Full text of Treasury Bulletin : July 1959
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LIBRARY
ROOM 5025
JUL 2 01960
TREASURY OEPARTMEIfT
*•
«,
•
.
-
LIBRARY
ROOM
5030.
JUN 23
1972
TREASURY DEPARTMENT
^^^MUILILEFm
JULV-ia5a
LIBRARY
ROOM 5025
JUL 2 01960
room' 5030
J UN 2 3 1972
TREASURY DEPARTMENT
UNITED STHTE S TRERSURV DEPRRTMENT
OFFICE OF THE SECRETRRV
The Treasury Bulletin la for sale by the
Superintendent of Documents,
U. 3. Government Printing Office, Washington 25, D. 0.
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Single copy price varies
Jithj
/9J9
Table of Contents
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
g
Cash Income and outgo
12
Account of the Treasurer of the United States..
IS
Debt outstanding
20
Statutory debt limitation
2k
Public debt operations
25
United States savings bonds
kl
Ownership of Federal securities
k^
Treasury survey of ownership of Federal
securities
4-7
Market quotations on Treasury securities
5I
Average yields of long-term bonds
5^
Internal revenue collections
5^
Monetary statistics
5^
Capital movements
62
Cumulative table of contents
73
Note: where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
Reporting Bases
The dally statement on the new basis was first issued for
Data on receipts, expenditures, and debt which appear In the
"Treaeury Bulletin" are baaed largely on two Treasury financial
reports,
the
"Dally Statement of the United States Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
United States Government," Certain monetary statistics are baaed
at least In part on the "Circulation Statement of United States
Money."
Where these statements are given as sources for InTheir respective
dividual tables, they are cited by name only.
reporting bases are described below.
Bulletin,
For other data in the
Information on sources or reporting bases Is given In
February I7, 195H.
In the deposits and withdrawals as shown, no
distinction Is made as to the type of accounts (budget,
etc.
).
cleared through the account of the Treasurer of the United States.
Total withdrawals are on the basis of checks paid or cash dis-
bursements made out of the Treasurer's account.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks Issued and are adjusted by means of
clearing accounts to the total of checks paid.
Except for
relatively minor amounts, noncash Interfund and other Intra-
connection with the tables themselves.
governmental transactions are excluded.
The monthly statement of receipts and expenditures was first
published for February 195^, and replaced the dally statement as
the primary source of Information on budget results and other
receipt
and expenditure data classified by type of account.
At the same time,
trust,
The deposits are on the basis of certificates of deposit
The public debt figures
In the dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banks.
Noncash
debt transactions are Included, however.
the dally atatement was changed to a statement
Both publications have provided
The dally statement before February I7, 195^. covered not
only transactions cleared through the Treasurer' s account but
comparative figures on their respective bases from the beginning
also certain Government agency transactions which were handled
of cash deposits and withdrawals affecting the account of the
Treasurer of the United States.
of the fiscal year 1953.
The announcement of February I7,
195^.
with respect to these reporting changes may be found In the
April 195I* Issue of the Bulletin.
The monthly statement shows all receipts and expenditures
Including those made from cash accounts held
outside the United States Treasury. The information le compiled
of the Oovemnient,
through commercial bank accounts, and Included noncash Interfund
and other Intragovermiental transactions. It provided Information
similar to that In the present dally stater.ent with respect to the
status of the Treasurer's account, and similar to that in the
present
end-of-month
Issuance, retirement,
dally statement with reef ect to debt
Receipts and
and amount outstanding.
expenditures, however, were classified by type of account, and
from reports by the Treasurer of the United States and by all
the budget results shown In the dally stateirient were used as the
other collecting and disbursing agencies, Including those agencies
basis for reflecting the results under the Presldent'e budget
which maintain checking accounts In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the transactions as compiled from these reports Is reconciled In the
program as enacted by the Congress.
monthly statement to changes In the balance
In the
Treasurer's
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Receipts were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases.
Through I'^kG they
were on the basis of checks paid by the Treasurer of the United
States.
Beginning with 19^7, expenditures made through the
facilities of the Treasury Department's Division of Disbursement
Receipts of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially on a
collections basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the basis of
checks Issued or cash payments made by disbursing officers.
Transactions of an Interfund or Intragovernmental nature are
Included on the same basis even though the actual Issuance of
checkfl may not be Involved.
Interest on the public debt is included on an accrual basis beginning with figures for June 1955
and the fiscal year 1955* Prior to that, It was Included on a
due and peiyable basis.
The same reporting basis as that In the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures In the "Budget of the United States Government."
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Department of Defense and Its predecessor
organisations, were on the basis of checks paid. Transactions
consisting of market
transactions In public debt and guaranteed securities, were as
handled through commercial bank accounts,
reported by the agencies.
Interest on the public debt was In-
cluded on a due and payable basis beginning wltb November 19^9
and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency In the money supply
of the country.
It Is Issued later than the dally statement,
however, and the figures are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
July 1959
K-l
Treasury Financing Operations
on July 15 for the one-year bills.
July Financing
On June 25, 1959, th« Trtasury Department
announoeiJ the offering at auction for oaeh eubeorlp-
tlon of two lesuee of Treasury bills.
These also were
the settlement dates for credit in tax and loan
accounts.
The issues
For the 25S-day bills, the average rate of
consisted of:
discount was '+.O75 percent; and tenders in the amount
25S-(Jay Treasury bills,
for $3.0 billion,
tax anticipation series,
of $3,005 million were accepted.
or thereabouts, dated
total were noncompetitive tenders for
July 6, 1959, and to mature March 22,
i960; and
One-year Treasury bills for $2,0 billion, or
thereabouts, dated July 15, 1959, and to
mature July I5, i960.
$U-00, 000 or
less aggregating over $331 million which were
accepted in full at the average price of accepted
competitive bids.
For the one-year bills, the average rate of
discount was
The offering of one-year bills was the third
step in the Treasury program to establish a pattern
of one-year bill maturities on quarterly dates in
January, April, July, and October.
The tax anticipa-
tion bills will be accepted at face value in payment
of income and profits taxes due on March 15, 196O;
to the extent they are not presented for this purpose
the face amount will be payable without interest at
Included In the
'4-.72S
percent; and tenders in the amount
of $2,000 million were accepted.
The amount included
noncompetitive tenders for $400,000 or less totaling
over $1S6 million which were accepted in full at the
average price of accepted competitive bids.
13-Week and 26-Week Bills
Regular Issues of weekly Treasury bills during
June totaled $6.6 billion, an amount equivalent to
maturity
The four
the maturing 13-week and 26-week bills.
lit.
billion
to
amounted
bills
7
91-day
Issues
of
new
Tenders for the 25S-day bills were opened on
July 1 and for the one-year bills on July S. Tenders
were received without deposit from Incorporated banks
and the four new issues of 122-day 1411s to $1.9
Each 91-day Issue was for $1.2 billion
billion.
except that of June ^ which was for $1.1 billion.
and trust companies and from responsible and recognized dealers in investment securities. Tenders from
The lS2-day issues were for $0.5 billion each except
Average
that of June ^ trtiloh was for %0.h billion.
others were required to be accompanied by payment of
rates of discount on the new bills were as follows:
2 percent of the face amount of Treasury bills applied
for unless the tenders were accompanied by an express
guiuranty of payment by an incorporated bank or trust
company.
Tor both issues, any commercial bank qual-
ified as a depositary was permitted to make payment
for the bills allotted to itself and its oustomere
by credit In its Treasury tax and loan account up
to the amount for which it was qualified in excess
of existing deposits.
Payment by others of accept-
ed tenders at the prices offered was required to be
made or completed in cash or other immediately
available funds on July S for the 25S-day bills and
13-week
(Additional amount of bills of
original maturity of 26 weeks)
Mj
1959
SUMMAKf OF FEDKRAL FISCAL OPKRATIONS
..
.
.
,
.
Treasury Bulletin
.BUTOET RECEIPTS AND EXPEMDITURES.
Table 1.- Receipts by Principal Sources
(In mllllona of dollars)
Internal revenue l/
Inoome taxes
Fiscal year
or iDonth
Corporation
2/
BoployiDent taxes
Total
Not
vlthbeU
Withheld
Income
i/
tajCBs
2/i/
For old-age
and disability Insurance
i/i/
1951
1952
1953
195^
1955
2U,2l8
32,826
33,012
10,7't7
21,523
18,265
10,396
13,535
18,521
21,351
21,635
21,25U
37,753
1956
1957
1958
21,299
21,531
20,533
11,322
12,302
11,528
2U,012
26,728
27,0Ul
56,633
60,560
59,102
1959 (Eat.)...
i960 (Eat.)...
17,650
12,100
13,100
28,700
31,900
58,U50
8,22lt
2S,0lt8
67,olt8
10,216
1958 -J ulj
August. .
Septemter
1.79
258
316
2,267
123
3, '•76
1,815
2,093
1,931
3,915
6,176
338
1,032
SOU
371'
162
1,225
1,762
319
2, It 19
91.
3,6'tl
It, 0511
373
2,139
U,932
365
7U7
397
3,368
5,563
October.
November.
December.
1959 -January..
U2U
February .
March.
362
5,459
April
May
477
ilO
1959 to date..
13,305
51,31*7
5l',363
53,906
''9,915
1,195
1,99610/
gkBlQ/,
846
725
4,356
2,213
3,033 10/
617
10, QU
For rail- Ptor unroad re- employment
tirement Insurance
6/
5/
969
4,196
26,450
10,'
8,397
4,478
5,223
49,799
3,120
3,569
It, 086
't,537
5,3lt0
6,337
6,6311
7,733
578
735
620
603
600
23lt
63U
616
575
325
330
336
560
575
259
277
285
280
Excise
taxea
2/
Estate
and sift
taxes 2/
Total
employment
taxea j/
9,te3
9,726
10,825
lO.OlU
3,931
1,562
't,983
5,lt25
9U5
936
6,220
9 8/
7
9,2U
7,296
7,581
1,171
10,00lt
l,3-j«
8,6iiU
l.Ull
10,638 2/
10,8lU
15
7
332
9,U6
11,135
1,380
1,U30
10,687
3ltlt
10
19
355
1,105
5U9
113
926
908
912
103
82
103
95lt
-1
811
-1
113
8it7
107
17
72
1
1
21
68
1
386
816
Ult
1
itUl
2671a/
lit
949
799
540 10/
1,417
71
39
261
43
15
321
1,281
857
132
906
927
16
70
1
1
558
1,488
179
130
1,020
480
323
8,158
1,249
9,917
1
1
5
11,9111
It It
7,355
Toiea not
otherwise
classified
2/
95
92
853
852
Deductions from budget recelpta
MlBcellaneoua
recelpta
1/
Fiscal year
or month
Total
budget
receipts
Transfers of tax receipts to
FOASI
Trust
Fund
u/
1951
62ll
1952
1953
551
613
562
606
195lt
1955
1956
1957
1958
800
1959 (Eat.)...
i960 (Est.)...
858
918
705
75lt
1958 -July
Ai^ust.
72
67
.
5,0lt01^
3,006
2,7^9
3,196
78,820
83,675
83,9711
6,337
6,301
6,870
333
863
3,09''
83,591*
7,351'
870
3,3115
95,826
9,276
9I1O
3,62U
6,280
301
917
37
115
8,U9
1150
3,lili6
22U
191
316 il/
72,61t9
W
Total
Internal
Revenue
refunds
lU/
2,082
2,275
3,095
3,3U5
3,U00
575
738
620
603
599
15
18
17
20
22
9
9
2,107
2,302
6
11
3,U8
U
3,377
3,U26
63U
616
575
3,653
3,89U
U,U13
23
1,U79
2,116
18
3,68U
3,917
U,U33
560
575
2,130
2,906
U,659
5,009
18
18
U,68o
5,029
17
72
UU
177
206
188
lUU
2
5"t
20
1U7
129
3
133
ITS
2
175
110
2
112
2
2
2
6U
October.
November
December
82
160
72
78
llt5
5,979
325
663
ko
85
21
68
180
198
itlti
6,8li8
353
Ult
uu
16U
62
76
70
89
231
224
318
11,956
2li2ifl/
25 10/
98
lU
71
172
182
373
2
1
43
152
1,299
2
85
89
223
16
148
2
202
6,375
8,155
2
1,412
1,030
854
2,675
72,657
22
4,726
March.
.
. .
1959 to date..
,
8,152
10,722
851
718
-2712/
481 10/
1,274
U3
70
2U
1,410
1,028
6,574
781
480
1,980
4,702
59 12/
Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of recelpta and expenditures of the Government ( for explanation of reporting baaea
see page II); estimates are frcan the I96O Budget dociment, released
January 19, 1959, and supporting data. Including effects of proposed
legislation.
For further detail, see tables under "Internal Revenue Collectiona."
Breakdown waa not made in the dally Treasury statement and the
monthly statement for years prior to 195U
Beginning January 1951, the distribution of recelpta between individual
income taxea and old-age and disability Insurance taxes Is made in
accordance with proviaions of Sec. 201 of the Social Security Act,
as amenied (U2 U.S.C. UOl), for transfer to the Federal Old-Age
and Survivors Insurance Trust Fund (see footnote 11), and after
December 1956 also for transfer to the Federal Disability Insurance
Truat Fund (see footnote 12).
Source:
^
69,11511
53,369
67,999
Retirement
Account
Befunda of receipts 15/
Highway
Trust
Fund
75
April
May
1/
73,173
3,120
3,569
It, 086
It, 537
1,639
1,81U
1,865
2,311 8/
2,559
Ral Lroad
September
1959 -Jan UO17..
February.
2/
Federal Disability Insurance
Trust Fund
22/
h
-26
374
1,301
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and, beginning with
the taxable year 1951, tax on self-employed Individuals under the
Self-Bnployment Contributions Act, as amended (26 U.S.C. IUOI-IU03).
The Social Security Act Amendments of 1956, approved August 1, 1956,
Increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, I956, to provide for dieabillty Insurance ( see footnote 12 )
5/ Taxes on carriers and their employees under the Bailroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of U or* more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was imposed on employers of 8 or more.
Remaining footnotes on followlr^ page.
U/
Juhj
IWt
.HnXJET RECEIPl'S AND KXPBa«)miRES
Footnotes to Table
7/
8/
2/
10/
11/
12/
/
Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the I960 Budget document, Special
Analysis L, includes them in employment taxes through 1952. Beginning 195A the contributions are credited direct to the trust account.
For amounts of the contributions included in budget receipts, see
"Treasury Bulletin" for February 195i, page 7.
In the I960 Budget document. Special Analysis L, taxes not otherwise
classified are included in miscellaneous receipts.
Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote 1^).
Figures shown include adjustments (see footnote 11) as follows: In
January, decreases in income tax of $82 million withheld and $7
million not withheld, and increases in transfers of $83 million to
Federal Old-Age and Survivors Insurance Trust Fund and $5 million
to Federal Disability Insurance Trust Fund; in April, increase in
income tax withheld of $129 million and decreases in income tax not
withheld of $2 million and in transfers of $1U million to Federal
Old-Age and Survivors Insurance Trust Fund and $13 million to Federal
Disability Insurance Trust Fund.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (^2 U.S.C. AOl fa)). Beginning
January 1951, the amounts transferred currently for appropriation
to the trust fxxnd are based on estimates of old-age insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec, 201 (a) of the Social Security Act, as amended
(i,2 U.S.C. i.Cl (a)), and are adjusted in later transfers on the
basis of wage and self-employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is reimbursed to the general fund by the trust fund.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
The act appropriated to the trust fund amounts
(42 U.S.C. 401 (b)).
equivalent to specified percentages of the wages and self-employment
income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
time to time to the trust fund on the same basis as transfers to
Rates of
the Federal Old-Age and Survivors Insurance Trust Fund.
tax were increased by the percentages appropriated to the Federal
1^/
15/
16/
VjJ
18/
*
4/
^
^
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956.
Excludes the Government's contribution for creditable military
service (45 U.S.C. 228c-l (n)i. Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes
under the Railroad Retirement Tax Act deposited in the Treasury,
less refunds, during each fiscal year (65 Stat. 222 and 66 Stat. 371),
and transfers are made currently.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) established a Highway Trust Fund from which are to be made, as
provided by appropriation acts. Federal-aid highway expenditures after
June 30, 1956, and before July 1, 1972. The act appropriated to this
fund amounts equivalent to specified percentages of receipts from
certain excise taxes on motor fuels, motor vehicles, tires and tubes,
and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis
of estimates by the Secretary of the Treasury with proper adjustments
The use tax was imposed by the
to be made in subsequent transfers.
act and rates were increased for the other taxes. Previous to the
fiscal year 1957 corresponding excise tax receipts were Included in
net budget receipts, and Federal-aid highway expenditures were included In budget expenditures.
Interest on refunds Is included In expenditures in Table 2.
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 11).
Includes $139 million increment from reduction in the weight of the
gold dollar, which had been allocated for payments to Federal Reserve
Banks for making industrial loans, and was returned to the Treasury
pursuant to Public Law 85-699, approved August 21, 1958 (72 Stat.
698). The unused portion of the allocation, $112 million, was
transferred from the trust account in which it had been held; the
$27 million which had been advanced to Federal Reserve Banks was repaid into a special fund, from which it was appropriated to the Small
Business Administration to be available for grants under section 7
See also "Trust Account
(d) of the Small Business Act, as amended.
and Other Transactions," Table 2, and "Monetary Statistics," Table 6
(published quarterly).
Net of reimbursement of $83 million from the Federal Old-Age and
Survivors Insurance Trust Fund for tax refunds (see footnote 11).
Less than $500,000.
12/
Footnotes to Table 2
Footnotes 1 through 3 follow Table 2 on page 4.
Totals Include allowances for contingencies of $200 million for 1959
and $100 million for I960.
Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
Monthly figures shown will not add to the fiscal year cumulative
because prior to December they do not reflect the shift of the
former Civil Aeronautics Administration and the Civil Aeronautics
Board from "Commerce Department" to "Independent Offices," pursuant
to the Federal Aviation Act of 1958, approved August 23, 1958
(Continued)
-
1
2/
8/
a/
10/
-
(Continued)
(Public law 85-726), but the cumulative figures have been adjusted
to reflect it from the beginning of the fiscal year.
Beginning 1955, consists of net expenditures of the Postal Fund, reflecting the change in classification of Post Office transactions to
a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
Includes $1,375 million for investment in International Monetary Fund,
Usa
than $^00,000.
7
.
.
.
...
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITUEES
.
Table 2.- Exptendltures by Agencies
(In mllllona of dollars)
Fiscal year
or month
1953
195^
1955
1956
1957
1958
LPKlslstlve Judi6iar/
branch
61
59
65
85
97
99
27
28
119
7'»,2T''
67,772
61t,570
66,5ii0
69, ''33 2/ i/
71,936
80,871
77,030
1959 (Eat.)
i960 (Eat.)
1958-Julj
August.
September.
.
.
October. .
November.
December.
1959 -January.
February
li/
y
U9
51
70
75
'•,192
3,7l'5
6
10
''53
''3
37
31
32
811
807
31
77
374
25
153
283
5
4
4
366
4
328
3
293
O
1.18
35
3
y
7,31.1
6,1.50
15
26
8
7;,066
1,061.
736
784
760
u
105
.
6I.5
U28
Ull
332
274
3
U
U
L
i.,875
2l»
b
10
5,177
5,006
199
766
718
801
U
8
11
6,A27
6,164
-23
337
315
369
10
April
May
570
37
7,l'il»
i,
523
Ii25
3''
6,237
7,080
10
3,648
318
Military
functions
ClvU
functions
1.3,611
1.0,336
813
605
1955
1956
1957
1958
35,532
35,791
38,U39
39,062
51.8
1959 (Eat.)....
i960 (Eat.)
U0,8OO
1953
1951.
1.0,91.5
573
639
733
769
853
1958- Julj
August.
September
3,175
October.
November.
December.
3,817
3,171
3,7U9
88
66
55
50
March
3,316
3,212
3,440
April
May
,464
3 ,243
64
66
.
.
.
1959 -January...
February .
1959 to date...
3,211.
3,1.76
3
37,276
1.3
102
711
625
810
85
71
26
150
124
167
821
637
A23
21.
1,018
326
8,509 6/
U76
6U6
530
803
50
89
29
31
Defense Department
Fiscal year
or month
1,063
1,000
1,077
1,293
562 2/
1»,636
7U9
766
628
I4
March
3,217
2,915
Commerce
Department
385
-615
129
39
271
309
5
11
9
5
Agriculture
Department
9,U56
9,UU3
12
U
1,107
806
973
1/
l.,08l
6,613
6,198
6,633
7
6,1.73
Uli
3
.
6,905
U.llS
8
1959 to date
5,782
5,282
10
10
11
U
Houalne
and Home
Finance
Agency
tration
"•,381
'<,'»73
General
Services
Adminis-
Independent
offices
6,791
6,982
7,707 i/
8,305
6,776
6,331
6,A61
.
.
9
9
9
30
37
39
152
Funds
appropriated
to the
President
Executive
Office
of the
ftveldent
72
76
45
21
36
37
6,662
352 6/
Treasury Department
Health,
Education,
and
Welfare
Department
Interior
Department
Justice
Department
Labor
Department
Post
Office
Department 2/
171
300
355
71.
83
62
798
873
12
51.
368 1/
879
7,21.1.
57
71.8
7,607
71.
22
22
26
25
U12
1.63
211.
U18
567
671.
562
752
109
277
2U3
7,500
8,000
92
87
22
lOU
156
52
61.2
6
20
20
109
112
69
107
21
21
571.
1.
578
5
27
11.3
53
21
18
76
3'.
7
6
20
51.
3
18
18
600
607
19
19
11.1
50
56
58
20
43
78
38
3,051
3,11.0
809
757
252
259
2U6
72
21.2
71
86
266
250
236
76
6U
51.
276
266
269
280
289
U8
61
46
61
2,832
56
6,501.
6,382
6,370
6,787
391.
229
77
271
182
216
183
1,007
518
61
61.
5
23
15
675
630
5
16
649
652
51
20
26
39
103
6'.0
689
231
949
738
6,904
Source:
Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the i960 Budget docijiient, released
January 19, 1959, including effects of proposed legislation.
Note: Flgurea In this table are for agencies aa constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are ccmparable over a period of time. For expenditurea
Agency ahlfts are
by functlona on a consistent basis, see Table 1.
reflected In this table as follows: Beginning 1955, Federal Home Loan
Bank Board from "Ho'islng and Home Finance Agency" to "Independent offices,
and Reconstruction Finance Corporation as indicated In footnote 1: beginning 1957, Alaska Road Construction from "Interior Department" to
"Commerce Department," and Federal Intermediate credit banJis and production
credit corporations as Indicated In footnote 3; beginning I958, Federal
Facilities Corporation (remaining functions) from "Treasury Departnwnt"
to "General Services Administration," and Informational Media Guaranty Fund
from "Fluids appropriated to the President" to "Independent offices";
beginning 1959, Federal Civil Defense Administration from "Independent
offices" to"Executlve Office of the President"; and beginning December 1958
(except that estimates are for the full fiscal year), the former Civil
Aeronautics Administration and the Civil Aeronautlca Board from "Conmierce
Department" to "Independent offices,"
.
**
.•'I
District
of
Colimbla
On
refunds
of taxes
156
136
1U2
179
206
587
535
515
512
572
666
211.
On
public
debt 6/
659
312
356
1,920
1,981
1,993
2,071
2,295
2,6U5
32
63
62
State
Department
5
765
2,186 10/
813
13
38
1.2
76
8
65
80
15
1
55
65
57
68
60
6
66
4
7
64
73
31
Reconstruction Finance Corporation Is Included under "Independent
offices" throi^h I95I., and under "Treasury Department" beginning
1955, except functlona transferred to Export-Import Bank, Federal
National Mortgage Association, General Services Administration,
and Small Business Adjnlnlstratlon. The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and Its remaining functions were transferred to the Housing and
Home Finance Admlnlstrstor, Admlnletrstor of General Services,
Administrator of Small Bualness Administration,- and Secretary of
the Treasury.
2/ Beginning 1957, Federal aid for highways la excluded fl-om budget
expenditures and Included in trust account expenditures (see
Table 1).
\j Effective January 1, 1957, the production credit corporatlona were
merged in the Federal intermediate credit banks, pursuant to the
Farm Credit Act of I956, approved July 26, I956 (12 U.S.C. 1027),
and operations of the merged agencies (as mixed -ownership corporations) were classified as trust enterprise funds (see "Trust Account
and Other Traneactior\s," Table 3); previously the operations of the
banks and the corporations, respectively, were classified as public
enterprls" funds and were included net in budget expenditures.
Remaining footnotes on page 3.
1/
July
IW)
.BUDGET RECEIPTS AND EXPENDITUEES.
Table 3.- Sumnary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of Hay 31, 1050
(In alllloDB of dollaraj negative flgurea are deductlonG fe the coIumdb Id which they appear)
Agency
Unexpended
balances
brought
forward
July 1, 1958
Additions , fiscal year 1959 to date
Increases
Appropriations
1/2/
Legislative Branch
>
Tha Judiciary
Executive Office of the Prealdent
Fund 3 appropriated to the Prealdent
Independent offices
General Services Administration
Housing and Homo Finance Agency
Agriculture Department
Coimnerce Department
Defense Department
Military functlona
Civil functions
Und i Btributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
S tate Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclasaif led expenditure transfers
3
119
48
55
3.454
9,374
497
189
5,261
465
366
,167
,862
372
32,,088r
286
3U
25
3,454
9,539
497
150
15
6
51
688
4
246
5,953
1
3
469
41,121
865
41,121
865
3,340
766
250
945
1,916
566
610
249
8,396
45
33
33
98
Expend itureo
(net)
Onexpended balances May 31, 1959
Raacisalona
cancellations,
and other
adjuatmenta
^
29
96
Undisbursed Unused
authorizations
approto expend from
priations
debt receipts
Unfunded
contract
authorizations
Investment a
held
2/
,645
,509
65
326
8
,018
,662
194
1
352
5
57
5,368
3,935
530
242
828
421
8
57
335
8,880
7,160
3,286
128
371
1,146
653
680
63
35,896
471
«
«
tt
1,451
365
2,832
6«9
231
949
738
2
1,453
80
U6
U
245
333
245
333
lU
lU
233
7,692
31
5,70»
13,313
530
9,201
4,152
484
39
35,896
471
37, 287
Total 2/
168
106
8
53
-26
81
846
75,675
26
3,340
790
250
24
566
610
249
8,396
628
460
Agency
Total
V
55
55
,895
,323
Transfers,
borrowings.
Investments
Total
-17
Deductions, fiscal
year 1939 to data
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to tha President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
I^bor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
Other
authorizations
136
48
173
72,052r2/
Total
Authorizations
to expend
from debt
receipts 4/
819
48
2,789
51,281
22,U9
3,608
48
10/
72,066
Source: Bureau of Accounts. Details for the current fiscal year to date
are shown In Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances".
Includes same categories as shown at end of current period.
Although
not expended, a substantial portion of those amounts is
i^
obligated for outstanding purchase orders and contracts for equipand
aupplles, for payrolls, and for similar items.
ment
1/ Includes reapproprlations.
Consists of authorizations by law for Government -owned enterprises
to borrow (1 ) from the Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate either
current or prior contract authorizations.
6/ Consists of transfers between appropriations; net borrowings from,
or repayments to (-), the Treasury and the public under authority
to expend from debt receipts; and net investment in, or sale
313
2/
8/
2/
10/
*
1,520
1,024
76,274
of (-), public debt securities and certain guaranteed securities
issued by Government enterprises.
Supplemental appropriations of $10,000 for legislative Branch,
13,065,000 for Depertment of the Army, and $621 for Department
of Health. Education, and Welfare made in fiscal year 1959 to
cover dartcienciefl in prior year are treated in the Budget as
unexpended balances broxight forward July 1, 1958, and are so treated in this table.
Consists of transfers to, or restorations from (-), tha surplus
fund; rescissions, cancellations, or adjustments of borrowing
authority and contract authority; capital transfers to mlicallaneouB receipts; and other adjustments.
Public debt securities and certain guaranteed securities Issued
by Government enterprises.
Represents difference between monthly statement figures (based on
preliminary reports) and final accounts of disbursing officers.
Revised; see footnote 7.
r
Less than $500,000.
:
.
Trcasurii Bulletin
.BUICET EECEIPTS AND EXPENDITURES.
Table 4.- Expenditures and Balances by Functions
(yiBcal yeare; In mllllona of dollflre)
1959 through May
rmction
code
195^
1955
1956
W,336
35,532
1,857
38,1.39
1,895
1,0115
91.1.
1957
1958
Expenditures
37,287
2,327
304
2,020
nifliber
Major national eecirltj:
06l
066
067
068
Hill tar; defenae
DerelopDent and control of atomic energy
Stoclcplllng and defense production expansion
Military aealetance
Total major national security
3,629
2,292
35,791
1,651
588
2,611
2,352
39,062
2,268
625
2,187
It6,90lt
1.0,626
1.0,61.1
1.3,270
lll.,11.2
41,939
130
1,511
91
121
1,960
100
120
1,616
111
157
1,686
176
1,909
133
11*9
210
1,775
122
1,732
2, 181
1,81.6
1,976
2,231.
2,107
1,990
1.90
International affaire and flpapce:
Coodwt of foreign affairs
151
152
Economic and technical development 2/
Foreign Information and exchange activities
153
Total International affaire and finance
Veterans* aervlces end benefits:
Veterans' education and training
Other veterans' readjustment benefits U/
Veterans' compensation and pensions
Veterans' Insurance and servicemen's Indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
^
101
102
5I16
661*
158
103
lOU
105
106
2,li82
150
2,681
100
782
168
57
727
178
'',256
211
277
212
213
2IU
215
216
217
1,1'39
Total veterans' services and benefits
123
126
699
168
2,798
105
788
767
2,870
,101.
1*7
1.3
176
801
175
856
156
2,994
34
845
181
l.,l.57
i>,756
l*,793
5,026
4,700
328
1,U28
275
1.75
1.00
1.58
1,1*57
1,558
351
279
1.69
493
1,820
648
355
771*
2
Labor and velfare
lAbor and manpower
Public assistance
Promotion of public health
Promotion of education
FrcBotlon of science, research, libraries, and muaeisos 6/
Correctional and penal institutions
Other velfare aervlces and administration £/
^
290
1,797
5U6
315
33
53
56
U4
28
137
31
171
71
32
203
72
26
1U7
31*
225
36
206
2,1.85
2,575
2,821
3,022
3,1.1*7
3,701
351
352
1,689
256
3,1.86
3,1*30
217
201.
3,151
239
297
5,022
353
35^
253
1U2
291
173
3,900
231
217
305
215
2,557
U,389
U,868
U,526 2/
1,056
117
37
38
935
37
803
138
38
1.3
1.5
33
35
35
Total labor and velfare
290
273
32I1
Agriculture and agricultural resoiirces:
Stabilization of farm prices and farm Income 2/
Financing farm ownership and operation 8/
Financing rural electrification and telephonea
Conservation and development 2/
Research, and other agricultural services 2/
355
Total agriculture and agricultural resources
236
227 2/
267
375
227
291
255
291
486
258
'•,389
6,348
1,138
1,025
187
66
31.
kk
35
925
162
62
51
59
38
1.3
49
1,315
1,202
1,101.
1,296
1,51.3
1,469
370
586
275
312
37
31.9
1.20
6U7
253
356
783
1*0
295
518
392
31
uou
395
27
251
56
U
-1.01
1.U8
Natural resourcea:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
UOI
U02
development of land and vater
development of forest resources
development of mineral reaourcea
development of fish and vlldllfe
of natural resources
surveys and administration
Total natural resources
I1O3
UOU
U05
It 09
•
U8
171*
59
60
69
63
79
Conmerce and housing !
Promotion of vater transportation
Provision of highways
Promotion of aviation and space flight
Postal service
Community developnent and facilities
Public housing programs
Other aids to housing 11/
Other aids to bualnese 12/. *...
Regulation of comoerce and finance
Civil and defense mobilization
Disaster Insurance, loans, and relief 13/
511
512
513
Silt
515
516
517
518
519
520
521
U63
365
10/
U9
60
-60
671.
78
51
574
738
80
68
941
118
-U5
31
-11.2
270
-330
JiOU
19
-83
59
228
115
1.5
38
Ul
1.5
1*9
63
1
1.5
58
12
1.3
65
21
21
54
43
4
817
1,50U
2,03.0
2,109
3,042
601
602
603
U9
29
8
60
31
77
38
9
90
88
1*0
10
601.
1.U9
1.31
1*75
1*76
UU
10
502
82
43
11
522
605
606
607
608
609
610
155
93
26
160
53
213
161.
16I*
191.
239
115
331*
31*
627
38
187
11*0
25
157
67
39
199
71.
73
Total commerce and housing
1,1*55 10/
66
General government:
Legislative functions
Judicial functions
Executive direction and management
Federal financial management
General iiroperty and records management
Central personnel management and employment coata
Civilian weather services
I^otective services and alien control
Territories and poseesslons, and District of Colisabla..
Other generel government
Total general government
Footnotea at end of table.
.
1,235
9
258
525
43
139
238
51
20
199
81
24
1,199
1,627
1,787
1,356
1,788
{Continued on following page)
188
69
July 1959
-BUDGET KECEIPTS AND EXPENDITURES,
(Continued)
Table 4,- Expenditures and Balances by Functions
{FlBcal years; In mllllona of dollars)
1959 through May
Function
code
1956
1955
195*
1957
1958
Expenditures
niaiber
Unexpended
balances end
of period
1/
Interest:
Interest on the public debt....,
Interest on refunds of receipts,
Interest on uninvested funds....
Total Interest
651
652
653
6,382
6,370
6,787
7,2Ult
7,607
83
5U
6
57
6
7U
6,904
60
9
596
32
5
62
5
6,U70
6,U3e
6,8U6
7,308
7,689
6,973
628
71,936
72,066
76,274
undistributed
Total net budget expenditures....
67,772
6I1
Source I Expenditures for 1959 to date are from reports to the Treasury
Department by disbursing officers, on the monthly statement reporting
basis (see page II). They are classified in accordance with the
classification used in the 1960 Budget document. Special Analysis L,
as nearly as can be done on an individual appropriation and fund item
Prior year figures are from the same source but have been adbasis.
Bureau
justed below the appropriation level in some instances by the
year classof the Budget for use in the Special Analysis. Where current
ifications differ on this account, they are footnoted. Revolving fund
transections are Included net in the expenditures.
1/ For description of items included see Table 3. Although not expended,
a substantial portion of these amounts is obligated for outstanding
purchase orders and contracts for equipment and supplies, for payrolls
2/
2/
Ij
V
6/
and for similar items.
See footnote 7.
Expenditures for 1959 include those made from "Readjustment Benefits,
Veterans' Administration," applicable to functional code 102.
See footnote 3.
See footnote 6.
Expenditures for 1959 include those for promotion of education in
science made from "Salaries and Expenses, National Science Foundation,"
applicable to functional code 2Li.
,570
u
8/
2/
10/
^^,
11/
12/
ii/
66,5U0
69,U33 2/ 10/
Expenditures for 1959 include those for emergency family relief to
friendly peoples, applicable to functional code 152; for special milk
program - restoration of capital Impairment, applicable to functional
code 217; for loans to Secretary of Agriculture for conservation
purposes, and soil bank program - conservation reserve, applicable to
functional code 354; and for animal disease eradication activities,
and grading and classing activities, applicable to functional code 355.
These expenditures were made from "Commodity Credit Corporation Capital
Fund."
Expenditures for 1959 include those for farm housing made from "Loans,
Farmers' Home Administration," applicable to functional code 517.
For shift of Federal Intermediate credit banks from budget to trust
account classification effective January 1957, see Table 2, footnote 3.
Excludes Federal-aid highway expenditures, which are made from the
Highway Trust Fund beginning with 1957 (see Table 1, footnote 14);
corresponding expenditures for previous years are included in budget
expenditures.
See footnote 8.
Expenditures for 1959 include those for disaster loans and relief made
from "Revolving FVnd , Small Business Administration," and from
"Reconstruction Finance Corporation Liquidation Fund, Small Business
Administration," applicable to functional code 521.
•
Less than t500,000.
See footnote 12.
.
..,
.
..
e
.
,
Treasury Bulletin
-TRUST ACCOURT AHD OTHIB TRAHSACTIOIS.
Table 1.- Sumnary of Trust Account and Other Transactions
(In alllloDe of dollar
Fiscal yeeaor month
Net receipts, or
expendlturee (-),
from trust account
and other traneactlona
1951
679
1952
1953
".35
Net receipts, or
expenditures ( -)
328
231
1955
1956
1957
1958
1959 (Est.)....
i960 (Est.)....
1958 -July
August. .
September.
.
1959 -January...
February.
March
April
May
Expenditures
7,796
8,807
8,929
9,155
9,536
,952
5,169
6,769
8,51.5
Net sale, or redemption
(-), of eecurltlea of
GoTemiaent agencies In the
market
-3,557
-3,636
-3,301
3,91.5
I.
384
-72
-25
-2,051.
-k
-1,362 i/ 2/
1/
6oe
2,250
11,685
9,1.35
195
633
l,i.09
111,369
16,329
12,959
16,068
-2,617
-2,300
-197
173
.,065
262
17,585
18,881.
388
-182
-1,299
218
20,1.77
20,259
-956
277
556
-376
-675
1,U1
1,786
1,U12
1,397
-1.70
8I>
5''3
-200
-511
1,956
885
-81.
-572
1,025
352
-37
-21.8
177
1/
1,1.86
1,597
1,310
1,171
1,1.19
567
-31
10
330
i/
311.
-3
519
-32
212
239 1/
-37
-88
-81
-1,121.
1,883
1,462
1,451
-k
47
-70
57
-130
759
1,637
1,322
1,01.7
279
-194
-U
-603
1,302
1,053
2,479
491
-960
78
74
1,905
1,426
175
Actual figures throi^ 1952 are from the dally Treasury statement and thereafter from the moQthly statement of receipts and expenditures of the Government (for explazuitlon of reporting bases, see
page II); estimates are from the I96O Budget docinent, released
Jnnuary 19, 1959, Including effects of proposed legislation.
Ittider a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Govemment-epoasored
enterprises are Included in deposit fund account expenditures (net)
Source:
1/
Net sale, or InTestaent
(-), by GoTemioent
agenolea In public debt
securities
-1911
.
October.
November .
December.
Receipts
3,852
3,855
3,760
2,386
991 1/
l't7
19^
)
Truet and deposit fund accounts
1^
6
1
and excluded fVca net iHTestznent by Govemnent agencies In public
debt eecurltlee (see Table It) and Trca net redemption or sale of
obligations of GoTemaent agencies In the marlcet (see Table ^).
rigvo-ee preTloualj published for the fiscal year 1955 have been
revised to the nev classification basis.
Includes guaranteed securities beginning 1955 (see Table U)
Differs from monthly statenient of receipts and expenditures for
December 1958 becaui»e of error in classification In that statement.
Table 2.- Trust Account Receipts
(in millions of dollars)
Pederea Old -Age
and euTTlTors
Insurance Trust
fund
Fiscal year
or month
1951
1952
7,796
8,807
8,929
9,155
9,536
1953
1951.
1955
1956
1957
1958
11,685
11.
,369
16,329
Federal
Disability
Trust Fund l/
Unemploy-
aent
Trust
Fund
3,932
1,542
1,643
I.,5l6
742
5,080
5,586
737
700
1,591.
1,1.92
7,003
7,159
7,900
339
739
723
943
other truet
accounts
649
608
640
69
67
1,025
1,397
1,458
2,134
1,905
2,018
647
659
65
62
1,722
1,682
2,143
2,912
40
39
36
3
1
116
159
110
177
206
188
40
35
34
2
152
117
137
180
199
171
69
1
47
38
42
3
27
38
133
172
182
152
39
37
2
125
149
92
2
136
2U
42
1958 -July
Ai^ust. . .
September
1,111
1,956
885
427
934
469
38
130
55
141
99
73
349
37
October.
November
December.
1,025
430
1,171
684
569
41
97
58
22
1,1.86
759
1,637
1,322
307
891
745
26
109
16
March
83
45
33
April
May
1,302
2,479
649
1,289
59
160
19
72
168
Source : See Table 1
1/ See "Budget Receipts and Expenditures," Table 1, footnote 12.
See "Budget Receipts and Expendlturee," Table 1, footnote 14.
Includes District of ColiAbla receipts from taxes and from
Federal contributions, loans, and grants; Indian tribal funds;
Increment resulting from reduction in the weight of the gold
dollar; and the Railroad Uiemploynent Insurance Administration
Fund for the period 1954 thro\«h November 1958 (see Table 7
funds
Highway
Trust
Fvnd
2/
1,728
1,912
1,855
1,008
962
2/
i/
eBq>loyeee*
695
984
1,056
.
retirement
1,425
8,438
10,457
1959 -January...
February
Federal
Life
Insurance
P^nd
86
87
79
78
78
20,1.77
.
GOTerment
684
786
637
619
590
1959 (Est.)...
i960 (Est.)...
17,585
Rational
Serrlce
Life Insurance Pixid
678
850
3,1.11
it/
Rallxoad
Retire-
Itasurance
44
90
249
69
45
112
39
187
73
527
4/
^
73
3
2
2
2
850
545
912
597
401
457
449
961
691
708
122
116
1,482
467 4/
681
638
673
670
69
62
-54 5/
34
44
36
for treatment thereafter, and "Budget Receipts and Expenditures,
Table 1, footnote 7 for treatment prior to 1954).
Does not include donation of public debt eecurltlea amounting
to $45,800 (par va^ue); see also Table 4.
Net of transfer t(3 miscellaneous budget receipts of $112
million unallocated increment from reduction in weight of the
sold dollar pursuant to Public Law 85-699, approved A\«uet 21,
1958 (72 Stat. 698). See also "Budget Receipts and ffipenditures," Table 1, footnote 17.
July
1959
.TROST ACCOURT AHD OTEB) TRAIISACTIOIS
Table 3.- Trust and Deposit Fund Account Expenditures
10
Treasury Bulletin
.TRUST ACCOUHT AHD OTHER TRAHSACTIOHS-
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(in mllllona of dollare; negatlTe flgurea are excees of salea)
July
IW)
11
-TRUST ACCOUNT AND OTHER TRANS ACT lOHS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies in the Market
(lA mlllloiia of dollara; negative figures are exceaa of eales)
Secutrltlea not guaranteed by the United States
Sectirltl«a guaranteed by the United Statee
Public enterprlac funds
Fiscal year
or month
CODBBOdlty
Total
guaranteed Credit
Corporation
1951
1952
-381t
1953
25
195»*
k
-6CC
-10
-16
72
1955
-7
-29
1959 (Bat.)...,
i960 (Est.)
1958 -July
August. .
September.
.
October.
November.
December.
-12
-16
-7
1
-1
1
65
-173
-30
-3b
-lUlt
-IW
-1,085
-567
-33
-33
6
6
-1,052
-573
-1,052
-573
-kh
136
-i»
Ji
-233
9
9
-J.85
-233
J185
-1
-6
32
-I*
h
3
-9
-1
-6
-9
32
-10
12
12
31
6
26
26
5
-2
32
32
-2
30
30
6
5
3
3
-57
-6
-7
-6
-7
-6
-78
-1
12
-1
12
-1
Securities not guaranteed
Federal
Intermediate
credit
Ijanks 1/
liy
•
•
-50
-50
the llilted Statee
-
Federal
National
Mort^a^e
Aasoclatlon 2/
Total
Banks
GoTemment-
for
cooperatives
sponsored
enterprises
Federal
home
loan
hanks
-371*
-375
186
285
-33
12
195l»
-11
136
-100
-950
-238
-225
-U5
-350
1959 (Bat.)...
i960 (Est.)...
1958-July
August.
September
.
October.
November
December
1959 -January..
February.
-1*85
6U
-37
-233
6
(Coctlnued)
1952
1953
1955
1956
-570
OoTemaent-sponecxred enterprises
1951
1957
1958
65
Ul»
^
Home
Owners'
Loan
Corporation
-98
88
37
-277 ^
-556 ry
Federal
National
Mortgage
Association 2/
-37".
-69
Trust euterfrlee funds
Fiscal year
or month
fxinds
1*1*
37
28
,
tratlon
Federal
Intermediate
credit
banks 1/
<^39
.
April
May
Adffllnie-
public
and trust
enterprise
-30
37
32
1959 -January
February.
March. . .
Federal
Bousing
Total not
gueronteed
32
33
-639 i/
,
1956
1957
1958
Federal
Farm
Mortgage
Corporation
Public enterprise funds
Total
Hone
Owners*
Loan
Corporation
-It
12
-a 69
10
-872
-86
167
-23
-7U8
-380
-73
2
-163
-326
25
31
-56
•
30
7U
6/
March....
-206
-47
April
May
-94
-297
-50
-4*6
-20
Federal
Intermediate
credit
banks 1/
Federal
land
banks
Treasury Bulletin
12
.CASH INCOME AND OOTGO.
representing cash received from the public. Federal cash
borrowing from the public includes net borrowing by the
The cash Income and outgo data appearing In the
"Treasury Bulletin," beginning with the February I956
Issue, are on a basis consistent with receipts from and
payments to the public as derived In the 1957 and sub-
Treasury through public debt transactions and also net
borrowing by Government agencies and OoTsmment-sponsored
sales of their
sequent Bui^^ets of the United States, Special Analysis A.
enterprises
Reconciliation to cash deposits and withdrawals In the
It excludes changes In the public debt which do not rep-
account of the Treasurer of the United States Is shown on
resent direct cash borrowing from ths public.
the same basis as In the Budget dooumente.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these arrangements,
data In
through
oihi
securities.
The net
effect of all these transactions with the public Is
reflected In changee In the balance In the Treasurer's
account and In cash held outside the Treasury.
accordance with the Budget classifications are made avail-
able month by month.
Figures for back years have been
raalie them as nearly
revised where necessary In order to
Cash transactions through ths Treasurer's account are
similar In general concept to those Included In the Budget
comparable with the Budget classifications as available
series, but are limited In coverage to transactions whlab
data will permit.
affect the balance In that account.
differ somewhat from those published In earlier Budget
On the other hand,
they Include receipts from the exerolse of monetary
documents as well as In the Bulletin.
authority, which are excluded from receipts from the public
For this reason certain of the figures
In the Budget series.
The Budget series of cash transactions Is designed
to provide Information on the flow of money between the
public and the Federal Government as a whole, and therefore
Beginning with figures for the fiscal year 1953,
**>*
series of transactions with the public is based on the
Includes transactions not cleared through the Treasurer's
"Monthly Statement of Receipts and Expenditures of the
Receipts and payments Include transactions both
United States Government," which is compiled from reports
In budget accounts and In trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account.
In payments on a net basis as reflected In Treasury reports.
account.
Major Intragovennmental transactions which are reported as
account, beginning with the figurss for the same year, are
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
reported in dally Treasury statements.
Government to make payments In the future are also eliminated
from expenditures
are made.
txjt
are added later when actual payments
Receipts from the exercise of monetary authority
(mostly seigniorage on sliver)
are
excluded
as
not
Cash deposits and withdrawals in the Treasurer's
For those years
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
statements which reported separate classifications for
trust account transactions, etc.
budget results,
July 1959
13
.CASH INCOME AMD OUTGO.
Table 1.- Summary of Federal Government Cash Transact lone with the Public
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Fiscal year
or nunUi
Federal receipts from
the public
Federal paymenta to the
public
1951.
1952.
1953.
53,390
68,013
1*5,797
67,961*
7,593
71,1*99
71,627
67,836
76,773
71,860
70,538
-5,271*
1951*.
1955.
1956.
1957.
1958.
77,088
82,107
81,893
72,617
80,008
83,1*13
1959 (Bst.).
i960 (Est.).
81,651
93,502
1958 -July
August
Se ptemlwr
.
Oc tober
.
.
.
.
November.
December.
1959 -January..
February.
March,
,
.
April.
May...
1959 to date.
Excess of
recelpta, or
payments (-)
Plus: Net cash
borrowing from
the public, or
repayment ( -
Plus: Receipts fl-om
exercise of
monetary
authority
Sluals:
Change In cash balances
Treasurer's account
balance. Increase
or decrease ( -)
Cash held outside
Treasury, increase,
or decrease (-)
1,839
-388
-2,299
2,096
-551
-312
331
-202
-5,796
-505
2,919
2,512
1,809
1*3
U,U71
2,099
-1,520
-1*,366
23
-3,100
5,760
1*9
-956
5
59
l*,159
lUO
91*, 899
-13 ,21*8
60
60
-323
626
8,516
-686
-l*,3l*9
92,875
3,781*
6,551*
7,912
-U,126
-1,0U0
-569
2
-l*,630
-65
2,575
3
1,21*9
288
-1*50
7,591*
1*9
-232
-2,702
68
56
73
29
257
7,936
8,283
-31*8
-1,371*
3
-1,269
3,596
6,231
6,791
8,028
7,200
8,522
-1*,1*32
l»,027
2
)6l
-969
-1,732
3,003
51
3
-565
1,991
1*
-1,561*
-113
5,01*9
7,585
8,025
7,124
-2,536
-28
2,457
8,005
7,879
-2,621
-171
4,086
6
7,708
15
70,612
86,158
-15,547
11,480
7,998
9,581
5,384
Source: Actual figures throi^ 1952 are based on the dally Treasury
statement and thereafter they are based In part also on the monthly
statement of receipts and expenditures of the Government (for
1*6
957
-644
-836
51*
8
1,531
-81
-60
-67
39
-3,861
-166
3,51*6
1
-627
3
-3 ,253
5
-7
45
explanation of reporting bases, see page II); estljsates are from
the i960 Budget document, released January 19, 1959, including
effects of proposed legislation.
Table 2.- Summary of Cash Transactions throu^ the Account of the Treasurer
of the United States
(In millions of dollare)
.
.
.
:
Treasury Bulletin
ll^
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash DeposltB In the Account of the Treasurer of the United States
(in millions of dollars)
Less:
Becelpts
Flacal year
or month
IntregovemBuclget
(net)
1.7,568
1951
1952
1953
mental
transactions
(Sec Table 5)
Trust
account
73,811
69,926
930
116
199
110
061
,369
79,851
85,397
2,739
3,SU2
7,796
8,807
8,929
9,155
9,536
55,361.
70,198
1955
61,391
61., 825
64,655
60,390
1956
1957
1958
68,165
71,029
69,117
11,685
16,329
85,1.'»6
3,1.93
1959 (Est.)...
i960 (Est.)...
68,000
77,100
17,585
85,585
97,577
3,871*
1958 -J ulj
August .
September
2,91.6
1951.
.
October.
November
December
.
1959 -January..
February.
March
April.
Ifey
.
.
Deductions from receipts
11.
20,1.77
73,751.
1,111
1,956
885
l.,057
U,838
7,208
2,769
4,962
6,180
Excess
profits
tax refund
bond redemptions
Becelpta
1/
2_/
frcan
exercise of
monetary
authority
Total deductions
53,1.33
68,081
71,1.99
71,627
67,836
29
-210
114
-107
77,088
88,107
81,893
23
49
59
-32
-281
141
3,931.
l.,075
81,651
93,50e
60
60
273
239
158
3,781.
6,551.
2
-468
3
465
7,023
7,936
3
93
8,031
2
3
-402
150
4
48
3,197
6,384
6,843
29
2,185
2,255
2,183
2,090
23
49
59
2,763
3,290
3,553
60
60
53,390
68,013
271
236
2
6,793
8,091.
155
3
1,025
1,U86
1,171
3,791.
6,41.8
195
214
556
2
198
3
217
560
3,596
6,231
6,791
4,528
6,576
8,426
759
1,637
1,322
5,287
8,213
9,748
236
212
3
162
5
237
215
167
5,049
7,998
9,581
4,258
5,425
1,302
2,479
5,561
171
7,904
189
177
196
5,384
7,708
Source:
See Table 1.
preceding sections
1/ Treated as noncash
and as cash refund
7,351
3
4
1
Details of basic receipt figures appear in
In the Bulletin.
refund deductions from receipts when Issued
deductions vhen redeemed.
2/
•
Adjustment for
In the
net difference
Treasurer'
due to reportaccount
ing method (Se<
also Table h)
68
56
1,971.
68
73
Plus: Becelpts
from exercise
of monetary
authority 2/
Equals:
Cash
deposits
1.3
1.3
56
4,015
Reconciliation to cash transactions In Treasurer's account
Equals
Federal
receipts
from the
public
73
71,31.5
71,815
67,758
77,079
81,875
82,091.
81,711
93,562
3,298
1
-165
3
-210
730
4,885
7,791
10,315
-517
120
4,872
7,836
5
Consists of seigniorage and the increment resulting from reduction
in the weight of the gold dollar; excluded from receipts from the
public but included in cash deposits in the Treasurer's account.
Less than $500,000.
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In millions of dollars)
Juhi
15
IWI
CASH INCOME AND OUCGC
Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
(In millione of dollars)
Budget receipts which are
also budget expenditures
Flecal i-ear
or month
Interest paid
to Treasury
hy putlic
enterprise
funds
Other
1/
87
1951.
1952.
1953.
102
Budget receipts which
are also
trust fund
expenditures
2/
20
25
59
68
81
Trust fund receipts which are alao
Budget receipts
budget expenditures
which are also
GovernmentInterest
Interest on
sponsored
on unlnInvestment in
enterprise
veeted
public debt
expenditures
trust
securities
funds
i/
11.7
10
892
987
1,091*
226
6
6
1955.
173
7
1956
1957
1958
297
U55
557
18
10
102
lOlt
1,207
1,318
9
221
1,3'»2
1959 (KBt.).
i960 (Est.).
31*1
12
21.6
616
11
238
1,321
1,322
lUlt
1958-July
August. ..
September.
.
October.
November.
December
11
3
31
1
5
16
.
April
May.
.
2
19
19
5
71
36
18
96
k
318
21
38
33
1.
.
1959-January..
February.
March
1,188
1,173
5
3
1
5
12
6
..
,
..
:
.
.
16
)
Treasury Bulletin
.
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the
Public,
and Reconciliation to Net Cash Debt Transactions through the Account
of the
Treasurer of the United States
(Met torrowlng, or repayment of borrowing (-);
In
mllHona of dollars)
Change in public debt and agency obligations held by the public
Net sale of obligations
of Goremment enterprises in
the market
Plua:
Fiscal year
or month
Public debt
increase , or
decrease ( -)
Public and
trust enterprise funds
Governmentsponsored
enterprises
1951
1952
1953
195^
1955
-2,135
3,883
6,966
5,189
3,115
-11.
33
11
602
269
1956
1957
1958
-1,623
173
-2,22lt
5,816
1,085
567
872
86
-167
8,657
277
71.8
556
380
-31
10
1959 (Eat.)...
i960 (Est.)...
1958-July
August.
September
10
Hi.
-59
-877
3,009
-1,810
.
October.
November
December.
3,51.6
2,81.8
1959 -January...
February.
2,879
-697
-3,069
March
April
May
Fiscal year
or month
blUe
1951
1952
1953
y
638
758
718
1951.
521.
1955
1.97
1956
1957
1958
251.
1959 (Est.)...
i960 (Est.)...
1.00
1.56
388
1958-July
August.
September
.
October.
November .
December
.
1959-January...
February,
March
April
May
Source:
See Table 1.
525
56
65
56
123
3,369
3,355
3,068
1,686 1/
1,236
uo
50
-16
74
77
101.
101
79
-77
126
2,516 2/
2,262
179
153
1.1.6
'
171
-5,308
175
3,640
3,130
2,454
1.61
-3,743
-3,392
5,560
-508
120
-139
810
10,209
11.6
268
-288
73
-2
-311.
-15
-3
163
-323
9
-8
-79
-2U
-498
2,626
-1,311
-32
126
56
-520
-219
-250
»
-51
4,210
3,144
105
-71.
206
47
78
94
297
1.1
7
-6k
11
-121.
197
-1,062
-63
15
16
201
bi,
7
175
22
3,647
-563
-3,108
-487
-4
-174
4,157
963
17
168
99
«
57
6
5J49
26
y
Deductions for noncaah and other trajisactione
Issuance of public debt securities representing expenditures, or refunds of receipts
^
Adjusted
service
bends
6/
-1
-1
-1
-1
-1
Armed
forces
leave
bonds 6/
Notes to
International
Monetary
Fund 6/
Excess
profits
tax
refund
bonds 2/
Total
deductions
Bluals:
Net cash
borrowing
from the
public, rare payment
Less:
IXluals:
Transactions
not
reflected
Net cash
borrowing
through
the
Treasurer's
account or
repayment { -
in
the
Treasurer's
account 8/
(-)
,
-160
-68
13
-9
-21.
28
722
-8
109
156
618
61.U
2,919
2,512
1,809
-7
175
-l»,366
-6
J.
623
-671.
-U50
-292
-200
-3,100
5,760
1,170
1,693
8,516
398
8,516
-686
-686
70
51
63
-569
-11.
-2
-2
-1
-1
11.
-13
7
61
11.1
76
Governmentsponsored
enterprises
BJuals
Increase In
securities
held by the
public, or
decrease (-)
101
36
91
1
Less:
Net
accrued
Interest
on
savings
bonds and
Treasury
37".
J.
3,319
950
Public
enterprise
funds
Trust funds
-166
-37
-28
-138
Net investment In Federal
securities by Government agencies
Less:
70
-9
1.89
680
-5,796
-505
79
170
155
256
230
-5,875
399
549
506
-4,765
-3,648
5,253
-674
2,763
2,255
1,579
2,575
69
17
2,558
-1,371.
1.6
-1,421
1.3
3,983
2,982
-638
183
l.,027
11.1
3,003
51
21
18
33
3,51.6
18
-627
69
80
3,527
-695
11.5
U
101
64
161
U5
-3 ,253
-4
69
4,086
7
4,000
84
15
16
Footnotes on following page
-3 ,333
Jidy 1959
17
CASH
INCC^ffi
AND OUTGO
Footnotes to Table 4
l/
Net operating eKpendltures, or receipts (-), aa meaaured by funds
provided by or applied to net security tranaactlons reflected In
Treasury reports (see Table 7). To a large extent, theao GoTemmentsponeored enterprises secure funds for their operations by direct
borrowing from the public or by cashing Federal securities which
they hold, and they apply the net Income received from operations
to repayment of borrowing from the public or to Investment in Federal
securities. On that basis, net expenditures for operations are
shown in this talkie in terms of the combined net of disinvestment in
Federal aecurltlea and sale of agency obligations In the market,
2/
^
hj
5/
and net receipts from operations are shown in terms of the combined
net of investment in Federal securities and redemption of agency
obligations in the market.
Not reported prior to 195** •
See Table 7, footnote 1.
Does not Include revolving fund receipts representing acquired
securities amounting to $1,6U3,070 (par value).
Differs lYom monthly statement of receipts ana expenditures for
December 1958 because of error in claesificatlon In that
statement.
Footnotes to Table 5
Federal intermediate credit bank franchise tax through December 1956
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survlvore Insurance
Trust Fund and Federal Disability Insurance Trust Fund for Administrative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement by
Highway Trust Fund for refunds of taxes; reimbursement by the District
of Columbia; payment of dividends, interest, etc., by Federal National
Mortgage Association's secondary market operations; and Federal
intermediate credit bank franchise tax and repayment of capital
stock to the Treasury after December 195^ and before January 1959*
Consists of payment of earnings and repayment of capital stock to
the Treasury through 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, Q^d by Federal Intermediate credit
banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid
Beginning with
by trust funds and Govemment-eponsored enterprises.
fiscal year 1958 excludes deductions from salaries of District of
2/
6/
»
Columbia employees (see footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of payments to employees' retirement funds representing
United States and Government corporation eharoe of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unen^loyment Trust Fund, veterans' life insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, and
District of Columbia; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Service retirement fund for Its share of contributions, and beginning with 1958
also deductions from its payroll; payments between Railroad Retirement Account and Federal Old-Age and Survivors Insxirance Trust Fundj
transfers frcm Civil Service retirement fxind to Foreign Service
retirement fund from 1955 through 1957; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment
Trust Fund through 1955.
Less than $500,000.
Footnotes to Table 6
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
Public debt interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 195^, consists only of public debt
Interest checks and coupons outstanding; net increase, or decrease
Not reported as a separate clearing account prior to 195^.
(-).
Treated as noncash expenditures at the time of issuance of the
securities and as cash expenditures at the time of their redemption;
net issuance, or redemption (-).
Issued in I936 in exchange for adjusted service certificates held by
'2j
6/
"jJ
•
veterans of World War I. The bonds matured in 19'*5'
Issued in I9U7 In payment for accumulated leave. The last of these
bonds matured In 1951Part of the United States subscription to the capital of the International Monetary Fund was paid in the form of nonlnterest-bearlng
nonnegotlable notes payable on demand (see 19^7 Annual Report of
the Secretary of the Treasury, pages 1*8, 350, and 385)Checks outstanding leas deposits in transit, and changes in other
accounts; net increase, or decrease (-). Prior to 195** includee
also public debt Interest due and unpaid (see footnote 2).
Less than $500,000.
Footnotes to Table 7
In this table, beginning 195^, in accordance with treatment in Budget
docuEnents, net investment in United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table U
under "Trust Account and Other Transactions," these amounts are in-
U/
cluded in trust and deposit fund account investment.
Does not incl\Kle investments representing acquired securities amounting
to $1,6U3,070 (par value) and donation of seciiritles amounting to
$1*5,800 (par value).
Differs from monthly statement of receipts and expenditures for
December 1958 because of error in classification in that statement,
6/
'2J
jJ
8/
*
Accrued discount on savings bonds and bills, which is Included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
Treated as noncash transections at the time of issuance and as cash
transactions at the time of redemption; net issuance or redemption (-).
Excluded from borrowing because the transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts in Table 3
Market transactions in public debt securities and agency obligations.
Less than $500,000.
Treasury Bulletin
IS
_ ACCOUNT
OF THE TREASURBE OF THE UNITED STATES
.
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and
branches.
As
account to the tax and loan account In the ea-me bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit in these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
the balances In these accounts become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
to leave funds In banks and In the conraunltles In which
pleted,
commercial banks throughout the country.
they arise until such time as the Treasury needs the funds
In this way the Treasury Is able
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
In most cases the traneaotlon
Oovernment securities.
Involves merely the transfer of money from a customer's
to neutralize the effect of Its
fluctuating operations
on bank reserves and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955,
pages 275-2S4.
Table 1.- Status of the Account of the Treasurer of the United States
Julif
1959
19
,
ACCOUHT OF THE TBEASUHER OF THE UBITED STATES
.
Table 2.- Analysis of Changes in Tax and Loan Account Balances
(In mllllona of dollars)
Fiscal year
or month
During period
Proceeds from sales of securities l/
Income by
special
arrangement)
Total
creditB
Withdrawals
10,331
13,579
15,859
19,898
6,971
13,270
10,227
2U,128
21,716
37,066
l,it31
5,1109
1,1125
'•3,303
5,660
5,106
3,071
6,293
36,<i93
Ul,267
8,776
950
"1,791
Ul,6l.U
39,879
'•,836
7,^93
l,6lt9
2,967
It2,07't
ii2,5U5
i«,365
l.,6ll
li,152
39,1'*0
38,871
'•,633
3,991
3,373
lt5,ltU3
l>6,000
7,903
55,OUU
50,908
U,082
8,218
7,299
5,U86
6,078
1,910
1,103
6,568
13,513
20,538
23,897
26,709
27,881
813
1,078
2,987
3,246
5^8
2,762
3,533
'•,033
3,08li
3,589
1,710
2,779
1,620
6,576
5,237
3,262
6,7l'5
'•,769
8,055
5, It 00
,2 10
5,UU1.
3,535
'',513
3,262
1,975
1,284
4,531
3,218
lt,97U
5,593
U,062
5,523
2,916
'',998
1,948
1,557
1,728
3,133
(
Tax
anticipation
Withheld
savings
bonds
savings
notes
U,679
2,231
2, ''51
287
1953
3,390
S,2£6
2,667
5,2l>3
5,01il
195"*
3, '•57
2,333
6,861
ii,3*
1955
1956
1957
1956
U,lt2U
5,977
6,035
5,0^3
2,922
8,167
1951
1952
3,810
2,976
2,82U
securities
3, '•37
1957 -December.
223
1958-July
August.
September
266
22U
209
3,553
Oc tober
November.
December.
212
192
23U
2,930
1959-January
February.
March. .
290
237
231
1,099
.
.
.
.
April
May
.
207
186
end
excise 2j
786
1,168
2,968
2,783
186
1,218
It
23
2,7't6
1,133
14,113
3,387
33
27
1,060
3,i58
18
'',755
3,077
l,69i
4,827
5,030
4,136
1,928
l,17i
3,i87
17
5,534
5,601
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the fomi of
a deposit credit for the purchase price of mited States Government
obligations purchased by them for their ovm account, or for the
account of their customers who enter subscriptions through them,
when this method of payment is permitted under the terms of the
circulars inviting Bubscriptlons to the Issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
Withheld income tax beginning
In the depositary banJts, as follows:
period
Average
High
^
1,086
2,90U
3,653
Bid of
6,025
^
3,208
3,255
It
,212
3,870
5,263
3,629
3,20lt
'>,879
5,265
3,U68
'•,355
U,169
5,427
5,697
It, 054
't,lltii
912
3,454
2,787
3,951
4,989
2,465
1,754
2,685
3,365
2,884
4,477
5,328
3,844
4,117
6,457
5,669
3,261
3,720
4,254
4,347
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning July 1953.
Under a special procedure begun In March 1951, authorization
may be given for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank to be credited to the tax and loan account In that bank.
This procedure Is followed during some of the quarterly periods
of heavy tax payments.
..
.
.
Treasury Bulletin
20
.KEBT OtfTSTANDHG.
Table 1.- Summary of Federal Securities
(in mllllone of dollare)
EUd of
flacel
year or
month
Guaranteed
Public
debt
Total 1/
Matured debt snd debt bearing no Interest
Interest-bearing debt
Total outetandlQg
Guaranteed
Public
debt
securities 2/
252,852
256,863
263, 9U6
268,990
268,910
271,785
269,956
268,592
271,71*1
252,879
256,907
uu
7U
Monetary
Fund
securities 2/ i/
263 ,997
29
b6
52
81
Otlier
Guaranteed
securities 2/
5/
(matured)
Public debt
27
y
1,283
1,274
1,302
2,3Ta
2,244
2,126
2,351
2,370
2,242
2,125
2,350
419
298
437
1,4U
2,633
2,868
2,042
1,646
589
666
529
597
1,567
1,742
1,068
618
477
460
512
575
550
525
502
271,3'tl
255,222
259,105
266,071
271,260
1955
1956
1957
1958
27'' .'tis
27l»,37li
272,825
270, 63U
272,751
270,527
276,l>liU
276,3''3
107
101
27't,798
27'»,698
106
101
2,634
2,869
2,042
1,646
1957-December.
275,002
27't,898
lOli
272,977
272,87'i
104
2,025
2,024
841
746
'•37
1958-Julj
August.
September
275,568
275, 66
278,U76
276,666
102
27'»,011
108
118
277,058
275,122
273,910
276,951
275,00t
101
108
117
1,557
1,526
1,662
1,556
1,5*5
1,661
497
481
611
632
619
626
427
425
424
October.
November.
December.
280,323
283,167
283,031
280,2U
112
107
109
278,672
281,531
278,561
281,425
280,839
111
106
108
1,651
1,636
2,084
1,650
1,635
2,084
541
283,060
282,922
524
903
687
687
757
423
424
423
1959 "January..
February.
285,907
285,216
282,153
285,801
285,104
282,034
106
112
119
283,913
283,354
283,808
105
111
118
1,994
1,861
1,946
1,993
1,861
1,945
822
603
923
422
419
285,460
286,il0
285,353
286,303
107
108
283,603
284,580
283 ,497
106
107
1,856
1,830
1,856
1,830
518
919
926
419
416
255,251
259,151
266,123
1951
1952
1953
195^
.
March ....
April.
.
.
.
May
I*
278,581t
276,78lt
269,883
268,486
280,9't7
ItU
51
80
73
283 ,243
280,089
284,473
430
422
748
762
677
487
444
Monetary Fund In payment of part of the Uilted States subscription
pursuant to provisions of the Bretton Woods Agreements Act. The
notes bear no Interest, are nonnegotlable , and are payable on
demand.
Includes savings stamps, excess profits tax refund bonds, and
currency Items. For current month detail, see "Statutory Debt
Limitation," Table 2.
Source:
Dally Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury,
i/ Consists of Federal Housing Administration debentures beginning
March 1953.
4/ Special notes of the Ihlted States Issued to the International
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Computed annual Interest rate
Total Interest-bearing securities
Bnd of
fiscal year
or month
Amount
outstanding
Public debt
and giiaranteed securities 1/
Public
debt
Computed annual
Interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
Interestbearing
Marketable Issues
securities
Total
public
debt
Total
2/
5,740
5,981
6,431
6,298
6,387
2.270
2.329
2.438
2.342
2.351
2.270
2.329
2.438
2.342
2.351
1.981
2.051
2.207
2.043
2.079
1.569
1.711
2.254
2.656
2.578
2.575
2.547
2.590
2.654
3.197
1.033
2.625
3.330
2.075
2.504
2.806
2.485
2.482
2.576
2.824
2.853
2.892
2.705
2.635
2.630
2.606
2.611
2.622
2.965
3.510
3.699
2.866
2.505
2.875
2.639
2.619
2. 53''
2.577
2.632
2.534
2.577
2.374
2.443
.951
1.185
1.702
3.329
2.361
2.361
2.801
2.790
2.785
2.575
2.585
2.592
2.895
2.897
2.899
2.633
2.635
2.637
2.627'
2.625
2.629
7,367
7,533
7,543
2.647
2.679
2.689
2.647
2.679
2.689
2.558
2.610
2.624
2.512
2.836
2.930
2.361
2.361
2.212
2.823
2.833
2.954
2.592
2.592
2.592
2.902
2.904
2.909
2.640
2.643
2.646
2.638
2.623
2.621
7,670
7,871
7,839
7,667
7,868
7,836
2.704
2.781
2.801
2.704
2.781
2.801
2.649
2.769
2.799
2.960
2.995
3.020
a. 212
2.607
2.608
2.608
2.912
2.915
2.918
2.648
2.650
2.713
2.995
3.276
3.266
2.653
2.620
2.618
2.612
7,995
8,105
7,993
8,102
2.824
2,853
2.824
2.853
2.832
2.877
3.101
3.209
2.713
2.847
3.311
3.307
2.619
2.619
2.921
2.923
2.656
2.660
2.622
2.623
1956
1957
1958
269,956
268,592
274,798
269,883
268,466
274,698
6,952
7,328
7,248
6,950
7,325
7,245
2.576
2.730
2.638
2.576
2.730
2.638
2.427
2.707
2.546
1957-December.
272,977
272,874
7,878
7,876
2.889
2.889
1956-July
August .
September
274 ,0U
7,210
7,019
7,088
7,208
7,016
7,085
2.632
277,058
275,122
273,910
276,951
275,004
October.
November
December.
278,672
281,531
280,947
278,561
281,425
280,839
7,370
7,536
7,5^16
1959 -January
February.
March....
283,913
283,354
280,207
283 ,808
283,243
280,089
April
May
283 ,603
283 ,497
284,580
284,473
.
y
2.606
2.675
2.746
2.671
2.585
268,910
271,741
.
BccurltlOB
1/
2.623
2.659
2.720
2.751
2.789
1955
263 ,946
Special
lesuee
2.327
2.317
2.342
2.440
2.480
5,740
5,982
6,432
6,300
6,388
195^*
Treasury
bonds
1.399
1.560
1.754
1.838
1.846
252,852
256,863
1953
Certificates
Guaranteed
1.875
1.875
2.319
1.928
1.173
252,879
256,907
263,997
268,990
271,785
1951
1952
Ellis
Nonmarketable
issues
2.53'»
Source: Dally Treasury statement.
Note: The computed annual interest charge represents the amount of
Interest that wo\ild be paid If each Interest-bearing Issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of Interest. The charge is computed for each lasue by applying the appropriate annual Interest
rate to the amount outstanding on that date
The aggregate charge
for all Interest-bearing Issues constitutes the total computed
annual Interest charge. The average annual Interest rate Is computed
.
1/
2/
i/
4/
.843
1.539
3.3''5
2.599
by dividing the computed annual Interest charge for the total, or
for any group of Issues, by the corresponding principal amount.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; see Table 3.
Included in debt outatanding at face amount, but discount value Is
used in computing annual Interest charge and annual interest rate.
The annual Interest charge and annual Interest rate on United
States savings bonds are computed on the basis of the rate to
maturity applied against the amount outstanding.
July 1959
21
.DEBT OOTSTANDHC.
Table 3.- Interest-Bearing Public Debt
(In mllllonB of dollars)
-
.
.
Treasury Bulletin
22
.DEBT oittstanbin:;.
Table 5*- Special Issues to United States Government Investment Accounts
(In millions of dollar e)
Federal
Deposit
Ineurance
Corpora tlon
Ehd of flacal
year or month
Federal
Federal
Disability hcaae
Insurance loan
Trust
bankfl
Fund
Federal
Old -Age
and
Survivors
Insurance
Trust Fund
37,739
868
888
1953
WSli
i<0,538
hs ,229
1955
'•3,250
1956
1957
1958
1*5,
1957-Decenlbpr.
"•5,799
61iO
580
1958-Julj
"•5,877
"•6,313
"•5,990
673
675
676
1,027
1,112
1,163
"•5,367
"•5,112
670
623
631
1,171
1,200
1,257
165
165
165
17,9">8
698
710
712
1,253
1,296
1,363
165
165
165
17,182
17,067
17,199
668
623
1,3«2
l,i69
165
16,869
17,293
1951
1952
AuJ^UBt
,
.
.
September
October.
Novomber.
De comber.
1959-Januory.
February.
March.
.
April
May
.
,907
43 ,870
"•3
O ,%0
43,:'78
U,203
J
213
3,3''5
8,287
8,02U
32
2U
5,3l^6
91
3, '•86
7, "'79
79
5,'>ei
6
3,600
112
5,570
5,665
5
3,"^75
822
3,531
7,737
7,996
6,671
1,16".
587
5,5"^0
3,209
8,038
70
1,138
5,659
5,653
I2I1
813
5,6116
6,529
6,287
127
1,131
3,58U
3,598
3,581
6,1.111
l,13lt
865
807
781
586
386
5,6110
8,12"^
1,126
1,123
1,120
5,632
5,625
3,508
3,511
3,503
6,12U
6,i8U
6,055
118
119
117
8,163
8,225
8,279
1,115
1,110
1,105
282
356
410
5,621
5,616
5,605
3,'»'<1
110
112
3,435
3,431
5,759
5,652
5,426
119
L28
133
108
8,297
112
8,363
1,102
1,098
365
326
5,597
5,586
3,346
3,355
5,254
5,687
124
126
50
18,519
165
165
165
18,300
f.73
165
"•,391
lU,Ol4 7
79
15,532
61
5,"^36
1,23''
5,191
5,2U9
5,272
6,168
1,233
6,667
7,39'^
1,217
1,200
UOIj
7,738
l.lli".
83
7,31'^
90
gk
96
7,811
7,905
7,981
96
100
8,019
8,071
10"*
106
18,51''
18,327
17,797
17,753
Other
2/
Fund
"•52
18,610
U6,827
lt6,2U6
Iftiemploy
oent
Trust
7,7"^5
9U
52
50
165
Postal Railroad
Savings RetireSystem ment
Account
1/
7,266
103
103
112
673
718
Life
Insurance
Fund
2,863
3,128
18,239
17, 05"*
Fund
National
Service
2,1" 111
19, "'67
232
200
UI<,8iiO
way
Trust
5,85't
892
835
325
996
Elfih-
Life
Insurance
Fund
a
81«6
n't
Govemment
1,300
1,300
1,299
12,096
,653
Federal
employees'
retirement
funds
5,0lU
5,602
77
50
50
i''
Federal
Savings
and Loan
Insurance
Corpora
tlon
Sourer:
D' lly Treasury statement.
1/ Conslete of Canal Zone Postal Sevinge System beginning April 1958.
2/ Conslata of: Farm Tenant Mortgage Ineurajice Fund (through March 1956),
706
552
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans' Special Term
Insurance Fund.
Leas than $500,000.
13
123
120
129
July 1959
23
.DEBT OOTSTANDHG.
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In mllllone of dollars)
;
. ;
.
Treasury Bulletin
21^
STATUTORY DEBT LIMITATION
authorized as follows: S6 billion beglnnlntj on August 2S,
and ending on June JO, I956 (acts approved August 2S,
195'*. an<3 J""* 30. 1955); S3 billion beginning on July 1,
The Second Liberty Bond Act ( Jl U.3.C. 757 b), as
amended by an act approved June JO, 1959, provides that
the face amount of obligations Issued under authority of
that act, and the face amount of obligations guaranteed
as to principal and Interest by the United States (except
195't-,
1956,
guaranteed obligations held by the Secretary of the Treasury), shall not exceed In the aggregate S2S5 billion out-
In addition,
I957 (act approved July 9,
June 30, i960 (act approved June 30, 1959).
Obligations
Issued on a discount basis, and subject to redemption prior
standing at any one time. The corresponding limitation
In effect under the act of June 26, I9U6, was 3275 billion
and that under the act of September 2, 195S, was 1283
billion.
and ending on June 30,
1956); 35 billion beginning on February 26, ]95g, and
ending on June 30, 1959 (act approved February 26, 195?);
and SlO billion beginning on July 1, 1959, an^ ending on
^° maturity at the option of the owner, are Included In the
temporary Increases have been
statutory debt limitation at current redemption values.
Table 1.- Status under Limitation, May 31, 1959
(In millions of dollars)
amount of securities which may be outstanding at any one time under limitation imposed by the act
of September 2, 1958 (31 U.S.C. 757 b), as increased temporarily by the act of February 26, 1958
!-Iaxitnuni
288,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued
under the Second Liberty Bond Act, as amended
285,884
1*^8
Guaranteed securities (excluding those held by the Treasury)
^*
Total amount of securities outstanding subject to statutory debt limitation
2,008
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding May 31, 1959
(in millions of dollars)
Subject to
statutory debt
limitation
Class of security
Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
180,943
50
50
180,993
50,677
182
8,419
50,677
)
182
8,419
Total nonraarketable
Special issues to Government agencies and trust funds.
Total interest-bearing securities
Total
outstanding
35, OU
33,843
27,274
84,811
50
35, on
33,843
27,274
84,811
Total marketable.
Nonmarke table
U. S . savings bonds (current redemption value
Depositary bonds
Treasury bords, investment series
Not subject to
statutory debt
limitation
59,278
59,278
U,203
44,203
284,424
50
284,473
Matured securities on which interest has ceased
484
Debt bearing no Interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States, International Monetai^ Fund Series..
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
1
1
926
926
191
170
6
Total debt bearing no interest.
Total public debt
Guaranteed securities:
Interest-bearing
Matured
49
49
191
170
6
976
366
1,342
285,884
419
286,303
1/
Total guaranteed securities
Total public debt and guaranteed securities.
Source:
487
Daily Treasury statement.
107
107
1
1
108
108
285,992
1/
419
Excludes guaranteed securities held by the Treasury.
286,410
Jiiiij
mo
25
PUBLIC DEBT OPERATIONS
Table I.- Maturity Schedule of Intersst-Bearlng Public Marketable Securities
Outstanding May 31, 19G9
Other Than Regular Ifeekly Treasury Bills
)
Treasury Bulletin
26
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding May 31, 1959
Other Than Regular Weekly Treasury Bills
(In millione of dollars
-
(Continued)
luhj
1959
27
PUBLIC DEBT 0PE3UTI0NS
Table 2.- Offerings of Treasury Bills
—
'
lesue
ilat«
(Dollar amounte In millions)
1
Treasury Bulletin
2S
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Average price
per hundred
Regular weekly bills:
1959-Mar.
High
Price per hundred
Blulvalent rate 6/
Price per hundred
(Percent)
(Percent)
Blulvalent rate 6/
(Percent)
99.288
98.427
2.816
3.111
99.305
7/
8/
2.749
3.080
99.280
98.418
2.848
3.129
('99.226
f
5
BJulvalcnt average
rate 6/
(Continued!
On competitive bids accepted
Od total bids accepted
Issue date
-
I.
98. U3
I
98.294
3.062
3.375
99.288
98.312 2/
2.817
3.339
99.223
98.292
3.074
3.378
f
99.302
98.454
2.763
3.058
99.308
93.464
2.738
3.0J8
99.297
98.445
2.781
3.076
99.301
98.436
2.766
3.093
99.306 10/
98.483
2.745
3.001
99.297
98.4U
2.781
3.137
[99.282
[ 98.364
2.841
3.236
99.292 11/
98.398 12/
2.801
3.169
99.265
98.354
2.908
2.256
99.255
[98.357
2.948
3.250
99.260 12/
98.370 14/
2.927
3.224
99.251
98.350
3.264
99.223
9S.306
3.075
3.351
99.255
98.320
2.947
3.323
99.219
9f.301
3.090
3.361
[99.215
198.301
3.105
3.361
99.229 15/
93.306 16/
3.050
3.351
99. 2U
3.109
98.297
3..369
[99.284
198.388
2.831
3.189
99.292
98.394
2.801
30
3.177
99.283
98.382
,836
,200
May
7
[99.258
198.324
2.935
3.316
99.267 12/
98.340 is/
2.900
2.284
99.256
98.306
,943
.351
May
14
[99.312
198.277
2.722
3.408
99.317
98.330
2.702
3.303
99.310
98.266
2.730
3.430
My
21
[99.275
98.293
2.869
3.376
99.282
98.310 12/
2.840
3.343
99.270
98.280
2.888
3.402
99.273
98.285
2.878
3.373
99.282 ao/
98.3P3 21/
2.840
3.338
99.270
93.278
2.888
3.388
99.204
98.236
3.U9
3.489
99.210 22/
98.254 22/
3.125
3.454
99.200
9E.232
3.165
3.i97
Mar.
Mar.
12
2/
19
[
Mar.
26
f
L
Apr.
2
Apr.
9-
Apr.
16
f
f
[
Apr.
Apr.
23
[
May
28
'
June
U
_
2.963
June
lip
[99.170
[98.198
3.283
3.565
99.200 24/
98.220 2i/
3.165
3.521
99.162
93.186
3.315
3.588
June
ISp
f
99.172
98.238
3.276
3.486
99.180
93.256
3. 244
3.450
99.170
93.230
3.284
3.501
99.171
98.188
3.281
3.585
99.180
93.206 26/
3.2U
99.166
93.176
3.299
3.608
98.217
98.015
97.811
97.080
2.999
3.293
3.565
4.075
98.276 22/
98.106
97.851 28/
97.239
3.501
3.853
98.193
97.983
97.756
97.033
3.040
3.346
3.655
4.140
98.023
97.282
96.378
95.193
3.250
3.386
3.835
4.728
97.391 22/
96.468 22/
95.580 21/
2.250
3.740
4.348
97.242
96.350
95.100
3.436
3.865
4.820
I
June
23p
3.549
Tax anticipation bills:
1958-Nov.
1959-FBb.
20
16
May
July
15
8p
2.900
3.U2
Special bills:
1958-Oct.
1959-Apr.
8 2/.
1
May
11
July
15p...
Footnotes 2 and 3 on preceding page.
6/ Bank discount basis.
Except $200,000 at 99.346.
Except $750,000 at 98.500, and $265,000 at 98.494.
Except $150,000 at 98.427, and $50,000 at 98.365.
10/ Except $300,000 at 99.317.
11/ Except $100,000 at 99.390.
12/ Except $50,000 at 98.445, and $150,000 at 98.435.
12/ Except $400,000 at 99.282, and $58,000 at 99.280.
14/ Except $250,000 at 98.398.
Except $350,000 at 99.241.
16/ Except $1,000,000 at 98.325.
17/ Except $300,000 at 99.304.
18/ Except $50,000 at 98.394, and $50,000 at 98.382.
12/ Except $35,000 at 98.330.
20/ Except $400,000 at 99.290.
2/
8/
2/
21/
22/
22/
24/
21/
26/
22/
28/
22/
20/
21/
p
Except $500,000 at 98.350.
Except $185,000 at 99.267, $50,000 at 99.270, and $5,000
at 99.234.
Except $300,000 at 98.331, $200,000 at 98.285, and $100,000 at
98.280.
Except $365,000 at 99.242, and $10,000 at 99.241.
Except $100,000 at 98.236.
Except $50,000 at 96.238, and $300,000 at 98.230.
Except $50,000 at 99.450, and $2,000,000 at 99.331.
Except $15,000,000 at 97.888.
Except $600,000 at 97.544, and $50,000 at 97.421.
Except $1,300,000 at 96.500.
Except $100,000 at 95.795, $10,000 at 95.750, $100,000 at 95.703,
$200,000 at 95. 681,. -and $200,000 at 95.650.
Preliminary.
July [959
29
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollfir
amounts In millions
Description of issue
Issue
date
Maturity
date
23.
1953- July
23
7.
21.
28.
Aug.
Aug.
Aug.
6
20
27
June
June
June
June
U'
11.
18.
25.
Sept.
Sept.
Sept.
Sept.
10
17
2i
July
July
July
2.
9.
16.
Oct.
Oct.
Oct.
8
15
Dec.
10
1953 -Apr.
May
May
May
Sept. 10.
1955-July
July
July
July
21.
28.
1955- Oct.
Oct.
Oct.
Oct.
Aug.
Aug.
Aug.
Aug.
If
11.
18.
25.
Not.
Not.
Not.
Not.
Sept. 1.
8.
Sept.
Sept. 15.
Sapt. 22.
Sept. 29.
Dec.
Dec.
Dec.
Dee.
Dec.
7.
U.
1957-Jan.
31.
1957- May
Feb.
Feb.
Feb.
Feb.
7.
May
May
May
May
U.
21.
28.
Mar.
Mar.
14.
June
June
Dec.
Dec.
19.
26.
1958- Mar.
Mar.
1958-Jan.
Jan.
Jan.
Jan.
16,
23.
Mar.
13.
7.
2,
9.
Sept. 11,
Sept. 18,
Sept. 25,
Oct.
Oct.
Oct.
Oct.
Oct.
30,
Not.
Not.
13
Dec.
11,
Dec.
18,
Dec.
26,
1959-Jan.
Jan.
Jan.
2,
9,
16.
23,
6,
2
8,
15
3
1
6
13
20
27
3
10
17
25
1
8
15
22
29
9
16
23
31
6
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
ac^'epted
Average rate
on bids
accepted 1/
New money
increase, or
decrease (-
)
)
Treasury Bulletin
30
PUBLIC DEBT OIWATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts In millions)
Description of issue
Amount
Issue
date
Maturity
date
Number of
days to
maturity
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase , or
decrease (-
(Percent
1959-Mar.
5...
1959-fjune
4
ISept.
3
91
182
$ 2,090
72i
1,500
400
2.816
3.111
$101
Mar.
12 2/,
(June
Sept.
91
182
2,254
967
1,301
10
3.062
3.375
101
400
Mar.
19
fjune
|Sept,
18
17
91
2,019
727
1,301
763
182
400
058
100
fjune
[Sept.
25
91
182
2,122
671
1,300
2.766
3.093
Mar.
26
11
2J,
Source: See Table 2.
Information in Table 3 covers bill offerings
January 2, 1953, through June 30, 1959.
1/ Equivalent average rate on bank discount basis.
2/
400
100
Beginning March 12, 1959, the 13-week bills represent additional issues
of billa with an original maturity of 26 weeks.
Juhj
IW)
31
PUBLIC DEBT 0PE31ATI0NS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or
bill tenders
received
Period to
final maturity (years
months
days) i/
Date
Description of security 1/
of
issue
Amount of
subscriptions
tendered
Exchange
Cash 2/
(In
2/2/53
5/
For
cash i/
In
exchange
4/
millions of dollars
8,1U
ly
8,1U
ICtt
620
620
4/1/58-EA
5y
383
383
6/15/78-83
3Qy l^m
6/1/54-B
ly
2-1/4% Certlfioate
2-1/2$ Bond
2/15/54-A
12/15/58
4/1/53
1-1/2$ Note
1 2/15/53
Amount issued
ftr
5,250
418 6/
1,188
418 6/
5/1/53
3-1/4$ Bond
6/1/53
2-5/8$ Certificate
5/29/53
6/3/53
2.383$ Bill
7/6/53
7/15/53
2-1/2$ Certificate
9/18/53 - Tax ant. 8/
(At auction
3/22/54-C - Tax ant. 2/
8/5/53
8/15/53
2-5/8$ Certificate
8/15/54-D
ly
2,788
2,788
9/15/53
9/15/53
2-5/8$ Certificate
2-7/8$ Note
9/15/54-E
3/15/57-A
ly
3y 6m
4,724
2,997
4,724
2,997
A/13/53
5/20/53
.
r
9/2/53
1
i/
10/28/53
2/1/5A
1,676
8m
8,687
1-1/2$ Note
10/1/58-EO
5y
11/9/53
2-3/4$ Bond
9/15/61
7y 10m
I 12/1/53
U/18/53
107d
10/1/53
1
2/15/53
(
2/15/54
1 2/15/54
1-7/8$ Note
2-1/2$ Bond
1-5/8$ Certificate
2-1/2$ Bond
12/15/54-B
I2/I!
15/58 - Reopening
2/15/55-A
11/15/61
ly
7y 9m
7,007
11,177
7,007
11,177
Tax ant. 8/
(At auction)
Tax ant, 3
(At auction)
94d
2,717
1,501
52d
2,987
1,001
9,750
2,205
Bill
6/24/54
4/21/54
4/27/54
.726$
Bill
6/18/54
4/1/54
1-1/2$ Note
4/1/59-EA
5y
5/17/54
1-7/8$ Note
2/15/59-A
4y 9m
5/17/54
1-1/8$ Certificate
I
7/21/54
8/2/54
8/3/54
/ 8/15/54
\ 8/15/54
9/23/54
10/4/54
10/1/54
5/
11/22/54
8/15/54
12/15/54
12/15/54
2/1/55
2/15/55
2/15/55
2/15/55
3/22/55
4/1/55
4/1/55
-5/
5/3/55
7/8/55
12/8/55
12/15/55
3/5/56
3/5/56
12/1/55
4/1/56
5/
5/15/57-B
2y 7im
10/1/59-EO
99
99
1-1/2$ Note
5y
1-1/8$ Certificate
1-1/4$ Certificate
2-1/2$ Bond
8/15/55-D - Reopening
12/15/55-E
8/15/63
8m
ly
8y 8m
4,919
5,359
6,755
4,919
5,359
6,755
ly Im
8,472
3,792
1,924
8,472
3,792
1,924
1-5/8$ Note
Note
2$
Bond
3$
3/l5/56«A
8/15/57-C
2/15/95
1-3/8$ Certificate
6/22/55-F - Tax ant. 2/
1-1/2$ Note
4/I/6O-EA
Note
3$
8/15/56-B
1-1/2$ Note
2-5/8$ Certificate
2-7/8$ Note
2.465$ Bill
12/1/56-D
6/15/58JI
2/15/57-A
6/15/58-A
1-1/2$ Note
4/I/6I-EA
8/1/57-D
10/1/61-EO
10/10/56
10/17/56
2.627$ Bill
11/13/56
11/16/56
2.617$ Bill
2/15/57
Footnotes at end of table.
2.58$
Bill
6/24/57-C
10/1/57-D
3/22/57
198
3,174
3,174
2,532
2,202
821
1,486
6,841
1,486
6,841
2,970
8,778
278
278
ly
2y 6m
9,083
2,283
9,083
2,283
99d
1,501
4,130
7,219
2,109
7,219
2,109
11^
Reopening
198
5y
2y 3m
U4
lU
5y
12,056
12,056
7m
3/22/57-B - Tax ant. 2/
1-1/2$ Note
3-1/4$ Certificate
3-1/4$ Certificate
Tax ant. 8/
(At auction)
3/23/56
1/16/57
12/17/56
1,720
10/1/60-EO
2-5/8$ Certificate
2-7/8$ Note
2-3/4$ Certificate
12/12/56
39y 7m
8m
2-3/4$ Note
12/1/56
12/1/56
10,620
6/22/56-C - Tax ant. 2/
8/15/56
11/19/56
3,989
8m
2-1/4$ Certificate
7/16/56
10/1/56
ly 3m
Certificate
Note
2$
2$
3,210
7,938
5y
lOjm
ly
8/6/56
'
4Qy
2^
4,155
8,190
611
6/22/56^8*- Tax ant. 2/
8/15/56-B - Reopening
7/16/56
i/
2y
Bond
12/1/55
12/1/55
.
1-5/8$ Note
2/15/95 - Reopening
11/28/55
3,558
3,806
3,558
3,806
6y 3m
7/18/55
10/1/55
5/
3,734
9,250
ly
3/22/56-A - Tax ant. 2/
10/11/55
7^
8/15/55-D
11/15/60
1-7/8$ Certificate
5/17/55
10/3/55
3/22/55-C - Tax ant. 2/
1-1/8$ Certificate
2-1/8$ Bond
2*
8/V;:
7/20/55
Certificate
2,897
3,886
2,897
3,886
ly
5/17/55-B
5/17/55
2/15/55
7/11/55
1$
119
ft
I*
n
5/5/54
2,239
12,543
8,175
1,748
.956$
5/4/54
5,902
8,175
1,748
3/22/54
i/
800
ly im
5y im
3/16/5i
•
4,858
4,858
•
3,221
10,613
332
332
5y
Special
(At auction)
Special
(At auction)
Tax ant. 2/
91d
4,761
1,603
91d
4,637
1,750'
Tax ant. 8/
95d
(At auction)
(Continued on following i»ge
1,312
7,271
1,312
7,271
6ia
lOm
3,786
1,006
Treasury Bulletin
32
PUBLIC DEBT 0PE31ATI0NS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or
-
(Continued)
July
i959
33
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or
bill tenders
received
Period to
final maturity (years
months
days ) 2/
Date
of
Description of security 1/
issue
Amount of
subscriptions
tendered
Cash
^
Exchange
Amount Issued
For
cash 2/
In
exchange
u
Allotment
ratio
(In millions of dollars)
i.075% Bill
7/1/59
7/3/59
7/15/59
4.728$
BlU
3/22/60 -Tax ant. 8/
(At auction)
tToi
7/15/60 Special
(At auction)
Preliminary figures are from subSource; Bureau of the Public Debt.
scription and allotment reports; final figures are on "clearance'*
basis in daily Treasury statement.
For bill issues sold at auction, the
1/ Issued at par except as noted.
rate shown is the equivalent average rate (bank discount basis) on
In reaccepted bids. For details of bill offerings, see Table 2.
openings, the amount issued is in addition to the amount in original
offering.
2/ From date of additional issue in case of a reopening.
2/ Consists of all public cash subscriptions and subscriptions by United
States Government investment accounts.
4/ For maturing securities exchanged for the new issues, see Table 6.
Exchange offering available to owners of nonmarketable 2-3/4>f Treasury
Bonds, Investment Series B-1975-80, dated April 1, 1951. For fiirther
information on the original offering see 'Treasury Bulletin" for
April 1951, page A-1. Amounts shown are as of June 30 1959.
6/ The bond offering was made available for exchange of Series F and
G savings bonds maturing from May 1 through December 31, 1953.
2J Total allotments on cash subscriptions were limited to approximately
$1,000 million. Nonbank subscriptions in amounts up to and including
$5,000 were allotted in full. All other subscriptions were allotted
Commercial banks' subscriptions were restricted to an
30 percent.
amount not exceeding 5 fiercent of their time deposits as of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonds allotted could be made with accrued interest at any time not
later than July 31, 1953.
8/ Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding -naturity,
2/ Tax anticipation certificate, acceptable at par plus accrued interest
to maturity in payment of income and profits taxes due on the quarterly
payment date immediately preceding maturity.
10/ Subscriptions for amounts up to and including $100,000 were allotted
in full.
Subscriptions for amounts over $100,000 were allotted 67
percent but in no case less than $100,000.
11/ Subscriptions for amounts up to and including $10,000 were allotted in
full. Subscriptions from mutual savings banks, insurance companies,
pension and retirement funds, and State and local governments were
allotted 21, percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
12/ Subscriptions for amounts up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
Ij/ Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted ^0
percent but in no case less than $50,000.
14/ Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but in no case less than $50,000.
1^ Cash subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
^
258d
A,299p
3,005p
366d
3,173p
2,000p
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
17/ Subscriptions from savings-type investors totaled $749 million and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
then $25,000 were allotted not leas than $25,000.
In addition to the
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent of the bonds allotted were paid for by July 20,
1955, not less than 60 percent by September 1, 1955, and full payment
by October 3, 1955.
la/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
i2/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
Issued as a roll-over of Special bills matiiring Januaty I6, 1957,
.2Q/
and February 15, 1957, respectively.
Subscriptions in access of $100,000 were allotted 31 percent for the
-21/
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both issues were allotted in full and subscriptions for
more than $100,000 were allotted not less than $100,000, In addition
to the amount allotted to the public, $100 million of the notes were
_/ allotted to Government investment accounts.
Redeemable at the option of the holder on Aiagust 1, 1959, on three
*'*'
months' advance notice.
^2/ In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
24/ Redeemable at the option of the holder on February 15, I960, on three
months' advance notice.
2m Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted in full, and subscriptions for
more than $100,000 were allotted not less than $100,000.
In addition
to the amounts allotted to the public, $100 million of each issue were
allotted to Government investment accounts.
2^ Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
less than $50,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
Payment for not more than 50 percent of the bonds allotted
could be deferred until not later than October 21, 1957.
22/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
investors and 12 percent to all other subscribers but in no case
less than $10,000.
In addition to the amount allotted to the public,
$100 million of the notes wore allotted to Government investment
accounts.
Remaining footnotes on following page.
16/
.
Treasury Bulletin
3^
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
leas than $10,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Governraent InveBttaaiit
accounts.
29/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
leas than $10,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts.
30/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for nore than $25,000 were allotted 2A percent but in no case
less than $25,000.
In addition to the amount allotted to the public,
$100 million of the notes were allotted to Governraent investment
accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions
3 1/
for more than $5', 000 were allotted 60 percent to savinga-type investors, ^0 percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts.
Subscriptions
for $100,000 or less were allotted In full. Subscrip12/
tions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
IX^ Subscriptions for $100,000 or less for the bills and $50,000 or leas
for the notes were allotted in full. Subscriptions for more than the
minimum for each issue were allotted AA percent on bills and 35 percent on notes but in no case less than the minimum.
In addition to
the amount allotted to the public, $100 million of the notes were
allotted to Government investment accoiints,
Subscriptions for $100,000 or less were allotted in full. Subscrlpj,4/
28/
,
-
(Continued)
tions for more than $100,000 were allotted 4,7 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were plotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $50,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition to the amount allotted to the public,
$50 million of the bonds were allotted to Government investment
accounts.
Savings-type investors were given the privilege of paying
for the bonds allotted to them in installments up to April 23, 1959
(not less than 25 percent by January 23, 1959, the issue date; 50 percent
by February 24, 1959; 75 percent by March 23, 1959; and full payment
by April 23, 1959).
36/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Governraent investment accounts.
Subscriptions from savings-type investors totaled $240 million and
3.7/
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
mijiimums were allotted not less than the minimums.
In addition,
$50 million of the bonds were allotted to Government investment
accounts.
p
Preliminary.
^^/
hdij
1959
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued!
(In millions of dollars)
Issue
1
Source: Based on subscription and allotment reports,
1/ Excludes the issuance of I-I/2J Treasury notes available in exchange
to holders of nonmarketable 2-j/lS Treasury bonds. Investment
Series B-1975-80.
Includes trust companies and stock savings banks.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accoimts in this
country. Also includes corporations and private penoion and retirement funds prior to July 15, 1953* financing.
Included in '*A11 other. "•
Tax anticipation security,
2/
10/
11/
1^
]^/
1^/
15/
16/
12/
18/
*
p
n.a.
Juhj 1959
37
PUBLIC DEBT OPERATIO^B
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
3«
PUBLK DEBT OPERATIOMS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
July
i959
39
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
-
(Continued)
Trcnsuri) Bulletin
ko
PUBLIC DEBT OPERATIOIE
Footnotes to Table 6
Source: Bureau of the Public Debt, Rreliminary figures are from subacriptlon and allotment reports; final figures are on "clearance"
basis in daily Treasury statement.
Original
call and maturity dates are used.
1/
2/ All by investors other than Federal Reserve Banks.
2/ Tax anticipation issue; for detail of offering, see Table /*; for
amounts redeemed for taxes and for cash, see tabular note below.
A/ On November 9, 1953, the Treasury purchased from the Federal Reserve
System and retired $500 million" of the 2-1/8J Treasury notes maturing
December 1, 1953- For further detail see "Treasury Bulletin" for
November 1953, page A-1.
5/ Reopening of Februai^ 2, 1953, offering (see Table i),
6/ It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury issue after February 15, 195^.. This exchange offer was included in the refundings
of May 17, 195i.
Reopening of August 3, 195^, offering (see Table i).
8/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of income and profits taxes
due June 15, 1956.
Reopening of May 3, 1955, offering (see Table i).
10/ Reopening of November 28, 1955, offering (see Table u).
11/ During June 1956, $159 million of 2% Treasury notes maturing
August 15, 1956, were purchased by the Treasury for accoimt of the
Sinking Fund and retired.
12/ Also designated tax anticipation certificates, acceptable at par
plus accrued interest to maturity in payment of Income and profits
taxes due June 15, 1957.
12/ Two issues of special bills, maturing January 16, 1957, and
February 15, 1957, respectively, were rolled over into two issues of
tax anticipation bills, both maturing June 2^,, 1957.
During June and July 1958, $491 million of the 2-5/8? Treasury bonds
of 1965 were purchased by the Treasury for retirement under Section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May I4, 1958, for redemption on September 15, 1958.
14/
15/
p
Note
Prelijiiinary.
:
Information on retirement of tax anticipation issues re
July 1959
hx
.UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered In
March I935 and began to mature In March 19^5. Series A-D
were sold between March 1935 ai'i the end of April 19'H,
and Series E, F, and d were first offered In May 19'H.
When Series E began to mature on May 1, 1951> owners of
To redeem
the matured bonds were offered three options;
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exchange them
A number of changes beoane effective
The rate of
Interest acotMal on Series E was Increased, especially for
the near term, with corresponding changes In extended
were replaced by two new
Series E; and Series F and
for Series a bonds.
The principal ones were:
of these changes appear In the May 193^ Bulletin, page A-1.
Serlee F and
began to mature on May 1, 1953- for the
exchange offering made to holders of these bonds maturing
through December 3I, I953, see the May I953 Issue, page A-1.
Sales of Series JandK were discontinued after April 30,1957.
An Increase In Interest rates on Series Eand H was announced
on April 20, 1957. retroactive to February 1. Details of the
changes appear In the May 1957 Bulletin, page A-1.
In
the tables which follow, Series A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
at current redemption values.
Series J and K, also at higher Interest rates.
Series 0, H, and K are
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions Matured
F and
bonds outstanding are Included In the Interestbearing debt until all bonds of the annual series have
A new current-Income bond, Series H, similar In Interest
return to Series E, was offered beginning June 1.
Details
matured, when they are transferred to matured debt upon
which interest has ceased.
May
1,
Issues,
1952.
.
Table I.- Sales and Ftedemptlone by Seri es. Cumulative through May 31, 1950
(Dollar amounts In millions)
..
.
.
,.
kz
Tr
reasury
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series B through K
mlUlona of dollara)
(Id
Accrued
discount
fiedemptlone
Sales plus
accrued
discount
Sales
price U/
^
^
Amount outatandlng
Accrued
discount
^
Interest-bearing
dett
Series E and H combined
Fiscal yeara:
61,969
3,296
19''1-1951
1952
1953
lt,06l
i',653
195^ 6/
1955 6/
1956
1957
1958
5,225
5,260
'',613
it
,670
U,70U
1,111
1,120
1,126
1,123
1,11U
1,133
1,161
66,673
ll,U07
32,167
u.ooe
31,169
3,583
3,538
3,791
3,909
I*, 072
506
,905
998
31*,
1*25
31*
500
551*
36,01*8
37,1*82
636
658
1*0,929
5,181
5,779
l*,038
6,3't8
l.,5ltl.
6,371*
l*,730
5,71*6
lt,i»60
5,831
5,176
5,187
U,U72
716
715
5,252
1,120
1,128
1,126
1,113
1,12U
68,773
31*, 01*5
32,661.
1,181
l.,69li
l.,098
i*,157
3,622
3,625
3,909
1*76
35,321*
36,663
38,233
1,11>3
5,61*9
5,1*69
U,697
772
I*,
856
l*,215
61*1
l*,3'*5
39,285
1*1,1*98
1*2,11*2
Calendar yeara:
19''1-1951
63,520
3,575
1952
1953
199*
1955
1956
1957
1958
i»,36e
U,889
5,368
5,01*3
'•,507
Mentha:
1958 -July
Auguat.
September
October.
November
December
U,652
3,91*9
l«,832
1*,161*
668
727
1*0,063
1*1,398
1*1,578
1*2,589
1,178
5,867
1.18
115
91
533
1*17
362
55
I160
31*0
1*1
333
61*
1*2,258
1*2,338
1*2,386
56
1*2,1*38
27
1*2,511*
UlU
351
315
352
62
1*2,589
526
1*90
36
1*2,668
410
460
327
342
83
118
42,736
42,785
452
376
363
71
93
1*1*5
380
397
378
81
1*59
1*07
32lt
93
118
1.18
31*2
119
94
370
1959 -January.
February.
1. ,1*1*1*
6,167
31*,
U,689
369
352
.
6,1,15
6,1*81
531
535
702
5,1*96
l>86
March ....
iU
95
605
A77
509
April
May
350
338
80
82
429
420
383
433
76
42,762
42,749
Serlea F, G, J, and K combined 2/
Flacal years:
586
U17
96
108
108
108
100
268
83
27,876
629
501
191*1-1951
1952
1953
6/
81.1
1955 6/
1956
1957
1958
1,21*9
1951*
65
28,293
726
610
91.9
1,357
686
352
65
5,227
1,012
1,552
2,152
2,692
3,105
3,771*
3,350
5,162
990
65
21
1,5U
1*1
2,071
2,561*
2,91*6
81
128
159
3,612
3,226
121*
162
23,066
22,760
21,837
20,579
19,080
16,568
13,121*
9,81*2
Calendar years:
191*1-1951
1952
1953
28,169
U61.
586
100
109
110
1*32
1951*
1,281*
1955
1956
1957
1958
907
28,633
686
5I12
1,391*
1*75
103
92
1,010
567
98
71.
172
58
5,771.
929
1,968
2,526
2,636
5,698
908
1,909
2,1*28
2,1*98
76
22,859
21
59
98
138
167
160
86
22 ,616
21,0U7
19,1*39
17,861
895
10,896
6,603
3,1*22
l*,153
3,255
2,395
2,306
208
203
150
121
9,655
9,516
126
October.
November.
December.
lUU
139
9,277
139
137
167
9,11*5
1959 -January.
February.
March.
31*2
Months:
1958 -July
August.
September
153
.
.
172
3
3
.
April
May
Footnotes at end of Table
3,991*
1*.
3
3
5
5
3
3
174
192
171
152
(Continued on following page)
339
166
179
161
146
11*,
9,1*06
8,603
8,321*
13
10
6
8,313
8,195
8,057
7,928
Mj
1959
^3
.UNITED
S/IflSES
SAVINGS BONUS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(In mllllona of dollara)
Accrued
discount
Redemptions 2/ i/
Salea plus
accrued
dlaoount
Salea
price U/ 5/
Accrued
discount 2/
Amount outstandIng ( Interest-
marine debt)
Fiscal years:
Wltl-W^l
61,969
3,266
3,700
3,988
1952
1953
19^
1955
1956
1957
1958
'•,095
'',219
li,70U
66,673
1,111
1,120
1,126
1,123
"•,377
'•,821
32,167
u,oce
U,032
5, HI*
'•,319
31,169
3,583
3,532
3,765
5,216
5,333
5,052
5,0U9
'•,l^90
3,85''
ll,622
3,96t
'•,981
'•,951
11,265
'•,236
68,773
3'^,Ol^5
32,8611
'•,513
5,03U
U,098
'•,Wl
5,1''9
'•,li06
5,3*
•,572
1,121»
l,llt3
5,266
5,018
I.
1,178
'•,979
5,220
U,658
3,622
3,609
3,871
3,870
U,021
U,UU9
"•,017
1,UU
3,919
3,889
1,133
1,161
63,520
3,393
3,906
5,252
1,120
1,128
1,126
1,113
998
U25
500
3'.,
55^
636
658
716
715
36,U58
37,186
37,898
37,969
38,067
1,181
U76
531
535
3'»,727
35,
506
3'^,875
35,661.
Calendar years:
19'»1-1951.. ...
1952
1953
195i»
li,023
1955
1956
1957
1958
It,
192
ll,llt2
3,875
3,602
,689
702
668
772
6U1
36,036
36,778
37,510
38,087
37,885
38,206
Months:
1958 -July
August. .
September.
320
299
292
115
U3lt
i»01
3116
55
91
390
385
365
380
32U
316
1.1
October. ..
November.,
December.
316
81
27"!
93
397
367
336
298
27
307
118
1(25
392
325
396
33'^
62
375
119
,
.
1959-January.
February.
March
April
May
93
m
289
290
80
82
i05
431
509
392
437
369
372
U3
l>9lt
433
6't
56
38,100
38,126
38,131
38,136
38,178
38,206
U73
36
309
319
118
38,191
38,204
38,198
357
342
76
71
38,134
38,093
83
Fiscal years:
30
360
665
1,130
1952
1953
195'^
1955
1956
1957
1958
l,Ol»l
69U
782
30
360
665
1,130
l,OUl
69U
108
196
782
236
6
26
55
30
385
6
26
55
108
196
236
l,021t
2,099
3,031
3,529
l.,075
Celendar years:
182
•62
866
1,177
901
1952
1953
195^
1955
1956
1957
1958
631
887
Mentha:
1958-July
901
631
887
l'«3
11^3
Site
21.8
iBl
627
l,t55
2,553
3,310
3,693
198
198
1»,383
16
16
38
38
79
79
99
70
60
99
60
16
16
17
16
16
17
•,158
August . .
September
October.
November
December.
62
51
6U
62
51
6k
15
16
18
15
16
18
'•,302
111
111
72
17
17
l.,1.77
72
78
17
17
78
23
23
4,531
4,587
60
48
60
48
19
21
19
21
4,628
4,655
1959-January
February
March
.
April
May
Source:
182
U62
866
1,177
.
Dally Treasury statement; Debt Analysis Staff in
the Office of the Secretary.
70
TootAOtes at end of Table
l>,212
1^,255
•,337
I.,
U
383
..
kk
Treasury Bulletin
.UNITKD 3TACES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars]
Uimat tired bonds
Matured bonds
Period 8/
Total
natuped
^
Series
A-D
For
cash
In exchange
Total
unmatured
Series
F and G
sales
price k/
Accrued
discount
for Series
G and K
Fiscal years:
1951
1952
1953
19^
1955
1956
1957
1958
Calendar years:
1950
1951
1952
1953
195^
1955
1956
1957
1958
2, 71.7
3, 91.1
7,81.6
U,263
8,958
It,
792
1,761
115
8,5l4U
3,730
5,8U0
5,651
987
5,07'>
6,11*9
6,985
7,301
8,26it
Months:
1958 -July
August.
September
.
2,318
3,171
U,230
U,2l.6
l*,156
5,320
37
69U
1,126
1,1»87
1,1*86
1,21*1
11
9
6
1,826
1,917
1,971
1,906
1,825
1,917
1,971
1,906
2,101
2,335
2,135
l,8l8
987
518
25I1
21*9
968
1,328
1,500
962
1,326
Ik
1.7
21*
lU
13
10
702
2,01*7
1,1*99
2,01*7
'',317
602 2/
2/
967 2/
1,657
2,169
3,860
3,768
3,310
3,583
1*,996
U,0l*6
3,622
3,577
3,11*2
lUU
U,8I*3
l*,8li.
I*
,61*0
171*
i*,853
l*,583
I*,
i*,571
270
308
879
I*,
059
3,831
3,6lU
3,071
U,018
3,806
3,613
3,655
2,901*
217
159
167
1,891
2,081*
2,31*5
2,061*
1,691
1,697
3,862
626
295
11*3
11*3
151
53'<
169
336
105
167
105
167
331
36U
188
319
356
168
11*3
11.3
70
159
288
350
276
70
159
120
61
31.U
12
6
1*
323
309
11*
61*
5,1*71*
3,862
5,280
3,723
586
1959 -January..
867
11.5
90
90
55
722
711*
February.
March.
58i
653
374
628
215
317
215
158
310
210
193
317
25
4
April
May
624
586
37i
304
197
178
197
178
177
125
250
282
233
Dally Treasury statement; Debt Analysis Staff In the Office of
the Secretary.
Details by series on a cumulative basis and by periods for Series A-D
cooiblned will be found In the February 1952 and previous Issues of the
"Treasury Bulletin."
includes eichanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
Includes both matured and unmatured bonds; see Table h.
Includes total value of redemptions not yet classified between matured
and lanmatured bonds.
A change In procedure, beginning In June 195^, for processing redeemed
savings bonds has resulted In a high level of redemptions not yet
cleaalfled between matured and unmatured bonds. This Increase temporarily obscures the relationship between tbe redemption columns showing sales price and accrued discount In Tablea 2 throieh k and also
the relationship between the matured and unmatured sections of Table h.
(See also footnote h)
The subsequent dietrlbutlcn of this high
6/
1/
2/
156
191*
lUO
171*
Wl
.
253
1,691
NoTember
December.
1/
177
1,891
551
.
271
238
191
168
3,1*39
l*,666
263
131
263
.
321*
2,08lt
523
Oc tober .
772
1,015
38
1,128
779
90
31
18
3,393
9,630
7,255
.
817
6,137
5,109
5,621
6,515
7,251
266
17
21
16
16
level of unclassified redemptions may be large enough In any month
to show redemptions of matured bonds for a series In Table k which
are greater than the total redemptions of that series as shown In
Table 3, and to show a negative in the unmatured section of Table 1*.
Seductions were made In Issues and redemptions of Series E, H, F, G,
J, and K In July 195^ to compensate for the erroneous Inclusion of
reissue transactions In June 195** as reported In the dally Treasury
statement. The amounts Involved were as follows: $l8 million for
issues of Series E and H and $17 million for Issues of Series F, G,
J, and K; end $35 million for unclassified retirements.
Series F and G sales were discontinued April 30, 1952, and Series
J and K sales were discontinued April 30, 1957.
Sales figures after
April 30» 1957, represent adjustments.
data
Conqparable
are not available prior to January 1950.
Includes exchanges of Series 19'il F and G savings bonds for Treasury
3-lA5t bonds of I978-83.
Less than $500,000.
Ml
1959
"^
.OWMERSHIP OF FEDERAL SECURITIES.
Table I.- Dletrlbutlon of Federal Securities by ClasBee of Investors and Types of Issues
(In mllllonB of dollara)
..
.
46
Treasury Bulletin
.OWNERSHIP
-OF
FEDERAL SECURITIES.
Table 3,- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Total
Federal
securities
outstanding 2/
End of
month
Held by private nonbank investors
Held by banks
Connner-
cial
banks
U. 3.
Federal
Reserve
Banks
1/
Individuals 5/
Government
investment
accounts /^/
Savings
bonds
Other
Insurance
companies
savings
banks
Corporations 6/
State and
local
governments 2/
1939-December...
47.6
18.4
15.9
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
.4
19iO-June
December.
18.6
19.5
16.1
17.3
7.1
7.6
10.6'
2.6
2.8
7.5
7.8
.
19.7
21.4
8.5
9.5
11.2
13.6
3.6
5.4
7.6
8.2
3.4
3.7
2.1
2.0
2.0
4.0
.4
.5
21.8
23.7
6.5
6.9
7.1
8.2
3.1
3.2
55.3
64.3
22.8
23.9
25.0
31.0
10.1
.
48.5
50.9
28.7
47.3
26.0
41.1
10.6
12.2
37.7
53.0
17.8
23.7
9.1
13.4
8.7
.
77.0
112.5
10.3
9.2
11.3
3.9
4.5
140.8
170.1
59.4
71.5
52.2
59.9
U.3
.
16.9
67.0
81.7
30.9
37.6
24.7
11.7
12.9
13.1
15.1
202.5
232.1
83.3
96 .5
68.4
77.7
19.1
21.7
100.2
114.0
46.1
31.2
36.2
U.9
.
17.1
19i5-June
December. .
19i6-February 3/
June
December. .
259.1
278.7
279.8
269.9
259.5
106.0
115.0
116.7
108.2
97.9
84.2
90.8
93.8
84.4
74.5
128.2
136.6
135.1
132.6
130.7
59.1
64.1
64.1
63.3
64.2
40.7
42.9
23.3
24.9
27.0
28.0
29.1
30.9
1947-June
December.
258.4
257.0
91.9
91.3
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
85.9
85.8
82.4
85.7
64.6
62.5
63.0
66.8
21.4
35.8
23.3
19.3
18.9
18.3
1%1-June
December.
19i2-June
December.
1943 -June
December.
19U-June
December.
1948-June
December.
1949-June
December.
.
U.9
18.8
21.8
24.3
22.9
23.8
.7
4.9
.9
10.1
1.0
6.1
12.9
16.4
1.5
2.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
22.7
24.0
24.4
24.9
24.9
9.6
10.7
11.1
11.5
11.8
23.3
22.2
U.2
18.5
21.2
20.8
19.9
20.1
66.6
65.7
45.5
46.2
21.1
19.4
24.6
23.9
12.1
12.0
65.8
65.5
66.6
66.3
47.1
47.8
48.8
22.8
21.2
20.5
20.1
13.6
11.5
11.6
11.4
U.8
49.3
18.6
17.6
17.8
17.0
12.0
37.3
38.3
39.4
130.7
129.7
132.2
132.1
15.8
16.8
7.8
7.9
8.0
8.1
37.8
39.2
135.6
134.9
67.4
66.3
49.9
49.6
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
132.9
131.8
65.4
64.6
49.1
49.1
16.
15.
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.5
15.
15.7
16.1
9.6
9.5
18.8
19.9
10.4
11.1
53.3
19.2
43.3
43.5
.
252.4
252.9
252.8
257.2
1950-June
December,
.
257.4
256.7
83.9
82.6
65.6
61.8
20.8
1951-June
December.
255.3
259.5
81.4
B5.4
58.4
61.6
23.0
23.8
41.0
.
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.1
49.0
49.2
58.8
.
.6
42.3
5.3
5.3
19.9
17.8
15.3
5.5
6.7
5.5
5.3
13.7
7.1
U.l
7.3
1952-June
December.
..
259.2
267.4
84.0
88.1
61.1
63.4
1953-June
December
.
.
266.1
275.2
83.6
89.6
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.9
49.3
49.4
16.0
15.8
9.5
9.2
18.6
21.5
12.0
12.7
195A-June
December.
271.3
278.8
88.7
94.1
63.6
69.2
25.0
24.9
49.3
64.8
63.6
49.5
50.0
9.1
8.8
16.6
19.2
13.9
49.6
133.3
135.1
15.3
.
1955-June
December.
274.4
280.8
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.3
65.3
50.2
50.2
14.8
.
18.8
23.5
1956-June
December.
81. Or
57.3r
59. 5r
53.5
54.0
138.3r
138. 2r
66. 9r
66. Ir
15.7
15.1
1957-Juno.
December.
.
270.6
275.0
84.4r
79. 2r
23.8
24.9
50.3
.
272.8
276.7
83. 7r
56. 2r
59. 5r
23.0
24.2
55.6
55.2
135. 9r
136. Ir
66. 7r
65. 7r
274.7
274.8
272.7
82 .4r
83. Ir
83. 5r
59. Or
59. 9r
59. 9r
23.3
23.2
23.6
55.1
55.4
55.4
137. 2r
136.3r
275.2
275.7
276.4
87. 3r
88. Ir
90. 7r
63. 7r
64. Or
55 .3r
23.7
24.2
25.4
55.2
55.8
55.9
275.6
278.6
276.8
89. 8r
65.3r
92. Ir
90. 8r
66. 8r
65. 8r
24.5
25.3
September.
25.0
October.. ..
November . .
December . .
280.3
283.2
283.0
92.4r
94. 2r
67. Or
68. Or
67. 5r
1959-January....
February ...
285.9
285.2
282.2
94. Or
91. 7r
68. 2r
285.5
1958-January
February.
March
.
April
May
June
July
Au^st
March
April p ....
16.'
15.0
U.4
U.7
U.3
8.7
8.5
36. 6r
16. Or
13.3
12.8
8.4
8.0
49.1
48.2
17.7r
12.3
17. 5r
12.0
7.9
7.6
17.7
19.1
16.1
17.2
133. 8r
66. Or
65. 8r
65. 8r
48.2
48.2
48.1
17. 8r
17.6r
17. 7r
12.0
11.9
11.8
7.6
7.6
7.6
18.0
17.8
16.0
17.3
17.3
17.3
132. 6r
131. 9r
129. 9r
65 .3r
65. Ir
64. 7r
48.1
48.1
48.0
17. 2r
17. Ir
16. 7r
11.8
11.7
11.7
7.6
7.5
7.4
15.2
15.3
13.9
17.0
16.9
55.6
56.0
55.6
130. 2r
64. 4r
63. 9r
63. 7r
47.9
47.9
47.9
16. 4r
16. Or
15.9r
11.8
11.9
11.9
7.4
7.5
7.4
U.5
130.4r
15.0
17.0
17.0
17.0
25.A
26.2
26.3
55.1
54.8
54.4
132. 8r
63. 7r
47.8
47.8
47.7
15. 9r
12.1
12.1
12.1
7.4
7.3
7.3
16.8
18.0
18.2
17.2
17.2
17.3
25.7
25.3
25.5
53.5
53.6
53.7
138.4r
139. 9r
139.7
64. 4r
65. Or
nj,
7.3
18.2
12.2
12.0
7.4
7.4
19. 8r
20. 2r
65.7
47.7
47.6
47.5
16. 8r
17. 4r
88.7
66.3r
63.2
19.5
17.7
17.8
17.9
90.4
64.7
25.7
53.1
142.0
65.8
47.3
18.5
12.0
7.4
20.9
18.2
93. 9r
Source: Debt Analysis Staff in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the 0. S. Government, excluding
guaranteed securities held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
2/ Consists of commercial banks, trust campanies, and stock savings
banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments.
4/ Holdings by Federal land banks are included under "Miscellaneous
investors'* instead of "U. S. Government investment accounts" after
June 26, 1947, when the proprietary interest of the United States
in these banks ended.
5/ Includes partnerships and personal trust accounts. Nonprofit
130. 5r
134.2r
]34.3r
63. 5r
63. 5r
21
8/
2/
p
50.1
15. 7r
15. 8r
15.3
15.1
16.9
17.0
17.1
inatltutione and corporate pension trust funds are Included under
"Miscellaneoua investors.'*
Exclusive of banks and insurance companiea.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and investments of foreign
balances and international accounts in this country. Beginning
December 194.6, includes Investments by the International Bank for Reconstruction and Developnent and the International Monetary Fund In
special noninterest-bearing notes issued by the U. S. Government.
Immediate postwar debt pealf.
Preliminary.
Revised.
July 1959
^1
.TREASURY SURVEY OF OWNERSHIP, AH?IL 30, 1959
.
The Treasury Survey of Ovmershlp covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included in
cial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank olassee and nonmember bajiks are published for June JO
and December 31- Holdings by corporate pension trust funds
the United States.
Data were first published for
March 3I, igl+l. In the May 1941 "Treasury Bulletin".
Bulletin for quarters beginning December 3I,
Section
I
-
Distribution of ovmershlp by types of banks and Insurance companies Is published each month. Holdings by commer-
are published quarterly end first appeared in the March
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
19'+9.
195'*'
hs
Treasury Bulletin
.TREASURY SUPVElf OF OWNERSHIP, APRIL 30, 1959
Section
,
I - Securities leeued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in millions of dollars)
July
1959
119
.TREASURY SURVEY OF OWNERSHIP, AH?IL 30, 1959
Section
I
-
,
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
-
(Continued)
(Par values - In mlllloDS of dollars
Held by inveBtora covered in Treasury Survey
Isoue
(Tax statxis 2/ is shown in parentheses)
Total
amount
outstanding
{wholly
50
Guaranteed securities; 8/
Federal Housing Administration deben(taoBble 11/
tures
106
Panama Canal bonds
Total public raarketable securities
180,815
Insurance companies
b.lM.
commercial
banks 2/ 2/
516
mutual
savings
banks 2/
302
Ufa
539 fire,
casualty,
and marine
U. S, Government
investment
accounts and
Federal Reserve
Banks
U
62
56,317
6,3A0
4,824
4,221
Table 4.- Interest-Bearing Public Nonmarke table Securities by Issues
(Par values - in millions of dollars
Held by Investors covered in Treasxiry Survey
(Tax status 2/ is shown In parentheses)
Total
amount
outstanding
Insurance companies
6,444
commercial
banks 2/ 1/
516
mutual
savings
banks g/
United Stat es savings bonds:
Series
Series
S erles
Series
Series
Series
E %J
F
V
G
H
J i/
K
(taxable)
(taxable )
(taxsble )
(taxable)
(taxable)
(taxsble )
Total United States savings bonds
Other U. S
.
38,134
973
4,527
4,628
706
1,851
50,819
178
345
1
525
securities
Depositary bonds
Treasury bonds:
Investment Series A
Investment Series B
Total other U. S. securities
Total public nonmarketable securities
4/
35
Footnotes at end of Table ^.
Issue
Held by
all other
investors
(taxablej
183
183 6/
(taxable
(taxable)
693
U2
7,816
123
8,692
448
y
860
59,510
973
fi/
1,040
64
796
302
life
32,685
76,429
Treasury Bulletin
50
.TREASURY SURVEY OF OWNERSHIP, AH?1L 30, 1959
,
Section II - Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Goveminent
July 1959
51
.MAKKET QUOTATIONS ON TEEASUPY SECUEITIES, MAY 29, 1959,
Current market quotations shown here are over-the-
public marketable securities issued by the United States
counter oloelng bid quotations In the New York market
Government except Panama Canal bonds. Outstsuidlng
Issues which are guaranteed by the United States
for the last trading day of the month,
as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount outstanding Uillions)
Treasury Bulletin
52
.MARKET QUOTATIONS ON TEEASUFY SECUEITIES, MAY 29, 1959.
Table 4.- Taxable Treasury BondB
(Price decimals are 32nds)
Jubi
M9
53
.MARKET QUOTATIONS ON TBEASURY SECTJPITIES, MAY 29, 1959,
UJ
o
a:
UJ
Q.
ID
—
..
.
.
.
..
,
—
a
. .......
.
..
.
5^
Treasury Bulletin
.AVERPGE YIELDS OF LONG-TEKI BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
2.83
2.73
2.72
2.62
2.53
2.61
1948.
1949.
1950.
1951.
1952.
1953.
2.97 2/
3.11
3.13
3.23
3.34
3.40
1955-October..
November.
December.
2.87
2.89
2.91
3.10
3.10
3.15
July
August. ..
September
3.02
3.02
1956-January.
February.
March. . .
2.88
2.85
2.98
3.28
3.24
3.29
October.
Noveniber.
2.83
2.86
3.16
3.11
December.
2.79 2/
3.13
2.69
2.62
3.06
1942
1943
19W
1945
1946
1947
2.U
2.31
2.32
2.57
2.68
2.94
2.82
2.66
2.62
2.86
2.96
3.20
2.55
2.84
3.08
3.47
1954.
1955.
1956.
1957.
1958.
3.43
Monthly series - averages of daily series
1953-Aprll....
May
June
1954-January.
February
March.
April.
May.
June.
2.93 2/
3.07
2.97
.
2.93
2.95
2.86
July
August.
September.
3.00
3.17
2.53
June
2.48
2.54
2.55 2/
2.85
2.88
2.90
October.
November
December.
July
August
September
2.47
2.48
2.52
2.89
2.87
2.89
1957-January. .
February.
October.
November
December.
2.54
2.57
2.59 2/
195 5- January.
February.
2.68 Z/
2.78
2.78 2/
.
.
April....
May
March.
April
May
June
July
August. .
September.
,
.
1958-Aprll
May
3.20 2/
July
August. .
September
3.36
3.60
3.75
3.24
3.28
3.27
October.
November.
December.
3.76
3.70
3.80
3.
1959-January.
February.
March.....
3.20
3.30
3.40
3.59
3.69
3.75
April
May
March
3.34
3.22
3.26
3.77
3.67
3.66
2.87
2.89
2.90
April
May. .
June.
3.32
3.40
3.58 2/
3.67
3.74
3.91
2.93
July
August .
September.
3.60
2.99
3.02
3.63
3.99
4.10
3.66 a/ 2/
4.12
2.82
2.81
2.82
3.01
3.04
3.05
October.
November.
December.
3.73
4.10
4.08
3.81
2.91
2.95
2.92
3.06
3.11
3.13
1958-January.
February.
.
.
.
.
.
March
3.57 2/
3.30 2/
3.24 2/
3.28
3.25
3.60
3.59
3.63
Weekly series - averages of dally series for weeks ending
1958-December
3.U
3.11
3.08
3.10
3.28
3.43
3.56
.
3.12
June
3.91 2/
3.92
3.92
4.01
4.08
July 1959
55
.AVERA>E
YTKT.Tfo
OF LONG-TERM BONES-
I
—
~1
c
o
Treasury Bulletin
56
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousands of dollars
Fiscal
)
Jtihj
/9J9
57
.
INTERNAL REVENUE COLLECTIONS
.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1944
46
* Beginning wifh the fiscal year 1955. includes undistnbuled depositary receipts and unapplied collections
receipts for eicise taxes is included under "Other excise taxes"
Office o' th« SscraiQryof »h« Traasurr
Ttie nftio'e
amount of such
..
,
Treasury Bulletin
58
.MOKETAEY STATISTICS
Table 1.- Money In Circulation
(In OLlLllona of dollara except per capita flgurea)
Paper money
Bid of fiscal
year or month
Total
money In
circulation 1/
Total
paper
money
Cold
certificates
National
bank
notes i/
243
81
221
200
180
163
77
67
147
64
2,11.8
2,162
2,200
318
321
317
26,055
26,329
26,342
133
62
120
59
29,72't
32
2,156
316
27,031
126
61
29,064
29,255
29,118
32
32
32
2,172
2,170
2,161
314
314
314
26,366
26,560
26,434
119
118
U8
59
59
59
29,2ltU
29,874
30,012
31
31
31
2,153
2,176
2,177
315
317
311
26,569
27,173
27,318
117
116
115
59
59
58
2,056
301
26,424
114
58
2,078
2,113
30i
310
26,iOO
26,461
113
112
58
58
2,U3
311
315
26,519
26,761
111
111
58
58
38
37
35
1956
1957
1958
30,715
31,082
31,172
28,767
29,0U0
29,071
1957-Deceml)er.
31,831*
195fl-July
31,171
31,371
28,359
28,127
28,372
3''
October.
November.
December.
31,386
32,036
32,193
1959 -January..
February.
March. ...
31,125
31,129
31,250
28,986
28,986
29,086
31
31
31
31,349
31,638
29,17A
29,Ui
31
31
. .
Federal
Reserve
Bank
notes 3/
33
33
32
39
27,3'»8
April.
May
Federal
Besorre
notes
23,456
24,605
25,609
25,385
25,618
26,231
y
ttlted
States
notes
318
318
318
320
319
27,809
29,026
30,125
29,922
30,229
31,21*5
Treasury
notes of
1890 2/
2,092
2,088
2,122
2,135
2,170
1951
1952
1953
195^
1955
August. .
September
SllTer
certificates
2,169
73
70
Jithi
1959
59
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounta In mllllone)
Cold
Bad of fiscal
year or month
($35 per
fine ounce)
1951
1952
1953
21,755.9
195""
1955
21,927.0
21,677.6
1956
1957
1958
21,799.1
22,622.9
21,356.2
1957-December.
23,3't6.5
2a,ii62.8
Silver
($1.29+ per
fine ounce)
Ratio of silver
to gold and
silver In
monetarj stocks
(In percent)
3,718.5
3,768.5
lit
3,8llt.3
11'.
.6
13.9
3,863.1
15.0
3,922.''
15.3
3, 99''.
U,U6.6
15.5
15 .l*
306.0
16.8
22,781.0
't,l85.i»
15.5
1958-Julj
August.
September.
21,209.9
21,0U.5
14,309.1
'',313.1
20,873.5
'',31''.
16.9
17.0
17.1
October. ..
November.
December
20,690.0
20,608.5
'',332.0
'',3''7.1
17.''
20, 53''. 3
'',362.5
17-5
1959 -January...
February.
20,U76.3
20,478.6
'',371.0
March
20,U1.7
4,385.5
4,3S3.0
17.6
17.6
17.7
April
May
20,304.7
20,187.6
4,406.9
4,405.1
17.8
17.9
.
.
.
Source: Circulation Statement of Ublted States Money,
silver monetary stock see Table ''.
ii,
17.3
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions o? dollars)
Snd of calendar year or month
Gold assets
Uabilltlea:
Gold certificates
Balance of gold In
Treasurer's account
etc. 1/
1951
1952
1953
195''
22,695.5
23,187.1
22,029.5
21,712.5
1955
21,690.11
21,223.5
21,199.1
''83.7
lt89.0
lt91.2
1956
1957
1958
21,9l'9.5
21,1158.3
It91.2
22,781.0
22,272.9
20,138.2
508.1
396.1
liOl.l
20,53'' -3
21,662.5
22,178.8
1,032.9
1,008.2
21,5''5.7
1958-JaIj
August . .
September.
21,209.9
21,011.5
20,873.5
20,808.8
20,612.0
October...
November
December.
20,690.0
20,608.5
20,292.7
20,206.9
20,138.2
397.3
396.6
397.9
402.1
395.5
.
.
.
1959 -January...
February.
20,53''.
20, It 76.
20,'' 75.
March
20,478.6
20,441.7
20,079.7
20,080.7
20,047.7
April
May
20,304.7
20,187.6
19,9(K.6
19,792.1
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public and In Federal
Heaerve Banks; (2) gold certificate credits in (a) the gold certificate
399.5
397.7
''01.7
396.1
394.0
fund - Board of Governora, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; and (3) reaerve of
$156.0 million against Iftilted States notes and Treasury notes of
1890.
.
i
U
.
8
Treasury Bulletin
60
.MOKETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
mlUloDB of dollars)
(In
Silver held In Treasury
dd
of calendar
year or month
Silver
bullion 2/
1953
195k
2,073.5
2,109.7
2,1U0.6
2,171.1
1955
2,19'».'t
1956
1957
1958
2,208.9
2,212.9
1951
1952
2,21i5.0
Silver
dollars
Subsidiary
coin i/
301.0
289.3
278.3
267.6
253.5
1.7
3.9
6.3
236.3
219.0
202.7
Bullion for
recoinage U/
Total
silver
at »1.29+
Silver outside
Treasury
In Treasurer's account
Securing silver certificates 1/
Bullion
at cost
Silver
dollars 1/
Subsidiary
coin i/
per fine
ounce
82.0 2/
191.3
1,083.1
"•5.3
1,158.^1
30.7
11.0
202.5
213.2
223.1
15.7
17.6
235.1.
1,283
2.3
8.2
62.9
1,338.2
92.3
252.2
269.3
.9
11.8.3
285.1.
25.3
25.8
131.5
131.7
128.3
276.9
278.7
281.0
1,1.25.U
23.7
136.8
1U2.1
283.1
1,1.36.7
1.,
332.0
281..
1,1.1.2.1
1.,
31.7.1
285.1.
1,1.1.6.2
i.,362.5
W.O
lit
1,213.1
1,21.2.7
.2
1,1.02.6
1,UI»6.2
3,71.1.3
3,79i..l
3,837.0
3,886.6
3,930.1
U,06U.l
U,l85.U
l.,362.5
l.,309.1
l.,313.1
1958 -July
Auguat .
September
2,230.9
2,233.1
2,238.U
2U.3
October.,
November
December.
2,238. It
205.1
2,2112.8
2,2ll5.0
203.
20.8
16.5
202.7
U.9
11.8.3
2,2l»5.0
202.5
202.0
200.4
15.5
16.9
16.6
152.9
285.6
1,1.1.6.1.
2,2A7.5
2,2i9.0
158.6
154.2
286.1
287.7
1,446.6
1,451.1
4,385.5
4,383.0
2,250.5
2,251.4
199.8
197.2
161.8
152.7
288.3
24.5
290.9
1,458.0
1,466.4
4,406.9
4,405.1
.
1959 -January.
February.
March. ...
April
May
1/
2/
18.
Circulation statement of ttllted States Money; Office of the
Treasurer of the united states.
Valued at $1.29+ per fine ounce
Includes silver held by certain agencies of the Federal GovenBusnt.
Valued at $1.38+ per fine ounce.
Source:
i/
,
209.5
207.1
h/
•
1,1.26.8
1,1.31.0
.,311. .9
1.
,371.0
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce
according to whether the bullion is held for recolnage of subsidiary silver coins or for recoinage of standard silver dollars.
Less than 150,000.
July 1959
61
.MDKETARY STATISTICS
.
Table 5.- Seigniorage
(Cumulative from Januar>- 1, 193
5
- In millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
1935
1936
1937
1938
1939
Seigniorage
on coins
(silver and
minor)
18.5
46.1
63.7
69.5
91.7
Misc. silver
(incl, silver
bullion held
June li, 1934)
1934
48.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
562.7
580.4
Nationalized
silver
(Proc. of
Aug. 9, 1934)
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939,
and July 31, 1946
16.8
34.5
34.7
34.7
34.7
34.7
36.0
58.0
74.9
87.3
4.2
87.6
87.6
87.6
87.6
87.6
25.7
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
530.7
1940
122.2
1941
1942
1943
1944
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
1950
1951
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
48.7
48.7
48.7
48.7
833.7
833.7
333.7
833.7
833.7
833.7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
161.8
162.4
164.0
164.0
1952
1953
1954
1955
1956
1957
1958
48.
48,
48.
48.
48.
1958-July
August. ..
September
921.2
923.3
924.
48.7
48.7
48.7
October.
November
Tecember.
927.0
928.7
932.0
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
1959- January.
February.
March. .
933.5
935.7
939.9
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
944.9
48.7
833.7
34.7
87.6
.
April
Potential
Newly mined silver
Silver Purchase Act
of June 19,
48.3
63.6
65.3
65.4
seit^niorage on
Total
seigniorage
on silver
revalued
silver bullion
at cost in
Treasurer
account 2/
'
Treasury Bulletin
62
.CAPITAL MOTQffiNTS.
published will be exactly comparable to those now precented.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
193')-, Executive Order IOO33 of February S,
1^^3 and
Treasury regulations promulgated thereunder. Information
The first three sections which follow are published
They provide summaries, by periods and by
monthly.
,
countries, of data on short-term banking liabilities to
covering the principal types of data and the principal
countries Is reported monthly, and Is published regularly
and claims on foreigners and transactions In long-term
In the "Treasury Bulletin."
Supplementary Information 1b
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and Industrial
of the latest available preliminary data.
and commercial concerns In the United States are made
initially to the Federal Reserve Banks, which forward
consolidated figures to the Treasury. Beginning April
igS't, data reported by banks In the Territories and
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by non-
possessions of the United States are Included
published data.
long-term foreign liabilities and claims reported by
securities by foreigners, and present detailed breakdowns
Section IV provides supplementary date in six tables
flnanclal concerns,
April, July,
In the
is
published quarterly in the January,
and October Issues of the Bulletin.
banks and bankers, and Table
3i
Table
2,
estimated gold reserves
and dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
The term "foreigner" as used In these reports covers
all institutions and Individuals domiciled outside the
United States and Its Territories and possessions, the
September,
official Institutions of foreign countries, wherever
such Institutions may be located, and International
"Short-term" refers to original maturiorganizations.
ties of one year or less, and "long-term" refers to all
other maturities. A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared In the June 1^^^ Issue of the "Treasury Bulletin,"
As a result of changes In presentation
pages '^5-'*7.
Introduced in that Issue, not all breakdowns pi'evlously
Section
I
-
and December Issues.
Table
4,
and debit balances In brokerage accounts,
Summary by Periods
(In mllllona of dollare; negative figures Indicate a net outflow of capital from the Ihlted States)
Analysis of net capital movement
Net
capital
movement
Changes in liabilities to foreigners
Short-term
appears semi-
annually In the March and September Issues. Table 5,
short-term liabilities to foreigners In countries and
areas not regularly reported separately by banking institutions, le presented annually, appearing In the April
Issue through 195^ and In the March Issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 Issue,
Table 1.- Net Capital Movement between the United States and Foreign Countries
Calendar year
or month
foreign credit
Ml
m')
63
.CAPITAL MOVEMEa«TS
Section
- ciliinmary
I
by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at
9iul
of period la mlXXlons of dollars]
3hort-term liabilities to foreigners
Payable In dollars
^d
of cjUeodar year
or month
Other
foreign
Foreign
official
19l'2
,205.'*
2,2UU.ll
1,9''7.1
^9^i
,37>».9
19ltlt
,596.8
,883.1
,U80.3
3,320.3
3,335.2
2,036.7
2,239.9
2,6-^.2
2,922.0
W"*?
19'*6
'.,179.3
3,OU3.9
1950
1951
,116 .It
,718.0
,618.0
,6UU.6
,302.2
1,832.1
2,836.3
2,908.1
3,620.3
1952
1953
,51.6.1
,6U8.1t
195'>
1955
1956
,918.6
,600.7
,939.1
U,65U.2
5,666.9
6,770.1
6,952.8
1957
1958
1958-July
August.. .
September.
I9UY
19'i8
19''9
International
2,9'»7.0
3,001.0
Payable In dollars
2U6.7
257.9
329.7
392.8
2 ,262 .0
1,8611.3
1.9.7
9I.8.9
70 .U
1,657.8
1,527.8
1,018.7
827.9
896.0
1,61.1.1
U, 21*5.6
1,58U.9
61.1.
1,01.8.7
l», 308.lt
1,629.1.
1.3.7
901..
lt,335.''
968.1.
31*
100.3
319.6
21.5.0
1.7.5
290.5
96.1
292.9
361.2
222.7
151.1
177.2
1.90.6
165.1.
122.9
156.5
206.5
328.1
557.1
1*91..
3
.U
5I..6
100.
110.
506.3
21.0.6
699.1.
91.8
81.7.5
61.6.5
78.«
101.6
211.0
163.9
IU9.6
2,199.4
2,542.0
385.5
439.4
1,666.5
1,904.9
U7.3
422.3
455.5
444.0
1,886.1
1,928.2
1,879.8
181.0
78.9
2,489.4
2,561.9
2,540.5
2,577.5
2,487.3
2,542.0
430.4
429.7
439.4
1,916.6
1,868.4
1,904.9
230.4
189.2
197.7
5,392.8 1/
1.8.8
1,51.8.5
1,91.5.7
158.3
,159.1
7,916.6 1/
8,663.4
5,665.3
5,892.3
U
1,517.3
59.0
59.4
,384.2
8,101.4
8,415.3
8,411.0
5,751.2
5,754.4
5,675.1
1,462.9
1,437.3
1,482.8
68.7
,647.7
30.9
137.2
169.7
969.0
1,056.5
1,390.8
1,386.5
1.0.3
1,1.52.1
,679.2
11*3 .7
U05.1.
1,769.9
1,881.1
U3.2
l.,726.5
8,0U5.J. 1/
l,5U.O
72.0
86.1.
105.1.
TD8.3
51.0
W..9
72.2
3, ''51.
ll,0ltl.2
Payable In
foreign
currencies
Loans to
foreign banks
13.9
17.9
21.6
25.5
U0.6
1.73.7
2,912.7
3,5lt7.6
Short-term claims on foreigners
Payable In
foreign
currencies
72.3
197.7
178.3
216.6
October. ..
November.
December.
,9U.6
,052.3
,159.1
8,664.4
8,637.2
8,663.4
5,767.2
5,864.0
5,892.3
1,436.2
1,484.8
l,5U.O
76.8
66.3
59.4
1959-January..,
February
Mn yf
.,
16 ,230.4
16 ,618.7
16 ,657.2
8,528.1
8,752.2
8,621.6
6,113.0
6,263.8
6,305.8
1,537.5
1,541.0
1,675.5
51.9
61.6
54.2
2,432.2
2,378.6
2,418.8
441.0
411.2
430.8
1,840.0
1,815.7
1,827.0
151.2
151.7
161,0
April p.
16,775.4
6,611.0
6,567.7
67.1
1,718.8
59.2
2,393.2
2,427.8
427.9
438.6
1,813.2
1,825.5
152,0
17,U3.0
8,431.7
8,797.3
1,665.6
May p....
,
1/
163.
Preliminary.
Beginning In August I956 and again lu April 1957, certain accounta
preTloualy classified as "Other foreign" are included in "Foreign official."
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(lo millions of dollars; negative figures Indicate a net outflo* of capital frcml the mi ted States)
Corporate and other
U. S. Government bonds
and notes l/
Calendar year
or month
Net
purchases
Sales
396.81/
U92.1.
191.2
16I..2
191.3 ...
191.1.....
21.1.3
138.5
170.6
268.2
21.5.3
393.1.
-15.7
1*.
681. .2
3W..8
283.3
330.3
333.6
-269.7
61.5
191.5....
513.6
377.7
191.6....
1.
19I.7.
. .
I9I.8....
282.1.
191.9....
1.30.0
1,236.11
1950....
107.7
108.3
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
120.0
lUl.O
188.5
1,356.6
61.6.0
1951.....
800.9
728.0
792.7
812.1
1,016.3
718.3
1,187.6
1,31.1.1
1958.>July.
883 .U
666.1
1,223.9
.
162.1
56.0
231.1.
IW.S
15.6
-10.5
2.6
212.8
289.7
321.
.7
287.1
310.2
361.4
21..
197.1.
283.6
296.0
251.8
256.9
SWt.O
33.7
19.1
17.3
626.7
9,322.1
260.6
8,695.3
211. .0
1.6.6
27.6
210.7
191*.
-I13.O
392.9
365.2
1.39.7
171.1.
-3U.6
650.1.
357.7
-97.1.
637.9
751.0
-U3.1
367.6
226.1
369.7
35h.l
666.9
1.32.1
-61..
-150.6
X,li6.3
659.9
-331. .2
376.7
511.. 1
375.3
782.1
570.9
656.2
-ei.2
78I..I
2.9
2,011.1
708.9
1,066.6
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
619.5
120.3
1.0
55.2
135.0
127.5
£36.0
1,533.3
2,U7.6
-58I..3
1,069.0
311..
661..
61.9.2
533.9
980.2
1,1.33.7
1,306.1.
1,363.5
1,163.8
1,397.3
i.ws.e
-ll.U.3
11.2.6
-56.3
1,381..0
1,1*7.9
2.205.7
3,227.0
2,790.0
2,282.8
2,982.5
8Wt.lt
1,1.59.1.
-89.1
-192.2
75.2
9l.b,l,
-U.5
2,056.U
1I.9.3
2,51.1.8
685.2
2,S3J.6
2,lUl.O
2,985.2
156.1.
309.1.
20.3
11.1.8
-2.7
13.9
-15.5
-6.9
192.1.
168.9
3.5
3.2
195.0
159.2
177.1
192.2
158.5
179.7
2.8
55.0
-23.3
7.7
190.6
158.3
200.6
171.2
143.6
198.9
U.7
201.7
214.8
176.5
178.9
25.2
3^.0
23.9
20.9
25.1
-1.6
58,6
U.l
24.0
25.0
4.7
23.3
44.5
14.7
19.3
38.0
23.8
1.2
inclines transactions in corporate bonds.
Inclulsd with transactions in U. S. OOTernoent
bonds ana notes.
i/
129.2
130.1
128.9
22.3
23.0
30.5
127.0
7S.3
37.1
20.9
llU.5
122.0
lOU.O
-7.3
18.7
1959-January..
February
March.. .
Jtll.l.
llt3.1
22.9
85.6
18.4
-33.9
1.9.1
ein.6 3/
75.5
Net purchases of
donestlc
securities
-9.2
3.9
7.9
I..6
30.6
50.6
53.1
Total
sales
329.7
189.5
28.2
23.1
22.9
79.7
16.7
57.7
191.9,
19lt9,
35.3
51.3
31.4
33.1
28.5
October .
november.
December
i/ Throi^
2/ Thro\«h
6.1
28.7
21..
62.5
35.9
April p..
May p..
200.
-21.6
11.7
15.3
23.0
32.0
38.1.
August.
September
-.r
2/
2/
96.1.
9i2.1
673.6
533.7
2/
151.6
136.9
260.2
-1.7.9
29I..3
1951....
1952....
1953....
1955....
1956....
1957....
1958....
96.lt
2/
piarchaees
purchases
U30.2 2/
2/
Total
Net
Hot
purohases
Purchases
-95.7 i/
25.7
70.7
1935-41.
3/
Stocks
Bonds 2/
9.9
5.6
2.1
5.4
j/
p
2U.7
.7
306.0
208.9
-2.6
263.3
251.0
232.2
255.6
19.3
339.6
259.6
268.2
216.0
250.1
242.4
121.8
284.3
209.9
226.0
74.4
51.8
1.7
277.8
9.5
25.8
January It, IJltO, through Seceaber 31, 19ltl; the breakdovn between
stocks and bonds Is not available for earlier years,
Preliminary.
6k
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
I
-
Summary by Pertods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures Indicate a net outflow of capital from the United States)
Calendar year
or month
Ml M9
65
.CAPITAL MOViMENTS.
Section II
-
Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(PoBitlon at and of period In mllllono of doll»rB
i/
Treasury Bulletin
66
.CAPITAL MOVIMEIITS.
Section II
-
Summary by Countries
Table 2.- Siort-Term Banking Claims on Foreigners
(Position at end of period in mllllona of dollars)
1/
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are
Included in "Other Asia."*
»
p
lass than $50,000.
Preliminary.
Ji.ii/
M'f
67
.CAPITAL MOVIMENTS.
Section
II
-
Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Treasury Bulletin
6S
-CAPITAL MOVEMENTS,
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousande of dollars; negative figures indicate net sales
i/
ftirt of United Arab Republic (Egypt and Syria) since February 1958.
Data on transactions by Syria are not available separately, but are
included in "Other Asia."
by foreigners or a net outflow of capital from the United States
p
Preliminary,
Ml m9
69
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
1.Short-Term Banking Liabilities to Foreigners as of May 31, 1050
Table
(Foaitloa IB thiiiM iin
U
i
of doUcra)
^ort-tat* llabllltlaa payabla iB dollaga
Total
Bbort-t«is
CoiiiitZ7
Tto
409,097
123,749
110,302
69,992
FIhIaM
Depoelta
933
33,453
Sp&ln
481
52,972
17,647
11,767
23,312
27,203
4,281
2,114
670
7,160
5,049
3,412
U,502
1,713
507
48,098
417
16,060
50
111
632
46,722
303
48,259
417
16,316
57
199
U,614
11,880
553
7
217,933
109
152 ,288
11,320
94,976
2,064
17,015
40,297
179,405
62,850
52,336
220,034
157
176,562
57,662
60,665
20,686
12,437
31,478
33,728
617
1,144
494,479
203,138
27,085
131,086
139,868
958,093
116,500
958,625
131,597
44,648
4,631
16,128
61,393
5,775
113,833
516
16,952
••
1,959
2,901
6,081
2U,752
108,156
6,078
162,102
FortugcU.
8
7,055
36,660
36,460
•••.•• .•...•.•
Knunla
932
37,919
284
7,832
1,774
5,771
25 ,780
11
U3,742
1,266,273
329,127
3,^8
110,205
516
16,320
^llla and
cartlfloataa
1,763
1,771
45,906
284
10,272
1,774
10,860
767
791,567
1,381,265
Dapoalta
n>t4L
390,694
50,829
346
60,442
25,677
852,554
1,A(B,099
156,179
1,297,785
363 ,375
Folai^
1>ea8ur7
blUa and
cartlfloataa
407,325
77,376
357
100,003
68,218
Franc*
Geiaany, Pedoral BapuM-lc of.
Greaca
It&Xr
Netberlande
llGrvay. ......
pajrabl* In
foreign
carranclaa
TJ.S.
Uabllltlu
Bnrope:
Austria
BelglUB
CzeohoeloTakla.
Daimark
Skcrt-tais
llahllltisa
To all othar foral^iara
foral0> banka and official Inatltstlons
925
1,006
1,476
303
322,096
854,198
21,810
2,338
1,096,102
310,188
698,553
3U,551
201,000
166,069
19,743
2,045
692,366
19,634
2,037
304,008
8
2,064
293
347,730
40,628
370,399
128,144
6,452
574,547
6,122
547,286
5,826
117,840
330
27,241
330
309,672
296
119,774
23,683
2,160
1,398
7,975,038
7,040,025
2,278,707
3,784,640
976,678
895,513
552,663
223,118
119,732
2,094,385
1,774,739
1,201,588
565,459
7,692
309,100
195,648
65, U9
48,303
210,698
21,798
176,182
101,727
209,212
141,076
6,684
64,065
139,934
6,681
59,810
1,142
69,135
68,708
190
3
15, lU
H,903
4,155
496
1,910
112,097
57,001
73,254
105,480
56,408
72,635
265
199
58
237
211
6,352
394
561
249,938
46,118
2,279
111,712
30,766
17,474
133,864
39,051
1CH,350
30,485
16,950
130,947
911
••
Cuba
•
DGKlAlcoD BapnUlo...
•
GuataaalA
Maxlco
Hatbarlaada U. lodlaa and Surinam.
Fa
38,U7
Vaaaiuala
Otksr Latin Aaariea.
82,371
38,544
84,711
549,398
171,811
Total Latin Aaarlea.
..••••
Swadan
Svltxaarland...... •••.•.•
Turka7
U.S.S.K
Italtad Eli«laa
YngoelATla
Othar Europa
Total Europa..
64,574
lAtln Aaarloa:
Argantlna.
BollTla...
BraiU....
JhUa
Coloiibla.
U,7U
U,218
135,926
134,016
92, U9
78,374
138,121
15,351
26,511
311,052
39,323
U9,325
30,138
43 ,985
U5,211
15Ji67
12,123
281,396
24,398
43,693
84
293
1
6,451
280
370
1,356
5,570
1,561
20,267
7,200
28,000
8,750
7,188
1,656
6,175
5
U9,187
44,224
18,861
46,039
163,351
77,236
89,751
42,360
18,627
41,113
158,334
76,119
4,108
984
13,2U
154
25,328
880
234
4,864
2,367
19,683
38,664
385,915
90,340
29,025
37,781
14,111
34,739
385,341
61,433
16,436
1,108
366
4,072
3,920
499
12,471
155
962
2,659,403
1,525,710
1,372,422
105,764
47,524
1,128,366
1,040,384
16,879
71,103
36,022
58,193
93,992
80,753
51,161
29,490
29,626
69,345
78,654
47,353
29,293
25,709
63,963
197
6,532
28,555
24,337
2,099
3,805
6,508
28,548
24,337
2,099
3,805
24
China Mainland
Eoog Kong
India
Indoneala
Iran
laraal
Japan
Earaa, Republic of.
Fblllpplnas
•
Taiwan
69,9U
1,068,367
142,027
174,988
92,349
65,582
1,055,023
139,430
155,094
85,941
4,332
13,172
2,597
19,515
6,050
315
350
133,008
390,719
2,741
32,278
117
866
811
1,083
Bapobllc of.
Fan
£1 SalTadar
Ulniguaj
1,500
5
75
Aala;
Thailand
Other Aala
3,600
33,920
1,782
23,614
592,460
137,927
128,676
85,609
28,063
423,132
1,000
11,715
20
13,905
39,431
312
4,332
13,334
2,597
19,875
6,408
130,267
357,015
45,013
260,220
80,007
71,403
5,247
25,392
2,741
33,261
2,391,493
2,242,820
1,484,089
652,860
105,871
147,876
83,066
32,536
15,972
32,995
139,245
79,326
31,717
15,056
28,076
36,748
13,139
3,478
5,508
320
3,180
3,074
819
909
775
142
103,153
19,934
84,519
39,100
13,070
600
8,000
4,900
13,734
3,840
34,701
3C9,8U
257,328
168,476
65,670
23,182
43,U9
1,718,849
1,718,824
268,111
1,450,733
Other cotfitrlea:
Australia
Be 1«1K Congo
Bg»J»l/
Uiloo ot South Africa.
All other
Total other cotntrlea.
IntamatlGoal,
Grand total.
1/
i,fp
17,142,982
U,559,U6
U,253
U,136
6,773,393
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on liabilities to Syria are reported annually and appear in
Section H, Table 5.
481
1
47,352
6,625,106
503
U,703
145,9
1,160,947
5
162
560
75
849
3,840
31,728
60
7
602
2,371
1,079
1,391
40,266
737
2,U6
3,037
1,974,943
306,719
242,667
59,207
25
25
2,524,329-
62
2,650
Treasury Bulletin
70
.CAPITAL MOVIMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of May 31, 1959
(Position In UiooaandA of dolljva)
rtirt of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are
included in "Other Asia,"
July 1959
71
.CAPITAL MOVUffiMTS.
Section III
-
Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by ForelgnerB during May 1959
(In thousands of dollars)
Treasury Bulletin
72
.CAPITAL MOVQffiNTS.
Section IV - Supplementary Data by Countries
Table 1.- aiort-Term Liabilities to and Claims on Foreigners Reported by Nonflnancial Concerns
(Position at end of period in thousands of dollaTB)
i/
Ml
1959
il>
.CXMSUaVfK TABLE OF COMTENTS.
August 1058 through July 1950
lasue and page number
1958
Aug.
Sept.
1959
Oct.
Apr.
May
8
8
9
10
Reporting bases
Articles
Treasury financing operations
A-1
Summary of Federal fiscal operfltlons
Budget receipts and expenditures!
Receipts by principal sources..
Expenditures by agencies
Summary of appropriations and authorizations, expenditures,
and balances , by agencies
Expenditures and balances by functions
Trust account and other trapsactions t
trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities....
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Survivors Insurance Trust Fund
Unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts In public debt securities
by issues (latest date March 31, 1959)
SuESQiary of
8
8
9
10
8
8
8
9
10
8
9
10
11
11
11
11
12
12
8
8
8
8
8
9
10
9
10
9
10
8
8
9
10
13
04
U
14
IjV
U
U
U
15
15
15
15
17
17
13
13
U
U
U
9
10
11
12
12
13
U
8
8
13
Cash income and outgo
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer s account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treaaurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
'
17
17
13
13
13
17
17
U
H
U
18
18
14
15
15
15
15
18
19
19
18
19
19
16
16
22
23
18
19
18
19
22
23
18
19
24
25
24
20
21
20
20
21
20
24
20
20
21
25
21
22
21
22
25
26
21
22
23
23
24
24
26
27
28
18
18
19
19
13
13
17
17
14
18
U
18
19
19
13
13
H
U
15
15
15
15
16
16
22
23
18
19
18
19
22
23
18
19
20
20
21
24
24
25
20
20
21
20
20
21
24
24
25
20
20
21
21
22
23
25
26
27
21
21
22
23
25
26
27
21
22
23
24
24
28
24
24
28
25
25
29
25
25
29
26
27
30
31
27
28
27
29
31
27
29
27
29
31
33
28
32
29
31
35
31
31
35
15
15
16
Account of the Treasurer of the United States :
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Debt outstanding
SuBinary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special lasueB to U. S. Government investment accounts
Treasury holdings of securities Issued by Government agencies
26
Statutory debt limitation
25
24
22
23
23
24
Public Debt Operations
Maturity schedule of interest-bearing public marketable securities.
Matxirity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through Treasury billa
New money financing through regular weekly Treasury bills
Offerings of marketable Issues of Treasury bonds, notes, and
certificates of indebtedness
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for marketable
Issues of Treasury bonds, notes, and certificates of indebtedness.
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasxury bllla....
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of indebtedness
Disposition of matured public aarketabla securities other than
regular weekly Treasury bills
30
31
25
27
33
29
31
35
31
31
35
32
34
38
34
34
38
37
33
33
37
34
36
40
36
36
40
34
(Continued on follcwing page)
36
:
:
:
:
:
;
Treasury Bulletin
7^
.CUMULATIVE TABLE OF COBTEinS.
August 1958 through July 1059
-
(Continued)
Isaue and page number
1959
1958
Aug.
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined.
Sales by States, Series E and H combined
iO
iO
il
a
u
Sept.
36
36
37
39
Oct.
Nov.
36
36
37
39
40
40
41
Dec
Jan,
Apr.
May
39
39
40
42
39
39
40
42
43
43
43
43
48
Feb.
Mar
43
43
40
40
41
39
39
40
43
37
37
38
40
42
46
47
43
45
41
43
49
45
43
49
43
43
50
44
44
48
49
45
51
45
45
50
45
U
i5
U
44
46
47
43
Ownership of Federal securities
Distribution by classes of investors and types of Issues
Net market purchases or sales for Investment accoiuits handled by
the Treasury
Estimated ownership
Ab
40
40
Ub
40
41
40
41
46
41
42
42
42
47
43
U
U
U
45
Treasury survey of ownership of Feder al seciirities
(X/nershlp by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1958)
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
48
46
52
5i
49
49
51
55
53
55
49
51
54
56
50
57
54
52
55
53
58
59
56
57
52
53
57
58
53
54
51
56
54
60
58
54
52
57
55
61
59
60
55
59
60
52
62
63
63
63
63
64
65
64
65
56
57
57
58
59
46
4S
51
49
50
55
56
57
50
52
53
47
49
52
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....
55
56
Internal revenue collections;
Summary by principal sources
Chart - Internal revenue collections by principal sources.
Detail of excise tax collections
Monetary fltatlstlcB
57
58
55
55
57
:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock.
Seigniorage
Increment from reduction in weight of gold dollar (latest date
March 3 1 1959 )
59
60
60
61
62
58
59
60
60
61
62
56
57
57
58
59
59
59
60
61
,
Exchange Stabilization Fund (latest date December 31, 1958);
Balance sheet
Income and expense
63
62
64
63
61
59
62
62
63
50
50
61
64
62
65
64
66
67
65
66
National bank reports
Earnings, expenses, and dividends for calendar years 195A-58
Capital movements between the United States and foreign countries
Summary by periods since 1935
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonf inancial concerns
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported.
Purchases and sales of long-term securities by foreigners during
calendar year 1958
Corporations and certain other buaineas-type activities;
Statements of financial condition (latest date March 31, 1959)..
Income and expense (latest date December 31, 1958)
Source and application of funds (latest date December 31, 1958).
63
65
63
68
72
73
66
70
71
74
72
74
75
57
60
64
65
66
67
64
67
71
72
60
60
68
63
63
67
68
67
68
71
75
76
74
69
69
70
77
66
69
60
73
67
68
74
75
63
69
70
67
70
74
75
76
64
67
71
72
73
70
'76
'74
71
77
78
79
75
81
73
72
92
77
73
79
98
GPO 87«70
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25,
D.C.
OFFICIAL BUSINESS
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L<.-/j
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@FedFRASER