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LIBRARY

\

Y^

UBRARY
ROONl 5030

TREASURY

DtPARTM^^^

-i^

ircaS>

TTMEASUmV.

BmLETM

JULV-I35E

VdP=^^

5030

UMilE DAIRIESJCRERSURV DEPRRTMENT
OFFICE DF THE

SECRETBRV

July 1952

Table of Contents

Page

Treasury financing operations

ij^

;%

,9iJ8^c M-r

8 liws

iKK,».

sua: n^jr

\'j.

.

a

A-1

Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

g

Treasury cash income and outgo

12

G-eneral Fund of the Treasury

I5

Debt outstanding

16

Statutory debt limitation

21

Debt operations

22

United States savings bonds

27

Treasury savings notes

32

Ownership of Federal securities

33

•>

I/-

33r

V

Treasury survey of ownership of Federal securities..

35

Market quotations

35

Yields of Treasury and corporate bonds

k"^

Internal revenue collections

11.5

Monetary statistics

1;q

Capital movement s

53

Cumulative table of contents

gg

Note:

In those tables in which figures have been rounded
to a specified unit, all calculations (including
percentages) have been made from unrounded figures.
Consequently the details may not check to the
totals shown.

July 1952

Treasury Financing Operations

June Bond and Certificate Offerings
On June 10, 1952, the Secretary of the Treasury

announced the offering for cash on June l6 of an
Intermediate bond, to be dated July

1,

1952,

In the

amount of $3-5 billion or thereabouts.
Proceeds
from the sales of this bond, the announcement

stated,

might be deposited In Treasury tax and

loan accounts.
On the same date, the Secretary of the Treasury

also announced the exchange offering on June l6 of

a 1-7/8 percent certificate of Indebtedness to be
dated July

1,

1952,

and to mature June

1953,

1,

for

the 1-7/8 percent certificates of Indebtedness of
Series B-I952, maturing July
of $5,216 million.
It was stated,

1,

1952,

In the amount

This maturity date was selected,

in order to Iteep June I5,

for tax anticipation bills.

1953>

open

On June 12 the allot-

ment basis was announced on which

subscriptions

would be received for the Intermediate bonds.

Full

details of the bond and certificate offerings were

given In the official circulars dated Monday,
June 16, 1952.
For the Intermediate bond, nonbank subscriptions

were accepted without limit and allotted In full.
All such subscriptions.

Including commercial bank

subscriptions for their customers, were required
to be accompanied by payment of 10 percent of the

amount of bonds applied for.

Subscriptions from
received

commercial banks for their own account were

without deposit, but were restricted In each case
to an amount not exceeding the combined capital,

surplus,

and undivided profits, or

5

percent of

the total deposits, as of December yi, 1951. which-

ever was greater, of the subscribing bank.

In

accordance with the Treasury's customary practice,
commercial banks were defined as banks accepting

demand deposits.
Subject to the usual reservations,

subscrip-

tions for amounts up to and Including 3100,000 from

commercial banks for their own account were allotted
in full.

Subscriptions for amounts over 8100,000

from commercial banks for their own account were
allotted tlOO, 000 on each subscription.
The bonds bear Interest from July

1,

1952, at

the rate of 2-3/8 percent per annum, payable on a
semiannual basis on December I5, 1952, and thereafter

on June I5 and December I5 In each year until the

principal amount becomes payable at their maturity
on June I5, I958.

Bearer bonds with Interest coupons

attached and bonds registered as to principal and

Interest were Issued In denominations of $500,
$1,000,

$5,000,

tlO.OOO,

tlOO,000,

and $1,000,000.

Subscription books were closed as of the close of
business on June I6.

Total subscriptions received were approximately
Subscriptions from nonbank In$11,695 million.
vestors alone exceeded the amount of the original
offering and were so large that the total allotment

had to be expanded In order to provide the minimum

allotment announced for commercial banks. The
approximate allotments totaled $'+,21*5 million,
divided as follows:

.

Treasury Bulletin

A-2

since payment for the new bonds could be made

In full on

June

^,

or by Instalmente ending

1, 1952, exohangCB of the four marketable
Treasury bonds for the nonraarketable 2-3/4 percent
Investment bonds have not been completed. The bulk

December

of the ejsohanges, however, had been made by June "^0,
and payments In the amount of $1,17'^ million of the

Treasu ry Bills Increased and Refunded
Weekly maturities of 91-i5ay Treasury bills
during June totaled th.J billion and new Issues,
The new offering on June 5 amounted
51^.9 billion.
to $1.3 billion and the maturity to $1.1 billion.
In the successive three weeks maturities and new

offerings were for $1.2 billion each.

Average

total $1,307 million subscribed by exchange had been
received by the Treasury. Issues exchanged were as

rates of discount on the new offerings were 1.737
percent for June 5, 1.753 percent for June 12,

follows:

1.626 percent for June I9, and 1.682 percent for
June 26.

2-1/2
2-1/2
2-1/2
2-1/2

percent
percent
percent
percent

bonds
bonds
bonds
bonds

of
of
of
of

March I5, 1965-70
March I5, I966-7I
June 15, 1967-72
Dec.
15, 1967-72

$UlS
1^79

35
192

Hotel Details of Treasury aarket flnanolng operations are
"'freasur?
shown elsevhere In this issue of the
Bulletin", in the tables on "Offerings" and "Dis-

position", respectively, of narketable Issues of bcols,
notes, ai^ certificates of indebtedness, and in the table
"Offerings of Treasury Bills"

July 1952

SUMMARY OF FEDERAL FISCAL OPERATIONS
(In mlUlonfl of dollars)

Ireasury Bullet\in

BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In mllllaiis of dollare)

Jul./

=i9
1952

BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures for National Defense and Related Activities
(

In milllonfl of dollare

Treasury Bulletin

BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Expenditures
{In milllone of dollaro)

Fiscal year
or month

,

July 1952

BUDGET RECEIPTS AND EXPENDITURES

Table 6.- Smnmary of Budget Results by Months and Tears
(la allllanB of dollars)

Calendar
yoar

FlBcal
year 1/

Net 1)ud^et receipts 2/
121*

108

31B

21*1
25I*

1*58

27I*

29I*

1*17

527

289

339

1*95

252
251
229
268

203

21I*

96
182
282

21*3

282
386

285
369

822
730
552
599
1,270

36I*

1*08

71*2

267
260
325

1.1*1*

288
295
272
327

1*07

390

672
671
703
1,128

1*37

357
356
558

2,1*69
1*,567

739
2,001

581

2,511

599

591*

5,1*1*1

2,021*

2,078
2,1*35

2,656

5,803
I., 875

2,1*53

2,21*3

6,182
5,702
3,963

2,711*
2,1*32

2,182

2,21*6

lt,386

2,1*1*0

2,093
2,105
2,322
2,288

605
6,209

2,339
2,101
1,881
2,056
2,635

26X
326
510

11*9

205
197
225
236
290
267
309
33"*

233

208
216
225
304
363
't39

im
751

910
682
791
1,557

31*0

296
383
686
1,508

393

386

159

365
1*1*0

1*1*3

1*,851

731*

5,550
5,712

38,810

2,692

1*,197

1*1,010

2,51*0

It,

Oil*

1*1,1*50

2,31*1*

It,

191

38,122

2,851
3,521

lt,211

5,279

37,831*
53,1*88

•us

266

1*96

1*88

368
686

5,017

591*

1*92

661
636

633
612

7,1*95
6,61*6

659

680

651

8,539

617
751
692
738
1,989

565
777
752
891
2,328

967
631
888
1,890

671
835
835
1,187

7,635
8,220
9,151

2,681*

20,229

6,181*

6,012

6,926

57,751

2,297

l*,929

1*,612

1*,859

2,281
2,096

2,1*38

2,321*

2,505

l*,5lt3

3,579
3,366

3,381
2,972

5,'*35
i*,8eo

1,31*0
1,1*88

1,9^5

!*,767

1,91*6

2,1*79

1*,832

2,-320

l*,l*0lt

I*,

1*,257

8,112

2,626

3,1'*6

7,089

1,881
2,571

2,860

lt,lA8
'>,953

5,553

9,886

•,323

3,809

3,591*

5,71*7

51J

1*3,531
1*3,928

1,962
2,239

2,895
2,900

818
668

31*5

050

5,31*2
5,871*

3,725

3,01*7

283

3,1*31

5,321*
1*,067

'*,196
l*,158

3,613

3,770

1*,333

8,1*67

1*,196

2,1*91*

3>59

3,792

511*

16,290

2,786
2,159

2,7l|.0

1,1*72

1*27

1,205

3,581*

91*9

556

2,1*71*

230
230

2,695
5,730

3,538
5,202
6,532
6,661
5,501

571
783

336
328
377

2l*l

1,900

It,

31*, 1*83

Budget axpendltures 2/
1*95
331*

1*28

1*1*2

1*33

1*66

266

607

539

551

728
652
2,336

1*62

l»o8

1*25

505

1,21*8

57I*

1*57

1*90

51*1

1*58

1*59

571

672
605
625

513

621*

696
687
785
798

668
667
665
710

950

587
513
653
677
1,133

633

1*50

585

727

31*7
30I*

509
519
592

605
1,352

1,591

1,631

501
703
1,020
801
1,668

l*,8lO

5,257

5,1*56

666
956

1*17
691*

81*3

1,076

1,1*82

1,1*01*

2,652
6,358
8,012
7,127

3,515

l*,l*00

7,71*6
10,1*12
9,031*

3,31*0

3,598

3,939
7,300
7,337
7,758
3,750

3,731

3,1*07
2,51*1

3,281*

2,222

3,151

3,101*

2,1*96

3,239
3,086
3,651
3,269

3,211

l»,058

2,81*7
i*,007

5,1*55

5,105

5,701*

6,016

5,659

-1*13

-251

-222

-236

-333

-281*

-181*

-i08

-71*5

-1*30

-158
-190

-1*92

-31*2

-21*8

-260
-233

-281

55
179

-383
-397

-305
-168
-298

-I9I*

-1*53

-1,809

-135

-122
-227
-226
-253

-351
-223
-385
-368
-799

-287

-210
-399
-696
-519

2,680
6,728
7,737
8,11*2
l*,8ll

3,019
2,800
3,205
3,323
3,808

2,221*

2,972

8,260
8,631

7,1*99
8,011*

7,831
8,208

9,51*0
1*,836

8,561
3,287

6,91*9
2,71*5

5,921
7,667
7,779
6,372
2,663

3,553

2,962

1*,996
1*,018
1*,656
1*,296

1*,517

5,969

1*,739

2,962
2,335
3,585
2,515
5,087

2,673
3,066
3,995
3,520
5,163

7,1*75

6,879
8,927
3,371*

3,71*1
3,1*31*

3,013

7,619

507
532
1*91

9,61*5

7,91*7

7,71*1*

90,171*

8,031*

7,811

8,327

5,619
2,860

1*,530
2,1*53

1*,962

97,181
87,522

3,605

1*1,322

2,391*

2,11*3

3,176

3,163
3,127
3,102
5,178

1*,102

38,576
36,209

3,722

1*1,711*

3,71*2

38,255

5,627

56,81*6

2,911
3,lil
3,170
5,1*83

Budget surplus, or deflolt (-)

-21*3

-31*

-861

-1,891

-5,117
-5,776

-3,lHP
-2,227
-1,976

-5,585
-5,595

-5,1*17
-5,851*

-6,131*

-1*,293

-1,1*97

-3,165

-1*99

1,723

-1*20

-5,706
-2,208
-165

-521*

1,9110

-55

51*9

-1,61*5
-1,1*88

169
-1,106

1,1*77

837

-810
-1,230

-1,132
-2,168

3W

1,081*
l,0li6

-1,111*
-2,81*7

-623
-783
-252

-221

-1*26

-1*8

-1*57

-351*

-181*

-l*ll*

-665

75

-1,022

-213
-966

-56
-332
-285
-321

-2,109

-1,901

23

-3,81*1*

-2,31*1

-5,91*6

-5,1*09

-2,51*3

-3,253
-5,792

-1*,997
-1*,683
-1,01*2

-5,518

-3,880
-2,373
1,902

-1*,291
-l*,972

-3,981*

-2,1*1*9

-3,838

-1,591

-6,028
-1,131

-873

-5,937
-6,126
-1,105

706
1,396

lt6U

-1,1*1*5

-987

-67

-1,272

1,931*

-302

103

81*1

371*

1*09

-1,159

111
108
1,119

-1,850

-3,511*
2l*3

1*1*

1*76

2,102
2,788
1,783
1,551

61*0

1,01*7

l*,05l*

-1,811
-1,358
-1,381

1*1*8

it,ia2

-1,693

-501

-6,002

-61*2

-1,370

-3,693

Source: Dally Treasury Stateoieait.
1/ Flsoal year endins June 30 of year Indicated,
2/ Grose receipts less appropriations to Federal Old-Age and Surrlvors
Insurance Trust Fund and refunds of receipts,
2/ Erpeodltures are "net" , after aULovanoe for reimbursements to
appropriations, receipts of rerolTlng fund appropriations, and
receipts credited to disbursing aoconnts of corporations and
agencies having authority to use collections without formal covering
into the Treasury, The figures Include transfers to trust accounts,
transactions of the Foreign Economic Cooperation Ttust Fund,
established under the Econcmlc Cooperation Act of 191*8 (62 Stat, 150),
and transactions of wholly owned Government corporations and agencies.
Beginning Novanber 1950, inveslzients by these corporations and agancies

-1*07
-1*13

-158
-285
-353
-277
-303
-209
-622
-273
-532
-1,332

-351*
-1*10

-222

-1*09

-1*83
-1*80
-56I*

268
223
-103
-7

-11*6

-311
-2W*

-1,221*

-1*,518
-5,1*98

-93
-259
-655
-361
-1,278
-1*,?75

-1,1*93

-277

-1,658

-32

-358
-256
-185
-137

-2,51*3

11*8

-1,888
-2,670

-166
-321

-1*,061*

-2,851*
-1*,206

-l*,300

-1*52

-3,931*

-1,1*79

-11,762

-1*,231
-2,011*
-3,001*

-1*1,1*61

-55,691
-53,650

-895

-1*3,591*

1*1*5

-2,512

1,022
-88

2,1*31*

1*69

-3,592

5,21*1

1*70

-1*22

-31*7

-3,358

In public debt securities are excluded from budget expenditures and inwith other such Investanents under "Trust account and other transactions". Corresponding adjustanents were made in Novanber 1950 and
January 1951 for net investanents classified as budget eipanditures In the
period July through October, Budget expenditures exclude also amounts for
public debt retirement which are chargeable to the slnldng fund, etc,,
under special provisions of law. Payments to the Treasury, prlnolpaliy by
wholly owned Goveromoit corporations, for retireanant of capital stock and
disposition of earnings are excluded from both receipts and expenditures.
Further Information on capital transfers and the Foreign Economic
Cooperatton Trust Fund may be found in the 1951 Annual Report of the
Secretary of the Treasury, pages 686 and 687,
cli;^ed

)

Treasury Bulletin

BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act
(

-

Budget Receipts and Expenditures

In mlllione of dollars

July 1952

BUDOET RECEIPTS AND EXPENDITURES,
Table 8«- Railroad Retirement Act

-

Budget Receipts and Expenditures

(In mlllione of dollare)

Beceipta

Bzoese of net
roceipta, or
expel
pendituree (
1/

Taxaa on
oaiTlere
and thelx
employe ee

Deduction:
Befimde of taxes
on carriers and
their anployaea
2/

Adminle-

Nst
reoelpta

.

.
.
,

'

Treasury Bulletin

.

THUST ACCOUNT AND OIHER TSAHSACTIONS

Table 1.- Summary of Trust Account and Other TraneactlonB
(In millions of dollars)

Het of
trust account
and other
tranaactlonB 1/

Net receipts, or
expenditures (-)

3,238
2,619
2,658

5,085
7,086
7,712
6,2W*
6,515 Z/

99
679

1,890
-281
3,852

6,669
7,796

-173
-330

3,663
3,753

8,802
8,815

-2,222
791

I9V1
191*5
19>»6

7,51*1*

-521*

191*7

-1,103

19W

-291*

191*9

-1*95

1950
1951

1952 (Estimated),
1953 (Estimated).

Net investanents of
GoTenmsnt ogenoiee In
Expenditures
public debt securities 2/
( other than net
investments)

Receipts

5,200
3,668
3,362
3,060

1*6

28

J*02

3,557

8
-10

-371*

5,11*0

5,062

3,951*
1*,158

1*60

336

517

369
902
692

1*23

1

217
271

686

21*7

1*21

73

-371*

1*2

392

531
336

831

350
300

1*11

186
106

681*

31*7

1*1

1*76

1131*

853

1,050

197

AprU

Source: Actual figures from Dally Treasury Statement; estlmateB based
1953 Budget document. Including effect of proposed leglfllatlon.
1/ Excess of receipts, or expenditures (-),

-

-66
-28
-123

2,311

1*97

»*V

not guaranteed

2,683
1,276
160
387
16

3,91*5

292

-51*

Guaranteed

3,821*2/
6,950

1*09

-55
82
196

March

-1*56

3,625
3,857

1,079
896

Septembecr.t

1952 -January. , . .
February...

1*,129

l*,lt7l*

5,711*

U.8
583
560

August
October.....
Norember. . .
Decasber....

305

106

1951-Jiily

Net redfflaptlone or sales (-),
of securities of Government
aeonclee in the market 2/
,

Trust aocounta, etc.

11*

-38
7

221
171

123
63

270
510

2/

Caofllets of transactions vhich clear through aocounta of the Treasurer

^
»

of the United States.
Excluies Foreign Ecanomlc Cooperation Truat Fund (see page l),
Less than $500,000.

Table 2.- Trust Account Receipts
(In millions of dollars)

Federal Old-Age
and Survivors
Insurance Trust

131*

578

792

71*0

90

591*

1,171*

92
87

680

529

61*5

690
1,076

678

1,51*2

681*

191*9

5,711*

1,921*

625

1950
1951

6,669
7,796

2,367
3,1*11

1951-July
August
September .
October....

8,802
8,815
1*09

1,079
896

1*,192
l*,l*37

797

852
813

1,501
1,559
58
376
22

175
516
271*

1*8

369

281

Noveanber, . •
_X>eoaaber.,.

1952 -January....
February...
Maroh. .....

96
392

152

831

1*48

351
1,038
1,666

1,501*

6,515 3/

1952 (Estimated)
1953_iEstlmated)

501
557

Other toTuat
funis and
aocoimts
2/

1,173
1,281

322
323

6,21*1*

Government
employees
retlranent
funds 1/

97
103

32I*

1,386
1,623
1,807

191*7
191*8

Ins\nrance

905
2,127
2,351

273

1,1*31*

191*5
191*6

Government
Life

1,567
1,508
1,280
1,289
1,313

1,395

5,085
7,086
7,712

191*1*

National Service
Life Insurance
Fund

Ballroad
Retlremen
Account

36

91*

611*

3/

1*03

545
911*

51*0

1,095

223

30
30

1*0

31*3

92

39
102
1*7

61
37

28

1*71*

I176

April

1,050

May

Source: (Sans as Table 1).
funds.
1/ Consists of Civil Service and Foreign Service retlramant
2/ Inclines Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, island possessions. Increment resulting from reJune
through
1950
and
duction
the velght of the gold dollar,

m

^

seigniorage on aUvar under the Silver Purchase Act of I93I*. Thereafter
such seigniorage is included vlth other seigniorage under budget
receipts.
Excludes Foreign Eooncmic Cooperation Trust Fund Isee page i;.

Ji.il/

1952
TRUST ACCOUMT AMD OTHKE TRANSACTIONS

Table 3.- Trust Accgunt Expenditures Other Than Net Investments
(In mllllona of dollare; negative figures are exceee of credits)

Flaoal year
or month

1

U

5

1

1

1

8
7
a

5

10

8

Treasury Bulletin
TBOST ACCOUNT AMD OTHER TRANSACTIONS.

Table 5.

Federal Old-Age

«uid

Survivors Insurance Trust Fund

(In mlUlona of dollar*)
Erpandlturaa othar tlian inraB^nanta
Interest
and
profits

Flsoal
year

1937-H..

fsrs
frcm

Congreo,

&0narCLl

2/

Fund

6,n6.o
lAaa.s

191*5
19't£

Tranfl-

1,386.0
1,623.3

5,711.l>

Uol*.7

1,309.9
1,238.2

11*7.8

expenses

by

Eenaflt
paymenta

3tat«a

3/

123.9

669.6
266.8
357.9

239.8
320.5

l*66.U

1*25.6

1,807.1>

1,616.2

163.5
190.6

559.1

511.7

19U9
1950
1951

1,923.8
2,366.8
3,411.5

1,6.90.3
2,106.1(

230.2
256.8

660.5

607.0
727.3

3,119.5

287.lt

1,568.5

1,1*98.1

2,059.1
2,561.6

1,975.0
2,lti75.0

167.9
186.6

159.1
180.3

1952 (Est.)
1953 (Est.)

t, 191.7

3,850.0

338.0

•t, '137.0

U, 030.0

1*07.0

1951 -Julj..
Aug...
Sept..

2Tlt.l

Oot...
Hot...

'•'31.0

Ceo..,

1*01.3

31.7
399.8
266.5

152. *

11*7.2

U,8.l>

1*1*5.7

m.5

Inoaptlon
caption
*° ^*«^-

171*.

516.3

515.8
257.9

'a. 9

Apr..
May..

781*.

7/

10.9

1.6

11*9.6

1.1*2.1*

1U.8

l.U
1.3

11*6.2
J.78.7

3.0

152.9
186.0
168.0

.6

1*59.9

10.9

266.9

251.5

11* .,8

1(86.0

1*76.1*

173.8

165.2

171*.

1('7.3

3.1*

176.5

W59.7

.6

178.5
175.8

169.1*

expense

aseeta

37.1*

na.i*

5,l*l*6.U

5,1*1*6.1*

1,167.0
1,028.0
1,157.0

6,613.1*
7,61*1.1*

5,1*08.9
6,5lt6.3

7,51*8.7
8,71*2.3

37.5
67.1
92.7
56.1
109.9

15.6
13.0

25.2
31* .1*

1,21*8.3

8,798.11
10,01*6.7

13.8
13.7
17.5

39.7

1,263.3
1,582.7

11,309.9
12,892.6

11,230.7

79.3

1*3.1

12,61ili.8

2li7.8

52.9

l,8lt3.0

ll*,735.6

11*, 322.

It

60.1*

2,132.6

16,868.2
18,7U3.6

16,758.3
18,863.3 6/

109.9

llt,7li2.2

llt,lt52.8

289.lt

lit, 672.

399.1

792.

1*03.6

9,936.8

62.6

1,875.1*

2.0
2.0
2.0

6.7

6.6
329.7

5.1

121*.

15,071.9
15,196.3

1.9
1.9
1.9

1*.7

-IOI1.9

15,091.1*

llt,81t2.7

5.1*

215.1
233.2

15,306.5
15,539.7

111,887.9

2.1
2.1
2.1

6.5
U.6

-21.5
27l*.lt

297.6

15,518.3
15,792.7
16,090 .k

15,216.0
15,276.0

.8

6/

161.7

2.6

9.6

deorease
Reljnburee

ment to
General
Fund hj
126.0
26.9

51*3.7

1947
19U8

1,1*59.5

Assets, end of p«rlod

AdjBlnlstratlTe

Dopoolta

1*.3

l*.l*

It

1.9
1.9

lit,

12.

6/

21*8.7
Itl8.6

15,017.3

15, 500.

302.3
516.7
590.1

16,178.8

15,789.0

389.8

16,1*89.0

l6,0llt.0

1*75.0

16,1*89.0

l6,oiit.o

I

-I

23,711.5ifgl,678.-3

l,99!i.3

6,685.0

285.9

Soureei
(SajM as Table 1).
1/ Inoiudee tranaaotlona und.or the predeoeaaor Old-Age Beaerre Account.
£/ For basis, see "Budget Receipts and Erpendltiirea", Table 7.
1/ P.Oder Title II of the S«oial Security Act, 3«iotlon 2l8 (e) as added
hy Section 106 of the Public La» 73U, appro\fed August 28, 1950.
Ondor Section 201 (f>,. Social Security Act AnwndKnta of 1939, as aaendod.
i/
2/ fialarlea and expense's of the Bureau of 01d-Agt» and SurrlTors Insurance,
paid directly fro* *ihe Trust Fund under Labor-Federal Security Appropriation Act, 191*7 (60 Stat. 679); and beginning I9U9, also adjalnlstratlTe

251.7

16,1*89.0

expenses relnbursed to the Federal Security Agency.
EstlJiAted benefit paysente Include $225 Million under proposed
legislation, but this expenditure la not taken Into account in

eetlmated Investaents.
Beginning Noreaber 1951 the. total includes "Other" receipts, in
the nature of reooTerles froai expenditures incidental to the
operation of the trust fund.
Less than $50,000.
Rot arallable.

,

Table 6.- Rallroad Retirement Account
(Xn millions of dollax*e)
Assets, end of period

Expendlturea other than In7est3nents
Total
1/

Appropriations by
Qpngreas 1/

Jlet Increase,

AdmlnlBtratlTe
expenses 2/

Benefit
payments
InroBiaBanta

or deorease (-)
In assets

TotaJL

1,116.9
308.8
292.1
298.2
758.5

2T.2

8U.0

8n.o

1:5.2

11*1.1*

11*1.1*

19.9
2U.2
38.9

152.0
173.3
222.3

152.0
173.3
222.3

1*90.8

321.0

278.2
299.9
316.2

i*.5

561.0

50.9
62.2
70.2

278.2

71*9.2

626.5
687.0

851.5
813.0

773.0
723.0

78.5
90.0

397.0

390.1*

6.6

l*5l*.5

l*lt7.1t

1*1*1.0

6.1t

365.6

3,304.0

2,865.5
3,230.0

72.9
74.0

60.3
27.3
125.5

60.3
27.3
125.5

27.5
27.5
27.2

27.1
27.
26.8

32.8

2,516.7
2,516.5
2,6l4.8

2,447.5
2,447.5
2,546.0

69.2
69.0

82.3
30.0 2/
52.9

27.7
27.2

27.3

^.8

31.2

26.8
30.7

2i'.l

2,669.6
2,672.4
2,694.5

2,600.5
2,613.2
2,630.1

69.2
59.1
64.3

1,11*1*.

321*.

312.0
322.lt
T97.1*
677.1*

82.5
30.0
53.3

301*.

333.0
182.6
160.1

333.0
515.6
675.7

11*9.1

82lt.9

575.1

1,399.9

399.2

1,799.1
2,21*4.0
2,1*83.9

1*.9

2.7

2,938.1*

318.5
500.5
657.0
805.5
1,374.5

14.5
15.1
18.7
19.4
25.4

1,720.0
2,057.6
2,4l4.5

79.1
186.4
69.4

66.8

57.0

56.6

53.1*

53.1*

59.9

59.1*

33.7
36.8
37.7

33.0
36.2
37.1

23.3
16.7
2e.e

2,717.8
2,734.5
2,7?6.7

2,656.8
2,671.2
8,693.6

61.0
63.3
63.1

56.1
90.9

55.2
89.9

37.7
36.9

37.2
37.0

18.1<

2,775.1
2,829.1

2,712.8
2,766.7

62.1*

5,583.8

5,271.7

2,75l*.7

2,71*0.6

2,829.1

2,766.7

"

3J12.1

Source: (Sane as Table 1).
1/ Totals nay differ from those in Table 2.
Prior to flsaal year 1952,
appropriations ware Included In Table 6 ^iibea made but were included
In Table 2 whan amounts ware transferred from the Oeneral Fund. Effective July 1951, pursuant to Public LeoJ 134, approved August 31,
1951,
the appropriation is equal to the sooun't of taxes depoalted in the

51*

llt.l

i

2/

2/

.0

2,829.1

62.3

Treasury (less refunds) unilar the Railroad Retir«mQnt Act, and
transfers are made ourranU'^, subject to later minor adjustanenta.
Paid from the trust fund under Title IT, aot of June 29, 1949
(63 Stat. 297).
Appropriaticc reduced $19.8 milllan by surplus warrant, pursuant
to Section 1214 of Publlo Lew 759, approved September 6, 1950.

Jitly

11

1952
TRUST ACCOUNT AND OTHER TRANSACTIONS

Table ?•- Unemployment Trust Fund
(In millions of dollars)

Ezpeodlturea other than Inrestaients

Ballroed Ubemploymsnt
Insuranoe Account 1/
TransContri- fers
Deposits
by
States
1936-iai....

19^5
igiifi

8,180.9
1,507.8
1,279.8

19''T
19lt8

1,289.1*

19't9

1,173.2
1,281.0

1,312.9

1950
1951

1952 (EBt.)

7,28U.3
1,256.0
1,009.9
1,005.3
1,007.3

y

981* .0

9.0
5.'t

180.1
167.1

1,501.^
1,559.2

1,300.0
1,330.0

57.7
375.5
21.6

53.3
375.2
15.1

Oct...
Hot...
Dec...

U8.3
280.7
95.6

U2.2
280.6
13.9

1952 -Jan...
Feb...
Mar...

36.3
209.3
23.9

32.8
208.9
16.1

50.2

1*5.2

3'»5.1»

3'»5.2

Inception
to date.. 19,111.0

1/

Wlthdrav&Ls
by
States

1,098.8
1,362.6

1953 (Est.)

Aio*..

States

2/

Transfers
from
Administration
Fund

29.1
8.9
9.6
9.2
9.7

1951- July..
Aug...
Sept .

Usy...

'butions from

16,1»36.9

383.7

U8.8
116.2
127.6
130.6

2,152.1*

105.9

71.3
l,l't5.9

70.1
1,128.3

.1*

11*3.6
11*6.9

5,878.8
7,315.3

5,870.0
7,307.2

8.1

133.9

7,1*1*9.1

7,1*09.0

1*0.1

1*19.9

7,852.0

17.0

.0

7,869.0
8,323.0

8,298.1*

-11*0.6

8,182.1*

8,138.3

-7W.5

7,1*37.9

7,1*1'*.

52.0

61*1.3

8,079.2

8,061* .2

800.0
650.0

56.6
57.2

61*1*.

8,721*.

9,576.0

8,711.2
9,561.2

12.8

852.0

66.5
72.8
62.9

2,2
3.9
3.6

-11.0
-1*1*.

8,068.2
8,367.1
8,322.2

8,029.2
8,335.2
8,310.2

39.0
31.9
12.0

72.6
69.2
78.5

68.6
65.0

i*.o

-21*. 3

8,297.9

U.2

8,509.1*
8,526.1*

32.7
17.2

l*.l

211.5
17.1

8,265.2
8,U92.2

7lt.l*

3.5

118.1*

108.7
106.1

112.
103.7
101.6

5.8
5.0

-8a .0

.1

100.6

''.9

102.3
92.5

165.3

182.0

1*.0

l'.9

77.9

3.*

85.3

5,878.8
1,1*36.5

5.2

107.2

|

377.9
123.6

It.l*

913.5

B&llroad
Transfors Unamployment Into Raildecrease
road Unem- e^Mw«
(-),
Afloount 2Jin
ployment
Insviranoe Benefit
assets
Acoount_^ payments

2,302.1

161*.

.3

sets, end of period

State accounts

1,568.2

869.5
858.9

817.1*

798.1

17.2
51.7
60.8

1,313.8
2,025.5
900.3

1,227.1
1,879.0

11*6.5

81*8.3

856.6
707.2

68.7
76.7
66.5

10,Wi7.l»

Souroel (Same as Table 1).
1/ Exoludes Intorlji advance of $15 million frooa the Treasury and subaeiiuent
repe^zuEit, both taking place In the fiscal jtac 19l*0.
2/ Represents contributions under the Railroad UnenqiloyiiuEit Insurance Act
of 1938, as amended (1*5 U.S.O. 36O (a)). In ezoeas of the amount specified
for adjulnistratlTe expenses. (See "Budget Beoslpta and Expenditures",
Table 9).
i/ Bepresents amounts transferred frcm States to Railroad Itoemploymont Insuranoe Account equlTalent to amounts of taxes collected vlth respect to

9,636.0

1*/

^
•

.1*

1*51*

86.7 5/

107.2

5/

298.9

21*.
1*1*

.1

23.6
15.0

ll*.8

8,1*27.2

99.3

8,l*l*l*.l*

8,1*23.2

8,51*5.0

21.2
20.8
28.6

-as .2

6,k6e.S

8, 521* .2
8,i>3i>.a

i*.o

-52.0

8,1*10.7

8,393.1

17.6

3.1*

252.9

8,663,6

8,61*6.1

17.1*

50l*.2

8,663.6

8,663.6

8,61*6.1

17.1*

period fram January I936 to June 1939, Inclusive, frcm employers vho
come within the purview of the Railroad Unemployment Insuranoe Act.
Represents excess funds of the Railroad Unemploymant Insurance Administration Fund, under act of Oct. 10, 19l*0 (51* Stat. 1099).
Includes transfers to the Railroad Iftionploymant Admlnlatration Fund
as folloira:
$9.7 million In 191*9 and $2.6 million In 1950, representing adjustsnent for over-colleotlons due to retroactive change In
tax rate (1*5 U.S.O. 358 (a)).
Lees than $50,000.

Table 8.- National Service Life Insurance Fund
(in millions of dollars)

Treasury Bulletin

12

.TREASURY CASE INCOME AND OUTGO.

Table

1.

Summary of Cash Transactions
(In millions of dollars)

July

m2

13

.

TREASUEY CASH HJCOKE AHD OOTGO.

Table 3.- Derivation of Cash Budget Expenditures
(

In mlllionB of dollare

Treasury Bulletin

lU

.TSEPSUKt CASH INCOME ARD OUTGO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars)

July 1952

15

GENERAL FUND OF THE TREASURY.
Table 1.- Status of the General Fund
(In

Bullion, coin, and
currency

Bt^ of fiscal
year or month

19Ml

19U8

20,775
25,119
lit, 708
3,730
5,370

I9U9
1950
1951

3,862
5,927
7,871

191*5

1946
19't7

miUlone of doLlars)

1950-Deoemier.

1»,72U

1951- July
August. «,•
Septanber.

6,032

October...
Noramber..
Deceonbar..

666
558

151*

150
160
1,023
1,073

2l*3

232
191

219
191
176

1,022
1,052
1,01*6

962
1,773

507
289
305
310
283

1*38

1,771
3,268
5,680

309
323
380

950
338

1,01*7
1,01*3

175

91*7

5,3U

1,035
1,022
1,033

181*

1*93

1,025
1,003
981

219
205
212

5,11*7
I*,8l6

7,1*1*5

250

607

1*,306

11*5

3,691*

111
226

3,21*1*
l*,5l*7

321

151
109
1U6

3,021
2,901
2,693

162
558
169

316
193
333

2,01*8

1*59

1*81

U50
569

6,108
6,0lt6

3,216
5,228

195
125

3,779
3,690

Balance In
the Oeneral
Fund

1*21

20,169
21*, 698

1*70

ll*,238

1*22

3,308

1*38

1*,932

392

3,1*70

1*10

5,517
7,357

511*

l*,232

2,31*1*

1,060

7,356

5,700

11*3

Liabilities

collections

18,007
22,622
12,993

5,1*31

Maroh

Other
depos Its

1,W*2
1,500
1,006
1,202
1,928

179
176

1952 -January...
February..

April
May

Deposits In
special
depoealtarles
1/

369
392

1*12

1*17

1*39

5,620
5,095
6,916

1*28

1*37

U,87l*

1*37

523

l*,62l*

1*1*9

521

l*,295

537
525
523

1*27

3,879
5,075

336

625
605

6,81*0

It8l

5,393

1*66

5,1*21

Source: Dally Treasury Stateniant.
1/ On account of vltbheld taxes and sales of GorerDment securities.

Table 2.- General Fund Balance by Months
(End of month. In mllllQas of dollars)

Jan.
31*0

1932.
X933.

327
1,537
2,319

193"*.

1935.
1936.

2,001*

1,726
2,950
2,933
2,282
2,025

1937.
1938.
1939.
191*0.
191*1.

2,950
7,72U
12,239
19,606

191*2.
191*3.
191*1*.

191*5.
191*6.

25,1*27

2,1*1*6

2,866
1,826
3,11*0

3,31*3

3,389

2,350
1,701

2,511*

2,715
3,1*93
1*,179

16,606
15,277
2l*,367

3,879

5,075

6,81*0

191*9.

1*,659
5,01*9

Dally Treasury Statement.

1*93

1*,818

l*,l*5l*

191*8,

1*,61*8

Source:

6U7

1,539
2,975

3,562
5,392
19,155
17,313
25,961
7,131*
1*,318

June

Mar.

6,909
5,353
5,767
6,121
8,569

1*,711

1952.

376
221
I*, 902
2,081
1,767

5,291
5,186
5,38s

191*7.

1950.
1951.

Feb.

292

July

Aug.

Sept.

Dec.

..

Treasury Bulletin

16

DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In mllllonfl of dollars)

Total outatandlag
End of
fiscal
year or
month

19W

Guaranteed
aecurl-

,

19115

,

igk6

,

191*7

,

191*8

,

191*9

1950
1951
1952 (Est.)...
1953 (Est.)...,

Debt peak

Intereet -bearing debt

ties

tles

1/

1/

202,626
259,115
269,898
258,376
252,366

258,286
252,29a

201,059
256,766
266,578
255,197
250,132

256,357
268,111
255,113
250,063

252,798
257,377
255,251

252,770
257,357
255,222

250,785
255,226
252,879

250,762
255,209
252,852

260,289
271*, 982

260,222
271*, 922

201,003
258,682

1,623

269,ll22

1*76

1*33

Matured debt

find

Guaranteed
eecurl-

199,51*3

1,516
409
467
83

69
24
17

debt bearing no Intereet

Public debt
InterMonetary
national Fund
2/
Bank 2/

1,567
2,350
1,321
3,179
2,234

l,46o
2,326
1,311
3,173
2,229

201
269
376
231
280

2,012
2,150
2,372

2,009
2,148
2,370

245
265
512

Other
2/
1,259
2,057
935

4l6
66

1,724
1,161
1,063
1,270
1,283

660
613
575

:

Feb. 19U6...,

279,761*

279,211*

278,1*51

1950-Deo amber.

256,731

256,708

254,301*

254,283

2,427

2,425

562

1,270

I95I-JUI7
August...,
Septanber.

255,685
256,677
257,386

255,657

253,351

256,61*1*

25l*,351

257,353

251*, 990

253,325
254,321
254,958

2,334
2,325
2,397

2,332
2,323
2,395

477
462
536

1,283
1,293
1,293

572
569
566

October...
NoTember.

238

1,313

258,336

258,298

255,975

259,61*7
259,1*61

259,601*
259,1*19

257,291*

257,111

255,940
257,253
257,070

2,360
2,353
2,350

2,359
2,351
2,348

492

1,293
1,301
1,296

564
562
560

1952 -January. .
February,.

259,813
260,399
258,121*

259,775
260,362
258, 08U

257,518
258,171
255,833

257,482
258,136
255,794

2,295
2,228
2,291

2,294
2,226
2,290

444
4l6
481

1,291

March

1,253
1,253

559
557
556

April

258,337
259,951

258,292
259,905

256, IW*
257,782

256,102
257,739

2,192
2,168

2,191
2,167

385
362

1,253
1,253

Decesiber.

Hay

Source: Actual figures from Dally Treasury Statement; eetljnateB baaed on
1953 Budget document. Including effect of proposed legislation.

Footnotes at end of Table 2.

Table 2.- Net Change in Federal Securities

17

Juhi 1952

.DEBT OUrSTARDHG.

Table 3.- Interest-Bearing Public Debt
(In

mlUloos of dollars)

1«

Treasury Bulletin
.KEKT OOTSTAHDHG.

Table 5.- Special Issues to United States Government Investment Accounts
(In milllona of dollars)

aid of fiscal
year or month

19

July 1952
.DEBT OOTSTANDHC.

Table 7.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies -2J
(In millions of dollara)

Treasury Bulletin
-DEBT OOTSTANDnC.

Table 8.

Public Debt and Guaranteed Securities Outstanding by Months
(End of month, In mllliona of doLLars)

Putllc dett
1932

i%2

July

STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended,

(

aggregate S275 billion outstanding at any
Obligations issued on a discount basis, and
redemption prior to maturity at the option of
are included in the statutory debt limitation

Jl U,3.C.

757 b), provides that the face amount of obligations Issued
and the face amount of
under authority of that act,

obligations guaranteed as to principal and Interest by
the United States (except guaranteed obligations held by
the Secretary of the Treasury), shall not exceed In the

one

time.

subject to
the owner,
at current

redemption values.

Table 1.- Statu* under Limitation

,

Nay 31, 1052

(In Bllllaoa of lollars]
MftTlimim

amount of aeourltloe vhloh nay ba outatandlng at
26, 191*6 {31 U.S.C. 757 b)

aojr

od« tlma,

mdar llBltatlon

lapoaad t^

tlia

aot

Jme

of

275,000

Amount of aecurltlee outatandlng aubjaot to auoh atatutory debt llAltaticD

:

U. S. Oorenraant securltlas laaued under the Second Liberty Send Aot, as imandad

Guaranteed aeourltiea

(

259,260

excluding thoee held by the Treaaury)

1*^

Total amount of aeourltiea outetandlng eubjeot to statutory dabt Ujoltatlon

259,305

••

Balance Iseuable lodar UaitatioB

Souroe:

15,695

Bureau of the Fubllo Debt.

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities

Outstanding May 31, 1068
(In Dllllcna of doUaia)

Subject to
statutory debt
limitation

Class of security

Not subject to
statutory debt

Total
outstanding

llj&itatloa

Public debt;
Intearest-besrlng securities i

Max^etable
Treasury bills
Certificates of indebtedness
Treasury notes
^easury bonds - banJc eligible... .....
I^easury bonds - bank reetrloted l/, .,
Postal aarings "t^ Panfima Canal bcods

Nonnarketable i
n. S. saTlngs bonds (ouXToat redenptlcBi value).
q^easuxy savings notes
^
Depositary bends
Treasury bonds, inreelaiiesit eecrles

Total nGomai^etable.

Special issues to Gorensaent agencies end trust funds.
Total interest-bearing securities
era

18,267
28,1*23

18,956

18,956

1*2,919

1*2,919

•33,918

33,918

1112,1183

11*2,625

57,611*
7,'»70

57,611*
7,1*70

11*2

Total marketable.

Matured securities

18,267
28,lf23

•.

vhloh interest has ceased. .... ......

367

367

12,1*63

12,1*63

77,915

77,915

37,198

37,198

257,596

358

Debt bearing no Interestt
I&ilted States savings atampe
•
Excess porof its tax refund bonds
Special notes of the United States:
International htoietary Fund Series
•••
Halted States notes (less gold reee(rve)...
Deposits for retironait of national bank sod Federal Beserve Bank notes,
other debt bearing no interest

Guaranteed

seoiaritleei

191

1,305

Total debt bearing no interest.

259,260

Total public debt.

2/

Total guaranteed securities

•

Total ptiblio debt and guaranteed eeoixritles.

362

22

Treasury Bulletin

DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding May 31, 1052

^

(In Blllloiu of dollara)

Jtihi

m2

23

DEBT OPERATIONS.
Table I.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by tlie United States Government
and Outstanding May 31, 1062 ^- (Contlnuedl
(In

mmirmw

of dollars)

Treasury Bulletin

2k

DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(DoUjElt omouata In idIUIoob]

25

DEBT OPERATIONS
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dat«

Treasury Bulletin

26

DEBT OPERATIONS.
Table 4.- Dlepositlon of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government

Juhj I9i2

27

.UNITED STATES SAVHIGS BOHDB.
United States eavlnge bonde were first offered in
March 1935 and began to mature In March 19'^5. 3erl08 A-D
were sold between March I935 and the end of April 19^-1,
and Series

E,

F,

and

were first offered In May \^Kl.

When Series E began to mature on May

1,

and K, also at

bond,

Series

hl^er Interest
H,

rates.
A new current-Income
similar In Interest return to Series E,

was offered beginning

JuneL For details

see "Treasury Bulletin" for May 1952,

of these changes

page A-1.

1951. owners of the

In the tables which follow,

Series A-F and J sales

matured bonds were offered three options: To redeem the
bonds in cash In aocordsmoe with the original terms; to

are shown at Issue price and total redemptions and amounts

retain them with an extended maturity of 10 years at

outstanding at current redemption values.

specified rates of Interest accrual; or to exchange them

Matured bonds which
have been redeemed are Included In redemptions.
Data by
denominations and sales by States are published on a
monthly basis but not In each Issue of the "Treasury

for Series

May

1,

0-

bonds.

A number of changes became effective

1952. The principal ones were:

accrual on Series E was Increased,

The rate of Interest

especially for the near

term, with corresponding changes In extended Series E;

Series F and G were replaced by two new Issues,

and

are shown at face value throughout.

Bulletin".

Series J

Table 1.- Sales and Redenptlons by Series, Cumulative through May 31, 1062
(Dollar aaounta In Bllllaiu)

Series

and K

:

)

,,,,,.
,
.

Treasury Bulletin

26

.UHTTED

SryffiES

SAYINGS BOKDS.

Table 3.- Sales and Redemptions by Periods, Series B through K
{Dollar amounts in mllllonfl)

Bsdemptiona 3/

Sales plus
acorued
discount

Ajaount out-

standing (interestbearing debt

Sales
price

Fiscal years!
19lil

and 19l(2.

3,729
8,271
11,820
11,553
6,739

19113

igkh
19lt5
191*6
191*7
191*8
191*9

1*,287
l*,026
l*,278

1950
1951

3,993
3,272

118
265

3,731

60

60

8,301*

689
2,100

688
2,095
3,825
5,843
4,288
3,689
3,368
3,326
3,987

11,938
11,818

1*31*

7,173

536
633

It,

321*

659
5,032

It,

l*,887
I*,

307

3,81*6

5,912
4,391
3,825
3,530
3,521
4,295 2/

69
103

136
162
195
307

3,671
11,287
21,125
29,097
30,358
30,791
31,625
33,127
34,494
34,506

Calendar years i
191*1

and 191*2.

7,131*

7,11*1*

191*3

10,31*1*

191*4

12,380
9,822

182
353

12,562
10,175

l*,l*66

1*93

l*,959

It,

085
221*

579
696

U,661*

It,

191*5
191*6
191*7

,

191*8
191*9

lO.ltllt

208
3,668
3,190
It,

1950
1951

,

Months:
1951-July
August. . .
September

.

1952 -January

31*4

311
31*9

268

351*

251*

376

.

361t

288
28U

April

267
250

•toy

366

27li

February .
Narob

.

i*,a70

258
267
230

October. ,
November
December.

920
5,025
U,639
It,

109
78
81*

U73

366
368
3Wt
31*1

220
1,380
3,005
4,963
5,423
3,930
3,728
3,448
3,912
4,036 2/

220
1,378
2,993
4,925
5,330
3,813
3,575
3,274
3,667

348

338
324
299

307
291
273

34,534
34,553
34,566

322
281
314

289
253
283

34,593
34,666
34,727

406
334
345

363
290
304 p
313 P
303 P

354
341

Series F, 0, J, ai^ X ocublned

Fiscal years 1
1941 and 1942.,
1943
1941*

1945
1946
1947
1948
1949
1950
1951

,

,

,

,

Calendar years:
191*1 and 1942 .
1943
1944
1945
1946
1947

1948
1949
1950
1951
Months
1951-July
August. . .
September,
Ootober..
Norenber.
December
.

1952 -January...
February,,

Maroh
April

MV

2,928
3,517
3,678
3,337
2,873
2,920
2,209
2,863
1,680
1,871

4,561
3,385
3,664
3,115
2,962
2,609
3,071
1,626
2,406
770

2,928

U6
154
174
21*5

6,923
15,957
25,515
30,727
30,263
30,997
32,188
33,766
34,493
34,727

41 P
41 p

38 p

34,794
34,826
34,84?

34,839
34,839

Monthly redemptions
as percent of amount
outstanding

Ml m?

29

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redeaptlons by Periods, Series B through K - (Continued)
(

JB.

HlLUona of doUera

)

Aaount out-

Soles plus

accmed
8«rle» F

1,996

231

51^5
31l»

3l»7

1*37

860

861

71.5

750
786
621
365
396
566

3W
233
^17
12l»

y
1,2M

lt73

325

liit«re«t-

8U
698
kko

l>98

(

tearlng debt)

502
760

679
koi
360
301

773
595

etandlJig

Sal«a
prloe

dlaoount

1(99

2,601>

362

3U
503

217

llt9

ll>7

203
206
216
199
2k&

197
198

2,895
3,099
3,255

20lt

3,581.

185
227

3,699
3,889

35
77
106
189
203
222
202
223
259

35
77
lOU
185
196
211
139
306
237

1,569
2,278
2,793
2,969
3,162
3,505
3,615
3,895
3,853

3,872
3,861
3,853

3,851
3,852
3,853

16

3,866
3,867
3,867

15
13
1"*

P

16 p

a«rlM J a/

reotootci at (ad of Tabic k.

(OontlBtwd on follevlDg

;

2 P

IP

3,865
3,858

Treasury Bulletin

30
.UNITED STATES SAVUIGS BONDS.

Table 3.

Sales and Redemptione by Periods, Series B through K - (Continued)
(In KlLLloiiB of dollars)

Juhj

m2

31
.tJNITED STATES SAVnVGrS BONDS.

Table 4«- Redemptions of Matured and Unmatured Savings Bonds
(In mllllona of dollars)

Matured "bonds jj
Period 6/

Sales
pploa

Fiscal yearai
6,137

1951

Calendar years:
1950
1951

,

5,81.0

5,651

Months I
1951 -July
August .

, .

Septeniber,

Oo toiler.

.

Norember
December.,
.

1952 -January . .
FebruBi?.,
Haroh..,.,

i^orU....

May

Unsatured bonds 6/

Treasury Bulletin

32

TREASURY SAVINGS NOTES,
Treasury tax and savlnga notes have been Iseued In
Tax Series A from August 1, 19'*1, through
June 22, 19^3; Tax Series B from August 1, ig"^!, through
September 12, 19'^2; Savings Series C (originally deelgnated
five series:

Tax Series C) from September

llJ-,

19U2, through August 3I

,

I9W;

Savli^e Series D from September 1,19 1«, through May lU, 1951;

and Savings Series A beginning on May I5,

oonoemlng terms and conditions for purchase
and redemption and Investment yields of Savings Series A
In the June I95I Issue of the 'Treasury Bulletin",

page A-1.

Invest-

redemptions by fiscal years and months, see 'Treasury
Bulletin" for February I9U6, pages 42 and k'}.

1951-

Details

appear

Issus. For details concerning terms snd conditions.

ment yields, and tax payment or redemption values of
Series A and B, see 'Annual Report of the Secretary of the
Treasury" for 19'+2, pages 207 suid 220, and for sales and

Similar Information with respect to Savings Series D

In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment are
Included In the figures on redemptions. Matured notes
)

outstanding are reflected In the Interest-bearing debt

will be found In the October 191*8 and September 19^9 Issues,

until all notes of the series have matured, when they are

and with respect to Savings Series C In the October 19'*5

transferred to matured debt upon which Interest has ceased.

Table 1.- Sales and Redemptions by Series* Cumulative through May 31* 1052
(In iDllllans of dollars)

July

m2

33

OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in mllllonfl of dollare)

2

3

. .
.

9
3

3

7
6
8

8

6

Treasury Bulletin

3"^

OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ - In bllllona of dollare)

Held by private nonbonk Investors

Held by banke

Total
Federal
eecurltlea
outatand-

U. S.

Federal GoTomment
in7est3uent
Raaer
accounts |+/
Banks

Individuals 5/

Insurance
companies

1939-Decaiiber.

50.9

19Ul-June
Deo amber.

55.3
61*.

18.6
19.5

16.1
17.3

7.1
7.6

21.8
23.7

10.6
12.2

17.8
23.7

28.7

26.0

lt7.3

1*1.1

lUo.e
170.1

59.lt

11*.

71.5

16.9

19U4-June
December.

202.6
232.1

19^5 -June
Deconber.

259.1
278.7

106.0
115.0

279.8
269.9
259.5
258.1*

..

257.0
19lt8-March

252.lt

19't9-Maroh

June
September.
Decanber..
1950 -March
June ......
September.
December..
1951-Januarj' .

February.
March.. ..

July

255.7
256.7

October...
Kovanber.

1952 -January...
February,
March ...
.

2/

^
jt/

5/

257.lt

18.3
21.0

20.6
19.8
19.9

116.7
108.2
97.9

93.8

22.9
23.8
23.3

28.0
29.1
30.9

135.1
132.6
130.7

63.9
63.2

1*3.3

6l*.l

1*1*

91.9
91.3

70.0
68.7

32.8
3't.lt

133.7
131.3

66.2
65.5

35.0
35.8
36.8
37.3

132.1
130.7
130.1
129.7

65.3

1*6.9

65.lt

1*7.1
1*7.6
1*7.8

131.8
132.2
132.8
132.1

65.9
66.3
66.J

1*8.5
1*8.8

17.1*

1*9.1

l7.lt

65.7-

1*9.3

16.1*

65.9

1*9.7
1*9.9

16.2
16.6
16.2

85.9
85.8

65.1

20.9

.6
62.1*

21.1*

61.

23.1*

58.9

63.9

65.5

65.1

62.5

23.3

60.5
63.0
66.5
66.8

21.7
19.3
18.0
18.9

37.7
38.3

61t.9

65.6
62.2
61.8

17.6
18.3
19.6
20.8

37.6
37.8
38.9
39.2

135.6
135.6
136.6

65.9

131* .9

61.

59.9
58.9
57.8

21.5
21.9
22.9

39.6
39.7
39.8

135.2
135.5
13l*.5

81.2
80.3

58.lt

133.7

ltO.3

13l*.5

58.1*

22.7
22.5
23.0

39.9

8l.li

Itl.O

132.9

81.8

58.7
58.8

23.1
23.1
23.7

Itl.O

23.6
23.2
23.8

1*2.0

61.6

22.7
22.5
22.5

82.5
83.9

255.1
255.3

1*0.7
1*2.9

16.7

128.2
136.6

255.7

25lt.7

11*.

27.0

85.7

257.2
256.7

256.1
256.0
255.0

31.2
36.2

21*.

82.2
82 .It

257.lt

52.9

21*.

251.7
252.8
256.7
257.2

April.
Ma;...
June..

August....
September.

1/

252.7
252.9

1*6.0

21.8

253.1

Septonbor.
December..

8.7
10.3

90.8

7lt.5

80.7

81.9
83.2

57.8

59.5

258.3
259.6
259.5

a.

60.7

81t.6

61.1.

259.8

81t.9

26o.lt

83.8

258.1

8e.7

6B.1
61.3
60.2

82.9

60.5

39.1*
39.1*

1*3.5

.2

21. .1*
21.

.9

21.

.9

6.7
6.5
6.3

23.9
18.3
18.3

17-9
17.3

17.5

23.1.

U.1

11..7

22.8
22.0

12.0
11.7
11.5

13.6
lit.

7.8
7.8
7.8
7.9

21.1
20.5
20.2
20.1

11.6
11.6
11.6

15.7
15.7
16.6
17.0

8.0
8.1

U.6

21.2

15.1.

61*

.6

1*9.5

15.2

18,6

61*

.5

1*9.1*

15.1

18.1*

63.9

1*9.3

11*.

17.9

63.9
6U.2

1.9.2

lit.

1*9.1

15.0

61*

.0

1*9.1

ll*.9

17.I-

132.8
133.2
132.2

63.8
63.7

1*9.1
lt9.0

11*

.8
11* .7

17 .0

63 J*

1*9.0

11* .1*

132.1
132.8
131.8

63.5
63.7
63.6

1*9.0

11*

1*9.1
1*9.1

11*

1*2.3

11*

1*2.7

132.3

1*2.9

13.8

1*3.0

132.1*

63.7
63.9
63.9

1*9.1
1*9.1
1*9.1

11.1.

11.6
11.2
10.9

llt.S

18.8
19.0
20.3

20.8

8.7
9.0
8.8

10.8
10.7
10.5

21.2
21.7
22.3

8.9
9.0
9.1

17.5

10.1.

17.1.

10.3
10.2

22.0
22.3
21.1

9.2
9.3
9.1*

21.3
22.1

9.1*

i6.b
i6.a

10.2
10.1
10.1

SI .2

9.1*

.S
.6

16.6
16.6

IQ.O
9.9

21.9
22.0

.5

16.1(

9.8

21.1l

9.5
9.5
9.5

16 .It
16 J
16.2

9.8
9.8
9.3

22
23.2
22.2

9.5

a

9.8

1*3.2

United States savings bonds, Series A-F, are Included at current
redonptlon values.
Securities Issued or guaranteed by the U. S, (Jovemmant, aioluding
guaranteed securities hoLi by the Treasury.
Consists of commercial banks, trust companies, and stock savings banks
in the United States and in Territories and Island possessions.
Figures exclude securities held In trust departments.
Holdings by Federal land banks are Included under "Miscellaneous
Investors" Instead of "U. S. Government Investment accounts" beginning
June 30, 1947, since the proprietary Interest of the United States
In these banks ended June 26, 19lt7.
Includes partaiershlps and personal trust accounta. Nonprofit Institutions and corporate pension trust funds are Included under "Mlsoellaneo
Investors"

19.9
17.7
15.3

21..

.9

1*2.2

1*.3

9.6
10.7

20.2
19.8
19.9
18.7

66.1*

3.2

17.3
19.6

1*9.7
1.9.6

1*1.5
lt2.0

.1*

67.0
81.7

19.1
21.7

eit.i*

State and
local
governments 2/

6.5
6.9
11.2
13.6

77.0
112.5

19l»6-February (Peak)

22.8
23.9

8.5
9.5

December.

19'»2-Jun8

Deoeaaber.

Corporations 6/

6.3
1(8.5

June
December.

Mutual
savings
banks

6/
2/
8/

p

Exclusive of banks and Insurance companies.
Consists of trust, sinking, and Inveetmant funds of State and local
governments and 1;helr agencies, and Territories and Island possessions.
Includes savings and loan aseoclatlons, nonprofit institutions,
corporate pension lirust funds, dealers and brokers, and inveatmcDte
of foreign balances and international accoimts in this country. Beginning December 191*6, Includes investaoants by the Intematlcnal
Bank for Reconstruction and Developnent and the International Monetary
Fund in epeolal nonlnterest-bearlng notes issued by the U. S. Ocvemment.
Preliminary.

Ml

35

I9i2
.TKEASUHY SUFVEY OF OWNERSHIP, APRIL 30, X952.

The Treasury Survey of Ownership covers securities
Issued by the United States Sovernment and by Federal
The banks and Insurance companies Included
agencies.
In the Survey account for approximately 95 percent of
such securities held by all banks and Insurance companies
In

Data were first published for
In the May \3^\ "Treasury Bulletin".

the United States.

March

31,

1941,

Section

I

-

Information on the distribution of ovmershlp by types
of banks and Insurance companies Is published each month.

Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member
bank classes and nonmember banks Is published for June 30
and December 31.

Securities Issued or Guaranteed by the United States Government

Table 1.- Summary of All Securities
(Par values

-

In mllllonfl of dollare)

i

Treasury Bulletin

36

.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1952.

Section 1 - Securities Issued or Guaranteed by the United States Government
Table 3. - Interest-Bearing Public Marketable Securities by Issues
(Par values

-

In mllllonB of dollars)

Held by luTestors corared In Treasury Surrey

(Ttti

status 8/ Is shown In parentheses)

Total
amount
outatand-

Insurance ccnpanles

526

7,13^*

coumerclal
hanlca 1/ 2/

mutuAl
sayings
banks l/

6o6 fire,

casualVf
^TiA

U. S. Gorernnent
Investzient

accounts and
Federal Beserre

marine

Treasury billet

Begular Series
Tax Anticipation Series

(taxaible)

16,213

5,1*76

721*

(taxable)

1,21(9

370

16

17,1*62

5,81*6

5,216

2,075

113

583

1*05

1,832
10,861
1,063

27
37

81*9

Total Treasury bills
Certificates of Indebtedness!
l-7/8jt
1-7/856
l-T/ait
1-7/816
1-7/8^6
1-7/856

July
August
Septanber
October
December
February

1952-B
1952-C
1952-D
1952-B
1952-F
1953-A

(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
( taxable)

Total oertlf loatee of Indebtedness

720

56
7,396

625
2,189

70
32
159

28,1*23

6,863

1*38

IW*

21*5

93
93

3,231*

3,819

Treasury notes:
1-3/816 March
1-1/216 March

I-3A* December
1-1/2* April
1-1/216 October
1-1/216 April

(taxable)
(taxable)
(taxable)

l*,675

3,1*80

1955-A
1955-B

5,365

I*,

1956-KA

(

taxable)
(taxable)
(taxable)

1,007

1,000

550

500
500

195't-A

1956-II)

1957-IA

Total Treasury notes

6,851*

292
2,596

501
18,952

10,1*11*

(taxable)
(taxable)
(taxable)

7,986
510
5,825

U,700

(taxable)
(taxable)
(pea^laUor)

1,501
8,662
725

1,059
6,125

681
2,611

585
1,862

1,1*1*9

1,161*

982
3,822
927

2,985

91

Treasury bonds
Bank eligible:
Septenber 1951-53
216
Deoamber 1951-55
216
1952-5'»
S]!
June

2-1 A* June
Deoamber
216
June
Si

1952-55

2-lAl6 June
2-7/8)6 March
2-1/216 Maroh

WSlt-S*
1955-60
1956-58

(partlallj)

2-3Al6 Septenbar 1956-59
2-lAi6 SeptsBber 1956-59
2-3/8)6 March
1957-59

(partially)
(taxable)
(taxable)

2 -3 A* June

1952-5>«

1953-55

(pMrtlaUy)
(tuablt)

223
15
IU7

31*6

3,953

761
8
1*62

105
298

661*

78
25

890

5
63

3W

1*38

1958-63

(partially)

2-3A* December 1960-65

(partiaUy)

1,1*85

2-1/216 Septanber 1967-72

(taxable)

2,716

825
1,309
2,233

1*0,800

29,138

5,282

131
183
57

1,1*06

535

1*J*6

566
312
163

581
752
262

33
33

766
1,317
865

567
771
1,077

267
167
197

366

81*3

1,31*2

183

999
76

125

1,316
831
131

Total bank eligible

919

Bask restricted! jj
2-1 A* June
1959-62
2-lAi6 Deoeober 1959-62
2-1/2$ June
1962-67

(taxable)
(taxable)
(taxable)

2,118

2-1/2* Deotaber

1963-68
I96U-69
196U-69

(taxable)
(taxable)
(taxable)

2,830
3,760
3,836

2-1/216 March
2-1/216 March
2-1/2)6 June

1965-70
1966-71
1967-72

(taxable)
(taxable)
(taxable)

5,195
3,1*80

1*1*7

1,999

267

2-1/2* December

1967-72

(taxable)

1*,072

2-1/216 Dwieaiber
2-1/216 June

Total bank reetrlcted
Total Treasury bonds
Foo^iotes at end of Section

3,1*69

36,01*0

76,81*1

n.

1*31*

382
327

53

1*13

536

258
830

6,078

29,968

6,319

(Continued on follovlng page)

5,M*8
3,11*1

July 1952

37

.TREASURY SURVEY OF OWNERSHIP, APRIL 30, 1952.

Section

I

-

Securities Issued or Guaranteed by the United States Government

Table 3.- Interest -Bearing Public Marketable Securities by Issues
(Par Talu«a

-

In

aminna

of dollAra]

-

(Continued!

Treasury Bulletin

3«

.TREASUPY SURVEY OF OWNERSHIP, APRIL 30, 1952.

Section II

-

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values

-

In mllllooB of dollars)

July

m2

39

.MARKET QUOTATIONS, MAY 29, 1952.
Current market quotations shown here are over-thecounter closing quotations In the New York market for

the last trading day of the month,

as reported to the

Treasury by the Federal Reserve Bank of New York.

The

securities listed In Section I Include all public
marketable securities Issued or guaranteed by the
United States Government except those not regularly
The Issues excluded are postal
savings bonds and Federal Housing Administration

quoted In the market.

Section

I

debentures.

The latter are the only public marketable
Interest-bearing guaranteed securities outstanding.
Section II lists the public marketable securities

Issued by Federal agencies but not guaranteed by the
United States Government. Dally quotations for the
securities listed In Sections I and II are published
monthly In the Treasury Department statement, "Prices
and Yields of Public Marketable Securities Issued by
the United States Government and by Federal Agencies".

Securities Issued or Guaranteed by the United States Government

Table 1.- Treasury Bills (Taxable)
Aaount

Treasury Bulletin

1^0

.

Section

I

-

MAHCET QUOTATIONS, MAY 29, 1952-

Securities Issued or Guaranteed by the United States Government

Table 3.- Other Taxable Issues
(Frloa declnala are

32iiita)

(Continued)

July 1952

ki

.MARKET QUOTATIONS, MAY 29, 1952.

Section II

-

Securities Issued by Federal Agencies but not Guaranteed by the United States Government
Table 2.- Other Issues (Taxable)
(Frioe deolnalB are 32nd«}

Treasury Bulletin
k2

.MAHKET QUOTATIONS, MAY 29, 1952-

YIELDS OF TREASURY SECURITIES, MAY 29,1952
Based on Mean
•56

'58

58
Explanation

of Closing Bid

'60

'60

'SZ

'62

and Ask Quotations
'64

'64

66

'66

'66

70

'68

The points represent yields to call nhen prices are oBove par, and to maturity date when prices are at par or below.
The smooth curves for the various classes of paints ore fitted by eye. Issues for which an exchange offer has been
made or which ore due or callable in less than 3 months ore excluded.

Olfice of the Secretory of the Treosury, Office of the Technicol Sfoff

July 1951

^3

YIELDS or TREASURY AND CORPORATE BONDS.
Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per

Treasur7 ^onde
Partially
tax-exempt

1/

Treasury bonds

Highgrade
corporate
bonds

Partially
tax-exempt
i/
Annual aeries

193lt

3.12
2.79
2.69

1935
1936
1937
1938
1939

-

Taxable
1/

Treasury bonds

Highgrade
corporate
bondB

Partially
tax-exempt

Taxable
1/

1/

calendar year avera^aa of monthly series
2.26
2.05
a. 09
1.98
1.9a
1.66 1/

3.93
19'>1.
19't2.

2M

2.77
2.67
2.75
2.64
2.60
2.54

19^6.
1947.
1948.
1949.
1950.
1951.

a. 19

2.25
2.44
2.31
2.32
2.57

2.61

3.19
3.27
3.12

2. Ill

a. 92

19^5.

a.ai
a. 21
2.19

2.48
2.48
2.49

1949 -Jan..
Feh..
Mar..

2.4a
2.39
2.38

2.73
2.73

2.71

1951 -Jan.
Feh..
Mar..

2.39
2.40
2.47

June,

2.19
2.19
a. 2a

2.49 2/
2.49
2.50

Apr..
May..
June.

2.38
2.38
2.38

2.70
2.71
2.72

Apr..
May..
June.

2.56
2.63
2.65

July,
Aug.,
Sept,

2.25
2.24
2.24

2.51
2.51
2.57

July.
Aug..
Sept.

2.27
2.24
2.22

2.66
2.60
2.59

July.
Aug..
Sept.

2.63
a. 57
a.56

Oct.,
Not.,
Deo.,

2.27
2.36
2.39

2.68
2.75
2.86

Oot..
Nov..
Deo..

2.22
2.20
2.19

2.59
2.56
2.55 1/

Oct..
Not..
Deo..

2.61
2.66
2.70

Mar.,

2.45
2.45
2.44

2.85
2.84
2.81

1950-Jan.
Feh..
Mar..

2.20
2.24
a. 27

2.54
2.54
2.55

1952 -Jan.
Feh..
Mar..

2.74
2.71
2.70

Apr.,
May.,
June,

a.44
2.42
2.41

2.7T
2.74
2.73

Air..
May..
June.

2.30
2.31
2.33

2.57
2.57
2.59

Apr.
May..,

July,
Aug.,
Sept,

2.44
2.45
a.'t5

2.85

July.
Aug..
Sept.

2.34
2.33
2.36

2.61
2.58
2.62

Oct.,
Hot.,

2.'»5

2.85
2.86
2.81

Oct..
Nov..
Dec..

2.38
2.38

2.654/

2.7't

19't3.

Monthly series
19ltT-Jan.,

Feb..
Mar..
Apr.,
Hajr..

19l(.8-Jan.
7sl>.,

2.44
2.44

-

2.1*7

greragee of dally series

2.39

2.66
2.66

2.64 2/
2.57

-

Treasury Bulletin

kk
.YIELDS OF TREASURY AND CORPORATE BONDS

(/)

Q
Z
o
LJ
a:

o
CL
cr

o
o
>a:
5)

liJ

I-

UJ
II

z
o
_l
(/)

Q
_I
LJ

>
UJ

<
tr
LJ

^
»

^

July 1952

^5

INTERNAL REVENUE COLLECTIONS.
Table

1.

Sinnnary by Principal Sources

-1/

(In thouaaodB of dollare]

Total receipts trca

Intemwl
revenue
(Dally
Treaaury
Statement)

19''2

12,993,118

191*3

22,11*3,969

19"**

1*1,681*,987

191*5
191*6

1*3,902,002
1*0,310,333

191*7
191*8

39,379,^09

191*9

1950
1951

1951 -July
Augujt...

Sept^ber
October..
NoTMBbar.
Deo caber.
1952 -January..
February.
Maroli....

IndlTldual inooBa tax end ^iployaant taxes
AdJuBtoant of
collectlona
to Dally
Treaaury

Stataent

Corporation

oollectlQDB

proflta
taxes 2/

13,029,915

U, 71*1*, 083

9,668,956

-361,589

1*1, 853, ''85

+271,136
-11,051

39,108,273
1*1,861*, 536

10,307,285

-155,831*

1*0,1*63,119

39,l*lt8,607

+1*91,1*82

38,957,126

11,553,669
10, 851*, 351

51,106,095

+660,1*09

50,1*1*5,686

11*, 387,

2,608,091
3,937,382
6,398,200

-236,788
-956,050
+1,256,757

2,81*1*, 879

596,232

•, 893, 1*31
5,ll*l,l*'*3

289,961*
2,91*2,105

2,538,573

-303,329
-872,660
+1,315,233

2,81*1,902
1*, 612, 609
1*, 106, 130

2,61*8,691

+1,565,1*77
+101,661*

lU, 766, 796

1*,

1*48,162

8,128,637
19,999,378

3,262,800
5,943,917
10,437,570
8,770,094
8,846,947

Inauraoce
taxes on
aaployers

214,684
98,418
309,629

1,226,529
3,428,084
274,604

1,990
67,189
84,482

3,490
13,428
147

814,231
4,172,031
536,555
1,330,29a

3,877
42,713
106,724

29,782
160,969
13,488

3,544

3,412

1,446,694
3,607,119
668,862

807,1*68

7,^,320
7,264,332
9,907,539

813, 105
6,970,991*
9,533,81*1

310,611
5,912,713

3,177,845
5,840,010
2,789,962

2,329,955
1,464,298
2,133,195

5, 03"*, 852

+7,1*01

5,087,1*51

1,277,897

2,920,520

1,583,272

-1*3,595

1*,

934
721
151
401

2,716
14,580
348

321,130
115,624
1,275,682

5U,878

1,458,
1,612,
1,687,
1,873,
2,810,

U9,617

1,094
35,586
119,632

1,483,367
3,765,894
1,505,982

159,683

9,842,282
11,533,577
10,055,502
9,888,976
13,089,769 2/

170,409
211,151

1,158,427
3,600,104
110,121

9,501,015
9,464,204

569

546
025
931
825

185,876
208,508
226,226
223,135
236,952

21,367,662
23,379,123
20,527,935
19,797,883
26,624,788

10,171*, 1*10

1,131,
1,290,
1,307,
1,237,

379,555
560,113
562,734
548,038
579,778

20,813,1*91

9,676,757

20,1*05,361*

895, 336

686,015
7,823,435
10,264,219
9,857,589

284,758
284,258

16,027,213
12,553,602

-908,271
+1,107,122

769,509
6,062,723

vlttahsLl

156,008
183,337
186,489
178,745

10,61*0,963

1*,

OU-age
IndlTldual
Inoone tax

ployess U/
-36,797
-22U,755

22,368,721*
1*0,119,510
'*3, 800, 338
1*0,671,922

3,739,91*9
5,1*21,363

InllTldual
lAo^u tax
not vithheld i/

7502/

265, ou

Treasury Balleiin
46

INTERNAL REVENUE COLLECTIONS

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

,piiiiiiili
937

Office of the Secretary of the Treosury.Offtce of the Technical Stoff

'39

41

43

45

47

49

^1

July 1952

INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of

Ck)l

lections by Type of Tax 1/

(In thouBanis of dollars)

Flzst 10 laonttaa of
flBoal rear
1951
1951)

1951

Corporation Innmnft and oxcesa proflta taxes 2/,

10,8511,351

(AirU

H,3»r,569

10,23"i,879

9,907,539
15,900,519
579,778
236,952

8,518,677
12,135,303
1*31*, 115
220, 9"A

26,6211,788

21,309,039

15,1*57,2113

1952
(Aprtl 1952)

"'98,753

1,277,897

989,23^

1,583,272
1,330,292

Individual Inocna tax and emplo^niant taxes:

^

InccDe tax not vlthheld
Inccme tax vlthheld and old-age Insuraace hj
Railroad retirement
IMemplOTBient Inaurance
Total IMlvldual Inoaae tax and employiaeint taxes.

19,797,8ft

93l*,971

3,687
6,868

3,91*1*

27,206,255

1,93"*, 760

2,920,520

629,369

*9,5'*3

72,191*

79,95"*

9,920

3,1*12

Mlscellaneoua Internal rerenue:

266

Capital stock tax 2/>

657,'Al

Estate tax

Liquor taxes:
Distilled spirits (lioported, excise)...
Distilled spirits (domsstlc, excise)
Distilled spirits, reotlfloBtlon tax
Wines, cordials, etc. (ljiQ>orted, excise).....
Wines, cordials, etc. (dcnsstlc, excise).,.
Dealers in distilled aplrltej reotiflarsj susntLfacturers
of stills (special taxes)
Stamps for distilled spirits Intended for export
Case stamps for distilled spirits bottled In bond
Container stamps
Floor taxes
Fermented nalt liquors
Brevers; dealers in malt liquors (special taxes)
Total liquor taxes.
Toba«eo taxes:
Clears (large)
Cigars (small)
Cigarettes (large)
Cigarettes (small)..............
Snuff
Tobacco (cfaeving and smoking)...
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxes.

172,362

i"i8,oa2
1,1*18,527

158,561

11,182

11*, 31*1

l,97't,lt72

l,17l*,3l*0

6U,"*98

120,857

38,093
3,738
63,916

33,760
3,220
55,155

26,800

2,172

2,1*87

3,201*

2"t8
1*,320

298
5,927

9,161

6,7"t6

9,860
9

738
11,829

57,921

1,090

11
982

l"t,921

13,1*17

U,l*69
26
1,087
10,239

12

89,57"*

939,271*

588,207
3,881

5

667, "til

3.361

71*

133
3

631

1,03"*

13"*

2,51*9

50,890
90

62,973
77_

2,219,196

2,5li6,8o8

2,222,91*7

13"*, 070

210,"H1

U2,112
58
6

ltlt,220

36,986
"7

3,"*36

3,759
5
2
129,022
391

7,389
35,070

56
7
1,293,966
7,235
33,870

981i

6
1,067,1*15

1,203,091

103,671

6,081
28,118
910

l*,157

633

19,778

2,688
170

1,"*97

1,139,161*

1,282,91*3

110,603

13l*,69"'

1*6,573

1*2,176
18,91*2

5,164
2,125
588

3,270
1,851
582

563
1

17,838
l,328,lt61i

Staaip taxes:
Bonds, Issues of capital stock, deeds of comreyance, etc.
Transfers of capital stock and similar intereet eales....
Playing cards
Silver bullion sales or transfers

Total stamp taxes.
Manufacturers' excise taxes:
Lubricating oils,,,,.
Gasoline §J
Tires and tubes
Automobile trucks and busses.....
Other autoDobileB and motorcycles
Parts and accessories for autcotobiles
Electrical energy jj
Electric, gas, and oil appliances
Electric light bulbs and tubes
Badlo sets, phonographs, components, etc. ^,
Phonograph records
Musical Instruments ....•..,..,,•...,............,,,...
Mechanical refrigerators, air-conditioners, eto* 2/>**
Matches
Business and store machines.....
,.,....
•
Photographic apparatus
Sporting goods
Firearms, shells, and certrldgee . . , . •
,.,,,,,,,,
Piatolfi and rerolvere ,,.,
•
Fountain and ball point peaia, mechanical pencils, and
cigarette, clgai; and pipe lighters IP/,

Footnotes at end of table.

126,3li4

1,295,5^9
30,069
2,600
70,001

1,2U2,81»5

Total tobacco taxes.

Total manufacturecrs' eocelse tazea.

638,523

"18,785

Gift tax

1,380,396

90,156
23,823
123

2U,35k
7,390
56

!k,oa

78,371*

67,581*

7,883

78,903
582,808

6,278

15,061*

"*9,lt01

52,075

131*, 10"*

13,1*21

111,679

9,669

12,521*
1"*,328

1*90,669
130,61*9

1*8,388

97,238

80,838

569,0">8

1*71,339

198,383

121,2^

169,089
97,338

lt52,066

693,363

51*5,099

88,733
85,70U

119,'t75
93,l8lt

98,276
77,619
99,802
2"*, 791
101,106
5,968

77,610
526,732
151,795
123,630

80,lto6

121,996

20,726

30,28"i

"12,085

128,187
7,007
10,756
96,319
10,169

5,769
8,865
61>,3l6

8,875
30,012
39,931
18,969
9,351

"A,lt91

8,9M
75,030
9,078
35,610

6,398
67

10,206
9,871

73,3"*2

U,992

8,"**3

24,299
99,375

"*,oi8

3,'*13

18,225
676

10,897
-129
862

9,873
7,901
1*6,681*

6,910
"*0,"*99

i»ai

762

61*1*

29,970
13,800
8,398
962

1,836,053

2,363,677

1,968,088

1,902,216

">6,020

38,1*70

17,862

14, 506

17,81.6

11*,

538

91*9

-22

7,839
836
3,696

6,5116

1*,192

1,7'»3

1,937
969
1U8

980
113

198,218

206,179

800
l.,6"*8

601*

823

3,108

(Continued on follavlne page)

53,679
18,783

52,728

Treasury Bulletin

H-g

INTERNAL REVENUE COLLECTIONS,
Table 2.- Detail of Collections by Type of Tax^/- (Continued)
(In thousands of dollars)

riscBl year

^

July 1952

MONETARY STATISTICS.
Table 1.- Money In Circulation
(In mllllonfl of dollars oicept as noted)

aid of fiscal
year or month

Total
money In
circulation 1/

Total
paper
money

22,50l|

21,li38

19l>8

28,2U5
28,297
27,903

25, 51*1
26,91*5
26,91*2
26,1.82

191*9

27,'t93

26,031*

1950
1951

27,156
27,809

1950-Docaiiber..

19W

Sold
certificates

2/

Silver
certificates

Treasury
notes
of 1890

Federal

United
States
notes

3IT
320
321

25,661
26,231

2,061
2,177
2,092

319
321
318

27,7111

26,187

2,129

1951-July
August....
Septanber.

27,851
28,155
28,288

26,260
26,553
26,672

2,059
2,057
2,072

311*

October...

28,1(17

2, 068

Noresnber..

26,809
29,206

26,785
27,167
27,552

26,755
26,835
26,836

1,966
1,998
8,030

26,813
27,098

2,089

19't6
19l'7

Decanber.
1952 -January...
February,

March
April

28,386
28,1*65
28,1*73
28,lt6>*

28,762

Roflerre

Bank
notes

National
bank
notes
it/

1,588
1,651
2,025
2, 061
2,061

V)h^

Federal
Reaerre

2,066
2,079

320
319

18,750
22,867
23,973
23,999
23,600

597
527

126
120

U61*

XA

U06
353

106

23,209
22,760

27I1

23,1*56

2U3

23,363

257

23,526
23,817

21*1

309

23,921*

239
237

320
320

21*, 01*3

231*

21*, 1*28

316

21*,

233
232

807

308
313
315

2l*,135
2l*,179

318

alt, 332

21*, 1)17
21*, 116

2,01*1

229
228
226

Treasury Bulletin

50

MONETARY STATISTICS.
Table 2.- Nksnetary Stocks of Gold and Silver
(Dollar amounts In nllllona)

Gold

Old of flaoal
year or month

Ratio of BilTor
to gold end
Oliver In
monetary atocks
(in percent)

Silver
($1.29+ per
fine ounce)

($35 per
fine ounce)

3,91*7.9

15.7

3,685.3

15.1*

3,508.1*

11*.

19'»T
191*8

21,173.1
20,213.0
20,269.9
21,266.5
23,532.5

3,525.7
3,571.0

11..

19't9

21*, 1*66.3

1950
1951

2lt,230.7

12.9
13.2

21,755.9

3,618.3
3,671.5
3,718.5

1950-Dec amber..

22,706.1

3,697.1

1951-July
August.. ..
September

21,759.1
21,853.6
22,013.2

3,72l*.0

3,729.3
3,731.2

11*.

October...
November.
Dec amber.

22,233.2
22,381.6
22,695.5

3,735.2
3,737.5

11*. I*

3,71*1.3

11*

1952 -January...
February .

22,951.1
23,190.9

J.Tlifi.S

lU.O
13.9
13.9

19Wl
W"*?
191*6

Marok

83 ,290.

3,751.1
3,755.1

Aprllu...

23,297.1
23,296.1

3,761*.7

May ;

Source: circulation Statement of U. 3. Moneyj Dally Treaaury Statement for
preliminary figurei. For detail of silver monetary stock, see Table 1*.

p

13.2

11*.

ll*.6

11*.

11*.

3,760.8

.2

13.9
13.9

Preliminary.

Table 3.- Gold Assets and Liabilities of the Treasury
(in millions of dollars)

End of calendar
year or montb

Gold assets

Gold certificates 1/

191*1*

20, 618.

191*5

20,061*.9

17,911*.

191*6

20,529.0
22,753.9

18,1*30.5

21*, 21*3

191*7
191*8

18,1*97.1*

21,5l*l*.0

.9

23,010.0

191*9

21*, 1*27.1

23,217.9

1950
1951

22,706.1
22,695.5

21,1*97.5

1951 ^uly
August. ...
September.

21,759.1
21,853.6
22,013.2

20,51*3.0

October...
November..
December..

22,233.2
22,381.6
22,695.5

21,01*2.6
21,201* .2

1952 -January...
February .

22,951.1
23,190.9
23,290.5

Haroh
April

May p

156.0
156.0
156.0
156.0
156.0

Exchange
Stabilization
Fund 2/
1,800.0
1,800.0
1,800.0

165.1.
191*. 8

11.2. 1.

1,053.9
1,077.9

156.0
156.0
156.0

1,053.2
1,052.6
1,032.9

156.0
156.0
156.0

1,060.0

1,031..
1,021.1*

21,506.5

156.0
156.0
156.0

21,769.8
22,030.5
22,153.5

156.0
156.0
156.0

1,025.3

156.0
156.0

997.1*

21,506.5

20,650.3
20,813.5

23,297.1
23,296.1

Source! Circulation Statement of U. S. Money; Dally Treasury Statement for
preliminary figures.
1/ ComprlBee (1) gold oertlfloatea held by the public and In Federal Beeerve
Banks) and (2) gold certificate credits In (a) the gold certificate fund*

Gold reserve
against U. S.
notes , etc . 2/

2/
i/
p

1,01.7.3
1,01.3.7

1,032.9
l,00l..l*

981.0

Board of Governors, Federal Bsserve System, and (b) the redemptlo
fund - Federal Beserve notes.
Beeerve against IMited States notes and Treasury notes of I890.
Excludes gold In active portion of Exchange Stabilisation Fund,
Preliminary.

July 1952

51

MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In m1

1 1

lonfl

of dollars)

Treasury Bulletin

52

MONETARY STATISTICS.
Table 6.- Seigniorage on Silver
(Cumulative from January 1, 1935

-

In millions of dollare)

July 1952

53

.CAPITAL MOVEMENTS.
Data relating to {^elma on foreigners and llabllltleB to foreigners,

and capital movements between the

United States and foreign countries, have been

collected

the data for January I95O.
Attention le called to the
fact that although the grand total figures on the revised

since 1935, pursuant to Executive Order 6560 of January I5,

reporting basis are reasonably comparable with those for
preceding months, data for Individual countries in some

and Treasury regulations thereunder.
Information
covering the principal types of data and the principal

coverage and geographical classification.

1934,

Instances are not comparable because of certain changes In

countries Is reported each month by banks and bankers and
securities brokers and dealers In the United States. This

The supplementary information, contained in Section IV,

information le published regularly In the 'Treasury

is presented in three tables appearing at different times.

Bulletin".

Table 1 gives data by countries on short-term claims on and
liabilities to foreigners as reported queirterly by e^qporters,

Supplementary information is published at less

frequent intervale.

All reports are made initially to the

Federal Reserve Banks, which forward consolidated figures
to the Treasury.

importers, and industrial and commercial concerns in the
United States. This Information was published for the first
time in the October

The term "foreigners' as used in these reports covers
all institutions and individuals (including United

citizens

)

States

domiciled outside the United States, as well as

international organizations, wherever domiciled,
treaty or convention between sovereign states.

created by

"Short-term'

refers to original maturities of one year or less, and
"long-term" refers to all other maturities.
discussion of the reporting coverage,

A detailed

191*^9 issue of the 'Treasury Bulletin"
and begins with data for September 30, 1946.
Table 2
supplies information by countries on long-term claims on
and liabilities to foreigners as reported by banks and

bankers in the United States.

This table appeared for the

first time in the December 19'*9 issue.

Data are for the

end of the calendar year beginning with 1942. Table 3
gives information on short-term liabllltiee to countries

basis of reporting,

not regularly reported separately by banks and bankers.

and derivation of capital movements figures appeared in

This table appeared for the first time in the April I95O

the April 1950 issue of the "Treasury Bulletin', pages 50-52.

issue. The data have been requested at Irregular Intervals,

Revised report forms and regulations became effective vith

the earliest date being October 19^3.

Section

I

-

Historical Sumnary

Table 1.- Net Capital Movenient between the United States and Foreign Countries
(In tliouaaodfi of dollaxs; negative fl^uree Indloate a net outflov of capital from the T&ilted Statea)
AnalTaie of net capital morenunt In:
Caleosdar yeaz* or ouaath
Shux' tr—terai

TranaaotlonB

5*^

Treasury Bulletin

CAPITAL MOVEMENTS.
Section

I

-

Historical Summary

Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of period in thousands of dollars)

^

July 1952

55

CAPITAL MOVEMENTS.
Section I - Historical Summary
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thouaemds of dollars) negatlTe figures Indicate a not outflow of capital frcm the United States)

Treasury Bulletin

56

CAPITAL HOVEltENTS
Section II - Sianary by Countries

Table 1.- Net Movenont of Capital and of Short-Tern Banking Funds

Juhf 1952

57

CAPITAL MOVEMENTS
Section II - Sumary by OoimtrleB
Table 2.- Net Hovement In Brokerage Balances and Long-Tern Security Traneactlons by Foreigners
(In thousands of dollars; naga^lra fl^urafi Isdlcata a net outflov of capital trcu tha Uoltad StAtaa or nat ealaa

1/

IncludoB for the first time certain transactions In loi^-tera seourltles
are perfomed by the U. S. Treaaury on behalf of foreigners but
which previously had been excluded from reported transactions.
irtllch

ttj

farol^DaTB)

Treasury Bulletin

5S

CAPITAL MOVEMEHTS.
Section II - Sumnary by Countries
Table 3.- Short-Tern Clalns oo and Liabilities to Foreigners
(Position at end of month In thousands of dollars)
foreigners

Liabilities to foreigners

1952

Januax7

Maroh p

Etirope:

20
39,551
15
It, 830
3,101

Austria
Belgiim
Czechoelcrrakla

Denmark
Finland

France
Geonanr 1/
Greece
Italy
NeUiarlands

Spain
Sweden
Svit£erland
U. S. S. K
United Kli^dcm
TugoelaTla
Other Europe

'1,581
'1,11.5

i;,688

l't,133

28,276
151
10,289
'1,980

30,121
152
12,593
5,835

27,859
102
1*,388
5,636

13,176
27,7*6
131
21,*8l
5,692

252,8*8
395,13*
38,899
290,175
153,680

253,398
353,018
38,*10
293,858
155,929

251,30*
361,767
*0,956
292,113
1*9,816

2,lt66

2,009

1,59*
39
913

1,51'>

97,697
2,*20
*0,7**
6,0*7
16,636

96,721
5,81*
*2,800
6,056
17, *3*

10*,*33
2,*6l
*1,819
6,220
17,91*

6*,313
521,56*
*,23*
6**,627
7,718
59,528

6*,*23
5*2,899
*,87*
796,9**
8,7**
58,759

6a,*6o
5*3,922
2,652
785,255
7,065
57,917

1*2,896

kk

llO

i,ow

39
1,21*

55,395
136,566
755
38,711
30,732

53,97*
129,868
708
38,9*5
26,89*

5

5

18,995

19,826

5
13,*7't

5,201

U,22t

*,26l
10, 282

*,217
10,97*

35,082
3,883
3,963

28,521
2,351
^,139

32,799
1,3*6
*,*87

35,*2*
705
*,351

iag,ai6

186,817

180,193

176,316

2,860,7*3

3,002,2*0

2,978,*63

91,9»

89,323

72,399

72,099

81,979

1,307,068

1,316,*55

1,336,31*

l,335,7ia

7,598

7,897
7,138
207,313
26,238
39,326

7,790
8,*a3
217,002
25,128
36,1*3

8,6*0
8,076
23*, 866
29,330
33,791

7,816
8,610
272,151
29,132
31,*7*

2*9,72*
27,831
100,3*1
5*, 019
106,**2

225,870
23,569
98,*8l
56,*63
97,623

212,913
23,611
118,236
59,501
96,282

188,5*7
21,*06
98,5*5
57,8*1
95,9*2

29,568

30,967
2,09?
*,003
103,268

36,560
2,089
*,210
101,07*

5* ,7*9

251,7*9
*5,799
2*,*36
158,210

253,058
*6,1*3
32,09*
1*7,0*0

265,*6o
*8,866
35,85*
133,986

887,3*5
50,521
39,*88
170,383

5,367
11,185
1

Total Europe

Latin

3,979
3,586
I*, 073

>H
798
6
18,755

ItumazLla

151
28,679
U*
u,6ai

UU

10,

Honra;
Poland
Portueal

36
33,716
*5

57,011
132,77*
67*
**,00*
30,022

9

J\mflrlca:

Argentina
Bolivia
Brazil
Chile
Colcnbla

'

7,1>76

l8j,013
alt,783
it3,7oe

Cuba
Dominican Republic ....
Ouatemala. ........a...
Mexico
Netherlands West Indies
and Surinam. .........

38,273
1,836
3,793
90,600

1,232

1,153

1,155

1,236

1,306

3*,877

31,509

31,338

28,751

Peru
Republic of Fanaoa. .
El Salvador
Uruguay
Venezuela
Other Latin America...

U,783

U,951

8,968
9,V97

1(,200

io,;ei»

ll,78lt

11,513
3,896
7,5*6
19,133
33,136
15,073

10,3*7
6,830
6,5*8
2*, 897
32,220
13,711

*7,199
67,689
27,787
8*,739
71,856
85,130

*9,*65
63,069
36,520
75,22*
67,385
97,1*3

*8,8*0
65,671
38,97*
76,808
6*,537
95,'Hl

56,251
67,876
*3,717
83,366
66,518
103,736

.

Total Latin Ansrlca, ,

2,2iia

3,95*
109,108

2,897
*,063
9*,359

'H,737

3'*, 920

13,658

11,770
*,06l
8,350
7,931
38,692
13,767

U89,328

580,335

520,565

550,169

601,110

1,*37,828

1,*00,656

I,*l6,2a2

1,*59,633

8,710

2,70lt

2,706
6,917
1,598
16,8*7
*96

2,7l6
6,*26
2,791
20,371

1,9**
5,927
5,008
1*,*66
921

*3,19*
**,237
62,385
62,113
1*0,636

*2,385
39,522

39,360

58,551
131,781

*1,925
39,723
6*,388
59,*27
127,393

67,802
*7,35*
1*0,982

8,985
32,*02
8,803
27,190
2,90*

10,075
30,253
9,103
22,62*
3,696

10,773
29,316

25,*6l
26,550
596,020
329,708
96,739

26,813
20,735
636,233
,
328,231 2/
108,8*3

26,9*6
19,275
655,716
331,12*
11*, 970

25,651
19,77*
682,371
332,218
121,00*

13,758
26,922

23,625
15,295

1*,07*
168,**0

13,611
l6*,8ll

1*,915
166,05*

162, *19

1**,8*8

1,609,557

1,635,737

1,661,856

1,688,769

9,885

Asia:

China Mainland .••...
Formosa
Hong £006
India
Indoneela

7,li09

7,'Mn

3,131
13,380
330

l,l»25

1*,765
1)20

723

6* ,221

39,aa'>

Iran
lerael
Japan,
Philippines
Thailand

9,3W

8,90l»

29,970
12,168
29,280

35,890
8,599
29,105

2,1.7lt

2, 1*3

Turkey
Other Asia

609
51,615

510
50,0li6

6*7
*5,060

Total Asia

i6e,ii2H

161,918

15*,555

1*9,*58

22,775
5,737

21,128
5,291

17,5*0
6,031

17,679
7,159

38,539
5*,*78

32,333
5*,303

36,*53
58,8*8

38,393
57,818

131
6,322

121
5,7*7
5,019

110,653
6,978
86,799
297,**7

121,033
9,096
87,313
30*,078

126,358
U.,806
95,681
329,1*6

127,3*9
9,012
93,317
325,889

1,708,188

1,700,880

1,6*6,*39

1,677,003

9,283,806

9,218,5*9

Other countries:
Australia
'Belgian Congo
Eey^ and Anglo%7ptlan Sudan
Itoion of South Africa.
Other

Total other countries.

232
6,725

6Ml

lt,7'»6

l>l,9C0

37,618

136
5,977
5.27?
3*,9?9

968,11*3

996,011

96*,*38

International . . ,

Grand total

jL/

2/

23,692
2,832

1,767

983,770

Hank 19*7, InclnlM ballnaas In acooimta opanad by oooupatioo
anthorltiee for for«l^ trade ptrpoaes.
Inolodes for the flxflt tljn balanoee in certain accounts which are h*ld
B(ig1nBlng

U,0*9

1,027,668

10,610

9,*65,*69

with the U. B. Trsaaury but ^idoh jrvvlooalj had b«ea a(Zclud«d
frcB reportad llal>illtiea.
Fr»11nrtn«ry.

July 1952

59

CAPITAL MOVEMENTS
Section II

-

ni—ui-y by Oountrlea

Table 4.- Fbrelgn Debit and Credit Balance* In Brokerage Accounta
(Fo6iticD St and of Booth Is thonHofta of lollan)

Treasury Bulletin

60

.CAPITAL MOVEMENTS.
Section III - Details for Month of February 1052
Table 1.- Short-Term Claims on Foreigners
(Position at ond of month In thousande of dollars)

Juhj 1952

61

CAPITAL MOVEMENTS
Section III - Details for Month of February igS2
Table 2.- Short-Teni Liabilities to Foreigners
(PoeitlGO at

«xid

of

wnth

in tbouaanda of dollara)

Treasury Bulleiin

62

CAPITAL MOVEMENTS
Section III - Details for Month of February 1062
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thouaande of dollars)

July

m2

63

.CAPITAL MOVEMENTS.
Section III A - Preliminary Details for Month of April 1052
Table !.- Short-Term Claims on Foreigners
(Position at ODd of oonth In thousande of dollars)

61

Treasury Bulletin

CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of April 1052
Table 2.- Short-Tera Liabilities to Foreigners
(PoQltlcn at end of month In thouBODds of dollexe)

Jviy

m?

65

CAPITAL MOVEMENTS
Section III A - PreliBlnary Details for Month of April 1052
Table 3.- Parehaaea and Sales of Long-Tera Securities by Foreigners
(In tiiouaandfl of dollars)

Coiinta7

Treasury Bulletin

66

CAPITAL MOVEMENTS.
Section IV - Supplenentary Data by Countries
Table I.- Short-tern Claims on and Liabilities to Foreigners
Reported by Nonflnanclal Concerns AJ - Totals by Years
(Position at and of jaar In thouaanda of dollar*)
Clalaa on foral^nars

euro pa:
Auatrla
B»l«lUH
CzaohoaloTakia.

u
2,669

3,M6
rinland

833

Tranoa
OarHanj
Oraaoa
ItAlj

7,105
1,5*0

atharlaoda .

.

RuaaxLla

Spain

2/
1,771
1,198

2,823
732

9,686
),352
2,233
5,871
7,1126

2,515

2,038
2/

i.Wt

2,0^

l,4l4
286
5,071
2,oe2
3,807
468
37,178
116
3,357

1,203
469
7,216

1,703
2,583
156
28,876
2,671
4,545

-80

-102

3,00li

3,l'56

6,102

Svitierland....

3,532

5,U3

0. S. 8. R

2,3'>3

2,09!)

Unltwl Eln^dOB.
TugoalBTla
Othar Surop* . .

31,936
67

33,066
129

Ii,6l8

5,513

Total Kurope

87,021

98,99a

.

.

750

3,15li

u,oe6

Swadm

2/
5,140

2/
3,099

3,082
2/

2,881
6,076

.

2/
6,931

2/

6,651
4,416
2,938
8,744
6,522

1,1176

lorway
Poland
Portugal

2/
6,2*6

'19,805

7,423
3,190
2,067

Llabllltlaa to foxvl^nara

2,221
10,303
1,980
963
1,068
33,392

U,065
5,382

96,285

88,096

161,738

52,289

53,837

67,870

23,774
1,634
43,340
8,825
13,811
25,207

18,985
1,534
49,255
7,496
9,906
10,599

13,483
1,389
34,979
6,520
11,581
12,127
1,898
1,814
23,4*7

Latin Aaiarlcal

Argentina
BollTla
Brai 11

Chlla
ColoaLla
Cuba
DcBlnloan Bapublio
Guat^aaXa
Maxloo
Natharlanda Waat Ii^laa
and Surlnaa. ....,..,.

18,171
2,037
36,335

23,220

6,31*7
11,1125

U,732

22,183

2/

1,8W
46,381
14,231
24,162

u

u

111, 962

20,130

18,951

1,253

1,267

1,591

Paru
Bai^blla of Panaaa
El Salrador
Uruguay

4,473
2,349

^/
2/

7tt&a£uala

Other Latin Aaerloa,

. .

11,860
21,964

Total Latin Aaarloa.

. .

183,617

Zhlna Mainlapl \l
rorKoaa
Bong KoDg

Indoneala
Iran
larael
Japan
Fhilipplnea.
Thailand. . .

Turkey
Other Aala \J

3ltl

5,429
ltJ.7

5,307

2/
1,877
7,700

518
8,398
230

775

1,410

3,182
2,896

7,613
3,297
1,334
7,317
13,894
8,288

2/
11,870
18,755
155,341

9,160

^

Ittlla

80,145

150,391

9,889
738
7,241
1,840

l,46e
5,664
732

537
3,674
1,288

976
4,411
3,432
5,141
2,630

2/

Hi

1,190
5,493
2/

1,238
7,038
2/

2/
2,310
7,360
2/

2,757
6,955

1,871
7,074

4,603
7,142

34,701

38,310

3,953
5,120

39,604

Other Countries
Anatralla
Belgian Congo
SgTpt and AngloIgjptian Sudan
Union of South Afrloa..
Other

5,4oe
2/

1,306
6,760
7,732

8,126
2/
1,889
8,713
13,225

Total othar oountrlea.

6,809
2/

5,015
2/

8,334
969

1,060
9,765
10,533

963
3,679
7,681

1,133
4,396
7,576

27,567

17,338

392,913

353,774

Ikiidentifled.

Intematlooal
Onual total

330, W96

408,486

442,183

1.432
14,012
768
998
i,ooe

I

Juhj

m2

67

CAPITAL MOVEMENTS,
Section IV - Supplementary Data by Countries
Table lA- Short-Term Claims on and Liabilities to Foreigners
Reported by Nonflnanclal Concerns -^ - Details for December 1951
(FoaltlOQ at and of Booth In thouBanda of doUara)

Treasury Bulletin

6S

CUMULATIVE TABLE OF CONTENTS.
August 1051 through July 1952

Jubi 1952

69

CUMULATIVE TABLE OF CONTENTS.
August 1051 througli June 1062 - (Continued!

'Y^

Treas.

U.S. Treasury Dept.

HJ
10
.A2

1952
C.2

Treasury Bulletin

^