Full text of Treasury Bulletin : January 1958
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LIBRARY
BOOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
\rc*s
to
^^'MVIUUETIW
jnNURRV-1358
LIBRARY
ROOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
UNITED 5THTES TREHSURV DEP ARTMENT
DFFICE DF THE SECRETFIRY
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year fco.OO domestic, $7. 50 foreign.
Single copy price varies.
January 1958
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Cash Income and outgo
10
Account of the Treasurer of the United States
l6
Debt outstanding
IS
Statutory debt limitation
21
Debt op erat Ions
22
United States savings bonds
33
Ownership of Federal securities
37
Treasury survey of ownership of Federal securities
39
Market quotations on Treasury securities
^3
Average yields of long-term bonds
*+6
Internal revenue collections
^8
Monetary statistics
50
Capital movements
5IJ.
Corporations and certain other business- type
activities - income and expense, and source
and application of funds
65
Cumulative table of contents
Note:
log
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear In the
"Treasury Bulletin" are based largely on two Treasury financial
reports,
the
"Dally Statement of the United States Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
Certain monetary statistics are based
United States Government."
at least In part on the "Circulation Statement of United States
Money."
Where thet,e statements are given
dividual tables,
they are cited by name only.
as
sources for InTheir respective
reporting bases are described below.
For other data in the
Bulletin, Information on sources or reporting bases Is given In
connection with the tables themselves.
The dally statement on the new basis was first Issued for
In the deposits and withdrawals as shown, no
distinction Is made ae to the type of accounts (budget, trust,
February 17, 1954.
etc.
).
The deposits are on the basis of certificates of deposit
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dis-
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks Issued and are adjusted by means of
clearing aocounts to the total of checks paid.
Except for
relatively minor amounts noncash lnterfund and other Intragovernmental transactions
The monthly statement of receipts and expenditures was first
published for February 195 *, and replaced the dally statement as
the primary source of Information on budget results and other
1
receipt
and expenditure data classified by type of account.
the dally statement was ohanged to a statement
of cash deposits and withdrawals affecting the account of the
re excluded.
The public debt figures
In the dally statement als
are on a "clearance" basis, with the
exception of those lssuanc
and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks.
debt
Included, however
Noncash
At the same time,
Treasurer of the United States. Both publications have provided
comparative figures on their respective bases from the beginning
of the fiscal year 1953- The announcement of February 17, 1954,
with respect to these reporting changes may be found In the
April I95U issue of the Bulletin.
The dally statement before February 17, 195 *, covered not
only transactions cleared through the Treasurer's account but
also certain Government agency transactions which were handled
1
through commercial bank accounts, and Included noncash lnterfund
and other lntragovernmental transactions. It provided Information
similar to that In the present dally statement with respect to the
Btatus of the Treasurer's account,
The monthly statement shows all receipts and expenditures
of the Government,
Including those made from cash accounts held
outside the United States Treasury. The Information le complied
from reports by the Treasurer of the United States and by all
other collecting and disbursing agencies, Including those agencies
which maintain checking accounts In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the transactions as compiled from these reports la reconciled in the
monthly statement to changes In the balance
In the Treasurer's
account and In cash held outside the Treasurer's account and
changes in the public debt outstanding.
present
and similar to that In the
dally statement with respect to debt
retirement, and amount outstanding.
Receipts and
expenditures, however, were classified by type of account, and
end- of -mo nth
Issuance,
the budget results shown In the dally etatenent were used as the
basis for reflecting the results under the President 'e budget
program ae enacted by the Congress.
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases. Through 1946 they
were on the basis of checks paid by the Treasurer of the United
States.
Beginning with 19^7,
expenditures made through the
facilities of the Treasury Department s Division of Disbursement
were on the basis of checks issued, while certain others, prin'
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially on a
collections basis.
collections basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the baBls of
checks Issued or cash payments made by disbursing officers.
Transactions of an lnterfund or lntragovernmental nature are
Included on the same basis even though the actual Issuance of
checks may not be Involved.
Interest on the public debt Is Included on an accrual basis beginning with figures for June 1955
and the fiscal year 1955. Prior to that, It was Included on a
due and payable basis.
The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures In the "Budget of the United States Government.
11
cipally those of the Department of Defense and ltB predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, oonsletlng of market
transactions in public debt and guaranteed securities, were as
reported by the agencies.
Interest on the publio debt was included on a due and payable basis beginning with November 19U9
and on a checks-paid baelB prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency in the money supply
of the country.
however,
It
Is
issued later than the dally statement,
and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
January 1958
Treasury Financing Operations
Weekly Bills Increased
New Issues of 91-day Treasury bills totaled $7.0 billion In
They refunded $6.g billion of weekly 91-day bill maturities
Deoember.
and provided $200 million cash.
The first two issues were for $1.8
billion each and the second two were for $1.7 billion each.
The
average rates of discount on the new issues were 3.IO5 percent for
December
19;
5;
2.991 percent for December 12; 3.1 1UD percent for December
and 3»173 percent for December 26.
Note:
Details of Treasury market financing operations are shown elsewhere in
this issue of the "Treasury Bulletin," in the tables on "Offerings,"
"Allotments," and "Disposition," respectively, of marketable issues of
bonds,
notes,
and
certificates of
"Offerings of Treasury Bills."
indebtedness,
and in
the table
January 195
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In Billions of dollars)
Budget receipts and expenditures
Net
rece
Expenditures
a/
Surplus
deficit
Het of
trust
account
and other
transactions
1:
Clearing In
account, public
etc.
debt, or
decrease
y
Net
increase In
Treasurer's
account
Levels, end of period
Debt outstanding
Treasurer'
balance, or account
decrease (-) balance
Total
Federal
securities
(-)
Fiscal years:
1946
1947
1948
1949
1950
37,696
36, 1*95
60,448
39,032
33,069
39,507
39,617
-20,676
3,510
-4,017
-9,449
-3,117
-4,180
754
8,419
-1.811
-3,122
-524
-1,103
-294
-495
99
366
483
478
4,587
-214
-2,135
3,883
6,966
5,189
3,115
-10,460
-10,930
1,624
-1,462
2,047
14,238
3,308
4,932
3,470
5,517
269,422
258,266
252,292
252,770
257,357
1,839
-388
-2,299
2,096
-551
7,357
6,969
4,670
6,766
6,216
255,222
259,105
266,071
271,260
274,374
476
90
73
269,898
258,376
252,366
252,798
257,377
1951
1952
1953
1954
1955
47,568
61,391
64,655
60,390
44,058
65,408
74,274
67,772
64,570
1956
1957
68,165
71,029
66,540
69,433
1,626
1,596
6,546
5,590
272,751
270,527
1958 (Est.)....
72,1; 00
72,788
-338
183
6,000
271,200
271,316
1959 (Est.)
74,400
73,934
466
-560
6,000
271,200
271,307
38,568
40,389
-2,512
2,434
5,241
-3,592
-1,386
-350
-229
362
-240
37,514
37,306
41,080
37,955
35.623
41.106
37,728
259,149
256,900
252,800
257,130
256,708
259,487
256,981
252,854
257.160
256,731
56,337
70,682
72,997
64,854
66,129
-3,358
-5,842
-9,157
-3,683
-2,771
815
-41
-106
-319
-209
1955
52,979
64,840
63,841
61,171
63,358
1956
70,994
67,216
3,779
4,684
6,195
11,313
5,274
4,950
5,399
-590
1,245
5,914
198
4,082
5,050
11,601
5,387
5,467
6,937
-1,305
-417
4,664
24
-304
July
August
September
3,485
4,954
6,218
5,542
5,902
4,918
-2,057
-948
1,300
October.
November
December
3,184
4,818
5,412
5,995
5,726
5,718
-2,812
-908
-307
4,809
6,188
10,737
6,095
5,743
5.584
-1,286
446
5,153
4,25*
5,282
11,688
5,987
5,944
6,279
-1,731
247
-662
-325
3,057
5,128
7,225
6,347
5,930
5,667
-3,290
6lt,825
679
147
435
328
231
10,740
-11,136
-5,994
-401
-250
-303
284
255,251
259,151
266,123
271,341
274,418
74
107
272,825
270,634
Calendar years:
1946
I9»7
1948
19*9
1950
1.0,861.
1951
1952
1953
1954
-422
199
234
87
-34
376
-18,966
-2,249
-4.100
4,331
-22,502
-405
-423
-447
3,502
3,097
4,208
4,679
4,232
2,711
7,973
7,777
3,582
2,019
62
1,770
-1,488
603
-635
4,295
6,064
4,577
5,180
4,545
259,419
267,391
275,166
278,750
260,769
259,461
267,445
275,244
278,784
280,822
-4,141
-117
4,427
276,628
276,731
-720
60
-3,764
-1,293
1,504
2,316
3,252
4,756
7,072
280,049
280,106
276,345
260,102
260,167
276,404
-556
941
-3,978
-1,360
546
287
5,712
6,259
6,546
275,7&9
276.729
272,751
74
-105
1,111
471
Months:
1956 -January...
February.
March
April
May
June
.
.
.
1957 -January .
February.
March
.
April
May
June
,
July
August
September
October...,
November
.
.
236
-34
275,845
276,791
272,825
26
2,919
-2,369
2,019
107
-1,304
249
4,178
6,197
6,445
272,645
275,565
274,261
79
85
1,022
1,734
-389
-1,741
1,074
-1,350
4.704
5.778
4,427
275,283
277,017
276,628
94
103
275,372
277,111
276,731
-1,162
584
3,824
3,265
3,849
7,673
276,229
276,269
274,999
107
109
109
276,335
276,378
275,108
-991
1,226
-4,707
-2,142
308
-250
5,532
5,840
5,590
274,008
275,234
270,527
103
103
274, Ul
1,942
1,376
567
-1,115
423
2,436
4,475
4,898
7,335
272,469
273,845
274,412
107
109
115
248
-920
116
229
-222
407
-131
163
5,409
-19
-802
96
1,559
162
253
-247
149
6,501
5,806
Source:
Actual figures through the fiscal year 1952 and the calendar
year 1953 are from the daily Treasury statement, and thereafter In
each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see Page II); estimates are from the 1959 Budget document, relpaned
January 13, 1958, including effects of propoeed legislation. More
detailed Information vlth respect to the figures on this page will
be found in succeeding tablss.
1/ Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Bconomlc Cooperation Act of 1948
(62 Stat. 150), are consolidated vlth budget expenditures.
Consists, of transactions of trust and deposit funde, Investment by
3_/
Government agencies In public debt securities, and redemption or sale
of obligations of Government agencies in the market; excess of receipts, or expenditures (-). For detail of content, see page 6.
4/ For checks outstanding and telegraphic reports from Federal Reserve
74
89
107
272,719
275,644
274,346
275,337
270,634
272,575
273 ,954
274,527
r
Banks beginning ir t
1947; publlo debt interest accrued and unpaid
beginning vlth June and the fiscal year 1955 (previously included
from November 1949 as interest checks and coupons outstanding);
also deposits in transit and changes in cash held outside the Treasury and in certain other aooounte beginning vlth the fiscal year 1954.
Net increase, or deoreaee (-).
For current month detail, see section on "Statutory Debt Limitation''
in each issue of the Bulletin. The limitations in effect during the
period covered by this table and the date vhen each became effective
are as follows: April 3, 1945, $300 billion; June 26, 1946, $275
billion; August 28 1954. $28l billion; July 1, 1956. $278 billion;
and July 1, 1957, $275 billion. Guaranteed securities are Included
under the limitation beginning April 3, 1945. Savings bonds are
Included at currant redemption value beginning June 26, 1946, and
at maturity value prior to that time. In the debt outstanding,
savings bonds are carried at current redemption value.
Le.s than $500,000.
..
......
.
t
.
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES.
Table I.- Receipts by Principal Sources
(In millions of dollars)
Income and profits taxes
Corporation
2/
Employment taxes
Total
Income
Hot
withheld
withheld
2/1/
a/
18,189
2k ,218
32,826
33,012
profits
3/
1950
1951
1952
1953
195k
21,523
10, 7k 7
1955
1956
1957
18,265
21,299
21,531
10,396
11,322 2/
12,302
26,728
1958 (1st.)...
20,800
12,600
28,200
1959 (Eat.)...
20,815
12,900
29,k00
63,115
1957 -January.
February.
March
k6l
H5
2,101
871
7,327
785
1,025
3,838
2,083
3,587
5,153
10,195
April
May
June
520
502
6,722
2,827
897
1,818
819
3,690
2,252
July
August . .
September
5*1
355
2,30k
269
l,0li7
128
1,823
3,678
2,163
k,l66
5.089
10,793
1,857
k,l6l
6,290
October.
November
1958 to date.
k29
367
3,997
2,521
20k
97.
For old-age
and disability Insurance
For railroad retirement
y
For unemployment
Insurance
6/
SxcIb
taxes
2/
Total
employment jj
Estate
and gift
taxes 2/
10,073
13,535
18,521
21,351
21,635
28,263
37,753
51,3k7
5k, 363
53,906
2,106
3,120
3,569
k,086
k,537
550
578
735
620
603
226
23k
259
277
285
3,931
k,562
k,983
5,k25
21,25k
k9,915
56,633
60,560
5,3k0
6,337 2/
6,63k
600
63k
616
280
325
330
6,220
7,296
7,581
9,211
10,00k
10,638 10/
620
8,725
11,192
1,500
625
8,963
11,633
1,585
255
807
632
21
316
1,160
692
856
87k
931
131
617
1,229
536
15
633
1,31k
589
812
965
2k, 012 2/
3k6
919
k86
1.966
3,880
332
3,>>15
11,636
IB, 15k
2,753
1,333
83
50
u
8,303
9,k23
9,726
10,825
9k5
875
955
965
366
1,003
5k0
9 8/
936
1,171
1,378
19k
161
102
126
129
922
1,088
8ko
k.771
363
7k0
3.013
69
256
Taxes not
otherwise
classified
Deduct! one from budtu-
Mlacellaneous
receipts
1/
Total
budget
receipts
Tranefers of tax
FOASI
Trust
Fund
Federal Disability Insurance
Trust Fund
12/
elpts to
a/
Refunds of receipts 15/
-
Railroad
Retirement
Account
Highway
Trust
Fund
ik/
551
613
562
l,k39
1,639
l,8lk
1,865
2,311 8/
•1,311
53,369
67,999
72,6*9
73,173
2,106
3,120
3,569
k,086
k,537
550
575
738
620
603
2,135
2,082
2,275
3.095
3,3k5
2,160
2,107
2,302
3,118
3,377
1955.
1956.
1957-
606
705
75k
2,559
3,006
69,k5k
78,820
83,675
5,Oko2/
6,337
6,301
599
63k
616
3.400
2,7k9
3.89k
3,k26
3,68k
3.917
1958 (Est.)...
785
3,325
87,132
6,900
620
2,120
k,206
k,229
1959 (Est.)...
800
3,521
89,622
7,100
625
2,l6k
k,k22
k,kk^
333
157
5,279
7,k86
12,lk5
255
755
21
6,lk2
7,759
12,819
586
1,111
1,128
1,055
kOk
1,130
1,057
k06
1950.
19511952.
1953195k.
1957 -January..
February.
March
129
April.
270
May
Ik 7
.
.
k32
k70
358
150
193
3,73k
6,k75
8,109
308
815
k31
October.
November
206
226
3,796
5,8k5
298
598
1,132
27,960
2,k50
.
3k3
1958 to date
Source: Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting baaes
see page 11); estimates are from the 1959 Budget document, released
January 13 1958, Including effects of proposed legislation.
1/ For further detail, see tables under "Internal Bevenue Collections."
2/ Breakdown was not made In the dally Treasury statement and the
monthly statement for years prior to 195k
i/ Beginning January 1951, the distribution of receipts between individual Income taxes and old-age and disability Insurance taxes Is
made In accordance with provisions of Sec. 201 of the Social
Security Act, as amended (k2 U.S.C. kOl), for transfer to the
Federal Old -Age and Survivors Insurance Trust Fund (see footnote 11),
and after December 1956 also for trsnsfer to the Federal Disability
,
83
50
566
July
August ....
September
.
3653
17k
219
207
123
135
183
118
69
256
587
595
Insurance Trust Fund (see footnote 12).
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125). and, beginning with the
taxable year 1951, tax on self-employed Individuals under the SelfEmployment Contributions Act, as amended (26 D.S.C. Ik01-lk03). The
Social Security Act Amendments of 1956, approved August 1, 1956, Increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to provide for disability Insurance (see footnote 12).
Taxes on carriers and their employees under the Railroad Retirement
5_/
Tax act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of k or more under the Federal unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was Imposed on employers of 8 or more.
Remaining footnotes on page 5.
k/
..
..
.
.
January 1958
.BUDGET RECEIPTS AND EXPENDITURES.
Table 2.- Expenditures by Agencies
(In
unions
Executive
Office
of the
President
of dollars)
Funds
appropriated
to the
President
6.905
6,473 i/
6,982 2/
7,707
523
570
-23
72,788 1/
4,154
8,444
447
207
5,327
652
4,170
321
286
8,272
712 1/
613
614
413
455
-40
4,981
469
323
406
803
475
317
532
45
61
U7
681
1.9
233
415
58
406
1,107
806
973
38
lltO
3>>
-162
-1U8
628
688
656
41
July
August .
September
6,31*7
uoo
587
667
573
1*3
October..
November
6,501
5,806
272
311
385
A3
100
-26
38
73
8/
327
301
30,251 2/
Undistributed
foreign
transactions
Health,
Education,
813
605
548
573
639
38,861
39,779
662
3,358
3,228
3,239
49
35
38
Interior
De part-
Justice
De part-
Welfare
Department
701
36
U9
47
58
63
269
1,611
T)efenee Department
(
5621/4/
5,006
-43
33
I.O63
1,000
1,07
1,293
3,217
2,915
4,636
5,177
-615
129 2/
39
5^
290
445
599
5,987
5,944
.
Post
Labor
Office
Depart- Department
ment
2. 3*9
Treasury Department
State
Department
public
debt 10/
271
Columbia
U/
6.504
6,382
6,370
6,787
7,244
1.920
1,981
1,993
2,071
2,295
587
535
515
,
512 4/
572
216
214
300
355
394
412
418
2,745
2,854
647
223
463
686
228
7,800
780
663
228
452
-16
228
7,800
729
651
585
601
45
171
183
182
356
463
518
156
136
220
212
183
April
"ay
June
3A75
52
3,420
3,344
49
July
August.. ..
September
3,200
3,532
3,036
61
60
65
257
249
October.
November.
3,216
3,063
80
62
242
203
79
57
65
49
16,047
328
1,133
299
59
43
604
604
641
49
659
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, aee
page II); estimates are from the 1959 Budget document, released
January 13, 1958, including effects of proposed legislation.
Note: Figures in this table are for agenclee as constituted at the time
the expenditures were made, and therefore do net necessarily represent
functions which are comparable over a period of time
For expenditures
by functions on a consistent basis, see Table 3.
1/ Expenditures for Reconstruction Finance Corporation are included under
"Independent offices" through 1954, and under "Treasury Department,
Other" thereafter, except functiona transferred to Export-Import
Bank, Federal National Mortgage Association, and Small Business
Administration.
2/ Expenditures for Federal Home Loan Bank Board are Included under
"Housing and Home Finance Agency" through 1955, and under "Independent
offices" thereafter.
Beginning with 1957, Federal aid for highways is excluded from budget
expenditures and included in trust account expend lturee (see Table 1,
footnote 14 )
4/ Expenditures for Alaska road construction sre Included under Interior
Depsrtment through 1956 and under Commerce Department beginning 1957.
5/ Totol Includes allowance for contingenclee amounting to $200 million.
6/ Total lacludea allowance for proposed legislation and contingencies
amounting to $1,139 million.
93
2/
.
y
6,TO
6,279
.
Commerce
Department
5,782
5,282
4,38l
4,473
4,115
6,095 1/
5,7*3
5,584
43,611
"to, 336
35,532
35,791
38,439
Housing
and Home
Finance
Agency
74,274
67,772
64,570
66,540
69,433 1/
73 ,934 6/
April
Hay
June
General
Services
Administration
8/
9_/
10/
11/
12/
»
196
89 12/
628
630
31
36
641
636
22 o
_22_
3,194
798
873
368 1/
879
748
74
127
55 8/
61
53
69
58
34
297
_£3_
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027). Thereafter until January 1959 operations of the banks (as mixed -ownership
corporations) are clasalfied as trust enterprise funds end sre
Included net in trust account expenditures; previously the operations
of the banks and ths corporations, respectively, were cleeslfled
as public enterprise funds and were Included net In budget expenditure
Adjustments for this change In classification sre lncorporsted in
the January figures. Beginning January 1959 they will be classified
as government-sponsored enterprises.
Effective July 1, 1957, certeln sctlvitiee of the Federal Facilities
Corporation were transferred to General Services Administration
from the Treasury Department, pursuant to Executive Order 10720,
dated July 11, 1957.
Totals Include unclassified expenditure transfers until theGe heve
been distributed in final figures.
Effective June 30, 1955, Interest on the public debt is reported on
an accrual basis.
Consists of Federal payment and loans and advances.
Includes sdjustment of receipts of spproxlmately $33 million
applicable to the prior accounting period.
Less than $50C,000.
.
Treasury Bulletin
.BUDGET BECEIFTS AND EXPENDITURES
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(In millions of dollar,,)
Function
January 1958
BUDGET RECEIPTS AND EXPENDITURES
Table 3.
Expenditures by Functions, Fiscal Years 1953 to Date
(In Billions of dollars)
Function
-
(Continued)
-
Treasury Bulletin
.TRUST ACCOUNT AND OTHER TRANSACTIONS
Table
1.
Summary of Trust Account and Other Transactions
(In millions of dollars)
...
..
January 195'8
-THUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 3,- Trust and Deposit Fund Account Expenditures
(in millions of dollars; negative figures are
3,
Federal Old -Age
and Survivors
Insurance Trust
Fund
6 14
1,01,9
996
321
1,71.5
623
H-7
8,1.89
1,965
1,393
538
34
12,71.3
4,487
5,551
6,723
15,235
8,112
*7
9,435 5/
12,959
1958 (Est.)...
15,196
9,197
3/
16,321
1,067
1,05".
538
51.8
1,010
363
1,61.1.
187
717
1.678
556
244
751.
1.768
562
56
187
177
177
1.3
1>5
1,326
588
1,U91
1,344
1,273
1,367
1,230
165
1.9
1>*9
1.8
1,21.5
664
661
653
130
1.0
July
Auguat
September
1,220
1,075
1,086
1,116
1,192
1,107
6U3
137
.
620
6US
October.
November
1,387
96U
1,171"
.
1,191
656
6U9
136
11.5
lill
87
86
1,31.2
April
May
June
Government
employees'
retirement
funds
268
271
300
3,1.05
1955
195«
1957
1,112
1,095
2,026
900
Life
Insurance
Fund
1,569
2,067
2,750
4,952
5,169
6,769
.
Service Life
4,139
5,298
5,698
7,327
6,851.
1957-January
February
March
i/
Government
Unemploy-
Trust
Fund
301,
6,950 37
1959 (Est.)...
Railroad
Retiremen
Account
784
1950
1951
1952
1953
1954
8,5".5
Trust Fund
of credits)
and trust enterprise funds (net)
1.6
712
H ighwey
Trust
Fund
2/
Treasury Bulletin
.
TRUST ACCOUNT AND OTHER TRANSACTIONS
Table 4.- Net Investment by Government Agencies in Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
..
,
January 1958
TRUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(In millions of dollars; negative figures indicate net sales)
Securities guaranteed by the United States
Public enterprise funds
Commodity
Credit
Corporation
-602 1/
-173
-1,085
-680
-203 2/
April
May
July
August .
September
.
October.
November
.
Federal
Farm
Mortgage
Corporatlo
Federal
Bousing
Administratio
Home
Owners'
Corporatlo
Treasury Bulletin
.CASH INCOME AND OUTGO.
appearing In the
The caeh Income and outgo data
"Treasury Bulletin, " beginning with
Issue, are on a baele consistent with
payments to the public as derived In
the February 195°
receipts from and
the 1957 and sub-
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
sequent Budgets of the United States, Special Analysis A.
enterprises
Reconciliation to caeh deposits and withdrawals in the
It excludes changes in the public debt which do not rep-
account of the Treasurer of the United States le shown on
resent direct cash borrowing from the public. The net
effect of all these transactions with the public is
reflected in changes in the balance in the Treasurer's
account and in cash held outside the Treasury.
the same basis as in the Budget documents.
There is alBO
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By the6e arrangements,
data In
through
sales of their own securities.
accordance with the Budget classifications are made avail-
Figures for back years have been
Cash transactions through the Treasurer's account are
revised where necessary in order to make them as nearly
similar In general concept to those included In the Budget
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ somewhat from those published in earlier Budget
affect the balance In that account.
able month by month.
series,
but are limited In coverage to transactions which
On the other hand,
they Include receipts from the exercise of monetary
authority, which are excluded from receipts from the public
documents as well as in the Bulletin.
in the Budget series.
The Budget series of cash transactions Is designed
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
Beginning with figures for the fiscal year 1953, * ne
series of transactions with the public Is based on the
includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments include transactions both
United States Government," which Is compiled from reports
in budget accounts and In trust and deposit fund accounts.
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account.
Operations of Government-sponsored enterprises are Included
Cash deposits and withdrawals in the Treasurer's
in payments on a net basis as reflected in Treasury reports.
account.
Major intragovernmental transactions which are reported as
both expenditures and receipts are eliminated from both.
reported In dally Treasury statements.
Noncash items which represent accrued obligations of the
Government to make payments in the future are also eliminated
from expenditures but are added later when actual payments
are made.
Receipts from the exercise of monetary authority
(mostly seigniorage on silver)
are
excluded
as
not
account, beginning with the figures for the same year, are
For those years
prior to 1953 ooth cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
statements which reported separate classifications for
trust account transactions, etc.
budget results,
.
..
)
...
)
)
,
,
January 1958
.CASH INCOME AND OUTGO.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Federal receipts from
the public
Federal payments to the
public
payments
(
-2,207
7,593
1950.
1951.
1952.
1953.
195k.
"»0,9".0
li3,lU7
53,390
68,013
"•5,797
67,96".
71,"»99
-5 ,27">
71,627
76,773
71,860
1955.
1956.
1957.
67,836
77,088
82,106
70,538
72,617
80,007
-2,702
1956 (Est.)...
85,113
8"., 938
1959 (EBt.)...
87,286
86,662
1957-January
February.
March. .
.
.
April.
Hay...
June
.
July
August
S.pteaber
October.
November.
.
"•9
-232
-5,796
-505
2,919
2,512
175
62U
-679
-7U7
5,2Mt
7,280
12,322
7,220
6,923
7.H31
-1,976
358
3,801
6,786
8,066
3,896
6,075
7,160
7,185
-3 ,359
U76
5,073
h,&91
-399
1,311
-3,605
-lWt
Equals:
Change In cash balances
Treasurer's account
balancs , Increase
or decrease ( -
,
-2 ,299
2,096
257
-312
196
-U35
37
-1,1U2
-1,162
58U
-170
-67
-5,100
-2,l"l2
2,373
776
1,01k
500
665
-1,115
U23
3,821.
308
-250
2A36
-3,028
558
5,328
28,6214
Actual figures through 1952 are based on the dally Treasury
Source:
statement and thereafter they are based In part also on the monthly
statement of receipts and expenditures of the Government (for ex-
estimates are baaed
ee page II);
planation of reporting bases,
the 1959 Budget document, role sed January 13, 1958, Including
effects of proposed leglelatlc
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Fiscal year
or month
Cash held outside
Treasury Increase
or decrease ( -)
"»,229
2,099
"•,"•71
6,096
7,088
6,630
7,501
6,219
-
1,809
-It, 366
-3,100
5,3">9
7,56".
11,70"»
6,75"'
Plus
Be celpts from
exerolse of
monetary
authority
:
Net cash
borrowing from
the public, or
repayment ( Plus:
Treasury Bulletin
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
January 1958
13
CASH INCOME AND OUTGO
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars
.
.
11
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); In millions of dollars)
Change in public debt and agency obligations held by the public
Public debt
Increase or
decrease (-)
Plus:
Net eale of obligations
of Government enterprises in
the market
Net investment in Federal
securities by Government agencies
Less:
,
Public and
trust enterprise funds
1950
1951
1952
1953
195 *
Governmentsponsored
enterprises
3,369
3,355
3,068
1,686 1/
3,883
6,966
5,189
1955
1956
1957
3,115
316
U50
673
1959 (Est.)....
1957-January.
February.
March.. ..
67
-1,271
April
May
June
-991
1,226
-U,707
July
August...
,
September.
October.
November .
.
Governmentsponsored
enterprises
-187
,
1,870
-5,308
175
3,61.0
1.1.6
1,236
2,516 2/
2,262
-1,623
-2,221.
1958 (Est.)...
funds
-402
<i,587
-a, 135
1
Public
enterprls
Equals:
increase In
securities
held by the
public or
decrease (-)
1/
3,130
2,454
-3,71*3
-3,392
l,51i6
907
116
-286
156
2U7
-66
227
-1,268
153
-415
1,263
147
688
-345
190
-5,223
253
1,942
1,376
567
-319
685
-298
2,373
816
-3lt5
-35
467
652
679
9l>5
-
•
January 1958
15
.
CASH INCOME AND OUTGO
.
Footnotes to Table 3
1/
2_/
3/
For further detail, see "Budget Receipts and Expenditures, " Table 1.
For further detail, see "Trust Account and Other Transactions," Table 2.
Treated as noncash refund deductions from receipts when issued and
as cash refund deductions when redeemed.
y
Consists of seigniorage on silver and Increment resulting from reduction in the weight of the gold dollar; excluded from receipts from
the public but included in cash deposits in the Treasurer's account.
Less than $500, OCX).
Footnotes to Table 4
l/
2/
\j
expenditures for operations are shown In this table in terms of the
combined net of disinvestment In Federal securities end sale of agency
obligations in the market, and net receipts from operations are shown
in terms of the combined net of investment in Federal securities and
redemption of agency obligations in the market.
Not reported prior to 195 *.
Consists of only those market transactions not cleared through the
Treasurer's account.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value).
For further detail, see "Budget Receipts and Expenditures," Table 2.
For further detail, see "Trust Account and Other Transactions," Tables 3,
U, and 5.
Includes net change in balances in Government-sponsored
enterprise deposit fund accounts with the Treasurer of the United States.
Net operating expenditures, or receipts (-), as measured by funds provided
by or applied to net security transactions reflected in Treasury reports
(see Table 7). To a large extent, these Government-sponsored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal securities which they hold, and they apply the
net income received from operations to repayment of borrowing from the
public or to investment in Federal securities. On that basis, net
1
Footnotes to Table 5
Beginning
by trust funds and Government-sponsored enterprises.
with fiscal year 195B excludes deductions from salariea of District
of Columbia employees (see footnote 6).
Consists of payments to employees' retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans' life Insurance funde,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, end
District of Columbia; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Services retirement fund for its share of contributions, and beginning with 1958
also deductions from Its peyroll; payment by Railroad Retirement Board
to Federal Old-Age and Survivors Insurance Trust Fund; trenafero
from Civil Service retirement fund to Foreign Service retirement fund
except 1958 actual expenditures; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund through
Federal intermediate credit bank franchise tax through December 1956
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for administrative expenses, and also for refunds of taxes (treated aa an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement
by Highway Trust Fund for refunds of taxes; reimbursement by the
District of Columbia; payment of dividends, intereet, etc., by
Federal National Mortgage Association's secondary market operations;
and Federal intermediate credit bank franchlee tax and repayment of
capital stock to the Treasury after December 1956 and before
January 1959Consists of payment of earnings and repayment of capitsl stock to
the Treasury through 1952; amd payment of framchlee tax by basks
for cooperatives beginning 1955, and by Federal intermediate
credit banks beginning January 1959Includes relatively email amounts of deductions from salaries paid
1955.
Less than $500,000.
Footnotes to Table 6
l/
2/
Accrued discount on savings bonds and bills less Interest paid on
savings bonds and bills redeemed.
Public debt Interest due and accrued beginning June 30, 1955, effective
date of the change In accounting and reporting from a due and payable
baeie to an accrual basis; for 195 1*, consists only of public debt
Interest checks and coupons outstanding; net Increase, or decrease
Not reported as a separate clearing account prior to 195 u
(-).
Treated as noncash expenditures at the time of issuance of the
securities and as cash expenditures at the time of their redemption;
net issuance, or redemption (-).
Issued In 1936 In exchange for adjusted service certificates held by
veterans of World War 1. The bonds matured In 19^5.
Issued In I9U7 in payment for accumulated leave. The last of these
bonds matured in 1951
-
37
1*7
5_/
6/
7_/
8/
Part of the United States subscription to the capital of the International Bank for Reconstruction and Development and to the International Monetary Fund was paid In the form of noninterest-bearing
nonnegotiable notes payable on demand (see 19^7 Annual Report of
the Secretary of the Treasury, pages U8, 350, and 385). The last
of the notes Issued to the Bank was redeemed In 1950.
By wholly owned Government enterprises; beginning 1951, such net
Investments are reported separately and are not Included In expenditures (see "Truat Account and Other Transactions," Table U).
Checks outstanding less deposits in transit, and changes In other
accounts; net increase, or decrease (-). Prior to 195 * Includes
also public debt interest due and unpaid (see footnote 2).
Less than $500,000.
1
*
Footnotes to Table 7
In this table, beginning 195 * In accordance with treatment In Budget
documents, net investment In United States securities by Government
sponsored enterprises Includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table
under "Trust Account and Other Transactions," these amounts are included In trust and deposit fund account Investment.
Does not include Investments representing acquired securities amounting
to $1,6^3,070 (par value) and donation of securities amounting to
$1*5,800 (par value).
Accrued discount on savings bonds and bllle, which is Included in the
1
,
kj
**
principal of the public debt, less Interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of issuance and as ceeh
transactions at the time of redemption; net issuance, or redemption
(-).
5^/
6/
jj
Excluded from borrowing because the transactions are treated as expenditures In Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts In Table 3.
Market transactions In public debt securities and agency obligations.
Less than $500,000.
Treasury Bulletin
16
.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
As the balances In these accounts become debranches.
pleted, they are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform proceduro
account to the tax and loan account In the 6ame bank. On
to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
occasions,
customers.
The tax and loan account system permits the Treasury
to leave funds In banks and In the communities In which
they arise until such time as the Treasury needs the funds
for Its operations.
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities. In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, Pages 2J^-2£k,
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
..
January 1958
17
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
During period
Proceeds from sales of securities \J
Withdrawals
=
1950
1951
1952
1953
1954
3,755
3,390
2,226
2,667
3,457
1955
1956
1957
4,424
3,810
2,976
5,831.
3,>»37
,679
2,li51
2,231
2,333
5,21.3
It
6,861
5.977
6,035
5,043
287
5,041
4,304
8,167
786
6,568
1957 -January.
February.
March
.
227
240
214
April
May
June
1,485
July
August
September
October.
November
2,922
1,693
1.334
1,030
.
.
figures are on basis of
Source: Office of Fiscal Assistant Secretary
telegraphic reports.
l/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of United States Government
obligations purchased by them for their own account, or for the
account of their customers who enter subscriptions through them,
when this method of payment Is permitted under the terms of the
circulars inviting subscriptions to the Issues.
2/ Taxes eligible for credit consist of thoBe deposited by tsxpayers
Withheld income tax beginning
in the deposltsry banks, as follows:
;
lse 2/
7,287
10,331
13,579
15,859
19,898
Income (by
special
arrangement) a/
6,971
13 ,270
10,227
4,791
Bid of
period
16,877
24,128
36,493
41,267
41,644
15 ,380
21,716
37,066
39,879
3,268
5,680
5,106
3,071
4,836
3,741
6,293
5,409
8,776
7,493
830
1,431
1,425
950
1,649
2,609
3,208
3,255
4,212
3,870
42,545
38,871
46,000
4,365
4,633
7,299
5,486
6,078
1,910
1,101
4,152
42,074
39.140
45,448
1,171
3,014
2,757
1,847
1,475
3,247
8,092
3,238
2,381
4,208
1,161
2,027
5,912
2,872
2,027
6,078
856
813
1,038
1,439
1,259
2,500
1,192
23
3,015
2,906
1,442
4.740
5,207
3,838
3,938
5,443
3,516
4,318
4,082
5,596
4,509
5,027
3,253
2,240
2,050
3,841
3,359
3,308
1,247
3,002
2,862
4,552
4,910
5,751
5,801
4,411
3,265
2,833
3,331
5,818
6,294
3,920
2,833
1,078
1,353
4,306
2,331
2,834
20,538
23,897
26,709
2,967
4,611
6,004
3,037
813
2,286
1,638
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, end under the
Railroad Retirement Tbx Act beginning July 1951; and a number
of excise taxes beginning July 1953.
Under a epecisl procedure begun in March 1951, authorization may
be given for Income tax payments, or a portion of them, made by
checks of $10,000 or more drawn on a special depositary bank to
be credited to the tax and loan sccount In that bank. This
procedure is followed during some of the quarterly periods of
heavy tax payments.
7
. .
..
IS
Treasury Bulletin
.DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
Total outstanding
Bid of
fiscal
year or
month
Total 1/
1950.
1951.
1952.
1953.
257,377
255,251
259,151
266,123
195k.
1955.
1956.
1957.
271, 3*1
27*,*l8
272,825
270,63k
1956-December.
276,731
1957-January
February.
March
276,335
276,378
275,108
April
May
Judo
270,6311
.
27^, 111
275,337
July
August . . .
September
272,575
273,95*
October. .
November.
27*, 170
27*, 52
274,850
257,357
255,222
259,105
266,071
...
.
January 195H
19
.DEBT OUTSTANDING .
Table 3.
Special Issues to United States Government Investment Accounts
(In Billions of doUtrj]
Federal
Depoelt
Insurance
Corporation
Federal
Dl lability
Inauranoe
Truat
Fund
Federal
Federal
Old -Age
8arlngs
employees' GoTernmeni
and Loan retireLife
Inauranoe ment
Inauranoe
Corpora
funda
Fund
tlon
and
SurrlYore
Inauranoe
Irust Fund
808
868
888
8k6
10,kl8
12,096
lk,0k7
15,532
17,05*
835
673
718
18,239
19,*67
19,*63
1950
1951
1952
1953
195*
32,356
3k, 653
37,739
•0,538
1955
1956
1957
•3,250
•5,11*
*6,827
1956-DeoeHber.
*5,639
1957 -January..
February.
*5,331
»5>70
7*1
720
Maroh
*5,603
702
April
"ay
June
*5,151
*6,137
*6,827
706
706
718
July
•6,323
August
September
"•6,709
*6,221
71B
670
650
October.
November.
k6,068
k5.986
6k6
637
li2,229
251
325
36O
Mi 7
k6l
Goremment
1
79
Poetal
Seringa
Sjeten
1/
2,863
3,128
3,3*5
6,616
7,266
7,7k5
8,287
8,02k
3,*86
3,600
3,*75
7,k79
7,737
7,996
5,**5
3,510
8,096
3,*69
3,*92
3,k79
7,936
7,9*1
7,807
3,817
*,391
5,01k
5,602
5,85*
1,292
1.3O0
1,300
1,299
1,23*
5,3*2
5,*36
5,191
5,2*9
5,272
1,802
706
552
*52
213
6,168
6,667
7,39*
1,233
1,217
1,200
5,3*6
5,*8l
5,570
91
2,058
2,1.11
19,22*
95
7,215
1,191
18,980
19,067
19,189
98
100
9*
7,22*
7,228
7,217
1,189
l,lBk
1,178
207
5,**3
5,*38
5,*31
18,798
19,k06
19,*63
96
7,216
7,175
7,39*
1,173
1,165
1,200
309
358
kOk
5,*22
5,*l6
5,570
3,*20
3,39*
3,*75
7,693
7,990
7,996
19,108
19,255
18,902
7,322
7,280
7,288
1,186
1,182
1,177
k07
k56
510
5,566
5,562
5,552
3,*06
3,362
3,307
7,980
8,23*
8,127
18,780
18.599
7,318
7,295
1,173
1,169
581
3,2*0
3,2"5
8,031
8,135
Source: Dally Treasury statement.
Includes Canal Zone Postal Sarings Syatea.
i/
Consists of: Farm Tenant Mortgage Inauranoe Fund {through Maroh 1956),
65
112
Adjusted Serrlce Certificate Fund (through December 1956),
Tarlous housing Inauranoe funda, and Veterans' Special
Term Inauranoe Fund.
2/
Table 4.
atlonal
Highway Serrloe
Life
Inauranoe
Fund
Fund
tnut
Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Total Interest-bearing securities
Ind of
fiscal year
or month
Computed annual Interest rate
Computed annual
Interest oharge
Public debt
and guaranteed securities 1/
Public debt
Total
Public debt
and guaran-
Interestbearing
securi-
teed securities J/
ties
Marketable Issues
Total
public
debt
Total
2/
2.200
2.270
2.329
2.k38
2.3k2
1.958
1.981
2.051
2.207
2.0k3
I.187
1.569
1.711
2.25k
arketable
lasue»
3/
y
1.3*k
1.399
I.560
1.75k
I.838
2.322
2.327
2.317
2.3k2
2.kk0
2.569
2.623
2.659
2.720
2.751
2.589
2.606
2.675
2.7*6
2.671
2.625
3.3k5
1.8k6
2.075
2.50*
2.*80
2.k85
2.k82
2.789
2.82k
2.853
2.585
2.705
2.635
3.0k6
2.928
2-337
2. we
3.179
3.259
3.261
2.928
3.222
3-320
2.336
2.359
2.380
2.k82
2.k82
2.k82
2.838
2.8k0
2.8kl
2.703
2.703
2.702
2.681
2.718
2.707
3.2kl
3.173
3.197
3.320
3.339
3-3k5
2.379
2.506
2.50*
2.k62
2.k82
2.k82
2.8k6
2.8k8
2.853
2.70k
2.699
2.635
2.725
2.922
2.951
2.97k
2.975
3.259
3.kk0
3.5k0
3.3*5
3.650
3.659
2.501
2.705
2.828
2.k82
2.k82
2.k82
2.856
2.859
2.861
2.635
2.637
3.661
3.639
3.663
3.663
2.822
2.870
2.*9k
2.k9k
2.865
I.163
1.875
1.875
1952
1953
195*
255,226
252,879
256,907
263,997
268,990
255,209
252,852
256,863
263, 9k6
268,910
5,613
5,7kO
5,982
6,*32
6,300
6,*31
6,298
2.200
2.270
2.329
2.k38
2.3k2
•8k3
2.319
1.928
1955
1956
1957
271,785
269,956
268,592
271,7*1
269,883
268, k86
6,388
6,952
7,328
6,387
6,950
7,325
2-351
2.576
2.730
2.351
2.576
2.730
2.079
2.k27
2.707
1.539
2.65k
3.197
1956 -December.
27*, 322
27k, 219
7,321
7,318
2.671
2.671
2.591
1957 -January..
February.
Maroh....
273,80k
27k, 027
272,881
273,698
7,3*0
7,**5
7,*33
7,338
7,**2
7,*30
2.683
2.719
2.726
2.683
2.719
2.726
2.612
2-673
2.68k
272,168
273,176
268,592
272,066
273,07k
268,k86
7,*11
7,*96
7,328
7,*08
7,*9*
7,325
2.725
2.7k6
2.730
2.725
2.7k6
2.730
270,700
272,126
272,802
270,595
272,018
272,688
7,*1*
7,766
7,838
7,*11
August. . .
September.
October.
NoTember
272,508
273,235
2T2,k06
273,132
7,869
7.896
7,866
7,89k
2.7kl
2.857
2.876
2.891
2.893
2.7*2
2.857
2.877
2.891
2.893
1950
1951
April
May
June
July
.
.
.
5,613
5,7*0
5,981
7,763
7,835
Source: Dally Treasury statement.
Hotel The oomputed annual Interest oharge represents the amount of
Interest that would be paid If each Interest-bearing Issue outstanding at the end of each month or year should remain outstanding for a
year at the applloabls annual rate of Interest. The charge la oomputed for each issue by applying the appropriate ftiamal Interest
rate to tho amount outatandlng on that date. The aggregate oharge
for all interest-bearing Issues constitutes the total oomputed
annual Interest charge . The arerage annual Interest rate le computed
Hon-
Bills
1.173
2.703
2.636
2-637
2.638
by dlTldlng the oomputed annual Interest charge far the total, or for
any group of lsauss, by the corresponding principal amount.
1/ Kxeludes guaranteed securities held by the Treasury.
2/ Total Includes "Other bonds''; see Table 2.
outstanding at face amount, but discount Talus Is
~>J Included In debt
used In computing """11*1 interest oharge and annual Interest rate
kj The annual Interest oharge and annual Interest rate on united States
seringa bonds mra oomputed on the basis of the rate to maturity appllee
against the amount outstanding.
Treasury Bulletin
20
.DEHT OUTSTANDING.
Table 5.
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
i/
January 1958
21
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, ae amended
(31 U.3.C.
757 b), provides that the face amount of obligations Issued
under authority of that act, and the face amount of
obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the
ginning on August 2S, 195 *. and ending on June 30, 195&.
by acts approved August 28, 195^, and June 30, 1955; and
by 83 billion beginning on July 1, 1956, and ending on
June 30, 1957, by an act approved July 9, 195&. Obligations
aggregate $275 billion outstanding at any one time,
1
Issued on a discount basis, and subject to redemption prior
to maturity at the option of the owner, are Included In the
statutory debt limitation at current redemption values,
except that this amount was Increased by $6 billion be-
Table 1.- Status under Limitation, November 30, 1957
(In mllllonB of dollars)
Maximum amount of securities which may be outstanding at any one time, under limitation Imposed by the act
of June 26, 19I16 (31 U.S. C. 757 b)
275,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities Issued under the Second Liberty Bond Act, ae amended
Guaranteed securities (excluding those held by the Treasury)
Total amount of securities outstanding subject to statutory debt limitation
Balance Issuable under limitation
Source:
274, 308
1®*
27U,1.11
589
Dally Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding November 30, 1957
(In millions of dollars)
Class of security
22
January I95fi
23
.DEBT OPERATIONS.
Table I.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding November 30, 1957 - (Continued)
(In millions of dollars)
Amount of maturities
Description of security \J
Fixed
maturity
issues
Callable issues
classified by
year of:
Amount of maturities
Year
Description of security 1/
month
Final
maturity
Fixed
maturity
issues
Callable issues
classified by
year of:
Final
maturity
1970
2-1/2* Bond
6/15/6U-69
3,7li8
2-1/2* Bond
12/l5/61i-69
3,823
Mar.
2-1/2* Bond
3/15/65-70
1971
Mar...
2-1/2* Bond
3/15/66-71
1972
June.
k,707
Total
2-1/2* Bond
2-3/lt* Bond i/-
3/15/65-70
12/15/60-65
1.U85
Total
1,>>85
2-1/2* Bond
6/15/67-72
Sept..
2-1/2* Bond
9/15/67-72
Dec...
2-1/2* Bond
12/15/67-72
Total
2-1/2* Bond
3/15/66-71
2-1/2* Bond
2-1/2* Bond
6/15/67-72
1,856
2-1/2* Bond
9/15/67-72
2,716
2-1/2* Bond
12/15/67-72
6/15/&-67
Total
12/15/63-68
2-1/2* Bond
6/15/6U-69
Bond
2-1/2* Bond
Total
3,761
8,333
2-1/2* Bond
It*
2,111*
3,7<t8
IO/1/69
12/15M-69
3,823
7,570
Source:
Dally Treasury statement amd Bureau of the Public Debt.
1/ It should be noted that callable Issues appear twice in this column,
once In the year of first call and again In the year of final maturity.
Callable Issues with respect to which a definite notice of
call has been made, however, are listed as fixed maturities. For
date of Issue of each security, see "Market Quotations".
2/ Not called for redemption on September 15, 1957. Will mature on
March 15, 1958.
1,856
5
.
24
Treasury Bulletin
.
DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Dollar amounts In millions)
Description of new Issue
Number of
days to
maturity
Amount
maturing or
issue date
Total unma-
On noncompeti-
tured issues
outstanding
after new
tive basis 1/
iBsuee
Amount of bids accepted
Amount of
bids
tendered
Regular weekly bille:
1957-Oct.
Hot.
Mot.
Hot.
»ov.
31
2,414.8
7
14
2,
2,595.6
2,353.2
2,469.5
1,699.9
1,700.2
1,699.9
1,799.7
1,800.7
1,339.2
1,335.1
1,311.1
1,457.9
1,475.4
360.7
365.1
388.8
341.9
325.3
37.6
31.1
28.U
117.7
110.2
1,702.0
1,699. "•
1,700.0
1,800.0
1,800.5
21,901.3
21,902.1
21,902.0
21,901.7
21,901.8
2,423.3
2,625.0
2,384.2
2,510.7
1,801.0
1,802.2
1,600. It
1,601.6
1,1183.8
1,373.4
1,177.9
1.172.1
317.2
428.8
422.5
429.5
96.0
38.9
1,799.6
1,799.9
1,600.3
1,601.6
21,903.2
21,905.6
21,905.7
21,905.7
1,599.7
1,600.3
1,600.3
1,600.7
1,699.2
1,599.2
1,599.7
1,600.6
1,600.5
1,699.9
21,906.1
21,906.7
1,211.0
1,326.6
354.2
393.9
412.3
389.7
372.6
121.0
34.9
41.9
Jan. 23
Jan. 30
2,289.5
2,200.9
2,453.5
2,352.5
2,502.2
Boy. 7
Mor 1U
Not. 21
Hov. 29
Feb. 6
Feb. 13
Feb. 20
Feb. 27
2,475.5
2,646.6
2,688.1
2,430.3
1,700. k
1,700.1
1,800. it
1,800.6
1,336.7
Doc
5
Dec. 12 p
Dec. 19 p
Dec. 26 p
Mar.
6
Mar. 13
Mar. 20
Mar. 27
2,655.1
2,811.6
2,347-5
Mar. 24
4,547.
1957-Aug. 1
Aug. 8
Aug. 15
Aug. 22
Aug. 29
Sept. 5
Sept. 12
Sept. 19
Sept .26
Oct. 3
Oct. 10
Oct. 17
Oct. Sit
Oct. 31
.
.
Tax anticipation Mile:
1957-July 3
Other MIIb:
1957-Aug. 21
21
29
Dec. 5
Dec. 12
1958-Jan.
Jan.
2
9
2,
5lt5.lt
it
16.0
3.178.11
1,245.5
1,206. k
1,188.1
1*2.7
35.3
3>t.2
63.5
21. 906. k
21,906.7
21,906.0
21,906.2
363-7
1*9.9
1,3<>0.0
36O. 1
1,427.4
1,473.8
373.0
326.8
30.9
29.8
79.8
1,700.2
1,699.9
1,799.7
1,800.7
21,907.1
21,907.1
1 800.0
1,802.6
1.700.1
1,700.2
1,463.3
1,380.2
336.7
U22.lt
74.6
38.1
1.801.0
1,802.2
21. 906. k
1, 301.lt
398.7
U9.l1
1.600.
1,312.8
387.lt
51.2
1,601.6
3,001.7
2,631.0
370.7
It
21, 906. It
21,906.1
22,006.1
22,104.3
3,001.7
January 1958
25
.DEBT OPERATIuNS.
Table 3.
Summary of New Money Financing through Treasury Bills
(Dollar amounts In millions)
Description of Ibsus
Maturitj
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Amount Issued
Amount of
subscript ic
tendered
Description of
Exchange
Cash 1/
For
cash 1/
In exchange
for other
securities 2/
(In milll.
-
•A/53
2-1/** Certificate
2-1/2* Bond
1-1/2* Hote
5/1/53
6/1/53
3-1 A* Bond
2-5/8* Certificate
-
7/15/53
2-1/2* Certificate
-
2/15/53
2/15/53
(tax ant.
-
2/l5/5*-A
12/15/58 37
4/1/58-EA
1 yr
30 yr
1 yr
6/15/78-83
6/l/5*-B
2-5/8* Certificate
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Hote
1-1/2* Hote
-
4,72*
2.997
121
4,724
2,997
121
1 yr
5 yr
8.175
1.7*8
8,175
1,748
yr
yr
yr
7,007
11,177
119
7,007
11,177
119
yr
9/15/61
2/15/5*
2/15/54
1-5/8* Certificate
2-1/2* Bond
1-1/2* Hote
2/15/55-A
11/15/61
*/l/59-EA
7
4 yr
i/
1
5
5/17/5*
1-7/8* Hote
2/15/59-A
5/17/5*
8/2/54
1-1/8* Certificate Certificate 1*
(tax ant. ll/)
5/17/55-B
3/22/55-C
8/15/54
10/4/5*
1-1/8* Certificate
2-1/8* Bond
1-5/8* Hote
8/15/55-D 137
11/15/60
5/15/57-B
10/1/54
1-1/2* Hot*
10/1/59-EO
5 yr
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bond
8/15/55-D 137
12/15/55-E
8/15/63
1-5/8* Hote
Hote
Bond
3/15/56-A
8/15/57-0
2/15/95 157
*/l/55
1-3/8* Certificate (tax ant. 16/)
6/22 /55-F
*A/55
1-1/2* Hote
*/l/60-EA
5 yr
8/15/56-B 1J7
1 yr
Hote
7/18/55
1-7/8* Certificate
2/15/55
3*
8/1/55
2*
10/11/55
-
2*
3*
-
(tax ant. 197)
Bond
5/17/55
418 2/
5,902
1 yr
12/l5/5*-B
12/15/58
2*
383
1,188
5 yr
3
2-3/** Bond
5/17/55
418 5/
5,250
8/l5/5*-D
9/15/5* -E
3/15/57-A
IO/1/58-EO
1-7/8* Hote
2-1/2* Bond
2/15/55
2/15/55
2/15/55
l£
8.687
11/9/53
8/15/5*
12/15/5*
12/15/5*
25 yr
3/22/5*-C
12/1/53
2/15/53
8/15/5''
8,114
620
363
7_/)
8/15/53
"•AM
8,114
620
yr
5 yr
5
3,558
3.806
3,558
3.806
1 yr
1 yr
8 yr
*,919
5,359
6,755
4.919
5,359
6.755
1 yr
2 yr
40 yr
8,*72
3,792
1,92*
8.472
3,792
1,924
7,938
198
3
3,989
3,17*
10,620
198
2,532
3,17*
2,202
2/15/95 i57
Certificate (tax ant. 22/)
6/22 /56-B
8/15/56-B
-
1 yr
6 yr
2 yr
3/22 /56-A
Hote
2-1/** Certificate
2,897
3,886
u7
1 yr
10j
1,486
1,*86
3
6,841
6,841
6/22/56-c
8,778
(tax ant. 22/)
10/1/55
1-1/2* Hote
12/1/55
2-5/8* Certificate
t
12/1/55
2-7/8* Note
[
3/5/56
12/1/55
2-5/8* Certificate
2-7/8* Hote
f
t
*/l/56
7/16/56
6/15/56
10/1/56
3-1 A* Certificate
[2/15/57
1 2/15/57
3-3/8*
3-1/2*
2/15/57
2/15/57
3-3/8*
3-1/2*
*/l/57
1-1/2*
5/1/57
5/1/57
3-1/2*
3-5/8*
f
1
278
12/1/56-D
1 yr
9,083
9.083
6/15/58-A 2*/
2 yr
2,283
2,283
-
2/15/57-A
6/15/58-A 2*7
*/l/6l-EA
2 yr
7,219
2,109
7,219
2,109
5 yr
144
144
yr
12,056
12,056
2-3/** Hote
3-1 A* Certificate
I
278
-
8/1/57-D
1
6
2 -3 A* Certificate
3/22/57-B
(tax ant. 25/)
1-1/2* Hote
10/1/61-EO
12/1/56
/
5 yr
1-1/2* Hote
1 12/1/56
1
10/1/60-EO
-
6/24/57-0
(tax ant. 2J7)
<
1
1
1
1
-
10/1/57-D
2/14/58-Ai
5/15/60-Af
[1 yr
2/14/58-AI
5/15/60-Af
fl yr
4/1/62-EA
5 yr
4/15/58-B
2/15/62-A
13
[3
4
yr
7,271
8,414
1,*6*
8,414
1,464
7.489
5,868
yr
yr
7,271
2,*37
9*2
551
U:
(Continued on following page)
I
1
2,351
647
> •
.
January 195H
27
_DKBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness -(Continued)
Amount Issued
Date
•inscription
books were
opened
Description of security
(In ml 111 one of dollars)
r
7/22/57
I
8/1/57
8/1/57
8/1/57
8/1/57
9/26/57
[10/1/57
r
9/16/57
y
3-5/8* Certificate
1**
Certificate
1**
Note
-
-
Certificate
Rote
Bond
1**
U*
U*
12/1/57-E
8/1/58-C
8/1/61-A
8/1/58-c
8/15/62 -B
10/1/69
10/1/57
1-1/2* Note
-
10/1/6? -E0
11/29/57
12/2/57
3-3A* Bote
3-7/8* Bond
-
11/15/62-C
11/20/57
-
H/15/7U
11/21/57
'l2/l/57
3 -3
-
12/V58-D
A*
Certificate
9,871
10,U87
2,509
}0/
^1/
3py
22/
1 yr
U
12
5
yr
U
yr
2/
\0/
11/
12/
I*,
Ilk*
1
61*8
p
7,786 p
3,817 p
16 yr
[lOO }2/
2,509
933 P
}
2,000 p
657 P
1,11*3 p
VU
36/
32/
653 P
yr
Souroat Bureau of the Public Debt. Preliminary figures are from suo1
scrlptlon and allotment reports; final figures are on "clearance'
basis in dally Treasury statement.
1/ Conslsta of all public cash subscriptions and subscriptions by
United States Government Investment accounts.
2/ For maturing securities exchanged for the new issues, see Table 6.
3/ The 2-1/2* bonds dated February 15, 1953, were reopened with all
the bonds of the series Identical in all respeots, as an exchange
offering for the 2-1/8* notes which matured December 1, 1953
Total exchanges in the two offerings amounted to $2,368 million.
kj Exchange offering available to owners of nonmarketable 2-3/1**
Treasury Bonds. Investment Series B-1975-80, dated April 1, 1951.
For further information on the original offering see "Treasury
Bulletin" for April 1951, page A-l. Amounts shown are aa of
December 31, 1957.
2/ The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953
6/ Total allotments on oaah subscriptions were limited to approximately
$1,000 million. Honbank subscriptions in amounts up to and Including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks' subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonde to Government investment accounts,
which subscribed to a total amount of $11 8 million. Payment for the
bonds allotted could be made with accrued Interest at any time not
lmter than July 31, 1953.
2/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
8/
3,067 p
6,121 p
yr
yr
9,871
10,1*87
due March 15, 195**.
Subscriptions for amounts up to and including $100,000 were allotted
In full. Subscriptions for amounts over $100,000 were allotted 67
percent but In no case less than $100,000.
Subscriptions for amounts up to and including $10,000 were allotted
In full. Subscriptions from mutual savings banks, insurance companies, pension and retirement funds, and State and local governments
were allotted 2U percent. All others, including commercial banks.
were allotted 16 percent but not lees than $10,000 on any one
subscription.
Subscriptions for amounts up to and including $10,000 were allotted
In full. All other subscriptions were allotted 22 percent but in no
came leas than $10,000.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due March 15, 1955.
Subscriptions for amounts up to and including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted
1*0 percent but in no case loss than $50,000.
The 1-1/8* certificates dated August 15, 195U were reopened with
all the certificates of the series Identical In all respects, as an
exchange offering for the 1-7 /8* notes which matured December 15,
195 *, the 2* bonds which matured December 15, 195 *. and the 2* bonde
which were called for redemption on December 15, 195 *. Total exchanges in the two offerings amounted to $6,1*77 million.
lU/ Subscriptions for amounts up to and including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted 50
percent but in no case leas than $50,000.
12/ The 3* bonde dated February 15, 1955, were reopened with all the bonds
of the series identical in all respects, as an additional cash offering
on July U, 1955- The total amount issued in the two operations was
$2,7*5 million.
16/ Also designated tax anticipation certificates, acceptable at per plus
accrued interest to maturity In payment of Income and profits taxes
due June 15, 195517/ The 2* notes dated May 17, 1955, were reopened with all the notes of
the aeries identical In all respects, as an exchange offering for the
1-1/8* certificates maturing August 15, 1955
Total exchanges in the
two offerings amounted to $10,015 million.
18/ 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 leas than $100,000.
Also designated tax anticipation certificates, acceptable at per plus
19./
accrued interest to maturity In payment of Income and profits taxes
due March 15, 1956.
20/ Subacriptiona for $100,000 or lees were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but In no case
less than $100,000.
2 1/ Subscriptions from savings-type Investors totaled $7*9 million and
were allotted 65 percent. Subscriptions from all other Investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or leae were allotted in full. Subscriptions for more
than $25,000 were allotted not less than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts.
Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
leas than 25 percent of the bonde allotted were paid for by July 20.
1955 } not leas than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of income and profits taxes
due June 15, 1956.
23/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but In no case
leas than $100,000.
Remaining footnotes on following page
il/
,
1
1
1
-
23
Treasury Bulletin
.DEBT OPERATIONS.
Footnotes to Table 4
2kJ
257
26/
22/
28/
22/
20/
-
(Continued)
The 2-7/8% notes doted December 1, 1955, were reopened with all
the
Redeemable at the option of the holder on August 1, 1959, on three
notes of the aeries Identical In all reepecte, as a partial exchange
months' advance notice.
offering for the 1-5/8* notea maturing March 15, 1956. Total exIn addition to the amounts Issued In exchange, the Treaeury allotted
changee In the two offerings amounted to '(,392 million.
$100 million of each lesue to Government Investment accounts.
Also deaignated tax anticipation certlf lcatea, acceptable at par
plus
Redeemable at the option of the holder on February 15, i960, on three
accrued Interest to maturity in payment of lnoome and profits taxes
montha* advance notice.
due March 15, 1957.
Subscriptions in excess of $100,000 were allotted 22 percent for the
Subscriptions for $100,000 or lose were allotted in full. Subacrlpcertlf lcatea and 28 percent for the notes. Subscriptions for $100,000
tlons for more than $100,000 were allotted 29 percent but In no case
or loss for both Issues were allotted In full, and subscriptions for
less than $100,000.
more than $100,000 were allotted not le B s than $100,000.
In addition
Also designated tax anticipation certificates, acceptable at par
plus
to the amounts allotted to the public, $100 million of each Issue were
accrued lntereet to maturity In payment of Income and profits taxes
allotted to Government investment accounts.
duo June 15, 1957.
Subecrlptlone
for
$50,000
or
32/
leas
were
ellotted
In
full. Subscriptions
The 3-3/8* certificates doted February 15, 1957, and the
3-1/2* notes
for more than $50,000 were allotted 10 percent but In no case less
dated February 15, 1957, wore reopened with all the certlflcate
B and
than $50,000. In addition to the amount allotted to the public, $100
notes of each series Identical In all reepecte, as an additional cash
million of the bonds were allotted to Government lnveotment accounts.
offering on March 18. 1957. Total laaues In the two offerings amounted
Payment for not more than 50 percent of the bonda allotted could be
to $10,851 million ror the certlf lcatoo and $2,1.06 million
for the notes.
deferred until not later than October 21, 1957.
Subscriptions In excess of $100,000 were allotted 31 percent for the
Subscriptions for $10,000 or less were allotted In full. Subscriptlona
i§
certificates and 12 percent for the notea. Subscriptions for
$100,000
for more than $10,000 were allotted 25 percent to savings-type Investors
or less for both Issues were allotted In full and eubecrlptlons
for more
and IP percent to all other subscribers, but In no caae lose than
$10,000.
than $100,000 wore allotted not lose than $100,000.
In addition to the
In addition to the amount allotted to the public, $100 million
of the'
amount allotted to the public, $100 million of the notes were allotted
notes were allotted to Government investment accounts.
to Government Investment accounts.
51/ Subscriptlona for $10,000 or leas were allotted In full.
Subscriptions
The It* certificates dated August 1, 1957, were reopened with
all the
for more than $10,000 were allotted 26 percent to savings-type
investors
certificates of the series ldentlcsl In all reapecta, aa an additional
and 10 percent to all other subscribere, but In no case lesa than $10
000
cash offering on September 16, 1957. The total amount Issued in the
In addition to the amount allotted to the public, $100 million of
two operations wss $11,519 million.
the'
bonds were allotted to Government Investment accounts.
Preliminary.
a
January /9?rt
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable
Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/
(
m
HUlou.
In
dollar*)
Allotment* by lnreator olaaaea
n. s. got-
ernaant
lnreetaent
In
anoounta
exchange
and
for other
Deaorlptlan of toouritj
ecurltiaa
(2-1 A* Cm*.
2/15/53
2-1/2* Bond
1
3-lA* Bond
5/1/53
2/l5/5*-A
12/15/58
8,11k
620
6/X5/78-83
6/1/53
2-5/8* C*rt.
6/1/5I.-B
7/15/53
2-1/fe* C*rt.
3/22/5V-C
*18
»,858
olal
banka
IndiTldn-
Federal
Inauranoe
ooapanlea
Corporation*
luge
banka
y
fieaarre
Banka
3,698
3
**v
118
131
1
2,015
261
287
98
*,520
56
8/
150
98
9
19
U3
1/
2-5/8* C*rt.
8/l5/5*-D
2,788
175
1,329
117
27
Vll
9/15/5* -«
3/15/57-A
*,72*
2,997
863
1,279
2,276
106
42
131
1VO
96
65V
1?5
1,296
127
190
16-,
8,175
1,7*8
6,997
360
1,17*
112
*3
12
2
61
52
1,508
8,733
152
209
*6
7
»67
218
1,138
l,98e
175
Ul
68
1*6
7*
139
23
8.7
3,091
115
V7
100
2,718
1H
57
1,299
5,503
1M
2-3A* Bond
9/15/61
I"
1-7/8* lote
1
2 -1/2* Bond
12/15/5V-B
12/15/58
/l-5/B* C*rt.
2/15/5"!
2,239
1.2-1/2* Bond
2/15/55-A
11/15/61
1-7/8* lot*
2/15/59-A
2/
7,007
11,177
(2,205
5/17/5*
8/fe/5*
5/17/55-8
3/22/55-0
10A/5*
1-5/8* Roto
f 1-1/8* Cert.
f
-1/2* Bond
1-5/8* lote
Hot*
Bond
2'
U*
*/l/55
5/17/55
8/
*,155
8/15/55-D 10/
8/15/63
*,919
5,359
6,755
3/15/56-A
8/15/57-C
2/15/95
8,*72
3,792
1,92V
1-3/8* Crt.
6/22/55-T
8/15/56-B
lot*
8/
1-7/8* Cert.
7/20/55
3*
3/22/56-A
»,763
2,520
*,012
1,91*
1,009
1,686
5*5
355
8/
2,202
U/
821
10/11/55
2-1 A* Cert.
6/22/56-C
12/1/55
(2-5/8* Cert.
12-7/8* Hot*
12/1/56-D
6/15/58-A
9,083
2,283
5,757
2/15/57-A
6/15/58-A 137
7,219
2,109
5,028
12,056
8,078
2-3A*
12/1/56
8/
/3-lA*Cert.
(3-lA> Cert.
6/2V/57-C
10/1/57-D
8/
2/15/57
3-3/8* Cert.
3-1/2* lot.
3/28/57
(3-3/8* C«rt.
(3-1/2* lot.
1,V86
6,8*1
130
216
119
5,75*
387
*O0
21
32
1,782
8/1/57-D
3/22/57-B
63
123
70
25
8/
Cert.
112
69
1,065
329
8*
1,0*7
6/22/56-B 8/
8/15/56-B 12/
8/15/56
30
662
152
VI
226
1,7*7
61*
Cert.
Rote
2-3A* Hot*
9
103
3,210
8/1/55
7/16/56
5*
f2,532
2/15/95
(2-5/8* Cert.
[2.7/8* lote
1.1*6
2,385
2,70*
1,190
1
Bond
3/5/56
28
756
535
216
2V7
558
1
3,17*
7/18/55
36
2,011
3,558
3,806
5/15/57-B
2*
1,686
3,73*
1-lA* Cert. 12/15/55-!
J
[,2
2/15/55
Cart.
26
2,897
3,886
'1-1/8* Cert. 8/15/55-D
2-1/8* Bond 11/15/60
8/«M
12/15/5*
1-1/8* Cert.
1*
5
18
1,3»9
1,099
108
52
105
666
205
18
976
33
62
998
»78
570
903
1,23k
1*0
2,175
2V
1,313
9*7
1,312
7,271
15
6,135
358
55*
589
198
2/H/58-A
8,M»
5/15/60-A
1,1.6V
5,708
131
1,159
725
573
11*
2/lV58-Al u/
5/l5/60-A|*S/
('
All
other
6/
2,361
786
19
(Continued on following page)
230
1,3<>3
13
25
366
917
2-5/8)1 Cert.
11/9/53
Dealere
and
broker
ent
13
77
100
8/15/53
12/1/53
Penalon
and retlre-
99
9/15/53
.2-7/8* lot*
State and local
government* 5_/
funds
2,279
187
6
1
1,153
Prlret*
penalon
and retirement
fund*
269
163
37
103
29V
.
30
Treasury Bulletin
.
DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/- (Continued)
(In Million* of dollar •)
Issue
.
January 1958
31
.
DEBT OPERATIONS
Table 6.- Dl6po8ition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
-
.
.
Treasury Bulletin
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness - (Continued)
Called or maturing security 1/
Date of
refunding
or retire
Diepoeltion offers
by Treasury
Amount
outstanding
Cash
retirement
Exchange
security
offered
Turned
in for
cash 2/
(In millions of dollars)
3/5/56
1-5/8* Note
3/15/56-A
2/15/55
1-1/2$ Note
U/l/56-EA
Vl/51
7/18/55
Total
3/22/56
8,1.72
8A72
9A79
1-7/8* Certificate
-
3/22/56-A
Certificate
-
2,202
9,">79
2.202 It/
2*
6/22/56-B
8/1/55
1.U86
1.U86 1^/
6/22/56
2-l/lt* Certificate - 6/22/56-c
10/11/55
2,970
2,970 157
5/17/55
10/1/51
12,5"»7
159 16/
12,388
550
11,528
159
12,938
12,056
2*
Note
1-1/2* Note
A*
9/15/56
2 -3
12/1/56
2-5/8* Certificate
Bond
2-5/8* Certificate
8/15/56-B
-10/1/56 -ED
-
-9/I5/50-59
9/15/36
I2/1/56-D
12/1/55
-
-
2/15/57-A
3/5/56
550
9,083
2-3A* No
9,083
500
6.39U
7,219
7.21S
I
2-7/8* Note
-
3/15/57-A
9/15/53
2,997
2,997
1-1/2* Note
-
4/1/57-EA
Vl/52
531
531
2-3A* Certificate
-
3/22/57-B
8/15/56
3,221
5/15/57
1-5/8* Note
-
5/15/57-B
;o
AM
M55
6/2U/57
3-lA* Certificate
-
6/2U/57-C
12/1/56
1,312
-
8/1/57 -D
7/16/56
12,056
2/15/57
Total
3/22/57
2 -3
10,7>t7
A*
Note
2*
8/1/57
8/15/57-C
3-lA* Certificate
-
lO/l/57-D
2/15/55
12/1/56
-lO/l/57-BJ
10/1/52
[3-1 A* Certificate
13 -lA* Certificate
578
1/
3_/
hj
5_/
6/
of 3-3/8* Certificate
\l,U6U of 3-1/2* Note
it,
[3-1/2* Certificate
(3-5/8* Note
155
8/
2/
10/
-
ll/15/58-B
-
2/15/62-A
-
12/1/57-E
8/1/58-C
8/1/61-A
1,312 12/
3-5/8* Certificate
Certificate
Note
8,893
1,783
1,039
12,056
978
1,327
1,118
3,792
[6,631*
7,271
r
82U
9,971
9,971
11/
12/
13/
lh/
15_/
16/
.
1/
2/II1/58-A
(8,lillt
10,7117
Bureau of the Public Debt. Preliminary flgureB
scrlptlon and allotment reports; final figures are on "clearance" basle
In dally Treasury statement.
Original call and maturity dates are used.
All by Investors other than Federal Reserve Banks.
For breakdown of total exchanges between the two new securities,
•
see Table 1>.
The 2-1/2* bonds maturing December 15, 1958, were reopened for the
December 1, 1953, refunding (see Table k).
On November 9, 1953, the Treasury purchased from the Federal Reserve
System and retired $500 million of the 2-1/8* Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, Page A-l.
It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury Issue after
February 15, I95I1
Tlus exchange offering was Included In the refund lngs of May 17, 19511.
Tax anticipation series; $2,669 million redeemed for taxes due
March 15 195li, and $3,233 million redeemed for cash.
The 1-1/8* certificates maturing August 15, 1955, were reopened for the
December 15, 195U, refunding (see Table 1*).
Tax anticipation series; $2,216 million redeemed for taxeB due March 15,
1955, and $1,518 million redeemed for cash.
The 2* notes maturing August 15, 1956, were reopened for the August 1,
1955, refunding (see Table k).
Source:
2/
8/1/57
5/15/60-A
-
3,221 18/
319
7U3
32
1>*
-
I4*
-
3-5/8* Certificate
U*
Certificate
Rote
-
It*
318
fit*
l>*
fit*
1*9
[hi
2,509
12/1/57-E
2/H/58-A
13-3/8* Certificate
|3-l/2* Note
10,1187
-
6/2U/57-C 11/
10/1/57-D
2/1U/58-A
5/15/60 -A
3-3/8* Certificate
522
Total
3-5/8* Certificate
-
282
9,871
12/2/57
-
51.3
920
1
1-1/2* Note
2/15/57-A
6/15/58-A
2-5/8* Certificate - 2/15/57-A
17,219 of 2-5/8* Certificate
1 2, 109 of 2-7/8* Note 13V
6/22/56
7/16/56
(2-5/8* Certificate
12-7/8* Note
[6,215
[2,109
1,007
17/
18/
19/
p
9.833 p
138 P
3 -3
A*
-
-
Certificate
Note
-
Certificate
Note
-
-
-
12/1/57-E
8/I/58-C
8/1/61-A
8/1/58-C
8/1/61-A
8/1/58-C
8/1/61-A
of 3-5/8* Certificate
Certificate
of It*
of It*
Note
Certificate
-
I2/1/58-D
Tax anticipation series; $1,917 million redeemed for taxes due
June I?, 1955, and $1,293 million redeemed for cash.
Also designated tax anticipation certif icateB, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1956.
The 2-7/8# notes maturing June 15, 1958, were reopened for the March
5, 1956, refunding (see Table h),
Tax anticipation series; $1,67U million redeemed for taxea due
March 15, 1956, and $528 million redeemed for cash.
Tax anticipation series; of the 2£ certificates $1,013 million were
redeemed for taxes and $^73 million for cash; and of the 2-l/U%
certificates $1,891 Dillon were redeemed for taxes and $1,079
million for cash.
During June 195&, $159 million of 2% Treasury notes maturing AugUBt
15, 1956, were purchased by the Treasury for account of the Sinking
Fund and retired.
Also designated tax anticipation certificates, acceptable at par
plus accrued interest to maturity in payment of Income and profits
taxes due June 15, 1957.
Tax anticipation series; $1,922 million redeemed for taxes due
March 15, 1957, and $1,299 million redeemed for cash.
Tax anticipation aeries; $620 million redeemed for taxes due
June 15, 1957, and $692 million redeemed for cash,
Preliminary
January 195H
33
.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March 1935 and Began to mature In March 19^5. Series A-D
were sold between March 1935 and the end of April 19^1,
and Series E, F, and
were first offered In May 194l.
When Series E began to mature on May 1, 1951, owners of
the matured bonds were offered three options:
To redeem
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exohange them
for Series
bonds.
A number of changes beoame effective
May 1, 1952.
The principal ones were:
The rate of
interest accrual on Series E was Increased,
especially for
the near term,
with corresponding ohangee In extended
Series E; and Series F and
were replaced by two new
Issues, Series J and K, also at higher interest rates.
A new current-Income bond, Series H, similar In Interest
return to Series
E,
was offered beginning June 1.
Details
of these changes appear In the May 1952 Bulletin, page A-l.
Series F and
began to mature on May 1, 1953.
For the
exchange offering made to holders of these bonds maturing
through December 31, 1953, see the May 1953 issue, page A-l.
Sales of Series JandK were discontinued after April 30,1957.
An Increase In Interest rates on Series Eand H was announced
on April 20,1957, retroactive to February 1. Details of the
changes appear in the May 1957 Bulletin, page A-l.
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 0, H, and K are
included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and
bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
matured, when they are transferred to matured debt upon
which interest has ceased.
Table 1.- Sales and Redemptions by Series, Cumulative through November 30, 1957
(Dollar amounts in millions)
...
3*
Treasury Bulletin
.UHITED STATES SAVTHGS BOHDS.
Table 3.
Sales and Redemptions by Periods, Series E through K
(In ml 111 one of dollars)
Redemptions k/
Sales plus
accrued
discount
Sales
price
5_/
6/
Amount outstanding
Accrued
discount 6/
Series E and B combined
Fiscal years:
19k 1-1950
1951
1952
58,697
3.272
3,296
1953
195k 1/
1955
1956
li,06l
1957
•>,6l3
"•,653
V
5,225
5,260
3,669
1,035
1,111
1,120
1,126
1,123
1,11k
1,133
62,366
k,307
k,k07
5,181
5,779
"•,173
27,872
k,295
l.,0O8
6,31*8
11,038
"t,3»5
1..5UU
6,37k
".,730
5,71*6
5,176
6k, 503
l>
,270
30,009
It, 036
k,69k
11,098
5,l>96
1>,157
27,182
3,987
3,583
3,538
3,791
3,909
k,072
»,U60
690
307
k25
500
551.
3l»,U9lt
3l>,506
3l«,
905
36.0U8
37,1.82
636
658
39,285
716
Ul,»98
832
3k8
3k, 727
1.0,929
Calendar years:
19"»1-1950
60,330
3,190
3,575
U,368
k,889
5,368
1951
1952
1953
195"<
1955
1956
5,01.3
1,080
1,120
1,128
1,126
1,113
1,12k
6,015
I.
,UUIi
29,177
3,688
3,622
3,625
3,909
31., 1.93
1.76
35,32".
531
535
36,663
38,233
6,1.81
U,652
3,91.9
6,167
I., 832
k,l6k
51.7
1.26
1.1,1.30
1.1.5
1.51
U38
1.1, U63
1.0,063
1.1,398
Months:
1957-January..
February.
March....
k65
361
365
April
May
June
81
87
1.76
U50
k05
379
362
Ilk
•77
U 50
391.
1.1,1.98
U 00
515
U79
W>9
529
U79
»5»
k69
392
362
115
87
87
1.12
kl,U85
kl,U8k
398
M,k8o
337
81
kl8
k25
1.38
369
307
1.1; 1.60
378
July
August. .
September
October..
November
33k
k53
1.1, U50
1.69
Series F, C, J, and K combined
kl,kk7
1.1,1.72
1.1,506
3_/
Fiscal years:
191.1-1950
26,005
1,871
629
501
8kl
1951
1952
1953
195k 1/
1955 2/
1956
1957
96
108
108
1,21.9
586
268
26,332
1,961
726
610
9»9
1,357
686
352
1>,185
1,01.2
1,012
1,552
2,152
2,692
3,105
k.lkl
1,021
990
1,511
2,071
2,56k
2,91.6
3,77".
3,612
,681
1,093
k,627
1,071
908
1,909
22,11.7
81
128
159
162
23,066
22,780
21,837
20,579
19,080
16,568
13,121.
Calendar years:
19*1-1950
1951
1952
371
27,770
93
100
109
110
863
686
I.
23,089
22,859
22 ,616
929
1,968
2,526
2,636
2,1.28
2,1.98
3,1.22
3,255
522
301
285
288
273
Ik, 580
Ik, 373
Ik, 156
237
286
625
228
276
590
13,972
13,721
13,12k
36O
271
259
339
263
September
250
12,789
12,537
12,295
October .
November.
290
316
282
306
1953
U32
1951.
1,281.
1955
1956
907
1.75
5">2
1,39".
1,010
567
21,01.7
19,1.39
138
167
17,861
Ik, 895
Months:
1957-January..
February.
March
April
May
June
July
August
.
. .
end of Table k.
50U
(Continued on following page)
..
..
.
January 1958
35
.UNITED STATES SAVINGS BONDS.
Table 3.
Sales and Redemptions by Periods, Series E through K -(Continued)
(In millions of dollars)
Redemptions 2/ k/
Sales plus
accrued
discount
Fiscal years:
19kl-1950
1951
1952
1953
195">
1955
1956
1957
Calendar years:
19kl-1950
1951
1952
58,697
3,272
3,266
3,700
3,988
it,
095
k,219
3,919
3,669
1,035
1,111
1,120
1,126
1,123
1,11k
1,133
62,366
k,307
k,377
It, 821
5,11k
5,218
5,333
5,052
27,872
k,295
It, 008
k,032
k,319
60,330
3,190
k,173
1,080
1,120
1,128
1,126
1,113
1,12U
6k, 503
30,009
3,393
3,906
k,023
it, 192
1953
195k
1955
1956
Sales
price 5/ 6/
It,lk2
it, 270
k,513
5,03k
5,lk9
5,30k
5,266
lt,U90
It
,622
11,981
11,036
098
k.lkl
It,
It,lt06
k,572
it
,689
Amount outstanding ( lntereatbearlng debt)
Accrued
discount 6/
3k,k9li
27,182
3,987
3,583
3,532
3,765
3,85k
3,96k
k,265
690
307
U25
500
55k
636
658
716
37,186
37,898
37,969
29,177
3,688
3,622
3,609
3,871
3,870
k,021
832
3k8
U76
531
535
702
668
3k,k93
3k, 727
35,lk3
36,036
36,778
37,510
38,087
3k, 506
3k, 875
35,66k
36,1.58
Months:
1957-January...
February .
March
39"»
April
May
June
325
325
306
July
August . . . .
September.
332
3k5
321
316
316
38,066
38,058
k31
387
361
37k
38,000
37,980
37,969
506
U58
U16
391
37,881*
1*29
373
37,863
kl6
356
3k7
285
37,820
37,8k3
530
U09
U 02
Itllt
U05
k51
12
I132
U20
1*1*7
It
115
87
87
U71
336
3U6
509
U01
k32
U08
October...
November
.
38,01*5
37,910
Series H 8/
Fiscal years:
30
360
665
1,130
l.Okl
69U
1952
1953
195k
1955
1956
1957
30
385
30
36O
665
1,130
l.Oltl
69U
1,021*
108
196
108
196
38
79
16
38
79
lk3
lk3
2,099
3,031
3,529
Calendar years:
1952
1953
195k
1955
1956
182
182
1*62
U62
866
1,177
901
866
1,177
901
181
627
l,k55
2,553
3,310
Months:
1957-January...
February
March
3,365
3,392
3,kl8
April
May
June
3,kk7
3,k92
3,529
July
August....
September.
3,575
3,600
3,617
October .
Horember.
3,639
3,662
.
.
Source:
Dally Treasury statement; Bureau of the Public Debt.
Footnotes at sod of Table
It
36
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured bonde
Period 2/
Total
matured 6/
Unmatured bonde
In exchange
far Serlea
and K
Total
unmatured
5/6/
Salea
January 195H
37
.OWNERSHIP OF FEDERAL SECURITIES.
Table
1.
Distribution of Federal Securities by Classes of Investors and Types of Issues
(Id
unions
of dollars)
...
.. ...
,
.
.
5
k
k
35
k
.
79
k
9
k
k1
k
.
7
k
8
9
?s
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Far valu.ee 1/ In bill lone of dollars)
Held by private nonbank Investors
Held by banks
Total
Federal
securities
outstanding 2/
clal
banks
a/
Federal
Reserve
Banks
Individuals 2/
Government
Mutual
savings
banks
Investment
accounts k/
6.3
3.1
2.2
6.5
6.9
3.1
3.2
2.1
2.0
3.k
3.7
2.0
.
U7.6
l8.k
15.9
2.5
6.5
22.7
1.9
. .
U8.5
50.9
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
2.6
2.8
7.5
7.8
.
55.3
6k. 3
21.8
23.7
19-7
21 .It
2.2
2.3
8.5
9.5
25.0
31.0
3.6
5.k
7.6
8.2
77.0
112.5
28.7
2.6
6.2
10.6
12.2
37.7
53.0
17.8
9.1
8.7
<*7.3
23.7
13 .k
10.3
9.2
11.3
19k3-June
December ...
iuo.8
170.1
59.k
71.5
7.2
11.5
Ik .3
67.O
81.7
30.9
37-6
19.2
2k.
11.7
12.9
13.1
5.3
15.1
6.1
19kk-June
December..
202.6
232.1
83.3
96.5
Ik.
19.1
k6.1
77.7
18.8
21.7
100.2
llk.O
Ik .9
17.1
17.3
19.6
7.3
8.3
19^5-June
December
259.1
278.7
106.0
115.0
8k .2
90.8
21.8
2k .3
2k .9
59.1
27.0
128.2
136.6
6k.
ko.7
k2.9
18.5
21.2
22.7
2k .0
9.6
10.7
279.8
269.9
259.5
II6.7
108.2
97.9
93.8
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
6k.
63.3
6k .2
k3-3
k3.5
kk.2
20.8
2k. k
2k.
11.1
11.5
2k .9
11.8
258.lt
70.0
68.7
32.8
3k .k
133.7
131.3
66.6
65.7
6k .6
62.5
21.k
23.3
35.8
37.3
130.7
129.7
65.8
65.5
19.3
18.9
38.3
39.k
132.2
132.1
18.3
20.8
37.8
39.2
kl.O
1939-December .
19kO-June
December
loAWune
December
.
19k2-June
December .
.
.'.
. .
19k6-February 2/
December
.
19k7-June
December.
19k8-June
December.
.
. .
257.0
. .
252 .u
252.9
85.9
85.8
252.8
257.2
B2.l>
85.7
63.O
66.8
257 .k
256.7
83.9
82.6
65.6
61.8
81 .k
58.li
85.l1
61.6
23.0
23.8
259.2
8k .0
267.
88.1
61.1
63 .k
22.9
2k.
19119-June
December
1950-June
December.
.
.
1951-June
December
.
1952 -June
December .
1953-June
December.
.
.
.
266.1
275.2
83.6
89.6
58.8
63.7
. .
271.3
278.8
88.7
9».l
63.6
69.2
27k. 1
27^.*
87.8
87.I
85.9
86.8
6k
.
195* -June
December
.
1955-mrch
June
September .
December...
.
1956 -January
February.
..
March.
April
V
July
August
September.
October
November
December
1957 -January
February.
March
8k.
7k.
91.9
91.3
.
..
.
April
May
June
.
October
.
p.
53.3
19 .k
2k .6
23.9
k7.1
k7.8
18.6
17.6
22.8
21.2
66.6
66.3
k8.8
k9.3
17.8
17.0
135.6
13k .9
67.k
66.3
k9.9
k9.6
17.6
16.7
k2.3
132.9
131.8
65 .k
6k .6
k9.1
k9.1
16.3
15.5
kk.3
130.8
6k .8
k5.9
133 -k
65.I
k9.0
k9.2
15.7
16.0
3.2
k.3
5.3
6.5
19.9
17.8
15.3
6.7
6.5
6.3
7.1
7.3
12.0
11.5
13.6
Ik.
7.8
7.9
11.6
15.8
16.8
8.0
8.1
11.6
10.9
lB.k
19.7
8.7
8.8
10.2
9.8
20.1
20.7
9.k
9.6
9.6
9.5
18.8
19.9
11.1
k
10. k
135.0
137.3
66.0
6k .8
k9.3
k9.k
16.8
15 .k
16.0
15.8
9.5
9.2
18.7
21.6
k9.3
k9.6
133.3
135.1
6k .8
63.6
k9.5
50.0
15.3
13.7
15.3
15.0
9-1
8.8
16.6
19.2
13 9
136.9
136.7
IkO.k
65.O
Ik .9
15.0
Ik .6
15.2
16.0
15 -k
Ik .8
19.3
I8.7
lkk.5
lk5.3
Iks .6
66.2
65.6
66.7
67.2
67 .k
50.2
50.2
50.2
50.2
23.5
23.5
23.6
k9.k
50.5
51.2
51.7
51.7
51.8
51-9
50.3
50.k
50.k
16 .k
Ik .2
16.8
17.0
13.9
13.6
17.3
17.3
17.2
13.6
13.5
13.3
17.?
17.3
13.3
25-9
25.0
2k .9
23-6
23.6
23 .e
2k .8
65.
81.8
81.3
80.8
58.5
57.8
57.1
23.3
23.5
23.8
51.6
52.5
53.5
lk2.5
lk3.0
138.5
67.7
67.7
67.5
50 .k
50.k
50.3
272.7
275.6
79.9
81.5
53-8
81.3
81.7
23.9
23.7
23.8
5k.
5k .2
277.1
276.7
83.O
Sk.2
56.5
57.6
57.6
58.0
58.6
59.3
23 .k
27k.
275.
2k.
2k.
5k .2
5k .0
139.0
139.7
138.9
139.7
139-9
138.5
67.6
67.5
67.7
67.5
67.5
67.1
50.3
50.3
50.2
50.2
50.1
50.1
276.3
276. k
275.1
81.8
80.6
23.k
22.9
23.1
53.9
81.3
58.3
57.7
58.1
lko.7
lkl.7
139.7
67.1
67.5
68.2
k9.9
k9.7
k9.6
27k. 1
275.3
81.2
80.9
78.9
58.0
57.7
55.8
23.2
23.1
23.0
53.7
139.2
139.6
136.2
68.0
67.6
67.
56.8
56.6
58.3
23
55.2
55.8
55.
137.3
138.0
137.
58.1
23.3
55.k
137.3
272.6
27k.
27k.
k.O
k7.6
k8.3
2k.
8J..9
83.O
15.7
16.1
.k
3.9
k.5
11.
19.8
18.7
State and
local
governments 2/
12.0
12.7
275.8
276.8
272.8
8k .0
19.9
20.1
21.1
63.5
62.1
62.0
60.5
59-5
58.3
277.5
280.8
280.1
280.2
276 .»
270.6
July
August
September.
.2
16.9
Corporations 6/
.k
23.5
23.3
53-9
5k .1
5k .2
5k .9
55.6
lk2.3
Source: Office of the Secretary, Debt Analysis Staff.
1/ United States savings bonds, Serlee A-F and J, are Included at current redemption value
Securities Issued or guaranteed by the U. S. Government, excluding
2_/
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
\i Consists of commercial banks, trust companies, and stock savings
banks In the united states and in Territories and Island possessions. Figures exclude securities held in trust departments
k/ Holdings by Federal land banks are Included under "Miscellaneous
Investors" instead of "U. S. Government Investment accounts" after
June 26, 19k7, when the proprietary Interest of the United St-atee
in these hanks ended
2/ Includes partnerships and personal trust accounts. Nonprofit
6/
7_/
8/
2/
p
15.0
Ik .3
8.7
8.7
8.5
8.5
8.5
8.5
8.5
8.k
8.k
20.5
23.3
23.6
23.7
20.8
20.5
20.9
lk.k
lk.7
Ik .9
15.1
15.k
15.6
15.7
17 -k
15.7
15.8
15.7
13.1
13.1
13.2
13.1
12.8
8.1
8.1
8.0
17-7
18.6
17-5
18.5
19.2
18.6
15.8
15.9
16.0
16.0
16.1
16.1
17.8
18.6
12.9
12.8
12.6
8.1
8.1
8.1
20.2
20.9
18.0
16.2
16.3
16.6
k9.k
k9-3
k9.1
18.6
12.5
18.3
18.3
12 .k
12.3
8.0
8.0
7.9
17.9
18.5
15.7
16.8
16.8
16.9
67.5
68.0
68.2
k8.9
U8.8
k8.6
18.7
12.3
12.2
12.2
7-9
7.9
7.9
16.3
16.8
16.1
16.9
17.1
17.2
67.9
kB.k
19.5
16.1
17.2
17.5
17.
17.
17.0
17.3
19.2
19.6
8.3
8.3
Institutions and corporate pension trust funds are Included under "Miscellaneous investors."
Exclusive of banks and Insurance companies.
Consists of trust, sinking, and investment funds of State and local governments and their agenclee, and Territories and Island possessions.
Includes savings and loan associations, nonprofit Institutions, corporate
pension trust funds, dealers and brokers, and Investments of foreign balances
and International accounts In this country. Beginning December 19k6, Includes
Investments by the International Bank for Reconstruction and Development and
the International Monetary Fund In epeclsl noninterest-bearlng notea issued
by the U. S. Government.
lamed late postwar debt peak.
Preliminary.
January 1958
39
.TREASUHT SUBVEf OF OVHEBSHIP, OCTOBER 31, 1957.
The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included in
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve aember-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank olasses and nonmember banks are published for June 3°
the United States.
Data were first published for
March 31, 19<U, In the May \<)h\ "Treasury Bulletin."
are published quarterly and first appeared In the March 195^
and December 31-
Holdings by corporate pension trust funds
Bulletin for quarters beginning December 31, 19 *91
Sectlon I.- Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values
-
In millions of dollars)
UO
Treasury Bulletin
.TKEASUFT SURVKf OF OWHERffllP, OCTOBER 31, 1957.
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
-
In
millions of dollars)
January 1958
.TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1957.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values
-
In millions of dollars)
Treasury Bulletin
1+2
.TREASURT SURVET OF OWNERSHIP, OCTOBER 31, 1957.
Section II
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values
-
In millions of dollars)
M
January 1958
.MARKET QUCTATIOHS OH TREASURY SECURITIES, NOVEMBER 29, 1957.
Current market quotations shown here are over-the-
publlo marketable securities Issued by the United States
oounter oioelng bid quotations In the New York market
for the last trading day of the month, 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 securities listed Include all regularly quoted
quoted In the market.
Table 1.- Treasury Bills (Taxable)
M
Treasury Bulletin
kk
.MARKET QUOTATIOHS OS TREASURY SECURITIES, H07EMBER 29, 1957.
Table 4.- Taxable Treasury Bonds
(Prion daelaala irn 32nde)
Anount
January 195H
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVOfflER 29, 1957.
ma.
Z>
c
...
..
.
..
,
..
.
,
Treasury Bulletin
k6
.AVEKA2E YIELDS OF LONG-TEEM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
rlee
19U2
19U3
19UU
19*5
19U6
19U7
2.I16
2.U7
2.U8
2.37
2.19
2.25
2.83
2.73
2.72
2.62
2.53
2.61
-
2.97 2/
3.11
3.13
3.23
3.31*
3.1*0
2.1*1*
1*9
2.31
2.32
2.57
2.68
2.9 *
1950.
1951.
19",?
1953.
1
July
August .
September
3.02
3.02
3.28
2.98
3.29
October.
November
December
2.83
2.86
2.79 37
2.69
2.62
2.53
.
.
195U -January..
February.
March
April
May
June
,
July
August
September
October. .
November
December .
.
3.08
averages of daily series
1956 -October..
November
December
3.20
3.30
3.U0
3.01
3.0U
3.05
3.16
3.11
3.13
July
August. .
September
2.91
2.95
2.92
3.06
3.11
3.13
April
May
3.06
2.95
2.86
October.
November
December
3.10
3.10
3.15
July
August.
September
3.63
3.66
3.11
October.
November
3.73
3.57 2/
1956 -January.
February.
March
2.55 37
2.52
2.87
2.89
2.5k
2.87
2.57
2.59 37
2.81*
2.82
2.81
2.82
2. 5U
2.1*7
2.1*8
.
2.55
L95*
L955
1956
April
May
3.21*
2.1*8
,
-
2.82
2.66
2.62
2.86
2.96
3.20
2.68 2/
2.78
2.78 37
1955 -January..
February
March
Treasury
bonds 1/
calendar year averages of monthly series
llkH
Monthly series
1953-Aprll
May
June
Moody's Aaa
corporate
April
May
June
July
August
,
,
September,
2.85
2.93 37
3.08
3.10
3.07
2.97
2.93
3.28
3.27
3.00
3.17
3.21
3.21*
3.28
3.U3
3.56
1957 -January..
February.
March
3.31*
3.22
3.26
3.32
3."*0
3.58 37
3.60
.
.
2/1/
.AVERAGE YIELDS OF LONG-TEEM BONDS.
iws
Treasury Bulletin
-INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousands of dollars)
Budget
receipts
from
Internal
revenue
1950
1951
1952
1953
39,448,607
51,106,095
+»91,»75
65,6311, 89k
+625,308
+484,439
+364,672
70,170,97'*
195".
70,299,652
19?5
1956
1957
66,288,692
75,109,083
,171,971
1957 -January...
February..
March
11, 950, 018
April
May
June
August. .
September
3,305,723
6,259,360
7,851.743
October...
3,514,349
.
66o,U09
-3,566 57
4,881,437
7,276,135
5,807,067
7,548,695
12,328,919
July
Adjustment of
collections
to budget
receipts 1/
Capital
stock
tax 6/
Total
collections
reported by
Internal
Revenue
Service
38,957,132
50.445,686
65,009,586
69,686,535
69,934,980
66,288,692 4/
75,112,6U9 jy
80,171,971
I.,
-1,818
+1,818
Inoome and
profits
taxes
10, 851., 351
Ik, 387, 569
21,U66,910
7,264,332
9,907,539
U, 345, 060
21,59l»,515
33,738,370
37,254,619
21,51*6,322
37,921,311"
18,264,720
21,298,522
21,530,653
37,869,770
42,633,426
10,736,578
223,135
236,952
259,616
273,182
283,882
1*6,610,293
10,396,480
11,321,966
12,302,229
21,253,625 4/
24,015,676 5_/
26,727,543
5,339,573 4/
6,336,805
6,634,467
600,106 4/
634,323
616,020
279,986
32k, 656
330,034
3,442,506
5,868,238
3,559,680
2,190,990
781,162
846,819
2,652,835
4,280,924
5,899,229
4,659,900
3,166,584
1,027,230
1,768,123
1,097,891
4,787,465
2,838,144
83, 13
3 55, ".77
2, 301., 322
1,682,734
4,808,739
4,525,880
269,019
128,109
1,822,538
1.28,780
1,900,232
207,162
1.1.5,039
520,221.
7,51.6,877
502,081
12,328,919
6,722,1.61.
31*0,623
11,1*03,942
1,190,108
1955.
1956.
1957.
936,267
1,171,237
1,377,999
7,598,405
8,703,599
8,971,158
9,946,116
9,532,222
1,511
1,400
1,586
1,393,602
4,596,167
2,648,861
19,359
83,581
53,858
623
1,661,603
30,740
726
1*
75*
882
9,210,582 4/
10,004,195
10,637,544
Manufacturers
snd retailers'
Miscellaneous jj
2,219,202
2,546,808
2,549,120
2,780,925
2,797,718
1,328,464
1,380,396
1,565,162
1,654,911
1,580,512
4,050,738
**, 776, 395
4,856,876
5,510,280
5,153,992
84,648
93,107
84,995
90,319
90,000
2,245,182
2,840,690
2,824,409
3,358,797
3,127,465
1,720,908
1,842,598
1,947,472
2,061,164
1,936,527
2,742,840
1,571,213
1,613,497
1,674,050
4,781,843
5,501,333
5,92 *, 062
112,049
114,927
107,546
3,177,160
3,777,909
4,098,006
1A92.633
2,973,195
26,266
1,119,398
442,005
28, 30?
1,102,062
416,303
28,075
1,123,777
467,760
2,920,571.
March ....
120,236
91,859
131,449
855,662
874,133
931,271
186,014
196,509
230,574
150,989
132,239
138,188
87,152
1,240,494
260,023
April
M»7
June
194,468
160,915
101,655
811,645
964,846
874,594
213,709
242,546
256,719
133,089
160,711
141,501
"*3,529
1,305,962
197,175
125,969
128,541
99,367
955,411
965,264
921,758
243,922
241,403
260,055
1*>6,335
109,814
157,373
145,546
1,349,7'tO
1,088,041
322,620
159,417
140,776
October.
I 1*, 939
52,048
Documents,
etc. 1/
Total
.
40,242
269,886
10,166
Excise taxes
706,227
729,730
833,147
891,284
935,122
July
August .
September
21,165
82,796
49,861
"•,734,393
Estate and
gift taxes
1950.
1951.
1952.
1953195k.
1957 -January.
February.
Unemployment
Inauranoe
3_/
548,038
579,778
620,622
628,969
605,221
1.60,606
3, 514, 31*9
Old-age
and disability
Insurance
1,873,401
2,810,749
3,584,025
3,816,252
4,218,520
7,327,331
7,851,71.3
Individual
Income tax
vlthheld 3/
9,888,976
13,089,770
17,929,047
21,132,275
22,077,113
881,1.37
3,305,723
6,259,360
Individual
Inoome tax
not withheld %J
19,797,883
26, 621., 788
7,276,135
11,950,018
5,808,886
Individual Income tax and employment taxes
Corporation
Source:
Internal Revenue Servlco reports for detail of oolleotlona by type
of tax; dally Treasury statement for budget receipts from
Internal
revenue through the fiscal year 1952, and the monthly statement
of receipts and expenditures of the Government for receipts thereafter
(for
explanation of reporting baees In these publications, see page
II).
Certain detail by type of tax la available only from returns fllsd
with
the Internal Revenue Servloe. The figures shown include
collections for
credit to special aocounte for certain Island possessions, as
reported
by the Internal Revenue Service. Beginning with the
flsoal year 1955
they include the amounts of tax oolleoted in Puerto Rico
upon articles
of merchandise of Puerto Rlcan manufacture coming Into
the United States
Figures for 1954 have been revised to the same basis. Flgurss
for previous years Include only amounts oolleoted at ports of entry into
the
United States.
1/ Differences between the amounts of Internal revenue reported by the
Internal Revenue Servloe as collections for given periods and
the amounts
reported In Treasury statements as budget receipts for the
same periods
aros,e because of differences in the time when payments
were included In
the respective reports. Tax payment, are Included
In budget receipts
when they are reported as credits to the aooount of the
Treasurer of the
United States. Prior to July 195*>, they were Included In
Internal Revenue
Servloe coUeotlon reports after the returns to whloh they
applied had been
received In Internal revenue offices. Under procedure
begun In 1950 with
withheld income tax and old-age lneurance taxes and later
extended to railroad retirement taxes and many exolses, these taxes are
paid currently Into
Treasury depositaries and the depositary reoelpte. as evidence
of such
payments, sre attached to quarterly returns to the Internal
Revenue Service
Under this procedure, the payments are Included In budget
receipts in the
J
1,608,497
1,718,509
160,058
month In which the depositary receipts are Issued to the taxpayers. Revised accounting procedures effective July 1, 1954, extended the same
practice to Internal Revenue Service collection reports.
2/ Monthly figures include social security tit on self -employment Income which
Is levied and collected as part of the individual Income
tax beginning with
the taxable year 1951.
Fiscal year figures exclude this tax, on the basis
of estimates beginning 1952 (see footnote 3), and it is Included
under "Oldage and disability insurance."
i/ In Internal Revenue Servloe reports beginning January 1951, current collections have not been separated as to type of tax but the Veakdown shown for
fiscal years is based on estimates made in accordance with provisions of
Sec 201 of the Social Security Act, as amended (42 U.8.C. 401), for transfer of tax reoelpts to the trust funds (see "Budget Receipts snd Expenditures," Table 1).
4/ Beginning with the fiscal year 1955, collections shown Include undistributed
depositary receipts and unapplied collections. For exclee taxes these receipt
are Included in the total only. Total collections Include "Taxes not otherwise classified."
Budget reoelpts for 1956 were reduced by $3,566 thousand representing tax
5_/
oolleotlona transferred to the Government of Guam pursuant to the act approved
August 1, 1950 (64 Stat. 392), but this amount waa Included In collections
reported by the Internal Revenue Servloe. Beginning with 1957, such collections are exoluded also In Internal Rsvenue Servloe reports.
6/ Repealed for years ending tfter June 30, 1945. Beginning 1951, lnoluded
under "Miscellaneous excise taxes."
1/ Dstall Is reported by Quarters beginning with tne fiscal year I956.
January 1958
4<l
.INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS
DOLLARS
Billions
Billions
Billions
Individuol Income Tax and
.
Employment Taxes*
1943
:
Corporation Income
and Profits Taxes
45
'47
49
..
.
50
Treasury Bulletin
.MONETARY STATISTICS,
Table 1.- Money In Circulation
(In millions of dollars except ae noted)
Total
money in
clrcula-
tlonl/
1950
1951
1952
Total
paper
25,661
26,231
Sold
certificates
Silver
certificates
2,177
2,092
Federal
Reserve
notes
27,3'>8
195">
29,086
30,125
29,922
28,359
28,127
321
318
318
318
320
25,609
25,385
1955
1956
1957
30,229
30,715
31,082
28,372
28,767
29, 0U0
318
321
25,618
26,055
26,329
1957-January..
February.
March
30,611.
30,575
30,585
28,623
28,582
28,585
April
May
June
30,519
30,836
31,082
28.U99
28,807
29,040
July
August.
September
30,933
31,133
31,073
29,001*
October.
November
31,090
31.661
29,007
29,562
1953
1956 -December.
.
29,763
28,883
29,073
2,033
2,039
2,065
30ll
22,760
23,1.56
2U ,605
.....
, .
8
7
.
January 19 J
51
.MONETARY STATISTICS.
Table 2.
Monetary Stocks of Gold and Silver
(Dollar amounts In millions)
Ratio of silver
to gold and
silver in
monetary stocks
percent)
( in
End of fiscal
year or month
21i,230.7
1950
1951
3,671.5
3,718.5
3,768.5
3.81U.3
3,863.1
13.2
1U.6
13.9
3.922.
15.3
15.5
195">
21,755.9
23,3 l>6.5
22.U62.6
21,927.0
1955
1956
1957
21,677.6
21,799.1
22,622.9
3,99 '.5
1..116.6
1956-December.
21,9 »9.5
ii,06ii.l
1957-January
February.
March.
22,251.5
22,303.6
22,305.8
U,07k.9
it,08l.2
U, 087.1
15-5
15.5
15-5
April
May
22,318.1
22,620.3
1952
1953
-•
.
l
i
.
.
.
*
1
1">
.5
15.0
15A
U,09U.li
15.5
U.096.8
U,ll6.6
15.3
22 ,622 .9
July
August.
September
22,626.9
22,626.2
22,635.5
127 .6
U.151.6
U.163.2
October.
November
22,690.8
22,763.2
U,17l..l>
.
.
culatlon statement of United States Money.
onetary stock see Table
15. 1.
it,
It,
15.5
15.5
131.6
For detail of
It
Table 3.-
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities:
End of calendar year
Gold certificates,
Gold assets
etc. 1/
1,052.6
1,032.9
195"t
22,706.1
22,695.5
23,187.1
22,029.5
21,712.5
1955
1956
21,690.1i
21,9119.5
1957-January .
February.
March ....
22,251.5
22,303.8
22,305.8
21,750.5
21,815.1
21,815.3
501.1
22,318.1
22,620.3
22,622.9
21,823-6
22,120.7
22,133.2
U9U.5
July
August.
September
22,626.9
22,626.2
22,635.5
22,1311.7
October.
November.
22,690.8
22,763.2
1950
1951
1952
1953
April
May
.
Source:
Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and in Federal Reserve
Banks; (2) gold certificate credits in (a) the gold certificate fund-
21,653-5
21,662.5
22,178.8
21,5"»5.7
21,223-5
U89.O
li91.2
1191.2
1.88.6
190.5
li99.5
1*89.7
22,127.2
22,131.1
504. U
'•97.
I192.U
Board of Governors Federal Reserve System, and (b) the redemptio
fund - Federal Reserve notes; and (3) reserve of $156.0 million
against United States notes and Treasury notes of 1890.
,
.....•
7
.
.
52
Treasury Bulletin
.MONETABY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held In Treasury
Securing silver certificates 1/
Silver
bullion 2/
In Treaaurer*a account
Subsidiary
coin 3_/
Bullion for
oinage */
Sliver
dollara 1/
1952
1953
195*
2.0U0.7
2,073.5
2,109.7
2,1U0.8
2,171.1
1955
1956
.It
17.6
2,208.9
62.9
1950
1951
2, 19*
312.8
301.0
289-3
278.3
267.6
3.6
1.7
3-9
95.1 2/
82.0 2/
6.3
30.7
11.0
1.8.0
l<5.3
Subsidiary
coin 3_/
Total
silver
at $1.29*
per fine
179.8
191.3
202.5
213.2
223.1
1,022.2
1,083.1
1,158.1
1,213.1
1,21.2.7
3,697.1
3,7*1.3
3,79*.l
3,837.0
3,886.6
235.*
252.2
1,283.2
1,338.2
3,930.1
*,06U.l
1957-J»nuary.
February.
March
2,209.1
2,209.1
2,209.1
66.0
66.9
253.5
253-8
2314.
15.8
61.. 9
25*. 5
1,338.8
1, 3*1.0
1,3*5-1
*,
April
Hay
June
2,209.1
2,209.1
2,209.1
232.9
230.8
229.2
20.0
17.8
6U.2
61.*
17.3
70. 1.
255-5
257.6
259.2
1,350.2
1,360.5
1,365.1
*,096.8
*,116.6
2,209.''
227.7
225.0
222.8
13-3
7.5
8.2
85.2
89.O
260.7
263.*
265.5
1,372.9
1,382.6
1,385.5
90.3
92.9
267.I
268.9
1,389.5
*,17*.*
1,397.0
*,
.
July
August. .
September
.
2,210.2
2,211.3
235.1
23*.
October.
November.
.
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce
Includes silver held by certain agencies of the Federal Government
Source:
1/
2/
7* .3
087.1
U.09I..U
*,127.6
*,151.6
*,163.2
181.6
Valued at $1.38+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion la held for recolnage of subsidiary
silver coins or for recolnage of etandaxd eilver dollars.
Less than $50,000.
8
...
5
7
77
5
3
January 1958
.MOHETABY STATISTICS.
Table 5.- Seigniorage on Sliver
(Cumulative from January 1, 1935
-
In mllllona of dollars)
Sources of seigniorage on Oliver bullion revalued l/
Seigniorage
on coins
(silver and
minor)
Misc. silver
(lncl. silver
bullion held
June lit, 1934)
Newly mined
sliver (Proo.
levly mined
silver (Acts
July 6, 1939,
Dec. 21, 1933)
July 31, 19*6)
1935
1936
1937
1938
1939
,
18.5
48.7
46.1
63.7
69.5
91.7
1*8.7
U8.7
1*8.7
1*8.7
122.2
182.1
1*8.7
19>>3
245.7
299.6
1944
362.3
1*8.7
1*8.7
1*8.7
63.6
65.3
65.4
1945
1946
19k 7
1948
429.5
•91.9
520.5
559.2
578.7
U8.7
U8.7
65.5
66.5
1*8.7
1*8.7
1*8.7
84.6
93.5
1940
1941
1942
,
19>*9
596.6
642.3
694.2
742.2
792.9
807.0
839.6
1950
1951
1952
1953
1954
1955
1956
7"».
101*.
111* .6
125.U
13!*.7
11*3.8
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Total
seigniorage
on silver
revalued
31*.
326.2
27I*. 9
31*.
1*22.1
397.5
31*.
1*57-7
3l».
530.7
31*.
503.1
616.0
705.6
758.8
950.6
31*.
759.1*
580. 1*
3"*.
799.7
584.3
31*.
581*.
31*.
584.3
3"*.
701.6
832.1
832.1
832.2
833.6
3"*.
833.7
833.7
833.7
833.7
833.7
833.7
833.7
7
820.7
1,109.3
1,119.2
1,130.0
1,139.3
111.7
81.9
57.2
3* .7
31*.
31*.
34.7
34.7
31*.
-9
1.1U8.I*
6.6
1,155.1*
14 .3
3^-7
1,159.8
50.0
3"*.
1,159.8
1,159.8
1,159.8
53-1
53.5
52.6
1,159.8
1,159.8
1,159.8
1*9.3
59.2
67.3
70.5
71.8
1*8.7
155.3
155.3
155.3
833.7
833.7
833.7
April
May
June
856.3
862.6
866.2
1*8.7
1*8.7
155.3
155.3
155.3
833.7
833.7
833.7
3"*.
July
August
September
867.
1*8.7
873.0
877.6
1*8.7
833.7
833.7
833.7
34.7
1*8.7
155.3
155.6
155.9
3*. 7
1,159.9
1,160.2
1,160.5
October .
883.0
1*8.7
156.2
833.7
3"*.
1,160.7
2/
3"*
3"*.
1*8.7
Source: Bureau of Accounts.
l/ These Items represent the difference between the cost value and the monetary
value of silver bullion revalued and held to secure silver certificates.
11*6.8
129.9
127.2
31*.
842.3
845.4
850.6
.
1,055.8
1,039.0
1.0U8.2
967.3
717.3
333.2
161.2
3"t.
1957-January .
February .
March
1*8.7
51*1.6
938.1
1,069.6
1,077.6
1,087.8
1,098.1
31*.
150.8
155.2
.
Potential
seigniorage on
sliver bullion
at cost In
Treasurer's
account 2/
226.2
302.7
366.7
562.7
U8.7
1*8.7
1*8.7
1*8.7
1*8.7
1*8.7
1*8.7
Sliver Purchase Act
of June 19,
1934
3"*.
34.7
31*.
3*. 7
3"*.7
51.4
56.0
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
5^
Treasury Bulletin
.CAPITAL MOVEMENTS.
Data relating to capital movements between the
United States and foreign countries have been colleoted
since 1935, pursuant to Executive Order 6560 of January 15,
193M-,
Executive Order IOO33 of February
8,
As a result of changes in presentation
Introduced In that Issue, not all breakdowns previously
pages 45-47.
published will be exactly comparable to those now presented.
19^9, and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
oountrles, of data on short-term banking liabilities to
Supplementary Information Is
In the "Treasury Bulletin."
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and Industrial
and commercial concerns In the United States are made
and claims on foreigners and transactions In long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Initially to the Federal Reserve Banks, which forward
Section IV provides supplementary data In five tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonflnanclal concerns, Is published quarterly In the January,
Beginning April 195 *,
data reported by banks In the Territories and possessions
of the United States are included In the published data.
consolidated figures to the Treasury.
1
April, July, and October Issues of the Bulletin.
The term "foreigner" as used In these reports covere
all Institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, 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 195^ Issue of the "Treasury Bulletin,"
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table 4, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking Institutions, Is presented annually In the April Issue.
et outflow of capital from the United States)
Analvsls of not capital movement
Set
capital
movement
Changes In liabilities to foreigners
Short-term
2,
and dollar holdings of foreign countries and International
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative flgu
Table
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
9
7
.
k
7
k
5
7
6
k
3
k
January 1958
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Poaltloo at end of period in millions of do live)
Short-term liabilities to foreigners
Payable In dollare
Payable In
foreign
Other
currencies
foreign
Short-term claims on foreigners
Payable In dollars
Loans to
foreign banks
W»5
k,205.k
5,37k.
5,596.8
6,883.1
19A6
6,kfl0.3
2,2kk.k
3,320.3
3,335.2
k,179.3
3,Ok3.9
19*7
19*8
19*9
1950
1951
7,ll6.k
7,718.0
7,618.0
8,6U..8
9,302.2
1,832.1
2,836.3
2,908.1
3.620.3
3,5k7.6
2.972.7
2,9k7.0
3,001.0
3,k51.7
k, 0*1.2
2 ,262 .0
1,86k.
k9.7
1.657.8
1,527.8
l,6kl.l
51.0
kk.9
72.2
968.
177.2
k90.6
557-1
k9k.3
506.3
699.
10,5k6.1
ll,6U8.k
12,918.6
13,600.7
Ik, 939.1
k.65k.2
5,666.9
6,770.1
6,952.8
8,0k5.k
k,2k5.6
k,308.k
k,335.k
k,726.5
5,392.8
l,58k.9
l,629.k
1,769.9
1,881.1
l,k52.1
61.
l,0k8.7
k3.7
k3.2
ko.3
k8.8
90k.
1,386.5
l,5k8.5
l,9k5.7
122.9
156.5
206.5
328.1
k05.k
8k7.5
6k6.5
969.O
1,056.5
1,390.8
15,015.7
Ik, 770.
Ik, 560.1
7,760.5
7,550.7
7,5k9.5
?,k01.r
5,k8k.k
5,385.6
1,808.6
1,681.0
1,558.1
kk.9
66.8
2,038.3
2,059.8
2,150.1
k39.3
k07.0
k2k.8
l,k3k.5
l,k5k.l
1,528.0
April
May
June
lk,kk7.7
lk,8lk.5
lk,8k2.8
7,808.5
7,8l0.k
7,9kl.6
5,220.8r 1/
5,2k5.9
5,262.
1,358.2
1,700.0
1,572.5
60.2
58.2
66.2
2,lk0.9
2,17k.O
2,202.2
k36.1
k57.2
kk7.3
1,521.1
1,512.6
1,560.9
July
August p...
September p
Ik, 810.9
Ik, 883.
Ik, 827.2
7,802.6
7,606.2
7,633.0
5,399.3
5,576.8
5,609.3
l,5k5.3
l,635.k
1,512.2
63.7
2, 13k.
65.
72.7
2,l86.k
2,158.7
k26.0
k33.7
kOO.O
1,537.1
1,590.9
1,600.7
7,909.9
5, 77k.
1,516.5
62.6
2, 25k .2
398.6
19*2
19*3
19kk
1952
1953
195k
1955
1956
1957-January
February .
March
.
October p..
1/
l,9k7.1
2,036.7
2,239.9
2,678.2
2,922.0
k73-7
1/
13-9
17.9
21.6
25.5
k0.6
2k6.7
257-9
329.7
392.8
708.3
105. k
9U8.9
1,018.7
827.9
898.0
292.9
361.2
222.7
151.1
70.
5k.
lk3.7
137.2
169.7
2k5.0
290.5
72.0
86.k
100.3
319.6
Beginning In August 1956 and again In April 1957, certain accounts
prevloualy classified as "Other foreign" are Included In "Foreign official.
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflov of capital from the United States)
56
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Calendar year
January 1958
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners^
(Position at sod of period In millions of dollars)
8
6
:
5S
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
II -
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Position at end of period In mllllona of dollars)
Calendar year
1954
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
.4
13.0
6.2
,
10.6
30.5
,
,
,
,
24.3
2.7
17.9
Yugoslavia
Other Europe
Total Europe
Latin America:
Argentina
Bolivia
Braz 11
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands w. Indies a
Surinam.
Panama, Republic of
Peni
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of
Philippines
Talvan ( Formosa )
Thai land
Other Asia
Total Asia
Other countries:
Australia
Belgian Congo
Egypt
Union of South Africa
All other
Total other countries
International
Grand total
7.1
10.8
125.1
22.6
56.9
51.2
1.9
4.1
92.9
2.6
It
.6
20.2
8.2
3.7
Ul.
19.3
472.7
2.6
3.1
3.7
.8
13.8
22.9
25.6
1/
5.8
5.5
6.1
24.7
111..
8.0
6.3
2.1.
7.8
1956
July
January 1958
bs
.CAPITAL MUVBffiNTS
Table 3.
.
Section II - Summary by Countries
Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousand o of dollars; negative figures lndloate net salsa by forelgnera or a net outflow of capital from the united States)
Calendar year
Country
195*
lurope:
Austria
'-,813
-581
2
1,800
963
Belgium
Cxeohoalovaxia
Denmark
Finland
France
Germany, Federal Republic of..
Greece
-41,668
183
21
Italy
-48l
•21,319
Rather lands
lorvay
Poland
Portugal
Rumania
Spain
-4,542
4,06p
4,869
-22
393
1,582
16,992
-148
-101
-616
-34,339
1,464
-98
-925
Sweden
Switzerland
Turkey
u.s.s.s
United Kingdom
-521
57,086
-45
-8
September p
1956
-2,903
13,311
-28
-98
1,923
768
25,355
118
-1,196
-1,685
8,761
811
-6,89k
-120,635
6,596
-51*
k22
-k2,k27
17,695
•7,580
39
2,261
-361
663
-975
145
2
-173
3,066
1,993
120
36
115
10,967
352
2,546
37,977
651
8,516
13,668
-259
6
1,603
522
431
1,001
-296
246
-1,00k
47
147,487
3*6
233,939
69,766
96,025
7,659
-14
-1,373
-18.
-186
5,374
120
10,3k0
Total Europe
62,323
138,928
imam
-938
202
•13
1,979
930
108
1,110
3,782
1,460
Aala:
China Mainland
Hang Kong
India
Indonea la
Iran
•
Korea, Republic of
Philippines
Taiwan (Formosa)
-474
84 ,255
265
-1,267
62k
53,677
-53
-lkl
2,128
-1,654
27,151
-34,091r
-5
135
-2,150
-28
-4,571
17,060
53,606
-78,061
-1,244
21
3,214
-80
2,778
-26
-627
1,014
67,736
-59,003
42,407
-1,657
5,486
-26,982
-21,574
-6,777
3,066
244
73
•92
1,832
-153
134
16
76
9
94
-124
-424
318
359
207
-3k
2,260
1,69k
65
9,087
778
863
84
•C9
4,723
27
-234
23
-37
540
-68
796
37
320
-197
103
-605
^81
69
-148
1,190
3,903
-1,948
148
-333
87
542
-1,789
-1,654
1,427
-1,385
-277
653
-979
94
59
1,411
-245
479
448
111
-30
391
1,443
3,041
3,016
80k
-157
198
669
7,445
1,055
133
24,859
113,179
76,166
33,859
4,386
1,457
1,766
-153
-1,432
141
-49
-57
-kok
5,393
-kok
-7k8
-kl
688
5,300
789
15,140
20
153
5,524
49
-14,777
117
945
-8
11
-10
-30
-1,191
58
231
-785
1,751
706
1,096
15
-75
-1,249
8
154
9*5
207
-547
-438
-1
-94
3*3
1/
-179
853
Thailand
Other Aala
-180
877
Total Asia
70
-550
1,063
2k 1/
-1,079
-k20
-lkl
12
3,724
3,769
-26k
758
254
4,857
6.048
3, 451
29,121
-l,lk6
123
-903
-222
210
5*1
2,326
Total other countries
-889
3,225
-541
6l»
-1,031
107
938
-3
-143
382
101
7
-7
-28
-10
154
769
-776
654
3»9
99
1*
32
128
6,56k
-213
35
287
4,114
30
428
-63
4,381
488
358
24,706
International
22,7*1
77,730
-20,561
81,745
Grand Total
11,513
U9.318
685,232
156,351
lot reported separately prior
362
6,962
-3,137
Other countries:
Australia
Belgian Congo
IgTPt
union of South Africa
All other
1/
-197
6,696
-7
13,339
-119
-ko
6,k03
3,6k 9
8,025
3,450
Total Latin Amerloa
Israel
Japan
-187,195
1,138
119
638
1,115
-1,519
19,385
-1,029
-1,170
-886
873
I, Republic of
Peru
SI Salrador
Uruguay
Venezuela
Other Latin America
161,019
-120,617
-41
-113
2,814
-7
71,258
Latin Amerloa:
Argentina
Bollria
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
letherlaaas H. Indlea 4
706
179
2,216
188
68
293
1,228
Tugoalarla
Other lurope
Canada
381
-557
-59
-287
73,402
1,416
26k, 825
-1,098
6,202
-36,ll4r
96
36
152
865
-83
688
78,057
-84,792
-6,790
October p
.. .
.
..
6o
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital frog the Unite* States)
Calendar year
1957
Country
1953
Europe:
Austria.
..
.
195">
-587
-6,985
...
Belgium
Czechoslovakia
Denmark
Finland
12,00k
2U7
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Norway .
Poland .
Portugal
Rumania.
Spain
.
-k ,670
3,lk3
-6,091
1,280
1,351
3,991
-8k,8kl
Latin Amerlc
Argentina.
BollTla...
Brazil
Chile
Colombia.
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies &
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total Latin America.
July
May
-58k
5,955
-3,983
l,k7k
16,725
19,000
1,36»
1,027
60k
2,0k8
10,337
2,k58
1,783
1,065
3k9
-2k ,275
-992
-2 ,8lk
-20,090
-23k
28k
-1,631
-k87
-1,332
33,620
k95
19,59k
-197
Ik ,233
-85
121
2,807
l,6k2
96,259
-9,119
-k5,523
8,kik
996
-137,761
•133,17k
7k, 15k
-kk7 162
-83,505
-17,891
7,189
1,562
l,2k5
5,5kO
-1,558
118
5,763
3,621
1,058
5kl
-167
1,586
-Ilk
22k
652
3,089
-1,007
127
5,35k
5,311
211
-351
6,031
6,k69
515
k35
237
3,356
5,065
1,322
-1,186
-39k
k87
1,798
-1,871
-861
2,875
207
2tfe
390
-8k
2,721
k25
-1,220
-59,218
1,131
Total Europe
Canada
1956
25,57k
1,179
.
Sweden
Switzerland. . .
Turkey
U.S.S.R
United Kingdom.
1955
501
5k
51
-323
31*0
2,137
1,633
U96
6,299
3k, 599
32,760
,
-115
-16
k6
523
228
9,07k
8,067
-97k
9
608
20
78
580
-k3
-2 ,055
-l,8k3
18
-5,55k
23,506
13
-3
-5k3
kOl
-167
9,611
sla:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republli of.
Philippines
Taiwan (Formosa)
Thailand
Other Asia
56
2,358
IkO
136
25
-38,172
U,038
i/
281
»3k
101
Total Asia
5,125
-18k
139
-Ik
-39,992
6,232
-1/
-133
k36
18k
129
3,205
-331
lk3
19
-kl,736
601
-53,088
2k5
k50
220
-l,9k9
358
-2,387
-211
-657
-11,272
-3k,lk9
-k8,T25
-19
-21,796
-3k3
-3 ,619
-5k
-39,962
Other countries:
Australia
Belgian Congo
13,697
Egypt
union of south Africa.
All other
-5,107
k,956
-5,6k7
1,722
Total other countries.
25,813
7,810
International .
Grand total...
-61,236
k69
6,805
183
-I6,k28
13,936
-26,53k
-33,130
-30,k2k
-511,08k
56
1,65k
August p
September p
October p
January 1958
.CAPITAL MOVEMENTS.
Sectl on III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of November
.30,
1057
62
Treasury Bulletin
.CAPITAL MOVEMENTS.
Table 2.
Section III - Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of October 31, 1957
(Position la thousand* of dollars)
..
)
January 195'8
.CAPITAL MOVEMENTS.
Section III
- Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during October 1957
(
In thousands of dollars
Purchases by foreigners
Domestic securities
U.S.
Total
purchases Government
bonds and
notes
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
780
6,279
1,1.83
8
France
Germany, Federal Republic of...
Greece
Italy
Netherlands
Norvay
Poland
Portugal
Rumania
Spain
7,380
76,717
138
1,367
837
1,681
10,11.9
958
659
262
•3
133
6,U09
5,".8o
7»5
SvlUerland
1.2,599
1,857
3,969
20
29,297
Turkey
U.S.S.R
United Kingdom
39,3">0
Sweden
Yugoslavia
Other Europe
Total Europe
13
11,9»3
1
,
1
2,026
1,127
51,990
,
Canada
2,765
Latin America:
Argentina.
Boilrla.
Brazil
Chile
Colombia.
376
136
5*5
.
1.16
155
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies L Surinam
351.
Panama, Republic of
119
2,21.0
Peru
II Salvador
Uruguay
Venezuela
Other Latin America
2
33
1,917
509
3,836
238
90
2,01.9
11»
15
Total Latin America
3,050
521
1,1.60
Asia:
China Ha Inland.
Hong Kong
India
Indonesia
Iran
Isrsel
Japan
Korea, Republic o
Philippines
Taiwan (Formosa).
8,155
Other countries:
Australia
Belgian Congo
Egypt
Union of South Africa.
All other
11.6
1,833
1,705
Total other countries.
International
6,»51
899
Treasury Bulletin
61
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table I.- Short-Term Liabilities to and Claims on Foreigners Reported by Nonflnanclal Concerns
(Position at end of period in thousands of dollars)
1/
January i95S
65
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The financial statements of corporations and certain
Four kinds of financial statements are called for by
other business-type activities of the United States Govern-
Department Clroular No. 966. They are statements of
financial oondltion, Income and expense, source and
ment which appear In the "Treasury Bulletin" beginning with
the August 1956 Issue are complied from reports submitted
to the Treasury under Department Circular No. 966, Issued
January
30,
1956, and Supplement No. 1,
Issued June
1,
1956.
The regulations so Issued are pursuant to Seotlon ll>* of
the Budget and Aooountlng Procedures Act of 1950(31 U.S. C.
66 b), and represent another step In the program of comprehensive and integrated Government accounting and financial reporting for which authority was provided In that
aot.
They supersede Budget-Treaeury Regulation No.
3,
Issued under Executive Order No. 8512 of August 13, 19>K),
as amended by Exeoutlve Order No. 90SM- of Maroh 3, l$kZ.
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
included in the Government Corporation Control Aot, as
amended (31 U.9.C. 846, 856); and all other activities
of the Government operating as revolving funds for whloh
business-type public enterprise or lntragovernmental fund
budgets are required by the Bureau of the Budget. Other
activities and agencies whose operations, services, or
functions are largely self-liquidating or primarily of
a revenue-producing nature, and activities and agencies
whose operations result in the accumulation of substantial
Inventories,
investments and other recoverable assets,
may be brought under the regulations as agenoy aooountlng
systems are developed to the point where they are oapable
of furnishing the financial reports required.
application of funds, and certain commitments and contin-
gencies.
All Of the financial statements required by
the Circular are preeented in the Bulletin.
The statements
of financial condition are published quarterly and appear
The first data under
the new regulations are for Maroh 31. 1956, and were
presented in the Auguet 1956 Bulletin. Statements of
Income and expense and souroe and application of funds
are published semiannually, and appear as Seotlons II and
III. The flret of these statements under the new regulaas Seotlon I In the series of tables.
tions oover the fiscal year 1956, and were published In
the January 1957 Bulletin.
Certain commitments and
contingencies will be added on a semiannual basis for a
subsequent date.
Within the seotlons, the agencies are
grouped in separate tables by type, as follows: public
enterprise funds, lntragovernmental funds, certain other
aotlvltiee. deposit funds, and trust revolving funds.
Supplement No. 1 added to the ooverage by Including
all executive agencies and aotlvltiee not reporting under
Department Clroular No. 966, but required only a statement
of financial condition annually as of June 30. These are
mainly not business-type activities, and those which had
not yet developed formal aooountlng procedures to provide
balance sheet statements were authorized temporarily to
report only the asset side. The first comprehensive reporting under Supplement No. 1 is for June 30, 1957, and
the data were published in the Deoember 1957 lesue of the
Bulletin as Part B of Table 4.
Treasury Bulletin
66
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
- Income and Expense for the Twelve Months Ended June 30, 1957
Table 1.- Summary for Specified Classes of Activities
(In thousands of dollars)
Account
January 1958
Treasury Bulletin
68
CORPORATIONS ANP
(7KFTA.TN
OTHER
B0STIIE8&-TTIPH flur±ViTUi!t>
,
,
January i95S
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II - Income and Expense for the Twelve Months Ended
June 30, 1957
Table 2.- Public aiterprlse Revolving Funds - (Continued)
(In thousands of dollars)
Small Business
Administration-( Continued)
Small
defense
plants
activities
Liquidatio
of RFC
disaster
Tennessee
Valley
Authority
United States
Information
Agency
Informational
media
guaranty
fund
Vete
Administration
Canteen
Direct
revolving
veterans
and reserves
INCOME AND EXPENSE
Sales of goods and services..
Interest:
On public debt securities..
Other interest Income
Guaranty and insurance premiu
Other major income items
Other income
131+
Total income
131+
Expense:
Direct cost of goods and services sold:
Coat of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work- in- process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury.
Other
Other major expense items
,
Miscellaneous expense
Total expense
22 ,316
k ,1+33
1,699
6,199
156,11+1
3,633
i+4,ai+9
2,687
11,513
511+
12 ,027
Other gains
losses (-):
Charge- off s
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other.
Total other gains
-58
losses (-).
Net income, or loss (-), before change in
valuation allowances
Increase (-)
decrease, in allowances
for losses:
Allowance for losses
loans ....
Allowance for losses
acquired
or collateral
Allowance for losses on fixed assets.
Allowance for losses on inventories..
Other
,
Net increase (-)
or decrease, in
,
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
prior years
Net income, or loss {-) , transferred to
accumulated net income, or deficit (-).
1+8,94-1
12/
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year....
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period.
Footnotes at end of Section
m
188 ,670
-606
8,163
1+8,91+1
-1,71+9
937
237,612
(Continued on following page)
Treasury Bulletin
70
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
-
(Continued)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
- Income and Expense for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
72
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II - Income and Expense for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the
Administrator( Continued)
Community
disposal ope:
tions fund
Management and
liquidating
functions
Special
assistance
functions
Federal
Housing
Administration
ilture Department
Public
Housing
Administration
Commodity
Credit
Corporatio
INCOME AND EXPENSE
Income:
Sales of goods and services
Interest!
On public debt securities
Other interest income
2,912,430
11,652
6,093
135,314
Guaranty and insurance premiums
Other major income items
Other income
Total income
153,647
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-)» or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the 0. S.
Treasury
Other
Other ma j or expense items
Miscellaneous expense
33
1,834
39,905
14,259
10,906
3,128
5,037
2,978,287
795
1,017
9,997
90,635
7,606
380
29,630
317
Total expense
62,728
671
1,237
1,876
335,235
2,378 14/
142,666
3,741
66,953
Other gains* or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
-1
Total other gains, or losses {-)
Net income, or loss (-)
valuation allowances
3,128
,
-34,342
before change in
-1,7^4, ^4
2,457
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
„
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
-13,924
-133,186
Net increase (-) , or decrease, in
allowances for losses
Net income, or loss (-), for the period
Charges {-) , or credits, applicable to
prior years
Net income, or loss (-) , transferred to
accumulated net income, or deficit (-)
35,071
2,445
58,639
189
2,445
-134,983
-1,947,484
25
4,594
76,710
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
-97
-465
35 ,071
-488,774r
-134,957
-4,698,998
-1,942,890
929,287
2,445
(Continued on following page)
January 1958
™w
7^
January /9J8
.CORPORATIONS AMD CERTAIN OTHER BUSTNESS-TTPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30,
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
76
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thouaandB of dollars)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
Section
II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
Treasury Bulletin
7S
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
-
(Continued)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II - Income and Expense for the Twelve Months Ended June 30, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Account
so
January
/V5<S
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 4.- Certain Other Activities
(In thousands of dollars)
Treasury Bulletin
82
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 4.- Certain Other Activities - (Continued)
(In thousands of dollars)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Treasury Bulletin
gu
.COKPOEATIONS AND CERTAIH OTHER BUSIHESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Twelve Months Ended June 30, 1957
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
January 1958
S5
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Section II
- Income and Expense for the Twelve Months Ended June 30, 1957
Table 6.- Certain Trust Revolving Funds - (Continued)
(In thoumnds of dollar*)
Defense Department
Army Department
United States Soldiers
Home revolving fund
Justice Department
Commissary funds
Federal prisons
INCOME AND EXPENSE
Income
Sales of goods and services
Interest:
On public debt securities..,..
Other interest income
Guaranty and insurance premiums.
Other major income items
Other income
Total income.
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease! in:
Work- in-pro cess
Finished goods
Other operating expenses
1*317
210
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed
Gain, or loss (-) , on sale of other
Other
i
i
Total other gains, or losses (-)....
Net income, or loss (-)
valuation allowances
»
before change in
Increase (-) » or decrease) in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-) , or decrease* in
allowances for losses
Net income, or loss (-) » for the period....
Charges (-) » or credits, applicable to
prior years
Net income, or loaa (-) , transferred to
accumulated net income, or deficit (-),...
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year..,
Net income, or loss (-)
Capital transfers of earnings
to the U. S. Treasury (-)...
Other
Balance at end of reporting period.
Footnotes at end of Section III.
5^8
54
Treasury Department
United States Coast Guard
Federal Pris
,
Commuted ration
mess fund 26/
Treasury Bulletin
S6
.(X)RK)BATIONS AHD CERTAIN OTHER BOSIHESS-TTEE ACTIVITIES.
Section III - Source and Application of Funds for the Twelve Months Ended June 30, 1057
Table 1.- Summary for Specified Classes of Activities
(In thousands of dollars)
Account
January 1958
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
Export-Import Bank of Washingto
Atomic
Energy
Total 1/
Foreign
investment
guaranty
Defense
productio
guarantee
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
3
M7 .822
198,202
-
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public...
Income
Decrease in selected working capital.
1 »639 ,402
5,246
28,390
6,339,889
58,588
Total funds provided by operations...
Net effect of operations on expenditures
(excess of funds applied , or provided (-))
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
D. S. Treasury
Other
1
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
6,324,430
72,377
44,488
111,745
Total funds provided by financing
,553.039
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U S Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
.
12,344
,
.
,
,
121,671
29 ,028
-3
,
,
Net effect of financing (excess of funds
applied (-) , or provided)
2 ,081 ,554
60 ,172
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances,
Total funds applied to financing
,728 ,013
4 ,580 ,372
2 ,304 ,767
39,128
140 ,498
264 ,250
2 ,748 ,642
,
,
-144
Regular
lending
activitie
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds
(In thousands of dollars)
-
(Continued)
Treasury Bulletin
90
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
January /9J S
(
.
Section III
-
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
92
.
Section III
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
January /9J<S
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
9*
.
Section III
-
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
96
.
Section III
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Eunds - (Continued)
(In thousands of dollars)
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 2.- Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
9a
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TTEE ACTIVITIES.
Section III
-
1957
Source and Application of Funds for the Twelve Months Ended June 30,
Table 3.- Intragovernmental Revolving Funds
(In thousands of dollars)
January 1958
Treasury Bulletin
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Health, Education, and Welfare Department
Defense Department
Office of
the Secretary
Air Force
Department
Working
Corps of
Engineers
capital
fund
Public Health Service
Service and
supply fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase i construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
9,162
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
1S3,A90
1,250,718
21,195
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and Issues of wholly owned Government
enterprises
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
21,000
,
36
,
12,363
,
Net effect of operations on expenditures
(excess of funds applied, or provided (-)).
FUNDS PROVIDED BY FINANCING
Increase in Investment of the U. S,
Government:
Appropriations enacted
Borrowings from the U. 3. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
,
,
,
Total increase In investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances.
,
,
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government!
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
,
,
,
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances,
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
Footnotes at end of Section.
3,870
1,168,SU
,
,
1,325
Narcotic
hospitals
Working
capital fund
January 1958
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 3.- Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletin
102
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30,
Table 4.- Certain Other Activities
(In thousands of dollars)
January 195H
103
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 4.- Certain Other Activities - (Continued)
thousands of dollars)
Treasury Bulletin
10*4-
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1957
Table 5.- Certain Deposit Funds
(In thousands of dollars)
Farm
Credit
Administrati
Banks
for
cooperativ
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
1 ,522 ,971+
32
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
83,012
4-8
,903
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
1,582,321
,
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-)).
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government:
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other
,
,
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances.
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S,
Trea sury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Trea sury
General and special fund revenues
deposited
Other
,
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances.
Total funds applied to financing
Net effect of financing (excess of funds
applied (-) , or provided)
Footnotes at end of Section.
81 ,323
199 ,463
6,110
Federal
Deposit
Federal Home
Loan Bank
Board
Federal home
loan
banks
January 1958
.CORPORATIONS AND CERTAIN OTHER BOSINESS-TYRE ACTIVITIES.
Section III
Souroe and Application of Funds for the Twelve Months Ended June 30, 1057
Table 6.- Certain Trust Revolving Funds
(In thousands of dollars)
)
:
Treasury Bulletin
106
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III - Source and Application of Funds for the Tweive Months Ended June 30, 1057
Table 6.- Certain Trust Revolving Funds - (Continued)
(la
*
Ii
of dollan)
Defense
Department
Justice
Department
Army
Department
Federal Prison
System
united States
Soldiers' Home
revolving fund
Commissary
funds, Federal
prisons
Treasury
Department
Commuted
ration mess
fund 26/
FUNDS APPLIED TO OPERATIONS
Acquisition of asaeta:
Loans made
Cost of security or collateral acquired,.
Purchase, construction, or improvement of
fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
1,609
FUNDS PROVIDED BY OPERA TIOHS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sals of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
1,640
2_
1,642
Net effect of operations on expenditures
(excess of funds applied, or provided (-)
FUNDS PROVIDED BT FINANCING
Increase in investment of the D. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury,...
Capital and surplus advances from the
U. S. Treasury
Other
Total increase in investment of the U.
Government
Increase in other borrowings
Decrease in investment holdings
,.
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO
FINANCING
Decrease in investment of the 0. S.
Government:
Appropriations lapsed, rescinded, or
transferred
,
Repayment of borrowings from the U. S.
Treasury.
Repayment of capital and surplus advances
from the U S . Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
,,,
Other
.
Total decrease in investment of the U. S.
Government.
,
m
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to finanoing
Net effect of finanoing (excess of funds
applied (-) , or provided)
Footnotes on following page.
_22_
.
January 195H
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections
1/
Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I,
19/
lable 2.
2/
2/
ij
5/
6/
2/
8/
2/
10/
11/
12/
13/
14./
15/
16/
Federal Civil Defense Administration, civil defense procurement fund,
shown on page 70 of the December Bulletin did not have any net income
or expense during the fiscal year 1957.
In accordance with the Farm Credit Act of 1956, approved July 26,
1956 (70 Stat. 659), effective January 1, 1957, the operations of the
Federal intermediate credit banks, formerly shown under this heading,
are classified as trust revolving transactions and are shown in Table
6 of this Section (see footnote U) .
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (70 Stat. 659). Figures
in this column represent transactions of the corporations during the
first six months of the fiscal year 1957.
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 71 of the December Bulletin, did not have any income or expense during the fiscal year 1957.
Figures in this column are shown on a tentative basis.
Represents interest on the net direct investment of the Government in
this Corporation (see footnote 6).
Represents interest on funds advanced to the Administration by appropriations,
Interest and other expenses during the construction period are
capitalized.
The net loss has been transferred to deferred and undistributed
credits.
Transferred to the Federal intermediate credit banks (see footnote 4)
Represents net income of $58, LU. thousand from power operations, and
net loss of $9,202 thousand from non income -producing programs during
the fiscal year 1957.
Includes operating and administrative expenses.
Includes $2,375 thousand interest expense on capital stock.
Upper Colorado River Basin fund, shown under this heading on page 78
of the December Bulletin, did not have any income or expense during
the fiscal year 1957.
Represents interest on advances from appropriations and on paid-in
capital.
17/
20/
21/
22/
23/
24/
25/
26/
27/
29/
1957.
accordance with Executive Order No. 10720 dated July 11, 1957, the
management of the Corporation shall be vested in a Director who shall
be appointed by, and be subject to the direction and supervision of,
In
III
the Administrator of General Services effective at the close of
business June 30, 1957.
This Corporation was abolished effective at the close of business
June 30, 1957, in accordance with Reorganization Plan No. 1 of 1957.
Existing functions of the Corporation were transferred to the Housing
and Home Finance Administrator, the Administrator of General Services,
the Administrator of the Small Business Administration, and the
Secretary of the Treasury.
In accordance with Reorganization Plan No. 1 of 1957, the functions
in connection with the liquidation of these assets and liabilities
were transferred to the Administrator of General Services effective
at the close of business June 30, 1957.
In accordance with Reorganization Plan No. 1 of 1957, the functions
in connection with the liquidation of this Corporation were transferred
to the Administrator of General Services effective at the close of
business June 30, 1957.
Statements of income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section 1, Table 3.
Consists of activities which report on a quarterly basis pursuant to
Department Circular No. 966, Statements of income and expense and
of source and application of funds are not yet included for certain
activities for which statements of financial condition have been
published in Section I, Table U - Part A.
Consists of trust revolving funds that are submitting reports on a
quarterly, semiannual, or annual basis at the present time. Statements of income and expense and of source and application of funds are
not yet included for certain activities for which statements of financial condition have been published in Section I, Table 6,
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Thereafter
Credit Act of 1956, approved July 26, 1956 (70 Stat. 659).
operations of the banks are classified as trust revolving transactions.
Effective July 1, 1956, the net noncash assets of this fund were
transferred on a reimbursable basis to the United States Coast Guard
supply fund.
Represents transfer of capital stock and surplus to the Governor of
the Farm Credit Administration and the Federal intermediate credit
.
banks.
28/
The operating deficit as of June 30, 1956, has been combined with
other items representing equity of the United States Government, and
is included with the net investment at the beginning of the fiscal year
18/
II and
*
r
Defense production guarantees, shown under this heading on page 77 of
the December Bulletin did not have any funds applied or provided
during the fiscal year 1957.
^
Excludes transactions covering foreign currency loans which are shown
on the statement of financial condition.
than
Less
$500.
Revised.
Trcasurij Bulletin
.CUMULATIVE TABLE OF CONTENTS.
February 1957 through January 1958
January 1958
109
.CUMULATIVE TABLE OF COHTETOS.
February 1957 through January 1958
-
(Continued)
Issue and page number
1958
Ownership of Federal securities:
Distribution by olassee of inreators and types of laeuea
Ret market purchases or aalee for Investment accounts handled by
the Treasury
Estimated ownership
Treasury surrey of ovnerahip of Federal securities:
Ownership fay banks , Insurance companies, and others
Ownership by commercial banks classified by membership In Federal
Reserve System (latest date June 30, 1957)
Market quotatlona:
Kod-of-month closing quotations on Treasury securities by Issues.
Chart - Yields of Treasury securities
Average yields of long-term bonde:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds ....
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources,.
Detail of collections by type of tax
Detail of excise tax collections
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage on silver
Increment from reduction In weight of gold dollar (latest date
Septemb#»v- 30, 1957)
Exchange Stabilization Fund (latest date June 30, 1957):
Balance sheet
Income and expense
Rational bank reports:
Earnings, expenses, and dividends for calendar years 1953-56
Capital movements between the Otalted States and foreign countries:
Summary by periods since 1935
Summary by oountrlea and periods
Short-term hanking liabilities to foreigners, latest month...,
Short-term hanking claims on forelgnera, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonflnanclal concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign oountrlea
and International Institutions
Foreign credit and debit balances In brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
,
,
Corporations and certain other business-type activities:
Statements of financial condition, and loans by type (latest date
June 30, 1957)
Income and expense (latest date June 30, 1957)
Source and application of funds (latest date June 30, 1957)
(2^/Ls
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1958
c.2
@FedFRASER