Full text of Treasury Bulletin : June 1955
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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LIBRARY
ROOM 5030
JUN ?,31972
TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25. D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT E S
SAVINGS
BONDS
^
EUILILIETniN
JUNE- 1855
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE
SECRETRRV
Table of Contents
Page
A-1
Treasury financing operations
Summary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
6
Treasury cash Income and outgo
3
Debt outstanding and Treasurer
'
s
Statutory debt limitation
account
"
12
15
Debt operations
l6
United States savings bonds
21
Treasury savings notes
25
Ownership of Federal securities
26
Treasury survey of ovmershlp of Federal securities
2S
Market quotations on Treasury securities
3^
Average yields of long-term bonds
35
Internal revenue collections
37
Monetary statistics
^1
Nat lonal bank reports
^5
Capital movements
^6
Cumulative table of contents
5^
Note:
Where calculations have been made from unrounded
figures, the details may not check to the totals
shovm.
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. 3. Governnent Prlntlne Office, Washington 25, D, C.
Subscription per year S^.25 domestic, S5.25 foreign.
Single copy price varies.
Jane 1955
A-l
Treasury Financing Operations
May Bills Refunded
Four new issues of 91-day Treasury bills refunded the May
maturities In the full amount of $6.0 billion.
Each new Issue
amounted to $1.5 billion, the equivalent of the weekly maturity.
The average rates of discount on the new Issues were 1.626 percent
for May 5;
l.^i<-0
percent for May 12; l.k2J percent for May 19; and
1.^71 percent for May 26.
Note:
Details of Treasury market financing operations are shown elsewhere in
this issue of the "Treasury Bulletin," in the tables on "Offerings" and
"Disposition," respectively,
of marketable Issues of bonds, notes, and
certificates of indebtedness, and in
Bills."
the table "Offerings of
Treasury
.
.
.
,
.
June 1955
SUMMARY OF FEDERAL FISCAL OPERATIONS
(in
Budget roceipte and expendlttores Vet of
trust
account
Surplus, and other
Net
Expendor
transreceipts
Iturea
deficit
act! one
2/
i/
(-) 2/
wrii
n nnH
of
doUam)
Clearing
account,
etc.
y
2/y
I«TelB, end of period
Net
Net
increaae
public
debt, or
decrease
Increase In
Treasurer 'a
Treasurer's
cash balcaah
ance, or
balance
decrease
{-)
C-)
m
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
5/
76,991
r02,626
259,115
269,898
74,154
140,469
S08,077
S68,671
268,932
258,376
252,366
252,798
257,377
255,251
259,151
257,491
251,542
252,028
256,652
254,567
258,507
Fiscal years:
12,555
21,987
19Wt.
3'),Ol)5
79,1)07
19'*5.
't3,635
Wt,l*75
98,1)16
V^.
39,771
60,1)1)8
39,786
Ul,U8e
37,696
39,032
33,069
39,507
39,617
19^7.
19lt8.
191)9.
95,059
l),568
23,461
64,274
64,307
57,679
10,740
358
6,515
10,66s
4,529
-10,460
2,991
9,507
20,169
24,698
14,238
72,422
136,696
201,003
258,682
269,42s
555
-507
366
483
-214
-401
-11,136
-5,994
478
4,587
-2,135
3,883
-10,930
1,624
-1,462
2,047
1,839
-388
3,308
4,932
3,470
5,517
7,357
6,969
258,286
252,292
252,770
257,357
255,222
259,105
6,966
5,189
-2,299
2,096
4,670
6,766
266,071
271,260
52
328
-250
-303
81
266,123
271,341
265,522
270,790
-21,490
-57,420
-51,423
-53,941
-20,676
-1,613
-338
-2,222
791
-524
754
8,419
-1,811
-3,122
3,510
-4,017
-1,103
-9,449
-3,117
435
-29!)
-495
99
679
147
4,100
1,683
433
476
90
73
27
20
29
.40,796
1950.
1951.
1952.
36,1*95
'•7,568
61,391
65,408
1953 6/.
ig-i^ bj.
6U,825
6U,655
7l),27l)
67,772
1955 (EBt.)..
1956 (Est.)..
59,000
60,000
63,504
62,408
-4,504
-183
-119
641
67
3,040
1,700
-1,766
-a, 408
5,000
5,000
274,300
276,000
51
31
274,351
276,031
n.a,
n,a.
191*3
16,081
3t,227
19ltJl
1*3,21)6
I9U5
1*3,678
38,568
-41,461
-55,691
-53,650
-43,594
-2,512
-1,788
-266
-1,161
-123
-1,386
362
50,232
57,707
64,753
47,484
-18,966
6,983
1,751
9,942
3,767
-22,502
10,543
12,294
22,236
26,003
3,502
108,170
165,877
230,630
278,115
igitfi
57,542
89,918
96,896
87,271
4l,080
112,471
170,108
232,144
278,682
259,487
110,833
171,202
239,099
288,559
258,554
19'*7
1)0,389
1)0,861)
2,434
5,241
-3,592
-350
-229
-2,249
-4,100
4,331
-422
2,711
-447
62
256,981
252,854
257,160
256,731
259,461
256,127
252,057
256,413
256,026
258,794
-5,842
-9,157
-3,683
-319
-209
-34
7,973
7,777
3,582
1,770
-1,488
603
3,097
4,208
4,679
4,232
4,295
6,064
4,577
5,180
256,900
252,800
257,130
256,708
259,419
70,682
72,997
64,854
311
815
-41
101
739
-240
199
234
87
-106
-405
I9U8
37,955
35,623
41,106
37,728
56,337
4,301
4,230
1,514
567
339
81
267,391
275,168
278,750
34
267,445
275,244
2-^,784
266,821
274,671
278,256
5,072
6,018
6,022
-1,712
-1,640
-152
-239
301
36
-578
-264
188
6,598
536
-269
4,071
-1,067
-196
8,741
7,675
7,479
272,669
273,206
272,937
64
272,732
273,269
273,001
272,148
272,688
272,422
5,753
5,183
6,437
-2,748
-628
-1,849
-219
79
-176
165
-476
719
449
1,822
-40
-2,352
797
-1,346
5,126
5,923
4,577
273,386
275,209
275,168
66
74
76
273,452
275,282
275,244
272,875
274,707
274,671
5,218
4,707
5,555
-185
737
5,879
9
-135
-160
-320
-^7
-4,546
-533
944
1,366
4,044
4,988
6,355
274,849
274,782
270,235
75
77
77
274,924
274,859
270,312
274,362
274,300
269,757
5,296
5,203
7,308
-2,545
-1,611
3,336
-36
410
193
-427
394
593
-511
146
811
2,4a8
-e,2i5
-1,567
700
1,280
4,787
6,766
271,047
273,475
271,260
80
80
81
271,127
273,555
271,341
270,572
273,002
270,790
4,827
6,731
5,019
-2,000
-2,820
-68
-169
304
-121
-97
-222
-276
21
-145
-2,542
1,233
-313
4,224
5,457
5,145
270,984
274,955
274,810
21
27
29
271,005
274,982
274,838
270,466
274,447
274,305
4,857
3,84e
6,288
-2,218
358
-2,546
-311
391
100
104
-209
425
3,942
101
-103
1,518
641
-2,124
6,663
7,304
5,180
278,752
278,853
278,750
34
34
34
278,786
278,888
278,784
278,255
278,357
278,256
5,1)27
9,7l»l
4,942
4,831
5,894
-287
596
3,846
332
-11
-7
-186
354
36
-311
-257
-4,134
-451
682
-260
4.728
5,411
5,151
278,439
278,182
274,048
24
27
33
3,732
5,228
-1,496
-164
309
2,601
1,250
6,401
276,649
37
278,463
278,209
274,080
276,686
277,949
277,697
273,571
276,179
1)4,058
46
Calendar years;
19112
19't9
37,511*
1950
1951
37,306
52,979
1952
1953
61), 81)0
195'*
61,171
Mcmths:
63,81)1
6/
-3,358
-502
471
-423
55
30
24
42
54
76
6/
1953-July
August.. ..
September,
October. ,
NoTeober..
December,
195l)">January .
,
February,,
March
April.
Hay...
Juoe.
July
August . , .
3,360
1*,378
5,870
3,005
l),555
l),588
5,033
5,1*W)
U.,l)3l)
2,751
3,592
10,61)1)
2,827
3,91i
September.
!),951
October,..
November,
December.
2,639
1955-January,..
February.
March
April.
1),201
3,71)2
1*,655
13
3,971
Source: Actual figures are from the old Dally Treasury Stateaent through
the calendar year 1953 except ae noted; actual figures on the nev
reporting basis (see footnote 6) are from the now Dally Treasury Statement and the new "fionthly Statement of Bacelpts and £rpendltures of the
United States Government"; estimates are based on the 1956 Budget
document released January 17, 1955, Including effects of proposed
legislation. More detailed infomatlon vlth respect to the figures on
this page is given in succeeding tables.
1/ Gross receipts less appropriations of receipts to the Federal Old-Age
and Survivors Insurance Trust Fund and the Railroad Retirement Account,
and refunds of receipts.
2/ Transactions of the Forel^ Eccnonlc Cooperation Trust Fund, established
under Section 114 (f) of the Ecoicaic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget expenditures. Beginning
with the fiscal year 1951, net investments of wholly owned Government
corporaticue and agencies in public debt securities are excluded from
budget expenditures, and are included with other siich investments under
"Trust account and other transactions."
Consists of transsctions of trust and deposit funds, Inveetments of
Government agencies in public debt securities, and aales and redemptions
of obligations of Government agencies In the market; excess of receipts,
or expenditures (-),
4/ For checks and interest coupons outstanding and telegraphic reports fz^om
^
1,U1
259,11)9
^
6/
5,1)87
63
63
Federal Reserve Banks, and beginning with tlie fiscal year 1954, also
deposits in transit and cash bald outside the Treastor; net Increaae,
or decrease (-}
For current month detail, see section on "Statutory Debt Limitation"
in each iaeue of the Bulletin, The limitations In effect during the
period covered by this table and the date when each became effective
are as follows: March 28, 1942, $125 billion; April 11, 1943, $210
billion; June 9, 1944, $260 billion; April 3, 1945, $300 billion;
J>i»e 26, 1946, $275 billion; and August 28, 1954, $28l billion
(temqioraiy increase ending on June 30, 1955). Guaranteed securities
are incliided under the limitation beginning April 3, 1945, Savings
bonds are included at cTO-rent redemption value beginning June 26,
In
1946; prior to that time they were included at maturity value.
the debt outstaikLlng, savings bonds ars carried at current redenq)tlon value.
New reporting basis as announced February 17, 1954 (see April I954
"Treasury Bulletin," page A-2). The new Dally Treasury Statement
shows cash deposits and wlthdrawale in the account of the Treasurer
of the United States, The new Monthly Statement includes agency
transactions not cleared through the Treasurer's acooimt, and shows
receipts when they are received by collecting officers and expenditures when checks are Issued or payments are made by disbursing
officers.
Not available.
-
..
,
.
.
Treasury Bulletin
KJI3GET RECEIPTS AND EXPENDITURES
.
.
Table 1.- Receipts by Principal Sources
(In mllllona of dollars)
Internal reronue l/
Income and profits taxes
Fiscal jear
or Bonth
W^t?
Not
withheld
2/ 3/
accL
proflta
29, lift
33 ,012
10,7'i7
21,351
21,635
5'»,363
l.,086
53,906
'»,537
9,600
10,500
21,100
22,000
I»9,166
826
For railroad rotlr anient
For unenploTnent
Ineurance
29,306
31,171
anq)loy-
Bsnt i/
28,263
37,753
51,31*7
1B5
208
223
226
380
557
1,''59
Excise
taxes
2/
Total
2/
9,8te
10,073
13,535
18,521
U,U36
,169
,218
Estate
and gift
taxes 2/
Hot
othsrvlBe
classified
2/
Total
Internal
revenue
2,021*
8,01*9
39,379
2,381
8,301
2,1*77
8,31*8
1*1,853
1*0,307
8,303
39,1*1.9
231*
2,883
3,931
9,1*23
259
l*,562
9,726
51,106
65,635
620
603
277
285
5,1*25
10,011*
91*5
5,190
6,175
600
625
290
295
6,080
7,095
9,073
9,350
930
970
20
76
k
16
1
2llO
71*3
713
766
767
61.
785
781
715
65
61
8e
1.
1»,005
61*9
62
5
i.SSl*
5,631
10,902
1,616
1,690
2,106
3,120
3,569
561*
550
578
735
8/
1953
1951*
21,523
1955 (Est.)....
1956 (Est.)....
18,1<66
17,03'*
195'' -July
WlttaheU
2/
10,013
,
Hen reporting baale:
iDccns
,6IH
,
I9U9
1950
1951
1952
For
old-age
ioauraoce
,292
,735
,
I9W
fioplojnant taxes
Total
Corporation
g/
''9,53'i
l*,983
10,825
9 2/
70,171
70,300 2/
65,21.9
66,91.9
532
300
252
93
l,10ll
1,1129
1,035
2,578
i.tea
1,819
2,971
3,955
217
August....
Septenber.
2711
1.7
October. .
Horeaber.
Deceaber.
361
290
1,181
199
78
272
1,077
2,759
1,359
1,637
3,126
2,812
188
21
1*
213
91*
16
661*
329
61*
«
393
355
27U
6,812
2,239
881
881>
3,*77
2,916
1,721
17
6U
161
786
6ee
67
-2
9,279
31
U57
20
709
71.5
113
555
562
81.1
151
3
•.78
2,190
967
3,635
316
31*1
717
77
'*,77l
8,377
16,718
36,782
3,852
778
1.9,591
1955-JanuaiT--fobruai7..
Msroh. ....
April.
1955 to date.
U,6e7
lt,071
1.6
835
322
1*
I169
262
I*,
72
7,Wt3
583
2,81*9
77
-1
-1
5,116
*
2,700
-3
l*,629
l.,63l.
i}eductlons fl-cm tudget receipts
Miscellaneous
receipts
Fiscal year
or month
1/107
Total
budget
recelpta
Appropriations to
POASI
Trust F\md
u/
Approprl
atlons of
receipts to
Railroad
Retirement
Account
1*91*
'*,635
3,821*
l*l*,508
1,1*59
256
1*22
1*6,099
38I*
2,082
1*2,771.
1950
1951
1952
1(23
1,1*39
1*1,311
621.
1,639
551
1,811.
53,369
67,999
1,616
1,690
2,106
3,120
3,569
723
191*9
613
562
1,865
2,311 2/
72,61*9
73,173
570
570
2,302
1953
1951*
1955 (Est.).
1956 (Est.).
Internal
revenue
Total
refunds
550
550
575
736
2,982
2,250
2,817
2,135
2,082
2,275
1*,086
l*,537
620
3,095
17
603
3,3'*5
66,121
70,005
5,190
6,175
600
625
9
61,391
20
6
11
3,116
3,377
61.,825
6l.,655
3,307
3,182
20
20
1.
1*
3,331
3,205
59,000
60,000
85
70
2,827
3,911
2,1.86
251.
20
83
1
U9
3,11*8
l.,801
217
1*8
71*3
76
1)6
117
5,280
271*
1*7
68
6
1
1
October..
Hovember
December.
1*7
11*0
2,887
188
21
37
52
221*
l*,905
551*
91*
51.
2
2
1*7
165
'*,217
329
61*
80
1*8
1*30
'*,833
113
1*7
5,951*
60
276
J27
255
562
17
6U
51
U9
1*93
1,972
1955^a'>uai7...
Februaiy..
Nsroh
April.
1955 to date.
2
3
8
9
39,786
1.1,1.86
37,696
36,1*95
1.7,568
8/
1*5
.
6
3,006
2,272
2,836
2,160
2,107
2,302
17
19
17
16
15
18
August....
Septenber.
1951* -July
Bet
budget
receipts
ML
191*7
191*8
Hev reporting basis:
Refunds of receipts Ij/
11,069
,91*1
316
52,056
3,552
I*
Source I Actual flguree through 1952 are frca the old Dally Treasury Stateisantj
actual flguree on the nsv reporting basis are frca the new "Honthly Statesnt of Bsoelpts and I^psndltures of the United States QcTemBBnt" (see
8
lt,951
2,639
2
39
56
82
1.6
2
1.6
'•,655
2
206
1.6
206
738
2
71.1
5,1*27
9,71*1
19
872
671.
3,732
1.66
2,190
17
3
2,210
l.,201
3,71*2
1*5,667
footsote 8); estlaates are based on the 1956 Budget doouaent, released January 17, 1955, Including effects of proposed leglslatla
7ootnotes on page 5*
I
Jane 1955
-BUKET RECEIPTS AMD E3CPENDITUEES
Table 2.- Expenditures by Major Classifications
(In Bllliona of dollars)
FiBcal year
or aonth
Total
WltT
39,032
33,069 rU
39,507 il/
39,617
19W
19't9
International
affaire and
finance
Hatlonal
Beourlty
iy
Intereat
on the
pnkllo debt
K/
Teterana'
serrloea and
beneflta
J^
15,130
6,562
"•,958
U,Wi6
7,259
5,123
l','>79
11/
6,026 11/
6,1.69
5,1.63
8,1.76
3,798
2,839
5,211
5,339
5,750
5,613
5,859
65,l«)8
12,787
12,952
21,663
te,867 18/
1953
7'>,27't
50,276
2,l8it
6,50lt
195't
67,772
li6,522
1,553
1955 (Kot.)
1956 (Eat.)
63,50lt
liO,6Wt
62,to8
Ii0,lt58
1,200
1,090
't,a27
3,061
3,370
3,261
213
332
336
91.
33't
1,136
2,601
152
5ltl
321
71.5
73
3I16
89
192
368
1,200
3U9
373
-301.
liOl
756
99".
1*78
379
365
386
875
1,163
355
383
1,029
h,h^\
3,627
9,785
1950
1951
1*11,058
1952
Nov reporting baala:
AugiiBt
6,731
5,019
September
October
NoTember
December
l*,857
6,288
1955 to date.
81
3,300
3,316
3,739
3,8Jta
,
1955-Janiiftry
April.
l»,952
9,581
7,652
8,891
6,382
li,2li9
10,977
9,065
6,1.75
li,li08
6,300
li,6o8
5,333
8/
19511 -July
February
March
'»,8l7
6,878
6,517
li,9li2
3,176
'*,831
3,Oli8
5,891.
3,759 i2/
5,228
3,382
52,1161
33,70it
222
396
171
lUS
109 12/
78
891*
12/
Source: See Table 1. Expenditure claaalf Icatlona are baaed on the detail
available from the nonthly Treasury reporte and are described In the
footnotes; they differ scoaevhat frcm the classlfloatlone used In the
ia/
10,777
9,952
790
1956 Bud^t doouasnt, and eatlaates are adjuated In this table to
basis cuayarable with actual ezpendlturea as shovn.
Footnotes on page 5*
Table 3.- Expenditures for National Security
(In
Fiscal year
or month
Secretaiy of
Defense 20/
I9I.7
mlUlons of dollars)
Air Force
military
functions 21/
Amy
Navy
military
functions 22/
mlUtazy
15,130
11,1A6
12,787
12,952
21,663
te,867 18/
1.02
12,350 J8/
15,361.
1953
50,276
I1O9
1|6,522
Il61l
15,085
15,668
I6,2li2
1951.
1955 (Est.)
1956 (Est.)
to,61»U
Ii0,lt58
500
600
WW
V}^9
1950
1951
1952
New reporting basis:
1951. -July
5
161
3".3
fUDCtlCDS
6,911
5,965
.,998
5,31.6
l.,03U
It, 1.12
6,8u
5,757
9,961
12,910
15,200
15,600
1,690
3,506
6,238
11
99
3,052
299
108
5211
1.39
8
9I.8
908
656
3
2,292
I,6!i8
81.7
3
11,875
11,293
3,956
3,629
1,791
1,895
919
651
8,900
8,850
9,775
9,700
2,675
3,075
2,050
2,000
991.
331.
171.
228
210
169
160
61
60
187
181
152
170
156
158
II18
1.3
159
11,110
18/
59".
§/
1,105
511.
33
1,301.
38
1,182
877
806
839
698
817
October
November
December
3,300
3,316
3,739
1.1
1,271.
837
777
February
March
3,176
3,0U8
3,759 22/
April.
3,382
See Table 2,
Other 22/
1.56
35
Source:
Strategic and
crltloal
materials
61.7
3,061
3,370
3,261
1955 to date
21./
161
279
171
l.,171
August
September
1955 -January
Mutual
Atomic
mllltaiy
energy
program 2V
33,704 12/
783
1|8
1(0
1,272
756
763
ho
1,1.73
922
8I.5
38
1,558
1,230
775
712
-113
1,1.36
915
721
728
865
163
63 12/
158
151
153
1,31.6
8211
71.7
122
131.
58
13,181
7,863
7,875
1,583
61.8
36
W8
1,526 12/
Footnotes on page 5*
550
-150
36
126
39
29
239 12/
1.8
581 12/
Treasury Bulleti
BUDGET RECEIPTS AND EXPENDITURES
.
Table 4.- Expenditures for International Affairs and Finance
(In BlUlcBi of
doUm)
BooBcalo and
riaekl
Tur
IKjcii
limt
of Steta
»*7
6,5&
t««taBloal
CiTllla
r*Uaf la
OfiTcxvaaat
aaA r«li*f la
ualat-
aaoe (Mitoal
S^cttrlty Apt) £X/
B«ak2g/
-as/
133
229
265
299
938
3,798
2,839
277
2U
88
25
1953
2,18U
195l>
1,553
1,200
1,090
271
156
117
99
1,703
1,215
138
150
-te
-90
1,078
1,028
28
-39
2
-20
86
78
8
151
7
WW
W*
1950
wa
11,1179 11/
6,oe6 12/
it.eiT
»38
Iwr reporting baaia:
1951i-July
81
AogTiat
Septamliar
,...,
HoTtatibfiT ..>•••**.(«
Daoeobar
1955-J«nuar7
February
Maroh
11/
-60
li,0i>3
12/
1.5
3,523
3,006
2,191
91.
6
152
ll»
73
89
192
lit
8
11
Ik
9
-3
121
-U9
171
IW
109 ia/
78
^nni
1955 to data
Source I
511.
1.65
13l>
*,977
2,770
W.5
170
881
1,333
779
370
9
72
152
1.9
183
8/
1955 (Sat.)
1956 (Bat.)
Octobar
Othar 22/
QO0«pl*d araa
891*
a/
93
83
26
3
5
8
*
63
8
-11
7
91
169
2
2
1
-U
207
1
132
107 12/
1
1
3
-13
Sea Table 2.
1
71
28
863 }a/
Tbotnotaa on page ^.
Table 5.- "Other" Expenditures
(IB
Flaeal jaar
or BBth
Total
Soolal
aaonrltj,
inIf are,
health
s>
11l1nna of dollara)
Bonalne and
Tmuportatloa
AsrlooXtur* sad
asrlooltvral
d«T«lopMttt
Jl/
Loatlon
5,123
979
129
1948
19l«
1950
1951
1952
av reportli^ baalai
5,1*63
e,l>76
1,01.5
68
9,581
7,652
8,891
1,165
1,526
1,6*0
1,672
-56
-270
I95I1
10,977
9,065
1,801
i,8£e
1955 (Sat.)
1956 (Eat.)
10,777
9,952
1,860
1,909
21.3
3,251.
-72
2,357
1,136
2,601
165
11.9
58
-35
118
71.5
153
-2
26e
2,029
123
790
178
IW
!«
9
loe
-59
136
133
-301.
195 It-July
kagoBt
Saptaabar
Ootober
lorambar
Daoaaber
756
1955-Januar7
February
Mareh
1995 to data
Source 1
See Table 2.
2/
t.60
1.89
519
822
1,221
1,399
1,376
665
1,063
1,1.51
1.35
2,961
2,653
1,551.
1,389
1,360
1,180
l,5l«
1,357
107
122
U7
123
120
117
18
3,098
1«0
1.5
171.
2,81.2
939
1,121
1,393
299
287
399
1,032
1,338
1,697
1,1.86
711.
1,881.
l,l«9
1,839
1B8
138
2,000
2,a6k
1,81.1
52
1,1.53
lOJ.
a,333
2,ito
8/
1953
April
lataatrr
JiZ!
191.7
1,226
782
2,658
Otkar
«Bd
a/
,
133
-1,061.
131.
236
117
91
126
8*7
121
2,1.12
29
191
51
157
177
250
->i6
-58
875
1,163
178
135
137
UO
319
260
-13
681.
1,029
170
28
762
87
109
-873
11.5
9,7^5
1,55*
161
3,779
1,106
1,287
-125
2,ae3
991.
,
-556
38
97
137
89
Tootnotea OQ page 5>
39
50
201
155
173
Jane 1955
-BUDGET RECEIPTS AND KXFENDITURES
Footnotes to Tables
For further detail, aee tables under "Internal ReTenue Collections,"
Breakdown was not made in the Dally Treasury Statement for yeara
prior to 195^.
i/ Beginning January 1951, the distribution of receipts between individual Income taxes and old-age Insurance taxes is made In accordance
with proTlslone of Sec. 109 (a) (2) of the Social Security Act Amendments of 1950, for appropriation to the Federal Old-Age and SurvlTorB
Insurance Trust Fund (see footnote U).
kj Taxes on employers and employees xmder the Federal Insurance Contrlbutlone Act, as amended (26 U.S.C. ll4-00-lli32) and, beginning with the
taxable year 1951, tax on self-en^iloyed Individuals under the SelfBnployment Contributions Act (26 U.S.C. ^80-1*82).
5/ Taxes on carriers and their employeea under the RaiJjoad Betlrenent
Tax Act (26 U.S.C. 1500-1538).
6/ Tax on employers of 8 or more under the Fttderal Unemployment Tax Act,
as amended (26 U.S.C, I6OO-I6II).
jj Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried In the Daily Treasxiry Statement as
miecelleneoufl receipts, while the I956 Budget docimient Includes them
in employment taxes for those years. This difference in classification accounts for the difference In figures from the two sources.
After 1953 the contributions are credited direct to the trust account.
For amounts of the contributions, see "Treasuiy Bulletin" for
February 195^, page 7.
8/ As announced February 17, 195^ (aee April 195U "Treasur7 Bulletin,"
page A-2); see also page 1, footnote 6,
2/ In the 1956 Budget document, intemal revenue taxes not otherwise
classified are Included In miscellaneous receipts,
10/ Includes proceeds from eale of surplus property and flxim Governmentowned securities; seigniorage; deposits resulting from renegotiation
of war contracts (see "Treasui? Bulletin" for February 19^, page 5);
and railroad unemplc^nnent insurance contributions for administrative
expenses through 1953, after ^Ich they are carried as trust account
receipts under the Sailroad Retirement Board.
11/ Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are eqiilvalent to the amoxmts of taxes collected and
deposited for old-age Insurance (h2 U.S,C, 1K>1 (a)). The Social
Security Act Amendments of 1950, approved August 28, 1950
(6U Stat, 1+77), changed in certain respects the basis of transferring
the appropriated funds to the trust fund. Beginning January 1951,
the amounts transferred cinrrentlif as appropriations to the trust fund
are based on estimates of old-age Insurance tax receipts made by the
Secretary of the Treasury pursuant to the provisions of Sec, 109 (a) (2)
of the Amendments of 1950, and are adjusted In later transfers on the
basis of wage and aelf-emplc^Tnent income records maintained In the
Social Security Administration, Appropriation for the fiscal year 1955
was reduced in February by $300 million as an adjustment for overapproprlation to the trust fund of $90 million In 1952 and $210 million in
In April 1955 adjustment was made for overapproprlation of $50
1953.
mlUlon as of March 31, 1955.
12/ Eicludes the Government's contribution for creditable military service
ui^er the act of April 6, 19k2 (56 Stat. 201^), Beginning 1952, amounts
are appropriated to the Railroad Retirement Account eqxial to the amount
of taxes under the Railroad Retirement Tax Act deposited in the
Treasury, less refunds, during each fiscal year (65 Stat. 222 and
66 Stat, 371), and transfers are made currently. Previously, annual
appropriations were based, in effect, on estimated tax collections, with
any necessary adjxistments made in succeeding appropriations.
Interest on refxmds is included in Table 5 under "Other."
ExperxLltures are "net," after allowance for reimbursements to appropriations, receipts of revolving fund appropriations, and receipts credited
to disbursing accounts of corporations and agencies having authority to
use QollectlonB without fomial covering into the Treasury. The figures
include transfers to trust accounts. They exclude net investmente of
whn l lj owned Government corporations and agencies in public debt securities beginning 1951 (when these investments were grouped with those of
trust funds aai accounts), and public debt retirements chargeable to the
sinking fund, etc,, under special provisions of law. Payments to the
Treasury, parlnclpally by wholly owned Government corporations, for retirement of capital stock and dlapositlon of earnings are excluded fran
both receipts and eipenilturee. Further Infoimation on these capital
transfers may be found In the l$^k Annual Report of the Secretary of
the Treasury, page ltl8,
15/ Beginning November I9U9, Interest on the public debt is reported as an
expenditure when such Interest becames due and payable, as distinguished
from the previous practice of showing the expenditure on the basis of
Interest paid by the Treasurer of the United States.
Cansiste
of Veterans* Administration expenditures, including the direct
16/
loan poxsgram.
17/ Includes transactions relating to the Foreign Booncoiic Cooperation
Trust Fund (see page l),
3jB/ Bet transactlcms by the Departments of the Air Force and the Amor relating to "Deposit fund accounts" are Included under "Trust Account
1
1/
2/
12/
gp/
a J./
22/
23/
2^/
25/
g£/
g?/
28/
2g/
30/
31/
32/
33/
^
3 if/
.
3?/
36/
*
through 5
and Other Transactions" Instead of "Budget Becelpte and Expenditures,'*
beginning 1952.
A more detailed breakdown became effective In the Monthly Statement for
March 1955 which resulted in a shift between "Econonlc emd technical
assistance" on one hand and "Mutual military program" and "Other"
national security (direct forces euppoirt) on ..he other. Figures for
the reclassified itens are not available by Ljntha for July through
February, however, and are included only in the cumulative figures
shown for the fiscal year to date.
Includes retired pay for the military services beginning September
I9U9 and interservlce activities beginning July 195'*.
Excludes certain expenditures made on behalf of the Department of the
Air Force out of I9U9 and prior year appropriations to the Department
of the Array.
Includes certain expenditures on behalf of the Department of the Air
Force (see footnote 21).
Consists of expenditures from funds appropriated to the President
xmder the Mutual Security Act, approved October 10, 1951
(22 U.S.C, 1651), and the preceding Economic Cooperation Act; and
Greek-TurfclBh assistance,
Consists of expenditures of the Atomic Biergy Commission,
Consists of payments xuider the Armed Forces Leave Act, erjwndlturea
for sinTilus property disposal, and in 19^+7 also national defense
expenditures of the Reconstruction Finance Corporation and certain
other agencies; beginning 195lt-, consists of direct forces support.
Excludes Bank expenditures under the Mutual Security Act and the
preceding Economic Cooperation Act of 19**'8, as amended,
Consists of expenditures from funds appropriated to the President
under the Mutual Security Act, and the preceding Economic Cooperation Act,
After 1952, expendltia^s for this purpose are not shown separately
in monthly reports to the TreasxnTr; those made by the Department of
State (the greater part, ciiirontly) are Included under that heading
in this table; those made by other agencies (principally the Department of the Aiiqy) are not Included In this table.
Consists of expenditures under the Bretton Woods AgreementsAct (19^7);
credit to the Uhlted Kingdom (I9U7 and 19^); expenditures of the
United Nations Relief ai^ Rehabilitation Admlnietration; relief to
countries devastated by war; various other foreign relief programs;
international children's emergency funds; and loan for construction
and furnishing of United Nations Headquarters,
Consists of expenditures of the Department of Health, Education, and
Welfare except the Office of Education, and of the corresponding
conqponent organlEations prior to the estabUahment of this department
on April 11, 1953; the Government's contribution under the Railroad
Retirement Act for creditable military service, and certain other
Railroad Retirement Board expenditures through 1953» a"^ also, beginning 1950, the school lunch program under the Department of
Agriculture.
Consists of expenditures of the Housing and Home Finance Agency, and
of con^Kjnent organisations prior to the establishment of this agency
on July 27, I9U7; Federal Civil Defense Admlnlsti^tlon; and disaster
relief.
Consists of expenditures of the Department of Agriculture except the
Forest Service and the school lunch program; and of the Faim Credit
Administration,
Consists of expenditures of the Department of the Interior; the
Tennessee Valley Authority; the Corps of Eiigineers in the Department
of the Army (river and harbor works and flood control); and the
Forest Service in the Department of Agriculture,
Consists of expendltiires of the Civil Aeronautics Administration,
Civil Aeronautics Board, Maritime activities and predecessor agencies,
and Bxireau of Public Roads, all now in the Department of Commerce; the
Coast Guard in the Treasuiy Department; and the Poet Office Department. Figures prior to I95U include net expenditures of certain working fui^s of the Department In addition to the Postal Service Fund
(advances to cover the postal deficit). Effective with 195**, net
eipeailtupes of the DopartniBnt, including the Postal Service Fund, are
on the basis of cash receipts and expenditures recoiled in the accounts
of the DepartHKnt.
Consists of expenditures of the Department of Ccmmerce except those
Included under "Transportation and conmrunlcatlon"i the Reconstruction
Finance Corporation (as in liquidation by the Treasury Department beginning July I95U); Federal Faculties Corporation beginning July
I95U; the '=>Twn Btisineas Administration; the Economic Stabilitation
Agency; and fuoda appropriated to the President for the expansion of
defense production.
Includes expenditures for executive depaj-tments and other agencies
not included elsewhere and for legislative and Judicial functions,
Less than $500,000,
,
Treasury Bulletin
.TRUST ACCOUMT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Trust accounts
Het of
Fiscal 7ear
or month
tranaactlana
19'*7
WW
^
Net receipts, or
expend 1 turee ( - )
-1,103
2, 619
-2911
2,658
1,890
is^g
1950
1951
1952
Erpendl turee
(other than net
Inrestmente)
Becelpts
6,2kk
6,515 2/
GoTemnent agencies In
Net redesptlons, or sales {-),
of securities of GoTenaaent
agencies In the maricet
public debt securities
Guaranteed
Not guaranteed
-28
-123
99
679
-281
3,852
3,855
6,669
7,796
8,807
3,625
3,857
3,824 2/
6,950
3,945
4,952
^35
328
3,760
2,386
8,929
9,155
5,169
6,769
3,301
2,054
-7
-29
32
33
9,804
11,283
8,308
8,894
2,454
2,751
31
20
-806
-1,022
660
526
788
-91
311
-48
61
-27
-6
-1
-161
-142
-5
-1
-32
-''95
Nev reporting basis:
etc
.
Het Inrestoents of
truet account
and other
5,71'!
3,362
3,060
2,311
3,557
3,636
387
16
46
8
-10
-16
14
-374
88
-402
28
^
1953
195l>
1955 (Est.)
1956 (Est.)
-183
l,l«96
61.1
2,390
195'' -July
-169
30U
-121
-227
U3I.
August
September
697
1,22 It
U57
October
NoTembor
December
-311
391
100
-U30
52U
317
991.
800
469
890
573
1955-January
February
March
332
-11
-7
-313
-53
17
268
600
778
581
653
761
-I6lt
-606
528
1,134
April
-331
370
Source: Actual figures through 1952 are from the old Dallj Treaeuiy Statei»nt;
actual figures on the new reporting basis are from the nev "Monthly Statement of Receipts and Expenditures of the United States Government" (see
footnote 3): estimates are based on the 1956 Budget document, released
January 17, 1955, including effects of proposed legislation.
1/
2/
2/
•
167
191
-134
-79
97
90
28
«
25
10
-521
-3
-6
-67
40
-24
-4J3
Excess or receipts, or expenditures (-).
Excludes Foreign Economic Cooperation Trust Fund (ses page 1).
As annoimced February 17, 1954; see page 1, footnote 6.
Less than $500,000.
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old -Age
and SuTTiTors
Insurance Trust
Fund
Fiscal year
or nonth
1947
1948
1949
1950
1951
1952
Sallroad
Betirement
Accoxmt
6,244
6,515 i/
5,714
6,669
7,796
8,807
1,623
1,807
1,924
2,367
3,411
3,932
797
625
645
676
850
8,929
9,155
4,516
5,080
9,804
11,283
323
Unemployment
Trust Fund
1,289
1,313
1,173
1,281
1,542
National Service
Life Insurance
Fund
1,643
1,504
740
690
1,076
684
786
742
737
1,594
1,492
637
619
5,7T4
6,799
702
1,503
1,712
575
621
434
1,224
457
228
764
287
20
43
76
47
275
12
October
Hot ember
December
370
994
890
204
572
531
22
95
65
1955-Januaiy
February
March
268
600
778
115
277
576
17
65
47
23
157
19
528
335
20
56
New reporting basis:
1953
1954
1955 (Est.)
1956 (Est.)
1954-July
August
September
April
GoTemnent
GoTenment
Life
Insurance
Fund
employees*
retlreaent
fuais 1/
134
90
92
87
66
87
578
594
680
809
850
912
Other tmst
funds and
accounts
2/
792
1,174 1/
529
403
545
597
4/
731
Source: See Table 1.
1/ Consists of ClTil Service and Foreign Serrice retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian
tribal funds, islani possessions, Increment resulting from reduction in
the weight of the gold dollar, and through June 1950 seigniorage on silver
under the Silver Purchase Act of 1934. Thereafter any such seigniorage Is
included under budget receipts. Beginning with the fiscal year 1954, the
961
691
401
457
78
712
75
945
461
401
34
37
31
3
61
45
4
43
24
3
31
45
35
42
3
218
32
33
3
3
29
37
46
36
38
43
3
32
40
35
170
79
78
42
41
2
25
35
31
3
41
51
2
40
39
Railroad Unemployment Insurance Adainistratloo Fund la classified as a trust account, instead of being handled through
budget accounts as formerly (see "Budget Receipts and Expenditures," Table 1, footnote 10).
Excludes Foreign Economic Cooperation Trust Fund (see page 1).
As announced February 17, 1954; see page 1, footnote 6,
June
m^
-TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- TruBt Account Expenditures Other Than Net Investments
(In mllllona of doUara; negative figures are excess of credits)
Federal Old-Age
and Survivors
Insurance
Trust Fund
Fiscal year
or month
Ballroed
Retirement
Account
Unemployment
Trust
Fund
19'»7
19lta
3,625
3,857
1.66
173
559
191*9
3,82lt kj
661
222
278
1950
1951
1952
6,950
78I*
3 Oil
3,91*5
l*,952
1,569
2,067
321
391
5,169
6,769
2,750
I165
1,010
3,li05
502
8,308
11,1.59
8,891*
1*,968
660
National
Service Life
Insurance
Fund
282
302
1,311*
2,026
900
3l.«
Govenment
Ufe
Insurance
Fund
Government
employees
retirement
funds 1/
67
70
61
other
trust funds
and accounts
2/3/
Deposit
fund
accounts
(net) 2/
323
1,073
372
21*1.
1,231.
367
222
268
271
300
370
;87
-I9I.
1*13
-31*6
526 kJ
1.11.
96
,988
2,9
614
996
111.
363
lAl
1,71*5
623
11*7
1.11
1*95
-529
-558
581
590
1,712
531*
86
W.7
599
-110
1,591*
517
88
1.89
51*9
100
300
295
382
79
179
180
172
1*5
31*
1.6
-31.
36
35
1*7
1*3
10
7
7
-126
86
1(1*
6
1*5
153
156
1.1.
1169
357
355
1*3
6
33
-37
573
361*
1)6
161.
1.2
6
35
36
35
20
-13 If
-103
581
653
761
370
382
399
1.6
201.
1*3
6
35
25
-1I.7
1.6
181.
U3
6
3"*
28
1.8
192
50
7
37
-71
-15
1,131*
1*16
1.8
11*3
1*9
36
391
1,01.9
77
82
2/
Hew reporting baais
1953
195"*
1955 (Est.)
1956 (Est.)
195l»-jiay
August
September
526
788
October
November
December
800
1955-Jaiiu£Lr7
February ......
March
April
1.1.
1*3
Soux^e; See Table 1,
1/ Consists of Civil Service and Foreign Service retirement funds.
2/ Includes Adjusted Service Certificate Fund, District of Columbia,
Indian tribal funds, eipeDditures chargeable against Increment on
gold, and beginning 1950, Mutual Defense Assistance Trust Fund.
Beginning with the fiscal year 195I*, includea also the Railroad
1*5
2/
6/
Fiscal year
or month
;
127
Unemployment Ineursnce Administration Fund (see Table 2, footnote 2).
Includes net investments in public debt aecurltiea by certain
accounts through 1950 (see Table 1*, footnotes 2 and 3).
Excludes Foreign Economic Cooperation Trust Fund (see page 1),
Includes transactions by the Air Force and the Amor beginning 1952.
As announced February 17, 195^*; see page 1, footnote 6.
Table 4.- Net Investment of Government Agencies in Public Debt Securities
(In mllllona of dollars
21
negative figures are eiceee of reden^jtlona)
.
.TREASUBY CASH INCOME ANH OUT&O
The oaeh Income and outgo of the Treasury shovm in
Table 1 conelet of cash depoaltfl and withdrawals In the
account of the Treasurer of the United States. This is
in line with the new reporting basis of the "Daily
Statement of the United States Treasury."
Effective
February 17, 1954, the Dally Treasury Statement shows
deposits and withdrawals in the account of the Treasurer
of the United States.
Budget results and trust account
and other transactions are now reported once each month
in the "Monthly Statement of Receipts and Expenditures of
the United States Oovemment" (seepage A-2 in the April l^^h
iBBue of the "Treasury Bulletin").
rigures for previous fiscal years heretofore published
have been revised to the basis of deposits and withdrawals
by eliminating corporation and agency transactions included
in the old Daily Statement but not cleared through the
Treasurer's account.
The cash borrowing or repayment of
borrowing as now shown is likewise based only on transactions cleared through the Treasurer's account.
follow the method used previously for deriving cash income
and outgo from the transactions carried in the old Dally
Statement.
Some rearrangement has been made in the table
principally to combine all receipts and all expenditures instead of deriving separately the cash budget
and trust account transactions.
setup,
Reporting bases for the two statements differ in two
Certain corporation and agency transactions in
respects.
securities which are not effected through the account of
the Treasurer of the United States are included In
the Monthly Statement but excluded from the Daily Statement.
These are eliminated from the Monthly Statement figures
in arriving at the cash transactions shown in the tables
which follow.
Other differences arise because of the
differences in timing, as between checks Issued {Monthly
Statement) and checks paid (Dally Statement ) for expenditures or between collections (Monthly Statement) and
clearances (Dally Statement) for receipts. Thus an
individual transaction near the end of a month may be
Included during that month in one statement but not
the cash transactions with the budget and
until the following month in the other. These differences
tend to correct themselves over a period of time, but for
actions which formerly appeared in the old Dally Statement
a given
In Tables
2,
3,
and k is given the reconciliation of
other trans-
and now appear in the new Monthly Statement.
These tables
reporting date it is necessary to Include an
adjustment figure to cover them.
Table 1.- Suamary of Cash Transactions
(In nllllona of dollare)
Jane
m5
.TREASURY CASH INCOME AND OtfTGO.
Table 2.- Derivation of Cash Depoeits
(In mllUonB of dollars)
Recolpta
FlBcol year or month
Budget (net) i/
1947
1948
1949
1950
1951
1952
Trust acoount
Total
39,786
41,488
37,696
36,495
47,568
61,391
6,244
6,515
5,714
6,669
7,796
8,807
1953
1954
64,825
64,655
8,929
9,155
73,754
73,811
1955 (Est.)
1956 (Est.)
59,000
60,000
9,804
11,283
68,804
71,283
2,827
3,911
4,951
434
1,224
457
3,261
5,135
5,1*8
2,639
4,201
3,742
370
994
890
3,009
5,194
4,632
February
March
4,655
5,427
9,741
April
3,732
268
600
778
528
4,923
6,027
10,519
4,260
46,030
48,003
43,410
43,164
55,364
70,198
New reporting basis; 4^/
1954-July
August
September
October
Norenber.
December
1955-J'snuary
,
•
Plus: NoncaBb itema deducted
from budget receipts - excess
profits tax refund bonds 2/
-39
-10
-4
-1
-1
-1
Treasury Bulletin
10
.TREASURY CASH INCOME AHD OUTGO.
Table 3.- Derivation of Cash Withdrawals
June
m^
11
.TREASURY CASH INCOME AND OUTGO.
Table 4.- Derivation of Cash Borrowing or Repayment of Borrowing
(In mlllloDS of dollara; negative flgurea Indicate net repoyment of borrowing)
Less
Interest
Fiscal year
or month
Public
debt In- on
creaae
savings
bonds
or decreaae
and
Treasury
(-)
bills
1/
Less: Ret
Investmente In
public debt
securities
trust
funds
and
accounts
lesuance of public debt
securities Involved In expenditures of other accounts or In
refunds of receipts
By Gov- Armed
ernment forces
agencies leave
bonis
2/
Notes to
Adjusted Interservice national
bonds 2/ Bank and
Funi 2/ i/
-8
-k
1)69
5,99lt
19'i9.
I178
559
580
".,587
57'*
-1(05
2,135
638
779
3,369
3,355
319
97
186
281
-161*
1950.
1951.
1952.
3,068
1,688
232
366
-2k
-Ik
28
109
2,192
2,553
-lOU
280
-81
262
198
-10
-5
200
100
13
-1
31
30
32
-1
-16
112
-9
6
55
-63
9
-25
3,883
New reporting basle;
3,362
3,060
2,311
177
1,793
-69
•1,229
-95
-160
-68
-2
-2
-1
-1
Total
deductions
Excess
profits
tax
refund
bonds kj
2,llt0
-11,136
I9U8.
-39
-10
-k
-1
-1
-1
-913
-123
166
13
-9
Net sales of
obligations of
Government agencies
in the market
Plus:
Leas:
Guaranteed
oecurltiOB
1,39'*
-387
-16
2,916
-1.6
7,893
Nonguaranteed
eocuritles
28
123
-28
Adjustments for differences In reporting
bases for net transactions in securities
by Government agencies
Transactions
not cleared
through
Treasurer's
Other
differences
EqualB:
Net cash
borrowing,
or
repayment
of
borrowing
acco'ont
-7
-52
-19,395
-7,333
-2,621
V,l63
-108
-68
33''
-8
-11.
k,Okk
10
37l>
'•,336
16
-38
-79
-170
lt,023
7
29
-32
-33
-155
-27k
-31
-20
806
1,022
-5,871*
-695
j/
1953
WSl*
6,966
5,189
719
1955 (Est.)..
1956 (Est.)..
1,01*0
550
1,700
1*50
52 It
2,673
3,191*
3,296
17
2,763
2,255
621
-593r
10
333
-61
27
-39
3
-356
6
-90
1
161
118
-117
3,61*5
121
-28
-8
-86
5
1
-7
-1
-11
-2
221
237
-28
32
-25
-19
3,996
-107
28
-3'*9
202
-83
-10
521
"19
-88
3
-llO
-Zk
-ko
102
-11.3
67
-63
-9
-4,270
19511 -July....
-276
Aug
Sept....
3,971
71
39
-11.5
58
Oct
Not
Dec
3,9te
101
-103
51
1*5
-133
112
72
251*
1955-J«n
Feb
Mar
-311
-257
-k,13k
51
-17
-336
-127
5
lt2
55
36
137
Apr
2,601
31
-358
-55
6
-376
-1
Source: See Table 2.
1/ Accrued discount on saTlnge bonds and bills less interest paid on
savings bonds and bills redeemed.
2/ The Issuance of these securities Is treated as a noncash budget expenditure at the time of issuance and as a cash budget ezpenditiire at the
time of cash redemption; net Issuance, or redemption (-).
See Table 3, footnote 3.
i^ The Issuance of these securities Is treated ae a noncash deduction from
y
^
6/
2/
*
r
6
24
*
-52
-229
259
2,955
bitdget receipts at the time of Issuance and as a cash deduction at the
tinw of cash redemption; net issuance^ or redemption (-),
Net Inveetments of Government agencies In public debt Becurltles and
net sales of obligations of Government agencies In the market,
Includes borrowing through Postal Savings System,
For explanation, see headnote,
Less than *500,000.
Eeviaed.
Footnotes to Table 3
1/
2/
X/
k/
^
6/
2/
8/
For further detail, see "Budget Eecelpta and Expenditures," Table 2,
Includes net Investments of Government agencies in public debt securiItles and net redenrptlons in the market of securities of Government
agencies (see "Trust Account and Other Transactions," Table l).
The United States subscription to the capital of the International
Monetary Fund was paid In part from the Eichange Stabilization Fund
(see "Treasury Bulletin" for September 19^*7, page 17).
Accrued discount on savings bonds and bills less interest paid on savings bonds and bills redeemed.
Prior to 1951, consists of net Investments of corporations not wholly
owned; beginning with that year, includes also those of wholly^ owned
corporations and agencies which for prior years are tncliided In budget
expenditures.
For explanation, see headnote.
Treated as noncash expenditures at the time of issuance and as cash expenditures at the time of redemption; net issuance, or redemption (-).
For explanation, see headnote. Excess of expenditures on Monthly Statement basis is deducted.
2/
10/
.11/
*
r
As shown In the "Monthly Statement of Beceipts and Expenditures of the
United States Government"; consists of changes in checks and Interest
coupons outstanding and telegraphic reports from Federal Peserve Banks,
and beginning with the fiscal year 195^» also changes in deposits in
transit and cash held outside the Treasury.
Net Investments of Government agencies In public debt securities and
net redemptions of obligations of Government agencies in the market.
Since deposit funds (net) are Included under trust account expenditwres, the interest received 'by corporations not irtiolly owned Is
carried there as a negative expendltnre. Thus *dien budget expenditures and trust account expenditures are combined, the payment and
receipt of this Interest offset each other. Payment of interest to
irtiolly owned Government corporations is offset because It le treated
as a negative budget expenditure when received by the corporations.
Less than $500,000,
Revised.
.
,,,.
12
DEBT OUTSTANDIHG AND TREASURER'S ACCOUNT
Table 1.- Summary of Federal Securities
(In milliona of dollars)
Eod of
flBcal
year or
Total 1/
PubUc
debt
258,376
252,366
252,798
257,377
255,251
258,286
252,292
252,770
257,357
255,222
Matured debt and debt bearing no interest
Guar an
Guaran-
nontfa
19*7
19*8
19*9
1950
1951
Interest-bearing debt
Total outstanding
teed
securities 2/
Totil
90
73
27
20
29
255,197
250,132
250,785
255,226
252,879
Public
debt
Public debt
teed
securl
ties 2/1/
255,113
250,063
250,762
255,209
252,852
Total
17
27
3,179
2,23*
2,012
2,150
2,372
2,2**
2,126
2,351
2,1*8
2,370
2,2*2
2,125
2,350
83
69
2*
MonetaiT
T\mi */
3,173
2,229
2,009
Other
2/
Guaranteed
securities 2,/
(oatured)
231
280
2*5
265
512
1,72*
1,161
1,063
1,270
1,283
1,218
788
701
613
575
6
*19
298
*37
1,27*
1,302
550
525
502
1
1
1,063
12
5U
1
5
3
2
2
259,151
266,123
271,3*1
259,105
266,071
271,260
*6
52
81
256,907
263,997
268,990
256,863
263,9*6
268,910
**
51
80
Debt peak;
Feb. 19*6
279,76*
279,21*
551
278, *51
277,912
539
1,313
1,301
238
1953 -^c ember.
275,2**
275,168
76
272,956
272,881
75
2,288
2,287
*36
195*-July
August, .
September,
271,005
27*, 982
27*, 838
270,98*
27*,955
27*, 810
21
27
29
268,699
272,719
268,681
272,693
272, **0
19
26
27
2,305
2,263
2,371
2,303
2,262
2,370
362
3*1
339
i,**a
1,426
1,538
*99
*95
*93
2
1
1
October. .
November .
December.
278,786
278,888
278,78*
278,752
278,853
278,750
3*
3*
3*
276,*32
276,5*5
275,76*
276, *00
33
33
33
2,353
2,3*3
3,020
2,352
2,3*2
3,019
318
299
1,003
1,5**
1,553
1,528
*90
*90
*88
1
1955-Januai7 . .
February.
March
278, *63
278, *39
278,309
27*,080
278,182
2*
27
2,7*3
2,617
2,8*7
729
596
792
1,528
1,536
1,572
2
2
32
2,7*5
2,619
2,8*8
*87
*86
33
275,696
275,565
271,200
22
25
27*, 0*8
275,718
275,590
271,232
*fi3
1
276,686
276,6*9
37
273,961
273,92*
37
2,726
2,725
665
1,578
*82
1952
1953
195*
.
April
272, *67
276,511
275,731
Source: Dail^ Treasury statenent.
1/ Includee certain obligations not subject to statutory Haltatica.
For amounts subject to limitation, see page 1.
2/ deludes guaranteed securities held by the Treasury.
3/ For current month detail, see "Treasury Survey of Ovnership."
v/ Special notes of the United States issued to the Intematicai&l
Monetary Fund in payment of part of the United States subscription.
Table 2.-
S/
1,*U
1,3*0
1
1
1
pursuant, to provlolooa of the Bretton Uooda Agreementa Act, The
notes bear no Interest, are nonoegotlable, and are payable on deoumd.
Similar notes Issued to the International Bank and outstanding
19^7-19^+9 are Included unler "Other."
Inclxidea savings stamps, ezceea profits tax refund bonds, currency
Items, and notes issued to the Interoatioaal Bank (see footnote k)
For current month detail, see "Statutory Debt Limitation," Table 2.
Intereet-Bearlnpr Public Debt
(In millions of dollars)
13
Jane [955
DEBT OUTSrAHDHC AND IKEASUroa^'S ACCOUNT
Table 3.- Special Issues to United States Government Investment Accounts
(In millions of dollars)
Ild of fis>.al
79«r or month
14
Treasury Bulletin
DEBT OOTSTARDING AHD TIKASDRiE'S ACCOUHT
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
i/
June 1955
15
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, as amended
(
except that thla amount was IncreaGed by $6 billion be1951+, ajid ending on June 30, 1955,
31 U.3.C.
ginning on August 28,
757 h), provides that the face amount of obligations Issued
under authority of that act,
and the face amount of
obligations guaranteed as to principal and Interest
by Public Law 6S6, approved August 28,
195'+
(6S Stat. 895).
the United States (except guaranteed obligations held by
Obligations issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
the Secretary of the Treasury),
are Included In the statutory debt limitation at current
by
shall not exceed In the
aggregate $275 billion outstanding at any one time,
redemption values.
Table 1.- Status under Limitation, April 30, 1955
(In mllllone of dollars)
Maximum amount of securities which ma7 be outstanding at any one time, under limitation Imposed by the act
of June 26, I9I46 (31 U.E.C. 757 b), aa Increased temporarily by the act of August 28, 195ll
281,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities Issued under the Second Liberty Bond Act, aa amended
276,li.£
Guaranteed securities (excluding those held by the Treasury)
37
Total amount of securities outstanding subject to statutory debt limitation
276,179
Balance Issuable under limitation
Source:
lt,821
Bureau of the Public Debt.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1955
(In mlUloos of dollara
Subject to
statutory debt
limitation
Class of security
Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of Indebtedness
Treasury notes
Treasury bonds
Postal savings and Panama Canal bonds
19,507
20,932
35,007
81,062
Total marketable
,
Nonmarketable
U. S. savings bonds (current redemption value)
Treasury savings notes
Deposltaiy bOTids
.....,.,...,..
Treasury bonds, investment series. .,,..,..
Total nonmarketable
,
,
..,..,...
Special issues to CorerniBsnt agencies and trust funds
Total intereat-bearlng securitloG
Matured securities on which Interost has ceased
Debt bearing no Interest:
United States savings stamps
Excess profits tai refund bonds
Special notes of the United States:
International Monetary Fund Series
United States notes ( lees gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed securitios:
l/
Interest-bearing
Matured
Total guaranteed securities
Total public debt end guaranteed securities
,
Not subject to
statutory debt
limitation
Total
outstanding
Treasury Bulletin
i6
.DEBT OPERATIOKS.
Table
1.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding April 30, 1955 ^^
(In mlllloDa of dollara)
June 1955
17
.DB3T OPEBATIOHS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding April 30. 1955^ - (Continued)
6
7
U
5
,
..
.
8
18
Treasury Bulletin
DEBT OPERATIONS.
Table 2.- Offerings of Treasury Bills
(Dollar amounte In mllXlcna)
DeecrlptlcD of new laeue
Humbar of
iajB to
MaturiV
date
195'.-Dec
Dec, 9...,
Doc. l6. ..
Dee. 23..
Dec. 30...
1955-Mar.
Mar.
Mar.
Mar.
Mar.
1955-Jan. 6. .
Jan. 13...
Jan. 20. .
Jan. 27...
Apr.
Apr.
Apr.
Apr.
2,
.
.
feb. 3...
Feb. 10...
reb. 17. ..
Fob. 21....
May
May
Ma;
May
Mar.
Mar.
Mar.
Mar.
Mar.
June
June
June
Jime
June
Apr.
3...
10...
17...
21....
31...
T...
Apr. 11..,.
Apr. 21...
Apr. 28...
July
July
July
July
May
May
May
May
Aug.
Aug.
Aug.
Aug.
5...
12...
19 p.
26 p.
Total
^K}unt
^turlt;
3
10
17
21.
31
7
lU
21
28
5
12
19
26
2
9
l6
23
30
7
Xk
21
28
1.
U
18
25
91
91
91
91
91
2,11.2.5
1,500.1.
2,111.5
1,500.0
1,500.6
1,501.7
1,500.9
2,200.1*
2,385.9
2,1*511.6
On o<^wtItlTe baalB
1,299.6
1,276.9
1,21*0.1*
1,232.0
1,288.0
91
91
91
91
2,326.8
2,356.1
91
91
91
91
2,285.7
2,119.2
2,158.7
2,155.9
91
91
91
91
91
2,333.1
2,011.0
2,220.0
2,359.0
2,230.1
1,500.7
1,500.0
1,500.9
1,501.7
1,500.5
91
91
91
91
2,126.0
2,125.5
1,501.0
1,500.3
1,500.7
1,501.1
1,282.6
1,276.7
1,501.1
1,502.0
2,361.7
2,1W.3
91
91
91
91
2, ''59.
2,1150.0
2,3'.7.''
2,623.6
2,372.5
2,1.11.0
Anotmt
maturing on
ISBua date
of n0V
offering
Total unaa-
188.6
1,500.2
11*0.6
1,502.1.
138.5
199.0
1,500.2
1,500.2
1,501.9
19,507.6
19,505.1
19,505.5
19,507.0
19,506.0
^ount of bldB aoceptad
Jteount of
On nonrrmpetItlTe baalB 1/
200.8
223.0
260.2
269.7
212.9
In
exchange
l'.3.1
1,500.1
1,500.6
1,500.6
1,500.2
1,309.5
1,272.6
1,252.8
1,259.7
190.6
228.0
1,500.2
1,281*.
166.3
1,''99.7
1,283.
1,283.5
1,306.5
215.5
216.3
216.7
193.7
199.0
210.8
232.3
250.3
202.6
1,500.1
1,500.2
1,301.8
1,289.2
1,268.6
1,251,''
1,297.8
2'*7.7
2l«3.5
1,500.3
1,500.0
1,500.3
1,500.2
19,505.8
107.'.
1,500.9
1,500.5
19,505.9
19,505.1
152.8
85.1
1,500.1.
1,1.99.8
19, 501..
129.0
36.0
101.7
98.6
192.3
1,500.1.
19,505.6
19,505.6
19,505.8
19,505.9
19,505.5
3'..7
28.3
57.0
273.1
1,500.0
1,500.6
1,501.7
1,500.9
218.1.
'.3.0
223.6
259.1
223.7
T3.0
83.2
250.8
1,291.2
1,310.6
2(^.9
153.5
1,500.2
191.1.
100.1.
1,'.99.7
1,500.1*
l,30l*.i*
1,332.0
196.0
168.2
1*9.2
1,500.2
79.7
1,500.1
1,500.2
^,21.1.
1,277.'.
tuxed Issuen
outetandlng
after new
leauee
1,500.1
1,500.6
1,500.6
1,500.2
19,506.1*
19,506.7
19,506.7
19,505.3
19,506.1.
19,506.0
19,506.2
19,507.1
19,508.0
19,510.3
19,510.6
19,510.5
Jane 1955
19
DEBT OPERATIONS.
Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Dat«
Bubacrlptlan
tooke wore
opened
Date
of
ABOunt of
aubecrlptlaoe
tendered
Description of eecujrlty
Issue
Maturity
Cash 1/
Aaount iaeuad
7or
cash 1/
Sxchange
In exchange
for other
securltlea
AXlotaent
ratio
(In mllUans of dollars)
8/5/53
9/2/53
1/
10/28/53
11/18/53
2/1/5*
8/15/53
9/15/53
9/15/53
10/1/53
11/9/53
12/1/53
2/15/53
2/l5/5'i
2/15/51*
l./l/5'i
5/U/55
5/17/5lt
2-5/85t Certificate
8/l5/5*-D
1 jr
2,786
100
2-5/8* Certificate
2-7/8* Bote
1-1/2* note
9/l5/5''-E
3/15/57 -A
1
l',721»
'',72''
2,997
2,997
121
100 2/
3
2 -3 /It* Bond
1-7/8* Bote
2-1/2* Bond
1-5/8*
2-1/2*
1-1/2*
1-7/8*
Certificate
Bond
Bote
Bote
10/1/58-BO
9/15/61
12/l5/5''-B
12/15/58 5/
2/15/55-A
11/15/61
yr
yr
5 yr
7 yr
1 yr
5 yr
2,788
121
10
8,175
10
1,7''8
1 yr
't/l/59-EA
7
5
2/15/59-A
'
yr
yr
yr
7/2l/5'>
8/3
/51'
9/23 /5't
3/
U/22/51*
2/1/55
1,7''8
5/
7,007
11,177
U,177
U9
119
10/1/5''
8/15/5''
12/15/5''
12/15/5''
2/15/55
2/15/55
2/15/55
3/22/55
''/1/55
''/1/55
5/3/55
5/17/55
1-1/8*
1*
1-1/8*
a -1/8*
1-5/8*
1-1/2*
1-1/8*
Certificate
Certificate
Certificate
Bond
Note
Note
Certificate
l-l/li* Certificate
2-1/2* Bond
1-5/8*
2*
3*
1-3/8*
1-1/2*
2*
Bote
Bote
Bond
Certificate
Bote
Bote
5/17/55-B
3/22/55 -C M/
8/15/55 -E 12/
u/15/60
5/15/57-B
10/1/59-BD
8/15/55-D 12/
12 /15/55-K
8/15/63
3/15/56-A
8/15/57-c
2/15/95
6/22/55-p 12/
li/l/eo-EA
8/15/56 -B
1 yr
2,205
3,886
7i m
yr
6 yr
2 yr
5 yr
9,250
1
8,190
100 1/
100
8/
2,897
3,886
100 2/
3,558 12/
3,806
100 li/
3,73''
3,55813'
3,806
m
3
74 m
100 6/
5/
7,007
2,897
5/17/5'*
8/2/5'.
8/15/5''
8/15/5''
10/it/5U
y
8,175
9,750
5/5/5''
100
2,239
12,5113
'',155
w
lit/
I',919pl2'
99
'',919PlS^
100
lyr
1 yr
8 yr
5,359p
6,755p
5,359p
6,755p
100 15/
8,li72p
8,it72p
3,792p
3,792p
1,921^
99
yr
1
2 yr
6
1
1*0
;
yr
1,92''P
2i
5 yr
1 yr
Source: Bureau of the Public Debt.
1/ Consiate of all public caeh eubscrlptlons and eubecrlptiona b;
United States Goveminent Inveetment accounte.
2/ Holders of the 2* bonds vhlch matured September 15, 1953, were offered
a choice of exchanging the securities for either the one-year certificates or the three -and -one -half -year notes.
Erchange offering available to owners of nonmarketable 2-3/''* Treasury
Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further
information on the original offering see "Treasury Bulletin" for
April 1951, page A-1.
Amounts shown are aa of May 31, 1955.
Subscriptions for amounts up to and including $10,000 were allotted in
J+/
Subscriptions from mutual savings banke. Insurance companies,
full.
pension and retirement funds, and State and local governments were
allotted 2k percent. All others, including commercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
5/ The 2-1/2* bonds dated February 15, 1953, were reopened with all the
bonds of the serlea Identical in all respects, as an exchange offering
for the 2-1/8* notes which matured December 1, 1953. Total exchanges
In the two offerings amounted to $2,368 million.
6/ Holders of the 2-1/8* notes maturing December 1, 1953, were offered a
choice of exchanging the securities for either the twelve and one -half
month notes or the five-year, ten-month bonds.
1/ Holders of the a-l/ii* certificates which matured February 15, 195'', and
the 1-3/8* notes maturing March 15, 1951*, were offered a choice of
exchanging the securities on February 15, 195'+, for either the one-year
certificates or the seven-year, nine-month bonds. In addition, holders
of the 2* bonds maturing June 15, 195'', and two Issues of 2-1/4* bonds
called for redemption on June 15, 195'', were given an opportunity to
exchange their holdings on February 15, 1954, for the 2-1/2* bonds.
8/ Subscriptions for amounts up to and including $10,000 were allotted
in full.
All other subscriptions were allotted 22 percent but in no
case less than $10,000.
2/ Holders of the 2-5/8* certificates maturing June 1, 195'', were offered
a choice of exchanging the securities on May 17, 195'', for either the
one-year certificates or the four-year, nine-month notes.
10/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity In payment of Income and profits taxes
due March 15, 1955.
,
3,210p
7,938
1
6
3
m
3,989
11/
12/
^
13/
14/
15/
16/
17/
18/
p
3,17''P
6
2,532p
3,17''P
100 16/
11/
100
18/
Subscriptions for amounts up to and including $50,000 were allotted
Subscriptions for aawunts over $50,000 were allotted
in full.
''O percent but in no case lees than $50,000.
The 1-1/8* certificates dated August 15, 195'', were reopened with
all the certificates of the series Identlal in all respects, as an
exchange offering for the 1-7/8* notes which matured December 15,
195'', the 2* bonds which matured December 15, 195'', and the 2* bonds
which were called for redemption on December 15, 195''. Total exchanges in the two offerings amounted to $8, ''77 million.
Holders of the 2-5/8* certificates, maturing August 15, 195I1, and
the 2-5/8* certificates, maturing September 15, 195'', were offered a
choice of exchanging the securities on August 15, 195'', for either
the one-year certificates or the six-year, three-month bonds.
Subscriptions for amounts up to and Including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but In no case less than $50,000.
Holders c'T the 1-7/8* notes maturing December 15, 195'*, the 2* bonds
maturing December 15, 195'', and the 2* bonds called for redemption
on December 15, 195'', were offered a choice of exchanging the securities for either the I-I/8* certificates, the l-l/''* certificates, or
the 2-1/2* eight-year bonds.
Holders of the 2-7/8* Treasury bonds of 1955-60, called for redemption
on March 15, 1955, were offered a choice of exchanging the securities
on February 15, 1955, for either the forty-year bonds or the one-year,
one-month notes. At the same time holders of the 1-5/8* certificates
maturing February 15, 1955, and the 1-1/2* notes maturing March I5,
1955, were offered a choice of exchanging the securities on Februaiy
February 15, 1955, for either the one-year, one-month notes or the
two-year, six -month notes.
Also designated tax anticipation certificates, acceptable at par
plxis accrued interest to maturity In payment of Income and profits
taxes due June 15, 1955.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but In no
case less than $100,000.
Preliminary.
Treasury BaHetni
20
.DEBT OPERATIONS.
Table 4.- DlBpositlon of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
June [955
..
.
.
22
Treasury Bulletin
.UNITED
ST/ffllES
SAVINGS BONDS.
Table 3.- Sales and Redemptlone by Periods, Series B through K
(In Binioiu of dollars)
Salee
Accrued
discount
Pedemptlona i/
Sales plus
accrued
discount
Sales
price k/
AoDunt outstanding
Accrued
discount
Interest-bearing
debt
16,799
3,689
3,368
3,326
3,987
3,583
3,538
3,791
198
136
162
195
307
425
500
554
30,791
31,625
33,127
34,494
34,506
34,905
36,048
37,482
18,661
3,575
3,274
3,667
3,688
3,622
3,625
3,909
260
30,997
32,188
33,766
34,493
34,727
35,324
36,663
38,233
Series E and H combined
Fleeal years:
igM-ig*?
il6,l400
1,388
1*7,788
191*8
i*,0S6
19'»9
4,278
3,993
3,272
3,296
633
753
895
4,659
5,032
4,887
4,307
4,407
5,181
5,779
1950
1951
1952
,061
I*,
653
1953...,
1951*
I*
5/
1,035
1,111
1,120
1,126
16,997
3,825
3,530
3,521
4,295
4,008
4,038
l*,345
Calendar years;
19'»1-19'»7
1*8,230
WitS
l*,22lt
191*9
U,208
3,668
3,190
3,575
I*, 368
U,889
1950
1951
195a
1953
1951*
i,6&r
696
818
971
1,080
1,320
1,128
1,126
49,918
4,920
5,025
4,639
4,270
4,694
5,496
6,015
3,728
3,448
3,912
4,036
4,098
4,157
4,444
110
80
80
503
495
447
377
353
J8
447
478
568
:,92i
154
174
245
348
476
531
535
Months:
^..
393
August...
1*15
195li.july
Septeniber
367
October.
November.
December.
369
1955 -January..
February.
38i»
95
1*1*5
123
573
U65
113
84
March
518
81
686
549
599
April
1*1*8
77
525
346 6/
339
322
42 6/
38
31
37,597
37,714
37,808
325
340
403
293
293
33
46
56
37,930
38,069
38,233
404
343
68
406
336
256
334
72
38,515
38,721
38,914
376
329
47
39,063
31*7
Series F, G, J, and S combined
Fiscal years:
1941-1947
1948
1949
1950
1951
1952
1953
1954 2/
19,254
2,209
2,863
1,680
1,871
629
501
841
110
20,295
3,071
1,626
2,406
770
586
432
1,284
139
67
78
1954-July 5/..
August ...
September
115
131
97
16
October.
November.
December.
82
112
12
169
137
15
6
95
87
7
8
61
73
83
90
96
108
108
19,364
2,270
2,935
1,763
1,961
726
610
949
1,757
772
835
821
1,042
1,012
1,552
2,152
20,435
3,139
1,704
2,493
Calendar years:
1941-1947..
1948
1949
1950
1951
1952
1953
1954
.
.
.
100
109
863
686
542
uo
1,391*
2,121
840
815
905
1,093
929
1,968
2,526
130
137
104
304
184
190
95
89
124
181
169
228
184
143
102
367
198
197
95
305
Srj
93
Months:
1955"January,
February.
March
AprU
87
6
7
8
6
1,747
88
Matured debt
June [955
2?
.UNITED STATES SAVINGS BONIS.
Table 3.- Sales and Redemptions, by Periods, Series E through K
(Continued)
(In milllone of dollars)
SsleB
Accrued
discount
Redemptions 2/
Sales plus
Bccrued
discount
Sales
price
y
^
Accrued
discount
Amount outstanding (Interestbearing debt)
Fiscal years:
19'»1-19'«7
191*8
19''9
1*6 ,1*00
,026
,278
3,993
3,272
3,266
I*
I*
1950
1951
IQ-ja
1,388
633
'•7,788
753
5,032
I*, 887
16,997
3,825
3,530
3,521
i»,307
'',295
895
1,035
1,U1
198
'',377
'*,a2i
I*
5,11'*
'•,319
16,799
3,689
3,368
3,326
3,987
3,583
3,532
3,765
18,921
3,728
18,661
3,575
260
l*,920
5,025
3,1*1*8
3,271*
17'*
l*,639
3,912
3'*, '•93
i*,036
l*,098
3,667
3,688
3,622
3,609
3,871
21*5
'*,270
3'*8
3'*, 727
U76
531
535
35,1''3
'1,659
,008
032
136
162
30,791
31,625
33,127
195
307
3'',
1*25
3lt,875
500
35,661*
551*
36,U58
30,997
32,188
33,766
34
,1*91*
506
3,700
3,988
1,120
1,126
1*8,230
1*9,918
5,03''
5,1'*9
U,l!*l
"t.OSS
1,687
696
3l8
971
1,080
1,120
1,128
1,126
306
338
303
110
80
80
1*16
385
1*18
371*
3U3 6y
336
38'*
31*9
318
301
313
356
78
95
123
379
321
336
399
289
289
31*3
56
Ul8
113
531
332
February
March ....
357
81*
'.'*1
399
339
39'*
81
1*71*
1*00
251
328
68
88
April
335
77
1*13
370
323
360
665
6
26
6
26
1,021*
16
16
181
627
38
38
l.ltSS
1953
195''
I*,
Calenlar years:
19'»1-19'»7
I9U8
I*,
iSk9
1950
1951
1952
1953
WS"*
l*,208
221*
3,668
3,190
3,393
3,906
'•,513
1*,1*06
151*
36,036
36,778
Months
1951* -July
August.
September
.
October.
Noveniber.
December,
1955 -January.
.
.
1*08
1*79
'*2
6/
36,1*89
38
31
36,533
36,568
33
36,626
36,696
36,778
1*6
72
36,909
37,011
37,086
1*7
37,128
Series H jf
Fiscal years:
1952
1953
30
360
665
1951*
30
30
385
Calendar years:
195a
1953
1*62
195'*
866
182
U62
866
87
77
63
87
77
63
1,108
1,181
October.
November
December,
68
70
68
1,301*
70
1,371
1955 -January..
February
March , ,
155
108
125
155
108
125
1,606
1,710
1,828
112
112
1,935
182
Months
195'* -July
August .
September
.
,
April
Source:
1,21*0
1,1*55
Dally Treasury Statement; Bureau of the Public Debt.
Footnotes at end of Table
U,
.
.,.
.
2U
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In mlUlona of dollars}
Maturvd bonde
B»rlod 8/
Total
matured
Series
A-D
UOBatured bonds
In exchal^e
for Series G
and K
Series
F and C
Total
UJmatured i/
Sales
priced/
Ascnied
discount
Fiscal years:
1951
1952
1953
195^
6,137
5,109
5,621
6,515
817
792
1,761
2,7'»7
779
90
31
18
987
772
987
522
It7
6,985
1,015
2,318
3,171
693
562
210
317
5UI.
183
507
510
633
1955 -January, ..
February
772
Manh
April
682
38
7oe
1,128
37
69U
1,126
1,1.86
5,320
317
3,860
3,768
l.,996
321.
l.,0i.6
271
238
'•,653
i.,879
'•,583
It,
602 2/
1,21*1 2/
3,622
3,577
191
Calendar years;
1950
1951
1952
1953
5,8ltO
5,651
5,07'*
6,1'»9
19^
,
2U
lU
250
968
1,328
1,500
2lt5
962
1,326
1,1»99
'1,059
967 2/
1,657
3,831
3,811.
.,571
3,806
3,613
3,655
270
308
253
217
159
Montlis!
195lt-July 6/..
August. . .
September
October. ,
November.
December.
J20
111
87
120
89
I183
1.71
111
205
95
2l»5
235
87
361
352
11
10
9
189
270
310
91
130
97
153
91
130
153
139
156
318
2U0
322
308
226
306
9
lU
16
387
-112
-131.
li27
195
256
211
188
397
605
195
257
211
368
5'.3
385
656
215
178
usi
19
2S
17
338
133
133
20lt
3W.
332
3ource: Dail^ Treaamy Stateaeoit.
1/ Details by series on a cumulative basis ami by periods for Series A-D
combined will be found in the February 1952 ai^ previous Issues of the
"Treasury Bulletin.'
2/ Includes sxohanges of matured Series E bonds for Series G bends beginning May 1951 and for Series K bonds beginning Msy 1952.
Includes both matured arvi uimatured bonds; see Table 1..
Includes total value of redemptions not yet classified between matured
and unmatured bonde
Peductlons have been made In Issues and redemptions of Series E, H,
F, G, J, and K In July 1951* to compensate for the erroneous Inolusloo
of releeue transactions In Juns I95I* as reported In the Dally Treasury
Statement. The amounts Involved are as follovs: $18 million for
Issues of Series E end H and $17 million for Issues of Series F, 0, J,
and K; and $35 million for unclassified retirements.
A
change in procedure, beginning In Jme 1951., for processing redeemed
6/
earlxtgs bonds haa reeulted In a blgb level of redemptlooa not jet
claeelfled betveon aatured and uruitat\aN»d bonds. This Increase tencporarlly obscures the relatlooshlp between the redesiptlon columns
ehovtoe sales price and accrued discount In Tables 2 through •* a«i
also the relatlGoahlp betveen the matured and unmatured sections of
Table 1*.
(See also footnote k.)
The subsequent distribution of
this high level of unclassified redemptions oajr be large enough In
any month to ahov redemptions of matured bonds for a series In
Table k which are greater than the total redenptiona of that series
as ehcnm In Table 3, end to shov a negative In the unmatured section
of Table k.
Sales began Jtme 1, 19^.
Comparable data are not available prior to January 19%.
iDclndee exchanges of Series 19^1 F and C savings bonds for Treaaur;
3-lA^ bonds of 1978-83,
Less than $%0,CXXI.
June [955
25
.TREASURY 3AVUC3 BOTES.
Treasury tax and savings notes have been Issued as
follows:
Tax Series A from August 1, igll-l, through
June 22, \^hy, Tax Series B from August 1, \3^1, through
September 12, 19^2; Savings Series C (originally designated
Tax Series C) from September l4, 19l^2, through August 31,
13^; Savings Series D from September 1, 19 "^S, through
May \k, I95I; Savings Series A from May I5, 1951. through
May Xk, 1953; Savings Series B from May I5, 1953. through
September 25, 1953; "nd a new Savings Series C from
October 1, through October 23, 1953, when sale of these
Details concerning terms and
notes was suspended.
conditions for purchase and redemption and information on
Investment yields of Savings Series
C
appear in the
October I953 issue of the "Treasury Bulletin,"
Similar information with respect to the offering of the
earlier series was published currently in the "Treasury
Bulletin,"
and appears also in the "Annual Report of the
Secretary of the Treasury" for appropriate years.
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 annual series have matured, when
they are transferred to matured debt upon which interest
has ceased.
page A-1.
Table 1.- SaleB and Redemptions by Series, Cumulative through April 30, 1955
(In mllllone of dollare)
Treasurij Bulletin
26
.OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In mllllona of doUara)
Jane
m^
27
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values 1/
End of
month
-
In liilllonB of dollars)
Held tj banks
Total
Federal
Held by private nontank Inveetoro
U. S.
ConBaer-
eecuritle
outstanding 2/
clal
banks
3/
Federal
Beaerve
Banke
IMlvlduala
Government
Inveatment
eccounta kj
^
Insurance
companlee
Savings
bonds
Mutual
aavlnga
banks
Coirpora-
tlons 6/
State and Miscellocal
laneous
Investore
goveinments jj
1939-Dec ember
147.6
l8.lt
15.9
2.5
6.5
22.7
1.9
8.2
6.3
3.1
19'iO-June
I48.5
18.6
19.5
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.5
.7
.7
19.7
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
3.6
7.6
8.2
7.1
8.2
3. It
2.0
.6
.7
3.7
It.O
.7
10.6
12.2
37.7
53.0
17.8
23.7
9.1
9.2
11.3
3.9
I1.9
13. It
8.7
10.3
30.9
37.6
19.2
n.7
5.3
12.9
2lt.7
12.9
13.1
15.1
6.1
l6.it
1.5
2.1
31.2
36.2
15.1
17.1
17.3
19.6
7.3
8.3
20.0
3.2
21.lt
It.
itO.7
It2.9
18.9
22.7
21.lt
2li.O
9.6
10.7
22.9
22.0
6.5
8.3
9.1
December
50.9
Wltl-June
December
61».3
21.8
23.7
21.lt
19143 -June
77.
28.7
26.0
112.5
117.3
Itl.l
2.6
6.2
lliO.S
59.lt
71.5
7.2
11.5
111.3
170.1
52.2
59.9
16.9
67.0
81.7
202.6
232.1
83.3
96.5
68.lt
lit.
I16.3
18.8
19.1
21.7
100.2
77.7
llll.O
53.3
259.1
276.7
106.0
115.0
84.2
90.8
21.8
2lt.9
2lt.3
27.0
128.2
136.6
61t.3
279.6
269.9
259.5
116.7
108.2
97.9
93.8
22.9
23.8
23.3
28.0
29.1
7lt.5
258.lt
91.9
91.3
70.0
68.7
21.9
22.6
32.8
85.9
85.8
6lt.6
21.lt
35.8
62.5
23.3
37.3
252.8
257.2
82. It
63.0
66.8
19.3
18.9
38.3
85.7
1950-Jime
December
257.lt
83.9
82.6
65.6
61.8
18.3
37.8
39.2
1951-June
December
255.3
259.5
81.
58.lt
61.6
23.0
23.8
itl.O
85.lt
1952 -June
259.2
8lt.0
61.1
22.9
W.3
267.lt
88.1
63.lt
21t.7
83.6
July
August
September
266.1
272.7
273.3
273.0
87.8
87.8
58.8
63.5
62.7
62.6
October
November
December
273.5
275.3
275.2
88.1
89.0
89.6
195^-Janual7
February
March
27lt.9
27I1.9
55.3
December
19lj3-June
December
191*14
-June
December
19l;5-June
December
20.6
20.0
20.1
21t.lt
U.l
2lt.9
2lt.9
11.5
11.8
19.9
17.7
15.3
6.7
6.5
6.3
8.9
8.6
8.1
133.7
131.3
66.lt
I15.5
20.9
2lt.6
19.11
23.9
llt.l
7.1
7.3
9.6
lt6.2
12.1
12.0
13.9
65.7
130.7
129.7
65.6
65.5
I17.I
I17.8
18.6
17.6
22.8
6.7
6.9
132.2
132.1
66.8
66.3
It8.8
18.0
17.0
135.6
67.lt
It9.9
I3I1.9
66.3
It9.6
132.9
131.8
65.5
6lt.6
I15.9
130.8
133. It
2lt.7
li7.6
135.0'
25.0
25.1
25.2
47.6
itfi.O
136.7
137.5
137.2
62.8
63.9
63.7
25.3
25.1
25.9
itS.O
137.11
It8.2
6lt.l
2lt.6
2lt.5
lt8.3
270.3
88.8
87.6
85.5
2U.6
It8.2
April
May
June
271.1
273.6
271.3
87.1
88.2
88.7
62.5
July
Ai^ust
September
271.0
275.0
89.1
91.1
27li.8
91. It
October
November
December
278.8
278.9
278.8
9lt.5
278.5
278.2
92.6
90.6
87.8
19148-June
December
iglig-June
December
December
1953-Jvine
1955-January
February p
March p
^
6.1
7.0
UI1.2
December
U/
5.3
3.11
ii.lt
113.3
I13.5
19li7-June
^
10.1
It.
.9
1.1
2.3
6lt.2
(Peak)
June
December
2/
.It
63.lt
I9I46 -February
jy
59.5
5.11
.It
257.0
252.it
252.9
256.7
27lt.l
88.lt
914.6
9lt.l
8lt.lt
63.1
60.9
20.8
30.9
311.I1
39. ii
1|2.3
lifi.O
It8.3
I18.3
135.1
132.6
130.7
61t.l
13.6
lit.
7.8
7.9
20.5
20.1
11.6
15.6
16.8
8.0
8.1
9.6
17.6
16.7
19.6
18.7
U.6
l8.lt
10.9
19.7
8.7
8.8
9.7
10.5
I19.I
It9.1
l6.lt
17.1
16.5
10.2
9.8
20.0
20.7
9. It
15.5
9.6
10.7
10.6
6U.7 r
65.1 r
It9.0
15.6 r
16.0 r
15.7
16.1
9.6
9.5
18.9 r
19.9 r
10. It
11.6
u.l
U.7
66.3 r
66.1 r
I19.3
r
r
12.5
12.7
i3.lt
r
r
19.6 r
20.3 r
20.0 r
12.8
13.2
"19.3
I19.3
9.5
9.5
9.5
9.5
12.0
65.8 r
65.8 r
16.0
16.0
16.0
15.9
lt9.2
138.2
137.3
65.5 r
65.5 r
65.2 r
16.2 r
16.2 r
15.8 r
15.9
15.9
15.8
9.3
9.3
9.2
20.5 r
21.2 r
21.0 r
12.7
12.8
12.9
13.5
13.5
13.2 r
137.9
139.0
136.6
65.1 r
65.2 r
65.3 r
15.8 r
15.8 r
15.8 r
15.7
15.7
15.6
9.2
9.2
9.2
21.0 r
21.6 r
19.2 r
13.2
13.3
13.6
13.6 r
13.9 r
13.8 r
61t.8
15.11 r
15.6 r
15.0 r
15.6
15.5
15.3
9.2
9.2
9.1
18.7 r
19.1 r
l6.lt r
13.8
13.7 r
13.8 r
13.7 r
r
r
r
15.1
15.1
15.1
9.0
9.0
8.9
l6.lt r
18.1 r
18.1 r
1I1.3
llt.lt
13.7 r
13.6 r
13.7 r
8.9
8.8
8.8
18.7 r
19.3 r
19.3 r
111.5
llt.O
8.8
20.1 r
15.0
15.3
15.5
2lt.6
2lt.8
It8.2
63.
I18.5
135.8
136.8
63.6
25.0
19.3
133.3
r
65.1 r
61t.6 r
6lt.8
2lt.3
2lt.0
I19.2
132.6
6I1.2
19.5
1311.11
61t.2
21t.3
I49.lt
1311.0
2l4.lt
67.1
67.1
70.1 r
69.7 r
69.2 r
68.7 r
66.9
6lt.2
I49.3
135.0 r
2lt.9
I49.lt
1311.9 r
2lt.9
lt9.6
135.1 r
23.9
23.6
23.6
I19.lt
136.5 r
i38.lt r
136.9
lt9.2
I19.I1
8.1.
12.0
11.5
United States savings bonds. Series A-F end J, are Included at current
redemption value.
Seotirltlee Issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Troaaury. For anounts subject to
statutory debt limitation, see page 1.
Consists of conmierclal banks, trust companies, and stock savings
banks in the TAilted States and In Territories and Island possessions.
Figures exclude securities held In trust departments.
Holdings by Federal land banks are Included under "Miscellaneous
Investors" Instead of "U. S. Government investment accounts" after
June 26, 19117, when the proprietary Interest of the United States In
theae banks ended
Includes partnerships and personal trust accounts. Nonprofit Institu-
it9.3
It9.2
I19.3
I19.3
I19.3
It
U
It
5
5
lt9.6
17.1
16.8
16.5
16.5
21.2
r
r
r
63.8 r
It9.6
I19.7
lit. 6
It9.7
llt.l
63.8
63.5 r
63.lt r
I19.7
llt.l
I49.8
I49.9
13.7 r
13.5 r
63.lt r
63.9 r
50.0
50.1
50.2
13.5 r
13.8 r
13.9
6I1.I
lit. 5
11.
It
l6.lt
21.lt r
19.5
12.3
llt.l
111.
llt.l4
lit.
lit.
9.I1
13.3
r
13.8 r
13.9 r
13.8 r
13.9 r
llt.O
tions and corporate pension trust funds are Included under "Hlsoellaneous investors."
Kxolusive of banks and Insurance ooaquuiles.
Consists of trust, sinking, and Investment funds of State and local
governments and their agencies, and Territories and island possessions.
Inoludee savings and loan associations, nonprofit institutions, oorporate pension trust funds, dealers and brokers, and Investiaents of
foreign balances and international accounts In this country. Beginning December 19I16, Includee investments by tbe International Bank for
Reconstruction and Developoant and tbe International Monetary Fund In
special nonlnterest-bearlng notes issued by the U. S. Government.
Preliminary.
Bevised.
Treasury Bulletin
28
.TREASURY SURVEY OF OWHERSHIP, MARCH 31, I955.
The Treasury Survey of Ovmerehlp covere securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
Data were first published for
the United States.
March 31, igl+l, In the May I9IH "Treasury Bulletin".
Section
I
-
Distribution of ownership by types of banks and Insurance companies Is published each month. Holdings by commer-
cial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June 30
and December 31. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March 195'*
Bulletin for quarters beginning December 3I,
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Far Taluee - in milllonB of dollars)
19'+9-
Jane
m^
29
.TREASURY SURVEY OF OWNERSHIP. MARCH 31, 1955.
Section
1
-
Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par Taluea
-
in nllllona of dollars)
Treasury Bulletin
30
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1955.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Contlnuedl
(P«r values
-
in mllllona of dollars)
31
June [955
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, 1955.
Section
-
II
Interest-Bearing Securities Issued by Federal Agencies but
not Guaranteed by the United States Government
(Par Tallies - In millions of dollars)
Hell by InvoBtora covered In Treasury Survey
Total
azootint
(Tax status 2/ la abovn In parentheses)
outstand-
6,855
commercial
banks 2/ 3/
ing
Federal Intermediate credit banks:
Debentures
(
,
taxable
699
Central Bank for Cooperatives:
1-1/256 June
1.90
2
February
June
1955 (Debentures). ..(taxable)
I956 (Debentures). .(taxable)
1957 (Debentures). ..(taxable)
1*0
.
Total Central Bank for Cooperatives securities
Federal home loan banks:
X.BCff,
1 .90
Total Federal
hoTiie
Federal land banks:
l-3/Ui6 October
2-5/8
2-3/1*
May
May
2-lA November
2-1/14
2-lA
2-1/2
1"^/
1955 (Notes)
19?5 (Notes)
August
November
May
February
June
(taxable)
(taxable)
loan bank securities.
Xhl
1955-57 (Bonds)
I956 (Bonds)
1958 (Bonds)
1958
1959
i960
i960
(Bonds)
(Bonds)
(Bonds)
(Bonds)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
To-^al Federal ]and bank securities
Federal N ational Mortgage Association!
2-1/2^ January
I958 (Notes),...-.. . .(taxable)
570
322
32
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, AffilL 29, 1955
Current market quotatlone ehown here are over-the-
public marketable securities Issued by the United States
counter oloelng bid quotatlone In the New York market
for the last trading day of the month, as reported to
Oovernment except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Btmk of New York.
Government are excluded because they are not regularly
The securities listed Include all regularly quoted
quoted In the market.
Table 1.- Treasury Bills (Taxable)
Amount
Jme
1955
33
MAEKET QUOTATIONS ON TREASURY SECURITIES, APRIL 29, 1955
Table 4.- Taxable Treasury Bonds
(Price decljoalB are 32ndB}
3'^
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, AIRIL 29, 1955
o
June 1955
35
.
AVEIWGE YIELDS OF L0MC;-TE3W BONLS,
Table 1.- Average Yields of Treasury Bonds and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Taxable
Treasury
Mcxxly'e Aaa
bonds
corporate
bonds
1/2/
u
Taxable
Treasury
bonds
2.46
19'*3
2.I17
19't^
2.W
ISl*?
V)kt
2 37
2 19
19't7
2.25
19lt9-jan.
July
2.U2
2.39
2.38
2.38
2.38
2.38
2.27
Au«.
2.2lt
Sept
2.22
2.22
2.20
2.19
2.83
2.73
2.72
2.62
2.53
2.61
-
Oct.
BOT.
Dec.
1950-Jan
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Rot..
Dec.
1951-Jan..
Feb..
Mar..
2.71
2.71
2.70
2.70
2.71
2.71
2.67
2.62
2.60
2.61
2.60
2.58
2Xk
19't9.
2.20
2.2U
2.27
2.30
2-31
2.33
2.57
2.58
2.58
2.60
2.61
2.62
2.65
2.61
2.31*
2.33
2.36
2.61.
2.38
2.38
2.39
2.67
2.67
2.67
2.39
2.U0
2.66
2.66
2.78
2.1(7
2.89
2.96
3.01
1952 ^an..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec
2.7l»
2.98
2.71
2.70
2.93
2.96
2.93
2.93
2.94
2.95
.
.
1953 -Jan.
Feb.
Mar.
From 12 to
bonda
a/
.
i/
1953
2.92
US'*.
2.5'»
3.16 kj
2.71
3.20
2.90
aTeragee of dally aerlea
2.56
2.63
2.65
2.63
2.57
2.56
2.61
2.66
2.70
Moody 'a Aaa
corporate
20 years
-
1951 -Apr..
May...
June.
July..
Aug.
Sept..
Oct...
Nov...
Sec
Tajable Treasury bonda
due or callable - 1/
20 yeare
and after
2.8e
2.66
2.62
2.86
2.96
2 31
2.32
2.57
2.68
1950.
1951.
1952.
.
20 years
and after
Moody's Aaa
corporate
bonds
calendar year averagee of montblj serlee
Monthly aerlee
Feb.
Mar.
Apr.
Ma;.
June
From 12 to
20 years
1/2/
Annual aerlee
19li2
Taxable Treasury bonds,
due or callable - i/
Moody's Aaa
corporate
bonds
2.61.
2.87
2.88
2.9I.
2.91.
2.88
2.81.
5/
2.57
2.61
2.61
2.70
2.71
2.71.
2.71
2.75
2.80
2.83
2.89
2. 91.
2.95
3.01
2.98
2.97
3.02
3.07
3.12
Taxable Treasury bonds,
due or callable - 1/
From 12 to
20 years
20 years
and after
1953 -Apr..
May..
June.
July.
Aug.
Sept.
Oct..
Nov..
Deo.
2.97
3.09
3.09
2.99
3.00
2.97
2.83
2.85
2.79
1954 -Jan..
Feb..
Mar..
Apr.
May..
June
2.68
2.60
2.51
July.
Aug..
Sept.
Oct..
Nov..
Dec
1955-Jan.
Feb..
Mar..
Apr.
Moody's Aaa
corporate
bonds
i/
3.21.
3-23
3.26
3.29
3.25
3.22
3.19
3.06
3.3't
3.1.0
3.01.
2.96
2.1»7
2.1.8
2.90
2.85
2.73
2.70
2.72
2.70
2.62
2.60
2. 51
2.61.
2.5a
2.55
2.57
2.65
2.72
2.71
2.77
2.65
2.1.7
2.52
2.51.
2
a
2
2
.68
.68
.77 6/
.92
2 .92
2.92
Taxable Treasury bonds
due or callable - 1/
ProB 12 to
20 years
20 years
and after
3.28
3.21.
3.29
3.16
3.11
3.13
3.06
2.95
2.86
2.85
2.88
2.90
2.89
2.87
2.89
2.87
2.89
2.90
2.93
2.99
3.02
3.01
Moody's Aaa
corporate
bonds
36
Treasury Bulletin
.AVER/OE YIEIDS OF
UMi-VEm
BONDS.
o
E
*
June 1955
37
.INTEPNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(in thousands of doUars)
Fiscal year
or month
Budget
receipts
from
Internal
revenue
Adjustment of
collections
to budget
receipts 1/
39,379,"^
19'n
19W
1.1,853,
W5
to,307,285
39, we, 607
51,106,095
19''9
1950
1951
1952
1953
WSlt
65,63^,891*
70,170,97'*
igjli^uly
Total
collections
reported by
Internal
Revenue
Service
+271,023
-11,057
39,108,386
l*l,861*,5te
10,1711,1*10
-155,81*0
110,1163,125
11,553,669
+1*91,1*75
38,957,132
+660,1*09
50,1*115,686
10,8511,351
111,387,569
+625,308
21,1*66,910
21,59'*,515
21,51*6,322
70,299,652
+379,661
65,009,586
69,686,535
69,919,991
2,81*9,1*31
y
Individual Income tax and employment taxes
Corporation
Income and
profits
taxes
+l)fll*,l,39
9,676,1*59
Individual
Income tax
not withheld 2/
21,367,662
23,379,123
20,527,935
19,797,883
Individual
Income tax
withheld 2/
Old -age
Insurance
taxes i/
Railroad
retirement
9,501,015
9,8112,282
1, '58,931*
9,li61i,20li
11,533,577
10,055,502
9,888,976
13,089,770
1,612,721
1,687,151
379,555
560,113
7,996,320
7,261*, 332
9,907,539
26,62l*,788
33,738,370
u, 31*5,060
17,929,01*7
37,25l',6l9
11,1*03,91*2
37,921,31'*
10,736,578
21,132,275
22,076,329
1,873,1101
2,810,71*9
3,584,025
3,816,252
li,219,30li
Unemployment
Insurance
185,876
208,508
226,228
223,135
236,952
562,731*
51*8,038
579,778
620,622
628,969
605,221
259,616
273,182
283,882
-883
+615
2,850,311*
'',633,375
532,281
1,528,001
'*,633,990
93,008
5,115,671
-61*
5,115,735
299,91*5
1,103,91*0
3,505,'i8l
September
3,173,096
1,1*29,1165
1,696,171*
October, ,
NoTember,
December.
2,699,71*9
-335
+788
2,023,753
199,101
77,617
271,658
1,265,005
3,313,289
1,687,218
21,010
-85
360,516
288,972
1,181,273
1,1*89,029
3,500,681*
004, 978
2,700,081*
11,628,690
1*, 005, 063
61*, 1*03
1*71*
1955-January , ,
February.
March
'>,35lt,123
+35
I*, 351*,
088
351*, 629
3,283,303
2,239,01*8
16,1*11*
5,631,332
10,901,790
996,937
-11*1
5,631,1*73
10,901,701*
271*, 500
11,583,312
6,812,1*52
3,093,755
880,678
769,768
3,1*71.502
2,257,861*
'•6,327
30,903
167,208
19,795
August,
.
11,629,1*78
1*,
+86
'
252,11*5
1,252,385
3,320,589
19,588^/
5/
76,01*3
116,871
91*, 1*86
63,92't
3,881*
15,81*1
586
3,912
15,292
Miscellaneous Internal revenue
Fiscal year
or iik^nth
19'*7
19'i8
19't9
Total
miscellaneous
internal
revenue
8,064,265
8,311,009
8,381,521
8,304,898
9,433,329
Capital
stock
tax 6/
Excise taxes
Estate and
gift taxes
Total
excise
taxes
1,597
1,723
779,291
899,345
6,138
266
79*^,538
Alcohol
taxes
Tobacco
taxes
Stamp
taxes
Manuf ac turers •
and retailers'
excise taxes
Miscellaneous
taxes
700,227
729,730
7,283,376
7,409,941
7,578,846
7,598,405
8,703,599
2,474,762
2,255,327
2,210,607
2,219,202
2,546,808
1,237,768
1,300,280
1,321,875
1,328,464
1,380,396
79,978
79,466
72,828
84,648
93,107
1,939,621
2,119,157
2,220,744
2,245,182
2,840,690
1,551,245
1,655,711
1,752,792
1,720,908
1,842,598
9,804,305
10,837,401
10,452,354
833,147
891,284
935,122
8,971,158
9,946,116
9,517,233
2,549,120
2,780,925
2,783,012
1,565,162
1,654,911
1,580,229
84,995
90,319
90,000
2,824,409
3,358,797
3,126,594
1,947,472
2,061,164
1,937,399
790,031
827,948
838,700
76,597
63,232
72,305
713,435 1/
764,716
766,395
225,528
207,282
249,542
122,532
141,200
137,033
7,323
12,302
12,664
37,72'*
September
692,124
3,120
88,690
231,909
106,479
October,
Hovember,
December,
850,539
839,034
800,036
64,809
61,403
81,382
785,730
777,631
718,654
273,069
279,837
209,478
133,597
123,507
108,384
6,785
3,345
9,324
41,663
695,809
10,026
55,731
175,483
110,105
716,157
773,661
995,497
62,600
66,629
151,501
653,556
707,032
843,996
155,230
181,367
245,583
130,960
U8,796
9,969
9,177
9,854
27,046
676,030
98,840
34,504
232,171
118,979
1950
1951
1952
1953
19511
195'* -July
August,
, ,
195 5 -January,,,
February.
March
Source: Internal Revenue Service reports for detail of collections by
type
of tax; Dally Treasury Statement for budget receipts from Internal
revenue through the fiscal year 1952, and the new "Monthly Statement
of Receipts and Expenditures of the United States Oovemment" for
receipts thereafter. Certain detail by type of tax Is available only
on the basis of returns filed with the Internal Revenue Service. The
figures shown include collections for credit to special accounts for
certain Island possessions, as reported by the Internal Revenue
Service.
1/ Differences between the amounts of Internal revenue reported by the
Internal Revenue Service as collections for given periods and the
amounts reported In Treasury statements as budget receipts for the
same periods arise because of differences In the time when payments
are included In the respective reports. Tax payments are included In
budget receipts when they are reported as credits to the account of
the Treasurer of the United States. Prior to July
1954, they were
included In Internal Revenue Service collection reports after the
returns to which they applied had been received In Internal revenue
offices. Under procedure begun In I95O with withheld income tax
and old-age insurance taxes and later extended to railroad retirement
taxes and many excises, these taxes are paid currently into Treasury
depositaries and the depositary receipts, as evidence of such payment,
are attached to quarterly returns to the Internal Revenue Service.
Under this procedure, the payments are Incluled In bidget receipts in
the month In which the depositary receipts are Issued to the taxpayers.
2/
i/
y
5/
6/
139,189
Revised accounting procedures effective July
1, 1954, extended the
same practice to Internal Revenue Service collection reports.
Monthly figures Include old-age insurance tax on so Ifemployment
income, which is levied and collected as part of the
individual
innome tax beginning with the taxable year 1951. Fiscal year
figures exclude this tax, on the basis of estimates beginning
1952 (see footnote 3), and l,t is Included uMer "Old-age Insuranoe
taxes
Withheld Income tax and old-age Insurance taxes on employers
and
employees are paid Into the Treasury In combined amounts beginning
January 1951. In Internal Revenue Service reports, current
collections have not been separated as to type of tax but the breakdown shown for fiscal years beginning I951 is based on estimates
made In accordance with provisions of Seo, 109 (a) (2) of the
Social Security Act Amendments of I95O, for appropriations to the
Federal Old-Age and Survivors Insuranoe Trust Fund.
New reporting basis beginning with the fiscal year 1953; for
explanation, see footnote on page 1.
Beginning July 1954, collections shown Include uallstrlbuted depositary receipts. For the amount of such receipts, see Table
2.
It will be noted that for excise taxes the undistributed
depoeitalT
receipts are Included in the total only.
Repealed for years ending after June 30, I945. Beginning
I951 '
Included under "Miscellaneous taxes."
"
3«
Treasury Bulletin
-HJTKRNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
"DOLLARS
Billions
Billions
Total*
I
'^^Fiscol year
•
1940
'42
'44
'46
Comparison first
9 months fiscal
June 1955
39
.INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(in thouBBDde of dollara)
195l»
1953
Corporation Income and profits taxee 1/
Ninth month of
fiscal year
First 9 months of
fiscal year
Flaoal year
l^p© of tax
195"*
21,59't,515
21,51*6,322
13,622,251*
1955
1954
(March 1951*
1955
(March 1955)
11,208,509
7,353,717
6,812,1*52
IndlTlduBl Income tax and employment taxee:
Income tax not withheld 2/
Income tax withheld atd old-age Insurance:
EecclTed with rotuma
Undistributed depositary receipts U/
Pallroed retirement:
BecelTed with returns
Undlstrlhuted depositary receipts kj
Unemployment Insurance
11,603 ,9te
10,91*6,578
8,687,750
6,212,1.89
2,697,997
769,768
2'>,7itfl,526
26,085,633
19,693,71*7
18,963,1*15
1*01,828
621*, 803
628,969
605,221
1.68,391*
1*51,651.
i/
297,550
Total IndlTldual Income tax and employment taxes
1,633,062
273,182
283,882
260,887
-2,589
257,896
5,377
U9,l*98
-73,171
19,795
37,25U,6l9
37,921,31"*
29,110,778
26,180,1*15
3,196,360
3,093,755
W
629,598
620,81*5
73,035
92,063
71,778
62,922
79,613
1.6,339
59,1*37
91,159
Miscellaneous Internal reTeniie:
Estate tax
784,590
01ft tax
106,6911
Excise taxes:
Alcohol taxes:
Distilled spirits (imported, exclae)
Distilled spirits (domestic, excise)
Distilled spirits, rectification tax
Wines, cordials, etc. (imported, excise)
Vines, cordials, etc. (domestic, excise)
Dealers in distilled spirits; rectifiers:
of stills ( spec ial taxes
Stamps for distilled spirits intended for
Case stamps for distilled spirits bottled
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers In malt liquors (special
export
In bond
taxes)
Total tobacco taxes
Stamp taxes:
Bonds, issues and transfers of capital stock, deeds of
canveyance, etc
Playing card,s
SllTer bullion sales or transfers
Total stamp taxes
Manufacturers* excise taxes:
Lubricating oils
Gasoline
Tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parte and accessories for automobiles
Electric, gas, and oil appliances
Electric light bulbs and tubes
Badlo sets, phonographs, television sets, components,
etc
Phonograph records
Mus leal instruments
Mechanical refrigerators, alr-oonditionera , quickfreeze units etc
Matches
Business and store machines
Photographic apparatus
Sportli^ goods
Firearms shells , and cartridges
Pistols and revolvers
Mechanical pencils, pens, and lighters
Total manufacturers' excise taxes
Footnotes at end of table.
17,11*7
136,262
19,330
3,587
2,01*7
57,1.01.
6,871*
18,907
155,833
-131
331
7,805
12,te3
12,31*6
102
187
27
18
517
230,566
l,61i3,061»
26,8U5
3,956
76,579
2l|,951
1*,152
711,527
178,768
1,2'H,793
19,326
3,122
55,323
16,272
16,1»S7
2lt
31
1,088
13,013
306
260
2
5,112
881
9,867
262
565,728
3,959
1*,176
52
-66
2,780,925
2,783,012
2,(^1,1.81
2,026,916
223,896
21.5,583
1.6,277
'*5,576
3U,23l*
33,1.61
3,782
3,81*4
U9
1*2
29
38
1,020
13,31*9
Tobacco taxes
Cigars (large)
Cigars (small)
Cigarettes ( large
Cigarettes (small)
Snuff
Tobacco (chewing and smoking)
Cigarette papers and tubes
Leaf dealer penalties , etc
Cigarette and cigar floor taxes
,
l81i,3l*2
1,208,361*
20li,79li
1,61(1,933
manufacturers
Total alcohol taxes
,
863 ,3
27,956
762,983
5,216
7
1,586,775
3,8ei
17,2W'
717
769,771*
5
1,513,731*
1*
3,925
1,123,198
2,892
16,21*9
12,01.9
695
1*91
6,«8
1.8
530,6U5
5
1,106,256
2,81*7
11,993
587
87
1,327
10
59,726
62,710
3
5
»
1
133,462
129,205
332
1,1*16
39
12
1
1
19
6
333
1,449
91
3
1,65U,111
1,580,229
1,172,899
1,155,199
13'*,778
139,189
82,6140
83,035
61,361
75,581.
5,'*3l'
7,582
97
6,91*1
5,1.32
693
21*
17
5,108
50
1
9,178
649
27
90,319
90,000
66,810
60,7l<2
6,128
9,854
73,321
890,679
180, 0U7
210,032
785,716
68,Wtl
835,610
152,079
73,795
606,813
52,158
727,1*38
20,630
9,828
3,018
60,170
11*9,911*
113,077
635,126
99,812
66,982
25,028
113,390
867,1.82
135,21*8
97,1*15
36,681*
35,390
177,921*
159,383
7,617
135,535
8,1*1*5
11,01*8
9,191
87,li2l»
75,059
9,373
8,950
50,259
1*8,992
U,938
25,196
12,766
10,266
975
10,885
2,862,786
2,688,262
29,1*01
15,81*5
12,11*8
983
111*, 1.06
117,579
98,161
679,368
102,539
31,525
81*2
5U
i*,eei*
5,010
192
3,1*2U
217
1.785
4,217
2,639
ll*,011
1*7
-1,053
103,120
6,105
6,968
103,81.6
7,275
101
6,349
252
756
1*Q,206
23,302
2,91*6
lt,078
-175
1*1,187
658
256
208
6,503
8,169
6,256
36,621
21,005
8,832
11,111*
8,1.61
9,900
71*5
81*5
12,258
1,01*0
8,833
7,117
16
9
260
1,991,193
2,051,099
55,022
(Ccntlnued on following page)
1,178
37
1,173
180
1,024
857
34
453
86,168
ko
Treasury Bulletin
.IKTKRMAL REVENUE COLLECTIONS.
Table 2.- Detail of Collections by Type of Tax
(Continued)
(In thousande of dollars]
First 9 months of
fiscal year
Fiscal year
Typo of tax
1953
Mlacellaneoue Internal raTeoiie
-
•
WS^t
1955
1951*
(March 1954)
1955
(March 1955)
(ContlauBd)
Excise taxes - (Continued)
Petallera' excise taxes;
Purs
JevelJ7
Luggage
Toilet preparations
Total retailers
195'*
Ninth month of
fiscal year
Miscellaneous taxes:
Sugar Act of 1937
Telephone, telegraph, radio, aM cable facilities
Local telephone serrlce
Transportation of oil by pipe lino
Transportation of persons , etc
Transportation of property
Leases of safe-deposit boxes
AdjnleslcnB 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, inclullng loarlhuana and special taxes..
Coconut and other vegetable oils processed
Rational Flreams Act
Diesel oil 5/
Wagering taxes
All other. Including repealed taxes not shovn
separately
,
,
,
Total excise taxes:
Eecelved with returns and from sale of stampe
Undistributed depositary receipts U/
Total mlBcellaneoue Internal revenue
Total collections reported by Internal Revenue Service
Adjiiatment to budget receipts 6/
Budget receipts from internal revenue jj
29,836
167,579
65,786
»>,575
^fi.oog
'*38,332
3'*7,775
''9,923
excise taxes
Total miecellaneous taxes
39,036
209,256
79,891
no,iit9
20,362
113,836
95,750
115,677
23lt,659
78,130
1,2U
1,1*37
55,573
151
1,860
1,957
5,768
2,920
2,548
231,283
5,179
12,673
60,529
32
199,9't3
90,675
83,727
305
6,407
1«,772
64,161
286
6,339
9,391
66
1,891
1*1,512
lil7,9'«)
ltl2,508
55,50k
316,287
357,933
28,378
359,''73
272,l81»
287,'t08
2l<6,l8o
21,660
193,933
203,552
33,318
150,561
'»19,6ol»
396,519
9,318
271,952
38,312
31,978
3,227
29't,055
298,9110
5,928
3,931*
207,1>35
,616
13,lfl2
82,765
29,381
29,776
2,650
11,723
12
5
568
11,716
6
13,756
73,885
30,106
10,368
312,831
116,691
36,829
3,'«U
16,505
lit
6
929
17,983
7
15,091
28,19U
21,223
2,78l(
11*, 712
7,793
157
3,61.6
887
61I1
812
489
21
38
115
161
20
627
1
3
1*3
111,252
581
65
49
•
-2
325
650
-16.566
718
10,'t75
918
16,266
8
19,056
9,558
7,'<63
10
19,576
5,950
6I.7
3,505
62I1
6,51.8
163
1,900
2,06l,l61i
1,937,399
1,1.66,507
1,1511,052
aoii,Wi7
118,979
9,9''6,115
9,517,233
7,136,665
6,699,291
629,450
612,446
231,551
31,8511
10,837,li01
10,'t5a,35'*
7,829,185
7,1*31,603
748,875
995,497
69,686,535
69,919,991
50,562,217
114,820,526
U,298,952
10,901,704
+Ji81»,li39
+379,661
4a3i,it3it
+17
+1,520,588
+86
70,170,97"»
70,299,652
50,793,651
l*l*,a20,5U3
12, 819,51*0
10,901,790
Source: Internal Revenue Service reports for detail of collections by type
of tax; Dally Treasury Statement for budget recelpta from Internal
revenue through the fiscal year 1952, and the new "Monthly Statement of
Receipts and Expenditures of the United States CovemiMnt" for receipts
thereafter. Certain detail by type of tax Is available only on the
baals of returns filed with the Internal Revenue Service. The figures
shown include collectlooa for credit to special accounts for certain
island possessions, as reported by the Internal Revenue Service.
1/ Includes excess profits taxes on Army and Navy contracts Imposed by the
Vinson Act ss smended (34 U.S.C. 496), and income tax on business incon^
of exempt organizations imposed by the Revenue Act of 1951, approved
October 20, 1951.
2/ Includes old-age Insurance tax on self -employment income. Imposed by the
Social Security Act Amendments of 1950 (Public Law 734), approved
August 28, 1950. The tax Is levied and collected as part of the li^lvldual Income tax beginning with the taxable year 1951* For estimated
fiscal year breatoiown, see Table 1.
i/ Beginning Januai7 1951, withheld Income tax and social security employment taxes on employers and employees are paid Into the Treasury In
a/
1/
combined amounte, pursuant to the Social Securl^ Act Amendmente of
1950. For estimated fiscal year breakdown, see Table 1.
Under revised accounting procedures effective Jtilj 1, 1951+, tax
payments made to banks under the depositary recelpta system are
Included in Internal Revenue Service reports of collections In the
montji In vhlch the depositary receipts are Issued Instead of the
month in which tax returns supported by the depositary receipts
are received In Internal revenue offices, as was the prevloua
practice. The "Undistributed depositary recelpta" Included In the
collections represent the amount of depositary receipts Issued durli^
the period lees the amount received with returns.
In the case of
excise taxes. It Is not possible to classify the depositary receipts
by type of tax until the returns are received.
Accordingly, the
amount of such undistributed depositary receipts Is Included only In
the total of excise taxes.
Applies to dleeel oil used In highway vehicles.
See Table 1, footnote 1.
Rew reporting basis; for explanation, see footnote on page 1.
Less than $^00.
June
iW
KX
.MOKETAEY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except as noted)
Paper money
End of fiscal
year or month
Total
money In
clrc Illation 1/
Total
paper
money
Cold
certificates
Silver
certificates
2/
igkB.
28,297
27,903
19'>9.
27,'t93
26,9lt2
26,ll82
26,03't
1950.
1951.
27,156
27,809
25,661
26,231
'tl
39
2,061
2,061
2, 061
2,177
2,092
1952.
1953.
29,026
30,125
29,922
27,3118
28,359
28,127
38
37
35
2,086
2,122
2,135
19'»7.
195't.
iiS
It?
"13
Treoeu27
no tee
of 1890
1/
Ifnlted
States
notee
Federal
Reserve
notes
Federal
Reserve
Bank
notee
V
W6
320
321
319
321
318
23,999
23,600
23,209
22,760
353
309
23,'t56
2li3
318
318
320
2it,605
221
200
25,609
25,385
2711
NatlonaJ.
bank
notes
V
106
99
93
86
81
180
77
73
70
1953-December.
30,781
28,968
36
2,100
316
26,253
190
72
195't -July
29,892
29,929
29,985
28,099
28,129
28, n't
35
35
35
2,122
2,137
2, 160
316
319
319
25,377
25,390
25,1113
lit
177
175
69
69
30,0711
28,255
25,895
173
28,675
320
319
311
1711
28,66't
2,169
2,172
25,1187
30,500
30,509
35
35
35
25,9't5
171
29,789
29,817
29,800
27,981
28,007
27,978
35
35
35
2,055
2,083
2,125
303
312
169
169
313
25,350
25,339
25,269
167
68
68
68
29,769
27,938
35
2,13't
316
25,220
165
67
August.. .
September.
October. ,.
November .
December,
1955"January .
February .
March
.
April.
2,llt3
ro
69
69
68
....
6 5
.
,
Treasury Bulletin
k2
.MDRETABY STATISTICS
.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in mllllona)
Gold
End of fiscal
7oar or aonth
Sliver
($1.29* per
fine ounce)
(*35 per
fine ounce)
21,266.5
23,532.5
Ratio of silver
to gold and
Oliver In
monetary stocks
(in percent)
3,525.7
3,571.0
3,618.3
3,671.5
3,718.5
13.2
12.9
13.2
3,768.5
13.9
22,1162.8
3,8li».3
ll'.S
21,927.0
3,863.1
15.0
22,029.5
3,837.0
IU.8
195U-July
August . .
September.
21,907.1
21,809.3
21,810.1
3,867.6
3,870.2
3,875.6
15.0
15.1
15.1
October. ,
November..
December..
21,759.0
21,709.9
21,712.5
3,878.8
3,882.5
3,886.6
15.1
15.2
1955-Jenuary...
February
March
April
21,71'».5
3,891. "t
21,716.3
21,719.2
21,671.3
3,89't.O
15.2
15.2
15.2
15.3
191*7
191*8
19l'9
2l(,lt66.3
21t,230.7
1950
1951
21,755.9
1952
1953
195^
1953 -December.
.
.
.
Source: Circulation Stateaent of United States Money,
sliver monetary stock see Table U,
3,897.9
3,901.6
r
For detail of
11..2
lit.
15.2
Revised
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets
Llobllltles:
Gold certificates,
Balance of gold In
Treasurer's account
etc. 1/
21,700.0
23,166.0
23,373.9
21,653.5
21,662.5
1,053-9
1,077.9
1,053-2
1,052.6
1,032.9
23,187.1
22,029.5
21,712.5
22,178.8
1,008.2
21,51*5.7
1.83.7
21,223.5
U89.O
August....
September.
21,907.7
21,809.3
21,810.1
21,ltU.3
21,308.7
21,320.6
500.6
October.
November.
December.
21,759.0
21,709.0
21,712.5
21,270.2
21,221.1
21,223.5
21,71'*.5
21,716.3
21,719.2
21,228.8
21,222.7
21,217.7
1*93.7
21,671.3
21,175.8
1*95.1.
19''7
22,753-9
191*8
2'*,2U3.9
19'»9
211,1*27.1
1950
1951
22,706.1
22,695.5
1952
1953
WS"*
1951* -July
.
1955-Jsnuary.,.
February
March
.
April
Source! Circulation Statement of United States Money.
1/ Comprlsee (1) gold certificates held by the public and In Federal Reserve
Banks; (2) gold certificate credits In (a) the gold certificate fual -
U96.lt
"•89.
1.88.8
U88.8
1.89.0
1.85.7
501.5
Board of Governors, Federal Reserve ^stem, end (b) the redemption
fund - Federal Reserve notes; and (c) reserve of $156.0 million
against United States notes and Treasury notes of 189O.
June {955
^3
.MONETAEY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(
In millions of dollars
.
kk
Treasury Bulletin
.
MONETARY STATISTICS
Table 5.- Seigniorage on Sliver
(Cuanilatlve from January 1, 1935 - In lollllona of dollars}
June 1955
^5
KATICWAL BJWK KEPOKTS
,
Table 1.- Earnings, Expenses, and Dividends for Calendar Years 1053 and 1954
(Dollar amounte In thouaaiide}
i/
46
Treasury Bulletin
.CAPITAL MOVIMENTS.
Data relating to capital ffloTements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 656O of January 15,
1934,
Executive Order IOO33 of February
8,
191+9,
pages 45-47.
As a result of changes In presentation
Introduced in that Issue, not all b'reakdowns previously
published will be exactly cooparable to those now presented.
and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
monthly.
countries Is reported monthly, and Is publlehed regularly
In the "Treasury Bulletin." Supplementary Information Is
and claims on foreigners and transactions in long-term
published at less frequent Intervals.
Reports by banks,
bankers, securities brokers and dealers, and Industrial
of the latest available prell-iiinary data.
The first three sections which follow are publlehed
They provide summaries, by periods and by
countries, of data on ehort-term banking liabilities to
securities by foreigners, and present detailed breakdowns
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
consolidated figures to the Treaflury. Beginning April 19514-,
data reported by banks in the Territories and possessions
of the United States are Included In the published data.
The term "foreigner"
as used In these reports covers
all institutions and Individuals domiciled outside the
United States and Its Territories and possessions,
the
official institutions of foreign countries, wherever
such institutions may be located, and international
organizations.
"Short-term" refers to original maturities
of one year or less, and "long-term" refers to all other
maturities. A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared in the June
195"*
issue of the "Treaflury Bulletin "
Section IV provides supplementary data in five
tables which appear at less frequent intervals.
Table 1,
short-term foreign liabilities and claims reported by
nonfinanoial concerns, is published quarterly in the
January, April, July, and October issues of the Bulletin.
2, long-term foreign liabilities and claims reported
by banks and bankers, and Table 3, estimated gold and
short-tem dollar resources of foreign countries, are
Table
published quarterly In the March, June, September, and
Table 4, foreign credit and debit
balances In brokerage accounts, appears semiannually in
the March and September issues.
Table 5. short-term
liabilities to foreigners in countries and areas not
regularly reported separately by banking institutions,
is presented annually in the April issue.
December Issues.
Section I - Summary by Periods
Table 1.- Net Capital Movement between the United States and Foreign Countries
(In millions of dollars; negative figures Indicate a net outrlow of capital from the United States)
Analysis of net capital movement
Calendar year or month
Net
capltAl
movement
Changes In liabilities to foreigners
Short-term
June 1955
^7
.CAPITAL MOTTEMEMTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(PoaltloD at end of period In
nimopa
of dollars)
Short-term liabilities to foreigners
Payable In dollars
KDd of calendar year
or month
19ll2
li,205.l*
19113
5,3711.9
I9I1I1
I9I15
5,596.8
6,883.1
I9I16
6,l.fi0.3
19117
I9I18
7,116.1*
-
,
191*9
1950
1951
,
7,718.0
7,618.0
8,61*4.8
9,302.2
1952
1953
10,51*6.1
195I1
12,925.11
11,61*8.1*
1951* -July
,
12,437.6
12,532.5
October. . .
RoTember..
December..
12,526.1
12,574.6
12,925.4
.
p
r
12,ll27.5
August
September.
1955-Jsnuary , , .
Februai7 p,
March p. .
:
12,853.5
12,694.5
12,714.7
:
Foreign
official
Other
foreign
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
4,654.2
5,666.9
6,774.0 r
International
Short-term claims on foreigners
Payable In dollars
Payable In
foreign
currencies
Loans to
foreign banks
Payable In
foreign
currencies
708.3
72.0
86.4
105.4
100.3
319.6
143.7
137.2
169.7
245.0
290.5
30.9
34.4
54.6
47.5
98.1
948.9
1,018.7
827.9
898.0
968.4
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
506.3
699.4
165.4
100.4
110.8
240.6
91.8
43.2
1,048.7
904.5
1,384.2
122.9
156.5
210.7
847.5
646.5
966.6
78.4
101.6
206.8
47.0
45.9
47.3
1,109.6
1,108.6
1,187.4
178.3
178.7
187.1
811.2
801.5
825.9
120.1
128.4
174.4
1,773.9
1,792.8
1,769.9
42.9
41.7
43.2
1,290.6
1,315.5
1,384.2
194.9
219.6
210.7
931.5
928.1
966.6
167.9
206.8
1,752.2
1,781.9
1,818.2
45.2
55.5
47.4
1,378.1
1,366.5
1,346.9
224.5
208.7
190.5
960.6
988.4
991.3
193.0
169.4
165.1
246.7
257.9
329.7
392.8
473.7
13.9
17.9
21.6
25.5
40.6
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
49.7
70.4
51.0
44.9
72.2
4,245.6
4,308.4
4,338.3
1,584.9
1,629.4
1,769.9
61.4
43.7
6,438.6
6,287.3
6,319.2
4,285.3
4,353.5
4,364.1
1,656.5
1,751.0
1,801.9
6,404.2
6,379.3
6,774.0 r
4,305.1
4,360.8
4,338.3
6,749.5
6,519.7
6,466.3
4,306.6
4,337.4
4,382.7
Prellmlnaiy.
ReTlsed.
Table 3.- Purchases and Sale 6 of Long-Term Domestic Securities by Foreignere
(in millions of dollars; negative figures indicate a net outflow of capital from the United States)
164.2
hi
Treasury Bulletin
.CAPITAL MOVIMEMTS.
Sectlon I - Summary by Perlode
Table 4.- Purchases and Sales of LonK-Term Foreign Securities by Foreigners
June 1955
1^9
.CAPITAL MOVOtENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
i^
(Position at end of period In millions of dollars)
Calendar year
19511
1955
Country
1950
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Bepublic of...
Greece
Italy
Netherlands
Norway
Poland
Portugal
Bumanla
Spain
United
260.7
221.6
32.3
31lt.7
193.6
43.6
k.2
6.1
21.3
Sweden
Swltierland
Turkey
U. S. S.
itl.9
128.2
5.6
'5.5
18.3
E
Eln^om
Yiigoelavla
Other Europe
U5.3
553.0
11* .3
4.0
656.6
13.2
2it6.e
Total Europe
Canada
899.0
Latin America :
Argentina
Bolivia
Brazil
Chile
Colombia
226.0
79.5
53.4
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W. Indies & Surinam
Panama, Republic of
Peru
El Salvador
301.8
20. It
259.1
142.7
25.lt
207.1
30.2
Uruguay
Venezuela
Other Latin America
59.2
60.2
16.1
75.1
85.2
71.3
Total Latin America
1,612.9
Aala:
China Mainland
Fonoosa
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Fepubllc of 2/
nilllpplnes
81.7
86.1
55.7
Ult.7
20.3
12.6
l»58.5
19.1*
37lt.4
Thailand
Other Asia
92.5
Total Asia
1,36U.2
148.2
Other countries:
Australia
Belgian Congo
Egypt and Anglo -Ifeyptl an Sudan.
Union of South Africa
All other
Total other countries
International
Grand total
19.1
58.1
75.6
ltl».0
57.7
2514.5
1951
1952
1953
November
December
January
February p
March p
April p
Treasury Bulletin
50
.CAPITAL MOVIMENTS.
Section II - Summary by Countriee
Table 2.- Short-Term Banking Claims on Foreigners
(Poaltlon at end of period In llllona of dollara)
Country
June 1955
51
.CAPITAL MOVEMENTS.
Section II
Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
-
{jn thoufiandB of dollars; negative flguroH Indloate not aaleB by foreigners or a net outflow of capital from the United States)
Calendar year
1951*
1955
Country
1951
1950
1952
1953
January
WS"!
Europe:
Austria
Belgium
Chechoslovakia.
Denmark
Finland
France
Germany, Federal Bepubllc of.
Greece
Italy
Netherlands
28
-11,876
5,655
-58
401
-80
421
-488
11
48
-29
197,765
5,969
5,460
154
551
490
-21,943
18,1.35
12,611
-113
-32
W6
-12
60
4
-732
-6,327
1,921
-22,174
Norway
Poland
Portugal
Pumanla
Spain
36,722
62
-38,103
138
-1*79
201
-925
56
491
Sweden
Switzerland.
Turkey
-1,050
19,004
28
U. S. S.
..
.
.
Canada
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia.
-439
-414
938
25
2,956
-4
-6
-49
-1,158
-933
123
116
800
30
87
-521
57,086
-45
-8
-287
73,402
-20
4,518
244
13,011
1,416
-191
-43
63,981
45,897
84
-149
21,369
570
50,729
63
70,431
71,258
69,766
5,933
8,012
-155
-313
-3
-184
77
-1,791
-5,276
-89
419
-89
8,25't
287
-1,798
-14
-1,373
3 ''7, "193
9,245
111,467
62,323
138,928
8,565
458,236
-595,495
191,647
-120,617
-187,195
-5,168
-1,389
83
-104
-710
-1,150
-962
1,268
358
281
412
1,138
119
638
1,115
-1,519
-938
202
413
1,979
-474
-122
19,385
-1,029
-1,170
-886
873
84,255
265
-1,267
624
-3,137
-31
1
13,339
Cuba
Dominican Bepubllc
Guatemala
Mexico
Hetherlande W. Indies & Surinam,
24,641
Panama, Pepubllc of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total Latin America.
338
1,550
637
510
6,051
1,785
-836
33
-82
257
9
-425
170
409
6
2,501
3,066
2,592
436
89
373
10,893
-5,048
1,068
874
764
-84
-10,921
2,558
-2,424
664
21
3,450
2,309
-6,532
96
65
2,680
1,594
1,687
3,041
6,403
3,649
8,025
•2,813
356
347
1,170
30,111
13,890
4,686
24,859
U3,179
72
-2,963
-153
-203
-153
853
-1,432
-404
-420
5,393
-404
-748
213
154
480
-356
'1,213
1,'»'*3
-119
-40
3
228
-58
849
-75
Asia:
China Mainland
Formosa
Hong Eong
India
Indcneaia
Iran
Israel
Japan
Korea, Bepubllc of.
Philippines
Thailand
Other Asia
93
18
274
-2,421
-9
1
Total Europe.
21
1,146
-22
393
1,582
16,992
-148
-101
-616
-34,339
-7
1,021
-208
1,464
-98
-103
United Kingdom.
Yugoslavia
Other Europe
183
-481
-21,319
4,060
4,869
-4,542
41
631
2
-925
5,978
1
B
1,813
-581
2
1,800
963
-41,668
I
2,337
-317
-267
7,014
-648
252
1,313
30
27
-110
9
42
-69
141
101
543
491
-57
-94
343
-41
-550
-11,422
-179
-1,079
U
149
-382
-180
247
1,737
599
877
-141
758
-21
310
-15,317
'•,753
-9,535
70
3,451
69
-359
99
14
123
-903
-222
168
-20
4
2
210
541
2,326
1
-138
-1,237
15
-1,552
-13,696
i/
875
4
160
-2,283
143
1/
-2,068
i/
-49
y
33
-6
25
-239
Other countries:
Australia
Belgian Congo
^ypt and Anglo -Egyptian Sudan.
Union of South Africa
All other
-88
71
156
115
2,433
Total other countries.
2,687
-744
1,935
-889
3,225
-1,368
International.
121,220
-15,938
14,744
22,741
77,730
25,632
Grand total.
944,430
-584,289
314,944
-U,513
149,318
27,802
14
-954
228
-114
2
-499
1,021
1,770
February p
March p
:
.
.
n
.
.
52
Treasury Ballet
.CAPITAL MOVIMENTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollars; negatlva figures Indicate net sales ty foreigners or a net outflov of capital from the United States)
Calendar year
1954
1955
Counti7
1950
1951
1952
1953
1954
January
February p
Europe
Austria
Belgium
CzechosloraJcla.
Denmark
Finland
Fl*ance
Oennany, Federal Eepubllc of.
Greece
Italy
Netherlands
Norway
Poland
Portugal
PuDanla
Spain
,
Sweden
Svltxerland. ...
Turkey
U. S. S. R
Ulolted Kingdom.
TugoBlavla
Other Europe..
Total Europe ...
Canada
77
2,167
21
3,228
169
5U9
-303
-25
3,818
3,511
1,995
1,489
-28
-U
5,256
98
5,309
58
-1,281
-'•,133
-1.31
13
10
U96
26
1,167
2,773
-'t,721
3,255
6
3,312
-8
-1,293
-3, "121
3,056
7,214
50
-633
1
712
-3
-5
6,260
-24,631
12,004
247
25,574
1,179
6,888
930
291
156
3
28
79
6
4,904
5,395
-506
40
-162
50
-1,075
103
1,170
-8,702
3,143
-6,091
-4,670
1,260
1,351
3,991
-84,841
1,345
-364
-318
67
4,706
2,048
17
159
-2
635
-1,685
-43
-585
406
-10,635
-24
-209
106
-9,308
18
142
-5,755
856
-2,253
-1,497
174
5
85
-7,684
10,337
465
2,695
-945
279
-65
-44
61
-59
-13
-29
77
4
270
-17
286
-73
-9
207
62
-20
33
26
-90
-11
-487
33,620
-115
-42
4,158
-387
1,571
-197
7
-14
64
2,454
6
795
6
282
37,304
-18
-4,398
37,051
-9,463
-5,510
-2,877
495
-445
-2
-1
121
871
9,209
-599
17,183
50
961
-163
11*, 21*5
8,734
l»7
5
-6,128
-6
-2,0l»7
-135
502
-19
806
752
1,131
2,807
1,894
-2,071
-463
132
13,WtO
28,500
19,939
96,259
-9,119
-4,085
-11,693
-3,445
-22,745
-8,432
-189,968
-258,567
-141,019
-137,761
-133,174
38,648
-800
4,653
-14,604
42,501
597
50
7,511
2,660
1,916
-Wo
116
78
6,984
2,163
1,714
501
54
7,189
1,562
1,245
-292
77
5,540
51
94
-193
-11
-6
157
-185
1,760
47
-105
-323
2
-296
44
-330
29
309
-506
199
35
-35
7,05't
5,239
48
168
4,296
1,11;
3,089
-1,007
127
5,354
515
5,311
176
150
542
14
265
89
-351
5
28
6,031
435
376
-47
351
5,065
340
2,137
1,633
496
6,299
1,322
129
2,753
-430
117
12,179
151
-270
-3
-4
l,71lt
1,804
296
441
-50
775
145
6,205
-703
-19
-11
-314
-6,346
1,658
-20
-33
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colomhla.
Cuba
DcoLlnloan Pepubllc
Guatemala
Mexico
Netherlands W. Indies & Surinam.
IS-*
5,388
5,239
1,281
236
12,365
73
66
3,964
25
1,850
-21U
73 "•
2U
-7
Panama, Eepubllc of
Peru
El Salvador
Uruguay
Venezuela
Otlier Latin America
729
-107
556
1,730
1,306
-1,209
Total Latin America.
29,836
33,816
25,332
34,599
32,760
7,663
261
339
535
353
1
-8
1,168
8,681
-35
10
102
2,358
140
2
1,492
109
4,869
22
2?0
2,159
15
27
12
-37't
-51,3-t6
-46,757
9,782
25
-38,172
4,038
750
2,210
309
238
-32
8
634
-45
-204
189
1
254
1,647
16
-1,063
170
761
150
-1
429
5
-26
-29
716
-64
9
-1,400
-88
42
-24
13
159
638
185
964
139
-314
-545
-62
111
-209
-54
-45
-1,392
3,584
2,029
Asia:
China Mainland
Formosa
Hon^ Kong
India
Indonesia
Iran
Israel
Japan
Korea, Bepubllc of.
Philippines
-13
136
17
-53
46
,041
15
21
68
-164
139
-3
-23
13
3
-32
27
-14
1
-39,992
6,232
-2,900
48
-7
4
5
-15
-6,558
323
-5,127
659
-4,159
105
22
-18
105
130
-3 ,826
3
-1
-1.5
14, 32!•^
281
-133"
7
-7
Thailand
Other Asia
-3
6,li81t
-k9
Id
4,320
1,272
434
501
-2,387
-211
-132
213
-175
35
1
47
-1,309
44
-183
7
Total Asia
972
-36,003
-10,042
-29,905
-34,149
-2,808
-6,350
-3,346
-5,291
-3,687
10,858
2,519
25,959
11,042
-10,090
9,202
1,054
-2
-U
-403
-5,413
16
-7,083
185
3,054
25
222
62 It
4,013
93
-68
-5
-3
43
3,898
7,938
-3,567
l'»5,387
Other countries:
Australia
Belgian Coaigo
Egypt and Anglo-£^yptlan Sudan.
lAilon of South Africa
All other
Total other countries.
International .
Grand total.,
i/
-285
-1,321
3
-1
28
9,280
-5,107
4,956
60
-5,647
1,722
U
70
-158
-239
236
-34
-16
-2,599
-203
5,981
25,813
7,180
-246
-1,649
-9,829
9,203
-1,762
•152,673
-118,067
-61,236
-163,886
-2,871
-1,858
-2,625
-2,553
9,303
376,989
-217,876
-72,231
300,388
36,301
-22,664
-15,984
-32,406
39,952
11
-73
Not reported separately prior to March 1954.
p
Preliminary.
2
June [955
53
.CAPITAL MOVEMENTS.
Section III
-
Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of April 30,
1955
(^Bltlon In thouBasda of dollars)
aiort-t«ni llakllltlea psfakle In lollars
Total
abort- tern
Country
llaMlltles
Ittrope:
Austria
Belglmi.
CxeohoalOTakla
Denmark
rinland
France
Qeraany, FeAeral Republic Of.
Greece
Italy
Betherlsnds
orway
272,285
105,501
690
69,708
37,212
670,713
1, wit, 51*5
isit.itae
639,32''
218,232
76,823
1,368
Poland . . . .
Portugal
Bunanla
Spain
9't,58l
8,318
99,215
Svitxerland
Turkey
U.S.S.B
United Eingda
118,220
657,570
11,063
1,818
681,017
YugoelaTla. .
Other Europe.
1*00,160
Total £urope.
5,71't,7l6
Canada. ........
1,320,915
8,865
Latin AaerlcBi
Argentina.
Bolivia...
Brazil
Chile
Coionhla..
Cuba
155,893
26,51(9
110,703
75,75''
89,1107
,
DoiElnloan Bepnhllc .....
Guatemala ...............
Mexico
Hetherlands H. Indies &
Panaaa, Bepubllc of
Pern
Salvador
n
TTrognay
Venezuela
Other Latin America
Total Latin America
251,678
67,827
U8,239
375,962
''3,612
80,730
61.
,627
1.6,317
7'',093
223,227
131,6'tl
l,Bii6,259
A«la»
5W
China Mainland.
36,
India
Indonesia. .........
32,566
58,986
83,535
96,058
Iran
Israel
Japan
Korea, Bepubllc of.
niillpplnes
2''9,3't5
Thailand...
Other Asia.
257, '•91
Total Asia.
1,848,328
1.6,955
W,l.88
7U,800
100,315
130,2li9
Other countries!
Australia
Belgian Congo
Egypt and Anglo-qgi>tlan Sudan.
Union of South Africa
All other
60,393
W',367
53,882
35,872
103,329
Total other countrlea.
297,81.3
International.
Orand total.
.
To foreign
1>anka anl offlolal Instltutlona
To all other foreigners
U. 8.
Sepoalta
Treaaur;
Mlla aal
certificates
n. 8.
Depoalta
TpeasuiT
bills anl
certificates
Treasury Bulletin
5"^
.CAPITAL MOVOIEHTS.
Section III
Table 2.-
-
Preliminary Details by Countries
June
IW
55
.CAPITAL MOVEMENTS.
Table 3.
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners during March 1955
(
In thousands of dollars
Treasury Bulletin
56
.CAPITAL MOVEMENTS.
Section IV
-
Supplementary Data by Countries
Table 2.- LonK-Tern ^Liabilities to and Clalme on Foreigners Reported by Banks and Bankers
57
Jane 1955
.CAPITAL MOYIMEMTS.
Section IV - Supplementary Data by Countries
3.Estimated Gold and aiort-Term Dollar Resources of Foreign Countries
Table
(Position at end of period In millions of dollars)
Area and couQtZ7
1950
Continental Western Europe:
Austria
Belgium-Luxembourg (and Belgian Congo).
Denmnrk
Finland
France (and dependencies)
92
SW
76
30
Germany, Federal Eepubllc of
Greece
Italy
Setherlanda (ani Netherlands West Indies
and Surinam)
Korway
222
36
571
Portugal ( and dependencies
Spain (and dependencies)
Sweden
Svltzerland
Turkey
Other 2/
257
132
205
Total Continental Western Europe.
559
91.
!,023
I6U
686
6,8e9
Sterling area:
United Kingdom
United Kingiom dependencies.
India
Union of South Africa
Other
Total sterling area,
Canada
3,557
120
303
21*1
232
_M53_
1,988
Latin America:
Argentina
Bolivia
Brazil
Chile
Cuba
Dominican Eepubllc
El Salvador
Guatemala
Mexico
Panama, Eepubllc of.
Peru
Uruguay...
Venezuela.
Other
518
1*3
5''3
120
530
1.7
50
53
59
91
311
1*58
217
i/
^___
Treasury Bulletin
56
.CUMULATIVE TABLE OF COMTEIWS.
July 1954 through June 1955
June
m^
59
.(JUMULAI'IVE
TABLE OF CONTENTS.
July 1954 through June 1955 - (Continued)
Issue and page number
195'*
July
Aug.
Sept.
25
25
30
30
25
25
26
31
26
31
32
26
27
33
28
Treasury savings notes:
Cumulative sales and redemptiaia liy series
Sales and reden^tlons by periods, all series combljied
Ownership of Federal Becurltiee:
Distribution by classes of Imrestora ai^ typws of lesxies
Net market purchases or sales for Investanent accounts haniled by
the Treasui?
Estimated ownership
Treasury survey of ownership of Federal securities
Ownership by banks. Insurance companies, and others
Ownership by conmerclal banks olAselfled by membership in Federal
Peserve ^etem ( latest date December 31, I95U)
28
32
Market quotations:
End -of -month closing quotations on Treaaury securities by lesuee..
Chart - Yields of Treasury securities
37
39
36
38
ito
39
Itl
l«)
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds....
Internal revenue collections:
Summary by principal eouxxies
Chart - Internal revenue collections by principal souix^es.
Detail of collections by type of tax
41
i'3
1.1.
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
C(Miponente of silver monetary stock
Selt'u'iiorage on silver
Incrrnent fror? rediwtion In wolght of gold doUer (latest date
March 3I, 1955)
Ul
1.6
la
119
Exchange Stabilization Fund (latest date December 31, 195*^:
Balance sheet
Incaae and expense
50
51
,
national bank reports:
Eamlnga, expenses, and dlTidends for calendar years 1953 and 1954..
Capital movements between the United Btatea and foreign
countries:
Summary ty periods since 1935
Summary by coxmtrles and periods
Short-term banking liabilities to forelgnoro, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term llabllltiea and claims reported by nonflnanclal concerns.
Long-term liabilities and claliia reported by banks aM bankers
Estimated gold and short-term dollar resources of foreign countries
and international InstltutionB
Foreign credit and debit balances in brokerage accounts
Short-term llabllitlos, coimtrlea and areas not regularly reported,.
53
55
59
60
61
Corporations and certain other business-type aotlvltlea:
Balance sheets and loans by type (latest date Decenber 31, igsli).
IncGMB azid expense (latest date December 31, 1954)
Source and application of funds (latest date BeceiAer 31, 1954)!!
57
1.3
Oct.
Ho v.
Dec
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25
,
D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
5674
'^•P.
Treas.
HJ
10
.A2
1955
C.2
I
i
I
U.S. Treasury Dept.
Treasury Bulletin
2_
I^^^l
TREASURY LIBRARY
^|
@FedFRASER