Full text of Treasury Bulletin : January 1963
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L!BRARY
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J UN 2 31972
TREASURY DEPARTMENT
TH^EASUEY^
MmiLEFm
JANUARY
- 1963
LIBRARY
^Om 5030
JUN
2 3 1972
TREASURY DEFa,?TMENT
UNITED STfllES TREflSURV DEPRRTMENT
OFFICE DF THE
SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $8.50 domestic, $11.00 foreign
Single copy price varies
January 196J
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
10
Cash income and outgo
15
Account of the Treasurer of the United States
23
Debt outstanding
25
Statutory debt limitation
30
Public debt operations
31
United States savings bonds
57
Ovmership of Federal sec\irities
61
Treasury survey of ownership of Federal
securities
63
Market quotations on Treasury securities
67
Average yields of long-term bonds
70
Monetary statistics
72
Exchange Stabilization Fund
76
International financial statistics
78
Capital movements
79
Foreign currencies acquired without purchase
with dollars
89
Cumulative table of contents
91
II
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Balances of the United States Oovernment" and
In the 'Treasury Bxilletln" are based largely on two Treasury
for actual receipts and e3q>endltures In the "Budget of the
financial reports, the "Dally Statement of the United States
Treasury" and the "Monthly Statement of Receipts and Ex-
United States Government."
penditures of the United States aovernment.
"
Certain mone-
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money."
ments are given as sources for Individual tables, they are
cited by name only.
Their 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 monthly statement of receipts and expenditures
was first published for February 195'^. ^^^ replaced the
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain Interfund transactions which are Included in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
This reporting change was made In
agencies to the Treasury.
accordance with the plan stated In the President's Budget
Message of January IS, i960. It does not affect the surplus
or deficit. Figures for earlier periods shown In the Treas-
df^lly statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. Atthe same time, the
ury Bulletin were revised to the new reporting basis In the
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
September 1960 Issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treas-
and withdrawals affecting the account of the Treasurer of
of their capital stock and for disposition of earnings.
Both publications have provided compar-
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
the United States.
ative figures on their respective bases from the beginning
of the fiscal year 1953>
195'*^,
The announcement of February 17,
with respect to these reporting changes may be found
In the April 195^ issue of the Bulletin.
The monthly statement shows all receipts amd expendi-
tures of the Government,
Including those made from cash
accounts held outside the United States Treasury. The
Information Is complied from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies. Including those agencies which maintain
19'*^,
and figures for prior fiscal years back through 1932
were revised accordingly at that time.
The^dally statement on the new basis was first Issued
for February 17,
195'*^»
If>
the deposits and withdrawals as
shown, no distinction Is made as to the type of accounts
(budget, trust,
etc.).
The deposits are on the basis of
certificates of deposit cleared through the account of the
These reports cover
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
transactions recorded In the accounts of the agencies
fications shown are reported on the basis of mailed reports
checking accounts In commercial banks.
during the reporting period.
The net of the transactions
of checks Issued and are adjusted by means of clearing ac-
as compiled from these reports Is reconciled In the monthly
counts to the total of checks paid.
statement to changes In the balance In the Treasurer's account £ind In cash held outside the Treasurer's account and
minor amounts, noncash Interfund and other Intragovernmental
changes In the public debt outstanding.
dally statement also are on a "clearance" basis, with the
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are Included, however.
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are re-
transactions are excluded.
Except for relatively
The public debt figures In the
ported on the basis of checks Issued or cash payments made
The dally statement before February I7, 133^, covered
not only transactions cleared through the Treasurer's ac-
by disbursing officers.
count but also certain Government agency transactions which
Transactions of an Interfund or
Intragovernmental 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
were handled through commercial bank accounts,
and Included
noncash interfund and other Intragovernmental transactions.
It provided Information similar to that in the present dally
statement with respect to the status of the Treasurer's account, and similar to that In the present end-of -month dally
statement with respect to debt Issuance, retirement,
and
In the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown
Receipts and expenditures, however, were
January 196J
III
Reporting Bases
in the dally statement were ueed mm the basis for reflecting
the results under the President's budget program as enacted
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
Through
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
basis beginning with
payable
and
due
was Included on a
November 1949 and on a checks-paid basis prior to that time.
as reported by the agencies.
by the Congress.
bases.
-
19*^6
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
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.
It Is Issued later than the dally
principally those
statement, however, and the figures are based on transactions consummated during the reporting period even though
of the Department of Defense and Its predecessor organiza-
some may not have cleared the Treasurer's account during
of checks Issued, while certain others,
tions, were on the basis of checks paid.
Note:
Transactions han-
that period.
Where calculations have been made from unrounded figures, the details may not check to the totals shown.
January i96J
A-l
Treasury Financing Operations
Troasury Bonda Sold to Syndloate
A new Issue, dsslgnated Treasury bonds of 1988-93,
was sold In the amount of $250 million, to a syndicate on
January g, 1963, on the basis of competitive bidding. The
winning bid was 99.*5111 per $100 of face amount for a h
percent coupon, which resulted In a net basis cost to the
Treasury of 4-.00g210 percent, calculated to maturity. The
syndloate reoffered the bonds to the public at par. On
January 2 the Treasury had offered bidders the option of
bidding upon either a ^ percent or k-l/S percent coupon
rate.
Each bidder could
eulaiilt
only one bid whloh was to
specify one of the two coupon rates.
The successful bidder
was required to make a bona fide reofferlng of all the
bonds.
The winning syndloate was headed by 0. J. Devlne 4 Co.,
Salomon Brothers & Hutiler, Bankers Trust Company, The Chase
Manhattan Bank, First National City Bank, Chemical Bank New
York Trust Company, The First National Bank of Chicago, and
68 others.
The three other bidders and their bids were:
A syndicate headed by Morgan Guaranty Trust Company
of New York, Bank of America National Trust and Savings
Association, Blyth & Co., Inc., Halsey, Stuart & Co., Inc.,
and Aubrey 0. Lanston & Co., Inc., and U^7 others:
$99.85100 for a h percent coupon, resulting In a net basis
cost of money of lJ-.OOS2l6 percent;
—
A syndicate headed by the First Boston Corporation,
Continental Illinois National Bank and Trust Company of
Chicago, Discount Corporation of New York, and SO others:
$99.71014 for a k- percent coupon, resulting In a net
basis cost of money of 4-.016334 percent; and
C. F. Chllds and Company, Incorporated: $100.00000
for a 4-1/8 percent coupon, resulting In a net basis cost
of money of U.12U621 percent.
Secretary of the Treasury Dillon, In comment, said,
"The bidding by the four syndicates indicates
that the market has responded with keen Interest to
this first offering of bonds at competitive bidding
and has provided the base for the potential development of an Important new Instrument for debt management. The winning bid la highly satisfactory to the
Treasury from the standpoint of interest cost; the
second bid was within $275 of ^^ winning bid.
'The experience In the distribution of these
securities, of course, will be of great Interest to
the Treasury In deaonstratlng the efficacy of this
approach to the wider distribution of Treasury
offerings for cash In the long-term area.
"The bidding of the various syndicates Indicates
their combined Judgment that borrowing of this amount
oan be readily fitted Into the existing rate structureIt clearly indicates that It Is possible for the
Treasury to tap the long-term market In this amount
with a mlniffium Impaot on the supply of funds related
to the needB of the economy."
bids, awards, payment, and delivery.
These regulations
were the culmination of the Treasury announcement on September 13 of Its Intention to test this technique, a public
meeting on the plan on October 17 conducted In New York
City by the Under Secretary of the Treasury for Monetary
Affairs, and a notice of proposed rule Making governing
the sale, which was published In the Federal Register of
November 16.
Pour criteria wore cited by the Treasury in the regula-
tions Issued December I7, as relevant to the Judgment which
It would have to msike In any specific case as to whether a
bona fide reofferlng had been made:
1. The bonds could not be taken down for the underwriter's own Investment or trading accounts until a good
faith reofferlng had been made and the underwriter had
been unable to sell all of the bonds to the Investing
public at an established reofferlng price. Individual
syndicate members could not take down the bonds for
their own Investment or trading accounts until the
syndicate, after making a good faith effort to sell all
of the bonds to the investing public at the reofferlng
price, was dissolved and the unsold bonds distributed
among the syndicate members.
The opportunity to obtain bonds from the under2.
writer had to be open to all investors (except members
of competing undervrlting groups).
Liability to the United States would be borne
3.
solely by the successful bidder, and purcl^sers of the
bonds on the reofferlng would have no underwriting
liability to the United States.
M-.
Underwriters could, of course, obtain indications of interest from investors prior to the bidding
but had to give investors the right to withdraw from
any such previous arrangements made with them when
the terms of the reofferlng became known.
On December 20, I962, the Secretary of the Treasury
issued a public notice of invitation for bids on the Treasury bonds of 1988-93. The accompanying announcement stated
that a supplemental notice, to be published on January
2,
1963, would set forth the provisions relating to the coupon
rate or rates of interest upon which bids would be received.
It also stated that bidders must file a notice of intent
to bid at the Federal Reserve Bank of New York not later
than 12:00 noon, eastern standard time, on January k, 1963.
Terms of the bond Issue other than the coupon rates also
were given.
The public notice of invitation to bid, on December
20,
stated that the bonds would be offered only as a single
block on a competitive bid basis.
The bid accepted was to
be the one resulting in the lowest basis cost of money
computed from the date of the bonds to the date of maturity
determined in accordance with the terms of the invitation,
Regulations governing the sale of Treasury bonds
through competitive bidding were Issued on December 17,
1962, and were published In the Federal Register dated
or amy supplement or amendment thereto. Provieions were
made also in event of bids which mig^t result in identical
They comprehended the basic features
principally, the maturity period,
coupon rates, and Interest dates; and the rules governing
A bid submitted by a syndicate was required to be
supplemented by a list of its members which must specify
the amount of each member's underwriting participation.
December 18, 1962.
of the bonds except,
basis oosts of money computed to maturity.
A-2
Treasury Bulletin
Treasury Financing Operations
Eaoh bidder oould tubmlt only one bid, which had to be
for the purchase of all of the bonde deeorlbed. The price
to be paid to the United States by the bidder was required
to be expressed as a percentage of the principal amount of
the bonde and not to exceed five decimals, e.g., lOO.OlOJg
percent.
Each bid was required to be accompanied by a pay-
Bent to the Federal Reserve Bank of New York, as fiscal
agent of the United States, of an amount equal to J percent
of the principal amount of the bonde In Immediately avail-
able funds.
The bids and the names of the bidders were to
be considered as matters of public rscord. Including, In the
case of a syndicate, the names of the members and the amount
of each member's underwriting participation.
When the successful bidder was announced, his deposit
was to be retained as security for the performemce of his
obligation and applied toward payment of the bonde.
There-
after, the deposits of all other bidders were to be returned
Immediately.
No Interest was to be allowed on any of the
deposits.
The h percent bonds of 1988-93 are dated January 17,
1963, and bear Interest from that date at the rate of ^ percent per annum, payable on a semiannual basis on August 15,
1963, and thereafter on February 15 and August 15 In each
-
(Continued)
Payment for accepted tenders was required to be made
or completed on January I5, 1963i ^^ cash or other Immediately available funds, or In a like face amount of the
Treasury bills matxirlng on January 15. Banking Institutions
generally could submit tenders for account of customers
provided the names of the customers were set forth In such
Others than banking Institutions were not permitted to submit tenders except for their own account.
Tenders were received without deposit from Incorporated
tenders.
banks and trust companies and from responsible and recognized dealers In Investment securities. Tenders from
others were required to be accompanied by payment of 2
percent of the face amount of Treasury bills applied for,
or an express guaranty of payment by an Incorporated bank
or trust company.
The new one-year bills are dated January I5, I963. and
will mature January I5, 1964, when the face amount will be
payable without Interest. Issued In bearer form only the
bills are In denominations of $1,000, $5,000, $10,000,
$50, 000, $100, 000, $500,000, and $1,000,000 (maturity value).
Weekly Treasury Bills Also Increased
New weekly Treasury bills In December totaled $8.4
billion, which refunded $8,0 billion maturing and provided
year until the principal amount becomes payable. They will
mature February I5, 1993. ^^^ ""ay ^^ redeemed at the option
of the United States on and sifter February I5, I9S8, at par
and accrued Interest, on any Interest day, on four months'
$0.4 billion In new cash. In the first half of the fiscal
year 1963, by Increasing the amounts of the weekly 3-month
and 6-month bills the Treasury raised $4.5 billion of "new
money." The four December issues of 91-day bills were for
notice of redemption given In such manner as the Secretary
$1.3 billion each and the four 182-day bills were for $0.8
billion each. Average rates of discount on the bills are
of the Treasury shall prescribe.
Bearer bonds with Interest coupons attached and bonds
registered as to principal and Interest were Issued In de-
shown in the following table.
nominations of $500, $1,000, $5,000, $10,000, $100,000, and
$1,000,000.
13-ueek
(Additional amount of bills of
original maturity of 26 weeks)
If the bonds are owned by a decedent at the time of his
death and thereupon constitute a part of his estate, they
will be redeemed at par and accrued Interest at the option
of the representative of the estate, provided the Secretary
of the Treasury la authorised by the decedent's estate to
apply the entire proceeds of redemption to payment of the
Federal estate teucee on each decedent's estate.
One-Year Bills Increased
On January 2, I963, the Treasury Department announced
an offering on January 9 for $2.5 billion, or thereabouts,
of 365-day Treasury bills for cash and In exchange for $2.0
billion of Treasury bills maturing January I5, 1963»
Tenders totaled $5,244 million, of which $2,496 million,
on the basis of preliminary reports, was accepted at the
average bank discount rate of 3.OI5 percent. Noncompet-
itive tenders for $400,000 or less (without stated price)
from any one bidder were accepted In full at the average
price of aooepted competitive bids.
$243 million.
1/
These amounted to
Public Law 87-792, approved October 10, 1962.
January 196J
A-
Treasury Financing Operations
-
(Continued)
The bonds are sold at par in denomlnatlone of $50,
|100, $500, and $1,000.
The Interest accrues through the
Increase In redemption values at the beginning of each
half-year period, providing an Investment yield of 3-3A
percent per annum, compounded semiannually. Interest,
as collateral. Issued In registered form only, they must
be registered In the name of the self-employed person or
the employee for lAiom they are bought, In single ownership
or beneficiary form. The bonds will be reissued to add,
together with principal, will be paid only upon redemption.
The bonds bear Interest from the first of the month In which
the authorized Issuing agent receives payment for them; bonds
stolen, or destroyed.
bought during January will bear Interest from January 1,
1963. Purchases In any orte year are limited to 15,000 In
the name of one owner.
Bond purchase plans using the new retirement plan bonds
and meeting the requirements of the new law will enjoy
Income tax advantages similar to those grcuited to pension
and profit-sharing plans. Self-employed persons may deduct
from income subject to tax up to $1,250 annually for contributions to their own retirement. When a self-employed
eliminate, or substitute a beneficiary; and also, If lost,
Like Series H savings bonds, the new bonds may be
purchased at any Federal Reserve Bank or branch, or direct
from .the Office of the Treasurer of the United States, the
only authorized Issuing agents.
Banks and other financial
Institutions will take applications for Issue and redemption of these bonds, as for Series H bonds, for transmittal
to the Issuing agents.
Detailed Information on the terms and conditions applicable to United States Retirement Plan Bonds are published
In Treasury Department Circular, Public Debt Series, No.l-63.
employee redeems his bonds, he Is
The accompsmylng table shows how the retirement plan
bonds bearing Issue dates beginning January 1, ISS'}, by
denomination. Increase In redemption value during successive half-year periods following Issue.
The period to
subject to tax for the Interest on the bonds and any amount
maturity Is Indeterminate In accordance with the provi-
person redeems his bond, he becomes liable for income tax
purposes for the Interest earned on the bond, and for the
amount of the deduction taken for the year In trtilch the bond
was purchased.
When
sin
contributed by his employer.
The bonds are subject to es-
sions of the Treasury regulations governing these bonds.
tate. Inheritance, or other excise taxes. Federal and State.
At a future date before January 1, 1983 ( 20 years after
the Issue date of the first bonds ) this table will be ex-
The bonds cannot be redeemed until the owner reaches
59-1/2 years of age, except upon the owner's death or dis-
ability.
The bonds cannot be transferred, sold, or used
tended to show redemption values for periods of holding
of 20-1/2 years and beyond.
Treasury Bulletin
A-k
Treasury Financing Operations
-
(Continued)
Redemption values providing an investment yield of 3-3/4 percent per annum,
compounded semiannually, on the purchase price from issue date to the beginning
of each half-year period, for bonds bearing issue dates beginning January 1, 1963 2/
Issue price
January 1961
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
1/
Fiscal yenrg:
1950
1951
1952
1953
195^
1955
1956
1957
1958
1959
i960
1961
1962
Expenditures
1/
Surplus,
or
deficit
(-)
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
85,500
86,900
94,311
98,802
-8,811
-11,903
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
1961-Jan.
Feb..
Mar.
4,846
6,537
8,524
6,470
6,236
Apr.
May.
June.
5,125
Net of
trust
account
and other
transactions
2/
Net
increase
Clearing
account,
etc. J/
in
public
debt, or
decrease
Levels, end of period
Net
increase in
Treasurer's
account
balance, or
decrease (-)
Debt outstanding
Treasurer'
account
balance
Public
debt
(-)
483
-214
-401
-250
-303
284
Total
Guaranteed
Federal
securities
securities
20
29
46
Subject to
limitation
140
240
444
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
^56,652-
-602
-523
530
-6
-145
507
436
448
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
-693
-107
-20
-100
5,293
12,110
-4,230
6,200
6,200
303,494
315,604
600
514
304,094
316,118
303,724
315.758
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
87
-106
-319
-209
-34
376
-21
224
109
-237
154
204
-447
62
1,770
-1,488
603
-635
-117
179
24
42
275 , 168
76
34
53
103
104
109
127
156
83
1,015
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
256,708
259,419
267,391
183
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
518
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
7,012
301
1,512
-185
712
-629
408
-58
692
-181
508
-3,072
-1,582
1,463
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,196
290,740
287,682
289,796
290,340
287,284
6,467
10,831
6,450
7,169
7,961
-1,325
-702
2,870
24
49
-14
25
-377
-149
516
2,158
-1,175
-761
1,128
1,532
4,034
5,162
6,694
287,987
290,146
288,971
219
225
240
288,206
290,371
289,211
287,809
289,975
288,862
July.
Aug..
Sept.
2,982
6,367
8,945
6,322
7,631
6,771
-3,340
-1,265
2,174
-66
-120
44
-129
-498
682
3,433
1,310
35
-101
-572
2,936
6,593
6,020
8,956
292,404
293,714
293,750
239
249
271
292,643
293,964
294,020
292,199
293,521
293,579
Oct..
Nov.
7,796
7,485
7,160
-4,655
-1,060
807
-154
317
258
140
-543
10
1,911
1,350
-842
-2,759
63
234
6,197
6,261
6,494
295,660
297,011
296,169
299
Dec.
3,141
6,424
7,967
330
295,959
297,325
296,499
295,520
296,886
296,061
1962- Jan..
Feb..
Mar.
5,357
6,729
9,104
7,395
6,858
7,749
-2,038
-129
1,356
-152
381
-145
333
345
-78
978
470
-896
-1,513
644
1,293
4,981
5,626
6,919
296,513
296,983
296,088
347
371
402
296,860
297,354
296,489
296,422
296,917
296,054
Apr..
May.
June.
5,754
7,024
11,615
7,289
7,229
8,102
-1,535
-205
3,513
132
258
864
2,222
-973
-924
2,145
2,290
5,995
8,141
10,430
296,952
299,174
298,201
405
-317
-384
-130
67
430
444
297,357
299,604
298,645
296,922
299,170
298,212
July.
Aug...
Sept..
3,566
7,089
10,053
7,252
8,541
7,327
-3,686
-1,452
2,727
208
-59
-126
-248
-304
481
-325
3,966
-2,344
-4,051
2,151
738
6,380
8,530
9,268
297,876
301,842
299,498
448
470
487
298 324
302,312
299,986
297,891
301,938
299,612
Oct...
Nov. .
Dec...
3,030
7,027
8,360
8,524
8,070
7,572
-5,494
-1,042
788
-15
106
189
1,075
2,569
3,323
-1,920
-2,750
1,796
457
400
6,518
7,109
7,509
302,067
305,390
303,470
486
503
518
302,553
305,893
303,988
302,181
305,521
303,616
1963 to date.
39,126
47,286
-8,160
572
-602
5,269
-2,922
7,509
303,470
518
303,988
303,616
1963 (Est. J..
196^ (Est.)..
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
592
-7,088
-7,040
1,953
-6,306
-7,199
679
147
435
328
231
-194
195
633
-329
-50
522
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
355
622
828
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
52
81
44
74
107
101
111
54
330
Months
.
-1,624
Source: Actual figures through the fiscal year 1952 and the calendar year
1953 are from the dally Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
1964 Budget document, released January 17, 1963, including effects
of proposed legislation.
More detail for data on this page will be
found in succeeding tables.
1/ Fiscal year figures beginning with the September 1960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (see page II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
2/ Excess of receipts, or expenditures (-). For detail, seepages 10 - 14.
2/ For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
591
^
315
,
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 accounts
beginning with the fiscal year 1954. Net increase, or decrease (-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion, on June 26, 1946; $281
billion, on August 28, 1954; $278 billion, on July 1, 1956; $275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; $293 billion, on July 1, 1960; $298 billion,
on July 1, 1961; and $300 billion on March 13, 1962. The limit is
$308 billion from July 1, 1962, through March 31, 1963, $305 billion
from April 1 through June 24, 1963, and $300 billion from June 25
through June 30, 1963.
Under proposed legislation the statutory debt
limitation for June 30, 1963 as estimated in the 1964 Budget document
Is $308 billion.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
January 1961
.BUKiET RECEIPTS AND EXPENDITURES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
RealizaDividends tion upon
and other loans and
earnings investments
Fiscal year
or month
2,559
3,006
2,749
3,196
3,158
4,064
4,082
3,206
408
269
198
161
87
22
3
56
56
19
65
May..
June
243
216
15
67
5W
277
70
July.
Aug..
Sept.
685
300
517
89
53
2
73
71
72
Oct..
Nov,
218
225
Dec.
553
16
10
332
91
69
69
2,497
503
446
1955
1956
1957
1958
1959
1960
1961
1962
1962-Jan..
Feb..
Mar..
Apr.
1963 to date.
554
628
745
601
967
942
877
252
291
438
674
506
1,111
805
743
274
296
328
328
587
436
1,012
49
25
371
Recoveries and
refunds
Royalties
Sale of
Government
property
Sale of
prod-
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services
etc.
410
471
266
322
343
114
182
154
Rents
Fines,
penalties
and forfeitures
Other
V
Treasury Bulletin
.
BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Source
**
Internal Revenue Service collection reports. For explanation of difference m reporting basis from budget receipts througtt 1954, see the Treasury
Bulletin for July 1962, p80, and the Annuo/ Report of the Secretary of the Treasury for 1961 p.495.
Beginning with the fiscal year 1955, includes undistributed depositary receipts and unapplied collections. Tfte whole amount of such receipts for CMCise
taxes
IS
included under "other excise taxes
Office of lh« Stcrttgry of the Troosury
"
January 196J
.
BUKrET EECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Legislative
Branch
Executive
Office
Judiciary
of the
President
65
85
30
37
97
99
118
39
44
10
10
11
47
56
1960.
1961.
126
49
56
52
1962
153
57
70
29
4
2
2
March
16
11
12
April
11
May
13
15
1955.
1956.
1957.
1958.
1959.
1962-January. ..
February.
June
July
Aiigust
. . .
September,
October.
November.
December.
1963 to date..,
5
9
5
2
6
4
6
2
1
3
3
5
2
15
13
4
2
5
2
17
6
4
1
15
13
5
2
81
29
3
Funds
appropriated
to the
President
Agriculture
Department
4,636
5,177
5,006
4,875
7,091
4,381
4,473
4,115
4,081
4,109
y
Defense Department
Commerce
Department
1,077
1,293
^
562 2/
645
382
Military
Civil
functions
Health,
Education,
and
Welfare
Department
35,532
35,791
38,439
39,062
41,233
548
573
639
733
807
1,993
2,071
2,295
2,645
3,092
5,419
5,929
6,669
539
498
594
42,824
44,677
48,205
902
971
999
3,403
3,685
4,215
162
139
195
447
426
45
51
75
67
542
43
4,044
3,365
4,338
421
369
370
190
111
217
403
350
603
63
51
39
4,046
4,528
4,778
140
188
154
57
58
37
3,692
1,174
266
229
263
1,023
623
789
36
35
4,360
4,331
4,031
4,975
345
23,997
1,764
1,808
2,053
1,6
677
72
71
77
75
112
4,208
3,823
628
Interior Justice
Depart- Department
ment
Labor
Department
Post
Office
Department 1/
State
Department
11
Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES,
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury
Fiscal
year or
month
Total
Total
interest
181
1955.
1956.
1957.
1958.
1959.
355
694
654
633
682
640
620
84
16
467
567
1960.
1961.
1962.
1962- January, .
February.
Corp.
173
297
456
557
342
315
March
2
82
16
2
April
7
4
.
,
May
June
July
August
September.
October. .
November.
December.
CommodIty
Credit
60
ExportImport
Bank of
Washington 2/
421
181
465
410
330
46
43
57
118
1
4
174
26
1
1
8
7
2
7
.
200
200
172
27
343
339
180
27
1963 to date....
12
see
Valley
Authority
51
39
90
U6
11
17
6
11
9
V
2/
15
3
7
3
17
10
4
4
1
10
3
U
20
24
30
7
19
42
7
15
23
35
7
32
6
8
8
1
9
9
9
Other
6/
U
40
3
16
Federal
intermediate
credit
banks'
fran-
chise
tax S/
Charges
for
audits
of
various
agencies
9
12
11
13
12
21
73
.
.
Small
Business
Admin.
Reimbursement by
Panama
Canal
Company
1
5
78
Panama
Canal
Company
Under
Veterans'
Defense
AdminProistration
duction
Act
56
15
209
45
Tennes-
2/
48
47
45
175
340
5
78
and
Home
Finance
Agency
26
25
24
31
41
212
45
Ifousing
l/
20
24
20
24
5
75
3
Source:
See Table 2.
1/ By Grovemment agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U, S. investments.
3/ Excludes transactions under Defense Production Act.
i/ Consists of payments by: Office of the Administrator for college
housing, urban renewal, prefabricated housing loans for 1955, and public
facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration.
Direct loan program.
By various agencies for programs under the Defense Production Act.
Consists of payments by: Reconstruction Finance Corporation for 1955;
Colorado River Dam Fund, Boulder Canyon project; Virgin Islands Corpo-
^
^
2/
8/
5
ration;Bureau of Federal Credit Unions;Oivil Defense Program Fund;Farmers' Home Administration: Agricultural Credit Insurance Fund (formerly
the Farm Tenant Mortgage Insurance Fund) beginning 1956, and the direct
loan account, both established pursuant to Title III of the Agricultural
Act of 1961, approved August 8, 1961; Informational Media Guaranty
Fund beginning 1959; Federal Ship Mortgage Insurance Fxrnd beginning
1960; and St. Lawrence Seaway Development Corporation beginning 1960.
For net cost of Canal Zone Government, less tolls on Government vessels,
and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Pootnotes to Table 3.- (Continued)
2/
%
2/
2/
Beginning 1957, Federal aid for highways is excluded from budget expendltures and included in trust account expenditures (see Table 1),
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures
rather than budget expenditures, pursuant to the Einployment Security
Act of I960, approved September 13, I960 (42 U.S.C, 1101); see
Table 1, footnote 11.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Plan No. 2
1954, certain functions transferred:
of 1954 (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C, 603, note)
The corporation was abolished
to the General Services Administration.
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 (a)), approved August 23, 1958.
Established pursuant to the National AeronautJ.cs and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
10/
11/
1^
13/
#
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September I960 Treasiiry Bulletin because of the
exclusion of certain interfund transactions (see footnote 10).
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), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds (see "Trust Account and Other
Transactions," Table 3); previously the operations of the banks and the
corporations, respectively, were classified as public enterprise funds
and were included net in budget expenditures.
Includes $1,375 million paid to the International Monetary Fund for the
additional United States subscription, authorized by an act approved
June 17, 1959, consisting of $344 million in gold (see "Monetary
Statistics," Table 3) and $1,031 million in special notes. The special
notes of the United States issued to international institutions are
nonnegotiable and noninterest-bearing and are payable on demand. See
also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1,
Less than $500,000.
January 1961
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of November 30, I 062
(In millions of dollars; negative figxires are deductions in the colijmns in which they appear)
Unexpended
balances
brought forvrard
July 1, 1962
1/ 2/
Agency
Legislative Branch
The Judiciary
Executive Office of the President
Fxmds appropriated to the President
Agriculture Department
.....>....
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to
Additional, fiscal year
Appropriat ions
M7
5
61
23
5,189
10,198
3,9ai
1,060
Authorizations
to expend from
debt receipts
^
2/
79
3
480
6,137
794
28,697
2,785
356
1%3
to date
Increase
Other authorizations
^
42
-6
Total
Transfers,
borrowings
investments
6/
156
61
23
5,189
6,659
788
49,567
49,567
1,325
1,086
1,325
1,086
,
,
<
1,832
451
36
4,484
1,022
307
325
907
230
373
130
416
1,205
585
534
12,864
1,158
850
10,898
96
325
4U
-20
574
634
3,673
5,253
1,235
59
97,9U
59
-318
545
-276
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration.
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other Independent Agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
expenditxires of the Government
24
9
976
V,186
310
19 ,965
448
539
1
,045
486
130
230
263
235
,494
,158
302
7
67
198
353
837
,212
341
36
47
2
Certain interfund transactions.
Total budget expenditures
Undisbursed
appropria-
132
42
18
8,382
2,746
1,008
67
98,183
58,298
3,662
893
-1
4,272
888
213
325
1,017
310
6,467
3,182
1,002
903
980
3,994
3,607
1,597
109
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
8/
168
42
18
36
6,028
3,538
300
M,410
93
219
11
10
16
Total 2/
96
250
27
7,913
3,070
856
190
9,516
11
94
638
27,760
3,553
1,598
6,377
1,538
58,298
3,662
903
-1
4,272
1,000
213
325
1,017
310
6,717
3,182
1,029
903
12,819
3,994
3,891
11,762
109
2/
115
39,858
Total
Deduct:
Expenditures
Rescissions,
cancellations,
and other
adjustments "j/
3,135
746
574
375
3,673
5,253
1,241
59
Ihiexpended balances November 30, 1962
Deductions, fiscal year 1963 to date
Agency
4,484
1,039
307
907
414
10,796
10,796
3,135
766
78,745
Total
11
104,044
136,955
144
39,71A
Bureau of Accounts. Details for the current fiscal year to date
Source:
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations.
Consists of authorizations by law for Government-owned enterprises to
borrow (l) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
6/
2/
8/
2/
Consists of transfers between appropriations; net borrowings from or
repayments to (-), the Treasury and the public under authority to
expend from debt receipts; and net investment in, or sale of (-),
public debt securities and certain guaranteed securities issued by
Government enterprises.
Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority
and contract authority; capital transfers to miscellaneous receipts;
and other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises.
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding prellinlnary
data used In the monthly statement of receipts and expenditures of the
»
Less than $500,000,
Government,
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES,
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1963 throxigh November 1/
Function
code
number
Functions
National defense:
Department of Defense-military functions
Military assistance
Atomic energy
Defense-related services 2/
051
057
058
059
Total national defense
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance
Foreign information and exchange activities
151
152
153
Total international affairs and finance
1958
1959
1960
1961
1962
Expenditures
39,070
2,187
2,268
708
41,223
2,340
2,541
387
41,215
1,609
2,623
244
43,227
1,449
2,713
44,234
46,491
173
1,910
149
Unexpended
balances end
of period 2/
19,966
448
1,158
104
46,815
1,390
2,806
92
36
58,298
3,662
3,182
474
45,691
47,494
51,103
21,608
65,615
237
3,403
139
217
1,477
137
216
2,126
158
249
2,372
197
211
974
75
264
17,981
240
2,231
3,780
1,832
2,500
2,817
1,260
18,484
Space research and technology
251
89
145
401
744
1,257
837
3,994
Agriculture and agricultural resources:
Farm income support and production adjustment ^. ...
Financing farm ownership and operation
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services
351
352
353
354
355
3,284
269
297
315
255
5,297
3,801
349
301
397
324
4, 59 J.
234
303
426
341
3,332
49
135
232
121
3,374
753
1,345
291
3,602
289
330
368
293
4,419
6,590
4,882
5,173
5,895
3,869
6,126
1,139
174
1,184
201
71
68
1,235
1,564
280
68
819
177
2,012
65
1,394
331
61
35
63
68
73
74
51
91
61
55
60
38
56
29
ii:
85
81
94
186
45
1,544
1,670
1,714
2,006
2,147
1,155
2,664
315
392
31
674
170
494
436
30
774
226
568
508
38
525
265
716
569
36
781
335
654
293
26
263
163
1,088
891
109
1,017
3,864
881
49
58
1,631
^
^
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
,
General resource surveys and administration
401
402
403
404
405
409
Total natural resources
59
60
69
44^
3U
315
376
220
278
376
247
Commerce and transportation:
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development:
Aids to private housing
Public housing
Urban renewal and community facilities
National Capital area
551
552
553
555
Total housing and community development
9U
33
271
797
427
59
67
74
12
33
2,017
1,963
2,573
2,774
1,125
7,904
-126
51
78
26
732
97
108
-44
150
162
51
-U9
33
-172
134
130
30
74
10
79
106
48
7,518
1,644
5,376
116
30
970
122
320
349
243
U,653
540
488
1,797
234
700
924
1,969
284
815
510
1,128
591
2,437
368
552
215
1,208
172
2,203
2,061
304
938
809
2,170
326
3,059
3,877
3,690
4,244
4,524
2,U7
4,031
189
178
50
124
259
225
106
332
286
143
181
337
550
183
207
100
223
m
327
261
120
156
81
76
445
912
460
153
541
732
866
943
1,076
480
1,970
2,024
1,036
1,026
856
242
2,071
1,153
864
921
280
2,049
1,263
2,017
1,604
2,236
961
266
2,034
1,532
559
1,030
259
1,635
388
1,084
69
463
279
82
510
907
247
5,184
5,287
5,266
5,4U
5,403
2,218
3,900
7
163
261
53
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Other welfare services
^
651
652
653
654
Total health, labor, and welfare
321
1,221
286
Education:
Assistance for elementary and secondary education 6/,
Assistance for higher education 2/
Assistance to science education and basic research..
Other aid to education 6/
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation 8/
Veterans nonservice-connected pension 2/»
Veterans' readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 2/
'
Total veterans' benefits and services
Footnotes at end of table.
801
802
803
804
805
725
(Continued on following page)
January i96J
BUDGETT
RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
(Cont Inued
Treasury Bulletin
10
TBUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Net receipts, or
expenditures (-),
from trust account
and other transactions
231
-194
195
633
-329
-50
-602
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962
-436
1962-January.
February.
March.
-152
381
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-)
by Government
Net
{-)j
receipts
1/
expenditures
agencies in public debt
securities 2/
1/
9,521
11,673
14,359
16,319
16,950
20,534 i/
23,583
24,325
991 2/
2,250
1,409
262
-1,511
-359
565
213
Net sale, or investment
Net
8,530 2/
9,423
12,950
16,057
18,461
20,893
23,018 1/
24,111
(-), of securities of
Government agencies in
the market
-1,362 2/
-2,617
-2,300
-197
1,112
-714
-435
-435
V
^
Net sale, or redemption
602 2/
173
1,085
567
71
1,023
-733
658
-U5
-1,455
716
-212
866
2,743
1,828
2,322
2,027
2,040
1,137
-437
13
165
102
55
132
258
-317
-279
2,461
320
1,587
4,053
2,575
1,867
1,591
2,255
455
-2,182
-642
-43
-21
June
July
August...
September.
208
-59
-126
-664
1,365
-739
1,194
3,447
1,622
1,859
2,082
2,362
992
-1,470
572
-U9
-15
106
-821
485
-127
1,377
2,531
1,684
2,197
2,047
1,811
796
-382
626
10
3
-A2
April
May
October. .
November.
December.
457
Source: Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
see page II); estlioates from the 1964 Budget document, released January 17,
l%3i will be published in a subsequent Issue of the Bulletin,
1/ Certain intertrust fund transactions are excluded from both receipts
and expenditures beginning with the July 1961 issue of the Bulletin.
For detail see Table 6.
Also includes guaranteed securities (see Table 4)2/ Effective July 1, 1955, security transactions of Government-sponsored
enterprises are included in deposit fund account expenditures (net)
^
^
5
46
41
and excluded from net investment by Government agencies in public
debt securities (see Table 4) and from net redemption or sale of
obligations of Government agencies In the market (see Table 5).
Figures for 1955 have been revised to the new classification basis.
Adjusted for reclassification of certain repayments of advances from
the general fund.
Beginning fiscal 1961, refunds of taxes (principal only) are deducted
from receipts, and therefore are excluded from expenditures.
Table 2.- Trust Account Receipts
(In millions of dollars)
Fed. Dis-
Fiscal year
or month
FOASI
Trust
Fund
5,586
7,003
7,159
7,900
8,182
10,439
11,824
12,011
1955
1956
1957
1958
1959
1960
1961
1962
1962-January.
February.
March....
148
ability
Ins.
Trust
Fund
V
339
943
938
1,071
1,083
1,092
1,656
1,046
12
146
88
June.....
728
2,303
1,109
62
189
120
July
August . .
September
409
1,848
840
36
156
76
October..
November.
December.
520
1,256
743
44
108
81
April
May
V
Railroad
Retirement
Account
700
739
723
695
758
1,403
1,051
1,081
13
Unemployment
Trust
Fund
1,425
1,728
1,912
1,855
1,997
2,703
3,803
3,985
V 6/
National
Service
Life Insurance
Fund
'
Government
Life
Insurance Fund
Federal
employees
retirement
funds
Highway
Trust
Fund
Other
trust
accounts
1/
Less:
Total
trust
accounts
Intertrust
fund
transactions 2/
Net
trust
account
receipts
2/
January 1961
11
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust accounts, etc.
Fiscal year
or month
1955
1956
1957
1958
1959
1960
1961
1962
Federal Old-Age
and Survivors
Insurance Triist
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
585
5,551
6,723
8,116
9,454
11,152
11,752 2/
13,270
,
181
371
571
746 2/
1,089
1962- January. .
February.
March....,
1,086
1,096
1,117
84
89
April
June
1,134
1,137
1,503
July
August,.
September
October.
November.
December.
May
611
682
730
778
1,136
1,124
1,135
1
,
1957
1958
1959
1960
1961
1962
94
91
103
84
96
89
347
246
339
49
48
1,146
1,157
1,157
93
88
99
88
205
204
218
1,173
1,167
1,163
98
89
96
101
90
213
240
280
94
93
98
Other
trust
accounts,
Total
trust
accounts,
etc. 1/
etc.
82
61
91
69
103
May
June
,
72
July
August .
September
52
65
October..
November.
December,
57
.
8,489
9,197
483
425
698
868
April. ...
y
87
565
915
672
711
1962-January.
February.
March. ...
3,U8
3,054
2,736
4,734 2/
3,906
59
72
155
2/
2/
2/
12,743
16,159
18,605
21,903 2/
23,342 2/
25.154
Government
Life
Insurance
Fund
538
512
515
544
562
582
707
626
422
402
398
94
Federal
employees*
retirement
funds
84
Highway
Truart
Fund
430
507
87
86
591
699
792
896
955
1,063
120
80
83
94
96
966
1,602
2,709
3,049 2/
2,620 2j
2,784
Federal National
Mortgage Assoc. 1/
Financing by
Treasury
9
206
929
3
102
176
946
-73
317
-42
42
-16
58
7
49
6
6
86
92
222
134
153
65
-32
27
84
59
-6
6
9
7
91
93
92
132
178
330
25
-1
21
-73
-47
-52
53
52
43
10
7
4
94
96
95
239
317
279
-64
30
-33
-5
25
50
45
39
5
98
5
95
95
55
54
Government- sponsored enterprises
Investment in
public debt
securities
170
548
39
460
-70
239
434
30
Redemption of
agency
obligations
in the market
Other
expenditures
-269
-872
-86
167
-1,222
-723
-195
-1,122
99
334
39
-620
1,277
479
-224
1,086
Total
'^
10
-8
7
-98
-16
-5
15
400
-98
122
-200
-313
-16
-132
-10
-72
342
1,962
1,952
2,552
-283
-14
-79
37
-185
-294
238
206
371
-8
1,882
51
2,116
2,063
2,152
2,115
2,131
41
-51
-382
-254
341
195
36
10
-18
-9
-50
-137
24
-2
-2
6
-395
67
-310
68
22
Other
deposit
fund
accounts
56
229
224
2,292
2,050
2,121
U3
Other
operations
-93
-94
41
349
308
267
12
8
-16
-51
-11
Deposit fiHid accounts (net
etc, - (Cont.
1955
1956
1,965
1,393
1,644
National
Service Life
Insurance
Fund
100
101
Trust account,
Fiscal year
or month
Unemployment
Trust
Fund
35
10
7
-2
-264
6
-97
176
-509
Total
deposit
fund
accounts
56 S/
238
216
-91
-9
-102
191
-515
Total trust
and deposit
fund account
expenditures
Less:
Intertrust
fund
transactions 6/
16
12
3
Net trust
and deposit
fund
account
expenditxires
1/
24,639
135
908
515
528
8,530
9,423
12,950
16,057
18,461
20,893
23,018
24,111
8,545 i/
9,435
12,959
16,068
18,595
21,801 2/
23,533 2/
10
11
48
-43
-78
-8
-68
2,330
2,041
2,053
15
14
2,322
2,027
2,040
-78
-358
91
-86
-351
89
1,876
1,601
2,641
10
10
386
1,867
1,591
2,255
-32
-4
309
-22
-22
300
1,860
2,094
2,363
1
46
-55
2,198
2,060
-319
1,812
47
-52
-55
38
Treasury Bulletin
12
TRUST ACCOUNT AND OTHEH TRANSACTIONS.
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total 1/
Total
trust
accoxints
2/
1,362
1955.
1956,
1957,
1958,
1959,
1960,
1961,
2,617 i/
2,300
197
-1,112
7M
-435
1962
435
1,236
2,516
2,263
106
-1,2U
548
286
244
,
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1,241 i/
1,463
220
-499
-1,290
-726
-225
-1,089
Federal
Disability
Insurance
Trust Fund
RalLroad
Retirement
Account
Unemployment
Trust
Fund
141
121
-545
258
274
-1,255
-1,011
-41
-952
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
72
-44
44
-1
-16
-16
-56
-17
-21
-35
-44
314
548
803
671
958
871
1,063
1,034
-69
-34
-16
-267
-35
-179
-3
-11
-9
-4
-4
-4
164
325
729
552
494
285
21
36
-33
-35
264
-78
-63
-828
357
-57
61
.14
.
73
135
89
95
76
62
18
-3
-6
-6
27
112
62
333
111
90
19
13
-3
55
-15
32
41
-11
-16
«
74
64
-41
-90
22
47
5
-10
-259
823
-118
-1,013
1,449
-520
-852
-67
752
45
-4
-72
-6
-55
-79
622
-109
-10
-7
September
-992
1,470
-572
-9
-6
-4
-3
October.
November.
December.
-796
382
-626
-847
-655
135
-46
-4
-72
-66
-20
-67
-126
369
-612
-5
-3
-5
-4
-2
-5
Aiigust
-369
-386
286
-118
72
5
-73
-7
423
July.
-100
28
36
45
38
98
-25
74
38
June . .
8V
404
418
-393
-428
233
54
-319
1,101
-341
.
38
U
61
-455
2,127
546
April.
May
404
23
Other
trust
accounts
65
-455
2,182
642
.
Federal
intermediate credit
banks j/
202
-1,U1
Febmary
Uarch.
Highway
Trust
Fund
41
66
-1,137
437
-13
1962-January.
Federal
employees
retirement
funds
63
1
3
3
I
January 196J
13
.
TRUST ACCOUNT AND OTHER TRANSACTIONS
.
Table 5.- Net Redemption or Sale of Obllgationa of Government Agencies in the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
-602
-173
-1,085
-567
-71
-1,023
733
-658
1955.
1956.
1957.
1958.
1959.
1960,
1961.
1962
1962-January.
February.
March. . .
April.
. .
May
June
. .
.
July
August . .
September
October.
November.
December,
165
Total
guaranteed
37
-30
-33
6
-10
-29
-100
-204
Federal
Farm
Mortgage
Corporation
Federal
Ifousing
Administration
Home
Ovmers'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadliim
fund
Public enterprise funds
Total not
guaranteed
v
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association M
Hsme
Ovmers'
Loan
Corpo-
ration
Treasury Bulletin
1»^
TRUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiacal year
or month
January i96J
15
CASH INCCME AND OUTGO
The cash Income and outgo data appearing In the Treas-
ury Bulletin, beginning with the February 195^ Issue,
are
on a basis consistent with receipts from and payments to
the public as derived In the 1957 and subsequent Budgets
of the United States (In the Budget for 1963 In Special
Analysis 3).
Reconciliation to cash deposits and with-
drawals In the account of the Treasurer of the United States
le
shown on the same basis as In the Budget documents.
There Is also shown the amount of net cash borrowing from,
By these arrange-
or repayment of borrowing to, the public.
actions which are reported as both expenditures and receipts
are excluded from both.
Noncash Items representing the
obligation of the Qovernment to make payments In the future
also are eliminated from expenditures but are added later
when actual payments are made. These Items consist of
certain Interest accrued on the public debt, expenditures
Involving the Issuance of a few special public debt securiReceipts from the exercise
ties, and clearing accounts.
of monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
ments, data In accordance with the Budget classifications
public Includes net borrowing by the Treasury through public
Figures for back years
have been revised where necessary In order to make them as
debt transactions and also net borrowing by Government
agencies and Government-sponsored enterprises through sales
nearly comparable with current Budget classifications as
of their own securities.
are made available month by month.
available data will permit.
For this reason certain of the
It excludes changes In the public
debt which do not represent direct cash borrowing from the
The net effect of all these transactions with the
figures differ somewhat from those published In earlier
public.
Budget documents as well as In the Bulletin.
public Is reflected In changes In the balance In the Treas-
The Bureau of the Budget series of cash transactions
urer's account and In cash held outside the Treasury.
designed to provide Information on the flow of money
Cash transactions through the Treasurer's account are
between the public and the Federal Government as a whole,
similar In general concept to those Included In the Bureau
and therefore Includes transactions not cleared through
of the Budget series,
Is
the Treasurer's account.
Receipts and payments Include
transactions both In budget accounts *nd In trust and deposit fund accounts.
Operations of Oovernment-eponBored
enterprises are Included In payments on
flected In Treasury reports.
a
net basis as re-
but are limited In coverage to trans-
On the
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from
actions which affect the balance In that account.
the public In the Bureau of the Budget series.
Major Intragovemmental trans-
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Treasury Bulletin
16
.
CASH INCCME AND OUTGO
,
Table 2.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In millions of dollars)
January 196J
17
CASH INCCME AND OUTCX)
Table
3,
-
Derivation of Federal Government Paymentp to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
Treasury Bulletin
18
,
CASH INCCME AND 0UTCX3
Table 4.- IntraROvernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
January i96J
19
CASH INCCME AND OUTGO
Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
Treasury Bulletin
20
.
CASH INCCME AND OUTGO
Table 6.- Derivation of Federal Government Net Caph 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)
January 1%'}
Treasury Bulletin
22
CASH INCCME AND OUTGO
Table 7.- Summary of Cash Tranpactlone through the Account of the Treapurer
of the United States
(In millions of dollars)
,..
,
January 196J
23
.
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
account to the tax and loan account In the same bank. On
reflects not only budget receipts and expenditures but
occasions, to the extent authorized by the Treasury,
also trust, deposit fund, and public debt transactions.
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
customers.
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
'branches.
As the balances In these accounts become dethey are restored by calling In (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
pleted,
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
In this way the Treasury Is able
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
applicable to
eill
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Oovernment 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 275-23'+.
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accoxmts in
special
depositaries
Gold in
Treasury
fund
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
In Federal
Reserve
Banks in
process of
collection
Liabilities
In other
depositaries
Total
assets
1/
Balance in
account of
Treasurer
of U. S.
W6
4,365
4,633
4,082
8,218
493
501
489
401
5,239
5,656
5,069
9,030
187
159
190
259
93
37
37
49
343
421
302
500
438
440
287
365
6,362
6,712
6,037
9,990
101
106
109
121
4,380
7,068
408
612
3,744
6,458
5,453
8,815
306
253
179
U7
63
P8
64
70
273
337
222
303
429
375
335
441
5,451
8,092
6,769
10,509
1961-December.
465
5,157
118
5,740
181
81
173
391
6,566
72
6,494
1962-January. ,
February..
362
449
403
3,552
4,172
5,568
117
104
117
4,031
4,725
6,088
209
210
186
104
52
72
259
291
239
456
428
443
5,059
5,705
7,029
77
79
110
4,981
5,626
6,919
569
526
612
4,150
6,623
4,836
7,271
9,548
171
170
147
58
102
70
519
238
303
504
435
441
6,089
8,216
10,509
94
8,815
117
121
121
79
5,995
8,141
10,430
July
August . , .
September.
390
478
400
5,089
7,210
7,919
120
125
116
5,600
7,813
8,435
165
165
167
57
76
76
251
178
310
373
367
363
6,4A6
8,599
9,350
66
69
81
6,380
8,530
9,268
October
November,
December,
513
585
597
5,131
5,728
6,092
130
116
126
5,774
6,428
161
155
162
58
74
93
244
214
234
351
341
284
6,589
7,212
7,586
71
103
77
6,518
7,109
7,509
1955
1956
380
522
1957
1958
'198
1959
1960
1961
1962
535
504
410
March
April
May
June
,
5,969
9,548
6,8U
Daily Treasury statement,
Source:
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc. Post Office
Department and postmasters' disbursing accounts also are Included
(See footnote 2 ). Treasurer's checks outthrough November 1954.
standing are included through June 1958, after which they are included
(See footnote 3).
in the balance in the Treasurer's account,
2/ Beginning December 1954, Post Office Department and postmasters'
disbursing accounts are not treated as liability accounts of the
Treasurer of the United States, but are classified and treated
2/
6,216 2/
6,546
5,590
9,749
100 2/
87
5,350 i/
8,005
6,694
10,430
166
447
240
75
79
75
as other disbursing accounts, in accordance with the change in method
of reporting Post Office transactions (see "^Budget Receipts and Expenditures," Table 3), An adjustment of -$207 million in the balance
in the Treasurer's account (and in the "clearing account") reflects
2/
this change,
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was carried
as a liability until paid. Effective July 1958, the balance is not
reduced until the checks are paid, a procedure also applying to checks
drawn on the Treasurer by Ciovemment disbursing officers and agencies.
.
.,
Treasury Bulletin
2U-
.ACCOUNT OF THE TREASURER OF THE UNITED STATES,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Proceeds from sales of securities
Fiscal year
or month
1955
1956
1957
1958
1959
,
,
,
1960
1961
,
1962
,
Savings
bonds
Withheld
and
excise g/
Other
2,679
2,787
2,725
7,784
7,613
5,898
7,920
1,788
3,774
33,059
34,511
37,519
6,053
3,491
980
301
September
1,139
227
211
180
200
196
209
1,453
1,989
1
2,963
End of
period
55,044
58,520
7,299
5,486
6,078
8,869
8,055
6,521
57,496
55,842
56,438
54,782
56,847
53,076
6,458
5,453
8,815
6,458
7,653
8,889
1,539
5,256
5,029
5,157
5,512
29
2,764
4,599
5,920
4,369
3,979
4,523
3,552
4,172
5,568
5,197
4,200
6,184
2,734
4,826
6,076
4,152
2,353
3,885
4,150
6,623
8,815
5,032
7,129
8,889
1,803
6,758
5,479
5,528
4,637
4,770
5,089
7,210
7,919
8,743
7,631
7,919
4,553
4,438
5,738
7,342
3,841
5,374
5,131
5,728
6,092
9,487
9,U2
3,872
1,377
4,619
4,058
7
1,809
1,5W
61
4,557
3,986
1,312
34
1,596
39,
MO
45,448
Average
High
4,365
4,633
4,082
8,218
3,744
1,828
1,354
4,242
3,933
Withdrawals
42,545
38,871
46,000
50,908
62,994
4,370
207
210
October...
November.
December.
42,074
2,967
4,611
4,152
7,903
5,919
210
.
Total
credits
20,538
23,897
26,709
27,881
29,190
229
220
July
Income (by
special
arrangement ) 2/
8,167
786
6,568
13,513
13,164
1962-January..
February.
March....
June
During period
5,977
6,035
5,043
2,922
7,581
225
April
May
Taxes
4,424
3,810
2,976
2,824
2,668
1%1-December.,
Axigust .
Tax
anticipation
securities
^
5,824
6,188
1,910
..
,
,
-
.
Jatittary 196 J
25
.DEBT OUTSTANDING,
Table 1.- Summary of Federal Securities
(In millions of dollars)
Interest-bearing debt
Total outstanding
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Total
Guaranteed
Public
debt
Total
tles
Matured
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
1961-Dec ember.
296,499
296,169
107
101
111
140
240
444
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,B86
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
330
293,019
292,689
293,111
293,549
292,485
44
74
International
Monetary
Fund
2/i/
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
^
Special notes to -
secxiri-
International
Development
Association
InterAmerican
Development Bank
Other
6/
477
460
73
106
101
110
139
240
444
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
2,633
2,868
2,042
1,646
2,873
3,090
3,299
3,759
5S9
666
529
597
476
445
349
438
1,567
1,742
1,068
618
1,979
2,238
2,496
2,667
58
115
55
444
430
417
407
396
484
330
3,480
3,480
463
2,388
115
25
488
3,403
3,434
3,603
385
396
115
115
115
25
25
25
487
487
487
43
296,860
297,354
296,489
296,513
296,983
296,088
347
371
402
293,455
293,919
292,885
400
3,405
3,436
3,605
356
2,390
2,411
2,620
296,952
299,174
298, 2 Ql
405
293,361
295,519
294,442
404
429
444
3,592
3,656
3,759
3,591
3,655
3,759
343
351
438
2,620
2,648
2,667
115
115
115
55
55
487
486
484
July
August
September.
298,324
302,312
299,986
297,876
301,842
299,498
430
444
448
470
487
293,765
295,948
294,886
25
June
297,357
299,604
298,645
294,363
298,372
296,057
293,918
297,904
295,571
445
468
486
3,960
3,939
3,929
3,958
3,938
3,927
343
342
332
2,962
3,002
3,002
115
115
115
55
55
55
483
423
423
302,553
305,893
303,988
302,067
305,390
303,470
486
503
518
298,630
301,886
299,726
298,145
301,384
299,209
485
502
517
3,923
4,007
4,262
3,922
4,006
4,261
297
299
551
3,002
3,012
3,012
115
173
151
85
100
125
422
422
422
1962- January.
February.
March. . .
April
May
. .
October.
November.
December.
344
369
Daily Treasury statement.
Source:
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1,
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D. C.
Guaranteed
securities 2/
(matured)
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter- American
Development Bank in payment of part of the U. S. subscription to each
(see "Budget Receipts and Expenditures," Table 3, footnote 13).
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
'2J
6/
*
Table 2,- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Total
public
debt
Bills
Certificates
2.079
2.427
2.707
2.546
2.891
3.449
3.063
3.2S5
1.539
2.654
3.197
1.033
3.316
3.815
2.584
2.926
1.173
2.625
3.345
3.330
2.842
4.721
3.073
3.377
Total
2/
7,325
7,245
8,066
9,316
8,761
9,519
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.239
9,167
9,156
3.135
3.135
3.146
2.701
3.155
3.180
3.210
3.155
3.180
3.209
3.173
3.206
3.248
2.807
2.858
2.915
6,388
6,952
7,328
7,248
8,069
9,320
8,769
9,534
6,387
6,950
1961.
1962.
271,741
269,883
268,486
274,698
281,833
283,241
285,672
294,442
1961-December
293,019
292,689
1%0.
Marketable issues
2.351
2.576
2.730
2.638
2.867
3.297
3.072
3.240
271,785
269,956
268,592
274,798
281,944
283,380
285,911
294,886
1955.
1956.
1957.
1958.
1959.
Public debt
Total
interest
bearing
securities
Notes
Treasury
bonds
Nonmarketable
issues
Special
issues
u
Guaranteed
securities
1/
2.789
2.824
2.853
2.892
2.925
3.219
3.330
3-364
2.585
2.705
2.635
2.630
2.694
2.772
2.803
2.891
2.590
2.606
2.611
2.622
2.628
2.681
3.680
2.480
2.485
2.482
2.576
2.619
2.639
2.829
3.122
3.000
3.6U
2.966
3.350
2.823
3.332
3.000
3.277
3.277
3.612
3.696
3.692
2.981
2.981
3.054
3.354
3.361
3.365
2.821
2.835
2.841
.356
.386
.421
1.846
2.075
2.504
2.806
3.304
4.058
3.704
3.144
3.500
293,455
293,919
292,885
293,111
293,549
292,485
9,238
9,326
9,382
9,226
9,314
9,368
293,361
295,519
294,442
9,413
9,543
9,519
3.216
3.236
3.240
3.215
3.236
3.239
.253
,280
.285
2.927
2.927
2.926
3.377
3.692
3.681
3.680
3.065
3.117
3.122
3.367
3.370
3.364
.846
.879
.891
3.461
3.488
3.500
294,363
298,372
2%, 057
293,918
297,904
295,571
9,427
9,558
9,534
9,538
9,715
9,704
3.277
June
July
August ....
September.
293,765
295,948
294,886
9,523
9,699
9,687
3.247
3.263
3.285
3.247
3.262
3.284
295
315
3.346
2.978
3.005
3.019
3.377
3.418
3.426
3.679
3.730
3.785
3.122
3.369
3.373
3.377
,883
,902
3.179
901
3.509
3.516
3.527
October.
November.
December.
298,630
301,886
299,726
298,145
301,384
299,209
9,765
9,904
9,859
9,747
9,886
9,841
3.277
3.288
3.298
3.277
3.288
3.297
3.335
3.348
3.357
2.976
2.976
2.989
3.426
3.362
3.362
3.807
3.179
3.227
3.241
3.383
3.387
3.395
2.884
2.891
2.898
3.554
3.569
3.584
1962- January.
February.
March. . .
April
May
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest. The charge is computed for each issue
by applying the appropriate annual interest rate to the amount outstanding on that date (the amount actually borrowed in the case of securities
sold at a premium or discount, beginning with May 1960). The aggregate
charge for all interest-bearing issues constitutes the total computed
annual Interest charge. The average annual interest rate Is computed
by dividing the computed annual interest charge for the total, or for
3. 37'?
3.853
3.852
3.U8
any group of issues, by the corresponding principal amount. Beginning with data for December 31, 1958, the computation is based
on the rate of effective yield for issues sold at premium or discount.
Prior to that date it was based on the coupon rate for all
Issues.
i/
2/
j/
ij
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through May 1961; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
,
.,
Treasury Bulletin
26
.DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
Nonmarketable
Marketable
End of
fiscal
year or
month
Total
Interestbearing
public
debt
Total
public
issues
Bills
Certificates
Notes
Treasury
bonds
Other
bonds
U. S.
Total
V
savings
bonds
Treasury
bonds
investment
series
Depositary
bonds
Other
2/
1,913
Special
Issues
43,250
45,114
46,827
46,246
44,756
1955
1956
1957
1958
1959
271,741
269,883
268,486
274,698
281,833
228,491
224,769
221,658
228,452
237,078
155,206
154,953
155,705
166,675
178,027
19,514
20,808
23,420
22,406
32,017
13,836
16,303
20,473
32,920
33,843
40,729
35,952
30,973
20,416
27,314
81,057
81,840
80,789
90,883
84,803
71
50
50
50
50
73,285
69,817
65,953
61,777
59,050
58,365
57,497
54,622
51,934
50,503
12,589
12,009
11,135
9,621
8,365
417
310
196
171
183
1960
1961
1962
283,241
285,672
294,442
238,342
240,629
249,503
183,845
187,148
196,072
33,415
36,723
42,036
17,650
13,338
13,547
51,483
56,257
65,464
81,247
80,830
75,025
50
54,497
53,481
53,431
47,544
47,607
6,783
5,830
4,727
170
117
138
960
44,899
45,043
44,939
1961-Dec..
292,689
249,169
195,965
43,444
5,509
71,526
75,486
53,205
47,458
5,074
154
519
43,520
1962- Jan.
293,111
293,549
292,485
250,806
250,798
249,676
197,628
197,609
196,524
43,947
44,246
43,043
5,509
12,375
12,370
71,574
64,400
64,538
76,598
76,588
76,573
53,178
53,189
53,152
47,500
47,549
47,569
5,008
4,972
4,840
148
146
144
522
522
599
42,304
42,751
42,809
293,361
295,519
294,442
251,240
251,227
249,503
198,138
198,193
196,072
43,441
43,747
42,036
12,371
13,547
13,547
64,511
65,435
65,464
77,815
75,465
75,025
53,101
53,034
53,431
47,581
47,585
47,607
4,778
4,757
4,727
143
143
138
600
549
960
42,122
44,291
44,939
293,918
297,904
295,571
250,122
252,478
251,013
196,870
199,295
197,951
42,838
43,637
42,236
13,547
20,399
17,849
65,477
58,062
58,104
75,008
77,197
79,762
53,252
53,183
53,062
47,653
47,697
47,717
4,713
4,646
4,574
116
116
96
769
724
674
43,796
45,427
44,559
298, W5
301,384
254,256
257,222
255,784
201,311
204,222
203,011
46,139
47,843
48,250
17,854
22,710
22,710
57,583
53,653
53,679
79,734
80,015
78,371
52,945
53,000
52,772
47,680
47,720
47,535
4,490
4,477
4,443
95
95
110
680
708
43,890
44,163
43,426
Feb..
Mar.
Apr.,
May.,
Jirne,
July.
Aug..
Sept
Oct..
Nov.
Deo..
299,209
Daily Treasury statement.
Source:
l/ Consists of Panama Canal bonds through May 1961, and also postal
savings bonds until the last of these bonds matured on July 1, 1955.
2/ Consists of Treasury savings notes (1955); Treasury bonds, R. E. A.
series beginning July 1960; certificates of indebtedness - foreign
Table 4.- Average Length
ar
47,5M
19
685
series beginning August 1961; and the dollar equivalent of:
Certificates of indebtedness, foreign currency series issued
and payable in Swiss francs beginning October 1961 and in
Italian lire beginning January 1962, and Treasury bonds Issued
and payable in Italian lire and Swiss francs beginning
October 1962.
...
January 1961
27
.DEBT OOTSTANDING.
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Insurance
Trust Fund
18,239
19,467
19,463
18,610
94
103
103
112
6,168
6,667
7,394
7,738
1,233
1,217
1,200
1,144
116
104
138
182
8,608
9,397
10,414
11,382
1,127
1,107
1,071
1,028
429
74
17,227
16,413
16,200
15,074
234
436
5,742
5,803
5,759
5,804
2,237
50
15,076
120
10,718
1,025
75
5,679
2,170
2,208
2,222
78
78
126
14,227
14,584
14,639
120
120
10,764
10,818
10,879
1,021
1,017
1,012
80
118
217
5,677
5,666
5,657
495
496
500
2,192
2,267
2,304
57
76
74
14,313
15,415
15,074
182
10,988
11,050
11,382
1,006
1,001
1,028
328
417
436
5,648
5,640
5,804
2,237
2,272
2,268
142
106
71
14,222
U,559
435
658
445
U,943
U,575
113
223
129
11,437
11,480
11,521
1,022
1,018
1,015
421
421
410
5,793
5,786
5,777
43,890
44,163
43,426
449
443
443
2,221
2,217
264
13,920
14,055
13,669
130
116
119
11,596
11,660
11,707
1,010
1,008
1,002
369
279
285
5,772
5,769
5,763
Federal
Disability
Insurance
Trust
Fund
46,827
46,246
835
673
718
673
325
996
50
165
1959
1960
1961
1962
44,756
44,899
45,043
44,939
629
694
556
500
1,533
2,017
2,299
2,304
165
59
50
1961-DeGeiDber.
43,520
543
1962- January..
February.
42,304
42,751
42,809
538
596
564
42,122
44,291
44,939
July
August. ,
September,
43,796
45,427
October. ..
November.
December.
1955
1956
1957
1958
Total
-
^3,250
45,11.4
,
,
March
April
May
June
,
Federal
Old-Age
and
Federal
Savings
and Loan
Insurance
Corporation
Federal
Deposit
Insurance
Corporation
End of fiscal
year or month
Federal
home
loan
banks
200
52
2,U5
191
51
Sxirvivors
92
44
74
Source:
Dally Treasury statement.
1/ Includes Canal Zone Postal Savings System through July 1959.
2/ Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
GovernFederal
ment
employees^
Life
retirement
Insurance
funds
Fund
High-
way
Trust
Fund
404
822
1
National
Postal
Service
Savings
Life
System
Insurance
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
3,486
3,600
3,475
3,531
7,479
7,737
7,996
6,671
3,417
3,586
3,504
3,316
5,636
5,580
4,625
4,657
126
138
192
156
3,135
4,707
153
3,045
2,996
2,976
4,430
4,394
4,215
156
155
155
26
2,900
2,893
3,316
3,952
4,775
4,657
152
153
156
18
6
3,244
3,203
US
4,578
5,175
5,066
133
134
135
3,082
3,062
2,996
4,940
5,226
5,108
137
138
V
5,346
5,481
5,570
5,665
91
6
5
26
56
47
35
3,
Other
2/
79
112
123
120
139
Adjusted Service Certificate Fund (through December 1956), various
housing insurance funds, and Veterans' Special Term Insurance Fund.
Less than $500,000.
.
.. ,
Treasury Bulletin
2g
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Housing and Home
Finance Agency
Agricultxire Department
End of
fiscal
year or
month
Total
Commodity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
programs
ExportImport
Bank of
Washington
2/
1/
1,356
2,016
2,061
2,067
1,530
1,530
1,530
1,965
1,962
1,%1
22
22
22
1,092
1,091
1,062
121
121
121
1,530
1,530
1,530
1,979
1,977
1,976
21
21
22
830
830
830
121
121
121
1,580
1,580
1,580
1,978
1,982
1,989
22
22
22
829
829
818
L21
121
121
1,640
1,640
1,640
1,987
1,987
1,986
22
22
22
1,620
1,676
1,689
3,266
3,198
3,173
32
72
961
988
973
1,806
1,841
1,680
1,730
1,746
1,778
3,133
3,139
3,166
719
773
840
12,553
12,618
12,990
3,548
3,548
3,484
860
Jxme.
28,593
28,389
28,634
July
August , , .
September.
27,836
27,516
27,912
12,
U5
3,574
3,574
3,574
885
3,654
3,654
3,572
865
854
Daily Treasury statement.
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury. Further detail may be found in the 1961
Annual Report of the Secretary of the Treasury, page 736, and the 1961
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, page 494.
Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities Issued under the Defense Production
V
Act.
2/
Soxirce:
Note:
4/
121
121
121
1,783
1,796
1,804
3,498
3,498
3,498
j/
1,092
1,092
1,092
888
913
12,095
12,163
12,389
2/
22
40
42
27,789
28,013
28,303
1/
1,971
3,235
3,233
3,167
1962-January.
February.
March. . -
Consists of notes issued to borrow for: the urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans beginning fiscal 1956.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
^
37
32
93
44
41
83
U
1,530
1,491
1,506
1,567
695
35
6/
121
2,122
1,836
1,830
3,423
41
Other
2/
1,093
33
33
11,952
12,598
12,451
12,884
3,202
3,167
38
program
Under
Defense
Production
Act
of 1950
112
118
121
121
3,309
3,328
3,275
27,527
28,550
28,484
28,748
27
29
130
165
282
476
730
977
1,213
1,567
Veterans'
Tenn.
AdminisValley tration:
Author- Direct
ity
loan
1,002
1,144
1,294
1,723
1,950
1,970
1,964
1,976
1,388
1,430
1,470
1961-December.
October.
November,
December,
2,351
2,338
1,310
1,239
1,205
1,528
1,937
1,636
1,698
1,830
Saint
Laurence
Seaway
Development
Corporation
491
584
733
780
930
1,180
1,330
1,530
30
1962.
3,155
3,332
3,484
162
151
265
256
323
369
456
854
11,778
12,123
61
3,333
2,207
2,343
2,519
2,728
2,923
April.
May...
1,966
1,954
1,741
1,502
^
32
32
7,608
11,190
13,383
11,528
12,874
12,704
11,534
12,990
1%1.
^
Public
Housing
Administration
for
International
Development
1,209
1,213
1,198
1,188
1,164
1,138
1,107
1,062
16,175
20,049
22,731
21,859
25,343
25,636
26,011
28,634
1955.
1956.
1957.
1958.
1959.
1960.
Federal
Adminis- National
Mortgage
trator
Associ2/
ation
Agency
3
14
16
48
97
25
25
25
11
21
18
22
21
22
22
from the Reconstruction Finance Corporation.
And predecessor agencies. Beginning fiscal 1957, figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation of these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others Issued for the same purpose are included in "Other."
Consists of notes of: the Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal years 1955-57; United States
Information Agency for informational media guaranties beginning fiscal
1957 (see footnote 5); Secretary of Commerce (Maritime Administration)
for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61;
Virgin Islands Corporation beginning fiscal 1960; and District of
Columbia Commissioners for the Stadium Sinking Fund beginning June 1962.
.
1
. ,
•
.
January 1961
29
.DEBT OUTSTANDING.
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
End of fiscal
year or month
Total
Banks for
cooperatives
Federal
home loan
banks 1/
Federa
intermediate
credit banks
Federal National
Mortgage Association
Federal land
banks 2/ 2/
Management
and liquidating issues
All other
issues
100
1,050
1,165
Tennessee
Valley
Authority
1955.
1956.
1957.
1958.
2,876
3,889
5,013
5,423
110
133
179
199
341
929
738
456
793
834
924
1,159
1,061
1,322
1,552
1,646
570
570
570
797
1959.
1960.
1961.
1962.
6,708
8,407
7,765
9,332
284
330
382
430
992
1,259
1,055
1,797
1,456
1,600
1,723
1,855
1,888
2,137
2,357
2,550
797
797
1961-Dec ember.
8,574
434
1,571
1,585
2,431
2,453
1962- January.
February.
March. . .
8,819
8,770
8,995
434
452
452
1,683
1,443
1,602
1,569
1,602
1,644
2,431
2,495
2,495
2,602
2,633
2,658
100
145
145
8,911
9,049
9,332
441
441
430
1,501
1,566
1,797
1,718
1,781
1,855
2,4,95
2,550
2,550
2,612
2,566
2,556
145
June.
July
August , , ,
September.
9,593
9,865
9,883
430
482
474
2,108
2,233
2,257
1,926
1,950
1,930
2,550
2,596
2,596
2,435
2,458
2,481
145
145
October...
November.
December.
10,293
10,213
10,133
480
480
2,707
2,707
2,707
1,842
1,774
1,727
2,628
2,628
2,628
2,492
2,479
2,422
April.
May...
Source:
Note:
1/
504
Office of Debt Analysis and agency reports.
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks
ended in July 1951.
2/
2/
1,290
2,284
2,198
2,556
50
W5
U5
145
M5
W5
W5
U5
The proprietary interest of .he United States in these banks ended
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public
offerings.
j
Treasury Bulletin
30
.STATUTORY DEBT LIMITATION.
1956); $5 billion from February 26, 1958, through June 30,
The Second Liberty Bond Act 3I U.S.C. 757l>). as
amended by an act approved June 30, 1959, provides that
the face amount of obllgatlone Issued under authority of
that act, and the face amount of obligations guaranteed as
to principal and Interest by the United States (except
(
^aranteed obligations held
1959 (act of February 26, 1953); 310 billion from July 1,
1959, through June JO, I96O (act of June 30, 1959); 88
billion from July 1, I96O, through June 30, I96I (act of
June 30, i960); $13 billion from July 1, 1961, and an additional $2 billion from March I3, 1962, through June 30, 1962
(actB of June 30, 1961, and March 13, 1962); and $23 billion
by the Secretary of the TreaB-
ury) shall not exceed In the aggregate S2S5 billion outstanding at any one time. The corresponding limitation In
effect under the act of June 26, 19^6, was S275 billion and
that under the act of September
2,
from July 1, 1962, through March 3I, 1963, $20 billion from
April 1 through June 2^, I963, $15 billion from June 25
through June 30, I963 (act approved July 1, 1962). Obligations ISEued on a discount basis and subject to redemption
1958, was $283 billion.
In addition, temporary Increases have been authorized as
follows: $6 billion from August 2g, 195M-, through June 30,
prior to maturity at the option of the owner are Included
In the statutory debt limitation at current redemption
1956(act8 of Ai«uBt 2S, 195"+, Bn& June 30, 1955); 83 billion
from July 1, I956, through June 30, 1957 (act of July 9,
values.
Table 1.- Status under Limitation December 31, 1962
(In millions of dollars)
by the act
Maximum amount of securities which may be outstanding at any one time under limitation imposed
by the act of July 1, 1962
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily
Amount of securities outstanding subject to such statutory debt limitation:
as amended
D. S. Government securities issued under the Second Liberty Bond Act,
Guaranteed securities held outside the Treasury
308,000
303, 098
518
303,616
Total amount of securities outstanding subject to statutory debt limitation
4,38^
Balance issuable under limitation
Daily Treasury statement.
Source:
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding December 31, 1962
(In millions of dollars
Subject to
statutory debt
limitation
Class of security
Not subject to
statutory debt
limitation
Total
outstanding
Public debt:
Interest-bearing securities:
Biarketable:
Treasxiry bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Total marketable
Nonmarketable:
Certificates of indebtedness, foreign series
Certificates of indebtedness, foreign currency series.
Treasury bonds, foreign currency series
U. S. savings bonds (current redemption value)
Depositary bonds
Treasury bonds , investment series
Treasury bonds, R. E. A. series
203,011
360
360
48
48
251
47,535
110
4,443
26
no
Total Interest-bearing securities
Matured securities on which Interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary FXmd series
International Development Association series
Inter-American Development Bank series
,
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes,
other debt bearing no Interest
Total debt bearing no interest.
Tota 1 public debt
^
52,772
52,772
43,426
43,426
299,209
299,209
548
551
52
52
1
1
3,012
151
125
3,012
151
125
191
119
59
191
U9
59
3,341
369
3,710
303,098
372
303,470
517
517
Total guaranteed securities.
1
1
518
518
303,616
Total public debt and guaranteed securities.
Daily Treasury statement.
203,011
4,443
26
Special issues to Government agencies and trust funds.
Source:
48,250
22,710
53,679
78,371
251
47,535
Total nonmarketable
Guaranteed securities:
Interest-bearing
Matured
48,250
22,710
53,679
78,371
j/
Held outside the Treasury.
372
303,988
January i96J
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS,
Marketable Securities
Table 1.- Maturity Schedule of Interest-Bearing Public
Outstanding December 31, 1962
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
Amount of TiiBturities
Held by -
Year
and
month
of final
maturity
1/
S. Govt,
investment All
other
accounts
investors
and Fed.
Res. Banks
U.
Description of security
Total
Description of security
1/
1972
1968
May.
3-7/8JS Bond
5/15/68
2,460
397
2,063
Aug.
3-3/4^ Bond
8/15/68
1,258
130
1,127
Dec.
Year
and
month
of final
maturity
2-1/2? Bond
12/15/63-68
Total.
1,816
230
1,586
5,533
757
4,777
4?
June.
2-1/2? Bond
Aug..
4?
Sept.
2-1/2? Bond
Dec.
2-1/2? Bond
Total.
1969
1974
Bond
2/15/69
1,844
119
1,725
June.... 2-1/2^ Bond
6/15/64-69
2,633
509
2,124
Feb.
^%
Oct.
i%
Bond
10/1/69
2,538
333
2,205
Deo.
2-1/2? Bond
12/15/64-69
2,544
538
2,006
9,558
1,499
8,059
Total.
1970
2-1/2? Bond
3/15/65-70
2,423
773
1,650
Mar.
2-1/2? Bond
3/15/66-71
1,411
388
1,023
Aug.
4?
Bond
8/15/71
2,806
461
2,345
3-7/8? Bond
11/15/71
1,245
119
1,126
5,461
968
Mar,
1971
Total.
Bond
Feb..
Bond
January 196J
33
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Treasury Bulletin
3^
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Average price
per hundred
^
Price per hundred
Equivalent rate
^
Price per hundred
Equivalent rate
2.805
2.957
99,279
98,491
2.852
2.985
2.777
2.892
99,292
98,521
2.801
2.925
2,769
2,949
99,292
98,498
2.801
2.971
6
J99.234
\98.495
2.834
2.977
99.291
98.505
.
!•}
f99.295
198.528
2.789
2.911
99.298
98.538
Sept .
20
/99.293
198.503
2.796
2.962
99.300
98.509
27
2.749
2.938
99.310
98.518
2,730
2,931
99,302
199.305
198.515
Oct.
(99.304
\98.533
2.752
2.902
99,310
98,537
730
894
99,300
98.530
2.769
2.908
A
11
/99.302
\98.552
2.760
2.864
99.308
98.560
,738
,848
99,300
98,550
2.769
2.868
Oct.
(99.305
Oct.
18
2.749
2.843
99.310
98.570
,730
.829
99,303
98.562
2.757
2.844
Oct.
25
2.742
2.828
99.312
98.576
2,722
2.817
99,305
98,568
2.749
2.833
2.686
2.775
99.325
98.601
2.670
2.767
99,318
98.5%
2.698
2.777
2.841
2.927
99.287 2/
98.526 10/
2.821
2.916
99.279
98.519
2.852
2.929
99.295
98,570 11/
2.789
2.829
99.290
98.559
2.809
2.850
198.561
2.801
2.846
99,258
2.827
2.876
2.866
99.245
99.248
99.290
98.539
2.840
2.906
1962-Sept.
Sept
Sept.
198.563
i99.307
1,98.570
f
99. 321
Nov.
198.597
Nov.
\98.520
(99. 282
(99. 292
Nov.
15p
Nov
15
y.
6/
2/
8/
98, 5U
- 761
2.939
Nov
23p....
198.546
2.833
2.892
99,297
98,552 12/
2.812
2.880
Nov,
29p
f99.279
I98.5O8
2.853
2.936
99,292
98,518 12/
2.801
2.915
99.276
98.502
2.864
2.947
(99.277
198.511
2.861
2.945
99,281
98,520
2.844.
2.927
99.274
98.509
2.872
2.949
J 99. 290
2.807
2.861
99.299
98.562
2.773
2.844
99.286
98.548
2.825
2.872
[99.292
Dec.
6p....
Dec.
13p.
Dec.
20p.
2.860
2.900
99.281
98.544
a/
iV
2.844
2.880
99.274
98.530
2,872
2.908
198.534
Dec.
27p.
{99.269
198.522
2.893
2.924
99.275
98.530 16/
2.868
2.908
99.268
98.517
2.896
2.933
98.536
98.765
2.896
2.616
98.549 12/
98.820 18/
2.870
2.499
98.529
98.757
2.910
2.632
3
2.975
97.037 12/
96.979
2,988
96.992
2.930
Ifa.
96.
3.381
2.957
96.730 2^/
97.019 22/
3.340
2.918
3.225
2.940
96.572
97.002
96.682
96.980
2,979
15
96.588
97.012
96.698
96,989
3.366
2.943
3.257
2.969
96.943
3.015
96,958 22/
3.000
96.938
3.020
15p.
198.554
/99.277
Tax anticipation bills:
1962-Mar.
Oct.
23
^
(Percent)
(Percent)
(Percent)
Re gular weekly bills;
Low
High
Equivalent average
rate
(Continued)
On competitive bids accepted
On total bids accepted
lasue date
-
Other bills:
1961-Oct.
1962- Jan.
Apr.
July
Oct.
1963-J8n.
^
6/
7/
8/
^
9/
11/
12/
ly
iV
ly
15.
15.
15.
Banx discount basis.
Except $200,000 at 98,525.
Except «200,000 at 98.526, $100,000 at
Except $100,000 at 98.584.
Except $1,500,000 at 99.319.
Except $100,000 at 98.601, $100,000 at
and $100,000 at 98.584.
Except $100,000 at 98.584.
Except $50,000 at 98.567, and $150,000
Except $100,000 at 98.546, and $50,000
Except $300,000 at 99.290.
Except $35,000 at 98.559.
6U
22/
97.0U
98.525, and $100,000 at 98.514.
16/
12/
18/
19/
20/
98.600, $200,000 at 98.590,
21/
at 98.557.
at 98.530.
22/
22/
p
3.273
Except $400,000 at 98.538.
Except $100,000 at 99.625.
Except $100,000 at 98.962, and $3,000,000 at 98.834.
Except $100,000 at 97.070.
^
,
^
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
^
,
„ „
Except $50,000 at 96.852, $200,000 at 96.806, $100,000 at 96.800,
$25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745.
Except $500,000 at 97.029.
Except $100,000 at 97.000, and $200,000 at %.982.
Preliminary.
.....
January 196)
35
PUBLK DEBT OPHIATIOIB
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
Issue
date
.1953-Apr.
Maturity
date
23..
1953- July
23
7..
21.
28..
Aug.
Aug.
Aug.
20
27
June
June
June
June
U'*
11..
18..
25 .
Sept.
Sept.
Sept.
Sept.
10
17
24
July
July
July
2..
Oct.
Oct.
Oct.
1
8
15
Dec.
10
May
May
May
9.
16.
Sept. 10..
6
J
1955-July
July
July
July
21..
28.
Oct.
20
27
Aug.
Aug.
Aug.
Aug.
4..
11..
18..
25..
Nov.
Nov.
Nov.
Nov.
10
17
25
Sept. 1..
Sept. 8..
Sept. 15..
Dec.
Deo.
Dec.
Dec.
Dec.
Sept.
7..
U..
22..
Sept; 29..
1955- Oct.
Oct.
Oct.
1957-Jan.
31..
1957- May
Feb.
Feb.
Feb.
Feb.
7..
21.
28..
May
May
May
May
Mar.
Mar.
U..
Dec.
Dec.
19..
26..
1958-Jan.
Jan.
Jan.
Jan.
2..
16..
23..
Mar.
13..
U..
7..
9.
Sept. 11..
Sept. 18..
Sept. 25..
Oct.
Oct.
Oct.
Oct.
Oct.
2..
9.16.
23..
30..
Nov.
Hot.
6..
13..
Dec.
11..
Dec.
18..
Dec.
26..
1959-Jan.
2..
Jan.
8..
Jan.
15..
6
13
3
1
8
15
22
29
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Bills
Table 3.- New Money Financing through Regular Weekly Treasury
(Dollar amounts In millions)
Description of issue
Issue
date
1959 -Mar
Maturity
date
-
(Contlnuedl
January 1961
37
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
Description of issue
-
(Continued)
Treasurij Bulletin
3«
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)
Description of issue
(Continued)
January 196J
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscrlp^ on hnoV^
+
Treasury Bulletin
ko
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
Janaary i96J
hi
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Ckintlnued)
Date subscrip-
k2
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
January 196 J
^3
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
1/
2/
2/
i^
^
6/
2/
8/
2/
10/
11/
12/
13/
14/
15/
16/
17/
18/
23/
22/
21/
22/
22/
2i/
25/
Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
accepted bids. For details of bill offerings, see Table 2. In reopenings, the amount issued is in addition to the amount in original
offering.
From date of additional issue in case of a reopening,
Subscriptions shown are from the public, but amounts issued include
allotments to Government investment accounts.
For maturing securities exchanged for the new issues, see Table 6.
Exchange offering available to owners of nonmarketable 2-}/^% 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-1. Amounts shown are as of December 31, 1962.
The bond offering was made available for exchange of Series F and G
savings bonds maturing from May 1 through December 31, 1953.
Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banJis subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits as of December
The Treasury also reserved the right to allot limited
31, 1952.
amounts of these bonds to Government investment accounts, which subscribed to a total amount of $118 million. Payment for the bonds
allotted could be made with accrued interest at any time not later
than July 31, 1953.
Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accrued interest
to matxirity in payment of income and profits taxes due on the quarterly
payment date immediately preceding maturity.
Subscriptions for amounts up to and including $100,000 were allotted
Subscriptions for amounts over $100,000 were allotted 67
in full.
percent but in no case less than $100,000,
Subscriptions for amoxmts up to and including $10,000 were allotted
Subscriptions from mutual savings banks, insurance companies,
in full.
pension and retirement funds, and State and local governments were
allotted 24 percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
Subscriptions for amounts up to and including $10,000 were allotted
All other subscriptions were allotted 22 percent but in no
in full.
case less than $10,000.
Subscriptions for amounts up to and including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 40
in full.
percent but in no case less than $50,000,
Subscriptions for amounts up to and including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 50
in full.
percent but in no case less than $50,000.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
In addition to the
than $25,000 were allotted not less than $25,000.
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than 60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
Issued as a rollover of bills maturing January 16, 1957, and February
15, 1957, respectively.
Subscriptions in excess of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
In addition,
more than $100,000 were allotted not less than $100,000.
$100 million of the notes were allotted to Government investment
accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
three months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full, and subscriptions for more than $100,000 were allotted not less than $100,000.
26/
In addition, $100 million of each issue were allotted to Government
investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts. Payment of not more
than 50 percent could be deferred until not later than October 21,
1957.
27/
28/
22/
22/
31/
22/
22/
jV
2^
J6/
Xl/
28/
23/
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers but in no case
In addition, $100 million of the notes were
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24 percent but in no case
In addition, $100 million of the notes were
less than $25,000.
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions for more than $5,000 were allotted 60 percent to savings-type
Investors, 40 percent to commercial banks for their own accounts,
and 25 percent to all other subscribers, but in no case less than
In addition, $100 million of the bonds were allotted to
$5,000.
Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than
the minimum for each issue were allotted 44 percent on bills and
In
35 percent on notes but in no case less than the minimum.
addition, $100 million of the notes were allotted to Government
investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds were
not less than $5,000.
allotted to Government investment accounts. Savings-type investors
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the Issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
In addition, $100 million of the notes were
less than $100,000.
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savings
type investors and commercial banks, and for $10,000 or less from
all others, were allotted in full. Subscriptions for more than
In addithese minimums were allotted not less than the minimums.
investtion, $50 million of the bonds were allotted to Government
ment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
In addition, $100 million of the notes
on any one subscription.
were allotted to Government investment accounts.
Holders of approximately $1,60.0 million of Series F and C savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4)6 notes, with certain adjustments as of December 15, 1959,
Smaller denominations of savings bonds
at a price of 99-3/4/6.
could be exchanged for the next higher multiple of $1,000 of the
notes upon payment of any cash difference. Cash payments amounted
to $3 million.
Footnotes continued on following page.
Treasury Bulletin
hrh
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
AO/
Al/
A2/
43/
44/
4^/
46/
47/
48/
49/
50/
^1/
52/
53/
5 4/
55/
Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, I960 (not less than 40 percent
by April U,, the delivery date; 70 percent by May 15j and full
payment by June 15).
In addition to the amounts allotted to the
public, $100 million of the bonds were allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted In full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/4/6 Treasury notes maturing August 15, I960 (see Table 6, footnote 22),
In addition in order that holders of 3-5/S% Federal
National Mortgage Association notes maturing August 23, I960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, I960 (see footnote 44).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, I960.
Subscriptions from States, political subdivisions, or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks as provided In the offering
circular, totaled $6,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were
allotted in full up to and including $25,000; all others were allotted
13 percent but In no case less than $25,000,
Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
Subscriptions from commercial banks for their own accounts
25 percent.
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted in full; Subscriptions
for more than $5,000 were allotted not less than $5,000.
In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/255 bonds of 1980, $215.9 million of the 3-l/2?6 bonds of 1990,
and $236.5 million of the 3-l/2;5 bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
Issued in 1949, which mature in I960, were offered in exchange the
A% bonds, with certain adjustments as of December 15, I960, at a price
of 100|-,
Smaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds upon payment of any
cash difference.
Cash payments amounted to $365,375.
Subscriptions were permitted to be made with payment in cash or in
4-7/8^ Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturity February 15, 1961.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided In the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million:
those
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8^ bonds of 1966 and $540 million of the
3-5/856 bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/456 Treasury certificates or 3-5/856 Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted In full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional
5 8/
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1961.
59/ In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$480,4 million of the 3-l/2;6 bonds of 1980, $160.6 million of the
3-1/256 bonds of 1990 and $289.5 million of the 3-I/256 bonds of 1998.
60/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
61/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
62/ Includes $2 million allotted to Government investment accounts of the
3-1/456 notes, $4 million of the 3-3/456 bonds of 1966, and $136 million
of the 3-3/456 bonds of 1974.
63/ Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/856 bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
64/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
less than $50,000,
In addition, $100 million of the bonds were
allotted to Government investment accounts,
65/ Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/256 certificates and $1,518
million of the 4?6 notes,
66/ In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $385 million of the 4^ bonds of
1971, $177 million of the 456 bonds of 1980, $218 million of the 3-1/256
bonds of 1990 and $221 million of the 3-1/256 bonds of 1998.
67/ Issued for cash and In exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 3l).
68/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000,
In addition, $100 million of the bonds were
allotted to Government Investment accounts.
69/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/456 certificates, $14 million of
the 3-5/856 notes, and $64 million of the 3-7/8^ bonds.
70/ Subscriptions were permitted to be made with payment In cash or in
the 456 notes or 3-1/456 notes, both maturing August 15, 1962 (see
Table 6, footnote 32).
Jl/ Consists of allotments on subscriptions from holders of Treasury
notes maturing Au^st 15, 1962.
72/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public fxinds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Remaining footnotes on following page.
56/
57/
,
January 196J
^5
PUBLIC DEBT OPERATIONS
Footnotes to Table 4.- (Continued)
Subscriptions for the ^% bonds totaled J6,743 million and uere
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
In addition, $100 million of the bonds were allotted to
$100,000.
Government Investment accounts,
for the l,-\/L,% bonds were allotted in full. In
subscriptions
74/ All
addition, $50 million of the bonds were allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
75/ In addition to the amounts allotted to the public, there were allotted
to Government investment accounts $21 million of the 3-3/4 5^ notes
.and $320 million of the iS bonds.
76/ Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/8^ certificates, $1 million of
the 3-1/2^ notes, and $6 million of the i,$ bonds.
73/
22/
28/
79/
p
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8^ bonds or the 45E bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
$500 of the bonds upon payment of any cash difference. Cash payments
amounted to about $92,000 for the 3-7/8^ bonds and about $101,000
for the 4St bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public. The winning bid was $99.85111 per
$100 of face amount for a L$ coupon, resulting In a net basis cost
to the Treasury of 4.008210)6, calculated to maturity,
Preliminary,
Treasury Bulletin
1+6
Table 5.-
January 1961
^7
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscript! ons for Public Marketable Securities
Other Than Regular Weekly Treasury Bl lls^ (Continued)
(In millions of dollars)
Issue
ks
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills V - (Continued)
(In millions of dollars)
Issue
January 1961
i;9
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by investor Classes on Subscriotions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills J/ - (Continued)
(In millions of dollars)
Issue
Allotments by investor classes
Amount issued
Date of
financing
1/15/62
3.366!6 Bill
1/15/63
4/{
Bond
10/1/69
2/15/62
3-1/2^ Cert.
Vf.
Note
Bond
Bond
4if
3-1/2JC Bond
3-1/2;? Bond
'it%
3/1/62
For
cash
Description of security
1/24/62
2,001
2/
8/15/68
1,258
5/15/62
3-1/4^ Cert.
3-5/8^ Note
3-7/8^ Bond
8/15/63-C
2/15/69
8/15/87-92
2.616^ Bill
3/22/63
10/15/63
11/15/62
12/15/62
2.866^ Bills
[3-7/8^ Bond
^^
Bond
12/
3,1U
1,204
2,004
U/
12/
3,070
1,836
360
3,782
8/15/67-A
8/15/72
2.969J5 Bill
3-1/2^ Note
Bond
1,80?
6,686
7/15/63
10/3/62
'1,%
8/
5/15/63
2/15/66
11/15/71
10/15/62
11/15/62
3
21
404
26
11
6
45
64
36
80
646
135
35
19
313
93
270
208
322
183
51
46
41
3
2
160
28
23
28
4
108
24
99
39
U4
23
30
28
115
37
69
87
3-3/4S5 Bond
S-'l/S^ Cert.
117
30
118
36
83
132
4/18/62
f3-3/4^ Note
Bond
l_4)t
7
11
1,591
116
94
77
2,00i
9/15/62
12
35
408
177
218
221
9/21/62
5,282p
2,579p
8/
11/15/63-D
11/15/65-B
2/15/72
4,856p
3,286p
2,344p
{3^2^!^^^^^
11/15/711
2/15/80 J
12/
/
77
17
153
689
5
2
156
163
925
7
1
L49
5
11
24
23
101
U2
36
100
753
32
29
39
40
22
2,330
17
64
2,287
2,261
653
106
31
140
68
36
68
49
S27
40
93
9
11
1
15
26
3
15
44
952
23
3,804
100
1,080
1,291
67
63
50
115
21
320
3,585
3,005
2,500
Other
funds
Dea lers All
and
other
brokers
U
2,806
563
900
933
11/15/98,
banks
^
Pension
and retirement
funds
780
8/15/71
2/
Cdrporatlons
State and loca^
governments
1,078
106
2/15/90
savings
Private
pension
and retirement
funds
100
100
87
2/I5/8O'
Mutual
217
1,618
2,043
4/15/63
,4-1/4^ Bond
Insurance
companies
3,411
1,518
2.896i{ Bill
3-1/2^ Cert.
Bond
A%
Commer- Indicial
vidubanks
als
2/
6,862
4,454
2.943^ Bill
8/15/62
S.
2/15/63-A
8/15/66-A
3/23/62
3.257^ Bill
12/
1,114
4/15/62
7/15/62
Government
In
investment
exchange accounts
for
and
other
Federal
securi- Reserve
ties
Banks
U.
26
242
28
683
44
506
160
17
117
102
352
48
171
335
39
224
354
202
103
210
379
IM
231
89
37
430
629
488
151
358
27
31
47
16
6
3
663
21
3
66
66
10
38
5
62
51
123
63
63
86
151
28
29
3
1,M6
41
129
93
34
2,975
10
1
11
1
280
1,209
10
4
180
46
3,796
431
2,238
1,504
74
63
45
48
1
6
1,001
125
48
8
18
51
214
207
33
15
12
9
32
133
98
82
95
17
76
3
94
22
88
128
111
196
53
565
574
31
178
443
131
22
192
127
248
120
575
41p
34p
Source:
Based on subscription and allotment reports. For detail of offerings see Table 4.
1/ Excludes 1-1/2^ Treasury notes issued in exchange to holders of
nonmarketable 2-3/4^ Treasury bonds. Investment Series B- 1975-80.
2/ Includes trust companies and stock savings banks.
2/ Includes partnerships and personal trust accoxints.
Exclusive of banks and insurance companies.
{i/
Consists of trust, sinking, and investment funds of State and local
governments and theii" agencies.
6/ Includes savings and /loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also includes corporations and private pension and retirement funds prior to July 15, 1953, financing.
2/ Included in "All other."
8/ Tax anticipation security.
18
2
1
W
12/
11/
12/
^
li/
Reopening of earlier issue.
Issued as a rollover of bills maturing January 16, 1957, and February
15, 1957, respectively.
Issued in special allotment to Government investment accounts.
Issued as a rollover of one-year bills.
Offerings of these securities, subject to allotment were made for
the purpose of paying off maturing securities in cash. Holders of
the maturing securities were not offered preemptive rights to exchange their holdings but were permitted to. present them in payment
or exchange, in whole or in part, for the new issues.
Offerings consist of an additional $100 million each of outstanding
weekly bills issued in "strip" form; 18 series were included in the
June 14, 1961, offering; 8 series in the November 15, 1961, offering;
and 10 series in the November 15, 1962 offering.
Less than $500,000.
Preliminary.
n.a.
Not available.
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 6.- DlBpoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Called or maturing seciirity 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
^ount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table A)
Turned
In for
cash 2/
(In millions of dollars)
2/15/53
3/18/53
1-7/8^ Certificate
1.720^ Bill
'1-7/8^ Certificate
6/1/53
Bond
2%
Total..
6/19/53
1.846^ Bill
8/15/53
2%
9/15/53
2%
Certificate
Bond
2/15/53-A
3/1/52
8.868
3/18/53
10/8/52
2,502
6/1/53-B
6/15/53-55
7/1/52
10/7/40
4,963
4,963
725
5,688
11/21/52
2,003
8/15/52
2,882
2,003
2,882
7,986
f
I
2.383if Bill
9/18/53
6/3/53
800
12/1/53
2-1/8^ Note
L2/1/53-A
10/1/52
10,542
2-1/4^ Certificate -
2/15/54
2/15/53
4,410
448
4,858
277
2,788
93
4,724
2,997
266
500
V
8,114
10,042
8,175
1,748
118
8,114
5,647
2,360
108
78
6/15/52-54
6/15/52-55
6/15/54-56
6/26/44
2/25/42
7/22/40
5,825
1,501
681
5,825
1,501
681
4,083 6/
1,128 6/
369 6/
20,796
20,796
18,184
186
1,505
238
322
51
38
7/15/53
5,902
6/26/44
2/25/42
7/22/40
1,743
373
311
1,743
373
311
6/1/54-B
6/1/53
4,858
4,858
7,285
5,902
273
1,001
1,501
1,501
'2-5/8^ Certificate
8/15/54-D
8/15/53
2,788
2,788
[1,005
[1,728
55
2-5/8^ Certificate
9/15/54-E
9/15/53
4,724
4,724
I
2,553
[2,078
93
7,512
7,512
7,364
L48
8,175
8,175
4,498
3,289
43
Bond
12/15/52-54
12/1/44
8,662
8,662
1,983
6,028
2)6
Bond
12/15/51-55
12/15/41
510
510
88
380
29
17,347
17,347
17,033
315
7,007
7,007
15,735
11,166
106
243
14
-
3/15/55-A
3/15/50
5,365
5,365
3/15/35
2,611
2,611
;2,4M
\2,626
2/15/55
2-7/8)6 Bond
-
3/15/55-60
Total.
U,983
3/22/55
1)6
Certificate -
3/22/5 5-C
8/2/54
3,734
5/17/55
1-1/8)6 Certificate -
5/17/55-B
5/17/54
3,886
6/22/55
1-3/8)6 Certificate -
6/22/55-F
4/1/55
3,210
8/1/55
1-1/8)6 Certificate -
8/15/55-D
8/15/54
8,477
Footnotes at end of table.
3,734
y
3,210
y
]
323
1l,924
8/15/55-D
II/15/6O
1-1/8)6 Certificate
8/15/55-D
II/15/6O
3,558 of 1-1/8)6 Certificate
3,806 of 2-1/8)6 Bond
407
2)6
1-1/8)6 Certificate
2-1/8)6 Bond
2-1/^ Bond
346
1-1/2)6 Note
5/17/55-B
2/15/59-A
y
y
1,001
3/22/54
2/15/54
5/17/55-B
3,886 of 1-1/8)6 Certificate
2,897 of 1-7/8)6 Note
4/27/54
2/15/55-A
1-1/8)6 Certificate -
502
6/24/54
Certificate -
007 of 1-5/8)6 Certificate
177 of 2-1/2)6 Bond
t
6,783
6/18/54
'1-5/8)6
y
11/15/61
7,285
Bill
Total
2/15/55-A
11/15/61
1-1/8)6 Certificate 1-7/8)6 Note
Bill
12/15/54
5/8J Certificate
1/2)6 Bond
175
.956)6
12/1/53
2/15/55-A
I1/15/6I
1,786
[2,897
r
.726^
12/15/54-B
Certificate
Bond
5/8)6
1/2)6
{I
12/15/54-B
12/15/58
Note
Bond
2-1/2)6 Bond
6/18/54
1-7/836 Note
-1/2)6
\
6/24/54
Total..
-7/8)6
y
3/22/54-C
6/15/52-54
6/15/52-55
6/15/54-56
5/17/54
8/15/54
9/15/54-E
3/15/57-A
{
Bond
Bond
2-5/8)6 Certificate
8/15/54-D
2-5/8)6 Certificate
2-7/3)6 Note
800 J/
4,675
Bond
2-1/4)6 Bond
2-1/4)6 Bond
2-5/8)6 Certificate -
[
4,675
2$
6/1/54-B
I
12/15/49
2-1/2)6 Certificate
2-5/8)6 Certificate -
829
3/15/54-A
2-l/4i6 Bond
2/15/54-A
12/15/58
553
1-3/8^ Note
2%
2-1/4)6 Certificate [2-1/2)6 Bond
I
1,360
3,237
2-1/1,1.
3/22/54
2/15/54-A
134
y
7,986
9/18/53
8,114
620
y
725
6/19/53
9/15/43
2,502
5.688
8/15/53-C
9/15/51-53
8,868
,
1-1/8)6 Certificate 1-1/4)6 Certificate 2-1/2)6 Bond
8/15/55-D
12/15/55-E
8/15/63
1-1/8)6 Certificate 1-1/4)6 Certificate 2-1/2)6 Bond
8/15/55-D
12/15/55-E
8/15/63
1-1/8)6 Certificate 1-1/4)6 Certificate 2-1/2)6 Bond
8/15/55-D
12/15/55-E
8/15/63
4,919 of 1-1/8)6 Certificate
5,359 of 1-1/4)6 Certificate
6,755 of 2-1/2)6 Bond
1-5/8)6 Note
2)6
326
364
Note
-
1-5/8)6 Note
2%
3/15/56-A
2/15/95
Bond
M,983
14,188
795
8,472 of 1-5/8)6 Note
Note
3,792 of 2)6
Bond
1,924 of 3)6
3,886
3,174
712
2^
8,477
Jl,486
16,841
149
[2*
I2*
(Continued on following page)
-
Certificate
Note
3/15/56-A
8/15/57-C
3/15/56-A
8/15/57-C
Note
1-5/8)6 Note
3)6
U
8/15/56-B
6/22/56^8
8/15/56-B
y
y
January 1961
51
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securlt ies
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Disposition offers
by Treasury
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
ret ire-
ment
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table A)
Turned
in for
cash 2/
(In millions of dollars)
2/14/58-A
2/15/57
10,851
10,851
7,493
1,980
1,121
257
2-1/2? Certificate
Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
2-l/2iS Bond
- 3/15/56-58
6/2/41
1,449
1,449
343
592
350
164
2-1/2? Certificate
Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
1-1/2? Note
4/1/58-EA
4/1/53
383
383
194
115
25
49
2-1/2? Certificate
Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
3-1/4? Bill
4/15/58
8/21/57
1,751
1,751
607
2-1/2? Certificate
Bond
3?
3-1/2? Bond
2/14/59-A
2/15/64
2/15/90
5/1/57
2,351
2,351
1,064
796
135
'2-1/2? Certificate
4/15/58-B
357
2/14/59-A
2/15/64
2/15/90
16,785
16,785
15,351
1,433
4,392
1,015
3,195
181
'3-3/8? Certificate -
2/14/58
677
3-1/2? Certificate -
Total.
3/24/58
6/15/58
3.485? Bill
3/24/58
7/3/57
3,002
2-7/8? Note
6/15/58-A
12/1/55
4,392
3,002
7/1/52
4,245
4,245
710
3,392
9,555
9,555
7,388
104
7,284
387
'4?
8/1/58-C
9/15/56-59 15/
8/1/57
2/1/44
11,519
3,818
11,519
3,818
10,634
2,206
885
1,612
2-3/8? Bond
3/15/57-59 12/
3/1/52
927
927
660
267
16,264
13,500
2,764
16,264
1-1/2? Note
2-1/2? Bond
121
121
12/1/58-D
12/1/57
9,833
9,833
6,433
3,300
100
13-3/8? Certificate [3-5/8? Note
ll/15/59-E
5/I5/6I-B
12/15/58
2/15/53
2,368
2,368
1,277
778
312
f3-3/8? Certificate
[3-5/8? Note
ll/15/59-E
5/15/6I-B
12,201
11,789
412
f7,711 of 3-3/8? Certificate
[4,078 of 3-5/8? Note
8,315
579
876
f3-3/4? Certificate
Note
[4?
3,048
856
}'• 199
14,872
12,798
2,075
1,817
1,269
547
2/U/59-A
2/14/58
9,770
9,770
r
\
\-7/&% Note
2/15/59-A
5/17/54
5,102
5,102
f
\
14,872
_^Total
1-1/2? Certificate
3/24/59-D
8/6/58
3,567
1-1/2? Note
4/1/59-EA
4/1/54
119
5/15/59
1-1/4? Certificate
5/15/59-B
6/15/58
1,817
5/15/59
3-1/4? Bill
5/15/59
10/8/58
2,735
2,735
6/22/59
2.999? Bill
6/22/59
11/20/58
2,997
2,997 2/
8/1/59-C
8/1/58
13,500
3/24/59
4/1/59
1-5/8? Certificate
8/1/59
4?
Note
8/1/61-A
8/1/57
Total.
3.293? Bill
9/21/59
2/16/59
1,502
1-1/2? Note
10/1/59- EO
10/1/54
99
2/15/6O-A
f3-3/4? Certificate Note
2/15/62-D
[4?
3-3/4? Certificate
f 11, 363 of
Note
[ 1,435 of 4?
119
13,500
473
13,973
10/1/59
2/15/6O-A
2/15/62-D
3,567 2/
473 16/
9/21/59
Footnotes at end of table.
8/1/59-C
10/1/53
Total
2-1/2? Certificate
1-5/8? Certificate -
10/1/58- EO
r
3-3/4? Certificate
|_2-5/8? Bond
iV
iV
Certificate
2-1/4? Bond
Total
2/15/59
[1,817 of 1-1/4? Certificate
[7,388 of 2-5/8? Bond
6/15/58
6/15/58
12/1/58
351
2-3/8? Bond
6/15/58
10/1/58
9,204
28
2/15/65
1-1/4? Certificate -
5/15/59-B
2/15/65
91
800
2/15/65
f
5/15/59-B
2/15/65
ri-1/4? Certificate [2-5/8? Bond
919
2-5/8? Bond
2-5/8? Bond
U3
919
2-5/8? Bond
f'l-1/4? Certificate 1
5/15/59-B
2/15/65
6/15/38
June '58
9,770 of 2-1/2? Certificate
Bond
3,854 of 3?
1,727 of 3-1/2? Bond
-
6/15/58-63
July '58
Bond
3?
3-1/2? Bond
y
2-3/4? Bond
Total.
8/1/58
372
96
13,973
1,502 2/
99
(Continued on following page)
9,123
J
221
1 -^,152
r
433
1
32
13,745
4?
Certificate
("4-3/4? Note
[4-3/4? Note
8/15/6O-C
5/15/64-A
Note
[4-3/4? Note
8/15/6O-C
5/15/64-A
J'4-3/4?
228
5/15/6O-B
r9,561 of Note
14,184 of Note
8/15/60
5/15/64
January 196J
53
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
5"*
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
January 196J
55
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Footnotes to Table 6.- (Continued)
Reopening of November 28, 1955, offering (see Table 4).
During June 1956, tl59 million of these notes were purchased by the
Treasury for account of the Sinking Fund and retired.
12/ Also designated tax anticipation certificates.
and February 15, 1957
12/ Two Issues of bills, maturing January 16, 1957,
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957.
million of the 2-5/8^ Treasury bonds
yj During June and July 1958, $491Treasury
for retirement under section
of 1965 were purchased by the
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
15/ Called on May 14, 1958, for redemption on September 15, 1958.
16/ Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 22).
12/ Holders of the 4)5 notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4-7/8;f notes.
Rolled over into a one-year bill (see Table 4).
12/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
2Q/ Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations.
21/ Holders of 2-l/2)C Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, 1960, to June 13, 1960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3.5
billion for the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8^ certificates or
the 3-7/85^ bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
2y Excess of maturing 4-3/4/K Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46),
2V Reopening of an earlier issue.
2^ Holders of 2-1/2)5 Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1960, inclusive, the first for 3-l/2;f bonds of 1980,
the second for 3-l/2;f bonds of 1990, and the other two for 3-l/2!f
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
26/ Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4)5
notes offered in the amount of around $6,9 billion. For detail of
offering, see Table 4.
2^ Excess of maturing 4-7/8)5 certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 51 and 52),
From
March 20 through March 22, 1961, owners of 2-1/4)5 bonds of June
2g/
15, 1959-62, 2-1/4^ bonds of December 15, 1959-62, 2-5/8)5 notes
maturing February 15, 1963, and 2-1/2)5 bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8)5 bond due November 15, 1967,
and the last for a new 3-3/8)5 bond due November 15, 1966, Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
ifl/
22/
11/
iQ/
il/
.22/
ii/
iV
i5/
p
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange. In whole or in part, for the
$5,250 million offering of 3)5 certificates or the $2,500 million
offering of 3-1/4)5 notes. For detail of offering, see Table 4.
Excess of maturing 4-3/3)5 certificates and 3-5/8)5 notes over
allotments of new securities on subscriptions from holders of those
certificates and notes(see Table 4, footnotes 55 and 56),
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1%2 (see
Table 4).
Holders of the maturing notes were not offered preemptive rights
to exchange their holdings, but were permitted to present them
in payment or exchange, in whole or in part, for the $6,500
million offering of 3-1/2)6 certificates, the $1,500 million
offering of 4)5 bonds, or the $750 million offering of 4-1/4)5
bonds. For detail of olTering, see Table 4.
Excess of maturing 4)5 notes and 3-1/4)5 notes over allotments
of new securities on subscriptions from holders of those notes
(see Table 4, footnotes 70 and 71).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2)5 certificates, 2-5/8)5 notes,
3-1/4)5 notes), and May 15, 1963 (3-1/4)5 certificates, 3-1/4)5 notes,
4)5 notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
Preliminary,
Note:
Information on retirement of tax anticipation Issues referred to in
footnote 3, in millions of dollars:
January 196J
57
.UNITED STATES SAVINGS BONDS.
being sold.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, ig^i^l,
April 30, 1957- Details of the principal changes In Issues,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, I935, through April 30, 191*1,
Treasury Bulletins of April I95I, May 1952, May 1957, Octo-
Series F and G were sold from May
ber and December 1959,
1,
194-1,
through April
30,
1952. Series J and K were sold from May 1,
1952 through
Interest yields, maturities, and other terms appear In the
and May and October 196I.
Table 1.- Sales and Redemptions by Series, Cumulative through December 31, 1962
(In millions of dollars)
.. ...
.
Treasury Bulletin
5«
.inrrrED states savings bonds.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
Sales
1/
Accrued
discount
Sales plus
accrued
discoxint
Sales
price
Total
Amount outstanding
1/
i/
Accrued
discount
y
Interest-bearing
debt
Series E and H combined
Fi scal years:
1941-195-; i/...
1955 i/
1956
1957
1958
1959
1960
1961
1962
73,979
5,225
5,260
4,613
4,670
4,506
4,307
4,464
4,421
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
82,040
6,348
6,374
5,746
5,831
5,680
5,501
5,717
5,753
44,558
4,54A
4,730
5,176
5,187
5,107
5,502
4,627
4,603
42,058
3,911
4,069
4,444
4,432
4,310
4,616
3,906
3,873
2,500
633
661
1955
1956
76,352
5,368
5,043
8,626
1,113
1,124
1957
1958
1959
1960
1961
1962
4,507
4,689
4,320
4,350
4,539
4,278
1,M3
84,977
6,481
6,167
5,649
5,867
5,489
5,574
5,832
5,650
46,744
4,652
4,832
5,469
4,856
5,519
4,996
4,484
4,636
43,946
3,998
4,162
4,686
4,129
4,636
4,202
3,781
3,882
2,798
654
670
783
727
883
794
703
754
38,233
40,063
41,398
41,578
42,589
42,559
43,137
44,485
45,499
476
132
102
483
376
395
315
338
89
61
59
44,610
44,699
4^,786
44,839
44,888
44,955
Calendar years:
1941-1954
Months:
1962- January. .
February,
1,178
1,169
1,224
1,293
1,372
732
755
797
886
721
731
110
608
465
483
104
99
128
454
452
491
401
402
424
342
59
337
June
349
353
363
66
70
July
August . , .
September,
358
360
301
134
106
113
492
466
330
323
302
67
4U
398
386
360
October. ,
November,
December.
360
327
295
107
107
129
466
434
424
366
335
308
306
282
259
61
362
374
March
April
May
396
Series F, G, J, and K combined
Fiscal years:
1941-1954 i/.
1955 i/
1956
1957
1958
1959
1960
1961
1962
.
Calendar years:
1941-1954
1955
1956
1957
1958
1959
,
586
268
,
27
,
,
,
,
729
108
100
83
65
54
46
32
,
,
1960
1961
1962
29,848
1,249
30,472
907
475
98
784
103
92
74
58
52
38
29
25
Months:
1962- January,
February,
March. . .
April.
. .
May
June
July
August.,
September
October
November.
December.
30,577
355
^
63
58
54
48
37,482
39,285
40,929
41,498
42,142
42,716
42,715
43,806
44,955
45,049
45,130
45,184
45,284
45,383
45,499
Matured
noninterestbearing debt
.
.
.
)
..
January 1961
59
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In iDlllions of dollars)
Redemptions
Period
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
1/
^
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt
Series E
Fiscal years:
1941-1954 it/.
1955
1956
V
1957
1958
1959
1960
1961
1962
Calendar years:
1941-1954
72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689
3,674
8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254
1,331
80,985
5,218
5,333
5,052
5,049
4,862
4,797
4,943
5,005
44,527
4,490
4,622
4,981
4,951
4,889
5,181
4,394
4,343
42,027
3,857
3,961
4,248
4,196
4,092
4,295
3,673
74,843
4,192
8,626
1,113
1,124
46,690
4,572
4,689
5,220
4,658
5,225
4,729
4,249
4,349
43,892
3,918
4,018
4,437
3,931
4,342
3,935
3,546
3,595
2,798
654
670
783
727
883
794
703
754
278
212
199
375
296
309
89
61
59
29
21
20
38,160
38,187
38,222
59
17
66
70
15
400
319
312
330
38,222
38,242
38,260
304
298
275
67
17
63
58
14
12
38,302
38,344
38,373
281
259
236
61
13
13
11
38,436
38,500
38,587
3,875
3,802
3,598
3,632
3,711
3,624
1,178
1,169
1,224
1,293
1,372
83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003
4,996
379
303
313
132
102
110
512
405
422
464
357
368
April.
May...
June.
291
314
307
104
99
128
395
413
435
378
378
July
August ....
September.
296
311
261
134
106
113
430
417
375
371
361
334
October
November.
December.
311
282
254
107
107
418
390
383
342
313
285
1955
1956
4,U2
1957
1958
1959
1960
1961
1962
Months:
1962-January.
February.
March, . ,
Fiscal years:
1952-1954 4/
1,U3
129
3,613
2,500
633
661
732
755
797
886
721
731
54
48
201
188
219
17
36,458
37,186
37,898
37,969
38,067
38,040
37,456
37,817
38,260
36,778
37,510
38,087
37,885
38,206
37,748
37,597
38,U0
38,587
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
-
..
.
January 196J
61
OWNERSHIP OF FEDERAX SECURITIES
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in millions of dollars)
Interest-bearing securities issued
by the U. S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
Held by U. S. Government
investment accounts 2/
Total
outstanding
Total
271,741
269,883
268,486
274,693
281,833
50,536
53,470
55,501
55,842
54,554
7,236
8,356
8,674
9,596
9,799
43,250
1958
1959
274,418
272,825
270,634
276,444
284,817
1960
1961
19h2
286,471
289,211
298,645
283,241
285,672
294,442
55,259
56,002
56,296
1961-DeceiDber.
296,499
292,689
1962- January.
February.
March. . .
296,860
297,354
296,439
month
V
Public
issues
Special
issues
Total
Public
nonmarketable
issues
Total
outstanding
U.
S.
Government
investment
accounts
2/
Held by
private
investors
2/
Matured
debt
and
debt
bearing
no
interest
46,827
46,246
44,756
127,375
126,304
127,179
134,593
144,933
69,723
66,351
62,770
58,825
56,252
43
73
106
101
110
10,360
10,959
11,357
44,899
45,043
44,939
26,523
27,253
29,663
201,459
202,417
203,483
U9,546
139
240
444
79
60
151,392
157,418
51,913
51,025
51,065
87
167
153
54,406
10,886
43,520
28,331
209,402
158,600
50,803
330
119
293,111
293,549
292,435
53,630
54,021
54,314
11,325
11,270
11,505
42,304
42,751
42,809
28,532
28,360
29,061
210,949
211,168
209,109
160,154
160,343
158,324
50,794
50,320
50,785
344
369
400
129
134
145
215
235
256
3,405
3,436
3,605
297,357
299,604
298,645
293,361
295,519
294,442
53,596
55,750
56,2%
11,474
11,458
11,357
42,122
44,291
44,939
29,132
29,622
29,663
210,583
210, L47
208,483
159,843
159,473
157,418
50,734
50,668
51,065
404
429
444
151
160
167
253
269
277
3,592
3,656
3,759
July
August
September
298,324
302,312
299,986
293,913
297,904
295,571
55,377
56,899
56,268
11,582
11,473
11,709
43,796
45,427
44,559
29,736
30,358
29,325
208,754
210,647
209,473
157,863
159,830
158,732
50,336
50,317
50,696
445
163
160
158
283
463
486
303
328
3,960
3,939
3,929
October.
November.
December.
302,553
305,893
303,988
293, 1A5
301,384
55,896
57,752
55,412
12,006
43,390
13,589 i/ 44,163
11,987
43,426
30,201
30,454
30,820
212,048
213,179r
212,977
161,464
162,534r
162,553
50,584
50,645
50,424
485
502
517
156
163
160
329
339
357
4,007
4,262
April
.
June
. .
299,209
^
45,
I
lU
Dally Treasury statement for total amounts outstanding; reports from
agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
Includes accounts under the control of certain U. S. Government agencies
whose investments are handled outside the Treasury.
The total amount of interest-bearing secxirities held by private inves-
Source:
J/
Public
marketable
issues
Held by
197,593
192,655
189,949
193,413
201,235
May
2/
^
Held by private
investors 2/
Held by
Federal
Reserve
Banks public
issues
23,607
23,758
23,035
25,438
26,044
1955
1956
1957
1/
Interest-bearing securities guaranteed by the U. S. Government
i/
2/
r
3
25
50
54
63
56
46
47
277
2,634
2,869
2,042
1,646
2,873
3,090
3,300
3,759
3,430
3,923
tors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks,
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Includes $1,412 million of securities acquired by the Treasury in the
November 15, 1962 refunding and held in a suspense account until
maturity on December 15, 1962.
Revised.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)
Year
41
48
62
January 196 J
63
.TREASUEY
SUWEY OF OWNERSHIP, NOVEMBER
The monthly Treasury Survey of Ovmershlp covers seourltlee Issued by the United States Oovernment and by Federal agencies.
The banks and Insurance companies Included
In the Survey currently account for about 90 percent of all
such securities held by these Institutions. The similar
proportion for corporations and for savings and loan associations Is 50 percent, and for State and local governments,
Data were first published for banks and Insurance companies In the May 19'*-1 Treasury Bulletin, for
60 percent.
Section
I
-
30, 1962.
corporations and savings and loan associations In the September i960 Bulletin, and for State and local govemmente
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June JO and December 31. Holdings by corpo-
rate pension trust funds are published quarterly, first
appearing In the March 195!^ Bulletin.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
..
Treasury Bulletin
ek
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1962,
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
Section
I
-
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and
local governments
Insurance companies
Total
amount
outstanding
Issue
6,166
commercial
banks
2/
y
508
mutual
savings
banks
2/
301
life
511 fire,
casualty,
and
marine
488
savings
and loan
associations
473
corporations
295
general
90
23
3,398
1,623
1,779
339
1,099
18
110
129
192
111
135
342
185
pension and
retirement
funds
U, S, Government investment accounts
and Federal
Reserve Banks
Treasury bills:
Regular weekly:
120
205
62
193
25
11
26,723
9,609
3,774
1,961
Tax anticipation:
Mar.
1963.
3,005
649
1963.
1963.
1963.
1963.
2,001
2,001
2,004
2,500
336
338
401
943
25
14
14
22
47,843
8,404
234
5,719
5,284
6,851
4,856
942
945
1,268
311
27
28
59
44
27
22,710
3,467
124
49
196
1,487
2,259
1,183
3,027
3,011
3,893
4,933
2,316
5,019
4,195
2,113
3,287
3,114
4,454
5,282
533
449
997
433
1,324
939
2,022
542
317
1,997
732
682
2,044
2,100
1,655
3,497
157
261
176
221
238
180
277
201
116
9
16
49
24
140
69
102
93
4
4
34
Dec.
Mar.
Jan.
Apr.
July
Oct.
1962
1963
Feb. 1963.
1963.
May
Total Treasury bills
Cert if Icates of indebtedness:
196 3-A.
3-1/2^6 Feb.
1963-B.
May
3-1/4
1963-C.
Aug.
3-1/2
1963-D.
Nov.
3-l/8
Total certificates of indebtedness.
35
32
12
10
15
6
14
20
524
55
268
170
7,076
2,780
2
59
4
64
45
15
12
15
5
263
430
215
142
48
1,049
11
8
13
363
225
64
34
35
72
29
69
15
153
60
309
10
163
32
1,943
784
131
82
144
125
285
212
3,495
57
22
1
3,509
2,551
3,824
3,797
651
23
13,681
126
2U
254
Treasxjry notes:
2-5/856
3-1/-;
3-1/4
4-7/8
Feb.
Feb.
May
May
Nov.
3-3/4
4-3/4
May
May
5
Aug.
Aug.
3-3/4
4-7/8
4-5/8
3-1/2
3-5/8
4
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
May
Nov.
Feb.
Aug.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1963-A.
1963-E..
1963-B..
1963-D.
1963-C..
1964-D.
1964- A.
1964-B..
1964-E..
1964-C..
1965-A.
1965-B..
1966-B.
1966- A.
196 7-A..
196 3- EA.
1963-EO.
1964-EA.
1964-EO.
1965-EA.
1965-EO.
1966-EA.
1966-EO.
1967- EA.
1967- EO.
Total Treasury notes.
Treasury bonds:
2-1/4* Dec.
Dec.
2-3/4
June
2-1/2
Aug.
2-1/2
Dec.
2-1/2
3
2-1/2
2-1/2
2-5/8
2-1/2
2-1/2
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
4
4
4
3-7/8
4
4
3-7/8
4-1/4
3-1/4
Feb.
June
Deo.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Dec.
May
Aug.
Feb.
Oct.
Aug.
Nov.
Feb.
Aug.
Nov.
May
June
1959-62
1960-65 10/
1962-67
1963
1963-68
1964
1964-69
1964-69
1965
1965-70
1966-71
1966
1966
1966
1967-72
1967-72
1967
1967-72
1968
1968
1969
1969
1971
1971
1972
1972
1974
1975-85
1978-83
Footnotes at end of Table 4.
506
457
490
466
315
675
357
270
13
13
3
2
6
4
2
1
3
5
25
5
2
200
32
2
8
22
22
14
363
218
1,485
1,462
26
713
731
1,177
688
1,267
475
62
35
135
24
339
237
29
173
116
106
31
46
79
101
105
84
112
34
81
172
119
60
17
33
48
52
35
43
49
53
37
85
24
14
44
20
21
52
72
5
19
37
17
67
52
12
117
83
67
42
17
26
29
17
75
39
62
61
72
35
186
94
126
5
3
4
2
*
1
1
2
1
135
15
68
33
68
63
78
1,241
505
7
4
141
188
89
18
1,345
836
28
41
19
15
264
252
54
823
336
304
2,884
218
1,795
2,338
399
14
192
1,683
116
11
1
1
38
627
2,516
379
144
1,870
825
1,196
139
996
1,284
161
137
28
6
14
4
1,234
625
1,992
682
1,435
696
43
19
19
88
162
53
54
66
56
70
106
64
64
16
31
24
25
12
4f
5
470
1,593
17
8
21,562
4,682
2,423
1,412
3,597
1,484
2,438
1,328
1,952
3,604
2,810
2,460
1,258
1,844
2,538
2,806
1,204
2,344
2,579
1,171
5
5
13
2,700
2,633
2,545
5
55
53,653
1,816
3
125
117
47
57
125
172
3
1
4,317
1
3
101
200
173
47
157
116
234
142
88
102
43
92
37
105
137
99
92
21
5
15
23
13
60
80
64
49
40
47
37
8
99
52
6
34
7
7
44
2
108
122
28
140
120
17
2
17
46
8
43
125
17
3
16
27
19
2,159
785
4
1
22
20
453
15
112
30
69
44
99
73
57
61
37
21
30
44
23
77
150
65
7
54
31
40
56
65
3
66
57
43
217
9
6
35
1
76
58
58
54
73
132
82
46
68
1
35
13
16
46
63
94
78
98
128
61
6
37
12
16
23
1
20
12
37
24
5
11,690
9
13
1,412
194
388
21
230
3
119
500
537
450
772
388
309
148
232
128
73
760
208
396
120
119
333
459
105
25
385
364
114
181
39
53
13
71
37
9
7
24
38
12
33
93
56
9
2
2
19
39
61
21
61
24
49
26
57
123
100
137
409
32
204
72
January
196")
65
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER 30, 1962.
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)
Held by investors covered in Treasury Survey
Total
amount
outstanding
6,168
commercial
banks
2/
y
Insurance companies
508
mutual
savings
banks
2/
301
life
488
511 fire, savings
casualty, and loan
associaand
tions
marine
State and
local governments
473
corporations
295
general
funds
185
pension and
retirement
funds
U. S. Government investment accounts
and Federal
Reserve Banks
Held by
all
other
investors
^
Treasury bonds - (Continued):
A%
3-1/2
3-1/4
4-1/4
3-1/2
3
3-1/2
Feb.
Nov.
May
Aug.
Feb.
Feb.
Nov.
1980
1980
1985
1987-92
1990
1995
1998
1,446
1,915
1,131
365
4,915
2,612
4,460
Total Treasury bonds
Guaranteed securities 8/
Total public marketable
securities.
42
93
92
50
170
45
13
23
150
43
453
139
85
80,015
146
404
177
29
54
22
34
26
55
92
107
2
153
2
278
165
225
253
132
173
62
826
662
700
323
688
171
54
1,052
177
908
512
254
190
103
882
1,118
735
1,056
2,467
4,323
12,821
22,532
29
163
56
4,789
41,851
64,818
85
1
8
88
163
61
594
1,021
212
1,084
23,543
4,230
4,252
2,641
2,149
502
48
89
64
15
37
204,723
57,025
5,911
5,037
4,361
2,908
11
30
14
1
5
11,340
6,683
Footnotes at end of Table 4.
Table 4.
Interest-Bearing Public Nonmarke table Securities by Issues
(Par values - in millions of dollars)
Treasury Bulletin
66
.TREASURY SUIWEY OF OWNERSHIP, NOVEMBER 30, 1962.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
January 1961
67
MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 31, 1962
Current market quotations shown here are over-thecounter closing bia quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
marketable securities Issued by the United States GovernOutstanding Issues which are guaranteed by the
ment.
United States Government are excluded because they are
not regularly quoted In the market.
The securities listed include all regularly quoted public
Table 1.- Treasury Bills
Amount
Treasury Bulletin
68
MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 31, 1962
Table 4.- Treasury Bonds
(Price decimals are 32nds)
January
196')
69
...
OJ
21
to
MARKET QUOTATIONS ON TRKASURY SECURITIES, DECEMBER
31, 1962
.
.
.
,
.
.
.,
.,
,
.
.,
.
.
Treasury Bulletin
70
.AVERAGE YIELDS OF LOHG-TESM BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per armum)
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
2.62
2.53
2.61
2.82
1949.
1950.
1951.
1952.
1953.
1954.
1955.
2.97 2/
3.11
3.13
3.02
3.02
2.98
2.83
2.86
2.79 2/
3.23
3.34
1956- July
August
September.
October. .
November
December,
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
1957-January.
February.
3.
3.77
3.67
69
62
3.06
2.95
3.
34
22
26
32
3.
40
53
2.47
2.48
2.52
2.54
2.57
2.59 2/
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90
.74
.91
2.68 2/
2.78
2.78 2/
2.82
2.81
2.82
2.91
2.95
2.92
2.87
2.89
2.91
2.93
2.99
3.02
3.01
3.04
3.05
3.06
3.11
3.13
3.10
3.10
3.15
2.88
2.85
2.93 2/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.23
3.27
2.46
2.47
2.48
1942
1943
1944
1945
1946
2.37
2.19
2.25
2.AA
1947
1948
2.66
2.62
2.86
2.31
2.32
2.57
2.68
2.94
2.55
2.84
2.%
3.20
2.90
3.06
3.08
3.47
3.43
4.08
4.02
3.90
3.95
4.38
4.41
4.35
4.32
1959-October ..
November
December,
4.11 2/
4.12
4.27
4.57
4.56
4.58
1960- January, .
February,
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.41
1956.
1957.
1958.
1959.
1960.
1961.
1962.
3.36
3.89
3.79
Monthly series - averages of dally series
1953-Aprll
May
June
July
August . . .
September.
October...
November.
December.
1954-January. .,
February.
March.
April. ...
48
May
54
55 2/
Jxine
July
August
September
October.
November
December.
. .
1955-January.
February.
March. . .
April
May
June
July
August .
September
October.
November.
December.
.
1956-January.
February,
March. .
April. .
.
.
May
June
3.40
3.28
3.24
3.29
3.16
3.11
3.13
.
.
3.
March
April
May
3.
Jxine
3.
58 2/
July
August , ,
September,
October. ..
November,
December,
3.
60
3.
3.
63
66
3.
73
,
1958- January.
3.
3.
,66
,67
2/2/
.
3.
24 2/
3.
28
March
April
May
3.
25
12
3.
June
July
August . . .
September.
October. .
November .
December,
3.
U
3.
20 2/
3.
36
3.
60
3.
75
76
3.
3.
3.
1959- January, .
February,
4.10
4.08
3.81
57 2/
30 2/
Febrxiary,
.60
.59
.63
,60
.57
.57
3.67
3.85
4.09
4.11
4.09
4.03
70
80
June
July
Aufust ....
September.
.
March
April
May
June
July
August ....
September.
October. .
November.
December,
3.86
3.79
3.84 2/
3.91
3.93
3.83
1961-January,
February.
March
April
,28
,25
,30
,31
35
Axigust ....
90
00
September.
October, ,
November,
December.
3.98
3.98
4.06
4.32
4.27
4.22
4.25
4.27
4.33
4.41
4.45
4.45
4.42
4.39
4.42
4.08
4.09
4,01
3.89
3.88
3.90
4.02 2/
3.98
3.94
3.89
3.37
3.87
4.42
4.42
4.39
4.33
4.23
4.23
4.34
4.35
4.32
4.28
4.25
4.24
3.87
3.86
3.87
3.83
3.88
4.26
4.26
4.25
4.25
3.89
3.83
3.86
3.85
4.26
4.25
4.24
4.23
24.
25.
26.
27.
28.
3.84
4.23
3.84
3.85
3.36
4.23
4.23
4.22
31.
3.37
4.22
89
81
78
80
73
88
.
May
June
July
02
1962- January
February.
4.U
March
April
May
4.13
4.23
4.37
4.46
4.47
4,43
4.52
June
July
August ....
September.
October.
November,
December,
4.12
3.91 g/
3.92
3.92
4.01
4.08
4.09
4.11
4.10
4.26
March
April
May
,99
.10
.12
.
.
Weekly series - averages of daily series for weeks ending
1962- July
4.32
4.34
4.34
4.36
6.
13.
20.
27.
August
4.37
4.36
4.36
4.34
4.34
3.
10.
17.
24.
31.
1962-September
7,,,
M...
21...
28.,,
October
5.,.
12...
19...
26..,
4.33
4.32
4.31
4.31
3.96
3.95
3.94
3.93
3.90
3.90
3.33
3.89
1962-November
2.
9.
16.
23.
30.
4.29
4.28
4.27
4.27
December
1962-December
7.
M.
21.
28,
4.2-1
Daily series - unweighted averages
1962-December
7,
3.89
3.90
3.90
3.89
3.39
4.25
4.25
4.26
4.26
4.26
10,
11,
12,
3.89
3.88
3.87
4.25
4.25
4.25
3.
4.
5.
6.
1962-Deo ember
13...
14,,,
3,87
3.87
4.25
4.24
17...
13...
19...
20..,
21.,.
3.86
3.86
3.86
3.86
3.85
4.24
4.24
4.24
4.24
4.24
Beginning April 1953, Treasury bond yields are reported to the
Treasury by the Federal Reserve Bank of New York, based on closing bid
quotations In the over-the-counter market. Yields for prior periods
were computed on the basis of mean of closing bid and ask quotations.
Moody's Investor Service is the source for the average of Aaa Corporate
bonds. For definition of taxable bonds, see footnotes to the "Treasxiry
Survey of Ownership" In this issue of the Bulletin.
Series Includes bonds which are neither due nor callable before a
Source;
1/
i/
i/
i/
given number of years as follows: April 1953 to date, 10 years; April
1952 - March 1953, 12 years; October 1941 - March 1952, 15 years.
For bonds currently In the series, see Table 4 under "Market Quotations on Treasury Securities" In this Issue of the Bulletin.
One or more new long-term "bonds added to the average.
An existing bond dropped from the average (see footnote l).
Market closed.
January 1961
AVERAGE YIELDS OF LONG-TERM BONDS.
CM
<n
I
I
c
<l)
g
00
ID
in
...,..
Treasury Bulletin
72
MONETARY STATISTICS,
Table 1.- Money In Circulation
(In millions of dollars except per capita fi^ares)
Paper money
Total
money in
circulation 1/
Total
paper
money
1957
1958
1959
30,229
30,715
31,082
31,172
31,914
28,372
28,767
29,040
29,071
29,699
34
33
33
32
31
1960
1961
1962
32,065
32,405
33,770
29,726
29,943
31,117
1961-December
33,918
1962- January.
February.
g/
United
States
notes
Federal
Reserve
notes
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
30
30
29
2,127
2,094
2,009
318
318
318
31,336
30
2,120
32,774
32,880
33,018
30,222
30,319
30,438
29
29
29
June
33,159
33,518
33,770
30,547
30,881
31,117
July
August. .
September
33,869
33,932
33,893
31,197
31,245
31,192
20
20
October..
November,
34,109
34,782 2/
31,382
32,026
20
20
End of fiscal
year or month
1955
1956
March
.
April
May
Gold
certificates
Treasury
notes of
1890
Silver
certificates
Federal
Reserve
Bank
notes
National
bank
notes
163
67
U7
133
120
110
64
62
59
57
27,094
27,353
28,622
100
56
92
85
53
314
28,731
89
54
1,974
1,969
2,013
306
310
88
3U
27,771
27,869
27,941
54
53
53
29
29
29
2,030
2,035
2,009
316
320
318
28,033
28,358
28,622
86
86
29
1,980
1,945
1,943
317
318
316
28,734
28,842
28,792
84
83
82
53
38
38
318
318
28,976
29,612 6/
82
81
38
38
V
1,947
1,957
V
54
87
87
53
53
53
8''
Coin
End of fiscal
year or month
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
Money in
circulation
per capita
(in dollars) 2/
285
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
182.90
182.64
181.52
179.08
180.20
305
329
360
1,484
1,548
1,663
549
585
629
177.47
176.45
180.98
2,582
346
1,622
6U
183.17
2,552
2,562
2,580
347
348
349
1,594
1,601
1,615
611
613
616
176.79
177.17
177.70
2,612
2,637
2,652
353
356
360
1,638
1,655
1,663
621
626
629
178. 13
September
2,671
2,687
2,701
363
367
370
1,673
1,680
1,689
635
639
642
181,27
181,35
180,88
October,.
November,
2,727
2,756
373
378
1,707
1,726
647
652
181. 79r
223
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
237
253
268
1960
1961
1962
2,338
2,462
2,652
1961-December.
1962-January.
February,
March
.
April
May
June
July
Axigust
.
,
Source:
Circulation Statement of United States Money,
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents,
The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasxiry:
Gold certificates
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes. The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U,S,C, 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U,S,C, 445 note),
and the national bank notes since December 23, 1915 (12 U.S.C. 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U.S.C, 912-916), The
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
been destroyed or lost, and to reduce the amounts thereof on the
books of the Treasury: Gold certificates issued before January 30,
1934; silver certificates, United States notes. Federal Reserve Bank
i/
^
2/
^
5/
6/
2/
»
179.85
180.98
185.16
notes, and national bank notes all Issued before July 1, 1929; Federa:
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890,
Accordingly, the Secretary of the Treasury has determined
that the following paper currencies have been destroyed or irretrievably lost and so will never be presented for redemption: On October
20, 1961, $1 million of Treasury notes of 1890; and on August 27,
1962, $9 million of gold certificates, tl5 million of silver certificates, $18 million of Federal Reserve notes, tl million of Federal
Reserve Bank notes, and $15 million of national bank notes,
Highest amount to date,
Issued prior to January 30, 1934,
Includes $15 million issued before July 1, 1929,
Includes $18 million issued prior to the series of 1928,
Based on the Bureau of the Census estimated population. Through
fiscal 1958 the estimated population is for the conterminous United
States (that is, exclusive of Alaska, Hawaii, and the outlying areas
such as Puerto Rico, Guam, and the Virgin Islands),
Beginning with
fiscal 1959 the estimates Include Alaska, and with fiscal 1960, Hawal:
Less than $500,000,
r
Revised.
,
.. .,,
)
,
January 196J
73
MONiETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
Gold
End of fiscal
year or month
Silver
(J1.29+ per
fine ounce)
($35 per
fine ounce)
Ratio of silver to
gold and silver in
monetary stocks
(in percent
1955
1956
1957
1958
1959
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6 1/
3,922.
3,994.
4,116.
4,306.
4,4U.
15.3
15.5
15.4
16.8
18.3
1960
1961
1962
19,322.2
17,550.2
16,435.2
4,394.5
4,346.5
4,317.4
20.8
1961-DeGember.
16,889.0
4,308.6
20.3
1962-January.
February.
March.
16,815.1
16,789.6
16,608.4
4,307.6
4,312.6
4,312.3
20.4
20.4
20.6
16,494.5
16,434.4
16,435.2
4,312.0
4,315.1
4,317.4
20.7
20.8
20.8
16,U7.4
.
.
April..
.
May
Jxine
18.5
19.9
September,
16,097.6
16,067.4
4,317.2
4,316.8
4,317.2
21.1
21.2
21.2
October. ,
November.
15,977.9
15,976.9
4,317.2
4,317.0
21.2
21.3
July
August
, , .
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
For detail of
1/
See Table 3, footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets
17,766,6
16,889,0
17,665.6
16,771.2
101,0
117,8
16,815.1
16,789,6
16,608,4
16,698.0
16,685.7
16,492.1
117,1
103.9
116.3
16,494,5
16,434,4
16,435.2
16,377.8
16,313.8
16,314.1
116.7
120.6
121.2
16,U7,4
1960
1961
1962-January,
February,
March, , .,
April.
, .
June
Balance of gold in
Treasurer's account
491,2
491,2
508,1
396,1
105,4
21,690.4
21,949,5
22,781.0
20,534.3
19,455.9
May
Liabilities;
Gold certificates,
etc.
2/
21,199,1
21,458.3
22,272.9
20,138.2
19,350.5
1957
1958
1959
1955
1956
1/
i/
July
August...
September
16,097.6
16,067,4
16,027.3
15,972,9
15,952,2
120.2
12A.7
115.1
October. .
November,
15,977.9
15,976.9
15,847,6
15,861.6
130.4
115.3
Source:
Circulation Statement of United States Money.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - ^pard of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
^
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343,8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Budget Receipts and Expenditures," Table 3,
footnote 13).
.
.
.
Treasury Bulletin
7»^
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
Securing silver certificates 1/
End of calendar
year or month
Silver
bullion
2/
Silver
dollars
88.2
24.2
326.5
357.3
1,576.0
1,650.5
4,375.6
4,308.6
129.7
129.5
127.7
7.8
10.8
15.6
26.4
29.2
26.1
357.7
357.9
359.7
1,650.1
1,651.2
1,657.7
4,307.6
4,312.6
4,312.3
2,202.3
2,186.8
2,183.1
121.5
119.5
115.5
U.6
8.7
4.5
26.3
29.1
30.1
365.8
367.8
371.9
1,679.2
1,697.8
1,706.3
4,312.0
4,315.1
4,317.4
2,180.5
2,167.6
2,156.0
113.7
110.5
107.1
5.4
6.2
7.5
30.9
30.8
31.6
373.5
376.6
380.0
1,707.3
1,720.0
1,730.7
4,317.2
4,316.8
4,317.2
2,U5.6
103.5
100.1
4.9
3.7
32.5
34.4
383.6
387.0
1,743.5
1,749.4
4,317.2
4,317.0
161,
130,
1962- January.
February.
March....
2,230.7
2,226.9
2,219.1
1/
2/
2,139.1
17.9
63.0
92.3
15.7
2.3
8.2
14.9
3.2
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:
Subsidiary
coin 2/
2.6
3.6
2,252.1
2,237.5
SepteiBber.
l/
127.4
1960.
1961.
October. .
November.
Silver
dollars
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
253.5
236.3
219.0
202.7
182.3
July
August ....
i/
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
2,194.4
2,208.9
2,212.9
2,245.0
2,251.4
June..
Silver
bullion
Subsidiary
coin 2/
Total
silver
at $1.29+
per fine
ounce
235.4
252.2
269.3
285.4
305.5
1955.
1956.
1957.
1958.
1959.
April.
May...
Silver outside
Treasury
In Treasurer's account
U8.3
2/
4/
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held
held for coinage, and bullion valued at $1.38+ per fine ounce
for recoinage of subsidiary silver coins.
. ...
January 1961
75
MONETARY STATISTICS
,
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
18.5
Misc. silver
(incl. silver
bullion held
June L4, 193<;)
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
Sources of seigniorage on silver bullion revalued
1/
Newly mined silver
2/
Silver P\irchase Act
Nationalized
silver
of June 19,
(Proc. of
Aug. 9, 1934)
1934
,U6.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833-7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
February.
Uarch. . .
1,107.9
1,110.6
1,112.7
48.7
48.7
48.7
April.
Miy...
June..
1,115.3
1,119.2
1,122.8
July
August , , .
September
October. .
November,
December.
1933
Total
seigniorage
on silver
revalued 2/
at cost in
Treasurer's
account
^
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
1,172.5
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
1,126.9
1,130.6
1,134.1
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
16.8
1,137.7
1,141.8
1,146.9
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
16.8
16.8
17.3
,038.5
,101.7
1962.
46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
48.7
Source:
Bureau of Accoxints.
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
2/
of Dec. 21,
Acts of
July 6, 1939,
and July 31, 1946
16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
1935.
1936.
1937.
1938.
1939.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962- January.
Proclamation
Potential
seigniorage on
silver bullion
certificates.
Total of seigniorage on coins and on newly mined silver, beginning
34.5
34.7
34.7
34.7
34.7
34.-?
j/
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
1M.6
125.4
134.7
U3.8
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
U.3
50.0
72.9
lU.O
98.3
70.8
12.6
17.3
12.6
14.6
U.7
M.7
15.8
16.7
16.8
16.8
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar,
as of December 31, 1962
U
Treasury Bulletin
76
.KXCHAHGE STABILIZATION FUWD.
Table 1.- Balance Sheets as of June 30, 1962, and September 30, 1962
June 30, 1962
September 30, 1962
Assets:
1
Cash:
Treasurer of the United States, checking accounts.
Federal Reserve Bank of New York, special account.
$728,870.81
102,375,637.53
$1,234,967.77
77,025,123.17
Total cash.
$78,260,090.94
$103,104,508.34
91,750,542.72
U,058,576.98
2,000,000.00
44,500,000.00
5,000,000.00
2,506,456.80
3,377,481.05
20,229,010.13
25,000,000.00
42,720,000.00
553,840.55
2,522,886.45
654,056.54
8,425,789.69
20,045,955.46
72,250,000.00
21,359,073.02
97,250,000.00
29,137,430.80
Accrued interest receivable
306,291.54
173,060.46
Accrued interest receivable - Brazilian Agreement.,
260,294.53
132,280.83
92,502.35
42,776.88
Special account of Secretary of the Treasury vith
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks:
Central Bank of Argentina
Banco de Brazil
Bank of Canada
Deutsche Bundesbank
Bancs d* Italia
Netherlands Bank
Swiss National Bank
V
,
892, 062.
Investments in:
U. S. Government securities.
Foreign secxirities
Accounts receivable
Unamortized premium on U. S. Government securities.
716.04
Office equipment and fixtures
Less allowance for depreciation.
56,760.13
28, 881. a;
Total assets.
Liabilities and capital:
|{
27,879.09
409.23
59,419.76
30,051.49
342,812.400.35
29,368.27
343,850,940.48
2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account U. S.
savings bonds
Miscellaneous
57,866.65
57,980.64
3,335.23
263,525.68
2,995.91
249,208.08
Total accounts payable
Unamortized discount on U. S. Government securities.
Capital account
Deduct subscription to International Monetary Fund.
Net Income (see Table 3)
2,000,000,000.00
1,800,000,000.00
Total liabilities and capital.
Annxial balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
Note:
succeeding years appear in subsequent reports. Quarterly balance
sheets beginning with that for December 31, 1938, have been published
in the Treasxiry Bulletin.
324,727.56
310,184.63
122,821.32
692,999.90
200,000,000.00
L;2, 364, 851.47
342,812,400.35
1/
2/
2,000,000,000.00
1,800,000,000.00
200,000,000.00
L;2, 847,755. 95
343,8^0,940.48
Excludes foreign exchange transactions for future delivery.
For contingent liabilities under outstanding stabilization agreements, I
see Table 2.
1
January 196J
77
.EXCHANGE STABILIZATION FUND.
Table 2.- Current United States Stabilization Agreements, September 30, 1962
Dates of agreements
Country
Orlgina
(Effective)
Renewal
Expiration
Original
agreement
Repayments
(In millions)
Argentina
Brazil
June
,
May
,
7,
June
1962
Jan.
Philippine Republic,
June 30, 1962
1, 1958
l50
t25.0
15, 1963
70
7<i.5
Deo. 31, 1963
75
Deo. 31, 1962
25
May
16, 1961
Mexico
6, 1963
Jan. 1, 1962
$31.8
Table 3.- Income and Expense
January 31,
Classification
193'4,
through
June 30, 1962
January 31, 193^, through
September 30, 1962
Income:
Profits on British sterling transactions
Profits on French franc transactions
Profits on gold and exchange transactions (including profits
from handling charges on gold)
Profits on silver transactions
Profits on sale of silver bullion to Treasury (nationalized)
Profits on investments
Interest on investments
Ulscellaneous profits....
Interest earned on foreign balances
Interest earned on Chinese yuan
Total income
,
$310,638.09
$310,638.09
351,527.60
351,527.60
135,020,638.48
135,107,597.78
102,735,27
102,735.27
3,473,362.29
3,473,362.29
2,583,989.43
2,583,989.43
23,261,965.29
23,884,481.48
91,169.90
94,031.50
6,221,464.64
6,667,402.01
1,975,317.07
1,975,317.07
173,392,808.06
174,551,082.52
23,538,812.86
24,058,131.27
Expense:
Peraonel services
Travel
1,422,462.92
1,447,637.78
Transportation of things
2,016,752,65
2,073,190.53
Communications
755,302.78
764,428.94
Supplies and materials
182,895.44
186,721.73
3,111,729.94
3,173,216.32
31,027,956.59
31,703,326.57
142,364,851.47
U2, 847,755. 95
Other
Total expense
Set incooe
,.
.
,
Treasury Bulletin
7«
.
lOTERNATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(in millions of dollars)
Bnd of calendar
year or month
V
Foreign
currency
holdings 2/
Total
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
20,532
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
16,963
16,948
16,873
16,815
16,790
16,608
16,847
16,795
16,643
230
16,762
16,718
17,081
16,495
16,434
16,435
16,519
16,458
16,527
243
260
554
16,678
16,562
16,531
16,
U7
September.
16,182
16,139
16,081
496
423
450
October ...
November.,.
December p.
16,364
16,216
16,156
16,026
16,014
16,057
338
202
99
,
,
. . .
,
1958
1959
1960
1961
,
,
,
,
1962. p.
1962- January. .
February,
,
.
,
March
April
May
June
July
Axigust
i/
Qold stock
Treasury
1953
1954
1955
1956
1957
Note:
Total
gold stock
and foreign
currency
holdings
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
(•1,031.2 million) and the Fund's net use of dollars; on December 31,
1962, these two amounts totaled $1,064.4 million.
Under appropriate
circxjmstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
16,098
16,067
15 ,973
15,977
15,978
2/
2/
p
2/
116
99
116
153
Fund with the right of repurchase, the proceeds of which are Invested
by the Fund in U. S. Government securities; as of December 31, 1962,
this anuunted to $800 million.
Includes gold in Exchange Stabilization Fund, which is not included
in Treasury gold figures shown in "Circulation Statement of Ifaited
States Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
January
196")
79
.CAPITAL MDVMENTS,
Data relating to capital movemente between the United
States and foreign countries have been collected since
1935i pursuant to Executive Order 6560 of January I5,
Executive Order IOO33 of February S, 19U9,
regulations promulgated thereunder.
193'+,
and Treasury
Information on the
principal types of data and the principal countries Is re-
ported monthly, and Is published regularly In the "Treasury
Bulletin."
Supplementary Information Is published less
frequently.
Reports by banks, bankers,
and dealers,
securities brokers
and Industrial and commercial concerns In the
will be exactly comparable to those now presented.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by coun-
tries, of data on short-term banking liabilities to and
claims on foreigners and transactions in long-term securities by foreigners, and present detailed breakdowns of the
latest available preliminary data.
Section IV provides supplementary data In six tables
which appear at less frequent Intervals,
Table
1,
short-
United States are made Initially to the Federal Reserve
term foreign liabilities and claims reported by nonf Inan-
Banks, which forward consolidated figures tc the Treasury.
cial concerns, is published quarterly In the February, May,
Beginning April
195'^-.
data reported by banks In the Terri-
August, and November Issues of the Bulletin.
Table
2,
tories and possessions of the United States are Included
long-term foreign liabilities amd claims reported by banks
In the published data.
and bankers,
and Table
3.
estimated gold reserves and
dollar holdings of foreign countries and international
The term "foreigner" as used In these reports covers
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 organ-
izations.
"Short-term" refers to original maturities of
and "long-term" refers to all other
A detailed discussion of the reporting cov-
one year or less,
maturities.
erage,
statistical presentation,
and definitions appeared
In the June 13^^ issue of the "Treasury Bulletin,
'J-5-'+7-
in that
"
pages
As a result of changes in presentation Introduced
issue,
institutions,
are published quarterly In the March, June,
September, and December Issues.
Table
k-,
annually In the March and September Issues. Table 5i
short-term liabilities to foreigners in countries and
areas not regularly reported separately by banking institutions. Is presented annually, appearing in the April
issue through I958 and in the March issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding csilendar year, also appears
annually, beginning with the Kay 1959 Issue.
not all breakdowns previously published
Section
I
-
foreign credit
and debit balances in brokerage accounts, appears semi-
Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
.
.
Treasury Bulletin
«0
CAPITAL MOVmENT£
Section I - Summary by Per lode
2.Banking Liabilities to and Claims on Foreigners
Short-Term
Table
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
national!/
15,158.3
16,159.1
19,388.7
21,271.6
22,415.3
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 2/
7,916.6 2/
8,664.9
9,154.3
10,326.9
10,920.0
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
4,245.6
4,308.4
4,335.4
4,726.5
,
5,392.8 2/
5,665.3 2/
5,890.8
6,999.1
6,934.4
7,655.0
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
3,897.2
3,690.0
13.9
17.9
21.6
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
1,018
827
898
968
1,048
904
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4,700.1
22,362.3
22,666.8
23,081.3
10,208.2
10,054.7
10,423.2
8,291.6
8,445.8
8,179.9
3,701.3
4,014.2
4,294.3
161.3
152.1
183.9
10,213.6
10,404.9
ll,156.7r
8,477.8
8,346.8
Jxine.,
23,265.2
23,401.8
23,932.4r
8,U5.7
4,392.6
4,482.7
4,453.2
June 2/-
24,041.3r
11,156. 7r
8,254.6
July
August
September.
23,608.6r
24,145.4r
24,5M.8
10,726.2r
10,990. Or
11,546.2
October p
November p.
25,192.5
25,173.7
11,961.2
12,041.0
End of calendar
year or month
Total 1/
1942.
1943.
1944.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
1962- January.
February.
March.. ..
U,939.1
April.
May...
.
2/
2/
Payable in dollars
Payable in
foreign
currencies
Foreign
official 1/
Other
foreign
Inter-
Total
Loans to
foreign banks
Payable in
foreign currencies
292.
361.
222.
151.
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
143.7
137.2
169.7
245.0
290.5
490.6
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,415.1
30.9
34.4
54.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
1A7.3
197.7
217.2
479.6
585.6
4,570.3
4,688.3
4,871.4
659.6
697.0
798.7
3,453.0
3,548.7
3,599.8
457.7
442.7
472.9
181.2
167.3
176.8
4,851.9
4,836.3
4,777.8
804.8
845.0
824.2
3,588.5
3,481.2
3,475.0
458.6
510.2
478.7
4,453.2
176.8
4,835.5
834.4
3,520.0
481.1
7,967.8
8,015.8
7,895.8
4,734.9
4,893.5
4,818.9
179.7
246.1
253.9
4,829.2
4,787.9
4,795.1
827.7
818.3
801.6
3,511.4
3,506.5
3,500.6
490.1
463.1
492.8
8,110.0
7,996.7
4,839.2
4,932.0
282.1
204.0 i/
4,951.7
4,863.6
8U.7
3,5W.5
824.5
3,470.1
622.5
569.0
Data exclude nonnegotiable, noninterest-bearing special U. S. notes
held by the Inter-American Development Bank and the Inter-national
Development Association.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are Included in "Foreign
official."
2/
^
p
72.0
Other
246.7
257.9
329.7
392.8
86.
105.
100.
708,
948,
Differs from June data
liabilities and claims
June 30, 1%2.
Includes $97.9 million
official institutions.
Preliminary.
319.1
on the preceding line by inclusion of
reported by banks initially included as of
representing reported liabilities to foreign
r
Revised.
..
.
.
.
January i96J
&i
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.
Calendar
year or
S.
Purchases
396.8 2/
164.2
241.3
513.6
377.7
414.5
344.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1935-41....
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
30.2
143.6
142.3
104.0
122.2
108.1
1962-Jan...
Feb...
Mar...
Apr...
May...
June.
July..
Aug
..
Sept
.
135.2
326.6
76.6
246.1
Oct. p
Nov, p,
Bonds
1/
Net
Sales
-95.7 2/
25.7
70.7
245.3
-15.7
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
492.4
138.5
170.6
268.2
393.4
684.2
283.
330.
333.
294.
1,356.
231.
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
K
K
K
K
K
2/
purchases
Purchases
120,
-27.8
-125.2
-129.5
-36.4
-176.4
-27.6
26.3
-211.3
-7.5
-29.9
-67.5
20.1
20.5
42.5
42.5
23.0
30.9
17.7
19.5
18.1
25.7
22.4
9b. i,
2/
2/
6
-21 6
11 7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-17.4
-6.2
U. 2
37.
26.
28.
41.
24.
30.
31.
19.
225
190,
262
214,
150,
-.4
6.4
1.6
8.4
24.5
27.3
30.8
Note:
Excludes nonmarketable U. S. Treasury bonds, foreign currency series,
l/ Through 1949 Includes transactions in corporate bonds.
2/ Through 1949 Included with transactions in U. S. Government bonds and
75.5
194.6
171.4
357.7
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
143.3
106.9
129.2
187.9
2/
p
182.8
181.3
205.6
169.8
235.2
279.2
168.9
136.2
115.5
133.1
167.1
-411.4
20.9
-43.0
-34.6
-97.4
-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
Net purchases of
domestic
securities
Total
purchases
Total
sales
9,322.1
260.6
392.9
650.4
637.9
782.1
570.9
652.2
784.1
2,011.1
1,533.3
1,384.0
1,447.9
2,205.7
3,227.0
2,790.0
2,282.8
2,982.5
3,810.1
5,127.8
8,695.3
214.0
365.2
439.7
751.0
1,116.3
659.9
844.4
708.9
1,066.6
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
2,985.2
2,685.7
3,770.1
4,392.2
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
287.2
381.3
410.5
336.8
408.0
353.0
313.8
298.0
451.6
231.5
456.4
278.4
476.8
505.7
351.3
558.5
445.0
319.3
502.6
474.1
266.9
511.4
8.9
-95.6
-95.1
-14.6
-150.5
-92.0
-5.5
-204.6
-22.5
-35.4
-55.1
purchases
841.6 i/
236,
217,
1. 3
-1. 7
7
-13 4
Net
Sales
^
151.6
136.9
260.2
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2/
2/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
107, ,7
512.2
-135.0
-52.1
36.3
688.9
126.6
Stocks
Net
430.2
K
^,
K
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
8.2
529.0
2/
Sales
Pxirchases
purchases
58.0
268.9
271.8
140.4
298.7
135.6
119.3
346.5
334.1
106.5
313.5
U5.6
Corporate and other
Govemnent bonds
and notes
y
4,W8.5
54.0
35.8
20.2
20.5
27.6
-65.1
-18.4
7.2
-8.6
-3.9
20.8
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
W9.3
January 4, 1940, through December 31, 1941; the breakdown between
stocks and bonds is not available for earlier years.
Preliminary.
notes.
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)
Foreign bonds
Calendar year
or month
Purchases
1935-41
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962- January.
446
314
318
755
658
211
321
589
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889,0
945,6
882.9
801,9
93,4
106,3
94,6
79.4
124.9
56.0
64.2
50.0
43.5
.
Febr\iary.
March
April
May
June
July
August , , .
September,
October p.
November p
Not available.
250,8
70,5
p
PrelliDinary,
Sales
Foreign stocks
Net
purchases
Purchases
Sales
n,a.
n,a
372.2
n,a,
74.2
225.3
347.3
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621,5
841.3
509.4
991.5
1,392,0
1,915,1
1,457,6
1,445.0
1,262,4
89,0
-29,2
265.5
24.5
-79,8
9,8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
23.3
26,6
37,3
65,2
57,1
81,7
88.8
173.8
272,3
293,9
310,1
393,3
663.6
749.2
592.8
467.2
566.1
509,1
595,7
22.1
54.8
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877,9
875.2
621.9
803.7
803.8
591.7
965.6
90,9
159,8
1^4.8
114,5
301,1
135,7
88,6
64,5
100,4
401,3
201.1
2.5
-53.5
-50.1
-35.1
-176.3
-79.7
-24.4
-14.5
-56.8
-150.5
-130.7
57,8
51.3
57.6
57.3
79.0
70.1
47.9
44.9
43.9
58.2
69.4
80.0
87.3
89.8
67.4
78.9
107.7
37.1
40.7
39.5
40.1
47.5
n,a,
n,a,
n.a,
n.a,
19.8
Total
purchases
Net
Total
sales
purchases
n.a,
n,a,
3,5
4.5
4,008.2
220.5
469.6
340
-17.5
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370,0
772.7
739.1
852,7
1,185,8
1,356,9
1,355,7
1,291,8
1,356.2
1,511.7
1,392.0
1,397.6
-22,2
-36.0
-32.2
-10.1
151.2
157,6
152.2
136.7
.1
203.9
126.1
112.1
94.9
87.5
309.0
139.8
-37.6
10,8
4,1
4.4
18.1
21.8
355
821
715
293
410
763
Net purchases
of foreign
securities
3,152.6
227,9
391,9
247,4
402,1
556,1
676,8
388,2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866,8
2,014,0
2,718.8
2,261.5
2,036.7
2,228.0
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
171.0
247.1
234.6
181,8
380,0
243,4
125,7
105,3
139.8
441.3
248.7
-19.7
-89.5
-82.4
-45.1
-176.2
-117.3
-13.6
-10.4
-52.4
-132.4
-108.9
855,5
-7.4
77,7
93.5
-46.6
265.1
39.0
-94.8
27.8
-M5.4
Treasury Bulletin
82
CAPITAL MOVMENTS
,
Section II - Summary by Countrlee
Table I.- Short-Term Banking Liabilities to Foreigners(Posltion
Country
at end of period In millions of dollars)
January 1961
«3
CAPITAL MOVEMENTS
.
Section II - Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners!/
(Position at end of period In millions of dollars)
.
Treasury Bulletin
8i^
.CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Net TraneactlonB In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1962
Country
1958
Europe:
Austria
Belgium
Czechoslovakia
Denma rk
Finland
France
Germany, Federal Republic of,
Greece
Italy
Netherlands
Norway
Poland
Portuga 1
-1,018
-4,795
70
5,897
-4
4,661
578
10,113
678
-4,476
5,235
1,337
-5,715
1,871
-7,645
18,303
-26
2,109
-34,480
-236
20,039
19,345
-248
28,099
-3,348
1,156
-2,249
4,339
-32,303
57,037
200
62,303
22,749
276
6,937
38,327
24,196
-9
2,415
-17
-517
92,384
265,643
-2,447
1,572
20,696
22,300
-754
13,863
18,507
-30,974
-15
6,669
-1
1,617
10,423
155,230
223
Riimania
Spa in
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom.
Yugoslavia
Other Europe . .
Total Europe.
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
Total Latin America,
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of..
Philippines
Taiwan
Thailand
Othei- Asia
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
International.
Grand total.
May
1961
1960
1959
-2
10,655
4
372
-7
-4,464
-183
-307
58
7
1,535
-65
-231
-483
4,188
3,420
-298
-2,370
439
88
-251
1,918
22,750
-555
-525
1,572
431
103
-324
-1,095
4
1,167
September October p
August
July
June
-2,461
-412
-1
-768
-526
90
61
-155
-6
961
-3,491
2
2
3
-1,719
777
83
-309
-396
1,824
198
-1,057
-101
-464
487
-3,725
-57
435
-2,468
4,149
774
50
408
-23
112
1,739
20,838
102
-423
-511
-6,438
379
-29,811
13,350
517
-92
-24
-240
2,380
-224
-14,248
306
-49,344
-13,081
-13
-199
36
391
145
53
220
7,736
6,270
210
-12,228
-26
-3,624
U3,358
-1,484
17,964
4,430
-4,674
-10,188
12
2
3
1
2
23,644
41,367
-13
-5,230
8,147
1,511
454
366
173
-3,052
-40,197
745,282
198,182
234,280
51,876
16,154
9,237
-27,140
-49,250
-34,820
-202,213
80,696
-81,890
-98,394
-92,496
-85,902
-16,575
10,313
2,830
-13,866
281
-333
-623
-2,601
410
-68,517
232
1,656
2,561
3,385
169
-816
385
82
128
-117
-130
-842
617
29
-345
-76
-46
-569
-35
-3
-36
25
-15
74
251
17
-131
360
-3
-1
149
-359
379
292
1,321
-722
113
2,594
1,762
62
-43,437
1,249
941
-990
25,546
-726
-879
-181
-2,533
-1,210
917
19,538
2,912
1,449
-256
9,514
8,841
-1,227
22,425
2,948
533
-265
-888
4,071
-506
-46,000
.i6,785
-403
4,231
-1,389
-23,252
139,149
802
3
-2
2,147
-497
1,094
-2,276
161
5,343
918
683
427
575
-3
-2
1,805
420
3,474
-540
-7
853
10,393
8,681
467
-957
136
117
477
11
55
10
-10
-293
21
-809
-3
255
-833
-233
27
69
3
8
8,756
198,436
-12,516
965
-29,899
-2,430
-404
-2,675
2,211
298
173
9
164
-239
-3,883
10,110
237,198
-40,051
-6,843
-1,390
-20,544
-2
18,454
1,044
1,156
186
1,281
981
22
43
9,791
39,839
-1,032
215
-74
558
-148
37,712
-35,012
131
-79
13
-10,889
-3,476
7
-10,037
3,046
9
34
505
3,542
-1,357
-369
23,832
-1,347
-1,504
99
536
-8
-230
154
4,338
59
-9
91
9
25
7
14
56
701
-21
158
57
70
10
24
-76
1,015
12
5,389
4,507
-36
14
2,704
45,733
47,133
7,454
-6,136
150
-48
129
-323
805
12
65
-17
-37
264
105
-786
44
18,881
-648
62
769
-191
-13,331
27
2,348
62
-1,890
58
174
91
-572
-2
-1,993
-1,091
58
45
187
-1,M1
575
-13
-180
-1,094
1,161
70
7
1,683
3,503
23
18
98
65
5
-19
-19
25
211
315
6
-103
-7
109
-77
-773
-1,8U
465
-306
-47
928
-282
-21
1
3
5
-178
279
-19,523
-89
399
-3,520
-620
-403
17,211
-3,220
15,118
56
29
2
-38
-9
78
19
-2,639
-8,001
-21
-31
-121
-1,274
3,039
12
-22
65
-99
-5
-3
-602
-5
3
57
1
5
306
-3
-2,562
-10,380
-1,423
15
545
471
-13,108
5,924
10,400
-37
226
92
-5
-44
-8
-221
3
46
86
_2
131
33
-1
-19
-56
404
-4
-11
-4
-7
3
15
-450
18,834
-13,339
3,257
-1,618
-310
315
361
-11
283,453
187,023
238,440
351,883
-62,107
-1,975
-3,017
-177,865
37,196
-397
-2,703
1,124,353
378,416
735,678
-150,532
-91,984
-5,506
-204,57/;
22,463
-35,399
Note:
Excludes nonmarketable U, S, Treasury bonds, foreign currency series,
Preliminary.
issued and payable in Italian lire and Swiss francs.
p
November p
January i96J
«5
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 from the United States)
Calendar year
1962
Country
1958
Europe:
Austria
>
1
j
~
f-
-36
97
-75
24
-1,504
-1,888
-18
414
US
-45
-739
-10,643
51,384
336
1,409
5,271
-5,871
102
973
-1,642
-31,745
-126
109
1,261
6,839
-25
295
-5,049
161
43
-183
23
-179
-651
2,193
2,503
-74
-2,059
17,726
500
5,348
-1,384
500
-35,339
-57,358
-500
4,320
12,766
2,052
-379
3,807
2,697
12,549
3,139
Other Europe
-27,801
2A
-26,268
-29,405
-289
6,592
3,279
346
2,067
-4,864
Total Europe
-72,072
-49,714
-117,320
-261,696
-21,817
-65,953
8,515
-13,571
8,123
29,362
4,129
-543,274
-443,009
-195,849
-318,335
-91,483
-30,995
7,945
3,564
-U,385
-125,254
-95,033
-442
69
4,979
812
2,421
-152
-80
-60
17,060
-92
24
7,804
2,291
3,154
-7,555
-184
5,775
1,889
-345
355
123
46
-19,262
-158
-7
-327
-57
-8
464
-49
215
-139
-11
1
44
11
164
13
-3
2
390
72
523
442
-50
100
268
28
IM
-52
-122
29
-1,080
-7
-54
65
-1
-53
11
350
International
Grand total
lip
-35
-43
-877
Preliminary.
-234,089
-16,325
-7
3,513
2,437
-588
5,864
631
4,168
-5,551
12
6U
21
507
2
-53,597
539
169
-608
33
8
3,949
6,291
-2,768
20
8
-10
42
331
-3
3,235
-20,009
118
2,380
326
205
-517
106
-134
222
1,5U
6,669
319
-1,707
-8
42
3
10
-21
26
2,250
-25
5
1
256
-39
-305
-195
209
-440
-22
1,035
6
381
6
6
-324
-100
8
58
27
1,U8
-610
432
1
16
24
-62
250
-3,317
340
-17,629
422
430
1,919
-1,501
63
-378
1,203
389
1
1
1
-52
-51
-12
1
1
15
-3,536
1,336
-4
-2,358
-3,279
1
2
-1,992
-54,582
-700
-1,807
-1,478
-8,739
-589
1,790
-3,599
-134
2,443
1,913
1,321
-4,905
3,492
-34,435
-1,760
-1,080
-3,034
688
-26,634
-2,590
-2,703
-36,746
-736
-356
-1,068
102
-522
-1,108
4,358
11,245
-107,431
-58,373
-2,934
59
28,318
-50
598
15,283
151
24
-30
-50,536
-32,736
-52
1,513
-15
26
-2,117
-48,113
763
-693
-52
-185
-27,167
1,782
-370
-955
-29,326
1,879
-3
553
4,939
-3,169
14
-8
-1,962
-62,047
-50,300
4
60
-452
-137
-2,586
3
-1
-1,465
-44,843
-96,654
-40,627
-120,581
-26,212
-5,307
-1,020
-5,258
-57,370
-6,401
-9,776
-44,434
-16,099
-66,917
-43,094
-16
8,535
-28,883
1,035
-7
-25,497
-121
-23,980
1,064
-51
621
2,632
594
-5
-22,175
-18,166
-6
9,067
-356
-5,554
-149,625
-15,015
-557,576
-156,583
-147,046
1,291
-10,861
-290
-3,791
3,863
8,897
-4,249
-9,709
-1,362,532
-749,730
-644,717
-830,387
-176,174
-117,319
-13,615
-10,384
-52,391
-132,387
-108,856
-46,677
,,
47
3
1,547
-13,669
-443
-703
3,532
253
-10,266
42
1,015
*..•
Total other countries
]
-503
-3,964
29
164
360
-111
754
-1,098
-4
3,209
-43,392
1,590
,
1
446
1,776
-24
3,345
-2,434
-339
-1,332
3,289
1,698
4,088
-21,880
-640
1,972
9,770
9,439
,
I
-702
1,386
-33,391
-31,423
-331
9,073
-74,441
-1,479
-11
247
Total Asia
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt),
All other
V
17
80
600
-773
683
-1
520
-610
-21,354
Indonesia
Iran
Israel
Japan
Korea , Republic of
Philippines
Taiwan
Thailand
Other Asia
'
-30
184
Total Latin America
;
-57
691
92,200
-16
194
-14,767
Asia:
China Mainland
Ibng Kong
India
1
407
10,014
3,309
-17,024
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam
Panama , Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
I
177
3,282
10,325
-41,730
-1,564
26,968
-87,643
-6,819
-17
-217
-U,519
Canada
j
-13,630
5,021
-93,465
47,539
-552
-35,375
-32,383
1,449
677
34
155
-3
3,256
5,102
18,912
99,082
-912
7,345
197
November p
-13
356
Yiigoslavla
1
U,385
October p
-11,994
131
,
1
-137
7,500
September
August
July
737
,
j
-18,018
21,299
May
1961
-8,511
-20,784
-587
,
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
I
1960
1959
15
36
2
-1
-4,527
-21,731
-4,031
562
49
-7
-1
-412
-8
-463
-1
304
-21
1,000
-750
-3,252
2,429
75
184
301
106
4
2
1
-1,869
-19,441
-23,851
433
-266
-4
-75
-2,996
TO
-36,444
-72,693
-22,867
2,855
-25,686
588
425
-24,344
1,728
8
-24,381
86
Treasury Bulletin'
CAPITAL MOVEMENTS,
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of November 30,1962
(Position In thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
To foreign banks and official institutions
Deposits
Total
To all other foreigners
U. S.
U. S.
Treasury
bills and
certif-
Treasury
bills and
certif-
Deposits
icates
Europe:
Austria
Belgium
Czechoslovakia
302,924
165,645
872
60,704
70,400
1,220,717
2,728,456
97,155
1,218,408
202,921
82,235
7,722
111,123
902
132,815
464,166
684,788
23,627
2,738
1,365,493
Other Europe
304,733
195,474
1,242
68,644
71,879
1,272,241
2,770,221
112,741
1,295,859
243,031
115, M8
8,054
153,536
1,203
165,188
482,524
836,854
25,273
3,280
1,884,117
15,249
285,427
276,848
232,535
107,796
747
31,912
42,869
202,648
269,703
67,524
209,695
89,672
47,770
6,344
107,582
828
110,826
118,837
261,966
23,602
2,661
1,058,685
12,300
68,411
Total Europe
10,311,918
9,235,276
3,074,913
3,666,806
3,428,435
204 ,943
22 ,315
176 ,015
101 ,3U
136 ,031
15 ,061
43 ,982
32 ,818
493 ,539
Denmark
Finland
France
...•••
Germany, Federal Republic of
Greece
....•••••••
Italy
Netherlands
Norway
••••••••••
PoUnd
Portugal
Rumania
Spain
Sweden
Switzerland, ,.
Turkey
n.S.S.R
United Kingdom
Yxjgoslavia
Canada
65,200
50,200
27,200
20,900
942,157
2,114,000
20,000
874,074
101,055
11,252
5,189
7,649
125
1,592
6,631
75,912
344,753
9,631
134,639
12,194
23,213
1,378
3,541
1,805
29,687
370
7,844
1,479
48,774
38,708
15,586
27,384
36,918
32,622
102,342
42,410
301
32,248
18,229
95,028
1,646
274
459,645
632
8,473
5,175,456
984,907
1,717,998
1,690,667
94,989
5,053
80,936
23,504
57,304
1,566
26,756
18,011
293,903
79,596
4,744
70,231
23,156
51,706
1,566
22,706
13,920
196,641
11,263
93 ,985
86 ,686
102 ,759
21 ,218
85 ,477
405 ,746
399 ,405 1/
42,251
9,741
39,638
6,416
33,080
169,185
274,027 1/
26,727
9,449
39,431
5,308
26,167
168,920
143,785
V
1,176,360 1/
884,053
74
20,000
332,000
242,259
252,817
1,791
27,415
370
7,212
1,459
42,117
33,306
15,572
25,156
26,418
31,361
332
1,989
13,329
180,563
25
77
53,991
2,317
106,095
U,617
Other
icates
U
339
1,933
490
142
4,0M
20
2,643
4,378
1,024
1,852
642
886
18
36
42,250
301
29,940
17,529
63,074
1,626
266
232
653
13,211
U3,343
53,919
U
376
9,858
375
124
2,076
47
18,743
20
8
622
8,039
240
262,383
10
194
900,395
519,481
77,564
303,350
19,770
224,535
174,425
35,719
14,391
4,130
309
10,630
348
5,398
103,946
17,067
94,153
76,913
76,208
13,326
17,033
384
72
5,594
120
676
74, %2
109,924
17,259
94,976
77,796
78,684
13,495
17,226
14,807
199,273
21,776 1/
4,962
292
207
108
6,913
265
108,466
51,704
76,945
63,031
14,802
52,315
236,241
122,001
33,079
65,307
62,072
14,036
46,071
230,633
107,266
1,802
3,879
5,151
16,704
10,631
959
766
4,442
1,729
9,584
69,176 1/
223,131
1,240,479
1,167,710
15,358
57,411
5,740
30,263
6,163
1,992
8,393
6,335
22,819
1,139
25,079
7,755
3,386
384
2
814
42
20
1,426
422
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala ...........•..••.•.
Mexico
Netherlands Antilles
and Surinam. ....•
Panama, Republic of
Peru, ,
,
El Salvador
Uruguay
Venezuela ,,,,,,,
Other Latin America
Total Latin America
Asia:
China Ma inland
Hong Kong
India
Indones la
Iran
Israel
Japan
Korea , Republic of
Philippines
2,421,294
35,646
61,610
45,867
26,343
21,907
80,882
2,110,982
29,906
31,295
38,654
24,351
13,504
74,547
2,088,160
Ul,923
U0,784
M5,633
75
200
2,000
22,300
10,562
1,000
4,050
2,091
29,823
25,375
23,901
18,637
13,466
51,589
1,193,996
137,740
134,809
60,571
90,654
166,353
223,158
24,851
5,920
5,753
14
38
16,222
175,274
3,044
9,980
7,645
6,364
34,908
83
U,583
196,017
U7
236
175
95
73
54
362
1,921
1,007
647
2,301
74
120
170
2,894
Taiwan
Thailand
Other Asia
264,4M
68,226
320,176
226,112
36,%9
5,740
29,065
6,119
1,992
8,393
4,889
22,095
1,139
24,829
7,737
3,386
36,329
20
620
Total Asia
3,359,861
3,201,348
1,946,9U
989,272
265,162
156,033
151,713
946
3,374
157,396
37,854
54,108
36,251
40,241
86,450
9,697
17
lU
3,408
1,586
1,844
95
250
3,503
1,586
1,944
13,956
680
13,194
628
28,034
628
26,704
23,702
35,695
34,170
7,000
100
12,459, U9 ]/ 1,523,672
2,557,237
,.,.
170,744
75,981
323,562
9,000
5,700
6,736
718,890
844
10
302
201
17
49
1
Other countries:
Austra lia
Congo , Republic of the
South Africa
United Arab Republic
(Egypt)
All other
UO
150,255
36,268
40,605
16,589
226,855
15,806
196,197
U5,363
1,170
37,640
Total other countries
481,834
439,131
289,919
125,510
515,816
4,409,068 1/
International
Grand total
43,
4,931,984 1/
25,173,697
4,931,684 1/
V 22,412,434
l/
8,429,613
Data exclude nonnegotiable, nonlnterest-bearing special U, S. notes
held by the Inter-American Development Bank and by the International
Development Association.
100
1,330
195
1,330
100
2,047,499
129,782
379,956
.
.
.
.
January 1961
87
CAPITAT MOVEMENTS
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of November 30, 1962
1/
(Position in thoiisands of dollars)
Short-term claims payable in dollars
Country
Total
shortterm
claiiDS
j
Loans to:
Total
Foreign
banlcs and
official
institutions
Other
Collections
outstanding
for own
account and
domestic
customers
Short-term claims payable in
foreign currencies
Deposits of reporting banks
and domestic
customers with
foreigners
Other
Europe:
Austria
Belgium
Czechoslovakia.
Denmark
Finland
I
France
Qemany, Federal Republic of.
Qreece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Sweden
Switzerland.
Turkey
a.S.S.R
United Kingdom.
7,090
20,975
1,778
9,765
31,889
6,708
15,302
1,778
8,625
31,801
3,252
2,465
1,708
264
3,231
269
1,938
61,705
138,815
7,113
-^,979
23,665
50,334
120,451
6,981
41,228
18,329
11,742
29,295
1,678
8,313
3,879
7,185
38,878
99
10,088
682
27,905
10,095
9,461
27,217
5,306
356
3,324
2,069
475
807
2,175
10,095
9,344
22,970
21,215
4,120
8,267
2,960
5,868
1,755
1,754
17,665
64,352
11,717
36
210,131
U,913
1,598
9,952
7,766
155
6,251
8,190
2,872
6,909
1,526
2,752
27,017
2,732
18,562
5
5
3
11
20,734
22
139,796
22
99,419
4,699
14,562
4,699
37,335
11,712
14
70,335
611
650
11,667
1,074
1,950
9,866
70
2,225
1,959
1,237
1,033
382
5,673
382
5,650
5,525
25,961
1,140
88
1,140
88
23,677
17,585
28,601
10,548
15,095
5,204
13,069
12,435
9,758
1,333
11,371
18,364
132
1,751
5,336
688
666
117
117
13,822
355
1,921
17,667
8,909
3,292
12
1,569
5,304
26,538
8,935
U,128
U,066
2,495
770
10
6,570
2,595
1,787
4,131
496
443
739,367
522,482
128,052
100,429
126,134
167,867
216,885
163,508
488,757
269,574
10,484
165,683
7,346
86,061
219,183
88,032
Argentina
Bolivia . .
Brazil....
Chile
Colombia .
181,985
5,284
180,495
174,146
138,366
156,668
5,283
141,072
173,960
138,077
39,450
208
33,735
40,986
22,705
382
51,013
22,052
45,650
37,943
3,312
24,097
26,229
23,908
56,570
1,381
32,227
84,693
54,439
25,317
25,078
39,423
186
289
39,208
Cuba
16,893
18,669
17,671
399,902
7,224
16,866
18,669
17,581
393,935
7,224
861
158
866
90,799
3,323
15,837
9,726
7,095
33,985
3,542
168
4,932
7,681
124,085
77
27
19
Dominican Republic
Guatemala
Mexico
Netherlands Antilles and Surinam.
Panama , Republic of
Peru
El Salvador
Oruguay
Venezuela
Other Latin America
32,300
84,166
12,458
107,326
103,732
82,039
32,256
84,126
12,452
107,311
102,565
81,813
12,826
5,676
11,883
6,858
12,198
1,338
4,479
16,776
18,456
6,504
28,189
6,122
6,756
53,824
31,759
6,068
38,063
4,910
87,113
17,070
19,715
1,167
226
15
756
100
1,562,656
1,489,858
333,924
297,914
318,828
539,192
72,798
66,260
1,677
12,653
18,292
496
22,675
1,672
12,621
17,854
496
22,675
1,668
4,902
5,940
86
3,259
2,957
609
3,847
8,458
915
32
32
2,847
438
438
1,099
17,146
1,171
34,230
1,660,099
4,208
77,137
8,479
34,230
1,618,619
4,208
77,093
8,479
4,511
586,845
2,255
29,243
4,397
U8,939
41,480
41,284
52,096
3,139
11,450
131
3,691
4,605
3,413
23,067
853,592
517
8,942
1,796
44
43
Thailand
Other Asia
33,353
66,495
33,353
65,201
6,746
34,282
126
4,465
4,920
20,467
21,561
5,987
1,294
1,212
Total Asia
1,939,794
1,896,501
703,474
52,335
220,297
920,395
43,293
43,OU
44,276
1,697
12,138
24,543
50,367
30,356
1,697
10,102
24,315
49,673
1,740
364
788
9,803
6,762
4,U8
9,632
13,920
1,138
21,931
14,836
1,333
8,732
1,648
18,794
130
12,864
2,186
2,036
228
694
1,971
158
223
133,021
116,143
19,457
26,531
45,343
24,812
16,878
3,490
4,863,595
4,294,558
1,195,391
642,892
717,948
1,738,327
569,037
364,304
Yugoslavia
Other Europe.
.
Total Europe...
Canada
407
Latin America:
Total Latin America.
W,080
3,853
1,939
U5,066
282
82
8,963
U,895
1
6
93
90
5,%7
969
44
40
16
6
15
fcSia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
4
5
5
410
'ther countries:
Australia
Congo , Republic of the
South Africa
Ifeited Arab Republic (^ypt).
All Other
Total other countries.
452
ntemational.
rand total.
^
Excludes convertible foreign currencies held by U, S, monetary authorities.
Treasury Bulletin
M
CAPITAL MOVBAENTS
,
Section III - Preliminary Detalla by Ckjuntrles
During November 1962
Table 3.- Purchaoes and Sales of Long-Term Securities by Foreigners
(In ttKiusands of dollars)
Sales by foreigners
Purchases by foreigners
Foreign securities
Domestic securities
Country
Europe:
Austria
Belgium
Czechoslovakia
Denoark
Finland
10,089
7,468
1
253
150
Corporate and
other
11,384
8,532
179
4,319
13,616
122
152
655
103
Bonds
Stocks
Bonds
69
2,549
10,020
3,698
1,042
224
4,942
7
593
215
2,911
6
562
45
4
25
33
8,809
8,660
10
98
29
349
302
25
879
326
2,613
2,969
67
888
8,270
5,062
150
3,071
6,313
85
407
90
27
16
178
30
47
56
3
2
2
261
4,230
296
688
9,151
4,103
157
1,879
7,970
30
550
191
50
1
131
94
35
U
248
270
U,747
59
34
73
865
11
4
277
4
296
6,089
12,899
11,622
157
3,245
873
1,253
42
1,170
49
9
1,180
74
29
1,043
27
1,167
2,651
7
2,933
13,615
72,235
10,000
1,629
471
3,369
574
56,327
412
2,562
5,949
8
415
65,465
234
1,059
6,089
252
88
1,376
10
111,084
58,635
6,804
33,559
3,098
80,295
6,742
34,796
3,409
1,270
2,736
78,5M
Yugoslavia
Other Europe
2,751
850
Total Europe
253,209
61,446
11,967
127,946
181,135
79,541
7,931
106
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala
Uexlco
Netherlands Antilles and
Surinam
848
27
1,263
894
232
430
111
80
1
6,779
130
4
1,016
5,626
25,061
282,808
100,998
12,754
121,335
25,072
29,178
21,874
42,611
230,524
33,504
17,525
19,977
136,934
655
80
3
24
1,459
18
955
1,010
175
52
1
1,575
18
1,088
1,100
185
27
1,047
104
11
68
793
157
10
7
19
1,066
156
3,405
319
96
36
3
2,739
195
50
31,155
16
17
12
1,238
1,175
2,474
27
299
53,007
32,700
345
16,248
1,993
45
10
40
6,000
10
35
750
1,544
9
3,408
119
108
2,763
204
2U
4,847
544
3,654
316
110
89
2,973
274
169
10
313
3,527
225
110
25
34
1
326
24
307
1,349
1,325
34,308
11
20,104
47
21,132
656
13,2M
2,848
27
13,667
5,520
20
5,500
68
17
13,406
99
32
11
86
46
1,385
1,068
8
10
20
18
40
18
55
313
1,808
280
117
117
44
754
2
25
20
55
74
6,754
6,0U
2
15
234
1,424
79
104
2.411
Total Asia
23,945
5,530
1,373
10
9
44
9,U6
3
2,252
34
105
U
9
2,343
14
122
16,329
1,771
193
26,929
127
1,0U
222
236
2,471
4,729
10
1
164
101
8,792
2,081
82
53
15
2,448
6,064
7
2,429
98
9,027
11,411
64
5
5
16
10
432
35
11
522
1,815
30
8
1,968
473
209
549
24
95
1,864
10
488
209
7U
3,006
790
2,603
8
877
15
.ii
532
53
44
53
Thailand
Other Asia
32
34
6,039
13
53
Taiwan
International
38
39
22
1,304
754
17
38,521
Total other countries
15
39
136
22
3,261
L2
22,219
Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
21
17
46
3,067
31
Total Latin America
Israel
Japan
Korea, Republic of
Philippines
130,780
764
•
948
1,016
1,706
Asia:
China Ualnland
Hong Kong
India
Indonesia
Iran
8,988
26,789
1,136
Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
1,780
5
94,632
1,474
U,162
39
164,226
U0,277
26
13
23,910
5%, 171
22,359
70,450
69,365
760,097
313,545
30,759
167,122
201,135
Excludes nonmarketable U. S. Treasury bonds, foreign currency series.
Issued and payable In Italian lire and Swiss francs.
Note:
S.
Government
bonds and
notes
Corporate and
other
.-
Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom
Grand total
U.
Total
sales
Bonds
Stocks
Bonds
4
France
Germsny, Federal Republic of
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania , .
Spain
U. S.
Total
purchases Government
bonds and
notes
Foreign seourities
Domestic securities
.
January 196J
89
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHOUT PURCHASE WITH DOLLARS
Foreign currenclee reported herein In United States
dollar equivalents were acquired without purchase with
for the most part
1953i
I'^'to
Treasury custody, and the flow of future collec-
tions through Treasury accounts; and established require-
In connection with foreign
ments with respect to withdrawals from Treasury accounts;
assistance and agricultural trade development programs
limitations on purchases and amounts of holdings; the use
The currenolea
of foreign depositaries; and accounting for the currencies.
are held In the custody of the Treasury Department until
euch time as they are either sold for dollars to Oovern-
Department Circular No. 93O as revised October 20, I961,
added certain requirements governing foreign currency re-
ment agencies or transferred to Government agencies for
porting and accounting.
dollars,
authorized by various provisions of law.
expenditure without charge to appropriations, as epeclfloally authorized by law.
Figures are stated In dollar equivalents, computed
for reporting purposes,
to provide a common denominator
1953, foreign currencies acquired
by Oovemment agencies without payment of dollars generally
It should not be assumed that dollars.
were available to the collecting agencies to defray operat-
the balances, are actually available for the general use
ing expenses and were not subject to the regular appropria-
of the United States Government,
tion processes.
rencies are Inconvertible and restricted as to uses by the
The act of July 15, 1952, Sec. 14-15 (66 Stat. 662),
provided that after June JO, 1953. United States agencies
eign governments.
Prior to July
1,
for the currencies of the many foreign countries Involved.
In amounts equal to
since most of the cur-
terms of agreements between the United States and the for-
could no longer expend foreign currencies belonging to the
The tables exclude the counteiTpaurt funds owned by and
United States except as provided annually In appropriation
held In accounts of the foreign governments.
acts. Subsequent leglslatlwi required executive departments
such funds Is subject to approval of the United States,
and agencies, with certain exceptions,
to reimburse the
Treasury In dollars for the foreign currencies used.
Ex-
ecutive Orders No. 104gg dated September 23, 1953, and
No. 10900 dated January 5. I961, as amended, provided for
the Issuance of regulatl(»e by the Secretary of
the Treas -
and
transactions therein are Included In reports of the Agency
for International Development.
The tables also exclude
the United States purchases of foreign currencies which
are under dollar accountability and reported as dollar
transactions.
ury governing the purchase, custody, transfer, or sale of
foreign exchange by the United States.
The use of
Detailed data, by account, agency, program, foreign
country, units of currency, and related dollar equivalents,
was
are published annually In the Combined Statement of Re-
Issued on October 19, 1953, effective December 1, 1953»
These regulations provided for the transfer of department
ceipts, Expenditures and Balances, beginning with fiscal
Accordingly, Treasury Department Circular No.
93^)
and agency foreign currency balances as of November
"JO,
195«.
Treasury Bulletin
90
DOLLARS
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHDUT PURCHASE WITH
Table 1.- Transactions and Balances in Treasury Accounts
(stated In millions of dollar equivalent)
January 1961
91
.CUMULATIVE TABLE OF CONTENTS.
February 1962 through January 1963
Issue and page number
1963
1962
Reporting bases.
Mar.
Apr.
May
June
July
II
II
II
II
II
II
II
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
10
10
10
10
11
12
12
Aug.
Dec.
Sept.
Articles:
Treasury financing operations.
Summary of Federal fiscal operations.
Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Xnterfund transactions excluded from both net budget receipts
and budget expenditxires
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Detail of excise tax receipts
10
Trust account and other transactions:
Summary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt secxirities,.,.
Net redemption or sale of obligations of Government agencies in
the market
•
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insxirance Fund
Investments of specified trust accounts In public debt securities,
by Issues (latest date September 30, 1962)
9
9
9
9
9
9
9
9
10
11
10
10
11
11
11
10
11
12
12
13
14
12
12
12
12
12
15
13
13
14
13
13
16
17
13
14
15
15
16
17
18
18
9
9
9
9
9
10
10
10
11
11
13
U
13
9
15
15
16
15
15
16
17
18
12
13
14
13
13
15
14
14
15
16
16
11
12
16
17
18
19
Cash income and outgo:
Summary of Federal Government cash transactions with the public...
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Summary of cash transactions through Treasurer's account
20
15
15
20
15
15
19
17
21
16
16
21
16
16
20
18
21
22
22
16
16
17
17
21
22
22
16
21
22
23
19
17
17
16
17
17
23
20
18
15
18
15
23
20
18
15
18
15
25
26
20
20
21
25
26
20
21
20
21
27
27
28
22
22
23
22
22
23
27
27
28
22
22
23
23
24
30
23
24
25
28
29
25
31
26
26
32
27
33
35
28
30
28
30
33
35
28
30
37
32
32
37
32
39
34
34
40
-is
40
40
17
17
15
20
21
18
20
21
17
18
19
22
23
24
20
21
24
26
22
24
20
22
25
27
22
24
21
27
28
25
26
23
24
28
29
25
26
22
22
23
29
29
30
27
27
28
25
25
26
30
30
31
27
27
28
28
29
30
26
27
28
31
32
33
28
29
30
19
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the United States.
Analysis of changes in tax and loan account balances
Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S. Government Investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing secxirlties Issued by Federal agencies but not
guaranteed by the U. S. Government
Statutory debt limitation.
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by Investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods. Series E through K
Redemptions of matured and unmatured bonds
•
Sales and redemptions by denominations. Series E and H combined.
Sales by States, Series E and H combined
28
29
49
55
55
56
58
59
44
23
24
30
23
24
25
25
30
31
32
31
26
26
33
31
29
34
31
34
32
30
35
32
28
30
35
37
33
35
39
37
31
33
35
36
38
32
40
33
35
37
35
35
42
40
38
43
40
46
41
41
48
46
49
46
44
50
45
45
52
50
48
53
50
51
57
57
58
52
52
53
55
59
59
57
57
58
60
55
55
60
60
61
63
64
57
57
58
32
51
52
54
60
(Continued on following page)
60
61
60
62
63
64
56
58
60
Treasury Bulletin
92
.CUMULATIVE TABLE OF CONTENTS,
February 1962 through January 1963
-
(Continued)
Issue and page number
1963
1%2
Feb.
Ownership of Federal securities:
Distribution by classes of Investors and types of issues
Net oBrket purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of Federal securities:
Ownership by banks , Insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1962)
Apr.
May
July
Aug.
Sept.
Oct.
Deo.
61
55
55
62
56
56
65
61
59
65
61
61
62
55
55
56
57
56
57
65
66
61
62
59
56
62
63
65
56
60
66
61
62
63
57
57
64
58
58
67
63
61
67
63
71
69
Market quotations:
End-of -month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities
73
75
61
63
61
63
68
70
62
64
62
64
75
67
69
65
77
67
71
73
67
69
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
76
77
64
65
64
65
71
65
66
65
66
78
79
70
71
68
69
74
75
70
72
78
79
66
67
66
67
68
73
74
67
68
67
68
81
72
73
73
74
75
70
71
71
72
73
76
79
72
73
73
74
75
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources
Summary by States, calendar year 1961
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
Increment from reduction in weight of gold dollar (latest date
December 31 , 1962 )
Exchange Stabilization Fund (latest date September 30, 1962):
Balance sheet
U. S. stabilization agreements
Income and expense
69
68
80
81
81
82
83
70
71
71
72
73
71
69
70
70
71
72
75
76
76
77
78
71
72
72
73
74
69
70
70
71
72
72
83
77
77
78
73
74
75
75
84
85
85
National bank reports:
Earnings, expenses, and dividends for calendar years 1957-61
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. 5. monetary authorities
Capital movements between the United States and foreign countries:
Summary by periods since 1933
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international Institutions
Foreign credit and debit balances In brokerage accounts
Short-term liebilities, countries and areas not regularly reported.
Purchases and sales of long-term securities by foreigners during
calendar year 1%1
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts
Transactions and balances In agency accounts
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date June 30, 1962)
expense (latest date June 30, 1962)
application of funds (latest date June 30, 1962)
86
74
87
90
94
75
95
78
82
83
96
84
75
79
76
80
83
87
89
86
76
76
80
76
77
80
84
87
90
94
77
80
84
77
80
84
77
80
85
95
85
85
81
84
88
89
86
96
86
86
87
90
91
86
75
84
85
85
"87
'87
87
86
88
88
89
88
87
88
90
98
98
100
92
92
90
98
98
90
89
109
94
90
111
ft:
/
Treas.
U.S. Treasury Dept.
HJ
10
.A2
1963
C.2
Treasury Bulletin
U.S.
TREASURY LIBRARY
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