Full text of Treasury Bulletin : January 1956
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LIBRARY
ROOM 5030
JUN 2
3 1972
TREASURY DEPARTMENT
w-ets
HI
WEAWRY.
EUILILEmN
JRNURRV-iaSB
ARY
^^0^0^50*13
- 1^956
N\^H
ROOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
UNITED STHTES TREHSUR V DEPRRTMENI
OFFICE DF THE
SECRETRRV
January /956
Table of Ck)ntent6
Page
Treasury flnanclncj operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Treasury cash Income and outgo
10
Debt outstanding and Treasurer's account
15
Statutory debt limitation
19
Debt operations
20
United States savings bonds
26
Treasury savings notes
30
Ownership of Federal securities
Jl
Treasury survey of ownership of Federal securities.
33
Market quotations on Treasury securities
37
Average yields of long-term bonds
^0
Internal revenue collections
'+2
MonetEiry statistics
^+5
Capital movements
^9
Corporations and certain other business-type
activities - balance sheets
60
Cumulative table of contents
79
Note:
Where calculations have been maae frorn unrounded
figures, the details may not check to the totals
shown.
The Treasury Bulletin la for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington 25, D. C.
Subscription per year ^4.25 domestic, $5.25 foreign.
Single copy price varies.
I
January
A-l
1*^56
Treasury Financing Operations
91-Day Bills Refunded
Five new Issues of 91-day Treasury bills refunded the weekly
December maturities In the full amount of $&.0 billion.
Each new
Issue amounted to $1.6 billion, the equivalent of the Issue maturing.
The average rates of discount on the December Issues were
percent for December 1; 2.4-71 percent for December
g;
2.1J-50
2.59I percent
for December I5; 2.6l2 percent for December 22; and 2.6^7 percent
for December 29.
Note:
Details of Treaaiary market financing operations are shovn elsewhere in
this issue of the "Treastcty Bulletin," in the tahles on "Offerings" and
"Disposition," respectively, of marketable issues of bonds, notes, and
certificates of iMebtedness, and in the table "Offerings of Treasury
Bills."
January
19%
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Ret
receipts
1/
Period
Expend
Iturea
2/
SurpluB,
or
deficit
2/
(-)
Net of
truet
account
and other
transactions
Clearing
account,
etc.
y
2/i/
Net
increase
Net
increase in
in
public
debt, or
Treaaxu-er's
decrease
cash balance, or
decrease
(-)
(-)
LeTels, end of period
Debt oatstandlng
Treasurer's
cash
Public
balance
debt
Guaranteed
securities
Total
Federal
securities
Subject to
I imitation
5/
Fiscal years!
Wte
.
358
6,515
10,662
4,529
-10,460
2,991
9,507
20,169
24,698
14,238
72,422
136,696
201,003
258,682
269,422
-5,991*
-10,930
1,624
1*78
-1,462
1.83
i*,587
-211*
-2,135
3,883
2,047
1,839
-388
3,308
4,932
3,470
5,517
7,357
6,969
258,286
252,292
252,770
257,357
255,222
259,105
-2,299
2,096
-551
4,670
6,766
6,216
266,071
271,260
274,374
-71*
-216
6,000
6,000
27'*,300
6,983
1,751
9,942
3,767
-22,502
10,543
12,294
22,236
26,003
3,502
108,170
165,877
230,630
278,115
259,149
3,097
4,208
4,679
4,232
4,295
256,900
252,800
257,130
256,708
259,419
-1,613
-338
-2,222
791
23,1*61
98,1*16
-21,1*90
-57,1.20
-51,1*23
-53,91*1
60,1*1*8
-20,676
-521*
10,71*0
751*
-1,103
8,1*19
-291*
-1,811
-3,122
3,510
-495
99
679
12,555
21,987
31*, 01*5
ISl'S
igitJ*
'•3,635
95,059
19lt5
I»lt,lt75
igitfi
39,771
19'*7
39,786
79,1*07
61*, 271.
61*, 307
57,679
-11,136
I9W
1*1,1*88
19't9
37,696
1950
1951
1952
36,1*95
1*7,568
39,032
33,069
39,507
39,617
1*1* ,058
61,391
65,1*08
-!*,017
11*7
-1*01
1953 6/
61*. 825
71*
,271*
1*35
-250
195"*
6U,655
60,390
67,772
61*, 570
-9,W*9
-3,117
-303
-li,l8o
328
231
281*
6,966
5,189
3,1J5
61*, 500
61* ,270
230
-338
66,300
65,865
-35
23
-500
1955
1956 (Est.)...
1957 (Est.)...
555
-507
366
1*1
273,800
4,568
4,100
1,623
76,991
140,796
202,626
259,115
269,898
74,154
140,469
208,077
268,671
268,932
257,1*91
251,51*2
1.6
258,376
252,366
252,798
257,377
255,251
259,151
52
266,123
81
44
271,31*1
274,418
265,522
270,790
273,915
77
84
274,377
273,884
n.a.
n.a.
1*33
476
90
73
27
20
29
252,028
256,652
254,567
258,507
Calendar yeare:
W^ta
im
16,081
57,51.2
-1.1,1.61
31* ,227
-55,691
-53,650
19''5
1*3,678
89,918
96,896
87,271
19"^
38,568
1*1,080
-2,512
19^1
191^
1*0,389
37,955
35,623
Ul,106
37,728
56,337
2,1.31.
1*0,861*
19i*U
1*3,21*6
19'i9
37,511*
1950
1951
37,306
52,979
1952
1953
61*, 81.0
63,81*1
70,682
72,997
19511
61,171
61*, 851*
Months
6/
-1.3,591.
5,21.1
-3,592
-1,788
-266
-1,161
50,232
57,707
6i*,753
-123
-1,386
1*7,1*81.
112,471
170,108
232,144
278,6821/
259,487
110,833
171,202
239,099
288,559
258,554
42
256,981
252,854
257,160
256,731
259,461
256,127
252,057
256,413
256,026
258,794
54
76
34
267,445
275,244
278,784
266,821
274,671
278,256
4,301
4,230
1,511*
567
339
81
55
30
24
362
-18,966
-350
-229
-5<H
-21*0
-2,21.9
199
-4,100
231*
l.,331
87
-106
2,711
-405
1,111
471
-447
62
7,973
7,777
3,582
1,770
-1,488
603
6,064
5,180
267,391
275,168
278,750
-320
-«7
-533
944
1,366
4,044
4,988
6,355
274,849
274,782
270,235
75
77
77
274,924
274,859
270,312
274,362
274,300
269,757
-1,567
700
1,280
4,787
271,047
5,1*87
273,1*75
271,260
80
80
81
271,127
273,555
6,766
271,31*1
270,572
273,002
270,790
-2,542
1,233
-313
4,224
5,1*57
5,11*5
270,984
274,955
274,810
21
27
29
271,005
274,982
274,838
270,466
274,447
£74,305
1,518
641
-2,124
6,663
7,304
5,180
278,752
278,853
278,750
34
278,786
278,888
278,784
278,255
278,357
278,256
4,728
5,411
5,151
6,401
5,880
6,216
278,439
278,182
274,048
276,649
277,472
274,374
24
27
278,463
278,209
274,080
276,686
277,515
274,418
277,91*9
277,584
278,309
1*3
277,626
278,352
277,1*76
48
277,521*
277,872
277,045
279,818
280,136
48
279,866
280,189
279,388
279,713
-1.22
3U
-3,358
815
-5,81*3
-1*1
-9,157
-3,683
101
739
-185
737
5,879
1*10
-319
-209
-31.
-1.23
l.,577
6/
195'* -January.
February.
March
April.
May...
June.
5,218
l*,707
11,1.31.
5,555
2,751
5,296
5,203
7,308
-2,51*5
-te7
-1,611
3,336
l*,827
-2,000
-2,820
^8
-121
21
3,971
-145
-2,218
358
-311
391
100
101*
3,91*2
-209
101
-103
3,592
10,61*1*
July
August ....
September.
2,827
3,911
l*,951
6,731
5,019
Oc tober
2,639
l.,857
November .
December.
1*,201
3,81.2
3,71.2
6,288
-2,51.6
1955-January .
February.
March. . .
April
Msy
June . • . •
l.,655
5,1*7
l.,9te
i*,831
-287
596
9,71*1
5,891.
3,81.6
3,732
5,228
5,356
6,753
-1,1.96
-919
3,372
l*,73l.
5,382
6,225
5,1*98
5,31*0
2,692
It, 662
5,355
5,172
158
-2,663
-510
.
.
'»,1'38
10,125
July
August ....
September.
October.
.
^Jovember,
-36
5,033
5,1*1.1*
2,765
9
-135
-160
-4,51.6
391.
593
-511
2,1*28
13
11*6
-169
-97
-222
193
301.
1.25
811
-2,215
-276
351*
-311
-257
36
-4,131.
-451
682
-260
309
2,601
824
-3,098
1,250
-522
336
337
-1*0
-833
595
-1,058
-378
6,8u
-71*
3,210
725
-213
1*73
5,311*
-36
2,341
319
-62
33
-195
5,119
332
-11
-7
-16
-186
-1.3
-38I.
-69
131
-2,617
-231*
237
-1,1*91
-217
1.
5,753
5,376
31.
31*
33
37
43
44
42
53
277,697
273,571
276,179
277,010
273,915
277,11*3
_L
Source: Actual figures are from the old dally Treasury statement through
the fiscal year 1952 and the calendar year 1953; actual figures on the
new reporting basis (see footnote 6) are from the nev dally Treasury
statement and the "Monthly Statement of Beceipte and Expenditures of
the thlted States Govemiaent" ; estimates are based on the 1957 Budget
doCTjnent, released JanxMay 16, I956, Including effects of proposed
legislation. More detailed Infonnatlon vlth respect to the figures
on this page is given in succeedli^ tables.
1/ Gross receipts less transfers of tax receipts to the Federal Old-Age
and SuTTlvors Insxirance Trust Fund and the Eedlroad Retirement
Accoait, and refunds of receipts,
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established
under Section 114 (f) of the Economic Cooperation Act of 1948 {62 Stat.
150), are consolidated with budget expenditures. Beginning with the
fiscal year 1951, net investment by wholly owned Government enterprises
in public debt securities is excluded frcn budget expenditures, and Is
included vlth other such Investment under "Trust account and other
transactions."
Consists
of transactions of trust and deposit funds, investment by
i/
Government agencies Ui public debt securities, and redemption or sale
of obligations of CovemiMnt agencies in the market; excess of receipts,
or expenditures (-). For detail of content, see page 6.
4/ For checks outstanding, telegraphic reports from Federal Reserve Banks,
public debt interest accrued and unpaid beginning with June and the fls-
cal year 1955 (previously included from Hove^ber 1949 as Interest checks and
coupons outstanding), and deposits in transit and cash held outside the
Treasury beginnli^ with the fiscal year 1951*: net increase, or decrease (-)
For current month detail, see section on "Statutory Debt Limitation" in
each issue of the Biilletin. The limitations in effect during the period
covered by this table and the date when each became effective are as
follows: Maroh 28, 1942, $125 blUlon; April 11, I943, $210 billion;
June 9, Wl*!*, $260 billion; April 3, 1945, $300 billion; June 26, 1946,
$275 billion; and August 28, I954, $281 billion (temporary increase eMIng on June 30, 1956). Guaranteed securities are included under the
limitation beginning April 3, 1945. Savings bonds are Included at current redemption value beginning June 26, 1946; prior to that tia» they
were Included at maturity value. In the debt outstanding, savings bonds
are carried at current redemption value.
6/ Hew reporting basis as announced February 17, 1954 (see April 1954
"Treasury Bulletin," page A-e), beginning with the fiscal year 1953 and
the calendar year 1954. The new daily Treasury statement shows cash
deposits and withdrawals in the account of the Treasurer of the IMlted
States.
The monthly statement includes agency transactions not
cleared through the Treasurer's account, and shows receipts when they
received
by collecting officers and expenditures when ohecks are
are
lesueu or payments are made by disbursing officers.
l/ Immediate postwar debt peajc of $279,764 million was on February 28, 1946.
n.a. not available.
^
Treasury Bulletitt\
-BinXlET RECEIPTS
AND EXPENDITURES.
Table 1.- Receipts by Principal Sources
(in mllllona of dollars)
Internal revenue l/
Income and profits taxes
Flacal year
or mDnth
Individual
Corporation
2/
Hot
withhold
2/ a/
Withhold
2/
&]q)l071lient
Total
iQcone
and
profit*
For
old-age
Insurance
31,171
For railroad retirement
5/
taxes
For un-
Excise
taxes
2/
Estate
aai gift
taxes 2/
insurance
6/
Total
employ
ment j/
557
564
550
578
735
208
223
226
234
259
2,381
2,477
2,883
3,931
4,562
4,983
5,425
6,220
10,014
9,211
10,825
945
936
en^loyinent
Taxes not
otherwise
classified
2/
Total
Internal
revenue
1/
19l*S
19,735
I949
1950
1951
1952
19,61*1
11,1*36
9,81*2
29,1*82
18,189
21*, 218
32,826
10,073
13,535
18,521
28,263
37,753
51,347
1,616
1,690
2,106
3,120
3,569
21,351
21,635
54,363
53,906
49,915
4,086
620
'',537
5,3'tO
603
600
277
285
280
7
70,171
70,300 2/
66,289
53,855
55,418
6,475
6,635
625
660
320
290
7,420
7,585
9,894
9,887
1,025
1,120
5
5
72,199
74,015
3,477
4,071
9,279
113
17
64
46
31
167
161
786
628
649
709
841
62
5
-2
151
4,354
5,631
10,902
3,635
3,970
9,154
316
785
703
20
80
4
3
717
843
924
77
94
64
«
52
1,708
3,447
4,389
198
912
519
15
85
60
2
16
341
879
757
216
1,012
579
796
867
881
79
77
66
2
290
791
8ei
921
68
14
1
-1
37
2,888
4,286
378
8,301
8,348
'•1,853
^
40,307
39,449
51,106
65,635
8,303
9,423
9,726
<
=
,
Hev reporting baale :
1955
8/
33,012
21,523
10,71*7
18,265
10,396
1956 (EBt.)...
1957 (Sot.)...
20,300
20,300
11,055
11,718
1955-January .
February.
March . .
355
2,239
881
1953
1951*
21,251*
22,500
23,1*00
9 2/
,
'
6,812
71*5
2,916
1,721
1*78
2,190
602
967
2,991
l,!tl7
l,5'i5
277
115
1.685
3,001*
1,601*
271*
.
April.
Ha;...
Juno.
377
6,201
July
August. . .
September.
.
881*
51.7
328
1,100
881*
555
562
October, .
November,
392
293
178
9t
1,584
3,425
268
692
18
3,037
1956 to date..
2,659
2,349
9,51*3
llt,552
2,588
263
1,011*
20
15
1
4
67
3
1
1
1
4,771
5,788
10,910
2,801
5,404
5,916
2,763
5,223
22,107
January 1956
-BU13GET RECEIPTS AND EXPENDITURES
Table 2.- Expenditures by Major Functional Claeelf Icatlons
(in
Fiscal year
or month
Total
Iji/
Natlaoal
security
minions of dollars}
International
affairs and
finance
Treasury Bulletin
.
BUDGET RECEIPTS AND EXFE3\rDITUEES
-
Table 4.- Expenditures for International Affairs and Finance
(In mUllons of dollars)
Placal year
or nonUi
Total
WW
11/
6,026 11/
't,'t79
19^9
1950
1951
1952
1>,817
3,798
2,839
New reporting basis
lufomatlGQ
and
exchange 2j/
Total
229
265
299
277
2iM
,251 r
5,762 r
'»,5l8 r
3,521 r
2,621* r
871
156
1,913
1,396
136
l,l't3
Mutual
security 28/
Export -Ijnport
Bank 22/
131*
it65
It
'»,0't3
il/
12/
Other 32/
3,651
1,779
60
3,523
3,006
2,191
91*9
I128
"•5
88
25
lt08
8/
1955
2,l8U
1,553
1,279 32/
1956 (Est.)
1957 (Est.)
1,903
1,981
1953
195'»
1955-Januai7
FebruazT
March....
130
lUO
llt8
109 i2/
l8li
9
9
201
6
October
November
1956 to date
li7
99
-101
l,72lt
-85
-100
1,792
207
132
107 12/
135
9U
68
19
16
10
9
7
7
28
153
156
11
12
9
10
133
520
69
U2
72
ks
1
3
-13
1
55
-lit
U09
1*58
1
38
-21
-43
135
127
29
22
20
-H
70
71
Uk
93
83
-3
71
137
216
175
195
95
60
56
1,703
1,215
1,215 12/
162
Ui»
78
July
August
September
1,661
1,712
112
129
8
11
171
April
May
June
Source:
Econcmlc and technical developsent
Foreign
CoDduct
of
foreign
affairs 21/
»
-57
Footnotes on page 5.
See Table 2.
Table 5.- "Other" Expenditures
(In
Social
security,
velfare, and
health 31/
Fiscal year
or month
nilUons of dollars)
Housing and
crrnimml ty
deTelojuent
Agriculture am
agricultural
resources ^^/
Ml
WW
5,W3
l,0lf5
68
782
19't9
8,1.76
1,165
1,526
-56
-270
2,658
2,8te
l,6l40
I16O
1,672
1,801
1,8«E
1,821
-556
170
9,581
7,632
8,891
1950
1951
1952
Hew reporting basis I
10,977
9,065
n,319
1955-Januai7
Februaz7
March
April
May
,
<
,
•
,
,
Jme
July
August.
September.
October
November
1956 to date
3Jt/
TraiiBportatlaa
and
coBBSunl cation
Finance,
2S/
Industry 36/
ccmerce.
Other
ii/
1,121
1,393
287
399
1,M6
711.
1,881.
1.89
822
1,221
1,399
1,376
1,1.99
2,000
665
1,063
1,1.51
1,839
188
138
1.35
2,961
2,653
1,338
1,697
2,061.
8/
1953
W?"*
1955
1956 (Est.)
1957 (Est.)
Natural
resources
11,WI5
11,613
99"*
375
1,163
...,
,
1,1.53
lOl.
1,531
-192
63
-6
3,1.85
3,1.69
1,1U.
1,167
2,001.
128
85
2,1.96
1,783
38
uo
3I.9
39
50
201
260
97
137
-13
681.
91
96
80
2,227
89-
11.
55
597
333
31
152
-6
11.3
-1
303
156
929
69
i.teo
28
762
87
37
-28
381.
121.
339
83
106
109
175
68
1,508
179
175
I6U
30
238
231
-11.
336
919
295
73
93
777
111.
166
*
21
1,135
933
216
169
31.
362
323
95
109
6,107
901.
66
2,236
1.81.
11.
Source: See Table 2.
Footnotes 12 and remainder en page 5.
11/ Amounts appropriated to the Federal Old-Age and SurrlToro Insurance
Trust Fund are equivalent to the anomts of taxes collected and
deposited for old-age insurance (te U.S.C. tol (a)). The Social
Security Act Amendments of 1950, approved Ai^ust 28, 1950
(61. Stat. 1*77), changed in certain respects the basis of transferring the appropriated fvBids to the trust fund, Beglmlng January
1951, the anonnts transferred currently for appropriation to the
155
173
11.5
170
iWi
2
2,889
-273
-16
-52
1,029
1,002
531
1,75"*
,
2,333
2,lU0
2,192
1,81.1
1,389
1,295
2,161.
178
135
137
52
1,551.
i*,5oe
195
-26
trust fui^ are baaed on estimates of ol^-age Ineui-ance tax receipts
made by the Secretaiy of the TreasuiT pursuant to the provisions of
Sec. 109 (a) (2) of the Amendjuanta of 1950, and are adjusted in later
transfers on the basis of wage and self-employment incane records maintained in the Social Security Adjniniatration. Transfers for the fiscal
year 1955 were reduied in February by $300 million as an adjustment for
excess transfers to the trust fund of $90 million in 1952 and $210 million in 1953 . The amount of old-age insurance tax ref xmds is paid from
the trust fund as a reimbureeioent to the general fund.
January
l^5i)
-BUDGET EECEIPTS AND EXPENDITURES
Footnotes to Tables
12/
23/
Ih/
15/
16/
17/
18/
19/
20/
21/
22/
23_/
iit/
25/
26/
2.7/
1
through 5
KicltAeo til© CoTeranont'e cantrlbutloo for creditable mUltwy
eerrlce under the act of April 8, 1Sk2^ (56 Stat. 20U). Beginning
Betlreaent Account
1952, amcnmte are appropriated to the Ballroad
Act
equal to the awnnt of taxee \a»d©r the Ballroad Eetirement Tax
deposited In the Treaauiy, lees refimda, during each fiscal year
currently.
mode
are
tranafera
and
66
Stat.
and
371),
(65 Stat. 222
PreTlouflly, ftTw^yi a pproprlatlona were based. In effect, on estlated tax collections, vlth any necessaiy adJuBtmonts made In
succeeding appropriations,
Interest on refunds Is iDcliKied In Table 5 under "Other." Reimbursement by the Federal Old-Age and Survivors Insurance Trust
Fund for refunds of tales for the fiscal year (see footnote 11)
Is netted against Internal revenue refunds for the month In which
the reimbursement is made.
Erpendltxiree are "net," after allowance for reimbursements to appropriatlcos, receipts of revolving fund appropriations, and receipts credited to dis'binrslng accounts of corporations and
agencies having authority to use coUectlcns without formal corering into the Treasury, The figures Include transfers to trust
accounts. They exclude net Inveetaoent by wholly owned Government
corporations and agencies In public debt securities beginning 1951
(when such investaaent was groiqwd with that of trust funds wnrj
and accounts), and public debt retirements chargeable to the
einlcing fund, etc., under special provisions of law.
Payments to
the Treas\iry, principally by wholly owned Government corporations,
for retirement of capital stock and disposition of earnings are
excluded frcm both receipts and expenditures. Further Information
on these capital transfers may be found In the 195^ Annual Report
of the Secretary of the Treasury, page U18,
Effective June 30, 1955, Interest cm the public debt is reported on an
accrual basis; previously, beginning with November 19'*9, it wq^ reported
on a due and payable basis; for earlier periods It was reported as an
expenditure irtien paid by the Treasurer of the United States.
Prior to July 1955 consists of Veterans* Administration expenditures. Including the direct loan program. Thereafter Includes
expendltiures of the American Battle MoouBsnts Ccsmiisslon and certain
expeoiditures of the Department of Labor.
Includes transactions relating to the Foreign Economic Cooperation
Trust Fund (see page l).
Ret transactions by the Separtsnents of the Air Force and the Amy
relating to "Deposit fund accounta" are Included under "Trust Account
and Other Transactions'* Instead of "Budget Receipts and Expenditures,"
beginning 1952,
A more detailed breakdown became effective in the monthly statement
for March 1955 which resulted in a shift between "Econanic and
technical aealstance" on the one hand and "Mutual military prog -am" and
"other" national security (direct forces support) on the other.
Figures for the reclaeelfled iteoas are not available by months for
the ^ole year but are included In the total for the fiscal year,
Conelsts of expenditures by the Office of the Secretary of Defense;
retired pay for the military services beginning September I9U9,
prior to which it is incliided in expenditures of the Departaients
of the Army, Navy, and Air Force; other interservlce activities
beginning July 195^; and payments under the Aimed Forces Leave Aot
beginning July 1955 (they were Included in "Other" expenditures in
Table 5 for fiscal years I953 through 1955).
Excludes certain expenditures made on behalf of the Department of
the Air Force out of 19^ and prior year appropriations to the Department of the Amy.
Includes certain expenditures on behalf of the Departeient of the Air
Force (see footnote 21).
Consists of expenditures frca funds appropriated to the President
under the Mutual Security Act, approved October 10, 195I
(22 U.S.C. 1651), and the preceding Econcaalc Cooperation Act; and
Greek-Turkish assistance through 1953Consists of eipeaiditures of the Atcedc Energy Canmlselon.
Prior to 1953 consists of payments under the Armed Forces Leave
Act and expenditures for surplus property disposal; beginning 195^,
consists of direct forces support under the Mutual Security Act as
reported In the monthly statement.
Total Includes estimate of $200 million ui^er proposed legislation
for
the Departzaent of Defense,
Figures centered between colunoe are total expenditures of the
Department of State. Through the fiscal year 1955; no breakdown of
these expei^ltures was available in the monthly statement. Beginning
July 1955, the classification "Conduct of foreign affairs" includes
the bulk of the expenditures of the State Department, and the
expendltiovs of the Tariff Comnlssion and the ecrmaission on Foreign
-
(Continued)
and exchange" includes ex"Foreign
ruiw.itt« information
- .
the educational
Ag^y,
of the united stated Infoi™>tlon
and the Bnergenoy SMnd
SchBDge activities of the State Department,
for International Affairs
,
22/ OonolstB of expenditures from funds appropriated to the President
under the Mutual Security Act, and the preceding Economic Cooperation Act.
29/ Excludes Bank eipeMitures under the Mutual Security Act end the
preceding Economic Cooperation Act .
^0/ Inclines eipeniltureB for eoTemment and relief In occupied areas
through 1952, after vhlch expenditures for this purpose made hy the
Department of State (the greater part currently) are Incloded under
"Coniuct of foreign affairs," and those made by other agencies
(principally the Department of the Am^) are not ijioluded in this
clTlllan
tahle. Also UicliAee credit to the United Kingdom,
relief in Korea; expetdltures of the Uilted Nations Relief and
Sehabilitatlon Administration through 1950; loan for construction
and furolshlng of United Katlone headquarters; and various other
Economic Policy.
;;Mlt««B
.
-
'^!*"^"?^
WW;
31/
foreign relief and aid programs.
Through the fiscal year 1955, conaists of expenditures of the Department of Health, Education, and Welfare except the Office of
Education, and of the corresponding component organizations before
the establishment of this Department on April 11, 1953; the Govemment's contribution under the Railroad Retirement Act for creditable
military service, ani certain other Ballroad Retirement Board expenditures through 1953; and beginning 1950, the school lunch program under
Begiiming July 1955, with the more
the Department of Agriculture.
detailed' information available in the monthly statement, certain
expenditures of the Department of Health, Education, and Welfare
have been reclassified under other headings, and expenditures of
the Bureau of Indian Affairs, the Bureau of Employees Compensation,
and Justice Department pertaining to the Federal prison system are
included under this heading,
Conelsts of expenditures of the Housing and Home Flnarxe Agency;
Federal Civil Defense Administration; dlaester relief; and, beginning July 1955, National Capital Housing Authority.
of Agrlcvature except
2^ Consists of expenditures of the Department
the Forest Service and the school Itmch program; and of the Farm
Credit Administration,
year 1955, conaists of expenditures of the Departi!t/ Through the fiscal
ment of the Interior; the Tennessee Valley Authority; the Corps of
Engineers in the Department of the Army (river and harbor vorke
and flood control); anl the Forest Service In the Department of
Agriculture. Beginning July 1955, excludes, the Bureau of Indian
Affairs and the Office of Territories from the Department of the
Interior, and Inoludee appropriate expenditures of the Department
of State, Federal Power Commission, and other agencies.
expenditures of the
35/ Through the fiscal year 1955, consists of
Civil Aeronautics Administration, Civil Aeronautics Board, Bureau
of Public Roads, end maritime activities, all now In the Department of Conm^rce; 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 Post Office Department in addition to tha Postal Service Fund (advances to cover
the postal deficit). Effective with igSl*, net expenditures of
that Department, Inolullng the Postal Service Fund, are on the basis
of cash receipts and expeaiitures recoried In the accounts of the
Department. Beginning July 1955, Includes also expenditures of the
Interstate Commerce Commission, Federal Communications Commission,
Coast and Geodetic Survey, Rational Advisory Committee for Aeronautics,
and other sgencles,
the Depart^6/ Through the fiscal year 1955, consists of expenditures of
ment of Commerce except those included under "Transportation and
in
(as
Corporation
Finance
Reconstruction
Communication"; the
liquidation by the Treasury Department beginning July 195''); Federal
AdBusiness
Facilities Corporation beginning July 195'*; the aaall
ministration; the Economic Stabilization Agency; and funds appropriBeated to the President for the expansion of defense production.
In
ginning July 1955, with the more detailed infomatlon available
Exchange
Securities
and
of
the
expenditures
the monthly statement,
also
Commission, Federal Trade Commission, and other agencies are
expendiincluded in this category; and certain Department of Commerce
of
Bureau
National
and
the
Census
of
the
tures such as the Bureau
Standards have been reclassified under other headings.
agencies
other
vtJ Inclines expenditures for executive departments and
functions.
not included elsewhere and for legislative and Judicial
Lees than $500,000.
Revised,
r
>gl
Treasury Bulletin
-TRUST ACCOUHT AND OTHER TRAlfSACTIOHS
Table 1.- Summary of Trust Account and Other Transactions
lUlona
(In
Met receipts, or
ezpeDdlturee (-),
from trust account
and other transactions
Fiscal year
or BODtb
Set receipts, or
expenditures (-)
19*8
igJ*?
-1»95
1950
1951
1952
99
679
Beeelpts
Expenditures
1/
2,658
1,890
6,515 2/
Net sale, or inveetaoeat
(-), by GovemBent
agencies lii public debt
aecurltlee 1/
3,857
2/
Vet Bale, or redaction
(-), of eeoorltiea of
GoTemBent agenolee In the
aarket 1/
-3,060
-2,311
107
-7*
5,711*
3,821*
6,669
7,796
8,807
6,950
3,9*5
•,952
8,929
9,155
9,536
5,169
6,769
8,5*5
U,620
11,890
9,561
10,200
-2,607
-1,891
268
600
778
8*2
757
781
335
119
-56
571
87
51
3*8
89
36
-1,032
38
•85*
-99*
87
1
339
236
-378
-16
-55
-6*
^81
3,852
3,855
lli7
Hev reporting baela:
of dollars)
Trust and deposit fund acoounts
iioe
-3,557
-3,636
38*
-78
-3,301
-2,05*
-1,362
-25
3/
1953
3,760
2,386
992
2,059
1.691
328
231
1951*
1955
1956 (Eat.)
X957 (Bat.)
-338
1*1
1955-Januai7
February
March
332
-11
-7
-57U
-158
April
May
June ................
-164
•^1
July
August.
September
-3
-J*3
5811
-69
925
528
1,320
1,675
1,070
736
750
-231*
-7
71*5
752
775
33
1,502
721
727
688
900
668
-217
•••.••
337
October
November
!»/
-213
33
-39li
505
1*7'*
i,iiia
Source: Actual figures through 1952 are ft^cn the old daily Treaaury atatement; actual figures on the nev reporting basis are frcn the "Monthly
Stat«otfnt of Beceipta and ^cpendituree of the Uhit«d States Gorenoent";
estimates are based 00 the 1957 Budget docuDent, released. Janiiaiy 16,
1956, Including effects of proposed legislation.
Prior to 1951 net Invealaiient in public debt secttrities by certain trust
accounts aiKl by deposit fund accounta la Included in trust and depoait
fund account expenditures and excluded froa net InTeetanent by Goremmentagencies (See Tables 3 and *); for trealanent of security transactions of
Govenansnt-sponeored enterprlaes beginning 1955, see footnote U.
2/ deludes Foreign Econcmic Cooperation Trust Fund (see page 1).
i/ As amourced February 17, 195* J aee page 1, footnote 6,
*/
^
,
it/
-*
y
6oe */
211
2*2
-663
Ubder a rerised clasaiflcatloa in the monthly Treasury statement,
effective July 1, 1955, the security traneactions of Govemmentaponsored enterprises are iiv;luded in deposit fund account expenditures (net) and excluded from net inveslSDent by Gorenment agenolea
in public debt securities (see Table *) and f^xn net redemption or
sale of obligations of Gorenraent agenclea in the market (aee
Table 5) . Figures previously published for the fiscal year 1955 have
been revised to the nev classification basis. The 1957 Budget
docuDent includes with net investment in public debt securities by
Government-sponsored enterprises "w^ti amounts of net investzaenta by
other deposit fund accounts ^ich are classified as quasl-govemmental.
Table 2.- Trust Account Receipts
(In millions of dollars)
Faieral Old -Age
and Survivors
Insurance Trust
Fund
Fiscal year
or Bonth
19*8
19*9
1950
1951
1952
6,515 2/
5,71*
6,669
7,796
8,807
Nev reporting basis ;
*/
8,929
9,155
9,536
1953
195*
1955
1956 (Est.)
1957 (Sst.)
1955-January
Fabmary
Haich
April
May
June
July
August. ............
September
October
Hovember
1,807
1,92*
2,367
3,*11
3,932
Kailroad
Retirement
Account
Unes^loyment
Trust Fund
National Service
Life Inauranoe
Fund
Government
Life
Inauranoe
Fuul
GovemBent
amployeea
retirement
funds 1/
Other trust
fuMe and
accounta
2/
January
19%
-TPUST ACCOtHIT AHD OTHER TRAHSACTIOHS
Table 3.- Trust and Depoeit Fund Account Expenditures
(In millions of dollars; negative figures are exoese of credits)
Treasury Bulletin
-TRUST ACCOUNT AND OTHKP TRANSACTIONS
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(la
mlUlona of dollare; negative
flg-uree are exceae of sales)
Tmst
Placal year
or month
igttS
Total
trust
accounts
3,0603/
2,3113/
,
19^9
1950
1951
1952
,
3,557
3,636
Hev reporting basis:
Federal Old -Age
and Survivors
Insurance Trust
Fund
1,19"»
Ballroad
Retirement
Account
569
346
3,355
1,29U
1,U1U
1,678
1,950
336
357
449
-402 3/
3,369
Ubeniploy-
nent
Trust
Tund
446
accoimts
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
461
353
-1,946
-26
650
91*
8
583
-245
1
-160
-724
32
32
2,05'*
1,362 5/
3,068
1,688
1,236
1,545
1,522
1,241
280
202
141
590
-248
-545
59
23
73
-65
-1
1956 (Est.)
1957 (Est.)
2,607
1,891
2,516
1,777
1,592
1,039
111
122
177
126
96
-10
-14
3,301
April
May
June
,
,
,
October
November
-335
-119
56
-336
-127
-113
-123
Its
212
-3W
-358
656
1,032
259
976
-334
-251
377
-228
179
663
1,032
July
August
September
254
991.
-319
-236
,
employees
retlrenent
funds 1/
363
447
543
573
624
Other trust
accounts 2/
9
-6
y
1953
195^
1955
1955-^anu'U7
February
March
Govemaent
373
5
-37
36
14
-180
-26
-173
-206
412
536
-36
39
-101
185
99
265
438
-269
-2
2
588
252
Silt
9
1
14
503
513
17
17
-e
-2
-10
-10
-3
-4
-5
-4
6
18
-2
-16
-6
144
37
230
-44
45
29
218
50
-66
-9
-7
-5
-2
15
235
14
-6
-2
-29
-42
161
-7
-6
-4
35
40
19
18
-8
-6
-3
-1
3
*
12
-12
7
«
January
Treasury Bulletin
10
.TRKASURY CASH INCOME AND OUTCO.
The cash Income and outgo of the Federal Government
as possible to that of the new dally by excluding those
are presented frcm two polnta of view In the tables which
agency transactions In public debt securities and In
In line with the differences In reporting bases
agency obligations In the market vAilch were not cleared
through the Treasurer's account.
follow,
between the new dally Treasury statement, first Issued on
February 17, 195"*. and the "Monthly Statement of Receipts
and Expenditures of the United States Government," Initiated
Table 1 summarizes cash flows through the Treasurer's
the same time (see April IS^k "Treasury Bulletin,"
page A-2). The bases differ both in coverage and In timing
account as reported In the dally statement.
of the reports.
cash outgo, or withdrawals; and cash borrowing or repayment
at
grouped In three categories
of borrowing.
In coverage the new dally statement reports only
transactions which clear through the Treasurer's account.
The monthly statement Includes transactions of all Govern-
ment agencies, regardless of whether the transactions
clear through the Treasurer's account. In addition, the
monthly statement classifies the transactions to show
separately budget results and trust accoiuit transactions.
The net results are then reconciled to changes In the
—
They
are
cash Income, or deposits;
The three taken together account for the
change In the Treasurer's cash balance.
Tables
2,
3>
^^^
'*'
show tne derivation of these same
three categories of cash flows on a monthly statement
basis, covering transactions of all Government agencies.
These three categories taken together account for the
Treasurer's cash balance and In the public debt outstand-
change In cash balance on the monthly statement basis,
which Includes not only the balance In the Treasurer's
account but also the cash held outside the Treasury and
ing as reported In the dally statement.
the Items In transit represented by the clearing accounts.
Since there are now reported figures for the cash flows In
For the transactions Included In both statements,
there are differences In the timing of the reports.
Re-
ceipts In the monthly statement are principally on a
collection basis, while those In the dally statement are
on a clearance basis; expenditures In the monthly statement
the Treasurer's account,
each category
—
It Is possible to calculate for
Income, outgo, and borrowing
the
—
difference due to differences In reporting bases. The
sum of these differences, or reoonclllatlon adjustments.
In the three categories, with signs appropriate for their
that month In one statement and not until the following
effect on the cash balance, equals the difference in
balances between the monthly statement and dally stateThis difference Is the combined total of the
ment.
monthly statement clearing accounts plus cash held out-
month In the other.
side the Treasury.
are on a checks-Issued basis, while those In the dally
statement are on a checks-paid basis.
Thus an Individual
transaction near the end of a month may be reported during
These timing differences tend to cor-
rect themselves over a period, but for a given date they
must be taken Into accoxmt In reconciling data from the two
The calculated reconciliation adjustment figures In the
tables Include both coverage and timing differences.
reports.
It Is
no longer possible from the Information as reported to the
Cash transaction figures prior to 1953 ^^e derived
from a single source, the old dally Treasury statement,
which resembled the present monthly statement In coverage
Treasury to segregate the two kinds of differences even for
and In classification of transactions, but for timing was
based on Information In hand at the end of the reporting
long as the overall coverage Is secured for transactions
not cleared through the Treasurer's account, and the figures
period.
In the tables which follow,
figures from the old
securities transactions.
But such segregation Is not
regarded as significant for purposes of this analysis,
are on a consistent reporting basis.
dally statement have been adjusted tn a coverage as close
Wote l The omgh inocme and oxztgo data in th«ee tables are being
revised to a ba^ia consistent with Federal Goremnent receipts
fraa and paTmente to the public as derived In the 19^7 Budget
dooment. The revised series will appear in an earl^ iasuo of
the "Treasury Bulletin,
so
January
19%
11
.TREASUHY CASH ITICOME AND OUTGO.
Table 1.- Summary of Cash Transact ions through the Treasurer's Account
(In BllHoQe of dollars)
Net caeh transactions other than borrowing
Flacal year
or iBOsith
Cash
deposits
Cub
vlttadravals
12
Treasury Balletin
.TREASURY CASH INCOME AND OITTOO.
Table 2.- Derivation of Cash Income
(In
mlUlona of dollars)
Bscelpts
Fiscal year or Bontb
Budget
Less:
Plus:
BoDcasli Itaaa
dediicted fron bud^t
Interfund transactions
Payroll deductions
Transfers, budget
for eoployees*
to trust accounts
rstlreaent
Be lAbur seBsnt
to budget froB
trust accounts 2/
(net) i/
Truat
account
WW
1*1, uae
6,515
19''9
37,696
5,71'»
1950
1951
36,'>95
'17,568
61,391
6,669
7,796
8,807
1953
195^
1955
64,825
64,655
60,390
8,929
9,155
9,536
73,75^
1956 (Est.)
1957 (Eat.)
64,500
66,300
11,620
U,890
76,120
78,190
'•,655
5,l«27
't,923
7
24
3
6,027
10,519
3
3lt
9,741
268
600
778
1
40
2
2
3,732
4,438
10,125
528
1,320
1,675
4,260
5,758
11,800
5
3
38
46
46
3
2
2
July
August
September
2,765
3,510
6,235
6,220
40
5,498
745
1,502
721
2
13
3
October
Norember
2,692
4,662
505
1,142
3,197
5,804
1952
Rev reporting basis:
Total
rscelpte - excess profitE
tax refund bonds 2/
-10
-4
-1
-1
48,003
43,410
43,164
55,364
70,198
April
May
June
',73'*
Less:
-1
73,
8U
69,926
Fiscal }ear or nontli
Interfund transactions - (Continued)
To Treasury
by aoTemnsnt
agencies
Other
5/
746
841
880
892
987
112
33
73
87
100
1,030
188
30
148
1,094
1,188
1,173
144
7
221
1955
1956 (Est.)
1957 (Est.)
1,204
1,288
1948
19'*9
1950
1951
1952
462
164
171
420
430
439
66
76
87
1*55
555
465
55'*
108
115
14
By Treasury
to trust
accounts
Total
Interfund
transactions
61
5''
3
'•3
4
48
69
3
'•9
5
Equals: Cash
incoms, Bonthly
Treasury state
Bont reporting
basis 6/
Adjustaent to
new dally
Treasury
stateuent
reporting
basis 1/
Equals : Cash
iocome (deposits) in
Treasurer's
account
2,59'*
'»5,399
1*5,399
1,778
2,192
1,923
2,104
41,628
40,970
53,439
68,093
41,628
40,970
18
17
2,194
2,097
2, 061
71,560
71,714
67,866
16
12
2,621
2,810
73, '•99
73,'*99
75,380
75,380
13
53,1*39
68,093
4/
1953
195't
1955-January
February
March
3
5
17
April
May
June
173
283
376
42
4,881
53
64
5,97'*
-582
332
4,299
6,306
10,454
488
10,9'*3
78
59
926
4,182
5,699
10,874
-532
-152
3,651
171
11,045
394
156
77
3,115
6,079
6,143
-121
-155
2,994
6,333
5,988
151
62
3,046
5,742
-177
2,869
192
5,93't
7
•••......
October
29
Noresiber
6
71,3'*5
71,815
67,769
5
4
32
779
*
2
17
-215
101
-96
9
79
5
•
10
26
11
1
Source: Actual figures through 1952 are based on the old dally Treasury
statement; actual figures on the nev reporting basis are based on the
"Monthly Statement of Feoelpts and Expenditures of the United States
Government" and the new dally Treasury statement; estimates are baaed
on the 1957 Budget docimient, released January 16, I956, includlre effects of proposed legislation. The monthly statement figures for a
given mcoth appear In the Bulletin Issue following that which carries
corresponding dally statement figures In Table 1.
For further detail, see "Budget Receipts and Expenditures," Table 1.
1^ Deduction from budget receipts of the tax refunds represented by
these bonds is treated as a noncash deduction at the time of issuance
of the bonds and as a cash deduction at the time of redemption of the
bonds (see Table 4); net Issuance, or redemption (-),
By
Federal Old-Age and Survivors Insurance Trust Fund through
1/
October 1948. Thereafter includes also reimbursements from the
District of Columbia and Panama Canal Company.
For explanation, see headnote.
Includes proceeds of ship sales carried in trust accounts pending
allocation to budget receipts from sale of surplus property, transfers between trust accounts, and payment of earnings or repayment of
^
24
17
21
26
15
Sin
Interest payments
July
August
September
236
327
358
378
411
''55
U/
1955-January
February
March
Hew reporting basis:
366
834
397
567
6/
jj
*
254
5,5'*7
capital etoclc to the Treasury by corporatlona not vfaoUj ovned.
Figures for 19W Include $8 Billion of amed foroee leare bonds redeemed for instnrance parealums; after August 3I, 19^*^7, these bonds
were redeeaable for cash.
Beflecte tranaactlooa of all Gorernment agencies regardless of vhether
the transactions cleared through the account of the Treasurer of the
Ublted States.
For explanation of differences in reporting bases beginning 1953, oee
headnote. The net of these differences for all transactions in a
given period la reflected In the conblned net of the change In clearing account ItoBS vhlch reconcile to the Treasurer's cash plus the
change In cash held outside the Treasury, ae reported In the monthly
Treasury atatanent. Cash outside the Treasury Includes cash in the
hands of disbursing officers, and comierclal bank balances of Goremnent agencies. Beportlng differences relating to receipt transactions
are shown In this table; ezcese of recelpta on onthly stateaent basis
Is deducted.
Less than $^00,000.
January
19%
13
.
TREASURY CASH INCOME AHD OUTGO.
Table 3.- Derivation of Cash Outgo
(In millions of dollara)
Ecpeudlturee
PI seal year
Budget 1/
or nooth
19118
33,069
39,507
39,617
44,058
19*9
1950
1951
1952
65,
Hev reporting baale:
we
Trust and
deposit fund
accounts 2/
3,857
3,824
6,950
3,945
4,952
Dedxictlons from expendlturee
Leas:
Boncaah expenditures InvolTlng Issuance
of public debt securities i/
Interfund
tranaactlons
(Table 2)
36,926
43,331
46,567
48,002
70,359
Armed
forces
leave
bonds 4/
Adjusted
service
bonds 5/
Botes issued to
International
Bank 6/
-
International
Monetary Fund 6/
-1,229
-164
-95
-160
-68
-4
1,778
2,192
1,923
2,104
-1
-9
-1
-1
-1
109
156
2,59''
-2
-2
-1
-350
-25
-41
-563
-98
207
13
l/
1955
74,274
67.772
64,570
5,169
6,769
8,545
79,443
74,542
73,015
2,194
2,097
2,061
-24
-14
-8
1956 (Est.)
1957 (Eat.)
64,270
65,865
9,561
10,200
73,831
76,065
2,621
2,810
-8
-8
55
50
,942
5,784
5,588
6,675
48
,694
842
757
781
64
-1
-1
-1
36
,228
,356
,753
1,070
736
750
6,297
6,092
7,502
78
-1
926
-11
,382
,225
752
394
156
77
46
151
62
1953
195't
1955-January
February
March
'?!
y^ii
May
June
,
July
August. ....,,.•.•.•
September
5,340
727
688
6,134
6,952
6,028
October
Norember. ...........
5,355
5,172
900
668
6,255
5,840
Lees:
Noncaab Intereet
on savings bonds
and Treasury
blUs 8/
Flecal year
or moith
1948
1949
1950
1951
1952
559
580
574
53
30
6
Govemnent-
-99
313
69
779
Toted
deductions
719
524
497
,
938
2,388
2,932
2,413
2,804
35,988
40,943
43,635
45,589
67,555
375
315
-109
-24a
-45
2,917
2,716
2,596
2,801
3,122
76,527
71,826
70,519
354
5
261
104
20
April
May
June
31
39
51
-65
-141
50
16
825
July
August
September
69
1955-Jauuary
February
March
October
November
Biuals: Cash
outgo, monthly
Treasury statement reporting
basis iO/
1/
1953
1954
1955
1956 (Est.)
1957 (Est.)
6
(Continued)
sponsored
enterprises
638
New reporting basis:
-
Security transactions of
Govemment enterprises
Included In expenditures 2/
28
8
59
Deductions from expendlturee
Public
enterprise
funds
51
-17
....i
28
-82
148
124
31
-136
-168
41
-U5
373
18
1
26
40
-208
-43
-8
93
Adjustment to
new dally
Treasury statement reporting
basis U/
455
-475
-548
137
232
Equals
Cash
outgo (withdrawals) from
Treasurer's
account
:
Treasury Bulletin
11^
.TREASURY CASH IBCOME AND OUTGO-
Table 4,- Derivation of Cash Borrowing or Repayment of Borrowing
(In mllllona of doilare; negative flgTJree indicate net repajment of barrovlne)
Leae: Deductions from public debt borrotlng
Noncash net
investment in
public debt
securities, or
sale (-) 2/
None ash
interest
Fiscal year
or month
Public
debt in- on
creaae, savings
or debonis
crease
azid
(-)
Treasxury
^
trust
accounts
bills
1/
Armed
3y GoT- forces
erament leave
agenciee bonds
y
19'*.
559
580
3,060
2,311
-2,135
3,883
638
779
3,369
3,355
195'*
2/
6,966
5,189
719
52 It
1955
3,U5
1(97
3,068
1,688
1,236
-7lt
375
315
2,516
1,777
-5,99't
19lt9.
1950.
1951.
1952.
-IM)5
't,587
Hew reporting basis:
1953
1956 (Ket.).
1557 (Est.).
-500
1955 -January,
Februaiy,
March ....
-3U
Adjusted
service
bonds
y
y
-69
-1,229
-1*
319
97
186
281
-161.
-2
-2
232
366
296
•31
318
-eit
-95
-160
-68
-lU
-8
Notes to
International
Bank and
Fund
-913
-123
-1
l66
-1
13
-9
-1
-1
-1
109
156
-8
-S
2ae
kg
55
28
1,39't
2,916
33lt
-22
k,Okk
384
'.,336
-72
•,023
2,673
2,177
881
-25
-4
2,918
2,512
1,819
-2,649
-2,461
-155
-856
-240
2,763
2,255
1,579
-2,649
-2,461
284
-205
-4,198
-24
63
259
-143
-4,270
280
171
2,717
-154
-55
-7k
60
-U
July
August....
Septenber.
3,210
725
69
l4£
-833
259
976
-33U
-lllO
31
kl
October,
2,31*1
26
319
i»o
-31
-26
-83
5n
-88
137
-37
Ha
-95
227
61i4
8/
^
2/
*
73
29
36
27
through
the
Treaeurer
account
-7,333
-2,621
4,163
-5,874
-695
3,004
-130
-454
-358
656
1,032
793
492
Equal:
Net cash
borroving,
or
repayment
-52
-108
-68
-79
-170
120
59
31
2,1*53
Adjustment
to new dally
Treasury
statement
reporting
basis 8/
-7,280
-2,513
4,231
-5,795
-525
233
975
-320
2,601
82 1»
-3,098
Source:
See Table 2.
1/ Accrued discount on savings bonds and bills which Is Included In the
principal of the public debt, lees Interest paid on savings bonds and
bills redeemed.
2/ See "Trust Account aui Other Transactions," Table 4. Figures Include
Investment by Government-sponsored enterprlsee, vblch appears in the
table as a memorandum beginning 1955.
Treated as noncash at the time of Issuance and as cash at the tine of
redemption; net Issuance, or redemption (-).
4/ Excluded from borrowing because the transactions are treated as expenditures In Table 35/ Excl\^ed from borrowing because the transactions are treated as deductions from receipts in Table 2.
6/ See "Trust Account and Other Transactions," Table 5. Figures Incluie
transactions of Govemment-eponsored enterprises, wh'.ch appear In the
table as a memorandum beginning 1955.
1/ Beflects transactions of all Government agencies regardless of whether
the transactions cleared through the account of the Treasurer of the
107
-74
238
1<2
-251
377
(-)
6/
(-),
monthly
Treasury
statement
reporting
basis 1/
-376
620
1,132
-336
-127
5
,
redeanptlon
^
-10
-4
-1
-1
-1
agencies
in the
market, or
8
36
51
-17
TXorember,
tions
Govemmant
3,369
-257
39
51
Total
deduc-
EzoesB
profits
tax
refund
bends
55
50
-1',13't
April.
Ha;...
June.
FLos:
Equals:
Net sale
Net cash
of
borroving,
obligations
or
of
repeTBent
Issuance of public debt
Becurltles representing
expenditures, or refunds
of receipts i/
3,006
239
-3,992
-72
-52
-30
-40
2,955
209
-4,031
-50
2,953
-5
-9
-135
-462
11
2,728
-178
eu
For explanation of differences in reporting bases beginning 1953,
see headnote. The net of these differences for all transactions
for a given period is reflected In the combined net of the change
In clearing account items which reconcile to the Treasurer's cash
plus the change In cash held outside the Treasury, as reported in
the fiy^nt.hTy Treasury statement. Cash outelde the Treasury Includes
cash in the hands of disbursing officers, and co^aarclal bank
balances of Govenu^nt agencies, Beportlng differences relating to
borrowing transactions are shown in this table; excess of borroving
on the mcnthly statement basis Is deducted. Prior to 1953 the
adjustment Items ccsislst of Government agency securl^ transactions
which did not clear through the account of the Treasurer of the
United States.
For explanation, see headnote,
7,ess than $500,000.
United States.
Footnotes to Table 3
Footnotes 1 through 10 on preceding page.
11/ For explanation of differences In reporting bases beginning 1953
see headnote. The net of these differences for all transactions
for a given period la reflected In the combined net of the change
In clearing account Items which reconcile to the Treasurer's
cash plus the change in cash held outside the Treasiiry, as reported In the monthly TreeRury statpment. Cash outside the
Treasury Includes cash in the hands of disbursing officers, and
commercial bank balances of Government agencies. Reporting dif-
-
(Contlnuedl
ferences relating to expenditure transactions are shown In this table:
excess of expenditures on the monthly statement basis la deducted.
Prior to 1953 the adjustment items consist of the net change in clearing account items exclusive of the amounts representing security transactlons not cleared through the Treasurer's account, triilch are adjusted
In Table 4.
Lees than $500,000.
January 1956
15
DEBT OUTSTANDIKJ AHD IREASUREP'S ACCOUNT
Table 1.- Summary of Federal Securities
(In Blllloiu of doULarB)
16
Treasury Bulletin
DEBT OUTSTAHDUt; AMD TREASUEJI^'S ACCOUHT
Table 3.- Special iBsues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
January
17
19%
DKOT OOTSTAHDIHG AHD TRKASDRER'S ACCOUHT
Table 5.- TreaBury Holdings of Securities Issued by Govenunent
Corporations and Other Agencleai/
(In HlLUoiia of dollars)
End of
flMKl
Total
year or
Bontb
19>i8
19^9
1950
1951
1938
1953
195*
1955
195U-Deo
. .
CaiB0dlt7
Cradlt
Corporatlcn
Defense
Frodnatlcn
Aot of 1950
2/
rederal
Vatlonal
Mortgage
Aaeoolation
y
Intematlanal
Eonalng
FnUlo
Beccsi-
Cooperation
and Hcoae
rinanoe
Adnlnia-
Eonelng
•tractlon
Tlnanoe
Corporation 1/
MnlQlstratlon 2/
158
395
l,01iO
12,196
3,612
Itl6
1,227
12 ,91*9
lk,l80
l,3't7
16,275
7,608
773
i,ooe
l'.,633
5,532
991
5,738
5,881
99't
!S
90
2,176
257
14
448
95
107
79
2,221
2,221
2,221
292
226
14
14
14
448
448
476
124
124
130
79
86
61
2,271
2,240
2,240
226
229
229
14
14
14
477
477
507
134
134
144
64
86
61
58
61
2,300
2,267
2,267
2,312
2,312
187
187
187
14
508
509
555
159
154
61
1,208
U4
1,209
1,208
1,209
120
120
124
1,209
1,209
1,209
1,209
1,210
1,210
1,210
1,210
1,35*
2,449
6,ii26
999
1,002
1,305
1,304
1,293
1,922
1,943
1,945
7,067
7,356
7,608
1,003
1,00V
1,002
1,293
1,331
1,310
1,968
1,975
1,966
1,285
1,285
1,272
1,983
1,979
1,967
1,270
1,271
1,987
1,997
June.
16,275
Julj.
Aug..
Sept.
16,377
17,188
17,Wt9
7,6iiO
8,730
1,052
1,053
1,056
Oct..
17,9te
18,292
9,085
9,389
1,105
1,109
8,1*78
Dallj Treaenry atatcoeat.
The seourltloe ehown In thle taWe vere laeued to the TroaamT to
finance OovernMnt corporations and other agencies vlth the TroasniT
Itself raising the necesaaiy fnnds through pohllo deht operations.
To STOld duplicatlcn, those Becuritles are not Inoloded In the
guaranteed debt outstanding as ahovn In preceding tahlee.
Serrlcee Mmlnlstra2/ ConslBtB of notes of the Admluletrator, Oeneral
Protlon heglnniDg January 1951 (Admlnleti-ator, Defense Materials
for defense
July
through
1953)
January
1952
curement Agency,
materials proourement; Beconstructlon Finance Corporation January
under this
1951 through September 1953 (after vhloh Ito activities
set were transferred to the Secretary of the Treasury), and the
Secretary of the Treasury heglnnlDg Octoher 1953; the Secretary of
beginthe Interior (Defense Materials Exploration Administration)
ning June 195I; the Export-Import Bank of Washington beginning
April 1952; and the Secretary of Agriculture beginning June 1954.
Eicli^eB securities Issuod under Defense Production Aot.
the
r/ From SeptsBber 1950 through July 1954, consists of notes of
for the
Housing snd Home Finance Administrator Issued to borrow
taken
llabUitles
of
Association. Beginning August 1954, consists
Association from the Administrator In aooordanoe vlth
6/
1/
^
orer by the
the
Public law 560, approved August 2, 1954, and notes Issued by
September
Association under authority of that aot; and beginning
Klnance
Beconstructlon
the
from
transferred
1954 also securities
AssoCorporation (see footnote 7). Prior to Septaabor 1950, the
ciation me financed from funds of the Beconstmotlon Finance
stock.
capital
the
Corporation, which owned
lo. 10610,
Established In the DepertMnt of State by KreoutlTe Order
as
dated May 9, 1955, and effective at the close of June 30, 1955,
Data
for earlier
Administration.
Operations
oucoeesor to the Foreign
2/
8/
9/
ID/
244
226
2,240
655
215
1,310
l6,0li«
Other
2/
34
29
14
67
103
130
1,189
1,203
1,209
Itay..
tratlon
Tenneeaee
Telle;
A)ithant7
171
226
229
1,456
274
197
2,Wi6
2,233
1.966
15,732
Mmlnla-
taX7 of
Agrleultore
8/
54
52
49
44
39
1
30
44
1,088
Svpal
lleotrlfloatlon
65
114
131
1,549
2,038
961t
Manila
^^tlon
36a
337
349
4S9
655
782
964
1,097
1,150
91't
Sooroe:
5/
tMtor 6/
971
Apr..,
or,
VasMnston
3/
1,669
3,193
2,555
1,970
MKT..,
r»y>...
Ii^ort
Bank of
2,789
6,851
8,l«3
9,097
9,636
14,358
1U,W»7
15,016
1955-jBn.
ficpeort"
144
174
718
1,015
1,231
1,540
1,751
1,950
2,n7
201
212
212
100
207
178
507
555
556
periods are for predecessor agencies.
Consists of lutes Issued to borrow for the urban renewal program
(formerly elxxn clearance program), the prefabricated housing loans
prograa from Septaaber 1950, when it was transferred from the Beoonstncticn Finance Corporation, through Hovember 1954; and housing
loans for edncatlcnal mstitutlcms begiiMiln^ July 1951. lotes issnsd
to borrow for the Federal lational Mortgage Association are shown under
the Association.
KlolndoB aecurltlee issned under Defense Production Act of 1950; includes securities issued under Federal Civil Defense Act of 1950
through Hov«aber 1953, after which they ware taken over by the
Secretary of the Treasury, purausnt to the act approved July 30, 1953
(67 Stat. 230), aM are Inclixled under "Other." Daring September
securi1954, unier Eeoiganiiatlon Plan Bo. 2 of 1954, the remaining
ties issued by the Corporation to the Treasury were transferred as
follows! $42 million to Sxport-Ii^ort Bank of Waahlngton, $92 milllco
to Federal Hatlonal Mortgage Association, and $14 million to ftonll
Business Administration.
For Farmers' Some Administration program.
ComslBta of notes issued hT Federal Farm Mortgsge Corporation and
Home Owners' Loan Corporation prior to 1950, Tligln Islands Compsny,
igkS-kg, Secretary of the Arny (natural Fibers Eevolvlng Fund)
footnote 7),
191,9.51 Secretsry of the Treasury beginning 1953 (see
advances
and a.. 11 Business Administration beginning September 1954;
program
under agreements with Veterans' Administration for direct loan
SeaLawrence
Saint
beginning August 195O; and revenue bonds issued by
Movember
1954.
beginning
Corporatioi,
way Development
interest,
Botes outstsndlng in the amount of *9,365 million, including
were canceled on June 30, 1948 (62 Stat. II87).
1«
Treasury Bulletin
DEBT our3rAin)iii&
mh
rosAsuRBi's itccourr
Table 6.- Statue of the Account of the Treasurer of the United States
(Is Billloii* of
doU*n)
Asset*
BnlllaQ, ooln, and cvrreDoy
ISd of riMKl
7*Ar or MontJi
Dspoalts In 7«der*l Bsaerr* Banka
AralUkla
fnds
19W
5,370
3,862
5,927
7,871
19'>9
1950
1951
1952
7,Wl
1,073
1,022
1,052
1,0*6
1,009
191
219
191
176
1,928
*38
950
338
19>>
333
In procoae
of collaotlon
123
103
1*3
Other
depoalta
aid
collaotlooa
Dapoalta In
speolal
dasoaltarlsa
depoal
UaMUtlaa
Balance In
acoomit of
Treasurer of
V. 3.
1,773
1,771
3,268
5,680
5,106
283
309
323
380
*8*
*38
392
*10
51*
512
*,932
3,*70
5,517
7,357
6,969
3*3
3,071
*,836
*,365
538
570
593
*26
*76
1*6
*,6to
6,766
6,216
250
355
210
27*
5,096
7,2*3
6,362
98*
*97
161
191
'•93
lfl7
875
380
19911-Dee
5,3Wi
'89
166
563
3,*6l
55*
16* 2/
5,180
1977'^<uii]ai7.
'1,883
"•85
208
5,55*
5,30*
"•93
501
191
176
320
196
1*9
2,907
3,561
3,203
603
5*9
550
15*
1**
153
*,728
Marota....
360
56*
72*
Ajrll
6, 5**
"•95
itar
6,070
6,362
*96
*93
175
188
187
81*
6*9
380
362
153
3*3
*,023
*,05*
*,365
67*
530
593
1*3
190
1*6
6,*01
5,880
6,216
Jvlj
August...
Septenber
6,957
5,888
"•97
It98
6e*
393
55*
179
1*3
191
t:'iS
3,638
51*
501
506
6,811
li99
171
163
11^
1*6
135
5,533
October.
NoTenber.
5,lt55
i>88
1119
*6*
5,280
1>96
1*5
k77
177
1*1
3,672
3,538
*85
*S3
1953
195k
1955
rebruary.
June
132
Sooroet Dally Treasul7 atatiaiwit.
On account of withheld taxes and aalas of OorenHent eeonrltlaa.
Beginning December 195*, ?oat Office Departaant ami Poattastara' dlaboralng accomts ars no lonffar trsatad as llabUl^ aooomta of th*
X/
3/
m
157
1*2
161
5,*U
5,151
5,753
5,376
5,31*
5,119
^rmmMnxwr of Xh» XJ, 8. , b«t
classlf Isd and treatsA la the ssaa
aanar as other dlabnralns aoeomta, in aecoz^asoe «lth the ohanga In
Method of reporting Poet Office Depar^saat tranaaoticoa (aee page 5,
footnote 35).
January
19%
19
ftTA'HFT'^WY
PFPT TJMTT^
20
Treasury Bulletin
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding November 30, 1955
(In millions of dollars)
January
19%
22
Treasury Bulletin
DEBT OPERATIONS,
Table 2.- Offerings of Treasury Bills
(Dollar anounte in mllllcmjs)
January
19%
23
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Data
Period to
Dat«
au1)scrlptlon
boolcs
opened
Aaouut of
eubecrlptlons
tendered
-
Description of aeourlty
of
leeue
voro
PlTBt
Mftturll^
caU
Caah 1/
Amount Issued
For
Exchange
cash 1/
In exchange
for otiier
securities
Allotasnt
ratio
(In MllllonB of dollars)
6/16/52
8/U/52
9/15/5S
y
11/17/52
2/2/53
y
7/1/52
7/1/52
8/15/52
10/1/52
10/1/52
8/15/52
2-3/95i Bond
1-7/8)6 Certificate
2/15/53
2/15/53
2-l/U)t
2-1/2)6
1-1/2)6
3-1/''*
5/8)6
1/2)6
Certificate
2*
2-1/8* Note
l-l/25(.
256
Note
Certificate
Certificate
Boirl
n/9/53
3/''*
11/18/53
12/1/53
2/15/53
1-7/8*
2-1/2*
Note
Bond
Certificate
Certificate
Certificate
Certificate
Note
Note
Bond
Note
Bond
2/1/5'*
2/15/5''
2/15/5''
1-5/8*
2-1/2*
1-1/2*
1-7/8*
Certificate
Bcml
Note
Note
''/1/53
5/1/53
6/1/53
7/15/53
8/15/53
9/15/53
9/15/53
10/1/53
V13/53
5/20/53
7/6/53
8/5/53
9/2/53
i/
10/28/53
''/1/5''
ii/
5/l»/5'»
5/17/5''
5/5/5''
5/17/5''
8/2/5''
8/15/5''
8/15/5''
7/21/5''
8/3/5I'
IO/I1/5''
9/23/5''
11/22/5''
.
2/1/55
3/22/55
it/
5/3/55
7/8/55
7/11/55
7/20/55
10/3/55
!t/
11/28/55
2/
2/
U/
^
6/
2/
5/8)6
7/8*
1/2*
1-1/8*
1*
1-1/8*
2-1/8*
1-5/8*
1-1/2*
1-1/8*
Certificate
Certificate
Certificate
Bond
Note
Note
Certificate
l-l/li* Certificate
2-1/2* Bond
1 yr
5 yr
6/15/78-83
5 yr
30 yr
6/l/5l'-B
lyr
3/15/57-A
IO/I/58-BO
9/15/61
12/l5/5''-B
12/15/58 6/
2/15/55-A
5/17/55
7/18/55
2/15/55
8/1/55
5/17/55
10/1/55
1-1/2* Note
12/1/55
32/1/55
2-5/8* Certificate
2-7/8)6 Bote
5
7
1
5
l*/l/59-EA
7
5
2/15/59-A
li
5/17/55-B
3/22/55-C 18/
8/l5/55-I> 20/
U/15/60
l'/l/60-EA
8/15/56-B
3/22/56-A
2/15/95
6/22/56-B
8/15/56-B
12/1/56-D
6/15/58-A
8,111*
1
383
in
5,250
8/
1»18
'*,858
5,902
2,788
2,788
ll,72l'
'*,72l*
2,997
121
2,997
121
7,007
11,177
119
9
lyr
m
8
100 22/
100 25/
1,921* 2lt/
198
2,532
2,201
821 IhJ
22/
8,778
3,171*
22/
1,1*86
6,81'1
22/
9,083p
2,283p
13/
100
28/
20/
31/
2,970
106
6
20/
3,210
1,''86
6,81*1
3
yr
1 yr
2 yr
i*,919
5,359
6,755
gi/
198
3,17't 21/
3,989
10,620
1,720 gi/
lOj
22/
100
8,U72
3,792
7,938
yr
12/
99
3,792
yr
1 yr
5
100 23/
100
16/
'',155
l,92l(
yr
1 yr
3,558.20/
3,806
8,1'72
1
6
2^
1*0
100 12/
99
It, 919 20/
5,359
6,755
1 yr
8 yr
''O
2,897
3,886
20,'
8,190
ii/
100 li/
100 15/
3,73''
3,558
3,806
100
2/
100
11/
100
7,007
11,177
119
2,897
3,886
7i
6/
2,205
9,750
9
lyr
1 yr
1,71*8
6/
1,71'8
100 2/
100
8,175
8,175
2/
100
100
100
100
100
100 12/
2,239
12,5''3
9,250
2 yr
1,188
'',858
yr
yr
2 yr
5 yr
620 6/
383
1.18 6/
620 6/
25 yr li
5/
873 2/
8,111*
10
yr 6
yr
yr 10
yr
i
yr 10
yr
yr
yr
821.
5/
873 1/
5
21/
§9/
IS/
22/
22/
10,51*2
821.
6
5/15/57-B
10/1/59-BO
8/15/55-D 20/
12/15/55-E
8/15/63
'',963
2,008 1/
10,5lf2
1 yr
U/15/61
'',2''5
'',963
2,008 X/
8,687
3
6/22/56-c 22/
10/1/60-EO
''/1/55
m
1 yr
1 yr
lo/u/55 2-l/U* Certificate
Vl/55
2
01
i/2S/^k-C 10/
8/l5/5l»-D
9/l5/5l'-E
3/15/56-A
8/15/57-c
2/15/95 2^/
6/22/55-F 26/
1-5/8*
2*
3*
1-3/8*
1-1/2*
2*
1-7/8*
3*
2*
2*
U
11,693
in
lyr
2/l5/5l'-A
lt/l/58-EA
U^
1 yr
1 yr
5 yr
12/15/58 6/
Note
Note
Bond
Certificate
Note
Note
Certificate
Bond
Certificate
Note
2/15/55
2/15/55
2/15/55
5 yr
Bureau of the Public Debt.
Conslete of all public cash subscriptions and Bubacriptlons by
United States GoTemnent Investment accounts.
Nonbank subscriptions were allotted in full. Oonnnerclal banis'
eubscrlptlons for amounts up to and Including $100,000 for their
own acco'jnt also were allotted In full, Connaerclal banks' eubscrlptlons for amo'onts over $100,000 for their own account were
allotted $100,000 on each subscription,
The 2)6 certificates dated August 15, 1952, were reopened, with
all certificates of the eerles Identical in all respects, as an
exchange offering for the 1-7/8* certificates »*lch matured
Total eichanges in the two offerings anounted
DeceiBber 1, 1952,
to $2,88e mlUlon.
Exchange offering available to owners of nomnarke table 2-3/1**
Treasury BomIs, Inveslaiient Series B-1975-80, dated April 1, 1951.
For further Information on the original offering see "Treasury
Amounts shown are as of
BiillBtln" for April 1951, page A-1.
December 31, 1955.
Reserve System Open
by
Federal
exchangee
Ano'jnt shown Includes
Market Account amounting to $711* million.
The 2-1/2)6 bonds dated February 15, 1953, were reopened with all
the bor^e of the series Identical In all respects, as an exchange
offering for the 2-1/8* notes which matured December 1, 1953.
Total exchai^es In the two offerings amounted to $2,368 million.
Holders of the 1-7/8* certificates Alch matured February 15, 1953,
were offered a choice of exchanging the securities for either the
one-year certificate or the five-year, ten-month bonds.
So'jrce:
1/
10/1/5''
8/15/5''
12/15/5''
12/15/5''
5/8*
6/15/58
6/1/53 -B
8/15/53 -C i/
12/1/53-A
10/1/57-BO
8/15/53 -C i/
106
9,083p
2,283p
100 22/
Hi/
100
100 25/
The booi offering was made available for exchai^e of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
2/ Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions In amounts up to and including
$5,000 were allotted In full. All other subscriptions were allotted
20 percent, CcBnnierclal banks* subscriptions were restricted to an
anuunt not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited ajKnmte of these bonds to Government investment accounts,
irtilch subecrlbed to a total amount of $ll8 mlllloa.
10/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of income and profits taxes
due March 15, 195''.
11/ Subscriptions for amsunts up to and including $100,000 were allotted
in full. Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
12/ Holders of the 2* bonds lAlch matured September 15, 1953, were offered
a choice of exchanging the securities for either the one-year certificates or the three-and-one-half-year notes,
to and including $10,000 were allotted in
i2/ Subscriptions for amounts up
full. Subscriptions from mutual savings banks, ins\irance companies,
pension aM retirement funds, and State and local governments were
allotted 21* percent. All others. Including comnerolal banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Footnotes li through 35 on page 25.
8/
Treasury Bulletin
2k
.DEBT OPERATIOKS.
Table 4.- Dleposltion of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Januanj
i9%
25
.DEBT OPERATIONS.
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued!
CaUed or maturing security 1/
Disposition offers
ty Treasury
Date of
refunding
or retlroment
Description
1-5/856 Certificate
2/15/55
l-l/2i Note
2-7/856 Bond
2/15/55-A
3/15/55-A
Issue
date
2/15/5^
3/15/50
Amount
outstanding
Cash
retirement
7,007
5,365
£)cchange
Total
Exchanged
security
offered
(in millions of dollars
/ 5,735
7,007
I 1,166
/ 2, lull
5,365
2,626
I
2,6u
3/15/55-60
Results of exchange offers
2,611
/
1U,983
lU.gSs
Description of new
security offered
Turned
In for
cash a/
1
.
,
256
1-1/856 Certificate
5/17/55-B
3,886
3,886
8/1/55
1-1/856 Certificate
8/15/55-D
8,1.77
8,1*77
1
'8,1*72
total of 1-5/856 Note
Note
total of 256
Bond
total of 356
8/15/56-B 8/
Note
3,792
1-lfhi Certificate
12/15/55-E
12/15/5't
5,359
5,359
I
1,"^
I
l-3/l>56
Rote
:i2/l5/55-B
12/15/50
6,85lt
6,851*
12,213
12,213
Source: Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Keserre Banks.
2/ The a^ certificates maturing August 15, 1953, vers reopened for the
December 1, 1952, refunding (see Table 3).
kj The 2-1/356 bonds maturiiv; December 15, 1958, were reopened for the
December 1, 1953, refunding (see Table 3).
5/ On November 9, 1953, the Treaaiiry purchased froa the Federal Reserve
System and retired $500 million of the a-l/856 Treasuiy notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, P«ge A-1,
6/
2/
8/
2/
p
2^
[256
Certificate
Note
I2-5/856 Certificate
2 -7/856 Note
-
L256
(
I
712
|ll*9
6,81*1
U,158 p
811* p
',925 P
12/1/55
3/15/56-A
a/15/95
Bend
795
3,171*
3/15/56-A
8/15/57-C
Note
.3*
,1,921*
5/17/55
Note
1-5/856 Note
}36l*
lli,l88
256
1-5/856 Note
}326
323
3/15/56-A
8/15/57-C
I-5/85S Note
106
}387 p
6/2a/56-B 9,/
8/15/56-B tl
12/1/56-D
1
I116O
p
[2-5/856 Certificate [2-7/856 Note
81*7
p
[9,083 P total of 2-5/856 Certificate
[2,283 P total of 2-7/856 Note
P
11,366 p
-
12/1/56-D
6/15/58-A
It had been announced the holders of these bondB vouliL be given an
opportunity to exchange them for another Treasurr iasufi after
February 15, I95I*. This exchar^e offering was Included in the refuodli^s of May 17, 1951*.
The 1-1/8^ certificates maturing. August 15, 1955, were reopened for
the December 15, 195"*, refunding (see Table 3).
The 256 notes maturing Aaffuot 15, 1956, vere reopened for the August 1,
1955, refunding (see Table 3).
Also designated tai anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of inoane and profits taxes
due June 15, 1956.
PrellminaiT.
Footnotes to Table 3 - (Continued)
Footnotes 1 through 13 on page 23
11*/ Holders of the 2-1/856 notes maturing December 1, 1953, were offered
a choice of exchanging the securities for either the twelve-and-onehali-month notes or the five-year, ten-month bonds.
Holders
of the 2-1/1*56 certificates which matured February 15, 1951*,
15/
and the I-3/856 notes maturing March 15, 1951*, were offered a choice
of exchanging the securities on February 15, 1951*, for either the
one-year certificates or the seven-year, nine-month bonds. In addition, holders of the 2;6 bonds maturing June 15, 19?!*, and two
issues of 2-1/1*56 bonds called for redemption on June 15, 1951*, were
given an opportunity to exchange their holdings on Fobruary 15, 1951*,
for the 2-1/256 bonds.
16/ Subscriptions for amounts up to and including $10,000 were allotted
in full'. All other eiibscriptions were allotted 22 percent but in no
caae lees than $10,000.
12/ Holders of the 2-5/856 certlflcatea maturing June 1, 1951*, were offered
a choice of exchanging the securities on May 17, 1951*, for either the
ono-year certificates or the four-year, nine-month notes.
18/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in paymsnt of Income and profits tales
due March 15, 1955.
19/ Subscriptions for amounts up to and includljig $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted
1*0 percent but in no case less than $50,000.
20/ The 1-1/856 certlficatee dated August 15, 1951*, were reopened with
all the certificates of the series identical in all respects, as an
exchange offering for the I-7/856 notes which matured December 15,
1951*, the 256 bonds -,Aloh matured December 15, 1951*, and the 2^ bonds
which were called for redemption on December 15, 1951*. Total exchanges in the two offerings amounted to $8,1*77 million.
and
2i/ Holders of the 2-5/856 certificates, maturing August 15, 1951*,
the 2-5/856 certificates, maturing September 15, I95I*, were offered a
choice of exchanging the securities on August 15, 1951*, for either
the one-year certificates or the six-year, three-month bonds.
22/ Subacriptlons for amounts up to and Including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 50
In full.
percent but in no case less than $50,000.
Holders
of
the I-7/856 notes maturing December 15, 195^, the 2^ bonds
237
maturing December 15, 1951*, and the 256 bonds called for redemption
on December 15, 1951*, were offered a choice of exchanging the securities for either the I-I/856 certificates, the I-I/U56 certificates, or
the 2-1/256 boHis.
21*/
The 3^ bonds dated February 15, 1955, were reopened with all the
bonlB of the series identical in all respects, as an additional cash
offering. The total amount issued in the two operations was $2,71*5
12/
millloQ.
Holders of the 2-7/856 Treasury bonds of 1955-60, called for redemption
on March 15, 1955, were offered a choice of exchanging the securities
on February 15, 1955, for either the forty-year bonds or the one-year,
one-nonth notes
At the aame time holders of the 1-5/356 certificates
maturing February 15, 1955, and the I-I/256 notes maturing March 15,
1955, were offered a choice of exchanging the securities on Februaiy 15,
1955, for either the one-year, one-month notes or the two-year, silnontha notes
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In psymant of Income and profits taxes
due June 15, 1955.
The 256 notes dated May 17, 1955, were reopened with all the notes of
the series Identical in all respects, as an exchange offering for the
Total exohanges In the
1-1/856 certlficatee maturing August 15, 1955.
two offerings amounted to $10,015 million.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but In no
case lees than $100,000.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of income and profits taxes
duo Maroh 15, 1956.
Cash subscrlptlona for $100,000 or less were allotted in full. Subacriptione for more than $100,000 were allotted 19 percent but In no
case less than $100,000.
Subscriptions from eavinge-type Investors totaled $71*9 million and
were allotted 65 percent. Subscriptions from all other Investora
totaled $970 nllllon and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for norethan $25,000 were allotted not lass than $25,000. In addition to the
amount allotted to the public, $25 nllllon of the bonds were allotted
Savings -type investors were given
to Government Investment accoiBite,
the privilege of deferring peyiaent for the bonds, provided that not
less than 25 percent of the bonis allotted were paid for by July 20,
1955, not less than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due June 15, 1956.
Holders of the I-I/856 certificates which matured August 15, 1955, were
offered a choice of exchanging the securities on Atgust 1, 1955, for
either the ten-and -one-half inonth certificates or the one-year, threemonth notes.
Cash subscriptlonB for $100,000 or less were allotted In full. SubBcrlptions for more than $100,000 were allotted 32 percent but In no
caae lees than $100 000.
Holders of the l-lA/6 certificates and 1-3/1*56 notes, both maturing
December 15, 1955, were offered a choice of exchanging the securities
on December 1, 1955, for either the one-year certificates or the tw<^
and» one -half year notes,
Fre11m1naiy.
.
26/
27/
28/
29/
^0/
•^1/
32/
33/
3!*/
^5/
p
Treasury Bulletin
26
.UNITED STATES SAVINGS BONDS.
United States eavlnge bonds were first offered In
March 1935 and began to mature In March 13^3. Series A-D
were sold between March I935 and the end of April igll-l,
were first offered In May l?"*!.
and Series E, F, and
details of these changes see "Treasury Bulletin" for
May 1952, page A-1. Series F and G began to mature on
for the exchange offering made to holders
1, 1953.
of these bonds maturing through December Jl, 1953, see
the May 1953 issue, page A-1. The Treasury Invited
May
When Series E began to mature on May 1, 1951. owners of
To redeem
the matured bonds were offered three options:
the bonds in cash in accordance with the original terms;
holders of Series F and G which began to mature in January
to retain them with an extended maturity of 10 years at
bonds.
specified rates of Interest accrual; or to exchange them
for Series
May
1,
bonds.
1952.
A number of changes became effective
The principal ones were:
The rate of
195** to
reinvest the proceeds in other series of savings
In the tables which follow, Series A-F and J sales
are included at issue price and total redemptions and
amounts outstanding at current redemption values.
Series G,
£md K are included at face value throughout.
Matured
H,
interest accrual on Series E was increased, especially for
bonds whioh have been redeemed are included in redemptions.
the near term, with corresponding changes in extended
Series E; and Series F and G 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
Matured F and G bonds outstanding are Included in the
return to Series
E,
was offered beginning June 1.
Interest-bearing debt until all bovids 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 Series, Cumulative through November 30, 1955
(Dollar amounta in mllUons)
Series
I
January 1956
27
.UNn'KD STATES SAVIHGS BONDS.
Table 3.- Salee and Redemptions by Periods, Series B through K
(In illlana of dollBn)
Aoomed
Period
dlflooimt
aoomed
dlBOOISlt
neoal
Seda^tlou i/
Sales plofl
Salea
prloe k/ 5/
Serlee 1 and H ooablnad
Total
Aaonnt ontataodijlg
Acorued
dlaoOTmt S/
Intoreat-tearljig
Matured
deM
debt
yeare:
I9IH-I9W
50,ita6
U,278
3,993
3,2TS
3,296
4,061
19^9
1950
1951
1952
1953
195^6/
3955 6/
5,225
2,
an
895
1,035
1,111
1,120
1,126
1,123
52,447
5,032
4,887
4,307
4,407
5,181
5,779
6,348
20,822
3,530
3,521
4,295
4,008
4,038
4,345
4,544
20,488
3,368
3,326
3,987
334
162
195
307
3,583
3,538
3,791
3,909
425
500
554
636
2,384
818
971
1,080
1,120
1,128
1,126
54,838
5,025
4,639
4,270
4,694
5,496
6,015
22,649
3,448
3,912
4,036
4,098
4,157
4.444
22,235
3,274
3,667
3,688
3,622
3,625
3,909
414
174
245
348
476
531
535
32,188
33,766
34,493
34,727
35,324
36,663
686
549
599
404
343
406
336
256
334
68
88
72
38,515
38,721
38,914
376
392
329
342
372
47
50
65
39,063
39,181
39,285
352
343
50
56
339
53
39,432
39,553
39,656
305
310
48
753
31,625
33,127
34,494
34,506
34,905
36,048
37,482
39,285
Calendar yeara:
19'*l-19'tfl.
...
.
19^9
1950
1951
1952
1953
195*
11,208
3,668
3,190
3,575
4,368
"•,889
Wopthe:
1955-Januar7..,
Fetamar?.,
I165
113
84
Marob
518
81
573
J^rll
U8
mt
IH9
77
90
June
i»28
U3
525
509
542
Julj
Au^uBt. ...
Septemlwr.
U39
hlk
110
81
82
548
520
496
October. .
Hovember,.
kOh
395
78
89
483
484
1*3?
437
402
399
393
358
358
53
38,233
39,780
39,906
Series F, G, J, and E ooablnad
riBcal yeara:
1941-1948
1949
1950
1951
1952
1953
1954 6/
1955 1/
Calendar yeare;
1941-1948..
1949
1950
1951
1952
,
,
. . .
,
1953
1954
21,463
2,863
1,680
1,871
629
501
841
1,249
172
73
83
90
96
108
23,367
1,626
2,406
770
586
432
1,284
207
78
87
169
137
95
15
6
87
69
8
108
108
93
100
109
no
21,634
2,935
1,763
1,961
726
610
Q49
1,357
2,529
835
821
1,042
1,012
1,552
2,152
2,692
23,574
1,704
2,493
863
686
542
1,394
2,961
815
905
2,5U
18
823
807
1,021
990
1,511
2,071
2,564
12
14
21
21
41
81
128
19,105
21,205
22,147
23,066
22,780
21,837
20,579
19,080
219
619
55
24
1,093
929
1,968
2,526
2,937
803
888
1,071
908
1,909
2,428
22
21
59
98
20,613
21,501
23,089
22,859
22,616
81,047
19,439
184
143
102
367
198
197
354
176
184
13
22
13
19,451
19,504
19,456
424
317
273
95
74
305
189
181
293
177
171
12
19,263
19,166
19,080
252
235
219
70
54
55
186
7
207
196
9
18,975
18,897
18,635
53
216
166
180
136
319
200
155
16
12
18,481
18,373
177
168
12
17
143
Ilontha!
1955-JajBaary. ,.
Febl'uai7 •
Marob
April
May
June
68
July
August . .
September,
55
48
48
October
NoTcmber.
47
.
.
Footnotea at end of Table 4.
43
7
6
U
15
6
7
6
6
79
49
143
328
(Continued en follovlng page)
U
10
7
186
28
Treasury Bulletin
.UNITED STAIES SAVINGS BONDS.
Table 3.- Sales and RedemptlonB by Periods, Series E through K
(Continued)
(In mlllloQe of dollare)
Accrued
discount
BedeBptlona 2/ j/
Salsa plua
accrued
dlacount
Salaa
price k/ S/
Accrued
discount 5/
Amount outstanding (interestbearing debt)
Series E
Fiscal jeare:
19'tl-19W
19*9
1950
1951
1952
1953
1951*
1955
50,li26
2,oei
'•,278
753
895
1,035
1,111
1,120
1,126
1,123
3,993
3,272
3,266
3,700
3,988
It ,095
52,W>7
5,032
20,822
3,530
3,521
It, 295
20,lt88
162
195
307
31,625
33,127
'•,821
5,llii
11,008
'•,032
'•,319
5,218
'•,'•90
3,368
3,326
3,987
3,583
3,532
3,765
3,85*
5'*,838
22,6'l9
22,235
5,025
i,kke
3,912
3,27lt
17*
'•,639
21^5
it,
,270
513
'•,036
'•,098
5,03't
't,l'tl
3,667
3,688
3,622
3,609
3,871
531
535
34,727
35,143
36,036
36,778
332
68
36,909
'',887
'',307
i»,377
500
55't
636
3't,lt9lt
3lt,506
3lt,875
35,66t
36,458
37,186
Calendar jesret
ig'ti-ig'tfl
m9
52, "tS*
l»,208
1950
1951
1952
1953
1954
3,668
3,190
3,393
3,906
14,023
2,39i
818
971
1,080
1,120
1,128
1,126
It
5,1V9
'•111
3W
i»76
32,188
33,766
31*
,493
Months:
1955 -January.
February.
Harcb
April
'tis
357
39U
•far
335
332
June
3110
July
August. ..
September
335
353
October.
lOTember.
113
8k
531
399
339
81
ityU
'•00
"tU
•22
370
385
'•53
"•32
kik
331
110
81
82
321
320
78
89
399
77
90
113
"•13
l«D9
37,0U
251
328
37,086
323
336
366
'•7
395
391
385
3115
50
335
331
56
350
350
296
3oe
37,357
37,415
30
385
1,024
2,099
50
65
53
37,128
37,164
37,186
37,236
37,279
37,307
Series H j/
riBcal years:
1952
1953
1954
1955
30
360
665
1,130
30
360
665
1,130
6
26
55
6
26
55
182
462
182
462
866
16
38
16
866
155
108
125
155
108
125
1,606
1,710
1,828
April
M«y
June
112
87
112
87
88
86
1,935
2,016
2,099
July
August...
September
103
103
87
87
83
83
2,195
2,274
2,349
October,
November.
83
75
83
75
2,424
2,490
Calendar yearv:
1952
1953
1954
38
181
627
1,455
Months!
1955-January..
February.
March
Source:
Dally 'freasuiy stateaant; Bureau of the Public Debt.
Footnotes at and of Table 4
January
29
i'^3'6
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In
lUloOB
of
doUare)
Maturod bonde
Period 8/
Total
natured
^
Series
A-D
For
cash
Unnatured bonds
In exchange
for Series G
and E
Series
r and C
Total
lunatured
Sales
price
It/
Accrued
discount
i/5/
Fiscal years:
6,137
5,109
5,621
6,515
7,251
817
792
1,761
2,7*7
3,9*1
779
90
31
18
5,»*0
5,651
987
772
1,015
6,lli9
2,318
3,171
1*
38
702
1,128
1,*87
1,826
69*
1,126
1,*86
1,825
987
518
*7
2*
1*
25*
968
1,328
1,500
2*9
962
1,326
1,*99
385
656
*27
195
257
195
256
211
188
397
215
387
-112
2U
178
682
581
619
338
133
1*2
195
133
1*2
195
20*
170
1*6
July
August . .
September.
589
5*3
722
25*
27*
307
150
166
153
150
165
153
October
Norember,.
57U
526
15*
1*0
153
288
1*0
226
1*7
1951
1952
1953
195^
1955
2,101
5,320
*,317
3,860
3,768
3,310
*,996
*,0*6
3,622
3,577
3,1*2
32*
271
238
191
168
967 2/
1,657
*,853
*,879
*,059
3,831
3,81*
*,583
*,571
3,806
3,613
3,655
270
308
253
217
159
368
-13*
161
19
22
17
3**
268
277
332
255
263
12
13
1*
10*
33*
268
*15
32*
256
*oe
11
108
19*
182
238
227
12
11
37
6oe a/
1,2*1 ./
Calendar years:
1950
1951
1952
1953
195^
6,985
Months
1955 -January. ..
February
March
.
April
May
J\ine
.
772
5*3
605
313
3*2
380
Source: Dally Treasury etatenent.
1/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found In the February 1952 and previous Issues of the
"Treasury Bulletin."
2/ Includes exchanges of matured Serlee X bonds for Series G bonds beginning May 1951 and for Series E bonds beginning May 1^52.
Includee both matured and unmatured bonds; see Table ^.
Includes total value of rede^tlons not yet classified between matured
and unmatured bonds.
5/ A change In procedure, beginning In June 195*, for processing redeemed
savings bonds has resulted In a high level of redemptions not yet
classified between matured and unmatured bends. This Increese temporarily obscures the relationship between the rsdemptlon columns showing sales price and accrued discount In Tables 2 through * and also
the relationship between the matured and unmatured sections of
Table k.
(See also footnote *.) The subsequent distribution of this
6/
153
12
13
high level of unclaaalf led redea^tlons maj be large enough In anj
Bonth to shov redemptions of aatured bonds for a series in Table U
which are greater than the total redemptions of that series as ahovn
in Table 3, and to abov a negative in the unmatured section of Table U.
Beductlons vere oade in isauee and redeiiq)tloae of Series £, H^ F, G,
J, and K in Julj 19^4 to coi^?onaat« for the erroneous inclusion of
relBBue tranaactlonfl in June 19^ as reported in the dallj Treasury
statement. Tbe aaounts involved vere as follova: $l8 lUlon for
Issues of Series E and H and $17 million for iBSues of Serlee P, G, J,
and E; and $3^ mlUicn for unclassified retirements.
Sales began June 1, 1952.
Conparable data are not available prior to January 1950.
Includes exchangea of Series 19^1 7 and G savings bcoids for Treasury
3-lA^ bonds of 1978-83.
Less than $500,000.
Treasury Bulletin
30
.TREASURY SAVIIGS BOTES.
Treasury tax and eavlngs notes have been Issued as
follows:
Tax Series A from August 1, IS**-!, through
June 22, 19'V3; Tax Series B from August 1, ig"*!, through
September 12, 1942; Savings Series C (originally designated
Tax Series C) from September l4, 1942, through August Jl,
19^8; Savings Series D from September 1, 1948, through
May l4, 1951; Savings Series A from May 15, 1951. through
May 14, 1953; Savings Series B from May I5, I953, through
September 25, 1953; *""* ^ "^^ Savings Series C from
October
1,
through October 23, 1953,
notes was suspended.
"l^ei sale of
these
Details concerning terms and
conditions for purchase and redemption and Information on
Investment yields of Savings Series
C
appear In the
October 1953 Issue of the "Treasury Bulletin,"
Table
1.-
Similar Information with respect to the offering of the
earlier aeries was published currently In the "Treasury
and appears also In the "Annual Report of the
Secretary of the Treasury" for appropriate years.
Bulletin,"
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment) are
Included In the figures on redemptions. Matured notes
outstanding are reflected In the Interest-bearing debt
until all notes of the annual series have matured, when
they are transferred to matured debt upon which Interest
has ceased.
page A-1.
Salee and Redemptions by Series, Cumulative through November 30, 1955
(In mlUlona of dollars)
Series
January
19%
31
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securitiee by Classes of Investors and Types of Issues
(In mllllooa of dollars)
32
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ - in bllllone of dollars)
Held by banke
Total
Federal
&id of
month
Held by private nonbank Inveetore
U. S,
CcBnaor~
securltlef
outstanding 2/
cial
banlce
Federal
Eeserre
Banks
Individuals
Government
^
Investanent
accounts U/
Savings
bonds
1939-D9oeJiber...
47,6
I8,lt
15.9
2.5
6.5
22,7
19ltO-June
I18.5
18,6
19.5
16,1
17.3
2.5
2.2
7.1
7.6
22,8
23.9
10.1
10.6
21,8
23.7
19.7
21.lt
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
10,6
12,2
37.7
53.0
17.8
23.7
19.2
11.7
2li,7
K.9
31,2
36,2
II1.9
December,
.
50,9
19itl- June
55,3
1.9
6.3
3.1
7.5
7.8
6.5
6.9
3,1
3.2
3,6
7.6
8,2
7.1
8.2
9.1
8,7
13.li
10,3
9.2
11.3
61t,3
77.0
112.5
28,7
26,0
117.3
lil,l
2.6
6.2
Wis -June
11*0.8
59.11
111.3
170.1
71.5
52.2
59.9
7.2
.
11.5
16,9
67,0
81,7
30.9
37.«
83.3
96.5
68.U
77.7
111.
18.8
19.1
21,7
100,2
Hlt,0
I16.I
.
202.6
232.1
106,0
115.0
81t.2
21.8
2lt,9
90,8
2lt,3
27,0
128,2
136,6
59.1
December,,
259.1
278,7
6I1.I
lt0,7
lt2,9
279,8
269,9
259,5
116,7
108.2
97.9
93.8
28,0
29.1
30.9
135.1
132,6
130,7
61t.l
711,5
22,9
23,8
23.3
258,1*
70.0
68,7
21,9
22,6
32.8
257.0
91.9
91.3
133.7
131.3
252, It
252.9
85.9
85,8
6lt,6
21.lt
35.8
62.5
23,3
37.3
130.7
129.7
252,8
257,2
82, It
63.0
66,8
19.3
18,9
38.3
85.7
132.2
132.1
257.1'
18,3
37.8
20,8
39.2
13lt.9
66.3
Itl.O
li2.3
132,9
131,8
65, It
19'»5-June
19li6-February 2/
June
December.
.
19l"7-June
December,,
19lt8-June
December,,
19l»9-June
81t,U
3ll.lt
banks
2,6
2.8
December,,
19UU-june
December,
Mutual
savings
8,2
19te-June
December, ,
December,
Insurance
companies
5.I1
State and
Corpora- local
tions 6/ govemmente 2/
Miscellaneous
Investors
8/
y
.It
.7
2.1
2.0
.It
.7
.7
3.I1
2.0
.6
.7
3.7
ll.O
.7
.9
3.9
1.9
10.1
.9
li.5
1.0
1.1
2.3
3.I1
.5
13.1
15.1
5.3
12.9
1.5
6,1
16, It
2.1
lt.lt
17.3
19.6
7.3
8.3
20,2
3.2
21. ll
I1.3
6.1
7.0
18,5
21,2
22.7
9.6
10,7
23.3
22,2
5.3
8.3
6.5
9.1
I13.3
20,8
2lt,lt
63.3
I13.5
19.9
2lt.9
ltll,2
20,1
2lt,9
19,9
17.8
15.3
6.7
6.5
61t.2
11.1
11.5
11.8
6.3
8.9
8.6
8,1
66.6
65.7
li5,5
21,1
2l*,6
13.7
7.1
9,6
li6,2
19 .U
23.9
12.1
12.0
llt.l
7.3
8,lt
65.8
65.5
li7,l
li7,8
18,6
17,6
22.8
21.2
12.0
13.6
7.8
U.5
lit.
7.9
8.7
8.9
66.6
66.3
It8,8
119,3
17.8
17.0
20.5
20.1
11.6
n.ii
15.8
16,8
8.0
8.1
9,li
67,11
119.9
lt9.6
17,6
16.7
19.8
18.7
11.6
10.9
18. It
16,3
15.5
17.1
16.5
10.2
9.3
19.7
20,1
20.7
15.7
16.1
9.6
9.5
18.8
19,9
10.lt
U.l
11.6
11.7
18, It
21.0
12.0
12.7
12.8
13.2
13.0
13.0
13.3
13.6
13.9
13.8
13.5
13.7
13.9
13.7
13.8
13.7
13.8
13.9
13.8
13.7
13.6
13.7
13,9
13.8
13.8
lli.O
53.3
17.1
2lt,0
9.6
December,
,
1950-June
December,
,
256.7
83,9
82,6
65,6
61,8
81, It
85, It
58.I1
.
255.3
259.5
61.6
23.0
23.8
61t,6
I19.I
I19.I
259.2
61,1
22.9
lilt.3
130.8
61t,8
I19.O
267.1.
8U,0
88,1
63.1.
2li,7
Ii5.9
133.11
65.1
1.5.2
15,7
16.0
266,1
275,2
83,6
89.6
58.8
63.7
2lt,7
lt7.6
25.9
It8.3
135.0
137.3
66,3
65, It
119.3
U9,lt
17.1
16.0
16.0
15.8
9.5
9.2
STi.9
86.8
87.6
85.5
6lt.l
2lt,6
It8.3
It9.lt
21t,5
lte.3
I18.2
65.5
65.6
li9,li
16.0
16.1
16,1
15.7
15.7
15.6
9.2
9.2
9.2
21.0
21,6
24.6
137.9
139.0
136.6
65.3
63.1
60.9
135.8
136.8
133.3
65,1
65.5
65,0
I19.5
I19.5
15.7
16,0
15.5
15,6
15.5
15.3
9.2
9.2
9.1
18.7
19.1
132.6
15.1
15.1
15.1
9.0
9.0
8.9
l6.lt
15.1
15.0
15.0
8.9
8.8
8.8
18.7
15.2
15.2
15.0
8.8
8.8
20.0
21.2
19.0
llt.l
II1.3
13.9
13.9
111.5
111.
111
8.8
8.7
20.1
.1.2
18.8
lit.
llt.l;
19.9
21.0
20.9
15.0
15.1
15.1
15.0
22.2
15.3
15.2
1951-June
December,
195? -June
December ,
1953 -June
December.
19^U-januai7
February,
March
,
.
. .
, ,
270.3
271.1
273.6
271.3
87.1
62.5
2I1.6
I18.2
88.2
88,7
63. It
2lt.8
I18.5
63.6
25.0
It9.3
July
August
September,
271.0
275,0
89,1
91.1
6lt.8
21t,3
2ll.O
i3l1.lt
6U.7
6U.7
I19.6
I19.7
15.1
15.0
27lt.8
91,11
67.1
67.1
211,3
13lt.O
61t.lt
I19.7
lit.
2'f8,8
911,5
91* ,6
git.i
70,1
69.7
69.2
2ll,ll
lt9.3
135.0
6lt.5
2li,9
^.li
1311.9
lt9.8
I19.9
111,
2lt.9
It9.6
135.1
61t.2
6li,2
50.0
lit
92.6
90.6
87.8
68.7
66.9
23.9
23.6
23,6
U9.1t
I19.2
136.5
6lt.lt
6lt.9
136.9
65.5
50.0
50.1
50.2
II1.5
i38.lt
I19.I1
89.I1
65,8
88.5
87.1
61t.8
23.6
23.7
23.6
Ii8,9
I19.5
138.3
139.6
136.7
65.5
65,5
65,3
50.2
50.2
50.2
15.3
15.3
15.1
63.8
62.7
62.1
2lt.l
139.1
lltO.lt
lll0.lt
65,5
65,6
65,8
50,2
23,8
23.8
50,6
51,6
51,2
62.7
Slt.O
51,0
1112.1
65,8
.
.
278.9
278.8
, .
278.5
278.2
1955-Jajiuflry
February .
March
2/
3/
It/
5/
lt9,lt
April
May
June
October
November, ,,
December,,
1/
27lt.9
39.li
2711.1
April
May
June
276,7
277,5
July
August
September .
277,6
278, It
87.9
.
277.5
85.9
October p.,
279.9
2711, It
86, It
6lt.2
63.5
50.5
United Stetee savings bonds. Series A-F and J, are Included at cuirent
redemption value.
Securities Issued or guaranteed by the U. S, Government, excludli]g
guaranteed securities held by the Treasury. For amounts subject to
Btatutci7 debt limitation, see page 1.
Consists of ccsamerclal banks, trust ccnpanles, and stock savings banks
in the United States and In Territories and Island possessions. Figures
exclude securities held in trust deparlaaents
Holdings by Federal land banks are Included under "Miscellaneous investors" Instead of "U. S. Government investaient accounts" after
June 26, 19117, when the proprietary interest of the Uiiited States In
these banks ended,
Includes partnerships and personal trust accounts. Nonprofit Institu-
8/
2/
P
119.5
lit,
.2
lit.
15.3
15.0
lli,9
lit,
50,3
50.2
15.3
15.
15.6
15,0
15,0
8.8
8.8
8.7
50,2
15.6
llt,9
8.6
1
lit
.9
19,2
16. It
18.1
18.1
19,3
19.3
8.7
8.8
9.7
10.5
9.I1
10.7
10.6
9.6
.6
lit.
13.8
13.9
lU.lt
llt.lt
111.
15.0
tlono and corporate pension trust funds are Included under "Miscellaneous Investors."
Exclusive of banks and Insurance ccapanles.
Consists of trust, sinking, and Investment funds of State and local
goverrmente and their agencies, and Territories and island possessions.
Includes savings and loan associations, nonprofit Institutions, corporate pension triist fimds, dealers and brokers, and tnveetanente of
foreign balances and International accounts in this country. Beginning December 19^*6, includes inveslanents by the International Bank for
Reconstruction and Develojinent and the International Monetary Fund in
special, nonlnte rest-bearing notes issued by the U. S. Government,
innediate postwar debt peak.
Preliminary.
Revised,
January 1956
33
.TRKASURY SURVEY OF OWRERSHIP, OCTOBER 31, 1955.
The Treasury Survey of Ovmershlp covers securities
Issued by the United States Oovernment 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
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve memberbank classes and nonmember banks are published for June 30
and December Jl. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March I95U
the United States.
Data were first published for
March 3I, igUl, in the May 194l "Treasury Bulletin."
Section
I
-
Bulletin for quarters beginning December 3I, 19^9.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par Taluee - In miniona of dollaxs)
Held
Ijy
InTestore covered In Treaemy Surrey
Total
Classification
52U
suoun't
outstanding 1/
6,780
canmerclal
banka 2/ i/
mutual
savings
banks 2/
Ineurance ccDipanles
312
life
592 fire,
casualty,
and marine
U. S, Goreranent
Inrestanent
accounts wnH
Federal Eeserre
Banks
Held by
a3J. other
Investors
y
Interest -bearing securities:
Pllblic marketable
Public nonmarketable 2/
Special issues
162,591
71,076
Total interest-bearing eecurities
277,32l»
5lt,563
2,075
6,7110
1,81.8
5,706
l.,575
3, £06
817
'»3,657
56,637
8,588
8,912
5,392
Total securities Issued or guaranteed by the
279,866
Govemment j/
Footnotes at end of Section II.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
(Par values - in millions of dollars)
Olaasification
63,152
59,570
1.3,657
Matured debt and debt bearing no Interest 6/,
U. S,
27,855
3,561
75,073
122,722
3"^
TRTTA
i
i
January
19%
•vu-w.t
36
Treasury BuUetia
.TFEASURT SURVEY OF OWHERSHIP, OCTOBER 31, 1955.
Section II
-
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values
-
In mllliana of dollsra)
January
19%
37
.MARKET QUOTATIONS ON TEEASUPY SECTRITrES, NOVQfflER 30, 1955.
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
as 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 because they are not regularly
The securltlee listed Include all regularly quoted
quoted In the market.
for the last trading day of the month,
Table 1.- Treasury Bills (Taxable)
AmOUDtB
outstanding
(miniaoB
Bank die count
Maturity
date
Issue
date
Bid
3«
Treasury Bulletin
.
MAKCET QUOTATIONS ON TREASUPY SECURITrES, NOVEMBER 30, 1955.
Table 4.- Taxable Treasury Bonds
January
I9jf)
39
.MAKOET QUOTATIONS ON TPEASUPY SECUEiriES, NOVEMBER 30, 1955.
liJ
o
o
ko
Treasury Bulletin
.AYERPCE YIELDS OF lONG-TEIW BONDS.
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per azmim)
Period
Taxable
Treasury
bonds 1/
Moody's Aaa
corporate
bands
Taxable
Treasuiy
boi^ 1/
Moody's Aaa
corporate
bonds
Period
Taxable
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
January 1956
ivi
.AVER/GE yiEIDS OF LONG-TEIW BONDS.
'a-
o
UJ
o
q:
a.
CM
O
ro
00
to
CVI
cvi
cvi
O
o
Treasury Bulletin
1^2
.INTERNAL REVENUE COLLECTIONS
Table !•- Summary by Principal Sources
(la thoufiands of dollars)
Total
Adjufltanent of collections
collect lone
reported "by
to budget
Internal
receipts 1/
Rerenue
Service
Bxiifiet
Fiscal year
or montii
receipts
frcm
Internal
revenue
191.7
39,379,'«;9
191.8
1.1,853,1185
191.9
1.0,307,285
1950
1951
39,U8,607
1952
1953
1954
1955
65,6311,891.
51,106,095
70,170,9711
70,299,652
66,288,692
1955-january .
February.
Mapch. . •
April. . .
May
June
July
Auffuat
39,108,386
-155,81iO
+491,1175
466o,l«D9
40,1.63,125
1625,308
+Ii81i,li39
+364,672
1.1,861., 51.2
38,957,132
50,445,686
65,009,586
69,686,535
69,934,980
66,288,6925/
Individual
Inccme tax
not withheld 2/
3,584,025
3,816,252
4,2l8,520r
5,339,5735/
620,622
628,969
605,221
600,106 5/
259,616
273,182
283,882
279,986
10,736,578
10,396,480
3,283,303
4,583,312
3,093,755
3,497,459
4,471,941
3,719,955
2,239,048
880,678
769,768
2,374,701
672,642
1,464,288
996,937
3,471,502
2,257,864
1,098,542
3,705,232
2,200,818
U,403,942
2,801,416
5,403,908
5,915,149
51*7,085
1,377,399
327,903
1,099,882
3,868,030
277,418
114,674
1,684,684
2,763,245
391,600
1,481,638
179,957
2,763,21.5
17,929,047
21,132,275
22,077,113r
21,253,625 5/
21,546,322
18,264,720
-186
-329
+515
October,,
185,876
208,508
226,228
223,135
236,952
11,345,060
354,629
274,500
6,812,452
478,091
376,719
6,201,403
5,915,661.
379,555
560,113
562,734
548,038
579,778
33,738,370
37,254,619
37,981,314
37,869,770
21,5911,515
4,355,573
5,632,987
10,903,361
4,771,822
5,789,296
10,894,350
5,li03,579
1,458,934
1,612,721
1,687,151
1,873,401
2,810,749
21,466,910
-1,1.50
September
9,842,282
11,533,577
10,055,502
9,888,976
13,089,770
^
9,501,015
9,464,204
7,996,320
7,264,332
9,907,539
-1,655
-1,571
-1,123
-1,776
+15.580
5,787,520
10,909,930
Old-age
inaurance
taxes
21,367,662
23,379,123
20,527,935
19,797,883
26,624,788
11,3511,123
11,770,699
Individual
Inccme tax
withheld i/
9,676,459
10,174,410
11,553,669
10,854,351
14,387,569
5,631,332
10,901,790
2,801,230
. ,
y
4271,023
-11,057
IndlrlduELl Income tax and emploTnent taxes
Corporation
InccDDC end
profits
taxes
't,131,592
Railroad
retirement
I6,4l4
Tftiemploy-
ment
Insurance
19,717
79,170
52,153
30,903
167,208
19,795
4,498
14,898
2,695
1,082,063
3,916,372
2,122,696
15,484
84,834
59,8aa
15,711
768
1,279,762
13,060
3,859
63,9211
46,327
2,1133
(January
19%
^i
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1941
43
45
47
49
51
53
55
1941
Beginning July 1954, includes undistributed depositary receipts.
for excise taxes Is included under "other excise taxes ".
Offics a( the S«cr«lary of the Treasury
'43
Ttie
45
47
49
whole amount of such receipts
'51
'53
'55
Treasury Bulletin
U4
-INTERHAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(In thouaandB of dollars)
First 1* monthe of
fiscal year
Flacal year
Fourth month of
fiscal year
Type of tax
195k
CorporatlGQ inccne and profits taxes.*.*...*
*
IndlTldual Incane tax and employment taxes!
IncGoie tax not withheld j^.......
,....,.
Tnrirmft tax withheld and old-a^ insurance:
2/
Received with returns
..•.*.....•.•...•.*.•.•
Tlidletrlbxrted depositary receipts ±/
Railroad retirement:
Received with returns
l^KLlstrlbuted depositary receipts X^*. ...... •.*...•....
Unemployment Insurance
....*..
Total individual inccme tax and employment taxes...
1955
1955
1955
(Octolwr
1956
195't)
1956
(October I955)
gl,5''6,322
l8,26lt,720
2,296,683
2,366,1.70
10,9116,578
10, 72 It, 120
1,973,719
2,256,733
199,101
179,957
26,085,633
25,673, '•90
592,068
7,871,911
-337,757
8,710,745
-309,851
1,559,231*
-294,228
1,696,274
-416,512
605,221
11*7,683
283,882
597,262
2,8W*
279,986
2ll,222
154,450
23,810
22,772
2,483
18,527
3,912
2,767
15,292
3,859
37,921,31't
37,869,770
9,695,607
10,856,659
1,489,029
1,481,636
863, 3't''
81.8,1192
273,059
286,958
63,701
66,751
71,778
87,775
3,884
3,049
1,108
1,065
230,566
1,657,351
25,370
2US,&l8
1,627,752
23,867
77,218
553,020
,689
1,373
25,580
85,151
601,673
8,797
1,492
25,831
24,738
178,805
3,522
493
6,966
27,467
192,104
3,118
568
7,758
9,898
685
235
4
123
1,506
-4
Estate tax
Gift tax .
15,829
k/
360,516
391,600
Eiclse taxee:
Alcohol taxes:
Distilled splrlte (Imported, excise)
*
Distilled spirits (dcmestlc, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise)...,
Wines, cordials, etc. (domestic, excise)......
Dealers in distilled spirits: rectifiers; manufacturers
of stills (special taxes)
Stamps Tor distilled spirits Intended for export
Case stamps for distilled spirits bottled in bond
Container stamps
•
Floor taxes
Fermented malt liquors
Brewers; dealers in malt liquors (special taxes).......
Total alcohol taxes
•
Tobacco taxes:
Cigars (large)
Cigars ( small)
Cigarettes (large)
..*......
*.*
Cigarettes (small) .....•..*...........,.•.*.*
Snuff
Tobacco ( chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
*....
'•,152
It
8,81.3
7l»,527
77,135
l6,te7
31
1,088
13,013
306
16,977
8
519
6,212
11,1>1.6
55
737,233
15
285,094
3,139
4
57,364
105
1
57,591
8
353
'•,196
5,112
5,5W
25
275,732
3,525
2,797,718
2,7'*2,81t0
961,319
1,021,091
274,314
268,949
'•5,857
1.6,199
I16
16,087
17
5
6
2
1,513,735
3,925
16,250
695
1,50^,191
3,909
16,155
511,272
1,230
15,784
16
2
520,607
l*,35l*
US
693
12
2
280
4,223
4
1
132,325
301
1,375
37
1
1
3
53lt,533
51*3,122
133,638
138,266
109,461
536,675
285,517
769,77"*
5,61.1.
l,2l^9
5,217
244
5
1
127,367
312
1,1*83
115
1
1,580,512
1,571,213
Otlier excise taxes
5,153,992
lt,789,195
1,296,513
1,528,377
104,179
Total received with returns and from sale of stamps
undistributed depoaltaiy receipts i/
9,532,222
9,103 ,2lt7
2,792,365
1111,687
21.3,978
3,092,589
275,993
512,131
274,885
..*...*....
Total excise taxes
Total colleotlccs reported by Internal Revenue Service
MJustanent to btdget receipts
9,532,222
9,217,93't
3,036,31*3
3,368,583
787,017
822,192
69,93 '*,980
66,288,692
15,305,575
16,883,718
2,701,370
2,763,245
^
Budget receipts fron internal revenue
92
70,299,652
Source; Internal Revenue Service reports for detail of collections by
type of tax; "Monthly Statement of Receipts and Expendlturee of
the United States Government" for budget receipts fron Internal
revenue. Certain detail by type of tax Is available only on the
basis of returns filed with the Internal Revenue Service. The
figures shown Include collections for credit to special accounts
for certain Island possessions, as reported by the Internal
Revenue Service, Beginning with the fiscal year 1955, they include the amounts of tax collected in Puerto Rico on merchandise
of Puerto Rlcan manufacture ccinlng into the United States.
Figures for 1954 have been revised to the sane basis.
1/ Includes old-age Ineijrance tax on self -employment Inccme, Imposed
by the Social Security Act Amendments of I950 (Public law 734),
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 breaMown, see Table 1.
2/ Withheld Inccone tax and social security employment taxes on
es^loyers end employees are paid Into the Treasury In combined
amounts, pursuant to the Social Security Act Amendments of 1950.
For estimated fiscal year breakdown, see Table 1.
-1,621
-6,731'
+3611,672
66,288,692
y
5/
15,298,841
16,883,718
2,699,749
2,763,245
Itoder revised accounting piroceduree effective Julj 1, 195^» tai paymsnte made to baoke under the depositary receipts aystein are included
In Internal Revenue Service reports of collections in the month in
which the depositary receipts are Issued tnatead of the month In which
tax returns euppo3-t«d by the depositary receipts are received In
Internal revenue offices, as was the pjTevloufl practice. The "Itadlatrlbutod depositary receipts" Included In the collections represent the
aaaoiait of depositary receipts issued duiijig the period less the amount
received with the returns. In the case of excise taxes, it is not
possible to claaelfy the depositary receipts by type of tax until the
Accordingly, the amount of such undistributed
r«t\OTis are received.
depositary receipts is included oniy in the total of excise taxes.
U&classifled advance payments also are Included beginning with the
fiscal year 1955.
Includes $16,116,000 advance payments of eatete and gift taxes not
further classified.
See Table 1, footnote 1,
Less than $^00.
Januarif I95b
^5
.MOKETAEY STATISTICS
,
Table 1.- Money In Circulation
(In
mlUloas of dollars except
ae noted)
Treasury Bulletin
h6
.MOKETAEY STATISTICS.
Table 2.- Monetary Stocks of Gold and Sliver
(Dollar amounts In millions)
Cold
End of f local year or month
($35 per
fine ounce)
191*8
19't9
23,532.5
1950
1951
195S
2it,230.7
21,755.9
Silver
($1.29+ per
fine ounce)
Batlo of sllTer
to gold and
silver In
monetary stocks
(In percent)
13.2
12.9
13.2
23,3't6.5
3,571.0
3,618.3
3,671.5
3,718.5
3,768.5
1953
S2,'t62.8
3,8llt.3
1'*.5
195'*
21,927.0
21,677.6
3,863.1
1955
15.0
15.3
195^-Dec ember.
21,712.5
3,886.6
15.2
1955-Janua27..
February,
March
21, 714.
3,891.'!
3,89l>.0
15.2
15.2
15.2
2l»,lt66,3
April
Maj
June
21,716.3
21,719.2
21,671.3
3,922.''
3,897.9
lit.
13.9
21,6-rh.k
3,901.6
3,906,0
21,677.6
3,922.1*
15.3
15.3
15.3
July
Auguat...
September
21,682.0
21,681.8
21,683.7
3,923.9
3,921,3
3,918.6
15.3
15.3
15.3
October,
Norember.
21,685,8
2l,688.U
3,923.5
3,923.3
15.3
15.3
,
Source: Circulation Statement of United States Money,
silver monetary stock see Table h.
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(in millions of dollars)
Uabllltles:
End of calendar year or lacath
loltS
Gold assets
GoLl certificates,
etc. 1/
23,166.0
23,373.9
21,653.5
21,662.5
22,178.8
Balance of gold In
Treasurer's account
1,077.9
1,053.2
1,052.6
1,032.9
1,008.2
19'*9
211,21*3.9
211,1*27.1
1950
1951
1952
22,706.1
22,695.5
23,187.1
1953
WS"*
22,029.5
21,712.5
21,51*5.7
1*83.
21,223.5
1*89.0
19 5 5 -January...
February..
21, 711*.
21,716.3
21,719.2
21,228.8
21,222.7
21,217.7
1*93.7
April
Maj
June
21,671.3
21,175.8
1*95.'*
21,671*. I*
21,178.1*
21,l81*.2
1*95.9
July
August. . .
September
21,682.0
21,681.8
21,683.7
81,161*.
1*97.3
October...
Bov«nber,
21,685.8
March
Source: Circulation Statement of Dblted States Money.
1/ Camprlsee (1) gold certificates held by the public and In Federal
Eeaerve Banks; (2) gold certificate credits In (a) the gold certifi-
21,677.6
21,688.1*
1*85.7
501.5
1*93.1*
21,183.2
1*98.6
21, 161* .2
1*99.5
21,196.8
21,192.1
1*88.9
1*96.2
cate fund - Board of Sovemors, Federal Keeerve Syatea, and (b) the
redemption fund - Federal Peeerre notes; and (o) reserve of $156.0
million agalnat Ublted States notes and Treasury notes of 189O.
\
Janaarij 1^56
1^7
4«
Treasury Bulletin
i
January 1956
1^9
.CAPITAL MOVEMENTS.
Data relating to capital moveoentB between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 656O of January 15,
Executive Order IOO33 of February g, 13^3, and
pages '*5-'*7. As a result of changes In presentation
introduced In that Issue, not all breakdowns previously
published will be ejiactly comparable to those now presented.
1934,
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
monthly.
countries Is reported monthly, and Is published regularly
countries, of data on short-term banking liabilities to
In the "Treasury Bulletin." Supplementary Information is
published at less frequent Intervals.
Reports by banks,
bankers, securities brokers and dealers, and Industrial
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
The first three sections which follow are published
They provide summaries, by periods and by
of the latest available prelLnlnary data.
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury.
Section IV provides supplementary data In five
Beginning April I95U,
data reported by banks In the Territories and posseeslons
of the United States are Included In the published data.
tables which appear at less frequent Intervals.
Table
1,
short-term foreign liabilities and claims reported by
nonflnanolal ooncerns, Is published quarterly In the
January, uprll, July, and October Issues of the Bulletin.
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
euch Institutions may be located, and International
organizations.
"Short-term" refers to original maturities
of one year or less,
and "long-term" refers to all other
maturities. A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June
igsit^
Issue of the "Treasury Bulletin^"
Section
I
-
2, long-terra foreign liabilities and claims reported
by banks and bankers, and Table 3, estimated gold and
short-term dollar resources of foreign countries, are
Table
published quarterly In the March, June, September,
December Issues.
Table
k,
and
foreign credit and debit
balances in brokerage accounts, appears semiannually In
Table 5. short-terra
the March and September issues.
liabilities to foreigners in countries and areas not
regularly reported separately by banking institutions,
is presented annually in the April issue.
Sununary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In mllllone of doHare; nogatlye figures Indicate a net outflow of capital from the United States)
50
Treasury Bulletin
.CAPITAL MOViMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(PoBltloo Qt end of period In nllllons of dollars)
Short-teim liabilities to foreigners
Payable in dollars
End of calendar year
or month
Foreign
official
Other
foreign
igllS
1,205. 1(
2,2l4l4.l4
1,91*7.1
W^S
5,37't.9
igkU
igu?
5,596.8
6,883.1
3,320.3
3,335.2
19116
6,1.«0.3
2,036.7
2,239.9
2,678.2
2,922.0
19't7
7,116.4
7,718.0
7,618.0
8,6Wt.8
9,30a.S
1,832.1
2,836.3
2,908.1
3,620.3
2,972.7
3,51*7.6
1952
1953
10,5146.1
195'<
Payable in dollars
Payable in
International
forei^
Total
currencies
Loans to
foreign banks
Payable in
foreign
currencies
246.7
257.9
329.7
392.8
708.3
72.0
86.4
105.4
100.3
319.6
245.0
290.5
30.9
34.4
54.6
47.5
98.1
948.9
1,018.7
827.9
898.0
968.4
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
506.3
699.4
165.4
100.4
110.8
240.6
91.8
13.9
17.9
21.6
25.5
143.7
137.2
169.7
1*73.7
1*0.6
''9.7
3,1*51.7
2,262.0
1,86U.3
1,657.8
1,527.8
1*,
01*1.2
1,61*1.1
72.2
14,6514.2
It,
21*5.
1,581*.
61.1*
11,6148.1*
5,666.9
1*,
308.1*
1,629.1*
12,922.5
6,7714.0
14,335.1*
1,769.9
43.7
43.2
1,048.7
904.5
1,386.5
122.9
156.5
206.5
847.5
646.5
969.0
78.4
101.6
211.0
12,852.8
12,709.9
12,728.0
6,71*9.5
6,5140.3
'',305.9
l*,329.7
1,752.2
February
March
6,508.1
1*,
361.1
1,812.8
45.2
54.9
46.1
1,380.2
1,367.8
1,365.7
219.0
203.1
195.4
198.6
173.2
170.7
April
May
June
12,887.2
13,052.8
13,117.5
6,632.9
6,711.3
6,775.7
14,393.8
1*27.
I*,l4l4l.9
1,820.7
1,875.0
39.8
38.9
45.5
1,380.2
1,414.7
1,450.4
217.0
244.0
236.1
962.7
991.5
999.6
1,002.4
1,005.6
1,040.1
160.8
165.0
174.2
July
August
September p ,
13,1141.7
13,0147.3
6,658.0
l*,578.0
6,552.14
231.9
262.3
6,803.0
1,81*1*.
44.8
40.0
43.7
1,416.4
1,428.9
13,351.5
14,596.3
14,660.6
1388.0
237.3
1,041.4
1,029.8
1,015.1
143.2
136.8
135.6
October p.
13,5611.7
6,888.5
14,8014.3
1,820.8
51.2
1,428.9
254.8
1,024.8
131.3
i3ke
igitg
1950
1951
1955-J<uiuary
p
'•,179.3
3,Olt3.9
Short-tona claims on foreigners
. .
2,9147.0
3,001.0
70. 1*
51.0
1*4.9
l,78l*.9
1*,
l,85l*.lt
1,860.8
1,858.6
Preliminary.
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)
U. S. GorerDDent bonds
Calendar year
or month
Purchases
396.8 i/
164.2
241.3
513.6
377.7
1935-41
1942
1943
1944
1945
Corporate and other
and notes 2j
Net
purchasee
Sales
492.4
138.5
170.6
268.2
393.4
Total
purchases
Bonds 2/
:
-95.7 i/
25.7
70.7
245.3
-15.7
Ret
purchases
2/
2/
H
2/
H
H
Sales
Set
purchases
Total
sales
Ret purchases of
securities
841.6 1/
75.5
194.6
171.4
357.7
-411.1.
20.9
-43.0
-34.6
-97.4
9,322.1
260.6
392.9
650.4
637.9
8,695.3
214.0
365.2
439.7
751.0
626.7
46.6
27.8
210.7
-113.1
367.6
226.1
369.7
354.1
666.9
432.1
376.7
514.1
375.3
664.0
-64.5
-150.6
-144.3
-21.2
2.9
782.1
570.9
652.2
784.1
2,011.1
1,116.3
659.9
844.4
708.9
1,066.6
-334.2
-89.1
-192.2
75.2
944.4
619.5
649.2
533.9
980.2
120.3
1.0
55.2
135.0
1,533.3
1,384.0
1,447.9
2,205.7
2,117.6
1,069.0
1,459.4
2,056.4
-584.3
314.9
430.2
96.4
151.6
136.9
260.2
,
i/
1946
1947
1948
1949
1950
414.5
344.8
282.4
430.0
1,236.4
684.2
283.3
330.3
333.6
294.3
-269.7
61.5
-47.9
96.4
942.1
107.7
108.3
1951
1952
673.6
533.7
646.0
800.9
1,356.6
231.4
728.0
792.7
-683.0
302.3
-82.0
8.2
120.0
200.1
212.8
289.7
141.6
188.5
197.4
283.6
-21.6
6.1
739.8
650.2
589.1
1,115.1
120.8
360.8
83.3
81.1
216.0
72.1
39.7
144.8
11.2
30.9
25.3
39.6
33.3
33.7
-2.4
-8.4
9.6
146.1
134.2
144.9
115.4
127.5
132.9
30.7
6.7
12.0
297.8
520.4
267.9
229.8
30.0
377.2
235.1
67.9
143.1
32.8
48.4
17.8
28.3
-.2
7.2
-1.0
117.6
119.2
150.4
112.1
111.5
130.8
5.5
7.7
19.6
183.8
396.5
190.2
174.9
275.1
174.6
8.9
121.5
15.6
117.8
98.3
128.4
31.3
17.5
22.2
214.7
315-4
218.3
163.0
140.0
187.3
51.7
175.4
31.0
120.2
-13.8
175.3
170.4
4.9
1953
1954
1955-Jaiiuary
February
March
.
. .
H
H
2/
-.r
U.7
15.3
April
May
June
249.0
14.1
44.8
142.4
17.1
3.6
106.6
-3.0
25.8
18.0
21.2
26.7
July
August
September p
47.8
lBo.6
38.2
23.9
24.3
33.0
23.9
156.3
5.2
17.8
19.0
29.7
21.3
17.5
26.1
-3.5
1.6
3.7
149.1
115.8
150.4
21.4
29.7
-8.3
47.4
20.5
27.0
106.5
October p...
1/
2/
Throi^
i/
January 4, 1940, through December 31, 1941; the breaMown between stocks
1949, includes transactions in corporate bonds.
Through 1949, Included with transactions in U. S. Government bonds and
notas.
and bonds Is not available for earlier years.
Preliminary
-U.5
149.3
iJanaary l'^f%
52
Treasury Bulletin
.CAPITAL MOVIMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Pooltlon at sM of period In lllloaa of doliaj™)
CaXflodar jear
1955
Countr7
1951
Austria
Bel«liB
Ccechoslorakla. .»•
Deiaark
toTvaj
Poland
Forti«al
RxiiBzila
Sveden
Swltzerlazid
Turlcay
U* 9* Oa •« ••••••••••*•••«••«*•
T&llted Kli^don
••.,
,
TngoelaTla
Other Europe
Total Kurope
Uitln J>»enca t
Argentina
273.4
99.5
282.7
104.1
279.9
104.4
.6
.6
.7
.7
.7
.7
.8
.6
.8
70.4
28.5
95.7
37.9
71.1
41.3
64.3
40.4
54.2
38.5
56.5
40.1
60.3
41.9
63.7
41.1
54.5
46.4
34a.6
551.1
47.3
308.9
203.1
428.5
898.8
100.9
465.7
242.9
715.4
1,372.5
112.5
578.6
249.3
766.1
1,407.6
131.0
637.7
194.6
785.1
1,397.0
126.6
645.7
202.3
834.7
1,418.3
124.7
675.7
202.1
915.3
1,420.1
126.2
701.7
190.0
980.4
1,421.8
134.0
769.0
199.3
1,017.1
1,425.0
140.6
813.4
182.5
IIB.5
2.2
72.4
5.8
36.0
103.4
2.1
91.3
7.8
71.3
67.8
71.2
3.4
57.4
6,1
19.2
1.9
94.1
8.1
100.6
3.5
94.4
8.0
108.9
67.6
2.2
100.6
8.0
112.9
65.8
1.8
106.4
7.9
67.7
2.0
111.6
8.2
120.1
72.2
2.7
119.8
8.3
117.2
91.0
641.8
8.4
1.7
817.9
116.7
674.2
14.2
2.0
708.9
141.0
672.4
8.2
1.8
639.5
113.9
672.4
130.4
702.2
9.0
1.1
623.2
140.7
679.2
9.6
147.9
68e.8
148.5
709.1
2.0
663.6
118.9
685.2
11.8
3.1
689.1
9.1
1.0
560.6
9.3
1.4
575.2
645.3
12't.7
12.0
218.8
6.9
383.5
8.6
356.8
8.6
363.3
10.8
359.4
8.4
323.7
9.5
299.3
9.2
263.6
258.1
3,005.9
3,755.5
4,733.6
5,620.5
5.723.9
5.789.7
5.814.8
5,844.2
5.993.2
6.166.9
1,307.1
1,420.7
1,295.5
1,535.7
1,274.7
1,269.3
1,302,3
1,179.6
1,184.4
1,143.0
2li9.7
138.8
24.5
72.5
130.0
19.1
101.7
78.8
150.2
160,4
29.2
156.6
27.6
165.3
69.6
222.2
167.4
28.3
129.3
94.8
90.8
94.2
101.5
25.7
117.7
88.8
103.0
173.7
25.0
125.6
75.4
105.5
164.8
25.6
147.0
87.1
98.2
152.7
25.4
161.9
77.0
105.7
236.7
60.4
34.5
328.9
48.7
254.0
67.3
51.1
371.7
45.2
244.6
70.7
50.5
341.3
42,1
241.3
70.6
51.1
326.8
44.3
230.7
71.0
46.7
321.2
42.9
235.7
69.6
249.1
42 .6
340.1
46.5
38.5
362.2
42.4
73.7
81.6
48.4
67.5
284.7
133.2
84.3
83.1
49.7
63.9
261.3
129.5
79.8
88.9
45.1
61.3
253.1
133.7
85.0
86.0
38.8
59.7
234.5
81.7
95.3
26.6
60.3
260.3
130.7
289. "i
"105.6
"i5.8
300.5
IW.B
71.7
5S1.3
14.1
2.5
61|S.6
7.1
•
Canada. ••.•.•.•..••.•.•.«•••.•
,
Bolina
27.8
Brazil
Chile
ColodMa
,.•••
CnM
Septcmberp October p
268.6
106.8
6.1
17.1
•*••••••••••
•••*••••••••
•••.•••
Auguat
271.7
103.5
to.
•.•••..•«•
July
273.2
99.8
99.7
2.8
Spain
May
190.9
130.3
27.0
Ftanoe
Oexaany, Tederbl Bepnblle of.,.,
Oraeoe
»••..
•
Italy
Hetherlande
195^
1953
91.1
123.9
57.1
13 '1.7
1.3
moaid
195e
*/
100.3
54.0
106.U
U0.3
79.3
118.2
U9.6
10.3
U9.6
U9.3
.9
279.1
104.8
11.3
301.2
44.2
34.3
231.2
44.3
340.8
Urugnay
•••
Teaezuela
Other Latin Aaerloa
27.8
84.7
71.9
87.8
80.8
60.9
25.6
94.1
145.5
117.4
89.9
68.0
26.8
109.6
222.4
U9.2
73.8
83.4
30.4
90.3
193.6
124.1
132.3
64.6
68.7
32.5
61.4
258.8
131-9
Total latin Aaerlaa
1,455.2
1,612.9
1,768.4
1,905.9
1,989.0
1,920.5
1,896.5
1,654.1
1,915.3
1,937.9
43.2
44.2
36.4
37.2
68.0
99.0
39.3
35.7
34.3
60.8
86.9
100.3
36.4
34.0
61.0
93.4
99.9
36.3
34.3
60.3
97.0
115.4
36.4
36.0
61.7
77.5
107.9
36.3
Indoceala. •.•.•••••••.•.•••
38.3
38.2
70.9
64.6
6l.O
36.3
62.4
62.1
140.6
35.4
60.0
73.1
109.8
35.6
58.1
92.0
120.0
36.7
38.2
56.5
89.7
127.4
Iran
•.....,.•...•.,...,..
larael
Japan
Xopaa, Bepobllo of £/
Rilllpplnss
25.5
26.6
596.0
26.2
329.7
19.2
18.8
808.0
54.4
315.1
43.6
18.0
827.9
91.5
295.5
31.4
41.0
724.9
95.6
257.4
51.6
43.1
720.1
105.8
249.3
51.6
41.2
757.4
107.9
252.0
47.7
43.1
773.8
106.2
258.5
42.4
54.9
808 .2
101.6
260.6
35.5
46.5
864.6
99.6
253.1
42.3
46.0
914.3
95.1
246.8
Thajlnnrt
96.7
142.2
181.0
167.1
167.9
171.2
123.1
234.1
128.
Other Asia
261.1
129.9
299.1
121.2
297.7
122.0
290.1
122.9
321.3
125.0
343.7
AaU
1,595.5
1,836.5
1,895.5
1,825.4
1,884.7
1,982.6
1,967.7
1,994.4
2,085.5
2,161.7
38.5
54.5
59.2
89.6
T2.3
44.3
59.6
38.2
95.7
47.7
43.6
47.1
32.7
94.0
70.2
4a .9
48.3
7.0
86.8
47.2
llB.6
59.7
23.6
86.5
33.8
110-2
297.4
335.6
326.1
265.1
305.4
263.6
DoBlnlcan Bepobllo ..............
Ooateaala. ........••.•.•.•••..••
Mexico
Vetherlands W. Indiea & Surinam.
Fanaaa, Bepobllc of
Peru
El-
47.2
Aaiai
China Mainland
TonKwa
HoDg Kong. «.,.,,«,«•*, •,•,,.«•••
India
.,
Other eoMitrleel
Anetralia. ..•.....•••.,.,.,,•.,
Belgian Congo. ....•.•.•.•.•.....
Bgypt and AnAlo-Iggrptian Sndan..
Oiion of Sooth Africa
All other
Total other oomtrlea
27.3
158.2
34.9
67.7
Salv^or
Votal
l»5.8
•••
U0.7
39.3
37.9
183.2
51.5
43.3
301.0
lorenberp
68.3
70.0
42.2
45.0
32.8
109.5
36.9
115.8
73-7
44.9
70.5
34.3
111.2
299.5
328.9
334.6
International
1,641.1
1,584.9
1,629.4
1,769.9
1,875.0
1,854.4
1,860.8
1,858.6
1,844.2
1,820.8
Orand tstal
9,302.2
10,546.1
U,648.4
12,922.5
13,052.8
13,117.5
13,141.7
13,047.3
13,351.5
13,564.7
119.5
\
January i95b
53
.CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 2.- aiort-Term Banking Claims on Foreigners
(Position at end of period In millions of dollars)
Country
5*^
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securl ties by Foreigners
(In thousands of dollars; negative fl^iiree indicate net sales by foreigners or a net outflow of capital from the United States)
Country
I
hnuary /956
55
.CAPITAL MOVEMENTS.
Section II
-
Summary by Countries
Table 4.- Net Trtmsactlons In Long-Term Foreign Securities by Foreigners
(In thousands of dollaTB; negative flgriree Indicate net sales by foreigners OT a net outflow of capital from the United States)
Calendar year
1955
Country
1951
1952
1953
May
19^>*
July
August
September p
Europe:
Austria
Belgium
Czechoslovakia.
Detmark
Finland
France
Germany, Federal Eepublic of.
Oreece
Italy
Netherlands
Norvay
Poland
Portugal
Hunanla.
Spain
S. S.
-'•,133
li,90!»
13
-506
26
1,167
2,773
1*0
50
1,170
-8,702
3,312
l,3't5
-e
-36I*
9,209
-318
67
It, 706
961
-163
lit ,2 1*5
1*7
3,056
-23
1,1*89
7,211*
2,680
-11
-7
-23
2,027
628
2,135
276
2
2U6
92
21*
679
528
-502
792
-5
25,571*
21*7
1,179
5,395
-11,670
-76
-586
-162
1,669
1,188
3,11*3
1,260
1,351
3,991
537
-81*, 81*1
5
-337
335
-1
-93
-6,091
-3,511*
2,01*8
10,337
-319
-17
286
-1*1*
-13
-4
207
-9
62
1
-108
282
-1.87
-662
8,73 >*
37,301*
-18
33,620
-197
91*5
6
-2,01*7
-U,398
37,051
-19
-2
-1
-73
526
2
3
51
2,021*
-5,081*
399
260
10
117
-752
-l*,l*39
-5,831
-221
2U
-373
1*1*2
-23
-1*8
66
-31
-36
10
-11*
-7
21*
-12
-1*3
-9
571
11
1,1*1*8
-39
-375
-11
-75
127
J*
1*
-1*1
-9,1*63
-3,701*
-12,721
-7,133
-3,338
-6,789
-21*3
18
110
131^
1*81
658
-21,151
-7,591*
-1,31*3
26,l*l*8r
-5,769
-72
-6
E
Ublted Kingdom.
Yugoslavia
Other Europe .
1,995
12,001*
..*.
Sweden
Switzerland ....
Turkey
tj.
5,256
98
3,818
3,511
-28
5,309
58
51*9
-303
-25
806
752
1,131
lai
2,807
28,500
19,939
96,259
-9,119
-258,567
-11*1,019
-137,761
-133,171*
-1*20
116
78
501
13 It
-292
77
7,051*
6,981*
5,51*0
-92
6
162
.
Total Europe...
-li,lt6lr
20,513r
2,8a5r
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Pepublic
Guatemala
Mexico
Netherlands W. Indies & Surinam.
1*3
-11
32
767
263
70
201*
5,388
5,239
2,163
7,189
1,562
51
328
1,711*
1,21*5
-323
-1,1*03
-10
1,150
389
268
171*
1*17
179
1,281
236
5,239
5,3U
-11*3
-351
509
-C7
33
1,177
99
168
122
1
k
-92
-2
66
3,089
-1,007
127
3,961*
l*,296
5,351*
6,031
1,351
1*,1*56
1*11
296
301
60
1*8
51.
211
5
1,202
582
16
86
611*
35
731*
1,115
515
1*35
31*
-58
-55
1*3
Panama, Re3mblic of
5,298
1,801*
5,065
-313
296
31*0
750
2,210
309
1*1*1
-50
775
2,137
1,633
-1*30
-150
IjTllt
llt5
68
-2,030
1*2
-983
-36
-16
-19
12
-166
281
-11*1
-318
-38
10
352
207
Psru
El Salvador
Uruguay
Tenezuela
Other Latin America
1,322
129
2,753
33,816
25,332
'',797
1,611*
2,683
1,792
-22
6
-9
Total I^tin America.
China MaliOand.
Formosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Eepublic of.
Phlllpplnea
[
6,299
117
12,179
599
32,760
820
353
-21*
31*,
8,681
1,1*92
2,358
102
2
109
11*0
-181.
l*,869
136
27
12
-51,31*6
-1*6,757
25
-38,172
1
9,782
1/
-351
1/
5
322
120
182
1*96
22
220
2,159
535
339
-9
i*,038
1/
281
-19
-31
216
6
50
-76
5"*
-97
20
101
-35
170
-2
801
-8
1,1*1*1
251*
11
23
20
31*
-3,096
86
-2,398
20
-1,865
51
-1,1*31*
71
-133
23
36
-169
-638
-219
1
21
1*5
9
-172
-2,781*
-2,862
139
1*19
19
-1*
-11*
-2,551*
-39,992
6,232
96
1/
-1*5
11*, 321*
Thailand
Other Aaia
6,1*81*
'*,320
1*31*
IQl*
1,272
501
-2,387
-211
Total Aaia
-36,003
-10,01*2
-29,905
-31*, 11*9
-2,290
-2,271
-2,673
-'*,'*23
-2,937
Australia
Belgian Congo
Egypt and Anglo-Egyptian Sudan.
Union of South Africa
All other
3,051*
2,519
25,959
11,01*2
11*5
1,983
-2
3
1*
2,762
-1
-1*03
-11
16
997
1
3,075
25
222
60
62ll
-5,1*13
U,013
9,280
-5,107
U,956
-10
5,060
-103
-101
-181
Total other countries:
7,938
5,981
25,813
7,180
5,096
1,701
International
-152,673
-118,067
-61,236
-163, 86£
-*,130
Grand total.
-376,989
-217,876
-72,231
-300,388
-l*,307r
5
Other countries:
1/
Not reported separately prior to March 1951*.
-5,61*7
1,722
99'
3,688r
Rrelinlnary,
Pevlsed.
2
2
1
182
101
-115
-310
1
1,21*8
3,065
2,1*53
-9,728
820
-12,1*1*0
1*
61*
9,315r
-U,967
-ll*,976r
56
Treasury Bulletin
.CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of November 30, 1055
(Poaltloo In tbonani* of dollan)
aiort-tem llabllltlea payable In dollar*
CODOtlT
Total
ahort-tera
llabllltlee
To foreign banka and official Inatltntlona
Depoalta
Short-tei«
llabllltlea
payable In
foreign
ourrenolea
To all other forelgnara
u. s.
D. 8.
Treaaurj
bllla and
certlflcatea
Other
Depoalta
TreaauJT
bUla and
oertlf loataa
Surope:
Autrla
269,652
Bal^lsB
98,1.05
Ct«oliOflloTakla
268,091.
1.9,329
231., 092
376
371.
28,875
808
63,637
W.,183
1,068,658
1.2,61.9
23,31.6
1,010,535
l,U21,311t
l,l.llt,676
156,029
809,630
172,852
11.7,005
781.,051
159,931.
18U,979
3U,'.52
93,951
123,902
66,015
68,376
2,U25
125,213
8,lU8
111,896
1.5,671.
90,577
6,611
101,769
101,371.
1U9,206
7UO,330
l'.l,595
622,01*5
1.7,969
331,1.97
,
9,3li5
U.3.S.B
Doltad Elnslca.
6Wi,919
6,100
568
383,571
235,1.59
Bvxaark
ruOud
rrsDca
Otzmaaj, Tederal Republic of.
Or»«ee
ItUr
etharluula
lormiT
FolaM
Fortngal
Bsaanla
Siptiln
56,11.0
2,01.3
16,025
23,777
2,020
87,259
3,000
831
31,002
19,623
1,558
48,743
432
7,465
1,534
56,983
6,328
9,024
25,449
12,833
1,558
34,923
432
6,267
1,534
54,918
6,166
8,299
17,256
11,663
20,695
321
34,607
1,537
9,975
1,623
61
299
395
22,617
382
34,624
1,537
10,091
51
65
7,468
117,036
3,130
326
238,755
7,253
104,859
3,130
326
175,832
213
3,653
8,524
62,248
675
407
2
39,000
11,790
80,305
1,115
7,513
31,123
96,424
54
53,305
13,614
16,21*6
5,651
79'*, 1.33
1,004,800
53,000
6o6,81*l*
23
3,318
6,6U
5,190
8,630
290
908
1,213
852
162
575
150
8,015
1,158
178
12
17
2
139,236
17,956
125,489
561
17
8,876
182,563
7,388
U7,8o6
53,521
1,096
81,236
U,06l
407
10,285
364
412
5,52l.,389
1,982,261
3,01*3,735
498,393
617,783
512,243
84,229
21,311
1,125,268
865,661.
1*33,667
1.09,823
22,174
245,897
185,361
52,435
8,101
Argentina.
BollTla...
152,U95
37,349
15,805
77,647
45,984
41,804
36,795
15,795
73,523
45,597
41,351
552
10
1U9,057
75,239
119,717
112,975
8,509
56,785
27,519
2
853
Chile
Colcabla..
115,127
8,512
71,268
29,255
77,912
2,152
aruU....
2,871
387
Cuba
Domlnloan Bepubllo
Ouatenala
Mexico
letharlanda W. Indiea & Surinam.
25U,899
65,U»9
UO,556
379,073
183,071.
11*9,957
36,581.
30,500
259,281.
'»1,977
36,916
13,615
252,813
26,51*
9,500
5,000
7,220
3,152
71,733
28,721
16,386
119,681
5,061
70,804
28,721
16,280
112,469
3,661
86,928
91,62U
21., 783
22,1*96
500
81
101
2,108
U7.262
8,8U7
20,819
169,391
70.399
l-9'.7
"'*50
59,723
51,372
13,611
37,510
89,285
43.246
1,9^5,338
1,171,1.11
57.002
1,070,611
62,145
56,697
13,649
41,949
91,689
46.026
54,667
46,133
772,326
740,143
31.2
259
49
12
2,240
111,060
2,145
1,969
608
6,724
6,092
30,248
2,347
1,805
6,724
6,092
29,469
2,347
1,805
315
359
35,406
15
8,514
7,679
3,246
21,546
1,520
20,6e6
7,679
3,245
21,533
1,520
20,401
495
13,233
3,852
22,688
3,761
22,291
Svltsarland...
TxKrtay
Tn^slaTla
Other Korope...
Total loropa
.
.
Canada.
891*
8,891
193,656
6,u58,k67
8,1.81.
75,670
165,059
5,539
551
Latin Aasrlcai
Faoaaa, Bepubllo of
Peru
SalTador
Uruguay
Tensiuela
Other Latin teerlca
Total lAtln Aaarloa
n
2lt,317
62,860
261,389
36,728
21., 170
3l.,926
3
14,483
1,736
1,808
76,101.
2l.,702
3l*,a25
6,239
2,617
144
1,055
1,'.71
3,323
449
17,1*96
168,91.2
453
730
199
87
7,000
1,400
19
212
1,490
125
932
5,200
38
3,798
104
246
641
2,300
2.534
17,162
15,021
*alai
China Malnlazd.
Foraoea
Hong Kong
India
iBdonaala
36,651.
38,81.9
29,930
32,757
29,329
32,696
56,773
88,819
lW.,600
26,U5l.
2l.,309
86,165
l'«,795
81,956
31,127
Iran
laraal
Japan
Eor«a, Republic of.
29,1.3'.
29,119
1.9,301.
1.6,058
951,922
90,919
930,369
89,399
1.5,699
81.5,6U0
88,381.
22l.,899
37,113
49,323
1,000
176
225
nillpplnea
25l.,088
233,1.13
Thailand
Othar Aala
129,061.
339,1'.'.
125,212
316,390
27!., 371
62,677
28,786
Total Aala
2,217,21.9
2,088,376
1,769,569
255,477
63,330
128,373
126,867
228
1,278
28,700
67
58
1
6
2,671
2,735
62,01.0
91
397
Othar oountrleat
Anatralla
Belgian Congo
VSTpt and Anglo-KSTPtlan Sudan.
Qalon of South Africa
All other
Total other oonntrlea
Latamatlonal .
Orat
total...
70,168
30,596
1.3,788
1.3,280
25,181.
U,010
67,879
35,178
65,222
27,592
92,909
25,328
6,533
80,851
39,600
20,900
3,072
10,872
7,086
294
159
8,986
3,912
507
2,657
6,737
26,117
3,912
449
2,589
6,732
23,440
7l.,78l.
119, 1.51
5
3Ul,080
299,171
168,1.92
103,282
27,397
39,930
37,122
73
1,822,671.
1,817,989
66.000
1,742,389
9,600
4,685
3,185
1,500
13,6eo,OT6
11,767,000
5,1.90,600
5,609.373
667,027
1,806,994
1,604,921
155,627
48.446
\
January
19%
57
.CAPITAL MOVIMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Terra Banking Claims on Foreigners as of October 31, 1955
(Poaltlon In thousands of doUara)
Short-teni olalns payable
In foreign eurrencles
Short-tem olalas pajahle In dollara
Total
short
tezv
Conntzy
Collections
outstanding
for own
account and
doiwatic
c us toners
Loans to:
Foreign
K«wv« snd
official
Institutions
2>eposlts of
Other
reporting banks
and doneetic
costoaere with
foreigners
Total
Eiiropa:
Austria
515
1,913
2,418
10,830
66,692
3,288
29,61A
13,228
7,946
64,320
3,287
29,261
12,405
530
3,711
0IVS7
1>,103
R>ljod
Portngal. • .•••••••••••>••••••••»•<
SoMiila* ••.•••*•.•••••••••••••.
30
1,012
2
7,02U
4,003
30
976
2
4,822
12
402
2,538
93,219
4,924
23,417
92,195
147
4,360
89,800
65,237
21,302
6,643
205
5,706
203
5,507
85
632
357,908
299,539
123, '•63
58,425
5,82U
3,1*9
90,766
7,702
121,959
5,785
3,474
90,190
7,700
121,947
91,578
3,910
U,l88
151,135
1,520
Fanana, Republic of ..•.•........,•.
«,6n
Peru
EL Salvador
20,li63
Tbniguay
48
5,405
519
511
530
258
371
4,156
20
1,149
396
6,600
1,721
93
1
88
3,263
851
755
6,547
94
3,148
8,718
2,509
3,993
8,841
1,005
51,040
23
9,462
2,417
2,884
2,372
1
383
823
755
2,327
1
331
764
666
1,093
30
532
2
2,156
100
100
30
36
36
281
173
1,830
2,20e
2,202
13
13,703
2,772
2,849
2,395
1,992
2,505
468
3,327
1,024
3,274
1,024
3,585
6,689
4,385
43,935
38,604
2
3.540
118
1,232
103
2
196
121,690
35,941
51,186
90,722
58,369
50,672
12,459
27.329
6.426
12,211
65,038
61,943
756
20,004
2,182
27,581
2,034
566
15,556
893
14,617
2,995
2,900
21,619
2,625
44,243
33,011
2,000
35,506
91,240
3,842
4,188
149,734
1,520
47,929
1,300
163
54,174
21,094
300
111
35,287
10,906
62
119
47,027
423
11,311
2,180
3,795
13,246
1,097
9,608
93,301
34,369
13,605
20,411
6,462
9,161
92,006
34,327
7
4,496
17
5,181
12,596
2,959
11,290
1,181
584
2,025
30,495
5,428
1,764
12,150
3,372
1,171
36,398
21,440
544
2,584
2,489
784
12,517
4,500
447
1,295
62
447
289
659,905
655,592
179,353
141,884
182,306
152,049
4,313
2,429
2,522
2,476
5,485
3,977
4,414
700
2,475
5,437
1,161
1,595
459
12
37
2,357
2,292
684
873
1,529
45,492
Tballand
Other Asia
106,785
711
17,288
6,341
66,315
18,918
8,724
106,772
711
17,257
6,341
65,838
li,384
5,209
57,273
241
17,972
680
10,549
711
5,655
1,099
8,322
Total Asia
242,840
241,613
132,444
21,812
11,335
5,010
1,696
10,684
16.030
44,755
9,788
4,994
1,457
10,330
15.812
42,381
1,280
1,428,871
1,297.550
CieohosloTskla
BsiBBrk
•...*.
Orseos
Italy
Vstharlands
c
,
,
Spam
Smdan
5,392
26,7U1»
airlUsrland
TDXksT
V. S. 3.
tkilted
81
8,673
nnlsBd
IMnes
Oennay, Fsderal Bopublle of
61
301
42
9,259
1,053
88
1
456
B
Klnq^fM
Tngoslavla
Othar Europe
,
Total Europe
Canada
,
Latin Anerloa:
Argeaglna
BollTla
Brazil
,
Chile
Oolxmbla
Ctiha
.
1
1,452
935
12,926
81
8,580
2,417
935
13,Wi5
Bsl«m
,
Doalnleen Republic
Ouatenala
Hezioo
letharlands Vest Indies & Surlnsm,
<
6,W2
Tenetuela
Other Latin Anerlca
•
Total Latin Anerloa
e
199
39
15
576
2
39
188
12
9
338
68
296
1,401
1,099
6
52
29
33
Asia!
Mainland
Forooea
Hone Kong
India
Indonsala
C!hlna
•
Iran
Israel
Japan
Korea, Bepubllo of
ItalllpplneB
5,1*85
1»,089
'•,879
782
18,919
8,721.
1
16
73
1,307
19,682
46
46
112
465
82
110
459
11
515
1
5,208
31,049
13
12
31
26
209
4
2
477
477
50,359
36,998
1,227
1,130
1,547
16
239
354
218
15,715
4,455
305
185
156
798
5,899
497
15
239
2
1.069
1,072
4,052
4,668
981
4,736
5.258
19,695
2,374
97
890
461,661
228,038
309,972
297,879
131,321
U7,064
9
29
Other countries I
Australia
Belgian Cos^o
IJSTpt & Anglo-Egyptian Sudan
QiloB of South Africa
All other
Total other oomtrlas
21
291
5,436
8.687
42
Interoatloaial
Orand total
14,257
)&
Jan uanj iV56
59
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 1.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns
(Position at
erxi
of period la thousands of dollars)
Liabilities to foreigners
Country
Cleljiis
lSi5Jt
1955
1954
September
September
Europe;
Austria
Belgium
966
13,2lt5
CEOchoalovalrla
316
Denmarlc
31*3
Finland
655
Trance
Cermany.....
Greece
Italy
Netherlands.
13,786
3,704
I»,ii96
7,8te
10,202
emay
R>land
Portugal.
9,917
16
2,783
. .
Bmanla
1.69
SiKiln
'',559
685
13,873
316
414
548
669
12,254
320
322
815
724
14,384
332
278
806
1,334
13,281
212
11,109
5,211
3,749
10,414
10,452
11,046
5,434
3,461
8,216
12,226
13,945
4,865
4,205 r
8,214 r
12,733
13,011
5,106
3,545
7,425
12,810
7,717
16
2,650
390
4,421
7,222
5,681
6,607
14
3,140
396
4,998
12
13
4,171
424
6,384
4,361
425
6,297
4,U7
469
540
Svedsn
Switzerland....
Turkey
O.S.SJi
anted Elngdom.
3,061
9,294
2,262
281
44,590
2,645
14,195
2,515
TugoelaTla
Other Surope...
625
646
625
717
863
Total Europe...
134,060
134,362
140,836
38,109
34,991
39,054
24,775
83,205
4,964
1,885
15,652
4,946
7,856
8,510
1,051
1,196
6,015
4,681
1,666
14,223
4,685
4,858
6,125
417
537
4,941
4,400
1,703
14,337
4,187
5,872
9,712
497
657
4,008
5,028 r
1,676
13,887
5,047
5,245
14,114 r
439
3,134
4,645
1,842
10,490
5,290
4,039
13,540
340
705
3,615
lAtln Aasrlca;
Argentina.
BollTla. .
Brazil....
Chile
Coloobla.
Cuba
Doolnlcan Bepubllc
Guatemala
Mexico.
letharlanda W. Indlea
4 Surinam. ............
Panaaa, Kepubllc of • . • .
Pern
SalTador
Urusoay
Tenelnela
Other lAtln Aaenca....
381
41,419
14,295
1,566
281
48,663
518
3,484
12,783
1,560
270
69,793 r
528
959
166,535 r
593
2,658
10,503
1,749
261
59,773
395
476
1,485
796
1,049
1,513
2,304
3,203
12,318
191
4,891
8,793
2,270
2,943
10,307
74,595
2,393
71,545
7,714
11,220
124
4,841
5,296
3,064
9,008
10,034
99
5,141
5,022
2,905
79,069
China Mainland
Fbxnoaa.
Hoog Eoi%
India
Indooeeia
3,316
679
1,549
4,123
1,485
3,313
1,269
1,116
4,254
2,106
3,308
845
1,519
3,746
2,394
Iran
Israel. ...........
Japan. . ............
Korea, Republic of.
IMllpplnes. ....•••
630
983
7,602
342
3,888
1,055
1,231
12,021
3,945
912
1,360
10,852
128
3,439
Thailand
Other Aala
8,180
6,807
7,541
6,359
7,786
7,201
Total Asia
39,584
44,383
43,490
43,594 r
6,850
200
7,554
188
9,740
249
4,430
134
8,787
281
627
861
3,706
808
579
3,23g
884
745
2,696
723
1,019
4,647
1,468
1,264
4,467
ia,244
12,351
14,314
10,953
16,267
17
22
Total lAtln Aaerlca....
101
4,861
4,518
83,135 r
629
7,156
910
1,649
908
16,095
2,800
19,524
8,835
16,473
10,061
2,625
16,442
10,611
2,273
58
2,264
137
5,574
2,129
71
1,757
129
4,375
5,617
3,860
10,039
25
59,181
4,757
6,745
14,559
34
69,473
U,559
4,008
151,511
9,099
13,361
275
4,681
9,292
2,249
92,517
U
433
6,323
852
1,826
782
Aslal
Other countries:
Australia
Belgian Congo
Egypt and Anglo-Egyptian
Sudan. ................
IKilcn of South Africa..
All other
Total other countries..
Inteniatloaal
,
Grand total
•
173
_3Z_
316,514
300,774
309,256
3,346
377
1,301
1,850
2,208
1,405
1,239
13,121 r
365
2,762
7,934
7,686
329,014 r
3,324
301
1,163
2,551
1,393
1,703
1,269
8,202
218
2,994
7,726
7,850
38,694
37
308,783
507,716
on foreigners
i/
60
Treasury Bulletin
.
COEPORATIONS AND CKRTAIH OTHEE BUSDffiSS-TYFE ACTIVITIES.
Financial statements of corporatlone In which the
United States Government has a proprietary Interest,
direct or Indirect, and of certain other business-type
activities of the United States Government are sub-
and application of funds, which are published In the
"Treasury Bulletin."
The balance sheet tables for September 30, 1955,
They are published for each quarter.
mitted quarterly to the Treasury Department, In accord-
appear In this Issue.
ance with Budget-Treasury Regulation No.
Issued under
The tables on Income and expense and source and application
Executive Order No. 8512 of August I3,
iglK),
as amended
of funds are published at six-month Intervals, and cover
by Executive Order No. 90gl^ of March
igUS.
Data from
3,
3>
the periods ending June 30 sni December 31-
They appear
these reports, adjusted for consistency where necessary,
in each case in a Bulletin issue subsequent to that
are compiled In a series of tables covering balance sheets,
carrying the corresponding balance sheet data.
statemente of Income and expense, and statements of source
Table 1.- Summary of Balance Sheets of Corporations and Certain Other Business-Type
Activities of the United States Government, September 30, 1055
(In mlllioafi of dollars)
Account
January
/'VJ6
61
•COKPORATIONS AND CERTAIK OTHER BUSINESS-TYPE ACTIYITIES.
Table 1.- Summary of Balance Sheets of CorpNsratlons and Certain Other Business-Type
Activities of the United States Govemment, September 30, 1055 - (Continued)
(In nlllions of dollars)
Corporations
UASnJTXKS
Accounte payable:
GoTenmant corporations and agenclas.
Others
130,6
lUO.O
3.k
99.9
129 .U
3.2
299.7
56.5
2.9
72.8
179.9
119.9
156.5
767.1
23.7
727.5
132.8
39.6
17,W»0.0
9.9
5,385.0
2,128.1i
12,055.0
5.3
2,086.1
2l»0.0
163.7
76.3
127.2
'lO.l
teemed liabilities I
U. S. Treasury
Other GoTemnent corporations and aeanclas.
Otjiere
Trust and deposit liabilities
.3
:
OoTera^nt corporations and agencies.
0th era
Bonds, de teoturee, and notes payable I
U. S. Treasury
Other Goremnent corporations and agencies.
Others
Safezred sod undistributed credits.
Other liabilities (includli^ operating and
U.6
1*2.2
llsMUty
reserrss)
Total llabllltlae.
565.5
1*2.1
123.1*
22,010.3
15,81*5.9
6,161*. I*
151.0
CAPITAL
TAlltad States Interest:
150.0
Interagency
Other
36,29'>.7
1.0
3,278.3
33,016.1*
Total UUted States Interest.
36,U1»5.7
3,279.3
33,l66.U
582.9
582.9
Total capital
37,oe8.6
3,862.2
33,1j66.U
Total liabilities anl capital.
59,038.9
19,708,1
39,330.7
Pald-ln capital and expended appropriations
Treasury loans to Government oorporatloDs and agencies l/.
U0,l£6.6
17,1*0,0
l.,61»8.U
35,'*78.2
12,055.0
5,365.0
Subtotal
Leae
Total Treasury loaas as abore g/
57,566.6
17,1*0,0
16,703 .!•
1*0,863.2
InreetBent of Unl ted States
lamed surplus, or deficit (-), U. S. share
l<0,126.6
16,703.I»
-3,680.9
-1,369.1
-2,311.8
Book Talue of U. S. Interest, Including Interagency Items.
36, 1*5.
15,33't.2
21,111.1*
FrlTate Interests
AiAursis OF uvEflMsri' or
mrm)
states
:
Interagency Items
Total Interagency liabilities.
Amounts due froia (-):
Interagency proprietary Intereets
Gorerxnent corporations
Gcremnent agencies reporting
Govemment agencies not required to report.
27.7
26I(.U
56.5
7.6
256.8
te9.6
91.8
337.8
151.0
1.0
27,7
6.2
150.0
56.5
81.0
99.3
86.6
1*15.6
121.5
36,U59.7
15,30U.5
S. Interest, after ezoluslon of Inter-
Liabilities of Individual corporations and activities (see
and 3).
2
'
6.2
33.9
131.3
811.2
Total Interagency assets.
1/
23,1*23.2
I
AMouQtQ diie to:
GoTemioent corporations
GoTemaeat sgencles reporting
GorenSBent agencies not required to report
Book value of U.
agency Items
17,1*1*0.0
2/
*
71*.
12.7
291*.
21,155.1
An asset of the TreaauiT uider "Loans rooelTsble" (see Table 3).
leea than $50,000.
62
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHKE BUSINESS-TYPE ACTIVITrES.
Table 2.- Balance Sheete of CorporatlonB of the United States Government,
September 30, 1955
(In nllUans of dollars)
January
/9%
6%
Treasury BuUetiti
nnppnPAT-
1
..
.,
.
nn-RpnPATTnws Aim
f
66
Treasury Bulletil
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITEES.
Table 2.- Balance Sheets of Corporations of the lAiited States Government,
September 30, 1055
-
(Continued)
(In millions of dollars)
1^
anuaru /956
nnppnPAT
6£
Treasury Balletic
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Bueiness-Type Activities of the United States
Government, September 30, 1965
(in
milllcnfl of
doHare)
Departzaent of Agriculture
Accowt
Caah: i/
On hand and In banke.
Ulth U. S. Treasury..
Total
Fanners*
Heme
Administration
19. l*
,1
852.6
59.6
DepoBlta vlth other Govt, corps, and agenclea.
Loana receivable:
Govermaent corporatlcnfl and agenclee......
Others:
To aid agriculture:
Agricultural credit corporations
Cooperative asaoclatlcns
,,
Crop, llTestock, and ccmmodlty loans...
Fann mortgage loans
..,.,.,,.,
Other
To aid bone ovnere: Mortgage loans, etc.
To aid luiuBtry:
Railroads
•.....•.•.•,•,,,,,,
Other
To aid States, Territories, etc
Foreign loans
Other loans (not otherwise classified) ..
Less : Eeserre for losses
•
Total loans receivable (net)
Accounts and notes receivable:
Oovemnent corporations and agencies.
Others
Leas: Beserve for losses
Total accounts and notes receivable (tut)
17,UtO,0
.1
12 1).
631.7
2,315,9
532,0
llt.l.
631.0
2.1
555 ."t
123. "t
5,289.6
195.5
15l».9
27,051*,
81t.lt
561,0
12,7
1,061.2
15.1
1,058,8
Accrued assets;
Interest on public debt obligations .
Govermaent corporations and agencies.
Others .,,
I«9s: Reserve for losses
2,2
129. ij
20I1.7
60,3
32.1
Sl.lt
Total accrued assets (net), .,,,,.,,
30li,l
29.0
Canmodltles, supplies, and naterlalB.
5lt6,6
Investanents:
Public debt obllgatlcns of the United States..
Securities of Govt, corps, and agencies:
Federal Housing Administration debentures.,.
Capital stock and paid-in surplus of
Government corporations .,
,,,
Other securities:
liitemational Bank for Eeconstructlan and
Development - stock, ,,,,,,,,,,,,,,
International Monetary Fund - subscriptions.
Other
Less: Reserve for losses
,
Total investsnents (net)
371.9
2,0
150,0
635.0
2,750,0
.5
3,909.3
Land, structures, and oquliioent;
or sale,
•.,.,,,,•,,,,,
Reserve for depreoiation,,,,,
5,328,1*
Total land, structures, and equl[ii»nt (net).
5,309.9
Acquired security or collateral,...,.,,,.,....
Lese: Reserve for losses
,.,.
276.5
Total acquired security or collateral (net).
153.5
Heiji for use
Less:
Deferred and undistributed oharges
Other assets
..,.,.,••,,,,,,,,,,,,,,,,,,
Less: Reserve for losses.
Total other assets (net),.
Total assets
,,,
1.2
18.5
123 .0
6,6
121,9
8,7
113,2
39.330,7
1.2
January 19^6
69
-COKPORATIONS AHD CERTAIN OTHES BUSIHESS-TXEE ACTIVmES.
Table 3.- Balance Sheets of Certain Buelnese-Type Activities of the United States
Government, September 30, 1955 - (Continued)
(In
mnUmB
of dollara)
Bapar^aaat
of ths
Dspeo-taaQt of ;<grloultun
Dapartasnt
of
Conosrca
Aocoict
Famers*
Heme
Adjadnlatra-
Disaster Loans,
etc., EerolTtng
Fund, FamarB*
Adolnlatratlon
floma
tlon
KLectrlflcatlon
Guaztntaad
AdjalnlB tra-
(WorM War n)
tlon
LIABIUTIB
Acoomts payable:
GcTezmiBnt corporatloDs and agenolea.
Ottasra
Total aocotBits payable
Acoinied liabilities
•....
127.2
U0,1
167.3
1
U. S. Treaauiy
72.8
Other GoTeirment corporaticDa and aeenoiea.
Others
119.9
lotal accrued llabllltlss.
193.0
U..1
.3
.2
]l
I
I
|;
Trust «pd deposit liabilities!
Gorexnmsnt corporatiooB and agsDcles.
Others
Total trust
md
deposit liabilities.
Bonds, debentures, and notes payabljsi
U. S. Treasui?
Otber Gcvenment corporations and agencies:
Ouaranteed by tba Silted States ...........
Others: Ouaranteed by the tftiited States....
Total bonds, debentures, and notes payable.
132.8
39.6
15.2
ITS.U
15.9
5,385.0
187.5
"t.6
5,^31.9
ISX
Other liabilitiee (including reserves ).
123 .U
6,ia.U
Total liabilities
PBOPKIKrAint
.8
Ii2.2
l>BfezTed and undistributed credits
.5
11.6
187.5
2* .2
UlTHaBT
Srpended appropcrlatloDS
Excess of Inocoe, or expense (-), ousulative.
35,lt78.2
572.9
-2,312.8
-lalt.O
Total proprietary interest
33,166.»
UU8.9
Total liabilities and pcropristaiy interest.
39,330.7
653.2
-
loans
Federal Harltlas Board
and MarltlBs
Adalnlstivtloa
Departeant
of Sealth,
Blucatloa,
and Welfare
Office of
Blucatlonl
Loans to
students
70
January
19%
71
.
COEPOSATIONS AND CEKTAIU OTHER BUSINESS-TYPE ACTIYITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1955 - (Continuedl
(In Billions of dollATs)
72
Treasury BuUetii]
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Government, September 30, 1955 - (Continued)
(In
ninim8
of dsllars)
I
I
January I95b
Ti
.
COEPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACT IVITIES.
Table 3.- Balance Sheets of Certain Buslneee-Type Activities of the United States
Government, September 30, 1955 - (Oontlnuedl
?•*
Treasury Ballet}
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYTE ACTIVITIES.
Table 3.- Balance Sheets of Certain Business-Type Activities of the United States
Governinent, September 30, 1955 - (Continued)
(In millions of dollars)
1
^January 1956
76
COKPORATI
,
January
19%
7«
Treasury Bullet i\
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TTPE ACTTVITIES-
Footnotes to Tables 2 and 3
Note: The reports as received are revised by the Treaexiry Department to
adjust for certain Interagency Items and therefore may not agree
exactly with statements Issued by the respective corporationa and
other buBiness-type activities.
1/ 37 Executive Order No. IO539, dated June 22, I95U, the President
txensferred the synthetic rubber and tin programa from the Reconstruction Finance Corporation to this Corporation, effective at the close
of business June 30, 195^.
2/ Effective July 1, 195^, the Secretary of the Treasuiy became responsible for the liquidation of all lending functions and of World War II
and production programs of the Reconstruction Finance Corporation,
after giving effect to transfers to other agencies by Reorganl ration
Plan No. 2 of I95U.
3/ Excludes unexpended balances of appropriated funds.
V/ Includes dollar value of foreign currency on dopoelt for account of
the Secretary of the Treasury.
Includes guaranteed loans and certificates of Interest aggregating
$3^^.** mlULlon which are held by lending agencies.
6/ Represents reserve for losses on loans receivable and reserve for
losses on investments. The amount applicable to each reserve la not
available at this tijne,
Represents
matured obligations for which cash has been deposited with
2/
the Treasurer of the United States.
8/ Includes $5-0 nllllon advanced from a revolving fund ^Ich has been
established by appropriations,
2/ Represents equity of the United States Treasury in this Corporation.
10/ Includes deficit resulting from administrative expenses amounting to
21/
22/
21/
2jt/
25/
^
$90.? mlUlon.
11/ Represents Reconstruction Finance Corporatlcm proprietary interest in
a Government corporation,
12/ Since June 30, 195**, this Corporation, which was transferred for
liquidation to the Reconstruction Finance Corporation on January 28,
19^, has been in liquidation under the direction of the Secretary of
the Treasury.
13/ The capital stock of this Corporation is held by the Reconstruction
Finance Corporation,
1^/ These foreign loans and other assets and liabilities were transfarred
from the Reconstruction Finance Corporation, effective July 1, 195**.
15/ Includes $88,8 million guaranteed loans held by lending agencies.
16/ Represents notes acquired from the sale of certain assets to the
Federal land banlcs.
17/ Represents equity of the l&Uted States Treasury in these programa.
10/ Represents net invectnent of the United States Government transferred
from the Reconstruction Finance Corporation,
Ig/ In accordance with the act approved Augxist 11, 1955 (69 Stat. 6U0),
the Home Loan Bank Board ceased to be a constituent agency of the
EouBing and Home Finance Agency and became an Independent agency
known ae the Federal Home Loan Bank Board.
20/ Consists of the management and liquidating functions, and the special
assistance functions of the Association; and the equity of the
States Goveinmont in the Defense Homes Corporation, and other
assets and liabilities, which were transferred from the Reconstruction Finance Corporation, effective July 1, 195^.
Represents activities under the United States Houalng Act, as
amended.
The balance sheet Is subject to change pending establishment of «
con^lete plant inventory and appraisal of net assets transferred
from the Panama Canal to the Company,
The final repayment of capital stock was covered Into miscellaneous
receipts of the United States Treasury on August 31, 19^.
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 Insin-ed banko.
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 $315.6 million and
net expense of $l6l.2 million.
Figure is as of June 30, 1955, the latest available.
Represents mortgages and notes acquired fran sale of voseela.
Represents expended appropriations and excess of Inccoe or eiponao.
Figures representing each of the two amounts are not available at
this tlma.
Represents total Treasury loans to Government corporations. Deducted In this analysis because credit has been taken in the
Corporation analysis In Table 2,
By Executive Order No, IO539, dated June 22, 195^, the President
transferred this program fran the Reconstruction Finance Corporation,
effective at the close of business June 30, 195**.
Represents obligations of Government corporations and business-type
activities aa shewn under "Bonds, debentures, and notes payable United States Treasury."
Representa loan to the thitod Klngdcm. Partial repayments aggregating $182,7 million were made on December 31 of the ye«u?e 1951,
1952, 1953, and 195^,
Includes $1,000 mlUlon due under the agreement with Genaany signed
February 27, 1953.
The Administration was eetabUahed in the Departanent of State by
Executive Order No. IO61O, dated May 9, 1955, effective at the close
of June 30, 1955, as successor to the Foreign Operations Administration.
Effective at the close of business Juno 30, 195*+, these dleaster
loans and other assets and liabilities vere transferred frcia the
Reconatruction Finance Corporation to the Small Bufllnoes Admlnletration.
Represents revolving fund, defense materials procurement activities.
Represents cash with contractors operating Government -owned plants.
Less than $50,000,
Iftiited
26/
27/
25/
22/
20/
21/
22/
22/
2it/
22/
26/
"January
19%
rniMnT.AT-nrE
so
miMrTT.ATlV^
^*p.
\
Treas.
HJ
10
.A2
1956
C.2
U.S.
Treasury Dept,
Treasury Bulletin
i
@FedFRASER