Full text of Treasury Bulletin : January 1965
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LIBRARY
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TREASURY OPPflRTiVENT
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TREASURY DEPARTMENT
JANUARY 1965
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The Treasury Bulletin is for sale by the
Superintendent of Docxunents,
20^02
U. S. Government Printing Office, Washington D.G.
foreign
Subscription per year $8.50 domestic, $11.00
Single copy price varies
January 1965
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
10
Consolidated cash transactions
15
Account of the Treasurer of the United States...
18
Debt outstanding
21
Statutory debt limitation
26
Public debt operations
27
United States savings bonds
57
Ownership of Federal securities..
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
75
International financial statistics
77
Capital movements
81
Cumulative table of contents
98
391
Treasury Bulletin
II
Reporting Bases
and debt which appear
itures and Balances of the United States Government" and
In the "Treasury BiAlletln" are based largely on two Treasury
for actual receipts and expenditures in the "Budget of the
financial reports, the "Dally Statement of the United States
United States Government."
Data on receipts, expenditures,
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least In part on the "CirculaWhere these state-
tion Statement of United States Money."
ments are given as sources for Individual tables, they are
Their respective reporting bases are
described below. For other data In the Bulletin, Information on sources or reporting bases Is given In connection
cited by name only.
with the tables themselves.
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
The monthly statement of receipts and expenditures
Message of January 12, I960.
It does not affect the surplus
was first published for February 195^i and replaced the
dally statement as the primary source of Information on
ury Bulletin were revised to the new reporting basis in the
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
September i960 Issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treas-
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
or deficit.
Figures for earlier periods shown in 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-
The announcement of February 17,
133^, with respect to these reporting changes may be found
In the April
195'4-
issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
Including those made from cash
and figures for prior fiscal years back through 1932
19'*^,
were revised accordingly at that time.
The daily statement on the new basis was first Issued
for February 17,
shown,
195'^-
In the deposits and withdrawals as
no distinction is made as to the type of accounts
accounts held outside the United States Treasury. The
Information Is compiled from reports by the Treasurer of
the United States and by all other collecting and dis-
Treasurer of the United States.
bursing agencies, Including those agencies which maintain
the basis of checks paid or cash disbursements made out of
checking accounts In commercial banks.
These reports cover
(budget,
trust,
etc.).
The deposits are on the basis of
certificates of deposit cleared through the account of the
the Treasurer's account.
Total withdrawals are on
Some of the withdrawal classi-
transactions recorded In the accounts of the agencies
fications shown are reported on the basis of mailed reports
The net of the transactions
of checks Issued and are adjusted by means of clearing ac-
during the reporting period.
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 ac-
minor amounts, noncash interfund and other Intragovernmental
count and in cash held outside the Treasurer's account and
transactions are excluded.
changes in the public debt outstanding.
dally statement also are on a "clearance" basis, v/lth the
exception of those issuance and retirement transactions
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
Except for relatively
The public debt figures in the
reported on the basis of telegrams from Federal Reserve
Noncash debt transactions are included, however.
on a collections basis and partially on a deposits basis.
Banks.
Expenditures, except interest on the public debt, are reported on the basis of checks ISBued or cash payments made
The dally statement before February 1?, 195'+, 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
It provided information similar to that in the present daily
accrual basis beginning with figures for June 1955 and
the fiscal year 1955.
Prior to that, It was included on
count, and similar to that in the present end-of -month dally
a due and payable basis.
The same reporting basis as that
wei'e
handled through commercial bank accounts, and included
noncash interfund and other Intragovernmental transactions.
statement with respect to the statue of the Treasurer's ac-
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
Jianuary
1965
III
Reporting Bases
-
(Continued)
in the dally statement were used ae the basis for reflecting
dled through commercial bank accounts, consisting of market
the results under the President's budget program as enacted
transactions In public debt and guaranteed securities, were
by the Congress.
as reported by the agencies.
Interest on the public debt
was Included on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to that time.
Receipts were on the basis of deooslts as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two successive
bases.
Through
19l(-6
they were on the basis of checks paid
by the Treasurer of the United States.
Beginning with IS^f
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
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.
statement,
It Is issued later than the daily
however, and the figures are based on transac-
tions 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
tions, were on the basis of checks paid.
that period.
Note:
^rtiere
Transactions han-
calculations have been made from unrounded figures, the details may not check to the totals shown.
January 196'?
iui
Treasury Financing Operations
January Advance Refunding
On December 30, 196^, the Treasury announced an offering
the $29.1 billion of the latter securities, $18.7 billion
to holders of the 2-5/8 percent bonds due February 15, 1965,
was publicly held, and $10.4. billion was held by official
and seven other selected note and bond issues maturing from
accounts.
November 15, 1965, to November 15, 1967, an opportunity to
tax purposes solely on account of the exchange of these issues.
extend the maturity of their holdings at attractive yields.
Treatment of the exchange for tax purposes is described more
Offered in exchange, as of January 15, 1965, were new
fully in later paragraphs
/^
percent
bonds maturing February 15, 1970, new 4.-1/8 percent bonds
No gain or loss was recognized for Federal income
.
Subscription books were open from
January 4 through January 8,
maturing February 15, 1974, and additional amounts of the
Exchange subscriptions received, on the basis of prelimi-
reopened k-^/U percent bonds callable beginning in 1987 and
nary reports, totaled $4>379 million for the 4 percent bonds of
maturing August 15, 1992.
1970, $3,101 million for the 4-1/8 percent bonds of 1974, and
Treasury Bulletin
iU2
Treasury Financing Operations
-
(Continued)
All ccoipons dated Febrmry 15, 1965, and all
rate will be received until August 15, 1967, requiring rein-
subsequent coupons were required to be attached to the securi-
vestment of the proceeds of the 3-3/^3 of August 1967 at that
Subscribers
time at a rate of at least 4. 32 percent for the remaining
requesting registered securities had to furnish appropriate
6 years and 6 months, all at compound interest, to average
identifying numbers as required on tax returns and other docu-
out to a <i-l/8 percent rate for 9 years and 1 month plus
ments submitted to the Internal Revenue Service.
the $0.10 immediate payment.
were not invited.
ties in bearer form surrendered for exchange.
Subscribers
This minimum reinvestment
January 1965
Ar-3
Treasury Financing Operations
-
(Continued)
ties exceeded the cost basis to the investor of the securities
is the cost basis of the old securities reduced by the amount
exchanged, such g£iin (but not to exceed the amount of the
of the payment.
payment) had to be recognized and accounted for as gain, for the
if any, upon the old securities surrendered in exchange will
The investor will carry the new
be taken into account upon the disposition or redemption of
taxable year of exchange.
securities on his books at the same amount as he carried the
old securities except that he will reduce the cost basis by
Gain to the extent not recognized (or loss),
the new securities.
If a premixjm was paid by the subscriber no gain or loss
Amounts paid to subscriber or by subscriber (-)
for each security offered in exchange
(per $100 issue price)
Securities exchanged
Accrued interest to January 15,
Payment to subscriber
1965, amounts paid
or by subscriber (-) on
purchase price of secuBy subscriber on
To subscriber on
rities issued
securities exchanged seucrities issued
—
Net amount
paid to
subscriber, or
by subscriber
(-)
For the 4 percent bonds of 1970
Z-5/S% bonds of 1965 l/.
I0.6O
$1.091372
3-l/2it notes. Series B-1965.
A% notes, Series E-1965
3-5/8% notes. Series B-1966.
0.45
0.90
0.40
0.70
0.50
0.05
-0.30
0.589779
0.674033
1.507133
1.611073
631906
1.559103
0.610843
3-l/S%
3-3/4%
3-3/4%
3-5/8%
notes. Series C-1966.
bonds of 1966
notes, Series A-1967.
bonds of 1967
-
11.691372
1.039779
1.574033
1.907133
2.311073
1.131906
1.609103
0.310843
.
For the 4-1/8 percent bonds of 1974
2-5/8% bonds of 1965 1/.
3-1/2% notes. Series B-1965.
4% notes, Series E-1965
3-5/8% notes. Series B-1966.
3-7/8% notes. Series C-1966.
3-3/4% bonds of 1966
3-3/4% notes. Series A-1967.
3-5/8% bonds of 1967
0.65
1.091372
1.741372
0.50
0.95
0.45
0.75
0.55
0.10
-0.25
589779
0.674033
1.507133
1.611073
0.631906
1.559103
0.610843
1.089779
1.624033
1.957133
2.361073
1. 181906
1.659103
0.360843
.
For the 4-1/4 percent bonds of 1987-92
2-5/8% bonds of 1965 l/.
-0.25
1.091372
$1.766984
-O.925612
3-1/2% notes. Series B-1965.
4% notes. Series E-1965
3-5/8% notes. Series B-1966.
3-7/8% notes. Series C-1966.
3-3/4% bonds of 1966
3-3/4% notes. Series A-1967.
3-5/8% bonds of 1967
-0.40
0.05
-0.45
-0.15
-0.35
-0.80
-1.15
589779
0.674033
1.507133
1.611073
0.631906
1.559103
0.610843
1.766984
1.766984
1.766984
1.766984
1.766984
1.766984
1.766984
-1.577205
-1.042951
-0.709851
-0.305911
-1.485078
-1.007881
-2.306141
1/
.
Not eligible for nontaxable exchange privilege.
the amount of the payment and increase it by the amo\mt of the
was recognized; but his tax basis in the new securities is his
If the fair market value of the new securi-
cost basis of the old securities increased by the amount of
gain recognized.
ties plus the amount of the payment did not exceed the cost
basis of the old securities, the basis of the new securities
the premium.
The new 4 percent bonds of 1970 and the new 4-1/8 percent
Treasury Bulletin
iU4
Treasury Financing Operations
-
(Continued)
bonds of 1974. are dated January 15, 1965, and bear Interest
prior to maturity for the purpose of using the proceeds in
from that date payable on a semlanmial basis on August 15,
payment of Federal estate taxes, but only if they are ovmed
1965, and thereafter on February 15 and August 15 in each
by the decedent at the time of his death and thereupon consti-
year until the principal amount becomes payable.
tute part of his estate.
of 1970 mature February 15, 1970, and the bonds of
February 15,
The bonds
1974,
mature
All of the new and additional bonds
were issued as bearer bonds, with interest coupons attached,
and bonds registered as to principal and interest, and in
1974..
The additional issues of the 4.-I/4 percent bonds of 1987-
denominations of $500, $1,000, $5,000, $10,000, $100,000, and
92 are dated August 15, 1%2, and are identical in all respects
$1,000,000.
with the original issues except that the interest on the bonds
Tax Anticipation Bills
issued in exchange accrues from January 15, 1965.
Interest is
The Treasury announced on January 6, 1965, that, "to cover
payable on a semiannual basis on Febraary 15 and Augiist 15 in
the bulk of its cash needs for the first quarter," it would
Securities offered in exchange
Approximate investment
yield from January 15, 1965
to maturity 1/
Securities eligible
for exchange
1%
bonds of
Feb. 15,
1970
2-5/8$ bonds of 1965, maturing
February 15, 1965
V
3-1/2$ notes, B-1965, maturing
November 15, 1965
4$ notes, E-I965, maturing
November 15, 1965
3-5/8$ notes, B-1966, maturing
February 15, 1966
3-7/8$ notes, C-1966, maturing
February 15, 1966
3-3/4$ bonds of 1966, maturing
May 15, .1966
3-3/4$ notes, A-I967, matiiring
August 15, 1967
3-5/8$ bonds of 1967, maturing
November 15, 1967
4.16$
4.18
4-1 ^8%
bonds of
Feb. 15,
1974
4.23$
4-1/4? bonds
of Aug. 15,
1987-92 to
first call or
maturity 2/
Approximate reinvestment rate
for the extension period 2/
4?
bonds of
4-1/8$
bonds of
Feb. 15,
Feb.
1970
1974
15,
4-1/4$ bonds of
Aug. 15, 1987-92
2/
To first
call
To
maturity
A,-5
January 1965
Treasury Financing Operations
-
(Continued)
Tenders receiveci totaled $4,045 million, of which $1,758
million, including $46 million of noncompetitive tenders,
million was accepted at the average bank discount rate of
was accepted at the average bank discount rate of 3.972 per-
3.711 percent.
Noncompetitive tenders for $300,000 or less
(without stated price) from any one bidder were accepted in
full at the average price of accepted conpetitive bids.
These
cent.
Noncompetitive tenders for $200,000 or less (without
stated price) from any one bidder were accepted in full at
the average price of accepted competitive bids.
Requirements relating to deposits with tenders and the
totaled $241 million.
Banking institutions generally could submit tenders for
denominations of the new one-year bills were like those for
account of customers provided the names of the customers were
the tax anticipation bills described in preceding paragraphs.
Others than banking institutions
Payment for accepted tenders was required to be made or com-
Tenders
pleted on December 31, 1964, in cash or other immediately
set forth in such tenders.
could submit tenders only for their own account.
were received without deposit from incorporated banks and trust
available funds or
companies and from responsible and recognized dealers in in-
maturing on that date.
vestment securities.
Tenders from others had to be acccmpanied
a
like face amount of Treasury bills
Payment by credit in Treasury tax and
loan accounts was not permitted.
by payment of 2 percent of the face amount of the tax anticipation bills applied for, or an express guaranty of payment
by an incorporated bank or
ti-ust
company.
All bidders were required to agree not to purchase or to
13-Week and 26-Week Bills
December issues of regular weekly bills totaled $11.2
billion, refunding an equivalent amount of weekly bills
or sale or other disposition of any bills of the additional
maturing which included the remainder ($0.3 billion) of the
strip bills issued July 29, 1964. The new 13-week bills
issue at a specific rate or price, until after one-thirty p.m.,
carry 91 -day maturities and were Issued in amounts of $1.2
eastern standard time, January 12, 1965.
billion each on December 3, 24, and 31, and in amounts of $1.3
26billion each on December 10 and 17. All five of the new
sell, or to make any agreements with respect to the purchase
Payment for accepted tenders in cash or other immediately
available funds was required to be made or completed on
week bills nature
Any qualified depositary was permitted to make
of $1.0 billion.
payment by credit in its Treasury tax and loan account for 50
table following.
January 18.
in 182 days and were Issued in
Average rates of discount are shown in the
percent of the tax anticipation bills allotted to it for
itself and its customers up to the amount for which it was
q\jalified in excess of existing deposits.
The additional tax anticipation
bills were issued
January 18, 1965, and mature June 22, 1965.
They will be
accepted at par in payment of income taxes due June 15, 1965;
to the extent they are not presented for this purpose the
face amount will be payable without interest at maturity.
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)
One-Year Bills
Tenders were invited on December 16, 1964, for the auction
on December 23 for $1 billion, or thereabouts, of 365-day
Treasury bills for cash and in exchange for Treasury bills
maturing December 31, 1964.
The new bills are dated December
31, 1964, and mature December 31, 1965, when the face amount
is payable without interest.
Of the total $2,311 million tenders received, $1,003
weekly amounts
13-week
(Additional amor.nt of bills of
original maturity of 26 weeks)
Treasury Bulletin
iU6
Treasury Financing Operations
-
(Continued)
The new certificates were issued at various interest
Foreign currency series bonds outstanding on December 31,
rates, with 3.^3 percent for the shortest term of 1 month,
1964, were equivalent to $1,086 million and were denominated
3.75 percent to 3.90 percent for the seven 3-month issues,
in Austrian schillings, Belgian francs, German marics, and Swiss
and 3.875 percent for the 6-month certificate.
At the end of
Decanber the outstanding foreign series securities totaled
|63/t
Note:
francs.
There were no transactions in these securities in
December.
million.
Details of Treasury market financing operations are shown elsewhere in this issue of the Bulletin in the tables on
public debt operations.
January 1965
SUMMARY OF FEDERAL FISCAL OPERATIONS
(
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
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
86,376
89,459
43,970
65,303
74,120
67,537
64,339
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
Calendar years;
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
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
87,516
88,696
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
94,188
96,945
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
Months:
1963-Jan.
Feb..
Mar..
Apr.
May..
June.
5,533
7,305
9,663
5,735
6,953
12,061
8,013
6,763
7,806
7,590
7,470
7,715
July.
Aug..
Sept.
Oct..
Nov..
Deo..
3,547
7,290
10,095
3,400
7,131
8,803
1964- Jan..
Feb..
5,853
8,047
10,148
6,609
6,136
12,401
Mar.
Apr.
May.
June*
July
August.
September.
October.
November,
.
.
.
December.
1965 to date.
i/
,
Net
increase
in
public
debt, or
decrease
(-)
-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
-6^266
-8,226
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
551
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
311
815
-41
101
739
-259
267
592
1,092
-691
483
-214
-401
-250
-303
284
522
-523
530
-6
-145
507
448
196
741
87
-106
-319
-209
-34
376
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
-2,024
1,961
806
-1,672
978
4,558
6,998
6,846
9,783
4,510
4,264
6,795
8,656
6,085
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
151
-576
-2,480
542
1,857
-1,854
-516
4,346
-126
404
-270
635
-206
864
-260
-320
85
-53
1,221
-1,645
173
2,038
656
7,863
8,305
7,815
8,776
7,784
8,289
-4, 316
192
-7
155
93
135
76
31
-830
-1,025
1,700
402
204
-495
383
100
-193
1,773
1,132
-5,118
-152
2,938
-5,273
760
2,105
8,492
7,521
7,871
7,930
7,511
9,527
-2,639
-130
581
-41
607
428
-357
392
133
95
355
-770
1,730
-767
-1,939
3,931
181
-3,111
2,531
1,861
-2,571
2,215
2,735
-1,015
2,279
-5,377
-652
514
526
2,277
-1,322
-1,375
2,874
269
-223
-529
-436
-674
3,487
6,653
10,072
3,398
7,037
8,856
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
-40
66
-130
366
171
-393
-903
387
86
-188
-595
-161
-530
2,906
1,520
26
2,851
-546
39,503
48,092
-8,589
244
1,623
6,228
41
83
1,015
-134
-4,886
640
3,400
-4,498
2,412
-3,741
end of period
Debt outstanding
Treasurer'
account
balance
2,047
1,839
-388
-2,299
2,096
-551
-698
234
729
168
23
Levels,
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
7,659
5,853
-21
224
109
-237
154
204
183
493
Figures through the fiscal year 1952 and the calendar year 1953
are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II). More details for data
on this page are shown in succeeding tables.
Excess of receipts, or expenditures (-). For detail, see pages 10-14,
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June and
the fiscal year 1955 (previously included from November 1949 as
interest checks and coupons outstanding); also deposits in transit
and changes in cash held outside the Treasury and in certain other
accounts beginning with the fiscal year 1954. Net increase, or
decrease (-).
Source:
^
.
,
5U
Clearing
account,
etc. 2/
1/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
39,
Net of
tru3t
and other
transactions
In millions of dollars)
Public
debt
Total
Federal
securitie
Subject to
lipit
.tation
44
74
107
101
111
140
240
444
607
813
257,377
255,251
259,151
266,123
271,341
274,418
272,325
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312, 526
256,652
254,567
253,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
238,862
298, 212
306,099
312,164
24
42
256,731
259,461
54
267,
76
34
256,026
258,794
266,821
274,671
278,256
280,348
276, 276
274, 564
232,607
290,513
239,971
296,061
303,616
309,724
318,464
Guaranteed
securities
20
29
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
12,116
11,036
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
305,860
311,713
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
7,375
7,295
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,398
282,922
290,798
290,217
296,169
303,470
309,347
317.940
103
104
109
127
156
330
518
742
809
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
5,485
303,417
304,638
302,993
303,166
305,204
305,860
531
541
548
562
577
607
303,943
305,179
303,541
303,728
305,781
306,466
303,577
304,835
306,535
306,635
306,442
308,215
309,347
647
674
693
705
718
742
305,482
307,209
307,328
307,147
308,933
310,089
305,115
306, 342
306,962
306,781
308,577
310,357
309,590
307,601
311,532
311,713
762
793
818
802
309,339
311,150
310,408
308,402
312,337
303,975
310,786
310,045
308,040
311,975
312,164
311,183
314,089
315,610
315,635
318,486
821
7,U6
8,252
6,579
7,558
12,116
5,270
7,375
8,300
11,036
6,150
6,739
10,189
5,691
8,104
7,295
7,295
46
52
81
53
805
813
U5
312, 526
304, 809
303,172
303,359
305,413
306,099
308, 567
309,724
834
312,004
314,938
316,496
316,456
319,320
317,940
809
318,750
318,464
317,940
809
318,750
318,464
848
886
821
311,643.
3U,577
316,135
316,096
319,034
J/ 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 23, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; 1280 billion on February 26, 1958; $283 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on
July 1, 1959; $293 billion on July 1, I960; $298 billion on July 1, 1961;
$300 billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on April 1, 1963; $307 bUlion on May 29, 1963; $309 billion on
July 1, 1963; $315 billion on December 1, 1963; and $324 billion on
June 29, 1964.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Prlncloal Sources
January 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.~ Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Total
Interest
1957.
1958.
1959.
1960.
4,064
628
745
601
967
1961.
1962.
1963.
1964.
4,082
3,206
4,436
4,077
942
877
765
955
2,749
3,196
3,158
Dividends
and other
earnings
438
674
506
1,111
805
743
860
984
Realization upon
loans and
investments
387
345
325
392
312
304
350
374
1,012
182
154
200
130
114
343
263
263
331
330
342
370
409
10
7
29
-13
36
23
24
56
32
27
8
20
4
4
13
10
66
29
30
23
35
29
18
11
29
5
-20
32
36
61
22
20
10
25
34
118
3
11
43
11
11
230
371
1,076
752
89
81
58
125
25
73
72
266
92
Apr. .
May, .
June..
240
243
387
17
40
119
37
76
105
34
36
-12
July..
Aug...
739
323
252
493
92
85
93
104
294
429
320
10
83
96
93
96
2,357
701
574
Dec,
F.Y. 1965
to date.
18
121
124
131
2/
10/
11/
Fines,
penalties
and forfeitures
Other
1/
6
93
20
23
23
325
16
12
94
14
89
11
79
48
11
13
6
7
services,
31
Includes adjustments as follows for:
Income taxes not withheld,
March -$6 million, June +$106 million, August -$4- million, and N-ivember
-$5 million; income taxes withheld, March -$50 million, June -$57
million, August -$78 million, and November +$27 million; transfers to
Federal Old-Age and Survivors Insurance Trust Fund, March +$52 million,
June -$4.6 million, August +$80 million, and November -$24 million; and
transfers to Federal Disability Insurance Trust Fund, March +$4. million,
June -$2 million, August +$2 million, and November +$2 million.
See
also footnote 9.
Interest on refunds is included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance. Amounts transferred currently for
appropriation to the trust fund are based on estimates of old-age
insurance tax receipts made by the Secretary of the Treasury (42
U.S.C, 401 (aj), and are adjusted in later transfers on the basis of
wage and self-employment income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C, 401 (b)). The act appropriated to the trust fund amounts
equivalent to specified percentages of the wages and self -employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from time
to time to the trust fund on the same basis as transfers to the Federal
Old-Age and Survivors Insurance Trust Fund, Rates of tax were increased by the percentages appropriated to the Federal Disability
Insurance Trust Fund, the increase being applicable to wages paid and
taxable years beginning after December 31, 1956.
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
49
59
53
54
57
U
53
160
161
133
111
28
86
5
8
70
118
437
74
9
6
4
13
7
1
7
5
26
6
5
9
11
8
1
5
12
9
1
6
6
1
13
8
11
5
6
12
2
3
6
1
6
5
5
1
7
28
7
3
1
4
7
6
24
1
9
38
36
28
9
4
25
74
51
41
9
5
4
1
-7
18
226
223
40
35
66
79
39
2
59
49
62
101
20
38
1/
55
58
45
69
81
15
53
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U. S. ports) bullion charges, gifts and contributions,
and undistributed prr»ceeds, sale of foreign currency.
,
Footnotes to Table
7/
8/
Fees and
other
charges
for
100
101
110
10
11
Source:
Figures through 1961 are from reports to the Treasury Department
by disbursing officers and administrative agencies, on the monthly
statement reporting basis (see page II) and from the monthly statement
of receipts and expenditures thereafter.
6/
Seigniorage
Fees for
permits
and
licenses
etc.
79
90
93
96
591
313
Oct...
Nov. .
property
Sale of
products
266
322
343
114
352
12
Royalties
Sale of
Government
328
328
587
436
1964-Jan...
Feb...
Mar...
Sept..
Recoveries and
refunds
1
12/
13/
14/
15/
*
(Continued)
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Employment Security Act of I960, approved September 13, I960 (42
U.S.C, 1101), established in the Unemployment Trust Fund, an adminsistration account, and appropriated for credit to that account,
beginning with fiscal 1961, amounts equivalent to taxes collected
and deposited under the Federal Unemployment Tax Act. The tax
receipts are transferred currently on the basis of estimates by the
Secretary of the Treasury, with later adjustments as necessary.
From that account is to be paid the administrative expenses of the
employment security program. Previously the corresponding amounts
were included, respectively, in budget receipts and budget
expenditures.
The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note
established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that the
amounts appropriated should be transferred currently to the trust
fund on the basis of estimates by the Secretary of the Treasury with
proper adjustments to be made in subsequent transfers. Before fiscal
1957 corresponding excise tax receipts were included in net budget
receipts and Federal-aid highway expenditures were included in
budget expenditures.
For content, see Table 4. These transactions are included in the
detail of both budget receipts and 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 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 14).
Less than $500,000.
Treasury Bulletin
,
AEMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
100
75
50
25
Jianuary
1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Legislative
Branch
Fiscal year
or month
1957
1958
1959
I960
97
99
118
126
1961
134
153
147
152
1962
1963
1964
1
Judiciary
Executive Funds
Office
appropriated
to the
of the
President President
39
44
10
47
49
56
56
52
70
29
57
62
65
23
Department
498
594
676
686
44,677
43,205
48,252
49,760
971
1,153
3,685
4,215
4,909
5,498
908
1,029
1.124
284
294
317
328
4,117
4,040
4,143
83
70
76
51j
496
489
93
99
72
4,215
4,265
5,114
85
75
132
538
210
668
3,238
3,512
3,907
92
104
120
122
107
111
656
192
281
171
783
567
567
65
2
April ....
May
June
13
3
2
333
363
519
253
76
2
634
353
57
July
August.
September,
11
12
19
2
196
330
247
1,063
979
689
91
2
October.
November.
December.
13
12
2
9
F.Y. 1965
to date
2
36
53
48
31
54
42
debt
V
7,244
7,607
7,593
9,180
57
74
1961.
1962.
1963.
1964.
8,957
9,120
9,895
10,666
83
1
964- January .
February
March. .
April
May. ..
June,
895
399
941
July
August. . .
September.
957
913
927
October.
November.
December.
923
917
.
35
25
26
77
-224
48
-15
145
28
30
73
84
87
26
26
29
31
24
44.
24
64
77
8
10
457
468
493
115
112
36
28
27
70
32
59
74
73
73
33
95
45
482
417
114
40
74
42
91
29
28
53
23
509
108
38
67
31
34
33
677
186
377
329
246
49
51
14
1,642
4,896
373
22,492
General
Services
Administration
Housing National
and
AeroVeterans
Home
nautics
AdminisFinance and Space tration
Agency Adm. 3/
Federal
Aviation
Agency
7/
Other
6/
Atomic
Energy
Commission
748
765
2,178 21/
375
1,990
2,263
2,541
2,623
441
508
987
985
1,059
2,713
2,806
2,758
2,765
638
698
726
751
228
228
73
58
131
73
37
570
425
359
408
-23
199
1,152
309
387
U5
502
739
466
593
410
328
59
201
48
54
-79
-2
666
751
690
801
137
2,826
Cf-.er
independent
agencies
4,805
5,098
5,232
5,250
911 12/
744
1,257
2,552
4,171
5,401
5,392
5,173
5,478
794
937
293
159
355
317
359
479
450
454
452
326
505
414
448
496
145
401
940
956
224
79
23
167
46
162
42
81
77
39
57
-135
-136
173
387
406
435
466
364
494
-337
65
421
296
203
2,334
2,731
199
88
141
955
95
117
238
207
230
5,593
45
635
1,389
Source:
Figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II).
Note:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of tine. For expenditures
Agem-y shifts are
by functions on a consistent tasis, see Table 6.
reflected in this table as follows: Beginning 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
beginning 1958, Federal Facilities Corporation (remaining functions) fron "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies;"
beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to Independent agencies, "Civil
694
96
65
9
80,342
76,539
513
664
71 ,369
81,515
87,787
92,642
97,684
8,492
12
7,521
7,871
7,945
7,537
9,574
15
26
47
7,930
7,511
9,527
8
7,837
8,167
477
84
7,410
8,083
-6
8,456
6
8,450
8,339
7,060
8,789
10
8,329
9
7,051
19
8,770
48,697
605
48,092
1
1
18
130
27
7,641
7,883
Total
budget
expenditures
355
441
334
385
386
39
66
3
68,966
478
487
49
63
50
72
59
467
567
-15
67
66
66
100
80,697
77,233
28
71 ,936
-312
71
-49
261
228
225
99
95
69,433
31
80
120
66
-32
26
25
8,573
55
55
134
2/
Less:
interfund
transactions
10/
17
233
223
242
89
District
of
Total by
Columbia agencies
63
48
27
87
-I'-O
26
57
64
50
50
41
831 4/
654
-33
221
96
567
1,016
549
82,169
88,419
93,155
98,348
99
10
6
7
as indicated in footnote 12;
258
307
408
347
7U
1,193
925
380
907
.
F.Y. 1965
to date.
68
74
620
257
370
4
On
refunds
of taxes
1957.
1958.
1959.
I960.
525
3,936
3,726
4,174
Interest
On
public
,128
5I8
674
774
State
Department
914
797
770
578
870
546
Treasury Department
Fiscal year
or month
999
1
572
Post
Office
Department 1/
179
206
272
247
253
326
291
2
75
41
5,929
6,669
7,735
7,897
2
.
214
229
250
258
1,803
2,053
3,968
4,119
2
12
13
Labor
Department
7,091
5,419
,764 2/
9
,
Justice
Depart-
2,295
2,645
3,092
3,403
15
16
.
Interior
Department
639
733
807
902
5,006
4,875
964- January
February.
March.
.
Military
38,439
39,062
41,233
42,824
1
23
Health,
Education,
and
Civil
functions Welfare
Department
Defense Department
Connnerce
562 2/
645
382
539
4,115
4,081
4,109
11
Agriculture
Department
Aeronautics Administration from "Commerce D^artment" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration;" from fiscal 1960 through November 1962, and from December 1963,
through March 1964, military assistance from "Funds appropriated to
the President" to "Defense Department, military," and beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President."
1/ Consists of net expenditures of the Postal Fund, reflecting the change
in classification of Post Office transactions to a public enterprise
revolving fund basis, and beginning fiscal 1960, payment for public
services.
2/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
2/ Adjusted for reclassification.
Remaining footnotes on following page.
Treasury Bulletin
ADMINISTRATIVE 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 j/
Fiscal
year or
month
Total
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington 2/
1957
1958
1959
1950
467
567
355
694
456
557
342
421
31
181
41
682
465
46
1961
654
633
513
664
640
620
499
648
410
330
186
199
43
80
120
77
120
12
12
15
11
26
47
26
44
477
84
6
477
84
10
5
1962
1963
1964,
196iC- January
February.
March
, .
April
May
June
Juljr
August
September..
October
November.
. .
December.
.
F.Y. 1965
to date
.
340
24
57
51
34
Housing
and
Home
Finance
Agency
1/
47
45
39
90
118
146
160
152
Panama
Canal
Company
Small
Business
Admin.
Tennessee
Valley
Author-
Veterans'
Administration
v
ity
6
3
10
30
A2
4
4
12
35
7
11
40
47
49
13
12
6
154
8
16
18
22
24
96
3
9
9
7
10
14
19
7
23
9
15
32
9
14
20
27
10
11
Other
6/
24
11
1
Under
Defense
Production
Act 1/
Reimbursement by
Panama
Canal
Company
2/
Federal
intermediate
credit
banks'
franchise
tax 8/
Charges
for
audits
of
various
agencies
9
14
15
73
11
3
25
18
1
429
46
26
1
15
12
6
9
9
19
19
605'
599
1
11
435
10
76
31
Source:
See Table 1.
}/ By Govenment agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
2/ Excludes transactions under Defense Production Act.
1/ 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.
4/
By various agencies for programs under the Defense Production Act.
6/ Consists of payments by the: Colorado River Dam Fund, Boulder Canyon
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
Ji.
13
15
Civil Defense Program Fund; Farmers' Home Administration: Agricultural
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
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
Fund 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.
V
Footnotes to Table 3.- (Continued)
V
6/
7/
8/
2/
JO/
Beginning with fiscal 1961 , administrative expenses of the employment security program are handled as trust account expenditures
rather than budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, 1960 (42 U.S.C. 1101); see
Table 1, footnote 12.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
1954, certain functions transferred:
Under Reorganization Plan No. 2
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)
to the General Services Administration. The corporation was abolished
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 Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
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).
11/
12/
12/
•
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury 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 from January 1, 1957, until
January 1959 when they were classified as Government-sponsored enterprises (see "Trust 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
"Consolidated Cash Transactions," Table 2 and "Debt Outstanding, "Table 1.
Less than $500,000.
January 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures and Balances, by Agencies,
as of November 30, 1964
(
In millions of dollars;
negative figures are deductions in the columns in which they appear)
Additions, fiscal year 1965 to date
Agency
Unexpended
balances
brought forward
July 1, 196i
1/ 2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
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
'
Total
Increase
Appropriations
1/
i
A
15,113
i,664
1,190
165
69
810
3,647
5,957
727
30,07i
316
43,434
1,283
2,261
593
43
346
425
1,560
651
692
13,316
3,203
1,096
12,649
107
5,922
1,201
365
555
522
388
12,483
2,625
724
597
566
5,250
5,435
1,162
76
?,064
98,963
75
541
Ul
^
160
69
810
3,647
Expenditures
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
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
expenditures of the Government
Total
328
Total budget expenditures
17
3
Unexpended balances November 30, 1964
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
^
-1
2,317
569
148
309
298
213
5,194
1,158
344
Investments
held
6,010
2,353
300
Total 2/
8/
166
44
804
17,408
7,052
1,605
2,065
198
60,184
1,055
109
1
1
5,867
1,096
260
591
766
316
7,463
3,026
5,867
1,245
260
239
29
37
1,898
2,237
135
50
1,024
1,041
1,579
6,554
3,913
1,629
27
25
131
143
112,515
9
Unfunded
contract
authorizations
15
60,075
1,045
18,324
100,629
589
1,078
804
11,398
2,629
1,104
28
121
591
250
8,858
3,496
775
132
1,143
399
10,843
766
316
7,713
3,026
1,024
1,041
14,708
6,554
4,444
13,628
131
-6 2/
29,063
6,011
2,053
149,642
586
39,322
Source:
Bureau of Accounts,
Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
Includes same categories as shown under Unexpended balances at end of
1/
current period.
2/ Although not expended, a substantial portion of these amounts is obligated for payrolls, outstanding purchase orders and contracts for
equipment and supplies, and similar items,
2/ Includes reappropriations,
4/ Consists of authorization by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts), or
(2) from the public (to expend from corporate debt receipts).
Consists of new contract authorizations, established by law for the
^
564
150
9
4,152
322
555
522
388
12,483
2,625
717
597
1,458
5,250
5,585
1,164
76
-7
U
39,908
Certain interfund transactions.
5,922
1,221
365
14
151
1,351
741
48,434
1,283
66
29
5U
Civil
Deduct:
Rescissions,
cancellations,
and other
adjustments 7/
6,557
15
14
585
Deductions, fiscal year 1965 to date
Agency
Transfers 6/
Authorizations
Other authorito expend from
zations
debt receipts ^/
^
7/
8/
2/
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Consists of appropriation transfers between agencies.
Consists of transfers to, or restorations from (-), the surplus fundj
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 preliminary
data used in the monthly statement of receipts and expenditures of the
•
Less than $500,000,
Government,
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
January 1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expendituree and Balances by Functions
(Fiscal years; in millions of dollars)
-
(Continued)
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS,
Table 1.- Summary of Trust and Other Transactions
(In millions of dollar.-)
Net receipts or
expenditures {-),
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-}
1957.
1953.
1959.
I960.
195
633
-329
-50
1,363
829
-2,751
-870
1961.
1962.
-602
436
97
790
-851
1,143
1964.
551
1,U6
-130
-1,169
1,642
1964 -January.
February.
581
-41
March ....
April.
May. ..
June
,
July
August.
September,
,
.
October.
November.
December..
.
-993
2,677
-674
594
-40
-1,181
66
-130
1,648
-273
366
171
-1,257
-188
-829
Net
expenditures
1/
Net sale, or redemption
(-), of securities of
Government agencies in
the market
-^,339
-597
-925
400
1,293
1,746
23,583
24,29c
27,689
30,331
22,793
26,545
28,885
-855
-493
-2,069
-2,775
-537
1,780
1,022
1,880
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
1,942
2,935
2,067
2,523
1,491
109
117
20,34^
25,
4,744
3,117
1,171
l,13r.
U1
24
-3,23c
-1,770
502
4,171
1,994
2,713
2, 524
2,266
1,205
-1,960
-64
378
-108
l,22i
2,928
1,966
2,481
2,073
2,794
:,556
-309
780
1,022
1 ,
855
Net sale, or investment
(
-) , by Government
agen.^ies in public debt
securities 2/
12,938
15,325
19,521
21,212
14,301
16,153
16,769
103
607
-436
Net
receipts
1/
532
244.
-1,036
Fiscal year 1965 to date.
13,815
Figures are from the monthly statement of receipts and expendiSource:
tures of the Government (for explanation of reporting bases, see
page II).
1/
Certain interfund transactions are excluded from both receipts and e
penditures beginning with the July 1961 issue of the Bulletin. For
details see Table 6.
2/ Includes guaranteed securities ( see Table 4)
251
67
125
-139
14,852
258
Figures in this table differ from those publish ed pri-T t^ August
19''3 for shifts in classification including securi ty transactions of
Government-sponsored enterprises from deposit fund account expenditures
to net investment by Government agencies in public debt securities, and
net redemption ^f agency securities in the market; and certain deposit
fund accunt receipts from net receipts to net exp enditures.
Note:
Table 2.- Trust Receipts
(In millions of dollars}
Fiscal year
or month
FOASI
Trust
Fund
Federal
Disability
Insurance
Trust
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
receipts
1/
Total
trust and
other
receipts
Interfund
trans-
January 1965
11
,
TRUST AND OTHER TRANSACTIONS
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits J
Trust and deposit funds
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
1957
1958
1959
I960
6,665
8,041
9,380
11,073
632
730
778
1,136
1,6a
181
361
561
1961
11,752
13,270
14,530
15,285
746
1,089
1,259
1,341
1,124
1,135
1,112
1,139
4,734 2/
3,906
1,234
1,253
1,272
103
106
107
99
102
April
May
June
1,273
1,273
1,690
108
107
130
July
August
September.
1,270
1,275
1,286
110
110
112
October, ,
November. .
December. .
1,282
1,275
1,230
111
112
193
100
101
93
7,619
749
58i
19fi2
1963
1964
1964- January.
February.
March
.
.
.
,
Fiscal year 1965
to date
1
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
Other
operations
924
102
176
946
-16
110
1D8
115
241
179
226
14
114
113
115
222
242
?34
117
118
118
4D5
426
28
7
-20
-12
441
-134
5
5
120
4
118r
137
-16
-110
-4
119
436
400
383
709
2,490
205
37
17
94
422
572
443
39
5
96
99
93
314
227
267
37
32
32
5
5
96
235
217
210
37
6
32
32
5
165
33
251
280
29
29
5
1,357
191
29
93
Financing
by Treasury
2,620
2,78i
3,017
3,645
94
96
100
Federal National
Mortgage Association 1/
955
1,063
1,183
1,326
707
626
747
585
3,815'
retirement
funds
Highway
Trust
Fund
966
1,512
2,613
2,945
86
120
3,707
en^^loyees'
591
699
792
515
544
562
582
3,148
3,054
2,736
Federal
80
83
79
72
5
5
5
41
3
-42
42
66
1
3
-19
14
-73
317
-730
-104
-16
-10
4
-3
-6
-26
15
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Publ'lc Debt and Agency Securities (Net)
(In millions of dollars;
negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
1957
1958
1959
1960
Total
trust
accounts
etc. 1/
2,339
597
-1,13i'
925
1961
855
493
2,069
1962
1963
1964
1
Total 1/
2,775
96^ -January
February
March
-1,328
830
167
2,3^2
506
-1,232
760
Feleral
Old-Age and
SuTvivore
Insurance
Trust Fund
220
-499
325
729
-1 ,290
552
-726
494
-225
285
,089
-821
707
301
1,782
2,412
Federal
Disability
Insurance
Trust Fund
-1
692
Railroad
Retirement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
Federal
employees
retirement
funds
Highway Federal
Trust
intermediFund
ate credit
banks 2/
36
-33
-35
264
274
-1,255
-1,011
89
95
76
-16
-56
-17
-41
62
-21
-952
21
-78
-63
-129
-139
456
-44
44
-90
69
573
69
-35
-44
-25
-22
-78
-19
-9
-286
-151
-14
94
170
1
112
1
-3
-5
57
-225
75
»
-84
-10
483
-205
772
-93
3
-3
-3
173
28
56
55
431
88
-39
-279
-10
159
-87
-5
-87
15
-3
75
-51
45
659
-96
9
6
-5
53
-3
128
-133
-90
-135
55
55
-73
73
-136
-191
-1,345
822
273
-884
443
246
-80
4
72
1
16
803
404
99
671
-100
871
418
-393
-428
1,063
1,034
1,075
1,126
233
202
242
-69
958
April.
May..
June
-1,491
-1,510
3,079
1,533
-707
1,882
172
-51
3,230
1,770
July
August
September
-1 ,?05
-1,258
-775
-72
1,960
-251
1,915
1,100
-5
37
Oct'^ber,
-1,556
-1 261
-780
452
-884
266
-253
-93
-29
-78
-86
-19
-12
-59
245
-81
10
809
6
7
-3
-4
-2
67
-160
-141
-35
-1,022
-986
-547
-233
-208
581
54
-20
433
-609
November.
December.
Fiscal year 1965
to date
-224
Other
trust
accounts,
etc. 1/
99
34
2
3
28
-24
97
45
27
93
301
70
104
93
86
48
35
Trust accounts, etc .-(Continued)
Public enterprise funds
Government-sponsored enterprises
Total
Governmentsponsored
enterprises
17
Banks
for
cooperatives
Federal
Deposit
Insurance
Corpora-
Federal
home
loan
banks
Federal
land
banks
tion
Federal
intermediate
credit
banks2/
Total
public
enterprise
funds
1957
1958
1959
I960
39
460
-70
239
104
115
124
134
-67
346
-299
102
1961
1962
434
30
148
154
1963
1964
771
43
161
287
-122
612
183
-141
-119
-36
57
72
-3
-176
-109
91
-106
Apr.
May.
-287
204
4
15
19
151
June
185
1
-292
188
84
-1
-318
21
1964-Jan..
Feb..
Mar.
July.
August
September
Oct'^ber.
November
December.
Fiscal year 1965
to date
-318
164
-31
-6
29
273
10
-361
3
-2U
32
5
78
2
36
91
102
166
1
149
3
191
105
1
287
363
2/
-60
Production
credit
corpora
tions 2/
-40
Federal
National
Mortgage
Association 2/
25
53
62
14
15
97
-32
36
138
8
42
-23
34
229
269
-64
2U
45
6
28
196
24
-113
-8
237
-27
53
72
143
-25
44
-27
44
-51
27
263
-364
-294
84
104
-286
48
100
-37
-74
See Table 1 .
See Table 1 , Note.
See Table 3, footnote 8.
Management and liquidating functions as provided by the Housing Act of
-2
4/
-12
-29
-10
4/
22
-18
19
-3
7
-14
-4
-7
-3
10
5
16
-4
19
4
3
4
-18
1954, approved August 2, 1954 (12 U.S.C.
•
14
14
18
18
6
-5
-9
24
-2
Other
18
19
17
18
101
61
-274
Tennessee
Valley
Authority
6
13
1
Federal
Savings and
Loan Insurance Corporation
51
-1
SoTirce:
1/
2/
Federal
intermediate
Adminiscredit
tration
banks g/
Federal
Housing
42
1721).
guaranteed securities.
Includes net transactions in guaranteed securities
Less than $500,000.
13
Investment includes
.
See also footnote 3
1965
J<anuary
13
.TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities in Market <Net)
(In millions of dollars; negative figures are excess of sales)
Securities not guaranteed by the United States
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
-33
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Public enterprise funds
Trust
enterprise
Total not
guaranteed
fund
D.
C.
1/
stadium
fund
-33
6
-10
-28
-1,137
-406
-1,283
-1,717
1957
1958
1959
19«)
-1,171
-400
-1,2°3
-1,746
-10
-29
1961
1962
1963
1964
537
-100
-1,780
-1,022
-1,880
-204
-162
-206
-81
-204
-162
-206
2.-59
-20
-31
-25
309
261
6
-19
-24
April
May
June
-109
-117
-502
16
-23
11
16
-23
11
-125
-95
-513
July
August
September.
-378
108
-27
-38
-8
-27
-33
73
-350
146
October.
Mnvember.
-67
-125
66
-13
66
-13
139
25
25
-133
-112
115
, ,
February.
March
.
December.
.
.
.
.
.
Fiscal year 1965
to date
230
64
2
-258
Source:
See Table 1.
1/ See Table 1, Note.
2/ Classified as a public enterprise funa prior to January 1, 1957; as
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government-sponsored enterprise thereafter.
-262
2/
4^
*
Federal
National
Mortgage
Association ^/
136
638
-1,576
-860
-1,674
-20
-31
-25
1964.-January.
Federal
intermediate
credit
banks 2/
Management and liquidating functions.
Secondary market operations.
Less than $500,000.
-233
6
797
Home
Owners'
Loan
Corporation
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Federal
Old -Age and
Survivors
Insurance
Trust Fund V/
Fiscal year
or month
1957
1958
1959
1960
124
600
1961
332
1962
1963
1964
361
423
403
Federal Disability
Insurance
Trust
Fund 1/ 2/
Unemployment
Trust
Fund ij
Railroad
Retirement
Account
1/2/
6
13
22
22
1964 -January
February
March
403
Total
5
10
11
211
86
132
101
38
35
32
37
9
47
10
10
135
908
12
12
13
515
528
505
15
521
7
8
11
12
16
4
7
443
19
July
August
September
October
November
December
V
District
of
Columbia 6/
2
15
April
May
June
Federal
employees
retirement
funds
21
10
9
21
,
Fiscal year 1965 to date
Source:
See Table 1
1/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage,
2/ Includes interest on amoiints reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
25
26
42
4/
^
6/
account is insufficient to meet paymenls of benefits and refunds due
or to become due
Repayment of advances plus interest tc the Railroad Retirement Account,
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund,
Contributions and beginning with 1958, transfers of deductions from
employees salaries to the Civil Service Retirement and Disability
Fund, and advances to National Park Service.
Less than $500,000,
'
^
Jianuary
1965
15
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
both.
Noncash items representing the obligations of the
Bxilletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A),
payments are made.
Shown also is the amount of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
Revisions of the figures for
These items consist of certain interest
issuance of a few special public debt securities.
Checks
earlier years have been made where necessary to make them as
outstanding, deposits in transit, and other clearing accounts
nearly comparable with current Budget classifications as avail-
are excluded from payments.
able data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doccuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
fund accounts.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
public includes net borrowing ty the Treasury through public
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
net effect of all these transaction^ with the public
The
is re-
flected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury,
Treasury Bulletin
16
CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Less:
Federal payments to the public
Equals:
Fiscal year
or month
AdminlatrBtlve budfrot
receipts
(n-t)
Fiscal year:
1957
195«
1909
I960
1961
1962
1963
1964
1964-January
February
March
April
May
Juno
July
Au^us t
September
October
November
December
Fiscal year 1965 to date.
Trust
receipts
(net)
Intrngovcrnmental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
Administrative budget
expenditures
(net)
Trust fund
expenditures (net)
-A, 2 VI
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
6,628
11,525
12,168
8,334
10,652
14,376
8,492
7,521
7,871
7,930
7,511
9,527
2,257
2,063
2,227
2,935
2,067
2,523
-902
-191
-707
-703
-45
-1,548
9,848
9,393
9,390
10,163
9,533
10,502
-3,219
2,132
2,778
-1,829
1,119
3,874
7,ao
95
611
-1,016
10,217
11,218
9,700
-5,472
-666
2,039
-298
156
-453
10,512
9,281
11,112
-6,168
-904
62,040
-10,688
86,37f
89,459
27,6S')
-.'.,1?6
30,331
l,08rt
5,853
8,047
13,148
6,609
6,136
12,401
4,744
3,117
-313
-228
-309
-217
-2?7
-1,142
3,487
6,653
10,072
3,398
7,037
8,856
1,532
4,171
1,994
1,224
2,928
1,966
-274
-273
-327
-278
-249
-566
4,745
10,552
11,739
8,083
8,450
4,344
9,716
10,256
8,329
7,051
8,770
2,713
2,524
2,266
2,481
2,073
2,794
39,503
13,815
-1,966
51,352
48,092
14,852
Public
debt in-
Cash borrowing from the public, or repayment (-)
crease, or
decrease (-)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
1964-January
February
March
April
May
June
July
August
September
October
N ivember
December
Fiscal year 1965 to date...
Net sales
of Government agency
securities in
market 1/
cash
receipts from,
or payments
to (-), the
publi c
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
-2,758
-2,811
-3,025
-3,027
-4,001
-3,814
Change in securities held by the public
Fiscal year
or month
payments
to the
public
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
14,301
16,153
16,769
20,342
23,583
24,290
Plus:
Excess of
Total
Federal
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
70,562
63,550
67,915
77,761
77,659
81,409
3,705
2,330
1,942
Intragovernmental and
other
noncash
transactions
(See Table 2)
Net in-
vestment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
Total
cash
borrowing
from the
public,
or repayment (-)
Plus;
Seigniorage
Cash balances,
Equals:
net increase, or
decrease (-)
Treasurer'
account
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,958
-2,160
-597
-536
-923
-1,033
-1,099
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,859
-770
1,780
-767
-1,989
3,931
181
-289
-230
24
109
117
502
1,328
-830
-167
1,491
-3,230
-1,770
269
720
-911
-389
819
-1,088
-86
-133
-35
-22
-61
-48
-530
2,906
-64
378
1,205
-1,960
611
1,324
-38
-67
1,520
26
2,851
-546
-108
67
251
1,556
-809
-82
-16
-153
1,581
1,633
2,015
3,400
125
-139
1,663
1,648
2,167
780
95
122
217
6,228
258
1,022
7,508
Figures are from the monthly statement of receipts and expendiSource:
tures of the Government and the daily Treasury statement ( for
explanation of reporting bases, see page II).
i/ See "Trust and Other Transactions", Table 'J, for net sales and redemptions of Government agency securities in market.
292
200
-234
2,/
^
436
-857
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
-952
4,299
-4,422
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
-222
118
-74
206
2,651
-1,533
3,854
1,611
-874
183
586
-946
-411
758
-1,136
-1,111
2,531
1,861
-2,571
2,215
2,735
84
194
-23
335
-333
9
-3,027
2,724
1,838
-2,235
1,883
2,745
572
-4,886
640
-10
-43
-4,896
1,257
226
-30
46
178
3,626
-4,528
2,459
-630
367
-3,374
7,274
49
59
44
53
55
58
45
69
-4,498
2,412
40
-3,741
5
140
-23
-4
597
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes increment resulting from reduction in the weight of the
gold dollar; excluded from receipts from the public but Included
in cash deposits in the Treasurer's account.
Jcanuary
1965
17
•CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
tin millions of dollars)
Intr^e^overnraental trgnsactions excludf^d from both receipts and payments
'ivil
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
1964-January
February
March
April
May
June
July
August
September
October
November
December
Fiscal year 1965 to date
Interest
on trust
fund
investments
1,318
1,342
1,315
1,327
1,404
1,423
1,467
1,603
service retirement 1/
Payroll
deductions
for employees
Employers'
share
660
525
579
7U
744
744
74/.
^38
84'
-4'
'='41
914
973
'"i73
Federal
payments
to District
of Columbia
66
37
75
54
74
102
88
83
Other 2/
158
133
103
105
792
561
898
559
11
50
IP
86
27
94
78
90
90
3
1
13
110
44
85
85
-15
14
V
Total
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
Noncash
debt
transactions
relating
to receipts
T.ital
Seigniorage
'
1/
49
4'.
'/<'
Hi
313
228
212
222
1,136
217
227
1,142
»9
56
78
78
1
9
83
J?
23
-10
6
39
79
89
79
24
94
84
94
84
62
47
120
49
81
81
70
320
271
240
93
93
4
33
557
9
9
520
520
51
333
1,926
40
335
503
9
-1
13
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
303
222
304
957
54
11
41
57
receipts
adjustments
270
267
3
5
7
7
274
273
327
278
249
566
1,966
Treasury Bulletin
18
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
the same bank.
On occasions,
to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
to leave funds In banks and In the communities In which they
arise until such time as the Treaaury needs the funds for its
the country.
operations.
As the balances In these accounts become depleted,
Deposits to tax and loan aocounte occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
In this way the Treasury Is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
payments and funds for the purchase of Government securities.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
money from a customer'
s
pages 275-284.
account to the tax and loan account In
Table 1.- StatuE* of the Account of the Treasurer of the United States
January 196'?
19
.ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analyeis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Balance
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
l'.)57
2,976
1958
1959
I960
2,82/V
2,668
2,679
1961
1962
1963
196i
2,737
.-',725
2,699
Retirement
plan
bonds 2/
Tax
anticipation
securities
1963-December,
2;
30,''
.
.
24?
223
April.
.
.
223
Withheld
and
excise 3/
Income (by
special
arrangement) 4/
Average
High
4,152
7,903
5,919
6,053
45,448
55,044
58,520
57,496
46,000
50,908
62,994
54,782
4,082
8,218
3,744
6,458
6,078
8,869
8,055
6,458
1,078
912
1,190
2,987
3,246
3,638
4,103
7,613
5,898
2,963
1,788
3,774
3,830
2,014
34,511
37,519
41,267
43,580
9,142
6,521
6,835
9,921
55,842
56,438
57,595
58,277
56,847
53,076
56,085
59,421
5,453
8,815
7,653
8,839
10,324
10,257
1,161
1,531
2,535
1,577
4,151
4,457
5,325
4,747
475
4,449
1,748
6,892
4,792
5,621
5,970
2,428
4,082
1,499
23
1,825
5,707
7,108
4,995
3,375
4,951
2,451
4,783
6,940
6,005
7,437
2,166
2,323
2,743
3,405
3,459
5,013
3,168
4,987
6,712
6,134
2,404
4,089
3,974
6,557
9,180
6,234
6,700
9,447
1,577
4,234
4,467
3,477
5,656
6,642
1,844
5,094
8,134
6,519
4,514
4,880
4,505
5,085
8,339
9,155
5,899
8,519
3,732
4,411
2,742
6,165
5,109
5,529
2,250
5,421
5,394
6,434
3,394
6,699
4,155
6,182
7,707
6,^29
6,076
3,320
3,339
2,221
4,789
4,639
4,438
,
5,4'=9
1,539
4,688
2,197
20
May
211
June
,:21
4,426
2,065
August.
September
235
219
204
1,546
4,875
3,911
4,019
October.
November
December,
210
198
217
1,196
4,438
3,816
1,860
.
End of
period
26 709
27,881
29,190
33,059
1,387
4,775
July
Total
credits
6,568
13,513
13,164
7,920
1
Marcti.
Other
During period
Withdrawals
5,Oi3
2,922
7,581
7,734
2,76.0
1964 -January.
February
Taxes
740
735
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
2/ Retirement plan bonds first offered for sale as of January 1, 1963.
i/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income tax beginning
V
63
105
10,324
9,180
4,e9i
5,377
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and xinder the Railroad
Retirement Tax Act beginning July 1951 and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951 authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
to the tax and loan account in that bank. This procedure is followed
during some of the quarterly periods of heavy tax payments,
Less than $500,000,
;
4/
»
813
,
Treasury Bulletin
20
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
94,.V,2
77,279
85,015
93,736
93,817
4,596
-2,921
-12,124
1,044
96,897
105,911
114,454
121,5?!
97,774
112,188
118,477
124,066
-877
-6,278
-4,023
-2,485
7,278
12,137
13,419
11,084
10,874
9,862
-3,806
1,313
3,557
8,151
11,670
14,563
10,068
10,373
9,620
-1,917
1,297
4,949
U5
-5,587
208
1,887
Cash
deposits
Fiscal year:
1957
1958
1959
1960
81,875
82,094
31,612
1961
1962
1963
1964
1964- January.
February.
March
.
April
May
June
July
August .
September.
.
.
October.
November.
December,
.
.
.
.
F.Y. 1965 to date
4,858
10,
11,951
11,614
11,742
9,727
4,579
10,816
9,936
10,513
10,934
53,754
9,557
-5,934
-118
379
62,918
-'',164
Plus:
Clearing
accounts
2/
-1,904
1,827
-306
309
ing,
Total net
transactions
Net cash borrowor repayment of
borrowing
(-
Treasurer'
account balance, increase, or decrease (-)
Equals:
1965
Jianuary
21
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(in millions of dollars,'
Interest-bearing debt
Total outstanding
Public debt
End of
fiscal
year or
Total
morith
V
Public
debt ^/
Guaranteed
secari-
Guara:--
Public
d'?bt
107
101
111
ii;0,471
270,527
276,3^3
284,706
286,331
289,211
298,645
306,466
312,526
238,971
298,201
305,860
311,713
1963-Dec ember.
310,089
1964 -J anuary.
February.
March . .
309,339
311,150
310,408
April
Kay
June
July
August
September.
.
Other
6/
140
2,042
1,646
2,373
3,090
2,042
1,646
2,873
3,090
529
597
476
445
2,238
240
444
607
813
285,911
294,886
302,559
308,169
285,672
294,442
301,954
307,357
240
444
605
812
3,300
3,759
3,907
4,357
3,299
3,759
3,906
4,356
349
438
310
295
2,49i
2,667
2,922
3,289
58
115
129
142
125
150
396
484
420
480
309,347
742
305,955
305,213
741
4,134
4,133
349
3,036
164
125
459
308,577
310,357
309,590
762
793
818
305,254
306,919
306,222
304,499
306,132
305,405
755
787
817
4,085
4,231
4,186
4,078
4,225
4,185
295
311
3,03b
3,166
266
3,171
164
164
164
125
125
125
459
459
459
308,402
312,337
312,526
307,601
311,532
311,713
802
805
813
304,186
308,018
308,169
303,385
307,214
307,357
801
4,216
4,319
4,357
4,215
4,318
4,356
278
382
295
3,166
3,164
3,289
I64
164
I42
150
150
150
457
458
480
312,004
314,938
316,496
311,183
314,089
315,610
821
307,675
310,472
312 ,007
306,855
309,625
311,122
820
4,330
4,465
4,488
4,328
4,464
4,487
273
3,289
3,275
3,425
150
425
298
142
150
U2
150
474
472
472
31r ,456
315,635
318,486
317,940
321
312,037
314,856
314,362
311,217
314,023
313,553
820
833
4,419
4,464
4,388
4,418
4,463
4,387
263
316
337
3,394
3,385
3,308
142
150
150
150
469
412
413
1961.
1962.
1963.
1964.
.
^
110
139
,;t'4,817
. .
-
InterAmerican
Development bank
106
.''/6,444
October
November.
December.
t-o
InterInternational national
Development
Monetary
Association
Fund
268,486
274,698
281,833
283,241
<'7n,t-34
.
Total
268,592
274,798
281,944
283,380
1957.
1958.
1959.
196C.
.
teed
securities
Special notes
i/V
3/'
319,320
318,750
848
886
834
809
101
804
812
847
885
Source: Daily Treasury statement,
For
Includes certain debt not subject to statutory limitation.
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Treasury (see Table 6)
Held
outside the Treasury.
2/
_!/
Matured debt and debt bearing no interes
ij
^
6/
1,068
618
1,979
Guaranteed
securities 2/
(matured)
444
430
4I7
407
142
200
179
55
Consists of Federal Housing Administration debentures, and also D. G.
Armory Board staditm bc-nds 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 tlie U. S. subscription to each,
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2,- Computed interest Charge and Computed Interest Rate on Federal Securities
(T'cllar amoiiiitc in millions
J
Treasurij Bulletin
22
DEBT OUTSTANDING
Table 3.* Interest -Bearing Public Debt
(In millions of dollars)
F^iblic issue?
End of
fiscal
year or
month
Total
interestbearing
public
debt
Ninmarketable
Marketable
Total
public
Total
1957
1958
2^8,486
.'?74,698
228,452
1959
1960
281,333
283,241
237,07?.
1961
1962
1963
1964
285,672
294,442
301,954
307,357
1963- Dec.
1964- Jan..
Feb..
Pills
Treasury
bonds 1/
Certificates
Total
Treasury
bonds,
U.S.
savings investment
hionds
series
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,343
17,^50
30,973
20,416
27,314
51,483
80,839
90,932
84,853
81,297
65,953
59,050
54,497
54,622
51,984
50,503
47,544
240,629
249,503
257,153
260 729
187,148
196,072
203,508
13,338
13,547
22,169
,
20(:,489
36,723
42,036
47,230
50,740
56,257
65,464
52,145
67,284
80,330
75,025
81,964
88,464
53,481
53,431
53,645
54,240
47,514
47,607
43,314
49,299
305,213
261,555
207,571
51,539
10,939
58,680
86,413
53,984
.
304,499
306,132
305,405
262,581
263,249
262,184
208,589
209,218
208,223
52,547
53,550
52,548
10,939
4,198
4,198
56,4i4
64,457
64,478
38,656
87,013
86,998
53,993
54,031
53,961
Apr.
May.
June.
303,385
307,214
307,357
261,381
262,179
260,729
207,356
208,009
206,489
51,049
52,246
50,740
4,198
65,130
67,279
67,284
36,979
88,484
88,464
July.
Aug.
Sept.
306,855
309,625
311,122
261,118
262,184
263,755
206,776
207,692
208,981
51,048
52,045
53,345
58,621
58,559
58,572
Oct...
Nov.
311,217
314,023
264,960
267,360
Dec.
313,553
267,477
210,118
212,414
212,454
54,966
56,469
56,476
58,107
58,924
58,976
Mar.
238,342
Source:
Daily Treasury statement.
1/ Includes $50 million ^f Panama Canal bonds fnr fiscal years 1957-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
61 , 777
11,135
9,621
8,365
6,783
Depositary
br,nds
Foreign
series
securities 2/
Foreign
currency
other
series
securi- 4/
ties 2/
46,827
46,246
196
171
133
170
V„756
Vm899
5,830
117
4,727
860
75
3,921
3,546
138
103
103
648
392
630
832
68
44,801
46,627
48, 827
3,685
98
582
760
32
43,658
48,925
49,046
49,101
3,649
3,633
3,613
97
97
93
505
435
373
760
760
710
56
64
41,917
42,883
43,221
54,025
54,170
54,240
49,142
49,299
3,559
3,552
3,546
99
99
103
398
398
392
762
832
832
65
65
68
42,004
45,034
46,627
97,106
97,088
97,063
54,343
54,492
54,774
49,371
49,444
49,502
3,535
3,529
3,515
103
282
312
69
103
549
983
1,035
1,035
69
45,737
47,441
47,367
97,045
97,021
97,002
54,842
54,946
55,024
49,581
49,692
49,734
3,450
3,4^1
3,388
102
102
554
554
1,086
1,086
69
70
46,257
46,664
105
634
1,086
76
46,076
4/
4'^,224
103.
19
25
29
69
45,043
4-'»,939
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration
series beginning July I960, and retirement plan bonds beginning
January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(In millions of dollars)
End of
Special
issues
1/
23
January 196:>
DEBT OUTSTANDING
Table 5,- Special Public Debt Ifeues to United States Government Investment Accounts
iln millions of dollars)
End of fiscal
year or month
Total
i6,827
lb,ZAk
1957.
1953.
1959.
I960.
U,756
U,899
i5,Oi3
ii,939
ii,801
i6,627
1961.
1962.
1963.
196i.
1963-December.
43,658
196^- January.
February.
March
.
April
May.
.
June.
Federal
Deposit
Insurance
Corporation
713
673
629
694
556
500
260
270
72
Government
Life
Insurance
Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
5,570
5,665
5,742
5,803
3,475
3,531
3,417
3,586
7,996
6,671
5,636
5,580
123
120
126
138
234
436
678
609
5,759
5,804
5,714
5,783
3,504
3,316
2,786
2,969
4,625
4,657
4,303
4,931
192
156
263
464
2,687
4,804
263
4,315
4,630
4,457
286
299
519
249
298
325
996
1,533
2,017
50
165
165
59
19,463
18,610
17,227
16,413
103
112
116
lOi
7,394
7,738
8,608
9,397
1,200
1,144
1,127
1,107
404
822
429
2,299
2,304
2,165
1,903
50
74
372
82
16,200
15,074
14,221
14,799
138
182
98
332
10,414
11,382
12,438
13,530
1,071
and
Survivors
Insurance
Trust Fund
Federal
employees
retirement
funds
1,028
1,003
956
Highway
Trust
Fund
1
National
Service
Life
Insurance
Postal
Savings
System
Fund
1/
1,925
324
13,648
51
12,819
981
332
5,752
12,764
13,207
13,452
59
967
964
959
400
5,601
84
12,857
12,914
12,989
512
512
5,603
5,60i
2,609
2,590
2,580
560
648
609
5,607
5,61C
5,783
2,496
2,486
2,969
4,252
5,024
4,931
464
2,882
2,877
496
459
610
i1,917
i2,883
43,221
75
183
179
1,845
1,833
1,820
140
65
i2,004
i5,03i
46,627
196
1,769
1,868
1,903
57
90
12,7i6
14,627
14,799
98
136
332
13,
OU
931
13,099
13,530
928
956
60
112
67
14,025
15,128
15,123
344
314
264
13,605
13,658
13,786
953
948
945
558
426
336
5,798
5,808
5,814
2,877
4,844
5,504
5,399
70
14,243
268
13,841
942
176
5,824
2,791
5,339
706
246
14,509
14,256
284
13,898
13,966
938
936
35
5,830
5,837
2,772
2,760
5,486
5,405
625
639
220
27C
45,737
47,441
a, 367
342
338
289
1,831
1,869
1,857
October.
November.
December
46,257
46,664
46,076
294
1,764
1,735
1,656
.
Federal
Savings
and Loan
Insurance
Corporation
Federal
home
loan
banks
July
August..
September
.
Federal
Old -Age
Federal
Disability
Insurance
Trust
Fund
305
308
58
25
92
Daily Treasury statement.
Source:
1/ Includes Canal Zone Postal Savings System through 1959.
2/ Consists of: Adjusted Service Certificate Fund (through December 1956),
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000.
Treasury Bulletin
24
,
DEBT OUTSTANDING
Table 6.- Treapury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture
for
End of
fiscal
year or
month
Total
Iturril
Irit.er-
national
D»fVf.'lop-
rnenl
1957
1958
1959
1960
22,731
,859
?-\
25,3i3
25,636
J/
Commod i ty
Credit
Corporation
Housing and Home
Finance Agency
De-purlrriRnt
A^fncy
B;b-ct.rl-
flcution
Admiriist ru i on
t,
Secretaiy
Farmers
Home
Administration
programs
2/
ExporLImport
Bank of
Washington
2/
Adminis
t rater
Federal
National
Mortgage
Association
^
1,198
1,188
1,164
1,138
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1 ,937
1,636
282
476
•730
977
1,741
1,502
2,351
11,534
12,990
13,599
13,990
3,332
3,484
3,657
3,828
456
854
1,027
1,170
1,698
1,830
1,476
830
1,213
567
1
2,005
2,30?
3,202
3,167
2,716
2,393
2,338
Public
Housing
Adminintratlon
Saint
Lawrence
Seaway
D'-velop-
men t
Corporation
35
48
97
27
29
112
118
32
32
121
121
25
123
123
41
Tennessee
Valley
Authority
Vett;rari;*
Administration:
Direct
loan
program
Under
Defense
P roduc
tion
Act
of 1950
other
2/
L/
733
780
930
,
80
21
1
1,294
1,723
1,950
1,970
1,330
1,530
1 ,730
1,730
1,964
1,976
1,923
2,019
22
22
29
35
1,'730
1,711
35
,'JIU
34
1
18
22
21
1961
26,011
1962
1963
1964
28,634
29,166
29,241
1,107
1,062
807
735
1963-necember.
28,748
7//.
13,250
3,749
1,093
1,274
2,180
2,543
65
122
1964-.January..
29,131
29,253
29,300
746
746
746
13,361
13,532
13,709
3,839
3,839
3,839
1,145
1,139
1,140
1,239
1,234
1,186
2,220
2,257
2,258
2,556
154
60
122
122
123
V'j
1
50
50
1,-:30
1,987
1,997
33
33
29,286
29,376
746
29,241
735
13,855
13,902
13,990
3,909
3,909
3,828
1,177
1,182
1,170
844
858
830
2,308
2,345
2,302
2,451
2,448
2,393
123
123
123
50
85
85
1,730
1,730
1,730
1,995
2,015
2,019
33
35
35
735
73^
3,908
3,908
3,908
841
2,342
2,358
2,399
2,408
123
85
1,158
1,158
812
2,371
123
85
1,730
1,730
2,012
2,012
36
36
735
12,314
13,163
13,268
57
September
27,693
23,491
28,747
2,485
123
95
1,730
2,012
37
October.
November.
December.
29,232
28,602
28,699
735
735
725
13,719
13,640
13,643
3,988
3,988
3,980
1,176
1,204
1,186
827
2,476
2,501
2,602
2,319
2,138
2,209
123
123
123
95
95
1,730
1,730
2,004
2,004
38
')'
1,730
1,996
40
February.
March, .
.
April
May
June
July
August.
..
lL.k>
1 , 1
,
796
405
368
Dally Treasury statement.
These securltleB 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 1963
Annual Report of the Secretary of the Treasury, page 720, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506.
Beginning fiscal 1957 figures exclude notes
And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaroJities. The obligation for 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 wltli
others issued for the same purpose are included in "Other."
Farm houfllng and other loan programs, and Agricultural Credit insurance
FWid (formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities Issued undfer the Defense Production
Source:
Note:
1/
2/
y
Act.
4/
Consists of notes Issued to borrow for:
The urban renewal program
^
6/
7/
2, •,23
2,4S'l
65
50
85
,730
1,730
1
39
(formerly slxun clearance program); college housing loans; and public
facility loans.
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 172l(d))and also securities transferred from
the Reconstruction Finance Corporation.
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 note.'; issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Af-ency for informational media guaranties (see footnote l); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insur.-ince Fund fiscal years 1959-61, and 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964.
J<anuary
1963
25
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
fin millions of dollars)
End of fiscal
year or month
1
J'^7.
V)5«.
1959.
I960.
1961.
196r.
1963.
196i.
1963-Dec ember.
1
964- January .
Management
and liquidating issues
570
797
797
797
Tennessee
Valley
Authority
All other
issues
1,050
1,165
1,290
2,284
92i
1,159
1,456
1,600
1,552
1,6i6
1,888
2,137
,765
,332
,192
,865
3«2
i30
459
498
1,055
1,797
2,770
4,201
1,723
1,855
2,133
2,315
2,357
2,550
2,725
2,973
2,198
2,556
1,960
1,698
50
145
145
180
180
11,705
588
4,363
1,952
2,834
1,788
,395
588
588
586
4,043
3,653
3,627
1,96i
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
180
180
180
534
527
498
3,627
3,727
2,973
2,973
2,973
1,781
4,201
2,156
2,246
2,315
ISO
180
130
2,396
2,433
2,424
2,973
3,102
3,102
1,698
1,695
1,571
180
2,352
2,174
3,169
3,169
3,169
1,707
180
190
v-n
,250
July
August.
September.
,792
,133
,351
,?65
,U2
498
538
,996
538
4,048
4,194
4,182
,12B
576
4,144
2A1
127
4
,
.y
6%
Office nf Debt Analysis and agency reports.
The securities sh^vm in the table are public offerings.
The proprietary interest of the United States in these banks ended
in July 1951.
Source:
N->te:
Federal National
Mortgage Association
Federal land
banks 2/ 1/
738
455
992
1,259
April
Hay
June
October. .
November.
December.
Federal
intermediate
credit banks
179
199
28i
330
,111
.
Federal
home loan
banks 1/
,013
i23
,708
,i07
February.
Maroh
.
1/
Total
Banks for
cooperatives
'
.",112
1,698
1,698
1,701
1 ,5nl
180
180
2/ The proprietary interest of th? United States in these banks ended in
June 1947.
2/ Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
Treasury Bulletin
26
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
act approved June 30, 1959, provides that the face amount
of obllg^itions Issued under authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except guaranteed obligations held by
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 194-6,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Tenporary increases to the permanent limitation of $285 billion, have been authorized as follows:
$10
billion from July 1, 1959, through June 30, I960 (act of
Jiaie 3C; 1959); $8 billion from July 1, 1%0, through June 30,
by
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 througl:
June 30, 1962 (acts of June 30, 1961, and March 13, 196:^); $23
billion frcm July 1, 1%2, through M-drch 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24, billion from July 1, 1963
through June 30, 1964 (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1963, through June 29, 1964 (act of November 26, 1963)); and
$39 billion from June 29, 1964 through June 30, 1965 (act of
June 29, 1964).
'in
Table 1.- Status Under Limitation December 31, 1964
(
In millions of dollars
I
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of Jvme 29, 1964.
32^,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended.
Guaranteed securities held outside the Treasury
317,655
809
Total amount of securities outstanding subject to statutory debt limitation
318, i6/;
5,536
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding December 31, 1964
(in millions of dollars
Class of security
J
Subject t^ statut">ry
debt limitation
Public debt
Interest-bearine securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
Not subject to statutory
debt limitation
Total
outstanding
;
Total marketable
Nonmarketable
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Treasury bonds
Treasury certificates
Treasure' bonds
U. S, ravings bonds (current reden^tion value).
U. S. retirement plan bonds
Depc-sitary bonds
Treasury bonds, Investment series
Treasury bonds, R. E. A. series
Total nonmarketable
Special Issues to Government agencies and trust funds.
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
Special bonds of the United States:
United Nations Children's Fund series
United Nations Special Fund series
United Nations F.A.O. World Food Program series
!!!!!!!!!!
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
56,476
58,976
97,002
56,476
58,976
97,002
212,454
212,454
280
150
204
280
150
204
1,086
1,086
20
21
20
49,734
49,734
21
8
8
105
3,388
105
3,388
27
27
5S024
55,024
46,076
46,076
313,553
313,553
334
337
55
55
1
1
3,308
179
150
3,308
2
2
70
179
150
70
1
Total debt bearing no interest
1
167
93
24
167
93
3,767
283
4,050
317,655
286
317,940
286
318,750
24
Total public debt
Guaranteed debt;
1/
Interest-bearing
Matured
Total guaranteed debt
809
Total public debt and guaranteed debt
Source:
Daily Treasury statement.
318,464
1/
Held outside the Treasury.
1
.
.
January 1967
27
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding December 31, ig64
Other Than Regular Weekly and Annual Treasury Bills
(in millions of dollars)
Amoimt of maturities
Year
and
month
of final
maturity
1/
Held by
U. S.
Description of security
Total
investment
accounts
and Fed,
Res
Banks
.
1965
Feb...
2-5/8J Bond
Mar.
3.580SC Bill
(tax ant.)
Apr.
^-\/2% Note
May.
4-5/8% Note
3-7/8% Note
June.
3.639% Bill
( tax
ant
Aug...
3-7/8% Note
Oct.
1-1/2% Note
Nov.
3-1/2% Note
Note
4%
Total.
1966
Feb....
Go-rt.
All
other
investors
Amount of maturities
Year
and
month
of final
maturity
1/
Held by -
Description of security
n. S. Govt,
investment
accounts
and Fed.
Res. Banks
All
other
investors
Treasury Bulletin
28
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding December 31, 1964
Other Than Regular Weekly and Annual Treasury Bills - (Continued)
7
.
29
January 1965
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
exchange
Amount
maturing on
issue date
of new
offering
222.3
115.4
1,202.0
902.4
15,606.2
24,421.6 2/
81.0
32.2
1,201.1
900.3
15,706.8
24,422.1 2/
Amount of bids accepted
Total
amount
On con^jetitive basis
On nonconpetitive basis 2/
In
Total of
unmatured
issues outstanding after
new issues
Regular weekly bills;
ri96-i-Dec.
3
1lQA5_Mar.
i
91
182
2,129.4
1,522.5
1,200.7
900.3
963.4
836.8
Sept. 10.
196i-Dec.
1965-Mar.
10
11
91
182
2,169.5
1,463.9
1,301.8
900.8
1,064.5
839.6
237.3
61.2
1964-Deo.
1965-Mar.
17
18
91
182
2,082.5
1,474.4
1,301.6
900.0
1,021.5
825.3
280.1.
Sept. 17.
74.7
138.7
63.8
1,200.7
898.8
15,807.8
24,423.3 2/
Sept. 24.
fi96ii-Deo.
'il965-Mar.
2i
25
91
182
2,200.3
1,624.0
1,302.0
900.6
1,055.8
834.9
246.2
65.7
162.4
84.6
1,201.3
900.2
15,908.4
24,423.8 2/
196-1- Dec.
31
1965-Apr.
1
91
182
2,085.9
1,450.8
1,300.9
900.3
1,065.8
829.0
235.1
71.4
160.4
73.2
1,200.2
901.5
16,009.1
24.422.7 2/
7
91
182
1,912.8
1,634.7
1,200.3
901.2
959.9
823.0
240.4
78.2
159.2
73.1
1,201.2
900.0
16,008.2
24.423.8 2/
91
182
2,163.8
2,095.5
1,211.6
1,004.5
937.5
914.5
274.1
39.9
13.8
5.6
1,201.5
1,000.1 2/
16,018.2
24,428.2 2/
91
182
2,170.1
1,725.4
1,202.9
1,000.8
949.1
917.3
253.8
83.5
193.4
114.2
1,200.7
1,000.9 3/
16,020.4
24,428.0 2/
91
182
2,204.8
1,902.2
1,200.2
1,002.8
966.5
931.3
233.7
71.4
215.1
132.7
1
1,000.6 2/
16,019.8
24,430.2 2/
91
182
2,106.3
1,650.2
1,200.6
1,000.0
956.4
928.4
244.2
71.5
205.3
113.3
1,200.4
1,000.5 2/
16,020.0
24,429.7 2/
1964-Sept.
3
Oct.
1.
Oct.
8.
Jan.
Apr.
Oct.
15.
Jan.
Apr.
Oct.
22.
Jan.
Apr.
21
29.
Jan.
Apr.
28
Oct.
Nov.
5.
Nov.
12p.
Nnv.
19p.
Nov.
27p.
15
22
29
Feb.
May
Dec.
3p.
Dec.
lOp.
Dec.
17p.
Dec.
2i.p.
Deo.
31p.
237.
63,
,
200
.
May
11
13
91
182
2,029.2
1,742.4
l,199v9
1,000.3
944.8
912.7
255.1
87.6
149.7
74.3
1,195.8
1,000.5 2/
16,024.1
24,429.5 3/
Feb.
Feb.
18
May
20
91
132
2,158.2
1,812.3
1,201.0
1,000.8
938.6
924.0
262.5
76.8
230.2
133.3
1,200.2
1,000.6 2/
16,025.0
24,429.7 2/
Feb.
May
25
27
90
181
2,638.7
1,937.8
1,200.2
1,000.1
980.3
931.7
219.8
68.4
217.8
122.7
1,201.5
1,000.2 3/
16,023.6
24,429.7 2/
Mar.
i,
June
3
91
182
2,042.6
1,835.3
1,200.2
1,000.1
962.7
932.6
237.6
67.4
192.7
132.2
1,200.7
1,004.8 3/
16,023.2
24,424.9 2/
Mar.
11
10
91
182
1,829.1
1,672.9
1,301.0
1,000.6
1,042.5
909.1
258.5
91.5
15.1
5.0
1,301.8
1,000.6 2/
16,022.4
24,424.9 2/
18
17
91
182
2,324.7
2,097.5
1,300.8
1,000.6
1,024.4
887.0
276.4
113.6
18.0
7.5
1,301.6
1,001.1 2/
16,021.6
24,424.3 2/
June
25
24
91
182
2,109.5
2,189.0
1,208.1
1,004.9
993.1
904.3
215.0
100.6
192.2
134.8
1,302.0
900.1
15,927.8
24,529.2
Apr.
I
1
91
182
2,264.2
2,038.7
1,199.9
1,002.0
967.2
904.4
232.7
July
201.7
123.5
1,300.9
900.4
15,826.7
24,630.8
22
22
22
201
147
210
2,235.0
3,188.2
3,703.1
1,001.0
1,503.2
1,504.5
971.8
1,299.3
1,298.9
29.2
203.9
205.6
June
Mar.
June
Mar.
97.6
Tax anticipation bills:
1964-Sept.
4/
Nov.
2
19b5-Mar.
Mar.
24d
One-year bills:
1963-Oct.
1
June
1964-Sept. 30
365
2,395.4
1,002.0
954.9
47.0
Oct.
Nov.
Dec.
31
30
31
362
363
363
1,890.9
2,794.5
2,113.3
1,000.3
1,004.8
1,000.3
966.3
844.5
972.6
33.9
160.3
27.7
Feb.
Mar.
Apr.
1965-Jan.
Feb.
Mar.
31
360
362
357
2,211.9
2,412.3
2,568.2
1,000.4
1,000.5
1,001.5
969.8
981.1
883.0
30.6
19.4
118.5
May
June
July
Apr.
30
May
June
31
30
359
363
358
1,883.8
2,207.6
2,393.3
1,001.4
1,000.1
1,001.2
984.4
982.0
979.8
17.0
18.1
21.4
31
31
361
365
365
2,080.1
1,940.3
1,849.0
1,000.5
1,000.4
1,000.5
979.3
960.2
947.7
21.2
40.2
52.8
365
365
365
2,349.8
2,496.6
2,310.8
999.9
1,000.5
1,003.0
954.7
948.4
957.3
45.3
Nov
Dec.
1964- Jan.
.
i.
3.
3.
28
31
1,001.0
2,504.2
4,008.6
2.500.1 i/
2.496.2 6/
2.500.8
Aug.
Aug.
Sept.
i
31.
July
30.
Sept. 30
Aug.
Oct.
31..
Oct.
31
Nov.
30p.
30
Dec.
31p.
Nov.
Dec.
31
V
1.997.9 8/
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in
daily Treasury statement.
Note:
Tax anticipation and one-year bills are shown in the table each
month until the month in which they mature is no longer shown in the
issue date column for regular weekly bills.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
2/
For 13-week issues, tenders for $200,000 or less, and for 26-week issues,
beginning June 11, 1959, tenders for $100,000 or less from any one
Source:
2/
V
2^
^
2/
3/
52.1
45.6
bidder are accepted in full
bids; for other issues, the
offering announcement.
Includes strip bills issued
Issued on October 26, 1964;
Matured October 15, 1963.
Matured January 15, 1964.
Matured April 15, 1964.
Matured July 15, 1964.
11,498.1
8,998.0
9,998.2
11,003.0
12,003.3
9,507.2
10,507.6
11,508.1
12,509.6
10,008.8
11,010.2
12,010.4
13,011.6
11,013.7
12,014.1
26.4
18.4
1,001.1
1,002.0
12,013.4
12,012.0
103.8
63.1
26.3
1,000.3
1,004.8
1,000.3
12,011.7
12,007.4
12,010.1
at average price of accepted competitive
corresponding amount is stipulated in each
July 29, 1964.
additional to bills dated September
2,
1964.
)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
date
Average price
per hundred
Regular weekly bills:
1964-Sept.
3.
Sept.
10.
High
Eqiilvalefit average
rate 2/
Price per hundred
(Percent
99.112
98.165
(Continued)
On competitive bids accepted
On total bids accepted
Isaiie
-
Low
Equivalent rate 2/
Price per hundred
(Percent)
Equivalent rate 2/
(Percent)
3.512
3.629
99.115
98.171
3.501
3.618
99.110
98.161
3.521
3.638
99.112
3.5U
_98.155
3.649
99.117
98.162 10/
3.493
3.636
99.109
98.149
3.525
3.661
99.105
_98.133
3.541
3.693
99.114
98.140
3.505
3.679
99.103
98.129
3.549
3.701
99.105
98.133
3.542
3.692
99.108
98.136
3.529
3.687
99.103
98.131
3.549
3.697
Oct.
99.101
98.124
3.555
3.711
99.106
98.134
3.537
3.691
99.10U
93.120
3.560
3.719
Oct.
99.094
98.107
3.583
3.74A
99.098 11/
98.110 12/
3.568
3.738
99.091
98.105
3.596
3.748
99.095
98.116
3.580
3.726
99.098 ly
98.118 14/
3.568
3.723
99.093
98.115
3.588
3.729
99.09.2
98.110
3.592
3.738
99.094
98.118
3.584
3.723
99.091
98.106
596
746
99.098
98.117
3.568
3.724
99.101
98.121
3.556
3.717
99.097
98.116
3.572
3.727
(99.100
|98.120
3.561
3.718
99.105 15/
98.124
3.541
3.711
99.098
98.116
3.568
3.727
(99.097
|98.108
3.57A
3.742
99.100
98.115 12/
3.560
3.729
99.095
98.106
3.580
3.746
Sept.
Sept.
17.
24.
Oct.
15.
Oct.
22.
Oct.
29.
Nov.
5..
Nov.
12p.
W
Nov.
19p.
/99.090
198.093
3.600
3.772
99.093 13/
98.098 12/
3.588
3.762
99.089
98.090
3.604
3.778
Niv.
27p.
|99.06l
198.018
3.757
3.942
99.068 20/
98.040 21/
3.728
3.898
99.054
98.000
3.784
3.978
Dec.
3p.
(99.022
197.962
3.868
4.030
99.030 22/
97.973 22/
3.837
4.009
99.016
97.957
041
Dec.
lOp.
99.036
98.006
3.815
3.9U
99.052
98.020
3.750
3.916
99.021
97.992
972
Dec.
17p.
99.023
97.996
3.864
3.965
99.029 24/
98.004
3.841
3.948
99.019
97.991
3.881
3.974
Dec.
2ip.
99.022
97.998
3.868
3.96Q
99.025
98.002
2y
,857
,952
99.020
97.996
3.877
3.964
Dec.
31p
f99.023
\97.999
3.866
3.957
99.026
98.004
,853
,948
99.021
97.998
3.873
3.960
98.001
3.580
3.518
3.639
98.012 26/
98.575
97.395 27/
3.561
3.490
3.609
97.998
98.559
97.874
3.586
3.529
3.586
3.633
3.590
3.707
3.680
3.765
3.719
3.705
3.719
3.691
96.380
96.365 2^/
96.400'22/
96.275 20/
96.335
96.225 21/
96.334
96.316
96.259
96.336
96.362
96.270
96.189
96.168
3.570
3.615
3.570
3.694
3.665
3.754
3.697
3.694
3.710
3.684
3.628
3.679
3.759
3.780
4.000
3.958
96.358
96.340
96.371
96.255
96.312
96.207
96.306
96.296
96.246
96.327
96.339
96.252
96.169
96.154
95.855
95.965
3.592
3.640
3.599
Tax anticipation bills:
1964-Sept
2777777.
98. 564
Nov.
24p.
97.877
893
873
3.645
One-year blllfli
1963-Oct.
Nov.
Dec.
1964-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Aug.
Sept.
Oct.
Nov.
Dec.
2/
10/
11/
12/
12/
IV
ly
W
W
12/
13/
20/
21/
6..
2..
7..
31..
30..
31..
30p.
31p.
96.36A
96.347
96.380
96.262
96.320
96.214
96.312
96.305
96.250
96.329
96.346
96.260
96.174
96.158
95.876
95.972
3.6U
3.688
3.773
3.790
4.068
3.972
Bank discount basis.
Except $100,000 at 98.200.
Except $800,000 at 99.101.
Except $100,000 at 98.124 and $400,000 at 98.114.
Except $150,000 at 99.102.
Except $100,000 at 98.125 and $900,000 at 98.120.
Except $236,000 at 99.109.
Except $460,000 at 99.107 and $300,000 at 99.106.
Except $200,000 at 98.119 and $200,000 at 98.113.
Except $200,000 at 99.095.
Except $100,000 at 98.108, $400,000 at 98.104, $15,000 at 98.102 and
$515,000 at 98.100.
Except $50,000 at 99.100 and $300,000 at 99.089.
Except $100,000 at 98.048, $900,000 at 98.044 and $100,000 at 98.042.
95.9U 22/
95.987 22/
22/
22/
24/
2y
26/
27/
28/
22/
20/
21/
22/
22/
p
714
.772
.725
.714
3.723
3.694
3.651
3.697
3.779
3.793
4.088
3.980
Except $200,000 at 99.161 and $2,000,000 at 99.051.
Except $1,000,000 at 97.978.
Except $300,000 at 99.040 and $300,000 at 99.039.
Except $30,000 at 99.029.
Except $200,000 at 98.045.
Except $300,000 at 98.300, $1,000,000 at 97.981, $1,000,000 at 97.940,
$200,000 at 97.915, $200,000 at 97.912 and $400,000 at 97.900.
Except $300,000 at 96.380.
Except $600,000 at 96.470 and $3,000,000 at 96.411.
Except $100,000 at 96.299.
Except $3,500,000 at 96.239.
Except $100,000 at 96.153 and $200,000 at 96.000.
Except $100,000 at 96.006.
Preliminary.
,.
January 1965
31
PUBLIC DEBT OPERATIONS
.
Table 3.- New Money Financing through Regular Weekly Treasury Bills
1/
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1961-January
19
January
26
February
2
March
30
1961-April
6..
April
13..
May
A..
May
11..
July
20..
August
31..
October
19..
October
26,,
1962-February
1,.
February
15..
February
23..
March
1..
March
8,,
March
15,.
March
22,.
March
29,,
April
5,.
April
12,.
April
19,.
April
26..
May
10,.
May
24,.
May
31,.
June
7,
June
l^i
June
21,.
June
28.,
.
1961-April
July
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Treasury Bulletin
32
|
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treapury Bills i/-(Contlnued)
(Dollar amounts in millions)
Description of issue
)
.
January 1965
33
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Blllsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Amount
of bids
tendered
Amount
of bids
accepted
91
182
$2,054
$1,302
1,668
801
2.897
2.989
$101
91
182
2,119
1,715
1,301
802
2.905
2.993
100
2,397
1,302
801
2.903
2.990
98
Number of
days to
maturity
Maturity
date
Issue
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease C-)
(Percent
1963-May
fl963- August
2,
October
1
31
9
August
November
May
16
August
November
15
14
91
182
November
21
February
May
20
21
91
182
2,321
1,431
1,202
300
3.524
3.660
-99
29.
February
May
27
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
21.
August
November
20
91
19
182
2,258
1,633
1,202
900
3.482
3.598
101
August
November
27
27
91
183
2,073
1,709
1,200
900
3.476
3.595
97
2,123
1,409
1,202
902
3(448
3.549
103
May
November
196i-May
May
28.
ri964-
28
1,583
July
16
October
1965' -January
July
23
196i. -October
1965' -January
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
30
1964. -October
1965- -January
29
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
6964- December
91
182
2,169
[1965- March
10
11
1,464
1,302
901
3.514
3.649
101
fl964- December
|l965- March
17
18
91
182
2,083
1,474
1,302
900
.541
.693
102
24..
1964- December
1965- March
24
25
91
182
2,200
1,624
1,302
901
.542
,692
101
31
1
1964- December
1965- April
91
1S2
2,086
1,451
1,301
900
.555
.711
100
July
September 10.
September 17,
September
October
15
U
91
182
1
Information in Table 3 covers bill offerings
See Table 2,
January 2, 1961, through December 31, 1964.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
Source;
1/
2/
1961 ($800 million), November 15, 1962, October 28, 1963, and
July 29, 1964 ($1,001 million each).
See Table 4.
Equivalent average rate on bank discount basis.
34
Treasury Bulletin
January 1965
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
.
lanuary 1965
37
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
3-1/4% notes, $4 million of the 3-3/4^ bonds of l--)66, and $136
million of the 3-3/4;'^ bonds of 1974.
Sale of a "etrlp" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1^61, to January ^5, 1962.
Holders of approximately $970 million of Series F and G savings bonds
id:^ued in 1950, which mature in 1962, were offered in exchange the
3-7/8;S 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.
Subscriptions for $50,000 or les^^ 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 was
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2SS certificates and $1,518
million of the 4^ notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the i% bonds of
1971, $177 million of the 4^ bonds of 1980, $218 million of the
3-1/2/. bonds of 1990, and $221 million of the 3-1/2^ bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 12).
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 was
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4'/^ certificates, $14 million of
the 3-5/8^ notes, and $64 million of the 3-7/8% bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4^ notes or 3-1/4^ notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organisations 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.
Subscriptions for the 4^ bonds totaled $6,743 million and were
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 was allotted to
$100,000.
Government investment accounts.
All subscriptions for the 4-1/4^ bonds were allotted in full.
In
addition, $50 million of the bonds was 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),
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4^ notes
and $320 million of the 4^ bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8^ certificates, $1 million of
the 3-1/2^ notes, and $6 million of the 4$ bonds.
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 I964 were offered in exchange either
the 3-7/8^ bonds or the 4^ 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 $93,000 for the 3-7/8% bonds and $101,825 for the 4% 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 4^ coupon, resulting in a net basis cost to
the Treasury of 4.008210;?, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4/5 certificates and $15 million
of the 3-3/4^ bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8% notes,
$29.6 million of the 3-7/8% bonds of 1971, $151.9 million of the
3-7/8% bonds of 1974, and $123.9 million of the 4% bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8% coupon, resulting in a net basis,
cost to the Treasury of 4.093145%, calculated to maturity.
-
^
41/
4£/
Jf}/
4^/
(Continued)
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates, and $85 million
of the 3-5/8% notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includef $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
1973.
Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 17).
^6/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
47/ Subscriptions were permitted to be made with payment in cash or in
3-1/8% certificates or 4-7/8% notes, both maturing November 15, 1963
(see Table 7, footnote 18).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,
1963.
/
Subscriptions
from States, political subdivisions or instrumentalities
4.9
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 $4,307 million and were allotted in full. Subscriptions subject to allotment totaled $15,762 million: those up to
and including $100,000 were allotted in full; all others were allotted
21 percent but in no case less than $100,000.
50/ Issued to replace the one-year bills maturing January 15, 1964,
51/ In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
52/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts.
53/ Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8% notes.
54/ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 9 percent but in no case
less than $50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4% notes and $29 million of the 4-1/4%
bonds
56/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4% bonds of
1987-92, and $4 million of the 4-1/8% bonds of 1973.
57/ Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
58/ Subscriptions were permitted to be made with payment in cash or in 5%
notes or 3-3/4% notes, both maturing August 15, 1964 (see Table 7,
footnote 22).
Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
60/ 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
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no case less than $100,000.
61/ Subscriptions were permitted to be made with payment in cash or in
4-7/8% notes or 3-3/4% notes, both maturing November 15, I964 (See
Table 7, footnote 24).
62/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1964.
62/ 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
circulars, totaled $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million: those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
6^/ In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $322 million of the 4% bonds of
1970, $325 million of the 4-1/8% bonds of 1974, and $55 million of
the 4-1/4% bonds of 1987-92.
Preliminary.
p
45/
^
^
^
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
January 1965
39
Treasury Bulletin
40
Table 5.- Securities Issued
January 196'?
41
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/
{In millions of iollars)
Issue
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS,
Table 6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills^- (Continued)
(
Issue
In millions of dollars)
January 1965
D
.
Treasury Bulletin
44
PUBLIC DEBT OPEMTIONS
Table 7.- DlFpoBltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Called or maturing security 1/
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
Amount
outstanding
Results of exchange offers
Exchange
security
offered
Cash
retirement
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
1/15/61
5.067? Bill
1/15/61
1/15/60
1,504
^15/61
A-7/8S6 Certificate
2/15/61
2/15/60
6,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
1,504 i/
I
'2-1/i.i
3/15/61 k/
Bond
2-1 /iJ Bond
2-5/8? Note
2-1/2? Bond
Total
y
3,670
3,U9
5,000 1/
3,971
6,755
3,000 7/
19,436
3/22/61
2.823? Bill
3/22/61
7/13/60
3,512
Vl/61
1-1/2? Note
i/l/61-EA
4/1/56
144
i/15/61
i.608? Bill
V15/61
4/15/60
2,001
i-3/8? Certificate
5/15/61-B
5/15/60
3,674
3-5/8? Note
5/15/61-B
12/1/58
4,078
5/15/61
6,938
3,000
Total
3?
6/1/11
50
54
22
ri,72'
727
4,078
7,753 2/
82829
2,631
6/22/61
10/21/60
3,504
3,504 8/
3.265? Bill
7/15/61
7/15/60
1,501
1,501 i/
3-1/8? Certificate
8/1/61-C
8/15/60
7,829
7,829
Note
8/1/61-A
8/1/57
2,136
2,136
2-3/4? Bond
9/15/61
11/9/53
2,239
2,239
1-1/2? Note
10/1/61-EO
13/1/56
332
332
Certificate
3-1/4? Note
f3?
Certificate
(3?
3,599
}- 523
12,536
12,536
11/15/62-H
8/15/64-E
5/15/68
658
991
289
198
'3-1/4? Note
3-3/4? Note
3-7/8? Bond
11/15/62-H
8/15/64-E
5/15/68
681
890
320
348
3-1/4? Note
3-3/4? Note
3-7/8? Bond
11/15/62-H
8/15/64-E
5/15/68
52
3-1/4? Note
3-3/4? Note
3-7/8? Bond
11/15/62-H
8/15/64-E
5/15/68
\
11,850
2/1/44
4,688
4,688
2-1/2? Bond
3/15/66-71
12/1/44
2,927
2,927
7,615
7,615
3-1/2? Bond
_3-l/2? Bond
'3-1/2? Bond
.
9/22/61
4/3/61
1,503
1,503 S/
10/16/61
3.131? Bill
10/16/61
10/17/60
1,502
1,502 i/
11/15/61
2-1/2? Bond
11/15/61
2/15/54
6,963
1/15/62
2.679? Bill
1/15/62
1/15/61
1,502
3-5/8? Note
2/15/62-A
5/1/57
647
bUl
282
303
62
IS
2/15/62-D
2/15/59
1,435
1,435
452
856
127
5,758
3,200
6,963
3,642
2,384
2/15/62-F
11/15/60
9,098
9,098
1-1/2? Note
Vl/62-EA
4/1/57
551
551
(
11/15/80 11/
2/15/90 1]/
11/15/98 11/
11/15/80 11/
2/15/9011/
11/15/98 11/
2/15/63-E
5/15/66 11/
11/15/74 11/
3-1/2? Certificate
Note
4?
2/15/63-A
8/15/66-A
_4?
3-1/2? Certificate
Note
2/15/63-A
8/15/66-A
140
[3-1/2? Certificate
Note
[U%
2/15/63-A
8/15/66-A
86
[3-1/2? Certificate
Note
14?
y
3-1/4? Note
11,731
11/15/80 11/
2/15/90 11/
11/15/98 11/
3-1/4? Note
3-3/4? Bond
3-7/8? Bond
419
517
1,502
3-1/2? Bond
_^3-l/2? Bond
1,273 of 3-1/2? Bond
1,298 of 3-1/2? Bond
1,187 of 3-1/2? Bond
3,757
2.473? Bill
Footnotes at end of table.
6,082 of 3-1/4? Note
5,019 of 3-3/4? Note
749 of 3-7/8? Bond
686
'3-1/2? Bond
3/15/65-70
Total
5/15/62-A
5/15/63-D
{3-1/4? Note
3-3/4? Note
3-7/8? Bond
9/22/61
2/15/62
3-1/4? Note
88
f
2-1/2? Bond
Total.
5/15/62-A
5/1 5/63-
5,122 10/
183
Note
11/15/66
4,560
3,049
L 131
L
9/15/61 6/
3-3/8? Bond
50
2.788? Bill
Total
11/15/67
144
7/15/61
8/1/61
3-5/8? Bond
2,001 If
6/22/61
i?
8/15/62-G
3,512 g/
7,753
Bond
6/1/61
(Panama Canal loan)
3-1/4? Note
[2,438 of 3-3/8? Bond
3,604 of 3-5/8? Bond
6,041
t
6/1/61
3,268 5/
1,296
1,177
L 1,131
2,438
11,731
Continued on following page)
370
95
11,316
415
2/15/63-A
8/15/66-A
6,862 of 3-1/2? Certificate
4,454 of 4? Note
D
.
January 1965
45
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Dafe of
refunding
or retirement
Dispositiiin offers
by Treasury
Issue
date
Description
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
(In millions of dollars)
Bond
2/l5/6i
2/14/58
3,854
3,854
1,154
2-5/8? Bond
2/15/65
6/15/58
6,896
6,896
fl,651
563
2-1/2? Bond
6/15/67-72
6/1/45
1,757
1,757
233
181
2-1/2? Bond
9/15/67-72
10/20/41
2,716
2,716
345
420
2-1/2? Bond
12/15/67-72
11/15/45
3,515
3,515
322
333
18,739
18,739
5,202
3%
3/1/62 6/
T^tal
3/23/62
2.484? Bill
-
3/23/62
7/26/61
3,503
3,503 8/
V15/62
2.827? Bill
-
4/15/62
4/15/61
2,000
2,000
3?
Certificate -
5/15/62
5/15/61
5,509
5,509
4?
Note
-
5/15/62
4/14/60
2,211
2,211
2-1/4? Bond
-
6/15/62
6/1/45
3,963
3,963
11,684
11,684
y
5/15/62
Total
6/22/62
2.705? Bill
6/22/62
9/27/61
2,511
2,511 8/
7/16/62
2.908? Bill
7/15/62
7/15/61
2,004
2,004 2/
Note
8/15/62
9/26/57
158
3-1/4? Note
8/15/62
2/15/61
7,325
7,325
7,483
7,483 12/
4?
8/15/62
3-1/2? Certificate -
2/15/63-A
2/15/62
6,862
2-5/8? Note
-
2/15/63-A
4/15/58
2,839
3-1/4? Note
-
2/15/63-E
11/15/61
3,642
3-1/4? Certificate
-
5/15/63-B
5/15/62
6,686
3-1/4? Note
-
5/1 5/63-
5/15/61
5,047
Note
-
5/15/63-B
4/1/59
1,743
158
15/
9/15/62 6/
4?
Total
26,820
9/21/62
2.896? Bill
9/21/62
3/23/62
1,802
10/1/62
1-1/2? Note
10/1/62-EO
10/1/57
590
10/15/62
2.975? Bill
10/15/62
10/16/61
2,003
1,802 8/
590
2,003 1/
T-arned
in for
cash 2/
Description of new
security offered
(See also Table 4)
D
',
-
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 7.- 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
Exchange
security
offered
Cash
retirement
(
Results of exchange offers
Ex-
changed
121
484
446
11/29/57
1,143
1,143
3-1/iit Note
11/15/62-H
8/1/61
6,082
6,082
1,281
645
2-1/4? Bond
12/15/59-62
11/15/45
2,269
2,269
808
674
2-3/4? Bond
12/15/60-65 16/
12/15/38
1,485
1,485
-
cash 2/
In millions of dollars)
ll/15/62-C
3-3/4? Note
Description of new
security offered
(See alsu Table i)
Turned
in for
3-1/8? Certificate 11/1 5/63-D
-n/15/65-B
3-1/2? Note
Bond
2/15/72
4?
92
3-1/8? Certificate -11/15/63-D
3-1/2? Note
11/15/65-E
Bond
2/15/72
4?
4,0U
-
219
3-1/8? Certificate -11/15/63-D
-11/15/65-B
3-1/2? Note
Bond
2/15/72
_4?
73
3-1/8? Certificate -11/15/63-D
3-1/2? Note
-11/15/65-B
Bond
2/15/72
4?
569
11/15/62
121
713
579
Total
1/15/63
10,979
3.366? Bill
3-1/2? Cert.
1/15/63
1/15/62
2,001
2/15/63-A
2/15/62
5,719
10,979
10,485
495
5,719
4,692
968
59
4,856 of 3-1/8? Certificate
3,286 of 3-1/2? Note
2,344 of 4? Bond
2,001 2/
3-1/4? Certificate
3-3/4? Bond
2/15/64-A
11/
8/15/68
>
2-5/8? Note
2/15/63-A
4/15/58
1,487
1,487
652
743
3-1/4? Certificate - 2/15/64-A
3-3/4? Bond
8/15/68
91
3-1/4? Note
2/15/63-E
11/15/61
Total
3-1/2? Cert.
2-1/2? Bond
3-1/8? Cert.
8/15/63-C
8/15/63
11/1 5/63-
8/15/62
2,259
2,259
1,397
779
84
9,465
9,465
9,231
234
6,851
6,851
960
693
,
'3-5/8? Note
3-7/8? Bond
Bond
4?
2/15/67-B
11/15/71 U/
2/15/80 11/
206
3-5/8? Note
3-7/8? Bond
Bond
4?
2/15/67-B
11/15/71 11/
2/15/80 11/
"3-5/8? Note
2/15/67-B
11/15/71 11/
2/15/80 11/
4,317
11/15/62
4,856
4,856
94
2,700
2,700
3-1/2? Note
11/15/65-B
11/15/62
3,286
3,286
136
195
3,114
3,114
314
420
Bond
3-3/8? Bond
8/15/66
11/15/66
2/28/58
3/15/61
Total.
3-7/8? Bond
Bond
4?
p-7/8? Bond
14?
14?
5-7/8? Bond
1,484
250
210
U?
Bond
11/15/74 11/
2/15/80 11/
2,438
2,438
373
213
J3-7/8? Bond
Bond
14?
11/15/74 11/
2/15/80 11/
29,045
29,045
8,006
of 3-5/8? Note-2/15/67-B
14,287
1,515 of 3-7/8? Bond- 11/15/71 11/
1,074 of 3-7/8? Bond- II/15/74 11/
1,131 of 4? Bond
2/15/80 11/
2.616? Bill
3/22/63
10/3/62
3,005
1-1/2? Note
4/1/63-EA
4/1/58
533
i/15/63
2.943? Bill
4/15/63
4/15/62
2,001
5/15/63-B
5/15/62
5,284
5,284
3,768
1,400
5/15/63-B
4/1/59
1,183
1,183
289
628
5/15/63-D
5/15/61
3,027
3,027
1,636
1,245
9,495
9,495
8,966
529
6/2V63
2.929? Bill
2.855? Bill
6/24/63
6/24/63
2/6/63
2/6/63
1,001
1,502
1,001 8/
1,502 |/
7/15/63
3.257? Bill
7/15/63
7/15/62
2,004
2,004 2/
8/15/63
8/15/62
5,181
5,181
8/15/63
3-1/2? Cert.
2-1/2? Bond
8/15/63
12/15/54
1,461
1,461
5,131
1,267
193
6,641
6,641
6,398
243
Note
3,005 8/
533
2,001 2/
5/15/63
3-1/4? Note
.Total
Total
Footnotes at end of table.
{
11/15/74 11/
2/15/80 11/
Bond
1,484
Vl/63
4?
11/15/74 11/
2/15/80 11/
Bond
p-7/8? Bond
3/22/63
'3-1/4? Cert.
6,741 of 3-1/4? Certificate
2,490 of 3-3/4? Bond 11/
532
49
4,317
2/14/58
3?
,,
17
12/15/54
5/15/62
—
2,275
2/15/64
2/15/66-B
2/15/64-A
8/15/68
2/15/67-B
11/15/71 11/
2/15/80 11/
Bond
3-5/8? Note
-
3-5/8? Note
3-7/8? Bond
Bond
^?
845
196
24
3?
3-1/4? Certificate
3-3/4? Bond
•
2
3/15/63 6/
„
^
>
2/15/63
Continued on following page)
.
.
117
3-1/4? Certificate - 5/15/64-B
- 2/15/66-B 11/
3-5/8? Note
266
3-1/4? Certificate - 5/15/64-B
- 2/15/66-B
3-5/8? Note
146
3-1/4? Certificate - 5/15/64-B
- 2/15/66-B 11/
3-5/8? Note
(5,693 of 3-1/4? Certificate
g,273 of 3-5/8? Note 11/
50
3-3/4? Note
•
ll/15/64-F
U/
47
January 1965
PUBLIC DEBT OPERATIONS
Table 7.- Dlpposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
B
,
49
January 196:>
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Disposition offers
by Treasury
I,'
Date of
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars)
2-5/8* Bond
673p
508p
642p
6/15/58
3,976
3,976
11/15/62
2,954
2,954
11/15/65-E
5/15/6i
8,560
8,560
175p
140p
145p
2/1 5/66-
5/15/62
3,260
3,260
587p
317p
144p
2/15/65
639p
3-1/2$ Note
i%
Note
3-5/8$ Note
1/15/65 6/
3-7/8$ Note
y
6/
2/
4,040
4,040
Bond
4-1/8$ Bond
4-1/4$ Bond
2/15/70
2/15/74
8/15/87-92 11/
"4$
Bond
4-1/8$ Bond
4-1/4$ Bond
2/15/70
2/15/74
8/15/87-92 11/
'4$
2/15/70
2/15/74
8/15/B7-92
Bond
4-1/8$ Bond
4-1/4$ Bond
U/
660p
Bond
4-1/8$ Bond
4-1/4$ Bond
2/15/70
2/15/74
8/15/87-92 11/
371p
40 3p
'4$
11/15/60
2,250
2,250
311p
117p
126p
Bond
4$
4-1/8$ Bond
4-1/4$ Bond
2/15/70
2/15/74
8/15/87-92 11/
3-3/4$ Note
8/15/67-A
9/15/62
4,433
4,433
902p
458p
14Dp
Bond
4$
4-1/8$ Bond
4-1/4$ Pond
2/15/70
2/15/74
8/15/87-92
3,604
3,604
721p
742p
126p
Bond
4$
4-1/8$ Bond
4-1/4$ Bond
2/15/70
2/15/74
8/15/87-92 11/
33,077
33,077
11/15/67
3/15/61
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasxiry statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks
Rolled over into a one-year bill (see Table 4).
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^
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8$ certificates over allotments of new
securities on subscriptions from holders of those certificates (see
Table i,, footnotes 6 and 7).
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 securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities.. See also Table 5.
From March
through March 22, 1961, owners of 2-1/4$ bonds of June
15, 1959-62, 2-1/4* bonds of December 15, 1959-62, 2-5/8$ notes
maturing February 15, 1963, and 2-1/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings . The first
three were exchangeable for a new 3-5/8$ bond due November 15, 1967,
and the last for a new 3-3/8$ bond due November 15, 1966. Exchanges
Source;
u
8/15/64
'4$
5/15/66
Total.
1/
2/
2/15/66-C
41 5p
283p
2/15/70
2/15/74
8/15/87-92 11/
Bond
3-3/^;$ Bond
3-5/8$ Bond
2/
11/15/65-
4-1/8$ Bond
4-1/4$ Bond
'4$
M
9,747p
U/
Bond
4,379p of 4?
3,101p of 4-1/8$ Bond
2,267p of 4-1/4$ Bond
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
see
8/ Tax anticipation issue; for detail of offerings beginning 1961,
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
offered
2/ Holders of the maturing certificates and notes were not
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% certificates or the $2,500 million
offering of 3-1/4$ notes. For detail of offering, see Table 4.
10/ Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
11/ Reopening of an earlier issue.
12/ $1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
rights to
12/ Holders of the maturing notes were not offered preemptive
exchange their holdings, but were permitted to present them In
million
payment or exchange, in whole or In part, for the $6,500
offering of 3-1/2$ certificates, the $1,500 million offering of
4$ bonds, or the $750 million offering of 4-1/4% bonds. For detail
of offering, see Table 4.
new
14/ Excess of maturing 4$ notes and 3-1/4% notes over allotments of
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2$ certificates, 2-5/8$ notes,
3-1/4$ notes), and May 15, 1963 (3-1/4* certificates, 3-1/4% notes,
4$ 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.
16/ Called on August I4, 1962, for redenption on December 15, 1962.
Remaining footnotes on following page.
15/
.
.
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
17/
18/
19/
20/
21/
22/
23/
24/
Holders of the matviring one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table i,, footnote 45).
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
$7,600 million offering of 3-7/8^ notes. For detail of offering, see
Table 4.
Excess of maturing 3-1/8% certificates and 4-7/8i6 notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 47 and 48).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50).
From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4!^ notes and 5S? notes), November 15,
1964 (3-3/'4? notes and 4-V/8JS notes), February 15, 1965 (2-5/8% bonds),
and May 15, 1965 (4-5/8% notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limitation. For allotment details see Table 4, footnote 52.
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 3-7/8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4»
footnotes 59 and 60)
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in pay-
-
25 /
p
Note:
(Continued)
ment or exchange, in whole or in part, for the 4% notes offered in the
amount of about $9 1/4 billion. For detail of offering, see Table 4.
Excess of maturing 4-7/8% notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4 footnotes 62 and 63)
Preliminary.
Information on retirement of tax anticipation issues referred to
in millions of dollars:
in footnote 8,
January 1965
51
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
52
Treasury Bulletin
i
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries - (Continued)
January 1965
53
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(.Payable in U.
S.
Dollars)
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS.
'
!
Tabled.- Foreign Series Securltlec (Nonmarke table)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U- S. Dollars)
J
January
56
January 1965
,,
..
,.
,
.
Treasury Bulletin
58
.
UWiTKI) STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 2/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Total
Amount outstanding
Accrued
1/
discoiint 2/
Interest-bearing
debt
Series E and H combined
Fiscal years ;
19i1-1956
1957
1958
1959
Si, 463
i,613
i,670
i,506
i,307
4,464
4,421
4,518
4,656
I960
1961
1962
1963
1964
Calendar years :
19^1-1956
1957
10,298
1,133
1,161
1,174
1,194
1,254
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
3,982
3,794
732
755
797
886
5,717
5,753
5,904
6,114
5^,832
5,176
5,137
5,107
5,502
4,627
4,603
4,500
4,736
97,625
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,341
52,105
4,686
4,129
4,636
4,202
4,122
3.882
3,323
4,061
783
727
883
794
703
754
733
780
489
393
439
39q
327
370
66
68
421
367
420
357
310
353
64
424
382
402
357
67
325
338
58
64
378
316
273
61
331
53
48,123
48,254
396
331
66
48, 366
i/
15,239
3,605
3,235
2,063
6/
2,921
1,129
1,059
722
400
500
169
116
74
128
59
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
1,563
94,761
5,746
5,831
5,680
5,501
1,331
1,386
1,458
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
4,609
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
471
413
400
142
115
121
613
527
April
May
June
378
368
384
115
116
136
494
483
July
August.
September
387
364
358
144
113
125
477
483
October.
November,
December
367
348
372
114
114
136
481
463
508
1958
1959
I960
1961
1962
1963
1964
Months;
1964-January,
February,
March. ,.
.
.
.
1,491
520
520
531
3,781
721
731
742
754
58
67
40,929
41 ,498
42,142
42,716
42,715
43,806
44,955
46,359
47,737
41,398
41,578
42,589
42,559
43,137
44,485
45,499
47,106
48,366
47,231
47,366
47,U7
47,520
47,637
47,737
47,844
47,938
48,019
Series F, G, J, and K combined 4/
Fiscal years
1941-1956.
1957
1958
:
31,683
268
1959
I960
1961
1962
1963
,
,
1964
Calendar years:
1941-1956
32,619
352
65
937
83
65
54
54
46
46
32
27
22
32
27
22
18
18
1957
1958
1959
I960
,
31,853
98
980
74
32,833
172
58
52
58
52
1961
1962
1963
,
1964
,
Months;
1964- January.
February,
March, , .
April,
May
June
, .
July
August.
September
,
38
29
38
29
25
19
25
19
16
16
17,257
4,153
2,395
3,246
1,732
1,108
963
462
410
2
1
1
1
1
1
30
1
1
1
1
46
2
2
42
1
1
1
27
29
1
30
1
24
1
30
(
1/
426 2/
2
1
7/
771 2/
1
October.
November,
December,
Footnotes at end of Table 4.
15,739
3,774
3,350
2,137
3,049
1,188
1,110
1/
6/7/
2/8/
1/2/
2/
45
34
37
34
Continued on following page)
16,692
3,982
2,318
3,122
1,646
1,058
909
434
51
49
27
565
171
77
125
86
14,895
10,896
8,603
5,594
4,022
2,973
2,036
1,721
1,368
3S3
50
55
28
27
42
3
32
35
2
3
1,695
1,680
1,654
28
43
32
3
3
2
1,621
1,587
1,563
40
26
27
2
1,528
1,506
1,483
28
22
27
1
2
2
2
1,459
1,438
1,368
'
.....,.
January 1965
59
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
fContlnued)
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
{ interestbearing debt)
Series E
Fiscal years
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
Calendar years;
:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
Months
1964-Jaimary,
February.
March. . .
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
91,536
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
4,132
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,491
94,038
5,018
4,979
4,767
4,856
405
369
356
142
115
121
338
334
345
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
4,363
49,844
4,248
4,196
4,092
4,295
3,673
3,613
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
4,425
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
484
477
461
366
398
371
300
330
115
116
136
453
450
482
387
335
386
5,052
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,003
4,996
5,589
5,623
3,794
732
755
797
886
721
731
742
754
219
191
206
37,898
37,969
38,067
38,040
37,456
37,817
33,260
39,166
40,190
794
703
754
733
780
276
212
199
208
198
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
89
66
68
24
18
19
39,801
39,902
39,961
323
277
319
64
58
67
16
14
18
40,011
40,112
40,190
19
16
14
40,272
40,352
40,425
15
12
13
40,517
40,640
40,739
3,461
3,609
201
188
4,122
783
727
883
:
April ....
^fey
June
547
July
345
488
442
447
320
67
329
321
144
113
125
387
August. .
September
346
289
295
58
64
October.
November.
December.
333
318
338
114
114
136
447
433
474
341
297
362
280
61
244
297
53
359
66
Series H
Fiscal years ;
1952-1956
1957
1958
1959
I960
1961
1962
1963
1964
Calendar years
3,225
694
782
818
704
775
747
604
1959
1960
1961
1962
1963
1964
Months;
1964-January.
February.
March.
.
521
521
373
194
196
236
217
322
233
260
298
373
3,587
631
887
722
718
328
654
3,587
631
887
722
277
248
277
248
198
294
198
294
267
235
287
328
477
828
654
575
477
267
235
287
328
416
416
66
44
44
66
44
44
28
27
40
28
27
40
40
34
38
40
34
38
34
33
34
34
33
34
194
196
236
217
322
233
260
298
;
1952-1956
1957
1958
April.
May
June
3,225
694
782
818
704
775
747
604
.
. .
575
718
July
August
September
42
42
35
36
35
37
36
37
36
36
43
43
October.
November,
December.
34
30
34
34
37
37
30
34
34
34
.
. .
34
34
-
:
... ..
Treasury Balletin
60
.unhed states savings bonds.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unmatured
Matured
Period
Total 1/
Total
Fiscal years
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
Calendar years;
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
Months
1964 -January..
February.
March. . .
Series E
and H
Total
;
April.
May
June
. .
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
534
427
476
150
100
253
451
203
210
230
5,651
413
454
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
133
63
227
177
188
191
July
August. .
September
466
410
431
175
157
181
168
155
148
October. .
November.
December.
408
356
426
199
165
137
182
147
120
779
Series E
and H
Unclassified
10/
...
.
.
.
..
January 1965
61
OWNERSHIP OF FEDERAL SECURITIES,
Table !•- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities
by the U.S. Govermnent
Total
Federal
securities outstanding
End of
fiscal
year or
month
V
1957.
1958.
1959.
1960.
270,634
1961.
1962.
1963.
1964.
.
PubUc
Banks public
Total
Public
nonmarketable
issues
Public
issues
Special
issues
46,827
46,246
44,756
44,899
23,035
25,438
26,044
26,523
189,949
193,418
201,044
201,459
127,179
134,593
144,983
149,546
62,770
58,825
56,252
51,913
45,043
44,801
46,o27
27,253
29,663
32,027
34,794
202,417
208,483
211,721
211,598
151,392
157,418
160,361
159,575
51,025
51,065
51,360
52,023
marketable
Issues
286,4.71
54,554
55,259
8,674
9,596
9,799
10,360
289,211
298,645
306,466
312,526
285,672
294,442
301,954
307,357
56,002
56,296
58,206
60,964
10,959
11,357
13,405
14,337
310,089
305,213
57,796
14,137
43,658
33,593
213,825
162,089
51,735
309,339
311,150
56,361
57,269
57,450
14,444
14,385
14,229
41,917
42,883
43,221
32,753
33,169
33,770
215,384
215,695
214,185
163,631
163,893
U,939
Total
outstanding
U. S.
Government
investment
accounts
2/
106
101
110
139
240
50
54
63
79
87
167
184
557
4,134
755
787
817
189
192
192
566
595
625
4,085
4,231
4,186
630
647
653
4,216
4,319
4,357
656
687
713
4,330
4,465
4,488
657
662
637
4,419
4,464
4,388
162, U9
April.
May.
June.
308,402
312,337
312,526
303,385
307,214
307,357
55,934
59,197
60,964
13,930
14,162
14,337
42,004
45,034
46,627
33,169
34,229
34,794
214,282
213,788
211,598
162,476
161,836
159,575
51,806
51,952
52,023
801
171
804
157
159
July
August.
September.
312,004
314,938
316,496
306,855
309,625
311,122
59,755
61,643
61,663
14,018
14,201
14,296
45,737
35,051
820
I64
52,274
52,558
847
885
161
47,367
35,164
35,350
159,924
160,544
161,550
52,125
47, U1
212,049
212,819
214,109
172
October. .
November.
December.
316,456
319,320
318,750
311,217
314,023
313,553
60,355
60,996
60,437
14,098
14,332
14,361
46,257
46,664
46,076
35,709
36,774
37,044
215,153
216,253
216,073
162,527
163,523
163,264
52,627
52,730
52,808
820
162
833
171
Daily 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 debt 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.
Source:
3/
1/
/^
812
Year
171
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
.Reserve Banks
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury 1/
(In millions of dollars;
153
2,042
1,646
2,873
3,090
741
310,4.08
.
46
47
60
3,300
3,759
3,907
4,357
March
.
1/
277
440
653
605
812
51,753
51,801
51,736
.
Held by
private
investors
Matured
debt
and
debt
bearing
no
interest
16'i
444
304,499
306,132
305,405
.
.
2/
Held by
55,501
55,842
4U
284,817
1963-December,
Total
outstanding
Held by private
investors 3/
Held by
Federal
Reserve
268,486
274,698
281,833
283,241
276,
1964 -January. .
February.
Held by U. S. Government
investment accounts 2/
Interest-bearing securities guaranteed by the U.S. Government 4/
negative figures are net sales)
..,.
.
Treasury Balletim
62
.OWNEflSHIP OF FEDERAL SECURITIES,
Table 3.> Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by private nnnbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
U,
CommerFederal
cial
Reserve
banks
Banks
2/
S.
Government investment
accounts
Individuals
^
Savings bonds
Total
Total
Series
E and H
Other
Other
secuseries ^/ rities
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
and international
2/
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
.4
.2
279.8
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
2.1
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
3.7
3.5
4.3
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
266.1
275.2
58. S
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
18.6
21.5
12.0
12.7
5.7
5.9
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
8.8
16.6
19.2
13.9
14.4
6.0
6.3
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
3.5
18.8
23.5
14.7
15.4
6.8
7.5
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
40.9
4U4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.3
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
13.6
16.8
16.6
7.6
7.6
1958-June..
Dec...
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16.3
16.5
6.5
7.7
19 59- June..
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20.1
18.8
18.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
U3.3
63.1
64. 4r
43.6
44.2
2.5
2.2
17.1
17. 9r
11.4
11.4
6.3
6.1
20.0
20.0
19.3
19. Or
12.7
13.4
1962-Jan. .
Feb...
Har...
Apr. .
May...
June.
July..
Aug...
Sept..
Oct. .
Nov...
Oec...
296.9
297.4
296.5
297.4
299.6
298.6
298.3
302.3
300.0
302.6
305.9
304.0
67.8
66.6
64.1
65.4
65.4
65.2
64.8
65.0
65.2
66.5
66.1
67.2
28.5
28.4
29.1
29.2
29.6
29.7
29.8
30.4
29.8
30.2
30.5
30.8
53.8
54.2
54.5
53.7
55.9
56.5
55.5
57.1
56.4
56.1
57.9
55.6
146.7
148.2
148.9
U.3
2.2
2.2
2.1
11.6
11.5
11.5
11.5
11.5
11. 4r
11.5
11. 6r
20.9
21.9
20.6
20.8
21.2
19.7
20.2
21.3
19.2
20.0
21.9
20.2
19. 3r
19. 4r
11.5
6.2
6.3
6.6
6.3
6.3
6.3
6.3
6.3
6.3
6.1
6.1
6.1
20. Or
19. 7r
20. Ir
12.9
13.0
13.6
13.3
13.6
14.1
14.2
14.6
15.1
15.4
15.4
15.3
1963-Jan.,
Feb.,.
Mar...
Apr.,.
May...
June..
July..
Aug. .
Sept..
Oct. .
Hov. .
Dec...
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
11. 6r
11. 5r
11. 3r
11. 2r
11. Ir
11. Or
11. Ir
11. Ir
11. 2r
11. 2r
11. 3r
11. 3r
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21.1
21.7
20.8
21.1
22.4
20.3
20.6
21.4
19.7
20.4
21.6
20.6
20. 4r
20. 4r
20. 6r
21. 2r
21. 2r
21. 5r
21. 4r
21. 6r
21. 2r
20. 9r
20. 6r
21. Ir
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
1964-Jan. .
Feb. .
Mar...
Apr...
309.3
311.1
310.4
308.4
312.3
312.5
312.0
62. 9r
62. 2r
61. 6r
32.8
33.2
33-8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
19. Ir
18. 5r
18. 6r
11. 3r
11. 3r
11. 2r
11. Or
11. Or
10. 9r
10. 9r
11 .Or
11. 2r
11.2
11.2
21.8
22.7
21.4
21.8
22.5
20.2
20.7
20.9
19.8
20.9
20.9
21. 2r
21. 4r
21. 7r
22. 6r
22. 6r
22. 5r
22. 3r
22. 6r
18.7
18.5
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.8
5.7
15.9
15.9
15.6
15.3
15.4
15.6
15.8
16.0
16.3
16.3
16.4
1939-Dec.
1946-Feb. 2/.
Deo.
19 50- June.
Dec.
1951-June.
Dec.
1952-June.
Dec.
1953-June.
Dec.
1954-June.
Dec
.
19 5 5- June.
Dec.
19 56- June.
Dec.
1957-June.
Dec.
Dec
.
I960- June..
Dec
.
1961-June.
Dec
.
>fey...
June.
July..
Aug...
Sept..
Oct...
Nov. p.
3U.9
316.5
316.5
319.3
63. 2r
62. 8r
64. 3r
6Ulr
60. Or
60. 2r
59. 3r
60. Or
61. 8r
62.1
63.4
U2.3
145.9
U9.0
148.6
147.3
148.2
64. 5r
64. 6r
64. 8r
64. 5r
64. 2r
64. 2r
44.4
44.5
44.5
64.4r
64.4r
44.6
44.7
44.8
64. 5r
64. 3r
U.9
U.9
151.4
150.4
64.4r
45.0
45.1
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.4r
154.0r
154.7r
64.9r
65. Ir
65. 7r
64.9r
64.4r
64. 4r
65.2r
65. 4r
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157. 2r
153. 3r
66.9r
157.4r
158. Or
158.7r
156.4r
157. 7r
158. Or
67.9r
61.8
61.8
60.5
61.2
U9.9
148.5
U9.8
154. 3r
64. 5r
65. 8r
66. Or
66. 2r
66. 2r
67. 3r
157. 6r
67. Ir
67. 4r
67. 5r
67. 6r
67. Ir
67. 3r
158.2
158.0
67.5
67.4
2.1
2.0
2.0
2.0
2.0
2.0
1.9
1.9
U.6
1.8
45.3
45.5
45.6
45.7
45-8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
1.3
1.3
1.3
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.1
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
Consists of commercial banks, trust con^janies, and stock savings
2/
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1.7
1.7
1.6
1.6
^
^
6/
2/
0/
2/
la.Or
18. Or
18. 2r
17. 9r
17. 5r
17. 5r
17. 7r
17. 6r
17.7r
17. 5r
17. 5r
17. 6r
17.9r
17. 9r
18. 5r
17. 6r
17. Or
17. Or
17. 6r
17. 6r
18. Or
18. Ir
13. 3r
18. 2r
18. 8r
19. Ir
19. 6r
18.8r
19. Or
19. Or
11. 5r
11. 6r
11. 6r
19 8r
20. Or
20. Ir
20. Ir
20. 3r
20. 3r
20. Ir
22.3
22.2
22.0
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Inmediate postwar debt peak.
Revised.
Preliminary.
r
p
January 1965
63
.TKEASDEY SUIWET OF OWNERSHIP, NOVEMBER 30,
1964-,
The monthly TreasuiTy Survey of Ownership covers eecurltles ieeued by the United States Government and by Fed-
corporations and savings and loan aBsoclatlonft in the Sep-
eral agencies. The banks and Insurance companies Included
in the SuiTrey currently account for about 90 percent of all
In the February 1962 Bulletin.
The similar
such securities held by these Institutions.
loan assoand
savings
and
for
proportion for corporations
Federal Reserve member bank classes and nonmember banks are
ciations Is 50 percent, and for State and local governments,
•70 percent.
Data were first published for banks and In-
surance companies In the May
Section
I
19'4-1
tember i960 Bulletin, and for State and local govemmenta
Holdings by commercial banks distributed according to
published for June JO and December 3I. Holdings by corporate pension trust funds are published quarterly, first
appearing In the March
195^^
Bulletin.
Treasury Bulletin, for
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - In millions of dollars)
..
..,
Treasury Bulletin
64
.TEEASDEY SUPWEY OF OWNERSHIP, NOVEMEER 30, 1964,
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Issue
Total
amount
outstand-
6,015
commer-
ing
banks
cial
2/
Treasury bills:
Regular weekly and annual
maturing:
Dec.
1964 - Feb. 1965.
Mar.
1965 - May 1965.
June 1965
July 1965
Aug.
1965
Sept. 1965
Oct.
1965
Nov.
1965
Tax anticipation:
Mar.
1965
June 1965
Total Treasury bills
Treasury notes:
4-5/8$
M^T"
3-7/8
May
3-7/8
Aug.
Nov.
4
3-1/2
Nov.
3-7/8
Feb.
3-5/8
Feb.
May
4
Aug.
4
3-5/8
Feb.
3-3/4
Aug.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1-1/2
Apr.
1-1/2
Oct.
1965-A . .
1965-C.,.
1965-D. .
1965-E. .
1965-B...
1966-C...
1966-B...
1966-D.
1966-A...
1967-B...
1967-A...
1965-EA..
1965-EO.
1966-EA..,
1966-EO..,
1967-EA..,
1967-EO..
1968-EA..
1968-EO..,
1969-EA..,
1969-EO..,
.
Total Treasury notes
y
501
nnitual
savings
banks
31,042
15,416
1,001
1,000
1,000
1,001
1,000
1,001
3,848
2,557
248
446
358
342
446
391
2,504
1,504
640
834
56,469
10,108
323
816
620
268
,560
,954
,040
,260
519
,156
,359
433
487
1,312
1,612
927
1,434
1,145
1,396
1,750
1,965
1,122
2,425
185
136
314
227
138
232
113
35
45
28
466
315
675
357
270
457
212
115
297
life
2/
487 fire,
casualty,
and
marine
488
savings
and loan
associations
165
97
241
81
19
50
17
1
5
171
88
14
20
7
11
1
4
10
8
2
7
7
4
5
1
2
6
15
27
63
24
69
163
13
72
191
316
general
funds
pension
2,253
1,450
111
134
2,657
1,013
105
45
162
67
71
95
101
48
and retirement
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
4,403
2,507
65
56
153
91
150
117
33
96
157
37
30
11
16
1,036
178
28
160
338
300
5,519
4,138
230
7,666
3
64
1
39
25
30
31
12
22
28
19
101
32
21
144
265
78
221
163
126
152
32
111
15
9
276
4,057
4,016
6,307
1
2
2
3
2
39
1
62
52
80
22
86
56
97
U
126
9
1
44
2
3
7
2
23
304
100
203
152
133
133
123
2,246
1,547
17
31
39
4
»
1
1
85
1
1,907
3
2
112
94
75
170
37
198
7;
96
133
76
38
37
11
17
9
12
8
23
51
36
9_
\64
2
61
11
469
corpo-
1
1
90
49
State and local
governments 4/
611
6,446
1,667
306
361
15
4_
58,924
16,959
665
,434
684
668
847
829
1,556
479
251
972
644
772
195
963
1,170
295
684
1,858
761
730
2,295
1,502
921
994
813
694
1,151
2,061
462
34
78
174
174
6
110
62
18
126
814
397
5
101
141
173
20
55
43
124
144
93
718
41
36
26,053
8
177
243
520
554
534
794
388
319
45
215
124
Treasury bonds:
2-l/2)S
2-1/2
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
3-7/8
4
4
4
4
3-7/8
4
4
4
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
jUJTe
Dec.
June
Dec.
Feb.
Mar.
Mar.
May
Aug.
Nov.
June
Sept.
Nov.
Deo.
May
Aug.
Nov.
Feb.
Oct.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
May.
Nov.
May
June
1962-67 . .
1963-68..,
1964-69..,
1964-69...
1965
1965-70..,
1966-71...
1966
1966
1966
1967-72...
1967-72...
1967
1967-72.
1968
1968
1968
1969
1969
1970
1971
1971
1972
1972
1973
1973
1974
1974
1975-85.
1978-83...
,
.
.
Footnotes at end of Table 4.
5
,626
,538
976
,414
,402
250
,024
,851
,292
,952
,604
,722
,460
,747
,591
844
,265
,129
,806
,760
,344
,579
,894
,357
532
244
,218
,586
310
50
31
11
23
42
58
51
8
108
108
7
1
4
43
18
13
127
48
46
87
53
64
118
46
15
34
4
15
20
30
24
23
39
82
69
224
176
114
116
141
152
235
125
309
153
76
72
32
23
16
48
48
98
(
92
193
164
86
46
36
73
61
61
22
31
25
22
19
30
27
35
U
146
119
47
68
110
13
13
55
34
89
94
14
94
50
6
151
36
97
51
45
29
130
156
90
95
96
62
196
239
68
66
30
30
Continued on following page)
66
128
111
90
159
115
126
143
141
27
103
15
38
34
7
13
13
2
9
10
93
91
66
52
77
4
5
40
14
47
82
115
47
115
158
53
1
3
50
26
145
181
76
72
56
35
153
2
9
8
3
149
79
157
1
15
26
56
11
56
36
21
97
40
11
5
5
46
37
15
51
61
36
164
47
25
61
116
67
232
127
230
426
80
828
225
433
511
60
214
475
342
594
333
241
484
419
122
89
671
361
190
•.
January 1965
65
.TREASURY SUBTET OF OWNERSHIP, N07EMEER 30, 196A,
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
Issue
Insurance companies
6,015
commercial
banks
2/i/
Treasury bonds - (Continued)
~4?
Feb.
1980
3-1/2 Nov.
1980
3-1/4 May
1985
4-1/4 Aug.
1987-92...
Feb.
1988-93...
4
4-1/8 May
1989-94.
3-1/2 Feb.
1990
Feb.
3
1995
3-1/2 Nov.
1998
.
Total Treasury bonds
Guaranteed securities 2/*
• •
Total public marketable
securities
Footnotes at end of Table
2,609
1,913
1,128
1,563
87
142
4.87
297
life
530
179
412
157
160
37
90
949
138
1,055
26,241
,453
4,421
833
70
181
91
213,247
53,379
5,622
4,798
250
70
86
73
121
1,560
4,905
2,415
4,433
8
12
125
35
69
97,021
State and local
governments
488
savings 469
191
and loan corpo- 316
pension
associa- rations general and retions
funds
tirement
funds
^
501
mutual
savings
banks
2/
39
97
7
29
386
119
fire,
casualty,
and
marine
5«
6°
47
25
103
24
40
1
30
11
33
200
112
173
Government investment accounts
and Federal
Reserve Banks
U.
S.
Held by
all
other
investors
^
724
705
182
249
5
356
124
177
426
33
42
554
340
260
199
401
89
259
818
1,323
659
29,380
29
58
30
80
24
27
154
47
50
1
6
80
3
165
259
916
384
854
462
1,138
173
897
3,349
2,703
1,862
3,863
5,577
15,172
180
508
3,511
9,627
9,547
5,864
4.
Table 4.- Interest-Bearing Public Nonmarke table Securities by Issues
49,062
67,329
66
Treasury Bulletin
.THEASUEY SUPRTEY OF OWNERSHIP, NOVEMEER 30, 196A,
Section II
-
Intereet-Bearlng Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
January 1965
67
MARKET QUOTATIONS ON TREASURY SECURITIES, DECMBER 31, 196^,
Current market quotatlone shown here are over-thecounter clOBlng bid 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.
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treasury.
Outstanding Issues which are guaranteed by the United
States Government are excluded.
Table 1.- Treasury Bills
Amount out
m
Treasury BuUetl
68
i
MARKET QUOTATIONS ON TREASURY SECURITIES, DECIMBER 31, i96A.
Table 3.- Treasury Bonds
(Price decimals are 32nds)
Amount
outstanding
fanuary
1965
69
MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER 31,
O
u
O)"
o
o
o
to
o
CJ
lO
o
CO
196-;.
o
Treasury Bulletin
70
AVERAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
fanuary 1965
71
AVERAGE YIELDS OF LONG-TEEM BONDS
</)
,,
.
....,,
72
Treasury Bulletin.
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
I960
1961
1962
1963
Total
paper
money
9U
28,372
28,767
29,040
29,071
29,699
1964
32,065
32,405
33,770
35,470
37,734
1963- December,
1964- January.
February,
March. .,
Gold
certificates
Treasury
notes of
1890
Silver
certificates
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
33
32
31
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
163
147
133
120
110
67
64
62
29,726
29,943
31,117
32,592
34,529
30
30
29
20
19
2,127
2,094
2,009
1,847
1,723
318
318
318
100
319
321
27,094
27,353
28,622
30,292
32,356
78
56
54
53
37
73
36
37,692
34,662
20
1,877
321
32,331
76
37
36,247
36,312
36,799
33,226
33,268
33,694
20
20
20
1,737
1,718
1,730
306
312
320
31,051
31,107
31,513
75
75
74
37
37
36
36,885
37,208
37,734
33,746
34,039
1,714
1,718
1,723
31,580
31,869
32,356
74
34, 529
19
19
19
322
321
June
74
73
36
36
36
July
August. ,
September
37,835
38,014
38,166
34,612
34,765
34,881
19
19
19
1,659
1,625
1,573
319
321
320
32,506
32,860
73
73
72
36
36
36
October, .
November.
38,373
39,248 2/
35,051
35,889
19
13 i/
1,460
1.357
317
297
33,147
34,128 6/
72
71
36
23
31,
.
April,
, ,
>feiy
34
33
321
y
32,-690
59
57
92
85
Coin
End of fiscal
year or month
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
Money in
circulation
per capita
(in dollars) 7/
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1,202
1,259
1,315
1,346
1,415
433
453
I960
1961
1962
1963
2,338
2,462
2,652
2,878
3,205
305
329
360
411
482
1,484
1,548
1,663
1,790
1,987
549
585
629
676
736
177.47
176.45
180.98
187.40
196.46
1963- Dec ember.
3,030
452
1,872
706
197.54
1964- January .
February.
March. . .
3,021
3,044
3,105
455
459
481
1,859
1,871
1,905
708
713
719
189.76
189.89
192.23
3,139
3,169
3,205
482
482
482
1,933
1,958
1,987
724
730
736
192.47
193.94
196.46
July
August. .,
September
3,223
3,249
3,285
482
482
482
2,000
2,021
2,048
741
747
755
196.74
197.42
197.95
October. .
November.
3,321
3,359
482
482
2,077
2,109
763
768
198. 78r
1964
April.
May
June
. .
Source:
Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
2/ The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasury: 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
notes, and national bank ndtes all issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890.
Accordingly, the Secretary of the Treasury has determined
2/
7/
474
487
514
1?2.90
182.64
181.52
179.08
180.20
203.09
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; on August 27, 1962,
|9 million of gold certificates, $15 million of silver certificates,
18 million of Federal Reserve notes, $1 million of Federal Reserve
Bank notes, and $15 million of national bank notes; and on November l6,
1964, 16 million of gold certificates, $14.5 million of silver certificates, $100 thousand of Treasury notes of 1890, $24 million of
United States notes, $14 million of Federal Reserve notes, $1 million
of Federal Reserve Bank notes, and $13,5 million of national bank
notes.
Highest amount to date,
Issued prior to January 30, 1934.
Includes $429 thousand issued before July 1, 1929.
Includes $4 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 I960, Hawaii.
Less than $500,000.
r
Revised.
]
....
,
January 1965
73
MONETARY STATISTICS
.
Table 2.- Monetary Stocke of Gold and Silver
(Dollar amounts in millions)
Silver
($1.29+ per
fine ounce)
Gold
($35 per
fine ounce)
End of fiscal
year or month
Ratio of silver to
gold and silver in
monetary stocks
( in
percent)
15.3
15.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
21.4
1962
1963
1964
21,677.6
21,799.1
22,622.9
21,356.2
19,70i.6 1/
19,322.2
17,550.2
16,435.2
15,733.3
15,i6l.4
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
4,220.7
1963- December.
15,513.0
4,265.7
21.6
1964-January.
February,
March.
15,512.0
15,461.7
15,460.7
4,258.6
4,255.8
4,250.2
21.5
21.6
21.6
May
June
15,462.1
15,462.6
15,461.4
4,239.0
4,234.3
4,220.7
21.5
21.5
21.4
July
August . .
September
15,461.9
15,460.4
15,463.1
4,214.1
4,207.3
4,179.2
21.4
21.4
October.
November.
15,461.5
15,385.8
4,121.7
4,090.1
21.1
21.0
1955
1956
1957
1958
1959
I960
1961
.
.
April..
.
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
Table 3.-
For detail of
Odd
1/
See Table 3, footnote
21.3
3.
Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc. 2/
Balance of gold in
Treasurer' s account
1955
1956
1957
1958
1959
I960
1961
1962
1963
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
491
491
508
396
105
101
117.8
126.0
120.1
1964- January.
February,
March. , ,
15,512.0
15,461.7
15,460.7
15,386.6
15,184.8
15,190.1
125.4
276.9
270.6
15,462
15,462
15,461
15,350.9
15,332.0
15,341.5
111,2
130.5
119.9
July
August. .
September
15,461
15,460
15,463.1
15,3U.3
15,347.9
15,345.8
117.6
112.5
117.2
October.
15,461.5
15,385.8
15,340.9
15,247.4
120.6
138.4
April ,
May
June
, .
November.
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 pulslic and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the reden5)tion fund - Federal Reserve notes; and (3) reserve
2/
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) ual made on
June 23, 1959 (see "Administrative Budget Receipts and Expenditures,"
Table 3, footnote 13).
..
,
.,
Treasury Bulletin
74
MONETARY STATISTICS,
Table 4.- Components of Silver Monetary Stock
(
In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates!/
Silver
bullion 2/
In Treasurer' s account
Silver
dollars
Subsidiary
coin 2/
1955
1956
1957
1958
1959
1960
1961
1962
1963
2,194.i
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
1,981.5
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
15.7
2.3
8.2
1964- January.
February.
March.
1,970.5
1,948.3
1,923.9
27.8
24.3
April .
May
June
1,894.1
1,871.6
1,846.8
July
August.
September
October.
November.
.
.
,
.
Source:
1/
2/
Silver
bullion 4^
17.9
63.0
92.3
Silver outside
Treasury
Silver
dollars 1/
Subsidiary
coin 2/
Total
silver
at $1.29+
per fine
ounce
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
1,887.2
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4,375.6
4,308.6
4,318.2
4,265.7
14.
U8.3
3.
127.4
88.2
24.2
29.7
18.0
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
456.3
14.6
15.6
17.0
14.7
19.6
19.2
457.0
460.5
481.8
1,889.7
1,904.2
1,923.4
4,258.6
4,255.8
4,250.2
2.9
2.9
2.9
12.8
13.7
17.6
3.9
11.6
481.8
431.8
481.8
1,949.2
1,970.3
1,995.6
4,239.0
4,234.3
4,220.7
1,819.1
1,788.0
1,734.4
2.9
2.9
2.9
5.8
7.4
11.3
19.0
19.2
18.9
481.8
481.8
481.8
2,008.5
2,032.6
2,056.4
4,214.1
4,207.3
4,179.2
1,648.9
1,591.3
2.9
3.0
9.6
9.0
18.6
15.4
481.8
481.8
2,088.3
2,121.1
4,121.7
4,090.1
3.0
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.
2,
3.
3,
3.
U.9
2/
^/
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce held
for recoinage of subsidiary silver coins.
,
1
January 1965
75
.EXCHANGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1964
p,
and September 30, 1964
June 30, 196i.p
Assets;
Cash:
Treasurer of the United States, checking accounts
Federal Reserve Bank of New York, special account
Iii?)re3t fund
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Banco Central de la Republica Argentina
Oesterreichlsche Nationalbank
Banque Nationale de Belgique
Banque Nationale de Belgique (I.M.F.)
Banco do Brasll
Bank of Canada
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank (I.M.F.)
Banco Central de la Republic Dominicana
Bank of England
Banque de France (I.M.F.)
Banca d' Italia
De Nederlandsche Bank
De Nederlandsche Bank (I.M.F.)
Sveriges Riksbank ( I M. F)
Banque Nationale Suisse
Bank for International Settlements
,
.
Investments in:
S. Government securities
Foreign securities
D.
Accrued interest receivable
Accrued interest receivable - foreign agreements
Accounts receivable
Deferred charges
Office equipment and fixtures
Less allowance for depreciation
Land and structures
Total assets,
.
Liabilities and capital: 2/
Accounts payable:
Vouchers payable.
Ei^loyees' payroll allotment account, U.
Miscellaneous
S.
savings bonds
Total accounta payable
Special deposit accounts
Advance from 0,
S.
,
Treasury (I.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net income ( see Table 3)
Total liabilities and capital
$366,183.97
September 30, 1964.p
Treasury Bulletin
76
.EXCHANCE STABIUZAIIOH FUND.
Table 2.- Current United States Stabilization Agreements, September 30, 1964
Amounts
Date of agreements
Country-
Original
(Effective)
Expiration
Original
agreement
Advances
(
Argentina
June
Brazil
May
Chile
pan.
7,
1962
16,
1961
Mar.
27, 1963
Oct.
6,
1963 1/
Repayments
In millions)
$50
*50
$35.5
May
15,
1963 1/
70
130
104.7
31, 1963
JMar. 13, 1964
Jan.
Feb.
30,
13,
1964 1/
1965
10
15
10
2.8
Dominican Republic.
Aug. 10, 1964
Aug.
10,
1965
Mexico,
Jan.
Dec.
31,
1965
1/
1,
1964
6.3
12
6.3
75
No further drawings permitted after expiratio
Table 3.- Income and Expense
Classification
January 31, 1934 through
June 30, 1964p
January 31, 1934 through
September 30, 1964p
Income;
Profits on transactions
in:
Gold and exchange ( including profits from
handling charges on gold)
$138,507,284.37
$137,961,439.39
3,473,362.29
3,473,362.29
102,735.27
102,735.27
2,638,546.28
2,638,546.28
117,154.60
120,781.22
Investments
31,564,115.24
33,165,600.53
Foreign balances
16,200,776.18
17,025,145.84
192,603,974.73
194,487,610.82
Sale of silver to U. S. Treasury
Silver
Investments
Miscellaneous
Interest on:
Total income
Expense:
Personnel compensation and benefits
28,472,603.55
29,259,005.79
Travel
1,748,056.96
1,870,060.20
Transportation of things
2,169,165.65
2,182,286.24
Rent, communications, and utilities
871,452.39
889,898.10
Supplies and materials
235,071.78
240,355.94
3,880,825.62
3,975,991.63
37,377,175.95
33,417,597.90
155,226,798.78
156,070,012.92
Other
Total expense
Net income
Prelimi nary.
. ..,.,.
.
1965
Jianuary
77
.
INTEfyiATIONAL FINANCIAL STATISTICS.
Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings.
Treasury
1953.
1954.
1955.
1956.
1957.
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
1958.
1959.
I960.
1961.
1962.
20,582
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
116
99
1963..
15,808
15,903
15,513
1964p.
-15,388
15,596
15,471
212
432
1^63-December.
15,808
15,513
15,596
212
1964- January.
February.
March, . .
April....
May
June
15,847
15,865
15,990
15,991
15,946
15,805
15,512
15,462
15,461
15,462
15,463
15,461
15,540
15,518
15,550
15,727
15,693
15,623
307
347
440
264
253
182
15,840
15,890
15,870
15,702
16,324
15.903
15,462
15,460
15,463
15,461
15,386
15.388
15,629
15,657
15,643
15,606
15,566
15.471
211
233
227
End of calendar
year or month
July
August
September.
October. ,
November ,
December p.
.
.
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) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars.
On December 31, 1964, the net
balance of these three amounts was $769.4 million. Under appropriate
circumstances 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
Note:
1/
Total 2/
2/
3/
p
I960.
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in "Circulation Statement of United States
Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Amount outstanding
Payable in foreign currencies
Belgium
Total
Germany
Italy
(Dollar equivalent, in millions)
1962
1963
1964
,
,
251
730
50
30
30
275
679
200
200
1,086
50
1963-December.
730
50
30
275
200
1964- January. .
February.
March
730
730
680
50
50
50
30
30
30
275
275
275
200
200
150
732
802
802
50
50
50
30
30
30
477
477
477
July
August.
September.
953
1,005
1,005
50
50
50
30
30
30
628
628
628
October. .
November.
1,086
1,086
1,086
50
50
30
30
679
679
50
30
679
April
May
June
. .
December.
96
758
432
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U.S. Government securities; as of December 31, 1964,
this amounted to $800 million. Of this amount, the United States purchased $200 million in 1956, $300 million in 1959, and $300 million in
Table 2.- U. S. Treasury Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
End of calendar
year or month
Foreign
currency
holdings 2/
Switzerland
78
T
January 1965
79
.INTERNATIONAL FINANCIAL STATISTICS-
Table 4.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
(Position at end of period in millions of dollars)
1962
1963
September
December
Area and country
Gold and
shortterm
dollars
Western Europe:
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Republic of..
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switz erland
Turkey
United Kingdom
Other i/
Total Western Europe
Canada.
Latin American Republics
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
783
1,5^2
159
134
U.S. Gov-
ernment
bonds
and notes
16
2
3,7U
3
6,^09
3
196
3,627
1,829
1
155
632
623
37
671
93
83
3,575
1
1
165
*
-i,19l
370
IB
481
Gold and U.S. Govshorternment
term
bonds
dollars
and notes
903
1,678
208
134
4,510
6,634
258
3,540
1,910
158
646
751
616
3,325
128
4,253
441
28,916
708
30,093
4,057
389
3,882
^96L
December
2
1
15
Gold and
shortterm
dollars
901
1,791
253
160
March
U.S. Government
Gold and
bonds and notes 2/
shortDn basis of On basis of term
i960 survey 1963 survey dollars
1
U
1
1,732
259
176
271
ernment
shortbonds
term
and notes dollars
14
1
3
6
4,709
7
3
«
1
6,811
239
1
»
1
1
2
1,961
2
A
2,927
1,898
1
4
133
16i
688
778
126
131
135
131
1
H
123
591
129
75
312
50
3,726
136
3,967
369
133
83
361
i9
328
i6
689
807
610
3,528
135
i,245
559
741
30,420
686
687
3,555
3
1
1
1
1
30,433
700
453
360
176
216
429
,
Asia:
India
3,805
2
902
1,832
289
167
5,003
6,616
224
3,039
1,823
188
687
839
615
3,737
129
4,153
947
14
1
7
1,821
352
174
5,093
1
7
1
131
222
3,225
1,963
205
«
»
721
2
«
1
5
514
402
48
800
30,757
822
31,325
686
3,674
636
3,863
tt
380
49
14
6,437
1
972
733
3,653
123
4,222
462
2
130
77
ernment
bonds
and notes
130
77
1
4
101
2
90
78
402
49
753
"695"
178
205
16
626
98
152
14
198
263
933
376
281
806
336
3,398
13
3,865
11
11
2
837
817
10
91
105
230
277
1,017
463
271
271
276
1,057
487
280
1,077
465
14
4,132
4,207
4,166
311
307
41
302
90
2,735
232
513
1,892
38
l,94Ar
42
1,998
45
47
5,764
44
5,831
48
6,030
51
452
329
231
12
2U
12
4,063
42
293
92
2,743
237
436
1,637
12
288
72
2,484
215
437
1,490
40
302
67
2,674
222
436
1,581
Total Asia
4,986
50
5,332
5,543
540
683
671
670
138
373
186
188
10
198
287
1,101
10
Africa:
South Africa
United Arab Republic
(Egypt)
Other Africa 4/
Total Africa 4/
Other countries :
Australia
Other 4/5/
Total other countries
foreign countries
International and regional 6/
337
287
624
43,082
7,349
50,431
331
10
291
424
294
227
238
181
808
129
215
234
992
424
759
117
386
330
224
226
10
808
89
453
329
186
Indonesia
Japan
Philippines
Thailand
Other
Grand total
ernment
shortbonds
term
and notes dollars
:
Total Latin American
Republics
Total
U.S. Gov- Gold and U.S. Gov-
i,653
6,88i
265
3,1i6
3
September
U.S. Gov- Gold and
911
2
13
June
42
10
36
72
2,847
2,731
230 r
529
645
10
260
546
80
January 1965
81
CAPITAL MOVMENTS
Background
countries.
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
actions of business enterprises in the United States with
pursuant to Executive Order 656O of January 15, 193A, Execu-
their own branches and subsidiaries abroad or with their for-
tive Order 10033 of February 8, 1949, and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries is reported monthly, and is
published monthly in the "Treasury Bulletin."
information is published less frequently.
I
j
,
1
eign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of 'the United States Government and on
Supplementary
shipments and receipts of United States currency are also
Reports by banks,
bankers, securities brokers and dealers, and nonfinancial
excluded from the Treasury reports.
Certain capital trans-
actions not effected through reporting institutions, such as
business concerns in the United States are made initially to
securities transactions carried out entirely abroad, are not
the Federal Reserve Banks, which forward consolidated figures
recorded in the Treasury reports.
to the Treasury.
il
The data reported to and published by the Treasury
Department exclude entirely the intercompany capital trans-
These statistics are consolidated by the
Treasury and published as promptly as possible.
The reporting forms and instructions used in the collec-
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
j
'
tion of the statistics have been revised a number of times.
The liabilities data exclude nonnegotiable, noninterest-
The most recent revision became effective with reports covering
bearing special notes of the United States held by the Inter-
detailed description of the
American Development Bank and the International Development
I
|;
data as of May 31, 1963.1/
A
content of the statistics, including the changes instituted,
Association.
appeared in the July 1963 issue of the "Treasury Bulletin,"
The data on securities transactions and on foreign
As a result of changes in presentation intro-
holdings of U.S. Government bonds and notes exclude non-
duced in that issue, not all breakdowns previously published
marketable U.S. Treasury notes, foreign series, and non-
will be exactly comparable to those now presented.
marketable U.S. Treasury bonds, foreign currency series
Basic definitions
(see "International Financial Statistics" section. Table
I
!;
I
I
pages 79-81.
II
The term "foreigner" as used in the Treasury reports
I
covers all institutions and individuals domiciled outside
2).
Presentation of statistics
I
|i
I
the Ihited States, including United States citizens domiciled
Data collected monthly on the Treasury Foreign Exchange
abroad and the foreign subsidiaries and offices of United
Forms are published in the "Treasury Bulletin" in three
States banks and business concerns; the central governments,
sections.
Section
I
provides a summary of the principal data
central banks, and other official institutions of foreign
by period; Section II presents data by country and by period;
coimtries, wherever located; and international and regional
and Section III shows detailed breakdowns of the latest avail-
organizations, wherever located.
able preliminary data.
I
Section IV presents supplementary data in four tables
In general, data are reported opposite the foreign
!
country or geographical area in which the foreigner is domi-
j
I,
short-
Data pertaining to branches or agencies of foreign
term foreign liabilities and claims reported by nonfinancial
concerns, is published quarterly in the February, May, August,
which the official institution belongs. Data pertaining to
and November issues of the Bulletin.
Table 2 (formerly Table
international and regional organizations are reported opposite
3), foreign credit and debit balances in brokerage accounts,
the classification "International," "European regional," or
appears semiannually in the March and September issues.
(formerly Table ^)
Table
short-term banking liabilities to
"Latin American regional," as appropriate, except for the
3
Bank for International Settlements and the European Fund,
foreigners in countries and areas not regularly reported
,
which are included in the classification "Other Western
separately, heretofore has been presented annually in the
Europe
March issue, but beginning with the August 1963 issue is
.
"Short-term" refers to obligations payable on demand
published twice a year, covering data as of April 30 and
Table ^ (formerly Table 5), purchases and sales
or having an original maturity of one year or less, without
December 31.
deduction of any offsets
of long-term securities by foreigners
.
"Long-term" refers to obligations
during the preceding
having an original maturity of more than one year, and in-
calendar year, appears annually in the April issue. The former
cludes securities having no contractual maturity.
Table 2, estimated gold reserves and dollar holdings of
Exclusi ons
eign countries and international institutions, is now pub-
The data published herein do not cover all types of
I
Table
official institutions are reported opposite the country to
ciled.
'
which appear less frequently than monthly.
capital movements between the United States and foreign
1/
for-
lished monthly in the "International Financial Statistics"
section.
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of International Affairs,
Treasury Department, Washington, D. C. 20220 or from Federal Reserve Banks.
...
Treasury Btdletin
82
CAPITAL MOVmENTS.
Section I - Summary by Periods
Table !•- Net Movements of Banking Funds and Transactions In Long-Term Securities with Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in claims on foreigners
Changes in liabilities to foreigners
Calendar year
or month
Transactions
Net
movement
Total
767.6
1946.
1947.
194S.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
261.8
280.9
164.5
576.3
•387.7
225.2
278.1
521.9
945.0
416.4
940.5
903.6
338.5
479.8
404.3
1962.
1963.
305.4
1964-January-Nnvember p
1963-November.
December.
.
.
1964- January
February.
March
April
May
June
July
August
September.
October p.
November p.
.
.
.
.
-866. 4r
264. 9r
36.3
-l,135.3r
5.1r
-223. 4r
-467. Ir
188. 6r
-232. 9r
-391. Or
617. 8r
185. 5r
-175.0
219.5
537.3
V
Short-term
banking
funds
Long-term
banking
funds
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
219.1
1,000.8
3,229.6
1,882.9
1,178.7
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
1,822.9
1,858.9
2,696.6
2,486.0
919.0
2,983.3
267.2
-485.9
196.3
-7.1
-245.8
445.6
-51.7
-10.3
497.9
277.7
6.6
552.0
1,035.4
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
0.5
3.2
-3.6
-0.3
0.3
0.2
U.S. Gnv't.
bonds
and
notes 2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
2/
3/
-64.5
-150.6
-144.3
-21.2
2.3
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
62.1
214.8
-728.0
670.9
-340.4
206.9
-161.1
134.4
-490.4
-2.9
6.5
104.7
-25.0
31.0
23.0
184.6
-3.0
-214.4
429.1
6.1
4.0
0.4
30.5
40.6
8.7
-40.4
563.8
379.2
124.5
608.5
945.3
18.8
-1.5
-3.2
-9.1
123.7
-5.1
29.6
-26.8
-4.5
-82.9
11.6
-16.5
-97.8
-80.8
-30.2
-37.0
12.8
-34.1
-35.1
-19.6
16.4
16.6
-68.2
-2.2
-33.9
-17.2
3.4
1.1
5.1
1.9
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 81.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking funds during May 1963 reflects the
4/
p
r
Short-term
banking
funds
Other
domestic
securities
2/
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
Note:
1/
in:
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,314.0
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
1U.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
-343.0
-1,517.5
-811.6
-2,725. 3ri/4/
-2,431.7
-1,005.8
-230.9
-649. 4r4/,
-168.9
-215.5
-191.2r
-182.7
-106.9
-107.8
-125.0
-63.9
-340.1
170.5
-48.0
-30.8
-93.5
-77.6
-216. 3r
-221. 3r
-257. Or
-181. 2r
-380.7
119. 9r
-92. 2r
-181.6
-332.5
-497.6
Long-term
banking
funds
Transactions
in foreign
securities
34.9
265.1
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-126.6
-1,047.9
-1,044.2
-604.9
-869. 5r
-821.0
-72.0
-4A6.3rV
-43. 5r
-52. 2r
-146. 8r
-32. 3r
-26. Ir
10.0
12.4
-1U.6
35.0
-57.2
33.3
-99.7
-91.2
-27.7
13.5
21.8
-39.2
-96.5
-169.0
-251.0
-12.9
-64. Ir
-66. Or
-U2.5
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of $193.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported.
Preliminary,
Revised.
,uJanuary 1965
83
CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
End of calendar
year or month
Total
shortterm
liabilities
Payable in dollars
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
1962
1963
6,883.1
6,480.3
7,116.4
7,713.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22.450.3
22,532.6
25,018.6
25,937.6
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10,893.2
10,893.3
11,915.3
12,436.9
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,683.5
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2.355.5
2,356.9
2,564.4
3,046.2
1963-November,
December.
26,428.0
25,937.6
12,363.5
12,436.9
6,247.2
5,683.5
1964-January.
February.
March
April
May
June
July
August..
September.
October p.
November d
26,122.3
26,119.2
25,904.8
26,334.0
26,340.0
26,299.7
26,863.5
27,242.6
27,367.1
27,975.7
28,920.9
12,187.0
12,029.1
11,984.7
11,728.1
11,876.3
12,072.0
12,090.8
12,279.2
12,320.2
12,290.5
12,710.9
6,134.6
6,119.8
5,967.3
6,561.6
6,407.0
6,047.4
6,610.4
6,764.3
6,618.3
7,276.1
7,748.5
19i5
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1961 5/
,
.
2/
K
2/
International
and
regional
473.7
2,262.0
1,864.3
1,657.8
1,527.8
^
Payable
in
foreign
currencies
liabil-
ities
25.5
40.6
49.7
70.4
51.0
.9
1.4
4.6
1.0
.7
U.9
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
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
4,011.8
3,751.7
3,751.7
113.1
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
:8
Payable in dollars
Total
shortterm
claims
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
Official
institutions
2/
y
2/
2/
245.0
290.5
490.6
361
y
y
y
557.1
4,820.3
5,163.2
5,974.9
303.0
427.5
460.1
482.1
617.6
622.4
641.8
773.9
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
2,531.1
2,573.9
2,652.9
3,429.4
960.8
954.9
756.6
773.9
1,037.2
1,089.7
1,086.5
1,107.6
1,138.4
1,143.5
1,151.9
1,175.8
1,206.9
1,251.5
1,329.0
795.8
790.9
803.1
838.1
865.4
884.7
917.4
941.9
947.6
969.3
977.8
62.9
69.4
5,759.4
5,974.9
200.7
186.0
3,001
3,069
3,110
3,147
3,106
3,131
3,128
3,157
3,233
3,246
3,299
4,668.5
4,775.7
4,730.6
4,779.9
4,832.9
4,925.8
4,910.2
4,917.3
5,063.9
5,056.4
5,050.3
130.6
73.4
125.1
73.8
112.1
104.3
116.7
144.9
117.6
153.6
123.4
155.5
123.1
174.3
124.2
172.9
131.7 6/ 169.7
106.2
160.5
111.3
284.3
6,157.6
6,264.5
6,372.3
6,497.3
6,561.2
6,901.3
6,730.8
6,778.8
6,809.7
6,903.2
6,980.8
191.5
175.7
161.8
152.4
140.0
167.8
167.9
150.7
159.1
163.2
165.7
p
100.3
319.6
292
177
122
156
206
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954.9
129.5
134.1 6/
r
Other
claims
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
328.5
358.9
186.0
4,667.7
4,637.1
8/
Other
foreigners
86.1
3,020.2
3,046.2
if
Foreign
banks
222
4,637.1
5,1U.5
in
2/
73.4
7.5
2.2
2.2
7.3
69.4
^
Payable
Loans to
150.4
150.4 6/
143.4 6/
134.1 6/
1/ For exclusions see headnote on page 81.
2/ Included with "Other foreigners."
J/ Included with "Other claims."
Beginning In August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
6/ Includes reported liabilities to foreign official institutions begin-
V
Total
longterm
Aj762.3
151
104.2
109.8
131.7
109.8
142.0
235.6
'i'iO.L.
494.3
328.7
503.4
627.9
451.5
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
586.3
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
U0.5
557.1
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
630.8
3, 029.
3,202.6
3,429.4
638.7
630.8
2,583.6
3,029.8r
3,484.2
3,564.0
3,658.8
3,689.8
3,682.1
3,896.9
3,805.4
3,818.8
3,822.0
3,842.7
3,836.7
648.9
644.1
662.2
709.4
735.3
808.4
688.2
691.6
674.1
676.5
671.7
3,073.3r
3,125.5r
3,272.4r
3,304.7r
3,330.8r
3,343.7r
584.1
8r 7/8/
3,407. 8r
3,473.9r
3,585.5
3,682.0
3,350.9
ning October 1961.
Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; December and end
1963, $30.1 million; September 1964, $30.1 million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims previously held by banks but not reported.
Preliminary.
Revised.
4
..
4
5
5
1
Treasury Bulletin
84
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)
Corporate and other
U.S. Government bonds and notes 2/
Net purchases
Calendar year or month
Purchases
Foreign countries
Sales
Total
Official
<.14.5
19i6
19i7
19^8
19i9
1950
3U.8
282.4
430.0
,236.4
673.6
533.7
646.0
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
800.
1964-January. .
February.
March
April
.
.
.
May
June
July
August
September.
October p.
November p.
y
y
367.6
188
197
11.7
15.3
6.1
283
296
666.9
739.8
650.2
589.1
1,115.1
-340.2
-58.8
-315.5
415.';
264.8
150.7
2,830.8
88.8
32.4
104.7
-25.0
43.4
-6.3
60.4
-14.0
18.4
29.5
25.2
27.7
-6.8
1.7
240.0
247.3
66.4
107.4
18.4
22.5
221.4
20.9
503.5
19.7
16.4
23.2
31.3
71.5
77.8
45.2
-5.1
29.6
-26.8
-4.5
-82.9
11.6
-16.5
26.7
26.4
-48.6
26.9
13.4
37.8
30.3
31.4
53.5
33.9
66.3
36.3
37.0
17.7
21.9
21.8
32.6
17.8
3J.9
23.3
18.7
27.2
29.3
48.8
18.4
9.1
-8.5
16.0
-2.3
13.6
22.6
5.6
47.6
9.1
7.7
30.4
232.0
216.8
260.9
309.8
231.1
259.7
250.5
193.8
231.0
298.4
246.8
27.0
304.2
9.3
525.0
117.4
97.2
53.3
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-97.8
-80.8
-30.2
-37.0
369.1
3.7
.1
1.1
-23.2
-40.0
-4.7
16.7
2.6
-26.8
-8.3
19.5
10.5
6.3
3.2
2.9
-13.4
-40.2
4.2
3.2
\/ For exclusions see headnote on page 81.
2J Through 1949, includes transactions in corporate bonds.
361.4
368.8
442.4
316.9
307.7
255.7
.5
.1
.1
-102.5
.1
.4
-61.0
-83.7
-21.0
.1
3/
251
258
3U
296
392
416.
359.0
28.7
35.3
51.3
17.3
72.6
50.1
Through 1949, included with transactions in
and notes.
Preliminary,
p
-334.2
-89.1
111.1
197.5
3,142.''
-311.°
-501.4
202.2
226.0
37.8
21.2
135.5
-2.0
278.3
242.4
312.0
327.0
278.3
265.7
324.3
243.6
273.9
323.4
273.7
3.7
-25.6
-51.1
-17.3
2.8
-6.0
-73.3
-49.8
-43.0
-24.9
-27.0
7.7
-4.5
-61.9
-24.1
-66.5
28.2
-84.7
-100.0
-114.7
-47.4
-33.6
246.4
-99.2
-51.3
9.3
-21.6
Net
purchases
of
domestic
securities
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
635.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.2
2,724.0
141
-64.5
-150.6
-144.3
-21.2
2.9
120.3
432.1
376.7
514.1
375.3
226.1
369.7
354.1
664.0
C!9.5
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
2,149.1
2,526.5
8.3
1
120.0
200.1
212.8
289.7
324.7
287.1
310.2
y
y
y
y
-.6
1,396.8
,729,
,743,
,779,
.
1/
1/
i/
193.5
7.5
,216,
1963-November.
December.
9
824
-663
292
-96
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
3/
2/
2/
74.5
7.5
87.0
117.9
-19.3
9.0
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
-55
Net
purchases
Sales
1,056.6
,.^23,
1Q6<i-Janu»ry-Nnveraber d
269.7
-13.0
Net
purchases
867.1
883,
666,
1961
728.0
792.7
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
International
and
regional
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
,341.
1962
1963
684,
283,
330,
333,
294.
1,356,
231
Other
Stocks
Bands 3/
U.
S.
1.0
55.2
135.0
127.5
256.0
I42.6
-56.3
362.9
201.7
322.7
Government bonds
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
Foreign stocks
Calendar year or month
Purchases
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964-January-November n
1963-Noveraber
December
1964-January
February
March
April
May
June
July
August
September
October p
November p
p
r
Preliminary,
Revised,
Sales
Net
purchases
755.9
658.7
211.6
321,2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990,5
1,457.6
1,445.0
1,262.4
2,037,3
2,086,0
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.
-944.0
-1,095.4
821,3
1,613.3
28,6
40,4
60.9
62.4
39.9
50.8
37.2
134. 2r
42.8
70. 4r
53.4
67.3
70.4
37.4
50.7
251.9
86.2
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
40.1
191. 6r
156.5
111.8
75.9
31.8
96.6
395.5
342.2
Purchases
65.2
57.1
81.7
88.8
173.S
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
Sales
65.6
42.6
96.7
70.8
198
348
329
303
644
877
875
Net
purchases
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35,8
6,8
-251.6
-214,3
702.0
695.6
803
803.8
591.7
965.6
805.9
644.3
-126,1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
-792.0
676.2
488.9
-32.3
-22.1
69.9
62.7
27.7
28.3
2.7
-83. 4r
2.8
-121. 2r
77.0
62.0
66.5
71.0
61.7
63.9
61.2
48.7
49.1
60.3
54.8
-103.1
-44.5
-5.4
5.6
-45.9
-143.6
-256.1
566.1
509.1
595.7
621
Total
purchases
821.2
715.9
293.3
410.1
763.0
772.7
789.1
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
1,795.3
Total
sales
556.1
6''6.8
388.2
382.3
908.
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,26-'.
Net purchases
of foreign
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-6U.7
1,686.1
2,036.7
2,228.0
2,843.2
2,730.3
-830.4
-1,047.9
-1,044.2
187.2
1,497.4
2,102.2
-604.8
42.2
34.4
98.5
103.0
88.5
10.0
12.4
44.7
35.8
36.0
32.3
26.2
49,
49.
47.
42.
21.5
11.9
16.8
19.0
16.2
6.7
1.0
116.9
112.8
109.3
141. 4r
115.1
131.2
131.6
32.
42.
59,
49.6
30.
5.1
86.1
99.8
312.2
140.9
90.7
81.9
170. Or
76.0
241. Ir
206.3
158.9
118.1
64.3
139.0
454.8
391.9
35.0
-57. 2r
33.3
-99. 7r
-91.2
-27.7
13.5
21.8
-39.2
-U2.5
-251.0
January 196?
85
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- aiort-Term Banking Liabilities to Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
I960
Europe;
|i
'I
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/.
U.S.S.R
Other Eastern Europe 2/.
243.1
142.0
54.2
46.0
519.0
3,475.7
63.1
877.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
Total Europe.
9,045.7
2,438.8
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
American Republics 4^,
Bermuda
Antilles and Surinam.
America 4/
^
^
Total Latin America
Aaia:
China Mainland
398.2
233.6
68.8
72.0
11.8
2,307.8
34.8
57.3
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
Total Asia
3,115.3
Africa:
Congo (Leopoldville)
^
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa 7/
Total Africa 7/
Other countries:
Australia
All other T/
Total other countries 7/
International and regional:
International
European regional 2/
Latin American regional
Total international and regional 2/.
Grand total
53.9
31.9
64.3
29.3
21.9
79.6
227
i/
i
86
Ireasury Bulletin]
CAPITAL MOVHUIENTS
Table 2.
,
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
Calendar year
196^
Country
19^
1961
1962
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/ j/
,
,
,
,
,
,
,
,
,
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics^,
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America l^
^
Total Latin America
Asia;
China Mainland
Hong Kong
Inlia
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other if
Total other countries 8/
2.3
65.1
13.2
9.2
32.0
81.8
6.2
3^.1
33.3
17.0
3.9
7.6
27.9
59.5
^8.8
5.0
20.0
10.8
22.6
i2.2
165.5
5.8
35.0
5i.i
27.5
4.5
11.1
35.0
105.1
16.1
10.9
180.8
8.6
9.0
7.6
8.0
716.7
767.2
^21.1
555.8
120.8
191.8
186.3
127.0
125.3
19.2
425.0
31.9
73.7
2.^5.3
11 .1
5.7
19.5
.1
225.
72.7
80.
25.5
3/.3.i
22.6
ti.3
57.0
23i.5
55.1
8.5
65.5
54.7
1U.2
55.8
if
13.4
73.5
1,355.6
1,521.8
1.7
9.3
9.2
9.4
.2
23.9
805.9
2.1
18.6
7.3
2i.o
150.0
1.7
8.2
.3
35.7
1,528.0 b/
3.9
114.4
9.9
34.1
144.9
1,052.2
2.5
2/
11.0
3.2
7/
10.3
13.2
7/
8/
8/
6.0
u
27.6
24.2
28.8
26.6
68.5
84.9
International and regional
Grand total
7.3
32.2
13.6
30.1
68.2
186.1
6.5
53.6
26.9
35.0
8.8
19.4
17.8
75.4
41.5
221.4
3,6U.2
4,820.3 6/
7.9
19^:?
June
July
August
September
October p
\
87
January 1965
•
CAPITAL MOVMENTS
Section II - Summary by Countrlep
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
I960
2.9
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Exirope.
n.S.S.R
Other Eastern Europe.
35.1
7.1
5.2
20.5
23.2
4.0
37.1
13.6
1U.6
2.7
4.5
38.8
2.2
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Columbia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netnerlands
Other Latin
1962
1961
36.7
38.7
7.4
3.1
12.5
69.8
7.4
26.2
46.4
I64.7
4.0
.8
50.1
9.4
.1
.1
15.3
1.8
7.9
10.7
366.6
492.9
75.5
273.9
118.4
233.7
42.5
25.7
73.4
262.8
26.7
29.6
2.1
:
.9
.9
182.0
30.3
171.2
19.4
12.1
10.1
.6
.4
American Republics
Bermuda
Antilles and Surinam
America 2/
3^''.
U
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
189.8
9.2
u
.
245.5
11.9
4/
6.3
3.4
65.4
72.9
913.9
931.3
19.4
16.4
50.8
8.4
23.7
:
Total Asia
Africa ;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa..
Other countries:
Australia
All other 1/
'-'otal
other countries 6/.
44.4
10.2
19.1
.9
15.6
8.2
15.7
134.1
39.7
61.0
4.8
5/
6/
27.7
75.1
208.3
International and regional .
Grand total
50.1
.4
1,698.4
5
14
.
Treasury Bulletin
88
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
(
In thousands of dollars
;
1964
Calendar year
Hc4
Country
1961
1960
through
November
1963
1962
August
July
p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Swed en
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.
S.
S.
-189
-349
-35,359
-1
-18,32i
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-3,193
-8,231
1,985
6,392
588
-601
-391
-14,355
-2,681
-2,050
175
9K
188
-40
249
-1 ,473
79
-16
-6r
34
553
504
-103
-38,758
-16
-154
-126
-112
-154
452
-32,920
-130
-46
25
12
24
-26
6
1,999
-620
-275
-59
-112
-1 ,070
-22,391
77
-220
11,807
-10,917
-391
-1,379
89,105
15,175
-65,319
33,965
-13
-144
39,405
247
-19
-3,762
-11,320
2,646
1,658
2,168
-31 ,665
10
-12
-28
20
31
18
-35
31
-21
23
-89,
3'':
10
-14
-497
-24,716
-19,7':0
5
2,73?
83,500
4
-35
-4,988
-2
240
-358
1,363
-377
1,529
43
3,549
R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
,
Other Latin American Republics , , .
Bahamas and Bermuda
Netherlands Antilles and Surinam.,
Other Latin America
Total Latin America
-76
-42
-70
-90
-85
-35,360
2,005
-131,512
73,894
-31,418
-25,822
-43,737
u,997
693
-36,551
5
415
-29
-49
-43,515
-1 ,071
-650
-780
662
-245
13,11?
-69,449
296, =101
S148
-80
-135
-25
-5
-324
-1,25s
154
-332
-19
-4
-141
64
33
-41
139
266
-65
-335
-41
-329
-6
163
16
122
105
-32
12
-950
48
-236
-52
301
5
ID
5
-845
-9,318
664
-141
253
-87
-275
50
55
99
106
2
105
-41
18
16
-36
-175
-195
219
-10
-28
-57
1,070
-7
-652
327
1
-10
-10
201
347
-365
1,522
114
811
357
1,398
1,467
-45,783
683
2,1U
-14
1,157
39,700
-9
-35,003
-39
-476
-531
561
-26
6
-1
23
26
-1,561
-191
-5
-3,516
-963
-818
-21
-76
-25
-654
-4,501
1,694
1,784
820
34,045
-36,270
-5,837
652
1,834
1,038
3
-1
-55
-88
153
8
3,255
500
-1,971
1,023
b,806
1,413
2,005
3,267
503
-1 ,972
6,959
1,413
2,005
-49
-17,445
-1
-17,494
-1
224,468
339,923
-841
-2U
-136
-227
735
571
1,028
-97
,
261
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional..
Grand total
1/
p
1/
United States)
negative figures indicate net sales by foreigners or a net outflow of capital from the
339
-1 ,000
-201
14
-230
12
240
10
20
-22
38
-25
2,976
31
2,871
4
-19
2
518
518
192,236
-79,843
-28,783
-307,840
-50
-7,574
224,468
532,159
-521,370
301,791
-315,464
126,592
512,191
-727,989
670,915
-340,212
For exclusions see headnote on page 81,
Preliminary,
-U1,527
330,574
170
81
286
135
421
11,593
-16,463
\
January 1963
89
CAPITAL MOVMENTS
,
Section II - Summary by Countries
5.Table
Net Transactions In Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1964
Calendar year
Country
1960
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
1961
-10
2,765
530
89
-246
-119
482
-635
39
-231
5,489
-218
-79
-63
1962
-9
23
-439
-410
-1,793
-409
-41
-572
-251
-1,271
-136
14
-297
-9,394
-7,915
54
-451
-103
-3
-428
-2,616
-78
140
269
211
11 345
-4
585
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
-347
1,945
373
416
-4,015
11,196
-19
73
-2,020
12,296
-7
154,266
-333
143
-215
91
55
137
-1,304
-2,551
30
-773
-757
3,226
-176
60,045
-19,846
10,674
33,345
173,087
18,965
-39,058
,628
-76,249
-51,845
-34,855
583
-214
132
917
217
637
-70
543
-49
-29
81
45
-26
158
-13^
29
-68
-14
-57
7,616
-6
9,507
Ifugoslavia
-4,366
-1
Canada
-1
-3
-6,818
37
Total Europe,
June
fj
278
-179
4,582
-12
-5,719
58
204
55,766
Other Western Europe.
U.S.S.R
Other Eastern Europe,
1964
through
November
24,72^.
-Ill
-16
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
386
56
49
1,751
395
-698
-1,265
-16
1,394
755
793
2/
10,349
417
-397
-887
2/
208
2,475
17,609
-130
-115
-56
317
52
8
352
37
-37
18
95
48
33
1,292
58
American Republics 1/
Bermuda
Antilles and Surinam,
America 1/ 2/
Total Latin America
Asiai
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
,
,
240
-120
-54
544
54
-1
69
19
1
-2,705
1,284
-2
20
53
1,589
-35
289
-148
179
93
411
-441
510
391
-5,291
2.''
1,786
1,153
796
5,302
-3,316
705
671
233
-264
6
17
-2
135
-4
57
-10
-12
-29
104
-24
213
266
-6
-18
904
262
723
56
4
4,905
3,592
736
470
766
6,143
4,895
2/
2/
-2
2/'
7
82
-19
-20
4
1/
2/
2/
-592
Total Africa
4/
4/
4/
y
-601
Australia
All other 2/
-903
9
22
-11
-9
59
476
Total other countries 4/
-792
29
602
194
-13
11,548
9,878
12,078
16,190
11,550
55
Other countries:
Total international and regional.
-2
-1
3
87
Morocco
South Africa
United Arab Republic (Egypt),
Other Africa
Grand total
414
37
Africa:
Congo (Leopoldville)
International and regional:
International
European regional
Latin American regional
-292
177
-12
2/
65_
52
528
-7
-542
912
-28
,
65
108
11,548
9,878
12,078
16,190
50,088
-99,227
-51,333
9,329
11,550
1
50 747
,
1
,004
737
.
Treasury Bulletin
90
CAPITAL MOVEMENTS
Table 6.-
,
Section II - Summary by Countries
Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1964
Calendar year
Country
1960
1961
1962
1963
1964
through
November p
September
August
July
October p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe....
U.S.S.R
Other Eastern Europe 1/.
195
2,245
790
-116
37,881
19,716
-259
29,219
-4,260
-399
10,820
376
580
121
3,141
-1,810
-427
22,587
22,711
-709
14,272
28,971
-668
6,538
1,559
-1 , 200
115,048
108
-40,920
-13
2,939
161,565
235
-10,940
12
5,718
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
217
-3,862
117,236
-262
-40,589
-25,393
459
196,896
3,473
-1 304
1,968
-10,960
-641
-391
-9,006
-3,370
-327
5,004
3,075
-1,412
15,595
3,274
-9,113
1,049
841
111
253
233
1
-33,818
-3,633
-126
6,9U
18,069
-2,416
6,170
-335
-1,829
-198,841
-10,580
-153,609
2,169
-1,666
539
362
,
-4,055
-2,050
-55
1,103
1,030
130
-1,708
7
-334
-23,367
3,499
2,254
199
1,028
-1,131
1,196
924
-225
-3,715
-645
-13
-165
-2,828
-431
357
-91
1,257
85
-1,094
-33,839
-10
-33,641
-132
-41
-2,156
5,377
-6,705
-4,630
221
431
448
-90
770
153
566
255
121
260
377
207
176
-415
139
-1
4
-664
528
-307
675
113,152
166,037
-373,300
-22,150
-70,158
Canada
-6,281
-21,878
32,866
5,132
53.340
9,231
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 2/ 2/
-641
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
2/
11,962
-124
-522
5,238
1,063
742
355
5,430
120
1,846
1,451
1,894
1,360
-333
323
124
378
-1,163
8,806
2,660
2/
9,374
2,224
361
-184
-6,029
3,881
-1,290
-21,587
3,017
-789
2/
1,594
-1,715
2,461
3,007
2,249
1,097
-136
-777
-1,300
897
347
-1,055
1,160
18,064
44,409
-21,293
8,639
172
8,317
56
-23,249
65
77
738
515
103
-5
-71
147
3,345
-118
3,227
114
4,202
-92
37,684
28
113
-81
-69
34
689
-127
154
4,921
-39
472
615
-45
396
-8
69
6,282
12,352
43,254
-18,279
58
12
4/
64
763
4/
-52
4/
213
-61
4/
y
y
y
y
304
800
797
1,826
636
-533
^..
1,630
2,726
International and regional:
International
European regional
Latin American regional...
2,424
2,082
Total Latin America
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines.
Taiwan
Thailand
Other Asia
.
87
-40
105
504
9
181
-1,285
108
.
Total Asia.
Africa:
Congo
{
Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries:
Australia.
All other
V
Total other countries
Total international and
regional
Grand total
709
-191
V
64
27
3/
2,369
-1,680
-1,645
438
-439
23.555
-108
1,031
-311
1
1
367
-452
-479
59
210
704
-1,184
-14
349
790
2,291
149
71
-690
-1,184
252
-96
774
138
700
-5,656
-162
-135
-297
97
-74
935
43
-185
-737
-23
3,359
-4,308
-3,278
457
-U2
377
1,744
24
-1,721
-54
-948
-6
-4
955
500
5
-2,996
2
589
285
60
-66
11
87
6
114
-103
-244
-24
-34
-72
-174
3,904
1
10,915
4.932
34
67
-199
2,371
-731
-2,146
1,524
-9
5
-3
60
6
-53
-5
-3
-17
-6
13
-31
1
85
6
323
62
203
982
-670
63
4,481
5,959
5,094
-14
4,481
5,844
111,130
197,549
1/ Through April 1963, includes Czechoslovakia, Poland and Rumania only.
2/ Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other
Latin American republics included with "Other Latin America."
2/ Through 1963, Bahamas and Bermuda are included with "Other Latin America."
•
-132
2
2,549
-614
-56
2,082
-7
61
-47
2,142
-107
322,714
-3
10
60
-133
-1,096
252
2,424
121
7
569
19
175
201,736
3
765
-1 ,659
-3
-32
-16
-16
721
-37
-115
17
7
-27
68
-61
-68
-69
-22
1,034
418
-193
223
74
1
3
82
375
23
252,121
8,068
-5,819
672
-3,259
4,830
1,353
2,272
9,008
-121
12
5,365
-21 ,000
-146
9,824
385
-38
-40
61
-15
-115
-148
-15,096
-476
-14,943
-80
90
-35,317
660
151
23
90
-386
131
-25,376
-271
-24,115
-81
672
798
-332
-88
42
-204
-19,424
-51,603
3_
173,497
-14
-1,238
2,566
13
1,672
-1,172
679
-2,366
-57
-55
-6,206
-153
-15
-14
Total Europe
41
-371
-1,250
-252
-11
-4,867
247
-120
35
2,009
6
653
-14
45
56
10
2
-6
-10
5
9
25
106
-108
-130
-30
12
-28
45
-221
-236
-160
350
637
-457
731
62
5, nan
639
350
637
62
311,883
-6,002
-73,795
-49,783
-24,931
-J-
4/
y
p
Through 1963, "All other" countries include
Morocco and "Other
Africa,"
Through 1963, "Total other countries" include
"Total Africa "
Preliminary.
January 1965
91
.
CAPITAL MOVIMENTS
Section II - Summary by Countrlep
In Long-Term Foreign Bonds by Foreigners
7.Transactions
Net
Table
foreigners or a net outflow of capital from the United States)
(In thousands of dollars; negative figures Indicate net sales by
Calendar year
Country
1961
1960
1962
Europe;
210
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l/....
U. S. S. R
Other Eastern Europe 1/ 2/.
15,307
492
3,305
500
5,223
-131
13,122
-2,589
-1,943
-123
4,007
-1,147
-3,155
-114
6,029
-500
-35,525
4,697
-42,113
-14,774
-44,018
-209,738
-244,218
-434,047
5,639
6,884
965
4,068
-5,244
-53,049
-30,141
-6,904
5
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/ kf
-2,854
704
-447
y
2,884
-12,638
-83,224
Total Latin America
-2
1,660
-2
24
-48,161
1,507
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,675
613
2,812
-39,874
Total Asia.
Africa;
Congo (Leopoldville)
-16
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Hfrica
5,557
-11
bl
Other countries:
Australia
All other
-43,029
-1,814
y
Total other countries 6/
Total international and
regional
-2,051
-10,111
-36,191
606
-37,252
-19,018
-459
9,504
30,920
-23,437
24
2,572
-338
29,212
28
27,579
-15,601
-11
Asia;
China Mainland
Grand total
-2,156
5
Canada
International and regional;
International
European regional 1/
Latin American regional ij ,
539
U,531
-24,056
-981
39,485
263
-7,666
293
1,432
-6,618
441
-43,531
Total Europe
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-8,335
-13,838
-14,349
-39,313
-147,831
,
-147,831
-562,093
Treasury Bulletin,
92
CAPITAL MOVEMENTS
Table 8.
(In thousands of dollars;
Section II - Summary by Countries
Net Transactions In Foreign Stocks by Foreigners
States)
negative figures indicate net sales by foreigners or a net outflow of oapital from the United
Calendar year
Country
I960
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe 1/
-13
-922
-315
-23
-i, 206
-17,674
-583
-12,517
-87,906
Total Europe
-75,207
Canada .
847
121
-23
11,889
-6,312
97
42,
U7
136
13,889
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America Z/ 2/
Total Latin America
-2,485
-1,020
-334
100
-307
-548
-4,294
-1,765
-180
-16
30
y
608
-13,996
-24,207
Asia:
China Mainland
-50
-147
-13
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2
48
-744
204
-3
-60
10
Total Asia
-753
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
V
Total other countries
^
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
4/
2,978
11
4/
y
Total Africa
Other countries;
Australia
All other
,
1965
\january
93
CAPITAL MOVMENTS
Table 9.
-
,
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
(Position at end of period in millions of dollars)
On basis of 1963 survey
On basis of I960 survey
Country
i960
1964
1963
December
1961
1962
30
16
13
14
2
2
«
1
6
3
3
3
1
4
1963
July
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
2
3
2
31
1
5
3
1
tt
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S. S. R
Other Eastern Europe.
3
1
1
2
126
87
126
131
1
1
1
1
«
1
1
1
1
2
82
93
133
9A
83
93
83
129
75
370
361
328
48
50
45
83
«
420
U3
46
7
9
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
P eru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America
743
8>i6
848
-^6
459
389
7
5
1
1
686
687
4
5
1
1
«
2
10
1
2
1
1
1
1
1
1
1
1
1
2
1
2
1
2
5
5
3
2
Total Latin America
2
2
13
14
15
16
15
30
31
33
33
32
5
5
5
36
Asia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
1
1
41
6
1
1
1
3
1
.
39
38
34
92
56
50
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa.
11
12
Total Africa.
11
12
10
900
1,240
798
192
112
84
900
1,432
911
1,213
2,326
2,838
2,110
2,781
Total Asia.
Africa;
Congo (Leopoldville)
Other countries:
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
,
,
Total international and regional.
Grand total
1,129
1,135
,
,
1
.
Treasury Bulleth
94
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
Table 1.- Siiort-Term Banking Liabilities to Foreigners as of November 30, 1964
1/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
U.
U. S.
Total
Deposits 2/
83,400
176,006
145,200
25,243
1,043,303
1,582,615
27,500
1,074,350
275,225
3,132
250 ,641
3 ,372
20 ,811
184,164
166,878
49,223
76,190
334,811
361,755
68,942
280,836
133,441
80,152
157,349
284,858
126,175
408,161
24,756
,342,566
7,494
56,158
2,785
17,752
11,995,222
10,869,554
4,164,446
3,457.903
3,201.046
S.
Treasury
Deposits 3/ bills and
certificates
Treasury
bills and
certificates
345,200
439,087
271,733
107,270
1,543,021
2,100,914
148,327
1,389,335
423,386
152,880
160,279
366,811
638,305
1,050,311
25,128
1,441,737
13,534
229,895
3,097
19,304
40
507
169
224
4,817
496
3,180
1,905
1,967
3,211
264
743
677
532
119
610
3,601
4,201
34,303
8,491
3,142
53,614
45,734
24,060
36,929
21,863
28,662
63,257
43,347
14,133
134,664
2,339
494,101
2,804
20,578
127
77,636
96,203
77,310
5,837
164,907
156,544
51,885
34,149
14,720
69,596
2,930
2,653
45,630
489,759
372
52,356
2,790
132,190
312
1,425
1,507
3,937
28,979
7,826
3,142
48,467
35,613
23,796
35,576
17,585
28,101
62,828
41,103
12,411
92,418
2,334
137,706
999
13,158
275
1,424
5,225,904
1,479,204
1,038,004
597,683
29,914
2,249,225
943,810
8.011
249.717
190 686
39,635
98,275
167,697
45,758
77,051
1,032
485,189
8,313
89,843
25,474
378,394
227,759
81,751
49,092
5,120
92,973
154,393
45,020
76,003
1,032
272,390
8,264
89,589
23,126
357,098
153,753
76,460
32,687
1,523
1,387
75
3,915
13,229
738
1,048
143,900
68,899
49
254
2,348
11,296
46,406
3,235
4,268
3,597
179,982
85,172
105,664
106,144
8,715
285,937
94,913
106,355
85,985
335,982
178,694
92,243
64,182
10,196
176,665
34,411
104,352
103,034
8,620
274,085
79,577
105,509
80,179
332,462
176,366
76,203
4A,591
9,656
3,485,057
1,740,748
1,384,311
159,282
1,740,164
1,655,710
35,123
84,699
62,656
37,232
140,378
2,568,755
105,684
228,181
221,272
444,491
585,358
29,715
43,433
48,360
35,373
133,898
2,545,746
104,090
188,668
212,237
440,097
511,598
29,714
38,565
31,119
25,352
95,653
,626,771
102,862
175,489
174,184
186,273
386,014
1
247,176
33,891
18,773
308,100
1,228
12,987
38,053
6,648
91,693
5,408
41,235
12,492
1,859
6,480
22,912
1,594
39,420
9,035
4,339
72.941
5,408
39,844
12,482
1,859
6,458
21,755
1,594
39,420
9,035
4,389
69,605
4,513,829
4,293,215
_2, 871, 996
922,306
498,913
217,765
211,849
25,204
6,913
51,306
19,414
134,816
23,094
3,037
39,234
18,613
100,415
11,768
2,704
36,924
17,497
55,259
10,800
2,000
800
28,915
526
333
310
316
16,241
2,110
3,876
9,011
766
29,439
2,110
2,874
8,911
766
28,339
349 ,407
i74 070
230 ,377
]10 ,415
1,599 ,249
2,152 ,043
172 ,3S7
1,431 ,395
446 ,370
181 ,616
223 ,538
410 ,174
652 541
1,196 ,068
27 ,467
1,996 ,943
16 ,338
Total Europe
To all other foreigners
To foreign banks and official institutions
79,300
466, 500
152,391
46,815
3,250
41,547
275
646
4,146
29_
;
,
American Republics...,
Bermuda
Antilles and Surinam..
America
Total Latin America
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
[
Total other countries
Total international and regional..
1/
2/
278, 542
252,963
151,462
183,203
9,747
771,627
103,227
196,217
111,460
714,394,
406,692
174,323
113,276
17,924
10,000
27,600
2,056
12,137
197,155
1,000
9,700
19,472
610,875
192
4,868
16,241
321
237,653
184,393
124,152
42,515
17,726
45,202
43,050
162,313
18,203
156,636
13,828
62,821
8,679
86,150
863
7,665
4,286
4,745
4,345
4,623
3,144
181,016
170,464
71,500
87,013
11,951
9,090
7,767
4,888,679
17,158
4,888,228
17,138
279 223
4,425,505
451
451
1W,429
1U,399
183,500
1,771
114,504
20
30
20
30
:
International and regional :
International
V
European regional
Latin American regional
Grand total
.
,
15,367
22,195
7,700
5,050,266
5.049.765
316,785
4,433.205
299,775
501
501
28,920,946
25,509,185
11,182,415
11,851,908
2,474,862
3,300,443
2,707,246
For exclusions see headhote on page 81.
Grand total includes $7,309,725 thousand of demand deposits and
3,872,690 thousand of time deposits, but excludes negotiable time certificates of deposit, which are included in "Other."
2,244
1,076
38,100
5
15,170
1,805
246
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Druguay
Venezuela
Other Latin
BahajBas and
Netherlands
Other Latin
29
310
34,212
341,225
7,174
54
410,407
fanuary 1965
95
CAPITAL MOVIMENTS
,
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of November 30, 1964
1/
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Country
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Total
Acceptances
made for
account
of
foreigners
Europe:
6,805
26,755
14,224
71,141
61,486
119,703
10,237
122,411
35,886
39,359
19,509
30,831
33,546
74,247
15,392
161,025
15,045
20 648
1,254
2,948
1,890
11,712
11,531
23,346
8
1
20 ,168
20,149
1,1^0,060
7 336
3i ,093
16 ,as
71 355
75 993
175 ,008
Austria
Belgium
Denmark
Finland
France
Germany
Greece
«. .
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
10 ,341
815
,875
AO ,303
19 ,76/1
31 ,756
AO ,770
90 ,669
15 ,393
277 ,632
13-1
a
15 136
500
56,666
7,142
12,369
2,327
3,797
6,263
18,673
11,352
52,810
8,679
1,258
1,001
6,639
2,260
1,401
18,443
33,557
488
23,625
4,413
4,393
11,161
5,844
7,249
34,742
1,090
20,537
3,173
12,896
3,195
2,453
20,698
34,816
9,223
26,690
22,042
2,619
2,956
13,134
4,814
12,556
2,450
25,568
109
1,355
1,116
6,279
54,814
8,688
25,223
8
22
531
3,156
600
761
2,126
2,761
13
7,338
2,194
214
14,507
55,305
5,888
2,136
19,285
1,661
7,269
14,692
7,775
930
6,257
4,521
12,081
2,787
6,499
122
218
12,114
3,407
241 517
189,551
202.404
180,011
635,501
386,400
26,618
128,506
9,598
40,914
20A,760
17,695
30,121
39,668
39,558
243,628
14,437
6,131
21,819
33,006
30,157
8,289
26,077
55,373
22,420
90,461
100
156,823
8,850
27,473
4,954
33,972
31,221
33,317
63,176
30,692
32,680
25,835
16,475
39,705
8,890
38,974
7,219
54,743
73,413
1,370
85,569
97,318
66,856
152,970
199 868
49,882
194,222
120,418
168,888
298,590
16,575
578,711
38,432
97,274
66,355
151,538
193,279
49,798
16,917
15,822
16,917
15,694
655
406
12,945
223
3,315
2
America
9,526
2,799
Total Latin America
2,096,758
2,006,691
485,570
504,219
406,013
532,109
1,607
1,495
9,452
5,287
13
2,939
1,343
2,011
1,707
3,373
4
2,952
1,560
6,518
1,482,637 116,523
2,033
3,065
45,615
153
2,029
337
30,261
6,674
7,291
1,584.720 130.023
21 ,221
U
Total Europe
Canada
latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam
Other Latin
U5,935
187,547
299,971
16,602
603,868
38,
American Republics,
Bermuda
Antilles and
Asia;
China Mainland
W2
,
,
,
7
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1,621
20,315
18,753
3,010
45,120
2,495,825
24,610
182,880
7,639
55,072
79,164
18,407
3,010
45,117
2,428,110
24,610
182,504
7,638
55,014
78,641
9
11
23,208
519,297
12,520
93,673
2,702
13,893
20,371
7,579
86,235
25,080
421
4,178
5,461
99
4,076
8,395
33
6,252
223,418
10,057
15,071
2,333
6,345
38,844
Total Asia.
2,934,009
2,864,843
701,907
133,265
314,923
1,779
18,833
28,215
57.994
899
1,775
17,939
27,975
57,651
107
206
293
11,016
26, 367
250
52
Africa:
Congo (Leopoldville)
Morocco
South Africa
Dnited Arab Republic (Egypt).
Other Africa
Total Africa.
20
,
1
85
4,208
71,759
141,758
125,152
6,034
22,447
30,863
29,671
57,730
4,117
28,730
542
2,554
173
15,144
1,517
13,727
1,108
14,152
1,294
14,392
1,214
1,286
774
71
107,720
106,239
37,989
18,173
31,046
16,900
2.131
Australia
All other
57,177
9,054
37,494
8,536
467
2,579
1,501
19,706
5,969
13,530
866
1,212
59
Total other countries
66,231
46,030
526
4,030
25,675
14, 396
1,353
10
546
546
977-794
939.674
Other countries;
International and regional;
International
European regional
Latin American regional..,
Total international and
regional
Grand total
,
141
10
556
556
6,980,835
6,309,166
546
546
1,494,673
2,419,050 427,975
Treasury Btdleth
96
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of November 30, 1964
(Position in thousands of dollars)
Long-term claims payable in dollars
Total
long-term
liabilities
Country
Europe ;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
1,000
4,000
8,000
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
l,i33
5,285
Total Europe
10i,165
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexi GO
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,.
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
50
26,379
78
20
45,000
600
72,127
Asia
China Mainland
Hong Kong
Total
long-term
claims
132,509
83,571
55,566
62,240
58,323
152,718
34,678
314,362
15,235
251,022
76,642
71,501
98,321
39,808
722
77,117
1,776
20,086
Other
Total
132,509
83,571
55,566
62,240
53,323
152,718
34,678
132, 502
314, 362
15,235
251,022
76,642
71,501
98,321
39,808
722
77,117
1,776
20,086
21,811
21,811
1,568,008
1,568,008
291,178
291,178
82,396
175,859
20,123
48,715
594
447,289
49,729
45,720
37,022
94,537
89,167
37,329
21,828
1,664
82,396
175,859
20,123
48,715
594
U7,189
49,729
45,720
37,022
94,537
89,167
37,329
21,828
1,664
1,151,972
1,151,872
1,578
27,909
1,578
27,909
24,260
368,972
3,113
140,066
2,605
7,140
31,459
:
India
Indonesia
Israel
3,040
400
Other Asia
7,750
24,260
368,972
3,113
140,066
2,605
7,140
31,459
Total Asia
11,240
607,102
607,102
15,160
750
Japan
Korea
Philippines
Taiwan
50
Tl-iailand
Africa;
Congo (Leopol(Jville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries;
Austral ia
All other
Total other countries
International and regional
International
European regional
Latin American regional
463
87,046
1,000
124,663
124,663
727
100,057
7,719
100,057
7,719
727
107,776
107,776
21,
2U
;
Total international and regional
Grand total
1,000
15,160
750
21,244
463
87,046
1,000
94,000
235
235
95,000
235
235
235
284,259
3,850,934
3,850,834
3,649,736
235
1
i
Treasury Bulletin,
98
_CrUMULAa?IVE TABLE OF COHTENTS.
February 1964 through January 1965
Issue and page number
1965
1964
Apr.
May
June
July
Aug.
Nov.
Sept.
II
II
Reporting bases.
Articles:
Treasury financing operations
Summary of Federal Fiscal operations.
A-1
A-1
A-1
A-1
A-1
A-1
A-1
»-l
A-1
A-1
A-1
1
1
1
1
1
1
1
1
1
1
1
Administrative 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
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1963
Trust and other transactions;
Summary of trust and other transactions
Trust receipts
Trust, deposit fxind, and Government- sponsored enterprise
expenditures
Investments in public debt and agency securities ( net)
Sales and redemptions of Government agency securities in
market (net)
Interfund 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
Onen^jloyment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by issues (latest date September 30, 1964)
,
,
,
,
2
3
4
5
6
7
10
10
10
10
12
12
10
10
11
11
12
12
10
10
10
10
11
11
12
13
14
11
12
12
13
13
14
11
12
11
12
12
13
10
11
13
15
13
14
15
13
13
14
12
14
15
16
16
17
18
16
14
15
16
14
16
17
17
18
19
14
15
16
16
17
18
20
19
19
Consolidated cash transactions:
Sumnary of Federal Government cash transactions with the public.
Intragovemmental and other noncash transactions
21
18
19
16
22
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
Summary of cash transactions through the Account of the Treasurer
of «ie United States
23
21
20
21
18
Debt outstanding
Sumnary of Federal securities
Confuted interest charge Euid rate on Federal* securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
%>ecial public debt issues to U. S. Government Investment accounts
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
Dec.
25
11
11
11
13
10
11
12
13
14
13
14
15
15
15
16
17
18
22
23
18
16
19
17
21
22
17
18
15
16
20
21
17
18
19
24
25
20
21
18
19
23
24
19
20
17
18
22
23
19
20
20
26
20
25
21
19
24
21
23
23
21
21
20
20
21
22
22
22
22
22
23
25
25
24
26
26
27
26
23
27
17
:
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
Securities issued in advance refunding operations
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
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
26
26
27
23
23
24
21
21
22
27
27
28
27
28
29
24
25
26
22
23
24
28
29
30
24
25
26
22
23
28
24
29
23
24
25
21
22
23
26
27
28
23
24
25
25
31
27
25
30
26
24
29
26
30
31
28
26
32
28
26
31
27
25
30
27
32
34
36
29
31
33
27
29
31
33
35
37
29
31
33
27
29
31
32
34
36
28
26
28
31
30
33
32
30
35
28
30
32
36
40
37
41
47
35
43
35
41
37
46
43
41
40
46
42
34
40
46
36
43
48
45
43
49
45
44
49
45
43
49
46
52
49
47
53
49
48
53
49
47
53
50
59
56
54
61
57
56
61
57
55
61
58
62
59
57
64
60
59
64
60
59
65
62
(Continued on following page)
39
.
January 1965
.CUMULATIVE TABLE OF COHTENTS.
February 1964 through January 1965
-
(Continued)
Issue and page number
1965
196/;
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 raat.ored and unmatured bonds
Sales and redemptions by denominations. Series E and H combined.
Sales by States , Series E and H combined
Ownership of Federal securities:
Distribution by classes of Investors and types of Issues
Net market 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
Ownerslilp by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 196iV)
Feb.
Mar.
Apr.
May
June
63
63
60
60
64
66
67
61
58
58
59
63
61
66
66
67
69
70
62
62
63
65
July
61
61
62
64
Aug.
Sept
66
66
67
69
70
62
62
63
65
Oct.
61
61
62
64
Nov.
67
67
68
70
Dec.
64
64
65
67
71
71
69
64
69
70
64
65
71
66
62
63
71
66
65
71
72
66
67
65
66
72
73
73
68
67
74
66
65
72
66
67
65
66
72
73
67
74
78
74
76
77
78
68
69
78
75
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
i1
'
I
99
I
Average yields of long-term bonds :
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds.,..
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
September 30, 196i)
72
74
71
71
75
74
72
76
75
77
78
78
79
80
76
77
77
78
79
79
71
81
73
68
70
82
83
74
75
84
85
85
86
87
76
77
77
78
79
Exchange Stabilization Fund (latest date September 30, 196^):
Balance sheet
U. S. stabilization agreements
Income and expense
73
74
74
75
76
77
79
82
83
83
84
85
71
85
86
75
76
74
81
75
82
87
77
78
78
79
80
76
77
77
78
79
83
89
90
73
79
79
77
78
78
80
80
81
81
81
81
84
84
79
80
85
86
80
79
86
82
82
91
81
82
87
82
80
79
80
86
87
82
83
82
83
91
81
92
82
82
83
87
88
82
83
83
84
89
84
84
85
90
85
94
97
106
107
86
89
98
99
87
90
99
87
90
99
100
92
95
104
105
108
100
101
106
101
101
102
107
108
102
81
90
93
102
103
83
86
95
96
82
85
92
85
88
94
101
97
95
102
98
104
97
96
103
99
105
106
98
97
104
105
100
85
88
97
99
100
99
100
109
110
100
102
101
101
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
and certain other business-type activities :
of financial condition (latest date June 30 , 1964)
expense (latest date June 30, 196/+)
application of funds (latest date June 30, 1964)...
72
74
81
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
institutions of foreign countries
U. S . monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and international Institutions
Liabilities to foreign official institutions and International and
regional organizations
Corporations
Statements
Income and
Source and
82
84
76
National bank reports:
Earnings, expenses, and dividends for calendar years 1959-63..
Capital movements between the United States and. foreign countries:
Summary by periods beginning 1 946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-terra banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners,
latest month
•
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concern:
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-terra liabilities, coiintries and areas not regularly reported.
Purchases and sales of long-term securities by foreigners during
calendar year 1 963
73
103
103
103
109
108
128
111
111
113
104
105
Pt
•q
Treas,
HJ
U.S. Treasury Dept.
10
.A2
1965
C.2
Treasury Bulletin
@FedFRASER