Full text of Treasury Bulletin : June 1953

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;niiiiliiiPillifff«lBiilllif^

LIBRARY

^

MS^

^
LIBRARY
ROOM 5030

/^

J UN 9.2 1972

TREASURY DEPARTMENT

miEASUEY.

MUILMFm
JUNE-ia53

UNITED STHTES TREflSURV DEPRRTMENT
OFFICE DF THE

SECRETRRV

Table of Contents

Treasury financing operations

A-1

Summary of Federal fiscal operations

1

Budget receipts and expenditures

2

Trust account and other transactions

S

Treasury cash Income and outgo

12

General Fund of the Treasury

15

Debt outstanding

l6

Statutory debt limitation

21

Debt operations

22

United States savings bonds

27

Treasury savings notes

33

Ownership of Federal securities

3^

Treasury survey of ownership of Federal securities....

j6

Market quotations

^0

Yields of Treasury and corporate bonds

^3

Internal revenue collections

^5

Monetary statistics

^9

Capital movements

53

Cumulative table of contents

67

Note:

In those tables In which figures have been rounded
to a specified unit, all calculations (including
percentages) have been made from unrounded figures.
Consequently the details may not check to the
totals shown.

A-l

June 195)

I

Treasury Financing Operations
June Certificate Offering

and that the notes are utilized extensively
also by corporations for the Investment of other
yesir;

On May 18, 1953. ^^^ Secretary of the Treasury

announced the offering on May 20, of a new Issue of

short-term funds.

one-year 2-5/g percent certificates of Indebtedness.

The certificates were offered to holders of the
11-month 1-7/2 percent certificates maturing on
June 1 and to holders of the 2 percent partially

Treasury savings notes

tax-exempt Treasury bonds of June 15, 1953-55

in all respects except as to maturity and interest

(dated October 7, V)ho) which previously had been
called for redemption on June I5. The maturing
certificates were outstanding in the amount of
$4,963 million and the called bonds In the amount
of $725 million.
Subscriptions to the new certificates totaled $l4-,S5S million, which was 85 percent
of the maturing and called securities.

rate.

The new notes, designated Series
Series

sale since May I5, 1951.

The new certificates,
1,

1953.

B,

replaced

which had been on

The new notes are similar

Their maturity is two years instead of the
three years of the discontinued series.

Interest on the new Series B notes accrues
monthly on the fifteenth calendar day of each month
after the issue date on a graduated scale as follows:

Interest accrual
each month per $1,000

Half-year periods
after month of issue
June

A,

Series B-195l^, are dated

and will bear Interest from that date

at the rate of 2-5/8 percent per annum payable with

the principal at maturity on June 1, 195'^-

They were

First 6 months
7th through 12th month.
13th through iSth month
19th through 2l^th month

$1.80
2.10
2.20
2.30

exchanged par for par for the maturing oertifioates
on

The table on the following page shows for the

June 15, with an Interest adjustment on that date.
Cash subscriptions were not received. The oertlfl-

denomination of $1,000 the monthly tax-payment or
redemption values and approximate Investment yields.

cates were issued in bearer form only, in denomina-

The official circular. No. 922, dated

tions of $1,000, $5,000, $10,000, $100,000, and
Subscription books were closed at the
$1,000,000.
close of business on May 22.

full.

on June

1,

and for the called bonds par for par

Reports to the Treasury on the ownership of
Qovemment securities Indicated that on March 31, 1953.
about 52 percent of the maturing oeptlficates and
about 90 percent of the called bonds were owned by

May 11, 1953.
contains a table showing these data for each denomination, and gives the terms of the offering In

Series B savings notes. If inscribed In the
In payment

name of a Federsd taxpayer, may be used

of Federal income, estate, and gift taxes assessed
against the owner of the notes or his estate at par

reporting commercial banks and Federal Reserve Banks.

and accrued interest, at any time after two months

The ownership figures for March 3I are the latest

from the issue date. If not presented in pajrment
of taxes, and except for notes in the names of
banks that accept demand deposits, Series B notes
will be redeemable for cash at par and accrued
interest at any time after four months from the

published for commercial banks.

Maturing oertifioates were exchanged In the
amount of $'(,410 million, leaving $553 million to
be paid in cash, and the called bonds were exchanged
In the amount of

$'t-U8

million, leaving $277 million

to be paid in cash.

Treasury Savings Notes, Series B

issue date.
If inscribed In the name of a bank
that accepts demand deposits, the notes will be
accepted at par and accrued interest in payment
of taxes, but will be redeemad for cash at or before
maturity only at the purchase price.

The Secretary of the Treasury announced on May 11
that a new series of Treasury savings notes

would be

available for purchase beginning on May I5.

Tax Anticipation Bills Offered
On May 26, the Secretary of the Treasury
invited tenders for $800 million, or thereabouts, of

The announcement recalled that

Treasury

savings

107-day Treasury bills, Tax Anticipation Series.

The

1953, an* will mature
They will be accepted at face

notes are Issued primarily to provide a security in

bills are dated June

which corporations and other taxpayers can Invest,
their tax reserves as they accumulate during the

September 18, 1953.
value In payment of Income and profits taxes due on

lote:

Details of Tnaaury aarket floanclog operations ore
Bhovn elsvwbere in this issue of the 'TneBvrj
Bullettn",
in the tables cm "OfferlngB" and "Dla-

3,

poaltloo', respectlTely, of narketable
notes, aid certificates of lidebtedaesB,
"Offarlnga of Treaatir7 Billa*.

Isauae of bonds,
and In the table

;

Treasury Bulletin

A-2

*o ^^^ extent that they are

Tenders were received on May 29, and were accepted

not presented In payment of taxes due they will be

In the amount of tSOO million at the average rate of

Taxpayers desiring to
apply these bills In payment of September I5, 1953.
income and profits taxes have the privilege of
surrendering them to any Federal Reserve Bank or

discount of 2.3S3 percent.

September I5, 1953>

s'*"^

paid In oaeh at maturity.

Treasury 91-day Bills Increased

New Issues of 91-day Treasury bills during
May totaled $6.0 billion. They refunded the $5.l4-

branch not more than fifteen days before September 15,

billion of weekly bill maturities and In addition

1953. B.ni receiving receipts therefor showing the
face amount of the bills so surrendered.

The offering was for cash with payment

on

provided $600 million cash. Each weekly offering
was for $1.5 billion; and each maturity amounted
to JI.3 billion except that for May

the

lU^, vrtilch

amounted

The average rates of discount on

date of Issue, except that any qualified depositary

to II.5 bllTlon.

could make payment for the bills by credit In Its
Treasury tax and loan account up to any amount for

the new Issues were 2.35? percent for May 7, 2.271
percent for May 1'^, 2.092 percent for May 21, and
2.08k percent for May 28.

which It Is qualified In excess of existing deposits.

—

Treasury Savings Notes of Series B
Tax-Payment or Redemption Values and Investment Yields
The table below shows for each month from Issue date to maturity date the amount of interest accrual;
the principal amount with accrued Interest added, for notes of the $1,000 denomination; the approximate
Investment yield on the par value from Issue date to the 15th of each month following the issue date; and
the approximate Investment yield on the current redemption value from the 15th of the month Indicated to
the maturity date.

Par value

$1,000.00

Amount of Interest accrual eaob
month after Issue month

Tax-payment
or redemption
values during
each monthly
period after
Issue month 1/

Approximate Investment yields
On par value
from Issue
date to beginning of each
monthly period
thereafter
Percent

Interest accrues at rate of $1.80 per month
per $1 000 par amount
First month
Second month
Third month
Fourth month
Fifth month
Sixth month

On current taxpayment or redemption values
from beginning
of each monthly

period to maturity
Percent

,

$1,001.80
1,003.60
1,005,1+0

1,007.20
1,009.00
1,010.80

2.16
2.16
2.16
2.16
2.16
2.16

Interest accrues at rate of $2.10 per month
per $1,000 par amount:
Seventh month
Eighth month
Ninth month
Tenth month
Eleventh month
Twelfth month
Interest accrues at rate of |2.20 per month
per $1,000 par amount:
Thirteenth month
Fourteenth month
Fifteenth month
Sixteenth month
Seventeenth month
Eighteenth month

1,036.60

Interest accrues at rate of $2.30 per month
per $1,000 par amount:
Nineteenth month
Twentieth month
Twenty-first month
Twenty-second month
Twenty-third month

1,038.90
1,041.20
1,043,50
1,045.80
i,oi«.io

2.i+5

1,050.40

2.1+7

Maturity.
Note:
the
one
day
1/ Not

The word "month" as used In this table means
period from and Including the 15th day of any
calendar month to but not Including the 15th
of the next succeeding month.
acceptable In payiaent of taxes until after

1,012.90
1,015.00
1,017.10
1,019.20
1,021.30
1,023.

1,025.60
1,027,80
1,030.00
1,032,20
\,0^k-.kO

2/

2,21
2.25
2.27
2.30
2.31
2.33

2.35
2.38
2.39
2.40
2. in

2.42
2.44
2.46
2.1+7

2.50
2.52
2.56
2.58

2.58
2.59
?.59
2.60
2.61
2.62

2.62
2.63

2.0
2.64
2.65
2.65

2.66
2.66
2.65
2,65
2.65

the second month from Issue date, and not redeemable for cash until after the fourth month
from Issue date.
Approximate Investment yield for entire period
from Issue date to maturity.

June /95J
SUMMAEY OF FEDERAL FISCAL OPERATIONS

.

Irtasury Dulledn
.BUniET KECEIPl'S AND JXPENDITURES

Table 1.- Receipts by Principal Sources
(In mlUlcme of dollars)

Jniw 195)
.BUDGET RECEIPTS AND EXPENDITURES.

Table 3.- Expenditures for National Defense and Related
Activities
(In allllons of dollars)

Fiscal year
or month

V)k^
I9U6

Total

90,501
U8,870
16,812
11,500
12,158

I9I17

191*8
^91*9

1950
1951
195S
1953 (Est.)...
195"* (Eat.)...

2,971

October.
Not ember.
Decanber.

3,723
3,302

.

1953 -January.

lit/

16/

1,690

a/

3,881.

'*,998

4,171

5,1.17

1.,1.12

10

l.,058

l.,110

1

5,757
9,961

3

15,385
17,510

15,865
15,200

10,900
12,000

1,297

1,508
98l
1,560

966
805
961

1,1.68

1,301

916
857

l,55l.

1,03"*

1,211
1,052
1,386

't,08l

February
March ....

3,632
3,501
3,789

1,281.

1,211
1,315
1,293

1,020

1,088

April

3,891

1,285

1,399

1,111.

,

1953 to date..

36,782

12,273

1.72

1,986
270

6,867
15,370 13/

1,31*1.

Reconstruction
Finance
Corporation
11/

15,161

3,506
6,238
12,350 ii/

l,Oi;0

l*,008

Payments
under Aimed
Forces
Leave Act

30,01.7

6,01.6

U6,lt30

1952-July
August...
September

Navy

50,337
27,800
6,911

12,31.6

19,955
39,033

Air Force

328
138

United
States
Maritime
Commission
18/

Surplus
property
disposal

3,227

111.

691.

664
1,501

271
277
136

268
25

Strategic
and
critical
materials
12/

106

325
98

11
99
299

7

1*39

1.1.2

6,305
4,117
554
44

71
225
435

656
847

1

503

1,070
900

1,227

83

30

92
103

40

86
57

42
36

69

38

76
71
93

52

41

781

423

1,078

9,715

52

40
63
41

961.

13,589

Other
20/

Source: See Table 2.
Footnotes at end of Table 5.

Table 4.- Expenditures for International Finance and Aid
(In millions of dollars)

Bretton Woods
Agreements
Act

Fiscal year
or month

1946
1947
1948
1949
1950

727
4,928
4,143
6,016 12/
4,689

1951
1952

4,469
4,917

1953 (Est.)....
1954 (Est.)....
1952 -July

5,799
7,596

159
1,426

Credit

Ooremment

to

and relief
in occupied
areas

GreekTurkish
Assistance

-60
45

514
881
1,333
779

161
279
126

88
25

370
152

65
18

82

49
49

Erport
Import
Bank 21/
568
938
465

September.

-13

October. .
Nov ember.
December.

423
375
371

-10
-5
-30

. .

1953 -January...
February. .

March
April.

1953 to date.

393
468
690

468

Kingdom 22/

2,050
1,700

45

594
596
302

Augxist.

Itaited

92

5
9
4

46

-6

-10
-23

4,680

Source: See Table 2.
Footnotes 1 through 6 on page 2 and 9 through
35 on page 4.
1/ For basis of appropriations, see Table 7. Amounts appropriated are
equivalent to the amounts of taxes collected and deposited for
oldage Insurance. The Social Security Act Amendments of I950
(Public
Law 734), approved August 28, 1950, changed In certain
respects the
basis of transferring the appropriated funds to the
trust fund. Effective January 1, 1951, the old-age insurance taxes on
employers and
employees and the withheld Inccme tax are paid Into the
Treasury in
combined amounts without separation as to type of tax. The
old-age
Insurance tax on self-aiployment Inccme, imposed by Public Law
734
is levied and collected as part of the Individual
Income tax beginning with the taxable year 195I. Beglnnlns January I951,
the amounts
transferred currently as appropriations to the trust fund are
based
on eettmatea of old-age insurance tax receipts made by the
Secretary

8/

134 12/
4,043 12/
3,523

3,006
2,191

193

178
114

Other
26/

Military
assistance 25/

420
170

44
884

2,228

47

5,506 22/
7,397 27/
293
352

58
256
162
105

1
6

la

7

29a
266
275

2

3

122
106
110

3
3

141
143

156

277
316
523

10

3

2

114

366

42

1,377

3,151

5
4

-37

Mutual Security Act 23/
Economic and
technical
assistance 24/

3

9
5
15

37

65

of the Treasury, and are adjusted in later transfers on the basis of
wage and self-employment Incaie records maintained in the Social
Security Administration. For purposes of this table, the amounts
credited to the trust fund beginning January 1951 are considered to
represent estimated receipts of old-age insurance taxes for corresponding periods. Accordingly, these amounts ere included under employment
taxes and excluded from total inccme and profits taxes as shown.
Throughout the calendar year 1951, the same amounts were deducted from
the ccmbined taxes paid In by employers, and the balance was shown as
Inccme tax withheld. Beginning January 1952, the tax on self -employment
inccme is allowed for in the amounts credited to the trust fund, but no
breakdown between the two types of old-age insurance taxes Is available
monthly. Estimates of the breakdown are made on a fiscal year basis
beginning 1952.
Interest on refunds is included in Table 5 under "Miscellaneous"

Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES.

Table 5.- "Other" Expenditures
(In mllllonB of dollars)

Fiscal year
or month

June 195)
.WTGEi RECEIPTS AND EXPENDITURES.
Table 6.- Sununary of Budget Results by Months and Years

Treasury Bulletin
-BUIXJET EECEIPTS

MI

EXPEJfDITUFES.

Table 7.- Social Security Act - Budget Receipts and Expenditures
(In mllllone of dollars)

June 195;
,

BUKET RECEIPTS AND

Table 8.- Railroad Retirement Act

-

EXFEIJDITUEES

Budget Receipts and Expenditures

(In millloDB of dollars)

.,
.
.

.

,

,

Treasury Bulletin
.TRUST ACCOUNT AND OTHJER TRANSACTIONS.

Table 1.- Summary of Trust Account and Other Transactions
(In iLllllaiiB of dollars)

Fiscal year'
or month

Net of
trust account
and other
transactions l/

WtS

Trust accounts J etc.
Net InTestzoents of
Het receipts, or
expenditures (-)

791

7,5W

-52''

W^t?

-1,103

19I18

-a9i»

i9'»9

.U95

3,238
2,619
2,658
1,890

1950
1951
1952

99
679

1953 (Estimated)
195'' (Estlnated)

1952 -July
August
September .

-252

February .
March
April

6,515 i/

3,625
3,857

,276

277

160
387
16

-66
-28
-123

1.6

28

6,950

-1«)2

8

• ll.

3,9'.5

3,557
3,636

-10
-16

-37'.

952

107
27

3, 5^*3

9,08U

5,5'tl

3, '•'•6

-22

13

3,259

9,5't7

6,287

25

-137

-17

266
k03

738
959

'•73

77

556

308
397

1*22

500

'.27

-73

W.

-186
608
131

1^)1

587
367
617

1.81

-10

I.,

975
7U7

-111
272
-197

57"*

286
920

-109

61»9

758

-207

Jt5

IA3

1.88

Actual figures from Dally Treasury Statement; estljnates baaed on
Budget document, released January 9, 1953. For revised estimates
of total budget receipts and expenditures in 195'+ as presented in the
President's tax message to Congress on May 20, 1953, see page 1.
Excess of receipts, or expenditures (-).
Consists of transactions which clear through accounts of the Treasurer
195'.

1/

5,200
3,668
3,362
3,060
2,311

3,821.

1/

3'*6

3/
57

U
-5
-1

21

296

Source:

2/

Not guaranteed

6,669
7,796
8,807

-265

. .

Guaranteed

'.,'.71.

6,21.1.

-5
-6

88

y

-37
-66

50
-68
50

3".9

-3

130
170
100
112

6
-2
-1

131*

-1

51

-35

-11

of the United States, except as noted In footnote U,
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
Beginning 1952, net transactions in Federal Intermediate Credit Bank
Issues are Included even though certain of these transactions do not
clear through the accounts of the Treasurer of the United States.

Table 2.- Trust Account Receipts
(In millions of dollars)

Federal Old-Age
and Survivors
Insurance Trust
Fund

Fiscal year
or month

19'.5
I9I.6

7,036
7,712

19'.7

6,21.1.

191.8
19'.9

1950
1951
1952

Railroad
Retirement
Account

Uhemploymsnt
Trust Fund

1,508
1,280
1,289
1,313
1,173

National Service
Life Insurance
Fund

Life
Insurance
Fund

Government
employees •
retirement
funds 1/

Other trust
funds and
accounts
2/

97

557

103

611.

1,501.

la"*

578

1,038
1,666
792

71.0

90

591.

1,17'*

690

92

680

529

681.

87
86

786

87

809
850
912

'.03

631.

321.

6,515 1/
5,71'.

1,92't

312
323
797
625

2,367

6I.5

1,281

1,076

3, '.11

678
850

1,51.2
1,61*3

3,932

Government

2,127
2,351

l,i»3lt

1,386
1,623
1,807

6,669
7,796
8,807

597

9,03'.

'•,'•35

773

195't

9,5'*7

'1,780

79".

1,553
1,596

631
582

86
8^

970
1,080

738
959

18'.

1.9

55

53

3

363

31

U39

86

328

'.1

3

31*

September .

'.27

2I.9

5U

19

1.0

1

36

28
29

October.
November .
December.

1.01

1.

3"*

'.1

2

31*

17

2

39

29

1952 -July
AuguB t

,

.

975

222
538

.

71.7

'.69

286
920

'.92

61.9

1.1.0

14.3

21.8

,

1953 -January ....

February ...
March. . . ...

AprU

118

13

1.8

85
59
lU
91
53

263
112

28
213
22
67

ll.

Source: 3©e Tatle 1.
1/ Conalets of Civil Sorrlce aad Foreign Service retlpenwnt fucds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, Islazid possessions, Incramsnt resulting from
reduction in the weight of the gold dollar, and through Jun« 1950

X/

36
37
'.1

1.

Uk

3

1.2

3

37

3

26
36
36

,

5''5

1953 (Estimated)
(Estljiiated)

)

public debt securities 2/

-U58

7,086
7,712

Net redemptions , or sales ( of securities of GOTemment
agencies in the market 2/

5,71'*

201

.

In

-281
3,852
3,855

ll'7

1953 -January

Pecelpta

aovemment agencies

Investinents)

19l>6

Oc tober ....
NoTember. .
December.

Expenditures
( other than net

631

37
51
5*

38

seigniorage on silver under the Silver Purchase Act of 193'*. Thereafter
such seigniorage Is included with other seigniorage under budget
receipts
Ercludes Foreign Economic Cooperation Trust Fund (see page 1).

Jnnc 195
-TRUST ACCOUNT AND OTHER TRANSACTIONS

Table 3.- Trust Account Expenditures Other Than Net Investments
(In mllllonfl of dollars; negative figures are eiceea of credits)

Federal Old -Age
and Survlvora
Insurance
Trust Fund

Flecal year
or month

61

222

526 U/

6,950

78lt

3OI1

2,026

,988

111)

3,9''5
'',952

1,569
2,067

321
391

900

611.

l,0i»9

77
82

268
271
300

370
387
kll

1950
1951
1952

y

lUl
152

71
1,11)6

996

fund
accounts
(net) 1/

25
50
67

151

1.28

-1,669

267
323

1,57''

6I.7

1.073

70

2liU

1,23''

372
367
ItlU

96
-19't

-3''6

-360
-106

2,651
3,169

U66
U82

926
977

705
629

82
82

367
381*

670

92
116
71

6k

9
6
6

27
26
28

71

-8

556

179
169

2li

18

129
-U90

5''

6

31
30
31

23
lU

166
-31

111

n't

-192
-136

5, 5''!

(Estimated)

6,287

April

267
358

Deposit

70lt

1953 (Estimated)

,.

2/i/

3'.8

3,821.

February,
March

funds 1/

1,31''

19''9

,

Other
trust funds
and accounts

278

3,625
3,857

1953 -January

Government
employees *
retirement

559
661

19''8

.

Life
Insurance
Fund

869
859

19''7

.

Government

173

i',i>7ii

.

National
Service Life
Insurance
Fund

222

19''6

October,
November,
December.

ment
Trust
Fund

I166

-1*58

1952 -July
AugOB t
September .

Ifaomploj-

128
280
282
302

Wits

195''

Railroad
Betiremont
Account

-73

ao8

39
38
37

587
367
617

221
220
262

38
38
39

296

230
237

39

3116

758

21(7

88

256

''73

It

ha
kg
kg
ki

kg
77

5

''8

5

''3

6

30

ill

38
39

100
9U
110

53

7
7

29

32
56

ko

92

50

8

33

Source: See Table 1.
1/ Conalsta of ClTll Service and Foreign Service Petlrement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, expenditures chargeable against Increment on
gold, and beginning 1950, Mutual Defense Assistance Trust Fund.

kk

i/
kj
5/

32

2111

-30

Eicludee net investments in public debt securities beginning 1951
'' ,
footnotes 3 and k )
( see Table
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
Includes transactions by the Air Force and the Army tegiiuling 1952.

Table 4.- Net Investments of Government Agencies In Public Debt Securities i^
(In millionB of dollars; negative figures are excess of redemptions)

5/

Treasury Bulletin

10
.TRUST ACCOUNT AND OTHKR TRANSACTIOHS-

Table 5.- Federal Old-Age and Survivors Insurance Trust Fund
(In oillllona of dollars)

^

11

June 197)
.Ti?UST ACCOUMT

AND OTHKR TRANSACTIONS.

Table 7.- Unemployment Trust Fund
(In millions of dollare)

Treasury Bulletin

12

.

TREASUHY CASH INCOME AND OUTGO.

Table 1.- Suonary of Cash Transactions
(In millions oX dollaro)

June 195)

13
.TREASURY CASH INCOME AND OITOX).

Table 3.- Derivation of Cash Budf^et Bxpendl tures

11^

Treasury Bulletin
.TREASURY CASH INCOME AND OOTOO.

Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing
(In millions of doUare)

.

Jane

m>
.GENERAL FUND OF THE TREASURY.

Table 1.- Status of the General Fund
(In allllons of dollars)

Bullion, colA, and
currency

£nd of fiscal
year or Bontti

Deposits In Federal
Beserro Banlcs
At ftl labia
funds

Wi*?
19*6

25, U9

19'>1

19*8
19*9

3,730
5,370
3,862

150
160
1,023
1,073
1,022

558
2*3
232
191
219

1,500
1,006
1,202
1,928

1950
1951
1952

5,927
7,871
7,*8l

1,052
1,0*6
1,009

191
176
19*

950
338
333

1951-DwxBlier.

l.,8l6

1,033

173

1952 -July

8,520

181
175
179

lli,708

In process
of collection

Dapoalts In
apaclal
depositaries
1/

othsr
deposlta

Liabilities

and
oollectlons

Balaace In
the General
Fund

22,622
12,993
962
1,773
1,771

289
305
310
283
309

*21
*70
*22
*38
392

1*,238
3,308
*,932
3,*70

323

250
355

3,268
5,680
5,106

380
*8*

*10
51*
512

5,517
7,357
6,969

321

1*6

2,693

**9

521

*,295

638
*96
508

18*

6,027
5,190
5,217

*79
*68
*91

59*

*87
*oi

7,925
6,952
7,156

*,1*5
5,98*
*,368

k85
511
*83

568
519
518

6,175
7,636
6,06*

589
5*0

*38

123
103
1*3

2*, 698

September

7,557

1,010
1,00*
1,001

October.
MoreBber
Deoeaber.

6,7*3
8,155
6,582

1,006
999
1,007

163
162
160

770
396
389

March

6,278
6,56*
7,351

1,002
989
1,002

19*
186
179

811
351
222

17*
**8

3,318
*,376
*,983

*e^
516

**3

5,689
6,02*
6,908

April

*,099

986

169

393

180

1,8

513

517

3,582

Augufit.

7,''39

.

1953 -January
February,,
.

106
161
17*
103

176
350

Source: Dally Treaeury Statement.
1/ On account of withheld taxes and ealea of OoTamBent eecurltlee.

Table 2.- General Fund Balance by Months
(End of month. In mllllonfl of dollars)

Year

Treasury Jballetin

16
.HEHT OUrSTANDIMJ.

Table 1.- Summary of Federal Securities
(

of
fiscal
year or
month

In mlllioos of dollars ]

Matured debt and debt bearing no interest

Interest-Faring debt

Total outatandlug
S^i.

Guaranteed
securi-

Pabllo
de^t

teed
securities

Public
debt

ties
1/

19'>9

259,115
269,898
258,376
252,366
252,79a

258,682
269, *22
258,286
252,292
252,770

1950
1951
1952

257,377
255,251
259,151

1953 (Est.)...
195* (Est.)...

263,968
273,8*3

Debt peaki
Feb. 19*6
1951 -Deo saber..

Public debt

Guaran-

Inter
nAtional
Bank 2/

1/
2,350
1,321
3,179
2,23*
2,012

2,326
1,311
3,173
2,229
2,009

269
376
231
280
2*5

2,150
2,372
2,2**

2,1*8
2,370
2,2*2

265
512
*19

Guaran-

Monetary
Fund 2/

Other
1/

2,057
935
802

teed
securities 1/
(matured)

2*
10
6
5

256,357
268,111
255,113
250,063
250,762

*09
*67

27

256,766
268,578
255,197
250,132
250,785

257,357
255,222
259,105

20
29
*6

255,226
252,879
256,907

255,209
252,852
256,863

17
27

263,900
273,800

68
*3

n.a.
n.a,

n.a.
n.a.

279,76*

279,21*

551

278, *51

277,912

539

1,313

1,301

238

1,063

12

259, *6l

259, *19

*2

257,111

257,070

*0

2,350

2,3*8

*92

1,296

560

2

1952 -Julj
August. .
September

263,107
263,225
262,722

263,073
263,186
262,682

3*
39

260,908
261,060
260,577

33

*0

260,9*0
261,098
260,615

2,166
2,127
2,106

2,165
2,125
2,105

331
319
300

1,288
1,263
1,263

5*6
5W1
5*2

2
2
1

October..
Horember
December.

26*, 96*
267, *83
267, **5

26*, 919
267, *32

262,86*
265,39*
265,3*6

262,820
265,3*5
265,293

*3
53

2,100
2,089
2,100

2,099
2,087
2,098

297
286
30*

1,263
1,263
1,258

539
539
536

1
1

267,391

*5
51
5*

.

267, *50

267,1*02

*8

267,63*

267,58*
26*,*85

50
51

262,1(30

*7
*9
50

2,080
2,096
2,106

2,079
2,09*
2,105

316

1,258
1,277
1,258

535
533
531

1
1

26*, 536

265,323
265, *89
262,380

286

February,
March

265,370
265,538

April

26*, 6*2

26*, 590

262,601

262,550

51

2,0*1

2,0*0

252

1,258

529

W"*?
19lt6

19*7
19*8

1953 -January

.

*33

*76
90
73

83

69
2*

n.a.
n.a.

n.a.
n.a.

38
39
*9

Source: Actual figures frcm Daily Treasury Statement; estimates based on
195* Budget document, released January 9, 1953. For rerieed estimates
of total budget receipts and expenditures ai^ the deficit in 195* as

*16
66
*1

1,72*
1,161
1,063

722
660

1,270
1,283
1,27*
n.a.
n.a.

2*

3

613

2

575
550

2

1
n.a.
n.a.

n.a.
n.a.

1

1

presented In the President's tax message to Congress on May 20, 1953,
see page 1.
Footnotes at end of Table 2.

Table 2.- Net Change In Federal Securities
(Increase, or decrease (-), in millions of dollars)

Total outstanding

Interest-bearing debt

GuaranFiscal year
or month

Public
debt

teed
securities

Public
debt

1/
19*5
19*6
19*7
19*8
19*9

-U,523

1950
1951
1952

56,*89
10,783

Matured debt and debt bearing no Interest

Guaran-

Internatlonal
Bank 2/

'

1/
-1,190

-6,010
*32

57,679
10,7*0
-11,136
-5,99*
*78

*,579
-2,126
3,900

1953 (Est.)...
195* (Eat.)...

56,813
11,75*
-12,997
-5,050
698

-1,107
58
-383
-1*
-*5

782
-1,029
1,858
-9*6
-221

866
-1,01*
1,862

-1.6

55,707
11,812
-13,381
-5,065
653

*,587
-2,135
3,883

-8
10
16

*,**!
-2,3*7
*,028

li.liltS

-2,358
*,011

-7
10
17

138
222
-128

139
222
-128

2*7

*,8l7
9,875

*,795
9,900

22
-25

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

1952 -July
August.
September

3,956
118

3,968

-11

5
1

*,0*5
152

-12

113
-50*

*,03*
157

-503

-*83

-*8*

5
1

-77
-39
-21

-78
-39
-20

-88
-12
-19

Oc tober
November
December.

2,2*3
2,519
-38

2,238
2,513
-*1

6

2,2*9
2,530

2,2**
2,525

6

3

-52

3

-6
-12
11

-6
-12
11

-11

-*9

5

-6
2
1

2*
168
-3,108

30
166

-19
16

-19
16

-18
-2

-3,110

-6
2
1

172

171

.

.

1953 -January

2/

February,
March...,

18*
-3,098

11
182
-3,099

April,.,,

106

105

.

*3

-387
-16

5

Excludes giiaranteed securities held ty the Treasury. The Interest-bearing
deht ahowi here conalets of F. H. A. debentures and C. C. C- demand
obligations; details by Issues appeared In the "Treasury Bulletin" for
August 1951 and In previous Issues; currently the amounts outstanding are
shown each month In the "Treasury Survey of Ownership", Tables 3 and k.
Special notes of the IMltod States lesuod to the International Bank and the
International Monetary Fund In payment of part of the United States subscriptions to these institutions, pursuant to prorlsions of the Bretton Woods

5

Guar an

Public debt

teed
securities

-91*1.

-220

68
108
-1*5
*9
-35

*16

1,72*

-350
-25

-563
-98

20

-*1

207

-93

-66

n.a.
n.a.

Other
2/
798
-1,122
-133
-80
-62

t«ed
securltlea 1/
(matured)
-83
-1*
-3

-2
-1

13
-9

-*7
-38
-26

-1
-1

n.a.
n.a.

n.a.
n.a.

n.a.
n.a.

1*
-25

-li

-2
-2
-2
-1
-2

-ll

18

32

-66

Monetary
Fund 2/

-2

19
-19

-1
-3

-6*

Agreements Act. The notes bear no Interest, are nonnegotlable, and
are payable on demand.
Includes eavlnge stamps, excess profits tax refund bonds, and currency items. For current-month details, see "Statutory Debt
Limitation", Table 2.
Less than $^00,000.
fiot available.

17

June 195)
.DEBT OUrSTANDUi:}.

Table 3.- Interest-Bearing Public Debt
(In BlllioiiA of dollara]

Treasury Bulletin

1«

.DEBT OOTSTAKDHC.

Table 5.- Special Issues to United States Government Investment Accounts
(In alllloiu of dollars

Fedaral
Deposit
Insuraaoe
Corpora-

Knd of fieoal
7«ar or aonth

tion

19'»5

19*6
19*7
1948
19'i9

Toderal
bona
loan
banks

18,812
22,332
27,366
30,211
32,776

97
120
5*9
666

37
117

32,356

liOB

Federal
01d-A«e

Federal

OoTemnent

Saving

and
SnrTlTors
Xnsuranoe
Trust Fund

and Loan
Inauranoe
Corporation

eaployees *
retire

5,308
5,910
7,10*
7,709
9,003

37
*9
62

Goremnsnt

Ufe

ant

Xnstnrance

funds

Fund

Vatlonal
Serrlce
Life
Xnsuranoe
Fund

Postal

Sarins
Systeii

1/

*6*
782

Ballroad
Eetlreaant
Account

Uhsaploy-

Truat
Fund

Other
2/

95

1,863
2,177
2,*60
2,823
3,270

589
68*
1,25*
1,286
1,318

3,187
5,2*0
6,*7*
6,935
7,288

1,628
1,912
1,952

501
657
806
1,37*
1,720

6,7*7
6,699
7,1*2
7,500
7,3*0

1*
12
30
11
7

79
86
79

3,817
*,391
5,01*

1,292
1,300
1,300

5,3*2
5,*36
5,191

1,802
706
552

2,058
2,*1*
2,863

6,616
7,266
7,7*5

6
13
9

7*

1950
1951
1952

3'>,653

808
868
888

119
77

37,739

50

lo,*i8
12,096
1*,0*7

1951-Iiecesb«r.

35,902

862

52

12,791

79

*,756

1,279

5,170

632

2,630

7,629

1952-J<>ly

37,9*5
38,307
38,360

8*0
8*0
8*0

5*
51
50

1*,0*7
1*,1*8
1*,222

52
52
53

5,3**
5,359
5,363

1,300
1,29*
1,29*

5,192
5,178
5,177

522
522
522

2,87*
2,925
2,9*2

7,710
7,92*
7,88*

10
1*
1*

38,390
38,788
39,150

8*3
8**
85*

*6
51

53
5*

5,363
5,366

56

5,370

1,291
1,285
1,285

5,16*
5,16*
5,16*

522
522
520

2,917
2,960
2,980

7,878
8,089
8,123

21
2*

U*

1*,292
1*,*29
1*,73*

39,097
39,302
39,35*
39,*7*

912
90*
895
886

51
50
50

1*,7*6
1*,7T7
1*,918

56
56
56

5,378
5,38*
5,388

i;282
1,280
1,276

5,15*
5,169
5,159

512
*99
*95

2,956
3,008
3,023

8,038
8,159
8,07*

50

15,098

56

5,390

1,272

5,1*9

*95

2,996

8,061

AUffUBt.

.

Septanber
October.
Vorenber.
Decaaibar

1953 -January..
Febraary,
March....

AprU....

Source I Dally Treasury Stataasnt.
1/ Includes Canal Zone Foetal Sarlngs Syetea.
2/ Consists of Adjusted Serrloe Certlfloat* Fvnd, rarloaa koualng Insurance

funds,

Fam

InflurBjlce

Tenant Mortgage Insoraxice Fond, and Tetarans* Special Tenn
Fund.

Table 6.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar eaomts is Billions)

17

U
15
19

19

J
Jane 195

-

..

19

.DEBT OirrSTANDUC

Table 7.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies 1^
(In KilllcmB of dollars)

End of
fiscal
year or
aonth

CcoBiodlty

Credit
Corporation

12,169

W"*?

igW

U,673

V)\i
igus

ll,9i»6

2,789
6,851

19'<9

1950
1951
1952

8,1.23

9,097
9,636

1952 -July.
Aug..
Sept.
Oct..
Nov..
Dec .

9,525
9,581
9,713
10,013
10,2U0
10,606

1953 -Jan..
Feb..

10,709
10,953

Mar..

U,079
n,331

Apr,

Defense
Production
Act 2/

1,591
1,301
510

Export
In^ort
Bank of
Washington

Housing
axvi EoBks

Finance
Administrator hj

Mutual
Security
Agency 5/

Public
Bousing
AdiLlnls-

tratlon

383
360

516
971

Wo

31*7

Reconstruction
Finance
Corporation

^

Rural
Electrification
Admlnletration

Secretary of
Agriculture
6/

Secretary of
the
firay

Tennessee
Valley
Authority

Other
8/

u

9,020
9,205
9,966

57
57
56

1,118

51*

21.1.

100

52

126

100
100

1*9

750
550

1,669

91li

782

362
337

1,856

718
1,015

3,193
2,555
1,970

96i»

1

96I.

31*9

1,'*56

1,281

65

l,OltO

1,579
2,082

1,097
1,150

1*89

271*

1,51*0

111.

655

197

1,751

131

39

1,155
1,172
1,173

685
710
755

222
183
183

1,791
1,791
1,791

118
118
1U8

31*

785
870
935

183
183
183

1,851
1,851
1,851

188
187
217

31*

31.

223
223
223

778

181

158
395

1,088

l,6ii8

It03

1,203

1,701
1,710

32U
332

l,2lt8

l,2Ui

2,087
2,121
2,lU7

1,812
1,922
2,169

336
3U0

l,22li

2,201

1,173

l,211t

2,2li2

1,171*

3l»2

1,19!'

2,283

1,175

2,U01
2, 608
2,763

348

1,1511

1,176
1,180
1,182

31.

21.7

183

171
171

31*

703

1,895
1,895
1,895

11.7

1,150
1,139

2,328
2,361

795

31*5

31.

21*7
21.7

1,185

628

183

1,950

171

31.

270

2,931

3'»3

369

1,139

2,1419
2,1*72

Source: Dally Treaaiiry Statement,
1/ The eecurltles shown In this table were Issued to the Treasury to finance
GoTemment corporations and other agencies, with the Treasury Itself
raising the necessary funds through public debt operations. To aTold
duplication, these securities are not Included in the guaranteed debt
outstanding as shown in preceding tables.
2/ ApproTed September 8, 1950. Securities consist of notes of the Secretary
of the Interior (Defense Minerals Exploration Administration), Reconstruction Finance Corporation, Export-Import Bank of Washington, and the
Administrator of the Defenae Materials Procurement Agency (to whom was
transferred from the Administrator of General Services Administration,
pursuant to ExecutlTe Order 10281 of August 28, 1951, the function of
borrowing from the Treasury under the terms of the act).
3/ Excludes securities Issued under Defense Production Act.
%J For slum clearance program; includes also Federal National Mortgage
Association and prefabricated housing loans program, which were
transferred fran the Reconfltructlon Finance Corporation beginning

'2J

6/
7/
8/

2/

1*1.

31.

31*

31*

107
178

178
178
199

September 1950; and housing loans for educational Institutions, beginning July 1951.
This agency superseded the Economic Cooperation Administration, effective December 30, 1951, pursuant to the Mutual Security Act of 1951
(Public Law 165), approved October 10, 1951, and Executive Order 10300,
of November 1, 1951.
For Farmers* Home Administration progrsjns.
For Natural Fibers Revolving Fund; activities have been terminated.
Consists of notes issued by Federal Farm Mortgage Corporation aM
Home Owners* Loan Corporation prior to I950 and by Virgin Islands
Company in 19I.8-50, and advances under agreement with Veterans*
Administration for direct loan program beginning August 1950. For
detail, see "Treasury Bulletin" issues before March 1951.
Notes outstanding in the amount of $9,365 million, incli*ilj]g interest,
were canceled on June 30, 191.8, pursuant to the Government Corporations
Appropriation Act, I9I.9 (62 Stat. II87).

Treasury Bulletin

20
-DEBT OOTSTANDHG.

Table 8.- Public Debt and Guaranteed Securities Outstanding by Months
(End of month, in nllliona of dollars)

Apr.

May

July
Public debt

1932

Aug.

Sept.

, :

.

21

June i9j}

STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, ae amended,

(

aggregate 5275 billion outstanding at any
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included In the statutory debt limitation

3I U.3.C.

757 b), provides that the face amount of obligations Issued

and the face amount of
under authority of that act,
obligations guaranteed ae to principal and Interest by
the United 3tatee (except guaranteed obligations held by

one

time.

subject to
the owner,
at current

redemption values.

shall not exceed In the

the Secretary of the Treasury),

Table 1.- Status under Limitation, April 30, 1953
(In mllllcms of dolXars)
Maxlmuni amount of securities ^ioh raay be outstanding at ao7 csie time, under llmitatlan Ispoeed t^ the aot
of June 26, 1946 (31 U.S.C. 757 t)

275 000

Amount of securities outetandlng subject to Bvch statutoiy debt limitation:
U. S.

Oovemment securities issued under the Second Liberty Bond Act, as emended

363,984

^

Guaranteed secin*itles (excluding those held by the Troaaux7]
Total amount of securities outstanding subject to statutory debt limitation

261f

Balance Issuable under limitation

Source:

037

10,963

Bureau of the Public Debt,

Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1953
(In mlUlonfl of dollars)

Clafls of

Subject to
statutory debt
limitation

security

Public debt:

Interest-bearing securities;
Maitetable:
Treasury bills
Certificates of Indebtedness
Treasux? notes
Treasury bands - bank eligible
Treasury bands - bank restricted l/...
Postal savings ai^d Panama Canal bands.

19,332
15,959
30,375
63, uu
17,21*9

Total marketable.
Nonmarketable
0. S, savings bonils (current redan^ition value).
Treasury savings notes
Depositary bonds
Treasury bands , investmemt series

Total ncomarketable
Special issues to Cknremmant agencies and trust funds.
Total Interest-bearing securities
Matured securities on >^lcb Interest has ceased
Debt bearing no interest:
Iftiited States savings stamps
Excess profits tax refund bonds
*
,
Special notes of the OnJted States:
Intamatlonal Monetary Fund Series
United States notes (less gold reserve)
Deposits for retlxaoant of national bank and Federal Reserve Bank notes.
Other debt bearing no Interest. «

Total debt bearing no Inter^t
Total public debt

Guaranteed securities:

2/

In teres t -b oaring
Matured

Total guaranteed securities.
Total public debt and guaranteed securities

•

•

Not subject to
statutory debt
limitation

Total
outstanding

22

Treasury Bulletin
.DEBT OPERATIOHS.

Table 1.- Maturity Schedule of Interest-BearlnK Public Marketable Securities
Issued by the United States Government

^

and Outstanding April 30, 1053
(In mlUloDB of dollars)
Amount of maturities

Year
and

Deecrlpticzi of security 2/

month

Filed
maturity
Issues

Callable Issues
classified by
year of:

First
call

Final
maturity

Amount of maturities

Year
and

Description of security 2/

month

ellfilble

Fixed
maturity
Issues

3/

Callable Issues
classified by
year of:
First
call

Final
maturity

1956

1953
May.

Date
bank restricted
Issues
became
bank

Bills

5,lt03

Mar.i

Bills
Bills (Tax Anticipation Series).,.
6/1/53-B
l-7/8lt Certificate Bond
2*
6/15/53-55

1»,9CA

Apr.,

1-1/2)6 Bote -

June.

2-lA)6 Bond

-

6/15/511-56

Sept.

2-3A)6
2-iA)6

-

-

9/15/56-59
9/15/56-59

1-1/2)6 Bote -

10/1/56-H)

July. Bills

"•,963

2)6

Certificate

-

8/15/53-c

2,882

Sept

2i

Bond U/

-

9/15/51-53

7,986

Dec.

2-1/8)6 Bote

-

12/1/53 -A

10,5U2

-

12/l5«l-55

-

6/15/52-5''

Bond
Bond
2-lA)6 Bond
Bond
2)6

5/
2/
2/
5/

-

6/15/52-55

-

12/l5/5a-5i(

Total

l*/l/56-EA

1,007

681

T25

Aug.

2)6

l,Wt9

3/15/56-58

2,003

7,003

2)6

2-1/2)6 Bond -

Oct..

Total

510
5,825
1,501
8,662
It6,li09

:

982
3,822
550

1,557

6,253

681

1957
Mar.

2-3/8)6 Bond -

927

3/15/57-59

Apr.

1-1/2)6 Bote

-

U/I/57-EA

Oct.

1-1/2)6 Bote -

10/1/57-33

531

16,''99

Total

1,355

927

1958
Mar..

2-1/2)6 Bond -

3/15/56-58

Apr..

1-1/2)6 Bote -

lt/l/58-EA

June.

2-3/8* Bond
2-3A* Bond

-

6/15/58
6/15/58-63

Dec..

2-1/2)6 Bond -

12/15/58

l,ltJt9

26

195't

Feb.. Z-l/hi Cartiflcate

2/15/5't-A

8,114

Mar,

1-3/8^ Bote

3/l5/5l»-A

"•,675

June.

2)6

Dec.

Bond

6/15/52-5U

2-l/U)6 Bond

6/l5/5't-56

Bond

12/15/52-5't

2)6

Total

5,ee5

Total

681

681

llt,1.87

2-3/8)6 Bond -

3/15/57-59

June.

2-lA)6 Bond -

6/15/59-62

Sept.

2-3A*

Bond
2.lA)6 Bond

-

-

9/15/56-59
9/15/56-59

2-lA*

-

12/15/59-62

Bond

Total
1-1/2* Bote
2-7/8)6 Bond

3/15/55-A
3/15/55-60

June. 2-1 A* Bond

6/15/52-55

1,501

12/15/51-55
32/15/55-B

510

Bond
2*
l-i/ki Hots
Total.

Footnotes at end of tabXe.

919
620
It,

1959
Mar..

1955

Deo.

21*5

891

919

l,Ut9

8.662

12,789

Dec..

Mar.

It,

927

5,280
982
3,822
3,1167

8,7^7

5,731

5,365

2,611
Mar.

2-7/8)6 Bond -

2-3A)6 Bond

6,85U

12,219

i960

2, 611

2,011

Total

(Continued on follovlng page)

-

2,611

3/15/55-60

12/15/60-65

l,lt85

l,'t85

2,611

.

.

mne

23

195)
.DEBT OPERATIONS.

Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government

and Outstanding April 30, 1953^- (Continued)
(In millions of dollars)

Amount of maturities

Year
and

Description of security 2/

mcn'tb

?Uced
maturity
Issues

Callable Issues
classified by
year of!

First
call

Final
maturity

Date
bank restricted
Issues
become
ban]c

Year
and
month

Filed
maturity
Issues

2/

Callable issues
classified by
year of:
First
call

Final
maturity

Date
bank restricted
issues
bank
eligible

i/

1967

Panama Canal bond

3*

-

6/1/6I

2-1/2* Bond
a -1/2* Bond

-

6/15/62-67.
6/15/67-72.

1,895

Sept.

2-1/2* Bond

-

9/15/67-72.

2,716

Dec

2-1/2* Bond

-

12/15/67-72,

3,831*

June.

50

196g

June.

Description of security 2/

eligible

1961
June.

Amount of maturities

Total

2-lA* Bond

-

2-1/2* Bond

-

6/l5/59-6a.
6/15/68-67.

2-lA* Bond

-

12/15/59-62.

8,1*5

6/15/62

12/15/62

2,117

5,280

2,117
3,'»67

2,U7

Total

2,117

1968

8,7^7

Dec.

12/15/63-68.

2,828

-

6/l5/61t-69,

3,757

-

12/l5/6lt-69,

3,833

2-1/2* Bond

-

2-1/2* Bond
2-1/2* Bond

1963

June.

2 -3

A*

Bond

-

2-l/2)t Bond

-

1969

919

6/15/58-63.

June.
Dec..,

I2/15/63-68.

2,828
2,828

Total

Total

,

7,590

1970

196lt

June.

9/15/53

919

2-1/2* Bond

-

6/l5/61t-69.

3,757

2-1/2* Bond

-

J2/l^/St-69.

3,833

,

7,590

Total

2-1/2* Bond

-

3/15/65-70

"t,723

2/1/54

2-1/2* Bond

-

3/15/66-71

2,96U

12/1/54

June.

2-1/2* Bond

-

6/15/67-72

1,895

6/15/62

Sept,

2-1/2* Bond

-

9/15/67-72

2,716

Dec..

2-1/2* Bond

-

12/15/67-72

3,83".

Mar..

9/15/53

1971
Mar..

1965
Mar.

2-1/2* Bond

2-3A*

Bond

-

-

3/15/65-70

l,lt85

12/15/60-65,

Total

2/1/54

lt,T23

"1,723

l.W?

1972

12/15/62

1966
Mar.

2-1/2* Bond

-

3/15/66-71

2,96k

Total

12/1/54

Source: Daily Treasury Statement and Bureau of the Public Debt.
1/ Excludes postal savings bonds
2/ It should be noted that callable Issues appear twice in this column,
once in the year of first call and again In the year of final maturity. Callable issues vith respect to which a definite notice of
call has been made, howeTer, are listed bb fixed maturities. For
date of issue of each security, see "Market Quotations"; for tax
status , see "Treasury Surrey of Ownership"

^
hj

8,W5

Bank restricted Issues may not be acquired by coimaorclal banks (vlth
minor exceptions) prior to specified dates; see "Debt Outstanding",
Ta]>le 3, footnote 1.
nature on
Hot called for redemption on March 15, 1953. Will
September 15, 1953.
..^
^,
on ,
four months'
Not called for redemption on June 15, 1953. Callable
payment date.
notice on December 15, 1953, succeedUag interest

,

5/

Treasury Bulletin

24

.VEBI OFQIATIONS.

Table 2.- Offerings of Treasury Bills

Jane 1951

25

DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
I>at«

aubacrlptlon

Treasury Bulletin

26

.DEBT OPKRATIONS.

Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness

K

27

June /957
.UNITED

ST^ffiES

United States savings bonds were first offered In
March 1935 and began to mature In Maroh l^k^. Series A-D
were sold between March 1935 and the end of April igl+l,
and Series

E,

F,

and

were first offered In May igiH.

When Series E began to mature on May

1,

SAVUfOS BONDS.
and K, also at

bond,

Series

hl^er Interest
H,

rates.
A new current-Income
similar In Interest return to Series E,

was offered beginning Junel. For details of these changes
see "Treasury Bulletin" for May 1952,

cage A-1.

1951, owners of the

matured bonds were offered three options:

To redeem the
bonds In cash In accordance with the original terms; to

In the tables which follow,

Series A-F and J sales

are shown at Issue price and total redemptions and amounts

retain them with an extended maturity of 10 years at

outstanding at current redemption values.

specified rates of Interest accrual; or to exchange them

are shown at face value throughout.

for Series
May

1,

bonds.

A number of changes became effective

1952, The principal ones were:

accrual on Series E was Increased,

The rate of Interest

especially for the near

term, with corresponding changes In extended Series E;

Series F and

were replaced by two new issues,

and

Series J

Table 1.- Sales and Redemptlone by Series, Cumulative through April 30, 1053
(Dollar amotoits In mlUlons)

Seriee

Series

0,

H

,

and

Matured bonds which
have been redeemed are Included In redemptions.
Data by
denominations and sales by States are published on a
monthly basis but not In each Issue of the "Treasury
Bulletin".

Ireasury bulletin

2«

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and RedemptlonB by Periods, Series E through K
(Dollar amounts tn mllllona)

Accrued
discount

Pedemptlons 3/

Sales plus
accrued
discount

Sales
price

Accrued
discount

Amount outstanding (Interestbearing debt)

Monthly redemptlona
as percent of amount
outstanding

Series E and H combined

Fiscal years:
IJItl-WltS

35
118
265

191*8
191*9

12,001
11,820
11,553
6,739
It, 287
I*, 026
I*, 278

1950
1951
1952

3,993
3,272
3,296

895
1,035
1,111

U,887

191,1-191,3

17, '•78

W"*"*

80
182
353

17,558
12,562
10,175

igiie

12,380
9,822
U,U66

1*93

579
696
818
971
1,080
1,120

19'*'*

19'*5
19'*6

19'>1

12,035
11,938
11,818

71,9

71*8

1

2,100

2,095
3,825

5

3,81*6

1*31*

7,173

5,912

5,81*3

536
633

It,

821*

'*,391

I*,

659
5,032

3,eB5
3,530
3,521

753

It,

l.,307
l*,l*07

1*,295
l*,008

20
69

288
3,689
3.368
3,326
3,987
3

11,287
21,125
29,097
30,358
30,791
31,625
33,127

103
136
162
195

583

3lt,lt9lt

307

311,506

I*S5

3"*,

905

Calendar years;

19^5
w"*?

l*,085

13'*8

I*, 221*

19't9

1*,208

1950
1951
1952

3,668
3,190
3,575

Months I
1952 -July
AuguB t
September
,

.

.

Oc tober
November
December,
.

.

1953 -January

1,601
3,005

1,598
2,993

2
11

963

'*,925

38

'*,959

5,1*23

l*,661t

3,930
3,728

5,330
3,813
3,575

116

5,025

3,1*1*8

3,271*

171*

15,957
25,515
30,727
30,263
30,997
32,188
33,766

lt,639

3,912
It, 036
It, 098

3,667
3,688
3,622

21*5

3'*,'*93

31*8

U76

3l*,T27
35,321*

377
319
337

331*

It It

3't,950

1.08

279
299

1*0

35,019
35,055

.91
.96
.93

'*,920

1*,270
lt,69l*

316
309
290

107
78

310
271

76
91
123

386
362
1.8
51*8
l*te

331*

83

1*22

387
373

1*56

It,

281*

1*1

239
299

33

35,116
35,206

39

35,3211

320
251 P
308 p

1*1

319 P

February,
March ,

362

397

81*

1*81

361
296
35^

April..,,

351

78

U29

361

.

.

1*1*1

38

325
272
338

108
80

.

93
15l»

.77
.96

1,02

1*5

p

35,511
35,657

Ii6

p

35,78lt

.99

1,3

p

35,852

1.01

.83

Series F, C, J, and K ccmblned

Fiscal years:
6,ltlt6

191*1 -191*3
19ltl*
'..

191*5
191*6
191*7

191*8
191*9

1950
1951
1952

3,678
3,337
2,873
2,920
2,209
2,863
1,680
1,871
629

3
9

6,1*1.8

90
96

3,687
3,356
2,905
2,968
2,270
2,935
1,763
1,961
726

7,91*6
3,661t

6
13

7,952
3,678

3,115
2,962
2,609
3,071
1,626

25

3,11*0

1*0

3,002
2,663
3,139

19
33
1*7

61
73
83

87
192
310

87
191
309

1*97

I.9I.

3

672
772
835
821

666

6
9
12

6,362
9,857
12,903
15,312
17,608
19,105
21,205

807

11.

22,11.7

1,01*2

,021

1,012

990

21
21

23,066
22,780

1

76I.

823

Calendar years:
19l*l-19'*3
191*1*

191*5
191*6
191*7

191*8
191*9

1950
1951
1952
Months

51*

163

162

259
370
615
715

258
368
611
708

2,lt06

67
78
87

770
586

93

863

100

686

815
905
1,093
929

52

11*

66

87

1*7

6
6

53

77
76

7
7
12

1*5

78
58
50
39

1,701*
2,1*93

81.0

1
1
1.

829
803

888
1,071
908

7,789
11,208
13,979
16,366

7

18,311*

11
12
17
22

20,613
21,501
23,089
22,859
22,616

21

:

1952 -July
Augiis t ,

,

September

39

Oc tober

38

.

November
December
1953 -January
February.

32
1*2
61*

Harch

fa

15
6
7

April,.,.

31

7

.

Footnotes at end of Table U,

1*6

39
53

85
75
75

2
2

69

22,759

.38

22,731*
22,701*

,31*

22,678

80

2
2
2

22,616

.31
.32
.36

72
70

70

2

68 p

7l»

72

P

2 P
2 P

22,623
22,611
22,587

.33

61.

62 p

2 P

22,561

.28

70
72
82

2

70

(Continued on following page)

22,61*5

.3"*

.32

.31

June 19^)

29

.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series B through K - (Continued)

Treasury Bulletin

30

.UNITKD STAEES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E throu^ K - (Continued)
(In mlUlona of dollars)

Accrued
dlacount

Bedemptionfi

Sales plus
accrued
discount

Amount out3tandlne (interestbearing debt)

Accrued
discount

Sales
price

Series F 5/
Fiscal yeare:
19)41 and 19li2.

502

502
760
811
698

3

3

1*99

17
58
89

17
57
88

1,21*2

1

2,601*

1*1*0

ll*9

11*7

3

2,895
3,099
3,255
3,58U
3,699
3,889
3,853

igits

753
802
679

igitfi

1*07

2
9
19
33

igitT
19lt8

360
301

47
61

1*07

igiig

1*73

51*5

1950
1951
1952

231

73
83

311.

203
206
216
199

31*7

90

1*37

21*8

97

96.

193

229

860
7U5
773
595
325

2
13

7
35
77
106
189
203
222
202
223
259
190

19'»3

igWt

362

1,996

6

197
198

9
12

201*

185
227

11*

21
21

Calendar years:
I9IH and 191*2.
191*3

I9W
19^5
19U6

,

121*

93

861
750
786
621
365
396
566
311
503
217

1.6

100

11*6

1*

25
1*0

191*7

31*2

51*

I9h6

1*98

19'*9

233

67
78
87

1950..
1951
1952

1*17

,

851*

7
35
77

1,569
2,278
2,793
2,969
3,162
3,505
3,615
3,895
3,853
3,809

1

lol*

1

185
196

I*

7

2U

U

189
206
237
169

12

17
22

21

Hon the I
1952 -Jnly
August.

18
17
16

16
15

Ik
16
16

12

V

15
6
7

15
6
7

lU

U

11*

12

1

7

7

12

9

I

11*

11*

.

6

Septenber

6

6
6

Ootober..
SoreBber
Decenbar

7
7
12

Hsroh
April

,

.

.
.

1953 -January. .
February..

7
7

11*

3,81*9

3,838
3,829

11*

3,322
3,813
3,309

11*

lU
12

1

P
P

3,310
3,802
3,795

2 P

3,790

Series J 6/

Fiscal yeari
1952

2U

21*

21*

83

83

83

9

9
11
9

liU

10
9
11

63
72
83

Calendar year:
1952

Months
1952 -July
August.

U

.

September

9

Oc tober .
November
December.

10

1953 -January
February.

16
13
11

9

11

.

March
April....

Footnotes at end of Table

1*

33
53

16

98

11*

12

111
123

10

133

(Continued on follovlng page)

31

June 19 J J
.UWITKI) STATES SATHCrS BOKDS.

Table 3.- Sales and ItedenptlmiB by Periods^ Series B through K - (Continued)
(In aUlions of dollars)

Period

Sales 2/

Aooruad
disoouQt

Sales plus
accrued
discount
Series G 5/

191*1

and

191*2

Bedea^tlons
Sales
prloe

Aoorued
discount

Jteoxmt outstanding (intoorest-

bearlng debt)

Treasury Bulletin

32

.UNITED STATES SAVUGS BOHDS.

Table 4.- Redenptlone of Matured and Unmatured Savings Bends
(In

al111<iiiii

of lollan)

Matured boDAd
Period. 1/

Fleoal yearei
1951
195S

Total
natorsd

6.137
5,109

Serlaa
A-D

Tbmatured booda §/

For
cash

817
798

779
90

38

37

70a

69>.

987
582
^1

230
968

ait5

962

86
79
81.

In aToh wnga
for Serlaa
or E

Total
unmatured

Salee
prioe

Accrued
diacount

5,320
317

H,996

321.

It,

H,0l.6

271

l.,853

l.,5«

l.,879

1>,571

U,059

3,806

270
308
253

378
316
338

351.

2l|

295
317

21
21

311
275
333

289
258
315

21
17
19

Calapdar yearei
5,910
5,651

987

1951
1952

5,071.

1,015

i>6e

90

399

83

111?

78

86
80
76

398

88
71
88

85
69
87

101
112
107

W9

MBrsh

369
U30

1^

105

lOl.

257
323

238
302

21

April

U27

106

10l»

lou

321

303

18

1930

772

Mod thai
195S-July
August .
Septeaber.
.

October.
Horeaber
Deceuber

.

.

.

h22

.

1953 -January..
Februai7,,
-

"•35

Source: Dally Troasuiy Stataiient.
1/ Details by serisa co a cumulative basis and by periods for Series A-L
ccBubined vlll be found In the February 1952 and prerlous issues of the
"Treasury Bulletin"
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning Hay 1951 and for Series K bonds beginning May 1952.
Includes both matured and unmatured bonds; see Table U.

^

75

69
86

98

98

i

18

331.

Salee began June 1, 19^ •
Salee vere dleccntlnuad after April 30, 1952 •
Sales began May 1, 1952.
Ccorparable data are not available prior to Januai7 1950.
Includes redaaptlooB not yet classified.
Less than $500,000,
Preliminary,

19

33

June 19^)
.TREASUHY SAVIHCrS NOTES.
Treasury tax and savings notes have been iBBued ae
Tax Series A from August 1, l^kl, through

respect to the offering of the earlier series was published

1941, through

the 'Annual Report of the Secretary of the Treasury" for

follows:
June 22,

I9U3; Tax Series B from August 1,

September 12, 1942; Savings Series C (originally designated

Tax Series C

)

currently in the "Treasury Bulletin", and appears also In

appropriate years.

from September l4, 191*2, throu^ August 3I, \3^i;

Savings Series D from September l.igUg, through May

Savings Series A from May I5, I95I, through May

l"*,

1"+,

1951;

1953; «nd

Savings Series B beginning on May 15, 1953.

Details concerning terms and conditions for purchase

and redemption and Information on Investment yields of

Savings Series, B appear In the present Issue of the
Similar Information with
"Treasury Bulletin", page A-1.

In the following tables sales and redemptions of
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
outstanding are reflected In the Interest-bearing debt
until all notes of the series have matured, when they
are transferred to matured debt upon which Interest has
ceased.

Table 1.- Sales and Redemptions by Series, Cumulative through April 30, 1953
(In mllliona of dollare)

3'+

Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.

Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
tin milllonfl of dollars J

June

my

35

.OWHEKSHIP OF FEDERAL SECURITIES.

Table 3.- Estimated Ownership of Federal Securities

36

Treasury Bulletin
.TREASUHY SURVEY OF OWNEFSHIP, MABCH 31, 1953

The Treasury Survey of Ownership covers securities
issued by the United States Oovernment and by Federal
agencies.
The banks and insurance companies included
the Survey account for approximately 95 percent of
such securities held by all banks and insurance companies
in

Data were first published for
in the May iglH "Treasury Bulletin".

In the United States.

March

3I,

ig^H,

Section

I

-

Information on the distribution of ownership by types
of banks and insurance companies is published each month.

Additional information showing the holdings of commercial
banks distributed according to Federal Reserve member

bank classes and nonmember banks is published for June 30
and December 3I.

Securities Issued or Guaranteed by the United States GoTemment
Table 1.- Summary of All Securities
(Par Taluee - In mUllans of dollars)

.

June i95J

37

.TREASUPY SURVEY OF OWNERSHIP, MARCH 31, 1953

Section

I

-

Securities Issued or Guaranteed by the United States Governaient

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - In millions of dollars)

Treasury Bulletin

3«

.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1953

Section

I

-

Securities Issued or Guaranteed by the United States Governinent

Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par Taluea

-

1a «l^T^^/>nl of dolXaiB)

-

(Continued)

39

June i95J
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1953,

Section

II

-

Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Governinent
(Par values

-

In mllllonfl of dollars)

Ireasury Bulletin

1+0

.MARFOET QTOTATIOHS OH TREASURJ SECUEITIES, APRIL 30, 1953

Current market quotatlonB shown here are over-the-

oounter oloelng bid quotatlone In the New York market
for the last trading day of the month, as reported to
the Treasury ty the Federal Reserve Bank of New York.

The securities listed Include all public marketable

securities Issued by the United States Oovernment
except Panama Canal bonds. Outstanding Issues which
are guaranteed by the United States Government are

the market.

Quotatlone on public marketable securities

Issued by Federal agenolee but not guaranteed by the

United States Government were discontinued after
March 1953. The Treasury Department publication
"Prices and Yields of Public Marketable Securities
Issued by the United States Oovemment and by Federal
Agencies", which carried dally quotations for each
month, was discontinued after Pebniary 1953.

excluded because they are not regularly quoted In

Table 1.- Treasury Bllla (Taxable)
Amount

)

1+1

June 195>
.MARKET QUDTATIONS OH THEASURI SECUIOTIES, APEIL 30, 1953

Table 3.- Other Taxable Issues
(Price decimals are 32nti3

(Continued)

Treasury Bulletin

1^2

.MARKET QTOTATIOMS OR TFEASURT SECUKETIES, APRIL 30, I953

ro
10
0>

O
ro
of
a.

<
UJ

t

^

a: .9

=>£

Oo
UJ =
a:
(/)

«

UJ

S

o
<
UJO

J o

<
X
<

o
_l
LJ
>-

(IJ

J

.

June 195

^3
.AVERAGE YIELDS OF LONG-TEIW BOMDS-

Table !•- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)

boiidB

Moody's Aaa
corporate
bonds

1/2/

i/

Taifttle
Tr&Qflury

Taxable
Troaaury
bands

Annual aeries
igte

- calenjcLar

19^*8,

2.1*4

19''9,

2.31
2.32
2.57
2.68

V^l

2.U7
2.U8
2.3T
2.19
2.25

19l*9-Jan.

2,1*2

Feb.
Mar.
Apr.
May.
June

2,39
2,38
2,38
2,38
2.38
2,27

19"*
19l»5

iglt^

1950,
1951.
1952.

From 12 to
20 years

20 yeare
and after

Moody's Aaa
corporate
bonds

a/

year areraeog of monthly aerlea

2.1*6

'i.'^l

Taxable l^easuzy bondB,
due or callable - i/

Moody's Aaa
corporate
bondB

2.82
2.66
2,62
2.86
2,96

2.61

Monthly eeriee - aTeragee of dally aerlea

July,

Aug.
Sept,
Oct.,
Not,,
Dec,,

2, Si*
2,22

2,22
2,20
2,19

1950 -Jan,,

2.20

Feb,,
Mar,,
Apr,,
May.,
June,
July,
Aug..
Sept,
Oct.,
Not..
Sec.,

2.21*

1951-Jan.,
Feb..
Mar.,

2.27
2.30
2.31
2.33
2,31*

2.33
2,36
2,38
2.38
2.39

2.39
2.1*0

2.1*7

2.71
2.71
2.70
2.70
2.71
2.71
2,67
2,62
2,60
2,61
2,60

2,58
2,57
2.58
2.58
2.60
2.61
2.62
2.65
2. 61
2.61*

2.67
2.67
2,67
2,66
2.66
2.78

1951-Apr,,,
May,,,
June..
July,,
Aug,..
Sept.,
Oct...
Hot.,,
Dec,..

2.56
2.63
2.65
2,63
2,57
2,56
2,61
2,66
2,70

1952 -Jan...
Feb...
Mar...
Apr. .
May...
June.,
July,,
Aug...
Sept.,
Oct...
Not...
Dec...

2,71*

1953-Jan...
Feb...
Mar...

2,87
2,88
2,91*
2,91*

2,88
2.81*

2,89
2,96
3.01

2,71
2.70
2.61*

2.57
2,61
2.61
2.70
2.71

U/

2.98
2.93
2,96
2,93
2,93
2,91*

2.95
2.91*

2.71
2.75

2.95
3.01
2.98
2.97

2,80
2,83
2,89

3,02
3.07
3.12

2,71*

1953-'Apr.

2.97

3,21*

3,23

kk

Treasury Bulletin
.AVEE/CE YIELDS OF LONG-TEFM B0NI6.

o
CM
CM

t

)

"^5

June 195J
.IMTERNAL EEVENUE COLI«?riONS.

Table 1.- Sununary by Principal Sourcee
(

In tibousaodB of dollars

^

Treasury Bulletin
HJTEENAL REVENUE COLLECTIONS.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

938

40

'42

'44

^1

June 191)
.IMTERMAL REVENUE COLLBCTIOHS.

Table 2.- Detail of Collections by Type of Tax
(In thouBands of dollars)

Tenth month of
fiscal year

First 10 nonths of
fiscal year

Fiscal year
Type of tai
1951

1952

Cojrporatlon Incosae and profits taxes 2/

14,387,569

21,1*66,910

iDdlTldnnl Inccme taj and employinant taiee:
Tnfnwm tSI HOt Withheld ^.,
Income tajc withhold and old-age iosinrance U/*............. ....
Railroad retirecoficit
IManploymesit litsursnce
...•.....•.•..

9,907,539
15,900,519
579,778
236,952

U,5l*5,o6o
21,313,072
620,622
259,616

Total Individual Inccme tax and ooploynant taxes...... ........

26,621*, 788

1952
(April 1952)

1953

1952

1953
(April 1953)

15,'*57,g'*3

15,552,21*2

1,277,897

654,130

1,666,826
3,084
4,825

85l*,692

9,81*5,886

10,015,97'*

16,650,978

19,703,153

1*67,030
21*2,361

255,167

1,583,272
1,330,292
3,544
3,412

33,738,370

27,206,255

30,1*53,019

2,920,520

2,529,427

638,523

750,591

625,369

665,766

72,194

74,153

91,207

82,556

79, 95"*

103,53"*

15,325

10,221

172,362

187,1*79
1,1*02,220

158,561

171,510

l,57't,'t72

1,17'*,3'*0

1,361*, 910

38,053
3,738
63,516

31,812
3,753
68,621

26,800

27,339
3,335

15,568
137,093
2,875
315
7,136
139
2
106
1,096
80
65,979
59

1*78,726

Miscellaneous Internal rervaiua:

Estate tax..

Gift tax

,

Liquor taiee:
DlBtllled spirits (lniported, excise)
DlBtHled spirits (dcsoeetlCj excise)
Distilled spirits, rectlf Icatlcn tax...
Winee, cordials, etc. (In^forted, excise)..
..•...<
Wines, cordials, etc. (domaetic, excise).......
Dealers in distilled spirits; rectifiers; manufacturers
of Btille (special taxes)
Stamps for distilled spirits intended for export
Case stazops for distilled spirits bottled in hand
Container stamps ......•.•.•..•....•••....
Floor taxes
......•••...•.•.•...........•.•.••.
Femisnted malt liquors .•...•.•••.•...•.•.••.••••...•.•..•.
Brewers; dealers in malt liquors (special taxes)
<

,

,

,

Total liquor taxes
Tobacco taxes:
Cigars (large)
•....
,
Clears (small)
,
Cigarettes (large)
•
Cigarettes ( omaU.)
....•.,...•.•...•.•.•............•.
Snuff
Tobacco (cheving and smolrlng)
Cigarette papers and tubes....
......•.•.•.•••.•-••.
Leaf dealer penalties, etc
.....••••.••••.
Cigarette and cigar floor taxes

,

,

Total tobacco taxes

57,921

61*,

132

14,341
120,857
2,487
298
5,927
133
3

3,201*

9,161

15,21*9

11,1*69

12,71*1

12

28

26

1,090

1,087
10,239
89,571*

27,931*

665,009

1,285
12,080
99,262
722,150

22
859
11,053

5,11*8

586,207
3,881

627,198

lt,1.62

1*,076

1,034
2,549
62,573
77

2,51*6,807

2,51*9,088

2,125,308

2,315,108

210,411

230,1*48

1A,220
56

37,105

38,1*68

3,759

3,956

1*0

1*0

5

9

7

1,203,051

1,333,098
3,183

2
129,022

l'i,921

12

1

760
50
12
1,1*7!*, 060
1,796
22,817
913
2
17,752

1,380,396

1,565,162

8lt,78U

77,556
7,353
86

7

1,293,966
7,235
33,870
i,oin
1

1*1*,

'*,157

134

351
1,457
1

1*

•
126,909
359
1,530
71

19,778
563
1
17,838

l'*,373

1,282, 5'*3

1,389,765

134,691*

132,831

61,118
6,398
67_

72,1*76

11,134
6l4

76

5,121
582
U

81*,995

67,58.

79,077

5,707

11,751

78,503
582,808

60,1*15
71*2,851

15,064
52,075
12,524
14,328
53,679
18,783

5,798
67,939
15,035
17,105
78,634
17,321

577
1
18

98

Stanrp taxes:

Bonda, Issues and transfers of capltcil stodc, deeda of
CQDTeyance, etc
....••....
Flaying cards
...........••...•••. ...........i
bulllaa
sales
transfers...
SilTso*
or
•.•••...•.•... ........

Total BtlBnp taxes

93,107

Manufacturers* excise taxes:
Lubricating oHe
.•.............•••...•••••..••....
Gasoline
•
Tires and tubes
..•.•.«...
..•...•...•....
Automobile truclcs and busses.... •...,.........•.•••• ......
Other autceaobiles and motorcycles ........•.....•••••......
Parts and accessories for autoooobilee... •••...•..... ......
Electrical energy
•
Electric, gas, and oil appliances
Electric light bulbs and tubes......... ...................
Badlc sets, phonc^raphs, telerialoa seta, cdspanents, etc.
Fhooograph reccarris
Musical instromante.... •...•.•.«....•....*...............
Mechanical refrigerators, air-coaadltloners , qulci-freeze
units , etc
Matches ...................................................
Business and store machines.....
«•..•••••.••••*..
Photographic apparatus
••••.«•**••*••..
•
Sporting goods
«.•.•••«.
Firearms, shells, and cartridges......... ....•• •.••«.•••.
Pistols and rerolTere..............
Mechanical peoclls, peofi, and lifters 6/.
,

^

Total manizf scturers ' excise taxes

Footnotes at ecd of table.

8,222
100

6,525

97,238

95,286

569,01*8

713,17't

198,383
121,285
653,363

161,362

13l*,10l*

11*7,221*

11*7,1*1*5

lil,679

164, 2l6

578,11*9
161*,135
53,09"*

1*50,669
130,61*5

600,507

89,5W*
30,736

73,31*2

n9,U75
93,181*

11*9,579

-22

52,728

99,375
5,873
7,901

90,023
28,915
132,272
5,965
9,184

57,970
8,032

1*6,681*

67,91*1*

6,910

1*1*,1*91

'*8,515

1*0,1*99

1*6,020

33,766
16,501
10,679
1,172
I*,8l6

29,970
13,800
8,398
962
3,108

7,620
43,106
21*, 003
12,477
9,920
795
10,227

2,31*8,91*

1,902,216

2,307,243

121,996
30,281*

128,187
7,007
10,756

118,21*1*

96,319
10,169

17,862
17,81*6

762

2,383,677

6,880
9,1*12

21*, 259

(Continued on following page)

2

8,41*3

3,413
10,897
-125
862

11,134
3,203
18,131
611
980

113
823

8,678
761
4,533
1,778
1,521
895
99
919

206,179

255,075

6,546
800
l>,61*8

1,743
6o4
980

Treasury Bulletin

hi

-INTERMAL REVENUE COLLECTIONS.

Table 2.- Detail of Col lections by Type of Tax i/
(In

tlioxiaazide

(Continued!

of dollare)

FlTBt 10 months of
flecal year

FlQcal year

Tenth month of
fiscal year

Type of tax
1951
Miscellaneous Internal revenue (continued):
Setallere* excise taxes:
Purs
Jewelry
Luggaee
Toilet preparations

Total retailers * excise taxes
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, and cable facilities
Local telephone service
Transportation of oil by pipe line
Transportation of persons , etc
Transportation of property
Leases of safe-deposit boxes
Admissions to theaters, concerts, etc
•
Admissions to cabarets, roof gardens, etc
Club dues and Initiation fees
,..
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and process or renovated butter, and filled
cheese
Narcotics, Including marihuana and special taxes
Coconut and other vegetable oils processed
National Firearms Act
Diesel oil 1/
Wagering taxes 6/
All other. Including repealed taxes not shown separately

Total miscellaneous taxes

Total miscellaneous internal revenue
Total Internal revenue collections
Adjustment to Daily Treasury Statanent

Total receipts fran internal revenue (Daily Treasury Statement).

1953

1*6,022

1*4,619

3,661*

3,1*56

201,809
80,338
97,505

15,330
5,681
8,219

17,051
6,721
9,236

270

32,891*

36,1*63

65,817
333,726

64,687
351,382

257,301*

295,1*62
23,321*

7,226
26,991
24,305
2,209
21,929
31,563

6,217
37,649
34,463
2,745
24,203
38,146

90,799
112,892

75,231

157,013

175,530

1*06,159

1*21*,

78,1.73

80,192

395,li3lt
21»,9li6

310,337
26,881

237,617

275,171*

381,31*2
3't6,l»92

388,589
10,211
330,782

i2,6^i6

Ii5,^i89

30,120
3,610
20,731

33,592
3,597
18,823

9,569

11
866
19,088
9

1953
(April 1953)

189,1*1*2

si.itse
220,lt03

290,320

1952
1952)

(AprU

57,60U
210,239
82,831
106,339

95,1*61*

22,239
231,317
321*, 757
8,632
232,228
38,370
26,163
3,171
17,61*3

It

3

915
15,205
29
7,138

633

338
349,518
9,153
263,311
39,222
29,078
3,043
15,359
21*1*,

6
634
15,355

882

943

25,909
3,848
2,913

25,330
3,871
3,382
25
196

30
226

14

66
1,373
»

12,649
8,892
586

1,233
916
9

54

381

1,261

12,307
5
*,9l8
3,720
203

1,842,598

1,947,276

1,633,156

1,726,012

151,629

181,125

9,433,328

9,804,112

8,122,288

9,010,774

829,034

932,066

50,445,686

5,31*5

1,626
8
1,428
861
-23

65,009,393

50,785,786

55,016,036

5,027,451

4,U5,622

4660,409

+625,502

+365,819

-122,644

+7,401

-215,385

51,106,095

65,634,894

51,151,604

54,893,392

5,034,852

3,900,238

Source: Daily Treasury Stataoent for total receipts frcm Interaal revenue;
reports by the Bureau of Internal Revenue for collections by type of
tax. Detail by type of tax is available only on a collection basis.
Receipts on the Dally Treasury Statement basis are compiled fran the
latest dally reports frcm Government depositaries; they do not coincide
with amounts reported by the Bureau because of the lag In deposits of
collections and because certain taxes are paid directly Into the
depositaries.
i/ Excludes collections for credit to certain trust accounts for Island
possessions; Includes corporation income tax on Alaska Railroad
(repealed by Public Law 386, approved June 10, 1952, for taxable
years ending after that date).
Includes
excess profits taxes on Army and Navy contracts imposed by
2/
the Tlnson Act as ananded (34 tJ.S.C. 496), and Income tax on business
Inccme of exempt organizations, imposed by the Revenue Act of 1951,
approved October 20, 1951.
Includes old-age Insurance tax on self -employment Income, imposed by

^

1952

1952

y
s/

1/

the Social Security Act Ameodinonte of 1950 (Putllc Law 73^), approved
August 28, 1950. The tax le levied and collected as port of the
Individual Income tax beglnxLlng with the taxable year 1951* for
estimated fiscal year 'brea]aiovn, see Table 1.
Beglnnljag January 1951, withheld Income tax and social security
employment taxes on employers and employees are paid into the
Treasury In ccaoblned amounts without separation as to type of tax,
pim^uant to the Social Security Act Amendments of 1950* For
estimated fiscal year breakdown, see Table 1.
Repealed, effective November 1, 1951, by Revenue Act of 1951. Beginning July 1952, included with other repealed taxes under "Mlecellaneoufi taxes"
Effective Novanber 1, 1951, under Revenue Act of 1951.
Applies to dleeel oil used In highway vehicles; effective Noveanber 1,
1951, under Revenue Act of 1951.
Less than $500,

.

49

June 195)
.MOHBTARY STATISTICS.

Table 1.- Money In Circulation
(In BllllonB of dollare except as noted)

Paper noney

Total
Bnd of fiscal
year or nonth

Circulation 1/

26,7l>6
28,2li5

19^5
19'»6

Total
paper
money

25,5'>1
26,91*5
26,91*2
26,1*82
26,031*

Gold
certif-

surer

icates

oertifloatas

2/
52
50
I18

Treaflory

no tea
of 1890

i/

Unlt«d
Statae
notes

Federal
Reeerre
no tea

Federal
Beaerre
Bank
no tea

y

22,867
23,973
23,999
23,600
23,209

527

1,651
2,025
2, 061
2, 061
2,061

323

321
318
318

28,760

271*

23,1*56

21*3

317
320
321
319

i>6it

li06

Hatlonal
bank
notes

y
120
Ul*
106
99
93

19k7
19^8
1949

28,297
27,903

1950
1951
1952

27,156
27,809
29,026

25,661
26,231

1*1

27,3'*8

38

2,177
2,092
2,088

21*, 605

221

86
81
77

1951-Decaniier.

29,206

27,552

38

2,079

316

2li,807

232

79

1952 -July
August. .
SeptaMber

28,978
29,293

27,292
27,598
27,711*

2,063
2,080
2,095

315
316
318

21*, 580

29,ltl9

38
38
37

21*, 971

218
217
215

77
77
76

Oototer
Horeaber.
DeoeBber.

29, 6W.

27,922

27,'i93

.

1953-Januai7,.

1*5
1*3

39

21*, 870

353

309

2II1

2,U5

317
322

25,181*

28,1*97

25,733

30,1133

28,683

37
37
37

2,093

30,236

2,105

311*

25,9^*1

212
210

76
76
75

29,691

37
37
37

2,006
2,027
2,065

305
312

25,1*10

311*

25,321

208
207
205

71*

37

2,088

31"*

25,373

20U

74

Febmar7.

29,793

Maroh....

29,75"*

27,970
28,068
28,017

April p..,

29,837

28,090

25,337

75
75

Treasury Bulletin

50

.MOHKTARY STATISTICS

Table 2.- Monetary Stocks of Oold and Silver
(

Dollar amounts in millions

Oold

End of fiaoal
year or month

Eatlo of ailTor
to gold and
silver In
monetary atoclca

SllTor
($1.29+ per
fine ounce)

(»35 per
fine ounce)

(in percent)

191*8

20,213.0
20,269.9
21,266.5
23,532.5

191*9

2li,W66.3

1950
1951
1952

23,31*6.5

3,671.5
3,718.5
3,768.5

13.2
14.6
13.9

1951 -Deo ember.,

22,695.5

3,71*1.3

II*

1952 -July
Auguat. ..
September.

23,350.5

3,773.3
3,777.8
3,781.2

13.9

3,785.1*

11*

3,789.1

11*

19't5
19't6
19't7

211,230.7

21,755.9

23,3Wt.l»
23,31*2.0

October.
Norember
December.

23,339.3
23,337.5
23,187.1

.

.

3,685.8

15.1*

3,508.1*

14.8

3,525.7
3,571.0
3,618.3

J* .2
13.2
12.9

.a

13,.9

13.9
.0
.0
llt.l

3,79l'.l

February..
March

22,985.6
22,662.1
22,562.7

3,797.7
3,801.0
3,80)1.7

I'k.k

April. p»..

22,561.8

3,810.8

lU.l*

1953 -January

.

.

Source: Circulation Statement of U. 3. Money; Dally Treasury Statement for
preliminary figures. For detail of silver monetary stock, see Table 1*.

p

11* .2

Preliminary.

Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)

Liabilities
nui of calendar
year or month

Oold assets

Gold certificates 1/

20,06l*.9

191*5
191*6

20,529.0
22,753.9

191*7
191*8

21*, 21*3.

17, 911*.
18,1*30.5

21,5H.O
23,010.0
23,217.9

191*9

21*, 1*27.1

1950
1951
1952

22,706.1
22,695.5
23,187.1

21,1*97.5

1952- July
August....
Septenbor.

23,350.5

22, 181* .0

23, 31*1* .1*
23,31*2.0

22,181* .3

Gold reaerre
aeainst U. S.
notes, etc. 2/
156.0
156.0
156.0
156.0
156.0

Exchange
Stabilization
Fund i/
1,800.0
1,800.0

Oold In
General Fund
194.8
11*2.1*

1,053.9
1,077.9
1,053.2

156.0
156.0
156.0

1,052.6
1,032.9
1,008.2

156.0
156.0
156.0

1,010.1*
1,001*.

22,l8li.3

Deceaiber..

23,339.3
23,337.5
23,187.1

22,176.8
22,182.3
22,022.8

156.0
156.0
156.0

1,006.5
999.2
1,008.2

1953-January...
February..
March. ....

22,985.8
22,662.1
22,562.7

21,827.1*
21,1*01* .0

156.0
156.0
156.0

1,002.4
969.1
1,002.6

April p...

22,561.8

21,U19.9

156.0

985.9

October..
NoTODber.

Source: Circulation Stat^aent of U. S. Money; Dally l^>eBsur7 Statenent for
prellmlnar? figures.
Ccmpriaes (1) gold certificates held by the public and in Federal Beserre
Banks; and (2) gold certificate credits in (a) the gold certificate Tvcod -

^

21,506.5
22,022.8

21,517.0

2/
2j
p

1,001.7

Board of Gorercors, Federal Beserre Systen, and (b) the redosption
fund - Federal Beserre notes,
Beserre against Ibilted States notes snd Treasury notes of I890.
Excludes gold in aotlTO portion of Exchange Stablllxation Fund,
Preliminary.

il

J

. ,,
.

.

51

June 195
.MOKETARY STATISTICS.

Table 4.- Components of Silver Monetary Stock
{In mllllonB of dollars)

Silver held In Treaaury
End of calendar
year or month

Securing allTor certlfloatea 1/
SllTor
hiOllon 2/

SllTer
dollars

19''7
19't8

19*9
1950
1951
1952

-

1952 -July
Ai^ufit.

.

Septanber
October.
Voreaher..
Oecenber.
1953 -January.,.
Februfli7,

Maroh
Aprll.p.

..

Suheldlary
coin 2/

Bullion for
recolnaee kj

Bullion
at cost 2/

356.1.

10.2

31.3.1*

II..O

13.1
5.9
ll.k

2,073.5
2,109.7

337.2
328.1
321.9
312.8
301.0
289.3

3.6
1.7
3.9

95.1
82.0

2,095.2
2,098.5
2,101.8

295.5
293.6
292.7

6.6
11.9
9.2

2, 1011.3

291.7
290.0
289.3
289.1
288.9
288,7
288.1.

1,703.9
1,911.2
1,937.6
1,971.5
2,003.2

19''5
191*6

SllTor outside
Treasury

In General Fund

2,Oll0.7

2,107.1
2,109.7
2,113.3
2,116.3
2,118.3
2,120.8

Sllrer

doUara 1/

185.6
93.1
91.1
89.3
9l..l>

137.5
150.1
156.3
165.0
171.0

Suhsldlary
coin 2/

Total
allTer
at $1.29+
per fine
ounce

81.6.7

3,512.8

901.1
928.7
971.5
982.2

3,511. .2

3,51.7.9

3,596.7
3,61.3.1

1,022.2
1,083.1
1,158.1

3,697.1

1.5.3

179.8
191-3
202.5

61..5

196.1.

1,119.1.

58.1
53.8

198.3
199.2

1,125.1

3,773-3
3,777.8
3,781.2

1>.6

51.1

3.7
3.9

1.8.7

8.9
10.0
12.6

111.9

39.1

200.2
201.9
202.5
202.6
202.8
202.9

lB.3

36.5

203.2

1,1*5-2
1,150.6
1,158.1
1,158.6
1,158.8
1,161.5
1,166.2

1.5.3

1.1.3

Souroel Circulation Stat«saBt of U. 8. Moaay; Dally Treasury Statanent for
certain pralixlnarj figure*
ij Valued at $1.29+ per fine oofio*.
2/ Includes silTer held by certain agencies of the Federal Ooremiient (sec
Dally Treasury Stataaent for aMount). Does not include silTer lendleased to foreign goTemaente (tiiese transactions all took place during
the fiscal years 191.2 through 191.6; see I9V6 Annual Beport of the

Secretary of the Treasury
Valued at $1.38+ per fine
Valued at $1.38+ per fine
to whether the bullion la
coins or for recoinage of
PrellAinary.
I^ss than $50 thousand.

1,131. -5

3,71.1.3
3,79l..l

3,785.1.

3,789-1
3,791.-1

3,797.7
3,801,0
3,8ol.,7

3,810.8

for aaounts).
ounce.
ounce or at $1.29+ per fine ounce according
held for recoinage of subsidiary silver
standard silver dollsra.

Table 9.- Silver Production in the United States and Acquialtlons by Mints and Assay Offices^
(In millions of ounces or dollare)

Calendar year
or month

Silver acqulsitlona by mints and assay offices

Silver
production In
United States

Nevly mined dooeetic
silver 2/

29.0
21.1
38.6
39.2

I9I.5
I9I.6

I9I.7
I9I.8

Foreign silver 2/

.6

.9

I..1.

1..9

y
36.8

27.1.

30.3

I9I.9

31.

.9

33.0

29.9

1950
1951
1952

1.2.3

1.1.3

37.1.

39.9
M},e

36.1

32.7
37.3

Septoaber,

3.3
2.3
3.2

3.8
3.5
2.6

2.1.

October.,
ScToaber..
Decaaber..

3.7
3.0
3.1

3.3
2.9
3.9

3.0
2.6
3.5

1953-January...

3.".

Februflj:7.,

3.1
3.2

2.8
2.6
2.9

2.6
2.3
2,6

1952 -July
Al^HJSt. ...

March.....

Source:

Annual figures froB the Bureau of the Hint.

1.1.2

Monthly figures on

i/

33.3

3.l^

3.2

U. S. silver iiroductlcc frcm releasee of the Aaarlcan Bireau of Hetal

^

^

StatlBtlos; these vlll not agree vlth the wmiwl figures.
For infomatlon on &llv«r production in other coxtntrlefl, see wimual

kJ

2/

reports of the Director of ttaa Mint. Data from 1933 through I9I.I are
sunmarlied in the "Treasury Bulletm" for Augnst 19>»3, page 7<t,
Acquired at 71.11 omX» par fin* OTSue trcm Jily 1, 1939 to Jolr 2, 19>.6i

and at 90,5 aants par fine ounce since July 2, I9H6.
Bo foreign silvetr has bean purchased under the Silver Purchaae Act
of 1931. since May 191.2.
Includes 0.2 mlllioci ouncee valued at 71.11 cents per fine ounce
totaling $0.2 million, and 30,1 mlLllon ounces valued at 90.5 cents
peer fine onnoe totaling $27.2 mllllaa.

Treasury Bulletin

52
.M0HET.4Py STATISTICS,

Table 6.- Seigniorage on Silver
(Cumulative from January 1, 1935

-

In millions of dollars)

.

June

.

m>

53

.CAPITAL MOVBffiMTS.

the data for January 1950.

Data relating to clalma on foreigners and liabili-

Attention

Is

called to the

and capital movements between the

fact that although the grand total figures on the revised

collected

reporting basis are reasonably comparable with those for

since 1935, pursuant to Executive Order 6560 of January I5,

preceding months, data for Individual countries in some

ties to foreigners,

United States and foreign countries, have

been

Instances are not comparable because of certain changes In

Information
1934,
covering the principal types of data and the principal
countries le reported each month by banks and bankers and
This
securities brokers and dealers In the United States.
and Treasury regulations thereunder.

coverage and geographical classification.
The supplementary Information, contained In Section IV,
Is presented In three tables appearing at different times.

Information Is published regularly In the "Treasury
Bulletin".

Supplementary Information Is published at less

Table 1 gives data by countries on short-term claims on and

All reports are made Initially to the

liabilities to foreigners as reported quarterly by exporters,

frequent Intervals.

Federal Reserve .Banks, which forward consolidated figures

Importers, and Industrial and commercial concerns In the

to the Treasury.

United States. This Information was published for the first
time In the October 1949 issue of the "Treasury Bulletin"

Table 2
and begins with data for September 30, 19^6.
supplies information by countries on long-term claims on

The term "foreigners" as used In these reports covers
all Institutions and Individuals (Including United

citizens

}

States

and liabilities to foreigners as reported by banks and
bankers in the United States. This table appeared for the

domiciled outside the United States, as well as

International organizations, wherever domiciled, created by
treaty or convention between sovereign states.

first time in the December I949 issue.

"Short-term"

refers to original maturities of one year or less, and
A detailed
"long-term" refers to all other maturities.
dlECueelon of the reporting coverage,

basis of reporting,

and derivation of capital movements figures appeared In
the April 1950 Issue of the "Treasury Bulletin", pages 50-52.
Revised report forms and regulations became effective with

Section

I

-

Data are for the

Table 3
end of the calendar year beginning with 1942.
gives information on short-term liabilities to countries
not regularly reported separately by banks and bankers.
This table appeared for the first time In the April I95O
issue. The data have been requested at Irregular Intervale,
the earliest date being October 1943.

Summary by Periods

Table 1.- Net Capital Movement between the United States and Foreign Countries
(In thousands of dollars;

negative figures indicate a net outflow of capital from the United States)
Analysis of net capital movement In:

Calendar year or month

Net capital
movement

Short-term
banking funds

Brokerage
balances

Transactions
In domestic
securities

Transactions
in foreign
securities

1935-''l

5,35't,071

19't2

19^

626,121
1,286,393
1*61, 354

11*8,591*

100,870
3,513
13,372
8,529

WltS

1,07'>,375

1,216,303

17,791*

19'»6

-733,909

19U8

225, ''17

531,777

9,661
-11,318
-19,313
610
7,992

-331*, 203

19W

-793,32'*
33'>,l63

91*1*, 1*30

-11*5,387

-376,989
-221,933

X9^i

3,770,922
583,373
1,168,058

395,521*

626,731

855,51*8

1*6,599

-7,361.

27,767
210,735
-113,105

77,696

-89,055
-192,215
75,203

93,1*96
-1*6,

6i7

265,127
39,012
832
27,800

-91*,

191*9

19lt,l»58

1950

1,757,618

1951
1952

-380,1171

586,91*8

-6,11.1

-584,289

l,2l*2,ltlt7

1,151,236

-1,800

311*, 91*1*

356,566
189,905
228,593

318,1*90

-3,738
-It, 102
2,023

22,921*

130,036
223,373

316
-7,810
3,692

185,791*
1*1,783

11,001
7,055

32,183

-1*8,079

3,516

33,899
7,399
8,618

-19,177
-U7,8Wt

1952 -July
August
September

October.
November.
December.
.

1953 -January,.

.

.

82,611*
129,01*7

.

-181*,11.3

.

.

February p.
Merch p. ...

1/

S«s Table 2, footcota

90,81*5

950,583 1/

-111*, 1*97

88,019
-171,939

-16,651
-157,851*
197,1*1*3

-31*,
1

889

-112,561* r

208,953

p

Prellailnary.

r

Bevised

-l*,8U5

-1,691

32,893
-6,126

16,890
31,078
9,323

-18,1*37

Treasury Bulletin

5"^

.CAPITAL MOVBffiNTS.

Section

1

-

Summary by Periods

Table 2.- Short-Term Claims on and Liabilities to Foreigners
(Poaltion at end of period in thousands of dollars)

Short-term
End of calendar
year or month

claljnfl

on forel^ers

Short-term liabilities to foreigners
Payable in dollars

Payable In dollars

Pajable
In

in

foreign
currencies

Deposits
of
foreigners

Loans to
foreign
banlcs

3,523,328

105,1*21

169,670
21*5,010
290,1*95

5,596,775
6,883,068

*,356,501

100,267
319,639

1*,

91*6, 621*

668,168
1,222,580
1,218,633
1,910,898

6,1.80,262

1*,

693, 911

1,71*5,722

21,61*1
25,51*6
1*0,629

7,116,1*19

1*, 809, 21*5

2,257,510

1*9,661.

6,167,1.83

7,717,960
7,617,959
8, 61*1., 775 1/
9,302,200
10,533,715

5,209,820
5,073,586
5,503,872
5,382,062

2,1*37,751

6,699,260
6,790,105

5,826,61*5

3,81*7,912
1*, 61.5,699

70,389
51,039
1*1*, 911
72,226
61,371

10,356,210
10,526,357
10,706,785

5,752,221*

l*,52U,598

79,388
62,086
65,659

9,330,001

9,568,913
9,656,932

30,916

72,01*8

257,929

3l*,387

86,378

19'»'>

329,691*

51*,

603

19l»5

392,766
708,253

1*7,1*89

191*6

19^7

91*8,936

165,1*39

1*90,631

191*8

1,018,700

19''9

827,851*

100,371
U0,8ol*

1950
1951
1952

897,966

21*0,583

292,866
361,197
222,719
151,115

968,1*1*3

91,808

177,21*6

506,268
699,389

1,01*8,722

78,361*

122,866

81*7,1*92

1,026,209
1,066,320
1,023,375

61*,

913

126,821

83l*,l*75

71*, 1*27

1U9,I*38

81*2,1*55

70,206

139,718

813,1*51

August ....
September.
October.
November
December.

1,018,652
1,021,120

.

.

1953 -January.

1,01*8,722

1,036,006

.

l,033,3l*l*

February p
March p. .

1,039,007

557,132
'*9l*,331

682
66,290
78,36t

122,178
119,662
122,866

821,792
835,168

82,672
68,709
77,372

115,639

837,695
829,895
815,092

71*,

ities

'*,205,389
5,371*, 903

21*6,673

19't3

98,119

foreign
currencies

Net
short-tenB
liabil-

11*3,709
137,161*

191*2

1952 -July

Payable

131*, 71*0

11*6,51*3

81*7,1*92

Beginning 1950, Includes certain deposit balances and other assets which
are held in specific trust accounts but which previously had been excluded
frcm reported liabilities.

1*,

131*, 1*12

2,1*93,331*

3,095,992 1/

,

5, 791*, 081*

13,893
17,911

5,831,960

11,670,187
I*, 809, 166

10,587,565
10,678,052
10,533,715

5,71*8,925

l*,77l*,l88

61*, 1*52

5,935,119
5,826,6U5

1*,

679,138
61*5, 699

63,795
61,371

10,1*80,110
10,370,831*

5,726,857

1*,706,633
1*, 682, 020
lt,797,98l

52,620
53,122
1*1*, 618

10,585,500

p

1*,

5,635,71*2
5,71*2,901

3,958,716
5,ll6,97U
5,267,081
6,1*90,302

5,772,009

7,71*6,809 1/

8,333,757
9, 1*81*, 993

9,1*60,037
9,683,1*10

9,1*81*,993

9,1*50,101*

9,337,51*0
9,5l»6,l*93

Preliminary.

Table 3.- Net Movement of Short-Term Banking Funds
(in thousands of dollars; negative figures indicate a net outflow of capital frctn the United States)

Short-term
Calendar year
or month

Payable
in

foreign
currencies

Short-tenn liabilities

claijsfi

Payable In dollars

Payable In dollars

In

Depoeita
of
foreigners

Loans to
foreign
banks

Payable
foreign
currencies

Met luDvement of
short-term
banking
funds

6,1*09

1*22,711

60,899

3,031*, 615
1*85,870

2,806,001
105,607

266,156
385,365

-37,51*2

20,671

6,51*5

1,179,311*

620,331*

551*, 1*12

1*,018

3,770,922
583,373
1,168,058

-20,216

-Ik, 330
-19,01*3

-32,506

5,151*

-75,31*0

220,359
1,279,375

220,576
583,205

-3,91*7

7,111*

692,265

3,730
3,905

1,216,303

-50,630
-67,320
65,068

-219,372
26,773
-63,331

-1*5,1*85

-1*18,1*22

-268,851*

-161*,651

115,38U

511,788

-10,1*33

1950

-76,233

-129,779

138,1*78
65,1*83

-200,136
-66,501
62,801
-11,937

636,207

191*9

-315,1*87
-21*0,683
-69,761*
190,81*6

1951
1952

-70,1*77

11*8,775

657,1*25

-121,810

13,1*1*1*

-26,131
51*, 380

-193,121

-80,279

-11*8,103

1,231,515

3,391*

8,1*63
-9,511*
1*,221

9,832
-22,617
9,720

-14,901
-7,980

1935-1*1
191*2
191*3
191*1*

191*5

I9U6
191*7

191*8

1952 -July

307,187
15,933

-1*0,111

Auglist

-3,1*71

751,920
797,737

27,315
-10,855

395,521*

531,777
90,31*5

950,533 1/
586,91*8

1,151,236

3l»,303

285,937

-5,11*1.

318,1*90

11*5,589

-17,302
3,573

130,036
223,373

17,51*0

-8,31*1

-119,220

-83,035

-3lt,978

-13,376

90,1*87

186,191*

-95,050

-1,207
-657

-111*, 1*97

2,516

-12,071*

-3,201*

-22,321*

-ll*'*,337

-108,1.71.

-33,1*39

-2,1*21*

88,019
-171,939

-1*,308

7,227
-19,101
-11,803

-1.7,605

-99,788
-91,115
107,159

6o,93'»

-8,751
502

-3'»,889
-112,561* r

-l*,l*76

8,392

-27,602

12,716
2,662
-5,663

13,963
-8,663

footnote 1.

ltWt,533

-733,909

Ul,86o
37,876

lt,723
-2,1*68

2,

55,583
602,658 1/

180,21*1

170,11*7
180,1*28

October. ..
November..
December. .

See Table

-100,001
1,026,816 1/

15,083
9,035
20,725
-19,350
-6,128

1*00,575
-136,231*
1*30,286 1/

lU8,59lt

315,096

1*2,91*5

February p.
March p.,.,

601,51*1

-5,102

29,001*

Septoaber.

1953 -January....

i/

736,307
97,503
-11,256
-71,765
-63,072

9,797
7,800
lit,

803

-115,226 r
211*, 616

Preliminary.
Revised.

138,979

:

-2U,613 r
115,961

-8,501*

208,953

55

June 195)
.CAPITAL MOVEMENTS,

Summary by Periods
Domestic Securities by Foreigners
Long-Term
Table 4.- Purchases and Sales of

Section

I

-

(In thousands of dullarB; negative figurea Indicate a net outflow of capital from the United States)

Treasury Bulletin

56

.CAPITAL MOVQ<£NTS.

Section II - SaimnBry by Countries
Table 1.- Net Movement of Capital and of Short-Term Banking Funds
(In thouBOjads of dollara; negative figureo indicate a net outflow of capital from the

Net capital

1952

1953

January

February p

March p

Aufitria

Italy
Nether laoda

BiSBBnia,

•••.••••••

Spain
Sveden
Svl tsarland

4,906
4,570
-17,895
-141,736

-16,73''

5,508
-3,101

9,879

3,397
-5,368
2,525

23,670
17,364
3,168
-28,668r
9,348r

5,978
33,729
3,138
22,762
6,488

-9,207
13,010
1,576
19,644
-42,879

1,260
1,630
7,594

-2,521
-1,156
-9,579

3,473
2,221
4,453

-297
-2,108
2,920

-375
-1,813

-75
-1,359

72

-50

-293

-2,U3l.

2,841

2,496

-2,55''

-23,55!*

7,334r
l,015r

-4,318
33,961

-375
-129,509r
1,492
808

-306

8,790
1,310
-1,987

-''3,977

Norvay
Poland
Portugal

-88,772

7

-9,169
12,771
1,728
19,350

(ireeoe

-18,1*05

6,010
1,126

10,336
-139

Oemanj

4,227
-1,107
9
-7,823
',825

-44r
-3,483r
-3,598

-10

France

-16,665
35
1,896
170

1,344
9,901r

7,205
^,735

2,863
-1,813
3,136
71

6,1*54

1,982
7,119

6,866
21,579

n. S. S.

-2,7'»1

-383

TugoslaTla
Other Europe

88,102
521
-2,373

-146,125
-2,042
883

1,824
71*, 359
848
-2,594

Total Europe

97,263

E
anted Kingdom

Canada

-4,179

7,183
3,888
-10
-220

3,100
76
-2,328
2,052
2,494
-2,741
88,282
524
-2,239

-286,842

-68,460

-77,640r

116,763

89,896

17,664

41,240

-2,664

-115,8l9r

-63,702

-17,025

13,781
-1,920
8,165
It, 766
7,357

-6,541
8,070
-6,191
4,646
16,159

-6,152
-6,092
2,864
-174
512

13,915
-3,032
-18,365
10,959
12,966

-2,757
-2,757
5,364
4,275
-4,417

13,176
-1,949
7,637
I*, 554
7,366

3,098

13,440
821
443
-16,629

-19,127
587
4,061
2,974

227r
-2,634r
2,662
-26,148

46,975
675
4,880

3,938

Latin America;

Argentina
Bolivia
Brazil
Chile
Colombia

Cuba
Dominican Pepubllc
Guatemala
Mexico
Netherlands West Indlea
and Surinam
Peru
Bepubllc of Panama
El Salvador
Uruguay
Venezuela
Other Latin America. .
.

Total Latin America,

.

,

13

526
16,132

5'*

-465

574
16,996

-354

2,267

2,li8lt

2,357

122

3,537
-3,557
-Sou
-18,528
-269

-7,603
-2,856
5,532
188
19,784
-812

-427
6,596
15,327
969
-18,924
11.594

-l,109r
3,504r
5,728
8,045
-20,695
9.557

8,330
1,856
12,555

38,lt71

30,808

-5,290

-3,857r

77,481

37,269

1,047

-788
-2,164
105

-117r
-98r
-577
5,208

-1,109
-461
-402
372
6,651

-515
-2,551

3,681.

563

-5,1*98

11,332
-2,513

3,1*1*5

1,564
-3,558
-651
-17,872
-272

Asia:

-506
-2,592
179
825
-4,763

China Mainland
Formosa
Hong Eong
India
Indooeela
Iran
Israel

Japan
Philippines
Thailand

-'',913

1,897
8,941
896

6,388
-2,964

2,881

48
722
-4,748

-1,36U

''31

-10,75''
21,93'*

-3,407
18,781
-4,520
6,546

-2,645
-7,831
14,630
-8,535
6,287

-154
-6,277
37,617
3,235r
3,024

2,205
-9,479
33,080
12,706
-435

-1,378
-7,351
22,006
-3,260
9,245

13,819
-7,752

3,888
-3,379

2,770
61,264

4,871
18,846

107,162

35,935

-3,165
9,958
l',88l'

Turkey
Other Asia

19,''56

6,148
-2,458

Total Aala

3'', 092

29,389

8,550

-2,990

-475
13,813

4,930
-1,673

4,242
2,033

2,376
6,513

-3,035

-9,723
9,552

-1,73'*

12,241
3,354

-3,271
-879
4,747

-1,208
-5,642
-2,620

-9,717

-^

-2,764
822
-3,183

5,655

8,213

17,118

57872

:Wi

6,068

International

-6U,098

-6,951

3"*, 095

-12,661

-39,680

Grand total

129,0'»7

-184,143

-16,651

-157,854r

197,443

Other countries
Australia
Belgian Congo
Egypt and AngloF^yptlan Sudan
Union of South Africa..
Other

Total other countries

.

''5,251r

1953

January

Europe:

Belgium
CsechoaloTakla
Denmark
Finland

States)

Short-term banking fuula

siaveiaent

1952

Country

tfeiltod

9,1*93

459

February p

March p

,

J
.

,

Jane 195

57

.CAPITAL MOviMErrrs.

Section II - Summary by Countries
Table 2.- Net Moyement In Brokerage Balances and Long-Term Security Transactions
by Foreignere
(IP thouaandfl of dollare; negative fi«uro8 indicate a net outflow of capital from
the United Statea or net eolea by foreigners)

MoTement In brokerage balances
Coon'brT

1952
NoTeBEber

January

Europe:
Austria.,,,.,,.
Belglusi
C E ochoa lorafc 1 a
Damnaxk, >,,•,.

11.

7

-190

101

1952

Febnjary p

1

-321r

1,1.70
-2

21*

1*27

1.88

3I.6

-1

-318
-157

-86

-569

-1,01*0

-1*1)

-6

20

-21(6

81.

1*6

-5
76
862

16
59

-171*

109

-31r

-I»T6

669

700

-l6l

1*73

-131

23

3

-2

210

-1
-72

-1*1

-61

-5

-51*

59

-21

-13

-89
-1,151

-135
393

193
-1,1*66

-1,228

815

1,071*

389

95

Total Europe.

-3,190

Canada. •.....,.

-12lt

Sweden
Switzerland.,,.
U, S. S. R
Uiltad Klngdcm,
YugoeleTla
Other Europe,..

-30

-1,71.1

1

BorvBj, ,

22
793

-11.

1*13

-3li
-80

Greece
Italj
netherlanda ,
Poland
Portugal ,
Rumania
Spain

-17

January

30
81

119
-92
-7
196
-516

Germniir

1953

March p

-r

Flaland

France

TransQctlone In lang-toitn eeouritlee, dcmeetlc and foreign

1953

209

106

-13

-22

356
-82

768

1,572

-65

.1*9

11*8
-1*8

53
-102

22
330

-622

-2,357

-3,566

3,399

-69

91.0
1*0

1*5

18

l6l

77

-31

33

54

-321*

19
5,776

31*

-2,1*89

5,122

15,1*95

-1,610

-1,366

1,01*8

10,31*2
-2

5,555

156

79

-199

-523

182

-167

1,5'tO

31*2

-U,73l(

-1,317

10,557

12,900

22,059

-1,2'*5

31*

2,01*5

1,133

1,589

35,931*

-29,731*

-28,51*9

1*52

-269

202

-8

21*

330
-kk

-213
173
77

-235

-20
-15
15
167

10
-15
-100
-11
-788

153
37
198
256

13

1

-1U3

279

-203
69
-18
213

-350
211*

-3

1

Latin America:
Argentina,
Bolivia. .
Brazil,.,,
Chile
Colombia.

Jno

Cuba
Doninlcan Republic
Guatemala., .,.,...•.,,,,

Mexico

-697
-1*3

-68

-75
-9
99

29
1,1*59

189

21*2

-366
-1

h
12
-522

-3"*

1*01

2

20

-511*

1*83

39

1*1*

25

-68

33

1*2

-318

-1»72

1*37

-1*88

-6

Uroguaj^

-163

21
53

115
-59
-21

Tenezuela
Other Latin Amarlca.

-787

1,1*35

-33

-233

89
112
88

-1,631
-216

-97
-82
29
-218
-61

Total Latin America,

-2,1*21

2,061

73"*

-1,039

-3

15

3

3
1*57

-U6
-10
-607
109

-2

31*

285
10

-570
-17

-8

2

3

-2

92
-lU

10
-29

-21
19
10

12

IM*

-11*3

16
-3,399

2

-1*6

-2

-3"*

U8

-29

83
857

IJether lands West Indies

and

Su3>lnaiii.

Peru
Republic of
El Salvador

,.,.,.,.,.

Paa

China Mainland.
Formoaa
Hcmg Eong
India
Indcceela
Iran
Israel
Japan

-60
11
-1
-2
-1»

-1*

53"*

1*1*

21*8

-1,092

7

59

2,592
1

10
137

36_
3,623

2,1*17

12
-iA

104
-126
1,117
6

191

31*

59
-5,195
203
106
789

-26
12

3

PhlUpplnee ....
Thailand,..,,,,

-IW

1*89

-156

-1
70

3

-6

11*

2

-38

-Sk

81*

-225

51*0

1*7

-11*5

900

-721

690

-977

-1,698

-2,851*

11*

-5

-10

-1
58

66

718

-53
-6

-6
-6

,,,

Turkey
Other Asia.
Total Asia,,,.

3

Othaa* countrlea:

Australia
Belgian Congo
Egypt and AngloEgyptian Sudan
Unlcn of South Africa.
Other

Total other countries.

1

65
-853

-53
-217

7
100

-587

-S09

-81*3

-7,810

3,692

-2

1,011*

-7
-23
-856

108

31*2

-8
-97
585

1,116

-895

106

396

1,196

IntexnaticEial

Grand total.

-6

I*

3,516

,81*5

-1,691

26

179

1*8,838

-15,896

February p

Treasury Bulletin

58

.CAPITAL MOTEMESTS

Section II - Sunmary by Countries
Table 3.- Stiort-Teni Clalns on and Liabilities to Foreigners

.

59

June 195)
.CAPITAL MOTTEMEHTS

Section II - Summary by Countries

Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts

60

Treasury Bulletin
.CAPITAL MOYE>ffiNTS,

Section III

-

Details for Month of January 1953

Table 1.- Short-Term Claims on Foreigners
(Poeltlon at end of month In thousando of dollars)

Short-term claljia payable In dollars
Total
ahortterm

Country

Loans to:

Foreign banks
and official
Institutions

claljns

Europe:
AuGta*la

33"*

331*

Belgium
Czechoolovakla
Denmark
Finland

16,233
1

15,911*

3,5'»0

3,1*92

5,088

5,086

France
Germany , • . ....
Greece
Italy
Netherlands. ..

28,621

6,321*

052
225
22,931
6,358

22,651*

225
21,298
5,298

1,690
35

1,589
30

all,

.

Norvay
Polani
Portugal
Rumania
Spain

,

1*75

Un

5

2

323
1,053

21*

9,381*

9,332

3,101

2,567

2,326

13,1*99

9,01*9

101
1,377

United Klngda
Yugoelavla. ..
Other Europe

32,529
7,795

8,166

1,371*

7,751*

6,99"*

6,322

7,71*5
1,1*19

Total Europe.

182,356

126,106

30,838

56,265

37,234

6,852

Sweden
Switzerland..
U. S. S. E...

Latin America:
Argentina.
Bolivia. .
Brazil...,
Chile
Colombia..

7,1*09
6,1*51*

7,191*
6,1*52

353,150

353,063

23,371*

23,328
36,230

36,1*1*8

Cuba
Dominican Eepubllc
Guatemala
Mexico
Netherlands West Indies
and Surinam
,

26,532

Peru
Eepubllc of Panama
El Salvador
Uruguay
Venezuela
Other Latin America....

15,670
5,676

Total Latin Anerlca.
Aala:
China Mainland

. .

.

Formoea
Hong Kong
India
Indonesia

1,781*
l*,38o

3,009

l*,38o

1,386
27,281

90,757

1,1*17

l,Ull

8,1*70
11*, 017
31*, 220

ll*,310
61*7,1*61*

2,657
7,723
1,935
3,606
807

Iran
Israel
Japan
PhlllppineB,
Thailand....

10,175
25,850
11,508

Turkey
Other Asia.

26,668
21,629

Total Asia..

26,329
1,727

153

91*,

10,691*

2,613

125,865

Other countries:
Australia
Belgian Congo
Egypt and AngloEgyptian Sxidan
Union of South Africa.
Other

Total other countries.

9,229

7,976

6,971*

6,971*

959

926

2,1*82

2,1*65

1*,1*12

056

S2,532

1,036,006

953,331*

21*,

International
Grand total

1*97

3,706
20,350
1,360
6,669

-

.

.

June 195)

61

.CAPITAL MOTEMEHTS.

Section III - Details for Month of January 1053
Table 2.- Stwrt-Tenn Liabilities to Foreigners
(Poeitlon at end of month in thousoi^B of dollars)

ahort-tom liahlllties

Total
short
toni

Coxa try

To foreign banks and official Institutions

liahUltiea

Deposits

payalile in dollars

To all other foreigners

U.S. Treasury bills
and cortlfIcatea

Burope:

Austria
Belgium

121,258

Czechoeloralcia.

577
63,705
32,851

Denmark
Finland

France
Gennai^
Greece
Italy
Nether landB .

2U9,5l(Jt

531,'*51

50,666
308,280
.

• .

210,liO5

<

3,200
1,716

46,437
26,734

1,220
57,237

188
17,183
27,057

37,675
500

6
484
3,372

8,336
1,922

188,225
528,688
41,843
276,164
191,628

138,042
225,589
21,582
130,983
106,840

38,630
255,000
20,000
117,366
79,203

11,553
48,099
261
27,815
5,585

59,852
2,712
8,821
32,108
18,771

80,170
1,925
32,165
4,724
11,271

24,718
1,922
31,632
4,724
10,919

48,054

7,393

198

335

26,603
329
15,621
1,378
8,914

44,205
282,210
3,206
394,578
8,281
25,437

16,125
88,658

18,916
104,341

Narvay..
Poland...
Portugal.
Rumania..
Spain...,

106,771*
2,251*
1*7,805

Sveden
Svitzerland....
n. S. S. B
Iblted Kingdom.
Tugoalavla
Other Europe...

86,581
610,525
3,503

231*

79,246
475,209
3,215
589,316
11,466
32,637

Total Europe...

3,489,21*7

2,791,790

1,1*33,665

1,163,116

131,748
18,945
71,860
75,687

94,154
8,244
34,540
45,267
80,077
214,147
29,268
19,873
154,521

6,111
20,192

885,5lt2

12,130
1*1*,

44,005

93,642
63,791
194
55,342
30,929

35,31*1

3

352

5,893

8,426
3,185
1,307

7,283
133,284
284
265,304
634
11,567

1,578,642

898,530

314,618

662,563

303,979

846,506

12,631

91,363
8,240
24,951

239

9

186,312

Latin Anerlca:
Argentliia

Bolivia
Brazil

ChUe
Colcmbla
Cuba
Dcoinican Bepublic
Guatenala. .............
Mexico
Hetberlands West Indies
and Surinam. ..........

Peru
Bepubllo of
El Salvador.

275,938
44,928
38,530
239,283

.

89,000
6,500

35,904

19,829

12l*,508

24,478
29,697
26,475
30,908
62,990
92,219

24,246
29,672
6,837
25,389
62,941
73,427

1,587,119

982,762

795,248

131,682

37,1*32

342
910
200
41,800
13,235

9l*,217

TJruguay

78,835
113,277
28,788
10,028
152,230

61,505
40,127

Toiezuela
Other Latin America. .

1*5,195

41*, 1*69

87,731*

:

Total Latin America.

113,351*

124,286

13,725

19,200
1*53

2,565

China Mainland.
Fonnoea
Hon^ Kong ......
India
Indonesia

36,096
71,987
70,200
58,016

28,079
29,024
32,531
66,342
56,720

27,485
28,088
32,066
22,899

Iran
larasl
Japan
Philippines....
Thailand

16,544
26,230
821,561
309,584
186,743

9,270
23,916
806,378
290,335
182,579

8,976
23,879
782,568
276,412

Txnrkey

10,162
210,743

5,321
175,034

5,306
141,346

27,461

1,855,298

1,705,529

1,404,922

279,699

51,087
117,828

47,894
116,529

21,033
18,390

24,150
87,225

58,427
36,323
90,064

54,400
33,454
66,260

18,759
11,267
58,542

35,600
22,100
710

Other Asia.

1*3,311

:i2,586

21,989
4,055
169,707

Other countries:
Australia
Belgian Congo
^ypt and AngloEgyptian Sudan
Iftilon of South Africa.
0£her

Total other countrlas.

Intematlcoal
Grand total.

383

353,729

318,537

127,991

169,785

1,767,052

1,767,052

89,730

1,637,937

10,486,110

8,728,786

4,300,512

3,964,139

62

Treasury Bulletin
.CAPITAL MOVIMEHTS.

Details for Month of January 1053
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners

Section III

-

(In thouflande of dollare)

June 195)

63

.CAPITAL MOVBtEMTS.

Section III A

- Preliminary Details for Month of March 1953
Table 1.- Short-Term Claims on Foreigners
(Position at ond of month in thousande of dollars)

Treasury Bulletin

61+

.CAPITAL MOVUffiHTS.

Section III A - Preliminary Details for Month of March 1953
Table 2.- Short-Term Liabilities to Foreigners
(Poeltlon at end of moath in t^ousaule of dollars)

Total
ehorttana

Country

ahort-teim liabilities payable In foreign currencies

Short-term liabilities payalde In dollars

To foreign banks and official instltutiona

llabUltles

Deposits

To all other foreigners

U.S. Treasury bllla
and certificates

Depoaits

To foreign
banks and
official
Inntitutions

U.S. Treasury bllla
and certificates

Eiirope:

563

101,166
73,101
181

6a, 315

53,57"*

26,lU3

21*,

Aua trla
S«lglum.
•..
Cztichoelovakia
Danmark ...,..«.•.«.....
Finland ....,.•.•...•,..

102,306
130,556

France
Garmai^
Greece
Italy
nether landa

258,675
585,650
57,112
30^,375
229,655

Norway
Folanl
Portugal
Bumanla
Spain

115,£

5,768
17,618

1*,1*25

lt,l*25

8,51*2

8,199

Sweden
Switzerland
U. S. S. E
tJblted Klnsdom
Yugoslavia
Other Europe

89,19"!
635,olt8

82,617

1*1, 016

501,321*

271,892
2,537

2,358
5't,892

2,837

Total Europe

Canada

025

193,91*6

582,836
1*8,318
273,71*2

208,516
89,529
1,835
36,675

2

3,200
2,065

57,192
36,818
179
18,523
20,301

3l»,700

31*, 218

1,11*0
56,981*

2

38a

351

8,728
1,968

1*0,771*

3,721*

176,992
252,055
28,100

6,390
285,000
20,000

110,81*8

11*2,

1,11*0

1*7,735

3,379

5,870

1*71

382
7,669
1,968

893

166

13

13

150

150

2,623
25

1,1*97

1,1*69

76

58

113

a

56,096
2,678
6,629
21,085

72,136

129,265

218
20,778
7,115

27,71*2

56,051*

5,733

1,832
36,167

1.8

1*60

63,232
2,738
8,792
30,630
21,101
26,336
523
18,206
1,331*

1,331*

3U3

8,999

8,890

105

19,1*76

6,51*2

6,067

1*55

119,002

130,1*1*6

9l*,127

5

U6

10,561*
1*5,781

3

22,125
110,U30

18,71*9

23,026
521
i8,l6a

1*,513

35

2,050
9,109
2,309
1,793

U61*

1.36

3

1*3

38

1
36

1,517

1*

1*

2
lA

11
9
77

U
77

35

35

5,l*0l*

20
30,915

3,278

3,211

10l*,8ol.

611*

32,755

32,685

679

21*

21*

272,21*2
6,li6o

166,130

6,315
i,itJ*a

295
272,123
700

23,703

6,951*

2,161

U,505

295
166,705
700
10,193

2,772,301

1,1*69,359

981*,1*77

318,1*65

672,701*

1*9*,151

135,1*82

1*3,071

38,1.1.3

38,238

I,3lt5,2't6

1,092,988

300,122

775,527

17,339

21*9,739

167,059

81,1*82

1,198

2,519

2,298

Ili2,lt79

101*, 782

2,1*22

120
13
35

6

3.0,536
3,1*00

2U

1*7

21
291
65

2U

30,719

37,397
11,090
38,110
30,607

36

265

37,661
11,12U

11*1*

8,971
37,237

101,901
8,706
26,701
52,073
87,515

1*59

20,095
75,697
86,192
123,879

1,621

3l*,7l*3

3l*,5W»

167

32

333,662
U3,9lH

268,960
27,895
26,397

107,51*5

219

28

51*2

7't9,565

W*J687

8,602
lA,3lt7

7,902
32,818

3,W3,U48

633_

Latin Anerlca:
Argentina
Bolivia
Brazil
Chile
ColcBibla.

Cuba
Dcmlnlcan BepubXlc .....
Guatemala
Mexico
Netherlands West Indies
hitH Surinam. ........
Peru
Republic of Fanaaa.
El Salvador.
Uruguay

.

Teoiezuela

Other Latin America.

Total Latin America..

55,1*73

89,136

38,1*36

153,000

8,1*15

61*,

702

61*, 012

319

16, 01(6

10,300

395
3,561
3,873

19,227
80,117

15,998
18,899
73,872

220
6,166

108

13,725

2,700

9,966

9,81.0

50

76

211*

38,U69
50,162

35,255
36,351
1U,689
51,016

125
8,006

3,089
5,835

15,51*3
57,61*3

9

81*5

1.8,1.27

33,911*

32,336

175
2,960
1,517

6,1*52

52,002

18,051*

133,51*8

27,500
12,536
129,675

'•5,33:

35,367

18,91*2

67,1*55

28,986

28,772

91,139

1*0,902

1*0,586

5lt,799

9,087
25,113
61*, 596
73,715

29,600

117,322
131,109

39,256
31,798
6U,935
96,998

2,295

316
569
6,232
339
20,988

1,682,095

1,090, 61tl

8ll»,963

209,832

65,81*6

590,1*71*

552,1A3

19,977

36,121
31*, 527
71,370
76,308
67,318

27,368
28,863

26,736
28,853
31,307

31*2

290

8,753

8,251
5,656

502

5,661*

28

72,391
65,901

26,l*Ol»

1*1*,

52,071*

12,515

12,390
12,875
856,062

U5,62li
213,881i

89,1*85

1*53

371

1.8

79

615
61

75

hh
385
197

385
197
61*0

Asia;

China HalnXand

Famosa
Eong Kong
India
Indonesia

31,851*

Iran
Israel
Japan
Fblllpplnss
Thailand

19,31*2

12,1*62

15,172
897,116
321*, 777
192,999

12,896
880,858

Turkey
Other Asia

8,820
268.U60

l*,658

l*,6o6

233.283

Total Asia

2,012,330

1,863,991*

Australia
Belgian Congo
E^ypt and AngloEfei-ptlan Sudan
Union of South Africa
OMx&r

51*, 802
125,876

53,370
33,158
90,558

Total other countries

357,761*

10

200

31*7

39,1*1*7

39,311*

1*10

1,577
1,312

3,686
1,1*16

3,680
1,U16

6,880
2,276
16,258
20,737
3,523

6,880
1,583
16,258
20,687
3,523

72

21

105
6

69
231

231

1

1

56

56

69

693

21, 1*61*

1,332

10,055
178,058

9,1*16

52

1*,162

200.321*

26,1*52

6.507

3**. 316

l.,l6l
33.61*8

65

1
603

861

861

1,51*9,009

293,506

21,1*79

11*7,118

11*5,057

1,338

723

1,218

1,218

51,71*3

18,1*35

2,658
16,633

2,632

1*25

1,210

81*9

2
361

1*25

16,298

30,650
91,225

2,631.

121*, 156

510

510

50,025
31,356
67,815

19,250
17,219
58,269

30,000
13,200
970

775
937
8,576

3,31*1*

6

1

1,767
22,256

3,338
1,757
19,522

35

31*

550

5
2,181*

U87

1*73

325,095

129,1*71

166,01*5

29,579

31,211

28,098

555

2,558

1,1*58

1,1*1*3

1,691,21*6

1,386,808

238,831.

65,601*

1*4,618

1*3,837

303,981*
189,1*76

281*, 513

10,865

553

50

Other countries:

Intamatlcoal
Grand total

1,701*, 617

1,701*, 617

10,585,500

8,81*9,636

93,169
1*,

356,093

1,571,616

39,832

001, 003

1*92,51*0

1*,

5

1

.

.

June

!

19'yJ

65

CAPITAL MOVEMENTS
Section III A - Preliminary Details for Month
of March 1953
Table 3.- Purchaaes and Sales of Long-Term
Securities by Foreigners
(In thouaapde of dollars)

.

Purchaaes by foreigners

Total
purchaaee

Europe:
Austria
Belgium
Czechoelovakla.
Donmark
Finland

U.S.

Oorem-

nent bonds
and notes

Foreign securities

Corporate and other
Bonds

It,

23

2,123

448

801

Italy
Hetherlanda

5,928
110
26
708
3,568

155

ITorway

1,156

118

31

363
51
66

257

.

Total Europe.

Bonds

14

5,453

2,196

110

4,681
49

10

212

25

Foreign securities

Corporate and other

262

Stocks

14
1,223

1,122

83

104

4

650

4

2,280
51
26
421
1,591

1,361

197
858

16
707

6,841

15
126

291

718

9

610

U

16

376

83

186

7

51

59

38

18

13

1,095

1,006

61

23

4

4,788
116

235

32
767

3

116

107
60

1,749
59
29
559
5,172

69
904

141

392

66

1,235
57

17
579

69

109
3,345

64

4

457

20,184

5
805

42

1,887

228
22,590

52

1,633

2,080

40
1,042

19,206

799

16,978

5,772

1,269

8
31,646

89
1,952

Wt,02lt

11,093

1,486

2,942

1,190

91*5

208

206

460

17

54

1,617

106

24

16,711
8
14,935
10
1,228

238

21

43,819

16,751

6,568

76,217

15,633

4,329

42,330

9,021

4,904

13,171

8,308

19,391

83,538

l,8l6

13,565

12,730

30,062

25,365

292
22
581
97
186

28

18
2
5

279
46
1,252
223
259

34

1

518
290

95,109

Canada

ment bonds
snd notes

619

70

177
27,506

GoTsm-

1,067

I175

Sweden
Swltserlanl....
U. S. S. E
thltad Kingdom.
Yugoslavia
Other Europe

U.S.

1,286

1.9

Poland
Portugal
Rumania
Spain

Domestic securities

Total
sales

Stocks

23
5,5l<3

Prance
Gennanj
Qreace

.

Sales by foreigners

Donee tie secva-ltlee

Country

52,02l4

22,306
1,554

«)

5,665

9,600

Latin America;
Argentina.
Bolivia...
Brazil....
Chile
Colombia,.

361
25
1,119

23

15

li2l»

12
2

233

Cuba
Dominican Republic . .
Guatemala
Mexico
Netherlands West Indies
.

.

and Siirlnom

2,542

40

67

39
50

1,671

1

12

30

253

309

Peru
Republic of Panama
El Salvador
Uruguay
Venezuela
Other Latin America.,
Total Latin America.,

778

•15
26
18
418

77

it66

4

1,6W(

l3l

70

28
3, "162

877

440

1,640
1,596

500

122

15,609

1,845
10

48
1,655

1,030

25

l<5

175
20
192

2,283
47
41
1,543

232

311

62
72

2

400
1,189
20
1,357
1,521
312

28
633

274
43
29

144
1,178
29
3,024
999
326

8,699

3,074

1,151

11,984

1,244

297

183

9
9

30

1,967
118
32

132
8
514

182
35

458
114

33

26

6
87
38

700
71

5

259
1,883

248

12

245
35

41
1,084

79

46

25
20
1

95

62

128
265

117
703
29

9
10

18
4o8

2,384
907
285

225
21

326
57

31

486

8,539

798

32

69
13

10

2,066

Aala:

China Mainlani
Formosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
PhlllppineB
Thailand

69

.

1,798

59

10

kk
2
,

Turkey
Other Asia.
Total Asia.

3

Total other ccun tries.

84

128

International
GraiKL total

14

2
7
19

40

31

38

256

4

174

17

392

27

21
300

1,759

1,062

369

5,526

79

2,3't8

2,865

234

63

325

2

60
1,020

88
25

2

28

69

295
987

289
692

49

33

1,143

993

51

165
-155

25

4
1

"T35~

2,711
20

91

36

149
1,242

Tjm

3

33
16
109

19

44
95

43

132
113
4

U

30

424

28

3

526

Other countries:
Australia
Belgian Congo
Egypt and AngloEgyptian Siidan
Union of South Africa.
Other

17
2
1,783
5

52

2,746
26
99
44

135

3,310

1

2

9
552
183

478

17
2

51

10

1,156

514

84

550

169,037

26,260

16,437

69,141

"Tsr

"^

1,298
293

29,651

27,548

178,856

17,627

18,476

9
65

177

105

67,117

42,902

32,734

66

Treasury Bulletin
.CAPITAL MOVaffiUTS.

Section IV - Supplementary Data by Countries
Table 2.- Long-Termi/Clalme on and Liabilities to Foreigners Reported
by Banks and Bankers
(Poeltlon at and of calandar ysar In thousands of dollars)

Country

.

June I9ij

67

.CUMULATIVE TAHtE OF COIJTEnTS_

July 1952 through June 1953
iQsua and page nianbar
1952

July

Aug.

Sept.

1953

Oct

Fab.

Apr.

May

Article:
Treaaury f Inane Ing operationa

Summary of Federal fiscal operations

,

Budget receipts and expenditures:
Recelpta by principal sources
Expenditures by major classifications
Kxpandltures for national defense and related activities
Erpendlturea for International finance wn^ aid
,
"Other" expenditures
,
Sunnnary of budget results by months and years
,.
Detail of budget receipts and deductions by moDths and years......
Detail of budget expenditures by aontha and years
Social Security Act
Railroad Retirement Act
Railroad Unamployment Insurance Act

2
2
3
3
It

5

6
9
15
16
16

Trust account and other traneactlone:
Sunnnary of trust account and other transactions
Trust account receipts
Trust accoxmt expenditures other than net InTestmente .............
Net trrvestmanta of Oorommant agencies in public debt securities..
Federal Old -Age and Surrivors Insurance Trust Fund
Railroad Retlranent Account
Uneniployaant Trust Fund
National Service Life Insurance Fund
,

8
8
9
9
10

10

U
U

8
8
9
9
10
10
11
11

9
9
10
10
II
11

9

9
10
10
11
11

9
9
10
10
11
11

9
9
10
10

11
11

17
17
18
18
19
19
20
20

9
9
10
10

U

9
9
10
10
11

11

11

8
9
9
10
10
11
11

12
12
13
13
Ik
Ik

12
12
13
13

12
12
13
13

11.

11.

lU

11.

2k

15
15

15
15

15
15

25
25
26
26
27

16

16

16
17
17
18

16
17
17

16
16
17
17

18

18

18

18

18
19
20

Treasury cash Income and outgo:
Summary of cash transactlcmB
,
Derivation of cash budget receipts
Derivation of cash budget expenditures
Derivation of cash trust account transactions
Derivation of cash borrovlng or repayment of borrowing.....
Cash operating incotne ""i^ outgo by months........ ................

12
12
13
13
lU

12
12
13
13

12

11.

ll»

ll»

lit

lU

21
21

12
13
13

22
22
23
23

Oeneral Fund of the Treasury:
Status of the General Fund
,
General Fund balance by months ....................................

15
15

15
15

15
15

16
16
17
17

16
16
17
17

18

18

16
16
17
17
18

18

18

18

27

19
20

19
20

28

19

29

20

19
20

21.

Debt outstanding:
Summary of Federal securities
Net change in Federal securities
Interest-bearing public debt
,
Net change in interest-bearing public debt
Special issues to U. S. Government investanent accounts
Ccmputed interest charge and computed Intereet rate on Federal
securities
Treaaury holdings of securities Issued by Government corporations
and other agencies
Public debt and guarsnteed securities outstanding by months

16
16
17
17
18

16
16
17
17
18

16
16
17
17

18

16
16
17
17
18

18

18

18

18

19
20

19

19

19

19

20

20

20

20

Statutory debt limitation:
Status under limitation.
Application of limitation to public debt and guaranteed securities
outstanding

21

21

21

21

21

21

21

30

21

21

21

21

21

21

21

21

21

30

21

21

22
2k

22
2k

22
2k

22

22

22

22

22

22

2ll

2lt

21.

31
33

22

2lt

21.

21.

21.

25

25

25

25

25

25

25

31.

25

25

25

35

26

26

26

Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U. S. Govemnant.
Offerings of Treasury bills
Offerings of marketable issues of Treasury bonds, notes, and
certificates of indebtedness
Disposition of matured marketable Issues of Treasury bonds, notes,
and certificates of indebtedness

,

26

26

26

26

(Continued on follovlng page)

26

26

26

Treasury Bulletin

6g

.CUMULATIVE TABLE OF COHTENTS,

July 1952 through June 1053

-

(ContlnuiBdl
Issue

aod.

1952

July

Aug.

Sept.

1953
Oct.

Not

Apr.

United States aavlnge bonds:
CumulatlTe eales end redemptlone by series
Sales and redeonptlone by periods, all series combined
Sales and redemptions by periods. Series E through K
Bedemptlone of mati^ed wnH unmatured bcnde .......................
Sales and redemptions by denrmj nptirms , Series £ and fi and
Series F, CJ, J, and K
Sales by States, Series £ and E aod Series F, G, J, and E

27
27
28
31

27
27
28

27
27
28

27
27
28

27
27
28

32

32

32

32

33
3U

33

36
36

35
35

33

37

36

3''

3't

37
38

36
37

35

35

39

38

36

Treasury savings notes:
CunmlatiTe sales and redemptions by series
Sales and redemptionB by periods, all series ccmbined

33

Own ership of Federal securities:
Distribution by classes of investors and types of Issues
Net market purchases or sales for Investanent accounts handled by
the Treaaury
Estimated ownership

Treasury

s urvey

33
33

3't

of ovmershlp:

Ovnership by banks, insurance companies, and others
Ovnerahip by ccmmercial banks claaslfied by membership in Federal
Reserve System (latest date December 31, 1952)

Market quotations:

36

36

uo

-

End-of -month closijig quotations on Federal securities by issiies....
End-of -month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities

Uk

l»0

l»2

'u-r

'U3

'1^5

kk
k5

U6

k9

k6
kl
k8

1.8

55

50
51
51
52

52
53
53
5k

55
56

52
53

51*

39
'112

Average Yields of Long-Term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bands

''3

'•7

kk

U8

SuDEoary by principal sources

't5

"•9

Chart - Internal revenue collections by principal sources.....
Detail of collectiona by type of tai

U6
hi

50
51

"•9

53
5^

'•7

Internal revenue collections:

50

Monetary statistics:
Money in circulation
Monetary stocks of gold and silver..
Gold assets and liabilities of the Treasury......
Components of silver monetary stock
Silver production in the United States and acquisitions by nlnta
and assay offices
Seigniorage on silver
Increment frcan reduction in weight of gold dollar (latest date
March 31, 1953)
Net Treasury gold receipts (latest quarter ending March 31, 1953)..

50
50
51

51
52

56

55

55
53

57

Exchange Stabilization Fund (latest date December 31, 195?)
Balanc e Sheet
Inccane and expense..........

56
57

57
58

Capital moveaents between the United States and foreign
countries
Summary by periods since 1935
Simmary by countries and months ....•..•.......•.•.•.•••.•••......
Details for latest months by countries..., .............. ...........
Supplementary data by countries

Corporations and certain

o ther

53

56
60
66

59
62

66

58
61
65

5^
57

61

58
61
65

business-type activities

(latest date December 3I, iggg):
Loans outstanding
Balance sheets
Income and expense
Source and application of funds

page number

71

5k

57

61

May

June

1

A

~\s

L

7

^

/

H)

.?

v.^

:..

w'

i*

'\

1

"n

ytT'.TOh.

.^^

A

Treas.
HJ

U.S. Treasury Dept.

10
-^2
19 53
C.2

Treasury Bulletin

\
l!

M