Full text of Treasury Bulletin : July 1952
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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 ^