confess
782.7
1.199.*
1.792.1
2.536.2
3.502.8
8.935.8
1938
1939
igw
19U1
igua
765.0
1.155.0
1.705.0
2,393.1
3,288.8
u.ing.j
5.711.»
7.0Z1.3
8,259.5
9,300.0
9,370.0
8,6111.5
8,68lt.5
9,6>t6.2
8,960.7
19V
19UU
11.720.7
19U5
19U6
7.51*9.8
6.116.0
1946- September.
October.
November
.
.
Source:
1/
2/
loToetnants
Total
Old-age
axpaod- banaflt
Itnres pBToests
iti».e
5.U
19.3
U7.1i
1113.1
S1.5
''.7
138.6
275-6
1*52. U
669.6
676.3
936.it
1.2911. It
21U.1
685.5
685.6
685.6
Unexpended balance
Total
InvestIn Oenaral
aents
1,1103.2
l,ltlio.7
l.'»77.5
777.2
I.ISO.3
19.3
35.1
99.5
209.8
359.1
5U3-7
783-5
I.IOU.O
12.3
1.7't'i.7
39.1
65.9
93-U
126-0
152.9
2,397.6
3.227.2
U. 268.3
Q&lly Treasury Stataaent.
Include* transactions effected under the predecessor Old-A^ Beserre
Account
Under Section 201 (f) of the Social Security ict amendments of 1939.
113.0
1.9
.1
2. 383.
d
10.8
5-2
20.lt
6.613.U
7.6UI.U
t.7
7.1
9.1
193.3
19>t.5
195.8
3/
officer
account
3,201.6
11,236.8
5,liog.9
6,51*6.3
7,5''8.7
7.0
16.1
32.0
U3.«
35.1
U9.2
7,896.8
7,929-3
8,168.7
7,838.7
7,828.7
7,828.7
1.5
5^.3
295.3
l|lt.7
5.ltU6.Ii
190. ll
1,205-3
1,239-1
1,272.7
662.3
1,177.2
1.738-1
In disbar sing
'
Ttmd
^
87.1
17.7
Salaries,
Bureau of
admlnlstratiTO Old-age and
SuTTlTors
a^qtensas 2/
Insurance
Belm1)urBeDent
for
2lt.5
a.
It
56.6
"6.3
Under prorlsigne of the Labor-Federal Security Act, 19lt7, salaries for the Bureau of Old-A^ and SurrlTore Insurance are payable directly from the Federal Old-A^e and SurrlTOrs Insurance
Trust Tnnd.
Table 2.- Railroad Retirenent Account
(CuoulatlTo from organisation - In mllllona of dollars)
Sipenditures
Racaipti
^d
of fiscal
year or month
Total
receipts
II17.9
1938
1939
268 .U
390.8
506.9
650.9
871.5
19I10
19111
Appropriations
by Congress
Interest on
InTeatments
l.U
3-6
5-9
79.8
185.6
298.7
C98.5
8.U
1119 -9
63q.it
S5it.2
5116.1
llt6.5
26I1.8
Vh.9
Thiei^ended balance
Benefit
paynentt
InvestBentB
68.1
82.7
92.1
87-0
1.116.9
I9h5
l.lltU.l
l,lt6s.l
11.6
17.3
27.2
l.i*25.7
ll2.U
952.5
19116
1.780.1
1.717.8
62.3
1. ioit.it
2,078.5
2,078.7
2,078.8
2,016.1
2,016.1
2,016.1
62.5
62.6
62.7
1.160.8
931 -I*
917.8
I, n't.
90lt.6
19112
19113
19UI1
19lt6-September
October. ..
VoTeabar
Source:
.
676.6
8U.0
1,11*7.1
lOlt.8
1911.9
333-0
515-6
675-7
Dally Traaaury Statement.
Table 3.- Unemployment Trust Fund
66.2
67.2
79.1*
7i*.0
In General
Fond
In disbursing
officer's account
.2
1.6
13.2
10.8
23
U.l
1.1
1.8
10.5
11.7
12.8
11.U
•5
1>».7
91.5
178.0
3I8.5
500.5
657.0
1:1
9
17.8
782.0
812.5
799.0
W.l*
16.0
16.0
89-3
89.2
l6.lt
January 1^47
15
Cash Incone and Outgo of the Treasury
Table I.- Cash Incone and Outgo, by Major Classif icationsl/
(In uillloiii of dollars)
Treasury Bulletin
i6
GENERAL
FUND
OF
THE
TREASURY
January 1947
17
Assets of the General Fund of the Treasury
(In fflllllone of dDllars)
Snd of flBcaa
year or month
Bullion, coin,
and currency
1937
193«
1939
Deposits In
federal fieeerre
Banks
Special deposite
acco\2nt of sales
of Government
securities
Other deposite
and collections
2.709
2.U19
3.087
2.038
2,812
19U1
VjkZ
lltl
61*9
929
1.022
?5U
611
776
981t
1,021*
661
1U3
3.1*3
10.IU9
19110
1,863
827
I.19U
87U
897
911
820
708
1.679
7.667
18,007
22.622
12.993
265
533
507
289
305
55
52
95
105
8O5
1914II
20.
19U5
191)6
25,119
1U,708
ItOU
603
1.038
1,1«2
1.500
1.006
lQl45-HoTBml)er..
llt,61t9
523
1.372
26,520
527
1.671*
12.691*
2l*,0Ul
260
275
25.851
26.U1U
U90
U99
U6U
1.011
1,209
2.160
2U,030
21t,W7
21.776
320
259
2't.7't3
21.293
18,859
1U,708
"tlU
1.121*
U07
l40lt
1,230
1,006
19,502
l6,9U9
12.993
253
273
305
377
301
273
19'tJ
December.
iglJ^-Jannary
.
February
March
.
.
April
May
June
July
n5
llOU
10,961
Ul6
U29
702
872
September
IS.MtU
II.U31
10,52U
1.1*1*5
8.377
October.
Nov saber.
8.393
6,965
uzz
U16
"?
821*
3l'3
6.936
Au^st
.
.
Source:
9.8>*2
262
239
5,'»87
Iblly Treasury Statement.
Balance In the General Fund of the Treasury
(In millions of dollars)
lind of fiscal
year or month
Total
Total
assets
liabilities
2.709
1937
1938
1939
2,1*19
I9UI
3.087
2.038
2.812
191*2
156
203
2l*8
3.Wt3
I9I1O
11*7
179
Balance in the
General Fund
2.553
2,216
2,838
1.891
2.633
191*3
10,11*9
gf
191*1*
607
2.991
9.507
20.169
191*5
20.775
25.119
1*21
2l«,698
191*6
W.7O8
1*70
11*.
ll*,8U9
1*01*
lU,l*U5
26.520
517
26,003
uau
25,1*27
February.
25,851
26.U1U
25.961
March
21*, 71*3
U53
376
April
May
June
21.293
18.859
1U,708
359
323
20.935
18,536
1*70
ll*,238
July
12,1*1*1*
'•15
12,029
Au^st ....
11,1*31
10,521*
391
353
11,01*0
8.393
6,965
323
300
8,070
6,665
19l*5-HoTember
Ceceaber.
-
191*6- January
.
.
September.
October.
Hovember,
.
Source:
Dally Treasury Statanent.
238
2it.367
10,171
.
.
.
.
Treasury Bulletin
18
Analysis of Change In Balance of General Fund of the Treasury
|_In
TlBcal Taar
or Bonth
Total
change In
&anaral
fund
balanoa
mllllone of dollars - B«t Inoreais or net daoraaaa (-)]
OoTemaent
corporations,
(vholl7 owned)
etc.
1937
193«
1939
19M0
19U1
-128
-338
622
-9U7
l?i»2
19111*
358
6.515
10,662
19115
19I16
7't2
19U3
Tmst accounta,
General and
special
account a and
Public debt
accounts
TroBt
accounts
2/
(net) 1/
-3.119 1/
-I.38U
-3.5t2
-3.611
-5.103
-19.598
-55.897
Increment
Sel^lorage
on gold
on silver
2.7't6 8/
792 8/
3.280 1/
2.528
5.99U
23,1461
-99
-51
-5
275
255
88U
19
11
29
37
-1U8
37
90
90
U9
20
-3.506
-1.861
-U,05l
66
ato.
Special
CheOtciQg
deposit
accounts of
accounts
Oovemaent
and misafenclea,
cellaneous
etc. 5/
funds U/
lit
Clearing
account
6/
3lU
20U
11
768
3"
-218
92
2W.
-3,625
-2,19U
lli8
SOU
1,669
-6U7
2
16
-»19.595
-53.9ltl
6U.27U
6U.307
57.679
-io'Mo
-20.676
10.7I40
-52U
675
-30
1,632
11.558
-2,208
-895
}.52«
12.773
315
-319
318
-228
17
.
-577
53't
-1,0U2
2U3
1.902
772
327
-3,201
-307
-36
-295
-229
7atoraax7.
"3
30
21
-167
.138
-87
-11
-1.591
-1,131
-873
-2,11k
-1,316
-3.161
272
U8
-265
91
181
-135
37
153
-190
-37
-9
57
-93
t8
23"
18
70
-1«7
-17t
-Ilk
91.
-kill
k2
19
156
15
55
22
160
-U9
-22
19'*5->OTaabor.
Dacaabar.
I9ll6-Jainiar7.
March
-1.593
April
May
Jaaa
-3.'«33
Jalj
-2,209
-989
-868
-1,105
Saptaabar.
1.723
-1.152
-72t
-2.177
Oetobar..
Hovenber,
-2,101
-l,U05
-1«0
-165
-1,837
-1,255
Aoffuat....
Sonrevi
Hotti
*
1/
Zj
^
]l/
-2.398
-*.298
-"•99
Sail/ fvA%9Tj 8tat*vtnt.
B«£lnnla^ with flteal year 19'*5 certain rarliloa* kaT« baan aada
Id thli table.
8e« "Treaewr BolletlD," Saptaabar 19^, pa«e ;.
Uae than I5OO thoueaad.
Tble le the aat bad^etary deficit (-) ar earplae. tzclude* uioaate
for pobllc debt retlraaeat which are charcaable to the elaklac faad,
etc., ander apaelal prorleleae ef law and beglaalac with fleaal year
19^ inolvdee OoraraaeBt corparatloae (wholly ewaad) etc. (net).
Coaprleee Yadaral Old-A^a and SarrlTore Inearaaco Troet foad.
latlonal Serrlce Life Inenraaoa Tund, OneHployaant Tniet Tond. lallraad Ketlreaent Acceaat, OoranuieDt lavaraace and ratlraaaat fimde
(See footnote k.)
and other trait accovnte.
Ohargee for ratlraaent of national bank aetee are reflected In thin
atateaent directly acatnet iDcreaaBt oa fold. In the year* darlac
which the retlraaenta ware actoally aade.
(See footnote 8.)
Coaprleae Pvhllo Vorin Adalaletratlon rarolTlag fond, apaelal da-
791
-22lt
2l|8
k
-101
-1.553
-95
-2lt
-10
I46
102
X^
I
-it,i«)3
31«
27
poalte (not), and. dorlac ^^ fiscal years
thronfh 19115,
tranaactloaa la coaaodlty food ataapa by the Dapartaent ef A^icaltura.
Ooaaenclnc July 1. 19^^! aneh traaoaotloaa are olaaalflad la
the oolum 'Truat aoeoonta'.
Bafflanla; with flacal year 19^ raproaeata aalea and radeaptlone of
obll^atlona ef OorernjieBt eorporatloaa, etc., la the aarket (net).
Eepreaeato •atotandlac checks, aee lote.
Ineladea laaetWe gold la the aaeaat of $1,087 alllloa.
Ixpendltoraa for the ratlreaent of national baak aotaa froa Incra*
ent oa cold for the flacal yeara 1937 ^e 1939 (* shown below) are
not refleetad herein, but are reflected aadar Incraaent on gold aa
followsi
1937. 199 allllon: I938. $51 allllon; and 1939. $5 "llllon.
The Inereasea In the pabllo debt abown In the table "Meana
of floanclnc Caah Roqnlreaenta" for the abore flacal years will act
scree for the reaaon atatad above.
19
January 1^47
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
20
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A - FISCAL YEARS, I937-I9U6
(In Bllllone ef dellire)
Jtme 30,
1937
Treasury Bulletin
21
January 1947
Detailed Stateaent of the Public Debt and Guaranteed Obligations
of the United States Govemoent
^
-
(Continued)
Treasury Bulletin
22
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
Billions
py^iij [)g(„ g„j, Quoranteed Obligations
270
1937
"38
"39
'40
"41
'42
END OF FISCAL
'43
YEAFi
'44
"45
-46
'
Nov 30.
'946
Office of the Secretary of the Treasury. Division of Research ond Statistics
END OF FISCAL YEAR-
B-462-C
January 1941
23
Special Issues to United States Government Agencies and Trust Funds
^
(In nlllloiXB of dollari)
federal
01d-A£e
and
Federal
Taderad
OoTonuDent
Sari age
OoTonuient
Deposit
Life
and Loan
Betireneot
In«ur&aae
SttTTlTOrt
Insurance
Insurance
Funds
Corporation I a en ranee Corporation
Txind
Tniet Tttnd
Outitandlas *^ *<i<l of
flical year or Bontb
1.55«
2.676
3.770
».77?,
6,120
1937
193<
1939
19110
19IH
I9l»2
95
85
101
56
90
267
662
1.177
1.738
2. 381
m
7.8*5
10.871
lU,2B7
18.812
22,332
19't3
19144
19't5
19116
19><%-<0T«il»r.
Dflciabar.
19l*6-JaAUAr7.
r«bru*r7.
March
500
523
537
52U
531
95
103
98
97
120
l».766
20.710
20.000
152
10
5.566
5.416
20.655
20.897
21.135
65
70
85
5.>>06
5.lto6
April.
Z1.22lt
85
Ma/
Juna
21.>tgl
22.332
85
120
July
23,0't5
171
5
106
27
37
5.308
5.910
537
538
502
796
1.076
39
352
1,213
3.187
l.lt69
602
605
2.163
2.166
3.802
3.850
5.586
"5
K5
46
606
606
612
2.148
2,144
2,106
•.785
5.581
5.581
5.910
46
H7
U?
612
612
684
2,089
2.090
2,177
'•.935
50
50
52
889
939
1,012
2,llOlt
2.399
2.388
5.330
5.520
5.570
1.135
1,207
2.379
2,387
I7l»
17'»
Ootobar.
BoTembar.
2U.015
179
179
6.190
6,190
Dally Traaaury Statameat.
niaaa iacarltlea ara Includad la tha datallad atatflnent of tha
public dabt on pa^a 20 and 21.
2/
y
Other
2/
312
872
1.267
1.710
2.273
92
178
]l
38
3,lll»
66
67
56
199
268
464
782
3
40
44
23.85*
Railroad UneBploysent
Hetlreaent
Trust
Aficount
Tund
2?
128
97
88
5.2l'0
23.>tl»3
1/
559
656
1.868
2.177
S«pt«nb«r
Sourea:
Poetal
SaTlags
Systev
2/
316
61^
5.910
5.910
6.200
211,254
Vatlonal
Ssrrlce
Life
Insurance
Fond
26
20
U
19
6.699
18
18
17
15
12
6.988
6.798
13
13
6,71)8
6,7lt8
6.668
12
12
12
12
12
12
6, 61m
4.257
5.610
319
6.7l>7
501
657
728
"56
506
530
592
657
810
796
782
6,784
6.779
12
26
26
890
908
5.2l»0
6.588
6.673
6.699
870
5.100
667
8I6
gUU
1(.680
668
608
628
782
4,450
§1
812
799
6.75'»
26
6,85U
31
65l»
Inoludaa Canal Zona, Postal SaTln^a Systaa.
Inoludaa Adjuatad Sarrloa Cartiflcata Tund, Mutual Mortga^ Inauranca ^und, and War Houaln^ Inauranca fund.
Guaranteed Obligations Held by the Treasury
1/
(In allllona of dollara)
Coomodlty
Crsdtt
Oorporatlon
Xnd of flaoal
yaar or month
Tadaral
Fara Mortga^
Corporation
1937
1938
1939
1940
19U1
3,630
883
104
302
140
19112
19lt3
1».079
1)00
263
19I16
7,535
10,717
12.169
11.673
1.950
900
1.591
1.301
366
108
13
19li;.l0Taabar.
Dacanbar.
12.1911
11.780
1.625
1.255
Tabniary.
March
11,678
11,508
11.282
1.272
1.191
1.069
50
27
19
13
radaral
Publlo Housinc
Authority
191*
^"^
19ll6-January.
.
Hoaa Ownara'
Loan
Corporation
25
15
20
10
25
20
85
271)
283
398
360
94
Raeonatruction
Tinanea
Corporation
Tannaaaaa
Tallay
Authority
3.605
864
2U3
7
551
212
580
1,010
737
52
20
57
2.53'»
9.020
9.205
57
57
57
57
57
5.033
8.1>l6
383
383
37
88I4
9.136
9.126
57
57
860
830
807
9,oU6
8.998
8.930
57
57
57
383
61
900
383
383
383
76
9,021
57
57
57
April
11.373
May
Juna
11,6145
II..673
1.105
1.259
1.301
360
780
763
737
July
.
500
500
500
360
360
694
675
9.235
9.215
9.129
57
August.
Saptaabar.
10,871
10,826
10,721
Octobar.
Horambar .
10,709
10,6«5
504
500
360
656
642
9.132
9,126
57
57
.
.
Sally Traaaury Statanant.
Laas than $500 thousand.
1/
9.1614
9.205
57
57
Thaaa aacurltias ara not Included in praeading atataaenta of guarantaad obligations outstanding.
)
.
.
)
Treasury Bulletin
su-
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Governnent
(Afflounts
In millions of dollArs)
Public d<^t 1/
Public debt and guaranteed obligatione
bd of fisc&l
7ear or month
Interest -beerlnf
debt outstanding
Collated
annual
Interest
charge
Coiq)Uted
annual rate
of interest
(Percent)
(In mlllioni
(In mllllone of dollars)
10,1165
Itl.Uzg
l,0lt7
Interest-bearing
debt outstanding
2.58S
2-57?
2.536
i.ao3
1.335
2.51'*
35.800
36.576
39.886
fe.376
5^. TUT
2.638
'•8,387
76.517
139.472
201,059
256.766
268, 57«
1937
1938
1939
19M0
1.729
2.759
3.869
5.969
5.357
2.260
1.978
1.925
1.935
1.995
263.3*6
276. 2U6
^^33
I.9U9
1.963
262,81*9
•5.336
U7,g7U
WW
19'»2
19^3
19W
19'*5
19U6
19't5-l0TSa)>er.
December..
i,o6«
l.l'»9
uzk
71.968
135. 5«>
199.5't3
256,557
268,111
275.696
278.001
5. ''72
278.
275.290
5.W7
5.*5
1.968
1.970
1.978
277.1«56
Tsbruarjr..
March
Iprll
273. 2W»
5.'t30
1.987
H^
271.983
268.578
5,U2U
5.357
1.991.
June
1-995
272.711
271. WtO
268,111
Jul7
August.. ..
Septeaber.
267.363
266,729
26U,608
5.368
5.371
5.358
2.008
2.01U
2.025
267.039
266,359
26U,217
October...
HoTsmber.
262,792
261, 2<6
f'J!2
r.s2i
19U6-Jsnuar7.
.
"tSl
277.912
2711, 7U«
262.>tl5
260,925
ttf
Confuted
annual
interest
charge
dollart)
92U
9U7
1.037
1.095
1.218
Guaranteed obligations 2/
Coi^uted
annual rate
of interest
(Percent
Interest-bearing
debt outstanding
Coi^uted
annual
interest
charge
(In millions of dollars)
Confuted
BnTniftl rate
of interest
(Percent
January 1947
25
Statutory Limitation on the Public Debt
the
3eoond Liberty Bond Aot,
aa
that the face amount of obligations
Issued under authority of that Aot, and the faoe amount
of obligations guaranteed as to principal and Interest
Section ?1
of
amended, provides
by the
held by
United States (except guaranteed obligations
the Secretary of the Treasury),
shall not ex-
ceed
in
the
aggregate J275 billion outstanding at any
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
of the owner,
are Included In the statutory debt limitation at current redemption values.
one time.
Table 1.- Condition as of November 30, 1946
(In milUoiis of dollars)
Haxlmum amount of eecurltles which nay be outetandln^ at any one tine, under llnltatiODB Inposed by Section 31
of the Second Liberty Bond Act aa amended
$275,000
,
Amount of securities outstanding subject to such statutory debt limitation l/:
U.
S.
OoTemnent securities Issued under the Second Liberty Bond Act, as amended
Onarantsed securities
$261,338
^
370
Total amount of securities outstanding subject to statutory debt limitation
26l,708
Balance Issuable under ench authority
Source:
\/
13,292
Public Debt Service.
For comparison with the total inbllc debt and goaranteed securities
^
outstanding, see following table 3.
Ixcludes guaranteed securities held by the Treasury.
Table 2.- Analysle of U. S. Governinent Securities Outstanding Subject to Statutory Debt Limitation
and Comparison with the Public Debt Outstanding, November 30, 1946
(In nllllons of dollars)
Public debt and guaranteed obligations outstanding
Subject to
statutory debt
limitation
Pabllc debt and guaranteed obligations outstanding:
Public debt:
Interest-bearing securities:
Marketable Issues:
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds - bank restricted l/.
Treasury bonds - bank eligible
Postal savings and other bonds
Total marketable issues
Bon-marketable issues:
n, S. savings bonds (current redemption value).
Treasury savings notes
Depositary bonds
Armed forces leave bonds
Total non-marketable Issues
Special Issues to Government agencies and trust funds.
Total Interest-bearing secorltlee
Matured securities on which interest han ceased
Obligations bearing no interest:
Onlted States savings stamps
Bicess profits tax refund bonds
Special Botes of the United States: International Bank for Reconstruction and
Development Series
Currency items, etc. ?/
Total obligations bearing no Interest
Total public debt.
Guaranteed securities ^:
Interest-bearing securities.
Matured debt
Total guaranteed securities.
Total public debt and guaranteed securities outstanding.
Hot covered by
•tatutoiy debt
Total
limitation
000
17,000
30,'*75
30,'*75
13,351
13,351
17-,
'•9,636
149,636
69,686
179
180, lU«
69,686
179
179
180,338
''9,709
1*9,709
5,978
5,978
3''5
31*5
311
311
56,3^3
56,31*3
311,3511
3l*,35lt
360,71*6
179
260,925
331
336
83
32
83
32
3lt8
3>*8
75'*
362
75't
261,338
938
363
370
261,708
938
75't
2
. .
. ,
.
.
Treasury Bulletin
26
Analysis of Issuance and Retirement of Public Debt
(la BllllonB of dollars)
Public
debt
oat-
fiscal year
or ooDth
tandlDg
end of
flecal
year or
month
Public debt receipts
(Issuance of public debt)
In
pnbllc
debt
during
fiscal
year or
month
Cash
1/
Public debt expenditures
(Betlrsment of public debt)
Public Issues
Not
change
Public Issues
Special notes
Certifiof the
Szcess
cates of
Aneed United States
profits
Indebt' Adjusted
Special
exforces International
tax
ednees,
serrlce
Issues
leare
Bank for Re- refund changes
vpeclel
bonds
bonds
conatnictlon bonds
series
and Derel op2/
men t series
1937
36,1(25
2,6U6
1938
1939
19M0
37,165
7110
110,1*0
142,968
1*8,961
3,275
2,528
13,081*
7,'*75
lUi
13
7
13,166
5,991*
17,81*7
7,191*
10,1*62
8
2
ig"*?
7a,l>22
Wii?
23,1161
6ll,27U
6i*,307
19^
136,696
201,003
258,682
19>t6
269,1122
37,16U
122,632
153,785
179,159
150,988
••
19U1
19*
57.679
10,7'«)
19l«3-HoTaBber.
265,31*2
3,52't
Decaabar.
278,115
278,887
279, 2lU
276,012
12,773
772
327
-3,201
-2,llU
-1,316
-3,161
19U6-Janu&r7.
February.
March.
i^rll....
May
Jime
July
August
273,898
272,583
269, U22
-1,152
Septefflber
268,270
261,5^6
265,369
October..
NoTeober.
263,552
262,277
9,589
9,621
11,168
26,6U8
12,938
11,600
9,61*3
9,309
7,6r
i2lt
21,021
ce:
*
1/
.
-72'*
-2,177
1.751
2,67U
3,035
2,812
3.IU2
18,790
U
89 1*
3l*,183
ll*,l*10
88
31,036
16,263
>*8U
II
-8
3,777
3,332
-3
11,951*
123,958
129,663
103,116
1*91
131*
l.TO
761
273
372
207
1/
2/
6,963
8,881
9,809
10,65s
11,853
7,61*3
13,876
12,166
11,273
12,81*6
11,1*23
271*
7,283
5,925
2l*0
Dally Treasury Statenent.
Lees than $500 thousand.
bcludes certlf Icatee of Indebtedness, special series.
2US
2/
21*, 185
776
11,211*
1*22
9,71*5
it55
l.UMo
1,775
70
8,98&
12,182
2,31*1
7,371*
6,02l*
6,625
5,166
5,301
5,680
5,816
13,703 8,693
58.358 35,676
89,678 63,202
121,1*80 77,608
11*0,21*8 95,985
2,775
2,916
1,223
6,371
8,1*1*1
ISO
91
3,133
2,820
6,283
7,395
6,067
9,025
2,159
2,567
l*8U
303
17,?U
10,969
22,300
8,85U
6,376
6,138
1,1*99
5,876
8,318
10,611
30,388
9l*,96l
10,062
9,019
8,818
-1,837
-1,255
.
6,199
",776
Cash
Total
Certificates of
Indebt.
Special
bedness,
cban^es iBsuet
special
series
232
252
10,995
10,862
9,696
7,596
8,815
8,728
6,288
9,578
8,685
8,968
10,079
1,751
2,676
3,035
2,812
567
i.oUi
l,''75
5,11*2
303
17,911
691
k
iteU
2,lU6
2,896
l,W2
l*,ui
5,332
18,790
36,183
31,036
9,8«5
12,766
3,777
3,332
6,99"*
67
800
107
6,951*
31
3,133
2,820
133
U8
2,775
17
11.331
8,236
8,696
8,610
2,916
1,223
II
2,51*1
1*1*
9,351
7,908
1,61(0
71
1,775
lU
Consists of special series of certlflcatee of Indebtedness
Issued directly and solely to Federal Reserre Banics.
Composition of the Interest-Bearing Public Debt
Intereat-bearlDC public debt outstandlas
(In Billions of dollars)
Psorcant of Interest-bearing public debt
Public Issues
bd of fiscal
year or month
Marketable
1937
1938
1939
35.800
36.576
59.886
I9I1O
1*2.576
1*8.587
191*1
Honoarket-
Marketable
a]>le
6.585
5.698
2.508
11.86U
100.0
100.0
100.0
100.0
100.0
53-2
1.6
s
IU.6
16.0
17.7
18.0
l(l*.6
38.281
57.716
6.689
9.168
3.015
15.298
9.557
10.136
6.711
7.21*5
8,ol*3
1*1,613
60,399
20,655
20,897
21,135
18,261
18,261
18,261
7,365
7,166
7,127
6,711
17,032
17.067
38,1(08
17,051*
36,828
13,551
15,551
15,351
6,669
6,688
6,096
37,720
1*9,950
17,061
17,059
17,023
17,026
17,007
50,078
50,366
13,551
15,551
6,003
5,978
32,1*78
262,81*9
109,566
120,619
1*7,970
1*8,679
23,1*98
I9U6- January. .
Tebruary.
March
121,538
1*9
277,912
121,811*
1*9,163
l*9,is6
27l*,768
121,557
272,711
May
June
July
271,61*0
121,557
121,557
119,502
119,502
119,502
119,502
268,111
August .
SeptsBber.
October.
HoTsnber.
.
Source:
,061
277,1*56
April
267,059
266,359
261*, 217
262,1*15
260,925
119,502
119,502
Dally Treasury Stat^ant
u.e
8,107
U3.8
U3.8
18,261
275,696
l(l(.6
Kl.7
100.0
100.0
100.0
100.0
100.0
lOO.O
100.0
100.0
100.0
17,1105
25. '•97
1*9,261*
1(9,31(5
1*9,662
69,730
1(9,878
22,967
19,551
19,551
18,261
9,058
8,235
3l(,80l(
36.1*73
3l*,l*78
30,675
ll».73li
l6,987
17,000
21,221*
21,1*81
22,332
25,0l*5
23,1*1*3
23,856
21*, 015
2U,25'*
100.0
100.0
1*3.8
1(6.2
W*.5
1*1*.
iii».9
1*5.
1I5.5
1*5.8
l*-3
7-3
9-5
ll.J
12.6
7
100.0
100.0
090
1*9.1*62
6.1*
17.7
17.6
17.9
18.1
18.2
20,710
20,000
^
U9.502
Special
Iseues
3-2
18.2
17.6
17,026
17,037
106.61*1*
1*2.6
Certificate a
of
Indebtedness
29.7
25.0
18.2
15.1
11.8
9-2
6.8
17,01*2
79.1*110
256.357
268.111
able
18.1*
35,021
38,155
•1,502
199.51*3
3.096
16.561
28.822
36.136
1:1
arket-
U.2
17.061
17.039
191*6
1965
1966
7.1*95
5"^
Marketable
Hon-
?-^
6.8
8.7
31*. 801*
71.968
135. 380
.
able
3.3
9.11*7
7.885
10.871
lU.2g7
18.812
22.332
'
arket-
56.2
60.3
65.7
65.1
62.8
10.617
191*3
Deceaber
Marketable
Bon-
100.0
100.0
100.0
100.0
100.0
IO.U96
21.70U
26,751
Total
1.558
2.676
5.770
6,775
6.120
30. UU
25.1*11*
Special
Issues
2.303
1.156
1,508
1.502
1.603
1.188
1.556
2,151
3.166
6.555
20.131*
22.01*3
1962
l9ll5-HoTe«ber.
Honmarketable
Bonds
Certificates
of
Indebtedness
7.1*
k.O
2-5
6.3
12.2
lU.U
15-3
13.0
6.1*
11.0
8.0
7.2
7.3
8.3
8.9
8.3
3-»
3.0
13.3
13.8
6.5
6.2
7.9
7.3
7.0
7.0
6.6
2.9
5.0
2.7
15.0
6.1
W.O
6.1
6.2
7.5
7.5
7.7
18.1*
6.7
6.7
6.8
18.6
18.7
19.0
5.0
5.0
5.1
2.6
2.6
2.5
2.5
2.5
2.3
19.1
19.3
5.1
5.1
2.3
2.3
u
16.7
lU.l
13.6
13.0
Ik.l
15.7
6.6
1'..0
6.1*
7.8
7.9
8.3
8.6
8.8
9.0
12.1*
6.5
6.5
9.1
9.3
11.7
6.2
n
6.U
6.1*
27
January 1947
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States
As of November 30, 1946
^
(In Billions of dollars)
Aaoont of aaturltles
Tear
and
month
Description of security 2/
Treasury bills
Certificate
7/3*
1-1 /2?t Treasury note
19U6-Dec
3,330
Tarlous
1/1/17
1/1 /U6
taxable
wholly
taxable
5,a52
Various
2/1 /U7.
it,95ii
2/1 /U6
taxable
taxable
3A/>t7.
3/15/^7-
1,'9M8
3/1/U6
6/26/UU
taxable
taxable
5,223
3,768
3,261
12,252
6,525
1/1 /U7.
1/1 /U7.
W
!•
rinal
maturity
taxable
taxable
12A5A6-
Treasury bills.
7'
Certificate
7 'g<
Tax
status i/
tazabltt
-
Treasury bills.
Conversion bond
Certificate
7 'iit
Nar..
?lrst
call
Date of
Issue
Various
12/1/U6.
3;'
Teb..
maturlty
lesuas
Callable Issues
classified by year of:
12/3/1*5
6/5/1*2
-
Total.
19U7-Jan
n«d-
Certificate
1/U* Treasury note
13
7
Certificate
U/I/U7.
2,820
U/1/U6
taxable
June-
7,
Certificate
6/1 /U7.
2,775
6/1 /U6
taxable
Jxily
7,
Certificate
7/1/^7.
2,916
7/1 /U6
taxable
8/1 /1»7.
1,223
8/1 /U6
taxable
9A/H7-
2,31*1
9/1/U6
9A5A7.
2,707
1,687
taxable
taxable
taxable
Au£.
Certificate
7,
Sept.
7,
S%
1-
l/25(
I/U56
Certificate
Treasury note
Treasury note
9A5/H7.
U-l/Ult Treasury bond
7/8J(
Hov.
7/8*
Certificate
Dec.
2*
IO/15/U7-52.
Certificate
Treasury bond
10/1/1(7....
11/1A7.
12/15A7-
Total
Treasury bond
•
Sept
.
6/15/U8....
2-1/2* Treasury bond
1-1/2* Treasury note
.
Dec
2*
9/15/1*8.
taxable
Treasury bond
2*
3-1/8* Treasury bond
2-1/2* Treasury bond
Sept
Dec.
.
.
.
3/15A1
12/1 /U2
3/I5M
partially
taxable
12/8/39
partially
3/15/3?
3,7'is
571
2,910
i,oiu
1/15/U2
taxable
9/15A9-51.
1,292
5/15/U2
taxable
- 12/15/1*9-51
- 12/15/U9-52.
- 12/15 A9-53-
2,098
7/15A2
1*91
12/15/3;*
1,786
12/15/36
taxable
partially
partially
3/15/Ul
10/19 /Us
taxable
taxable
9/15/38
u/15
5/U3
partially
taxable
12/8 A9
6/1
partially
taxable
-
6/I5/U9-51.
6,682
Treasury bond
Treasury bond
-
2-1/2* Treasury bond
Treasury bond
2*
-
9A5/50-52.
9A5/50-52-
Treasury bond
2*
1-1/2* l^sasury bond
1,115
3/l5/l«-50.
3/15/50-52-
- 12/15/l*»-50.
Total.
taxable
partially
3/16/36
3,062
Total.
2*
2*
partially
759
1,115
1.223
7,261
Treasury bond
Sept.
195&-Mar
i2/i5/3«
701
12/15/U«-50.
Treasury bond
Treasury bond
19U9-June.
.
1,775
9/15/U8.
Total
Dec .
taxable
11/1/1*6
3/l5/i«!-5i.
l-SA)' Treasury bond
.
partially
10/1 /U6
3/i5/U«-50.
2*
June
759
1,1*1*0
1*5,51*0
2-3/*** Treasury bond
19lt8-ter
A /w
A 6/22
10
12
- 12/15/50...
1,963
1,186
"
1*.939
571
2,635
2,635
8.088
(Contlaned on follovlDg paee)
1,687
Earliest date
on which commercial banks
may ovn bank
restricted
issues U/
28
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States 1/
As of November 30, 1946 - (Continued)
(In milllone of dollare)
Treasury Bulletin
January 1947
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States U
As of November 30, 1946 - (Continued)
(In mlllionB of dDllare)
Tear
and
month
H
Treasury Bulletin
30
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Date
terma of
offering
were
anno one ed
tbte
Bubscrlp-
Period to maturity
tlon
Description of seourlty
(Period to first call
shown in parentheses]
l>ooks
were
opened
CDatfl
of Issue 1b shown In parentheses)
1/
Amount of
suhacrlptlons
tendered
Cash
Amount issued
In
exchange
for other
Beourltlee
Tot
sash
Exchange
SJ
Allotment
ratio
(In mlllione of dollars)
"
Sth
War Loan eeourltiee:
J/
2-l/2)i Traas. hond- 3/I5/65-7O U/ 5/.
It/lU/W)
6/12/1*1*
7/8^
7/20/lA
.
Treae. bond- 6/15/52-51*
1-1/U)t Trees, note- 3/15/1*7
•
Certificate-
8/2lt/Wt
7/20/1*1*
g/2lt/l*H
8/2lt/lH*
7/8*
7/8*
1*
CertificateCertificate-
8/2l»/l(U
9/20/Wt
9/25/1*1*
7/g)S
Certificate-
Treao. note -
(6/26/im)
11/20/1*1*
11/17/W4
11/20/1*1*
1
1
(12/1/1*1*)
Jt/
(12/1/1*1*)
(12/1/1*1*)
Certificate- I2/I/U5
11/20/1(1*
1/22/1*5
2/19/1*5
3/22/1*5
V19/U5
(12/1/Ul*)
.gojS
Treae. note 1/1/1*6
2-l/2» Treae. bond - 3/I5/66-71 8/ U/. (12/1/1*1*)
- 12/15/52-51* S/
Treae. bond
25!
(12/1/1(1*)
1-1/U)t Treae. note 3/lL^/k7 8/
(12/1/W*)
Certificate2/1/1*6
(2/1/1*5)
7/8*
Certificate3/1/U6
7/8)6
C}/!/"*?)
U/l/l(6
Certificate(U/I/U5)
7/8*
Certificate5/1/M6
7/8*
(5/1/1*5)
7th War Loan se curl t lee:
Vll/U?
5/21/115
7/23/lt5
8/20/U5
5/11*/
5/21/U5
7/23/1*5
8/20/1*5
9/2U/U5
11/19/U5
12/17/1*5
1/21/1*6
2/18/1*6
3/20/1*6
5/20/1*6
6/ll*/U6
7/17/1*6
10/29/1*5
9/2U/U5
11/19/1(5
12/17/1*5
1/21/U6
2/18/1*6
3/20/U6
5/20/U6
6/ii*/i»6
7/17/1*6
8/19/U6
8/19/U6
9/18/U6
9/18/1*6
10/21/1*6
10/21/U6
n/18/U6
12/18/U6
c«:
i.a.
1/
2/
^
11/18/1*6
12/18/1*6
2.511
2.
2.511
3.69'*
3.691*
788
'788
3.1*92
,
yr
3. '•92
1
(21 yr.3 m)
(8 yr)
3.1*118
7.922
1.550
I1.395
1 yr.l m
26 yr.3 m
(21 yT,3 m) 2/
10 yr
8 yr) 2/
(
2 yT,9a2/
1/
3/
3.U16
3.1*16
7W
7M
5.0^3
yr
1 yr
1 yr
1 yr
1
5.01c
01(3
I*
.11*7
I1.8U
1.579
1*,811
1.579
(6/I/U5)
(6/I/U5)
(6/1/1*5)
27 yr
17 yr
5 yrt6
(6/I/U5)
1
(22 yr)
7.967
7.967 3/
(ll*
5.281*
5.281*
2.635
2.635 3/
l*.799
11.799 3/
yr)
tt
yr
(6/I/U5)
(S/I/U5)
1
yr.l m
yr
lt.910
i*.910
1
2.1*70
(9/1/1*5)
1
yr
U.336
2.1*70
l*.336
Certificate-
(U/15/U5)
(11/15/1*5)
(12/3/1*5)
-
2/1/1*7
-
}/l/h^
*/l/>i7
6/1/1(7
7/1/1*7
8/l/l»7
1
Certificate Certificate -
Certificate-
I0/I/U7
11/1/1*7
12/1/1*7
1/1/1*8
(1/1/W)
(22 yr.l m)
(ll( yr.l b)
11.689
100
100
100
11.689 3/
3.''70 3/
3.768 3/
3.1*70
3.768
yr
3,1*1(0
3.1*1(0
3.778
3.330
3.778
3.330
100
100
100
yr
lt,95U
l*.106
U.95l(
100
1
1
l*.7lt2
(9/1/1*6)
(10/1/1*6)
Certificate
Certificate
(12/1/1(5)
m
yr
11 m
1 yr
(1(/1/1*6)
9/1/1*7
1
(2/1/1(6)
(3/1/1*6)
CertificateCertificateCertificateCertificateCertificateCertificate-
27 yr.l
17 yr.l
(IO/I/U5)
-
100
100
100
JJ/
10/1/1(6
11/1/1(6
1/1/1*7
Certificate
100
100
100
100
100
100
100
100
100
100
100
100
^
7/1/1*6
Certificate-
100
100
100
100
100
100
100
100
7.9223/
1.5503/
i».395
yr
3,1*1*8
9/1/1(6
7/8*
7/8*
7/8*
T/SH
7/gt
7/8*
2/
g/l/U6
7/8*
7/^
7/^
U.770
Treae. note -
2-1/2* Tueae. bond-12/15/67-72 !»/
2-1/1** Trees, bond-12/15/ 59-62 5/
Certificate- 12/1/1*6
7/8*
7/8*
7/gt
7/8*
7/8*
7/8*
1.91*8 3/
i*.770
5.«25 2/
CertificateCertificate-
Victory Loan eecurltles:
g/lE/li?
100
100
100
100
2.9093/
l>9l(«
^/
2-1/2* Treae. bond- 6/15/67-72 U/
2-l/ll* Treae. bond- 6/I5/59-62 5/
1-1/2* Treae. bond-12/15/50
Certificate- 6/1/1*6
7/8*
.90*
7/8*
7/8*
2.909
5.S25
yr,6m J/
26 yT.3 B
10 yr
2 yr.9 ">
(12/1/1*1*)
.
1/22/1(5
2/19/1*5
3/22/1*5
U/19/lt5
1
yr
yr
(20 yr,9 m) 6/
(8 yr)
J/
bond- 3/15/66-71
Treat. >iond-12/15/52-5l*
l-l/Ujf Treae. note- 9/15/1*7
7/8ft
1
(9/1/1*1*)
(11/1/1(1)
(lO/l/Ul*)
2)S
10/23/UU
25 yrS a
10 yr
2 yr.9
11 m
CS/l/Wt)
8/1/1*5
9/1/1*5
3/15/1*65/
IO/I/U5
2-1/256 Treae.
(2/1/Ul*)
(6/26/1*1*)
6/1/1*5
6th War Loan eecurltiee:
.
(6/26/Ul*)
2!f
1
(7/1/1*6)
yr
yr
1 yr
1 yr
(8/1/U6)
1 yr
(6/1/U6)
(II/I/U6)
(12/1/1*6)
(1/1/1*7)
Bureau of the Public Deht.
Mot available.
In the case of the reopening of a prerlously offered seourlty, the
period to first call and to maturity are calculated from the date
Interest commeaces on the reopening.
ConalBte of all public cash subBcrlptlons and of subscriptions by
U. S. GoTemment agencies and trust funds.
Figures on amount of War Loan securities Issued consist both of
amounts issued In connection with the Drlre. and of amountB Issued
concurrently with DtIts to commercial banks and Treasury invest-
l*.l68
1
U.673
2.307
U.1U5
3.203
1
3.'t32
I
yr
yr
yr
1 yr
1 yr
3,281
!!/
3.133
2.820
2.775
2.916
1.223
76
59
66
62
52
2.31*1
l.WO
1.775
3,281
n.a.
51
100
100
Bent accounts.
Bank restricted Issue. See preceding table (maturity schedule of
interest-bearing public marketable securities) for earliest date on
which commercial banks may acquire this issue.
Reopening of previously offered security.
Interest commenced on June 26, 19UU.
Interest commenced on September IS, I9UU.
This l8 the same security that was offered In the Sixth War Loan.
Sxchaoged as of December 1^, 19UU and accrued interest charged from
December 1 to December 1^.
January 1947
31
Diapoeltion of Matured Marketable Ibbucs of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Mepoaltlon
iKta of
rafaadlag
for exchange
traaeactlon or
of retlrenoit
for oaah
trmnaactlon
1)7
out—
standlDC retlre-
(Date of issite is abown in parentheses)
aeoBt
7/8*
Certificate-
g/l/¥*
9/lM
7/8if
Certificate
-
g/l/*
(8/2/1*3)
(9/15/1*3)
3/U)t
Treaa. note Ireas. note -
g/lS/"*!*
9/15/1*1*
(12/22/39)
{
1*
Totals for ezchan^ traaeactlon of
10/1/W4
7/8it
12/lM
7/8*
CertificateCertificate-
1**
Treas. bond
12/15/"*
(l/3l/l»l)
9/15/1*1*
•
•
12/l/Ult
(10/15/1*3)
(12/1/1*3)
- 12/15/1*1*-5U
(12/15/21*)
Certificate7/«*
1-1/8* CCC note
S/l/US
10/1/1*1*
2/1/1*5
2/15/1*5
(2/1/1*1*)
(7/21/1*1)
Totals for ezchan^ transaction of 2/1/1*5-..
Treas. note Treas. note l-l/ll* Trees note .90*
S/l/"*?
•
3/1/1*5
(2/1/1*1*)
3/1**
3/15/"^
(3/15/1*0)
(9/25/1*2)
.
3/15/1*5
Totals for ezchan^a transaction of 3/1/1*5-
V1/U5
7/8iS
Certiflcat. -
U/I/U5
S/l/l^S
7/8*
Certificate-
5/1/1*5
7/8*
Certificate
6/1/1*5
6/1/1*5-1*7
6/1/U5
l-l/2j6 HOLC Ijond
-
-
(U/l/*)
(S/l/W)
(6/26/1*1*)
(6/1/39)
Totals for ezchan^ transaction of 6/I/U5..
Certificate-
7/g*
8/1/1*5
7/8*
9/1/U5
2-3/1*
.
Certificate
Treaa bond
.
-
8/l/l*5
9/I/U5
9/15/'*5-'*7
.
(8/l/ltl»)
(9/1/1*1*)
(9/16/35)
Totals for exchange transaction of 9/1/1*5...
Certificate-
10/1/1*5
(lO/l/tt)
Certificate - 12/1/1*5
Treaa note - 12/I5/U5
3/1**
2-1/2* Treaa. bond - 12/15A5
IO/1/U5
(12/18/1*0)
7/g*
7/8*
12/1/U5
.
(12/1/1*1*)
(12/15/37)
Totals for exchanga transaction of 12/1/1*5--
1/1/U6
3*
ConTersion
bond
i/l/t6
J/1/U6
.90*
7/8*
Treas. note
3/l/l»6
vet
3/15/W
U/1/U6
s/i/ue
6/1/U6
6/15/"*
i
7/1/U6
8/l/lt6
9/1/1*6
10/1/U6
11/1/U6
12/1/U6
12/15/1*6
1/1/1*7
Certificate
Treaamy
jknount
8/1/irt
9/15/Wt
Eenlti of
asehaoee offers
offare
DesoriptloB of called or aatTirlng
seourlty 1/
bzshasfe
security
offered
St-
chafed
Turned
U
Perromt
e»-
far eaah etaaa^ed
Beoorlptlon of nav
aeeurlt7 o^ered
g
U
5
3
7
.
Treasury Bulletin
32
Offerings and Niaturitles of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(AnountB In llllons of dollars)
Daaorlptlon of n«v iitna
Aaount of
atnrlnc
Date of
liiue
Maturity
date
BuBliar of
days to
aturlty
Aaount of
kids
tendered
ABOunt of bids accepted
Aaount on
eoapetltlTO
basis
Total
ajBonat
19U5-H0T.
1.
191*6- Jan.
31.
Hot.
Hot.
Hot.
Not.
8.
7.
15.
2329.
Feb.
r<b.
Feb.
Tab.
'Dec.
6.
Dec.
Dec.
Dee.
20.
27.
19>i6-Jan.
Jan.
Jan.
Jan.
Jan.
reb.
»eb.
rsb.
feb.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Hay
Nay
May
•lay
May
IJ-
3.
10.
17.
2U.
31.
7.
lU.
21.
28.
7.
lU.
21.
28.
k.
11.
18.
252.
9-
16.
23.
31-
June
June
June
June
20.
27.
July
July
July
July
11.
18.
25.
Aug.
Aug.
Aug.
Aug.
Aug.
6.
13-
5.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
May
May
May
May
May
June
June
June
June
Ik.
21.
28.
7-
lU.
21.
28.
U.
11.
18.
252.
9-
16.
23.
31.
6.
Hot.
Hot.
Hot.
Hot.
Source:
Hote:
17.
31.
7.
Ik.
21.
29.
2.15".
91
91
91
91
2,163.0
91
91
91
91
91
51-3
55-1
1.317.0
1.318-7
ll2.9
1.31I1-5
60.0
1.310.6
1.309.0
17,019.1*
I.25U.7
It8.8
1.21)6.2
55.6
2,030.9
1.303-5
1.301.8
1.316.5
2,038.11
1.30lt.U
1.262.1
1.265.0
39.3
1.306.1
1,302.0
1.306.7
1.300.6
17.023.7
17.023.5
17.033.3
17.037-1
2,905.0
2.259-5
2.005.3
2,016.3
2,025.2
1.302.9
1.316.1
1.312.1
1.316.9
1.315-9
38.5
62.5
61.2
60.0
53.7
1.310-5
1.311.0
1.309-6
1,310.0
1,318.2
17.029.5
I16.7
1.316.7
1.316.7
1.302.1
1,316.0
17.039-7
17.032.0
17.031.2
17.031.8
17.037.11
17.039.'!
2, 085.lt
l,3lii.«
91
91
91
92
1,928.2
1,987-8
2.037.3
2,006.1
91
91
91
91
2,015.0
2,08U.6
2,07U.6
1.9»*.5
1.309-0
1.303-8
1.315-3
92
91
91
91
1,3090
1.301.3
1.316-7
1.261t.lt
1.253.6
1.250.9
1.256.9
1,262.1
1,268.1
1.257.5
1.253-1
1.275-1
1,261.2
It6.2
5U.It
51.5
I18.I
Ui.6
U7.g
5U.6
17,026.3
17.0311.6
17.037-1
I7.0ltll.0
17.0111.6
1.313.
kk.S
1. 30lt.lt
17.0117.2
1,863.6
2.050.1
1.989.7
1,902.1
1.312.0
1.317-1
1.310.3
1.315.3
1,277-7
1.272.7
1.263.1
1.272.8
3U.3
117.2
it2.5
1.302.9
1.316.1
1.312.1
1.316.9
17.056.3
17.057.2
17.055-1
17.053-7
1,850.1
1.961.0
1.900.9
1.927.6
1.951.2
1.309.2
1.308.2
1,301.3
1.313-7
1.312.5
1.265.5
1.265.8
1.260.5
"3-7
1.315-9
112.5
1.31it.8
17.0117.1
I7.0I10.5
•10.9
22.
29.
91
91
91
91
90
17.01*5.3
17.01*1.1
Sept.
5Sapt. 12.
S«pt. 19.
Sapt. 26.
91
91
91
91
1,922.8
1.990.7
1.950.6
1.312-9
1.310.1
1,310.11
i.8;it.g
Oet.
Oet.
Oct.
Oct.
90
91
91
91
July
July
July
July
Aug.
Aug.
Aug.
Aug.
Aug.
Sec.
Deo.
Dec.
Dae.
2l».
2.178.5
91
1.267.0
1.261.6
1.273-8
1.2U2.1
1.269.8
1.303-5
1,301.8
1.316.5
Sept.
5.
Sept. 12.
Sept. 19.
Sept. 26.
Oct.
Oct.
Oct.
Oct.
Oct.
90
17,027.6
17.025.6
17.027.9
1.318.2
1.316.7
1.316.7
1.302.1
1.316.0
1,9140.7
lt9.8
1522.
29-
8.
2,210.5
2,076.8
Total bills
outstandlp^
(as of date
shown In
first coluan)
1.265.5
1.268.6
13
20.
27.
5-
11.
18.
2$.
1.
8.
15.
19U7-Jan.
Jan.
Jan.
Jan.
Jas.
Job.
Jab.
Ikb.
?6b.
1.21*9.2
ItU.ii
17.038.2
12.
19.
26.
2
9
16
23
30
6.
2l».5
1.309-0
1.301.3
1.316-7
35-7
38.0
36.8
33-5
1.309.0
1.303-g
1.315-3
1.313-*
17.01*5.0
17.051.1*
1.305-9
1.277.2
1.272.2
1.273-5
1.272. It
1.803.5
1.892.0
1.895-0
1.767-8
1.307.7
1.315-1
1.310.6
1.305.1
1.278.1
1.278.1
1.270.2
1.269.8
29-7
37.0
17.0311-7
35-3
1.312-0
1.317.1
1.310.3
1.315.3
1.796-3
1.306.1
i,g2>t.a
1.315-1*
1.816.5
1.803-9
1.801I.8
1.313-7
i.3a8.H
1.302.2
1.272.2
1.279.8
1.275-6
1.272.3
1.27U.5
33-9
35.5
38.2
36.0
27.7
1.309.2
1.308.2
1.301.3
1.313.7
1.312.5
17.019.9
17.027.0
17.039.1
92
3.
39-u
1.288.0
91
91
91
2l|.
1,2711.3
91
3.
10.
17.
Oet.
Hot.
Hot.
Hot.
Hot.
1.
91
91
91
Aaonnt on
flied-priee
basis 1/
Issue (as
of date
Bbown In
first eoluan)
91
91
91
91
1.812.
1.281.0
1.270.7
1.270.2
1.273-5
28.0
1.312.9
1.310.1
17.019.8
17.015.0
17.009.5
17.007.0
91
91
91
91
91
1.880.
1,306.9
1.891.6
I.8OU.7
1.790-7
1.306.11
1.283-1
1.275-2
23.8
31.2
31-2
31.0
13.
20.
91
91
91
27.
90
1.802.0
1.777.3
I.S3I.0
1.309-0
1.305-3
I.30I1.8
I.303.U
1.306.6
1.302.0
1.303-3
1.272.11
l.75't-5
1,805-1
1,755-9
1,826.8
1,799-6
1,312.2
1,313-7
1,313.7
1,312.5
1,282.8
1,291.9
1,279.9
1,286.2
Publle Debt SerTlee for data on new Issues:
Dally Treasury Statesent for data on oaturlng Issues and aaounta outstanding.
See Annual Reports of the Secretary of the Treasury for back
1/
1.271.0
1.273-8
I10.5
3I1.6
3lt-6
30.0
1,310. It
1.305.9
17.032.9
17.0'»6.l*
17.038.9
17.032.8
17.033-2
17.023.0
17.0311.0
17.023.8
17.006.2
16.997.5
16.993-5
16.990.1
ll
1.307.7
1.315.1
1,310.6
1.305.1
1.306.1
29. 1«
21.
1,315-11
1,313-7
l6,9glt.3
l6,9gli.3
29.
33.g
26.3
1,308.1*
1,302.2
16.987.I1
l6,9S9.6
16, 999.8
figures.
Tenders for $200 thousand or less from any one bldlar are
accepted In full at 99.905 per hundred.
January 1947
33
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Total bids accepted
Dkta of
Itsua
Competitive bide accepted
8ich
ATara«>
price
per hood red
EqulTaleot
aTeraga
rate 1/
Price
per
hundred
(Percent)
13U5-BOT.
1.
Not.
BOT.
Sot.
Not.
g.
IqalTalent
rate
1/
Price
per
bond red
KqviiTaleat
rAte
1'
(Percent)
(Percent)
O.36U
0.368
O-36U
99.905
99.905
99.905
99-906
99-905
C-376
0-376
0-376
0-376
0-376
O.36U
O.36U
O.36U
O.36U
99-905
99-905
99-905
99-905
0-376
0.376
0.376
0-376
99. 908
0.361<
99-907
99-907
99-907
99-907
0.368
O-368
0.368
0.368
99-905
99-905
99-905
99-905
99-905
0.376
0-376
0.376
0.376
0.376
99-90"*
0.375
0.375
0.375
0.375
99-908
99-908
99-908
99-908
O.36U
0.360
99.905
99.905
99.905
99-90U
99-905
99-905
99-905
99-905
0.375
0.375
0.375
0.375
99-913
99-915
99.910
99.908
0.336
0-356
0.36U
99-905
99-905
99-905
99-905
0-376
0.376
0-376
0.376
U.
99.90I1
99-905
99-905
99.905
0.375
0.375
0.375
0.375
99. 908
11.
18.
0.36c
0.36R
0.368
0.368
99-90U
99.905
99.905
99-905
0.376
0.376
0.376
0.376
99.905
99.905
99.905
99.905
99-906
0.375
0.375
0.375
0-375
0.376
99.907
99-908
99.9O8
99-908
99-908 2/
0.368
0.36U
0.36U
99.905
99-905
99-905
99 905
99-906
0.376
0.376
0.376
0.376
0.376
99-905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99-908 i/
O.36I*
99. 908
99. 908
0.361*
O-36I1
99 907
0.368
99-905
99-905
99-905
99-905
0.376
0.376
0.376
0.376
99-906
99-905
99-905
99-905
0.376
0.375
0.375
0.375
99-908
99-907
99-907
99-907
0.368
0.368
0.368
0.368
99-906
99-905
99.905
99-905
0.376
0.376
0.376
0.376
0.376
0.376
0.376
0.375
0-375
99-907
99-908
99-908
99-907
0.368
0.368
O.36U
22.
29.
99-905
99-905
99-905
99.905
99.90U
O.36I*
0.361*
99-905
99 905
99.905
99-905
99.90U
0.376
0.376
0.376
0.376
0.376
Sept.
5.
Sept. 12.
Sept. 19.
Sept. 26.
99-905
99.905
99-905
99.905
0.375
0.375
0.375
0.375
99-907
99.907
99.907
99.907
0.368
0.368
O-368
0.368
99.905
99-905
99.905
99-905
0.376
0.376
0.376
0.376
Oct.
Oct.
Oct.
Oct.
Oct.
2U.
31.
99.905
99.905
99.905
99.905
99.905
0.375
0.375
0.375
0.375
0.376
99-908
99-907
99-907
99-907
99.906
O.36U
0.368
0.368
0.368
0.372
99-905
99-905
99.905
99-905
99.905
0.376
0.376
0.376
0.376
0.376
Hot.
Not.
Not.
Not.
lU.
21.
29.
99-905
99-905
99.905
99-906
0-376
0.376
0.376
0.376
99.90T
99.907
99-907
99.907
0.368
0.368
0.368
0.372
99-905
99.90599-905
99-906
0.376
0.376
0.376
0.376
Dec.
Dec.
Dec.
Dec.
19>j6-Jan.
Jan.
li-
29.
6.
20.
27.
310.
Jafi.
17.
Jan.
Jan.
2U.
Feb.
Peb.
Feb.
Feb.
31.
7.
lU.
21.
28.
Kar.
Max.
Mar.
Mar.
Apr.
Ipr.
Apr.
Apr.
25.
Majr
2.
Majr
9.
16.
23.
31.
Mar
Hay
May
June
June
June
June
July
July
July
Jnly
Aug.
Aug.
Aug.
Aug.
Aug.
Souroe:
Bote:
6.
13.
20.
27.
5.
11.
18-
25.
1.
8.
15.
3.
10.
17-
7.
99-905
99-905
99-905
99-906
99-905
0-375
0-375
0.375
0.376
0-375
99-905
99-905
99-905
99-905
0.375
0.375
0.375
0.375
99-906
99-905
99-905
99-905
99-905
0.373
0.375
0.375
0.375
0.375
99-905
99-905
99-905
Public Debt SerTlce.
See Annual Baporta of the Seorataxy of the Treaaujy
for back figures.
99. 908
99.9O8
99. 908
99-9OB
99-908
'
0.36"!
0.36>i
99.9O8
99.9O8
99-908
99.908
99.907
99.907
99.907
99907
1/
2/
y
0.36"»
0.3»
0.361*
0.368
Bank discotut basis.
Except $100 thousand at 99.925.
Sxcept $500 thousand at 99-930.
0.376
0-376
0-376
0-376
Treasury Bulletin
i^
Sales and Redeoipt-ions of United States Savings Bonds
United States aavlngs bonds were first offered for
Bonds of series A-D were sold
sale In karoh 1935.
Series E, F, and
and April 19'Hbetween torch 1935
bonds have been on sale since May 1,
19^-1.
subscribers ex*»pt commercial banks.
Commercial banks,
however, were permitted to purchase these bonds during
certain periods and with certain restrictions.
For
details cancernlng these periods and restrictions see
"Treasury Bulletin"
are
Series A-E bonds
10-year discount
bonds sold
and yield 2.90^ per annum If
at 75^ of naturlty value,
Series F bonds are IS-year discount
held to maturity.
bonds sold at
7'^^
of
maturity value,
and y>leld 2.53ft
for December \'^K,
page 36, footand "Treasury Bulletin" for February 19'V6, page
and page A-22.
For details concerning
37, foota»te
features, investment yields,
and redemption values see
note
9,
%
"Treasury Bulletin"
Series 9 bonds are 12per annum if held to maturity.
year current Income bonds, sold at par, bearing interest at 2-1/2^ per annum, and redeemable at par at maturity or at stated prices less than par before maturity.
Purchases of series A-D bonds were limited to
These
17,500 issue price in any one calendar year.
subscribers prior to
bonds were available to all
April 1, 19't-O, and to individuals only after that date.
Purchases of series E bonds are limited to $3i750 issue
for
October
19'^5,
pages k-h and
A-5.
redemptions.
price in any one calendar year, and may be made only by
The
individuals (defined as natural persons only).
Halt
price
year
for
in
ig'i-l).
series F and
any
one
combined
Is
1100,000 issue
calendar year (|50,000 in calendar
bonds are available to all
Series F and
9»riea A bonds matured
in 19'l-5,
and bonds of semature in January 1914-6.
Matured bonds
turned in for redemption are included in the figures on
ries B began
to
Matured bonds outstanding are reflected
in the interest-bearing debt until all bonds of the series have matured, when they are transferred to matured
debt upon which Interest has ceased, in accordance with
the practice of the Dally Treasury Statement.
In the following tables
at Issue price,
sales
figures
at current redemption values.
quoted
Amounts of series a out-
standing are quoted st par.
Table 1.- Summary of Sales and Redemptions, by Series, as of November 30, 1946
United Statai
•ATlncB bonis
are
and redemptions and amounts outstanding
January 1947
35
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 2.- History of Sales and Redemptions
Reda^)tlona ij
AooQBt out atJuidin^
SalM
Accroad
dleeomit
Period
plus
accrued
discount
Total
Salsa
pries
Accrued
dlecovnt
Matured
debt
Interestbearing
debt
(In Billions of dollars)
All aeries
65,20U
1,822
67,027
ir,30U
3.120
i,U9a
96
19I1I
19U2
5.991*
3.215
1.557
6,082
207
19'»3
11.TS9
19IW
19U5
15,'»9«
Total, inception to Hot. 30, I9U6.
Ik
•9,709
7iscal years:
W5-19UO
65
88
2,905
H,3lH
7
lll«
8Ue
2.371
201
8Ul
I
1U.891
9.612
128
223
387
573
11.916
15.721
15.27*
>),29g
>35«
,252
UU
6,717
6.579
J?
138
191H
19U2
3.036
9.157
12U
77
102
3.573
3.113
9.259
379
168
3U9
369
162
3t3
6
6
igit?
13.729
ig.oWk
12.937
169
13.89
,898
16.33
339
13.621
5»5
3U1
5.558
1.576
3.321
5.»72
9
20
86
l.UU
36
57
l.ZSO
1.310
533
52U
5h9
10
559
11
Ul
6U
1.023
666
672
613
552
620
16
13
15
23
605
538
505
\l
lU
21
19
18
19W
Calsndar years:
1935-19l»
191A
19't5
Months:
19'<5-»0Tember.
December.
1,2511
19U6-Januar7.
February.
March
.
lg
626
AprU
May
June
July
August.
September.
.
U6
66g
59t
571
MS
753
67
Kg
.
.
^S
1%
6a
^\
"•9
639
635
820
635
552
519
l|82
567
502
>»g9
n.a.
n-a.
Ulg
.a.
n.a.
n.a.
n.a.
n.a.
m
18
9
5118
.
October.
November.
10,
7
kl
\l
15
lU
lU
Percent of
aonthl7
redenptlons
to amount
entstandiaf
.
.
.
.
.
.
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- History of Sales ana Redemptions - (Continued)
Bedmptlttne 1/
Sales
Farlot
Sales
Accrued
dlteotmt
pine
accrued
discount
Total
Sales
price
Series I. t, and 9
Fiscal years:
I9UI
19U2
.
61,256
66l»
IJltJ
19ljil
19115
19M6
Calendar jearst
19UI
19U2
19UJ
191*6
19U5
Months:
19''5->oTeid)er.
Deceaber.
19U6-Januajy
igW.
.
.
Tebruajcr*
•
March
^ril
May
Jtee
July
Angust.
September.
.
.
October
HoTember.
I.ISU
Amount
outstanding
(Interestbearli^
debt)
(1b Billions of dollars)
Total, Inception to Not. 30,
ieorasd
discount
January 1947
37
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued)
BedenptloBB
Sales
Parlod
Sales
Accrued
dlaconnt
AjDount
plu«
accrued
outstandlBi;
(Inter* at-
diBcount
Total
Salee
price
Accrued
discount
bearlng
dett)
Percent of
Boctbly
redeoptlons
to amount
outstanding
(In Billions of dollars)
Total. Inception to Hov. 30, 19146...
3.268
3.3'*9
397
2,952
yisc&l Tears:
19'»1
191A
19U5
67
135
758
802
679
19
19116
1107
33
811
698
WiO
llt9
19U2
2
208
65^
7
ISV
It
19't2
19"*?
67
67
3
i
9
17
58
89
3
17
57
88
117
U99
i.zUs
1.996
2.60U
2,895
Calendar jearsi
19111
19IA
ISUS
773
595
13
1^
35
106
25
7
35
77
207
S5U
1.569
2.278
2.793
10
13
2,720
2.793
:S
13
2.823
2.8U1
2.855
.52
•57
Months:
19l*5-»OTeBi)er.
Deoeabar.
19Ue-JaniiaT7.
FebruazT.
March
Aprl
5»
«3
30
27
38
30
lU
15
16
32
Jl
September.
25
a)
October.
NoTsnber.
2H
20
.
.
.
.
13
27
28
1
»faj
June
July
August
10
13
l«
1^1
36
28
18
23
27
23
lU
17
Series
Total. Inception to Sot. 30, 191t6.
19112
igi?
19W
1U,211
395
2,032
2,75?
2,876
Fiscal years:
I9U1
llt,211
395
19't5
19I16
Calendar yaarsi
19U1
I9U2
1.U5
19'13
2,61|0
19IW
igus
2,891
2,520
2,516
Months:
19ll5-aoT«nber.
December.
19U6-January...
February.
!«5
262
March
278
225
228
April
250
Mny
June
July
August
September.
335
217
165
October.
Hov ember.
169
139
.
—
.
950
J?
M
.U6
.So
.55
13
17
15
2.87't
B.a.
n.a.
a. a.
2.91'i
.60
2.925
2.932
.58
•53
n.a.
B.a.
2.9'»5
.1)6
2,952
.57
2,883
2.895
.
.
.
7
.
Treasury Bulletin
38
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales by Series, Classified by Denominations
Salaa In millloaa of dcllars at lisue price
total
all
denomi-
Fnrlol
BatlottB
Peroentago dlotrllititlon of aales
Danonlnatlon
no
1/
»25
2/
»50
roo
$200
tl.OOO
$500
*5.ooo
3/
$10,000
Total
all
donoml- $10 1/
natlens
and
$25 2/
Danomlsatlona
$90
$100
aad
$500
and
I
$aoo 3/«11,000
Total, Inception
throu^
Not.
30, 19U6..
'*3.776
llt2
lU,190
5,8«9
8,896
21*2
^,^12
9,001*
93
1,119
197
Ul
637
1.007
1.397
1.326
77U
32.6
13.5
20.9
33.0
7.1
6.5
9.7
13.1
^?-'
ao.i*
W.9
3S.8
19.3
66.0
U9.8
30.1
29.1
29.7
35.1
Fiscal years:
191*1
igte
19U3
191A
ig"*
3.526
8.271
11,820
11.953
6.739
19116
Calendar yeare:
igui
lU
616
2.988
U,lU9
3.928
2,101
13
1*1
3U2
1.081
813
1.61*2
1.725
910
i.Tllt
2,58U
2,to6
1,102
igitt
1.1U5
5.989
19U3
10,3ltl»
19114
12.380
9.822
u.aiii
3.2U3
93
712
1.390
1.797
l,Ul6
865
908
210
228
9U
107
i?3
641
367
168
120
117
73
93
19U5
llU
1.769
3.719
100.0
100.0
100.0
100.0
100.0
100.0
1,1*81
2,eii8
2.100
1.591
32.1
100.0
100.0
loo.e
100.0
100.0
10.0
1.313
1.815
2,163
2,002
126
3W
80
37
39
IJl.
258
1.338
2.169
2.706
229
856
i.Aa
1.U9
115
13-5
23.0
20.7
a.9
8.1
22.6
U.9
22.1*
33.9
1».5
lk.k
21.0
21.9
19.9
29.6
29.2
31.8
100.0
100.0
25.0
29.6
10.9
11.8
22.3
22.3
Ul.8
100.0
100.0
100.0
27.0
33.8
32-5
11.1*
93
9«
13.9
13.1
18.9
16.8
17.7
35.9
36.7
109
101
100
100.0
100.0
100.0
31.1
29-7
28.0
13-7
12.3
11.3
16.8
16.9
37.8
UI.2
U3.8
138
117
103
100.0
100.0
100.0
23.8
9.8
11.0
10.8
16.5
16.5
17.3
1*9.9
S.9
100.0
100.0
2l«.0
10.7
X0.7
17.5
17.1
U7.8
1*50
36.0
3l*.it
^
Months t
I9I45-I0T.
Dk:..
19ll6-Jan.
Fan..
Har..
371
^r..
388
lUff-..
3''5
Jnne.
321
Jnl7.
386
3t7
309
Sept.
Oct..
Hov.
294
117
100
87
89
86
75
Vi
12lt
51
11
9^
u
36
12
10
8
>*2
1)6
38
38
33
53
11
I18
9
9
55
t7
39
31
1*8
9
1*2
8
t5
Ul
1*1
U3
112
102
^'
1*1
Sarlaa F and
Total, Inception
through
Hot. 30, I9U6.
Fiscal years:
19UI
17,1*80
U61
191*2
2.>i67
19U3
3.517
3.678
3.337
2,873
191*1*
19>i5
19116
19
5,282
505
6
71
106
13H
109
61
13
96
lUl
229
291
255
179
Calendar years
191*1
1.393
3,l6e
191*2
I9U3
I9UI*
196
267
293
215
10
8
28
22
I2U
103
'3:^6^
I9U5
98
123
3.115
Months:
I9U5-I0T.
Dec..
319
3'»5
FaK..
thr..
319
255
255
16
11
13
86
63
72
Apr..
May..
Jnna.
280
250
250
ll*
13
12
81
77
72
Jnly.
Aug..
Sept.
21*3
Oct..
Hot.
193
159
19lt6-Jan.
.
367
185
22
15
12
122
lU
71
57
11
3,37lt
23.1*
Ha.
U7.2
1*7.0
1*8.8
$5,000
and
$10,000
January 1947
39
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 4.- Number of Pieces Sold, Classified by Denominations
(Thooaasda of pl«CQs told)
Perlad
DeooBlnatloBi
Total
all
donomlnatloBO
GO
125
1/
2/
»50
$100
$200
$500
$1,000
1,615
lU,i»32
12,005
1.311
108
1.698
2.6gg
3.725
3.535
2,065
Sarlas I
Total, inception throu^
SoTonbor 30, I9U6
Tlioal 7eara:
19U1
19te
19^3
I91A
I9U5
19U6
1,079,516
1.905
55.967
215.709
305.986
303.116
165.039
157, oUi
118,611
353
9.107
28.828
552
10.837
22.851
221,2^
9.223
8.505
756,815
767
32.832
159.369
18,996
1)3.800
3)*.'A7
209,lt8D
'5.995
112,071
2U,27'i
32.083
1U,693
6.077
9^.35^
198.333
226.213
2.U85
18.999
37.060
'17.915
28.915
36.077
172.9118
37.773
2U,55li
769
2.93>t
2.511
2.8*5
1.8U9
1.902
365
317
330
1.9'»7
1,2>I0
1.365
1.29U
67U
723
189
71
77
330
335
212
99
103
111
110
109
ll«
13"
133
125
1.1193
1.975
2.730
2.800
2.121
Calendar yearsi
13.219
135.227
270,06«
320.527
253.07*
191*1
\<^Z
I9U3
I9W
I9U5
3.582
11.381
17.36U
l«,Sl3
785
6U5
11.207
13.'t52
620
516
509
8.985
6.IW&
3.UU6
612
2.282
600
1.751
3.3'to
2,l»20
3.856
17.8lt2
2.88U
2.669
MoBtbt;
19'^-IoT«iiil)er
Oeceabsr
I9't6-Jaaiiaiy
12,l61l
Wl
259
I2U
130
February
)hrch
9.255
9.081
April
*K!
June
9.23«
7.730
523
299
299
6.222
i.Ua
u,e66
1.128
971
7t3
637
613
78
68
56
July
August
September
7.216
H
U.756
1.008
1.015
890
706
6U2
599
IW
II
^5
126
57
lilt
156
137
639
563
61
53
119
110
136
5,1113
2,1179
5,585
60
?8
October
Movember
6,8l»7
6.033
6.227
5,'t71
6,21(6
276
239
"1,572
233
178
u.ogit
3.997
3,593
II19
Serlea F and
Total, Inception throu^
SoTonber 30,
I9I16
15,987
1,025
Fiacal yeare;
19111
19115
233
2.110
3.251
3.869
3.326
191*
2.3111
19112
19113
191lli
72
216
303
291
125
77i»
1.1U9
1.I125
1.156
6U7
Calendar yearst
901
2.902
19I1I
19112
3.62l»
I9U3
191*
3.821
2.807
19I15
156
270
325
3'»3
a
December
298
22
215
10
m
5
5
February
March
109
90
55
38
38
5
5
Iprll
May
June
1.39I1
899
Months:
19115-BoTember
19l»6-JanUAry
277
1.077
1.317
Ma
3I
160
3
July
Auenet
September
259
U
October
BoTember
157
130
3
3
V.
35
38
31
$5,000
$10,000
.
..
Treasury Bulletin
ho
Sales and Redemptions of United States Savings Bonds - (Oontlnued)
Table 5.- Sales of Series E Savings Bonds, Classified by States
(Xb thoAtaBdi of dollars}
Total,
iBOOptlOB
throBch
loToabor 30.
19)t6
19*5
»V
loToatoor
Doooabor
12,0;
2,029
15.701
*.92*
6.617
10.81)8
3.6**
1.215
2,228
3.658
1.239
2.351
3.586
1,227
2.291
3.327
1,006
2,015
3,558
1.323
2.197
3.*58
2.661
*.9lO
73.966
7,535
13,812
5».9*)
5.797
8,911
28,180
2,738
5.356
29.627
3,*87
5.951
28.750
25.199
2.958
5.089
28.>)9k
1.996
1«.T»7
11.326
1,938
8,192
10.335
T»
6,39J
*.580
1,019
8,693
*.997
710
6.85lr
10,9*7
11.39*
*.809
*.*76
*.*7*
Janoary
Tobraarj
iprll
Jllj
Ao^not
Saptoabor
19l)6
Alakaaa
Arisona
Arkansas
$20,696
157.158
2KI,>i3f
3.31*
5,827
2,217
3.536
1.268
1,973
3.35*
1,028
2,118
3.383
1.155
2.179
29.5*2
3,161
5.08^
26,5(1
3,207
*.557
23.253
3.(68
*.890
25,881)
765
6,265
*.*70
85*
6.206
3.607
66U
5.69*
3.882
921
'^
«9.e9i
30.891
*.•!•
720
29.193
25.81)1)
9.313
?,222
9.705
10.089
,81)5
*,51(
S-SiS-lS"*
iO,U72
8,572
815,665
I3,62li
Dlst. of Coloabla
10lt,732
53l,olt«
1.932
13.856
Ylorlda
539.215
8.I11;
Osorfla
Idaho
Illinois
J>i7,«6o
i>ti,a2i
3.153.801
9.376
3.309
58,518
6i:'8^
58.136
33.920
3*. 573
i.i56,ir'»
20.601)
22,68>)
9T1.508
27.02*
15.630
M.979
U.(78
17,*ll
16, (28
9.85*
9.726
7.78*
7.707
9.998
10,231
9.585
7,338
7.720
3.>t'i6
9.6*2
7,088
«.*69
*.*92
*.3l6
1,*25
851
097
197.659
9.005
370
I 15*
*.0?5
97.892
536
1.367
1,38*
581,62ll
l.»75.17"t
9.550
25.860
3».i5i
9.978
13.979
26.731
28.392
^91
l>,D(2
no
358
il(
U.*78
Ik.
5.012
11.123
15.350
*.267
27,81)0
>)U,696
12,957
23.15*
9. 513
22.2(7
2C.62]
7.19*
2*. 525
12,578
*,820
16,789
7.235
2.150
10.050
z.kei
io,*7»
T.JO*
2.351
10.27*
1.716
*.*15
J83
1,728
6.*63
332
"•$J1
California
Colorado
Connsctloat
Dalawars
Indiana
lova
Kansas
601, S92
lentadc/
Loolslaaa
Nalna
Mar/land
Massaehnssits.
"^8,333
.
.
mchlfan
2.3*3.972
9U,M5
Mlnnssota
Mississippi
Missouri
303.370
1,079.210
Montana
207, 'W9
lobrasJca
*70,»J
IsTada
8.200
i).282
»3.<00
Is« Haapshlrs.
Is« Jsrssy
s« Msileo
Isii Tork
lortb Oarellaa.
lorth Dakota
.
1.153
126.331
1.60t.U>t
102,120
2.529
27.59?
2.2T*
5.J1».3'»5
. .
103.378
578.623
209.332
*,71*
12,878
i.«o
3.268
VJ.3«7
1,09*
8,11)3
2.*»
31,167
2.273
1.866
22.087
1,662
132,671
15.838
*,7e2
76,1)«9
9.01)6
2,61)1
*5.*39
*.78i)
1.729
Ohio
OklahoBa
Oro<oa
2,6l|>t,370
*6.»T2
50k, 898
11.8*1)
ll.*56
51.775
19.05*
13.201
39.909
10,630
5,626
22,562
*,25l
558, »9«
PennsylTaala
Bhods Island
South Carolina.
3,297.86"i
58,3*1
3.826
5.895
69,156
*,87*
5.2*9
53.56*
28,681
!),626
1.81)1
6,isi
2.331
7.361
8,957
33.377
5,566
11,158
35.0*3
5.098
1.397
16,980
5.812
1.603
17.871
17.660
7,098
20,263
2,228
16,790
8.063
?2,67(
6i)2
505
992
2.570
1.289
.
South Dakota
Tsaosssss
Tsxas
2't7,023
287, S2«
195.691
538,628
1.7"*. '•99
Dtah
Tsraont
Tlrflala
195.061
VashloctoB
(•St flrglnla
Wisconsin
V/oaln<
890,229
366,327
72, "165
759,997
Alaska
Canal Zona
Baoall
Pusrto Bloo
Tlrfln Islands...
Othsr Possssslons
(oureoi
p
r
U,lt76
29.153
26,160
252,132
35. 731
1.780
*25
7,000
7*3
15
!>.158
3.651
835
961
«.979
*.856
3,9*9
33.329
*.077
(6(
29.*«3
9.888
9.750
5.*77
8,706
8,(03
*.737
».07O
828
3.066
*.78*
.133
.1*5
952
28,1
8.3*6
8,*5*
5.801)
8.986
10,39*
5.76*
l),970
8,771
8,36*
5.392
*.638
3.710
1.50*
*.059
3.*90
1.267
3.65*
3.32*
1.358
3.926
3.1<*
1,208
*.338
10.578
1*.217
3.81)8
12.095
1*,581
9.3*3
15.572
3.938
10,01 1)
13.987
3.999
10,189
1*.285
7.125
2,090
9.855
7.3*3
1.926
lO.oUi
10. (0(
8,658
1.907
9.326
7.087
2,100
9.ao(
7.5*8
1.892
9.127
1.733
4.973
J*5
1,577
5.557
1,588
m
2.058
5.319
3*«
1,*(3
l).608
1.(19
5.227
312
1.9*5
5.079
320
1.069
1}.9*3
887
909
12.37?
789
913
11.771
836
1,078
12,983
785
13,166
11,122
92«
(88
10,760
760
(66
ll.*25
7(*
*».233
5.*76
1.509
*3.972
5.101
1.5*6
*0.70l
*.338
l.*9*
1)1,369
35.557
*,926
1.7*1
39.061)
23,H3*
*.639
3.387
21.1)23
21.706
*,096
3.136
23.22I)
18.383
3.965
3.107
1(,60}
*.596
3.1*9
30.31*
1.901
2.378
29.703
l.*97
2,51")
27.**6
1.793
2.098
28,391
1.890
2,553
26,203
1,526
2,2*7
7.Ta
3.77*
3,117
3.J82
3.W2
J:^
>)0%
».89*
1,785
*.3*5
3.275
8,072
2,2l)5
(1)6
J.TU
3*«
m
*3.376
*.6;2
37.993
I.90I)
1.(82
19,121
*,6e2
3.3*8
21. 832
28,hl)0
26,970
1.355
1,7*1
2*, 776
2.0U3
1.635
2,301)
3.61)6
5.011
3.25*
1,617
2.379
*.76(
2,*23
2,222
2,161)
2,1)61)
2.5?*
2,25!)
U,0*2
':n
13.392
1j!39*
18. 70S
3.898
12.JT9
3 •Pl
U.
*.31*
13.883
2,568
2,
3.666
3,
11,911
11.705
2.315
3.76(
10,660
3,0*1)
l.*36
606
6,717
1.863
**5
7,303
1,281)
1.75*
1,101
l*,656
1.709
566
6,283
l.*93
635
6.398
1.193
528
5.37*
i.hio
572
5.916
1.073
D69
5.513
12.350
7.*95
15.*26
1.350
6,657
3.563
8,159
78D
5,850
3.8*3
8.531
6,222
*.153
8,62*
5.716
723
5.520
3.751
7.97*
65(
5.*97
3.359
(.207
781)
5.361
3.226
9,128
733
1)22
lUl
11)1)
212
500
299
710
238
257
98>
266
161
215
l,3«3
223
1,1(0
3
3
81)
63
123
1.826
i).6o6
9
3*
1.821)
653
20
2l)6
5
27
9*
153.»65
«,*9*
-*9.779
-57.028
-227
-17.192
)-19.h83r
865.062
908.232
6l)O.I6l
366.977
371.27*
387.(10
9M
3.333
5.059
i,122
*.505
U.ni
''3.775.92't
Adjostasnt to
Dall7 Traasorj
Statsasat
Total.
963,
Its*
2,7*6
5.65*
66
1.1)01)
796
3.,'^1
1,221)
Dall7 Trsasarj Stataasnt and rspsrts of Fsdsral losorrs Banks.
frollalnary.
IsTlssd
117
53«
.
*9l
i).0(6
6.36I)
6,561
5.727
3.075
7.636
69*
,089
,5**
.55*
713
178
258
1.383
305
278
233
.075
l,l)6l
178
26(
1.077
212
128
2>)0
•1
111
1
hi
11
2
1(
76
k
*5
207
318
905
Ihl
6
*5
<,335
-35.*36
25,358
9.361
-(,1)12
-1.769
3**. (03
321,069
386,1)76
3*7.278
30(,8h6
326,79*
*.0l)3
8,531
735
239
227
703
January 1947
41
Sales and Redemptions of United States Savings Bonds -(Continued)
Table 6.- Sales of Series F and G Savings Bonds Combined, Classified by
States
l/
(Xb tho«Band* of dollars)
Total,
tacopiloa
19^
19M
threacfa
loToabor 30.
19J^
Alabau
ArlMaa
Arkaatao
Calif orala
Colorado
Ooaooctiont
Solavaro
1U,»J
'0.3J7
79.539
Jal7
"•7
I.62I1
2,210
1.101
899
1.633
2.075
633
1,822
760
1,098
9U5
16,232
1,183
6,911
16,509
2,198
5. 308
16,722
2,221
15.501
1.975
5. ''50
ll.ll92
1.906
3.762
1.135
1109
2.191
117
860
1.355
1.019
15.080
2,961
3.825
25.5*7
3.229
".937
1.130,231
21.377
l't2.383
3't5,3«9
I1.5I18
ll.2l'6
t.35li
18,3U7
2,200
7.059
67,18't
1.778
2.253
3,216
2.222
2.331
3.511
l,lll8
1.607
1.225
2.871
2,llll2
3.158
1.006
2,208
3.900
2.573
586
31,088
1.276
265
19.851
2.710
2.''35
705
22,613
«59
20,078
7,086
8.937
3.876
6,030
7.158
3.061
5. 7''!
3.693
20.391
2.333
l''9,59l
1.527
2.582
Florida
190.17*
3.31''
Otorcla
168,133
38. 55
2.1150
1.321.1171
25.3W
2.371
557
18,810
Indiana
lova
lantat
391.617
399.523
192,630
9.168
11.780
6.363
6.72*
7.6O8
3.6S»
8,213
7.859
3.623
5.378
XentBcky
Loulilana
Nalna
212, 298
175. 7"6
2.605
2.959
2.8ll5
5.O1I1
2.158
2.301
1.981
105.230
3,802
3.186
1.859
I.8I13
3.331
2.635
1.206
3.705
2,083
1.7'w
Maryland
MaoiacbQtotta
257.310
3.879
3,lUi
3.'«)9
11.680
11,716
11.370
856,iti6
50't,367
111,980
12,1120
17.912
5.988
20.107
12,288
17.079
6.733
20.792
10,835
286
19.876
9.193
6.I161
6.1'<1
Mlnnooota
Mltoloolppl
Mlaiourl
3"^. 737
5,7U
6,612
5.371
1,100
6.805
5.97'!
5.57'i
1.650
7.080
1,3112
1,083
7.301
1.158
5.200
1.360
•68,5311
8.055
1,8UU
10.305
7. Til
7.1169
Montana
Vebratka
56,120
17"*. 269
1.800
5.067
580
2,900
1.011
936
'''12
3.W
17.''7't
3711
900
U,021
212
76
202
316
192
1,6U3
1,570
7.562
2*5
1.231
7.955
300
1.305
8,928
202
"5.537
3.088
1.288
'15.362
3.''13
lllt.9113
Illctilcan
•Tada
91.037
779
1.5111
71.733
551.997
1.376
82I1
10.1119
7,62li
3't.25"t
992
657
2.8U7,188
199.337
66,650
llll,262
3'»,370
2.U26
1,2>18
955,253
l6,9t>>
15.50I1
121,97''
It;, 757
3.212
2.708
2,703
2,658
658
136.587
2ll,029
911,251
1.95''
285
2.1811
Itnnoisao
taxao
172.1160
"177.357
Utah
Toraont
flrflnla
35.67"t
23''.
Ha>hlo(ton
Voit Tlrglnla
Hlicootla
V/oaing
238.655
88,361
U32,U87
28,305
low Haapthtro
Ion Jorioy
tn Mulco
Is« Tork
lorth Carolina
lorth Dakota
Ohio
Oklahoaa
Orogon
PannojrlTanla
&hodo Iilaad
Sooth Carolina....
Sooth Dakota
Alaoka
Canal Zone
Baoall
Paertc Bico
Tlrflo lalando...
Othor potieosloni.
I. tog,
511.
39.292
5*3
5,313
6,2llU
5'».0ii5
13,523
812
903
3. ''39
It.
9.615
937
3. 5911
26li
1.298
9.665
199
50.872
2.8I6
1.108
5.73''
11.105
7, "110
201
116.
9M
2,830
850
U.I12I1
3.
931
1.970
752
18. 789
7.031
2.529
2.0ll«
1.569
3.'*91
1.231
958
383
2,699
13.890
15.39''
1,63''
1,8911
1.783
1.717
1.767
17.772
1.699
1.700
15.58'i
20,108
1.573
1.328
20,886
2.172
1,219
19.l'5li
25.58''
27. '159
35.803
2,lll'0
2.057
l.>t61l
2.322
1.786
2.1118
992
I.0U9
3.510
7,113
82ll
3.852
10.921
1.331
3.105
8.028
916
2.301
2.71''
2.66I1
6.1125
5.615
5.306
586
807
5.031
U93
780
990
5W
563
11.360
ll,032
2.533
2.199
601
508
3.175
2.828
5.1^)2
ii,iiU6
3.9116
1.532
9.203
3.503
1.260
5.962
3.581
I.7I11
1126
3''7
2.60*
1.332
7.656
316
2.820
1.368
7.003
516
1.927
1.750
10.717
781
50I1
8.610
631
188
99
37
51
517
500
8
1.018
llW
20
21*.
1.692
5.131
31
79I1
8.
125
173
2"
13
35
122
700
12i
1.71K
513
23
ii
8,911'
79
Salet to eoaaarctal banks 1/. ..
895,1180
Adjattaont to
Dally troaonry
Statcaoot
+18,928
-3.2lt8
-11.758
8.71I1
I7.I179.595
318.599
3't5.289
3I8.698
Total.
lOT.
p
2,100
802
Dltt. of Coloabla.
Idaho
Illlaoli
a<pt.
971
1.727
l.i*'i3
1.737
1.263
510
786
6
6
2
505
38
I122
lb, 283
8.599
-19.310
255.097
279.952
2li9.5'i0
53
8
76
90.703
255.
''27
It?*
1.160
2.596
3.2"*
^•12
. .
. ..
.
.
.
. .
.
.
. .
.
)
.
.
Treasury Bulletin
^2
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(
In thousande of dollars at current r«deaiptlon raluea
igw
ISUJ
Total
Oct. 19WtITOT.
Alabama
Arllona.
Arkaneae
Hov.
Dae.
Jan,
Apr.
Majr
June
Jul7
Aug.
Sept.
Oct.
Hot.
P
6,991
2,308
3,730
7,35'*
2, '•93
li,22U
7,892
2,326
85,15^
l»,876
8,532
2,698
*,300
7,927
3,008
*,305
7,163
2,59*
3,997
6,316
2,k67
3,299
5,368
2,201
3,206
5,853
1,911
3,320
5,6**
2,0*1
3,129
5,528
2,036
3,238
*,889
2,17*
3,020
k,877
1,753
2,526
1,092,750
97,059
187,015
U9,25k
3,987
8,282
50,602
It, 128
58,213
5,3*6
8,578
52,179
*,880
8,212
55,872
5,532
9,625
52,193
5,137
9,**0
k8,865
*,596
8,60*
37,698
k,357
7,336
k2,836
3,96k
7,506
k2,601
k,06k
7,017
kO,927
k,8l8
7,1*1
3k, 882
3,706
6,380
32,163
2,812
6,6*2
26,616
129,901
185,030
1,130
1,U0
5,7ltl
8,550
6,118
8,733
1,286
6,301
10,252
1,181
5,*13
8,65*
1,372
7,377
7,*75
1,329
5,368
10,206
1,222
5,6*7
8,556
l,lkl
6,k75
7,1*5
1,160
k,890
7,109
1,082
k,83k
6,969
1,117
6,037
7,0*2
1,089
k,23k
6,932
852
k,671
6,7k7
8,977
1,776
7,*7*
1,871
38,926
8,525
2,083
38,658
6,628
2,021
39,897
k,k80
1,867
38,296
7,506
1,59*
35,391
7,*65
1,376
35,892
6,21k
1,516
3*,530
6,38k
i.kae
111, 292
3k, 057
5,702
1,307
31,9k3
5,327
1,150
27,911
158,1>50
53,6l»0
,
California..
Colorado ....
Connecticut
Delavare
Dletrlct of Columlila
Florida
Georgia
19'l6
161,989
S.Wl
Idaiio ....
3'',35l'
llllnolB.
862,103
7,012
1,309
35,175
7,153
1,580
36,800
Indiana,
lova.
asi.isii
lit,
.
710
111, 761
5,lt32
6,lt27
1*,792
10,785
8,257
1*,200
9,271
6,885
13,*28
9,525
6,619
12,653
8,*90
6,078
12,188
8,011
k,171
U,926
7,858
16,183
10,119
7,252
15,155
8,032
5,377
7,51k
6,277
11,032
8,255
7,030
10,728
7,796
5,050
9,5k3
6,kk5
k,k8k
1U0,131
6,399
6,557
lt6,226
2,0ltl
6,376
6,508
2,189
6,721
7,051
1,993
6,31*
6,209
1,673
7,028
6,719
2,1*6
6,*99
6,231
2,259
5,335
5,9*3
2,160
5,372
5,298
1,892
5,68k
5,352
2,027
5,lk5
k,73k
1,762
5,035
5,397
1,913
k,99*
*,96*
1,892
k,221
*,317
1,693
Maryland
Maeeachuaetts
Michigan
151,835
33'', 233
738,532
6,673
13,796
29,566
6,626
705
7,12U
111, 822
7,378
15,926
32,63*
7,369
15,366
31,513
6,578
1*,557
27,307
6,681
12,597
27,839
6,155
13,621
26,900
6,13k
12,139
22,966
5,3k8
12,583
2k,73k
7,1*8
13,32*
23,555
20,0k5
Minnesota.
Mississippi
Missouri
.
228,151
10,211
3,k22
.
U,682
9,176
2,722
12,k2k
8,755
2,893
13,12k
9,228
2,967
11,160
7,819
2,675
10,360
.
200,687
135,932
,
Eansae
.
1U,1A6
EentuclE7
Louie lana.
.
Maine
. .
U,8ll
k,952
32,316
5,9*0
lk,**3
30,106
711,070
9,262
3,292
9,279
3,521
316,821
Montana.
Nebraska
Nevada
3't,000
13, 71*6
lli,0l6
12,120
U,102
17,790
7,237
*,135
1*,835
12,2**
*,*31
17,256
11,812
3,505
15,853
li,370
3,312
13,127
10,272
2,535
12,93*
2, "139
l>,628
1,990
*,587
7T7
1,916
6,102
838
2,8*7
*,9e5
772
2,362
2,U7
*,9U
76*
*,*56
*85
2,062
3,555
638
1,930
2,878
691
1,888
6,080
568
1,750
3,776
706
1,750
3,328
k65
lit,
U,862
ll2,286
1,561.
1,738
99,161
16,333
U,06l
720
lt,062
29,l81i
389,1'>2
1,2«6
17,971
1,369
1,375
19,332
1,368
1,2*7
19,016
1,769
1,113
17,162
1,6**
1,338
19,231
1,87*
1,*33
18,787
1,572
l,k28
16,85*
1,525
1,227
1*,821
1,*97
1,313
13,596
91k
1,198
lk,*38
1,*02
1,199
15,3*3
1,*27
1,295
10,153
1,262
1,09k
15,37k
1,008
''8,379
5lt,aoli
6l,lt25
52,2U
6,985
1,18k
7,061
1,153
8,217
1,718
7,053
927
53,901
9,*39
1,807
5*,7*7
7,205
1,807
51,692
6,738
1,781
**,96o
6,515
1,690
39,20k
5,920
l,6k9
38,55*
6,011
1,38*
k7,kOk
6,00k
1,231
25,359
*,378
1,277
k8,597
*,9*1
1,168
750,099
152,952
165,876
31,6^
311,031
32,1**
7,72*
7,530
36,2?8
8,*86
8,329
33,928
7,03*
8,163
30,276
7,152
7,k29
27,980
6,373
6,689
29,087
6,38e
6,5*3
26,*63
5,900
6,260
25,313
6,0*9
5,6*7
2*, 805
6,666
7,007
31,851
6,252
7,200
5,3*5
3,757
21,809
k,650
k,893
Pennsjlranla.
Bhode Island.
South Carolina.
903,060
61,191
75,368
39,991
2,731
3,6*9
37,te8
2,836
3,773
111
35,886
2,18*
3,180
51,015
2,776
*,123
**,385
2,600
3,272
*1,175
2,*9k
2,929
36,386
2,315
2,97*
35,883
2,315
2,6*3
33,257
2,0*6
2,699
32,*32
2,185
2,723
3*,*86
2,316
2,061
27,878
1,967
2,k25
South Dakota.
Tennessee.
Texas
31,993
161,635
523,932
1,338
6,967
1,302
7,lt25
1,773
7,679
23,573
1,901
8,021
29,998
2k, 512
1,697
6,k95
22,9*6
1,588
5,386
21,028
1,*18
6,93*
18,933
1,*07
5,595
15,310
l,kl9
5,981
28,li8o
1,207
7,262
26,*66
1,8**
7,309
26,09lt
2k, 817
1,276
5,827
19,*20
1,132
*,776
16,623
Utah
Vermont.
Virginia.
55,757
lU.ill
199, k8l
8,''83
9,085
2,505
665
9,170
10,lt21
2,76*
536
7,823
3,117
719
11,3*5
3,176
726
8,168
2,787
757
8,10*
2,505
719
8,990
2,*03
673
6,651
2,kkk
678
7,25k
2,lk3
650
8,5k3
2,070
658
5,518
2,059
580
6,772
2UO,039
109,666
232,373
21,093
10,063
10,lt52
It,61i7
10,315
832
10,*52
*,0*0
10,050
963
6,277
10,591
1,298
11,58*
5,6lk
11,125
1,1**
10,955
5,758
10,729
1,098
9,299
*,696
10,05k
1,09k
9,687
3,837
9,658
791.
12,0*3
5,*70
10,855
1,153
12,2U
'•,910
9,32l>
9,273
k,010
9,195
63*
8,9kk
*,161
8,858
1,356
8,25*
3,73*
8,52k
785
7,653
3,606
7,592
7k9
6,219
3,181
56,076
15,015
268
268
299
305
332
2,730
786
10
318
k76
2,068
972
19
265
*6*
1,592
796
2*
2k*
358
l,k68
k73
ID
316
2**
238
1,861
**7
216
307
1,*59
k68
33
13
200
335
691
665
18
.
.
Nev Hampshire
New Jersej ....
Nev Mexico
.
,
31,631
.
Rev York
North Carollita.
North Dakota.
1,112,371
152, to6
30,5't7
.
Ohio
Oklahcoa.
Oregon
.
.
.
.
.
.
Washington.
West Virginia.
Wisconsin
Wjcolng
.
.
Alaska
Canal Zone
Hawaii
Puerto Pico
Virgin Islands
Other posseeelona.
Source:
Note:
3,506
593
"•53
9,650
8,691
,050
2,622
3,955
2,651
622
820
3,359
65*
37
3,719
593
21
325
361
2,**2
1,367
*5
.5,569
+1,293
-68
-7,95*
+26,95*
-10,369
+5,818
+30,830
-163
-18,687
+51,769
-19,k2k
51k, 933
583,3*5
520,765
586,852
576,531
k97,T9*
k66,86k
k78,8ll
*27,263
k32,kl3
kk2,088
361,223
3,l6k
732
25
303
2,633
677
2k
.
Adjustaent to Dallj
Treasury Stateaaat
Total
623
766
+19,089
-7,235
11, 63k, 999
k96,962
Dally Treasury Stateteent and reporta frca Federal Beserre Banks.
It should he noted that State figures presented In this tahle are
not neceaaarlly ccaparttble with sales data by States InasBUCh am
bonds which haTe been purchased In one State maj baTe been redeeaed
in another. Horsorer, the flguree shown In thle table are based oc
cuTTSBt redeaptlon values, whereas the sales figures are shown
at laane price. Data on redemptions by States are not arailable
prior to October 19kk.
p
PrellJillkalj
January 1947
•^3
Sales and Redemptions of Treasury Savings Notes
ries,
1914.3
_
Treasury savings notes were Issued In three seseries A from August 1, 19^-1 through June 22,
from August 1, 19''-1 through September
and series C which have been on continuous
since September l'^, 19'*-2- AH of series A and B
series B
12, 19'^2,
sale
and some of series C notes have matured.
Series C
value
and B notes, see "Annual Report of the Secretary of the
Treasury" for 191^2, pages 207 and 220.
each
maturity
(3
notes
are
sold
at
par,
accrue
and
month, yielding 1.071t per annum
years
from
date
of
Issue).
In
If held to
These
notes
may be used In payment of taxes any time after 2 months
after Issue, or may be redeemed for cash any time after
For details concerning features,
6 months after Issue.
Investment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October 19'*-5» pages k-^ and
For details concerning the features of series A
A-5.
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes turned In for redemption (either for cash or for
tax payment)
are Included In the figures on redemp-
Matured notes outstanding are reflected In the
debt until all notes of the series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
In accordance with the
practice of the Dally Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see "Treasury Bulletin" for February 191*6,
pages ^Z and 'V3.
tions.
Interest-bearing
Table 1.- Summary of Sales and Redemptions, by Series, as of Noyember 30, 1046
(In ullllona of dollars)
Treasury saTiiifS notei
.
.
k
3
1
.
.
.
8
Treasury Bulletin
h-k
Sales and Redemptions of Treasury Savings Notes
-
(Continued)
Table 3.- Sales of Series C, Classified by Denominations
(Zn Billions of dollar*}
Total
fiscal /ear
or month
Dsnoal nation
all
denoBl nations
8.953-7
7,015.»
3.525-5
70l».l
19U6
19U^-(0TSaksr
Dwesabsr
—
Fsbraarj.
.7
102.7
160.3
U.O
2-5
1-3
5-'»
itllt.O
3».«
17.1
32.4
Marsk
JUI7
Avfust p.
Ssptsabsr
19«.>t
1(8. k
.
.
8oure«:
p
3.086.7
2.378.2
1,120.8
1.259-5
827.0
588.0
1,808.0
1,598.0
917.0
25'*. 2
I85.O
66.0
51.5
109.0
197.0
50.0
33.5
ki.o
87.0
67.0
66.0
27.5
17.0
92.0
33-5
17.0
129.0
H7-0
69*0
182.7
111.8
57.t
7-8
7.2
8.1
36.7
32.1
39.5
90.8
10.1
».3
9.0
38.8
110.5
110.2
82.7
69.0
93.0
3k. 5
f.O
5.5
39."
21.5
67.2
U5.8
17.0
19.0
5-7
.7
?2
m
Ociobsr p.
HoTenber p.
1.858.5l.^gg-O
61T.U
22.
2>t8.2
p.
»1. 000. 000
52.6
22.2
300.5
.
tSOO.OOO
1:1
5.0
IIU.O
.7
tlOO.OOO
11.3
".7
5.3
299.0
vno
52.3
7.8
178.7
A»rll
Kay
507.6
$10,000
3."
3.«
1-3
181.
..
»5.000
39s. 5
aft.
}01.g
19>l6-;aniiar7
l.OOO
sk.z
32.8
13.8
10.5
13.6
59«.0
19U1*
19^
500
$100
.6
50
3.0
7'».3
67.4
>i3.o
n:l
^.0
71.0
Dftllj Traaaurjr Si*t«*«Bt, Public Debt Sarrioe, uid r«port« fr«a
f«d«raX Eaianra Saalca.
PrallBloAry.
Table 4.- Sales of Series C, Classified by Type of Purchaser
Sales la allUoafl of dollara
or Boath
Total
I9UU
8.953.7
7.015.8
3.525.5
19»*5
I9U6
19^loTeabar..
lodlTldaala.
partnerahlpt
and peraoaal
tznat account a
65U.9
Paroeata^ dlatrlbutloa of aaloa
Corporatla
Total
Indlvldoala,
partnarahlpa
and peraonal
truat accounta
Corporatlona
8.298.7
6.581.3
3.25^.8
100.0
100.0
100.0
7.3
270.7
100.0
100.0
8.0
6.8
92.0
93.2
't3l«-7
6.2
7-7
92.7
93.8
923
7011.
56.0
6k8.l
Daeaabar.
598-0
I10.6
557.
19U6-JaBuar7. .
Pabruaij.
March
301.8
181.0
178.7
20.>t
281. U
9.9
13.5
171.1
165.2
100.0
100.0
100.0
6.8
S.k
7.6
9U!6
"t
92.11
April
299.0
19.>i
Kay
June
198.1)
18>t.0
19.8
lU.l
279.6
178.6
169.9
100.0
100.0
100.0
6.5
10.0
7.7
93-5
90.0
92.3
July
Aucuat....
Septaaber.
300.5
188. k
2ll8.2
31.6
10.8
is.k
268.9
177.6
232.8
100.0
100.0
100.0
10.5
5-7
6.2
93.
19.3
18.3
l6lt.2
iks.l
100.0
100.0
10.5
11.0
89.5
89.0
October..
UoTenber.
Seurosl
m
Sally frsaonry Statsasnt and reports froa fedsral Rsssrrs Banks.
January 1947
'»5
Salee of United States Savings Stamps
Table !•- Sunimary of Sales and Redemptions
^
(In tbooBanda of dollars)
Amoont
n*eal year
or Bonth
OTitatandlng
end of
flecal year
or Bonth
dtiriac
Szehaneed for
Dblted States
earln^s
bonds 2/
flec&l year
or Bonth
U5.620 ykj
S90,268 U/
-16,832
-18.920
-81,622
It0«,930
19116
213.350
196 .SK
177.598
95.976
ig'f^-Hotsrter.
D*c«mb«r.
139,356
133.229
-2,016
-6,128
11.396
5.259
19ll6-Juual7...
TabniAiy.
March
120, ZOU
-13,021*
116.855
112.335
-3,350
3,689
7,273
-i*,519
9,8'»7
^rll
lOlt.UST
-7,83«
99.252
95.976
-5,2'»5
19U3
Jun*
July
Au^uit.
S«pt*ab«r.
. .
2/
tonds 2]
70.U8O 5/
73.130
87.
61.052
68.1
31.9
11.387
9.830
7.990
3.582
3.397
100.0
100.0
73.3
70.2
26-7
29.8
16.713
10,623
It. 367
11.229
6.751
8.999
5.U8I1
100.
67.2
3.873
5.367
100.0
100.0
63.5
62.6
32.8
56.5
37.U
17,lW8
11,607
10.051
6,80U
u.oou
7.097
t.803
2.870
100.0
100.0
100.0
58.6
58.6
58.2
Ul.lt
-3,275
9.309
6.362
3.598
-3,988
3.281
-11,239
-2, '•65
l.67i»
7,271
5,912
2.2U0
it,705
t.158
3.289
2.H73
3.113
2.623
2.232
100.0
100.0
100.0
57-2
55.6
52.5
U2.8
uu.u
U7.U
-2,296
-1,287
2,205
2,019
i».501
2.1tlUt
3.306
1,739
2.057
1,567
100.0
100.0
?'.3
52.6
"5-7
U7.U
82,988
SI, 701
.
268,
UU
U7't,l68
352.632
231.593
109,852
55. 738
130.«2
287. 331
191. o?"*
13. 'tl2
6,87l>
Traaauiy Stataaent.
3/
Sae •Traaiiu? Bullatll',
Jul; I9U6 for back flgurai.
Staapa lold prior to Octobar 1. I9U2 wara known aa poatal aarinca
ataapa and vara obllgatlona of tha Poatal SaTln^ Syataa but nubaaquantly bacaaa public dabt obllgatlona.
latlaatad on tha baala of aaaplaa aada by tha Poat Offlca Dapartaant.
2/
Cash
WTlagB
100.0
100.0
100.0
100.0
83,2eU
Octobar...
HoTomber
1/
Onltail Statei
lotsl
2/
87. 750
Itar
Dallj.
5lA,6U7
U25.762
ftBOhan^d for
Cash
91.988
iguu
IS"*
Sourca:
Hota:
P*reantiice dletrlliutloD
of radfli^tloas
Badu()tlone
Het change
t/
^
82.8
12-9 5/
17.2
80.
19.
Ul.lt
U1.8
Vat of aalaa laaa radaaptiona. Saa footnota 1.
Doaa not Induda aaoonta tranafarrad froa Poatal Barlaga Syataa to
tha Traaaur/ to covar outatandlns ataapa.
Includna alnor aaouata Mfaleh vara axchan^d for poatal aarln^a oartlflcataa.
Thaaa a^^agatad I55 thouaand for tha parlod Jul/ 1.
19U2 throu^ Octobar 31, 19U2.
Table 2.- Salee, Claeslfled by Denominations
P«roenta£« dlatribatlon of aalaa
Salaa In thouaanda of dollara
Piacal jaar
or month
Total
all
danoBlaAtlonB
Danomination
10^
*5.oo
100.0
100.0
100.0
100.0
25-1
25.6
20.6
53-1
51.1
50.
51.1
8.9
8.0
7.8
8.8
12.2
11.5
32.583
15.755
26.0U«
17.691
10.882
5.683
1K.3
U.U
".3
U.l
5.2
865
398
1.350
692
U99
322
100.0
100.0
26.2
22.9
50.0
50.2
7.6
7.6
11.8
13.2
u.u
6.1
1.839
3.507
U,868
271
559
8O6
U78
1.006
1.218
157
3U3
25.6
25.6
25. u
U9.8
U8.2
U9.U
7-3
7.7
13.0
13.8
'1.3
1153
100.0
100.0
100.0
8.2
12.
U,6l2
3.157
1.828
810
617
357
1.316
86U
602
UU3
360
259
100.0
100.0
100.0
22.9
21. U
15-3
U9.5
U9.6
lU.l
13.6
16.8
U.8
50.8
8.7
9.7
9.9
372
182
632
218
26U
uoi
135
156
100.0
100.0
100.0
12.9
10.9
lU.l
U9.9
50.5
U9.3
11.3
10.9
11.8
19-3
19-7
17.9
6.6
8.0
6.9
380
3Z3
150
lUO
100.0
100.0
17-9
18.0
U8.1
Ug.7
10.0
17.2
16.0
6.8
6.9
25)!
50^
109.852
126.327
102. 53U
68.727
22,680
313.691
209.121
135.277
56.115
52.508
32.611
20.9U2
9.619
11.396
5.259
2.98b
I.20U
5.696
2.6U3
I9U6- January...
7abruar7.
March
3.689
7.273
9.8U7
9U6
1.859
2,502
April
May
Juna
9.309
6,362
3.598
2,128
1.36U
3.283
1.67U
2,2U0
U23
183
316
l.6«
Saptaabar.
8U3
1.103
Octobar.
..
2.205
HoTafflbar
.
2,019
39U
36U
1.059
982
221
210
isu?
990,268
191I1*
1108,930
268, Ull
1916
19U6
19U5-loTaabar.
Dacaabar.
July
Aa^at
Source:
—
.
552
Denomination
Total
all
danonlnatlona
(X) Total sales:
Dally Treasury StatSDent; (2) Distribution (7
denoalnatlons:
Based \^d Post Office Departae&t data-
tl.OO
71.693
I16.972
10^
21.
25^
50*
10.
$1.00
$5.00
U.7
U.6
5-7
7-2
»(-6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
January 1947
^7
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Governnient and Guaranteed by United States
(In ailllona of dollaro)
Securities Issued by United States OoTBnuaent
Securities goaranteed by United Statee 1/
Distribution by claesee of holders
Blstrlbutioa by classes of holder*
tJ.
U. S. OoTsraaent
Znd of fiscal
year or month
Pederal
Eeserva
Banks
Bgaoclee and
tmst funds
Total
asouut
outstanding
Private
Investors
Total
2/
fuaonnt
unmatured
S.
OoTenment
agencies and
trust funds and
Tederal Reserre
Banks
Private
Investors
2/
outstanding
ITotal
Public
public and marlcet-
special
issues
Public
nonable
marketable
Issues
lesoas
Public
Special
issues
Total
Harfcet-
public
issues
sble
issues
Public
marketable
issues
Public
nonmarketable
Issues
Public
Pi&llc
Ptibllc
Public
marketnoiHmarketnonable
ntaxketable
able marketable
iesues
Issues
issuee
issues
.iL
19371938193919MO.
35. 800
191*1.
lt«,587
19U2.
19U3.
199.5^3
256.357
268.111
18. 920
Dae
I9U6-JU
2,526
2,56U
30,023
2.5g
31.730
33.115
37.982
3.251
U.U66
5.605
6.803
8,225
1.693
1.791
1.835
2,028
71.968
10,3110
2,1*52
3
135. 380
lit. 091
2U,93U
29.121
6.105
6,759
7
U)
IT
30
262. gU9
275. b9'*
26.837
27.0U1
6,098
7.012
29
29
20,710
20.000
23.1*72
36.576
39.
M6
'«.376
1911U.
191)5.
19U6.
19'»5-»0T
1.558
2.676
3. 770
J.775
2.IOI*
7.885
10.871
ll».2«7
18.812
22,332
29.51*5
2'.180
58,988
llU.lUl
165.725
209.630
215.206
2,61lO
7.1>*9
899
21.792
23.783
11*.
28.835
27.989
29.579
29.950
1.188
1.556
2.151
3.166
33.1*28
'».55U
6.360
1*5.1*81
8l*.9>l8
13.507
1».5>I9
iao.88D
S!gi(5
56.209
56.1U3
153.1*21
159. 06U
212,541
221*. 390
2U.262
155.5'«2
167.505
U.665
363
'*,302
286
275
U.528
5.I6U
5.212
6,085
>t.853
5.'*50
5.'i98
U,092
l.;i6
M09
><67
56,998
56,886
6
9
51*5
56.378
U
536
553
57.138
57.176
56,520
287
170
533
277.'»56
27.691
277.912
27.9'>9
7U«
28.173
30
30
30
20.655
20.897
21.135
23.261*
22,901*
2711.
7.006
7.023
7.008
22,601
226.501
227.059
223,975
169.363
r«b
H»r
ipr
272.711
271. UUo
26s. Ill
2g.2bl
28.520
29.121
7,007
7,009
6,759
30
30
30
21,221*
21,1*81
22,732
22,932
23.783
221,718
219,988
215.206
165.31*0
163.51*6
159.061*
56.!*1«2
51*2
22.332
56. 11*3
1*67
July
*"«
267.039
266.359
23.*i33
213.701*
23.91*6
23.85*
2ii,Ol*9
212.359
209.799
157.336
155.829
153. 809
56.368
56.530
55.990
321*
23.1*1*3
6,>>80
30
35
35
23.01*5
S>pt
29.703
30.05H
30,369
6,627
6,575
26it.217
Oct
262, U15
30,1*26
23,518
23, 9¥*
152,1*26
56,01*6
30,608p
35
36p
206,1*71
260,925
6,375
6.3l8p
2l*,015
Hot
206,373p
150,o65p
56,307p
378
362
lUx
Juna
21*, 251*
I
169.88)*
167.1*55
539
51*2
370
391
9
9p
1*,262
\^
3.7g
1,186
2S
3U
.
.
u
U
.
•
U
8
(
Treasury Bulletin
ks
Estimated OmnerBhip of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par
H«ld by
Total
aaouDt
outatandlo^
Ind of
ODtb
Conmercial
banks
2/
T>la»
1/ - In blllloni of dollari)
bukt
Held by non-bank Invsatora
Federal
BeBerve
Banks
IndlTlduali
Inauranc*
eoDpanlet
Mutual
BRTinge
banks
Other
oorporatlone
and
aesoelatloaa
State and
local
D.
gOTemnente
6/
S.
GoTer&nent
agoDOloi md
trust funds
5/
6-3
3-1
2.6
9.7
10.3 p
6.5
6.9
3-1
3-2
10.9
13.6
7.1
MO.l
8.2
2.6
6.2
U7.8
6U.3
17.9
23-7
9.2
11.3
5.9
68.6
80.0
93-8
97.3
26.5
30.3
U.2
1939- Dec eober.
1.7.1
18.11
15-9
2.5
28.7
19I1O-J0110
U7.9
18.6
19-5
16.1
17.3
2-5
2.2
29.3
30.9
a.
19-7
23-7
21.
2.2
2.3
26.0
Ul.l
Docember.
19UI-JU10
Socenber.
50.
<
5U.7
63.8
19U2-Jime
Soewiber.
76.5
111.6
28.7
"7.3
19lt3-March
118.6
139-5
161.0
i6g.7
50.1
185-6
201.1
209.3
76.2
83.3
Jona
Ssrpt ember.
Oecsnber.
19lili-March
June
September.
December.
59. "•
52.2
67.2
58.3
59.9
71.5
230. U
June
September.
235.1
256.8
260.2
105.9
107.3
October.
BoTember.
December.
260.0
263.
276.2
Tebrmary.
March. .
6I1.0
68.U
70.5
77-7
87.1
96.5
7-2
8.9
11.5
12.1
IU.9
16.7
18.8
9-8
37.1
13.1
lU-7
15-1
109.lt
112.2
16. U
117.7
122.2
133.8
lt5.1
17-3
18.3
19.6
53-6
58.5
3't.7
li7.8
52.2
:
2.6
3.2
18.1
19.1
20.6
21.7
iil.3
15.8
16.9
22. It
10.0
9.8
10.7
28.1 p
27.5 r
29.3 '
5-5
6-5
26.8
26.8
27.0
63.5 r
2U.7
25.0
10.9
11.1
11.2
28.6 P
28.3 P
28. U r
6.7
6.7
6.7
27.7
28.0
28.2
25.0
25.2
25-3
11.3
11.3
11-5
26.8 p
26.6 p
25.6 p
6.7
6.6
6.5
28.3
28.5
29.1
62.9 p
62.9 r
62.7 r
25.lt
11.6
11.7
25.1 p
25.1 p
6.I1
25.U
6.I1
29-7
30.1
25.lt
U.7
2lt.5
p
6.3
30.lt
62.8
25.ll
11.7
2lt.2
23-3
22.9
22.6
162.1 r
162. U p
163.0 r
§:i
r
i^rll.
Hey...
June..
273-2
272.0
268.6
112.0 r
110.6 r
107.9 r
89.3 T
57.7 r
SU.l r
22.7
22.9
23.8
161.2 r
l6l.lt r
160.7 r
63.1 p
63.0 r
62.8 r
July
August ....
September.
267.'i
26it.6
106. U r
105.2 r
103.6 r
82.8 r
81.2 r
79.5 T
23.6
23-9
2U.0
161.0 r
161.5 p
161.0 p
October p.
262.8
U2.0
78.U
23.5
160.
^
:
13.1
59.2 p
§1.9 r
63.5 r
92.6 I
93-2 r
89.7 T
1/
23.3
25.8
2U.U
27.6
r
1.0 p
1.5 r
2.0 p
2.1 p
26.6
115.9 r
116.1 r
U2.3 r
j>/
6.8
7.3
7.7
8.3
r
p
p
2lt.9
278.0
27«.5
275-3
Prellalnary.
Revleed.
TAiited ttatei •arla^B bonds, Serlei A-S, I and T are Included at
onrrent radei(}tlon Taluea.
Ouaranteed aecurltles held by the Treaaury &re excluded.
Oonslaia of ooamerelal banke, trust ooaqpanlea, and ateok aarlnga
banka in the tUted Statea and In territories and Insular poesea-
6.1
12.1
15.5
20.7
20.0
22.9
152.0 r
153-7 r
161. U r
r
U.6
5-3
10.6
12.2
.9
1.0
5.3
23.3
23.5
2U.3
p
11.6
5.5
gU.7 r
86.2 r
90.6 r
266.7
1:1
8.5
9.5
ll.U
108.0 r
109.7 r
n't. 8 r
.
2.U
u.u
.6 r
3-7
25.8
23.3
19'*6-^aBQar7.
7.1
7.6
-5r
29-9
28.8 r
tft.O
:
.U p
1:^
10.0
135.7
150.8
152-9
:
ir
20.lt
19.7
21.8
97.'t
6.5
22.7
22.5
77.7
8U.1
19119-lfareh. ....
P
.It
;
59.
>i
;
22.2
2U.U
2l«.8
6.3
ions.
Iscludes securities held In trust departments.
tmat aocounte.
lacludee saTinga and loan associatlone, dealera and brokere, and
iDTeetmenta of foreign balaneee in thia eountiy.
6/ Ootqpriaes trust, alnklng, and luTeBtmect funds of State cmd local goT*
enmanta and their scoiclea, and territories and insular possesaions*
kj Includes partnerahlpe and personal
^
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
(In allllona ef dollars)
^
January
^
1^7
Treasury Survey of Omershlp of Securities Issued by the United States
Government and by Federal Agencies, October 31, 1946
The tables In Section I present sumsary data as of
October 3^
13^ from the Treasury Survey of Ownership of Securities Issued or Guaranteed by the United
The banks and Insurance companies covered In
States.
the survey account for approximately 95 percent of the
Section
I
-
amount of such securities owned by all banks and Insurance companies In the United States.
Section II presents summary data on the ownership
of Federal Land Bank bonds, Federal Intermediate Credit
Bank debentures and Federal Home Loan Bank bonds.
Securities Issued or Guaranteed by the United States Governnient
Table 1.- Sunmary:
All Interest-Bearing Securities
(In aillloBe of dollari)
ClABiifl cation
7
3
)
u
u
Treasury Bulletin
50
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, October 31, 1046 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART A
-
-
-
(Continued)
(Continued)
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES.
AND BY TAX STATUS-C Continued)
Held }sy inreetors ooverad in Treasury Sott^
Inmrance companlaB
Basks 1/
Classification
Total
amount
outstandlfig
All U. S.
OoTemment
7.350
oonmtrclal
banks
2/
3i»
mutual
30«
life
eavin^
lasttraace
banke
eonpanles
5I4O
stock
•arln^B
banks
6W* fire.
casualty,
and narlne
Insurance
companies
agencies
azul
trust ftmdB,
and federal
Held by
all other
investors
3/
BeeeTTe
Banks
Percentage dletriliutlon by classes of seeuritles
l^es of secorlty
:
^
tfelted States
Securities Issued
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank restricted U/
Treaetiry bonds - bank eligible
Postal savings and other bonds
Ouaranteed by Onitsd States 2/
9-3
17.8
7-3
27.2
38.2
1.6
18.8
11.9
1.9
Ug.lt
65.8
hJ.U
2.2
2. It
68.9
26.5
1.5
2.1
77.2
19.0
6.7
6.1
38.3
>I8.8
*
.1
U8.8
25-1
2.U
l6.U
7.0
8.8
2U.0
7.8
38.8
27.0
.1
.1
5.1
6.7
.3
.2
100.0
Total
Call classes:
Doa or first becoaing oallable
Within
year
38.9
21.2
15.9
10 to 1^ years
15 to 20 years
Over 20 years
Tarloue (TOderal Housing Administration
debentures)
6.1
11.6
12.3
1.5.1
3.6
l't.7
23.1.
28.8
100.0
100.0
18.9
81.1
99.
10.7
t.9
12.0
22.0
21.6
22.8
8.9
12.7
1.1
9.2
7.8
33.5
lU.O
11.9
10.0
12.1
18.5
100.0
.1
9-9
90.0
100.0
Total
t.3
8.5
17.8
21.5
2U.6
28.9
39.3
25-0
3.0
.1
fctal
Tai statusi
6/
Wholly exaa^t from federal income taxes
Partially exeo^t from Ttoderal Income taxes JJ
Subject to Pederal income taxes Jj
.2
ll.O
15.U
26.2
17.6
IU.9
100.0
1
1 to 3 years
5 to 10 years
18.
81.
.8
99.g
20.9
79-0
95.''
93.''
100.0
Percentage distribution by groups of InTestors
Types of security
Securities issued by United States
Tl-eaeuiy bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank restricted U/
Treasury bonds - bask eligible
Postal savings and other bonds
Quaranteed by Onltsd States
:
.3
.3
7.8
88.9
1.8
Total
6.3
11.8
1.6
16.II
2lt.8
.8
.3
•3
1.3
3.8
7.9
9.3
15-7
27-7
.6
2.5
7-1
21.8
13.3
12.0
1.6
8.8
5-9
1.2
1.7
37.8
3.t
2-5
2.8
13.0
9.6
18.6
uo.k
25.9
37.1
8.6
7.8
28.9
1.8
21.8
11.
1.6
16.
2lt.8
6.6
Ul.O
63.2
2-7
66.9
8.U
100.0
^
38.9
100.0
100.0
100.0
100.0
100.0
100.0
3U.2
72-1
61.3
19.0
.1
.2
.6
11.3
100.0
26.U
26.l>
7.H
86.0
23.1
5.5
9.9
3.0
20.1
21.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
.1
.2
.U
.8
2.0
33.')
5.9
•3
«
8.6
i.e
3.1
.6
1-3
8.2
8.0
33. t
2lt.3
.35.S
17.5
70.9
ll.i
Call elasses i
Dae or first becoming oallable
Within
1
year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Over 20 years
Tarlotu (federal Housing Admlnlstratien
debentures
Total
.8
38.9
Total
Tax status :
6/
Wholly exoapt from Pederal income taxes
Partially exempt from Federal income taxes JJ
Subject to federal Income taxes JJ
.It
100.0
100.0
100.0
6.3
S.k
71.7
35.3
7.0
13.0
l.U
4
20.1
7.t
17.t
70.9
15.8
25-8
_6i
11.8
1.6
le.u
2U.8
38.9
.3
.9
J_
(Continued en foUoving page)
51
January 1947
Treasury Survey of Omershlp of Securities Issued by the United States
Governnient and by Federal Agencies, October 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
-
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP TOR EACH ISSUE OUTSTANDING
(Far -raloa* - In mlllloDs of dollars)
Held by loTeetore covered In Traaaury Surrey
Barka 1/
Total
aaonnt
(Tax ttatut 6/ Is
bown
in paranthaaea)
oatatandli]^
eonaerdal
stock
sarlD^e
banka
'basks
2/
Treaanry bllli
(taixabla)
'si
Janiiary
t$
Febmaiy
March
Iprll
'8^
Jnae
g*
JTily
AoguBt.
19'*719I17.
September
October
19>t7
19I17
g)(
'ef>
1,99H
1,756
1,210
2,775
2,916
1,223
(taxable)
(taxable)
V)hl
'gjt
U,95li
.(taxakle)
.(taxable)
.(taxakla)
I9I17
gjt
1,788
710
1,927
(taxable)
(taxable)
(taxable)
I9U7
ef,
3,778
3,768
3,330
2,3'»1
(tasabla)
(taxable)
19>t7
I9U7
Total eertlficatea of Indebtedneaa.
Treaaury nctee
l-l/2> December I9U6
1-1/U){ March
19U7
l-l/h)l
September 19U7
(taxable)
(taxable)
(taxable)
September I9U7
September 19U«
(taxable)
(taxable)
1-1/2^
l-l/zji
casualty.
and icarlae
insurance
coapanles
3,133
2,820
lU,6oi
lU
36
H5
22
19
51
10
2U
22
1.20ll
55U
ao
15
l.Uo
7'«
681
17
U18
l,Tllt
13,318
252
3,261
1,91(9
1,082
377
1(82
8
326
195
7.516
10.81(6
5
11
1^
277
12
27
37
39
hog
"•5
10
635
679
809
1,687
765
2,707
2,072
2,755
U
5T
3,7W
5
37
9
7
26
ue
12
301
528
595
8,i>36
33
273
1159
177
729
3,2^
101
305
iio
1,810
625
626
291
7
1*29
l,09U
219
3
195
2.198
3,'t70
2,118
1,352
1,592
1,595
260
75^
552
50
&58
610
969
1,163
1*7
781
671
891
1,050
1,'«87
<.91U
17.562
13
1959-621959-£2
1963-67.
(taxable)
(taxable)
(taxable)
5,28U
Caseaiber
2-1/2^
2-l/2»
December
Juno
Daoember
1963-68.
1965-69.
I96U-69.
(taxable)
(taxable)
(taxable)
2,831
3,761
3,«3«
March
March
June
December
1965-70.
I966-7I.
19^7-72.
1967-72.
(taxable)
(taxable)
(taxable)
(taxable)
5,197
3,U8l
7,967
11,689
333
215
1,096
2, '•71
59
111
690
l.5'»9
2,782
t9.636
1,3^3
7,910
16.992
19U7-52. .(partially)
19U7
(partially)
19>>8-50
(taxable)
799
701
1,115
339
7
11
(partially)
(taxable)
(partially)
1,223
3,o6s
858
2,28U
378
Altai bank reatrleted U/...
Bank eligible
l4-l/li>
October
December
2)1
March
2)(
2-3/ll)t
l-3/l|)(
2-1/gt
March
June
Septeober
357
90
Jtme
&-l/2it
2-1/2)1
2-1/2)8
752
215
3
12
9
2-1 /»
•3-l/2#
833
1,099
738
733
1,1(86
111
Z-1P4
2-l/2)t
5I10
U58
882
132
20
12
32,'»78
1,11(6
26
29
13
9
1.260
2,966
871
71
l>7
Held by
all other
ICTSBtorS
7U1
66
26
752
1,9118
All U. S.
OoTeraaent
agencies and
trust funds.
and federal
Ee serve
Banks
13,351
Total Treaatiry notea.
Treaaary boada
Bank reatrtated U/
3-1 /%> Jnaa
oratual
saTin^s
banks
308
life
Insurance
coB^anles
6UU fire,
1,125
(taxatila)
flcatee of Indebtedneaa
fcTomber igljfi.
Ceceiiber
19Ue
'ii
TJ
16.987
Insurance conpanles
5U0
7.350
51*
191l«-51
19U8
\9*i
.
1*51
5
17
16
61
17
205
2?
1,586
3,i6i»
a
100
235
78
1»1
23
20
12
7
5
28
1
(Continued on fellovin^ page)
8S
1
3*
9
915
2,581
5.339
70
MO
179
155
25
169
586
62
309
11(0
Treasury Bulletin
52
Treaoury Survey of Omershlp of Securities Issued by the United States
Government and by Federal Agencies, October 31, 1046 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Goveminent
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
leeue
(Tax status 6/ is ehovn in parentheses)
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP TOR EACH ISSUE OUTSTANDINO-COontlnued)
(Par Taluee - in mlllione of dollare)
-
January 1947
53
Omership of Securities Issued by the United States
Goveminent and by Federal Agencies, October 31, 1046 - (Continued)
Treastiry Survey of
Section
I
-
Securities Issued or Guaranteed by the United States Govemnent - (Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par
mloas
- la llllon* of dollara)
Hold
1)7
InTeitora eoTared in Treasur7 SnrTor
Xnanraoco oo^anlaa
laniEa 2/
anoTint
(Tax ttatut 1/ it ihoim In parwithaaaa)
ontataadlniC
7.350
ooaaarol al
banks
5U0
•to^
^
(6/|
3,a«2
ble)
( taxable)
(taxable)
3M
llf«
bank!
iBtruranca
eo^>uil e*
6UU fire.
ea«Ti<7.
and marine
invorancs
eonpaiiiet
1*78
13.163
(taxable)
(taxabls)
(taxable)
6,003
383
70
Ouaranteed securities JJ
Gemsoditj Credit Oorperation demand obliga( taxable)
tions
33>»
96.^1;
-
lana
101
lit
tl8,l62
I
5,««
28
70
8/
11
1,320
!!/
3/
6/
2U1|
120
211
-J5_
9**. 1^*0
This coluan inoludes aeouritiee held by those banks and Insuraace
eoflpanies which are not oorered in the Treasury Surrey.
See headnote to this section.
thilted States sarln^s bonds. Series B-S, X, and 7 sure shown at curThay were reported at maturity valaa by the
rent redaa9}tlon values.
banks and insvranoe companies ooTered in the Treasury Sor Tsy but have
baea adjusted to corrant red«Q)tlon ralnas for uee in this statanant.
Series B-S aaTings bonds sold prior to March 1, 19UI are partially
tax-exeqptt those sold on and after that date ara taxable.
Ooaranteed securities held by the Treasury are not included.
C.O.C. denand obligations in the amount of $33^ Billion held by
all coamercial banka are shown only In total amount outstanding-
Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par Talues - in millions of dollars)
(Tax statue 1/ is shown in parentheses)
16
92
356
Lass than $^00 thaaaand.
federal seonrlties fall Into three hroad c^avps vlth raspaat to 1bposition of Tedaral Inooae taxes on Incoae derlred therefroa.
'Vholly' ta!^-exalq>t saourltleB are exempt from both the normal and
"Partially* ta»-exaapt seonrlties are exaopt froa
snrtax rates.
the normal rates axoept that in the oase of partially taz-exai^it
Treasury and aarin^s bonds, interest darlred froa $5 thousand of
principal amount owned by any one holder Is also exompt from the
snrtax rates. 'Taxable' laouritias are suhjeot to both normal and
surtax rates.
Seeurities held in trust departaants are asilndedIncludes trust companies.
Section II
12
3,092
30,233
2,671
12,166
20U
2l»U
220
V
Held
all other
tare store
85
172
1
12
227
«72
Total pilbllo non-aartcetakle aeourltlee.
3.
a^anoias and
trust fnnds.
and Tederal
Bessrre
Banks
17U
30,2JI*
(
Vstal United States saTln^s bondS'
Treasury sarins netas
Depositary bonds
Armed Forces Leave bonda
.
ottul
MTlngfl
2/
United States sarliics bonds
Series B-D
Series I
Series r
Series S
All U.
OoTenuent
Total
Issue
Treasury Bulletin
^k
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
January 1947
55
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
November 30, 1946
Table I.- Securities Issued or Guaranteed by the United States Government i/
PART A - TAXABLE BONDS, NOTES, AND CERTIFICATES
Amount
outatandiog
(Mll-
Hons)
Treasury Bulletin
56
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
Novenber 30, 1946
-
(Continued)
Table I.- Securities Issued or Guaranteed by the United States GoTernmentl^- (Continued!
PART B
Amount
outstanding
(HUllonB)
-
TAXABLE TREASURY BILLS
January 1947
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
November 30, 1946
-
(Continued)
Table II.- Securities Issued by Federal Agencies but not Guaranteed by the United States
ont-
tandlDg
(Millions)
Treasury Bulletin
58
YIELDS OF TREASURY SECURITIES
NOV. 30.1946
Based on Mean of Closing Bid and Asked Quotations
59
January 1947
Average Yields of Long-Term Treasury and Corporate Bonds
(Farcant par aaimn)
Partially Taxal>la
tax- exempt
TreaauiT
Treaaury bonde
1/
^ooda 1/
Partially
Hlghgrsla
coTporata
iMnda 2/
laxaljla
tax-axaofit
Traaaory
bonda 1/
Treaaxuy
bonda 1/
Partially
HLgherada
corporate
bonda 1/
bonda 2/
Taxable
ta>-axa^t Traaaury
grade
corporati
bonda 3/
Traaaury
bonda II
KantUy aarlaB 2/
193«-Jan.
Feb.
Mar.
2.69
2.68
2.67
igltl-Jan.
2.12
2.22
2.12
Feb..
Mar..
^r..
2-57
2.71
2.73
19l*U-Jan..
2.76
2.75
2.70
2.66
2.66
2.56
2.5«
JWy
Sept.
3.15
Ama.
3.12
3.10
3.12
Jnly.
ins..
Sapt.
1.98
2.01
2.02
3.06
3.0U
3.02
June
2.07
2.OU
2.01
2.58
2.57
2.63
Apr.,
Hay.
Oct.
BOT.
Dec.
3.17
Oct..
Sot..
Sao..
1.98
1.95
2.06
2.3U
2.10
2.17
2.10
2.1)8
Feb..
Mar..
May..
,
2.61
2.3l»
2.U7
1-95
1.93
l.Sl
2.1*9
2.1*9
2.1*8
2*65
Apr..
May..
Jnae.
I.9I*
2.1*8
I.9U
1.91
2.1*9
2.6l
2.58
2.58
July.
Anc..
Sapt.
1.89
1.90
1.93
2.1*9
2.1*8
Oct..
BOT..
Sec..
1.93
1.90
1.87
2.1)8
1.81
2.1*1*
Feb..
Iter..
2.5U
2.pl
2.U3
2.96
2.90
2.87
2.38
2.27
2.22
2.92
2.S6
2.78
Apr..
May..
2.0
2.l4l«
2.0(
Jma.
2.0U
2.U5
2.U3
r.7^
2.75
2.23
2.27
2.67
2.76
2.79
3.29
July.
Jug.
Sept.
2.71*
2.06
2.08
2.U6
2.U7
M«y.
Aua.
JUy.
2.73
2-73
iOE-.
Sept.
2.60
2.U6
2.35
3.1U
2.93
2.Sb
Oct..
err..
Sec..
2.09
2.10
2.13
2.U5
2.72
2.71
2.72
Oct..
2.30
2.32
2.26
2.81
2.T9
2.77
19U3-Jan.
Feb..
Hir..
2.U
2.U
2.1*6
2.1*6
2.12
2.1I8
i^r.
May.
June.
2.26
2!m0
2.7U
2.87
2.93
Hay..
Jamb.
2.05
1.96
1.91
2.U5
July.
iug.
Sept
2.30
2.31
2.25
2.85
2.80
2.71
July,
iag..
Sept.
1.91
1.92
1.90
2.1*8
Oct.
Sot.
Dec.
2.21
2.09
2.0X
2.'65
Oct..
Sot..
Sac..
1.90
I.9U
1.95
1939-Jnn.
Tab.
Mar..
^r.
May..
June
Jtaly
Sapt
Oct..
Mot.
Sac.
19l(0-Jan.
7ab.
Har.
2.59
19lt2-Jan.
2.1«
2.I16
2.0>t
2.1»6
2.1*7
2.U9
2.>I8
2.1*6
\^
2.1*8
2.1*8
2.1*9
2.76
2.90
2.80
19115-Jao.
2.1*9
2.1*7
2.1*8
2.1)8
2!^
2.59
2.57
2.55
2'.a
2.59
J*/
2.58
2.56
2.51
1.75
2.38
LTD
2.110
1.68
1.68
1.63
2.39
2.39
2.35
1.63
1.68
1.68
2.31*
.62
.56
2.35
2.33
2.33
2.51*
2.1*3
Feb..
Mar...
2.21
2.12
2.09
2.36
2-35
2.68
2.65
2.63
Apr....
May....
June
2.08
2.19
2.16
2.1*2
2.58
2.57
2.59
J«ly...
2.18
2.23
2.28
2.1*1
2.26
2.29
2.51
2.51
2.2«
2.27
2.26
2.26
2.1*9
Feb..
Mar..
Apr..
2.70
2.68
2.70
2.60
2.61
2.63
OT..
D«>..
19l*6-Jan.
.
.
Au^at.
Sapt
. .
Oct
BoT
2.36
2.37
2.1*9
2^56
2.5U
2.51*
2
2
s
2.1)1*
2.50
Veekly earlaa - Saturday figiiraa 2/
19116-Jiine
7.
lit.
21.
28.
July
5.
12.
19.
26.
2.17
2.15
2.16
2.16
2.1*U
2.11*
2.1)0
2.1*1
2.17
2.19
2.21
2.1*2
2.1)0
2.1*0
2.U2
2. 1*2
I9i*6-Au(.
2.
2.1*3
9.
19116-Oot.
2.UU
2.Wt
16.
2330.
^:
2. HI*
2.1*6
Hot.
2.27
2.29
2.30
2.28
Sept. 6.
1320.
27.
2.1*9
2.1*9
2.M9
5.
11.
2.
916.
2330.
2.2J
2.21*
2.52
2.51
2.51
2.52
2.28
2.U9
2.52
2.51
2.26
2.27
2.27
2.52
2.52
2.52
2.27
2.27
2.27
2.28
2.52
2.52
2.52
1/
2.51
2. 28
2.51
2.26
2.27
Dally earlaa
19U6-H0T.
1
2.
2.23
2.23
2.52
2.52
l9i)6-HoT. 11.
12.
2.2^
U.
2.23
11:
2.26
18.
19.
20.
2.26
2.26
2.26
2-53
2-53
2.52
2.52
1:
2.21*
7.
8.
2.21)
2.50
2.51
2-51
2.51
9.
1/
2.21)
2.2l)
n
1/
2.51
2.52
2.50
2.H9
2.U9
2.21)
Treasury bond yields ar« computed on the liasls of the mean ef oleel0£ Isld and ask quotations In the oTer-tbe-eounter market, bsglnclng
September 2, l^Ulj prerlottsly, closlag prices on the tov Tork Stock
Exchange vere used on days vhen sales took place on the bcbance In
a particular Issua and the mean of closing bid and ask quotations
OB the New Tork Stock Sxchance oa days vhen no sales took placeCorporate bond yields are computed on the basis of closlBg prices
OD the Vev Tork Stock Kxchanfe and the Bev Tork Curb Sxchange; e«
daye when an lesue dees not sell, the price of the last preeedlac
Monthly and veekly data for the period January 1933
sale is used.
through March 19UU ^ipeared in the "Treasury Bnllatln* for ^rll
19^» pages 57-61ATerage of Treasury bonds aelther due nor callable for fifteen
years. Por dlscusBion of composition of arersge see "Traaeury BulThe partially tai-eiempt series
letin' for March I9W*, page 5s.
vas dlscontlntied on December 15, 19^ because thers wore no longer
any bonds of this classlfieatien due or callable In 15 or aore years.
Partially tax-ezmpt bonds are those the Interest on vhloh is exeapt
from the normal rates of the 7eaeral income tax, except that in the
Zj
y
H/
5/
6/
JJ
19lt6-loT. 21.
22.
23.
27^
28.
29.
30.
1/
ease of partially tax-sxen^t &easiiry and 17nlted States sarlngs
bonds, Interest darired fren $5,000 of principal amottnt ovned by
any one holder Is also sxsmpt from the surtax rates of the Federal
laoeae tax. Taxable bonds are those the Interest en vhloh is subject to both the normal and surtax rates of the Federal income tax.
Ibr discussion of present oon^osltion of hi^-grade corporate bond
arerage, see Treasury Bulletin" for January 19'*5, !»€• 96; for
discussion ef Its prerious coi^eeltlon, as veil as the considera-tlons underlying its construction, see "Traasury Bulletin" for
iprll 191*3, page 61.
Monthly aTerages ef dally figures. Prior to ^ril 1, 1938, corparata bonds are averages of Saturday figures.
Tke coapoeition ef the high-grade eerporate bond aTerage vas raTlsed commencing vith BoTomber 1, 19^* "Hie old average for Hoveit%sr 19Uh VB3 2.56^. See footnota 2.
On days vhen the exchanges are closed, the date and prices of the
prerioua day are used.
Closed.
Holiday.
60
O
z
o
m
UJ
»>
-
Treasury Bulletin
^^
January 1947
CORPORATIONS
OF
THE
CERTAIN OTHER AGENCIES
UNITED STATES GOVERNMENT
AND
.
8
2
.
7
9
Treasury Bulletin
62
Corporations and Certain Other A^ncles of the United States Government
Quarterly
data
relating to
corporations In which
tion of funds.
the United States has a proprietary Interest,
and certain other agencies
Indirect,
Section
three sections.
bilities,
expense;
and
I
are
direct or
published In
contains data on assets, lia-
section II, data on Income and
and section III, data on sources and applicacapital;
Section
I
The tables
month
"Dally
section I are compiled from midIn
Treasury Statements."
The
tables In
sections II and III are obtained from reportc of the
corporations and other agencies, adjusted by the Treasury Department.
Aseets, Liabilities, and Capital as of September 30, 1946
-
Table 1.- Summary
(In allliona of dollars)
Total
Asaete
Cash 1/
Corporation*
1,156.9
2lt3.0
Deposits with Oovenisient corporations
and agencies
Loans receivable from:
Oovernment corporatlone and a^ncles
Others, less reserres
Accounts and notes recelTable from:
OoTernment corporations and agencies
Others, less reserree
g")8.S
Certain
other
agenclei
308.1
2lt3.0
U,'t70.9
5,9't9.2
Total
Capital
United Statee interest:
Government corporations and agencies
Other
Corporation!
Certain
other
agenclei
265.7
10,721.3
l,"«7.7
1,112.8
266.6
767.7
30"».l
9.9
65.8
25.5
311.0
l,U2g.6
lUg.!t
8I.9
1,835.6
1,718.6
9.2
227.3
-1,222.2
25,762.l^
"•95.7
"•95.7
25,035.8
-726.6
25,762.l^
Total liabilities and capital
'*3.i5i.i
15.«»«.3
27,302.8
Ul,720.g
5,051.2
36,669.5
117.0
9.2
390.2
2l^,5"l0.2
Total United States interest
162.5
l.3'»6.7
178.5
25,583.9
"•!•"•.
"•63.6
35.'»
109.1*
-l.''87.9
Analysis of Investment of United States
Paid-in capital
7t9.6
U,5Ui.6
2't,096.0
162.9
Private interests
Accrued assets;
OoTermnent corporatlone and agencies
Others, less reserres
Advances to contractors and agents.
Comnodltles, supplies, and fflaterlals.
. .
Investnents:
Public debt obligations of United
States
Securities of OoTernfflent agencies
guaranteed by United States
Other securities, less reserves
Land, structures, and equlpaent, less
reserves
Acquired security or collateral, lass
reserves
12,921.5
16.973-5
'•,052.0
18.1
29.6
ll.U
Deferred charges
159.1
Uz.8
U6.U
Undistributed chargee
Capital stock and paid-in surplus of
Oovernment corporatlone
299.2
122.1
177.1
ltUl».2
265.7
178.5
Other aseets
159.0
28.6
130.i^
Total bssets
"•3,151.1
15.8"»8.3
27,302.8
"100.7
365.3
6U2.5
35.'^
liabilities
Accounts payable to:
Governnent corporations and agencies
Others
Accrued llabilltleel
Govenunent corporations and agencies
Others
Trust and deposit llabllltlee to:
Oovernment corporatlone and agencies
Others
778.3
35.9
202.9
l,l9l».6
321.2
3''.5
201.1
1,065.0
298.8
135.8
l.U
1.8
129.7
22.U
Bonds, debentures, and notes payable
to:
2/
Qovemnent corporations and agenoieei
Guaranteed securltiee Issued to
U. 3. Treasury
Ouaranteed securities - public
issuee
Not guaranteed 2/
Others:
Ouaranteed seearities
Not guaranteed 2/
10,721.1
Treasuiy loans to Government corporations
9.2
281.1
larned surplus (or deficit [— ]
(United States share)
•10.721.1
15,772.3
25,9l^8.l»
-17,180.6
-6.273-'*
-10,907.2
2"t,5"t0.2
9, '•98.
)
Book value of United States Interest,
including interagency Items
Interagency items:
Amounts due to:
Government corporations
Certain other Government agencies
Government agencies not required to report
i,i*S5.i
Total interagency liabilities.,
Amounts due from:
Interagency proprietary interests
Government corporations
Certain other Government agen-
Total Interagency assets
"•80.7
68.5
6.3
830.1*
673.0
157.'^
2,390.2
l,7'^5.9
61A.3
7''.
,
i.oo'*.'*
15,0"^1.3
-"A"t.2
-26s.
-178.5
-68.5
-1,072.9
-1,0011. >*
-"•86.9
-1*80.7
-6.3
-857.1
-639.it
-217.6
-2,861.0
-2,590.2
-'*70.9
2"»,o69.3
8,85'*.6
15,2ll^.7
"•«8.7
3'».3
10,721.1
"•1,720.8
Total investment of United States
clee
Government agencies not raqulred to report
10,721.1
9.2
7'^9.8
Total capital
"•3.6
376.8
3>«.5
l,250."t
l,250.fc
Deferred credlte
132.6
"e.o
90.6
Undistributed credlte
606.0
352.9
253.2
Obligations to purchase loans held by
lending agencies
Other liabilities (including liability
reserves)
Total llabllltie
Note:
See page 71 for footnotee.
Book value of United Statee Interest
after exclusion of interagency items
Contingent liabilities
Guaranteed loans. .
173.0
173.0
1,162.8
80>^.S
358.0
18,115.3
l6,57't.9
l,5"io."^
26.5
26.5
2"^"^.7
2110.5
U.2
63
January 1947
Corporations and Certain Other Agencies of the United States Government
Section
I
-
-
(Continued
Assets, Liabilities, and Capital as of September 30, 1946 - (Continued)
Table 2.- Comparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Type of Loan for Recent (Quarterly Periods
(In alllloni of dollart)
2
Treasury Bulletin
6U-
Corporations and Certain Other Agencies of the United States Goverranent
Section
I
-
Assets, Liabilities, and Capital as of September 30, 1946
-
-
(Continued)
(Continued)
Table 3.- Comparison of Gross Loans Outstanding, Excluding Interagency Loans,
by Agency and Type of Loan, September 30, 1045 and September 30, 1946
(In millloBB of dollATi)
Loan* to aid
fatal
apiculture
loaao to aid
koBO owBoro
I«aai to aid
loduttrj
GoxporatioB or other ^•007
Sop*- 30,
19U5
Corporation!
IzesutlTO Office of the President:
Office for Biergency Hanacea^nt:
Smaller War Plante Corporation
Department of Afrloulture:
Commodity Credit Corporation
Paim Credit Idmlnletratloal
Banlce for cooperatlTet
Tederal lateraedlate oredlt ^amke
federal land banks
Heslonal A^lcultural Credit CozToratioB of
Vaihlnfton, D.
Toderal Tarm Mortfai^ Corporation
Sopt. 30,
Sopt. 30,
191*
Sept. 30
19)l£
Sort. 30,
"'ii^-
19115
3U.2
Sopt. 30,
1945
Sopt. 30,
19146
3U.2
25«-7
29.1
256.7
29.1
127.S
2TS.5
l.iei.H
a>3-8
320-5
1,026.1
127.9
279.5
1.10«.U
203.8
320.5
1,026.1
10.2
291.0
i6?:i
10.2
291.0
M
227-1
13.3
983-9
7.H
l,0U9.3
802 .k
12.8
IM.O
lU.O
r,
2.H
1-5
99-8
908.0
682.1
288.1
279.0
-9
.8
Sopartment of Comaorcoi
Inland Vatervoje Corporation
Department of State:
Office of Inter-American Affaire:
Prenclnradlo, Ino
l^ort- Import Bank of VaihiBftoa
federal Depoelt Inenranoe Corporation
federal Loan iceooyi
Roconotrttotlon finance Corporation and oertain
afflllatoe:
Eeeonotnctlon finamoe Corporatioa
Disaster Loan Corporation
federal latlonal Mortface IssooiatioB
Ths &fC Hort£a«e Company
Defense Supplies Corporation
&abt>er Derelopment Corporation
U. S, CoBBorolal Coapaay
latlonal Bousing icencyt
federal Boae Loan Bank Atelnlstration:
federal home loan banks
Home Owners' Loan Corporation
federal Public Eouslnc Authority and afflllatai
federal Pnblio Honslac Autlurity
Defense Bomee Corporation
Tennessee Talley Aasooiatsd CoopsratlTos, lao
Total leaBS of OoTaraMent eoiperatlona
Oertain other a^enoles
Dopartnent of A^rloulture:
U/
farm Credit Administration
farm Sscurity Administration U/.
Bural electrification AdministratiOB
y
Departmsnt of the Interior
federal Iferks Acenoy 6/
^
latlonal Boualnc Agenoyi
federal Housing Administration
Daltod States Maritlmo OonissloB
Other U/ 2/
Talal loaas •! oertala other OoTonuMBt acsnoies....
Corporations and oertain othar agaaoiee
Total loans
gtt:
8ae pac* 71 for
908.0
feotutM.
•3
.2
'»,762.8
lUj.5
130.9
130.9
>tS$-6
itlU.7
«3.6
.1
1.0
>t,757.'t
25U.2
«8I.l
•9
2.7
Tennessee Tallej Authority
10.7
l48lf.7
3t8.3
1)89'
e.it
i.Ty.T
»6l3
29>».2
fi-7
3M-3
2.8
56.5
129.7
7Dl».0
290.8
119.0
2,07».5
59.3
UK.;
39?-?
l<89.2
76.8
11.8
78-7
19.1
a*.7
6.7
18>.7
2.8
U6I.9
i.2g6-6
1,68U.U
1,022.3
1,109.0
6,0lU.l
6,^7.1
3.096-6
2,859-T
12.9
5.0
(OsBtinnad ea follovlac paf*)
961-3
70U.O
65
January 1947
Corporations and Certain Other Apenciee of the United States Government
Section
I
-
(Continued)
-
Assets, Liabilities, and Capital as of September 30, 1946 - (Continued)
Table 3«- Comparison of Gross Loans Outstanding, Excluding Interagency Loans, by Agency
and Type of Loan, September 30, 1945 and September 30, 1946 - (Continued)
(In Billions of dollar*)
Corporation or other a^oacy
loaae to aid
States, Terrltoriea, etc.
Sept. 30,
Sapt. 50,
19U6
Loans to aid
financial
inttitutiona
Sept. 30,
X9>*5
Other
loans
Ibreien
loans
Sapt. 30,
191*6
Sapt. 30,
Sapt. 30,
Sept
19»*5
19»»5
Sept.
%,
19U6
Corporations
IxemtiTe Office of the President:
Office for bergencj Hanaseaent:
Ssaller Var Plants Corporation
Departaent of igrieultore:
CoaBodit7 Credit Corporatioi^
Faro Credit Adsinistratlon:
Banks for cooperatlTes
Federal Icteraedia'.e credit banks
federal land banks
Heclonal A^lcultural Credit CoxporatloB of
Vashlncton, D. C
Federal Fara Mort«ac« Corporation
Cepartaent of Coaaerce:
Inland Vatervars Corporation
Dspartaent of State:
Office of Inter-Anerican Affairs:
Prancinradio, Inc
.1
bport-Iaport Bank of Vastaln^on
National Botulnf Agency:
Federal Boae Loan Bank Adainistration:
Federal hone loan banks
Soaa Ovners' Loan Corporation
Federal Public Housing Authority and affiliate:
Federal Poblic Houfiing Authority
Defense Eoaes Corporation
982.6 8/
.2
2U7.9
13.3
7.U
61.3
1U.3
291.5
.
Taderal Deposit Insurance Corporation
Federal Loan Agency:
Beconetroction Flnascs Corporation and certain
affiliates:
Heconstmctlon Finance Corporation
Disaster I«an Corporation
Federal Hational Mortcaee Association
The BFC Mortgage Co^ianj
Defense S\q)pli ee Corporation
Bobber Berelopaeat Corporation
n. S. Comerclal Oovgvc^
.1
226.9
—
—
—*
105.9
99.8
386.6
3*»-l
76.8
9-5
l.U
23"*.
78.7
Tennessee Valley Associated Cooperatives, Inc
Tennessee Tallay Autbori^
fotal loans of OoTemaant oorporatione
m.3
256.5
520.8
1,232.1
Certain other agencies
Department of Agriculture:
Fara Credit Adninlatratlon 3/ U/
Para Security Adainistration U/.
Bor&l Electrification Adninistration
Departaent of the Interior 5/
Federal Vorics Agency 6/
lational Housing Agency:
Federal Bousing Adnlnistration
Iblted States Marltiae Coaalssion
Other 4/1/
Total loans of certain other GoTemment agencies
Corporations and certain other agencies
Total loans
Bote:
See page 71 for footnotes.
uoo.o
76.8
78.7
usu.g
U£2.8
17U.3
—
1.5
277.6 2/
lJ07.'»
129-9
1.5
2.U
309.7
17.i
120.1
256.5
520-8
328.7
u
66
Treasury Bulletin
Corporations and Certain Other Agencies of the United States Government - (Contlnuedl
Section I - Assets, Liabilities, and Capital as of September 30, 1946 - (ContlnueJI
Table 4.- Corporations
(la llllon, of dollaTi)
Kxecutlve
Department of Agriculture
(continued on following page)
Office of
the President
total
Mn-
Office for
gancy IUiis g s«snt
Saallar War
Plants Corp.
Aaieta
Ca«h
Depoilia vlth other OoTernarat eorvorfttloni
and a^eoel es
l«ane recelval>l« from:
OoTenment oorporatloaa and a^eneles
Others, leae reeerrei
Accounts and notes receirable from:
OoTarnaent corporations and agencies
Others, less reserves
Accrued assets:
OoTemaent corporations and agencies
Others, less reserves
Advances to contractors and agents
Commodities, applies, and oatarlals
Investments:
Public debt obligations of Onlted Statea
Securities of Oovemment agencies guaranteed by Onited States
Other securities, less reserves
Land, structures, and aqolpaent, lass resarres..
Acquired security or collateral, laas reserves..
Deferred charges
thidlstrlbuted ohargea
Capital stock and paid-in aurpliis of Oovenment corporations
Other assets
y
Total assets
Others:
Oriaranteed securities
ot guaranteed 2/
Deferred credits
Undistributed credits
Obligations to purchase loans bald by lending
agencies
Other liabilities (including liability reserres)
Cradit
Corparatloa
IW.8
U,5Ul.S
28.7
1,112.8
304.1
Ted«rftl
IntenDsdlate
crsdlt bmnki
21.9
203.2
20.5
320.5
Federal
land
banks 11/
Ul.l
lit/
959.212/13/
I186.2
.9
218.9
163.1
1.9
9-9
65.8
.1
2.3
•5
1>48.1|
lU.l
''3.2
138.8
56.9
577.J 15/
i.ns.s
1)2.8
9.2
227.3
l»,092.0
11. It
X.J
.1
5-3
.1
U2.8
122.1
.5
.7
9-»
265.7
28.6
u.i
163.1
l.fQO'O
1.6
109.0
l,lOt.2
.1
269.3
1.7
U.l
365.3
6U2.5
''66.)
lf.2
3H.5
201.1
53.7
1.1
1,065.0
298.8
357.1
i33.e
e
.1
.3
22.8
10,721.1
281.1
500.0
3IU.6
8O7.8
.6
.1
20.5
333.9 li/
1, 250.4
25-^
I12.O
.8
352.9
22.9
173.0
8011.8
20.2
693-8
l6,57"t.9
ToUl liabilities
Banks
for
cooperatives
nj.*
IS.g'B.S
Liabilities
Accounts payable to:
Oovarnment corporations and agencies
Others
Accrued liabilities:
Oovernment corporations and agsnoies
Others
Trust and depoelt liabilities to:
Oovernment corporations and agencies
Others
Bonds, debentures, and Botes payable:
2/
Government corporatiooa and agencies:
Guaranteed seeuritlas issuad to Treasury
Hot guaranteed 2/
7arm Credit Administration
(continued on foliowli:g page)
Comllty
2,599-3
5.6
.1
1-9
1I6.2
316.3
*5.5
178.5
60.0
39.9
36.9
Capital
D.
S. owned:
Capital stock
Paid-in surplus
Expended appropriations
Earned surplus (or deficit C- J
Total United States owned
100.0
1,322.» 11/
2,639.1
1,562.5
8U9.6
)
Privately owned:
Capital stock
Sarnad surplus
Total privately owned
Total- capital
Total liabilities and capital
Analysis of investment of United States
Book value of United Statea Interest, including
Interagency Items 18/
Interagancy Items (net), amounts due to (or
from [-] ):
Government eorporations
Other Govemaent agencies excludi^ Treasury
loans to Government corporations
Book vmlua of t%ilted States intoroet after exclueioa of Interagency items
-6.273.''
-36.9
.2,121.5
35-5
32.7
-1,222.2
163.1
-699.3
2llt.O
92.7
lb3.1
15.8'tg.3
163.1
9,l»98.9
163.1
-265.7
-163.1
-378.6
8,85U.6
a;.i
"wrr
1,900.0
269-3
H09.0
1,16U.2
-199.3
211'.0
92.7
76.8
''5
20.6
-20.6
^^mr'
-115.
-310.2
Contingent liabilities
Guaranteed loans..
Other
Vote:
See page 71 for footaotes.
2U1.9
9-2
''95.7
-726.6
76.8
6U.0
178.0
7.6
1.5
293.0
202.6
2II0.5
(Continued on following page)
318.8
.3
-.u
23'*.
5
72.2
76.6
January 1947
67
Corporations and Certain Other Agencies of the United States Government
Section
I
-
Assets, Liabilities, and Capital as of September 30, 1946
Table 4.- Corporations
-
-
-
(Continued)
(Continued)
(Continued)
(Iq ollllona of dollars)
Dapartment of Apiculture - (contlnuBd)
fara Credit
i4A. (cont'd]
Re^oaal
Agricultural
Credit Corp.
of Vash.. D. C,
Assets
Cash
Deposits with other Goveminent corporations
and aeene lea
Loans recelTable from:
OoTemment corporations and a^eDOles
Others, less reserres
Acooucts ELnd notes receivable froo:
GoTornment corporations and agencies
Others, less reserves
Accrued assets:
OoYernment corporations and agencies
Others, leee reserves
Advances to contractors and agents
Commodities, s^qiplles, and mat a rial a
Investments:
Public debt obligations of Thilted States...
Securities of Oovemment agencies guaranteed by United States
Other securities, less reserves
Land, structures, and equipment, less raaama.
Acquired security or collateral, lass reserras.
Deferred charges
Undl strlbuted charges
Capital stock and paid-in stirplna of Government corporations
Other assets
y
12.7
Total assets.
lU.9
Liabilities
Accounts paj^able to:
Government corporations and agencies
Others
Accrued liabilities:
Oovernmsnt corporations and agencies
Others
Trust and deposit liabllitlss to:
Government corporations and agencies
Others
Bonds, debentures, and notes payable:
2/
Government corporations and agenclest
Guaranteed securities Issued to Treasury
Sot guaranteed 2/
Others:
Guaranteed securltlea
Hot guaranteed 2/
Deferred credits
tfedlstrlbuted credits
Obligations to pxirchase loans held by lending
agencies
Other liabilities (Inclwllng llabll.ty reserves)
.
Sotal liabilities.
Capital
!r~S. owned:
Cs^ltal stock
Paid-in eurpl ue
Expended appropriations
Earned surplus (or deficit
Total
.1
21.8 22/
[ - 3
^
%lted States owned
Privately owned:
Capital atoclc
Earned surplus
Total privately owned
Total capital
Total liabilities and capital
Analysis of Investment of tfeited States
Book value of %lted States Interest including
Interagency Items 18/
Interagency Items (net
net), amounts due to (or
from [ - 1 )
Government corporations
Other Government agencies excluding Treasury
loans to Government corporations
Book value of %lted States Interest after exclusion of Interagency Items
Contingent liabilities
Guaranteed loans...
Other.
-7.6
federal
f&rm
Mortgage
Corporatloa
federal
Crop
laau ranee
Corporation
federal
Surplus
CoDUBodltles
Corporation
(In liqui-
dation)
Department
of Commerce
Department
of Interior
Inland
Vaterwaye
Corporation
The
Virgin
Islands
Company
12/
20/
Department
of Justice
Tederal
Prison
Industries,
Inc.
Dspartmaat
of
State
21/
5
Treasury Bulletin
68
Corporations and Certain Other Agencies of the United States Government
Section
I
- Assets,
Llabllltlee, and Capital as of September 30, 1946
Table 4.- Corporations - (Continued)
_^
(In alllloQs of dollars)
War Department
United
States
Spruce
Production
Corporation
(in liquidation)
Aaaett
Caoh 1/
Deposits vlth other GoTarnaent coxporatlons
and agencies
Lo&ni rocelTable froa:
OoTemment oorporatlons and acencles
Others, less reserves
Accounts and notee receiTahle fromi
Oovemment corporations and agencies
Others, less reeervea
Accrued assets:
OoTerDinent corporatlonB and agendas
Otheri, less reaervee
Advances to contractors and agents
ComDoditles, iiqrplles, and aaterlals
InTestmentei
Ptlhllo dsbt oUigatlona of Ihlted States
SecxLrltlss of Oovemfflent agencies goaranteed
tj Dbl ted States
Other socnrltlss, less reaerves
I«ad, etmctures, and equipment, less reservss..
Acquired security or collateral, leea reserras..
Deferred chargea
thldletrlhuted chargoa
Capital stock and paid-in aurplua of QoTsmment corporations
Othar asssts
Itotal
XxportImport
Bank of
Washington
9U5.I 8/
.1
5-5
,
assets
l,03"i.7
Uabilltles
Accounts payable toi
OoTsnunsnt oorporatlons and agendas
Others
Accrued llabllltlee:
GoTamiBent corporations and agencies
Others
Truat and deposit liabilities toi
GovemoeDt oorporatlons and agencies
Othors
Bonds, debentures, ant notes payablst
2/
Oovemaent corporations and agencleat
Oaaranteed aeouritles leaned to Treasury
Vot goaranteed 8/
Other a:
Guaranteed secnrltlea
Sot guaranteed 3/
Deferred credits
tfedlstrlbuted credits
Obligations to purchase loans held by landing
agencies
Other liabilities (including liability reserras),
<
,
,
Total liabilities
l^.S
153-2
Capital
U. S. owned:
Capital atoclc
Paid-in sorpluB
Kipended a^roprlationa
Earned surplus (or deficit [-]
»75-0
)
Ibtal Ihi ted States owned
Prirately owned:
Capital stock
Xarned surplus
Total prlTately owned
liotal oapi tax
Total llabllltlee and capital
Analysis of InTSstaent of United States
Book value of Onlted Statee interest, Including
interagency iteas 18/
Xnterageocy Itens (net), anonnts due to (or
froiTl-]):
Oovemaent corporations
Other Oovemnent agencies excluding Treasury
loans to Oovemsant corporations
Book value of United States Interest after exclusion of interagency Items
Contingent liabilities
Ouaranteed loans
Other
Hote:
See pe^e 71 for footnotes.
6.5
Ml.
-
-
(Continued)
(Continued)
January 1947
69
Corporations and Certain Other Agencies of the United States Government
Section
I
-
Assets, Liabilities, and Capital as of September 30, 1946
Table 4.- Corporations
-
-
-
(Continued)
(Continued)
(Continued)
(In Billions of dollars)
Hatlonal Homing Agency
Tedflral Home Loan Bank Admlclttratlon
Federal
home
loan
banks
C»ah \J
Deposit! with other OoTemaent corporations
and agencies
Loans receivable froa:
Oovemaeat corporations and agencies
Others, less reserves
Accounts and notes receivable froai
Oovernsent corporations and agencies
Others, less reserves
Accrued assetsi
C>ovemaent corpcratloDS and agencies
Others, leas reserves
Advances to contractors and agents
Cosunodities, supplies, and naterlals
lovettnenta:
Public debt obligations of United States
Securities of Oovemaent agencies guaranteed by United States
Other securities, less reserves
Land, structures, and equlpaent, less reserves..
Acquired security or collaterml^ less reserves..
Deferred charges
Undistributed charges
Capital stock and paid-in surplus of Oovomment corporations
Other assets
Total assets
Liabilities
Account* payable to:
Oovemaent corporations and agencies
Others
Accrued liabilities:
Oovemment corporations and agencies
Others
Trust and deposit liabilities to:
Oovernaent corporations and agencies
Others
Bonds, debentures, and notes payable: 2j
Oovernmeat corporations and agencies:
Guaranteed securities issued to Treasury.
Hot guaranteed Zj
Others:
Ouaranteed securities
Not guaranteed 2/
Deferred credits
Undl fltrlbuted credi t*
Obligations to purchase loans hold by lending
agencies
Other liabilities (Including liability reservee).
Total llabllitlee
?ederal
Sarlnga
and Loan
Inaurance
Corporation
1.3
23**. 8
.1
2-5
.6
1.1
130,1
i6e.o
385.8
173.0
5U.6
2.9
1^6.9
3-0
Capi tal
U.
owned:
Capital stock
Patd-ln surplus
Xxpended appropriations
Bamed surplus (or deficit Q- J).
Total United States owned
S.
Privately owned:
Coital stock
Earned surplus
Total privately owned
Total capital
Total liabilities and capital
Analysis of investaent of United States
Book value of United States interest, Incliullng
Interagency Iteoe 18/
Interagency iteas (net), aaounts due to (or
froa [ - J )
Oovenmant corporations
Other Qovernaent agencies axcliuling Treasury
loans to Oovernaent corporations
Book value of United States Interest after ozclualon of Interagency Iteas
Contingent llabllltieB
Ouaranteed loana.
Other.
123.7
70.0
123.7
82.1
21.1
1OT.2226.
-^^'^:r
123.7
123.6
Home
Oimere'
Loan
Corporation
Federal Public Housing
Authority and affiliate
Federal
Public
Housing
Authority
22/
Defense
Bofflee
Corporation
Panama
Railroad
Co n^ any
Tenneesee
Valley
ABEocisted
Cooperatives,
Inc.
TennesF-=e
Valley
Authority
U
9
.
1
Treasury Bulletin
70
Corporations and Certain Other Agencies of the United States Government
Section
I
Liabilities, and Capital as of September 30, 1946
- Assets,
Table 5.- Certain Other Agencies
(In millions of dollars)
Departaent of Agrlealtare
Kara
Credit Security
Adminis- Adadaletration tratlon
Assets
Cash 1/
Loftas rsoslvabls froa:
OoTsrnasnt oorporatloas and agaaolas...
Others, less rsssrres
Aooomts and notss rscelvable fron:
OoTemaeat oorporatloas and agenoles...
Others, less reserres
30«.l
2-2
10,721-3
1, 1107.7
IS.;
266.6
1|63.£
1.6
Aocmed asssts:
OoTornasnt oorporatloas and agsnoles...
Others less reserres
AdTaneee to ooatraotors and amenta
Coaaodltles, topplles, and aaterlals
,
laTsstaaats:
Foklie deht oMl«atloBs of Itelted States...
Other seoaritles, less reserres
Land, straotorss, and eqnlpment, less reserres.
Acquired seom*lt7 or collateral, lose reserreo.
Bef erred charges
Ohdl strlhut ed charges
Capital stock of Qoreraaent corporations
Other assets
25-5
U3.6
162.5
81.
117.0
162.9
12,921.5
18.1
116.
tlatllltles
Aaooants pajahle to:
Oeremaeat oorporatloas and a^noles
Othere
locroed lalbllltleel
Qoreraaent corporations and a^ienolee
Others
Trust and deposit llahllttlas toi
Ooremaent corporations and agencies
Others
Bonds, dehentnres, and notes psTablei
Oerernaeat oorporatloas aad aceaclesi
(hiaranteed seonrltlee - pnbllo Issues
lot guarantsed
Othere:
Ouaranteed eeourltles
Deferred credits
Undistributed credits
Other liabilities (laeludlnc liabilitr reserres)
178-5
27,302.8
Total assets.
177-1
178-5
130. U
202-1
135.8
l.ll
1.8
129.7
22.U
9-2
U68.7
3U.3
90.6
253-2
358-0
l.Sho.h
2-2
36,669-5
•10,907-2
698.0
-U98.1
25,762. 1»
199 -•
27,302.8
202.
15,0U1.3
199.8
Certaia other Ooremaent agenclee, exfilad'iag keasary laaas ta Oeramaent
corporations
QoTsmaent eoiporatloas and those Ooremaent egenoles not required to report....
173-5
-178-5
Book ralUA of Cblted Statee Intereet after exclusion of InteragCDcy Iteee
15,21"t-7
Total lUbllltiee.
Froprietary Intereet
Sxpended appropriations
Szcess of Inooae (or expense [-]
)
37/-
.
.
Total proprletarj Interest
Total llabllltlee and proprietary interest.
Analysis of inrestaent of Thited fltates
Book Talua of Dnlted States Interest, inoludlng
interagency Itoas
Interagenoy iteas (net), aaounts dua to (or
W
froaC-J):
Contingent liabilities
Ouaranteed loans . -
26-5
l».2
-
(Continued)
(Continued)
January 1947
71
Corporations and Certain Other Agencies of the United States Government - (Continued)
Footnotes to Section
r
*
1/
ZJ
"y
U/
2/
6/
2/
S/
^
10/
11/
ReTlted.
Lose than $3^ thousand.
Sbtoludea tin8:^anded balanoea of ^proprlated fundsIncludee notes for short-term borrovin^e.
Consists of Agricultiiral Marketing Act SarolTlng fund and fiaergency
Crop and Tbed Loans.
Pursuant to Public law 731, approved August lU, 19U6, ftaergency Crop
and Feed Loans, Farm Security Administration, and oertaia aotlrltlea
now reported by Federal Public Housing Authority, T^nn Seourlty Adalnlstratlon program, are to be transferred not later than October 31, 19*^, to the Farmers' Home Adalnlatratlon.
Consists of Indian Loans, Puerto Rlcan Hurricane Relief Loan Seotion
(In liquidation), and Puerto Rioo Reconetmctlon AdolnlBtratlon.
Consists of Bureau of Conuunlty Faollitles and Public Works Administration.
Consists of Federal Public Bousing Authority - Farm Security Adnlnlstration program. Homes conrerslon program, and Public var
housing program; Federal Seourlty Agency - loans to students; Havy
Department - guaranteed loans (iforld War II); Trearory Department
mlsoellaneoua loans; and War Department - guaranteed loans (World
War II).
Includes participation by other agencies of S7>0 llllon In loans
of Eq>ort-Iaiport Bank of Washington.
Loan cosnltments amoTint to $33^-^ million against vhioh advances of
$277*^ million have been made, leaving coaanltments to pnrohase
loans of $57*9 million.
I^ta included in this statement for certain supply operations are
as of July 31, 19U6.
Includes the Federal Land Banks of Springfield, Mass., Baltlnore,
Md., Columbia, S. C, Loulsrllle, ^., Sew Orleans, Ia., St. Louis,
Wichita^ Eans., Houston, Tex., Berkeley, Calif.,
No., Omaha, Vebr.
and Spokane^ Wash., i^ieb hare retired the aapital stock and paidin surplus previously held by the ?. S. Government.
Includes real estate sales contracts.
The reserve for losses on loans receivable Includes other loss reserves which cannot be distributed to the assets to which they
apply.
Represents excess of assets over liabilities transferred to B.F.C.
Het of reserves for losses as follows:
Commodity Credit Corporation, $53.2 million; R.F.C., $100.9 mlllloni and U. S. Commerolal
Company, $.<9 mill '.on.
Includes $323*^ million guaranteed obligations arising from drafts
and Invoices paid by commercial banksPublic Law 519, July 2U, 19U6, authorlxed the Secretary of the
Treasury to cancel notes in the amount of $9^-5 million, pursuant
Cancellation of this amount
to Act of March S, 193^, as amended.
was effected on July ?5, 19^63. owned), Treasury loans to OovConelsts of paid-in capital (U.
emment corporations, and earned surplus or deficit (U. 3. share).
Figures are as of August 3I, 19^, the latest available, and include
Warrior River Terminal Coi^any. Inc., a wholly ov^<*d subsidiary.
Figures are as of June 30, 19'4d, the latest available.
Consists of Institute of Inter-American Affairs, Institute of InterAaerican Transportation, Inter-Amerioan Educational Fbundatlen, Inc.,
Inter—Aaerloan navigation Corporation, and Prenoinradio, Inc.
Represents advances from R.P.C, for the payment of operating expenses.
Het of retxirn of excess funds pursuant to Poblic Law 3OI, approvsd
,
1 2/
l^y
1_U/
15/
16/
17/
18/
1^/
20/
21/
22/
23/
2U/
2g/
?6/
27/
28/
29/
30/
31/
32/
33/
3I*/
35/
^6/
37/
y/
3 9/
,
I
February 18, 19^, and Public Law 591, approved May 27, 19U6.
Includes deficit resulting from administrative and operating expenses in the amount of $Uo.6 million.
Consists of U. S. Comniercial Coiiq>any and War Damage Corporation.
By action of the Board of Directors of R.7.C., effective as of
July 1, 19^, all assets and liabilities of Rubber Development Corporation were transferred to R.F.G.
Het of $108.9 million reserve for losses against other assets of
U. 9. Commercial Coq^any.
The surplTis Is not available by law for dividend distribution and
Is considered by the corporation as a reserve for future deposit
insurance losses and related e:q)ensee with respect to insured banks.
Includes unreserved surplus of R.F.C, J52I.2 million, and deficit
of merged war affiliates, $5,^^8.2 million.
Pursuant to Public Law 370, approved J^rll 50, I9U6, War Ibmage Corporation was prohibited from paying compensation for war damages in
the Philippines, except to the extent provided in its policies of
insurance issued in consideration of premiums paid therefor. Het
earnings previously reported as deferred credits are now sliown as
earned surplusFigures represent activitiee under TT. 3. Bouslog Act, as amended.
War housing and other operations of the Authority are reflected in
the classification "Other" in Table 5.
The surplus Is considered by the corporation as available for future
insurance losses and related e]Q}eneeB with respect to Insured institutions
Pursuant to Public I«w U92, approved July 8, I9U6, transferred to
U. 3. Maritime Commission for purposes of liquidation by December 31, 19U6.
Figures are as of August 5I, 19**6, with exception of
those of lend-lease and UHTIRA activities.
Consists of Federal Public Housing Authority - Homes conversion
progran. Farm Seourlty Administration program. Public var housing
program, and Veterans' housing program; Federal Security Agency loans to students; Bavy Department - guaranteed loans (World Ifer II)
and sale of surplus supplies (World War I); Treasury Department miscellaneous loans and certain other assets; and War Department guarcutteed loans (World War II).
Represents obligations of Ooveniment corporations as follows:
Commodity Credit Corporation, $^00.0 million; Federal Public Housing
Authority, $3^0.0 million; Hoae Owners' loan Corporation, $675*0
mllllont B.F.C, $9,129.3 aillloD; and Tennessee Talley Authority,
$^.3 alllion.
Hixsludee the value of vessels and other sinenses transferred to
the War Shipping Administration for which no transfer of funds will
be required.
Includes the value of vessels and other expenses transferred from
the U. S. Karit)ine Commission.
RoprsBsnts excess of expenditures Inourred pursuant to legislation
for such activities as: oonstruotion and operation of merchant
marine fleet in interest of the war effort; relief to farmers: loans
and grants for rural rehabilitation and subslstenoe homesteads; relief and rehabilitation In Puerto Bloo; loans, grants, and relief in
construotion of housing, public works, and ooaaunlty faollitiesi
and others.
Includes $79-5 million representing equity of mortgagors in earnings
of grotq> accounts of the Mutual Mortgage Insurance Fund.
Consists of paid-in o^ital (U. S. owned), less Treasury loans to
Oovsmment oorporatlons, plus exxjess of Income (or expense).
!
Treasury Bulletin
72
INTERNAL
REVENUE
STATISTICS
January 1947
73
Summary of Internal Revenue Collections
^
(In thotieands of dollare)
Income and profits taxes
Total
reCfllptB
year
PI seal
or nonth
from Internal revenue
(Ibily
Treasury
Statement]
Adjustment
to Ebliy
Treasury
Statement
Total
Internal
revenue
collections
Total
Income
and
profits
taxes
IndlTldu&l
2/
1937
1938
1939
19W>
I*.597,lll0
-37.168
ll.63lt.3O8
•30,1*70
5,61*3,81*8
2,179.828
2.629.030
1.091.71*1
5.67U.318
5.161.231
5,162,361*
2,185,
UU
1.028,831*
5.303.13"*
-1.133
-19.637
5.322.771
2.129.609
982.017
19I4I
7.361.575
lO.lUl
7.351.531*
3.1*71.121*
1.1*17.655
191*2
12. 993. 118
22. 11*3. 969
-36.797
755
1.286.312
Corporation
Income and
excess
profite i/
1.056.909
1.299.932
1.122.541
1.120,582
2.016.297
13.029.915
8.006.881*
3. 262. 800
22,368.7211
1*0.119,510
1*3,800.338
110,671,919
16,298.888
33.027.802
35.061,526
31,258.138
18. 261. 065
19.03'*.313
18. 70'*, 536
2,839,127
2,030,951
1,388,792
2,70l*,058
3,292,161
1,856,0111
2,71*1,561
1,1*66,568
3,9l»8,lt37
-U9g,887
-320,902
+656,276
19I46- January..
3,1*51,381*
-li73,3'«
February.
March
3,683,858
-lll«,2lt8
3,189,1*93
3,206,27''
I*, 320, 110
836,516
363,553
559,269
3,92U,73i
U, 102, 106
5,023,673
2,31*6,821
2,839,01*9
5,582,91*3
2,036,735
2,27'
274,592
April
*»June
2,310,098
2,307,793
-105,735
-266,165
1,216,51*6
1, '•20, 591
1*81,232
080, 1*92
578,679
2,250,898
2,1*911,1*59
191*3
-221*.
lil.68U,987
1*3.902.002
"10.310.333
n. 565, 1*77
19ll5-Octolier..
HoTembftr
2, 31*0,21*0
.
2,383,156
December.
191*11
19'<5
191*
1*,
101.661*
-361.585
2,1*15,833
2,573,957
3,501,813
l'b62J967
2,836,577
-330,568
-21*1,1*31
6.629.93?
586,112
1,083,189
4.687,1*62
9. 581*. 715
lU, 629, 31*4
15.883.235
12,462.U37
636,181
383,325
2,142,631
239,044
1,737,770
Ebployment taxes
Miscellaneous
profite
taxes
^
Total
employment
taxes
31.178
265. 7U5
1*2,786
742,660
33. 7"*
740.1*29
27.010
37.172
833.521
925.856
56.621
1,185,362
81*. 21*1
1.1*98.705
137.1*52
l''3.978
91.165
1.738.372
1.779.177
1.700,828
5,978
102,270
Social Security
taxes
Old-a^
Insurance
He
tbemployment insurance 6/
U
road
retirement
V
207.339
502,918
529,836
605.350
687,328
58.119
90.267
101.167
106.123
100.658
895.336
1.131,546
1.290.025
1.307,931
1.237.825
119.617
156,008
183.337
186,489
178.7''5
170.409
211.151
265.011
284,758
284.258
287
11*9.476
109. '*27
122.0U8
137.871
6,1119
21*3, 5'»3
96,706
197,920
3,595
9,990
35,1*33
12,817
39 ,012
",'•55
818
33,739
6,156
3,672
8,783
92,71s
299,11*0
6l,8U9
183,229
7,012
28,172
98,737
7,920
2,698
17,175
3,268
10,530
1,213
64,565
5,295
3,332
15,618
98,277
269,869
5'',673
93,532
238,062
3,770
1,969
''9,633
l,'t77
21,277
49,690
July
...
August.
Saptenber
2,581,1*65
1,757,352
1, ''15,
371
31*6,082
'*,095
11,196
680,211*
2,907,267
1,227,325
1,669,891
10,052
115,696
280,853
57,335
109,960
239,705
5,523
3,269
8,475
1,624
32,67't
291 ,209
2,735,890
3,610,995
1,765,61*9
1*,
October.
2,230,1*73
-536,355
2,766,827
1,875,687
1,296,11*5
575, "me
U,136
128,531*
122, U33
2,961
3,1W)
.
.
riflcal
..
year
or month
1,232,1U3
521,114
2,467
50,188
"
Treasury Bulletin
7^
COLLECTIONS OF INTERNAL REVENUE
DOLLARS
DOLLARS
Biniona
BHIIoni
Total
50
50
V^^Fisca/ year
^^Comparison first 4 months
fiscal years 1946 and 1947
1932
DOLLARS
'33
'34
'35
36
'37
'38
39
-
'40
DOLLARS
Billions
Billions
Individual
Income Taxes
22
22
le
10
'38
Estate and Gift Taxes
40
'42
44
41
'42
43
44
45
46
47
75
January 1947
Detailed Analysis of Internal Revenue Collections!/
(Id thouBands of dollars)
fiscal years
Tlrst U nonthe
October
Type of tax
Wscal
I9U5
nacal
year
19»*6
year
I9U7
X9»*6
Income and profits taxes:
Individual:
Withheld by employers:
Current Tax Payment Act of 19U3 2/
Revenue Act of 19U2
Other:
Current ^/
Back
9,857,i»66
10,263,Ulg
803
8.567,1^7
123
V
«.'*30,377
ao2,9**7
Corporation:
Income taxes:
Current
Back
^
Ul6,57l
I9,03i*,3i3
18, 70"*, 536
l*,U21,6g2
Total Individual Income taxes
3,901,917
738,032
U58,03U
Ezcesfl profits taxes (Second Eeranoe Act of 19^0,
as amended)
n, 003, 520
7,822,l|«g
Total corporation taxes
15.883,235
12,l»62,U37
Miscellaneous profits taxes:
Declared value
Vinson Act
Unjust enrichment
Total miscellaneous profits taxes
Total income and profits taxes
Anplosment taxes:
Social Security taxes:
Old-a^e insurance
Unemployment Insurance §/
Total Social Security taxes
^
Railroad retirement j/
Total employment taxes
180
l^3,97«
35,061,526
1,307,931
T7*9V*20
28U,75«
i.n9,in
Nisoellaneous internal rerenae:
Capital stock tax
Xstate tax
371,999
596.137
U6,918
Olft tax
Alcoholic bevera^ taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestlo, exolse)
Distilled spirits rectification tax
Vines, oordlals, etc. (imported, excise)
Vines, cordials, eto. (domestic, excise)
Brandy used for fortifying sveet vines (repealed
as of July 1, 19»W)
Dealers in distilled spirits; rectifiers; maaufacturers of stills (special taxes)
Stamps for distilled spirits intended for export.
Case stamps for distilled spirits bottled in bond
ContEdner stamps
Tloor taxes
Fermented malt liquors
Brewers; dealers in malt liqaors (speotal taxes).
Total alcoholic beverage taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties eto
Cigarette and cigar floor taxes
,
Total tobacco tSLxes
Stamp taxes:
Bonds, iasues of capital stock, deeds of eonreyance, etc
Transfers of capital stock and similar interest
salee
Playing cards
Silver bullion salee or transfers
Total stamp taxes
iU3,798
199,691
.,284,613
32.5^*9
2,122
U5,269
51
8,308
6
886
11,213
83,31*3
638,682
3,130
2,309,86U
695
836, 0S8
'»9,57'»
1.390
1
s_
932, Its
33,157
*,852
^
65,5a
October
I9U6
.
Treasury Bulletin
76
Detailed Analysis of Internal Revenue Collections!/- (Continued)
(In thousands of dollars)
Fiscal years
n.rst U months
nscal
Type of tax
1916
year
19U7
191+6
Miscellaneous Internal re7enue (continued):
KanufacturerB* and retailers' excise taxes:
Lubricating oils
Oasollne
Tires and tubes
Floor taxes on tires and tubes
Autoooblle trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles
Slaetrlcal energy
Electric, gas. and oil appllaiiees
Electric light bulbs and tubes
Electric signs (repealed as of 11/1/U2)
Hadio sets. phono^aphs» coniponents, etc
Phonograph reoords
Musical instruments
Mechanical refrigerators, alr-conditlooars. etc.,
Hatches
Floor taxes on matches
Business and store machines
Furs - retailers' excise
Jewelry - retailers' excise
Luggage - retailers' excise (effectlre U/l/U^)...
Luggage - manofacturers' excise (suspended as of
U/l/Ult)
Optical equipment (repealed as of II/I/U2)
Photogreq>hlc apparatus
,
Miscellaneous taxesi
Bituminous Coal Act of 1937 (expired 8/23/U3)
Sugar Act of 1937
Telephone, telegraph, radio, and cable* leased
wires, etc
Local telephone serrlce
Transportation of oil by pipe line
Transportation of persons, seats* berths
Transportation of property (effectlre 12/1/U2)..,
Use of motor rehlcles (repealed as of 6/3O/46)...
Dse of boats (repealed as of 6/3O/U6)
Leases of eeTfr-deposit boxes
Admissions to theaters, concerts, etc
AdmlGBions to cabarets, roof gardens, etc
Club dues and Initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated butter.
mixed flour S/ and filled cheese
Oleomargarine, Including special taxes
Harcotlcs, Including marihuana and special taxes.
Coconut and other vegetable oils processed
National Firearms Act
All other. Including repealed taxes not listed
above
Total miscellaneous Internal revenue.
Total internal revenue collections
Adjustment to Dally Treasury Statenent
Total receipts from internal rereime (Ihily Treasuir
Statement)
Sonree:
•
1/
2/
19
37,1W
2.55a
25.893
68.871
57.00lt
59. U2
12, 060
11.035
55
25.1*92
5,21*2
18,1*39
6,285
17
1,358
6,U98
16, 821
1*39
i*,996
729
2,023
221
522
2,56i;
1.637
17.781
56
13.385
3.902
2,839
9.229
10,2lt7
10,671*
2,581*
157
2US
9.3'
i.Sil
3,51s
10,120
15.792
91.706
'•,322
17,981
59,569
23,811
7,688
22,093
71,300
27,839
15
7
6
18
2I.I8U
125
7.878
6
ll,6oU
95.571*
u
6,177
2U
2,011
27,676
3.132
'4
71*.
1105.563
1(05.695
75.257
118,072
"•.753
a. 015
927
79,1*18
18>t,220
73.^1
6
73
19.288
228
223.31(2
81,!(23
28,095
155,731
15,70U
51,010
28,520
20,535
8,031
37
3,517
5UU
6,198
7,116
1,61*6
5,21*6
3,395
(-91)
1,26U
57,1*27
•
^
13
5
7,001
6,01*0
1*3,813
39,237
15,593
733
1,205
8,091
16,361
6,801*
5,068
15,l*6U
5!uS
1
791
2,826
1,061
1,582
io,oui
19,097
7,280
2
(-1,293)
«
5,359
29,736
528
7.676
3,008
507
(-58U)
2.981
1
1,U1*5
7,651
1
,
Total manufacturers' and retailors' exolse taxes.
Total miscellaneous taxes
•
ao,«ii7
32,811
15U,369
28,6U6
37
15,771
2,707
23,155
19,673
86,615
<
Sporting goods
Toilet preparations - retailers' excise
Washing machines (repealed as of ll/l/U?)
Firearms, shells and cartridges
Pistols and reTolvers
Hepealed taxes not listed abore
602
October
I9U6
tl,2lt8
<
fiabber articles (repealed as of 11/1/42)
92.865
Oetoher
19U5
Hscal
year
191+6
5
1,398
71
35_
737
19
25
1
16
1,206,616
1,1HU.717
1*38,829
595,371
122,295
163,161
56.732
J5
20,560
3
73 294
21,292
2
U,087
5,006
208,018
133.569
15.286
23U,182
23lt.393
90,935
2l*,?h6
58,1*30
l6,75'»
1,1*15
288
96,31*1
76,1*35
llU.T?'*
2U,018
22,519
2,555
88,915
256
2
2,707
31*3.191
115,1*51
ll*2,86l
72,077
18,899
23,150
2U,082
5,1*01*
7,1*75
3,1*18
2a ,088
128,701
336
7.311
300,589
56,877
1U,160
U.160
19.100
1S5.S89
lu.saU
226,750
220,121
115.960
182
7.857
1(,011
17.092
58
76,51*6
1*8,235
5,213
81*,
171*
3,036
12,707
U,932
1,971
21*
1
671
71*8
35,696
6,69U
1,172
1*2,21*0
221
15,99"«
611*
2,285
388
57
585
6,357
1,676
190
915
(-3)
31*
5.503
756
6.208
16
26,777
17,507
1,566
27,882
25,732
69i(
21*9
291*
6,268
1,87'i
l»,?l6
6
3
1*
i
1,788
1
180
171
1.U30.U28
1.1*89.925
592,699
56l*,866
1110,039
158,803
6.959.63't
7.712.953
2,852,312
2,806,80l*
705,907
762,606
1(3,800.338
•10,671.919
13,133,585
U,695,177
2,839,127
2,766,827
+101. 66U
-361.585
-571,Ull
-1*28,139
-U98,8B7
-536,355
U3, 902.002
1*0.310.333
12,562.171*
11.267,038
2,3llO,2llO
2,230,1*73
IUI7
(1) Total receipts from Internal roveirae:
nente; (?) Detailed collections by type of tax:
lections Bade by collectors of Internal revenue.
Less than $500.
Excludes collections for credit to certain trust accounts for
territories and insular possessions, etc.
Collections under the Current Tax Fayment Act of 191*3 as shown
In this table consist of those for which returns have been filed
with the Collector of Internal EeTemiB; receipts under this act
as shown In Dally Treasury Stateaente consist of withholding
taxes deposited In Oovemment depositaries In addition to payments accompanying returns filed with the Collector of Internal
Revenue
Treasury StateReports of col-
2/
I
10
Current collections consist in general of teuces paid within twelve
months after the close of the taxable year for which the return
was filed.
Current individual Income tax collections for the fiscal year 19'*5
include payments on unforglven portion of 19^ tax. due March 15*
I9U5. of $'%S,60^ thousand for the period. January 1. 19^^ through
April 30. 19^5Represents collections under the Federal Insurance Contributions Act.
Represents collections under the Federal thiemploymeut Tax Act.
Represents collections under the Carriers' Taxing Act of 1937Tax Izposed upon the manufacture and sale of* and the occupational
tax oui ml336d flour repealed as of November 1, 19^-
January 1947
77
MONETARY
STATISTICS
s
U
.
.
.
.
Treasury Bulletin
78
Gold Assets and Liabilities of the Treasury
(In mllllona of dollars)
Liabllltloi
Ind of calandar
Gold aasets
7«ar or aocth
Gold reaorre
a^alBBt D. S.
notat, etc. 2/
Oold certlfleatot 1/
1936
1937
1938
1939
11,257.6
12.760.0
l>t.511.2
21.99U.5
19U1
19l«
19UU
22.736-1
22.726.3
21. 937.8
20,618.8
19't5
20,061t.9
19'»3
19U5-^OTeiDber.
20,2^.1
18,099.7
l«,l25-7
J^rll
20,250.9
lg,lU7.2
ia,llt2.5
la, 153.3
>tay
20,2'I1.9
Jtma
20,269.9
JoXy
tagatt
Saptantar..
20.266.7
20,280.0
Ootobar ....
SoTambar p.
20,1101.9
2o,>t7o.e
Sourca:
»,305.J
18,155.6
1«,1U7.'I
18,lltU.«
18, 278.1
18,359.1
Traasory Stataaaat and Olrcolatlon Stataae&t of Unltad Statas
Balljr
Hon^.
p
1/
Prallmlnaiy.
Conprlaas (l) gold cartifleataa halt by tha pnblle Bad Is Tadaral
Baaam Banks; and (2) gold oartificata oradlta In (a) the Oold Car-
2/
jj/
1,800.0
1,800.0
152.6
19U.8
1,800.0
1,800.0
1,800.0
165.9
176-5
1,800.0
1,800.0
1,800.0
1U7.7
1U3.3
1,800.0
1,800.0
1,800.0
155.1
176-5
20U.5
156.0
156.0
U,03U.O
17,91't.l
215.3
156.0
156.0
156.0
17,921.0
1,800.0
1.800.0
1,800.0
1,800.0
1,800.0
156.0
156.0
156.0
18, 1*97.
17.91't.l
1,800.0
1.800.0
1.800.0
800.0
800.0
156.0
156.0
156.0
20,56U.8
20,611.9
19,821.0
20,156.0
20,232.2
19U6-Jaimar7....
TobruaxT. ..
March
Sold In
0«naral Tund
156.0
156.0
9.a2.3
.7
•9
20,01
20.01
.
DeetDber..
y
156.0
156.0
156.0
156.0
196.0
11.872-8
15.278.6
19.825. 1»
17.6't3-'t
rvrnd
156.0
156-O
156.0
156.0
156.0
8.959-6
191*0
Izehanf^
StablliistioB
1,800.0
1,800.0
167.8
155.1
3'tl-9
,591-6
682 -U
U08-9
213-2
158.
1)
160.7
165 -"•
I9U.8
l7U.it
160.
tlfleata fund - Board of OoTaraora, federal Baaarre Syetam,
and (b) the BadaoptloB Timd - Tadaral Beaerre notasBaaarre against Onitad Statee aotea and Treaaioy aotaa of IS9OXiclodaa gold In aotlra portion of Izchanga Stabilisation Tund.
Monetary Stocks of Gold and Silver
(In ailllona of dollars)
Ratio of
allrer to gold
and allrer in
aonatary stocks
Sold
(»35 par
fine ounce)
Sll»ar
($1-29* per
fine ounce)
12.318.3
12,963.0
16,110.1
19.963-1
22,62U.2
2.51*2.1
3,066.1*
U.1I18.7
17-2
19.1
I8.3
16.5
15-5
22,736-7
22.387-5
21.173-1
20,213.0
20.269.9
't.306.3
1*,298.5
3.9'»7-9
15-9
16-1
15-7
3,685.8
3.508.*
15.it
,029-7
,06U.9
3,552-2
3,512.8
15.1
1U.9
,156.0
,232.2
,256.1
3,508.3
3,508-3
3,508-U
lU.g
lU.g
lU.g
April
Hay
Jnne
,250.9
,2W.9
3,508-5
3,508-7
,269.9
3,508.l|
lU.g
1U.8
1U.8
July
266.7
,280.0
305-3
3,508.7
3,508.7
3,508.7
I101-9
3,99't.'*
IS.O
U70.2
3,595'>
li*.9
Ind of f local
year or aonth
1937
1938
1939
I9UO
19111
191*2
191*3
191*1*
191*5
191*6
19U5-IIoTeinbarDecesiber.
19U6- January7obruary.
March
-
.
.
-
-
.
Au^XLBt
September
October.
Bovomber p.
.
Source:
p
.
Daily Treasury Statement and Circulation Stateoent of
Dnited States Honer.
Pralininary.
3.605.2
3.939-6
1U.8
IU.8
llt.7
llt.7
January 1947
79
Components of Silver Monetary Stock
(Xa illloiu of dollars)
SllT*r hold In Troaraxr
IllTar •atalda
SvcttriBf tllTor
oartlfloatas 1/
lad of oaloadAT
7«ar or aoath
UlTW
talUOB
1937
193»
1939
eaU
i.39«i
lolUaa
SallloB for
raealaac* 2/
Suktldlarr
UlTtr 4oUar>
93i.«
1.137.6
1,398.2
iglto
Vr«aMT7
la Oaaaral taai.
2/
tdt
Sllrar
dallari 1/
H2f.«
3.5
5-3
2.3
igUi
l.HTfi.l
\^t
i.jiSa
iioo.*
iji*
Eliio
657.*
tSll.l
kt.l
58.5
662.3
628.2
Saboldlair
sou ll
366.9
372.8
39H.1
2,806.5
3.3l>6.8
3.5
1*22.
3.790.2
a,o6o,o
78.
*93.5
9«7.3
'.317-6
96.8
kit.}
1,520.0
1,520.1
1,T03.9
19^
ooat
fotal allTer
at $1.29
par oanea
68l».T
'».2BT-3
*rf.7
3,870.6
3.512.8
<3.»
.1:1
12-5
10.2
19.1
.1
185-6
137.5
11.7
10.2
.2
212-9
i35.ll
.1
U5.6
137.9
8H6.7
138.2
138.7
139.H
8l>8.6
8I18.9
3,908.3
850.1
3,508.J
3,508.%
U7.5
19l4^l0TaBbar...
Oacombor.
1,671-6
1,703.9
19l)6-Jaimai7
1,771.7
1,818.5
1,850.8
395-3
355-5
I3.H
17.0
17.7
.1
.3
I39.'t
i^rll
Hay
June
1,909.0
1,909.0
1,909.1
353.S
352-1
350.9
17.0
15.2
13.3
.1
.6
.6
105.7
loU.)
102.3
lito.3
852.3
1U1.8
1H2.7
865.6
3,508.1>
J11I7
lk9.k
Sspte^ar..
1,909.1
1,909.1
1,909.1
%-\
ll.S
13.5
10.8
.6
.6
.7
101.1
99.1
97.9
llA.l
1H5.7
IU7.8
871-3
875.5
881.8
3,908.7
3.908.7
3,908.7
October
Horanbor p.
1,909.1
1,909.1
10.9
8-9
.2
96.7
IW.O
DM.
889-0
890.9
3,59'»->i
12:1
.
robruazj.
Harsh
..
iacuat
355»
Oally Traaaury Stataaaat and Clroalatlsa Stata
Stataa Monaj.
Prollalaary.
Leal than $5^ thonaand.
Talnad at $1.29 par aaaoa.
Soaree:
p
*
1/
at of
157-7
127-1
.1
aatad
g/
3/
3,552-2
3,512.8
81(0.
3,908.5
3,908-7
3.599.U
Talaad at $1.38 par enea.
b
Talaad at
38 par onnae or at 81 . 29 par annaa aaoerdla« to
vliathar tha bullloa la bald for raoolaa^ of anbaldljuy ailTar
.
oaiaa or for raoaLaj«a of atandard allvar dollara.
Silver Production In the United States and Sliver Acquisition by Mints and Assay Offlcesi/
(In
Calandar yaar
or Booth
UlloBS
of aaiaaa ar dollara)
SllTor
prodikotlon
In
Onltad
Stataa
SUrar aaqolrad \j aiata aad aaaay offlooa
Havljr
ainad doaaatio
allTor 2/
latlonalltad
•llrar i/
Tbralen ailrar U/
Ooncao
1936
1937
1938
1939
63.1.
n-3
19110
61.7
63-9
68.3
19111
71.1
191)2
U0.8
35-7
29-3
1913
191*
19't5
19U5-0otobar. .
BoTQobor
Doeanbar.
Dollara
61.1
70-6
61.6
60.7
68.3
70.5
U7.9
5-5
"7-3
-b
150.3
333- "1
108.
355-1*
156.9
120.5
50.9
312.2
S17.I
282-1
139-8
50.1
72-«.
311.0
lU-3
3-9
27.1
6.0
3'i3-3
197-8
163.3
199-1
160.6
208.0
99-'!
IU3.I
62.1
5-5
77-2
Uo.O
•
3-9
•
-9
•
2.2
1-5
Tebroary.
Harsh
Dollara
271-9
2U1.5
U8-5
><0.1
2.8
2-7
2.0
19>t6-Jaa<iai7...
total
•
9
.6
•3
• 3
.2
•9
Iprll
May
Jane
1.1
July
AagTut
Saptaabar.
2.6
3.9
Oetobar.
2.9
Soursal
*
1/
2/
.
1.1*
iannal fl^nraa soaa trvn the Baraaa of tha Mlntt monthly fl^area
on U. S. eilvar prodostlen coae froa releaaea of the inerlsaa
Boraan of Metal Statlatlea and will not agrae with tha annaal
flgurea.
Leas than 5^,000 enncea or $50 thouaand.
^r infonation on ailvar prodaation In other senatrlea fraa 1933
throngh I9I1O or I9UI, aea •Treaniy Bnlletln" fer iii«ri2at 19'»3,
page 7'*Inquired at 9t.&i Santa par fins aaaoa aatll iprll 9, 19351 at
y
71.11 oenti par fine evna« fr«B that data -ontil J^rll 23« 1939t at
77-57 canta par fina aaaea fraa ^rll 23, 1935 '• Daoeabar 31, 1937;
at 6U.6U eanta par flaa tmnoa from Daoom^ar 31. 1937 to Jul^ 1 1939t
at 71-11 CftBta par flaa oioaa fraa July 1, 1939 to Jtil/ 2, V^x and
at 90.5 eanta par flaa amioa ilDoa Joly 2 19^Ao^ulred at 5O-OI oeuts par flaa o-onca. feaentira Proolaaatioa of
Augnst 9, I93U, rapealad %rll 28, 193^Aequirad at Tarlona prloaa araraglae approxiaataly 5I eanta i>ar
so
Seigniorage on Silver
(OnitalatiTe
Ind of calendar
year or Konth
f»m
JaimaT7 1, 1935 - I» llllons of lollsrt)
Treasury Bulletin
January 1947
SI
Money In Circulation
(In Billlont of dollar*}
Tafr
Total
Isd of fliul
70«r or Booth
o&«7
in
clrculatiOQ
Total
p«per Bon*7
Soli
cortlfIcatea
SllTor
»rtlfIcatai
Trea«UT7
DOtOI
of 1«90
Bono/
Qui tad
StBtOI
notot
Talsral
Besarro
notes
2/
i/
6,Wt7
88
5.93''
6,1*88
78
1.078
1.230
l*.l69
Buk
^
BOtaa
72
1.1*51*
19I10
7.01*7
7,gl*«
281
262
266
7,21*8
67
1,582
21*8
5.16?
9,612
8.932
63
1.711*
300
6,68l*
20
19U2
12.3«3
11,600
I9lt3
I7,ll21
59
57
1,75'»
1.61*9
191A
22,301*
26,71*6
16.1*92
21,1*58
317
522
322
323
VatloBol
bask
notes 2/
22
191*1
1937
1938
1939
5.921*
6.1(61
Tedaral
Baaerra
269
38
U.ul*
lU
U.l*8l*
165
150
9.310
19
13.7'»7
581*
18.750
22,867
23.973
527
139
132
126
120
1*61*
111*
1*99
118
117
25.5*1
52
1.588
1.651
2g,2i|i;
26, JU;
50
2.025
19'i5-IoTaBber...
Deoeaber. .
28.211
28.515
26,91*8
27,2llO
51
51
1.827
1,872
316
316
2"*.
19'*6-Januar7.
27.917
51
51
51
1.827
U8l|
1.916
307
j07
306
23.867
23,868
27.879
26,657
26,691
26,609
25. 7*1
1*79
27.885
28.120
26,605
26,829
28.
26,9>i5
51
50
50
1.978
2,018
2.025
303
317
JIT
23,685
23,861
23.973
"73
2)*;
28,2Slt
28,
26,91*3
Au^at
Septeaber.
28,507
27,129
27,175
50
50
50
1.996
2,002
2,009
317
315
October....
November p.
28,600
28,855
27,255
27,502
50
1.987
2,005
19'»5
19W
. .
Tabruary.
March
.
iprll
Hay
June
July
27.95l»
W8
1.861*
1.9
21*,
136
388
597
I19I*
iv87
117
116
116
1*68
Ill*
h6h
111*
2l*,010
2l*,192
2l»,237
"58
113
113
112
31''
*,3'»7
1*1*1*
318
2'*.577
1*1*0
SI"*
it^h
"51
111
111
ftoaey in
Ind of flacal
year or aonth
Total ooin
Standard
allTar dollara
circulation
per ce^tta
(In dollars)
Subsidiary
silver
3U1
11*1*
$1*9.88
31*2
ll*6
155
169
U9.62
53-72
116
361
38U
53
''33
191*
72.16
66
gU
103
125
lUO
501*
788
213
236
263
292
91-88
127. 6U
162.96
191-57
8U3
317
200.3''
825
832
305
307
201.06
203.29
136
136
137
819
820
306
307
82l*
309
198.68
198.33
198.16
1.280
1.291
1.300
138
830
198.08
199-61
IMO
8*3
312
315
317
81*9
ll*U
853
862
320
323
325
200.23
September.
1.311
1.319
1.332
1U2
October. ...
HoTeBber p.
1.3"5
1,353
1*5
1U6
872
877
328
330
202.22
203.89
191*1
523
527
558
599
680
191*2
783
191*3
929
1.066
1.205
1.300
1937
1938
1939
191*0
191*1*
191*5
191*6
19lt5-HaTeaber.
.
December.
.
1.263
1.27»
.
1.261
.
1.261*
19l*6-Jannary.
.
Tebruary.
March
iprll
Hay
June
July
Aujpist
1.269
(1) Circulation Statement of United Statea Money: and (2) Annual
Report of the Secretary of the Treaenry for 19l*5, pa<ea 67^-677.
Preliminary.
Berlsed.
Xxcludea (1) Boney held by the Treaaury. (2) Boney held by or for
the account of the Tederal Beaerre Banka and their amenta, and
(3) coin eatlmatad to be held outalde the continental limlta of
38
21
610
700
136
2/
^
59-''7
200.31*
201.1*2
201.69
the United Statea.
Includea paper currency held outalde the
continental liatta of the United Statea.
Sold certificatea and Treaaury notea of 1890 in circulation are
bein^ oanceled and retired upon receipt by the Treasury,
Tederal Beaerre Bank notea and National bank notea are corered
by depoalts of lawful money and are In proceaa of retirement.
82
CAPITAL
AND
Treasury Bulletin
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN FOREIGN CURRENCIES
Januanf 1947
83
Capital Movements Between the United States and Foreign Countries
chapter
This
United
Foreign
Section
States
on
and
Ourrenoles
Capital
of Capital Movements,
I
kovements
between the
Foreign Countries and Position In
Is divided Into four main groups.
the Historical Summary,
contains data regarding capital movements, by the principal types of data and by years, starting with 1935.
Each type of
The last thirteen months are also shown.
data
Is
then broken down into
Its
chief components In
available.
The last group contains Information regarding the
position In foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
net
contracts and purchases and sales of foreign exchange,
both spot and forward.
This section covers a twelvemonth period.
the same chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
The
principal countries for the last thirteen months.
capital movements are given first and then the
total
principal categories are shown separately. In addition,
at this point, the total outstanding claims on and liabilities to foreign countries are each presented.
Details with respect to capital movements and
short-term claims and liabilities are presented In Section III as of the latest month for which the data are
for
previous periods may be obtained from
the following sources:
Supplement to the "Treasury Bulletin" on "Capital
Movements between the United States and Foreign
Countries,
January 1942 through April 1945",
for
details during that period.
"Treasury Bulletin",
November 19I4.5,
for capital
movements, and position In foreign currencies by
months, 1942-1945.
"Treasury Bulletins",
March 1942 and earlier, for
details covering years back to January 2, 1935.
Section I.- Historical Summary
Table 1.- Net Capital Movement
(In thousande of dollars; negative figures indicate a net outflow of capital froo the United Statee)
Analyeie of net capital movement
Calendar year
or month
Vet capital
movement
Short-t«rm
banking ftmda
1935
1936
1937
193«
1939
(Jan.
e, 1935-Jan.
(Jan.
2. 1936-Dec.
(Dec. 31. 1936-Dec.
(Doc. 30, 1937-Doc.
(Dec. 29, I93g-Jan.
1.
1936).
30. 1936).
29. 1937).
28. 1938).
3.
l9!io)
1940-Deo. 31, 1940).
1,440,686
1,226,722
833.715
U12.956
1.198.735
992.829
428.142
287.394
328.968
1.135.483
Brokerage
balances
Traneactlone
in domestic
securities
in:
Transactions
in foreign
securities
6.039
6,811
34.687
34
32.990
316,660
600.693
244,626
57.196
-85,427
125.158
191,076
267,008
26.758
115.689
841,628
-243,522
583,373
1,168,058
148,594
1,216,303
-322,591
3,513
13,372
8,529
17,794
2,703
-245,062
-261,955
46,599
27,767
210,735
-113,105
-306,569
78,156
51,703
-7,364
77,696
93,496
-46,617
149,912
I9U0 (Jan.
1941
1942
1943
1944
1945
1946 (Jan.
4,
1,
1946-Aue. 31, 1946).
695,080
-453,823
626,121
1,286,893
461,354
1,074,375
-476,5^5
Total(Jaa.
2,
1935-Aag. 31, 1946).
8,326,269
6,564,659
146,781
492,158
1,122,671
56,350
116,732
81,132
125,994
2,064
5,469
-11,570
-13,202
-15,276
-1.529
October
Hovember
December
71,193
-132,120
4,837
146,467
-157,226
-9,691
-227
4,636
5,075
-23,368
-15,985
19,659
-51.679
36,455
-10,206
1946- January
?ebruai7
March
20,049
-47,726
-44,334
76,683
-62,276
-28,782
-8,932
-i,ac
-172,787
46,447
-27,330
125,085
-30,687
5,822
April
May
June
-56,412
-268,552
-86,800
-47,033
-284,907
-62,939
1,793
-742
-14,326
-11,009
-4,719
28, 106
446
-19,588
July
August
157,952
-150,722
245,779
-159,116
-444
5,836
-108,858
-13,987
21,475
I6,5t5
1945-iugu8t
September
5,956
3,154
Treasury Bulletin
&h
Capital Movements Between the United States and Foreign Countries
Section
I
- Historical Sunnnary -
(Continued)
(Continued)
Table 2.- Short-Term Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers in the United States
(Position at end of period in thousands of dollarB)
Short-tens liabilities
Short-term claims
Payable
Xnd of calendar
in
year or month
f04eign
currencies
1935
1936
1937
1938
1939
(Dec. 31.
(Dec. 30.
(Bee. 29,
(Bee. 28.
(Jan.
3.
1935)193b)1937).
1938).
19'»0
(Dec. 31.
Deposits
of
foreigners
Loans to
foreign
banks
161,263
96,726
116.917
165.521
173.238
1*88.365
I.3OI.II42
977
385.636
268, 719
1.623.317
1,893.087
2,203.185
3.221.328
115,118
118.633
221.383
202.085
3.938.232
3,678.518
11*3.
U.
Wdll
128.951
IUO.911
6511.990
b2b,0ll2
152.'t37
ISO.OUlj
19lio).
508,702
66.715
I9U0).
383.978
't7.'»77
367. 786
21*6,673
147,068
30.916
72.0148
257.92?
329,694
3't.387
392. 766
I»7,it89
66.378
105,521
100.267
169,670
2U5.010
306,1160
50,727
39,772
93,815
'*3,596
19»tl
19U2
I9it3
191A
19U5-.19l»5-Auguat
5U.603
Payable in dollars
Payable In dollars
US'*.
310.1*77
1.156.1496
1,1456.885
1.600.507
1,985,025
3,025.189
3,786.182
3.352.223
3.523.328
205. 389
5.3714,903
5, 596. 775
14,1314.1412
6,883,068
u, 9146,6214
135,515
136,639
6,660,933
6,780,693
It,
121,601*
70?
137.161*
u,
356,501
U, 863, 683
Pliable
in
Other
16,795
66.178
209,597
foreign
currencies
135.311
97.851
99.951
82,983
103.369
60.828
121,001
306. 6I8
668.168
.222.580
.218,633
,910.898
31,019
19.677
13.893
17.911
21,611
25.516
1,777,061
1,861,811
20,186
21,777
111. 791
September
270,226
October
HoTember
December
259,952
331,320
392,766
142,
95,71*2
90,1*37
'•,997,303
197,287
6,952,1*86
6,861,1*28
wg
100,267
21*5,010
6,883,068
1,91*6,621*
1,930,561
1,895,283
1,910,898
21,619
27,890
25,516
19U6-Jazmary
Februaiy
March
Uo6,286
Uo6,801
U3i,930
50,1214
149,218
108,396
102,268
112,076
21*7,766
6,993,209
255,315
266,521
6,93l,i4i4S
I,
6,927,795
"t,
5,027,036
961,752
959, 697
1,911,572
1,913,271
1,913,576
21,301
23,122
21,522
April
May
U3U,270
62,072
270,667
215,3^3
Jujle
511,024
6,883,102
6,655,628
6,612,010
I*,
1(90,703
1,762,835
1,926,596
1,863,228
1,820,061
28,521
30,912
29,111
July
August
561,1116
6,908,181
6,767,799
S,0l0,2l9
1,919,715
1,812,517
1,790,877
25,115
27,177
580,150
1*7,
606
53,333
57,9614
58,1460
101,531
217,396
228,236
2214,328
108,706
108,093
236,539
231,855
21*0,202
216,171
8914,
102
',938,255
927, 985
1,760,1488
Table 3.- Net Movement of Short-Term Banking Funds
(In thoueandi of dollars; nagatlT* figures indicate a net outflow of capital from the United States)
Short-tera claims
Calendar year
or month
Payable
Total
in
foreign
currencies
1935
1936
193>
1938
1939
I9I0
19II
I9I2
I9I3
I9UI
I9I5
19U6
(Jan.
2. 1935-Jan.
1. 1936)
(Jan.
2. 1936-Dec. 30. 1936),
(Dec. 31. 1936-Dec. 29. 1937)
(Dec. 30. 1937-Dec. 28, 1938)
(Dec. 29. 1938-Jan
3, 19I4O),
U7.3IO
1910-Dec. 31, 19IO).
121, 72I
(Jan.
1,
361,360
70,119
17.621
28,918
Short-term liabilities
Payable In dollars
Loans to
foreign
banks
Payable In dollars
Total
228.132
-11.788
-11.526
2.393
83.299
-3.552
31.868
-20.191
-1«,6o1
-7.717
136. 780
53.039
19,311
75.159
19,268
109
15,933
-3,171
-20,216
7,111
-60,601
58.120
-3,515
20,671
-11,330
Deposits
of
foreigners
11.758
631.169
358,023
269.770
300.020
1,018,113
37«.1l0
1,010, iGl
5,151
-131,588
17,336
19,298
60,899
6,515
-32,506
-75,310
It, 808
716,901
-259,711
185,870
1,179,311
220,359
1,279,375
-135,207
760.993
-133,959
105,607
620,881
220,576
583,205
-16,817
587.331
333.107
113, 6S2
(Jan.
1,
19l6-Aug. 31, 19I6).
16,192
97,503
-11,256
-71,765
-63,072
-187.381
Total (Jan.
2,
1935-lug. 31, I9I6).
500,333
215,913
-132,727
387,117
6,061,326
1,319,156
18,
.783
-868
10,955
-21,198
26,103
I3,8l9
36,23'*
.231
-1,121*
76,119
119,760
58,912
30,119
October
November
December
10,271
-71,368
-6i,U1G
-2,831
-990
-3,893
-1,927
5,305
-9,830
15,035
-75,683
-17,723
171,793
-91,058
21,610
1916-January
Tebruary
March
-13,520
-515
-25,129
-2,635
906
-1,115
-8,129
6,128
-9,808
-2,756
-7.5I9
-11,206
April
May
June
-2,310
-56,133
-20,321
-8,739
1,108
-196
10,515
-115,865
-10,810
-1,116
55,321
-8,985
July
-50,392
-18,731
-50,216
613
-8,303
1.681
8,157
-21,031
1915-AiigUEt
September
An^st
-19,0143
Payable
in
foreign
currencies
January 1947
85
Capital Movements Between the United States and Foreign Countries
Section
-
I
-
(Continued)
HlBtorleal Suagiary - (Continued)
Table 4.- Purchaaes and Sales of Lcng-Tera Domeatlc Securities by Poreignera, as Reported
by Banks, Brokers, and Dealers in the United States
(Xa thanMn ii of doll«rt)
i
IbB««tle atoekt
1935
1936
(J"(Jon.
(Doc.
1937
1938
1939
Oe.
19I1O
1935-Jm-
1. 193S)193b-D«!. 30, 1936).
31. 1936-u«>- 29. 1937)30, 1937- Doe. 28. 1938).
2.
2.
(Jaa.
(Doo. 29, 1938-Jaii.
k, 19liO-Doe.
ht
PnrchAoot
3,
B.a.
a.a.
D.a.
B.a.
n.a.
a.a.
19I10).
31, I9I1O).
a|lt,20«
•73,052
368,558
19UI
lW,059
19112
9«,383
19"*?
1^,639
mi 616
19U<
igi^
136.853
260,223
292,519
171, H32
19I16
(Jan.
1,
Total (Jan.
19>i^iac- Jl, 19'l£).
2, 1935-iac-
75,
W8
B.a.
B.a.
n.a.
a.a.
B.a.
-188,81)6
-222,519
20.895
->«,977
-3H,579
-97,*32
-59,576
pvrehftioi
PoTCtaaoOi
a.a.
a.a.
a.a.
a.a.
a.a.
B.a.
n.a.
221.816
278,032
m,952
211..38B
138,9111
lbl»,218
2111,299
a.a.
a.a.
a.a.
a.a.
B.a.
-56.216
-39.'0«
25,70b
70,71*
357,655
312,095
19,697
29.529
-6,782
-9,125
-«.k27
506,022
751.08k
3»,991
582,9ll<
21ll,002
-2k5,o62
-261,955
260,601
392.938
"•6,599
27,767
210,735
11,325,638
''92,158
788
2.539
I3,855
kk,ie9
57,057
-11.570
-13.202
80.711
-'•,077
37,687
30.765
-6,668
-1.1*7
3l,*i«
92,M5
]V^
-23.368
-15,985
19.659
-165,563
50,385
-12.237
96,878
IOC, 619
65.930
62,172
93,260
-172.787
k6,kk7
-27.330
-3.755
-3,133
73.899
67,350
65,782
88,225
78,399
70,901
-lk,326
-11,009
-^.719
39,971
1118.829
''9.398
-108,858
-13.987
-16.700
»7,62a
-l'».538
">l.5«9
-11.389
31,019
29,318
61,925
''7.558
5't,78«
-7,2*
1*9,320
2111,883
MartJh
3«.8h2
23.98U
te.7»
39.on
-3,938
-15,»93
l»l.'9l*
19.392
5U.18J
April
Nay
Juno
33,553
31.78*
27,39*
UM.lH
-10,571
-7,876
-7.15*
40,3116
U.lOl
35,966
38.390
38.699
35,959
-8,lKl|
l6,>t36
70U
9,5»»
2l»,231
-It,
116.870
23,535
25,871
JU.5W
31,959
29,167
-306,569
27.528
l»3,02l»
39.660
-m.105
23,'*51
26,32*
33,M>t
JO, 180
July
Aacnot
1.119.905
2k.ku
SO.IlOh
7obraaT7
1.1112,923
19.6211
Saptoaber
Decoabor
1.200.119
I.O3H.U78
316.660
600,693
2kk.626
57.196
637,9'W
553,8'*
-15,673
-2>i<,993
Ootobar
19ll6-Jaaiiar7
986.02k
2.083.698
2.028.755
11,817,796
12,915
oToabor
•toeki
sad
bOBdo
539:676
75l,ok5
8b0,'«9
31, 19''*)
19lt5-iiignot
Total
•alto
1.302,68>l
2, 68k, 391
2. 273. 381
SjB.ljll
513,558
377,717
301.321
dSMOtlc
lot
ODMoatlo bo ado
Total
or aoDth
30,8n
2,''35
-ll>;69l
35,
Wl
lot avallablo.
a. a.
Table 5.- Purchases and Sales of Long-Tera Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(la tboaaanda of dollaro)
Calondar yoar
or Booth
Porctaasos
1935
1936
1937
1938
1939
(Jan.
2. 1935-JaB.
1. 1936),
(Jan.
2. 1936-Bao. 30. I936).
(Doc. 31. 1936-l)»c. 29. 1937)
(Doc. 30. 1937-Dec. 28. 1938).
(Doc. 29, 193g-Jaa.
3. 19llO).
I9I1O
(Jan.
ll,
19110-SiO. 51. 19l«)
19111
19'12
B.a.
B.a.
B.a.
n.a.
n.a.
n.a.
n.a.
Salo*
B.a.
B.a.
a.a.
a.a.
23,278
26,601
191*3
19'*
19115
(Ja>.
1,
19k6^*«.
31,
Total (Jan.
2,
1935-Jbic.
31, 191>6)
19k6
19>i6)
2,605
2,k21
2,182
2,09U
3.533
'»,333
'',397
5,35k
8,216
11,150
March
6,788
5,625
3,928
9,781
7,881
5,919
Iprtl
Nay
Jnne
'',527
7,765
5,221
k,65k
9,252
6,232
Jnly
An^uot
k,8U5
",732
k,ll6
5,056
19li5-Auguot
SoptoB^er
October
BoTaabar
Docaabar
igllS-Janoary
robnuu7
n.a.
lot BTallabla.
et
Ibrolgn bond*
Ibrolgn atoolca
at
B.a.
n.a.
B.a.
B.a.
B.a.
Porchaaoo
Salai
Total
parehaiea
Total
lales
foreign
otooko
and
bonds
Treasury Bulletin
86
Capital Movements Between the United States and Foreign Countries
Section II
-
(Continued)
-
Sunmary by Countries
Table 1.- Net Capital Movement
(In thouaandfl of dollari: aogatlTs figures Indlcat* a n*t outflow of capital froa the Unitad Btataa)
W"^
19U6
August
Soptaabar
J6,l«>t
-72.093
-35.906
69.123
-8,936
-'6,063
3.809
-3U,226
•53.553
•85,679
-9.572
><6.93U
-22, 522
->tl,088
-5. 580
89. 39'*
.21,9112
16,533
61.838
-12.135
2.672
-1,616
18,227
-2.U95
8.6"3
521
Vk
116
2.33"*
1.785
'1,227
-1*37
-'166
3.361
-560
163
-86
289
13,082
-189
-93
1.369
1,168
173
2,55"
69"
-171
2.807
U.3gl
2.930
2,505
-23't
-8't5
5,672
llU
772
-22
-210
26.283
I9U
5,205
2.705
72
3. "56
2,812
186
1"3
22.797
-350
2,00}
-7.022
-7.371
31
5.75'»
2.1*3'*
-1,3'40
.12.628
-2.786
6.U39
-1.786
-319
299
13,'*72
1.71'*
3,2140
-687
-8,677
-328
-U.930
-2.292
10,765
-2,715
131
-8,371
-8,526
U.199
"17
3,008
9.666
luropa
Unltod KiQ^doB
Trance
Balglua
-"55
-7.280
15
20
36
-1
-78
6
-8,251
6,91't
781
-2, 129
llt.lb?
2.925
1.886
-7.2t6
5.095
5,881
't98
1,1161
-7,615
692
990
-6,388
5.665
3.396
-56
2.77!
6,809
-965
lU
U,6ll
12,512
3.230
350
-625
6,269
1.737
2,52't
-2.262
-3,5"3
217
-979
•<
Ceofflark
rizaanl
Oe nBaiijr
Qree ce
Italy
Luxembourg
Hetherlanda
Vorway
Portugal
Ruaania
Spain
Sweden
Swl t sarland
n.
8.
B.
R
jBDuaX7
>t.600
37'*
'tOl
367
Latin America
Argentina
BollTla
Braill
Cuba
rrencb West Indlee and
Qui ana
Mexico
Hetherlands Vest Indies
and Surinam
Panama
Peru
270, 616
-31.605
-".023
-13.090
-7.36"
3.1"7
-578
20
2,21*14
1,265
-3,126
9"
1.8"3
861
322
526
-619
6,683
-8.038
26,510
67
-2,786
",758
276
-101,8311
-lll,lllllt
835
-310
1,101
-833
-22. 537
-12,1190
19'!
-135
896
-1.273
-3,9112
-6. 723
-6. 57"
3.988
-9.317
1.923
11,558
2,101
170
2.815
I125
-123
-'1,80"
1.555
19.965
-",975
-1|28
801
852
12 It
551
-1.187
7.56"
71,622
-77.001
-99,922
-32.113
900
-1"3.9"6
235.972
l'»,396
13. "7"
-22,78lt
-11,500
-12,205
-3". ""9
251
-7,130
165
5,081
-1.991
-1,00"
11.176
2,268
-1,020
-5.016
16.389
118
15. 75"
27.111
-2.312
l.iA't
-,68
"73
12,886
-681
-2,108
-332
-1.820
-".896
687
-3.551
-".785
-271
-2,831
2,961
-1.039
1,060
2.952
-".875
-163
3.661
10,905
-580
-6,1109
I"?
16, 126
27,101
6.099
3.610
I.8UI
-5"
5,229
-576
16,898
3"
-16,156
1128
-1,188
11
11.652
663
-5.3"1
-2,338
3,233
-3.296
1.133
5.132
-1.590
-2.55"
-2.976
-2.1tU6
588
-".009
637
-2,113
-1,893
-1.185
8,9614
-2.835
1.720
1.750
10,661i
-350
"08
30,608
Up, 119
114,501
-"1.137
".53«
2,227
-51.993
3,502
-",713
-70.635
7.997
15.177
1.7t7
-95
21.356
809
-628
2,Ull
8,38>t
-It, 61*8
11*.
-1.988
2,262
-1,296
7.098
-l,ll01
-l*.867
-2.623
l.'*13
-U.076
-1.993
-305
578
2,089
7.062
-958
Chile
Colombia
Costa Rica
100,1467
-53.1''2
38,1*5
28,036
866
1.573
-123,667
10, 872
1,350
3'*,'*38
-25. '•39
!2i
July
-38.599
80.370
-3.7117
Total Europe
Canada
-2l40
-156
ixa»
«i«7
1.53'*
1.691*
199
14.030
i^>rll
-1,271
195
1.509
106
-2.219
80.399
TugDBlaTla
Other lurope
Tabruar/
3.'<6o
-7.1"9
-1.159
1*71
8.685
-3.629
720
-517
-6.205
-8, 28U
-19.077
-12,850
-1.275
36"
5.223
-308
-5.253
-690
-5U,3ll
1|28
1*7
-17.'»3g
3.02't
11*. 561*
1.073
-1.003
3.959
-2,021*
-7.285
623
-1,878
1,958
-3,685
5.505
-I102
-1.56"
10,098
"0.733
•57
12.5140
.200,
-3. 7119
81*5
2.533
!8
1.20I4
7t5
2.723
918
812
3.129
-3.669
1.065
-2.123
Venezuela
Other Latin America
-7.0'tl
2,600
-8,52'*
ll,'tlt6
-158
1.500
-It, 858
79U
-922
9,821
-13.320
9.993
Total Latin America
-19.529
21,6Wt
-9.095
-68,206
1,922
6,697
5,6Ul
76. 809
9.619
-9.970
725
5.221
-9,85"
Uio
-20,916
•20,767
-22, 721
1U9
6.793
-77
-1U3
-10,935
-220
-2U6
6,336
1.616
220
1,512
1,02U
-1,601
631
2
-391
5.232
l,b26
-1.667
173
-'•.1*77
10.53J
261
It 142
8,5"7
-197
8.589
189
3,587
-359
73
-11*7
-llll
8
-1140
no
-9.329
-9,357
2, 88 It
17.768
-3. "17
-7", 535
828
1,5"8
-37.8"2
5.033
5.755
-1172
2,112
6.5"3
-"5. 568
-117,198
-66,212
501
2,752
3.3"0
-1.616
Asia
China and Manchuria
Trench Indo-Cblna
Bon« Kong
India,
British
Burma, and Ce/lon-
Malv>
Jsftan
Netherlands Cast Indies..
Philippine Islands
Turkey
Other Asia
-2.
53
-221
1|2U
67
-53
-150
1*5
9.975
-1.175
Other eountrlee
Australia
New Zealand
Xg/pt and Anglo-lsrptlan
Sudan
-3. 759
-lit.360
-9,621
3.92't
-1.836
5*, 137
2,2U3
lti»3
U,o6o
-928
13.315
658
1.299
18,'»19
-3.28't
63,226
Total Asia
2.7't7
77.528
1,126
1,177
-It,
1,91*8
9.
-1, 31a
't,3llt
8,128
5.752
-2,707
5.011
2.572
12,56't
-3,596
-15,653
1.158
6U5
1.053
-2,011|
398
"•67
12
205
-190
-3,083
-221
-1.532
-160
2,275
190
-3.005
-l.lt}2
'•.925
1.U7
lt,809
2.985
-It,
9'12
-11,098
-i*,iioit
-2,770
-1.015
5,638
12. 21111
-2'l.g63
-'1,720
2,685
89
3.971
2,263
-806
591
159
-579
-1,021
-1,198
88U
97
Trench Moro ceo
Union of South Africa....
All other
75^
1.22U
6.35^
966
3,116
10,327
1.903
-1.586
1.1*7'*
-28lt
"37
-312
2.lt66
23.0"»3
-17.565
-622
.059
7,858
175
-153
-2,836
711
727
3"1
-1.1*71
-l."53
920
1,178
1.187
-5.000
-1,267
79"
-3,122
273
-2,351
559
Total other countries....
13.320
1U,22U
28,37'*
-11.581
-U,56o
-I.OI19
International
Unidentified
Orand to tal
7,616
-5,085
1,622
-5,896
5"2
302
16,208
.
5".3"6
.22.076
-3.06't
l"5.1l09
9,166
-696
739
l<6l
553
-928
-lt83
1,067
1129
2.988
-2.232
"79
672
56.350
116,732
71.193
-132.120
l».837
20,0149
-"7. 726
•"".33"
.56,1412
-268, 552
-86,800
157.952
January 1947
87
Capital Movements Between the United States and Foreign Countries
Section II
-
-
(Continued)
Sunnary by Countries - (Continued)
Table 2.- Net Movement of Short-Term Banking Funds
(Xa thousaada of doXlari; nasatlT* flciuva ladleat* a n«t outflow of capital froa tbt Uoltod Statos)
19lt6
19»»5
Aucuat
luropa
Unitad XlQ«doa
Traneo
-5*^.769
-Uz.zsk
-579
Bolgin
Sooaark
riiQand
Oormaa/
%
Soptoabor
Octobar
-71,o6lt
-113,280
68, 88lt
-2.565
-1*5.051
1*7.152
-33. IW
-23,011
-12.678
2.I405
1.731
't.299
><82
-1*73
-W3
loToabor Doeaabar Januarj
8.5*5
-17.196
2.003
-3.387
U9.99*
58.602
-2.264
9.170
13.857
983
3.111
-556
21
3.090
.662
80
13.154
-191
-57
1,466
4,005
-13«
2,666
679
-158
-346
26,299
35
5.238
99
13
191
Z.b(M
2.926
2.58lt
-857
\^
3.721*
2.304
3.160
-246
u.iioi
5.021
-1*3
170
-745
742
30
-9.H6
2.U66
-2,758
-7.3*5
6,1*50
2.030
Buaanla
Spain
Swodoo
7.1*29
5.731*
-1.700
-25*
253
3.157
12.085
1.629
-693
Ik
6.913
3.251
36
-234
-6.955
12.981
3.230
21.872
Uoi
-1.55
2.927
9.796
-7.292
5.891
-8,216
lit, 203
Switiarland
S. S. B
Tu«o*larla
Otbor luropa
6.931
3.3««
-57
3.153
6.1*26
1.75"*
-2,17'*
-361
6.937
399
218
-66
Total luropa
-7«.933
-30.075
1*5,662
-54.817
103. 786
i*U,i55
67,lli2
-11.925
-U,3i8
»75
1.165
1.163
-72
21.155
1,118
-637
1,202
1.91*5
-2,U18
U.
Canada
Latin Aaarlca
Argentina
BollTia
Braill
Chilo
Colombia
Got ta Rl ca.
-37't
103
-It.
564
-1.691
2.595
295
-432
Jul/
iii7
-16,262
Italy
LuzambouTf
Vorway
Portugal
April
79.000
ftroaco
lo tharlanda
March
-29,060 -49,021
88,551 -17,529
-1.314 -18,119
-167
«5
Vabniar/
2.206
417
-125
-97.186
-33.759
-4.793
1.136
-3.136
-150
-2.842
5.061
562
22.TW
-636
6.587
2.99J
-301
18
12.949 -12.092
-8,086 -5,628
-343 -2,228
13.101
-2.979
-7.643
-8.693
4.324
-101.671
102
1.374
-333
-13.153
30*
-875
17
-78
5,177
3.596
70*
4
-2.144
-7.694
692
913
-6, 312
194
-1.388
-4.573
-135
-3.963
-6.851
4.295
214
2,836
2.336
20.056
914
2.220
-2.647
12.540
-4i6
3.800
10.785
2.077
173
-82,258
18, 620
-169.813
-141,730
18,423
17.35''
-81. 312
12,040
1,610
-2. 797
-2
-1.074
10.700
-1.838
-1,011
-5.701
14.835
104
16.163
23.970
-2.294
-663
7.951
1.736
614
2,651
-1,046
2,034
-1.271
196
1.673
97,260 -70,882
-38.891 -192, 445
-5.404
-1.240
6.913
14.236
-1.234
-5.035
-4,541
2,033
1.502
-3.6it3
5.011
7.097
3."* 76
1,027
-7,675
-1.093
Ugit
7.472
-3.776
680
-2. 743
-999
-244
-138
2.579
-1.081
-3'*7
-1,612
-5,108
652
-3.525
-6,969
-230
-4.720
-4,107
1,013
2.662
-5.198
-453
-1,121
-6.272
-7,792
-19.166
-14.237
-6.621
-805
14.797
27,439
6,283
4.229
-1.229
-16.949
361.
-690
-53.424
52
4.154
9.970
-65
-932
-524
12.073
38
S.HIZ
-3O8
-796
18,271
420
-1.969
15. 793
Panaaa
Peru
160
-1.563
2. 809
221
335
656
630
330
8O3
-2.581
115
2.941
-2.867
-2,108
-2.241
-7.214
-137
-1.881
1.898
-2,821
1,413
-2.321
3.619
-3.443
1,124
884
-1.938
-2.535
-1,422
341
-2.415
-2.465
623
VoDOtuala
Other Latin Aaariea
-6.9>«6
-I.02U
286
016
679
883
-10,516
-1.655
11.371
354
-14.257
9.446
6.133
-751
-I.9O8
10,158
8,480
-4.396
535
13.506
-4.469
7.194
-20.098
19.217
-5.820
-84,262
-12,389
-1.315
-3.912
33.212
-3.916
38.447
36.505
77.528
9.78U
iWt
167.271 20.339
160
6.336
2.824
1.682
-18.983
3,221
-2lU
1.616
725
5,218
-18.623
1.024
-1.471
-39.672
'»7
6l»l
10.581
k
265
5.278
67
-10,831
-212
396
1,422
46
-81
17.823
t3
3.562
-359
-2.236
443
-3.871
-lu.isu
-9.1*91*
5.155
5U.120
-935
-1. 761
*.053
13.21*9
6>t.olt9
825
1.179
-1.1*36
Cuba
Trench Wait Indlae and
Oulana
Mexico
Hatberlands Veet Indloa
and Surlnaa
Total Latin Aaerlca.-
Asia
China and Manchiu'la
Trench Indo-Chlna
Hong long
India. Bunta, and Ca/lonBritish Malagra
Japan
Betherlands laat Indies..
Philippine Islands
Turkey
Other Asia
Total Asia
Other countries
Australia
Hew Zealand
Xgypt and Aa^o-lfirp^i*'
Sudan
Trench Morocco
Union of South Africa
All other
Total other oountrles.
2
-391
.
.
13.02lt
-1.9
-1.619
-4.462
442
Grand total
8.344
-197
-130
10.931
8.563
-75
-48
191
-1.717
8
-l4l
3.920
7.452
5.090
5.744
-3.414
-74.654
-2.803
-444
-14, 578
-46.004
10,153
-40,894
•116.073
245
-197
-3.216
-150
-1.285
-162
2,183
165
-3.149
94e
-1,1*82
-647
4.958
4,300
9.010
5.787
-2.662
77.765
10,757
4.304
24,762
174, 728
1.176
512
399
980
466
-1.985
12
33.159
-37.414
3.859
2.270
-631
582
173
-621
-\.033
-1.125
1.651
10.276
1.910
-1.581
22.969
-17.194
587
-1.436
-464
-286
-279
-1.119
442
2.446
6.089
202
-139
-2.923
924
-1.362
930
1.148
1.206
-5.067
llt.190
26.068
-11,079
-4.117
-1.054
-6.039
3.111*
746
7.784
-4,926
1.607
16.206
-696
7I12
'*5«
553
-928
61. 132
125.991*
lU6.it67
-157,226
-9.691
2.310
1.5'»5
-9.270
-8.725
4,814
2,907
1.028
''.538
-l4l
70
-3. 712
659
-9
3.076
16. 475
1,068
-5,004
63
9.975
54,346
-22,076
1.071
427
2.973
76.683 -62.276
-28,782
-47.033
International
Onldentiflad.
2,316
220
1.528
-680
18,883
-3.328
-1.311
2.693
765
1,226
6.336
'•III
-151
,120
.405
-491
Aocuit
Treasury Bulletin
8S
Capital Movements Between the United States and Foreign Countries
Section
II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 3.- Net Movement In Brokerage Balar.ces
(Ib thontMidi of dollar*: BOcatiTO fl^uroa ladleato a aat outflow of capital froa tho Ualtod Statoi)
89
January /947
Capital Movements Between the United States and Foreign Countries
Section II.- Sunmary by Countries
-
(Continued)
(Continued)
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign)
as Reported by Banks, Brokers, and Dealers In the United States
(I»
ttmnMd,
of d»ll«r»; »,g»tlT» tlgyrtt lii<lle»t» ««t lal,, ty for«lg»«rt)
l?"*
SaptMksr
At«iut
Ooltad Klocda
frano*
Bel«lBB
I9U6
Ootob«r
lorntar Dceaakar
fahramrj
Un
.6.650
62
-393
-3.9*5
-It. 890
I16
llM)
78
12
«9
191
-hit
6>>
-21
-115
kl
-2
-90
lou
-63
l.l>>9
-3119
-21
607
3
18
138
6
8
-711
-298
-6I1
-60
1.071*
3
iWl
71
82
-2.127
-51
-50
-2.233
-«5
102
-517
.>i.Uh2
-522
-li70
631.
7
-201
-kl
12
-2.306
251
-21
-2h8
209
-51
15
6
2.085
-3«3
.2
.116
-3.175
2.6*3
52
16
91
-62
121
-175
2lt3
-2, 61k
-1.681
-68
-7.753
100
-732
-2.55«
-lt08
3
-2.037
-62
-2.137
.12
-2.021
-1.125
-557
-195
-l.«52
7.'«7
13«
-6,399
-lli2
rialud.
-105
-1
Oaraaaj.
S
2
36
-2
Dana&rk.
Vatharlaodl.
Horwajr
.
..
Buaaala.
SpalB.
Svedaa.
Ik
-200
1,S89
-2
Italy
Luxaabourf.
Portugal.
685
21
1U2
-25
-313
firaaoa
-2,820
-122
8
78
3
-3''7
60it
16
8U
-92
.
Swltiarlaad,
-6
57
897
-I.U9I
-1.573
H. ..
6
2
1
8.
S.
.
-3,1*7
-5.273
11.256
2
1
-215
-555
-158
-37
-1.008
3
-103
Total luropa.
-7,821
7te
-37
-3
TugoilaTla.
Othar Soropo.
n.
HW
Jaaoarj
-2.063
39
Marob
April
-5.9«2
3**
-195
-5.3«l
-3.210
-615
-39
35
2
10
11
-23
August
Jml7
3.573
-2.93*
*75
-3.*68
2.095
798
-9.672
-22
-6,3*0
-l.*32
71
-l(9U
39
131
219
-3
8
8
-21
2*7
1,276
3*
232
18
70
ka
56
-2*3
-71
652
-186
.2
12
-210
-*5
M6
-1.273
-506
388
.23
-2,*10
-327
-19
30
6,307
-3,191
1,023
119
-1*7
-380
5
-1*,93*
3
-7
-2.133
-1,008
-53
-359
29
-91
•129
15
20
-20
-2
1,»75
-7.726
-16,856
6.U61
-I7.6U6
.6.lt6U
-17.751
-12,265
-11,291
-3.55*
-5,995
-25,067
-16. Its?
-58.322
25.93''
-UI16
139.826
12.1*70
'S-957
-*.959
39.68*
.23.2llt
-67.567
11,518
2>ia
10>t
12,073
-2U8
36,22*
761
1.923
16
138
l,lll2
335
122
31
536
1
208
1,288
*9
790
3.22J
372
1.529
-117
261
3,115
-16
12
-1
113
22
13
1.505
255
1,023
62
21 It
Chlla
Coloabla.
Coata filoa.
-95
-5
-7
-57
5"
-17
"101
>108
1,313
iWi
31
hiM
33«
*92
llh
-19
1.895
362
-3
632
269
18
17*
11
It
208
291
U
Cuba
TroDoh Wait Xadlaa aad
Oulana
Moiloo
«79
-H31
-1*3
152
336
6tk
-12*
2't.253
Latla Aaariea
Argaotiaa.
BollTta...
Bralll....
.
latharlanda Voot ladiat
aad Surioaa
Paaaaa
Pam
I
-50
1.966
-66
1,617
-79
-592
-2M
-69
-858
165
-11
-2,667
-16
5*5
-585
-122
2,763
It7>>
2U
1
U.88h
5.«3«
3.*99
*3
665
-3.283
.2,7*9
-652
-193
2.23U
-68
523
16
-996
156
-9
-2*3
179
20
3.737
95
-6
-l.*31
•11
-2lt
-2.32*
•16
106
29
-20
-8
2,561
3*«
125
51
-1.120
-28
1.919
-11.21*
506
3.366
.798
.963
-6*8
63
60
365
982
«.573
2.0011
656
89h
•3,2'«0
13.63«
15.295
«.''50
11,103
3.27«
10.219
-7.*06
It,2lt6
.1,281
38,55*
-90
3,2>A
-1
17"
.11, 8M
-177,105
250
-501
-752
-3.*9*
-3.689
-1,810
-61)
23
-3
-80
-131
-103
-9*
-183
-126
•11.106
-130
.50
-1.669
18
-Ho
-39
-2
.112
66
180
15
30
119
125
760
15
.it
.It
-69
-19
.1
-8
-9,232
-313
-1
-l.OOU
-715
-5
-19
-15
-63
6
13
219
33
13
-2.007
108
*0
-76
-*,5*«
195
-53
-139
-1,322
-175
.1,812
-12,ll62
-6,392
2Sl»
5S5
2I10
-1,100
-3^
-33
1
Brltiih Malaya
-2
J^aa
lotharlaada Xa«t ladlaa.
Phlllpplna lalaadi
ToTkmj
Othar Alia
Total Aala
Othor eountrloa
Am tral la
How Zoaland
Igjpt aad Aaglo-Ioptlaa
Sudan
-137
1
-3
-5«
-85*
-5
2
-6,191
-1.557
-12.533
-178,162
17
6
12II
«6
->io
-69
-25
96
110
.7
-200
227
-1«3
-26.t»6
-1'*.731
-76
-195
-368
*9
110
-195
-57
3*
-1,375
-862
-3.96*
.3.968
111
-69
-258
129
10
3
3
-60
61t
-211
-«7
-19
23
-7
-3
32
-217
-203
78
15,760
-21,508
-11,172
17,097
-29
1,007
332
-689
676
-170
-75,0»7
20.'>70
9, "53
-1*7.702
-16,398
-1
2
-25
109
.2
-*5
123
*59
-II
12
-180
-10
-562
-ll
Qnldaatlf lad
Srand total.
kl
-399
-822
-31
-39
-188
3
2
-627
19
:i7
.62
froaoh Morocco
Uolon of South Africa....
All othar
Total othor eountrloa
17
-20lt
LatU iMrloa.
ladla. Buraa, aad Cajlaa
9
27
213
-3
.051
"7
...
21
-693
917
.
2llO
73
-268
2,118
Asja
Chlaa aad Naaohorla
Fraaob Indo-Cy.laa
Hoag tang
705
709
-25
-16
-1.118
-I.61S
-6S
-1
l^k^
-19
-'»7
Taaosuala
Othar Latla Aaarioa.
Tatal
-1'17
-2>»9
-32
.1
-1
I
21
-119
-I16
-25
13
3*9
-78
-16,055
-87,383
2,558
19
-2*, 307
.
.
. .
.
.
Treasury Bulletin
90
Capital NJovemente Between the United States and Foreign Countries
Section II
Summary by Countries
-
-
-
(Continued)
(Continued)
Table 5.- Short-Term Claims on Foreigners as Reported by Banks and Bankers In the United States
(Po«ltl«B at vad •t aoatk In thouaaad* of dollar*}
191(5
Aaguat
Saptaabar
19>)6
Oetobar
loraabar
Daeaabar
21,500
999
529
25.9k7
1.075
602
25.k39
1.055
631
1,521
25
6
33.853
Inropa
Italtad
Ilagdo
31,602
70«
1.2U7
531
9
9
3
3
33.»«
Daaaark.
rialaad.
Oaraaaj.
2k, 871
1.231*
Trano*
Bal^loB
33.850
1.523
2
33.85k
6I10
628
^?
^^
69
3*3
69
577
65
636
36.k,^
256
216
9«2
331
28
1,012
532
6^
Oraaca
Italr
Loxaabomrg.
3«
69
latharlaada.
lonajr
Pertacal....
61
282
la.
28
Spala. ..
Bwedaa,
l.'t37
Swittarlaad.
I. 8. I...
Ta(oilaTla. .
Othar lura^.
1.976
18
1!
Total Barapa.
69
l,h9<
2.710
7*
't.907
71.681
69.763
39.581
32.156
U,008
Latin Aaarlea
Irgaatla*.
lollTla.
Bralil
3.036
6
Ik
k.982
'H,529
Caaada
72
15
5.110
79. l"*?
a.
lO.Bkk
1.796
18.181
2'».35«
12,80k
1.138
21.730
Ohll*
Coleabla. ...
Oaata Hlaa.
6.336
17.105
1.206
7.k75
16.688
1,51k
6.797
lk.l9k
l.kl5
Oaba
Franah Vaat ladlaa and
Oulaaa
Naxloo
ik.m
X8.303
16.993
91
212
9.015
29
9.670
31k
76k
1.317
363
823
l.3k2
1.253
.
8,698
latharlaada Vait Indlaa
aad Svriaaa
308
8I10
Faaaaa
Fara
1,9>K
5,22lt
TaaaaoalA
Othar Latla iaariea.
23.720
5.2tk
ik.ore
5.670
25,kk«
Total Latla laarlea.
116.578
m \570
113.563
China aad Manoharla.
Traaeh Indo-Cklna. .
Hone Kong
1,066
1
817
1.077
1.176
15,021
ite
531
8,akr
iko
539
latharlaada laat ladlaa.
Phlllpplaa lalaada
Tarkay
Othar lala
1.398
26,022
2.069
i.kos
13.02k
1.631
6M
l.ki3
13.577
2,301
2,885
fatal Aala.
60,711
30,797
37.31'»
7'H
3k7
615
3»8
152
29
k.522
1.352
6
k.lk*
1,21k
7.319
6.87k
Xadla. Bnraa, aad Oayloa
Brltlih Nalara
Japan
13,
Othar eaaatrlaa
Initralla
Bov Zaalaad
SgTPt and Aa^la-lcyptlaa
3M
Froneh Moroaoe
Dniea af Banth Afrlaa.
Ill athar
.
Total athar eaaatrlaa..
Pnidaatlflad.
IBraad total.
8,229
1
1
817
817
268
270,226
532
U,k29
2T«
306.1160
8
33.85k
259.952
390
691
333
68
ianVMTT
TabmaxT
Narcfa
iprll
"W
)vir
inguat
91
January 1947
Capital Movenents Between the United States and Foreign Conntries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 6.- Short-Term Liabilities to Foreigners as Reported by Banks and Bankers in the United States
(Position at ond of Bonth In thovsuidi of dollaro)
Wl^
iD^it
Baptaabor
19U6
Oetobor
loToabor
Deceabar
IttTOPO
Unltod El&cdoa.
M3.952
FroDco
Bol£lua
356.68>>
7't6.l57
313.'tl7
7>I0.221
360.321
195.602
9oe
218,615
Donaark.
rial and.
Ooraaay.
1U.U20
6.671
6.S59
16,825
7,153
6,856
Or«eco
Italy
Luxenbourg'
63.171
53,886
22.93*
66,097
61,910
22.853
217.968
187.118
220,563
39,oi40
U5.!t6U
9.682
281*.
.
lotharlaada.
lonray
Portugal
•
-
.
22,896
181*.
365
553.759
553. "ao
>t3k,}60
335.
380. 667
36S."t53
305.782
167.558
166,263
I76.l^'«
319,659
177.786
285.961
175. 7"8
ttl.071
275.207
169. 008
525,326
250,769
160.098
25.921
5.538
6.963
1*0,083
'tt.555
M,2U3
"•7.375
"8.55"
6,606
6,907
10.737
6.770
11,2'^U
10.116
6.620
U.907
"9.7"5
11.17?
6.35"
50.361
11.87"
6. "36
52,08?
13,1"2
6,"67
70. 790
69,96>*
69.666
97.1*80
165.511
22,932
17", 3""
22.359
72.277
136.95"
22.613
60,09S
71,108
22,311
7U,932
100,507
6", l"3
70.371
22.277
293,91"
176,U59
282. 182
23", 137
182,936
281.567
216.071
175.002
17'*.
227,080
1"2,283
50,202
6,202
6,88U
70,977
65,360
23.023
"•5.378
"•9,667
"9."U
211.1*1*3
10,029
36.205
199.991
10,151
35. "67
195.957
10.001
32.330
10,870
20,732
213.1*66
31,208
217,196
9.222
35.363
205, I6S
191. 700
20", "'•3
321.155
2U.829
6,766
51.217
32U.l^l"l
323.231
57. "28
7.257
57."22
332.538
336, 7"6
882
7,675
53.563
59.'»99
50.205
6.275
68.915
213.959
315.''57
316.218
7''3
28.1*79
6,3"9
•6,398
6,555
1*8. 3811
529.93'* 2,582,962 2,655.350
2.588.818
2.512.
'125
2, 502,5'*»
2.393.2"7
2.257."36
2. 55",
718
l,3't9,736
1.359.712
1.3'*'*,138
1.2"<,229
1.263.755
1.28". 303 1,219,566
.7.332
9". 768
83.937
13.571
210.631
8".l35
12,693
206,627
92.623
11.910
222,01"
116.589
10.700
218. 8"6
l"7,879
13.596
192.252
79,983
13.381
199.622
12", 37"
1U.1I9B
12,288
231,06"
255,861
6I^,630
5.229
5, '•Hi
116.922
IIU.951
11*, 1*62
2.538.551 2,501,012
•'•,317
1.522.155
I.I4U9.866 l,'*92,073
Chllo
ColoabiaCoota Rica.
.
Cuba
Prandi Woat Indlat and
Oulana
Mill CO
Sethorlandi Wool
Indloi and Sorlnaa.
Poru
Tonaiuala
Other Latin laorlca--Total Latin Aaerlea---
Aola
China and Hanchurla...
rronch Indo-Chlna
Hone Kong
India, Buraa, and
Caylon
Brltloh Malva
Japan
latharlaadsXast Indloi
Philipplno lolanda.--.
Turkay
Othsr ^la
Total Isla
Othar eonntrlas
Australia
lew Zealand
X^pt and Anglo
XSTtlan Sudan
"29
62.326
7.
359,032
"7,920
8,739
67.656
375 2.391.008
63.557
83,078
6,631
71. '•11
»'t,508
66. 281
55.30"
K.m,
80. 60'^
"U
69. 597
6.889
5.953
5.693
63.883
77,539
6.297
60,313
75 1^6
7,079
6.005
6,901
59.262
66.3""
6.730
62.103
75.2"l
6.75"
15't.'t76
11*5.37'*
136, '•61
128.293
122.222
120, '•88
139.1«73
152.692
163.653
169.636
167.02"
53,863
67,361
6,536
175,613
7.23''
7,098
128,287
6.5«2
l'w.729
6.627
122.317
7.029
119.765
6.965
137.075
7.6"7
135.301
7, "13
1"3,070
19.196
88,913
"0,320
16.738
87.083
"0,586
1".692
l",106
8", 280
38,793
"2.326
171.H89
181,50l»
6l«,U87
63,208
90,188
7.031
93. Z"*?
156,936
195.1)8
72,
U,"99
7,820
7.329
6,63l^
I61t,l4lt9
161»,306
111,818
7.120
116.368
125.881
32.919
89,072
38,797
33.598
30,990
90,732
28.238
88.721
20.911*
89. '•35
1*5, 90'*
1*3.926
'•3.1*21
22.81*6
87, '•76
'•5,019
1*9.688
35.950
150.316
'•2,37'^
1*9,"77
l'*5.988
152,393
50,339
160,508
"6,060
168,637
l,0't6,l*'*2 1.050.9'^O
1.01*3.1*89
1.077.717
1.108,072
1.151.271
717.030
37.991
36. "26
695.38"
39.0"2
35.360
657.0"5
"3.55"
37.755
611,92"
"7.22"
33.236
561, 8"a
620
1,617
3.661
37.585
l."0"
3.670
36.097
1.599
3.526
33.161
2.176
28,275
10,506
13,390
103. 6"5
580.211
71.998
87.369
100.222
505.528
69.278
86,817
11". 263
90,1*61
1*2,625
ltit,327
't8,U52
138.611*
138.105
1UU.76U
138
1,087.358 1,110,567 1,097.7''0 1,0'^5,7''3
581,380
27,500
22.115
582,276
28,036
27.355
756.258
28.196
561
33. 380
1,032
1,201
29.367
1.657
3.983
578.666
27.560
21.738
588.1*61
25,250
918
28,857
920
33.2''3
987
3.9'tl
l*,2ll*
>t,158
"•.077
'•.137
108, 775
99.296
10l*,UU7
U70
51.178
7''. 195
612, 1U5
103,758
659,7'*
113.726
029.175
50.'*75
6M5.'t31
50,lt6U
1*7,186
52.1177
76.685
83,7''7
72,997
77.959
1. ''32,
1. 350.
lilt,
6,2lt6
162,971
51)0,
29.
82,305
15,6Ul
185,603
78,030
17,858
31.692
87,813
38. 770
1(3. oUl
lU5,27e
37.U7
77,188
17,879
179,157
16.0l*5
7,335
158.720
8, "89
18,225
196,29"
30U.228
28.012
5.735
*3.675
5.a6
75.051
22.756
210,11*5
5.113
.
l"6,665
"7,6""
9.218
37.355
212.880
2lt,8ll8
Latin Aaerlea
Argontlna.
BollTla
Braill
22.059
'•5.25'*
289,966
Canada
268.366
161. 6"5
9,291
U20
Total luropa..
159,290
1*7,1*81
2't,373
.
291^,909
016
9,313
31.712
25,l<Ol»
•
22,3112
29i».959
'•7,881
277,668
TucoolaTlaOthsr Xuropa.
75.51"
130.1*91
9,2110
72"*
25.
76.677
123. '•U
22, OUl
1*8,1197
19^.338
I
6.505
9.227
273.781
S.
6,613
256.090
161.051
"8.582
Swltiarlaal.
S.
185,029
269,61*2
Eumanla
Spain
SvodBQ
n.
OM
228,051
182,673
>^.166
9.236
32.589
199.062
l»0,376
0»
630.^9
2't,327
61.^
58. '•79
Anenat
July
May
398.293
ieU.865
707.69'*
310,
7.051
April
Psbniaxy
679. 0U5
699,617
327,256
182,997
20.070
6.679
1119.
January
27,607
21,882
591.685
27.523
21.731
3'',
30.'^67
110.013
6'«.797
57.275
75.119
691 1.510.5112 1,563,1*16 1.55'',35'^ 1.5''9.722 1.735.132
737.967
3''. 550
31,828
36.71
1.61
3.853
100, 7U5
035.693
a.
720
90.325
39.780
732.087
37.928
3''. 801
25.65"
l.'^7l
3.8O5
3".
6". 81
39.23i
50,916
169,367
1.17". 35" 1,226,557
9.165
5",956
3",117
120, l"0
"66,899
62,926
78.385
66,067
86. 336
102,08"
617,01"
66,918
81,92"
1.723.578
1,685,598
1.699.285
1.655.668
1.5"1."21
23.830
".795
2". 366
7.528
28.665
6. "29
33,6"5
5,198
18,979
62,18lt
99.028
598.1)21
"82.366
6"."7"
89. "66
8", 631
l."87."57 l,"37,"82
27.559
28, '•96
28,9'A
29.593
"•,303
'•.256
'•.OUl
26,078
3,963
2'',
3.070
29.005
3.737
30,15''
i*.572
323
3.765
26.6"2
3.8"1
13.597
15.609
17.292
19.627
18,895
19.359
19.585
18. 923
17.878
16. 768
17.7"3
17.7"3
5.792
7.679
9.363
10,117
9,097
10,3'tl
9,1*60
12.375
11.280
96.2"0
11.226
11. "57
10oi502
11.255
8.927
101.315
12. 761
9". 52"
10.055
93."8i
91.919
Trench Morocco
Union of South AfricaAll other
'».7tl
5.76"*
8,1*02
b,'^1^8
e,o'i8
9.973
6,354
79.838
89,982
112.813
96. 081
96.181*
9.686
6.291
95. 'Ao
Total othar couatrias.
136,071
l'*9.35l
176.97''
167.576
l6l*.6o6
I6>».>tl0
171.9''9
167,31''
169.858
165.288
168.150
167.830
17", 779
19.938
36.1'^6
90. "92
68, "16
65.352
210.761
219.927
300,256
16.721
17.732
18. 302
21.1"U
18.772
19.216
19.935
18,151
IntamatlonaL.
Unldsntiflsd.
16,396
17,1'*8
6,660.933 6,780,693
17.610
6. 952. '•86 6.
17.181
861, '•28 6.883.068 6.993.209
6. 931.
'•1*8
6.927.795
6.883.102
6. 65".
628
6.612.010
6.908.I8I 6,767,799
.
.
.
.
.
.
.
Treasury Bulletin
92
Capital Movements Between the United States and Foreign Countries - (Continued
Section II
-
Summary by Countries
-
(Continued)
Table 7.- Foreign Debit Balances (Balances IXie From Foreigners) in Brokerage
Accounts as Reported by Brokers and Dealers in the United States
(Position »t and of Booth In tbouawidt of dollars)
WUk
Au^«t
lor ope
Unltod Iln«doB.
franco
Bolclna
SoptoBbor
October
10U6
jsir
loTOBbor
CocoBbor
JBnuB77
fobruBrj
March
April
Nay
1.800
317
2.079
1.825
268
Au^st
1,381
251
loU
8U2
87''
1.0211
2911
115
255
9U
1.798
398
109
1.730
331
12lt
317
126
159
2.067
331
130
127
75
1.928
267
68
118
2.016
287
110
98
57
7
29
9
126
107
109
82
78
80
60
70
8
8
8
t
8
7
7
7
7
127
898
37"
Denaarlc.
rtnland.
Garaan/.
337
7
8
Srcaca
Italy
Luxenbonrc*
3
2
2
1
1
1
1
U
3
"3
3
31
3
3
2
12
3
12
3
33
12
12
11
2
11
2
11
lUh
201
35
136
187
35
lltO
139
110
235
635
1I0
568
10
128
502
113
166
118
386
152
252
276
130
185
Portugal
8
8
8
8
Ruaanla.
Spain. ..
Svedan.
71
69
69
201
66
180
1
255
70
227
1
232
I'M)
209
2
133
123
106
175
157
62
1.1U3
9*
797
686
869
1.179
1.036
1.071
920
1.058
825
8I7
660
U60
''27
1127
1125
1129
I109
109
I0I
353
320
275
233
193
3.827
3.U11
3.206
3.1'*7
'1.176
5,009
5.065
1.652
1,577
1,357
3.987
1,130
3,056
6.U38
6.15'»
7.366
7,155
7.5''!
8.751'
7.912
6.371
7.260
6.729
7.188
5,382
5,676
1.509
1,1172
1.1*19
2.132
1.6I9
10
1.561
1.770
1.766
1,895
2.010
3,211
1,110
1.602
1.635
1.753
1.619
1,707
591
297
1.290
160
1.173
151
I.I99
99
1.199
111
808
98
112
5,707
5,025
5,258
33
2.172
l,52l
Hatharlanda.
Horvajr
Svltiarland.
U.
S.
S.
H..
177
1
uo
35
8
8
.
Tu^oilaTla.
Other Xurope.
.
Total Xuropo.
Canada
Latin Aaerlca
Argentina.
BollTla
Bralll
.
l.'t97
5
3
2.C60
831
1.''39
289
Chile
Coloabla.
Coeta Rica.
l.3''9
2.105
.
202
296
25U
230
269
226
119
1.552
1
1.519
8
8
8
11
178
30
23
19
808
211
21
Cuba
U,700
U.U20
''.909
5.025
5.5''8
I*.
859
5.331
1.056
I.22I
French Veat India* and
Ouiana
Hcxleo
38
33
1.556
1.''73
I.508
I.8I9
1.818
I.9II
38
1.778
13
1.750
1,580
1.169
1.8O5
19
22
UI8
1.073
19
21
170
932
15
571
877
13
'126
165
711
30
362
337
i
391
301
2I5
117
89
3
55
1
18
5
91
82
30
303
.
Netberlandi West Indiaa
and SurioaB
21*2
735
271
1
it.
1
3
71
Paaaaa
Paru
356
1.023
Vanasuala
Other Latin Aaerlca.
2.299
3.789
2.Ult8
3.777
U.023
2.7811
3.683
3.861
3. "67
2,81lO
2.522
I.9I8
3,561
5.313
3.372
1.209
3.132
1,151
2.156
1.585
2.362
1.556
1.792
1,781
1,717
1.801
Total Latin Aaerlca.
18.138
17.718
18.335
17.678
I8.657
20.198
21,038
18,182
18.317
17.636
19,913
20,060
17,627
5.265
5. 815
6.051
6,272
6.I72
6.792
e,i<o
90
Aeia
China and Manchuria.
French Indo-Chlna.
Hong Kong
5.371
5.389
5.386
5,669
6.089
6,090
21>t
218
150
137
131
131
108
70
10
10
59
60
59
61
60
112
117
68
73
175
31
221
2
2
2
2
1
1
1
1
1
1
1
1
U6
88
lU
3
IU8
85
316
5
6
6
1
13
11
37
3i
6
5
Ml
6,311
6.207
6,500
6.516
7.026
6,556
21
15
16
11
13
13
29
25
21
15
19
19
itU
53
12
25
38
93
71
57
35.315
37.675
36.655
12
.
India, Buraa, and Ceylon.
Brltleh Halaya
Japan
Netherlande last Indiae..
Philippine lelande
Turkey
Other Aeia
Other countriee
Auatralla
Mew Zealand
Egypt and Anglo-Sgyptian
Sudan
t7
"3
"3
63
72
130
5.599
Total Asia.
French Horocoo
Union of South Africa.
All other
5.7'«
5.731
5.663
5.939
6. 611
1*2
Ul
25
21
23
23
23
6.
1
2
71
Unldent if lad
69
5"
10
3''.0«3
33 -"g
2
3
..
Total other countriee....
Grand total.
873
2U
2
16
2
17
11
57
71*
63
72
87
36.397
10.665
"0.531
35.936
10
311.702
311.010
36.115
32,985
93
January 1947
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Sumnary by Countries
-
(Continued)
Table 8.- Foreign Credit Balances (Balances Due to Foreigners) In Brokerage
Accounts as Reported by Brokers and Dealers In the United States
(Position at and of aontb In thonaande of dollare)
1946
19^5
Angast
Borcpa
Tblted Iln^doB
Trance
Belgium
3.095
9.516
1.903
HoTeaber
Dacenbar
January
YebraAry
3.922
9.512
"4.322
9.><o6
1.260
7.009
10.56U
1.672
10,1162
l.WO
5.593
9.850
1.531
6,759
ii.ouu
1.606
i.5''3
1.523
219
27'*
2ia
2I10
3S
5U
290
167
31
275
3.862
9.31*7
Danaark
187
nnland
5
"I
Oamanjr
173
312
286
163
18
298
12
22
190
766
25
191
823
19.052
910
160
17.98't
Oraeee
Italy
^1
Riaanla
Spain
Sweden
^1
18.219
S75
185
Laxaabowg
Betharlande
Bor*ay
Portvcal
18 .596
955
171
22.552
Svltxorland
58.138
Canada
10,028
1,661
125
9.986
1,608
1U3
"•3
II18
1U6
2
326
302
1
297
319
I
26
3U2
769
26
282
513
12
325
782
261*
768
9,1*91
9.n9
9.795
1.500
90
9.968
1.112
9,608
1,060
30
125
15
111
612
113
6U6
1.270
63
2
a
657
99
59
152
512
la
160
1211
108
5^*9
It8lt
671
61*7
57>*
23.508
22,887
23.637
25.965
26,27U
26,689
27.920
27.720
28.088
29.036
29.399
31,101
'»3
1*8
i.eus
1,519
1,638
lA
1.635
lilt
581
2h
1.679
1,625
1.736
1.628
19
1.565
19
1.626
60,581
61.560
68.69b
61,535
61,936
61,610
60,307
60,291
61,263
62.052
62.gU6
9.8O5
5,387
60.U77
5.326
5,615
It.
519
"?
a
1».358
56
6I1
1.581
l,Wt8
62I1
1.5't9
1.596
1.7'»7
3
2.251
2.561
2.07*
1,8U
3U9
6.163
132
800
6.505
lOU
6,798
lUo
8.386
7,U37
6.907
7.322
6.919
6,317
5.076
U,785
6,229
6,1)00
56
65
5.590
65
6.1)69
73
1.790
1.7110
1,5'tl
l.''36
1.1*43
929
1.659
%
800
7U3
278
38
620
265
60U
87
66
59
59
1.385
815
527
576
80
23
661
132
29
7.696
I1.37O
6.872
1.331
Cnba
Trench Veat Indlaa and
Oulana
Mexico
10.1J7
1.66U
201
161
161
1
l.Uil*
120
Wtl
859
157
72
Colonbla
Coata Rica
19.859
1.563
IU5
25^
899
1,576
10,005
2,197
166
65
8211
1.902
10.738
1.926
5.023
10.505
59
118
368
U,207
58
1.633
Clilla
67
2UT
5.107
5.270
10,626
1.599
59
115
H29
5.2>t2
.
Latin imerloa
Argentina
BollTla
Brsill
^
5.795
August
July
Jnna
U5
103
528
2
U3
277
Total loxopa
2U
321
Harch
"5
102
59
99
U. 8. 8. R
TuCOBla-via.
Other BtiTope
4rll
Octoher
Soptenhar
1.870
7,275
'»9
1.125
?6
7?6
38
uo
779
259
80
1,691
1,280
1.087
1.220
1.193
1.075
3
2,113
3
1,822
lU
2.268
3
1
1
3.131
5.305
5.310
1.788
1.183
1,00
199
7,8T8
IMO
19I1
255
7.998
221
209
7,969
193
7.970
187
271*
8.71*
183
175
8.905
259
9, oil
186
7.887
118
8.2>*9
181
2,3W
2.133
1.522
2.1I05
2.875
1.075
2.96I1
8,932
2U
3|.6
19^
267
Betherlanda Veat Indies
and SorlnaiD
Panama
Pern
a9't
5.660
91
1.112
828
Tenezaela
Other Latin America
l.7't3
9liO
.
811(
2.115
1.01b
828
2.632
1.095
l.7'i6
2,103
1.566
1,111
2.563
1,000
969
1.121*
22,661
23.76U
23.05't
2ll.7'>l
27,681
26.567
28.212
26.68U
28.558
l,Ult9
1,8>I9
1.77U
1,151*
I.9I1O
1.752
2.297
1.980
2,026
13
ei
0t
117
95
161*
25
5
25
33
5
25
68
2
33
5
2
38
2
26
26
ItU
12
2.195
12
1,963
Total latin America
18. 556
20.323
20.905
Aala
China and Kancbnrla
Trench Indo-Chlna
Hong Kong
716
6
57
7U7
1.189
8
52
908
India. Burma, and Ceylon.
Britlah Malaya
Ji^an
3^
33
5
25
5
28
33
Hetharlanda laat Indlaa.,
Philippine lalande
Turkey
Other Aala
118
1.269
10
11
lt|«
195
Total Asia
2.389
2.U6«
Other cotmtriaa
Anatralla
Haw Zealand
Igypt and Anglo-Xgyptlan
Sndan
Trench Morocco
Union of South Africa.
All other
Total other cotmtrlee
Unldentlflad
Grand total
28
6
1.395
U7
U7
89
26
5
28
27
25
11
159
1,UU5
60
131
7
1.533
o
171
2. 90**
2.661
U8
5
28
5
7
1,268
6
5
33
.1
25
8
I.6I8
2
223
7
1.777
2
2.875
1
1
1
1
1
1
a2
263
325
301
230
170
253
3.272
3.812
3.915
U,369
U.589
U.176
1.879
U.51O
1,508
56
31
106
36
111
71
90
79
111
58
38
1*2
1*2
lA
39
107
lUl
175
161
1>)0
150
166
78
23
891
85
11
970
80
87
19
1.050
1,132
1,122
1,288
1,362
1.1*20
1,603
1.521
71
71
101,258
99,386
102.192
100.728
102.891
9
35
93
106
109
71
73
73
2,078
935
1,056
U2
832
80
27
879
2.327
1,225
1.389
1,198
1.273
93
95
67
.
1.673
67
13
1.922
67
Mi
1.887
1.963
2.178
2.137
5^
52
55
55
55
53
55
56
92.197
96.1U1
103,603
98,939
97,595
98.956
111
90.8aU
115
2,61|0
22,666
1)8
1,798
31
11
11
It
2.127
2.192
1,976
86
71
)
Treasury Bulletin
94
Capital Movements Between the United States and Foreign Countries
(Continued)
Section III - Details for Month of August 1946
Table 1.- Short-Term Claims on Foreigners as Reported by Banks
and Bankers in the United States
{
In thousands of dollars
January 1947
95
Capital Movements Between the United States and Foreign Countries - (Continued)
Section III
-
Details for Month of August 1946
-
(Continued)
Table 2.- aort-Term Liabilities to Foreigners as Fteported
by Banks and Bankers In the United States
{Position at end of month In thoueandfl of dollars)
Short-term liabilities payable
in foreign currencies
Liabilities on
Borrowed
acceptances made
from
by foreigners for
foreign
a/c of reporting
banlcB
banJES and bankers
Short-term liabilities payable In dollars
short-term
liabili-
Deposits
of
ties
foreigners
Bills
held for
account
of
foreigners
Europe
United Kingdom.
Prance
Belgium
U.S. Government
Treasury bills
and certificates of indebtedness
1(93, 808
21U,291
149,181
2,032
424
756
13,724
34,585
9,561
3,624
1,034
429
52,087
13,139
6,U52
51,irt)6
119
369
193
450
6,331*
71
60,095
60,068
17l»,3itii
17't,333
399
206
358
490
793
3,319
125
92
128
949
15,644
71,402
13
525,328
250,769
160,098
52,087
13,11(2
6,it67
Denmark.
Finland.
Germany.
Greece
Italy
Luxembourg
513,188
250,
SSl^
159,927
12,689
33
22,756
22,756
55,992
173,512
21,963
Netherlands.
Norway
Portugal.
227,080
226, 1(95
210,70l(
11*2,283
U2,282
69,57'(
50,202
'•9,716
i(8,l(0li
Rumania.
Spain.
Sweden.
8,ua9
18,225
196, 29U
8,l^89
8,1(60
18,100
196,101
17,585
83,811
U,526
Switzerland..
359,032
358,6U5
'•7,920
'•7,920
Yugoslavia.
Other Europe.
8,739
67,658
8,738
67,639
336,951
47,780
8,677
67,293
5,292
57
41
81
13,982
U. S. S. R...
20
161
104
Total Europe.
2,391,008
2,376, '«)9 2,078,415
22,613
261,716
13.665
1,219,566
l,21l»,759
30'(,7T7
1,621
906,327
2,034
3,885
. .
.
.
Canada
29
411
100
100,500
55
1,178
350
4
264
2,420
S3
Latin America
Argentina.
BollTla.
Brazil.
11»7,879
11, '•99
lii7,8lil
.
. .
255,861
255,852
141,255
11,491
235,932
2,564
8
16,646
Chile
Colombia. ..
Costa Rica.
53,863
67,361
6,536
53,859
67,360
6,532
53,275
66,449
5,970
516
68
910
562
1
175,613
175,612
173,253
1,613
7, 1*13
7, '•12
1
l'^3,070
l'»3,031
7,411
141,087
1U,106
8i,28o
38,793
ai,279
38,78U
12,094
65,339
34,079
1,262
2,011
18,920
3,440
Venezuela
Other Latin America.
50,916
169,367
50,916
169,059
50,842
151,236
66
1,412
7
1
15,327
1,084
Total Latin America.
1,226,557
1,226,11(2 1,1'^9,713
27,464
44,339
4,626
178,037
40, 176
28,281
4,599
373,821
14,753
300
500
4,584
27
141
25,253
10,137
12,643
2,522
16I
456
50
123
22
8
235
294
64,925
3,25'(
554
Cuba
French West Indies and
Guiana
Mexico
11,1(99
137
3,274
729
1,884
Netherlandfi West Indies
and Surinam
Panama
Peru
Asia
China and Manchuria.
French Indo-China.
Hong Kong
.
India, Burma, and Ceylon.
British Malaya
Japan
Netherlands East Indies.
Philippine Islands
Turkey
Other As la
Total Asia
Other countries
Australia
New Zealand
Egypt and Anglo-Egyptian
Sudan
French Morocco
Union of South Africa....
All other
Total other countries..
International
Unidentified.
Grand total.
561,SI^2
5^^,956
311,117
28,275
10,306
13,390
U,106
56l,0'(l
5'(,956
29,222
27,9'^8
10,306
13,356
120,1W
120,138
'•66,899
1(66,695
62,926
62,926
12
2,738
1,392
8't,631
81(,631
54,907
460,149
60,969
69,763
13,760
502
1,'^37,W2
1,1(31,219
940,315
12,757
468,385
9.762
33, 61^5
33,303
5,124
29,633
4,828
2,838
296
507
325
5,198
18,979
18,921
14,931
339
11,605
91,919
11,605
13,104
91,629
10,599
13,009
85,118
29
38
213
6,001
27
297
17'^,779
173,666
158,118
3.753
6,538
5.277
300,256
300,256
300,256
18.151
18,151
68,208
1,687,305
13,''33
18,151
6,767,799
6,71(0,622 4,949,745
565
606
3.651
977
30
Treasury Bulletin
96
Capital Movements Between the United States and Foreign Countries - (Continued)
Section III
-
Details for Month of August 1946
-
(Continued)
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners as Reported
by Banks, Brokers, and Dealers In the United States
(In thouaandB of dollars)
January 1947
97
Position In Foreign Currencies ae Reported by Banks and Bankers In the United States
Table 1.- Net Position by Countries
(la thmn«iii» •t dAllara; na^tlv* t\gtx%% indleat« ahort ^vltiMi)
Treasury Bulletin
9S
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
-
(Continued)
Table 2,- Outstanding Forward Exchange Contracts
(In thonaandfl of dollari)
Cnrrancy ofi
CoQtraots as of end
of aonth
Ittrope
Orand
(contlanad on follovlne pa^e)
total
Total
Surope
United
XlncdoB
Belglam
Oemany
Italj
letharlandB
Porebaaa oontrsote
Total:
19U3-Septemb6r
13.276
10,397
10,107
13
19,U21
a, 996
18.9U3
October
VoT«nber
Deoember
12,901
13,605
12,391
12,800
13,375
12,190
13
13
I9,9»t6
ll,ltWi
11,193
Tebroary
Marob
20.190
12,781
20,1*33
ll»,663
\m
ipril
23,997
21.309
2^,178
17,lt66
l^Ufi-Jasaarjr
16,5U9
18,755
11.379
16,532
18,650
6«
J^ily
l)U,868
1A,1«5
68
AufUt
to, 258
llO.Oltl
721
Mv
Jim«
Trom foreign ouatoaori:
19U5-Septeabsr
2,575
911
October
BoTember
Deo ember
8.339
19U6-JannaJ7
Tebruar/
Iter oh
2,227
1,550
1,072
619
822
950
U53
2,W3
2,267
A^ril
1,302
«V
619
712
81<0
IMSO
''53
1)80
JI3
191
313
112
Jme
i.SS
l.fiUj
86
388
6U6
86
367
July
AlI£tUt
2,116
820
808
6I16
TroB doaeetlc onetoaers:
19U^S«pteaber
10,701
m
October
Borember
Deo sober
17,0«2
19U£-JannaJ7
febro&ry
Maroh
9,H86
9,386
13
12,282
12,783
12,181
12,663
11,350
13
13
11,I»1H
10,991
12,301
10,7'tO
1«,61|0
19,361
l't,390
llt,3l»3
17,719
12,109
April
22,695
Itoar
ao.ja
Jnn*
22,690
18,367
18,283
68
Jnl7
Aa^aat
it9,7l»7
ltlt,222
••3,779
68
39,'t38
39,233
Total:
19l^-Sept«nb«r
October
Borember
Decenber
igM6-Jajmary
febpoary
Maroh
April
M«y
June
July
AngTiat
To foreign oustomen:
19U^Sept ember
October
BoTember
Dacfloiber
igUS-Jamiary
Vebroary
March
April
May.
June
Jtily
AosTiat
To doaeatlo oaatoBere:
19^-SeptaBber
October
Borembar
Deoanber
19^6- Janoaiy
Fabroary
Itarflh
April
Nay
June
July
Aujput
<
l6',Wi6
81
81
81
PortQcal
Spain
January 1947
99
Position in Foreign Currencies as Reported by Banks and Bankers in the United States
(Continued)
Table 2.- Outstanding Forward Exchange Contracts - (Continued)
(In thonsKidt of dollars)
0tirraa07 a'>
Contraeta ai of sad
of Booth
lorvpa - (ooatlnoad)
Oaaada
Sirltiar-
laad
Othor
Boropo
UtlB
iaorlea
All
Total
lata
Chlaa and
Wanohnrla
Bong
long
Othar
Asia
othar
96
26
Japai
II19
Pttrohasa ooBtraots
Total:
191«;-Saptaatar.
l.teT
190
Ootobar .
loTsHbar.
Doosahor.
5,156
5,6lg
3, Til
.
191t£-Jaii<iar7
1,300
380
82k
1,230
3
380.
380'
3«0
82l>
380
3S0
990
2
9I?
1,53»
1,531
l,20l>
1,531
1,531
992
1,997
1.971
1.20U
82ll
82U
131
35
103
fabmary.
'*,»09
lt,liM
Ifarch
3,100
tfTi.1.
3,567
3,28«
2.691
93«
237
131.
2!572
322
1,<>18
83>»
2, '•97
857
1,376
2,552
2,2*3
190
20
1,028
1,158
i,n'»
1,105
616
129
.
.
May...
Juno..
Jalr
19
T
Aagut
2,5Wi
627
%
52
379
18
171
701
from faraign cuataaarsi
19l>9-Saptoahar
190
235
1,300
380
82l>
96
"«0
17
Octobor
loTsHbar
DaosBhor
1,230
3»
82>t
26
1,201|
380
380
82ll
i.aou
19l46-.Jaiioar7
1,77't
'ohraary
March
73
997
703
105
April
May
Jvia
380
380
95'!
19
65
530
556
521
61
182
675
2Ul
UlO
1,076
Jaly
Angost
S2U
86I1
52
52
52
51"»
562
2>>
613
875
1,155
252
715
122
ItllO
122
rroB domestic oustonars:
19U;-SepteiDl>sr
1,192
U,6(6
5,601
3^666
October
BoTember
December
19'^-Jaanai7
Tebnary
l»,»15
March
3,100
3
1,531
1,531
988
^rll
»V
June
Jaly
19
7
Angtiat
3,2B8
2,691
2,*97
2,5"*
938
237
126
328
779
223
328
923
i.oao
97
920
100
2
765
18
1,1>98
322
90U
272
857
1,357
1,677
1,128
180
20
1.15
1,082
390
718
eoBtrsoti
"•,729
392
302
19
m
163
19
19
19
lUroh
7,565
8,077
8,569
10,669
8,967
>,508
iprll.
5,987
Oote1)«r-
30
30
•
.
.
Tabnary
279
110
.
Uj...
5,2>»9
Jtm*.
8,029
July
kngaaX
827
56
60
i.m
I.m
6£2
582
2,022
2,0^
19
19
19
126
379
1,292
1,722
1,652
171
218
395
2,853
1,778
3,251
19
19
19
379
2,151
1,290
1,865
D»c ember.
19l(6_ Jajraary
1,702
3,553
19
19
63
21
33
37
2n
1,755
3,228
i,6ie
3,509
f* ftrvlfn «af)t«B*r«t
19^5-S«pt«Bb«r
387
Octvbar
SoTcabsr
Sveaibar
228
8l|0
19^6-J«ira&z7
718
8>I0
rflbnax7
8>I0
Muoh
2lS
153
u
1
July
lagTut
500
To domeitlc caatoB«rai
19U^S«pteiiber
October
loTaaber
December
1, 720
19
101
109
60
19
19
19
1,072
120
129
1,111
2,022
2,051
19
19
19
126
277
379
5,987
5,239
8,029
139
192
391
2,853
1,778
3,251
19
19
19
379
1,290
1,365
1,702
3,553
19
19
63
7,565
7,819
7,729
30
1946-JanTiary
Tebmary
Hmreh
J^rll..
8
6
AVSOBt.
1
302
9,829
8,127
1,508
30
%
lU2
13U
Sftlei
Totkl:
19U5-Sept«mb«r.
131
35
38
1,53?
1,531
U9U
579
.
.
Treasury Bulletin
100
Position
m
Foreign Currencies as Reported by Banks and Bankers in the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
(In thooaands of dollars)
Cnrrency of;
Transactions
daring nonth
Europe
(contlnood on following page)
Brand
total
Total
Barope
Iblted
Klngdoa
France
Belgian
Oeroany
Italy
Vether*
lands
Psreliasea
Total pnrchasea:
19*$-8aptsBber
Spot
72,18U
7.306
79.IU9
13.U32
ek.izi
39.9«6
5.909
38.056
7.770
50.087
6,169
5H.562
5.290
33.>*H9
117
268
92
58.151*
117.630
137.076
15.833
13E.2U1
13.002
5.777
66.691
6.552
73.868
8.960
69.819
8.536
129. ''96
73.0'tO
12.989
129.739
13.898
209.795
8,657
67.383
8.319
1IA,571
5.698
57.7W*
6.552
60.552
8.9*3
57.369
8.&57
59.076
8.638
5U.232
8,230
123.091
^rward.
A.813
37.«8«
37.1103
Spot....
Forward.
136.613
at.oti
75.813
15.233
62.113
15.216
October
Spot
Forward.
BoTeaber
Spot.
Deoenber
19>l6-Janaai7
February
March
iprll
Nay
June
July
Aoguet
.
.
Forward.
Spot
Forward.
Spot
Fonnurd.
Spot ....
Forward.
Spot
Forward,
Spot
Forward.
Spot
Forward.
Spot
Forward.
Spot
Purchases from banks:
19U$. SeptoDber Spot
Forward.
Spot....
Oetebar
y
Fonmrd.
BoTodbor
Deoaaber
I9'l6-Jainiai7
Fobruaxy
Naieh
iprll
Spot ....
Forward.
Spot ...
Forward.
Spot
Forward.
Spot ....
Forward.
Spot
ForwardSpot
Forward.
Spot
Forward.
l'».«23
98.936
9.527
107. 60«
11,118
105.317
9.'>92
36. 59*
'10,377
6,01(2
32U
312
5U6
363
908
U
563
5.250
29.233
5.009
30.871
3.036
7. "Hi*
62.666
6.115
65.161
7.229
73.18H
7.102
>i.U90
95.259
10.068
55.383
5.072
>»5.379
3.'«)7
6.7112
20
1.033
3.'»12
13.>>51
2.Z1II
l«.l»ii7
18,833
2,99't
Forward.
3.889
32.133
2.390
tfX....
Hi ,817
forward.
Spot
Forward.
Spat....
Forward,
Spot ....
Forward.
Spot
Forward.
5.765
52.HU2
6,788
56.329
5.732
3.888
2H.WIO
5.129
28.190
U.l»92
>t7.957
19.185
1.718
27.085
12.175
Spot. ..
Forward.
.
3.009
55.6UI.
1U.179
S't.O'lO
6,520
U.165
U7.898
6,601
U7.W6
102
7*2
36.270
A.850
37
5
SUl
11
12,27'»
August
113
667
3.'*95
July
1.669
5.055
33 .62"*
3.328
31.663
U.lDg
27.?3'>
tfuna
2.001
2
1*3,121
20.120
2.o6e
11.U39
1.023
Itar
*9
1
20,370
2.060
12,210
1.023
^rU
1.201
68
506
35.590
2.523
31.106
Naieh
2.282
528
9.798
Spot ....
10
68
i)*,196
U,lt90
37.
Febroary
17
7
1.388
3*7
9,810
19l|6-Jannai7
898
2
779
1.1*92
537
25.713
Daceaber
25
859
k
"19,620
Spot ....
Forward.
Spot ....
Forward.
Spot ....
Forward.
Spot
Forward.
65*
1
29.1*90
2.70I*
82.573
13.566
BoTember
11
1.113
21*8
Spot....
Forward.
October
20
17.289
37.81}
5.136
Ul.lll
3.036
39.315
2.783
52.693
August
^rward-
3
777
3.7M
3tot
Forward.
PurehsBes froa others!
19tJ- September Spot
599
71*1
255
3.7't9
25.8U6
6.7U7
6,580
97.96U
25.713
Spot ....
Ibrward.
582
19.576
'»,783
US.0U3
9.937
56. 188
tvXj
Judo
5
1*2,821
85.799
6,2Ht
73.167
7.257
81.782
10,889
15^.151
30.633
Nay
-
267
5.808
28,728
7.765
7ommrd.
35.'t05
'•''O
519
u
1.230
7
1.27*
7T9
2
676
12
2.026
1.159
*9
1.582
2
l.*«5
113
3
12
1.012
1
10
gU
55
ll,llll»
83
210
1.033
11.990
2.21k
298
16
18.11IO
2.99"*
1.9
26
13.998
2,062
13.5|W
2,062
5>*
93
18.1*85
17. 1*31
7"*
35
101
135
21
27.1*13
•).*92
262
U9
5
18,827
1,690
25.127
11.690
112
i
296
1*2
U19
Iglt
26.193
5. "23
3.888
23.71*5
5.129
21.67)
5.1*18
68
Portngal
January 1947
101
Position In Forel gn Currencies as Reported by Banks and Bankers In the United States
Table 3. - Purchases and Sales of Ftorelgn Exchange {Spot and Forward)
•
'
-
(Continued)
(Continued)
(In tboTUanda of dolXara)
Onpreacy ofi
>Brop« - (eonti&nad)
Trantaotloiu
dtirljig
aoBth
Can&da
Bv«A«B
Svltsar-
Other
lud
Utls
111
AmaricA
fttrepa
Japan
Other
Aala
Ftuehaaes
fetal pnzohaeeei
19^. Septaaber
Spot
Ootober
102
6£s
hnmrd.
23.759
1.353
i.(e6
Spot.
5.96k
I7U
1.322
17
i.35«
6.093
260
23.9U
5,>izi
l.«59
T5
1.9>)0
2.739
1.2^
2.7*0
3.155
1.531
U.2H5
1.188
7.123
32.228
5.553
171*
33.603
5.35*
•1.522
2^
30. 510
Ml
6.931
616
2. 209
5.990
6J9
M.9O6
T»
3.052
3.581
2*8
5.2*2
I.2W1
'\^
'•'^
2.S6T
5.502
375
9.600
753
2.677
10
U.952
562
Spot
ftrvard.
53S
''.539
Spat
ftraard.
Spot
1.675
5.23'»
92
l6.l>7?
1.222
17
1.275
5.
WO
l£8
5.273
1.(32
1.67a
75
1.850
5.276
119
2.219
6.702
2.«>17
5. '•70
532
7«
2.953
13.862
2,278
19.201
2.91H
16.011
3.602
8.970
1.093
28.038
2.811
27.521
2.170
5.195
1.069
Temard.
loTeaher
Aaoeaber
19>l6-^aa«az7
Tebraaxy
Mareh
13
Spot ....
ftrward.
Spot
IWrward.
Spot
Tervard..
Spot
Varwerd.
Spot
Ipet
Tervard..
Spot
ftrvard.
Spot
Varvapd.
Spot
Ibraard.
May
Jul/
Spot...,
forward.
Aa^aet
Parohaaea froa
Ijit^.
banJca
Saptaabar
Ooteber
leTeaber
3.161
19ll6-haaai7
7ebraai7
Maroh
iprll
Mar
6.7*8
500
6.689
1,161
11.916
2.037
1.270
2,191
1.191
1.999
1.178
2.681
2.353
100
W2
21
5.371
W7
*.33l
537
U,9ll0
i
Itoreard.
Deaeaikar
6.*l*
370
6.528
856
6.292
1.1421
2.
•
Jane
2.367
100
3.875
8**
5.038
1.519
7.223
1.88*
8.690
637
7.2*0
912
7.281
1.903
8.*22
1.920
Km
H.lt97
Vemrd..
4(rtl
Spat
Tervard.
Spat
IWrvard.
Spot
foxvard.
Spot
Tarward.
Spot
forvard.
Spot
36
99't
3.m
"i.lig7
5*3
13
*.381
'%
5.*12
*.306
1.519
6. 580
1.88*
7.57*
637
6.737
*32
6.820
1.563
7.977
1.658
3.365
301
3.693
3.70*
^mard.
Jane
1.305
3
3.130
Spot
2.727
5.350
295
^rvard.
21
J11I7
Spot
Tozvard-
H.19>I
9.>X0
563
Aa^aet
Spat
Forvard.
2.*53
10
U,s;«
350
20,188
2.725
19.558
2.582
5.28*
19.^3
'•.756
5.355
2.571
6.009
1.161
Parefaaaaa frea atherai
19«^Septeaeer
Ooteber
oToaber
Spat
Torvard.
Spot
feraard.
Spat
126
37
66
151
33»
82
100
573
92
«3
lU
9n
Nrvard.
Seeaabar
E^t
Tomrd.
i«9
262
April
Spat
harvard.
16!-
Hmj
Spot
J^e
Spot
Tebraary
March
399
15.026
2.H72
10.052
U,8>i5
Spot
Torvard.
fl^t
Teraard.
G^et
19)l£-JairaaT7
ll,81i3
277
55
17.027
1.19*
17.592
895
5M
68
11.
229
73
328
15.3*1
120
103
17.3^
99
'»7
179
IM
152
80
18. 707
1.177
120
190
17.8W
90
1,6>I1
l.fel
^raard.
fair
afat
Aa(a*t
Spot....
Forvard.
886
l»2)»
9»
zu
15.20*
597
35
63
1.156
1.531
1.56U
10
971
2*2
880
732
966
236
1.2*7
2*8
1.191
1.116
U*
581
hmard..
702
3
939
1.130
378
1.173
9;6
1.992
500
111
6*3
*so
*6l
3*0
ii*5
262
680
1.305
other
.
.
.
.
.
Treasury Bulletin
102
Position In Fbrelgn Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
-
(Continued)
(In thousands of dollars)
Corrancy of:
Borope
(contlnnad on follovlHg page)
Orand
total
Transactions
dorioe month
Total
ftirope
Onitad
ElngdoD
Total salas:
19tS-Sept«t>er
Ootobsr
Spot
Torward.
75.^0
U6.87U
9.fise
5.'tl9
5, 1*18
Spot.....
37,995
8.105
2g.8lU
7.712
110.U21
?on#ard.
78.309
15.307
BoTsnber
Spot
Forvard.
83.516
17.775
U9.663
9.091
'lO,U32
December
Spot
Ibrward.
85.i(j3
1*1.192
Spot
96.69£
23.782
51.857
7.99*
53.2U7
l^U^-Janoary
FV)nfard.
19.3'tO
8.958
7.209
'13.318
13.151*
13.051
Spot . .
Forward.
98.862
611.621
19.291*
12,200
55.683
12.200
Spot
Forward.
127. SW
6g,09U
55.372
23.695
l't.958
lit.937
April
Spot
Fbnrard.
66.797
la.iUi
51*.
May
Spot
forward.
130.055
19.599
laU.igo
16,965
75.3'w
10.223
61.123
10.077
June
Spot
68.91*3
56.1*71
FOrvard.
123,222
23.010
12.120
II.S56
Spot
Forward.
159.020
75.915
107. lOU
87.398
65.77U
6U.3gl|
!>pot
121,836
75.863
19.078
61,926
25.715
3.905
fabmaxy
March
Jnly
Ancnst
.
. . .
299
12.019
H.991
forward.
2U.87II
Spot
Forward.
M.gis
k.m6
27.278
3.905
October
Spot
Forward.
3U.291
8,129
15.775
U,U23
12,971*
l*,077
loTember
Spot. .
Tbrvard.
33.132
8,010
17.885
15.208
5.2II8
5.2ltO
December
Spot
Forward.
3U.U99
8.259
18.922
5.112
Spot
Forward.
37,088
6.33)
febmary
Spot
Forward.
36.936
7.919
March
Spot
Forward.
52.259
13.510
Iprll
Spot
.
IbTvard.
56.615
10,219
May
%iot....
Forward.
52.157
June
Spot
53.182
8.919
Sale* to banJci:
19'>5-»«ptombor
191t6-;sDiiary
.
.
.
. . .
Forward.
9.3'i9
July
Spot
Forward.
68,826
Ao<«st
%ot....
58,625
Forward.
1''.639
SepttDbsr
Spot
Forward.
32.162
U,820
October
Spot
Forward.
UU.OIS
7.178
SoTcnber
Spot
Forward.
50.38"
9.765
Deceaber
Spot
Forward.
50.93'*
Spot
n^rward.
59,608
17.562
Feb mazy
Spot
Forward.
61,926
11.375
28,li»9
Sale! to others]
13''$-
19U6-Jaliaary
.
. .
11,081
Ihroh
Spot
Forward.
75.289
10,185
April
Spot
Forward.
73.
May
Spot
Forward.
72,033
7.616
Jnae
Spot
Forward.
70,010
1U,091
Joly
Spot
Ibrward.
90.19I1
Aacast
Spot...
Forward.
70.211
10.235
WW
9,380
"•7.766
38.593
6.8U7
Balelum
Oeraany
Italy
Hetharlands
Portngal
January 1947
103
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3«- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
(In thousands of dollars)
Cnrr«DC7 of:
Rirope - (eontlnnsd)
Transactions
daring month
Utln
SvltzorItud
Othor
lurope
Anorlca
Total
Asia
21.61A
2.1*17
1.271*
>t.052
88
1*7
Japan
Other
Asia
fetal sales:
191*5. Septeml)«r
October
BoTem'ber
December
19U6-Januai7
Tebruary
Karoh
April
Mar
Jane
Spot
Torvard.
Spot
Tbrvard.
Spot
fbrvard.
Spot
Vbnrard.
Spot
7orvard.
Spot
7orvardSpot
Torvard.
Spot
forward.
Spot
Ibrward.
Spot
. .
.
661
i.Tue
1.W9
l't7
5.579
180
31.202
6.956
3.II16
1.3n
187
5.723
26I1
2lt,2>«3
*.1*80
56
1.230
5.725
I.65U
662
8.328
23.UT2
IO.I7H
3.'»H5
3116
8
1.132
52
1.751
99
1.982
Aocuat
Spot
forMird-
2.800
122
670
>a.>i92
l».3«7
8.1(115
U28
5.70H
585
6.557
'A.875
5.270
5.2't5
1.22l»
29.>>80
5.23U
5.516
2.319
29.616
8.373
18.683
t.U37
lll£
6.139
35.016
123
5.900
530
5.659
1.180
1.752
7.372
2,162
7.537
307
7.562
1.859
8,181
I.7U3
ll.3ll2
6.390
6U5
7.016
K25
19
1>).18I>
292
170
901
15.799
3.703
12.618
2.762
12,l»^
3.1»2
387
218
302
163
593
250
5.3*»
21U
U.663
19U
6.759
19
2.1U5
101
3.129
132
8.l>68
IVinrard.
July
356
1.015
U.510
969
5.100
630
31. 188
9.'»96
1.161
Spot....
Forward.
3.111
Spot
TbrvardSpot
.
Tbrvard.
Spot
Forward.
Spot
forward.
39«
llH
"•.965
5.350
560
33.219
23
't.795
1.262
6.281
2.008
Sales to baoks:
I9U3- September
October
oTember
December
.
.
.
.
799
1.023
.
689
8
1.200
9i
66T
1.018
U88
392
Spot
Ibrvard.
Spot
Tbrward.
Spot
forward.
Spot
forward.
Spot
fbrward.
Spot
forward.
Spot
forward.
899
99
1,076
1.311
1*9
1.968
UlT
1.326
Spot....
forward.
1.928
1.5*^
Spot
forward.
Spot
forward.
Spot
263
3.730
996
U.556
658
>».523
200
3.253
11.623
U6;
52
852
"•.707
>».073
1.166
270
16$
11.016
7.032
15.8U1
6.315
Spot
Ibrward.
906
3.617
198
Spot
forward.
Spot
forward.
Spot
forward.
1.21(3
U.978
603
1.169
"1.623
t73
Jme
S|>ot
1.237
July
forward.
Spot
forward.
2,lt¥t
Spot. .
forward.
1.183
16
19U6-Jaiiaaz7
febmary
lUroh
^rll
May
June
July
Aocust
1.076
19
976
I.OI16
36
1.781
67
608
877
182
6lU
au.iU
522
1.1(00
632
530
65U
991
•i.sio
1.577
U3I
1.081
112
21.67U
3.058
877
923
l>».673
927
I.I4O8
90
2.036
17.068
2.U;8
.271*
IW
15.793
.191
38
2.1*52
103
9K
98
15.217
l.gU6
.663
"31
128
7.1*60
2.125
88
l.lOl*
1^
15.1*03
2.759
187
1.11^
1>.178
1.057
101
1.516
132
1.072
5
13.775
2.058
7.838
1.378
261*
7
103
53
53K
133
1.102
562
Sales to others:
19^5-Sept«niber
October
BoT amber
3.151
5.5«
forward
Deoanber
IjUS-January
Spot
forward.
Spot
ftorward.
Tebmaiy
March
i^ril
Kay
Attest
.
356
2.852
1.010
1*7
3.633
787
2.550
122
U.187
1.262
io.8i;5
U,l*86
it.70ll
3.059
21.338
2.0&7
23.201
2.212
IU.SO7
630
1.577
3.865
U28
7.01*5
26
1,222
6. 718
2,162
't.195
U.368
301
'*.307
6.5l(€
11.105
1.613
20
I7.9H8
6.010
U,626
8.170
lOO
76
15.395
2,898
U,li68
307
7.028
1.726
7.079
1.0T7
1.61*9
3. '•21
Il62
18.002
1.727
8}
6.5«5
U25
U.1O8
71A
326
2.1»96
1177
1.271*
All
other
us TREASURY
1
LIBRARY
0031951
@FedFRASER