Full text of Treasury Bulletin : June 1958
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LIBRARY
ROOM 5030
JUN
2 3 1972
TREASURY DEPARTMENT
MEASURY:
BUILILtETIlN
JUNE- 1358
UNITED STATES TREASURY DEPARTMENT
OFFICE DF
THE SECRETARY
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, $7-50 foreign.
Single copy price varies.
June 19J.S
Table of Contents
Treasury financing operations
Page
A-l
Summary of Federal fisoal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
o
Cash Income and outgo
10
Account of the Treasurer of the United States
lo
Debt outstanding
!S
Statutory debt limitation
21
Debt operations
22
United States savings bonds
3
Ownership of Federal securities
3&
1*
Treasury survey of ownership of Federal securities, ko
Market quotations on Treasury securities..
W
Average yields of long-term bonds
^7
Internal revenue collections
^9
Monetary statistics
53
National Bank Reports
57
Capital movements
5&
Corporations and certain other business-type
activities - statements of financial
condition
70
Cumulative table of contents
Note:
100
Where calculations have been made from unrounded
figures, the details may not check to the totals
shown.
Treasury Bulletin
Reporting Bases
Data on receipts, expenditures, and debt which appear In the
"Treaaury Bulletin" are taeea largely on two Treasury financial
reports, the "Dally Statement of the United Statee Treasury" and
the "Monthly Statement of Receipts and Expenditures of the
United States Government.
"
Certain monetary statistics are baeed
at least In part on the "Circulation Statement of United Statee
Money."
Where theee etatementa are given
dividual tables, they are olted by name only.
as
sources for inTheir reepectlve
reporting bases are deeoribed below.
For other data In the
Bulletin, Information on sources or reporting bases le given In
tlon with the tables themselves.
The monthly statement of receipts and expenditures was first
published for February 195I*, and replaoed the dally statement ae
the primary source of Information on budget results and other
receipt and expenditure data classified by type of aocount.
At the same time,
The daily statement on the new basis wae first issued for
February 17, 19^.
In the deposits and withdrawal*, as shown,
no
distinction Is made ae to the type of accounts (budget, trust,
etc. ).
The deposits are on the baela of certificates of deposit
cleared through the aocount of the Treasurer of the United States.
Total withdrawals are on the basis of ohecks paid or cash dis-
bursements made out of the Treasurer's aocount.
Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of oheoks Issued and are adjusted by means of
clearing aocounte to the total of ohecks paid. Exoept for
relatively minor amounts, nonoash lnterfund and other lntragovernmental transactions are excluded. The public debt figures
In the dally statement also are on a "clearance" basis, with the
exception of those leeuance and retirement transactions reported
on the basis of telegrams from Federal Reserve Banke
Nonoash
debt transactions are Included, however.
.
the dally statement was changed to a statement
of oaBh deposits and withdrawals affecting the account of the
Treasurer of the United States.
Both publications have provided
comparative figures on their reepeotlve bases from the beginning
of the fiscal year 1953. The announcement of February 17, 195^,
with respect to theee reporting changes may be found In the
April I95U Issue of the- Bulletin.
The dally statement before February 17, 195 *, covered not
only transactions cleared through the Treasurer's aocount but
also certain Government agency transactions whloh were handled
1
through commercial bank accounts, and Included nonoash lnterfund
and other lntragovernmental transactions. It provided information
similar to that in the present dally statement with respect to the
etatus of the Treasurer's account,
and similar to that In the
end-of-month dallj statement with respect to debt
Issuance, retirement, and amount outetandlng.
Recelpte and
expenditures, however, were classified by type of account, and
The monthly statement Bhows all reoelpte and expenditures
Including those made from cash accounts held
outside the United States Treaaury. The Information Is complied
present
from reportB by the Treasurer of the United States and by all
the budget results shown in the dally statement were used as the
basis for reflecting the results under the President 'e budget
program as enacted by the Congress.
of the Government,
other collecting and disbursing agencies, Including those agenclee
which maintain checking aocounte In commercial banks. Theee
reportB oover transactions recorded In the accounts of the
agenclee during the reporting period. The net of the transactions as compiled from these reports Is reconciled in the
monthly statement to changes In the balance In the Treasurer's
aocount and In cash held outside the Treasurer 'e account and
changes In the publlo debt outetandlng.
Recelpte of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially on a
collections basis and partially on a deposits basis. Expenditures,
exoept Interest on the public debt, are reported on the basis of
checks Issued or caeh payments made by disbursing offloers.
Transactions of an lnterfund or lntragovernmental nature are
Included on the same basis even though the actual issuance of
ohecks may not be Involved.
Interest on the public debt Is Included on an accrual baels beginning with figures for June 1955
and the fiscal year 1955- Prior to that, it was lnoluded on a
due and payable basis.
The same reporting baels as that In the
monthly statement provides the fiscal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Government" and for actual receipts
and expenditures in the "Budget of the United States Government."
Receipts were on the basis of deposits ae they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive baeee. Through 19M-6 they
were on the basis of checks paid by the Treasurer of the United
Statee.
Beginning with 19^7,
expenditures made through the
facilltlee of the Treasury Department's Division of Disbursement
were on the basis of checks lBsued, while certain others, prin-
cipally those of the Department of Defense and ltB predecessor
organizations, were on the basis of checks paid. Transactions
handled through commercial bank accounts, ooneletlng of market
transactions in public debt and guaranteed securities, were as
reported by the agenoles.
Interest on the publlo debt wae included on a due and payable basis beginning with November 19^9
and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary etooks of gold and
silver and the amounts of ooln and currency In the money supply
of the oountry.
It Is Issued later than the dally statement,
however, and the flguree are based on transactions consummated
during the reporting period even though some may not have
cleared the Treasurer's aocount during that period.
1958
Treasury Financing Operations
June Financing
others.
An exchange offering on June 4 of a short-term
security and an Intermediate-terra security and a cash
offering on June 3 of a long-terra bond were announced
by the Treasury Department on Kay 29, 195S.
The
Allotments on subscriptions from savings-
type investors were 60 percent, on those from
commercial banks, 40 percent, and on those from all
others,
June
Issues to be refunded totaled nearly $9.6 billion.
The cash offering was for $1 billion, or thereabouts.
5
25 percent.
A Treasury announcement on
stated that commercial banks were given a
preferential allotment as compared with other classes
of subscribers, other than savings-type investors,
in view of the fact that subscriptions which com-
The refunding Issues were a 1-1/4 percent 11-month
certificate of Indebtedness and a 2-5/3 percent
6-year S-month bond, both dated June 15, I95S. The
cash offering was a 3-1/4 percent 26-year 11-month
mercial banks could submit for their own account
were restricted to a low oercentage of their savings
deposits or capital funds, whereas no limitation was
placed on other classes of subscribers.
bond, dated June
Of the last, the announce3, 195S.
ment stated, up to SlOO million might be allotted
to Government Investment accounts.
Subscription
The savings-type Investors whose subscriptions
were given a 60 percent allotment were as follows:
mutual savings banks; 6avlnga and loan associations;
books for the exchanges were opened June 4 and were
closed at the close of business on June 6. For the
cash offering, the books were open on June 3 only.
Any of the Issues refunded were exchangeable for
building and loan associations; cooperative banks;
credit unions; insurance companies; pension, profit
sharing and retirement funds— State and local, corporate; fraternal benefit associations and labor
either refunding Issue, singly or In combination.
unions for their Insurance funds; common trust funds,
Subscriptions accepted for the refunding Issues
totaled $9,200 million, leaving $356 million to be
paid In cash.
For the new long-term bond offered
and endowment funds of educational, eleemosynary
Institutions and other nonprofit organizations.
for cash, allotments on subscriptions from the public
amounted to nearly $1,033 million and allotments to
Government investment accounts were $100 million.
Results of the financing are summarized in the
3-lA
A payment of 20 percent of the amount of the
percent bonds of 19S5 subscribed for was required to accompany all subscriptions, including
those of commercial banks, In immediately available
funds.
Commercial banks, which for this purpose
following table.
Exchange offering
Maturing securities
held by
Cash
offering
Federal
Reserve
Banks and
Government
Investment
accounts
3-1/4%
bonds
of 1985
Securities issued in exchange
Total
1-1AK
Total
Maturing securities eligible
for exchange
2-7/8% notes. Series A-1958,
maturing June 15, 1958
2-3/8% bonds of 1958,
maturing June 15, 1958
2 -3 A* bonds of 1958 -63,
called for redemption on
June 15 , 1958
Total In exchange offering.
certificates
Series
B-1959
Payable
2-5/8*
bonds
of 1965
In
oash
May 29,
1958
Commercial
banks
1/
(In millions of dollars)
4,207
1,015
3,193
184
4,392
424
1,189
4,099
710
3,389
146
4,245
26
1,524
91
802
25
9,200
1,815
7,384
356
9,555
449
Cash offering:
Allotments to the public
Allotments to Government
Investment accounts
647
3,360
1,033
100
Total In cash offering
1/
outstanding
1,133
A6 reported In the Treasury Survey of Ownership as of April 30, I958.
Subscriptions to the long-term bond totaled
$2,570 million, with $S6o million from savings-type
Investors, $532 million from commercial banks for
their own account, and $1,173 million from all
are defined as bank* accepting demand deposits,
were restricted to a subscription for their own
account not exceeding 2 percent of the combined
amount of time certificates of deposit (but only
Treasury Bulletin
Treasury Financing Operations
those Issued In the names of Individuals, and of
corporations, associations, and other organizations
not operated for profit), and of savings deposits,
or 5 percent of the combined capital, and surplus
and undivided profits of the subscribing bank,
whichever was greater.
Any commercial bank qualified
as a depositary was permitted to make payment for
bonds allotted to Itself and Its customers by credit
In Its Treasury tax and loan account up to the amount
for which It was qualified In excess of existing
deposits.
-
(Continued)
attached and bonds registered as to principal and
Interest were Issued In denominations of $500,
$1,000, $5,000, $10,000, $100,000, and $1,000,000.
The 3-1/4 percent Treasury bonds of 1985 were
Issued at 100 1/2 and accrued interest, and bear
Interest from June 3, 1958, at the rate of 3-1/4
percent per annum. Interest is payable on a semiannual ba6ls on November 15, 1558, and thereafter
on May 15 and November 15 In each year until the
principal amount becomes payable on May 15, 1585i
at maturity.
Commercial banks and other lenders were requested to refrain from making unsecured loans, or loans
collateralized In whole or In part by the bonds subscribed for, to cover the 20 percent deposits re-
quired to be paid when subscriptions were entered.
Commercial banks were required to certify on all
Weekly Treasury Bills Refunded
New Issues of 91-day Treasury bills totaled
$8.7 billion in May and refunded equivalent 91-day
maturities. The first three were for $1.7 billion
subscriptions entered for account of their customers
that no such loans had been made; and that the banks
each and the last two, for $1.8 billion each.
Average rates of discount on the new Issues were
I.366 percent for May 1; 1.187 percent for Kay 8;
had no beneficial interest In their customers' subscriptions, and that the customers had no beneficial
1.112 percent for May 15; O.930 percent for May 22;
and O.635 percent for May 29.
interest in the bank6' own subscriptions.
Calls for Two Bond Issues
The new Treasury certificates of indebtedness,
designated Series B-1555, bear interest from June 15,
1952, at the rate of 1-1/4 percent per annum pay-
able on a semiannual basis on November 15, 1958.
and at maturity on May 15, 1559- They were Issued
in bearer form only and in denominations of $1,000,
$5,000, $10,000, $100,000, $1,000,000, $100,000,000,
and $500,000,000.
On May l4, 1558, the Treasury Department issued
public notices of call for redemption of two Treasury
bond issues on September 15, 1958, on which date
interest on the bonds will cease. The Issues called
are the 2-1/4 percent bonds of 1956-59, dated February 1, 1944, due September 15, 1555, and the 2-3/8
percent bonds of 1557-55, dated March 1, 1552, due
March 15, 1959. There are outstanding $3,818 million
of the 2-1/4 percent bonds and $527 million of the
The new Treasury bondB of 1965 bear interest
from June 15, 1558, at the rate of 2-5/8 percent
per annum, payable on a semiannual basis on February
15 and August 1R, 1959, a" d thereafter on February 15
and August 15 in each year until the principal amount
becomes payable at maturity on February 15, 1565.
For this Issue and also for the new 3-1/4 percent
Issue of 1985, bearer bonds with interest coupons
Note:
Details of Treasury market financing operations are
shown elsewhere in this Issue of the "Treasury
Bulletin," In the tables on "Offerings," "Allotments,"
2-3/S peroent bonds.
The notices stated that in advance of the
redemption date holders of the bonds may be offered
the privilege of exchanging all or any part of their
called bonds for other interest-bearing obligations
In which event public notice
of the United States,
will hereafter be given and an official circular
governing the exchange offering will be Issued.
and "Disposition," respectively, of marketable Issues
of bonds, notes, and certificates of Indebtedness,
and in the table "Offerings of Treasury Bills."
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Budget receipts and expenditure*
Net
receipts
Expenditures
1/
2/
deficit
(")
2/
Net of
trust
account
and other
transactions
2/
y
(-)
i/
-20,676
-521.
36,"»95
6o,kk8
39,032
33,069
39,507
39,617
"•7,568
V., 058
61,391
6k,825
6k, 655
60,390
61.,
68,165
71,029
72, UOO
72,788
7k,k00
73,93".
38,568
Uo.389
ko,86k
37,955
35,623
2,1.3'.
37,511.
1.1,106
37,306
37,728
-3,592
J*22
52,979
6k,8ko
63,8U1
61,171
63,358
56,337
70,682
72,997
6k, 85k
66,129
70,99k
72,28k
67,216
71,692
39,771
39,786
kl,k88
37,696
Clearing In
account public
etc.
debt, or
decrease
-10,1*60
,238
269,1*22
-10,930
3,308
1,621*
-1,1.62
3,1*70
1.83
"S587
2,01.7
5,517
258,286
252,292
252,770
257,357
-211*
-2,135
3,883
6,966
1,839
-388
-2,299
2,096
-551
7,357
6,969
679
65,1.08
3,510
J.,017
11*7
-1*01
,271.
-9,1*1*9
U35
-250
67,772
570
-3,117
-k, 180
328
231
66,51*0
69,1.33
1,626
1,596
-191.
-3 ,358
-5,81.2
555
-507
366
-1,623
195
522
-523
183
-59
-560
9k
-1,386
-350
-229
-502
311
255,251
259,151
266,123
271,31.1
27l», 1.18
271., 37".
673
6,000
271,200
271,316
6,000
271,200
271,307
259,11.9
259,1.87
256,900
252,800
257,130
256,708
256,981
362
-18,966
-22,502
7*
107
272,825
270,63k
-2,21*9
-1.05
199
-k,100
!>,331
87
-1*23
1,111
U71
-UU7
3,502
3,097
k,208
I., 679
It, 232
2,711
62
.,295
259,1.19
259,1.61
7,973
7,777
3,582
2,019
6,061.
5,180
267,391
275,168
278,750
280,769
267,1*1*5
603
-635
-117
179
I*,
1*27
276,628
I*,
606
2711,898
276,731
275,002
-3fc
376
267
-l*,li*l
1,092
-1,730
5,51*2
5,902
>,9l8
-2,057
-9U8
1,300
3,181.
11,818
5,995
5,726
5,718
-2,812
-908
-307
-920
U,809
6,188
10,737
6,095
-1,286
1*07
5,71.3
5,58".
1*U6
5,153
.,256
5,282
11,688
5,987
5,9W*
6,279
-1,731
21*7
-662
-325
3,057
5,128
7,225
6,3"»7
-3,290
-802
1,559
3,131
k,827
5,956
6,501
5,806
5,809
-3,370
-979
U,786
6,299
9,501
6,011
5,528
-1,225
771
3,753
338
533
-3kk
5,71*9
-273
257
12U
-2,055
3.U96
6,122
-2,626
-13
617
2,'>33
-105
".,577
".,51.5
252,851.
257,160
256,731
275,2'*'*
278, 78U
280,822
-2,369
2,019
It, 178
6,197
272,61.5
272,719
2,919
275,565
275,61.1!
-1,301*
21*9
6,1*1*5
27"*,26l
27k, 3k6
110
1,022
-1,71a
I*,
21*8
1,731.
1,071*
-389
-1,350
1»,1*27
275,283
277,017
276,628
275,372
277,111
276,731
-1,162
3,265
-131
58I*
3,81*9
163
3,821*
7,673
276,229
276,269
27k, 999
276,335
276,378
275,108
-991
1,226
J. ,707
5,1.09
-65
6,766
6,216
255,222
259,105
266,071
271,260
231*
-209
ll>7
11,670
269,898
258,376
252,366
252,798
257,377
-2 ,221*
3,1.85
5,930
5,667
".,932
272,751
270,527
k,95k
6,218
5,". 12
11*
6,546
5,590
-21*0
815
-9,157
-3,683
-2,771
Total
Federal
securities
1*78
-U95
99
5,2!*1
Debt outstanding
Treasurer's
account
balance
-5,9*
-291.
-1,811
-3,122
-2,512
,
10,71*0
-1,103
1.1,080
account
balance or
decrease ( -
-11,136
75l>
8,1.19
71.
Levels, end of period
Net
Increase In
Treasurer^
253
1,91.2
-21.7
11*9
1,376
567
35".
-3*5
U15
-60U
679
Source: Actual figures through the flecal year 1952 and the calendar
year 1953 are from the dally Treasury statement, and thereafter in
each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1959 Budget document, released
January 13, 1958, Including effects of proposed legislation. More
detailed information with respect to the figures on this page will
be found in succeeding tables.
\J Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
2/ Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 111* (f) of the Economic Cooperation Act of I9U8
(62 Stat. 150), are consolidated with budget expenditures.
\] Consists of transactions of trust and deposit funds, investment by
Government agencies in public debt securities, and redemption or sale
of obligations of Government agencies in the market; excess of receipts, or expenditures (-). For detail of content, see page 6.
k/ For checks outstanding and telegraphic reports from Federal Reserve
151
701*
5,778
-2,11*2
5,532
308
-250
5,81*0
27l.,008
275,23lt
5,590
270,527
-1,115
U23
272,1169
273,81*5
2,1*36
27I*, 1*12
-3,028
558
-259
".,307
271*, O67
k,865
k,606
2714,71.7
3,505
27"i,555
l*,39l>
1,682
6,076
2711,679
272,621.
1*12
6,1*87
275,057
-3"»3
27k, 111
275,337
270,63k
107
109
115
272,575
273,951.
27k, 527
2 7k, 170
2 7k, 850
275,002
2711,898
27k, 656
27k, 782
272,728
9k
275,151
Banks beginning with 19k7; public debt Interest accrued and unpaid
beginning with June and the fiscal year 1955 (previously included
from November 19k9 as interest checks and coupons outstanding);
also deposits In transit and changes in cash held outside the Treasury and In certain other accounts beginning with the fiscal year 195 *.
Net Increase or decrease ( -)
For current month detail, see section on "Statutory Debt Limitation**
In each Issue of the Bulletin. The limitations in effect during the
period covered by this table and the date when each became effective
are as follows: April 3, 19k5, $300 billion; June 26,19k6, $275
billion; August 28, 195k, $28l billion; July 1, 1956, $278 billion;
July 1, 1957, $275 billion; and February 26, 1958, $280 billion
(temporary increass ending June 30, 1959). Guaranteed securities are
included under the limitation beginning April 3, 19k5. Savings bonds
are included at current redemption value beginning June 26, 19k6, and
at maturity value prior to that time. In the debt outstanding, savings
bondB are carried at current redemption value.
Less than $500,000.
1
,
.
..
,
.
.
.
,
Treasury Bulletin
.BUDGET RECEIPTS AND EXPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Income and profits taxes
Employment taxes
Individual
Not
withheld
Withheld
1/
2/1/
1950
1951
1952
18,189
24,218
32,826
33,012
For old-age
and disability ln-
profits
21,351
54, 363
2,105
3,120
3,569
4,086
1954
1955
1956
1957
21,523
18,265
21,299
21,531
10,747
10,396
11,322 2/
12,302
21,635
24,012 2/
26,728
53,906
49,915
56,633
60,560
4,537
5,340
6,337 2/
6,634
1958 (Est.)
20,800
12,600
28,200
61,600
7,763
1959 (Eat.)....
20,815
12,900
1957-July
August
September,
541
355
269
128
2,3*
1,823
1953
October.
November .
December .
.
1958-January.
February
March
April
.
.
10,073
13,535
18,521
429
367
2,277
486
406
6,538
476
21,25''
1,047
3,678
2,163
1,857
4,161
6,290
1,333
1,966
3,880
4,754
3,>>15
981
3,953
2,000
3,519
5,147
9,196
792
4,060
21,1.86
44,830
Total
employ ment jj
tlrement
5V
226
234
259
277
550
578
735
620
1950.
1951.
1952.
1953.
423
624
1954.
1955.
1956.
1957.
562
606
551
613
1,500
11,192
8,963
1,585
11,633
366
1,003
540
1P6
129
955
965
922
625
19
41,311
53,369
67,999
72,649
2,106
3.120
3,569
4,086
2,311 3/
2,559
3,006
2,749
73,173
69,454
78,820
83,675
4,537
5,040
6,337
6,301
87,132
6,900
99
9
I
269
385
1,302
105
680
143
722
8,997
:
9_/
Railroad
Retirement
Account
Ml
Refunds of recelptB
15_/
Highway
Trust
Fund
M
550
575
738
620
2,135
2,082
2,275
3,095
2,160
2,107
2,302
3,118
603
599
634
616
1,479
3,345
3,400
3,653
3,894
3,377
3,426
3,684
3,917
2,120
4,206
4,229
1959 (Est.)....
3,521
89,622
7,100
2,164
4,422
4,44 =
1957^July
August . .
September.
358
3,734
6,475
8,109
308
815
431
174
137
138
219
207
123
124
135
137
206
226
437
3,796
5,845
6,611
298
598
339
264
277
234
5,243
7,756
11,182
277
.
October.
November .
December
.
.
1958-January...
February .
8/
I
363
740
432
Federal Disability Insurance
Trust Fund
12/
FOASI
1.439
1,639
1,814
1,865
1958 (Est.)....
8,725
620
Transfers of tax receipts to
Trust
Fund
ii/
8,303
9,423
9,726
10,825
10,014
9,211
10,004
10,638 10/
5,425
6,220
7,296
7,581
Deductions from budget
Total
budget
Taxes not
otherwise
classified
2/
Excise
taxes
2/
945
936
1,171
1,378
634
616
503
346
919
486
Estate
and gift
taxes 2/
3,931
4,562
4,983
600
63,115
2,125
9,164
28,263
37,753
51,347
For rail-
183
203
165
151
190
150
118
74
58
-26 16/
233
6,039
1958 to date
670
2,556
64,791
5,097
641
Source: Actual figures through 1952 are from the dally Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases
see pa^e II); estimates are from the 1959 Budget document, released
January 13, 1958, Including effects of proposed legislation.
l/ For further detail, see tables under "Internal Revenue Collections."
Breakdown
was not made In the daily Treasury statement and the
2/
monthly statement for years prior to 1954.
1/ Beginning January 1951, the distribution of receipts between Individual income taxes and old-age and disability insurance taxes is
made In accordance with provisions of Sec. 201 of the Social
Security Act, as amended (42 U.S.C. 401), for transfer to the
Federal Old -Age and Survivors Insurance Trust Fund (see footnote 11),
ind after December 1956 also for transfer to the Federal Disability
46a
1,787
3,381
If
3,397
Insurance Trust Fund (see footnote 12).
4/ Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), end, beginning with the
taxable year 1951, tax on self-employed .ndlvlduals under the SelfEmployment Contributions Act, as amended (26 U.S.C. 1401-1403). The
Social Security Act Amendments of 1956, approved August 1, 1956, increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to provide for disability insurii.ce (see footnote 12).
Taxes
on carriers and their employees under the Railroad Retirement
5_/
Tax act, as amended (26 U.S.C. 3201-3233).
6/ Tax on employers of 4 or more under the Federal Unemployment Tax Act,
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January 1, 1956, the tax was inposed on employers of 8 or more.
Remaining footnotes on page 5.
/
. .
.
..
.'uric
I'hn
BUDGET RECEIPTS AMD EXPENDITURES
,
Table 2.- Expenditures by Agencies
(In millions of dollars)
Office
of the
President
7U,27lt
1953.
195k.
1955.
1956.
1957.
General
Funds
appropriated
Services
Admlnls-
Agrlculture
Department
President
5,782
5,282
U,38l
6,905
6.U73 1/
6lt,570
66.5UO
I»,<t73
2,915
•,636
5,177
5,006
67,772
385
-615
129 2/
'.1
'
.
1,115
6,982 2/
7,707 U/
1958 (Est.).
72,788 6/
11,151*
8.UUU
5,327
1959 (Est.).
73,93ii 1/
t,170
8,272
li,98l
5,930
5,667
uoo
272
311
587
667
October.
November .
December.
6,501
5,806
5,809
299
1958-January
February.
March.
6,011
5,528
5,7U9
UU8
272
U62
69, >33 37
1
1957-July
August.
September
.
.
.
.
.
.
1958 to date
j»/
6,31*7
.
••3
681
233
8/
33
US
lit
257
3511
6,898 10/
3,1.30 10/
Treaaury Department
Justice
De partWelfare
Department
1953.
•3,611
1951i.
1*0,336
1955.
1956.
1957.
35,532
35,791
5I18
38,li39
639
813
605
573
1,920
1,981
1,993
2,071
2,295
515
512 57
Labor
Department
Post
Office
Department 11/
Columbia
271
6,50li
798
156
136
873
U63
6,382
6,370
6,787
518
7,2lili
368 1/
879
7U8
780
300
355
39U
356
1*12
Ul8
38,861
2,7115
6U7
223
U63
228
7,800
39,779
2,8511
663
228
1»52
228
7,800
October.
November
December.
3,216
3,063
3,313
6I1I
1958-January
February.
March
3,11*3
693
606
1958 to date
89 Hi/
636
67I1
3,168
3,068
31,9".3
55 8/
659
628
630
i.9
3,200
3,532
3,036
.
137
public
debt 12/
1957^1 uly
August
September
.
7
U70
263
700
670
673
Defense Department
.
652
573
59, •70 97
.
1,063
1,000
1,077
1,293
562 37 57
616
2,238
550
1B3
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II); estimates are from the 1959 Budget document, released
January 13, 1958, Including effects of proposed legislation.
Note:
Figures In this table are for agencies as constituted at the time
the expenditures were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 3.
l/ Reconstruction Finance Corporation 1b included under "Independent
offices" through 195U and under "Treasury Department" beginning 1955,
except functions transferred to Export-Import Bank, Federal National
Mortgage Association, General ServlceB Administration, and Small
Business Administration. The corporation was abolished at the close
of June 30, 1957, by Reorganization Plan No. 1 of 1957, and ltB
remaining functions were transferred to the Housing and Home Finance
Administrator, Administrator of General Services, Administrator of
Small Business Administration, and Secretary of the Treasury.
2/ Federal Home Loan Bank Board is Included under "Housing and Home
Finance Agency" through 1955, and under "Independent offices"
thereafter
37 Beginning 1957, Federal aid for highways Is excluded from budget
expenditures and Included In trust account expenditures (see
Table 1).
kj Effective January 1, 1957, the production credit corporations were
merged In the Federal intermediate credit banks, pursuant to the
Farm Credit Act of 1956, approved July 26, 1956 (12 U.S.C. 1027),
and operations of the merged agencies (as mixed-ownership corpora-
mh
"2j
6/
j7
8/
,
2/
10/
11/
12/
13/
1U
*
U90
19*
6,397
59
605
2U
tlons) were classified as trust enterprise funds (see "Trust Account
and Other transactions," Table 3): previously the operations of the
banks and the corporations, respectively, were classified as public
enterprise funds and were Included net in budget expenditures.
Alaska road construction Is included under Interior Department
through 1956 and under Commerce Department beginning 1957.
Total Includes allowance for contingencies amounting to $200 million.
Total Includes allowance for proposed legislation and contingencies
amounting to $1,139 million.
Effective July 1, 1957, remaining functions of the Federal Facilities
Corporation were transferred to General Services Administration from
the Treasury Department, by Executive Order 10720 of July 11, 1957.
Monthly totals for current fiscal year Include unclassified expenditure transfers until these have been distributed In final figures.
Figures for the fiscal year reflect the reclassification of the
Informational Media Guarantee Fund from "Funds appropriated to the
President" to "Independent offices"; the monthly figures prior to
April 1958 have not been revised accordingly, and therefore will
not add to the cumulative total shown.
Beginning 1955, consists of net expenditures of the Postal Fund,
reflecting the change in classification of Post Office transactions
to a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
Includes adjustment of receipts of approximately $33 million
applicable to the prior accounting period.
Less than $500,000.
.
•
lreasury Bulletin
.BUDGET KECEIPTS AND EXPENDITURES.
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date
(In millions of dollars)
tlonal security;
Direction and coordination of defense
Air Force defense
Army de f ense
Naval defense
Other central defense activities
Development and control of atomic energy...
Stockpiling and defense production expanslo
Mutual defense assistance:
Military assistance
Defense support l/
Total major national security
051
052
053
054
055
056
057
15
15,085
16,242
11,875
394
1,791
1,008
3,95k
1,1.67
15,668
12,910
11,293
452
1,895
1,045
3,629
967
13
16,1.07
8,702
1.81
582
1,651
9,7'*'.
1,857
944
2,292
2,6ll
1,463
1.7,872
International affairs and finance:
Conduct of foreign affairs
Economic and technical development l/ 2/..
Foreign information and exchange actlvltle
11.
16,71.9
8,899
9,733
1,181.
1.1,825
150
130
1.93
5>>3
1.98
106
91
100
Total International affairs and finance...
vices and benefits
Veterans' education and training ^/
Other veterans' readjustment benefits 4/
Veterans' compensation and pensions
Veterans' insurance and servicemen's Indemnifies
Veterans' hospitals and medical care
Other veterans' services and administration
Total veterans' Bervlcee and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education %/
Promotion of science, research, llbrarle
Correctional and penal institutions
Other welfare services and administrate
•
•
•
development of land and water..,.
development of forest resources..
development of mineral resources.
development of fish and wildlife.
of natural resources
surveys and administration
I.
123
,256
211
212
213
1,332
318
2 lit
290
215
216
217
27
273
33
26
144
ll> 7
2,1.26
2,1.85
2,125
1,689
256
351
352
28l
3".
277
1,439
290
328
1*75
1,1.28
1,1.57
275
324
351
279
56
31
126
53
28
2,776
150
3,508
236
204
286
177
2,936
2,557
4,4n
401
1,231*
02
03
107
38
1,056
117
404
405
409
30
34
35".
355
It
It
Total natural
Commerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation
Postal service
Community development and facilities 10/ 11/
Public housing programs 12/
Other aids to housing lo7~13/
Other aids to business 14/15/
Regulation of commerce and finance
Civil defense
Disaster Insurance, loans, and relief 16/
767
2,798
4,298
Total agriculture and agricultural resources
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
546
158
2,1.82
100
782
Total labor and welfare
Agriculture and agricultural
Stabilisation of farm prices and farm Income 6/.
Financing farm ownership and operation 2/ 7_/
Financing rural electrification and telephones..
Conservation and development 2J
Research, and other agricultural services 2/....
659
138
2,1.20
109
239
317
H.5
217
244
Total general government
Footnotes
end of table
t
>,913
803
3"t
1,1.76
511
512
513
51".
515
516
517
518
519
520
521
".55
572
239
659
1*5
29
370
586
275
312
37
31*9
1.5
647
253
356
56
-115
270
-uou
38
60
1.2
-1.01
1.13
-142
-111
137
-330
1*20
783
251
1*63
12
Total commerce and houe lng
General government:
Legislative functions
Judicial functions
Executive direction and management
Federal f inane lal management
General property and records management
Central personnel management and employment costs
Civilian weather services
Protective services and alien control
Territories and possessions, and District of Columbia.
Other general government
3,946
231
217
305
215
2,028
601
602
603
604
605
606
607
608
609
610
1.1.2
1.31
185
387
16k
115
334
3".
188
69
238
1,1.71.
1,239
(Continued on following page)
Jane
>5H
(
t
.BUDGET RECEIPTS AND EXPENDITURES.
Table 3.- Expenditures by Functions, Fiscal Years 1953 to Date - (Continued)
(in millions of dollars)
Treasury Bulletin
.trust accoimt and other trabsactiobs.
Table 1.- Summary of Trust Account and Other Transactions
(in millions of dollars)
-
Jtuw
l
(
)5H
-TRUST ACCOUWT AHD OTHER TRANSACTIONS
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollars; negative figures are excess of credits)
Truat accounts, and trust enterprise funds (net)
Total
truat
accounts,
etc.
Federal Old -Age
and Survivors
Insurance Trust
Trust Fund
Fxnd
Railroad
Retirement
Account
Government
.
Treasury Bulletin
.
THUST ACCOUNT AND OTHEK TKANSACTIONS
Table 4.- Net Investment by Government Agencies In Public Debt Securities
(In millions of dollars; negative figures are excess of sales)
..
Juno /95<S
TRUST ACCOUNT AMD OTHER TRANSACTIONS.
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Total
guaranteed
1950
1951
1952
1953
195U
..
-3a
1955
1956
1957
1958 (Eat.)...
1959 (Est.)...
1957-July
August . .
Se ptember
October..
November
December
1958 -January .
February
March
April....
Commodity
Credit
Corporatlo
Federal
Farm
Mortgage
Corporation
Federal
Bousing
Adml n 1 strat 1 on
Home
Owners*
Loan
Corporation
10
Treasury Bulletin
.CASH INCOME AHD OUTGO.
The cash income and outgo data appearing In the
"Treasury Bulletin," beginning with the February 1956
Issue, are on a basis consistent with receipts froo and
payments to the public as derived in the 1957 and sub-
representing cash received from the public. Federal cash
borrowing from the public Includes net borrowing by the
Treasury through public debt transactions and also net
borrowing by Government agencies and Government-sponsored
sequent Budgets of the United States, Special Analysis A.
enterprises
Reconciliation to cash deposits and withdrawals in the
It excludes changes in the public debt which do not rep-
account of the Treasurer of the United States is shown on
the same basis as in the Budget documents.
There is also
resent direct cash borrowing from the public. The net
effect of all these transactions with the public Is
reflected in changes In the balance in the Treasurer's
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public. By these arrangements, data in
accordance with the Budget classifications are made avail-
able month by month.
Figures for back years have been
revised where necessary in order to make them as nearly
comparable with the Budget classifications as available
data will permit. For this reason certain of the figures
differ somewhat from those published in earlier Budget
documents as well as in the Bulletin.
through
sales of their own securities.
account and In cash held outside the Treasury.
Cash transactions through the Treasurer's account are
in general concept to those Included In the Budget
6iir.ilar
series,
but are limited in coverage to transactions which
affect the balance In that account. On the other hand,
they Include receipts from the exercise of monetary
authority, which are excluded from receipts from the public
in the Budget Berles.
The Budget series of cash transactions is designed
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
includes transactions not cleared through the Treasurer's
Beginning with figures for the fiscal year 1953, the
series of transactions with the public is based on the
"Monthly Statement of Receipts and Expenditures of the
account.
Operations of Government-sponsored enterprises are included
inpayments on a net basis as reflected In Treasury reports.
United States Government," which is compiled from reports
by all collecting and disbursing officers and includes
those transactions not cleared through the Treasurer's
account. Cash deposits and withdrawals In the Treasurer's
Major intragovernmental transactions which are reported as
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
account, beginning with the figures for the same year, are
reported in dally Treasury statements. For those years
prior to 1953 both cash transactions series are based on a
Government to make payments in the future are also eliminated
from expenditures but are added later when actual payments
are made. Receipts from the exercise of monetary authority
single source, namely, the earlier basis of dally Treasury
Receipts and payments include transactions both
in budget accounts and in trust and deposit fund accounts.
(mostly seigniorage on silver)
are
excluded
as
not
statements which reported separate classifications for
trust account transactions, etc.
budget results,
.
.
June
W<S
.
Table
CASH INCOME AND OUTGO
.
Summary of Federal Government Cash Transactions with the Public
1.
(In millions of dollars)
Net cash transactions with the public
other than borrowing
Federal receipts from
the public
1950
1951
Plus: Net cash
borrowing from
the public, or
repayment (-)
Federal payments to the
public
40,940
53,390
68,013
71,499
U3,l>»7
"15,797
-2,207
7,593
1952
1953
67,96k
1*9
"73
-5,27''
195**
71.&7
71,860
-232
1955
1956
1957
67,836
77,088
82,107
70,538
72,617
80,008
-2,702
1958 (Bet.).
1959 (Est.).
85,113
87,286
84,938
86,662
7'
4,471
2,099
5,374
7,759
-388
-2,299
2,096
1,809
J., 366
-3,100
-551
331
-956
7,501
6,219
7,119
-3,605
-144
-686
500
665
383
-3,028
558
-259
6,377
6,740
6,509
-1,003
1,020
-36
-107
3,976
-2, ilk
1,682
187
2,686
U 12
9k
3,896
6,075
10, It 85
2,047
1,839
It ,229
-5,796
-505
2,919
2,512
2,373
776
1,014
October
November
December.
.
Cash held outside
Treasury, increase
or decrease ( -)
-399
1,311
-3 ,359
(torch
balance, Increase,
or decrease ( -)
410
7,160
7,185
6,75^
1958-JanuarT
February
Change in cash balances
-1,115
3,801
6,786
8,066
6>33
Equals:
Treasurer's account
196
-679
1957-juij
August . .
September
.
Plus: Receipts from
6,814
-5,076
Source: Actual figures through 1952 are based on the daily Treasury
statement and thereafter they are based In part also on the monthly
statement of receipts and expenditures of the Government (for ex-
1*23
2,1*36
131
-40
-106
6,140
planation of reporting bee s, see page II); estimates are based on
the 1959 Budget document,
eleased Jsnuary 13, 1958, including effects
of proposed legislation.
Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Treasury Bulletin
CASH INCOME AND OUTGO
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits in the Account of the Treasurer of the United States
(In millions of dollars)
June
m.S
13
.
Table 5.
CASH INCOME AND OUTGO
.
Intragovernmental Transact lone Excluded from Both Receipts and Payments
(In millions of dollara)
.
-
)
Treasury Bulletin
CASH INCOME AND OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borrowing (-); in millions of dollars)
Change in public debt and agency obligations held by the public
Public debt
Increase , or
decrease ( -
1950
1951
1952
1953
Plus: Net sale of obligations
of Government enterprises in
the market
Public and
trust enterprise funds
Government
sponsored
enterprises
195>>
1955
1956
1957
3,115
-1,623
-2,22U
1958 (Est.)...
1959 (Est.)...
1957->July
August. . .
September
October.
November
December.
Public
enterprls
funds
269
872
1,236
2,516 2/
2,262
Governmentsponsored
enterprises
1*1*6
126
101
36
Equals:
Increase In
securities
held by the
public or
decrease (-)
,
U,870
-5,308
175
3.6UO
69
8U
179
153
3,369
3,355
3,068
1,686 1/
673
1/
3,130
171
5U9
-3,71*3
1.1
-3,392
2,1*51*
316
1,5"*6
-1.2
1*50
907
-1*82
-319
685
-298
2,373
816
1,9U2
1,376
567
91.5
-3*5
1*67
679
151
652
1958-January
February.
March ....
-2,055
April....
2,"t33
.
Trust funds
402
^,587
-2,135
3,883
6,966
5,189
Net Investment in Federal
curltles by Government agencies
sb:
-3U3
12k
186
225
1>2U
-1.8
-19
-121
-2 111
-559
163
-118
-18
13*
78
2,56l
195H
L5
.CASH INCOME AND OUTGO.
Footnotes to Table 3
l/
2/
}J
For further detail, see "Budget Receipts and Expenditures," Table 1.
For further detail, see "Trust Account and Other Transactions," Table 2.
Treated ae noncash refund deductions from receipts when issued and
as cash refund deductions when redeemed.
l/
For further detail, see "Budget Receipts and Expenditures," Table 2.
For further detail, see "Trust Account and Other Transactions," Tables 3,
U, and 5.
Includes net change in balances In Government -sponsored
enterprise deposit fund accounts with the Treasurer of the United States.
Hot operating expenditures, or receipts (-}, as measured by funds provided
by or applied to net security transactions reflected in Treasury reports
(see Table 7). To a large extent, these Government-sponsored enterprises
secure funds for their operations by direct borrowing from the public or
by cashing Federal securities which they hold, and they apply the
net income received from operations to repayment of borrowing from the
public or to Investment in Federal securities. On that basis, net
Consists of seigniorage on silver and Increment resulting from reduction In the weight of the gold dollar; excluded from receipts from
the public but Included in cash deposits in the Treasurer's account.
Less than $500,000.
Footnotes to Table 4
2/
l/
kj
5_/
6/
J_/
expenditures for operations are shown in this tsble In terms of the
combined net of disinvestment in Federal securities and ssle of agency
obligations in the market, and net receipts from operations are shown
In terms of the combined net of investment in Federal securities and
redemption of agency obligations in the market.
Not reported prior to 195 *.
Consists of only those market transactions not cleared through the
Treasurer's sccount.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,61*3,070 (par value).
1
Footnotes to Table 5
by trust funds and Government-sponsored enterprises. Beginning
with fiscal year 1958 excludes deductions from salaries of District
of Columbia employees (see footnote 6).
Consists of payments to employees* retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad Retirement Account (for creditable military
service), the Unemployment Trust Fund, veterans* life insurance funds,
Judicial Survivora Annuity Fund, trust fund for technical services
and other aselstsnce under the agricultural conservation program, and
District of Columbia; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Services retirement fund for Its share of contributions, and beginning with 195©
also deductions from its payroll; payment by Railroad Retirement Board
to Federal Old-Age and Survivors Insurance Trust Fund; tranefere
from Civil Service retirement fund to Foreign Service retirement fund
except 1958 actual expenditures; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund through
1955.
Lass than $500,000.
Federal Intermediate credit bank franchise tax through December 1956
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insurance Trust Fund for sdministratlve expenses and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former and 1959 for the latter; reimbursement
by Highway Trust Fund for refunds of taxes; reimbursement by the
District of Columbia; payment of dividends, interest, etc., by
Federal National Mortgage Association's secondary market operations;
and Federal intermediate credit bank franchise tax and repayment of
capital stock to the Treaaury after December 1956 and before
January 1959Consists of payment of earnings and repayment of capital stock to
the Treasury through 1952; «d payme»t of franchise tax by bamks
for cooperatives beginning 1955, and by Federal Intermediate
credit banks beginning January 1959*
Includes relatively small amounts of deductions from salaries paid
Footnotes to Table 6
l/
2/
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed,
Public debt interest due and accrued beginning June 30, 1955, effective
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 195^, consists only of public debt
Interest checks and coupons outstanding; net Increase, or decrease
(-). Not reported as a separate clearing account prior to 195 *Treated as noncash expenditures at the time of issuance of the
securities and as cash expenditures at the time of their redemption;
net Issuance, or redemption (-).
Issued in 1936 In exchange for adjusted service certificates held by
veterans of World War I. The bonds matared. In 19^5.
Issued In 19^7 in payment for accumulated leave. The last of these
bonds matured in 1951*
1
2/
kj
5_/
6/
7_/
8/
*
Part of the United States subscription to the capital of the International Bank for Reconstruction and Development and to the International Monetary Fund was paid in the form of nonlnterest-bearlng
nonnagotlable notes payable on demand (see 19^7 Annual Report of
the Secretary of the Treasury, pages U8, 350, and 385). The last
of the notes Issued to the Bank was redeemed In 1950.
By wholly owned Government enterprises; beginning 1951, such net
investments are reported separately and are not Included In expenditures (see "Trust Account and Other Transactions," Table 1*).
Checks outstanding less deposits In transit, and changes in other
accounts; net Increase, or decrease (-).
Prior to 195b Includes
also public debt interest due and unpaid (see footnote 2).
Less than $500,000.
Footnotes to Table 7
In this table, beginning 195 *, In accordance with treatment In Budget
documents, net investment In United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public. In Table k
under "Trust Account and Other Transactions," these amounts are included In trust and deposit fund account Investment.
Does not include Investments representing acquired securities amounting
to $1,61*3,070 (par value) and donation of eecurltiee amounting to
$1*5,800 (par value).
Accrued discount on savings bonds and bills, which Is included In the
1
±f
}
5_/
6/
jj
*
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
Treated as noncash transactions at the time of Issuance and as cash
transactions at the time of redemption; net Issuance, or redemption
Excluded from borrowing because the transactions are treated aa expenditures in Table 6.
Excluded from borrowing because the transactions are treated ae deductions from receipts in Table 3Market transactions In public debt securities and agency obligations.
Less than $500,000.
Treasury Bulletin
16
,
ACCOUlfT OF
THE TREASURER OF THE UNITED STATES
.
Source and Availability of the Balance in the Treasurer's Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transactions.
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
branches.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
their own account as well as for the account of their
customers.
As the balanoee In these accounts become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
to leave funds In banks and in the communities In which
they arise until such time as the Treasury needs the funds
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
for Its operations.
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy.
pleted,
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
of the Treasury for 1955, pages 275-2S4.
Table 1.- Status of the Account of the Treasurer of the United States
(in millions of dollars)
tune
mn
17
ACCOUltT OF
Table 2.
THE TREASURER OF THE UNITED STATES
Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
..,
,
IS
Treasury Bulletin
.DEBT OUTSTANDING.
Table
1.-
Summary of Federal Securities
(In millions of dollars)
Matured debt and debt bearing
Public debt
Guaranteed
aecurltlea 2/
Total 1/
1950
1951
1952
1953
257,377
255,251
259,151
266,123
257,357
255,222
259,105
266,071
195>»
271, 3>>1
271,260
1955
1956
1957
27"»,l*l8
27<*,37>*
272,825
270,6311
272,751
270,527
1956 -December.
276,731
276,628
1957^uly
,
268,990
271,785
269,956
268,592
268,910
269,883
268 .1*86
271,71*1
272,508
273,235
272,977
272,li06
27*1,898
272,877
273,061
271,051
272,777
272,959
270, 9U8
273,5'*0
271>,527
October .
November
December.
27U.170
27U,o67
27't,850
27"»,7l»7
275,002
.,
2714,656
.
2714,782
.
2,150
2,372
270,595
272,018
272,688
273, 8U5
27U.U12
March
272,728
27*1,555
27*1,679
272,621*
April
275,151
275,057
109
115
V
255,209
252,852
256,863
263, 9U6
27*1,322
272,1*69
273,95''
Total
255,226
252,879
256,907
263 ,997
270,700
272,126
272,802
272,575
.
ao
ties 2/
27U.219
August. . .
September.
1958 -January.
February
Interest-bearing debt
Total outstanding
End of
fiscal
year or
month
2,21.2
1,271*
2,125
1,302
2,351
2,350
2,633
1,1*11
502
1,567
1*77
1*60
2,869
2,0U2
273,132
272,871*
Source: Daily Treasury statement.
l/ Includes certain obligations not subject to statutory limitation.
For amount3 subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
2/ Consists of Federal Housing Administration debentures beginning
March 1953.
U/ Special notes of the United States Issued to the International
2,370
2,126
73
111.
Other
57
2,21*1*
2,631*
106
108
2,11.8
TTV,
Fund hj
1,270
1,283
**3
10
Matured
666
529
1,71*2
U38
1,068
2,1*09
2,1*08
1,875
1,828
1,725
1,871.
1.72
1,828
1*79
1,721.
**57
960
910
829
1,662
1,616
2,025
1,661
1,615
1.1.5
780
1.36
1*25
75*.
1*36
2,021.
81.1
71*6
1*37
609
733
562
576
725
1,677
1,777
1,720
1,676
1,611
1,610
511.
1,778
1,721
ties 2/
(matured)
613
575
550
525
1*51
U.U2
1*39
"*35
1*33
1*32
1.31
Monetary Fund in payment of part of the United States eubscriptio
pursuant to provisions of the Bretton Woods Agreements Act, The
notes bear no interest, are nonnegotiable, and are payable on
demand.
Includes savings stamps, excess profits tax refund bonds, and
currency items. For current month detail, see "Statutory Debt
Limitation," Table 2.
Table 2.- Interest-Bearing Public Debt
(In millions of dollars)
June 1958
19
.DEBT OUTSTANDING.
Table 3.
Special Issues to United States Government Investment Accounts
(In millions of dollars)
Federal
Deposit
Insurance
Corpora
Federal
Federal
Disability
home
Insurance
loan
Trust
Fund
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
1950
1951
1952
1953
32,356
10,1*18
3 1* ,653
1951*
1*2,229
12,096
1U.0U7
15,532
17.05U
1955
1956
1957
1*3,250
1956 -December.
1*5,639
1957^July
August
September
1*6,323
1*6,709
1*6,221
718
670
650
October..
November
December.
1.6,068
1*5,986
1*5,799
6U6
637
6U0
511
1958-January .
February.
March. .
1*5,1*70
710
716
701
617
677
37,739
l»0,538
1*5,111*
1.6,827
.
April
1*5,959
1*5,810
1.5,1*1*3
835
673
718
360
1*1*7
1*61
51*1
580
71*7
807
50
200
200
Federal
Savings
Government Government H lghvay
and Loan employees 1 Life
Trust
Insurance retirement Insurance
Fund
Corpora
Fund
funds
tion
3,817
l»,391
:
Postal Railroad
Savings BetireLife
System tnent
Insurance
Account
1/
Fund
5,31*2
5,1*36
1,802
706
552
Unemploy
Trust
Fund
2,1*11*
6,616
7,266
8,287
5,21*9
1*52
2,863
3,128
1,231*
5,272
213
3,31*5
8,021.
1,233
1,217
1,200
5,31*6
91
7,39"*
19,221*
7,215
1,191
19,108
19,255
18,902
7,322
7,280
7,288
1,186
1,182
1,177
18,780
18,599
18,519
7,318
7,295
1,173
1,169
581
575
7,311*
1,161*
587
18,203
18,272
18,260
7,367
1,161
1,156
1,152
6lU
7,1*83
18,260
7,502
1,119
79
5,011*
61
5,602
5,85k
8U
18,239
9*>
19,1*67
19,1*63
103
103
Dally Treasury statement.
Source
1/ Includes Canal Zone Postal Savings System.
Consists of: Farm Tenant Mortgage Insurance Fund (through March 1956),
2/
1,292
1,300
1,300
1,299
National
Service
6,168
6,667
7,1*29
5,191
1*07
510
7,71.5
3,1*86
7,1.79
5A81
3,600
5,570
3,1*75
7,737
7,996
5,1*1*5
3,510
8,096
5,566
5,562
5,552
3,1*06
7,980
3,362
3,307
8,231*
5,550
3,21.0
3,21.5
8,031
8,135
8,038
5, 51*6
5,51*0
3,209
8,127
715
5,531.
3,322
3,509
fllU
5,531
3,1*86
7,578
7,188
5,522
3,1*51
6,829
5,538
7,72"*
Adjusted Service Certificate Fund (through December 1956),
various housing Insurance funds, and Veterans' Special
Term Insurance Fund.
Less than $500,000.
Table 4.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts In millions)
Treasury Bulletin
.DEBT OOTSTAHDIKJ.
Table 5.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies U
(In millions of dollars)
Commodity
Credit
Corporation
1950
1951
1952
1953
8,1.23
9,027
9,561.
12,125
12,869
195"*
16,175
3,193
2,555
1,970
3,612
U, 180
Import
Bank of
Washlngto
U
federal
National
Mortgage
Assoc lation \J
Housing
and Home
Finance
Administrator kj
96U
1,01.0
1,51*9
1,088
1,227
2,038
2,1*6
2,233
1,31*7
Internat lonal
Coope ratloi
Admlnistra
tion £/
Public
Housing
Administration
Recon-
struction
Finance
Corpora
tion 6/
96U
3U9
1,1*56
1*89
102
1,097
1,150
1,189
1,203
655
655
215
27U
197
159
15k
130
165
282
1,209
1,213
1,198
67
Rural
Electrification
Administration
Secretary of
Agriculture
i/
1,281
1,527
1,731
1,933
2,091
78
117
172
178
270
367
2,207
162
1*91
1,002
2,31*3
151
265
58U
733
1,11*1.
219
634
285
733
733
733
Tennessee
Valley
Authority
Veterans'
direct
loan
program
107
Under
Defense
Other
Production 9_/
Act of
1950 8/
'
158
395
U16
773
22,731
7,608
11,190
13,383
1,310
1,239
1,205
1,7m
1956-Dec,
21,027
11,61.0
1,227
2,163
1957-July.
21,039
21,173
21,579
11,1.68
11,568
11,837
1,201
1,201
1,201
1,796
1,781
l,8Ul
309
309
33k
1,198
1,197
1,197
2,59k
21,561
21,932
22,011
335
350
383
1,196
1,196
1,192
2,669
2,669
2,625
335
335
256
1,1.22
Dec.
1958 -J an..
22,01.6
387
Feb..
2,700
2,700
2,700
291*
Mar..
1,191
1,191
1,190
1,530
1,568
106
733
1,61.3
106
Apr..
783
1,677
1955
1956
1957
20,01.9
,
Aug..
Sept.
Oct..
Not..
1,966
1,95k
12,166
1,1*60
1,090
12,UI»0
1,1»9U
l,ll»2
12,786
1,508
959
22,182
22,510
12,767
12,866
13,085
1,506
1,537
l,5"t8
791
718
70U
20,671.
10,97k
1,500
839
2,519
1,20U
kill
1»22
2,591*
2,591*
1,190
Source: Dally Treasury statement.
1/ The securities shown In this table were Issued to the Treasury to
finance Government corporations and other agencies with the Treasury
itself raising the necessary funds through public debt operations.
To avoid duplication, these securities are not Included In the
guaranteed debt outstanding as shown In preceding tables.
2/ Excludes securities Issued under Defense Production Act.
From September 1950 through July 195U, consists of notes of the
3_/
Housing and Home Finance Administrator, Issued to borrow for the
Association. Beginning August 1951*, consists of liabilities taken
over by the Association from the Administrator In accordance with the
act approved August 2, 1951* and notes Issued by the Association
under authority of that act (12 U.S.C. 1720, 1723 (d)); and beginning
September 195U, also securities transferred from the Reconstruction
Finance Corporation (see footnote 6). Prior to September 1950, the
Association was f ina nced from funds of the Reconstruction Finance
Corporation, which owned the capital stock.
Consists of notes Issued to borrow for the urban renewal program
j*/
(formerly slum clearance program); the prefabricated housing loans
program from September 1950, when it was transferred from the Reconstruction Finance Corporation, through November 1954; college housing
loans beginning July 1951; and public facility loans beginning
January 1956. Notes Issued to borrow for the Federal National Mortgage Association from September 1950 through July I95U are shown
under the Association.
%/ Established In the Department of State by Executive Order No. 10610,
dated May 9, 1955, and effective at the close of business June 30,
1955, as successor to the Foreign Operations Administration. Data
for earlier periods are for predecessor agencies. Beginning
September 1956, figures exclude notes previously Issued by the Administrator in connection with Informational media guaranties. The
obligation of these notes was assumed by the Director of the United
,
61
38
1,298
1,321*
1,372
1,1*20
1,1.19
29U
329
1,291*
103
States Information Agency, pursuant to the act approved July 18, 1956
(22 U.S.C. 1W.2), and the notes together with others issued for the
same purpose are Included In "Other."
6/ Excludes securities Issued under Defense Production Act of 1950; Includes securities Issued under Federal Civil Defense Act of 1950
through November 1953, after which they were taken over by the
Secretary of the Treasury, pursuant to the act approved July 30, 1953
(15 U.S.C. 609), and are Included under "Other." See alBO footnote 3.
During September 1951*, under Reorganization Plan No. 2 of I95I*, the remaining securities issued by the Corporation to the Treasury were transferred as follows: $1*2 million to Export-Import Bank of Washington,
$92 million to Federal National Mortgage Association, and $11* million
to Small Business Administration.
7/ For Farmers' Home Administration program.
0/ Consists of notes of the Administrator, General Services Administration,
beginning January 1951 (Administrator, Defense Materials Procurement
Agency, January 1952 through July 1953) for defense materials procurement; Reconstruction Finance Corporation, January 1951 through September
1953 (after which its activities under this act were transferred to the
Seoretary of the Treasury), and the Secretary of the Treasury beginning
October 1953; the Secretary of the Interior (Defense Minerals Exploration Administration) beginning June 1951; the Export-Import Bank of
Washington beginning April 1952; and the Secretary of Agriculture
beginning June 195I*.
Consists
of notes Issued by Secretary of the Army (Natural Fibers
2/
Revolving Fund), 1950-51; Secretary of the Treasury beginning December
1953 (see footnote 6); Small Business Administration beginning
September 1951* and for Informational media guaranties by the United
States Information Agency beginning September 1956 (see footnote 5);
also revenue bonds Issued by Saint Lawrence Seaway Development Corporation, beginning November 195I*.
;
June
WH
STATUTORY DEBT LIMITATION
The Second Liberty Bond Act, ae amended
(
31 U.3.C.
757 b), 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
by acts approved August 28, 195 *, and June 30, 1955;
by $3 billion beginning on July 1, 1956, and ending on
June 30, 1957, by an act approved July 9, 1956; and by
$5 billion beginning on February 26, 1958, and ending on
1
except that this amount was Increased by $6 billion be-
June 30, 1959, by an act approved February
Obligations Issued on a discount basis, and
redemption prior to maturity at the option of
are Included In the statutory debt limitation
ginning on August 28, 195^. an d ending on June 30, 1956,
redemption values.
the United States (except guaranteed obligations held by
the Seoretary of the Treasury),
shall not exceed In the
aggregate 5275 billion outstanding at any one time,
Table 1.- Status under Limitation,
26,
1958.
subject to
the owner,
at current
April 30, 1958
(In mllllonB of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 26, 19A6 (31 U.S.C. 757 b),«e lnoreased temporarily by the act of February 26, 1958
2 g0 qqq
Amount of securities outstanding subject to such, statutory debt limitation:
U. S.
Government securities Issued under the Second Liberty Bond Act, as amended
27U 62U
f
Guaranteed securities (excluding those held by the Treasury)
27^,718
Total amount of securities outstanding subject to statutory debt limitation
5 ,28?
Balance Issuable under limitation
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding April 30, 1958
(in millions of dollars)
Subject to
statutory debt
limitation
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of Indebtedness.
Treasury notes
Treasury bonds
Panama Canal bonds
22,Ul5
31,122
2U,732
87,655
50
Total marketable
isrke table:
U. S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds, Investment series
52, 16U
156
9,710
Total nonmarketable
Special issues to Government agencies and trust funds.
1*5, W*3
Total Interest-bearing securities
Matured securities on which Interest has ceased
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series..
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes.
Other debt bearing no Interest
Total debt bearing no Interest.
Total public debt
Guaranteed securities:
665
726
27U,62U
l/
Total guaranteed securities
Total public debt and guaranteed securities
Not subject to
statutory debt
limitation
271^718
lreasury nulletin
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding April 30, 1958
195 H
?3
.DEBT OPERATIONS.
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Issued by the United States Government
and Outstanding April 30, 1958 - (Continued)
.
)
Treasury Bulletin
24
.
DEBT OPERATIOHS
Table 2.- Offerings of Treasury Bills
(
Dollar amounte In millions
25
.DEBT OPERATIONS.
Table
3.
Summary of New Money Financing through Treasury Bills
(Dollar amounte Id millions)
Description of Issue
Maturity
date
Treasury Bulletin
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Amount of
subscriptions
tendered
Description of security
Cash 1/
Amount lBsued
?or
cash 1/
In exchange
for other
securities 2/
(Tn millions of dollars)
2/15/53
2/15/53
*/l/53
2-1 A* Certificate
2-1/2* Bond
1-1/211 Hote
5/1/53
6/1/53
3-1/** Bond
2-5/8* Certificate
-
6/15/78-83
6/l/5*-B
-
2/15/5*-*
12/15/58 1/
*/l/58-EA
8,11*
620
1 7»
5 IT
5 yr
383
30 yr
1 yr
25 yr
li
5,250
*18 5/
*,858
8,687
7/15/53
2-1/2* Certificate
-
3/22/5* -C
8/15/53
2-5/8* Certificate
-
8/l5/5*-D
9/15/53
9/15/53
10/1/53
2-5/8* Certificate
2-7/8* Hot*
1-1/2* Bote
-
9/l5/5*-K
3/15/57-A
IO/1/58-IO
yr
3 yr
5 yr
7 yr
1,188
*18 57
*,858
5,902
(tax ant. 2/)
1
11/9/53
2-3/** Bond
9/15/61
12/1/53
2/15/53
1-7/8* Bote
2-1/2* Bond
2/15/5*
2/15/5*
*/l/5*
1-5/8* Certificate
2-1/2* Bond
1-1/2* lote
12/l5/5*-B
12/15/58 37
2/15/55-A
11/15/61
*/l/59-KA
5/17/5*
1-7/8* lote
2/15/59-A
* 7T
5/17/5*
8/2/5*
1-1/8* Certificate Certificate 1*
(tax ant. li/)
5/17/55-B
3/22 /55-C
1 JT
8/15/5*
8/15/5*
loA/5*
1-1/8* Certificate
2-1/8* Bond
1-5/8* Bote
8/15/55-D
11/15/60
5/15/57-B
10/1/5*
1-1/2* Iota
-
-
U/
1 yr
5 yr
1 jr
7 jr
5 yr
2,788
2,788
*,72*
2,997
121
*,72*
2,997
121
8,175
1,7*8
8,175
1,7*8
7,007
11,177
119
7,007
11,177
119
2,897
3,886
lyr
6yr
3,558
3,806
3,558
3,806
*,155
2 yr
10/1/59-BO
5 yr
8/15/55-B il/
12/15/55-B
8/15/63
1 yr
1 jr
8 yr
*,919
5,359
6,755
*,919
5,359
6.755
1-5/8* Rota
lote
Bond
3/15/56-A
8/15/57 -C
2/15/95 15/
1 yr
2 yr
*0 yr
8,*72
3,792
1,92*
8,*72
3,792
1,92*
*/l/55
1-3/8* Certificate (tax ant. 16/)
6/22/55-F
*/l/55
1-1/2* Mote
*/l/60-IA
5 yr
2*
8/15/56-B 11/
1 yr
1-7/8* Certificate (tax ant. 1°/)
Bond
3/22 /56-A
8/15/5*
12/15/5*
12/15/5*
2/15/55
2/15/55
2/15/55
5/17/55
7/18/55
1-1/8* Certificate
1-lA* Certificate
2-1/2* Bond
-
2*
3*
7,938
10,620
3*
8/1/55
2*
Certificate (tax ant. 22/)
6/22/56-B
5/17/55
2*
lote
8/15/56-B 12/
2-1 A* Certlfloate
-
3,17*
2,532
3,17*
2,202
2/15/95 15/
2/15/55
10/11/55
198
198
3,989
1,*86
10J
6,8*1
6/22 /56-C
(tax ant. 22/)
f
1
t
10/1/55
1-1/2* lote
12/1/55
2-5/8* Certificate
12/1/55
2-7/8* Hote
12/1/55
2-5/8* Certlfloate
2-7/8* Bote
*A/56
10/1/60-BO
5 yr
278
278
-
12 A/56 -D
1 yr
9,083
9,083
6/15/58-A 2*/
2 yr
2,283
2,283
-
2/15/57-A
6/15/58-A 2*/
*/l/6l-IA
2 yr
7,219
2,109
7,219
2,109
1-1/2* Hote
2 -3
2 -3
A*
A*
10/1/56
Bote
8/1/57-D
Certlfloate - 3/22 /57-B
(tax ant. gj/)
10/1/61-BO
1-1/2* Bote
r
12/1/56
3-1 A* Certlfloate
-
6/2*/57-C
1
12/1/56
7/16/56
8/15/56
5 yr
l*k
1**
1 yr
12,056
12,056
10,613
(tax ant. 2jJ)
3-1 A* Certlfloate -
10/1/57-D
2/15/57
12/15/57
3-3/8*
3-1/2*
5/15/60-Af
i3yr
2/15/57
2/15/57
3-3/8*
3-1/2*
2/l*/58-Al
flyr
*/l/57
1-1/2*
k/l/62-BA
5 yr
5/1/57
3-1/2*
3-5/8*
*/l5/58-B
2/15/62-A
*
r
(
I
I
end of table.
6
^
g
5/15/60-a} ^
Jl yr
3
3
yr
3:
(Continued on following page)
332
332
1,312
1,312
7,271
7,271
8,*1*
1,*6*
8,*1*
1,*6*
7-*&9
5,868
2,351
6*7
June r>}H
27
.DEBT OPERATIONS.
Table 4.- Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness -(Cont inued)
Date
subscription
books vers
opsoed
Anount of
subscriptions
tendered
Description of security
Cash 1/
Anount Issued
For
cash 1/
for other
securltlss 2/
(in millions of dollars)
7/S2/57
8/1/57
8/1/57
8/1/57
3-5/8)1 Certificate
hi
4*
Certificate
note
12/1/57-K
8/1/58-c
8/1/61-A
8
57
4*
9/26/57
It*
[10/1/57
4*
Certificate
Note
Bond
8/1/58-c
8/15/62 -B
IO/I/69
f
I
9/16/57
11/20/57
f
2/3/58
4 yr
12
yr
2,000
657
7,786
3,817
1,143
654
5 yr
yr
Hi.
12/2/57
16 yr
11$.
12/1/57
3-3/4* Certificate
12/1/58-D
1 yr
9,833
[2/1U/58
2-1/2* Certificate
Bond
3*
3-1/2* Bond
2/1U/59-A
2/15/64
2/15/90
1 yr
6 yr
32 yr
9,770
3,854
1,727
Bond
8/15/66
ll/l/63 -EA
4/7/58
1-1/2* Note
2-5/6* Note
6/3/58
6/3/58
3-lA* Bond
6A/58
[6/15/58
16/15/58
2/28/58
3*
1-lA* Certificate
2-5/8* Band
2/15/63 -A
10m
5/15/85
26 yr
11m
2A5/65
36/
XL/
100
9,770
3,854
1,727
1
100
28/
100
3,971
15,741
2,570p
11m
32/
*o/
1.133P
l,8l5p
1,815?
7,384p
6 yr
Source l Bureau of the Public Debt. Preliminary figures are fro* subscription and allotment reports; final figures are on "clearance"
basis in dally Treasury statement.
1/ Conelata of all public cash subscriptions and subscriptions by
United States Government investment accounts.
2/ For maturing securities exchanged for the new issues, aee Table 6.
1/ The 2-1/2* bonda dated February 15, 1953, were reopened with all
the bonda of the aerlea identical in all respects, aa an exchange
offering for the 2-1/6% notes which matured December 1, 1953
Total exchangee in the two offerings amounted to $2,368 Million.
kj Exchange offering available to owners of nonmarke table 2-3 A*
Treasury Bonds, Investment Series B-1975-80, dated April 1, 1951.
For further Information on the original offering see "Treasury
Bulletin" for April 1951, page a-1. Amounts shown are as of
May 31, 1958.
%j The bond offering was made available for exchange of Series F and
savings bonds maturing from May 1 through December 31, 1953.
6/ Total allotments on oaah subscriptions were limited to approximately
$1,000 million. Honbank subscript Ions in amounts up to and Including
$5,000 were allotted in full. All other subscriptions were allotted
20 percent. Commercial banks* subscriptions were restricted to an
amount not exceeding 5 percent of their time deposits aa of
December 31, 1952. The Treasury also reserved the right to allot
limited amounts of these bonds to Government investment accounts,
which subscribed to a total amount of $118 million. Payment for the
bonda allotted could be made with accrued interest at any time not
later than July 31, 1953.
2/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxes
due March 15. 195*.
8/ Subscriptions for amounts up to and including $100,000 were allotted
In full. Subscriptions for amounts over $100,000 were allotted 67
percent but In no oase less than $100,000.
2/ Subscriptions for amounts up to and Including $10,000 were allotted
in full.
Subscriptions from mutual savings banks, Insurance companies, pension and retirement funds, and State and local governments
were allotted 2U percent. All others, including commercial banks.
were allotted 16 percent but not less than $10,000 on any one
subscription.
10/ 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.
11/ Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of inoome and profits taxes
due Maroh 15, I955.
12/ Subscriptions for amounts up to and Including $50,000 were allotted
in full. Subscriptions for amounts over $50,000 were allotted
22/
>*/
1,484
6,715
5jm
5 yr
4 yr
5/15/59-B
koo
100
10 A/62 -BO
11/15/62 -c
11/15/74
2/14/58
9,871
10,487
2,509
933
1-1/2* Note
It
100
100
100
3,067
6,121
U.6U8
3-3/4* »ote
3-7/8* Bond
4/1/58
4/15/58
y
1 yr
10/1/57
12/1U/58
2/28/58
JO/
21/
4 yr
9,871
10,487
2,509
fll/29/57
|_
11^1/57
/V
20/
il/
100
100
100
lyr
*0 percent but in no case less than $50,000.
The 1-1/8* certificates dated August 15, 195*. were reopened with
all the certificates of the series Identical 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 $8,477 million.
la/ Subscriptions for amounts up to and including $50,000 were allotted
Subscriptions for amounts over $50,000 were allotted 50
in full.
percent but In no oase less than $50,000.
15/ The 3* bonds dated February 15, 1955, were reopened with all the bonda
of the aeries Identical In all respects, as an additional oash offering
on July 11, 1955, for payment July 20, 1955. The total amount issued
In the two operations wae $2,7*5 million.
^6/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due June 15, 1955VjJ The 2* notes dated May 17, 1955, were reopened with all the notes of
the series identical in all respects, as an exchange offering for the
1-1/8* certificates maturing August 15, 1955. Total exchanges in the
two offerings amounted to $10,015 million.
18/ Cash subscriptions for $100,000 or less were allotted In full. Subscript iona for more than $100,000 were allotted 62 peroent but in no
case less than $100,000.
19/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Income and profits taxes
due March 15, 1956.
20/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but In no oase
less than $100,000.
21/ Subscriptions from savings-type Investors totaled $7*9 million and
were allotted 65 peroent. Subscriptions from all other investors
totaled $970 million and were allotted 30 peroent. Subscriptions
for $25,000 or less were allotted In full. Subscriptions for more
than $25,000 were allotted not leas than $25,000. In addition to the
amount allotted to the public, $25 million of the bonds were allotted
Savings-type Investors were given
to Government Investment accounts.
the privilege of deferring payment for the bonds provided that not
less than 25 peroent of tne bonds allotted were paid for by July 20.
September
than
60
percent
by
not
leas
1, 1955, and full payment
1955,
by October 3, 1955.
22/ Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of Inoome and profits taxes
due June 15, 1956.
21/ Subscriptions for $100,000 or less were allotted In full. Subscriptions for more than $100,000 were allotted 32 peroent but In no oae*
less than $100,000.
Remaining footnotes on following page.
ii/
.
,
..
28
Treasury Bulletin
.DEBT OPERATIONS.
Footnotes to Table 4
Sk/
25/
26/
27/
28/
22/
iOj
The 2-7/8$ notes dated December 1, 1955, vere reopened with all the
notes of the series Identical in all respects, as a partial exchange
offering for the 1-5 /8> noteB maturing March 15, 1956. Total exchanges In the two offerings amounted to $U,392 million.
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity in payment of Income and profits taxes
due March 15, 1957.
Subscriptions for $100,000 or lesB were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
lees than $100,000.
Also designated tax anticipation certificates, acceptable at par plus
accrued Interest to maturity in payment of income and profits taxeB
due June 15, 1957.
The 3-3/8* certificates dated February 15, 1957, and the 3-1/2* notes
dated February 15, 1957, were reopened with all the certificates and
notes of each aeries identical in all respects, as an additional cash
offering on March 18, 1957, for payment March 28, 1957. Total issues
in the two offerings amounted to $10,851 million for the certificates
and $2,U06 million for the notes.
Subscriptions in excees of $100,000 were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for $100,000
or less for both Issues were allotted in full and subscriptions for
more than $100,000 were allotted not less than $100,000. In addition
to the amount allotted to the public, $100 million of the notea were
allotted to Government investment accounts.
The U$ certificates dated August 1, 1957, were reopened with all the
certlflcateo of the series identical in all respects, as an additional
cash offering on September 16, 1957, for payment September 26, 1957.
The total amount issued in the two operations was $11,519 million.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts Issued in exchange, the Treasury allotted
$100 million of each issue to Government Investment accounts.
Redeemable at the option of the holder on February 15, i960, on three
months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for $100,000
or less for both issueB were allotted in full, and subacriptlone for
'
il/
22/
22/
3jt/
-
(Continued)
more than $100,000 were allotted not less than $100,000. In addition
to the amounts allotted to the public, $100 million of each issue
were allotted to Government investment accounts.
257 Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
less than $50,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts. Payment for not more than 50 percent of the bondB allotted
could be deferred until not later than October 21, 1957.
36/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savings-type
Investors and 12 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government Investment
accounts.
21/ Subscriptions for $10,000 or lees were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savlngB-type
Investors and 10 percent to all other subscribers, but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government investment
accounts
28/ Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000. In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Government Investment
accounts
22/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 2k percent but in no case
lees than $25,000. In addition to the amount allotted to the public,
$100 million of the notes were allotted to Government investment
accounts
Subscriptions
i*o/
for $5,000 or lees were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, U0 percent to commercial banks for their own account
and
25 percent to all other subscribers, but in no case lees then $5,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment accounts,
Preliminary.
p
,
!9J«
29
.DKBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness 1/
(In Billions of dollar*)
Issue
Treasury Bulletin
30
.DEBT OPERATIONS.
Table 5.- Allotments by Investor Classes on Subscriptions for Marketable Issues of Treasury
Bonds, Notes, and Certificates of Indebtedness i/- (Continued)
(In million* of
Issue
lollwi)
June 195
3i
.
DEBT OPERATIONS
Table 0.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
Treasury Bulletin
.DEBT OPERATIONS.
Table 6.
Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness
lit/-
(Continued)
V
June 19jS
.DEBT OPERATIONS.
Table 6.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebtedness it/- (Continued)
lreasury Bulletin
3^
.UNITED STATES SAVINGS BONDS.
United States eavlnge bonds were first offered In
March 1935 and began to mature In March 19^5. 3erlee A-D
were sold between Maroh 1935 and the end of April 19^1,
were first offered In May I9U1.
and Series E, P, and
When 9erles E began to mature on May 1, 1951. owners of
of these changes appear In the May 195 2 Bulletin, page A-l.
To redeem
An Increase In Interest rates on Series Eand H was announced
on April 20,1957, retroactive to February 1. Details of the
changes appear In the May 1957 Bulletin, page A-l.
In
the tables which follow. Series A-F and J sales are Included
at Issue price and total redemptions and amounts outstanding
the matured bonds were offered three options:
the bonds In cash In accordance with the original terms;
to retain them with an extended maturity of 10 years at
specified rates of Interest accrual; or to exohange them
bonds.
A number of changes beoarae effective
for Series
May 1, 1952.
The principal ones were: The rate of
Interest accrual on Series E was Increased, especially for
the near term, with corresponding ohanges In extended
were replaced by two new
Series E; and Series F and
Issues, Series J and K, also at higher Interest rates.
A new current-Income bond. Series H, similar In Interest
return to Series
E,
was offered beginning June 1.
Details
^
began to mature on May 1, 1953- For
e
Series F and
exchange offering made to holders of these bonds maturing
through December 31, 1953, 8ee the May 1953 Issue, page A-l.
Sales of Series JandK were discontinued after April 30,1957.
at current redemption values.
Series G, H, and K are
Included at face value throughout. Matured bonds which
have been redeemed are Included In redemptions. Matured
F and
bonds outstanding are Included In the Interestbearing debt until all bonds of the annual serlee have
matured, when they are transferred to matured debt upon
which Interest has ceased.
Table 1.- Salee and Redemptions by Serlee, Cumulative through April 30,1958
(Dollar amounts In millions)
Amount outstanding
Salee plus
accrued
discount
Series A-D l/
Series £ and E
Series F,G,J, and K j/.
3,949
93,002
31,951 2/
1,05U
12,3814
1,077
Interestbearing debt
U,969
63,401 2/
5,003
105,387
33,029
Redemption of interestbearing series as
percent of sales plus
accrued discount
60.16
37.78
41,985
10,179
22 ,497
52,164
128,903
Source:
Matured debt
Footnotes at end of Table
Dally Treasury statement; Bureau of the Public Debt.
4
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions 4/
Sales plu
Sales
price 57 6/
Accrued
discount 6/
36,048
6,137
5,109
5,621
6,515
7,251
7,846
34,512
5,609
4,640
5,072
5,875
6,483
7,026
8,079
1,536
528
39,019
5,651
5,074
6,149
6,985
7,301
8,264
9,630
37,247
5,150
4,565
5,552
6,348
6,457
7,427
8,697
1,772
501
509
597
637
844
discount
88,651
5,1^3
3,925
4,562
5,494
6,473
5.8U6
U,88l
91,678
3,96l
it, 161
1*
,800
6,173
6,276
5,517
4,605
5,026
1,149
1,207
1,229
1,234
1,231
1,214
1,216
93,677
6,292
5,132
5,791
6,727
5,589
1,181
1,220
1,237
1,236
1,216
1,217
1,216
97,267
5,142
5,381
6,037
7,409
7,491
6,734
5,821
7,704
7,060
6,097
423
429
488
510
407
418
635
498
510
675
649
54,274
54,021
53,774
358
342
330
729
694
813
652
614
748
53,481
53,228
52,474
318
306
52 ,344
590
600
922
486
529
502
439
605
Source:
Dally Treasury statement; Bureau of the Public Debt.
58,019
57,587
57,940
57,710
57,672
57,924
56,293
128
277
360
374
52 ,474
454
334
57,536
57,572
57,685
57,886
58,061
58,365
57,497
54,622
Matured debt
225
686
624
725
734
525
483
337
469
548
639
768
Interest
bearing debt
76
101*
52,315
52 ,254
52,164
end of Table 4.
734
409
Jane
WH
35
.UNITED STATES SAVINGS BONDS.
Table 3.
Sales and Redemptions by Periods, Series E through K
__
(In millions of dollars)
Redemptions 4/
Sales pluB
accrued
discount
Sales
price
5_/
6/
Amount outstanding
Accrued
discount 6/
Series E and H combined
Fiscal years:
1941-1950
1951
58,697
3,272
3,296
4,061
.,653
5,225
5,260
1952
1953
195k 1/
1955 1/
1956
1957
"•,613
ljl20
1,126
1,123
1,114
1,133
62,366
4,307
4,407
5,l8l
5,779
6,348
6,374
5,746
27,872
4,295
4,008
4,038
4,345
4,544
4,730
5,176
27,182
3,987
3,583
3,538
3,791
3,909
4,072
4,460
690
307
425
500
554
636
658
716
34,494
34,506
34,905
36,048
37,482
39,285
40,929
41,498
4,173
1,080
1,120
1,128
1,126
1,113
1,124
1,143
64,503
4,270
4,694
5,496
6,015
6,481
6,167
5,649
30,009
4,036
4,098
4,157
4,444
4,652
4,832
5,469
29,177
3,688
3,622
3,625
3,909
3,949
4,164
4,697
832
34,493
34,727
35,324
36,663
38,233
40,063
41,398
41,578
115
515
479
449
529
479
454
469
412
398
41,485
41,484
41,480
418
425
482
438
378
410
369
307
355
41,460
41, 506
41,578
626
494
506
518
379
396
463
292
333
41,686
41,801
41,911
486
412
354
41,985
3,669
1,035
Calendar years:
1941-1950
1951
60,330
3,190
3,575
4,368
1952
1953
195^
1955
1956
1957
4 ,889
5,368
5,043
"»,507
Months:
1957^Iuly
August .
September
400
392
362
October
November.
December
337
334
368
1958 -January..
February
Mar oh....
510
407
418
.
.
April
87
87
116
87
398
Series F, G, J, and K combined
348
476
531
535
702
668
772
3_/
Fiscal years:
1941-1950
26,005
1,871
629
501
841
1,249
586
268
81
128
159
162
22,147
23,066
22,780
21,837
20,579
19,080
16,568
13,124
138
167
160
23,089
22,859
22, 616
21,047
19,439
17,861
14,895
10,896
26,332
1,961
726
610
949
1,357
686
352
4,185
1,042
1,012
1,552
2,152
2,692
3,105
3,774
4,141
1,021
990
1,511
2,071
2,564
2,946
3,612
27,770
4,681
863
1,093
929
1,968
2,526
2,636
3,422
4,153
4,627
1,071
908
1,909
2,428
2,498
3,255
3,994
1957-July
August. ..
September
360
271
259
339
263
250
12,789
12,537
12,295
October..
November
December
290
316
282
306
393
12,021
11,722
10,896
204
195
10,513
10,343
193
187
10,179
1951
1952
1953
1954 1/
1955 1/
1956
1957
96
108
108
108
100
83
Calendar years:
1941-1950
1951
1952
432
1,284
1953
1954
1955
1956
907
475
100
109
110
686
542
1,394
1,010
567
172
1957
Months
1958-January .
February.
March....
April
Footnotes at end of Table 4.
403
480
210
10,657
(Continued on following page)
Treasury Bulletin
36
.UNITED STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K -(Continued)
(In millions of dollars)
Redemptions 2/ hj
Sales plus
accrued
discount
price 2/ 6/
58,697
3,272
3,266
3,700
3,988
I*,
095
It, 219
3,919
3,669
1,035
1,111
1,120
1,126
62,366
«,307
1,123
1,11»
1,133
5,218
5,333
5,052
60,330
3,190
3,393
3,906
M73
6k, 503
i,270
U,lU2
3,875
1,080
1,120
1,128
1,126
1,113
1,12U
1.1U3
332
115
3">5
87
87
It,
023
U, 19a
321
l
!*,377
,821
5, ll *
It
1
|
"•,513
5,03"*
It,
032
"t,319
U,lt90
It,
It,
622
98I
30,009
1,036
It, 008
It.lUl
It,
5,3*
It
06
>t,5T2
5,266
5,018
UU7
U32
UOS
292
288
315
It 05
335
336
27,872
It, 295
It, 008
506
U58
16
356
87
521
U22
k2k
"t,265
29,177
3,688
3,622
3,609
3,871
3,670
Uj021
U,UU9
I1U6
391
I129
It
116
27,182
3,987
3,583
3,532
3,765
3,85*
3,96U
3k7
285
U97
36U
377
Series B 8/
30
360
l.Oltl
30
360
665
1,130
1,0U1
69U
6911
182
U62
866
1,177
901
631
866
1,177
901
631
665
1,130
Source:
Daily Treasury statement; Bureau of the Public Debt,
It
108
196
62
79
1U3
2U8
Footnotes at end of Table h.
Accrued
discount 6/
690
307
U25
500
55"t
636
658
716
832
3k8
it 76
531
535
June 195H
37
UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured bonds
Period 27
Total
matured 6/
In exchange
for Series
and K
Fiscal years:
1951
1952
1953
195k
1955
1956
1957
6,137
5,109
5,621
6,515
7,251
1,761
2,7k7
3,9kl
817
38
702
1,128
792
7,81.6
".,263
8,958
k,115
5,651
5,07k
6,1U9
6,985
7,301
8,26k
9,630
2,318
3,171
k,230
k,2k6
U.156
37
69k
1,126
1,1187
1,1*86
1,826
1,917
1,971
1,825
1,917
1,971
25U
968
1,328
1,500
2.0U7
1,891
2,08k
2U9
962
1,326
Calendar yearn:
1950
1951
1952
1953
987
1951"
1955
1956
1957
772
1,015
987
518
hi
1,1.99
2,01.7
1,891
2,081.
Months:
1957-July
August ....
September.
October. .
November
December .
.
U26
291
229
729
69k
813
162
180
11*7
261
291
296
180
lk7
182
187
1958-January .
February.
March
378
H5
1*5
i»95
358
2k 1
169
2U1
169
April
29k
152
.
Source:
Dally Treasury statement.
1/ Details by series on a cumulative basis and by periods for Series A-D
combined
be found In the February 1952 and previous issues of the
"Treasury Bulletin."
2/ Includes exchanges of matured Series E bonds for Series G bonds beginning May 1951 and for Series K bonds beginning May 1952.
Sales of SerleB J and K were discontinued at the close of
business
on April 30, 1957.
k/ Includes both matured and unmatured bonds; see Table k.
57 Includes total value of redemptions not yet classified between matured
and unmatured bond a.
1/ A change in procedure, beginning In June 195k, for processing redeemed
savings bonds has resulted In a high level of redemptions not
yet
classified between matured and unmatured bonds. This Increase temporarily obscures the relationship between the redemption columns showing sales price and accrued discount In Tables 2 through k and
also
the relationship between the matured and unmatured sections
of Table It.
vm
y
162
-
Treasury Bulletin
38
.OVHERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
3?
June 1958
.OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values l/ in billions of dollars)
Held by banks
Held by private nonbank investors
Total
Federal
outstanding 2/
Individuals 57
Government
Investment
accounts U/
n-itles
banks
Insurance
ompenlee
Mutual
Bavlngs
banks
1/
U7.6
18.1.
15.9
22.7
1.9
1.8.5
18.6
19.5
16.1
17.3
22.8
23.9
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
21.8
23.7
19.7
21.ll
2.2
2-3
11.2
13-6
3-6
5.U
7.6
8.2
7.1
8.2
3.U
3.7
28.7
26.0
2.6
.
77.0
112.5
l»7.3
lll.l
6.2
8.7
10.3
9.2
11.3
59.lt
December.
. .
1U0.8
170.1
7.2
11.5
13.1
15.1
19UU-June
December.
. .
202.6
232.1
83.3
96.5
52.2
59.9
68. it
77.7
106.0
115.0
8U.2
90.8
21.8
. .
259.1
278.7
279.6
269.9
259.5
258.
257.0
II6.7
108.2
97.9
93.8
8U.it
22.9
23.8
7U.5
23.3
91.9
91.3
70.0
68.7
19U8-June
December ....
252.U
252.9
85.9
85.8
21.U
23.3
19U9-June
December.
252.8
257.2
82.it
85.7
6U.6
62.5
63.O
66.8
257.1*
83.9
82.6
65.6
61.8
8l.lt
58.
85 .It
61.6
8U.0
61.1
1939 -December.
.
.
19U0-June
December.
.
.
19Ul-June
December.
19k2^June
December
55.3
. .
19U3 -June
19^5-June
December.
19U6-February 9_/.
June
December.
19U7-June
December.
.
.
.
.
.
.
1950-June
December ....
1951-June
December.
50.9
.
61.
.3
256.7
.
1952 -June
December ....
266.1
275.2
195U-June
December .
1955-March
June
September .
December.
.
271*.
.
.
27U.U
277.5
280.8
2.0
U.O
25.0
37.7
53.0
17.8
9.1
23.7
13 .U
1U.3
67.0
81.7
30.9
37.6
19.2
2U.7
11.7
12.9
21.7
100.2
11U.0
U6.1
53.3
31.2
36.2
1U.9
17.1
17.3
19.6
8.3
2U.9
27.0
128.2
136.6
U0.7
U2.9
18.5
21.2
22.7
2U.0
9.6
10.7
28.0
29.1
30.9
135.1
132.6
130.7
6U.1
63.3
6U.2
U3.3
U3.5
UU.2
20.8
2U.U
19.9
2U.9
2U.9
11.1
11.5
11.8
32.8
3U.U
133-7
131.3
66.6
65.7
35.8
37.3
130.7
129.7
65.8
65.5
U7.1
U7.8
18.6
17.6
22.8
19.3
18.9
38.3
39.U
132.2
132.1
66.6
66.3
U8.8
U9.3
17.8
17.0
18.3
135.6
13U.9
67.
20.8
37.8
39.2
66.3
U9.9
U9.6
17.6
16.7
23.0
23.8
Ul.O
U2.3
132.9
131.8
65 .U
6U.6
U9.I
U9.1
16.3
15.5
22.9
2U.7
UU.3
U5.9
130.8
133 .u
6U.8
65.I
U9.0
U9.2
9.6
9.5
18.8
10.
63 .U
19.9
11.1
83.6
89.6
58.8
63.7
2U.7
25.9
U7.6
U8.3
135.0
137.3
66.1
6U.9
U9.3
U9.U
16.9
15.5
16.0
15.8
9.5
9.2
18.6
21.5
88.7
63.6
69.2
25.0
2U.9
U9.3
U9.6
133.3
135.1
6U.8
63.6
U9.5
50.0
15.3
13.7
15.3
9it.l
15.0
9.1
8.8
16.6
19.2
87.8
87.1
85.9
86.8
6U.2
63.5
62.1
62.0
23.6
23.6
23.8
2U.8
U9.U
50.5
51.2
51.7
136.9
136.7
1U0.U
1U2.3
65.0
65 .U
66.2
65.6
50.2
50.2
50.2
50.2
1U.9
15.2
16.0
15.0
1U.8
15.0
1U.3
8.8
8.7
8.7
8.5
58.3
57.1
57.6
59.3
23.6
23.8
23.7
2U.9
51.9
53-5
5U.2
5U.0
1U2.6
138.5
138.9
138.5
67.U
50.U
50.3
50.2
50.1
17.0
17.1
17.3
16.8
13.6
13.3
13.1
12.8
8.5
8.U
8.3
8.0
23
53-9
5U.1
5U.2
1U0.7
1U1.7
139.7
67.0
68.1
U9.9
U9.7
U9.6
17.1
17.6
18.5
12.9
12.8
12.6
71.5
1956 -March
June
September .
December ....
276. 1.
272.8
27U.
276.7
81.9
80.8
81.3
1957 -January
February....
276.3
.
6.3
8.5
9.5
10.6
12.2
December ....
1953 -June
State end
Corpora - local
tlone 6/ governnts 2/
Bit
.2
1U.9
18.8
2U.3
16.9
19.1
31.0
67.
67.6
66.9
20.1
21.1
19.
15.
U.9
10.1
2U.6
23.9
U.3
5.3
6.5
19.9
17.8
15.3
6.7
6.5
6.3
13.7
1U.1
7.1
7.3
12.0
11.5
13.6
1U.8
7.8
7.9
20.5
20.1
U.6
15.8
16.8
8.0
8.1
19.8
18.7
U.6
21.2
ll.U
10.9
10.2
9.8
18.U
19.7
8.7
8.8
20.1
20.7
9.U
9.6
19.3
18.7
20.5
23.3
20.8
1U.6
1U.7
1U.9
15.1
17 -U
17.5
18.6
15.7
15.7
16.0
16.1
8.1
8.1
8.1
20.2
20.9
18.0
16.2
16.3
16.6
276.1.
81.8
80.6
March
275.1
81.3
58.3
57.7
58.1
April
May
June
271.. 1
81.2
80.9
78.9
58.O
57.7
55.8
53.7
5U.9
55.6
139.2
139.6
136.2
67.9
67.6
67.5
U9.U
U9.3
U9.1
18.5
18.3
18.U
12.5
23.1
23.0
12 .U
12.3
8.0
8.0
7.9
17.9
18.5
15.7
16.8
16.8
16.9
80.2
80.1
81.6
56.8
56.6
58.3
23 .U
23.5
23.3
55.2
55.8
55 .U
137.3
67.6
68.1
68.2
U8.9
U8.8
U8.6
18.7
19.3
19.6
12.3
12.2
12.2
7.9
7.9
7.9
16.3
137.
16.8
16.1
16.9
17.1
17.2
27U.2
27U.9
275.0
61. It
58.1
58.1
58.9
23.3
23.7
2U.2
55 .U
55.3
55.2
137.3
137.7
136.6
67.5
67.3
66.6
U8.U
U8.3
U8.2
19.1
19.0
12.2
12.1
18.3
12.0
7.8
7.6
7.6
16.3
16.9
16.9
17.2
17.3
17.0
27U.7
27U.8
272.7
81.8
58.5
59.2
59.2
23.3
23.2
23.6
55.1
55 -U
137.8
137.0
13U.6
66.9
66.5
U8.2
U8.2
U8.1
18.6
18.3
18.3
12.0
11.9
11.8
7.6
7.6
7.6
17.7
17.8
17.3
17.3
17.3
July
August
September
275.3
270.6
272.6
27U .0
.
.
October
November ....
December ....
1958-January
February...
March p
271. .5
81.8
83.2
82.1.
.U
22.9
23.1
23.2
55.
Source: Office of the Secretary, Debt Analysis Staff.
1/ United States savings bonds, Series A-F and J, are Included at
current redemption value.
2/ Securities Issued or guaranteed by the U. S. Government, excluding
guaranteed securltlee held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
Consists of commercial banks, trust companies, and stock savings
3_/
banks In the United States and In Territories and Island possessions.
Figures exclude securities held In trust departments.
U/ Holdings by Federal land banks are Included under "Miscellaneous
Investors" Instead of "U. S. Government Investment accounts" after
June 26, I9U7, when the proprietary lntereet of the Ualted States
in these banks ended.
Includes partnerships and personal trust accounts. Nonprofit
5_/
138.0
67.3
66.
Institutions and corporate pension trust funds are Included under
"Miscellaneous Investors."
Exclusive of banks and Insurance companies.
Consists of trust, sinking, and Investment funds of State and local
governments and their agencies, and Territories and Island possessions.
Includes savings and loan associations, nonprofit Institutions, corporate
pension trust funds, dealers and brokers, and Investments of foreign
balances and International accounts in this country. Beginning December
I9U6, includes Investments by the International Bank for Reconstruction
and Development and the International Monetary Fund In special nonlnterestbearing notes Issued by the U. S. Government.
Immediate postwar debt peak.
Preliminary.
14-0
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, I958.
The Treasury Survey of Ownership covers securities
Issued by the United States Government and by Federal
agencies. The banks and Insurance companies Included In
Distribution of ownership by types of banks and Insurance companies 18 published each month. Holdings by commercial banks distributed according to Federal Reserve member-
the Survey account for approximately 95 percent of such
securities held by all banks and Insurance companies In
bank classes and nonmember banks are published for June 30
United States.
Data were first published for
March 31, 19^1, In the May 1941 "Treasury Bulletin."
are published quarterly and first appeared In the March 195^
the
and December 31.
Holdings by corporate pension trust funds
Bulletin for quarters beginning December 31, 19^9-
Section I.- Securities Issued or Guaranteed by the United States Government
Table I.- Summary of All Securities
(Par values
-
In millions of dollars)
41
Jane i95H
.TREASURY SURTET OF OWNERSHIP, MARCH 31, I958.
Section I.- Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values
-
In millions of dollars)
Treasury Bulletin
1+2
.TREASURY SURVEY OF OWNERSHIP, MARCH 31, I958.
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(par values - In millions of dollars)
*3
June 1958
.TREASURY SURVEY OF OWltERSHIP, MARCH 31, I958
Section
II
-
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par values
-
In millions of dollars)
44
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, I958
Current market quotations shown here are over-the-
publlo marketable securities issued by the United States
counter closing bid quotations In the New York market
for the last trading day of the month, as reported to
Government except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded beoauae they are not regularly
quoted In the market.
Table 1.- Treasury Bills (Taxable)
(
Amount
Regular
June
W8
^5
MARKET QUOTATIONS OR TREASURY SECURITIES, ATOIL 30, 1958
Table 4.- Taxable Treasury Bonds
(Price decimals are 32d<1b)
Amount
.
Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 30, I958
,
June
mn
*7
-AVERAGE YIELDS OF LOTO-TEFM BONDS.
Table 1«- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annus)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bondB 1/
Annual series
191*2
2.1.6
2.1*7
2.1.8
19>*3
19**>*
2.83
2.73
2.72
2.62
2.53
2.61
19"*7
2.37
2.19
2.25
1953-Aprll
May
June
2.97 2/
3.11
3.13
3.23
3.3k
19*>5
191*6
-
July
August . .
September
3.02
3.02
3.28
2.98
3.29
October..
November
December
2.83
2.86
2.79 37
3.16
2.69
2.62
3.06
2.95
2.86
195 -January
February.
March
1
*
.
April
May
June
2.53
3.2lt
2. M.
191*9.
2.31
2.32
2.57
2.68
2.9U
1950.
1951.
1952.
1953.
2.5>>
2.55 37
July
August .
September
2.1i7
2.52
2.87
2.89
October
November
December
2.5^
2.57
2.59 37
2.87
2.89
2.90
.
.
2. 1.8
1955 -January..
February
March
-
2.82
2.66
2.62
2.86
2.96
3.20
2.55
2.8a
3.08
3.»7
L95*.
1955.
1956,
1957.
Moody's Aaa
corporate
bonds
2.93
2.99
3.02
1956 -October...
3X11
3.0U
3.05
1957 -January...
February.
March
July
August. .
September
2.91
2.95
2.92
3.06
3.11
3.13
April
May
June
October...
November .
December .
2.87
2.89
2.91
3.W
3.10
3.15
1956 -January. ..
February .
March
2.88
2.85
2.93 3/
3.11
3.08
3.10
April.
May...
June.
3.07
3.2it
2.97
2.93
3.28
3.27
April,
nay. ..
June.
2.90
3.06
3.36
averages of dally series
2.68 2/
2.78
2.78 37
2.82
2.81
2.82
.
2.1>8
Treasury
bonds 1/
calendar year averages of monthly series
191*8.
Monthly series
3.1.0
Moody's Aaa
corporate
bonds
July
August ....
3.28
September.
3.56
3. U3
November
December
.
3.20
3.30
.
3.1.0
3.59
3.69
3.75
3.3»
3.22
3.26
3.77
3.67
3.66
3.32
3.67
3.U0
3.58 37
3.7l>
July
August
September.
3.60
3.63
3.99
U.10
3.66 2/ J/
k.iZ
October...
November
December.
3.73
3.57 2/
U.10
3.30 3/
3.81
3.2>t
3.60
3.59
.
1958^January . .
February
March
.
April
3.28
3.25
3.12
2/
3.91
I4.08
3.63
3.60
Treasury Bulletin
ki
.AVERSE YIEIDS OF LONG-TEFM BONDS.
June 1958
Hg
.INTERNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(In thousands of dollars)
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
DOLLARS
DOLLARS
DOLLARS
Billions
Billions
Billions
Corporation Income
Individual Income Tax and
Employment Taxes *
and Profits Taxes
1943
J
u
*\
H
'45
'47
'49
June 1958
51
-INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(In thousands of dollars)
First three quarters of
fiscal year
Alcohol taxes:
1958
(Jon. -Mar. 1957)
(Jan. -Mar. 1958)
1/
Distilled Bplrlts
Wines
Beer
Total alcohol taxes
Tobacco taxes:
Third quarter of
fiscal year
1957
2,062,21*2
2,121,1*11
1,636, I* 09r
87,751
770,581
2, 920, 57U
88,672
763,112
66,516
557,297r
1*5,01*0
1,573,833
69,501
553,716
U33 ,886r
19,859
1*1*1*
,930
159,352r
20,590
157,126
613,096
622, 6U6
l/
Cigars
Cigarettes
Other
1,51*9,01*5
19,ltl2
111*, 858
1,610,908
18,283
33,151
1,191,960
Total tobacco taxes
1,613,1*97
1,671*, 050
1,236, TV?
106,031
100, 6U3
6,8143
6,882
73 ,91*3
5,281*
13 .638
3l*,7l»0
9,992
10,001*
1,220,080
1*07,026
l*,398
1*06,71*1
7****
1,268,561*
1*21,1*16
1*20,91*1
76,727
2l»,298
5,1*01*
1,961*
26,825
2,027
13,
U.196
Documentary and certain other stamp taxes:
Documentary stamp taxes 2/
Playing cards
Silver bullion sales or transfers
19
53
Total documentary and certain other stamp taxes
107,51*6
79,21*1*
82,150
26,266
1,270,058
396,1*50
1*01,1*88
093
19,033
60,360
305,801
16,210
58,035
311,055
1*7,293
1*0,776
52,1*92
1*1,830
1*5,250
1*
7,835
16,960
389
U.635
15,203
399
Manufacturers' excise taxes:
Gasoline }/
Lubricating oil, etc
Tires, tubes, and tread rubber 3_/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. }/
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc,
Refrigerators, freezers, air-condltlonere, etc
Electric, gas, and oil appliances
Pistols and revolvers
Phonograph records
Musical Instruments
Sporting goods (other than fishing rods, creelB, etc.).,
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, film, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells,
and cartridges
Mechanical pencils, pens, and lighters
Matches
1,030,397
Total manufacturers* excise taxes
,
,
,
,
,
,
,
,
1,1*58,217
7*>,58l*
73,601
177,872
1,376,372
251, l*^
l,097,705r
56,682r
ie3 ,261*
51*,
200,798
906,722
163,591
,233
771,298
199,298
157,291
11*5,360
Hi 5, 797
161,098
11*9,192
116,908
111*, 717
1*9,078
71,061*
1*6,891*
311,369
75,196
1*6,521
1,153
1,1*17
16,1*50
53,268
1,068
11,981
782
11,1*10
11,1*1*9
*,l*31
5,2!*7
U, I* 92
9,897
7,170
8,159
2,220
889
23,709
6,195
7,388
2,718
982
23,901
6,702
7,101
189,1*3''
12,321*
1,11*1.
125,203
117,376
28,967
1,207
13,536
it,
702
6,991*
12,776
8,503
5,150
11*,
>*,717
3,11*5
3,1*56
70,11*6
83,175
19,901
26,080
61,398
16,851
18,586
68,521
19,398
18,319
iu,3oe
9,576
6,160
15,H*9
12,993
13,027
7,1*87
7,51*9
3,379
**,293
3,730
1,31*2
3,099
1,215
3,1*56,013
3,761,925
3,oei,678
996,881
1,006,012
17,373
22,851*
9,111*
2,11*7
Retailers' excise taxes:
Furs
Jewelry, etc
Luggage etc
Toilet preparations
,
Total retailers' excise taxes
,
28,261
29,1*91*
21,760
125,831
12,01*1*
156,601*
22,139
125,650
12,863
152, 3 W>
59,01*0
57,519
83,776
57,116
92,868
1*6,916
1*8,377
21,572
71,286
77,132
29,01*2
57,770
21,108
31,666
321,896
336,081
265,991
273,100
122,517
122,588
(Continued on following page)
52
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
Table 2.
Detail of Excise Tax Collections
(Continued)
(in thousands of dollars)
First three quarters of
fiscal year
Third quarter of
fiscal year
1958
(Jan. -Mar. 1958)
Miscellaneous excise taieB:
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and Initiation fees
Long-distance telephone, telegraph, cable, radio, etc
leased wires, wire and equipment service
Local telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property (Including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed ft/
Sugar
Diesel and special motor fuels 3/ ^/
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys, pool tables, etc
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds i/
Adulterated and process or renovated butter, filled
cheese, and Imported oleomargarine
Firearms transfer and occupational taxes
Other receipts
Total miscellaneous excise taxes
Total received with returns and from sale of stamps....
Undistributed depositary receipts 6/
Unapplied collections
Total excise taxes
10U,018
1*2,255
U7,171
2Ul,5k3
315,690
35,681
21^,903
1+50,579
5,512
18,535
82,89U
2k,k6k
1,002
5,805
S,WH
2,955
639
6,385
75,9.7
June 1958
53
.MONETARY STATISTICS
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
Total
money in
circulation 1/
1950
1951
1958
Total
paper
money
25,661
26,231
1953
195*
27,156
27,809
29,026
30,125
29,922
1955
1956
1957
30,229
30,715
31,082
28,372
28,767
1956 -December..
1957-July
August. .
September.
.
October .
November
December
.
.
.
1958-tfanuary
.
.
February.
March
April
27,31*8
28,359
28,127
29,01*0
29,763
30,933
Cold
certificates
U
Silver
certificates
Treasury
notes of
1890
United
States
Federal
Reserve
notes
Federal
Reserve
Bank
notes U/
National
bank
notes U/
^
Treasury Bulletin
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Sliver
(Dollar amounts In millions)
Silver
($1.29+ per
Bid of fiscal
year or month
fine ounce)
Ratio of silver
to gold and
silver In
monetary stocks
(
2U ,230.7
In percent)
13.2
15.3
15.5
1953
23,31*6.5
22,1*62.8
195"*
21,927.0
3,671.5
3,718.5
3,768.5
3,8lU.3
3,863.1
1955
1956
1957
21,677.6
21,799.1
22,622.9
3,922.''
3,99>*.5
1»,116.6
1956 -December
21,9 »9.5
1957-July
August . .
September
22,626.9
22,626.2
22,635.5
It,
October.
November
December.
22,690.8
22,763.2
22,781.0
>v,17l»A
U, 181.6
U, 185.1*
15.5
15.5
15.5
1958 -January.
February
March ....
22,783.5
22,686.2
22, 39!».i
U.209.3
15.6
15.7
15.9
1950
1951
1952
21,755.9
',127.6
151.6
It,
1>*.5
15.0
15. U
U ,236.2
l*
15.*>
163 .2
,21*1.1
21,996.2
Source: Circulation Statement of tilted States Money,
silver monetary stock see Table 1*.
.6
13.9
15.6
1
April
ll>
16.2
For detail of
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Llabllltles:
Cold certificates
End of calendar year
etc.
1/
1950
1951
1952
1953
195^
22,706.1
22,695.5
23,187.1
22,029.5
21,712.5
21,653.5
21,662.5
22,178.8
1,052.6
1,032.9
1,008.2
21,5'*5.7
1*83.7
1*89.0
1955
1956
1957
21, 690. I*
21,199.1
21,91*9.5
21,1*58.3
22,781.0
22,272.9
508.1
1957Vuly
22,13*1.7
1*92.3
August. .
September
22,626.9
22,626.2
22,635.5
22,127.2
22,131.1
U99.O
October . .
November .
December .
22,690.8
22,763.2
22,781.0
22,193-1
22,270.8
22,272.9
1*97.7
1*92.1*
1958 -January...
February
22,783.5
22,686.2
399.0
March
22,3911.1
22,292.2
22,287.2
21,992.1
April
21,996.2
21,596.7
399.6
.
.
Source: Circulation Statement of Ifrilted States Money.
1/ Comprises (1) gold certificates held by the public and in Federal
Banks; (2) gold certificate credits In (a) the gold certificate
21,223.5
1*91.2
1*91.2
50U.I*
508.1
1*91.3
1*02.0
fund - Board of Governors, Federal Reserve SyBtem, and (b) the redemption fund - Federal Reserve notes; and (3) reserve of $156.0
million against Udlted States notes and Treasury notes of 1890.
June 1958
bb
.MONETARY STATISTICS.
Table 4.- Components of Silver Monetary Stock
(In millions of dollars)
Silver held In Treasury
Securing silver certificates 1/
Silver
bullion 2/
Silver outside
Treasury
In Treasurer's account
Subsidiary
coin 1/
Bullion for
recolnage U/
Silver
dollars l/
1950
1951
1952
1953
195^
2,0U0.7
2,073.5
2,109.7
2,1U0.8
2,171.1
312.8
301.0
289.3
278.3
267.6
1(8.0
30.7
11.0
1955
1956
1957
2,V)h.k
2,208.9
2,212.9
253.5
236.3
219.0
15.7
2.3
8.2
17.6
62.9
92.3
1957-July
August
September
2,209.14
2,210.2
2,211-3
227.7
225.0
222.8
October..
November.
December.
2,212.1
2,212.1
2,212.9
221.2
219.
219.0
8.2
2,215.6
2,215.6
2,219.0
218.6
218.3
217.5
2,226.0
215.5
.
.
1958-January.
February
March
April....
3.6
1.7
3.9
6.3
95.1 2/
82.0 2/
Total
silver
at $1.29+
per fine
Subsidiary
coin 1/
179.8
191.3
202.5
213.2
223.1
1,022.2
1,083.1
1,158.1
1,213.1
235.lt
252.2
269.3
1,283 .2
1,338.2
1, It 02 .6
85.2
89.O
260.7
263 A
265.5
1,372.9
1,382.6
1,385.5
90.3
92.9
92.3
267.1
268.9
269.3
1,389.5
1,397.0
11,1711.11
l,lt02.6
It,
I6.9
28.9
35-3
99.1
IO8.5
1,U03.8
11,209.3
10U.2
269.8
270.1
270.8
l,li07.8
lt,21tl.l
33.6
105.5
272.7
1.+13.3
".,2511.9
1*5.3
7i».
It
Source: Circulation Statement of United States Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29+ per fine ounce.
2/ Includes silver held by certain agencies of the Federal Government.
1/
U/
*
3
Valued at $1.38+ per
Valued at $1.38+ per
according to whether
sidiary silver coins
Less than $50,000.
1,21.2.7
1A03.7
3,697.1
3,7"»l-3
3,79lt.l
3,837.0
3,886.6
3,930.1
it,06l>.l
it,
l85.lt
It,
127.
It,
151.6
U, 163 .2
it,
181.6
185. It
11,236.2
fine ounce.
fine ounce or at $1.29+ per fine ounce
the bullion is held for recolnege of subor for recoinage of standard silver dollars.
56
Treasury Bulletin
.MONETARY STATISTICS
,
Table 5.- Seigniorage on Sliver
(Cumulative from January 1, 1935
In millions of dollars)
-
Sources of seigniorage on sliver bullion revalued 1/
Bid of calendar
year or month
Newly mined silver
(silver and
minor)
18.5
1935.
1936.
1937.
1938.
1939.
1*6.1
63.7
69.5
91.7
Misc. silver
(lncl. silver
bullion held
June ll>, 193*)
*8.7
U8.7
U8.7
1*8.7
*8.7
Sliver Purchase Act
of June 19,
Nationalized
silver
(Proc. of
193
Aug. 9, 193
1
*
226.2
302.7
366.7
*57.7
530.7
3* .5
3*.
3"*. 7
3*.
1
*)
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939,
and July 31, 191*6
326.2
31*.
I*
U8.7
562.7
1*6.7
580.1*
19**2.
21*5.7
581. .3
19"t3.
299.6
362.3
U8.7
*8.7
*8.7
3*. 7
3*.
3* .7
58U.3
3l*-7
581* .3
3*.
1*29.5
*8.7
65.5
66.5
U8.7
U8.7
U8.7
3*.
3*.
3*.
31*.
81*.
19*9.
*91.9
520.5
559.2
578.7
701.6
832.I
832.1
832.2
833.6
3*.
93-5
1950.
1951.
1952.
1953.
195*.
1955.
1956.
1957.
69U.2
7*2.2
792.9
807.0
839.6
890.3
ighk.
19*>5.
19"*6.
19*7.
191*8.
596.6
61*2.3
1957-July
August. .
September.
.
867.8
873.0
877.6
October.
November
December.
.
.
1958-January .
February
March
.
.
.
901.3
907.9
1*8.7
1*8.7
1*8.7
1*8.7
1*8.7
1*8.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
1*8.7
833.7
833.7
833.7
1*8.7
1*8.7
1*8.7
833.7
833.7
833.7
1*8,7
833.7
833.7
833.7
1*8.7
1*8.7
,
508.1
616.O
705.6
.2
122.2
182.1
25.7
759.1*
1*8.3
799.7
818.9
820.6
820.7
63.6
65.3
65. U
10*.
3*. 7
1,01*8.2
967.3
717.3
333.2
161.2
11*6.8
129.9
127.2
111.7
81.9
57.2
3* .9
6.6
1,109.3
1,119.2
1,130.0
1,139.3
111*.
3"*.
1,055.8
1,089.0
938.1
1,069.6
1,077.6
1,087.8
1,098.1
7*.
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account 2/
27*.9
397.5
5*1.6
758.8
950.6
1*22.1
19U.
19"*0.
Total
seigniorage
on silver
revalued
31*.
125.1*
3*.
3*. 7
13<*-7
11*3.8
3*.7
150.8
155.2
1,155.1*
1*.3
3* .7
7
156.1*
1,159.8
1,161.0
50.0
72.9
3"*.7
155.3
155.6
155.9
1,159.9
1,160.2
1,160.5
59.2
67.3
70.5
31*.
156.2
156.2
156.1*
1,160.7
1,160.7
1,161.0
71*.
31*.
31*.
157.2
157.2
15B.2
1,161.8
1,161.8
1,162.8
3"*.
3*.
31*.
31*.
3*.
3* .7
Source
Bureau of Accounts.
1/ The
Items represent the difference between the cost value and the monetary
value
rer bullion revalued and held to secure silver certificates.
2/
1,11*8.1*
71.8
72.9
79.8
8l.lt
80.6
The figures in this column are not umuletlve;
s the amount of
bullion held changes, the potential seigniorage thereon changes.
<
<
June 1958
57
.NATIOHAL BAHK HEPOTTS
.
Table 1.- Earnings, Expenses, and Dividends for Calendar Years 1953 through 1957
(Dollar amounts In thousands)
53
Treasury Bulletin
.CAPITAL MOVEMENTS.
Data relating to capital movements between the
United States and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
1934,
Executive Order IOO33 of February
8,
1949,
published will be exactly comparable to those now presented.
and
Treasury regulations promulgated thereunder. Information
covering the principal types of data and the principal
countries is reported monthly, and Is published regularly
In the "Treasury Bulletin." Supplementary Information Is
published at less frequent Intervals. Reports by banks,
bankers, securities brokers and dealers, and
pages 45-47. As a result of changes in presentation
Introduced In that Issue, not all breakdowns previously
Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
Beginning April 1954,
data reported by banks In the Territories and possessions
consolidated figures to the Treasury.
of the United States are included In the published data.
The first three sections which follow are published
They provide summaries, by periods and by
oountrles, of data on short-term banking liabilities to
monthly.
and claims on foreigners and transactions in long-term
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Section IV provides supplementary data In five tables
which appear at less frequent Intervals. Table 1, short-
term foreign liabilities and claims reported by nonfinancial concerns, is published quarterly in the January,
April, July, and October Issues of the Bulletin.
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 1954 Issue of the "Treasury Bulletin,
"
Table
and dollar holdings of foreign countries and International
institutions, are published quarterly In the March, June,
September, and December Issues.
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.
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 outflow of capital from the United States)
Analysis of net capital movement
Net
capital
movement
1935-41
19U2
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1957-Julv
August ....
September.
October. .
November .
December.
1958-January p.
February p
March p . .
Changes In liabilities to foreigner
Short-term
banking
funds
Transactions
in domestic
securities
Short -term
banking
fundB
5,253.2
622.6
1,273.5
452.8
1,056.6
-8O3.O
345.5
244.7
193.8
1,749.6
3,661.3
532.5
1,207.1
431.1
1,166.3
-752.6
547.2
409.3
-24.8
1,971.2
3,034.6
485-9
1,179.3
220.4
1,279.4
-418.4
636.2
601.5
-100.0
1,026.8
626.7
46.6
27.8
210.7
-113.1
-334.2
-89.1
1,591.9
90.1
66.4
21.7
-109.7
-50.4
-201.7
-192 .2
75.2
944 .U
218.6
-221.6
-374.3
1,260.6
1,162.8
73.1
1,558.8
1,090.9
1,419.5
1,367.3
1,494.7
336.3
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
194.6
-129.3
-48.5
-4k .5
-63 .Or
92.4
-58. Or
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-84.8
-140.9
-5.1
-30.8
405 .6r
-102.1
20.4
425 .3r
-126.0
-10.0
-67 .2r
-109 .tr
-148.7
155. 5r
4U .3r
-96.5
168. 9r
-72. 5r
-88.4
637.1
1,175.0
586.5
-666.8
-113.6
328.2r
-100. Or
2,
long-term foreign liabilities and claims reported by
banks and bankers, and Table 3, estimated gold reserves
-16I..6
736.3
97.5
-11.3
-71.8
-63.I
-315-5
-240.7
-69.8
190.8
-76.2
Transactions
in foreign
securities
855.5
-7.4
77.7
93.5
-46.6
265.1
39.0
-94.8
27.8
-145.4
-32 .2r
-32. 5r
-21. lr
4.1r
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-719.9
-51.8
-11.1
-36.6
-19.7
23.9
30.U
-77.3r
2.1r
-51.2
-95 -9r
50. 9r
-33.1
18.6
-48.7
-18.1
-13.4
116.8
-8.0
-222. 6r
-153 .7
-52.3
-58. lr
-164.6
-194.5
-14.2
-447.5
-298.2
72.0
-782.4
-192.4
-908.3
-1,003.1
15.7
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-283 .2
67.5
40.8
Jane
W8
59
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period In millions of dollars)
6o
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section
Table 4.
I
-
Summary by Periods
Purchases and Sales of Long-Term Foreign Securities by Foreigners
June 195H
bi
.CAPITAL MDVBCMTS.
Section II - Summary by Countries
Table I.- Short-Term Banking Liabilities to Foreigners
(Position it at of ptriod la -'"I-1 of >iiU»j»1
Calendar year
1953
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
195*
1957
1955
260.8
190.9
130.3
108.3
.6
.7
95.7
37.9
71.1
60.0
*1.3
*9.3
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
U28.5
898.8
100.9
*65.7
2*2.9
715.*
1,372.5
112.5
578.6
2*9.3
1,080.6
1,*5*.*
175.7
785.*
163.7
Norway
Poland
Portugal
Rumania
Spain
118.5
2.2
72.*
5.8
103.*
81.7
2.5
131.8
8.1
10*.*
Sweden
Switzerland.
Turkey
U.S.S.B
United Kingdom.
116.7
67* .2
1*.2
708.9
1*1.0
672.*
8.2
1.8
639.5
Yugoslavia
Other Europe
6.9
383.5
8.6
358.8
36.0
. .
2.0
Total Europe.
2.1
91.3
7.8
71.3
5,620.5
Canada.
Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia,
130.0
19.1
101.7
78.8
150.2
160.*
29.2
119.6
69.6
222.2
Cuba
Dominican Republic
Guatemala
Mexico
Netherlands W, Indies and
Surinam
3*0.8
39.3
37.9
183.2
236.7
60.*
51.5
*8.7
Panama, Republic of.
89.9
68.0
26.8
109.6
222.*
119.2
73.8
83.*
30.*
90.3
193.6
36.*
39.3
*3.6
35-7
60.8
86.9
100.3
31.*
18.0
827.9
91.5
295.5
37.2
*1.0
721.0
95.6
257.*
3*.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
3*.
328.9
12*.
Total Latin America.
Asia:
China Mainland
India
Indonesia.
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
68.0
99.0
167.9
171.2
Other countries
Australia
Belgian Congo
Egypt 2/
Union of South Africa.
All other
Total other countries
International
Grand total.
59.2
89.6
*3.3
38.2
95.7
*7.7
*3 6
*7.1
32.7
9*.0
326.1
265.1
1,629.*
1,769.9
11,6*8.*
12,918.6
152.9
756.7
8.7
13
197
1956
October
November
V
1958
December
January p February p
March
p
Treasury Bulletin
62
.CAPITAL MOVEMENTS.
Section
II -
Summary by Countries
Table 2.- Short-Term Banking Claims on Foreigners
(Poaltion at end of period in millions of dollars)
1/
2/
Not reported separately prior to March 1951*.
Part of United Arab Republic (including Egypt and Syria) since
February 1958. Data on claims on Syria are not available
separately, but are Included In "Other Asia.
Less than $50,000.
Revised.
Preliminary.
r
Jane 195H
b3
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions in Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the
l/
2/
Not reported separately prior to March 195 *
Part of ttilted Arab Republic (including Egypt and Syria) since
February 1958. Data on transactions by Syria are not available
1
separately, but
Preliminary.
included in "Other Asia.
Ifrilted
States)
6k
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II
- Summary by Countries
Table 4.- Net Transactions in Long-Term Foreign Securities by Foreigners
(In thous ands of dollaj-a; negative figures Indi cate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1957
October
November
Europe
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic
Greece
Italy
Netherlands
1,995
1,1>89
12,004
247
3,11*3
-6,091
Norway
Poland . .
Portugal
Rumania..
Spain....
.
.
-584
3,056
1,21k
5,955
1,179
15,356
179
-4,670
1,280
1,351
3,991
-su,sui
5,401
662
60
1,783
-24,275
16,725
19,000
2,458
1,065
10,337
-20,090
-1,631
25,57''
it,
799
75,414
3
415
-329
-992
9,065
-231*
3
-4
284
447
358
-1,210
26
-5
Sweden
Switzerland.
Turkey
U.S.S.R
United Kingdom.
282
37, 304
-18
-487
33,620
-197
-35,235
Yugoslavia...
Other Europe
1,6U2
Total Europe.
-"(5,523
Cuba
Dominican Republic
G uatemala
Mexico
Netherlands W. Indies and
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total Latin Amerlc
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic
Philippines....
Taiwan
Total other countries
519
27,904
17
-122
2,013
-59,218
3,909
501
54
35
-35,745
-1,558
118
5,763
3,621
1,058
6,262
292
8,697
-62
913
1,961
3,339
256
806
-350
-251
12,714
-370
-323
3,089
-1,007
127
5,354
5,311
211
-351
6,031
228
9,074
515
1.35
237
3,356
5,065
340
2,137
1,633
496
6,299
1,322
129
2,753
-U30
117
12,179
-1,186
-394
2,875
106
-974
9
-2,310
1(87
1,798
-1,871
-861
580
-2,055
-5,554
-1,642
-8,045
34,599
32,760
23,506
2,159
56
5,125
436
353
2,358
140
136
25
-38,172
It,
038
1/
-184
6,1(69
523
70
-103
-136
14,490
4,995
-3,697
109
143
19
-53,088
-50,564
-54
677
-l,9(i9
358
245
450
-657
-11,272
1,308
8,071
-525
-9,874
-48,725
-39,962
-45,188
281
220
11,042
14,850
6,051
283
3
16
-5,107
4,956
60
-5,61(7
-21,796
1,722
-343
7,l80r
-7,302
International
-163,886
-26,534
Grand total.
-300,388
-30,424
267
3,205
-331
184
129
-Hi
-6
793
42
8,067
-39,992 -41,736
601
6,232
-1/
139
-2,907
-447,162
,
469
6,805
-308
5,633
1,221
12,880
110
2,736
16
8,414
7,189
1,562
1,245
..
Other countries:
Austral la
Belgian Congo
Egypt 2/
Union of South Africa.
All other
45
495
19,594
15>(
7U
Latin America:
Argentina
Bolivia..
Brazil...
Chile
Colombia
66
-5
Canada
Total Asia.
17,602
203,837
-3,582
1953
December
June 195H
^
.CAPITAL MOVEMENTS.
Section III
-
Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of April 30, 1958
(Position la thonssssls of iollan)
66
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of March 31, 1958
(Position la thousands of dollars)
Short-term claims payable in dollars
Collections
outstanding
foreign
>*»^V^ and
official
Institutions
Europe:
9,1*01*
Austria
Belgium
Czechoslovakia.
33, 118
300
7,939
5,728
'Inland
franca
Gsraany, Federal Republic of.
Greeoe
Italy
tberlands
e
larway
Poland
Portugal
Rumania
Spain
Svadan
Switzerland
Turkey
U.S.SJ)
Unltad Kingdom.
Yugoslavia
Othar Europe
.
7,833
5,728
1,919
15,21*2
7,5"*3
283
217
237
6
2,11*5
1,001*
10U.095
129,750
7,132
53,305
33,578
103,09lt
8,152
9,107
1,635
22,636
2,019
2,1*81
9,1*83
3,792
18,970
52,776
32,889
26,079
6,500
1,717
25,826
1*18
8,81*2
6,1*96
52
2,031
3,102
93
1,1*92
38,51*6
38,031*
W5
27,315
7U,6lU
13,053
20,612
7U.609
760
30,660
13,
91*,
.
9,398
32,559
289
107,072
6,951*
9,272
13,372
123
655
379
1,1*78
l*,66l*
3,1*1*2
10,836
11,897
1,628
13,331*
70,891
3,709
385
5,085
358
1
31.8
1,931*
1,616
1,13**
672,795
57>*,82U
156,070
63 ,91*6
lS6,l*6l
137,29"*
32,603
82,975
8,371
25,807
25,778
6,129
12.921*
9,529
2,976
30,252
9,118
25,878
Latin America:
Argentina.
Bolivia. .
Brazil
Colls
Colombia.
Cuba
Dominican Republic
Guatemala
Heilco
Istaerlands Veat Indies and Su
,
,
Panama, Republic of
Para
11 SalTador
Uruguay
Venezuela
Other Latin Aaarloa
Total Latin America
China Mainland.
Bong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
Total Asia.
3,1**5
3,11*2
168,077
39,690
167,757
39,690
35,01*1
89,0116
89,01*2
12,1*56
7,608
52,236
lit, 875
2
17,903
635
1,251
59,268
1*5,569
161*
1,236
23,187
1,399
100,750
11,702
1,521*
216,889
2,817
2k, 172
16,539
167
38,225
6,387
6,921*
16,806
21*,
2,591
6,1*52
1*7,1*1*5
i»7,l*35
161,031*
159.256
51,** 1*9
51,!*37
19,213
5,366
18,892
3,017
1,513
5l», 735
22,781
997, 91"*
992,978
185,821*
232,561
2, l>75
2,l»75
2,1*75
7,926
7,915
7,067
230
3,501
1,601*
1*66
13
2,768
5,830
230
27,615
2,985
17,917
1,715
6,562
38,256
6,387
7,1*63
231
28,069
21,253
138,826
U,985
53 ,21*2
5,718
382,772
**,58l
558
16,913
18,180
2,21*0
1*5,1*11*
28,01*9
21,253
138, 8lU
l*,985
53,227
5,718
1*7
12,1*78
1*
98,779
290
380,990
1,363
17,592
3,628
556
97
2,071
11,657
73,1*07
Other countrle
Australia
Belgian Congo
Egypt i/
union of South Afrlc
All other
6,080
1,365
Total other countrle
11,861
6,075
1,072
65
1,281*
1*72
11,1*83
11,1*21
'•2, 121;
7,1*95
**,
l*,199
6,1*01*
1,687
1,1*61.
7,51*9
2,28U,303
2,128,210
Part of United Arab Republic (Including Egypt and Syria) a
February 1958. Data on claims on Syria are not available
307
21*
Intsrnatlonal
1/
665
5,91*5
505
296
3 I*5,39'*
,870
June 1958
67
.CAPITAL MOViMKNTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners during March 1958
(In thousands of dollars)
Purchases by foreigners
Foreign securities
U.S.
Total
purchases Government
bonds and
notes
Europe:
Austria
30
Belgium
Czechoslovakia.
Denmark
Finland
France
Germany, Federal Republic
Greece
Italy
Netherlands
Norway
Poland
Portugal
Rumania
Spain
530
k,201
259
1,387
6,167
337
32
318
2,163
2,911
2,381
361
1,10k
835
Sweden
Switzerland
Turkey
U.S.S.K
United Kingdom.
Yugoslavia
Other Europe
.
.
Total Europe
.
.
1,051
U7,276
1*5
"•7,563
16,U09
6,0k7
19,615
6,510
7,518
233
663
129, 7kk
61,550
Canada
Latin Amerlo
Argentina.
Bollrla.
Brazil
Chile
Colombia.
.
56
22,368
156
3,1.9k
»5
2**,339
673
163
873
U92
27k
Cuba
Dominican Republic
Guatemala
Mexico
Nether lands W. Indies and Surinam
5,U9U
115
Panama, Republic of
3>12
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
2,331
2,225
220
2.31 *
l,k65
1
227
10
973
l,lk8
376
Total Latin America
Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
ljW
Total Asia...
Other countries
Australia
Belgian Congo
Egypt 1/
Union of South Afrlc
All other
Total other countrle
'
2,361
International
Grand total.
1*3,877
68
Treasury Bulletin
.CAPITAL MOVEMENTS.
Table 2.- Long-Term
1/
Section IV - Supplementary Data by Countries
Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period in thousands of dollars)
June 195H
69
.CAPITAL MOVEMENTS.
Table 3.
Section IV - Supplementary Data by Countries
Estimated Gold Reserves 1/ and Dollar Holdings of Foreign Countries
and International Institutions
(Position at end of period In mllllonB of dollars)
Treasury Bulletin
70
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The current financial statements of corporations and
published quarterly and appear as Section 1 In the series
The first data under the new regulations are
certain other business-type activities of the United States
of tables.
Government which appear In the "Treasury Bulletin" begin-
for March 31, 1956,
ning with the August 1956 Issue are complied from reports
submitted to the Treasury under Department Circular
Bulletin.
Issued January 30, 1956, and Supplement No. 1,
Issued June 1, 1956. The regulations so Issued are pur-
and Deoember 31 reporting dates, and appear as Sections II
suant to Section 114 of the Budget and Accounting Proce-
regulations cover the fiscal year 1956, and were published
dures Act of 1950 (31 U.S.C. 66 b), and represent another
step In the program of comprehensive and Integrated Gov-
agencies are grouped in separate tables by type, as follows:
No. 966,
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
and were presented In the August 1956
Statements of Income and expense and source and
application of funds are published semiannually, for June 30
and III.
The first of these statements under the new
in the January 1957 Bulletin.
Within the sections, the
public enterprise revolving funds,
lntragovernmental
revolving funds, certain other activities, deposit funds,
and trust revolving funds.
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. 8512 of August 13, 1940, as amended by Executive Order No. 90S4 of March 3, 1942, under which financial statements previously published In the Bulletin
all executive agencies and activities not reporting under
were submitted.
Department Circular No. 966, but required only a statement
Supplement No. 1 added to the coverage by Including
Df financial
In coverage,
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Government corporations specifically
Included In the Government Corporation Control Aot, as
amended
(
31 U.S.C.
846,
S56);
and all other aotlvltles
of the Government operating as revolving funds for which
business-type publlo enterprise or lntragovernmental fund
budgets are required by the Bureau of the Budget.
Other
activities and agencies whose operations, services, or
functions are largely self -liquidating or primarily of
a revenue-producing nature, and aotlvltles and agencies
whose operations result In the accumulation of substantial
Inventories,
investments and other recoverable assets,
condition annually as of June 30.
These are
mainly not business-type aotlvltles, and those which had
not yet developed formal accounting procedures to provide
complete balanoe sheet types of statements were authorized
temporarily to report only the asset side.
Thus the sup-
plement rounds out provision for the Information on
properties and assets of the United States Government which
the Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
continuing study of the assets of the Government. The
first comprehensive reporting under Supplement No. 1 is
for June 30, 1957. and the data were published In the
Deoember 1957 issue of the Bulletin as Part B of Table 4
In Seotlon I.
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
A summary of loans outstanding for a series of dates
of furnishing the financial reports required.
Is
Four kinds of financial statements are oalled for by
Department Circular No. 966. They are statements of
financial condition, Income and expense, source and
Included In Seotlon
I
of the Bulletin presentation
beginning with the June 1958 Issue. Two classifications
of the loans are shown, one by type and one by agency.
application of funds, and certain commitments and contin-
Data prior to 1956 are based on the earlier reporting
requirements, which provided for complete coverage of
gencies.
Government lending agencies.
The statements of financial condition are
n
Jane 195H
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table
1.
Section I - Statements of Financial Condition
Summary by Specified Classes of Activities, March 31, 1958
(In thousands of dollars)
Account
72
Treasury Bulletin
,
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
I
-
Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958
(In thousands of dollars)
Jane
W«S
73
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958
(In thousands of dollars)
(Continued)
7^
Treasury Bulletin
,
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958 - (Continued)
(In thousands of dollars)
June 1958
73
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprl se Revolving Funds, March 31, 1958 - (Continued)
(In thousands of dollars)
76
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, March 31, 1958
(In thousands of dollars)
-
(Continued)
June 1958
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterpri se Revolving Funds, March 31, 1958 - (Continued)
73
Treasury Bulletin
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958
(In thousands of dollars)
(Continued)
June 195H
79
.CORPORATIONS AND CERT AIR OTHER BUSINESS-TYPE ACT IVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958 - (Continued)
Treasury Bulletin
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
I
-
Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31,
(In thousands of dollars)
1958 - (Continued)
me 195H
si
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1958 - (Continued!
(In thousands of dollars)
Interior Department - (Continued)
Bureau of Reclamation
Development
and operatio
of helium
properties
gency expense*
Fort Peck
project, Mont.
Bureau of
Commercial
Fisheries
Office of Territories
Alaska
railroad
revolving
fund
Loans to
private
trading
enterpris'
Virgin
Islands
Corporation
ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U. S. Treasury..
Investments
Public debt securities (par value)
Securities of Government enterprises....
Unamortized premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
159
29+
127
367
36
568
618
m
569
l+,2l+7
1.199
-5m
116 ,025
-13 ,781+
7,063
-1,913
166
15.310
12,353
!i2i_
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
201+
269
3^0
765
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves).-
Total liabilities
NET INVESTMENT
United States interest:
Interest- bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital' stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
5,939 12/
1+8,61+8
11,1+30
065
2,916
3
1,21+6
ll+y
1+,619
Total United States interest
Total liabilities and
127,050
11/
8,128
lQ ,333
131,669
*S&
stment.
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)..
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table
8.
52 ,014
13,901
-366
14,346
5, 487
6,761
-7
52,015
-159
2J_
51 ,880
6,754
-367
353
19 ,820
(Continued on following page)
-1 ,018
169_
-21
Hi.
6.874
82
Treasury Bulletin
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.. Public Enterprise Revolving Funds, March 31, 1958
(In thouaanda of dollars)
(Continued)
Jane 1958
3?
,
CX)HP0RATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1958
(In thousands of dollars)
Civil
Service
Commission
Veterans
Administration
General Services Administration
Government
Printing
Office
ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U. S. Treasury..
Investments:
Public debt securities (par value)...
Securities of Government enterprises.
Unamortized premium, or discount (-).
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On pub] ic debt securities
On securities of Government enterpris
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (.net J..
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
685
11,61*0
2,238
4 .108
660 ,900
32 .781
253
34 .020
37,31*0
10
,9*
,1*62
365,328
-lt3 >3t3
;
- .4-'1
27 ,787
-9,821
266
3.122
-1 .561
226
13 .347
-3 .527
2_
33,485
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
209 ,887
3,308
253 ,775
9,071*
I*
.883
1+7
61*
,396
790
50 ,976
877
2,311
1,332
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
1
,404
,31*3
3 ,1*83 .171*
1,000
1*3
,508
9,336,065
-1,286,8*7
39,682
3,500
4,441
-1*5
(-T.
Total United States interest.
Total liabilities and investment.
ANALYSIS OF UNITED STATES INVESTMENT
13,716,320
11*
or deficit (-)...
stment including
Total United State
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
,223 ,583
-1 ,286
,81*7
1*4,508
7,582
39 ,637
-21,131
1,537
Total United States investment after
exclusion of interagency items
Footnotes at end of Table 8.
39 ,682
-45
(Continued on following page)
-6,020
7.941
197
74.500
4.317
8k
Treasury Bulletin
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1958
(In thousands of dollars)
(Continued)
Jane 195H
.
C0KP0RATI01TS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1958
(In thousands of dollars)
(Continued)
S6
Treasury Bulletin
.
CORPORATIOHS AHD CEREAIH OTHER BOSHtESS-TYFE A JIMVITIK S.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1958
(Continued)
(In thousands of dollars)
Health, Education, and Welfare
Department - (Continued)
Interior
Department
Justice
Department
Public Health Service
Service and
supply fund
Office of
Secretary
Narcotic hospitals the
Working
orking
capital
apital fund
fund
Federal
PriBon
Industries
Labor
Department
Office of
the Secretary
Working
Treasury Department
Bureau of
Engraving
and Printing
capital
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury....
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium , or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)..._
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other
"Allowance for losses ^-)...;
Acquired security or collateral (net) ....
Land, structures, and equipment..,
Accumulated depreciation (-)...,
Other assets (net)
624
2,522
1,221
33
8,963
326
-196
6,122
-31
1,011
102
5,110
32,665
-7,544
964
13.961
-5,942
46
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
147
1,335
545
14
Other:
Guaranteed by the United States
Not guaranteed by the United States..
Other liabilities (including reserves) .
.
347
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
3,250
22,001
8,939
867
134
63
5.183
17 ,100
6,756
257
Total United States interest
Total liabilities and investment
~30TT
2,483
8,1*22
ANALYSIS OF UNITED STATES INYESTME1.T
United States investment
Accumulated net income, or deficit (-)...
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table
8.
1,994
119
198
301
476
45
2,114
521
-624
-303
5,183
17,100
-2,522
370
34,190
867
6,756
257
June 195H
87
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condlt Ion
Table 4.- Certain Other Activities, March 31, 1958
(In thousands of dollars)
Account
33
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 4.
Section I - Statements of Financial Condition
Certain Other Activities, March 31, 1958 - (Continued)
(In thousands of dollars)
June 195ti
49
.
CORPORATIONS AHD CERTAIN OTHER BUSIHESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March 31, 1958 - (Continued!
(In thousands of dollars)
Defense
Department
Agriculture Department
Department
Fanners
Home
Administration
Rural
Electrification Administration
HEW
Department
Department
Interior Department
Office of the Secretary
Southeastern
Power
Administration
Guaranteed
loans World War I
ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U. S. Treasury..
Investments:
Public debt securities (par value)...
Securities of Government enterprises.
Unamortized premium, or discount (-).
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
,
Inventories
Allowance for losses (-).,,.,
Accrued interest receivable:
On public debt securities
On securities of Government enterpris
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)..
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
21+5 ,282
338
292
10,071+
3,167
149
751,610
1+.711+
1+61+
-4,601+
-83 ,103
8H3
2,306
-Ut
1+
,567 ,693
6/
35,251+
530
812,192
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
118
2,0*
11+
,703
1,481+
103 ,697
103 ,778
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Nonintere st- bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
1+38,079
5 ,1+25 ,652
-4,048
-166,102
-1 ,335 ,1+26
-251
(-7.
1,580,686
I**, 516
1+.71H
-1+.601+
-801+ ,063
,11+7
Total liabilities and investment.
ANALYSIS OF UNITED STATES INVESTMENT
_.."U.
2,957,1+28
-61+ ,291+
it (-).
Total United States investment including
interagency items
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
Footnotes at end of Table
8.
5,312
110
Total United States interest.
United States investment.
Accumulated net
-304 2/
60,397
526
6 ,202 ,801
-1,335,1+26
793 ,168
-22
2,203
795
-356
101+ ,393
,31+8
(Continued on following page)
H.711+
-4,601+
-JJL_
-55,085
60.397
90
Treasury Bulletin
.
CORPORATIONS AND CERTAIH OTHER BDBIHESS-TYEE M*vi vmi 'I h r.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March 31, 1958 (Continued)
(In thousands of dollars)
Interior
Department (Continued)
Administration
ASSETS
Cash in banks, on hand, and in transit.
Fund balances with the U. S. Treasury..
Investments:
Public debt securities (par value)
Securities of Government enterprises....
Unamortized premium, or discount (-)....
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
mm
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
Justice
Department
State
Department
Treasury
Department
Immigratic
and
Naturalize
Service
International
Boundary
and Water
Commission 2/
Miscellaneous
loans and
certain
other assets
24
17,149
3.562,988 10/
8,555
4
149
6,21*0
2,945,245 11/
179 ,086
185 ,925
3 ,479 ,377
1+17,635
-72 ,820
19 ,069
17 ,181
2,701
57,539
-1,515
4,379
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
,
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
.
488
709
Other:
Guaranteed by the united States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities
,
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
545,981
16,117
62,809
69,843
15 ,633
'
91,260
-1,974
9 ,987 ,620
17,232
365 ,001
-293 .552
Total United States interest
10,352,621
Total liabilities and
stment.
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
331,354
69,843
Total United States investment including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
-2,600
438
Total United States investment after
exclusion of interagency items
Footnotes at end of Table
8.
9,987,620
365,001
32,865
10,352,621
-641
-179,086
12/
Jane 1958
91
.COBPORATIOES AMD CERTAIN OTHER BDBIRESS-TTPE ACTIVITIES.
Section I - Statements of Financial Condi tlon
Table 5.- Certain Deposit Funds, March 31, 1958
(In thousands of dollars)
Account
92
Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
I
-
Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, March 31, 1958
(In thousands of dollars)
93
June /95<S
-CORPORATIONS AHD CERTAIH OTHER BUSHtESS-TTPI ALTIVITICS-
Table 6.
Section I - Statements of Financial Condition
Certain Trust Revolving Funds, March 31, 1058 - (Continued!
(In thousands of dollars)
9k
Treasury Bulletin
.
COBPORATIOWS AHD CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Grose Loans Outstanding, March 31, 1958, Excluding Interagency Loans,
Classified by Types of Loans
(in thousands of dollars)
Public enterpris
revolving funds
Type of loan and lending agency-
To aid agriculture:
Loans to cooperative associations:
Farmers Hone Administration
Rural Electrification Administration
Crop, livestock, and commodity loans:
Commodity Credit Corporation
Disaster loans, etc.
revolving fund
Farmers' Home Administration
Virgin Islands Corporation
Storage facility and equipment loans:
Commodity Credit Corporation
Farm mortgage loans:
Farmers' Home Administration
Farm tenant mortgage insurance fund
Guaranteed loans held by lending agencies:
Commodity Credit Corporation
Other loans:
Farmers Home Administration
9,377
'
2 ,732 ,087
,
15 ,696
679,338 1/
399,272
'
Total to aid agriculture
To aid home owners:
Mortgage loans:
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Housing and Home Finance Administrator:
Liquidating programs
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty program
Other loans:
Veterans' Administration:
Direct loans to veterans and reserves
Loan guaranty program
2 ,259 .288
118,793
Total to aid home owners
To aid industry:
Loans to railroads:
Expansion of defense production:
Tree sury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation liquidatic
fund
Ship mortgage loans:
Commerce Department:
Maritime activities
Other loans:
Expansion of defense production:
Interior Depa rtment
Treasury Department
Defense production guarantees:
Air Force Department
Ar-my Department
Navy Department
Other purposes:
Army Department:
Guaranteed loans - World War II
Housing and Home Finance Administrator:
Liquidating programs
Inland Waterways Corporation
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidatio
fund
Smaller War Plants Corporation (in liquidation)
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidatio
fund
Virgin Islands Corporation
,
Total to aid industry
Footnote at end of table.
,W
18
181 ,079
2,788
3,105
7,278
4,755
7,356
3,590
155
,721+
9,916
712
1,118
33,399
644,693
679,338 1/
Certain other activities
June
mn
95
.
CORPORATIONS AMD CERT AH! OTHER BUSUffiSS-TTPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Gross Loans Outstanding, March 31, 1958, Excluding Interagency Loans,
Classified by Types of Loans - (Continued)
(In thousands of dollars)
Type of loan and lending agency
96
Treasury Bulletin
,
COHPORATIOBS AHD CERTAIJl OTHER BOSUtESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Gross Loans Outstanding by Periods, Excluding Interagency Loans
Part A.- Classified by Types of Loans
(In millions! of dollars)
To aid agriculture
Total
1/
Total
to aid
agriculture
To aid home
Crop, livestock, and
conmodity
loans 2/
Agricultural
credit
corporations
Total
to aid
Farm
mortgage
loans
ovnere
Fiscal years :
191*5
6,258.9
1946
5,92"* .3
19"*7
8,0511.6
10,736.1*
191*8
3,232.6
2,873.2
2,053.5
2,386.3
1949
1950
1951
1952
1953
12,278.5
12,771.7
3,81*6.7
13,689.1*
3, 67"*.
16,066.0
1951*
18,743.8
1955
1956
1957
20, 5U7. 5r
4,058.2
U, 996 .6
6,389.1
6,361.7
6,789.6
6,827.5
17,863.1*
19,1*20.5
21,812.9
3,773.3
29U .3
330.9
391.2
511.7
575.7
573.7
751.7
865.8
623.9
774.0
844.6
137.7
1*58.0
ll8.lt
236.I
158.9
233.8
2>t8.9
244.6
1,353.8
1,003.1
It 08.6
21*9.5
21*6.3
3 Ht .6
1,908.7
1,695.0
615.6
531* .2
511.0
515.9
530.1
31*3.1
1*37.7
51*9.6
319.5
304.0
318.8
1,216.5
2,1*60.5
2,23"*.
89l1.lt
2,77l*.l*
2,1*52.9
588.8
647.2
634.1
275.3
996.5
2,979.3
2,089.2
311* .2
I62.3
188.3
1*71.7
1,757.2
1,577.0
555.1
512.9
502.7
508.8
517.1
566.7
597.6
628.7
1/
l*3lt.O
1,026.9
783.7
660.2
633.2
980.O
1,315.7
1,809.4
2,387.4
2,914.2
2,203.1*
2,814.4
2,330.2 37 3,094.8
3,377.7r
392.5
It
92 .8
638.9
862.0
1,156.7
1,434.3
1,669.8
1,862.0
2,048.0
1*1*8.2
Calendar years:
1947
5,925.5
7,127.0
10,108.2
19W
12, 060.lt
19>*9
13,209.3
1950
1951
1952
13,1*13.2
l1*, 595.1
19"*5
191*6
1953
195"*
1955
1956
1957
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5r
22,755.6
3,075.2
2,884.4
2,298.9
3,632.1
I* ,362.0
3,884.1
I*, 161
.3
5,070.3
6,810.5
6,929.2
6,715."*
6,785.1»r
229.1*
269.2
332.6
It20.9
1*35.1
507.1
629.1
671.3
589.8
635.6
686.5
733.6
6,681.1
282.1
310.7
305.6
31*9.5
U29.I1
1*21
.It
290.1
387.6
1,38U.7
1,801.9
952.1*
812.8
1,1*53.8
372.6
363.8
373.7
2,954.1 1/
3,152.0
3,116.2
3,026.2
2,669.7
596.1*
2,l*ltl.6r
289. 8r
l,81t0.7
357.5
2,975.9r
2, 7l*3. Or
3,07l*.l
1,613.6
2,587.1
300. Or
345.3
360.3
It
54 .6
686.2
556.4
767.7
1,251.3
1,528.1
1, 566.lt
2,141.6
1,773.0
2,603.3
1,957.0
2,930.0
2, 134.
2,274.9
2,906.8
2,389.2 1/ 3,204.4
3,771.4r
366 .2r
4,768.6
1*01.9
559.8
741.6
1,002.9
1,316.7
Current quarters:
1957-March
31..
September 30..
1958-March
31..
21,807.1r
21,820.5
23A99.5
7,289.3r
6,1*66.5
7,60l».l
9?6.5
1.039. *
1
3,169.8
1*36.9
4,173 .9r
4,680.3
447.6
4,917.0
430. Or
698.3
Jane 195H
97
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section
I
-
Statements of Financial Condition
Table 8.- Gross Loans Outstanding by Periods, Excluding Interagency Loans
Part B.- Classified by Agencies
(In millions of dollars)
End of period
Total
1/
International
CooperaExpantion
sion of
Administration 2/ defense
prod.
Fans Credit Administration
Federal
Farm
Mortgage
Corp.
Federal
Intermediate
credit
Fed. Home
Loan Bk.
Board
HFC 10/
Expansion of
defense
prod.
CSA
Small
Business
Administratis
Public
Vorke
Direct
loan
program
Loan
guaranty
program
59.
132.3
207.
298.2
370.2
k33.3
521.3
6.9
17.2
28.3
39.5
50.8
60.5
78. 2r
106.8
(In liquidation)
Fiscal years:
1950
1951
1952
12,771.7 11/
1953
17,863.li
l,k57.2
1,529.7
1951*
18,7m. 8
1,5m .5
1955
1956
1957
19,k20.5
20,5k7.5r
21,812.8
1,691.6
1,885.5
2,111.3
13,kl3.2 11/
Ik, 595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5r
22,755.6
1,51k.
1,536.8
1,623.9
1,766.8
l,99k.6
2, 19k.
13,689.l>
16,066.0
13.1
22.3
30.3
36.5
2,233.3
2,321.6
2,388.9
2,5k7.0
2,761.8
2,773.6
2,681.5
2,630.2
2k5.1
312.1
3k3.1
32k .3
309.2
321.7
3»9.1
38k .3
52.9
39.7
57k .2
75k.
29.3
21.6
15.9
11.6
12/
865.7
823.8
773.9
2,226.5
2,296.0
2,k96.1
2,833.3
2,806.2
2,702.2
2,663.1
3,005.6
3k5.5
k2k.o
377.3
366.7
375.1
k57.1
k5k.5
k5.5
3k.
2k .9
l8.k
13 .k
510.2
633.0
673.3
590.2
637.7
11.6
12/
689.
733.6
2,638.7
2,6l9.k
3,076.7
k22.7
k30.k
k28.2
&6.6
897.7
996.5
W.2.8
816.2
652.7
718.3
675.1
1,016.9
1,173 .k
l,079.k
6.8
59.3
123.2
9k5.9
802.9
656.8
652.7
379.6
2.2
3k.9
85.1
15k .8
87.1
86.8
86.5
85.6
8k.5
83 .k
82.3
Calendar years:
1950.
1951.
1952.
1953.
195k.
1955.
1956.
1957.
7.9
19.8
23.5
38.2
3k.
l»2k.8
816.0
805.9
86k.2
951.6
867.5
l,kl6.8
1,228.2
816.0
7k3.5
67k .0
589.5
26.8
1,265.2
5k.
115.6
202.9
960.7
1,118.8
696.3
I86.9
216.0
11.0
22.7
33.7
kk.2
55.6
68.2
91.2r
112.7
16U.O
257.1
328.6
kl2.8
k63.8
6U0.k
129.2
k87.6
573.5
677.1
98. Or
117.7
lk2.9
87.2
87.1
86.7
85.9
8k .9
83.8
82.6
81.5
Current quarters:
1957-Mar. 31.
Sept. 30.
1958-Mar. 31.
21,807.1r
21,820.5
23A99.5
2,03k-9
2,139.5
2,337.7
38.8
36.5
3k.
8k0.k
997.0
l,039.k
131.5
82.
81.7
81.2
9«
Treasury Bulletin
.
COKFORATIONS AHD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 2
1/
2/
Includes $4-8,639 thousand guaranteed loans held by lending agencies.
Certain corporations and other business-type activities that have
submitted statements of financial condition have guaranteed and
insured loans which were made by private financial institutions.
These commitments are of a contingent nature and have been excluded
from their balance sheets. The major agencies that have these
contingencies and the amounts are as follows:
Activity
1/
y
Amount
(In thousands
of dollars)
International Cooperation Administration:
Foreign investment guaranty fund (December 31
1957)
Veterans' Administration:
Loan guaranty program (December 31, 1957)
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund (December 31, 1957)
Federal Housing Administration
Public Housing Administration
Agriculture Department:
Farmers' Home Administration:
Farm tenant mortgage insurance fund
Commerce Department:
Federal ship mortgage insurance fund (December 31,
1957)
Represents the remaining accountability of the United States Government in certai
and liabilities transferred from the Reconstruction Finan
Corporation effective July 1, 1954-.
The surplu
considered by the Corporation as available for future
insurance losses and related expenses with respect to insured
institutions.
This fund has
ased to exist. Final dispositi
assets has not
yet been made.
Consists of ne
from power operations of $456,102 thousand
and net expense
producing programs of $183 >910 thousand
Represents the net i. estment of the United States Government transferred from the Reco: duction Finance Corporation effective July 1,
in151 ,916
12/
17,120,81+0
11/
127 ,020
21 ,865 ,952
3 ,022 ,786
11/
ik/
ii/
156,817
16/
12'
46 ,971
equity of the United States Treasury in this fund,
Includes
ized purchase discounts amounting to $906 thousand,
Includes
transferred to municipalities and Government agencies
without reimbursement.
Includes operating and administrative expenses funds.
Includes guaranteed loans and certificates of interest aggregating
$679,338 thousand which are held by lending agencies.
Includes $5,000 thousand advanced from a revolving fund which has
been established by appropriations.
Represents invested and donated capital.
Includes net accrued interest of $1 ,219 thousand on investment in
power facilities.
Figures are as of April 4, 1958.
Figures are shown on an estimated basis.
Less than $500.
Footnotes to Table 3
1/
2/
Consists of administrative expenses, foreign aid procurements;
construction services, public buildings; and working capital fund
Figures are as of April 5, 1958.
1/
*
Figures are as of December 31
Less than $500,
»
1957, the latest available.
Footnotes to Table 4
1/
2/
3_/
it/
5/
6/
2/
Consists of certain activities that are reporting on a quarterly
basis and a semiannual basis at the present time.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Represents appropriations for salaries and expenses.
Represents assets and liabilities of the General Services Administration exclusive- of trust and revolving funds, and strategic and
critical materials.
See Table 2, footnote 2.
Includes vessels owned and under construction.
Represents funds returned to the United States Treasury from sale of
capital assets.
8/
9_/
1Q/
11/
12/
*
Represents nterest on invested capital.
Figures
ar as of December 31, 1957, the latest available
"
eludes stock of the International Bank for Reconstruct!
Development amounting to $635,000 thousand and subscription to the
International Monetary fund amounting to $2,750,000 thousand.
Includes $1,000,000 thousand due under the agreement with Germany
February 27, 1953 » and lend-lease and surplus property balances due
the United States in the principal amount of $1,915,513 thousand.
Includes loan to the United Kingdom amounting to $3,470,322
thousand outstanding.
Less than $500.
Footnotes to Table 6
1/
2/
Consists of trust revolving funds that are submitting statements on a
quarterly basis and certain trust revolving funds that are submitting
statements on a semiannual or annual basis at the present time.
Includes unrealized purchase discounts amounting to $75,847 thousand.
Footnotes to Table 8 on following page.
3_/
i/
I
2j
*
Figures are as of June 30, 1957, the latest available,
Figures are as of December 31» 1957, the latest available.
Represents transfers from States.
Less than $500.
June 195'8
99
.CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACT IVITIES.
Footnotes to Table 8
1/
2/
3_/
!i/
5/
6/
2/
8/
2/
10/
Figures on loans outstanding beginning 1956 include loans under deposit and trust revolving fund activities not Included in Table 7.
For the purpose of showing all of the Government loans outstanding,
the deposit and trust revolving fund loans have been included in
Table 8.
Includes guaranteed loans held by lending agencies.
Loans made by the Rural Electrification Administration are included
under "Other" to aid agriculture through 1955 and under "Cooperative associations" thereafter.
The major portion of the loans of the Veterans' Administration loan
guaranty program are included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter.
Figures representing loans made by the International Cooperation
Administration prior to 1952 are not available at this time.
Reports on maritime activities were not received by the United
States Treasury Department during the period from March 31, 1947,
through March 31, 1953. Reorganization Plan No. 21, effective
May 24, 1950, abolished the United States Maritime Commission and
transferred its functions into the Department of Commerce.
Figures beginning with the calendar year 1946 include the loan to
the United Kingdom.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no loans
were reported prior to December 31, 1955.
Beginning with that date,
certain mortgage notes are classified as mortgage loans.
Established in the Department of State by Executive Order No. 10610,
dated May 9, 1955, and effective at the close of business June 30,
1955, as successor to the Foreign Operations Administration.
Data
for earlier periods are for predecessor agencies.
On September 29, 1953, pursuant to the act approved July 30, 1953
U.S.C.
(15
609) , the Reconstruction Finance Corporation started
liquidation of its activities, except those carried on by the
Corporation pursuant to Section 409 of the Federal Civil Defense
Act of 1950 (50 App. U.S.C. 2261) and expansion of defense production activities carried on pursuant to the Defense Production Act
of 1950, as amended (50 U.S.C. App. 2091-2094)
which had been
transferred to the Secretary of the Treasury as of September 28,
1953, and as of the close of business on September 28, 1953,
respectively. Effective at the close of business June 30, 1954,
pursuant to Reorganization Plan No. 2 of 1954, certain functions
and related assets of the Corporation were transferred to the ExportImport Bank of Washington, the Federal National Mortgage Association, and the Small Business Administration. On July 1, 1954, the
remaining activities of the Corporation were transferred to the
Secretary of the Treasury to complete their liquidation, pursuant
to the act of July 30, 1953, as amended June 29, 1954.
The
Corporation was abolished effective at the close of business June
30, 1957, by Reorganization Plan No. 1 of 1957, and the remaining
functions of the Corporation were transferred to the Housing and
Home Finance Administrator, Administrator of General Services,
Administrator of the Small Business Administration, and the
Secretary of the Treasury.
Totals include loans of Home Owners Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December
31, 1950.
Beginning 1956 notes receivable which had previously been classified as loans are classified as other assets and are not included
in this table.
11/
lit/
11/
16/
,
11/
12/
'
12/
18/
12/
Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation) , and urban renewal loans authorized by the Housing Act of 1949, as amended (42 U.S.C. 1452 (a));
beginning December 31, 1951, college housing loans authorized by the
Housing Act of 1950, as amended (12 U.S.C. 1749); beginning December
31, 1954, loans held by the revolving fund established pursuant to
the act approved June 24, 1954 (68 Stat. 295) for liquidation of
not only Alaska housing, community facilities service, and prefabricated housing loans already included but also loans under the Farm
Security Administration program, the public war housing program, and
the veterans' re-use housing program, all three of which previously
were handled by the Public Housing Administration; as of December 31,
1955, public works planning loans authorized by the Housing Act of
1954 approved August 2, 1954 (40 U.S.C. 462); beginning December 31,
1956, public facility loans authorized by the Housing Amendments of
1955 approved August 11, 1955 (42 U.S.C. 1491 ) ; and from December 31,
1956 through September 30, 1957, community disposal operations loans
authorized by the Atomic Energy Community Act of 1955 approved
August 4, 1955 (42 U.S.C. 2301 note) and Executive Order 10657 of
February 14, 1956.
The Federal National Mortgage Association Charter Act approved
August 2, 1954 (12 U.S.C. 1716), authorized the Association to carry
on three functions consisting of management and liquidating functions
secondary market operations, and special assistance functions. Its
activities under these three functions began on November 1, 1954.
All figures in this column include the loans of the United States
Housing Act program. Also included are the homes conversion program
as of June 30, 1950, the Farm Security Administration and public war
housing programs from June 30, 1950, through June 30, 1954, and the
veterans' re-use housing program from June 30, 1953 through June 30,
1954 (see footnote 13).
Consists of the Farmers' Home Administration loan programs, the
disaster loans, etc., revolving fund, the farm tenant mortgage insurance fund , and the State rural rehabilitation funds beginning June
30, 1956. Prior to June 30, 1956, the farm tenant mortgage insurance
fund was included in the statement of financial condition of the loan
programs.
See footnotes 6 and 8.
Consists of the loan to the United Kingdom and other miscellaneous
loans, Federal civil defense loans beginning December 31, 1953, and
the loans of the Reconstruction Finance Corporation liquidation fund
beginning September 30, 1957 (see footnote 10).
The major portion of the loans are held by the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund beginning March 31, 1957, and Indian loans; Department of the Army guaranteed loans (World War II); and agencies reporting loans pursuant to the Defense Production Act of 1950, as amended (50 U.S.C.
App. 2091) , which consist of the Departments of the Army beginning
June 30, 1951, Navy beginning December 31, 1951, and Air Force
beginning June 30, 1956.
Beginning 1956 mortgage notes and sales contracts which had previously
been classified as loans are classified as other assets and are not
included in this table.
Less than $50,000.
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS.
July 1957 through June 1958
and page number
Repor ting bases
Articles:
Treasury financing operations.
Summary of Federal fiscal operations
.
ielpts and expenditures:
Receipts by principal sources
Expenditures by agencies
Expenditures by functions, fiscal years 1953 to date.
Truat account and other transactions:
Sunmary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net Investment by Government agencies In public debt securities,.
Net redemption or sale of obligations of Government agencies In
the market
Federal Old -Age and Survivors Insurance Trust Fund
unemployment Trust Fund
Railroad Retirement Account
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities
by issues (latest date March 31, 1958)
Cash Income and outgo:
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Account of the Treasurer of the United States
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
:
Debt outstanding:
Summary of Federal securlt ie s
Interest-bearing public debt
Special iasueB to U. S. Government Investment accounts
Computed interest charge and rate on Federal securities
Treasury holdings of securities issued by Government agencies.
Statutory debt limitation
Debt operations:
Maturity schedule of interest-bearing public marketable securities
issued by the U„ S. Government
f fer ings of Treasury bi lis
Summary of new money financing through Treasury bills
Offerings of marketable issues of Treasury bonds, notes, and
certificates of indebtedness
Allotments by investor classes on subscriptions for marketable
issues of Treasury bonds, notes, and certificates of indebtedness
Disposition of matured marketable Issues of Treasury bonds, notes,
and certificates of indebtedness
United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periodB, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined....
Sales by States, Series E and H combined
(Continued on following page)
June i958
.CUMULATIVE TABLE OF CONTENTS.
July 1957 through June 1958
-
(Continued!
e^L
Treas.
HJ
U.S. Treasury Dept.
10
.A2
Treasury Bulletin
1958
c.2
@FedFRASER