Full text of Treasury Bulletin : July 1965
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The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington D.C. 20402
Subscription per year $8,50 domestic, $11.00 foreign
Single copy price varies
July
1965
5i ri^
Table of Contents
Page
Treasury financing operations
A-1
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
59
Ownership of Federal securities
63
Treasury survey of ovmership of Federal
securities
65
Market quotations on Treasury securities
69
Average yields of long-term bonds
72
Monetary statistics
74
Exchange Stabilization Fund
77
International financial statistics
79
Capital movements
83
Cumulative table of contents
106
390
"
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
Certain mone-
tary statistics are based at least in part on the "Circula-
Where these state-
tion Statement of United States Money,"
ments are given as sources for individual tables, they are
cited by name only.
Their respective reporting bases are
described below. For other data in the Bulletin, information on sources or reporting bases is given in connection
with the tables themselves.
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 interfund transactions which are
Included in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
minor amounts of certain other payments made by Government
agencies to the Treasury.
This reporting change was made in
accordance with the plan stated in the President's Budget
The monthly statement of receipts and expenditures
was first published for February 133^,
and replaced the
Message of January 12, 1960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
ury Bulletin were revised to the new reporting basis in the
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earninge.
and withdrawals affecting the account of the Treasurer of
the United States.
Both piblications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953>
195''-.
m
The announcement of February 17,
with respect to these reporting changes may be found
the April 195I; 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 compiled 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 agenolee
during the reporting period.
as.
The net of the transactions
compiled from these reports is reconciled In the monthly
The interfund transactions deducted
September 196O issue.
under this procedure do not Include payments to the Treas-
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
19''^,
were revised accordingly at that time.
The daily statement on the new basis was first issued
for February 17,
shown,
195''''
In
'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's 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-
counts to the total of checks paid.
Except for relatively
statement to changes in the balance in the Treasurer's account and in cash held outside the Treasurer's account and
minor amounts, noncash interfund and other Intragovernmental
changes in the public debt outstanding.
dally statement also are on a "clearance" basis, with the
transactions are excluded.
The public debt figures in the
collections basis.
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
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, 195''^. covered
not only transactions cleared through the Treasurer's ac-
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially
I
by disbursing officers.
Transactions of an Interfund or
intragovernmental 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
*
.
j
Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government."
(
Noncash debt transactions are included, however.
count but also certain Government agency transactions which
were handled through commercial bank accounts,
and Included
noncash interfund and other Intragovernmental transactions.
It provided information similar to that in the present dally
statement with respect to the status of the Treasurer's accoimt, and similar to that in the present end-of -month dally
statement with respect to debt Issuance, retirement,
and
in the monthly statement provides the fiscal year figures
amount outstanding.
for the Treasury's "Combined Statement of Receipts, Expend-
classified by type of account, and the budget results shown
Receipts and expenditures, however, were
,
I
'
July
1965
III
Reporting Bases
-
(Continued)
In the dally statemeni; were used as the basis for reflecting
dled through commercial bank accounts, consisting of market
budget program as enacted
transactions In public debt and guaranteed securities, were
the results under the President
'
s
by the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
Treasurer's account were reported on two successive
bases. Through 19'+6 they were on the basis of checks paid
by the Treasurer of the United States. Beginning with 19'*-7.
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
of the Department of Defense and Its predecessor organizations, were on the basis of checks paid.
Note:
Transactions han-
Interest on the public debt
as reported by the agencies.
was Included on a due and payable basis beginning with
November ig't-S and on a checks-paid basis prior to that time.
The circulation statement reflects transactions' through
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency In the money
supply of the country.
It Is issued later than the dally
statement, however, and the figures are based on transac-
tions 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
1965
k~i
Treasury Financing Operations
One-Year Bills
Tenders were invited on June 17, for the auction on
June 24, for $1.0 billion, or thereabouts, of 365-day Treasury-
bills carry 91-day and l82-day maturities
Tenders totaling $2,191 million were received,
of which $1,001 million was accepted, including $48 million
of noncompetitive tenders, at the average bank discount rate
of 3.807 percent.
Noncompetitive tenders for $200,000 or less
(without stated price) from any one bidder were accepted in
full at the average price of accepted competitive bids.
The new one-year bills are dated June 30, 1965 and will
mature June 30, 1966, when the face amount will be payable
without interest.
Issued in bearer form only, the bills are
in denominations of $1,000, $5,000, $10,000, $50,000, $100,000,
$500,000 and $1,000,000 (maturity value).
Banking institutions generally could submit tenders for
account of customers provided the names of the customers were
set forth in such tenders
.
Others than banking institutions
could submit tenders only for their own account.
Tenders
were received without deposit from incorporated banks and
trust companies and from responsible and recognized dealers
in investment securities.
companied by payment of
2
Tenders from others had to be ac-
percent of the face amount of the
bills applied for, unless the tenders were
accompanied by
an express guaranty of payment by an incorporated bank or
trust company.
Payment for accepted tenders was required to be made or
completed on June 30, 1965, in cash or other immediately
available funds or in a like face amount of bills maturing
on that date.
Payment by credit in Treasury tax and loan
accounts was not permitted.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in June totaled
$8.8 billion, refunding an equivalent amount maturing.
The
June bills consisted of four 13-week issues of $1.2 billion
each and four 26-week issues of $1.0 billion each.
The new
Average rates of
discount for the new issues are shown in the table following.
bills, for cash and in exchange for Treasury bills maturing
June 30, 1965.
.
13 -week
(Additional amount of bills of
original maturity of 26 weeks)
July
1965
SWMARY
OF FEDERAL .FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
Net of
trust
and other
Surplus,
transor
actions
deficit
1/
Net
increase
Clearing
account,
etc. 2/
debt, or
decrease
(-)
(-)
Fiscal years:
1950
1951
1952
1953
195i
1955
1956
1957
1958
1959
I960
1961
1962..,
1963
196i
1965p
in
public
Levels, end of period
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
Debt outstanding
Treasurer'
account
balance
322,500
322,151
24
256,731
259,451
267,445
273,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
256,026
258,794
266,821
274,571
278,256
280,348
276,276
274,564
282,507
290,513
289,971
296,061
303,616
309,724
318,464
306,635
306,442
308,215
309,347
547
674
693
705
718
742
305,482
307,209
307,328
307,147
308,933
310,039
305,115
306,342
306,962
306,731
308,567
309,724
4,254
6,795
8,656
5,085
8,300
11,036
308,577
310,357
309,590
307,601
311,532
311,713
752
793
818
802
805
813
309,339
311,150
310,403
308,402
312,337
312,526
308,975
310,786
310,045
308,040
311,975
312,164
-4,498
2,412
-809
6,150
6,789
10,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
317,940
821
348
885
321
834
809
312,004
314,938
316,496
316,456
319,320
318,750
311,643
314,577
316,135
316,096
319,034
313,464
42
1,900
-2,186
-1,550
2,197
1,289
5,745
7,942
9,231
317,983
319,883
317,697
664
693
719
318,646
320,575
313,416
318,361
320,290
318,131
-1,140
2,661
105
1,480
1,795
9,336
10,816
12,610
316,557
319,218
317,274
657
605
317,213
319,323
317,864
316,929
319,540
317,581
4,232
4,295
6,064
4,577
256,708
259,419
267,391
275,168
278,750
280,769
275,628
274,898
282,922
290,798
290,217
295,169
303,470
309,347
317,940
741
439
-951
1966 (Est.)..
94 400
99,687
-5,287
456
-861
5,693
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78,157
84,709
87,516
88,696
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
91,907
94,188
96,945
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
311
815
-41
101
739
-259
267
87
-447
62
1,770
-1,488
603
-635
-117
592
1,092
-691
-423
2,711
7,973
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
3,547
7,290
10,095
3,400
7,131
8,803
7,863
8,305
7,815
8,776
7,784
8,289
-1,025
1,700
-5,118
-152
2,938
-5,273
6,998
6,846
9,783
4,510
760
2,105
5,270
7,375
8,492
7,521
7,871
7,930
7,511
June
5,853
8,047
10,148
6,609
6,136
12,401
9,527
355
-770
1,780
-767
-1,989
3,931
181
-3,111
2,531
1,861
-2,571
2,215
2,735
July
Aug
Sept
Oct
Nov
Dec
3,487
6,653
10,072
3,398
7,037
8,856
-393
-903
387
-530
2,906
1,520
-4,886
41
26
2,351
-546
-698
234
729
168
151
-106
-319
-209
-34
376
-21
224
109
-237
154
204
183
493
-576
-4,316
-1,015
2,279
-5,377
-652
514
192
-7
155
93
135
76
-830
402
204
-495
383
-2,639
526
2,277
-1,322
-1,375
2,874
-130
607
-436
-kPk
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-15
-40
66
-130
366
171
86
-188
5,642
7,518
11,188
7,676
7,146
8,139
-2,033
372
3,049
64
193
146
8,549
7,268
13,377
8,268
8,116
9,081
280
972
-577
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
23
256,652
254,557
258,507
255,522
590
322,096
551
4,587
-2,135
3,883
5,966
5,189
3,115
-1,623
-2,224
5,815
8,363
1,625
2,640
9,230
7,659
5,853
5,561
448
196
Subject to
limitation
2/
404
9,000
483
-214
-401
-250
-303
284
522
-523
507
Total
Federal
securitie
273,915
272,361
270,183
275,013
234,398
286,065
238,862
298,212
306,099
312,164
317,581
287
671
,420
,209
850
562
,550
915
,763
,659
409
,376
,459
93 ,044
99
679
147
435
328
231
-194
195
633
-329
-50
-602
436
97
-6
-145
Guaranteed
securities
257,377
255,251
259,151
266,123
271,341
274,413
272,825
270,634
276,444
284,817
286,471
289,211
298,645
306,466
312,526
317,854
257,357
255,222
259,105
256,071
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,526
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-8,226
-3,474
530
debt
5,517
7,357
6,969
4,670
6,766
6,216
6,545
5,590
9,749
5,350
8,005
6,694
10,430
12,115
11,036
12,610
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
97,684
96,518
422
,480
Public
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
179
355
622
828
83
1,015
-134
5,180
4,545
4,427
4,505
4,961
5,583
6,411
6,494
7,509
7,375
7,295
271 , 260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,850
311,713
317,274
20
29
46
52
81
U
74
107
101
111
140
240
444
607
813
42
54
76
34
53
103
104
109
127
155
330
518
742
275,
2U
270 790
,
Months:
1963-July
Aug
Sept
Oct
Nov
Dec
1964- Jan
Feb
Mar
Apr
May."
1965-Jan
Feb
Mar
Apr
May
June
p.
Source:
1/
2/
•
•
-848
4,296
581
-41
-605
31
428
-357
392
133
95
-595
-151
377
-268
279
-8
244
47
100
-193
1,773
1,132
-1,9U
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
effect of proposed legislation, are from the 1966 Budget document
released January 25, 19651. More details for data on this page are
shown in succeeding tables.
Excess of' receipts, or expenditures (-). For detail, see pages10-14.
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June and
the fiscal year 1955 (previously included from November 1949 as interest
checks and coupons outstanding); also deposits in transit and changes in
cash held outside the Treasury and in certain other accounts beginning
.
y
540
3,400
304,835
306, 535
3 18,'485
590
with the fiscal year 1954. Net increase, or decrease (-).
For current month detail and list of acts, see section -in "Statutory
The limltatiins in
Debt Limitation" in each issue -if the Bulletin.
effect during the periods covered by this table and the date when each
$275 billion on June 25, 1946; $281
became effective are as follows:
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
-^n 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, I960; $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;$324 billion on
June 29, 1964; and $328 billion on July 1, 1965.
p Preliminary.
. ..
.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table !•- Receipts by Principal Sources
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
Corporation
Withheld
1/
Not
withheld
1/
For old-age
Total and
income disability
taxes insurance
1/2/
Estate
For railroad retirement
2/
For unemployment
insurance
4/
Total
employment
taxes
and
gift
taxes
Excise
taxes
1/
948
1,123
94,401
99,441
105,925
112,260
114,429
1,008
1,171
1,241
1,284
1,478
4,082
3,206
4,436
4,077
4,599
99,491
133,818
111,602
117,622
120,505
13,956
117,824
1,532
4,731
124,087
219
219
166
1,234
1,284
1,203
4,272
9,227
11,392
120
112
122
739
323
252
5,131
9,662
11,766
205
1,176
1,244
1,257
3,855
8,419
9,580
126
124
125
294
429
320
4,275
8,972
10,025
6,329
11,329
14,517
11,423
11,582
15,495
12,302
11,528
11,733
13,271
26,728
27,041
29,001
31,675
60,560
59,102
58,826
67,125
6,634
7,733
8,004
10,211
616
575
525
607
330
336
324
341
7,581
8,644
8,854
11,159
1,378
1,411
1,353
1,626
10,638
10 814
10,760
11,865
1961
1962
1963
21,765
21,296
22,336
2i,301
26,130
13,175
14,269
15,331
16,820
32,978
36,246
38,719
39,259
36,830
67,918
71,945
75,324
78,891
571
564
572
594
79,781
11,586
11,686
13,484
15,558
15,846
636
345
458
948
851
623
12,502
12,708
15,004
17,003
17,105
1,916
2,035
2,187
2,416
2,744
12,064
12,752
13,410
13,950
14,798
28,/iOO
14,900
38,400
81,700
17,661 7/
711
571
18,943
3,225
2
624
2,333
1,148
479
1,491
779
168
192
1965 p
1966 (.Est.)
377
159 &/
2,255
1,172
4,809 8/
2,669
2,195
5,386
8,874
606
2,250 S/
1,090
16
86
2
Sept..
646
419
3,950
57
1
Oct...
Nov,
572
264
112 8/
430
1,158
4,956 8/
2,969
1,995
5,516
7,351
466
1,408 8/
723
11
82
1
U9
55
1
1,181
4,294
5,302
6,647
3,207 S/ 10 894
292
2,216
12
94
91
57
503
1,091
1,291
2,762
1,348 8/
15
4
96
3
3
1964-July.
Aug.
.
.
Dec.
Mar
.
3,953
.
1965-Jan.
Feb
607
473
.
.
.
Apr
May
June p
.
.
.
. .
2,506
872
6,759
928 8/
1,187
5,852
696
2,369 8/
520
6,596
Less:
Fiscal year
or month
,
8,130
5,371
6,587
2,946 8/ 11,910
Refunds of receipts ^/
Internal revenue
applicable to
Customs
Budget
accounts
1,395 S/
Trustl£/
accounts
1
7
57
Less:
Total
refunds
Ifl/
Federal OldAge and Survivors Insurance Trust
Fund 10/ 11/
,
754
800
399
2,810
1,459
183
213
308
1,045
1,214
1,303
5,921
10,885
13,963
76
106
155
332
338
398
1,311
2,861
1,407
370
283
217
1,150
1,325
1,363
10,962
11,057
14,897
139
128
145
322
398
454
Transfers of tax receipts to
Federal
Disability
Insurance
Trust Fund
12/
W
80,172 6/
79,978 6/
79,798 6/
91,775
83,675
83,974
83,904
96,962
21,531
20,533
18,092
22,179
196ui
Total
internal
revenue
Railroad
Retirement
Account
13/
Total
budget
receipts
2,749
3,196
3,158
4,064
1957
1958
1959
I960
U,403
Miscellaneous
receipts
Unemploy-
1965
July
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(
Dividends
and other
earnings
Fiscal year
or month
Realization upon
loans and
investments
In millions of dollars)
Recoveries and
refunds
Royalties
Sale of
Government
property
Sale of
products
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Fines,
Rents
penalties
and forfeitures
Other
1/
etc.
1957
1958
1959
I960
2,749
3,196
3,158
628
745
4,064
967
438
674
506
1,111
1961
1962
1963
1964
1965p
4,082
3,206
4,436
4,077
4,599
942
877
765
955
1,068
805
743
860
984
1,397
,012
371
,076
752
1966 (Est.)
4,731
921
1,577
1964- July,
Aug.
Sept..
739
323
252
493
85
12
Oct...
294
429
10
.
18
,
320
83
332
338
398
97
41
9
142
136
322
398
20
103
148
146
454
96
152
.
Nov,
Dec.
1965-Jan.
Feb
.
Mar ...
Apr.
.
May
June p.
.
.
.
601
266
322
343
114
90
93
96
498
182
154
200
130
135
114
121
124
131
77
310
135
156
92
93
104
35
29
18
11
5
-20
22
20
96
93
96
34
118
3
11
328
328
587
436
337
345
325
392
312
304
350
374
49
49
59
53
44
54
57
343
263
263
331
55
58
416
330
342
370
409
482
45
69
113
497
363
112
137
29
61
3
5
10
32
36
25
28
11
11
43
38
36
28
51
41
33
30
10
79
2
37
12
30
6
12
-14
106
20
13
54
10
8
12
10
20
13
48
-7
Source: Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on the
monthly statement reporting basis (see page II); and from the monthly
statement of receipts and expenditures thereafter. Estimates, including effect of proposed legislation, are from the 1966 Budget
Footnotes to Table
6/
2/
8/
10/
11/
12/
Includes small amounts for taxes not classified.
Includes $600 million for hospital insurance for the aged.
Includes adjustments as follows:
Income taxes not withheld, August
-^A million, November -$5 million, March -$2 million and June +$86 million; income taxes withheld, August -$78 million, November +$27 million,
March +$157 million and June -$7 million; transfers to Federal Old-Age
and Survivors Insurance Trust Fund, August +$80 million, November -$24
million, March -$150 million and June -$74 million; and transfers to
Federal Disability Insurance Trust Fund, August +$2 million, November
+$2 million, March -$4- million and June -$5 million.
See also footnote 11.
Interest on refunds is Included in expenditures in Table 3.
The principal amounts for refunds of employment taxes and certain
excise taxes (highway) are excluded from the transfers of tax receipts
shown herein, and are included with refunds of internal revenue
receipts, applicable to trust accounts.
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to amounts of taxee collected and deposited
for old-age insurance.
Amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age insurance tax
receipts made by the Secretary of the Treasury (42 U.S.C. 401 (a)), and
are adjusted in later transfers on the basis of wage and self-en^loyment
income records maintained in the Social Security Administration,
The Federal Disability Insurance Trust Fund was established by the Social
Security Act Amendments of 1956, approved August 1, 1956 (42 U.S.C. 401
(b)).
The act appropriated to the trust fund amounts equivalent to
specified percentages of the wages and self-employment income, respectively, which are taxed for old-age insurance, and provided that the
amounts appropriated should be transferred from time to time to the
trust fund on the same basis as transfers to the Federal Old-Age and
Survivors Insurance Trust Fund.
Rates of tax were increased by the
percentages appropriated to the Federal Disability Insurance Trust
Fund, the increase being applicable to wages paid and taxable years
beginning after December 31, 1956.
1/
p
1
30
59
35
31
25
31
24
43
33
75
53
160
161
133
111
28
86
93
325
20
62
101
100
101
110
70
118
77
81
6
23
23
5
16
12
94
14
89
11
79
48
129
437
74
104
11
13
6
7
86
16
154
349
12
7
8
6
6
1
5
5
1
7
7
3
1
4
15
24
1
9
3
25
74
-7
1
18
15
2
-24
11
10
1
13
11
1
9
9
13
12
14
9
17
4
14
1
-19
-12
1
14
1
document, released January 25, 1965,
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U. S. ports), bullion charges, gifts and contributions,
and undistributed proceeds, sale of foreign currency,
Preliminary.
-
(Continued)
Amounts are appropriated to the Railroad Retirement Account equal to
the amount of taxes under the Railroad Retirement Tax Act deposited
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat, 371) and transfers are made currently.
2A/ The Employment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund, an administration account, and appropriated for credit to that account, beginning with fiscal 1961, amounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act.
The tax receipts
are transferred currently on the basis of estimates by the Secretary
of the Treasury, with later adjustments as necessary.
From that
account is to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures.
15/ The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note)
established a Highway Trust Fund from which are to be made, as
provided,, by appropriation acts, Federal-aid highway expenditures
after June 30, 1956, and before October 1, 1972.
The act appropriated to this fund amounts equivalent to specified percentages of
receipts from certain excise taxes on motor fuels, motor vehicles,
tires and tubes, and use of certain vehicles, and provided that
the amounts appropriated should be transferred currently to the
trust fund on the basis of estimates by the Secretary of the Treasury
with proper adjustments to be made in subsequent transfers. Before
fiscal 1957 corresponding excise tax receipts were included in net
budget receipts and Federal-aid highway expenditures were included
in budget expenditures.
1^ For content, see Table 4- These transactions are included in the
detail of both budget receipts and expenditures but are deducted
from the totals (see Reporting Bases, p. II).
*
Less than $500,000.
p
Preliminary.
13/
Treasury Bulletin
ATMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
I
I I I I I I I I I I I I
liifli^l
63
-65
Source: Internal Revenue Service collection reports. For explanation of difference in reporting basis from budget receipts through 1954, see the Treasury Bulletin
for July I962.P.80 and the Annual Report of the Secretary of the Treasury for 1962 p. 599
*Beginning with the fiscal year 1955, includes undistributed depositary receipts and unapplied collections. The whole amount of such receipts for excise
taxes is included under "Other excise taxes"
Office of
the Secretary of the Treasury
July
1965
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(In millions of dollars)
Defense Department
Legislative
Branch
Fiscal year
or month
Funds
appropriated
to the
President
Executive
Office
Judiciary
of the
President
Agriculture
Department
Commerce
Department
10
11
56
56
4,115
4,081
4,109
1,764 2/
5,006
4,875
7,091
5,419
645
382
74
70
29
23
23
24
1,808
2,053
3,968
4,119
4,276
5,929
6,669
7,735
7,897
7,330
193
87
29
4,869
11
5
2
August.
September
12
19
6
196
330
247
October.
November
December
13
7
12
9
5
1957
195S
1959
I960
97
99
118
126
1961
1962
1963
134
153
147
152
62
65
165
1964
1965p
1966 (Est.)...
1964.-July
.
1965-January,
February.
March
April
May
June p.
.
.
39
44
47
49
52
57
Military
418
902
549
525
971
999
1,128
1,153
1,234
3,685
4,215
4,909
5,498
5,739
801
1,029
1,124
1,205
284
294
317
328
357
831 4/
620
257
370
48O
914
797
770
578
800
258
307
408
347
380
47,900
1,337
7,776
1,174
377
565
714
416
3,238
3,512
3,907
92
104
457
468
493
115
112
137
36
28
70
74
73
32
73
33
95
45
3,936
3,726
4,174
122
107
111
482
417
114
91
108
29
28
40
42
38
67
74
23
31
77
79
495
482
314
82
35
-156
102
31
22
102
95
137
541
547
6,357
810
1,068
979
689
91
54
253
326
870
546
87
49
4
251
7W
51
6
23
305
214
454
322
73
73
14
2
299
524
45
16
2
20
16
2
313
494
981
477
309
349
69
49
75
4,063
3,848
4,327
639
733
807
120
908
509
534
27
78
29
85
26
518
674
774
567
53
99
29
52
44
28
97
30
27
30
33
86
124
53
46
Treasury Department
On
refunds
of taxes
Other
6/
Atomic
Energy
Commission
Fiscal year
or month
On
public
debt
y
7,2U
1957
1958
1959
1960
7,607
7,593
9,180
57
74
69
76
748
765
2,178 iZ/
875
1,990
2,268
2,541
2,623
1961
1962
1963.
83
2,713
2,806
2,758
2,765
2,624
Federal
Aviation
Agency
7/
General
Services
Administration
Housing
and
Home
Finance
Agency
425
359
408
-23
199
1,152
309
726
751
795
387
445
466
593
632
502
739
410
328
244
570
441
508
State
Depart-
Depart'
ment
ment 1/
1,016
44,677
48,205
48,252
49,760
46,178
Interest
Post
Office
Labor
Department
250
258
539
3
Justice
Department
214
229
3,691
3,575
4,183
11
Interior
Department
572
666
751
690
498
594
676
686
757
42
Health,
Education,
and
Welfare
Department
2,295
2,645
3,092
3,403
38,439
39,062
41,233
42,824
7
U
562 2/
Civil
functions
National
Aeronautics
and Space
Adm.
179
206
272
247
59
34
33
-3
19
30
Less:
Veterans'
Administration
Other
independent
agencies
8/
District
of
Columbia
9/
Total by
agencies
interfund
transactions
10/
Total
budget
expenditures
68,966
71,369
80,342
26
25
31
28
69,433
71,936
80,697
77,233
467
5,250
911 11/
940
956
224
355
694
76, 539
794
937
293
159
715
50
1,257
2,552
4,171
5,094
5,401
5,392
5,173
5,478
5,488
61
82,169
88,419
93,155
98,348
97,388
654
633
513
664
869
81,515
87,787
92,642
97,684
96,518
145
401
7U
4,805
5,098
5,232
567
1964
1965p
8,957
9,120
9,895
10,666
11,354
68
74
88
77
987
985
1,059
1,193
1,306
1966 (Est.)...
11 , 500
82
1,280
2,530
750
614
454
5,100
4,649
113
103
100,287
600
99,687
1964- July
August. .
September
957
913
927
6
7
99
95
88
261
228
225
67
66
66
49
63
46
100
441
478
487
79
23
162
334
385
386
96
167
7,887
8,167
8,456
477
84
6
7,410
8,083
8,450
October.
November.
December.
923
917
955
10
6
141
238
207
230
65
81
77
42
-135
-136
173
387
466
406
435
364
494
130
-337
65
1
8,339
7,060
8,789
10
39
57
8,329
7,051
8,770
1965-January.
February.
March. .
966
933
961
7
213
61
71
-22
407
U8
60
16
7,753
77
7,676
56
42
59
63
423
461
477
458
7,186
8,141
40
98
14
38
74
5
191
219
7,146
8,139
April
948
955
997
6
529
48
61
-1
450
449
475
197
131
61
63
74
-23
34
6
199
184
230
50
5
111
129
.
.
.
.
May
June p...
9
7
3
95
117
100
102
638
39
Source:
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 1966 Budget document released January 25, 1965.
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 11; 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;"
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
1/
433
508
72
66
57
56
241
-112
-11
24
3
8,277
8,208
9,125
ly
9
19
92
44
8,268
8,116
9,081
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," beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President," and from November 1964 through
February 1965, "Office of Economic Opportunity" from "Executive Office of
the President" to "Funds appropriated to the President."
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.
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.
2/
ly
..
.
,
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.
1957
1958
1959
1960
467
456
567
355
694
557
342
682
340
421
181
465
1961
1962
1963
196i
1965p....,
654
633
664
869
640
620
499
648
851
410
330
186
199
459
1966 (Est.)...
600
582
310
196i-July
477
84
477
429
6
6
513
August. .
September
October.
November.
December.
1965-January.
February.
March. .
.
April ....
May
Jume p
.
.
.
Housing
and
Home
Finance
Agency
Panama
Canal
Company
5
9
19
9
19
77
73
40
40
19
2
2
1
92
4
92
41
Small
Business
Admin.
3/
24
31
47
45
41
46
90
39
6
11
9
9
1
3
7
7
9
9
10
11
15
14
34
15
118
146
160
152
147
11
11
134
12
43
57
51
Tennessee
Valley
Author-
Veterans'
Administration
Under
Defense
Production
Act
10
14
19
23
4
42
4
35
7
31
6
154
125
38
26
15
46
Reimbursement by
Panama
Canal
Con^jany
7/
24
30
32
40
47
49
36
20
27
Other
6/
y
ity
3
8
of
various
agencies
10
9
12
11
22
13
12
14
15
25
17
35
18
16
18
Charges
for
audits
1
26
84
i:
U
ExportImport
Bank of
Washington 2/
31
15
12
3
1
V
11
69
21
i
«
92
1
Source:
See Table 1.
1/ By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U, S. investments.
2/ Excludes transactions under Defense Production Act.
2/ Consists of payments by: Office of -the Administrator for college
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration.
Direct loan program.
i/ By various agencies for programs under the Defense Production Act.
6/ Consists of payments by the:
Colorado River Dam Fund, Boulder Canyon
20
7/
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
Civil Defense Program Fund; Farmers' Home Administration:
Agricultural
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
and the direct loan account, both established pursuant to Title III of
the Agricultural Act of 1961, approved August 3, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; and St. Lawrence Seaway Development Corporation
beginning I960.
For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
Less than $500,000.
Preliminary.
p
Footnotes to Table 3.- (Continued)
4/
y
V
7/
8/
2/
10/
Begj.nning with fiscal 1961, administrative expenses of the employmeni security program are handled as trust account expenditures rather
than budget expenditures, pursuant to the Employment Security Act of 1960,
approved September 13, I960 (42 U.S.C. 1101); see Table 1, footnote U.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
1954, certain functions transferred: Under Reorganization Plan No. 2
of 1954 (15 U.S.C. 609, note) to the Export-Import Bank, the Federal
National Mortgage Association, and the Small Business Administration;
and under Executive Order 10539, as amended, (15 U.S.C. 603, note)
to the General Services Administration.
The corporation was abolished
at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957,
and its remaining functions were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of Small Business Administration, and Secretary of the Treasury.
Established pursuant to the Federal Aviation Act of 1958 (49 U.S.C.
1341 U)), approved August 23, 1958.
Established pursuant to the National Aeronautics and Space Act of
1958 (42 U.S.C. 2472 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances,
For content, see Table 4. These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted
11/
12/
13/
*
from the totals (see Reporting Bases, p. II).
Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the Farm
Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were
classified as trust enterprise funds from January 1, 1957, until
January 1959 when they were classified as Government- sponsored
enterprises ( see "Trust and Other Transactions," Table 3); previously
the operations of the banks and the corporations, respectively,
were classified as public enterprise funds and were included net in
budget expenditures.
Includes $1,375 million paid to the International Monetary Fund for
the additional United States subscription, authorized by an act approved June 17, 1959, consisting of $344 million in gold (see
"Monetary Statistics," Table 3) and $1,031 million in special notes.
The special notes of the United States issued to international institutions are nonnegotiable and nonlnterest-bearing and are payable on
demand.
See also "Consolidated Cash Trasactlous," Table 2 and "Debt
Outstanding," Table 1.
Includes allowances of $107 millioD for Appalachla and tiDO million for
contingencies.
Less than $500,000.
Preliminary.
p
1965
July
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures and Balances, by Agencies,
as of May 31, 1965
(
In millions of dollars; negative figures are deductions in the columns in which they appear)
Additions, fiscal year 1965 to date
Agency-
Unexpended
balances
brought forward
July 1, 196i
1/ 2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
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 Colximbia - Federal payment and loans to
Increase
Appropriations
1/
75
176
i
75
26
15,113
4,664
1,190
4,725
7,652
980
30,074
316
49,363
1,317
2,261
593
43
346
7,178
^
541
141
75
587
13,316
3,203
1,096
12,649
107
395
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Military
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:
Total budget expenditures
534
300
150
115
115
104,536
cancellatlofts,
and other
adjustments
"j/
68
22
3,296
6,982
10
681
5
41,856
1,096
106,140
552
1,052
Unexpended balances May 31, 1965
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts Ij
Unfunded
contract
authorizations
Investments
held
Total 2/
3/
90
15
75
12
8
149
12
8
16,532
5,930
1,498
10,569
1,098
996
5,963
2,773
300
37,473
526
10
37,582
536
4,233
679
16
4,233
815
2,059
198
109
Vr
5,205
1,108
327
433
676
350
11,603
2,395
101
101
570
570
73
628
187
1,216
1,789
657
730
1,218
3,867
1,330
1,247
41
123
628
187
1,216
1,789
657
730
14,183
3,867
1,874
13,039
123
250
721
571
9
339
244
4,586
5,014
827
1
58
8,685
3,466
814
145
1,115
399
10,670
-6 2/
88,262
Certain Interfund transactions.
12,646
2,625
727
618
1,450
5,250
5,792
1,290
-7
Rescissions,
Expenditures
7,178
1,330
385
657
762
14
Deductions, fiscal year 1965 to date
Agency
9
14
49,363
1,317
734
618
616
5,250
5,642
1,288
651
692
Transfers b/
26
4,725
8,24s
994
385
657
762
395
12,646
2,625
425
1,560
Total
171
1,311
J, 064
Total
Authorizations
Other authorito expend from
zations
debt receipts ^/
734
69,339
28,816
5,973
2,079
106,207
825
87,437
Source:
Bureau of Accounts.
Details for the current fiscal year to date
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
Includes same categories as shown under Unexpended balances at end of
1/
current period,
2/ Although not expended, a substantial portion of these amounts is obligated for payrolls, outstanding purchase orders and contracts for
equipment and supplies, and similar items,
Includes reappropriations.
3/
4/ 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 corporate debt receipts).
5/ Consists of new contract authorizations, established by law for the
6/
2/
8/
2/
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations,
Consists of appropriation transfers between agencies.
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
*
Less than |500,000.
Government.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1965 through May 1/
Function
code
number
National defense ;
Department of Defense-Military
Military assistance
Atomic energy
Defense-related activities
051
057
058
059
Total national defense
International affairs and finance
Conduct of foreign affairs
Economic and financial programs
Foreign information and exchange activities
Food for Peace
1960
1961
1962
1963
1964
Expenditures
41,215
1,609
2,623
43,227
48,252
1,721
2,758
2W
2,713
104
46,815
1,390
2,306
92
45,691
47,494
51,103
217
1,381
137
1,327
216
1,927
158
1,653
3,064
3,954
1,U9
41,856
24
49,760
1,485
2,765
172
52,755
54,181
45,214
249
346
2,130
197
1,726
1,826
1,636
1,779
297
1,479
207
1,704
4,301
4,151
3,687
3,727
847
2,395
116
;
151
152
153
154
Total international affairs and finance
201
323
203
1,565
Space research and technology
251
401
744
1,257
2,552
4,171
4,586
Agriculture and agricultural resources:
Farm income stabilization 3/
Financing farming and rural housing
Financing rural electrification and rural telephones
Agricultural land and water resources
Research and other agricultural services 4/
351
2,370
3,093
234
303
4,144
289
330
368
293
2,345
349
301
397
324
3,954
352
353
35i
355
300
342
3,434
255
426
404
251
342
410
341
391
4U
331
390
413
3,650
3,717
4,397
5,390
5,560
4,822
1,235
1,394
1,564
220
331
280
1,699
303
1,747
332
65
68
74
61
68
71
73
91
81
94
51
55
60
94
112
73
91
105
130
73
1,635
341
101
109
122
1,714
2,006
2,147
2,352
2,478
2,395
568
508
38
525
265
716
781
569
654
835
658
795
651
Total agriculture and agricultural resources
Nat\iral resources;
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
,
,
iOl
402
403
404
405
409
Total natural resources
Commerce and transportation;
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area redevelopment
Regulation of business
,
501
502
503
505
506
507
508
Total commerce and transportation
Housing and community development
Aids to private housing
Public housing programs
Urban renewal and community facilities
National Capital region
36
33
914
271
797
427
59
67
74
672
41
770
366
101
84
1,963
2,573
2,774
2,843
3,002
3,138
-172
134
130
-44
150
162
-537
178
222
-595
149
306
-543
207
353
30
51
-149
163
261
74
70
59
60
122
320
349
-67
815
510
2,061
938
1,128
809
2,170
591
2,437
1,354
224
2,788
1,671
345
2,994
1,485
421
2,821
304
327
382
423
466
103
467
3,690
4,244
4,538
4,789
5,475
5,297
327
261
120
156
332
286
143
181
337
350
183
207
392
428
206
404
383
219
310
241
319
461
280
302
866
943
1,076
1,244
1,339
1,361
2,049
1,265
725
961
266
2,034
1,532
2,017
1,635
388
1,084
2,116
1,698
-13
2,158
1,743
113
1,229
3,769
5,266
5,414
7
39
36
578
401
401
91
676
512
380
88
;
551
552
553
555
Total housing and community development
Health, labor, and welfare:
Health services and research
Labor and manpower
Public assistance
Economic opportunity program
Other welfare services
651
652
653
655
659
Total health, labor, and welfare
Education:
Assistance
Assistance
Assistance
Other aids
for elementary and secondary education ^,
for higher education 6/
to science education and basic research...
to education
^
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation 7/
Veterans' nonservice-connected pension 8/
Veterans readjustment benefits
Veterans' hospitals and medical care
Other veterans' benefits and services^
'
801
802
803
804
805
Total veterans' benefits and services
Footnotes at end of table.
(
559
1,030
259
Continued on following page)
77
279
240
249
-28
1,133
154
5,403
5,186
5,492
5,027
1,U5
July
1965
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
My
11
I'fb^
.TRUST AND OTHER TRANSACTIONS.
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollara; 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
6,665
11958
1959
,1960
8,0^1
181
9,380
11,073
361
561
Railroad
Retirement
Account
1
National
Service Life
Insurance
Fund
Unemployment
Trust
Fund
Government
Life
Insurance
Fund
Federal
employees
retirement
funds
Highway
Trust
Fund
699
792
896
966
1,512
2,613
2,945
548
79
72
71
955
1,063
1,183
1,326
1,446
2,620
2,784
3,017
3,645
4,027
632
730
778
1,136
1,644
3,148
3,054
2,736
515
544
562
582
86
120
80
83
4,734 2/
3,906
3,815
3,707
707
626
747
94
96
3,130
591
Federal National
Mortgage Association 1/
Financing
by Treasury
41
3
-42
42
-16
Other
operations
924
102
176
946
-73
317
-730
-104
1962
1963
196i
1965p
11,752
13,270
1i,530
15,285
15,962
1,498
1,124
1,135
1,112
1,139
1,185
1966 (Est.)
18,629
1,748
1,248
3,345
439
63
1,626
3,375
1964- July
Augus t .
September
1,270
1,275
1,286
110
110
112
96
235
117
118
118
405
426
28
217
210
37
32
32
6
100
93
441
-134
5
October. .
November .
December.
1,282
1,275
1,230
111
100
101
4
280
5
120
118
119
436
400
93
33
29
29
5
112
193
165
251
383
137
-16
-110
8
-4
15
104
103
95
308
296
429
191
17
119
269
114
34
36
5
6
119
125
216
252
104
100
279
32
5
124
211
27
212
247
30
32
5
124
127
229
359
-2
1961
,
.
li.b
1,089
1,259
1,341
1,290
1,308
1,320
1965- January. .
February,
March
April.
May
June p.
116
122
116
122
122
150
1,322
1,323
1,780
Trust and deposit
funds- (Continued
Fiscal year
or month
1957
1958
1959
i960
Other
trust 2/
Deposit
funds
(net)
10
Net trust
and other
expenditures
12,938
15,325
19,521
21,212
363
1,572
-161
899
660
460
150
80
206
-9
165
1
2,422
1,977
3
-21
13
6
11
-8
-95
2,329
2,366
2,244
37
-117
-14
-66
-38
364
-5
-10
-3
-33
-165
2,474
2,284
2,127
-10
154
116
-217
97
-176
-148
-24
-75
-151
-151
-29
-94
-4
201
-112
2,333
162
469
-5
626
10
2,271
3
6
2,949
2,323
3,578
-14
-2
58
575
70
223
2,959
2,329
11
110
196
486
4,064
485
3,579
33,099 8/
134
105
102
.
-247
-201
2,471
274
116
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.
2/ 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 nnemployment 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.
.
Less:
Interftmd
transactions 6/
-148
-154
74
18
.
Total
Total
trust
and
other
expenditures
2
-487
872
23,546
24,577
26,365
27,549
28,877
113
123
57
April.
May. .
June p.
Federal
Deposit
Insurance
Corporation
17
396
374
483
468
697
30
1965-January.
February.
March
(net) ij
13
-2
182
1,897
.
enterprises
-20
-12
562
-75
1966 (Est.)
October.
November.
December.
Federal
home loan
banks
5
7
437
711
12,901
15,962
18,363
21 ,636
-31
-61
205
-544
146
-567
-233
.
Farm
Credit
Administration 5/
5
53
178
-104
-115
-124
-134
216
835
1,208
1,055
1,148
1964- July
Augus t . .
September.
Government-sponsored
5
66
42
-124
-628
854
565 7/
915 2/
672 7/
1962
1963
1964
1965p
1961
Total
trust and
deposit funds
95
585
265
4/
6/
2/
8/
P
484
12,947
15,335
19,655
22,120
23,308
25,669
27,050
29,406
515
528
505
-183
-239
1,092
685
1,857
-180
1,379
30,256
629
29,627
-212
398
33,497
599
32,898 8/
246
188
2,717
2,610
1,988
46
-627
1
,292
11
135
908
521
22,793
25,141
26,545
28,885
2,713
2,602
1,966
346
2,296
2,201
2,591
10
9
26
2,286
2,191
2,565
-256
-90
-38
2,218:
12
2,194
2,089
25
2,207
2,183
2,064
11
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.
Includes expendltiffes of the Federal Intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, lintil
January 1959, when these banks were classified as Government-sponsored
enterprises.
Total includes $20 million for hospital insurance for the
Preliminary,
.. ....
,
.
,
8
'
Treasury Bulletin
12
.TRUST AND OTHER TRANSACTIONS.
Table 4,- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts
Fiscal year
or month
Total 1/
Total
trust
accounts,
etc. iy
1957
1958
1959
I960
2,339
597
-1,130
925
2,302
506
-1,232
760
1961
1962
1963
855
i93
2,069
2,775
2,362
1964
1965 p
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
220
-499
-1,290
-726
494
707
-225
285
301
-1 ,089
1,782
2,412
2,327
-821
Railroad
Retirement
Account
Unemployment
Trust
Fund
Government
Life
Insurance
Fund
Federal
employees
retirement
funds
803
404
671
41
958
-41
-21
871
-393
-428
127 2/
-24 2/
-3 2/
45
-952
-U
72
967
44
-90
69
126
-35
-44
-25
-22
-22
1,063
,034
1,075
1,126
1,214
233
202
242
-69
-344
27
93
301
70
-33
21
-78
-63
461
-129
-139
-263
69
149
456
1
573
1
1966 (Est.)...
1,994
1,537
-1,096
-338
142
617
Z25
-15
1,109
46
1964- July
August
September
-1,205
1,882
-775
1,100
-72
37
-87
-51
2
6
-3
-5
-3
75
53
-5
-87
65Q
-96
15
49
-1,258
1,837
76
October.
November
December.
-1,360
691
-550
-1,066
608
-654
-880
266
-253
-93
-29
-78
-86
-19
-12
-59
245
10
-3
6
-4
55
55
-81
7
-2
67
1965-January.
February.
March. .
-1,537
1,353
292
-1,612
-1,245
776
-105
-92
-23
-141
U
5
-15
-4
-3
-227
379
-286
6
-5
-1,471
3,597
-1,362
3,737
-818
2,227
-74
-92
-7
-207
471
-20
558
-115
.
.
.
April
May
June p.
621
. .
1,294.
-5
7
255
120
27
Other
trust
accounts,
etc. iy
Highway
Trust
Fund
-16
-56
-17
274
-1,255
-1,011
692
etc
89
95
76
62
36
-33
-35
264
325
729
552
,
National
Service
Life
Insurance
Fund
9
8U
45
-43
165
-133
-90
128
-160
-141
-35
122
-45
94
46
36
93
115
-15
67
19
17
81
45
63
-27
129
-662
65
-4
28
190
586 3/
47
485
Trust accounts, etc. -(Continued)
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
Total
Banks
Governmentfor
sponsored
cooperaenterprises
tives
V
1957
1958
1959
I960
39
460
-70
239
Federal
Deposit
Insurance
Corporation
Federal
home
loan
banks
104
115
124
134
-67
346
-299
102
148
154
161
183
287
-122
612
180
-104
Federal
land
banks
1
Federal
intermediate
credit
banks 2/
105
1
2
-5
-2
1
Total
public
enterprise
funds
42
36
138
-193
-23
-64
9
34
229
269
244
208
68
335
212
50
457
-318
164
-31
-1
-6
-318
143
-25
44
-27
1964- July
August. . ..
September.
21
«
-2
53
October. .
November.
December.
29
273
5
27
-294
10
-361
3
263
-364
84
104
1965-January
February
Marcb
-2
30
339
29
.
April
May
June p
.
.
.
.
.
94
-31
-64
60
4
335
36
-109
-140
150
-370
312
5
-375
14
297
8
2
8
Source:
See Table 1 .
1/ See Table 1, Note.
2/ Includes Federal intermediate credit banks. See also Table 3,
footnote 7.
2/ Includes $500 million for hospital insurance trust fund.
75
4/
^
•
18
97
-32
263
3
1
25
6
149
191
287
363
35
1966 (Kst.)
-Ul
-2
Federal
Savings and
Loan Insurance Corporation
78
434
771
43
72
Federal
National
Mortgage
Association 4/
36
91
102
166
1961
1962
1963
1964
1965 p
30
Federal
Housing
Administration
51
53
62
72
44
-51
-286
48
100
49
56
6
14
15
8
19
17
18
-14
-4
Tennessee
Valley
Authority
51
-12
-29
-10
Other
-85 5/
14
18
18
22
-18
19
45
12
45
-7
-3
10
1
-3
5
4
-4
16
4
19
3
18
4
8
-1
3
30
-3
-61
-1
-57
10
-119
-50
2
-6
198
-17
1
1
Management and liquidating functions as provided by the Housing Act
of 1954, approved August 2, 1954 (12 U.S.C. 1721).
Investment includes guaranteed securities.
Includes net transactions in guaranteed securities. See also footnote 4.
Less than $500,000. p Preliminary.
July
1965
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 1/
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
Public enterprise funds
Total not
guaranteed
1/
stadium
ftind
1957
1958
1959
1960
-1,171
-400
-1,293
-1,746
-33
-10
-29
-33
6
-10
-28
1961
1962
1963
1964
1965 p
537
-1,780
-1,022
-1,880
-1,372
-100
-204
-162
-206
223
-204
-162
-206
223
638
-1,576
-860
-1,674
-1,595
1966 (Est.)...
-822
92
92
-914
1964- July
August.
September
64
-378
108
-27
-38
-8
-27
-38
-350
146
October.
November.
December.
-67
-125
66
-13
25
1965- January.
February.
March. .
282
16
145
-29
145
-29
-327
-27
-27
-249
-458
-378
62
62
51
51
16
16
.
.
April.
.
.
May
June p...
139
6
-81
66
-13
25
-1,137 3/
-406
-1,283
-1,717
-19
73
-133
-112
115
137
45
-301
-312
-509
-394
Federal
National
Mortgage
Association 2/
-233
6
797
Home
Owners'
Loan
Corporation
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
1965
July
15
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
Bulletin are on a basis consistent with Federal receipts from
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
and paymen-os 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 1966 in Special Analysis A).
payments are made.
Shown also is the attount of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
Revisions of the figures for
These itans consist of certain interest
issuance of a few special public debt securities.
Checks
earlier years have been made where necessary to make them as
outstanding, deposits in transit, and other clearing accounts
nearly comparable with current Budget classifications as avail-
are excluded from payments.
able data will permit.
monetary authority are excluded as not representing cash
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes trans-
received from the public.
Receipts from the exercise of
Federal cash borrowing from the
public includes net borrowing by the Treasury through public
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own securities.
It excludes changes in the public debt which
actions not cleared through the account of the Treasurer of
do not represent direct cash borrowing from the public.
the United States.
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
fund accounts.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
and in cash held outside the Treasury.
The
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
Administrative budget
receipts
(net)
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
1965p
Trust
receipts
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
Administrative budget
expenditures
(net)
Trust fund
expenditures (net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Excess of
cash
receipts from,
or payments
Total
Federal
payments
to the
public
to (-),
the
public
70,562
63,550
67,915
77,763
77,659
81,409
86,376
89,459
93,044
14,301
16,153
16,769
20 342
23,583
24,290
27,689
30,331
31,055
-2,758
-2,311
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,415
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,685
68,966
71,369
30,342
76,539
81,515
87,787
92,642
97,634
96,518
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,885
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
2,099
-1,530
-13,092
750
-2,300
-5,797
-4,012
-4,802
29,627
-3,776
122,369
-2,684
1966 (Est.)
94,400
30,616
-4,526
123,490
99,687
32,898
-5,188
127,398
-3,908
1964.- July
1,532
4,171
1,994
-274
-273
-327
4,745
10,552
11,739
7,410
8,083
8,450
2,713
2,602
1,966
95
611
-1,016
10,217
11,296
9,400
-5,472
August. .
September.
3,487
6,653
10,072
October. ,
November,
December.
3,398
7,037
8,856
1,224
2,928
1,966
-278
-249
-566
4,344
9,716
10,256
3,329
7,051
8,770
2,286
2,191
2,565
-293
156
-453
10,317
9,398
10,882
-5,973
318
-626
1965-January. .
February.
March
5,642
7,518
11,188
1,016
3,746
2,175
-272
-37
-298
6,387
11,227
13,065
7,676
7,146
8,139
2,207
2,183
2,064
-774
277
-637
9,109
9,606
9,566
-2,722
1,621
April
3,549
7,263
13,377
2,201
4,885
3,217
-257
-296
-1,288
10,492
11,857
15,306
8,263
8,116
9,081
2,949
2,323
3,579
-741
10,476
10,567
11,535
,
,
.
May
June p
.
.
.
,
Plus:
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Fiscal year
or month
Public
debt increase, or
decrease (-)
Fiscal year;
1957
1958
1959
I960
1961
1962
1963
1964
1965p
,224
,816
123
-1,125
Net sales
of Government agency
securities in
market 1/
Net investment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table
2)
Total
cash
borrowing
from the
public,
or repayment (-)
Plus:
3/
,363
,625
,640
,230
,659
,853
,561
292
200
-2,160
-597
-536
-923
-1,033
-1,099
-267
-3,100
5,820
8,626
1,848
712
9,594
5,579
3,859
4,304
1966 (Est.)....
,693
822
-1,994
4,520
-724
3,796
112
1964-July
August.
September.
-530
2,906
1,520
-64
378
-108
1,205
-1,882
-49
611
1,402
1,363
-38
-67
-82
572
1,335
1,281
-16
-153
122
1,437
2,132
-13
13
1965-January
February,
.
March
April
May
June p
.
.
.
26
Cash held
Treasurer'
account
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
4,958
4,572
.
16
1,290
3,771
decrease (-)
Seigniorage
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,362
October.
November.
December.
3,499
Equals:
Cash balances,
net increase, or
1,171
400
1,293
1,746
-537
1,780
1,022
1,880
1,372
. .
-7U
2,339
''utside
the
Treasury
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-874
1,733
69
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
-222
118
-74
206
113
1,575
158
3
-4,886
640
3,400
-10
-43
226
-4,896
5
-4,498
2,412
-809
-30
46
178
-4, 528
-1,550
2,197
1,289
25
-95
116
-1,525
2,101
1,405
49
59
44
53
55
58
45
7
5
140
-23
-4
597
3,626
67
125
1,36C
-691
-139
550
1,453
2,285
-135
42
1,900
-2,186
-282
-16
1,297
531
-2,151
-110
327
1,537
-1,353
-292
43
1,187
471
-2,108
-1,140
249
1,471
580
-57
523
13
105
U7
552
2,661
-1,944
458
378
-3,597
-621
-473
151
-327
-2,187
12
14
1,430
1,795
-504
-197
975
1,598
2,851
-546
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, see page II); estimates. Including effect of proposed legislation are from the 1966 Budget document
released on January 25, 1965,
1/ See "Trust and Other Transactions", Table 5, for net sales and
2/
2/
-60
7
9
9
10
11
2,459
-630
redemptions of Government agency securities in market,
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
dollar; excluded from receipts from the public but included in cash
deposits in the Treasurer's account.
Preliminary,
p
July
1965
17
'CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Noncash
debt
transactions
relating
to receipts
Civil service retirement 1/
Fiscal year
or month
Interest
nn trust
fund
investments
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964
1965p
Payroll
deductions
for employees
1,318
1,345
1,315
1,327
1,404
1,423
1,467
1,603
1,759
914
973
1,042
1966 (Est.)...
1,855
1,034
196i-July
August,
September
6
54
11
October.
November
December.
41
57
81
335
1965- January.
February.
17
50
.
En^loyers'
share
559
357
113
149
342
4,414
112
4,526
24
9
-1
62
47
120
270
267
320
3
274
273
327
13
49
2
20
271
240
93
84
81
93
4
33
557
89
89
48
-178
262
27
285
10
76
19
4
4
13
12
66
744
744
833
345
973
1,042
75
54
74
102
88
83
102
1,034
89
79
79
94
94
84
7U
838
845
9U
March.
.
.
95
April.
.
.
42
93
93
55
80
39
1,080
.
.
Total
Total
receipts
adjustments
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,259
4,415
525
579
76
95
June p
Other 2/
Seigniorage
2,709
2,751
2,980
2,975
3,945
3,776
4,231
4,190
4,302
641
660
744
11
May.
Federal
payments
to District
of Columbia
37
158
133
103
105
792
V
561
898
-8
26
23
2U
42
7
9
284
1,274
49
59
44
53
55
58
45
69
5
7
278
249
566
11
13
14
272
37
298
257
296
1,288
Noncash debt transactions relating to payments
Intragovernmental
transactions
(See
above)
Fiscal year
or month
Fiscal year;
1957
1953
1959
I960
1961
1962
1963
1964
2,709
2,751
2,980
2,975
3,945
3,776
4,231
4,190
4,302
-1965p
1966 (Est.)...
4,414
1964- July
August.
September
270
267
320
October.
November,
December.
271
24D
557
1965- January.
February.
262
27
.
March.
.
April
May
June p.
.
.
.
.
285
2U
284
.
1,274
Interest
increment
on savings
and retirement plan
bonds
(net)
securities
(net) 6/
y
336
335
333
136
430
496
577
611
571
52
-131
418
205
-209
145
119
263
144
648 11/
63
United
Nations
funds
bonds
2/
InterAmerican
Development
Bank
7/
International
Development
Association
1/
International
Monetary
Fund 7/
Other
,
Total
noncash
debt
transactions
relating to
payments
Accrued
interest
on the
public
debt 2/
Checks
outstanding Total
payments
and
certain
adjustments
other
accounts 10/
,
18
Treasury Bulletin
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.
As the balances in these accounts become depleted,
they are
the same bank.
On occaalone, to the extent authorized by the
Treasury, banks are permitted to deposit in these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
The tax and
loeui
account system permits the Treasury
restored by osdling 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
operations. In this way the Treasury is able to neutralize
the country.
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
payments and funds for the purchase of Government securities.
In most cases the transaction involves merely the transfer of
money from a customer'
s
the effect of its fluctuating operations on bank reserves
and the economy.
A detailed description of the Treasury's depositary
system may be found in the Annual Report of the Secretary
of the Treasury for 1955, pages 275-2S4.
account to the tax and loan account in
Table 1.- Status of the Account of the Treasurer of the United States
{In millions of dollars)
July
1965
19
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
During period
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds 2/
Tax
anticipation
securitie
Other
Income (by
special
arrangement) 4/
Withheld
and
excise 2/
813
1,078
41,267
43,580
42,475
6,521
6,835
9,921
12,598
55,842
56,438
57,595
58,277
60,050
56,857
53,076
56,085
59,421
58,540
5,453
8,815
10,324
9,180
7,653
8,889
10,324
10,257
1,161
1,531
2,535
1,577
10,689
10,872
1,8U
5,431
4,449
1,748
6,892
4,792
5,621
5,970
1,546
4,875
3,911
63
1,844
5,094
8,134
6,519
4,5U
9,155
5,899
8,519
4,082
6,165
5,109
4,880
4,505
5,085
8,339
2,428
3,732
4,411
2,742
2,250
5,421
5,894
6,434
3,394
6,699
4,155
6,182
5,377
7,707
6,329
6,076
3,320
3,339
2,221
4,789
4,639
4,438
4,198
3,119
5,444
3,612
5,800
7,271
5,514
5,822
7,960
I,8U
3,450
3,447
3,111
4,478
4,082
4,218
6,934
8,822
10,689
6,934
9,272
10,872
3,368
6,901
5,766
4,826
8,183
7,968
26,709
27,881
29,190
33,059
4,152
7,903
1961
1962
1963
2,787
2,725
2,699
2,760
2,635
7,613
5,898
2,963
1,788
3,774
3,830
2,014
34, 511
37, 519
9,U2
1964- July
August . .
September
235
219
204
October.
November.
December.
210
198
217
1965- January.
February.
March. .
274
219
238
April
Hay
June
220
196
207
.
475
5,919
6,053
4,019
740
735
1,196
4,488
3,816
865
1,259
5,088
4,640
2,038
2,433
5,307
6,915
1,503
5,498
4,655
2,022
412
2,044
3,745
6,106
6,906
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
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.
Retirement plan bonds first offered for sale as of January 1, 1963.
Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows:
Withheld income tAx beginning
105
1,860
35
Source:
1/
2/
1/
Average
6,078
8,869
8,055
6,458
6,568
13,513
13,164
7,920
2,340
High
4,082
8,218
3,744
6,458
5,043
2,922
7,581
7,784
221
End of
period
46,000
50,908
62,994
54,782
2,976
2,824
2,668
2,679
1963- December.
Withdrawals
45,448
55,044
58,520
57,496
1957
1958
1959
1960
1964
1965
Total
credits
^
*
5,040
912
1,390
2,987
3,246
3,638
4,103
4,151
4,457
5,325
4,747
5,529
5,599
March 1948; taxes on en^loyers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
This procedure is followed
to the tax and loan account in that bank.
during some of the periods of heavy tax payments.
Less than $500,000.
..
20
Treasury Bulletin
1
•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
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
Fiscal year:
1957
1958
1959
I960
Cash withdrawals-!/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
309
-956
4,159
-4,399
2,654
-510
1,259
1,039
-1,491
-1,387
-5,018
-2,984
-3,975
76
8,755
4,670
2,895
-1,311
3,736
1,686
-1,030
-584
-1,515
3,089
1,575
260
U2
-4,886
-740
144
-5,328
-531
2,032
1,171
1,368
640
3,400
379
464
-1,233
-5,934
346
-854
1,436
2,066
45
-4,498
2,412
-809
-3,132
1,594
3,507
370
216
-17
-2,762
1,810
3,490
1,212
387
-2,201
-1,550
2,197
1,289
733
1,287
-1,040
535
457
-307
1,822
412
-343
105
1,480
4,701
-2,906
1,795
4,596
-2,921
-12,124
1,044
-1,904
1,827
-306
96,897
105,911
121,581
125,464
97,774
112,188
118,477
124,066
126,395
-877
-6,278
-4,023
-2,485
-931
4,858
11,951
11,614
10,445
11,742
9,727
-5,587
208
1,887
October,
November.
December.
4,579
10,816
9,936
10,513
10,934
9,557
-5,934
-118
1965-January, .
February.
March
6,570
12,689
13,494
9,702
11,095
9,987
10 , 264
9,530
12,388
10,775
,
1U,454
1964- July
August. . .
September.
.
April
May
June
13,675
15,018
Treasurer's
Equals:
account balance, increase, or decrease {-)
-3,648
5,253
8,032
1,301
77,279
85,015
93,736
93,817
1961
1962
1963
1964
1965
Net cash borrow'^r repayment of
borrowing (-)
Plus:
ing,
2,692
-1,094
-12,430
1,353
81,875
82,09i
81,612
94,862
,
Total net
transactions
4,244
Source:
Actual figures are based on the daily Treasury statement.
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,
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.
See footnote 1.
Previously included under cash withdrawals.
Less than $500,000.
July
1965
21
DEBT OUTSTANDING
Table !•- Summary of Federal Securities
(
Total outstanding
In millions of dollars)
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
Public
debt 2/
Total 1/
Guaranteed
securities
Public
debt
Guaranteed
securities
Special notes to
International
Monetary
Fund
Total
Total
3/^/
2/
International
Development
Association
InterAmerican
Development Bank
Other
(
1957
1958
1959
I960
270,634
276,444
234,817
286,471
270,527
276,343
284,706
286,331
107
101
111
140
268,592
274,798
281,944
283,380
268,486
274,698
281,833
283,241
106
101
110
139
2,042
1,646
2,873
3,090
2,042
1,646
2,873
3,090
476
445
1961
289,211
298,645
306,466
312,526
317,864
288,971
298,201
305,860
311,713
317,274
240
444
607
813
285,672
294,442
301,954
307,357
313,113
444
605
812
590
285,911
294,886
302,559
308,169
313,702
240
1962
1963
1964
1965
589
3,300
3,759
3,907
4,357
4,163
3,299
3,759
3,906
4,356
4,161
438
310
295
292
2,496
2,667
2,922
3,289
3,167
58
115
129
142
133
55
125
150
150
396
484
420
480
414
1963-December.
310,089
309,347
742
305,955
305,213
741
4,134
4,133
349
3,036
164
125
459
1964- July
August. .
September.
312,004
314,938
316,496
311,183
314,089
315,610
821
848
886
307,675
310,472
312,007
306,855
309,625
311,122
820
847
885
4,330
4,465
4,488
4,328
4,464
4,487
273
425
293
3,289
3,275
3,425
142
142
142
150
150
150
474
472
472
October. .
November.
December.
316,456
319,320
318,750
315,635
318,486
317,940
821
834
809
312,037
314,856
314,362
311,217
314,023
313,553
820
833
808
4,419
4,464
4,388
4,413
4,463
4,387
263
316
337
3,394
3,385
3,308
142
200
179
150
150
150
469
412
413
1965- January.
February,
March
318,646
320,575
318,416
317,983
319,883
317,697
664
693
719
314,336
316,235
314,049
313,677
315,545
313,332
659
690
717
4,311
4,340
4,367
4,306
4,337
4,364
262
3,303
3,303
3,373
179
179
159
150
150
150
412
411
411
317,213
319,823
317,864
316,557
319,218
317,274
657
606
312,364
314,770
313,702
312,209
314,166
313,113
655
604
4,349
5,053
4,163
4,347
250
5,052
4,161
1,153^
3,367
3,167
3,167
159
159
138
150
150
150
422
418
414
,
.
April.
May. ..
June.
590
589
Source:
1/
2/
Daily Treasury statement.
Includes certain debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1.
Includes debt incurred for advances to certain wholly ovmed Government
agencies in exchange for which their securities were issued to the
Treasury (see Table 6).
2/
V
1,068
613
1,979
2,238
529
597
349
294
272
292
Guaranteed
securities 2/
matured)
444
430
417
407
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D,
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2,
Includes $909 million In Treasury bills which matured May 31, 1965
but for which settlement was made on June 1, 1965.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Computed annual interest rate
Computed annual
interest charge
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Total
public
debt
Marketable issues
Total
2/
Bills
Certificates
Notes
Treasury
bonds
Nonmarketable
issues
Special
issues
v
Guaranteed
securities
1/
274,798
231,944
283,380
263,436
274,698
281,833
283,241
7,323
7,243
8,069
9,320
7,325
7,245
8,066
9,316
2.730
2.633
2.867
3.297
2.730
2.638
2.367
3.297
2.707
2.546
2.891
3.449
3.197
1.033
3.316
3.815
3.345
3.330
2.842
4.721
2.504
2.806
3.304
4.058
2.482
2.576
2.619
2.639
2.353
2.892
2.925
3.219
2.635
2.630
2.694
2.772
2.611
2.622
2.628
2.681
1961.
1962.
1963.
1964.
1965.
285,911
294,886
302,559
308,169
313,702
285,672
294,442
301,954
307,357
313,113
3,769
9,534
3.072
3.240
3.361
3.561
3.678
3.072
3.239
3.360
3.560
3.673
3.063
3.235
3.425
3.659
3.300
2.584
2.926
3.081
3.729
4.064
3.073
3.377
3.283
3.704
3.680
3.921
3.354
3.342
2.829
3.122
3.344
3.471
3.642
3.330
3.364
3.412
3.462
3.493
2.803
2.891
3.003
3.238
3.372
3.144
10,931
11,488
3,761
9,519
10,119
10,900
11,467
3.500
3.658
3.732
3.660
1963-December.
305,955
305,213
10,631
10,603
3.487
3.486
3.573
3.596
3.250
3.862
3.417
3.U3
3.103
3.736
1964- July
August. .
September.
307,675
310,472
312,007
306,355
309,625
311,122
10,923
11,027
11,083
10,897
10,995
11,055
3.566
3.566
3.568
3.565
3.565
3.567
3.666
3.662
3.663
3.713
3.720
3.722
3.838
3.823
3.821
3.535
3.535
3.536
3.466
3.468
3.472
3.228
3.253
3.258
3.780
3.783
3.789
312,037
314,856
314,362
311,217
314,023
313,553
11,104
11,215
11,247
11,073
11,184
11,217
3.573
3.577
3.593
3.572
3.576
3.593
3.671
3.675
3.696
3.736
3.773
3.854
3.839
3.313
3.811
3.535
3.536
3.536
3.477
3.480
3.484
3.240
3.243
3.248
3.783
3.777
3.773
314,336
316,235
314,049
313,677
315,545
313,332
11,343
11,487
11,435
11,324
11,462
11,408
3.626
3.649
3.657
3.626
3.649
3.657
3.738
3.769
3.732
3.900
3.957
4.013
3.815
3.326
3.825
3.607
3.629
3.629
3.488
3.489
3.492
3.261
3.279
3.282
3.680
3.697
312,864
312,209
314,166
313,113
11,425
11,508
11,483
11,401
11,486
11,467
3.663
3.672
3.678
3.668
3.672
3.678
3.797
3.803
3.800
4.053
4. 064
4.064
3.844
3.343
3.842
3.630
3.642
3.642
3.496
3.483
3.493
3.271
3.320
3.372
3.683
3.661
3.660
1957.
1958.
1959.
i960.
268, 592
.
October. .
November.
December.
1965- January.
February
March
April.
May. .
June
.
.
.
.
3U,770
313,702
10 , 141
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 conqjuted annual interest charge for
Soxirce:
1/
2/
2/
4/
3.715
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 to 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.
...
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
issues
Bills
Certif-
icates
Nonmarketable
Notes
Treasury
S.
bonds,
savings investbonds
ment
series
U.
Treasury
bonds 1/
Depositary
bonds
1957.
1958.
1959.
I960.
268,486
274,698
281,833
283,241
221,658
228,452
237,078
238,342
155,705
166,675
178,027
183,845
23,420
22,406
32,017
33,415
20,473
32,920
33,343
17,650
30,973
20,416
27,314
51,433
80,839
90,932
34,853
81,297
65,953
61,777
59,050
54,497
54,622
51,934
50,503
47,544
11,135
9,621
8,365
6,783
196
171
183
170
1961.
1962.
1963.
1964.
1965.
285,672
294,442
301,954
307,357
313,113
240,629
249,503
257,153
260,729
264,463
137,148
196,072
203,508
206,489
208,695
36,723
42,036
47,230
50,740
53,665
13,338
13,547
22,169
56,257
65,464
52,145
67,284
80,830
75,025
81,964
38,464
4,727
3,921
3,546
3,256
117
138
103
103
102,481
47,514
47,607
48,314
49,299
50,043
5,330
52,549
53,481
53,431
53,645
54,240
55,768
1963-De(:..
305,213
261,555
207,571
51,539
10,939
53,680
86,413
53,984
48,827
1964- July.
Aug..
306,855
309,625
311,122
261,118
262,184
263,755
206,776
207,692
208,981
51,048
52,045
53,345
58,621
53,559
53, 572
97,106
97,088
97,063
54,343
54,492
54,774
311,217
314,023
313,553
264,960
267,360
267,477
210,118
212,414
212,454
54,966
56,469
56,476
53,107
58,924
53,976
97,045
97,021
97,002
313,677
214,411
214,863
212,507
58,429
58,333
56,525
53,203
55,463
55,481
212,451
210,954
208,695
56,925
55,928
53,665
55,051
52,523
52,549
Sept.
Oct..
Nov..
Dec.
1965-Jan.
Mar.
315,545
313,332
269,441
269,976
267,674
Apr.
May.
June.
312,209
314,166
313,113
267,807
266,333
264,463
Feb..
L
Source:
Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U, S. dollars.
3/ Consists of the dollar equivalent of Treasury certificates of
Indebtedness and from October 1962 Treasury bonds issued and
Foreign
series
seciiri-
ties 2/
Foreign
currency
series
securities
Other
y
46,827
46,246
U,756
U,899
19
25
29
68
59
392
1,132
75
630
832
1,137
141
45,043
4i,939
44,301
46,627
48,650
3,685
98
582
760
32
43,658
49,371
49,444
49,502
3,535
3,529
3,515
103
103
103
282
312
549
983
1,035
1,035
69
69
69
47,
54,842
54,946
55,024
49,531
49,692
49,734
3,450
3,U1
102
102
105
1,086
1,086
1,086
69
70
3,388
554
554
634
102,779
100,567
100,502
55,030
55,112
55,166
49,803
49,881
49,935
3,355
3,343
3,326
104
104
604
93
609
1,086
1,112
1,137
100,475
102,503
55,356
55,379
55,768
49,959
50,002
50,043
3,235
3,282
3,256
72
699
722
1,132
1,137
1,137
1,137
102,481
i/
^
61
59
860
648
589
76
End of
45,737
Ul
47,367
46,257
46,664
46,076
78
U,235
79
45,570
45,659
67
205
175
141
44,402
47,833
48,650
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration
series beginning July I960, and retirement plan bonds beginning
January 1963.
Excludes $998 million Treasury bills maturing May 31, 1966 for which
settlement was made on June 1 , 1 965
-
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(
Special
issues
In millions of dollars)
1/
July
1965
23
DEBT OUTSTANDING
Table 5.- Special Public Debt lesuea to United States Government Investment Accounts
{
End of fiscal
year or month
Total
Exchange
Stabilization
Fund
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
In millions of dollars)
Federal
home
loan
banks
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
19,463
18,610
17,227
16,413
103
112
116
104
7,394
7,738
8,608
9,397
138
182
1957
1958
1959
1960
46,827
46,246
44,756
44,899
718
673
629
694
325
50
996
1,533
2,017
165
165
1961
1962
1963
1964
1965
45,043
556
500
260
270
312
2,299
2,304
2,165
1,903
1,563
50
74
372
82
100
16,200
15,074
14,221
14,799
15,261
U,939
44,801
46,627
48,650
108
292
232
59
10,
4U
98
332
287
11,382
12,438
13,530
14,577
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
Railroad
Retirement
Account
3,475
3,531
3,417
3,586
7,996
6,671
5,636
1
5,570
5,665
5,742
5,803
5,580
129
120
126
138
956
933
234
436
678
609
265
5,759
5,804
5,714
5,783
5,909
3,504
3,316
2,786
2,969
3,123
4,625
4,657
4,803
4,931
5,799
192
182
155
172
287
1,200
1,1U
1,127
1,107
1,071
1,028
1,003
Highway
Trust
Fund
404
822
429
Unemployment
Trust
Fund
Other
1/
1963-December....
43,658
107
72
1,925
324
13,648
51
12,819
981
332
5,752
2,687
4,804
156
1964- July
45,737
47,441
47,367
317
278
428
342
338
289
1,831
1,869
1,857
60
U,025
3U
112
67
15,128
15,123
314
264
13,605
13,658
13,786
953
948
945
558
426
336
5,798
5,808
5,8U
2,882
2,877
2,877
4,844
5,504
5,399
179
181
182
46,257
46,664
46,076
525
1,764
1,735
1,656
70
246
25
14,243
13,841
13,898
13,966
942
938
936
35
14,256
268
284
288
176
466
478
294
305
308
5,824
5,830
5,837
2,791
2,772
2,760
5,339
5,486
5,405
180
159
161
U,235
6U
45,570
45,659
595
667
221
287
291
1,436
1,494
1,490
66
64
174
13,008
13,785
13,873
241
241
241
13,931
13,977
14,044
921
917
912
36
129
148
5,696
5,701
5,707
2,668
2,650
2,664
5,184
5,565
5,278
164
165
168
645
770
232
296
1,417
1,536
1,563
50
184
13,055
15,282
161
311
312
89
U,115
U,093
229
293
5,711
5,719
2,572
2,565
5,071
5,914
170
173
100
15,261
287
14,577
909
905
933
265
5,909
3,123
5,799
287
August
September.
October
November.
December.
1965- January
February,
March
April
May
June
.
.
.
. .
. .
U,402
47,833
48,650
U,509
Source: Daily Treasury statement.
Adjusted Service Certificate Fund (through December 1956),
1/ Consists of:
Postal Savings System through 1962, various housing insurance funds.
Veterans' Special Tern Insurance Fund, and beginning May 1965,
Veterans' Reopened Insxirance Fund.
.
.
.,
Treasury Bulletin
24
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
Internetional
Development 1/
Coimnndity
Credit
Corporation
Rural
Electrification
Administration
Secretary:
Farmers'
Home
Administration
prngrams
ExportImport
Bank nf
Washington
2/
2/
1957
1958
1959
I960
22,731
21,859
25,343
25,636
1,198
1,188
1,164
1,138
13,383
11,528
12,874
12,704
2,519
2,728
2,923
3,155
265
256
323
369
1,205
1,528
1,937
1,636
1961
1962
1963
196i
1965
26,011
28,634
29,166
29,241
28,354
1,107
1,062
807
735
712
11,534
12,990
13,599
13,990
456
354
1,027
1,170
1,235
1,698
1,830
1,476
13,111
3,332
3,484
3,657
3,828
4,075
28,748
746
13,250
3,749
September.
27,693
28,491
28,747
735
735
735
12,314
13,163
13,268
October. .,
November,
December,
29,232
28,602
28,699
735
735
725
1965-January.
February,
March,
.
28,687
27,484
27,795
April
May
June
28,128
28,352
28,354
1963-December.
196i-July
August,
.
.
,
,
,
, .
Housing and Home
Finance Agency
Federal
Adminis- National
trator
Mortgage
Association ^/
282
476
Public
Housing
Administration
Saint
Lawrence
Seaway
Development
Corporation
Tennessee
Valley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
7/
6/
977
1,741
1,502
2,351
2,338
41
35
27
29
48
97
112
118
733
780
930
1,180
1,294
1,723
1,950
1,970
3,202
3,167
2,716
2,393
1,899
32
32
25
830
513
1,213
1,567
2,005
2,302
2,753
121
121
123
123
124
85
95
1,330
1,530
1,730
1 , 730
1,730
1,964
1,976
1.923
2,019
2,056
1,093
1,274
2,180
2,543
122
50
1,730
1,911
3,908
3,908
3,908
1,157
1,158
1,158
841
812
796
2,342
2,358
2,399
2,408
2,371
2,485
123
123
123
85
85
95
1,730
1,730
1,730
2,012
2,012
2,012
36
36
37
13,719
13,640
13,643
3,988
3,988
3,980
1,176
1,204
1,186
827
405
368
2,476
2,501
2,602
2,319
2,138
2,209
123
123
123
95
95
95
1,730
1,730
1,730
2,004
2,004
1,996
38
40
724
724
724
13,733
12,495
12,783
3,980
3,980
3,980
1,212
1,209
1,232
338
342
327
2,602
2,673
2,719
2,120
2,082
2,049
123
123
123
95
95
95
1,730
1,730
1,730
1,986
1,986
1,986
42
44
46
724
724
712
13,028
12,995
4,070
4,070
4,075
1,222
1,254
1,235
383
548
513
2,7U
1,974
1,937
1,899
124
124
124
95
95
95
1,730
1,730
1,730
1,986
2,051
2,056
48
49
13,111
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 1964
Annual Report of the Secretary of the Treasury, pages 685-8, and the 1964
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 506-507.
1/ And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation 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).
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
Consists of notes issued to borrow for:
4/
The iirban renewal program
730
2,774
2,753
^
6/
65
50
21
22
22
29
35
51
35
39
51
(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 tlie Interior Defense Minerals Exploration Administration); the Export-Import Bank of Wasnington through March 1962;
and the Secretary oi" the Treasury.
Consists of notes issued by the:
Secretary of the Treasury; Small
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 1963-65, beginning March 1963;
Virgin Islands Corporation beginning fiscal I960; District of Columbia
Commissionera 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.
:
(
7/
21
18
22
July
25
1965
DEBT OUTSTANDING
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)
Federal National
Mortgage Association
End of fiscal
year or month
1957
1958
1959
1960
,
,
Total
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ ^Z
Management
and liquidating issues
570
All other
issues
Tennessee
Valley
Authority
1,050
1,165
1,290
2,284
5,013
5,i23
6, 70S
8,i07
179
199
284
330
738
456
992
1,259
924
1,159
1,456
1,600
1,552
1,646
1,888
2,137
382
430
459
498
686
1,055
1,797
2,770
4,201
4,757
1,723
1,855
2,133
2,315
2,462
2,357
2,550
2,725
2,973
3,532
2,198
2,556
1,960
1,698
1,797
145
145
180
225
797
797
797
50
1965
7,765
9,332
10,192
11,865
13,460
1963-December.
11,705
588
4,363
1,952
2,834
1,788
180
196i-July
August.
September
11,792
498
12,U2
11,996
538
538
4,048
4,194
4,182
2,396
2,433
2,424
2,973
3,102
3,102
1,698
1,696
1,571
180
180
180
October,
November.
December.
12,128
12,241
12,127
576
638
686
4,144
4,369
4,369
2,352
2,174
2,112
3,169
3,169
1,707
1,701
180
190
3,169
1,601
190
1965-January.
February.
11,990
11,945
12,246
686
670
723
4,120
3,905
4,090
2,102
2,143
2,206
3,169
3,298
3,298
1,723
1,739
1,739
190
190
190
12,557
13,067
13,460
696
678
686
4,1B4
4,484
4,757
2,278
2,367
2,462
3,415
3,415
3,532
1,795
1,898
190
225
1,797
225
1961
1962
1963
,
,
196/i
.
March.
.
.
April ....
May
June
Source;
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
interest of the United States in these banks ended
The
proprietary
1/
in July 1951.
2/
2/
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.
.
26
Treasury Bulletin
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
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, 19-^6,
was $275 billion and that under the act of September 2, 1958,
was $283 billion, Tenporary 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 frcm July 1, I960, through June 30,
by an act approved June
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, 1962); $23
billion fron 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 $2^^ billion from July 1, 1963
through June 30, 196^ (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 Jiine 29, 196^ (act of November 26, 1963)); and
$39 billion from June 29, 1964- through June 30, 1965 (act of
June 29, 1964.).
Table 1.- Status Under Limitation June 30, 1065
(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, I964.
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
32A,000
316,991
590
Total amount of securities outstanding subject to statutory debt limitation
317,581
6,a9
Balance issuable under limitation
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30,1965
(In millions of dollars)
Class of security
Public debt;
Interest-bearing securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
Total marketable.
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Treasury bonds
Treasury certificates
Treasury bonds
U. S, savings bonds (current redemption value).
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable.
Special issues to Government agencies and trust funds
Total interest-bearing securities
Matured securities on which interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Iiiter-American Development Bank series
Special bonds of the United States:
United Nations Special Fund series
United Nations F.A.O. World Food Program series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no interest
Total debt bearing no interest
Total public debt.
Guaranteed debt: 1/
Interest-bearing,
Matured
Total guaranteed debt
Total public debt and guaranteed debt.
Subject to statutory
debt limitation
53,665
52,549
102,481
Not subject to statutory
debt limitation
Total
outstanding
July
r
'
28
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding June 30, 1965
Regular
Weekly and Annual Treasury Bills - (Continueai
Other Than
(In millions of dollars)
July
29
1965
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In mllllona of dollars)
Description of new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Regular weekly bills:
June
1965-Mar.
U
Mar.
11
Mar.
Mar.
Sept.
June
18
17
16
Sept.
Sept.
Apr.
1,
Apr.
8.
Apr.
15.
Apr.
22.
Apr.
29-
May
9
June
June
25
July
Sept.
July
Oct.
July
Oct.
July
Oct.
July
6.
10
Sept.
24
23
1
30
8
7
15
14
22
21
Oct.
29
28
Aug.
Nov.
4
5
May
13.
Aug.
Nov.
12
12
May
20.
Aug.
Nov.
19
May
27.
Aug.
Nov.
26
26
June
June
Sept.
3p
lOp,
17p.
June
2Ap.
2
Sept.
9
9
Sept.
Dec.
Tax anticipation bills
1964-Sept.
277777777.
24
1965-V
One -year bills;
1964- Feb.
6..
Mar.
3..
Apr.
8.,
May
June
July
7.
Aug.
Aug.
Sept.
30.
6.
2,
4
31.
Oct.
31.
Nov.
30.
Dec.
31.
1965-Jan.
31.
Feb.-
28.
Mar.
Apr.
31..
May
June,
28.
30p.
30.
16
16
Sept.
23
Dec.
23
:
Nov.
2
Dec.
Deo.
June
18
1965-Mar.
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On conpetitive basis
On nonconpetitive 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
Average price
per hundred
i965-Mar.
Price per hundred
3.982
i
Equivalent rate 8/
(Percent)
(Percent)
Be gular weekly bllle;
low
High
Equlvale6t average
rate 8/
(Continued)
On competitive bids accepted
On total bids accepted
Issue date
-
4.037
98.995
97.961
2/
3.976
4.033
Mar.
11
3.948
4.001
99.006
97.984
3.932
3.988
Mar.
18
3.917
3.990
99.014
97.985
3.901
3.986
Mar.
25
3.922
3.984
99.010
97.989 10/
3.916
3.978
Apr.
1
3.921
3.993
99.014
97.988
3.901
3.980
Apr.
8
3.942
3.993
99.007
97.984
3.928
3.988
Apr.
15.
3.937
3.991
99.007
97.989
3.928
3.978
Apr.
22
199.003
197.974
3.946
4.003
99.006
97.978 11/
3.932
4.000
Apr.
29
B9.010
P7.989
3.916
3.978
99.014
97.993
3.901
3.970
May
6
(99.014
198.003
3.901
3.950
99.016
98.004
3.893
3.948
May
13
J99.OI6
3.893
3.950
99.020
97.998 IS^
3.877
3.938
3.897
3.955
99.018
98.003
3.885
3.950
3.889
3.944
99.020
97.998 3J/
3.877
3.938
99.022
98.016
3.870
3.924
99.026
98.023
3.853
3.911
OU
3.781
3.863
99.049
98.054
3.762
3.849
98.042
3.799
3.873
99.043
98.045
3.786
3.867
[99.042
[98.063
3.789
3.831
99.047
98.068
3.770
3.822
3.580
3.518
3.639
3.711
98.012
98.575
97.895
May
20
May
27
P7.992
R9.015
198.000
June
3p
June
lOp
99.
98.047
June
17p
June
2Ap
.'99.040
Tax anticipation bills;
1964-Sept
2
2/
Nov.
24
1965-4/
One-year bills:
1964- Feb.
6..
Mar,
Apr.
May
3..
8..
6..
Jline
2,
July
Aug.
Aug.
Sept.
Oct.
Nov.
Dee.
7.
4.
31.
30.
31..
30..
31.
1965-Jan.
31.
feb.
28.
.la^.
31.
.
Apr.
30..
May
June
28..
30p.
96.320
96. 2U
96.312
96.305
96.250
96.329
96.346
96.260
96.174
96.158
95.876
95.972
96.000
95.882
95.957
95.949
95.991
96.140
98.
ai
U/
W
W
688
773
3.790
4.068
3.972
3.945
4.062
3.987
3.996
96.335
96.225
96.334
96.316
96.259
96.336
96.362
96.270
96.189
96.168
95.944
95.987
96.007
95.904
95.973
95.951
3.954
3.807
95.994 22/
96.157 2^/
680
765
719
705
719
691
6U
12/
18/
12/
^
21/
22/
3.561
3.490
3.609
3.691
3.665
3.754
3.697
3.694
3.710
3.684
3.628
3.679
3.759
3.780
4.000
3.958
3.938
4.040
3.972
3.994
3.951
3.790
Price per hundred
Equivalent rate 8/
July
31
1965
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1961-January
19
January
26
February
2
March
30
1961-Aprll
6..
April
13..
May
4..
May
11..
July
20.
August
31..
October
19..
October
26.
1962-February
1..
February
15..
February
23..
March
1..
March
8..
March
15..
March
22..
March
29..
April
5..
April
12..
April
19.
April
26.
May
10..
May
2i,..
May
31..
June
7.
June
IJt
June
21..
June
28.
.
1961-Aprll
July
i/
,
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills i/-(Contlnued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
«2,212
1,202
$1,301
700
2.930
3.008
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1962- July
5.
2-October
3-January
3
91
182
July
12,
2-October
3-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
July
19.
2-October
3-January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
July
2-October
3-January
25
26,
91
182
2,127
1,362
1,298
703
2.892
3.103
91
182
2,161
1,576
1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
1962 November
January
24
1
August
2
August
9,
:-November
i-February
August
16,
;-November
i-February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
August
23,
^-November
i-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
August
30.
l-November
t-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
September
i-December
i-March
6
6,
91
182
2,054
1,332
1,301
700
2.834
2.977
September
!-December
i-March
13
13,
U
91
182
2,377
1,291
1,301
701
2.789
2.911
September
20,
!-December
i-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
September
27,
!-Dec ember
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
3
91
182
2,011
1,505
1,300
701
2.752
2.902
11963.
i-March
i-January
31
7
October
4,
October
11,
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
October
18,
January
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
October
25
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
January
31
91
182
2,207
1,573
1,301
701
2.686
2.775
91
182
2,249
1,761
1,301
702
2.841
2.927
91
182
2,325
1,436
1,302
701
2.801
2.846
90
181
2,409
1,274
1,300
800
2.833
2.892
91
183
2,042
1,528
1,300
801
2.853
2.936
91
182
2,108
1,663
1,300
801
2.861
2.945
91
182
1,973
1,321
1,301
801
2.807
2.861
November
November
1
8
November
15
November
23
November
29
December
December
6,
13
-December
20
December
27,
1963-January
3.
January
IC
March
28-
April
4.
April
May
2
February
7
May
9
February
M
May
16
February
21
May
23
February
28
May
.31
March
7
June
6
March
U
June
13
March
21
June
20
91
182
2,092
1,248
1,301
800
2.860
2.900
March
28
27
91
2,660
182
1,322
1,309
802
2.893
2.924
June
April
July
4
5
91
183
2,220
1,340
1,301
801
2.926
2.966
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
June
27
91
September
26
182
2,133
1,459
1,301
800
2.919
2.977
July
October
5
3
92
182
2,081
1,454
1,300
800
2.922
2.982
April
11.
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
April
18.
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
25.
July
October
25
24
91
182
2,259
1,670
1,300
2.884
2.982
April
Footnotes at end of table.
(Continued on follovfing page)
801
$200
July
1965
34
i%
1965
D
Treasury Ballethi
36
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
Date
of
issue
Description of security 1/
Period to final
maturity
(years, months,
Amount of subscriptions tendered
days) 2/
Cash i/
Exchange
Amount issued
Allot-
For
cash 3/
(In millions of dollars)
5/27/64
6/2/64
3.719? Bill
5/31/65
At auction
ly
2,208
7/1/64
,7/7/64
3.691% Bill
6/30/65
At auction
ly
2,393
10/1/57
7/22/64
4i6
Bond
7/13/64
10/1/69
11/15/73
8/15/87-92
^/l5/62
7/24/64
7/29/64
4-l/8!t Bond
4-1/4$ Bond
3.505? Bill
riO/15/64|l 2/17/64
Reopening
28y
"Strip" of 10
- series
57/
(At auction)
7/30/64
8/4/64
3.644? Bill
7/31/65
8/3/64
8/15/64
3-7/8? Note
2/15/66-C
8/25/64
8/31/64
3.688? Bill
8/31/65
At auction
8/26/64
9/2/64
3.580? Bill
3/22/65
Tax ant. 11/
{At auction)
9/24/64
9/30/64
3.773? Bill
9/30/65
At auction
10/
10/1/64
1-1/2? Note
lO/l/69-EO
10/20/64
9/2/64
3.518? Bill
10/27/64
10/31/64
3.790? Bill
11/2/64
11/15/64
4?
11/17/64
11/24/64
3.639? Bill
Note
109 6d
Average)
3,726
4,357
1,198
.
(
At auction
ly
2,147
ly
2,080
6111
14,852
ly
1,940
201d
2,235
ly
1,849
147d
159
10/31/65 - At auction
5/1 5/66-
ly
Tax ant. 11/
(At auction)
3,187
ly
2,350
6m
21,900
210d
3,703
11/24/64
11/30/64
4.068? Bill
11/30/65
At auction.
ly
2,497
12/23/64
12/31/64
3.972? Bill
12/31/65
At auction
ly
2,311
ri/15/65
1/4/65
U/15/65
[8/15/62
Bond
4?
4-1/8? Bond
4-1/4? Bond
2/15/70
2/15/74
8/15/87-92
11/24/64
3.711? Bill
6/22/65
1/12/65
1/26/65
2/1/65
3.945? Bill
1/31/66
Note
11/15/66
4?
9y
In
Im
27y
701
5y
Reopening
Tax ant. ll^/
( Reopening)
155d
At auction
ly
E
ly
9m
4,045
2,908
10,636p 65/
2/23/65
4.062? Bill
2/28/66
At auction
ly
2,023
3.987? Bill
3/31/66
At auction
ly
2,241
10/
1-1/2? Note
4/1/70-EA
4/23/65
3.996? Bill
4/30/66
At auction
ly
Note
8/15/66-A
4?
5y
5/25/65
'5/31/65
3.954? Bill
Heopening
ly
Issued at 99.85
5/15/74 - Reopening
Issued at 100.25
5/31/66 - At auction
6/24/65
6/30/65
3.807? Bill
6/30/66 - At auction
5/15/64
4-1/4? Bond
I
61/
4,381p
3,130p
2,254p
3/25/65
5/3/65
i8/
5y
3/2?/65 - Tax ant. 11/
(Reopening)
6/22/65
2-l/4m
3-3/4m
3/4m
5y
9y
Reopening
1,000
31
2,573
3m
5,904p
9y
ly
2,752p
ly
2,191p
2,062p
In exchange
ment
ratio
July
37
1965
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
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/ Issued at par except as noted. For bill issues sold at auction the
rate shown is the equivalent average rate (bank discount basis) on
In reaccepted bids. For details of bill offerings, see Table 2.
or-enings, the amount issued is in addition to the amount in original
2/
2j'
^/
^
6/
7/
8/
2/
12/
'
'
'
'
I
f
/
/
/
/
/
/
1/
offering
From date of additional issue in case of a reopening,
Subscriptions shown are from the public, but amounts issued include
allotments to Government investment accounts.
For maturing securities exchanged for the new issues, see Table 7.
Issued as a rollover of maturing one-year bills.
Subscriptions were permitted to be made with payment in cash or in
lt-l/S% Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 4).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
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, 36<i million and were allotted in full. Subscriptions subject to allotment totaled $1A,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.
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
3-5/8i6 bonds of 1967.
Exchange offering available to owners of nonmarketable 2-3/4% Treasury bonds. Investment Series B-1975-80, dated April 1, 1951. For
further information on the original offering see Treasury Bulletin
for April 1951, page A-1. Amounts shown are as of Jtuie 30, 1965Tax anticipation bill, acceptable at face value in payment of income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4% Treasury certificates or 3-5/8% Treasury notes, both
maturing May 15, 1961 (see Table 7, footnote 9).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There ware 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, foreigri 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; iubsoriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than
$25,000.
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.
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 Lhe 3-1/2% bonds of 19S0, $160.6 million of the
3-1/2% bonds of 1990, and $289.5 million of the 3-1/2% bonds of 1998.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
lesr than $100,000.
In addition, $100 million of the notes was
allotted to Governiiient investment accounts.
Includes $2 million allotted to Government investment accounts of the
3-1/4% 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 $970 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,(l00 were allotted 60 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accoxmts
Includes $3,411 million allotted to Federal Reserve Banks and Government inveetrac-nt accounts of the 3-1/2% 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 $335 million of the 4% bonds of
1971, $177 million of the 4% bonds of 1980, $218 million of the
3-1/2% bonds of 1990, and $221 million of the 3-1/2% bonds of 1998.
24/
25/
26/
27/
28/
29/
iO/
31/
22/
12/
yj
15/
36/
37/
38/
39/
LQ/
QJ
Qj
43/
yj
43/
^6/
47/
48/
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 12).
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 3-1/4% 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 13).
Consists -of allotments on subscriptions from holders of Treasury
notes maturing AuBust 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
In addition, $100 million of the bonds was allotted to
$100,000.
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 T/hich mature in 1963 and 1964 were offered in exchange either
the 3-7/8% bonds or the 4% bonds with certain adjustments as of
December 15, 1962, 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 $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 for reoffering to the public. The winning bid was $99.85111 per
$100 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 J-l/lS certificates and $15 million
of the T.-'i/lS 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 conjjetitive 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 matui-ity.
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 tlian $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 17).
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
3-1/3% certificates or 4-7/8% notes, both maturing November 15, 1963
(see Table 7, footnote 18).
Consists of allotments on subscriptions from holders of Treasury certificates of Indebtedness and Treasury notes maturing November 15,1963.
Remaining footnotes on following page.
.
^
Treasury Bulletin^
38
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
^9/
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, 196-4.
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 S3-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8% notes.
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 ^% 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.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
October 15, 1964, to December 17, 1964.
Subscriptions were permitted to be made with payment in cash or in 5%
notes or 3-3/4% notes, both maturing August 15, 1964 (see Table 7
footnote 22).
Consists of allotments on subscriptions from holders of Treasury notes
maturing August 15, 1964.
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
,
^0/
51/
52/
53/
ii/
15/
56/
21/
^8/
^
6Q/
-
(Continued)
circulars, totaled $1,950 million and were allotted in full. Subscriptions subject to allotment totaled $12,903 million: those up
to and including $100,000 were allotted in full; all others were
allotted 15 percent but in no case less than $100,000.
Subscriptions were permitted to be made with payment in cash or in
4-7/8% notes or 3-3/4% notes, both maturing November 15, 1964 (See
Table 7, footnote 24).
Consists
of allotments on subscriptions from holders of Treasury
^2/
notes maturing November 15, 1964.
^^ Subscriptions from States, political subdivisions or instrumentalitie,
thereof, public pension and retirement and other public funds, inter-'
national 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, totaled $6,607 million and were allotted in full. Subscriptions subject to allotment totaled $15,293 million: those up
to and including $100,000 were allotted in full; all other were
allotted 16.5 percent but in no case less than $100,000.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $322 million of the 4% bonds of
1970, $325 million of the 4-1/8% bonds of 1974, and $55 million of
the 4-1/4% bonds of 1987-92.
^5/ Subscriptions were permitted to be made with payment in cash or in
2-5/8% bonds maturing February 15, 1965 (see Table 7, footnote 26).
66/ Consists of allotments on subscriptions from holders of Treasury
bonds maturing February 15, 1965.
§2/ Subscriptions from States, political subdivisions or instrumental itiei
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 accoiu
and the Federal Reserve Banks, totaled $582 million and, as provided i
the offering circulars, were allotted in full where the subscriber
made the required certification of ownership of bonds maturing
February 15, 1965. Subscriptions subject to allotment totaled $10,05^
million:
those up to and including $100,000 were allotted in full;
all othere were allotted 15 percent but in no case less than $100,000,'
68/ Includes $4,253 million allotted to Federal Reserve Banks and Governme
investment accounts of the U% notes and $65 million of the 4-1/4% bond.
p
Preliminary.
M/
^^
I
July
1965
39
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
Date issued
Treasury Bulleti
Hii
40
PUBLIC DEBT OPERATIONS
,
Table 5.- Securities Issued In Advance Refunding Operations -(Continued)
Date issued
Amount
issued
(In millions)
Securities issued
Adjustment payments
at issue (per $100
of face value)
1/
By
Treasury
3-5/8?
Note
$960
2,275
206
2/15/67-B
845
4,287
3-7/8^
Bond
11/15/71 i/
693
532
94
196
1,515
3/15/63
3-7/8?
Bond
11/15/74
V
136
3L4
251
373
1,074
17
49
2
24
4?
Bond
V
2/15/80
195
420
210
213
1,131
3-7/8?
Bond
11/15/68
4?
Bond
8/15/73
4-1/8?
Bond
5/15/89-94 y'
4?
Bond
8/15/70
4-1/4?
Bond
5/15/75-85 A/
9/15/63
V
1/22/64
To
Treasury
Effective
interest
rate 2/
Investment
yield 2/
Eligible securities exchanged
July
1965
41
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations
-
(Continued)
D
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
,
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Billed/
(In millions of dollars)
Allotments by investor classes
Amount issued
Date of
financing
Description of security
For
cash
1/15/61
2.679if Bill
1/15/62
2/15/61
3-l/4!t Note
8/15/62-G
r3-3/8)8 Bond
11/15/66
11/15/67
3/15/61
S. Government
investment
In
exchange accounts
for other and
Federal
securiReserve
ties
Banks
[3-5/8$ Bond
3,655
V3/61
2.^73? Bill
9/22/61 2/
1,503
4/15/61
2.827J6 Bill
4/15/62
2,000
5/15/61
Cert.
[3%
[3-1/4$ Note
5/15/62-A
8/
5/1 5/63r
8/3/61
11/30/61
r3,728
[1,903
2.908$ Bill
7/15/62
2,004 2/
7/26/61
2.i8A$ Bill
3/23/62 2/
3,503
8/1/61
'3-1/4$ Note
3-3/4$ Note
3-7/8$ Bond
9/15/61
11/15/80"
3-1/2$ Bond
3-1/2$ Bond
2/15/90
11/15/98
9/27/61
2.705$ Bill
10/11/61
3-1/4$ Note
10/16/61
2.975$ Bill
11/15/6:
3-1/4$ Note
3-3/4$ Bond
3-7/8$ Bond
11/15/61
2.277$ Bills
12/15/61
3-7/8$ Bond
6/22/62' 2/
1/15/63
10/1/69
2/15/62
3/1/62
Bond
3-1/2$ Cert.
Note
4$
3/23/62
2.896$ Bill
4/15/62
2.943$ Bill
4/18/62
5/15/62
3-1/4$ Cert.
3-5/8$ Note
^3-7/8$ Bond
4/15/63
8/15/68
7/15/63
8/15/62
3-1/2$ Cert
Bond
4$
4-1/4$ Bond
8/15/63-C
2/15/69
8/15/87-92
3-3/4$ Note
Bond
4$
10/3/62
2.616$ Bill
10/15/62
2.969$ Bill
11/15/62
3-1/8$ Cert.
3-1/2$ Note.
Bond
[4$
11/15/62
12/15/62
2.866$ Bills
(3-7/8$ Bond
(4$
Bond
1/15/63
3.015$ Bill
1/17/63
4$
2/6/63
Bond
119
209
38
112
71
lU
20
21
20
34
214
326
S/
10/15/63
2/15/88-93
6/2i/63 2/
3,386
1,600
2/
1,114
1
2
1
9
90
49
72
75
33
81
59
54
419
157
21
9
3,473
10
2
1,2a
77
64
366
58
2,203
309
480
161
290
61
81
50
31
23
27
32
529
442
2,493
7
1
2,056
9
7
9
86
198
1
2
382
145
16
17
12
7
407
100
74
190
99
9
10
13
17
4
2
20
28
55
29
5
21
63
123
94
3
3
2
3
9
3
3
131
3
19
78
92
52
89
21
37
55
4
625
66
16
25
17
165
49
9
3
82
136
60
21
17
18
7
217
1,078
14
12
7
117
3
100
780
35
11
30
26
11
3,411
1,618
2,043
100
87
106
77
36
80
646
135
35
19
1,591
116
94
77
118
36
83
132
115
51
46
41
37
69
87
23
30
28
23
17
5
1,518
2,806
408
563
900
933
177
218
221
689
925
1,258
100
753
2,330
17
64
2,287
2,261
653
5
2
156
1
149
32
29
39
40
106
140
68
36
68
49
15
827
93
26
358
47
31
40
6
5
11
11
9
1
3
15
44
952
23
3,804
100
67
63
95
8
27
31
17
66
66
5
50
1,080
1,291
115
3
76
10
3
16
6
38
5,282
2,579
21
3,585
1,146
62
51
123
63
63
86
151
34
28
29
41
2,975
10
1
11
280
1,209
10
4
180
3,796
431
2,238
1,504
74
63
45
125
48
15
12
«
9
32
2
18
U
2
1
320
3,005
1
6
1,001
242
48
2U
18
51
207
33
3
3
1
575
41
34
62
5
2
4
1,331
21
18
11
50
10
52
17
416
(Continued on following page)
3
237
5
3I9
23
21
3
7
26
19
3,782
4,856
3,286
2,-iU
70
64
939
6,862
4,454
2,500 2/
94
2,158
1,514
105
163
250 12/
343
68
4
136
153
2,496 2/
4U
111
1,802
3,070
1,836
360
35
12
5
917
2,001 7/
1,001
2
107
92
45
320
11/15/71
2/15/80
1/15/64
2,004
907
88
17
361
11/15/63-D
ll/15/65-B
2/15/72
ri/17/63-1,
[3/21/63 ]i
1,818
837
75
2,00i 2/
3/22/63 2/
Footnotes at end of table.
53
120
800
8/15/67-A
8/15/7?
2.929$ Bill
1,714
1,664
6,686
3,114
1,204
"
9/15/62
39
560
517
5/15/63-B
2/15/66-B
11/15/71
3.257$ Bill
2,438
3,604
3,642
2,38i
2,001
U/
11/15/98J
9/21/62 2/
7/15/62
561
100
8/15/71
2/15/80
2/15/90 .11/
3-3/4$ Bond
20
14
2,295
2/15/63-A
8/15/66-A
Bond
4$
Bond
4$
3-1/2$ Bond
__3-l/2$ Bond
1
36
1,273
1,298
1,187
5/15/68 11/
3.366$ Bill
97
4.78
5,019
749
,
[1/25/62/^
4$
3
111
2,003 2/
ri2/7/6l-Uo/
1/15/62
1
51
6,082
11/15/7^^
1/24/62
28
2,511
10/15/62
2/15/63-E
5/15/66),,
Pension
and re- Other
tirement funds
funds
120
1,792
U/
5/15/63-D 11/
nies
^
651
1,802
11/15/62-H
8/15/64-E
5/15/68 11/
'3-1/2$ Bond
coinpa-
Mutual
savings
banks
1,518
1,781
850
7/15/61
Insurance
203
1,492
2.308$ Bills
U 10/
Individuals
2/
3,605
2/
6/U/61
]_
Commercial
banks
2/
Private
pension
Corporations and retirement
funds
3,670
1,502 2/
8/
State and local
governments
U.
47
313
93
Dealers
and
brokers
1
4
r
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
ions for Public Marketable Securities
Table 6.- Allotments by Investor Classes on Subscript
Other Than Regular Weekly Treasury B lllsi/- (Continued)
',
July
i%3
45
PUBLIC DEBT OPERATIONS
Table 7.- Dlpposltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Disposition offers
by Treasury
Called or maturing security 1/
Date of
refunding
Issue
date
Description
Amount
outstanding
Exchange
security
offered
Cash
retirement
Results of exchange offers
Exchanged
Description of new
security offered
(See also Table i)
Turned
in for
cash 2/
(in millions of dollars
1/15/61
2/15/61
5.067? Bill
i-7/a? Certificate
'2-1/4% Bond
3/15/61 6/
2-1/4% Bond
2-5/8% Note
2-1/2% Bond
1/15/61
1/15/60
1,504
2/15/61
2/15/60
6,938
6/15/59-62
12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
3,449
3,971
6,755
Total.
1,504 2/
I
6,938
V
3,670
5,000 7/
•
3,000 7/
y
3/22/61
2.823% Bill
3/22/61
7/13/60
3,512
Vl/61
1-1/2% Note
4/1/61-EA
4/1/56
144
14A
4/15/61
4.608% Bill
4/15/61
4/15/60
2,001
2,001
5/15/61-B
5/15/60
3,674
3-5/8% Note
5/15/61-B
12/1/58
Bond
6/1/61
( Panama
Canal loan)
6/1/11
50
Total
6/1/61
3%
54
4,078
t
4,078
7,753
727
829
2,631
7,753 2/
2.788% Bill
-
6/2?/6l
10/21/60
3,504
3,504 B/
3.265% Bill
-
7/15/61
7/15/60
1,501
1,501 1/
3-1/8% Certificate
8/1/61-C
8/15/60
7,829
7,829
4,560
3,049
131
4%
8/1/61-A
8/1/57
2,136
2,136
658
991
289
2-3/4% Bond
9/15/61
11/9/53
2,239
2,239
681
890
320
1-1/2% Note
10/1/61-EO
13/1/56
332
332
3,599
}'. 523
12,536
12,536
11,850
11/15/66
Certificate 3-1/4% Note
L3%
Certificate 3-1/4% Note
[3%
5/15/62-A
5/15/63-D
5/15/62-A
5/15/63-D
3-3/4% Note
3-7/8% Bond
ll/15/62-H
8/15/64-E
5/15/68
198
'3-1/4% Note
3-3/4% Note
3-7/8% Bond
11/15/62-H
8/15/64-E
5/15/68
348
3-1/4% Note
3-3/4% Note
3-7/8% Bond
11/15/62-H
8/15/64-E
5/15/68
52
3-1/4% Note
3-3/4% Note
_3-7/8% Bond
11/15/62-H
8/15/64-E
5/15/68
[3-1/4% Note
686
6,082 of 3-1/4% Note
5,019 of 3-3/4% Note
749 of 3-7/8% Bond
3/15/65-70
2/1/44
4,688
4,688
1,035
722
495
'3-1/2% Bond
2-1/2% Bond
3/15/66-71
12/1/44
2,927
2,927
238
576
692
'3-1/2% Bond
2-1/2% Bond
7,615
7,615
3,757
6,963
3,642
2,384
Total.
2.473% Bill
9/22/61
4/3/61
1,503
1,503 8/
3.131% Bill
10/16/61
10/17/60
1,502
1,502
2-1/2% Bond
11/15/61
2/15/54
6,963
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
3-1/2% Bond
1,273 of 3-1/2% Bond
1,298 of 3-1/2% Bond
1,187 of 3-1/2% Bond
11/15/80 11/
2/15/90 ly
11/15/98 11/
ly
ly
ly
11/15/80 ly
2/15/90 ly
11/15/98 ly
11/15/80
2/15/90
11/15/98
y
419
517
3-1/4% Note
3-3/4^ Bond
3-7/8% Bond
2/15/63-E
5/15/66
11/15/74
y
2.679% Bill
1/15/62
1/15/61
1,502
3-5/8% Note
2/15/62-A
5/1/57
647
647
282
303
62
[3-1/2% Certificate
Note
[4%
2/15/63-A
8/15/66-A
Note
2/15/62-D
2/15/59
1,435
1,435
452
856
127
[3-1/2% Certificate
Note
[4%
2/15/63-A
8/15/66-A
11/15/60
9,098
9,098
5,758
3,200
140
("3-1/2% Certificate
2/15/63-A
8/15/66-A
4/1/57
551
551
4%
3-1/4% Note
1-1/2% Note
Total
I
3-3/8% Bond
5,122 10/
183
2/15/62
11/15/67
50
7/15/61
9/15/61 6/
3-5/8% Bond
y
3,674
6/2^61
8/1/61
8/15/62-G
3,512 &/
l_22
5/15/61
3-1/4% Note
[2,438 of 3-3/8% Bond
13,604 of 3-5/8% Bond
6,041
19,436
4-3/8% Certificate
3,268
1,296
1,177
L 1,131
2,438
Footnotes at end of table.
2/1 5/62-
4/1/62-EA
11,731
(
1,502
11,731
Continued on following page]
370
95
11,316
86
415
\jS
Note
("3-1/2% Certificate
2/15/63-A
Note
8/15/66-A
[4%
16,862 of 3-1/2% Certificate
14,454 of 4% Note
ly
ly
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
July
1965
CD
.
Treasury BuUetitA
48
PUBLIC DEBT OPERATIONS
of Matured Public Marketable Securities
Treasury Bills - (Continued)
Weekly
Regular
Other Than
Table?.- Dlppoeltlon
Called or maturing security 1/
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
Date of
refunding
or retirement
Amount
outstanding
Exchange
security
offered
Cash
retirement
Exchanged
Description of new
security offered
(See also Table A)
Turned
in for
cash 2/
(In millions of dollars)
'
3-1/4^ Certificate
5/15/64-B
5/15/63
5,693
5,693
/,-3/A% Note
5/15/64-A
7/20/59
4,933
4,933
3-3/4* Note
5/1 5/64-
6/23/60
3,893
3,893
-
621
'4*
-
-
8/15/73
5/15/89-94 11/
Bond
4-1/8* Bond
-
8/15/73
5/15/89-94 11/
Bond
4*
4-1/8* Bond
-
8/15/73
5/15/89-94 11/
3,597
Note
8/15/66-A
2/15/62
4,454
4,454
340
105
A*
2/15/67-B
3/15/63
4,287
721
91
"4*
4,287
8/15/67-A
9/15/62
5,282
5,282
716
il 32
32,139
32,139
6,746
3-3/4* Note
Total.
10/1/63
1-1/2* Note
lO/l/63-EO
10/1/58
506
10/15/63
2.969* Bill
10/15/63
10/15/62
2,500
r
3-1/8* Certificate
11/15/63-D
11/15/62
4,554
4-7/8* Note
11/15/63-C
11/15/59
3,011
3,011
7,565
7,565 18/
'1,591 of 3-7/8* Bond
3,894 of 4* Bond
1,260 of 4-1/8* Bond 11/
506
2,500 17/
4,554
3,823
731
542
2,470
3-7/8* Note
11/15/64
1/15/63
2,496
3-3/4* Note
8/15/64-E
8/1/61
5,019
4,365
Note
8/15/64-B
10/15/59
2,316
3-3/4* Note
11/15/64-F
8/15/63
6,398
3,201 12/
2,496 20/
694
(
239
Bond
4*
4-1/4* Bond
165
106
Bond
4*
4-1/4* Bond
278
158
Bond
4*
4-1/4* Bond
211
117
Bond
4*
4-1/4* Bond
-
8/15/70 11/
5/15/75-85 11/
654
53
Bond
4*
4-1/4* Bond
-
8/15/70 11/
5/15/75-85 11/
221
76
Bond
4*
^4-1/4* Bond
-
21/
4-7/8* Note
2-5/8* Bond
4-5/8* Note
11/1 5/64-
2/15/65
5/15/65-A
2/15/60
6/15/58
5/15/60
Total
4,195
4,682
2,113
'^^
24,723
^2,
[2,972
[
3-1/4* Certificate
2/WU.
3*
5/15/65-C
I
3.015* Bill
5*
Bond
1^4-1/8* Bond
I
Total
l/2?/64 6/
8/15/73
5/15/89-94 11/
3,597
{?14
Bond
2/15/64-A
2/15/64
2/15/63
2/14/58
6,741
6,741
1,634
r5,536
^1,082
124
666
728
240
8,012
363
1,634
(
8/15/70 11/
5/15/75-85 11/
-
-
8,376
8,376
3/23/64
3.537* Bill
3/23/64
10/15/63
2,001
4/1/64
1-1/2* Note
4/1/64-EA
4/1/59
457
457
3.062* Bill
4/15/64
4/15/63
2,501
2,501
Footnotes at end of table
2,001 8/
(Continued on following page)
8/15/70 11/
5/15/75-85 11/
223 of 4* Bond 11/
748 of 4-1/4* Bond 11/
'3-7/8* Note
-
Note
-
"3-7/8* Note
-
[4*
4*
8/15/70 11/
5/15/75-85 11/
8/15/70 11/
5/15/75-85 11/
Note
Total
V15/64
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
11/15/68
8/15/73
5/15/89-94 11/
-
11/15/60
3-5/8* Note
-
Bond
4-1/8* Bond
5/15/66
4*
l/15/6i
3-7/8* Bond
Bond
4*
_4-l/8* Bond
'3-7/3* Bond
Bond
4*
U-1/8* Bond
3-7/8* Bond
Bond
4*
4-1/8* Bond
3-3/4* Bond
9/15/63 6/
11/15/63
620
500
375
194
214
125
777
782
317
6,202 of 3-7/8* Note
1,810 of 4* Note 11/
8/13/65-D
8/15/66-A 11/
8/13/65-D
8/15/66-A 11/
July
1965
50
Treasury Bulletin
July
1965
51
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks,
Rolled over into a one-year bill (see Table 4).
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 6 and 7).
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
inccane tax purposes upon the exchange of the eligible outstanding
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, x^jon the securities surrendered in exchange
will be taken into account upon the disposition or redemption of the
new securities,. See also Table 5.
From March 20 through March 22, 1961, owners of 2-1/4/K bonds of June
15, 1959-62, 2-1/4^ bonds of December 15, 1959-62, 2-5/8^ notes
maturing Febrxiary 15, 1963, and 2-1/2/6 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.
Tax anticipation issue; for detail of offerings beginning 1961, see
Table 4; for amounts redeemed for taxes and for cash see "Note" below.
Holders of the maturing certificates and notes were not offered
pree^^)tive 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 4-3/8^ certificates and 3-5/85^ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 12 and 13).
Reopening of an earlier issue.
$1,569 million was redeemed for cash and $168 million was exchanged
for the tax anticipation bills dated March 23, 1%2 (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
A% 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 27 and 28).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/25K 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 I4, 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 45).
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
Source:
1/
2/
5/
6/
2/
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 allot12/
ments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 47 and 48).
20/ Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 50).
21/ From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4% notes and 5% notes), November 15,
1964 (3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-5/8% bonds),
and Ifey 15, 1965 (4-5/8% notes) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limitation. For allotment details see Table 4, footnote 52.
22/ 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 3-7/8% notes
offered in the amount of about $4.0 billion. For detail of offering,
see Table 4.
2}/ Excess of maturing 5% notes and 3-3/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 59 and 60).
Holders of the matxiring notes were not offered preen^jtive rights to
24/
exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 4% notes offered in the
amount of about $9 1/4 billion. For detail of offering, see Table 4.
25/ Excess of maturing 4-7/8% notes and 3-1/4% notes over allotments of
new securities on subscriptions from holders of those notes (see Table
4, footnotes 62 and 63).
26/
27/
p
Note:
Holders of the maturing bonds 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 4% notes offered in
the amount of about $2,170 million. For detail of offering, see
Table 4.
Excess of maturing 2-5/8% bonds over allotments of the new security
on subscriptions from holders of those bonds (see Table 4, footnotes
66 and 67).
Preliminary,
Information on retirement of tax anticipation issues referred to
in footnote 8, in millions of dollars:
Date of
retirement
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (^fonma^ketable)
Issued to Official Institutions of Foreign Countries
i
July
1965
I
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U.
S.
Dollars)
July
1965
.
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Serlep Securltlep (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. S. Dollars)
Amount
Month of
activity
Issue
date
Security
Maturity
date
Interest
rate
Retired
Total outstanding
end of month
(In millions of dollars)
May.
Certificates of indebtedness
June.
Source:
.
.
Certificates of indebtedness
Daily Treasury statement.
5/18/65
3/8/65
3/9/65
3/16/65
i/22/65
5/25/65
3/18/65
6/8/65
6/9/65
6/16/65
7/22/65
8/25/65
3/8/65
6/8/65
12/22/6i
6/22/65
3/22/65
6/22/65
3/30/65
6/30/65
6/30/65
6/30/65
6/8/65
9/8/65
6/22/65
12/22/65
6/22/65
9/22/65
6/30/65
9/30/65
9/30/65
9/30/65
3.90
4.00
3.95
3.95
3.95
3.90
i.OO
3.80
3.875
3.875
3.75
3.75
3.75
3.75
2.00
3.784
50
32
15
722
50
18
18
50
50
25
25
20
20
275
135
Information in this table covers transactions from inception through June 30, 1965.
1,132
July
57
1965
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarke table)
Issued to Official Institutions of Foreign Countries
.
..
,
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Amount
(Dollar equivalent)
Month of
activity
Issue
date
Payable
Security-
in
—
Maturity
date
Interest
rate
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
Italian lire
196A-April.
German marks
May ....
Bonds
Swiss francs
{
Bonds
July.
3/29/65
6/28/65
9/30/65
3.27
3.30
3.69
Vl/64
Vl/64
Vl/64
Vl/64
1/2V63
10/1/65
11/1/65
12/1/65
1/1/66
4/24/64
7/26/65
4.04
4.05
4.06
4.07
3.13
3.93
5/25/64
5/25/64
9/27/65
8/25/65
2.82
3.84
3.37
4/1/63
7/1/64
7/1/64
10/1/65
2.82
3.81
7/1/64
7/1/64
7/1/64
1/24/63
7/24/64
2/1/66
3/1/66
4/1/66
7/24/64
5/2/66
3.83
3.84
3.85
3.18
3.77
50
50
50
imu
Swiss francs
German marks
25
75
3/29/63
6/28/63
9/30/63
50
50
50
50
50
50
50
30
50
Swiss francs
8/4/64
9/7/65
3.67
52
Sept.
Bonds
Swiss francs
4/4/63
9/4/64
9/4/64
2/4/66
2.83
3.37
23
4/26/63
10/26/64
10/26/64
4/26/66
3.23
3.90
25
Swiss francs
10/31/63
10/30/64
3.54
Swiss francs
10/30/64
12/31/65
3.87
30
Bonds
German marks
10/30/64
6/1/66
3.90
50
German marks
2/14/63
11/16/64
11/16/64
7/1/66
3.09
3.93
50
5/16/63
"1^11/16/64
11/16/64
5/16/66
2.82
3.92
23
7/1/63
1/1/65
1/1/65
7/1/66
2.39
3.99
25
2/14/63
2/15/65
2/15/65
8/1/66
3.1A
4.04
50
2/23/65
8/23/66
4.09
25
25
I
1965- Jan....
Bonds
Bonds
German marks
iGe
I
Apr.
May,
.
.
Bonds
Bonds
.
June.
Source:
.
.
,
Bonds
Bonds
Daily Treasury statement.
Swiss francs
Swiss francs
]
Mar.
{
Austrian
schillings
Austrian
schillings
Swiss francs
Belgian francs
Austrian
schillings
f
3/3/65
9/6/66
4.11
1/20/64
4/20/65
4/20/65
7/20/66
3.61
4.02
5/16/63
5/16/65
5/20/63
5/20/65
5/16/65
5/16/67
5/20/65
5/22/67
3.26
4.08
3.22
4.09
"12/11/63
6/11/65
.
6/11/65
12/12/66
3.83
4.04
Information in this table covers transactions from inception
through June 30, 1965.
1,035
25
Certificates of indebtedness
Bonds
1,035
23
Bonds
I
Nov...
{
983
50
Bonds
Austrian
schillings
832
30
70
Aug
Bonds
762
30
.
1,086
.
1,086
50
23
25
\
1,086
50
1,112
1,137
23
23
}'• 137
20
20
10
1,137
10
25
25
1,137
July
1965
.
,
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price 2/
V
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Matured
noninterestbearing debt
Series E and H combined
Fiscal years:
1941-1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
Calendar years
1941-1956
1957
463
613
,670
,506
307
464
10,298
1,133
,421
1,331
,518
,656
543
1,386
1,458
1,502
,763
,507
,689
,320
,350
,539
,278
,760
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
1,161
1,174
1,194
1,254
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
3,982
4,154
3,794
732
755
797
886
6,114
6,045
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
4,736
4,987
97,625
5,649
5,867
5,489
5,574
5,832
5,650
6,164
6,101
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
4,841
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,061
4,122
783
727
883
794
703
754
733
424
382
357
325
338
67
94,761
5,746
5,831
5,680
5,501
5,717
5,753
5,904
721
731
742
754
833
40,929
41 ,498
42,142
42,716
42,715
43,806
44,955
46,359
47,737
48,795
:
1958
1959
1960
1961
1962
1963
1964
,609
1,491
Months
1964-July
August. .
September
387
364
358
1U
531
113
125
477
483
October.
November
December.
367
348
372
114
114
136
481
378
463
508
1965-January.
February.
March. . .
431
394
414
144
119
121
575
513
April
May
June
391
356
362
117
116
138
780
41,398
41,578
42,589
42,559
43,137
4^,485
45,499
47,106
48,366
:
.
Fiscal years:
1941-1956
1957
1958
31,683
268
937
402
61
331
396
331
66
490
417
394
345
381
96
340
78
68
365
74
535
458
462
408
440
364
Series F, G, J, and K combined
V
501
32,619
352
64
316
278
507
472
53
V
15,739
3,774
3,350
2,137
3,049 6/
1,188 2/
1,110 8/
53
72
77
15,239
3,605
3,235
2,063
2,921
1,129
1,059
722
400
333
500
169
116
565
410
16,692
3,982
2,318
3,122
1,646
1,058
909
434
383
August.. .,
September,
42
27
29
October. .
November.
December.
83
65
65
54
1959
I960
54
46
1961
32
27
22
46
32
27
22
18
18
15
15
980
74
32,833
1962
1963
1964
1965
Calendar years:
1941-1956
1957
31,853
98
1958
1959
I960
1961
1962
1963
1964
58
52
172
58
52
38
29
25
38
29
25
19
16
16
19
771
2/
426 2/
358
17,257
4,153
2,395
3,246
1,732
1,108
963
462
5/
74
128
59
51
49
27
24
47,844
47,938
48,019
48,123
48,254
48,366
48,452
48,547
48,624
48,670
48,733
48,795
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
1,563
1,248
312
335
331
303
257
222
196
lU
127
99
14,895
10,896
8,603
5,594
4,022
2,973
2,036
698
655
468
348
318
316
28
27
1,721
188
1,368
147
40
26
27
2
1,528
1,506
1,483
122
117
113
30
24
28
22
2
30
27
1,459
1,438
1,368
109
106
147
39
28
30
37
27
28
3
2
1,35?
1,334
1,311
126
116
27
25
25
25
24
22
2
1,289
1,268
1,248
106
102
6/7/
2/8/
8/2/
2/
171
77
125
86
50
55
681
Months:
1964^uly
1965-January,
February.
March. ...
.
April
May
June
Footnotes at end of Table 4.
(Continued on following page)
1
2
2
2
2
2
2
111
99
July
1965
61
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
(Continued)
(in millions of dollars)
Redemptions 1/
Period
Sales
1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
Total
^
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years
19i1-1956
1907
:
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,914
4,136
4,112
10,298
1,133
1958
1959
1960
83,176
3,875
3,802
3,598
3,632
1961
3,711
1962
1963
3,624
4,185
4,132
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
91,536
5,052
5,049
4,862
4,797
4,943
5,005
5,300
5,594
5,614
53,638
4,981
4,951
4,889
55,951
5,220
1,491
94,038
5,018
4,979
4,767
4,856
5,003
4,996
5,589
5,623
144
113
125
49,844
4,248
4,196
4,092
4,295
3,673
3,613
3,794
732
755
797
886
3,461
3,609
3,705
742
754
833
4,658
5,225
4,729
4,249
4,349
4,229
4,425
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
3,646
488
442
447
387
346
359
338
114
114
136
447
433
474
383
144
527
February.
March. . .
358
375
119
121
477
496
April ....
May
June
355
327
331
117
471
116
133
443
470
1958
1959
I960
1961
1962
1963
196i
1965
Calendar years :
1941-1956
1957
196/i
1,161
1,174
1,194
1,254
1,331
1,386
1,458
1,502
206
188
37,898
37,969
38,067
38,040
37,456
37,817
38,260
39,166
40,190
41,078
4,122
783
727
883
794
703
754
733
780
278
212
199
208
198
38,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
40,739
320
289
295
67
58
64
19
16
14
40,272
40,352
40,425
341
280
61
297
362
2U
53
15
12
40,517
40,640
40,739
5,181
4,394
4,343
4,203
4,363
4,538
721
731
201
188
219
191
Months:
1964-July
August . , ,
September
345
329
October,
November.
December,
333
318
1965- January.
Fiscal years :
1952-1956.
1957
1958
1959
1960
1961
„
1962
1963
196i
1965
321
3,225
694
782
818
704
775
747
6O4
3,225
694
782
818
704
775
747
604
521
521
297
66
13
457
383
361
96
21
311
72
16
40,789
40,866
413
336
77
17
40,932
425
367
400
347
78
16
40,962
300
325
68
74
15
14
41,023
41,078
194
196
236
217
322
233
260
298
373
449
194
196
236
217
322
233
260
298
373
449
277
248
3,031
201
188
219
191
206
188
3,529
4,075
4,676
5,259
5,989
6,695
7,193
7,546
431
431
3,587
3,587
631
631
277
248
887
722
718
828
654
575
477
887
722
718
828
654
575
477
198
198
294
267
235
287
328
416
294
267
416
278
212
199
208
198
42
35
37
36
43
37
36
43
19
16
14
7,571
36
42
35
36
October.
November.
December.
34
30
34
34
30
37
34
37
34
15
12
34
34
34
13
7,606
7,614
7,627
1965-January, ,
February,
March
48
48
33
21
7,662
36
39
36
39
34
44
33
34
7,681
44
16
17
April
May
June
36
36
36
41
16
15
7,707
7,711
40
U
7,716
Calendar years :
1952-1956
1957
1958
1959
I960
1961
1962
1963
1964
Months:
1964 -July
August. .
September,
Source:
29
29
36
41
31
31
40
Dally Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
235
287
328
Footnotes at end of Table 4.
7,716
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
7,627
7,586
7,594
7,692
...
.
Treasury Bulletin
62
.UNITED STATES SAVINGS BOKDS.
Savings Bonds
Table 4.- Redemptions of Matured and Unmatured
(In millions of dollars)
Matured
Period
Total 1/
Total
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965
Calendar years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
196i
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,5U
7,249
8,557
5,819
5,716
5,273
5,164
5,346
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
Series E
and H
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
1,938
254
5,021
5,252
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
2,171
Months:
1964-July
August.
September
466
410
431
175
181
168
157
155
148
October.
November.
December.
403
356
426
199
165
137
182
1965-January.
February.
March.
529
171
206
265
150
174
243
189
167
131
162
.
.
April
Hay
June
.
5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
446
488
489
433
464
U5
183
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,9U
1,633
1,656
1,617
1,889
U7
120
779
1965
July
63
.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 guaranteed by the U.S. Government
Interest-bearing securities issued
by the U.S. Government
Total
Federal
securities outstanding
1/
End of
fiscal
year or
month
Held by U. S. Government
investment accounts £/
Total
outstanding
Public
issues
Special
issues
4,163
51,025
51,065
51,360
52,023
53,556
87
444
605
812
589
167
165
159
139
14,137
43,658
33,593
213,825
162,089
51,735
741
184
55''
4,134
59,755
61,643
61,663
14,018
14,201
14,296
45,737
212,049
212,819
159, 92i
2U,109
160,544
161,550
52,125
52,274
52,558
820
847
885
164
47,367
35,051
35,164
35,350
161
172
656
687
713
4,330
4,465
4,488
311,217
314,023
313,553
60,355
60,996
60,437
14,098
14,332
35,709
36,774
37,044
215,153
216,253
216,073
162,527
163,523
163,264
52,627
52,730
820
833
162
171
657
662
14, 361
46,257
46,664
46,076
52,808
808
171
637
4,419
4,464
4,388
318,646
320,575
318,416
313,677
315,545
313,332
58,915
60,244
14,680
14,674
44,235
45,570
36,741
36,907
659
690
14,846
45,659
37,591
165,205
165,496
162,282
52,815
52,898
60,505
218,020
218,394
215,236
52,955
717
146
154
156
536
561
4,311
4,340
4,367
317,213
319,823
317,864
312,209
314,166
313,113
59,028
62,537
63,236
14,626
14,703
14,586
U,402
37,754
38,686
39,100
215,427
212,943
210,776
162,283
159,776
157,220
53,144
53,167
53,556
655
604
589
138
141
139
517
463
450
4,349
5,053
4,163
285,672
294,442
301,954
307,357
313,113
56,002
56,296
58,206
60,964
63,236
10,959
11,357
13,405
14,337
14,586
45,043
1963- December.
310,089
305,213
57,796
196^-July
August. .
September.
312,004
316,496
306,855
309,625
311,122
316,456
319,320
318,750
3U,938
U,899
U,939
47,
Ul
47,833
48,650
Dally 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.
For amounts
Includes certain debt not subject to statutory limitation.
subject to limitation, see page 1.
Includes accoxints under the control of certain U. S. Government agencies
Source:
2/
450
151,392
157,418
160,361
159,575
157,220
240
44,801
46,627
48,650
202,417
208,483
211,721
211,598
210,776
289,211
298, 6i5
306,466
312,526
317,864
1/
3,300
3,759
3,907
4,357
27,253
29,663
32,027
34,794
39,100
1961.
1962,
1963.
196^.
1965.
.
153
277
440
653
63
79
46,827
46,246
44,756
April.
May.
June.
60
2,042
1,646
2,873
3,090
106
101
110
139
8,674
9,596
9,799
10,360
.
2/
62,770
58,825
56,252
51,913
55,501
55,842
54,554
55,259
.
accounts
Held by
private
investors
2/
127,179
134,593
144,983
149,546
268,486
274,698
281,833
283,241
1965- January,
February
March
Held by
Total
0. S.
Government
outstanding investment
189,949
193,418
201,235
201,459
270,634
TJb,lM.
28i,817
286,471
October. .
November,
December,
Total
Public
marketable
issues
Public
nonmarketable
issues
Matured
debt
and
debt
bearing
no
interest
23,035
25,438
26,044
26,523
1957.
1958.
1959.
I960.
.
Held by
Federal
Reserve
Banks public
issues
V
Held by private
investors ^Z
^/
4/
50
56
54
46
47
513
whose investments are handled outside the Treasury.
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.
Consists of guaranteed securities held outside the Treasury. All are
public marketable Issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts and Other Accounts Handled by the Treasury 1/
C
a
. ,
...
«
a
Treasury Bulletin
64
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/ in illlions of dollars)
Held by private nonbank investors
Held by banks
Total
Federal
securities
outstanding 2/
End of
month
1939-Dec
i7,6
1946-Feb. 2/-Deo
279.8
259.5
U.
CommerFederal
cial
Reserve
banks
Banks
2/
15.9
93.8
74,5
S.
Government investment
accounts
Individuals ^/
Savings bonds
Total
Series
E and H
2.5
22.9
23.3
6.5
28.0
30.9
1.9
22.7
135.1
130.7
other
secuOther
series ^/ rities
64.1
64.2
30.8
30.3
12.5
13.9
8.2
20.8
20.1
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
and international
7/
6.3
3.1
2.2
.4
.2
24.4
24.9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
3.5
4.3
2.1
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
1951-Jttne.
Dec.
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
19 52- June.
259.2
267, i
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
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
13.6
21.5
12.0
12.7
5.7
5.9
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
19 5 5- June.
27/1,4
Dec.
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
1956-June.
272,8
276,7
57.3
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
l-i.g
59.5
8.7
15.4
13.6
13.2
8.4
8.0
17.7
19.1
16,1
16,3
7.9
7.8
270.6
275.0
56.2
59.5
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
16.8
18.6
16,8
16,6
7.6
7.6
..
276,4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
63.7
63.0
42.1
42.5
5.9
5.2
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
16,3
16,5
6.5
7.7
1959-June.
Deo...
284,8
290,9
61.5
60.3
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
i960- June..
..
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
143.3
145.9
63.1
64,4
43.6
44.2
2.5
2.2
17.1
17.9
11.4
11.4
6.3
6.1
20.0
20.0
19.3
19,0
12.7
13.4
1962- June.
298,6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
64.2
64.5
44.6
45.1
2.0
1.8
17.5
17.6
11.4
11.5
6.3
6.1
19.7
20.2
20.1
20.1
14.1
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
30.3
30.6
31.0
31.2
31.3
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
11.6
11.5
11.3
17.6
17.0
17.0
17.6
17.6
18.0
11.
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21,1
21,7
20.8
21.1
22.4
20.3
20.6
21.4
19.7
20.4
21.6
20.6
20.4
58.3
57.2
57.7
58.0
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
17.9
17.9
18.5
32.0
32.5
32.4
32.6
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.4
154.0
154.7
154.3
64.9
65.1
65.7
64.9
64.4
63.3
61.7
63.0
63.2
62.3
64.3
54
55
55
54
57
58
57
58
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16,0
15.9
16.0
15.9
62.9
62.2
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
56.5
57.5
57.6
56.1
59.4
61.1
59.9
157.2
158.3
157.4
I53.Q
158.7
156.4
157.7
66.9
67.3
61.8
61.8
60.5
61.2
60.6
158.
157.
46.8
46.9
47.0
47.1
47.2
47.3
47.4
47.5
47.6
47.7
47.8
47.9
1.3
1.3
1.3
1.2
1.2
1.2
1.2
1.1
1.1
1.1
1.1
1.0
21.8
22.7
21.4
21.8
22,5
20,2
20,5
20.5
19.1
20.2
20.1
19.7
22.6
2,\3
22.2
21.9
21.6
15.6
15.8
16.0
16.3
16.3
16.6
16.7
59.1
60.4
160.3
162.0
160.2
161.1
160.6
48.0
48.1
48.2
48.2
48.3
1,0
1.0
1.0
20.7
21.4
20.1
20.1
20.8
22.4
23.1
23.2
24.0
24.1
16.5
16.6
16,0
16,0
15.9
19 50- June.
Dec
1953-June.
Deo..
1954-June.
Dec.
Deo.
1957-June.
Dec.
1958-June..
Dec
Dec.
Deo...
1963-Jan.
Feb...
Mar...
Apr .
May...
June.
July..
.
.
Aug.
Sept..
Oct...
Nov, .
Dec...
.
196A-Jan...
Feb.
Mar.
Apr.
May...
June,
July..
Aug,,.
Sept,.
Oct,,.
Nov.
.
.
.
.
Dec,
1965-Jan,.
Feb,..
Mar...
Apr
May p.
.
.
309.3
311.1
310.4
308.4
312.3
3L2.5
312.0
61.6
61.1
60.0
60.2
3U.9
59.3
60.0
316.5
316.5
319.3
318.7
61.8
62.1
63.4
63.7
318.6
320.6
318.4
317.2
319,8
62.5
61.3
60.0
59.2
57.9
32.8
33.7
33.6
37.0
36.7
36.9
37.6
37.8
38.7
60.7
59.2
62.7
158.2
158.0
157.4
64.4
64.4
65.2
65.4
65.8
66,0
66.2
66.2
67.91
67.1
67.4
67.5
67.8
67.5
68.0
68.2
67.9
68.2
68.6
68.9
69.0
68.9
1.0
.9
Source:
1/
2/
2/
Office of Debt Analysis in the Office of the Secretary.
United States savings bonds, Series A-F and J, are included at
current redeniption value.
Securities Issued or guaranteed by the D. S. Government, excluding
guaranteed securities held by the Treasury.
Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
y
6/
2/
8/
2/
18.1
18.3
18.2
18.
11.1
11.0
11.1
11.1
11.2
11.2
11.3
11.3
19.6
18.8
19.0
19.0
19.3
18,9
19.3
19.4
19.0
19.2
11.3
11.3
11.2
11.0
11.0
10.9
10.9
11.0
11.2
11.2
11.2
11.1
5.9
6.0
6.1
6.0
6.0
6.0
6.0
6.0
6.0
5.8
5.7
19,5
19.7
19,9
19,8
19.6
11.3
11.2
11.1
11.0
10.9
5.8
5.9
6.0
19.1
5.7
5.8
5.8
20.4
20.6
21.2
21.2
21.5
21,4
21,6
21.2
20.9
20.6
21.1
21.2
21.41
21.7
22.6
22.6
22.9
22.3
5.3
15.3
15.9
15.9
15.6
15.3
15.4
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance con^sanies.
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.
p
Preliminary.
•
July
65
1965
.TREASURY SUKTEY OF OWNERSHIP, MAY 31, 1965
The monthly Treasury Survey of Ownership covers securities issued by the United States Government and by FedThe banks and insurance companies included
eral agencies.
in the Survey currently account for about 90 percent of all
The similar
such securities held by these institutions.
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governments,
Data were first published for banks and in70 percent.
surance companies in the May 19^1 Treasury Bulletin, for
Section
I
-
corporations and savings and loan associations in the September 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
published for June 30 and December 31. Holdings by corporate pension trust funds 'are published quarterly, first
appearing in the March 195-1 Bulletin.
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
i
Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Classification
Interest-bearing securities:
Public marketable
Public nonmarketable 6/,,..
Special issues
Total interest-bearing
securities
It
i
Matured debt and debt bearing
nn interest «/
Insurance companies
501
5,983
commercial
banks
mutual
savings
banks
2/ 3/
2/
211,558
55,379
47,833
48,518
314,770
48,714
195 2/
296
life
482 fire,
casualty,
and
marine
?,653
105
4,799
212
4,392
5,758
5,011
4,460
488
savings 469
and loan corpoassocia- rations
tions
State and local
governments 4/
316
general
funds
^.,
other
investors ^/
11,107
116
6,257
188
51,216
2,211
47,833
66,437
3,802
9,440
11,223
6,445
101,260
118,657
319,823
Footnotes at end of Table 4.
Table 2.- Summary of Interest-Bearing Public Marketable Securities
Classification
all
=5,438
2
5,053
(Par values - in millions of dollars)
S.
,741
61
Total securities issued or guar-
anteed by U. S, Government
Held by
Government invest191
pension ment accounts
Federal
and re- and
tirement Reserve Banks
funds
D.
52,220
Treasury
66
.TREASDRy
SDWEY OF OWNERSHIP, MY
31, 1965
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
BuUetim
July
67
1965
.TREASDRT SXJWEI OF OWNERSHIP, MAY 31, 1965
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest -Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments ^/
Insurance companies
Total
amount
outstanding
Issue
5,983
commercial
banks
501
mutual
savings
banks
482 fire,
296
life
casualty,
and
marine
S/ 2/
Treasury bonds - (Continued)
Feb.
1980
4$
1980
3-1/2 Nov.
1985
3-lA May
1987-92...
Aug.
i-l/i.
1988-93...
Feb.
4
1989-94.
4-1/8 May
Feb.
3-1/2
1990
Feb.
1995
3
3-1/2 Nov.
1998
2,609
1,913
1,127
3,818
250
Guaranteed securities 2/-
•
•
tions
2
3,852
5,862
16,011
31,285
26
141
101
6,257
51,216
66,437
77
988
109
905
28
80
22
27
32
145
50
41
7
84
3,5U
3,047
47
113
93
211,558
48,518
5,653
4,799
34
205
115
170
48
5
1
76
Total public marketable
seciirities
3,741
4,392
^
1,345
11
604
other
investors
465
1,138
158
897
2
4,U9
all
37
345
162
259
34
4,531
pension
and retirement
funds
Held by
869
266
209
954
93
328
738
1,329
677
25
106
155
77
191
316
general
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
353
129
186
779
34
499
962
308
990
57
45
25
187
28,577
421
6
19
125
50
469
corporations
176
412
139
278
102,503
2,300
4,423
Total Treasury bonds
83
131
40
205
6
25
380
114
505
1,560
4,902
.
70
86
70
488
savings
and loan
associa-
9,438
11,107
726
705
182
757
58
Footnotes at end of Table 4.
Table 4.- Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
Held by investors covered In Treasury Survey
State and local
governments
Insurance companies
Total
amount
outstanding
5,983
commercial
banks
2/i/
n. S. savings bonds; 6/
Series E
501
432 fire,
mutTial
savings
banks
2/
296
life
casualty,
and
marine
Series H
Series J and K.
41,023
7,711
1,268
13
Total U. S. savings bonds
50,002
13
Other U. S. securities;
Certificates of indebtedness;
Foreign Series
Foreign Currency Series
Treasury certificates
Treasury notes. Foreign Series
Depositary bonds
Treasury bonds;
Foreign Series
Foreign Currency Series
R. E. A. Series
Investment Series A
Investment Series B
Other
n, S, retirement plan bonds...
Total other U. S. securities..
Total public nonmarketable
securities
1/
2/
2/
V
^
6/
488
savings
and loan
associations
^
469
corporations
191
316
general
funds
25
3
15
26
19
1
1
20
pension
and retirement
funds
n. S. Govern-
ment investment accounts
and Federal
Reserve Banks
1,182
49,906
368
129
150
129
150
61
7/
204
204
1,137
27
82
381
2,901
9
126
46
10
45
5
36
6
33
17
153
100
2,104
1,137
27
62
218
9
11_
11_
55
5,377
55,379
^
41,020
7,703
368
61
Held by
all
other
investors
105
Includes public debt not subject to statutory limitation. For amount
subject to limitation, see page 1
Excludes trust departments.
Includes trust companies and, beginning with figures for July 1949,
also includes stock savings banks. Previously, those banks were reported as a separate classification,
New series; see March 1964 Treasury Bulletin, page 70.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey.
United States savings bonds. Series E and J, are reported to the
Treasury Survey at maturity value but have been adjusted to current
redemption value for use in this statement.
68
7/
8/
9/
10/
11/
12/
13/
*
61
116
2,204
2,314
2,211
52,220
Includes $18 million depositary bonds held by commercial banks not
Included in the Treasury Survey.
Holdings by reporting investors not available.
Guaranteed securities are those held outside the Treasury.
Excludes $998 million of bills maturing May 31, 1966 for which settlement was made June 1, 1965. Ownership distribution is not
available by investor classes.
Includes only publicly offered issues.
The proprietary Interest of the United States In these banks ended
in July 1951
The proprietary interest of the United States in these banks ended In
June 1947.
Less than $500,000.
Treasury BuUeth'i
68
.TREASDRI SUHVEX OF (DWNERSHIP, MAY 31, 1965
Section II
Interest -Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)
:
Footnotes on preceding page.
July
1965
69
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1965
Current market quotations shown here are over-thecounter closing bid quotations In the New York ma.rket
The securities listed Include all regularly quoted public
marketable securities Issued by the United States Treas-
the last tr&dlng day of the month, as reported to
Treasury
by the Federal Reserve Bank of New York.
the
ury.
ifor
Outstanding leeues which are guaranteed by the United
States GoverrjDent are excluded.
70
Treasury Bulletin
July
1965
71
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1965.
O
o
r^
o
o
o
ID
O
M
lO
Ki
O
o
cj
s
,..
.
.,,
s
s
s
s
s
Treasury Bulletin
72
I
AVERAGE YIELDS OF LONG-TERM BONDS.
T'ible 1.-
Average Yields of Treasury and Corporate Bonds by Periods
t
Period
Percent per annum)
Treasury-
Period
corporate
bonds
bonds 1/
s Aaa
corporate
bonds
Moody'
Moody' s Aa
Treasury-
bonds 1/
Moody' s Aa
corporate
Treasury
bonds 1/
Period
bonds
Annual series - calendar year averages of monthly series
2.83
2.73
2.72
2.62
2.53
2.61
2.82
2.66
2.46
2.47
2.48
2.37
2.19
2.25
2.44
2.31
1942.
19i3,
19W.
19«.
1946,
1947.
1948.
1949.
1957
3.79
3.43
4.08
4.02
1958,
2.62
2.86
2.96
3.20
2.90
3.06
3.36
3.89
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1950.
1951,
1952,
1953,
1954,
1955,
1956,
1959
I960
1961
1962,
3.90
3.95
1963
1964
4.00
4.15
4.38
4.41
4.35
4.33
4.26
4.40
Monthly series - averages of daily series
Moody
Aaa
corporate
bonds
Moody'
Period
Treasury
bonds 1/
Treasury
bonds 1/
4.08
4.09
4.01
3.89
3.88
3.90
4,42
4,42
4,39
4,33
4.28
4,28
4.15
4.14
4.18
4.20
4.16
4.13
4.37
4.36
4.38
4.40
4.41
4.41
3.28
3.43
3.56
3.59
3.69
3.75
3.36
3,6c
3,75
3,76
3.70
3.67
3.85
4.09
4.11
4.09
4.08
3.86
4.41
4.28
4.25
4.30
4.31
4.35
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4,35
4,32
4,28
4.25
4.24
4.13
4.14
4.16
4.16
4.12
4,14
4.40
4.41
4.42
4.42
4.43
4.44
3.77
3.67
3.66
3.67
3,74
3,91
3.91 2/
3.92
3.92
4.01
3.89
3.81
3.78
3.80
3.73
3.88
4.32
4.27
4.22
4.25
4.27
4.33
3.89
3.92
3.93
3.97 2/
3.97
4.00
4.21
4.19
4.19
4.21
4,14
4,16
4.08
4.09
4.12
4,14
4,13
4.23
4.37
4.46
3,90
4,10
4.11
4.10
4.26
4.11
4.12
4.27
4.47
4.43
4.52
4,57
4.56
4.58
3.90
4,00
4.41
4.45
4.45
4.42
4.39
4.42
4.01
3.99
4.04
4.07
4.11
4,14
4.26
4.29
4.31
4.32
4.33
4.35
2.89
2.87
2.89
2.87
2.89
2.90
3.00
3,17
3,21
3.20
3.30
3.40
2.93
2.99
3.02
3.01
3.04
3.05
3,34
3,22
3.26
3.32
June
1
1955
2.68 2/'
2.78
2.78 2/
2.82
2.81
2.82
July
August. . .
September.
October.
November,
December,
2.91
2.95
2.92
2.87
2.89
2.91
3.06
3.11
3.13
3.10
3.10
3.15
3,60
3,63
3,66 2/
3,73
3.57 2/
3.30
May
.
Treasury
bonds 1/
3,11
3.80
1957
3.40
3,58 1/
y
Moody' s Aaa
corporate
bonds
y
3.79
3.84 2/
3.91
3.93
3.88
4,12
4.10
4.08
3.81
y
Treasury
bonds
4,02
3,98
3.98
4.06
y
1965
1963
1961
1959
Moody's Aa
corporate
bonds
Weekly series - averages of daily series for weeks ending
1965-January
bonds
1964
1962
4.61
4.56
4.49
4.45
4,46
4.45
y
January. .
February.
March
April
Aaa
corporate
4,37
4,22
4,08
4,18 2/
4,16
3.98
2.47
2.48
2.52
2.54
2.57
2.59 2/
.
Treasury
bonds 1/
3.60
3.59
3.63
3.60
3.57
3.57
3,08
3.10
3.24
3.28
3.27
July
August. . .
September.
October.
November.
December.
Moody'
'
Treasury
bonds 1/
I960
1958
2,88
2.85
2.93 2/
3.07
2.97
2.93
.
Moody
Aaa
corporate
bonds
'
Treasury
bonds 1/
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.06
2.95
2.86
2.85
2.88
2.90
2.69
2.62
2.53
2.48
2.54
2.55
.
Moody
Aaa
corporate
bonds
'
Treasury
bonds 1/
1956
1954
January
February.
March
April
May
June
Moody
Aaa
corporate
bonds
'
Aaa
corporate
bonds
Period
4.22
4.23
4.15
4,15
4,14 2/
4.U
Treasury
bonds 1/
4.43
4.41
4.42
4.43
4.44
4.46
s Aaa
corporate
bonds
Moody'
i
!/% 1965
73
AVERAGE YIELDS OF LONGwTERM BONDS
lO
CO
o
o
CD
UJ
o
Q.
o
o
o
z
<
o
UJ
1
-
. ..,..
.
,
Treasury Bulletin
74
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
Gold
certificates 2/
Treasury
notes of
1890
Silver
certificates
United
States
notes
Federal
Reserve
notes
Federal
Reserve
Bank
notes
National
bank
notes
33
32
31
30
2,162
2,200
2,155
2,127
321
317
316
318
26,329
26,342
27,029
27,094
133
IZ)
110
100
62
32,065
29,040
29,071
29,699
29,726
32,405
33,770
35,470
37,734
29,943
31,117
32,592
34,529
30
29
20
19
2,094
2,009
1,847
1,723
318
318
92
54
319
321
27,353
28,622
30,292
32,356
1963- December.
37,692
34,662
20
1,877
321
32,331
1964- July
August. .
September,
37,835
38,014
38,166
34,612
34,765
34,881
19
19
19
1,659
1,625
1,573
319
321
320
32,506
32,690
32,860
73
73
72
36
36
35
October.
November.
December.
38,373
39,248
39,619
35,051
35,889
36,214
19
13
13
1,460
1,357
1,232
317
297
299
33,147
34,128
34, 577
72
36
23
23
1965- January.
February.
March
38,540
38,593
38,816
35.104
35,124
35,296
13
13
13
1,121
1,057
988
296
299
33,588
33,666
33,904
38,760
39,207
35,193
35,599
13
13
922
877
299
303
33,868
34,315 6/
1957
1958
1959
I960
31,082
31,172
1961
1962
1963
1964
31,
.
April
May
9U
V
y
Coin
End of fiscal
year or month
1957
1958
1959
I960
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
59
57
56
85
53
78
73
37
36
76
37
71
70
22
22
22
70
70
69
22
22
Money in
circulation
per capita
(in dollars) 7/
2,042
2,101
2,215
2,338
253
268
285
305
1,315
1,346
1,415
1,484
474
487
514
549
181.52
179.08
180.20
177.47
1964
2,462
2,652
2,878
3,205
329
360
411
482
1,548
1,663
1,790
1,987
585
629
676
736
176.45
180.98
187.40
196.46
1963- December.
3,030
452
1,872
706
197.54
1964-July
August
September.
3,223
3,249
3,285
482
482
482
2,000
2,021
2,048
741
747
755
196.74
197.42
197.95
October. .
November.
December.
3,321
3,359
3,405
482
482
482
2,077
2,109
2,147
763
768
776
198.78
203.09
204.79
1965- January.
February.
March
3,435
3,468
3,520
482
482
482
2,172
2,198
2,239
782
788
799
198.99
199.09
200.05
3,566
3,608
482
482
2,275
2,310
809
199. 58r
816
201.67
,
,
1961
1962
1963
.
.
.
.
April
May
Source:
1/
2/
Circulation Statement of United States Money.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
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 Januaj^ 30
1934; silver oei tif icates, United States notes. Federal Reserve
Bank
notes, and national bank notes all issued before
July 1, 1929- Federal
Reserve notes Issued prior to the series of
1928; and Treasm4 notes
of 1890. Accordingly, the Secretary of the
Treasury has determined
3/
4/
1/
6/
7/
*
r
that the following paper currencies have been destroyed or irretrievably lost and so will never be presented for redemption:
On October
20, 1961, $1 million of Treasury notes of 1890; on August 27, 1962,
million
of
gold certificates, $15 million of silver certificates,
|9
$18 million of Federal Reserve notes, $1 million of Federal Reserve
Bank notes, and $15 million of national bank notes; and on November
16,
1964, $6 million of gold certificates, $14.5 million of silver certificates, $100 thousand of Treasury notes of 1890, $24 million
of
United States notes, $14 million of Federal Reserve notes, $1 million
of Federal Reserve Bank notes, and $13.5 million of national
bank
notes.
Issued prior to January 30, 1964.
Highest amo\int to date.
Includes $427 thousand issued before July 1, 1929.
Includes $4 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 as Puerto Rico, Guam, and the Virgin Islands).
Beginning with
fiscal 1959 the estimates include Alaska, and with
fiscal I960, Hawaii.
Less than $500,000.
Revised.
July
1965
75
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
.
. .
,
.
.
Treasury Bulletin
76
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held in Treasury
End of calendar
year or month
In Treasurer's accoxmt
Securing silver certificates 1/
Silver
bullion 4/
Silver outside
Treasury
Silver
dollars 1/
Subsidiary
coin 2/
Total
silver
at $1 .29+
per fine
ounce
Silver
bullion 2/
Silver
dollars
1957
1958
1959
I960
2,212.9
2,245.0
2,251.4
2,252.1
219.0
202.7
182.3
161.2
8.2
14.9
3.2
2.6
92.3
148.3
127.4
38.2
269.3
285.4
305.5
326.5
1,402.6
1,446.2
1,513.4
1,576.0
4,185.4
4,362.5
4,382.7
4,375.6
1961
2,237.5
2,139.1
1,981.5
1,538.8
130.1
3.6
3.4
3.7
4.7
24.2
29.7
18.0
11.8
357.3
392.5
456.3
481.8
1,650.5
1,756.0
1,887.2
2,161.2
4,308.6
4,318.2
4,265.7
4,067.6
1964- July
August. .
September
1,819.1
1,788.0
1,734.4
2.9
2.9
2.9
19.0
19.2
18.9
481.8
481.8
481.8
2,008.5
2,032.6
2,056.4
4,214.1
4,207.3
4,179.2
October . .
November .
December.
1,648.9
1,591.3
1,538.8
2.9
3.0
3.0
18.6
15.4
11.8
481.8
481.8
481.8
2,088.3
2,121.1
2,161.2
4,121.7
4,090.1
4,067.6
1965- January.
February.
March
1,488.1
1,447.2
1,388.6
3.0
14.4
2,192.4
2,221.1
2,260.6
4,053.1
4,041.8
4,032.4
April
May
1,354.6
1,293.0
3.0
2,297.9
2,331.8
4,016.2
4,006.5
1962
1963
1964
.
Source:
1/
2/
Subsidiary
coin 2/
94.0
28.5
3.0
3.0
3.0
3.0
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.
9.4
11.9
7.2
31.4
481.8
481.8
481.8
7.4
14.8
14.2
481.7
27.5
481.7
15.0
2/
4/
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
1965
July
77
.EXCHAMGE STABILIZATION FUND.
Table 1.- Balance Sheets as of June 30, 1964,
and March 31, 1965;
June 30, 196i
March 31, 1965p
Assets:
Cash:
Treasurer of the United States, checking account.
Federal Reserve Bank of New York, special account.
Imprest fund
t366, 183.97
$1,100,934.91
500.00
500.00
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Banco Central de la Republica Argentina.
Oesterreichische Nationalbank
Banque Nationale de Belgique
Banque Nationale de Belgique (I.M.F.)...
Banco do Brasil
Bank of Canada
Bank of Canada (I.M.F.)
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank (I.M.F.)
Banco Central de la Republic Dominicana.
Bank of England
Banque de France
Banque de France (I.M.F.)
Banca d' Italia
Banca d'ltalia (I.M.F.)
De Nederlandsche Bank
De Nederlandsche Bank (I.M.F.)
Sveriges Riksbank
Sverlges Riksbank (I.M.F.)
Banque Nationale Suisse
Bank for International Settlements
$366,683.97
$1,101,434.91
161,614,526.20
74,993,962.17
30,100,000,00
2,470,800.00
3,931.62
16,020.69
11,412.09
23,840,000.00
575,742.68
25,000,000.00
22,175,000.00
3,523,570.93
16,787.34
6,250,000.00
3,518,735.61
25,340,000,00
568,653.64
17,400,000.00
1,654,587,89
17,409.81
3, 495, 856.
1,427,033.68
63,681.37
514,833.17
63,681.37
25,000,000.00
655,863.43
153,730.43
21,175.47
27,759.32
2,399,824.05
317,064,490.54
49,772,557.59
729,074,853.67
54,979,072.11
Accrued interest receivable
745,646.91
105,209.04
Accrued interest receivable - foreign agreements.
385,847.82
30,134.26
4,952.77
Investments in:
U, S, Government securities.
Foreign securities
Accounts receivable
Deferred charges
Office equipment and fixtures
Less allowance for depreciation.
96,364.50
iO,i55.30
Land and structures.
Total assets.
42,991.06
16,122.93
191,261.90
191,261.90
55,909.20
106,864,30
47,344.49
59,519,81
150,000.00
150,000.00
611,158,239.18
976,244,241.11
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
En^iloyees' payroll allotment account, U. S. savings bonds.
Miscellaneous
Total accounts payable
495,185.71
333,239.39
Special deposit accounts
Advance from U. S. Treasury (U.
8,636.91
3,686,01
482,862.79
3,593.62
329,645.77
S.
drawings on I.M.F.).
Capital account
Deduct subscription to International Monetary Fund.
2,000,000,000.00
1,800,000,000.00
5,730,956.25
12,500,000.00
250,000,000,00
598,000,000.00
200,000,000.00
2,000,000,000.00
1,800,000,000,00
200,000,000,00
Net income (see Table 3)
155,094,093.54
165,249,055.40
Total liabilities and capital.
611,158,289,18
976,244,241.11
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
in the Treasury Bulletin.
1/
2/
p
Excludes foreign exchange transactions for future and spot delivery.
For contingent liabilities under outstanding stabilization agreements,
see Table 2,
Preliminary.
.
Treasury Bulletir
78
.EXCHAN&E STABILIZATION FUND.
Table 2.- Current United States Stabilization Agreements, March 31, 1965
Date of agreements
Country
Original
(Effective)
Expiration
Original
agreement
Advances
(
Argentina.
Brajil..
June
1962
16,
I^Feb. 23,
1961
1965
/May
.
Jan. 31, 1963
Mar, 13, 1964
Feb. A, 1965
Chile.
Dominican Republic.
^Aug. 10, 1964
Mexico
1/
7,
Jan.
1,
1964
Mar.
27,
1963
Oct.
Repayments
In millions)
1963 1/
$50
$50
t47.5
1963 1/
Jan. 12, 1966
70
130
106.2
May
6,
15,
Jan.
Feb.
Jan.
30, 1964 1/
4, 1965 1/
5,
1966
Aug. 10,
1965
Deo.
1965
31,
53.7
10
15
16.1
10
12
5.4
6.3
6.3
5.2
75
No further drawings permitted after expiration.
Table 3.- Income and Expense
Classification
January 31, 1934 through
June 30, 1964
January 31 1934 through
March 31, 1965p
,
Income;
Profits on transactions in:
Cold and exchange ( including profits from
handling charges on gold)
Sale of silver to U.
S.
Treasury
Silver
Investments
Miscellaneous
$138,507,284.87
$137,970,255.25
3,473,362.29
3,473,362.29
102,735.27
102,735.27
2,638,546.28
2,638,546.28
117,155.70
129,831.06
Interest on:
Investments
Foreign balances
31,433,158.99
42, 211, U8. 55
16,200,776.18
19,110,053.85
192,473,019.58
205,636,232.55
28,474,358.64
30,805,048.15
1,748,056.96
1,929,487.95
2,169,165.65
2,311,502.31
871,452.39
926,089.55
235,071.78
259,276.96
Total income
Expense;
Personnel compensation and benefits
Travel
Transportation of things
Rent,
communications, and utilities
Supplies and materials
Other
3,880,820.62
4,155,772.23
37,378,926.04
40,387,177.15
155,094,093.54
165,249,055.40
Total expense
Net income
p
Preliminary.
July
1965
79
,
INTERNATIONAL FINANCIAL STATISTICS
Table 1.- 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
Treasury
Total 2/
Foreign
currency
holdings 2/
1953
1954
1955
1956
1957
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958
1959
I960
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
1963
1964
15,808
15,903
15,513
15,388
15,596
15,471
212
432
1964- June
116
99
15,805
15,461
15,623
182
July
August.
September
October.
November.
December.
15,840
15,890
15,870
15,702
16,324
15,903
15,462
15,460
15,463
15,461
15,386
15,388
15,629
15,657
15,643
15,606
15,566
15,471
211
233
227
1965- January.
February,
March, .
15,572
15,220
15,129
15,185
14,937
14,563
15,208
14,993
14,88/.
14,410
14,290
13,934
.
.
April...
May
June p. ,
14,511
14,595
The United States also has a gold tranche position in the International Monetary Fund, amounting to $907.8 million as of June 30, 1965.
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to this amount from the Fund virtually automatically if needed. Under appropriate circumstances, the
United States could draw additional amounts equal to the United States
quota of $i,125 million.
In addition, the United States has a $258.8
million gold claim on the Fund arising from a gold subscription to the
Fund in June 1965, for a U.S. quota increase which has not yet become
effective.
Includes gold sold to the United States by the International Monetary
H,480
404
14,362
14,049
U9
2/
p
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in "Circulation Statement of United States
Money," See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
Amount outstanding
Payable in foreign currencies
Total
Austria
Belgium
Germany
546
1960.
2/
Table 2«- U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
End of calendar
year or month
364
227
490
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in D.S. Government securities; as of June 30, 1965>
this amounted to $800 million.
Of this amount, the United States purchased $200 million in ]956, $300 million in 1959, and $300 million in
Note:
1/
U,639
96
758
432
Italy
Switzerland
.
Treasury Bulletin
80
INTERNATIONAL FINANCIAL STATISTICS
Table 3.- U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
net sales by the Onited States; positive figures, net purchases
(In millions of dollars at $35 per line troy ounce; negative figures represent
July
1965
81
.INTERNATIONAL FINANCIAL STATISTICS-
Table 4.- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
(Position at end of period in millions of dollars)
1963
Area and country
Gold and
shortterm
dollars
Western Europe:
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Republic of
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
901
1,791
253
160
4,653
6,884
265
3,U6
1,961
164
688
778
591
3,726
136
3,967
369
Total Western Europe
30,433
Canada
Latin American Republics:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama, Republic of
Peru
Uruguay
Venezuela
Other
453
329
186
231
12
808
129
215
284
992
424
Total Latin American Republics
4,063
Asia;
India
Indonesia
Japan
Philippines
Thailand
Other
293
83
2,773
237
486
1,687
Total Asia
5,564
Africa:
South Africa
United Arab Republic (Egypt)..
Other Africa
Total Africa
Other countries
Australia
Other 3/
:
Total other countries
Total foreign countries
International and regional
Grand total
^
.
U.S. Gov-
ernment
bonds
and notes
Treasury Bulletiv
82
.INTERNATIONAL FINANCIAL STATISTICS.
Table 5.- Liabilities to Foreign Official Institutions and International
and Regional Organizations 1/
(In millions of dollars)
1963
1965
1964
Area
Dec.
Western Europe 2/
7,867
Canada
l,66i
Latin American Republics
1,058
Asia
2,731
Africa
15i
Other countries 2/
176
Total foreign countries..
International and regional. 4/.
Grand total
13
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
p
May p
,
1965
July
83
CAPITAL MOVEMENTS
"Short-term" refers to obligations payable on demand
Background
Data relating to capital movements between the United
or having an original maturity of one year or less, without
States and foreign countries have been collected since 1935,
deduction of any offsets.
pursuant to Executive Order 6560 of January 15, 193ii, Execu-
having an original maturity of more than one year, and in-
tive Order 10033 of February 8, 194-9, and Treasury regulations
promulgated thereunder.
Information on the principal types of
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
data and the principal countries is reported monthly, and is
published monthly in the "Treasury Bulletin."
information is published less frequently.
Supplementary
Reports by banks,
securities brokers and dealers, and nonfinancial
bankers,
"Long-term" refers to obligations
capital movanents between the United States and foreign
The data reported to and published ty the Treasiuy
countries.
Department exclude entirely the intercompany capital trans-
business concerns in the United States are made initially to
actions of business enterprises in the United States with
the Federal Reserve Banks, which forward consolidated figures
their own branches and subsidiaries abroad or with their for-
These statistics are consolidated by the
eign parent companies; such transactions are reported by
to the Treasury.
Treasury and published as promptly as possible.
business firms to the Department of Commerce.
Data on the
The reporting forms and instructions used in the collec-
capital transactions of -the United States Government and on
tion of the statistics have been revised a number of times.
shipments and receipts of United States currency are also
The most recent revision became effective with reports' covering
excluded from the Treasury reports
data as of May 31, 1963.1/
actions not effected through reporting institutions, such as
conten-t of the statistics,
A
detailed description of the
incliiding the changes instituted,
.
Certain capital trans-
securities transactions carried out entirely abroad, are not
appeared in the J\ily 1963 issue of the "Treasury Bulletin,"
recorded in the Treasury reports.
pages 79-81.
types of capital transactions are published by the Department
As a result of changes in presentation intro-
Consolidated data on all
duced in that issue, not all breakdowns previously published
of Commerce in its regular reports on the United States
will be exactly comparable to those now presented.
balance of payments
Basic definitions
The liabilities data exclude nonnegotiable, noninterest-
The term "foreigner" as used in the Treasury reports
bearing special notes of the United States held by the Inter-
covers all institutions and individuals domiciled outside
American Development Bank and the International Development
the United States, including tfcited States citizens domiciled
Association.
abroad and the foreign subsidiaries and offices of United
The data on securities transactions and on foreign
States banks and business concerns; the central governments,
holdings of U.S. Government bonds and notes exclude non-
central banks, and other official institutions of foreign
marketable U.S. Treasury notes, foreign series, and non-
countries, wherever located; and international and regional
marketable U.S. Treasury bonds, foreign currency series
organizations, wherever located.
(see "International Financial Statistics" section. Table*
In general, data are reported opposite -one foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
official institutions are reported opposite the coimtry to
Forms are published in the "Treasury Bulletin" in three
which the official institution belongs. Data pertaining to
sections.
Section
I
provides a sxmimary of the principal data
international and regional organizations are reported opposite
by period; Section II presents data by country and by period;
the classification "International," "European regional," or
and Section III shows detailed breakdowns of the latest avail-
"Latin American regional," as appropriate, except for the
able preliminary data.
Bank for International Settlements and the European Fund,
which are included in the classification "Other Western
Europe
."
Section IV presents supplementary data which are reported
less frequently than monthly.
Beginning with the April 1965
issue, these tables are published each month.
i/ Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220
or from Federal Reserve Banks.
,
Treasury Bulletin
84
CAPITAL MOVaiENTS
Section I - Summary by Periods
with Foreigners!/
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities
My
1965
85
CAPITAL MOVEMENTS
Section I - Summary by Periods
2.Banking
Liabilities to and Claims on Foreigners
Table
i/
{Position at end of period in millions of dollars)
Short-term liabilities to foreigners
Total
shortterm
liabilities
End of calendar
year or month
Payable in dollars
Foreign countries
Official
institutions
Foreign
banks
4,179.0
3,043
2/
1,831
K
2/
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
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
Payable
International
and
regional
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
25,967.1
1964 S/ 2/.
28,842.7r8/l3,224.3r
7,178.7r 8/ 3,376.3r8/4,973.5
1964-May
June
July
August
September.
October
November
26,361.8
26,327.9
26,893.6
27,276.7
27,406.4
28,045.6
28,985.4
6,429.7
6,072.8
6,637.8
6,792.8
6,652.7
7,322.1
7,788.4
1945....
1946....
1947....
1948....
1949....
1950....
1951....
1952....
1953....
1954....
1955....
1956....
1957....
1958....
1959....
I960....
1961....
1961 i/.
December
1965- January.
February
March,
April p.
May p
. .
1/
6/
7/
.
.
^10/
2,836
2,907
3,615
3,547
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10.893 .2
10,893.3
11,915.3
12,436.9
11,875.3
12,072.0
12,090.8
12,281.8
12,321.2
12,300.3
12,723.0
2/
2,064.0
2,528.2
2.569.8
2,529.3
2,530.4
2,943.1
3,362.9 4/
3,413.0 4/
3,460.5
4,601.1
4,704.8
5,299.5
5,330.4
5,251.0
5,713.0
3,106.3
3,134.0
3,131.7
3,160.5
3,235.8
3,249.3
3,301.1
Short-term claims on foreigners
473.7
2,262.0
,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,5U.0
3,158.1
4,011.8
3.751.7
3,751.7
5,144.5
4,637.1
4,832.9
4,925.8
4,910.2
4,917.3
5,064.9
5,061.4
5,051.4
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
Total
longterm
liabilities
.9
1.4
4.6
1.0
.7
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
|8
113.1
150.4
150.4^5/
143.4 6/
%
134.1^
7.5
2.2
2.2
7.3
69.4
89.9 8/ 306.2
117.6
154.6
123.4
156.5
123.1
175.3
124.2
173.9
131.7 6/ 170.7
112.5
163.5
121.4
298.3
28,842.7 8/13, 224. 3r
7,178.7r 8/ 3,376.3ra/4,973.5
89.9 8/ 306.2
28, 777. Or
28, 909. Or
7,723.6r
7,738.6r
7,358.4
7,217.9
7,066.0
97.0
73.3
63.6
84.2
90.0
28,282.4
27,833.8
27,405.7
12,588.4
12,684.6
12,296.8
11,969.0
11,945.7
3,382.1r
3, 430. Or
3,481.9
3,476.9
3,A41.1
4,985.9
4,982.5
5,081.7
5,085.7
4,862.8
For exclusions see headnote on page 83.
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 beginning October 1961. Figures for selected dates are as follows:
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30.1
million; September 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.
Also includes
5/
2/
10/
309.5
492.9
457.9
441.3
440.9
Payable in dollars
Total
shortterm
claims
392,
708.
948.
1,018,
827,
898,
968,
1,048,
904,
Payable
Loans to
Official
institutions
Foreign
banks
in
Other
foreigners
100.3
319.6
292.9
361.2
222.7
73
151.1
Other
claims
245.0
290.5
490.6
557.1
104
494.3
328.7
503.4
627.9
451.5
400
350
290
328.5
'V.762,
4,320,
328.5
5,163,
358.9
186.0
5,974,
223.3
7,469
7,851.9r2/220.8
177.2
109
122.9
131
156.5
109
206.5
142
328.1
235
405.4
330
385.5
303
427
439.4
497.6
460
482
524.3
617
699.4
622^
709.2
952.6
641.
773,
954.9
1.373.6 1.054,
1,402.5 l,155.1r
140.0
6,557.2
167.8
6,897.3
6,726.8
167.9
150.7
6,774.8
6,805.7
159.1
163.7
6,912.3
165.2
6,964.5
223.3
7,469.3
7,851.9rio/220.8
1,138.4
861.4
880.7
1,143.5
1,151.9
913.4
1,175.8
937.9
1,206.9
943.6
963.6
1,250.7
1,316.3
980.4
1,373.6 ,054.6
1,402.5 L,155.1r
3,682.1
3,896.9
3,805.4
3,818.8
3,822.0
3,864.1
3,841.0
4,158.8
7,627.7r
7,74D.lr
7,317.8
7,683.7
7,665.5
1,427.2
4,228.6r
4,156.9r
4,273.7
4,232.7
4,276.5
1,336.
1,548,
1,945,
2,199,
2,542,
2,624,
3,614.
86
87
85
243
160
176
241
221.9
250.3
243.4
206.9
213.4
136.5
1,490. 9rl ,204. Or
1,505.9 1 ,211.7
1,495.5 ,208.0
1,462.8 ,147.9
584.1
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.3
2,531.1
2,573.9
2,652.9
3,429.4
4,158.8
4745275?
.,452.6r
foreign
currencies
47.5
93.1
165.4
100.4
110.8
240
91
78
101
211
163
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324.9
U0.9
670.9
839.4
1,173.8
149
147.3
197.7
217.2
479.6
585.6
586.3
557.1
630.8
659.0
620.9
3,971.4
4,250. 6r 2/
735.3
808.4
688.2
691.6
674.1
670.2
661.5
659.0
620.9
3,336.7
3,349.5
3,413.7
3,480.1
3,589.5
3,692.8
3,853.4
3,971.4
4, 250. 6r 10/
613.5
638. Or
583.1
540.6
564.8
4,466.7r
4,700. 5r
4,714.8
4,653.7
4,587.0
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,029.82/
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.
Short-term liabilities include a net increase of $20.1 million arising
from changes in reporting coverage, distributed as follows: "Foreign
banks" +$25.6 million, "Other foreigners" +$22,5 million, and "Payable
in foreign currencies" -$27,9 million.
See footnote 10.
Data on claims below the line differ from claims above the line because
of the exclusion as of December 31, 1964, of $58.1 million of short-term
U. S, Government claims previously included; and because of the addition
of $440.7 million of short-term claims and $279.2 million of long-term
claims arising from the inclusion of claims previously held but first
reported as of December 31, 1964., and from revisions of preliminary
Revised.
figures,
Preliminary.
r
p
^
,
4
5
1
1
Treasury Bulletin
86
CAPITAL MOVmENTS
Section I - Summary by Per lode
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
1/
capital from the United States)
(In millions of dollars; negative figures indicate a net outflow of
Corporate and other
U.S. Government bonds and notes 2/
Bonds
Net purchases
Calendar year or month
Foreign countries
Total
Official
883.4
812.1
1,018.3
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
473.0
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
499.2
-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
-337.7
-26.2
221.4
20.9
508.5
304.2
9.3
525.0
117.4
97.2
53.3
68.8
90.3
173.0
106.9
38.0
12.5
168.8
-82.9
11.6
-16.5
-97.8
-80.8
-30.2
-37.0
2.5
-66.0
-7.4
-16.7
64.7
-.7
414.5
1946
19i7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
3U.8
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
1964
1965-Januar7-May p...
1964-May
June
July
August
September
October
November
December
1965-January
February
March
April p
May p
19.7
16.4
23.2
31.8
92.8
107.0
99.5
21.3
11.
168.1
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
im.l
Other
-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
y
y
y
y
-.6
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.
359.0
-21.6
11.7
301.8
-315.2
-104.8
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
460.7
238.1
246.4
284.4
9.3
176.3
89.3
-102.5
31.4
.1
53.5
.k
33.9
66.3
36.3
37.0
50.6
43.3
13.6
17.8
30.9
28.3
18.7
27.2
29.3
9.6
-521 .4
36.0
77.4
.1
19.5
10.5
6.3
3.2
1.1
-23.2
-40.0
2.9
4.2
-13.4
-40.2
3.1
2.1
16.9
.1
-15.3
-1.4
-16.9
64.7
-15.1
14.1
-61.0
-83.7
-21.0
.1
.3
-67.6
-37.8
.2
»
.3
For exclusions see headnote on page 83.
Through 1949> includes transactions in corporate bonds.
1/
2/
Net
purchases
Purchases
y
y
y
y
108.3
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-58.7
1.4
Stocks
y
u
y
y
Wl.l
74.5
7.5
87.0
117.9
-19.3
369.1
31.8
International
and
regional
y
3/
148.8
15
6
28
35
51
17
72
50
-99
-51
13.6
22.6
5.6
47.6
9.1
13.3
29,
72.0
68.8
70.4
49,
23,
7.7
32.2
23.7
-8.9
-16.4
22.6
44.8
23,
47.1
18,
19,
22,
Net
purchases
Sales
619.
-64.5
-150.6
-144.3
-21.2
2.9
120.3
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
3,425.3
1,470.6
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
197.5
-349.1
-73.1
278.3
265.7
324.3
243.6
273.9
323.4
273.7
282.6
226.6
261.9
345.5
317.9
318.7
2.8
-6.0
-73.8
-49.8
-43.0
-24.9
-27.0
-37.2
367.6
226.1
369.7
354.1
432.1
376.7
514.1
375.3
666.9
739.8
650.2
664.0
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
3,076.2
1,397 .-6
281.1
259.7
250.5
193.8
231.0
298.4
246.8
245.3
226.8
269.5
354.8
269.4
277.1
.2
7.6
9.3
-48.6
-41.6
Net
purchases
of
domestic
securities
-334.2
-39.
-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
-510.5
-9.9
-66.5
28.2
-84.7
-100.0
-114.7
-47.4
-31.8
-11.0
-74.7
-16.2
15.2
61.0
4.8
Through 1949, included vrith transactions in U.S. Government bonds and
•
notes.
Preliminary.
Less than t50,000.
p
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 bonds
Foreign stocks
Calendar year or month
Net
purchases
Purchases
1946
755.9
658
1-947
1948
1949
1950
,
1951
1952
1953
495
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
,093.3
990.5
914.8
349.6
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
1965-January-May p
1964-May
June
July
August
September. ...
October.
November
December
1965-January
February
March .
April p
May p
p
Preliminary.
211
321
589
500
,
,
,
,
53.4
67.3
70.4
37.4
50.7
251.9
86.2
93.5
48.9
52.0
46.1
86.7
115.9
490.4
634.3
291.4
311.5
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,4^5.0
1,262.4
2,037.3
2,086.0
1,838.1
851.6
156.5
111.8
75.9
31.8
96.6
399.5
342.2
220.8
107.3
268.7
151.5
182.9
141.2
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
-46O.4
-9U.0
-1,095.4
-923.3
-502.2
-103.1
-U.5
-5.4
5.6
-45.9
-147.6
-256.1
-127.3
-58.4
-216.7
-105.5
-96.3
-25.3
Purchases
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
566,
509,
595,
702,
695,
748,
404.
61.7
63.9
61.2
48.7
49.1
60.3
54.8
72.3
86.5
77.4
78.0
93.0
69.9
Sales
65.6
42.6
96.7
70.8
198
348
329
303
Net
purchases
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
6U
-251 .6
877
875
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
200.3
138.6
621
803
803.8
591.7
965.6
805.9
6U.3
548.2
266.3
49.7
59.3
11.9
16.8
19.0
16.2
6.7
1.0
49.6
5.1
59.2
48.1
13.0
38.4
33.5
24.6
23.8
18.3
47.1
42.2
32.5
42.5
43.9
53.4
69.2
51.6
Total
purchases
Total
sales
Net purchases
of foreign
securities
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
1,663.2
754.4
1,866.8
2,014.0
2,718.8
2,26^.5
2,036.7
2,228.0
2,843.2
2,730.3
2,386.3
1,117.9
115.1
131.2
206.3
158.9
131.6
118.1
13.5
86.1
64.3
139.0
458.8
391.9
280.0
155.4
312.6
204.9
252.2
192.8
21.8
-39.2
-146.5
-251.0
-114.3
-20.0
-183.2
-80.9
-72.5
-7.0
99.8
312.2
140.9
165.8
135.4
129.5
124.0
179.7
I85.8
556.1
676.8
388.2
382.3
908.
1,149.7
1,007.0
924.9
1,486.1
1,387.3
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
-723.1
-363.6
-91.2
-27.7
July
1965
i
,
Treasury Bulletin
88
.
Table 2.
CAPITAL MOVBffiNTS
,
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
V
(Position at end of period in millions of dollars)
1965
1964
Calendar year
Country
1962
1963
Europet
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 /^/
7.3
32.2
13.6
30.1
68.2
186.1
6.5
53.6
26.9
35.0
8.8
19.4
17.8
75.4
41.5
221.4
Total Europe
877.0
^
Canada
ft
7.9
526.1
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 6/.
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 6/ ij
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
180.9
171.3
186.3
131.
17.0
407.9
29.5
85.0
122.2
102.1
65.6
2/
9.2
97.9
1,606.4
1.7
13.5
19.9
.4
Isra el
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Otlier Africa
Total Africa
Other countries:
Austral ia
All other 8/..^
Total other countries 2/
International and regional
Grand total
5.7
19.5
.
37.0
1,739.9
3.4
70.4
9.3
41.5
30.3
2,017.2
2.4
8/
10.3
25.5
S/
2/
1964 2/
December j/
January
February
March
April p
1965
July
89
.
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
1964
Calendar year
1965
Country
1962
Europe :
Austria,
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
65.4
11.8
10.0
12.9
.'
24.
13.
31.
1963 1/ 2/
101.2
57.1
53.3
41.7
38.7
135.6
16.4
160.8
1.
5.0
201.
26.
10.
237.8
75.5
48.6
45.2
16.1
39.1
17.6
1964
y
134.8
83.5
55.3
64.6
61.8
158.9
50.0
374.3
15.2
265.9
85.8
69.6
109.6
41.8
.1
.7
.8
25.2
37.9
Ifugoslavia
1.1
.9
Other Western Europe,
n.S,S.R
Other Eastern Europe,
4.8
8.9
76.6
1.9
19.9
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 ^6/
Total Latin America
Asia
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. . .
Taiwan
19.3
577.6
1,100.7 2/
17.4
December 4/
134.9
86.5
56.8
66.1
66.3
159.5
50.3
382. 7r
15.2
267. 9r
82.4
73.1
109.1
37.3
13.3
272.6
306. 3r
62,0
253.1
18.5
64.3
86.2
267.1
23.4
61.6
81,6
167.4
16.3
46.1
86.7
169.1
17.5
47.3
.6
453.0
51.2
47.3
36.9
99.6
91.0
35.8
33.8
1.3
1.5
166.9
9.8
k/
7.5
71.7
.6
511. 4r
77. 3r
49. Ir
37.0
100.6
99. 2r
37.2
33.8
5. Or
886.0
1,015.3 2/
3.0
15.0
1.5
24.6
1.6
28.3
2.0
30.9
27,7
74.3
28.2
248.5
3.2
100.8
1.6
3.7
31.3
24.8
384.7
3.1
138.0
3.4
7.6
31.4
28.6
443.5 2/
622.8
684. 5r
28.2
14.0
14.3
.8
.1
15.5
21.2
22.8
1,161.9
l,271.8r
:
Thailand
Other Asia
Total Asia.
Africa
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
*
70.4
.6
3.6
27.4
222.1
429. 9r
3.7
144.2
3.4
7.8
34.1
:
Total Africa
Other countries ;
Australia
All other 7/
Total other countries 6/.
International and regional .
Grand total
1/
2/
2/
35,0
1/
23,9
1.6
.1
.5
2/
69.1
86.3
8/
112.9
122.7
60.2
7.6
97.6
5.8
114.8
6.8
67.7
103.4
121.6
43.8
66.9
171.1
.2
2,160.4
3,029.81/2/
3,971.4y
13.2
263. 6r
82.2
72.4
115.3
49.5
3.3r
19.9
289.8
.6
50.1
386. 9r
.1
85. 9r
303.6
322.4
25.7
26.0
31.3
56.6
64.2
43.7
4.9
1.7
57.9
68.6
64.4
189.2
3.3r
19.9
l,712.6r
.9
131.6
99.5
.8
87. 4r
1,687.7
194.9
21.5
13.3
January
.5
115. 4r
153. Ir
.7
4,250.6r
.
:
)
.
.
.
Treasury Bulletin
90
CAPITAL MOVMENTS
Sunmary by Countries
Section II
Table 4.- Net Transactions in U. S . Government Bonds and Notes by Foreigners
1/
net outflow of capital from the United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or a
1965
1964
Calendar year
Country
1965
Europe
Austria
Belgliim
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.
1963
-3,193
-8,231
1,985
-U,355
-2,681
-2,050
175
-391
-1,379
188
-iO
2i9
-1 ,i73
. .
Total Latin America
553
504
176
134
-15
537
1,570
226
6
-28
635
-32,920
-130
23
-349
31
27
236
1
126
183
-29,807
1,658
2,168
3,700
-90
34,107
3,829
9U
-2,114
65
-89,365
3,377
-15,686
85,914
-70
-90
-131,512
70,894
-27,589
U9
296,901
3,034
154
-332
-19
-i
-Ul
-6
185
16
12
64
33
-41
139
12
12
-85
-69,
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
-1-6
73
-65,319
10
Canada
79
5
-599
98
38,965
-13
-144
39,405
247
-19
-8,762
-38,758
-16
-154
-126
-112
Total Europe
588
January
through
May p
1964
1962
5
123
17
78,801
151
39,
U
-16
-5
-3
5
-513
-50
-62
-25
64
-798
-9,029
693
357
1,398
1,467
266
-65
-335
-41
-329
-244
-227
735
2,1U
-186
-7,289
658
-39
-476
9
339
14
2
-988
-950
48
-236
-52
301
639
2,414
-141
268
28
5U
1,038
-97
-2
-629
1,855
47
289
29
15
115
-27
10
500
Asia:
China Mainland,
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines . .
Taiwan
Thailand
Other Asia
Total Asia.
.
Africa:
Congo (Leopoldvllle
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
To'tal
Africa
26
12
20
-21
-76
-80
-25
-4,501
1,694
1,785
-58
-5,837
652
1,835
3,960
-55
153
1,023
6,805
-26
23
-818
-1,971
Grand total
1
-19
19
2
537
-17
537
10
-U1,527
330,574
-79,843
-307,840
-50
-7,312
•105,420
-28,783
-521,370
301,791
-315,202
-104,880
262
-727,989
670,915
-337,716
-26,197
2,496
Total other countries
Total international and regional.
1
4,009
6,958
-1 ,972
Other countries:
Australia
All other
International and regional:
International
European regional
Latin American regional
5
-230
540
19
262
99
July
1965
91
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 States)
1963
1962
1965
1964
Calendar year
Country
1965
through
196a
December
January
Febniary
April p
May p
May p
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
-9
23
-439
-410
-1,793
-409
-23
-400
-251
117
270
-134
18
172
-273
2,053
373
460
-4,291
11,196
-19
-U1
74
108
-1,371
-81
248
-182
-13
-276
-3U
-57
-35
27
117
-7
33
10
-11
69
-1
36
-127
50
57
359
350
74
-48
-4
-38
-374
-27
47
-3
-451
-103
-3
-428
-2,616
-78
140
269
211
11,345
-4
7,616
-4,366
585
2,654
-19
-927
-1,545
14,304
-110
-334
-1,128
11,258
-6
9,507
782
25
-609
13,574
-7
172,530
-338
235
-190
-4
-114
-1,684
12,765
657
248
-907
3,612
-74
82,951
-48
1,411
1,278
-12
-394
-867
22
-633
-34
-19
63
708
-264
18,264
9
104
-3,991
-163
87
127
134
-16
-42
21
-28
-298
-269
13,014
33
671
70
-599
715
102
-540
1,314
2,714
11,857
38,175
-88
36,806
-73
-20
-331
5
-17
10,674
33,345
194,219
96,867
21.132
-2,684
-3.905
25,211
i21.
39,715
-76,249
-51,845
-31,853
-12,484
1,202
-5,650
-11,058
-2,784
2,892
132
917
65
108
217
687
-70
461
-46
-20
244
-82
230
3
3
-31
-920
-15
-4
51
56
9
11
-13
-68
20
81
-1,221
90
55
-1
69
19
152
-146
-128
-201
-1
-1
28
-95
-542
912
1,284
20
-148
179
93
2/
1,786
1,153
-26
310
-279
-45
-2,705
796
5,302
-2,135
-2
671
233
6
17
-2
-36
-3
5
25
-82
38.530
4,116
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahajnas and
Netherlands
Other Latin
-2
American Republics 1/
Bermuda
Antilles and Surinam,
America 1/ 2/
Total Latin America
1,589
-35
289
2/
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
1
-10
-12
-29
104
-6
56
904
-18
Total Africa
Other countries;
Australia
All other 2/
Total other countries /^
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
-31
593
59
-420
574
1,247
-4,702
21
21
327
2,938
-2,262
-4
64
356
589
27
-798
9
-79
-1
101
9
-589
171
1,181
-931
-1.518
-171
11
45
1
14
64_
-25
334
262
723
174
26
-192
22
48
51
9
95
49
478
-228
-17
-1
-53
-8
-2
U
23
69
-60
-370
35
133
-123
-387
6
-29
-4
3,207
-118
-10
-238
-181
3,039
-36
91
63
-2
-6
-3
7
693
-3
29
12
-192
-1
121
6
21
25
-12
34
-3
198
21
18
179
12
-26
91
-21
-658
144
325
-I84
118
208
87
,905
3,771
888
4
-470
766
6,143
5,033
521
138
54
2/
82
2/
-19
-21
-13
-5
45
-1
-4
55
-2
9
3
Africa;
Congo
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
383
-413
-46
-5
182
53
50
-20
-216
42
34
9
-8
4
y
V
52
-13
2/
-505
51
87
16
-17
tj
-470
33
131
12
-17
49
166
-4
-4
10
10
-5
476
602
194
12,078
16,190
11,506
4,208
12,078
16,190
11,506
4,208
-11
-51,333
9,329
-30
29
100
-48
129
-61
-30
481
2,337
1,254
-5
176,292
-44
89,326
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 Berimida are included with "Other Latin America,"
339
-203
339
-203
481
2,337
1,254
-16,381
22,618
44,820
47,119
-8,850
^
ij
p
Through 1963, "All other" countries include Morocco and "Other
Africa,"
Through 1963, "Total other countries" include "Total Africa,"
Preliminary,
..
Treasury Bulletin
92
CAPITAL MOVIMENTS
,
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
a net outflow of capital from the United States)
(In thousands of dollars; negative figures indicate net sales by foreigners or
1965
1964
Calendar year
Country
1965
1962
1963
through
May p
1964
December
January
February
846
-2,467
-24
410
-2,998
-425
-1,496
73
-465
-1,577
-105
March
April p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
•
-202
-3,697
-268
-425
217
589
-3,862
117,236
-262
-40,589
-267
-25,393
459
196,896
3,473
-1,304
-14
660
113,152
166,037
-421,890
-107,974
32,866
5,132
35,074
120
-1,238
2,566
2,050
1,745
1,900
1,530
-1
8,760
-2,796
i/
1,594
-1,715
2,461
3,007
2,249
1,097
-136
-777
-1,300
897
347
-1,055
1,160
1/
2,369
-1,680
-21,293
56
31,618
12
.
.
Total Europe
Canada
Latin America:
Argentina
Bra zil
Chile
Colombia
Cuba
Mexico
Panama
-2,972
8,50i
-898
429
362
361
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 2/
Bermuda
Antilles and Surinam,
America 2/ 2/
Total Latin America
Asia:
China Mainland
-184
-6,029
3,881
-1,290
-21,587
3,017
-789
Hong Kong
India
Indonesia
Israel
Japan
Korea . . ^
Philippines
Taiwan
Thailand
Other Asia
-23,249
515
103
-5
-71
147
3,345
Total Asia
-18,279
.
65
77
738
.
Africa:
Congo (Leopoldville)
-52
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
-1,844
-5,037
-254
4,120
-11,580
1,025
643
-36,816
-2,811
-396
6,984
17,050
-2,414
6,127
-145
-2,119
-213,879
-10,684
-176,832
2,170
-2,152
-41
-140
-i,852
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe l/.
1,968
-10,960
-641
-891
-9,006
-8,370
-327
5,004
3,075
-1,412
15,595
877
-270
40
-1,019
2
-43
190
-290
-15,038
-104
-23,223
8
2
945
990
109
130
680
-368
1,059
-222
-571
-850
-56
-3,022
1,862
5
-343
359
1,172
-51
361
-705
-681
-2,026
-561
-71
-18
138
-1,458
-103
141
7,829
2,946
-2,098
-6
-101
-542
-198
43
-746
-286
-26
-14,165
4,301
4,951
195
412
-15
639
-2,740
120
17
10
-13,437
-2
-804
-33,623
-259
11,221
-200
-1,219
13
-13
36
-43,590
-3,257
7,607
-3,028
-58,236
27,291
1,734
2,626
544
9,985
7.276
551
204
294
430
123
-231
514
306
-1,605
34
-80
983
-154
619
-2,190
205
-174
-123
-38
387
-424
-2,255
406
30
-1,318
1,708
-96
866
-732
-15
-1,006
162
1
-486
-450
l_
-2,614
4,910
1,138
2,703
7,056
-127
-226
-3,164
2,703
103
2,678
-4,356
129
-215
431
-1,952
-6
103
-51
-45
176
-21
254
1,579
-72
-884
-241
82
-700
340
-330
8,639
26,806
-302
3,251
190
-1,040
-1,783
821
-118
3,227
114
-113
802
-240
-2
164
-542
-21
138
-4
2
1
631
16
15
68
56
3
-21
-1,041
-89
472
615
-45
396
-5
-229
71
-1
-10
-7
331
24
2,469
2,067
3,251
1,194
-13
-20
552
34
64
768
170
-1
-444
-814
692
3,023
-120
645
1,631
80
2
22
468
207
1
131
2
1
174
-305
4,482
4
4
4
128
375
-33
-20
36
5,122
5,223
190
-19
159
26
10,915
69
6
13
6,282
-8
-185
-401
1,493
10
115
60
670
416
62
-99
-240
-170
4,032
V
213
-61
137
11,800
4,970
-180
4,752
5,933
-118
1,130
-2,166
-1,135
-27,932
-14
-94,911
-202
-2,906
-1,683
81
-2
89
-25
-1
-203
-169
2
6
185
83
49
-41
2
23
18
-199
171
423
-199
1
-14
89
158
77
5
21
6
10
287
-6
123
222
610
47
381
-275
U
-13
186
-113
79
-201
-195
319
72
-31
-217
-554
261
162
1,970
10
-1
72
92
3
-1
1
208
-4
29
170
248
30
138
-33
168
-267
-23
1
y
y
636
-533
223
-107
-627
130
^,
203
982
-497
-231
173
-60
-239
135
-295
International and regional;
International
European regional
Latin American regional..
4,481
5,959
-115
6,073
-14
2,373
979
338
326
704
599
Total Africa
Other countries:
Australia, , .i
All other 4/
,
Total other countries
Total international and*
regional
Grand total
i^
3/
53
4,481
5,844
6,059
2,373
979
338
326
704
599
111,130
197,549
-349,104
-73,010
-37,216
199
7,605
9,294
-48,553
Through April 1963, Includes Czechoslovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include oijly Bolivia,
IJominlcan 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,"
i/
V
p
Through 1963, "All other" countries include Morocco and "Other
Africa,"
Through 1963, "Total other countries" include "Total Africa."
Preliminary,
1965
July
93
CAPITAL MOVEMENTS
.
Table
(
Section II - Summary by Countrlee
Net Transactions in Long-Term Foreign Bonds by Foreigners
7.-
In thousands of dollars;
negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1964
Country
1963
1962
1965
through
May p
1964
1965
December
February
Jfinuary
April p
May p
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
:
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U. S. S. R
Other Eastern Europe 1/ 2/
-2 ,051
-10 ,111
-36 ,191
606
-37 ,252
-19 ,018
-459
9 ,504
30 ,920
-23 ,437
24
2 ,572
-338
29 ,212
28
27 ,579
Total Europe
OnaHa
3,269
281
-4,133
-25,017
16,817
18,435
154
-1,039
1,469
-9,311
3,273
-945
10
9
-24,509
-8,909
-17,379
-3,973
6,318
10,321
86,881
142
18,555
-6
332
-5,161
-3,431
797
-20,157
-29
2,371
21,947
-158
3,392
-11
-19
-84
-44,018
-43,675
77,416
-434,047
-744,318
107
4,086
1,518
408
9,124
3,298
-3
-23,647
484
-2,704
-15 ,601
,
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-5,014
3,867
-56,627
-10,899
56,877
10,948
-1,006
-28,399
2,125
-46,623
-63
3,543
-3,037
56,514
541
2,349
1
553
-429
136
555
1,281
-13,794
3,143
3,542
1,284
-426
1,015
3,635
93
5,542
-11
1,031
2,019
-1,130
36
-49
605
15,359
U7
-26
-1,363
76
-1,309
-862
-3
6
15
2,946
376
-9,387
306
-2,977
6
421
1,375
1,412
28
-3,624
241
1,977
-315
-1,566
-462
-117
-24
-27
-3,096
-3,446
-113
-20,100
-21
1
13
6
-9
-9
1,254
4,657
-593
1,200
767
-1,223
5,403
346
2,437
-7
1,376
1,383
-1,822
4,163
-3
-40
597
14,876
-150
-1,708
784
87
-1,489
-1,114
-204
-425
-U
-44
-27
-10,048
23,118
2,946
-9.488
-12,521
-2,050
11,065
-768,731
-229,257
-115,128
-48, 541
-22,290
?,779
-42,131
-26, 516
11,107
2,871
1,093
3,205
-9,489
712
864
1,298
107
417
155
-9,874
9
8
-11
149
205
473
42
454
262
89
352
-816
170
164
335
1,037
5
-41,596
628
-2 501
106
10
-1,234
1,908
651
494
1
909
1,677
5,604
192
54
220
5
1
101
-23
-12,977
40
2,139
-184
15_
21
206
1,467
26
3,452
-58
118
-6,358
-11,719
8,986
153
-144
1
-3,145
-1,125
-662
-1
205
-236
-358
75
191
49
5
-2R,413
-8,325
-23
1,679
1,923
456
-12,867
-8,465
-12,168
1,631
-9,974
1,243
4,405
1,247
96
1,079
-9,538
224
878
-2,616
297
-34,671
-25,734
-35,026
-10,543
3,783
1,734
-3,186
1,497
-1,402
1,478
705
1,231
187
51
-1
-20
-28,849
-17,036,
-4,495
524
-20
-2,917
-35
9
American Republics J/
Bermuda
Antilles and Surinam,
America 2/
U
Total Latin America
1,574
-5,694
3,142
y
-6,326
y
218
108
3,282
868
-16,222
-1,423
220
112
-72
16
10
432
664
912
23
69
366
120
-194
-353
45
-975
2U
396
89
-3
5U
2,022
-1
Asia:
China Mainland
Hong Kong
India...'.
Indonesia
Israel
Japan
Korea
Philippinea
Taiwan
Thailand
Other Asia
,
Total Asia
930
-52
-k\,Lm
-130,363
-147,484
Africa;
Congo (Leopoldville)
Total Africa
Other countries:
Australia
All other
y
Total other countries
^
International and regional;
International
European regional 1/
Latin American regional
Total international and
regional
-90,649
6,769
-1
-1
-1
-9,539
-10,839
-10,307
-250
-14,250
809
-7,684
-20,980
-3,446
2,646
-1,792
1,052
2,509
13,060
-9,859
7,500
2,181
-16,695
186
186
205
1,813
-19,442
543
-177,251
-83,914
-75,622
-19,788
-22,331
-3,579
-1,358
-47,951
-403
-6
-9
963
-2
45
11
31
301
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Grand total
-50
-1,,068
1,046
-63
4
-49,149
-94,191
-700
315
1,000
-1,518
-4, 228
-14,499
-250
50
5/
2,323
2
-2
893
-1
469
34
74
-17
275
15
122
y
6/
6,943
1,361
994
784
81
317
26
153
-34,383
-27,320
-22,243
5,019
18,207
2,886
-15,218
1,841
1,334
397
2,506
192
1,411
10
4
57
3,367
668
-22,694
1,102
-48,124
-7,789
21,093
-13,377
1,731
2,516
196
1,468
4,035
-21,592
-166, 347
-105,270
8,597
23,850
-17,445
-166,647
2,011
2,201
-24,197
4,387
125
-178,500
93
2,482
2,117
1,417
2,867
121
y
9,435
13,279
-1
4,636
-1
5,000
-74,285
2
-3
710
96
-1
255
-147, 506
-96,673
-141.101
-164,636
-21.996
4.512
-178,407
2,737
3,534
2,988
-943,976 -1,095,440
-923,320
-502,122
-127,286
-58,3'80
-216,673
-105,494
-96,256
-25,319
-235,632
I
1/
H,
"Other Western Europe" may include transactions with regional organizations through June 1962, and with some Eastern Etiropean countries
through April 1963.
Through April 1963, includes Czechoslovalcia, Poland, and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
ij
^
^
p
other Latin American Republics included with "Other Latin America,"
"Other Latin America" includes Bahamas and Bermuda through 1963.
Through 1963, "All other" countries include Morocco and "Other
Africa."
Through 1963, "Total other countries" include "Total Africa,"
Preliminary.
Treasury Balletin
94
CAPITAL MOVEMENTS
,
Section II - Summary by Countrlee
Table 8. - Net Transactions In Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net
il
kly
1965
95
CAPITAL MOVMENTS
,
Section II - Summary by Countries
Estimated Holdings of U. S. Government Bonds and Notes
Table 9.
(Position at end of period in millions of dollars)
On basis of 1963 survey
On basis of 1960 survey
Country
December
December
1961
1962
1963
1963
2
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
13
2
2
»
1
A
3
3
6
3
3
3
1
126
1
1
93
83
1
87
1
1
93
83
1
1
2
4
126
131
»
1
1
2
133
83
129
75
«
w
»
435
370
361
328
46
48
50
45
848
717
788
748
459
389
686
637
5
4
5
1
1
1
2
10
1
1
1
1
1
1
2
2
2
3
5
5
3
14
15
16
15
33
33
32
<t
7
8
Canada
Latin America:
Argentina
Brazil
Chile
Colombia.
Cuba
Mexl CO
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
16
3
Total Europe.
14
30
,
-
1
.,
American Republics...
Bermuda
Antilles and Surinam,
America
,
Total Latin America
2
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
1
6
,
1
1
1
ft
3
5
,
,
,
ft
1
5
2
5
ft
,
Total Asia
38
34
36
56
50
51
39
47
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa.
10
12
10
1,240
798
192
112
84
1,432
911
1,213
2,838
2,110
2,781
9
Other countries;
Australia
All other
Total other countries.
International and regional:
International
European regional
Latin American regional
Total international and regional,
Grand total
1,129
96
Treasury BuUetinl
CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of May 31, 1065
(Position in thousands of dollars)
Short-term liabilities payable in dollars
To foreign banks and official Institutions
Total
short-
Coimtry
U. 3.
term
liabilities
Total
Deposits 2/
Treasury
bills and
certificates
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norvay
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugos lavia
Other Western Europe,
U.S.S.R
Other Eastern Europe.
205,923
459,920
257,954
113,217
1,174,335
1,706,245
148,307
1,357,171
285,533
205,494
246,573
196,739
748,209
1,198,973
22,040
2,054,921
16,288
328,090
1,966
18,737
'.',
Total Europe
201,947
425,485
249,437
108,965
1,109,938
1,649,407
121,985
1,312,806
258,460
170,962
169,150
147,800
730,344
1,050,432
19,719
1,606,769
15,401
312,041
1,706
17,277
79,557
158,024
64,787
87,095
230,037
232,236
61,745
291,183
96,046
74,025
163,547
141,571
117,278
356,090
19,655
1,072,361
8,662
58,858
1,634
15,376
9,680,031
3,329,767
4,657,672
2,508,887
2,265,839
1,632,981
629,846
337,244
369,668
161,302
179,760
11,329
726,414
112,672
262,356
118,072
760,516
463,371
211,263
111,635
23,067
131,689
279,304
47,056
67,813
1,146
424,522
19,757
143,302
24,208
384,870
263,932
106,800
47,797
7,360
66,102
Canada
Latin America :
Argentina
Brazil
Chile
.....'.'.'.'.'...'.
Colombia
Cuba
.!.!.!!!!.!!.'!*
*
Mexico
Panama
[['
"
Peru
y *
Uruguay
!
! !
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surl'nsim!
Other Latin America
'
*
Total Latin America
Asia ;
China Mainland
Hong Kong
India
Indbnesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
3,848,669
1,949,556
1,533,558
34,944
29,121
107,484
2,760,967
90,574
247,970
226,666
494,434
775,713
29,258
50,666
50,859
27,103
100,034
2,728,885
89,103
196,883
214,571
490,702
700,281
29,256
44,675
29,659
24,587
76,809
1,706,586
87,535
181,697
163,240
195,394
438,919
4,935,058
4,678,345"
2,978,357
.'!.'!.'!'"
100,071
67,114
\
]
'
'...'
'
[
!!!."!."!!!!
Total Asia
Africa ;
Congo (Leopoldville)
31,257
15,737
54,329
27,166
154,174
29,315
11,988
40,421
26,445
121,882
76,085
282,663
230,051
156,807
198,384
22,635
190,319
17,579
87,424
10,588
221,019
207,898
98,012
4,696,153
13,224
153,429
4,695,623
13,224
153,375
247,333
12,402
24,642
Mo,rocco
South Africa. ...'.'.'.'.'.....'.]'.,',
United Arab Republic '(Egrot)
Other Africa
\"
'
Total Africa
Other countries :
Australia
All ether
Total other countries
International and regional :
International
,
European regional
Latin American regional...
Total international and
regional.
10,511
11,635
40,235
18,341
4,862,806
Grand total.
1/ For exclusions see headnote on page
83
deposit, which
.e Included In "Otter!"
94
10,746,635
°'«°"^''^"
*^«
certificates of
1/
khj 1965
97
CAPITAL MOVMENTS
,
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of May 31, 1965
L/
(Position in thousands of dollars)
Short-term claims payable in dollars
Loans to:
Total
shortterm
claims
Coxin try-
Total
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Short-term claims payable in foreign currencies
Acceptances
made for
account
Deposits of
reporting
banks and
domestic
customers
with
foreigners
of
foreigners
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
9,095
43,095
23,169
74,792
82,551
184,475
13,971
116,718
43,674
50,705
35,553
46,492
38,089
95,157
17,322
215,752
27,989
24,719
8,298
38,583
20 374
74,560
68,083
130,387
13,851
107,655
35,835
49,046
32,332
45,738
30,293
77,428
17,290
125,643
27,988
24,159
359
29,732
350
29,721
13,252
65
669
13,355
2,380
1,173,409
958,114
254,311
241,015
185,829
191,37 1
752,712
522,453
13,872
131,09 7
10,259
206,762
112,132
135,869
294,224
16,401
695,218
49,907
118,778
78,464
173,105
215,957
58,457
206,714
112,048
135,643
290,309
16,374
659,668
49,665
118,718
78,464
170,682
215,889
58,237
23,164
31,576
17,629
63,152
306,200
19,519
21,191
49,976
37,207
28,934
9,918
25,025
59,080
29,260
95,390
103
186,290
15,714
30,504
7,484
48,051
40,127
33,201
52,802
15,744
33,788
20,826
16,271
41,298
9,539
33,912
9,395
19,113
18,915
19,112
18,812
102
2,092
2,193,302
2,150,335
610,660
732
27,367
28,417
4,182
53,050
727
13,477
8,622
21,016
208,581
12,634
75,882
100,257
727
27,322
28,151
4,182
51,684
2,760,087
21,016
208,273
12,634
75,877
98,429
3,352,788
625
2,125
19,808
38,390
73,766
,
1,238
1,146
13,704
1,692
6U
15,370
2,736
3,016
45,616
186
28,409
58
15,759
2,980
11,704
3,668
3,245
25,121
27,333
9,055
25,000
12,977
3,040
3,312
14,370
5,527
9,943
1,531
20,143
1,669
3,967
323
2
25
5,U7
6,848
9,798
11,739
33,314
701
40,675
14,961
18,619
8,543
15,959
2,672
16,640
15,573
21,158
16,207
535
21,666
47,679
4,066
27,369
5,131
6,8lo:
2,919
667
7,061
1,000
797
4,512
2,295
38
232
3,213
2,535
14,468
54,088
4,483
1,878
216
13,951
23,453
29
120
89
9,639
721
4,263
694
1,046
99
9,063
7,839
1,659
3,221
754
7,796
17,729
8,085
7,259
1,372
209
667
7,779
9,319
32
31
52,466
90,109
74,938
1
1
560
9
11
509
9
11
85,588
215,295
160,050
7,541
47 704
52,639 314,586
230,259
93,811
126,709
9,739
43
34
226
3,915
17
6
7,666
60,944
6,344
18,976
4,972
2,045
16,314
4,718
11,979
18,032
5,130
3,467
10,054
3,789
103,118
5,397
52,789
108,265
15
389
2,605
251
2,177
2,676
791
29
417
16
517
500
202
580
287
3,012
87
17
8,410
1
6,839
19
35,550
242
60
5,944
229
8,332
51
,
31
73
151
1,955
75
1,960
27
25,135
31
776
8
22,888
53,950
79,269
2,040
102,992
4,384
26,165
10,860
31,184
66,918
8,131
641
4,947
2,423
68
220
1,279
41
138
16,734
446
2,276
11,401
1
2,561
2,312
103
1
50
53
587,409
337,511
522,764
41,991
42,967
9,798
31,092
5
5
4,895
9,895
919
5,884
346,128
6,380
19,061
3,730
6,495
46,779
710
2,766
8,061
3,193
1,202
5,391
1,665,139 128,873
1,018
1,783
51,543
3,896
144
208
46,917
1,222
8,178
45
266
45
266
22,363
541,941
13,585
97,662
4,080
18,686
31,111
5,474
1,573
12
16,844
78,006
33
38,224
734
3,571
11,139
1,366
60,583
6
1,360
60,582
1
308
149
3,283,382
752,312
155,610
450,216
1,796,102 134,142
625
2,125
18,769
37,482
73,116
28
541
250
179
1,307
16,047
26,235
1,735
142
25,849
347
1,395
12,691
1,173
15,026
1,906
20,120
5,266
740
134,714
132,117
U,658
28,155
30,632
27,302
1,370
Australia
All other
U,986
41,507
7,404
325
13,239
3,078
1,478
21,391
4,998
15,392
768
Total other countries
333
4,556
26,389
16,160
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam
Other Latin
American Republics
Bermuda
Antilles and
America
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
,
2, 820 , 670
,
,
Total Asia
Africa:
Congo (Leopoldville)
,
Morocco
South Africa
United Arab Republic (Egypt)...
Other Africa
Total Africa
58
509
1,946
749
290
1,075
23,531
13
21
39
1,002
142
27
82
149
10
5
5
1,328
1,741
49
38
64,406
62,799
198
1,409
1,039
650
689
908
499
151
2,597
2,096
501
1,321
152
3,479
5,835
1,682
228
1,797
5,607
1,473
9,3U
1,910
7,404
2,606,338 579,150
564,838
330,464
10
630
908
350
Other coiintriea;
58,225
48,911
International and regional:
International
European regional
Latin American regional
13
15
292
15
292
Total international and
regional
320
320
Grand total
1/
7,665,470
13
7,100,632
5
10
107
127
1,676,258
Excludes foreign currencies held by U.S. monetary authorities.
71
137
1,147,913
1,090,973
136,525
97,349
Treasury Bulletin'
98
CAPITAL MOVMENTS
Section III - Preliminary Details by Countries
Table 3.- Long-Term Banking Liabilities to and Claims on Foreigners as of May 31, 1965
(Position in thousands of dollars)
Long-term claims payable in dollars
Total
Country
long-terra
liabilities
Europe
Austria
Total
long-term
claims
Other
Total
:
Belgiu.li
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
4,000
....
21,500
4,000
1,519
4,469
34,252
Total Europe
69,740
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
109,576
102,207
54,270
63,640
64,651
248,403
63,847
378,731
8,125
250,735
88,665
66,481
109,668
46,774
752
90,539
1,865
21,217
109,576
102,207
54,270
63,640
64,651
248,403
63,847
378,731
8,125
250,735
88,665
66,481
109,668
44,918
752
90,539
1,865
21,217
11,672
11,672
1,781,818
1,779,962
340,083
338,229
618
79,609
180,540
57,878
74,064
594
34,259
491 ,443
1
45,000
400
68,683
88,152
35,997
85,572
113,113
48,289
30,627
2,122
79,609
130,540
57,878
73,867
594
490,966
68,683
88,152
35,997
85,381
113,113
48,289
30,627
2,122
80,512
1,356,683
1,355,818
2,443
37,419
2,443
37,419
234
Asia
China Mainland
Hong Kong
;
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
7
7
1,400
2,520
29,397
485,781
29,397
7,225
175,959
3,875
6,372
35,243
485,781
4,421
175,959
3,875
6,372
35,243
11,145
780,917
780,917
7,966
7,966
4,421
Total Asia
Africa;
Congo (Leopoli^ville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
901
901
45,787
11,266
128,304
1,000
45,787
11,266
128,304
Total Africa
1,000
194,224
194,224
Other countries:
Australia
All other
1,000
119,341
13,250
119,341
13,250
1,000
132,591
132,591
Total other countries
International and regional
International
European regional
Latin American regional
;
Total international and regional
Grand total
180,500
57
5
5
97,000
622
622
277,500
440,901
684"
4,587,000
57
684
4,582,425
109,526
1965
tly
99
CAPITAL MOVaiENTS
,
Section III - Preliminary Details by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During May 19651/
(In thousands of dollars)
^
1
r
Country
Treasury BuUeti]
100
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Nonflnancial Concerns!/
Table 1.- Short-Term Llabllltlee to and Claims on Foreigners Reported by
(posHion at end of period in thousands of dollars)
Liabilities to foreigner^' ?/
Seventh revised series
Country
1963
Europe:
2,19^
17,560
2,373
9^1
31,159
36,186
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
1,U7
29,067
^6,130
3,3-i2
831
6,979
8,137
25,667
Suitzei*land
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U. S. S. R
Other Eastern Europe^/
A, 131
110,359
'^,102
1,157
^
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
P eru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics^/.
Bermuda
Antilles and Surinam.
America
6/.
^
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan.
Korea
*.
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
CoYigo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt),..,
Other Africa
Total Africa
Other countries:
Australia
All other 2/
Total other
countries^
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
uly
101
1965
CAPITAL MOVMENTS
Section IV
-
,
Supplementary Data by Countries
rable 1.- Short-Term Llabjlltles to and Claims on Foreigners Reported by Nonflnanclal Concerns
(Position at end of period in thousands of dollars)
i/
(Con.)
s
Treasury Bulletim
102
CAPITAL MOVBffiNTS
Table lA.
-
Section IV - Supplementary Data by Countries
Short-Term Liabilities to and Claims on Foreigner" Reported by' Nonflnanclal ConcernpDetalls ap of December 31, 19641/
(Position in thousands of dollars)
Claims
Liabilities
Country
Payable
Total
in
dollars
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 E\lrope.
Payable in foreign
currencies
Payable
Payable
in
foreign
currencies
Total
dollars
Deposits with
banks abroad
in reporter'
own najne
:
1,666
19,826
1,848
677
30,735
63,098
3,687
25,605
32,820
1,334
1,580
10,229
8,264
32,984
6,349
01,927
586
4,879
6,388
20,248
1,151
1,055
183
525
9,286
8,107
30,785
943
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Unjguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
Asia
China Mainland
Hong Kong
136
119
3,294
2,498
335
157
2,199
478
17,964
6,558
18,524
6,261
6,736
52,338
139,827
9,828
94,820
31,094
7,662
4,056
42,141
19,143
21 ,657
4,834
17,883
6,094
4,984
48,885
109,375
6,807
86,587
26,598
7,562
3,614
39,800
18,937
18,494
8,342
215,123
3,250
7,101
298
1.566
193
177
29
1,538
859
26,083
959
3,164
3,922
28
323
1,094
59
2,835
633
51,137
1,531
464
138
214
2,594
4,369
2,062
5,069
574
72
119
1,247
147
328
1,465
1,262
203
9,086
309,949
3,273
9,016
298
2,227
539
122
349,710
290,169
59,541
794,494
636,134
95,464
62,896
75,674
4it,898
30,776
1,059.877
884,019
25.373
150.485
,278
,910
558
567
665
1,672
530
28,021
140,288
23,751
21,250
1,358
65,486
11,502
23,698
9,662
41,756
45,606
10,543
4,057
9,087
2,019
1,498
317
849
2,927
669
76
446
52
2,182
1,993
798
39
297
2,731
1,166
232
30,471
144,517
25,234
24,596
4,285
68,879
11,934
25,724
10,021
45,789
51,325
11,422
4,150
9,543
431
,193
,533
,735
671
,741
114
,482
,975
,148
2,613
9,238
4,028
7,633
218
6,841
27,458
5,908
472
2,352
10,205
2,432
5,880
5,916
116,151
91,194
24,957
467,895
436,065
12,574
19,256
1,403
1,873
21,091
4,459
1,342
28,256
516
4,791
2,623
577
20,983
1,387
1,629
17,967
4,275
1,155
24,316
464
3,338
2,563
304
14,314
16
191
244
3,124
190
7,863
32,659
3,801
5,782
122,469
3,970
9,414
4,863
5,188
47,942
396
6,067
400
46
34,856
38
1,055
107
142
4,672
297
1,785
1,453
60
273
6,669
8,556
40,511
4,344
6,856
179,814
4,201
11,451
5,051
5,435
60,092
87,914
71,712
16,202
326,502
2U,141
47,779
34.582
4,205
6,192
1,026
11,346
12,650
26,054
5,493
705
10,993
8,023
23,283
21
678
57,268
5,871
83,963
574
4,263
246
12
616
151
151
Total Europe.
400
2,843
1,266
16,983
1,712
558
27,441
60,600
3,352
19,217
12,572
1,934
28
352
75
827
199
13,389
4,909
50
95
111
43,689
18
5
1,874
41
2,«7
2,724
356
1,580
307
1,851
3,726
81
54
164
:
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
',
'
'/,
'
Total Asia
Africa:
Congo (Leopol^Tllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries;
Australia
All other
Total other countries.
International and regional
International.
European regional
Latin American regional
3,940
52
4,420
369
14,433
2,571
9,521
14,210
2,342
7,837
215
48
223
229
1,684
31,314
28,915
2,399
321
U3
1,028
22,4S9
193
982
81
105
7,478
190
131
151
2,737
1.194
202
1,890
1,577
48,497
4,293
4,478
24,630
9,319
18,712
7,630
5,918
1,689
37,760
6.869
32,624
4.609
2,524
2,612
1.372
33,949
26,342
7,607
U,629
37,233
3,412
3,984
59
59
198
260
260
2,750,925
2,286,349
188,895
275,681
:
96
96
11
11
3
Total international and regional.
Grand total
184
187
1
107
694,819
553,337
^^^*' ^^^ detailed breakdown as of the most
™?i!!?^^''^^''
recent
date for "'.!.*^J^^
which data are aTailable
are shown in this section.
141,482
;
July
1965
103
CAPITAL MOVMENTS _
Section IV - Supplementary Data by (Countries
Table 2.- Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)
Credit balances (due to foreigners)
Country
December
1961
December
1962
December
1963
June
1964
Debit balances (due from foreigners)
December
1964
December
1961
December
1962
December
1963
116
1,689
148
118
692
208
5,010
4,709
4,972
June
1964
December
1964
urope;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l/.,,.
U. S. S. R
Other Eastern Europe 1/ 2/.
Total Europe
,^nada
America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 3/.
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 2/ 4/
-
141
2,282
203
2,309
134
19
12
8,AU
5,839
2,601
159
1,674
5,640
1,090
456
2,089
303
44,157
3,936
2U
2,305
9,556
2,951
i56
1,763
383
U,311
274
2,128
140
12
5,246
3,109
355
2,039
4,088
971
535
1,907
798
42,857
185
2,489
381
1
6,861
3,981
294
1,849
4,360
1,140
486
2,007
505
52,662
15
24,357
18
1,539
233
2,522
71
4
6,562
3,350
195
2,884
4,296
1,507
340
1,803
439
47,015
34
12,510
53
68
1,542
246
367
5,382
3,431
726
2,953
2,166
628
3,433
2,861
760
3,431
2,060
50
24
140
1,032
65
16,342
4,967
1,056
4,186
4,645
403
1,693
432
13,029
253
7,942
11,223
3
541
642
831
5,039
2,819
405
63
2,228
717
16,231
565
10,204
17
667
409
281
661
53
58
2,563
270
14,665
113
977
152
U
3,939
4,858
508
3,845
2,437
210
38
1,816
678
15,239
105
6,987
33
53
35
3A,a7
9,291
9,863
10
11
27
1,559
1,310
778
100
250
256
16
113,087
77,269
75,262
103,330
85,208
47,436
37,637
52,675
42,888
15,105
8,764
9,164
11,510
8,846
19,314
18,203
20,022
21,325
1,303
1,755
1,706
1,606
830
479
1,115
776
948
470
1,048
1,033
813
397
1,097
871
499
417
321
79
59
58
2,278
2,156
475
2,478
3,045
244
3,157
2,159
•
365
1,566
3,788
2,903
1,785
401
1,881
2,090
3,066
1,596
423
1,545
2,086
633
487
1,900
1,065
1,372
866
337
176
1,973
2,833
1,231
1,989
1,625
1,602
1,198
737
471
218
168
1,335
1,792
660
2,195
1,784
174
2,260
752
531
294
9
1,491
2,006
704
1,274
2,272
1,286
359
2,964
885
15,037
18,918
10
29
2
53
32,275
42
11,215
15,882
160
17,353
8,047
151
36
5
668
336
4
101
409
485
304
317
203
9
311
276
Ul
38
16
2,555
81
1,187
54
12,125
14
521
565
60
19
585
368
:.a^in
3il
523
351
2,288
2,085
349
2,76i
2,371
199
4/
968
1,077
552
559
2,377
757
626
1,498
323
1,048
1,545
196
16,379
18,752
17,422
15,758
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
186
2,218
44
93
3,129
103
54
3
348
102
194
163
Total Asia
Total Latin America
sia
V
y
1,587
562
250
310
1,881
558
657
287
5
7
2,634
1,495
303
1,316
1,577
947
2,051
1,495
466
1,872
1,397
777
555
2,346
163
224
2,286
555
635
648
100
12,573
13,923
13,836
y
529
197
13,951
:
35
19
77
177
4
2,589
775
24
112
375
10
223
54
18
52
57
81
67
2,032
41
2,197
20
30
866
76
2,101
39
73
2,557
1,193
1,553
2,593
63
121
10
2,139
4,002
6,110
6,268
5,196
6,056
34,475
14,036
19,789
20,465
11,639
6
25
7
23
46
45
9
87
91
147
19
71
26
23
.
-.
.
30
9
2,312
131
2,816
43
36
47
414
54
74
10
3
94
68
43
630
117
12
110
14
172
37
52
128
55
2
ifrica :
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
83
6
y
Total Africa
6/
y
127
49
y
y
147
18
382
80
22
552
28
62
4
332
601
706
449
y
119
17
y
y
693
40
y
y
12
75
354
105
551
605
366
1,097
939
505
Hher countries;
Australia
AH other
V
Total other countries 6/.
202
504
87
618
129
188
272
70
172
253
125
556
419
923
114
222
409
170
183
128
801
906
317
342
425
817
2,075
336
579
311
374
111,801
109,034
136,892
116,024
120,960
84,524
107,842
113,337
90,621
nternational and regional.
priand
total.
3
14';
,
"Other Western Europe" may include balances with some Eastern European
countries through December 1962.
Through December 1962, includes Czechoslovakia, Poland and Rumania
J^/
y
only.
Through December 1962, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other Latin American republics included with "Other Latin America."
6/
Through December 1962, Bahamas and Bermuda are included with "Other
Latin America."
Through December 1962, "All other" countries include Morocco and
"Other »frica."
Through December 1962, "Total other countries" Include "Total
Africa."
,
.
.
.
Treasury Balletic
104
CAPITAL MDVBffiNTS
Table 3.
-
Section IV - Supplementary Data by Countriee
and Areas
Short-Term Banking Liabilities to Foreigners In Countries
Separately!/
Reported
Not Regularly
(Position at end of period in thousands of dollars)
December
Country
"Other Western Europe"
Cyprus
Gibraltar
Iceland
Ireland, Republic of.
Luxembourg
Monaco
617
728
5,632
2,906
10,830
1,729
722
1,657
6,974
10,696
7,361
2,687
1,063
695
4,700
5,990
8,598
2,448
5,173
8,697
17,384
4,110
275
243
1,419
781
1,453
1,838
356
411
13,522
1,379
2,236
149
1,121
981
1,365
1,713
400
377
10,560
2,352
1,633
180
662
1,027
1,576
1,495
432
328
9,735
1,922
1,321
32,567
29,127
58,037
5,667
22,472
3,077
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,286
35,050
35,909
40,649
62,082
65,091r
17,312
26,292
4,689
52,255
8,396
57,781
5,487
43,186
31,495
55,815r
67,060
48,702
14,348
26,044
6,994
42,393
11,377
56,023
7,367
9,043
1,044
11,665
1,310
6,344
643
7,983
1,104
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
18,363
1,106
15,850
17,030
28,384
4,894
10,057
3,563
4,995
1,397
3,344
4,178
1,592
4,029
5,491
2,046
3,U8
16,111
3,ai
178
1,170
851
1,638
1,029
504
318
7,205
1,507
1,268
"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
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
"Other Latin America"
British West Indies
French West Indies and French Guiana.
14,042 1/
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 2/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
Ityukyu Islands ( including Okinawa)
Saudi Arabia
Syria
Vlet-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
Southern Rhodesia
Sudan
Tunisia
.
^
"Other ccyntrles"
New Cal'edonia .
New Zealand
.
.
y
533
,435
,616
574
,501
,297
,470
902
,349
,190
,608
,124
,636
,
.
December
1964
657
3,2^.0
,
April
1964
1962
l,2i2
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 2/
Estonia
Hungary
Latvia
Lithuania
Poland £/
Rumania 2/
Soviet Zone of Germany
1963
1961
,283
,557
981
,065
,599
,871
,558
,906
504
11,061
776
1,063
1,258
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
540
1,360
21,864
5,421
326
440
1,550
21,772
419
1,662
6,469
1,990
1,216
17,619
5,496
639
21,048
2,510
26,796
656
n.a.
571
6,774
2,432
10,881
32
4,685
Through 1962, except as noted, data are based on reports from banks in
the Second (New lork) Federal Reserve District only, and include
funds
held in an account with the U. S. Treasury; subsequent data are as reported
by banV
in all Federal Reserve Districts.
They represent a partial
breakdown of the amounts shovm for the corresponding dates for the
U9
O O^"
1,607
17,045
758
4,068
389
n.a.
1,407
3,967
53,
2/
2/
U
574
906
i^
1965
105
CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 4.- Purchases and Sales of Long-Term Securities by Foreigners During Calendar
Year 1964
(In thousands of dollars)
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
grope;
Austria
Belgium
I
I
i
j
I
i
I
[
,
i!
j
'
'[
\
DeniBark
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
17 ,746
?1 ,283
11 ,793
5 991
191 ,823
155 020
2 ,399
75 ,701
233 ,405
47 ,7U
19 ,107
33 875
71 242
l,19i 931
577
1,261 ,924
6 720
57 730
1
202
2,855
250
2,710
775
31
902
3,263
6,490
249
111
22,012
7,028
297,822
12,'?65
1
,166
473
3,470,148
357,939
1,978,871
737,935
33 ,342
16 ,949
11 ,181
13 ,033
58
74 ,436
49 ,167
8 ,383
29 ,382
45 262
11 553
48 295
102 ,994
4 575
39
203
60
25
393
741
940
155
504
283
1,441
5,122
110
448,610
10,021
atin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics..
Bermuda
Antilles and Surinam,.
America
Total Latin America,
5
sia:
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. .
Taiwan
Thailand
Other Asia
.
Total Asia
frica:
Congo
34
89,142
2,742
400
12,402
39,662
128
2,238
2,196
10,209
57,614
12,539
216,767
17,790
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
224
769
7,389
1,930
14,190
8,271
Total Africa...
24,502
8,429
Jther countries:
I
Australia
All other
25,130
5,121
Total other countries
30,251
i
i
369
2,020
240
2,517
105
".nternational and regional:
International
European regional
Latin American regional
Total international and regional.
Brand total
172,519
6,805
988
180,312
6,349,461
158
!
Treasury Ballethi
106
.CUMULATIVE TABLE OF COnTENTS.
August 1964 through July 1965
Issue and page number
1965
1964
Aug.
Reporting bases
Sept.
II
.
Articles;
Treasury financing operations
A-1
Sujnmary of Federal fiscal operations.
1
1
Jan.
Oct.
II
II
A-1
A-1
A-1
1
1
1
Feb.
Apr.
II
II
A-1
A-1
A-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
Expenditur.es by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1964
May
II
:
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 redenqstions 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 Disabil ity Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund.
Investment of specified trust accounts in public debt securities,
by issues (latest date March 31, 1965)
2
3
4
5
6
7
8
10
10
9
9
11
11
10
10
10
10
12
12
10
10
11
11
10
11
10
11
12
13
11
12
11
12
13
14
11
12
12
13
14
12
12
14
13
13
15
13
14
15
13
15
14
14
17
18
16
17
14
15
16
16
17
18
16
16
16
13
14
15
15
15
16
17
17
18
10
10
11
11
11
12
13
13
U
12
15
19
19
19
Consolidated cash transactions:
Summary of Federal Government cash transactions with the public...
Intragovemmental and other noncash transactions
21
17
18
15
16
20
21
17
18
16
17
21
18
22
22
19
16
17
22
23
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
23
24
19
20
17
22
23
19
20
18
1.8
19
23
24
20
21
18
19
24
25
25
21
19
24
20
25
22
20
26
26
26
27
22
22
20
20
21
25
25
26
22
22
23
21
21
26
26
27
23
23
24
21
21
22
27
27
28
27
28
29
23
24
25
21
26
27
28
23
28
25
22
23
24
29
24
25
26
22
23
24
28
24
23
30
26
24
29
26
25
30
27
25
31
31
27
25
30
27
26
31
28
26
32
32
34
36
28
30
32
26
28
30
31
28
30
32
27
29
31
32
34
36
29
31
33
27
33
35
29
31
33
35
37
40
46
36
46
36
43
34
38
39
42
34
40
43
36
40
34
38
40
45
49
45
43
49
46
41
46
43
41
48
53
49
47
53
50
44
49
46
44
51
61
57
55
61
58
51
56
53
51
58
64
60
59
65
62
55
60
57
55
62
Debt outstanding :
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 a. 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
instltutic-is of foreign countries
Foreign currency series securities (noiiili-ketlbie)
"ismed'to
official institutions of foreign countries
23
22
(Continued on following page)
39
22
27
29
30
July
1965
107
.CUMULATITE TABLE OF CONTENTS.
August 1964 through July 1965
-
(Continued!
Issue and page number
196i
Aug.
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined.
Sales by States , Series E and H combined
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
Estimated ownership
Treasury survey of oxmership of Federal securities
Ownership by banks, insurance companies, and others.
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1964)
66
66
67
69
70
Sept.
62
62
63
65
Oct.
61
61
62
64
1965
Nov.
67
67
68
70
Jan.
64
64
65
67
57
57
58
60
71
71
Feb.
62
62
63
65
66
Kar.
Apr.
60
62
57
57
58
60
59
59
Jnly
Kay
64
64
65
67
68
61
61
62
64
60
62
59
59
67
66
65
72
72
73
66
67
65
66
72
73
74
68
67
74
61
68
63
61
69
65
63
68
69
61
68
69
61
62
69
70
65
62
63
64
66
63
64
70
63
70
65
63
71
67
65
:
(
'
78
74
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
82
84
72
74
71
78
80
74
76
67
69
78
73
69
71
67
69
75
77
71
73
69
71
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds....
85
86
75
76
74
81
81
82
72
73
70
71
78
79
74
82
77
78
70
75
75
72
73
87
77
78
78
79
80
76
77
77
78
79
83
84
84
85
86
79
80
80
72
73
73
74
83
74
75
75
76
72
73
73
74
80
81
81
82
76
77
77
78
74
75
75
76
:
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
^
Gold assets and liabilities of the Treasury
Components of silver monetary stock
J
Seigniorage
M
Increment from reduction in weight of gold dollar (latest date
September 30, 196^)
71
.'
I
89
90
81
84
34
85
'(i
79
Exchange Stabilization Fund (latest date March 31, 1963)
Balance sheet
U. S. stabilization agreements.
Income and expense
J
I
"
75
76
76
75
76
76
81
81
72
78
78
National bank reports:
Earnings, expenses, and dividends for calendar years 1960-64.
1
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
ty U. S monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
institutions of foreign countries
U. S. monetary gold transactions (net)
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Liabilities' to foreign official institutions and international and
regional organizations
.
'
Capital movements between the United States and foreign countries:
Summary by periods beginning 1946
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concern;
Foreign credit and debit balances in brokerage accounts
_. .
Short-term liabilities, countries and areas not regular i^ reported
Purchases and sales of long-term securities by foreigners during
calendar year 1964. .
j
!
'
'
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts . .
[Corporations and certain other business-type activities :
Statements of financial condition ^latest date March 31, 1965)..
Income and expense (latest date Decembe'* 31, 1964)
Source and application of funds (latest date December 31, 1964).
79
82
87
82
82
82
83
87
88
82
83
77
78
83
84
89
84
84
85
90
94
97
106
107
86
89
98
99
87
90
99
100
108
100
101
91
91
81
92
109
110
101
102
77
79
83
77
78
77
78
83
84
81
79
80
79
79
79
85
82
81
85
80
80
80
83
82
92
95
104
105
87
90
99
100
82
85
82
85
82
85
94
95
94
95
88
91
100
101
85
95
91
94
103
104
88
97
98
84
87
96
97
106
101
96
105
96
96
102
99
98
97
97
98
100
101
103
104
107
108
100
101
104
105
99
100
103
104
102
109
106
105
107
108
102
94
97
86
87
106
107
'98
102
99
104
104
111
111
106
113
104
125
108
111
131
V
Treas.
HJ
10
.kl
1965
C.2
|<
,OON0,
U.S. Treasury Dept.
Treasury Bulletin
@FedFRASER