Full text of Treasury Bulletin : June 1961
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TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE Of THE COMMISSIONER
WASHINGTOr; 25. DC
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June i961
Table of Contents
Page
Treasury financing operations
A-1
Sununary of Federal fiscal operations
1
Budget receipts and expenditures
2
Trust account and other transactions
9
Cash income and outgo
i-t
Account of the Treasurer of the United States....
19
Debt outstanding
21
Statutory debt limitation
26
Public debt operations
27
United States savings bonds
l\^
Ownership of Federal securities
50
Treasury survey of ownership of Federal
securities
52
Market quotations on Treasury securities
56
Average yields of long-term bonds
59
Internal revenue collections
6I
Moneteury statistics
65
National bank reports
69
Capital movements
70
Corporations and certain other business-type
activities - statements of financial condition..
g2
Cumulative table of contents
114.
Note: Where calculations have been made from unrounded figures
the details may not check to the totals shown.
Ireasury nalletitt\
IZ
Reporting Bases
appear In the
Data on rooelptB, •xpendltur»«, and debt whloh
financial
"Treaaury Bulletin" are baeei largely on tw Treaaury
Treasury" and
reporte, the "Dally Statement of the United 3tatee
the
the "Monthly Statement of Reoelpte and Expenditures of
are baeed
United States aoTertment. " Certain monetary etatletloe
United States
at leaat In part on the "Olroulatlon Statement of
Where these statements are given as eources for In-
Money."
reepeotlve
dividual tables, they are cited by name only. Their
the
reporting bases are described belo«. For other data In
given In
Bulletin, Information on souroee or reporting bases Is
connection with the tables themselves.
first
The monthly statement of reoelpte and expenditures was
as
published for February 1951*, Kid replaced the dally statement
the primary source of Information on budget results and other
receipt and expenditure data olaeslflsd by type of account.
statement
At the tame tine, the dally statement was changed to a
account of the
of cash deposits and withdrawals affecting the
provided
Treasurer of the United States. Both publloatlone have
beginning
con^jaratlve figures on their respective basse from the
of the fiscal year 1953- The announcement of February 17, 195"*.
with reepeot to these reporting changes may be found In the
April
igjlt
Issue of the Bulletin.
The monthly statement shows all receipts and expenditures
Including those made from cash accounts held
outelde the United States Treasury. The Information Is compiled
from reports by the Treasurer of the United Statee and by all
of the Oovemment,
ether collecting and disbursing agencies. Including thoee agencies
whloh maintain ohecklng aooounte In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies 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 Treaeuror'e
account and In cash held outside the Treasurer's account and
changee In the public debt outstanding.
Recslpts of taxes and oustoms duties are reported 0.1 a
collections basis. Other receipts are reported partially on a
oollectlone basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the basis of
checks Issued or cash payments made by disbursing officers.
Transactions of an Intorfund or Intragovernmental nature are
Included on the same basis even though the actual Issuance of
cheokS may not be Involved. Interest on the public debt Is Included on an accrual baele beginning with figures for June 1955
and the fiscal year 1955. Prior to that. It was Included on a
due and payable basis. The eame reporting basis as that In ths
monthly statement provides the flecal year figures for the
Treasury's "Combined Statement of Receipts, Expenditures and
Balances of the United States Oovemment" and for actual receipts
and expendlturee In the "Budget of the United States Oovemment."
i960,
Beginning with the final statement for the fiscal year
budget rethe monthly statement reports totals for net
Interceipts and budget expenditures after deduction of certain
fund transactions whloh are Imoluded In the detail of both budget
receipts and budget expenditures. The transactions deducted
consist of Interest payments and minor amounts of certain other
payments made by Oovernment agencies to the Treasury. This reporting change was made In accordance with the plan stated In
It does not
the President's Budget Keeeage of January 18, i960.
Figures for earlier perlode shown
affeot the surplus or deficit.
the new reporting basle
In the Treasury Bulletin were revised to
The Interfund transactions deductIn the September i960 Issue.
payr-ents to the Treasury
ed under this procedure do not Include
Oovernment corporations for retirement of their
by wholly owned
These capital
capital stock and for dlspoeltlcn of earnings.
budget receipts and
transfers have been excluded currently from
figures for prior
budget expendlturee beginning July 1, 19t«, and
at that
accordingly
revised
were
through
1932
back
fiscal years
time.
The dally statement on the new basis was first Issued for
February 17, 195U. In the deposits and withdrawals as ahown, no
distinction Is made as to the type of accounts (budget, truet,
depoelt
etc. ). The deposits are on the basis of certificates of
cleared throu^ the account of the Treasurer of the United States.
dlsTotal withdrawals are on the basis of cheeks paid or cash
bursemsnts made out of the Treasurer's account. Some of the
withdrawal classifications shown are reported on the basis of
mailed reports of checks Issued and are adjustsd by moano of
clearing accounts to the total of checks paid. Except for
relatively minor amounts, noncash Interfund and other Intragovernmental transactions are excluded. The public debt figures
with the
In the dally statement also are on a "clearance" basis,
exception of thoee leeuance and retirement traneactlons reported
on the basis of telegrams from Federal Reserve Banks.
debt transactions are Included, however.
Nonoash
The dally statement before February 17. 195"*. covered not
only transactions cleared through the Treasurer's account but
handled
also certain Oovemment agency traneactlons which were
through commercial bank accounts, and Included noncash intsrfund
and other Intragovernmental transactions. It provided Information
similar to that In the present dally statement with respsct to the
status of the Treaeurer's aooount, and similar to that In the
«nd-of-month dally otatement with reepect to debt
present
Receipts and
Issuance, retirement, and amount outstanding.
and
expendlturee, however, were claeslfled by type of account,
the
the budget results shown In the dally statement were used as
budget
basis for reflecting the results under the President's
program as enacted by the Congrees.
the
Receipts were on the basis of deposits as they cleared
Treasurer's
Treasurer's aooount. Expenditures cleared through the
they
account were reported on two successive bases. Through 191*6
the United
were on the basis of checks paid by the Treasurer of
States.
Beginning with ISkJ
,
expendlturee made through the
facilities of ths Treasury Department's Division of Dlsbursomsnt
prinwere on the basis of cheoke Issued, while certain others,
predeoeesor
cipally those of the Department of Defense and Its
Transactions
organliatlcns, were on the basis of checks paid.
handled through commercial bank accounts, consisting of market
were as
traneactlons In public debt and guaranteed securltlee,
Interest on ths public debt was Inreported by the agencies.
cluded on a due and payable basis beginning with November 1919
and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through the
Treasurer's aooount which affect monetary^ stocks of gold and
sliver and the amounts of coin and currency In the money supply
It Is Issued later than the dally statement,
however, and the flguree are based on transactions consumaated
the reporting period even though some may not have
of the country.
during
cleared the Treasurer's account during that period.
.
June lyol
A-l
Treasury Financing Operations
June Financing
On June 2, I961, the Treasury Department
announced that It would borrow $l.g blUlon, or
thereabouts, to cover Its current cash requirements, including redemptions of the tax anticipation bills not used to pay income taxes due June I5,
and maturing June 22,
I961.
amount of the bills applied for, unless the tenders
were accompanied by an express guarsinty of payment
by an incorporated bank or trust eompemy.
Any qualified depositary was permitted to make
payment by credit in its Treasury tax and loan account for the amount of bills allotted to it for
itself and its customers up to any amount for which
This amount was borrowed through the sale
at auction on June 8, I961, of a "strip" of addi-
it was qualified in excess of existing deposits.
tional amounts of eighteen series of regular weekly
payable at their face amount at maturity without
Interest.
The bills were issued in bearer form
Treasury bills maturing from August 3, 1961, through
November 30, I96I. The new bills were issued June
l4, 1961, and were Eidditional to the bills originally
issued and maturing as shown in the accompanying
table
Tenders for the additional bills totaled
$U,673 million, of which $1,802 million was acAmount of
Issued on a discount basis, the bills will be
only, in denominations of $1,000, $5,000, |10, 000,
$100,000, $500,000, and $1,000,000.
Weekly Bills Increased during May
New issues of regular weekly Treasury bills
in May totaled $6.'^
biUion refunding $6.2 billion of
13-week and 26-week bills maturing, and providing
:
,
.
,
)tme 1961
SUMMARY OF FEDERAL FISCAL OPERATIOMS
(In millions of dollars)
Budget receipts and expenditures
Net
receipts
1/
Expenditures
1/
Surplus
deficit
(-)
Net of
trust
account
and other
transactions
2/
Net
Increase
Clearing
account,
public
etc. 2/
debt, or
in
decrease
(-)
Levels, end of period
Net
increase in
Treasurer's
account
balance, or
decrease (-)
Treasurer'
account
balance
Debt outstanding
Public
debt
Guaranteed
securities
Total
Federal
securities
Subject to
limitation
Fiscal yeBrs:
^
19*8
1949
1950
1951
1952
41,375
37,663
36,422
47,480
61,287
32,955
39,474
39,544
43,970
65,303
8,419
-1,811
-3,122
3,510
-4,017
-294
-495
99
679
-2U
U7
1953
1954
1955
1956
1957
64,671
64,420
60,209
67,850
70,562
74,120
67,537
64,389
66,224
68,966
-9,449
-3,117
-4,180
1,626
1,596
435
328
231
-194
195
1958
1959
68,550
67.915
77,7&J
71,369
80,342
76,539
-2,819
-12,427
1,224
633
-329
-50
-U5
78, 52*
81,433
80,693
84,259
-2,169
-2,826
y
l%0,w
1961 (Est )
1962 (Est.),,
.
.
6/
-507
366
483
-401
-5,994
478
4,587
-2,135
3,883
1,624
-1,462
2,047
1,839
-388
4,932
3,470
5,517
7,357
6,969
252,292
252,770
257,357
255,222
259,105
-250
-303
284
522
-523
6,966
5,189
3,115
-1,623
-2,224
-2,299
2,096
-551
331
-956
4,670
6,766
6,216
6,546
5,590
266,071
271,260
274,374
272,751
270,527
530
-6
5,816
8,363
1,625
4,159
-4,399
2,654
9,749
5,350
8,005
276,343
284,706
286,331
6/
6/
6/
73
27
20
29
46
52
81
44
74
107
101
111
UO
252,366
252,798
257,377
255,251
259,151
251,542
252,028
256,652
254,567
258,507
266,123
271,341
274,418
272,825
270,634
265,522
270,790
273,915
272,361
270,188
276,444
284,817
286,471
276,013
284,398
286,065
6/
6/
Calendar years:
'
,
1948.
1949.
1950.
1951.
1952
40,800
37,464
37,235
52,877
64,705
35,559
41,056
37,657
56,236
70,547
5,241
-3,592
-422
-3,358
-5,842
-229
-502
311
1953
1954
1955
1956
1957
63,654
60,938
63,119
70,616
71,749
72,811
64,622
65,891
66,838
71,157
-9,157
-3,683
-2,771
3,779
1958
1959
1960
68,262
72,738
79,518
199
234
87
-106
-319
-4,100
4,331
-423
2,711
7,973
1,111
471
-447
-209
-34
7,777
3,582
2,019
592
101
739
-259
267
1,092
75,349
79,778
77,565
-7,088
-7,040
1,953
4,508
6,535
8,426
6,756
6,290
6,461
4,258
5,410
June .... 10,027
July.
815
-41
252,854
257,160
256,731
259,461
267,445
252,057
256,413
256,026
258,794
266,821
-1,488
603
-635
-117
179
4,577
5,180
4,545
4,427
4,606
275,168
278,750
280,769
276,628
274,898
76
34
53
103
104
275,244
278,784
280,822
276,731
275,002
274,671
278,256
280,348
276,276
274,564
62
55
-i,Ul
224
-1,730
-691
23
-698
109
-237
154
8,(125
7,875
-581
355
622
828
4,961
5,583
6,411
282,922
290,798
290,217
109
127
156
283,031
290,925
290,373
282,607
290,513
289,971
-2,248
245
1,965
-81
279
-194
408
-470
462
2,879
-697
-3,069
957
-644
-836
5,918
5,274
4,438
285,801
285,104
282,034
106
112
119
285,907
285,216
282,153
285,484
284,793
281,732
6,427
6,149
8,503
-2,169
-739
1,524
-34
4U
74
-110
-365
-354
3,319
950
-1,597
1,531
-81
-538
5,969
5,888
5,350
285,353
286,303
284,706
107
108
111
285,460
286,410
284,817
285,992
284,398
Sept
3,212
5,654
8,463
6,523
6,280
6,334
-3,311
-626
2,129
-290
301
-27
-608
396
>,976
1,714
-2,100
486
781
399
5,837
6,617
7,017
288,682
290,396
288,296
110
111
116
288,792
290,506
288,412
288.375
290,091
287,997
Oct.
Nov.
Deo.
3,018
5,889
7,339
6,863
6,590
6,601
-3,846
-701
738
-207
-183
455
-538
-148
2,957
-664
209
-641
-1,408
615
6,376
4,968
5,583
291,253
290,589
290,798
118
124
127
291,372
290,713
290,925
290,958
290,301
290,513
1960- Jan.
Feb.
Uar.
4,867
7,237
9,580
6,157
6,142
6,423
-1,290
1,095
3,157
-379
662
-442
660
-805
919
287
-501
-3,757
-722
450
-122
4,862
5,311
5,189
291,085
290,583
286,826
130
135
138
291,215
290,719
286,965
290,804
290,309
286,556
5,064
6,550
10,891
6,032
6,073
6,521
-968
476
*,370
-137
577
249
-416
-421
1,961
579
-3,036
1,105
1,217
494
6,294
7,511
8,005
288,787
289,367
286,331
132
133
-<20
288,919
289,500
286,471
283,511
289,093
286,065
3,128
6,454
8,981
6,172
6,803
6,793
-3,044
-349
2,188
-95
-567
-124
125
2,008
-521
607
334
-249
-1,006
-1,104
2,423
6,998
5,894
8,317
288,338
288,672
288,423
157
161
288,472
288,829
288,584
288,068
288,425
288,181
6,829
6,773
6,847
-4,006
-473
796
80
368
-221
217
-663
202
2,063
-73
-197
-1,645
-841
580
6,672
5,831
6,411
290,487
Dec.
2,823
6,300
7,643
290,217
159
153
156
290,646
290,567
290,373
290,244
290,165
289,971
1961- Jan.
Feb.
Uar.
4,846
6,537
8,524
6,470
6,236
7,012
-1,624
301
1,512
-185
712
-629
408
-58
692
-181
-3,072
-1,498
4,829
6,292
4,794
290,036
290,544
287,471
160
196
211
290,196
290,740
287,682
289,
508
-1,582
-1,463
Apr.
5,125
6,450
-1,325
24
25
516
-761
4,034
287,987
219
288,206
287,809
Mar.
Apr
May
.
.
Aug
Apr
May
June*-,..
July
Aug
Sept
Oct.
Nov.
4%
112
^e:
I
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are based on
budget messages of the President dated March 24 and March 28, 1961,
and the Statement of the Director of the Bureau of the Budget before
the Joint Economic Coomlttee on March 27, 1961.
More detail for data
on this page will be found in succeeding tables.
Fiscal year figures beginning with the September 196O issue of the
Treasury Bulletin, and calendar year figures beginning vith the June
l^bl issue exclude certain interfund transactions from both net budget
re-eiptB and budget, expenditures (see pages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis.
The change does not affect the budget surplus or
5/
deficit.
i fixcesB of
•
30
24
42
54
376
-21
1959- Jan.
Feb.
,
252,800
257,130
256,708
259,419
267,391
Monthfl
i(
.
1,770
4,208
4,679
4,232
4,295
6,064
9-12.
receipts, or expenditures (-). For detail, see pages
For checks outstanding and telegraphic reports from Federal Reserve
fianksj
and the
public debt interest accrued and unpaid beginning with June
fiscal year 1955 (previously Included from November 1949 as
y
290,4M
UO
134
285, «0
^
290,340
287,284
interest checks and coupons outstandiog); also deposits In transit and
changes in cash held outside the Treasury and in certain other accounts
beginning with the fiscal year 1954. Net Increase, or decrease (-).
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The llailtatlons In
effect during the period f^overed by this table and the date when each
became effective are as follows: ^75 billion, on June 26, 1946; |28l
billion, on August 28, 1954; $278 billion, on July 1, 1956; |275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; and
295 billion, on July 1, 1959. From July 1, 1960 through June 30,
1961, the limit is te93 billion. Thereafter It will revert to $285
billion.
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 {f ) of the Economic Cooperation Act of
1948 (62 Stat. 150), are consolidated with budget expenditures.
The President's Budget messages of March 24 and March 28, 1961 did
not Include detailed estimates for these Items.
2
)
iLTune
1961
-BUICET RECEIPTS AMD ESPENDITUEES.
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars
Realiza-
DivWends tion upon
Fiscal year
and other loans and
earnings investments
or month
Sale of
RecovGoverneries and ment
refunds
property
1953.
1954.
1955.
1956.
1,865 2/
2,311
2,559
3,006
335
458
408
554
299
361
252
291
228
240
274
296
199
323
410
471
266
221
363
480
1957.
1958.
1959.
1960.
2,749
3,196
3,158
4,064
628
745
601
967
438
674
506
1,111
328
328
587
266
322
343
114
387
345
325
392
325
223
214
69
33
17
86
75
86
44
32
44
53
62
1961
1962
436
(Est.)^
(E3t.)V
1960-July
Aug
Sept
Oct
Nov
Dec
212
221
591
359
70
72
66
1961-Jaii
286
236
199
73
37
67
55
53
41
3
51
35
2,507
609
627
397
Feb
Mar
1961 to date.
27
31
lU
Treasury Bulletin
BUDGET RECEIPTS AND EXPEMDITUKES
Table 3.- Expenditures by Agencies
....
-
June lybl
.
Table 4.
BUDGET RECEIPTS AND EXPENDITURES
Interfund Transactions Excluded from Both Net Budget
Receipts and Budget Expenditures
(In millions of dollars)
Interest payments to the Treasury
1/
Fiacel
year or
month
CotniDOd-
Total
interest
1953
1954
1955
1956
1957
1958
1959
1960
154
235
181
315
1961 (Est.)...
1962 (Est ).
.
.
1960- July
August
September
.
.
467
147
228
173
297
456
46
91
60
175
340
23
28
26
25
24
567
355
694
557
342
682
421
181
465
41
46
676
667
662
654
430
43
43
30
14
30
14
October.
November
December.
1961-January.
February.
March.
April.
.
.
.
.
1961 to date..
Ity
Credit
Corp.
ExportImport
Bani of
Washington 2/
55
375
189
1
403
395
Panama
Canal
Company
Small
Business
Admin.
ity
2/
55
82
51
6
7
11
48
47
17
45
39
11
3
9
7
90
9
7
118
147
9
9
15
U
193
21
117
15
^/
10/
15
20
24
17
10
14
19
23
30
42
35
9
12
11
33
39
7
19
13
13
of
various
agencies
The 1960 figures in the Bulletin differ from those in the 1962 Budget
document because of a reclassification in the latter by which the
President's special international program in the amount of $7 million
is shifted from "Funds appropriated to the President" to "Independent
Offices,"
From 1955 through 1959, 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.
For content, see Table A. These transactions are Included in the detail
of both budget receipts and budget expenditures, but are deducted from
the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same caption
prior to the September 1960 Treasury Bulletin because of the exclusion
of certain Interfund transactions (see footnote 8).
Included in June 1959 is the additional tl,375 million subscribed by
the United States to the International Monetary Fund, pursuant to an
Of the total, $}^ million
act approved June 17, 1959 (22 U.S.C. 286e).
32
1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands
Corporation; Bureau of Federal Credit Unions beginning 1954; Civil
Defense Program Fund beginning 1954-; Farm Tenant Mortgage Insurance
Fund (Farmers' Home Administration) beginning 1956; Informational
Media Guaranty Fund beginning 1959; Federal Ship Jtortgage Insurance
Fund beginning 1%0; and St. Lawrence Seaway Development Corporation
beginning 1%0.
For net cost of Canal Zone Government, less tolls on Government vessels,
and for part of treaty payment for use of Canal Zone.
Realization on the Government's investment.
Less than $500,000.
Footnotes to Table 3.
8/
2/
banks'
franchise
tax 8/
Charges
for
audits
52
13
Source:
See Table 2.
j/ By Government agencies operated as revolving funds; on Loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
Excludes transactions under Defense Production Act.
1^ Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans through 1955, and
public facility loans beginning 1957; Federal National Mortgage Association; Public Housing Administration; and Federal Housing Administration in 1.95A.
Direct loan program.
By various agencies for programs under the Defense Production Act.
1^
Consists
of payments by:
Reconstruction Finance Corporation through
6/
^
Other
6/
7
6
7
1
1
6
Under
Defense
Production
Act j/
Federal
intermediate
credit
15
211
1
Finance
Agency
Veterans'
Administration
Reimbursement by
Panama
Canal
Company
39
3
36
42
43
and
Heme
Tennessee
Valley
Author-
11
4
4
55
33
31
Housing
11/
12/
13/
*
-
(Cont inuedl
was paid in gold (see "Monetary Statistics, "Table 3) and the remaining
$1,031 million was paid in special nonnegotiable noninterest-b earing
notes of the United States, payable on demand. Included in November
1%0 is $74 million in payment of the first of five annual installments
of the U. S. subscription to the International Development Association,
as authorized by Public Law. 86-565, approved June 30, I960 (74 Stat,
294). Of this total, $58 million was paid in special notes of the
United States, issued on a basis similar to those to the International
See also "Debt Outstanding," Table 1, and "Cash Income
Jtonetary Fund.
and Outgo," Table 6,
Beginning with the fiscal year 1961, administrative expenses of the
employment security program are handled as trust account expenditures
instead of budget expenditures, pursuant to the Bnployment Security
Act of 1960, approved September 13, I960 (74 Stat. 970); see Table 1,
footnote 12.
Totals include allowances for contingencies of $25 million for 1961
and $100 million for 1962.
Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
Less than $500,000.
Treasury Bulletin
.BUKJET PECEIPTS AND EXPEKDITOEES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of April 30, 1961
(In millions of dollars; negative figures are deductions in the columns In which they appear)
Agency
Unexpended
balances
brought
forward
July 1, 1960
1/ 2/
Additions, fiscal year 1961 to date
Increase
Appropriations
Authorizations
to expend from
debt receipts
Transfers,
borrowings
investments
6/
Other
authorizations
-16
126
140
3
52
72
124
52
72
2,039
10,647
2,039
10,837
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans
Unclassified expenditure transfers
30,660
2,270
369
41,276
1,800
976
41,276
1,800
976
1,225
424
27
11
373
92
6,296
81
3,415
821
297
1,047
926
267
9,987
3,415
824
297
1,047
926
267
9,987
73
73
Total
72,260
80,166
47
2,935
13,902
296
8,937
3,716
469
5M
345
4,776
695
5U
1,366
577
Expenditures
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Conimerce Department
Defense Department:
Military functions
Military assistance
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
Total.
Deduct interest and other payments by Government agencies to
Treasury included above which are also included in budget
receipts
Total budget expenditures.
93
43
58
,510
,470
306
429
,573
422
,364
,057
780
it
,041
674
237
357
713
217
8 ,397
38
Rescissions,
cancellations,
and other
adjustments 7/
51
5
797
7
5
2,U4
9
1
1,861
5,358
7
Deductions, fiscal
year 1961 to date
Agency
150
50
702
-9
-50
-1
138
Unexpended balances April 30, 1961
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorisations
Investments
held
8/
Total 2/
,
-
t
June 1961
-BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
1961 through April
Function
code
number
1956
1957
1958
1960
Expenditures
Unexpended
balances end
of period
1/
Major national security:
Military defense (military functions)
Military assistance
Development and control of atomic energy.,,
Stockpiling and defense production expansion
Total major national security
061
062
066
35,791
2,611
1,651
588
38,439
2,352
1,990
490
39,062
2,187
2,268
625
41,233
2,340
2,541
312
40,641
43,270
44,142
46,426
120
1,613
111
157
1,583
133
173
237
1,910
U9
3,403
139
1,843
1,973
2,231
3,780
767
123
,798
105
788
176
774
126
2,870
47
801
574
177
3,275
175
699
168
3,104
43
856
156
4,756
4,793
5,026
475
1,457
351
281
458
1,797
546
319
31
169
400
1,558
469
292
71
32
201
2,821
3,022
3,4^7
351
352
353
3,900
231
217
3,430
227 2/
267
3,151
239
354
355
305
374
215
227
067
,,
,
International affairs and finance;
Conduct of foreign affairs
Economic and financial assistance 2/.. ••
Foreign information and exchange activities
....,,
,
,,.
151
152
153
Total international affairs and finance
Veterans' services and benefits:
Veterans' education and training. 2/
Other veterans' readjustment benefits
Veterans' compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
101
102
103
104
105
106
^
Total veterans' services and benefits
,
Labor and welfare:
Labor and manpower
Public assistance
.,
Promotion of public health
,,
,
Promotion of education 2/
Promotion of science, research, libraries, and museums 6/.
Correctional and penal institutions
Other welfare services and administration 2/
,
>
Total labor and welfare
211
212
213
2M
,
215
216
,
217
,
56
72
34
221
Agriculture and agricultural resources:
Stabilization of farm prices and farm income j/
Financing farm ownership and operation 8/
Financing rural electrification and rural telephones
Conservation and development of agricultural land and
water resources 2/,..
Research, and other agricultural services 2/
4,867
Total agriculture and agricultural resources
297
448
255
4,525 2/
4,389
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water resources.
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration. .....
401
402
403
404
405
409
Total natural resources
35
925
163
62
51
59
38
1,138
174
59
60
69
43
1,105
1,297
1,54^
420
365
40
219
76
518
49
60
-60
803
139
38
45
44
Commerce, housing, and space technology:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Postal service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/.......
Regulation of commerce and finance
Civil and defense mobilization
Disaster Insurance, loans, and relief 13/
....
••.•...••.•..
••.......
—
.............
510
511
512
513
514
515
516
517
518
519
520
521
180
71
463
4
31
19
-83
41
58
43
2,030
Total conmerce, housing, and space technology
General government:
Legislative functions
Judicial functions
Executive direction and management.,.,
Central fiscal operations
General property and records management
Central personnel management and employment costs M/ • •
Civilian weather services
Protective services and alien control
Territories and possessions, and the District of Columbia
Other general government
—
•
Total general government
783
601
6CE
603
604
605
606
607
608
609
610
77
38
9
475
164
334
34
188
72
W/
59
45
65
21
1,455 la^
90
40
9
476
194
627
38
238
187
77
51
1,630
1,790
392
31
315
89
674
78
51
228
115
49
66
21
2,109
88
44
10
502
239
140
39
199
75
20
1,359
35
921
Treasury Bulletin
.
BUDGET RECEIPTS AND EXPENDITUFES
Table 6.- Expenditures and Balances by Functions
(Fiscal years; in millions of dollars)
-
(Continued)
I
June 1961
.TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Treasury Bulletin
10
TKUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
.
June 1961
11
.
TRUST ACCOUNT AND OTHER TEAHSACTIONS
Table 4.- Net Investment by Government Agencies In Public Debt Securities
12
Treasury Bulletin
.TRUST ACCOUNT AND OTHER TRANSACTIONS-
Table 5.- Net Redemption or Sale of Obligations of Government Agrencles In the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
guaranteed
-72/
25
1953
1954
1955
1956
1957
,
,
,
1958
1959
1960
,
-602
-173
-1,085
-567
-71
-1,023
1961 (Est.) 5/
1962 (Est ) 2/
.
1960-July
August
September
-23
.
October.
November
December.
.
.
1961-January.
February.
March.
.
.
April
.
.
132
V
-29
37
-30
-33
6
-10
-29
Federa
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corpo-
ration
Trust
enterprise
fund
D. C.
stadium
fund
Securities not guaranteed by the United States
Total not
guaranteed
Total
public
and trust
enterprise
funds
Public enterprise funds
Federal
intermediate
credit
banks 1/
Federal
National
Mortgage
Association 2/
Home
Owners'
Loan
Corporation
e
fune 1961
13
CASH mCOME AND OUTOO
The cash Inoome and outgo data appearing In the
Treaeury Bulletin,
beginning with the February I956
leeue, are on a baele coneletent with reoelpte froo and
payoente to the public ae derived in the 1937 and sub-
Major Intragovemasntal transaotlona which are reported ae
sequent Budgets of the United States, Special Analysis A.
Reoonclllatlon to cash deposits and withdrawals In the
from expenditure* but are added later when aetual payment*
account
of.
the Treasurer of the United States Is shown on
the sane baele as In the Budget documents.
There Is also
shown the amount of net cash borrowing from, or repayment of
borrowing to, the public.
By these urrangements,
data In
acoordanoe with the Budget classifications are made avail-
able month by month.
Figures for back years have been
both expenditures and reoelpte are eliminated from both.
Nonoaeh Iteaa lAiloh represent asorued obllgatlt>ns of the
Oonnaent
te make peTnents la the future are aleo ellmlnateA
are made. Reoelpte from the eaerelee of aonetary authority
(mostly seigniorage on ellwerj are exoluded as not
representing oaeb 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 Oovemment agencies and Oovemnent-sponsored
enterprises
through
sales of tbelr own securities.
revised where necessary In order to make them as nearly
It excludes changes In the public debt which do not rep-
comparable with current Budget classifications as availFor this reason certain of the
able data will permit.
reeent direct cash borrowing from the public. The net
effect of all these transactlone with the public Is
reflected In changes In the balance In the Treaeurer's
figures differ somewhat from those published In earlier
Budget documents ae well as In the Bulletin.
account and In cash held outside the Treaeury.
The Budget eerles of cash transactions is designed
Cash transactions through the Treasurer's account are
to provide Information on the flow of money between the
similar In general concept to those Included In the Budget
public and the Federal Oovemment as a whole, and therefore
Includes transactions not cleared through the Treasurer'
affect the balano* in that account.
Reoelpte and paymente Include transactions both
In budget accounts and In trust and deposit fund accounts.
Operations of Oovemment-sponsored enterprises are Included
account.
In paymente on a net basis as reflected In Treaeury reports.
eerles, but are
Halted
In coverage to transactions whieh
On the other hand,
they Include reoelpte from the exercise of monetary
authority, which are excluded froa receipt* from the public
In the Budget series.
Treasury Bulletin
11*
.
CASH INCOME AJ© OUTGO
.
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Fiscal year
or month
June 1961
15
.CASH INCOME AMD OUTGO
Table 3.- Derivation of Federal Government Recelptt from the Public, and
Reconciliation to
Cash Deposits In the Account of the Trsaeurer of the United States
(In millions of dollars)
Treasury Bulletin
16
.
CASH INCOME AND OUTGO
.
Table 5.- Intragovernmental Transaction* Excluded from Both Receipts and Payments
(In millions of dollars)
,.
June 1961
17
.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
Fiscal year
or month
1953
W5<i
1955
1956
1957
1958
1959
1960
1961 (Est
1962 (Est
.
)
.
)
1/
y
1960-July
August
September
.
,
.
October.
November
December.
.
.
1961-January.
February.
.
March
April
.
.
.
Public debt
Treasury Bulletin
10
CASH INCOME AND OUTGO
Footnotes to Table 3
1/
2/
3/
All previously published figures were revised in the September 1960 Bulletin
to take account of the deduction of certain interfund transactions from both
net budget receipts and budget expenditures, to accord with the new reporting procedure outlined in the President's Budget message of January 18, I960,
(see pages 2 and 4,), Formerly such transactionB were included in the intragovernmental transactions which were deducted in deriving receipts from and
payments to the public.
Treated as noncash refund deductions from receipts when issued and as cash
refund deductions when redeemed.
Consists of seigniorage and the 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.
Figures in this column differ from those published prior to
the September 1960 Treasury Bulletin because a few additional
items of budget receipts which are also budget expenditures
are Included in the interfund transactions deducted from
budget receipts and budget expenditures (see footnote 1),
Less than $500,000.
Footnotes to Table 4
1/
2/
See Table 3, footnote 1.
Net 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 expenditures for operations are shown in this table in terms of the combined net of disinvestment
in Federal securities and sale 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.
2/
^
5/
6/
See Table 3. footnote ^.
Not reported prior to 195-4.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired
securities amounting to $1,643,070 (par value).
Footnotes to Table 5
1/
2/
3/
4/
Includes reimbursement by Federal Old-Age and Survivors Insurance Trust Fund
and Federal Disability Insurance Trust Fund for administrative expenses,
and beginning with 1959 for refunds of taxes (treated as an offset to refunds rather than being credited to receipts); 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 Treasury after December
1956 and before January 1959.
Consists of payment of franchise tax by banks for cooperatives beginning
1955, and also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by trust
funds and Government-sponsored enterprises. Beginning with fiscal year 1958
excludes deductions from salaries of District of Columbia employees (see
footnote 5), and beginning with fiscal year 1959 excludes voluntary contrlbutions
Consists of payments to eii5)loyees' retirement funds representing United
States and Government corporation shares of contributions payments to the
Railroad Retirement Account (for creditable military service), the
;
5/
6/
*
Unemployment Trust Fund, veterans' life Insurance funds, Judicial Survivors Annuity Fund, trust fxmd for technical services
and other assistance under the agricultural conservation program, and District of Columbia; and awards of Indian Claims
Commission.
Includes payment by District of Columbia to the Civil Service
retirement fund for its share of contributions, and be^'lnnlng
with 1958 also deductions from its payroll; financial ad,'ustr:ienLs
among Railroad Retirement Account, Federal Old-Age and Survivors
Insurance Trust Fund, Federal Disability Insurance Trust Fund,
and Unemployment Trust Fund; transfers from Civil Service retirement fund to Foreign Service retirement fund from 1955 through
1957; and transfers from Railroad Unemployment Insurance Administration Fund to Unemployment Trust Fund through 1955.
Figures in this column differ from those previously published
because budget receipts which are also budget expenditures are no
longer included; see Tables 3 and A.
Less than v5D0,000.
Footnotes to Table 6
1/
2/
3/
4/
5/
Accrued discount on savings bonds and bills less interest paid on savings
bonds and bills redeemed.
F*ublic 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 1954, consists only of public debt Interest checks and
coupons outstanding; net Increase, or decrease (-). Not reported as a separate clearing account prior to 195A.
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 matured in 1945.
Issued in 1947 In payment for acciiraulated leave. The last of these bonds
matured in 1951.
6/
2/
i/
parts of the United States subscriptions to the International
Monetary Fund (see 1947 Annual Report of the Secretary of the
Treasury, pages 46, 350, and 385) and the International Development Association were paid in nonnegotiable, noninterest-bearing
In June 1959
notes of the United States, payable on demand.
notes amounting to $1,031 million were issued to the Fund as part
by
an act approved
authorized
subscription
of the additional U. S.
In November 1960 notes amounting to $58 million
June 17, 1959,
were issued to the International Development Association as part
See
of the first annual installment of the U. S. subscription.
"Budget Receipts and Expenditures," Table 3, footnote 10.
Cheeks outstanding less deposits in transit, and changes, in
other accounts; net increase, or decrease (-). For 1953 includes
also public debt interest due and untaid (see footnote 2).
See Table 1, footnote 2.
Less than *500,000.
Footnotes to Table 7
1/
2/
^^
in accordance with treatment in Budget documents, net investment in United States securities by Government-sponsored
enterprises includes a small amount by other enterprises regarded as representing net transactions with the public. In Table 4 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
$1,643,070 (par value) and donation of securities amounting to .(>45,800
(par value).
See Table 1, footnote 2.
....in the
.1.
4
prinincluded
Accrued discount on savings bonds and bills, which Is
bonds and bills
cipal of the public debt, less interest paid on savings
redeemed.
In this table, beginning 1954,
^
8/
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 as
expenditures in Table 6.
Excluded from borrowing because the transactions are treated as
deductions from receipts in Table 3.
Market transactions in public debt securities and agency obliga-
«
tions.
Less than ^500, 000.
)
§/
2/
June 1961
19
.ACCOUNT OF THE TREASDRHl OF THE UNITH) 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.
As the balances in these accounts become depleted, they are restored by calling in (transferring)
funds from the tax and loan accounts with thousands of
commercial banks throughout the country.
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.
The tax and loan account system permits the Treasury
to leave funds In banks and In the oom-uunltles In which
they arise until such time as the Treasury needs the funds
for Its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its fluctuating operations
on bank reserves and the economy,
applicable to all banks whereby customers of banks deposit
with them tax payments and funds for the purchase of
(Jovernment securities.
In most cases the transaction
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
Itivolves merely the transfer of money from a customer's
of the Treasury for 1955,
pages 275-2S4.
Table 1.- Status of the Account of the Treasurer of the United States
Treasury Bulletin
20
ACCOUNT OF THE TREASURHl OF THE DNITH) STATES.
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
.
.,.
June lyoi
21
.DEBT OUTSTANDING.
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Interest-bearing debt
Guaranteed
securities
Public
debt
y
266,123
271,341
274,418
272,825
270,634
265,071
271,260
274,374
272,751
270,527
1958
1959
1960
276,444
284,817
286,471
276,343
284,706
286,331
1959-December.
290,925
290,798
1960- July
August
September
288,472
288,829
288,584
288,338
288,572
288,423
134
October.
November.
December.
290,645
290,567
290,373
.
.
.
1961-January.
February
Uarch. ,
.
April
.
.
Public debt
Special notes to -
Monetary
Fund
2/i/
1953
1954
1955
1956
1957
.
Matured debt and debt bearing no interest
Guaranteed
securities
^
Development
Association
Other
6/
253,997
268,990
271,785
259,956
258,592
263,945
258,910
271,741
269,883
268,485
80
43
73
106
2,126
2,351
2,634
2,859
2,042
2,125
2,350
2,633
2,868
2,042
298
437
589
666
529
1,302
1,411
1,567
1,742
1,058
274,798
281,944
283,380
274,598
281,833
283,241
101
110
139
1,646
2,873
3,090
1,546
2,873
3,090
597
475
445
618
1,979
2,238
430
417
407
287,830
287,704
3,095
3,094
2,065
411
157
161
285,418
285,790
285,519
285,285
285,634
285,358
133
155
160
3,055
3,039
3,066
3,053
3,038
3,065
350
2,258
2,250
2,314
404
402
401
290,487
290,414
290,217
159
153
155
287,530
287,290
285,975
287,372
287,138
286,820
158
152
155
3,116
3,277
3,397
3,115
3,276
3,395
359
459
2,359
2,458
2,469
290,195
290,740
287,682
290,036
290,544
287,471
150
195
211
286,810
287,384
284,258
285,651
287,190
284,058
159
195
3,386
3,356
210
3,4W
3,385
3,354
3,41;
429
399
420
2,498
2,498
2,535
58
400
399
400
288,206
287,987
219
284,849
284,531
218
3,357
3,356
352
2,549
58
397
52
81
44
74
107
101
111
140
Daily Treasury statement.
Source:
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to the
Treasury (see Table 6).
j/ Held outside the Treasury.
51
^
^
6/
381
376
345
Guaranteed
securities
(matured)
y
525
502
477
460
444
58
58
58
58
401
401
.<01
Consists of Federal Housing Administration debentures, and also D. C.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund and the International Development Association in payment of part
of the U. S. subscription to each (see "Budget Receipts and Expenditures,
Table 3, footnote 10).
For current month detail, see "Statutory Debt Limitation," Table 2.
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Treasury Bulletin
22
.DEBT OUTSTANDinG.
Table 3.- Interest -Bearing Public Debt
.
. .
June 1961
23
.DEHT OUTSTANDHG-
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
Fedeji^l
End of fiscal
year or month
Deposit
Insurance
Corporation
40,538
42,229
43,250
Federal
Disability
Insurance
Trust
Fund
Federal
home
loan
banks
Federal
Old- Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
Government HighLife
vray
Insurance Trust
Fund
Fund
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
1957,
46,827
846
892
835
673
718
1958,
1960,
46,246
44,756
44,899
673
629
694
1959-December
43,506
629
1960-July.
August
September
44,198
45,222
44,977
646
645
645
2,007
2,082
2,108
50
50
50
15,906
16,403
16,285
93
91
93
9,492
9,541
9,593
1,102
1,096
1,092
October,
November
December
44,275
44,561
44,346
602
610
618
2,092
2,113
2,093
50
50
50
15,816
15,872
15,782
99
103
107
9,662
9,726
9,774
1,086
1,083
1,078
5,769
5,767
5,760
3,387
3,375
3,335
5,567
1
56
5,547
U7
1961-January.
February
March.
43,824
43,727
44,001
647
2,077
662
622
2,091
2,183
342
281
166
15,342
15,238
15,902
112
116
122
9,842
9,915
9,983
1,074
1,053
72
71
5,754
5,650
1,056
71
5,619
3,254
3,225
3,199
5,159
5,273
4,899
150
152
180
43,012
567
2,177
10,039
1,052
5,620
3,113
4,343
1953,
1954,
1955
1956
45, lU
1959
.
April.
52
50
15,532
17,054
18,239
19,467
19,463
61
84
94
103
103
5,602
5,854
6,168
6,667
7,394
1,299
1,234
1,233
1,217
1,200
165
165
59
18,610
17,227
16,413
112
116
104
7,73s
8,608
9,397
1,144
1,127
1,107
165
15,864
50
232
200
325
996
1,533
2,017
404
822
429
1
8,893
15,593
Source:
Daily Treasury statement.
1/ Consists of Canal Zone Postal Savings System beginning April 1958.
Farm Tenant Mortgage Insurance Fund (through March 1956)
Consists
of:
2/
3,128
3,345
3,486
3,600
3,475
8,287
8,024
7,479
7,737
7,995
24
79
112
123
5,665
5,742
5,803
3,531
3,417
3,586
6,571
5,635
5,580
120
126
138
5,692
3,401
5,794
134
5,795
5,790
5.779
3.513
3,500
3,479
5,452
5,883
5,710
140
141
144
5,7U
145
146
5,249
5,272
5,346
5,481
5,570
452
213
91
6
5
32
Adjusted Service Certificate Fund (throxigh December 1956), various
housing insurance fimds, and Veterans' Special Term Insurance Fund,
Less than $500,000.
Treasury Bulletin
21^
.HEBP OOTSTAHDUG,
Table 6.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
,
.
June 1961
25
.nEHT OTTTSTANDIBG-
Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In milllonG of dollars)
Federal National
Mortgage Aflaoclation
End of fiscal
year or month
Banks for
cooperatives
Federal
home loan
banks 1/
Federal
Intermediate
credit banks
1953
1.9H
1955
1956
1957
2,003
1,967
2,876
3,889
5,013
110
120
110
133
179
251
115
341
929
738
781
725
793
1958
1959
1960
5,«3
6,708
8,^07
199
284
330
7,917
August
September
Federal land
banks 2/ 2/
Uanagement
and liquidating Issues
All other
issues
834
924
861
1,007
1,061
1,322
1,552
570
570
570
100
1,050
456
992
1,259
1,159
1,456
1,600
1,646
1,888
2,137
797
797
797
1,165
1,290
2,284
364
1,774
1,356
1,986
1,640
8,502
7,803
7,726
330
330
346
1,275
1,272
1,167
1,646
1,670
1,665
2,137
2,137
2,137
2
October
November.
December.
7,862
7,880
7,911
389
389
407
1,266
1,266
1,266
1,592
1,516
1,454
2,179
2,179
2,210
1961-January.
February.
7,765
7,602
407
1,1U
March
7,«9
404
404
942
829
1,438
1,478
1,519
2,210
2,210
2,210
April
7,417
402
817
1,590
2,281
1959-December
.
1%0-July
.
.
.
.
,
.
Source:
Mote:
2/
Office of Debt Analysis and agency reports.
The securities shown in the table are public offerings.
The proprietary interest of the United States in these banks ended
in July 1951.
Tennessee
Jalley
Authority
Treasury Bulletin
26
•
STiTDTORT DEBT LIMITATION.
The Second Liberty Bond Act ( 3I ) U.3.C. 757 (b), ae
amended by an act approved June 30, 1959, provides that
the face amount of obligations Issued under authority of
that act, and the face amount of obligations guaranteed
as to principal and Interest by the
United States (except
guaranteed obligations held by the Secretary of the Treasury), shall not exceed In the aggregate $285 billion out-
atandlng at any one time. The corresponding limitation
In effect under the act of June 26, 191+6, was 5275 billion
and that under the act of September 2, I95S, was J2S3 blllion.
In addition, temporary increases have been authorIzed as follows:
$G billion beginning on August 28,
195''-.
and ending on June 30, I956 (aote approved August 28, 1951V,
and June 30, I955); 33 billion beginning on July 1, 195^,
and ending on June 3°. 1957 (act approved July 9, 1956);
I5 billion beginning on February 26, 1953, and ending on
June 30
,
I959 (act approved February 25, 195S); $10
billion beginning on July 1, 1959. and ending on June 30.
i960 (act approved June 30, 1959); and $8 billion beglnnlng on July 1, I96O, and ending on June 30, I96I (act
approved June 30, i960). Obligations issued on a dlecount basis, and subject to redemption prior to maturity
at the option of the owner, are included in the stat-
utory debt limitation at current redemption values.
Table 1.- Status under Limitation, April 30, 1961
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.C. 757 b), as increased temporarily by the act of June 30, 1960
293,000
Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities Issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury
287,590
219
287,809
Total amount of securities outstanding subj'ect to statutory debt limitation
5,191
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
OutEtandlng April 30, 196 1
(In millions of dollars)
Subject to
statutory debt
limitation
Class of security
Public debt
Interest-bearing securities:
:
Marketable:
Treasury bills
Certificates of indebtedness
Trea sury notes
Trea sury bonds
Panama Cana 1 bonds
38,213
11,503
57,518
80,864
188,098
Tota 1 marketable
Noninarketable:
savings bonds (current redemption value)
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
U. S.
121
5,9U
16
53,471
Total nonmarketable
Spec ia 1 issues to Government agenc ies and trust funds
43,012
284,581
Total interest -tea ring securities
Matured securities on which interest has ceased
350
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
United States notes (less gold reserve
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
51
1
2,549
58
2
Total debt bearing no interest
;otal public debt
jda ranteed securities:
1/
Interest-bearing
Mit ured
Total guaranteed securities
Total public debt and guaranteed securities
Source:
Daily Treasury statement.
1/
Held
Not subject to
statutory debt
limitation
Total
outstanding
June lybl
27
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of IntereBt-Bearlng Public Marketable Securities
OutBtandlnK April 30, 1961
Other Than Regular Weekly Treasury Bills
Treasury Bulletin
23
PtJBLIC
DEBT OFEEIATIONS
Table 1.- Maturit y Schedule of Interest-Bearing Public Marketable Securities
Outstanding April 30, 1961
Other Than Regular Weekly Treasury Bills - (Continued)
(In millions of dollars)
-lur-^e:
Daily Treasury statement and Office of Debt Analysis in the Office
of the Secretary.
Except partially tax-exempt bonds, which are shown at earliest call
date. For date of issue of each security, see "Market (Stations."
2/
2/
•
Income is wholly exempt from income tax.
Income is partially exempt from Income tax.
Leas than *500,000.
June 1961
29
PUBLIC DEBT 0HRATI0N5
Table 2.- Offerings of Treasury Bills
(Amounta ha millions of dollara)
Description of nev Issue
Isau3 date
Number of
days to
maturity i/
Maturity
date
Amount of bids accepted
.Amount of
bids
tendeied
Total
amount
On conpetltive basis
On noncompetitive basis
^
In
exchange
Amount
imturlng on
issue date
of Dew
offering
Total of
unmatured
issues outstanding after
new issues
Regular weekjy bllla
1961- Feb.
2
Feb.
9
Feb.
16
Feb.
23
Mar.
Mar.
Mar.
Mar.
2,056.8
1,082.3
1,100.9
500.4
892.7
458.6
208.1
41.8
125.3
52.9
1,000.6
400.0
13,908.6
12,515.3
Aug.
91
182
1,945.2
1,061.3
1,100.2
500.2
899.7
461.0
20C.5
39.1
180.1
52.5
1,100.4
500.0
13,908.4
12,515.4
May
91
2,036.2
1,286.7
1,101.2
500.4
891.2
45'8.4
210.0
42.0
160.3
52.0
1,101.3
500.3
13,908.3
12,515.5
1,100.8
500.1
860.7
448.5
240.1
51.7
61.4
42.6
1,102.2
50(J.9
13,906.9
12,514.8
May
Aug.
182
May
91
Aug.
182
2
June
Aug.
91
182
2,083.2
1,053.3
1,001.0
500.1
799.0
456.4
201.9
43.7
70.4
42.0
1,000.7
505.7
13,907.2
12,509.2
9
June
Sept.
91
182
1,994.4
1,201.6
1,092.4
500.3
872.0
450.1
220.5
49.7
85.9
42.0
1,100.1
500.6
13,899.5
12,508.9
16
June
Sept.
15
91
14
182
1,930.6
812.7
1,099.9
500.0
859.9
449.0
240.1
51.0
95.5
17.5
1,098.4
500.1
13,901.1
12,508.8
23
June
Sept.
23
21
92
182
1,952.7
1,033.8
1,094.9
500.1
839.6
440.6
255.3
59.5
Ul.l
52.9
1,101.4
500.3
13,894.6
12,508.6
June
Sept.
30
28
91
182
1,923.9
1,046.4
1,099.9
500.1
923.1
464.1
176.3
36.0
118.3
41.6
1,000.9
500.0
13,993.6
12,508.7
91
182
1,915.8
1,048.1
1,100.1
500.1
923.3
463.0
176.8
37.2
103.9
43.3
1,000.9
500.1
14,092.9
12,508.7
91
183
2,000.1
1,118.3
1,100.8
500.4
868.3
450.9
232.5
49.4
83.0
42.9
1,000.4
500.5
14,193.2
12,508.6
1,934.1
1,142.1
1,100.3
400.3
856.1
343.5
244.2
51.8
63.3
22.0
1,100.5
401.1
U, 193.0
2,080.8
1,027.9
l,ll?0.3
191.8
U.8
109.2
32.2
1,100.5
400.1
U,193.3
400.1
909.0
355.3
12,507.9
1,100.7
500.3
920.6
463.3
180.0
37.0
153.8
55.5
1,100.9
400.1
U, 193.1
12,608.0
30
Apr
6
Apr.
91
182
2,005.1
1,180.9
Mar.
.
1961-Uay
Aug.
13p
July
6
Oct.
5
July
Oct.
13
13
July
20
Oct.
19
91
132
27p
July
Oct.
27
91
26
182
Ap
Aug.
Nov.
3
2
91
182
2,087.0
949.6
Up
Aug.
10
9
91
182
1,876.9
1,115.3
1,100.6
500.4
903.2
463.1
197.4
37.2
180.8
51.9
1,100.2
400.2
U,193.5
May
18p
Aug.
Nov.
17
91
182
1,100.0
500.7
872.0
448.7
223.0
52.0
170.5
52.0
1,101.2
500.0
U,192.3
16
2,012.1
1,201.4
May
25p
Aug.
Nov.
2A
2A
91
183
2,047.7
966.0
1,100.4
500.2
890.3
450.3
210.0
49.9
32.5
1,100.8
501.8
14,191.8
12,707.2
24A
5,442.7
3,503.8
2,889.0
614.7
172
3,896.4
1,502.9
2,282.2
220.7
365
365
2,000.8
1,500.5
1,502.2
1,321.0
1,311.7
112.0
179.5
190.5
1,501.7
2,000.5
1,353.4
1,821.6
U8.3
178.9
Apr.
Apr.
May
May
20p
Nov.
66.1
12,507.8
12,708.1
12,708.9
Tax anticipation bills:
1960-Oct.
21
1961-Apr.
3
1961-June
Sept.
3'5"-Zy
5,006.7
127.5
120.5
15.7
2,003.3
2,000.9
2,006.6
7,512.0
7,011.6
6,507.2
92.1
186.0
1,503.7
2,000.8
6,505.1
6,504.8
Cither bills:
1960-Apr.
July
15
15
Oct.
17
1961-Jan.
Apr.
15
15
Apr.
Oct.
15
15
16
364
2,856.8
3,035.6
3,301.9
1962-Jan
Apr.
15
15
365
365
3,078.0
4,116.5
July
For 13-week issues, tenders for $200,000 or less, and for 26-week
issues, beginning June 11, 1959, tenders for $100,000 or less,
from any one bidder are accepted in full at average price on
accepted competitive bids; for other issues, the corresponding
amount is stipulated in each offering announcement.
2/ March 22, 1961, maturity.
(Continued on following page)
Source:
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance" basis in
daily Treasury statement.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
2/
Treasury nuUetin
30
PUBLK DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills - (Contlnuedl
On competitive bids accepted
On total bids accepted
Issue date
Average price
per bimdred
Regular weekly billet
1961-Feb.
2
Feb.
9
Feb.
16.
Feb.
23
Equivalent overage
rate i/
High
Price per hundred
Equivalent rate i/
5/
2.263
2.476
2/
2.322
2.530
2.299
2.497
99.428
98.748
2.374
2.566
99.413
98.721
1.98.659
2.462
2.652
99.384
98.666
f 99. 369
198.641
2.496
2.688
99.383
98.657
2/
2.441
2.656
f99.344
198.595
2.594
2.779
99.352 W/
98.612 11/
2.564
2.745
f99.372
\98.648
2.485
2.674
99.376
98.652
2.469
2.666
f99.«9
198.738
f 99. 400
198.703
f99.
378
2.437
2.639
Mar.
2...
Uar.
9...
Har.
16...
[99.405
198.759
2.352
2.455
99.411
98.768 12/
2.330
2.437
Uar.
23...
/99.4I8
198.751
2.278
2.471
99.426
98.768
2.246
2.437
Uar.
30...
I99.395
198.698
2.392
2.576
99.405
98.716
2.354
2.540
Apr.
6..
f 99. 376
\98.656
2.470
2.658
99.384
98.666
Apr.
13p.
f99.403
198.701
2.361
2.556
99.410
98.708
2.334
2.542
Apr.
20p.
f99.421
\98.758
2.292
2.457
99.427
98.762
2.267
2.449
Apr.
27p.
/99.448
\98.837
2.185
2.300
99.451 14/
98.842
2.172
2.291
f99.419
198.778
2.299
2.417
99.428
98.800
2.263
2.374
ly
2.437
2.639
May
4p.
May
lip.
f 99. 436
\98.775
2.232
2.423
99.444
98.786
1^
2.200
2.401
May
18p.
f99.428
198.769
2.264
2.435
99.440
98 .'775 16/
2.215
2.423
May
25p.
f 99. 405
198.744
2.354
2.470
99.411 12/
98.756 18/
2.330
2.447
Tax anticipation bills:
1960-Oct.
21
98.110
2.788
98.205 23/
2.648
1961- Apr.
98.818
2.473
98.863 2Q/
2.380
95.328
96.690
96.834
4.608
3.265
3.131
.5.500 21/
96.740 22/
96.891
4.438
97.283
97.134
2.679
2.827
97.318
97.171 22/
2.645
2.790
3.
Other bills:
1960-Apr.
15.
July
15.
Oct.
17.
1%1-Jan.
15.
Apr.
15.
V
5/
6/
7/
8/
2/
W/
11/
12/
IJ/
ii/
15/
Bank discount basis,
Except tl, 200,000 at 98.800, and $600,000 at 98.760.
Except $100,000 at 99.431, and $150,000 at 99. 4U.
Except $100,000 at 98.738.
Except $588,000 at 99.400, and $400,000 at 99.396.
Except $300, ceo at 99.393.
Except $300,000 at 99.365, and $200,000 at 99.364.
Except $200,000 at 98.635.
Except $1,010,000 at 98.796, and $264,000 at 98.776.
Except $465,000 at 98.725, and $100,000 at 98.670.
Except $750,000 at 99.460.
Except $100,000 at 98.794.
Price per hundred
3.215
3.075
Equivalent rate i/
(Percent)
(Percent)
(Percent)
99.4M
98.730
June i96l
31
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
O^ollar amounte in mlllionB)
Description of isaue
Is BUS
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
aocepted
Average rate
on bids
accepted 1/
New money
increase , or
decrease {-)
(I^rcent}
1953-Apr.
23.
1953- July
23
91
t 2,202
t 1,501
2.320
»100
7.
6
20
91
91
91
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
200
200
200
May
Hay
May
21.
28.
Aug.
Aug.
Aug.
June
June
June
June
U<
11.
IB.
25.
Sept.
Sept.
Sept.
Sept.
10
17
2i
91
91
91
91
1,782
2,290
2,207
1,985
1,500
1,400
1,501
1,500
2.416
2.323
2.228
1.954
199
198
300
300
July
July
July
2.
9.
16.
Oct.
Oct.
Oct.
1
8
15
91
91
91
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
300
100
100
27
3
Doc.
10
91
2,023
1,501
1.953
6
91
13
21.
28.
1955- Oct.
Oct.
Oct.
Oct.
20
27
91
91
91
2,119
2,258
2,390
2,4Q3
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
99
100
100
100
4.
11.
18.
25.
Nov.
Nov.
Nov.
Nov.
10
17
25
91
91
91
92
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
1.889
1.888
1.875
100
100
Sept.
1.
Sept. 8,
Sept. 15.
Sept. 22.
Sept. 29.
Dec.
Dec.
Dec.
Dec.
Dec,
91
91
91
91
91
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
Sept. 10.
1955-July
July
July
July
Aug.
Aug.
Aug.
Aug.
1957-Jan.
Fob.
Feb.
Feb.
Feb.
7.
U.
31.
1957- May
7.
May
May
May
May
U.
21.
28.
3
1
8
15
22
29
99
102
99
91
2.624
1,700
3.283
99
9
16
23
31
91
91
91
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
202
6
U.
June
June
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
202
13
Dec.
Dec.
19.
26.
1958- Mar.
Mar.
20
27
91
91
2,348
2,416
1,700
1,700
3.U0
3.173
100
98
1958-Jan.
Jan.
Jan.
Jan.
2.
3
16,
23.
Apr.
Apr.
Apr.
Apr.
10
17
24
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
June
12
2,436
1,700
1.532
13.
91
-100
Mar.
91
91
92
2,550
2,636
2,576
1,800
1,800
1,800
2.359
2.604
2.511
100
99
99
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
101
100
104
99
102
Mar.
Mar.
7.
9.
Sept. 11.
Sept. 18,
Sept. 25.
Oct.
Oct.
Oct.
Oct.
Oct.
30
Nov.
Nov.
13
Dec.
11,
Doc.
2,
9.
16,
23
6,
18,
Dec.
26
1959-Jan.
2
Jan.
8
Jan.
15
Footnotes at end of table.
Dec.
Dec.
Dec.
U
18
26
1959- Jan.
Jan.
Jan.
Jan.
Jan.
22
29
92
91
91
91
91
Feb.
Feb.
5
13
91
92
2,814
2,857
1,802
1,801
2.649
2.774
102
101
fMar.
\ Jtme
12
91
2,407
182
1,073
1,600
400
2.805
3.081
200
11
1,600
400
2.904
3.095
200
201
fMar.
\ June
2
8
15
19
18
91
182
2,476
764
\ June
26
25
90
181
2,394
834
1,601
400
2.739
3.017
(Apr.
I July
2
90
181
2,479
755
1,600
400
2.690
2.920
199
2
2,508
680
1,599
2.678
2.959
199
2,178
734
1,600
2.808
3.034
197
fMar.
91
(Apr.
iJuly
9
9
182
[Apr.
16
16
182
iJuly
91
(Continued on following F*go)
400
401
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
-
(Continued)
(Dollar amounts In mlillona)
Description of issue
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
91
$2,090
72i
2.816
3.111
»101
182
»1,500
400
101
Kumber of
days to
maturity
Maturity
date
Issue
date
Average rate
on bids
accepted i/
(Percent
1959-Mar.
5...
1959-
June
Sept.
3
Mar.
12 2/
Juna
Sept.
11
10
91
2,25il
182
967
1,301
400
3.062
3.375
Mar.
19...
June
Sept.
18
17
91
182
2,019
727
1,301
400
3.058
Mar.
26...
June
Sept.
25
91
182
2,122
671
1,300
400
2.766
3.093
100
2i
Jl959\1960-
Nov.
Feb.
12
11
91
1,866
182
875
1,200
400
3.150
3.690
199
19
18
1,853
790
3.a7
199
182
1,200
400
1,200
400
3.824
4.152
204
3.793
4.000
97
96
Aug.
13...
2.763
Aug.
20...
/l959\l960-
Nov.
Feb.
Aug.
27...
fl95911960-
Nov.
Feb.
27
25
92
182
1,964
|1960-
Aug.
Nov.
18
17
91
1,809
182
961
1,200
500
3.497
3.867
1960-May
May
June
1961-Jan.
19...
19...
Jan.
26...
Feb.
2...
25
25
91
183
l,83i
897
1
1
91
1,820
182
996
1,101
500
3.184
3.495
Apr.
July
20
20
91
182
1,889
995
1,101
400
2.358
2.530
Apr.
July
27
27
91
182
1,986
1,082
1,100
500
2.230
2.422
91
3
182
2,057
1,082
1,101
500
2.299
2.497
29
28
91
182
1,924
1,046
1,100
500
2.392
2.576
99
6
1,916
1,048
1,100
500
2.470
2.658
99
Sept.
Dec.
2...
|1%1-
Uay
Aug.
Uar.
Apr.
30.
. .
6....
June
Sept.
July
Oct.
5
91
182
July
91
183
2,000
1,118
1,101
500
2.361
2.556
100
91
182
2,087
950
1,101
500
2.299
2.417
100
91
1,877
1,115
1,101
500
2.232
2.423
101
Oct.
13
13
Uay
4p..,
Aug.
Nov.
3
2
Bay
lip...
Aug.
Nov.
Apr.
Up...
693
3.782
1,200
500
Aug.
Nov.
26...
91
100
182
Source:
See Table 2. Information in Table 3 covers bill offerings
January 2, 1953, through May 31, 1961.
1/ Equivalent average rate on bank discount basis.
2/
p
Beginning March 12, 1959, the 13-week bills represent additional issues
of bills with an original maturity of 26 weeks.
Preliminary.
'
R
June i96l
33
PDBLIC DEBT OPERATIOIB
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date aubscrii>+ "1 nn
hnnlf
Treasury Bulletin
3'^
PUBLIC DEBT OPEEIATIONS
Table 4.- Offerings of Public Marketable Securltlee Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
)
June lybl
35
PUBLIC DEBT OPKRATIONS
.
Table 4,- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
opened or bill
tenders received
issue
7/8/59
4.075)5
Bin
3/22/60 - Tax ant. 8/
(At auction)
7A5/6O.- -At auction
7/15/59
7/20/59
8/1/59
I
7/8/59
4-3/4* Note
4-3/4!e Note
3.719* Bill
3/22/60
10/1/59
1-1/2* Note
lO/l/64-EO
f
5/15/64-A
8/I5/6O-C
5*
Note
8/15/64-B
lO/U/59
10/21/59
4.783* Bill
6/22/60
11/5/59
fll/15/59
\ll/l5/59
11/23/59
7/20/59
4-3/4* Note
5/15/64-A
.
11/2^/59
12/2/59
4.860* Bill
10/17/60
.
1/5/60
10/21/59
BlU
6/22/60
1/12/60
1/15/60
2/1/60
2/15/60
\ 2/15/60
4/4/60
4/U/6O
f
f
4.726*
.
1-1/2* Note
4/1/65-EA
4-1/4* Bond
Note
4*
5/15/75-85
5/15/62-E
5/2/60
4-3/8* Certificate
4-5/8* Note
5/I5/6I-B
5/15/65-A
6/8/60
r 6/23/60
\ 6/23/60
3-3/4* Note
3-7/8* Bond
5/15/64-D
5/15/68
5/15,
7/6/60
7/13/60
2.823* Bill
3/22/61
7/12/60
7/15/6O
3.265* Bill
8/1/60
8/15/60
\ 6/23/60
f
f
9/12/6O
i
I
3-1/8* Certificate
3-7/8* Bond
10/1/60
1-1/2* Note
10/3/60
2/l;/58
10/3/60
3-i/2* Bond
3-1/2* Bond
3-1/2* Bond
BlU
Reopening
at 99-3/4
Tax ant. 8/
(At auction)
7/15/6I - At auotlci
8/1/61-C
5/15/68 - Reopening
lO/l/65-EO
11/15/80
2/15/90 - Reopeni n g
11/15/98
10/16/61 - At auction
3.131*
6/22/61
10/31/60
fll/15/60
\ll/l5/60
3-1/4* Note
3-3/4* Bond
2/15/62-F
5/15/66
II/21/6O
10/1/57
4*
Bond
10/1/69
1/11/6I
I/15/6I
2.679* Bill
2/6/61
2/I5/6I
3-1/4* Note
8/15/62-0
3/15/61
T-3/8* Bond
3-5/8* Bond
11/15/66
11/15/67
4/1/61
1-1/2* Note
V1/66-EA
4/3/61
2.473* Bill
9/22/61
.
4/15/61
2.827* Bill
4/15/62
.
5/1/61
6/e
"il
5/15/61
I 5/15/61
f
6/M/61
Certificate
3*
3-1/4* Note
2.308*
BlUa
9111
25y
lim
Im
ly
3y
7y
2.788* Bill
J
4y
ly
5y
10/21/60
3/28/61
ly
9'
2y
10/17/60
f
166d
5y
10/18/60
\ 3/15/61
61D
320d
^
Tax ant.
(Reopening
.
10/11/60
3/2C/61
4y
4/I5/6I - At auction
5/15/60
\ 5/15/6O
f
ly
4y
2/15/61-A
11/15/64-C - Issued at
4/5/60
4.608* Bill
245d
II/I5/6O-C
11/15/63-0
4/1/60
I 4/U/6O
4/15/60
Tax ant. Z/
(At auction)
10s
1/15/61 - At auction
5.067* Bill
4-7/8* Certificate
4-7/^ Note
5y
4y
•
IQn
12im
216d
(Reopening )
10/15/59
.
366d
Tax ant. 8/
.
10/6/59
4-3/4* Certificate
4-7/8* Note
258d
4y
Tax ant. Z/
(At auction)
Reopening
at lOOi
X/Vi/iS. - At auction
5/15/62-A
5/15/63-D
ft/V61
f
\u/30/61
Tax ant. 8/
(At auction)
At auction
"Strip" of 18
series 58/
(At auction)
Amount of subscriptions tendered
Cash
daye)^
4.728jt Bill
7/8/59
8/13/59
Description of security 1/
of
7/1/59
7/20/59
Period to final
maturity
(years, months,
Date
Ujo
lla
2/
Exchange
Amount issued
For
cash 2/
In exchange
Allotment!
ratio
ireasury
36
nauenn
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
7/
8/
2/
10/
11/
12/
1}/
Ut/
15/
16/
17/
18/
19/
20/
2\ /
Total allotments on cash subscriptions were limited to approximately
$1,000 million, Monbank subscriptions 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 as of
December 31, 1952. The Treastiry also reserved the right to allot
limited amoxints of these bonds to Government investment accounts,
which subscribed to a total amoxmt of $118 million. Payment for the
bonds allotted could be made with accrued interest at any time not
later than July 31, 1953.
Tax anticipation bill, acceptable at face value in payment of Income
and profits taxes due on the quarterly payment date immediately
preceding maturity.
Tax anticipation certificate, acceptable at par plus accrued interest
to maturity in payment of income and profits taxes due on the qxiarterly
payment date Immediately preceding maturity.
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 case less than $100,000.
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 2A percent. All others, including cotniiercial banks, were
allotted 16 percent but not less than $10,000 on any one subscription.
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,
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 40
percent but in no case less than $50,000,
Subscriptions for amounts up to and including $50,000 were allotted
in full.
Subscriptions for amounts over $50,000 were allotted 50
percent but In no case less than $50,000.
Cash subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 62 percent but in no
case less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 19 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $749 millicm and
were allotted 65 percent. Subscriptions from all other investors
totaled $970 million and were allotted 30 percent. Subscriptions
for $25,000 or less were allotted in full. Subscriptions for more
In addition to the
than $25,000 were allotted not less than $25,000.
amount allotted to the public, $25 million of the bonds were allotted
to Government investment accounts. Savings-type investors were given
the privilege of deferring payment for the bonds, provided that not
less than 25 percent was paid by July 20, 1955, not less than
60 percent by September 1, 1955, and full payment by October 3, 1955.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 32 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 29 percent but in no case
less than $100,000.
Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $100,000 were allotted 31 percent Cor the
Subscriptions for
certificates and 12 percent for the notes
$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, $100 million of the notes were allotted to Government
investment accounts.
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, op
three months' advance notice,
Subscriptions in excess of $100,000 were allotted 22 percent Cor the
certificates and 28 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, $100 million of each issue were allotted to Government
investment accoxmts.
Subscriptions for $50,000 or less TCre allotted in full. Subscriptions for more than $50,000 were allotted 10 percent hut in no case
less than $50,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts. Payment of not more
than 50 percent could be deferred until not later than October 21,
27/
22/
29/
30/
31/
32/
33/
34/
35/
22/
g4/
25/
26/
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype investors and 12 percent to all other subscribers but in no
In addition, $100 million of the notes were
case less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
In addition, $100 million of the bonds were
less than $10,000.
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24 percent but in no case
In addition, $100 million of the notes were
less than $25,000.
allotted to Government investment accoimts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, 40 percent to ccramercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition, $100 million of the bonds were allotted to Government
investment accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full. Subscriptions for more than the
iijin-imiim for each issue were allotted 44 percent on bills and 35 perIn addition,
cent on notes but in no case less than the minimum.
$100 million of the notes were allotted to Government investment
accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from ccnmnercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or less were allotted
in full when aceongjanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in fxill. Subscriptions for more than $5,000 were allotted
In addition, $50 million of the bonds were
not less than $5,000,
Savings-type investors
allotted to Government investment accounts
were given the privilege of paying for the bonds allotted to them in
installments up to April 23, 1959 (not less than 25 percent by
January 23, 1959, the issue date; 50 percent by February 24, 1959;
75 percent by March 23, 1959; and full payment by ^ril 23, 1959).
Subscriptions for $100,000 or less were allotted In full. Subscriptions for more f.hnn $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptiona from savings-type investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
In addition,
Tiipi'm nn'^ were allotted not less than the minlmums.
$50 million of the bonds were allotted to Government investment accounts
Full -paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Siibs crip t ions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription. In addition, $100 million of the notes were
allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4!^ notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4%. analler denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
Cash paynents amounted to $3
i5)on payment of any cash difference.
million.
bills.
I
one-year
Issued as a rollover of maturing
.
36/
37/
.
23/
(Continued)
T
22/
39/
40/
1957.
(Ccnrtlmied on following page)
fxtne
1961
37
PUBLIC DEBT OPERATIOIB
Footnotes to Table 4.- (Continued)
Savings-type Investors were given the privilege of paying for the
bonds in intaallments up to June 15, I960 (not leas than 40 percent
by April H, the delivery date; 70 percent by May 15; and full
payment by June 15). In addition to the amounts allotted to the
public, llOO million of the bonds were allotted to Govemioent investment accounts.
Subscriptions for #100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but In no case
less than $100,000.
In addition, |27.4 million of the notes were
allotted to Government investment accounts.
Subscriptions
for
$25,000 or less were allotted in full. Subscrip42/
tions for more than $25,000 were allotted 85 percent but in no case
less than $25,000.
In addition, $71 million of the notes were
allotted to Government Investment accounts,
44/ Subscriptions were permitted to be made with payment in cash or in
4-3/4/K Treasury notes maturing August 15, I960 (see Table 6, footnote 21). In addition in order that holders of 3-5/8^ Federal
National Mortgage Association notes maturing August 23, 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on Au^st 15, I960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or In part,
for the new securities.
45/ Combined total includes $80 million allotted on subscriptions frcm
holders of the Federal National Mortgage Association notes maturing
August 23, I960 (see footnote 44).
46/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, I960.
47/ Subscriptions from States, political subdivisions, or inatrumentalitles thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,285 million and were allotted in
Subscriptions subject to allotment totaled $11,104 million
full.
and were allotted in full up to and Including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
48/ Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000.
49/ In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
^O/
^
3-1/2% bonds of 1980, $215.9 million of the 3-1/2^ bonds of 1990,
and t36.5 million of the 3-1/256 bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
4j bonds, with certain^adjustments as of December 15, I960, at a price
of 100|^,
Snaller denominations of savings bonds could be exchanged
for the next higher multiple of $500 of the bonds \^on payment of any
cash difference. Cash payments amounted to about $362,000.
Suscriptions were permitted to be made with payment in cash or In
4-7/8;C Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
^2/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
53/ Subscriptions from States, political sub-divisions or Instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holda membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $bi,619 mlllion( those
up to and including $10,000 were alloted in full; all (ithera were
allotted 20 percent but in no case less than $10,000.
54/ In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8% bonds of 1966 and $540 million of the
3-^/8% bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4^ Treasury certificates or 3-5/8^ Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
57/ There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organizations in which the United States holds membership, foreign central
banks and foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted
Z7 percent, and $11,631 million for the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted In full,
and subscriptions for more than $25,000 were allotted not less than
$25, poo.
^g/ Sale of a "atrip" of Treasury bills, consisting of an additional $100
million for cash of eighteen series of weekly Treasury bills maturing
Preliminary.
p
from August 3, 1961, to November 30, 1961.
^O/
^
iV
2^
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than ReRular Weekly Treasury Bills i/
(In millions of dollars)
Issue
June 1961
39
PUBLIC DEBT OPEEIATIONS
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ^ (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
1^0
PUBLIC DEBT OPERATIONS
Table 5.- AllotmentB by Investor Classes on Subscriptions for Public Marketable Securlti es
Other Tiian Regular Weekly Treasury Bills i/ - (Continued)
(In mllllona of dollars)
Issue
June 1961
«n
PUBLIC DEBT OPEKATIONS
Table 6.- DlBpositlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Called or maturing security 1/
Date of
refunding
or retirement
Disposition offers
by Treasury
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
(In millions of dollars)
2/15/53
1-7/8* Certificate
3/18/53
1.720!{ Bill
l-7/8st Certificate
6/1/53
2%
Total
-
.
Bond
6/19/53
1.846$ Bill
8/15/53
2%
Certificate
9/15/53
2%
2/15/5 3-A
3/1/52
3/18/53
10/8/52
6/1/5 3-B
6/15/53-55
7/1/52
10/7/40
8,114
620
2,502
y
4,963
4,963
725
725
5,688
5,688
2,003
y
6/19/53
11/21/52
2,003
8/15/53-C
8/15/52
2,882
Bond
9/15/51-53
9/15/43
7,986
9/18/53
2.383* Bill
9/18/53
6/3/53
800
12/1/53
2-1/8* Note
12/1/53-A
10/1/52
10,542
2/15/54-A
2/15/53
8,114
8,1U
1-3/8* Note
3/15/54-A
12/15/49
4,675
4,675
Bond
2*
2-1/4* Bond
2-1/4* Bond
6/15/52-54
6/15/52-55
6/15/54-56
6/26/U
5,825
1,501
5,825
1,501
681
3/22/54-C
7/15/53
5,902
6/15/52-54
6/15/52-55
6/15/54-56
6/26/4-4
2/25/42
7/22/40
1,743
373
311
6/1/54-B
6/1/53
4,858
2-1/4* Certificate
2/15/54
.
2/25/42
7/22/40
2-1/2* Certificate Bond
2*
2-1/4* Bond
2-1/4* Bond
5/17/54
2-5/8* Certificate
681
7,285
Total.
1,001
6/18/54
.726*
Bill
6/18/54
4/27/54
6/24/54
.956*
Bill
6/24/54
3/22/54
1,501
8/15/54
2-5/8* Certificate
8/15/54-D
8/15/53
2,788
2-5/8* Certificate
9/15/54-E
9/15/53
4,724
7,512
Total
12/15/54
7,986
y
500 V
800
1-7/8* Note
12/15/54-B
12/1/53
8,175
2*
Bond
- 12/15/52-54
lVl/44
8,662
2*
Bond
- 12/15/51-55
12/15/41
510
17,347
Total
1-5/8* Certificate -
2/15/55-A
2/15/54
7,007
1-1/2* Note
-
3/15/55-A
3/15/50
5,365
2-7/8* Bond
-
3/15/55-60
3/15/35
2,611
2/15/55
U,983
Total.
3/22/55
1*
Certificate -
3/22/55-C
8/2/54
3,734
5/17/55
1-1/8* Certificate -
5/17/55-B
5/17/54
3,886
6/22/55
1-3/8* Certificate -
6/22/5 5-F
4/1/55
3,210
8/1/55
1-1/8* 'Certificate -
8/15/5 5-D
8/15/54
8,477
10,042
20,796
20,796
Total.
3/22/54
2,882
5,902 2/
Turned
in for
cash 2/
Description of new
security offered
(See also Table i,)
Treasury Bulletin
1+2
PUBLIC DEBT OFERATIOIB
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
June 1961
"^3
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Date of
Treasury Bulletin
l^J^
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date ot
refunding
or retirement
Issue
date
Description
Results of exchange offers
Disposition offers
by Treasury
1/
Amount
outstanding
Exchange
security
offered
Cash
retirement
Description of new
security offered
(See also Table ^)
Turned
In for
cash 2/
changed
(In millions of dollars)
11/15/59-E
3-3/8^ Certificate
12/1/58
6,534
871
7,711
7,711
[
11/15/59-B
3-1/2^ Note
11/15/59
10/10/58
Total maturities...
*
A%
8/15/62-B
Note
9/26/57
1,184
1,184
r
504
I
457
8,894
8,894
8,365
2,000
2,000
1,684
3.565? Bill
12/22/59
5/15/59
1,500
1,500
1/15/60
3.386!f Bill
1/15/60
4/1/59
2,006
2,006 12/
2/15/59
11,363
11,363
4/1/55
198
198
2/15/60
1-1/2? Note
^/l/60-EA
11,561
Note
8/15/62-B
9/26/57
f4.075!e Bill
3.719* Bill
3/22/60
3/22/60
7/8/59
7/8/59
*/l/60
1-1/2? Note
4/1/60- EA
4/1/55
57
57
'V/15/60
3.835? Bill
4/15/60
5/11/59
2,003
2,003
5/15/60-B
5/15/59
1,269
2/15/60
3/22/60
4J6
I
4?
Certificate
- ll/15/63-C
of 4-3/4? Certificate
of 4-7/8? Note
f
109
32
370
57
11,561
11,134
427
1,269
928
243
98
2/15/6I-A
11/15/64-C
[4-7/8? Certificate
4-7/8? Note
4-7/8? Certificate
[4-7/8? Note
-
f
[6,938
[4,195
-
2/15/6I-A
ll/15/64-C
of 4-7/8? Certificate
of 4-7/^ Note
3,005
999
y
y
ly
[4-3/8? Certificate
4-5/^ Note
5/15/6I-B
5/15/65-A
I
2/15/57
2,406
2,406
038
086
282
[4-3/8? Certificate
[4-5/8? Note
5/I5/6I-B
5/15/65-A
3-1/4? Note
5/15/60-B
1/21/59
2,738
2,738
708
784
246
(4-3/8? Certificate
4-5/8? Note
5/15/6I-B
5/15/65-A
10/21/59
10/21/59
2,002
2,016
6/23/60 2Q/
2-1/2? Bond
11/15/61
2/15/54
11,177
7/15/60
4.728? Bill
7/15/6O
7/15/59
2,001
8/15/60
4-3/4? Note
8/15/6O-C
8/1/59
9,561
10/1/60
1-1/2? Note
IO/1/6O-EO
10/1/55
278
10/3/60 20/
2-1/2? Bond
2-1/2? Bond
12-1/2? Bond
2-1/2? Bond
6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69
5/5/42
12/1/42
4/15/43
9/15/43
2,109
2,815
3,737
3,811
10/17/60
12/2/59
2,007
II/I5/6O-C
11/15/59
8/15/54
4.860? Bill
4-3/4? Certificate
2-1/8? Bond
'3,500 2i^
2,001
11/15/60
^
2,109
2y
1,504
6/15/59-62
- 12/15/59-62
2/15/63-A
8/15/63
6/1/45
11/15/45
4/15/58
12/15/54
5,262
3,449
3,971
6,755
19,436
5/15/64-D
5/15/68
3-1/8? Certificate 3,781 22/ /
\ 3-7/8? Bond
8/1/61-C
5/15/68
2y
3-1/2? Bond
3-1/2? Bond
11/15/80
2/15/90 2i/
4,500
2,343p
3-1/2? Bond
11/15/98
) 271p
f 3-1/4? Note
[3-3/4? Bond
2/15/62-F
5/15/66
r2,667p
878p
} 262p
[3-1/4? Note
[3-3/4? Bond
2/15/62-F
5/15/66
10,311p
533p
2^
10,844
6,938
-
3-3/4? Note
3-7/8? Bond
643p
993p
r
10, 8M.
1/15/60
of 4-3/8? Certificate
of 4-5/8? Note
278
3,806
2/15/60
Footnotes at end of table.
5,751
28
3,806
1/15/6I
Total
2y
f6,431p
2/15/61
1.2,113
ly
9,561
7,037
5.067? Bill
-
3,893
320
7,037
4-7/8? Certificate
Bond
Bond
Note
Bond
11,50021/
3,979p
1/15/61
f3,674
y
2^
6,609
2/15/61
'2-1/4?
2-1/4?
2-5/8?
2-1/2?
2,002
2,016
I
5,787
6,413
12,473
Total
3/15/61 20/
4-7/8? Note
[7,037
[3,011
5/15/60-A
6/22/60
6/22/60
.
529
3-1/2? Note
[4.783? Bill
14.726? Bill
11/15/60
II/I5/6O-C
11/15/63-C
159 12/
3,005
999
6,413
10/17/60
'4-3/4? Certificate
^4-7/8? Note
ly
6,829
[4,163
5/15/60
6/22/60
223
1
I
Total.
II/15/6O-O
ll/15/63-C
y
12/22/59
2/1 5/60-
4-3/4? Certificate
4-7/8? Note
f
I
10,049
10,895
3-3/4% Certificate
306
2,007
1,504
ly
I
335P
\
r9,098p of 3-1/4? Note
ll,213p of 3-3/4? Bond
ly
6,938
2y
3,670p
5,000
2y
3,000
2y
I
8,000
(Continued on following page)
'l,292p
i l,180p
3,268p 27j
3-1/4? Note
-
3-5/8? Bond
-
8/15/62-G
11/15/67
U,131p
2,438p
6,041p
3-3/8? Bond
[2,438p of 3-3/8? Bond
[3,604p of 3-5/8? Bond
11/15/66
t
^
Jane 1961
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
l/
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Ex-
changed
Description of new
security offered
(See also Table 4)
Turned
In for
cash 2/
(In millions of dollars)
3/22/61
-4/1/61
1-1/2!? Note
Vl/61-EA
4/1/56
L44
-4/15/61
A.bO&f, Bill
V15/61
4/15/60
2,001
5/15/61-B
5/15/60
3,674
3,674
j54p
l22p
p,599p
Certificate
(3%
[3-1/4^ Note
5/15/62-A
5/15/63-D
5/l5/6i-B
12/1/58
4,078
4,078
72 7p
{' 829p
(3^
Certificate
il,523p
5/15/62-A
5/15/63-D
Bond
6/1/61
(Panama Canal loan
6/1/11
''A-3/S% Certificate
5/15/61
l-i/St Note
7/13/60
Total.
6/1/61
351
3,512
3,512
144
2,001 18/
7,753
Bureau of the Public Debt. Preliminary figures are from subSource:
scription and allotment reports; final figures are on "clearance basis"
in daily Treasury statement.
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
Tax anticipation Issue; for detail of offerings beginning 1953, see
Table 4; for amounts redeaned for taxes and for cash see "Note" below.
On Noveniber 9, 1953, the Treasury purchased from the Federal Reserve
System and retired $500 million of the 2-1/8^ Treasury notes maturing
December 1, 1953. For further detail see "Treasury Bulletin" for
November 1953, page A-1.
Reopening of February 2, 1953, offering (see Table 4).
^J It had been announced that holders of these bonds would be given an
opportunity to exchange them for another Treasury issue after February
This offer was included In the refundlngs of May 17, 1954.
15, 1954.
2^ Reopening of August 3, 1954, offering (see Table 4).
Also designated tax anticipation certificates, acceptable at par plus
accrued interest to maturity In payment of Income and 'profits taxes
due June 15, 1956.
Reopening of May 3, 1955, offering (see Table 4).
2^
Reopening of November 28, 1955, offering (see Table 4).
During
June 1956, $159 million of these notes were purchased by the
JO/
Treasury for account of the Sinking Fund and retired.
Also
designated
tax anticipation certificates.
12/
Two issues of bills, maturing January 16, 1957, and February 15, 1957,
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 24, 1957,
vj During June and July 1958, $491 million of the 2-5/8^ Treasury bonds
of 1965 were purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
Called on May 14, 1958, for redemption on September 15, 1958.
Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 22).
12/ Holders of the /,% notes, who had the option to redeem at par on
February 15, 1%0, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 1^, 1959, for
the 4-7/8^ notes.
Rolled over into a one-year bill (see Table 4).
12/ Amount which owners exercised the option to redeem on February 15,
1960 (see Table 4, footnote 24).
Pursuant to the provisions of section
22/ Advance refunding offering.
1037 (a ) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the Investor will carry the new securities on hla books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered In exchange
will be taken into account \Q>on the disposition or redemption of the
new obligations.
21/ Holders of 2-l/2^ l^easury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period frcm June 8,
1%0, to June 13, I960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for
the notes and $1.5 billion for the bonds.
22/ Holders of the maturing notes were not offered preemptive rights to
exchange their holdings, but were permitted to present them In payment or exchange. In whole or in part, for the 3-l/6% certificates or
the 3-7/3% bonds, which were offered in an aggregate of around $8-3/4
billion. For detail of offering, see Table 4.
a/ Excess of maturing 4-3/45t Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
2i/ Reopening of an earlier issue.
25/ Holders of Z-\j2% Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
I
y
2.823){ Bill
3/22/61
,753 22/
26/
2,631p
13-:lU% Note
5,121p iO/
to exchange the bonds during the period from September 12, I960, to
September 20, 1%0, Inclusive, the first for 3-l/2it bonds of 1980,
the second for 3-l/2% bonds of 1990, and the other two for 3-l/2^ bonds
of 1998, subject to allotment if the combined total of subscriptions
for the bonds of 1990 and 1998 exceeded an outside limit of $4.5 billion.
Holders of the maturing certificates were not offered preemptive rights
to exchange their holdings, but were permitted to present them in
payment or exchange, in whole or In part, for the 3-l/4it notes offered
in the amount of around $6,9 billion. For detail of offering, see
Table 4.
Excess of matiu-ing 4-7/8^ certificates over allotments of new securities
on subscriptions from holders of those certificates (see Table 4,
footnotes 51 and 52).
26/ From March 20 through March 22, 1961, owners of 2-l/4!8 bonds of June
15, 1959-62, 2-1/456 bonds of December 15, 1959-62, 2- 5/856 notes
maturing February 15, 1963, and 2-\/2% bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first three
were exchangeable for a new 3-5/85f bond due November 15, 1967, and the
last for a new 3-3/% bond due November 15, 1%6. Exchanges were
subject to allotment if subscriptions exceeded $5 billion for the
bonds of' 1967 or $3 billion for the bonds of 1966.
29/ Holders of the maturing certificates and notes were not offered preemptive rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the $5,250 million
offering of 3/6 certificates or the $2,500 million offering of 3-l/4^
notes. For detail of offering, see Table 4.
30/ Excess of maturing 4-3/8iK certificates and 3-5/856 notes u/er allotments of
new securities on subscriptions from holders of those certificates and
notes (see Table 4, footnotes 55 and 56).
Preliminary.
p
Note: Information on retirement of tax anticipation issues referred- to in,
footnote 3, in millions of dollars
27/
Date of
Treasury Bulletin
1^6
.mmiKD STAISS
Series E and H are the only savings bonds now being
sold.
Series E has been on sale slnoe May
Series H has been on sale since June 1, 195^*
1,
19'H,
and
Series A-D
1935, through April 30, ig^l.
Series F and G were sold from May 1, 19'H. through April
were sold from March
1,
SAYXNI3S B0HD6.
Series J and K were sold from May 1, 1952,
30, 1952.
through April 30, 1957. Details of the principal changes
In Issues, Interest yields, maturities, and other savings
bonds terms appear In the Treasury Bulletins of April 1951->
May 1952, May 1957, and October and December 1959.
Table 1.- Sales and Redemptions by Series, Cumulative through April 30, 1961
(Dollar amounts in millions)
.,...
,
Jtine 1961
^7
.UNITKD STATES SAVINGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Sales 1/
Accrued
discount
Redemptions 1/
Sales plus
accrued
discount
Sales
price 2/
Amount outstanding
Accrued
discount
^
Interest-bearing
debt
Series E and H combined
Fiscal years:
1941-1953
1954 i/
69,326
4,653
5,225
5,260
4,613
4,670
4,506
4,307
1,133
1,161
1,174
1,194
1955
1956
71,463
4,889
5,368
5,043
7,500
1,126
1,113
1,124
1957
1958
1959
1960
4,507
4,689
4,320
4,350
1960-July
August .
September
76,261
5,779
6,348
6,374
5,746
5,831
5,680
5,501
40,213
4,345
4,544
4,730
5,175
5,187
5,107
5,502
38,283
3,775
3,911
4,069
4,444
4,129
42,300
4,444
4,652
4,832
1,178
1,169
1,224
78,963
6,015
6,481
6,167
5,649
5,867
5,489
5,574
354
355
340
121
94
94
475
450
433
October,
November
December.
346
326
348
91
94
122
1961-January.
February.
March.
456
416
435
126
98
.
..
348
1955 i/
1956
1957
1958
1959
1960
6,935
1,126
1,123
1,930
570
633
661
732
1,058
797
886
36,048
37,482
39,285
40,929
41,498
42,142
42,716
42,715
40,101
3,845
3,998
4,162
4,686
4,129
4,636
4,202
2,199
599
554
670
36,653
38,233
40,063
41,398
41,578
42,589
42,559
43,137
411
401
346
65
3a
50
392
333
59
42,779
42,827
42,868
437
420
471
352
344
362
299
292
307
54
52
55
42,953
43,028
43,137
581
513
532
441
360
375
412
3U
97
350
80
61
62
43,278
43,415
43,536
95
443
372
315
56
43,507
1,1U
4,310
4,616
Calendar years:
1941-1953
1954
1,U3
5,469
4,856
5,519
4,996
783
727
883
794
Months:
.
.
April.
Series F, G,
Fiscal years:
1941-1953..
1954 i/....
1955
1956
1957
1958
1959
1960
29,006
841
1,249
585
268
V
622
108
108
100
83
55
J,
29,628
949
1,357
686
54
352
65
54
46
46
574
110
103
92
74
58
29,862
1,394
1,010
567
172
58
52
38
38
Calendar years:
1941-1953
1954
1955
1956
1957
1958
1959
1960
,
,
Months:
1960-July
August
September,
,
.
.
.
October
November
December.
.
.
1%1-January.
.
February.
March. .
.
April
29,188
1,284
907
475
98
52
and K oomblned
^
7,791 5/
Matured debt
k&
Ireasury nuiletin
.UNITED STATES SAVIBGS BONDS.
Table 3.- Sales and Redemptions by Periods, Series £ through K
-
(Continued)
(In millions of dollars)
Redemptions l/
Sales 1/
Fiscal years:
1941-1953
1954
1955
68,936
1956.
1957
1958
1959
1960
Calendar years:
1941-1953
1954
1955
1956
1957
1958
1959
1960
,
,
,
Months:
1960- July
August . . .
September
October
November
December.
.
1961- January. .
February.
March
April
Accrued
discount
Sales plus
accrued
discount
Sales
price
^
Accrued
discount
^
Exchanges of
E bonds for
H bonds
AiQount
outstanding
(interestbearing debt)
June lybl
kS
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Ireasury nuiletin
50
.
OWNHISHIP OF FIDERAL SECTJRITIiS
.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
51
June 1961
,
CWMRSHIP OF FEDERAL SECURITIES.
Table 3.- Estimated Ownership of Federal Securities
(Par values l/ in blllloriS of dollars)
Treasury Bulletin
52
.TREASDRT SUW/EY OF OWNEBSHIP,
MUCH
31, 1961.
The monthly Treasury Survey of Ovmershlp covers
securities Issued by the United States aovernment and
associations were added to the Survey for June i960,
by Federal agencies.
Of all such seourltlee held by the
respective classes of Investors In the United States, the
corresponding data for a few prior months.
banks and Insurance companies Included In the Survey
account for about 95 percent and the corporations and
to Federal Reserve member-bank classes and nonmember banks
aopearlng In the September I96O Bulletin, together with
Holdings by commercial banks distributed according
savings and loan associations Included In the Survey about
are published for June JO and December 3I.
Holdings by
corporate pension trust funds are published for quarterly
Data for banks and Insurance companies were first
published for March 3I, 1941, in the May IJ^H Treasury
dates beginning with December 3I I949.
appeared In the March I954 Bulletin.
half.
Bulletin.
,
Data for corporations and savings and loan
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of all Securities
(Par values - in millions of dollars)
They first
June 1961
53
.TREASDEI StJIWEI OF OWNEBSHIP,
MUCH
31, 1961.
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)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Insurance companies
6,289
512
commer-
mutual
savings
banks
2/
cial
banks
i/2/
306
life
523 fire,
casualty,
and
marine
U. S. Govern-
^89
savings
and loan
associations
492
corporations
65
24
2,462
672
1,715
4^3
1,138
15
122
196
265
187
ment investment accounts
and Federal
Reserve Banks
Held by
all other
Investors
Treasury bills:
Regular weekly:
April
July
1961 - June
1961,
1961 - September 1961,
20,100
6,402
2,370
528
180
33
84
12
86
14
13,137
4,677
Tax anticipation:
June
1961
3,504
April
July
October
January
1961
1961
1961
1962
2,001
1,501
1,502
1,502
156
158
332
333
21
29
16
48
34
1
36,511
4,750
347
3,674
7,829
1,061
745
67
31
11,503
1,806
98
42
Other:
Total Treasury bills
U
11
U
238
1,457
928
717
672
3,060
22,985
247
5,463
1,708
5,710
2,851
2,840
210
264
692
1,156
8
29
37
15
31
34
545
38
5,059
78
674
1,477
13
2
25
52
2
89
22
1
240
67
49
60
56
31
85
34
30
4
38
119
154
633
802
1,492
153
53
54
81
24
23
25
36
54
100
2,729
120
1,186
1,353
1,608
56
78
8
36
59
15
12
30
2,106
259
843
771
68
3
15
lU
195
204
U5
U9
42
24
24
11
66
35
15
20
17
62
77
7
Certificates of indebtedness:
A-3/8?
3-1/8
May
August
1961-B
1961-C
Total certificates of indebtedness
18
1
508
412
1,U3
Treasury notes:
3-5/8^
May
4
August
February
1961-B
1961-A
1962-A
4,078
2,136
647
425
595
146
15
35
3
3-5/8
4
1
A
3-1/4
4
February
February
May
1962-D
1962-F
1962-E
1,435
9,098
2,211
594
1,851
1,170
41
58
1
58
36
15
4
3-1/4
3-3/4
August
August
November
1962-B
1962-G
1962-C
158
7,325
3
«
113
46
6
1,U3
93
1,692
534
2-5/8
February
May
2,179
677
1,046
13
1
November
3,094
1,743
3,011
75
4-7/8
1963-A
1963-B
1963-C
37
4
157
10
3-3/4
4-3/4
May
May
August
1964-D
1964-A
1964-B
3,893
4,933
2,316
2,250
626
5
95
95
98
17
16
4-7/8
4-5/8
November
May
April
1964-C
1965-A
1961-EA
4,195
2,113
144
969
741
1-1/2
1-1/2
1-1/2
1-1/2
October
April
October
1961-EO
1962-EA
1962-EO
332
551
590
105
171
291
1-1/2
1-1/2
1-1/2
April
October
April
1963-EA
1963-EO
1964-EA
533
506
283
273
457
240
6
1-1/2
1-1/2
1-1/2
October
April
October
1964-EO
1965-EA
1965-EO
490
466
236
253
214
150
lA
26
57,833
17,946
1959-62
1959-62
1960-65 12/
3,953
2,028
1,485
1961
1961
1962-67
Total Treasury notes
Treasury bonds:
June
2-1/4^
2-1/4
December
December
2-3/4
2-3/4
2-1/2
2-1/2
September
November
2-1/2
2-1/2
1%3
3
August
December
February
2-1/2
2-1/2
2-5/8
June
December
February
1964-69
1964-69..
2-1/2
2-1/2
3-3/4
March
1965-70
lilarch
1%6-71
May
1966
3
August
November
June
September
1%6
3-3/8
2-1/2
2-1/2
June
1963-68
1964
1965
1966
1967-72
l%7-72
Footnotes at end of Table 4.
343
34
158
173
2
4
5
11
20
44
16
44
41
16
3,683
103
2
200
805
57
1,477
367
2
U
1
40
it
14
102
186
134
4
4
29
20
39
77
70
70
130
139
98
28
24
9
64
56
37
116
50
5
13
95
19
1,328
306
1,057
590
2,093
17,905
16,607
2,059
1,204
1,307
67
26
20
5
w
210
121
30
55
35
1
245
95
21
450
381
w
848
155
121
2,239
6,963
1,465
882
3,079
13
43
9
92
192
86
24
197
970
129
139
690
54
94
82
26
16
U2
848
2,395
413
4,312
1,820
3,854
3,255
628
2,412
66
209
62
9
58
2
231
167
45
108
56
12
28
203
74
97
46
2,640
2,559
6,896
736
441
308
118
121
124
34
161
122
326
76
13
707
3,807
70
131
1%
175
10
2
2
12
52
3
5
3
104
150
U9
13
572
487
%
1,065
358
404
630
734
820
1,654
4,685
2,931
1,213
450
547
272
816
750
166
98
7
34
5
25
61
62
26
U
719
1,262
720
56
1,370
846
348
1,484
2,443
1,785
2,716
809
1,048
129
1,130
53
28
131
139
2
13
76
37
48
47
110
70
30
70
88
6
17
7
4
134
39
166
249
373
1,219
1,158
970
26
(Continued on following page)
Memorandum:
Held by
12,852
corporate
pension
trust funds
Treasury Bulletin
3^
.THEASDRT SUTOEY OF OWNEKSHIP, MIKCH 31, 1961.
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)
June 1961
55
.THEASDRI SUTOET OF OHNEESHIP,
Section
II
-
MUCH
31, 1961,
Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - In millions of dollars)
Treasury Bulletin
56
.MaRKET QUOTATIONS ON THEASURI SECURITIES, APRIL 28, 1961.
Current market quotations Bhown here are over-the-
public marketable securities issued by the United States
counter oloelng bid quotations in the New York market
Oovernment except Panama Canal bonds. Outstanding
Issues which are guaranteed by the United States
for the last trading day of the month, as reported to
the Treasury by the Federeil Reserve Bank of New York.
The securities listed Include all regularly quoted
Oovernment are excluded because they are not regularly
quoted In the market.
June 1961
57
.MSlEKET quotations on TREASUHY securities,
APRIL 28, 1961.
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
Treasury Bulletin
58
MARKET QUOTATIONS ON TREASURY SECURITIES, APRIL 28, 1961
o
..
, ,.
.,
,
June 1961
59
.AVSIAGE YIEIDS OF LONG-TIRM BONDS,
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds l/
Moody's Aaa
corporate
bonds
Period
Treasury
bonds 1/
Moody's Aaa
corjwrate
bonds
Annual series - calendar year averages of monthly series
1942
1943
1953-Aprll
May
June
July
August
September.
October. ,
November..
December.
.
.
195^^- January.
. .
February.
,
March
,
April
May
June
,
July
August . ,
September.
.
.
October. ,
November
December.
.
1955- January..
February.
March
April
May
June
July
Augufft ....
Septanber.
October, ,
November.
December.
,
60
Treasury Bulletin
.AVBEAGE YIELDS OF LONG-TERM BONDS.
.
June 1961
61
INTERNAL REVENUE COLLECTIONS
Table 1.- Summary by Principal Sources
(In thousands of dollars)
62
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Beginning with the fiscal year 1955, includes undistributed depositary receipts and unapplied collections. The whole amount of
Is included under "Other excise taxes ."
such receipts for excise taxes
Of (ic« of Itw S«cr«tory of
Wa
Traoaury
June 1961
63
•
IRTEHIAL REVEHUE COUBCTIONS.
Table 2.- Detail of Excise Tax CollectioitP
(In thousands of dollars)
Type of tax
Treasury Bulletin
6iv
INTERNAL REVENUE COLLECTIONS.
Table 2.- Detail of Excise Tax Collections
(Continued)
(In thousands of dollars)
Third quarter of
fiscal year
First three quarters of
fiscal year
Fiscal year
Type of tax
1960
1960
1959
1961
1960
1961
1%0)
(Jan. -Mar.
(Jan. -Mar. 1961)
Miocellaneoua excise taxes:
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Toll telephone service, telegraph, cable, radio, etc.
vire mileage service, vfire and equipment service...
General telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property (includi^ coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed
Sugar
Diesel and special motor fuels 2/ 6/
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 j/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
^
^
^
Total miscellaneous excise taxes
Total received with returns and from sale of stamps...
Undistributed depositary receipts 7/
Unapplied collections
Total excise taxes
49,977
45,117
64,813
34,494
49,605
67,187
26,611
37,221
47,651
28,063
25,742
45,672
7,619
12,542
13,664
8,200
8,150
13,875
292,412
398,023
7,962
227,044
143,250
6,142
1,689
86,378
52,528
312,055
426,242
50
255,459
239,788
326,537
38
196,112
2,561
4,438
256,451
366,126
377
204,075
1,008
4,562
86
71,495
65,588
78,330
109,182
88,841
132,228
293
66,264
266
1,414
969
5,888
11,006
3,403
566
6,221
1,076
5,348
4,477
633
3,597
12,927
2,936
446
5,189
164
284
1,153
207
69
1,426
178
307
797
241
83
1,783
2,845
3,774
3,U0
6,378
389
89,856
71,869
342
69,708
52,852
649
3,503
11,396
2,493
W,989
3,670
560
6,084
4W
1
63,941
730
1,406
30
19,117
21,023
12
20,715
22,031
32,532
38,333
34,378
41,513
2
29
2
2
44
1
34
39
14
19
1,435,953
1,386,829
1,061,204
1,136,525
333,749
369,469
10,693,198
11,765,097
8,680,083
9,206,747
2,788,002
2,955,709
65,771
98,007
58,206
-108,599
2,796
-95,840
580
1,637
1,7%
161
979
753
10,759,549
11,864,741
8,740,085
9,098,308
2,791,778
2,860,622
Internal Revenue Service reports. See also Table 1.
Source:
The figures shown include collections for credit to special accounts
for certain island possessions. Floor stocks taxes are included with
the related classes of tax.
1/ Full detail on a monthly basis is available from the Internal Revenue
Service.
2/ Taxes on issxiance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies issued by foreign insurers.
2/ Beginnljig with the fiscal year 1957, collections reflect the provisions
of the Highway Revenue Act of 1956, approved June 29, 1956 (23
U. S. C. 173).
^
^
6/
2/
Repealed effective August 1, 1958, by an act approved June
30, 1958 (26 U.S.C. 4292 note).
The tax of 3 cents per pound, applicable to the first
domestic processing of coconut oil and other vegetable oils,
which was suspentSed from October 1, 1957, through June 30,
1960, under the acts approved August 30, 1957, and May 29,
1959, is further suspended until June 30, 1963, under an
act approved April 22, 1960 (26 U.S.C. 4511).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued, less amount
received with returns and distributed by detailed class of
tax.
Less than <500.
,.,
.
June 1961
65
.MOHETAEY STATISTICS,
Table I.- Money In Circulation
(In millions of dollars except per capita figures)
Paper money
End of fiscal
year or month
1953
1954
1955
1956
1957
Total
money in
circulation 1/
Total
paper
money
30,125
29,922
30,229
30,715
31,082
28,359
28,127
28,372
28,767
29,040
1958
1959
1960
31,172
32,065
29,071
29,699
29,726
1959-December.
32,591
30,287
1%0-July
September
32,039
32,027
32,022
29,695
29,663
29,647
October.
November
December.
32,144
32,632
32,869
1961- January. ,
February.
Gtold
certificates
37
Silver
certificates
Trea sury
notes of
1890
United
States
notes
Federal
Reserve
notes
2/
Federal
Reserve
Bank
notes
^
National
bank
notes 2/
2,122
2,135
2,170
2,148
2,162
318
320
319
318
321
25,609
25,385
25,618
26,055
26,329
200
180
163
133
73
70
67
64
62
2,200
2,155
2,127
317
316
318
26,342
27,029
27,094
120
110
100
59
57
56
2,135
312
27,647
105
56
30
30
30
2,087
2,067
2,080
316
316
317
27,105
27,095
27,065
99
98
98
56
29,754
30,215
30,442
30
30
30
2,081
2,092
2,110
317
317
313
27,172
27,623
27,837
97
97
96
55
55
55
29,385
29,377
29,484
30
30
30
1,986
1,994
2,025
305
307
310
26,913
26,896
26,970
95
94
94
55
March
31,776
31,769
31,891
April
31,830
29, 4W
30
2,043
314
26,878
,
31,
Au^st
.
.
.
.
.
9U
V
35
34
33
33
32
31
30
M7
55
55
55
55
Treasury Bulletin
66
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In millions)
End of fiscal
year or month
Gold
Silver
(»35 per
(1.29+ per
fine ounce)
fine ounce)
3,8U.3
Ratio of silver
to gold and
silver in
monetary stocks
( in percent
1953
1954
1955
1956
1957
22,462.8
21,927.0
21,677.6
21,799.1
22,622.9
1958
1959
1960
21,356.2
19,704.6 1/
19,322.2
4,394.5
16.8
18.3
18.5
1959-December.
19,455.9
4,382.7
18.4
1%0-July
August. ..
September
19,143.8
19,005.2
18,684.6
4,393.7
4,391.1
4,387.7
18.7
1S.8
19.0
October.
November
December.
18,402.1
17,910.3
17,766.6
4,384.1
4,378.2
4,375.6
19.2
19.6
19.8
1961-January.
February.
March.
17,441.3
17,372.6
17,388.2
4,372.8
4,362.3
4,358.3
20.1
20.0
17,389.9
4,353.1
20.0
. .
April
Circulation Statement of United States Uoney.
silver monetary stock see Table 4.
Source;
For detail of
3,863.1
3,922.4
3,994.5
4,116.6
1/
4,306.0
4,4U.l
14.5
15.0
15.3
15.5
15.4
20.1
See Table 3, footnote 2.
Table 3.- Gold Assete and Liabilities of the Treasury
(In millions of dollars)
Gold assets
End of calendar year or month
Liabilities:
Gold certificates,
etc. 1/
21,199.1
21,458.3
22,272.9
483.7
489.0
491.2
491.2
508.1
20,534.3
19,455.9 2/
17,766.6
20,138.2
19,350.5
17,665.6
396.1
105.4
101.0
1960-July
August
September
19,U3.8
19,005.2
18,684.6
19,024.9
18,895.1
18,580.1
UO.l
October..
November
December.
18,402.1
17,910.3
17,766.6
17,665.6
109.2
114.0
101.0
1961-January.
February.
Uarcb. . .
17,441.3
17,372.6
17,388.2
17,325.6
17,261.0
17,285.0
115.7
111.6
103.3
17,389.9
17,274.9
115.0
1953
1954
1955
1956
1957
22,029.5
21,712.5
21,690.4
21,949.5
22,781.0
1958
1959
1960
.
.
April
Circulation Statement of United States Money.
Comprises (1) gold certificates held by the public
Reserve Banks; (2) gold certificate credits in (a)
fund - Board of Governors, Federal Reserve System,
tion fund - Federal Reserve notes; and (3) reserve
Source:
^
and in Federal
the gold certificate
and (b) the redempof $156.0 million
21,545.7
Balance of gold in
Treasurer's account
21^3.5
18,292.9
17,
7%.
118.9
104.5
against United States notes and Treasxn-y notes of 1890.
The United States payment of the 1343.8 million increase in its gold
subscription to the International Monetary Fund, authorized by the ad
approved June 17, 1959 (22 U.S.C. 286e) vae made on June 23, 1959
(see "Budget Receipts and Expenditures," Table 3, footnote 10).
June lybl
67
.MOKETAEY STATISTICS.
Table 4.- Components of Sliver Monetary Stock
68
MONETARY STATISTICS.
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - In millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June U, 1934)
Silver Purchase Act
of June 19,
1934
Nationalized
silver
Proclamation
(Proo. of
Aug. 9, 1934)
of Dec. 21,
1933
1935
1936
1937
1938
1939
46.1
63.7
69.5
91.7
43.7
48.7
48.7
48.7
48.7
226.2
302.7
366.7
457.7
530.7
34.7
34.7
34.7
34.7
16.8
36.0
58.0
74.9
87.3
1940
1941
1942
1943
1944
122.2
182.1
245.7
299.6
362.3
48.7
48.7
48.7
48.7
48.7
562.7
580.4
584.3
584.3
584.3
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
1945
1946
1947
1948
1949
429.5
491.9
520.5
559.2
578.7
48.7
48.7
48.7
48.7
48.7
701.6
832.1
832.1
832.2
833.6
34.7
34.7
34.7
34.7
34.7
1950
1951
1952
1953
1954
1955
596.6
642.3
694.2
742.2
792.9
807.0
48.7
48.7
48.7
48.7
48.7
48.7
833.7
833.7
833.7
833.7
833.7
833.7
1956
1957
1958
1959
1960
839.6
890.3
932.0
981.6
1,038.5
48.7
48.7
48.7
48.7
48.7
1960-July
August
September
1,011.5
1,017.8
1,023.6
48.7
48.7
48.7
October,
November.
December.
029.9
034.9
038.5
1961-January..
February.
March
041.0
043.7
1,(X7.8
April
1,053.3
18.5
.
.
48.7
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account
^
4.2
326.2
422.1
508.1
616.0
705.6
274.9
397.5
541.6
758.8
950.6
25.7
48.3
63.6
65.3
65.4
759.4
799.7
818.9
820.6
820.7
1,055.8
1,089.0
1,048.2
967.3
717.3
87.6
87.6
87.6
87.6
87.6
65.5
66.5
74.5
84.6
93.5
933.1
1,069.6
1,077.6
1,087.8
1,098.1
333.2
161.2
34.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
87.6
87.6
87.6
87.6
104.7
114.6
125.4
134.7
143.3
150.8
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
111.7
81.9
57.2
34.9
6.6
833.7
833.7
833.7
833.7
833.7
34.7
34.7
34.7
34.7
34.7
87.6
87.6
37.6
37.6
87.6
155.2
156.4
166.0
167.9
167.9
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
50.0
72.9
114.0
98.3
70.8
833.
833.
833.
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
87.3
33.4
30.0
833.
833.
833.
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
76.0
72.4
70.8
833.7
833.7
833.7
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
70.0
65.2
60.3
833.7
34.7
87.6
167.9
1,172.5
55.0
Source: Bureau of Accounts.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
Total
of seigniorage on coins and on newly mined silver, beginning
2/
j/
Total
seigniorage
Acts of
on silver
July 6, 1939,
and July 31, 1946 revalued 2/
34.5
y
U6.8
129.9
127.2
U.3
with that for July 1959, is included under coins; the breakdown is not available after June 1959.
The figures in this column are not cumulative; as the amount
of bullion held changes, the potential seigniorage thereon
changes.
fune 1961
69
.
NATIOHAL BAHK BKPORTS
.
Table 1.- Earnings, Expenses, and Dividends for Calendar Years 1956 through 1960
(Dollar amounts in thousands)
70
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 656O of January 15i
1934, Executive Order IOO33 of February S, 19'+9, 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 lees frequent Intervals.
published will be exactly comparable to those now presented.
The first three sections which follow are published
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions In long-term
monthly.
securities by foreigners, and present detailed breakdowns
of the latest available preliminary data.
Reports by banks,
securities brokers and dealers, and Industrial
and commercial concerns In the United States are made
Initially to the Federal Reserve Banks, which forward
Section IV provides supplementary data In six tables
bankers,
consolidated figures to the Treasury. Beginning April
13^^, data reported by banks In the Territories tmd
possessions of the United States are Included In the
published data.
which appear at less frequent Intervals.
Table
1,
short-
term foreign liabilities and claims reported by nonflnanclal concerns. Is published quarterly In the January,
.4prll, July, and October Issues of the Bulletin.
Table 2,
long-terra foreign liabilities and claims reported by
banks and bankers, and Table 3» estimated gold reserves
and dollar holdings of foreign countries and International
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
"Short-term" refers to original maturiorganizations.
ties 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
pages ^^-^7.
195'<-
Issue of the "Treasury Bulletin,"
As a result of changes In presentation
Institutions, are published quarterly in the March, June,
September, and December Issues. Table k, 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 inIs presented annually, appearing in the April
Issue through 195S and in the March issue thereafter.
stitutions,
Table
6,
purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 issue.
Introduced In that Issue, not all breakdowns previously
Table
1.-
Sectlon I - Summary by Periods
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)
,.
.,
Jane 1961
n
.CAPITA! MOVEMENTS.
Table 2.
Section I - Summary by Periods
Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendBTyear or month
Payable in dollars
Foreign
official
Other
foreign
1942
1943
1944
1945
1946
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
1947
1948
1949
1950
1951
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
2,972.7
2,947.0
1952
1953
1954
1955
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
15,158.3
16,159.1
19,383.3
21,319.6
1956
1957
1958
1959
1960
1960- July
August
September.
.
.
October.
November
December
.
.
.
.
1961-January.
February.
.
March p.
April
1/
p.
.
.
International
Short-term claims on foreigners
13.9
17.9
473.7
Payable in dollars
Payable in
foreign
currencies
21.6
25.5
40.6
Loans to
foreign banks
Payable in
foreign currencies
246.7
257.9
329.7
392.3
708.3
72.0
86.4
105.4
100.3
319.6
143.7
137.2
169.7
245.0
290.5
30.9
34.4
54.6
47.5
98.1
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
506.3
699.4
165.4
100.4
110.8
240.5
91.8
3,451.7
4,041.2
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
49.7
70.4
51.0
44.9
72.2
948.9
1,018.7
827.9
898.0
968.4
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 1/
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
61.4
43.7
43.2
40.3
48.8
1,048.7
904.5
1,386.5
1,548.5
1,945.7
122.9
156.5
206.5
328.1
405.4
847.5
646.5
969.0
1,056.5
1,390.8
101.6
211.0
163.9
7,916.6
8,664.9
9,148.9
10,319.5
5,565.3 1/
5,890.8
6,999.1
6,933.0
1,517.3
1,544.0
3,158.1
3,954.0
59.0
59.4
77.2
113.1
2,199.4
2,542.0
2,524.0
3,590.0
385.5
439.4
497.6
524.3
1,666.5
1,904.9
1,909.2
2,586.0
147.3
197.7
217.2
479.5
20,739.8
21,208.6
21,204.5
9,753.2
10,153.1
10,088.7
7,568.4
7,497.8
7,432.0
3,333.6
3,466.3
3,565.6
84.5
91.3
118.1
3,062.7
3,117.8
3,150.7
489.0
494.6
483.5
2,177.0
2,246.3
395.7
408.8
430.7
21,410.6
20,877.4
21,319.6
10,299.7
10,071.7
10,319.5
7,284.9
6,982.2
6,933.0
3,682.2
3,696.8
3,954.0
M3.7
126.7
113.1
3,361.2
3,325.4
3,590.0
502.8
488.9
524.3
2,380.1
2,413.0
2,585.0
478.3
423.5
479.6
20,909.3
20,766.5
21,082.7
10,137.8
10,087.8
10,300.0
709.7
750.4
799.1
3,940.8
3,816.5
3,872.3
120.9
111.7
111.3
3,586.2
3,672.1
3,954.5
522.4
503.5
550.0
2,593.3
2,742.7
2,898.3
470.5
425.8
496.2
20,848.5
9,887.7
6,938.4
3,911.5
110.9
4,114.3
591.7
2,998.1
524.5
3,-001.0
.
Beginning in August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" «re included in "Foreign official."
p
2,2U.4
Preliminary,
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
78.4
U9.5
72
Treasury Bulletin
.CAPITAL MOVaiENTS,
Section I - Sunmiary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Foreign bonds
Calendar year
or month
Sales
1935-^1
Foreign stocks
Net
purchas
Net
purchases
n.a
n.a.
372.2
n.a.
n.a.
74.2
318.1
225.3
347.3
89.0
-29.2
23.3
26.6
37.3
1946
1947
1948
1949
1950
755.9
658.7
211.6
321.2
589.2
490.4
634.3
291.4
311.5
7i0.2
265.5
24.5
-79.8
9.8
-121.0
1951
1952
1953
1954
1955
1956
1957
1958
1959
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,432.3
52.6
36.1
73.0
n.a.
n.a.
n.a.
n.a.
19.8
Total
purchases
Total
sales
Net pure ha SI
of foreign
securities
22.1
54.8
n.a.
n.a.
3.5
4.5
-17.5
4,008.2
220.5
469.6
340.9
355.4
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
-46.6
65.2
57.1
81.7
88.8
173.8
65.6
42.6
96.7
70.8
198.2
-.4
14.6
-15.0
18.0
-24.4
821.2
715.9
293.3
410.1
763.0
556.1
676.8
388.2
382.3
908.4
265.1
39.0
-94.8
27.8
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-549.5
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
502.4
348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7
803,8
590.5
1,U9.7
-126.1
-29.1
-336.4
-237.7
-88.1
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,385.3
2,718.8
2,261.5
2,022.9
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-637.6
82.8
60.6
89.4
-30.2
-24.5
-16.4
34.5
34.7
35.7
46.1
48.5
45.0
-11.6
-13.7
-9.3
87.2
70.8
108.7
128.9
109.1
134.4
-41.8
-38.3
-25.7
244.2
35.8
31.3
268.4
44.1
77.7
-24.2
-8.3
-46.4
34.9
43.0
31.3
41.6
55.9
52.0
-6.7
-12.8
-20.8
279.0
78.9
62.6
309.9
99.9
129.8
-30.9
-21.1
-67.2
89.5
73.8
90.8
-35.4
-28.2
-48.0
50.9
36.9
56.5
51.4
62.8
90.9
-.5
p.
54.0
45.6
42.8
-25.8
-34.5
104.9
82.5
99.3
140.8
136.6
181.7
-35.9
-54.0
-82.5
April p.
43.3
96.4
-53.0
47.9
93.6
-45.7
91.2
190.0
-98.8
1942
1943
1944
1945
446.4
3U.3
,
1%0
1%0-July
August
September
.
,
October.
November
December
1961-Janu8ry.
Febniary
March
.
Not available.
Preliminary.
-76.4
-35.8
6.8
-251.6
-2U.3
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,OW.O
-U5.4
,.
•
,
June 1961
73
.CAPITAL UOVaiENTS.
Section II - Sumraary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
(Position at end of period Is
bUUohs
of
1/
doUars)
1961
1960
Calendar year
Country
1957
1960
1958
Europe;
Austria
3«.9
Bel^un
130.2
Czechoslovakia
Denmark. .... a •
Finland. .......
.7
.6
.7
112.5
6^.5
168.8
68.8
136.5
70.9
243.1
146.6
1.0
54.2
46.0
353.7
1,557.2
153.5
1,078.6
202.5
532.1
1,754.7
126.3
1,120.8
338.7
655.3
1,987.3
186.3
1,370.3
485.2
519.0
3,475.7
63.1
877.1
328.5
...••••••
93.4
3.2
...•
U2.1
129.6
4.9
163.0
95.5
4.0
137.5
Prance
Germany, Federal Republic of.
Greece
..•.••••.....••..
Italy
Netherlands
•••.....•
Nomay
Poland
Portugal
Rumania
Spain
Sweden
Switzerland. . .
411.2
115.1
331.4
138.1.
.8
.9
.9
24.3
36.2
86.1
81.2
6.1
83.6
1.1
148.5
260.3
967.0
18.3
212.5
969.3
30.7
2.6
989.6
226.6
678.2
18.4
12.1
1,667.3
10.0
357.6
Turkey
D.S.S.R
United Kingdom.
1,275.4
303.4
851.9
20.1
2.2
872.9
Yugoslavia
Other Europe...
10.6
343.7
9.5
676.1
6.2
575.7
7,141.8
7,707.9
8,472.6
1,623.0
2,019.2
2,198.0
136.8
26.3
132.2
75.1
152.9
U9.8
22.2
138.1
100.0
168.8
336.8
24.4
150.7
184.5
216.8
286.5
39.7
41.6
418.2
163.8
36.9
37.1
442.4
.7
Total Europe
Canada
Latin America;
Argentina...
Bolivia
Brazil......
Chile
Colombia....
Cuba
235.0
Dcmlnlcan Republic
Guatemala
Me^co. ..........>.......
Netherlaods Antilles and
Surinam... ..............
53.6
65.4
386.3
73.4
79.4
87.8
Panama, Republic of.
U6.3
Peru
El Salvador
Uruguay
Venezuela ...........
Other Idtln America.
136.0
59.9
27.2
55.1
835.3
124.4
77.1
26.2
82.4
494.1
133.0
129.2
82.2
28.0
61.5
276.9
Total Latin America.
2,575.1
2,403.4
2,407.5
Asia;
China Ualnland. . . . .
Jkmg Kong
India
Indonesia
,..•
Iran
36.3
69.7
35.8
60.0
82.4
150.7
55.3
36.0
61.6
77.3
108.4
42.7
Israel
•.....••
Japan
Korea, Republic- of,
Philippines
Taiwan
•
52.2
585.7
117.0
174.5
85.8
55.9
935.1
145.5
176.3
98.7
86.5
1,285.1
Thailand
Other Asia
156.5
380.2
133.3
334.6
135.8
458.3
Total Asia
1,946.3
2,205.3
2,774.2
84.8
39.3
40.1
37.6
153.0
78.9
29.8
16.2
110.5
31.3
20.3
29.6
124.9
162.1
354.7
279.3
372.9
1,517.3
1,544.0
3,158.1
15,158.3
16,159.1
19,383.3
Other countries;
Australia
.....••..•
Congo, Republic of the g/
Egyptian Region - II.A.R. 2/.
Onion of South Africa
All other
Total other countries.
International...........
<kwid total.
••
U8.3
1M.3
138.6
46.6
U7.6
171.5
94.1
48.7
October
November
December
January
February
March p
April
p
Treasury Bulletin
7'^
.CAPItAL MOVBIENTS.
Section II - Suiranary by Countries
Table 2.- Short-Term Banking Claims on Foreigners^
(Foeltlon at end of period In
mimiB
of dollara)
Country
i/
Z/
2/
Excludes conTertible currencies held by U.S. monetary authorities.
Foiwerly Belgian Congo .
Data on claims on the Syrian Region ~ U.A.R. are not available
separately, but are included in "Other Asia
.
Leas than $50,000.
Preliminary.
.
Jtine lybl
75
.CAPITAL M3VIMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollaraj negative figures IndlGate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1961
1960
Country
1958
1960
1959
October
NoveaDber
-1,970
December
February
Uarch p
-15
711
36
966
334
2,084
112
-69
-413
-76
2,479
1,059
-61
910
615
2,518
-58
109
-3,236
752
3,382
January
April p
Europe:
-6
9,886
Austria
Belgium
Czechoslovakia
Denmark
Finland
70
5,897
4,661
20
-4,083
-702
-37
678
-4,476
57,037
200
-34,480
-236
-«,134
-61
-16,524
9,543
3,012
61
672
39,416
5,235
1,337
-5,715
1,871
-7,645
62,303
22,749
276
6,937
38,327
20,039
19,345
-248
28,099
-3,348
1,973
-794
11
4,851
-4,791
2,628
1,703
-79
4,236
-581
9
7,955
-3,447
4,883
1,787
66
9,161
-2,356
19,046
37
4,494
18,303
-26
2,109
1,156
-2
10,655
4
372
-11,548
-1
1,145
-2,204
-1,881
-U,463
-3,508
7,599
-3,615
783
4
441
1,572
1,529
409
495
-13
-576
91
424
-575
-48
-23,252
-1,043
l>i,232
-76
-4,830
11
-133
4,362
-3
9,351
15,210
24
859
139, U9
145
3
258
3,697
14
U,839
26
-272
21,130
-5
-37,360
8,803
-9,635
24,856
26,731
-17,518
22,014
-4
-5
44
-1,045
1
France
Qemany, Federal Republic
-7
2,924
-1,018
-4,795
of.
Greece
Italy
Netherlands.
Norway
Poland
Portugal
Rumania
Spain
-651
-2,249
24,196
-9
2,415
-17
-517
6,U1
4,339
-32,303
36
92,384
265,643
391
-U
Sweden
Switzerland
Turkey
U.S.S.H
United Klngdcm
98,302
79
lU
-25
15
1,778
-U4
5
635
-298
123
-69
3
79,027
-12,228
M3,358
41,367
Yugoslavia
Other Europe
-165
23,161
-26
-3,624
-2
23,644
-13
-5,230
2,198
-13
969
-2,898
-1,980
3,799
1,508
800
Total Europe
291,273
-40,197
745,282
198,182
-43,301
2,178
-9,183
28,539
58,031
9,598
42,848
-8,357
-202,213
80,696
-82,482
-6,048
-1,767
-8,578
-1,879
8,982
-702
-7,291
1,255
-448
869
3,385
169
-30
37
-70
-37
-387
2,M7
-722
113
2,594
1,762
62
-128
26
335
190
45
36
569
33
73
24
110
660
275
283
-196
4
308
213
16
-154
-12
133
-59
-166
-339
33
675
48
1,292
281
-333
-623
-2,601
410
-8,738
-20
408
2,028
-68,517
232
1,656
2,561
-2,276
379
292
1,321
-i3,437
1,249
941
-990
-24,9%
184
20
297
5
85
a
200
317
399
246
236
-1,854
-246
203
54
159
-146
-2,280
68
278
-1,024
260
-46
62
-1
-176
3,810
25,546
19,538
22,425
3,469
3,476
767
2,980
862
-118
2,388
524
257
124
4,185
1,483
125
-726
-879
-181
-2,533
•1,210
917
2,912
1,449
-256
-583
134
2,016
-690
-497
-138
-129
272
390
63
-721
-69
-1,009
-497
1,255
25,157
-2,168
176
-411
483
-384
16
448
-153
-138
-597
-13
8,841
-1,227
2,948
533
-265
-888
4,071
-506
467
3,381
2,704
526
18
271
1,235
19,701
8,117
-46,000
46,785
-10,110
-22,836
2,134
-163
7,062
24,870
1,803
27,653
219
-2,335
-453
-403
4,231
-1,389
-10
779
1,U7
-43
3,407
-27
23
-5
-21
5,390
-3,994
17
-98
-31
6,691
3,013
-9
4
-25
58
-67
1,927
-15,023
-37
-6
3,903
-31,013
58
174
43
9,791
39,839
-1,032
215
19
557
13,910
85
-2
18,454
1,044
1,156
186
1,281
981
22
77
90
54
107
101
-5
-276
-15
48
-U
Canada
Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
%3
Cuba
Dominican Republic
Guatemala
Uexlco
Netherlands Antilles and
Surinam
Panama f Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America
,
Total Latin America
Asia:
China Uainland
Hong Kong
India
Indonesia
Iran
,
94
Israel
Japan
Korea , Republic of
Philippines
Taiwan
-181
-1,694
2
-756
-493
-497
1,094
9,5U
91
-572
-2
-1,993
-1,091
-1,357
-74
558
9
-1,347
-1,504
505
383
8
502
221
-M
-82
-40'
-2
7
-101
-7
7
25
-7,389
-60
387
37
-109
90
-12
-12
21
7
-38
-26
75
32
-94
-6
252
-112
20
54
-72
-109
-30
Thailand
Other Asia
58
3,542
-369
23,832
99
536
2
1
9,577
89
-3,821
-8
-4,650
85
2
510
568
4
793
Total Asia
4,610
2,704
45,733
47,133
M,768
-9,344
-17,413
-27,062
4,124
2,032
9,964
-174
60
77
441
150
-48
-323
45
-648
62
-191
769
-13,331
-29
-11
-13
20
9
71
133
327
-10
-12
-49
177
-77
-10
153
5
U
14
38
15
1,628
545
Other countries:
Australia
Congo, Republic of the 1/
Egyptian Region - U.A.R. 2/.
Union of South Africa
All other
.
Total other countries
International
Grand total
1/
2/
.
3,U9
105
U
129
-786
187
18,881
6
247
147
34
23
1
12
-11
-39
-3
-36
435
3,553
-450
18,834
-13,339
213
220
466
1,776
-47
549
-157,420
283,453
187,023
238,a0
1,479
95,984
120,064
593
171,661
-4,864
41,112
141,776
-2,703
1,124,353
377,824
-55,725
89,405
85,193
7,262
269,444
7,825
32,611
Formerly Belgian Congo.
Data on transactions by the Syrian Region - U.A.R. are not available
separately, but are included in "Other Asia."
p
Preliminary.
Treasury Bulletin
76
.CAPITAL MOVBffiNTS.
Section II - Summary by Countries
Table 4.- Net Transactions In Long-Term Foreign Securities by Foreigners
(In thousands of dollarsj negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1960
Country-
1957
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
France
Germany, Federal Republic of.
Greece
Italy
Netherlands
Narvay
Poland
Portugal
Rumania
Spain
Sweden
Switzerland.
Turkey
U.S.S.R
United EingdOB.
Yugoslavia
Other Europe.
.
Total Europe.
.
Canada
Ijtln America:
Argentina. ...
Bolivia
Bnzil
1958
3,387
288
-18,018
21,299
-3
3,256
5,102
17,602
203,837
885
4,585
-8,641
18,912
99,082
-912
7,345
-234,089
9,065
-4
358
-5
66
-16,325
-7
3,513
519
27,904
17
691
92,200
-16
3,909
-27,801
35
-35,745
24
-26,268
2,*oe
602
Cuba
Dominican Republic
Guatemala
Uexico
NetherlaAdo Antilles and
Surinam
Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.
Total latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
-57
231,066
-72,072
.552,227
-543,274
-370
-442
69
4,979
812
2,4Zl
292
8,697
913
3,339
Chile
Colombia
1959
806
-350
-U
13,488
-152
-80
-60
17,060
176
1,547
106
-2,310
-72
-1,642
-8,045
95
-13,669
-443
-703
3,532
253
-10,266
15,109
4,858
-103
14,490
8
28,318
-50
72
-5
1,015
-50,564
677
-46,677
598
42
10
659
-25
-693
-52
Thailand
Other Asia
-525
-9,874
-185
-27,167
Total Asia
-45,188
-U,843
6,051
283
-308
5,633
1,221
-44,434
-16,099
Other countries:
Australia
Congo, Republic of the 1/
Egyptian Region - U.A.R. g/.
Union of South Africa
All other
Total other countries.
International
Grand total.
.
.
12,880
-383,783
722,143
-66
-22
1960
October
November
December
January
Ffebruary
Uarch p
June 1961
77
CAPITAL UOVaiBITS
Table
1.
.
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities To Foreigners as of April 30, 1961
(Position in thouBands of dollars)
'^
Formerly Belgian Congo.
Data on liabilities to the Syrian Region - U.A.R. are not available
separately, but are included in "Other Asia."
Treasury Bulletin
78
.CAPITAL ICVaOMTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of April 30, 1061^
(Foaltlan In tbouomls at dollars)
i/
2/
2/
Excludes convertible currenciea held by 0. S. monetaiy authorltlee.
Formerly Belgian Congo.
Data on clalma on the Syrian Region - U.A.R. are not available
separately, but are Included in "Other Asia."
Jtine
196 i
79
CAPHALMOVaiBNTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During April 1961
(In
ttmamda
of
doUan)
Treasury Bulletin
go
.CAPITAL MOVEMENTS.
Table 2.
Section IV - Supplementary Data by Ckjuntrlee
Long-Term^Liabllities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period in thousands of dollars)
i
June 1961
81
•
CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countries
Table 3.- Estimated Gold Reserves V and Dollar Holdings of Foreign Countries
and International Institutions
(Position at end of period in millions of dollars)
Treasury Bulletin
S2
.COEPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United States
Government which appear In the "Treasury Bulletin" beginning with the August I956 Issue are complied from reports
submitted to the Treasury under Department Circular
published quarterly and appear as Section
I In the series
The first data under the new re>;ulatlons are
for Karch 31i 1956. an^ were presented In the August I356
of tables.
Bulletin.
Statements of Income and expense and source and
application of funds are published semiannually, for June 30
Issued January 30, 195^, and Supplement tJo. 1,
The regulations so Issued are pur1, I956.
and December 31 reporting dates, and appear as Sections II
and III. The first of these str.tements under the new
Fuant to Section llU of the Budget and Accounting Prooe-
regulations cover the fiscal year I956, and were published
No. 966.
Issued June
flures
Act of I95O
(
3I U.S.C.
66 b),
and represent another
In the January I95? Bulletin.
Within the sections, the
step In the program of comprehensive and Integrated Gov-
agencies are grouped In separate tables by type, as follows:
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
public enterprise revolving funds, Intragovernraental
Budget-Treasury Regulation No. 3. Issued under Executive
Order No. SJIS of August I3, 19'*0. ae amended by Executive Order No. goSk of Karch 3, 19'*2, under which fi-
and trust revolving funds.
nancial statements previously published In the Bulletin
all executive agencies and activities not reporting under
v;ere
submitted.
revolving funds, certain other activities, deposit funds,
Supplement No. 1 added to the coverage by Including
Department Circular No. 966, but required only a statement
of financial condition annually as of June 33.
Department Circular No. ^66 requires
submission of financial statements by all wholly owned
and ralxed-ownershlp Government corporations specifically
Included In the Government Corporation Control Act, as
amended (31 U.S.C. S^S, S56); and all other activities
In coverage,
of the Government operating as revolving funds for which
business-type public enterprise or Intragovernmental 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 activities and agencies
whose operations result in the accumulation of substantial
Inventories, Investments and other recoverable assets,
These are
mainly not business-type activities, and those which had
not yet developed formal accounting procedures to provide
complete balance sheet types of stsitements 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
December I957 Issue of the Bulletin as Part B of Table 4
In Section I.
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
of furnishing the financial reports required.
A summary of loans outstanding for a series of dates
Four kinds of financial statements are called for by
iB Included In Section I of the Bulletin presentation
beginning with the June I95S Issue. Two classifications
Department Circular No. 966. They are statements of
financial condition, Income and expense, source and
of the loans are shown, one by type and one by agency.
Data prior to 195^ are based on the earlier reporting
application of funds, and certain commitments and contin-
requirements, which provided for complete coverage of
Government lending agencies.
gencies.
The statements of financial condition are
I
June 1961
83
.
CORPOEATIONS AND CERTAIN OTHEE BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 1.- Sunmary by Specified Classes of Activities, March 31, 1961
(In thousasdB of dollare)
Account
Treasury Bulletin
SK
.COPPOEATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds March 31, 1961
(Id thouaanda of dollara)
June 1961
«5
•COEPORATIONS AND CERTAIN OTHER BUSHJESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1961
(In thousands of
doHara)
-
(Ckintlnuedl
Treasury Bulletin
S6
.CORPORATIONS AND CERTAIN 0THE3^ BUSINESS-TYPE ACTIVITIES,
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1961
(Continued)
(In thousands of dollara)
Small Business Administration
Panama
Canal
Compap7
ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury l/.
Investment a:
Public debt securities (par value)
Securities of Government enteiprlaes.
Unamortized premium, or discount (-)••Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable;
Government agencies
Saint
lawrence
Seaway
DeTelopment
Corporation
6,309
19,518
4
159
2,3^7
3,607
10,153
636
104
.
Othe r (ne t
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
loans receivable:
Goveminent agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
-99^
699,979
-283,155
Total assets
LIABIUriES
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
Other: Guaranteed by the U. S
Not guaranteed by the U. S....
Other liabilities (including reserves).
12,073
Total liabilities
2^,993
NET INVESTMENT
United States interest:
Interest-bearing inveatment:
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
revenue s (-)
343
818
43
330,^8
120,^62
Total United States interest.
-i50,890
Total liabilities and investment.
^75 882
,
Re c ona t rue t i on
Revolving
fund
Finance
Corporation
liquidation
fund
Snttll
defense
pjaata
activities
Tennessee
Valley
Authority
United States
Information
Agency
InfomBLtional
media
guaranty
fund
Jane 1961
67
.COKPOEAlTONS AND CERTAIN 0THB3? BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1961
(In thousands of doUfirs)
(Continued)
Treasury Bulletin
gg
.CORPORATIONS AND CERTAIN OTHKR BUSIMESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, March 31, 1961
(In thousands of dollara)
(Continued)
June 1961
«9
.COEPOEATIONS AND CERTAIN OTHER BUSINESS-TYTE
ACi'iVi'i'IES.
Section I - Statements of Financial Condition
Table 2.- Public Enterpr Ise Revolving Funds, March 31, 1961
(Id thousands of dollars)
-
(Continued)
Treasury Bulletin
90
.COKPORATIONS AND CERTAIN 0THE3R BUSINESS-TrPE ACTIVITrES.
Section I - Statements of Financial Condition
Table 2.- I»ubllc Enterprise Revolving Funds, March 31, 1961
(in thousanda of dollflra)
(Continued)
Jane 1961
91
.CORPORATIONS AND CERTAIN OTHER BUSntESS-TTPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condi tion
Public Eilterprlse Revolving Funds, March 31, 1961
(In thousands of dollars'
-
(Continued)
Treasury Bulletin
92
.CORPOEATIONS AND CERTAIN OTHER BUSmESS-TTPE
ACTIVmES.
Section I - Statements of Financial Condition
Table 2.- Publ Ic Enterprise Revolving Funds, March 31, 1961
(In thousands of dollars)
(Continued)
June 1961
93
.COEPORATIONS AKD CERTAIN OTHER BUSmESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1961
(Id thousanda of dollflra)
(Continued)
Treasury Bulletin
9iv
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 2.-
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, March 31, 1961
(In thousandB of dollars)
(Continued)
June 1961
95
.
COEPORATIONS
MD
CERTAIN OTHEH BUSIMESS-TXEE ACTIYTTIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1961
(in thoueands of dollars)
(Continued)
96
Treasury Bulletin
.
COHPORATIONS AND CERTAIN OTHER BUSXRESS-TYPE ACTIVITIES.
Section I - Statements of Financial Ckindltlon
3.Table
Intra^vernmental Revolving Funds, March 31, 196!
(In ttaousandB of dollars)
June 1961
97
,
Table 3.-
CORPORATIOHS AUD CERTAHJ OTHER BOSINESS-TYPE ACTIVmES.
Section I - Statements of Financial Condition
Intragovernmental Revolving Funde, March 31, 1961
(Ck>ntinued)
Treasury Bulletin
98
.CORPORATIONS AND CEBTAIH OTHER BOSINESS-TXPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1961
(In tbouBonde of dollare)
-
(Continued)
June i961
99
.
COEPOEiillONS AKD CERTAIH OTEEB BUSHJESS-TIEE ACTIVITIES.
Section I - Statements of Financial Cond It Ion
Table 3.- Intragovernmental Revolving Funds, March 31, 1061
-
(Continued)
Treasury Bulletin
100
_COEPORAa?IONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March 31, 1961
(In thousands of dollars)
June 1961
101
.COEPORATIONS AND CERTAIN OTEER BUSINESS-TYPE ACTIVITIES,
Section I - Statements of Financial Condition
4.Certain Other Activities, March 31, 1961 - (Continued)
Table
(In thousaiids of dollars)
Treasury Bulletin
102
.
COEPORATIONS AHD CERTAHI OTHER BUSINESS-TYEE ACTIVITXES.
Table 4.
Section I - Statements of Financial Condition
Certain Other Activities, March 31, 1961 - (Continued)
(In thousands of dollars)
June 1961
103
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial C!onditlon
Table 4.- Certain Other Activities, March 31, 1961 - (Continued)
(in thoueandB of dollaro)
10*^
Treasury Bulletin
.
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, March 31, 1961
(In thousands of dollars)
)
)
)
)
.
'
'
June 1961
105
.COEPOEATIONS AKD CERTAIN OTHER BUSINESS-TYPE ACi lVri'IES.
'
Section I - Statements of Financial Ck)ndltlon
Table 6.- Certain Trust Revolving Funds, March 31, 1961
(In thousands of dollars)
Civil Service ConmiisBion
Total
1/
Employees
health
benefits
fund
Employees
life
insurance
fund
Federal
Communications
Commission
General
Services
Administration
International
telecommunication
settlements
National
Archives
trust fund
Bousing aui Home
Finance Agency
Federal Natioml
Mortgage AssoclAtion
Secondary market
operations
AfiSETS
1,084
215,329
Cash in banks, on hand, and In transit,..
Fund balances with the U. S. Treasury 2/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unsmortized premium, or discount (-),,.
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allovrance for losses (-)
Accrued interest receivable:
On public debt securities
On aecurltlea of Government enterprises
Other
Loans receivable:
Qovemment agencies
Other
Allowance for losses (Acquired security or collsteral (net),,,.
Land, structures, and equipment
Accumulated depreciation (Other assets (net
,
1,315
2,794,589
-114,026
8,797
1,067
-683
64,552
Tota 1 assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenc iee
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agenc ies
1%
6,919
6,502
206,720
418
-3,310
9,574
194,871
102
-458
-2,843
-3
38,570
838
409
22,056
10,356
612
52
5
1,855
66
13,820
21
1,332
59
57,408
418
2
11
35
6,151
146
66
13,073
31
1,315
2,769,833
-110,817 i/
8,797
39
-4
26
-10
49
-16
3,231,410
38,198
212,698
378
330
42,596
151
27,284
160
15,176
8,355
51
2,753,434
17
7
958
24,811
993
24,820
23,451
23,451
30,700
31,904
1,204
Guaranteed by the United States
Not guaranteed by the United States..,.
Other lishilities (Including reserves)
2,386,172
18,527
1,739
766
Total liabilities
2,528,793
30,377
16,102
51
32
300,182
94
211,542
7,821
196,596
67
346
9,1L2
511,818
7,821
196,596
67
346
84,503
Other:
NET INVESIMENT
Trust Interest:
Prlncipsl of fund
Capitalization of assets (net)
Accumulated net Income, or deficit (-)..,
Total trust Interest.
United States interest:
Interest-bearing Investment.
Capital stock
Borrowings from the U. S. Treasury.
Other
Nonlnterest-beering investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-),.
Deposits of general and special fund
revenues (-)
.
.
2,478,132
75,391
13,480
13,480
158,820
158,820
18,499
18,499
Totsl United States interest...
190,799
Total liabilities and Investment.
3,231,410
1/
2,386,172
12,027
190,799
38,198
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 and an annual basis at the present time.
212,698
2/
2/
119
378
2,753,434
See Table 1, footnote 1.
Includes unrealized purchase discounts amounting to $108,967 thousand.
(Continued on following page)
Treasury Bulletin
lo6
—CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYra ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, March 31, 1961 - (Continued)
(In thousands of dollars)
Agriculture
Department
Fanner a' Hoine
Administration
Army
Department
State rural
United States
Soldiers Home
revolving fund
rebabilitation
funds
V
ASSETS
Cash in banks, on hand, and In transit....
Fund balances with the U. S. Treasury 2/..
Investments:
Public debt securities (par value)
Securities of Govemnient enterprises..,.
Unamortized premium, or discount (-).-..
Other securltiea
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:
Qovemnent agencies
Other
Allowance for losses (- )
Acquired security or collateral (net)
Land, atructxires, and equipment
Accumulated depreciation (-)
Other assets (net
218
1,905
2,173
-6
-
Total assets
LIABILITIES
Accounts payable:
Government- agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agenclea
Other
Trust and deposit liabilities;
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States..
Other liabilitiea (including reserves),,.
Total liabilities
NET INVESIMEhn*
Trust interest:
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-),
Total trust Interest
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 (- )
Total United States Interest.
Total liabilities and Investment.
Defense
Department
716
24,7^8 6/
-3,208
'
Justice Department
Federal Prison
System
Office of Allen Property
Alien property fund
Commissary
funds, Federal
prisons £/
World
War II
V
Philippines,
World War II
^
Interoatiooal
Claims Settlement
Act, Title II,
fund
V
:
:
June 1961
107
.CORPORATIONS AKD CERTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section 1 - Statements of Financial Condition
Table 7.- Loans Outstanding March 31, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans ^
Part A«- Activities Reporting on a Quarterly Basis
(In thousands of dollars)
United States dollar loaoa
Type of loan and lending agency
Total 2/
Public enterprise
revolving fuiida
To aid agriculture:
Leans to cooperative associations:
Parmera Home Administration
Rural Electrification Administratloa
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
L2,308
3,329.138
'
'
:
'
'
Total to aid agriculture
To aid heme owners:
I
Mortgage loans
Federal Housing Administration
Federal National Mortgage Association:
Management and liquidating functions
Special assistance functions
Houaing and Home Finance Administrator:
Ccomiunlty disposal operations fund
Llquida ting programs
Interior Department:
Bureau of Indian Affaire:
Liquidation of Hoonah housing project
Public Houaing Administration
Veterans' Administration:
Direct loans to veterana and reaervea
Loan guaranty program
Other loans:
Veterans' Administration:
Direct loans to veterana and reserves
Loan guaranty program
1,183,155
51,937
2,876
1,183,155
51,937
A7,250
47,250
485,899
34,967
34,967
884,020 A/
6,499,898
2,201,330
190,311
190,311
1,626,373
1,799,697
Total to aid home owners
To aid industry:
Loana to railroads:
Expansion of defense pr6ductlon:
Treasury Department
Other purposes
Treasury Department:
Reconstruction Finance Corporation liquidation fund....
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund
Maritime activities
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guaranties:
Air Force Department
Army Department
Navy Department
General Services Administration
Other purposes:
General Services Administration:
Reconstruction Finance Corporation liquidation fund....
Houaing and Home Finance Administrator:
Liquidating programs
Inland Vfaterways Corporation
Interior Department;
Bureau of Commercial Fisheries:
Fisheries loan fund
Virgin Islaxids Corporation
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation fund....
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation fund,,..
Total to aid industry
88^,020
466,349
558
V
Certain other
activities
Foreign
currency
loans i/
106
Treasury Bulletin
.CORPORATIONS AND CKBTAIN OTHER BUSINESS-TYEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding March 31, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) i/
Part A.- Activities Reporting on a Quarterly Basis - (Continued!
(
Iq tbousaoda of dollars
June 1961
109
.COEPORATIONS AMD CKRTAIR OTHER BUSINESS-TYPE AtTi'lViTIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding March 31, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) i/
Part B.- Activities Reporting on an Annual Basis 8/
(I
Treasury Bulletin
110
.CORPORATIONS JWD CERTAIN OTHER BUSINESS-TYPE ACnVlTIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outetandlng by Periods for All Business-Type Activities
Excluding Interagency Loans but Including Foreign Currency Loans
Part A.- Classified by Types of Loans
(In milliona of dollare)
1
.
3
•
June 1961
Xll
.CORPORATIONS AND CERTAIN CfTEER BDSIRESS-TYPE ACTIVITIES.
Section I - Statoments of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
Bxcludlng Interagency Loans but Including Foreign Currency Loans - (Continued)
Part B.- Classified by Agencies
(In milllouB of dollars)
Developnent
loan
fund
Total
Bad of period
V
International
Cooperation
Administration
1/
Fiscal ygars:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
12,771.7 12/
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.8
22,893.4
27,510.7
29,568.3
Calen^"^ years
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1%0
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
31.
31,393.9
Farm Credit Admlnlsiratlon
of Washln^on
i/
u
2,233.3
2,321.6
2,388.9
2,547.0
2,761.8
2,773.6
2,681.5
2,630.2
3,061.3
3,486.6
3,268.0
245.1
312.1
343.1
324.3
309.2
321.7
349.1
384.3
574.2
754.1
865.7
823.8
773.9
846.6
897.7
996.5
1,227.0
1,547.4
1,697.8
442.8
816.2
652.7
718.3
675.1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
945.9
809.6
716.2
775.9
379.6
2,226.5
2,296.0
510.2
633.0
673.3
590.2
637.7
689.4
733.6
928.8
1,159.0
1,395.9
1,501.7
816.0
805.9
864.2
951.6
867.5
816.0
771.1
762.8
589.5
Other
1.5
67.0
262.1
5.9
159.3
378.8
1,514.3
1,536.8
1,623.9
1,766.8
1,994.6
2,194.8
2,682.3
3,042.6
3,381.9
7.9
19.8
23.5
38.2
34.4
30.4
26.4
22.3
2,833.3
2,806.2
2,702.2
2,663.1
3,005.6
3,332.1
3,231.3
3.290.5
345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
622.9
650.1
115.4
217.4
304.9
434.9
2,998.3
3,115.0
3,310.0
3,531.7
28.4
26.4
24.4
19.5
3,501.4
3,239.5
3,263.6
3,370.9
575.8
608.8
591.2
667.0
.4
13.1
22.3
30.3
36.5
32.4
28.4
24.4
i/
2,4%.
.2
S^a^
of period
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
.1
32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
905.4
Calendar years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
Current quarters:
1959-Sept. 30..
1960-Uar. 31..
Sept. 30..
19bl-[fer.
Office
of the
Admlnie
trator
26.1
Jfi.i
42.2
78.2
192.2
264.3
352.4
356.7
570.1
835.1
1,007.7
753.3
859.9
995.1
31..
Footnotes on page 113.
Uanagement and
liquidating
Secondary
market
Special
assistance
,055. 6
,578. 9
,068. 1
,497.18
525.9
553.1
,584. 5
,495. 6
,356. 5
,218. 5
,030. 4
1,726.5
9.1
233.4
.4
,248.1
,393.6
,573.8
,600.5
24.6
164.2
1,211.1
1,690.1
3.9
45.5
34.0
24.9
18.4
13.4
11.6
2.2
2.2
1,562.3
1,499.1
1,698.1
•1,625.7
Board
Fed. home
loan
banks
Coip.
12/U/
Federal
Housing
Administration
w
166.7
20.2
29.5
35.0
40.5
48.3
67.4
Commodity
Credit
Corporation
Farmers'
Home
Administration
12/
Veterans
Administration
Direct
loan
program
General
Senrlces
Loan
Adminisguaranty tration
program 12/
2,
154.
245.
346.
393.
1,054.9
17,
28,
39,
50
60,
78
106,
156,
231
315
79.9
162.7
87.2
87.1
86.7
85.9
84.9
83.8
82.6
81.5
80.3
79.1
163.1
79.4
78.8
163.1
163.4
l,a6.8
26.8
54.1
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
115.6
202.9
292.8
370.8
427.5
1,U6.7
1,794.9
1,520.3
1,736.1
1,476.6
356.0
380.2
398.4
433.7
858.7
944.0
1,096.3
1,190.4
254.3
293.8
336.0
365.3
CoBBierce Interior
Rural
Electrification
Administration
112.7
164.0
257.1
328.6
412.8
463.8
640.4
745.6
893.8
Treas'iry Department
Dept.
liarltime
activities
HFC (in
Expan- liquision of dation)
defense 10/
prod.
320.7
464.1
623.7
634.9
252.2
99.5
90.1
94.2
91.3
89.1
93.1
922.7
354.0
389.7
1,162.6
2,367.9
2,137.4
2,319.0
1,994.3
1,600.0
2,480.3
1,347.0
555.8
564.7
593.5
645.4
753.9
769.6
810.6
866.5
902.7
962.6
1,013.1
1,412.7
1,644.2
1,831.2
2,013.8
2,164.0
2,285.6
2,413.2
2,585.8
2,773.6
2,973.5
3,186.5
897.8
782.3
1,426.4
3,075.9
2,980.9
2,620.8
2,348.9
1,778.1
3,298.4
1,745.0
1,876.6
535.4
538.7
596.3
648.1
700.5
260.7
757.6
832.1
841.8
915.9
983.9
1,543.0
1,742.1
1,919.7
2,096.0
2,225.8
2,348.0
2,488.2
2,687.6
2,874.4
3,082.7
3,287.3
265.4
226.3
195.2
171.3
8.9
11.0
13.2
15.8
18.0
14.7
14.3
13.6
Expansion df
defense
prod.
12/
151.2
170.9
185.4
180.2
181.7
169.4
162.9
3,780
3,779
3,742
3,695
3,651
3,601
3,555
3,509
3,522
3,470
3,406
146.8
162.6
185.8
178.6
177.5
176.3
164.9
161.7
3,779.6 27.7
3,779.6 36.2
3,697.0 36.4
3,651.6 41.6
3,604.2 34.6
3,552.9 30.3
3,507.1 30.9
3,557.5 42.0
3,469.9 31.9
3,406.3 34.0
3.353.3 [346.2
fi/
fi/
fi/
2/
276.1
270.4
235.0
208.0
179.1
7.0
10.1
11.9
14.5
16.9
18.8
14.6
202.1
116.6
70.4
U.3
1,346,
1,849.
2,241.
2,461.
2,461,
2,555,
2,417,
2,289.
2,124,
1,949,
1,659,
85.7
648.7
1,635.8
1,380.7
2,049.8
2,903.0
5.6
72.2
418.6
1,568.4
1,779.1
183.3
369.3
609.3
922.4
544.5
113.2
92.9
106.0
105.4
95.9
87.4
99i3
1,978.1
1,759.0
1,694.3
1,776.6
2,370.4
2,806.5
1,482.9
1,630.0
1,735.8
175.6
90.7
91.4
136.8
1,497.9
1,928.9
1,633.8
971.7
1,001.5
1,031.5
3,028.6
3,139.8
3,236.4
202.3
184.7
176.5
14.3
13.6
166.9
164.7
161.8
1,626.4
2.769.8
1,799.7
190.3
95.7
2,114.4
1,081.1
3,329.1
156.4
13.4
158.7
6a.
89.1
87.1
86.8
86.5
85.6
84.5
83.4
82.3
81.1
6.
59.4
132.3
207.4
298.2
370.2
433.3
521.3
694.1
824.7
11.0
22.7
33.7
44.2
55.6
68.2
91.2
129.2
190.0
272.8
351.3
Agriculture Department
Public
Housing
Administration
12/
Saall
Business
Administration
34.
85,
Dept.
20.1
23.2
32.5
37.4
43.9
56.6
,301.,2
52.9
39.7
29.3
21.6
15.9
11.6
ao.o
Housing and EoBie Finance Agency
Federal National
Mortgage Association 15/
Reconstructlon
Finance
Federal
Interaedlpte
credit
banks
1,457.2
1; 529.7
1,543.5
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
3,263.1
.1
Fed. Home
Loan Hk.
Federal
Farm
cooper- Mortgage
atives Corp .2/
Banks
for
Expansion of
defense
prod.
13,a3.2 13/
Current qiiartej-e:
1959-Sept. 30.. 27,588.9
1960-lfer.
31.. 28,507.8
Sept. 30.. 30,469,2
1961-Mar.
Expoz^-liDport Bank
fi/
5.1
•u
21b.
'i
i-4.4
209.1
143.2
89.4
Other
Other
20/
29.4
31.2
41.1
35.1
40.1
28.6
31.8
35.1
38.3
78.4
307.6
3,469.0 31.6
3,405.5 34.5
3,406.6 J40.6
3,356.7 364.8
112
Treasury Bulletin
-COEPOEATIONS AND CERTAIR 0THE3R BUSINESS-TYPE ACi'iViTIES.
Footnotes to Table
1/
2/
These amounts consist in the naln of unexpended balances of general,
special, and revolving fund accounts against which checks nay be
drawn to pay proper charges under these funds. The funds are considered as assets of the agencies, but are not assets of the United
States Government since fujids must be provided out of cash balflnces
of the Treasurer of the United States and future receipts to take
care of checks to be issued against the balances.
Includes foreign currency assets, representing loans aai other receivables recoverable In foreign currency as well as balances of foreign currencies In United States depositaries, aggregating |2, 331, 257
thousand In dollar equivalent. These currenciee, acquired without
the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and Assistance
1
Act of 195^, as amended, and the Mutual Security Acts, as amended.
Dollar equivalents are computed for reporting purposes, to provide a
common denominator for the currencies of the many countries Involved.
The rates of exchange used In the conversion of foreign currency
units to United States dollar equivalent generally depeol on the
ultimate utilization of these currencies. Loans and other foreign
currency receivables that are dollar denominated in loan agresmente
are valued at agreement rates of exchange. Loans stated in units of
foreign currency and receivables In currencies that are available
for sale for dollars and certain other United States uses are converted at market rates of exchange In effect on reporting dates, 1. e.
the rates at which the Treasury sells such currency to Government
agencies.
Footnotes to Table 2
1/
2/
2/
See Table 1, footnote 1.
/^
Foreign currency assets are included throughout the table. See Table
1, footnote 2.
Certain corporations and other buainess-type activities that have
submitted statements of financial condition have guaranteed aol inaured loans which wore 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 contingencles and the amounts are as follows:
Amount
Activil^jr
(In thousands
of dollara)
Export-Import Bank of Ifeahingtoai
Regular lending activities
^1
Small Business Adminlatratloni
Revolving fund (December 31, I960)
19,C93
Veterans' Administration:
Loan guaranty program (December 31, 1960)
16,328,000
Housing and Home Finance Agencyi
Office of the Administrator:
Urban renewal fund (December 31, I960)
585,324
Federal Housing Administration
33,790,3^6
Public Housing Administration:
Local housing authority bonds and notes (commitments covered by annual contributions)
2,925,357
Local housing authority temporary notes (guaranteed)
757,^79
Agrlculture Department:
Farmers' Home Administration:
Farm tenant taortgage Insurance fund
179,068
Commerce Department:
Federal ship mortgage insurance fund
339,118
Treasury Department:
Expansion of defense production
13,917
Defense production guaranties (various aotivltlea) (December 31, I960)
190, U6
i/
6/
2/
8/
3/
10/
11/
U/
1^/
1^
1^
16/
12/
18/
Ij/
go/
•
Represents the remaining accountability of the United States Governmsnt In certain assets and liabilities transferred from the Raconstruotion Finance Corporation effective July 1, 195^.
Represents notes acquired from the sale of certain assets to the
Federal land banks (seb footnote 1 at the end of Table 7).
The surplus Is considered by the Corporation as available for future
loaurance losses and related expenses with respect to inaiired
institutions.
Consists of net Income from power operatlonfl of $591,398 thousand aoi
net expense of nonrevenue-producing programs of $222,125 thousand.
Represents purchase money mortgages formerly classified as other
assets (see footnote 1 at the end of Table 7).
Represents the equity of the United States Treasury in thia fund.
Represents purchase money mortgagee aoi improvement loans formerly
classified as other assets (see footnote 1 at the end of Table 7).
Includes reserves and unrealized equity in the assets of the Defense
Homes Corporation which are being liquidated by the Association.
Includes unrealized purchase discounts amounting to $5,227 thousand.
Includes operating and administrative expenses funds.
Represents mortgage notes and contracts for deed formerly classified
as other asseta (see footnote 1 at the end of Table 7).
Includes guaranteed loans aoi certificates of interest aggregating
$88^,020 thousand which are held by leoiing agencies.
Figurea are as of December 31, I960, the latest available.
.Included beginning Nfarch 31, i96l.
Valued at coat, estimated if not known. Amounts, including accumulated depreciation, are to some extent prelimimry, and subject to
adjustment.
Excludes aaaets on order of $172,975 thousand and a corresponding
amount of liabilities as reported by the Post Office Department.
Includes $7,703 thousand advanced from a revolving fund which has
been eetabliahed by approprlationa.
Less than $500.
Footnotes to Table 3
1/
•J
Consists of administrative expenses, foreign aid procuron»nts;
construction services, public buildingaj and working capital fiuid.
See Table 1, footnote 1.
Has been reduced by rescissions and transfers made by the Defense
Department stock funde (see footnote 6).
Figures are as of April 1, 1961.
%/
6/
2/
**
Excludes capital property such as land, structures, and equipment
as follows: Air Force, $1,198,36^ thouaaai; Army, $1,423,932
thousand; and Navy, $2,576,8^2 thousand.
Has been reduced by rescissions and transfers to other accounts as
follows: Air Force, $455,000 thousand; Army, $2,850,500 thousand;
Navy, $1,691,500 thousani; and (fcrlne Corps, $157,500 thousand.
Figures are as of December 31, I960, the latest available.
Leas than $500.
Footnotes to Table 4
1/
2/
1/
ij
^
b/
2/
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving fuixls,
Represents the Cooley loan program established pxirsuant to the act
approved August 13, 1957 (Publlo law 85-128). Figures are as of
December 31, I960.
See 'Dable 1, footnote 1.
Foreign currency assets are included throughout the table. See Table
1, footnote 2.
Reproaenta assets and liabilities of the General Services Administratlon exclusive of trust and revolving funds and strategic and critical
materials.
Represents notes and mortgages acquired from credit sales of eurpluB
property. Formerly included with accounts and notes receivable (see
footnote 1 at the end of Table 7).
Includes vessels owned and under construction.
8/
2/
ig/
11/
12/
13/
•
Represents allowance for losses from scrapping of obsolete vessels.
See Tabla 2, footnote 3.
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand; and subscriptions to the
International Monetary Fund, the International Finance Corporation,
the Inter-American Development Bank, and the International Development Association amounting to $4,125,000 thousand, $35,168 thousand,
$80,000 thousand, and $73,667 thousand, respectively.
Includes $787,371 thousand due under the agreement with Germany
February 27, 1953, aod land- lease and surplus property balances due
the United States la the principal amount of $1,594,374 thousand.
Inclxides loan to the United Kingdom amounting to $3,314,460 thousand
outstanding.
Represents interest on invested capital.
I«8S than $500.
June 1961
113
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES,
Footnotes to Table 8
1/'
2/
^
y
^
6/
7/
8/^
^
10/
1
I
11/
12/
IJ/
l^ble 8 relates to all loan programs of Government agencies.
It ineludes not only the United States dollar and foreign currency loans
sumnarized separately in 'ft.ble 7, but also the loans made, all in
United States dollars, by deposit funds (Table 5) and trust revolving
funds tTable 6J.
T^ble 8 beginning June 30, 1960, includes purchase
money mortgages and similar long term paper which have been reclassified as loans pursuant to an amendment issued June 23, I960, to Department Circular No. 966 (see footnote 1 at end of Table 7).
Includes guaranteed loans held by lending agencies.
The major portion of the loans of the Veterans' Administration loan
guaranty program is included under "Mortgage loans" through 1955 and
under "Other" to aid home owners thereafter.
Figures representing loans made by the Internatioreil Cooperation Administration prior to 1952 are not available at this time.
Includes guaranteed leans held by lending agencies through December
31, 1958, and the loan to the United Kingdom.
Reports on maritime activities were not received by the United States
Treasury Department d-uring the period from March 31, 19^7, through
March 31, 1953. Reorganisation Plan No. 21, effective Ma.y 2A, 1950,
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
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 Departaeni, of State by Executive Order No. 10610,
dated May 9, 1955, and effective at the close of business June 30,
Data
1955, as successor to the Foreign Operations Administration.
for earlier periods are for predecessor agencies,
From June 30, 1956, through March 31, I960, the notes receivable which
had previously been classified as loans were classified as other assets
and were not included in this table. These notes have now been reclassified as loans, and beginning June 30> I960, are included in this
table (see footnote 1 at end of Table 7),
On September 29, 1953, pursuant to the act approved July 30, 1953 (15
U.S.C, b09), the Reconstruction Finance Corporation started liquidation of its activities, except those carried on by the Corporation
pursuant to Section ^09 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 App. U.S.C, 2091-2094), which had been transferred to the Secretary of the Treasury as of September 23, 1953, and as of the close of
business on September 28, 1953, respectively. Effective at the close
of business June 30, 195A, pursuant to Reorganisation Plan No. 2 of
195i, certain functions and related assets of the Corporation were
transferred to the Export-Import Bank of Washington, the Federal
National Mortgage Association, and the Small Business Administration.
On July 1, 195A, 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 Reorgani^.ation 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.
Figures include loans for expansion of defense production from June
30, 1951, through June 30, 1953, and Federal civil defense loans
as of June 30, 1953 (see footnote 10).
Figures through Nbrch 31, I960, consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, I960,
include also: loans of Federal Facilities Corporation, the Reconstruction Finance Corporation liquidation fund, surplus property
credit sales, and loans acquired pursuant to the Defense Production
Act of 1950, as amended (50 App. U.S.C. 2091) (see footnote 1 at end
of Ihble 7).
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.
I4/
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. I452 (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, comiunity facilities service and prefabricated
housing loans already iicluded but also loana 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 as of December
31, 1956, June 30, 1957, and June 30, September 30, and December 31,
I960, and March 31, 1961, community disposal operations loans authorized
by the Atomic Energy Community Act of 1955 approved August 4, 1955 (42
U.S.C. 2301 note) and gxecutive Order No. 10657 of February U, 1956.
15/ The Federal National Mortgage Association Charter Act approved August
2, 1954 (12 U.S.C. 1716), authorized the Assopiation to carry on
three functions consisting of nanagement and liquidating functions,
secondary aarket operations, and speciaJ assistance functions. Its
activitie3 under these three functions began on November 1, 195.^.
16/ From June 30, 1956, through March 31, I960, the mortgage notes and
sales contracts which had previously been classified as loans were
classified as other assets and were not included in this table.
These mortgage notes and sales contracts have now been reclassified
as loa^3, and beginning June 30, I960, are included in this table (see
footnote 1 at end of Table 7).
ly/ All figures in this column include the loans of the low-rent public
housing program fund (formerly known as the United States Housin^j Act
program). Also included are the hoiaes co.nversion 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 14).
13/ Consists of the parmers' Home Administration loan programs, the disaster loans, etc, revolving fund, the farm terant mortgage insurance
fund, and the State rural rehabilitation funds begiming June 30,
Prior to June 30, 1956, the farm tenant mortgage insurance fund
1956.
\ia3 included in the statsjient of financial condition of the
loan programs.
30/ 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 December 31, 1957 (see footnote 10).
20/ The major portion of the loans is held by: the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Recon.struction
Administration through December 3l» 1954, fisheries loan fund beginning June 30, 1957, Indian loins, and Alaska public works loar^
beginning June 30, I960; Department of the Army - guaranteed loans
(World War II) through December 31, 1957; Office of Education loans to students and educational institutions as of June 30, 1959June 30, September 30, and December 31, I960, and March 31, 1961;
Federal Savings and Loan Insurance Corporation and Defense Department (military assistance credit sales) beginning June 30, 1960; and
agencies reporting loans pursuant to the Defense Production Act of
1950, as amended (50 App. U.S.C. 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, and the General Services
Administration from September 30, 1959, through March 31j I960.
^
Less than $50,000.
Treasury Bulletin
114
.CUMULATIVE TABLE OF CONTENTS.
July 1960 through June 1961
Issue and page number
1961
1960
July Aug.
Reporting bases.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Sept.
Oct.
Nov.
II
II
II
II
II
II
II
II
II
II
Articles:
Treasury financing operations....
Sumnary of Federal fiscal operations.
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
A-l
1
1
1
1
1
1
1
1
1
1
1
1
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
5
2
3
4
2
3
4
4
4
4
4
4
4
4
4
5
5
6
7
6
7
6
7
6
7
6
7
6
7
6
7
6
7
6
7
6
7
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
9
9
10
11
12
...
...
12
12
...
...
12
12
12
13
14
14
15
16
...
17
...
...
...
...
•••
...
...
12
.•.
•••
12
13
14
14
15
16
12
•••
..,
12
13
14
14
15
16
17
...
...
17
...
14
14
19
19
14
14
14
14
19
19
14
14
14
14
19
19
14
14
Budget receipts and expenditures:
Receipts by principal sources............................
Detail of miscellaneous receipts by major categories........
Expenditures by agencies................................
Interfund transactions excluded from both net budget receipts
and budget expenditures................................
Summary of appropriations and authorizations, expenditures,
and balances, by agencies................... ...........
Expenditures and balances by functions....................
Trust account and other transactions:
Summary 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..............
Federal Disability Insurance Trust Fund.......................
Railroad Retirement Account..................................
Unemployment Trust Fund.....................................
National Service Life Insurance Fund..........................
Investments of specified trust accounts in public debt securities,
by issues (latest date March 31, 1961).......................
Cash Income and out.
Summary of Federa 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 securities................................
Computed Interest charge and rate on Federal securities.........
Interest-bearing public debt.................................
Average length and maturity distribution of marketable
interest-bearing public debt................................
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies....
Interest-bearing securities issued by Federal agencies but not
guaranteed by the U. S. Government...........................
‘•.atutory debt limitation.
rOtbi.r; debt operatIona:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills.....................
Offerings of Treasury bills.................................
Kew money financing through regular weekly Treasury bills.......
Offerings of public marketable securities other than regular
weekly Treasury bills.....................................
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills...
Disrosltion of matured public marketable securities other than
regular weekly Treasury bills...........................
9
8
8
9
10
10
11
11
8
12
13
13
14
15
...
16
13
13
18
18
14
14
...
. ..
•••
...
...
14
19
15
15
.20
15
15
20
15
15
20
15
14
15
15
19
20
20
15
16
16
15
16
16
20
21
21
15
16
16
15
16
16
20
21
21
15
16
16
15
16
16
20
21
21
15
16
16
16
21
17
17
22
17
17
22
17
17
22
17
18
19
23
24
19
20
19
20
24
25
19
20
19
20
24
25
19
20
19
20
24
25
19
20
20
25
25
26
21
21
22
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
21
21
22
26
26
27
21
21
22
26
27
28
22
23
24
22
23
24
27
28
29
22
23
24
22
23
24
27
28
29
22
23
24
22
23
24
27
28
29
22
23
24
25
25
30
25
25
30
25
25
30
25
20
21
21
22
23
24
29
26
26
31
26
26
31
26
26
31
26
25
27
29
30
32
34
27
29
31
27
29
31
32
34
36
27
29
31
27
29
31
32
34
36
27
29
31
27
29
31
32
34
36
27
29
31
31
36
33
33
38
33
33
38
33
33
33
33
35
40
37
37
42
38
38
43
38
38
43
38
38
43
40
40
45
41
41
46
41
41
46
41
(Continued on following page)
June 1961
115
.CUMULATIVE TABLE OF COHTEWTS.
July 1960 through June 1961 - (Continued)
Issue and page number
1960
Jg.
Cnlted States savings bonds;
Cumulative sales and redemptions by series.................
Sales and redemptions by periods, all series combined.........
Sales and redemptions by periods, Series E through K.........
Redemptions of matured and unmatured bonds..................
Sales and redemptions by denominations, Series E and H combined.
SBles by States, Series E and H combined...................
Ownership of Federal securities:
Distribution by classes of investors and types of issues.......
Net market purchases or sales for investment accounts handled by
the Treasury...........................................
Estimated ownership.... .................................
43
43
44
46
48
48
49
51
52
53
Sept.
1961
Oct.
Nov.
45
45
46
48
45
45
46
48
...
...
...
50
50
51
53
54
...
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
46
46
47
49
46
46
47
49
46
46
47
49
46
46
47
49
...
51
51
52
54
55
...
46
46
47
49
...
51
51
52
54
55
56
47
54
49
49
55
50
50
57
50
50
56
50
47
48
54
55
49
50
49
50
55
56
50
51
50
51
57
58
50
51
50
51
56
57
50
51
49
56
51
57
57
52
52
59
52
52
58
52
••
57
...
...
...
...
56
53
55
60
62
61
63
55
57
61
63
56
58
56
58
63
65
60
62
56
58
62
64
56
58
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....
56
57
63
64
64
65
58
59
64
65
59
60
59
60
66
67
63
64
59
60
65
66
59
60
Internal revenue collections:
Summary by principal sources............ ............
Chart - Internal revenue collections by principal sources.
Summary by States, calendar year 1960....... .........
Detail of excise tax collections.....................
58
59
65
66
,.
66
67
66
67
61
62
61
62
•.•
68
69
...
63
65
66
...
67
61
62
...
...
67
68
69
...
61
62
*68
60
61
...
...
’63
67
68
68
69
70
70
71
71
72
73
62
63
63
64
65
68
69
69
70
71
65
66
66
67
68
63
64
64
65
66
70
71
71
72
73
69
70
70
71
72
63
64
64
65
66
70
71
71
72
73
65
66
66
67
68
70
...
...
71
...
...
73
...
...
73
...
Exchange Stabilization Fund (latest date December 31, I960):
Balance sheet.
Income and expense.
71
72
...
...
72
73
...
...
74
75
...
74
75
National bank reports;
Earnings, expenses, and dividends for calendar years 1956-60......
••
...
64
67
71
72
73
76
80
81
74
77
81
82
66
69
73
74
74
77
81
82
69
72
76
77
73
74
82
..
••
83
...
84
75
76
...
83
...
...
...
78
...
...
••
85
86
...
80
•••
...
•••
...
...
...
...
...
...
...
...
••.
...
Treasury survey of ownership of Federal securities;
Ownership by banks, insurance companies, and others............
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1960)...............
Market quotations;
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities......................
Average yields of long-term bonds:
,Monetary statistics:
Money in circulation...................................
Monetary stocks of gold and silver.......................
Gold assets and liabilities of the Treasury................
Components of silver monetary stock.......................
Seigniorage...........................................
Increment from reduction in weight of gold dollar (latest date
March 31, 1961).......................................
Capital movements between the United States and foreign countries;
Summary by periods since 1935................................
Summary by countries and periods.........................
Short-term banking liabilities to foreigners, latest month.... .
Short-term banking claims on foreigners, latest month........ ....
Purchases and sales of long-term securities by foreigners,
latest month.............................................
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers....
Estimated gold and short-term dollar resources of foreign countries
and international institutions..............................
Foreign credit and debit balances in brokerage accounts..........
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
calendar year 1960........................................
Corporations
Statements
Income and
Source and
and certain other business-type activities:
of financial condition (latest date March 31, 1961)....
expense (latest date December 31, 1960)..............
application of funds (latest date December 31, 1960)...
60
61
61
62
63
...
...
79
...
...
...
...
69
67
70
74
75
76
79
83
84
73
76
80
81
67
70
74
75
76
79
83
84
70
73
77
78
76
77
...
85
•••
82
•••
83
76
77
...
...
85
...
•••
...
84
86
87
...
...
...
...
...
*79
98
•••
...
88
34
...
...
...
...
79
80
81
...
86
79
...
'88
108
83
.•.
...
GPO 9 !3523
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU Of ACCOUNTS
OFFICE Of THE COMMISSIONER
WASHIN6TO:; 2S. DC
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AND
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UN ITED
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