Full text of Treasury Bulletin : January 1955
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
]'',
LIBRARY
ROOM 5030
J UN ?,31972
TREASURY DEPARTMENT
HT
IKS'
^mumuBTW
jnNURRV-1355
LIBRARY
ROOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
UNITED STRTES TRERSURY DEPARTMENT
OFFICE DF THE
SECRETRRV
January 1955
Table of Contents
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Treasury cash Income and outgo
g
Debt outstanding and Treasurer's account
12
Statutory debt limitation
15
Debt operations
16
United States savings bonds
21
Treasury savings notes
25
Ownership of Federal securities
26
Treasury survey of ownership of Federal securities
2g
Market quotations on Treasury securities
32
Average yields of long-term bonds
35
Internal revenue collections
37
Monetary statistics
k-1
Capital movements
1*5
Corporations and certain other business-type
activities - balance sheets
56
Cumulative table of contents
75
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $4-. 25 domestic, $5- 2 5 foreign.
Single copy price varies.
1
hinuary 195 ?
A-l
Treasury Financing Operations
Restrictions Lifted on Bank Ownership of Bonds
The Treasury Department announced on December 27,
The annual purchase limit cf *20,000 (maturity
value) of each series which applies to Individual
the removal, effective January 1, 1955, of the
owners applies also to a single trust estate, regard-
restrictions against bank ownership of the two
Issues of marketable securities outstanding not
Treasury Department and the Federal Reserve Banks and
195^,
eligible for bank ownership.
The two securities are
the 2-1/2 percent Treasury bonds of 1967-72 Issued
June
1,
19^5,
In the Seventh War Loan and the 2-1/2
percent Treasury bonds of 1967-7 2 Issued November 15,
The first Is outstanding
1945, In the Victory Loan.
In the amount of $1,SSS million,
the amount of $3,820 million.
and the second,
In
less of the number of beneficiaries.
Only the
branches will issue Series E and H bonds to the
trustees; other Issuing agents will not Issue such
bonds to "personal trust estates."
Banking Insti-
tutions, however, generally may accept applications
for transmittal to Federal Reserve Banks for the
purchase of the bonds by such trusts.
The removal of the
restrictions, the announcement stated, will provide
The Treasury emphasized In the announcement
a broader market for these securities.
that the change In the regulations does not Include
E and H Bonds Eligible for "Personal Trust Estates"
under Its terms pension, annuity, profit sharing,
and other similar trusts.
Series J and K savings
As announced also on December 27, the regulations
bonds are available for all these types of pur-
governing Series E and H United States savings bonds
chasers, with an annual limit of $200,000 and
were changed tc permit their purchase by "personal
Interest at about 2-3/4- percent if held to maturity.
trust estates," effective on January
viously,
Pre-
1, 1955.
sales of these series had been limited to
Individuals either as owners, coowners, or beneficiaries. "Personal trust estates" are defined In the
amended regulations as trusts created by Individuals,
that Is, natural persons In their own right, for the
benefit of themselves or other such Individuals and
common trusts comprised In whole or In part of such
91-Day Bills Refunded
Treasury 91-day bills maturing In December were
refunded In full In the total of $7.5 billion. The
five new Issues amounted to $1.5 billion each, the
equivalent of the weekly maturities. The average
rates of discount on the new Issues were I.029 per-
The amended regulations extend to such
cent for December 2; 1.0S7 percent for December 9;
1.247 percent for December 16; 1 . 333 percent for
trusts the same privilege of purchas lng Series E and H
December 23; and 1.175 percent for December 30.
trusts.
bonds as was giver, previously only to Individual owners.
Note:
Details of Treasury market financing operations are
shown elsewhere in this issue of the "Treasury
Bulletin," in the tables on "Offerings" and "Dis-
position," respectively, of marketable issues of bonis,
notes, and certificates of indebtedness, »"d in the table
"Offerings of Treasury Bills."
r
..
January 1955
SUMMARY OF FEDERAL FISCAL OPERATIC-US
(In millions of dollars)
Budget receipts sod expenditures Bet of
trust
account
Surplus,
Bet
Expendend. other
or
receipts
transecitures
deficit
tions
1/
(-) 2/
Clearing
account,
etc. kf
8/3/
Fiscal jearo:
i9*a
1943
1944
19*5
1946
1947
1948
19*9
1950
1951
1958
12,555
21,987
43,635
44,475
39,771
39,786
41,488
37,696
36,495
47,568
61,391
34,045
79,407
95,059
98,416
60, 448
39,032
33,069
39,507
39,617
44,058
65,408
1953 6/
195* 5/
64,825
6k, 655
-21,490
-57,420
-51,423
-53,941
-20,676
-1,613
-338
-2,222
791
-524
754
8,419
-3,122
3,510
-4,017
-1,103
-294
-495
99
679
147
74,274
67,772
-9,449
-3,117
59,000
60,000
63,504
62,408
1950
1951
16,081
34,227
43,246
43,678
38,568
40,389
40,864
37,514
37,306
52,979
1952
1953
Ret
Increase
in
public
debt, or
decrease
(-)
Levels, end of period
Bet
Increase In
Debt outstanding
Treasurer
Treasurer^
cash balcash
Total
Public
Guaranteed
ance, or
balance
Federal
debt
securities
decrease
securities
(-)
358
6,515
10,662
4,529
-10,460
555
-507
366
483
-214
-401
23,461
64,274
64,307
57,679
10,740
-11,136
-5,994
478
4,587
-2,135
3,883
435
328
-250
-303
-4,504
-2,408
-183
-119
641
67
57,542
89,918
96,896
87,271
41, 080
-41,461
-55,691
-53,650
-43,594
-2,512
-1,788
37,955
35,623
41,106
37,728
56,337
2,434
5,241
-3,592
64,840
63,841
70,682
72,997
-5,842
-9,157
101
1953-July
August .
September
3,360
4,378
5,870
5,072
6,018
6,022
-1,712
-239
-l,6lt0
-152
301
36
October..
Hot ember.
December.
1954-January.
February.
March
April
May
June
3,005
4,555
4,588
5,753
5,183
1955 (1st.)...
1956 (Bit.)...
Calendar /ears:
1942
19"*3
1944
19*5
1946
1947
1948
1949
Months:
-l,8u
-422
-3,358
72,422
136,696
201,003
258,682
269,422
258,286
252,292
252,770
257,357
255,222
259,105
4,568
4,100
1,623
-10,930
1,624
-1,462
2,047
1,839
-388
2,991
9,507
20,169
24,698
14,238
3,308
4,932
3,470
5,517
7,357
6,969
6,966
5,189
-2,299
2,096
4,670
6,766
266,071
271,260
3,040
1,700
-1,766
5,000
5,000
274,300
276,000
31
6,983
1,751
9,942
3,767
-22,502
-405
1,111
471
-447
62
10,543
12,294
22,236
26,003
3,502
3,097
4,208
4,679
4,232
4,295
108,170
165,877
230,630
278, 115
259,149
256,900
252,800
257,130
256,708
259,419
4,301
4,230
1,514
567
339
81
-106
50,232
57,707
64,753
47,484
-18,966
-e,249
-4,100
4,331
-423
2,711
-319
-209
7,973
7,777
1,770
-1,488
6,064
4,577
267,391
275,168
-578
-264
188
6,598
536
4,071
-1,067
-196
8,741
7,675
7,479
-219
79
-176
-36
410
193
-427
394
13
165
-476
719
-2,352
797
-1,346
9
-135
-160
449
1,822
-40
-320
-67
-4,546
593
-511
146
-266
-1,161
-123
-1,386
-350
-229
-502
311
815
-41
362
-240
199
234
87
Subject to
limitation
2/
74,154
140,469
208,077
268,671
268,932
46
76,991
140,796
202,626
259,115
269,898
258,376
252,366
252,798
257,377
255,251
259,151
52
81
266,123
271,341
265,522
270,790
51
274,351
276,031
n.e.
n.a.
42
112,471
170,108
232,144
278,682
259,487
256,981
252,854
257,160
256,731
259,461
110,833
171,202
239,099
288,559
258,554
256,127
252,057
256,413
256,026
258,794
54
76
267,445
275,244
266,821
274,671
272,669
273,206
272,937
63
63
64
272,732
273,269
273,001
272,148
272,688
272,422
811
2,428
-2,215
273,386
275,209
275,168
274,849
274,782
270,235
271,047
273,475
271,260
66
74
76
944
1,366
-1,567
700
1,280
5,126
5,923
4,577
4,044
4,988
6,355
4,787
5,487
6,766
75
77
77
80
80
81
273,452
275,282
275,244
274,924
274,859
270,312
271,127
273,555
271,341
272,875
274,707
274,671
274,362
274,300
269,757
270,572
273,002
270,790
433
476
90
73
27
20
29
55
30
24
257,491
251,542
252,028
256,652
254,567
258,507
6/
.
-269
10,641*
5,203
7,308
-2,748
-628
-1,849
-185
737
5,879
-2,545
-1,611
3,336
2,827
3,911
4,951
4,827
6,731
5,019
-2,000
-2,820
-68
-169
304
-121
-97
-222
September,
21
-276
3,971
-145
-2,542
1,233
-313
4,224
5,457
5,145
270,984
274,955
274,810
21
27
29
271,005
274,982
274,638
270,466
274,447
274,305
October..,
November.,
2,639
4,201
4,857
3,842
-2,218
358
-311
391
104
-209
3,942
101
1,518
641
6,663
7,304
278,752
278,853
34
34
278,786
278,888
278,255
278,357
July
August.
.
6,437
5,218
4,707
5,555
5,296
5,033
5,444
11,434
2,751
3,592
Source: Actual figures are from the eld Dally treasury Statement through
the calendar year 1953 except as noted; actual figures on the new
reporting basis (see footnote 6) are from the nev Daily Treasury Statement and the nev "Monthly Statement of Pecelpts and Expenditures of the
United States Government" estimates are based on the 1956 Budget
document, released January 17, 1955, including effects of proposed
legislation. More detailed information vlth respect to the figures
on this page is given in eucoeedlng tables.
1/ Grose receipts less appropriations to the Federal Old-Age and Survivors
Insurance Trust Fund and the Railroad Retirement Account, and refunds
of receipts.
2/ Transactions of the Foreign Economio Cooperation Trust Fund, established
under Seotlon 114 (f) of the Economic Cooperation Act of I948
(& Stat. 150), are consolidated vith budget expenditures.
3V Consists of transactions of trust and deposit funds, Investments of
Government agencies In public debt securities, and sales and redemptions
of obligations of Government agencies in the market; excess of receipts,
or expenditures (-).
4/ For checks and Interest coupons outstanding and telegraphic reports from
Federal Reserve Banks, and beginning with the fiscal year 1954, also
depoeite In transit and cash held outside the Treasury; net increase or
decreass (-).
-533
For current month detail, see section on "Statutory Debt Limitation"
in each issue of the Bulletin. The limitations in effect during the
period covered by this table and the date when each became effective
are as follows: March 28, 19^, $125 billion; April U, I9U3, $210
billion; June 9. 19W*, $260
Ion; April 3, I9A5 $300 billion;
June 26, I9U6, 5275 billion; and August 28, I95U, $281 billion;
(temporary Increase ending on June 30, 1955). Guaranteed securities
are included under the limitation beginning April 3, I9A5. Savings
bonds are Included at c urrent redemption value beginning June 26,
19^(6; prior to that time they vers included at maturity value.
In
the debt outstanding, savings bonds are carried at current redemption value.
Rev reporting basis as announced February 17, 195-U (see April 195*f
"Treasury Bulletin," page A-2). The nev Dally Treasury Statement
shove cash deposits and withdrawals in the account of the Treasurer
of the United States. The nev Monthly Statement Includes agency
transactions not cleared through the Treasurer's account, and shove
receipts vhen they are received by collecting officers and expenditures vhen checks are Issued or payments are made by disbursing
officers.
Revised.
Hot available.
bm
;
§/
-
...
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
.
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue 1/
Employment taxes
Income and profits taxes
?iecal year
or month
Individual
Corporation
Not
withheld
2/
2/
U
For
old-age
Insurance
For railroad retirement
3/5/
5/
19,292
19,735
19,6*1
18,189
2*, 218
32,826
10,013
11,*36
9,8*2
10,073
13,535
18,521
29,306
31,171
29,*82
28,263
37,753
51,3*7
1,*59
1,616
1,690
2,106
3,120
3,569
380
557
56*
550
578
735
33 ,012
19*7
19*8
19*9
1950
1951
1952
New reporting boale:
Withheld
3/
Total
Income
and
profits
For unemployment
Insurance
Excise
taxes
Total
employ
ment "Jj
i/
Estate
and gift
taxes 2/
s/
2,02*
2,381
2,*77
2,883
3,931
185
208
223
226
23*
259
Not
otherwise
classified
8,019
8,301
8,3*8
8,303
9,*23
9,726
*,562
Total
Internal
revenue
i/
39,379
*1,853
*O,307
39,**9
51,106
65,635
8/
1953
195*
10,7*7
21,351
21,635
5*,363
53,906
*,086
*,537
620
21,523
603
277
285
4,983
5,*25
10,01*
10,825
9*5
1955 (Eat.)....
1956 (Eet.)....
18,*66
17,03*
9,600
10,500
21,100
22,000
49,166
*9,53*
5,190
6,175
600
625
290
295
6,080
7,095
9,073
9,350
930
970
65,2*9
66,949
195* -January...
February
March
4*0
396
7,353
2,365
1,0**
3,901
*,507
11,221
85
598
589
17
77
50
33
18*
6
135
859
645
703
64
87
2,1.5*
1,097
3,066
1,*13
*,8o8
6,225
12,820
April.
Hay...
June.
645
358
6,956
808
1*0
1,3*2
1,108
2,601
1,272
2,561
3,100
9,570
278
21
71
*5
17
1
532
1,035
2,578
1,*22
1,819
2,971
3,955
217
20
*
2*0
300
1,10*
252
93
1,*29
7*3
76
*7
16
27*
1
835
322
361
290
199
78
1,077
2,759
1,637
3,326
188
55*
21
9*
*
213
16
2,586
2,051
8,871
13,508
1,977
258
.
July
August. . .
September.
October.
November.
.
1955 to date...
759
507
30*
8*6
5
553
77*
83*
U8
763
9*
80*
731
73
103
713
766
77
6*
9 2/
70,171
70,300 2/
3,725
*,823
10,9!
3
767
72
2,8*9
*,63*
5,116
66*
785
781
65
61
2,700
*,629
2,275
3,813
338
19,928
Deductions from budget receipts
Miscellaneous
receipts
Fiscal year
or month
2/107
Total
budget
receipts
Appropriations to
FOASI
Trust Fund
Appropriations of
receipts to
Railroad
Retirement
Account
Refunds of receipts 13/
Total
refunds
Internal
revenue
Net
budget
receipts
18/
19*7
19*8
19*9
1950
1951
1952
*9*
*22
38*
*23
624
551
New reporting basis:
**,508
*6,099
*2,77*
*1,311
67,999
1,*59
1,616
1,690
2,106
3,120
3,569
256
723
550
550
575
738
2,982
2,250
2,817
2,135
2,082
2,275
17
19
17
16
15
18
*,635
3,82*
2,082
1,*39
1,639
53 ,369
1,811.
8
9
9
3,006
2,272
2,838
2,160
2,107
2,302
39,786
*1,*88
37,696
36,*95
*7,568
61,391
2
3
8/
1953
195*
613
562
1,865
2,311 2/
72,6*9
73,173
*,086
*,537
620
603
3,095
3,3*5
20
6
11
3,118
3,377
64,825
64,655
1955 (Est.)
1956 (Eet.)
570
570
2,302
2,*86
68,121
70,005
,190
,175
600
625
3,307
3,182
20
20
*
*
3,331
3,205
59,000
60,000
*0
*1
44
352
159
1*9
5,200
6,*25
13,013
85
598
589
17
77
50
63
30*
938
2
64
1
306
9*0
5,033
5,444
11,434
April
May
June
52
3,956
5,037
278
21
71
3*0
1J.,3*7
902
608
1*8
2
44
*9
179
170
906
616
150
2,751
3,592
10,644
July
August
September
*5
*8
48
25*
119
117
3,1*8
*,801
5,280
217
20
83
1
7*3
68
1
85
70
27*
76
*7
6
1
2,827
3,911
4,951
October
November
*7
52
1*0
22*
2,887
*,905
188
55*
21
9*
37
5*
2
2
39
56
2,639
*,201
2*0
85*
21,022
1,977
258
2*9
258
18,530
195*-January
February
March
1955 to date
759
507
Source: Actual figures through I952 are from the old Dally Treasury Statement;
actual figures on the new reporting basis are from the new "Monthly Statement of Receipts and Expenditures of the United States Government" (see
*5
17
2
1
2
footnote 8); estimates are based on the 1956 Budget document, released January 17, 1955, including effects of proposed legislation.
Footnotes on page 5.
.
.
,
January 1955
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Major Classifications
(in millions of dollars)
Fiscal year
or Booth
Total
1947
1948
1949
1950
1951
1952
39,032
33,069 U/
39,507 12/
39,617
44,058
65,1.08
New reporting basis:
International
affairs and
finance
Interest
on the
public debt
15,130
11, 446
12,787
32,952
21,663
42,867 IB/
6,562
4,479 12/
6,026 12/
4,817
3,798
2,839
4,958
5,211
5,339
5,750
5,613
5,859
7,259
6,469
6,878
6,517
5,333
4,952
5,123
5,463
8,476
9,581
7,652
8,891
Rational
security
iJt/
1J_/
Veterans'
services and
benefits ±6/
8/
1953
1954
74,274
67,772
50,276
146,522
2,184
1,553
6,504
6,332
4,334
4,249
10,977
9,065
1955 (BBt.)...
1956 (Est.)...
63,504
62,408
40,644
40,458
1,200
1,090
6,475
6,300
4,408
4,608
10,777
9,952
1954 -January..
February.
March....
5,218
4,707
5,555
3,648
3,568
3,830
61.
177
50
2U5
372
588
343
345
340
917
246
747
April.
May...
Jtne.
5,296
5,203
7,308
3,371*
105
120
69
350
249
1,763
383
352
4,663
767
1,109
438
July
August....
September.
4,827
6,731
5,019
3,061
3,370
3,261
81
94
152
213
332
541
336
334
321
1,136
2,601
October...
November.
4,857
3,842
3,300
3,316
73
89
346
368
349
373
790
-304
3,691
376
745
U89
1,800
4,969
1,713
1956 Budget document, but estimates are adjusted In this tabls to a
basis comparable with actual expenditures as shown.
Footnotes on page 5.
16,308
25,278
1955 to date.
Source: See Table 1. Expenditure classifications are based on the detail
available from the monthly Treasury reports and are described In the
footnotes; they differ somewhat from the classifications used In the
Table 3.- Expenditures for National Security
(in millions of dollars)
Fiscal year
or month
Secretary of
Defense 19/
1947
1948
1949
1950
1951
1952
Air Force
military
functions 20/
Army
military
functions 21/
15,130
11,446
12,787
12,952
21,663
42,867 !§/
161
343
402
1,690
3,506
6,238
12,350 18/
6,911
5,965
5,346
4,034
6,811
15,364 18/
1953
1954
50,276
46,522 r
409
464
15,085
15,668
1955 (EBt.)
1956 (Est.)
40,644
40,458
500
600
3,648
3,568
3,830
April
May
June
3,691
3,374
July
August
September
New reporting basis:
1955 to date
Source:
See Table 2.
4,998
4,171
Mutual
Atomic
military
snergy
program 22/
2V
Strategic and
critical
materials
11
99
Other 24/
4,110
5,757
9,961
161
279
171
948
2,292
159
456
647
524
908
1,648
299
439
656
847
16,242
12,910
U.,875
11,293
3,956
3,629
1,791
1,895
919
651
12
15,200
15,600
8,900
8,850
9,775
9,700
2,675
3,075
2,050
2,000
994
783
550
-150
39
37
35
1,181
1,272
1,315
1,038
970
922
927
877
1,001
252
1*5
160
181
58
55
37
37
45
1,223
1,155
1,704
909
790
988
970
851
1,195
343
331
516
164
169
110
39
91
3,061
3,370
3,261
35
33
38
1,105
1,304
1,182
514
877
806
839
698
817
334
228
210
174
169
160
61
60
48
3,300
3,316
41
40
1,274
1,272
756
763
837
777
187
181
170
156
36
126
16,308
187
6,137
3,716
3,969
1,139
629
331
5
4,1.12
3,052
594
108
8
3
3
8/
1954-Jsnuary
February
March
October.
November.
Navy
military
functions
4,663 r
•
,
Footnotes on page 5.
194
321
45
46
r
lreasury nulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Expenditures for International Affaire and Finance
(In millions of dollars)
fiscal jear
or month
Department
of Stats
19*7
1948
1949
1950
1951
1952
Eiport- Import
Bank £2/
Econcvlc and
taobnloal aaelatanoe (Mutual
Security Act) g6/
ClTlllan
relief la
Korea
GOT*]
and relief la
occupied araaa
6,562
4,479 i5/
6,026 15/
4,817
3,798
2,839
133
229
265
299
277
214
938
2,184
1,553
271
156
117
99
1,703
1,215 r
93
83
1,200
1,090
138
150
-42
-90
1,078
1,028
26
64
177
50
10
12
11
-52
-2
2
-Ik
104
156
111
April
May
Jun e
105
120
69
4
5
3
10
-48
Jul!
August
September
81
9*
152
28
73
89
8
8
489
64
New reporting basis:
514
881
1,333
779
370
152
134 15/
4,043 j£/
3,523
3,006
2,191
25
4,977
2,770
445
170
49
183
9
72
8/
1953
1954
,
1955 (Est.)
1956 (Est.)
,
,
1954-January
February
March
,
October
November
1955 to date
Source:
465
-60
45
88
Other 28/
19
:
-68
See Table 2.
11
2
4
12
92
95
93 r
-39
2
-20
6
14
3
5
86
5
78
151
8
63
2
91
2
469
24
7
Footnotes on page 5.
Table 5.- "Other" Expenditures
(In millions of dollars)
Social
Fiscal /ear
or month
Total
security,
welfare, and
health
1947
1948
1949
1950
1951
22/
Bousing and
community
development
M
129
68
460
665
299
287
399
714
188
138
1,032
1,338
1,697
1,884
2,000
2,064
1,801
1,882
435
-556
2,961
2,653
1,554
1,389
1,841
1,453
52
104
2,333
2,140
10,777
9,952
1,860
1,909
243
-72
3,254
2,357
1,360
1,180
1,542
1,357
107
122
2,412
3,098
917
246
747
186
141
134
30
-101
-50
103
78
96
99
76
109
165
26
-143
6
419
138
206
767
1,109
169
129
134
-192
-10
-81
452
689
234
108
74
95
125
75
36
-24
50
-95
180
81
85
165
149
153
52
-35
262
2,029
123
117
118
123
133
120
117
IB
45
29
400
2,601
745
790
-304
178
146
102
136
-1,064
133
134
247
51
-46
157
177
4,969
791
126
1,487
634
734
97
1,098
10,977
9,065
1955 (Bit.)
1956 (EBt.)
8/
1954 -January
February ...........
March
April
May
June
1955 to date
Source:
See Table 2.
Other
35/
939
1,121
1,393
1,486
1,499
1,839
1953
1954
October
November
Lcatloo
ccmmpraclc
Finance,
oommeroe,
and
Industry ii/
519
822
1,221
1,399
1,376
1,»51
-56
-270
July
August
September.
Transportation
and
1,226
782
2,658
2,842
489
1,063
979
1,045
1,165
1,526
1,640
1,672
Rev reporting basis:
1-ataral
raacr
32/
5,123
5,463
8,476
9,581
7,652
8,891
1952
Agriculture asd
agricultural
raaourcM $±/
438
1,«6
•
-2
9
188
Footnotes on page 5.
126
4
174
191
.
.
Unitary 1955
-BUDGET RECEIPTS AND EXPENDITURES
Footnotes to Tables
l/
2/
jj
kj
5_/
6/
2/
8/
9_/
IP/
U/
)2J
13/
lU/
15/
16/
17/
For further detail, see tablea under "Internal Revenue Collectione."
Breakdown was not made In the Dally Treasury Statement for years
prior to 1951*Beginning January 1951, the distribution of receipts between Individual Income taxes and old-age Insurance taxea la made in accordance
with provisions of Sec. 109 (a) (2) of the Social Security Act Amendments of 1950, for appropriation to the Federal Old-Age and Survivors
Insurance Trust Fund (see footnote 11).
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. lU00-H*32) and, beginning with the
taxable year 1951, tax on self-employed individuals under the SelfBaployment Contributions Act (26 U.S.C. USO-hfe)
Taxes on carriers and their employeee under the Carriers Taxing Act,
as amended (26 U.S.C. 1500-1503).
Tax on employers of 8 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. l600-l6ll).
Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the Dally Treasury Statement as
miscellaneous receipts, while the 1956 Budget document includes them
in employment taxes for those years. This difference in classification accounts for the difference in figures from the two sources.
After 1953 the contributions are credited direot to the trust account.
For amounts of the contributions, see "Treasury Bulletin" for
February 1951*, page 7.
As announced February 17, 195^ (see April 195 * "Treasury Bulletin,"
page A-2); see also page 1, footnote 6.
In the 1956 Budget document, Internal revenue taxes not otherwise
classified are Included In miscellaneous receipts.
Includes proceeds from sale of surplus property and from Governmentowned securities; seigniorage; deposits resulting from renegotiation
of war contracts (see "Treasury Bulletin" for February I9U8, page 5);
and railroad unemployment insurance contributions for administrative
expenses through 1953, after which they are carried as trust account
receipts under the Railroad Retirement Board.
Amounts appropriated to the Federal Old-Age and Survivora Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (U2 U.S.C. U01 (a)). The Social
Security Act Amendments of 1950, approved August 28, 1950
(6I4 Stat. 1+77), changed In certain respects the basis of transferring
the appropriated funds to the trust fund. Beginning January 1951,
the amounts transferred currently as appropriations to the trust fund
are based on estimates of old-age Insurance tax receipts made by the
Secretary of the Treasury pursuant to the provisions of Sec. 109 (a) (2)
of the Amendments of 1950, and are adjusted In later transfers on the
basis of wage and self -employment income records maintained In the
Social Security Administration.
Occludes the Government's contribution for creditable military service
under the act of April 8, I9U2 (56 Stat. 20H). Beginning 1952, amounts
are appropriated to the Railroad Retirement Account equal to the amount
of taxes under the Railroad Retirement Tax Act deposited in the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat. 371), and transfers are made currently. Previously, annual
a p pro pri ations were based, In effect, on estimated tax collections, with
any necessary adjustments made in succeeding appropriations.
Interest on refunds is Included in Table 5 under "Other."
Expenditures are "net," after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited
to disbursing accounts of corporations and agencies having authority to
use collections without formal covering Into the Treasury. The figures
include transfers to trust accounts. They exclude net investmente of
wholly owned Government corporations and agencies In public debt securities beginning 1951 (when these investments were grouped with those of
trust funds and accounts), and public debt retirements chargeable to the
sinking fund, etc., under special provisions of law. Payments to the
Treasury, principally by wholly owned Government corporations, for retirement of capital stock and disposition of earnings are excluded from
both receipts and expenditures. Further Information on these capital
transfers may be found in the 1953 Annual Roport of the Secretary of
the Treasury, page 332.
Beginning November 19^9, interest on the public debt la reported as an
expenditure when such interest becomes due and payable, as distinguished
from the previous practice of showing the expenditure on the basis of
interest paid by the Treasurer of the United States.
Consists of Veterans 1 Administration expenditures, Including the direct
loan program.
Includes transactions relating to the Foreign Economic Cooperation
Trust Fund (see page l).
1
18/
19/
—
through 5
Net transactions by the Departments of the Air Force and the Army relating to "Deposit fund accounts" are included under "Trust Account
and Other Transactions," Instead of Budget Receipts and Expenditures"
beginning 1952.
Includes retired pay for the military services beginning September
19*9.
20/
21/
22/
23/
2m/
25/
26/
1
27/
28/
29/
30/
31/
32/
33/
3jj/
Excludes certain expenditures made on behalf of the Department of the
Air Force out of I9U9 and prior year appropriations to the Department
of the Army.
Includes certain expenditures on behalf of the Department of the Air
Force (see footnote 20).
Consists of expenditures from funds appropriated to the President
under the Mutual Security Ac\., approved October 10, 1951
(22 U.S.C. I651), and the preceding Economic Cooperation Act; and
Greek-Turkish assistance.
Consists of expenditures of the Atomic Energy Commission.
Consists of payments under the Armed Forcee Leave Act, expenditures
for surplus property disposal, and in 19*7 also national defense
expenditures of the Reconstruction Finance Corporation and certain
other agencies; beginning 195*, includes direct forces support.
Excludes Bank expenditures under the Mutual Security Act and the
preceding Economic Cooperation Act of 19*8, as amended.
Consists of expenditures from funds appropriated to the President
under the Mutual Security Act, and the preceding Economic Cooperation Act.
After 1952, expenditures for this purpose are not shown separately
In monthly reports to the Treasury; those made by the Department of
State (the greater part, currently) are included under that heading
in this table; those made by other agencies (principally the Department of the Army) are not Included in this table.
ConfliBta of expenditures under the Bretton Woods AgreementeAct (19*7);
credit to the United Kingdom (19*7 and 19*8); expenditures of the
United Nations Relief and Rehabilitation Administration; relief to
countries devastated by war; various other foreign relief programs;
international chlldren , s emergency funds; and loan for construction
and furnishing of United Nations Headquarters.
Consists of expenditures of the Department of Health, Education, and
Welfare except the Office of Education, and of the corresponding
component organizations prior to the establishment of this department
on April 11, 1953; the Government's contribution under the Railroad
Retirement Act for creditable military service, and certain other
Railroad Retirement Board expenditures through 1953; and also, beginning 1950, the school lunch program under the Department of
Agriculture
CansistB of expenditures of the Housing and Home Finance Agency, and
of component organisations prior to the establishment of this agency
on July 27, I9U7; Federal Civil Defense Administration; and disaster
relief.
Consists of expenditures of the Department of Agriculture except the
Forest Service and the school lunch program; and of the Farm Credit
Administration.
Consists of expenditures of the Department of the Interior; the
Tennessee Valley Authority; the Corps of Engineers In the Department
of the Army (river and harbor works and flood control); and the
Forest Service in the Department of Agriculture.
Consists of expenditures of the Civil Aeronautics Administration,
Civil Aeronautics Board, Maritime activities and predecessor agencies,
and Bureau of Public Roads, all now in the Department of Commerce; the
Coast Guard in the Treasury Department; and the Post Office Department. Figures prior to 195*t include net expenditures of certain working funds of the Department in addition to the Postal Service Fund
(advances to cover the postal deficit). Beginning with 195*, net
expenditures of the Department, including the Postal Service Fund, are
on the basis of cash receipts and expenditures recorded in the accounts
of the Department.
Consists of expenditures of the Department of Commerce except those
included under "Transportation and communication"; the Reconstruction
Finance Corporation (as in liquidation by the Treasury Department beginning July 195*); Federal Facilities Corporation beginning July
I95U; the ^>n Business Administration; the Economic Stabilisation
Agency; and funds appropriated to the President for the expansion of
defense production.
Includes expenditures for executive departments and other agencies
not Included elsewhere and for legislative and Judicial functions.
Less than $500,000.
Revised.
<
35/
*
r
Treasury Bulletin
-TBUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net of
trust account
and other
transactions i/
Fiscal year
or month
1947
1948
1949
1950
1951
1952
Trust accounts, etc.
Net receipts, or
expenditures (-)
-1,103
Pecelpte
Net Investments of
Government agencies In
public debt securities
Net redemptions, or sales (-),
of securities of Government
agencies In the market
Guaranteed
Not guaranteed
-"•95
2,619
2,658
1,890
99
679
147
-281
3,852
3,855
6,244
6,515 2/
5,714
6,669
7,796
8,807
435
328
3,760
2,386
8,929
9,155
5,169
6,769
3,301
2,054
-29
33
-183
64l
1,496
2,390
9,804
11,283
8,308
8,894
2,454
2,751
31
20
-806
-1,022
-36
410
193
-83
233
993
824
316
411
222
601
-75
56
-30
-29!*
New reporting basis:
Expenditures
(other than net
Investments)
3,625
3,857
3,824 2/
6,950
3,945
4,952
3,362
3,060
2,311
3,557
3,636
16
46
8
-10
-16
387
-402
-28
-123
28
14
-374
88
2/
1953
1954
1955 (Est.)
1956 (Est.)
1954-January
February
March
582
April
May
June
-1*27
13
-331
662
790
479
1,230
1,448
810
568
658
391
809
July
August
September
-169
-227
304
-121
-331
434
1,224
457
660
526
788
October
November
-311
391
370
994
800
469
394
697
-430
52 It
Source: Actual figures through 1952 are from the old Dally Treasury Statement;
actual figures on the nev reporting basis are from the new "Monthly Statement of Receipts and Expenditures of the United States Government" (see
footnote 3); estimates are baaed on the 1956 Budget document, released
January 17, 1955, including effects of proposed legislation.
1/
2/
3_/
*
-7
32
27
118
60
-4
-1
-1
57
-122
-31
-91
311
-48
61
-6
-1
-27
90
-l6l
-142
-5
-1
-32
43
167
28
Excess of receipts, or expenditures (-).
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
As announced February 17, 1954; see page 1 footnote 6.
Less than $500,000.
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old -Age
and Survivors
Insurance Trust
Fund
Fiscal year
or month
1947
1948
1949
1950
1951
1952
New reporting basis:
1953
1954
1955 (Eat.)
1956 (Est.)
1954-January
February
March
Pallroad
Retirement
Account
Unemployment
Trust Fund
National Service
Life Insurance
Fund
Government
Life
Insurance
Fund
Government
employees 1
retirement
funds 1/
Other trust
funds and
accounts
2/
6,244
6,515 1/
5,714
6,669
7,796
8,807
1,623
1,807
1,924
2,367
3,411
3,932
323
797
625
645
678
850
1,289
1,313
1,173
1,281
1,542
1,643
1,504
740
690
1,076
684
786
134
90
92
87
86
87
578
594
680
809
850
912
8,929
9,155
4,516
5,080
742
737
1,594
1,492
637
619
79
78
961
691
401
457
9,804
11,283
5,774
6,799
702
1,503
1,712
575
621
78
75
712
945
461
401
35
45
36
29
28
58
792
1,174 a/
529
403
545
597
4/
233
993
824
731
86
13
621
609
84
29
175
53
20
37
39
44
4
2
4
6
60
271
122
42
3
90
136
36
193
3
April
May
June
1,230
1,448
300
778
705
July
August
September
434
1,224
457
228
764
287
20
43
76
47
275
October
November.
370
994
204
22
95
35
479
572
Source:
See Table 1.
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian
tribal funds, island possessions, increment resulting from reduction in
the weight of the gold dollar, and through June 1950 seigniorage on silver
under the Silver Purchase Act of 193**. Thereafter any such seigniorage is
included under budget receipts. Beginning vlth the fiscal year 1954, the
12
218
34
37
31
42
32
45
25
35
264
3
61
45
4
43
24
3
43
19
-18
31
45
29
37
36
38
Bailxoad Unemployment Insurance Administration Fund is classified
as a trust account, instead of being handled through budget accounts as formerly (see "Budget Keceipte and Expenditures,"
Table 1, footnote 10).
Excludes Foreign Economic Cooperation Trust Fund (see page l).
As announced February 17, 195^1 see page 1, footnote 6.
January 1955
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Treasuru Ballet
i,
.TREASURY CASH INCOME AND OUTGO.
The cash Income and outgo of the Treasury shown In
Table 1 consist of cash deposits and withdrawals In the
account of the Treasurer of the United States. This Is
In line with the new reporting basis of the "Dally
follow the method used previously for deriving cash Income
and outgo from the transactions carried in the old Dally
Statement.
setup,
principally to combine all reoelpts and all ex-
Effective
Statement of the United States Treasury."
February 17, 1954, the Dally Treasury Statement shows
deposits and withdrawals In the account of the Treasurer
of the United States.
Budget results and trust account
and other transactions are now reported once each month
pendltures Instead of deriving separately the cash budget
In the "Monthly Statement of Receipts and Expenditures of
securities whloh are not effected through the account of
the Treasurer of the United States are Included In
the United States Government" (seepage A-2 In the April 195I*
Issue of the "Treasury Bulletin").
Figures for previous fiscal years heretofore published
by eliminating corporation and agency transactions Included
In the old Dally Statement but not cleared through the
Treasurer's account.
The cash borrowing or repayment of
borrowing as now shown is likewise based only on transactions cleared through the Treasurer's account.
In Tables 2,
3,
and trust account transactions.
Reporting bases for the two statements differ in two
Certain corporation and agenoy transactions In
respects.
the Monthly Statement but excluded from the Dally Statement.
have been revised to the basis of deposits and withdrawals
and k is given the reconciliation of
the cash transactions with the budget and
other
trans-
actions which formerly appeared In the old Dally Statement
and now appear in the new Monthly Statement.
These tables
These are eliminated from the Monthly Statement figures
in arriving at the cash transactions shown in the tables
which follow. Other differences arise because of the
differences In timing, as between ohecks Issued (Monthly
Statement) and checks paid (Dally Statement for expenditures or between collections (Monthly Statement.) and
)
clearances (Dally Statement) for receipts. Thus an
Individual transaction near the end of a month may be
Included during that month In one statement but not
until the following month In the other.
These differences
tend to correct themselves over a period of time, but for
a given
reporting date it Is necessary to include an
adjustment figure to cover them.
Table 1.- Summary of Cash Transactions
(In millions of dollars)
,
Some rearrangement has been made in the table
I
January [955
.TREASURY CASH IHCOME AND OUTGO.
Table 2.- Derivation of Cash Deposits
(In Billions of dollars)
Budget (net) 1/
19k7
19*8
39,786
19"»9
37,696
1950
1951
1952
36,1.95
1.7,568
Trust account
noncash Items deducted
from budget receipts - excess
profit* tax refund bonds 2/
Plus:
Receipts
Fiscal Tear
or month
Total
1.6,030
1.8,003
-39
-10
1*3,1*10
-1.
1*3,161*
61,391
6,2kk
6,515
5,71k
6,669
7,796
8,807
-1
-1
-1
1953
195*
6k,825
6k,655
8,929
9,155
73,751*
1955 (Est.)
1956 (Est.)
59,000
60,000
9,801.
68,801*
11,283
71,283
1.1,1*88
New reporting basis:
195U-January
February
March
70,198
3_/
73,811
5,266
5.I.U.
233
993
6,1*37
11,1.31*
821.
12,258
5,033
April
May
June
55,361*
3,229
2,751
3,592
1,230
1*,823
10,6U
1,1.1*8
12,092
July
August
September
2,827
3,911
k,951
1*31*
1,221*
3,261
5,135
1*57
5,1*08
October
November.
2,639
370
l»,201
991.
3,009
5,19k
. .
.
1*79
Treasury Bulletin
10
.TREASURY CASH INCOME AND OUTGO.
Table 3.
-
Derivation of CaBh Withdrawals
(In mill lone of dollars)
Expenditures
Fiacal year
or month
Budget
1/
1947
19l*8
1949
1950
1951
1952
New reporting basis:
Trust
account
and other
transactions
2/
Leas:
Interfund
transactions
(Table 2)
Exchange
Stabilization
Fund tJ
Noncash and other expenditures reflected
Less:
in debt transactions
Interest on
Bavlngs
bonds and
Treasury
bills 4/
Net investments in
public debt securities
By trust
funds and
accounts
Net redemptions
of obligations
of Government
agencies In the
market
By
Gore
agencies
5_/
9
47,405
40,441
45,814
45,980
51,162
74,076
2,402
2,594
1,778
2,191
1,923
2,104
469
559
580
574
638
779
3,362
3,060
2,311
-405
3,369
3,355
319
97
186
281
8,495
8,828
-28
-109
82,741
76,491
2,194 r
2,097 r
719
524
3,068
1,688
232
366
25
9,987
10,642
-200
-100
73,291
72,950
2,101
2,447
550
450
2,192
2,553
262
198
-775
-1,002
5,476
5,291
6,147
82
91
64
73
-343
17
10
27
268
28
-39
-69
39
28
117
60
68
20
42
2
53
45
330
878
62
-69
-123
-32
39,032
33,069
39,507
39,617
V», 058
65,408
7,347
6,810
6,209
6,570
7,117
8,660
1,026
563
98
-207
-13
177
-69
359
-107
74
22
-384
72
6/
1953
714,271.
195k
67,772
1955 (Est.)
1956 (Est.)
63,501.
62,408
4
5,555
269
584
631
April
May
June
5,296
5,203
7,308
906
837
1,436
13
-33
6,215
6,007
8,744
898 r
44
76
July
August
September
It,
827
6,731
5,019
603
920
578
-31
16
-112
5,399
7,668
5,485
130 r
49
100
71
39
58
-104
280
-81
13
34
30
32
83
-163
October
November
4,857
3,842
681
6
603
-9
51
45
-133
112
-9
55
23
-33
1954-January
February
March
5,218
1»,707
5,532
4,436
74
58
.
.
..
January 1955
11
.TREASURY CASH INCOME AND OUTGO.
Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars; negative figures Indicate net repayment of borrowing)
Less:
Fiscal year
or month
Public
Interest
debt In- on
crease
savings
bonds
or decrease
Treasury
(->
bills
Lees: let
investments in
public debt
securities
Less:
Issuance of public debt
securities Involved in expenditures of other accounts or In
refunds of receipts
,
1/
trust
funds
wnd
accounts
By Gov- Armed
ernment forces
agencies leave
bonds
2/
191*7.
11,136
1948.
-5.99 *
478
4,587
-2.135
3,883
1
19*>9.
1950.
1951.
1952.
New reporting basis:
469
559
580
574
3,362
3,060
2,311
638
779
3,369
3,355
-405
teed
securities
Transactions
not cleared
through
Treasurer's
account
Other
differences
(-)
6/
281
-1
-1
-913
-123
166
13
-9
-1
-1
28
l*,023
7
-32
109
2,673
29
-33
200
3.19 *
3,296
-31
-20
806
1,022
10
-1
-27
-118
-60
-21
-42
-12
-52
19
-391
-290
-4,656
-57
122
31
-24
-38
-25
14
1
-11
699
2,046
-3,104
27
-90
161
-39r
-28r
-8r
3r
ll8r
-28
32
-7r
-1
-39
-10
-4
-1
-1
-1
7,893
1,39 >
2,916
1
33
1*
4.044
»,336
-387
-16
-46
-8
10
16
28
123
-28
-14
374
-88
-7
-52
-79
-19,395
-7,333
-2,621
4,163
-5.874
-170
-695
-108
68
2/
232
366
-24
-14
1955 (Est.).
1956 (Est.).
3,040
1,700
550
U50
2,192
2,553
262
198
-10
-5
1954-Jan
Feb....
Max....
-320
-67
-4,546
73
-3U3
17
10
27
268
28
-69
39
-1
-1
-1
Apr....
May
June . .
811
2,428
20
44
-2,215
76
-276
71
39
58
-10l»
13
280
-81
30
-1U5
3,9^
51
-133
112
-9
101
Nonguaran-
2,140
3,068
1,688
Oct....
Nov....
teed
securl tleB
-4
-2
-2
719
524
3,971
Guaran-
Equals:
Net cash
borrowing,
or
repayment
of
borrowing
-8
6,966
5,189
July...
Aug ....
Sept. .
Excess
profits
tax
refund
bonds kf
Adjustments for differences in reporting
bases for net transactions In securities
by Government agencies
1,793
-1,229
-164
-95
-160
-68
177
-69
319
97
186
195>>
1953
Notes to
Adjusted I ntorservlce national
bonds 2/ Bank and
Fund 2/ 3/
Total
deductions
Plus:
Net sale? of
obligations of
Government agencies
In the market
42
330
878
2
62
-69
32
1
100
72
39
17
-1
-1
-1
-13
49
468
884
4
-1
-1
-1
31
-16
112
10
333
-61
6
121
1
33
55
Source: See Table 2.
l/ Accrued discount on aavlnge bonds and bllle leaa Interest paid on
savings bonds and bills redeemed.
2/ The issuance of these securities is treated as a noncash budget expenditure at the time of issuance and as a cash budget expenditure at the
time of cash redemption; net issuance, or redemption (-).
See Table 3, footnote 3.
The issuance of these securities is treated as a noncash deduction from
g
y
6
-86
9
221
5_/
6/
2/
*
r
1
1
-155
-274
17
2,763
2,255
621
-59
8
1*
-U7r
-356
3,645
-229
-2r
3,996
-9
-96
budget receipts at the time of Issuance and as a cash deduction at the
time of cash redemption; net issuance, or redemption (-).
Net Investments of Government agencies in public debt securities and
net sales of obligations of Government agencies In the market.
Includes borrowing through Postal Savings System.
For explanation, see headnote.
Less than $500,000.
Revised
Footnotes to Table 3
1/
2/
2/
kj
5_/
6/
2/
8/
1
For further detail, see "Budget Receipts and Expenditures' , Table 2,
Includes net investments of Government agencies In public debt securities and net redemptions in the market of securities of Government
agencies (see "Trust Account and Other Transactions", Table l).
The United States subscription to the capital of the International
Monetary Fund was paid In part from the Exchange Stabilisation Fund
(see'Treasury Bulletin" for September 19^7, page 17).
Accrued discount on savings bonds and bills lees Interest paid on savings bonds and bills redeemed.
Prior to 1951> consists of net investments of corporations not vhollj
owned; beginning with that year, Includes also those of wholly owned
corporations and agencies which for prior years are included in budget
expenditures.
For explanation, see headnote.
Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; net issuance, or redemption (-).
For explanation, see headnote. Excess of expenditures on Monthly
Statement basis is deducted.
As shown In the "Monthly Statement of Receipts and Expenditures of
the United States Government"; consists of changes In checks and
interest coupons outstanding and telegraphic reports from Federal
Reserve Banks, and beginning with the fiscal year 195^, also changes
in deposits in transit and cash held outside the Treasury.
10/ Net investments of Government agencies in public debt securities and
net redemptions of obligations of Government agencies In the market.
12/ Since deposit funds (net) are included under trust account expenditures, the Interest received by corporations not wholly owned la
carried there as a negative expenditure. Thus when budget expenditures and trust account expenditures are combined, the payment and
receipt of this interest offset each other. Payment of Interest to
wholly owned Government corporations is offset because It is treated
as a negative budget expenditure when received by the corporations.
*
Less than $500,000.
Revised
r
2/
. ..,
Treasury Bulletin
12
DEBT OUTSTANDIBG AND TREASURER'S ACCOUNT
Table 1.- Summary of Federal Securities
(In Bill] one of dollars)
Total outstanding
End of
fiscal
year or
month
Guaran
GuaranTotal 1/
1947
1948
1949
1950
1951
Public
debt
258,376
252,366
252,798
257,377
255,251
258,286
252,292
252,770
257,357
255,222
259,151
266,123
271,341
Debt peak:
Feb. 1946
1953-Tec ember.
1954 -January
February.
March
Matured debt and debt bearing no interest
Interest-bearing debt
Public
debt
teed
securities 2/
90
1,274
1,302
1,411
550
525
502
1
1
1,313
1,301
238
1,063
12
2,288
2,287
436
1,340
5H
1
2,218
2,247
2,413
2,216
2,246
2,412
35*
385
515
1,352
1,352
1,391
510
509
506
1
79
79
80
2,193
2,196
2,351
2,1?2
2,195
2,350
308
280
437
1,378
1,411
1,411
505
504
502
19
2,305
2,263
2,371
2,303
2,262
2,370
1,442
1,426
1,538
499
495
493
2
2,353
2,352
2,342
362
341
339
318
299
1,544
1,553
490
490
1
1
256,907
263,997
268,990
256,863
263,946
268,910
44
279,764
279,214
551
278,451
277,912
539
275,244
275,168
76
272,956
272,881
75
274,924
274,859
270,312
274,849
274,782
270,235
75
77
77
272,706
272,612
267,899
272,632
272,536
267,823
74
76
76
271,127
273,555
271,341
271,047
273,475
271,260
80
80
81
268,934
271,359
268,990
268,855
271,280
268,910
September
271,005
274,982
274,838
270,984
274,955
274,810
21
27
29
268,699
272 ,719
272,467
268,681
272,693
272,440
26
27
October
November.
278,786
278,888
278,752
278,853
34
34
276,432
276,545
276,400
276,511
33
33
.
April
May
June
July
August.
.
.
.
Source: Dally Treasury Statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Excludea guaranteed securities held by the Treasury.
For current month detail, see "Treasury Survey of Ownership."
Special notes of the United States Issued to the International
Monetary Fund In payment of part of the United States subscription,
I
Table 2.
2,244
2,126
2,351
5/
419
298
437
46
52
81
.
231
280
245
265
2,242
2,125
2,350
259,105
266,071
271,260
.
3,173
2,229
2,009
2,148
2,370
512
27
20
29
1952
1953
1954
3,179
2,234
2,012
2,150
2,372
Other
1,218
788
701
613
575
255,113
250,063
250,762
255,209
252,852
73
Monetary
Fund 4/
Guaranteed
securities 2/
(matured)
1,724
1,161
1,063
1,270
1,283
255,197
250,132
250,785
255,226
252,879
,
Public debt
teed
eecurt
ties 2/37
83
69
24
17
27
51
80
2,3'*3
6
5
3
2
2
1
1
1
1
1
1
1
1
pursuant to previa lone of the Bretton Woods Agreements Act. The
notea bear no interest, ere nonnegotlable, and are payable on demand.
Similar notes Issued to the International Bank and outstanding
l^T-l^ are included under "Other."
Includes savings stamps, exceas profits tax refund bonds, currency
items, and notes issued to the International Bank (see footnote k)
For current month detail. Bee "Statutory Debt Limitation," Table 2,
Interest-Bearing Public Debt
(In millions of dollars)
.
13
January [955
DEBT OUTSTAKDING AND TREASURER'S ACCOUNT
Table 3.- Special Issues to United States Government Investment Accounts
(In million* of dollars)
Treasury Bulletin
:-
T'JTSTASDISG ASZ TS2
's
;c::v2T
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies^
.;-
:
)
.
January [955
15
STATUTORY DEBT LIMITATION
( 31
U.3.C.
The Second Liberty Bond Act, ae amended
provides that the face amount of obligations Issued
757 b),
except that thle amount was Increased by $6 billion be-
ginning on August 28, 195 *, and ending on June "30, 1955,
by Public Law 686, approved August 28, 195 * (68 Stat. 895).
1
under authority of that act, and the face amount of
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
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
aggregate $275 billion outstanding at any one time,
redemption values.
1
Table 1.- Status under Limitation, November 30, 1954
(In millions of dollars)
Maximum Baount of securities which may be outstanding at any one time, under limitation Imposed by the act
of June 26, I9I16 (31 O.S.C. 757 b), as Increased temporarily by tbe aot of August 28, 195U
281,000
Amount of securities outstanding subject to such statutory debt limitation:
U.
S.
Government securities issued under the Second Liberty Bond Act, as amended
278,323
Guaranteed securities (excluding those held by the Treasury)
3**
Total cmount of securities outstanding subject to statutory debt limitation
278,357
Balance Issuable under limitation
Source:
2,61*3
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding November 30, 1954
(In millions of dollars)
Class of security
Subject to
statutory debt
limitation
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank eligible
Treasury bonds - bank restricted if...
Postal savings and Panama Canal bonds.
Total marketable
tloomarke table
U. S. Barings bonds (current redemption value).
Treasury savings notes
Depositary bonds
Treasury bonds , investment series
Total nonmarketable
Special issues to Government agencies and trust funds.
Total interest-bearing securities
Matured securities on which Interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund Series
Uni ted States noteB ( less gold reserve
Deposits for retirement of national bank and Federal Eeeerve Bank notes.
Other debt bearing no interest
Total debt bearing no interest.
Total public debt
Cruaranteed securities:
2/
Interest -bearing
Matured
Total guaranteed securities
Total public debt and guaranteed securities.
19,507
18, 18*
36,196
75,512
8,668
Hot subject to
statutory debt
limitation
Total
outstanding
.
Treasury Bulletin
16
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding November 30, 1954 i/
(In millions of dollars)
Amount, of maturities
Tear
Deeorlptlon of seourlty 2/
and
month
Fixed
maturity
Issues
Callable Issues
classified by
year of:
Flret
call
Final
maturity
Date
bank restricted
Issues
become
bank
eligible
Amount of maturities
Tear
and
Description of security 2/
month
1/
1957
1954
Dec.
.
Bills
Bond 4/
2*
2*
Bond
1-7/8* Hote
12/15/51-55
12/15/52-54
12/15M-B
Total.
7,505
510
8,662
8,175
Mar..
Apr.
24,852
2-3/8* Bond
2-7/8* Hote
-
3/15/57-59
3/15/57-A
1-1/2* Hote
-
4/1/57-EA
May..
1-5/8* Hote
-
5/15/57-B
Oct..
1-1/2* Hote
-
1O/1/57-B0
Total
1958
Mar..
2-1/2* Bond
-
3/15/56-58
Apr..
1-1/2* Hote
-
4/1/58-EA
June.
2-3/8* Bond
2-3A* Bond
-
6/15/58
6/15/58-63
1955
Jan.
Bills
1-5/8* Certificate
2/15/55-A
6,001
Oet..
1-1/2* Hote
-
10/1/58-BO
6,002
7,007
Deo..
2-1/2* Bond
-
12/15/58
Total
1-1/2* Hote
3/15/55-A
2-7/8* Bond 5/
3/15/55-^0
Certificate 3/22/55-C
1*
(Tax Anticipation Series)
5,365
2,611
3,734
May.
1-1.
3* Certificate
-
5/17/55-B
3,886
Aug.
1-1/8* Certificate
-
8/15/55-D
3,558
Dec
1-3/4* Hote
-
12/15/55-B
6,851*
.
Total
>5?
Feb..
45,017
1956
NaT... 2-1/2* Bond
3/15/56-58
Apr... 1-1/2* Hote
4/1/56-SA
Sept.. 2 -3 A* Bond
2-1 A* Bond
9A5/56-59
Oct... 1-1/2* Hote
10/1/56 -BO
Total
1,»J»9
1,007
982
3,822
9/15/56-59
550
1,557
6,252
Filed
maturity
Issues
Callable lssuee
classified by
year of:
First
call
Final
maturity
Date
bank restricted
Issues
become
bank
eligible
1/
.
.
January 1955
17
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding November 30,19541/- (Continued)
(In millions of dollars)
Amount of maturities
Description of security 2/
Plied
maturity
Issues
Callable Issues
classified by
year of:
First
call
Pinal
maturity
Date
bank restricted
lsBues
become
bank
eligible
Amount of maturities
Year
and
month
Deecription of security 2/
3/
Fixed
maturity
issues
Callable issues
classified by
year of:
FirBt
call
Final
maturity
Date
bank restricted
issues
become
bank
eligible
1/
1967
3*
Panama Canal bond
2-3A*
Bond -
2-1/2* Bond
-
-
6/1/61
50
9/15/61
2,239
2-1/2* Bond
2-1/2* Bond
6/15/62-67
6/15/67-72
1,888
Sept.
2-1/2* Bond
9/15/67-72
2,716
Dec.
2-1/2* Bond
12/15/67-72
3,819
June,
2,116
6/15/626/
11/15/61 11,177
Total
12/15/626/
13,1*66
Total
2-1 A* Bond
2-1/2* Bond
6/15/59-62
6/15/62-67
2-1/4* Bond
12/15/59-62
Total
5,277
6/15/58-63
2-1/2* Bond
12/15/63-68
Total
1968
2,116
Dec.
2-1/2* Bond
-
12/15/63-68
2,826
1969
June.
2-1/2* Bond
-
6/15/64-69
3,754
2-1/2* Bond
-
12/15/64-69
3,830
3,465
2,116
2 -3 A* Bond
8,423
2,116
8,742
919
2,826
2,826
Total
7,584
919
1970
2-1/2* Bond
3/15/65-70
4,719
2-1/2* Bond
3/15/66-71
2,961
12/1/54
June.
2-1/2* Bond
6/15/67-72
1,888
6/15/626/
Sept.
2-1/2* Bond
9/15/67-72
2,716
2-1/2* Bond
12/15/67-72
3,819
Mar.
2-1/2* Bond
6/15/6U-69
3,754
2-1/2* Bond
12/15/64-69
3,830
1971
Mar.
Total
7,584
1972
2-1/2* Bond
2 -3
A*
3/15/65-70
Bond
4,719
Total
1,485
12/15/60-65
Total
Dec.
4,719
12/15/626/
8,423
1,485
1978
June.
3-1/4* Bond
6/15/78-83
3-1 A* Bond
6/15/78-83
1,606
1983
2-1/2* Bond
-
3/15/66-71
2,961
12/1/54
Source: Dally Treasury Statement and Bureau of the Public Debt.
1/ Excludes postal savings bonds.
2/ It should be noted that callable Issues appear twice In this column,
once In the year of first oall and again In the year of final maturity. Callable issues with respect to which a definite notice of
call has been made, however, are listed as fired maturities. Por
date of lone of each seouxlty. aee "Market Quotations"; for tax
status, see "Treasury Surrey of Ownership."
June.
1,606
Bank restricted issues may not be acquired by commercial banks (with
minor eioeptlons) prior to specified dates; for definition, see
"Debt Outstanding and Treasurer's Account," Table 2, footnote 1.
Called on August 12, 1954, for redemption on December 15, 1954.
Called on November 15, 1954, for redemption on March 15, I955.
On December 27,1954, the Treasury announced the removal, effective
January 1, 1955, of the restriction on bank ownership of this issue.
..
.. .
,
Treasury Bulletin
IS
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar amounts in millions)
Description of new issue
Issue date
1954-July 1.
July 8.
July 15.
July 22.
July 29.
Maturity
date
Number of
days to
maturity
1954-Sept. 30
Oct.
7
1U
Oct.
Oct.
21
Oct. 28
91
91
91
91
91
2,275.''
4
12
91
92
91
Aug.
5.
Aug. 12.
Aug. 19.
Aug. 26.
Not.
Hot.
Not.
Not.
Sept. 2.
Sept. 9.
Sept. 16..
Sept. 23.,
Sept. 30.
Dec.
Dec.
Dec.
Dec.
Deo.
9
16
23
Oct. 7.
Oct. 111.
Oct. 21.
Oct. 28.
1955-Jan.
Jan.
Jan.
Jan.
13
Hov
4
Iot. 12.
Hot. 18.
Iot. 26.
Feb.
Feb.
Feb.
Feb.
10
17
2k
Dec.
2p
Dec. 9p
Dec
l6p
Dec. 23p
Dec
30p.
Mar.
Mar.
Max.
Mar.
Mar.
10
17
2k
31
.
.
.
18
26
2
30
6
20
27
3
3
Amount of
bids
tendered
1..
8..
15..
22
29..
.
Aug.
Aug.
Aug.
Aug.
Sept
2/
3/
5/
8
19..
26..
2
99.799
99.772
99-773
99.749
Sept. '9..
Sept. 16..
Sept. 23..
Sept. 30..
99.742
99.743
99.741
99.751
99.751
Oct.
Oct.
Oct.
Oct.
99.756
99.756
99.745
99.746
Nov
Nov
Nov.
Not.
Dec.
Dec.
Dec.
Dec.
Deo.
2,288.2
2,237.3
1,500.6
1,500.5
1,500.3
1,500.5
1,500.2
1,325.3
1,332.1
1,270.9
1,285.4
1,306.8
175.3
168.4
229.4
215.1
193.4
172.7
191.2
79.2
40.0
46.3
1,500.7
1,500.0
1,501.3
1,501.5
1,502.5
19,515.4
19,516.0
19,515.0
19,514.0
19,511.6
92
2,Wt8.7
2,427.8
2,353.5
2,295.7
1,500.9
1,500.8
1,500.8
1,501.0
1,274.6
1,239.2
1,243.6
1,284.7
226.3
261.5
257.2
216.3
29.9
48.8
54.5
221.5
1,502.2
1,500.8
1,501.4
1,502.8
19,510.3
19,510.2
19,509.6
19,507.8
91
91
91
91
91
2,347.1
2,243.1
2,460.6
2,240.6
3,141.4
1,500.2
1,502.4
1,500.2
1,500.2
1,501.9
1,281.8
1,302.3
1,216.5
1,221.6
1,313.2
218.5
200.1
283.8
276.6
188.6
250.9
163.2
38.O
34.7
157.8
1,500.5
1,500.2
1,500.6
1,501.0
1,500.6
19,507.5
19,509.8
19,509.4
19,508.6
19,509.9
91
91
91
91
2,213.3
2,137.1
2,185.1
2,121.5
1,500.3
1,500.0
1,500.3
1,500.2
1,312.4
1,299.7
1,255.2
1,285.9
187.9
200.3
245.1
214.4
260.7
135.8
1,500.5
1,500.3
1,500.5
1,500.2
19,509.6
19,509.4
19,509.2
19,509.2
91
90
91
90
2,184.7
2,215.1
2,116.9
2,126.2
1,500.9
1,500.5
1,500.4
1,499.8
1,293-5
1,251.0
1,252.0
1,276.1
207.4
249.5
248.4
223.8
104.8
II6.3
142.4
172.2
1,500.9
1,500.8
1,500.8
1,501.0
19,509.2
19,509.0
19,508.6
19,507.4
91
91
91
91
91
2,142.5
2,111.5
2,200.4
2,385.9
2,454.6
500.4
500.0
500.6
501.7
1,299.6
1,276.9
1,240.4
1,232.0
1,288.0
200.8
223.0
260.2
269.7
212.9
188.6
140.6
138.5
199-0
143.1
1,500.2
1,502.4
1,500.2
1,500.2
1,501.9
19,507-6
19,505.1
19,505.5
19,507.0
19,506.0
2,199.1
2, 290. It
Oil
.500.9
-
EquiTalent average
rate 2/
.
.
.
7..
14..
21.
28..
4
12
18..
On competitive bids accepted
-
High
Prioe per hundred
Equivalent rate 2/
Price per hundred
(Percent)
Equivalent rate 2/
(Percent)
.613
.613
-613
.653
.653
99.828
99.819
99.812
99-793
.744
.819
797
99.803 4/
99.810
99.7&0 5/
99.783
.779
743
.870
.849
99.795
99.769
99.771
99.745
.811
.904
.906
.998
99.754 6/
99-750 j/
99-752
99.754
99.760
.973
.989
.981
.973
.949
99.738
99.741
99-739
99.749
99.749
1.036
1.025
1.033
99.760 8/
99.767
99.765
99.756
.949
.922
.930
.965
99.753
99.754
99.743
99.743
99.755 2/
99.770
99.775 10/
99.782
.969
.920
.890
.872
99.739
99.764
99.762
99.771
1.033
99.780
99.752
99.750
99.750
99.706
.870
.981
.989
.989
99.735
99.720
99.680
99.661
99.702
1.048
1.108
1.266
1.341
1.179
•
.892
.898
.983
1.022
1.016
1.024
.986
.984
.966
.966
1.009
I.OO6
1.023
.940
26..
2p.
9p.
l6p.
23p.
30p.
99.740
99.725
99.685
99.663
99.703
1.029
I.O87
1.247
1.333
1.175
.
31.3
131.3
99-845 37
99.845
99.845
99.835
99.835
99.741
99.765
99.765
99.776
.
In
exchange
.646
.671
.701
.731
.800
•
931
.897
Bureau of the Public Debt.
Tenders for $200,000 or less from any one bidder are accepted in
full at overage price on competltlTe bide.
Bank discount basis.
Except $20,000 at 99.873.
Eroept $205,000 at 99.825 and $600,000 at 99.810.
Except $150,000 at 99.795.
Source:
i/
5..
12..
99.837
99.830
99.823
99.815
99.798
tured issues
outstanding
after new
issues
On none cxnpe tilt lve basis 1/
Total
(Percent)
1954^July
July
July
July
July
Total unma-
competitive basis
On total bids accepted
Average price
per hundred
Amount
maturing on
issue date
of new
offering
Amount of bids accepted
6J
,
1/
2/
w
•
I.I63 11/
99.83;
Except $100,000 at 99.783, $400,000 at 99.780,
Except $100,000 at 99.760.
Except $570,000 at 99.770.
Except $50,000 at 99.946.
Except $150,000 at 99.785.
Except $482,000 at 99.715.
Preliminary.
.653
.680
.716
.993
.993
.977
.973
1.017
1.017
.944
.942
.916
$235,000 at 99.760.
January /955
19
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Data
subscription
books vers
opened
Date
of
Issue
3/1/52
3/1/52
2/13/52
2/
11/17/52
7/1/52
7/1/52
8/15/52
IO/1/52
IO/1/52
8/15/52
2/2/53
{2/15/53
6/16/52
J
1
8A/52
9/15/52
2/
2/15/53
*/l/53
5/1/53
6/1/53
7/15/53
8/15/53
{9/15/53
19/15/53
10/1/53
1
2/
"k/13/53
5/20/53
7/6/53
8/5/53
9/2/53
2/
10/28/53
11/18/53
2/1/51*
,
n/9/53
{
1
12/1/53
2/15/53
(2/15/5*
1 2/15/5*
5A/5T
5/5/54
7/21/5*
8/3/5*
,
f
1
9/23/5*
2/
11/22/5*
*/l/5*
5/17/5*
5/17/5*
8/2/5*
8/15/5*
8/15/5*
loA/5*
10/1/5*
8/15/5*
12/15/5*
12/15/5*
Description of security
2-3/8* Bond
Treasury Bulletin
20
.DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
21
January Y>11
.UNITED STATES SAVINGS BONDS.
United States eavlnge bonds were first offered In
March 19 35 and began to mature In March I9M5. Series A-D
were sold between March 1935 and the end of April I9U1,
and Series E,
F,
and G were first offered in May 19^1.
When Series E began to mature on May
1,
1951, owners of
details of these changes see "Treasury Bulletin" for
May 1952, page A-l.
Serlee F and G began to mature on
May 1, 1953- For tne exchange offering made to holders
of these bonds maturing through December 31, 1953,
ee
fl
the May 1953 Issue, page A-l.
The Treasury Invited
holders of Series F and
the bonds In cash In accordance with the original terms;
which begin to mature In January
195^ to reinvest the proceeds In other series of sevlngs
to retain them with an extended maturity of 10 years at
bonds.
the matured bonds were offered three options:
To redeem
specified rates of Interest accrual; or to exchange them
for Series 5 bonds.
May
1,
A number of changes became effective
The principal ones were:
1952.
Interest accrual on Series E was Increased,
The rate of
especially for
with corresponding chenges In extended
Serle6 E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond, Series H, similar In Interest
the near term,
return to Series
E,
was offered beginning June 1.
In the tables which follow, Series A-F and J sales
are lnoluded at Issue price and total redemptions and
amounts outstanding at ourrent redemption values.
H,
and K are Included at face value throughout.
Series G,
Matured
bonds whloh have been redeemed are IncludeO In redemptions.
Matured
F and G
bonds outstanding are Included in the
Interest-bearing debt until all bonds of the annual series
have matured, when they are transferred to matured debt
upon which Interest has ceased.
For
Table 1.- Sales and Redemptions by Serie s, Cumulative through November 30, 1954
(Dollar amounts In mllllona)
)
.....
22
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars
Accrued
discount
Sales plus
accrued
discount
Fed empt lone 3/
Series E end H combined
Flecal years:
1941-1947
1948
19*9
1950
1951
1952
1953
1954
46,400
4,026
4,278
3,993
3,272
3,296
it
,061
4,653
Calendar jeare:
1941-1947
1948
19*9
1950
1951
1.8,230
U, 221,
4,208
3,668
3,190
3,575
it, 368
1952
1953
1954 -January
February.
Maroh
485
.
Ii22
It7<t
April
May
June
390
35*
398
July
Auguet.
393
September
»15
367
October.
lor ember.
369
38*
.
Flecal yeara:
1941-1947
1948
1949
1950
1951
1952
1953
1954
Calendar years:
lcAl.191,7
19*8
19*9
1950
1951
1952
1953
Months:
I95I* -January.
February
March
.
.
.
April
May
June
July
Auguet
September.
October.
Nor ember.
1,188
Salee
price 4/
Amount outstanding
Accrued
discount
Interest-bearing
debt
Matured debt
:
:
..
..
.
January 1955
23
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(Id mill lone of dollars)
Accrued
discount
Redemptions 2/ $J
Sales plus
accrued
discount
Sales
price */
Accrued
discount
Amount outstanding (interestbearing debt)
riBcal years:
U6,ltO0
19*1-19*7
19*8
*,026
*,278
3,993
3,272
3,266
3,700
3,988
1,388
633
753
895
1,035
1,111
1,120
1,126
*7,788
*,659
5,032
*,887
*,307
*,377
*,821
5,11*
16,997
3,825
3,530
3,521
*,295
*,008
*,032
*,319
16,799
3,689
3,368
3,326
3,987
3,583
3,532
3,765
*8,230
*,22*
*,208
3,668
3,190
3,393
3,906
1,687
696
818
971
1,080
1,120
1,128
*9,9l8
*,920
5,025
*,639
*,270
*,513
5,03*
18,921
3,728
3,**8
3,912
*,036
*,098
*,1*1
18,661
3,575
3,27*
3,667
3,688
3,622
3,609
392
353
*00
110
81
79
502
*33
*78
369
359
*0*
328
306
3**
April
May
June
331
301
329
75
92
12*
*06
393
*53
358
330
*2*
July
August.
September
306
338
303
110
80
80
*16
*18
38*
October.
November.
301
313
78
95
379
*08
1*9
1950
1951
1952
1953
195*
198
136
162
195
307
*25
500
55*
30,791
31,625
33,127
3*,*9*
3*, 506
3*,875
35,66*
36,*58
Calendar years:
19*1-19*7
»w
19*9
1950
1951
1952
1953
260
15*
17*
2*5
3*8
*76
531
30,997
32,188
33,766
3*,*93
3* ,727
35,1*3
36,036
Months:
195* -January.
February
March
.
Series H
*1
53
36,169
36 ,2U*
60
36,317
308
286
383:
50
*3
*15/
36,366
36,*29
36,*58
385
37*
3*9
3*3
336
*2
36,1189
38
318
31
36,533
36,568
321
336
289
289
33
*6
36,626
36,698
6_/
Fiscal years:
1952
1953
195*
30
30
360
665
30
360
665
6
26
6
26
385
1,02*
16S
*62
132
*62
16
16
181
627
93
69
75
69
75
59
53
6*
6*
913
96*
1,02*
63
87
77
63
1,108
1,181
1,2*0
68
68
70
70
1,30*
1,371
Calendar years
1952
1953
Months
195* -January.
February.
March
April
M«J
July
August. ..
September
October.
HoTember
Source:
.
87
77
Dally Treasury Statement; Bureau of the Public Debt.
718
785
857
93
59
53
Footnotes at end of Table *.
:
. .
,
Treasury Bulletin
2U
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured bonds
Period J/
Total
matured
Series
A-D
For
cash
Unmatured bonds
In exchange
for Series G
and K
Series
F and a
Total
unmatured
Sales
price kf
Accrued
discount
Fiscal years:
779
90
6.*>15
817
792
1,761
2,747
5,840
5,651
5. 074
6,149
987
772
1,015
2,318
February
March ....
704
560
598
April
May
June 5V-
538
510
1951
1952
1953
1954
6,137
5,109
5,621
18
38
702
1,128
1,487
37
694
1,126
1,486
987
522
47
24
250
968
1,328
245
962
1,326
295
347
332
113
153
175
113
153
175
628
260
235
223
138
116
111
September.
693
562
544
210
317
183
October.
Hot ember.
507
510
189
270
31
602 6/
1,241 5/
5,320
4,317
3,860
3,768
4,996
4,046
3,622
3,577
324
271
238
191
967 8/
4,853
4,879
4,059
3,831
4,583
4,571
3,8o6
3,613
270
308
253
217
181
192
155
408
213
266
395
199
249
13
14
138
116
111
120
117
111
278
275
405
262
261
392
16
14
120
lil
87
120
111
87
89
483
205
95
245
361
471
235
352
11
10
9
91
130
91
130
97
139
318
240
308
226
i2
Calendar years:
1950
1951
1952
1953
Months
1Q54 -January
.
.
July
Autfuat
.
Source:
Dally Treasury Statement.
1/ Details by eerlea on a cumulative basis and by perlode for Serlee A-D
combined vlll be found in the February 1952 and previous Issues of the
"Treasury Bulletin.'
2/ Includes exchangee of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning Hay 1952.
Includes both matured and unmatured bonds; see Table k.
Includes total value of redemptions not yet classified betveen matured
and unmatured bonds.
2/ A change In procedure, beginning in June 19N* for processing redeemed
savings bonds has resulted In a high level of redemptions not yet
classified between matured and unmatured bonds. This increase tempo,
17
13
rarlly obsoures the relationship betveen the redemption columns shoving sales price and accrued discount In Tables 2 through k and also
the relationship betveen the matured and unmatured sections of Table k,
(See also footnote h.) The subsequent distribution of this high level
of unclassified redemptions may be large enough in any month to shov
which are greater
redemptions of matured bonds for a serlee in Table
than the total redemptions of that series as shown In Table 3Seles began June 1, 1952.
Comparable data are not available prior to January 1950.
Includes exchanges of Series IQUl 7 and
savings bonds for Treasury
3-1 A* bonds of 1976-63.
Leee than $500,000.
**
January 1955
25
.
Treasury Bulletin
26
.OWNERSHIP OF FEDERAL SECURITIES.
Table I.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities -Guaranteed by the U. S. Government 4/
Interest-bearing securities leaued
by the U. S. Government
End of
fiscal
year
or month
Total
Federal
securities outstanding
1/
1947.
1948.
19*9.
1950.
1951.
258,376
252,366
252,798
257,377
255,251
1952.
1953.
1954.
259,151
266,123
271,341
1953 -Dec
195 It -Jan
Feb
Mar
274,859
270,312
Apr
May
June
271,127
273,555
Held by U. S. Government
investment accounts 2/
Total
outstanding
Public
Issues
32,809
35,761
38,288
37,830
40,958
268,910
275,244
27lt,92lt
271, 341
255, 113
Held by private
Investors ±/
Held by
Federal
Beserve
Banks public
issues
Special
IseueB
Public
marketable
issues
Held by
U.
Public
nonmarketable
Total
outstanding
S.
Government
investment
eccounte
end
Federal
Beserve
Banks 2/ $J
issues
Held by private
investors 3/
Matured
debt
and
debt
bearing
Public
marketable
Ibsuob
Public
nonmarketable
Issues 6/
no
interest
21,872
21,366
19,343
18,331
22,982
200,432
192,936
193,131
199,048
188,911
141,423
133,567
130,417
131,629
111,663
59,010
59,369
62,714
67,419
77,249
83
37
45
69
24
17
27
27
42
11
6,305
27,366
30,211
32,776
32,356
34,653
44,335
47,560
49,340
6,596
7,021
7,111
37,739
40,538
42,229
22,906
24,746
25,037
189,623
191,640
194,533
115,185
119,129
121,771
74,437
72,511
72,762
44
51
80
43
51
80
2,244
2,126
2,351
272,881
48,313
7,116
41,197
25,916
198,652
125,165
73,487
75
74
2,288
272,632
272,536
267,823
48,254
48,291
48,204
7,245
7,221
7,202
41,009
41,070
41,002
24,639
24,509
24,632
199,739
199,735
194,987
126,312
126,335
121,812
73,427
73,400
73,174
74
76
76
74
2,217
2,247
2,413
268,855
271,280
268,910
48,200
48,549
49,340
7,151
7,182
7,111
41,049
41,367
42,229
24,632
24,812
25,037
196,023
197,919
194,533
122,886
124,896
121,771
73,137
73,023
72,762
79
79
80
250,063
250,762
255,209
252,852
256,863
263 ,946
5,443
5,550
5,512
5,474
13
16
27
1
75
75
3,179
2,234
2,012
2,150
2,372
79
80
2,193
2,196
2,351
79
July
271,005
Aug.
Sept
2711,982
2711,838
268,681
276,693
272,440
49,233
49, 511
49,448
7,081
7,032
7,042
42,152
42,479
42,407
24,325
24,023
24,271
195,123
203,159
198,721
122,501
126,529
126,215
72,622
72,630
72,506
26
27
19
26
27
2,305
2,263
2,371
Oct.
Rov.
278,786
278,888
276,400
276,511
49,285
49,430
7,046
7,078
42,238
42,351
24,381
24,888
202,734
202,193
130,284
129,749
72,449
72,444
33
33
32
32
2,353
2,343
Source:
Dally Treasury Statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Beserve System for
securities held by Federal Beserve Banks.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S. Government
agencies whose investments are handled outside the Treasury; excludes
Federal land banks after June 26, 1947, when the proprietary Interest
of the United States In these banks ended.
3_/
kj
5V
6/
•
19
The total amount of interest-bearing securities held by private
investors Is calculated by deducting from the total amount outstanding the amount held by U. S. Government Investment eccounte and
Federal Beserve Banks.
Excludes guaranteed securities held by the Treasury.
All public marketable Issues.
Consists of Commodity Credit Corporation demand obligations steted
as of the close of the previous month.
Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury
1/
(In millions of dollars; negative figures are net sales)
Feb.
*
May
Apr.
-1.6
-.7
-9.5
-2.8
-.5
-20.9
12.0
30.0
-5-7
1941.
1942.
5.8
.3
1343.
1944
1945.
-14.5
-9.9
-67.5
-90.3
-105.1
-48.1
-72.9
-11.5
-5.9
.4
-16.5
-55.6
1946.
1947.
-8.1
-.7
1948.
-.2
176.9
-4.7
106.8
3.3
-61.3
-12.1
1>9.
8.8
-6.6
36.8
-1.8
13.5
261.2
5.1
6.3
482.7
.
195-0.
1951.
1952.
1953.
1954.
l/
.1
22.1
24.6
6.7
8.8
7.0
-4.0
.5
12.9
-22.4
.4
-.2
#
July
Aug
.9
.4
Sept.
-.3
*
-4.4
-.2
1.0
.3
-2.3
-8.4
-4.5
-35.2
-10.0
-34.4
-145.8
20.5
-56.4
-67.8
-18.5
-17.0
-15.8
-19.0
-.2
-2.7
-28.1
-12.5
.4
-338.6
-30.4
-69.8
-359.2
1.1
-157.8
-609.1
5.4
-41.2
-308.1
4.4
-74.1
-123.1
7.2
-123.0
-14.1
-88.4
5.1
3.5
-.1
8.2
3.8
1.1
8.4
-54.7
-1.9
11.4
-2.0
4.6
5.0
.2
4.7
19.9
36.2
-2.9
2.9
35.9
2.8
1.5
1.4
7.9
-21.7
1.9
-45.5
-17.2
1.5
Consists of purchases or sales made by the Treasury of securities
Issued or guaranteed by the U. S. Government for (1) trust funds which
by law are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose Investments are handled through
the facilities of the Treasury Department. It vlll be noted that these
20.1
.4
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-57.6
221.0
-.8
-20.3
696.4
.1
2.8
-1.7
5.8
8.4
11.5
10.7
-3.6
3.5
38.4
-10.0
16.5
17.0
21.1
11.7
-1.1
14.2
.3
-.2
-.1
7.0
29.0
transactions differ from those reflected In Table 1 because they
exclude those Government Investment accounts for which investments
are not handled by the Treasury. Table 2 also Includes purchases
under Section 19 of the Second Liberty Bond Act, as amended
(31 U.S.C. 754 a), and excludes the Exchange Stabilisation Fund.
Less than $50,000.
8.2
.6
8
k
k
5
3
6
8
k
5
3
7
9
k
3
kk
93
5
k
k
3
1
k
7
9
6
k
7
kk
"
k
8
k
k
kk
k
January 1955
27
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/
End of
nonth
-
In billions of dollars)
Held by bonks
Total
Federal
eecurltle
outstanding 2/
Held by private nonbank investors
U. S.
Commerclal
banks
Federal
Reserve
Banks
Individuals 5/
Government
Investment
accounts kj
Insurance
companies
Savings
bonds
Mutual
savings
Corpora
tlons 6/
State and Miscellocal
laneous
governlnvestore
ments 2/
1939-December
V7.6
l8.lt
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
L9ko-June
k8.5
50.9
18.6
19.5
16.1
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.k
.7
17.3
2.5
2.2
.5
.7
55.3
6k.
21.8
23.7
19.7
21.k
2.2
2.3
8.5
9-5
25.0
31.0
11.2
13.6
3.6
5.k
7.6
8.2
7.1
8.2
3.k
3.7
2.0
k.O
.6
.7
.7
.9
77.0
112.5
28.7
26.0
1*1.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
9.1
1*7.3
13.
8.7
10.3
9.2
11.3
3.9
k.5
10.1
Ik.
67.0
81.7
30.9
37.6
19.2
2k.
11.7
12.9
13-1
15.1
5.3
12.9
1.5
16.9
6.1
16.
2.1
3.k
k.k
7.3
8.3
20.0
21.
3.2
k.3
6.1
7.0
December
LOUl-June
Decenber
19^*2
-June
December
1.1
2.3
!t.9
1W.8
59.lt
170.1
71.5
52.2
59-9
7.2
11.5
202.6
232.1
83.3
68.lt
Ik.
77.7
18.8
19.1
21.7
100.2
llk.O
k6.3
96.5
53.3
31.2
36.2
15.1
17.1
17.3
19.6
259.1
278.7
106.0
115.0
8k .2
90.8
21.8
2k.
2k.
27.0
128.2
136.6
59.5
6k.
k0.7
k2.9
18.9
21.
2?.
2k.
9.6
10.7
22.9
22.0
5.3
6.5
9.1
279.8
269.9
259.5
U.6.7
108.2
97.9
93.8
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
6k.
63.
1*3.3
8k. k
7k.
20.8
20.0
20.1
2k.
2k.
6k.2
k3.5
kk.2
11.1
11.5
11.8
19.9
17.7
15.3
6.7
6.5
6.3
8.9
8.6
8.1
258. k
91.9
91-3
70.0
68.7
21.9
22.6
32.8
133.7
131.3
66.k
k5.5
20.9
2k.
65.7
1*6.2
19.
23.9
12.1
12.0
13.9
lk.l
7.1
7.3
9.6
8.k
85.9
85.8
6k .6
62.5
21.
35.8
37.3
130.7
129.7
65.8
65.5
k7.1
k7.8
18.6
17.6
22.8
21.2
12.0
11.5
13.6
23.3
7.8
7.9
8.7
8.9
252.8
257.2
82. it
63.0
66.8
19.3
18.9
38.3
132.2
132.1
66.8
66.3
k8.8
k9.3
18.0
17.0
20.5
20.1
11.6
15.6
85.7
11.
16.8
8.0
8.1
9.6
o.k
950-June
December
257-1*
83.9
82.6
65.6
61.8
18.3
20.8
37.8
39.2
135.6
67.
1*9-9
k9.6
19.8
18.7
11.6
10.9
8.7
66.3
17.6
16.7
18.
13"t.9
951 -June
December
255.3
259.5
81. It
58.
132.9
131.8
65.5
6k.6
k9.1
k9.1
17.1
16.5
10.2
61.6
kl.O
k2.3
16.
85.lt
23.0
23.8
9.8
20.0
20.7
.952 -June
259.2
8k.
61.1
22.9
130.8
6k.
63.
2k.
133. k
6k.6
15.5
15.7
16.1
9-6
9.5
19.1
20.
10.
88.1
k9.0
k9.2
15.
267.it
kk.3
k5.9
266.1
272.7
273.3
273.0
83.6
2k.
k7.6
k7.6
k8.0
k8.0
135.0
136.7
137.5
137.2
65.8
65.5 r
65.2 r
65.2 r
U9.3
1*9.3
16.6
16.2 r
15.9 r
15.9 r
16.0
16.0
16.0
15.9
9-5
9.5
9.5
9.5
18.9
20.2
20.9
20.6
12.0
12.3 r
12.5 r
12.7 T
12.8
13.2
87.8
87.8
58.8
63.5
62.7
62.6
273.5
275.3
275.2
88.1
89.0
89.6
62.8
63-9
63.7
25.3
25.1
25.9
1*8.0
137. "t
138.2
137.3
65.0 r
65.O r
65.O r
k9.2
k9.3
i9.3
15.7 r
15.7 r
15.6 r
15.9
15.9
15.8
9.3
9.3
9.2
21.0
21.7
21.5
12.7 r
12.8 r
12.9 r
13.5
13.5
12.9
27<t.9
6k.l
63.1
60.9
2k.
2k.
1*8.3
137.9
139.0
136.6
6k. 9 r
65.0 r
65.1 r
k9.k
k9.k
k9.k
15.6 r
15.6 r
15.6 r
15.7
15.7
15.6
9.2
9.2
9.2
21.5
22.1
19.7
13.2 r
13.3 r
13.6 r
13-3
13-6
13-5
135.8
136.8
133.3
6k. 7 r
1*9.5
1*9-5
15.2 r
15.5 r
k9.6
Ik. 9 r
15.6
15.5
15.3
9.2
9.2
9.1
19.1
19.5
16.8
13.8 r
lk.l r
lk.3 r
13. *
65.O r
6k. 5 r
6k. 1 r
6k.
r
lk.5 r
lk.3 r
lk.O
15.1
15.1
15.1
9.0
9-0
8.9
16.8 r
18.5 r
18.6
lk.3 r
lk.k r
lk.k
13.it
63.7
k9.6
k9.7
k9.7
13.
63.3
k9.7
lk.l
15.1
8.9
19.1
lk.5
13.7
L91i3-June
Decenber
L9kk -June
December
.9k5-June
December
.9U6-February (Peak)
June
December
•9U7-June
December
.9148-June
December
•9'*9-June
December
December
953-June
Julj
August
September
October
November
December
257.0
252. k
252.9
256.7
88.lt
25.0
25.1
25.2
3k.
39.
k8.2
k8.3
February
March
27k. 9
270.3
88.8
87.6
85.5
2k.6
k8.3
k8.2
April
Kay
June
271.1
273.6
271.3
87.1
88.2
88.7
62.5
2k .6
1*8.2
63.
2k.
1*8.5
63.6
25.0
*9.3
July
August
September
271.0
275.0
27k.8
89.1
91.1
6k.
k9.2
*9.5
91.lt
67.O
67.1
2k.
2k.
2k.
1*9.
132.6
13k. k
13k.
October p
278.8
9lt.l>
70.0
2k.
"*9-3
135.1
•95k-January
United States savings bonds, Series A-F and J, are Included at current
redemption Talue.
Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
Consists of commercial banks, trust companies, and stock savings
banks In the United States and in Territories and Island possessions.
Figures exclude securities held in trust departments.
Holdings by Federal land banks are Included tinder "Miscellaneous
lnvestore" Instead of "U. S. Government Investment accounts" after
June 26, 19k7, vhen the proprietary Interest of the United States In
these banks ended.
Includes partnerships and personal trust accounts, nonprofit inatltu-
1/
8/
It9.3
1*9-3
15.5
2k.9
Ik.
8.3
10.5
19.7
9.k
10.7
9.6
11.1
11.6
11.7
13.
13.3
13.5
13.it
13.3
tlons and corporate pension trust funds are Included under "Miscellaneous Investors.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, and investments of
foreign balances and international accounts in this country. Beginning December 19^. includes Investments by the International Bank for
Reconstruction and Development and the International Monetary Fund In
special nonlnterest -bearing notes issued by the U. S. Government.
Preliminary.
Revised.
.
Treasury Bulletit
2S
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 195^.
The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank olasees and nonraember banks are published for June JO
and Deoember 31. Holdings by corporate pension trust fundi
Data were first published for
the United States.
March 31, 19 *!, In the May I9U1 "Treasury Bulletin."
are published quarterly and first appeared In the March 195V
Bulletin for quarters beginning December 31, 19ty.
Distribution of ownership by types of banks and lnsur-'
anoe companies Is published each month. Holdings by commer-j
clal banks distributed according to Federal Reserve member-i
1
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values
-
In millions of dollars)
Held by Investors covered In Treasury Survey
Total
amount
outstand-
Classification
ing 1/
Insurance companies
525
mutual
savings
banks 2/
313
life
61,999
2,179
6,965
1,921
5,499
3,419
4,687
64,177
8,886
8,918
5,547
6,935
commercial
banks 2/ 3/
597 fire,
casualty,
and marine
S. Government
Investment
accounts and
Federal Beserve
Banks
U.
y
Interest-bearing securities:
Publl c marketable
Public nonmarketable ^/
Special Issues
158,180
76,014
Total Interest-bearing securities
276,li32
1>2,238
Matured debt and debt bearing no Interest 6/.
27,861.
51,167
3,564
42,238
6l»,071
73,666
115,238
2,353
Total securities Issued or guaranteed by the
U. S. Government jj
278,786
Footnotes at sod of Section II.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values
-
In millions of dollars)
Held by investors covered In Treasury Survey
Total
amount
outstand-
Classification
ing
6,935
commercial
banks 2/ 2/
525
mutual
savings
banks 2/
Insurance companies
597 fire,
casualty,
and marine
313
life
U. S. Government
Investment
accounts and
Federal Reserve
Banks
V
Type of security:
Issued by D. S. Government:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds - bank eligible
Treasury bonds - bank restricted 8/.
Postal savings and Panama Canal bonds .
Guaranteed by U. S. Government J_/
,
,
.
Total
,
,
19,509
18,184
36,188
75,515
8,669
85
4,890
4,035
14,214
38,615
,811.
218
770
73
52
1.53
248
70
3,830
1,137
1
115
151
691
3,423
307
1
1,722
6,604
13,107
5,357
1,063
12,256
7,340
7,857
18,472
5,174
62
33
13
13
158,180
61,999
6,965
5,499
4,687
27,864
51,167
63,052
42,636
30,919
19,93*
19,7>»7
23,500
16,242
2,437
259
1,014
3,023
2,555
467
373
1,534
3,000
704
1,612
1,633
708
15,733
7,083
1,964
2,940
26,143
9,053
6,523
1,606
58
108
118
30
144
1,148
9
1
5
Call classes:
Due or first becoming callable:
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Over 20 years
Various (Federal Housing Administration
debentures )
8,291.
33
13
7
7
158,180
61,999
6,965
5,1*99
4,687
27,864
51,167
Wholly exempt from Federal Income taxes
Partially exempt from Federal Income taxes..
Subject to Federal Income taxes 10/
85
5,997
152,098
1
4,983
57,002
5
195
4,491
9
12
6,960
2
5,497
27,843
62
799
50,306
Total
158,180
61,999
6,965
5,499
4,687
27,864
51,167
Total
Tax status:
2/
Footnote* at end of Section II.
13
29
January 1955
.
Section
I
-
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, I95U.
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
-
In ml 111 one of dollars)
3°
treasury Jiulletin
)
muary 1955
31
.TREASURY SURVEY OF OWNERSHIP, OCTOBER 31,
Section
-
II
195!*.
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values
-
In millions of dollars)
Bold by Investors covered In Treasury Survey
Isbus
(Tax Status
9_/
lB
shown In parentheses)
Total
amount
outstanding
Insurance companies
525
6,935
commercial
banks 2/ 3/
mutual
savings
banks 2/
313
life
597 fire,
casualty,
and marine
U. S. Government
Investment
accounts and
Federal Reserve
Banks
Held by
all other
Investors
y
Federal Intermediate credit banks:
Debentures
(
taxable
352
au
7>t8
359
ItO
21
20
1»0
30
13
17
7
72
37
60
119
27
6k
31
53
179
91
8U
Central Bank for Cooperatives:
2-1/8* Fsbruary
1-1/2 June
2
June
Total Central
1955 (Debentures ) . . ( taxable
1955 (Debentures)... (taxable)
1957 (Debentures). .(taxable)
.
.
Bnr'r
for Cooperatives securities.
Federal home loan banks:
1.30*
1-lA
January
March
13/
1955 (lotes)
1955 (Botes)
(taxable)
(taxable)
Total Federal hone loan bank securities.
Federal land banks:
2-1/2* November
2-1/2 November
2-3/lt February
1-3/1*
2-5/8
2-3A
2-l/lt
2-lA
Ik/
2/
3_/
h/
2/
6/
if
8/
2/
18
38
16
6
13
It
39
51
Uk
3
1
2
19
3U
1*6
33
260
(taxable)
(taxable)
(taxable)
71
101
76
kk
October
May
May
1955-57 (Bonds)
(Bonds)
1956
(Bonds)
1958
(taxable)
(taxable)
(taxable)
215
229
131
167
156
71
8
11
May
February
1959
i960
(Bonds)
(Bonds)
(taxable)
(taxable)
71
U6
5
121*
85
1,017
676
1
1
Total Federal land bank securities
1/
3
2
2
6
7
k
195 * (Bonds)
195 * (Bonds)
1955 (Bonds)
Includes certain obligations not subject to statutory debt limitation.
For amount subject to limitation, see page 1.
Excludes trust departments.
Includes trust companies and, beginning with figures for July 19^9,
Previously, these banks were
also Includes stock savings bants.
reported as a separate classification.
Includes those banks and Insurance companies not reporting In the
Treasury Survey.
United States savings bonds, Series E, F, and J, are shown at current
redemption value. They were reported at maturity value by the banks
wnH insurance companies Included in the Treasury Survey but have been
adjusted to current redemption value for use In this statement.
Holdings by reporting agencies not available.
Excludes guaranteed securities held by the Treasury.
Issues which commercial banks may not acquire prior to specified dates
(with minor exceptions h for definition, see "Debt Outstanding and
Treasurer's Acoount," Table 2, footnote 1. The last of the bank restricted issues were made bank eligible effective January 1, 1955Federal securities fall into three broad classes with respect to the
53
3'
10/
n/
12/
1^/
\kf
*
imposition of Federal Income taxes on income derived from them.
"Wholly" tax-exempt securities are those with the Income exempt
from both normal tax and surtax. "Partially" tax-exempt securities
are those with the income exempt from the normal tax except that in
the case of partially tax-exempt Treasury bonds, interest derived
from $5,000 of principal amount owned by any one holder is also
exempt from the surtax. "Taxable" securities are those with the
Income subject to normal tax and surtax.
Includes Federal Housing Administration debentures; see footnote 11.
A iw. indeterminate amount of those debentures is partially taxexempt.
Includes $116.6 million depositary bonds held by commercial banks
not included In the Treasury Survey.
The proprietary interest of the United States in these banks ended
In July 1951.
Excludes issues completely held by Farm Credit Administration
agencies. The pro pri etary Interest of the United States In these
banks ended In June 19 Vf.
Less than $500,000.
.
Treasury Bulletin
32
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 195U.
Current market quotations shown here are over-the-
public marketable securities Issued by the United States
counter closing bid quotations In the New York market
ae reported to
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
Government are excluded beoause they are not regularly
The securities listed Include all regularly quoted
quoted In the market.
for the last trading day of the month,
Table 1.- Treasury Bills (Taxable)
Amount
)
limitary 1955
33
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 195U.
Table 3.- Other Taxable Issues
-
(Continued)
(Price decimals are 32nda)
Price range since first traded
Amount
outstanding
Billions
Description
Treasury bonds
$2,961
1,888
3,819
2-1/2*
2-1/2
2-1/2
-
-
-
-
bank restricted:
3/15/66-71
6/15/67-72 8/
12/15/67-72 8/
Change
from
last
month
To
maturity
-.23
-.22
-.22
2.57*
2.57
2.57
Change
from
last
month
Issue
date
High
10/
98.31
98.31
98.31
+.05
12/lM
+ .05
+ .05
6/l/4 5
11/15/45
totnotes at end of Table U.
Table 4.- Partially Tax-Exempt Bonds
(Price decimals are 32nde)
Amount
5_/
107.22
106.16
106.16
4/6/46
4/6/46
lt/6/46
90.16
89.30
89.30
6/1/53
6/1/53
6/1/53
Treasury Bulleti
3*
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 19J4.
,
35
January 1955
AVERSE YIELDS OF LONG-TErM BONDS.
Table I.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Taxable
Treasury
bonds
1/2/
Moody'a Aa
corporate
bonds
37
Taxable
Treasury
bonds
Moody's Ana
corporate
bonds
1/2/
37
Taxable Treasury bonds
due or callable - ^J
From 12 to
20 years
20 years
and after
Moody's Aaa
corporate
bonds
37
36
treasury hulleth
.AVKR/CE YIELDS OF LONG-TEUI BONDS.
r
...
r
'
January 195?
37
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousand 8 of dollars)
Individual Income tax and employment taxes
Budget
receipts
from
Internal
revenue
Adjustment of
collections
to budget
receipts 1/
Total
collections
reported by
Internal
Revenue
Service 2/
1947
1948
1949
1950
1951
39,379,409
41,853,485
40,307,285
39,448,607
51,106,095
+271,023
-11,057
-155,840
+491,475
+660,409
39,108,386
41,864,542
40,463,125
38,957,132
50,445,686
9,676,459
10,174,410
11,553,669
10,854,351
14,387,569
21,367,662
23,379,123
20,527,935
19,797,883
26,624,788
1952
1953
1954
65,63 ', 894
70,170,974 5/
70,299,652
+625,308
+484,439
+379,661
65,009,586
69,686,535
69,919,991
21,466,910
21,594,515
21,546,322
1954-January..
February.
March....
6,225,^80
12,819,540
+377,651
-2,060,985
+1,520,588
4,430,362
8,286,465
11,298,952
April....
May
June
3,725,337
4,822,756
10,957,908
+49,422
-1,739,559
+1,838,364
July 6/..
2,849,431
4,633,990
5,115,671
-883
August. .
September
+615
October.
2,699,749
Fiscal year
or month
1
V, 808, 013
Corporation
income and
profits
taxes
Individual
Income tax
not withheld 37
Individual
Income tax
withheld 4/
Old-age
insurance
taxes 4/
Railroad
retirement
Unemployment
Insurance
9,501,015
9,464,204
7,996,320
7,264,332
9,907,539
9,842,282
11,533,577
10,055,502
9,888,976
13,089,770
1,458,934
1,612,721
1,687,151
1,873,401
2,810,749 r
185,876
208,508
226,228
223,135
236,952
33,738,370
37,254,619
37,921,314
11,345,060
11,403,942
10,736,578
17,929,047
21,132,275
22,076,329
3,584,025
3,816,252 r
4,219,304
379,555
560,113
562,734
548,038
579,778
620,622
628,969
605,221
445,246
401,136
7,353,717
3,524,343
6,483,044
3,196,360
2,371,889
1,050,976
2,697,997
1,114,675
5,191,642
401,828
3,651
57,235
91,159
34,128
183,190
5,377
3,675,915
6,562,315
9,119,544
647,123
358,942
6,918,003
2,455,607
4,787,699
1,567,230
757,627
139,189
1,362,012
1,686,503
4,559,319
146,063
6,601
61,762
68,465
4,876
27,429
-9,310
-64
2,850,314
4,633,375
5,115,735
532,281
299,945
1,103,940
1,528,001
3,505,481
3,173,096
252,145
93,008
1,429,465
1,252,385
3,320,589
1,696,174
19,588
76,043
46,871
3,884
15,841
586
-335
2,700,084
360,516
1,489,029
199,101
1,265,005
21,010
3,912
259,616
273,182
283,882
Miscellaneous Inte rnal revenue
Flecal year
or month
Total
miscellaneous
Internal
revenue 2/
1947
1948
1949
1950
1951
8,064,265
8,311,009
8,381,521
8,304,898
9,433,329
1952
1953
1954
Capital
stock
tax 1/
Excise taxes
Estate and
gift taxes
Total
excise
taxes 2/
Alcohol
taxes 2/
Tobacco
taxes
Stamp
taxes
Manuf ac turers
and retailers'
excise taxes
Miscellaneous
taxes 2/
779,291
899,345
796,538
706,227 r
729,730
7,283,376
7,409,941
7,578,846
7,598,405
8,703,599
2,474,762
2,255,327
2,210,607
2,219,202
2,546,808
1,237,768
1,300,280
1,321,875
1,328,464
1,380,396
79,978
79,466
72,828
84,648
93,107
1,939,621
2,119,157
2,220,744
2,245,182
2,840,690
1,551,245
1,655,711
1,752,792
1,720,908
1,842,598
9,804,305
10,837,401
10,452,354
833,147
891,284
935,122
8,971,158
9,946,116
9,517,233
2,549,120
2,780,925
2,783,032
1,565,162
1,654,911
1,580,229
84,995
90,319
90,000
2,824,409
3,358,797
3,126,594
1,947,472
2,061,164
1,937,399
460,772
1,402,286
748,875
65,454
85,813
119,423
395,319
1,316,473
629,452
165,610
181,402
223,896
123,405
110,993
134,778
11,895
5,933
6,128
45,184
757,495
60,201
49,224
260,650
204,447
573,185
1,415,674
634,311
96,470
73,088
73,044
476,715
1,342,586
561,267
222,619
222,478
246,434
129 ,854
130,468
147,007
6,138
10,876
6,176
49,751
727,016
10,859
68,353
251,747
150,791
July 6/..
August . .
September
790,031
827,948
838,700
7,323
12,302
12,664
37,724
692,124
3,120
850,539
225,528
207,282
249,542
273,069
122,532
141,200
137,033
October.
76,597
63,232
72,305
64,809
133,597
6,785
41,663
88,690
231,909
106,479
55,731
1954-January..
February.
March....
April
May
June
1,597
1,723
6,138
266
713,435 8/
764,716
766,395
785,730
Source:
Internal Revenue Service reports for detail of collections by type
of tax; Dally Treasury Statement for budget receipts from internal
revenue through the fiscal year 1952, and the new "Monthly Statement
of Receipts and Expenditures of the United StateB Government" for
receipts thereafter. Certain detail by type of tax la available only
on the basis of returns filed with the Internal Revenue Service.
1/ Differences between the amounts of Internal revenue reported by the
Internal Revenue Service as collections for given periods and the
amounts reported in Treasury statements as budget receipts for the
same periods arise because of differences In the time when payments
are included in the respective reports. Tax payments are included In
budget receipts when they are reported as credits to the account of
the Treasurer of the United States.
Prior to July 1954, they were
included In Internal Revenue Service collection reports after the
returns to which they applied had been received In Internal revenue
offices.
Under procedure begun In 1950 with withheld income tax
and old-age insurance taxes and later extended to railroad retirement
taxes and many excises, these taxes are paid currently into Treasury
depositaries and the depositary receipts, as evidence of such payment,
are attached to quarterly returns to the Internal Revenue Service.
Under this procedure, the payments are included In budget receipts in
the month in which the depositary receipts are issued to the taxpayers.
Revised accounting procedures effective July 1, 1954, extended the
eame practice to Internal Revenue Service collection reports.
Figures in this column have been revised in accordance with changes
Indicated in footnote 2.
2/
1/
4/
5V
6/
jj
8/
r
Figures In this column have been revised to include collections for
credit to certain trust accounts for Island possessions, as reported
by the Internal Revenue Service.
Monthly figures include old-age Insurance tax on self- employment
Income, which is levied and collected as part of the Individual income
tax beginning with the taxable year 1951. Fiscal year figures exclude
this tax, on the basis of estijnates beginning 1952 (see footnote 4),
and it is Included under "Old-age Insurance taxes."
Withheld income tax and old-age Insurance taxes on employers and employees are paid into the Treasury in combined amounts beginning
January 1951. In Internal Revenue Service reports, current collections have not been separated as to type of tax but the breakdown
shown for fiscal years beginning 1951 is based on estimates made In
accordance with provisions of Sec. 109 (a) (2) of the Social Security
Act Amendments of 1950, for appropriations to the Federal Old-Age and
Survivors Insurance Trust Fund.
Hew reporting basis beginning with the fiscal year 1953; for explanation, see footnote on page 1.
Beginning July 1954, collections shown include undistributed depositary receipts. For the amount of such receipts, see Table 2.
Repealed for yeare ending after June 30, 1945. Beginning 1951,
Included under "Miscellaneous taxes."
Beginning July 1954, total includes the whole amount of undistributed
depositary receipts for excise taxes.
Revised.
Treasury Bulletin
38
-INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1940
'42
'44
'46
e
)
,
39
'January 1955
.INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(In thousands of dollars)
First 1* months of
fiscal year
Fiscal year
Type of tax
1951*
1953
21,59l*,515
Corporation Income and profits taxes 1/
19514
21,51*6,322
3,221,71*3
Individual income tax and employment taxes:
Income tax not vlthheln 2/.
Income tax vlthheln and old-age Insurance:
Received vith returns
Undistributed depositary receipts 4/
Railroad retirement!
Received with returns
Undistributed depositary receipts 4/.
Unemployment Insurance
•.
Total individual Income tax and employment taxes
Miscellaneous internal revenue:
Estate tax
Gift tax
Excise taxes:
Alcohol taxes:
Distilled epirits (imported, excise)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
of stills (special taxes)
Stamps for distilled Bplrits intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors
Brevers; dealers in malt liquors (special
2,125, 1*73
8,1*73,002
628,969
605,221
161,516
273,182
283,882
2l*,l86
37,254,619
37,921,311*
10,784,177
784,590
863,3l4l4
299,327
106,6911
71,778
>*,137
230,566
78,205
1,61*3, 06l4r
26,8I»5
2*>,951r
3,956
76,579
714,527
U,152
manufacturers
export
in bond
16,272
24
1,020
13 ,3ll9
taxes)
Tobacco taxes:
Cigars ( large
Cigars (small)
Cigarettes (large)
Cigarettes (snail)
Snuff
Tobacco (chevlng and smoking)
Cigarette papers and tubes...
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
Stamp taxes:
Bonds, issues and transfers of capital stock, deeds of
conveyance, etc
Playing cards
Silver bullion sales or transfers
Total stamp taxes
Manufacturere 1 excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles.
Parts and accessories for automobiles
Electric, gas, and oil appliances.
Electric light bulbs and tube
Radio sete, phonographs, television sete, components,
etc
Phonograph records
Musical instruments
Mechanical refrigerators, air-condltionerB, quickfreeze unite, etc
Matches
Business and store machines............
Photographic apparatus
Sporting goods
Firearms, shells, snd cartridges
Pistols and revolvers
Mechanical pencils, pens, and lighters
Total manufacturers' excise taxes
10,9146,578
26,085,633
204,794
l,64l,933r
Total aloohol taxes
Footnotes at end of table.
11,603,942
24, 7148,526
±J
27,956
762,983
5,215
2,780,92 5»"
l»6,277
49
7
1,586,775
3,821
17,244
717
l6,l427r
31
1,088
13,013
306
769,771*
5,U2r
2,783,012r
1*5,576
42
5
1,513, 73 4
3,925
16,21*9
695
1
19
1,6511,911
1,580,229
82,6140
83,035
7,582
6,91*1
97
21*
90,319
90,000
73,321
890,679
68,441
835,610
152,07?
180,0147
210,032
785,716
177,921*
113,390
11*9,911*
867,1*82
135,21*8
97,1*15
36,6814
35,390
159,3&3
7,617
135,535
8,1*1*5
11,01*8
9,191
87,1*214
75,059
9,373
8,950
50,259
1*8,992
983
11,938
25,196
12,766
10,266
975
10,885
2,862,788
2,688,262
29,1*01
15,81*5
32,11*8
t
Treasury Bulletin
1+0
•INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(Continued)
(In thousands of dollars)
Flret 1* months of
fiscal year
Piecal year
Fourth month of
fiscal year
Type of tax
195*
1953
Miscellaneous Internal revenue
-
195"*
1955
195"»
(October 1953)
1955
(October 1951*)
(Continued )
Excise taxes - (Continued)
Retailers 1 :
Furs
Jewelry
Luggage
Toilet preparations
Total retailers' excise taxes
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities....
Local telephone service
Transportation of oil by pipe line
Transportation of persona, etc
Transportation of property
Leasss of safe-depoelt boxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and Initiation fees
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and process or renovated butter, and
filled cheese
Narcotics, Including marihuana and special taxes
Coconut and other vegetable oils processed
National Firearms Act
Diesel oil 5/
Wagering taxes
All other, Including repealed taxes not shown
separately
Total miscellaneous taxes
Total excise taxes
Received with returns and from sale of stamps
Undistributed depositary receipts h/
Total miscellaneous internal revenue
Total collections reported by Internal Revenue Service
Adjustment to budget receipts 6/
Budget receipts from Internal revenue jj
"•9,923
23"i,659
95,750
115,677
1*96,009
4,1*20
"•,610
"•5,920
110,11*9
2"*,53"»
38,969
15,309
20,5&0
8,201*
"•,356
1*38,332
93,170
79,278
28,906
15,361*
179
3,706
2,327
2,279
2,702
18,105
73,885
13,01*2
19,706
1*17,91*0
1*12,508
357,933
28,378
287,1*08
21*6,180
itl9,60l»
396,519
9,318
271,952
38,312
31,978
3,227r
lU,6l6r
103,712
88,698
5,671
55,669
92,756
2,668
80, 811*
10,376
8,975
2,562
12,302
81*, 625
359,"'T3
78,130
30,106
10,368
312,831
1*6,691
36,829
3, ">U
16,505
821
39,036
209,256
79,891
6
7
15,091
10,1*75
61*7
2,06l,l61*r
l,937,399r
9,9"»6,ll6r
9,517,233*
5,"t7"»
781*
6,605
2,01*2
1,711*
2,770
2l*,135
16,"*73
1,599
859
10,285
2,795
3,859
238
32,1*37
3,"*"H
3,87".
235
359
31*6
2,155 r
61*9
10
7,365
2,008
3,827
2,8ltl
812
1
62
185
1
987
667
1.53
3,976
118
5,057
3"t5
5,o62r
5
it,
3,505
2,1*3**
10,829
7,"*22
2,761*
1*,980
2
12
918
l6,266r
8
19,056
9,558
929
17,983r
78,352
12,953
50,153
132,617
It, 770
38,665
12,351
15,809
1,931
13,298
l*91,587r
2,767,21*1
12
361
1*82,810
2,786,298
62
*
82,li26 r
608,301
510,81*5
27l*,885
21*3,978
10,837,l*Olr
10,l*52,35"tr
3,070,70i*r
3,307,218
69,686, 535r
69,919,991r
17,076, 62 l*r
15,299,508
+J*8l*,l»39r
+379,66lr
+378,035r
-667
70,170,97"*
Source: Internal Revenue Service reports for detail of collections by type
of tax; Dally Treasury Statement for budget receipts from Internal
revenue through the fiscal year 1952, and the new "Monthly Statement of
Receipts and Expenditures of the United States Government" for receipts
thereafter. Certain detail by type of tax is available only on the
basis of returns filed with the Internal Revenue Service. Figures as
shown have been revised to Include collections for credit to certain
trust accounts for Island possessions.
1/ Includes excess profits taxes on Army and Navy contracts imposed by the
Vinson Act as amended (3"* U.S.C. 1*96), and income tax on business income
of exempt organizations imposed by the Revenue Act of 1951. approved
'
October 20, 1951.
2/ Includes old-age Insurance tax on self -employment Income, Imposed by the
Social Security Act Amendments of 1950 (Public Low 731*), approved
August 28, 1950. The tax is levied and collected as part of the
individual income tax beginning with the taxable year 1951. For estimated
fiscal year breakdown, see Table 1.
37 Beginning January 1951, withheld Income tax and social security employment taxes on employers and employees are paid Into the Treasury
in
17,"*5"t,659
70,299,652
kj
6/
2/
*
r
70lt,5l*2r
850,539
r
2,700,081*
-120,171* r
-335
3,202,81*1*
3,082,670
2,699,71*9
combined amounts, pursuant to the Social Security Act Amendments
of 1950. For estimated fiscal year breakdown, see Table 1.
Under revised accounting procedures effective July 1, I95I*, tax
payments made to banks under the depositary receipts system are
included in Internal Revenue Service reports of collections in the
month
which the depositary receipts are Issued Instead of the
month in which tax returns supported by the depositary receipts
are received in Internal revenue offices, as was the previous
practice. The "Undistributed depositary receipts" Included in
the collections represent the amount of depositary receipts Issued
during the period less the amount received with returns. In the
case of excise taxes, it is not possible to classify the depositary
receipts by type of tax until the returns are received. Accordingly, the amount of such undistributed depositary receipts is
Included only in the total of excise taxes.
Applies to dlesel oil used In highway vehicles.
See Table 1, footnote 1.
New reporting basis; for explanation, see footnote on page 1.
Lees than $500.
Revised.
m
5_/
15,298,81*1
55,731
. ....
.
January 1955
in
.MONETABY STATISTICS.
Table 1.- Money in Circulation
(In ml 111 one of dollars except ee noted)
Paper money
End of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
1947
1948
19*9
1950
1951
27,l>93
27,156
27,809
26,9U2
26,482
26,034
25,66l
26,231
1952
1953
1954
29,026
30,125
29,922
1953-December.
19^1* -January.
April
May
June
28,297
27,903
Cold
certificates
2/
Silver
certificates
48
Treasury
notee
of 1890
1/
United
States
notes
Federal
Reserve
notee
Federal
Peserve
Bank
notes
y
National
bank
notes
y
39
2,061
2,061
2,061
2,177
2,092
320
321
319
321
318
23,999
23,600
23,209
22,760
23,456
27,348
28,359
28,127
38
37
35
2,088
2,122
2,135
318
318
320
24,605
25,609
25,385
30,781
28,968
36
2,100
316
26,253
190
72
29,981
29,904
29,707
28,206
28,134
27,931
36
36
36
2,017
2,041
2,070
306
309
312
25,587
25,490
25,257
I87
186
185
71
71
71
29,735
29,870
29,922
27,951
28,083
28,127
36
36
35
2,107
2,135
2,135
315
321
320
25,239
25,338
25,385
183
180
70
70
70
Julj
August
September.
29,892
29,929
29,985
28,099
28,129
28,174
35
35
35
2,122
2,137
2,160
316
319
319
25,377
25,390
25,413
179
177
175
69
69
October. ...
November p.
30,074
28,255
28,659
35
35
2,169
2,171
320
320
25,487
25,891
174
173
February
March
.
.
End of fiscal
year or month
30,1*92
45
43
41
406
353
309
106
99
93
86
31
274
243
221
200
77
73
70
ISO
182
70
69
69
Money In
circulation
per capita
(in dollars) 5/
Total
coin
Standard
silver
dollars
Subsidiary
silver
1948
1949
1950
1951
1,355
1,421
1,459
1,496
1,578
148
156
164
170
180
876
919
940
965
1,020
331
346
355
361
378
196.33
190.31
184.33
179.03
180.17
1952
1953
1954
1,678
1,766
1,795
191
202
212
1,093
1,150
1,165
393
419
184.90
188.72
184.23
1,812
210
1,179
424
191.06
1,775
1,769
1,776
208
209
209
1,149
1,146
1,152
418
416
416
185.84
185.12
183.65
1,783
1,787
1,795
209
210
212
1,158
1,160
1,165
417
417
419
183.58
184.17
184.23
1,793
1,801
1,811
213
214
215
1,161
1,165
1,172
419
421
423
183.76
183.68
183.72
1,819
1,833
216
216
1,179
1,189
424
183.97
186.27
1947
1953-December.
.
1954 -January.
.
.
.
.
February
March
April
May
Juns
July
August
September
.
October. . .
November p.
Source: Circulation Statement of United States Money.
1/ Excludes money held by the Treasury, money held by or for the account
of the Federal Peserve Banks and agents, and coin estimated to be
held outside the continental Unite of ths United States.
Includee
paper currency held outside the continental lljnlta of the United States.
2/ Gold certificates were withdrawn from circulation In 1933.
3_/
4/
'jj
p
Minor
coin
1.13
Treasury notes of 189O In circulation are being canceled and retired upon receipt by the Treasury.
Federal Peserve Bank notee and national bank notes are covered by
deposits of lawful money and are In process of retirement.
Based on latest population estimates by the Bureau of the Census.
Preliminary.
9
.......
.
5
Treasury Bulletin
k2
.
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounta in millions)
Gold
End of fiscal
year or month
19*7
19*8
19*9
1950
1951
1952
1953
195*
($3? per
fine ounce)
Silver
($1.29* per
fine ounce)
21,266.5
23,532.5
2*,*66.3
Ratio of silver
to gold and
silver in
monetary stocks
( in
percent)
lit. 2
21,755.9
3,525-7
3,571.0
3,618-3
3,671.5
3,718.5
12.9
13.2
1*.6
23,3*6.5
22,*62.8
21,927.0
3,768.5
3,8l*.3
3,863.1
13-9
1*.5
15.0
1953 -nec ember.
22,029-5
3,837.0
1*.8
19 5* -January.
21,956.0
21,957.9
21,965.2
3,8*0.*
3,8*3.6
3,8*8.0
1*.9
1*.9
1*.9
April
May
June
21,969.0
21,973-1
21,927.0
3,850.6
3,863.1
1*.9
1*.9
15.0
July
August
September
21,907.7
21,809.3
21,810.1
3,867.6
3,870.2
3,875.6
15.0
15.1
15.1
October.
November.
21,759-0
21,709.9
3,878.8
3,882.5
15.1
15.2
2lt,230.7
February
March
.
.
.
Source: Circulation Statement of United States Money,
silver monetary stock see Table *.
3, 85*.
13-2
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In minions of dollars)
Liabilities:
End of calendar year or month
Gold assets
Gold certificates,
Belance of gold In
Treasurer's account
etc. 1/
19*7
19*9
1950
1951
22,753.9
2* ,2*3.
2*,*27.1
22,706.1
22,695.5
21,700.0
23,166.0
23,373.9
21,653-5
21,662.5
1,053-9
1,077.9
1,053-2
1,052.6
1,032-9
1952
1953
23,187.1
22,029.5
22,178.8
21,5*5.7
1,008.2
*83-7
21,956.0
21,957.9
21,965.2
21,*66.1
21,*6l.5
21,*69.8
*89.9
*96.*
*95-*
21,969.0
21,973.1
21,927.0
21,*75.0
21,*8*.2
21,*30.0
*9*.0
*88.8
*97.0
July
August.
September
21,907.7
21,809.3
21,810.1
21,*11.3
21,308.7
21,320.6
*96.*
500.6
*89.5
October.
November.
21,759.0
21,709.9
21,270.2
21,221.1
*88.8
*88.8
19*8
195* -January.
February
March
.
.
April
May
June
.
.
.
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and In Federal Reserve
Banks: (2) gold certificate credits in (a) the gold certificate fund -
Board of Governors, Federal Reserve System, and (b) the redemption
fund - Federal Reserve notes; and (c) reserve of $156.0 million against
United States notes and Treaaury notes of 1890.
)
^
January 1955
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars
Treasury Bulletin
1*4
.MONETARY STATISTICS.
Table 5.- Seigniorage on Silver
(Cumulative from January 1, 1935
-
In millions of dollars)
^5
January 1955
.CAPITAL MOVEMENTS.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
1934, Executive Order IOO33 of February S, 19^9. and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
reported monthly, and Is published regularly
Supplementary Information Is
In the "Treasury Bulletin."
published at less frequent Intervals. Reports by banks,
countries
Is
securities brokers and dealers, and Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
bankers,
consolidated figures to the Treasury.
Beginning April 195^.
data reported by banks In the Territories and possessions
by periods and by countries and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data which appear
The five tables Included In
at less frequent Intervale.
this section, under the revised presentation begun In the
June 195^ Issue of the Bulletin, and the dates of their
publication are as follows:
Table 1.-
Short-term foreign liabilities and claims
reported by nonflnanolal concerns
quarterly beginning July 195 *
1
-
-
published
previously
published October 19^9 and 195O, July 1951, 1952,
and 1953.
of the United States are Included In the published data.
Long-term foreign liabilities and olalms
reported by banks and bankers - published quarterly
beginning June 195 * - previously published December
Table 2.The term "foreigner"
as used In these reports covers
all Institutions and Individuals domiciled outside the
the
United States and Its Territories and possessions,
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
"Short-term" refers to original maturities
of one year or less,
Table 3.-
and 1553-
Estimated gold and short-term dollar re-
sources of foreign countries - beginning June 195 *.
1
published quarterly.
and "long-term" refers to all other
maturities.
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 195
*
1
Issue of the "Treasury Bulletin,"
As a result of changes In presentation
introduced In that Issue, not all breakdowns previously
pages
1
19^9 and 1950, June 1951, 1952.
't5-'+7.
published will be exactly comparable to those now presented.
Table 4.- Foreign credit and debit balances in
brokerage accounts - published semiannually
beginning September 195 * - published as part of
1
regular monthly series through May 195^Table 5--
Short-term liabilities to foreigners In
countries and areas not regularly reported separately
The first three sections which follow are published
monthly. They provide summaries of the principal data
by banking Institutions - published annually
April 1950.
since
7
8
9
.. .
7
6
8
2
9
3
3
.
.
6
86
5
.
Treasury Bulletin
U6
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States
Analysis of net capital movement
Calendar year or month
let
capital
movement
Short-term
banking
funds
1935-*1
19*2
19*3
19**
19*5
5,253.2
622.6
1,273-5
*52.8
1,056.6
3,661.3
532.5
1,207.1
*31.1
1,166.3
-803.O
3^5.5
-752.6
5*7.2
*09.3
19*6
19*7
19*8
19*9
1950
193-8
1,7*9.6
1951
1952
1953
1,260.6
1,162.8
2**.
July
August
September p
27.8
210.7
1,971.2
1,026.8
73.1
1,558.8
1,090.9
657.*
1,2*3-9
1,102.*
855.5
-7.*
77.7
93-5
-46.6
-50.*
-201.7
-164.6
218.6
-221.6
-315-5
-2*0.7
-69.8
190.8
-76.2
265.1
39.0
27.8
-1*5.*
-11.5
-4*7.5
-298.2
72.0
-70.5
-80.3
1**.2
-377.0
-217-9
-72.2
-19.3
22.3
3*.* 1/
-17*.
-113.1
-33*.
-89.I
-I92.2
75-2
9W.li
-58*.
31*.
-7.2
-21.2
35.1
-193-9
39.5
-10.3
87.1
70.1
-125.1
1*0.9
129.2
-27.5
90.1 2/
116.1
-56.*
50.7
13.2
28.9
-53.8
-59.1
-97.5
270.3
65.2
107.2
228.5
10.1
91.9 r
*1.8
55.1
-17.5
27.8
13*
-5
29.1
*9.7
1
-69.1
October p.
:
10.3
-138.5
1.7
-70.3 r
2.6
-37.8
12.8
28.8
-108.2
-79.5
17.2
-**.7
-*0.9
-23.6
-*1.8
-12.8
-35.5
-55.7
-135.9
-36.1
-57.5 r
15.3
-9*.
Preliminary
Revised
See Table 2, footnote 1.
See Table 2, footnote 2.
1/
2/
736.3
97.5
-11.3
-71.8
-63.1
180.6
1*8.6
70.9 1/
,
Transactions
In foreign
securities
1,591.9
90.1
66.*
21.7
-109.7
1*6.6
173-*
127.*
105-9
-20.5
.
April
May
June
626.7
*85.9
1,179.3
220.*
1,279.*
Short-term
banking
funds
166.8
95.6
195* -January
.
Transactions
In domestic
securities
3, 03*.
-*18.*
636.2
601.5
-100.0
-2*.
-37*. 3
February
March
Changes In claims on foreigners
Changes In liabilities to foreigners
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In millions of dollars)
Short-term liabilities to foreigners
Foreign
official
Other
foreign
*,205.*
5,37*.
5,596.8
6,883.1
6,*80.3
2,2**.*
3,320.3
3,335.2
*,179.3
3,0*3-9
1,9*7.1
2,036.7
2,239.9
2,678.2
2,922.0
7,116.1*
8,6**.
9,302.2
1,832.1
2,836.3
2,908.1
3,620.3
3,5*7.6
2,972-7
2,9*7-0
3,001.0
3,*51-7
*,0*1.2
10,5*6.1
11,6*8.*
*,65*.2
5,666.9
*,2*5-6
*,308.*
11,829.1
11,977.6
12,01*8.5 1/
5,7*1.1
5,903.1
5,925.2
April
M»J
June
12,138.6 2/
12, 25*.
12,198.3
July
August
September p.
October p.
19*2
19*3
19**
19*5
19*6
19*7
19*8
19*9
1950
1951
195*-Janu«ry
February.
March
1/
2/
.
.
.
Payable In dollars
International
Payable In
foreign
ourrenolee
Paysble In
foreign
currencies
Loans to
foreign banks
13.9
17.9
21.6
25.5
*0.6
2*6.7
257.9
329.7
392.8
708.3
72.0
86.*
105.*
100.3
319-6
1*3-7
137-2
169.7
2*5.0
290.5
*7.5
98.I
*9-7
70.*
51-0
**.9
72.2
9*8.9
1,018.7
827.9
898.O
292-9
361.2
222.7
151.1
177-2
*90.6
557.1
*9*.3
506.3
699.*
165.*
100.*
110.8
2*0.6
91.8
61.*
*3-7
1,0*8.7
1,629.1*
90*.
122.9
156.5
8*7.5
6*6.5
78.*
101.6
*,3*2.*
*,351.*
*, 378.9
1,702.1
1,677.6
1,698.5
*3.*
*5.6
*5.9
923.8
901.5
867.1 1/
155-3
168.0
151.1
662.8
635.1
617.O
105-7
98.*
99.0
6,062.9
6,265.0
6,307.0
*, 3*7.6
*,26l.7
*,198.9
1,678.0
1,679.0
1,637.0
50.1
*9.0
55.*
879.9
915.*
971.1
155-2
163.8
173.8
603.*
637.9
675.8
121.3
113.8
121.5
12,*26.8
12,*36.9
12,528.8 r
6,*38.6
6,287.3
6,313.*
*,28*.6
*,352.9
*,366.3
1,656.5
1,751.0
1,801.9
*7.0
*5.7
*7.2
1,109.6
1,107.9
1,178.2
178.3
178.7
187.I
811.2
801.5
828.1
120.1
127.7
I63.O
12,511.3
6,387.3
*,305.9
1,773.9
**.2
1,286.1.
19*.7
93*.0
157.7
7,718.0
7,618.0
1952
1953
Short-term claims on foreigners
Payable in dollars
End of calendar year
or month
*73.7
2,262.0
1,86*.
1,657.8
1,527.8
1,6*1.1
1,58*.9
Excludes liabilities of $15.9 million and claims of $9.6 million held by
banks previously required to report but exempt from reporting as of
March 31, 195*.
Includes for the first time liabilities reported by banks In the Terri-
968.1*
tories and possessions of the United States,
such liabilities totaled $16.0 million.
Preliminary
Revised.
30.9
3*.*
5*.
As of April 30, 195*,
4
..
.
.
ianuary 1955
^7
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Calendar year
or month
Purchases
Sales
ll92.ll
19lt5
396.8 37
164.2
241.3
513.6
377.7
1946
U lit. 5
68I1.2
19li7
344.8
19118
282.lt
19li9
1950
1130.0
1,236.11
283.3
330.3
333.6
294.3
1951
1952
673.6
533.7
1,356.6
1953
6lt6.0
33-7
1935-41
1942
1943
1944
393 .»
Net
purchases
3/
Het
purchases
-95.7 37
25.7
70.7
245.3
-15.7
2/
2/
H
H
K
g/
let
purchases
Sales
-411.4 37
430.2 37
96.4
151.6
136.9
260.2
841.6
75-5
194.6
171.4
357.7
367.6
226.1
369.7
354.1
666.9
432.1
376.7
514.1
664.0
2.9
619.5
649.2
533-9
120.3
1.0
55.2
45.7
63.7
74.8
-4.4
1-3
I
20.9
-43.0
-34.6
-97.4
-64.5
-150.6
-144.3
-21.2
-269.7
61.5
-47.9
96.4
942.1
107.7
108.3
120.0
200.1
212.8
141.6
188.5
197.4
-21.6
728.0
-683.0
302.3
-82.0
15.3
739.8
650.2
5&9.1
-4.3
-12.6
32.9
22.1
17.8
21.9
25.9
22.0
21.0
-3-9
46.7
-M
593
.9
76.0
35.2
20.1
17.9
21.9
20.4
20.0
27.6
-.2
-2.1
-5.6
91.9
92.9
85.2
76.1
76.4
72.3
15.8
16.5
12.9
36.2
231.
%j
H
H
..r
11.7
3753
1.0 .
55.0
April
May
June
65.2
30.0
87.3
88.li
-1.2
48.9
27.3
21.6
July
August
September p
33.li
86.9
38.1
24.3
33.9
37.7
9.1
53.0
24.5
18.7
18.9
22.2
18.8
17.3
2.2
-.1
97.0
86.1
83.7
81.6
86.1
68.7
15.4
*
.4
October p.
48.0
25.9
22.1
23.9
20.3
3.6
93.2
9X.1
2.1
February
March
1/
138.5
170.6
268.2
Stocks
Bonds 2/
38.O
99.9
22.1
1954 -January.
2/
Corporate and other
U. S. Government bonds
and notes 1/
.
.
.
.
Through 1949,
Through 1949,
notes
87.it
15.0
Total
purchases
9,322.1
us
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
II
-
Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period In Millions of dollars)
Country
4/
January \955
.
:
.
Treasury Bulletin
50
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities
(In thousands of dollars; negative figures indicate net aalee by foreigners or a not outflow of capital from the united States)
195k
Calendar year
Owotrj
1951
1950
Europe
Austria
Belgium
C techoe lorakla
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norvay
Poland
Portugal
Rumania
Spain
Sweden
V! norland.
Turkey
U.S.S.P
'hi ted Klngda
.
1952
-11,876
5,655
-58
1953
-7
-2 k
3
879
-331
301
3,199
5kl
130
-16
-3k8
28
hOl
-80
-29
1,813
-581
2
1,800
963
197,765
5,969
5,1(60
-1(1,668
2,217
l,k8l
i486
-12
-1
1,921
-1(81
-22, 17k
-21,91(3
-21,319
-18
201
-1,876
30
-732
-6,327
15
-36
-kko
-3,393
-19
1(
15k
551
U90
183
60
-1,523
36,722
62
-U79
-38,103
138
5,978
-k,5k2
113
21
-137
-89
hi
201
1(19
631
-159
1
-925
56
1(91
2
-925
72
-52
Ik
-1,050
28
19,00l»
'(5,897
570
50,729
8k
63
5,k27
131
79
-20
-18k
808
-128
2k, 755
1
-521
57,086
-k5
-103
63,981
-IU9
21,369
70,1(31
71,258
3,380
3,51k
-155
-313
-3
-Ik
18,1*35
12,611
-113
-32
1(21
-1(88
11
1(8
21
joptember p
July
May
35
-6k 3
-k
26
2,962
-2 k
1(2
-202
23
-5
50
-29
-38
605
-2,915
156
-50
-51
112
-3,378
-IkS
-2 k
-75
k7
32
-9
162
-156
-532
662
232
k52
-377
k,k8l
11
5,665
6,526
661
-8
Yugoslavia. .
Other Europe.
8,25k
287
-1,798
-1,373
-273
91
668
18k
10,27k
Total Europe.
3k7,k93
9.2U5
111,1(67
62,323
10,775
k,587
32,761
5,16k
10,618
1*58,236
-595,1(95
191,61(7
-120,617
-3k, 28k
-8,272
-3,515
-1,570
-k,6l5
-1,389
-962
1,138
119
638
1,115
-1,519
-61
-kl
-95
205
181
338
1,550
637
510
1,268
358
281
2k8
83
20
-2
39
-10k
-710
-1,150
-72
-7k
108
19
28k
2k,6kl
213
6,051
1,785
170
15o
k&0
-356
-1(25
6
2,501
3,066
2,592
76k
-35
Latin America:
Argentina.
Bollrla...
Braxll
Chile
Colombia..
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies & Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
373
10,893
-8k
-5,01(8
-10,921
2,558
1,068
87k
2,309
1(,213
-82
83
k2
113
-kk
9,301
28,255
-Ilk
-75
1,110
-kg
1(36
19,385
-1,029
-1,170
-886
873
-6,532
96
65
2,680
1,59k
1,687
-2,k2k
66k
21
3,k50
l,kk 3
3,0kl
1,783
-120
k,686
2k, 859
-153
853
-l,k32
lkl
-k 9
1(12
-836
1(09
Total Latin America.
30,111
China Mainland.
Formosa
Hong Kong
India
Indonesia
-2,963
-153
2,337
7,01k
-317
-267
-61(8
-98
-203
1,313
ks
252
-69
Iran
Israel
Japan
Korea, Republic of.
Philippines
Thailand
Other Asia
Total Asia.
13,8
15
-1,552
-13,696
160
101
-2 283
51(3
1*3
k91
1/
-2 068
1/
875
1/
-57
-9k
3k3
67
262
3
212
-lk 3
lkk
50
26
10,118
10k
-665
-980
-21
13,715
169
36
311
-78
6,kei
-2k3
2kk
-k62
-kg
116
-39
-32
9k0
1,721
1,835
897
17
233
-137
l.kok
983
775
-7
103
-313
60
155
-329
2k
21
-5k6
k66
817
Ik, 775
31,180
15,79k
10,k70
11,201
9
-113
673
10
-7
-19
13
-73
-126
-38
607
27
8
k3
680
108
273
3
31
9
9
-23
-k
8
-1
-56
20
-8
21
81
10
111
-12
k97
31
-275
17
lk2
15
1/
-21
-6
l,3k3
362
2,382
-3
-18
-5
-k7
-11,1(22
-179
-993
-3 k
-ko
lk9
-382
-180
877
22
56
-3
21(7
,737
599
-21
10
Ik
-23b
-1
k9
-15,317
k,753
-9,535
70
-230
108
1,096
-256
1(83
15
12
-12
175
-100
-987
6
25
-25
120
90
-861
k
-lfcV
-71
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
-359
99
k8
71
156
115
Ik
2
.1,99
53
-18
228
2,1(33
-Ilk
1,021
1,770
Ik
123
-903
-222
-12
-95"(
67
195
798
8k
-10
-19
16
-20
Total other countries.
2,687
-7kk
1,935
-889
351
729
51
-53
International
121,220
-15,938
lk,7kk
22,7kl
21,790
531
-k,373
kl,237
-1,511
Grand total.
9kk,k30
-58k, 2&9
3lU,9i*J*
-11,513
13,177
28,863
kl,8lk
55,135
15,315
1/
Not reported separately prior to March 195k.
p
Preliminary-
January 1955
.
.i
.
Treasury Bulletin
52
.CAPITAL MOVEMENTS
Table
1,
.
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities to Foreigners as of November 30, 1954
(Poaltion In thousands of dollars)
Short-tern liabilities payable Id dollar*
Country
Total
short-term
liabilities
To foreign hanks and offlolal Institutions
u.
Deposits
Kuropsl
Austria
Belglua
Cxeohoslorakla
Denmark
Finland
Trance
Germany, federal Bepubllo of.
Creece
Italy
Hetherlanda
Horvay
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom.
274,895
270,882
103,l6li
1.9,790
220,1*92
3ll,026
671
68,956
40,039
262
60,085
38,320
256
23,227
31,761
502,069
1,287,161
110,231
565,988
239,429
1*1*6,820
171,917
1,282,51*7
339,1*11
103,381
80,359
126,528
62,902
538,01*6
211*, 380
113,835
2,157
89,617
88,91.7
62,711
8,038
70,912
159,003
622,392
8,067
5,216
829, 71U
1,791*
60,992
1,792
62,008
6,81.8
6,81.7
61,566
151, 114
61,227
1.98,318
l*,6l8
310,603
53,91*8
1*,1*30
l*,837
9,003
369,602
4,842
517,167
8,391
357,086
5,479,489
11,768,585
1,969,785
1,376,422
1,113,630
382,028
Argentina.
Bolivia...
Braill
Chile
Colombia.
175,295
32,300
134,225
Cuba
Domlnloan Republic
Guatemala
Mexico
Hetherlanda V. Indies & Surinam.
21*3,693
Panama, Republlo of
Peru
XI Salvador
75,056
79,630
20,388
93,508
202,155
123,1°8
Yugoslavia
Other Europe
.
.
Total Europe.
.
.
Latin America
Uruguay
Venezuela
Other Latin America
Total Latin America
160,231.
73,233
168,572
58,217
31,1*62
265,454
1*6,917
1,81*9,362
alai
China Mainland.
Formosa
Hong Kong
India
Indonesia
36,031*
35,282
64,596
82,128
100,557
28,21*0
Iran
Israel
Japan
Korea, Republic of.
Philippines
276,796
Thailand
Other Asia
237,621
Total Asia
1,812,773
26,021
712,586
88,721*
12l»,l88
Other countries!
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
Total other oountrles.
International
Ormnd total.
36,316
44,350
1*7,611
38,125
97,1*1*6
263,81*6
1,792,81*6
12, 571* , 71*0
217,596
6,1.70
88,156
To all other foreigners
a.
Treasury
bills and
certificates
0.
Deposits
6.
Treasury
hills and
certificates
53
January 1955
.CAPITAL MOVEMENTS.
Section III
-
Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of October 31, 1954
(Position Is thousands of dollar*)
Short-torn clams payable in foreign
currencies
Short-tarsi claims payable 1a dollars
Country
Deposits of
reporting
)wnb and
domestic
cue toners vith
foreigners
Collections
outstanding
for own
account and
domestic
Loans to:
Total
short-term
Foreign
hanks and
official
institutions
cuel
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Cermany, Federal Republic of
Greece
Italy
Motherlands
lorvay
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.SJi
United Kingdom
162
162
1U,267
13,796
1
5,962
2,322
1
6,009
2,323
7,120
»7,3lB
3,558
15,815
11,183
1,352
30
658
5,606
1*3,769
126
525
36
76
l*,8o6
151*
15
663
6,968
3,558
15,671
9,196
5,271
235
1,250
18
1,076
30
1,391*
2,531*
2,936
1,036
812
310
1,675
6,189
2,373
2,739
6,197
906
30
587
2
67
30
620
2
8
2
3,969
2,73"*
1,201
619
275
2,772
2,1*77
117
1,016
91*6
16, 1*1*6
10,055
55,023
2,61*0
<*,851
53,779
27
1,863
1,206
55,036
9
12U.839
8,389
1*71
1*66
3,338
2,002
1*7
1*7
1
1
73"*
1,511*
1*88
27,676
3,51*9
3,5W
1
7,687
6,81*9
11*1*
2,1*51*
1,987
25
38
38
81*7
1,235
1,235
398
701
11
295
6,391
280
6,363
13
9
13
9
98,81*3
78,302
2
2
8,556
25,996
3,838
57*
''352
572
*.Q87
502
V79
Total Europe
317,795
202,889
76,539
23,385
1*0,01*8
66,850
30.873
3,803
13,300
Jz?J*9_
6,101
2,181
361,532
6,790
79,916
6,056
2,181
361,507
6,790
79,907
1,000
1,005
175
l*,051
7
201*, 283
21*, 1*80
W,073
1,392
8,352
873
10,870
2,231
2,291*
314,696
25,989
63,876
2,203
3,310
99,227
63,588
2,203
3,310
36,350
5,600
10,856
1,928
2,911
10,782
26
98,1*38
1,261*
37,391*
6,282
6,280
lit, 226
1"*,095
9,51*9
11
168
Canada
70
222_
111
1,979
102
326
TugoelaTla
Other Europe
5,915
1,026
9
11*9
15
28
20,51*1
Jt_
1*62
265.
62,917
Ill*, 906
93,167
21,739
9,821
35,977
32.309
3,668
1*5
1*1
1*
25
13
12
9
7
2
288
226
60
789
592
197
2
131
105
26
1?X-
Latin Aaerloa:
Argentina
BollTla
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
letherlands Vsst Indies a Surinam
1,261.
21*9
152
33
29
28,670
67
Panama, Republic of
Peru
El Salrador
Uruguay
Venezuela
Other Latin Amsrloa
22,336
22,293
Total Latin America
739,857
736,595
2,628
2,628
2,617
5,W5
5,1*83
2,1*66
l*,270
5,^5
11
30
16
51*2
1,169
633
6
1,»33
566
88,671
8,5W
218
23,826
1,11*9
15
3,1*95
2,127
61*7
9,1*21
3,715
3,291
1,221
908
798
835
57,3"*9
55,81*3
9,21*7
11,1*27
2,789
915
28,003
1,595
3,130
16,1*50
3,598
5,918
320
7,166
1,118
301,21*9
92,611
171,581
171,151*
9,5"*9
1*1*
2
1*21.
1*20
1*
1,506
505
1,001
1*3
1*3
3,262
1,951*
2
118
118
l»9lt
1*88
2
1,308
Asia!
China Mainland
Formosa
Bong Kong
India
Indones la
Iran
Israel
Japan
Korsa Republic of
Philippines
,
2,581*
»,76»
633
17,730
8,160
33,271
359
10,786
17,730
8,160
33,269
358
10,731*
1,288
20,1*77
5,81.7
779
8
1,908
1,979
627
31*3
2
39
652
8,783
22
38
16,767
32
1*1*1*
5,776
687
2
1
1
97
52
10
3,322
336
it, 752
Thailand
Other Asia
6,893
6,893
5,1*01*
3!*,767
34, 1*02
28,373
737
366
751
5,258
1*05
365
362
3
Total Asia
188,060
127,026
71,531*
11,999
36,152
7.3 1*!
1,031.
1,011*
20
10,888
6,795
9,239
6,790
59
It, 1*52
!*,705
1,61*9
1,093
556
69
5,81*5
807
1.95
1*81*
91*
390
3,517
3,693
128
623
17,897
269,627
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan
Union of South Africa
All other
Total other countries
5,21*8
I*,918
10, Mil
9,875
1,273
3,511
33,867
31,306
5,006
1,286,1*29
1.128,689
1*58,131
2,01*8
1
5
5
11
330
566
11
309
5L1
21
55
6,263
2,561
1,929
632
257,!.96
157,71*0
130,373
27,367
International
Grand total
11*3,1*35
5*
.
.
January [955
55
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonfinanclal Concerns^
(Position at end of period in thousands of dollars)
Liabilities to foreigners
Country
Claims on foreigners
1954
1953
September
December
195"*
1953
September
March
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
3,056
3,210
lit, 805
ll*,88l
16,355
2,342
951
16,31*5
2,1*31
731*
2,219
13,502
16,355
591
825
France
Germany
Greece
Italy
Netherlands.
18,859
1,505
3,148
9,237
21,102
11*, 606
10,31*1*
2,315
3,825
7,901
2,877
13,191*
16,701*
Horvay
Poland
Portugal ....
6,6m
7,81*8
1*18
5,695
17
1,392
271
7,822
7,372
17
337
566
8,926
Rumania... ...
Spain
Sveden
Switzerland....
Turkey
U.S.S.P
United Kingdom.
6,012
9,070
1,621
281
46,541
18
1*,631
9,186
1,663
281
1*9,618
>*,307
7,328
1*81
4,412
8,306
1,61*2
281
1*4,252
2,459
6,883
987
1,341
745
2,354
6,859
989
636
1,040
13,171
316
343
655
576
1,762
9,372
1,051
3,156
542
12,056
3,370
.,371
7,108
11,010
13,786
3,704
4,496
7,277
10,202
19,943
9,005
1,641
16,796
10,058
19,548
6,841
1,473
14,711
8,256
15,353
7,738
1,971
15,451
15,017
6,212
15
1,780
421
6,937
9,917
2,039
39
1,837
469
4,532
2,062
45
1,634
162
3,721
153
2,328
66
1,774
150
3,506
3,162
2,962
10,392
2,205
282
49,805
3,061
9,303
2,262
281
44,590
6,657
3,634
9,471
81
40,718
6,035
3,569
12,049
58
45,663
3,552
3,5W.
9,623
32
53,321
4,063
771
10,1*81*
16,31*2
1*37
16
2,783
1,1*69
Yugoslavia
Other Europe .
1,215
682
1,179
1,71.7
.
1,012
827
769
844
624
648
3,324
1,870
2,198
4,056
1,948
Total Europe .
.
173,269
163,389
151,976
149,209
133,476
143,237
144,285
154,969
26,007
1*1,010
1*5,898
35,287
38,109
94,186
92,224
91,277
7,959
3,238
15,857
10,339
5,828
6,393
2,321.
1,71*1*
17,905
9,347
9,821
871
28,310
10,337
5,71"*
7,856
10,921
1,324
48,260
6,409
12,780
10,582
766
40,079
5,236
4,798
1,780
16,557
8,266
7,042
4,980
1,885
16,172
12,1*55
16,707
8,955
13,093
13,423
5,273
622
665
3,896
959
866
7,278
5,959
1,183
1,121
6,447
8,185
1,051
1,196
6,015
14,768
1,139
1,834
23,546
12,926
1,584
1,838
24,971
11,682
2,064
1,935
24,576
1,794
18,300
13,254
196
4,194
8,996
2,057
1,485
9,099
13,361
275
4,677
9,292
2,249
1,580
5,825
14,514
1,970
6,047
15,321
9,444
1,467
7,660
12,638
1,893
4,891
16,381
9,905
170,021
1,494
3,812
9,187
155,234
8,296
289
484
4,770
3,243
1,048
12,180
12,758
8,158
2,003
704
4,497
3,504
1,094
12,194
14,595
Latin America:
Argentina
Bolivia
Brazil
Chll
Colombia
9,220
4,91*6
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies
& Surinam. ........ . . ..
6,036
631
925
Panama, Republic of....
25,01)8
23,1.56
Peru
El Salvador
Uruguay
Venezuela
Other Latin America....
8,421
11,575
235
9,130
9,770
2,410
6,1*20
2, too
2,133
7,009
14,887
225
6,862
8,297
1,881
Total Latin America....
114,276
116,1*36
93,806
101,944
92,724
175,682
3,404
1,484
1,718
3,353
1,517
W0
1»,809
lt,307
3,961.
2,971.
3,297
1,337
1,594
4,684
2,465
8,241
260
542
3,958
1,622
509
1,197
14,167
340
5,498
3,316
679
1,549
3,722
1,485
630
983
7,582
342
3,888
6,80lT
6,396
4,794
8,180
6,807
1,477
10,981
2,536
9,798
3,068
10,726
72
840
8,554
11*3
7,81*9
9,1*56
1,783
5,259
19,203
11,477
Asia:
China Mainland
Formosa
Hong Kong
India
Indonesia.
Iran
Israel
Japan
Korea, Republic of.
Philippines ........
3,
1,883
1,707
4,652
1,191
518
U58
405
2,001*
10,1*90
1,901*
1,1*03
7,731
10,172
2/
2/
1,250
9,605
12,028
5,305
1*,060
3,257
Thailand
Other Asia
1,900
13,735
5,1.15
13,1*20
6,1*26
12,681
6,643
10,478
Total Asia
1*9,671*
46,680
1*7,177
52,209
39,163
56,768
61,798
65,337
10,281*
8,728
216
8,931*
345
120
7,662
294
6,850
176
12,121
2,772
8,741
3,303
8,094
3,036
1,120
996
3,511
91.7
866
3,992
829
923
6,297
1,117
967
3,465
627
861
3,706
1,522
5,982
5,328
1,728
5,634
5,831
1,784
6,062
7,004
16,256
14,749
17,103
13,505
12,220
27,72^
25,237
25,980
31
1*1
33
379,513
382,305
355,993
Other countries:
Australia
Belgian Congo..........
Egypt and Anglo-Egyptian
Sudan. ................
Union of South Africa.
All other
Total other countries..
International
Grand total.
1/
1,881.
425
352,154
As reported by exporters. Importers, and Industrial and commercial concerns In the United States. Data exclude claims held through United
States banks, and intercompany accounts between United States companies
315,692
498,023
"ssr
494,177
330
493,127
439
June
Treasury Bulletin
56
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Financial statemente of corporations In
v
January 1955
nrvRPTYRAT-mNs ant
3
9
,
Treasury Balletk
5S
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheet6 of Corporations of the United States Government,
September 30, 1954
(In millions of doll are)
Department of
Agriculture
Commodity
Credit
Corporation
ASSETS
Cash:
1/
On hand and In banks
With U. S. Treasury
87.3
565.U
Deposits with other Govt, corps, and agencies...
3.1
18.3
17.3
Loans receivable :
Government corporations and agencies
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid home owners : Mortgage loans , etc ....
To aid Industry:
Railroads
Other
To aid States, Territories, etc
To aid financial Institutions;
Banks
Insurance companies
Mortgage loan companies
Foreign loans:
Guaranteed, held by lending agencies
Other
Other loans {not otherwise classified)
Less: Reserve for losses
27.0
752.9
338.7
2, tel.
1U.
ho.-}
2,421.3 4/
35.2 4/
2,393.1
9.7
185.0
168.8
2.3
3.7
685.3
97.5
2,690.0
22.3
-150.7
-112.6
9,701.1
2,343.8
Government corporations and agencies
Others
LesB : Reserve for losses
178.9
207.8
-22.3
151.0
137.7
-11.8
Total accounts and notes receivable (net)
364.3
276.8
Total loans receivable (net)
Accounts and notes receivable:
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
Others
Less: Reserve for losses
18.1.
.2
Total accrued assets (net)
68.7
-.1
22.8
87.2
22.8
Commodities, supplies and materials:
Held for use or sale
Less: Reserve for losses
It,
132.0
-929.3
3,986.6
-928.2
Commodities, supplies and materials (net)
3,202.7
3,058.5
Investments:
Public debt obligations of the United States..
Securities of Govt, corps, and agencies:
Debentures {FHA and FICB)
Cap. stock and paid-in surpl. of Govt, corps
Other securities:
Banks and trust companies - preferred stock.
Other
Less : Reserve for Iosssb
Total investments (net)
Land, structures, and equipment:
Held for use or sale
Less:
Reserve for depreciation
Land, structures, and equipment (net)...
2,662.2
5.9
1.0
20.7
32.8
-6.1
2,716.6
3,515.7
-981.7
2,534.0
Acquired security or collateral
Less:
Reserve for losses
Acquired security or collateral (net)
-10.7
15.0
Deferred and undistributed charges
125.1
Other assets
Less:
Reserve for losses
122.7
Other assets (net)
Total assets
Footnotes at end of Table 3*
-11.0
111.7
19,527.8
-
Federal
Crop
Insurance
Corporation
Department
of
Department
Co
Interior
Waterways
Corporation
of the
Virgin
Islands
Corporation
Department
of
Justice
Federal
Prison
Industries
Inc.
Department
of the
Treasury
Federal
Facilities
Corporation
2/
Pec one true t Ion
Finance
Corporation (in
liquidation) j/
'anuary 1955
,
,,
._ nn-RPOPiTTONR awn mrBTiTn fiTHKR rT^TNERs-TYPF AH'lvri'T^R
.
t
Treasury Bulletin
60
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE
Table 2.- Balance Sheets of Corporations of the United States Government,
September 30, 1954 - (Continued)
(In millions of dollars)
Department of the Treasury
Smaller
War Plants
Corporation
(in liquidation)
W
War Damage
Corporation
(in liquidation) 12/
-
(Continued)
World War II
and production urograms
in liquldatlon 12/
Etport -Import Bank of Uashingt-on
Regular
lending
activities
ASSETS
Cash:
1/
On hand and In banks
With U. S. Treasury
.3
.1
1.0
Deposits vith other Govt, corpB. and agencies...
15.8
Loans receivable:
Government corporations and agencies
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid homr ovners : Mortgage loans , etc ....
To aid industry:
Ral lroads
Other
To aid States, Territories, etc
To aid financial institutions:
Banks
Insurance companies
Mortgage loan companies
Foreign loans:
Guaranteed, held by lending agencies
Other
Other loans (not otherwise classified)
Less: Reserve for losses
•••
97.5
2,6U7.6
Total loans receivable (net)
12.2
Accounts and notes receivable:
Government corporations and agencies
Others
Less: Reserve for losses
Total accounts and notes receivable (net)
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
Others
Less: Reserve for losses
Total accrued assets (net)
Commodities, supplies, and material*
Held for use or sale
Less: Reserve for losses
Commodities, supplies, and materials (net)....
Investments:
Public debt obligations of the United States..
Securities of Govt, corps, and agencies:
Debentures (FHA and FICB)
Cap. stock and paid-in surpl. of Govt, corps
Other securities:
Banks and trust companies - preferred stock,
Othier
Less:
Reserve for losses..
Total investments (net)
Land, structures, and equipment:
Held for use or sale
Leas: Reserve for depreciation
Land, structures, and equipment (net)
Acquired security or collateral
Less:
Reserve for losses
Acquired security or collateral (net)...
Deferred and undistributed charges
Other assets
Less: Reserve for losses
Other assets (net)
Total assets
Footnotes at end of Table
l.U
3
1.0
W
^
61
January 1955
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United States Government,
September 30, 1954 - (Continued)
(In millions of dollars)
:
Treasury Bulletin
62
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.- Balance Sheets of Corporations of the United States Government,
September 30, 1954 - (Continued)
(in millions of dollars)
Farm Credit
Administration
(Continued)
Production
credit
corporations
Housing and Home Finance Agency
Federal
Deposit
Insurance
Corporation
Home Loan Bank: Board
Federal
National
Mortgage
Association
18/
Cash:
1/
On hand and in banks.
With U. S. Treasury..
1.3
Deposits with other Govt, corps, and agencies.
Loans receivable:
Government corporations and agencies
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans.
Farm mortgage loans
Other
To aid home ovners:
To aid industry:
Mortgage loans, etc.
2,392.1
Railroads
Other
To aid States, Territories, etc
To aid financial institutions
Banks
Insurance companies
Mortgage loan companies
Foreign loans:
Guaranteed, held by lending agencies...
Other
Other loans (not otherwise classified)...
Leas: Reserve for losses
Total loans receivable (net)
2,392.1
Accounts and notes receivable:
Government corporations and agencies.
Others
Less: Reserve for losses
Total accounts and notes receivable (net).
.1
Accrued assets:
Interest on public debt obligations..
Government corporations and agencies.
Others
Less: Reserve for losses
13.1
Total accrued assets (net)
13.1
Commodities, supplies, and materials:
Held for use or sale
Less: Reserve for losses
Commodities, supplies, and materials (net)
Investments:
Public debt obligations of the Itolted States...
Securities of Govt, corps, and agencies:
Debentures (FHA and FICB)
Cap. stock and paid-in eurpl. of Govt, oorpe.
Other securities:
Banks and trust companies - preferred stock..
Other
Less: Reserve for losses
Total Investments (net)
.1
Ul.7
1,610. h
3.6
1*5.3
1,610. k
Land, structures, and equipment:
Held for use or sale
Less: Reserve for depreciation.
Land, structures, and equipment (net).
Acquired security or collateral
Less:
Reserve for losses
-6.5
Acquired security or collateral (net).
Deferred and undistributed charges
Other assets
Less: Reserve for losses.
Other assets (net)
Total assets ....
te.l
1,625,9
Federal
home
loan
banks
Federal
Savings
and Loan
Insurance
Corporation
Public
Housing
Administration
12/
Panama
Canal
Company
20/
t
:
January [955
63
-CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES-
Table 2.- Balance Sheets of Corporations of the United States Government,
September 30, 1954 - (Continued!
(in millions of dollars)
Housing and Hone Finance Agency
Farm Credit
Admin] strati on
(Continued)
Production
credit
corporations
Federal
Deposit
Insurance
Corporation
U
ABILITIES
Accounts payable i
Government corporations and agencies.
Others
A
Total accounts payable.
Accrued liabilities:
U. S. Treasury
Government corporations and agencies.
Others
.
Total accrued liabilities
Trust and deposit liabilities:
Government corporations and agencies.
Others
Total trust and deposit liabilities
Bonds, debentures, and notes payable:
U. S. Treasury
Other Government corporations and agencies
Not guaranteed by the United States
Others
Guaranteed by the United States...,
Not guaranteed by the United States
Total bonds, debentures, and notes payable..
Deferred and undistributed credits
,
Federal
National
Mortgage
Association
18/
Home Loan Bank Board
Federal
loan
bants
Federal
Savings
and Loan
Insurance
Corporation
Public
Housing
Administration
12/
Panama
Canal
Company
20/
Tennessee
Valley
Authority
:
l
Treasury Bulletin
6k
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYH) ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1954
(In millions of dollars)
Department of Agriculture
Farmers 1
Home
Administration
ASSETS
Cash:
1/
On hand and In banks
With U. S. Treasury
15.1
6^6 .6
Loans receivable:
Government corporations and agencies
Others
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid home owners: Mortgage loans, etc...
To aid industry:
Railroads
Othsr
To aid StateB, Territories, etc
Foreign loans
Other loans (not otherwise classified)
Less: Reserve for losses
15,1^2.9
119. c
6--.b
2.L..8
t25.9
2.1
227.6
127.0
5,180-0
132.7
-12k.Q
Total loans receivable (net)
Accounts and notes receivable:
Government corporations and agencies
Others
Less: Reserve for losses
Total accounts and notes receivable (net),...
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
Others
Less: Reserve for losses
Total accrued assets (net)
Commodities, supplies and materials
InveBtanenta:
Public debt obligations of the Oilted States.
Securities of Government corporations!
Capital stock and paid-in surplus of
Government corporations
Other securities
International Bank for Reconstruction and
Development - stock
International Monetary Fund - subscriptions
Other
Less : Reserve for losses
Total Investments (net).
Land, structures, and equipment:
.
Held for use or sale
Less: Reserve for depreciation
Total land, structures, and equipment (net)..
Acquired security or collateral
Less: Reserve for losses...
Total acquired security or collateral (net)..
Deferred and undistributed charges
Other assets
Less:
Reserve for losses.....
Total other assets (net)
Total assets
Footnotes at end of table.
325.3
150.0
55.9
Disaster Loans,
etc., Revolving
Fund, Farmers 1
Home Administration
Rural
Electrification
Administration
Department
of the
Army
Guaranteed
loans (World
War II)
Department
of
Commerce
Federal Maritime Board and
Maritime Administration
Department
of Health,
Education,
and Welfare
Office of
Education:
Loans to
students
65
January 19??
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1954 - (Continued)
(In millions of dollars)
:
Treasury Bulletin
66
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYRE ACTIVITIES.
Table 3.- Balance Sheets of Certain Buelnes6-Type Activities of the United States
Government, September 30, 1954
-
(Continued)
(In millions of dollars)
Department of the Interior
Indian
loans
Puerto Rico
Reconstruction
Adminl e trat ion
(In liquidation)
Department of the Treasury
Miscellaneous
loans and
certain other
assets
Federal ClFil
Defense Act
of 1950,
as amended
Farm
Credit
Administration
Agricultural
Marketing
Act
Foreign Operations
Administration
Guaranty
program
Loan
program
ASSETS
Cash: 1/
On hand and in bankB
With U. S. Treasury
,
7.3
,
Loans receivable:
Goverrmwnt corporations and agencies
15,162.9 28
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid home owners: Mortgage loans, etc...,
To aid industry:
Railroads
Other
To aid States, Territories, etc
Foreign loans
Other loans (not otherwise classified)......
Less : Reserve for losses
Total loans receivable (net)
3.3
2.1
27.5
1.9
3,617.5 2°j
10.7
-.8
1.3
-.9
9.9
3.7
1,562.5
2.3
18,811.8
2.3
1,562.5
Accounts and notes receivable:
Government corporations and agencies
Others
Less: Reserve for losses
1,000.0 20,
Total accounts and notes receivable (net)
1,000.0
Accrued assets:
Interest on publl-3 debt obligations
Government corporations and agencies
Others
Less : Reserve for losses
Total accrued assets (net)
137.2
9.0
9.0
137.:
,
ConnodltieB, supplies, and materials
Investments
Public debt obligations of the United States..
Securities of Government corporations:
Capital stock and paid-in surplus of
Government corporations
Other securities:
International Bank for Reconstruction and
Development - stock
International Monetary Fund - subscriptions.
Other
Less: Reserve for Ibises
150.0
635.0
2,750.0
Total investments (net)
3,385.0
150.0
Land, structures, and equipment:
Held for use or sale
Less: Reserve for depreciation
Total land, structures, and equipment (net)...
Acquired security or collateral
Less: Reserve for losses.....
3-7
-3.7
Total acquired security or collateral (net)...
Deferred and undistributed charges
Other assets
Leas: Reserve for losses
3.5
-3.5
Total other assets (net)
Total assets
Footnotes at end of table.
„
9.9
k.h
23,33*0
(Continued on following page)
2.3
150.1
7.3
1,571.6
January J 95?
nOPPOPATTfttiq AND (TPT7PATN OTTTFR TOTRmRSS-TYPF
AT"I'|
U I'l'TTW
|B11
6S
COKPOKATTONP ANP
(TTCKT ATTi
OTRK
January 1955
69
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1954 - (Continued)
(in millions of dollars)
:
'
Treasury Bulletii
70
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1954
-
(Continued)
(in millions of dollars)
^11 Business
Administration
Lending
operations
Veterans' Administration
Liquidation
of RFC
disaster
loans 36/
Guaranteed
loans to
veterans
ASSETS
Cash:
1/
On hand and in banks
With U. S. Treasury
Loans receivable:
Government corporations and agencies
Others
To aid agriculture:
Agricultural credit corporations
Cooperative associations
Crop, livestock, and commodity loans
Farm mortgage loans
Other
To aid home owners: Mortgage loans, etc...
To aid industry:
U.8
52.2
9.0
-3
Ral lroade
Other
To aid States, Territories, etc
Foreign loans
Other loans (not otherwise classified)
Less: Reserve for losses
-1.2
Total loans receivable (net)
12.6
Accounts and notes receivable:
Government corporations and agencies
Others
Less
Reserve for losses
:
Total accounts and notes receivable (net)....
Accrued assets:
Interest on public debt obligations
Government corporations and agencies
OtherB
Lpsb
Reserve for losses
:
Total accrued, assets (net)
Commodities, supplies, and materials
Investments:
Public debt obligations of the United States.
Securities of Government corporations:
Capital stock and paid-in surplus of
Government corporations
Other securities:
International Bank for Reconstruction and
Development - stock
International Monetary Fund - subscriptions
Other
Less
Reserve for losses
:
Total investments (net)
Land, structures, and equipment:
Held for use or sale
Lees: Reserve for depreciation
Total Land, structures, and equipment (net)..
Acquired security or collateral
Less
:
Reserve for losses
Total acquired security or collateral (net)..
Deferred and undistributed charges
Other assets
Less:
Reserve for losses
Total other assets (net)
Total assets
Footnotes at end of table.
8.U
13.8
53
Veterans *
canteen
Bervlce
Veterans
direct
loan
program
Defense Production Act
of 1950, as amended
Atomic
Energy
Commission
Department
of
Agriculture
January 195 s)
.
.
nnppnPATi
Treasury Bulletin
72
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1954 - (Continued)
(In millions of dollars)
January /955
Treasury Bulletin
7*
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Tables 2 and 3
Note: The reports as received are revised by the Treasury Department to
adjust for certain interagency items and therefore may not agree
exactly with statements issued by the respective corporations and
business-type activities.
Excludes unexpended balances of appropriated funds.
This
Corporation was organized in accordance with Executive Order
Hi
No. 10539, dated June 22, 195 *, which authorized and directed the
Secretary of the Treasury to cause to be organized a corporation under
the authority and subject to the provisions of Section 10 of the Rubber
Act of 19U8, as amended (50 U.S.C. App. 1929). By Executive Order
No. 10539, "the President transferred the synthetic rubber and tin programs from the Reconstruction Finance Corporation to this Corporation,
effective at the close of business June 30, 195 *. Any funds surplus
to the needs of this Corporation shall be paid into miscellaneous
receipts of the United States Treasury.
1/ In accordance with the act approved July 30, 1953 (67 Stat. 230), the
Secretary of the Treasury assumed on July 1, 195 1*, the responsibility
of completing the liquidation of certain activities of this Corporation.
Pursuant to Reorganization Plan No. 2 of 195 *, effective at the
close of business June 30, 195 1*, certain loans, securities, and other
assets of this Corporation were transferred to the Export -Import RwnK
of Washington, the Federal National Mortgage Association, and the
^nwtl Business Administration.
Includes $5 *2.6 million guaranteed loans and certificates of interest
held by lending agencies.
Includes matured interest amounting to $.1 million for which cash has
been deposited with the Treasurer of the United States.
Represents
matured obligations for which cash has been deposited with
6/
the Treasurer of the United States.
1/ Includes $5.0 million advanced from a revolving fund which has been
established by appropriations.
Represents equity of the United States Treasury In this Corporation.
2/ Includes deficit resulting from administrative expenses amounting to
$85.3 million.
10/ Represents Reconstruction Finance Corporation proprietary interest in
a Government corporation.
11/ Under Executive Order No, 9665, dated December 27, 1945, the assets
of this Corporation were transferred to the Reconstruction Finance
Corporation for collection or disposal. Liquidation of these assets
after June 30, 195 *, 1b being continued under the direction of the
Secretary of the Treasury.
12/ The capital stock of this Corpoi-ation is held by the Reconstruction
Finance Corporation.
13/ On July 1, 1951*, the Secretary of the Treasury assumed the reeponsibility of completing the liquidation of these programs.
14/ Pursuant to Reorganization Plan No. 2 of 1954, effective at the close
of business June 30, 195**, these foreign loans and other assets and
liabilities were transferred from the Reconstruction Finance Corporation to thiB Corporation.
15/ Includes real estate sales contracts.
lo/ Includes $97.5 million guaranteed loans held by lending agencies.
17/ Represents equity of the United States Treasury in these programs.
18/ Pursuant to Public Law 560, 83d Congress, approved August 2, 195 *, the
functions of the Housing and Home Finance Administrator, including the
function of making payments to the Secretary of the Treasury, under
Section 2 of Reorganization Plan No. 22 of 1950, together with the
notes and capital stock of this Corporation held, by the Administrator
were transferred to this Corporation. Includes the equity of the
United States Government in the Defense Homes Corporation, and other
assets and liabilities which were transferred from the Reconstruction
Finance Corporation, pursuant to Reorganization Plan No. 2 of 195**,
effective at the close of business June 30, 195^-
Iff/
20/
21/
1
22/
23/
1
2k/
25/
!<?
1
y
a
27/
28/
1
H
2g/
30/
31/
32/
33/
1
Represents activities under the United States Housing Act, as
amended.
The balance sheet is subject to substantial change pending establishment of a complete plant inventory and appraisal of net assets
transferred from the Canal to the Company.
The final repayment of capital stock was covered into miscellaneous
receipts of the United States Treasury on August 31, 191*8.
The surplus is not available by law for dividend distribution and
is considered by the Corporation as a reserve for future deposit
insurance losses and related expenses with respect to insured banks.
The surplus is considered by the Corporation as available for future
insurance losses and related expenses with respect to insured institutions.
Consists of net income from power operations of $262.6 million and
net expense of nonlncome-producing programs of $154.1 million.
Figure is as of June 30, 1954, the latest available.
Represents expended appropriations and excess of income or expense.
Figures representing each of the two amounts are not available at
this time.
Represents total Treasury loans to Government corporations. Deducted
in this analysis because credit has been taken in the Corporation
analysis in Table 2.
Represents obligations of Government corporations and business-type
activities as shown under "Bonds, debentures, and notes payable United States Treasury."
Includes $3,6l4.3 million loan to the United Kingdom. Partial
repayments were made on December 31, 1951, December 31, 1952, and
December 31, 1953, aggregating $135.7 million.
Includes $1,000 million due under agreement with Germany signed
February 27, 1953.
Includes subscriptions to the International Monetary Fund and Bank
and loan to the United Kingdom (see footnote 29).
By Executive Order No. 10539, dated June 22, 195 *, the President
transferred this program from the Reconstruction Finance Corporation,
effective at the close of business on June 30, 1954.
Consists of advance planning on nonfederal public works; Alaska
housing program; defense community facilities and services; defense
housing; Farm Security Administration program; maintenance, etc.,
defense public works; prefabricated housing loans program; public
war housing program; and veterans 1 re-use housing program. In
accordance with Public Law 1*28, 83d Congress, approved June 24,
1954, a revolving fund was established, effective July 1, 195 *, for
use in connection with the liquidation of these activities.
In accordance with Title III of Public Law 560, 83d Congress,
approved August 2, 195 *, the authorizations, funds, and appropriations available pursuant to Sections 102 and 103 of the Housing Act
of 1949, as amended (42 U.S.C. 1451-1452), shall constitute a fund,
to be known as the "Urban renewal fund," and shall be available for
advances, loans, and capital grants to local public agencies for
urban renewal projeote in accordance with the provisions of this
Title, and all contracts, obligations, assets, and liabilities
existing under or pursuant to said sections prior to the enactment of
the act approved August 2, 195*S are transferred to the fund.
Represents net investment of the United States Government transferred
from the Reconstruction Finance Corporation.
Pursuant to Reorganization Plan No. 2 of 1954, effective at the close
of business June 30, 1954, these disaster loans and other assets and
liabilities were transferred from the Reconstruction Finance Corporation to this Administration.
Represents revolving fund, defense materiala procurement activities.
Less than $50,000.
1
1
^4/
1
1
jj£/
M/
32/
*
75
'January 1955
miMTrr.ATTVR
Treasury Bulletii
76
.CUMULATIVE TABLE OF CONTENTS.
February 1954 through January 1955
-
(Continued)
Issue and page number
195
Apr.
1*
July
May
June
26
26
25
25
25
25
30
30
25
25
25
25
26
26
27
26
26
31
26
26
27
26
27
26
31
32
26
26
27
27
27
27
28
28
2g
33
28
28
29
32
32
3k
37
39
36
38
32
3k
33
3k
35
36
35
}6
1*0
39
111
1*0
35
36
36
37
38
39
ko
Aug.
Sept.
Treasury savings notes:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Ownership of Federal securities:
Distribution by classes of investors and types of Issues
Ret market purchases or sales for Investment accounts handled by
the Treasury
Estimated ovnershlp
3k
2k
26
3k
35
Treasury survey of ownership of Federal securities:
Ownership by banks, Insurance companies, and others
Ownership of U. S. Government securities held by corporate pension
trust funds (quarterly, December 31, 19U9-September 30, 1953)....
Ownership by commercial banks classified by membership In Federal
Reserve System ( latest date June 30, 195M
28
36
2Q
Market quotations:
End-of -month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities
ko
ki
35
37
hi
38
39
35
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
hk
1*
37
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources
Detail of collections by type of tax
k5
3
hi
39
39
1*2
1*1
hi
1*2
11
hk
k3
39
Monetary statistics:
Money in circulation
Monetary etocke of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage on silver
Increment from reduction la weight of gold dollar (latest date
September 30, 195M
Exchange Stabilization Fund (latest date June 30, 195*Q
k9
50
50
kh
k5
w
<e
k3
kh
52
k7
k5
kl
1>5
52
1*6
k5
k2
1*2
1*2
1*2
k7
k7
1*6
1*2
1*6
1*2
k2
k3
k3
k3
kk
k3
1*8
1*7
k3
kk
1*1*
1*9
1*8
1*1.
k5
1*5
kl
k9
k5
50
51
1*6
:
Balance sheet
Income and expense
53
51*
k7
Capital movements between the United States and foreign
countries:
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
la tea t month
Short-term liabilities and claims reported by nonf Inane lal concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
55
58
66
65
1*8
1(8
1*8
1*6
53
51
59
58
51
50
5k
55
1*8
52
55
59
60
50
52
56
57
6?
60
60
61
58
59
58
5k
55
56
57
1*6
1*8
52
53
5k
55
k9
51
55
56
57
59
60
61
61
5k
5*
Corporations and certain other business-type activities:
Balance sheets and loans by type (latest date September 30, 195
Income and expense (latest date June 30, 195U)
Source and application of funds (latest date June 30, 195*0
1
*).
59
57
Si
69
56
58
66
^op. 2-
Treas.
HJ
10
.A2
1955
c.2
U.S. Treasury Dept.
Treasury Bulletin
US TREASURY
)iili'ii''iii'ii'i'''''''
mm-
!''''!
LIBRARY
@FedFRASER