Full text of Treasury Bulletin : July 1964
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
LIBRARY
ROOM 5025
SEP
81965
TREASURY DEPARTMENT
LIBRARY
pnnivi
JUN
9,
5030
3 1972
TREASURY DEPARTMENT
JULY 1964
TREASURY
!
r
iiifin!innr!nnnnn~--''
ssrr
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C
Subscription per year $8.50 domestic, $11.00 foreigi
Single copy price varies
.
July
1964
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
10
Consolidated cash transactions
15
Account of the Treasurer of the United States.
.
18
Debt outstanding
21
Statutory debt limitation
26
Public debt operations
27
United States savings bonds
61
Ownership of Federal securities
65
Treasury survey of ownership of Federal
securities
67
Market quotations on Treasury securities
71
Average yields of long-term bonds
74.
Monetary statistics
76
Exchange Stabilization Fund
80
International financial statistics
82
Capital movements
84.
Foreign currencies acquired by the United
States without purchase with dollars
102
Cumulative table of contents
104
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Balances of the United States Government" and
In the "Treasury Bulletin" are based largely on two Treasury
for actual receipts and expenditures In the "Budget of the
financial reports, the "Dally Statement of the United States
United States Government."
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain mone-
Beginning with the final statement for the fiscal
year i960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain lnterfund transactions which are Included In
tary statistics are based at least In part on the "Circulation Statement of United States Money."
Where these state-
ments are given as sources for Individual tables, they are
Their respective reporting bases are
For other data In the Bulletin, Informa-
the detail of both budget receipts and budget expenditures.
cited by name only.
The transactions deducted consist of Interest payments and
described below.
tion on sources or reporting bases Is given In connection
minor amounts of certain other payments made by Government
with the tables themselves.
This reporting change was made In
agencies to the Treasury.
accordance with the plan stated In the President's Budget
The monthly statement of receipts and expenditures
aIiA replaced the
M e88ag e
f
January IS, i960.
It does not affect the surplus
was first published for February 195^.
or deficit.
dally statement as the primary source of Information on
ury Bulletin were revised to the new reporting basis In the
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
dally statement was changed to a statement of cash deposits
September i960 issue. The lnterfund transactions deducted
under this procedure do not Include payments to the Treas-
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953.
Th e announcement of February 17,
1954, with respect to these reporting changes may be found
in the April 1954 issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures of the Government,
including those made from cash
accounts held outside the United States Treasury. The
Information is complied from reports by the Treasurer of
the United States and by all other collecting and disbursing agencies, Including those agencies 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
Figures for earlier periods shown In the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
and figures for prior fiscal years back through 1932
1946,
were revised accordingly at that time.
The dally statement on the new basis was first issued
for February 17,
shown,
195^.
*n
the deposits and withdrawals as
no distinction is made as to the type of accounts
(budget,
trust,
etc.).
The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States.
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer' 8 account.
Some of the withdrawal classi-
fications shown are reported on the basis of mailed reports
of checks Issued and are adjusted by means of clearing ac-
a6 compiled from these reports Is reconciled In the monthly
counts to the total of checks paid.
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
minor amounts, noncash lnterfund and other lntragovernmental
changes in the public debt outstanding.
daily statement also are on a "clearance" basis, with the
Receipts, of taxes and customs duties are reported on a
collections basis.
Other receipts are reported partially
transactions are excluded.
Except for relatively
The public debt figures in the
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Noncash debt transactions are Included, however.
on a collections basis and partially on a deposits basis.
Banks.
Expenditures, except Interest on the public debt, are reported on the basis of checks Issued or cash payments made
The dally statement before February 17, 1954, covered
not only transactions cleared through the Treasurer's ac-
by disbursing officers.
Transactions of an lnterfund or
lntragovernmental nature are Included on the same basis
even though the actual Issuance of checks 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 payable basis.
The same reporting basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
count but also certain Government agency transactions which
were handled through commercial bank accounts,
and Included
noncash lnterfund and other lntragovernmental transactions.
It provided information similar to that In the present dally
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of-month dally
statement with respect to debt Issuance, retirement,
amount outstanding.
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
in
1964
July
Reporting Bases
In the dally statement were used a* the basis for reflecting
the results under the President
'
s
budget program as enacted
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer'
8
account.
Expenditures cleared through the
-
(Continued)
dled through commercial bank accounts, consisting of market
transactions In public debt and guaranteed securities, were
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November 19^ and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account were reported on two successive
bases.
Through
19^
they were on the basis of checks paid
the Treasurer's account which affect monetary stocks of gold
Beginning with 19^7.
and silver and the amounts of coin and currency In the money
supply of the country.
It Is Issued later than the dally
by the Treasurer of the United States.
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizaTransactions hantions, were on the basis of checks paid.
Note:
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.
Where calculations have been made from unrounded figures,
the details may not check to the totals shown.
July
1964
JUl
Treasury Financing Operations
July Advance Refunding
On July 8, 1964, the Treasury offered to holders of the
July
13
through
four note issues due in August and November of this year and
vited.
five other selected note and bond issues maturing from May 1965
July 24, 196^.
to
February 1967, an opportunity to extend the maturity of
July 16.
Cash subscriptions were not in-
Payment for the new issues was required on or before
Exchange subscriptions received, on the basis of pre-
their holdings by exchanging them in advance of their ma-
liminary reports, totaled $4,354 million for the 4-1/8 percent
turities for issues at attractive yields.
bonds, $3,726 million for the reopened 4 percent bonds and
Offered in ex-
Securities issued in exchange
Securities eligible
for exchange
1964 maturities:
3-3/4$ notes, E-1964, maturing
August 15, 1964
5$ notes, B-1964, maturing
August 15, 1964
3-3/4$ notes, F-1964, maturing
November 15, 1 964
4-7/8$ notes, C-1964, maturing
November 15, 1964
1965-67 maturities :
3-7/8$ notes, C-1965, maturing
May 15, 1965
3-5/8$ notes, B-1966, maturing
February 15, 1966
3-3/4$ bonds of 1966, maturing
May 15, 1966
4$ notes, A-1966, maturing
August 15, 1966
3-5/8$ notes, B-1967, maturing
February 15, 1967
Total
Amount
of
eligible
securities
outstanding
$4,086
2,045
5,961
3,867
7,977
5,653
2,862
5,820
3,475
41 ,746
4-1/8$
4-1/4$
4$
bonds of bonds of bonds of
1987-92
1969
1973
634
Not
exTotal changed
Securities eligible
for exchange held by
Federal
Reserve
Banks and
Government
investment
accounts \J
Treasury Bulletin
A-2
Treasury Financing Operations
"The Treasury is in a position to undertake this
advance refunding operation because its immediate
cash needs are much smaller than had been anticipated
earlier. At this time, cash borrowing is being
confined to increases in the weekly bill issue,
beginning with $100 million for the issue dated
July 16. The Treasury's cash needs over the balance
of the calendar quarter will require sufficient
Subscribers
-
(Continued)
Exchanges were made on a par for par basis with accrued
interest adjustments and cash payments (on account of the issue
prices of the new bonds), to or payable by the subscribers.
The amount of the offering was limited to the amount of securities accepted in exchange.
securities had to furnish
Subscribers requesting registered
appropriate identifying numbers as
July
1964
A-3
Treasury Financing Operations
-
(Continued)
Treasury Bulletin
A-4
Treasury Financing Operations
-
(Continued)
change to the extent that money (other than interest) is re-
is the cost basis in the old securities reduced by the amount
ceived by the security holder in connection with the exchange.
of the payment.
Accordingly, if the fair market value (the mean of bid and
If a premium was paid by the subscriber no gain or loss
asked quotations on the date subscriptions are submitted) of
will be recognized; but the tax basis in the new securities is
the new securities issued plus the amount paid to the investor
his cost basis in the old securities increased by the amount of
(discount) exceeded the investor's cost basis of the securities
the premium.
Securities offered in exchange
Securities eligible
for exchange
Approximate investment
yield from July 22, 1964.
to maturity 1/
4* bonds
4-1/8*
of Oct. 1, bonds of
Nov. 15,
1969 1/
1973
1964 maturities:
3-3/4* notes, E-1964, maturing
Aug. 15, 1964
5* notes, B-1964, maturing
Aug. 15, 1964
3-3/4* notes, F-1964, maturing
Nov. 15, 1964
4-7/8* notes, C-1964, maturing
Nov. 15, 1964
1965-67 maturities:
3-7/8* notes, C-1965, maturing
May 15, 1965
3-5/8* notes, B-1966, maturing
Feb. 15, 1966
3-3/4* bonds of 1966, maturing
May 15, 1966
4* notes, A-1966, maturing
Aug. 15, 1966
3-5/8* notes, B-1967, maturing
Feb. 15, 1967
4.06*
4.22*
4.06
4.22
4.06
4.22
4.06
4.22
4.08
4-1/4* bonds
of Aug. 15,
1987-92 to
first call or
maturity J/
Approximate reinvestment rate
for the extension period 2/
4* bonds
of Oct. 1,
1969 3/
4-1/8*
bonds of
4-1/4* bonds of
Aug. 15, 1987-92
V
Nov. 15,
1973
To first To
maturity
call
.
July
A-5
1964
Treasury Financing Operations
thereupon constitute part of his estate
Banks under supervision of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System,
-
(Continued)
the United States at par and accrued interest on and after
August 15, 1987.
The three bonds were issued as bearer bonds, with interest
and the Federal Deposit Insurance Corporation were permitted to
coupons attached, and bonds registered as to principal and
place the new securities received in exchange for the five
interest in denominations of $500, $1,000, $5,000, $10,000,
eligible securities maturing 1965-67, on their books at any
$100,000, and $1,000,000.
amount not greater than the amount at which the eligible secu-
rities surrendered were carried on their books, plus the amount
of premium, if any, paid on the new securities, or reduced by
One-Year Bills
Tenders totaling $2,393 million were received for the
the amount of discount, if any, received and increased by the
July 1 cash offering of $1.0 billion, or thereabouts, of
amount of gain recognized, if any.
358-day Treasury bills.
The extension of maturity effected by the various exchanges is shown in the table following.
Securities eligible
Acceptances of tenders at the average
bank discount rate of 3.691 percent totaled $1,001 million,
including $21 million of noncompetitive tenders for $200,000
Treasury Bulletin
JU6
Treasury Financing Operations
-
(Continued)
Tenders were received without deposit from incorporated banks
The new certificates consist of one 3-month issue with
and trust companies and from responsible and recognized dealers
interest at 3.50 percent and two 6-month issues with interest
in investment securities.
Tenders from others were required
at 3.50 percent and 3.60 percent, respectively.
As of June 30,
to be accompanied by payment of 2 percent of the face amount
1964, the outstanding foreign series securities totaled $392
of Treasury bills applied for, or by an express guaranty of
million.
payment by an incorporated bank or trust company.
Foreign currency securities outstanding on June 30 were
equivalent to $832 million and were denominated in Austrian
schillings, Belgian francs, German marks, and Swiss francs.
13-Week and 26-Week Bills
Regular weekly Treasury bills issued in June totaled $8.4
billion, refunding an equivalent amount maturing.
The new
issues consisted of four weekly issues of 13-week bills for
$1.2 billion each and four weekly issues of 26-week bills for
$0.9 billion each.
day terms.
All of the new bills carry 91-day or 182-
Average rates of discount on the bills are shown
in the table following.
13-week
(Additional amount of bills of
original maturity of 26 weeks)
.
July
s
,
1964
SIM1ARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Net
receipts
Period
Fiscal years:
1950..
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
97,900
-4,900
37,235
52,877
64,705
63,654
60,938
63,119
70,616
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
71 ,749
68,262
72,738
79,518
78,157
84,709
87,516
1961
1962
1963
Months
1962-July
Aug
Sept
Oct
Nov
3/
93,000
19o5 (Est.).
86,376
89,368
1952
1953
1954
1955
1956
1957
1958
1959
1960
C-)
97,671
81 ,409
1951
Surplus
or
deficit
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-8,303
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
1962
1963
1964P
Calendar years
1950
Expenditures
Net of
trust
and other
transactions
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,787
92,642
91 ,907
94,188
Net
increase
Clearing
account,
etc. 2/
in
public
debt, or
decrease
(-)
99
679
483
-214
147
-401
435
328
-250
-303
284
522
-523
231
-194
4,587
-2,135
3,883
6,966
5,189
3,115
331
448
196
783
-257
-43
5,200
311
87
-106
-319
-209
-34
376
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
530
-6
-145
507
-21
224
109
-237
154
204
183
493
-551
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
586
-329
-50
-602
436
97
2,047
1,839
-388
-2,299
2,096
-1 ,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
195
633
Net
increase in
Treasurer'
account
balance, or
decrease (-)
-423
-447
2,711
62
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
1,770
-1 ,488
603
-635
-117
179
355
622
828
83
1,015
-134
-581
5,952
7,301
5,877
Levels, end of period
Debt outstanding
Treasurer's
account
balance
Public
debt
,036
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
8,200
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
1 1
4,961
5,583
6,411
6,494
7,509
7,375
Guaranteed
securities
20
29
Total
Subject to
Federal
limitation
securities 2/
444
607
813
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
312,164
317,000
705
317,705
317,350
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
24
42
256,731
259,461
267, 445
275, 244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
256,026
258,794
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
298,324
302,312
299,986
302,553
305,893
303,988
297,891
301,938
299,612
302,181
305,521
303,616
46
52
81
44
74
107
101
111
140
240
54
76
34
53
103
104
109
127
156
330
518
742
:
Dec
1963-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
1964-Jan
Feb
Mar
Apr
May
June p .
7,252
5,533
7,305
9,663
5,735
6,953
12,061
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
3,547
7,290
10,095
3,400
7,863
8,305
7,815
8,776
7,784
8,289
-4,316
-1,015
2,279
-5,377
-652
8,492
-2,639
526
2,277
-1,322
-1,375
2,797
7,131
8,803
.
-3,686
-1,452
2,727
-5,494
3,566
7,089
10,053
3,030
7,027
8,360
5,853
8,047
10,148
6,609
6,136
12,310
8,541
7,327
8,524
8,070
7,572
7,521
7,871
7,930
7,511
9,513
-1 ,042
788
542
1,857
-1,854
-516
4,346
514
208
-59
-126
-15
106
457
-126
404
-270
269
-223
-529
192
-7
155
93
135
76
-130
581
-41
607
-436
-639
-248
-304
481
189
-1,796
1,075
635
-206
864
-260
-320
-325
3,966
-2,344
2,569
3,323
-1,920
-4,051
2,151
738
-2,750
-53
1,221
-2,024
-1,645
806
-1,672
978
4,558
5,485
7,446
8,252
6,579
7,558
12,116
303.417
304,638
302,993
303,166
305,204
305,860
548
562
577
607
303,948
305,179
303,541
303,728
305,781
306,466
303,577
304,809
303,172
303,359
305,413
306,099
31
-5,118
-152
2,938
-5,273
760
2,105
6,998
6,846
9,783
4,510
5,270
7,375
304,835
306,535
306,635
306,442
308,215
309,347
647
674
693
705
718
742
305,482
307,209
307,328
307,147
308,933
310,089
305,115
306,842
306,962
306,781
308,567
309,724
-3,111
2,531
1,861
-2,571
2,215
2,735
4,264
6,795
8,656
6,085
8,300
11,036
308,577
310,357
309,590
307,601
311,532
311,713
762
793
818
802
805
813
309,339
308,975
310,786
310,045
308,040
311,975
312,164
400
1,961
173
2,038
656
35
-830
402
204
-495
591
-1,025
1,700
100
-193
1,773
1,132
383
428
-357
392
-770
1,780
133
-1 ,989
95
397
3,931
-767
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates, including
effects of proposed legislation, are from the 1965 Budget document,
released January 21, 1964. Revised estimates of administrative budget
receipts and expenditures for fiscal years 1964 and 1965 were submitted
to the President, by the Secretary of the Treasury and the Director of
the Budget, and announced by the White House on May 22, 1964, as
follows (in billions): fiscal year 1964, receipts $89.5, expenditures
$98.3, deficit $8.8; fiscal year 1965, receipts $91.5, expenditures
More detail for data on this page are shown in
$97.3, deficit $5.8.
succeeding tables.
Excess of receipts, or expenditures (-) . For detail, see pages 10-15
For checks outstanding and telegraphic reports from Federal Reser/e
banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949 as
181
2/
297,876
301 ,842
299,498
302,067
305,390
303,470
448
470
487
486
503
518
531
541
3.1 1
, 1
50
310,408
308,402
312,337
312,526
interest checks and coupons outstanding); also deposits in transit and
changes in cash held outside the Treasury and in certain other accounts beginning with the fiscal year 1954. Net increase, or decrease
Source:
i/
6,380
8,530
9,268
6,518
7,109
7,509
2/
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations in
effect during the period covered by this table and the date when each
became effective are as follows: $275 billion on June 26, 1946; $281
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26, 1958; $288 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on July
1, 1959; $293 billion on July 1, 1960; $298 billion on July 1, 1961; $300
billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on
April 1, 1963; $307 billion on May 29, 1963; $309 billion on July 1,
1963; $315 billion on December 1, 1963; and $324 billion on June 29,
1964.
p
Preliminary.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
[In millions of dollars)
July
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Treasury Bulletin
.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1950
63
'51
DOLLARS
DOLLARS"
Billions
Billions
67.5
67.5
650
65.0
Jndividuol Income Tax and
62.5
.
Employment Taxes*
600
57.5
550
52.5
50.0
47.5
450
425
40.0
375
350
32.5
30.0
27.5
250
225
20.0
17.5
150
I
1950
'52
54
56
'58
'60
'62
"64
225
'64
..
..
. .
.
1964
July
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Fiscal year
or month
Executive
LegisOffice
lative Judiciary
of the
Branch
President
Funds
appropriated
to the
President
Agriculture
Department
11
4,115
4,081
5,006
4,875
56
4,109
10
1957
1958
1959
97
99
118
39
44
47
1960
126
134
153
49
56
52
57
70
29
1961
1962
1963
Commerce
Department
Health,
Education, Interior
and
DepartCivil
Welfare
ment
functions Department
Defense Department
Military
7,091
562 2/
645
382
41,233
,764 2/
1,808
2,053
3,968
4,089
5,419
5,929
6,669
7,735
7,926
539
498
594
676
685
42,824
44,677
48,205
48,252
49,749
999
1,128
1,153
1
38,439
39,06.:'
639
733
807
2,295
2,645
3,092
572
666
902
3,403
3,685
4,215
4,909
5,490
690
908
1,029
1,126
971
Justice
Department
214
229
250
751
801
418
567
1,016
547
341
475
382
-13
85
79
29
525
914
797
770
62
23
152
65
23
1965 (Est.)
179
72
3,733
5,815
833
50,000
1,192
5,853
1,148
343
667
14
10
13
5
320
295
264
983
75
441
676
111
387
89
117
117
26
34
24
97
67
52
99
106
464
871
3,848
4,047
3,916
970
638
712
76
45
4,316
3,818
4,290
122
95
94
490
389
413
106
24
25
27
67
65
4,117
4,040
4,143
88
70
76
513
93
99
72
35
25
77
-224
26
48
4,215
4,265
5,103
85
26
26
33
31
5
October. .
November .
December.
13
10
13
6
5
318
342
236
1964- January.
February.
15
16
5
192
5
9
6
281
171
788
567
567
13
12
13
6
519
253
76
5
333
363
6
604
383
56
.
March
April
.
May.
.
.
June p.
5
41
53
48
31
91
91
496
489
75
538
210
132
661
78
84
89
21
71
Atomic
Fiscal year
or month
Other
6/
Energy-
Federal
Aviation
Agency
General
Services
Administration
On
public
debt 57
On
refunds
of taxes
1957
1958
1959
7,244
7,607
7,593
57
74
69
748
1,990
765
2,268
2,178 137 2,541
1960
1964P
9,180
8,957
9,120
9,895
10,673
76
83
68
74
88
875
987
985
1,059
1,193
2,623
2,713
2,806
2,758
2,765
751
1965 (Est.)...
11,000
90
1,246
2,735
11
September
882
850
856
107
97
87
254
229
215
October.
November
December.
865
863
903
20
4
4
96
242
220
230
69
5
131
February
925
880
7
78
228
228
73
58
March.
907
4
99
221
64
54
895
899
948
6
7
87
96
55
55
50
50
6
133
233
223
242
1961
1962
1963
1963- July
August.
.
1964- January.
. .
April ....
May
June p...
Source:
91
90
Commission
U
Housing
and
Home
Finance
Agency
570
425
359
-23
199
1,152
408
387
445
466
600
309
502
829
55
441
508
638
698
726
77
60
56
63
66
National
Veterans
AeroAdmininautics
and Space stration
Other
independent
agencies
Columbia
2/
Adm. 8/
12/
911
26
69,433
25
71 ,936
145
940
956
31
80,697
401
5,250
5,392
5,173
28
50
72
66
349
744
1,257
2,552
4,171
224
794
937
293
160
77,233
82,169
88,419
93,155
98,334
578
149
4,990
5,066
-85
98,500 15/
39
53
48
84
69
-13
270
285
287
467
465
437
-154
23
93
98
3
45
50
56
7
342
41
301
23
372
462
453
454
72
133
64
59
201
48
-79
-2
355
317
359
479
450
454
68
48
27
89
-60
-12
452
326
504
414
448
499
-312
48
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases, see
page II); estimates, including effect of proposed legislation, are from
the 1965 Budget document released January 21, 1964.
Revised estimates
of administrative budget receipts and expenditures for fiscal years
1964 and 1965 were submitted to the President, by the Secretary of the
Treasury and the Director of the Budget, and announced by the White
house on May 22, 1964, as follows (in billions): fiscal year 1964, receipts
$89.5, expenditures $98.3, deficit $8.8; fiscal year 1965, receipts
$91.5, expenditures $97.3, deficit $5.8.
Note:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 6. Agency shifts are
reflected in this table as follows:
Beginning 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies;"
739
410
5,401
5,481
71
-48
57
1
1
1
17
1
-15
1
25
27
34
24
3
Total
budget
expenditures
11/
467
567
355
68,966
71,369
80,342
694
654
633
664
76,539
81,515
87,787
92,642
97,671
600
97,900 15/
513
8,108
8,357
7,843
245
8,788
7,784
8,315
11
8,573
7,641
7,883
80
7,945
7,537
9,561
41
44
64
45
Less:
interfund
transactions
10/
4,805
5,098
5,232
59
59
30
24
Total byagencies
247
258
307
408
-15
145
28
26
District
of
32
22
30
65
68
Treasury Department
Interest
179
206
272
620
257
370
549
831 4/
U7
5
518
674
774
258
284
294
317
332
1964P
1963- July.
August. . .
September,
Post
State
Office
DepartDepartment
ment 1/
Labor
Department
52
28
1
26
7,863
8,305
7,815
8,776
7,784
8,289
8,492
120
12
7,521
7,871
15
7,930
7,511
9,513
26
47
beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to Independent agencies," Civil
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration;" from fiscal I960 through November 1962, and from December 1963,
through March 1964, military assistance from "Funds appropriated to
the President" to "Defense Department, military," and beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President,"
1/ Consists of net expenditures of the Postal Fund, reflecting the
change in classification of Post Office transactions to a public
enterprise revolving fund basis, and beginning fiscal I960, payment
for public services.
2/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
2/ Adjusted for reclassification.
Remaining footnotes on following page.
...
'
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury 1/
Fiscal
year or
month
Total
interest
Commodity
Credit
Corp.
ExportImport
Bank of
Washington 2/
1957
1958
1959
467
456
340
24
567
355
557
342
421
181
41
1960
694
654
633
465
410
330
186
199
31
46
43
Housing
and
Home
Finance
Agency
3/
47
45
39
90
118
146
160
152
664
682
640
620
499
648
1965 (Est.)...
600
584
268
176
1963- July
August. .
September
245
52
28
245
52
28
193
50
25
October.
November
December.
11
6
1961
1962
1963
196Ap
1
513
1
26
964- January
February.
March.
80
77
120
12
120
12
April. . .
May
June p...
15
11
26
47
26
.
51
34
Small
Business
Admin.
Tennessee
Valley
Authority
6
1
11
3
9
7
9
7
15
14
9
9
10
11
Veterans
Administration
4/
Under
Defense
Production
Act 57
10
14
19
24
30
42
23
32
20
27
47
35
6
8
6
49
154
32
50
40
25
1
44
-
73
24
Other
6/
16
18
22
26
1
26
. .
1
57
Panama
Canal
Company
July
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of May 31, 1964
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Additions
Agency
Unexpended
balances
brought forward
July 1, 1963
1/2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President jj
Agriculture Department
Commerce Department
Defense Department:
Military 7/
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to
Total
Appropriations
2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 7/
Agriculture Department
Commerce Department
Defense Department:
Military 7/
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to
Adjustment to monthly statement of receipts and
expenditures of the Government
Total
Deduct:
-16
5
172
66
25
25
15,867
3,206
1,151
3,312
6,985
805
3,312
7,553
792
30,179
320
48,912
1,146
2,084
536
322
420
140
425
1,581
603
675
12,958
2,278
1,186
11,786
97
5,684
1,139
344
381
652
354
11,865
2,743
833
632
473
5,100
5,385
1,106
75
85,936
98,189
33
Expenditures
Rescissions,
cancellations,
and other
adjustments 8/
48,912
1,146
Total budget expenditures
1
-20
-121
518
150
1
-125
1,224
1
,865
2,743
813
632
870
5,100
5,535
1,115
76
99,289
Unexpended balances May 31, 1964
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
21
20
92
12
7
15,777
3,214
7
-84
3,486
7,544
629
1
3
44,650
1,021
Total 2/
2/
12
9,778
1,223
810
5,999
1,883
300
34,282
435
10
108
197
1,311
160
34,442
445
»
4,830
1,037
299
345
2,939
552
361
10
168
3,666
4,982
208
2
71
39
10
526
77
358
572
155
1,172
1,802
725
745
1,068
3,711
1,188
1,298
124
189
63,085
501
338
10,866
2,522
684
-4
2,939
115
661
77
358
572
155
1,422
250
7
8,375
2,931
925
431
10,401
14
909
27,670
3,552
1,956
119
1,802
732
745
13,299
3,711
1,738
12,622
124
1/
96,262
616
88,157
Source:
Bureau of Accounts.
Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
1/ Includes same categories as shown at end of current period.
2/ Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations.
Consists of authorization 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.
Consists of transfers between appropriations; net borrowings from, or
repayments to (-), the Treasury and the public under authority to
7/
8/
I
w
5,684
1,163
344
331
652
353
18
72
139
59
156
66
22
-17
546
4
Transfers,
borrowings,
investments
Total
3
81
88,774
Certain interfund transactions
fiscal year 1964- to date
Authorizations
Other authorito expend from
zations %/
debt receipts tj
Deductions, fiscal year 1964 to date
Agency
,
Increase
2/
10/
*
expend from debt receipts; and net investment in, or sale of (-),
public debt securities and certain guaranteed securities issued by
Government enterprises.
Transactions for Foreign assistance-military are shown under Bunds
appropriated to the President.
Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority
and contract authority; capital transfers to miscellaneous receipts;
and other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises.
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary
data used in the monthly statement of receipts and expenditures of the
Government.
Less than $500,000.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years;
In millions of dollars)
July
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Continued)
(Fiscal years; in millions of dollars)
1964 through May Y/
Functions
Interest :
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Total interest
General government
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
:
Total general government
Undistributed
Total
Less:
Certain interfund transactions included in
both expenditures and receipts
Budget expenditures (see table 3)
Function
code
number
1959
1960
1961
1962
1963
Expenditures
851
852
7,593
69
853
9
9,1£
76
10
Unexpended
balances
end of
period 2/
...
.
.
.
.
10
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transact Ions
(In millions of dollars)
Net receipts or
expenditures (-)
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-)
Net
receipts
Net
expenditures
1/
1/
Net sale, or investment
(-), by Government
agencies in public debt
securities 2/
Net sale, or redemption
(-), of securities of
Government agencies in
the market
1957
1958
1959
195
633
-329
1,363
829
-2,751
14,301
16,153
16,769
12,938
15,325
19,521
-2,339
-597
1,130
1,171
400
1,293
1960
1961
1962
1963
1964p
-50
-602
436
97
586
-870
790
-851
1,143
1,462
20,342
23,583
24,290
27,689
30,332
21,212
22,793
25,141
28,870
-925
-855
-493
-2,069
-2,756
1,746
-537
1,780
1,022
1,880
1965 (Est.)...
-257
1,500
30,872
29,372
-2,338
581
1963- July
August..
September
192
-7
155
-1,232
1,449
-685
1,419
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
575
171
328
265
October.
November.
December.
93
135
76
-1,304
795
-431
1,289
2,749
2,230
2,592
1,955
2,661
1,101
-481
-260
296
-179
767
1964-January.
February.
March. . .
-130
-41
-1,169
1,642
103
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
24
607
-436
-639
-993
2,677
610
1,942
4,744
3,119
2,935
2,067
2,509
1,491
-3,230
-1,751
109
117
April
May
June p...
581
,
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 1965 Budget document, released
January 21, 1964, including effects of proposed legislation.
Certain
transactions are excluded from both receipts and expenditures
1/
beginning with the July 1961 issue of the Bulletin. For details see
Table
6.
26, 545
502
Includes guaranteed securities (see Table 4).
2/
Note:
Figures in this table differ from those published prior to
August 1963 for shifts in classification including security transactions of Government-sponsored enterprises from deposit fund account
expenditures to net investment by Government agencies in public debt
securities, and net redemption of agency securities in the market; and
certain deposit fund account receipts from net receipts to net
expenditures.
Preliminary.
p
Table 2.- Trust Receipts
(In millions of dollars)
Dis-
Fed.
Railroad
Retirement
Account
F0ASI
Trust
Fund
ability
7,101
7,824
8,109
339
943
929
723
695
758
I960
1961
1962
1963
1964P
10,360
11,824
12,011
13,856
16,043
1,062
1,083
1,092
1,145
1,211
1965 (Est.)...
16,271
1963- July
August...
September
Fiscal year
or month
1957
1958
1959
Ins.
Trust
Fund
Unemployment
Trust
Fund
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees"
retirement
funds
1,912
1,855
1,997
608
640
634
69
67
63
1,397
1,458
1,403
1,051
1,081
1,128
1,192
2,703
3,803 4/
3,985
4,261
4,288
643
668
664
658
664
61
58
1,228
1,279
3,933
664
493
2,203
974
36
160
77
13
88
52
256
743
108
44
45
34
1
October.
November.
December.
442
1,534
1,218
35
112
104
34
84
68
187
460
162
47
33
40
1964-January.
February.
March. . .
112
2,170
1,380
7
15
92
70
234
735
114
53
159
99
34
42
81
17
90
568
256
899
134
April
May
June p.
.
1,042
2,970
1,506
217
123
Other
trust
receipts
1/
681
Total
trust and
other
receipts
Less:
Interfund
transactions
JL
Net
trust and
other
receipts
2L
638
1.7U
1,482
2,044
2,088
585
14,311
16,164
16,904
51
1,766
2,033
2,086
2,255
2,465
2,541
2,800
2,955
3,293
3,540
711
778
890
1,546
1,400
21,250
24,097
24,818
28,193
30,854
521
20,342
23,583
24,290
27,689
30,332
48
2,400
3,510
2,017
31,349
477
30,872
2
298
344
303
109
148
104
1,420
3,893
1,831
1
1
168
161
179
1,419
3,887
1,830
1
1
1
159
177
175
287
282
302
97
72
177
1,290
2,755
2,246
16
2
1
2
204
164
185
283
290
265
186
190
1,096
3,717
2,345
12
16
2
177
167
549
256
306
325
77
63
107
1,946
4,751
3,563
54
52
39
37
1
216
34
Source: See Table 1.
1/ Includes principally District of Columbia receipts from taxes and
from Federal contributions, loans, and grants; funds appropriated to
the President - military advances under foreign assistance programs
and mutual security trust funds; certain Department of Agriculture
receipts; Indian tribal funds; increment resulting from reduction in
the weight of the gold dollar; and the Railroad Unemployment Insurance Administration Fund through November 1958 (for treatment after
November 1958, see Table 10, published quarterly).
2/ For content see Table 6. These transactions are included in the detail
Highway
Trust
Fund
2/
y
p
71
10
11
135
908
515
528
505
6
1
1
6
8
4
7
443
14,301
16,153
16,769
1,289
2,749
2,230
1,088
3,705
2,330
1,942
4,744
3,119
of both trust receipts and trust expenditures, but are deducted from
the totals
Excludes certain interfund transactions consisting mainly of financial
interchanges between trust funds resulting in receipts and expenditures (see footnote 2).
Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax
Act are transferred currently to an administration account in the Unemployment Trust Fund pursuant to the Employment Security Act of 1960,
approved September 13, 1960 (42 U.S.C. 1101 (b)); see "Administrative
Budget Receipts and Expenditures," Table 1, footnote 12.
Preliminary.
.... .
.
July
)
'
1964
11
.TRUST AND OTHER TRANSACTIONS,
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
1957
1958
1959
6,665
1
8,041
181
9,380
361
1960
746
1,089
1,259
1964P
11,073
11,752
13,270
14,530
15,285
1965 (Est.)...
1963- July
August. .
September
October.
November
December.
964- January
February.
March
1961
1962
1963
1
.
April
May
June p.
. .
Railroad
Retirement
Account
682
730
778
1957
1958
1959
National
Service Life
Insurance
Fund
Government
Life
Insurance
Fund
1,644
3,148
3,054
515
544
562
86
120
80
2,736
4,734 2/
3,906
3,815
3,707
582
707
626
747
588
83
94
96
1,341
1,136
1,124
1,135
1,112
1,139
16,091
1,428
1,144
3,443
1,224
100
91
1,221
96
1,227
101
101
91
282
195
206
1,222
1,217
1,179
105
102
170
92
95
92
1,234
1,253
1,272
103
106
99
102
107
94
1,273
1,273
1,690
108
107
130
96
561
99
93
Trust and deposit
funds- (Continued
Fiscal year
or month
Unemployment
Trust
Fund
Other
trust
Deposit
funds
3./
(net)
Total
trust and
deposit funds
216
12,901
-31
-61
15,962
18,363
-75
205
21 ,636
Financing
by Treasury
Other
operations
79
73
896
955
1,063
1,183
1,326
2,945
2,620
2,784
3,017
3,646
430
57
1,499
3,650
39
6
35
33
5
5
106
109
108
314
357
390
-32
-18
27
230
256
292
36
30
32
5
111
108
108
414
382
345
-1
5
422
572
443
205
37
5
110
108
241
179
39
5
115
226
314
227
267
37
32
36
5
114
113
115
222
242
334
591
4
17
5
5
Farm
Credit
Administration
Federal
home loan
banks
5_/
Federal
Deposit
Insurance
Corporation
Total
trust
and
other
expenditures
41
-42
929
102
176
42
-16
946
-73
66
-730
-98
3
317
138
-9
-13
53
-16
-10
4
14
1
-3
3
-6
-20
-19
14
Less:
Interfund
transactions 6/
Net trust
and other
expenditures
V
274
116
562
-124
-628
854
-104
-115
-124
46
-627
1,292
12,947
15,335
19,655
437
396
374
481
468
182
-487
872
363
1,572
-134
-148
-154
-183
484
-239
1,092
685
1,857
22,120
23,308
25,669
27,050
29,392
521
21,212
22,793
25,141
26,545
28,870
-202
111
29,849
477
29,372
528
332
298
2,652
2,444
2,516
240
-115
358
2,594
1,960
2,677
6
16
-189
-247
-67
2,265
2,075
2,242
12
16
417
-27
329
2,940
2,074
2,952
4
7
443
1960
711
1961
697
835
1,208
1,052
146
-589
23,546
24,577
26,365
27,535
1965 (Est.)...
1,875
-17
29,738
413
-100
1963-July
August . .
September
79
114
46
-85
-104
-16
2,124
2,112
2,218
69
458
115
235
290
October.
November.
December.
81
60
-172
-115
-13
244
23
372
-4
-23
-9
2,354
2,075
2,319
1964- January.
February.
March. . .
103
82
99
-79
-112
-95
3,454
2,322
2,309
12
106
49
-144
-281
-118
-57
-72
April ....
May
June p...
77
276
129
-51
-202
292
-88
290
-4
80
161
2,523
2,102
2,623
1
-1
76
40
Source:
See Table 1.
1/ Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
2/ See Table 2, footnote 4.
3/ Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net).
The Railroad Unemployment Insurance Administration Fund
is included through November 1958 (see Table 10, published quarterly),
the Employees Life Insurance Fund (net) and the Employees' Health
Benefits Fund (net) beginning 1961.
1
Federal National
Mortgage Assoc. 1/
966
1,512
2,613
1962
1963
1964p
63
66
Highway
Trust
Fund
699
792
Government-sponsored enterprises (net) 4/
565 8/
915 8/
672 8/
-544
Federal
employees
retirement
funds
5/
6/
2/
8/
-161
-1
3
-15
-1
10
11
135
908
515
528
505
12,938
15,325
19,521
1
2,651
6
2,438
2,515
1
1
2,592
1,955
2,661
2,257
2,063
2,227
2,935
2,067
2,509
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperatives, Federal intermediate credit banks,
and Federal land banks.
For content see Table 6.
These transactions are included in the
detail of both trust receipts and trust expenditures, but are deducted
from the totals.
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-sponsored
enterprises.
Preliminary.
..
..
...
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Publ'lc Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
1957
1958
1959
Total 1/
Total
trust
accounts,
etc. 1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
Unemployment
Trust
Fund
325
729
552
36
-33
-35
274
-1,255
-1,011
494
264
-78
-63
-41
220
2,339
597
-1,130
2,302
506
-1,232
-499
-1,290
925
-726
-225
-1,089
-821
692
-129
-139
69
I960
1961
1962
1963
1964p
855
493
2,069
2,756
760
707
301
1,782
2,416
1965 (Est.)...
2,338
1,841
125
-204
1963- July
August.
September
-1,253
1,784
-575
-1,270
1,769
-594
-726
1,004
-275
October.
November.
December.
-1,101
481
260
-1,072
492
235
1964- January.
February.
March. . .
-1,328
830
167
-1,491
3,230
1,751
.
April
May
June p
. .
.
National
Service
Life
Insurance
Fund
404
418
-393
803
671
958
Other
trust
accounts,
etc. 1/
28
-24
97
99
*
-100
-428
45
-44
-25
-22
233
202
242
-69
93
301
72
234
-8
886
-140
33
6
-4
-3
-4
49
62
68
-22
48
-157
106
-3
-4
-4
47
68
64
-82
-87
-46
-99
41
-60
-14
-3
-5
94
68
112
104
93
86
48
88
-39
-279
-10
160
136
475
-72
46
-4
-71
-7
-53
-125
642
-100
-793
252
77
-71
-13
-49
-42
-18
-21
-98
247
-126
9
-1,345
822
273
-884
443
246
-80
4
16
-78
-19
-286
170
-225
-151
-9
-1,510
3,079
1,537
-707
1,882
172
-51
99
34
-84
-10
483
-205
772
-93
3
1
Federal
intermediate credit
banks 2/
Highway
Trust
Fund
871
1,063
1,034
1,075
1.126
-952
72
456
573
21
Federal
employees'
retirement
funds
-16
-56
-17
95
76
62
-44
44
-90
-72
285
Government
Life
Insurance
Fund
-21
-35
6
5
5
7
1
1
57
3
-31
-40
75
-3
-3
28
176
27
56
55
431
Trust accounts, etc. -(Continued)
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
1957
1958
1959
I960
1961
1962
1963
1964p
Total
Governmentsponsored
enterprises
1/
Banks
for
cooperatives
Federal
Federal
Deposit
home
Insurance loan
Corp.
banks
39
460
-70
104
115
124
-67
346
-299
239
30
771
43
134
148
154
161
183
102
287
-122
612
-141
434
Federal
land
banks
Federal
Intermediate
credit
banks 2/
105
1
2
-5
-2
-2
1
3
1
Total
public
enterprise
funds
Federal
Housing
Administration
Federal
intermediate
credit
banks 2/
-60
Production
credit
corpora
tions 2/
-40
Federal
National
Mortgage
Association 2/
Federal
Savings and
Loan Insurance Corp.
36
91
102
78
25
18
51
53
6
14
17
166
149
191
287
15
8
340
62
97
-32
36
114
42
-27
-63
Tennessee
Valley
Authority
14
14
18
19
18
34
229
269
244
Other
51
18
-12
-29
-10
-18
22
19
45
1965 (Est.)
304
202
100
497
127
1963- July.
Aug...
Sept..
-412
-1
18
-7
-411
-15
-27
17
16
19
25
11
-5
20
-1
Oct...
59
*
4
55
1
23
-23
392
-10
-3
1
1
-29
4
23
-1
393
-29
-12
26
-119
57
-1
-36
72
-3
17
8
Nov. .
Dec...
196 Wan...
Feb...
Mar...
Apr.
.
May...
June p
2
-34
88
-287
204
185
4
15
1
-176
-109
91
-106
-292
188
184
151
214
Source:
See Table 1.
1/ See Table 1, Note.
2/ See Table 3, footnote 8.
Managment and liquidating functions as provided by the Housing Act of
3_/
19
349
13
-113
24
101
37
-8
-2
-26
29
-2
4
*
6
-5
-9
V
«
1
6
28
196
-3
24
7
Investment includes
1954, approved August 2, 1954 (12 O.S.C. 1721).
guaranteed securities.
See also footnote 3.
Includes net transaction in guaranteed securities.
Less than $500,000.
Preliminary.
p
..,...
July
1964
13
.TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities In Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
Total 1/
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
i/
1957
1958
1959
-1,171
-400
-1,293
-33
6
-10
-33
6
-10
-1,137
-406
-1,283
I960
1961
1962
1963
1964P
-1,746
-29
-100
-204
-162
-206
-28
-81
-204
-162
-206
-1,717
638
-1,576
-860
-1,674
537
-1,780
-1,022
-1,880
-19
1965 CEst.)...
-581
43
43
-625
1963- July
August. ..
September
-171
-328
-265
-41
-27
-19
-41
-27
-19
-130
-301
-246
October.
November.
December.
-296
179
-767
-12
-13
-24
-12
-13
-24
-284
192
1964- January.
February.
March. .
289
230
-24
-20
-31
-25
-20
-31
-25
309
261
April
May
June p...
-109
-117
-502
16
-23
16
-23
11
11
-125
-95
-513
.
Federal
National
Mortgage
Association 2/
Federal
intermediate
credit
banks 2/
Home
Owners'
Loan
Corporation
136
-233
6
797
-743
2
Securities not guaranteed by the United States - (Continued)
Public enterprise
funds - (Cont.)
Fiscal year
or month
Tennessee
Valley
Authority
Federal
intermediate
credit
banks 2/
1963- July
August. .
September
October.
November.
December.
4/
Federal
home
loan
banks
191
282
-554
-46
-52
-48
-29
-39
-284
-35
-994
86
-359
597
262
-75
-135
-40
-25
10
33
-14
18
200
-750
-975
-1,431
Federal
intermediate
credit
banks 2/
-340
-144
-124
-132
-278
-182
-250
-220
-192
-174
-248
-235
-140
-46
-220
-264
-69
-30
-71
-1
15
91
-52
-299
3
5
-63
-764
92
114
76
23
3
320
389
27
-12
-54
-52
4
82
48
-100
-87
-89
-70
.
2
-22
10
30
.
Source:
See Table 1.
1/ See Table 1, Note.
2/ Classified as a public enterprise fund prior to January 1, 1957; as
trust enterprise fund January 1, 1957, to January 1, 1959; and as a
Government- sponsored enterprise thereafter.
2/
ij
*
p
Federal
land
banks
-230
-95
-242
-13
1964- January.
February.
March. . .
April. .
May
June p.
Banks
for
cooperatives
-46
-20
-86
-50
-95
1965 (Est. J...
Federal
National
Mortgage
Association
-950
-115
-125
-238
-225
58
1957
1958
1959
I960
1961
1962
1963
1964P
Government-sponsored enterprises
Trust enterprise funds
-474
Management and liquidating functions.
Secondary market operations.
Leas than $500,000.
Preliminary.
-39
-52
*
-91
3
1
.
.
..
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS,
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund
2/
V
Railroad
Retirement
Account
1/
2/
Unemployment
Trust
Fund 4/
Federal
employees'
retirement
funds
V
District
of
Columbia
Total
3
10
9
10
135
86
32
37
9
47
10
908
12
12
13
15
515
528
505
521
13
16
477
1963- July
August..
September
1
1
1
6
1
1
October.
November.
December.
1
1
1
6
16
1957
1958
195^
124
I960
1961
1962
1963
1964p
,
1965 (Est.)...
600
332
1
361
13
22
22
423
403
6
211
132
101
38
35
418
1964-January.
February
March
April
May
June p.
.
403
12
1
7
1
8
11
15
1
1
12
16
7
443
19
Source:
See Table 1.
1/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
2/ Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
2/ Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
11
tj
5/
6/
account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958,' transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability
Fund.
*
Less than $500,000.
p
Preliminary.
July
1964
15
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A).
payments are made.
Shown also is the amount of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
issuance of a few special public debt securities.
Revisions of the figures for
earlier years have been made where necessary to make them as
nearly comparable with current Budget classifications as available data will permit.
For this reason certain of the figures
These items consist of certain interest
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
differ somewhat from those published in previous Budget doc-
received from the public.
cuments as well as in the Bulletin.
public includes net borrowing by the Treasury through public
Federal cash borrowing from the
This series of cash transactions is designed to provide
debt transactions and also net borrowing by Government agencies
information on the flow of money between the public and the
and Government-sponsored enterprises through sales of their
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
Receipts and payments include transactions
net effect of all these transactions with the public is re-
both in administrative budget accounts and in trust and deposit
flected in changes in the balance in the Treasurer's account
the United States.
fund accounts
.
Major intragovernmental transactions which are
reported as both expenditures and receipts are excluded from
and in cash held outside the Treasury.
s
.
...
.
.
Treasury Bulletin
16
'CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Less:
Federal payments to the public
Equals:
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964p
Administrative budget
receipts
Trust
and other
receipts
(net)
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
(net)
public
Trust and
other
expenditures (net)
97,900
29,372
-4, 581
122,690
-2,948
4,693
10,960
11,652
4,423
9,617
10,503
7,863
8,305
7,815
8,776
7,784
8,289
2,651
2,438
2,515
2,592
1,955
2,661
-468
10,045
11,287
9,549
10,740
9,812
10,069
-5,353
-328
2,102
-6,318
-194
433
6,628
11,525
12,168
8,334
10,652
14,286
8,492
7,521
7,871
7,930
7,511
9,513
2,257
2,063
2,227
2,935
2,067
2,509
-902
-191
-707
-703
9,848
9,393
9,390
10,163
9,533
10,290
-3,219
2,132
2,778
-1,829
1,119
3,996
1,419
3,887
1,830
1,289
2,749
2,230
-273
-216
-274
-266
-264
-530
1,088
3,705
2,330
1,942
4,744
3,119
-313
-228
-309
-217
-227
-1,144
30,872
3,547
7,290
10,095
3,400
7,131
8,803
1964-January..
February.
March. .
April
May
June p. .
5,853
8,047
10,148
6,609
6,136
12,310
82,105
81,892
81,660
25, 141
545
-781
-629
73
-881
-45
-1,733
Cash borrowing from the public, or repayment (-)
Equals:
Cash balances,
net increase, or
Change in securities held by the public
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964p
Public
debt increase, or
decrease (-)
Net sales
of Government agency
securities in
market \/
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
Net investment
in securities by
Government
agencies 2/
2/.
58
45
69
3,443
-550
2,893
55
399
-128
-116
-101
-78
-163
-128
271
128
839
1,126
949
1,511
-86
-133
-35
-22
-61
-48
183
586
-946
-411
758
-1,116
-493-
-2,338
-1,025
1,700
1,253
-1,784
-193
1,773
1,132
171
328
265
296
-179
767
1964-January
February
March.
April
May
June p.
-770
1,780
-767
-1,989
3,931
181
-289
-230
24
109
117
502
1,328
-830
-167
1,491
-3,230
-1,751
575
1,101
-481
-260
244
941
1,204
1,112
1,639
269
720
-911
-389
819
-1,068
Source: Actual figures are based on the monthly statement of receipts and
expenditures of the Government and the daily Treasury statement (for
explanation of reporting bases, aee page II) j estimates, including effect
of proposed legislation, are from the 1965 Budget document released
January 21, 1964.
1/ See "Trust and Other Transactions", Table 5, for net sales and redemptions
of Government agency securities in market.
2/
2/
p-
decrease (-)
Seigniorage
-2,069
-2,756
581
.
borrowing
from the
public,
2) or repayment (-)
Plus:
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,878
5,200
. .
Noncash
debt
transactions
(See Table
292
200
-2,160
-597
-536
-923
-1,033
-1,099
1965 (Est.)...
.
Total
securities
held by
the public,
increase, or
decrease (-)
Total
cash
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,977
-2,339
-597
1,130
-925
-855
1963- July
August. .
September
October.
November.
December.
100
|
26,545
28,870
119,742
93,000
1963- July
August. .
September
October.
November
December.
public
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4,680
-4,130
1965 (Est.)...
Excess of
cash
receipts from,
or payments
to (-), the
public
Total
Federal
payments
to the
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,119
95,078
97,242
101,865
109,739
115,440
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,261
Intragovernmental and
other
noncash
transactions
(See Table 2)
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,422
12,938
15,325
19,521
21,212
22,793
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,332
Plus:
Administrative budget
expenditures
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,671
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,368
.
Total
Federal
receipts
from the
49
59
44
53
55
Treasurer'
account
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
9
-5,118
-152
2,938
-5,273
760
2,105
9
6
-3,111
2,531
2
4
5
6
5
6
1,861
5
-2,571
2,215
2,735
6
6
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
5
-952
140
-23
-4
-222
118
-74
348
4,299
-4,422
2,651
-1,533
3,854
1,611
-733
39
-43
-5,079
-196
2,947
-5,186
759
1,953
9
87
«
-151
84
194
-23
335
-333
150
-3,027
2,724
1,838
-2,235
1,883
2,886
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes increment resulting from reduction in the weight of the
gold dollars excluded from receipts from the public but included
in cash deposits in the Treasurer's account.
Preliminary.
....
July
.,.
1964
17
•CONSOLIDATED CASH TRANSACTIONS
Table 2«- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement 1/
Fiscal year
or month
Interest
on trust
fund
investments
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
Payroll
deductions
for employees
Employers'
share
641
660
,318
,342
,315
,327
,404
,423
Federal
payments
to District
of Columbia
744
744
838
845
914
Other 2/
66
37
75
54
74
102
88
525
579
744
744
838
158
133
103
105
792 4/
Total
receipts
adjustments
Seigniorage
3/
2,758
2,811
3,025
3,027
4,001
3,834
4,326
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,192
58
45
69
4,261
4,130
49
59
44
53
55
,603
973
914
973
84
561
898
560
1965 (Est.)...
1,657
954
954
134
378
4,075
55
1963- July
August
September
October.
November.
December.
4
77
76
83
77
81
81
77
76
26
4
7
4
87
16
82
39
271
213
269
259
259
521
2
273
41
13
62
49
302
4
5
216
274
266
264
9
530
1964- January.
February.
March. . .
12
303
222
304
9
6
6
313
228
309
212
222
1,138
5
6
6
217
227
1,144
,4.67
1964P
83
77
86
78
90
11
50
April
Hay
June p...
845
Noncash
debt
transactions
relating
to receipts
44
56
85
78
957
83
81
81
3
46
1
57
86
27
94
78
90
3
1
13
110
85
-15
14
78
83
1
22
9
-7
5
6
Noncash debt transactions relating to payments
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964P
2,709
2,751
2,980
2,975
3,945
3,776
4,281
4,192
1965 (Est.)....
4,075
,
,
,
,
y
Discount
on
securities
(net) 6/
(net) 5/
336
385
383
136
430
496
577
611
Adjusted
service
and
armed
forces leave
bonds 2/
United
Nations
funds
bonds
2/
InterAmerican
Development
Bank
International
Development
Association
7/
International
Monetary
Fund 7/
52
-131
418
205
-209
145
119
268
55
70
25
66
58
58
14
13
-674
-450
1,361
259
258
171
255
117
-52
603 10/
75
32
52
14
16
67
35
50
81
22
47
48
1964- January. ..
February.
March.
303
222
304
76
84
18
44
212
222
1,138
38
22
48
.
Accrued
interest
on the
public
debt 8/
50
13
9
22
58
-22
Checks
outstanding
and
certain
other
accounts 2/
Total
payments
adjustments
-2
Beginning with fiscal 1958 excludes District of Columbia.
Includes mainly, general fund advances to trust funds (net), dividends
and interest paid to the Treasury by trust enterprise funds, administrative expenses of the Federal Old-Age and Survivors and Federal
Disability insurance trust funds, and the Federal contribution to the
Civil Service Retirement Fund.
Includes 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.
Beginning fiscal 1961 includes temporary extended unemployment compensation payments.
Accrued interest on the bonds, i.e. the difference between the purchase
25
-1
-22
24
6/
2/
8/
2/
10/
*
6
18
186
31
128
116
101
78
163
128
-557
576
-105
-281
279
548
-64
1,100
1,899
3,222
5,111
3,423
4,766
5,266
5,436
6,422
-44
4,581
573
-705
463
417
-503
-169
-52
-127
-518
96
23
135
468
-545
781
629
-73
881
5
35
503
-135
-5
22
-2
61
453
-607
-525
15
370
1,072
703
45
1,733
5
13
39
93
76
132
902
191
707
10
-36
41
-292
-200
2,160
597
536
923
1,033
1,099
550
271
213
269
259
259
521
,
Total
noncash
debt
transactions
relating to
payments
2/
1963- July
August
September,
October.
November.
December.
April.
May
June p.
3/
Interest
increment
on savings
and retirement plan
bonds
39
.
2/
2/
Intragovernmental
transactions
(See
above)
86
133
48
563
-51
-684
521
price and the current redemption value less interest paid on bonds
redeemed.
Discount on securities at time of issuance less interest paid at time
redeemed.
Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemptions;
net issuance, or redemptions (-).
Net increase, ordecrease (-), in accrued liability.
Net increase, or'decrease (-), in checks outstanding, deposits in
transit, and other accounts.
Not shown separately in the Budget document.
Less than $500,000.
Preliminary.
p
.
.
.
.
Treasury Bulletin
18
ACCOUNT OF THE TREASURER 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.
the same 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.
they are
The tax and loan account system permits the Treasury
restored by calling In (transferring) funds from the tax and
to leave funds in banks and In the communities in which they
loan accounts with thousands of commercial banks throughout
arise until such time as the Treasury needs the funds for its
the country.
operations.
As the balances In these accounts become depleted,
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
In this way the Treasury is able to neutralize
the effect of its fluctuating operations on bank reserves
and the economy.
payments and funds for the purohase of Government securities.
A detailed description of the Treasury's depositary
system may be found in the Annual Report of the Seoretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
money from a customer
1
s
pages 275-28
1
*.
account to the tax and loan account In
Table 1.- Statue of the Account of the Treasurer of the United States
(in millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federal
Reserve
Banks
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1957
1958
1959
498
410
4,082
8,218
535
3.7U
1960
504
408
612
806
939
597
6,458
5,453
8,815
10,324
9,180
6,092
1963- July
August. .
September
629
705
948
5,564
5,389
7,958
October.
November.
December.
881
2,839
117
890
880
3,521
5,621
133
120
791
2,451
126
1,024
121
831
4,783
6,940
925
890
939
3,974
6,557
9,180
1961
1962
1963
1964
1962-December.
1
964- January
February.
.
March.
April
May
June
.
.
Total
operating
balance
Silver,
coin, and
currency
Unclassified
collections,
etc.
5,069
9,030
4,380
190
259
306
121
7,068
5,969
9,548
120
120
126
10,238
6,814
253
179
147
136
145
162
6,324
6,2?9
9,025
148
142
158
3,837
4,544
6,622
152
135
133
194
59
141
122
174
161
145
46
489
401
101
106
109
131
135
118
11,251
115
3,368
5,928
7,887
112
5,011
131
7,578
10,238
120
162
Source:
Daily Treasury statement.
Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchanges, etc., also previously shown
as liabilities were combined with "Unclassified collections, etc."
shown under assets. Treasurer's checks outstanding are included
In Federal
Reserve
Banks in
process of
collection
In other
depositaries
Liabilities
Total
assets
y
6,037
9,990
Balance in
account of
Treasurer
of U. S.
302
287
273
440
429
5,451
93
337
222
303
342
234
234
375
335
441
313
360
284
8,092
6,769
10,509
12,116
11,036
7,586
39
33
105
202
168
188
285
275
309
6,998
6,846
9,783
6,998
6,846
9,783
60
130
173
193
174
183
269
288
264
4,510
5,270
7,375
4,510
5,270
7,375
134
224
260
188
376
354
318
4,264
6,795
8,656
4,264
6,795
8,656
440
166
234
413
330
360
6,085
8,300
11,036
6,085
8,300
11,036
37
49
63
58
64
70
74 2/
58
66
58
1/
2/
365
447
240
100 2/
87
75
79
77
8,005
6,694
10,430
12,116
11,036
7,509
through June 1958, after which they are included in the balance in
the Treasurer's account.
{See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
is not reduced until the checks are paid
a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies
Amounts shown, beginning fiscal 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabil,
3V
5,590
9,749
5,350 2/
ities/
...
July
.
1964
19
ACCOUNT OF THE TREASURER OF THE UNITED STATES,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Credits
Proceeds from sales of securities 1/
Fiscal year
or month
Retire-
Savings
bonds
ment
plan
bonds
Balance
Taxes
During period
Income (by
Withheld special
and
arrangeexcise 2/ ment) 3_/
Tax
anticipation
securities
Total
credits
Withdrawals
End of
period
High
Average
1957
1958
1959
2,976
2,824
2,668
5,043
2,922
7,581
6,568
13,513
13,164
26,709
27,881
29,190
4,152
7,903
5,919
45,448
55,044
58,520
46,000
50,908
62,994
4,082
8,218
3,744
6,078
8,869
8,055
813
1,078
912
2,987
3,246
3,638
1960
2,679
2,787
2,725
2,699
2,760
209
7,784
7,613
5,898
2,963
7,920
1,788
3,774
3,830
2,014
33,059
34,511
37,519
43,580
3,933
9,921
1,596
57,496
55,842
56,438
57,595
58,277
5,738
54,782
56,847
53,076
56,085
59,421
5,374
6,458
5,453
8,815
10,324
9,180
6,092
6,458
7,653
8,889
10,324
10,257
6,188
1,390
41 ,267
6,053
9,142
6,521
6,835
2,535
1,577
2,735
4,103
4,151
4,457
5,325
4,747
4,560
1,638
4,943
4,400
79
6,730
5,350
5,765
5,564
5,389
7,958
10,257
5,839
8,100
5,432
4,011
3,169
7,076
3,730
1,970
5,175
8,335
1,412
60
1,694
4,704
6,892
6,813
4,022
4,792
2,839
3,521
5,621
8,090
3,618
5,970
2,434
2,241
2,428
4,565
3,076
4,082
1,825
5,707
7,108
4,995
3,375
4,951
2,451
6,005
4,783
6,940
4,891
7,437
2,166
2,323
2,743
3,405
3,459
5,013
3,168
4,987
6,712
6,134
2,404
4,089
3,974
6,557
9,180
6,234
6,700
9,447
1,577
4,234
4,467
3,477
5,656
6,642
1961
1962
1963
1964
1962-Dec ember.
1963- July
August. .
September
253
October.
November
December.
222
200
1
964- January
February
March. . .
.
April..
May
June
..
231
204
221
475
302
248
223
223
4,504
4,449
1,748
1,499
5,459
4,688
1,539
211
221
Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
Taxes
eligible .for credit consist of those deposited by taxpayers in
2/
the depositary banks, as follows:
Withheld income tax beginning
23
2,197
1,387
4,775
20
4,426
2,065
3_/
»
1,161
1,531
5,081
5,432
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 cheeks
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
Less than $500,000.
.
.
s
,
Treasury Bulletin
20
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Period
Deposits and withdrawals (budget,
trust, and other accounts)
Plus:
Net cash borrowing, or repayment of
Total net
transactions
borrowing
(-)
Treasurer'
account balance, increase, or decrease (-)
Equals:
Cash
deposits
Cash withdrawals 1/
81,875
82,094
81,612
77,279
85,015
93,736
4,596
-2,921
-12,124
-1,904
1,827
-306
2,692
-1,094
-12,430
-3,648
5,253
8,032
-956
4,159
-4,399
1960
1961
1962
1963
1964
94,862
96,897
105,911
114,454
121,581
93,817
97,774
112,188
118,477
124,066
1,044
-877
-6,278
-4,023
-2,485
309
-510
1,259
1,039
-1,491
1,353
-1,387
-5,018
-2,984
-3,975
1,301
76
8,755
4,670
2,895
2,654
-1,311
3,736
1,686
-1,080
1965 (Est.).
119,797
122,690
-2,893
-2,893
2,893
September,
5,512
11,764
11,654
10,339
11,857
9,142
-4,826
-94
2,512
-477
-85
-332
-5,303
-179
2,180
185
26
758
-5,118
-152
2,938
October.
November.
December.
4,852
10,123
10,401
11,232
10,354
9,261
-6,380
-230
1,141
150
-6,229
-229
708
956
988
1,397
-5,273
760
2,105
1964-January.
February.
March.
7,278
12,187
13,419
11,084
10,874
9,862
-3,806
1,313
3,557
672
-760
-3,285
1,985
2,797
174
546
-936
-3,111
2,531
1,861
April
May
June
8,151
11,670
14,568
10,068
10,373
9,620
-1,917
1,297
4,949
155
269
-1,172
-1,762
1,565
3,776
-809
650
-1,041
-2,571
2,215
2,735
Fiscal year:
1957
1958
1959
1963-July
August.
.
.
.
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
Actual figures are based on the daily Treasury statement; estimates,
including effects of proposed legislation, are from the 1965 Budget document, released January 21, 1964.
Figures in the first four columns of
this table may differ somewhat from those originally published in the
daily Treasury statement because of subsequent reclassification of
certain transactions.
Source:
2
-433
520
1/
2/
Beginning with the February 1963 Bulletin figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
..
..
July
...
.
..
..
1964
21
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Interest-bearing debt
Total outstanding
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Guaranteed
securities
Public
debt
3/
Guaranteed
securities 3_/
(matured)
2,042
1,646
2,873
476
1,068
618
1,979
140
240
283,241
285,672
294,442
139
240
444
283,380
285,911
294, 886
444
3,090
3,300
3,759
3,090
3,299
3,759
445
349
438
2,238
2,496
2,667
115
55
607
813
518
647
674
693
302,559
308,169
299,726
301,583
303,197
303,356
301,954
307,357
299,209
300,938
302,525
302,664
605
812
517
645
673
692
3,907
4,357
4,262
3,898
4,011
3,972
3,906
4,356
4,261
3,896
4,010
3,971
310
295
551
263
310
273
2,922
3,289
3,012
2,961
3,028
3,028
129
142
151
129
129
129
125
150
125
125
125
125
416
306,442
308,215
309,347
705
718
742
303,163
304,811
305,955
302,458
304,093
305,213
704
717
741
3,984
4,122
4,134
3,984
4,121
3,036
3,036
3,036
129
187
164
125
125
125
430
438
459
1
4,133'
264
336
349
309,339
311,150
310,408
308, 577
762
793
818
305,254
306,919
306,222
304,499
306,132
305,405
755
787
817
4,085
4,231
4,186
4,078
4,225
4,185
295
311
266
3,036
3,166
3,171
164
164
164
125
125
125
459
459
459
6
310,357
309,590
308,402
312,337
312,526
307,601
311,532
311,713
802
805
813
304,186
308,018
308,169
303,385
307,214
307,357
801
804
812
4,216
4,319
4,357
4,215
4,318
4,356
278
382
295
3,166
3,164
3,289
164
164
142
150
150
150
457
458
480
286, 331
288,971
298,201
1963
1964
1962-December. . .
1963-July
August
September.
306,466
312,526
303,988
305,482
307,209
307,328
305.860
311,713
303,470
304,835
306,535
306,635
October.
November.
December.
307,147
308,933
310,089
1964- January
February.
March
.
Other
6/
2,042
1,646
2,873
286,471
289,211
298,645
April.
May .
June.
J3/
InterAmerican
Development bank
106
101
110
I960.
1961.
1962.
.
Total
y
2/
International
Development
Association
268,486
274,698
281,833
270,527
.
International
Monetary
Fund
268,592
274,798
281,944
270,634
276,444
284,817
.
Special notes to Total
107
101
111
1957.
1958.
1959.
.
Guaranteed
securities
276, 343
284,706
Daily Treasury statement.
Source:
1/ Includes certain obligations not subject to statutory limitation.
For
amounts subject to limitation, see page 1.
Includes debt incurred for advances to certain wholly owned Government
2/
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
Held
outside the Treasury.
2/
529
597
58
444
430
417
1
1
1
407
396
484
1
420
480
422
418
417
1
1
1
1
1
2
2
1
1
1
5
1
1
1
1
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2.
lj
j>/
6/
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(
Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Treasury
bonds
Special
issues
i/
2.482
2.576
2.619
2.853
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
2.639
2.829
3.122
3.344
3.471
3.219
3.330
3.364
3.412
3.462
2.772
2.803
2.891
3.003
3.238
2.681
3.144
3.500
3.658
3.782
3.297
3.072
3.240
3.361
3.561
3.297
3.072
3.239
3.360
3.560
3.449
3.063
3.285
3.425
3.659
3.815
2.584
2.926
3.081
3.729
4-721
3.073
3.377
3.283
9,841
10,128
10,265
10,342
3.298
3.297
3.357
2.989
3.147
3.248
3.340
3.344
3.359
3.416
3.395
3.415
3.419
3.433
3.584
3.440
3.479
3.512
3.852
3.921
3.902
3.899
2.898
3.374
3.402
3.428
3.362
3.283
3.216
3.213
3.241
3.375
3.403
3.428
3.018
3.043
3.039
3.673
3.685
3.700
10,631
10,431
10,534
10,603
3.460
3.476
3.487
3.460
3.476
3.486
3.545
3.564
3.578
3.469
3.538
3.596
3.213
3.250
3.250
3.918
3.863
3.862
3.417
3.417
3.417
3.436
3.438
3.443
085
104
103
3.718
3.728
3.736
10,665
10,800
10,792
10,636
10,770
10,761
3.506
3.532
3.537
3.506
.3.531
3.537
3.602
3.637
3.643
3.670
3.689
3.715
3.250
3.250
3.250
3.848
3.863
3.863
3.448
3.457
3.457
3.446
3.447
3.450
107
124
135
3.740
3.751
3.770
10,750
10,908
10,931
10,720
10,878
10,900
3.547
3.555
3.561
3.546
3.554
3.560
3.657
3.663
3.659
3.746
3.742
3.729
3.250
3.882
3.854
3.854
3.457
3.457
3.460
3.462
3.118
3.170
3.238
3.777
3.778
3.782
1964.
283,241
285,672
294,442
301,954
307,357
9,320
8,769
9,534
10,141
10,931
8,761
9,519
10,119
10,900
1962-December.
1963-July
August.
September.
299,726
301,583
303,197
303,356
299,209
9,859
10,151
10,290
10,368
303,163
304,811
305,955
302,458
304,093
305,213
10,457
305,254
306,919
306,222
304,499
306,132
305,405
304,186
308,018
308,169
303,385
307,214
307,357
April.
May . .
June.
Notes
9,316
283,380
285,911
294,886
302,559
308,169
1964- January...
February.
March.
Certificates
2.730
2.638
2.867
1960.
1961.
1962.
1963.
.
Bills
1/
Guaranteed
securities
2.730
2.638
2.867
7,328
7,248
.
Total
Nonmarketable
issues
7,325
7,245
8,066
268,486
274,698
281,833
October.
November
December.
Total
public
debt
JtL
268,592
274,798
281, 944
. .
Marketable issues
2.707
2.546
2.891
1957.
1958.
1959.
300,938
302,525
302,664
Public debt
Total
interestbearing
securities
8,069
10 , 561
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date ( the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.
The average annual interest
rate is computed by dividing the computed annual interest charge for
1/
2/
2/
4/
3.197
1.033
3.316
3.345
3.330
2.842
2..504
4.058
3.704
2.806
3.304
3.680
3.921
3.854
3.471
3.471
the total, or for any group of issues, by the corresponding principal amount. Beginning with data for December 31, 1958, the computation is based on the rate of effective yield for issues sold at
premium or discount. Prior tp that date it was based on the coupon
rate for all issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
e
.
Treasury Bulletin
22
DEBT OUTSTANDING
Table 3;- Interest-Bearing Public Debt
(In millions of dollars)
Public issues
End of
fiscal
year or
month
Total
interestbearing
public
debt
Marketable
Total
publ i c
Certif-
icates
issues
Nonmarketabl
Notes
Treasury
bonds 1/
U.
S.
Total
savings
bonds
Treasury
bonds,
investment
series
Depositary
bonds
1958
1959
268,486
274,698
281,833
221,658
228,452
237,078
155,705
166,675
178,027
23,420
22,406
32,017
20,473
32,920
33,843
30,973
20,416
27,314
80,839
90,932
84,853
65,953
61,777
59,050
54,622
51,984
50,503
11,135
9,621
8,365
196
171
183
I960
1961
1962
1963
1964
1962-Dec.
283,241
285,672
294,442
301,954
307,357
299,209
238,342
240,629
249,503
257,153
260,729
255,784
183,845
187,148
196,072
203,508
206,489
203,011
33,415
36,723
42,036
47,230
50,740
48,250
17,650
13,338
13,547
22,169
81,297
80,830
75,025
81,964
88,464
78,371
54,497
53,481
53,431
53,645
54,240
52,772
47, 544
22,710
51,483
56,257
65,464
52,145
67,284
53,679
6,783
5,830
4,727
3,9?1
3,546
4,443
170
117
138
103
103
110
1963-July
257,214
257,006
258,014
203,491
203,233
204,282
47,222
47,219
48,218
22,169
16,988
15,494
52,154
58,562
54,114
81,946
80,463
86,456
53,723
53,773
53,732
48,427
Sept
300,938
302,525
302,664
43,597
3,899
3,882
3,813
103
102
101
Oct.
Nov.
Dec.
302,458
304,093
305,213
259,175
260,540
261,555
205,347
15,493
10,939
10,939
53,695
58,666
58,680
86,439
86,424
86,413
53,828
53,989
53,984
48,687
48,793
48,827
3,719
3,704
3,685
99
207,571
49,720
50,521
51,539
304,499
306,132
305,405
263,249
262,184
208,589
209,218
208,223
52. 547
Feb..
Mar.,
53,550
52. 548
10,939
4,198
4,198
56, 444
64,457
64,478
88,658
87,013
86,998
53,993
54,031
53,961
48,925
49,046
49,101
Apr.
May..
June.
303,385
307,214
307,357
261,381
262,179
260,729
207,356
208,009
206,489
51,049
52,246
50,740
4,198
65,130
67,279
67,284
86,979
88,484
88,464
54,025
54,170
54,240
49,142
49,224
49,299
1957
Aug.
1964- Jan.,
262, 581
206, 551
Source:
Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists'of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
47,514
47,607
48,314
49,299
47,535
48, 549
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
Other
Special
issues
46,827
46,246
44,756
860
648
392
360
610
505
75
630
832
299
19
25
29
68
26
44,899
45,043
44,939
44,801
46,627
43,426
29
29
488
655
705
705
28
43,724
45,519
44,650
98
98
559
632
582
735
735
760
29
23
32
43,283
43,553
43,658
3,649
3,638
3,613
97
97
98
505
760
760
710
56
435
373
64
41,917
42,883
43,221
3,559
3,552
3,546
99
99
103
398
398
392
762
832
832
65
65
68
42,004
45,034
46,627
55
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds, Rural Electrification Administration series beginning fiscal 1961, and retirement plan bonds
beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
1/
..
July
.
,,
1964
23
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(
End of fiscal
year or month
Total
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
1957
1958
1959
46,827
46,246
44,756
718
673
629
325
996
1,533
1960
1961
1962
1963
1964
1962- December..
44,899
45,043
44,939
44,801
46,627
43,426
694
556
443
2,017
2,299
2,304
2,165
1,903
2,145
1963- July
August
September,
43,724
45,519
44,650
259
277
270
2,094
2,140
2,136
108
October. .
November.
December.
43,283
43,553
43,658
273
71
72
1964- January.
February.
March. . .
41,917
42,883
43,221
42,004
45,034
46,627
April
May...
June.
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees
retirement
funds
1
Government
Life
Insurance
Fund
Highway
Trust
Fund
19,463
18,610
17,227
103
112
116
7,394
7,738
8,608
1,200
1,144
1,127
16,413
16,200
15,074
14,221
14,799
13,669
104
138
182
98
332
119
9,397
10,414
11,382
12,438
13,530
11,707
1,107
1,071
1,028
1,003
956
1,002
98
98
98
12,486
12,548
12,616
999
997
992
655
704
126
13,495
14,500
14,224
547
2,045
1,974
1,925
130
76
324
13,302
13,571
13,648
98
46
12,664
12,755
12,819
989
985
981
75
183
179
1,845
1,833
1,820
140
65
58
12,764
13,207
13,452
12,857
12,914
12,989
196
220
270
1,769
1,868
1,903
57
90
12,746
14,627
14,799
13,044
13,099
13,530
500
260
270
50
165
165
59
50
74
372
82
51
86
82
51
59
84
92
98
136
332
Daily Treasury statement.
Includes Canal Zone Postal Savings System through 1959.
Adjusted Service Certificate Fund (through December 1956),
Consists of:
Source:
\f
2/
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
In millions of dollars)
404
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
Railroad
Retirement
Account
Unemployment
Other
Trust
Fund
3,475
3,531
3,417
7,996
6,671
5,636
123
120
126
3,586
3,504
3,316
2,786
2,969
2,996
5,580
4,625
4,657
4,803
4,931
5,108
138
192
156
263
464
139
5,720
5.726
5,731
2,813
2,807
2,754
4,678
5,322
4,872
318
315
283
465
378
332
5,740
5,745
5,752
2,712
2,708
2,687
4,678
4,929
4,804
187
314
263
967
964
959
400
512
512
5,601
5,603
5,604
2,609
2,590
2,580
4,315
4,630
4,457
286
299
519
931
928
956
560
5,607
5,610
5,783
2,496
2,486
2,969
4,252
5,024
4,931
249
648
609
822
429
1
234
436
678
609
285
5,570
5,665
5,742
5,803
5,759
5,804
5,714
5,783
5,763
26
298
464
various housing insurance funds, Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000.
..
Treasury Bulletin
2A
DEBT OUTSTANDING
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development 1/
Rural
Commodity
ElectriCredit
fication
CorpoAdminisration
tration
Housing and Home
Finance Agency
Secretary: ExportImport
Farmers'
Bank of
Home
WashAdminisington
tration
programs
Adminis-
trator
2/
2/
Federal
National
Mortgage
Association £/
Public
Housing
Administration
1957
1958
1959
22,731
21,859
25,343
1,198
1,188
1,164
13,383
11,528
12,874
2,519
2,728
2,923
265
256
323
1,205
1,528
1,937
282
476
730
1,741
1,502
2,351
41
35
1960
1961
1962
1963
1964
1962-December.
25,636
26,011
28,634
29,1C6
29,241
28,748
1,138
1,107
1,062
807
735
818
12,704
11,534
12,990
13,599
13,990
12,884
3,155
3,332
3,484
3,657
3,828
3,572
369
456
854
1,027
1,170
973
1,636
1,698
1,830
1,476
2,338
3,202
3,167
2,716
2,393
3,166
29
32
32
25
1,680
977
1,213
1,567
2,005
2,302
1,778
1963-July
August. .
September
27,335
27,723
27, 744
757
757
757
11,880
12,205
12,280
3,737
3,737
3,737
1,053
1,062
1,067
1,281
1,290
1,275
2,033
2,085
2,085
2,682
2,642
2,609
October.
November.
December.
28,149
28,490
28,748
756
3,830
3,830
3,749
1,104
756
746
12,618
12,913
13,250
1,105
1,093
1,259
1,302
1,274
2,115
2,140
2,180
2,580
2,558
2,543
1964- January.
February.
March
29,131
29,253
29,300
746
746
746
13,361
13,532
13,709
3,839
3,839
3,839
1,145
1,139
1,140
1,239
1,234
1,186
2,220
2,257
2,258
2,556
2,523
2,491
154
April
May
June
29,286
29,376
29,241
746
746
735
13,855
13,902
13,990
3,909
3,909
3,828
1,177
1,182
1,170
844
858
830
2,308
2,345
2,302
2,451
2,448
2,393
65
830
Source: Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1963
Annual Report of the Secretary of the Treasury, page 720, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506.
And predecessor agencies.
1/
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties.
The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
The urban renewal program
4/ Consists of notes issued to borrow for:
y
5_/
6/
7/
27
Saint
Lawrence
Seaway
Development
Corporation
Tennessee
Valley
Authority
Veterans"
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
7/
y
48
97
112
733
780
930
1,294
1,723
1,950
118
121
121
123
123
1,180
1,330
1,530
1,730
1,730
1,640
1,970
1,964
1,976
1,923
2,019
1,986
1,922
1,912
1,912
34
34
50
85
25
21
18
22
21
22
22
29
35
22
83
121
54
123
123
123
75
1,730
1,730
1,730
123
123
122
50
50
50
1,730
1,730
1,730
1,911
1,911
1,911
35
35
35
122
122
123
75
50
50
1,730
1,730
1,730
1,910
1,987
1,997
34
33
33
123
123
123
85
85
1,730
1,730
1,730
1,995
2,015
2,019
33
35
35
96
61
39
37
65
60
50
50
50
35
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred from
the Reconstruction Finance Corporation.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Secretary of the Treasury; Small
Consists of notes issued by the:
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1);
Secretary of Commerce (Maritime Administration) for the Federal
Ship Mortgage Insurance Fund fiscal years 1959-61, and 1963-64,
beginning March 1963; Virgin Islands Corporation beginning fiscal
1960; and District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962; and Secretary of the Interior
(Bureau of Mines) for development and operation of helium
properties beginning May 1964.
.
July
,
1964
25
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But
Not
Guaranteed by the United States Government
(In millions of dollars)
Banks .for
cooperatives
End of fiscal
year or month
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2/
Federal National
Mortgage Association
Tennessee
Valley
Authority
Management
and liquidating issues
All other
issues
570
797
797
1,050
1,165
1,290
797
2,284
2,198
2,556
1,960
1,698
2,422
145
180
145
5,013
5,423
6,708
179
199
284
738
456
992
1,159
1,456
I960
1961
1962
1963
1964
1962-December.
8,407
7,765
9,332
10,192
11,865
10,133
330
382
430
459
498
504
1,259
1,055
1,797
2,770
4,201
2,707
1,600
1,723
1,855
2,133
2,315
1,727
2,137
2,357
2,550
2,725
2,973
2,628
1963-July
August
September
10,322
10,624
10,870
459
473
473
2,816
3,036
3,299
2,202
2,232
2,233
2,725
2,796
2,796
1,950
1,916
1,899
170
170
170
October.
November.
December.
11,151
10,958
11,705
526
526
588
3,599
3,599
4,363
2,139
2,027
1,952
2,834
2,834
2,834
1,884
1,792
1,788
170
180
180
1964- January.
February.
March.. . .
11,395
11,111
11,133
588
588
586
4,043
3,653
3,627
1,964
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
180
180
180
11,250
11,351
11,865
534
527
498
3,627
3,727
4,201
2,156
2,246
2,315
2,973
2,973
2,973
1,781
1,698
1,698
180
180
180
1957
1958
1959
,
April.
May
June
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
924
2/
3/
1,552
1,646
1
,
888
50
145
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities Which are issued for use as collateral for commercial bank borrowing and not as a part of public
offerings.
Includes small amounts owned by Federal land banks.
'
Treasury Bulletin
26
STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
act approved June 30, 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 guaranteed obligations held by
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 194.6,
was $275 billion and that under the act of September 2, 1958,
was $283 billion. Temporary increases to the permanent limitation of $285 billion, have been authorized as follows:
$10
billion from July 1, 1959, through June 30, I960 (act of
•June 30; 1959); $8 billion from July 1, 1960, through June 30,
by
-in
1961 (act of June 30, I960); $13 billion from July 1, 1961,
through March 12, 1962, and $15 billion from March 13 through
June 30, 1962 (acts of June 30, 1961, and March 13, 196?); $23
billion from July 1, 1962, through March 31, 1963, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. billion from July 1, 1963
through June 30, 1964 (acts of July 1, 1962, May 29, 1963,
August 27, 1963, and November 26, 1963, and an additional
$6 billion, making a total of $30 billion, from December 1,
1963, through June 29, 1%4 (act of November 26, 1963)); and
$39 billion from June 29, 1%4 through June 30, 1%5 (act of
June 29, 1964).
Table 1.- Status Under Limitation June 30, 1964
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757b), as increased temporarily by the act of June 29, 1964
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
324,000
311,351
813
Total amount of securities outstanding subject to statutory debt limitation.
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1964
(In millions of dollars)
Class of security
312,164
11,836
Balance issuable under limi tation
July
28
July
29
1964
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts Id millions of dollars)
Description of new Issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Regular weekly bills:
1964- Mar.
5
Mar.
12
Mar.
19
Mar.
26
Apr.
2
Apr.
9
Apr.
16
Apr.
23
Apr.
30
May
7
May
14
May
21
May
2Sp
'1964-June
Sept.
June 11
Sept. 10
June
June
25
Sept. 24
July
Oct.
,
June
4p
June
lip
June
18p
June
25p
,
Tax anticipation bills
1963-Oct.
1964-Jan.
15
15
One-year bills ;
1963-Apr.
July
Sept.
Oct.
15
15
3
1
Nov.
Dec.
4
1964-Jan.
3
Feb.
Mar.
Apr.
6
May
June
July
6
2p
7p
.
,
,
3....".
3
8
18
Sept. 17
,
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
Issues outstanding after
new issues
)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills - (Continued)
On competitive bids accepted
On total bids accepted
Ijaue date
Average price
per hundred
Equivalent average
rate 7/
Price per hundred
Equivalent rate
V
Price per hundred
Equivalent rate 7/
(Percent)
(Percent)
(Percent
Regular weekly bills:
Low
High
99.093
98.090
3.589
3.777
99.096 8/
98.093 2/
3.576
3.772
99.092
98.086
3.592
3.786
99.107
98.122
3.533
3.715
99.111 10/
98.130
3.517
3.699
99.104
98.116
3.545
3.727
19
99.106
98.116
3.538
3.726
99.108 11/
98.120
3.529
3.719
99.104
98.115
3.545
3.729
Mar.
26
99.103
98.109
3.550
3.740
99.107
98.111
3.533
3.736
99.102
98.108
3.553
3.742
Apr.
2
99.109
98.124
525
,710
99.114
98.131
505
697
99.106
98.120
3.537
3.719
Apr.
9
98.128
504
703
99.118
98.132
489
695
99.113
98.124
3.509
3.711
Apr.
16
99.119
98.136
485
,687
99.125
98.146
462
667
99.116
98.132
3.497
3.695
K9
3.463
3.662
99.128
98.154
3.450
3.651
99.123
98.147
3.469
3.665
99.129
98.172
3.446
3.616
99.132
98.176
3.434
3.608
99.126
98.170
3.458
3.620
199.120
J98.165
3.482
3.629
99.125 12/
98.176
3.462
3.608
99.115
98.159
642
99.118
98.168
491
625
99.121
98.174
3.477
3.612
99.115
98.166
501
628
99.120
98.181
3.482
3.598
99.122 13/
98.188
3.473
3.584
99.118
98.177
3.489
3.606
99.121
98.172
3.476
3.595
99.124
98.176 14/
3.465
j.588
99.120
98.170
3.481
3.600
4p
99.121
98.185
3.478
99.124
98.190
3.465
3.580
99.119
98.185
485
lip
99.125
98.204
462
99.128
98.209
3.450
3.543
99.123
98.199
469
562
June
18p
99.116
98.185
496
99.123
98.192
3.469
3.576
99.
IK
98.181
505
598
June
25p
99.121
98.202
478
556
99.125
98.205
3.462
3.551
99.119
98.201
3.485
3.558
98.428
98.388
3.537
3.650
98.437
98.400
3.517
3.623
98.421
98.370
3.553
3.691
96.887
96.358
96.395
96.364
96.347
96.380
96.262
96.320
96.214
96.312
96.305
96.250
96.329
3.062
3.582
3.575
586
633
96.899
96.412
96.410
96.380
96.365
96.400
96.275
96.335
96.225
96.334
96.316
96.259
96.336
3.050
529
96.881
96.342
96.391
96.358
96.340
96.371
96.255
96.312
96.207
96.306
96.296
96.246
96.327
3.068
3.598
1964-Mar.
5
Mar.
12
Mar.
Apr.
Apr.
99.
98.
30
7
14
'
May
21
'
May.
28p
June
June
IK
99.125
23
May
May
'
589
553
590
501
590
Tax anticipation bllla
1963-Oct.
1964-Jan.
15
15
One-year bills:
1963-Apr.
July
Sept.
Oct.
Nov.
Dec.
1964-Jan.
Feb.
Mar.
Apr.
May
June
July
2/
%/
2/
W/
11/
12/
13/
15
15
3
1
4
3
3
6
3
8
6
2p
7p
590
,707
,680
,765
.719
.705
.719
3.691
Bank discount basis.
Except $100,000 at 99.103.
Except $50,000 at 98.128.
Except $100,000 at 99.115.
Except $32,000 at 99.115, $100,000 at 99.111, $365,000 at 99.110, and
$300,000 at 99.109.
Except $1,500,000 at 99.135, $65,000 at 99.133, and $100,000 at 99.131.
Except $100,000 at 99.124, and $300,000 at 99.123.
15/
16/
12/
18/
12/
20/
14/
157
*
16/
17/
18/
19/
20/
560
570
615
570
3.694
3.665
3.754
3.697
3.694
3.710
3.684
579
592
640
599
714
688
772
3.725
3.714
3.723
3.694
Except $150,000 at 98.180.
Except $50,000 at 96.969, $500,000 at 96.945, and $500,000 at
96.909.
Except $100,000 at 96.696 and $600,000 at 96.442.
Except $300,000 at 96.380.
Except $600,000 at 96.470 and $3,000,000 at 96.411.
Except $100,000 at 96.299.
Preliminary.
Except $3,500,000 at 96.239.
p
,
July
1964
31
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
i/
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
31
1957-May
7
14
21
28
May
May
May
May
March
March
7
14
June
June
December
December
19
26
1958-March
March
20
27
2
April
April
April
April
10
17
24
1957- January
February
February
February
February
1958-January
January
January
January
9
16
23
9
16
23
31
6
13
3
March
13
June
12
September
Sept ember
September
11
18
25
December
December
December
11
18
October
October
October
October
October
2
9
16
23
30
November
November
6.....
13
December
11
1959- January
January
January
January
January
February
February
March
June
December
18
December
26
March
June
March
June
26
15
22
29
5
13
12
11
19
18
26
25
1959- Janua ry
2
April
July
2
2
January
8
April
July
9
9
January
15
April
July
16
16
June
4
March
5
March
12
March
19
March
26
August
13
1959-November
1960-February
11
August
20
1959-November
1960-February
19
18
August
27.
1959-November
1960-February
27
18
17
y..
. . .
September
3
June
September
11
10
June
September
18
17
June
September
25
24
1960-May
19
1960-August
November
May
26
August
November
June
2
1961-January
19
January
26
February
March
2
30
12
25
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS.
Table 3.- New Money Financing through Regular Weekly Treasury Bills J/- (Continued)
(Dollar amounts in millions)
Description of issue
)
33
July
1964
PUBLIC DEBT OPERATIONS
Treasury Bills V-(Continued)
ing through Regular Weekly
Table 3.- New Money Financing
(Dollar amounts In millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
$1,301
700
2.874
3.075
$199
(Percent
1
31
182
$2,161
1,576
8
1,301
700
2.801
2.990
August
7
91
182
1,972
1,203
197
(1962- •November
\1963- .February
91
182
2,078
1,766
2.867
3.060
204
15
14
1,301
704
August
Jl962- -November
\l963- -February
92
1,301
700
2.837
2.984
182
2,003
1,651
99
fl962 -November
jl962- November
1962-August
11963- January
16.
91
August
23.
\1963 -February
23
21
91
182
2.805
2.916
August
29
28
2,248
1,259
100
fl962 -November
\1963--February
1,301
700
30.
1,301
700
2.834
2.977
7
91
182
2,054
1,332
100
6
September
fl962--December
\1963--March
2.789
2.911
13.
91
182
1,301
701
September
13
14
2,377
1,291
101
fl962- -December
\l963- -March
91
182
2,265
1,375
101
20
21
2.796
2.962
20.
fl962- -December
\l963- -March
1,301
700
September
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
fl962. -December
91
182
2,011
1,505
1,300
701
2.752
2.902
100
3
2,136
1,631
1,301
701
2.760
2.864
100
September
27.
\1963 -March
[1963 -January
October
April
4
10
11.
January
April
11
91
182
2.749
2.843
18.
91
182
1,300
700
October
17
18
2,225
1,436
98
January
April
91
182
2,133
1,394
102
24
25
2.742
2.828
25.
January
April
1,301
700
October
31
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
January
2,249
1,761
1,301
702
2.841
2.927
101
91
182
2,325
1,436
1,302
701
2.801
2.846
103
October
November
May
February
November
November
May
15.
November
23.
November
29.
December
6.
February
M
May
16
91
182
90
181
1,300
800
2.833
2.892
May
21
23
2,409
1,274
199
February
28
1,300
801
2.853
2.936
May
.31
91
183
2,042
1,528
199
February
7
2.861
2.945
6
2,108
1,663
1,300
801
June
91
182
98
March
91
182
1,973
1,321
1,301
801
2.807
2.861
101
14
13
91
182
2,092
1,248
1,301
800
2.860
2.900
99
21
20
91
1,309
802
2.893
2.924
182
2,660
1,322
110
28
27
2,220
1,340
1,301
801
2.926
2.966
101
March
December
13.
December
20.
June
March
June
March
December
June
4
1963-January
April
July
5
91
183
91
182
2,196
1,542
2.920
2.966
100
10-.
11
11
1,301
800
January
April
July
91
182
2,133
1,459
1,301
800
92
28.
27
26
2.919
2.977
March
June
September
92
1,300
800
98
3
182
2,081
1,454
2.922
2.982
4.
July
October
5
April
11
10
91
182
2,292
1,553
1,302
801
102
11.
July
October
2.913
2.978
April
18
17
91
182
2,352
1,485
1,301
800
100
18.
July
October
2.917
3.010
April
25
24
91
182
2,259
1,670
1,300
801
99
25.
July
October
2.884
2.982
April
Footnotes at end of table.
(Continued on following page)
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Billei
(Dollar amounts in millions)
Description of issue
Issue
date
Maturity
date
(Continued)
July
1964
35
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
July
1964
37
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
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS,
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
July
1964
39
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
a/
25/
26/
12/
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
In addition, $100 million of the bonds was
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds was
less than $10,000.
allotted to Government investment accounts.
SubscripSubscriptions for $25,000 or less were allotted in full.
tions for more than $25,000 were allotted 24 percent but in no case
In addition, $100 million of the notes was
less than $25,000.
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full.
Subscriptions for more than $5,000 were allotted 60 percent to savings-type
investors, 40 percent to commercial banks for their own accounts,
and 25 percent to all other subscribers, but in no case less than
In addition, $100 million of the bonds was allotted to
$5,000.
Government investment accounts.
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.
Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full.
Subscriptions for more than
the minimum for each issue were allotted 44 percent on bills and 35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was allotted to Government investment
accounts.
Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 47 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 allotted 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 $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition, $50 million of the bonds was
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).
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 was
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
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 minimums were allotted not less than the minimums.
In addition, $50 million of the bonds was allotted to Government investment accounts.
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
on any one subscription.
In addition, $100 million of the notes
was allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4$ notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/456. Smaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes upon
payment of any cash difference. Cash payments amounted to $3 million.
Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15).
In addition to the amounts allotted to the
public , $100 million of the bonds was allotted to Government investment accounts.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes was
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
-
(Continued)
less than $25,000.
In addition, $71 million of the notes was
allotted to Government investment accounts.
32/ Subscriptions were permitted to be made with payment in cash or in
4-3/4$ Treasury notes maturing August 15, 1960 (see Table 7, footnote 22). In addition, in order that holders of 3-5/8$ Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, 1960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
33/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 32).
34/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
35/ Subscriptions from States, political subdivisions, or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks as provided in the offering
circular, totaled $6,285 million and were allotted in full. Subscriptions subject to allotment totaled $11,104 million and were
allotted in full up to and including $25,000; all others were allotted
13 percent but in no case less than $25,000.
36/ Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
25 percent. Subscriptions from commercial banks for their own accounts
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted in full; subscriptions
for more than $5,000 were allotted not less than $5,000.
22/ In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $131.3 million of the
3-1/2$ bonds of 1980, $215.9 million of the 3-l/2$ bonds of 1990,
and $236.5 million of the 3-l/2$ bonds of 1998.
28/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
4$ bonds, with certain adjustments as of December 15, 1960, at a price
of IOO2.
Smaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
22/ Subscriptions were permitted to be made with payment in cash or in
4-7/8$ Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
Consists of allotments on subscriptions from holders of certificates
4.0/
of indebtedness maturing February 15, 1961.
Subscriptions
from States, political subdivisions or instrumentalities
Qj
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million:
those
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but in no case less than $10,000.
42/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8$ bonds of 1966, and $540 million of the
3-5/8$ bonds of 1967.
i2/ Subscriptions were permitted to be made with payment in cash or in
the 4-3A$ Treasury certificates or 3-5/8$ Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 20).
44/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
45/ There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
27 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
£6/ Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of eighteen series of weekly Treasury bills
maturing from August 3, 1961, to November 30, 1961.
47/ In addition to the amounts allotted to the public, there was allotted
to the Federal Reserve Banks and Government investment accounts
$480.4 million of the 3-l/2$ bonds of 1980, $160.6 million of the
3-1/2$ bonds of 1990, and $289.5 million of the 3-l/2$ bonds of 1998.
4J/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
Footnotes continued on following page.
.
treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
49/
50/
51/
52/
53/
54/
55/
56/
57/
58/
59/
60/
61/
62/
63/
64/
65/
66/
Includes $2 million allotted to Government investment accounts of the
3-1/4J6 notes, $4 million of the 3-3/4$ bonds of 1966, and $136 million
of the 3-3/4$ bonds of 1974.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Holders of approximately t970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8$ bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/2$ certificates and $1,518
million of the 4$ notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4$ bonds of
1971, $177 million of the 4$ bonds of 1980, $218 million of the 3-1/256
bonds of 1990, and $221 million of the 3-1/2$ bonds of 1998.
Issued for cash and In exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 22).
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
In addition, $100 million of the bonds was
less than $50,000.
allotted to Government investment accounts.
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4$ certificates, $14 million of
the 3-5/8$ notes, and $64 million of the 3-7/8$ bonds.
Subscriptions were permitted to be made with payment in cash or in
the 4$ notes or 3-1/4$ notes, both maturing August 15, 1962 (See
Table 7, footnote 23).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the 4$ bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
$100,000.
In addition, $100 million of the bonds was allotted to
Government investment accounts
All subscriptions for the 4-1/4$ bonds were allotted in full.
In
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4$ notes
and $320 million of the 4$ bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8$ certificates, $1 million of
the 3-1/2$ notes, and $6 million of the 4$ bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8$ bonds or the 4$ bonds with certain adjustments as of
67/
68/
69/
70/
71/
72/
73 /
74/
75/
76/
77/
78/
79/
80/
81/
82/
83/
-
(Continued)
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher multiple of
Cash payments
$500 of the bonds upon payment of any cash difference.
amounted to $93,000 for the 3-7/8$ bonds and $101,825 for the 4$ bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $99.85111 per $100
for reoffering to the public.
of face amount for a 4$ coupon, resulting in a net basis cost to the
Treasury of 4.008210$, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4$ certificates and $15 million
of the 3-3/4$ bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8$ notes,
$29.6 million of the 3-7/8$ bonds of 1971, $151.9 million of the 3-7/8$
bonds of 1974, and $123.9 million of the 4$ bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public.
The winning bid was $100.55119 per $100
of face amount for a 4-1/8$ coupon, resulting in a net basis cost to
the Treasury of 4.093145$, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4$ certificates, and $85 million
of the 3-5/8$ notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8$ bonds of 1968, and $171 million of the 4$ bonds of
1973.
Issued for cash and in exchange for one-year bills maturing October 15,
1963 (see Table 7, footnote 27).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8$ certificates or 4-7/8$ notes, both maturing November 15, 1963
(See Table 7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,
1963.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment accounts
and the Federal Reserve Banks, as provided in the offering circular,
totaled $4,307 million and were allotted In full. Subscriptions subject to allotment totaled $15,762 million:
those up to and including
$100,000 were allotted in full; all others were allotted 21 percent but
in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 83-1/2 percent but in no case
less than $50,000.
In addition, $125 million of the bonds was allotted
to Government investment accounts.
84/
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8$ notes.
85/
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 9 percent but in no case less than
$50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4$ notes and $29 million of the 4-1/4$
bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $22 million of the 4-1/4$ bonds of
1987-92, and $4 million of the 4-1/8$ bonds of 1973.
86/
87/
Preliminary
July
1964
41
PUBLIC DEBT OPERATIONS.
Table 5.- Securities Issued In Advance Refunding Operations
Amount
issued
(In millions)
Securities issued
1
|
3-3/4*
3-7/8*
Note
Bond
5/15/64-D
5/15/68
3-1/2*
3-1/2*
Bond
Bond
11/15/80
2/15/90
3-1/2*
Bond
11/15/98
Adjustment payments
at issue (per $100
of face value)
1/
By
Treasury
To
Trea sury
$3,893
320
y
643
993
Effective
interest
rate 2/
Investment
yield 3/
3.75*
3.88
4.24*
3.50
3.50
1,095
1,248
Eligible securities exchanged
k-l/2*
Bond
3.92
3.96
2-1/2*
2-1/2*
Bond
Bond
3.97
3.99
2-1/2*
2-1/2*
Bond
Bond
2-1/2*
Bond
4.U
2,343
3-3/8*
Bond
-
11/15/66
3-5/8*
Bond
-
11/15/67
2,438
3.38
3.63
1,131
1,296
1,177
$0.30
3.62
3.62
3.57
3.75
3.75
3.75
2.25
3.50
3.34
3.25
0.25
3.56
3.47
3,604
3-1/2*
Bond
-
11/15/80
U
1,035
238
1,273
3-1/2*
Bond
-
2/15/90
y
722
576
$1.00
1,298
3-1/2*
Bond
-
11/15/98
y
495
692
2.00
1.00
3.60
3.55
1,187
4*
Bond
4*
Bond
-
2/15/80
3-1/2*
Bond
-
2/\-ifaQ
4.00
1,154
1,651
2.00
3.75
y
563
.25
3.98
4.20
y
233
345
322
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
0.25
0.50
3.50
3.49
3.48
4.19
4.19
8/15/71
900
181
3-1/2*
Bond
-
11/15/98
y
420
333
4.17
53T
772
3-3/4*
Note
8/15/67-A
1,093
981
953
L,301
181
0.50
0.10
0.40
0.40
0.40
1.00
3.86
3.77
3.84
3.84
3.85
3.98
3.81
3.80
3.81
3.81
3.81
3.83
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
4.15
4.06
4.05
4.06
4.06
4.06
4.07
5,282
4*
Bond
8/15/72
370
259
402
449
720
379
2,579
42
Treasury Bulletin
July
1964
A3
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued in Advance Refunding Operations
Amount
issued
(in millions)
Securities issued
Date issued
f
4%
Bond
10/1/69 4/
Adjustment payments
at issue (per $100
of face value) _1/
By
Treasury
$631p
289p
161p
250p
400p
942p
$0.30
0.45
0.45
0.80
0.50
0.10
29 ?p
0.25
0.65
178p
To
Effective
interest
rate 2/
Investment
yield 3_/
(Continued)
Eligible securities exchanged
Treasury
Note
Note
Note
Note
Note
Note
Bond
Note
Note
8/15/64-E
8/15/64-B
ll/15/64-F
11/15/64-C
5/15/65-C
2/15/66-B
5/15/66
S/15/66-A
2/15/67-B
3-3/4%
4-7/8%
3-7/8%
3-5/8%
3-3/4%
3-3/4% Note
Note
5%
Note
Note
Note
Note
Bond
Note
4%
3-5/8% Note
8/15/64-E
8/15/64-B
11/15/64-F
11/15/64-C
5/15/65-C
2/15/66-B
5/15/66
8/15/66-A
2/15/67-B
3-3/4% Note
Note
5%
3-3/4% Note
4-7/8% Note
3-7/8% Note
3-5/8% Note
3-3/4% Bond
Note
4%
3-5/8% Note
8/15/64-E
8/15/64-B
11/15/64-F
11/15/64-C
5/15/65-C
2/15/66-B
5/15/66
8/15/66-A
2/15/67-B
n.a
n.a
n.a
n.a
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3-3/4%
5%
3-3/4%
4-7/8%
3-7/8%
3-5/8%
3-3/4%
4%
3-5/8%
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
$0.30
579p
-
3,726p
3Up
7/24/64
4-1/8% Bond
367p
205p
232p
766p
l,303p
327p
308p
11/15/73
50 2p
0.75
0.90
0.90
1.25
0.95
0.55
0.70
1.10
0.15
4,354p
196p
197p
M5p
4-1/4% Bond
8/15/87-92
V
118p
188p
0.10
0.05
0.05
0.40
0.10
H6p
18p
151p
35p
0.30
0.15
0.25
0.70
l,194p
1/ Does not include payments for accrued interest.
3/
2/ The effective rate of interest on the new issue is the coupon rate adjusted
for the amount paid by or to the Treasury as premium or discount on the
new security exchanged for eligible securities originally issued at par.
For eligible securities originally issued at prices other than par, the
4/
payment by or to the Treasury is applied to the price adjusted for the
p
prorata amortization of the original premium or discount to the date of
n.a.
the advance refunding.
Based on the mean of bid and asked prices of securities eligible for
exchange (adjusted for payments on account of purchase price of
securities issued) at noon on the day before announcement by the
Treasury.
Additional issue.
Preliminary.
Not available.
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills 1/
(In millions of dollars)
Issue
July
1964
46
July
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
July
1964
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securit ies
Other Than Regular Weekly Treasury Bills - (Continued)
July
1964
51
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS.
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury B1116 - (Continued)
July
1964
53
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
.
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Disposition offers
Called or maturing security 1/
Results of exchange offers
by Treasury
Date of
refunding
or rotlre-
Issue
Description
date
Amount
outstanding
Exchange
security
offered
Cash
retirement
Exchanged
Description of new
security offered
(See also Table 4)
Turned
in for
cash 2/
(In millions of dollars
3-1/4*
Cert.
5/15/64-B
5/15/63
4,198
4,198
L
5/15/64
'
3,829p
309p
60p
Note
4*
4-1/4* Bond
11/15/65-E
5/15/74
4-3/4*
Note
5/15/64-A
7/20/59
4,400
4,400
3,453p
620p
327p
Note
4*
4-1/4* Bond
11/15/65-E
5/15/74
3-3/4*
Note
5/15/64-D
6/23/60
2,016
2,016
1,278p
604p
134P
Note
4*
4-1/4* Bond
11/15/65-E
5/15/74
10,614
10,614
10,092p
522p
Total.
l8,560p of 4* Note
J1,532p of 4-1/4* Bond
6/22/64
3.650*
Bill
6/22/64
1/15/64
2,501
2,501 4/
7/15/64
3.582*
Bill
7/15/64
7/15/63
1,998
1,998
5*
Note
8/15/64-B
10/15/59
2,045
2,045
289p
367p
197p
Bond
4*
4-1/8* Bond
4-1/4* Bond
10/1/69 11/
11/15/73
8/15/87-92 11/
3-3/4*
Note
8/15/64-E
8/1/61
4,086
4,086
634p
34Ap
196p
Bond
4*
4-1/8* Bond
4-1/4* Bond
10/1/69 iy
11/15/73
8/15/87-92 11/
4-7/8*
Note
11/15/64-C
2A5/60
3,867
3,867
250p
232p
118p
Bond
4*
4-1/8* Bond
4-1/4* Bond
I6lp
145p
Bond
4*
4-1/8* Bond
4-1/4* Bond
7,977
400p
766p
188p
5,653
942p
l,303p
146p
3-3/4*
3-7/8*
Note
Note
11/15/64-F
5/15/65-C
8/15/63
11/15/63
5,961
5,961
7,977
20 5p
-
10/1/69
11/15/73
8/15/87-92 11/
-
10/1/69 15/
11/15/73
8/15/87-92 15/
Bond
4*
4-1/8* Bond
4-1/4* Bond
-
10/1/69 iy
11/15/73
8/15/87-92 15/
Bond
4*
4-1/8* Bond
4-1/4* Bond
-
10/1/69 15/
11/15/73
8/15/87-92 15/
7/22/6411/
3-5/8*
3-3/4*
4*
3-5/8*
Note
Bond
Note
Note
2A5/66-B
5/15/66
8/15/66-A
5/15/62
11/15/60
2/15/62
5,653
2,862
5,820
5,820
178p
30 8p
151p
Bond
4*
4-1/8* Bond
4-1/4* Bond
579p
2/15/67-B
3/15/63
3,475
3,475
50 2p
35p
Total
Source:
Bureau of the Public Debt.
Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve Banks.
Two Issues of bills, maturing January 16, 1957, and February 15, 1957,
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957.
4/ Tax anticipation issue; for detail of offerings beginning 1957, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
During June and July 1958, |491 million of the 2-5/8* Treasury bonds
of 1965 was purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
6/ Called on May 14, 1958, for redemption on September 15, 1958.
7/ Represents amount which owners exercised the option to redeem on
August 1, 1959, (see Table 4, footnote 9).
&/ Holders of the 4* notes, who had the option to redeem at par on
February 15, 1960, by giving notice not later than November 16, 1959, w
permitted to exchange their holdings on November 15, 1959, for the
4-7/8* notes.
9/ Rolled over into a one-year bill (see Table 4).
10/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 11).
li/ Advance refunding offering.
Pursuant to the provisions of section
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
y
y
a, 746
41,746
Bond
4-1/8* Bond
4-1/4* Bond
293p
327p
18p
'4*
2,862
9,274p
.
W
-
Bond
4*
4-1/8* Bond
4-1/4* Bond
-
-
10/1/69 15/
11/15/73
8/15/87-92 iy
-
10/1/69 iy
11/15/73
8/15/87-92 15/
-
10/1/69
11/15/73
8/15/87-92
3,726p of the 4* Bond
4,354p of 4-1/8* Bond
l,194p of 4-1/4* Bond
iy
iy
iy
iy
securities solely for the new securities.
For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations. See also Table 5.
iy Holders of 2-1/2* Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, I960, to June 13, 1960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3.5
billion for the notes and $1.5 billion for the bonds.
11/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in payment or exchange, in whole or In part, for the 3-1/8* certificates or
the 3-7/8* bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
iv Excess of maturing 4-3/4* Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 32 and 34).
Reopening of an earlier issue.
Holders of 2-1/2* Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, I960 to
September 20, 1960, inclusive, the first for 3-1/2* bonds of 1980,
the second for 3-1/2* bonds of 1990, and the other two for 3-1/2*
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of $4.5 billion.
Remaining footnotes on following page.
w
July
1964
55
PUBLIC DEBT OPERATIONS
Footnote? to Table 7
17/
W
13/
x/
a/
22/
22/
W
25/
26/
27/
28/
2?/
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4?
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8? certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40).
From March 20 through March 22, 1961, owners of 2-1/4$ bonds of June
15, 1959-62, 2-1/4* bonds of December 15, 1959-62, 2-5/8? notes
maturing February 15, 1963, and 2-1/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8? bond due November 15, 1967,
and the last for a new 3-3/8? bond due November 15, 1966. Exchanges
were subject to allotment if subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
5,250 million offering of 3? certificates or the $2,500 million
offering of 3-1/4? notes. For detail of offering, see Table 4.
Excess of maturing 4-3/2? certificates and 3-5/8? notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 43 and 44).
$1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2? certificates, the $1,500 million offering of
4? bonds, or the $750 million offering of 4-1/4? bonds. For detail
of offering, see Table 4.
Excess of maturing 4? notes and 3-1/4? notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2? certificates, 2-5/8? notes,
3-1/4? notes), and May 15, 1963 (3-1/4? certificates, 3-1/4? notes,
4? notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August L4, 1962, for redemption on December 15, 1962.
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/8? notes.
For detail of offering, see
Table 4.
Excess of maturing 3-1/8? certificates and 4-7/8? notes over allot-
-
29/
21/
(Continued)
ments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 81).
From January 13 through January 17, 1964, owners of jecurities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-"/4l notes and 4-7/8^ notes), February 15, 1965 (2- c /8* bonds),
and May 15, 1965 (4-5/856 notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the U.% bonds and $750 million for the
4-1/456 bonds.
Subscriptions to the 4-1/456 bonds exceeded the limitation.
For allotment details see Table 4, footnote 83.
Preliminary.
p
Note:
"information on retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
Date of
retirement
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketablel
Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)
July
1964
57
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U. S. Dollars)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
July
1964
60
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securltiep (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
July
1964
61
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
and Series H has been on sale since June 1, 195 2
1,
.
19^1,
Series
A-D were sold from March 1, 1935, through April 30, 1941.
Series F and G were sold from May 1, 19^1, through April
30,
1952. Serlee J and K were sold from May 1,
1952 through
April JO, 1957. Details of the principal changes In issues,
interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, Octo-
ber and December 1959,
and Mav and October 1961.
Table 1.- Sales and Redemptions by Series. Cumulative through June 30, 1964
(In millions of dollars;
.
..
Treasury Bulletin
62
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Series E and H combined
Fiscal years :
1941-1956
1957
1958
1959
1960
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
4,656
10,298
1,133
1,161
1,174
1,194
1,254
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
Months
1963-July
August.
September
413
399
347
135
112
114
October.
November.
December.
395
333
356
109
110
135
964- January
February.
March.
471
142
115
April
May
June
378
115
368
384
116
1961
1962
1963
1964
Calendar years
1941-1956
1,331
1,386
1,458
:
1957
1958
1959
1960
1961
1962
1963
:
.
1
.
. .
413
400
121
136
94,761
Sales
price
2/
Amount outstanding
Accrued
discount 37
Interest-bearing
debt
Matured
non interestbearing debt
.
July
,
63
1964
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(In millions of dollars)
Redemptions 1/
Period
Fiscal years
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
Calendar years:
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount
Exchanges of
E bonds for
H bonds
3_/
Amount
outstanding
interestbearing debt)
(
:
1941-1956
1957
1958
,
1959
I960
1961
1962
1963
Months :
1963-July
August. . .
September
October.
November.
December.
1964- January.
February.
March.
.
April..
May
June
Fiscal years:
..
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
1,458
91,536
83,176
3,875
3,802
3,598
3,632
3,711
3,624
4,185
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
94,038
5,018
4,979
4,767
4,856
360
358
308
348
297
317
49,844
4,248
4,196
4,092
4,295
3,673
37,898
37,969
38,067
38,040
37,456
37,817
33,260
39,166
40,190
3,613
3,461
3,609
5,589
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
4,122
783
727
883
794
703
754
733
278
212
199
208
135
112
114
495
469
421
378
337
352
311
279
291
67
58
60
16
39,262
39,378
39,431
109
110
135
457
407
452
352
283
329
293
237
276
46
17
13
14
39,519
39,630
39,740
547
461
366
398
371
300
330
24
18
19
39,801
39,902
39,961
387
323
277
319
b4
16
58
67
14
18
40,011
40,112
40,190
4,862
4,797
4,943
5,005
5,300
5,594
5,003
4,996
369
356
142
115
121
484
477
338
334
345
115
116
136
453
450
482
405
53,638
4,981
4,951
4,889
5,181
3,794
732
755
797
886
721
731
742
754
5,052
5,049
4,394
4,343
4,203
4,363
335
386
59
53
89
66
68
201
188
219
191
206
21
17
33,087
37,835
38,206
37,748
37,597
38,140
38, 587
39,740
.
.
.
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Fiscal years
1951
1952
1953
1954
1955
1956
Total 1/
Total
Series E
and H
Other
:
,137
,109
,621
,515
,251
,846
,958
,544
,249
,557
,819
,716
,273
,164
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
2,250
2,057
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1951
,651
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
,074
,149
,985
,301
,264
,630
,255
,772
,732
,595
,602
021
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
154
123
1957..
1958
1959
1960
1961
1962
1963
1964
Calendar years:
4,126
2,673
2,593
Months:
1963-July
August.
September
444
394
4J 9
145
175
145
October.
November.
December.
420
341
391
142
133
1964- January.
February.
March. .
427
476
.
.
April
May
June
534
451
413
454
171
120
147
120
110
150
100
253
133
203
210
230
177
188
63
227
191
779
..
July
1964
65
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
Interest-bearing securities issued
by the U.S. Government
End of
fiscal
year or
month
Total
Federal
securities outstanding
i/
Held by U. S. Government
investment accounts 2/
Total
outstanding
Public
issues
Special
issues
Held by
Federal
Reserve
Banks public
Held by private
investors 2/
Total
Public
marketable
issues
Public
nonmarketable
issues
Interest-bearing securities guaranteed by the U.S. Government ij Matured
debt
and
Held by
debt
Held by
U. S.
Total
bearing
Government private
outno
investment investors
standing
interest
accounts
2/
2/
2,042
1,646
2,873
3,090
1957
1958
1959
I960
270,634
276,444
284,817
236,471
268,486
274,698
281,833
283,241
55,501
55,842
54, 554
55,259
8,674
9,596
9,799
10,360
46,827
46,246
44,756
44,899
23,035
25,438
26,044
26,523
189,949
193,418
201,235
201,459
127,179
134,593
144,983
149,546
62,770
58,825
56,252
51,913
106
101
110
139
50
56
54
63
79
46
47
1961
1962
1963
1964
1962- Dec ember.
1963- July
285,672
294, 442
301,954
307,357
299,209
300,938
302,525
302,664
56,002
56,296
53,206
60,964
55,412
56,921
58,726
58,130
10,959
11,357
13,405
14,337
11,987
13,196
13,207
13,480
45,043
44,939
44,801
46,627
43,426
43,724
45,519
44,650
27,253
29,663
32,027
34,794
30,820
32,468
32,391
32,563
202,417
2u8,483
211,721
211,598
212,977
211,550
211,408
211,971
151,392
157,418
160,361
159,575
162,553
160,102
159,903
160,505
51,025
51,065
51,360
52,023
50,424
51,448
51,505
51,466
240
87
444
605
812
645
673
692
167
165
159
160
131
190
191
153
277
440
653
357
464
483
502
3,300
3,759
3,907
4,357
August. .
September
289,211
298,645
306,466
312,526
303,988
305,482
307,209
307,328
October.
November.
December.
307,147
308,933
310,089
302,458
304,093
305,213
57,038
57,562
57,796
13,755
14,009
14,137
43,283
43,553
43,658
32,758
33,667
33,593
212,662
212,864
213,825
161,095
161,129
162,089
51,567
51,734
51,735
704
717
741
188
187
184
517
530
557
3,984
4,122
4,134
1964- January.
February.
March.
309,339
311,150
310,408
304,499
306,132
305,405
56,361
57,269
57,450
14,444
14,385
14,229
41,917
42,883
43,221
32,753
33,169
33,770
215,384
215,695
214,185
163,631
163,893
162,449
51,753
51,801
51,736
755
189
192
192
566
595
625
4,085
4,231
4,186
308,402
312,337
312,526
303,385
307,214
307,357
55,934
59,197
60,964
13,930
14,162
14,337
42,004
45,034
46,627
33,169
34,229
214, 282
162,476
161,836
51,806
51,952
52,023
801
804
171
157
159
630
647
4,216
4,319
4,357
April.
May
June
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain obligations not subject
Source:
1/
34,794
213,788
211,598
2/
159,575
517
787
817
812
60
653
4,262
3,898
4,011
3,972
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S. Government investment accounts and Federal
Reserve Banks.
..
8
...
Treasury Bulletin
66
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
Held by private nonbank investors
U.
Commercial
banks
Federal
Reserve
Banks
2/
S.
Government investment
accounts
Individuals ij
Total
Savings bonds
Total
Series
E and H
Other
series i'
Other Insurance
secu- companies
rities
Mutual
savings
banks
State
and
Corporalocal
tions 6/
govern-
ments
Foreign
and inter
national
u
1939-Dec...
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
.4
1940- June.
Dec...
4*. 5
50.9
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
.2
.2
1941-June...
Dec
55.3
64.3
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
1.1
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.2
.4
1942- June
Dec
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
3.7
6.9
5.4
8.7
10.3
9.2
.9
11.3
3.9
4.5
4.9
6.5
10.1
1.0
.4
.8
1943- June
Dec
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2.1
1.3
1.5
1944- June
202.6
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17.3
19.6
7.3
20.2
21.4
3.2
4.3
1.4
1.7
259.1
278.7
84.2
90.8
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
10.7
23.3
22.2
5.3
Dec
6.5
2.0
2.4
1946-Feb. 9/.
June...
Dec
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.4
2.2
2.1
1947- June....
258.4
257.0
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.1
7.3
3.4
2.7
1948- June
Dec
252.4
252.9
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
2.6
2.8
1949- June...
Dec
252.8
257.2
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
2.9
2.9
1950-June...
Dec
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
4.3
1951-June...
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
1952-June...
Dec
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
1953-June.
Dec...
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
1954-June..
Dec...
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
16.6
19.2
13.9
14.4
6.0
6.3
1955-June..
Dec...
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
7.5
19 56- June..
Deo...
272.8
276.7
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
19 57- June
270.6
275.0
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
16.8
16.6
7.6
7.6
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.
42,
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.
18.8
16.3
16.5
6.5
7.7
26.0
26.6
54.6
53.7
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
16.9
18.0
10.1
12.0
Dec
1945-June
Doc
Dec
Dee
1958-June.
Dec
. .
1959- June...
Dec...
276.4
283.0
65.3
67.5
284.8
290.9
.2
8..
3
9.6
3.5
1960- June
Dec
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20.1
18.8
18.7
12.3
13.0
1961- June
Dec
289.2
296.5
62.5
67.2
27.3
28.9
56,
54,
143.3
145.9
63.1
65.0
43.6
44.2
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
19.3
18.7
12.7
13.4
1962-June
298.6
304.0
65.2
67.2
29.7
30.8
56,
147.3
150.4
64.7
65.2
44.6
45.1
2.0
1.8
18.1
18.3
11.3
11.5
6.3
6.1
19.6
20.1
19.7
19.5
14.1
15.3
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.1
62.7
64.1
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.5
154.1
154.8
154.4
65.6
65.8
66.3
65.8
65.4
65.5
66.0
66.1
66.5
66.6
66.8
66.?
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
18.7
19.1
18.4
18.0
18.1
18.4
18.4
18.7
18.8
18.9
18.8
11.5
11.4
11.2
11.1
11.0
10.8
10.9
10.9
11.0
11.0
11.0
11.0
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21.0
21.6
20.7
21.0
22.2
20.2
20.5
21.3
19.6
20.4
21.6
20.7
19.9
19.9
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
Dec
1963- Jan
Feb
Mar
Apr
May
June.
.
.
July
Aug
Sept....
Oct
Nov
Dec
1964-Jan
62.6
309.3
32.8
56.5
67.3
157.4
46.8
Feb
311.1
61.9
33.2
57.5
158.6
67.6
46.9
Mar
310.4
61.2
33.8
57.6
157.8
67.8
47.0
Apr
308.4
60.6
33.2
56.1
158.5
67.2
47.1
May p
312.3
59.5
159.2
67.4
47.2
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the 0. S. Government, excluding
guaranteed securities held by the Treasury.
Consists of commercial banks, trust companies, and stock savings
"if
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
J^2
i
u
2/
20
20
21
20.9
20.7
20.3
20.8
19.2
11.1
22.U
21.0
5.9
15.9
11.0
19.4
6.0
23.0
21.4
15.9
10.9
6.1
22.0
21.9
19.5
15.6
22.6
18.9
10.8
6.0
22.3
15.3
19.0
10.8
6.0
23.2
22.7
15.2
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak.
Preliminary.
p
1.3
1.3
1.3
1.2
1.2
J2A
20
20
July
1964
67
.TREASUKY SUHSHY OF OWNERSHIP, MAY 31,
The monthly Treasury Survey of Ownership covers securities Issued by the United States Government and by Federal agencies.
bji
The banks and Insurance companies Included
the Survey currently account for about 9° percent of all
such securities held by these Institutions.
The similar
.proportion for corporations and for savings and loan asso-
19U
corporations and savings and loan associations In the Sep-
tember i960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
ciations Is 50 percent, and for State and local governments,
published for June 30 and December 31. Holdings by corporate pension trust funds are published quarterly, first
Data were first published for banks and lnpuranoe companies In the May 19^1 Treasury Bulletin, for
appearing In the March 195^ Bulletin.
bo percent.
Section
I
-
Securities Issued or Guaranteed by the United Stater Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
Treasury Bulletin
68
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1964
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Issue
6,0^3
commercial
banks
2/y
Treasury bills:
Regular weekly:
June 1964 - Aug.
Sept. 1964 - Dec.
Tax anticipation:
June 1964
One-year:
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1964
1964
1964
1964
1964
1964
1965
1965
1965
1965
Total Treasury bills
,'reasury
~
55?
3-3/4
4-7/8
3-3/4
4-5/8
3-7/8
3-7/8
3-1/2
4
3-5/8
4
3-5/8
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
notes:
Aug.
Aug.
Nov.
Nov.
May
May
Aug.
Nov.
Nov.
Feb.
Hug.
Feb.
Aug.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
1964-B
1964-E
1964-C
1964-F
1965-A
1965-C
1965-D
1965-B
1965-E
1966-E
1966-A
1967-B
1967-A
1964-EO
1965-EA
1965-EO
1966-EA
1966-E0
1967-EA
1967-E0
1968-EA
1968-E0
1969-EA
Total Treasury notes
Treasury bonds:
2-1/2)6 June
2-1/2
Dec .
2-1/2
June
2-1/2
Dec.
2-5/8
Feb.
2-1/2
Mar.
2-1/2
Mar.
May
3-3/4
3
3-3/8
2-1/2
2-1/2
3-5/8
2-1/2
3-7/8
3-3/4
3-7/8
4
4
4
4
3-7/8
4
4
4
4-1/4
3-7/8
4-1/4
3-1/4
1962-67
1963-68
1964-69
1964-69
1965
1965-70
1966-71
1966
Aug.
1966
Nov.
1966
June 1967-72
Sept. 1967-72
Nov.
1967
Dec.
1967-72
May
1968
Aug.
1968
Nov.
1968
Feb.
1969
Oct.
1969
Aug.
1970
Aug.
1971
Nov.
1971
Feb.
1972
Aug.
1972
Aug.
1973
May
1974
Nov.
1974
May
1975-85
June 1978-83
Footnotes at end of Table 4.
1964.
1964.
503
mutual
savings
banks
2/
27,029
11,706
3,222
1,323
2,501
150
1,998
1,001
1,002
1,000
1,005
1,000
1,000
1,001
1,001
1,001
225
139
15
96
28
153
239
104
193
423
331
532
8
52,246
7,130
370
2,045
4,086
3,867
263
1,181
470
804
502
1,865
1,606
1,601
78
24
108
922
2,991
5,961
1,816
7,977
7,268
2,954
8,561
5,653
5,820
3,475
4,433
490
466
315
675
357
270
457
212
115
2,409
1,836
2,571
85
194
149
323
231
146
245
154
89
5
488 fire,
297
life
casualty,
and
marine
139
131
21
33
83
13
11
7
22
6
8
47
50
150
89
79
71
35
101
250
126
88
93
195
84
61
90
1
252
257
7,429
7
14
15
15
116
115
97
98
50
26
53
80
28
21
88
77
44
111
28
253
298
173
22
88
175
47
139
119
91
112
17
12
11
13
87
94
228
48
100
39
74
1
1
6
27
58
43
66
21
152
1,097
,456
,814
,628
,540
,976
,416
,404
,862
,024
,851
,299
,952
,604
,743
,460
,747
674
658
863
754
1,608
426
226
1,321
656
793
38
92
215
187
6
42
75
72
103
146
174
101
169
164
171
60
65
57
40
32
14
4,984
350
5,928
45
161
104
178
15
94
18
207
279
192
134
312
117
105
85
11
8
134
1,739
2,309
4,154
276
4,057
4,016
2
37
5
1
63
1
6,307
4
557
1
1,685
174
319
15
136
6
22
1
71
3,456
1,657
50
284
169
100
146
70
74
19
11
M
69
31
1,341
190
939
307
194
101
51
5
962
900
684
1,210
603
2,857
1,000
43
41
40
64
1
574
1,581
1,041
2,410
2,301
300
185
172
4
4
5
1
*
,844
,537
,129
,806
,760
,344
,579
,894
,531
,244
,218
,587
pension
and retirement
funds
1
2
23
4
11
10
8
8
S. Government investmen accounts
and Federal
Reserve Banks
U.
315
general
funds
194
5
4
47
191
13
9
7
10
29
20,528
.591
10
9
469
corporations
89
84
75
180
67
105
53
52
19
11
87
944
1,185
256
699
1,982
784
776
488
savings
and loan
associations
65
20
67,279
6_
State and local
governments Ij
Insurance companies
74
34
2
7
134
114
9
13
117
70
49
15
26
1
4
43
72
16
147
126
95
93
69
45
99
17
61
120
15
38
4
14
78
192
61
87
135
19
26
23
22
38
213
112
145
153
164
247
106
88
73
86
114
(
51
31
80
130
82
95
82
64
189
2,696
1,987
19
45
111
21
29
39
46
60
60
18
29
22
38
19
31
49
65
114
73
11
91
30
37
64
105
16
38
Continued on following page)
23
43
16
13
12
63
34
14
51
45
48
25
31
46
68
773
41
151
47
67
72
117
86
171
114
124
164
21
98
37
84
69
41
499
35
8
2
19
7
13
10
8
7
29
9
53
1
96
25,805
9
18
33
56
86
66
52
71
6
124
12
65
38
56
31
42
124
187
74
53
53
26
55
49
75
113
47
80
151
18
111
54
232
8
3
5
21
21
94
41
8
10
4
47
a
16
52
66
33
164
14
126
287
425
200
246
520
554
537
794
388
322
45
215
129
80
817
224
431
431
38
234
369
322
528
330
216
475
382
34
671
325
189
July
1964
Treasury Bulletin
70
.TREASURY SURVEY OF OWNERSHIP, MAY 31, 1964
Section II
-
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
July
1964
71
MARKET QUOTATIONS ON TREASURY SECURITIES, June
Current market quotations shown here are over-the-
30.
1964
The securities listed Include all regularly quoted public
counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
ury.
the Treasury by the Federal Reserve Bank of New York.
States Government are excluded.
marketable securities Issued by the United States TreasOutstanding Issues which are guaranteed by the United
Table 1.- Treasury Bills
Amount outstanding (millions)
Treasury Bulletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, June 30, 1964
Table 3.- Treasury Bonds
(Price decimals are 32nds)
July
1964
73
MARKET QUOTATIONS ON TREASURY SECURITIES, June 30, 1964
74
Mf
1964
75
AVERAGE YIELDS OF LONG-TERM BONDS
z
CO
Q
Z
o
DO
UJ
or
o
0_
OT
O
O
or
Or cO
I
(f)
Q
_J
UJ
>UJ
3
or
UJ
5
..
.
,,
Treasury Bulletin
76
.MONETARY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollars except per capita figures)
Paper money 2/
End of fiscal
year or month
Total
money in
circulation 1/
Total
paper
money
Treasury
notes of
1890
United
States
notes
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
147
133
120
110
67
64
62
2,127
2,094
2,009
1,847
318
318
318
100
56
54
319
27,094
27,353
28,622
30,292
30,229
30,715
31,082
31,172
31,914
28,372
23,767
29,040
29,071
29,699
34
33
33
32
I960
1961
1962
1963
32,065
32,405
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
1962-December.
35,338
32,557
20
2,001
315
1963- July
August. .
September
35,663
35,850
35,891
32,759
32,924
32,944
20
20
20
1,823
1,805
1,816
318
317
316
36,177
37,227
37,692 2/
33,217
34,241
34,662
20
20
20
1,822
1,846
1,877
321
325
36,247
36,312
36,799
33,226
33,268
33,694
20
20
20
1,737
1,718
1,730
36,885
37,208
33,746
34,039
19
19 4/
1,714
1,718 57
321
1964- January.
February.
March. .
.
April
May
31
Total
coin
Standard
silver
dollars
59
57
92
85
78
53
37
30,102
81
38
30,484
30,667
30,678
78
78
77
37
37
37
76
76
76
37
37
321
30,941
31,938
32,331
306
312
320
31,051
31,107
31,513
75
75
74
37
37
36
322
31,580
31 ,869 6/
74
74
36
36
Coin
End of fiscal
year or month
National
bank
notes
Silver
certificates
1955
1956
1957
1958
1959
October.
November.
December.
Federal
Reserve
Bank
notes
Federal
Reserve
notes
Gold
certificates
37
Money in
circulation
per capita
tin dollars) 7/
Subsidiary
silver
Minor
coin
1,202
1,259
1,315
1,346
1,415
433
453
474
487
514
182.90
182.64
181.52
179.08
180.20
1955
1956
1957
1958
1959
1,858
1,948
2,042
2,101
2,215
223
237
253
268
285
1960
1961
1962
1963
2,338
2,462
2,652
2,878
305
329
360
411
1,484
1,548
1,663
1,790
549
585
629
676
177.47
176.45
130.98
187.40
1962-December.,
2,781
385
1,739
658
187.91
1963- July
August. .
September,
.
2,904
2,926
2,947
420
428
432
1,803
1,812
1,824
682
685
690
188.17
188.90
188.86
October. .
November.
December.
2,960
2,986
3,030
436
440
452
1,829
1,846
1,872
696
700
706
190.13
195.31
197.54
1964- January. .
February.
March
3,021
3,044
3,105
455
459
481
1,859
1,871
1,905
708
713
719
189.76
189.89
192.23
3,139
3,169
482
482
1,933
1,958
724
730
192.47
193.94
April
May
Source:
Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
2/ The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasury! Gold certificates
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes.
The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U.S.C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C. 445 note),
and the national bank notes since December 23, 1915 (12 U.S.C. 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U.S.C. 912-916). The
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
been destroyed or lost, and to reduce the amounts thereof on the books
of the Treasury:
Gold certificates issued before January 30, 1934;
silver certificates, United States notes, Federal Reserve Bank notes,
2/
lj
V
6/
7/
and national bank notes all issued before July 1, 1929; Federal
Reserve notes issued prior to the series of 1928; and Treasury notes
of 1890. Accordingly, the Secretary of the Treasury has determined
that the following paper currencies have been destroyed or irretrievaOn October
bly lost and so will never be presented for redemption:
20, 1961, $1 million of Treasury notes of 1890; and on August 27,
1962, 19 million of gold certificates, $15 million of silver certificates, $18 million of Federal Reserve notes, $1 million of Federal
Reserve Bank notes, and $15 million of national bank notes.
Highest amount to date.
Issued prior to January 30, 1934.
Includes $15 million issued before July 1, 1929.
Includes $18 million issued prior to the series of 1928.
Based on the Bureau of the Census estimated population. Through fiscal
1958 the estimated population is for the conterminous United States
(that is, exclusive of Alaska, Hawaii, and the outlying areas such
Beginning with fiscal
as Puerto Rico, Guam, and the Virgin Islands)
1959 the estimates include Alaska, and with fiscal I960, Hawaii.
Less than $500,000.
.
*
..
..
.
.
July
1964
77
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Sliver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
Silver
($35 per
per
fine ounce)
($1 .29+
fine ounce)
Ratio of silver to
E^old and silver in
monetary stocks
(in percent)
3,922.4
3,994.5
4,116.6
4,306.0
1962
1963
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6 1/
19,322.2
17,550.2
16,435.2
15,733.3
4,394.5
4,346.5
4,317.4
4,315.2
15.3
15.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
1962-December.
15,978.1
4,318.2
21.3
1963- July
August. .
September
15,632.9
15,581.9
15,581.6
4,313.9
4,313.5
4,311.5
21.6
21.7
21.7
October.
November
December
15,582.9
15,582.2
15,513.0
4,298.2
4,275.2
4,265.7
21.6
21.5
21.6
964- January .
February
March. . .
15,512.0
15,461.7
15,460.7
4,258.6
4,255.8
4,250.2
21.5
21.6
21.6
15,462.1
15,462.6
4,239.0
4,234.3
21.5
21.5
1955
1956
1957
1958
1959
1960
1961
1
April.
. .
May
Circulation Statement of United States Money,
silver monetary stock see Table 4.
Source:
For detail of
4,4U.1
1/
See Table 3, footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc. 2/
.Balance of gold in
Treasurer's account
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
491.2
491.2
September
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
15,632.9
15,581.9
15,581.6
15,502.3
15,447.5
15,464.5
130.6
134.4
117.0
October.
November.
December.
15,582.9
15,582.2
15,513.0
15,466.4
15,450.0
15,392.9
116.6
132.2
1964-January.
February.
March. ..
15,512.0
15,461.7
15,460.7
15,462.1
15,462.6
15,386.6
15,184.8
15,190.1
125.4
276.9
270.6
15,350.9
15,332.0
111.2
130.5
1955
1956
1957
1958
1959
1960
1961
1962
1963
1963- July
August.
.
April...
May
Source:
1/
2/
Circulation Statement of United States Money.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
3_/
508.1
396.1
105.4
101.0
117.8
126.0
120.1
120.1
of $156.0 million against United States notes and through June 30,
1961, Treasury notes of 1890.
The United States payment of the $343.8 million increase in its
gold subscription to the International Monetary Fund, authorized
by the act approved June 17, 1959 (22 U.S.C. 286e) was made on
June 23, 1959 (see "Administrative Budget Receipts and Expenditures," Table 3, footnote 13).
...,
Treasury Bulletin
78
MONETARY STATISTICS.
Table 4.- Components of Sliver Monetary Stock
(
In millions of dollars)
Silver held in Treasury
End of calendar
year or month
Securing silver certificates 1/
1
Silver
dollars
Subsidiary
coin 2/
2,194.4
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
1,981.5
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
15.7
2,071.9
2,052.5
2,039.9
October. .
November.
December.
1964- January.
February.
March
Silver
bullion 2/
1955
1956
1957
1958
1959
I960
1961
1962
1963
,
,
,
,
1963- July
August. . .
September,
.
April
May
1/
2/
Silver
bullion ij
Silver
dollars 1/
Subsidiary
coin 2/
Total
silver
at $1.29+
per fine
ounce
3.7
17.9
63.0
92.3
148.3
127.4
88.2
24.2
29.7
18.0
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
456.3
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
1,887.2
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4,375.6
4,308.6
4,318.2
4,265.7
56.4
48.2
45.5
3.9
6.1
3.9
28.5
31.6
32.7
429.6
437.6
440.2
1,824.5
1,839.7
1,852.1
4,313.9
4,313.5
4,311.5
2,022.3
1,999.2
1,981.5
42.8
35.2
28.5
4.9
4.9
3.7
33.1
24.3
18.0
443.0
450.0
456.3
1,855.4
1,865.2
1,887.2
4,298.2
4,275.2
4,265.7
1,970.5
1,948.3
1,923.9
27.8
24.3
K.7
3.0
14.6
15.6
17.0
19.6
19.2
457.0
460.5
481.8
1,889.7
1,904.2
1,923.4
4,258.6
4,255.8
4,250.2
1,894.1
1,871.6
2.9
2.9
12.8
13.7
17.6
14.9
481.8
481.8
1,949.2
1,970.3
4,239.0
4,234.3
Circulation Statement of United 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 Government.
Source:
Silver outside
Treasury
In Treasurer s account
2.3
8.2
iu:
3.
2.
3.
3.
3/
Ij
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce
held for recoinage of subsidiary silver coins.
.
.
..
.
6
.
1964
July
79
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
Seigniorage
End of calendar
year or month
on coins
(silver and
minor) 2/
1963- July
August. .
September.
.
October.
November.
December.
1964- January.
February
March.
.
April.
May.
.
.
June p.
Misc. silver
(incl. silver
bullion held
June 14, 1934)
Silver Purchase Act
of June 19,
1934 2/
Nationalized
silver
Proclamation
(Proc. of
Aug. 9, 1934)
1933
of Dec. 21,
226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584-3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833
833
833
833
833
833
833
833.7
833.7
833.7
833.7
34.5
34-7
34.7
34-7
34-7
34.7
34-7
34-7
34-7
34-7
34-7
34-7
34-7
34-7
34.7
34-7
34-7
34-7
34.7
34-7
34-7
34.7
34-7
34-7
34-7
34.7
34-7
34.7
34-7
16.8
36.0
58.0
74
,038.5
,101.7
,146.9
,198.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
1,170.0
1,173.7
1,178.8
48.7
48.7
48.7
833.7
833.7
833.7
1,185.1
1,189.7
1,198.9
48.7
48.7
48.7
1,208.4
1,214.3
1,219.8
1,224.6
1,230.2
1,236.4
18.5
46.I
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694-2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1935.
1936.
1937.
1938.
1939.
1940.
19411942.
1943.
19441945.
1946.
19471948.
1949.
1950.
1951.
1952.
1953.
19541955.
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
Newly mined silver 2/
Acts of
July 6, 1939 and
July 31, 1946 2/
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account ij
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
4.2
25.7
48.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
114.6
125.4
134-7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5
1,172.5
1,172.5
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34-9
6.6
14.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
13.8
34-7
34-7
34-7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.3
17.3
833.7
833.7
833.7
34-7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.4
17.4
13.8
48.7
48.7
48.7
833.7
833.7
833.7
34-7
34.7
34.7
87.6
87.6
87.6
167
167,
167,
1,172.5
1,172.5
1,172.5
8.6
7.6
7.6
48.7
48.7
48.7
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.
167.
167.
1,172.5
1,172.5
1,172.5
7.6
7.6
7.5
Source:
Bureau of Accounts.
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
3_/
4_/
p
87.
87.
87.
87.
87.
87.
274.9
397.5
5a.
An act approved June 4, 1963 (77 Stat. 54) repealed the Silver
Purchase Act of 1934, the silver purchase provisions of the act of
July 6, 1939, and the act of July 31, 1946.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Preliminary.
Table 6.- Increment Resulting from the Reduction in the Weight of the Gold Dollar,
as of June 30, 1964 p
Allocation of
increment 1/
Exchange Stabilization Fund
Charges against
increment
$2,000,000,000.00
$2,000,000,000.00
139,299.557.00
139,299,557.00
Philippine currency reserve
23,862,751.00
23,862,751.00
Melting losses on gold coin
2,175,121.93
1,857,771.96
645,387,965.45
645,387,965.45
Payments to Federal Reserve Banks for industrial loans 2/
Retirement of national bank notes
Dnassigned
Total increment
Source:
y
1/
Bureau of Accounts.
The authority, purpose, and amount through 1940 of these allocations
are summarized in the 1940 Annual Report of the Secretary of the
Treasury, pages 128-30.
Pursuant to Public Law 85-699, approved August 21, 1958 (72 Stat. 698)
the $111,753,246.03 unexpended balance of this allocation was covered
8,786,695.72
2,819,512,091.10
Unexpended balance
of increment
$317,349.97
8,786,695.72
2,810,408,045.41
9,104,045.69
into the Treasury as miscellaneous receipts; and the $27,546,310.97
which had been advanced to the Federal Reserve Banks under this
allocation was repaid into a special fund from which it was appropriated to the Small Business Administration. Under subsequent legislation (73 Stat. 209) the unused portion of this appropriation was rescinded and the balance, $23,653,582.01, was covered into the Treasury.
Preliminary.
.
Treasury Bulletin
80
.EXCHANGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1963, and March 31, 1964
June 30, 1963
Assets;
Cash:
Treasurer of the United States, checking accounts
Federal Reserve Bank of New York, special account
Total oash.
.
t
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Central Bank of Argentina
Belgian National Bank
Banco de Brazil
Bank of Canada
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank (I.M.F.)
Bank of England
Banque de France (I.M.F.)
Banco d' Italia
Netherlands Bank
Swiss National Bank
»
Bank for International Settlements
Investments in:
U. S. Government securities
Foreign securities
Accrued interest receivable
Accrued interest receivable - foreign agreements
Accounts receivable
Unamortized premium on-U.
S.
Government securities
Office equipment and fixtures
Less allowance for depreciation
Total assets
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account U.
savings bonds
Miscellaneous
S.
Total accounts payable
Special Deposit accounts
Unamortized discount on U. S. Government securities
Advance from Treasurer of the U. S. (I.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net income (see Table 3)
Total liabilities and capital
Note:
Annual balance sheets for fiscal years 1934 through 1940 appear in
the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance
sheets beginning with that for December 31, 1938, have been published
$1,069,324.12
March 31,
1964.
.
July
1964
81
.EXCHANGE STABILIZATION FUND.
Table 2.- Current United States Stabilization Agreements, March 31, 1964
Dates of agreements
Country
Original
(Effective)
Renewal
Expiration
Original
agreement
Advances
(
Argentina.
June
Brazil..
May
16, 1961
May
pan.
31, 1963
13, 1964
.
Chile
|_Mar.
Mexico.
1/
Jan.
..
7, 1962
1,
1964
Mar.
27, 1963
Oct.
Repayments
In millions)
6,
1963 1/
$50
$50
$13.9
15,
1963 1/
70
130
99.3
Jan. 30, 1964 1/
Feb. 13, 1965
10
15
10
0.4
Dec.
75
31, 1965
No further drawings permitted after expiration.
Table 3.- Income and Expense
January 31, 1934 through
June 30, 1963
Classification
January 31, 1934 through
March 31, 1964
Income:
Profits on transactions in:
Gold and exchange (including profits from
handling charges on gold)
$137,233,959.55
$138,337,834.26
3,473,362.29
3,473,362.29
102,735.27
102,735.27
2,631,833.77
2,638,546.28
105,621.96
114,077.87
Investments
26,392,560.89
29,952,307.08
Foreign ba lances
11,831,626.28
14,683,780.90
181,771,700.01
189,302,643.95
25,824,452.65
27,785,048.58
1,568,826.73
1,680,542.61
2,142,512.75
2,169,471.49
800,359.69
853,662.22
204,298.53
225,494.43
Sale of silver to U. S. Treasury
Silver
Investments
Miscellaneous
Interest on:
Total income
Expense:
Personal compensation and benefits
Travel
Transportation of things
Rent, communications, and utilities
,
Supplies and materials
,
Other
,
Total expense
Net income
3,549,239.60
3,781,340.55
34,089,689.95
36,495,559.88
147,682,010.06
152,807,084.07
.
. ..
.
.
.
.
Treasury Bulletin
82
.
INTERNATIONAL FINANCIAL STATISTICS.
Table I.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)
Gold stock 1/
Total gold stock
and foreign currency
holdings
End of calendar
year or month
Total
Treasury
Foreign
currency
holdings
2/
22,091
21,793
21,753
1953.
1954.
1955.
1956.
1957.
22,091
21,793
22,030
21,713
21,753
22,058
22,857
21 ,690
22,781
22,058
22,857
1958.
1959.
1960.
1961.
1962.
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
1963.
15,808
15,513
15,596
212
196 3- June
July
August. ..
September.
October. .
November.
December.
15,956
15,764
15,725
15,788
15,910
15,780
15,808
15,733
15,633
15,582
15,582
15,583
15,582
15,513
15,830
15,677
15,633
15,634
15,640
15,609
15.596
126
87
92
154
270
171
212
1964-Jsnusr-. ..
February .
March
April
May
June p. . .
15,847
15,865
15,990
15,991
15,946
15,805
15,512
15,462
15,461
15,462
15,463
15,461
15,540
15,518
15,550
15,727
15,693
15,623
307
347
440
264
253
182
.
21 ,949
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
In accordance with Fund policies, these drawing
$4,125 million.
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars.
On June 30, 1964, the net
balance of these three amounts was $786.2 million. Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
Note:
V
3_/
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of June 30, 1964, this
amounted to $800 million. Of this amount, the United States purchased
$200 million in 1956, $300 million in 1959, and $300 million in
1960.
2/ Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in "Circulation Statement of United Stages
Money." See "Monetary Statistics," Table 3.
3/ Includes holdings of Treasury and Federal Reserve System.
Preliminary.
p
Table 2.- U. S. Treasury Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Total
Austria
Belgium
Germany
Italy
Switzerland
Total
Canada
Italy
Sweden
(In millions of dollars)
(Dollar equivalent, in millions)
1962.
1963.
251
730
50
30
275
200
200
175
163
125
13
1963- June.
605
25
30
200
200
150
133
125
58
July
August. .
September.
655
705
705
25
25
25
30
30
30
225
275
275
200
200
200
175
175
175
208
163
163
125
125
125
58
13
13
25
25
25
October.
November.
December.
705
705
730
25
25
50
30
30
30
275
275
275
200
200
200
175
175
175
163
163
163
125
125
125
13
13
13
25
25
1964- January .
February.
March
730
730
680
50
50
50
30
30
30
275
275
275
200
200
150
175
175
175
160
160
158
125
125
125
10
10
8
25
25
25
732
802
802
50
50
50
30
30
30
477
477
477
175
245 1/
245 1/
158
158
152
125
125
125
.
April.
May...
June.
Note:
For complete information on U. S. Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
1/
51
Includes the equivalent of $70 million payable in Swiss francs
to the Bank for International Settlements.
25
25
25
25
25
July
1964
83
,
INTERNATIONAL FINANCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Count ries and International and Regional Organizations
(In millions of dollars at $35 per fine
"
Treasury Bulletin
84
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935.
countries. The data reported to and published by the Treasury
Department exclude entirely the Intercompany capital trans-
pursuant to Executive Order 6560 of January 15, 193 +, Execuand Treasury regulations
their own branches and subsidiaries abroad or with their for-
1
tive Order IOO33 of February 8, 194$
promulgated thereunder.
,
Information on the principal types of
data and the principal countries Is reported monthly, and Is
published monthly In the "Treasury Bulletin." Supplementary
Reports by banks,
Information is published less frequently.
bankers, securities brokers and dealers, and nonflnanclal
business concerns In the United States are made Initially to
the Federal Reserve Banks, which forward consolidated figures
These statistics are consolidated by the
tc the Treasury.
Treasury and published as promptly as possible.
actions of business enterprises In the United States with
eign parent companies; such transactions are reported by
business firms to the Department of Commerce. Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
Certain capital transactions not effected through reporting Institutions, such as
excluded from the Treasury reports.
securities transactions carried out entirely abroad, are not
recorded In the Treasury reports. Consolidated data on all
types of capital transactions are published by the Department
of Commerce In its regular reports on the United States
The reporting forms and Instructions used In the collec-
balance of payments.
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of May 31
,
1963.1/ A detailed description
of the content of the statistics,
Including the changes
Instituted, appeared In the July 1563 Issue of the "Treasury
Bulletin," pages 79-Sl.
The liabilities data exclude nonnegotlable, nonlntereet-
bearlng special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
As a result of changes In presenta-
tion Introduced In that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used In the Treasury reports
covers all institutions and Individuals domiciled outside
the United States, Including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official Institutions of foreign
countries, wherever located; and International and regional
organizations, wherever located.
data are reported opposite the foreign
country or geographical area In which the foreigner is domiciled.
Tata pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
In general,
The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section, Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in the "Treasury Bulletin" In three
sections.
Section I provides a summary of the principal data
by period; Section II presents data by country and by period;
and Section III shows detailed breakdowns of the latest avail-
able preliminary data.
International and regional organizations are reported opposite
Section IV presents supplementary data in five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
the classification "International," "European regional," or
concerns, Is published quarterly In the February, May, August,
"Latin American regional," as appropriate, except for the
Bank for International Settlements and the European Fund,
and November Issues of the Bulletin.
which the official Institution belongs.
Data pertaining to
which are Included In the classification "Other Western
Europe.
"Short-term" refers to obligations payable on
demand
or having an original maturity of one year or le6s,
without
deduction of any offsets.
"Long-term" refers to obligations
having an original maturity of more than one year,
and in-
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
1/
Table
2,
estimated gold
reserves and dollar holdings of foreign countries and Inter-
national institutions, is published quarterly in the March,
June,
September, and December issues.
Table
3i
foreign credit
and debit balances In brokerage accounts, appears semiannually
In the March and September issues.
Table k, short-term
banking liabilities to foreigners In countries and areas not
regularly reported separately, heretofore has been presented
annually in the March Issue, but beginning with the August
1963 issue is published twice a year, covering data as of
April 30 and December Jl.
Table 5. purchases and sales of
long-term securities by foreigners during the preceding
calendar year, appears annually in the April Issue.
Copies of the reporting forms and instructions may be obtained from the Office. of Balance of Payments, Office of International Affairs,
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
8
,
.
July
a
5
1964
85
.CAPITAL MDVIMENTS.
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions in Long-Term Securities with Foreigners]/
I
In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
Total
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1946
194.7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
-752.1
550.3
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-404.8
305.4
-780.6 2/
1962
1963
1'
1963-May
June
July
August..
.
,
September.
October. .
November.
December.
1964-January. .
February .
March
April p...
May p
146.6
-369.0
371.6
163.4
326.8
44.7
-1,083.3
22.1
-231 .7
-448.2
202.0
-220.6
U
Long-term
banking
funds
funds
U.S. Gov't
bonds
and
notes 2/
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
1,822.9
1,859.9
2,486.0
923.0
5.1
59.1
-728.
379.6
449.8
-330.1
86.2
408.
-345.5
281.4
100.3
17.2
6.6
205
22
-10
142
83
444.6
V
Short-term
banking
-418.4
636.2
601.5
-100.0
1,026.8
657
1,243
1,102
1,270
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
405.7
1,278.1
521.9
1961
186.2
423.0
271.2
-489.9
199.3
-5.1
-243.8
446.0
-47.4
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
9.4
138.4
-494.4
3.5
-1.2
11.0
-2.9
6.5
187.6
-1.0
-215.4
434.8
6.0
4.0
0.4
33.5
35.3
14.3
4U.9
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 84.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking funds during May 1963 reflects the
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
670.9
2/
3_/
Other
domestic
securities
-64.5
-150.6
-144.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
59.8
206.9
70.6
12.2
16.2
17.5
3.8
-10.9
8
31.0
23.0
-5.1
12.8
-34.1
-35.1
-19.6
29.6
-26.8
-4.5
-82.8
tj
p
Short-term
banking
funds
Total
Long-term
banking
funds
Transactions
in foreign
securities
2/
104
-25.0
Note:
1/
Changes in claims on foreigners
Transactions in:
Net
movement
15.1
-15.5
-288
-12^.8
189.6
-395.2
.
-461 .0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1.0U.7
-1,788.2
-2,314.0
-1,517.5
-2,640.5 l/lj
-516.9
-303.2
-38.9
-73.0
-22.8
-96.2
-226.5
-593.4
-177.2
-226.6
-204.4
-244.0
-173.2
V
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
-343.0
-751 .6
-126.6
-844.7
-39.0
-183.8
60.7
34.2
-0.9
-132.7
-167.5
-179.3
-193.5 3/
-17.6
-34-5
-40.9
-38.4
0.7
-69.0
-426.5 lj
-169.2
-116.5
-122.8
-132.1
-56.5
-43.0
-61.3
-114.9
-27.0
-25.5
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-6U.7
-830.4
-1,047.9
-1,044.2
-284.4
-101.8
-65.1
-66.3
16.5
35.8
10.0
12.4
35.0
-48.8
33.3
-84.9
-91.2
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of |193.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Preliminary.
..
.
,
:
Treasury Bulletin
86
CAPITAL MOVEMENTS
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar
year or month
Total
shortterm
liabilities
Foreign countries
Official
institutions
1962
1963
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,271.6
22.450.3
22,532.6
25,018.6
25,941.6
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
7,916.6
8,664.9
9,154.3
10,212.3
10,893.2
10,893.3
11,915.3
12,436.9
1963-May
June
July
August...
September
October.
November.
December.
25,437.8
25,846.6
25,501.1
25,782.5
25,882.7
26,297.7
26,436.0
25,941.6
1964 -January.
February.
26,129.3
26,128.2
25,912.8
26,347.7
26,353.7
1945
1946
1947
1948
1949
1950
,
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
,
,
,
,
,
1961
1961 i)..
March ....
April p..
May p
.
V
K
2/
u
5/
6/
.
Foreign
banks
2/
H
2/
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
Other
foreigners
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,689.5
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2.355.5
2,356.9
2,564.4
3,046.2
12,069.5
12,351.5
11,958.4
12,215.3
12,392.3
12,312.2
12,363.5
12,436.9
5,617.3
5,711.8
5,689.8
5,770.5
5,681.1
6,141.1
6,254.2
5,689.5
12,187.0
12,029.1
11,991.7
11,723.4
11,875.1
6,143.6
6,130.8
5,974.3
6,583.9
6,426.7
Payable
International
and
regional
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
4,011.8
3.75L7
in
foreign
currencies
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4
liabil-
ities
.9
1.4
4.6
1
1.
1.
2.
1.
2.7
2.8
1.2
9.9
1.6
:s
Z
3,751.7
5,144.5
4,635.1
150.4 _
143.4 6/
2,762.0
2,821.2
2,796.2
2,863.6
2,920.5
2,942.7
3,020.2
3,046.2
4,859.5
4,835.6
4,948.2
4,821.2
4,780.7
4,756.9
4,668.7
4,635.1
129.5
126.6 6/
108.4
111.7
108.2
144.8
129.5
3,001.6
3,069.4
3,110.1
3,152.2
3,106.8
4,666.5
4,773.7
4,724.6
4,771.6
4,827.5
130.6
For exclusions see headnote on page 84..
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions begin-
Total
longterm
134.1 6/
134.1 6/
7.5
2.2
2.2
7.3
66.4
33.5
40.1
49.5
53.0
51.8
62.8
59.9
66.4
70.4
70.8
125.1
112.1
104.3
116.76/ 139.6
117.6
153.9
7/
8/
p
Payable in dollars
Total
shortterm
claims
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0
3,614.2
4.762.3
4,820.3
5,163.2
5,914.8
Payable
Loans to
Official
institutions
2/
K
2/
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
I2ST5
358.9
186.0
in
Foreign
banks
Other
foreigners
Other
claims
100.3
319.6
292.9
361.2
222.7
2/
2/
2/
2/
2/
245.0
290.5
490.6
15L1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
623.5
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,005.1 7/8/
723.9
753.6
775.8
3,108.9
3,131.1
3,161.7
3,044.6
3,098.0
3,147.6
3,184.7
3,374.7
594.8
691.6
635.7
631.2
601.6
691.2
635.7
623.5
2,378.9 7/
2,396.5
2,431.0
2,471.9
2,510.3
2,509.6
2,578.6
3,005.1 8/
797.7
804.8
822.8
859.5
868.2
3,416.0
3,504.2
3,609.6
3,648.4
3,632.4
641.6
3,048.0
3,109.3
3,224.2
3,251.2
3,276.8
104.2
109.8
131.7
109.8
I42.O
235.6
330.4
303.0
427.5
460.1
482.1
557.1
494.3
328.7
503.4
627.9
45L5
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
617.6 2.531.1
709.2 "522.4 2,573.9
641.8 2,652.9
952.6
954.9i
775. 8r 3,374.7
^4
5,345.5
5,529.3
5,468.6
5,434.4
5,435.4
5,568.0
5,735.5
5,914.8
171.4
141.8
136.0
165.8
176.8
153.4
200.7
186.0
790.3
869.3
827.5
6,084.0
6,200.6
6,323.4
6,455.5
6,512.0
191.5
163.7
149.8
140.4
140.0
1,037.2
1,089.7
1,083.5
1,112.9
1,153.4
876.1
839.6
851.8
960.8
954.9
foreign
currencies
Total
longterm
claims
680.1
695.5
707.7
716.7
719.3
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6
136T3
557.1
638.1
657.7
694.3
718.1
ning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; June 1963, $25.5
million; December and end 1963, $30.1 million; May 1964, $30.1
million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Revised
Preliminary.
r
.....
July
1964
87
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net
Net purchases
Calendar year or month
Purchases
Foreign countries
Sales
Total
Other
Official
414.5
344.8
282.4
430.0
,236.4
673.6
533.7
646.O
800.9
,341.1
883.4
666.1
,223.9
,216.9
,729.6
,743.7
,779.9
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963,
,867.1
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
126.7
8.0
104.7
369.-:
100.2
-8.0
-3.4
105.0
-3.3
14.
-21.3
-.7
-11.8
-5.6
4.7
-9.0
43.
.8
60.4
-14.0
297.5
56.9
40.7
175.5
171.0
35.0
193.5
7.5
91.9
34.7
50.9
33.2
87.7
26.9
88.8
32.4
-25.0
-6.3
-4.7
1964- January..
February.
March. . .
April p .
May p
66.4
107.4
18.4
22.5
221.4
71.5
77.8
45.2
27.0
304.2
-5.1
29.6
-26.8
-4.5
-82.8
26.7
26.4
16.7
2.6
-26.8
-8.3
19.1
.
H,
30.
5.
42.
81.
3.7
.6
Sales
-48.6
.5
.1
.1
-102.5
y
For exclusions see headnote on page 34..
Through 1949, includes transactions in corporate bonds.
purchases
domestic
securities
Net
Purchases
Sales
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,526.5
-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
197.5
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
purchases
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
246.4
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
9.3
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.2
2,724.0
27.8
16.0
23.7
23.3
12.8
14.2
18.4
29.5
17.4
24.6
15.3
19.6
16.9
25.2
27-7
10.3
-8.6
8.4
1.2
-6.8
-2.7
-6.8
1.7
282.0
338.2
184.4
201.3
226.5
246.6
240.0
247.3
221.7
317.5
176.6
185.0
216.0
254.8
202.2
226.0
60.2
20.7
7.8
16.3
10.5
-8.2
37.8
21.2
276.2
34.4
6.0
159.8
87.0
-2.8
135.5
-2.0
26.9
13.4
37.8
30.3
31.4
17.7
21.9
21.8
32.6
17.8
9.1
-8.5
16.0
-2.3
13.6
282.0
216.8
260.9
309.8
256.7
278.3
242.4
312.0
327.0
255.2
3.7
-25.6
-51.1
-17.3
1.5
7.7
-4.5
-61.9
-24.I
-67.7
3/
K
y
i
3.0
Net
2/
2/
205.6
22.2
-10.2
142.2
83.3
purchases
of
International
and
regional
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
1963-May
June
July
August.
September
October.
November
December.
Stocks
Bonds 2/
%
y
22.1
Through 1949, included with transactions in U.
Preliminary.
bonds and notes.
p
S.
Government
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)
Foreign stocks
Foreign bonds
Calendar year or month
Purchases
Sales
Net
Sales
purchases
Net
purchases
Total
purchases
Total
sales
Net purchases
of foreign
securities
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1,686.1
556.1
676.8
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,843.2
2,730.3
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-1,047.9
-1,044.2
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
L,093.3
990.5
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
2,086.0
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
-944.0
-1,095.4
1963-May
June
July
August. .
September
October.
November.
December.
144.0
56.8
75.1
45.1
227.6
50.1
28.6
40.4
408.7
157.0
116.6
110.5
231.8
43.2
60.9
62.4
-264.7
-100.3
-41.5
-65.4
-4.2
6.9
-32.3
-22.1
67.1
59.1
55.1
42.1
43.9
59.9
69.9
62.7
86.9
60.6
78.8
43.0
23.2
31.0
27.7
28.3
-19.7
-1.5
-23.7
-1.0
20.7
28.9
42.2
34.4
211.1
115.9
130.2
87.2
271.5
110.0
98.5
103.0
495.5
217.6
195.3
153.5
255.0
74.2
88.5
90.7
-284.4
-101.8
-65.1
-66.3
16.5
35.8
10.0
12.4
1964- January.
February.
March. . .
April p .
May p . .
39.9
50.8
42.8
69.6
53.4
37.2
125.8
40.1
174.8
156.5
2.7
-75.0
2.8
-105.2
-103.1
77.0
62.0
66.5
68.9
61.7
44.7
35.8
32.3
26.2
30.5
20.3
11.9
116.9
112.8
109.3
138.5
115.1
81.9
161.6
76.0
223.4
206.3
35.0
-48.8
33.3
-84.9
-91.2
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
,
,
,
,
,
.
p
Preliminary
490.4
634.3
291.4
311.5
710.2
36.0
48.6
49.7
.
Treasury Bulletin
88
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners!/
(Position at end of period in millions of dollars)
Calendar year
1964
Country
I960
1961
1963
1962
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
243.1
142.0
54.2
46.0
519.0
3,475.7
63.1
877.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
255.1
326.0
52.1
90.8
988.7
2,841.6
67.2
1,234.1
216.4
105.2
99.3
153.4
406.4
874.8
25.9
2,226.6
11.6
326.4
4.8
15.7
329.1
177.4
67.0
73.2
1,156.6
2,729.9
118.9
1,383.8
248.2
124.7
160.6
177.2
490.5
907.5
25.2
1,608.6
10.5
351.7
2.6
18.5
Total Europe
9,045.7
10,322.0
10,161.7
10,775.8
2,438.8
2,757.6
3,348.9
2,987.7
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
68.8
72.0
11.8
234.7
228.2
105.3
146.8
42.5
494.7
86.7
209.6
204.1
135.3
148.3
14.7
418.0
228.0
111.0
88.8
14.9
97.4
10.5
375.5
179.2
143.4
169.3
10.9
668.8
128.7
158.2
113.5
590.7
350.4
135.9
93.3
19.7
2,307.8
2,340.5
2,448.0
3,137.4
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
34.8
57.3
53.9
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
34.6
55.5
77.7
185.0
92.0
264.4
254.6
35.7
65.3
41.4
28.5
81.3
2,195.2
135.7
174.5
75.2
332.7
278.6
34.9
66.0
50.8
47.8
111.9
2,454.3
112.6
208.6
149.2
382.1
352.9
Total Asia
3,115.3
2,973.6
3,444.1
3,971.1
33.9
35.2
67.9
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 4/..
Bahamas and Bermuda 5/
Netherlands Antilles and Surinam...
Other Latin America 4/ .5/
Total Latin America
531.1
98.2
105.1
101.1
405.0
264.7
122.8
84.0
57.0
365.5
419.9
160.7
99
1,478
3,040
188
802
360
132
191.4
205.0
409
905
20
1,489
15
465.2
1.8
23.7
1'
Asia:
Africa:
Congo (Leopoldville)
Morocco %/
South Africa
United Arab Republic (Egypt)
Other Africa 2/
Total Africa 7/
31.9
64.3
29.3
21.9
79.6
93.0
31.7
14.5
110.2
227.0
283.3
Other countries:
Australia
All other j/
Total other countries 7/
125.2
International and regional:
International
European regional 2/
Latin American regional
3,897.2
2/
114.6
Total international and regional 2/
Grand total
75.6
63.0
1,671.6
199.5
88.1
37.2
4,011.8
21,271.6
y
41.5
13.9
160.5
January
February
March
April p
May p
.
July
1964
89
CAPITAL MOVEMENTS
Table 2.
,
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
Calendar year
1964
Country
I960
1961
Europe:
Austria
Belgium
Denmark
Finland
France
Germany . .
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/ 2/
Total Europe
6.2
34.1
33.3
17.0
3.9
7.6
27.9
59.5
48.8
245.3
11.1
10.9
H
7.6
716.7
Canada
421.1
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi co
Panama
120.8
225.4
72.7
80.4
25.5
343.4
22.6
44.3
P eru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
2.3
65.1
13.2
9.2
32.0
81.8
57.0
American Republics y.
Bermuda
Antilles and Surinam.
America ij %/
Total Latin America
234.5
55.1
5/
8.5
65.5
1,355.6
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries:
Australia
All other J/
Total other countries 8/
International and regional
Grand total
1.7
9.3
9.2
.2
23.9
805.9
2.1
18.6
7.3
24.0
150.0
1,052.2
2.5
u
11.0
3.2
U
8/
1962
1963
January
February
March
April p
May p
Treasury Bulletin
90
CAPITAL MOVEMENTS
,
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
July
1964
.
92
Treasury Bulletin
CAPITAL MOVMENTS
,
Section II - Summary by Countries
Table 5.- Net Transactions In Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United State
Calendar year
1963
1964
Country
1960
1961
1962
1963
1964
through
May p
December
January
February
2
-59
-26
-39
-76
515
-147
333
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
-10
2,765
-9
-439
-410
23
-1,793
-409
-3
89
-246
-119
482
-635
-1,271
-136
39
14
-451
-103
-3
-231
5,489
-218
-79
-297
-9,394
-7,915
-428
-2,616
-78
54
58
140
269
211
-6,818
278
-179
4,582
-12
-5,719
11,345
-4
7,616
585
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
-6
9,507
3,226
-176
-4,366
782
204
55,766
37
-1
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 1/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 1/ 2/
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Other countries:
Australia
All other 2/
Total other countries 4/
International and regional:
International
European regional
Latin American regional
-44
12
-6
-234
-28
163
1,474
324
174
-45
-228
3,078
-23
42
-458
126
-162
2,543
-456
3,560
-32
261
2,507
6,916
779
1,631
-10,442
-2
-19
-5
-4
33
54
-1
19
11
-21
12
-4
10,674
33,345
42,045
-89,628
-76,249
-51,845
259
-86
386
-214
132
917
217
687
-70
174
-23
1,292
58
395
1,394
755
793
2/
10,349
417
54
-397
-887
2/
208
2,475
17,609
-130
-115
317
-56
52
8
352
-37
18
95
48
57
37
27
32
135
-45
-69
65
108
-1
69
81
19
1
-2,705
1,284
-2
20
1,589
-35
289
-148
y
179
93
y
58
39
2
-89
-236
41
258
-67
-36
96
-10
-2
4
439
-4
-11
-11
441
-542
912
1,786
1,153
796
5,302
-5,099
491
-2
233
17
-2
169
274
5
671
6
-10
-12
-29
104
-4
240
-6
56
-18
904
692
33
266
-28
4
98
65
-8
87
4,905
477
736
470
766
6,143
1,575
2/
y
-2
y
82
-1
25
3
309
3
55
705
y
-19
-2
y
y
y
y
y
y
-903
59
9
22
-11
476
49
166
-792
29
602
194
11,548
9,878
12,078
16,190
y
y
.
-11
-96
194
-107
194
-16
5,714
1,574
1,171
1,171
Grand total
9,144
1/
y
38
645
-109
-63
-498
830
135
-330
116
6
-19,846
56
49
1,751
176
7
60,045
240
-120
-54
544
-698
-1,265
-16
39
333
-448
3,482
-44
-146
1,196
7,651
-14
28,825
-330
163
-39,058
52
Total Africa.
Total international and regional
-8
580
Through April, 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; other Latin
American republics included with "Other Latin America."
Through 1963, Bahamas and Bermuda are included with "Other Latin America.
13
.
July
.
1964
93
CAPITAL MOVEMENTS
,
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1962
1961
I960
1964
1963
Country
1964
through
May p
1963
December
January
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe 1/'.
.
.
195
2,245
790
-116
37,881
19,716
-259
29,219
-4,260
-399
10,820
376
121
115,048
108
-40,920
-13
2,939
580
3,141
-1,810
-427
22,587
22,711
-709
14,272
28,971
668
6,538
1,559
-1,200
161,565
235
-10,940
12
5,718
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
217
-3,862
117,236
-262
-40,589
3,473
1,968
-10,960
-641
-891
-9,006
-8,370
-327
5,004
3,075
-1,412
15,595
589
-267
-25 ,393
459
196,896
362
-1 ,304
470
621
-764
188
-438
-287
-485
-95
-42
682
3,550
812
46
8
-21
-294
3,084
-59
955
2,382
-464
2,536
-178
-14
-14
660
2,142
268
-341
1,128
-1 ,236
-1 ,208
-103
-9
29
-203
3,435
-19
40
-286
46
-13,870
-6
2,233
-43
1,272
463
119
225
1,321
16
-329
2,746
153
41
-6,858
-4,185
-22,344
-14,018
8,444
-398
-4,396
-6
-19,294
36
290
4
335
-112
18
-1
-25,651
113
10
-5
-964
-204
1,765
420
464
3,703
-486
1,394
141
-90
-6,648
-2
17
-36,273
-4
-1,051
-25,874
6
-877
-47
-43,568
-30,976
-8,606
8,595
173,497
252,121
113,152
166,037
-127,655
15,004
-6,281
-21,878
32,866
5,132
31,014
5,395
9,859
736
596
11,228
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-641
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
2/
11,962
-124
-522
5,238
1,063
120
-1,238
2,566
361
-184
-6,029
2,461
3,007
435
-62
212
170
281
696
504
730
124
-169
-24
92
-473
-90
2,249
1,097
-136
-777
-1,300
897
546
107
106
-226
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/ %/
742
355
5,430
9,824
378
-1,163
8,806
2,660
3,881
-1,290
-21,587
3,017
-789
347
-1,055
1,160
-5
10,517
-1 ,750
531
-2,410
1,640
804
30
-224
16
3
534
-7
648
112
-9
1
-129
-12
611
-35
11
36
9
-30
22
58
37
715
-4
8
-88
10
-10
-216
-732
10,915
-95
244
1,361
-2,037
1,058
34
39
-108
43
20
-165
-54
85
-278
353
-171
-225
56
-118
-50
-23,249
65
77
738
515
103
-5
-71
147
3,345
,227
114
-89
-131
6,282
Total Asia.
12,352
43,254
-18,279
58
12
-52
Grand total
1/
2/
2/
341
2
-92
37,684
28
113
-81
-69
34
689
-127
154
4,921
Total international and
regional
-153
16
172
8,317
87
-40
105
504
9
181
-1,285
100
4,202
International and regional:
International
European regional
Latin American regional..
650
204
146
-543
-13
-4
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2,369
501
Asia:
Total other countries %/
-1,018
490
-21,293
Total Africa.
145
-3
1
60
5,870
44,409
Other countries:
Australia
All other 4/
-376
8,639
18,064
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
-1
-286
-674
-1 ,680
y
1,594
-1,715
Africa:
Congo (Leopoldville)
-3
11,023
-175
448
-826
336
269
-5,372
-316
y
y
Total Latin America
4
629
-945
84
-104
145
108
552
-505
163
9,374
2,224
472
615
-45
396
-368
41
-105
-141
-25
y
64
U
46
-241
13
-113
-8,022
166
10,897
569
-9,679
6
-3
81
-1,586
-44
2,117
-450
-253
14
2
-94
191
-4
44
19
3
18
10
19
-13
101
42
-20
-123
39
48O
-44
y
V
V
709
-191
64
27
213
-61
V
y
V
V
y
797
1,826
636
-533
223
-107
-332
298
-93
-40
19
-351
-198
304
800
-84
-36
311
-34
-133
-65
-387
113
2,341
461
1,242
595
768
y
y
1,680
2,726
203
982
2,424
2,082
4,481
5,959
-115
-3
-177
-39
2,424
2,082
4,481
5,844
2,341
461
22
1,242
595
201,736
322,714
111,130
197,549
-88,730
21 ,236
3,700
-25,572
-51,107
Through April 1963, includes Czecholovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for other
Latin American republics included with "Other Latin America."
Through 1963, Bahamas and Bermuda are included with "Other Latin America.
339
-82
Canada
61
-11
-3
-18,854
Total Europe
-832
597
29
-47
-893
-24
207
-248
-45,790
-4,182
-101,552
p
1,216
493
-50
837
5,510
-993
7,056
May
-7
354
-2,734
-782
-3
3
3
194
1,055
-58
347
-99
126
-185
3,325
15,493
-2,166
April p
February
-17,255
94
July
1964
95
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 8. - Net Transactions in Foreign Stocks 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
96
CAPITAL MOVMENTS
Table 9.
-
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
July
1964
8
Treasury Bulletin
98
CAPITAL MOVEMENTS
.
Section III - Preliminary Details by Countries
Table 2.- Short-Tern Banking Claims on Foreigners as of May 31, 1964
1/
(Position in thousands of dollars)
Short-term claims payable in foreign currencies
Short-term claims payable in dollars
Loans to:
Country
Total
shortterm
claims
Foreign
banks and
official
institutions
Total
Collections
outstanding
for own
account and
domestic
customers
Other
Acceptances
made for
account
of
foreign-
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Total
ers
Foreign
government
obligations
and commercial and
finance
paper
Europe;
Austria
Belgium.
Denmark
.
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe..........
U.S.S.R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)..
Other Africa
8,523
30,178
15,401
63,362
91,922
157,912
9,316
90,244
38,400
34,626
15,341
29,578
28,845
76,208
22,683
249,809
23,893
23,867
8,301
2^,787
13,673
63,185
73,317
138,146
9,225
80,994
29,985
33,144
15,188
28,972
26,261
61,040
22,682
121,192
23,888
23,453
87
80
2,923
3,677
1,771
1,512
10,248
33,502
259
30,973
4,351
5,307
5,113
4,326
1,571
17,964
19,546
39,330
17,177
1,295
1,245
5,921
2,532
1,257
26,125
49,665
422
12,942
3,348
5,629
3,329
8,296
6,169
23,317
815
22,179
34
14,013
3,309
12,636
4,695
2,629
24,672
32,336
8,499
25,812
20,702
2,627
3,067
11,749
5,164
11,944
2,321
23,426
107
3,503
Total other countries
Total international and
regional
Grand total
1/
1
128,617
110,282
383
5
5
414
2,234
4,675
56,768
8,476
22,082
1,019
3,796
29
6,978
1,523
17,520
2,452
3,844
13,232
6,845
6,869
6,187
4,642
561
16
4,289
61
216
5,356
1,185
173
18,237
14,458
89
8,949
7,843
1,477
125
536
2,580
10,191
2,110
16,767
16,670
4,923
116
224
10,192
1,215
97
364
7
97
1,026,962
814,183
205,768
187,354
199,502
173,455
48,104
212,779
182,171
2,112
739,314
406,493
33,138
134,626
9,425
35,594
193,710
332,821
105,617
21 ',600
175,029
140,892
185,973
230,495
16,620
509,115
U, 316
113,360
50,806
124,925
144,250
35,267
142,855
111,599
170,846
230,405
16,593
486,852
41,306
113,291
50,402
123,500
143,950
35,158
13,646
26,573
30,819
32,136
26, 557
49,322
946
84,961
110,356
980
32,174
29,293
15,127
90
32,121
28,903
14,850
312
27
198,026
9,252
10,754
12,588
23,334
11,395
5,521
124,924
14,189
23,269
5,377
18,967
24,087
22,406
52,350
28,234
30,416
26,605
16,493
36,653
9,215
40,642
6,491
49,326
66,860
1,042
13,483
11,940
13,469
11,818
767
9,752
744
1,793,471
1,692,044
374, 81
1,501
13,463
23,141
205
38,070
2,397,602
28,238
154,502
7,377
54,000
83,536
1,496
13,377
22,443
205
37,917
2,338,272
23,238
154,307
7,377
53,975
82,930
1,495
4,369
6,828
130
12,713
489, 744
10,413
79,751
2,886
11,370
27,356
2.801.635
2.740.537
835
1,669
17,811
28,615
49,243
834
1,669
16,976
28,613
48,881
55,301
22,817
59,989
100
7
545
1,833
1,319
21
22,263
19
3,837
8,435
36,126
24,103
31,827
18,666
215
2,500
1,843
46
10
69
52
1
404
1,425
4
1,198
400
41,524
2,226
84
300
109
6
250
3,963
77
2,943
8,303
660
2,104
14
122
14
114
408,479
375,573
499,069
34,105
101,427
81,216
5
5
816
689
11
7,733
79,813
2,698
6,437
803
102
86
698
51
697
11,269
1,508,882
8,027
40,278
2,529
33,588
6,968
302
52,724
153
59,330
58,948
3,721
195
194
2,342
5,969
4,691
8,387
64
5,900
207,109
9,798
11,887
1,414
6,141
39,911
534
25
2,726
606
25
603
647.055
116.583
295,303
1.620.676
kv;>2o
61,093
60,523
284
177
390
9,968
18,866
65
923
15,970
1,831
63
2,071
118
835
13,654
485
1,474
14,204
604
14,412
29,685
15.122
31.179
"735
7
98,173
International and regional:
International
.
European regional
Latin American regional
1
29,388
2
319
80
108, 583
7
1
18,670
540
7
1,396
Total Africa
Other countries:
Australia
All other
2,061
1,227
757
125
970
222
5,391
1,728
177
18,605
19,766
91
9,250
8,415
1,482
153
606
2,584
15,168
822
8
1
675
2
2
362
240
2,252
1,200
917
8,437
296
4,723
283
34,285
8,517
1,866
126
4,374
1,641
16,551
6,026
11,208
216
51,535
42.802
1,992
6,015
22,577
11,424
794
8,733
5,006
315
626
315
626
315
625
868,179
933,560
2,358,953
339,885
718,058
435,450
940
1,293,396
Excludes convertible foreign currencies held by U.
S.
monetary authorities.
150
11
286
508
941
1,510
150
42,722
8,813
5,793,973
547
220,372
Juh)
1964
Treasury Bulletin
100
CAPITAL MOVEMENTS
Section III
Table 4.-
-
Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During May 1964
(In thousands of dollars)
1/
July
1964
101
CAPITAL MOVMPNTS
Table 4.
-
Section IV - Supplementary Data by Countries
Short-Term Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately!/
(Position at end of period in thousands of dollars)
December
Country
I960
"Other Western Europe"
Cyprus
Gibraltar
Iceland
Ireland, Republic of.
Luxembourg
Monaco
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 2/
Estonia
Hungary
Latvia
Lithuania
Poland 2/
Rumania 2/
Soviet Zone of Germany
Pakistan
Ryukyu Islands (including Okinawa)...
Saudi Arabia
Syria
Viet-Nam
"Other Africa"
Algeria
Ethiopia (including Eritrea).
French Somaliland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mauritania
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Rhodesia and Nyasaland
Sudan
Tunisia
"Other countries"
New Caledonia. ..
New Zealand
1/
944
945
5,165
4,740
8,913
2,033
722
1,657
6,974
10,696
7,361
2,687
1,063
695
4,700
5,990
8,598
2,448
243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236r
149
1,121
981
657
617
728
5,632
2,906
10,830
1,729
177
466
1,042
1,774
966
178
1,170
851
1,638
1,029
504
318
7,205
1,507
1,268
275
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
323
441
1,154
1,331
1,343
392
520
9,860
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
21,208
32,768
47,368
37,750
74,757
11,937
23,691
5,817
11,928
4,561
24,270
3/
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
2/
6,843
48,589
4,089
32,567
29,127
58,037
53, 449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,286
11,294 2/
14,042 2/
399
533
9,043
1,044
22,585
1,285
ll,665r
1,310
,340
,788
515
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
14,599
24,871
2,558
7,906
2,757
5,288
1,415
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
28,384
4,894
10,057
2,881
13,261
1,689
8,855
10,184
9,647
48
49,445
11,121
1,650
38,179
12,842
77,934
18,944
2,404
15,868
32,672
37,123
3,403
11,621
3,563
4,995
1,397
9,865
6,931
3,101
472
23,505
19,849
2,792
46,539
8,818
76,320
24,104
2,059
17,341
21,722
61,710
2,111
12,127
504
11,061
776
1,063
1,258
389
1,607
17,045
758
4,068
468
20,766
1,271
10,796
903
22,275
1,740
6,433
853
936
2,109
22,009
14,084
2/
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 2/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
December
1963
1,242
3,148
3,240
16,111
3,411
23,129
19,804
36,884
27,338
43,937
10,673
15,032
,
April
1963
537
6,088
1,084
1,295
"Other Latin America"
British West Indies
French West Indies and French Guiana.
1962
462
5,076
2,728
12,574
4,144
540
574
"Other Latin American Republics"
Bolivia 2/
.
Costa Rica
Dominican Republic 2/
Ecuador
Guatemala 2/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 2/
Trinidad and Tobago
1961
933
,869
,919
,359
,439
,772
,839
,588
,963
,211
,149
,157
,593
,24:
,403
,155
589
422
9,292
891
923
52
616
n.a.
16,763
5,590
246
n.a.
540
591
1,234
2,191
793
332
3,538
3,949
1,878
2,843
6,774
2,432
10,881
1,420
35,081
1,407
3,967
4,685
571
32
2/
i/
.a.
r
42, 548
1,360
n.a.
17,619
5,496
639
21,048
2,510
26,796
656
21,864
5,421
326
440
1,550
21,772
419
1,662
6,469
1,990
1,216
Through 1962, except as noted, data are based on reports from banks in
the Second (New York) Federal Reserve District only, and include funds
held in an account with the U. S. Treasury; 1963 data are as reported
by banks in all Federal Reserve Districts. They represent a partial
breakdown of the amounts shown for the corresponding dates for the
"Other" categories in the regular monthly series in the "Treasury Bulletin."
1,444
1,667
n.a.
13,433
10,503
307
246
1,117
24,492
1,598
642
7,464
2,377
11,600
1,512
8,805
561
11
April
1964
n.a.
1,713
400
377
10,560
n.a.
1,633
35,050
35,909
40,649
62,082
63,198
17,312
26,292
4,098
52,255
8,396
57,781
2,557
9,865
643
n.a.
4,178
1,592
n.a.
2,130
3,664
52
33,361
n.a.
2,737
49,921
6,533
108,063
24,336
n.a.
16,076
31,588
150,950
5,742
17,914
992
32,143
n.a.
6,323
376
n.a.
914
17,844
14,893
423
29
4,374
2,492
975
1,378
n.a.
2,975
824
4,501
2,018
798
1,362
10,475
18,824
1,361
17,811
2,450
840
n.a.
Reported by banks in all Federal Reserve Districts.
Data for Jamaica (I960) and Trinidad and Tobago (1960-61) Included
with British West Indies,
Not available,
Revised.
Treasury Bulletin
102
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHOUT PURCHASE WITH DOLLARS.
Foreign currencies reported herein In United States
1953.
Into Treasury custody, and the flow of future collec-
dollar equivalents were acquired without purchase with
tions through Treasury accounts; and established require-
In connection with foreign
ments with respect to withdrawals from Treasury accounts;
assistance and agricultural trade development programs
authorized by various provisions of law. The currencies
are held In the custody of the Treasury Department until
limitations on purchases and amounts of holdings; the use
dollars,
for the most part
of foreign depositaries; and accounting for the currencies.
such time as they are either sold for dollars to Govern-
Department Circular No. 930 as revised October 20, 1961,
added certain requirements governing foreign currency re-
ment agencies or transferred to Government agencies for
porting and accounting.
expenditure without charge to appropriations, as specifically authorized by law.
1953, foreign currencies acquired
by Government agencies without payment of dollars generally
Prior to July
Figures are stated In dollar equivalents, computed
for reporting purposes,
1,
were available to the collecting agencies to defray operat-
to provide a common denominator
for the currencies of the many foreign countries Involved.
It should not be assumed that dollars,
In amounts equal to
ing expenses and were not subject to the regular appropria-
are actually available for the general use
of the United States Government, since most of the cur-
tion processes.
rencies are Inconvertible and restricted as to uses by the
The act of July 15, 1952, Sec. l"+15 (66 Stat. 662),
provided that after June JO, 1953. United States agencies
terms of agreements between the United States and the for-
the balances,
eign governments.
could no longer expend foreign currencies belonging to the
The tables exclude the counterpart funds owned by and
United States except as provided annually In appropriation
held In accounts of the foreign governments.
acts. Subsequent legislation required executive departments
such funds Is subject to approval of the United States,
and agencies, with certain exceptions,
to reimburse the
Treasury In dollars for the foreign currencies used.
Ex-
ecutive Orders No. 1C48S dated September 23, 1953, and
No. IO900 dated January 5, 1961, as amended, provided for
the Issuance of regulations by the Seoretary of the Treas
-
for International Development.
The tables also exclude
the United States purchases of foreign currencies which
are under dollar accountability and reported as dollar
transactions.
Detailed data, by account, agency, program, foreign
country, units of currency, and related dollar equivalents,
Accordingly, Treasury Department Circular No. 93° waB
Issued on October 19, 1953, effective December 1, 1953.
These regulations provided for the transfer of department
and agency foreign currency balances as of November
and
transactions therein are Included In reports of the Agency
ury governing the purchase, custody, transfer, or sale of
foreign exchange by the United States.
The use of
~}0,
are published annually In the Combined Statement of Receipts, Expenditures and Balances, beginning with fleoal
195«.
July
1964
103
FOREIGN CURRENCIES ACQUIRED BY THE UNITED STATES WITHOUT PURCHASE WITH DOLLARS.
Table 1.- Tranpactionp and Balance? In Trearury Account?
(Stated in millions of dollar equivalent)
Treasury Bulletin
104
\
.CUMULATIVE TABLE OF CONTENTS.
August 1963 through July 1964
Issue and page number
1964
1963
Aug.
Reporting bases
Articles:
Treasury financing operations
Summaries:
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures
II
II
II
II
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
A-l
Consolidated casti t.r. inoact..ions [formerly --qsh i^-onie qnd ou'.^o;:
Summary of Federal Government cash transactions with the public...
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 Treasurer' 3 account
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
May
June
II
II
II
II
II
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
Administrative budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1963.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government- sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market ( net)
Interfund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement' Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date March 31, 1964)
Apr.
Feb.
Sept.
2
3
4
5
6
7
8
10
10
10
12
12
10
10
11
11
12
12
11
13
12
14
11
12
12
13
13
14
14
13
15
13
14
15
15
16
14
15
16
17
14
15
In
16
17
18
18
19
11
11
10
10
12
13
12
13
12
14
13
14
15
15
15
9
9
11
11
10
11
14
12
15
13
10
10
11
11
11
12
12
13
10
13
L4
15
16
16
17
18
11
16
19
16
17
17
18
19
20
[
Account of the Treasurer of the United States:
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Summary of cash transactions through the Account of the Treasurer
of the United States
Debt outstandiniill
Summary 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 public debt issues to U. S. Government investment accounts..
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
Statutory debt limitation
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities ( nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
20
16
14
19
16
16
17
17
'21
18
16
22
18
22
19
17
23
19
21
17
15
20
22
18
16
21
18
18
25
23
24
21
19
20
19
17
18
24
22
23
21
19
20
21
19
20
24
25
22
23
27
28
24
25
24
25
23
20
18
29
24
21
19
24
25
20
21
27
23
21
26
23
23
25
22
20
26
22
30
30
31
26
26
27
24
24
25
29
29
30
26
26
26
26
27
26
26
23
23
24
21
21
22
27
27
23
23
28
24
31
32
27
25
26
33
27
29
27
28
29
24
25
26
22
29
30
31
32
27
28
23
24
28
29
30
24
25
26
34
30
28
33
30
30
30
25
31
27
35
31
29
34
31
31
31
28
26
32
28
36
38
40
32
34
36
30
35
32
34
36
34
36
29
31
33
27
29
31
33
35
37
29
37
39
32
34
36
32
32
34
44
40
38
44
43
49
40
46
40
46
40
46
37
37
43
35
41
u
46
47
43
50
48
46
51
48
48
48
45
43
49
45
53
51
49
54
51
52
52
49
47
53
49
58
59
59
56
54
61
57
60
62
62
59
57
64
60
28
59
58
56
61
61
60
58
63
(Continued on following page)
27
28
1
27
27
28
29
31
33
July
1964
OTJMTJTlATTVI
Treas.
HJ
U.S. Treasury Dept.
10
Treasury Bulletin
.A2
1964
c.2
wmmtm*
«Hife mm
Hub
"
m:: •,',"'.(.„•
tM,:')fig|^fflL
•'."!t,:;!'.v!.;iV''
!::''
,,
i!
aaeffi
•SrtWlKAJi
8*
^^m
Wife
it'Kw5{^i^v'Srt^!ihwH^l^ajffi
mm
AiacWiiics'ftS'SB
,'.':'
t'.'-
1
''(")!'
'
1
'
@FedFRASER