Full text of Treasury Bulletin : June 1950
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L BRA
I
F
LIBRARY
ROOM 5030
JUN
9.
1
1972
TREASURY DEPARTMENT
mEASHMV,
'
BdJUJLIETniN
JUNE-I35D
UNITED STATES TREASURY DEPARTMENT
OFFICE OF
THE SECRETHRV
June 1950
Table of Contents
Page
Treasury financing operations
A-l
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust accounts, etc
g
Treasury cash Income and outgo
12
General Fund of the Treasury
15
Debt outstanding
lg
Statutory debt limitation
20
Debt operations
21
United States savings bonds
26
Treasury savings notes
30
Ownership of Federal securities
31
Treasury survey of ownership of Federal securities
33
Market quotations
37
Yields of Treasury and corporate bonds
ko
Internal revenue collections
k2
Monetary statistics
I|£
Capital movements
50
Cumulative table of contents
63
Note:
In those tables where figures have been rounded to a
specified unit, all calculations (Including percentages) have been made from unrounded figures.
Consequently the details may not add to the totals shown.
.
Juno 1950
A-l
Treasury Financing Operations
June Certificate Maturity
On May
4,
1950,
March
the 3ecretary of the Treasury
31
are the latest published for the holdings
of commercial banks.
announced that new Issues of 13-month 1-1/4 percent
Treasury notes dated June
1
and July
1
Subscriptions to the new notes amounted to $4,817
would be
offered In exchange for the one-year 1-1/4- percent
million, leaving $201 million to be paid In oaeh.
certificates of Indebtedness maturing on those dates.
The June maturity amounted to $5,019 million and the
July maturity to $5,601 million.
Call of Two Issues of Treasury Bonds
On May 12,
the Secretary of the Treasury an-
nounced that the bonds of two outstanding Issues which
Subsequently, subscription books were opened on
May 22 for a new Issue of 13-month 1-1/14- percent
Treasury notes, Series D-195L Exchanges were made,
par for par, for the one-year 1-1/4 percent certifi-
may be redeemed at the option of the United States on
September 15, 1950. are called for redemption on that
These issues are the 2-1/2 percent Treasury
date.
bonds of 1950-52, dated September 15, I93S,
due
September 15, 195^, and the 2 percent Treasury bonds
cates of Indebtedness, Series E-I95O, maturing
June 1.
Cash subscriptions were not received.
Subscription books were closed at the close of
of 1950-52, dated April 15, 1943, due September 15,
1952. The announcements stated that holders of these
business on May 25.
bonds,
In advance of their redemption date, may be
offered the privilege of exchanging all or any part
and bear
of their called bonds for other interest-bearing
Interest from that date at the rate of 1-1/4 percent
obligations of the United States, in which event
public notice will hereafter be given.
The new notes are dated June
1,
1950,
per annum, payable with the principal at maturity on
July
only,
1,
1951-
The notes were issued In bearer form
in denominations of $1,000,
$100,000,
and $1,000,000.
$5,000,
$10,000,
Treasury Bills Refunded and Increased
Treasury bills matured In May In the amount of
The Issue Is not subject
to redemption before maturity.
$4.0 billion, and new offerings totaled $4.4 bil-
Each of the four maturing Issues amounted
approximately to $1,000 million and each of the
The average
four new Issues to $1,100 million.
lion.
Reports to the Treasury on the ownership of
Government securities indicate that on March J\
195°> about 57 percent of the maturing certificates
were
owned
by reporting oommerclal banks and
Federal Reserve Banks.
Note:
The ownership figures for
Details of Treasury market financing operations are
shown in the tables on "Offerings"and"Disposition",
respectively, of marketable issues of bonds, notes,
rates of discount on the May offerings were 1.166
percent on May 4 and 11, I.I65 percent on May IS,
and I.I67 percent on May 25.
and certificates of indebtedness, and in the table "Offerings of Treasury Bills", in this Issue of the "Treasury
Bulletin"
Jane
W50
SUMMARY OF FEDERAL FISCAL OPERATIONS
.. .
.
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In mill Ions of dollars)
Deductions
Internal revenue l/
Income and profits taxes
Fiscal year
or month
Withheld
by
employers
Employment
taxes
Other
Miscellaneous
Internal
revenue
Total
Internal
revenue
Other
receipts
Cross
receipts
y
2/
2/
19*2.
19k3.
19kk.
19k5.
19k6.
19k?.
i9k8.
19k9.
1950 (Estimated).
1951 (Eatlmated).
^T
let
receipt*
Refunds
of
receipts
1/
1/
«/
8,393
10,289
9,392
7,960
16,09k
26,262
2k, 88k
21,k93
7,960
16,09k
3k, 655
35,173
30,885
1,186
l,k98
1,739
1,780
1,701
3,8k7
k,553
5,291
6,9k9
7,725
12,993
22, lkk
kl,685
k3,902
k0,310
389
32k
k31
355
k35
295
93k
3,325
3,k9k
3,k92
13,677
23,k02
k5,kkl
k7,750
kk,238
896
1,130
1,292
1,310
1,238
257
1,679
2,973
12,696
22,202
k3,892
kk,762
k0,027
10,013
ll,k36
9.8U2
19,292
19,735
19,6kl
29,306
31,171
29,k82
2,02k
2,381
2,k77
8,Ok9
8,301
8,3k8
39,379
kl,853
kO,307
k9k
k22
38k
k,635
3,82k
2,082
kk,508
k6,099
k2,77k
l,k59
1,616
1,690
3,006
2,272
2,838
k0,0k3
k2,211
38,2k6
9,839
10,075
19119-Julj
Auguat. . ..
September
October.
November
December
Appropriations
to Federal
Old-Age and
Survivors
Insurance
Trust Fund
.
.
.
1950- January . .
February.
March
April.
Fiscal year 1950
to date
55k
1,161
19,307
18,689
29,lk6
28,76k
8,328
8,33k
3,038
k,783
k0,512
kl,88l
375
375
k2,l85
k3,k22
1,298
1,166
2,2k5
3,715
85
70
2,177
2,151
37,763
37,306 8/
2,061
2,917
k,885
58
381
7
57
57
k5
l,9k6
2,k79
k,832
62
337
lk7
1,993
2,727
k,255
k9
k6
59
1,881
2,3kk
k,191
3,k80
3,607
5,622
k7
398
229
67
238
k3
186
88
88
573
3,366
2,972
k,820
1,989
3k
69
2,092
86
518
l,k88
32,lkO
3kk
1,156
33,6kO
1,610
1,710
30,321
655
k07
3,237
1,209
1,568
3,893
65
kok
lkk
653
7k9
71k
1,927
2,720
k,751
25
32
110
165
657
33
lfll
56k
1,13k
695
k96
355
2,520
1,060
l,k89
3,21k
65
356
139
753
722
35
37
35
79
12k
720
1,879
2,566
k,07k
588
1,310
77k
1,957
1,032
3,655
2,5k5
2,3k2
k,k29
67
5kk
362
6k5
599
701
3,257
3,k8k
5,k92
37
35
k79
788
1,267
93
629
7,91k
15,101
23,015
2,239
6,885
5
shown here are based on the Dally Treasury Statement and therefore
differ eamevhat from those In the Budget.
Footnotes at end of Table 5.
Source: Actual figures from Dally Treasury Statement; estimates based on
the 1951 Budget document, including effect of proposed changes In employment taxes and miscellaneous receipts. Receipt classifications
Table 2.- Expenditures by Major Classifications
(In millions of dollars)
Fiscal year
or month
Total
57 5710/
National
defense
International
finance
and aid 10/
Interest
on the
public
deht 11/
1,260
1,808
2,609
3,617
k,722
6
602
730
2, 060
k,253
g
k,105
1,91k
2,256
2,525
2,133
6,011
k,958
5,211
5,339
7,259
6,k69
6,878
5,332
6,k67
9,670
5,k53 r
k,37k r
5,725
5,625
6,766
5,9&9
11,918 r
12,613 r
322
125
5kk
522
859
19k2.
19k3.
19kk.
19k5.
19k6.
3k,l87
79,622
95,315
98,703
60,703
28,266
75,297
89,720
90,501
k8,870
19k7.
19k8.
19k9.
39,289
33,791
kO,057
16,812
11,500
12,158
k,928
1950 (Estimated).
1951 (Estimated).
k3,297
k2,k39
13,k3k
13,837
3,k3k
3,585
3,995
l,0k0
1,173
1,032
k78
k21
k55
October...
November .
December.
3,111
3,127
3,722
1,006
1,063
1,100
39k r
353
3k7
1950- January...
February.
1,05k
9kk
1,061
29k r
325 r
375 r
k63
March
3,323
2,k96
3,269
April.....
2,8k7
977
32,909
10,k50
19k9-July
August. . .
September
Fiscal year 1950 to date.
Source: Actual figures from Dally Treasury Statement; estimates baaed on the
1951 Budget document. Including effect of proposed legislation. Expenditure classifications shown here are based on the Dally Treasury Statement
Veterans*
Administration
12/
727
1.H3
k9lt
1,100
l,3k3
1,106
512
5k7
k89
9k3 r
858 r
161
636
516
502
588
996 r
56k r
609 r
3kk
18k
509
833
3,787
k,003
5,538
255
306
1,008
778 r
9,130
and therefore differ somewhat from those In the Budget.
Footnotes at end of Table 5.
.
.
.
.
.
June 1950
BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expendituree for National Defense and Related Activities
(In miUlona of dollars)
Department
of the
Air Force
Fiscal year
or Booth
19">5.
28,266
75,297
89,720
90,501
191*6.
1*8,870
191*7.
16,812
11,500
12,158
1,690
13, U3U
3,7**5
191*2.
19**3.
19 *
1
1
*.
19k8.
19"*9.
1950 (Estimated).
1951 (Estimated).
Department
of the
Army
Department
it/
15/
Navy
lit, 070
United
States
Maritime
Commission
16/
U9,2U2
50,337
27,800
Surplus
property
disposal
30,01*7
lilt
15,l6l
691*
66>t
106
271
277
136
1,501
268
25
325
6,911
I..998
6,01*6
1,171
5,1*17
I*,
It
1,986
270
10
12
!*,307
It,
391*
1*,175
It,
160
Reconstruction
Finance
Corporation
12/
929
2,776
3,812
3,227
8,580
20,888
26,538
1*2,265
13,837
Payments
under Armed
Forces
Leave Act
of the
Strategic
and
Other
critical
materials
20/
21/
2,1*32
2,255
3,189
2,682
6,180
7.U.7
6,305
*, 117
1*72
328
138
98
162
222
11
3
11
98
299
55k
580
650
232
211
1*5
71
356
515
332
1*00
52
38
35l>
6
8
8
6
1,173
1,032
155
205
279
1*63
August. . .
September.
kit
15
October. .
November .
December..
1,006
1,063
1,100
329
29k
351
230
329
318
378
376
367
It
1*5
7
37
6
30
SO
20
29
1950- January...
February.
l,05li
191*9- July
1,01*0
5
305
297
293
3**
15
8
10
22
32
2*t
1*10
357
296
286
8
9Ut
l,06l
335
298
March
April
977
311
300
306
13
31
15
2,819
3,529
3A76
78
365
177
Fiscal year 1950
to date
10,1*50
29
Source:
(Same as Table 2).
Footnotes at end of Table 5.
Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)
Fiscal year
or month
Bret ton
Woods
Agreements
Total
10/
Act
191*6.
727
928
159
ExportImport
Bank
22/
568
938
Credit
to
United
Kingdom
GreekTurkish
assistance
19*7.
1*,
19W.
W19.
1*,1U3
1*65
6,011
-60
161
279
71
195
1950 (Estimated).
1951 (Estimated).
5,"»53
l*,37l*
1,1*26
r
r
1*8
78
-23
August. ...
September.
1*21
5
1*55
6
October..
November
December
39"»
1950- January..
February.
29lt
19l*9-July
2,050
1,700
Relief
In war
devastated
Government and
relief
countries
cupied
areas 23/
272
10
In oc-
51k
881
1,329
992 r
279
33
6
16
113
85
6
5
7
18
100
-2
68
r
-20
-12
19
10
March
325 r
375 r
3
7
April
31*1*
Fiscal year 1950
to date
It
r
353
31.7
3,787
6
13
92
111.
Economic
Cooperation Act
Foreign
Aid
Act of
10/
19"t7
13*
1.98
*»,<*3
75
3,895
3,250
2
1
351*
319
31U
52
260
280
276
38
3« r
37 r
IS
58
263
697
2,907
267
China
Aid
Act of
19U8
296
•
Mutual
defense
assistance
Other
...
.
.
»
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 5.- "Other" Expenditures
(In millions of dollars)
Aid to
agrioulture
Fiscal year
or month
1.91A
2,256
2,525
2,133
1*5
19W
w
22/
k,W5
I9U2
19U3
19M*
Social
security
program
Public
works
18/ £2/
Housing
Direct
and haute
finance
and work
28/
-201
1,385
585
696
969
-203
656
732
798
807
673
535
U25
313
»5
359
-360
-307
-2U6
-35"t
relief
W
Atomic
Energy
Commission
Miscellaneous
32/
622
118
679
7U2
1,378
970
299
17
19"t7
5,332
19"t8
6,1*67
1,226
782
19k9
9,670
2,661
1,066
1,619
1,696
690
1,126
1,520
129
-68
-56
159
U56
6U7
2,062
2,553
3,201
2,838
2,U00
1,971
2,250
1,813
2,013
-kg
116
673
817
k.frn r
5,017 r
1,100
61.
5I17
157
62
1U0
153
168
-12
-11
-k
50
36
Ul
311
681
1,106
327
U95
2U2
212
311
228
111
m
-28
V.
168
130
-13
-26
38
8U
U6
313 r
3"»3 r
233 r
311*
125
86
108
-37
-15
-29
to
ks
38
368 r
225 r
288 r
1950 (Estimated)
1951 (Estimated)
19>t9-JulJ
August., . ...
September. .
October
November
December.
11,918 r
12,613 r
9*3 r
. .
858 r
778 r
12ll
March
996 r
56U r
609 r
127
186
102
75
April
833
217
181
10k
-28
*5
315
9,130
2, ^33
1,732
1,327
-203
k20
3,ll21
1950- January
February.
,
.
Fiscal year 1950 to date.
Source:
(Same as Table 2).
For further detail, see tables under Internal Revenue Collections
Receipts of Victory taxes withheld pursuant to the Revenue Act of 19^2
are classified as "Other" Income and profits taxes.
1/ Consists of receipts for old-age insurance, unemployment Insurance,
railroad retirement, and health insurance In the 1951 estimate; for
details see Tables 7 and 8 In this section. Excludes railroad unemployment insurance contributions, which are Included In "Other receipts".
Includes proceeds from sale of surplus property end from Governmentowned securities; also deposits resulting from renegotiation of war
contracts (see "Treasury Bulletin" for February 19*»8, page 5).
2/ Both budget receipts and budget expenditures exclude payments to the
Treasury, principally by wholly owned Government corporations, for
retirement of capital stock and for disposition of earnings (see
"Treasury Bulletin" for February 19^9, page A-2).
See Table 7 in this section.
Excludes Interest on refunds.
AIIowb for deduction of appropriation of $250 million for Health
Insurance Trust Fund, under proposed legislation.
2/ In addition to the exclusion of certain payments to ths Treasury as
indicated in footnote 5, total expenditures shown here exclude refunds
of receipts (see Table 1 in this section). Interest on refunds Is
shown under "Other" expenditures. Budget expenditures also exclude
amounts for public debt retirement which are chargeable to the sinking
fund, etc., under special provisions of law, and include transfers to
trust accounts and net expenditures of wholly owned Government corporations, etc., except paymente to the Treasury mentioned above.
10/ To make the figures for the fiscal years 19^8 and 19^9 comparable with
those for other years shown In this tabls, all transactions relating to
the Foreign Economic Cooperation Trust Fund (established under Section
UU (b) of tho Economic Cooperation Act of 19*»8) have been consolidated
with Budget expenditures, beginning with the March 1950 issue of the
"Treasury Bulletin"
Beginning November 1, 19^9, Interest on the public debt Is reported as
an expenditure when such interest becomes due and payable, as distinguished from the previous practice of showing it as an expenditure at
the time interest was paid by the Treasurer of the United States.
In
order to take care of the transition In the basis of reporting, the
expenditures for interest in the fiscal year 1950 repreesnt not only the
Interest which becomes due and payable during that year but also the interest for prior years which had not been presented as of June 30, 19^9
for payment by the Treasurer of the United States, amounting to
$225 million.
±2/ Includes public works undertaken by the Veterans* Administration.
See footnote lh/ .
Includes expenditures on behalf of the Department of the Air Force which
are made out of appropriations to the Department of the Army, but excludes
expenditures as follows:
those shown separately in Table 3; international
finance and aid, shown in Table h; river and harbor work and flood control,
Included In Table 5 undsr "Public works"; *rm Panama Canal. War expenditures of the Panama Canal, all prior to July 1, 19^*1, are Included in
Table 3 under "Other"; other expenditures of the Panama Canal are Included
In Table 5 under "Miscellaneous"
12/ Excludes expenditures shown separately In Table 3, and those for International finance and aid, shown In Table 1*.
16/ Excludes expenditures shown separately In Table 3*
11/ Beginning March 19^8, Includes reimbursement for expenditures by the Departments of the Army and the Navy for care and handling of surplus
property overseas.
Effective January 1, 1950, certain administrative functions of the
18/
General Services Administration were consolidated pursuant
.
y
w
31*5
23/
to Section 106 of Public Law 152, approved June 30, 19**9, and
appropriated funds relating to such functions were transferred to
and combined In one operating account. Accordingly, expenditures
by this agency for surplus property disposal and for public buildings other than construction are not reported separately after that
date, and are not Included in the totals for these purposes shown
Figures for the preceding months of the fiscal
In Tables 3 and 5.
year 1950 have been revised to a comparable basis.
After July 1, 19^7, expenditures for national defense and related
activities were not segregated from the other expenditures of the
Corporation and its affiliates, which are included In Table 5
under "Miscellaneous".
Prior to July 1, 19W>, expenditures for this purpose were not
shown separately from "Other" Treasury Department expenditures,
Included In Table 5 under "Miscellaneous".
21/ For content before July 19W see "Treasury Bulletin" for
September 19^8, page U, and February 19^8, page 7, except that
beginning with the fiscal year 19*t7 figures have been revised to
include expenditures of tho National Advisory Committee for
Aeronautics. Beginning July 19**8, consists of expenditures of
that Committee, the Selective Service System, and the Office of
the Secretary of Defense. The latter includes retired pay for the
military services beginning September 19^9.
Excludes
expenditures made through the Bank under Economic
22/
Cooperation Act of 19^8.
Beginning June 19^9, includes expendituree for agricultural com237
modities and raw materials for occupied areas.
2jt/
Consists principally of expenditures by the Department of State for
the International Children's Emergency Fund and for the loan for
construction and furnishing of United Nations Headquarters; and
Korean aid.
Department of Agriculture expenditures except those Included in
25/
Tables 3 and h and thoes for forest roads and trails, Included In
Table 5 under "Public works".
For more detail of these expenditures, see Tables 7, 8, and 9.
26/
Consists of expenditures for the following: public roads, except
27/
assistance to Greece and Turkey; public buildings, consisting of
construction only, beginning with July 19**9 (see footnote 18); and
Bureau of Community Facilities (these three categories of expenditures having been under the Federal Works Agency until It was
abolished by Public Law 162, approved June 30, 19 *9); Bureau of
Reclamation; Tennessee Valley Authority; river and harbor work and
flood control under the Dsper'taient of the Army; and forest roads
and trails under the Department of Agriculture. Prior to July
19 *9, Included all other Federal Works Agency expenditures except
those Included In Table 3.
28/ Excludes expenditures included In Table 3.
Not
classified separately for fiscal years after 19^5. For addi22/
tional information, see "Treasury Bulletin" for August 19^5, page 6.
32/ Includes expendituree for executive departanente not included elsewhere (Including Interest on refunds of receipts) and for legislative «nd Judicial functions; Government contributions to Government
employees' retirement; aide to education, labor, finance, commerce,
Industry, and civil aeronautics; Panama Canal, except war expenditures; Poet Office deficiency; and for 1950 and 1951 estimates,
reserves for contlngsncies.
Lees than $500,000.
Revised to include Korean aid in Table h under "Other". Expenditures for this purpose were not shown separately In the Dally
Treasury Statement prior to April 1950 issues.
20/
1
1
.
June 1950
BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Summary by Months and Calendar Years
(In million!) of dollars)
Cale n dar year
Feb.
Apr.
May
July
Aug.
Sept.
672
671
Not.
Net budget receipts \J
686
340
393
386
556
552
599
1,270
2,469
267
260
325
407
739
444
365
440
390
581
1,508
3,047
2,786
2,159
1,962
1,472
2,895
2,900
2,243
2,297
4,567
6,182
5,702
3,963
4,929
2,001
2,078
2,435
2,182
2,281
2,714
2,432
2,656
2,246
2,438
2,239
1,340
1,488
2,324
1,945
4,859
4,767
2,096
1,946
1938.
1939
1940
19*1.
1942,
267
309
334
571
363
411
751
791
1,557
3,538
783
5,202
6,532
6,661
5,501
5,342
5,874
5,435
4,820
"•39
1943,
1944,
1945,
1946,
1947,
2,740
3,459
3,770
3,725
9U9
2,494
3,613
3,584
4,196
1948,
1949,
1950,
4,196
3,579
3,366
4,158
3,381
2,972
208
296
383
668
2,5U
295
272
327
437
599
345
357
356
558
594
513
734
1,205
2,695
4,851
5,712
8,467
16,290
5,441
5,803
4,875
4,386
4,612
2,024
1,900
2,453
2,440
2,339
2,093
2,105
2,322
2,288
2,692
5,730
5,324
4,067
4,050
4,197
34,483
43,531
43,928
38,810
41,010
2,505
2,479
4,543
4,832
2,101
1,881
2,540
2,344
4,014
4,191
41,450
38,122
703
703
1,128
Budget expenditures 2/
653
677
1,133
2,680
585
624
1,076
2,652
785
798
1,482
3,515
665
710
1,404
3,939
694
605
1,352
4,400
884
884
1,591
4,810
666
956
843
1,631
5,257
1,020
801
1,668
5,456
751
692
738
1,989
5,921
777
752
891
2,328
6,184
967
631
888
1,890
6,012
835
835
1,187
2,684
6,926
9,151
9,645
20,229
57,751
1945,
1946.
1947.
6,728
7,737
8,142
4,811
3,019
6,358
8,012
7,127
3,340
3,731
7,746
10,412
9,034
3,598
3,239
7,300
7,337
7,758
3,750
3,407
7,475
6,879
8,927
3,374
3,284
8,260
8,631
9,540
4,836
4,996
7,499
8,014
8,561
3,287
3,553
7,831
8,208
6,949
2,745
2,962
7,667
7,779
6,372
2,663
2,673
7,619
8,034
5,619
2,860
2,394
7,947
7,811
4,530
2,453
2,143
7,744
8,327
4,962
3,605
3,176
90,174
97,181
87,522
41,322
38,576
1948,
1949.
1950.
2,800
3,205
3,323
2,224
2,972
2,496
3,086
3,651
3,269
2,541
3,151
2,847
2,222
3,104
4,018
4,656
3,741
3,434
2,335
3,585
3,066
3,995
2,911
3,111
3,163
3,127
4,102
3,722
36,209
41,714
-399
-696
-519
-1,224
-4,518
-259
-655
-361
-1,278
-4,875
-80
-21
-34
-861
-3,410
-483
-480
-564
-1,891
-5,585
-622
-273
-532
-1,332
-5,417
-166
-321
-452
-1,479
-4,231
-4,300
-3,934
-11,762
-41,461
-5,&54
-5,706
-2,208
-165
549
-2,014
-3,004
-895
445
1,022
-55,691
-53,650
-43,594
-2,512
2,434
-623
-783
-88
469
5,241
-3,592
1938,
1939.
1940,
1941,
1942,
19113.
19UI1,
Budget surplus, or deficit (-)
1938.
1939.
1940,
1941.
1942,
2,109
19*3.
1944,
5,946
4,997
19l>5.
-222
-184
-665
-1,901
-103
-7
75
19U6.
1947.
4,683
1,042
706
1948.
1949.
1950.
1,396
374
44
-385
-368
-799
23
-457
-414
-1,022
-3,253
-3,844
-332
-285
-321
-2,341
-5,409
-5,518
-3,514
243
464
-2,543
-3,880
-2,373
1,902
2,102
-5,792
-4,291
-4,972
-1,591
-1,445
-6,002
-3,984
-6,028
-1,131
-987
-3,693
-2,449
-3,838
-873
-67
-5,498
-5,937
-6,126
-1,105
-1,272
-5,117
-5,776
-4,293
-499
-524
-2,227
-1,976
-1,497
1,723
1,940
-5,595
-6,134
-3,165
-420
-55
1,934
409
476
2,788
-302
-1,811
-1,358
103
-1,159
841
111
-1,645
-1,488
169
-1,106
1,477
837
-810
-1,230
1,783
1,551
-354
3_/
-213
-966
Source: Dally Treasury Statement.
1/ Gross receipts lees deductions for appropriations to Federal Old-Age and
Survivors Insurance Trust Fund and for refunds of receipts.
Excludes refunds of receipts, which are ehovn as a deduction from receipts
£_/
(see footnote 1), oertaln payments to the Treasury, principally by wholly
owned Government corporations, and amounts for public debt retirement
which are chargeable to the sinking fund, etc., under special provisions
of law; Includes transfers to trust acoounts, and net expenditures of
\J
wholly owned Government corporations, etc., except payments to
In order to make the figures for
the Treasury mentioned above.
the fiscal years 1948 and 1949 comparable with those for other
years shown In this table, all transactions relating to the
Foreign Economic Cooperation Trust Fund (established under
Section 114 (b) of the Economic Cooperation Aot of 1948) have
been consolidated with Budget expenditures, beginning with the
March 1950 Issue of the "Treasury Bulletin".
Ret receipts lees expenditures
Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Social Security Act - Budget Receipts and Expenditure*
(In millions of dollars)
Fiscal year
or nonth
. ..
June
8
.
.
mo
BUDGET RECEIPTS AND EXPENDITURES
Table 8.- Railroad Retirement Act
-
Budget Receipts and Expenditures
(In ml 11 Ions of dollars)
Receipts
Flecal year
or nonth
Excess of net
receipts, or
expenditures (-)
1/
Expenditures
Deduction:
Refunds of taxes
on carriers and
their employees
Taxes on
carriers
and their
employees
Ret
receipts
Total
Transfers to
Railroad Retirement Account
(trust aoootmt)
7.6
5.4
2.5
2.3
2.6
140.9
21*.
262.7
308.8
291.9
4.3
5.0
298.5
758.5
574.5
y
s/
19*2
1943
1944
1945
1946
tratlv.
expense.
21.6
-11.4
1.8
-26.3
-12.8
170.0
208.8
267.I
285.0
282.6
170.0
208.8
267.0
284.8
281.7
220.2
265.2
311.1
294.5
77.3
-206.5
-15.5
380.1
557.1
563.8
380.O
557.0
563.4
302.8
763.5
578.9
1949- July
August. . ..
September,
-383.9
-13.5
136.0
2.7
9.7
136.0
2.6
9.7
136.0
386.5
23.1
386.0
23.0
October.
Rorember.,
Dec ember.
-76.3
.7
.7
77.0
77.0
5.0
132.8
5.1
132.8
5.0
132.8
.1
1950-January...
February.
March
-36.5
4.4
123.1
.9
.9
37. 4
37.3
4.9
123.1
4.9
123.1
.5
.5
April
-56.1
3.2
2.9
59.1
59-0
1947
1948
1949
,
,
,
,
Source: Dally Treasury Statement.
l/ Excess of expenditures Is corered by appropriations by Congress.
2/ Tax refunds deducted from receipts exclude interest on refunds, which Is
Included under "Administrative expenses".
2/
•
148.>i
M
Consists of expenditures from appro priations aade specifically for
Administrative expenses relating to the Railroad Retirement Act.
and Interest on refunds of taxes (see footnote 2).
Lees than $50,000.
Table 9.- Railroad Unemployment Insurance Act ^- Budget Receipts and Expenditures
(In alUlons of dollars)
Expenditures
Receipts
Fiscal year
or month
Excess of
receipts, or
expenditures
2/
19*2
19*3
19Wi
(-
Administrative expenses (Railroad
Unemployment
Insurance Administration Fund)
4/
Railroad
unemployment
Insurance
contributions 3V
2.1
2.1
-2.7
8.5
10.3
12.1
13.2
12.9
6.4
8.2
14.9
12.6
13.1
2.5
2.2
3.2
3.7
3.5
3.9
6.0
11.7
8.9
9.6
13.7
15.1
14.8
4.5
5.5
5.9
9.2
9.7
9.0
4.2
.2
.8
.5
3.9
.8
.5
191*5
.6
1946
-.2
19»7
19*8
1949
-.6
-5.1
19*9- July
August....
September.
-4.2
-.7
1.9
October...
Rot ember..
December.
-.4
.U
.4
.8
.8
.6
1950- January . .
February.
March
-.8
1.3
»
-1.0
1.7
April
-.4
.5
Source! Dally Treasury Statement.
l/ Oparated as Railroad Unemployment Insurance Administration Fund.
2/ Excess of expenditures Is corered by a ppro pri ations by Congress
2/ Represents 10% of contributions under the Railroad Unemployment
Insurance Act; the remaining 90% is deposited in the Railroad
Unemployment Insurance Account, Unemployment Trust Fund. (Sse
"Trust Accounts, etc.", Table 7).
111
.2
14.5
9.7
2.4
1.9
.6
.4
.4
.U
.1
1.1
1.1
2.1
.4
.4
4/
5V
•
Transfers to Railroad
unemployment Insurance
Account, Unemployment
Trust Fund 57
Consists of expenditures from appropriations made specifically for
administrative expenses relating to the Railroad unemployment
Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Aot of Oct. 10, 1940).
Less than $50,000.
...
Treasury Bulletin
TRUST ACCOUNTS, ETC.,
Table 1.- Summary of Receipts and Expenditures of All Trust Accounts, Etc.
(In millions of dollars)
Fiscal year
or month
Net receipts,
or expenditures
Expenditures 1/
Receipts
1/
Other
Total
1,925
3,004
4,129
5,200
3,668
2,905
1,287
3,178
1,094
4,568
4,830
4,292
7,307
6,294
8,236
5, Tlli
3,362
3,060
2,311
3,985
3,750
3,898
7,3 '7
6,810
6,209
-354
-218
6,709
8,199
287
2,311
6,776
6,106
7,063
8,417
30
588
1,032
550
223
311
576
335
376
378
559
687
954
10
299
-272
285
659
116
-86
22
361
338
336
275
360
389
February
March
2
170
-93
412
685
420
-453
-661
410
515
-797
863
1,176
1,310
513
April
-79
305
-275
659
384
1942
InvestanentB
1944
1945
1946
-1,613
-338
-2,222
791
-524
3,218
3,954
5,085
7,086
7,712
1947
1948
1949
-1,103
-294
-U95
6,244
6,515
194
1950 (Estimated)
1951 (Estimated)
1949-July
August
September.
October. .
November .
December.
.
.
.
1950- January
Source: Actual figures from Daily Treasury Statement; estimates 'based on
1951 Budget document, including effect of proposed legislation.
l/ To make the figures for the fiscal years I9U8 and I9U9 comparable with
those for other years shown in this table, they exclude transactions
53
of the Foreign Economic Cooperation Trust Fund (established under
Section 11U (b) of the Economic Cooperation Act of 19^8) . These
transactions have been consolidated with Budget expenditures, beginning with the March 1950 issue of the "Treasury Bulletin".
Table 2.- Receipts by Principal Accounts
(In millions of dollars)
Fiscal year
or month
1
.
.
.
.
June
•
•
,
mo
TRUST ACCOUNTS, ETC.
Table 3.- Investments by Principal Accounts
(In millions of dollars; negative figures are exceee of redemptions)
Federal Old-Age
and Survivors
Insurance TruBt
Fund
Fiscal year
or month
I9U2
I9W1
19k5
I9U6
14,129
19k7
19k8
19k9
3,36s
3,060
2,311
1950 (Estimated)
1951 (Estimated)
287
2,311 2/
5,200
3,668
19^9-July
August
September .
866
,228
National
Service
Life
Insurance
Fund
Life
Insurance
Fund
U7
61
60
182
156
102
1*3
kk6
-160
1,23k
k6l
353
60
,29U
1U8
569
3k6
32
32
282
363
kk7
1,729
1,715
3"*9
312
-833
-216
-1,518
-311
-19
20
579
577
-57
361
-105
-1
1.7
3
-ita
315
-2k
-lko
kl8
-2
19
30k
9
-30
11
*
73
1
k7
5
22
..
53
269
52
-2k
-25
-11U
37
-167
-23
-2
-2
-2
1950- January. ...
-U53
-661
-797
ko
130
250
11
-2k
-26
-80
-21
-177
-U32
-753
-853
-3
-2
-275
130
32
-110
-332
February
March
.
.
.
April
,
Source:
(Same as Table 1).
l/ See Table 2, footnote 2.
Adjusted
Service
Certificate
Fund
IkO
280
393
399
309
35
31*
862
1,97 >
2,053
.
October. .
November .
December.
Government
employees
retirement
funds 1/
nt
Gove:
,503
,k37
86
1U0
19k
19k
223
311
576
Unemployment
TruBt Fund
18
821
1,035
1,172
1,137
1,002
1,925
3,00U
19>>3
Railroad
Retirement
Account
-1
-2
-2
*
-6
3
-2
11
10
11
Total Includes $215 million by Health Insurance Trust Fund under
proposed legislation.
Lees than $500,000.
2/
*
Table 4.- Expenditures Other Than Investments by Principal Accounts
(in millions of dollars; negative figures are excess of credits)
Fiscal year
or month
Federal
Old -Age and
Survivors
Insurance
Trust Fund
Total
If
Railroad
Betlrement
Account
Unemployment
Trust
Fund
National
Service
Life
Insurance
Fund
Government
Life
Insurance
Fund
1
k5
6
30
31
3k
25
19kk
19k5
19k6
137
177
217
267
358
126
130
13k
lkl
152
377
176
61
71
l,lk6
128
280
19&7
19k8
19k9
3,985
3,750
3,898
k66
559
661
173
282
302
3k8
67
222
278
869
859
1,31k
1950 (Estimated).
1951 (Estimated).
6,776
6,106
31k
3k6
2,03k
1,570
2,620
928
111
158
175
178
29
30
29
7
5
lkk
29
29
29
6
6
80
6
6
19">3
19k9-July
August
September
October.
November.
December.
.
.
.
1950- January ....
February
March
April
y
783
2,300
335
376
378
61
62
62
21*
361
338
336
63
63
6k
25
25
25
863
25
25
26
203
It
1,176
1,310
67
67
68
175
217
818
917
659
69
26
lk3
37k
25
25
168
I87
Source:
(Same as Table 1).
l/ Excludes expenditures of Forslgn Economic Cooperation Trust Fund (all In
I9U9); see Table 1, footnote 1.
2/ See Table 2, footnote 2.
Includes Adjusted Service Certificate Fund, District of Columbia, Indian
y
Miscellaneous
Special
deposit
accounts
1/
(net)
Redemption , or sale (-),
of securities of Government corporations , etc .
In the market (net)
Guaranteed
2,905
1,287
3,178
1,09k
U,568
19>>2
Government
employees
retirement
funds 2/
50
70
61
72
U6
5
y
•
-129
-271
-508
-1,669
Not
guaranteed
1,809
78
85
103
151
267
260
233
U28
1,57k
323
2kk
222
1,073
1,23k
526
372
367
klk
387
-28
16
k6
-123
255
277
U25
387
287
278
-12
-5
19
21
20
26
33
-36
28
2
-2
-2
k6
-11
21
22
25
27
21
2k
113
6
-2k
2
-2
-70
2U
k2
kO
-6
6
23
23
6
23
1.61
27
6U7
25
9
23
599
2,683
1,276
160
95
190
277
-66
28
1
k
19
13
2k
tribal funds, expenditures chargeable against increment on gold,
etc.
Total Includes $35 million by Health Insurance Trust Fund under
proposed legislation.
Leas than $500,000.
2
. ...
7
8
5
3
8
7
3
7
)
6
,
,
9
6
U
1
7
9
5
57 a
U
Treasury Bulletin
10
TRUST ACCOUNTS, ETC..
Table 5.- Federal Old-Age and Survivors Inaur
Trust Pond
1/
(In million* of dollars
Fecelpts
Expenditures other than lnTeetmente
Adminlstratlre
eipeneee
Appro priatlons
Flecal year
or month
Congress
Interest
and
profits
on
Investments
Transfers
from
General
Fund
Relm-
Benefit
payments
bun»eoer.
to
General
Fund
2/
Salaries,
etc. ,
Bureau of
Old-Age
and
SurrlTorB
Insurance
Aeeete, and of period
Unexpended balance
Bet
Increase
or
decrease
Total
To
credit
of fund
account
Investment*
In
assets
In
dleburalng
of fleer'
account
a/
1937- 19*. 1
2,536.2
966.6
1,217.9
1,395.3
19**2
19*i3
19>tli
2,393.1
895.6
1,130.5
1,292.1
1,309.9
llt3.1
71.0
87 .U
103.2
123.9
19">5
1A33.8
191*6
1,238.2
11*7.8
1, It 59.
19**9
1,386.0
1,623.3
1,807. l>
1,923.8
1,616.2
1,690.3
163.5
190.6
230.2
1950 (Estimated).
1951 (Estimated).
2,506.0
It, 018.
2,2ll5.0
257.lt
3,715.0
299.6
61.2
380.6
18.2
57.5
380.6
7.2
.1
11.0
62.6
336.9
21.6
62. It
336.9
5.5
16.1
11*3.7
U6.8
397.5
229.5
96.9
19*»7
19**8
19^9-July
August
September.
October
November.
December.
.
.
.
.
.
I95O- January
February ....
March
397.5
2ltO.lt
April
138.6
137.0
176.8
217.2
99.5
110.3
H»9 .3
18U.6
266.8
239.8
357.9
.It
It66.lt
.7
3.3
559.1
660.5
320.5
U25.6
511.7
607.O
3.6
3.6
782.8
2,300.0
725.0
2,239.6
3.6
.2
10.9
85.7
Inception to date
16,038.7
111,635.1
1,395.7
39.1
26.8
27.5
2,397.6
829.6
2,397.6
3,227.2
2,380.6
3,201.6
l.Oltl.l
l>,268.3
32.6
26.9
1,178.1
1,167.0
5,W^.»
".,236.8
5,"t08.9
6,5**6.3
37.1.
7,61.1. Ii
8,798.1.
10,01*6.7
6,613.1.
1.3.5
U9.2
21..
21.
35.1
25.2
3U.U
39.7
111
.2
.6
"•3.7
1*5-8
1,723.2
1,718.2
13,033.1
H.,751.3
12,959.8
lit
.3
318.6
-W..2
11,310.3
11,628.9
11,173.7
11,173.7
11.58I..7
11,1.88.7
60.0
383.0
16.6
76.6
72.2
79. ">
11,581..
11,1.58.7
11,1.58.7
"•9.5
325.1.
76.5
11,728.0
».6
83.3
k5.5
21*8.6
163.5
79.6
77.5
8».8
51.1.
83.8
11,309.9
9,936.8
11,230.7
1.2
3.9
k.3
3.3
62.6
63.O
58.1
58.6
59.9
1.1
1.1
1.1
3.3
3.3
273.9
61*.
66.6
66.6
68.2
60.7
62.0
63.6
1.2
1.2
1.2
U.
77.2
331.0
172.2
12,396.2
11, 768.O
11, 898.O
12,11.7.9
68.7
6U.0
17.0
12,1.13.2
12,277.9
.7
3.1*
-1.2.7
3.3
3.3
1.3
3.1.
2U4.0
135.5
12,1.13.2
11,858.6
11,815.9
11,893.1
12, 22k.
12,1.13.2
7.3
35.0
1*8.8
12.1.
66.9
7**.
73.3
76.8
H..671..5
55.9
57.0
57.9
Source:
(Same as Table 1).
1/ Includes transactions under the predecessor Old -Age Reserve Account.
Under
Section 201 (f) of the Social Security Act Amendments of 1939.
2/
Under provisions of ths Labor-Federal Security Appropriation Act,
3_/
20.1.
15.6
13.0
13.8
7,51*8.7
8,71.2.3
60.9
62.0
62 .It
3,21*6.1
10.8
5.2
7.0
16.1
32.0
1,028.0
1,157.0
1,2U8.3
1,263.3
1.2
3,625.5
6.2
12,277.9
"t/
y
y
7"..
83.8
51.li
these expenses are payable directly from the Federal Old-Age
SurvlTora Insurance Trust Fund.
Distribution of unexpended balance not available.
Less than $50,000.
191.7,
hj
•
Table 6.- Railroad Retirement Account
(In millions of dollars)
Receipts
Flecal year
or month
Total
1/
I936-19I11
Appropriations by
Congress
506.9
Investments
Expenditures other than Investments Net
increase
Adminisor deBenefit
trative
crease (-),
payments
expenses 2/ in assets
1*98.5
8.1.
1*19.9
1*19.9
19>t2
1U.0
HO. 8
19"*3
211*. 8
19W
220.6
272.6
126.2
130.5
126.2
130.5
13lt.lt
13I1.I1
19"t5
32lt.l
3.1
5.8
9.8
15.2
lltl.lt
1U1.U
19lt6
312.0
322.lt
292.1
298.2
758.5
626.5
19.9
191.7
152.0
173.3
222.3
278.2
152.0
173.3
222.3
278.2
19W
262.7
308.8
21*. 2
19"t9
797.1*
677.lt
1950 (Estimated).
1951 (Estimated).
663.0
658.0
602.3
60.7
313.8
59*1.0
6lt.o
3lt5.9
309.0
3k0.5
191.9-July
687.0
687.0
August
September.
.
October
November ....
December. .
.
1950- January
February
March
.
.
.
It,
160.1
Unexpended balance
Investments
87.0
7*1.0
101.. 8
91.5
178.0
318.5
500.5
I9I1.9
333.0
515.6
575.1
399.2
675.7
82 It.
1,399.9
1,799.1
U.8
3U9.2
2,11.8.3
5.1.
312.1
2,lt6o.l*
663.1
11.9.1
To credit
of approp riatio n
657.0
805.5
17.8
18.2
23.9
25.8
1,720.0
2,069.0
2,381.5
79.3 1/
78.9 37
23.9
23.9
21*.
2I1.2
.5
-21*.
2,1*62.2
2,ii37.6
21*.
2*..
.3
-21*. 5
2,1.13.1
2,081.2
2,080.2
2,056.2
.5
.1
-25.0
-25.0
2,108.0
2,08U.O
2,059.0
251*.
.It
2,388.1
2,363.7
2,338.6
2,070.0
-25.3
2,313.8
2,288.9
2,263.6
-25.lt
2,238.1
2,238.1
2,238.1
.2
25.2
21*.
.3
21*.
.It
25. It
2U.6
25.0
.it
.it
.6
-2lt.9
.5
.6
25.3
25.3
25.9
2b.
.5
.6
25.0
25.6
.!>
-2*1.9
.6
26.1
25.7
179.6
2,029.5
2,025.9
267.6
it,
088.0
Source:
(Same aa Table 1).
1/ Figures differ from those shovn In Table 2 In thle eection for the
reason that Table 6 reflects appropriatlona vhen they are made vhile
Table 2 shows the amounts vhen transferred to the trust account.
.3
3.6
2/
3_/
•
-2lt.il
13.1.
1,37*1.5
.2
.2
10.5
11.7
12.8
Ik.
.1
.3
.U
In dleburalng
offlcer'a
account
2.5
1.6
k.l
1.1
.1
.2
April
Inception to date.
38.9
50.9
87.0
17.7
90.1
138.1
182.6
Assets, end of period
1/
1/
26.6
26.5
26.2
35**.*.
330.9
330.7
25.5
25I1.I1
25.2
251..
25.5
2,020.0
217.5
216.7
216.
26.3
26.7
27.2
2,052.2
158.1.
27.5
2,052.2
158.1.
2,01.5.5
Paid from the trust fund under Title IV, Act of June
Distribution of unexpended balance not available.
Less than $50,000.
2**,
27.5
19U9.
Jane 1950
11
TRUST ACCOUNTS, ETC..
Table 7.- Unemployment Trust Fund
,
Treasury Bulletin
12
TREASURY CASH INCOME AND OUTGO
Table 1.- Summary of Cash Transact Ions
June
mo
13
TREASURY CASH INCOME AND OUTGO,
Table 3.- Derivation of Cash Budget Expenditures
Treasury Bulletin
Ik
TREASURY CASH INCOME AND OUTGO.
Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of dollars)
Fiscal year
or month
..,
June
WO
15
GENERAL FUND OF THE TREASURY.
Table 1.- Status of the General Fund
(In millions of dollars)
Bullion, coin, and
currency
End of f lsoal
year or month
19>t8
19"»9
In process
of collection
Liabilities
Balance in
the General
fund
collections
7U2
761
666
558
2U3
603
1,038
1,1*2
1,500
1,006
1,679
7,667
18,007
22,622
12,993
265
533
507
289
305
6»3
607
»21
3,730
5,370
3,862
1,023
1,073
1,022
232
191
219
1,202
1,928
»38
123
103
962
1,773
1,771
310
283
309
»22
U38
392
3,308
•,932
3,699
198
199
10U
86
119
1.W5
31*6
2,513
3,226
312
193
529
610
1,176
362
3k9
381
3,337
k,kl8
5,699
595
517
8U1
9»
80
9k
2,831
2,632
2,557
315
308
288
3»3
"•,737
367
35>>
k,k22
k,679
10,lli9
19U6
Available
funds
Other
deposits
155
150
15*
150
160
3,W>3
19»3
19W>
19»7
Other
Deposits in
special
depositaries
20,775
25,119
lit, 708
19"»2
19>>5
Deposits In Federal
Reserre Banks
"•52
llTO
2,991
9,507
20,169
2k, 698
Ik, 238
3,"»70
6,080
1,037
1.0V7
1,05k
October...
November.
December.
5,080
1,065
>*,789
1,01.9
5,033
1,053
180
205
200
1950- January...
February.
5.U21
5,»89
Maroh
6,1.38
1,029
1,027
1,029
221
220
22U
677
666
1,006
216
12k
190
2,898
3,1U6
3,665
381
306
32k
372
303
317
5,OU9
5,186
6,121
April
5,07lt
1,01*
236
875
105
2,5>>3
302
373
ll,
19U9-July
August . . .
September,
".,767
Sourcs: Dally Treasury Statement.
1/ On account of withheld taxes and sales of Govsrament securities.
3H
702
.
.
Treasury Bulletin
16
DEBT OUTSTANDING,
Table 1.- Summary of Federal Securities
(In millions of dollars)
End of
fiscal
year or
month
Guaran-
GuaranPublic
debt
Matured debt and debt bearing no interest
Interest- bearing debt
Total outstanding
teed
securities
Public
debt
te sd
International
Bank
1/
19k2
19*3
19kk
76,991
72,ll22
lliO,796
136,696
201,003
258,682
202,626
259,115
269,898
19>>5
19k6
19U7
19k8
258,376
252,366
252,798
1W
1950 ( Estimated)
1951 (Estimated)
Debt peak.
Fsb. 19k6
269,ll22
258,286
252,292
252,770
»,568
k,100
1,623
k33
It 76
90
73
27
76,517
139,1*72
71,968
135,380
201,059
256,766
268,578
256,357
268,111
255,197
250,132
250,785
255,113
250,063
250,762
199,5">3
1*16
1,72"*
66
2l»5
1.1
1,161
1,063
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1*1
1,063
1,063
1,057
655
650
1,030
1,008
1,008
61*2
632
629
62U
621
1*51*
98
1,316
11*1
1*67
1,567
2,350
1,321
1,1*60
201
269
376
83
3,179
69
2,23l»
2k
2,012
258,li39
258,1100
263,81*
263,800
39
kk
n.a.
n.a.
n.a.
n.a.
279, 76k
279,21''
551
278,li51
277,912
539
251,880
253,921
22
2k
26
2,000
1,901*
2,326
1,311
3,173
2,229
2,009
1,301
238
1,996
1,931
1,923
237
218
221
229
211
2,111*
1,901
1,858
2,111
1,313
1,063
19k9-July
August
September.
253,902
255,879
256,709
253,877
255,852
256,680
26
27
29
251,903
October. ..
November. .
December..
256,805
257,011
257,160
256,778
256,982
257,130
23
29
2511,901
255,150
2511,876
255,12li
30
255,0116
255,019
25
26
27
256,892
256,395
256,865
256,368
27
27
25"*, 893
2511,869
Si*
25k, 1*30
25li,l*06
255,72"!
2lt
253,527
253,506
1,999
1,965
2,220
1,997
1,962
2,218
356
325
255,7li7
2k
21
321*
1,008
1,008
1,270
255, 7M>
255,718
253,536
253,516
19
2,201*
2,202
310
1,270
1950- January. . .
February...
March
April
253,91*5
25!*,783
25">,756
Source: Actual figures from Dally Treasury Statement; estimates baaed on
1951 Budget document, Including effect of proposed legislation.
1,931*
1,926
1,861
Other
2/
231
280
k7k
1,321*
1,516
k09
Monetary
Fund
356
1,175
1,259
2,057
935
802
722
660
5U9
*>,092
It,
Guar an-
Public debt
teed
securities
1*67
Footnotes at end of Table 2.
Table 2.- Net Change In Federal Securities
61*5
639
636
securities 1/
(matured)
20
8
107
2k
10
6
5
3
.
June 1V50
17
DEBT OUTSTANDING
Table 3.- Interest-Bearing Public Debt
.
,
.
Treasury Bulletin
IS
DEBT OUTSTANDING.
Table 5.- Interest-Bearing Securities Guaranteed by the United States Government
1/
(In millions of dollars)
Marketable
Commodity
Credit
Corporation
End of fiscal
year or month
19U2
,
191*3
,
Federal
Farm
Mortgage
Corporation
Federal
Bousing
Administration
U,5l»9
**,5"*9
701
3,908
1,190
1*12
3*
19W
U,092
1,516
W>9
U67
1*3
19**7
83
I9U8
69
38
27
19**9
Sk
13
13
22
19W
191*5
,
191.9-July
930
930
1*12
21
23
Nonmarlre table
Home
Owners*
Loan
Corporation
1,563
1,533
755
Public
Housing
Administration
111*
Commodity
Credit
Corporation 2/
Reconstruction
Finance
Corporation
1,219
896
183
68
3"*
326
375
**3
1»2U
150
375
U2U
38
27
U5
1*5
U2
11
U2
11
21*
11U
August . . .
September
21*
13
13
1U
13
13
26
lit
11
12
12
October. .
November .
December.
25
26
27
15
15
15
15
15
15
10
11
12
10
11
12
2U
2U
21
11*
li»
15
15
15
15
10
10
6
10
10
6
19
15
15
1950- January .
February
March
.
.
April
Source: Dally Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury.
2/ Consists of demand obligations stated as of the close of the previous
month.
3/
U.
115
176
9
11
Consists of Reconstruction Finance Corporation notes Series X-A, J.-B,
and X-C, which were held by United States Government corporations and
credit agencies
Table 6.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
Reconstruction Finance
Corporation
.
.
June J-V50
19
DEBT OUTSTANDING.
Table 7.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Computed annual interest rate
Total Interest-bearing securities
End of fiscal
year or month
Amount
outstanding
Public debt
and guaranteed securities 1/
19k2.
19*3
19kk.
19*5.
19k6.
76,517
139, k72
201,059
256,766
868,578
19>>7.
19k8.
19li9.
19119-july
Public
debt
71,968
135,380
Public debt
wn^ guaranteed securities 1/
Public
debt
Total
InterestTotal
bearing
public
securidebt
ties
Total
Bills
2/
U
2.307
2.309
2.313
2.593
2.623
2.629
2.510
2.588
2.596
1.758
1.92k
2.210
1.375
1.375
1.375
2.313
2.313
2.316
2.613
2.59k
2.592
2.603
2.6lk
2.616
2.280
2.232
2.200
1.219
1.219
1.219
1.375
1.375
1.375
2.316
2.316
2.316
2.585
2.582
2.581
2.619
2.619
2.617
2.270
2.22k
2.208
1.10k
1.125
1.139
1.195
1.191
1.181.
1.375
1.351
1.351
2.316
2.316
2.322
2.576
2.576
2.575
2.612
2.600
2.588
2.227
2.2k6
2.398
1.169
1.182
1.37*
2.322
2.57k
2.58k
2.525
.382
.875
1.1.1.8
1.01k
1.176
1.0U2
1.225
1.201.
1.375
1.01.1
1.250
1.250
1.2U5
1.983
1.98k
1.959
1.060
1.073
1.090
2.199
1.957
1.959
1.955
2.200
1.959
1.871
1.9*2
2.001
5,631
5,662
5,666
2.236
2.230
2.236
2.230
2.22k
2.002
1.995
1.985
1.119
1.078
2.221.
5,663
5,669
5,629
2.222
2.222
2.208
2.222
2.222
£.208
2.205
255,197
250,132
250,785
255,U3
5,376
5,37b
250,063
250,762
5,>t57
5A55
5,6o6
5,606
251,903
251,880
253,921
3,81.9
253,91*5
25»,783
25>>,756
5,632
5,662
5,667
October,
Rot ember.
December.
25k, 901
2511,876
5,661.
255,150
255,Ok6
255,12k
255,019
5,670
5,630
1950- January..
February.
March....
25k, 893
2511,869
25U.U30
253,527
25k, ko6
5,619
5,606
253,506
5,620
5,607
5,575
5,571.
2.205
2. 20U
2.199
253,536
253,516
5,578
5,577
2.200
Source: Dally Treasury Statement.
1/ Excludes guaranteed securities held by the Treasury.
2/ Total Includes "Other bonds"; see Table 3 preceding.
\J Treasury bills are Included In debt outstanding at face amount, but
In computing the annual Interest charge and the annual Interest rate
2.201.
k/
y
2.lt°A
2.379
2.31k
2.307
2.277
2.330
2.U17
the discount value ie ueed.
In computing the wnniiftl Interest charge and the annual Interest rate
on United states savings bonds, Serlee A-E are considered to yield
2.90^ per annum and Serlee F Is considered to yield 2.53$.
Table 8.- Treasury Holdings of Securities Issued by Corporations and Certain Other
Business-Type Activities of the United States Government ^
(In mlUlons of dollars)
End of fiscal
year or month
ties
i/
2.VF3
2.567
2.107
2.182
2.236
5,357
k,96k
5,351
Special
issues
Guaranteed
securi-
1.861
1.968
1.335
1.321
l.klO
2.107
2.182
2.236
"1,969
marketable
Issues
2.681
2.ko8
2.k05
2.k36
2.kk8
2.680
.360
.380
.381
.381
.381
256,357
268,101
Treasury
bonds
Certificates
I.092
I.165
1.281
1.80 1.
1.289
2.225
1.822
1.725
1.718
1.773
2,679
Bon-
.56k
.875
.875
.875
.875
2.285
1.979
1.929
1.936
1.996
1,61.14
August. .
September
April.
Marketable Issues
2.260
1.978
1.925
1.935
1.995
1,729
2,759
3,869
199, 5k3
Public debt
Computed annual
Interest charge
Treasury Bulletin
20
STATUTORY DEBT LIMITATION
Section 21 of the Seoond Liberty Bond Aot, as
amended, provides that the face amount of obligations
Issued under authority of that Aot, and the faoe amount
of obligations guaranteed as to principal and Interest
by the
held by
United States (exoept guaranteed obligations
shall not exthe Seoretary of the Treasury),
oeed
aggregate |275 billion outstanding at any
Obligations Issued on a dlsoount basis, and
subjeot to redemption prior to maturity at the option
of the owner,
are Included In the statutory debt limitation at current redemption values.
In
the
one time.
Table 1.- Status under Limitation, April 30, 1950
(la millions of dollars)
Mnxlumum amount of securities which may be outstanding at any one time, under limitations Imposed by Section 21
of the Second Liberty Bond Act, as amended
275,000
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 (excluding those held by the Treasury)
22
Total amount of securities outstanding subject to statutory debt limitation
255,008
19,992
Balance Issuable under limitation
Source:
25k, 986
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1950
[In millions of dollars)
Class of security
June
mO
21
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding April 30, 1950^
(In millions of dollars)
Year
and
month
..
..
.
...
.
.
.
..•
Treasury Bulletin
22
DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
1 950
and Outstanding April 30,
y (Continued)
(In millions of dollars')
Amount of maturities
Amount of maturities
Tear
Fixed
and
Description of security 2/
month
maturity
Issues
Date
bank reCallable Issues
stricted
classified by
Issues
year of:
become
bank
Final
First
eligible
matucall
if
rity
Tear
Description of security 2/
month
Fixed
maturity
issues
Date
bank reCallable lBsues
stricted
classified by
Issues
year of:
become
bank
Final
First
matu- eligible
call
1/
rity
196U
1956
Mar...
2-1/2* Bond
-
3/15/56-58
June.
2-1/1** Bond
-
6/15/5I1-56
Sept
2-3A* Bond
-
2-l/lt* Bond
-
9/15/56-59
9/15/56-59
.
1,1*1*9
681
6,253
2-1/2* Bond
-
3/15/56-58
2-3 A* Bond
-
6/15/58-63
2-1/2* Bond
.
.
6/I5/6U-69.
12/15M-69
3,761
>*/l5/53
3.838
9/15/53
7,599
681
1965
1958
June.
2-1/2* Bond
Dec
982
3,823
Total
Mar..
June.
Mar..
2-1/2* Bond
Dec
2- 3
.
A*
3/15/65-70.
2/1/51*
5,197
I2/I5/6O-65.
Bond
1,1*85
1,1*1*9
5,197
l.l<85
919
919
1966
1,1*1*9
2-1/2* Bond
-
3/15/66-71.
3,1*81
2-1/2* Bond
2-1/2* Bond
-
6/15/62-67.
6/15/67-72.
7,967
Sept.
2-1/2* Bond
-
9/15/67-72.
2,716
Dec.
2-1/2* Bond
-
12/15/67-72.
11,689
Mar..
12/1/51*
1959
June
2-l/lt* Bond
-
Sept.
2-3 A* Bond
2-l/U* Bond
-
9/15/56-599/15/56-59.
2-1 A* Bond
-
12/15/59-62.
Dec.
5,28k
6/15/59-62.
6/15/52
12/15/52
3,1*70
Total.
8,75''
1967
June.
982
3,823
-
5/5/52
6/15/62
12/15/62
,801*
22,372
Total.
I960
2,118
1968
Mar.
2-7/8* Bond
3/15/55-60...
Dec.
2-3/U* Bond
12/15/60-65...
2,611
Dec.
3*
Panama Canal bond
-
6/1/61
-
12/15/63-68.
2,831
6/15M-69.
3,761
t/15/53
3,838
9/15/53
12/1/52
1969
2,611
1961
June.
2-1/2* Bond
1,1*85
1,1*85
June.
2-1/2* Bond
Dec.
2-1/2* Bond
12/15/6U-69
50
7,599
1970
1962
.T
2,118
im*
,
2-l/U* Bond
2-1/2* Bond
-
6/15/59-62
6/15/62-67
5,281*
6/15/52
5/5/52
3,1»70
12/15/52
2,118
2-1/2* Bond
-
3/15/65-70.
5,197
2/1/5"*
2-1/2* Bond
-
3/15/66-71.
3,1*81
12/1/5**
June.
2-1/2* Bond
-
6/15/67-72.
7,967
6/15/62
Sept
.
2-1/2* Bond
-
9/15/67-72.
2,716
Dec
.
2-1/2* Bond
-
Mar...
1971
2-1 A* Bond
12/15/59-62
Mar...
Total
2,118
8,751*
1972
1963
June
Dec
.
.
.
2-3 A* Bond
-
2-1/2* Bond
-
Total.
Source:
1/
2/
6/15/58-63.
12/15/63-68.
919
12/1/52
2,831
2,831
.
Total
919
Dally Treasury Statement and Bureau of the Public Debt.
Excludes postal savings bonds.
It should be noted that callable issues appear twice in this column,
once in the year of first call and again in ths year of final maturity. Callable Issues with respect to which a definite notice of
call has been made, however, are listed as fixed maturities. For
3_/
12/15/67-72
11,689
12/15/62
22,372
date of issue of each security, Bee "Market quotations ; for tax
status, see "Treasury Survey of Ownership"
Bank restricted Issusb may not be acquired by commercial banks
(with minor exceptions) prior to specified dates; see "Debt Outstanding", Table 3* footnote 1.
Jane 1V50
23
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
Treasury Bulletin
2h
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
June 1950
25
DEBT OPERATIONS,
Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Government
.
Treasury Bulletin
26
UNITED STATES SAVINGS BONDS.
United States savings bonds were first offered for
sale In Marob 1935 * nd began to mature In Haroh 19^5.
Series A-D were sold from Maroh 1935 to April I9M.
Series
E,
F,
and
bonds have been on sale since Hay
1,
19^1
nominations Include both sales and redemptions in thousands
of pieces, Instead of sales figures alone, previously given
In dollar volume at Issue prloe. Redemptions by States were
discontinued with the figures through June 30, 1949.
For Information on the terms and oendltlons of these bonds,
see "Treasury Bulletin" Issues for Deoember 19^7,
and Ootober ^"l^, pages A-
1
*
page
")!,
For dollar figures, sales are shown at Issue prloe, and
redemptions and amounts outstanding at current redemption
and A-5.
except that Series G is shown at par. Matured bonds
whloh have been redeemed are Included In redemptions.
Values,
In addition to the Information on savings bonds
operations whloh appears eaoh month, data by denominations
and dollar sales by States are published as of June 3° and
Deoember 31, ooverlng the Intervening months. Beginning
with the figures through Deoember 31, 19*19, data by de-
Matured bonds outstanding are Included In the Interest-bearing debt until all bonds of the series have matured, when
they are transferred to matured debt upon whloh Interest
has oeased.
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through April 30, 1050
f
Series
Dollar amounts In millions)
June
mO
27
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods
(Dollar amounts In millions)
Period
2g
Treasury Bulletin
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods - (Continued)
(Dollar amounts in millions)
Period
nine
mo
29
UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions of Series A-D, E, F, and G by Periods - (Continued)
Treasury Bulletin
30
TREASURY SAVINGS NOTES,
Treasury savings notes (originally designated tax
savings notes
from August
August
1,
)
1,
194l,
have been Issued In four series:
Series A
through June 22, 1943; Series B from
C from
194l,
through September 12, 1942; Series
of Series A and B,
and redemptions by fiscal years and months,
September 14, 1942, through August 31, 1948; and Series D
beginning September 1, 1948. Details
and redemp-
tion, and Investment yields of Series D notes will be found
In the "Treasury Bulletin" for Ootober 1948,
page A-l.
see "Treasury
Bulletin" for February 1946, pages 42 and 43.
In the following tables sales and redemptions of
on continuous sale
concerning terms and conditions for purchase
see "Annual Report of the Secretary
of the Treasury" for 1942, pages 207 and 220, and for sales
Treasury savings notes are shown at par value. Matured
notes redeemed (either for cash or for tax payment) are
Included in the figures on redemptions.
Matured notes out-
Similar Information concerning Series C notes will be found
standing are refleoted in the interest-bearing debt until
In the "Treasury Bulletin" for Ootober 1945,
all notes of the series have matured, when they are trans-
and A-5.
pages A-4
For details oonoernlng terms and oondltlons,
Investment yields,
and tax payment or redemption values
ferred to matured debt upon which interest has oeased,
Table 1.- Summary of Sales and Redemptions by Series, Cumulative through April 30,1950
(
Series
in
aooordanoe with the praotloe of the Daily Treasury Statement.
In millions of dollars
)
June
W50
31
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
Treasury Bulletin
32
OWNERSHIP OF FEDERAL SECURITIES
Table 3.- Estimated Ownership of Federal Securities by Bank
and Nonbank Investors
(Par values 1/
-
in billions of dollars)
June 1950
33
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1950.
The Treasury Survey of Ownership covers seourltles
Issued by the United States Government and by Federal
The banks and lnsuranoe companies lnoluded
agenoles.
In the Survey aooount for approximately 95 peroent of
suoh seourltles held by all banks and Insurance oompanles
In the United States.
Maroh
31,
1941,
Data were first published for
Information on the distribution of ownership by types
of banks and Insurance oompanles Is published eaoh month.
Additional Information showing the holdings of commercial
banks distributed aooordlng to Federal Reserve member
and December 31.
In the May 19^1 "Treasury Bulletin".
Section
I
-
Securities Issued or Guaranteed by the United 6tates Government
Table 1.- Summary of All Securities
(Par values
Class If 1 cation
-
-
bank olasees and nonmember banks Is published for June 3°
In millions of dollars)
Treasury Bulletin
3*
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1950.
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 3.
-
Interest-Bearing Public Marketable Securities by Issues
(Par values
Issue
(Tax statue %J Is shown In parentheses)
-
In millions of dollars)
June 1950
35
.
Section
I
-
TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1950.
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
Issue
(Tax status
9j/
is
shown In parentheses)
-
In millions of dollars)
-
(Continued)
Treasury Bulletin
36
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1950.
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par values
Issue
(Tax status %J Is shown In parentheses)
-
In millions of dollars)
June
\
L
37
>50
.MARKET QUOTATIONS, APRIL 28, 1950
Market quotations shown here are over-the-oounter
oloslng 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.
listed In Seotlon
I
The securities
include all publlo marketable secu-
the only pubilo marketable Interest-bearing guaranteed
Section II lists the publlo
securities outstanding.
marketable seourltlee Issued by Federal agenoles but
Dally
not guaranteed by the United States Government.
quotations for the seourltlee listed In Sections
I
and II
rities Issued or guaranteed by the United 8tates Govern-
are published monthly In the Treasury Department state-
ment except those not regularly quoted In the market.
ment,
The Issues excluded are postal savings bonds and Fed-
Issued by the United States Government and by Federal
eral Housing Administration debentures.
Section
I
-
The latter are
out-
standing
(Millions)
Agencies"
Securities Issued or Guaranteed by the United States Government
Table 1.- Treasury Bills (Taxable)
Amount
"Prices and Yields of Publlo Marketable Seourltlee
Table 2.- Certificates (Taxable)
Treasury Bulletin
38
MARKET QUOTATIOHS, APRIL 28, 1950
Section
I
-
,
Securities Issued or Guaranteed by the United States Government
Table 4.- Tax-Exempt Bonds i/
June
mO
39
MARKET QUOTATIONS, APRIL 28, 1950
YIELDS OF
TREASURY SECURITIES.
Based on Mean
•52
PERCENT
-
•54
56
'58
of Closing Bid
•60
•62
APR. 28, 1950
and Ask Quotations
'64
66
•68
70
.,
Treasury Bulletin
40
YIELDS OF TREASURY AND CORPORATE BONDS
Table 1.- Average Yields of Long-Term Bonds by Periods
(Percent per annum)
Partially
Taxable
tax-exempt
Treasury
Treasury
bonds 1/
bonds 1/
Highgrade
corporate
bonds
Partially
tax-exempt
Treasury
bonds 1/
Annual series
1933
193 1*
1935
1936
1937
2.7>*
1938
2.61
3.31
3.12
2.79
2.69
-
1939
2.1*1
3-93
191*0
3.1*6
19>»1
19l»2
2.26
2.05
2.09
1.98
1.92
191*3
19Wt
Monthly series
19Wi-Jan.
Feb.
Mar.
19l*6-Apr
May
July
Aug
Sept
July
Aug.
Sept
Oct
Not
Dec
Oct.,
Nov.
19"t7-Jan
Dec,
Feb
Mar
19^5-Jan..
Feb.,
Mar..
Apr
May
June
Apr.
May..
June.
July
Aug
Sept
July.
Aug..
Sept.
Oct
Not
Dec
Oct..
Not..
19"*8-Jan
Dec.
19l*6-Jan..
Feb..
Mar..
,
June
Apr.
May.
June
Feb
Mar
Apr
May
June
Highgrade
corporate
bonds
Partially
tax-exempt
Treasury
bonds 1/
Taxable
Treasury
bonds 1/
calendar year averages of monthly series
U.38
3.19
3.27
3-12
Taxable
Treasury
bonds 1/
,
2.1*6
2.1*7
2.1>3
2.92
2.77
2.67
2.75
2.6k
2.60
19"<5.
191*6.
mi191*8.
19*19.
1.66 1/
2.37
Highgrade
corporate
bonds
June
m
ki
L
\
YIELDS OF TREASURY AND CORPORATE BONDS,
o
z
o
m
UJ
o
or
o
o
>-
)
Treasury Bulletin
1+2
INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources -^
(
Fiscal year
or month
In thousands of dollars
June
WO
*3
INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
4
:
)
.
Treasury Bulletin
1*
INTERNAL REVENUE COLLECTIONS
Table 2.- Detail of Collections by Type of Tax
(In thousands of dollars)
First 9 months of fiscal year
Fiscal year
Type of tax
19k8
I9U9
191.9
Ninth month of fiscal year
19k9
(March 19«9)
1950
1950
(March 1950)
Income and profits taxes:
Individual:
Withheld by employers
Other:
Current 2/
Back
Total individual Income taxes
Corporation:
Income taxes
Current 2/
Back
Excess profits taxes:
Declared value %/
Revenue Act of 19k0 k/
Army and Navy contracts %/
Total corporation Income and profits taxes
Total Income and profits taxes
11,533,577
10,055,502
7,61.9,797
7,k08,626
155,697
92,935
8,8k7,k69
6,118,597
5, 30k, 330
616,73''
7,363,329
632,991
1.75,829
k56,786
l,782,7kl
63,kk5
l,5k8,370
55,903
20,997,781
18,051,822
lk,2kk,223
13,l69,7k2
2,001,883
1,697,208
,86k, 251
987, 2k8
10, 501., 602
7,951,55"'
593,705
7,8l3,kOk
688,8ka
2,kl3,3k5
838, 0U2
115, 8k2
l,9k0,89k
161,876
6,019
63,653
208
2,193
21,k0k
1,15k
6,929
17,613
305,251
16,233
13,226
1911,1.95
165, 8U8
32
16
297
10,17k,kl0
11,553,669
8, 72'', 366
8,572,126
78k
2,110,853
31,172,191
29,605,1.91
22,968,589
21,7kl,868
k,55k,667
3,808,060
1,612,721
208,508
1,687,151
226,228
1,217,996
207, 3U2
1,169,39k
20k ,269
11,555
ll,kl3
11,652
8,783
1,821,229
1,913,379
1,^5,338
1,373,663
22,968
20,k3k
J, 55?,
Employment taxes:
Social security taxes:
Old-age insurance
Unemployment Insurance
Total social security taxes
Fallroad retirement
Total employment taxes
560,113
562,73''
U21., 119
kl3,656
101,899
9k, 559
2,381,31.2
2,1.76,113
1,81.9, l»57
1,787,319
12k, 867
Ilk, 99k
1,723
6,138
5,551
2k2
822,380
735,781
563,396
500,700
62,735
6l,9k9
76,965
60,757
51,287
39,987
kl,8l3
29,106
109,965
1,326,261
3k, 983
2,533
121,773
1,276,175
33,793
2,kk8
93,217
989,980
26,6U0
2,013
58,1.29
63,33''
1.8,792
96,655
987,762
23,170
1,918
53,667
10,118
111,367
2,8k2
168
6,000
9,5k5
118,078
2,699
228
6,300
9,500
7
W.7
12,036
9,973
6
375
11,907
20
686,368
6,788
6,5kl
Ilk
100
7
7
1
1
57k
31
1,107
Miscellaneous Internal revenue:
Capital stock tax 6/
Estate tax
01ft tax
Liquor taxes:
Distilled spirits (Imported, excise)
Distilled spirits (domestic, excise)
DiBtllled spirits, rectification tax
WineB, cordials, etc. (Imported, excise)
Wines, cordials, stc. (domestic, excise)
Dealers in distilled spirits; rectifiers;
manufacturers of stills (special taxes)
Stamps for distilled spirits Intended for export.
Case stamps for distilled spirits bottled in bond
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers in malt liquors (special taxes).
Total liquor taxes
Tobacco taxes:
Cigars ( large )
Cigars ( small )
Cigarettes (large)
Cigarettes ( small )
Snuff
Tobacco ( chewing and smoking )
Cigarette papers and tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
Total tobacco taxes
lt,l»30
322
9,19k
17
50k, 591
3,175
k87,l86
3,388
56,817
68
66
1,139
«
k7,725
80
2,255,320
2,210,601
1,68k, 735
1,669,827
188,633
185,959
1.6,686
•5,530
59
3k ,602
k6
32,233
k7
5
7
5
5
3,659
6
•
3,k96
66
1,208,199
7,372
1,232,728
7,272
91k, 392
5,k90
35,><35
926
81.1
26,536
6lk
923,37k
5,k83
26,666
652
109,118
677
3,012
67
112,390
37,021.
1,300,280
1,321,875
981,687
988, k6l
116,539
119,855
"•3
697,097
k,020
8,956
2
3
1
713
3,237
16
1
2
Stamp taxes:
Bonds, Issues of capital stock, deeds of
conveyance , etc
Transfers of capital stock and similar interest
sales
Playing cards
Silver bullion sales or transfers
Total stamp taxes
Footnotes at end of table
3_
(
50,771
U6,667
35,579
35,57k
3,581
k,586
20,371.
17,910
7,867
7,561.
16,630
8,k5k
97
1,182
812
7
2,k33
1,392
6o,75k
5,581
8,kl5
I.5I.
687
13,795
5,952
619
79,k66
72,828
55,9k5
Continued on folloving page
5
Jnnc
mO
*5
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax^
(In thousands of dollars)
Type of tax
-
(Continued)
U6
Treasury Bulletin
MONETARY STATISTICS.
Table 1.- Money in Circulation
(In millions of dollara except as noted)
End of fiscal
year or month
June
mo
*7
MONETARY STATISTICS
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amount* In ml 11 lone)
Cold
Snd of fiscal
year or month
19*2
19*3
19**
19*5
19*6
(*35 per
fine ounce)
,
,
,
,
19*7
19*8
19*9
19*9- July
August..
.,
September
October. .
November
December .
1950- January.
February*.
March
22,736.7
22,387.5
21,173.1
20,213.0
20,269.9
*,306.3
*,298.5
3,9*7.9
3,685.8
3,508.*
15.9
16.1
15.7
15.*
1*.8
21,266.5
23,532.5
2*,*66.3
3,525.7
3,571.0
3,618.3
1*.2
13.8
12.9
2*, 520.0
2*, 607.9
2*, 601.
3,622.*
3,626.3
3,629.2
12.9
12.8
12.9
2*, 583 .6
3,631.9
3,638.2
3,6*3.1
12.9
12.9
13.0
2*,3*5.l
2*,2*6.e
3,6*5.8
3,6*9.8
3.658.9
13.0
13.0
13.1
2*, 2*6.
3,663.5
13.1
2*, 39*.
.
April p.
fine ounce)
2*,*79.0
2*,*27.1
.
.
Ratio of ellTor
to gold and
silver Is
Monetary etocka
( In percent)
SllTer
(»1.29+ per
Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
preliminary figures. For detail of silver monetary stock, see Table *.
p
Preliminary.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities
End of calendar
Gold reserve
against U. S.
notes, etc. 2/
Exchange
Stabilisation
Fund 37
Gold assets
Gold certificates 1/
19*2
19*3
19**
19*5
19*6
22,726.3
21,937.8
20,618.8
20,529.0
20,611.9
19,821.0
1S,*97.*
17,91*.
18,*30.5
156.0
156.0
156.0
156.0
156.0
19*7
19*8
19*9
22,753.9
2*, 2*3 .9
2*,*27.1
21,5**.0
23,010.0
23,217.9
156.0
156.0
156.0
1,053.9
1,077.9
1,053.2
2*, 520.0
2*, 607.9
2*, 601.
23,327.*
23,*o*.3
23,392.1
156.0
156.0
156.0
1,036.6
1,0*7.6
1,053.6
2*, 583 .6
23,362.*
23,273.7
23,217.9
156.0
156.0
156.0
1,065.2
1,0*9.2
1,053.2
year or month
20,06l».9
19*9- July
August..
..
September
October. .
November .
December.
2*,*79.0
2*,*27.1
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
Gold In
General Fund
158.*
160.7
165.*
19*. 8
1*2.*
March
2*,3*5.1
2*, 2*6.2
23,209.6
23,161.7
23,061.0
156.0
156.0
156.0
1,029.3
1,027.*
1,029.2
April p...
2* ,2*6.
23,076.5
156.0
1,01*.
1950- January...
February.
2*, 39* .9
Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
preliminary figures.
1/ Comprises (1) gold certificates held by the public and In Federal
Reserve Banks; and (2) gold certificate credits In (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
2/
2/
p
(b) the redemption fund - Federal Reserve notes.
Haaervo against United States notes and Treasury notes of 1890.
Excludes gold In active portion of Exchange Stabilization Fund,
Preliminary.
.......
U
.
2
3
Treasury Bulletin
KS
MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In Billions of dollar*)
Silver held In Treasury
End of calendar
year or month
Securing silver certificates l/
Silver
bullion 2/
19&2
19*3
19Ui
Sliver
dollars
1,516.2
1,520.0
1,520.1
1,703.9
1,911.2
19">5
19W
19U7
19W
19>»9
Sliver outside
Treasury
In General Fund
Bullion for
recolnage kj
Subsidiary
coin ^/
"•68.3
9.2
U00.U
376.5
1«.">
19.1
12.5
10.2
356.1.
Bullion
at cost 2/
628.2
551.8
1.05 .6
.1
llt.O
185.6
93.1
Sliver
dollars 1/
Subsidiary
coin 3/
78.8
96.8
117.5
137.5
150.1
587.3
68U.7
771.6
8U6.7
901.1
Total
b liver
at $1.29+
per fine
ounce
317.6
207.
3,870.6
1.,
l»,
3,512.8
3, 51"..
1,937.6
1,971.5
2,003.2
337.2
328.1
321.9
13.1
5.9
91.1
11.1.
156.3
165.0
171.0
928.7
971.5
982.2
3,51.7.9
9"..l>
1,989.2
325.3
II.
32fc.l
1».3
167.6
168.7
169.6
97k .6
975.1.
3,622.1.
1,992.1.
976.6
3,626.3
3,629.2
978.0
980.7
982.2
3,631.9
3,638.2
3.6U3.1
89.3
3,596.7
3,61.3.1
19^9-July
August. .
September
1,995.7
323.2
13.5
90.8
91.2
90.8
October.
November
December.
1,997.2
2,001.1
2,003.2
322.9
12 .U
11.6
ll.U
91.
92.0
9U.U
170.0
321.9
1950-January.
February.
Maroh....
2,006.5
2,008.3
2,010.9
321.8
321.8
321.7
13.0
15.0
15.7
93.5
93.8
9».l
171.0
171.1
171.2
982,1.
983.0
3,652.9
2,013.1.
321.6
15.9
97.1
171.2
983.9
3,663.5
April p .
322.1.
.9
Source: Circulation Statement of U. S. Money; Dally Treasury Statement for
certain preliminary figures.
l/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government (Bee
Daily Treasury Statement for amount). Does not include sliver lendleased to foreign governments (these transactions ell took place during
the fiscal years 191*2 through 19^; see 19W Annual Report of the
170.1.
171.0
982,0
3,61.5.8
Secretary of the Treasury for amounts).
Valued at $1.38+ per fine ounce.
Valued at $1.38+ per fine ounce or at $1.29+ per fine ounce according to whether the bullion Is held for recolnage of subsidiary
silver coins or for recolnage of standard sliver dollars.
Preliminary.
Lees than $50,000.
Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices^
(In millions of ounces or don****')
Calendar year
or month
Sliver acquisitions by mints and assay offices
Sliver
production In
United States
Newly mined domestic
sliver 2/
Foreign sliver $j
Ounces
191.2
62.1
5.5
•
Uo.o
3.9
.9
.6
.9
.6
19^
21. •
1..9
191.7
191.8
36.1
36.1
3U.6
30.3
36.8
33.0
2.3
19*9
l9l.9-.July
6.0
3.9
•
191.5
19W
iM
5.5
•
1.7.9
55.9
U0.8
35.7
29.3
191.3
31.
.0
M
y
#
k.h
1..9
y
33.3
29.9
30.3
36.8
33.0
27.1.
y
27.1.
August. ..
September
2.9
2.2
3.2
3.0
2.2
2.9
2.8
2.0
3.2
3.0
2.2
2.9
2.8
October.
November.
December.
2.9
3.1
3.2
2.1
1.9
U.o
1.9
1.7
3.6
2.1
1.9
1..0
1.9
1.7
3.6
1950-January .
February.
March
3.0
2.5
3.7
2.0
2.6
2.8
1.8
2.U
2.5
2.0
2.6
2.8
1.8
2.U
2.5
.
.
Source: Annual figures from the Bureau of the Mint. Monthly figures on U. S.
silver production from releasee of the American Bureau of Metal Statiatice;
theee vlll not agree with the annual figures
1/ For information on silver production In other ooun tries, see atttuiaI reports
of the Director of the Mint. Data from 1933 through 19X1 are summarised in
the "Treasury Bulletin" for August 19^3, page 7 *.
2/ Acquired at 6U.6U cents per fine ounce until April 9, 1935; at 71.
cents
per fine ounce from that date until April 23, 1935; at 77.57 oenta per fine
ounce from April 23, 1935, to December 31, 1937; at 6U.6U oenta per fine
1
U
2/
hj
•
y
33.3
29.9
2.0
ounce from December 31, 1937, to July 1, 1939lat 71.11 centapsrfine
ounce from July 1, 1939, to July 2, 19**6; and at 90.5 cents per
fine ounce since July 2, 19^6.
Acquired at various prices averaging approximately 51 cents per
fine ounce.
Includes 0.2 million ounces valued at 71.11 cents per fine ounce
totalling $0.2 million, and 30.1 million ounces valued at 90.5
cents per fine ounce totalling $27.2 million.
Lees than 50,000 ounces or $50,000.
June
WO
1*9
MONETARY STATISTICS.
Table 6.- Seigniorage on Silver
(Cumulative from January 1, 1935
End of calendar
year or month
-
In millions of dollars)
Treasury Bulletin
50
CAPITAL MOVEMENTS,
Data relating to claims on foreigners and liabiliand capital movements between the
reported quarterly by exporters, Importers, and industrial
ties to foreigners,
and commercial concerns in the United States.
United States and foreign countries, have been colleoted
mation was published for the first time in the October 1949
on Treasury Foreign Exohange Forms since 1935. pursuant
issue of the "Treasury Bulletin" and begins with data
monthly,
September 30, 1946. Table 2 supplies
countries on long-term claims on and
foreigners as reported by banks and
United States. This table appeared for
Bulletin".
in the December 1949 issue.
to Executive Order 656O of January 15,
193' ',
1
and Treasury
Information covering the principal
regulations thereunder.
types of data and the principal countries la reported
and is published regularly In the "Treasury
Supplementary information is published at
All reports are made initially
less frequent Intervals.
to the Federal Reserve Banks, which forward consolidated
figures to the Treasury.
The term "foreigners" as used in these reports oovers
all institutions and individuals
(including United States
citizens) domiciled outside the United States.
for
Information by
liabilities to
bankers in the
the first time
Data are for the end of the
calendar year beginning with 194-2. Table 3 gives Information on short-term liabilities to countries not regu-
larly reported separately by banks and bankers. This
table appeared for the first time in the April 195° issue.
The data have been requested at irregular intervals, the
earliest date being October 194-3.
"Short-term"
refers to original maturities of one year or less,
"long-term" refers to all other maturities.
This infor-
and
A detailed
discussion of the reporting coverage, basis of reporting,
The January figures are the first series oomplled
under the revised foreign exohange forms.
"Treasury Bulletin" for April 1950).
(See the
Attention is oalled
and derivation of capital movements figures appeared In
to the fact that although the grand total figures for
the April 1950 Issue of the "Treasury Bulletin", pages 5O-52.
January (final) are reasonably comparable with those
Certain changes In report forms and regulations became
effective with the data for January 1950, which first
Deoember 19^9, data for individual countries in some
appeared in that issue.
Included in these changes was the
discontinuance of reports on outstanding contracts for
forward purchases and sales of foreign exchange.
The supplementary information, now appearing
Section IV, Is presented in three tables, appearing
different times.
Table 1 gives data by countries
short-term claims on and liabilities to foreigners
Instances are not comparable beoause of certain changes
in ooverage and geographical classification.
at
Publication of detailed figures In the various
monthly series relating to capital movements was discontinued between the March 194-2 and the November 19^5
Issues of the "Treasury Bulletin".
Data omitted during
on
that period, however, were published in the November 1945
as
issue and supplement.
as
Section I - Historical Summary
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thousands of dollars; negative figures Indicate a net outflov of capital fron the United States)
Calendar year
or month
for
June 1950
51
CAPITAL MOVEMENTS
Section
I
-
Historical Summary
Table 2.- Short-Tern Claims on and Liabilities to Foreigners
(Position at end of period In thousands of dollars)
Short-term liabilities to foreigners
Short-term claims on foreigners
Payable
In
foreign
currencies
19k2
19»3
19kk
19k5
19k6
2146,673
30,916
257,929
3"»,387
329,69't
392,766
708,253
54,603
k7,k89
98,119
19k7
19k8
19k9
91.8,936
165, ">39
1,018,700
827,85* r
8U7,998
797, k52
819, k8k r
19149-july
August
September.
Ootober.
November.
December.
1*0,629
5,772,009
k,809,2k5
5,209,820
5,073,586
2,257,510
2,k37,751
2,k93,33k
k9,66k
70,389
51,039
6,l67,k83
6,699,260
6,790,105 r
k, 720, 38k
k, 759,289
k, 853 ,288
2,693,578
2, 57k, 278
2,50?,3kl
68,k22
72,908
5k,637
6, 63k, 386
7,ko6,k75
7,kl3,266
7,56l,7kk
7,5k9,3k6
5, 00k, 933
k, 975, 087
2, 50k, 619
7,617,959
5,073,586
5,122,kO0
5,130,960
k, 855, 229
52,192
52.653
51,039
k7,515
k6,007
53,289
5,596,775
6,883,068
6,U8o,262
k, 356, 501
21.5,010
290,1*95
1.90,631
7,116,1419
100,371
110,80k
292,866
361,197
222,719
557,132
k9k,331r
7,717,960
7,617,959
77,8o8
251,8W
227,395
226,971
518,350
k95,395
1*80, 199r
7, 1482,38k
71..662
U9U, §68r
500,653r
»9»,331*
523,122
k73,k85r
W.3,696
7,723,001
7,7k3,380
7,7k7,173
223,826
850, U6l r
131,667
122,615
.
827,851. r
110,801.
282,719
87,230
82,019
8k, 790
Ill4.ll.7l4
1/
668,396 r
7211,826
61.3,702
223,1.10
1/
112,892
115,216
2,521,606
2,k93,33k
2,553,086
2,566,kl3
2,838,655
3,958,716
5,ll6,97k
5,267,081
6,1190,302
6,609,023
6,593,782 r
6,711,283 r
6,702,668 r
6,790,105 r
6,998,175 1/
7, 07k, 98k r
7,103,k71
Preliminary.
Revised
Excludes $6,121 thousand formerly reported for Germany which has been
written Off,
1/
k,9k6,62k
k, 693, 911
13,893
17,911
21,6kl
25,5k6
3,523,328
k,13k,kl2
112, 31k
Set
short- term
liabilities
668,168
1,222,580
1,218,633
1,910,898
l,7k5,722
14,205,389
5,37l.,903
8^,678 r
.
lk3,709
137,16k
169,670
Payable
In
foreign
currencies
of
foreigners
72,0k8
86,378
105, U21
100,267
319,639
.
1950-January .
February p.
March p....
Ds posits
Loans to
foreign
banks
.
.
Payable In dollars
Payable In dollars
End of calendar
Tear or month
Table 3.- Net Movements of Short-Term Banking Funds
(In thousands of dollars; negative figures lndloate a net outflow of capital from the United States)
Short-term claims
Calendar year
or month
1935-kl
19k2
19k3
19kk
19*5
19k6
19k7
19k8
19k9
Total
Ootober.
November.
December.
.
1950-January
February p
March p...,
.
Payable in dollars
In
foreign
currencies
Payabls In dollars
Total
Loans to
foreign
banks
Payabls
In
Deposits
of
fore lgners
foreign
currencies
Hst movement of
short-term
banking
funds
6,1*09
k22,7U
3, 03k, 615
20,671
-lk,330
-19,Ok3
5,15k
60,899
6,5k5
-32,506
-75,3kO
k85,870
1,179,31k
220,359
1,279,375
2,806,001
105,607
620,88k
220,576
583,205
219,372
-k5,k85
-200,136
-66,501
62,801r
-kl8,k22
636,207
601, 5kl
-100,001
-268,85k
115,38k
kOO,575
-136,23k
-16k, 651
190,81*6 r
-50,630
-67,320
65,068
-10,k33
511,788
180, 2kl
55,583
15,083
9,035
20,725
-19,350
-733,909
395,52k
531,777
90,8k5 r
12,k65
50,5k6
-22,032 r
-291
3,lk6
-37,652
10,901
2k,kk5
-155,190
-75,909
6,791
-153, kk2
-956
-119,300
-68,937
-792
k,k86
-18,271
-11*2,725
38,905
93,999
-30,977
3,783 r
18,82k p
-19,353
9,052
11, 811
3,lk5
kl6
691
Ik8,k78
-12,398
68,613
151,6k5
-29,8k6
98,k99
-722
16,987
-28,272
-2,k»5
23,57k
5,211
-2,771
102,12k i/
105,Ok2
22,7kk
3,793
k8,8lk
10,566
-275,731
59,752
13,686
272, 2k2
-3,52k
-1,508
7,282
736,307
97,503
-11,256
-71,765
-63,072
307,187
15,933
-3,k71
-20,216
7,11k
•315,k87
2k0,683
-69,76k
19k9-July
August. ..
September.
1/
p
Payable
Short- term llabllltlss
96,907 i/
5k, 680
2k, 69k
26,773
-68,331
138,k78
l*2k
733
-2,32k
Adjusted for elimination of $6,121 thousand written off; see Table 2.
Preliminary.
1,855
22.955
15,196 r
-Ik, 769
-5,685 r
6,322
-28,791
k8,736
29,789
266,156
385,365
55k, kl2
-3,9k7
692,265
-37,5k2
-5,102
k,0l8
3,730
3,905
1*61
-1,61*
3,770,922
583,373
1,168,058
11*8, 59k
1,216,303
-25,363
-15,2kl r
117,501
-8,615 r
87,k37 r
201, 9k9 1/
77,k2k
28,k87
..
.,
.
Treasury Bulletin
CAPITAL MOVEMENTS.
Section
I
-
Historical Summary
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures Indicate a not outflow of capital from the United States)
Domestic stocks
Calendar year
or month
Sales
1935-M
It30,2lt5
19U2
96,383
151,639
136,853
260,223
19">3
19W»
19»5
19^
367,6119
19"i7
19li8
226,089
369,736
19">9
35l»,085
19>t9-Julj
October.
November .
December.
.
1950-January
February p
March p. ..
.
1/
-1.11,365 1/
Net
purchases
Purchases
396,768 1/
l»92,ltf0
-95,652 1/
75.U88
20,895
16I..218
138,511.
25,701.
19l.,6l6
-1.2,977
21.1,299
171,1.32
-3U.579
-97,1.32
513,558
377,717
70, 7l.lt
2l*5,31U
357,655
170,555
268, 2M.
393,390
Ull.,1.70
681., 213
-269,7113
283,275
330,307
333,592
-1.7,892
to, 080
108,858
67,387
19,192
9,060
20,888
99,798
16,01.1
51, 3^
1.32,109
376,671.
-6k,
Wo
375,303
27,855
20,1»36
28,81.3
31,981.
-3,372
-U,129
38,616
51,*»7
U5.UUU
57,176
-6,828
-5,729
1.8,668
1.7,176
1,1.92
5i»,632
52,386
Ul,65lt
1.9,875
55,668
59,226
2.2U6
-8,221
-3,558
25, • 71
.
81.1,610 1/
Net
purchases
-150,585
-IW.,323
-21,218
20,530
August. .
September.
1/
Domestic bonds
511., 059
9U
31.1.,
805 r
282,1.15
1.30,013 r
-15,673
61,530 r
96,1.21 r
19,753
15,312
It, 1.1.1
16,678
31,770 r
18,261.
-1,586
31,871.
-10li
20,751
17,660
2U.38U
38,959
75,871.
101., 552
January It, 19lt0, through December 31, 19ltl; the breakdown between stocks
and bonds la not available for earlier years
Total
purchases
Total
sales
9,322,066
260,601
392,938
8,695,335
650,1.11
637,91.0
782,119
570,891. r
652,151
781., 098 r
60,610
13li,329
95,2lt2
Net purchases
of domestic
securities
626,731
21lt,002
Ii6,599
365,171
1139,676
751,01i5
27,767
210,735
-113,105
1,116,322
-3311,203
659,9119
8Ult,366
-89,055
-192,215
75,203
708,895
39,628
37,903
U8.025
20,982
-2,387
-7,315
96,1126
>i7,217
58,369
68,125
60,756
80,lt38 r
79,050
3,091
75,383
ow
5,337
51,1.90
117,528
160,220
70,
7lt,259
113,269
98,185
62,035
65,593
r
75.U0
:
i
1,388,
Preliminary.
Revised,
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negative figures Indicate a net outflow of capital from the United States)
Foreign stocks
Calendar year
or month
Foreign bonds
Net
purchases
Net
purchases
1935-ltl
19,791
22,078
19115
511,789
19lt6
65,2117
19W
57,118
81,715
88,815
65,610
te,558
191*
19U8
19U9
227,897
-7,36lt
77,696
88,973
-29,156
3110,863
391,9"t9
2117,367
Ii02,058
U90,1»U6
6311,289
265,1190
211,621
291, Wit
321,2lt3
311, It 70
-79,803
9,773
821,183
715,859
293,336
It,
523
31U.262
372,158
225,289
-17,
Wl
318, 113
3117,269
-363
560
-15,029
755,936
658, 7"tl
96,7ltli
70,788
18,087
-226
1,020
126
18,333
17,861
33,235
111,898
113,lilli
19U9-July
August.. ..
September.
5,31lt
5,51.0
6,160
6,687
5,lU0
6,561
October
November..
December. .
9,279
11,220
13,317
9, "i32
1,361
1,788
70,011
30,989
8,9U
1,1103
1950-January
February
March p.
9,09li
2ll,lt52
355, Wtl
Itl0,058
556,056
676,8lt7
93,li96
-U6.617
265,127
39,012
388,168
382,258
-911,832
lU,63li
9,013
3,983
-80,053
27,800
9,239
2,963
-80,179
23,61i7
2k, 021
39,922
20,038
119,975
l8,lt6o
12,7ltl
51,551
2!l,0lt2
15,012
9,030
79,290
U2,209
37,359
26,378
22,173
23,926
13,'t33
23,868
130,168
89,080
-6,735
2,860
29,722
llt7,011t
->t7,157
55,507
35,323
139,007
102, 37k
-116,867
12,589
13,986
ll,!t55
l,13ll
p,
8,839
5,llt7
17,133
133,028
...
13,58lt
13,29lt
290
H.923
Hot available.
Preliminary.
855,5lt8
3,152,61i0
1016,367
7,918
Net purchases
of foreign
securities
1169,6115
3, "187
lit,
sales
,008,188
220,533
n.a.
23,278
26,601
37,328
Total
7<t,209
19U2
19lt3
Total
purchases
I8,2lt8
52,912
20,036
-5,601
8,007
Juno 1950
53
CAPITAL MOVEMENTS
Section II - Sumnary by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thousands of dollars; negative figures Indicate a net outflow of capital fron the United States)
Country
Treasury Bulletin
5*
CAPITAL MOVEMENTS
Section II
-
Summary by Countries
Table 2.- Net Movement In Brokerage Balances and Long-Term Security Transactions by Foreigners
(In thousands of dollars; negative figures Indicate a net outflow of capital from the United States or net sales by foreigners)
Country
1/
2/
Not reported separately prior to January 1950.
Includes transactions of International organizations such as the
International Monetary Fund and the International Bank.
Preliminary.
Revised.
June
mo
55
CAPITAL MOVEMENTS
Section II - Summary by Countries
Table 3.- Short-Term Claims on and Liabilities to Foreigners
(Position at end of month In thousands of dollars
Country
Treasury Bulletin
56
CAPITAL MOVEMENTS.
Section II
-
Summary by CountrieB
Table 4.- Foreign Debit and Credit Balances in Brokerage Accounts
(Position at end of month In thousands of dollars)
Country
June
mO
57
CAPITAL MOVEMENTS
Section III
- Details for Month of January 1950
Table 1.- Short-Term Claims on Foreigners
(Position at end of month In thousands of dollars)
Country
Treasury Bulletin
5*
CAPITAL MOVEMENTS
Section III
Details for Month of January 1050
Table 2.- Short-Term Liabilities to Foreigners
-
(Position at end of Booth In fto<—Bta of dollar*)
Short-term Uabllltlaa payabls In far»l*D onrrsnolss
Short- tera liabilities payable in dollar*
Total
To foreign banks and official Institutions
short-
Country
To all other foreigners
To foreign
tarm
liabilities
Ds posits
U.S. Trsaa
ury bills
and oertlf-
Dsposlts
loatas
U.S.
ury bills
and osrtlf'
loatss
>**^|Tf
sod
offlolal
Other
To
others
Institution*
Europe*
Austria
Belgian
Czechoelorakla
Denmark
Finland
U*,268
123,89U
17,708
35,218
23,805
k3,3k5
66,829
17,230
23,600
21,891
France
152 ,326
IU9 ,7k0
30 ,317
296 ,7U3
177 ,330
76 kkl
6 ,017
,991
50k
Ik 008
9k, 059
1^6,989
2k,6k5
276,930
lk5,711
211,93k
13k, 2k8
63,k20
10,3k0
23
1,576
1,123
57,083
5,367
3k,266
k,955
7,833
22,335
5,36k
3k,105
k,953
7,579
31,2k5
3,503
96,099
27,kk9
28l,87k
8,798
k86,521
6,023
32,058
k3,000
26,996
20,120
72,k55
19,98k
k,8l0
58,">95
90,569
381,325
8,802
511,315
6,025
39,732
2,k82,322
2,008,501
1,613,781
Germany l/
G roe ce
Italj
Netherlands
arvay
Poland
Portugal
Rumania
Spain
1
Sveden
Svi tier land
507, "»39
U. S. S. R
609,1163
United Kingdom
Yugoslavia
Other Europe
7,082
Total Europe
7,973
52,618
13,k56
11,950
19,891
31,375
9,278
3,000
5,000
3,997
k,933
77k
6,650
2,000
879
56,816
k59
11,609
1,91k
8k5
55,k05
k58
9,318
1,91k
21
1,328
13
83
1
1,78k
507
7k, 536
18,086
l,k37
l,k95
58,029
2,7k5
5,670
19,803
31,575
55,398
2,565
5,555
19,k29
28,722
2,599
32
5*
1
132
19,357
6k9
5,706
1,5*0
6,156
19,061
6k6
5,509
l,5k0
6,098
296
2
9,603
lk,7k9
l,k99
7,121
5,392
103,576
611
k3,892
1,056
18,682
117
10,969
2
553
5,511
12k, lk8
611
60,lk0
1,057
I8,7k9
6k
3
Ik
Ik
268, 8k5
125,875
k33,123
385,672
35,327
12,12k
ko,698
39,799
899
11.5,1191.
2k, 622
3
161
2
25k
k
126
Ilk
2k2
2,8kO
23
13
kk
2k9
19
9
238
6
2
10
kk
kk
201
19
k8
9
221
17
6
2
10
Ik
30
1
1
3
1
17k
19
1
11
9
19
18
1
19
1,67k
292
21
37,560
kk8
55
19
1,966
21
38,008
8
9
1
Canada
919,3s
1*
733,138
178,029
55k, 160
9k9
182,522
163,996
I8,k39
87
3,70k
1,273
2,k31
Latin America:
Argentina
Bollrla
210,1*2
13,911
163,050
5,276
131, 9k0
29,888
76,991
160,188
5,269
121, k69
28,616
76,527
»
2,807
k6,88k
8,633
32,092
27,315
20,333
92
77
»
3k
25
1
1
15
1
1
1,272
k6k
k7,053
8,63k
32,kl2
27,633
20,356
115,78k
19,132
8,182
75,902
250
52,617
16,522
12,892
106,959
52,088
16,522
12,870
100,887
229
3,800
158
1,092
162
878
827
300
l8lt,076
117,126
19,29k
12,860
76,887
6,003
22
69
9,000
5,8kl
5,5kl
300
23,716
51,311
7,892
kk,125
k7,909
30,569
23,550
35,050
7,131
kO,837
k7,607
30,019
100
lk,690
2,5kl
368
221
1,125
k27
k,622
1,872
7
kn
Brat 11
Chile
Colombia
161»,36?
Cuba
Dominican Republic..
Guatemala. ..........
Mexico
Netherlands Vest Indies
and Surinam
169, 7U6
26,501
20,660
11,655
Peru
Republic of Panama ....
El Salrador
Uruguay
Venezuela
Other Latin America...
k8,707
73,807
35,723
62,293
117,357
63,356
2k, 988
2k, 620
22,k92
27,831
17,806
69,301
32,783
22,271
6,206
16,379
6k, 679
28,370
Total Latin America...
1,386,14.3
8k9,173
7&5,2k9
37,30k
26,620
536,kkl
507,359
23,k70
76,875
k6,k25
1,020
735
787
1,669
119
136
33,268
k3,233
k,565
209
5,310
32,607
k2,978
k,220
205
5,225
lko
12,00k
11,509
75,120
k5,638
62,92k
11,860
11,373
37
276
2,219
3,050
3,k56
18,367
l,kl6
k,785
25,389
lk6
12
386
57,522
97,3">7
35,816
25,752
,
10,
20,500
1,000
22
22
298
296
15
1
23
1,270
300
371
66
1,571
761
2,018
2
179
3
230
38
192
3
k
362
lk7
361
lk7
k
k
5,612
829
60k
225
321
25k
263
1
235
k5
353
1
190
3k9
k
5
5
Asia:
China and Manchuria...
Hong Kong
India
Indonesia
Iran
110, lkk
Israel
Japan
Philippines
Thailand
Turkey
Other Asia
20,993
238,766
286,125
2k, 295
11,958
101, k5k
17,926
235, Okk
267,0kk
22,767
7,161
7k, 83k
17,889
231, k93
26k, 825
8,308
7,100
66,291
Total Asia
982,176
836,182
Australia
Belgian Congo
Egypt and AngloEgyptian Sudan
Union of South Africa.
Other
29,781
27,202
Total other countries.
89,893
69,511
12,218
16,819
6k, 593
25
1
82
85
k
k
67
205
112
205
8,000
k63
61
5k3
3,063
3,655
18,876
l,kl£
k,797
25,921
699
699
802,821
26,316
7,Ok5
lkk,313
IW.,898
375
2,0k0
1,681
1,520
25,9k7
26,691
25,130
13,687
817
3,k62
511
2,902
511
515
k5
372
372
13,000
72,779
22,929
57,092
68,325
20,6ok
k9,k33
68,077
20,593
k6,78l
3
1
952
k,k51
2,127
7,229
60
1,700
k,k51
2,188
7,568
192
lk7
137
91
2
137
91
209,783
191,000
17k,268
Ik, TOO
2,032
18,180
17,220
767
193
603
602
International 2/
l,7k2,913
l,7k2,913
352,107
l,3kO,9kl
k 9 ,865
Grand total
7,723,001
6,360,907
3,906,255
2,2k2,266
212,386
1,31k, 579
1,816, lk5
78,378
20,056
k7,515
k3,798
3,275
13,996
k
13
193
509
67
161
Other oountrlest
1/
k
2k8
11
Beginning vlth March 19k7, includes balances in accounts opened by
occupation authorities for foreign trade purposes.
2/
3,717
Includes transactions of International organizations such as the
International Monetary Fund and the International Bank.
June
W50
59
CAPITAL MOVEMENTS
Section III - Details for Month of January 1950
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners
(In thousands of dollars)
Country
Includes transactions of International organizations such as the
International Monetary Fund and the International Bank.
Treasury Bulletin
60
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of March 1950
Table 1.- Short-Term Claims on Foreigners
(Position at end of Booth In thousands of dollars)
Country
Jane
mO
61
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of March 1950
Table 2.- Short-Term Liabilities to Foreigners
(Position at end of Month In thousands of dollars)
Country
62
Treasury Bulletin
CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month of March 1060
Table 3.- Purchases and Sales of Long-Tern Securities by Foreigners
(In thousands of dollars)
Country
Juno
mo
63
CUMULATIVE TABLE OF CONTENTS.
July 1940 through June 1950
6i+
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS.
July 1940 through June 1950 - (Continued)
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
Treas.
HJ
10
.A2
1950
c.2
U.S. Treasury Dept,
Treasury Bulletin
@FedFRASER