Full text of Treasury Bulletin : July 1966
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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
An2989
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U, S. Government Printing Office, Washington, D.C. 204.02
Subscription per year $8.50 domestic, $11.00 foreign.
Single copy price varies.
Juiy
1966
Table of Contents
Page
Treasury financing operations
IV
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
19
Monetary statistics
22
Debt outstanding
23
Statutory debt limitation
28
Public debt operations
29
United States savings bonds
65
Ownership of Federal securities
69
Treasury survey of ownership of Federal
securities
71
Market quotations on Treasury securities
75
Average yields of long-term bonds
78
Exchange Stabilization Fund
80
International financial statistics
82
Capital movements
86
Cumulative table of contents
Ill
* NEW FEATURE - As requested by users of the Bulletin,
a new table showing seasonally adjusted Federal
receipts from and payments to the public has been
added to this series (p. 18),
Treasury Bulletin
II
Reporting Bases
for actual receipts and e35>endlture8 In the "Budget of the
Data on receipts, expenditures, and debt which appear
In the "Treasury Bulletin" are based largely on two Treasury
financial reports, the "Dally Statement of the United States
United States Government."
Tr«a»ury' and the "Monthly Statement of Receipts and Expenditure! of the United States Oovernment. Where these state-
year I960, the monthly statement reports totals for net
Beginning with the final statement for the fiscal
budget receipts and budget expenditures after deduction
ments are given as sources for Individual tables, they are
cited by name only. Their respective reporting bases are
of certain interfund transactions which are Included in
described below. For other data In the Bulletin, information on sources or reporting bases Is given In connection
The transactions deducted consist of Interest payments and
with the tables themselves.
agencies to the Treasury.
The monthly statement of receipts and expenditures
was first published for February 195^^, and replaced the
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
accordance with the plan stated in the President's Budget
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953.
The announcement of February 17,
the detail of both budget receipts and budget expenditures.
minor amounts of certain other payments made by Government
This reporting change was made in
Message of January IS, i960.
or deficit.
It does not affect the surplus
Figures for earlier periods shown in the Treas-
ury Bulletin were revised to the new reporting basis in the
September i960 issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treas-
ury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
and figures for prior fiscal years back through 1932
IS^k, with respect to these reporting changes may be found
19'*^,
m
were revised accordingly at that time.
the April
195'*^
Issue of the Biilletln.
The dally statement on the new basis was first issued
The monthly statement shows all receipts sind expenditures of the Government, Including those made from cash
accounts held outside the United States Treasury. The
for February 17, 195'+.
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
certificates of deposit cleared through the account of the
checking accounts In commercial banks.
These reports cover
transactions recorded In the accounts of the agencies
shown,
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
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-
The net of the transactions
fications shown are reported on the basis of mailed reports
as complied from these reports Is reconciled In the monthly
of checks Issued and are adjusted by means of clearing ac-
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
minor amoiints, noncajsh interfund and other intragovernmental
changes In the public debt outstanding.
transactions are excluded.
during the reporting period.
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
Expenditures, except interest on the public debt, are reported on the basis of checks issued or cash payments made
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be In-
by disbursing officers.
counts to the total of checks paid.
Except for relatively
The public debt figures in the
dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks. Noncash debt transactions are included, however.
The daily statement before February 17,
195'+i
covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
were handled through commercial bank accounts,
and included
Interest on the public debt Is Included on an
accrual basis beginning with figures for June 1955 and
the fiscal year 1955. Prior to that. It was Included on
a due and payable basis.
The same reporting basis as that
In the monthly statement provides the fiscal year figures
noncash Interfund and other intragovernmental transactions.
It provided information similar to that In the present dally
for the Treasury's "Combined Statement of Receipts, Expend-
amount outstanding.
volved.
itures and Balances of the United States Oovernment" and
statement with respect to the status of the Treasurer's account, and similar to that in the present end-of -month daily
statement with respect to debt issuance, retirement,
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
1966
Jtdy
III
>'
Reporting Bases
-
L-
(Continued)
In the dally statement were used as the basis for reflecting
the results under the President's budget program as enacted
Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally those
by the Congress.
of the Department of Defense and Its predecessor organiza-
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Treasurer's
bases.
account
Through
ig^tS
Expenditures cleared through the
were reported on two
successive
they were on the basis of checks paid
by the Treasurer of the United States. Beginning with 19*17,
expenditures made through the facilities of the Treasury
Note
tions, were on the basis of checks paid.
Transactions handled through commercial bank accounts, consisting of market
transactiona in public debt and guaranteed securities, were
as reported by the agencies.
Interest on the public debt
was included on a due and payable basis beginning with
November 1949 and on a checks-paid basis prior to that time.
Details of figures may not add to totals because of rounding.
Treasury Bulletin
IV
Treasury Financing Operations
One-year Bills
On June 16 tenders were invited for $1 billion, or thereabouts, of 365-day Treasury bills, to be dated June 30, 1966,
to refund an equal amount of one-year bills
maturing on that
date.
Tenders were opened on June 23 and totaled ^1,569 million,
of which #1,001 million (including
$4-8
million of noncompeti-
tive tenders) were accepted at the average -discount rate of
/+.697
percent.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in June totaled
$11.5 billion, replacing an equal amount of maturing bills.
There were five 91-day issues of $1.3 billion each and five
182-day issues of $1.0 billion each.
Average rates for the
new issues are shown in the following table.
13-week
....
July
s
,
1966
SUMMARY OF FEDERAL
FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Period
Net
receipts
Expenditures
Surplus
or
deficit
Net of
trust
and other
transactions
1/
Net
increase
Clearing
account,
etc. 2/
1967(Est.)..
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
in
public
debt, or
decrease
36,422
47,480
61,287
64,671
64,420
60,209
67,850
70,562
68,550
67,915
77,763
77,659
81,409
86,376
89,459
93,072
104,631
106,917
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
-8,226
-3,435
-2,286
111,000
112,847
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
72,738
79,518
78,157
84,709
87,516
83,696
96,679
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
101,378
12,401
99
679
147
435
323
231
483
-214
-401
-250
-303
284
-194
571
522
-523
530
-6
-145
507
448
196
741
-978
-1,121
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
5,853
5,561
2,633
-1,847
120
-108
1,835
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-8,248
-4,699
311
815
-41
101
739
-259
267
1,092
-691
23
-698
234
729
168
151
694
87
-106
-319
-209
-34
376
-21
-423
2,711
7,973
7,777
3,582
2,019
9,527
2,874
-674
355
3,487
6,653
10,072
3,398
7,037
8,856
7,410
8,083
8,450
8,329
7,051
8,770
-3,923
-1,430
1,622
-4,930
-40
66
-130
366
171
-188
-393
-903
5,642
6i'.,262
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
9'',684
9b, 507
Levels, end of period
I'ebt
Treasurer'
account
balance
Public
debt
195
633
-329
-50
-602
436
97
551
426
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
-203
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
11,036
12,610
12,407
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
293,201
305,860
311,713
317,274
319,907
8,700
1,770
-1,488
603
-635
-117
179
355
622
828
83
1,015
-134
-80
-713
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
4,961
5,583
6,411
6,494
7,509
7,375
7,295
6,582
181
2,735
-530
2,906
1,520
-4,836
640
3,400
-4,498
2,412
-809
-1,550
2,197
1,239
-8
244
21
42
1,900
-2,186
-1,140
2,661
-1,944
-57
-1,059
983
294
-792
314
116
-585
896
-480
-31
-720
224
109
-237
154
204
183
493
-576
328
outstanding
Guaranteed
securities
(-)
(-)
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966p
Net
increase in
Treasurer' s
account
balance, or
decrease (-)
Total
Federal
securities
20
29
46
Subject to
limitation
3/
462
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
236,471
289,211
298,645
306,466
312 , 526
317,864
320,369
256,652
254,567
253,507
265,522
270,790
273,915
272,361
270,183
276,013
284,398
236,065
288,362
298,212
306,099
312,164
317,531
320,102
321,436
244
321,680
321,505
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169
303,470
309,347
317,940
320,904
24
256,026
258,794
266,821
274,671
278,256
280,348
276,276
513
742
809
455
256,731
259,461
267,445
275,244
273,734
280,822
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
318,750
321,359
11,036
311,713
813
312,526
312,164
6,150
6,789
30,189
5,691
8,104
7,295
311,183
314,089
315,610
315,635
318,436
317,940
321
848
886
821
334
809
312,004
314,938
316,496
316,456
319,320
313,750
311,643
314,577
316,135
316,096
319,034
313,464
1,480
1,795
5,745
7,942
9,231
9,336
10,816
:2,6lO
317,983
319,883
317,697
316,557
319,218
317,274
664
693
719
657
606
590
313,646
320,575
313,416
317,213
319,323
317,864
313,361
320,290
318,131
316,929
319,540
317,581
-692
1,658
-1,493
2,154
2,810
-807
-4,124
-858
1,010
-2,852
974
-177
8,486
7,627
8,637
5,786
6,759
6,582
316,582
318,240
316,748
318,901
321,711
320,904
474
493
465
455
317,056
318,742
317,270
319,394
322,176
321,359
316,773
318,460
316,988
319,113
321,895
321,078
1,099
1,308
-2,312
-1,416
2,777
-2,452
-1,076
973
-224
453
1,370
4,330
5,506
6,479
6,255
6,708
3,077
12,407
322,003
323,311
320,999
319,533
322,359
319,907
416
435
456
468
466
462
322,419
323,746
321,454
320,051
322,825
320,369
322,138
323,466
321,175
319,772
322,546
320,102
-447
62
-4,1a
-1,730
8,025
7,875
-581
5,952
7,301
5,877
8,594
2,964
52
81
74
107
101
111
140
240
444
607
813
590
V54
76
34
53
103
104
109
127
156
330
274, 564
232,607
290,513
289,971
296,061
303,616
309,724
313,464
321,078
Months :
1964-June
July...
Aug
Sept...
Oct
Nov.
Deo
.
.
-15
1965-Jan
Feb
Mar
Apr ....
May
Juae, .
7,518
11,188
8,549
7,268
13,404
7,676
7,146
8,139
8,268
8,116
9,070
-2,033
372
3,049
280
-848
4,335
-577
-617
July...
Aug
Sept .
Oct
Nov ...
Dec
3,807
7,350
10,999
3,295
8,106
9,553
7,240
8,990
9,452
8,750
9,105
9,426
-3,434
-1,640
1,548
-5,455
-999
126
182
-28
156
-45
189
1966-Jan
Feb
Mar
Apr ....
May
June p
6,453
8,335
11,297
9,929
8,452
17,054
8,809
8,156
10,193
8,362
9,055
9,378
-2,356
.
179
1,104
1,567
-603
7,676
387
41
-595
-161
377
64
193
146
-268
279
972
59
66
71
88
782
-773
-174
26
2,851
-546
105
J_
_L
Source:
1/
2/
Actual figures through fiscal year 1952 and 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 1967 Budget document
released January 24, 1966. More details for data on this page are
shown in succeeding tables.
Excess of receipts, or expenditures {-).
For detail, see pages 10-14.
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
with the fiscal year 1954.
Net increase, or decrease (-).
502
522
2/
p
For current month detail and list of acts, see section on "Statutory
The limitations in
Debt Limitation" in each issue of the Bulletin.
effect during the periods covered by this table and the date when each
$275 billion on June 26, 1946; $281
became effective are as follows:
billion on August 28, 1954; $273 billion on July 1, 1956; $275 billion
on July 1, 1957; $230 billion on February 26, 1958; $288 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on
July 1, 1959; $293 billion on July 1, 1960; $293 billion on July 1, 1961;
$30C 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; $328 billion on July 1, 1965; and $330 billion on July 1, 1966.
Preliminary.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
1.
Receipts by Principal Sources
-
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
Corporation
Not
withheld
1966 p
21,531
20,533
18,092
22,179
21,765
21,296
22,336
24,301
26,131
30,835
12,302
11,528
11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
1967CEst.)i
35,100
16,100
1957
1958
1959
1960
1961
1962
1963
1964
1965
1965-June.
For old-age,
disability,
Total
income and hospital
insurance
taxes
Withheld
1/
6,634
7,733
3,004
10,211
11,586
11,686
13,484
15,588
15,846
19,005
616
31,675
32,978
36,246
38,719
39,259
36,840
42,769
60,560
59,102
58,326
67,125
67,918
71,945
75,324
78,891
79,792
92,090
683
46,440
26,728
27,041
29,001
851
622
567
7,581
8,644
8,854
11,159
12,502
12,708
15,004
17,003
17,104
20,256
1,378
1,411
1,353
1,626
1,916
2,035
2,187
2,416
2,746
3,089
10,638
10,814
10,760
11,865
12,064
12,752
13,410
13,950
14,793
13,407
80,172
79,978
79,798
91,775
94,401
99,441
105,925
112,260
114,435
128,843
754
800
948
1,123
1,008
1,171
1,241
1,284
1,478
1,811
2,749
3,196
3,158
4,064
4,082
3,206
4,436
4,077
4,622
5,797
83,675
83,974
83,904
96,962
99,491
103,818
111,602
117,622
120,535
136,451
330
336
324
341
345
458
948
24,583
3,331
13,557
139,111
,880
7,050
148,041
2
1^406
218
1,357
14,903
145
477
15,525
2,388
6,022
9,658
2,133
6,442
8,020
617
2,396 2/
1,061
447
1,414 2/
750
11
103
57
12
2
1
52
1
232
212
193
213
185
238
1,221
1,305
1,162
983
1,155
1,220
4,471
10,040
12,132
3,790
9,291
10,281
137
93
629
2,501
1,120
461
1,508
803
462
401
348
384
766
386
5,070
10,586
12,640
4,327
10,220
10,807
4,822
7,559
11,620
9,731
8,140
15,504
336
2,559 2/
1,972
1,296
3,505 2/
2,653
12
93
62
20
75
466
3
292
207
272
491
328
224
1,007
1,038
1,133
921
1,104
1,158
6,545
11,922
15,066
12,514
13,187
19,605
136
129
168
151
158
172
456
381
467
408
107
63
423
3,117
2,040
1,320
3,615
2,719
7,137
12,432
15,701
13,072
13,746
20,712
682
2,727
1,038 1/
936
6,259
1,151 2/
2,569
1,412
5,948
Less:
Total
budget
receipts
544
1966- Jan...
Feb...
Mar...
May...
June p
Miscellaneous
receipts
57
1,299
5,377 2/
2,995
1,263
5,793 2/
3,237
7,244
2,440
751
8,252
Customs
772
362
164 2/
2,427
244
141 i/
468
.
Total
internal
revenue
1,348 2/
727
482
4,236
625
507
4,315
Apr.
636
Estate
and
Excise
taxes
gift
taxes
23,267 2/
July..
Aug.
Sept.
Oct...
Nov. .
Dec.
573
575
525
607
571
564
572
594
Total
employment
taxes
97,640
.2,369 2/
.
For unemployment
insurance
2,956 2/ 11,921
6,597
.
For railroad retirement
2/
3M°
1,082
6,238
4,683
2/
Refunds of receipts
2
2
2
7
4
2
159
153
164
140
I
401
935
Transfers of tax receipts
Less:
4^^
U5
Less:
Fiscal year
or month
Internal revenue
applicable to
Customs
Budget
accounts
1957
1958
1959........
i960
1961
1962
1963
1964
1965
y
Trust
accounts
18'1
IQl
278
20
18
2?
13
25
29
35
32
35
45
Total
refunds
1^
Federal OldAge and Survivors Insurance Trust
Fund 2/
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Railroad
Retirement
Account
1,479
561
2,026
2,074
2,539
2,798
2,949
3,279
3,519
3,659
3,917
467
567
355
694
654
633
513
664
870
629
70,562
68,550
67,915
77,763
77,659
31,409
36,376
89,459
93,072
104,631
539
4,378
712
111,000
347
45
13,404
333
418
334
313
267
315
79
223
31
3,807
7,350
10,999
3,295
8,106
9,553
309
320
73
16
302
236
359
361
5
1,057
1,082
1,442
862
636
683
.61:
13,932
1,886
2,210
772
994
297
1967(Est.)..
130
443
1965-June.
320
1
1,250 1/
93 2/
57
220
219
183
202
29
101
1
574
2,226 2/
43
11
1966p
.
July...
Aug
Sept.
Oct
.
Nov.
. .
Dec
-126
1966- Jan
Feb
Mar
Apr .
.
May
June p
2,054
1,520
1,312
532
354
3
8b
228
225
186
206
117
105
107
b44
2,057
1,526
1,321
536
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 1967 Budget document released January 24, 1966.
Source:
103
57
12
169 2/
73
31
988
416
1,324 2/
698
100
2,182 2'
1,666
1,142
2,940 2/
2,217
343
453
945
347
615
1
2
2
1
90 2/
93
52
52
1
12
93
62
20
107
63
75
465
6
215 2'
155
104
285 2/
216
161
151
50
280
220
y
InterNet
fund
budget
transreceipts
actions!
575
525
607
571
564
572
593
6,243
6,795
7,084
9,192
10,537
10,600
12,351
14,335
14,572
16,474
317
68
6,854
5,';
Highway
Trust
Fund
616
3,976
4,598
5,114
5,238
5,976
6,2^6
6,571
7,1<3
6,030
7,252
837
929
953
945
Unemployment
Trust
Fund
1
4
2
1
92
1
53
13
1
43
6,453
8,335
11,297
9,929
8,452
17,054
Beginning February, 1966 includ'=s hospital insurance.
Includes J2,210 million for Federal Hospital Insurance Trust Fund.
Remaining footnotes on following page.
X/
2/
..
July
,
.
,
1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
2.
-
Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Interest
628
745
RealizaDividends
tion upon
and other
loans and
earnings 1/ investments
601
438
674
506
967
942
877
1,111
805
743
-1,077
765
955
i,622
5,797
1,077
824
860
984
1,393
1967 (Est.)
7,050
1965-June..
2,7^9
3,196
3,158
i,06i
i,082
3,206
i,a(>
1957
1958
1959
I960
1961
1962
1963
196i
1965
1966 p
July.
Aug . .
Sept
Oct...
Nov
.
. .
Deo..
1966- Jan...
Feb...
Mar...
Apr.
.
May...
Jiine p,
328
328
587
436
1,012
371
121
312
304
350
374
330
342
370
409
Fees and
other
charges
for
services
etc
49
49
160
59
53
54
57
161
U
53
55
58
133
111
Rents
23
86
93
325
94
89
81
100
62
101
101
437
Fines
penalties
and forfeitures
Other 2/
6
23
23
16
14
8
12
11
13
6
7
9
5
11
132
152
944
503
91
229
194
127
204
1,058
396
1,568
123
163
408
15
17
68
58
20
14
15
16
12
148
157
169
160
35
23
20
4
14
5
6
11
5
1
4
6
1
11
31
9
12
5
5
2
-21
247
104
-11
11
11
7
9
9
14
26
36
32
4'
4
21
84
40
38
39
64
44
26
21
10
-20
10
34
11
12
61
31
7
21
10
6
-10
14
12
62
128
93
37
69
37
14
78
56
32
41
236
70
477
106
152
462
401
348
384
766
386
94
93
7
64
224
94
456
85
17
17
115
120
123
109
125
124
134
14
93
96
114
387
345
325
392
343
263
263
331
431
Fees for
permits
and
licenses
141
1,820
94
79
90
Seigniorage
1/
79
48
87
26
968
21
Sale of
Sale of
Governprodment
ucts
property
110
118
128
134
1,731
381
266
322
343
114
182
154
200
130
132
Royalties
45
69
117
649
1,076
752
496
347
467
408
401
935
Recoveries and
refunds
28
32
30
-11
15
124
131
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 1967
Budget document, released January 24, 1966.
Source:
Income taxes not withheld, June
Includes adjustments" as follows
+$86 million, August -$4 million, November -$6 million, February
-$4 million and Ifay +$98 million; incane taxes withheld, June -$7
million, August -$202 million, November +$128 million, February
+$74 million and Ifay -$122 million; transfers to Federal Old-Age and
Survivors Insurance Trust Fund, June -$74 million, August +$187
million, November -$107 million, February -$73 million, and May +$23
million; and transfers to Federal Disability Insurance Trust Fund,
June -$5 million, August +$18 million, November -$15 million.
55
26
33
37
r-
17
74
109
26
11
13
7
1
11
13
1
11
32
2
60
48
71
66
11
5
1
10
9
12
14
7
1
94
144
5
10
1
-2
15
14
128
14
5
6
1
12
-14
Beginning October 1965 certain accounts representing profits from
silver coinage, previously classified as "dividends and other
earnings," have been classified as "seigniorage."
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.
p.
Less than $500,000.
jy
2/
»
Footnotes to Table
427
70
83
1
:
-
1/
6/
(Continued)
February +$2 million and Ifay +$2 million.
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.
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).
Preliminary.
Less than $500,000.
P
Treasury Bulletin
ATMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
$Bil.
1952
54
56
58
Other Excise Taxes*
20
I
I I I I I I I I I I I I I^IS
1952
54
56
'58
'60
'62
64
'66
60
62
64
66
..
.
Juhf
1966
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
3.
-
Expenditures by Agencies
(In millions of dollars)
Defense Department
Fiscal year
or month
Legislative
Branch
Executive Funds
appropriated
Judi- Office
ciary of the
to the
President President
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966p
97
39
10
99
118
126
13i
153
147
152
165
181
a,
i7
49
11
56
1967 (Eat.)...
205
1965--June
July
August.
September
October.
November.
December.
,
1966- January.
February
March. . .
April.
.
.
June p.
.
May
52
57
56
70
29
62
65
23
23
74
79
24
26
4,115
4,081
4,109
1,764
1,808
2,053
3,968
4,119
4,307 5/
4,278
31
5,028
y
y
Agriculture
Department
Commerce
DepartMilitary
ment
5,006
4,875
7,091
5,419
5,929
6,669
7,735
7,897
7,298
5,986
562
645
382
539
498
594
676
686
758
745
38,439
39,062
41,233
42,824
44,677
48,205
48,252
49,760
46,173
54,363
639
733
807
902
971
999
1,128
1,153
1,234
1,309
2,295
2,645
3,092
3,403
3,685
4,215
4,909
5,498
5,740
7,652
5,798
923
57,150
1,369
10,191
316
77
4,322
137
535
67
3,601
4,131
4,300
4,252
4,210
4,789
96
541
121
125
131
134
129
16
1,013
18
U
315
348
272
308
352
367
521
1,112
839
647
756
603
50
49
76
121
18
255
559
62
10
359
334
418
-152
256
92
73
8
15
23
16
12
4ii3
18
16
279
368
612
13
Civil
Health,
Education,
and
Welfare
Department
57
^
-24
72
65
75
4,411
4,198
5,246
4,766
4,559
5,899
115
79
102
99
110
66
Housing
and Urban
Development
Department
1/
-23
199
1,152
309
502
739
410
328
250
772
-414
Interior Justice
Depart- Department
ment
Labor
Department
Post
Office
Department 2/
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
Fiscal
year or
month
1957
1958
1959
Total
Total
interest
4 (-7
45<-'
567
557
342
Commodity
Credit
Corp.
340
421
24
131
41
4o
43
57
19'iJ
1.32
465
1961
1962
1963
196i
1965
.:.40
41'1
"20
499
648
852
611
330
186
199
611
513
870
629
1966 p
19'''7
(Est.)
..
'
,84
ExportImport
Bank of
Washington
459
302
31
51
34
15
14
Housing
and Urban
Development
Department 2/
47
45
39
90
118
146
160
152
147
138
Panama
Canal
Company
Small
Business
Admin.
l^/
Tennessee
Valley
Authority
Veterans'
Administration
1/
1
11
3
9
9
7
7
15
14
9
9
11
20
27
11
31
12
39
10
14
19
23
32
40
47
49
36
34
130
79
.
1966-Januar-y.
February.
Karch
6/
2/
8/
2/
9
12
7
n
8
16
18
22
26
56
106 7/
.
.
.
1
1
1
of
various
agencies
13
12
14
15
17
17
19
9 8/
1
73
(-,Q
If
Iti
24
14
5
9
1
1
i3
39
26
6/
7/
8/
"
p
Footnotes to Table 3
.
10
for
audits
8
Ser T^iLl-^ 1.
Source:
2' By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table t>) and other interest-bearing U.S. investments.
2/ Formerly Housing and Home Finance Agency.
Consists of payments by;
Office of the Secretary for college housing, urban renewal, and public
facility Ijan^; Federal ^Jational Mortgage Association; and Public
Housing Administration.
2' Direct loan program and reopened insurance fund,
^' Hy various agencies for pi-ogr^-iLS under Defense Production Act.
'.'onsist of payment.s by the: Colorado River Dam Fund, Boulder Car -on
5/
project; Virgin Ii'lanis Corporation; Bureau of Federal Credit Unions;
Oivi! Defense Program Fund; Farmers' Home Administration; Informational
j/
6
154
125
14
3
4
4
Charges
2
13
«fey
3/
8
V
92
31
5
April
4/
42
35
6
Other
Reimbursement by
Panama
Canal
Company
6/
20
July
August.
September
October,
November.
December.
1/
2/
24
30
35
1965- June
June p
Under
Defense
Production
Act i/
Formerly Housing and Home Finance Agency.
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.
Adjusted for reclassification.
Beginning with fiscal 1961, administrative expenses of the employment 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).
Includes $258.8 million paid to the International Monetary Fund for the
additional United States gold subscription, authorized by an act approved June 2, 1965 (see "Account of the Treasurer of the United States,"
Table 4).
Net decrease is due to sale by the Commodity Credit Corporation of certificates of interest on loans held by the corporation. Net expenditures, excluding this sale, were $340 million.
Reported on an accrual basis effective June 30, 1955Consists 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 dedlicted
from the totals (see Reporting Bases, p. II).
-
10/
11/
12/
"
p
Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance
Fund beginning I960; St. Layrence Seaway Development Corporation
beginning I960; Economic Opportunity Loan Fund and Upper Colorado
River storage project beginning 19b5; and Farmers' Home Administration
rural housing loans beginning 1966.
For net cost of Canal Zone Government, less tolls on Government vessels, and for part of treaty payment for use of Canal Zone.
Includes $48 million for power marketing agencies.
Includes $9 million for fees and other charges of power marketing
agencies.
Less than $500,000.
Preliminary.
(Continued)
Effective January 1, 1957, the production credit coporations were
merged in the Federal intermediate credit banks, pursuant to 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
"Account of the Treasurer of the United States," Table 4) and
$1,031 million in special notes. The special notes of the United
States issued to international institutions are nonnegotiable and
noninterest-bearing and are payable on demand.
See also "Consolidated Cash Transactions," Table 2 and "Debt Outstanding," Table 1.
Includes an allowance for contingencies of $350 million.
Less than $500,000.
Preliminary.
July
1966
Treasury Bulletin
8
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
6.
-
Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
1966 through May 1/
Function
code
number
National defense
Department of Defense-Military
Military assistance
Atomic energy
Deren§e-related activities
1961
1962
1963
196i
1965
Expenditures
;
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
43,2?7
1,449
2,713
48,252
49,760
1,721
104
46,815
1,390
2,806
92
2,758
24
1,485
2,765
172
47,404
51,103
52,755
;'ifj
?49
2,130
346
1,826
46,173
1,229
2,625
136
43,476
789
2,179
-23
54,181
50,163
51,415
297
1,479
207
1,704
346
2,094
223
1,641
295
2,010
206
1,330
:
151
152
153
1,927
158
197
15/i
1,653
1,726
Total international affairs and finance
201
1
,779
3,954
4,301
4,151
3,687
4,304
3,841
Space research and technology
251
744
1,257
2,552
4,171
5,093
5,362
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
352
353
35i
355
2,345
349
3,093
234
303
367
3,954
300
342
4,144
3,438
268
392
2,411
248
Total agriculture and agricultural resources
Natural resources:
Land and water resources
Forest resources
Mineral resources
Fish and wildlife resources
Recreational resources
General resource surveys and administration
301
347
324
341
324
391
3,1367
4,338
5,311
1,444
1,623
280
,779
303
402
403
331
61
73
Housing and community development
A ids to private housing
Public housing programs
Urban renewal and community facilities
National Capital region
4,898
3,775
1,832
332
1,922
374
1,962
377
101
117
136
71
91
105
130
55
94
60
105
120
134
73
73
94
82
,056
2,206
2,431
2,563
2,750
2,775
716
569
731
654
808
672
375
728
36
33
41
914
271
797
427
770
366
335
658
39
578
101
67
7
74
.573
,774
-44
150
502
503
505
506
507
508
Total commerce and transportation
5,475
94
501
^
457
342
309
465
341
112
01
405
409
Commerce and transportation;
Aviation
Water transportation
Highways
Postal service
Advancement of business
Area and regional development
Regulation of business
342
324
414
81
AOi,
Total natural resources
68
1
251
401
401
805
557
398
91
93
803
640
47
811
510
150
91
2,843
3,002
3,499
3,053
-149
-537
-595
51
74
178
222
70
149
306
59
-818
230
420
64
-252
204
162
163
261
340
-67
-30
-104
426
1,873
345
1,382
1,767
454
3,283
790
628
39
:
^
551
552
553
555
Total housing and community development
Health, labor, and welfare
Health services and research 6/
Labor and manpower
Public assistance 7/.
Economic opportunity program
Other welfare services
425
50
:
.
651
652
653
655
659
Total health, labor, and welfare
Education;
Assistance
Assistance
Assistance
Other aids
for elementary and secondary education 8/.
for higher education 2/
to science education and basic research.
to education 8/
.
961
1,--33
1,511
809
591
,'47
2,331
224
2,631
2,786
327
382
423
466
,"44
4,538
4,789
5,475
332
286
337
350
41
383
310
181
183
207
392
428
206
219
404
143
241
413
309
405
1,091
698
323
352
943
1,076
1,244
1,339
1,544
2,465
2,034
1,532
559
1,030
259
2,017
1,635
2,116
1,698
-13
1,145
240
2,153
1,743
2,176
1,864
-50
1,270
3,935
388
1,084
279
5,414
5,403
5,186
5,492
211
701
702
703
704
Total education
Veterans' benefits and services:
Veterans' service-connected compensation 10/
Veterans' nonservice-connected pension 11/.
Veterans' readjustment benefits 12/.
Veterans' hospitals and medical care
Other veterans' benefits and services 11/.
Total veterans' benefits and services
Footnotes at end of table.
801
802
803
804
805
464
2,827
(Coijtinu^ed on
following page)
113
1,229
513
6,921
235
-567
1,210
150
5,405
4,728
Unexpended
balances end
of period 2/
1966
July
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table
6.
-
Expenditures and Balances by Functions- (Continued)
(Fiscal years; in millions of dollars)
1966 through May 1/
Functions
Interest
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
1961
1962
1963
:
851
852
853
Total interest
General government !
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management
Protective services and alien control
Other general government
Total general government
Undistributed
Total
Certain interfund transactions included
both expenditures and receipts
Less:
Budget expenditures (see table 3)
8,957
83
9,120
68
10
10
9,050
9,198
118
135
901
902
903
904
905
906
908
910
1
52
22
57
22
607
372
140
289
109
653
419
153
300
136
1964
1965
Unexpended
Expenditures balances end
of period 2/
Treasury Bulletin
10
.TRUST AND OTHER TRANSACTIONS.
Table
1. -
Summary
of Trust and Other Transactions
(In millions of dollars)
..
,
.
July
n
1966
.TRUST AND OTHER TRANSACTIONS.
Table
3.
-
Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
Federal Old-Age
and Survivors
Insurance Trust
Fund
64
19 877
1,942
2,426
1,274
1,779
150
95
1,324
1,319
2,114
1,468
1,496
1,436
122
121
191
138
140
229
97
1,506
1,542
1,545
1,552
1,599
1,869
141
146
1967 (Est)
,
1966- January.
February
March,
April.
May
June
, ,
.
.
p,
.
Railroad
Retirement
Account
1,49B
1,935
6,665
8,041
9,380
11,073
11,752
13,270
14,530
15,285
15,962
18,769
July
August. .
September
October.
November.
December.
Federal
Hospital
Insurance
Trust Fund
682
730
778
1,136
1,124
1,135
1,112
1,139
1,185
1,246
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
1965-June
Federal
Disability
Insurance
Trust Fund
1
181
3ol
5hl
74b
1,089
1,259
1
,
341
147
146
147
267
100
107
103
106
63
Unemployment
Trust
Fund
1,644
3,148
3,054
2,736
4,734 1/
3,906
3,815
3,707
3,130
2,688
National
Service Life
Insurance
Fund
515
5U
Government
Life
Insurance
Fund
86
120
Federal
employees'
retirement
funds
Highway
Trust
Fund
591
966
1,512
2,613
2,945
2,620
2,784
3,017
3,645
4,026
3,966
488
69
699
792
896
955
1,063
1,183
1,326
1,446
1,695
2,947
603
68
1,802
4,080
248
29
127
358
158
208
34
29
31
30
30
35
127
130
129
132
131
131
337
331
469
399
422
372
50
141
152
157
154
155
157
273
264
246
232
260
361
204
99
167
265
236
108
107
103
107
106
102
247
268
351
165
220
200
562
582
707
626
747
585
545
41
60
50
46
50
80
83
94
96
79
72
71
Treasury Bulletin
.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, etc.
Fiscal year
or month
Total
trust
accounts,
Total
1/
etc. 1/
2,339
597
-1,130
925
855
i93
1957
1958
1959
I960
1961
1962
1963
196i
1965
1966 p
2,302
506
-1,232
760
707
301
Federal
Old-Age and
Survivors
Insurance
Trust Fund
220
-499
-1,290
-726
-?25
-1,089
36
-33
-35
264
—78
-63
494
285
21
Unemployment
Trust
Fund
r74
-1,255
-1 ,011
-41
-952
126
204
-21
976
74
-23
1,049
-90
-115
190
28
485
-27
-661
9
-3
-5
-2
-3
6^
12
68
117
34
-23
-47
-59
-149
347
82
13
95
-121
-25
296
307
27
558
-1,045
2,515
-1,210
-1,308
-1,108
2,446
-1,206
-1,206
-911
1,295
-1,119
-82
-6
-76
637
-68
-77
519
-935
563
-99
48
-103
-105
-26
-151
1966- January.
February.
March....
April
May
June p....
-1,897
1,749
2
-1,170
4,023
2,327
-968
233
-596
-1 ,937
-1 ,499
1,721
-20
-1,210
888
-58
-869
2,322
482
4,015
2,274
-129
68
-89
-19
-35
3
149
143
-76
55
172
250
189
-14
-73
-40
18
-92
11
562
127 2/
-24 2/
-3 2/
45
27
93
967
1,468
I64
-1 ,025
871
958
etc. 1/
6'^
-20
-1
-21
404
418
-393
-428
233
202
242
-69
-344
-28
Other
trust
accounts
573
72
1,200
July
August.
September
October.
November.
December
803
671
Highway
Trust
Fund
456
472
615
-16
-56
-17
Federal
employees
retirement
funds
1,063
1,034
1,075
1,126
1,214
1,113
4,509
i,9U
95
76
62
Government
Life
Insurance
Fund
-35
-44
-25
-22
-22
786
1
National
Service
Life
Insurance
Fund
-44
44
-90
6^
149
154
775
356
571
.
325
729
552
Railroad
Retirement
Account
692
46
-857
-821
1967 (Est.)...
Federal
Hospital
Insurance
Trust Fund
-129
-139
-263
-413
1,782
2,412
2,327
3,365
1965- June
Federal
Disability
Insurance
Trust Fund
303
-12
-174
346
-186
-129
864
-11
10
14
12
7
-4
-5
-9
-9
-4
52
-2
40
»
-6
-4
-6
64
43
27
16
53
61
38
-5
30
46
31
2I
31
535
-9
181
301
70
-32
471
233 2/
2
51
-78
277
-17
•155
.
Juhf
'
1966
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
V
Total
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Admiiiis-
tration
1957
1958
1959
I960
-1,171
-400
-1 ,293
-1 ,746
-33
1961
537
-1,780
-204
-162
-206
223
6
-10
-29
Home
Owners
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
Public enterprise funds
Total not
guaranteed
D. C.
stadium
fund
-33
6
-10
-28
-1,137 1/
-406
-1,283
-1,717
1966 P
-4,078
-100
-204
-162
-206
223
129
129
638
-1,576
-860
-1 ,674
-1,595
-4,207
1967 (Est.)...
-1,338
154
154
-1,492
1965-June
-378
16
16
-393
July
-15
-473
116
-23
-20
-131
28
9
116
-28
-20
29
28
9
-265
-260
40
-19
40
-19
-305
-341
-21
-21
1962
1963
1964
1965
-1 ,022
-1 ,880
-1 ,372
August
September
October.
November
December.
. . .
1966-January. .
February.
March ....
April. ...
May
JuDe p. .
49
-33
-168
45
29
-8}
-732
-13
-13
-1 ,070
3
3
-814
4
4
-19
-4';5
69
-62
-197
35
-241
-321
-720
-1,072
-818
Federal
National
Mortgage
Association
-233
6
797
Home
Owners'
Loan
Corporation
Treasury Bulletin
u
.TRUST AND OTHER TRANSACTIONS.
Table
6.-
Interfund Transactions Excluded from
Both Net Trust Receipts and Trust Expenditures
(In millions of dollars)
Fiscal year
or month
1957
1958
1959
i960
^2i.
19^1
1962
1963
1964
1%5
1966p
1967 (Est.)...
1965-June
July
Augu??t..
.
September
October.
November
December
1
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
%6-January
.
February.
March
April. .
May
June p. . .
.
'
Jaly
15
1966
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
from expenditures currently, but are added later when actual
These items consist of certain interest
Bulletin are on a basis consistent with Federal receipts from
payments are made.
and payments to the public as derived in the Budget of the
accrued on the public debt and expenditures involving the
United States (in the Budget for 1967 in Special Analysis A).
issuance of a few special public debt securities.
Shovm also is the amount of net cash borrowing from, or repay-
outstanding, deposits in transit, and other clearing accounts
ment of borrowing to, the public.
Revisions of the figures
are excluded from payments.
Checks
Receipts from the exercise of
for earlier years have been made where necessary to make them
monetary authority are excluded as not representing cash
aa nearly comparable with current Budget classifications as
received from the public.
Federal cash borrowing from the
For this reason certain of the
public includes net borrowing by the Treasury through public
figures differ somewhat from those published in previous
debt transactions and also net borrowing by Government agencies
Budget documents as well as in the Bulletin.
and Government-sponsored enterprises through sales of their
available data will permit.
This series of cash transactions is designed to provide
own securities.
It excludes changes in the public debt which
The
information on the flow of money between the public and the
do not represent direct cash borrowing from the public.
Federal Government as a whole, and therefore includes trans-
net effect of all these transactions with the public is re-
actions not cleared through the account of the Treasurer of
flected in changes in the balance in the Treasurer'
the United States.
Receipts and payments include transactions
both in administrative budget accounts and in trust and deposit
s
account
and in cash held outside the Treasury.
Seasonally adjusted summary data are shown in table
3.
Major intragovemmental transactions which are
The adjusted data have been derived by applying a seasonal
reported as both expenditures and receipts are excluded from
adjustment formula developed by the Bureau of Census, Depart-
fund accounts.
both.
Noncash items representing the obligations of the
Government to make payments in the future also are eliminated
ment of Commerce.
m
ireasury BuUet.
16
CONSOLIDATED CASH TRANSACTIONS
Table
1.
-Summary
of Federal
Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Fiscal year
or month
Administrative budget
receipts
(net)
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
196i
1965
Trust
receipts
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Federal payments to the public
Less:
Total
Federal
receipts
from the
public
Administrative budget
expenditures
Trust fund
expenditures (net)
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Total
Federal
payments
to the
public
Equals:
Excess of cash
receipts from,
or payments
to (-), the
public
1966P
70,562
68,550
67,915
77,763
77,659
Sl,i09
86,376
89,459
93,072
104,631
14,301
16,153
16,769
20,342
23,583
24,290
27,689
30,331
31,047
34,852
^2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
-4,259
-4,420
-5,100
82,105
81,892
81,660
95,078
97,242
101,865
109,739
115,530
119,699
134,382
68,966
71,369
80,342
76,539
81,515
87,787
92,642
97,684
96,507
106,917
12,938
15,325
19,521
21,212
22,793
25,141
26,545
28,835
29,637
34,788
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
-6,237
-3,749
-4,114
80,006
83,472
94,752
94,328
99,542
107,662
113,751
120,332
122,395
137,592
1967 (Est.)...
111,000
41,608
-7,068
145,539
112,847
37,882
-5,681
145,048
491
13,404
3,219
-1,289
15,334
9,070
3,599
-1,098
11,571
3,763
July
August. .
September
October.
November.
December.
3,807
7,350
10,999
3,295
8,106
9,553
1^17
-242
-328
-354
-274
-390
-650
4,981
11,595
7,240
3,990
9,452
8,750
9,105
9,426
2,418
2,349
3,142
2,447
2,707
2,636
37
960
-1,504
-679
500
9,696
12,299
11,090
10,518
12,312
-4,7U
4,572
1,954
1,262
3,012
1,935
-942
U,121
1966-January .
February.
March. .
April.
May
June p .
6,453
8,335
11,297
9,929
8,452
17,054
-313
-116
-238
7,091
12,400
13,804
-290
-348
-1,556
3,043
2,621
2,996
3,335
3,632
3,455
-624
486
-1,103
-372
13,916
20,294
8,809
8,156
10,193
8,362
9,055
11,233
11,264
12,086
11,325
12,821
11,827
1965-Jui.e
.
.
.
.
951
4,181
2,745
2,215
5,812
4,795
Plus:
12, 599
4,283
10,728
10,838
U,B53
9,378
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966 p
1967 (Est.)...
1965-June
July
August.
September
October..
November
December
.
1966-January.
February
March
April. . .
May
June p.
.
Net sales
of Govern-
ment agency
securities i
market 1/
Net in-
vestment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
decrease (-)
Noncash
debt
transactions
(See Table 2)
public,
or repayment (-)
Plus:
Seigniorage
-4,142
1,136
1,713
528
1,095
8,466
140
-23
-4
-222
118
-74
206
174
253
14
1,795
-181
9
-4,124
-858
1,010
-2,852
974
-177
-263
8,626
1,848
712
9,594
5,579
3,859
4,328
2,610
44
-597
-536
-923
-1,033
-1,099
-250
-530
45
69
117
649
-289
-2,060
1,568
-2,180
17
-2,163
367
-383
-332
3,495
2,460
-50
-46
-125
-75
33
r-107
318
-383
-378
3,370
2,385
-24
3,261
-181
-1,973
486
-177
-3,966
-84
-74
1,835
1,338
-4,944
-1,771
-1,944
378
-615
-692
1,658
-1,493
2,154
2,810
-807
15
33
168
-45
1,045
-2,515
1,210
1,308
-519
935
265
260
341
732
1,070
814
1,897
-1,749
-2
1,170
-4,023
-2,327
50
«
-66
45
3,177
-255
-1,924
486
-243
-3,921
Cash held
outside
the
Treasury
-956
4,159
-4,399
2,654
-1,311
3,736
1,636
-1,080
1,575
-203
59
5,853
5,561
2,633
decrease (-)
Treasurer' s
account
h/
49
292
200
-2,160
1,099
1,308
-2,312
-1,416
2,777
-2,452
borrowing
from the
,5,820
-3,392
5,619
10,735
2,446
1,248
10,517
6,612
4,958
4,578
3,141
-4.9
Total
cash
-3,100
-2,339
-597
1,130
-925
-855
-493
-2,069
-2,775
-2,356
-3,571
473
-705
1,509
-6,234
-1,534
-283
Cash balances,
Equals:
net increase, or
1,171
400
1,293
1,746
-537
1,780
1,022
1 , 880
1,372
4,078
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
-1,006
Cash borrowing from the public, or repayment (-)
Change in securities held by the public
Public
debt increase, or
decrease (-)
134
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
-4., 302
-2,696
-3,210
53
55
53
14
26
36
32
48
60
48
71
66
94
lU
-1,076
973
-224
453
1,370
4,330
5
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,354
1,611
-374
1,749
50
1,6U
July
1966
17
CONSOLIDATED CASH TRANSACTIONS-
Table
2.
-
Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Treasury Bulletin
18
•CONSOLIDATED CASH TRANSACTIONS
Table
3.
-
Federal Receipts from and Payments to the Public
Seasonally Adjusted
and Unadjusted
(in millions of dollars)
Payments to the Public
Receipts from the Public
Calendar quarter
Adjusted
1957 - 1st
2nd
3rd
ith
20,820
21,403
21,172
20,616
Unadjusted
24,617
24,846
18,653
16,404
Adjusted
20,792
20,947
20,919
20,663
Unadjusted
Excess of Receipts
or Payments (-)
Adjusted
28
Unadjusted
19,814
21,574
21,099
20,909
456
253
-47
4,803
3,272
-2,446
-4,505
3,992
1,379
-5,460
-7,132
1958 - 1st
2nd
3rd
4th
20,509
20,088
20,299
20, iM,
23,618
23,219
13,274
16,618
20,652
21,296
23,441
23,412
19,626
21,840
23,734
23,750
-143
-1,208
-3,142
-2,968
1959 - 1st
2nd
3rd
4th
20,222
20,923
23,273
23,474
22,628
24,024
23,962
24,005
5U
22,764
24,503
24,375
23,917
-3,802
-3,039
-732
-40
-136
-362
-3,011
-4,497
1960 - 1st
2nd
3rd
4th
23,667
24,701
25,034
24,665
25,776
28,519
23,352
20,640
23,233
23,635
23,682
24,105
21,958
24,079
24,156
24,540
434
1,066
1,352
3,813
4,440
-304
-3,900
1961 - 1st
2nd
3rd
4th
23,227
24,614
24,788
25,298
24,758
28,491
23,381
21,289
24,802
27,025
26,117
26,628
23,402
27,444
26,715
27,173
-1,575
-2,411
-1,329
-1,330
1,356
1,047
-3,334
-5,884,
1962 - 1st
2nd
3rd
4th
24,971
26,652
27,434
27,262
26,214
30,981
26,029
22,982
27,540
27,498
27,795
28,954
25,923
27,851
28,502
29,599
-2,569
-361
-1,692
291
3,130
-2,473
-6,617
1963 - 1st
2nd
27,069
27,911
28,699
29,113
28,178
32,551
27,304
24,543
28,209
28,847
30,127
29,881
26,519
29,130
30,952
30,619
-1,140
-936
-1,428
-768
1,657
3,420
-3,648
-6,077
1964 - 1st
2nd
3rd
4th
29,251
28,582 1/
28,401
28,847
30,321
33,362
27,035
24,312
30,597
29,815
30,039
29,828
28,706
30,054
30,913
30,599
-1,346
-1,233
-1,638
-981
1,615
3,309
-3,877
-6,287
1965 - 1st
2nd
3ra
4th
29,724
32,646 1/
30,646
30,685
30,669
37,683
29,175
25,849
30,165
32,395
32,104
33,098
28,270
33,085
33,951
-441
251
-1,458
-2,413
2,398
5,069
-3,910
-8,101
1966 - 1st
2nd
33,684
39,567 1/
33,295
46,063
36,908
35,758
34,583
35,973
-3,224
+3,809
-1,288
+10,089
3rd
4th
24,
Ul
21,364
19,420
Source: Adjusted data from Bureau of the Budget; unadjusted data
from Treasury Department.
1/ Includes accelerated corporate tax payments of about $300 million
Also,
in 1964, $900 million in 1965, and J2,800 million in 1966.
23,
32,
6U
560
-84f
the 2nd quarter of 1966 includes about $300 million for the
initiation of graduated withholding of personal income taxes and
$1,400 million because of a change in the schedule for depositing
withheld and OASI taxes.
,
July
1966
19
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
the same bank.
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
they or*
The tax and loam account system permits the Treasury
restored by calling In (transferring) funds from the tax and
loan, accounts with thousands of commercial banks throughout
to leave funds in banks and In the communities in which they
arise until such time as the Treasury needs the funds for its
the country.
operations.
As the balances In these accounts become depleted,
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to
all banks whereby cuetomers 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
In this way the Treasury is able to neutralize
the effect of Its fluctuating operations on bank reserves
and the economy.
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, pages 275-284.
money from a customer's account to the tax and loan account In
Table
1. -
Status of the Account of the Treasurer of the United States
Treasury Bulletin
20
.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
Taxes
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
1965- June
July
August
September,
October.
November .
December.
.
.
1966- January
February
.
March
April
Hay
June
.
.
Tax
anticipation
securities
Income (by
special
arrangement)
Witheld
and
excise 2/
2/
2/
Withdrawals
High
4,152
7,903
5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522
45,448
55,044
58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
46,000
50,908
62,994
54,782
56,847
53,076
56,085
59,421
58,540
75,338
207
4,655
2,044
6,906
229
210
193
196
200
211
1,462
5,542
4,120
1,134
4,940
4,024
74
261
218
265
246
242
232
5,043
2,922
7,581
7,784
7,613
5,898
2,963
2,340
7,368
6,568
13,513
13,164
7,920
1,788
3,774
3,830
2,014
1,627
3,931
2,452
985
1,627
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
End of
period
Average
^
5,453
8,815
10,324
9,180
10,689
10,050
6,078
8,869
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
813
1,078
912
1,390
1,161
1,531
2,535
1,577
1,844
U7
4,747
5,431
4,324
5,040
10,689
10,872
5,766
7,968
6,120
6,537
7,690
8,198
6,253
6,453
6,333
5,548
6,394
3,534
4,872
4,577
11,274
6,521
6,948
6,001
5,186
5,124
6,U5
1,924
1,764
5,752
8,536
5,337
7,592
6,159
5,197
1,806
2,533
1,427
1,253
8,104
5,962
4,349
4,431
2,881
3,401
53
4,374
5,591
4,900
7,546
4,067
6,013
3,360
4,399
4,444
4,491
6,003
10,050
4,581
4,856
5,101
1,374
2,382
1,002
447
4,347
1,700
3,120
3,630
3,252
2,269
5,677
4,812
4,223
76
1,447
5,721
5,133
1,256
6,540
7,158
2,193
2,612
743
2,626
Source:
1/
Total
credits
26,709
27,881
29,190
33,059
34,511
37,519
41,267
43,580
42,475
48,478
2,976
2,824
2,668
2,679
2,787
2,725
2,699
2,760
2,635
2,704
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Retirement
plan
bonds 2/
During period
4/
^
r
5,939
7,591
4,114
7,526
10,016
5,969
4,082
8,218
3,744
6,458
4,49Ur
6,715
10,050
2,987
3,246
3,638
4,103
4,151
4,457
5,325
March 19^8; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; and a number of excise taxes
beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, made by checks
of $10,000 or more drawn on a special depositary bank, to be credited
to the tax and loan account in that bank.
This procedure is followed
during some of the periods of heavy tax payments.
Less than $500,000.
Revised.
1
..
...
.
.
.
21
1966
July
•ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table
3.
-
Summary
Cash Transactions through the Account
of
of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Fiscal year
or month
Deposits and withdrawals (budget,
trust, and other accounts)
Cash
deposits
121 562
125 ,464
Ul ,095
77,279
85,015
93,736
93,817
97,774
112,188
118,477
124,047
126,395
142,191
81 ,875
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Cash withdrawals 1/
82 ,094
81 ,612
,862
96 ,897
105 911
lU
454
Excess of deposits,
or withdrawals (-)
4,596
-2,921
-12,124
Clearing
accounts
Total net
transactions
Plus:
Net cash borrowing, or repayment of
borrowing (-)
Treasurer's
Equals;
account balance, increase, or decrease C-)
2/
-1,904
1,827
-306
1,0U
309
-877
-6,278
-4,023
-2,485
-931
-1,095
-510
1,259
1,039
-1,491
-584
-1,075
2,692
-1,094
-12,430
1,353
-1,337
-5,018
-2,984
-3,975
-1,515
-2,171
-3,648
5,253
8,032
1,301
76
8,755
4,670
2,895
3,089
1,968
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
15,018
10,775
4,24.4
457
4,701
-2,906
1,795
July
August. .
September
October.
November
December.
5,564
12,909
12,584
4,591
11,913
10,715
9,U5
14,106
10,105
11,314
13,321
11,223
-3,880
-1,197
2,479
-6,723
-1,408
-509
-746
807
-1,090
491
206
354
-4,627
-390
1,390
-6,232
-1,203
-155
502
-469
-380
3,379
2,176
-22
-4,124
-858
1,010
-2,852
974
-177
1966-January .
February.
March. . ..
April ....
May
June
7,748
14,004
13,881
11,720
16,261
19,205
10,731
12,821
12,280
11,007
14,874
10,964
-2,984
1,184
1,601
712
-1,228
80
263
-847
342
293
-4,212
1,264
1,864
-134
1,729
8,535
3,136
-291
-2,089
-1,076
973
-224
587
453
1,370
4,330
1965-June
1,387
8,242
Figures
Actual figures are based on the daily Treasury statement.
Source:
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.
Table
4.
-
Gold Assets and
l/
2/
-359
-4,204
Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
Liabilities of the
Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
22,781.0
20,534.3
19,455.9
17,766.6
16,889.0
15,978.1
15,513.0
15,387.7
13,733.2
1957
1958
1959
1960
1961
1962
1963
1964
1965
July
August
September
October.
November
December.
.
.
1966-January
February
March. .
.
.
April.
May
.
.
June
Circulation Statement of United States Money through 1965; daily
Treasury statement thereafter.
Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistics," Table 1.
Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificates credits in (a) the gold certificate fund - Board of Governors, Federal Reserve System, and (b) the
redemption fund - Federal Reserve notes; (3) reserve of $156.0 million
against United States notes and through June 30, 1961, Treasury notes
Source:
1/
2/
2/
4/
V
Balance of gold in
Treasurer's account
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,231.0
13,626.4
508.1
396.1
105.4
101.0
117.8
126.0
120.1
156.7
106.8
13,826.3
107.8
13,857.4
13,857.0
13,857.6
13,857.2
13,804.9
13,733.2
13,747.0
13,752.4
13,751.0
13,747.2
13,702.5
13,626.4
110.4
104.6
106.7
110.0
102.4
106.8
13,732.2
13,730.2
13,633.5
13,632.0
13,532.2
13,433.5
13,627.6
13,625.3
13,525.0
13,527.2
13,430.5
13,331.7
104.6
104.9
108.5
104.7
101.6
101.8
13,934.1
1965-June
y
Liabilities:
Gold certificates,
etc. 2/
of 1890; and (4) gold deposited by and held for the International
Monetary Fund.
The United States payment of the $343.8 million increase in its gold
subscription to the International Monetary Fund, authorized by the
act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959.
The United States payment of the $258.8 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965, (79 Stat. 119) was made on June 30,
1965.
Treasury Bulletin
22
MONETARY STATISTICS.
Table
Money
1. -
in Circulation
(In millions of dollars except per capita figures)
Currencies presently
being issued L/
Currencies no longer issued
End of fiscal
year or month
1957
1958
1959
i960
1961
1962
1963
196i
1965
Federal
Reserve
bank
notes
National
bank
notes
133
120
110
100
92
85
78
62
33
59
57
56
5i
53
32
31
Gold
certificates 2/
Silver
certificates
2,162
2,200
2,155
2,127
2,094
2,009
Federal
Reserve
notes 2/
38
37
37
37
36
36
18
18
i
Treasury
notes of
1890
Total
United
States
notes
Federal
Reserve
notes 4/
currencies
321
317
316
318
318
318
319
321
302
26,291
26,30i
26,992
27,057
27,316
28,536
30,274
32,338
34,820
29,040
29,071
29,699
29,726
.29,943
68
37
36
22
30
30
29
20
19
13
196A-December.
70
23
13
1,232
299
34,573
36,214
1965-Way
June
69
22
22
13
13
877
829
303
302
34,311
34,820
35,599
36,058
22
22
22
22
22
22
13
13
13
13
13
13
786
753
722
693
681
651
299
302
302
301
305
299
35,016
35,253
35,506
35,793
36,777
36,973
36,208
36,414
36,635
36,898
37,868
38,029
22
22
13
629
619
609
597
591
291
294
36,007
36,139
36,308
36,348
36,875
37,032
37,156
37,318
37,346
37,872
.73
July
August. .
September
October.
November.
December.
1966-January
February
66
66
65
65
65
.
March.
April.
.
.
.
.
67
67
67
66
66
May
End of fiscal
year or month
1957
1958
1959
1960
1961
1962
1963
1964
1965
Standard
silver
dollars
253
268
285
305
329
360
411
482
482
l,B/i7
1,723
829
13
13
22
22
13
22
13
296
298
30;'
Fractional
coin
2,042
2,101
2,215
2,338
2,462
2,652
2,878
3,205
3,662
1,739
1,833
1,929
2,033
2,133
2,293
2,466
2,723
3,180
31,117
32,592
34,529
36,058
Total
money in
circulation ^'
Money in
circulation
per capita
( in dollars)
6/
31,082
31,172
31,914
32,065
32,405
33,770
35,470
37,734
39,720
181.52
179.08
180.20
177.47
176.45
180.98
187.30
196.41
204.13
1964-December
482
2,923
3,405
39,619
204.75
1965-May
June
482
482
3,126
3,180
3,608
3,662
39,207
39,720
201. 71r
204.13
482
482
482
432
482
482
3,203
3,269
3,326
3,374
3,474
3,545
3,689
3,751
3,808
3,856
3,956
4,027
39,897
40,165
40,443
40,754
41,824
42,056
204.81
205.95
207.14
208.52
213.79
214.78
1966-January.
February.
March. ...
April ....
482
482
482
432
3,578
3,614
3,670
Ifay
482
3,749
4,060
4,096
4,152
4,192
4,231
41,092
41,252
41,469
41,538
42,102 7/
209.65
210.29
211.21
211. 39r
214.07
July
August
September.
October. .
November.
December.
.
.
.
.
3,711
Circulation Statement of United States Money through December 1965;
thereafter. Statement of United States Currency and Coin.
l/. Excludes gold certificates. Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
Source:
4/
^
6/
7/
Issued on and after July 1, 1929.
Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population. Beginning
fiscal 1959 estimates include Alaska, and fiscal 1960, Hawaii.
Highest amount to date.
Revised.
Less than $500,000.
r
..
.
Juhf
.
1966
23
DEBT OUTSTANDING
Table
1.
-
Summary
of Federal Securities
(In millions of dollars)
Total outstanding
Interest-bearing debt
Matured debt and debt bearing no interest
Public debt
End of
fiscal
year or
month
GuaranTotal 1/
Public
debt 2/
teed
securities
Public
debt
270 ,634
276 AU,
28i ,817
286 ,471
289 ,211
298 645
306 ,466
312 526
317 ,864
320 ,369
270,527
276,343
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
1965-June.
317,864
July
August.
September.
October.
November
December.
.
.
.
.
1966- January..
February .
March
April
May
June
462
268,592
274,798
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
317,274
590
313,702
317,056
318,742
317,270
319,394
322,176
321,359
316,582
318,240
316,748
318,901
321,711
320,904
474
502
522
493
465
455
322,419
323,746
321,454
320,051
322,325
320,369
322,003
323,311
320,999
319,583
322,359
319,907
416
435
456
468
466
462
107
101
111
140
240
444
607
813
590
106
101
110
139
240
2.
-
Computed
Total
460
2,042
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
2,042
1,646
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
313,113
589
4,163
4,161
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
470
499
4,384
3U,557
317,357
316,515
490
462
453
4,388
4,346
4,391
4,347
4,357
4,391
318,012
319,354
317,036
315,686
318,392
315,892
317,599
318,921
316,58:
315,219
317,927
315,431
413
433
454
467
464
460
4,407
4,392
4,418
4,366
4,433
4,477
4U
605
812
589
519
Source: Daily Treasury statement.
For amounts
1/ Includes certain debt not subject to statutory limitation.
subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Table
Special notes to
Matured
y
i/
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Guaranteed
securities
4/
2/
4/
^
529
597
476
445
349
International
MonetaryFund
International
Development
Association
1,068
618
1,979
2,238
2,496
2,667
2,922
3,289
3,167
Other
3,6U
125
150
150
132
292
3,167
138
150
414
4,388
4,345
4,355
4,389
240
227
234
195
244
278
3,462
3,434
3,494
3,489
3,470
3,470
138
138
118
118
100
100
150
150
150
150
150
150
394
394
393
393
391
391
4,404
4,391
4,417
4,364
4,432
4,476
230
246
245
197
233
308
3,558
3,548
3,592
3,597
3,627
3,614
82
82
64
64
64
64
142
142
142
136
136
132
392
372
373
371
373
359
4,3U
295
292
308
55
Guaranteed
securities 2/
(matured)
444
430
417
407
396
484
420
480
58
115
129
142
138
64
438
310
4U
359
Treasury (see Table 6)
Held outside the Treasury.
Consists of Federal Housing Administration debentures, and also D. C
Armory Board stadium bonds beginning July 1959.
For current month detail, see "Statutory Debt Limitation," Table 2.
Computed Interest Rate on Federal
Interest Charge and
InterAmerican
Development Bank
Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
268,592
274,798
281,944
283,380
285,911
294,886
302,559
1965-June.
.
.
1966-January
February
March
April
May
June
.
.
.
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Total
public
debt
7,325
7,245
8,066
9,316
8,761
9,519
10,119
10,900
11,467
12,516
2.730
2.638
2.867
3.297
3.072
3.240
3.361
3.561
3.678
3.988
2.730
2.638
2.867
3.297
313,702
315,892
7,328
7,248
8,069
9,320
8,769
9,534
10,141
10,931
11,488
12,533
313,702
313,113
11,488
11,467
312,667
314,396
312,879
315,047
317,819
316,968
312,197
313,896
312,359
314,557
317,357
316,515
11,
UO
318,012
319,354
317,036
315,686
318,392
315,892
317,599
318,921
316,582
315,219
317,927
315,431
Total
2/
Bills Certificates
Notes
Treasury
bonds
2.504
2.806
3.304
4.058
3.704
3.680
3.921
3.854
3.842
4.321
2.482
2.576
2.619
2.639
2.829
3.122
3.344
3.471
3.642
3.655
i/
3.239
3.360
3.560
3.678
3.988
2.707
2.546
2.891
3.449
3.063
3.285
3.425
3.659
3.800
4.134
3.197
1.033
3.316
3.815
2.584
2.926
3.081
3.729
4. 064
4.845
3.678
3.678
3.800
4.064
3.842
3.642
11,530
11,487
11,607
11,796
11,846
11,423
11,512
11,468
11,590
11,779
11,830
3.675
3.683
3.688
3.702
3.730
3.756
3.675
3.683
3.688
3.702
3.730
3.756
3.795
3.800
3.807
3.821
3.857
3.890
4.047
4.047
4.074
4.097
4.154
4.273
3.842
3.848
3.848
3.860
3.934
3.933
3.642
3.652
3.652
3.652
3.652
3.653
11,998
12,265
12,429
12,306
12,564
12,533
11,983
12,249
12,412
12,289
12,547
12,516
3.792
3.860
3.940
3.918
3.967
3.988
On the basis of the daily Treasury statement.
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
The charge is comyear at the applicable annual rate of interest.
puted 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 1960).
The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
Source:
Note:
Marketable issues
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
308,l(fl
July
August. .
September.
October. .
November
December.
Public
debt
Computed annual
interest charge
3.072
3.345
3.330
2.842
4.721
3.073
3.377
3.283
4.851
Nonmarket- Specie 1
issues
able
issues 4/
2.853
2.892
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
Guaranteed
securities
1/
.635
.630
.694
,772
,803
,891
,003
,238
,372
,693
2.611
2.622
2.628
2.681
3.493
,372
3.660
3.491
3.506
3.510
3.519
3.523
3.530
3.367
3.398
3.382
3.383
3.397
3.412
3.580
3.615
3.640
3.620
3.603
3.593
3.U4
3.500
3.658
3.782
3.660
3.632
3.429
3.932
3.653
3.534
3.555
3.934 4.395 4.851
3.793
3.472
3.573
4.162
3.654
3.537
4.026 4.522 4.851
3.861
3.488
3.598
4.158
3.654
3 862
4.059 4.671 4.851
3.941
3.625
4.164
3.655
3 ,708
3.455
4.071 4.710 4.851
3.919
3.552
3.631
4.321
3.654
3 ,713
4.130 4.780 4.851
3.967
3.988
4.321
3.655
3.693
3.632
4.134 4.845 4.851
3.713
interest charge for the total, or for any group of issues, by THF"
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.
1/ Guaranteed securities included are those held outside the Treasury.
2/ Total includes "Other bonds" through I960; see Table 3.
1/ Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
4/ On United States savings bonds the rate to maturity is applied against
the amount outstanding.
Treasury Bulletin
24
DEBT OUTSTANDING
Table
3.
-
Interest-Bearing Public Debt
Cin millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1965-June.
July
August.
September,
October,
November
December.
.
.
.
.
1966-January
February
March
April
May
June
.
.
.
Treasury
Total
public
issues
bonds,
savings investbonds
ment
series
u. s.
Bills
Certificates
Notes
20,473
32,920
33,843
17,650
13,338
13,547
22,169
30,973
20,416
Treasury
Total
bonds 1/
47,514
47,607
48,314
49,299
50,043
50,537
44
860
648
392
1,132
817
55,768
50,043
3,256
59
1,132
55,744
55,714
55,909
55,503
55,685
55,655
50,119
50,155
50,180
50,259
50,320
50,324
3,255
3,252
3,243
2,816
2,809
2,797
51
919
864
55,587
55,449
55,473
55,293
55,358
55,183
50,319
50,335
50,383
50,42C
50,483
50,537
2,780
2,774
2,757
2,704
2,694
2,692
67,284
52,549
50,649
53,665
52,549
102,481
53,662
53,657
53,655
57,660
60,172
60,177
52,549
50,435
50,444
50,175
50,215
50,227
102,452
104,310
104,282
104,262
104,232
104,201
50,244
50,881
50,891
50,793
50,647
50,649
104,171
103,155
103,126
103,083
102,011
101,897
155,705
:66,675
178,027
183,845
187,148
196,072203,508
206,489
208,695
209,127
23,420
22,406
32', 017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
313,113
264,463
208,695
312,197
313,896
312,359
314,557
317,357
316,515
264,408
264,116
264,290
267,600
270,304
270,260
208,664
208,402
208,381
212,097
214,619
214,604
317, 599
273,243
273,139
270,623
270,298
269,122
264,311
217,656
217,690
215,150
215,004
213,764
209,127
61, 589
62,002
59,481
59,477
59,454
54,929
1,652
1,652
1,652
1,652
1,652
1,652
1,652
27,
3U
51,483
56,257
65,464
52,
H5
bonds
Foreign
series
securities 2/
196
171
183
170
117
138
103
103
65,953
61,777
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,133
221,658
228,452
237,078
238,342
240,629
249,503
257,153
260,729
264,463
264,311
Depositary
11,135
9,621
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
80,839
90,932
84,853
81,297
80,830
75,025
81,964
88,464
102,481
101,897
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
318,921
316,582
315,219
317,927
315,431
Nonmarketable
Marketable
54,622
51,984
50,503
47,
5U
59
49
48
49
49
49
47
47
47
47
45
44
1,0U
1,034
1,164
1,144
1,099
Foreign
currency
series
securities 2/
July
1966
25
DEBT OUTSTANDING
Table
5.
-
Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Exchange
Stabilization
Fund
End of fiscal
year or month
1965-Jvme
July
August
September
October
November
December.
.
1966- January.
February.
March.
April ....
.
May
June
.
.
.
.
.
.
.
banics
Insui'ance
Trust Fund
Federal
employees
retirement
funds
Government
Life
Insurance
Fund
103
112
116
104
138
182
93
332
287
223
7,394
7,738
8,608
9,397
10,414
11,332
12,438
13,530
14,577
15,189
1,200
1,144
1,127
1,107
1,071
1,028
1,003
956
933
924
19,463
18,610
17,227
16,413
16,200
15,074
14,221
14,799
15,261
14,403
938
50
Highway
Trust
Fund
National
Service
Life
Insurance
Fund
Railroad
Retirement
AccQiint
Unemployment
Trust
Fund
Other
1/
265
238
5,570
5,665
5,742
5,803
5,759
5,804
5,714
5,783
5,909
6,113
3,475
3,531
3,417
3,536
3,504
3,316
2,786
2,969
3,123
3,277
7,996
6,671
5,636
5,530
4,625
4,657
4,803
4,931
5,799
7,075
129
120
126
138
192
132
155
172
287
974
404
822
429
312
1,563
100
15,261
287
14,577
933
265
5,909
3,123
5,799
237
586
658
470
542
412
487
312
130
94
200
155
160
1,464
1,511
1,408
1,302
1,276
1,125
59
333
206
213
466
293
14,350
15,645
14, 526
13,501
13,734
13,133
302
187
137
162
108
126
14,643
931
926
924
921
917
939
277
254
207
149
5,918
5,928
5,936
5,949
5,961
5,967
3,041
3,035
3,034
2,945
2,926
5,723
6,410
6,342
6,265
6,376
6,364
183
242
234
267
166
169
508
556
561
828
217
164
164
167
784
57
57
996
1,064
1,067
992
1,163
1,150
76
190
333
105
476
924
11,639
12,527
12,469
11,599
13,921
14,403
141
137
146
153
123
223
108
292
232
560
48,650
47,789
49,780
48,069
46,957
47,052
46,255
560
165
165
59
50
74
372
82
100
Daily Treasury statement
Source
1/ Consists of: Adjusted Service Certificate Fund through December 1956;
Postal Savings System through 1962; various housing insurance funds;
:
Federal
Savings
and Loan
Insurance
Corporation
232
,939
,801
,627
,650
,120
44,356
45,781
45,959
44,921
48,805
51,120
Federal
Federal Old Age
and
home
Survivors
loan
57
,0«
718
673
629
694
556
500
260
270
312
Federal
Disability
Insurance
Trust
Fund
325
996
1,533
2,017
2,299
2,304
2,165
1,903
1,563
1,150
827
246
756
,899
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Federal
Deposit
Insurance
Corporation
14, 522
14, 502
14, 536
14,556
14,595
1
234
436
678
609'
?,891
6,190
6,536
6,350
14,592
6,222
139
14,623
200
7,086
14,654
7,075
238
15,189
"Veterans' Special Terra Insurance Fund; Veterans' Reopened Insurance
Fund beginning May 1965; and Federal Hospital Insurance Trust Fund
* Less than $500,000.
beginning February 1966.
14,659
14, 547
933
929
924
919
912
938
43
70
85
5,964
5,959
5,950
5,941
5,932
6,113
2,818
2,778
2,796
2,704
2,715
3,277
173
325
471
529
732
974
Treasury Bulletin
26
,
Table
6.
-
DEBT OUTSTANDING
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions oT dollars)
Agriculture Department
Agency
for
End of
fiscal
year or
month
International
Development 1/
Commodity
Credit
Coropration
Rural
Electrification
Administration
,731
,859
,343
,636
,011
,63i
,166
,241
,354
,964
1,198
1,188
1,164
1,138
1,107
1,062
807
735
712
689
13,333
11,523
12,874
12,704
11,534
12,990
13,599
13,990
13,111
11,768
2,519
2,728
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
265
256
323
369
456
854
1,027
1,170
1,235
1,436
28,354
712
13,111
4,075
Total
1957
1958
1959
1960
1961
1962
1963
196/*
1965
1966
1965 -June
.
1,235
513
2,753
336
676
334
27,752
27,023
27,458
10,803
11,532
11,947
12,314
11,086
11,494
4,075
4,170
4,170
4,170
4,290
4,203
27,518
27,302
27,614
27,340
27,454
26,964
701
701
701
701
701
689
11,740
11,826
11,962
11,636
11,751
11,768
4,203
4,203
4,313
4,313
4,313
4,234
1,435
1.459
1,484
1,490
1,494
1,436
1966-Januar7.
February.
March ....
April.
May
June
.
513
178
1,741
1,502
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
712
712
71^
712
712
701
25,697
26,612
27,-?54
Housing and Urban
Development Department 4/
Export
Import
Federal
Bank of
National
Secretary
WashMortgage
Other
ington i/
Associz/
3/
ation 6/
282
476
730
977
1,213
1,567
2,005
2,302
2,753
3,133
1,237
1,256
1,265
1,382
1,399
1,404
Jul/
August.
September
October.
November.
December.
.
Secretary:
Farmers'
Home
Administration
programs
2/
1,205
1,528
1,937
1,636
1,698
1,830
1,476
830
Source: Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1965
Annual Report of the Secretary of the Treasury, pages 787-90, and the
1965 Combined Statement of Receipts, Expenditures and Balances of the
United States Government, pages 531-533.
Beginning fiscal 1957 figures exclude notes
1/ And predecessor agencies.
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)
3/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act.
4/
^
Formerly Housing and Home Finance Agency.
Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; and public
facility loans.
367
365
416
687
700
346
470
547
178
Saint
Lawrence
Seaway
Development
Corporation
Tennessee
Valley
Author-
Veterans'
Administration:
Under
Defense
Produc-
Other
9/
Direct
loan
program
tion
Act
of 1950
8/
1,294
1,723
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
21
43
97
112
118
121
121
123
123
124
125
100
733
780
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
1,899
124
95
1,730
2,056
51
2,803
2,833
2,956
2,956
3,006
2,989
1,668
1,672
1,768
1,739
1,773
1,902
124
124
124
12A
124
124
95
95
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,063
2,063
2,063
2,053
2,053
2,053
51
53
54
56
3,015
2,861
2,836
2,940
3,025
3,133
1,665
1,338
1,364
1,732
1,564
1,466
124
124
L25
L25
125
125
100
100
100
100
100
100
1,730
1,730
1,730
1,730
1,730
1,730
2,053
2,048
2,023
2,023
2,023
2,023
66
68
69
70
71
72
6/
41
35
27
29
32
32
25
10
10
10
10
10
10
10
50
85
95
8/
;
9/
21
22
22
29
35
51
72
55
58
Consists of liabilities taken ofrer by the Association from the
Secretary 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.
public Housing Administration 1957-1963; Federal Housing Administration beginning January 1966.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration)
the Export-Import Bank of Washington through March 1962;
and the Secretary of 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 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962; and
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund
beginning January 1966.
)
7/
13
22
;
July
1966
27
,
Table
7.
-
DEBT OUTSTANDING
,
Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(in millions of dollars)
End of fiscal
year or month
Total
013
,423
,708
,407
,765
,332
,192
865
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1965- June.
July
August.
September.
October.
November
December.
.
.
.
.
1966- January.
February.
.
March
April
May
June
Banks for
cooperatives
179
199
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal National
Mortgage Association
Federal land
banks 2/ 2/
738
456
992
1,259
1,055
1,797
2,770
4,201
4,757
6,309
924
1,159
1,456
1,600
1,723
1,855
2,133
2,315
2,462
2,853
2,137
2,357
2,550
2,725
2,973
3,532
4,105
1,552
1,646
1,888
Management
and liquidating issues
570
797
797
797
All other
issues
1,050
1,165
1,290
2,284
2,198
2,556
1,960
1,698
1,797
3,269
Tennessee
Valley
Authority
460
626
284
330
382
430
459
498
686
844
13,460
686
4,757
2,462
3,532
1,797
225
13,591
14,035
13,965
14,021
14,223
14,086
686
710
708
744
787
796
4,807
5,057
5,046
5,021
5,221
5,221
2,546
2,627
2,603
2,501
2,386
2,235
3,532
3,612
3,612
3,671
3,671
3,710
1,795
1,804
1,756
1,845
1,918
1,884
225
225
240
240
240
240
14,494
14,723
15,055
15,773
16,843
17,626
796
819
819
858
834
844
5,068
5,050
5,060
5,435
5,895
6,309
2,342
2,404
2,470
2,602
2,744
2,853
3,710
3,813
3,813
3,813
3,980
4,105
2,338
2,397
2,648
2,820
3,144
240
3,269
245
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings.
1/ The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
50
145
145
180
225
245
240
245
245
245
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings.
Includes small amounts owned by Federal land banks.
Treasury Bulletin
28
STATUTOBY DEBT LIKETATIOH
1961 (act of June 30, I960): $13 billion from July 1, 1961,
through March 12, 1962, ani |15 billion from March 13 through
June 30, 1962 (acts of June 30, 1961, and March 13, 1962); $23
billion frcm July 1, 1962, through March 31, 1%3, $20 billion
from April 1 through May 28, 1963, $22 billion from May 29
through June 30, 1963, and $24. billion from July 1, 1963
through June 30, 196A (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, frcm December 1,
1'963, through June 29, 196^ (act of November 26, 1963)); $39
billion from June 29, 196/V through June 30, I965 (act of
June 29, 1964.); and $0 billion from July 1, 1965 through
June 30, 1966 (act of June 24, 1965).
The Second Liberty Bond Act (31 O.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 limita$10
tion of $285 billion, have been authorized as follows:
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
Table
1. -
Status Under Limitation June 30, 1966
(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 2i, 1965
328,000
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
319,641
462
320,102
Total amount of securities outstanding subject to statutory debt limitation
Balance issuable under limitation
Table
2.
-
Application of Limitation to Public Debt and Guaranteed Securities
Outstanding June 30, 1966
(in millions of dollars)
Subject to statutory
debt limitation
Class of security
Public debt:
Interest-bearing securities:
Marketable;
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Not subject to statutory
debt limitation
54,929
1,652
50,649
101 697
54,929
1,652
50,649
101 897
209,127
209,127
305
338
174
305
338
174
368
589
93
4
50, 537
16
44
2,692
23
368
589
93
50, 537
55,183
55,183
,
.
Total marketable
Total
outstanding
Nonraarketable;
Foreign series:
Certificates of indebtedness
Treasury notes
Treasury bonds
Foreign currency series:
Certificates of indebtedness
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
Inter-American Development Bank series
Special bonds of the United States:
United Nations Special Fund 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
Daily Treasury statement.
Held outside the Treasury.
Source:
1/
4
16
44
2,692
23
51,120
51,120
315,431
315,431
305
308
56
56
1
1
3,614
64
132
3,614
64
132
38
166
86
11
38
166
86
11
3,904
264
4,16
319,641
266
319,907
460
460
L.
462
320,102
1
462
266
320, 369
I
1966
July
29
PUBLIC DEBT OPERATIONS
Table
1.
-
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding June 30, 1966
Other than
Regular Weekly and Annual Treasury Bills
(
In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
1/
Held by
Description of security
U.S. Govt,
All
investment
accounts and other
Federal Re- investors
serve Banks
Amount of maturities
Year
and
month
of final
maturity
Held by
investment
accounts and
Federal Reserve Banks
1/
1968
1966
'ug.
4«
Bond
Note
1-1/2* Note
Oct
-
8/15/66
8/15/66-A
700
,436
lO/l/66-EO
357
i-3/4% Certificate of
ll/15/66-A
Indebtedness
11/15/66
3-3/8? Bond
ll/15/66-E
Note
4J
46
5,891
654
Apr.
.
1-1/2? Note
4/1/68-EA
212
May.
.
3-7/8? Bond
5/15/68
2,460
474
3-3/4? Bond
8/15/68
3,747
607
lO/l/68-EO
115
11/15/68
1,591
130
12/15/63-68
1,791
222
9,917
1,433
1,349
2,5U
357
Aug.
1,652
1,851
2,254
257
585
1,637
1,595
1,669
15,250
6,793
,457
2,358
5,151
395
3,230
1,963
1,920
15
1-1/2? Note
Total.
'
3-7/8? Bond
1967
2/15/67-B
2/15/67-C
3-5/8t Note
Note
it%
Feb..
Dec.
Apr
U.S. Govt.
Description of security
.
.
.
May..
1-1/2? Note
-
4/1/67-EA
5/15/67-D
i-l/4? Note
2-1/2? Bond
-
27';
9,748
6,803
2,945
1969
2-1/2? Bond
Aug...
3-5/8? Bond
4-7/8? Note
Footnote at end of table.
6/15/62-67
8/15/67-A
8/15/67-E
3-3/4? Note
i-7/8? Note
1-1/2? Note
Nov.
-
-
lO/l/67-EO
11/15/67
11/15/67-F
1,430
2,929
2,117
149
369
1,307
Feb.
4?
Bond
2/15/69
3,728
Apr.
1-1/2? Note
4/1/69-EA
61
2-1/2? Bond
6/15/64-69
2,547
1-1/2? Note
Bond
4?
10/1/69-EO
10/1/69
6,258
574
2-1/2? Bond
12/15/64-69
2,495
515
15,247
2,861
1,281
2,560
810
422
457
457
2,019
8,135
6,9U
1,419
1,191
34,614
19,797
14,818
599
Dec...
(Continued on following page)
159
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS,
Table
1.
-
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding June 30, 1966
Other than Regular Weekly and Annual Treasury
(In millions of dollars)
Bills
-
(Continued)
1966
July
31
PUBLIC DEBT OPERATIONS.
Table
2.
-
Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
date
Regular weekly bills:
1966-Mar.
11966—June
3
Mar. 10.
Mar. 17.
Mar. 24.
Mar. 31.
^pr
7
Apr.
U.,
.
Apr. 21.,
Apr. 28.,
May.
5.
M3y
12.
May
19
May
26
June 2*
June 9.
June 16.
June 23.
June 30
'Tax
anticipation bills;
1965-Oct.
11
i;
One-year bills:
1965-Mar. 31
Apr. 30
May 28
June 30
July
31
Aug. 31
Sept. 30
Got. 31
Nov. 30,
Deo. 31
.
.
1966-Jan. 31
Feb. 2?
Mar. 31
Apr. 30....
Hay 31
June 30
Number of
days to
maturity 1/
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On competitive basis
On noncompetitive basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table
2.
Offerings of Treasury Bills
-
On total bids accepted
Issue date
Average price
per hundred
3
4.661
4.861
98.825 2/
97.547
10.
98.832
97.565
4.620
4.816
98.841
97.580
Mar.
17.
98.807
97.515
Mar.
24.
^8.8i3
97.585
4.718
4.915
4.576
4.776
98.813
97.519 &/
98.848
97.592
Mar.
31.
98.849
97.596
4.554
4.755
98.852
97.600
Apr.
7.
(98.855
1_97.6U
4.531
4.719
98.860 Uj
97.616 12/
Apr,
U.
/98.833
4.617
4.763
98.839 li/
97.599
197 597
.
4.664
4.754
98.825
97.599
(98.830
]97.609
4.630
4.730
98.834
97.616 15/
May
r98.819
\97.582
4.673
4.782
98.824
97.592
May
(98.830
|97.564
4.630
4.818
May
[98.831
4.626
4.823
Apr.
r98.821
21.
28.
t_97.562
May
[98.828
26.
1_97.542
4.638
4.835
[98.827
June
t.97.560
[98.844
June
June
16.
June
23-
June
^^'
4.641
4.826
"(_97.602
4.573
4.744
[98.844
\97.623
4.575
4.708
[98.870
4.470
4.591
[_97.679
[98. 879
669
4.435
4.610
{98.298
97.221
3.783
3.941
97.623
98.002
,075
,281
anticipation bills:
-fu^-Qct.
11
2/
y
One-year bills:
1965^4ar.
Apr.
May
June
July
31
.
30.
28.
30.
31
.
Aug.
31.
Sept.
Oct.
Nov.
Deo.
30.
31.
30.
31.
lS'fc6-Jan.
31»
Feb.
Mar.
Apr
28.
6,'
7/
%/
1'
10/
11'
l|/
12/
14'
\^/
16/
17/
18/
YjJ
20/
71/
22/
Price per hundred
Mar.
Apr.
i'ax
On competitive bids accepted
(98.822
197.542
]_97.592
31.
May
30
31.
June
30.
95.957
95.949
95.991
96.140
96.072
95.933
95.705
95.750
95.664
95.203
95.236
94.986
95.195
95.161
94.965
^5.238
Bank discount basis.
Except $1,000 at 98. 880.
Except $50,000 at 97.565.
Except $150,000 at 98.855.
Except $500,000 at 97.635 and $13,0,00 at 97.603.
Except $230,000 at 99.109.
Except $638,000 at 97.621.
Except $35,000 at 99.842.
Except $300,000 at 98.830.
Except $200,000 at 97.661.
Except $325,000 at 98.830.
Except $300,000 at 97.598.
Except $280,000 at 97.582.
Except $800,000 at 'il.VlU.
Except $3,400,000 at Tl .(flk.
Except $500,000 at 98.897.
Except $130,300 at 97.693, and $15,000 at 97.688
3.987
3.996
3.954
3.807
3.875
4.006
4.236
4.192
4.277
4.731
4.699
4.945
4.739
4.773
4.966
u.h'-n
(Continued)
High
(Percent)
Regular weekly bills :
1966-Mar.
Equivalent average
rate 6/
-
2/
w/
iV
Equivalent rate
'2/
Price per hundred
Equivalent rate
6/
July
1966
33
PUBLIC DEBT OPERATIONS
Table
3.
-
,
New Money Financing through Regular Weekly Treasury
Bills
i/
{Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1961-January
19
January
26
February
2
March
30.
1961-April
6..
April
13..
May
A..
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
24,.
May
31..
June
7..
June
14 .
June
21.,
June
28..
1961-Aprll
July
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Billsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
$2,212
1,202
$1,301
700
2.930
3.008
$200
(Percent
i
5
11962-October
Il963-January
3
91
182
July
12.
fi962-0ctober
[l963-January
11
10
91
182
2,365
1,126
1,301
700
2.974
3.096
201
July
19..
fl962-0ctober
Il963-January
18
17
91
182
2,454
1,068
1,302
700
2.983
3.133
201
ri962-0ctcber
25
July
26.,
24.
91
182
2,127
1,362
1,298
703
2.892
3.103
200
a963-January
1962-July
199
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
197
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
ri962-November
[1963-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30.
[l962-November
tl963-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
September
6
6.
fl962-December
[l963-March
2,054
1,332
1,301
700
2.834
2.977
100
7
91
182
September
13.
11962-December
1963-March
13
14
91
182
2,377
1,291
1,301
701
2.789
2.911
101
101
August
2
|l962-November
Il963-January
August
9
11962-November
1963-February
August
16.
[l962-November
Ll963-February
15
August
23.
August
1
31
September
20.
ri962-December
[l963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
September
27.
fl962-December
1963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
October
1963-January
April
91
182
2,011
1,505
1,300
701
2.752
2.9G2
100
4
January
April
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
January
April
17
18
91
182
2,225
1,-436
1,300
700
2.749
2.843
93
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
[January
31
2
91
182
2,207
1,573
1,301
701
2.686
2.775
101
101
4.
I
October
f
11.
[
October
18.
r
\
October
25.
j
\
November
November
1.
May
February
May
9
(February
U
May
(February
91
182
2,249
1,761
1,301
702
2.841
2.927
16
91
182
2,325
1,436
1,302
701
2.801
2.846
103
May
21
23
90
181
2,409
1,274
1,300
800
2.833
2.892
199
i
February
28
May
.31
2,042
1,528
1,300
801
2.853
2.936
199
I
91
183
f
March
7
June
6
91
182
2,108
1,663
1,300
801
2.861
2.945
98
14
13
91
182
1,973
1,321
1,301
801
2.807
2.861
101
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
9?
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
2,220
1,340
1,301
801
2.926
2.966
101
f
8,
I
November
15.
November
23.
November
December
29.
6t
I.
December
13,
December
20,
December
27-
(March
June
f
I,
I
L
1963-January
3.
I
L
January
10,
I
[
March
28.
{
[
April
4
April
April
11.
18,
25..
June
April
July
4
5
91
183
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
June
September
27
26
91
182
2,133
1,459
1,301
800
2.919
2.977
92
2,081
1,454
1,300
800
2.922
2.982
98
5
3
92
182
i
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
[
[
July
October
18
17
91
182
2,352
1,485
1,301
800
.917
.010
100
July
October
25
24
91
182
2,259
1,670
1,300
801
,884
,982
99
r
f
I
Footnotes at end of table.
June
March
July
October
r
i
April
March
7
(Continued on following page)
July
1966
35
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
Financing through Regular Weekly Treasury Billsl/- (Continued)
(Dollar amounts in millions)
Description of issue
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
31
91
182
» 2,054
1,668
1 1,302
801
2.897
2,989
»101
August
November
8
7
91
2,119
1,301
182
1,715
802
2.905
2.993
100
15
14
91
182
2,397
1,583
1,302
801
903
990
98
Number of
days to
maturity
Maturity
date
Issue
date
(Percent
1963-May
2.
May
9.
1963-August
October
1
May
16
August
November
November
21
'i96^-February
May
20
21
91
182
2,321
1,431
1,202
800
3.524
3,660
-99
29
February
May
27
28
90
181
1,987
1,614
1,201
802
3.480
3.630
-99
21.
August
November
20
91
19
182
2,258
1,633
1,202
900
3.482
3.598
101
August
November
27
27
183
2,073
1,709
1,200
900
3.476
3.595
97
October
1965-January
15
14
91
182
2,123
1,409
1,302
902
3,U8
103
i964-0ctober
1965-January
22
21
91
182
2,070
1,333
1,201
900
3,502
3.619
100
1964-0 ctober
1965-January
29
28
91
182
2,204
1,889
1,201
902
3,475
3,591
101
September 10,
1964-December
1965-March
10
11
91
182
2,169
1,464
1,302
901
3,514
3.649
101
September 17,
1964- December
1965-March
17
18
91
182
2,083
1,474
1,302
900
3.541
3,693
102
September 2^.
1964- December
1965-March
24
25
91
182
2,200
1,624
1,302
901
3,542
3,692
101
October
1964- December
1965-April
31
91
182
2,086
1,451
1,301
900
3,555
3,711
100
99
November
196i-May
May
28.
July
16-
July
July
1965-January
January
February
23.
"
"
30,
1.
April
21
28,
^.
1
91
3.549
July
22
22
91
182
2,099
2,475
1,200
1,001
3.821
3,960
April
July
29
29
91
182
2,185
2,465
1,203
1,003
3,848
3,946
104
May
August
6
91
182
2,226
2,470
1,203
1,004
3,888
3.968
105
13
12
91
182
2,242
2,448
1,200
1,001
3.903
3,987
100
2,074
2,162
1,200
1,000
3.936
4.015
98
3,989
4.043
102
5
February
11,
May
August
February
18.
May
August
20
19
91
182
25.
May
August
27
26
91
182
2,327
2,504
1,201
1,003
3
91
182
2,359
2,304
1,200
1,000
3,982
4,037
100
2
September
24
23
91
182
2,368
2,024
1,203
1,000
3,922
3,984
94
July
September
1
30
91
182
2,061
1,938
1,200
1,002
3,921
3,993
102
91
182
2,281
2,188
1,202
1,001
3,942
3.993
200
15
14
91
182
2,336
1,832
1,201
1,001
7
7
91
182
1,966
1,933
1,304
1,003
3,937
3,991
4.532
4,718
4.585
4.737
102
February
March
/+,
March
25,
April
1.
fJune
September
{June
[
1
April
8.
f
|_
April
15.
[
]^
1966-January
January
6
13
January
20
27
I
r
97
105
April
July
14
14
91
182
2,258
2,004
1,302
1,000
{April
21
21
91
182
2,296
2,166
1,301
1,001
4.673
4,770
97
July
April
July
28
28
91
2,084
2,305
1,301
1,000
4.596
4,699
101
182
r
1
Footnotes at end of table.
July
October
1966^ April
July
1
January
July
October
(Continued on following page)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table
3.
-
New Money
,
Financing through Regular Weekly Treasury Bills 1/- (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
Amount
of bids
tendered
Number of
days to
maturity
Maturity
date
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1,672
$1,301
1,000
4.638
4.740
2,401
2,010
1,304
1,001
4.650
4.775
104
91
182
2,365
1,984
1,300
1,001
4.695
4.876
100
91
182
2,404
2,095
1,311
1,001
4.696
4.892
111
ri966-May
August
5
3
February 10
May
August
12
1-1
91
182
May
August
19
18
May
26
25
1966-February
February 17
February 24
August
$2,U5
91
182
.
March
3..
June
September
91
182
2,343
2,049
1,301
1,001
4.661
4.861
102
March
10..
June
September
91
182
2,008
1,642
1,300
1,000
4.620
4.816
99
97
March
17..
June
September
16
15
91
182
2,320
2,767
1,301
1,002
4.713
4.915
March
24.
June
September
23
22
91
182
2,223
1,923
1,301
1,000
4.576
4.776
92
March
31.
June
September
30
29
91
182
2,265
1,884
1,300
1,000
4.554
4.755
100
Information in Table 3 covers bill offerings
Source: See Table 2.
January 2, 1961 through June 30, 1966.
1/ Excludes issues of strips of additional amounts of outstanding, regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
2/
1961 ($800 million), November 15, 1962, October 28, 1963, and
July 29, 1964 ($1,001 million each). See Table 4.
Equivalent average rate on bank discount basis
1
July
37
1966
PUBLIC DEBT OPERATIONS
Table
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip-
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Table
Date subscrip-
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
July
1966
39
PUBLIC DEBT OPERATIONS
Table
Date Bubscription books
4.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table
Date subscrip-
4.
-
,
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills - (Continued)
July
1966
41
PUBLIC DEBT OPERATIONS,
Footnotes to Table 4
25/
26/
27/
26/
29/
30/
31/
32/
2i/
34/
2V
36/
17/
U/
39/
iO/
il/
^
A3/
UJ
45/
46/
i2/
48/
42/
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 accoiints
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4^ certificates, $1-4 million of
the 3-5/8? notes, and $6^ million of the 3-7/8)6 bonds.
Subscriptions were permitted to be made with payment in cash or in
the i% notes or 3-1/^% notes, both maturing August 15, 1962 (see
Table 7, footnote 13).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1962.
Subscriptions from States, political subdivisions ui-' instrumentalities
thereof, public pension and retirement and other public funds, international organisations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts, and the Federal Reserve Banks totaled $(+,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 i,% bonds totaled $6,7^3 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.
In
All subscriptions for the i^-\/iS bonds were allotted in full
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 iS 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 iS bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 million for cash of ten series of weekly Treasury bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/8? bonds or the 4? bonds with certain adjustments as of
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 3-1/4? certificates and $15 million
of the 3-3/4? bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8? notes,
$29.6 million of the 3-7/8? bonds of 1971, $151.9 million of the
3-7/8? bonds of 1974, and $123.9 million of the 4? bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $100.55119
per $100 of face amount for a 4-1/8? coupon, resulting in a net basis,
cost to the Treasury of 4.093145?, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates, and $85 million
of the ^-5/8? notes
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8? bonds of 1968, and $171 million of the 4? bonds of
.
1973.
Issued for cash and in exchange for one-year bills maturing October
15, 1963 (see Table 7, footnote 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
3-1/8? 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.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public fxinds, international organi2ations 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
-
5Q/
51/
52/
53/
54/
(Continued)
21 percent but in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 83-1/2 percent but in no
case less than $50,000.
In addition, $125 million of the bonds was
allotted to Government investment accounts
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 4? notes and $29 million of the 4-I/4?
bonds
56/ 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.
52/ 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.
58/ Subscriptions were permitted to be made with payment in cash or in 5?
notes or 3-3/4? notes, both maturing August 15, 1%4 (see Table 7,
footnote 22).
52/ Consists of allotments on subscriptions frcan holders of Treasury notes
maturing August 15, 1964.
^0/ 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 dentral banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided In the offering
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.
61/ 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).
62/ Consists of allotments on subscriptions from holders of Treasury
notes maturing November 15, 1964.
63/ 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
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.
64
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.
65/ 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.
67/ 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 $582 million and, as provided in
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 $10,054
those up to and including $100,000 were allotted in full;
million:
all othere were allotted 15 percent but in no case less than $100,000.
6§/ Includes $4,2?3 million allotted to Federal Reserve Banks and Government
investment accounts of the 4? notes and $65 million of the 4-1/4? bonds
and Government
62/ Includes $3,051 million allotted to Federal Reserve Banlts
investment accounts of the 4? notes and $1,076 million of the 4? bonds.
70/ Subscriptions were permitted to be made with payment in cash or In
3-1/2? notes or 4? notes, both maturing November 15, 1965 (See Table
7, footnote 28).
71/ Consists of allotments on subscriptions from holders of Treasury
notes nnturing November 15, 1965.
72/ Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organiaations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, totaled $7,169 million and,
as provided in the offering circulars, were alloted in full where
tho .subscriber made the required certification of ownership of notes
maturing November 15, 1965. Subscriptions subject to allotment totaled
$4,898 million: those up to and including $200,000 were allotted in
full; all others were allotted 48 percent but in no case less than
$200,000.
73/ Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 14-5 percent but in no case less
than $50,000.
Ilj In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accoxints $1,250
million of the 4-7/8? notes and $1,121 million of the 5? notes.
22/ Includes $6,685 million allotted to Federal Reserve Banks and
Government investment accounts
Preliminary.
p
55/
/-
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS
Table
-
h-}A%
|3-7/8!e
Note
Bond
5/15/64-D
5/15/68
3-l/2i6
3-l/2)t
Bond
Bond
II/15/8O
2/15/90
3-l/2if
Bond
11/15/98
Securities Issued in
Amount
issued
(In millions)
Securities issued
Date issued
6/23/60
5.
Advance Refunding Operations
Adjustment payments
issue (per $100
of face value)
1/
•at
By
To
Treasury
Treasury
$3,893
320
V
10/3/60
Effective
interest
rate 2/
,7556
Investment
yield j/
4.24?
4.14
Eligible securities exchanged
^2-1/256
Bond
II/15/6I
Bond
Bond
6/15/62-67
12/15/63-68
643
993
,92
2-1/2?
,96
2-1/256
1,095
1,248
3.97
3.99
2-1/2)6
2-1/2?
Bond
Bond
6/15/64-69
12/15/64-69
2,343
3-3/856
Bond
11/15/66
3-5/856
Bond
11/15/67
3/15/61
2,438
3.38
3.63
2-1/2?
Bond
8/15/63
1,131
1,296
1,177
$0.30
3.62
3.62
3.57
3.75
3.75
3.75
2-5/8?
2-1/4?
2-1/4?
Note
Bond
Bond
- 6/15/59-62
- 12/15/59-62
2.25
3.50
3.34
3.25
4.16
4.15
2-1/2?
2-1/2?
Bond
Bond
3/15/65-70
3/15/66-71
0.25
3.56
3.47
4.23
4.21
2-1/2?
2-1/2?
Bond
Bond
3/15/65-70
3/15/66-71
3.60
3.55
4.19
4.19
2-1/2?
2-1/2?
Bond
Bond
3/15/65-70
3/15/66-71
4.11
4.10
3?
2-5/8?
Bond
Bond
2/15/64
2/15/65
2-5/8?
Bond
2/15/65
-
2/15/63-A
3,604
3-1/256
Bond
II/15/8O
^
1,035
238
1,273
9/15/61
3-1/2S6
Bond
2/15/90
V
722
576
$1.00
1,298
3-1/256
Bond
11/15/98
4/
495
692
2.00
1.00
1,187
A%
Bond
1,154
1,651
8/15/71
2.00
2,806
3/1/62
A%
Bond
2/15/80
^
3-1/256
Bond
2/15/90
V
563
.25
3.98
4.20
233
345
322
1.25
1.50
1.75
3.43
3.42
3.40
4.21
4.21
4.19
0.25
0.50
3.50
3.49
3.48
900
3-1/2^
Bond
11/15/93
V
181
420
333
933
772
1,093
3-3/456
Note
8/15/67-A
953
1,301
181
0.50
0.10
0.40
0.40
0.40
1.00
,86
0.70
0.30
0.60
0.60
O.bD
1.2U
4.09
4.04
4.07
4.07
4.08
4.15
,77
,84
,84
.85
,98
5,282
9/15/62
A%
Bond
8/15/72
370
259
402
4A9
720
379
2,579
Juhf
1966
43
PUBLIC DEBT OPERATIONS
Table
Date issued
5.
-
Securities Issued in
Advance Refunding Operations
-
(Continued)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table
5.
-
Securities Issued in Advance Refunding Operations
-
(Continued)
July
1966
45
PUBLIC DEBT OPERATIONS
Table
6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills i^
(In millions of dollars)
Issue
1
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS.
Table
6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills 1/ - (Continued)
July
1966
47
-,
Table
6.
-
PUBLIC DEBT OPERATIONS
,
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other than Regular Weekly Treasury Bills 1/- (Continued)
(In millions of dollars)
Allotments hy investor classes
Amount issued
Date of
financ-
Government
In
Investment
exchange accounts
for
and
other
Federal
securi- Reserve
For
cash
Description of security
ing
ties
U. S.
Commer- Indicial
vidubanks
als
3/
i/
Insur-
^
since
Mutual
sav-
companies
ings
banks
Dealers
and
brokers
funds
Banks
11/2Voi
3.639* Bill
1,487
1
11/30/64
4.068% Bill
11/30/65
1
,001
14/
92
354
1
12/31/64
3.972? Bill
12/31/65
1,003
IV
30
458
6/22/65 2/
tate and local
governments
Private
pension
Corpo
Pension
rations and reand retirement
Other
tirefunds
funds
ment
1,504
5
3t
3
69
1
10
9
Bond
2/1 5/70
4,3?1
332
2,883
137
63
137
19
3
72
186
4-1/8* Bond
2/15/74
3,130
325
1,792
171
54
67
28
6
69
266
4-1 /4* Bond
3/15/87-92
2,254
55
975
63
31
10
7
65
21
974
1/18/65
3.711* Bill
6/22/65
1/31/65
3.945* Bill
1/31/66
1,000
2/15/65
4*
Note
11/15/66-E 8/
1,735
33
165
196
2/28/65
4.062* Bill
2/28/66
1,001
lA/
7.
40
355
3/31/65
3.987* Bill
3/31/66
1
,000
1
15
23
4/30/65
3.996* Bill
4/30/66
1,001
8
6
149
19
12
127
47
5/1 5/65
Note
{4*
4-1/4* Bond
99
555
15
724
16
26
349
37
274
Uf-
1/15/65
.
n/
2/iy
5/31/66
1,001
3.807* Bill
6/30/66
1,001
7/31/65
3. 375*
Bill
7/31/66
1,000
Note
Bond
2/1 5/67 -C
8/31/65
4.006* Bill
8/31/66
1,000
9/30/65
4.236* Bill
9/30/66
1,000
3/22/66 2/
6/22/66 2/
3,009
1,003
(4*
4*
10/11/65
0/31/65
1/15/65
("3.783* Bill
Bill
L3.941*
4.192* Bill
4-1/4* Note
2/15/69
98
3
2
4,253
944
27
13
65
1,078
116
43
41
45
IV
IV
IV
136
5'i
111
373
47
160
293
37
5,151
3,051
1,884
1,076
1,210
476
139
311
2 S3
339
IV
7
3o
7
6
63
291
9
8
6/.!2/66 2/11/ 1,007
995
1
2
1,652
l,4o9
1/31/67
1
,001
3/31/6''
4/30/66
4.773* Bill
4/30/67
I.OOIr
5/15/66
4-7/fi* Note
11/15/67-F
5/31/u6
4.966* Bill
5/31/07
l.OOlp
6/30/67
l,001p
1
84
73
144
39
11
231
175
313
10
459
1
25
13
126
220
3-7
8
52..
44
10
7,675p
1,121
3,919
383
222
1.-4
314
8
163
31
6,r,.?5
374
332
B
3
34
9
704
56
27
47
185
302
225
58
406
193
302
67
333
For detail of
Based on subscriptioji arid allotment reports,
offerii.gs see Table 4.
Excludes 1-1/."* treasury notes issued in exchange to holders of nonmarketable 2-3/4* TreaSv,ry bonds, Investment Series B-1975-80.
Includes trust compaJ:Ies and stock savings banks.
30
15
ijrce:
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies.
Includes savings and loan associations, nonprofit institutions, and
investments of foreigr; balances and international accounts in this
636
352
39/
^'•-)^
1
256
431.
;,13;p
iV
IV
408
3
192
IV
IV
75
119
1
1,250
IV
1I14
1
.',117p
14/
8/1 5/67-E
1 1/1 5/70-A
420
264
1j
11/15/66-A
650
14
..53
li/
420
9
171
6,623
6/22/66 2/11/ .',513
2/28/67
7/
8/
236
2
lA/
3,125
4.945*
4.739* Bill
6/
27
-,499
5/15/67-D 8/
1,000
1,000
5/
34
47
2/28/66
3/31/66
V
3/
V
88
144
1,001
4.697* Bill
365
154
1,354
12/31/66
6/30/66
73
14/
6,577
4.731* Bill
Bin
IV
4
U/31/65
2/15/66
473
»
1,001
4-3/4* Cert.
42
8
11/30/66
4.699* Bill
[4-7/8* Note
Note
5*
43
314
1,000
4.277* Bill
1/31/60
SI
202
10/31/66
4.075* Bill
1/19/66
1,018
3,001
1,001
1/24/65
4.281* Bill
487
IV
11/30/65
1/5/66
3
5/15/74]^
3.954* Bill
8/13/65
12
5,904
2,062
342
87
374
518
1
1
102
lA/
a/15/66-Ali,/
5/31/65
II
1,74^'
1,758
6/30/65
1
2/
10/
11/
12/
couri try.
13/
Issued as a rollover of quarterly one-year bills.
Offerings subject to allotment, were made for the purpose of paying
off maturing securities in cash. Holders of the maturing securities
14/
*
34
347
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 new issues
Tax anticipation securii.y.
Offerings consist of an additional $100 million each of a series of
outstanding weekly bills Issued in "strip" form. Offerings include
18 series for June 14, 1961; 8 series for November 15, 1961; and 10
series each for November 15, 1962, October 28, 1963, and July 29, 1964.
Reopening of earlier issue.
Sold at competitive bidding with allotment distribution based on sales
reported by syndicat.e members.
One-year bi Lis issued monthly beginning September 3, 1963, to replace
the existing quarterly cycle.
Issued as a rollover of monthly one-year bills,
Revised.
Preliminary.
r
Less thari $500,000.
p
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS
Table
7. -
Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills
Jtdy
1966
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
D.ite
Issue
date
Description
Results of exchange offers
Dispositi-^n offers
by Treasury
Called or maturing security 1/
of
refunding
or retirement
Amount
outstanding
Cash
retirement
(
Exchange
security
offered
In millions
3-3/4^ Note
11/15/62-C
11/29/57
1,143
1,143
3-1/4? Note
11/15/62-H
8/1/61
6,082
6,082
12/15/59-62
11/15/45
2,269
2,269
Exchanged
f
dollars)
121
484
446
4,0U
1,281
645
569
11/15/62
2-1/4% Bond
-
674
2-3/4* Bond
12/15/60-65 16/
12/15/38
Tital
1/15/63
3.366* Bill
1,4«'
1,485
121
713
579
10,979
10,979
10,485
1/15/63
1/15/62
2,001
3-1/2* Cert.
2/15/63-A
2/15/62
5,719
5,719
4,692
968
2-5/S* Note
2/15/63-A
4/15/58
1,487
1,487
652
743
3-1/4* Note
2/15/63-E
11/15/61
2,259
2,259
9,465
9,465
9,231
960
693
17
2,001 3/
2/15/63
Total
3-1/2* Cert.
8/15/63-C
8/15/62
6,851
6,851
8/15/63
12/15/54
4,317
4,317
1
,
397
779
'2,275
2-1/2* Bond
>
532
49
206
3-1/8* Cert.
11/15/63-D
11/15/62
4,856
4,856
Bond
2/15/64
2/14/58
2,700
2,700
3-1/2$ Note
11/15/65-B
11/15/62
3,286
3,286
3-5/8* Note
2/15/66-B
5/15/62
3,114
3,114
Bond
8/15/66
2/28/58
1,484
1,484
3-3/8* Bond
11/15/66
3/15/61
2,438
2,433
29,045
29,045
3*
3/15/63 6/
3*
Total.
3/22/63
2.616* Bill
3/22/63
10/3/62
3,005
4/1/63
1-1/2* Note
4/1/63-EA
4/1/58
533
4/15/63
2.943* Bill
4/15/63
4/15/62
2,001
5/15/63-B
5/15/62
5,284
5,284
Note
5/15/63-B
4/1/59
1,183
1,183
3-1/4* Note
5/15/63-D
5/15/6I
3,027
3,027
'5-1/4* Cert.
4*
3,005 8/
533
2,001 3/
5/15/63
Total
9,495
9,495
6/24/63
2.929* Bill
2.855* Bill
6/24/61
6/24/63
2/6/63
2/6/63
1,001
1,502
1,001 8/
1,^02 8/
7/15/63
3.257* Bill
7/15/63
7/15/62
2,004
2,004 3/
8/15/63
8/15/62
5,181
5,181
8/15/1:3
3-1/2* Cert.
7-1/2* Bond
8/15/63
12/15/54
1,461
1
6,641
6,641
Total
,4'''l
Turned
in for
cash 2/
Description of new
security offered
(See also Table 4)
Juhf
1966
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
July
1966
53
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table 7. - Disposition of Matured Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
Called or mal.urin? serurity
Date of
refunding
or retire
ment
Issue
date
Desci'iption
Amount
outstanding
Exchange
SGCuri ty
offered
Cash
retirement
Exchanged
(In millions of dollars)
r 487p
Note
i/lS/'tlh-B
5/15/D2
2,195
2,195
\l,470p
^-•/''SiS
Note
2/15/66-c
8/15/64
2,597
2,597
|l,456p
ll,019p
1-1/2^ Note
4/1/66-EA
4/1/6]
i'75
675
5,4c.
Total
•
Note
5/15/66-D
11/15/64
9,519
3-3/456 Bond
5/15/66
11/15/60
1,688
1,688
4?
Note
B/15/66-A
2/15/62
11,060
11,060
3i
Bond
8/15/66
2/28/5B
4^
b/.
Results of exchange offers
rt%
.'.-',/
2/15/66
Disp lition offers
by Treasury
!_/
9,519
1,024
Total
23,291
Grand total
28,753
]
2/28/66
4.062? Bill
2/28/66
2/28/65
1,001
1,001 2/
3/22/66
3.783!« Bill
3/22/66
10/11/65
3,009
3,009 8/
3/31/66
3.987% Bill
3/31/66
3/31/65
1,000
1.000 1/
4/1/66
1-1/2? Note
4/1/66-EA
4/1/61
151
4/30/66
3.996? Bill
4/31/66
4/30/65
1,001
151
1.001 2/
Note
5/15/66-D
11/15/64
8,289
8
5/15/66
3-3/4? Bond
5/15/66
11/15/60
1,028
1
5/31/66
3.954? Bill
5/31/66
5/31/65
1,001
1,001 3/
6/22/66
Bill
•J4.O75? Bill
1^4.281? Bill
6/22/65
6/22/66
6/22/66
10/11/^5
10/11/65
10/11/65
1,003
2,513
1,007
1,003 8/
2,513 8/
1,007 8/
6/30/66
3.307? Bill
6/30/66
6/30/65
1,001
1,001 i/
'4?
9,316
Total
p. 941?
Footnotes on following page.
,024
23,291
Turned
in for
cash 2/
July
1966
55
PUBLIC DEBT OPERATIONS
Footnotes to Table 7
Daily Treesury statement; Bureau of the Public Debt.
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 1,-1/%% 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
income 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 amoxint as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon 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% bonds of June
15, 1959-62, 2-1/4% bonds of December 15, 1959-62, 2-5/8% notes
maturing February 15, 1963, and 2-1/2% bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8% bond due November 15, 1967,
and the last for a new 'i-'i/^'h 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
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3% certificates or the $2,500 million
offering of 3-1/4% notes. For detail of offering, see Table 4,
Excess of maturing 4.-3/8% certificates and 3-5/8% notes over
allotments of new ;-Gcurities 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, 1962 (see Table 4).
Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them in
payment or exchange, in whole or in part, for the $6,500 million
offering of 3-1/2% certificates, the $1,500 million offering of
4% bonds, or the $750 million offering of 4-1/4% bonds. For detail
of offering, see Table 4.
Excess of maturing 4% notes and 3-1/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 27 and 28),
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2^ certificates, 2-5/8% notes,
3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes,
4% notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on Au^^uit I4, 3962, for rAHprrption on December 1'^, 1962.
Holders of the maturing one-year bills were offered the option to
exchange the bill.; 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
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-l/S% certificates and 4-7/8% notes over allotments of new ?f»curitieE on subscriptions from holders of those
certificates i;nd notes (see Table 4, footnotes 47 and 48).
Source:
1/
g/
^
V
y
6/
2/
8/
2/
10/
11/
T2/
u/
w
15/
16/
12/
IS/
U/
Tax anticipation bills issued to replace the maturing one-year bills
(see Table /i, footnote 50).
From January 13 through January 17, 196(i, owners of securities
maturing August 15, 196A (3-3/4% notes and i% notes), November 15,
1964 (3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-5/8% bonds),
and May 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.
23/ 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 an<i 60)
24/ 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 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/ 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
For detail of offering, see
the amount of about $2,170 million.
Table 4.
27/ 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).
28/ Holiers 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 $9,700 million ofFor detail of offering, see Table 4.
fering of 4-1/4% notes.
29/ Excess of maturing 3-1/2% notes and 4% notes over allotments of new
securities on subscriptions from holders of those notes (See Table 4,
footnotes 71 and 72).
20/
^1/
Preliminary.
p
Note:
Information on retirement of tax anticipation issues referred
to
in footnote 8, in millions of dollars:
Date of
retirement
j/..^/o1
56
July
1966
57
PUBLIC DEBT OPERATIONS
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS,
Table 8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
S.
Dollars)
July
1966
59
PUBLIC DEBT OPERATIONS.
Table
8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)
Month of
activity
-
(Continued)
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Table
8.
-
(Payable In U. S. Dollars)
Jaiy
1966
Treasury Bulletin
62
PUBLIC DEBT OPERATIONS
Table
9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Juhf
1966
63
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Treasury Bulletin
64
«_
PUBLIC DEBT OPERATIONS
Table 9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
Amount
(Dollar equivalent)
Month of
activity
Security
Payable
in
—
Maturity
date
Issue
date
Interest
rate
Issued
Retired
Total outstanding
end of month
(In millions of dollars)
Swiss francs
1965-Aug
Bonds
German marks
Sept.
Swiss francs
.
Oct
Dec
1966- Jan
Feb
Mar.
.
.
3.95
69
8/28/63
3/28/65
8/28/65
10/3/66
3.66
4.07
50
5/25/64
9/27/65
9/7/65
10/7/66
9/27/65
1/27/67
4.10
3.84
4.23
5/25/6-i
3.67
52
52
30
3.81
7/1/64
,
1/14/66 1/
4/1/64
10/1/65
1/3/67
10/1/65
4.30
4.04
Bonds
Gertificates of indebtedness
German marks
German marks
4/1/64 ,
1/14/66 1/
11/1/65
11/1/66
4.05
4.33
Bonds
Certificates of indebtedness
Bonds
Certificates of indebtedness
German marks
German marks
Swiss francs
Swiss francs
4/1/64
1/14/66 1/
10/30/64
1/14/66 Ij
12/1/65
12/1/66
12/31/65
1/13/67
4.06
4.38
3.87
4.85
30
Bonds
Certificates of indebtedness
Bonds
Bonds
Certificates of indebtedness
German marks
German marks
Swiss francs
Swiss francs
Swiss francs
4/1/64
1/14/66
8/25/65
7/30/65
1/26/66
1/1/66
1/3/67
11/25/66
10/31/66
4/26/66
4.07
4.90
50
4.35
93
Bonds
Bonds
Certificates of indebtedness
German marks
Swiss francs
Swiss francs
7/1/64
9/4/64
2/4/66
2/1/66
2/4/66
2/3/67
3.83
3.87
4.84
23
Bonds
German marks
7/1/64
3/1/66
Bonds
German marks
Austrian
schillings
7/1/64
10/26/64
Certificates of indebtedness
Swiss francs
Swiss francs
Bonds
Certificates of indebtedness
Bonds
Bonds
I
I
1,208
22
50
50
50
June.
.
1,208
50
50
30
1,208
50
69
23
3.95
3.95
1,207
50
23
1,157
3.84
50
1,107
4/1/66
4/26/66
3.85
3.90
25
1/26/66
4/26/66
4/26/66
10/26/66
4.35
4.80
German marks
German marks
Swiss francs
7/24/64
5/2/66
11/16/64
5/2/66
5/2/67
5/16/66
3.77
4.87
3.92
German marks
10/30/64
6/1/66
3.90
50
1,031
Apr ....
May
1,259
30
Swiss francs
Swiss francs
German marks
,
1,259
50
Bonds
Certificates of indebtedness
^Bonds
I
j
Nov ....
70
8/25/65
11/25/66
3.37
8/25/65
93
93
50
1,007
50
23
50
957
Information in this table covers transactions from inception through June 30, 1966.
Dally Treasury statement.
Issued in exchange for securities which carried maturities of more than one year at time of issue.
Source:
/
1
July
1966
65
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
being sold.
Series E has been on sale since May
1,
19*^1,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, igltl.
Series F and G were sold from May
Table
1.
-
1,
19'^-1.
through April
30,
1952. Series J and K were sold from May 1,
1952 through
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April I95I, May 1952, May 1957, October and December 1959, ^^^ May and October X'^dl.
Sales and Redemptions by Series, Cumulative through June 30, 1966
(In millions of dollarsj
.
Treasury Bulletin
66
.UNITED STATES SAVIKGS BONDS
Table
3.
-
Sales and
Redemptions by Periods,
Series
E through K
(In millions of dollars)
Amount outstanding
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Series E and H oomBined
Accrued
discount 3/
Interest-bearing
debt
Matured
noninterestbearing debt
Jtth/
i%6
..
..
Treasury Bulletin
68
.UNITED STATES SA7INGS BONDS,
Table
4.
-
Redemptions of Matured and Unmatured Savings Bonds
(in millions of dollars)
Matured
Period
Total 1/
Series E
and H
Unmatured
Other
FlBcal jeare
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
Calendar years;
1951°...
6,137
5,109
817
792
5,621
1,761
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
2,747
5,651
1952
1953
1954
1955
1956
1957
1958
1959
1960
5,074
6,149
6,985
7,301
1961
1962
8,264
9,630
7,255
8,772
6,732
5,595
5,602
1963
1964
1965
5,021
5,252
5,441
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
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
2,148
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
1,973
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
Moirths:
1965 June
464
183
162
July
August. .
September
October.
November
December.
463
456
151
406
396
420
199
159
162
174
145
139
184
144
148
158
1966-January.
February.
March. .
April.
653
460
195
161
543
294
226
.
.
.
May
June
.
451
513
472
491
199
190
131
172
130
260
194
160
153
779
Series E
and H
thclassiflad
10/
July
1966
69
,
Table
1. -
OWNERSHIP OF FKDERAL SECURITIES,
Distribution of Federal Securities by Classes of Investors and Types of Issues
tin millions of dollars)
Interest-bearing securities issued by theHJ.S, Government
Held by U.S. Government
investment accounts 2/
Total
Federal
securities outstanding
End of
fiscal
year or
month
Total
outstanding
V
Public
issues
Special
issues
Interest-bearing securities guaranteed by the U.S. Government 4^
Held by private
investors 2.^
Held by
Federal
Reserve
banks public
issues
Held by
Public
non-
Public
marketable
issues
marketable
issues
Total
outstanding
284,817
286,471
289,211
298,645
306,466
312,526
317,364
320,369
55,501
55,842
54,554
55,259
56,002
56,296
58,206
60,964
63,236
66,617
8,674
9,596
9,799
10,360
10,959
11,357
13,405
14,337
14,586
15,496
46,827
46,246
44,756
44,899
45,043
4^,939
44,801
46,627
48,650
51,120
23,035
25,438
26,044
26,523
27,253
29,663
32,027
34,794
39,100
42,169
189,949
193,418
201,235
201,459
202,417
208,483
211,721
211 , 598
210,776
206,646
127,179
134,593
144,983
149,546
151,392
157,418
160,361
159,575
157,220
153,567
62,770
58,825
56,252
51,913
51,025
51,065
51,360
52,023
53,556
53,079
317,864
313,113
63,236
U,586
48,650
39,100
210,776
157,220
53,556
589
July
August. .
September
October.
November.
December.
317,056
318,742
317,270
319,394
322,176
321,359
312,197
313,896
312,359
314,557
317,357
316,515
62,182
64,703
63,472
62,140
62,702
61,767
14,393
14,923
15,403
15,183
15,650
15,512
47,789
49,780
48,069
46,957
47,052
46,255
39,207
39,049
39,774
39,657
40,575
40,768
210,808
210,144
209,113
212,760
214,080
213,979
157,276
156,641
155,410
159,363
160,500
160,430
53,533
53,503
53,703
53,397
53,579
53,549
470
499
1966- January
February
Har&h. ...
April ....
May
June
322,419
323,746
321,454
320,051
322,825
320,369
317,599
318,921
316,582
315,219
317,927
315,431
59,885
61,606
61,597
60,390
64,387
66,617
15,529
44,356
45,781
45,959
44,921
48,805
51,120
40,565
40,189
40,734
40,713
41,480
42,169
217,149
217,126
214,251
163,667
163,782
160,883
160,926
158,807
153,567
53,482
53,344
53,368
53,189
53,253
53,079
270,634
1965- June
276,
.
4U
15-,824
15,638
15,469
15,582
15,496
2U,115
212,060
206,646
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U.S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve banks.
Includes certain debt not subject to statutory limitation.
For amounts
subject to limitation, see page 1.
Includes accounts under the control of certain U.S. Government agencies
Source:
1/
2/
2/
^
Government
investment
accounts
no
interest
2/
268,486
274,698
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
1957
1958
1959
i960
1961
1962
1963
1964
1965
1966
Held by
private
investors
2/
U.S.
Matured
debt
and
debt
bearing
106
101
110
139
240
94
46
47
60
153
277
440
653
450
367
2,042
1,646
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
139
450
4,163
490
462
453
115
116
116
115
100
100
355
383
403
376
362
354
4,388
4,346
4,391
4,347
4,357
4,391
413
433
454
467
464
460
96
98
97
96
94
94
317
335
357
371
370
367
4,407
4,392
4,418
4,366
4,433
4,477
56
50
54
63
79
87
167
165
159
139
444
605
812
589
460
519
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/
(In millions of dollars; negative figures are net sales)
Year
Jan.
Feb.
1940.
1941.
1942.
1943.
1944.
1945.
1946.
1947.
-9.5
-2.8
-.5
-14.5
-9.9
-67.5
-8.1
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
-.2
8.8
-6.6
36.8
22.1
24.6
7.0
23.0
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77.2
1956.
1957.
1958.
1959.
1960.
1961.
1962.
1963.
-1.3
-9.8
72.6
-155.9
23.0
16.5
-21.3
47.1
142.1
56.1
18.9
293.5
101.1
210.9
334.5
111.3
83.2
38.2
1964.
1965.
1966.
1/
.1
U.3
-123.4
U.l
17.5
-5.6
76.9
80.7
148.
397.6
75.1
Apr.
-5.7
-1.6
-.7
5.8
-72.9
-11.5
-5.9
.3
-16.5
-55.6
-4.7
3.3
-61.3
106.8
5.1
6.3
482.7
.5
12.9
-22.4
18.9
10.7
13.4
10.6
62.2
43.1
.4
-12.1
1.5
1.1
8.4
19.9
36.2
-2.9
29.9
46.7
35.4
-2.1
44.0
16.4
19.5
18.2
32.3
U.6
7.0
27.1
May
June
.4
.9
-.2
.4
.3
-35.2
-10.0
-34.4
.4
-338.6
-30.4
-54.7
-1.9
11.4
-145.8
20.5
-56.4
-69.8
-359.2
1.1
-88.4
July
Aug.
-2.3
-67.8
-18.5
-17.0
-157.8
-609
-8.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
5.4
-.1
8.2
4.4
3.8
-2.0
4.7
1.9
7.2
4.6
5.0
2.8
3.5
38.4
-10.0
11.8
-.3
.
5.1
3.5
1.5
20.1
-45.5
22.5
1.4
7.9
-21.7
74.8
313.4
-86.3
53.1
21.8
24.2
39.9
656.2
398.8
15.8
177.2
9.9
-14.5
15.4
-8.7
73.9
49.2
182.4
445.5
32.2
35.5
25.6
61.9
-59.0
155.8
143.1
298.8
141.0
69.7
59.4
28.7
145.9
2.9
35.9
2.8
56.2
5.7
Consists of purchases or sales, in the market, by the Treasury of securities
issued or guaranteed by the U.S. Government for (1) trust funds which by
law are under the control of the Secretary of the Treasury or the Treasurer
of the U.S., (2) accounts under the control of certain U.S. Government
agencies whose investments are handled through the facilities of the
Treasury Department; and (3) purchases prior to maturity by the Secretary
Sept.
.2
.4
-17.2
20.3
9.4
26.4
19.1
Oct.
-4.4
-.2
1.0
Dec.
-.3
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-123.0
-14.1
-57.6
221.0
-20.3
696.4
.1
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
-.2
-.1
7.0
29.0
8.2
41.0
234.8
21.3
33.3
43.7
113.1
39.7
27.8
19.5
33.8
116.8
-1.9
.3
-1.7
5.8
8.4
16.5
17.0
21.1
-30.7
17.3
-304.4
33.5
8.4
10.3
10.6
28.3
3.4
25.1
325.5
373.1
41.1
25.5
36.8
-23.3
345.7
83.9
-67.3
55.1
71.6
105.5
57.3
-25.4
436.7
223.4
578.6
169.8
198.6
126.2
39.8
100.1
233.0
18.3
U.4
56.2
26.6
17.3
.6
of the Treasury of any outstanding secxirities as authorized under
Section 19 of the Second Liberty Bond Act, as amended (31 H.S.C. 754a).
This table excludes (l) all investment transactions for the Exchange
Stabilization Fund; and C2) all purchases by subscription on original
issue and all securities which are redeemed upon maturity.
Less than $50,000.
..
.
..
...
,
.
Treasury Bulletin
70
OWNERSHIP OF FEDERAL SECURITIES-
Table
3.
-
Estimated Ownership of Federal Securities
(Par values 1/ in billions of dollars)
Held by banks
End of
month
1939-Dec.
1946-Feb. 2/.
Dec.
19 50- June.
Dec.
1951-June.
Dec.
19 52- June.
Dec.
19 53- June.
Dec.
19 5i- June.
Total
Federal
securities
outstanding 2/
Held by private nonbank investors
U.
Commercial
banks
Federal
Reserve
Banks
3/
S.
Government investment
accounts
Individuals /^
Savings bonds
Total
Total
Series
E and H
Other
series
^
Other
securities
Mutual
Insurance savcompanies ings
banks
State
and
Corporalocal
tions 6/
governments
Foreign
and international
2/
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
2.2
.4
.2
279.8
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
2.1
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.
34;
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
3.5
4.3
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
259.2
267.4
61.1
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
13.8
19.9
10.4
11.1
4.7
63.4
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
5.9
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
15.3
9.1
16.5
19.1
13.9
14.4
6.0
6.3
5.3
Dec.
271.3
278.8
19 55- June.
Dec.
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
14.3
15.0
14.6
8.7
8.5
18.6
23.2
14.7
15.4
6.8
7.5
19 56- June.
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
8.7
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
16.1
16.3
7.8
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
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
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.2
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
284.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
12.6
12.5
7.3
6.9
19.8
21.4
16.9
18.0
10.1
12.0
286.5
290.4
55.3
62.1
26.5
27.4
55.3
55.1
149.3
145.8
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
19.5
18.7
18.8
13.7
12.3
13.0
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
143.3
145.9
64.6
65.9
43.6
U.2
2.5
2.2
18.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
19.3
19.0
12.7
13.4
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
18.6
20.1
20.1
14.1
15.3
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.2
62.8
64.3
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.4
154.0
154.7
154.3
66.4
66.6
66.9
66.1
65.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
19.4
19.5
19.7
18.8
18.3
18.6
19.3
19.5
19.7
19.9
20.1
20.1
11.6
11.5
11.3
11.2
11.1
11.0
11.2
11.2
11.3
11.3
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
19.7
20.2
19.6
19.9
21.0
18.7
18.8
19.5
18.0
18.7
19.8
18.7
20.4
20.4
20.6
21.2
21.2
21.5
21.4
21.6
21.2
20.9
20.6
21.1
15.3
15.2
15.4
15.6
15.9
68.2
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
15.6
15.9
16.0
15.9
16.0
15.9
309.3
311.1
310.4
308.4
312.3
312.5
312.0
314.9
316.5
316.5
319.3
318.7
62.9
62.2
61.6
61.1
60.0
60.2
59.3
60.1
61.9
62.2
63.6
64.0
32.8
33.2
33.8
33.2
34.2
34.8
35.1
35.2
35.4
35.7
36.8
37.0
56.5
57.5
57.6
56.1
59.4
61.1
59.9
61.8
61.8
60.5
61.2
60.6
157.2
158.3
157.4
158.0
158.7
156.4
157.7
157.9
157.5
158.0
157.8
157.1
68.7
69.0
69.5
68.7
69.1
69.2
69.5
69.0
69.6
69.8
69.7
70.0
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
20.6
20.8
21.2
20.3
20.7
20.7
20.9
20.4
20.9
21.0
20.3
21.1
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
5.7
20.0
21.0
19.8
20.2
20.8
18.5
19.0
19.0
17.7
18.7
18.5
17.9
21.2
21.4
21.7
22.6
22.6
22.5
22.2
22.6
22.1
21.9
21.6
21.2
15.9
15.9
15.6
15.3
15.4
15.6
15.3
16.0
16.3
16.3
16.6
16.7
318.6
320.6
318.4
317.2
319.8
317.9
317.1
318.7
317.3
319.4
322.2
321.4
62.9
61.7
60.4
59.7
58.4
58.3
57.3
56.5
57.5
59.7
60.0
60.9
36.7
36.9
37.6
37.8
38.7
39.1
39.2
39.0
39.8
39.7
160.0
161.6
159.8
160.6
160.1
157.1
158.3
158.4
156.4
157.8
158.8
157.8
70.6
71.0
71.5
71.2
48.0
48.1
48.2
48.2
1.0
1.0
1.0
1.0
71.2
71.1
71.7
71.7
72.0
72.1
72.2
72.2
48.3
48.3
48.4
48.5
48.5
48.6
48.7
48.8
.9
.9
21.5
21.8
22.3
22.0
22.0
21.8
22.4
22.3
22.7
22.6
22.6
22.6
11.3
11.2
11.1
11.0
10.9
10.6
10.6
10.6
10.6
10.5
10.4
10.4
5.8
5.9
6.0
5.8
5.8
5.8
5.7
5.7
5.7
5.5
5.4
5.4
18.6
19.0
17.2
17.0
17.6
40.6
40.8
59.1
60.4
60.7
59.2
62.7
63.4
62.3
64.8
63.6
62.3
62.8
61.9
22.2
23.0
23.2
24.3
24.4
24.1
24.1
23.8
23.1
23.4
22.9
22.8
16.5
16.6
16.0
16.0
15.8
15.7
15.7
15.8
16.3
16.3
16.5
16.7
322.4
323.7
321.5
320.1
322.8
61.0
58.7
56.9
56.8
54.9
40.6
40.2
40.7
40.7
41.5
60.0
61.7
61.7
60.5
64.5
160.9
163.2
162.1
162.0
161.9
72.6
73.1
73.6
73.6
73.6
23.0
23.4
24.0
23.9
23.8
10.4
10.3
10.2
5.5
5.5
5.5
5.3
5.2
1,6.8
23.8
24.7
24.5
25.0
16.3
16.1
16.0
15.7
25.1
15.7
Dec.
19 57- June.
Dec.
19 58- June.
Dec.
19 59- June.
Dec.
1960-June.
Dec.
1961-June.
Dec.
1962- June.
Dec.
1963-Jan.
Feb..
Mar.
Apr.
May.
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
1964-Jan.
Feb..
Mar.
Apr..
May.
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
1965-Jan.
Feb...
Mar...
Apr.
May...
June
July..
Aug..
Sept..
Oct...
.
.
.
Nov. .
Dec...
1966- Jan...
Feb.
.
Mar..
Apr,
.
May p
66.1
66.9
67.2
67.5
67.7
68.0
Source:
Office of Debt Analysis In the Office of the Secretary.
1/ United States savings bonds. Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ 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.
.9
.9
.9
48.8
48.9
49.0
49.0
.7
.7
.6
49.1
4/
^
6/
7/
^
^
11.1
11.1
10.1
10.0
15.1
15.9
16.1
14.7
15.6
16.7
15.7
17.7
16.6
16.7
17.0
7.9
L5.8
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak, p
Preliminary.
Juhf
1966
71
.TREASURy SUTOEY OF CWNERSHIP,
The monthly Treasury Survey of Ownei^hip covers securities issued by the United States Government and by Federal agencies.
The banks and insurance companies included
in the Survey currently account for about 90 percent of all
such securities held by these institutions.
The similar
proportion for corporations and for savings and loan associations is 50 percent, and for State and local governnents,
70 percent.
Data were first published for banks and in-
mr
31, 1966,
corporations and savings and loan ewsoclations in the September 1960 Bulletin, and for State and local governments
in the February 1962 Bxilletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmanber banks are
published for June 30 and December 31.
appearing in the March
1954- B-ulletin.
surance companies in the May 19^1 Treasury Bulletin, for
Section
I -
Holdings by corpo-
rate pension trust funds are published quarterly, first
Securities Issued or Guaranteed by the United States Government
Table 1. - Summary of All Securities
(Par values - in millions of dollars)
Treasury Bulletin
72
.TREASDRy SUKTBI OF OWNERSHIP, MAY 31, 1966
Section
I
-
,
Securities Issued or Guaranteed by the United States
Table
3.
-
Government
Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
July
1966
73
.TREASUBY
Section
Table
3.
I
-
SUWEY OF CWNERSHIP, HAY
31, 1966,
- Securities Issueei
or Guaranteed by the United States
Interest-Bearing Public Marketable Securities by Issues
Government
-
(Continued)
74
Treasury Bulletin
.TEEASDRy SDIWEY OF OWNERSHIP, MAY 31, 1966,
Section
- Interest-Bearing
Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
II
(Par values - in millions of dollars)
July
1966
75
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1966
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
Table
(millions)
1. -
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Treasury Bills
Treasury Bulletin
76
MARKET QUOTATIONS ON TREASURY SECURITIES, JUNE 30, 1966
Table
4.
-
Treasury Bonds
July
1966
77
MARKET QUOTATIONS ON TREASURY SECURITIES,
O)
d
to
UJ
^2o
.
UJ
B
P§
OCQ
UJ o<
V)
ujs;
I— CD
<n
JUNE 30, 1966.
...,
.
s
s
,
s
s
s
3
Treasury Bulletin
78
.AVERPCE YIELDS OF LOHG-TEIW BONDS.
Table
Average Yields of Treasury and Corporate Bonds by Periods
1. -
(Percent per annamj
Period
Treasury
bonds 1/
Moody' s Aa
Treasury
bonds 1/
Period
corporate
bonds
Hojdy's A3
Koody's Aa
corporate
bonds
Treasury
bonds 1/
Ci3rpoi-at e
bonds
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
2.44
19^2
1943
19U
1945
1946
1947
1948
1949
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
2.83
2.73
2.72
2.62
2.53
2.61
2.82
2.66
2.31
Monthly series
Moody
Aaa
corporate
bonds
'
Period
Treasury
bonds 1/
January
February
March. ...
April ....
May
June
1955
2.68 2/
2.78
2.78
2.82
2.81
2.82
2.93
2.99
3.02
3.01
3.04
3.05
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
January
February.
March
April
May
June
1956
2.88
2.85
2.93 1/
3.07
2.97
2.93
3.11
3.08
3.10
3.24
3.28
July
August.
September
October. .
November.
December
3.00
3.17
3.21
3.20
3.30
3.40
.
.
.
.
.
y
Treasury
bonds 1/
Moody'
Aaa
corporate
bonds
-
Moody'
Aaa
corporate
bonds
4.01
4.08
4.09
3.90
4.10
4.12
4.10
4.08
3.81
4.11
4.10
4.26
4.11 2/
4.12
4.27
3.27
3.24 2/
3.28
3.25
3.12
3.14
3.20 2/
3.60
3.59
3.63
3.60
3.57
3.57
3.28
3.43
3.56
3.59
3.69
3.75
3.36
3.60
3.75
3.76
3.70
3.80
3.67
3.85
4.09
4.11
4.09
4.08
1958
Moody'
Aaa
corporate
bonds
3.43
3.79
4.08
4.02
3.90
3.95
4.00
4.15
4.21
4.38
4.41
4.35
4.33
4.26
4.40
3.88
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
4.56
4.49
4.45
4.46
4.45
4.08
4.09
4.01
3.86
3.79
3.84 2/
3.91
3.93
3.88
4.41
4.28
4.25
4.30
4.31
4.35
4.02 2/
3.98
3.94
34
35
32
3.89
3.87
3.87
28
3.89
3.81
3.78
3.80
3.73
Moody'
Aaa
corporate
bonds
Moody'
Aaa
corporate
bonds
1965
4.14
4.16
4.15
4.15
4.14 2/
4.14
4.43
4.41
4.42
4.43
4.00
4.21
4.19
4.19
4.21
4.22
4.23
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
4.15
4.19
4.25
4.28
4.34
4.43
4.48
4.49
4.52
4.56
4.60
4.68
4.42
4.42
4.39
4.33
4.28
4.28
4.15
3.89 2/
3.92
3.93
3.97 2/
3.97
1960
1964
3.89
3.88
3.90
Treasury
bonds 1/
1963
4.32
4.27
4.22
4.25
4.27
4.33
3.91 2/
3.92
3.92
Treasury
bonds X''
1961
4.12
4.14
4.13
4.23
4.37
4.46
60
63
bb 2/ 3/
73
57 2/
30 2/
Treasury
bonds 1/
12^
3.77
3.67
3.66
3.67
3.74
3.91
1958.
1959.
I960.
1961.
1962.
1963.
1964.
1965.
averages of daily series
Treasury
bonds 1/
1957
3.34
3.22
3.26
3.32
3.40
3.58 1/
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
25
24
4.U
4.46
1966
July
1966
79
AVERAGE YIELDS OF LONG-TERM BONDS
(/)
:
Treasury Bulletin
80
-EXCHANGE STABILIZATION FUND.
Table
1.-
Balance Sheets as of June 30. 1965, and March
June 30, 1965
Assets:
Cash:
Treasurer of the United States, checking account
Federal Reserve Bank of New York, special account
Imprest fund
Total cash
Special account of Secretary of the Treasury with
Federal Reserve Bank of New York - Gold
Foreign exchange due from foreign banks: 1/
Oesterreichische National bank
Banqu^ Nationals de Belgique
Banque Nationale de Belgique (l.M.F.)
Banco do Brasil
Bank of Canada
Bank of Canada (l.M.F.)
Banco Central de Chile
Deutsche Bundesbank
Deutsche Bundesbank ( I .M.F . )
Banco Central de la Republic Dominicana
Bank of England
Banca d' Italia
Banca d'ltalia (l.M.F.)
De Nederlandsche Bank
Sveriges Riksbank
Banque Nationale Suisse
Bank for International Settlements
Investments in
U S . Government securities
Foreign securities
,
Accrued interest receivable
Accrued interest receivable
-
foreign agreements
Accounts receivable
Deferred charges
Office equipment and fixtures
Less allowance for depreciation
Land and structures
Total assets
Liabilities and capital: 2/
Accounts payable:
Vouchers payable
Employees' payroll allotment account, U. S. savings bonds
Miscellaneous
Total accounts payable
Advance Ejcpense Payment to Fund
Special deposit accounts
Advance from U, S. Treasury (U. S. drawings on l.M.F.)
Capital account
Deduct subscription to International Monetary Fund
Net inccsne (see Table 3)
Total liabilities and capital
$1,125,668.72
31,
1966p
March 31, 1966p
Juhf
1966
81
.EXCEABSE STABILIZyvnOlI TUBS.
Table
2.
-
Current United States Stabilization Agreements, March 31, 1966
Date of agreements
Country
Original
(Effective)
Renewal
Original
agreement
Expiration
Advances
Repayments
(In millions)
Brazil
Chile.
I
May 16, 1961
May
Mar. 13, 196A
4, 1965
Feb.
4, 1965 1/
Jan. 30, 1966 1/
15
16.1
12
16.1
7.7
3.9
Aug. 10, 1964
Aug. 10, 1965 1/
6.3
6.3
2.4
[_Feb.
Dominican Republic,
Mexico.
1/
15,
1963 1/
$70
$117.7
J130
Dec. 31, 1967
No futher drawings permitted after expiration.
Table
Classification
3.
-
Income and Expense
January 31, 1934 through
June 30, 1965
January 31, 1934 through
March 31, 1966p
Income:
Profits on transaction.*^ in:
Gold and exchange (including profits from
handling charges on gold)
Sale of silver to U. S, Treasury
$138, 704,308,37
$143,616,075.86
473,362,29
3,473,362.29
3,
Silver
102,735.27
102,735.27
Investments
638,546.28
2,638,546.28
Miscellaneous
132,850.91
138,390.15
Interest on;
Investments
51,
356,155.59
66,897,200.70
Foreign balances
20,
729,921.54
23,692,593.59
217,137,880.25
240,558,904.14
31,590,356.23
34,091,506.65
Travel
1,973,064.47
2,114,409.05
Transportation of things
2,308,880.07
2,418,262.95
942,213.09
1,005,078.10
Total income
Expense
Personnel compensation and benefits
Rent, communications, and utilities
Supplies and materials
Other
Total expense
Net income"
p
Preliminary,
266,157.50
291,416.95
4,354,497.37
4,753,167.09
41,435,168.73
44,673,840.79
175,702,711.52
195,885,063.35
..
.
..,
,
Treasury bulletin
82
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 j/
Total gold stock
and foreign currency
holdings
End of calendar
year or month
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
Foreign
currency
holdings 2/
Total 2/
Treasury
,091
,793
,753
,058
,857
,582
,507
,804
,063
,156
,808
,903
587
22,030
21,713
21,690
21,949
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733
22,091
21,793
21,753
22,058
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806
116
99
212
432
781
14,595
13,934
14,049
546
July
August.
September
October.
November
December.
14,697
14,953
14,884
14,795
14,686
14,587
13,857
13,857
13,858
13,857
13,805
13j733
13,969
13,916
13,925
13,937
13,879
13,806
728
1,037
959
858
1966- January.
February
March ....
April ,.
May
June p .
14,450
14,188
14,297
14,190
14,210
13,732
13,730
13,634
13,632
13,532
13,433
13,811
13,811
13,738
13,668
13,582
13,529
639
377
559
522
628
722
1965-June
.
.
14,251
.
The-United States also has a gold tranche position in the International Monetary Fund, amounting to t706.8 million as of June 30,
In accordance with Fund policies the United States has the
1966.
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 $5,160 million.
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U.S. Government securities; as of June 30, 1966, this
amounted to $800 million. Of this amount, the United States purchased $200 million in 1956, t300 million in 1959, and $300 million
Beginning September 1965 includes gold deposited by the
International Monetary Fund ($181.0 million as of April 30, $182.7
million as of May 31, and $182.9 million as of June 30, 1966) for
the purpose of mitigating the impact of gold payments to the Fund
for quota increases by countries which purchased such gold from the
United States. The United States has a corresponding gold liability
to the Fund,
Includes gold in Exchange Stabilization Fund, which is not included
(Data
in Treasury gold figures shown in daily Treasury statement.
as of December 31, 1965 and earlier dates for Treasury gold stock
taken from Circulation Statement of United States Money.)
Includes holdings of Treasury and Federal Reserve System.
Preliminary.
In 1960.
Note:
1/
807
781
2/
2/
p
Table 2. - U. S. Treasury Nonmarketable Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Austria
Belgium
Germany
Italy
Canada 2/
Switzerland 1/
Italy
(Dollar equivalent, in millions)
200
200
1962
1963
1964
1965
251
730
1,086
1,208
50
50
101
30
30
30
275
679
602
1965-June
1,137
101
30
679
July
August,
September
October,
November.
December.
1,259
1,259
1,259
1,208
1,208
1,30?
101
101
101
101
101
101
30
30
30
30
30
30
653
653
653
603
602
602
125
125
125
125
125
1966- January
February,
912
101
101
101
75
75
75
30
30
452
401
351
301
125
125
.
,
March
April
May
June
,
, ,
339
7.3S'
713
640
589
30
30
30
30
IS";
i:'5
125
125
125
251
200
Note:
For complete information on U,S, Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
1/
125
"Public Debt Operations," Tables 8 and 9,
Includes bonds payable in Swiss francs to the Bank for International
Settlements, Amounts outstanding were $70 million, May 1964 through
2/
51
13
25
25
25
175
327
350
163
354
484
125
329
299
327
354
329
25
350
350
350
350
350
350
354
354
354
354
399
484
329
329
329
329
299
299
25
25
25
25
25
25
205
182
182
182
484
484
299
299
299
299
299
299
158
158
524
524
517
512
160
75
160
160
160
200
200
193
188
25
25
25
25
25
25
June 1965, and $93 million, July 1965 through December 1965.
Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965, and $174
million, November 1965 through latest date shown.
J
July
1966
83
INTERNATIONAL FINANCIAL STATISTICS.
Table 3. - U. S. Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars at |5S per finp troy ounc^;
negative figures represent net
snK-^? by
the United
Stat'=-s;
positive figures, net acquisitions)
Treasury Bulletin
84
.INTERNATIONAL FINANCIAL STATISTICS.
Table
4.
-
Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions 1/
Juhf
1966
85
J^WER^lATIONAL FINANCIAL STATISTICS.
Table
5.
-
Liabilities to Fcreign Official Institutions
and International and Regional Organizations
(In millions of dollars)
V
Treasury Bulletin
86
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
"Short-term" refers to obligations payable on demand
States and foreign countries have been collected since 1935,
or having an original maturity of one year or less, without
pursuant to Executive Order 656O of January 15,
tive Order 10033 of February
promulgated thereunder.
8,
19-1.9,
1934-,
Execu-
and Treasury regulations
Information on the principal types of
data and the principal countries is published monthly in the
deduction of any offsets
.
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
Reports by banks, bankers, securities
The data published herein do not cover all types of
brokers and dealers, and nonbanking business concerns in the
capital movements between the United States and foreign
United States are made Initially to the Federal Reserve Banks,
countries.
"Treasury Bulletin."
The data reported to and published ty the Treasury
These
Department exclude entirely the intercompany capital trans-
statistics are consolidated by the Treasury and published as
actions of business enterprises in the United States with
promptly as possible.
their own branches and subsidiaries abroad or with their for-
which forward consolidated figures to the Treasury.
The reporting forms and instructions used in the collection of the statistics have been revised a number of times.
The most recent revision became effective with reports' covering
data as of May 31, 1963.1/
A detailed description of the
conten't of the statistics, including the changes instituted,
appeared in the July 1963 issue of the "Treasury Bulletin,"
pages 79-81.
As a result of changes in presentation intro-
duced in that issue, not all breakdowns previously published
will be exactly comparable to those now presented.
Basic definitions
The term "foreigner" as used in the Treasury reports
eign parent companies; such transactions are reported
capital transactions of -the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
The liabilities data exclude nonnegotlable, noninterestbearing special notes of the United States held by the Inter-
American Development Bank and the International Development
Association.
The data on securities transactions and on foreign
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
Certain capital trans-
.
actions not effected through reporting institutions, such as
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
^
Data on the
business firms to the Department of Commerce.
holdings of U.S. Goveriment bonds amd notes excliiie non-
marketable U.S. Treasury notes, foreign series, and
non"-
marketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section, Table
2).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
international and regional organizations are reported opposite
Forms are published in three sections.
the classification "International," "European regional," or
siramary of the principal data by period;
"Latin American regional," as appropriate, except for the
data by country and by period; and Section III shows detailed
Bank for International Settlements and the European Fund,
breakdowns of the latest available preliminary data.
which are included in the classification "Other Western
Europe
."
Section
I
provides a
Section II presents
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
1/ 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.
.
July
1966
87
CAPITAL MOVMENTS.
Section
Table
-
1.
Net Movements
(
of
I
-
Summary by Periods
Banking Funds and Transactions
In Eoillions of dollars;
in
Long-Term
Securities with Foreigners!/
negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in claims on foreigners
Changes in liabilities to foreigners
Calendar year
or month
Transactions in:
Net
movement
Total
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,278.1
521.9
945.0
416.4
-940.5
-903.6
3,338.5
479.8
-4D4.8
1946
19i7
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
-752.1
550.3
405.7
-25.1
1,971.5
Short-term
banking
funds
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
1,822.9
1,883.4
2,631.9 i/
-134.8
972.8 2/
2,486.0
943.5
2,906.2
198. 4r
646.9 2/
1.1
-0.4
0.3
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
1962 i/
1963
1964
1965 6/
1966 Jan. - May p 7/
305.4
-836.9
-532.2
-993.2
717.4 7/
1965-May
June
July
August
September
October
November
December
-359.9
126.8
83.0
567.4
263.2
254.2
-255.8
-136. 3r
-417.1
159.2
-68.8
536.9
357.2
236.2
-98.2
-13. 8r
-418.6
321.3
81.4
678.0
371.9
321.6
-62.5
1966- January 8/
February 7/
291.6
-246.4 2/
33.4
300.1
338.7
233.0
-243.5 2/
230.6
350.9
401.3
205.5
-123.3 2/
112.2
247.6
204.9
V
March
April p
May p
1/
2/
y
y
y
y
•
•
•
V
y
funds
0.5
3.2
-3.6
-0.3
0.3
0.2
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
73". 3
Long-term
banking
y
-99. 3r
5.1
62.1
236.2
203. 6r
328.3
-0.4
60.1
-58.7
0.9
7.1
-35.2
47.5
47. 3r
1.4
-4.4
57.9
157.3
116.1
For an explanation of statistical presentation and exclusions, see
headnote on page 86.
Through 1949, transactions in U.S. Government bonds and notes Include
transactions in domestic corporate bonds.
Data below the line include changes in liabilities and claims reported
by a niunber of banks Included in the aeries beginning December 31, 1961.
Change includes claims previously held but first reported as of May 31,
Also
1963; as of that date such claims amounted to $35.6 million.
includes claims reported by banks for the first time as of December 31,
1963; as of that date such claims amounted to $193.2 million, representing in part claims previously held by banks but not reported.
Change in short-term liabilities includes a net increase of $50.8
million as of December 31, 1964, arising from changes In reporting
coverage.
Data below the line on changes in claims reflect the exclusion from
U.S. Gov't.
bonds
and
notes 2/
Other
domestic
securities
2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
-135.0
-52.1
36.3
688.9
126.6
512.2
-64.5
-150.6
-144.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-398.4
-422.4
-1,076.3
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,314.0
-728.0
670.9
-337.7
-75.8
-306.4
59.8
206.9
-172.8
-461.0
304.0
-1,517.5
-2,725.3
-3,164.1
858.4
-255.4
-0.7
14.3
20.2
8.3
-55.9
1.6
2.6
-236.5
-111.7
-100.3
-27.7
-6.2
-27.3
36.6
57.2
-32.4
151.8
-19.5
-94.0
18.0
-157.6
-8.8
-117.8
-54.5
-65.5
-59.8
34.9
2.0
115.0
11.5
140.6
58.6
-2.9
-197.2
-50.3
-63.1
529.0
5.9
-U.O
2/
y
Short-term
banking
funds
Total
y
y
y
34.9
-86.3
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-133.0
-153.3
-335.4
-343.0
-311.6
-1.494.4
325.4
176.3
-126.6
-869.5
-941.6
-231.3
86.4
y
174.3 8/
35.4
-116.2
116.9
-84.1
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
-330.4
y
y
60.6
74.5
12.3
-24.9
-28.8
11.9
7.3
51. 3r
75.4
22.5
28.9
-25.7
-14.7
Transactions
in foreign
securities
-1,047.9
-1,044.2
-723.1
-952.5
-518.1
-28.1
-124.4
-48.6
-22.6
-108.4
-100.6
-70.5
-27.9
-191.1
-110.3
-109.9
-142.0
35.7
the series beginning December 31, 1964 of short-term U.S. Government
claims previously included; and the addition to the series of claims
arising from the inclusion of claims previously held but first reported as of December 31, 1964, and from revisions of preliminary
figures.
Change in short-term liabilities excludes $776.3 million representing
letter of credit issued by the U.S. Treasury Department to the International Monetary Fund in payment of the dollar portion of the U.S.
quota increase which became effective on February 23, 1966.
Data below the line on changes in short-term claims reflect the addition to the series of short-term claims held in custody for domestic
customers but reported by banks for the first time beginning December 31,
1965, and short-time claims reported by banks reporting for the first
time.
p
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-30.3
144.2
-432.0
-162.0
-397.2
-253.7
-342.6
-32.0
-990.2
-1,148.2
24.7
17.5
188.1
28.0
43.2
106.7
-94.4
-145.9
-122. 5r
Long-term
banking
funds
Preliminary.
r
Revised.
"
.
.
,
Treasury Bulletin
88
CAPITAL MOVEMENTS.
Section
Table
2. -
Banking
I -
Summary by
Periods
and Claims on Foreigners
Liabilities to
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
Payable in dollars
End of calendar
year or month
Total
shortterm
liabilities
6,883,
6,480,
7,116,
7,713,
7,618,
19i5.
19i6.
19i7.
19i8.
19i9.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
8,6W
9,302
10,546
11,648
12,918
13,600
14,939
15,158
16,159
19,388
21,271
22.450
22,532
25,018
25,967
19'i8.
1959.
I960.
1961.
1961 5/
1962
1963.......
Foreign countries
Official
institutions
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
7,916.6
8,664.9
9,154.3
10,212.3
10,893.2
10,893.3
11,915.3
12,436.9
Other
foreigners
Foreign
banks
2/
u
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9
3,413.0 4/
3,460.5
4,601.1
4,704.8
5.299.5
5,380.4
5,251.0
5,713.0
U
2,678.
2,922.
2,972.
2,947.
3,001.
1,392.
1,513.
1,675,
1,779.
1,805.
1,783.
2,029.
2,252.
2,430,
2,398.
2,229.
2.355
2,356.
2,564.
3,046.
Payable
International
and
regional
1,641.1
1,584.9
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
28,873 48/13,220.3
7,213.4 8/
3,376.3 8/4,973.5
1965 10/
29,071 .8r
13,065.9
7,359.7
3,587.2
4,999. 6r
1965-May
June
July
August
September. .
October
November. ...
27,459.4
27,780.7
27,862.1
28,540.1
28,912.0
29,233.6
7,112.8
7,159.6
7,388.5
7,824.8
7,840.1
8,087.7
7,817.4
3,439.1
3,471.4
3,483.3
3,484.8
3,503.0
3,545.8
3,591.6
4,862.8
4,847.7
5,145.5
5,058.3
5,125.0
29,171.1
11,954.7
12,200.6
11,747.8
12,058.9
12,326.2
12,403.2
12,578.9
December
29,071 .8r
13,065.9
7,359.7
3,587.2
4,999.6r
1
1/
966-January
February 12/
March U/...
April p 12/.
May p 12/.
V
2/
2/
4/
.
29,277.2r 12,550.1
29,153.912/12,156.7
29,266.212/12,157.6
29,513.712/12,226.5
29,718.612/12,459.4
7,674.3
7,741.9
7,759.1
7,872.9
7,932.8
3,592.0
3,657.8
3,675.8
3,711.7
3,694.3
foreign
currencies
6/
7/
5,096.1
5,084.6
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
150.4 6,
150.4 %j
143.4 6/
134.1 6/
dT P""T'^
ru^?-/r$i^3T^rie:r?!^t"t^ri.rih: it^-
Short-term xiamiiLies
8/ juui-o-otti-Hi
liabilities incj.uae
include a net increase or
of ;if5U.a
$50.9 million arising from changes in reporting coverage, distributed as follows:
"Official institutions" -$4.,0 million, "Foreign banks" +$60.3 million,
3,614,
4.762
4,820,
5,163
5,974
513
10/
11/
12/
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
328.5
358.9
186.0
223.3
,048,
2,624
4A4
2/
73..4
86.1
2,199,
2,542,
59.3
59.3
2/
2/
2/
1,945
90.0
101.4
97.0
113.3
117.7
100.8
98.5
505
446
447
454
419
466
513. 8r
515
510
568
726
842
Foreign
bankp
2/
904,
1,386,
1,548,
89.9 8/ 310. 2r
™
"f
1
%
^'^^^"'^-y^^ ^^"-^
the preceding line by inclusion of
nrbil^frr
liabilities and claims reported by a number
of banks included
u u in i,ne
the
series beginning December 31, 1961
i""^^ t° f^eign official institutions beginn?na"rf
t h^^^q"?
ning October
19ol.
Figures for selected dates are as followsend 1961, $46 3 million; end
1962, $47.9 million; end 1963, «30.1
™'^.'^"'' 1^^6, $317.2 ndllion; end May 1966,
$367.2 million,
SclX;
^'" '"' '^"* ^"'^'^•"'^ ^= °f M-y 31, 1963
as of ?ha?
Official
institutions
1,018.
827.
898,
968,
U.9
Payable
Loans to:
392.
708.
948.
5,095.3r 365. 5r
5,209.712/387.9
5,292.212/381.4 6/
5,296.612/405.9
5,195.512/436.7 6/
For exclusions see headnote on page 80.
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
^^a.-^institutions
f
ities
40.6
49.7
70.4
51.0
.
V
liabil-
Payable in dollars
Total
shortterm
claims
25.5
473.7
2,262.0
1,864.3
1,657.8
1,527.8
1964 8/ 2/.
1
in
Total
longterm
7,469,
7,957 2 2/220.8
7.631, 7
271.2
7,727 6IO; '271 .2
7,775
212.9
7,757
230.9
7,569
241.4
233.5
7,541
239.2
7,498
7,391
264.8
251.3
7,485
I
271.2
7,631 7
7,727 611/271 .2
259.1
7,553
225.7
7,467
7,584
232.5
224.1
7,467 2
225.3
7,551 3
I
,
in
Other
foreigners
245.0
290.5
490.6
100,
319.
292.
361.
222.
151.
177.
122.
156.
206.
328,
405,
385,
439,
497,
524,
699,
427
46O
482
617
709
"522;
952,
954,
641,
773.
1
.J73
1,402
1,565
1,567
1,461
1,475
1,422
1,458,
1,467
1,440,
1,535,
1.565
1,567.
1,497.
1,496.
1,507.
1,425.
1,520.
Other
claims
557.1
109
494.3
328.7
503.4
627.9
451.5
142,
584.1
235
330
303
660.0
883.8
1,121.6
1,076.7
1,098.2
1,837.8
104,
109
131
.054.
1,149.
130.
1,129.
1,144.
1,147.
1,139.
1,128.
1,106.
1,101.
1,100.
1.130.4
l,129.4r
1,107.2
1,091.4
1,123.4
1,068.0
1,083.1
2.531.1
2,573.9
2,652.9
3,429.4
4.158.8
4,559.6
,190.2
4^267.8
4,381.9
4,337.2
4,233.8
4,211.5
4,152.5
4,089.0
4,095.5
.190.2
4,267.8
4,213.7
4,217.8
4,275.6
4,344.4
4,308.1
foreign
currencies
47.5
98.1
165.4
100.4
110.8
240.6
91.8
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
78,
101,
211,
U0.5
163,
149,
147,
670.9
839.4
1,173.8
197,
1,362.1
1,545.1
217
479,
585
115:3
557.1
630.8
659.0
624.5
474.0
324.9
U0.9
1,698.4
2.033.8
2,033.8
2,160.4
3,029.8 7/
3.971.4
4,284.7 2/
4TPr
4,516.0
574.7
566.2
532.9
509.3
532.8
496.2
502.8
4,619.6
4,545.1
4,532.8
4,557.7
4,586.5
4,574.6
4,567.3
474.0
491.9
475.4
436.0
444.7
405.4
414.7
4,440.6
4,418.0
4,389.1
4,414.8
4,429.5
4,516.0
"Other foreigners" +$22.5 million, and "Payable in foreign currencies"
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as of December 31, 196^. of $58-1 million of
short-term U- S, Government claims previously included; and because
of the addition of $5-^5.9 million of short-term claims and $313.3
million of long-term claims arising from the inclusion of claims
previously held but first reported as of December 31, 196^, and from
revisions of preliminary figures.
See footnote 11.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning December 31, 1965, and short-term claims reported by banks
reporting for the first time.
Short-term liabilities exclude $776.3 million letter of credit issued
by the U. S. Treasury Department to the International Monetary Fund
in payment of the dollar portion of the U,S. quota increase which
became effective on February 23, 1966.
Preliminary.
Revised
July
1966
89
CAPITAL MOVEMENTS
Section
Table
3.
I
-
Summary by
,
Periods
Domestic Securities by Foreigners!/
-Purchases and Sales of Long-Term
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Net purchases
Calendar year or month
Purchases
Bonds 2/
Foreign countries
Sales
International
and
regional
Total
Other
Official
4H.5
3U.8
194t
19^7
19i8
1949
1950
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
391.0
697.5
168.1
168.8
167.5
7.4
92.3
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,U9.4
1964
1965
1966-January-Ma7 p.
1965-May
June
July
August
September
October
November
December
181.8
27.6
iOO.7
19.7
18.3
240.6
15.3
18.8
153.8
15.8
1966-January
February
March
April p
May p
1/
2/
1,077.2
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.8
883.4
1962
1963
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
1,341.1
1961...-.
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
13.9
188.7
-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
-52.1
Net
purchases
Purchases
1/
2/
1/
1/
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
2/
Net
purchases
Purchases
367.6
226.1
369.7
354.1
666.9
432.1
376.7
514.1
375.3
11..7
739.8
650.2
15..3
6..1
619.
649.2
533.9
1,1 i5.1
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
460.7
675.0
y
%
108.3
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
246.4
284.4
636.7
-21..6
-64.5
-150.6
-144.3
-21.2
2.9
120.3
Net
purchases
of
domestic
securities
-334.2
-99.2
-51.3
9.3
176.3
38.3
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3, 06'. 3
2,260.2
2,724.0
3,076.2
3,632.1
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
4,131.4
-349.1
-499.3
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
-510.5
-536.8
28..7
35..3
51..3
589.1
664.0
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
-58.7
-19.6
36.0
95.1
273.0
164.9
224.5
532.2
-521.4
301.8
-315.2
-151.2
-306.5
-4.7
13.3
-315.0
611.8
227.1
384.5
2,297.2
2,377.9
-80.6
-2.5
-15.1
14.1
14.1
20.0
14.2
5.8
-33.1
.3
13.9
62.3
296.6
13.6
-.7
14.3
20.2
8.3
5.9
-44.0
-55.9
1.6
68.4
43.3
38.8
16.6
46.0
44.1
-171.6
-15.8
-7.8
10.7
-.7
7.8
130.5
277.1
278.1
204.9
217.9
319.2
404.2
364.5
445.6
318.7
343.0
300.7
310.5
357.7
409.7
399.7
539.5
-41.6
-64.9
-95.8
-92.5
-38.5
-5.6
-35.2
-93.9
-222.2
-91.5
-91.9
-21.9
-50.2
-83.3
38.2
27.6
271.7
70.3
79.4
248.5
-8.8
-117.8
-54.5
-65.5
-59.8
22.3
22.4
156.3
33.5
150.0
407.6
414.5
438.7
505.7
530.7
395.1
434.9
480.0
527.7
540.2
12.6
-20.4
-41.3
-22.0
-9.5
26.1
-115.8
60.5
-54.0
80.7
523.'
-97.
-20.1
-206.
369.
-4.7
-43.1
1.4
.2
30.3
61.6
198.0
24.3
220.0
54.6
24.3
35.3
31.0
53.7
67.5
-4.6
5.6
-.1
18.6
-4.2
2.4
-9.1
-9.8
-136.4
-50.3
-67.9
-50.6
63.5
74.6
220.1
68.1
185.5
41.2
52.2
63.7
34.5
35.5
-1.9
-11.0
-8.1
.2
.2
-4.0
.1
.1
y
For exclusions see headnote on page 36.
Through 1949, includes transactions in corporate bonds
17.3
72.6
50.1
111.1
197.5
1.9
Through 1949, included with transactions in U.S. Government bonds and
*
notes.
Preliminary.
Less than $50,000.
p
4. - Purchases
Sales of
Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
and
Table
Long-Term
Foreign bonds
Foreign stocks
Calendar year or month
Purchases
1946
Sales
Net
purchases
Purchases
Sales
Net
purchases
-.4
14.6
Total
purchases
Net purchases
of foreign
securities
2,U0.1
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
-460.4
-944.0
-1,095.4
-928.3
-1,242.1
1966-January-May p
693.3
1,235.8
-541.9
426.0
402.1
23.8
1,119.7
1,637.9
-518.1
1965-Kay
June
July
August
September.
October
November
December
128.6
98.6
72.2
47.7
289.2
100.9
124.5
93.9
175.0
258.0
-46.4
-159.4
-72.7
-49.0
-129.7
-115.7
-28.5
-40.5
69.9
71.4
64.3
70.2
75.1
67.1
51.6
36.4
40.2
43.8
53.8
52.3
50.5
70.8
18.3
35.0
24.1
26.4
21.3
15.1
18.0
12.6
197.2
170.0
136.5
118.0
364.3
168.2
193.1
177.3
227.8
294.4
185.1
140.5
472.7
268.8
263.5
205.5
-30.6
-124.4
-48.6
-22.6
-108.4
-100.6
-70.5
-28.2
109.4
83.2
243.4
105.5
152.3
307.9
189.5
352.4
230.2
155.8
-198.5
72.6
70.9
100.4
87.7
94.4
65.1
75.5
101.3
105.0
55.2
7.4
-4.6
-.9
-17.3
39.2
181.9
154.1
343.8
193.2
246.7
373.1
264.9
453.7
335.2
211.0
-191.1
-110.8
-109.9
-142.0
755.9
658.7
211.6
321.2
1-947
1948
1949
1950
589.2
500.4
495.3
542.5
1951
195?
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
1964
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
1,198.1
1965
1966-January
Februnry
March
April p
May p
p
Preliminary.
.
.
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
1,445.0
1,262.4
2,037.3
2,086.0
1,843.1
1U.9
96.7
418.9
216.5
213.0
134.4
-10b.
-109
.
-124.6
-3.5
65.2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
743.4
906.2
fa?. 5
S3.
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
6U.3
548.2
616.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
821.2
715.9
293.3
Total
sales
556.1
265.1
6''6.8
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
-728.1
-952.5
-W3.9
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
51.2
200.3
289.5
1,663.2
2,104.2
386.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,843.2
2,730.3
2,391.3
3,056.7
-29.1
-336.4
-237.7
-82.6
-370.0
410.1
1,686.1
35.7
,
1
.
.
Treasury Bulletin
90
CAPITAL MOVaiENTS
Section II
Table
1.
-
Short-Term
-
Summary by
Countries
Banking Liabilities to Foreigners!/
(Position at end of period in millions of dollars)
Calendar year
1966
Country
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.
1963
329. 1
177. 4
67.
73. 2
365.5
419.9
160.7
99.3
1,478.3
3,040.7
188.4
802.5
360.1
132.9
191.4
205.0
409.1
905.6
20.6
1,483.2
15.9
465.2
1.8
23.7
1,156. 6
2,729. 9
118. 9
1,383. 8
248.
124.
160.
177.
490.
907.
2
7
6
2
5
5
25. 2
1,608. 6
10. 5
351.
2/
7-
2. 6
18. 5
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
2i
10,161.7
10,769.8
3,348.9
2,987.7
209.6
204
135.3
148.3
375.5
179.2
143.4
169.3
10.9
668.8
128.7
158.2
113.5
590.7
354.7
135.9
93.3
15.4
.
U.7 4/
531.1
98.2
105.1
101.1
405.0
264.7
122.8 6/
V
97.4
10.5 i/6/
,448.0
Total Latin America
Asia:
China Mainland
35.7
65.3
41.4
28.5
81.3
2,195.2
135.7
174.5
75.2
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
332.7
27.?.(=.
U.l
Total Asia
Africa:
Congo
( Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt),
Other Africa
35.2
67.9 6/
41.5
13.9
160.5 2/
Total Africa
Other countries:
Australia
All other
Total other countries.
International and regional:
International
European regional
Latin American regional...
^
Total international and regionalS/.
Grand totalS/.
1962
.
1964 g/
1965
January
February
March
April p
May p
July
1966
91
CAPITAL MOVEMENTS
Section
Table
2.
-
II
-
Summary
,
by Countries
Short-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
Country
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.
7.9
25.5
13.3
52.2
69.5
121.
9.1
96.8
33. i,
/i0.3
U.2
25.5
30.1
70.0
^8.0
236.8
6.6
22.9
15.7
Total Europe
939.1
Canada
637.8
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
1=3.0
162
187.5
207.5
.
17.'.
Panajna
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics
Antilles and Surinam
America
Total Latin America
1,741.6
Asia;
China Mainland
l.~
Hong Kong
. .
.3
22.3
2,171.4
25.0
113.2
8.0
52.3
70.9
Total Asia
2,493.3
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
.7
1.3
15.4
28.0
53.7
104.2
Other countries:
Austral ia
All other
Total other countries.
11. J
17.3
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
.
.
International and regional
Grand total
.
Berniuda
i65.1
3i.6
99.5
64.6
113.7
134.5
41.8
8.8
15.8
.
i/
Treasury Bulletin
92
.CAPITAL MOVMENTS
Section II
Table
3.
-
-
Summary by
Countries
Long-Term Banking Claims on Foreigners
Juhf
1966
93
CAPITAL MOVBIENTS
Summary by Countries
Net Transactions in U. S Government Bonds and Notes by Foreigners
Section
Table
4.
-
II
ne^tlve figures indicate net gal«8 hy forelrvws or
Calendar year
Country
19d3
Europe:
1,935
588
-2,681
Deninark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
-2,050
175
79
-16
553
50i
38,965
-13
-1U
39,405
2i7
-19
-8,762
7\igo3lavia
Other Western Europe
U.
S.
S.
2,168
R
Other Eastern Europe
Total Europe
Canada
-90
70,89i
296,901
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
-U1
64
33
-41
139
266
-65
-335
-41
-329
-244
-227
735
^486
Total Latin America
Asia:
China Mainland
Hong Kong
India..
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
26
-21
-76
1,694
T5T
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
Ipternational and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
-
.
(In thousands or dollars;
Austria
Belgium
,
-55
-88
1
y
a net outflow of capital from the United Statea>
,
,
.
Treasury Bulletin
94
_ CAPITAL uDvmems
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 b7 foreigners or a net outflow of capital from the United States)
Calendar year
Country
1963
196-1
1965
1965
1966
through
May p
Europe;
-1,793
-i09
-3
-273
2,053
373
460
-4,291
11,196
-19
585
2,65i
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
^ain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
D.S.S.R
Other Eastern Europe
•
-6
782
Total Europe
33,345
-51,845
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.,
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America •
,
,
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
217
687
-70
81
19
1
1,284
20
-148
179
93 1/
1/
1,736
1,153 1/
5,302
,
233
,
17
,
104
-18
904
4,905
Total Asia
6,143
Africa;
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries;
Austral ia
All other,
.
,
.
.
Total other countries,,,
International and regional;
International
EuLTOpean regional
Latin American regional
Total international and regional
-19
2/
2/
49
166
2,,'
194 Z/
16,190
Ib.lQO
-.329
25
-609
13,574
-7
172,530
-338
235
9,507
Canada
Grand total
-23
-400
-251
23
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
1966
January
February
April p
May p
1966
July
95
CAPITAL MOVHliENTS
Section II
Table
6.
-
Summary by
Net Transactions
in
,
Countries
Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate ^et sales by foreigners or a net outflow of capital from the United States)
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
1
,
-9,006
-3,370
-3? 7
00^
5
3,075
,
,
-1 ,^12
-2b7
,
-''5,393
,
,
,
1
A59
9h 896
36?
,
-1 ,30.1
,
lMo,n37
Total Europe
,
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
P eru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
'-'t
.
-10,'-'bO
5.13:
3
1
,
007
.
-136
-777
-1.300
•
American Republics...
Bermuda
Antilles and Surinam
America, ,
Total Latin America
897
3^7
-1,055
1,160 2/
U
2,369
-1
,680 2/
8,639
Asia;
China Mainland
Hong Kong
India
,
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-lis
""
3,.
1U
.
-89
A72
6.1
'.
Total Asia
Africa;
Congo
( Leopoldville)
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
Total international and
regional
Grand total
^.
396
-3
69
6 282
,
10,915
3i
y
768
3y'
y
1
a6A
1^6
19^5
Cnl-^ndar y^ar
Country
19oo
through
May V
ember
January
February
April p
May p
Ireasury Bulletin
96
.
Section
Table
7.
-
CAPITAL MOVBffiNTS „
II
Net Transactions
(In thousands of dollars; negative figures
i
-
Summary
in
by Countries
Long-Term Foreign Bonds by Foreigners
July
97
1966
CAPITAL MOVEMENTS
Section
Table
(
8. -
II
-
Summary by Countries
Net Transactions
in
Foreign Stocks by Foreigners
negative figures indicate net sales by foreigners or a net outflow of caoital from the United States)
In thousands of dollars;
Calendar year
Country
1965
1964
1963
Exirope;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
%}ain
Sweden
Switzerland
Turkey
Unite.d Kingdom
Yugoslavia
Other Western Europe
n.s.s.R
other Eastern Europe
108
2,474
-251
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
5
9,562
25
64
-23,404
6,381
-202
4,604
-4,340
487
40
-1,918
405
,
-20,675
26,621
205
64,223
1,029
-103
-5,760
3,530
-12,538
-1,607
21,267
62
-10 316
-86
012
-1
123
3
V
85,641
130,041
103,669
519
875
75
8
492
187
-326
88
?/
113 _
2/
722
555 2/
203
American Republics..
Bermuda
Antilles and Surinam,
America.,,,.
Total Latin America
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and regional
89
381
1,972
-864
72
-697
656
-46
-4,030
-5,312
11,232
-210
-58
-512
54':'
,
5
281
3
7,
•:':il
17
1
2'
1,217
-19
12
124
3/
-153
-'':?.
Total Africa
Other countries:
Austral ia
All other
-3,820
-387
214
75
504
510
15
-1
Total Asia
Africa:
Congo (Leopoldville)
Grand total
-18
-5,381
94
Asia;
China Mainland
Hong Kong
India
,
-"^,01
-656
y
201 2/
1,0-73
l,0-'3
51,244
1966
1965
1966
through
May p
January
February
April p
May p
Treasury Bulletin
98
CAPITAL MOVaiENTS
Section
Table
9.
-
II
-
Summary by
Estimated Holdings of U.
S.
,
Countries
Government Bonds and Notes
(Poaition at end of period in millions of dollars)
1966
July
CAPITAL MOVEMENTS.
Section
Table
1.
Short-Term
-
III
-
Preliminary Details by Countries
to Foreigners as of
Banking Liabilities
May
31,19661/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugos lavia
Other Western Europe,
U.S.S.R
Other Eastern Europe.
207,661
379,251
322,987
86,102
1,067,512
l,478,66i
,
,
Latin 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
2,091,447
518,243
336,647
205,234
193,116
9,461
717,460
146,368
232,908
166,800
762,476
529,453
183,135
125,454
18,922
265,648
249,757
75,736
62,948
973
397,831
17,723
92,784
56,002
378,348
286,261
90,828
4,145,677
:
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
,
,....
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
:
Total Africa
Other countries
Australia
All other
:
.,[',
Total other countries
International and regional :
International 4/ .7
European regional
Latin American regional
.
Total international and regional 4/
y
10,511,937
2,358,532
:
Total Latin America
1/
2/
3U,083
11,878,204
3,2U
Asia
China Mainland
Grand total 4/
204,577
27,148
U3,510
Total Europe
Total
312,383
82,020
985,484
1,218,224
108,873
1,373,019
251,067
277,781
193,220
79,553
657,145
1,300,729
24,493
2,838,308
14,333
218,473
3,013
25,159
l,408,61i
271,878
310,929
281,450
132,188
670,699
1,575,257
27,7i2
3,137,319
16,047
330,032
Canada
To foreign banks and official institutions
U7
43,
5,591
Treasury Bulletin
100
CAPITAL MOVMENTS
Section
Table
2.
-
III
-
.
Preliminary Details by Countries
Short-Term Banking Claims on Foreigners as
of
May
31,
1966
1/
July
1966
101
CAPITAL MOVEMENTS
Section
Table
3.
III
Long-Term Banking
-
.
Preliminary Details by Countries
and Claims on Foreigners as of
Liabilities to
(Poaitlon in thousands of dollars)
May
31,
1966
Treasury Bulletin
102
CAPITAL MOVEMENTS
Table
4.
,
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners During
May
1966
V
July
1966
103
CAPITAL MOVMENTS
Section IV
Table
1.
-
Short-Term
Supplementary Data by Countries
-
Liabilities to Foreigners
(ro;sition
,
Reported by Nonbanking Concerns
in t;-iOUjnna; of JDila:---;
5it
1963
I9o5
Country
December
^J.
March
June
September
2j^
December 3/
March
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portuga
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.
S.
S.
1,63S
26,^9
2,799
1,295
33,i09
33,999
1,723
25,190
i5,S33
,'',687
786
6,532
8,647
2i,926
1,589
100,204
3,672
3,263
R
Other Eastern Europe
Total Europe
2,292
19,139
1,322
1,082
31,334
32,167
2,416
26,353
43,485
2,120
1,032
6,889
6,934
19,935
4,34.2
110,036
6,051
898
188
315
901
1
2,308
20,883
1,078
1,041
28,165
36,414
4,566
24,480
46,399
2,951
1
,070
9,007
7,187
19,034
4,684
101,662
981
2.651
82
61
325,144
318,910
315,709
Canada
72,236
67,588
61 ,938
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuala
Other Latin American Republics..
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
7,171
13,134
3,237
6,630
202
7,828
20,149
5,383
683
22,120
12,697
1,350
5,686
3,645
6,105
13,487
3,355
5,816
200
10,515
29,027
5,281
1,484
20,112
9,569
1,968
6,057
4,669
5,545
11,357
3,309
8,256
204
8,058
20,903
6,243
905
21,704
8,918
2,472
109,915
1,469
2,412
13,829
2,570
1,454
23,685
758
4,981
Total Latin America
2,629
20,207
986
872
26,788
34,452
4,506
22,362
46,052
2,132
,020
1
3,423
6,764
18,325
4,435
97,311
751
2,205
6n
337
300,672
2,633
22,066
1,032
680
30,718
44,390
3,977
27,118
30,592
2,044
1,585
12,452
7,044
35,951
5,456
108,452
637
3,510
39
733
1,666
19,827
l,o4o
25,225
1.749
1,871
677
585
30,749
63,115
3,702
25,607
32,841
1,348
1,584
10,229
8,271
33,188
6,372
104,477
35,364
69, U5
5,212
16,037
40,452
1,800
1,704
4,904
6,044
34,117
6,833
101,520
586
531
4,879
151
5,^^30
31
lr"'33
341,209
352,605
359,912
59,962
78,679
"6,631
3,900
10,965
3,598
6,669
137
8,105
26,034
4,708
660
19,722
10,508
2,461
9,289
4,100
3,285
10,919
4,559
9,567
262
7,193
27,533
6,738
675
15,746
15,122
1,484
5,975
6,153
2,752
10,890
3,646
11,618
6,395
10,075
2,961
7,480
163
6,778
20,552
5,298
796
20,789
7,990
2,451
7,181
6,123
6,128
24,808
6,670
911
18.653
12,645
1,558
5,036
1,273
117,645
111,520
103,721
110,856
115,211
106,779
1,768
2,377
14,036
3,179
1
769
2,352
14,080
5,388
1,053
26,714
1,533
1,810
13,273
5,083
898
24,596
1,403
1,899
21,091
4,460
1,352
28,261
524
4,796
2,627
7,251
191
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
582
5,462
809
712
21,218
505
4,463
6,212
1,739
18,051
23,412
669
4,826
722
805
21,909
1,297
1,835
15,528
2,946
1,078
31,169
389
764
695
19,475
601
578
20,557
20,991
1,377
1,922
21,647
5,505
1,570
21,516
288
6,083
2,103
606
24,146
71 ,671
76,044
80,139
73,150
81,979
87,982
86,763
543
4,420
369
U,433
426
263
21,907
1,458
9,586
723
Total Asia
Africa:
Congo (Leopoldville)
669
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa
Other countries;
Australia
All other
Total other countries
,046
367
10,484
5,506
8,114
304
8,954
4,053
6,255
10,478
2,070
5,710
10,(107
396
5,410
3,086
1,306
11,009
1,489
5,099
25,095
20,612
19,099
18,120
21 ,989
31,314
16,712
5,424
25,442
4,467
27,348
5,872
26,692
5,339
25,920
7,773
24,630
9,320
22,136
29,909
33,220
32,031
33,693
33,950
134
24
124
634
634
30
32
32
104
45
322
Total Africa
2,341
,
1
281
1
,
2,571
9,521
33
Xnternai-ional ana regional :
International
European regional
Latin American regional
,
Total international and regional.
Grand total
158
626,405 1/
204
666
630,912
622,291
666
585,057 2y
149
649,837
699,843
y
September
Decemt er
Treasury Bulletin
104
CAPITAL MOVMENTS
Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanking Concerns
Section IV
Table
2.
-
-
(Position at end of period In thousands of dollars.)
1966
Juhf
105
CAPITAL MOVEMENTS
Section IV
Table
3.
-
Short-Term
-
Supplementary Data by Countries
Liabilities to and Claims on
Details as of
Foreigners Reported by Nonbanking Concerns
31, 1965
December
(Position in thousands of dollars)
Liabilities
Country
Payable
Total
dollars
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Payable
in
foreign
currencies
Total 1/
:
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe,
Total Europe.
Canada
Latin America*
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
;
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America
Asia :
China Mainland
Mong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2, 3 IV
1,539
780
2^,330
630
607
50,970
70,791
3,284
17,879
20,116
4,214
593
37
55,
U8
1,628
3,458
20,563
10,
U9
39,361
4,248
138,870
1,370
3,494
UO
167
43,693
59,547
2,423
10,776
29,618
1,406
2,588
19,284
10,262
31,223
3,502
7,277
11,244
110, 593
784
2,888
861
7,103
25,530
222
870
1,279
187
8,138
746
28,277
586
606
6,351
38,545
9,261
6,128
81,745
112,124
13,357
77,383
40,998
7,580
5,005
50,126
19,840
26,557
7,536
311,874
2,250
8,374
1,066
2,030
50
50
2,029
2,008
21
451,478
353,333
3,145
827,830
93,932
47,264
46,668
684,861
,1?1
3,328
10,890
3,807
8,217
1,610
4,008
10,817
4,965
715
3,687
12,954
1,838
6,898
1,374
823
1,881
594
1,078
26
710
169
650
219
17,979
3,357
121
70
236
31,911
93,562
30,876
20,127
3,096
81,647
13,372
29,041
8,469
49,981
58,651
8,425
3,580
9,395
101,532
73,619
27,913
442,133
1,397
1,973
24,873
9,417
2,895
32,055
780
5,817
1,046
1,767
30,952
1,397
1,630
22,690
9,395
2,728
27,728
715
4,125
343
2,183
22
167
4,327
,771
401
295
147
718
986
615
934
,666
,311
,959
121
22
956
1,502
20,735
1,692
90
265
10,217
6,615
36,806
3,434
5,908
170,452
12,915
17,029
5,597
5,625
66,956
93,601
19,371
331,359
675
349
10,752
1,210
6,734
418
142
10,289
897
4,268
257
207
463
313
2,466
1,725
1,532
20,012
9,920
28,296
Total Africa..
19,720
16,014
3,706
61
Other countries:
Australia
All other
22,723
6.518
12,957
5,055
9,766
29,241
18,012
11,229
Total Asia.
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total other countries.
112,97
65
1,463
International and regional :
International
European regional
Latin American regional...
Total international and regional.
Grand total
Note:
108
808,983
l|-)8
601,951
This table presents the detailed breakdown of the latest data that
are shown in Tables 1 and 2 of this section.
Data are reported by
exporters. Importers, industrial and commercial firms, and other
nonbanking concerns in the United States.
Data exclude claims held
through United States banks, and intercompany accounts between firms
207,032
Treasury Bulletin
106
CAPITAL MOVEMENTS
Section IV
Table
4.
Long-Term
-
,
Supplementary Data by Countries
Reported by Nonbanking Concerns
Liabilities to Foreigners
July
107
1966
CAPITAL MOVMENTS
Table
5.
-
,
Section IV - Supplementary Data by Countries
Long-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position
at
ooA of perioo in thousinds of dollars)
lOrT
196i
Country
Jwne 2/
December 1/
Europe;
2-3
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
2,036
7,i31
1
21
,882
,113
2,363
8,241
10,267
^3,923
115,125
160,052
58,178
64,074
92,987
63,524
9,542
4,008
6,648
74,238
4,718
6,489
72,770
66,868
1"
04 097
,
61 ,4C?
8, ''41
9
2,162
297
i,677
171
10
505
1,051
961
10,030
6,633
6,748
78,489
4,498
9,929
1,348
7,799
14,705
8,193
1,049
914
234,575
295,544
289,973
60
i,129
4,392
17,086
90,314
39
4,224
9,494
17,929
89,423
37
5,065
10,112
18,091
54
103
155
48,167
4,983
12,941
43,476
5,199
1,106
12,512
47,418
5,414
1,025
11,923
183,266
183,505
193,194
2,934
6,648
6'J,361
5,114
6,734
Total Latin America
,866
167
,066
67P
.
1
10
183
1
American Republics
Bermuda
Antilles and Surinam.
America
1
205
15,513
Canada
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,841
23,543
2,514
13,668
6,912
29,704
1,072
624
2,111
336
3,5^5
411
13,615
7,345
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
2,001
23,486
2,120
8,798
9,888
12,054
300
2,157
443
5,365
86
13,372
6,775
68,339
1,212
760
17
Total Europe
2,002
7,147
2,004
7,242
1,525
6,632
11,206
8,563
1,057
1,568
6,830
U,586
8,34i
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa;
Congo
l,1i':'
93,954
( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
1
1
1
4
4
4
4,451
5,637
35,796
4,320
4,628
86,731
4,321
4,723
85
Total Africa
95,889
95.684
Other countries;
Austral ia
All other
14,628
95b
11.333
994
15,584
12,327
Total other countries
International and regional
Grand total
734,35: 1
September
December 3/
September
DecemV-er
^
Treasury Bulletin
108
CAPITAL MOVMENTS
Table
6.
,
Section IV - Supplementary Data by Countries
Foreign Credit and Debit Balances in Brokerage Accounts
July
1966
109
CAPITAL MOVMENTS
.
- Supplementary
Data by Countries
Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
Section IV
Table
7.
-
Short-Term
(Position at end of period in thousands of dollars)
December
Country
1961
"Other Western Europe "
Cyprus
657
Gibraltar
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 1/
Estonia
Hungary
Latvia
Lithuania
Poland 1/
Rumania 1/
Soviet Zone of Germany
"Other Latin American Republics "
Bolivia 1/
Costa Rica
Dominican Republic 1/
Ecuador
Guatemala 1/
,
,
,
,
,
,
,
,
,
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 1/
Trinidad and Tobago
"Other Latin America "
British Honduras
British West Indies
French West Indies and French Guiana.
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran 1/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia 2/
Nepal
Pakistan
Ryukyu Islands (including Okinawa).,.
Saudi Arabia
Singapore 2/
Syria
Trucial States
Viet Nam
"Other Africa"
Algeria
Canary Islands
Ethiopia (including Eritrea)
French Somaliland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mozambique
Nigeria
"Portuguese West Africa"
Scmali Republic
Southern Rhodesia Z^/
Sudan
Tunisia
Zambia /J
"Other countries "
New Caledonia
New Zealand
1962
s
:
Treasury Bulletin
uo
.
Table
8.
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1965
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Europe;
Austria
Belgium
Denmark
Finland
France
6«rmany
Greece, .
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S.
S.
15 ,078
121 ,160
22 733
990
298 ,603
225 586
2 ,571
99 ,696
296 ,^13
95 ,685
21 ,7U
36 ,i56
79 ,338
1,581 ,223
928
1,371 ,505
634
51 ,806
5
137
3,494
1,416
371
2
842
2,262
38,069
47
373
23,166
16,453
17
520,849
873
R
Other Eastern Europe.
Total Europe.
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Fan&ma
Feru
Uruguay
Venezuela
Other Latin American Republics..,
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
Total Latin America,
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
1 ,209
494
4,323,358
608,870
2,011,930
333,267
27,782
15,475
10,322
12,325
420
73,842
56,338
9,959
27,448
55,675
10,561
83,474
85,122
2,967
147
54
2
27
317
200
16
116
190
324
4,397
2,976
5
471,710
,771
36
10
70
126,698
11,428
10,014
171
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
22,783
39,803
115
2,324
2,440
12,498
105,995
10,938
Total Asia
324,291
25,287
Africa;
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
405
946
116
4,127
11
1
74
26
6,719
194
15,735
522
Total Africa
23,999
626
Other countries;
Australia
All other
31,132
8,819
Total other countries.
International and regional;
International
European regional
Latin American regional
Total international and regional.
Grand total
39,951
257,568
7,827
27,803
293,198
5',488,437
4
Corporate and
other
Bonds
Stocks
Fp re 1 ^i_3e cur i tie
Stocks
Domestic securities
Total
sales
U.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
Bonds
July
lU
1966
.CUMULATIVE TABLE OF CONTENTS.
August 1965 through July 1966
Issue and page number
1965
Aug.
Sept.
Oct.
Reporting bases
19o'j
Nov
Jan.
II
II
II
A-1
A-1
A-1
1
1
1
11
11
10
10
12
13
11
12
Feb.
Apr.
May
Article;
A-1
Treasury financing operations.
Summary of Federal fiscal operations
.
A-1
A-1
IV
IV
1
1
1
1
10
10
112
10
10
11
11
11
12
13
14
11
12
12
13
13
1^
13
15
13
14
15
15
14
15
16
16
17
13
16
14
15
16
17
16
A-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 botR net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1965.
:
Trust and other transactions ;
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund transactions excluded from both net trust receipts
_'.
and trust expenditures
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investment of specified trust accounts in public debt securities,
by issues (latest date March 31, 1966)
Consolidated cash transactions
Summary of Federal Government cash transactions with the public...
Intragovernmental and other noncash transactions
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted
10
IJ
11
11
11
12
13
10
11
13
14
12
U
15
13
10
11
13
14
15
lo
16
17
13
15
15
16
17
19
14
17
18
19
19
:
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 Treasxirer
of the United States
Gold assets and liabilities of the Treasury
21
22
17
18
15
16
20
21
17
18
16
17
23
19
20
17
18
22
23
19
20
18
19
21
19
24
21
20
24
18
19
18
19
24
25
20
21
20
20
26
26
22
22
21
27
23
22
22
23
28
28
29
24
24
16
23
20
24
21
25
22
22
Monetary statistics :
Money in circulation.
Debt outstanding
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interes t-bearing public debt
Maturity distribution and average length of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies......
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government
22
23
18
19
17
:
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 seciarities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries..,.,.
26
26
27
22
22
23
20
20
21
25
25
26
22
22
23
21
21
27
28
29
23
21
22
24
27
28
29
26
23
23
24
25
22
23
25
26
27
28
27
23
24
25
29
24.
30
31
25
26
27
30
26
24
29
26
25
30
28
26
32
28
31
27
25
30
27
26
31
29
27
33
29
32
3i
36
28
30
32
26
28
28
34
36
30
32
34
28
30
32
34
36
30
30
32
27
29
31
32
30
31
33
35
38
34
39
AA
35
40
33
38
38
43
35
40
34
39
39
44
38
43
36
41
42
47
38
43
47
43
41
46
43
42
47
46
U
50
46
50
46
AA
49
46
45
50
49
47
53
49
57
53
51
56
53
52
57
57
55
61
57
62
58
56
61
58
57
62
63
61
67
63
(Continued on following page)
22
26
26
27
24
24
25
25
32
)
.
.
Treasury Bulletin
112
.CUMULATIVE TABLE OF CORTENTS.
August 1965 through July 1966
-
(Continued)
Issue and page number
1966
1965
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
Sept
Oct.
Nov.
Dec
Apr.
Kay
June
:
Ovmershlp 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 ownership of Federal securities:
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1965)
Market quotations:
End-of-month closing quotations on Treasury securities by issues
Chart - Yields of Treasury securities
.
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
Monetary statistics;
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Exchange Stabiliaation Fund (latest date March 31. 1966)
Balance sheet
U. S. stabilization agreements
Income and expense
6i
64
65
67
68
61
61
62
64
60
60
61
63
69
65
64
69
65
64
65
71
72
66
73
64
61
61
59
59
62
64
60
62
65
67
68
63
70
70
71
o6
63
64
72
67
65
65
64
7o
71
87
77
77
78
75
77
71
73
70
72
78
79
7i
75
86
86
66
66
64
64
67
69
65
67
70
70
71
73
74
66
66
67
69
68
75
70
71
75
76
70
69
72
70
76
78
74
76
81
83
76
78
78
84
85
79
SO
71
77
80
82
83
65
65
66
68
69
70
74
75
75
76
80
81
81
82
76
77
77
78
75
76
76
81
83
77
84
85
79
86
87
87
23
21
27
23
22
20
26
22
81
86
77
:
77
78
National bank reports:
Earnings, expenses, and dividends for cale dar years 1961-65-
International financial statistics:
U.S. gold stock, and holdings of convertible foreign currencies
by 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 19^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-terra banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities reported by nonbanklng concerns
Short-term claims reported by nonbanking concerns
Long-term liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported
Purchases and sales of long-term securities by foreigners during
calendar year 196^
.
Foreign currencies acquired by the United States without purchase
with dollars:
Transactions and balances in Treasury accounts
Transactions and balances in agency accounts
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date March 31, 1966)....
expense (latest date December 31, 1965)
application of funds (latest date December 31, 1965)...
79
79
79
79
80
83
84
90
81
85
91
82
86
96
84
87
84
87
105
106
96
97
96
97
107
91
100
101
79
80
99
100
IJl
99
100
101
112
113
103
104
103
104
80
81
81
82
81
82
86
90
87
82
83
91
83
83
88
84
84
84
83
84
87
86
89
94
99
103
104
87
90
99
100
108
100
100
105
101
106
107
108
110
111
112
113
102
103
114
110
97
97
98
94
97
106
107
99
85
88
85
98
99
96
102
108
109
110
lU
89
86
89
98
103
104
105
107
110
113
114
99
100
101
103
106
109
110
100
101
102
104
107
110
111
109
110
111
113
101
102
103
105
lU
115
116
106
107
108
101
102
103
105
106
107
108
115
111
112
117
109
109
117
117
91
104
106
107
108
109
110
110
119
119
113
135
112
113
116
137
July
4
Treas.
HJ
10
.A2
1966
C.2
i
U.S. Treasury Dept.
Treasury Bulletin
@FedFRASER