Full text of Treasury Bulletin : July 1953

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LIBRARY
ROOM 5030
J UN 9.3 1972

TREASURY DEPARTMENT

Hi

JULV-ia53

LIBRARY
ROOM 5030
JUN

2 31972

TREASURY DEPARTMENT

U NITED

5THTES TREHS URV DEPRRTMENT
OFFICE DF THE SECRETflRV

Table of CSontents

Treasury financing operations
Summary of Federal fiscal operations

A-1
1

Budget receipts and expenditures

2

Trust account and other transactions

g

Treasury cash Income and outgo

12

General

I5

5\and of the

Treasury

Debt outstanding

I6

Statutory debt limitation

21

Debt operat Ions

22

United States savings bonds

27

Treasury savings notes

33

Ownership of Federal securities

"^H-

Treasury survey of ownership of Federal securities....

36

Market quotations

kO

Average yields of long-term bonds

kj

Internal revenue collections

1|.5

Monetary statistics

lj.9

Capital movements

53

Cumulative table of contents

67

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.

.

mi

July

Treasury Financing Operations
received without deposit.

Tax Anticipation Certificate Offering
On July 1 the Secretary of the Treasury announced
that on Monday, July

6,

the Treasury would offer for

cash subscription $5-1/2 to J6 billion Tax Anticipation Certificates of Indebtedness. These certificates

"

Other subscriptions were

required to be accompanied by payment of 10 percent
of the amount of certificates applied for.
Subscription books were closed at the close of

would be dated July I5, 1953, maturing March 22, 195!^,
and would be receivable at par plus accrued Interest

business on July 6.

to maturity In payment of Income and profits taxes

of Indebtedness of Series 0-195*^, were Issued In

The rate of 2-1/2 percent

due on March 1$, 13^'^.

The new Tax Anticipation Certif-

icates, designated 2-1/2 percent Treasury certificates

Payment was permitted In

bearer form only. In denominations of $1,000, $5,000,
Interest will
$10,000, $100,000, and $1,000,000.

the form of credit In Treasury tax and loan accounts,

be payable with the principal at maturity on those

and In view of the large size of the Issue, Federal

certificates not presented In payment of taxes.

was announced on July 2.

Reserve Banks were prepared to act promptly on re-

quests for temporary Increases In these account
authorizations.

Total subscriptions In excess of 13-1/2 billion
were shown In reports from the Federal Reserve Banks

On that date, the Secretary of the
Treasury announced a 67 percent allotment on subscriptions for more than $100,000 each.
As previously announced, none of these subscriptions was
as of July 8.

This offering was Intended to take care of the

Treasury's cash needs for the first quarter of the
new fiscal year, the original announcement stated.
Under present methods of collection, about 70 percent

allotted less than $100,000 and smaller subscriptions

of the corporate tax payments In 1953 were made
during the January -June period, leaving only 30 per-

were allotted In full.

cent to come In during the next six months.

On the basis of preliminary

figures, the total amount allotted was $5.9 billion.

Thus the

Treasury has to borrow substantial amounts during the

current half year which will be repaid out of tax

Treasury 91-Day Bills Increased

New issues of 91-3ay Treasury bills during June
They refunded the $U.9 billion

payments In March and June 195*^. For the same reason,

totaled $5.9 billion.

substantial amounts of corporate funds will be

of maturing issues and provided $1 billion of new

available during the current half year for Investment

money.

In these certificates.

This Issue was being sold In

This was in addition to the $700 million of
new money raised through weekly bill issues since

The issue of April 23 was the first

lieu of Tax Anticipation Bills maturing next March,

April 23.

It was stated.

increase in weekly bill offerings since June

5,

I952.

The first two issues in June, amounting to $1.5 bil-

respectively,

exceeded the

the offering stated additionally that commercial

maturing Issues by $200 million each.

The last two

banks and other lenders were requested to refrain

Issues of $1.5 billion each exceeded maturities by
$300 million in each case. Average rates of dis-

The announcement on July 6 of the details of

from making unsecia^ed loans, or loans collateralized
In whole or In part by the certificates subscribed
for,

to cover the deposits which were required to be

paid when subscriptions were entered.

Subscriptions

lion and

$1.'! bl^lllon,

count on the new Issues were 2.Ul6 percent for
June t, 2.323 percent for June 11, 2.222 percent
for June IS, and 1.95'*- percent for June 25.

from commercial banks for their own account were

Bote:

Details of Treasury market financing operations are
shovn elsevhere In this Issue of the "Treasury
"DisBulletin", In the tables on "Offerings" and

position", respeotlTely, of marketable
notes, and certificates of Indebtedness
"Offerings of Treasury Bills"

and In the

table

SUMMARY OF FEDBEAL FISCAL OPERATIONS

Treasttry Bulletin
.BUDGET EECEIR'S AND KXPENDITUEES

Table 1.- Receipts by Principal Sources

.

July 195)
.BUDGET RECEIPTS ANT i3CPENDITURES

Expenditures for National Defense and Related Activities
(In mllllcaifl of iollara)

^
19*7
19*8
19*9

90,501
*8,870
16, 812
11,500
12,158

1950
1951
1958

12,3*6
19,955
39,033 12/

19*5

WW

1953 (Eat.).
195* (Eat.).
1952-July...

October..

Nor ember.
1953 -January.,
February,
March...

i^ini...,

May

1,690

50,337
27,800
6,911
6,0*6
5,*17

3,506
6,238
12,350 la/

*,058
6,867
15,370

15,385
17,510

15,865
15,200

1,297
1,0*0
1,3**

1,508
981
1,560

1,211
1,052
1,386

1,*68
1,301
1,55*

1,285
1,21*

1,399
1,*20

Pajnanta
under Armed
Forces

Surplua
property

*,171
*,*12

a/

*,110
5,757
9,961

916
857
1,03*

3,632
3,501
3,789

13,*S6

15,

-T..

Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)

Treasury Bulletin
.BUDGET RECEIPTS

MD

EXPENDITURES.

Table 5.- "Other" Expend ItureB
(In millions of dollars)

Fiscal year
or month

..

.BUDGET RECEIPTS AND raPENDITURES.

Table 6.- Summary of Budget Results by Months and Years
(In mlUlons of dollars)

Nat budget raoalpta 2/

1933..
193''..

1935..
1936..

1937..
1938..
1939-.
19ltO..

WU..
191.3

.

19W..
19l'5..

WW..
191*7..
191*8..
191*9..

1950..
1951..
1952..
1953..

1932..
1933..
1931*..

1935..
1936..
1937..
1938..
1939..
191*0..
191*1..
191*2..
191*3

.

191*1*..

191*5.
191*6.

191*7.
191*8.
191*9.

1950.
1951.
1952.
1953.

Treasury Bulletin
-BUDGET RECEIPTS AND EXPENDITURES.

Social Security Act

-

Budget Receipts and Expenditures

(In ainiona of dollars)

Juhi i9'yJ
,

BUIXJET RECEIPTS AND EXPENDITURES

Railroad Retirement Act
(In

-

.

Budget Receipts and Expenditures

ainions of dollaro)

Treasury BuUeti
.TRUST ACCOUNT AND OTHER TRANSACTIONS

Table 1.- Summary of Trust Account and Other Transactions
(In BinionB of dollar*)

Trust accounte,
Net iDTestmenta of

Kipendlturae

Govomment agenclea

In

Net redeaptloos,
of BQCurltlea of
aeencles lo the

lit

2/"''

public debt aecurltlos 2/

Hot guaranteed

7,5W

19'»9

5,71l»

5,200
3,668
3,362
3,060
2,311

1950
1951
1952

6,669
7,796
8,807

3,557
3,636

19't5
19116

3,238
2,619
2,658

WltT
19lt8

7,712

6,2W
6,515 2/

-Il02

1953 (Estluated)
igS"* {Estimated)

1952 -July
Auguat
September..

December.

.

1953 -January

February...
March

April

61(9

IA3
,

l,0l»7

Actual figuree from Dally Treasury Statement; estimates baaed cm
Source:
I95U Budget document, released January 9, 1953. For revised estimates
of total budget receipts and expendlturea In 195*+ ae presented In the
President's tax message to Congreas on May 20, 1953j see page 1,
1/ Excess of receipts, or expendlturea (-).
2/ ConslBts of transactions which clear through accounta of

of the United States, except as noted in footnote U,
Excludes Foreign Economic Cooperation Trost Fund (eee page 1).
Beginning 1952, net transactions In Federal Intermediate Credit Bank
issues are Included even though certain of these transactions do not
clear through the accounts of the Treasurer of the Ifalted States.
Lees than $500,000.

Table 2.- Trust Account Recelpte
(In mliaions of dollars)

Fiscal year

,

July

mj
-TRUST ACCOUBT AMD OTHER TRANSACTIONS.

Table 3.- Trust Account Expenditures Other Than Net Investments
(In mllllonB of dollar*) oagatlre figures ar* exoese of oredlts)

•nployees *
retlrwient
fanda 1/

19k3
19*6

'1,1.7'.

i.9^'.'.'.'.'.'.'.'.'.'.'.'.

3,625
3,857

-1^58

19'>9

3,82".

1950
1951
1952

3,9'>5
'.,952

6,950

1953 (Eatl»at«l)
V)^ (KatUuited)

1952 -July

tagu
October..

1953 -January .
Pebrufli7,

Naxoh...
April...,

1.28

V

Treasury Bulletin
.THUST ACCOUNT AND OTHER TRANSACTIONS.

Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In mllllona of doUeo-s)

J
July 195

.TEUST ACCOUNT AND OTHER TRANSACTIONS.

Table 7.- Unemployment Trust Fund

Treasury Bulletin
TREASURY CASH INCOME

.

MD

OUTGO.

Sumnary of Cash Transactions
(In mlllione of dollars)

Cash operations other
Cash operating lacone

i

Cash operating outgo

Net receipts

19^5
19^6
IS^tT
191*6

3,707
3,595

191*9

3.'*83

1950
1951
1952

36,925

1952 -July

outgo (-)
50,21*0
1*3,839
1*3,591

95,952

-768

95,181*

-1A,91.5

1*9,1*71*

57,1*22

1*,316

33,190

3,270

1,026

61,738
36,931

1*5,1*00

32,1*82

2,91*1*

563

1.1,628

37,517

-17,899
6,659
8,903
1,051

-19,389
-7,280
-2,513

-2,185
7,635
137

1*,231

2,01*7

-5,795
-525

1,839
-388

-1,891
-6,573

921
6,573

-969

36,1*96
1*0,576

98

1*7,887

1*0,970
53,1*39

3,807

1*5,801*

61,991

68,093

l*,9l*7

67,956

74,953

5,51*5

76,81*3

1953 (Sat.)...
1951* (Ist.)...

1*3,155

81,801
3,292

decrease (-)
In General
Fund

operating

Cash trus
budget
account
receipts receipts

6,211

6,233
5,622
6,066

-2,61.0

7,1*39

!t/

September

6,583

3,593
It, 878
6,898

October.
November.
Deo ember.

3,096

3,1*18

-316

6,511.

l',llt9

4,997
6,320

21*3

5,558

-3,097
-561

1,1*61

11*5

7,361*

-1,01*1.

-1,572

1953 -January.,

5,018

-1*01

5,1*1*2

r»bruary.
March....

5,''75

5,239
6,267

10,U99

11,01*2

U,01.7

1953 to date.

5,932

2,81*6
l*,375

if8

3,211*
5,291*

55,312

5.81*7

61,:
,159

l*,81*8

5,911

exercise of
monetary
authority a/

-71*1*

832
-981

-376

5,751*

6,970

1,41I

61*

,

l*,590

11*0

-61

j

Souroet Actual figures based cu Daily Treasury Statemant; estimates
based cc 1954 Budget dootmuct, released January 9, 1953. For
revised ostimatoe of total budget receipts and eipendltupoe in
1951* as presented in the President's tax message to Congress on
May 20, 1953, see page 1.
i/ The U. S. subscription to the capital of the International Monetary
Fund was paid in part frcn the Exchange Stabilization Fund (see
"Treasury Bulletin" for September 191*7, page 17).
2/ Consists of selgniorege on silver and Inorausnt resulting from
reduction in weight of the gold dollar. This Itaa is part of the

V
{*/

68,61.1

-7,1*88

11,151

-3,330

cash budget receipts shewn in these tables, bat Is azoluded fnm the
budget figures for "Receipts frcoa the piibllo"
In addition to this decrease In the General Fund balance, the Exobcmgi
Stabilization Fund was dievn down by $1,800 mlllian for subscription
to the capital of the Inteztiational Monetary Fund.
In the Frosldent*e tax messsge to Congress en May 20, 1953, the cash
deficit for 1954 (cash operating outgo less net reoelpts from the
exercise of monetary authority) was estimated at $3.3 billion on the
basis of existing tax lavs (ses psge 1).

Derivation of Cash Budget Receipts
(In millions of dollars)

\dy

mj
.TREASURY CASH

INCCMffi

AHD OOTOO,

DarlTatlon of Cash Budget Bxpendl tares
(In m-nllnTW of dollBra)

Treasury Bulletin
.IREASUKf CASH INCOME AND OinJOO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(Is

niUloiu of lollan)

j

Ml

1%)
.GENERAL FUND OF THE TREASURY.

Status of the General Fund
(In

BiUlona of dollan)

Treasury Bulletin

.DEBT OOTSTAHDHG.

Tabic

1.- Summary of Federal Securities
(In mlUlooa of doUars)

July 195)
JSESI OinHTAHDIBCr.

Table 3.- Interest-Bearing Public Debt
(In BlUioiia of

doU«n)

Ireasury bulletin
.DEHT OOTSTANDUG.

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

Federal

National
Serrice
Life
Insurance

Federal

Ineurancc

Postal

Uneaploymsnt

STB tern

FuM
19"'5
19i'6

19''7

19't8
19119

1950
1951
1952

18,812
22,332
27,366
30,211
32,776

3,187

6,71.7

2,177

5,21*0

6,699

7,10li

2,it6o

6,1*7''

7,11*2

7,709
9,003

2,823
3,270

6,935

32,356

10,ltl8

3,817

3'>,653

12,096

i»,391

37,739

lli,0!i7

5,011t

5,308
5,910

September

37,9't5

38,307
38,360

11.

,222

October.
Hot ember.

38,390
38,788
39,150

lit, 292

7,31*0

1953 -January..

39,097
39,302
39,35^

Februai7»
March.....
April....

5,3W

1,300

5,359
5,363

1,2911
1,2914

I't.TSl.

llt,7'»6

5,3T8

5,15^
5,169
5,159

5,338
5,390
5,389

39,U7'»

39,710

Source: Daily Treasury Statement.
1/ Includes Canal Zone Foetal Saving System.
Consists of MJuated Service Certificate Fund, ToriouB houalng insurance

6,616
7,266

2,863

7,71*5

7,710

5,192
5,178
5,177

5,363
5,366
5,370
5,381*

2,1*11*

5,170

5,161*
5,161*
5,161*

llt,li29

7,500

2,058

1,292
1,300
1,300

lt,756

1951
1952 -July

Fual

7,921*
7,881.

8,123

8,038
8,159
8,071*

5,1'*9

5,129

Veterans* Speci.

2/

Table 6.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar anounts in mllllona)

July

mj
.DEBT OtrrSTANDDC.

Table 7.- TreaBury Holdings of Securitiee Issued by Government
Corporations and Other Agencies

V

(In BlUlonfi of dollars]

Treasury Bulletin
JffiHT

ootstahdug.

Table 8.- Public Debt and Guaranteed Securities Outstanding by Months
(End of month,

18,507
21,362
26,158
28,817

30,516

18,126
20,935
26,052
28,526
30,520

3't,502

31*, 601

31*,

37,1*53

37,633
39,859

25,068
28,1*76

39,631
1*2,

UO

1.5,877

1*2,365
1*6,090

31,1*59

31,1*25

19,037
21,853
26,153
28,638
31,636

728
37,556
39,985

3l*,9l*l

35,213

37,510

37,1*22
1*0,282
1*2,808
1*7,721

1*2,51*0

1*7,173

18,597
21,1*1*1

26,118
28,668

1*0,063
1*2,658
1*7,231

60,012

62,381

62,1*19

6U,96l

1U,069

lll»,02l*

115,507

129,81*9
181*,967

278,887

279,211*

233,950
276,012

235,069
273,898

68,571
135,913
186,366
238,832
272,583

259,776

261,1*18

259,121*

257,701

258,31*3

256,571*

251*, 605

252,990

252,21*0

252,620
256,865
256,125

252,721
256,368

251,61*2
255,721*
25't,997

251,530
255,718
25*, 727

252,236
251,889
256,350
255,093

170,659
232,1*08

183,107
233,707

255,91*1

181*,715

259,775

258,081*

258,292

267,1*02

261*, 1*85

261*, 590

Iji

millions of dollare)

19,612
22,610
27,189
29,123

19,1*87

22,539
27,053
28,701
33,779
36,U25
37,165

33,W*

1*0,1*1*0

36,716
37,191
Uo,66l

1*2,968
1*8,961

113,771
1.9,513

20,067
23,099
27,080
29,033
33,380

20,611
23,051
27,190

27,188

29,1*21

29,1*62

37,01*5

36,875
38,393

36,956

1*0,858

Ul,036

37,593
1*0,891
1.3,905

33,833

50,921

53,581.

72,1*22

77,136

86,U83

11*1,521*

158,31*9
209,1*96

263,001

38,1*23
l*l*,137

136,696
201,003
258,682

208,571*
262,01*5

33,833

92,901.
165,01.7
210,21*1*

269,1*22

268,270

267,51*6

262,020
265,369

261,817
263,532

258,286
252,292
252,770
257,357
255,222

259,1*1*8

260,097

259,11*5

259,071

253,371*

253,01*9

252,1*60

259,105

252,687
256,680
257,216
257,353
262,682

253,877

255,852

257,51*1

257,871*

255,657

256,61*i*

263,073

263,186

256,778
256,937
258,298
261*, 919

Quargnteai Beoorltlea 1/

3,1*80
l*,630

325
3,660

1,061.
1*,205

1,615

1,875

2,596

l*,2U8

1*,676

l*,72l*

U,669

1*,369
1*,667

1*,U21
1*,667

l*,66o

1*,633

1*,633

l*,63l*

5,015

5,009

5,001

5,1*50

1*,703
5,061*
5,1*80

5,1*89

5,1*56

5,1*1*8

5,529
6,370

5,526
6,939

5,813
6,937

l*,58l

l.,592

".,571.

l.,265

3,91*1

3,971
1,568

1,155

3,791
1,565
505

5W

333

379

55

79
51

1*,662

1*,662

1*,61*6

1*,61*6

1*,61*7

1*,987

5,1*10

5,1*10

5,1*10

5,699
5,915

5,673
5,911.

5,663
5,916

5,657
6,560

5,703

5,696
U,287

l*,36o

'.,233

2,278

1.^372
.2,271*

l,ll*J*

1,11*1*

1*,291
1*,275

1,530
558

551

5,690

178
75
23
22

21

Total Federal aeourltleo
1932

1,566
531*

5,810

119
1,563
558
386
It,

83

juhj

mj
STATUTORY DEBT LIMITATION

Jl U.3.0.
The Second Liberty Bond Act, as amended,
757 b), provides that the face amount of obligations Issued
face
amount
of
and the
under authority of that act,
obligations guaranteed as to principal and Interest by

aggregate $273 billion outstanding at any one time.
Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,

the United States (except guaranteed obligations held by

redemption values.

(

are Included In the statutory debt limitation at current

the Secretary of the Treasury), shall not exceed In the

Table 1.- Status under Limitation. May 31. 19S3
(In Blllloiu of dollars)
sxt of aeciirltlas vhlob isay bo outetandljig at any coa tloa, under lijnltatlan Iji^oead ij the act
of J<m» 26, 19"t6 (31 O.S.C. 757 b)

275,000

Aaount of eeouritles outataoding aubjeot to suob statutory debt Ujoltatlont
U, 5. QcTemnant aecurltiea Issued under the Second Liberty Bond Act, as amandad

auai«mteed aeourltlea (azcludtne those held b; the Xraosursr)

26^,917
,

Total flBDunt of securities outstanding sxibjeot to statutory debt limitation
Balance Issuable uider llmltatloa

Source:

26^,969

9,031

Bureau of the Publlo Debt.

Table 2.

^

Application of Limitation to Public Debt and Guaranteed Securities
Outstanding May 31, 1053
(In mlUloDS of dollars)

Clsss of security

Treasury BuLetin
.DEBT OPERATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding May 31,
(In millions of dollare)

1853

^

-

July

mi

23
.DEBT OPERATIONS

Maturity Schedule of Intereet-Bearlng Public Marketable Securltl
Issued by the United States Government
and Outstanding May 31, 1953±/- (Continued)
(In mlUlona of dollars)

treasury Bulletin
.DEBT OPERATIONS.

Table 2.- Offerings of Treasury Bills
(Dollar amountB In mlllicma)

p

July

.

mj
DEBT OPERATIOHS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness

Date
oubecrlptlon
books were

Date
of

Description of

MaturKj-

1/20A8
2/18A8
3/22A8

2/1A8
3/1A8

5/19 A8

6/21A8
9/1A8

6/1A8
7yiA8
9/15A8

9/20 A8

10/l/!i8

12/6A8
12/15A8
I/19A9
2/15A9
3/21A9
5/19A9
6/20A9
8/21A9

12/15A8
1/1A9

9/20/1.9

12/5A9
12/19A9
1/20/50
2/17/50
2/17/50
3/20/50
5/22/50
6/21/50

lt/lA8

2/1A9
3/1A9
'*/l/l>9

6/1A9
7/1A9
9/15A9
10/lA9
12/15A9
1/1/50

2/1/50
3/1/50

\«

9/5^0
9/18/50

12A/50

9A/51
9/18/51
10/1/51

2/
12/3/51

2/18/52
2/18/52
2/
6/16/52

2/2/53
2/2/53

2/1/1.9-B
3/l/l>9-0
li/lA9-I>

1-1/8J Certificate
1-1/8)6 Certificate
1-3/8* note
1-l/lt* Certificate
l-lA* Certificate
l-l/lt)6 Certificate

6/1A9-E

7/1/52
8/15/52
10/1/52

2-3/3*
1-7/8*
1-1/2*
2-3/8*
1-7/8*
2*
2-1/8*
1-1/2*
2*

Bond
Oertlfloata
Bote
Bond
Certificate
Certificate
Note
Note
Certificate

l»,301

7/l/'t9-F

5,783
3,596
6,535

5,783
3,596
6,535
519
5,695

/15A9-H
1/1/50 -A

1,993
2,922

3/1/50 -c
lt/l/50-B

6/1/50-E
7/1/50-F
9/15/50-0
10/1/50 -H

963
5,019
5,601
1,197
6,2U8

5,019
5,601
1,197
6,2U8

3/l5/5''-A

'.,675

l.,675

5,373

5,373

1/1/51-A

1-1 A* Note
1-l/lt* Note
1-1/2)6 Hote
l-lA* Hote
l-l/lt)6 Hote
l-lA)6 Hote
1-lA* Hote
1-lA* Hote
1-3 /"t* Hote

Certificate
Certificate
Certificate
Hote
Certificate

(In minions of dollars)

2,189
3,553
1,055

U/1/50-A

l-lAjt Certificate
l-lA* Certificate
l-l/l*)6 Certificate
l-lA)6 Certificate
l-l/U* Certificate
1-1/8)6 Certificate
1-1/8* Certificate
1-3/8)6 Dote
1-1/8)6 Certificate

1-7/8*
1-7/8*
1-7/8*
1-1/2*
1-7/8*

M

0/1/119-0

10/1/51-A
7/1/51-B
3/15/55-A
7/1/51-C
7/1/51-D
8/1/51-E
10/15/51-F
11/1/51 -0
12/15/55-B

1-1/2)6 Hote
1-7/6)6 Certificate
1-7/8)6 Certificate

2/

6A/51
7/15/51

9/15/52

1-1/8)6 Certificate
1-1/8)6 Certificate
1-1/8)6 Certificate

yirst call

i./i/56-i;a

•

1,918
2,7'tl

5,365

5,351

5 yr

5,351

5,9'tl

5,91.1

5,253
6,854

5,253
6,851.

1,007 i/

1,007 3/

1./1/52-A

9,52't

9,521.

7/1/52-b
8/15/52 -c
9/1/52 -B
10/1/52-E
10/1/56-KA
15/1/52-F

5,216

5 yr

5yr

3/15/57-59
2/15/53 -A

6/15/58
6/1/53 -B
8/15/53 -c 5/
12/1/53-A
10/1/57-EO
8/15/53 -C 5/

5 JT

5,216

583

583

1,832
10,861
550 i/
1,063

1,832
10,861
550 3/
1,063

i

V1/57-EA

•

963

5312/

531a/

Uii

l.,963

2,008 2/
10,5l'2
821.

10,51.2
821.

27

873 1/

2/15/53
^5^i;i
6/1/53
7/15/53

2-1/2*
1-1/2*
3-1 A*
2-5/8*
2-1/2*

Bond
Hote
Bond
Certificate
Certificate

3/

873 5/

2-1/'** Certificate

8,111.

jr 10
77 i/

6/15/78-83
6/1/5U-B

30 yr

li

25 yr

:

3/22/5l»-C 2/

Source: Bureau of the Public Debt.
subscriptions
1/ Consists of all public cash subscriptions
Goremment inrestziant accounts.
2/ Exchange offering aTallable to ovuers of nomuarke table 2-3A*
Treasury Bonds, Investaient Series B-1975-80, dated April 1, 1951.
For further Infonaation relating to the original offering see
"Treasury Bullettn" for April 1951, page A-1.
3/ Amounts shovn are as of June 30, 1953. They Include exchanges by
Federal Besene System Open Market Account amounting to $1,000 million in the case of Series EA-1956, $500 million each In the case of
Series EO-1956 and Series EA-1957, and $711. million in the case of
Series EO-1957.
k/ Nonbank subscriptions vere allotted In full. Comnercial banks' subscriptions for amounts up to and Including $100,000 for their ovn
account also were allotted In full. Commercial banks* subscriptions
for amounts over $100,000 for their ovn account were allotted
$100,000 on eech subscription.
5/ The 2* certificates dated August 15, 1952,
certificates of the series Identical In all respects,
offering for the 1-7/8* certificates which matured Deceniber 1, 1952.
Total exchanges amounted to $2,882 million.

It D

5,250

8,500

X/
8/

2/

10/

p

I»l8p2y
i.,858p

1,188 p
5,900 p

Holders of the 1-7/8* certificates »*loh matured February 15, 1953,
were offered a choice of exchanging the securities for either the
one-year certificate or the five-year, ten -month bond.
The bond offering was made available for exchange of F and
savings
bonds maturing from May 1 through December 31, 1953
Total allol3iienta on cash subscriptions were limited to approzlmateXy
$1,000 miUlon. Honbank subscriptions la amounts up to and lncli;ding
$5,000 were allotted in full. All other subscriptions were allotted
20*. Cannierclal banks* subscriptions were restricted to an amount
not exceeding 5* of their time deposits ss of December 31, 1952, The
Treasury also reserved the right to allot limited amounts of these
bonds to Oovemment Investment accounts, irtiich subscribed to a total
amount of $117,779,000.
Also desi^piated tax anticipation certificates which will be accepted
at par plus accrued Interest to maturity in payment of Income and
profits taxes due March 15, 1951*.
Subscriptions for smounts up to and including $100,000 were allotted
In full.
Subscriptions for amounts over $100,000 were allotted 67*
but in no case less than $100,000.
Preliminary.

Ireasury Jiulletin
.DEBT OPKRATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness

July

mj
.UHTEED STAIES SAVINGS BONDS.
Series H, similar In Interest return to Series E,

United States savings bonds were first offered In
Series A-D
March I935 and began to mature In March 19'^5•
were sold between March I935 and the end of April 19^1,

bond,

were first offered In May 19'U.
Vlhen Series E began to mature on May 1, 1951. owners of the
matured bonds were offered three options: To redeem the
bonds In cash In accordance with the original terras; to

and G began to mature on May 1, 1953.
for the exchange
offering made to holders of these bonds maturing through

retain them with an extended maturity of 10 years at

at Issue price and total redemptions and amounts out-

specified rates of Interest accrual; or to exchange them
bonds. A number of changes became effective
for Series
Mayl, 1952. The principle ones were: The rate of Interest

are shown at face value througnout.

and Series E,

F,

and

accrual on Series E was Increased, especially for the near
term, with corresponding changes In extended Series E; and

Serial T and • ii«r* r«plaoed by two new lesuee. Series J
A new ourrent-lnoome
and K, aleo «t higher Interest rates.

TabU

For details of these changes

see "Treasury Bulletin" for May 1952, page A-1.

Series F

In
December 3I, 1953. see the May I953 Issue, page A-1.
the tables which follow. Series A-F and J sales are shown

standing at current redemption values.

Series G, H, and K
Matured bonds which

Matured
bonds outstanding are Included In the Interest-

have been redeemed are Included In redemptions.
F and G

bearing debt until all bonds of the annual series have
auitured, when they are transferred to matured debt upon
vhloh inteceet has ceased.

1.- Sale* and RadMptlons by Series, Cumulative through May 31, 1063
(1

Serlss

was offered beginning June 1.

Treasury
.UNirEK STATES SAVIHGS BONDS.

Table 3.- Sales and RedeniptlonB by Periods, Series E through K
(Dollar amounta In Bllllona)
Salsa plus

dlecount

FIscelL yeara:

Xgkl-iSkl

12,001
11,820
11,553
6,739

I9W
igiis
igitS

wit?
19l>8
19't9

'1,278

1950
1951
195s

3,993
3,272
3,296

1,035
1,111

Calendar years:
19lH.19l,3

17,558
12,56a
10,175

19W<
19lt5

WW

h,k6S
I*, 085

19l'7

't,959

19li8

ll,208

19^9
1950
1951

3,668
3,190
3,575

1952

1952 -July

September,
October...
Horember.

.

76
91
123

1953 -January

.

.

March....'.'

April

Bulk

mj
.UNITED STAIES SAVUIGS BONDS.

Table 3.- Sales

Redemptions by Periods, Series B through K - (Continued)
(In mllllonB of dollars)

Bedemptlons 2/ 1/

Sales plua

dlBcount

3,729
8,2T1
11,820
11,553
6,739
It, 287
li,026
lt,278

3,993
3,272
3,266

3,731
8,301.

118
265

11,938

1.3'i

7,173

U,8l8

536
633
753
895
1,035
1,111

7,134
10,3lA
12,380
9,822
lt,l»66

lt,065
!>,22ll

l.,208

5,025
I*,
639
4,270
4,513

3,846
5,912
4,391
3,825
3,530
3,521
4,295

3,005
4,963
5,423
3,930
3,728
3,448
3,912
4,036

2,095
3,825
5,843

4,288
3,689
3,368
3,326
3,987
3,583

4,925
5,330
3,813
3,575
3,274
3,667

250
307 P
318 p
293 P

Tl«oal y»«ri
1952....

45
46 p
43 P
50 p

Treasury Bulletin
.UHITED STATES SAVIBGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series B through K - (Continued)
(In mllllona of dollftre)
Sale 8 ploa

dlecount
Series F J/
Fiscal yearel
19ltl and igltS.
igita

I9IA
19'»5

19^6
I9I17

19^8
19^9
1950
1951
1952
Calantar years!
I9IH ond

19l>2.,

191*3

19Wt

,

19't5
19116

,

191*7

19W

,

191*9

1950
1951
1952

,

Mentha I
1952-Jnlj

Deoaiibar .

1953 -January

.

.

February.
March

AprU

Fiscal yeari

12 P
9 P
56 p

.UNITED STATES SA733JGS BOHDS.

Table 3.- Sales and Redenptions by Periode, Series E through K - (Continued)
(In mlUlons of doUare)

3«rlea

5/

Treasury

BulU

.OTTFED STATES SAVINGS BONDS.

Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In alUlons of doUars)
Itaaatured bonda

5,»0
5,651
5,071*

987
772
1,015

Sonroo: Dally
1/ Details by serlee on a cgamlatlTe baale and
combined wlU be found In the February 1958
"Treaaury Bulletin"
Sj Includee oichangeB of matviped Series B bonds for Series
nlng Hay 1951 and for Series K bonds beginning May 1952
V/ Includes boti matured and umiatuped bonds; see Table "l.
hj Sales began June 1, 1952.

It,

853
k,879
k,059

'

7/

>

(

8/
2/

p

Coisparable data are not arallable prior to
Includes redanptlons not yet classified.
Includes eiohanges of $397 million I9IH F
Treasury bonds of 1978-83.
Less than $500,000.
Preliminary.

nuary 1950.
1

bonds for

3-lA>

July 195)

.TEKASURy SAVmGS NOTES.
Treasury tax and savings notes have been Issued as
Tax Series A from August 1, iglH, through
19't3; Tax Series B from August 1, I9IH, through

follows:
June 22,

September 12,

IS"*?;

Savings Series C (originally designated

Tax Series C) from September Ih,

igl^S,

respect to the offering of the earlier series was published

currently In the "Treasury Bulletin", and appears also In
the "Annual Report of the Secretary of the Treasury' for

appropriate years.

through August 3I,

Savings Series D from September 1, 19'^8, through
May lit, 1S51; Savings Series A from Hay I5, 1951. through
May l^, 1953; and savings Series B beginning on May 15, 1953iglMS;

Details concerning terms and conditions for purchase
and redemption and Information on Investment yields of
Savings Series B appear In the June 1953 Issue of the
Similar Information with
"Treasury Bulletin", page A-1.

In the following tables sales and redemotlons 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
until all notes of the annual series have matured, when
they are transferred to matured debt upon which Interest
has ceased.

Table 1.- Sales and Redemptions by Series, Cumulative through May 31, 1053

Treasury Bulletin
.OWNERSBIP OF FEDKRAL SECURITIES.

Distribution of Federal Securities by Classes of Investors and Types of Issues
tin mllllonB of dollars

J

July

mj
.OWMEFSHIP OF FEDERAL SECURITIES.

Estimated Ownership of Federal Securities
(Par values 1/

-

In blUlons of dollars)

Twasurij Bulletin
.TREASUPY SURVEY OF OWNKPSHIP, APRIL 30, 1953.
The Treasury Survey of Ownership covers securities

Information on the distribution of ownership by types

Issued by the United States Oovernment and by Federal
agencies. The banks and Insurance oompanles Included
In the Survey account for approximately 95 percent of
such securities held by all banks and Insuremce companies

of banks eind Insurance companies Is published each month.
Additional Information showing the holdings of commercial
banks distributed according to Federal Reserve member

In

Data were first published for
In the May igUl "Treasury Bulletin".

the United States.

March

31,

igUl,

Section

I

-

bank classes and nonmember banks Is published for June
and December 31.

Securities Issued or Guaranteed by tlie United States Government
Table 1.- Summary of All Securities
IQ allllogiB of dollara)

Held bj ijiTestors covered In Treasury Surrey
Total
Classification

Interest-bearlue securities:
Public marketable
Public Domiarke table U/.
Special Issues

146,1811

76,9Wt

27,179
3,567

39, '•7'*

39,1*7'*

Total Interest-bear
Matured debt and debt bear Ins no Interest 5/.
Total eeourltles Issued
U. S. Gorensnent 6/..

of Section II.

Summary of Interest-Bearing Public Marketable Securities
(Par values

-

In Billions of dollars)

30)

July 195)

.TREASUPY SUE?VEY OF OWNERSHIP, APRIL 30, 1953.

Section

I -

Securities Issued or Guaranteed by the United States Governnent

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Far Taluee

-

In millloiis of

doUare)

Held tx lOToBtora oorared

TreasBry Surray

Tot«l
Ijieurezice

oon^anleB
fire,
casualty.
60ll

1/2/
Treaenry Mlla:

Eegular Series
Tai totlolpatlon Series

(taxable)
(taxable)

3, '•50

355

Total Treaaury bills
Certificates of Indebtedflese:
(taxable)
(taxable)
(taxable)

U,963
2,882

2-1/8* December 1953-A
195't-A
1-3/8 March
1955-A
1-1/2 March

(taxable)
(taxable)
(taxable)

10,5U2

I-3A
1-1/2
1-1/2

DeoeBber 1955-B
1956-EA
April
October 1956-EO

(taxable)
(taxable)
(taxable)

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

April
October
April

1957-KA
1957-EO
1958-EA

(taxable)
(taxable)
(taxable)

1953-B
1953-C
February 195lt-A

l-T/856 June

2

Aviguflt

2-l/lt

8,lll(

Total certificates of Indebtedness
Treaaury notes:
't,675

5,365

Total Treasury notes

Bank eligible:
September 1951-53
2*
December 1951-55
2
2
June
1952-5^

A

(taxable)
(taxable)
(taxable)

1952-55
1952-5^
1953-55

(taxable)
(taxable)
(partlaliy)

June
2-1
2-7/8 March
2-1/2 March

195l*-56

1955-60
1956-58

(partially)
(partially)
(taxable)

2-lA September
2-3A September
2-3/8 March

1956-59
1956-59
1957-59

(taxable)
(partially)
(taxable)

2-3/8 June
J«ae
2-3
2-1/2 December

1958
1958-63
1958

(taxable)
(partially)
(taxable)

1959-62
1959-62
196O-65

(taxable)
(taxable)
(partially)

I962-67
1963-68

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

2-1
2
2

June
December
June

A

A

2-1

A

June

2-lA December
2-3A December
2-1/2
2-1/2
2-1/2
2-1/2

June
December
June
September

1961*-69

1967-72

Total bank eligible
Bank restricted:

jj

2-1/2 December
2-1/2 March
2-1/2 March

19611-69

1965-70
1966-71

(taxable)
(taxable)
(taxable)

2-1/2 June
2-1/2 December

1967-72
1967-72

(taxable)
(taxable)

Total bank restricted
Total Treaaury bonds

at end of Section II.

3,833
1*,723

2,96U

17,2''9

80,363

life

Federal Beserre

Treasury Bulletin
.TREASUPY SURVEY OF OWNERSHIP, APRIL 30, 1953.

Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par TalueB

-

In

miUlons of dollara]

Juiy

im
.TKKASURY SURVEY OF OWNERSHIP, APRIL 30, 1953.

Section II

-

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

Treasury Bulletin
.MARKET QUDTATIOHS ON TREASOEy SECURITIES, MAY 29, 1953

Current market quotations shown here are over-the-

counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury ty the Federal Reserve BanX of New York.
The securities listed Include all public marketable

securities Issued by the United States Oovernment
Outstanding Issues which
are guaranteed by the United States Oovernment are
except Panama Canal bonds.

the market.

Quotations on ixibllc marketable securities

Issued by Federal agencies but not guaranteed by the

United States aovernment were discontinued after
March 1953. The Treasury Department publication
"Prices and Yields of Public Marketable Securities
Issued by the United States Oovernment and by Federal

Agencies", which carried dally quotations for each
month, was discontinued after February 1953.

excluded because they are not regularly quoted In

Table 1.- Treasury Bllla (Taxable)
A^^t

.

J
Juhi 195

.MAHKKT QUOTATIONS ON TFEASDRY SECUEITIES, MAY 29, 1953

Table 3.- Other Taxable Issues

-

(Continued!

.

Treasury Bulletin

.

UJ

MARKET QDDTATIOHS ON TREASORr SBCUBITIES, MAY 29, 1953

.

m?

July

.AVERAJE YIELDS OF LONG-I

Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonda by Periods
(Percent per annum)

1/2/
Annual serlea
19't2

2.1*6

191*8.

19lt3

2.U7

19'*9.

I9W

2.1*8

19^5

2.37
2.19
2.25

1950.
1951.
1952.

19"t6

1»7

-

calendar year averages

Monthly eerles
19lt9-Jan.

Feb.
Mar.
Apr.
Hay.

July...
Sqpt...

July
Aug.
Sept,
Oct..

-

ayeragea of dally aerlee

2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70

Not.

2.71*

Dec,

2.71
2.70

1950 -Jan.,

2.61*

Feb.,

2.57
2.61
2.61
2.70
2.71

Apr!!
May.,
Jime.
July.
Aug..
Sept.

Deo!!

1951-Jan..

2.71*

2.71
2.75

kj

2.98
2.93
2.96
2.93
2.93
2.9"*

2.95
2.9't

2.95
3.01
2.98
2.97

Treasury Bulletin
.AVEEA5K YIELDS OF lONG-TEm BONDS.

nriERHAL EEVENUE COLLBCTIOHS

Table 1.- Summary by Principal Sources
(In thoUBanda of doLLare)

ll

Treasury Bulletin
INTERNAL REVENUE COLLECTIONS.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Total

i

Fiscalyear
|.

Comporison first
// months fiscal
years 1952 and 1953

\

I

ill

1.

If

om

•46

'48

'50

'52

Ill
Liquor and Tobacco Taxes

mlt

mmiU
938

Estate and Gift Taxes

.aM

'40

'42

'44

'46

'48

'50

'52

Ml mj
.mTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(In

Treasury
.UTTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of Collections

'

Type of Tax 1/
doUais)

(Continued)

Balletm

July

mj
.MOHETAFY STATISTICS.

Table 1.- Money in Circulation
(In BllllanB of dollars except as noted)

Treasury Bullet i
.MOHETARY STATISTICS

Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In millions)

End of fiscal
ysar or month

July 195)

.MOKETARY STATISTICS.

Table 4.- Components of Silver Monetary Stock
(In millions of dollare)

Ireasury Bulleti

52
.M311ET.AEy

STATISTICS.

Table 6.- Seigniorage on Sliver
(CumultttlTo from January 1, 1935 - In millions of dollars)

seigniorage on silver bullion revalued 1/
Seigniorage
(silver and

Mlec. silver
(Incl. silver
bullion held
June lit, 193't)

Newly mined
silver (Proc.
Dec. 21, 1933)

Newly mined
silver (Acts
July 6, 1939,

18.5

1935
1936
1937
1938
1939

it6.1

63.7
69.5
91.7

19ltO
19'tl
19'tS
19''3

19Mt

21.5.7

1.8.7
1.8.7
1.8.7

299.6
362.3

1.8.7
1.8.7

19't5

63.6
65.3

19^6

1.8.7

19I17
IS^tS

559.2
578.7

19^9

1950
1951
1952

596.6

1*8.7
1.8.7

March
April

31.

3^.7

967.3
717.3
333.2
161.2
11*6.8

i25.lt

3^.7

123.0

833.6
833.6
833.6

31..

1,125.7
1,126.6
1,127.6

833.6
833.6
833.6

3lt.7

1,128.1.

3lt.7

1,129.2
1,130.0

61.0
60.2
57.2

833.6
833.6
S33.6

3lt.7
3l*.7

1,131.3
1,132.0
1,132.6

56.5
57.6
55.5

l,133.1t
l,13l'.2

53.9
50.0

126.7
127.1.

1*8.7

128.0

lt8.7

128.8

1.8.7

129.

i

31..7

58I..3

1,055.8
1,089.0
1,01.8.2

31..

581. .3

51.1.6

3lt.7

125.1.

Office of the Treasurer of the United States.
These Itens represent the difference between the C(
tary value of silver bullion revalued and held to

562.7
580.1.
58I..3

759.lt

3lt.7

U1..6

reel

758.8
950.6

311.7
3I..7

833.6
833.6
833.6

1.8.7

1.8.7
lt8.7

311.7

833.6

121..

696.5
697.7
700.6

530.7

508.1
616.0
705.6

.7

3lt.7
3I..7

1.8.7

691..2

397.5

31.

71..

123.8

1953 -January...
February.,

271..

1.22.1

31..

938.1
1,069.6
1,077.6
1,087.8
1,098.1

101..

.

326.2

31..

3lt.7

1952 -July

November

31*.

lt57.7

65.5
66.5

lt8.7

September.

Potential
seigniorage o
sUver bulllo

226.2
302.7
366.7

.7

8U.6
93.5

1.8.7

Total
seigniorage
on silver

820.7

65.1.

1.8.7

Nationalised
s liver
(Proc. of
Aug. 9, 193't)

833.6
833.6

31..
31..

3''.

31..

31*.

3lt.7
31*.

1,109.3
1,119.2
1,130.0

61.3

..

my

July

.CAPITAL MOVBffiWTS.

Data relating to claims on forelgnere and liabilities to foreigners, and capital movements between the
United States and foreign countries, have been collected

the data for January I95O.

Attention Is called to tne

fact that although the grand total figures on the revised

since 1975, pursuant to Executive Order 6560 of January I5,

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

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

Instances are not comparable because of certain changes In
coverage and geographical classification.

1934,

countries Is reported each month by banks and bankers and

This

The supplementsuTT Information, contained In Section IV,

Information la published regularly In the "Treasury

Is presented In three tables appearing at different times.

securities brokers and dealers In the United States.

Supplementary Information la published at less

Bulletin".

frequent Intervals.

All reports are made Initially to the

Table 1 glvea data by countries on short-term claims on and
liabilities to foreigners as reported quarterly by exporters.

Federal Reserve Banks, which forward ooneolldated figures

Importers, and Industrial

to the Treasury.

United States. This Information was published for the first

eind

commercial concerns In the

time in the October 1949 Issue of the "Treasury Bulletin"

States

and begins with data for September 30, 1946.
Table 2
supplies Information by countries on long-term claims on

domiciled outside the United States, as well as

and liabilities to foreigners as reported by banks and

The term "foreigners" as used In these reports covers
all Institutions and Individuals (Including United

citizens

)

International organizations, wherever domiciled,

bankers In the United States.

created by

This table appeared for the

treaty or convention between sovereign states. "Short-term"

first time In the December I949 Issue.

refers to original maturities of one year or less, and
A detailed
"long-term" refers to all other maturities.

end of the calendar year beginning with 1942.

gives Information on short-term liabilities 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
Issue. The data have been requested at Irregular Intervals,

discussion of the reporting coverage,

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

Revised report forms and regulations became effective with

Section

I

-

Data are for the

Table

the earliest date being October 1943.

Summary by Periods

Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thouaands of dollars;

negatlTe figures Indicate a net outflow of capital from the United States)
Analysis of net capital movement
Trans actlonj
securities

wss-in
191*3

1,286,893

3,770,922
583,373
1,168,058

191*1*

1*61,351*

11*8,591*

191*5

1,071*, 375

1,216,303

191*6

-793,321*

-733,909

191*7

331*, 163
225,1*17

395,521*

191*8
191*9

19l*,l*58

90,81*5

1950

1,757,618

1951
1952

-380, U71

586,91*8

l,2l*2,l*J*7

1,151,236

191*2

1952 -July

9,661
-11,318
-19,313
610

531,777
950,583 1/

130,036
223,373

Octolier...

-111*, 1*97

Hot ember.

BH,019
-171,939

December..

February..
March p...

889
-83,936
180,325

J^ll

288,186

p

. .

See Table 2, footnote 1.

2,023

316
-7,810
3,692

-31*,

626,731

-7,361*

27,767
210,735
-113,105

93,1*96
-1*6,617

-331*, 203

-89,055
-192,215
75,203

77,696

265,127
39,012
832
27,800

-91*,

1*30

-11*5,387

22,921*

18,890
31,078
9,323

32,893
-6,126

185,794
1*1,783

11,001
7,055

32,183

-1*8,079

33,899

-19,177
-37,972
-18,U37

l,l*J*7
:

855,51*8

1*6,599

91*1*,

318,1*90

September.

1953 -January...

1/

100,870
3,513
13,37s

8,618

-27,862

3

Treasury Bullet
.CAPITAL MOVIMENTS.

Section

1

-

Summary by Periods

Table 2.- Short-Tera Claims on and Liabilities to Foreigners

July 195)

Section

Table 4
Cm

I

-

Summary by Periods

Purchases and Sales of Long-Term Domestic Securi ties by Foreigners
of dollara; negatlre flguroe Indicate a net outflow of capital from the United States)

Treasury Bulletin\
.CAPITAL MOVBffiHTS.

Section II

-

Sommary by Countrtee

Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negatlTe figures Indicate a not outflow of capital from the llilted States)

July

IW
.CAPITAL MOVEMENTS.

Table 2.- Net
(to thouamda

Treasury BuUeiin
.CAPITAL MOVEMENTS.

Section II - Sumnary by CountrleB
Table 3.- Short-Term Claims on and Liabilities to Foreigners

July

my
.CAPITAL MOVEMENTS.

Section

II -

Summary by Countries

4.- Foreign Debit and Credit Balances in Brokerage Accounts
(Position at end of montii in thousands of dollars)

Treasury Bulletin

60
.CAPITAL MOVEMENTS.

Section III

-

Details for Month of February 1053

Table 1.- Short-Term Claims on Foreigners

.

Jttiy

mj
.CAPITAL MOVQIEBTS.

Section III

- Details for Month of February 1953
Table 2.- Short-Term Liabilities to Foreigners
(Poaltion at end of month in thousandB of dollars)

Short-term llatllltlea payalile In dollars

llatUlblllB
certlf-

tlss

96,313
131,198

Belslum
Cztichoelovakia
Denmark

1,11.2

1,132

57,079
370
7,759
2,275

1.7,1.76

10,913

61,181*

51*, 1.88

540

60,657
28,591

Germany
Italy
Netherlands

S'iiMi

191,119

552,182
53,793
286,625
221,056

2,756

75,917

196
23,768
6,033

8,1.11

121,01.9

275,000
20,000
112,116
119,215

1.6,395

256,933
201,165

56,051*

6,511.

51*9,363
1.5,380

159,519
227,968
25,l8U

370
6,926
2,275

2,679
6,257
19

931.

9,331*

17,706

2,129

25,830

763

116,938

89,21.5

26,677

Poland
Portugal

2,31.6
5l»,591

1.37U

1,871.

Spain

6,061
18,995

10,265

1.^12
9,966

93,0Wt
608,611

85,818

20,125

17,517

6,723

1.55

1*76,196

98,051.

106,01*2

96,991*

5,029

3,1*21

3,006

273

75^,350
9,680

1.51,829

271*, 312

168,218

25
9,299

8,763
33,729

25,285

Sveden
Switzerland
United Kingdom
Yueoalavia
Other Europe

"•5,321

1.70
1*10

105

l6U,83l*

7,611*

Total Europe

105,809

701.

6,852

10,396

523

937,338

1*91*, 655

13l.,025

1.1,267

35,203

,332

1,181

ll.,l67

775,752

19,251*

Latin Araerica:
Argentina
Bolivia
Brazil
Chile

li»2,6l*i»

20,155

Pepubllc of Panama. ,
El Salvador
Uruguay
Venezuela
Other Latin America.

'»5,339
1*1,213

213,
1*5,369

.

.

10,81*7
37,1*06

27,977
23,192
128,392

12,292

500
3,600

126,61*9

1,71*3

36,166

19,651*

2,787

9,203

9,077

23,595

23,321*

29,385
6,117
32,022
55,573
77,155
810, 8U8

38,287
60,930

35,579

29,1.73

11,61*1.

11,635
51,079

32,ii02

Cuba
Dominican Republic...
Guatemala
Mexico
Netherlands West Indie,
aai Surinam

8
12,931
258

36,933

37,713
30,183
35,658
61,776
17,362
18,021
81., 692

83,'»1'»

156,519
278,317

2,876

102,333
9,300
32,716
51,960
90,093
111*, 798

216,51.1

97,306

37^808

103 ,916
"
133 '

55,81.7
98,91.7

Total Latin America...

763
9,71*3

27,1*77

2,366

30,132
35,1*88

60,968
15,911.

17,625
77,61*1.

1*6,526

5,333

59,1.1*9

271*

1*7,752
3l*,531

1.1*, 1.91

33,227

1,269

59l*,98l

551., 395

21,039

19,1*26

11.2,303

Aaia;

China Mainland

28,370
29,581
31,299

27,71*0

8,1.18

71,1*31*

71,021*

29,571
30,675
25,765

39^931

75,053
60,661*

59,21*1*

1*5,091

16,360
22,738

9,050
19,519

8,920
19,505
823,385
279,517
9,803

37
35,1*61

India
Indonesia
Israel!!!!!!!!!.!!!!!!

862,81*7

Philippines
Thailand

313,709

Turkey
Other Asia

8,605
206,878

190,1*20

3,721.
1,1.18

22,011.

7,310
3,219
16,021

7,310
2,526
16,020
20,191

3"*, 067

33,586

11*9,338

11.7,1*78

6,055
176,097

l.,151
l*,323

Total Asia

Other countries:
Australia
Belgian Congo
Efeypt and AngloEgnitlan Sudan
Union of South Africa.
Other
Total other countries.
International

Grand total

51,01.9

17,1*28

33,122
68,953

59,596

l.,013
l*,l*95

9,211*
8,1*97
21.,

639

39,31.0

1.69,372

,277

21,191

36,1*21

32,961*

21.

Treasury Bulletin

- Details for Month of February 1953
Purchases and Sales of Lons-Term Securities by Foreigners

Section III

i

I

July 195J

.CAPITAL MOVBfflUTS.

Section III A - Preliminary Details for Month of April 1953
Table 1.- Short-Term Claims on Foreigners

Treasury Bulletin
.CAPITAL MOVEMERTS.

Section III A

-

Preliminary Details for Month of April 1053

Table 2.- Short-Term Liabilities to Foreigners
(Poeltlon at end of oontli In thousandB of dollars)

July 195)

CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of April 1053
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
of dollare)

Treasury Bulletin

CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countrlee
Table 1.- Short-Term Claims on and LlabllltleB to Foreigners
Reported by Nonflnanclal Concerns i/- Details for December 1952

July 195)

.CUMULATIVE TABLE OF CONTEHTS.

August 1952 through July 1053

Treasury Bulletin
.CUMULAII7E TABLE OF COHTEWTS.

August 1952 through July 1053

-

(Continued)

Apr.

United 3tatee savings bonae:
CumuIatlTo sales and redemptlooe Ijy series
Sales and redemptlooa ty perioda, all series ocmblaed.
Sales and redemptions by perloda, Series E through K..
Redenptlons of natured aol unmatured bonds
Sales and redemptions by denomlnatlono , Series E and I
Series F, O, J. and K
Salss by States, Series £ and E and Series F. 0, J, an

Treasury savings

Ownership of Federal eecurltlee:
Distribution by olaasee of Investors and types of Issues
Net market purohases or sales for Investaient accounts bandied by

Estimated ownership.

Treasury survey of ovmershlp;
Ovnersblp by banlEs , Insurance companies , and others
Ovnarshlp by ocamiierolal banjcs olaBslfled by aembarahlp In Federal
Bessrve System {latest date December 31, 1952)

Market quotations:
End-of-mcath closing quotations
£nd-of -month cloelng quotations
Chart - Tlelds of Treasury secur

Average yields of long-term bonda;
Average yields of Treasury and corporate bonds by periods.
Chart - Average ylelda of Treasury and corporate bonda .
.

.

Internal revenue colleotlone:
Sujmary by principal sources
Chart - Internal revenue oolleotlona by principal
Detail of collections by type of tax

Monetary statletlca:
Money In circulation
Monetary etoolcB of gold and silver.
Gold assets and liabilities of the
Components of silver monetary stock
Silver production In the United States and acquisitions
mlnta
and sassy offices
Seigniorage on silver
Increment from reduction In velght of gold dollar (latest date
March 31, 1953 )
gold receipts (latest quarter ending March 31, 1953).
'

Exchange Stabilization Fund (lateat date December 31, 1952):

Capital movements between the United States and foreign

countries

:

Suimnary by periods since 1935

Corporatlone and certain other truslnesB-type activities
(latest date DeceT.ber ;i, 1953):
Loans outstanding
Balance sheets
Income and expense
Source and application of funds

50
51
52

May

Jaaa

July

BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS

BONDS