Full text of Treasury Bulletin : January 1967
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The Treasury Bulletin is for sale by the
Superintendent of Documents,
U, S, Government Printing Office, Washington, D.C, 20.^02
Subscription per year $8.50 domestic, $11.00 foreign.
Single copy price varies.
Januafy 1967
Table of Contents
Page
Treasury financing operations
Siinmiary
of Federal fiscal operations
Administrative budget receipts and expenditures..
IV
1
2
Trust and other transactions
10
Consolidated cash transactions
15
Account of the Treasurer of the United States....
19
Monetary statistics
22
Debt outstanding
23
Statutory debt limitation
28
Public debt operations
29
United States savings bonds
52
Ovmership of Federal securities
56
Treasury survey of ownership of Federal
securities
58
Market quotations on Treasury securities
63
Average yields of long-term bonds
66
Exchange Stabilization Fund
68
International financial statistics
70
Capital movements
74.
Corporations and certain other business-type
activities - income and expense, and source
and application of funds
99
Cumulative table of contents
145
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditxires, and debt which appear in
Treasury's "Combined Statement of Receipts, Expenditures
the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Daily Statement of the United States
and Balances of the United States Government" and for actual
Treasury" and the "Monthly Statement of Receipts and Expendi-
Government."
tures of the United States Government."
Beginning with the final statement for the fiscal year
Where these state-
ments are given as sources for individual tables, they are
Their respective reporting bases are
cited by name only.
described below.
receipts and expenditures in the "Budget of the United States
For other data in the Bulletin, informa-
tion on sources or reporting bases is given in connection with
the monthly statement reports totals for net budget
I960,
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
the tables themselves.
of certain other payments made by Government agencies to
The monthly statement of receipts and expenditures was
first published for February 1954, and replaced the daily
statement as the primary source of information on budget
results and other receipt and expenditure data classified by
type of account.
At the same time, the daily statement was
the Treasury.
This reporting change was made in accordance
with the plan stated in the President'
January 18, I960.
s
Budget Message of
It does not affect the surplus or deficit.
Figures for earlier periods shown in the Treasury Bulletin
changed to a statement of cash deposits and withdrawals
were revised to the new reporting basis in the September I960
affecting the account of the Treasurer of the United States.
issue.
The interfund transactions deducted under this proce-
Both publications have provided conparative figures on their
d\ire do
not include payments to the Treasury by wholly owned
respective bases from the beginning of the fiscal year 1953.
Government corporations for retirement of their capital stock
The announcement of February 17, 1954, with respect to these
and for disposition of earnings.
reporting changes may be found in the April 1954 issue of the
have been excluded currently from budget receipts and budget
expenditures beginning July
Bulletin.
1,
These capital transfers
1948, and figures for prior
fiscal years back through 1932 were revised accordingly
The monthly statement shows all receipts and expenditures
at
that time.
of the Government, including those made from cash accounts held
outside the United States Treasury.
The information is com-
The daily statement on the new basis was first issued
In the deposits and withdrawals as
piled from reports by the Treasurer of the United States and ty
for February 17, 1954.
all other collecting and disbursing agencies, including those
shown, no distinction is made as to the type of accounts
agencies which maintain checking accounts in commercial banks.
(budget, trust, etc.).
These reports cover transactions recorded in the accounts of
certificates of deposit cleared through the account of the
the agencies during the reporting period.
transactions as compiled from these reports
in the
The net of the
is
reconciled
monthly statement to changes in the balance in the
The deposits are on the basis of
Treasurer of the United States.
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal classi-
Treasurer's account and in cash held outside the Treasurer's
fications shown are reported on the basis of nailed reports
account and changes in the public debt outstanding.
of checks issued and are adjusted by means of clearing accounts
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
by disbursing officers.
Transactions of an interfund or
Intragovernmental nature are included on the same basis
to the total of checks paid.
Except for relatively minor
amaunts, noncash interfund and other intraeovernmental trans-
actions are excluded.
The public debt figures In the daily
statement also are on a "clearance" basis, with the exception
of those Issuance and retirement transactions reported on the
basis of telegrams from Federal Reserve banks.
However,
noncash debt transactions are included.
even though the actual issuance of checks may not be in-
The daily statement before February 17, 1954, covered
Interest on the public debt is included on an accrual
not only transactions cleared through the Treasurer's account
volved.
basis beginning with figures for June 1955 and the fiscal
year 1955.
Prior to that, it was included
payable basis.
on a
due and
The same reporting basis as that in the
monthly statement provides the fiscal year figures for the
but also certain Government agency transactions which
were
handled through commercial bank accounts, and included noncash
interfund and other intragovernmental transactions.
It pro-
vided information similar to that in the present dally state-
January 1967
III
Reporting Bases
-
(Continued)
ment with respect to the status of the Treasurer's account,
Treasurer of the United States.
and similar to that in the present end-of-month daily state-
tures made through the facilities of the Treasury Department's
Beginning with 1947, expendi-
ment with respect to debt issuance, retirement, and amount
Division of Disbursement were on the basis of checks issued,
Receipts and expenditures were classified by type
while certain others, principally those of the Department
of account, and the budget results shown in the daily statement
of Defense and its predecessor organizations, were on the
outstanding.
were used as the basis for reflecting the results under the
basis of checks paid.
President's budget program as enacted by the Congress.
mercial bank accounts, consisting of market transactions
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Treasurer'
s
Expenditures cleared through the
account were reported on two successive bases.
Through 1946 they were on the basis of checks paid by the
Note:
Transactions handled through com-
in public debt and guaranteed securities, were as reported
by the agencies.
Interest on the public debt was included
on a due and payable basis beginning with November 1949
and on a checks-paid basis prior to that time.
Details of figures may not add to totals because of rounding.
IV
Treasury Bulletin
Treasury Financing Operations
9-Month and One-Year Bills
On December 20 tenders were invited for $500 million,
or thereabouts, of 270-day Treasury bills, representing an
additional amount of bills dated September 30, 1966, maturing
September 30, 1967, and for $900 million, or thereabouts, of
365-day Treasury bills, to be dated December 31, 1966, both
series to be issued January 3, 1967.
These issues were to
refund $1 billion of bills maturing December 31 and to raise
$400 million cash.
Tenders were opened on December 27.
Tenders received for the 270-day bills totaled $1,093
million, of which $500 million were accepted,
million of noncompetitive tenders.
including $12
The average bank discount
rate was /4.920 percent.
Tenders received for the 365-day bills totaled $1,665
million, of which $901 million were accepted, including $48
million of noncompetitive tenders.
The average bank discount
rate was 4.820 percent.
13-'Week and 26-Meek Bills
Issues of regular weekly Treasury bills in
December
totaled $11.5 billion, replacing an equal amount of maturing
bills.
There were five 91-day issues of $1.3 billion each
and five 182-day issues of $1.0 billion each.
Average rates
for the new issues are shown in the following table.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
,
January 1967
SUMMARY OF FEDERAL
FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Net
expenditures
Surplus
or
deficit
Net
trust
and other
transactions
Clearing
account,
etc. 2/
1/
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
(-)
(-)
Fiscal years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Net
increase
in
public
debt, or
decrease
Levels, end of period
Balance in
account of
Treasurer
of United
States
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
2/
:
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
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
93,072
104,727
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,507
106,978
-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
-3,435
-2,251
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
96 ,679
110 ,802
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
101,378
118,078
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
-4,699
-7,276
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
151
694
-66
-1,644
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
2,964
3,415
99
679
U7
435
328
231
-194
195
633
-329
-50
-602
436
97
551
426
483
-214
-401
-250
-303
284
522
-523
530
-6
-U5
507
44s
196
741
-978
503
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
5,561
2,633
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
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
12,610
12,407
-423
2,711
7,973
7,777
3,582
2,019
-447
62
1,770
-1,488
603
-635
-117
179
355
622
828
83
1,015
-134
-80
-713
-571
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
6,582
6,011
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
317,274
319,907
20
29
46
52
81
44
74
107
101
111
140
240
444
607
813
590
462
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,864
3?0,369
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
312,164
317,531
320,102
256,026
258,794
266,321
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
318,464
321,078
329,548
:
1962
1963
1964
1965
1966
Months :
1964-Dec
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
-576
328
-4,U1
267,391
275,163
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,940
320,904
329,319
103
104
109
127
156
330
513
742
809
455
495
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
321,359
329,314
256,708
259,a9
24
42
54
76
34
53
8,856
8,773
36
-138
-161
-546
-809
7,295
317,940
809
313,750
313,464
1965-Jan
Feb
Mar
Apr
May
Juae
5,642
7,518
11,188
8,549
7,268
13,404
7,676
7,146
8,139
8,268
8,116
9,070
-2,033
372
3,049
64
193
146
972
-577
-617
377
-1,550
2,197
1,289
5,745
7,942
1,480
1,795
9,231
9,336
10,816
12,610
317,933
319,333
317,697
316,557
319,218
317,274
664
693
719
657
606
21
42
1,900
-2,186
-1,140
2,661
-1,944
318,646
320,575
318,416
317,213
319,323
317,864
318,361
320,290
318,131
316,929
319,540
317,581
July
Aug
Sept
Oct
Nov
Dec
3,807
7,350
10,999
3,295
8,106
9,553
7,240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
1,548
-5,455
-999
126
-57
-1,059
983
294
-792
314
-692
1,658
-1,493
2,154
2,810
-807
-4,124
-858
1,010
-2,852
974
-177
8,486
7,627
8,637
5,786
6,759
6,532
316,582
318,240
316,748
313,901
321,711
320,904
474
502
522
493
465
455
317,056
313,742
317,270
319,394
322,176
321,359
316,773
313,460
316,988
319,113
321,895
321,078
8,809
8,156
10,193
8,362
-2,356
May
June
6,453
8,335
11,297
9,929
8,452
17,151
66
71
88
782
-773
-241
116
-585
896
-480
-31
1,099
1,308
-2,312
-1,416
2,777
-2,452
-1,076
973
-224
453
1,370
4,330
5,506
6,479
6,255
6,703
8,077
12,407
322,003
323,311
320,999
319,533
322,359
319,907
416
435
456
468
466
462
322,419
323,746
321,454
320,051
322,825
320,369
322,138
323,466
321,175
319,772
322,546
320,102
July
Aug
Sept
Oct
Nov
Dec
5,702
7,197
12,475
5,811
7,394
10,606
10,263
11,042
11,883
10,977
10,386
9,512
-175
-287
-94
-627
-4,613
-850
1,666
-2,194
-1,618
1,213
7,794
6,944
8,610
6,417
4,799
6,011
319,280
324,420
324,748
326,888
439
484
319,768
324,904
325,250
327,387
329,906
319,502
324,638
324,984
327,120
329,640
329,548
49,185
64,063
6,011
1966- Jan
Feb
Mar
Apr
Fiscal 1967 to date
9,055
9,439
280
-848
4,335
179
1,104
1,567
-603
7,712
-4.561
-3,845
59
182
-28
156
-45
189
-268
279
-8
244
-5,165
-2,993
1,003
214
56
22Q
750
-1,857
840
617
-1,204
-18
-14,878
-57
-873
5°3
105
5,141
328
2,140
2,523
-92
-b 396
9,412
Source: Figures through fiscal year 1952 and calendar year 1953 are
from the dally Treasury statement, and thereafter from the monthly
statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II). More details for data
on this page are shown in succeeding tables.
1/ Excess of receipts, or expenditures (-). For detail, see pages 10-14For checks outstanding and telegraphic reports from Federal Reserve
2/
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 (-).
,
3/
590
329,319
502
498
495
495
329, 8U
329,319
495
329,
329, ai
3U
329,548
For current month detail, see section on "Statutory Debt Limitation"
The limitations in effect during the
in each issue of the Bulletin.
periods covered by this table and the date when each became effective
are as follows: $275 billion on June 26, 1946; $281 billion on August
28, 1954; $278 billion on July 1, 1956; $275 billion on July 1, 1957;
$280 billion on February 26, 1958; $288 billion on September 2, 1953;
$290 billion on June 30, 1959; $295 billion on July 1, 1959; $293
billion on July 1, 1960; $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 billion on May 29, 1963; $309 billion on July 1, 1963; $315
billion on December 1, 1963; $324 billion on June 29, 1964; $328
billion on July 1, 1965; and $330 billion on July 1, 1966.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
Table
1.
Receipts by Principal Sources
-
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Individual
Fiscal year
or month
Corporation
For old-age,
disability,
Total
income and hospital
insurance
taxes
Not
withheld
1/
3,237
8,020
750
468
1966- Jan
Feb
632
Mar
7,244
2,440
751
8,251
573
Apr
May
June >
July.
,
878
606
4,547
797
580
4,636
.
Aug
Sept
Oct
Nov ...
Dec
.
.
Fiscal year
to date
12,045
. .
2,727
1,038 2/
936
6,259
1,151 2/
2,569
351
173 2/
2,608
277
148
427 2/
less:
Fiscal year
or month
58
165
130
193
224
':,267
6,817
5 668
6,357
,
1965-Deo
.
.
.
.
.
-126
607
2,054
1,520
1,312
536
Aug
Sept...
Oct
Nov ....
Dec
Fiscal year
to date
1,100
.
. .
107
35
354
45
228
28
754
800
948
1,123
1,008
1,171
1,241
1,284
1,478
1,311
64
2
1
1
1
1
10,281
140
386
10 807
1,007
1,038
1,133
921
1,104
1,149
6,545
11,922
15,066
12,514
13,187
19,642
136
129
168
151
158
172
456
7,137
12,432
15,701
13,072
13,746
20,817
215
7,463
9,960
U,109
6,999
9,161
11,822
158
179
170
170
179
161
373
214
206
196
204
971
1,249
1,156
1,065
1,212
1,110
6,762
59,514
1,017
3,426
Federal OldAge and Survivors Insur
ance Trust
Fund 4/
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
16,474
698
491
328
228
224
1,258
Federal
Disability-
Insurance
Trust Fund
A/
Federal
Hospital
Insurance
Trust Funri
333
863
337
929
953
1,U2
2,940 2/
2,217
Retirement
Accounts
Unemployment
Trust
Fund
381
467
408
401
1,003
U7
555
740
479
832
315
161
151
50
280
220
31
9,553
73
16
6,453
8,335
11,297
9,929
8,452
17,151
6
64
1
302
286
359
361
5
49
52
4
2
,870
13
1
138
138
13
1
357
40
206 2/
144
100
202
144
100
147
127 2/
112
64
10
112
67
1
527
354
51
53
341
325
853
378
8,716
Source: Figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II).
63,957
309
320
75
465
636
683
343
453
945
347
615
1,384
1,142
7,993
10,586
14,833
7,910
9,819
12,815
635
12
93
62
20
107
571
564
572
593
2,092 2/
1,009
1,461
1,329 2/
,
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
104,727
467
567
355
694
654
633
513
664
221
1,U0
83,675
83,974
83,904
96,962
99,491
103,818
111,602
117,622
120,535
136,556
Deduct;
InterNet
fund
budget
transreceipts
actions.
1/
561
607
862
Highway
Trust
Fund 4/
1,479
2,026
2,074
2,539
2,798
2,949
3,279
3,519
3,659
3.917
1-;
575
525
52
215 2/
155
104
285 2/
216
Piailroad
(
945
994
1,057
1,082
2,^
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,865
Transfers of tax receipts to -
Less:
100
2,182
1,666
1,142
1,220
292
207
272
10,325
378
3,976
4,598
5,114
5,238
5,976
6,266
6,571
7,148
6,030
7,256
238
1,793
1,220
1,868
1,655
2
13
112
64
10
112
67
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
128,880
198
158
212
185
168
33
Total
budget
receipts
1,674
2,614
3
2
7
4
^
Total
refunds
Miscellaneous
receipts
10,638
10,814
10,760
11,865
12,064
12,752
13,410
13,950
14,793
13,398
,
75
466
107
64i
2,057
1,526
1,321
539
32
323
218
187
154
206
174
161
July.
12
93
62
20
105
278
269
297
20
18
23
18
25
29
101
.
Other
10,440
Trust A/
accounts
3,894
4,413
4,907
5,024
5,725
5,957
1966- Jan
Feb
Mar
Apr
May.
June
40,669
Internal revenue
applicable to
Customs
1957
1958
1959
i960
1961
1962
1963
1964
1965
1966
636
684
1,660
2,500 2/
1,728
1,209
1,755
1,588 2/
Refunds of receipts
Budget
accounts
571
564
572
594
4,603
3,374
5,095 2/
5,873
10,947
3,792
4,508
3,434
5,884
5,155
3,791 2/ 8,853
24,641
3,983
607
336
2,559 2/
1,972
1,296
3,505 2/
2,653
Customs
1,373
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
3,094
7,581
8,644
8,854
11,159
12,502
12,708
15,004
17,003
17 104
23,256
330
336
324
341
345
458
948
851
622
567
575
525
4,822
1,412
5,948 2/ 7,559
11,620
3,440
9,781
1,082
6,238 2/ 8,140
4,726
15,546
Total
internal
revenue
423
3,117
2,040
1,320
3,615
2,719
52
26,728
27,041
29,001
31,675
32,978
36,246
38,719
39,259
36,840
4,315
1965-Dec
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
Estate
and
Excise
gift
taxes
taxes
803
6,634
7,733
8,004
10,211
11,586
11,686
13,484
15,588
15,846
19,005
616
42, 8U
60,560
59,102
58,826
67,125
67,918
71,945
75,324
78,891
79,792
92,132
21,531
20,533
18,092
22,179
21,765
21,296
22,336
24,301
26,131
30,834
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
Total
employemployment
ment
insurance taxes
For un-
For railroad retirement
U7
132 2/
1
1
371
2
356
31
5,702
7,197
12,475
5,811
7,394
10,606
2,306
501
49,185
1/ Beginning February, 1966 includes hospital insurance.
Remaining footnotes on folloidng page.
. .
.
,
.
January 1967
.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
Table
2.
-
Detail of Miscellaneous Receipts by Major Categories
fin millions of dollars)
Fiscal year
or month
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
Total
628
745
438
674
506
1,111
805
743
860
984
1,393
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,865
1961
1962
1963
1964
1965
1966
1965-Deo
.
1966- Jan..
Feb..
Mar..,
Apr
May.
June,
.
July.
Aug..
Sept.
Oct..,
Nov.
Dec...
.
Fiscal 1967
to date ..
765
955
,077
847
386
1957
1958
1959
I960
94
85
17
eries and
reftinds
Royalties
1,076
752
496
359
266
322
343
114
182
154
200
130
132
132
34
11
12
7
-10
21
14
323
323
587
436
1,012
601
967
942
877
1,731
467
408
401
1,003
118
120
123
109
125
124
134
373
447
555
50
381
17
21
14
740
479
832
171
142
158
146
155
152
3,426
683
893
337
6
121
124
Seigniorage
1/
49
160
53
54
57
81
161
62
101
101
44
53
55
58
427
494
45
69
117
649
39
37
69
37
60
48
71
66
94
14
11
11
13
110
118
128
127
437
79
48
87
27
6
13
11
17
32
-20
111
100
70
83
105
5
10
12
30
6
14
134
56
237
41
61
14?
6
47
21
77
78
71
77
78
10
401
6
21
11
3
-18
54
57
12
99
9
12
13
69
3
244
11
13
62
24
62
29
37
47
45
418
104
44
382
245
23
3«
Footnotes to Table
Includes adjustments as follows: Income taxes not withheld, February
-$^ million, May -^$98 million, August -$1, million, and December '$/^
million; income taxes withheld, February +t7^ million. May -$122 million,
August -$56 million, and December -$1^9 million; transfers to Federal
Old-Age and Survivors Insurance Trust Fund, February -$73 million, May
+$23 million, August +$56 million, and December +$133 million; transfers
to Federal Disability Insurance Trust Fund, February +$2 million. May
+$2 million, August +$4- million, and December -^13 million; and transfers
to Federal Hospital Insurance Trust Fund, December +$7 million.
51
2/
i/
74
109
235
8
11
5
1
10
12
14
7
1
6
1
9
5
10
11
14
10
10
40
10
134
6
5
7
9
8
12
-14
1
-2
14
-13
1
6
12
7
1
9
14
11
17
43
25
1
-19
2
9
1
11
110
1
36
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
Consists of miscellaneous taxes (principally the tonnage tax on
foreign vessels entering U. S. ports), bullion charges, gifts and contributions, and undistributed proceeds, sale of foreign currency.
2/
1
Other 2/
8
12
133
33
32
Fines,
penalties
and forfeitures
20
23
23
16
62
128
93
31
Rents
28
86
93
325
94
89
48
61
331
431
132
208
Fees and
other
charges
for
services
etc
59
94A
131
Fees for
permits
and
licenses
49
44
140
56
63
371
312
304
350
374
330
342
370
409
387
345
325
392
343
263
263
79
90
93
96
114
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.
1/ Beginning October 1965 certain accounts representing profits from
2/
Sale of
Sale of
Governprodment
ucts
property
115
456
Recov-
-
(Continued)
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.
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).
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1953
'55
'63
'65
'67
SourcBi Intarnal Revenue Service collection reports and Monttily Statement of Receipts and expenditures of the U. S. Government. For explanation of difference in
reporting basis from budget receipts ttirough 1954, see the Treasury Bulletin for July 1962, p. 80, and in the Annual Report of the Secretary of the Treasury
for 1962, p 599.
* Beginning with the fiscal year 1955, includes undistributed depositary receipts and unapplied collections.
t Included in "Excise Taxes" above. Current year collections of "Alcohol and Tobacco Taxes " and preceding year comparable periods (derived from Internal
Revenue Service collection reports), lag behind total excise tax figures by one month.
Offlca or
the
S«nu>y
of Die
Iruxiy
B-I65-W
. .
. .
.
.
,
.
,
January 1967
.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
3.
-
Expenditures by Agencies
(In millions of dollars)
Defense Department
Fiscal year
or month
Legislative
Branch
97
99
118
126
13i
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
153
U7
,
152
165
1S5
Executive
Judi- Office
ciary of the
President
10
11
56
56
70
29
23
23
2i
39
47
49
52
57
62
65
7i
79
26
Funds
appropriated
to the
President
4,115
4,081
4,109
1,764
1,808
2,053
3,968
4,119
4,307 3/
4,324
1965-December.
Health,
Education,
and
Welfare
Department
Commerce
Depart
Military
ment
culture
Department
562
5,006
4,875
7,091
5,419
5,929
6,669
7,735
7,897
7,298
5,949
498
594
676
686
758
730
38,439
39,062
41,233
42,824
44,677
48,205
48,252
49,760
46,173
54,409
645
382
539
Housing
and Urban
Development
Department
Interior Justice
Depart- Department
ment
Labor
Department
639
733
807
902
971
999
1,128
1,153
1,234
1,309
2,295
2,645
3,092
3,403
3,685
4,215
4,909
5,498
5,740
7,669
-23
199
1,152
309
502
739
410
323
250
767
572
666
751
690
801
908
1,029
1,124
1,205
1,331
214
229
250
258
284
294
317
328
358
371
Post
Office
Department 1/
418
567
1,016
518
674
774
549
831 2/
620
257
370
480
503
525
914
797
770
578
805
367
603
57
4,789
129
600
233
136
39
67
84
1966- January. .
February
March. . .
April. ...
18
255
-93
291
166
-58
-66
23
-168
18
662
613
918
752
744
642
144
110
16
115
79
102
99
110
66
30
29
June^ ....
4,411
4,198
5,246
4,766
4,559
5,945
94
104
87
May
359
443
279
368
659
62
73
-24
72
65
60
51
10
12
18
559
334
418
68
43
64
48
93
43
78
77
July
August
September
October.
November.
December.
10
82
63
123
133
135
149
133
116
909
765
900
767
702
771
616
-122
74
124
143
58
71
4,661
5,353
5,725
5,285
5,262
5,695
413
31,981
787
4,813
543
55
20
367
286
385
25
-24
486
1,475
1,042
1,086
368
269
1,700
4,725
25
.
Fiscal 1967
to date
307
378
-152
256
16
11
,
107
a
13
W
48
93
Treasury Department
Fiscal year
or month
Atomic
Energy
Commission
Interest
State
DepartOn
On
ment
public
refunds
debt
of taxes
V
179
1961
1962
1963
1964
1965
1966
7,2U
57
206
272
247
258
307
408
347
383
407
1957
1958
1959
1960
7,607
7,593
74
9,180-
76
8,957
9,120
9,895
10,666
11,346
12,014
83
1965-December,
33
13
32
32
29
1,035
976
1,035
1,013
1,025
1,068
77
104
1,005
1966-January
February.
March.
April
May
June
74
.
.
. .
July
August
September
,
October.
November.
December.
Fiscal 1967
to date
24
31
70
28
50
40
53
41
283
1,091
1,064
1,086
1,098
1,100
1,160
6,599
748
765
2,178 2/
875
987
985
1,059
1,193
1,306
1,342
102
9
115
6
8
6
6
10
15
11
10
9
62
760
1,990
2,268
2,541
2,623
2,713
2,806
2,758
2,765
2.625
2,403
185
Federal
Aviation
Agency
31
31
31
38
30
357
287
-354
135
171
121
126
130
143
39
70
66
71
86
71
86
1,294
826
205
449
510
National
Other
General
Veterans'
AeroindeServices
nautics
Adminispendent
AdminiS'
and Space tration
agencies
tration
Adm.
87
101
127
27
District
of
Columbia
6/
34
31
33
Deduct:
InterTotal by fund
agencies transactions
2/
52
70
Net
budget
expenditures
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
Table
4.
-
Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
,
.
January 1967
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
5.
-
Summary
of Appropriations and Authorizations, Expenditures and Balances, by Agencies,
as of November 30, 1966
(In millions of dollars; negative figures are deductions in the columns in which they appearj
Additions, fiscal year 1967 to date
Agencies
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
Civil
Unexpended
balances
brought forward
July 1, 1966 1/
Increase
Appropriations
2/
217
89
29
5,037
7,952
1,274
59
7
5
17,930
6,295
l,i09
a, 368
59,
492
217
89
29
5,037
8,513
1,173
69
-101
5,727
15,167
1,083
59,
1,377
10,971
1,452
1,554
394
638
785
395
14,280
2,199
974
75
656
547
139
3a
1,522
619
660
2,593
2,120
U7
1,377
10,971
1,723
1,586
394
638
785
395
14,280
2,199
974
-55
6
326
26
595
595
123
4,968
6,305
1,272
91
4,968
6,305
1,283
91
121,996
U,235
11
Agencies
Expenditures
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
Housing and Urban Development Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
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
Rescissions,
cancellations
and other
adjustments 6/
82
Net budget expenditures
122 , 770
Unexpended balances November 30, 1966
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts 2/
Unfunded
contract
authorizations
Investments
held
2/
184
60
35
11
23
1,726
4,456
343
15,193
2,668
2,135
26,312
669
-17
4,042
1,648
683
166
73,820
1,185
17
12,550
3,061
1,839
50
21
302
931
869
293
8,481
2,757
1,224
917
5,192
5,491
2,272
162
74
141,636
363
463
242
6,140
964
369
339
2,369
2,520
1,076
30
-10 8/
6,049
6,448
1,236
97
385
10
31
100
3,175
122
205
10,559
11
210
1,550
31,469
5,134
2,603
8,168
838
10
55,021
Interfund transactions
-70
844
Deductions, fiscal year 1967 to date
42L.
54,551
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."
1/ 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.
Consists of authorization by law for Government-owned enterprises to
2/
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
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
U
Total
113,169
Total
Deduct:
Other authorizations 4/
U7
488
Undistributed foreign transactions
Health, Education, and Welfare Department
Housing and Urban Development Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
Authorizations
to expend from
debt receipts 2/
^
6/
7/
8/
*
Consists of appropriation transfers between agencies.
Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority and
contract authority; 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
Government
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
Table
6.
-
Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1967 through November 1/
Function
code
number
National defense :
Department of Defense-Military
Military assistance
Atomi c energy
Defense-related activities
1962
1963
1964
1965
1966
Expenditures
Unexpended
balances end
of period 2/
Total national defense
54,409
968
2,403
-62
26,295
245
172
46,173
1,229
2,625
136
964
-26
74,222
2,378
2,757
333
54,181
50,163
57,718
27,470
79,689
297
1,479
207
1,704
346
2,094
197
1,726
346
1,826
201
1,779
223
315
864
227
1,641
1,594
201
1,262
93
453
203
21,914
286
1,164
4,301
051
057
058
059
4,151
3,687
4,304
4,000
2,010
23,566
46,815
1,390
2,806
92
1,721
2,758
24
51,103
International affairs and finance
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
49,760
1,485
2,765
:
151
249
152
153
15i
2,130
Total international affairs and finance
1
,
Space research and technology
251
1,257
2,552
4,171
5,003
5,933
2,36Q
5,192
Agriculture and agricultural resources:
Farm income stabilization 2/'
Financing farming and rural housing
Financing rural electrification and rural telephones.
Agricultural land and water resources
Research and other agricultural services 2,^
351
352
353
35i
355
234
303
367
4,144
251
414
3,438
268
392
341
457
2,120
160
373
348
497
3,068
-98
341
3,954
300
342
324
391
240
5,183
724
1,555
509
467
4,338
5,311
5,475
4,898
3,498
3,554
8,438
1,623
280
68
81
94
60
1,779
1,832
332
1,922
374
105
120
134
94
2,118
406
103
130
152
1,117
270
2,866
426
106
2,206
2,431
2,563
2,750
835
658
875
728
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
Total natural resources
401
i02
403
405
409
,
Commerce and transportation;
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
501
502
503
505
506
507
508
91
105
130
94
112
73
73_
52
55
83
46
163
339
62
3,003
1,623
3,962
879
708
393
315
50
463
89_
99
57
44
3,4°9
2,980
1,585
5,640
-595
149
306
-818
230
420
64
-479
233
445
903
100
506
75
32
12,271
1,760
6,718
176
-67
-80
-104
274
1,542
20,925
1,233
591
2,331
1,511
224
2,631
882
464
2,786
2,827
211
1,004
367
1,726
382
423
466
513
1,870
500
3,566
1,018
736
609
381
5,139
937
1,997
1,979
838
5,475
•>,soe
4,086
10,891
33
797
427
770
366
7
74
101
84
2,843
-149
161
261
74
39
39
55
578
401
401
91
805
557
398
888
204
002
-537
178
222
70
34'='
Total commerce and transportation
173
170
1,285
1,092
594
869
1,012
722
66
672
41
2,774
f
Housing and community development
Aids to private housing jj
Public housing programs
Urban renewal and community facilities
National Capital region
781
654
303
71
342
324
3
,
U7
264
:
Total housing and community development
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance ^/
Economic opportunity program
Other welfare services
^
,
,
551
552
553
555
,
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance
Assistance
Assistance
Other aids
4,53s
for elementary and secondary education 6/
for higher education 6/
to science education and basic research.
to education 6/
701
702
703
Veterans' benefits and services:
Veterans' service-connected compensation 7/'
Veterans' nonservice-connected pension 7/.
Veterans readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services 2''
^
Total veterans' benefits and services
Footnotes at end of table.
345
1
,
804
805
392
428
206
21Q
404
383
310
241
418
413
309
405
1,225
831
368
411
596
493
189
242
1,831
3,376
891
1,244
1,33a
1,5U
2,834
1,521
6,971
2,017
2,116
1,698
-13
1,145
240
2,158
1,743
2,176
1,864
-50
1,270
4,214
1,666
2,923
1,635
388
1,084
279
258
543
235
-601
1,318
155
61
1,504
1,139
353
5,403
801
802
803
337
350
183
207
1,076
704
Total education
'
1,878
5,186
5,492
5,495
5,087
2,527
5,919
(Continued on following page)
113
1,229
249
872
January 1967
.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
Table
6.
-
Expenditures and Balances by Functions- (Continued)
(Fiscal years; in millions of dollars)
10
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table
1. -
Summary
of Trust and Other Transactions
{In millions of dollars)
January 1967
11
.TRUST AND OTHER TRANSACTIONS
Table
3,
-
Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS
Table
4.
-
Investments in Public Debt and Agency Securities (Net)
(In millions of dollars;
negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total
1/
2,339
597
-1,130
925
855
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
-V93
2,069
2,775
2,356
3,562
2,302
506
-1,232
760
707
301
1,782
2,412
2,327
3,358
220
-499
-1,290
-726
-225
-1,089
-821
692
461
-857
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
325
729
552
494
285
Railroad
Retirement
Accounts
264
-73
National
UnemployService
ment
Life
Trust
Insurance
Fund
Fund
,011
-41
-9 '.2
21
-129
-139
-263
-413
14'-.'
qii7
1^4
786
1,468
-935
1965-Deo
1966- Jan
Feb
Mar
Apr . . .
May....
June .
-968
-596
-151
-35
-1,937
1,721
-20
-1,210
4,015
2,267
-1,499
888
-58
-869
2,322
482
-129
68
-174
346
-186
-129
864
.
Sept.
.
.
.
.
Fiscal 1967
to date ....
q?
76
62
-44
44
-90
69
126
204
Government
Life
Insurance
Fund
-16
-56
-17
-21
-35
-44
-25
-22
-22
-21
-12
-1,897
1,7^9
2
-1,170
4,023
2,319
3
149
143
-76
172
-14
55
-73
-40
18
-92
250
189
11
562
-2
-76
711
-2^
-7 b
-108
-78
-55
-43
31
-9
-16
-4
-14
-17
126
119
207
913
-61
-22
37
81
203
124
U2
101
12
39
-698
989
166
-702
953
162
1,367
-147
-577
412
-152
-39
3,370
3,189
-IQ
•'41
803
671
958
871
1,063
1,034
1,075
1,126
1,214
1,113
-6
-4
-6
-5
-7
64
30
46
31
26
31
535
-5
-84
-390
3,064
104
-11
Federal
employees'
retirement
funds
Other
Highway
trust
Trust
ccounts
Fund
etc.
404
418
-393
-428
233
202
242
-69
-344
-28
47
-5
-5
-5
58
101
29
54
31
-30
320
1/
127 2/
-24 2/
-3 2/
45
27
93
301
70
-32
462
-25
40
-4
-5
-9
-9
-9
181
44
29
44
24
-10
-13
-333
3,103
July.
Aug
Oct
Nov
Dec
Federal
Total
Old-Age and
trust
Survivors
accounts,
Insurance
etc. 1/
Trust Fund
43
'
'
January 1967
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 guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
Total
guaranteed
-1,171
1957
1958
1959
I960
-33
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
-/.GO
1966-January
February
March
April
May
June
,
Fiscal 1967 to date.
40
-19
40
-19
-341
July
August
September
October
November
December
6
-10
-29
-100
-204
-162
-206
223
129
-265
-260
1962
1963
1964
1965
1966
-21
-21
-732
-1,070
-813
-13
-13
3
3
4
4
-297
-470
-22
-130
-27
-27
55
-81
-204
-162
-206
223
129
stadium
fund
-19
Public enterprise funds
Total not
guaranteed
V
-1,137 3/
-406
-1,283
-1,717
638
-1,576
-860
-1,674
-1,595
-4,206
-305
-241
-321
-720
-1,072
-817
5
5
-270
-475
-18
-18
4
-134
4
4
4
-3
52
-767
-767
-1,630
D. C.
-33
6
-10
-28
-1,293
-1,746
537
-1,780
-1,022
-1 ,880
-1,372
-4,077
1961
Home
Owners
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
-33
-33
-1,597
Federal
National
Mortgage
Association 2/
-233
6
Home
Owners
Loan
Corporation
Treasury Bulletin
u
.TRUST AND OTHER TRANSACTIONS.
Table
6.-
Interfund Transactions Excluded from
Both Net Trust Receipts and Trust Expenditures
(In millions of dollars)
Federal
Old-Age and
Survivors
Insurance
Trust Fund l/
Fiscal year
or month
Federal Disability
Insurance
Trust
Fund 1/ 2/
Federal
Supplementary
Medical
Insurance
Trust Fund
Railroad
Retirement
Accounts
Unemployment
Trust
Fund
^
1/V
Federal
employees'
retirement
funds
Alien
property
activities 7/
District
of
Columbia
2/
10
11
135
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
908
515
528
505
521
638
770
1965-Deceniber
124
600
332
361
423
403
436
444
3
9
10
10
12
12
13
15
17
211
132
101
38
35
58
41
1
f,
13
22
22
27
32
86
32
37
9
47
90
92
10
142
8
8
1
2
26
1
2
5
22
28
444
July
August
September
October
November
December
34
74
33
53
72
50
49
71
43
42
1
43
45
3
Fiscal 1967 to date
349
259
28
Source: See Table 1.
1/ Payments are made between the Railroad Retirement Account and
Federal Old-Age and Survivors, Federal Disability and Federal Hospital
insurance trust funds so as to place those funds in the position in
which they would have been if railroad retirement employment had been
included under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Premiums deducted from benefit payments from Federal Old-Age and Survivors and Federal Disability insurance trust funds and Civil Service
and Railroad Retirement accounts.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the account
48
1
2
2
19
25
5
2
2
23
V
6/
7/
S/
,
^
2
24
7
543
If
24
30
1966-January
February
March
April
Hay
June
5
2
<
2
2
48
13
is insufficient to meet payments of benefits and refunds due or to
become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 4.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Transfers to the Foreign Claims Settlement Commission.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund, advances to National Park Service, advances to Smithsonian
Institution and advances to National Capital Planning Commission.
Less than $500,000.
15
January 1967
.CONSOLIDATED CASH TRANSACTIONS.
Consolidated cash transactions reported in the Treasury
from expenditures currently, but are added later when actual
These items consist of certain interest
Bulletin are on a basis consistent with Federal receipts from
payments are made.
and payments to the public as derived in the Budget of the
accrued on the public debt and expenditures Involving the
Checks
United States (in the Budget for 1967 in Special Analysis A).
issuance of a few special public debt securities.
Shown also is the amount of net cash borrowing from, or repay-
outstanding, deposits in transit, and other clearing accounts
ment of borrowing to, the public.
Revisions of the figures
for earlier years have been made where necessary to make them
as nearly comparable with current Budget classifications as
available data will permit.
For this reason certain of the
are excluded from payments.
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 by the Treasury through public
figures differ somewhat from those published in previous
debt transactions and also net borrowing by Government agencies
Budget documents as well as in the Bulletin.
and Government- sponsored enterprises through sales of their
This series of cash transactions is designed to provide
own securities.
It excludes changes in the public debt which
The
information on the flow of money between the public and the
do not represent direct cash borrowing from the public.
Federal Government as a whole, and therefore includes trans-
net effect of all these transactions with the public is re-
actions not cleared through the account of the Treasurer of
flected in changes in the balance in the Treasurer's account
the United States.
Receipts and payments include transactions
and in cash held outside the Treasury.
both in administrative budget accounts and in trust and deposit
Seasonally adjusted summary data are shown in table 3.
Major intragovemmental transactions which are
The adjusted data have been derived by applying a seasonal
reported as both expenditures and receipts are excluded from
adjustment formula developed by the Bureau of Census, Depart-
fund accounts.
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
ment of Coimnerce.
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
Fiscal year
or month
Administrative budget
receipts
(net)
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Trust
receipts
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Feieral payments to the public
Less:
Total
Federal
receipts
from the
public
Administrative budget
expenditures
Trust
expenditures (net)
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Total
Federal
payments
to the
public
Equals:
Excess of cash
receipts from,
or payments
to (-), the
public
70,562
68,550
67,915
77,763
77,659
81,i09
86,376
89,459
93,072
104,727
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31,047
34,853
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,420
-5,100
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
134,480
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,507
106,978
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
2Q,617
34,864
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,749
-4,026
1965-December
9,553
1,935
-650
10,838
9,426
2,636
-942
11,121
-283
1966-January
February
March
April
May
June
6,453
8,335
11,297
9,929
3,452
17,151
951
4,181
2,745
2,215
5,812
4,796
-313
-116
-238
-290
-348
-1,556
7,091
12,400
13,804
11,853
13,916
20,391
8,809
8,156
10,193
8,362
°,055
3,048
2,621
2,996
3,335
3,632
3,531
-624
486
-1,103
-372
11,233
11,264
12,086
11,325
12,821
12,053
-4,142
1,136
1,718
5,702
2,837
-436
8,103
10,263
7,197
12,475
5,811
7,394
10,606
4,973
2,681
2,069
3,717
3,033
-407
-408
-357
11,042
11,883
13,977
10,386
9,512
12,927
15,206
13,150
12,604
-4,824
-3,442
1,598
-5,080
-413
-794
11,764
1^,748
7,523
10,698
12,845
3,642
2,627
2,65;
2,684
2,617
3,403
13,654
12,545
-2,955
49,185
19,310
-2,814
65,681
64,063
17,627
,
July
August
September.
October
November
December
. .
Fiscal 1967 to date
Plus:
9,439
Public
debt increase, or
decrease (-)
265
260
341
732
1,070
813
1,897
-1,749
-2
1,170
-4,023
-2,319
3,261
-181
-1,973
486
-<.27
297
470
333
-3,103
22
130
-55
-142
698
-989
-166
5,U1
.
.
.
,
to date
328
2,14;
2,523
-92
9,412
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
1,372
767
1,633
Noncash
debt
transactions
(See Table
decrease (-)
1,099
1,303
-2,312
-1,416
2,777
-2,452
5,561
2,633
1%7
Total
securities
held by
the public,
increase, or
4,077
9,230
7,659
5,853
1966-January
February ....
March
Apri 1
May
June
Fiscal
Net in-
vestment
in securities by
Governmen+
agencies 2/
-3,392
5,619
10,785
2,446
1,248
5,316
8,3i3
1,625
2,640
July
August
September.
October..
November. .
December .
Met sales
of Government agency
securities in
market 1/
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
-3,562
-2,224
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
134
-918
-978
1,537
-1,388
-1,056
651
-370
10 ,"517
6,612
4,958
4,578
Total
cash
borrowing
from the
2)
public,
or repay-
iorage
Treasurer"* s
account
ment (-)
292
200
-2,160
-597
-536
-923
-1,033
-1,099
-250
-530
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,859
4,328
2,618
59
44
53
55
58
45
69
117
649
528
1,095
8,338
299
-14,404
Cash balances,
Equals:
net increase, or
decrease (-)
Plus:
Seign-
2/
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,802
-2,696
-3,337
80,085
-1,605
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Fiscal year
or month
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
137,817
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
Cash held
outside
the
Treasury
140
-23
-4
-222
118
-74
206
174
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
-84
-74
132
1,749
-71
-177
3, US
-31
-259
-l.O?*^
171
-3,958
-66
45
3,177
-255
-1.924
486
-243
-3,913
2
-65
-63
21
2,507
-130
-113
2,377
89
2,935
77
78
71
-4.613
-850
1,666
-2,194
1,345
776
77
78
-1,618
1,213
431
-6,396
207
2,969
1,479
538
50
-34
-134
267
-213
-^,459
60
48
71
66
94
143
973
-224
453
1,370
4,330
-149
.
January 1967
17
.CONSOLIDATED CASH TRANSACTIONS
Table
2.
-
Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement
Fiscal year
or month
Interest
on trust
fund
investments
1957
1958
1959
I960
1961
1962
1963
196i
1965
1966
Payroll
deductions
for employees
641
660
744
744
838
,318
342
315
,327
,404
,423
,467
,603
759
,894
1965-December
,042
,088
83
83
102
124
74
102
158
133
103
105
792 4/
898
559
357
256
45
69
117
64^
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
4,420
5,100
650
561
49
59
44
53
55
58
25
53
602
48
2
17
85
10
27
253
68
166
224
254
1,413
60
101
37
-191
-50
10
10
16
195
6
50
3
46
67
456
91
99
94
93
101
°S
91
99
30
15
93
101
98
5
117
49
67
416
330
330
286
94
11
59
336
716
576
63
538
2,413
6
6b 1
576
5
-2
8
Total
receipts
adjustments
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,190
4,303
4,451
87
72
Fiscal 1967 to date
744
744
838
845
914
973
1,042
1,089
Seigniorage
1/
103
86
101
87
42
64
1,168
.
66
37
75
54
Other 2/
Noncash
debt
transactions
relating
to receipts
87
11
.
525
579
Federal
payments
to District
of Columbia
103
86
100
87
85
101
349
1966-January
February
March
April
May
June
July
August
September.
October
November
December
914
973
845-
Employers'
share
1'
Ireasury bulletin
18
CONSOLIDATED CASH TRANSACTIONS.
Table
3.
-
Federal Receipts from and Payments to the Public
Seasonally Adjusted and Unadjusted
(In millions of dollars)
Receipts from the Public
Payments to the Public
Excess of Receipts
or Payments (-}
Calendar quarter
Adjusted
Unadjusted
Adjusted
Unadjusted
Adjusted
3rd.
4th.
20,820
21,403
21,172
20,616
24,617
24,846
18,653
16,404
20,792
20,947
20,919
20,663
21,574
21,099
20,909
28
456
253
-47
1958
Ist.
2nd.
3rd.
4th.
20,509
20,088
20,299
20,444
23,618
23,219
18,274
16,618
20,652
21,296
23,4A1
23,412
19,626
21,840
23,734
23,750
-143
-1,208
-3,142
-2,968
1959
1st.
2nd.
3rd.
4th.
20,222
20,923
23,273
23,474
22,628
24,141
21,364
19,420
24,024
23,962
24,005
5U
22,764
24,503
24,375
23,917
-3,802
-3,039
-732
-40
21,958
24,079
24,156
24,540
434
1,066
1,352
560
1957 - 1st.
2nd.
23,
19,8U
1960
1st.
2nd.
3rd.
4th.
23,667
24,701
25,034
24,665
25,776
28,519
23,352
20,640
23,233
23,635
23,682
24,105
1st.
2nd.
3rd.
4th.
23,227
24,614
24,788
25,298
24,758
28,491
23,381
21,289
24,802
27,025
26,117
26,628
23,402
27,44A
26,715
27,173
-1,575
1961
1962 - l3t.
2nd.
3rd.
4th.
24,971
26,652
27,434
27,262
26,214
30,981
26,029
22,982
27,540
27,498
27,795
28,954
25,923
27,851
28,502
29,599
-2,569
-846
-361
-1,692
1963 - 1st.
2nd.
3rd.
4th.
27,069
27,911
28,699
29,113
28,178
32,551
27,304
24,543
28,209
28,847
30,127
29,881
26,519
29,130
30,952
30,619
-1,140
-936
-1,428
-768
1964 - 1st.
2nd.
3rd.
4th.
29,251
28,582 1/
28,401
28,847
30,321
33,362
27,035
24,312
30,597
29,815
30,039
29,828
28,706
30,054
30,913
30,599
-1,346
-1,233
-1,638
-981
1st.
2nd.
3rd.
4th.
29,724
32,646 1/
30,646
30,685
30,669
37,683
29,175
25,849
30,165
32,395
32,104
33,098
28,270
-441
251
-1,458
-2,413
1966 - 1st.
33,684
39,649 1/
36,339
36,802
33,295
46,160
34,614
31,066
36,908
35,983
40,041
37,820
34,583
1965
2nd.
3rd.
4th.
32,
6U
33,085
33,951
-2,ai
-1,329
-1,330
•
.
,
.
.
January 1967
19
J^CCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
the same bank.
The account of the Treasurer of the United States re-
On occasions, to the extent authorized by the
flects not only budget receipts and expenditures but also
Treasury, banks are permitted to deposit in these accounts
trust, deposit fund, and public debt transactions.
proceeds from subscriptions to public debt securities entered
The working cash of the Treasury is held mainly in
for their own account as well as for the account of their
customers.
Treasurer's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted, they are
The tax and loan account system permits the Treasury to
transferring) funds from the tax and
leave funds in banks and in the communities in which they arise
loan accounts with thousands of commercial banks throughout
until such time as the Treasury needs the funds for its opera-
the country.
tions.
restored by calling in
(
In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
economy
banks whereby customers of banks deposit with them tax pay-
A detailed description of the Treasury's depositary system
ments and funds for the purchase of Government securities.
may be found in the Annual Report of the Secretary of the
In most cases the transaction involves merely the transfer of
Treasury for 1955, pages 275-28/;.
money from a customer's account to the tax and loan account in
Table
1. -
Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal year
or month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
498
410
4,082
8,218
535
504
3,7U
Gold
balance
in
Treasury
408
612
806
939
672
766
6,458
5,453
8,815
10,324
9,180
10,689
10,050
489
401
101
106
109
121
120
120
108
102
1965-December.
708
4,577
1966-January
February
March.
April
May
June
823
805
521
512
902
766
3,360
4,399
4,444
4,491
6,003
10,050
1,232
5,147
1,6U
4,0U
760
809
299
416
6,415
4,181
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
.
.
.
July
August .
September
October.
N ovember
December.
.
3,oa
4,096
Total
operating
balance
Silver
balance,
coinage
metal,
coin, and
Unclassified
collections,
etc.
ciirrency
UO
93
9,548
11,251
10,238
11,469
10,917
107
5,392
558
129
105
105
108
105
102
102
4,288
89
5,309
5,074
5,107
7,007
10,917
586
586
570
572
612
775
102
112
112
113
125
118
6,481
5,740
7,287
5,103
3,465
4,629
772
751
782
839
845
879
5,969
Source:
Daily Treasury statement,
Includes reserves and other deposits of the Board of Trustees, Postal
1/
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Treasurer's checks outstanding are included
In other
Total
depositaries assets
302
287
273
337
222
303
342
234
233
370
190
259
306
253
179
147
136
145
534
775
5,069
9,030
4,380
7,068
In Federal
Reserve
Banks in
process of
collection
37
49
63
58
365
429
375
335
6,037
9,990
Balance in
Liabilities account of
1/
Trea surer
of United
States
447
240
100 2/
87
75
5,590
9,749
5,350^
Ul
5,451
8,092
6,769
10,509
313
360
320
252
12,116
11,036
12,610
12,407
8,005
6,694
10,430
12,116
11,036
12,610
12,407
247
257
6,582
6,582
87
158
34
64
93
234
216
217
647
182
370
310
281
236
347
212
252
5,506
6,479
6,255
6,708
8,077
12,407
5,506
6,479
6,255
6,708
8,077
12,407
102
69
30
42
42
230
176
273
225
260
209
208
239
207
187
45
275
183
7,794
6,944
8,610
6,417
4,799
6,011
7,794
6,944
8,610
6,417
4,799
6,011
64
70
74 2/
58
55
2/
2^
79
through June 1958, after which they are included in the balance in
the Treasurer's account.
(See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid.
Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
Treasury Bulletin
20
.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table
2.
-
Analysis of Changes in Tax and Loan Account Balances
(
In millions of dollars)
Balance
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
,976
,824
,668
,679
,787
,725
,699
,760
635
,704
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1965-December.
261
218
265
246
242
232
Tax
anticipation
securities
.
.
March
April
May
June
July
August. .
September.
October.
.
.
November
December.
.
242
238
216
216
213
227
Income (by
special
arrangement ) 4/
Wltheld
and
excise 2.^
2,340
7,368
6,568
13,513
13,164
7,920
1,788
3,774
3,830
2,014
2/
End of
period
1,627
985
1,627
2,911
3,392
1,173
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.
Retirement plan bonds first offered for sale as of January 1, 1963.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tax beginning
4,152
7,903
5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522
45,448
55,044
58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
46,000
50,908
62,994
54,782
56,847
53,076
56,085
59,421
75,338
4,082
8,218
3,744
6,458
5,453
8,815
10,324
9,180
10,689
10,050
1,924
6,159
6,453
1,447
5,721
5,133
1,256
6,540
7,158
53
4,374
2,193
2,612
743
2,626
5,939
7,591
4,114
7,526
10,016
4,840
8,704
10,161
7,865
6,583
7,617
4,470
5,555
5,461
4,153
5,197
5,359
128
4,483
103
2,030
y'
«
Average
High
26,709
27,881
29,190
33,359
34,511
37,519
41,267
43,580
42,475
48,478
Source:
1/
Total
credits
4,024
5,043
2,922
7,581
7,784
7,613
5,898
2,963
211
1966- January .
February
Retirement
plan
bonds 2/
During period
Withdrawals
4,577
6,073
8,869
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
5,124
1,078
912
1,390
1,161
1,531
2,535
1,577
1,844
447
1,253
5,591
4,900
7,546
4,067
6,013
5,969
3,360
4,399
4,444
4,491
6,003
10,050
4,581
4,856
5,101
4,491
6,715
10,050
1,374
2,382
1,002
447
4,347
1,700
3,120
3,630
3,252
2,269
5,677
4,812
9,743
9,838
7,759
10,099
7,723
6,562
5,147
4,014
6,415
4,181
9,979
5,905
6,415
5,310
3,668
4,724
5,U7
6,917
4,049
3,477
3,978
2,604
2,464
58, 540
3,0a
4,096
813
2,286
1,513
1,674
1,356
710
2,987
3,246
3,638
4,103
4,151
4,457
5,325
4,747
5,431
4,324
3,401
March 19^8; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under 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 periods of heavy tax payments.
Less than $500,000.
.
.
.
.
.
.
.
..
.
January 1967
21
J^CCOUNT OF THE TREASURER OF THE UNITED STATES
Table
3.
-
Summary
Cash Transactions through the Account of the Treasurer
of
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Fiscal year
or month
Deposits and withdrawals {budget,
trust, and other accounts)
Cash
deposits
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
Total net
transactions
Plus;
Net cash borrowing, or repayment of
borrowing (-)
Equals:
Treasurer's
account balance, increase, or decrease (-)
81 875
82 ,094
81 ,612
94 ,862
96 ,897
105 .911
lU ,454
121 ,562
125 ,464
141 ,095
77,279
85,015
93,736
93,817
97,774
112,188
118,477
124,047
126,395
142,191
1965-December.
10,715
11,223
-509
354
-155
-22
-177
1966- January.
February
March. . .
April. .
7,748
14,004
13,881
11,720
16,261
19,205
10,731
12,821
12,280
11,007
14,874
10,964
-2,984
1,184
1,601
712
1,387
8,242
-1,228
-4,212
1,264
1,864
-134
1,729
8,535
3,136
-291
-359
-4,204
-1,076
973
-224
453
1,370
4,330
9,029
13,207
15,110
8,455
11,791
13,288
12,557
17,447
13,055
13,944
14,973
12,061
-3,528
-4,240
2,055
-5,490
-3,182
1,227
-844
570
-420
310
-793
-4,372
-3,670
1,635
-5,179
-2,838
434
-241
2,820
31
2,985
1,220
778
-4,613
-850
1,666
-2,194
-1,618
1,213
70,880
84,037
-13,157
-833
-13,990
7,593
-6,396
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
.
May
June
July
August
September
October,
November.
December.
. .
.
.
Fiscal 1967 to date.
4,596
-2,921
-12,124
-1,904
1,827
-306
1,0U
309
-510
1,259
1,039
-1,491
-584
-1,075
-877
-6,278
-4,023
-2,485
-931
-1,095
Source:
Actual figures are based on the daily Treasury statement. Figures
in the first four columns of this table may differ somewhat from those
originally published in the daily Treasury statement because of subsequent reclassification of certain transactions.
Table
4.
-
Gold Assets and
2,692
-1,094
-12,430
1,353
-1,337
-5,018
-2,984
-3,975
-1,515
-2,171
80
263
-847
342
293
3U
1/
2/
-3,648
5,253
8,032
1,301
76
8,755
4,670
2,895
3,089
1,968
-2,089
587
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
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
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
13,733.2
13,159.1
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
13,626.4
13,041.3
396.1
105.4
101.0
117.8
126.0
120.1
156.7
106.8
117.8
1965-December.
13,733.2
13,626.4
106.8
1966-January.
February.
March.
April.
May
June
13,732.2
13,730.2
13,633.5
13,632.0
13,532.2
13,433.5
13,627.6
13,625.3
13,525.0
13,527.2
13,430.5
13,331.7
104.6
104.9
108.5
104.7
101.6
101.8
July
August. .
September
October.
November
December.
13,331.5
13,259.0
13,258.3
13,256.6
13,159.1
13,159.1
13,229.8
13,147.0
13,146.6
13,143.1
13,034.4
13.041.3
101.7
112.0
111.7
113.5
124.7
117.8
^
.
.
.
.
Source:
1/
2/
Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificates credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; (3) reserve of $156.0 million
against United States notes and through June 30, 1961, Treasury notes
2/
4/
508.1
of 1890; and (4) gold deposited by and held for the International
Monetary Fund.
The United States payment of the $343.8 million increase in its gold
suDscription to the International Monetary Fund, authorized by the
act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959.
The United States payment of the $258.8 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965, (79 Stat. 119) was made on June 30,
1965.
Treasury Bulletin
22
MONETARY
Table
1.
-
STATISTICS.
Money
in Circulation
(In millions of dollars except per capita figures)
Currencies no longer Issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Federal
Reserve
notes 2/
85
78
73
68
6i
.
299
34,573
36,214
13
13
681
651
305
299
36,777
36,973
37,868
38,029
291
294
296
298
302
303
36,007
36,139
36,308
36,348
36,875
37,315
37,032
37,156
37,318
37,346
37,872
38,290
300
303
302
304
307
37,457
37,630
37,501
37,775
38,840
38,423
38,593
38,460
38,733
39,798
13
66
66
22
1966-January.
February
March. ...
April. ...
May
June
66
66
65
65
65
64
22
22
22
22
22
21
13
13
13
4
July
August.
September
October.
November.
64
64
64
21
21
21
21
4
4
4
575
570
566
4
21
4
1
629
619
609
597
591
582
564
561
.
.
.
63
63
Total
currencies
1,232
829
582
4
4
22
Federal
Reserve
notes Z^/
29,040
29,071
29,699
29,726
29,943
31,117
32,592
34,529
36,058
38,290
32
31
30
30
29
20
19
13
1965-November.
December
.
United
States
notes
26,291
26,304
26,992
27,057
27,316
28,586
30,274
32,338
34,820
37,315
38
37
37
37
36
36
18
18
56
54
53
37
36
22
21
Treasury
notes of
1890
321
317
316
318
318
318
319
321
302
303
2,162
2,200
2,155
2,127
2,094
2,009
1,847
1,723
57
92
1964-Deoember
Silver
certificates
23
133
120
110
100
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
Gold
certificates 2/
Currencies presently
being issued l/
13
13
Coin
End of
fiscal year
or month
Stanlard
silver
dollars
Total
coin
Total
money in
circulation
Money in
circulation
per capita
in dollars) 6/
2,042
2,101
2,215
2,338
2,462
2,652
2,878
3,205
3,662
4,264
Fractional
coin
31,082
31,172
31,914
32,065
32,405
33,770
35,470
37,734
39,720
42,554
181.52
179.08
180.20
177.47
176.45
180.98
187.30
196.41
204.14
216.18
^
(
1957
1958
1959
I960
1961
1962
1963
1964
1965
1966
253
268
285
305
329
360
411
482
482
482
1,789
1,833
1,929
2,033
2,133
2,293
2,466
2,723
3,180
3,782
1964-December,
482
2,923
3,405
39,619
204.75
1965-November.
December.
482
482
3,474
3,545
3,956
4,027
41,824
42,056
213. 78r
214.78
1966-January.
February
March, ,
April...
May
June
482
482
482
482
482
482
3,578
3,614
3,670
3,711
3,749
3,782
4,060
4,096
4,152
4,192
4,231
4,264
41,092
41,252
41,469
41,538
42,102
42,554
205.96
210.29
211.22
211.39
214.08
216.18
482
482
482
3,803
4,285
4,317
4,342
4,380
4,447
42,708
42,910
42,802
43,113
44,245 7/
216.76
217.57
216.79
218.15r
223.69
.
July
August.
.
September
October.
November.
482
482
3,835
3,860
3,898
3,965
Source:
Circulation Statement of United States Money through December 1965;
thereafter, Statement of United States Currency and Coin.
1/
Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
V
5/
6/
7/
Issued on and after July 1, 1929.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Beginning
fiscal 1959 estimates include Alaska, and fiscal 1960, Hawaii.
Highest amount to date.
Less than $500,000.
r
Revised.
. ...
..
..
,,
.
January 1967
23
DEBT OUTSTANDING.
Table
1. -
Summary
of Federal Securities
(In millions of dollars)
Total outstanding
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal year
or month
Public
debt 2/
Total 1/
Guaranteed
securities
Total
Public
debt
Guaranteed
securities
Special notes to
Total
Matured
y
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
270 ,634
276 ,UA
284 ,817
286 ,471
289 ,211
298 645
306 ,466
312 ,526
317 ,864
320 ,369
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
1965 -December,
321,359
1966-January.
February .
107
101
111
140
240
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
106
101
110
139
240
444
605
812
462
268,592
274,798
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
320,904
455
316,968
April
May
June
322,419
323,746
321,454
320,051
322,825
320,369
322,003
323,311
320,999
319,583
322,359
319,907
416
435
456
468
466
462
July
August. . .
September.
October. .
November.
December.
319,768
324,904
325,250
327,387
329,906
329,814
319,280
324,420
324,748
326,888
329,411
329,319
489
484
502
498
495
495
.
March
444
607
813
590
460
2,042
1,646
2,373
3,090
3,300
3,759
3,907
4,357
4,163
4,477
2,042
1,646
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
316,515
453
4,391
4,389
278
318,012
319,354
317,036
315,686
318,392
315,892
317,599
318,921
316,582
315,219
317,927
315,431
413
433
454
467
464
460
4,407
4,392
4,418
4,366
4,433
4,477
4,404
4,391
4,417
4,364
4,432
4,476
315,368
320,179
320,515
322,798
325,352
325,516
314, 88C
319,697
320,014
322,301
324,858
325,021
488
483
501
497
494
494
4,401
4,724
4,735
4,588
4,554
4,298
4,400
4,724
4,734
4,587
4,553
589
Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
J/
4/
y
«
Table
2.
-
Computed
Interest Charge and
4,298
529
597
476
445
349
438
310
295
292
308
International
Monetary
Fund
International
Development
Association
InterAmerican
Development Bank
Other
1/
Guaranteed
securities 2/
(matured)
4U
1,068
618
1,979
2,238
2,496
2,667
2,922
3,289
3,167
430
417
407
396
484
420
480
414
3,6U
58
115
129
142
138
64
125
150
150
132
3,470
100
150
391
230
246
245
197
233
308
3,558
3,548
3,592
3,597
3,627
3,614
82
82
64
64
64
64
U2
392
372
373
371
373
359
202
286
3,680
3,923
3,958
3,964
3,976
3,669
45
45
45
25
25
126
122
122
263
251
215
266
55
142
142
136
136
132
25
359
347
347
346
347
337
338
Treasury (see Table 6)
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C, Armory Board stadium bonds,
For current month detail, see "Statutory Debt Limitation," Table 2,
Less than $500,000.
Computed Interest Rate on Federal
Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
Amount
outstanding
End of
fiscal year
or month
Public debt
and guaranteed securities 1/
268,592
274,798
281,944
283 , 380
285,911
294,886
302,559
1957
1958
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Non-
Total
2/
1964
1965
1966
308,1^
313,702
315,892
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
1965-Deoeniber.
316,968
316,515
11,846
11,830
3.756
3.756
3.890
4.273
1966-January.
February
March. .
April
May
June
318,012
319,354
317,036
315,686
318,392
315,892
317.599
318,921
316,582
315,219
317,927
315,431
11,998
12,265
12,429
12,306
12,564
12,533
11,983
12,249
12,412
12,289
12,547
12,516
3.792
3.860
3.940
3.918
3.967
3.988
3.793
3.861
3.941
3.919
3.967
3.988
3.934
4,026
4.059
4.071
4.130
4,134
4.395
4.522
4.671
4.710
4.780
4.845
1959
1960
1961
1962
1963
.
.
July
August.
September.
October.
November
December.
315,368
320,179
320,515
322,798
325,352
325,516
7,328
7,248
8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
7,325
7,245
8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
2.730
2.638
2.867
3.297
3.072
3.240
3.361
3.561
3.678
3.988
2.730
2.638
2.867
3.297
3.072
3.239
3.360
3.560
3.678
3.938
2.707
2.546
2.891
3.449
3.063
3.285
3.425
3.659
3.800
4.134
3.197
1.033
3.316
3.815
2.584
2.926
3.081
3.729
4.064
4.845
3.996
314,880
12,537
12,520
4.079
319,697
12,991
12,973
320,014
13,146
4.124
13,127
13,390
13,372
4.174
322,301
13,647
4.222
324,858
13,629
13,646
4-225
325,021
13,665
Source;
On the basis of the daily Treasury statement.
Note;
The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue, outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate
to the amount outstanding on that date (the amount actually borrowed
in the case of securities sold at a premium or discount, beginning
with May 1960)
The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
.
.
.
.
.
Treasury
bonds
Bills Certificates
1/
4.851
4.851
4.851
4.851
4.851
4.851
4.851
2.504
2.806
3.304
4.058
3.704
3.680
3.921
3.854
3.842
4.321
2,482
2.576
2.619
2.639
2.829
3.122
3.344
3.471
3.642
3.655
3.933
3.345
3.330
2.842
4.721
3.073
3.377
3.283
3.932
4.162
4.158
4.164
4.321
4.321
market- Special
issues
able
issues 4''
guaranteed
securities
1/
2.853
2.892
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
.635
.630
.694
.772
,803
,891
,003
,238
,372
.693
2.611
2.622
2.628
2.681
3.L44
3.500
3.658
3.782
3.660
3.632
3.653
3.530
3.412
3.593
3.653
3.654
3.654
3.655
3.654
3.655
3.534
3.537
3.862
3.708
3.713
3.713
3.429
3.472
3.488
3.455
3.552
3.693
3.555
3.573
3.598
3.625
3.631
3.632
4.321
3.655
3.717
3.690
3.996
4,U5 4.889 4.850
3.673
4.080
4.256
5.053 5.185
3.662
3.720
3.758
3.695
4.454
4.125
3.662
3.775
3.707
4.317 5.251
3.730
5.185
4.454
3.766
3.711
4.174
4.387 5.403
4.476
3.662
3.736
5.185
3.666
4.222
4.585
3.738
3.768
4.456 5.517 5.250
3.724
.726
3.765
3.666
3.742
4.225
4.459 5.513 5.250
4,584
interest charge for the total, or for any group of issues, by the
corresponding {Principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
Prior to that date it was based
issues sold at premium or discount.
on the coupon rate for all issues.
1/ Guaranteed securities included are those held outside the Treasury.
2/ Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
2/
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
^
Treasury Bulletin
24
DEBT OUTSTANDING
Table
3.
-
Interest-Bearing Public Debt
(in millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal year
or month
268,486
274,698
281,833
283,241
285,672
Marketable
Total
public
issues
Total
Bills
Certif-
1965-December.
.
.
155,705
166,675
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
23,420
22,406
32,017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
316,515
270,260
214,604
60,177
317, 599
217,656
217,690
215,150
215,004
213,764
209,127
209,108
211,402
211,771
215,313
217,239
218,025
61,589
62,002
59,481
59,477
59,454
54,929
1,652
54,931
57,936
58,341
62,254
63,864
64,684
1,652
7,006
7,005
7,005
5,919
5,919
1966-January
February ....
March
April
May
June
318,921
316,582
315,219
317,927
315,431
273,243
273,139
270,623
270,298
269,122
264,311
July
August
September.
October
November ....
December.
314,880
319,697
320,014
322,301
324,858
325,021
264,184
266,462
266,946
270,413
272,308
273,028
,
.
.
bonds 1/
1,652
1,652
1,652
1,652
1,652
1,652
67,284
52,549
50,649
80,839
90,932
84,853
81,297
80,830
75,025
81,964
88,464
102,481
101, £97
65,953
61,777
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
47,514
47,607
48,314
49,299
50,043
50,537
11,135
9,621
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
104,201
55,655
50,324
2,797
50,244
50,881
50,891
50,793
50,647
50,649
50,650
104,171
103,155
103,126
103,083
102,011
101,897
55,587
55,449
55,473
55,293
55,358
55,183
50,319
50,335
50,383
50,420
50,483
50,537
101,874
100,558
100,513
100,489
99,189
99,151
55,075
50,606
50,646
50,616
50,679
50,760
50,752
30,973
20,416
27,
3U
51,483
56,257
65,464
52,
U5
45,902
45,912
45,565
48,267
48,271
Source: Dally Treasury statement
1/ Includes $50 million of Panama Canal bonds for 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.
Table
4.
-
bonds,
savings investbonds
ment
series
Treasury
50,227
20,473
32,920
33,843
17,650
13,338
13,547
22,169
221.658
228,452
237,078
238,342
240,629
249,503
257,153
260,729
264,463
264,311
294,4^
Notes
icates
301,954
307,357
313,113
315,431
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Nonmarke table
Treasury
2/
4/
55,060
55,175
55,100
55,069
55,003
54,622
51,984
50,503
47,
5U
Depositary
bonds
196
171
183
170
117
138
Foreign
series
securities 2/
Foreign
currency
series
securities 3/
Other
Special
issues
44
860
648
392
1,132
817
630
832
1,137
957
137
46,827
46,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
49
1,144
1,208
134
46,255
2,780
2,774
2,757
2,704
2,694
2,692
47
47
47
47
45
44
1,099
999
1,039
949
992
817
1,207
1,157
1,107
1,031
1,007
957
135
136
140
143
137
137
44,356
45,781
45,959
44,921
48,805
51,120
2,691
2,684
44
45
50,696
45
45
45
884
884
859
859
859
860
104
2,676
2,667
2,661
2,656
747
697
875
747
104
104
104
100
53,235
53,068
51,888
52,550
51,993
103
103
59
45
645
593
19
25
29
68
141
75
96
Consists of the dollar equivalent of Treasury certificates of
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies,
Includes Treasury bonds. Rural Electrification Administration series
beginning July 1960; retirement plan bonds beginning January 1963;
Treasury certificates; and Treasury bonds.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt!/
(In million of dollars)
End of
fiscal year
or month
Amount
Outstanding
Maturity classes
Within
1 year
1 -
5
5-10
10 - 20
years
years
years
26,407
27,652
21,625
12,630
10,233
9,319
8,360
8,355
Average length
20 years
and over
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
155,705
166,675
178,027
133,845
187,148
196,072
203,508
206,489
208,695
209,127
71,952
67,782
72,958
70,467
81,120
88,442
85,294
81,424
87,637
89,136
40,669
42,557
58,304
73,844
58,400
57,041
58,026
65,453
56,198
60,933
12,328
21,476
17,052
20,246
26,435
26,049
37,385
34,929
39,169
33,596
1965-Deoember
93,396
60,602
35,013
8,445
17,148
5
96,461
94,226
91,704
91,820
92,231
89,136
60,608
62,893
64,306
64,076
62,453
60,933
35,013
35,008
33,607
33,603
33,600
33,596
8,4U
8,U3
Jijne
214i604
217,656
217,690
215,150
215,004
213,764
209,127
8,442
8,441
8,440
8,439
17,131
17,120
17,092
17,065
17,040
17,023
4 yrs,
4 yrs.
4 yrs.
4 yrs.
4 yrs.
4 yrs.
10
11
11
10
11
11
July
August
September
October
November
December
209,108
211,402
211,771
215,313
217,239
218,025
89,138
92,238
92,642
96,656
104,398
105,218
60,932
62,957
62,952
62,495
59,459
33,592
30,783
30,774
30,771
28,008
28,005
8,439
8,437
8,436
8,435
8,434
8,433
17,007
16,987
16,967
16,957
16,940
16,923
4 yrs,
4 yrs,
4 yrs.
4 yrs.
4 yrs.
4 yrs.
10 mos.
1966-January
February
March
April
May
"Source:
1/
59,
U7
Office of Debt Analysis in the Office of the Secretary,
All issues are clas sified to final maturity except partially tax-exempt
8,U9
8,439
4,349
7,208
8,088
7,658
10,960
15,221
14,444
16,328
17,241
17,023
yrs.
yrs.
VTP .
yrs.
yrs.
yrs.
yrs.
5 yrs.
5 yrs.
4 yrs.
9 mos
3 mos,
7 mos.
4 mos.
6 mos.
11 mos
1 mo.
mo.
4 mos.
11 mos.
mos.
yrs.
mos.
mos.
mos.
mos
mos
mos.
11 mos.
10 mos.
8 mos.
8 mos,
7 mos.
bonds which have been classified to earliest call date. The last of these
bonds were called on August 14, 1962, for redemption on December 15, 1962.
January 1967
25
DEBT OUTSTANDING.
Table
5.
-
Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Treasury Bulletin
26
_ DEBT OUTSTANDING
Table
6.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In milliDns of dollars)
Agriculture Department
Agency
End of
fiscal year
or month
Total
for
Inter-
national
Development 1/
CommDdity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
programs
1965-Deoember.
1966-January
February.
March ....
.
April.
.
.
May
June
July
August. ,
September
October,
November.
December.
513
178
1,404
700
2,989
1,902
1,435
1,459
1,484
1,490
1,494
1,436
676
334
346
470
547
178
3,015
2,861
2,886
2,940
3,025
3,133
1,665
1,838
1,864
1,732
1,564
1,466
10
10
10
10
10
10
1,445
1,47:
225
313
l,4-'2
1,460
1,439
1,403
430
1,894
1,060
2,013
2,2j3
2,329
1,864
10
2-:7
3,228
3,243
3,297
3,337
3,412
3,62°
25
25
125
125
125
125
125
25
125
13,383
11,528
12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
2,519
2,728
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
256
323
369
456
854
1,027
1,170
1,235
1,436
27,458
701
11,494
4,203
27,518
27,302
27,614
27,340
27,454
26,964
701
701
701
701
701
689
11,740
11,826
11,962
11,636
11,751
11,768
4,203
4,203
4,313
4,313
4,313
4,234
24,710
25,480
26,024
25,922
26,475
26,030
638
688
688
688
688
8,984
9,768
9,929
9,331
675
9, ''04
4,234
4,324
4,324
4,436
4,43o
4,360
1,205
1,528
1,937
1,636
1,698
1,830
1,476
830
Source: Daily Treasury statement.
Note: These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1965
Annual Report of the Secretary of the Treasury, pages 787-90, and the
Receipts, Expenditures and Balances of the
1965 Combined Statement of
United States Government, pages 531-533.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
previously issued by the Administrator in connection with informational
media guaranties. 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 with
others issued for the same purpose are included in "Other."
2/ Farm housing end other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund)
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
^
Act.
Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans.
582
371
V
6/
2/
8/
Tennessee
Valley
Veterans'
Administration:
Direct
Authorloan
ity
program
Under
Defense
Production
Other
8/
Act
of 1950
2/
1,741
1,502
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
1,198
1,188
1,164
1,138
1,107
1,062
807
735
712
689
9,56e
^
Saint
Lawrence
Seaway
Development
Corporation
282
476
730
977
1,213
1,567
2,005
2,302
2,753
3,133
265
,731
,859
,343
,636
,011
,634
,166
,241
,354
,964
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Housing and Urban
Development Department
ExportImport
Federal
Bank of
National
Secretary
WashMortgage
Other
ington 4/
Associ6/
2/
ation
43
97
21
18
22
21
22
22
29
35
51
72
32
32
25
10
112
118
121
121
123
123
124
125
85
95
100
733
780
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
124
41
35
27
29
100
1,730
2,053
58
124
124
100
100
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,053
2,048
2,023
2,023
2,023
2,023
66
68
69
70
71
100
100
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
1,975
1,975
1,965
1,965
1,965
72
1,965
78
125
125
125
125
50
1,294
1,723
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
72
74
74
75
75
Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d))and also securities transferred
from the Reconstruction Finance Corporation.
Public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: Secretary of the Treasury; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1); Secretary
of Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1959-61 and 1963-65, begim^L^g March 1963;
Virgin Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962;
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
.. .
.
.
January 1967
27
DEBT OUTSTANDING.
Table
7.
-
Interest-Bearing Securities Issued by Federal Agencies But
Guaranteed by the United States Government
Not
(in millions of dollars)
End of
fiscal year
or month
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
1965-December.
1966- January.
February
March. .
April
May
June
.
.
.
July
August. .
September
October.
November
December.
Total
5,013
5,i23
6,708
8,407
7,765
9,332
10,192
11,865
13,460
17,666
14,186
Banks for
cooperatives
179
199
284
330
382
430
459
498
686
844
796
14,494
14,723
15,055
15,773
16,843
17,666
796
819
819
858
834
17,928
18,398
18,396
18,541
18,483
19,249
844
882
882
957
1,067
8U
1,074
Federal
home loan
banks 1/
738
456
992
1,259
1,055
1,797
2,770
4,201
4,757
6,309
Federal
intermediate
credit banks
924
1,159
1,456
1,600
1,723
1,855
2,133
2,315
2,462
2,853
Federal National
Mortgage Association
Federal land
banks 2/
1,552
1,646
1,888
Management
and liquidating issues
570
797
797
797
All other
issues
1,050
1,165
1,290
2,284
2,198
2,556
1,960
1,698
1,797
3,269
Tennessee
Valley
Authority
5,221
2,335
2,137
2,357
2,550
2,725
2,973
3,532
4,105
3,710
1,884
240
5,068
5,050
5,060
5,435
5,895
6,309
2,342
2,404
2,470
2,602
2,744
2,853
3,710
3,813
3,813
3,813
3,980
4,105
2,338
2,397
2,648
2,820
240
6,594
6,615
6,765
6,959
6,859
6,859
2,935
2,990
2,991
2,909
2,814
2,786
4,212
4,212
4,295
4,295
4,295
4,385
3,058
28'
3,414
3,178
3,125
3,152
3,800
285
285
295
295
345
Source:
Office of Debt Analysis and agency reports.
Note:
Excludes securities which are issued for use as collateral for
commercial bank borrowing.
1/
2/
*,U4
3,269
50
145
145
180
225
285
240
245
245
245
285
The proprietary interest of the United States in these banks ended
in July 1951.
The proprietary interest of the United States in these banks ended
in June 1947.
Treasury Bulletin
28
.STATUTORY DEBT LIMIT ATION$285 billion outstanding at any one time.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
A temporary increase
by an act approved June 30, 1959, provides that the face amount
to $330 billion has been authorized through June 30, 1967
of securities issued under authority of that act, and the face
(act of June 2U,
1966).
For a legislative history of the public debt limitation,
amount of securities guaranteed as to principal and interest
see the Annual Report of the Secretary of the Treasury.
by the United States (except guaranteed securities held by the
Secretary of the Treasury) shall not exceed in the aggregate
Table
1. -
Status Under Limitation December 31, 1966
(In millions of dollars)
Maximum amount of debt 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 June 2^, 1966
330,000
Amount outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed debt of U. S. Government agencies
329,053
4-95
Total amount outstanding subject to statutory debt limitation
329,54,8
Balance issuable under limitation
Table
^52
2.
-
Application of Limitation to Public Debt and Guaranteed Debt
Outstanding
(
December
31, 1966
In millions of dollars)
Subject to statutory
debt limitation
Classification
Public debt:
Interest-bearing debt:
Public issues marketable:
Treasiiry bills
Certificates of indebtedness
Treasury notes
Treasury bonds
—
64,68:1
—marketable
— nonmarketable
Total public issues
\iblic issues
,
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes:
Foreign series
Foreign ctirrency series
Treasury bonds:
Foreign series
Foreign currency series
Treasury certificates
U. S. savings bonds
U. S. retirement plan bonds. .'.
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds investment series
,
Total public issues
—nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing debt
Matured debt on which interest has ceased
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund Series
International Development Association Series
Special bonds of the United States:
U.N. Special Fund Series
U.S. savings stamps
Excess profits tax refund bonds
U.S. notes {less gold reserve)
Deposits for retirement of national bank and Federal Reserve bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed debt of U.S. Government agencies:
Interest-bearing debt
7
Matured debt on which interest has ceased
Total guaranteed debt of U.S. Government agencies
Total public debt and guaranteed debt
Source:
Daily Treasury statement.
,
,
«
Less than $500,000.
Not subject to statutory
debt limitation
Total
outstanding
January 1967
29
PUBLIC DEBT OPERATIONS
Table
1. -
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding December 31, 1966
Other than Regular Weekly and Annual Treasury Bills
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding December 31, 1966
Other than Regular Weekly and Annual Treasury Bills - (Continued)
Table
1. -
(In millions of dollars)
Amount of maturities
Amount of maturities
Year
and
month
of final
maturity
Held by
U.S. Govt.
Description
Total
1/
All
other
investors
Total
.
Bond
2/15/70
4,3B1
436
3,946
1973
Aug.
.
4%
Bond
8/15/73
3,894
2-1/256
Bond
3/15/65-70
2,289
667
1,623
Nov.
.
4-1/8%
Bond
11/15/73
4,355
Note
V1/70-EA
Aug...
iS
Bond
Oct...
1-1/2%
Note
Nov.
5%
Note
. .
38
8/15/70
4,129
-
10/1/70-EO
-
11/15/70-A
7,675
406
113
3,723
.
1974
4-1/8%
Bond
2/15/74
3,130
113
May.
4-1/4%
Bond
5/15/74
3,592
1,386
6,290
Nov.
3-7/8%
Bond
11/15/74
2,242
2,894
15,782
342
1,024
4%
Bond
2/15/80
2,605
3-1/2%
Bond
11/15/80
1,911
2-1/2%
.
Bond
3/15/66-71
1,366
l-l/2iE
Note
4/1/71-EA
35
.
5-l/.i$
5/15/71-A
Note
4,265
.
1980
Feb...
35
Nov.
.
8,249
Feb.
1971
Mar.
Total.
18,676
Total.
May.
Description
l-l/2ie
.
Apr,
i^r.
Held by
U.S. Govt,
iS
1970
Feb
Mar.
investment
accounts and
Federal Reserve Banks
Year
and
month
of final
maturity
1/
1,738
.
2,527
4,516
Aug
/J,
8/15/71
Bond
2,806
597
2,209
1983
June.
Nov.
. .
Note
10/1/71-EO
5-3/8%
3-7/8%
Note
Bond
11/15/71-B
11/15/71
Bond
6/15/78-83
1,577
3-1/4%
4-1/4%
Bond
Bond
5/15/85
5/15/75-85
1,123
1,217
3-1/2%
Bond
2/15/90
4-1/4%
Bond
8/15/87-92
1993
Feb..
l-l/2ie
Oct
3-1/4%
4%
Bond
2/15/88-93
1994
May..
4-1/8%
Bond
5/15/89-94
1995
Feb...
3%
Bond
2/15/95
3-1/2%
Bond
11/15^98
12
1,734
2,760
26
406
1,708
2,354
1985
May.
Total.
Total.
12,979
3,109
1990
Feb.
1972
Feb
4%
Bond
2/15/72
2,3U
247
2,097
1992
Aug.
June.
2-1/2%
6/15/67-72
Bond
1,265
124
1,141
Aug
4%
Bond
8/15/72
2,579
493
2,086
Sept.
2-1/2%
Bond
9/15/67-72
1,952
81
1,871
Dec.
2-1/2%
Bond
12/15/67-72
2,652
-
2,432
1998
10,791
1,164
9,627
Nov.
.
investment
accounts and
Federal Reserve Banks
January 1967
31
PUBLIC DEBT OPERATIONS
Table
2.
-
Offerings of Treasury Bills
(Amounts in millions of dollars)
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table
2.
Offerings of Treasury Bills
-
-
(Continued)
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
1...
8...
('98.697
[97.140
Equivalent rate 7/
C
,087
,567
98.726
97.208
5.156
5.657
98.710
97.148
r98.7U
]_^97.186
Sept.
Price per hundred
(Percent)
Regular weekly:
1966-Sept.
Equivalent average
rate 7/
Price per hundred
Percent)
Equivalent rate
(Percent)
5.040
5.523
98.704
97.154
5.127
5.529
2/
5.103
5.641
98.584
97.133
5.206
5.671
8/
Sept.
15...
22...
f 98. 623
5.U7
'|_97.00i
Sept.
5.927
98.657 10/
97.016 11/
5.313
5.902
98.610
96.992
5.499
5.950
f98.588
5.586
6.040
98.609
96.968 12/
5.503
5.997
98.581
96.941
5. 614
6.051
\97.O66
5.502
5.803
98.615
97.078
5.479
5.780
98.505
97.057
5.519
5.821
|_96.9i7
Sept.
29...
f 98. 609
5.673
98.647
97.148 12/
5.353
5.641
98.618
97.112
5.467
5.713
/98.617
5.470
5.750
98.630
97.102
1V
5.420
5.732
98.608
97.084
5.507
5.768
r98.629
5, ,423
\97.U3
Oct.
13...
5. 408
'[97.093
Oct.
6...
r98.633
\97.i32
Oct.
5 ,652
98.635
97.152
5.400
5.633
98.626
97.137
5.436
5.653
20...
197.201
Nov.
5, .536
98.680
97.209
5.222
5.521
98.559
97.198
5.265
5.542
198.677
\97.2i3
5.235
5.513
9''
98.685
220
5.202
5.499
98.673
97.210
5.250
5.519
/98.627
5.432
5.705
98.638 1^
97.127 16/
5.388
5.683
98.619
97.110
5.463
5.716
\97.121
5.458
5.695
98.629 17/
97.123
5.424
5.691
98.616
97.118
5.475
5.701
/98.687
|97.234
5.252
5.502
98.692
97.241
5.232
5.488
98.681
97 230
5.276
5.509
198.685
97.302
5.202
5.337
:)8.b92
]
Oct.
Q7.315
5.175
5.311
98.580
97.300
5.222
5.341
5 ,247
27...
3...
Nov.
10...
Nov.
17...
Nov.
25...
Dec.
^7.116
^8.620
1...
.
.
Dec.
8...
; 98. 686
<97.330
5.197
5.281
98.693
97.338
5.171
5.265
98.685
97.326
5.202
5.289
Dec.
15...
/98.72i
J97.i07
5 047
130
98.731
97.410
5.020
5.123
98.722
97.404
5.056
5.135
98. 776
97.503
4.844
4.940
98.789
97.528
4.791
4.890
98.772
97.498
4.858
4.949
3.800
|97.5i5
4.747
4.856
98.809
97.568
4.712
4.811
98.795
97.537
4.767
4.872
/96.916
H6.408
5.338
5.433
97.013 18/
96.542 12/
5.170
5.231
96.875
96.364
5.409
5.500
97.182
96.167
97.202
5.483
5.586
5.245
97.203 20/
96.206
97.209
5.443
5.530
5.233
97.169
96.130
97.192
5.509
5.640
5.265
95.203
95.236
94.986
95.195
95.161
94-965
95.238
94.967
94.075
4.731
4.699
4.945
4.739
4.773
4.966
4.697
4.964
5.808
5.806
5.567
4.719
4.685
4.925
4.719
4.750
4.945
4.630
4.940
5.809
5.764
5.754
5.540
5.538
5.226
5.535
5.505
95.197
95.225
94.974
95.155
f95.596
194.113
f95.778
94.379
97.691
[95.774
\ 94.404
r96.310
(95.113
95.215
95.250
95.007
95.215
95.184
94.986
95. 306
94.991
94.110
95.629
94.156
95.799
94.385
97.731
95.787
94.419
96.367
95.160
4.737
4.710
4.957
4.779
4.789
4.980
4.795
4.988
5.863
5.850
5.845
5.586
5.549
5.346
5.571
5.521
4.955
4.850
Dec.
22...
f
I
Dec.
29...
5
Tax anticipation:
1966-Aug.
26.
.
1/
Oct.
18...
4/
9-month and one-year
1965-Dec.
31777
1956- Jan.
31...
Feb.
Mar.
Apr.
28...
31...
Aug.
30.
31...
30...
31.
31...
Sept.
30.
May
June
July
.
.
.
Oct.
31...
Nov.
25 i/
Nov.
30...
Dec.
31...
I
Footnotes on following page.
5.8U
5.5U
318
5.552
5.519
4.920
5.
4.820
21/
22/
Z2/
24/
25/
26/
27/
23/
22/
4.8U
4.774
95.
U4
94.951
95.138
94.943
94.056
95.564
94.074
95.754
94.374
97.679
95.760
94.402
96.284
95.083
J,/
January 1967
33
PUBLIC DEBT OPERATIONS
Footnotes to Table 2
Dally Treasury statement; Bureau of the Public Debt.
Source:
Tax anticipation and one-year bills are shown in the table each
Note:
month until the month in which they mature is no longer shown in the
1/
2/
i/
4/
i/
2/
8/
2/
issue date column for regular weekly bills.
The 13-week bills represent additional issues of bills with an original
maturity of 26-weeks and the 9-month bills represent additional issues
of bills with an original maturity of one-year.
For 13-week and 26-week issues, tenders for $200,000 or less from any
one bidder are accepted in full at average price of accepted competitive bids; for other issues, the corresponding amount is stipulated
in each offering announcement.
Issued on October 18, 1966; additional to bills dated August 26, 1966.
Issued on December 12, 1966; additional to bills dated October 18, 1966.
Additional amounts ($A00, 782,000 each) of three series of outstanding
monthly bills issued in strip form for cash and exchange on
November 25, 1966.
Includes strip bills issued November 25, 1966.
Bank discount basis.
Except $2,000,000 at 98.736.
Except $620,000 at 97.219, and $750,000 at 97.186.
10/
11/
12/
12/
14/
ly
16/
17/
Ig/
12/
22/
21/
22/
22/
24/
2y
2^
2^/
2g/
22/
Except $2^0,000 at 98.671.
Except $300,000 at 97.025.
Except $1,000 at 97.030, $1,000,000 at 96.991, and $130,000 at 96.972.
Except $603,000 at 97.156.
Except $1,525,000 at 98.673, and $200,000 at 98.633.
Except $100,000 at 98.677, and $58,000 at 98.670.
Except $513,000 at 97.19i.
Except $1,500,000 at 98.635.
Except $200,000 at 97.120 and $100,000 at 97.080.
Except $1,860,000 at 96.601.
Except $55,000 at 97.282.
Except $200,000 at 95.^55 and $700,000 at 95.235.
Except $200,000 at 95.300 and $3,000,000 at 95.255.
Except $350,000 at 95.2iO, $190,000 at 95.235 and $5,000,000 at 95.229.
Except $100,000 at 95.072 and $iOO,000 at 95.008.
Except $5,000,000 at 9i.l30.
Except $5,000 at 95.649, $3,100,000 at 95.639, and $300,000 at 95.633.
Except $5,300,000 at 9^.170.
Except $2,000 at 9i.500.
Except $81,000 at 98.205, $21,000 at 98.125, $21,000 at 98.120,
$21,000 at 98.115, and $81,000 at 97.777.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
Table
3.
-
New Money Financing
through Regular Weekly Treasury Billsi/
(Dollar amounts in millions)
Description of issue
196i- July
Number of
days to
maturity
Uatiirity
date
Issue
date
196>4-October
16.
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
Increase, or
decrease (-)
(Percent)
91
182
*2,123
tl,202
1,409
902
3.549
22
21
91
182
2,070
1,333
1,201
900
3.502
3.619
100
15
1965-January
U
3.448
$103
July
23.
i964-0ctober
1965-January
July
30.
i964-0ctober
1965-January
29
28
91
182
2,204
1,889
1,201
902
3.475
3.591
101
September 10
1964-December
1965-March
10
11
91
182
2,169
1,464
1,302
901
3.514
3.649
101
September 17.
1964-December
1965-Maroh
17
18
91
182
2,083
1,474
1,302
900
3.541
3.693
102
September 2^.
1964-December
1965-Maroh
2A
25
91
182
2,200
1,624
1,302
901
3.542
3.692
101
1964.-December
31
91
182
2,086
1,451
1,301
900
3.555
3.711
100
99
October
1965-January
January
February
1
1965-April
1
21
April
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3.960
28.
April
July
29
29
91
182
2,185
2,465
1,203
1,003
3.848
3.946
104
May
August
6
91
182
2,226
2,470
1,203
1,004
3.888
3.968
105
5
91
i.
February
11,
May
August
13
12
182
2,242
2,448
1,200
1,001
3.903
3.987
100
February
18,
May
August
20
19
91
182
2,074
2,162
1,200
1,000
3.936
4.015
98
February
25,
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3.989
4.043
102
3
2,359
2,304
1,200
1,000
3.982
4.037
100
2
91
182
91
182
2,368
2,024
1,203
1,000
3.922
3.984
94
23
3.921
3.993
102
200
March
4.
June
September
March
25,
June
September
April
1
July
September
April
8.
April
15.
1966- January
30
91
182
2,061
1,938
1,200
1,002
July
October
3
7
91
182
2,281
2,188
1,202
1,001
3.942
3.993
July
October
15
14
91
182
2,336
1,832
1,201
1,001
7
7
91
182
1,966
1,933
1,304
1,003
3.937
3.991
4.532
4.718
4.585
4.737
102
L966- April
6,
July
1
97
105
January
13.
April
July
14
U
91
182
2,258
2,004
1,302
1,000
January
20
April
July
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4.770
97
27
April
July
28
28
91
182
2,084
2,305
1,301
1,000
4.596
4.699
101
January
February
3
May
August
5
•
91
182
2,145
1,672
1,301
1,000
4.638
4.740
98
February
10.
May
August
12
11
91
182
2,401
2,010
1,304
1,001
4.650
4.775
104
February
17.
May
August
19
18
91
182
2,365
1,984
1,300
1,001
4.695
4.876
100
February
24.
May
August
26
91
25
182
2,404
2,095
1,311
1,001
4.696
4.892
111
Footnotes at end of table.
(Continued on following page)
January 1967
35
PUBLIC DEBT OPERATIONS.
Table
3.
-
New Money
Financing through Regular Weekly Treasury Bills V- (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
March
3
March
10.
March
17
March
24.
March
31
Maturity
date
June
September
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury
Date subscription books
Bills
January 1967
37
PUBLIC DEBT OPERATIONS.
Table
Date subscrip-
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
Source: Daily Treasury statement; Bureau of the Public Debt.
1/ Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
In reaccepted bids. For details of bill offerings, see Table 2.
openings, the amount issued is in addition to the amount in original
offering.
2/ From date of additional issue in case of a reopening.
Subscriptions shown are from the public, but amounts issued include
allotments to Government investment accounts.
4/ For maturing securities exchanged for the new issues, see Table 7.
One-year bills issued monthly beginning September 3, 1963.
6/ 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.
7/ 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.
8/ 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 5)
2/ Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 196410/ 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
accoionts 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.
11/ Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the 15th of the month immediately preceding
maturity.
12/ Exchange offering available to owners of nonmarketable 2-3/4% Treasury bonds. Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1.
Amounts shown are as of December 31, 1966.
Subscriptions were permitted to be made with payment in cash or in
13/
4-7/855 notes or 3-3/4% notes, both maturing November 15 f 1964 (see
Table 7, footnote 8).
14/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1964.
15/ 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 ijo case less than $100,000.
16/ 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.
17/ Subscriptions were permitted to be made with payment in cash or in
2-5/8% bonds maturing February 15, 1965 (see Table 7, footnote 10).
IB/ Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
19/ 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
^
^
20/
21/
22/
2^/
24/
2^/
26/
27/
28/
29/
30/
and the Federal Reserve Banks, totaled $582 million and, as provided in
the offering circulars, were allotted in full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,054
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.
Includes $4,253 million allotted to Federal Reserve Banks and Government
investment accounts of the 4% notes and $65 million of the 4-1/4% bonds.
Includes $3,051 million allotted to Federal Reserve Banks and Government
investment accounts of the 4% notes and $1,076 million of the 4% bonds.
Subscriptions were permitted to be made with payment in cash or in
3-1/2% notes or 4% notes, both maturing November 15, 1965 (see Table
7, footnote 13).
Consists of allotments on subscriptions frc«n holders of Treasury
notes maturing November 15, 1965.
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, totaled $7,169 million and,
as provided in the offering circulars, were allotted in full where
the subscriber made the required certification of ownership of notes
mat\iring November 15, 1965.
Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less than
$200,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14-5 percent but in no case less
than $50,000.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $1,250
million of the 4-7/8% notes and $1,121 million of the 5% notes.
Includes $6,685 million allotted to Federal Reserve Banks and
Government investment accounts.
Includes $4,431 million allotted to Federal Reserve Banks and Government investment accounts of the 5-1/4% certificates and $1,519 million
of the 5-1/4% notes.
9-month and one-year bills issued monthly beginning September 30, 1966.
Subscriptions were permitted to be made with payment in cash or in
3-3/8% bonds, 4% notes or 4—3/4% certificates maturing November 15,
1966.
21/ Consists of allotments on subscriptions from holders of Treasury bonds,
Treasiory notes and Treasury certificates of indebtedness maturing
November 15, 1966.
32/ 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, totaled $943 million for the
5-5/8% notes and $75 million for the 5-3/8% notes as provided in the
offering circulars, were allotted in full where the required certification of ownership of securities maturing November 15, 1966 was
Subscriptions from all other investors were subject to allotmade.
ment and totaled $4,918 million for the 5-5/8% notes which were allotted
30 percent, and $13,954 million for the 5-3/8% notes which were allotted
10 percent; subscriptions for $100,000 or less were allotted in full,
and subscriptions for more than $100,000 were allotted not less than
$100,000.
33/ Sale of a "strip" of Treasury bills, consisting of an additional $400
million of three series of outstanding one-year Treasury bills maturing
March 31, April 30, and May 31, 1967.
Issued for cash and in exchange for Treasury bills maturing November
^J^/
25,
p
1966.
Preliminary.
Treasury Bulletin
AO
PUBLIC DEBT OPERATIONS.
Table
6.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Treasury Bills 1/
(
Issues
In millions of dollars
January 1967
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS.
Table
7. -
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
January 1967
43
.PUBLIC
Table
7.
-
DEBT OPERATIONS.
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
-
(Continued)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS.
Table 7. - Disposition of Matured Public Marketable Securities
Other than Kegular Weekly Treasury Bills - (Continued)
Date of
January 1967
45
PUBLIC DEBT OPERATIONS.
Footnotes to Table
Source: Daily Treasury statement; Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Advance refunding offering. Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 195^ as added by Public Law
86-3^6, 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.
4/ Reopening of an earlier issue.
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 i.
Excess of maturing 5% notes and 3-3//*.% notes over allotments of new
securities on subscriptions from holders of those notes {see Table 4»
footnotes 9 and 10).
1/ Rolled over into a one-year bill (see Table 4.).
Holders of the maturing notes were not offered preemptive rights to
8/
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the U% notes offered in the
amount of about $9 lA billion. For detail of offering, see Table 4-.
2/ Excess of maturing 1^-1/8% notes and 3-1//*% notes over allotments of
new securities on subscriptions frcan holders of those notes (see Table
4, footnotes 14. and 15).
10/ Holders of the maturing bonds 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 /*.% notes offered in
the amount of about $2,170 million.
For detail of offering, see
Table 4.
11/ Excess of maturing 2-5/8^ bonds over allotments of the new security
on subscription, from holders of those bonds (see Table 4, footnotes
18 and 19).
^
12/
12/
Uj
1^
16/
7
Tax anticipation issue; for detail of offerings beginning 1965, see
Table i; for amounts redeemed for taxes and for cash see "Note" below.
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 $9,700 million offering of A-1/A% notes. For detail of offering, see Table AExcess of maturing 3-1/2^ notes and i % notes over allotments of new
securities on subscriptions from holders of those notes laee Table 4,
footnotes 23 and 2A)._
Rolled over into 9-month and one-year bills under new program
beginning September 30, 1966 (see Table 4.).
Holders of the maturing bonds, notes and 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
5-5/3? notes offered in the amount of about $2,500 million or the
5-3/8? notes offered in the amount of about $1,600 million. For detail
of offering, see Table i.
Excess of maturing 3-3/8? bonds, Uf> notes and 4-3//.$ certificates over
allotments of new securities on subscription from holders of those
bonds, notes and certificates (see Table 4, footnotes 30 and 31).
Preliminary.
r
Revised.
,
17/
p
Note:
Information on retirement of tax anticipation issued referred to
in footnote 12, in millions of dollars:
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS.
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable In U. S. Dollars)
Month of
47
January 1967
PUBLIC DEBT OPERATIONS.
Table
Issued
8.
-
Foreign Series Securities (Nonmarketable)
Countries - (Continued)
to Official Institutions of Foreign
(Payable in U. S. Dollars)
Treasury Bulletin
48
.PUBLIC
DEBT OPERATIONS.
Table 8. - Foreign Series Securities (Nonmarketahle)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
January 1967
50
January 1967
51
.PUBLIC
DEBT OPERATIONS.
Table 9. - Foreign Currency Series Securities (N on marketable)
Issued to Official Institutions of Foreign Countries - (Continued)
52
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Series E and H are tne only savings bonds currentlySeries E has been on sale since May 1, 19'*-1.
being sold.
JO,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Series
Interest yields, maturities, and other terms appear In the
1, 1935, through April JO, 1941.
Series F and G were sold from May 1, 19'*^1. through April
Treasury Bulletins of April 1951, May 1952, May 1957, October and December 1959. and May and October I961.
and Series H has been on sale since June 1, 1952.
A-D were sold from March
Table
1.
-
Sales and Redemptions by Series, Cumulative through
(In millions of dollars)
Footnotes at end of Table
4.
December
31,
1966
.
,
.
.
,
January 1967
53
.UNITED STATES SAVINGS BONDS
Table
3.
-Sales and Redemptions by Periods, Series
(In millions of dollars
Sales 1/
Period
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Series E and H combin
Fiscal years:
1941-57
1958
1959
i960
89,076
4,670
4,506
4,307
4,464
4,421
4,518
4,656
4,543
4,650
1961
1962
1963
1964
1965
1966
11,431
Calendar years:
91,270
4,689
4,320
4,350
4,539
4,278
4,760
4,609
4,486
4,860
1'54l-57
1958
1959
I960
1961
1962
1963
196^
1965
1966
Months:
1965-Dec ember.
329
139
966- January .
473
345
457
426
413
397
150
125
127
119
117
145
411
387
403
153
127
133
119
118
148
1
February
March ....
April ....
May
June
July
August,.
September
October .
November
December.
408
367
372
Fiscal years:
l9i1-57
1958
1959
I960
1961
1962
1963
1964
1965
1966
Calendar years:
1941-57
1958
1959
I960
1961
1962
1963
1964
1965
1966
Months:
1965-December.
1966- January. .
February .
March. ...,
April
May
June
,
,
July
August. ...
September
October . .
November
December.
,
E through K
J
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing.debt
Ireasury nulletin
54
.UNITED STATES SAVINGS BONDS.
Table
3.
-
Sales and
Redemptions by Periods,
E through K
Series
-
(Continued)
(In millions of dollars)
Redemptions l/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
^
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years ;
58,619
4,951
4,889
5,181
4,394
4,343
4,203
4,363
4,538
4,801
54,092
4,526
4,196
4,092
4,295
3,673
3,613
3,461
3,609
3,705
3,904
755
797
386
721
713
742
754
833
897
6,031
61,171
4,658
5,225
4,729
4,249
4,349
4,229
4,425
4,650
4,913
56,266
3,931
4,342
3,935
3,546
3,595
3,495
3,646
3,737
3,997
4,905
727
883
794
703
754
733
780
863
916
139
443
357
291
150
125
127
119
117
145
582
568
372
440
424
387
405
U6
406
394
438
380
334
331
324
361
312
275
297
75
70
77
68
85,157
3,889
3,638
3,603
3,689
3,674
3,914
4,136
4,112
4,246
11,431
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
1,542
96,588
87,051
3,802
3,598
3,632
3,711
3,624
4,185
4,132
4,uv2
4,450
12,006
1,178
1,169
1,224
1,293
1,372
1,404
1,491
1,514
1,580
99,056
4,979
4,767
4,856
5,003
4,996
1965- December,
305
1966- January
February
March
April
May
June
433
317
407
387
19-il-57
1958
1959
1960
1961
1962
1963
1964
1965
1966
Calendar years;
1941-57
1958
1959
I960
1961
1962
1963
1964
1965
1966
,
,
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,514
5,787
5,589
5,623
5,D*j6
219
191
206
188
212
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
41,853
278
212
199
208
198
190
224
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
41,504
42,398
65
12
41,504
122
71
84
79
70
74
22
14
25
18
21
19
41,497
41,552
41,620
41,684
41,768
41,853
22
18
18
15
15
15
41,950
42,019
42,067
42,168
42,282
42,398
201
188
Months:
. .
.
375
364
July
August.
September.
October.
November.
December.
.
.
.
372
355
372
377
345
153
127
133
119
118
148
441
534
506
493
509
525
482
504
495
463
495
301
357
345
317
331
59
67
Series H
Fiscal yea rs;
1952-57..'.T. ...
1958
1959
1960
1961
1962
1963
1964
1965
1966
,
Calendar years:
1952-57
1958
1959
1960
1961
1962
1963
1964
1965
1966
704
775
747
604
3,919
782
818
704
775
747
604
521
431
404
431
404
3,919
782
818
4,218
,
887
722
718
828
654
575
477
394
410
521
4,218
887
722
718
828
654
575
477
394
410
390
236
217
322
233
260
298
373
449
504
525
198
294
267
235
287
328
416
467
564
3,529
4,075
4,676
390
236
217
322
233
260
298
373
449
504
525
198
294
267
235
287
328
416
467
564
201
188
219
191
206
188
212
5,989
6,695
7,193
7,546
7,716
7,829
278
212
199
208
198
190
224
3,693
4,333
4,811
5,540
6,345
6,912
7,367
7,627
7,744
7,815
5,259
Months:
1965-December,
25
25
38
38
1966-January
February
March
April
May
June
40
29
40
40
48
40
43
.
.
50
July
August. .
September.
October. .
November
December.
.
.
Footnotes at end of Table 4.
29
50
40
38
33
.
39
32
31
31
23
24
53
53
40
38
33
42
42
40
42
42
40
39
32
31
31
23
24
42
42
42
42
85
49
39
42
85
49
39
42
7,74^
22
14
25
18
21
19
7,767
7,762
7,785
7,801
7,817
7,829
22
18
18
15
7,848
7,857
7,821
7,819
7,817
7,815
15
15
55
January 1967
UNITED STATES SAVINGS BONDS.
Table
4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Period
56
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table
1. -
Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued by the U.S. Government
Held by U.S. Government
investment accounts 2/
Total
Federal
securities outstanding
End of
fiscal year
or month
Total
outstanding
1/
Total
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
321,359
276,U4
1965- December.
15,585
15,960
16,016
16,058
16,292
16,692
50,696
53,235
53,068
51,888
52,550
51,993
42,380
42,518
42,907
42,975
43,912
44,282
66,281
69,195
69,085
67,945
68,842
68,685
Dally Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U.S. Governinent
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
Source;
1/
2/
4,407
4,392
4,418
4,366
4,433
4,477
488
483
501
497
494
494
92
90
90
396
393
411
409
409
410
4,401
4,724
4,735
4,588
4,554
4,298
52,971
52,956
53,074
52,999
52,968
52,902
48,805
51,120
40,565
40,189
40,734
40,713
41,480
42,169
314,880
319,697
320,014
322,301
324,858
325,021
4,391
317
335
357
371
370
367
153,247
155,028
154,949
158,381
159,135
159,152
40,768
44,356
45,781
45,959
319,768
324,904
325,250
327,387
329,906
329,814
.
354
96
98
97
96
94
94
206,218
207,983
208,023
211,380
212,104
212,054
46,255
15,529
15,824
15,638
15,469
15,582
15,497
July
Augus t
September
October.
November.
December.
100
413
433
454
467
464
460
53,482
53,344
53,368
53,189
53,253
53,079
15,512
U,921
453
53,549
163,667
163,782
160,883
160,926
158,807
153,566
61,767
317,599
318,921
316,582
315,219
317,927
315,431
450
367
160,430
206,645,
2/
4/
15^220
interest
94
217,149
217,126
214,251
214,115
212,060
206,645
66,618
no
2,042
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
213,979
127,179
134,593
144,983
149,546
151,392
157,418
160,361
159,575
322,419
323,746
321,454
320,051
322,825
320,369
Government
investment
accounts
Matured
debt
and
debt
bearing
2/
153,566
189,949
193,418
201,235
201,459
202,417
208,483
211,721
211,598
210,776
Held by
private
investors
2/
U.S.
106
101
110
139
240
444
605
812
589
460
23,035
25,438
26,044
26,523
27,253
29,663
32,027
34,794
39,100
^2,169
59,885
61,606
61,597
60,390
64,387
66,618
Held by
Total
outstanding
62,770
58,825
56,252
51,913
51,025
51,065
51,360
52,023
53,556
53,079
46,827
46,246
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
63_,236
^
Public
nonmarketable
issues
Public
marketable
issues
8,674
9,596
9,799
10,360
10,959
11,357
13,405
14,337
14,586
15,497
55,501
55,842
54,554
55,259
56,002
56,296
58,206
60,964
1966- January.
February .
March. ...
April. . .
May
June
.
Special
issues
Held by
Federal
Reserve
banks public
316,515
270,634
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Public
issues
Interest-bearing securities guaranteed by the U.S. Government
Held by private
investors 2/
56
50
54
63
79
87
46
47
60
153
277
440
653
167
165
159
139
89
85
84
whose investments are handled outside the Treasury.
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!/
(In millions of dollars; negative figures are net sales)
Year
1940.
1941.
1942.
1943.
19U.
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
Jan.
Feb.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
1956.
1957.
1958.
1959.
I960.
1961.
1962.
1963.
-1.3
14.3
-123.4
14.1
17.5
-5.6
76.9
80.7
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
142.1
1964.
1965.
1966.
148.7
397.6
75.1
101.1
210.9
334.5
1/
-5.7
5.8
-72.9
-11.5
-5.9
-4.7
.1
-6.6
36.8
22.1
24.6
7.0
23.0
Apr.
-l.b
-.7
.4
-16.5
-55.6
3.3
-61.3
12.9
-22.4
18.9
10.7
13.4
10.6
62.2
43.1
56.1
18.9
293.5
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
32.3
111.3
83.2
38.2
44.6
5.1
6.3
482.7
.5
June
.4
-145.8
20.5
-56.4
-69.8
-359.2
7.0
27.1
Aug.
Sept.
.3
.4
-338.6
-30.4
-54.7
-1.9
11.4
1.1
-88.4
Oct.
-.3
-1.1
60.0
1.0
-2.3
-67.8
-18.5
-17.0
-157.8
-609
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
5.4
-.1
8.2
4.4
3.8
-2.0
4.7
1.9
7.2
4.6
.
Nov.
-4.4
-.2
.4
-35.2
-10.0
-34.4
July
.9
-.2
.3
-12.1
1.5
1.1
8.4
19.9
36.2
-2.9
29.9
106.8
May
-5.0
-5.9
.3
-123.0
-14.1
-57.6
221.0
.1
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
-3.6
11.7
-1.1
14.2
7.9
11.5
10.7
5.1
3.5
1.5
20.1
-45.5
22.5
1.4
7.9
-21.7
74.8
-17.2
20.3
5.0
2.8
3.5
38.4
-10.0
11.8
53.1
21.8
24.2
39.9
656.2
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
73.9
49.2
182.4
445.5
32.2
35.5
25.6
61.9
-59.0
9.4
26.4
19.1
18.3
44.4
17.3
-304.4
33.5
8.4
10.3
10.6
28.3
3.4
25.1
325.5
373.1
56.2
26.6
17.3
41.1
25.5
36.8
-23.3
345.7
83.9
-67.3
55.1
71.6
105.5
57.3
-25.4
436.7
155.8
143.1
298.8
141.0
69.7
59.4
28.7
145.9
60.3
223.4
578.6
264.1
169.8
198.6
55.5
126.2
39.8
-12.5
100.1
233.0
105.9
2.9
35.9
2.8
•56.2
5.7
313.4
-86.3
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U.S. Government for (l) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U.S., (2) accounts under the control of certain U.S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
.2
.4
4.8
-12.0
-20
696,
-.2
-.1
7.0
29.0
8.2
.6
41.0
234.8
21.3
33.3
43.7
113.1
39.7
27.8
19.5
33.8
116.8
-1.9
.3
of the Treasury of any outstanding securities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 7548).,
This table excludes (1) all investment transactions for the Exchange
Stabilization Fund; and (2) all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
Less than $50,000.
i
January 1967
57
.OWNERSHIP OF FEDERAL SECURITIES
Table
3.
-
Estimated Ownership of Federal Securities
{Par values 1/ in billions of dollars)
Held by banks
Total
Federsd
securities
outstanding 2/
Held by private nonbank investors
U.
Commercial
banks
Federal
Reserve
Banks
S.
Government investment
accounts
Individuals I^
Savings bonds
Total
Total
Other
Series
E and H
Other
series
^
securities
Mutual
Insurance savcompEinies ings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
Other misand inter- cellaneous
national
investors
8/
2/
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
2.2
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.
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
256.7
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
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
9.4
9.6
4.2
4.3
259.2
267.4
61.1
63.4
22.9
24.7
U.3
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
45.9
266.1
275.2
58.8
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
9.5
9.2
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
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
16.5
19.1
13.9
14.4
6.0
6.3
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
14.8
15.0
14.6
8.7
8.5
18.6
23.2
14.7
15.4
6.8
7.5
272.8
276.7
57.3
59.5
23.3
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
16.3
15.8
13.6
13.2
8.4
8.7
8.0
17.3
18.7
16.1
16.3
7.9
7.8
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
21b. i,
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
U.l
283.0
18.1
16.3
16.5
6.5
7.7
28i.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
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
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
18.7
18.8
18.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.6
44.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
13.5
19.3
19.0
12.7
13.4
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
306.5
305.5
307.2
307.3
307.1
308.9
310.1
64.4
63.3
61.7
63.0
63.2
62.8
64.3
32.0
32.5
58.4
33i7
33.6
57.1
58.9
58.3
57.2
57.7
58.0
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.1
66.9
67.2
67.5
67.7
68.0
68.2
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
19.3
19.5
19.7
19.9
20.1
20.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
6.1
6.1
6.1
6.0
5.8
5.8
5.8
18.7
18.8
19.5
18.0
18.7
19.8
18.7
21.5
21.4
21.6
21.2
20.9
20.6
21.1
15.8
15.6
15.9
16.0
15.9
16.0
15.9
309.3
311.1
310.4
308.4
312.3
312.5
312.0
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
61.8
61.8
60.5
61.2
60.6
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.0
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
1.3
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
316.5
316.5
319.3
318.7
62.9
62.2
61.6
61.1
60.0
60.2
59.5
60.1
61.9
62.2
63.6
64.0
20.8
21.1
11.3
11.3
11.2
11.0
11.0
10.9
10.9
11.0
11.2
11.2
11.2
11.1
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.8
5.7
5.7
20.0
21.0
19.8
20.2
20.8
18.5
19.0
19.0
17.7
18.7
18.5
17.9
21.2
21.4
21.7
22.6
22.6
22.5
22.2
22.6
22.1
21.9
21.6
15.9
15.9
15.6
15.3
15.4
15.6
15.8
16.0
16.3
16.3
16.6
16.7
318.6
320.6
318.4
317.2
319.8
317.9
317.1
318.7
317.3
319.4
322.2
321.4
62.9
61.7
60.4
59.7
58.4
58.3
57.3
56.5
57.5
59.7
60.0
60.9
36.7
36.9
37.6
37.8
38.7
3°.l
39.2
39.0
39.8
39.7
40.6
40.8
59.1
60.4
60.7
59.2
62.7
63.4
62.3
64.8
63.6
62.3
62.8
61.9
160.0
161.6
159.8
160.6
160.1
157.1
158.3
158.4
156.4
157.8
158.8
157.8
70.6
71.0
71.5
71.2
71.2
71.1
71.8
71.8
72.2
72.2
72.3
72.3
48.0
48.1
48.2
48.2
48.3
48.3
48.4
48.5
48.5
48.6
48.7
48.8
1.0
1.0
1.0
1.0
21.5
21.8
22.3
22.0
22.0
21.8
22.5
22.4
22.8
22.8
22.7
22.7
11.3
11.2
11.1
11.0
10.9
10.6
10.6
10.6
10.6
10.5
10.4
10.4
5.«
5.9
6.0
5.8
5.8
5.8
18.6
19.0
17.2
17.0
17.6
15.1
15.9
16.1
14.7
15.6
16.7
15.5
22.2
23.0
23.2
24.3
24.4
24.1
24.0
23.6
23.0
23.0
22.7
22.8
16.5
16.6
16.0
16.0
15.8
15.7
322.4
323.7
321.5
320.1
322.8
320.4
61.0
58.7
56.9
56.8
54.9
54.5
40.6
40.2
40.7
40.7
41.5
42.2
60.0
61.7
61.7
60.5
64.5
66.7
160.9
163.2
162.1
162.0
161.9
157.0
73.3
73.9
75.1
74.9
74.6
74.3
48.8
48.9
49.0
49.0
49.1
49.2
.8
23.7
24.3
25.4
25.2
24.8
24.4
10.4
10.3
10.2
10.1
10.0
9.7
5.5
5.5
5.5
5.3
5.2
5.1
16.5
17.4
15.7
15.7
16.5
23.5
24.3
24.0
U.4
24.7
23.9
16.4
16.2
16.0
15.7
15.6
15.4
49.3
49.4
49.4
49.5
49.7
.6
24.5
24.8
25.5
25.9
25.8
9.7
9.7
9.7
9.6
9.7
5.0
5.0
5.0
4.8
4.8
14.8
15.2
14.6
15.9
16.8
24.2
24.0
23.7
23.8
23.6
15.3
15.4
15.2
15.2
15.3
3U.9
32.4
32.6
32.8
157.8
74.4
66.4
42.4
319.8
53.2
74.7
158.7
42.5
324.9
54.4
69.3
159.0
75.4
69.2
42.9
54.2
325.3
161.7
75.9
68.0
327.4
43.0
54.7
162.2
75.9
329.9
68.9
54.9
43.9
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 redejnption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury,
Consists of Gonmercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1.1
1.1
1.1
1.1
1.0
.9
.9
.9
.9
.9
.7
.7
.6
.6
.5
.5
.4
.4
y
2/
20.9
21.0
9.8
5.7
5.7
5.7
5.5
5.4
5.4
21. 2r
24.6.
5.3
15
15
16
16
16
16
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance cortpanies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutiona,
corporate pension trust f\inds, and dealers and brokers.
Preliminary.
Immediate postwar debt peak, p
Treasury Bulletin
58
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER
The monthly TreEisur/ Survey of Ovmership covers securities Issued by the United States Government and by FedThe banks and insurance companies included
eral agencies.
in the Survey currently account for about 90 percent of all
The similar
such securities held by these institutions.
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments,
Data were first published for banks and in70 percent.
surance companies in the May 194.1 Treasury Bulletin, for
Section
I
-
30, 1966
corporations and savings and loan associations In the September I960 Bulletin, and for State and local governments
in the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 1954 Bulletin.
Securities Issued or Guaranteed by the United States
Table
1. -
Summary
of All Securities
Government
January 1967
59
_ TREASURY SURVEY OF OWNERSHIP,
Section
I -
Table
NOVEMBER
30, 1966.
Securities Issued or Guaranteed by the United States Government
3. - Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollarsj
Held by investors covered in Treasury Survey
State and local
governments
Insurance companies
Issues
Total
amount
outstanding
5,915
commercial
banks
2/y
Treasury bills:
Regular weekly and annual
maturing:
1966-Feb. 1967
Deo.
Mar. 1967-May 1967
June 1967
July 1967
Aug.
1967
Sept. 1967
Oct.
1967
Nov.
1967
Tax anticipation:
Mar.
1967
Apr.
1967
June 1967
Total Treasury bills
Certificates of indebtedness:
Aug.
1967-A
5-1/4*
Treasury notes:
Feb!
~A$
3-5/8
Feb.
4-1/4
4-7/8
3-3/4
4-7/8
5-5/8
5
5-1/4
5-3/8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
May
Aug.
Aug.
Nov.
Feb.
Nov.
May
Nov.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1967-C
1967-B
1967-D
1967-E
1967-A
1967-F
1968-A
1970-A:
1971-A
1971-B
1967-EA
1967-33
1968-EA
1968-EO
1969-EA
1969-EO
1970-EA
1970-EO
1971-EA
1971-EO
Total Treasury notes
Treasury bonds;
2-1/2$
June
2-1/2
Dec.
2-1/2
June
2-1/2
Dec.
2-1/2
Mar.
2-1/2
Mar.
2-1/2
June
2-1/2
Sept.
3-5/8
Nov.
2-1/2
Dec.
3-7/8
May
Aug.
3-3/4
3-7/8
Nov.
Feb.
4
Oct.
4
Feb.
4
Aug.
4
Aug.
4
3-7/8
Nov.
Feb.
4
Aug.
4
4
Aug.
4-1/8
Nov.
4-1/8
Feb.
4-1/4
May
3-7/8
Nov.
4-1/4
May
3-1/4
June
1962-67
1963-68
1964-69
1964-69
1965-70
1966-71
1967-72
1967-72
1967
1967-72
1968
1968
1968
1969
1969
1970
1970
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85
1978-83
Footnotes at end of Section II.
503
mutual
savings
banks
2/
32,927
17,212
1,502
1,495
1,501
900
905
900
2,535
2,374
317
286
254
2,006
2,510
2,007
193
254
228
6,855
422
5,919
530
771
846
1,116
373
1,366
427
43
9
67
457
212
115
61
159
88
113
58
130
224
7U
2,727
1,110
909
8
3
9
1
2
1
3
6
10
10
119
54
159
135
45
55
21
73
8
«
14
16
27
50
2
183
56
3
1
3
12
1
9
11
7
147
424
502
690
277
571
3,942
4,485
112
163
326
109
205
87
221
49
113
106
1
45
44
5
33
2
2
3
17
6
80
26
23
182
77
22
55
5
109
47
40
4
5
3
5
7
66
1
21
1
3
n
40
10,997
573
,429
,790
546
,494
,291
,379
,266
674
908
1,231
1,159
788
462
13
30
71
85
57
27
27
17
17
32
37
2
1
1
170
26
101
107
15
116
118
162
53
31
19
70
56
U.S. Government investment accounts
and Federal
Reserve banks
6,859
3,453
426
416
377
241
177
392
223
263
109
313
12,935
4,436
1
1
2
1
52
4
177
100
24
23
10
5
3,256
409
6,818
1,310
374
6,996
939
1,393
1,738
45
10
46
17
1
48,267
23
10
132
12
25
31
9
22
19
233
43
48
87
126
24
2
2
18
10
101
203
99
49
24
5
8
84
18
1
19
35
316
pension
general and refunds
tirement
funds
2,490
1,029
290
190
134
20
15
26
43
231
68
47
191
682
1,298
64
27
151
,358
,748
,117
,929
.135
,635
,675
265
,734
270
470 fire,
casualty,
and
marine
469
corporations
284
180
43
7
63,864
295
life
488
savings
and loan
associations
3
]__
952
,019
,654
460
747
.591
728
256
,381
,129
,806
,760
,3U
,579
,3<;i4
356
,130
592
,242
.217
577
347
1,075
528
581
572
1,463
608
970
1,965
1,925
1,342
977
1,062
765
767
1,214
1,715
1,175
1,308
374
84
43
74
33
53
161
149
150
94
76
130
105
185
216
127
278
55
U
27
45
562
379
1,706
1,137
3
36
80
85
68
108
15
21
33
38
19
18
41
288
98
148
7
21
35
24
18
45
79
24
23
8
76
8
12
4
6
42
10
18
14
15
32
55
98
31
43
31
35
36
145
78
39
134
51
53
85
22
65
45
103
42
72
145
110
131
86
137
108
126
158
182
168
138
103
16
40
59
81
66
84
163
145
148
78
93
101
76
218
189
159
108
60
32
30
79
47
12
32
65
41
20
40
149
41
20
42
65
21
1
17
10
5
2
27
6
24
8
3
1
24
38
34
36
43
19
91
164
140
186
86
107
271
193
47
23,289
2
157
222
422
6
17
29
40
21
24
8
4
59
35
14
3
3
42
10
78
86
139
43
55
28
45
77
91
175
180
74
64
141
67
225
14
20
515
668
355
124
80
602
220
474
609
131
1,361
584
455
406
596
412
251
48
66
77
168
495
475
280
488
412
670
412
360
201
55
Treasury Bulletin
60
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER
Section
Table
3.
I
-
30. 1966.
- Securities Issued
or Guaranteed by the United States Government
Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered In Treasury Survey
Total
amount
outstanding
Issues
Insurance companies
5,915
commercial
banks
503
mutual
savings
banks
295
life
2/
Treasury bonds - (Continued)
Feb.
1980
A%
3-1/2 Nov.
1980
May
1985
3-1
1987-92...
i-1/4 Aug.
Feb.
1988-93...
A
4-1/8 May
1989-9'i.
3-1/2 Feb.
1990
Feb.
1995
3
3-1/2 Nov.
1998
2,605
1,911
l,12i
3,818
250
1,560
4,894
2,021
4,398
79
113
87
150
103
36
218
170
393
135
198
34
470 fire,
casualty,
and
marine
60
50
134
2
44
155
79
35
987
59
42
386
62
865
86
20
26,826
3,578
217,239
Total Treasury bonds
Total public marketable
securities
i69
corporations
45,208
4,600
37
S, Government invest316
pension ment accounts
general
and re- and Federal
funds
tirement Reserve banks
funds
20
144
202
71
5
22
1
7
37
344
155
258
4.
-
334
123
128
339
36
511
948
130
949
728
710
189
1,007
58
481
1,139
158
29
91
3,892
3,246
2,919
1,363
4,223
5,318
17,444
4,084
4,089
3,893
7,124
9,978
5,678
58,103
Footnotes at end of Section II.
Table
U.
191
171
12
10
23
321
3
67
157
29
State and local
governments
65
34
110
23
287
99,189
.
i88
savings
and loan
associations
Interest-Bearing Public Nonmarketable Securities by Issues
January 1967
<5l
.TREASURY SURVEY OF OWNERSHIP, NOVEMBER
Section
II
-
30, 1966.
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
62
TREASURY SURVEY OF OWNERSHIP, NOVEMBER
Section
II
-
30, 1966.
Interest-Bearing Securities Issued by Federal Agencies But
- (Continued)
Not Guaranteed by the United States Government
January 1967
63
.MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER
Current market quotations shown here are over-thecounter closing 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.
Table
Amount outstanding
(millions)
13-week
$1,300
26-week
26-week
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Treasury Bills
Bank discount
Issue date
13-week
1. -
Maturity
date
Bid
30, 1966.
Change from
last month
Amount outstanding
(millions)
9-month
one-year
Issue date
9 -month
one -year
Bank discount
Maturity
date
Change from
last month
Treasury Bulletin
64
MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER
Table
4.
-
30, 1966.
Treasury Bonds
(Price decimals are J2ndsJ
Price range since first traded 2/
Amount
outstanding
Description
Bid
2,019
2,a60
2-1/2^
3-5/8
3-7/8
3,747
1,591
1,790
3,728
To first
call or
+ .06
(millions)
Change
from
last
month
Change
from
last
month
maturity
6/15/62-67
11/15/67
5/15/68
98.31
98.24
+.15
+1.00
5.06?
4.85
4.83
3-3/4
3-7/8
2-1/2
4
8/15/68
11/15/68
12/15/63-68
2/15/69
98.07
98.07
96.12
98.06
+.31
+1.05
+1.10
+1.05
2,545
6,255
2,493
4,381
2-1/2
4
2-1/2
4
6/15/64-69
10/1/69
12/15/64-69
2/15/70
95.12
97.18
94.21
97.07
2,289
4,129
1,366
2,806
2-1/2
2-1/2
4
3/15/65-70
8/15/70
3/15/66-71
8/15/71
2,760
2,344
1,265
2,579
3-7/8
4
2-1/2
4
1,951
2,652
3,894
4,355
<^1,429
.05«
Issue
date
High
Price
Price
Date
108.12
100.26
102 04
4/6/46
12/24/62
5/12/61
84.22
97.16
96.08
9/15/59
8/29/66
8/29/66
4.91
4.89
4.47
4.91
.55
.59
.61
.54
4/18/62
9/15/63
12/1/42
8/15/62
101.06
99.19
108.03
102 08
12/26/62
11/12/64
4/6/46
12/24/62
95.17
95.09
82.08
94.30
8/29/66
8/29/66
1/6/60
8/29/66
+1.16
+1.14
+1.25
+1.13
4.52
4.88
4.46
4.97
.59
.62
.60
.47
4/15/43
10/1/57
9/15/43
1/15/65
107.25
110.14
107.24
99.19
4/6/46
4/21/58
4/6/46
1/22/65
81.10
93.29
81.04
93.08
1/6/60
8/29/66
1/6/60
8/29/66
94.11
96.29
93.06
96.22
+1.25
+1.21
+2.04
+1.26
4.42
4.95
4.29
4.81
.56
.48
.54
.43
2/1/44
6/20/63
12/1/44
3/1/62
107.23
100.14
107.22
101.27
4/6/46
8/2/63
4/6/46
12/26/62
80.10
92.18
79.28
91.30
1/6/60
8/29/66
1/6/60
8/29/66
11/15/71
2/15/72
6/15/67-72
8/15/72
96.05
96.16
90.30
96.08
+2.11
+2.10
+2.08
+2.10
4.77
4.78
4.39
4.77
.54
.51
.46
.47
5/15/62
11/15/62
6/1/45
9/15/62
100.28
101.20
106.16
101.20
12/26/62
12/26/62
4/6/46
12/26/62
90.25
91.02
79.12
90.24
8/29/66
8/29/66
1/6/60
8/29/66
2-1/2
2-1/2
4
4-1/8
9/15/67-72
12/15/67-72
8/15/73
11/15/73
90.16
90.10
95.24
96.04
+2.12
+2.16
+2.26
+2.31
4.40
4.37
4.76
4.79
.48
.51
.50
.53
10/20/41
11/15/45
9/15/63
7/22/64
109.18
106.16
99.06
100.01
4/6/46
4/6/46
11/12/64
11/12/64
78.24
79.06
89.24
90.09
1/6/60
1/6/60
8/29/66
8/29/66
4-1/8
4-1/4
3-7/8
4-1/4
2/15/74
5/15/74
11/15/74
5/15/75-85
96.06
97.02
94.28
95.24
+3.02
+2.29
+3.24
+3.26
4.76
4.73
4.66
4.60
.52
.48
.59
.32
1/15/65
5/15/64
12/2/57
4/5/60
99.18
101.07
110.24
105.28
1/22/65
11/12/64
4/22/58
5/5/61
90.08
91.06
88.06
88.30
8/29/66
8/29/66
8/29/66
8/29/66
2,605
1,911
1,577
1,123
4,894
4
3-1/2
2/15/80
11/15/80
6/15/78-83 ij
5/15/85 ij
2/15/90
+3.16
+3.14
+2.14
+2.04
+3.10
4. 61
V
94.00
39.00
84.30
84.00
85.12
.38
.36
.23
.19
.26
1/23/59
IO/3/6O
5/1/53
6/3/58
2/14/58
103.18
97.24
111.28
101.04
106.26
5/12/61
5/12/61
8/4/54
6/11/58
4/21/58
87.30
84.06
80.06
79.22
79.22
8/29/66
8/29/66
8/29/66
8/29/66
8/29/66
3,817
250
1,560
2,006
4,395
2/
5/5/42
3/15/61
6/23/60
3,130
3,592
2,242
1,217
1/
.41
.68
4-1/4
4
4-1/8
8/15/87-92
2/15/88-93
5/15/89-94
2/15/95
11/15/98
4/
L/
k/
4/
4/
95.10
90.16
93.10
84.00
84.28
+3.18
+2.12
+3.20
+3.02
+3.02
4.56
4.63
4.56
.25
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
104.10
100.11
100.26
101.12
12/26/62
1/16/63
8/28/63
6/8/55
5/12/61
88.04
87.08
87.14
78.18
78.26
8/29/66
8/29/66
8/29/66
8/29/66
8/29/66
4
3-1/4
3-1/4
3-1/2
3
3-1/2
y
V
Issued November 25, 1966 in equal amounts of $400 million to outstanding one-year bills maturing March 31, April 30, and May 31, 1967.
Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid aud ask quotations.
"When issued" prices are included in the
history beginning October 1941. Dates of highs and lows in case of
4.58
4.56
4.54
4.53
.17
.25
.20
.20
3.95
4.39
^
ij
.
.
95.
recurrence are the latest dates.
On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par, and
to maturity when it is selling at par or below.
Included in the average yield of long-term taxable Treasury bonds as
shown under "Average Yields of Long-Term Bonds."
January 1967
65
MARKET QUOTATIONS ON TREASURY SECURITIES, DECEMBER
30, 1966.
3
"1
I
iij
u
a:
UJ
a.
o
Treasury Bulletin
66
AVERAGE YIELDS OF LONG-TERM BONDS.
Table
Average Yields of Treasury and Corporate Bonds by Periods
1. -
(Percent per annum)
Period
Treasury
bonds 1/
Moody' s Aa
corporate
bonds
Treasury
bonds 1/
Moody' s Aaa
corporate
bonds
Moody' s Aaa
corporate
bonds
Treasury
bonds 1/
Period
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
62
2.Ab
2.47
2.48
2.37
2.19
2.25
2.44
2.31
19A2
1943
19a
19i5
1946
1947
1948
1949
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
53
61
82
66
2.62
2.86
2.96
3.20
2.90
3.06
3.36
3.89
1958.
1959.
I960.
1961.
1962.
1963.
1964.
1965.
1966.
3.4?
3.79
4.08
4.02
4.38
4.41
4.35
4.33
4.26
4.40
4.49
5.13
4.65
Monthly series - averages of daily series
Treasury
bonds 1/
May
June
1955
2.68 2/
2.78
2.78 2/
2.82
2.81
2.82
July
August..
September
October.
November,
December.
2.91
2.95
2.92
2.87
2.89
2.91
January
February
March
April
May
June
2.88
2.85
2.93 1/
3.07
2.97
January.
February
March..
April ....
.
Moody'
Aaa
corporate
bonds
Treasury
bonds 1/
.
July
August.
September
October.
November.
December.
.
.
.
.
Moody
Aaa
corporate
bonds
1957
3.89
3.81
3.78
3.80
3.73
3.06
3.60
3.63
3.66 2/ 2/
3.73
3.57 2/
3.30 3/
3.90
4.10
4.12
4.10
4.08
3.81
3.60
3.59
3.63
3.60
3.57
3.57
3.24 2/
3.28
3.25
3.12
3.14
3.00
3.17
3.21
3.20
3.30
3.40
3.28
3.43
3.56
3.59
3.69
3.75
3.36
3.60
3.75
3.76
3.70
3.20 2/
3
.
SO
Treasury
bonds 1/
1963
Moody'
Aaa
corporate
bonds
1965
3.88
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.21
4.19
4.19
4.21
4.22
4.23
4.14
4.16
4.15
4.15
4.14 2/
4.14
4.43
4.41
4.42
4.43
4.44
4.46
3.90
4.00
4.02
3.98
3.98
4.06
4.41
4.45
4.45
4.42
4.39
4.42
4.01
4.26
4.29
4.31
4.32
4.33
4.35
4.15
4.19
4.25
4.28
4.34
4.43
4.48
4.49
4.52
4.56
4.60
4.68
4.08
4.09
4.01
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
4.15
4.02 2/
3.98
3.94
3.89
3.87
4.34
4.35
4.32
4.28
4.25
4.24
3.99
4.04
4.07
4.11
4.14
1962
3.67
3.85
4.09
4.11
4.09
4.08
Aaa
corporate
bonds
4.32
4.27
4.22
4.25
4.27
4.33
1958
3.11
3.08
3.10
3.24
3.28
3.27
Treasury
bonds 1/
1961
3.77
3.67
3.66
3.67
3.74
3.91
3.11
3.13
3.10
3.10
3.15
Moody'
'
Treasury
bonds L/
3.34
3.22
3.26
3.32
3.40
3.58 2/
2.93
.
Moody
Aaa
corporate
bonds
'
Treasury
bonds 1/
2.93
2.99
3.02
3.01
3.04
3.05
1956
.
Moody'
Aaa
corporate
bonds
3.86
3.79
3.84 2/
3.91
3.93
3.88
3.87
1964
1966
January 1967
67
AVERAGE YIELDS OF LONG-TERM BONDS
<:::
(/)
Treasury Bulletin
68
EXCHANGE STABILIZATION FUND.
Table
1.-
Balance Sheets as of June
30,
1966p andSeptember 30, 1966p
June 30, 1966p
Assets :
Cash:
Treasurer of the United States, checking account..
Federal Reserve Bank of New York, special account.
Imprest 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/
Oesterreichische Nationalbank
Banque Nationale de Belgique
Banque Nationale de Belgique (l.M.F,)
Banco do Brasll
Bank of Canada
Bank of Canada (l.M.F.)
Banco Central de Chile
Banco de la Republica, Colombia
Deutsche Bundesbank
Deutsche Bundesbank (l.M.F.)
Banco Central de la Republic Domlnlcana
Bank of England
Banca d Italia
Banca d'ltalia (l.M.F.)
De Nederlandsche Bank
Sveriges Riksbank
Banque Nationale Suisse
Bank for International Settlements
'
Investments in:
U. S. Government securities
Foreign securities
Accrued interest receivable
Accrued interest receivable
-
foreign agreements
Interest Purchased
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
Miscellaneous
Total accounts payable
Special deposit accounts
Advance from U. S. Treasury (U. S. drawings on l.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net Income (see Table 3)
Total liabilities and capital
$l,0i3,7/Vi.27
September 30, 1966p
January 1967
69
.EXCHANGE STABILIZATION FUND.
Table
2.
-
Current United States Stabilization Agreements, September 30, 1966
Date of agreements
Country
Original
(Effective)
Brazil
May
Chile
Mar. 13,
Feb.
4,
Colombia
Dominican Republic.
Mexico
Venezuela
16,
1961
70
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table
1.
-
U.S. Gold
Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
End of
calendar year
or month
Gold stock 1/
Total gold stock
and foreign currency
holdings
Treasury
Total 2/
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
17,063
16,156
15,808
15,903
14,587
14,556
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733
13,159
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806
13,235
14,587
13,733
13,806
781
14,450
14,188
14,297
14,190
14,210
14,251
13,732
13,730
13,634
13,632
13,532
13,433
13,811
13,811
13,738
13,668
13,582
13,529
639
377
559
522
628
722
14,506
14,618
13,332
13,259
13,258
13,257
13,159
13,159
13,413
13,319
13,356
13,311
13,262
13,235
1,093
1,299
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966p
1965-Deoember
.
1966- January
February.
March
April
May
June
.
.
July
August. .
September.
October.
November.
December p
.
H,504
.
14,524
14,370
14,556
Foreign
currency
holdings 2/
116
99
212
432
781
1.321
1,U8
1,213
1,108
1,321
Note.
The United States also has a gold tranche position
in the International Monetary Fund, amounting to $325.7 million
as of December 31. 1966
In accordance with Fund policies the United
States has the right to
draw foreign currencies equivalent to this amount
from the Fund
ltT7
""'*^'' appropriate circumstances,
^^ '"""^'"^ri'"^rJJ^/=!'T"''*"^ draw
the United States could
additional amounts equal to the United
1/
States quota of $5,160 million.
Includes gold sold to the United States by the
International Monetary
Fund with the right of repurchase, the proceeds
of which are Invested
by the lund in U.S Government securities; as
of December 31, 1966, this
amounted to $800 million. Of this amount, the
United States purchased
$200 million in 1956, $300 million in 1959, and $300
million in I960.
Beginning September 1965 includes gold
deposited by the International
Monetary Fund ($211.5 million as of October
31, November 30, and
.^"'^ "-^^ P*^"^^ °^ mitigating the impact
of gold
payments I \l^^^
to the Fund for quota increases by
countries which purchased
"*"• ^""^ """^"^ S*«t^= ha^ « correspondIng ild liability .''^If Fund.
inf gold if'hTl
to the
Includes gold in Exchange Stabilization Fund,
which is not included
in Treasury gold figures shown in daily
Treasury statement.
(Data
as of December 31, 1965 and earlier
dates for Treasury gold stock
taken from Circulation Statement of United
States Money.
Includes holdings of Treasury and Federal
Reserve System.
Preliminary.
^
2/
f
Table 2. - U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
End of
calendar year
or month
Amount outstanding
Total
Austria
Payable in Ibreign c\u-rencies
Belgium
Germany
Italy
I
Payable in dollars
Switzerland 1/
Total
Canada 2/
Italy
Sweden
(Dollar equivalent, in millions
1962
1963
1964
1965
1966
251
730
1,086
1965-December.
1,208
Ij.-^OS
342
1966- January.
February
March. ...
April
May
June
July
August
September.
October.
November.
December.
.
912
839
789
713
640
589
490
415
340
?38
238
342
50
50
101
25
200
200
51
30
30
30
30
275
679
602
50
125
125
175
327
350
111
101
30
602
125
350
484
299
160
101
101
101
25
452
401
351
301
251
200
125
125
125
125
125
125
205
182
182
182
158
158
484
484
299
299
299
299
299
299
160
160
200
200
193
188
25
25
75
75
75
30
30
30
30
30
30
75
50
25
25
25
25
30
30
30
30
30
30
150
100
50
125
125
125
125
125
125
110
110
110
299
299
299
174
144
188
50
Note: For complete information on U.S. Treasury
securities (nonmarketable) issued to official Institutions of foreign
countries, see
"Public Debt Operations," Tables 8 and 9.
1/ Includes bonds payable in Swiss francs to the Bank for International
Settlements. Amounts outstanding were $70 million. May
1964 through
58
58
HI
163
354
484
125
329
299
353
lU
524
524
517
512
512
512
512
385
355
353
14/-
13
160
184
25
25
25
25
25
25
25
25
January 1967
71
.INTERNATIONAL FINANCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at $35 per fine troy ounco; negative figures represent net sales
by the United States; positive figures, net acquisitions)
Calendar year
J'^6'^
Area and country
Western Europe:
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Spain
Switzerland
Turkey
United Kingdom
Bank for International Settlements....
Other
Total Western Europe
196/,
July-
-38
-1^4
-63
-35
15
-iO
-513
-23
-10
100
-25
-156
-125
-2
-iOS
-g8i
200
-60
-80
-35
-180
-50
-37
150
-19
-U6
-}:-:
102
-1
-31
1
-306
-23
-3
-38?
329
618
-7
-1
-9
-75i
-1,105
-90
85
57
38
-30
72
-6
-1
-11
-12
-5
-109
175
32
-93
12
-2A
12
-24
-33
1,299
54
10
25
29
56
17
Latin American Republics:
Total Latin American Republics
-i.
Asia;
Japan
Other
Total Asia
Africa
Total Africa
;
-36
Other countries:
Total other countries
Total foreign countries
International and regional organizations
Grand total
Dec.
l':.6<
Canada
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other
Oct.-
Sept.
1961
-970
-36
1,322
-36
1,547
-225 1/
150
Treasury Bulletin
72
INTERNATIONAL FINANCIAL STATISTICSTable
4.
-
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions 1/
(Position at end of oeriod in millions of dollars)
riU
December
Area and country
Western Europe:
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Republic of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
Total Western Europe
Canada
Gold and
shortterm
dollars
923
1,887
/;28
212
5,392
6,258
2^
3,729
2,055
215
780
1,010
833
4,095
14.0
4,020
508
32,733
4,010
Latip American Republics;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
Total Latin American Republics..
Asia;
India
362
350
219
267
12
904
99
273
282
,135
478
4,331
Indonesia
Japan
Philippines
Thailand
Other
306
73
3,071
256
562
2,059
Total Asia
6,327
Africa:
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries
:
Australia
Other 2/
Total other countries
Total foreign countries
International and regional 4/
Grand total
U.S. Gov-
ernment
bonds
and notes
1965
September
Gold and
shortterm
dollars
U.S. Gov-
ernment
bonds
and notes
1966
June
December
Gold and
shortterm
dollars
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
dollars
U.S. Gov-
ernment
bonds
and notes
Gold and
shortterm
dollars
September
U. S. Gov- Gold and
ernment
bonds
and notes
shortterm
dollars
U.S. Government
bonds
and notes
January 1967
INTERNATIONAL
Table
5.
-
FINANflTAT. STATTSTTrs
Liabilities to Foreign Official Institutions
and International and
(In millions of dollars)
Treasury Bulletin
74
.CAPITAL
MOVEMENTS.
Background
Data relating to capital movements between the United
"Short-term" refers to obligations payable on danand
States and foreign countries have been collected since 1935,
or having an original maturity of one year or less, without
pursuant to Executive Order 656O of January 15,
deduction of any offsets.
tive Order 10033 of February
promulgated thereunder.
1934-,
Execu-
8, 19^9, and Treasury regulations
Information on the principal types of
data and the principal countries is published monthly in the
"Treasury Bulletin."
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
Reports by banks, bankers, securities
brokers and dealers, and nonbanking business concerns in the
capital movements between the United States and foreign
United States are made initially to the Federal Reserve Banks,
countries.
The data reported to and published by the Treasury
These
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroad or with their for-
which forward consolidated figures to the Treasury.
The reporting forms and instructions used in the collec-
tion of the statistics have been revised a nximber of times.
The most recent general revision became effective with reports
covering data as of May 31, 1963.1/
A detailed description
of the content of the statistics. Including the changes instituted in 1963, appeared in the July 1963 issue of the "Treasury
Bulletin," pages 79-81.
As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
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
shipments and receipts of United States currency are also
excluded from the Treasury reports
Certain capital trans-
,
actions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
Basic definitions
The term "foreigner" as used in the Treasury reports
balance of payments
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
•
The liabilities data exclude U.S. Treasury letters of
credit, and nonnegotiable, noninterest-bearing special notes
of the United States held by the Inter-American Development
Bank and the International Development Association.
The data on securities transactions and on foreign
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
holdings of U.S. Government bonds and notes exclude non-
organizations, wherever located.
marketable U.S. Treasury notes, foreign series, and
data are reported opposite the foreign
In general,
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official Institution belongs.
Data pertaining to
international and regional organizations are reported opposite
non"-
marketable U.S. Treasury bonds, foreign currency aeries
(see "International Financial Statistics" section. Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections.
Section
I
provides a
"European regional,"
summary of the principal data by period; Section II presents
"Latin American regional," or"Asian regional," as appropriate,
data by country and by period; and Section III shows detailed
the classification "International,"
except for the
Bank
for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
breakdowns of the latest available preliminary data.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or from Federal Reserve Banks.
.
3
.
.
.
.
January 1967
75
.CAPITAL MOVEMENTS.
Section
Table
1.
-
Net Movements
of
I
-
Summary by Periods
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 liabilities to foreigners
Calendar year
or month
945.0
416.4
-940.5
-903.6
1,338.5
479.8
-404.8
1962 2/--1963 4/- • •
1.964 5/. .
1965 6/.
1966 Jan.
Nov. p.
1965-November.
December.
.
.
L966- January 7/.
Febrxiary. .
March
April
May
June
July
August
September .
October p
November p.
.
2/
4/
V
305.4
-836.9 4/
-532.2
-994.1
3,851.1
V
.
2/
-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
,278.1
521.9
L958.
L959.
L960.
L961.
1/
Short-term
banking
funds
-767.6
261.8
280.9
164.5
,576.3
-387.7
,225.2
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
L956.
1957.
Changes in claims on foreigners
Transactions
Net
movement
-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
219.1
1,000.8
3,229.6
1,882.9
1,178.7
1,822.9
1,888.4
2,631.9 5/
-134.8
4,164.6
2,486.0
948.5
2,906.2 5/
198.4
3,367.3
Long-term
banking
funds
U.S. Gov't.
bonds
and
notes 2/
in:
Other
domestic
securities
Total
Short-term
banking
funds
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
5.1
62.1
236.2
203.6
658.6
-728.0
670.9
-337.7
-75.8
-588.8
59.8
206.9
-172.8
-i61.0
727.5
-64.5
-150.6
-1U.3
-21.2
2.3
-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
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
-1,517.5
-2,725.3 4/
-3.164.1
-859.3 67
-313.5
-343.0
-811.6
-1.494.4
325.4 6/
189.8
-98.2
-14.1
-62.5
-99.3
47.5
i7.0
-55.9
1.6
-27.3
36.6
-157.6
-123.5
-94.4
-145.9
294.4
-245.7
45.9
300.0
351.7
180.1
939.0
659.6
3.5
1,106.1
216.5
234.6
-243.0
243.2
382.3
421.2
204.0
876.4
534.6
205.5
-123.3
91.9
251.7
208.9
-77.7
1,078.1
516.8
-139.3
1,001.8
352.9
1.4
-4.5
57.9
157.3
117.6
163.6
58.3
14.4
15.7
57.5
19.4
-8.8
-117.8
-54.5
-65.5
-59.8
6.3
-245.8
-20.6
-34.4
19.5
-7.4
36.5
2.6
147.9
38.8
154.5
111.8
59.8 7/
-2.7
-197.3
-82.3
-69.5
-23.9
62.6
125.0
22.6
-7.7
-200.1
177.6 7/
85.6
-118.8
116.6
-86.2
-89.0
1,113.8
416.6
For an explanation of statistical presentation and exclusions, see
headnote on page 74.
Through 1949, transactions in U.S. Government bonds and notes include
transactions in domestic corporate bonds.
Data below the line include changes in liabilities and claims reported
by a number of banks include'd in the series beginning December 31, 1961.
Change includes claims previously held but first reported as of May 31,
Also
1963; as of that date such claims amounted to $85.6 million.
includes claims reported by banks for the first time as of December 31,
1963; as of that date such claims amounted to $193.2 million, representing in part claims previously held by banks but not reported.
Change in short-term liabilities includes a net increase of $50.8
million as of December 31, 1964, arising from changes in reporting
6/
7/
-U.2
24.0
138.9
35.0
51.7
U5.7
92.0
-7.3
-24.1
-102.3
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.
-183.0
-153.3
-335.4
-126.6
-869.5 4/
-941.6
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
-830.4
-1,047.9
-1,0/1.1.2
220.9
-728.1
-952.5
-724.2
7.3
50.3
-70.5
-27.9
73.3
22.5
31.4
-27. i
-14.0
42.0
-0.2
21.7
80.9
38.6
-47.9
-191.1
-110.8
-109.9
-171.5
30.7
23.1
-82.9
11.3
-51.0
-22.2
-49.9
-232.2^
coverage.
Data below the line on changes in claims reflect the exclusion from
the series beginning December 31, 1964 of short-term U.S. Government
claims previously included; and the addition to the series of claims
arising from the inclusion of claims previously held but first reported as of December 31, 1964, and from revisions of preliminary
figures.
Data below the line on changes in short-term claims reflect the addition to the series of short-term claims held in custody for domestic
customers but reported by banks for the first time beginning December 31,
1965, and short-term claims reported by banks reporting for the first
time.
p
Transactions
in foreign
securities
2/
-255.8
-137.6
.-19.1
Long-term
banking
funds
Preliminary.
Treasury Bulletin
76
.CAPITAL MOVEMENTS.
Section
Table
2.
-
Bemking
I -
Summary by
Liabilities to
Periods
and Claims on Foreigners
i/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
Total
shortterm
liabilities
End of
calendar year
or month
Foreign countries
Official
institutions
Foreign
banks
Other
foreigners
International
and
regional
2/
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
5,713.0
28,873.4 S/13,220.3
7,213.4 8/
3,376.3^/4,973.5
29,071.8
7,359.7
3,587.2
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
22.430.3
22,532.6
25,018.6
25,967.1
1964 8/ 2/.
1965 10/
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
13,065.9
2/
foreign
curren-
liabilities
Payable
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
1945.
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
I960.
1961.
1961 !/•
1962
1963
in
Total
longterm
473.7
2,262.0
1,864.3
1,657.8
1,527.8
cies
25.5
40.6
49.7
70.4
51.0
.9
1.4
4.6
1.0
.7
U.9
1,641.1
72
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
61
4,999.6
43
43
40
48.8
59.0
59.4
77.2
113.1
150.4
150.4 ^17
143.4 6/
134.1 6/
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
.8
7.5
2.2
2.2
7.3
69.4
89.9 8/
310.2
59.3
513.5
29,171.1
12,578.9
7,817.4
3,591.6
5,084.6
98.5
466.5
29,071.8
13,065.9
7,359.7
3,587.2
4,999.6
59.3
513.5
29,277.2
29,153.9
29,245.8
29,497.6
29,706.4
29,628.7
12,550.1
February.
March. .
April. .
May
June
12,156.7
12,137.3
12,210.2
12,437.8
12,298.2
7,674.3
7,741.9
7,759.1
7,872.6
7,932.5
8,050.6
3,592.0
3,657.8
3,675.8
3,712.2
3,703.9
3,743.0
5,095.3
5,209.7
July
August
September
October p.
November p.
30,706.8
31,223.6
31,084.4
32,086.1
32,439.1
12,628.6
12,429.1
11,985.4
12,273.6
12,319.0
8,672.9
9,141.0
9,210.7
9,857.0
3,729.4
3,659.8
3,843.1
3,824.3
3,794.7
1965-November
December 11/.
19 66- January.
.
.
.
1/
2/
2/
4/
i/
6/
7/
.
.
.
.
.
10,169.9
Payable in dollars
Total
shortterm
claims
Payable
Loans to:
Official
institutions
392,
708,
948,
1,018,
827,
898,
968,
1,048,
904,
1,386,
73
86
87.9
85.2
243.0
160.9
1,548
176.6
1,945,
241.9
2,199
400.7
2,542
2,624
350.9
290.3
3,614
328.5
4,762
328.5
4,820 .3
5,163 ,2
358.9
186.0
5,974, 9
223.3
7,469 3
7,957 22/ 220.8
7
271.2
7,631
V7734 510/271.2
251.3
7,485 9
271.2
7.631 7
7,734.511/271.2
.
I
in
Other
foreigners
100,
319,
292.
361,
222,
151,
177,
122,
156,
206,
245.0
290.5
490.6
2/
2/
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
617.6
328
405
385
439,
497,
524,
699.
622.
709
952
954.
1,373
1,402
1,565
1,567.
Other
claims
2/
Foreign
banks
641.8
773.9
1,054. 6
1.565.
1,567.1
1,149.8
130.4
1,132.0
1,100.9
1,130.4
1,132.0
,535.
I
557.1
494.3
328.7
503.4
627.9
451.5
534.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.3
2.531
.1
2,573.9
2,652.9
3,429.4
4,158.8
4,559.6
4,190.2
4,272.2
4,095.5
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.3
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
•>57.1
630. B
4,272.2
659.0
624.5
474.0
491.9
502.8
474.0
491.9
4,190. 2
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
U0.5
324.9
U0.9
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
3,029.8 7/
3.971.4
4,284.7 2/
4,516.9
4,567.3
4,516.9
5,296.6
5,195.5
5,081.4
514.9
365-5
387.9
510.4
381.4 6/ 568.3
725.6
405.9
843.2
436.7
455.5 6/ ,006.8
7,556.9
7,471.3
7,590.1
7,473.5
7,559.7
7,648.7
257.0
223.6
231.0
220.6
223.9
247.7
1 ,497.9
1,496.9
1,507.8
1,425.1
1,519.9
1,583.8
1,109.5
1,094.7
1,128.0
,073.0
1,091.0
1,079.2
4,217.1
4,220.1
4,278.6
4,348.8
4,304.2
4,268.8
475.4
436.0
444.7
406.0
420.7
469.2
4,443.6
4,421.1
4,389.7
4,417.1
5,190.5
5,438.0
5,437.7
5,428.8
5,450.6
485.4
555.7
607.5
702.4
704.9
,065.0
,079.4
7,503.0
7,411.0
7,418.3
7,442.4
7,544.7
1,569.9
1,548.0
1,618.7
1,606.7
1,619.3
1,075.3
1,055.7
1,067.8
089.5
1,123.0
4,217.7
4,151.0
4,048.8
4,041.3
4,077.2
425.1
,095.1
,152.6
,172.0
215.0
216.5
256.4
272.5
272.9
4,389.3
4,367.6
4,286.7
4,248.1
4,296-1
5,292.."
For exclusions see headnote on page 74.
Included with "Other foreigners."
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 of 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.
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961, $^6.3 million; end 1962, $^7.9 million; end 1963, $30.1
million; end March 1966, $317.2 million; end June 1966, $367.2 million;
end September 1966, $517.7 million; end November 1966, $619.4 million.
Includes claims previously held but first reported as of May 31, 1963;
Also includes
as of that date such claims amounted to $85.6 million.
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.
6/|l
6/|l
8/
2/
10/
11/
1
439.9
426.7
432.4
452.3
4,431.1
4,389.1
Short-term liabilities include a net increase of $50.8 million arising
"Official
from changes in reporting coverage, distributed as follows:
institutions" -$4.0 million, "Foreign banks" +$60.3 million,
currencies"
"Other foreigners" +$22.5 million, and "Payable in foreign
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 1964 of $58.1 million of
short-term U.S. Government claims previously included; and because
of the addition of $545.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 1964, and from
revisions of preliminary figures.
See footnote 11.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31, 1965, and short-term claims reported by banks reporting
for the first time.
Preliminary.
5
1
.
January 1967
77
.CAPITAL
Section
Table
3.
-
MOVEMENTS.
Summary by
I -
Purchases and Sales of Long-Term
Periods
Domestic Securities by Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Bonds 2/
Foreign countries
International
Official
Purchases
and
regional
Total
367.6
226.1
369.7
354.1
666.9
432.1
376.7
514.1
-64.5
-150.6
375.3
664.0
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.
359.0
246.4
-21.6
11.7
739.8
650.2
619.
15.3
6.1
589.1
1,115.1
28.7
35.3
51.3
17.3
72.6
95.1
273.0
164.9
224.5
532.2
-521.4
301.8
-315.2
-151.2
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.3
442.4
316.9
307.7
255.7
460.7
675.0
-21.2
2.9
120.3
284.4
636.7
-99.2
-51.3
9.3
176.3
38.3
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
3,076.2
3,632.1
-245.2
47.5
-391.1
1,410.3
489.0
921.2
-8.1
-4.7
1.4
-43.1
61.6
198.0
53.7
67.5
7.8
130.5
-4.6
5.6
18.6
-4.2
2.4
-9.8
-136.4
-50.3
-67.9
-50.6
-4.8
63.5
41.2
52.2
63.7
34.5
35.5
46.6
84.5
28.7
30.3
31.4
40.4
22.3
22.4
186.7
58.9
170.0
154.7
14.7
35.3
127.0
28.9
100.3
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
1,077.2
-58.7
-19.6
1966-January-November p
657.5
1,246.2
-588.8
1965-November.
December.
240.6
296.6
13.6
-55.9
1.6
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1966- January.
.
.
.
.
February.
March
April
May
June
July
August
September.
October p.
November p.
.
^/
2/
15.3
27.6
271.7
70.3
79.4
248.5
71.9
262.0
97.8
61.7
18.8
153.8
15.8
13.9
188.7
78.2
16.3
77.2
27.3
28.7
38.7
9.1
46.1
117.8
-54.5
-65.5
-59.8
6.3
-245.8
-20.6
-34.4
19.5
-7.4
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
-.1
5.8
-253.1
-.6
7.4
For exclusions see headnote on page 74.
Through 1949, includes transactions in corporate bonds.
Table
4.
Net
purchases
Purchases
y
y
y
y
-.6
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
3U.8
Net
purchases
Purchases
y
y
y
y
108.3
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.8
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
414.5
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
Other
Stocks
2/
74
7
87
117
-19
9
14.7
68.3
-32.7
70.0
-1,69.1
36.0
-9.1
5.3
7.1
23.9
-34.7
19.4
13.4
.2
.3
-43.8
.3
.1
-28.2
y
y
y
y
74.6
250.4
93.5
205.5
201.3
99.2
64.0
157.3
60.3
140.7
50.1
-1U.3
Net
purchases
of
domestic
securities
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-536.8
2,149.1
2,526.5
3,425.3
4,131.4
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
197.5
-349.1
-499.3
4,335.5
4,529.3
-193.8
138.6
364.5
445.6
399.7
539.5
-35.2
-93.9
-83.3
38.2
409.2
415.2
395.0
434.9
482.2
530.4
547.8
U3.5
510.3
532.3
411.1
322.9
333.1
344.1
322.2
291.6
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,7U.6
454.1
351.9
3U.5
332.2
14.1
-19.7
-38.7
27
-115
-20.1
93.
-26,
-15.5
-43.0
-29.0
-11.4
12.0
94
118
-260.0
3.4
104.5
316.1
6.1
54.5
340.2
-48.6
U.2
Through 1949, included with transactions in U.S. Government bonds and
*
Preliminarv.
Less than S50,000.
notes.
p
-Purchases and Sales of Long-Term Foreign Securities by Foreigners
78
5
J
.
January 1967
79
.CAPITAL
MOVEMENTS.
II - Summarv by Countries
Short-Term Banking Claims on Foreigners
Section
Table
2.
-
li/
(Position at end of period in millions of dollars)
1966
Calendar year
Country
V-iU.
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
:
52.
85 2
69.
121.
79.0
159.3
9.3
108.9
39.1
42.5
19.0
39.6
47.1
97.4
36.4
318.8
14.8
20.2
9.
96.
33.
40.
U.
25.
30.
48.
236.
6.
22.
Canada
15.7
20.3
939.1
Total Europe
1,216.7
637.
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
10.5
41.8
27.5
7.
25.
13.
E
724.6
;
188.0
162.5
187.5
207 .
17.5
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
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
465.1
34.6
99.5
64.6
113.7
134.5
41.8
8.8
15.8
Total Asia
o3
J
.
5
41.0
101.9
76.5
165.4
222.1
57.7
17.8
19.7
1,741.6
2,211.8
1.7
11.0
17.3
26.4
.3
22.3
2,171.4
25.0
113.2
8..
2,4v3.3
Africa
Congo (Kinshasa)
209.9
145.4
187.9
319.3
16.9
1.6
21.7
6.8
43.9
,652.8
21.1
2j2.3
0.6
63.9
3,13':.:
:
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
.6
2.0
19.3
42.3
55.9
134.2
:
Total other countries
International and regional
Grand total
.7
1.3
15.4
28.0
58.7
48.4
9.3
57.7
1.3
5,974.9
120
2-'
1965 1/
July
August
September
October p
80
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
Table
3.
-
II
-
Summary by
Countries
Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
January 1967
81
.CAPITAL
1
Table
4.
(In thousands of dolli
1
MOVEMENTS.
Treasury Bulletin
82
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 5. - 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 foreieners or a net outflow of capital from the United States]
Calendar year
Country
1463
Europe;
Austria
23
-1,793
-409
Belgium
Denmark
Finland
France
GernaDy
Greece
-3
585
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
-6
9,507
782
Total Europe
33,345
Canada
-51,845
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
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
,
,
,
,
81
19
1
1,284
20
-148
179
93 1/
1/
1,786
1,153 1/
5,302
-2
233
17
,
,
,
,
-18
904
,
,
Africa;
Congo (Kinshasa)
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
217
687
-70
,905
6,143
2/
-19
-2
2/
s/
1964
1965
1°66
1966
through
November p
July
August
September
October p
January 1967
8}
.CAPITAL
Section II
Table
6.
-
-
MOVEMENTS.
Summary by
Net Transactions
in
Countries
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)
Calendar year
1966
Country
1964
1963
1966
through
Novembe r p
1965
July
June
August
November p
September
October p
156
-539
66
-42,580
-222
12,078
-31
-47,626
1,588
-814
136
-196
-7,874
361
783
463
-101
-1,785
-484
-25,650
306
178
37
13
-3,285
1,403
40
1,870
-203
205
138
211
1,132
8,286
-2,542
-19,246
-5,498
-350
-244
-2,634
-64
-220
233
129
-82
-72,638
-35,694
-33,012
-13,991
-3,454
-63,183
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
1,968
-13,961
-6il
-891
-9,006
-8,370
-327
5,O0i
3,075
-l,il2
15,595
166,037
191,120
18,572
10,102
15,754
20,783
13,062
10,682
2,461
3,007
2,2A9
1,097
-136
-777
-1,300
897
347
-1,055
1,160
316
187
-48
434
213
111
178
333
199
198
-3
-249
-94
-96
308
345
163
-489
608
-169
-19i
-905
664
2/
127
3,764
485
1,378
2,850
-491
6,243
6,811
865
120
12,852
-358
12,682
-5,785
-265
42
-443
2,369
-1,680
655
-115
113
1,535
-487
-4,247
2,289
-1,180
-6,386
4,450
-984
-227
-10,780
235
22
2/
2,050
1,745
1,900
1,530
-1
3,760
-2,796
552
-2,614
4,910
1,138
2,703
7,056
-127
26,806
-15,237
41,151
-118
3,227
-113
802
-240
11
7
11,275
lU
-39
2
19
1,166
6,282
670
416
62
-99
-240
-170
4,032
10,915
5,122
3<.
Asia:
China Mainland
26
-199
1
615
-45
396
-8
,
,
,
Africa;
Congo (Kinshasa)
,
,
,
Other countries:
Australia
All other
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional.
1/
2/
41,772
8,639
American Republics,.
Bermuda
Antilles and Surinam,
America
Total Latin America
Grand total
35,074
660
Cuba
Total Africa
-549,092
5,132
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
-421,890
362
-1,304
Canada
Total Asia
-93
17,05 3
-2,414
6,127
-145
-2,119
-267
-25,393
i59
196,896
Latin America:
Argentina
Brazil
Chile
Colombia
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-41
-140
643
-36,316
-2,811
-396
6,984
589
Total Europe
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-213,879
-10,684
-176,832
2,170
-2,152
-3,070
-13,302
-190
157
-2,748
10,348
-923
-6,947
-11,458
-1,632
8,164
-2,621
-4,034
-114,286
-377
-398,189
-447
-7,444
4,120
-11,580
1,025
69
182
39
193
3,307
687
^51
132
-10,096
1,525
90
4,716
-799
-244
-12,538
-11,333
482
599
-63
-6,666
-37,981
1,611
5,934
i,245
-912
12,052
-5,254
-416,794
-763
706
-854
-5,765
30
3,001
-3
40
324
-124
14
1,241
18
-23
1,620
-3,0U
123
269
219
286
245
39
2
-PIA
-169
323
5
-6,269
-2,596
12
-573
3,432
216
899
878
664
10,484
1
-5,081
382
105
115
-4,514
-67
-336
-395
-552
-17, Ul
264
-11,654
-771
-36,487
2,006
968
-3
10
-445,577
53_
-706
3,367
-446
1,806
-2,534
301
-204
785
1,651
-422
103
177
125
-695
1,295
-563
-1
117
-112
-116
385
4
738
3,156
103
-82
943
282
1,207
-3,382
-23
372
4,144
-770
6,056
3,220
546
-76
11
7,069
-951
-19
-1,906
-3,255
8
3
5
11
2,826
2,510
52
225
32
-5
16
15
717
-44
-4
599
486
693
258
-252
306
1
7
26
-12
30
-9
-U
3
7
35
11
-1,500
-5,134
450
-7,343
603
365
131
202
1,084
56
403
12
167
-2,310
192
1,316
2,342
-5
-120
1,150
-251
-94
1,024
-286
4,709
-2,699
84_
3,075
3
74
8,473
-298
5,693
1,422
-7,816
-3,813
-35
4
-30
316
-3
-140
23
-6
10,961
19 200
11,094
8,837
-8,056
7,277
-2,300
3
-29
31
29
15
1
25
3
-47
-51
-25
4
-75
-26
766
-U
5-19
-3
11
36
-164
-2,216
-60
3
,
-12
-14
111
4
15
12
26
5
119
7
-90
8
-252
105
-324
-20
26
670
-56
107
-38
190
174
177
94
137
198
17
183
244
152
351
292
-735
1,042
-326
423
-199
192
-36
-36
-1,577
205
-247
70
996
222
-1,346
1,016
-107 i/
-627
130
-1,274
646
2,462
128
982 2/
-497
-628
2,745
122
5,959
-115
6,073
6,011
4,601
1,180
5,844"
6,0?9
6,036
4,601
1,180
597
-735
1,042
-326
37
-349,104
-499,295
-193,850
-42,950
-28,987
-11,354
11,967
6,116
-48,642
1/
64
763
i^
y_
223
171
12
283
25
-4
-30
-14
25
197,549
Through April 1963, includes Czechoslovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; other Latin
American republics included with "Other Latin America." Through 1963,
^
p
Bahamas and Bermuda are included with "Other Latin America."
"All other" countries include Morocco and "Other Africa." "Total
other countries" include "Total Africa."
Preliminary.
Treasury Bulletin
84
.CAPITAL
Section
Table
7.
-
11
Net Transactions
-
MOVEMENTS.
Summary by
in
Countries
Long-Term Foreign Bonds by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
January 1967
85
.CAPITAL MOVEMENTS.
Section
Table
8.
II
-
Summary by Countries
Net Transactions
in
Foreign Stocks by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of
capita] from the United States)
Calendar year
Country
1963
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
Total Europe
-28,404
6,881
-202
4,604
-4,340
487
40
-1,918
405
-10,316
-86
25,012
-1
123
3
130,041
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
-1
^
American Republics.,
Bermuda
Antilles and Surinam,
America,...,,
Total Latin America
43
492
244
-1,857
-62
187
-326
88
113 2/
2/
722
555 Z/
203
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
504
-1,510
15
,
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
ToUl Africa
Other countries;
Australia
All other
Total other countries
International and regional;
International
European regional ....w
Latin American regional
Total international and regional
Grand total
jy
-5,381
Canada
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
103
-251
-4,030
-68,958
202
-367
-210
-27
-512
-74,893
17
2/
1,217
124
2/
2/
86
TreastiTii
.CAPITAL
Section
II
-
Bulletin
MOVEMENTS.
Summary by
Table 9.- Estimated Holdings of U.
S.
Countries
Government Bonds and Notes
(Position at end of period in millions of dollars)
Note:
Data represent estimated official and private holdings of U.S.
Government securities with an original maturity of more than one
year.
(For exclusions see headnote on page 74..)
Annual and monthly data are shown In this section beginning with the February 1964
issue of the Bulletin. For quarterly data see Section IV, Table 2,
through the June 1964 issue; and "International Financial Statistics," Table 4, beginning with the September 1964 issue.
Data as
of December 31, 1962-63 are on the basis of a November 30, I960
survey and regular monthly reports of securities transactions (see
Table 4).
Data for December 31, 1963, also are shown on the basis
of a July 31, 1963, survey and the monthly transactions reports.
For
statistical convenience, the new series is introduced as of December
31, 1963, rather than as of the survey date.
The variations between the two series are believed to result from
omissions from, or errors in reporting, shifts in ownership not involving purchases or sales through U.S. banks or brokers, and physical
transfers of securities to and from abroad.
It is not possible to
reconcile the two series or to revise figures for earlier dates.
Less than $530,000,
Preliminary,
)
87
January 1967
.CAPITAL
MOVEMENTS.
Section III
Table
1. -
Short-Term
- Preliminary
Details by Countries
Banking Liabilities to Foreigners as of
November
30. 1966 1/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
To foreign banks and official institutions
U.
Total
Deposits 2/
S.
U. S.
Treasury
bills and
Treasury
Deposits 2/ bills and
certificates
Other
certificates
Europe :
Austria
Belgium
Denmark
Finland
France
German/
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
182,
9U
154,676
429,370
262,459
47,312
1,048,323
38,700
134,199
93,010
5,100
274,659
1,680,450
15,000
930,210
206,273
51,728
32,648
312,679
5,129
32,533
104,574
1,332,827
338.580
251,176
252,341
104,737
640,737
1,412,110
26,388
4,111,603
31,433
196,936
4,954
30,879
37,248
243,166
102,358
32,395
610,^32
267,443
52,003
354,941
105,112
96,332
247,712
87,152
121,904
360,811
26,223
3,463,140
13,794
65,556
4,427
27,578
14,572,889
12,925,817
2,455,650
417,214
354,491
225,718
175,962
9,473
14,300
476,700
103,414
78,728
52,005
67,091
9,817
163,232
196,509
37,571
47,676
27,195
103,116
4,629
3,285
42,133
947,885
508,330
14,150
119,770
140,133
3,489
11,610
158
527
3,143
3,077
32,786
8,787
5,383
73,685
71,051
40,245
33,972
24,717
31,972
90,547
55,243
14,504
195,112
3,513
250,778
1,215
23,702
175
1,654
6,319,727
4,666,151
1,939,939
962,118
2,208,138
1,560,765
642,223
5,150
152,278
272,234
88,160
48,870
896
312,953
16,955
35,020
5,000
34,171
62,789
1,517
738
U9
83,087
204,445
86,643
48,132
896
231,521
13,972
97,092
30,563
245,468
273,788
81,118
40,848
5,186
245,191
198,303
69,450
24,616
4,892
10,450
1,149
11,039
3,865,982
1,666,471
1,337,650
75,158
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
35,707
135,286
167,361
59,566
102,021
2,628,682
157,835
287,151
239,322
610,572
1,006,317
30,326
62,925
149,632
56,417
93,820
2,594,381
156,016
222,221
222,683
602,417
913,613
30,249
53,593
36,188
34,915
49,611
1,361,560
153,730
207,146
166,355
223,989
544,343
Total Asia
5,429,820
5,104,451
13,562
38,257
72,596
44,510
228,753
9,890
35,916
56,487
43,064
397,678
,
,
,
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 Surinajn.,
Other Latin America
Total Latin America
Asia :
China Mainland
Hong Kong
India
Africa :
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other
2,570,8U
1U,832
1,366,991
363,6^3
283,2/10
342,912
160,118
655,489
1,764,158
29,919
4,414,U5
618,
U3
151,785
236,128
160,621
694,205
516,715
173,799
108,156
23,572
2,1U,402
97,
29,
165
2,999
29,910
in
Other
78
341
551
5,165
64,124
62,260
39,215
31,509
6,199
4,241
19
1,143
860
1,514
22,584
29,693
85,536
50,589
13,909
87,812
8
255
479
24,564
21
19,223
3,492
121,116
1,079
12,674
2,535
594
218
3,362
4,550
1,011
1,320
1,273
765
5,003
4,399
116
82,736
foreign
currencies
25,161
244
264
3
2,079
355,391
13
192
346
92
24
138
248
156,936
18
51,764
673,078
59_
60,788
228,252
684,954
236,989
204,466
14,324
18,199
10,523
261,429
80,818
136,509
123,122
8,357
284,866
94,472
133,323
108,002
27
172
416
82
155
3,012
3,294
1,073
611
3,871
186
194
1,158
277
65,035
10,519
5,193
294
264,750
82,063
137,536
127,075
8,577
303,791
134,830
138,903
130,049
448,728
242,902
91,876
67,306
18,361
253,663
2,196,747
2,037,528
77
12,500
1,311
110,439
136
9,717
5,381
71,888
16,778
68,932
2,983
57
ao
92,041
175
1,595
68
277
291
2,257
5,016
235,217
77,852
35,440
17,562
65
12,5
15,913
39,464
5,259
21,979
7,892
7,394
11,767
26,850
799
1,399
146,231
894
321
UO,559
22
17
2,764
1,376
110
473
951
76
4
9
25
805
2
25
195,571
9,332
12,144
1,602
26,779
678,086
2,286
15,075
53,228
5,800
173,699
8,201
33,949
1,819
64,226
16,639
8,154
90,688
5,381
70,197
16,668
3,149
8,118
31,990
1,813
62,705
16,273
8,102
89,703
2,861,679
1,264,664
978,108
320,872
1,350
197, 04^;
7,859
35,349
50,088
14,102
120,683
5,000
27,650
59,234
681
567
1,399
1,312
17,127
3,672
2,341
15,682
1,436
31,601
31,319
69
213
342,401
228,081
93,234
21,086
54,732
53,645
85
1,002
242,484
23,955
223,428
18,192
103,514
12,935
106,750
13,164
5,257
18,207
4,991
18,055
4,771
148
4
220
849
772
266,439
241,620
116,449
106,750
18,421
23,198
22,826
148
224
1,621
5,332,356
8,019
80,668
29,561
5,331,863
8,019
80,628
29,561
222,968
6,068
18,710
424
4,986,622
122,273
1,951
54,018
493
493
40
40
248,170
5,023,659
178,242
533
12,672,5212/ 11,871,839
3,394,609
3,795,189
3,306,175 2/89,162
399,852
704,904
101,300
19,900
17,430
554,735
3,100
372 628
,
3,U9
315
130
13
50
83
1,829
6
1,508
316
352
704
52
1
321
664
2,016
314,099
829
5,944
4,497
2,915
2,325
15,669
16
757
13
19
i,a7
427
10
108
-545_
:
Total other countries
International and regional:
International
European regional
Latin American regional
Asian regional
Total international and regional..
Grand total
i62,i00
271,510
52,698
l,12i,087
Short-term
liabilities
payable
To all other foreigners
5,450,604
5,450,071
32,i39,062
27,938,969
7,900
29,137
533
JLi
1/
2/
For exclusions see headnote on page 74.
Grand total includes $8,605,058 thousand of demand deposits and
time
$4,067,463 thousand of time deposits, but excludes negotiable
certificates of deposit, which are included in "Other."
V
Grand total includes $1,492,250 thousand of demand deposits and
time
$1,813,925 thousand of time deposits, but excludes negotiable
certificates of deposit, which are included in "Other."
88
Treasury Bulletin
.CAPITAL
Section
Table
2.
-
III
-
MOVEMENTS.
Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as of November
(Position in thousands of dollars)
30, 1966
i/
)
.
Janaary i967
89
.CAPITAL
Section
Table
3.
-
III
Long-Term Banking
MOVEMENTS.
Preliminary Details by Countries
and Claims on Foreigners as of
-
Liabilities to
November
(Position In thousands of dollars)
Long-term claims payable in dollars
Total
Country
Europe ;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Onited Kingdom
lugoslavla
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Total Europe
Total
long,- term
liabilities
long-term
claims
2,000
1,000
i,225
1,000
i.OOO
4,020
2,000
1,119
12,595
77
69,590
Total Latin America,
52,265
104,933
30,125
74,298
43,067
147,588
97,996
208,315
5,405
184,745
84,065
62,924
62,016
27,U1
52,265
104,933
30,125
65,364
43,067
U7,576
97,996
208,315
5,405
184,745
84,065
62,898
62,016
27,441
1,806
72,134
8,142
15,801
52,235
102,433
29,125
65,217
35,853
147,550
97,809
202,004
4,111
184,733
81,690
58,597
62,013
26,314
1,791
66,647
8,080
15,316
100
1,806
72,134
8,142
15,801
11,485
11,485
11,004
481
101,726
1,294,551
1,285,579
1,252,522
33,057
314,410
310,943
268,257
42,686
65,325
116,793
51,309
79,019
594
509,700
72,343
147,237
51,439
95,324
125,433
21,211
34,537
2,413
65,325
116,793
51,309
78,806
594
506,067
72,343
147,237
51,439
94,698
125,433
21,211
34,537
2,413
46,086
72,700
49,948
76,889
2,183
19,239
44,093
1,361
1,917
594
46,639
187
3,736
1,539
3,227
2,082
394
90
230
187,584
1,372,677
1,368,205
1,242,877
125,328
15
2,191
34,992
2,191
34,992
2,191
33,974
5
5
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
50,000
521
69,i7i
163
256
3i,56A
86
27,270
5,250
459,428
72,156
143,501
49,900
91,471
123,351
20,817
34,U7
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
4,550
179,697
20,000
4,000
1,000
115,056
36,561
27,465
339,122
4,464
232,674
5,461
10,262
103,300
27,465
339,122
4,464
232,674
5,461
10,262
103,300
318,260
2,820
216,210
5,461
9,976
100,264
Total Asia
360,879
759,936
759,936
7U,572
293
500
4,160
566
60,536
1,537
158,507
4,160
566
60,536
1,537
158,507
4,160
566
60,536
1,492
152,595
793
225,306
225,306
219,349
19,000
7
200,347
31,786
296,847
31,786
295,669
31,786
19,007
328,633
328,633
327,455
Africa;
Congo (Kinshasa
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
1,018
5
25,
ai
326,500
6
6
175,500
535
535
502,000
541
541
535
1,171,989
4,296,054
4,279,143
4,025,567
535
2,054
20,862
1,6U
16,464
286
3,036
45,364
5
30, 1966
Treasury Bulletin
90
.CAPITAL MOVEMENTS.
Table
4.
-
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During November 1966
1'
January 1967
91
.CAPITAL MOVEMENTS.
Section IV
Table
1.
-
Short-Term
-
Supplementary Data by Countries
Liabilities to Foreigners
Reported by Nonbanking Concerns
Treasury Bulletin
92
.CAPITAL
Table
2.
-
MOVEMENTS.
Section IV - Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars.)
1«66
lo6=.
196i
Country
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American
Republic
Bahamas and Bermuda .
Fet'ierlands Antilles
and ^uri.:an,
0*her Latin America..
SA°7
19,897
562
5,189
fa,
67,050
79,i05
8,712
99,2i9
29,760
6,A76
10,
December 1/
September
June
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.
OU
^6,27^
16,555
17,2i0
5,155
279,653
2,600
6,287
377
2,352
4,942
16,
9U
6,398
8,214
50,275
94,780
9,640
89,782
32,371
6,5°8
8,764
44,923
18,670
16,010
4,240
407 , 123
2,823
6,410
98
2,670
6,558
18,524
6,261
6,736
60,816
139,827
9,828
04,820
31,094
7,662
4,056
42,141
19,143
21,657
9,086
329,244
3,273
9,016
298
2,227
714,33"
831,654
1,032,176
1,0^7,07'
20,060
125,037
21,390
22,060
4,936
58,2'1
25,798
128,306
24,639
25,390
4,482
64,191
9,241
23,269
8,040
9,83'^
lU
5,908
37,759
/2,182
2-\l;3
U,909
827,830
834,230
1,039,323
,721.
684,361
cQg^73q
566,436
33,053
113,048
24,659
25,708
4,118
74,738
10,855
21,469
9,089
40,286
28,575
92,648
27,445
21,967
3,992
76,470
9,224
27,216
10,942
43,347
36,617
90,64 5
30,309
20,601
3,972
71,134
11,761
25,629
10,556
47,146
31,911
93,562
30,876
20,127
3,096
81,647
13,372
29,041
8,469
49,981
31,156
93,270
30,193
19,498
3,096
76,393
13,287
27,989
8,399
49,3"9
34,388
70,773
30,984
20,924
3,010
73,742
10,614
30,281
7,053
"2,270
/",1:0
8,080
"2,612
8,"Oi
3,255
58,651
8,42t
"5,404
8,423
55,804
12,339
4,i-;o
2,853
3,/45
4,690
3,580
9 , 181
'',044
9,'' 7^
o 39"
3,543
9,227
3,848
"^66
/75,03b
426,287
415,521
421,521
4/2,133
420,242
423,676
194
26
8,66";
7,632
40,696
",934
151
7,697
35,552
3,569
5,115
167,625
25,236
24,603
4,2°2
75,683
11,938
25,927
10,021
45,849
"1,326
11, 43'^
467,f'0 5
18
i':i
6,830
36,600
4,426
7,471
174,170
4,582
8,5'6
Philippines
Taiwan
Thailand
Other Asia
5,077
38,435
5,073
7,245
159,687
4,374
11,132
4,339
7,02«
51,411
Total Asia
293,827
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
9
,
Ici
5,418
22
22
14
4,828
34,587
2,869
66,056
6,615
36,326
3,122
5,847
163,993
12,678
16,915
5,425
5,626
65,363
5,077
174,465
5,539
15,922
5,907
7,731
76,314
331,359
322,437
333,253
995
1,021
23,104
1,725
1,532
20,012
1,719
1,520
19,620
2,080
1,621
18,186
1/ ,440
26,932
9,920
28,296
9,916
27,853
10,639
25,558
68,265
66,492
61,485
60,628
58,084
32,°80
8,018
36,056
7,323
3 J, 239
6,805
40,173
8,423
39,953
8,354
30,541
6,988
44,6"2
40,998
43,379
40,04/
43,596
48,307
46,529
111
62
l"fl
131
45
5
301
59
7
301
198
290
20
69
181
367
367
60,092
45,223
/,02i
5,573
180,871
4,866
15,261
4,980
7,033
61,8'0
172,035
5,504
14,456
6,756
6,822
65,968
314,866
326,502
326,592
330,440
332,36/
328,090
2,197
1,032
11,906
5,004
2,285
10,900
6,192
1,026
11,346
6,192
1,026
11,362
2,375
063
19,349
2,801
2,020
23,712
(Egypt)
Other Africa
12,778
24,865
11,559
27,303
12,650
26,054
12,651
26,054
16,788
23,490
12,33:
27,307
Total Africa...
52,778
57,051
57,268
57,285
62,965
35,660
5,792
38,388
6,726
37,760
6,869
37,781
6,871
Total other countries....
41,452
45,114
44,629
International and regional:
International
European regional
Latin American regional..
867
194
129
82
51
198
Africa:
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic
Other countries:
Australia
All other
Total international
and regional
Grand total
5,084
6,771
^4 ,860
1,061
2,719,0^2
40, "^11
4,344
6,856
170,814
4,201
11,451
5,051
5,43'
50
3
3
262
2,430,043
6, "35
37
10
173
2,775
>
8, "86
6,615
36,806
3,434
5,908
170,452
12,915
17,029
5,597
5,625
8,^73
40,511
4,350
6,858
179,848
4,201
11,471
5,055
5,436
60,098
U,054
26,55"?
797 , 104
•^1,32;
437, c 29
7,536
311,874
2,250
8,374
1,066
2,030
4,993
49,969
19,772
26,517
7,448
315,309
2,250
8,317
1,066
2,02°
7, "24
'73,6^3
11,42?
/03,613
23,1.22
5,581
97,433
118,082
11,109
117,830
48,289
8,486
8,818
56,252
28,233
19,884
10,489
432,877
1,994
8,984
110
2,586
777,706
1U,523
4,150
9,;48
Total lati" America.
6,373
7,664
3°, 233
20,744
28,736
11,519
364,993
6,393
7,222
1,282
2,603
7,845
46,056
8,385
838,415
lc,6',2
':
28, ""5
6,019
44,685
8,974
5,564
81,636
111,834
13,034
76,586
40,704
004,102
4S503
4,4'
4,956
15,942
10,811
6,260
70,980
117,584
8,150
80,54"
31,350
7,314
10,150
32,649
774
1,12
10,013
5,608
20,041
10,895
5,518
80,503
104,886
9,674
76,156
29,825
7,255
6,551
47,870
19,528
40,153
7,894
309,7/8
4,576
7,792
656
1,975
6,051
38,545
9,261
6,128
81,745
112,124
13,357
77,383
40,998
7,580
5,005
50,126
19,840
40,816
8,205
293,918
4,943
8,164
124
1,624
6,751
16,268
9,183
6,007
69,247
114,226
6,831
84,405
30,484
30,471
144,517
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
22,
December 1/
823,720
822,267
Q22 077
6,559
18,688
6,268
6,736
60,914
139,966
9,828
04, 872
31,259
7,665
4,057
42,144
19,163
21,685
9,101
330,001
3,273
9,016
293
2,227
September
June
March
1/ 2, 8"3, 310 1/2,612,470
-U
Note: Data are reported by exporters, importers, industrial and commercial firms, and other nonbanking concerns in the United States. Data
exclude claims held through United States banks, and intercompany
accounts between firms in the United States and their affiliates
abroad. The detailed breakdown of the most recent data is shown in
1/
2,411,105
U,238
13,940
5,179
6,881
68,143
59
7
2,406,158 2,396,6311/2,293,950 1/
379
2,467,680
Table 3 of this Section.
Data in the two columns shown for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
s
January 1967
93
.CAPITAL
Supplementary Data by Countries
Liabilities to and Claims on Foreigners Reported by Nonbanking Concerns
Details as of June 30, 1966
Section IV
Table
3.
-
Short-Term
MOVEMENTS.
-
(Position in thousands of dollars)
Liabilities
Country
Payable
dollars
Europe:
Austria
3 ,311
28 ,613
1 ,617
Belgiu.Tj
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
668
AS ,189
69 543
3 ,000
26 513
6i ,870
1 ,727
6 ,202
22 ,603
12 ,030
60 788
i, OOi
137 ,158
1 053
2 ,i30
73
2,5/°
26,1Z6
1,566
526
42,360
56,582
1,419
15,305
41,082
1,4=0
5,867
21,499
11,887
46,172
3,918
105,349
1,03°
1,7'1
Claims
Payable in foreign
currencies
Payable
Payable
in
foreign
currencies
762
2,467
51
142
5,829
12,961
1,581
11,208
23,788
237
335
1,104
143
14,616
86
31,80°
14
670
Total
dollars
Deposits with
banks abroad
in reporter
ovm name
'
6,577
44,817
7,99'
5,527
93,829
97,762
U9
18,
110,5^71
4,U7
1,U8
33,697
7,858
5,199
72,254
88,805
14,371
10,198
3?
34
2,087
3,11'
982
5,069
2,327
100, 62y
41,873
6,969
7,582
63,120
2°, 898
20,000
6,373
487,0^6
1,885
9,402
074
4,838
38,677
6,793
6,640
59,841
29,567
13,72/
5,090
415,220
1,366
9,199
°7/
4, '73
l'-.3
63
202
1,24'
120
686
827
42,266
14
153
i3:3
73
413
494,830
386,993
107,837
1,065,197
024,124
70,731
116, 8°4
61,"'
330
550,379
421,247
39,378
S331
l,b'o
2,085
688
1,130
1,457
636
163
64°
141
20,707
3,2°o
164
82
235
34,21/
78,474
30,066
22,084
2,846
77,366
12,594
27,897
',098
49,289
54,543
8,074
2,971
0,190
30,861
74,773
23,986
1.5V
3,672
8,964
3,382
6,010
120
8,995
3,887
4,552
1,1^7
4,854
8,752
1,008
9,205
1,270
"7,5 51
6^328
31,7?3
415,606
l,06o
1,862
18,672
10,836
2,270
22,681
1,465
5,161
5,693
1,163
22,213
4,459
Other Asia
1,066
2,206
20,189
10,851
2,387
27,140
1,589
6,920
5,762
1,408
31,082
Total Asia
110,600
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
Asia
China Mainland
Hong Kong
11,0/9
4,070
7,199
146
9,631
4,050
5,201
1,2°8
25,561
12,051
1,172
9,287
/42
33'
20, '23
333
393
73,451
11,830
2,4'3
444
353
/&o
2S713
4,396
44,015
47,725
7,233
2,840
382,198
1'
2,5U
2,686
621
79
112
12.363
;
Africa:
Congo (Kinshasa )
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
69
245
8,86°
4,295
9,280
76,332
03,082
17, '13
308,845
231,401
'8,104
498
411
10,939
1,554
8,334
184
308
10,548
1,180
7,589
314
103
391
374
74"
1,431
2,499
17,918
16,803
27,369
766
2,065
17,315
9,928
23,793
46
203
214
3,545
1,584
19,800
1,927
66,020
53,867
5
17,224
3,118
17,717
1,371
45,127
9,914
35,000
7,305
20,3/.2
19,588
55,041
42,305
26
26
287
287
13
13
60
60
231
231
15
117
:
Total other countries
International and regional
International
European regional
Latin American regional
;
Total international and regional
Grand total
18,1''6
39,930
Tliailand
124
1,7'9
34,941
4,989
Japan
Korea
Philippines
Taiwan
5,913
21,340
2,765
3,070
99,525
3,273
15,611
4,175
8,838
66,782
21,736
India
Indonesia
Israel
Other countries
Australia
All other
100
110
6,638
29,216
2,874
3,564
15/, 801
3,^79
344
1,517
3Q
647,648
'.37
3°
881,580
233,932
'37
2,461,675
2,055,729
245
6,786
75
46
45,122
17
825
47
129
i,m
Other
Treasury Bulletin
94
-CAPITAL MOVEMENTS.
Section IV
Table
4.
Long-Term
-
Supplementary Data by Countries
Reported by Nonbanking Concerns
Liabilities to Foreigners
(Position at end of period in thousands of dollars)
.
.
.
January 1967
95
MOVEMENTS.
.CAPITAL
Section IV
Table
5.
Long-Term
- Supplementary Data by
Countries
Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of dollars)
1964
1965
1966
Country
September
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
99
2,002
December 1/
March
June
September
1,315
2,005
6,955
1,475
15,153
4,856
27,536
1,390
2,005
7,059
1,913
16,855
6,678
29,607
20, 562
342
19, 501
4
57
2,161
1,134
12,058
330
11,774
6,662
56,257
650
824
2,242
1,286
12,848
802
11,686
5,969
35,301
445
899
2,247
1,332
18,891
487
1,392
2,009
7,861
2,211
12,775
6,679
29,337
23,683
December 1/
1,310
2,007
3,217
1,593
14,205
6,191
29,630
22,025
111
2,247
3,091
19,279
784
1,317
6,492
31,462
334
1,484
1,312
3,165
3,362
1,716
10,824
7,116
30,438
19,448
68
2,243
4,349
16,643
1,094
1,369
6,001
March
1,312
3,165
3,362
1,716
10,824
7,116
30,438
19,448
68
2,243
4,404
16,643
1,094
1,369
6,001
30, 596
740
2,182
1,273
3,573
5,703
1,588
10,727
6,659
31,628
17,110
146
1,794
4.675
16,826
1,210
11,787
6,133
26,721
763
2,197
2,004
7,177
1,748
31,517
2,552
14,748
9,833
304
2,154
269
7,224
69
13,307
6,402
64,015
1,576
789
10
283
2,005
6,955
1,475
18,486
1,659
24,133
20,353
342
2,161
1,134
9,965
330
11,774
6,661
51,445
650
770
197
197
183
163
260
170
170
248
165,981
160,495
172,246
156,673
148,732
147,039
142,836
142,891
150,761
90,208
94,532
189,970
202,637
208, 364
229,924
233,469
235,962
239,385
48,038
9U
7,985
1,359
1,748
48,708
214,845
11,740
9,691
6,526
73,352
4,246
12,930
1,462
6,374
24,133
8,238
1,478
1,367
44,154
219,611
10,798
10,341
6,526
73,804
4,670
13,653
1,325
7,362
25,987
8,488
1,477
1.888
42,132
221,057
11,601
9,443
6,526
71,938
4,246
12,930
1,462
6,374
23,065
8,159
1,478
1,357
13,048
6,526
70,136
4,789
14,429
1,353
11,532
27,026
8,609
1,502
2,234
36,205
216,647
11,293
13,800
6,526
74,128
4,697
13,914
1,370
12,315
27,677
7,913
1,457
1,268
81,883
209,412
11,620
19,746
6,526
68,787
6,140
14,635
1,526
12,334
28,930
8,518
1,468
2,452
81,703
209,412
11,552
20,096
6,526
64,815
6,140
14,731
1,454
13,860
29,821
8,518
1,468
2,024
85,063
207,869
14,939
16,838
7,841
61,182
6,177
15,938
3,354
14,416
30,317
8,225
1,515
1,440
289,973
283,985
421,196
425,090
430,084
434,957
429,210
473,977
472,120
475,114
37
39
5,041
10,400
16,080
89,980
190
46,123
5,746
1,620
10,279
33
33
33
5,065
10,112
18,091
93,954
155
47,418
5,414
1,025
11,923
3,574
10,749
15,388
89,181
292
45,876
8,729
938
9,798
3,574
10,948
15,388
89,181
292
47,104
8,729
938
10,952
4,889
8,444
14,115
81,216
288
46,243
9,198
237
12,671
5,035
8,463
14,166
85,019
307
46,473
8,370
11,399
8,486
16,200
98, 340
717
50,390
8,345
18,271
11,399
8,486
16,200
98,340
717
23,046
8,345
197
18,271
13,706
12,777
5,471
8,496
14,835
88,759
245
47,248
7,288
139
12,172
193,194
185,498
184,558
187,139
177,334
160,792
184,653
212,221
185,001
184,766
81
81
121
121
121
7,U7
i,Si;i
23,
5«
2,5U
11,866
12,05<;
300
2,157
443
5,365
86
13,372
6,775
68,339
1,212
760
10
167
Ifugoslavia
Other Western Eiirope.
O.S.S.R
Other Eastern Europe,
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Columbia
Cuba
Mexic
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. . .
Taiwan
Thailand
Other Asia
72,770
66,868
10,030
6,633
6,748
78,489
4,498
9,929
1,348
7,799
14,705
8,193
1,049
58,933
68,033
10,740
5,208
6,648
73,754
6,544
14,841
1,551
8,044
18, 597
214, 579
37
6,651
31,015
390
1,515
10, 584
30, 596
740
2,182
•
:
Total Asia
Africa;
Congo (Kinshasp.)
182
73
5,981
16,913
97, 548
1,260
19,019
8,245
222
21,872
120
120
80
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
4
4
4
4
4
4,321
4,723
85,165
4,309
1,962
3,807
85,492
1,962
4,540
84,524
1,973
4,726
84,187
1,963
4,991
84,285
1
1
4,467
84,084
4,467
84,154
1,962
3,807
81,741
80, 591
978
4,602
81,786
Total Africa..
94,214
92,364
87,634
91,385
91,110
90,967
91,320
88,673
85,180
87,487
12,726
1,013
12,359
1,045
12,465
1,051
13,714
1,051
15,742
1,807
16,375
976
17,523
971
16,436
1,000
16,886
1,000
17,127
1,668
13,739
13,404
13,516
14,765
17, 549
17,351
18,494
17,436
17,886
18,795
815,246
831,940
961,931 1/1,080,5951/1,075,387
1,081,163
1,100,640
Other countries
Australia
All other
.
.
1
-1,397
:
.
Total other countries
.
.
.
International and regional .
Grand total
Note:
Data are reported by exporters, importers, industrial and commercial
firms, and other nontanklng concerns In the United States.
Data
exclude claims held through United States banks and intercompany
accounts between firms in the United States and their affiliates abroad.
1/
1, 168,
612
1 1,139,040X4, 156, 308
Data in the two columns shown for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Treasury Bulletin
96
.CAPITAL
Table
6.
-
MOVEMENTS.
Section IV - Supplementary Data by Countries
Foreign Credit and Debit Balances in Brokerage Accounts
(position
^f period in thousaniis of
i.,
liars
January 1967
97
-CAPITAL MOVEMENTS.
Section IV
Table
7.
-
Short-Term
- Supplementary
Data by Countries
Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
(Position at end of period in thousands of dollars)
Coi-mtry
1961
"Other Western Europe "
Cyprus
Gibraltar
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet Zone of Germany
,
,
,
,
,
,
,
,
,
,
,
"Other Latin American Republics"
Bolivia i/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
"Other Latin An e r_ica"
British Honduras
British West Indies
French West Indies and French Guiana.
i
"Other Asia"
Aden and South Arabia
Afghan i stan
Bahra in
Burma
Cambodia
Ceylon
Iran 1/
Iraq
Jordan
Kuwa it
Laos
Lebanon
Malaysia j/
Nepal
Pakistan
Ryiikyu Islands (including Okinawa)...
Saudi Arabia
Singapore J./
Syria
Trucial States
Vi et Nara
"Other Africa"
Algeria
Canary Islands
Ethiopia (including Eritrea)
French Somaliland
Ghana
Gu inea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia
Sudan
Tunisia
Zambia
^
^
"Other countries "
New Caledonia
Npw Zealand
657
1962
Treasury Bulletin
98
.CAPITAL
Table
8.
-
MOVEMENTS.
Section IV - Supplementary Data by Countries
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
fin thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
15 ,078
121 ,160
22 ,733
990
298 ,603
225 ,586
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U. S. S. R
Other Eastern Europe
928
1,371 ,505
1,416
371
2
842
2,262
38,069
47
373
23,166
16,453
17
520,849
63i
873
51
American Republics..,
Bermuda
Antilles and Surinam.
America
Total Latin America
494
608,870
2,011,930
Canada
209
4,323,358
Total Europe
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
2 ,571
99 ,696
296 ,a3
95 ,685
21 ,7W
36 ,456
79 ,338
1,581 ,223
5
137
3,494
333,267
27,782
15,475
10,322
12,325
420
73,842
56,338
9,959
27,448
55,675
10,561
83,474
85,122
2,967
147
1
471,710
Asia;
China Mainland
36
54
2
27
317
200
16
116
190
324
4,397
2,976
5
8,771
10
70
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
22,783
39,803
115
2,324
2,440
12,498
105,995
10,938
Total Asia
324,291
25,287
Africa;
Congo (Kinshasa)
126,698
11,428
10,014
171
405
946
116
4,127
11
1
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
6,719
194
15,735
522
Total Africa
2 J, 999
626
Other countries;
Austral ia
All other
31,132
8,819
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
39,':*
51
257,568
7,827
27,803
2^j3,198
74
26
4
Corporate and
other
Bonds
Stocks
Forei^ securities
Domestic securities
Total
sales
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Foreign securities
Bonds
Stocks
January 1967
99
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The financial statements of corporations and other busi-
are published semiannually, for June 30 and December 31 report-
ness-type activities of the United States Government, which
ing dates, and appear as Section II and III.
have appeared in the "Treasury Bulletin" since the August 1956
these statements under Circular 966 covered the fiscal year
The first of
issue, are compiled from reports submitted to the Treasury
1956, and were published in the January 1957 Bulletin.
under Department Circular No. 966, issued January 30, 1956, and
the sections, the agencies are grouped in separate tables by
Supplement No. 1, Revised, issued June 16, 1965.
type, as follows:
These regu-
lations were issued pursuant to the Budget and Accounting
They superseded Budget-Treasury
Procedures Act of 1950.
Within
public enterprise revolving funds, intra-
governmental revolving funds, certain other activities, deposit
funds, and trust revolving funds.
Regulation No. 3, issued under Executive Order No. 8512 of
Sipplement No. 1, i*en originally issued in 1956, extended
August 13, 19^0, as amended by Executive Order No. 9084. of
the coverage to include all executive agencies and activities
March 3, 1942, under which financial statements previously
not previously reporting under Circular 966, but required only
published in the Bulletin were submitted.
a statement of financial condition annually as of June 30.
Department Circular No. 966 requires submission of finan-
These were activities vhioh were not principally of a business-
cial statements ly all wholly owned and mixed-ownership Govern-
type nature.
ment corporations specifically included in the Government
counting procedures to provide complete balance-sheet type
Corporation Control Act, as amended (31 U.S.
statements were temporarily authorized to report only assets.
C.
846, 856); and
Those which had not yet developed formal ac-
all other activities of the Government operating as revolving
Thus, the supplement rounded out provisions for information on
Other activities and agencies whose operations, serv-
properties and other assets, as well as liabilities, of the
funds.
ices, or functions are largely self-liquidating or primarily
United States Government all of which is needed by Treasury for
of a revenue-producing nature, and activities and agencies
the conqpilation of conplete Government-wide financial reports.
whose operations result in the accumulation of substantial
The first conprehensive reporting under the original Supplement
inventories, investments, and other recoverable assets, were
No.
brought under the regulations as the agency accounting systems
December 1957 Bulletin as Part B of Table 4 in Section
were developed to where they were capable of furnishing the
revision to Supplement No. 1 in 1965 made no basic change to
required financial reports.
the overall purpose of the originally issued supplement; it
Four kinds of financial statements are called for by
Department Circular No. 966.
They are statements of financial
condition, income and expense, source and application of funds,
and certain financial contingencies.
The statements of finan-
cial condition are published quarterly and appear as Section
in the series of tables.
I
The first statements of financial
1
was for June 30, 1957, and the data were published in the
I.
The
updated and consolidated all amendments to both the regulation
and instructions.
A summary of loans outstanding for a series of dates is
included in Section
I
of the Bulletin presentation beginning
with the June 1958 issue.
are shown,
Two classifications of the loans
one by type and one by agency.
Data prior to
condition published under Circular 966 were as of March 31,
1956 are based on the earlier reporting requirements, which
1956, and were presented in the August 1956 Bulletin.
provided for complete coverage of Government lending agencies.
State-
ments of income and expense and source and application of funds
Treasury Bulletin
100
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section
II
Income and Expense
Table
1.
-
Summary
for the
Twelve Months Ended June
by Specified Classes of Activities
(In thousands of dollars)
Account
30, 1966
January i967
101
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense
Table
2.
-
for the Twelve Months Ended June
PubUc Enterprise Revolving Funds
(In thousands of dollars)
Accoiint
30, 1966
Treasury Bulletin
102
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Twelve Months Ended June
2. - Public Enterprise Revolving Funds - (Continued)
Table
(In thousands of dollars)
30, 1966
January 1967
103
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
for the Twelve Months Ended June 30,1966
Public Enterprise Revolving Funds - (Continued)
-Income and Expense
Table
2.
-
(In thousands of dollars)
Agriculture
Department
(Continued)
Account
Expansion
of defense
production
Co-Timerce
Aviation
war risk
insurance
revolving
fund
Economic
Development
Administration
Economic
development
fund
Department
Defense
Department 7/
Maritime Administration
Federal ship
mortgage
insurance
fund
Vessel
operations
revolving
War risk
insurance
revolving
fund
fund
INCOME AND EXPENSE
Incoioe:
102,718
Sales of goods and services
Interest:
On public debt securities
Other interest income
Guaranty and insurance premiums
Other ma j or income items
Other income
1^
5,907
3,512
102, S5B
16
102,510
47
229
3,28^
27
Other
^
Other ma j or expense items
Miscellaneous expense
1C'2.51C
27
3,23.^
Total expense
Other gains, or losses (-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
-45/.
i,o^
_-3
-i,i36
Total other gains, or losses (-)
,
38
l^C
Total Income
Net income, or loss (-)
7U
2,7A0
U
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-) » or decrease j in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Adioinistrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
150
27
5.907
-527
before change in
5.-3
7,71.°
-2,030
valuation allowances
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans.
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
-i,503
100
-A3
-4.6i2
3.909
3,076
142
3,909
3,076
142
-l,0;i3
3,909
9,8i0
3.076
.366
Net income, or loss (-) , for the period.,..
Charges (-) , or credits, applicable to
-1^0
-1.974
Net increase (-) , or decrease, in
allQwances for losses
12, ^16
prior years
, transferred to
accumulated net income, or deficit (-)....
Net income, or loss (-)
-3,23^
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year.,,.
Net income, or loss {-)
Capital transfers of earnings or profits
to the U. S, Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section
HI.
-82,762
-3,28A
-;-.6
,
0^6
5A
-6
(Continued on following page)
5U
3,534
-172
14-2
1^,372
3,676
19,
Defense Supply
Agency
Defense
production
guaranties
104
CORPORATl
January 1967
CORPORAT]
106
Treasury Bulletin
CORPORATIONS AND CERTAIN OTHF.R RTTSTNFSS-TYPR ACTIVITIES
January 1967
107
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
for the Twelve Months Ended June 30, 1966
Public Enterprise Revolving Funds - (Continued)
Income and Expense
Table
2.
-
(In thousands of dollars)
108
Treasuri)
January 1967
109
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
for the Twelve Months Ended June 30, 1966
Public Enterprise Revolving Funds - (Continued)
Income and Expense
Table
2.
-
(In thousands of dollars)
110
CORPORATIC
n
:
111
January 1967
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section 11
-
for the Twelve Months Ended June 30, 1966
Public Enterprise Revolving Funds - (Continued)
Income and Expense
Table
2.
-
(In thousands of dollars)
Farm Credit
Administration 21/
Ace Glint
INCOffi
Revolving
fund for
administrative
expenses
Federal Home Loan
Bank Board 22/
Revolving
fund
Federal Savings and Loan
Insurance
Corporation
Panama
Canal
Company
Saint
Lawrence
Seaway
Development
Corporation
usiness
Administration
United States
Information
Tennesse
Valley
Authority
Revolving
fund
ency
Informational
media
guaranty fund
AND EXPENSE
Inconie:
Seles of goods and services
Interest
On public debt securities
Other interest income
Gxiaranty and insurance premiums,,
Other major income Items
Other income
3,055
16,2^3
4,887
750
39
278
14,450
Total Income
3,055
16,2^3
1U,959
132,219
6,498
62,004
355,939
131,469
51,095
306
88,671
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease. In:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings fron the U, S,
Treasury
Other
Other ma jor expense items
Miscellaneous expense
Tota 1 expense
61,104
622
33
69
5,338
3,021
233,747
12,38^
3,011
6,0i8
84
3,751
3
222
55,505
7,140
13,049
1,379
1,726
450
-14
-286
6,307
68,191
4,237
349
35,578
4,934
29,258
48,446
12,089 22/
19,814
2^
944
7,751
319
<,011
35,
5
12,228
96,600
329 271
691
36
125,28^
,
691
-7,441
173
-1,047
-328
-?73
41,948
-17,748
-328
-7,352
1J?,554
Total other gains, or losses (-)
),
341,455
1>;',^74
Other gains, or losses (-):
Charge-off s
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
Net Income, or loss (-
6,458
-10,090
before change in
valuation allowances
Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
26,66=
-950
829
-24
-5
6P4
(-), or decrease, in
allowances for losses
Net increase
Net income, or loss (-), for the period
Charges (-), or credits, applicable to
w
85,303
6,380
-1,999
Net income, or loss (-), transferred to
accumulated net income, or deficit (-)
?5,303
5,567
1,487,219
85,303
135,438
5,567
-50,525
26,668
-8,045
-813
prior years
-29
-8,578
-23,251
23
,999
-58,570
-19,195
-1,999
-163,347
-58,570
-1
-979
41
26,663 2^/
-938
CHANGES IN ACCUMULATED NCT INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
Balance at end of reporting period
Footnotes at end of Section III.
U
337
23
345,943
26,668
-22,047
-938
-43,873
-66
181,385
1,753,907
141,005
-21,194
-221,918
328,738
-22,985
112
rORPHRATTOMQ
Section
II
-
AMFI
PPRT ATM HTHFR RTTSTNRSS-TYPE ACTIVIT
Income and Expense for the Twelve Months Ended June
Table 3. - Intragovernmental Revolving Funds
(In thousands of dollars)
30,
January 1967
113
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES^
Section
II
-
Income and Expense for the Twelve Months Ended June
3. - Intragovernmental Revolving Funds - (Continued)
30, 1966
Table
(In thousands of dollars)
Commerce
Department ( Continued)
Defense Department
Defense
agencies
Air Force
Department
HEW
Department
Array Department
Navy
Department
Account
Working
capital
fund
Defense
industrial
fund 26/' 27/
Industrial
fund 27/
Industrial
fund 27/
Corps of
Engineers
Industrial
fund 27/
Public Health
Service
Service and
supply fund
INCOME AND EgENSE
Income:
Sales of goods and services
Interest:
On public debt securities
Other interest income
5,513
222,219
6u,7l6
878,395
333,270
5,513
222,219
6^i,716
873,395
341,
82
562
2,568
1,983
1,893
11,216
210,123 28/
105 ,7U
27,067
119,179
519,706
2/10, 6i6 28/
Guaranty and insurance premiums.
Other ma j or income items
Other income
Expense:
Direct cost of goods and services sold:
Cost of commodities sold
ffeterials applied
Wages and salaries applied
Other applied expenses
Increase (-) , or decrease, in:
512, /i91 28/
-10
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S,
Treasury
U8
2,585.402
13,635
1,197
4,469
315,6a
-6^6
18
7,542
455,297
1,313,665
867,318 28/
-26,144
-18
5,887
110
9,851
29
32
Other
Other major expense items
Miscellaneous expense
165
Total expense
5.i8i
947
223,221
6i5,273
878,885
Other gains, or losses {-):
Charge-off s
Gain, or loss (-) , on sale of fixed assets
Gain, or loss (-) , on sale of other assets
Other
332,105
2,610,135
13,459
-24,734
176
-24,734
176
2,085
84
9,32"
-22,648
260
14,506
9,329
27,352r
-22,648
272
260
23,835
4,704
532
-358
645
Total other gains , or losses (- )
,
13,616
7,37?
Total income
Net income, or loss {-)
2,585,402
286
before change in
val\mtion allowances
30
Increase (-) , or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
-1,002
-557
30
-1,002
-490
'1,
-557
-<i90
9.32
-70i
-1,241
-1,002
-1,261
-1,731
l,938r
-1,731
329
,
Net increase (-)
, or decrease, in
allowances for losses
Net income, or loss (-) , for the period.
Charges (-) , or credits, applicable to
-6
prior years
Net income, or loss (-)
transferred to
accumulated net income, or deficit (-).
,
2i
CHANGES IN ACCUMULATED NET INCOME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss {-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
a5
33
24
-1,002
13,918
-1,261
Balance at end of reporting period.
439
-969
12,657
Footnotes at end of Section III.
(Continued on following page)
CORPORATin
January 1967
115
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
- Income
and Expense for the Twelve Months Ended June
Table 3. - Intragovernmental Revolving Funds - (Continued)
II
(In thousands of dollars)
30, 1966
116
nORPORATir
:
January 1967
117
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense
Table
4.
-
Twelve Months Ended June
for the
Certain Other Activities
-
30, 1966
(Continued)
(In thousands of dollars)
Interior Department- (Continued)
Account
Southeastern
Power
Administration
Southwestern
Power
Administration
Treasury Department
Miscellaneous
loans and
certain other
assets
Civil defense and
Reconstruction
Finance Corporation loans in
liquidation
Interstate
Commerce
Commission 32/
Payment
of loan
guaranties
INCCME AND EXPENSE
Income:
Sales of goods and services
Interest
On public debt securities
Other interest income
Guaranty and insurance premiums
Other major income Items
Other income
2i,726
10
2,832
Total Income
2i,726
U,075
821,202
3,287
6
13,509
452
200
3
li,065
818,369
225
230
Expense:
Direct cost of goods and services sold:
Cost of coniDodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
Other major expense items
Miscellaneous expense
Total expense
1,459
8
3,493
15,430
Other gains, or losses (-):
Charge-off s
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other
300
Total other gains, or losses (-)
300
Net income, or loss (-), before change In
valuation allowances
21,233
821,202
Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on Inventories
Other
Net Increase (-
229
300
28
300
-12,682
or decrease, in
allowances for losses
),
Net income, or loss (-), for the period
-12,682
21,233
-1,356
808,519
-in
5,919
-24,755
21,187
4,563
783,764
28
-12,676
Balance at end of previous fiscal year
Net Income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other
201,392
21,187
-17,269
4,563
1,054,582
783,764
28
-12,676
Balance at end of reporting period...,
222,578
-12,705
1,140,456
28
-12,676
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-)
-12,976
CmNGES IN ACCIMJLATED NET INCCME OR DEFICIT
Footnotes at end of Section III.
-697,891
118
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Twelve Months Ended June
Table 5. - Certain Deposit Funds
30, 1966
January 1967
119
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense
Table
6.
-
for the Twelve Months Ended June
Certain Trust Revolving Funds
(In thousands of dollars)
30,
1966
120
Treasury Bulletiit
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
II
-
Income and Expense for the Twelve Months Ended June
Table 6. - Certain Trust Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
January 1967
121
^CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June
Table 1. - Summary by Specified Classes of Activities
(In thousands of dollars)
Account
30, 1966
Treasury Bulletin
122
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June 30, 1966
Table 2. - Public Enterprise Revolving Funds
(In thousands of dollars)
:
:
January 1967
123
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Applicat ion of Funds for the Twelve Months Ended June 30,1966
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Agriculture Department
Account
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase^ construction, or improveiDent
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
2,015,990
^6,316
69
182
Total acquisition of assets
Operating and other expenses (excluding
depreciation )
Increase in selected working capital
2,062,^89
3,209,595
58,^70
208
Total funds applied to operations
5,272,08i
58,7^7
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
1,112,987^
11,437
Total realizfaolon of assets
Capital stock issued to the public
Income
Decrease in selected working capital
2,461,080
221,234
<10,026
Total funds provided by operations
3,806,739
40,026
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
1,465,344
18,721
1,124,425
FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S.
Government
Appropriations enacted
Borrowings from the U, S, Treasury
Capital and surplus advances from the
U.
S,
2,799,789
4,361,39i
Treasury
Other
Total increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease In selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
,
.,.,,
Repayment of borrowings from the U, S,
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S,
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to finanjsing
5,704,506
5,704,506
5,704,506
Net effect of financing (excess of funds
applied
(-
)
,
or provided )
Footnotes at end of Section.
1,465,34^
124
rORPORATl
January 1967
125
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June 30, 1966
Table 2. - Public Enterprise Revolving Funds -(Continued)
(In thousands of dollars)
Treasury Bulletin
126
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section
III
-Source and Application of Funds for the Twelve Months Ended June 30,1966
Table 2. - Public Enterprise Revolving Funds -(Continued)
(In thousands of dollars)
Housing and Urban Development Department
Office of the Secretary
College
housing
loans
Public
facility
loans
}U,3^/,
Public works
planning
advances fund
33,380
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired,.
P^urchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
16,118
33,380
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
16,118
7,958
It
56
406,878
41,338
26,345
16,175
4,475
7,218
Total realizboion of assets
Capital stock issued to the public
Income
Decrease in selected working capital
26,345
4,475
7,218
65,768
2,406
7,U7
69
Total funds provided by operations
94,519
12,251
7,287
312,359
29,087
8,887
350,413
63,000
350,413
63,000
15,000
350,413
63,000
15,000
28,600
4,000
28,600
4,000
9,454
33,054
?Q,Qn
312,359
29,087
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
330
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U, S. Treasury
Capital and surplus advances from the
U. S, Treasury
Other
Total increase in investment of the U, S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U, S.
Trea sury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section.
15,000
33,913
6
Liquidating
programs
Urban
renewal
fund
Rehabilitation
loan
fund
Housing for
the elderly
or handicapped
'
January 1967
127
^CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
128
pnppnpATT
129
January 1967
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
130
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June
Table 2. - Public Enterprise Revolving Funds -(Continued)
i\
30, 1966
(In thousands of dollars)
Treasury Department~( Continued) General Services Administratio
Office of
the Treasurer
Treasurer of
the U.S., check
forgery insurance fund
Expansion
of defense
production
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations
638
6U
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realizbi,ion of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-)}
FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S, Treasury
Capital and surplus advances from the
U, S, Treasury
Other
Total increase in investment of the U, S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government:
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S.
Treasury
Repayment of capital and surplus advances
from the U, S, Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U, S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)
Footnotes at end of Section,
271
12^
3
1,830
1
638
633
Reconstruction
Finance
Corporation
liquidation
fund
Expansion
of defense
production
Veterans' Administratio
Canteen
service
revolving
fund
Direct
loons to
veterans
and
reserves
Loan
guaranty
revolving
fund
January 1967
131
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June 30. 1966
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
Treasury Bulletm
132
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
Source and Application of Funds for the Twelve Months Ended June
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
January 1967
133
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June
Table 2. - Public Enterprise Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
134
rORPORATT
135
January 1967
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June
Table 3. - Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
Treasury Bulletin
136
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Month s Ended June
Table 3. - Intragovernmental Revolving Funds - (Conti nued)
30, 1966
:
;
137
January 1967
^CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
III
-
Source and Application of Funds for the Twelve Months Ended June
Table 3. - Intragovernmental Revolving Funds - (Continued)
30, 1966
(In thousands of dollars)
Account
Working
capital
fund
General Services Administration
Treasury Department
State
Department
Bureau of
Engraving
and
Printing
United States
Coast Guard
Supply
fund
Buildings
management
fund
Yard
fund
FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of f ixed a ssets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other
5-i
3,036
8
90
1,950
31,838
21,608
16,880
376,629
6,790
3A,925
21,615
16,970
385,369
6,500
Total funds applied to operations
6,717
Total reallzbuion of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided -by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))
163
118
lis
6,5i3
33,59Z
6,661
37,083
57
-2,15a
FUNDS PROVIDED BY FINANCING
S.
Treasury
Other
Total increase in investment of the U. S.
Government
Increase in other borrowings
Decrease in investment holdings
Decrease in selected cash and fund balances
57
Total funds provided by financing
57
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transf erred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances
2.159
Total funds applied to financing
2,159
Net effect of financing (excess of funds
applied (-), or provided)
52
16
Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S, Treasury
Capital and surplus advances from the
U.
1,950
3,036
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
90
5i
-2,159
21
Construction
services,
public
buildings
General
supply
fund
Treasury Bulletin'
138
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
Source and Application of Funds for the Twelve Months Ended June
Table 3. - Intragovernmental Revolving Funds - (Continued)
(In thousands of dollars)
30, 1966
January 1967
nORPORATTONS ANH PP.RTATM nTHP-R
Section III
-
RTTSTMlTfiR.TVPP'.
APTTVTT
Source and Application of Funds for the Twelve Months Ended Ju
Table 4. - Certain Other Activities
(In thousands of dollars)
uo
rORPORATT
January 1967
141
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section III
-
Source and Application of Funds for the Twelve Months Ended June
Table 5. - Certain Deposit Funds
30, 1966
142
rORPORATIC
January 1967
rnRPORATK
Treasury Bulletin
144
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Sections
1/
2/
2/
4/
^
6/
7/
8/
2/
10/
11/
12/
13/
14/
1^/
16/
17/
18/
19/
20/
21/
22/
23/
statements of Income and expense and of source and application of
funds are not yet included for certain activities for which statements of financial condition have been published in Section I, in
the December 1966 Bulletin.
Represents interest expense on appropriations made to the fund.
This amount reflects changes in treatment accorded collections of
interest as deposits to general and special accounts instead of
being netted against accumulated net income or deficit.
Includes operating and administrative expenses funds.
Includes interest expense of $3,750 thousand on capital stock.
Represents restoration of capital by the United States Treasury and
Interest expense adjustment for unreimbursed losses as provided by
an act approved November 2, 1965 (79 Stat. 1178).
Office of Civil Defense, civil defense procurement fund, shown under
this heading on page 119 of the December 1966 Bulletin, did not have
any net income or expense during the fiscal year 1966.
Office of Education, vocational student loan Insurance fund, shown
under this heading on page 119 of the December 19b6 Bulletin, did not
have any Income or expense during the fiscal year 1966.
A statement for the Virgin Islands Corporation, formerly shown under
this heading, was not received In time for inclusion in this table.
Formerly known as the Government mortgage liquidation fund.
This fund was formerly shown under the Office of the Secretary.
Name changed from Public Housing Administration by an act approved
September 9, 1965 (5 U.S.C. 62^ et seq.).
Represents Interest expense on public debt borrowings from the United
States Treasury and on appropriations and other capital.
Represents the fund knoim as "Advances to employment security administration account, unemployment trust fund."
Figures In this column are preliminary.
Includes unreimbursed costs of $33,000 thousand performed by other
agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for workmen's compensation and unemployment
compensation for postal employees, and certain custodial and maintenance costs of public buildings. Expenses also Include certain nonpostal services rendered to other agencies without reimbursement and
other public service costs and losses, which, under the provisions of
an act approved October 11, 1962 (39 U.S.C. 2303 (b)), are to be
excluded in adjusting postal rates end fees.
The operating deficit as of June 30, 1965, has been combined with
other items representing equity of the United States Government, and
is included with the net investment at the beginning of the fiscal
year 1966.
The accumulated net income or deficit is Included with the equity of
the United States Government and cannot be segregated.
Includes $1,021 thousand representing guarantee and Insurance claims
paid.
The short-term credit Investment fund and the banks for cooperatives
investment fund, shown under this heading on page 126 of the December
1966 Bulletin, did not have any income or expense during the fiscal
year 19 66.
Home Owners' Loan Corporation (liquidated), shown under this heading
on page 127 of the December 1966 Bulletin, did not have any income
or expense during the fiscal year 1966.
Represents Interest on the net direct investment of the United States
II
and
III
Government in this Corporation,
Represents interest on funds advanced to the Administration by appropriations.
2^ Represents net income of $4.7,888 thousand from power operations, and
net loss of $21,221 thousand from nonincome-producing programs during
the fiscal year 1966.
26/ Includes Federal Communications Agency.
27/ Excludes unfunded costs consisting of depreciation on plants and
equipment, military personnel, and other costs as follows: Defense
agencies, $755 thousand; Air Force, $286,8^6 thousand; Army, $90,818
thousand; and Navy, $119,082 thousand.
28/ Includes contractual services and other costs.
Represents the Cooley loan program established pxirsuant to the Agri29/
cultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (c)).
Represents other loans, salaries, and expenses.
,1Q/
21/ Represents gross revenues of $95,012 thousand less $57,001 thousand
transferred to Associated Projects.
2E/ Included beginning J\ine 30, 1966.
21/ Statements of Income and expense are not yet included for certain
activities for which statements of financial condition were published
Certain other activities
in Section I, in the December 1966 Bulletin,
are included in this Section only on a fiscal year basis at the present time.
2A/ Excludes noncash transactions amounting to $1,173,133 thousand representing loans exchanged for commodities.
1^ The net effect of operations on expenditures and net effect of
financing, exclusive of foreign currency transactions, amounted to
$50, H7 thousand.
Is/ Consists of principal and interest collections deposited into the
United States Treasury.
22/ Defense Supply Agency, defense production guaranties, shown under
this heading on page 118 of the December 1966 Bulletin, did not have
any funds applied or provided during the fiscal year 1966.
^8/ Represents sales of participation certificates.
22/ Liquidation of certain Reconstruction Finance Corporation assets,
shown under this heading on page 126 of the December 1966 Bulletin,
did not have any funds applied or provided during the fiscal year
24/
1966.
40/
41/
^/
41/
44/
45/
46/
42/
r
**
Represents repayments of participation certificates.
Includes sales of participation certificates.
Represents United States dollar equivalents of foreign currency
transactions.
Includes United States dollar equivalents of foreign currency transactions.
Certain activities are included In this Section only on a fiscal year
basis at the present time.
Consists of vested property cash charges of $158,724 thousand and
safekeeping cash charges of $57 thousand.
Represents transfer of $130 thousand to the World War II fund for
payment of salaries and other expenses, and litigation settlement
of $85 thousand.
Consists of vested property cash credits of $6,242 thousand and safekeeping cash credits of $365.
Revised.
Less than $500.
.
,
January 1967
145
.CUMULATIVE TABLE OF CONTENTS.
February 1966 through January 1967
Issue and page number
1966
Apr.
Article:
Treasury financing operations.
June
A-1
A-1
TV
IV
I
Summary of Federal fiscal operations.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
July
Aug.
1
1
1
1
II
IV
rv
IV
IV
IV
1
1
1
1
1
1
11
11
3
5
6
7
10
12
12
11
12
13
14
II
II
12
12
10
10
10
10
12
13
13
14
11
11
12
i;
12
13
13
U
15
13
13
li
15
1/t
15
16
14
It.
14
15
1"
16
lb
17
17
13
19
lb
17
13
10
10
u
19
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public.
Intragovernmental and other noncash transactions
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted
II
2
10
10
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
and trust expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt and agency
securities, by Issues (latest date September 30, 1966)
Sept.
II
A-1
Administrative budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue collections by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Sxunrcary 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 1965.
21
22
11
11
10
II
14
12
13
16
19
17
22
23
23
2A
13
14
15
15
16
16
1"
15
19
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Maturity distribution and average length of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U S. Government
26
26
21
22
17
18
15
16
21
22
17
18
19
17
23
19
2i
25
20
21
19
20
24
25
20
21
18
19
24
25
20
21
22
22
21
21
26
26
22
22
20
20
26
26
22
22
27
23
27
23
22
22
23
28
28
29
24
24
23
23
24
28
28
29
24
24
25
22
22
23
28
29
25
26
27
24
25
29
30
25
26
23
24
29
30
26
31
27
25
31
26
32
28
33
29
18
19
23
Debt outstanding:
Summary of Federal securities
16
17
14
26
26
20
21
25
Monetar.Y statistics:
Money in circulation.
18
19
12
13
13
19
18
10
11
23
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 Treasurer
of the United States
Gold assets and liabilities of the Treasury
2i
2J,
23
28
24
24
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly and annual 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
.
27
25
27
28
29
25
26
27
23
2i
25
29
30
31
30
28
26
32
28
27
32
28
31
.
Statutory debt limitation
•
May
II
Reporting bases.
1967
29
27
33
29
28
33
29
32
3A
36
30
32
3i
28
34
36
38
30
32
34
29
31
33
34
36
38
30
32
34
28
30
32
34
36
38
30
39
38
i3
a
42
47
33
43
37
42
47
38
43
36
41
42
42
39
45
U
50
46
45
50
46
44
51
48
i7
30
32
36
25
25
25
26
32
35
50
49
h.1
53
49
48
53
49
47
55
52
57
57
55
61
57
56
61
57
55
63
60
62
63
61
67
63
62
67
63
61
69
66
(Continued on following page)
Treasury Bulletin
U6
CUMULATIVE TABLE OF CONTENTS.
February 1966 through January 1967
-
(Continued)
Issue and page number
1966
Apr.
United States savings bonds;
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined.
Sales by States, Series E and H combined
M
65
66
68
69
70
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
66
67
69
6A
64
65
67
1967
70
70
71
73
June
July
66
66
67
65
65
66
70
70
71
73
74
75
66
66
67
69
64
64
69
76
70
68
70
71
69
70
76
77
70
71
68
69
72
May
Aug.
71
78
74
Sept.
Dec.
Oct.
65
67
72
72
73
75
76
69
70
72
:
70
Market quotations;
End-of-month closing quotations on Treasury securities by issues
Chart - Yields of Treasury securities
.
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
75
71
72
Treasury survey of ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1966)
68
70
71
68
75
76
73
72
70
and certain other business-type activities;
of financial condition (latest date June 33, 1966).
expense (latest date June 30, 1966)
application of funds (latest date June 30, 1966)..
79
75
80
76
78
7i
76
81
83
76
78
75
77
90
77
79
75
77
84
86
Si,
79
80
77
8/,
79
85
78
79
91
92
80
81
78
79
87
78
23
21
27
22
27
23
21
27
26
'26
85
86
87
87
88
'22
20
26
2}
22
74
21
26
22
82
83
84
23
22
80
79
80
80
81
81
81
81
81
81
89
81
90
82
91
92
81
82
82
93
82
82
81
82
82
83
82
93
83
94
82
83
82
83
90
85
86
84
95
84
84
91
87
85
96
85
83
8i
98
99
108
109
110
111
113
lU
115
116
117
89
87
88
85
86
9i
97
106
107
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts.
Transactions and balances in agency accounts...
Corporations
Statements
Income and
Source and
73
81
83
National bank reports;
Earnings, expenses, and dividends for calendar years 1961-65^
Capital movements between the United States and foreign countries:
Summary by periods beginning 19^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term 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 reported by nonbanking concerns
Short-term claims reported by nonbanking concerns
Long-term liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported
Purchases and sales of long-term securities by foreigners during
calendar year 1965
77
78
83
77
Exchange Stabilization Fund (latest date September 30, 1966):
Balance sheet
U.S. stabilization agreements
Income and expense
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 an4
regional organizations
73
92
87
87
98
87
87
90
99
100
101
110
111
90
99
100
90
99
100
106
107
93
102
103
101
101
112
101
101
108
104
102
103
104
106
107
108
109
102
103
104
106
107
108
109
113
114
115
117
118
119
120
102
103
104
136
107
108
109
102
103
104
106
107
108
109
109
110
111
113
114
115
116
105
106
107
109
110
110
121
110
110
117
113
98
99
99
100
100
100
105
101
102
103
105
106
107
108
101
102
103
105
106
107
108
106
107
108
110
111
112
113
109
94
97
90
110
111
112
98
119
119
111
111
119
89
90
91
89
103
104
109
85
112
113
116
137
115
100
121
Treas.
HJ
U.S. Treasury Dept.
10
.A2
1967
Treasury Bulletin
C.2
@FedFRASER