Full text of Treasury Bulletin : June 1963
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mMn ':, ';V. fev;';;;;::-;i;H|:;:v:,:i;:>;i;i;::::':|:j;j::;'^ '|,n;'l';:;i!:i!:r:;;i;|:;:::':;>g;;::;^^^ H:;||i| ^ -'•-^V''--^^. DEPAR^ LIBRARY Rnnivi 50'^n J UN 2 31972 TREASURY DEPARTMENT TREASURY DEPARTMENT POSTAGE AND FEES PAID U.S. TREASURY DEPARTMENT! FISCAL SERVICE. BUREAU OP ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25. DC. OFFICIAL BUSINESS BUY AND HOLD UNITED S TAT E S SAVINGS BONDS FMEAmMY. MUILMFm JUNE - 1963 UNITED STRTES TREFISURV DEPRRTMENT OFFICE OF THE SECRETBRV The Treasury Bulletin is for sale by the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C. Subscription per year $8.50 domestic. 111. 00 foreign Single copy price varies June 196J Table of Contents Page Trea sury f inane ing opera t ions A-1 Summary of Federal fiscal operations 1 Budget receipts and expenditures 2 Trust accoimt and other transactions..,. 12 Cash income and outgo 17 Account of the Treasurer of the United States 25 Debt outstanding 27 Statutory debt limitation 32 Public debt operations 33 United States savings bonds 59 Ownership of Federal securities 63 Treasury survey of ownership of Federal securities 65 Market quotations on Treasiory securities 69 Average yields of long-term bonds 72 Monetary statistics 74 National bank reports '7B International financial statistics 79 Capital movements °^ Corporations and certain other business-type activities - statements of financial condition.... 92 Cumulative table of contents 125 Treasury Bulletin II Reporting Bases Data on receipts, expenditures, and debt which appear In the "Treasury Bulletin" are based largely on two Treasury financial reports, the "Dally Statement of the United States Treasury" and the "Monthly Statement of Receipts and Expenditures of the United States Government." Certain monetary statistics are based at least In part on the "Circulation Statement of United States Money." Where these state- ments are given as sources for Individual tables, cited by name only. they are Their respective reporting bases are described below. For other data In the Bulletin, Information on sources or reporting bases Is given In connection with the tables themselves. The monthly statement of receipts and expenditures was first published for February 195^+, and replaced the dally statement as the primary source of Information on budget results and other receipt and expenditure data classified by type of account. At the same time, the dally statement was changed to a statement of cash deposits and withdrawals affecting the account of the Treasurer of the United States. Both publications have provided compar- ative figures on their respective bases from the beginning of the flscEil year 1953» 1954, The announcement of February 17, with respect to these reporting changes may be found In the April 1951+ Issue of the Bulletin. itures and Balances of the United States Government" and for actual receipts and expenditures in the "Budget of the United States Government." Beginning with the final statement for the fiscal year i960, the monthly statement reports totals for net budget receipts and budget expenditures after deduction of certain Interfund transactions which are included 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 Government agencies to the Treasury. This reporting change was made in accordance with the plan stated in the President's Budget Message of January IS, i960. or deficit. It does not affect the surplus Figures for earlier periods shown in the Treas- ury Bulletin were revised to the new reporting basis in the September I96O Issue, The Interfund transactions deducted under this procedure do not include payments to the Treasury by wholly owned Government corporations for retirement of their capital stock and for disposition of earnings. These capital transfers have been excluded currently from budget receipts and budget expenditures beginning July 1, and figia-es for prior fiscal years back through 1932 1946, were revised accordingly at that time. The -daily statement on the new basis was first issued The monthly statement shows all receipts and expenditures of the Government, Including those made from cash for February I7, 1954. In the deposits and withdrawals as shown, no distinction is made as to the type of accounts accounts held outside the United States Treasury. The information is compiled from reports by the Treasurer of the United States and by all other collecting and disbursing agencies, including those agencies which maintain (budget, trust, etc.). The deposits are on the basis of certificates of deposit cleared through the account of the These reports cover Treasurer of the United States. Total withdrawals are on the basis of checks paid or cash disbursements made out of the Treasurer's account. Some of the withdrawal classi- transactions recorded in the accounts of the agencies fications shown are reported on the basis of mailed reports during the reporting period. of checks Issued and are adjusted by means of clearing ac- checking accounts in oomfneroial banks. The net of the transactions as compiled from these reports is reconciled in the monthly counts to the total of checks paid. statement to changes in the balance in the Treasurer's account and in cash held outside the Treasurer's account and changes in the public debt outstanding. minor amounts, noncash interfund and other Intragovernmental Receipts of taxes and customs duties are reported on a Other receipts are reported partially collections basis. transactions are excluded. Except for relatively The public debt figures in the daily statement also are on a "clearance" basis, v;lth the exception of those issuance and retirement transactions reported on the basis of telegrams from Federal Reserve Noncash debt transactions are Included, however. on a collections basis and partially on a deposits basis. Banks. Expenditures, except Interest on the public debt, are reported on the basis of checks Issued or cash payments made The dally statement before February 17, 195'^> covered not only transactions cleared through the Treasurer's ac- by disbursing officers. Transactions of an interfund or Intragovernmental nature are included on the same basis even though the actual issuance of checks may not be Involved. Interest on the public debt is Included on an accrual basis beginning with figures for June I955 and the fiscal year 1955. Prior to that, it was included on a due and payable basis. The same reporting basis as that count but also certain Government agency transactions which were handled through commercial bank accounts, and included noncash interfund and other intragovernmental transactions. It provided information similar to that in the present dally statement with respect to the status of the Treasurer's account, and similar to that in the present end-of-month dally statement with respect to debt issuance, retirement, and in the monthly statement provides the fiscal year figures amount outstanding. for the Treasury's "Combined Statement of Receipts, Expend- classified by type of account, and the budget results shown Receipts and expenditures, however, were 1 June 196 J III Reporting Bases In the dally statement were used as the basis for reflecting the results under the President's budget program as enacted by the Congress. Receipts were on the basis of deposits as they cleared Expenditures cleared through the the Treasurer's account. the Treasurer's account were reported on two successive Through 1914-6 they were on the basis of checks paid by the Treasurer of the United States. Beginning with I9U7, bases. - (Continued) dled through commercial bank accounts, consisting of market transactions In public debt and guaranteed securities, were as reported by the agencies. Interest on the public debt was Included on a due and payable basis beginning with November 19U9 and on a checks-paid basis prior to that time. The circulation statement reflects transactions through the Treasurer's account which affect monetary stocks of gold and silver and the amounts of coin and currency in the money supply of the country. It Is Issued later than the dally expenditures made through the facilities of the Treasury Department's Division of Disbursement were on the basis of checks Issued, while certain others, principally those of the Department of Defense and Its predecessor organiza- statement, however, and the figures are based on transactions consummated during the reporting period even though some may not have cleared the Treasurer's account during tions, were on the basis of checks paid. that period. Note: Transactions han- Where calculations have been made from unrounded figures, the details may not check to the totals shown. Jane 196 J A^l Treasury Financing Operatlona primary markets In Qovernment securities and report dally to June Financing mainder of 1963. the Treasury announced on June 6 an of- the Federal Reserve Bank of New York their positions with respect to Government securities and borrowings thereon. fering on June 11 of a 4- percent bond to mature In seven years and two months. The amount offered to the public All others were required to accompany their subscriptions by payment of 10 percent of the amount of bonds applied for. In beginning Ite caeb borrowing progrcun for the re- was $1-1 A billion, or thereabouts; In addition the Sec- retary of the Treasury offered full allotment on subscriptions up to $100,000 and reserved the right to allot up to I50 million to Qovernment Investment accounts tions were received on June 11 only. . Subscrip- Allotments on the $16.3 billion of subscriptions from In view of the large the public totaled $1.9 billion. public subscriptions, none was allotted to Government In- Subscriptions for more than $100,000 were allotted 5 percent but not less than |100,000, and those for $100,000 or less were allotted In full. Preliminary reports of subscriptions received show that there vestment accounts. $'<-,835 million from savings-type Investor groups, $7i959 million from commercial banks, and $3,46g million from all others. were The new bonds are dated June 20,1963, and bear Interest from that date at the rate of ^ percent per annum, payable on a semiannual basis on February I5 and August I5, 196*t, £md thereafter on February 15 and August 15 In each year until the principal amount becomes payable at their maturity Bearer bonds with Interest coupons on August 15, 1970. attached or bonds registered as to principal and Interest were Issued In denominations of $50Q $1,00Q $5,000, $10,000, Subscribers to registered bonds $100,000, and $1,000,000. were required to furnish appropriate Identifying numbers as Subscriptions from commercial banks for their own account were restricted In each case to an amount not exceeding 10 percent of the combined amount of time and savings Including time certificates of deposit, or 25 percent of the combined capital, surplus and undivided profits of the subscribing bank, whichever was greater. deposits. Commercial banks were asked not to make unsecured loans or loans oollaterallzed in whole or In part by the bonds subscribed for, to cover the deposits required to be paid when subscriptions were entered, and were required to make the All subscribers to the bonds were required to agree not to purchase or to sell, or make any agreements with respect to the purchase or sale or usual certification to that effect. other disposition of the bonds subscribed for under this offering until after June 11. Weekly Treasury Bills Hay Issues of regular weekly bills totaled $10.5 billion, refunding $10.2 billion maturing and providing $0.3 billion of new cash. In the eleven months of the fiscal year I963, new money financing through Increasing weekly bills (Including a strip of $1.0 billion issued November 15), has totaled $5.5 billion. New bill Issues In May consisted of five 13-week Issues of $1.3 billion each and five 26-week required on tax returns and other documents submitted to the Except for the 13-week bills dated May 3I, which mature In 90 days, all the Issues have 91-day or lg2-day maturities. Average rates of discount are Internal Revenue Service. shown In the following table. Payment for the bonds was required to be made or completed on or before June 20, I963, or on later allotment. Any qualified depositary was permitted to make payment by credit In Its Treasury tax and loan account for bonds allotted to It for Itself and Its customers up to any amount for idilch It was qualified In excess of existing deposits. Subscriptions were received without deposit from banking Institutions for their own account, Federally Insured savings and loan associations. States, political subdivisions or Instrumentalities thereof, public pension and re- tirement and other public funds. International organizations In which the United States holds membership, foreign central banks and foreign States, and dealers who make Issues of $0.g billion each. 13-week Treasury Bulletin A-2 Treasury Financing Ooeratlons - (Continued) Of the new foreign currency bonds, one was an 18-month Foreign Series and Foreign Currency Series In May the Treasury Issued six certificates of Indebtedness of the foreign series totaling |123 million and three bonds of the foreign currency series totaling $33 maturities, one bearing Interest at 3-26 percent, million. other, at 3-22 percent. The certificates were Issued at various Interest rates, ranging from 2.0 percent for the shortest term of 46 days 2.82 percent Issue denominated In Swiss francs. The other two were denominated In Belgian franos, both with two-year Eind the These were the first Instances of such borrowing In Belgian francs. Foreign currency series securities outstanding May to 2.90 percent, 2.95 percent, and 3-00 percent for the five three-month Issues. As of May "}! the outstanding foreign 1963, aggregated $630 million. series securities totaled $5^3 million. "}!, Bohllllngs, Italian lire, and Oerman marks. Note: Swiss currencies the securities In addition to Belgian and sire denominated In Austrian Details of Treasury financing operations are shown elsewhere in this issue of the Bulletin in the tables on public debt operations. . : , June 196 J SUMMARY OF FEDERAL FISCAL OPERATIONS (In millions of dollars) Budget receipts and expenditxires Net Period receipts V Fiscal years: 1950 1951 1952 1953 Expenditxires 1/ Surplus or deficit (-) Net of trust account and other transactions 2/ Net increase Clearing account, etc. 2/ in public debt, or decrease (-) Net Increase in Treasurer's account balance, or decrease (-) 39,544 43,970 65,303 74,120 67,537 64,389 66,224 68,966 71,369 80,342 76,539 81,515 87,787 -3,122 3,510 -4,017 -9,449 -3,117 -4,180 1,626 1,596 -2,819 -12,427 1,224 -3,856 -6,378 99 679 147 435 328 231 -194 195 633 -329 -50 -602 436 483 -2L4 -401 -250 -303 284 1957 1958 1959 1960 1961 1962 36,422 47,480 61,287 64,671 64,420 60,209 67,850 70,562 68,550 67,915 77,763 77,659 81,409 -145 507 448 -2,135 3,883 6,966 5,189 3,115 -1,623 -2,224 5,816 8,363 1,625 2,640 9,230 1963 (Est.).. 1964 (Est.).. 85,500 86,900 94,311 98,802 -8,811 -11,903 -693 -107 -20 -100 5,293 12,110 -4,230 37,235 52,877 64,705 63,654 60,938 63,119 70,616 71,749 68,262 72,738 79,518 78,157 84,709 37,657 56,236 70,547 72,811 64,622 65,891 66,838 71,157 75,349 79,778 77,565 84,463 91,907 -422 -3,358 -5,842 -9,157 -3,683 -2,771 3,779 311 815 -41 101 739 -259 -423 2,711 7,973 7,777 3,582 2,019 -447 592 -7,088 -7,040 1,953 -6,306 -7,199 1,092 -691 23 -698 234 729 87 -106 -319 -209 -34 376 -21 224 109 -237 154 204 183 2,982 6,367 8,945 6,322 7,631 6,771 -3,340 -1,265 2,174 -66 -120 44 -129 -498 682 3,433 1,310 3,U1 1954 1955 1956 Calendar years: 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 Months 1961- July Aug Sept.... 267 522 -523 530 -6 4,587 2,047 1,839 -388 -2,299 2,096 -551 Levels, end of period Debt outstanding Treasurer's account balance Public debt Guaranteed securities 20 29 5,517 7,357 6,969 4,670 6,766 6,216 6,546 5,590 9,749 5,350 8,005 6,694 10,430 257,357 255,222 259,105 266,071 271,260 274,374 272,751 270,527 276,343 284,706 286,331 288,971 298,201 6,200 6,200 303,494 315,604 600 256,708 259,419 267,391 275,168 278,750 280,769 276,628 274,898 282,922 290,798 290,217 296,169 303,470 24 42 54 76 34 355 622 828 83 1,015 4,232 4,295 6,064 4,577 5,180 4,545 4,427 4,606 4,961 5,583 6,411 6,494 7,509 35 -101 -572 2,936 6,593 6,020 8,956 331 -956 4,159 -4,399 2,654 -1,311 3,736 62 1,770 -1,488 603 -635 -117 179 -4,W1 -1,730 8,025 7,875 -581 5,952 7,301 Total Federal securities Subject to limitation 257,377 255,251 259,151 266,123 271,341 274,418 272,825 270,634 276,444 284,817 286,471 289,211 298,645 256,652 254,567 258,507 265,522 270,790 273,915 272,361 270,188 276,013 284,398 286,065 288,862 298,212 304,094 316,118 303,724 315,758 103 104 109 127 156 330 518 256,731 259,461 267,445 275,244 278,784 280,822 276,731 275,002 283,031 290,925 290,373 296,499 303,988 256,026 258,794 266,821 274,671 278,256 280,348 276,276 274,564 282,607 290,513 289,971 296,061 303,616 292,404 293,714 293,750 239 249 271 292,643 293,964 294,020 292,199 293,521 293,579 46 52 81 44 74 107 101 111 140 240 444 514 53 Got Nov Deo 6,424 7,967 7,796 7,485 7,160 -4,655 -1,060 807 -154 317 258 140 -543 10 1,911 1,350 -842 -2,759 63 234 6,197 6,261 6,494 295,660 297,011 296,169 299 315 330 295,959 297,325 296,499 295,520 296,886 296,061 1962-Jan Feb Ubt 5,357 6,729 9,104 7,395 6,858 7,749 -2,038 -129 1,356 -152 333 -78 978 345 381 -145 470 -896 -1,513 644 1,293 4,981 5,626 6,919 296,513 296,983 296,088 347 371 402 296,860 297,354 296,489 296,422 296,917 296,054 Apr 5,754 7,024 11,615 7,289 7,229 8,102 -1,535 -205 3,513 132 258 -317 -384 -130 67 864 2,222 -973 -924 5,995 2,U5 8,U1 2,290 10,430 296,952 299,174 298,201 405 430 444 297,357 299,604 298,645 296,922 299,170 298,212 3,566 7,089 10,053 7,252 8,541 7,327 -3,686 -1,452 2,727 208 -59 -126 -248 -304 481 -325 3,966 -2,344 -4,051 2,151 738 6,380 8,530 9,268 297,876 301,842 299,498 448 470 487 298,324 302,312 299,986 297,891 301,938 299,612 Oct Nov Dec 3,030 7,027 8,360 8,524 8,070 7,572 -5,494 -1,042 788 -15 189 -1,796 1,075 2,569 3,323 -1,920 -2,750 106 457 400 6,518 7,109 7,509 302,067 305,390 303,470 486 503 518 302,553 305,893 303,988 302,181 305,521 303,616 1963- Jan Feb 8,013 6,763 7,806 -2,480 Mar 5,533 7,305 9,663 1,857 -126 404 -270 635 -206 864 -53 1,221 -1,645 -2,024 1,961 806 5,485 7,446 8,252 303,417 304,638 302,993 531 541 548 303,948 305,179 303,541 303,577 304,809 303,172 Apr May 5,735 6,953 7,590 7,470 -1,854 -516 269 -223 -260 -320 173 2,038 -1,672 978 6,579 7,558 303,166 305,204 562 577 303,728 305,781 303,359 305,413 74,315 84,927 -10,612 625 111 7,003 -2,873 7,558 305,204 577 305,781 305,413 May June. . . July. . . Aug Sept.... 1963 to date. 542 Source: 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 from the 1964 Budget document, released January 17, 1963, including effects More detail for data on this page will be of proposed legislation. found in succeeding tables. 1/ Fiscal year figures beginning with the September 1960 issue of the Treasury Bulletin, and calendar year figures beginning with the June 1961 issue exclude certain interfund transactions from both net budget receipts and budget expenditures (see page II, 2, and 5). Figures previously published for these series have been revised to the new reporting basis. The change does not affect the budget surplus or deficit. 2/ Excess of receipts, or expenditures (-). For detail, see pages 10 - 14. For checks outstanding and telegraphic reports from Federal Reserve banks; public debt interest accrued and unpaid beginning with June 591 and the fiscal year 1955 (previously included from November 1949 as interest checks and coupons outstanding); also deposits in transit and changes in cash held outside the Treasury and in certain other accounts beginning with the fiscal year 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 limitations in effect during the period covered by this table and the date when each became effective are as follows: $275 billion on June 26, 1946; 1281 billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion on July 1, 1957; $280 billion on February 26, 1958; $238 billion on September 2, 1958; $290 billion on June 30, 1959; $295 billion on July 1, 1959; $293 billion on July 1, I960; $298 billion on July 1, 1961; $300 billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on April 1, 1963; and $307 billion on May Under the act approved May 29, 1963, the limitation is 29, 1963. $309 billion from July 1 through August 31, 1963. Treasury Bulletin BUDGET RECEIPTS AND EXPENDITURES Table 1.- Receipts by Principal Sources . . June 196J .BUDGET RECEIPTS AND EXPEaJDITURES Table 2.- Detail of Miscellaneous Receipts by Major Categories (In millions of dollars) Fiscal year or month Total Interest Dividends and other earnings Realization upon loans and investments 274 296 328 328 587 436 1,012 371 410 471 266 1,026 539 Recoveries and refunds Royalties Sale of Gov-^rn- ment property Sale of products Seigniorage Fees for permits and licenses Fees and other charges for services Fines, penalties and forfeitures Other V etc. 1955. 1956. 1957. 1958. 1959. 1960. 1961, 1962. 2,559 3,006 2,749 3,196 3,158 4,064 4,082 3,206 408 745 601 967 942 877 252 291 438 674 506 1,111 805 743 1963 (Est.) 196/i (Est.) 4,410 4,036 877 918 856 873 685 300 517 89 73 71 72 Oct Nov Dec 218 225 16 10 553 332 91 69 69 1963- Jan Feb 334 103 71 488 253 27 59 11 61 273 205 10 11 77 71 50 30 4,050 664 785 1,083 138 1962- July Aug Sept Mar Apr May 1963 to date... 554 628 53 2 415 2/ 27 24 24 26 57 41 312 2/ 78 363 480 387 345 2/ 8/ 2/ iS/ u/ 113 117 453 435 68 40 4 6 7 4 4 7 5 59 6 345 1 4 4 4 11 7 3 8 5 4 9 14 7 6 1 5 11 59 53 55 58 53 54 57 81 62 263 99 128 130 133 295 316 380 407 39 68 49 75 17 9 -21 30 16 27 9 6 9 27 62 18 17 55 28 28 4 4 10 10 18 9 13 31 5 31 12 29 3 4 -14 55 3 20 12 20 24 4 5 8 12 11 13 19 27 4 39 13 15 30 3 5 7 61 240 359 41 89 325 392 343 Actual figures through 1961 are from reports to the Treasury Department by disbursing officers and administrative agencies, on the monthly statement reporting basis (see page II); and from the monthly statement of receipts and expenditures thereafter. Estimates are from the 1964 Budget document, released January 17, 1963, including effect of proposed legislation. Consists of miscellaneous taxes (principally the tonnage tax on foreign vessels entering U. S. ports), bullion charges, and gifts 2/ 2/ 1 - Income taxes not withheld, October Includes adjustments as follows for: 12/ -$4 million, January -$4- million, and March -$2 million; Income taxes withheld, October -$1^2 million, January -$67 million, and March -$1^ million; transfers to Federal Old-Age and Survivors Insurance Trust Fund, October +413A million, January +$62 million, and March +$19 million; and transfers to Federal Disability Insurance Trust Fund, October +$12 million, January +$9 million, and March -$2 million. See also footnote 9. interest on refunds is included in expenditures in Table 3. The principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the transfers of tax receipts shown herein, and are included with refunds of internal revenue receipts, applicable to trust accounts. 13/ Amounts appropriated to the Federal Old-Age and Survivors Insurance Trust Fund are equivalent to the amounts of taxes collected and deposited for old-age insurance. Amounts transferred currently for appropriation to the trust fund are based on estimates of old-age insurance tax receipts made by the Secretary of the Treasury (<;2 U.S.C. 4.01 (a)), and are adjusted in later transfers on the basis of wage and self-employment Income records maintained in the Social Security Administration. The Federal Disability Insurance Trust Fund was established by the Social Security Act Amendments of 1956, approved August 1, 1956 {/^ U.S.C. -401 (b)). The act appropriated to the trust fund ajuounts equivalent to specified percentages of the wages and self-employment income, respectively, which are taxed for old-age insurance, and 14/ provided that the amounts appropriated should be transferred from time to time to the trust fund on the same basis as transfers to the Rates of tax Federal Old-Age and Survivors Insurance Trust Fund \p/ were increased by the percentages appropriated to the Federal Disability Insurance Trust Fund, the increase being applicable to wages paid and taxable years beginning after December 31, 1956. 16/ Amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes under the Railroad Retirement Tax Act deposited 17/ in the Treasury, less refunds, during each fiscal year (65 Stat. 222 * and 66 Stat. 371) and transfers are made currently. . 94 89 66 20 23 23 16 14 11 322 343 114 182 154 Footnotes to Table 6/ 212 194 47 49 49 69 79 90 93 96 114 121 Source: 1/ 225 194 160 161 133 111 100 101 29 23 49 253 313 312 304 350 374 330 342 44 4 28 86 93 325 15 5 5 6 5 8 12 11 13 7 1 12 410 and contributions. Includes $210 million received from the French Government and $179 million from the Italian Government for prepayment of loans. Includes $375 million for repayment of advances from Federal extended compensation account (Temporary Extended Unemployment Compensation Act of 1961, approved March 24, 1961) and a decrease of $93 million for transfer of receipts to Commodity Credit Corporation fund. (Continued) The Qnployment Security Act of 1960, approved September 13, 1960 (^ U.S.C. 1101), established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account, beginning with fiscal 1961, amounts equivalent to taxes collected and deposited under the Federal Unemployment Tax Act. The tax receipts are transferred currently on the basis of estimates by the Secretary of the Treasury, with later adjustments as necessary. From that account are to be paid the administrative expenses of the employment security program. Previously the corresponding amounts were included, respectively, in budget receipts and budget expenditures The Highway Revenue Act of 1956, as amended, (23 U.S.C. 120, note) established a Highway Trust Fund from which are to be made, as provided by appropriation acts. Federal-aid highway expenditures after June 30, 1956, and before October 1, 1972. The act appropriated to this fund amounts equivalent to specified percentages of receipts from certain excise taxes on motor fuels, motor vehicles, tires and tubes, and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis of estimates by the Secretary of the Treasury with proper adjustments to be made in subsequent transfers. Before fiscal 1957 corresponding excise tax receipts were included in net budget receipts and Federal -aid highway expenditures were included in budget expenditures. For content, see Table 4. These transactions are included in the detail of both budget receipts and 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 I4). Transfers reduced by $300 million to adjust those made earlier on basis of estimates (see footnote 9). Reflects gross amounts based on reimbursements by trust accounts for refunds of taxes which were made in previous months or fiscal years. Less than $500,000. , Treasury Bulletin , BUDGET RECEIPTS AND EXPENDITURES INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES Source * Infernal Revenue Service collection reports For explanafton of difference in reporting basis from budget receipts through 1954 ^see the Treasury Bulletin for July 1962, p 80, and the Annual Report of the Secretary of the Treasury for 1961 p 495 Beginning with the fiscal year 1955, includes undistributed depository receipts and unapplied collections. The whole amount of such receipts for excise taxes IS included under "Other excise foxes Office of (h« S«er«lorj of tht Traosury " 1 . .. , , . . , June 196 J . BinXxET RECEIPTS AND EXPENDITURES Table 3.- Expenditures by Agencies (in millions of dollars) Executive LegisOffice lative Judiciary of the Branch President Fiscal year or month 65 85 30 9 37 97 99 39 44 10 10 U8 1955 1956 1957 1953 1959 1960 1961 1962 126 47 49 56 56 13-; 52 153 Funds appropriated to the President , , , , , , 1963 (Est.) 1964 (Est.) 1962- July August. 57 70 29 4,381 4,473 4,115 4,081 4,109 1,764 i/ 1,808 2,053 4,636 5,177 5,006 4,875 7,091 5,419 5,929 6,669 159 155 , 65 69 25 31 4,359 4,375 5 2 15 13 4 2 5 2 , ... SeptCTiber, 11 317 337 239 433 802 554 457 6 49 95 82 22 247 258 307 88 113 104 450 404 72 114 119 26 389 31 23 23 18 65 266 229 263 1,023 623 789 86 72 35 4,360 4,331 4,031 122 112 89 412 390 363 93 89 74 24 26 62 61 25 55 58 74 37 37 323 236 346 598 323 524 52 65 86 62 469 436 26 85 25 55 4,177 3,803 4,122 93 2 2 72 384 64 32 68 -229 34 47 137 41 36 36 » 415 391 453 467 50 57 4,085 4,076 80 91 441 405 68 80 26 26 22 52 24 32 67 25 3,400 7,341 624 44,259 1,019 4,542 950 291 666 393 Federal Aviation Agency Genera Services Administration Other independent agencies District 9 7 14 5 2 2 136 56 21 5 3 Treasxjry Department Interest On refunds of taxes 6,370 6,787 7,244 7,607 7,593 9,180 8,957 9,120 62 54 57 74 69 76 83 68 9,700 10,020 71 71 828 794 807 5 October. . November. December. 814 808 840 13 1963-January. . February. 4 March 858 809 825 April. May... 823 823 9,030 1,054 1,165 V 3,692 4,208 3,823 14 9 1963 to date 5,048 5,742 774 525 914 797 57 58 37 6 4 6 1962- July August. .. September. 908 3,092 3,403 3,685 4,215 677 9 1963 (Est.). 1964 (Est.). 136 142 179 206 272 394 412 418 567 1,016 549 831 620 688 1,174 1963-January. February. 1955. 1956. 1957. 1958. 1959. 1960. 1961. 1962. 356 463 518 674 216 214 229 250 258 284 294 2,071 2,295 2,645 140 188 154 3 2 On public debt j/ 182 515 512 572 666 751 690 801 1,993 State Department 1,106 1 riscal year or month 548 573 639 733 807 902 971 999 Post Labor Office DepartDepartment ment 1/ 48,300 51,000 6 1963 to date.. 35,532 35,791 38,439 39,062 41,233 42,824 Justice Department 745 895 4 . . 1,077 1,293 562 2/ 645 382 539 Interior Department 7,493 6,565 15 13 May Civil Military functions Health, Education, and Welfare Department 44,677 48,205 17 March Defense Department Commerce Department 498 594 October. . November. December. April. Agriculture Department Other 6/ 368 879 748 765 Atomic Energy Commission 2/ 985 1,857 1,651 1,990 2,268 2,541 2,623 2,713 2,806 441 508 638 698 1,040 1,141 2,870 2,850 6 75 8 107 1,U0 Ifousing and Home Finance Agency National Veterans Aeronautics Adminiand Space stration Adm. 8/ 129 3 6 7 of Col\imbia Inter- Total by agencies 2/ fiind transactions 13/ 181 315 529 601 911 12/ 940 956 224 794 937 22 22 26 25 31 50 72 64,570 66,540 69,433 71,936 80,697 77,233 82,169 88,419 83 86 94,957 99,482 7,331 8,586 7,327 78 45 12 7 U5 -23 199 1,152 309 502 739 744 1,257 4,405 4,731 4,805 5,098 5,232 5,250 5,401 5,392 791 801 532 594 1,088 695 2,400 4,200 5,532 5,470 607 57 73 56 28 48 209 135 -27 104 35 3 187 140 441 491 400 30 58 82 243 234 209 74 2 62 80 84 243 228 212 62 54 59 45 42 39 -15 99 153 187 187 187 439 442 444 88 101 -92 8,536 8,077 7,772 106 87 86 240 76 52 62 32 38 38 44 -99 485 444 404 33 43 U2 233 194 250 75 8,106 6,788 7,809 227 240 56 44 61 26 -131 -39 271 280 365 434 111 -211 973 2,517 668 417 424 2,253 4,789 299 875 987 2U 226 973 523 570 425 359 408 387 Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the 1964 Budget document, released January 17, 1963, including effects of proposed legislation. Note: Figures in this table are for agencies as constituted at the time the expenditures were made, and therefore do not necessarily represent functions which are confiarable over a period of time. For expenditures by functions on a consistent basis, see Table 6. Agency shifts are reflected in this table as follows: Beginning 1957, Alaska Road Construction from "Interior Department" to "Commerce Department," and Federal intermediate credit banks and production credit corporations as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasiu-y Department" to "General Services Administration," and Infonjational Media Guaranty Fund from "Funds appropriated to the President" to "Independent agencies"; beginning 1959, Federal Civil Defense Administration from "Independent 39 145 401 355 28 5 54 85,403 53 Total budget expenditures 11/ 694 654 633 64,389 66,224 68,966 71,369 80,342 76,539 81,515 87,787 646 679 94,311 M/ 98,802 li/ 7,598 7,473 2,178 12/ 91 68 35 Less: 112 4 46 361 467 567 355 a/ iV 1 200 93 25 3 7,252 8,541 7,327 8,524 8,070 7,572 3,013 6,763 7,806 7,590 7,470 476 84,927 agencies" to "Executive Office of the President," Civil Aeronautics Board from "Commerce Department" to "Independent agencies," Civil Aeronautics Administration from "Commerce Department" and Airways Modernization Board from "Independent agencies" to the "Federal Aviation Agency," National Advisory Commission for Aeronautics from "Independent agencies" to "National Aeronautics and Space Administration"; from fiscal 1960 through November 1962, military assistance from "Funds appropriated to the President" to "Defense Department, military," and thereafter under "Funds appropriated to the President"; and beginning 1962, subscriptions to international institutions from "Treasury Department" to "Funds appropriated to the President." 1/ Consists of net expenditures of the Postal Fund, reflecting the change in classification of Post Office transactions to a public enterprise revolving fund basis, and beginning fiscal 1960 payment for public services. Remaining footnotes on following page. . - . , Treasury Bulletin BUDGET RECEIPTS AND EXPENDITURES Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures (In millions of dollars) Interest payments to the Treasury Fiscal year or month Total interest 1955 1956 , , , , , , 1963 (Est.) (Est.) 196.; 1962- July August . . . September, , October. . November. December, 1963- January. February. March. . . . ity Credit Corp. 60 175 340 421 181 465 355 694 654 633 342 682 640 620 631 662 78 45 1 TennesPanama Canal Company Small Business Admin. see Valley Authority y Veterans' Administration Under Defense Production Act Other 6/ y i/ 12 7 7 200 1 6 1 10 11 9 3 9 9 9 7 15 14 14 19 23 57 45 39 90 118 146 53 55 155 176 10 10 20 27 50 19 55 20 of various agencies 24 25 3 11 17 banks' franchise tax 8/ Charges for audits 172 93 25 51 Federal intermediate credit 5 200 Reimbursement by Panama Canal Company 2/ 48 47 78 45 1 3 181 315 410 330 318 316 26 25 24 31 41 46 43 15 7 32 7 20 24 30 42 17 10 9 12 U 35 6 13 12 40 15 16 73 2 80 90 24 April May 1963 to date.. Export Import Bank of Washington 2/ 20 467 567 173 297 456 557 646 679 , 1957 1958 1959 1960 1961 1962 Coinmod- Housing and Home Finance Agency l/ 2 476 465 183 30 158 Source: See Table 2. 1/ 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. Consists of payments by: Office of the Administrator for college housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association; and Public Housing Administration, Direct loan program. By various agencies for programs under the Defense Production Act, 6/ Consists of payments by: Reconstruction Finance Corporation for 1955; Colorado River Dam Fund, Boulder Canyon project; Virgin Islands Corpo- 47 ^ 1/ 8/ 11 ration; Bureau of Federal Credit Unions; Civil Defense Program Fund; Farmers' Home Administration: Agricultural Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund) beginning 1956, and the direct loan account, both established pursuant to Title III of the Agricultural Act of 1961, approved August 8, 1961; Informational Media Guaranty Fund beginning 1959; Federal Ship Mortgage Insurance Fund beginning 1960; and St, Lawrence Seaway Development Corporation beginning I960. 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 1500,000. Footnotes to Table 3,- (Continued! 2/ i/ A/ 1/ 2/ 8/ 2/ 10/ Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table l). Adjusted for reclassification. Beginning with fiscal 1961, administrative expenses of the employment security program are handled as trust account expenditures rather than budget expenditures, pursuant to the Einployment Security Act of 1960, approved September 13, I960 (-42 U.S.C. llOl); see Table 1, footnote 12. Reported on an accrual basis effective June 30. 1955, Includes Reconstruction Finance Corporation except beginning July 1, Under Reorganization Plan No. 2 195<;, certain functions transferred: of 195^ (15 U.S.C. 609, note) to the Export-Import Bank, the Federal National Mortgage Association, and the Small Business Administration; and under Executive Order 10539, as amended, (15 U.S.C. 603, note) to the General Services Administration. The corporation was abolished at the close of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remaining functions were transferred to the Housing and Home Finance Administrator, Administrator of General Services, Administrator of Small Business Administration, and Secretary of the Treasury. Established pursuant to the Federal Aviation Act of 1958 (^9 U.S.C. 1341 (a)), approved August 23, 1958. Established pursuant to the National Aeronautics and Space Act of 1958 (42 U.S.C. 2472 (a)), approved July 29, 1958. Consists of Federal payment and loans and advances. For content, see Table 4. These transactions are included in the 11/ 12/ U/ u/ u/ 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 10). Effective January 1, 1957, the production credit corporations were merged in the Federal intermediate credit banks, pursuant to the Farm Credit Act of 1956, approved July 26, 1956 (12 U,S.C. 1027), and operations of the merged agencies (as mixed-ownership corporations) were classified as trust enterprise funds (see "Trust Account and Other Transactions," Table 3); previously the operations of the banks and the corporations, respectively, were classified as public enterprise funds and were included net in budget expenditures. Includes $1,375 million paid to the International Monetary Fund for the additional United States subscription, authorized by an act approved June 17, 1959, consisting of $344 million in gold (see "Monetary Statistics," Table 3) and $1,031 million in special notes. The special notes of the United States issued to international institutions are nonnegotiable and noninterest-bearing and are payable on demand. See also "Cash Income and Outgo," Table 5 and "Debt Outstanding," Table 1. Totals include allowance for contingencies of $75 million. Totals Include $175 million allowance for contingencies and $200 million for con^iarability pay adjustment. Less than $500,000. June 19 6 J BUDGET RECEIPTS AND EXPENDITURES Table 5.- Summary of Appropriations and Author Izat lone. Expenditures, and Balances, by Agencies, as of April 30, 1963 (In millions of dollars; negative figures are deductions in the columns in which they appear) Additional, fiscal year 1963 to date Agency Legislative Branch The Judiciary Executive Office of the President Funds appropriated to the President 2/ Agricxilture Department, Commerc e Depa rtment Defense Department: Military functions Civil functions Undistributed foreign transactions Health, Education, and Welfare Department Interior Department Justice Department Labor Department Post Office Department State Department Trea sury Department Atomic Energy Commission Federal Aviation Agency General Services Administration Housing and Home Finance Agency National Aeronautics and Space Administration Veterans' Administration Other Independent Agencies District of Columbia - Federal payment and loans to. Unexpended balances brought forward July 1, 1962 1/ 2/ 79 5 3 12,983 3,904 1,060 Increase Appropria t ions ^ 2/ 147 61 23 6,513 6,648 793 28,697 356 1,832 451 36 230 373 130 416 1,205 Legislative Branch The Judiciary Executive Office of the President Funds appropriated to the President 2/ Agriculture Department Commerce Department Defense Department: Military functions Civil functions Undistributed foreign transactions Health, Education, and Welfare Department Interior Department Justice Department Labor Department Post Office Department State Department Treasury Department Atomic Energy Commission Federal Aviation Commission General Services Administration Housing and Home Finance Agency National Aeronautics and Space Administration Veterans' Administration Other Independent Agencies District of Columbia - Federal payment and loans to. Adjustment to monthly statement of receipts and expenditures of the Government 544 Deduct: Certain interfxind transactions Total budget expenditures 805 49,566 1,086 4,532 1,091 307 12 325 325 907 414 10,794 3,135 766 12,864 1,158 850 10,898 96 907 415 10,794 3,135 746 579 715 3,673 5,453 1,241 1 -20 579 635 3,673 5,253 1,235 59 3,527 Expenditures 6,513 7,234 6 4,532 1,073 307 585 534 Total 42 -338 418 200 59 -282 1,174 Rescissions, cancellations, and other adjustments 8/ 122 Unused authorUndisbursed izations to appropriaexpend from debt receipts Unfunded contract authorizations Invest- ments held 111 15 7 7 3,009 6,874 567 10,395 1,369 756 40,188 927 16,487 4,264 1,293 2 4,137 870 265 180 6,092 2,802 300 38,075 -2 2,227 505 554 74 375 681 177 1,826 599 368 9,130 2,276 607 391 463 1,972 4,355 510 53 3 709 883 2,859 1,544 1,260 99 223 67,229 2 56 93 231 38,075 515 2 10 16 2,227 667 97 74 375 681 178 2,076 2,063 250 2,063 697 13 128 Total 2/ 2/ 36 75 15 51 19 99,418 Unexpended balances April 30, 1963 77,930 Total ^ Transfers, borrowings, investments 6/ 156 61 23 Deductions, fiscal year 1963 to date Agency Other authorizations 49,566 1,086 78,745 Total Authorizations to expend from debt receipts 27 724 709 3,050 846 9,630 11 103 672 27,608 3,547 1,628 8,209 300 12,988 2,859 1,947 11,573 99 100,011 473 77,457 Bureau of Accounts. Details for the current fiscal year to date Source: are shown In Bureau of Accounts report "Budgetary Appropriations and Other Authorizations, Expenditures and Unexpended Balances." 1/ Includes same categories as shown at end of current period. 2/ Although not expended, a substantial portion of these amounts is obligated for outstanding purchase orders and contracts for equipment and supplies, for payrolls, and for similar items. Includes reappropriations. Consists of authorization by law for Government-owned enterprises to borrow (1) from the Treasury (to expend from public debt receipts), or (2) from the public (to expend from debt receipts). i/ Consists of new contract authorizations, established by law for the current fiscal year, net of current appropriations to liquidate either current or prior contract authorizations, Consists of transfers between appropriations; net borrowings from or 6/ 8/ i 2/ 10/ repayments to (-), the Treasury and the public under authority to expend from debt receipts; and net investment in, or sale of (-), public debt securities and certain guaranteed securities issued by Government enterprises. Includes Military assistance formerly shown under Defense Department. Consists of transfers to, or restorations from (-), the surplus fund; rescissions, cancellations, or adjustments of borrowing authority and contract authority; capital transfers to miscellaneous receipts; and other adjustments. Public debt securities and certain guaranteed securities issued by Government enterprises. Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary data used in the monthly statement of receipts and expenditures of the * Less than $500,000. Government. Treasury Bulletin BUDGET RECEIPTS AND EXPENDITURES , Table 6.- Expenditures and Balances by Functions (Fiscal years; in millions of dollars) , . June 19 6 J BUDGET RECEIPTS AND EXPENDITURES Table 6.- Expenditures and Balances by Functions - (Continued) (Fiscal years; in millions of dollars) 1963 through April 1/ Function code number Fvuictiona Interest: Interest on the public debt Interest on refunds of receipts Interest on uninvested funds 1958 7,607 8=-2 74 853 Total interest 7,593 69 9_ 9,180 76 10 7,689 7,671 9,266 89 44 19 502 245 84 233 69 102 109 49 566 295 95 255 86 1,284 1,466 1,542 71,936 80,697 77,233 567 355 694 71,369 80,342 76,539 General government: Legislative functions Judicial functions » Executive direction and management Central fiscal operations General property and records management,. Central personnel management Protective services and alien control Other general government , , . . Total general government 901 902 903 Q04 905 ':>06 908 910 47 21 20 558 372 84 263 Undistributed Total Certain interfund transactions included in both Less: expenditures and receipts Budget expenditures (see table 3) 1961 1962 Expenditures 851 « 1960 1959 8,957 Unexpended balances end of period 2/ 10 Treasury Bulletin BUDGET RECEIPTS AND EXPENDITURES. Table 7.- Detail of Excise Tax Receipts (In thousands of dollars) First three quarters of fiscal year Fiscal year Third quarter of fiscal year Type of Tax 1962 1963 1962 (Jan. -Mar. 1962) 1963 (Jen. -Mar. 1963) Alcohol taxes: 1/ Distilled spirits Wines Beer 2,3U,7<;6 97,803 800,252 2,423,330 99,922 818,030 1,811,043 76,808 591,785 1,868,924 76,154 596,679 526,484 26,595 172,194 536,259 24,401 175,908 Total alcohol taxes 3,212,801 3,341,282 2,479,636 2,541,757 725,273 736,568 Cigars Cigarettes Other 49,604 1,923,540 17,974 49,726 2/ 1,956,527 19,483 36,611 1,455,197 14,457 36,423 1,477,799 13,659 10,249 456,562 4,609 9,813 474,310 4,347 Total tobacco taxes 1,991,117 2,025,736 1,506,264 1,527,881 471,420 488,469 Documentary stamp taxes j/ Playing cards Silver bullion sales or transfers 141,290 8,046 150,639 8,625 113,440 6,475 38,782 14 55 102,654 6,434 96 9 35,045 2,381 17 Total Documentary and certain other stamp taxes U9,350 159,319 119,929 109,184 41,258 37,444 Gasoline Lubricating oil, etc Tires tubes, and tread rubber Passenger automobiles, chassis, bodies, etc Trucks and buses, chassis, bodies, etc. Parts and accessories for automobiles, trucks, etc Radio and television sets, phonographs, components, etc Refrigerators, freezers, air-conditioners, etc Electric, gas, and oil appliances • Pistols and revolvers , Phonograph records Musical instruments Sporting goods (other than fishing rods, creels, etc.). Fishing rods, creels, etc, Business and store machines Cameras, lenses, film, and projectors Electric light bulbs and tubes Firearms (other than pistols and revolvers), shells and cartridges Mechanical pencils, pens, and lighters Matches 2,370,303 74,296 279,572 1,228,629 236,659 188,819 L48,989 55,920 64,483 1,549 22,823 18,113 14,710 6,253 98,305 25,268 32,924 2,406,001 72,931 360,338 1,300,344 256,275 197,227 171,717 54,636 65,574 1,762 24,299 19,036 15,458 6,032 81,710 25,306 33,990 1,862,714 55,313 269,018 924,209 185,237 145,042 129,053 40,554 49,280 1,323 17,670 14,344 12,004 3,816 62,916 21,740 25,404 1,919,404 56,650 305,750 221,221 170,442 136,915 44,669 49,226 1,255 20,602 15,003 13,902 3,939 57,152 21,849 26,924 599,517 17,356 90,035 403,721 63,981 51,588 52,384 10,360 16,302 432 7,589 6,183 3,511 1,343 19,667 7,959 9,829 620,652 16,705 99,260 477,891 79,093 61,369 48,894 11,186 16,830 441 7,992 6,530 4,512 1,139 20,307 7,253 10,777 14,985 9,035 5,165 14,912 8,138 4,653 13,230 6,560 3,474 14,060 6,673 3,098 3,291 2,479 1,109 3,421 2,535 969 Total manufacturers' excise taxes 4,896,802 5,120,340 3,842,902 4,232,551 1,368,637 1,497,756 Furs Jewelry, etc Luggage , etc Toilet preparations 29,226 168,498 68,182 131,743 30,921 173,608 68,599 142,792 24,187 142,386 57,203 113,095 22,604 145,723 60,154 123,124 14,323 67,906 26,342 46,581 13,489 68,246 25,529 49,566 Total retailers' excise taxes 397,649 415,920 336,371 351,605 155,152 156,832 Tobacco taxes: 1/ Documentary and certain other stamp taxes: 14_ 2,467 Manufacturers' excise taxes: ^ , ^ ^ 1,U3,815 Retailers' excise taxes: Footnotes at end of table. (Continued on following page) June 19 6J 11 BUDGET RECEIPTS AND EXPENDITURES Table 7.- Detail of Excise Tax Receipts . (Contlnuedl - (In thousands of dollars) Third quarter of fiscal year First three quarters of fiscal year Fiscal year Type of tax 1961 1962 1962 1962 1963 (Jan. -Mar. 1962) 1963 (Jan. -Mar. 1963) Miscellaneous 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., wire mileage service, wire and equipment service General telephone service Transportation of oil by pipeline Transportation of persons Transportation of property (including coal) Use of safe deposit boxes Coconut and other vegetable oils processed 6/ Sugar Diesel and special motor fuels 2/ 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 Adulterated and process or renovated butter, filled cheese, and imported oleomargarine Firearms transfer and occupational taxes ^ ^ ^ V Total miscellaneous excise taxes Total received with returns and from sale of stamps Undistributed depositary receipts 8/ Unapplied collections Total excise taxes 36,679 33,603 64,357 38,382 35,037 68,300 30,446 26,767 49,664 33,215 30,042 49,758 8,572 9,107 14,251 9,154 9,912 14,871 3-43,894 344,764 489,155 49 260,052 568 6,546 264,444 373,891 275,931 389,952 94,208 134,036 86,799 125,532 35 6 11 1 212,066 465 4,653 203,954 337 4,787 69,319 152 1,460 54,351 80 1,557 483,408 387 264,262 1,306 6,581 89 5 4 14 1 7 91,818 88,856 1,107 75,801 77,108 640 3,155 10,904 3,074 449 4,100 76,128 85,971 658 3,445 12,208 3,703 387 3,956 23,420 26,189 23,284 30,825 174 267 4,317 641 6,682 95,158 103,556 1,089 4,794 14,824 4,184 580 5,349 45,575 79,761 65,311 80,139 13,523 2 51 32 31 3 66 41 38 2 12 10 1,497,526 1,552,250 1,203,047 1,254,633 396,758 378,014 12,145,245 12,614,848 9,488,649 10,017,611 3,158,497 3,295,083 -81,639 98,351 18,885 5,103 -43,177 -78,133 124 3,217,074 5,535 18,375 98 248 640 243 82 l,186r 696 38,977 2,044 1,951 38 12,064,302 12,752,176 9,509,578 10,024,664 3,115,358 Internal Revenue Service reports. The figures shown include Source: collections for credit to special accounts for certain island possesFloor stocks taxes are included with the related classes of tax. sions. 1/ Full detail on a monthly basis is available from the Internal Revenue Service. 2/ Beginning October 1, 1961, the Bureau of Custom's was authorized to accept and deposit payments of internal revenue taxes on tobacco items imported or brought into the United States (26 C.F.R. 275.62). Collections of this type by Customs during October 1961 were included with reporting on class E cigars. 2/ Taxes on issuance and transfers of capital stock and of corporate securities (bonds, debentures, etc.), deeds of conveyance, and policies Issued by foreign insurers, provisions i/ Beginning with the fiscal year 1957, collections reflect the of the Highway Revenue Act of 1956, approved 882 299 57 1,328 18,624 June 29, 1956 (23 U.S.C. 120 note). 5/ 6/ 2/ 3/ » Repealed effective August 1, 1958, by an act approved June 30, 1958 (26 U.S.C. 4294 note). The tax of 3 cents per pound, applicable to the first domestic processing of coconut oil and other vegetable oils, which was suspended from October 1, 1957, through June 30, 1963, under acts approved August 30, 1957, May 29, 1959, and April 22, 1960, is further suspended until June 30, 1966, under an act approved October 23, 1962 (26 U.S.C. 4511 (a)). 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. Revised. r Less than $500. . , . , . Treasury Bulletin 12 TRUST ACCOUNT AMD OTHER TRANSACTIONS. Table 1.- Summary of Trust Account and Other Transactions (In millions of dollars) Trust and deposit fund accounts Net receipts, expenditures count from trust and other tra actions Fiscal year or month 1955 1956 1957 1958 1959 1960 1961 1962 231 -194 195 633 -329 -50 -602 436 991 2,250 1,409 262 -1,511 -359 Net Net receipts expenditures 1/ 2/ 1/2/ V 9,470 11,607 (-), by Government agencies in public debt securities V j/ Net sale, or redemption (-), of securities of Government agencies in the market -1,362 i/ -2,617 -2,300 -197 1,112 -714 -435 -435 1963-January. February. March, , , April..,., May -773 -2,077 357 459 -664 1,365 -739 1,194 3,447 1,622 1,859 2,082 2,362 992 -1,470 572 -119 46 41 -821 485 -127 1,377 2,531 1,684 2,197 2,047 1,811 796 -382 626 -42 -1,483 873 -104 994 3,365 2,128 2,477 2,492 2,232 1,396 -452 43 -39 -17 -209 269 -223 October. ., November December, 27,140 28,029 -126 404 -270 , 26,863 29,540 457 1963 (Est.)... 1964 (Est.) -277 1,511 -15 106 , 565 213 208 -59 -126 , 16,153 16,769 20,342 23,583 24,325 8,479 9,357 12,892 15,892 18,281 20,700 23,018 24,111 -693 -107 - 1962-July August ... September Net sale, or investment Excess of receipts, or expenditures (-) -277 2,647 1,757 4,662 2,035 2,015 616 -2,827 -70 -44 U,301 Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see page II); estimates are from the 1964 Budget document, released January 17, 1963, including effects of proposed legislation. l/ Certain intertrust fund transactions are excluded from both receipts and expenditures beginning with the July 1961 issue of the Bulletin, For detail see Table 6. Beginning with the February 1963 Bulletin amounts for refunds of taxes 2/ (principal only) have been deducted from receipts, and therefore y 602 i/ 173 1,085 567 71 1,023 -733 658 10 3 are excluded from expenditures. Also includes guaranteed securities (see Table 4). Effective July 1, 1955, security transactions of Government-sponsored enterprises are included in deposit fxind account expenditures (net) and excluded from net investment by Government agencies in public debt securities (see Table 4) and from net redemption or sale of obligations of Government agencies in the market (see Table 5). Figures for 1955 have been revised to the new classification basis, Adjusted for reclassification of certain repayments of advances from the general fund. j/ ^ ^ Table 2.- Trust Account Receipts (In millions of dollars) Fed. Dis- Fiscal year or month FGASI Trust Fund 1/ ability Ins, Trust Fund Railroad Retirement Account Unemployment Trust Fund National Service Life Insurance Fund Government Life Insurance Fund 1957 1958 1959 1960 1961 1962 6,937 7,101 7,824 8,109 10,360 11,824 12,011 1,062 1/ 1,083 1,092 700 739 723 695 758 1,403 1,051 1,081 1963 (Est,) 1964 (Est,) 13,781 15,569 1,141 1,177 1,111 1,219 4,042 4,288 681 680 48 409 1,848 840 36 13 188 156 520 1,256 743 44 108 81 16 82 1963-January, ,. February,, 167 1,826 18 141 March 1,232 85 13 84 53 April 868 2,771 201 16 96 1955 1956 5,535 1962-July August , , , September. October, . November, December, May 339 943 929 1/ 78 73 69 67 63 61 58 54 54 Highway Trust Fund 1/ 708 1,025 1,397 1,458 1,741 1,766 2,033 2,086 1,482 2,044 2,088 2,541 2,800 2,955 2,160 2,339 3,224 3,310 149 159 137 281 52 45 42 1 88 76 76 1,997 2,703 3,803 6/ 3,985 590 649 608 640 634 643 668 664 1,425 1,728 1,912 1,855 Federal employees' retirement funds 37 1 162 489 153 43 2 1 1 171 163 277 220 lU 282 209 820 52 38 2 167 149 125 41 213 945 41 39 35 38 Source: See Table 1, 1/ See Table 1, footnote 2. 2/ Includes principally District of Columbia receipts from taxes and from Federal contributions, loans, and grants; funds appropriated to the President - mutual security trust funds; Indian tribal funds; increment resulting from reduction in the weight of the gold dollar; and the Railroad Unemployment Insurance Administration Fund through November 1958 (for treatment after November 1958, see Table 10, published quarterly), 2/ For content see Table 6, These transactions are Included in the detail 3 332 288 1 1 161 261 234 279 1 2 171 208 258 308 Other trust accounts 2/ 1/ Less: Intertrust fund transactions j/ Net trust account receipts V V 16,164 16,904 21,250 1/ 24,098 24,853 11 135 908 515 528 9,470 11,607 14,301 16,153 16,769 20,342 23,583 24,325 1,160 1,364 27,354 29,994 491 454 26,863 29,540 73 79 104 1,195 3,459 1,623 1 12 1 1,194 3,447 1,622 143 188 194 1,378 2,545 1,685 109 998 3,378 2,130 449 467 681 638 V Total trust accounts 585 711 779 925 86 152 115 98 9,485 11,619 16 12 U,311 10 1,759 4,666 14 1,377 2,531 1 ^ 1,684 1 4 13 994 3,365 1 2,128 1 1,757 4,662 3 of both trust receipts and trust expenditures, but are deducted from the totals. i/ ^ Excludes certain intertrust fund transactions consisting mainly of financial interchanges between trust funds resulting in receipts and expenditures (see footnote 3), See Table 1, footnote 5. Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax Act are transferred currently to an administration account in the Unemployment Trust Fund pursuant to the Biiployment Security Act of 1960, approved September 13, I960 (42 U.S.C. 1101 (b)); see "Budget Receipts and Expenditures," Table 1, footnote 12. . . . JtLtie , 19 6 J 13 TRUST ACCOUNT AND OTHER TRANSACTIONS Table 3.- Trust and Deposit Fund Account Expenditures (in millions of dollars; negative figures are excess of credits) Trust accounts, etc. Fiscal year or month Federal Old-Age and Survivors Insurance Trust Fund 1/ Federal Disability Insurance Trust Fund Railroad Retirement Account Unemployment Trust Fund National Service Life Insurance Fund 1,965 1,393 1,644 3,148 3,054 2,736 4,734 i/ 3,906 538 512 515 544 562 582 707 626 488 Government Life Insurance Fund 1,226 1,354 3,000 3,391 53 52 10 7 94 96 43 4 95 239 317 279 -64 30 * -33 -5 25 349 308 267 12 -16 -51 -11 94 95 98 220 -1 84 100 100 173 216 14,518 15,331 1,246 1,319 1,112 1,099 3,750 3,770 1962-July August September 1,146 1,157 1,157 93 94 93 88 99 88 205 204 218 October. November. December. 1,173 1,167 1,163 98 96 98 89 101 90 213 240 280 50 45 39 1963-January. February. March, . . 1,114 1,182 1,199 165 98 102 90 101 91 418 748 422 279 41 41 1,209 1,217 100 100 91 92 359 233 38 . April. May . . . -93 -94 41 78 58 1963 (Est.)... 1964 (Est.)... V Financing Other by Treasury operations 83 94 96 1962 181 361 1/ 561 746 1,089 1 funds Federal National Mortgage Assoc, 2/ 966 1,512 2,613 2,945 2/ 2,620 2,784 585 611 682 730 778 1,136 1,124 1,135 1957 1958 1959 1960 1961 ret ireraent Highway Trust Fund 1/ 430 507 591 699 792 896 955 1,063 4,436 5,485 6,665 8,041 9,380 11,073 11,752 13,270 1955 1956 Federal employees' 792 35 84 87 86 120 80 98 95 95 18 5 6 153 196 9 206 929 102 176 946 -73 317 3 -42 42 -16 250 485 -57 63 8 3 -49 -119 -151 -169 -164 1 . u Treasury Bulletin TRUST ACCOUNT AND OTHER TRANSACTIONS. Table 4.- Net Investment by Government Agencies In I*ubllc Debt Securities (In millions of dollars; negative figures are excess of sales) Trust accounts Fiscal year or month Total 1/ Total trust accounts Federal Old-Age and Survivors I ns' 'ranee 2/ Trust Fund Federal Disability Insurance Trust Fund V 714 435 435 1,236 2,516 2,263 106 -1,214 548 286 244 1,241 1,463 220 -499 -1,290 -726 -225 -1,089 1963 (Est.). 1964 (Est.). 773 2,077 478 -734 1,703 79 1962- July. August September -992 1,470 -572 -1,013 1,449 -520 -852 752 -369 -67 October. November December -796 -847 382 -626 369 -612 196 3 -January. February, March. -1,396 452 -43 -616 2,827 1,362 2,617 5/ 1955. 1956. 1957. 1958. 1959. 1960. 1961. 1962. 2,300 197 -1,112 April. May... Railroad Retirement Account National UnemployService ment Life Trust Insurance Fund Fund Government Life Insurance Fund Federal employees' retirement funds Highway Trust Fund Federa intermediate credit banks j/ 3U 72 73 135 89 95 76 62 -44 44 -1 -16 -16 -56 -17 -21 -35 -44 1,063 1,034 404 418 -393 -428 233 202 Other trust accounts 21 141 121 36 -33 -35 264 -78 -63 -104 -145 293 519 -111 192 -26 -9 939 985 224 -91 -2 120 -72 -6 -55 -79 622 -109 -10 -7 -15 63 41 32 -16 -9 -6 -4 -3 55 45 -4 -11 -655 135 -386 -46 -4 -72 -66 -20 -67 -126 286 -118 -5 -3 -5 -4 -2 -5 74 64 -41 -90 22 47 5 -10 -1,433 446 -39 -881 337 -69 10 -296 -226 -2 -2 -168 -2 -15 -3 -4 70 61 47 17 69 69 12 5 55 -47 -32 -20 -U -621 2,747 -526 1,703 -15 -78 53 3 -5 -3 95 80 100 50 20 99 325 729 552 494 285 -1 -545 258 274 -1,255 -1,011 -41 -952 -216 760 548 803 671 958 871 14 85/ 99 28 -100 36 45 72 41 66 53 3 1 ,. ., .. . . 1 ) June 19 6 J 15 . TEUST ACCOUNT AND OTHKR TRANSACTIONS . Table 5,- Net Redemption or Sale of Obligations of Government Agencies in the Market (In millions of dollars; negative figures are excess of sales) Securities not guaranteed by the United States Securities guaranteed by the United States Public enterprise funds Fiscal year or month 1955 1956 1957 1958 1959 1960 1961 , , , 1962 , 1963 (Est.)... 196A (Est.) 1962- July Axigust, ,, September Total 1/ -602 -173 -1,085 -567 -71 -1,023 733 -658 Total guaranteed Federal Farm Mortgage Corporation Home Owners' Loan Corporation Federa Housing Administration Public enterprise funds Trust enterprise fund Total not guaranteed 1/ D. C. stadium fund Federal National Mortgage Association 2/ -69 -44 136 6 6 -10 -29 -100 -204 -10 -28 -81 -204 -357 -459 -Ul -Ul 71 71 -3 -22 -18 -3 -22 -18 -233 -216 -530 119 -46 -41 Home Owners' Loan Corporation -570 -639 -144 -1,052 -573 -61 -994 833 -454 37 -30 -33 37 -30 -33 Federal intermediate credit banks 2/ 123 -24 -24 -19 October. November December. -10 1 1 -3 42 -16 -15 -16 -15 -11 13 57 1963-January, February. March,. . 39 17 209 -13 -10 -7 -13 -10 -7 27 217 70 44 -14 -15 -14 -15 6 797 84 58 April. .. May 52 Securities not guaranteed by the United States Public enterprise funds - (Cont. Fiscal year or month Tennessee Valley Authority Trust enterprise funds Federal intermediate credit banks 2/ Federal National Mortgage Association Gr ^ - (Continued) Memorandum emment-sponsored enterprises Federal home loan banks Federal intermediate credit banks 2/ Total Governmentsponsored enterprises Banks for cooperatives 10 -23 -46 -20 -86 -46 -52 -48 -226 -588 191 282 -554 -284 200 -750 -340 -144 -124 -132 -53 -261 -230 -95 -242 -250 -220 -192 -200 -160 -150 -200 -175 -70 -26 20 -50 90 67 47 1957 1958 1959 1960 1961 1962 -50 -95 -359 -269 -872 -86 167 -1,222 -723 -195 -1,122 1963 (Est. )... 1964 (Est.)... -50 -216 -480 -400 -565 -40 -40 1962- July August . . September 123 -24 -24 -382 -254 -52 6 8 -312 -126 -25 October, November, December. -11 13 57 -395 68 22 -5 -448 -25 1963-January.. February. March. . . 52 280 194 25 1955 1956 -238 -225 58 April. May . . -100 -950 -115 -125 -994 86 2/ 1 -3 2/ ^ * 282 260 -57 M9 -55 1 -1 -288 84 58 Table 3). Classified as a public enterprise fund prior to January 1, 1957; as trust enterprise fund January 1, 1957, to January 1, 1959; and as a 3 -32 95 27 217 Source: See Table 1, 1/ Excludes net transactions of Government-sponsored enterprises (see Federal land banks 102 -123 -92 -102 » Government- sponsored enterprise thereafter, Management and liquidating functions, Secondary market operations, Less than $500,000, -34 -64 . 16 THUST ACCOUNT AND OTHER TRAMSACTIONS Table 6.- Intertrust Fund Transactions Excluded from Both Net Trust Account Receipts and Net Trust Account Expenditures . , . Jane 196) 17 CASH INCCME AND OUTGO actions which are reoorted as both expenditures and receipts Noncash Items representing the are excluded from both. The cash Income and outgo data appearing In the Treas- beginning with the February I956 Issue, are on a basis consistent with receipts from and payments to ury Bulletin, obligation of the Oovernment to make payments In the future also are eliminated from expenditures but are added later the public as derived In the 1957 and subsequent Budgets of the United States (In the Budget for 1963 In Special Analysis 3). These Items consist of certain Interest accrued on the public debt, expenditures Involving the Issuance of a few special public debt securi- when actual payments are made. Reconciliation to cash deposits and with- drawals In the account of the Treasurer of the United States Is shown on the same basis as In the Budget documents. ties, and clearing accounts. Receipts from the exercise There Is also shown the amount of net cash borrowing from, of monetary authority are excluded as not representing cash or repayment of borrowing to, the public. received from the public. By these arrange- ments, data In accordance with the Budget olasslflcatlone are made available month by month. Federal cash borrowing from the public includes net borrowing by the Treasury through public debt transactions and also net borrowing by Government Figures for back years have been revised where necessary In order to make them as agencies and Government-sponsored enterprises through sales nearly comparable with current Budget classifications as of their own securities. available data will permit. debt which do not represent direct cash borrowing from the For this reason certain of the The net effect of all these transactions with the public Is reflected in changes in the balance in the Treas- figures differ somewhat from those published In earlier public. Budget documents as well as In the Bulletin. urer's account and in cash held outside the Treasury. The Bureau of the Budget series of cash transactions Is Cash transactions through the Treasurer's account are similar in general concept to those included in the Bureau of the Budget series, but are limited in coverage to trans- designed to provide Information on the flow of money between the public and the Federal CJovernment as a whole, and therefore Includes transactions not cleared through actions which affect the balance in that account. On the other hand, they Include receipts from the exercise of monetary authority, which are excluded from receipts from Receipts and payments include the Treasurer's account. transactions both In budget accounts »nd In trust and deposit fund accounts. Operations of Government-sponsored enterprises are Included In payments on flected In Treasury reports. the public In the Bureau of the Budget series. basis ae re- a net It excludes changes in the public Major Intragovemmental trans- Table 1.- Summary of Federal Government Caph Transactions with the Public (In millions of dollars) Net cash transactions with the public other than borrowing Period Fiscal yea 1955 1956 1957 1958 1959 1960 1961 1962 Federal receipts from the public 1/ Federal payments to the public 1/ Net cash borrowing from the public, or repayment (-) Plus: Excess of receipts, or payments (-) 67,836 77,087 82,105 81,892 81,660 95,078 97,242 101,887 70,537 72,616 80,006 83,412 94,804 94,301 99,528 107,711 -2,702 4,471 2,099 -1,520 -13,144 777 -2,286 -5,824 1,809 -4,366 -3,100 5,760 8,678 1,821 698 9,621 108,431 112,196 116,774 122,477 -8,343 -10,281 3,994 10,232 53,249 44,680 50,840 53,898 2,408 -9,217 -2,426 9,180 97,929 104,738 -6,809 57,207 49,023 53,813 58,136 -9,1U 106,229 111,950 -5,720 4,567 10,328 11,140 9,314 10,577 8,639 -4,747 -249 2,501 4,150 9,289 9,548 10,149 10,021 9,436 -5,998 -732 March 6,285 10,352 11,548 8,830 8,776 8,997 -2,544 1,57b 2,552 April. May. . 7,251 11,327 9,728 9,991 -2,476 1,336 95,787 104,458 -8,671 1963 (Est.). 1964 (Est.). 1961-Jan.-June.. July - Dec. Total 1962-Jan.-June.. July - Dec. Total 1962- July August . . , . September. October,, November, December, 1963-January, ,, February, , 1963 to date. 3,393 112 Source: Actual figures are based on the monthly statement of receipts and expenditures of the Ciovernment and the daily Treasury statement (for explanation of reporting bases, see page II); estimates are from the 1964 Budget document released January 17, 1963, Including effects of proposed legislation. . . 18 Treasury Bulletin . CASH INCCME AND OUTGO , Table 2.- Derivation of Federal Government Receipts from the Public, and Reconciliation to Cash Deposits In the Account of the Treasurer of the United States (In millions of dollars) Receipts (net) Less: 1/ Deductions from receipts Equals: Budget Trust account 2/ Total 2/ Intragovernmental transactions (See Table 4) 1/2/ Excess profits tax refund bond redemptions Receipts from exercise of monetary authority Federal receipts Total defrom the duct ions public Va/ Reconciliation to cash trans, actions in Treasurer's account Receipts from exercise of monetary authority 4/ Plus; 2/ Adjustment for net difference due to reporting method (see also Table 3) 1/ Equals: Cash deposits in the Treasurer's account Fiscal year: 1962 60,209 67,850 70,562 68,550 67,915 77,763 77,659 81,409 16,153 16,769 20,342 6/ 23,583 24,325 69,678 79,457 84,863 84,703 84,685 98,105 6/ 101,243 105,734 1,814 2,346 2,709 2,751 2,980 2,975 3,946 3,789 1963 (Est.).. 1964 (Est.).. 85,500 86,900 26,863 29,540 112,363 116,440 1961- Jan. -June. July-Dec . 42,330 35,826 13,588 10,673 Total... 78,157 1962-Jan.-June. July-Dec . Total... 1955 1956 9,470 11,607 29 23 55 58 67,836 77,087 82,105 81,892 81,660 95,078 97,242 101,887 3,893 4,195 39 49 3,932 4,244 108,431 112,196 49 55,918 46,499 2,643 1,782 27 37 2,670 1,819 53,249 44,680 27 37 38 1,105 45,822 24,260 102,417 4,425 63 4,488 97,929 63 1,144 99,136 45,583 39,126 13,652 11,856 59,235 50,982 2,007 1,935 21 24 2,028 1,959 57,207 49,023 21 24 202 1,589 57,430 50,636 84,709 25,508 110,217 3,942 45 3,987 106,229 45 1,791 108,066 3,566 7,089 10,053 1,194 3,447 1,622 4,761 10,536 11,675 190 204 532 194 208 535 4,567 10,328 11,140 172 1,111 4,743 11,443 10,632 Oct Nov Dec 3,030 7,027 8,360 1,377 2,531 1,684 4,406 9,559 10,044 253 265 491 256 269 496 4,150 9,289 9,548 l,375r -1,074 4,669 10,669 8,479r 196 3- Jan Feb 5,533 7,305 9,663 994 3,365 238 2,128 6,527 10,670 11,791 239 241 318 243 6,285 10,352 11,548 1,429t 685 816 7,718 11,040 12,368r 5,735 6,953 1,757 4,662 7,493 11,615 238 286 241 289 7,251 11,327 -14 1,009 12,338 1962- July Aug Sept Mar Apr May U,301 49 59 44 53 315 Source: See Table 1, Details of basic receipt figures appear in preceding sections in the Bulletin. 1/ 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; they were further revised in the July 1961 issue for deductions of certain intertrust fund transactions from both trust account receipts and trust account expenditures (see pp. 2, 5, 12, and 13). Formerly such transactions were included in the intragoverranental transactions which were deducted in deriving receipts from and payments to the public. 2/ Revised beginning with the February 1963 Bulletin to Include principal amounts of refunds of taxes as deductions from trust account receipts Previously such amounts were included with trust account expenditures. J/ V 5/ 6/ * 29 23 49 59 44 -106 -31 -279 142 -93 -269 -400 -337 1,843 2,370 2,758 2,811 3,025 3,027 4,001 3,847 1957 1958 1959 1960 1961 53 55 58 67,758 77,079 81,875 82,094 81,612 94,862 96,897 101,608 108,470 112,245 39 -512 515 53, 3M 7,241 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). Adjusted for reclassification of certain repayments of advances frcm the general fund. Revised, Less than $500,000. r , June 196J 19 CASH INCCME AND OUTGO Table 3.- Derivation of Federal Government Payments to the Public, and Reconciliation to Cash Withdrawals from the Account of the Treasurer of the United States (In millions of Budget 1/ Trust and deposit fund account 1/ 2/ Intra- Governmentsponsored enterprise (See Table 4) 1/ 2/ Total i/ 2/ Fiscal year: 1955 1956 1957 1958 1959 1960 1961 1962 6/;,389 66,224 63,966 71,369 80,342 76,539 81,515 87,787 8.480 9,358 8/ 12,893 15,893 18,282 20,698 2/ 23,016 24,109 98 324 45 -629 1,290 487 -236 1,094 Accrued interest and other noncash expenditures Equals: Federal payments to the public Table 5) govem- (net) 2/ Reconciliation to cash transactions in the Treasurer's account Deducti from expenditures Less: Expenditures mental transactions (See 5/ 72,966 75,906 81,904 86,634 99,915 97,724 2/ 104,295 112,990 1,314 2,346 2,709 2,751 2,980 2,975 3,946 3,789 615 943 -811 470 2,131 449 821 1,490 70,537 72,616 80,006 83,412 94,804 94,301 99,528 107,711 Less: Payments to the public not reflected in the Treasurer's account Proceeds of sales in the Cash held market of agency outside obligations and the public debt Treasury securities (See Table 6) 312 202 -5 -140 23 4 222 -118 Clearing accounts 6/ Adjustment for net difference due to reporting method (See alscJ Table 2) 1/ 230 399 549 506 646 520 622 866 -106 -31 -279 -175 -294 -1,904 1,327 -306 309 U2 -93 -269 -400 -337 -510 1,259 1963 (Est.)... 196-4 (Est.)... 94,311 98,802 27,H0 135 352 121,586 127,184 3,893 4,195 919 28,029 512 116,774 122,477 1961- Ja n . - June . July - Dec. 41,298 43,165 12,679 12,010 -159 769 53,818 55,945 2,643 1,782 334 265 50,840 53,898 274 -199 497 339 306 1,153 Total... 84,463 24,689 610 109,763 4,425 599 104,738 74 836 1,458 1962- Jan. -June.. July - Dec. 44,622 47,286 12,099 12,357 325 694 57,045 60,338 2,007 1,935 1,225 266 53,813 58,136 81 -4 527 477 107 569 91,907 24,456 1,019 117,383 3,942 1,491 111,950 1,004 675 1,859 2,082 2,362 331 213 45 9,442 10,837 9,733 190 204 -62 Aug Sept 7,252 8,541 7,327 532 55 562 Oct Nov Dec 8,524 8,070 7,572 2,197 2,047 1,811 -48 -135 10,673 9,982 9,671 253 265 491 1963- Jan Feb 8,013 6,763 7,806 2,477 2,492 2,232 -187 9,821 3,991 9,351 238 -264 7,590 7,470 2,035 2,015 269 292 9,893 9,776 Total 1962- July Mar Apr May 9,314 10,577 8,639 -85 52 -60 99 173 272 -305 -256 10,149 10,021 9,436 39 57 -6 48 5 53 52 -276 428 239 753 -101 615 8,830 8,776 8,997 -57 -73 245 10 ^6 99 -114 963 -266 238 286 -73 -501 9,728 9,991 -100 208 88 163 -264 520 315 52 441 60 1 , . ' 20 Treasury Bulletin CASH INCCME AND OUTGO Table 4.- Intragovernmental Transactions Excluded from Both Receipts and Payments (In millions of dollars) Period Fiscal year: 1955 1956 1957 1958 1959 1960 1961 1962 Budget receipts which are also Governmentsponsored enterprise expenditures Budget receipts which are also trust fund expenditures 1/ 2/ Trust fund receipts which are also budget expenditures Interest on uninvested trust funds Interest on investment h\ public debt securities 30 36 1,173 1,207 1,318 56 59 69 69 79 6 1,342 1,315 1,327 1,404 1,423 'i5 1963 (Est.).. 568 1964 (Est.).. 505 176 46 ^ 10 10 10 166 521 695 681 846 819 1,619 1,423 11 12 878 948 971 1,183 3,893 4,195 439 419 1,043 876 2,643 1,782 8 9 980 431 Total... Total 2/ 6/ Other 439 574 644 662 746 747 841 848 5 5 1,459 1,543 1961-Jan.-June. July - Dec Payroll deductions for employees retirement 1,410 1,8U 2/ 2,346 2,709 2,751 2,980 2,975 3,946 3,789 1,919 4,425 1962-Jan.-June. July -Dec. 33 398 993 429 429 447 548 652 2,007 Total... 430 1,422 876 1,199 3,942 1962- July August .... September. 6 31 7 73 76 107 84 108 190 204 67 83 77 71 125 119 109 253 265 491 5 349 1,935 532 October. . November, December, 4 26 8 40 43 303 1963- January. . February. 25 383 64 9 39 11 82 71 79 122 -182 238 84 239 20 40 61 83 83 94 134 238 286 March April May , 7 Source: See Table 1. 1/ Includes reimbursements for administrative expenses by the Jederal Old-Age and Survivors and the Federal Disability Insurance trust funds, and beginning 1961, the Unemployment Trust Fund; reimbursements for refunds of employment and certain excise taxes (highway) through fiscal I960; reimbursement by the District of Columbia; Federal National Mortgage Association for payment of dividends, interest, etc., under secondary market operations; and Federal intermediate credit banic franchise tax and repayment of capital stock to the Treasury after December 1956 and before January 1959. 2/ See Table 2, footnote 2. 2/ Consists of payment of franchise tax by banks for cooperatives, and also by Federal intermediate credit banks beginning January 1959. a/ Includes relatively small amounts of deductions from salaries paid by trust funds and Government-sponsored enterprises Beginning with fiscal 1958 excludes deductions from salaries of District of Columbia , ^ 6/ 7/ 315 employees, and beginning with fiscal 1959 excludes voluntary contributions Consists of payments to employees retirement funds representing employing agency. Federal Government, and Government corporation shares of contributions; payments to the Railroad Retirement Account (for creditable military service), the Unemployment Trust Fund, veterans' life insurance funds. Judicial Survivors Annuity Fund, trust fund for technical services and other assistance under the agricultural conservation program, and District of Columbia; and awards of Indian Claims Commission. Figures in this column differ from those previously published because budget receipts which are also budget expenditures, and trust fund receipts which are also trust fund expenditures are no longer included; see Tables 2 and 3. Adjusted for reclassification of certain repayments of advances from the general fund. * Less than $500,000. . ' . . . June 196) 21 CASH INCCME AND OlTrGO , Table 5.- Accrued Interest and Other Noncash Expenditures Excluded from Payments (In millions of dollar Net accrued interest on Period Fiscal year: 1955 1956 1957 1958 1959 1960 1961 1962 savings bonds and discount on Treasury bills 1/ 497 456 388 254 801 341 222 641 Noncash ofpubl-:- Other accrued interest on public debt 2/ ciiditures involving issuance securities 2/ Special notes to - 6/ Adjusted service bonds ^ Armed Forces leave bonds ^ 26 International Monetary Fund 156 175 -674 -450 1,361 259 258 171 82 39 93 76 132 6 18 International Development Association Inter-American Development Bank Clearing account for checks outstandings etc. 2/ -55 238 -55'; 576 Total 615 943 -811 470 2,131 449 821 1,490 55 -105 -281 279 548 70 25 -100 -100 919 -22 525 -348 334 265 58 58 1963 (Est.)... 196.4 (Est.)... 619 610 1961-Jan. - June July - Dec. 42 428 -258 211 -108 58 25 Total.... 470 -48 -81 ^8 25 1962- Jan. - June July - Dec. 213 415 -192 407 279 345 36 30 70 896 -1,006 1,225 266 627 215 624 36 100 -110 1,491 101 544 -62 76 21 -459 424 -707 103 117 91 53 72 409 -560 49 -258 120 -381 272 -305 -256 78 48 11 551 -629 484 -17 -15 -15 141 496 134 753 -101 615 April 71 May J3 412 -578 16 -5 -571 50 -73 -501 Total 1962- July August September. October. . November. December. . . . 1963- January.... February. . March 295 Source: See Table 1. 1/ Accrued interest on savings bonds. I.e., the difference between the purchase price and the current redemption value, and the discount on bills at the time of issuance^ less interest paid on savings bonds and bills redeemed. 2/ Net increase, or decrease (-), in accrued liability except for 1955 which includes the net change in public debt interest checks and coupons Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redenptions; net issuance, or redenption (-). 4/ Issued in 1936 in exchange for adjusted service certificates held ^ 36 27 335 58 -22 ^ 6/ 7/ * by veterans of World War 30 15 25 512 599 55 562 I. The bonds matured in 1945. Issued in 1947 in payment for accumulated leave. The last of these bonds matured in 1951. Parts of the United States subscriptions to the International Monetary Fund, the International Development Association, and the Inter-American Development Bank were paid in nonnegotiable noninterestbearing notes of the United States, payable on demand. See "Budget Receipts and Expenditures," Table 3, footnote 13. Checks outstanding less deposits in transit, and changes in other accounts; net increase, or decrease (-). Less than $500,000. , , Treasury Bulletin 22 CASH INCOME AND OUTGO Table 6.- 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 Period Public debt increase, or decrease (-) Plus: Net sale of obligations of Government enterprises in the market Public and trust enterprise funds Governmentsponsored enterprises 3,115 -1,623 -2,224 5,816 8,363 1,625 2,640 9,230 602 173 1,085 567 269 872 86 -167 1,222 723 195 1,122 5,293 12,110 357 459 400 -1,246 7,198 Net investment in Federal securities by Government agencies }/ Less: Trust funds Public enterprise funds Governmentsponsored enterprises Equals: Increase in securities held by the public, or decrease (-) Fiscal year: 1955 105 -1,215 551 289 246 12b 101 36 91 102 166 149 191 565 478 1,703 -240 394 180 506 5,952 154 2,032 5,269 1,236 2,516 2/ 2,262 171 549 28 2,454 -3,743 -3,392 5,560 10,837 2,418 1,234 10,544 295 374 265 212 5,013 10,844 677 -1,260 36 39 339 -263 -2,358 9,583 686 -583 75 75 7,225 263 -62 616 935 1,507 -1,175 152 40 291 241 961 7,037 7,301 202 1,552 332 192 532 7,998 -325 3,966 -2,344 -119 46 41 382 -1,013 1,449 -520 22 21 -53 51 879 2,755 -1,685 2,569 3,323 -1,920 10 -847 51 13 -42 395 -68 -22 -39 -17 -209 -280 -194 March -53 1,221 -1,645 -95 -1,433 446 -39 April 173 -70 -44 1 -621 5 288 2,747 79 1956 1957 1958 1959 1960 1961 1962 , , , , , , 1963 (Est.) 196<; (Est.) 1961-Jan. - June. July - Dec, Total 1962-Jan. - June, July - Dec Total 1962- July August September. . October. ,,,, November, . . December, , . 1963- January February. . . May Footnotes at end of table. 2,038 71 1,023 -733 658 3 254 -6 (Continued on following page) 369 -612 -U 37 6 -4 a 461 -68 236 432 41 -51 443 67 -310 3,327 2,810 2/ -1,048 ]/ 389 70 92 636 488 -1,999 -268 -4 988 -541 s . . : June 196 J 23 CASH INCdffi AND OUTGO Table 6.- 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 - (Continued) (Net borrowing, or repayment of borrowing (-); in millions of dollars) Less: Net accrued interest Period on savings bonds and Trea sury bills V Fiscal year; 1955 1956 1957 1958 1959 1960 1961 1962 Deductions for noncash and other transactions Issuance of public debt securities representing expenditures, or refunds of receipts 2/ Armed Adjusted Forces service leave bonds 6/ bonds 6/ 497 456 -7 388 254 801 341 222 641 -6 -4 -2 -2 -1 -1 Special notes to International Monetary Fund 6/ 156 175 -674 -450 1,361 259 258 171 International Development Association 6/ Inter-American Development Bank 6/ Equals: Net cash Excess profits tax refund bonds 7/ Total deductions borrowing from the public or repayment , (-) 644 623 -292 -200 2,160 597 536 923 1,809 -4,366 -3,100 5,760 8,678 1,821 698 9,621 58 58 55 36 -22 25 1,019 612 Less: Equa Is Transactions not reflected Net cash borrowing through the Treasurer's account, or repayment (-) in the Treasurer' account 8/ 230 399 549 506 646 520 622 866 3,994 10,232 1,579 -4,765 -3,648 5,253 3,032 1,301 76 8,755 1963 (Est.)... 1964 (Est.)... 619 610 ,1961-Jan. - June July - Dec. 42 27 -108 58 25 68 402 -2,426 9,130 497 428 339 -2,923 8,841 Total.... 470 -81 58 25 470 6,755 836 5,913 1962-Jan. - June July - Dec. 213 415 279 345 .30 -37 70 440 6,172 527 36 521 865 477 5,695 Total.... 627 624 36 100 1,386 6,612 1,004 5,608 1962- July August September.. 101 101 411 21 773 2,344 -1,706 99 173 678 2,171 -1,758 3,206 1,262 289 43 53 575 10 96 99 564 359 -2,094 901 -568 88 163 813 -731 October... November. . December.. 1963- January. ... February. , 76 21 91 53 72 295 335 10 March 11 71 33 30 15 25 58 -22 -17 -15 -15 April 16 -5 May 78 48 Source; See Table 1. 1/ In this table, 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 3 under "Trust Account and Other Transactions," these amounts are included with other trust accounts. 2/ Does not include investments representing acquired securities amounting to $1,643,070 (par value) and donation of securities amounting to $45,800 (par value). i/ Includes $1,412 million of 2-3/4 percent Treasury bonds of 1960-65 acquired by Treasury in the November 15, 1962 refunding and held in a Treasury suspense account until maturity on December 15, 1962. Accrued discount on savings bonds and bills, which is included in the ^ 70 121 1,548 2/ 1,337 i/ 61 37 28 }} -4 5/ 6/ 7/ 8/ 2/ » 3,994 10,232 52 52 3,158 1,209 2/ 236 principal of the public debt, less interest paid on savings bonds and bills redeemed. Treated as noncash transactions at the time of issuance and as cash transactions at the time of redenqstion; net issuance, or redemption (-). Excluded from borrowing because the transactions are treated as expenditures in Table 5. Excluded from borrowing because the transactions are treated as deductions from receipts in Table 2. Market transactions in public debt securities and agency obligations. Includes balance in the account "Payment for 2-3/4 percent Treasury bonds of 1960-65 called for redemption on December 15, 1962." See footnote 3. Less than $500,000. s ) . Treasury Bulletin 24 CASH INCCME AND OUTGO Table 7.- Summary of Cash Transactions through the Account of the Treasurer of the United States (in millions of dollars) Net cash transactions other than borrowing Deposits and withdrawals (budget, trust, and other accounts) Period Cash deposits Cash withdrawals 1/ Excess of deposits, or withdrawals (-) 67,758 77,079 81,875 82,094 81,612 94,862 96,897 101,608 69,713 71,690 77,279 85,015 93,736 93,817 97,774 107,886 -1,955 5,390 4,596 -2,921 -12,124 1,044 -877 -6,278 1963 (Est.)... 1964 (Est.)... 108,470 112,245 116,694 122,477 -8,224 -10,232 1961-Jan. - Jxine July - Dec. 53,314 45,822 50,414 56,016 2,900 -10,194 99,136 106,429 -7,294 Clearing accounts Fiscal year: 1955 1956 1957 1958 1959 1960 1961 1962 Total 1962-Jan. - June July - Dec. October. . November. December. .. .. . 1963- January.... February. . March April May 1963 to date 53,513 59,820r 3,916 -9,185 108,065r Total 1962- July August September.. 57,430 50,635r 113,334r -5,269 4,743 11,443 10,632 9,384 11,904 8,196 -4,641 -461 2,436 4,669 10,669 8,479r 10,582 ll,011r 8,743r -5,913 -343 -264 7,718 11,040 12,368r 10,192 10,401 9,203 -2,474 639 3,166 7,241 12,338 9,463 11, U8 -2,222 1,190 110,226 -8,886 101,340 2/ -175 -294 -1,904 1,827 -306 309 -510 1,259 306 1,153 Total net transactions Plus: Net cash borrowing, or repayment of borrowing (- Equa Is : Trea surer account balance, increase, or decrease (-) ' \ . . June i96J 25 , ACCOUNT OF THE TREASURER OF THE UNITED STATES , Source and Availability of the Balance in the Treasurer's Account The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also trust, deposit fund, and public debt transactions. the 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 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 for their own account as well as for the account of their customers. restored by calling In (transferring) funds from the tax and loain accounts with thousands of commercial banks throughout the country. to leave funds In banks and In the communities In which they Deposits to tax and loan accounts occur In the normal course of business under a uniform procedure applicable to all banks whereby cuetomere of banks deposit with them tax payments and funds for the purchase of Government securltlee. In most cases the transaction Involves merely the transfer of money from a customer' s account to the tetx The tax and loan account system permits the Treasury arise until such time as the Treasury needs the funds for Its operations. In this way the Treasury Is able to neutralize the effect of Its fluctuating operations on bank reserves and the economy. A detailed description of the Treasury's depositary system may be found In the Annual Report of the Secretary of the Treasury for 1955, pages 275-2S4. and loan account In Table 1.- Status of the Account of the Treasurer of the United States (In millions of dollars) Assets Treasury operating balance End of fiscal year or month Available funds in Federal Reserve Banks Tax and loan accounts in special depositaries Gold in Trea sury fund Total operating balance Silver, coin, and currency 535 4,365 4,633 4,082 8,218 3,744 493 501 489 401 101 5,239 5,656 5,069 9,030 4,380 187 159 190 259 306 1960 1961 1962 504 408 612 6,458 5,453 8,815 106 109 121 7,068 5,969 9,548 253 179 1961-December, 465 5,157 118 5,740 September 390 478 400 5,089 7,210 7,919 120 125 116 5,600 7,813 8,435 165 165 167 October. November. December. 513 585 597 5,131 5,728 6,092 130 116 126 5,774 6,428 1963- January. February, March... 821 841 909 3,678 5,580 6,466 112 128 116 952 651 4,340 127 118 etc. 181 1962- July August . Unclassified collections, 1955 1956 1957 1958 1959 380 522 498 /;iO April May . 5,992 In Federal Reserve Banks in process of collection In other depositaries Total assets Liabilities 1/ Balance in account of Treasurer of U. S. 2/ 429 6,362 6,712 6,037 9,990 5,451 146 166 447 240 100 337 222 303 375 335 441 8,092 6,769 10,509 87 173 391 6,566 57 76 76 251 178 310 373 367 363 6,446 8,599 9,350 66 69 81 58 74 93 244 234 351 341 284 6,589 7,212 7,586 71 103 6,8U 161 155 162 6,518 7,109 7,509 4,612 6,549 7,491 182 197 195 91 i/ 55 240 278 211 361 370 299 5,485 7,446 8,252 5,485 7,446 8,252 5,420 6,761 181 170 79 77 515 245 385 304 6,579 7,558 2/ 6,380 8,530 9,268 6,579 7,558 U7 Source: Daily Treasury statement, 1/ Includes reserves and other deposits of the Board of Trustees, Postal Savings System, and uncollected items, exchanges, etc., through December 1962. Effective January 1963 balances of the Postal Savings System fxinds were transferred to deposit fund accounts and became demand obligations of the Treasury. Balances of these funds, therefore, are no longer liabilities within the general account of the Treasurer. Uncollected items, exchanges, etc., also previously shown as liabilities were combined with "Ifticlasslf led collections, etc," shown under assets. Post Office Department and postmasters' disbursing (See footnote 2), accounts also are included through November 1954. Treasurer's checks outstanding are included through June 1958, after balance in the Treasurer's account. which they are included in the (See footnote 3). 2/ Beginning December 1954, Post Office Department and postmasters' 93 37 37 49 63 343 421 302 287 273 500 438 440 58 64 70 52 2/ ^ 2U 365 75 79 y 6,216 6,546 5,590 9,749 5,350 2/ 8,005 6,694 10,430 6,494 77 disbursing accounts are not treated as liability accounts of the Treasurer of the United States, but are classified and treated as other disbursing accounts, in accordance with the change in method of reporting Post Office transactions (see "Budget Receipts and Expenditures," Table 3), A; adjustment of -$207 million in the balance in the Treasurer's account (and in the "clearing account") reflects this change, Through June 1958, the balance of the Treasurer was reduced when Treasurer's checks were issued and the amount of the checks was carried as a liability until paid. Effective July 1958, the balance is not reduced until the checks are paid, a procedure also applying to checks drawn on the Treasurer by Government disbursing officers and agencies, Amounts shown, beginning January 1963, are net of uncollected items, exchanges, etc. Previously these items were included under liabilities. . , Treasury Bulletin 26 . ACCOUNT OF THE TREASURER OF THE UNITED STATES Table 2.- Analysis of Changes In Tax and Loan Account Balances (In millions of dollars) Credits Proceeds from sales of securities Fiscal year or month Savings bonds Retirement plan bonds Tax anticipation securities Balance Taxes 1/ Withheld and excise 2/ Other During period Income (by special arrangement ) 2/ 1955 1956 1957 1958 1959 3,810 2,976 2,824 2,668 5,977 6,035 5,043 2,922 7,581 8,167 786 6,568 13,513 13,164 20,538 23,897 26,709 27,881 29,190 2,967 4,611 4,152 1960 1961 1962 2,679 2,787 2,725 7,784 7,613 5,898 7,920 1,788 3,774 33,059 34,511 37,519 6,053 1961-December. 227 211 180 October,. Low Average 1,989 1 42,545 38,871 46,000 50,908 62,994 4,365 4,633 4,082 8,218 3,744 7,299 5,486 6,078 8,869 8,055 1,910 1,103 813 1,078 912 6,521 57,496 55,842 56,438 54,782 56,847 53,076 6,458 5,453 8,815 6,458 7,653 8,889 1,390 1,161 1,531 4,103 4,151 4,457 1,539 5,256 5,029 5,157 5,512 2,171 3,869 1,514 4,557 3,986 61 1,803 6,758 5,479 5,528 4,637 4,770 5,089 7,210 7,919 8,743 7,631 7,919 5,089 4,007 4,452 6,335 5,883 6,201 4,553 4,438 5,738 7,342 3,841 5,374 5,131 5,728 3,092 9,487 5,824 6,188 5,131 4,056 2,735 6,849 5,012 4,560 1,793 5,053 6,275 4,206 3,152 5,388 3,678 5,580 6,466 5,886 5,580 6,746 3,458 3,569 2,656 4,095 4,351 4,823 1,755 5,290 3,882 3,637 4,340 5,648 6,884 2,535 4,736 3,497 5,899 December. 1963- January. February. March.. , 317 243 231 April 237 237 7,903 5,919 9,M2 1,312 1,432 4,810 4,281 1,488 5,053 May High 42,074 39,140 45,448 55,044 58,520 200 196 209 Noveniber. End of period 3,491 225 1962- July August . , September Total credits Withdrawals 2,963 1,354 4,242 3,933 Source: Office of Fiscal Assistant Secretary; figures are on basis of telegraphic reports, l/ Special depositaries are permitted to make payment in the form of a deposit credit for the purchase price of U, S. Government obligations purchased by them for their own account, or for the account of their customers who enter subscriptions through them, when this method of payment is permitted under the terms of the circulars inviting subscriptions to the issues, 2/ Taxes eligible for credit consist of those deposited by taxpayers in the depositary banks, as follows: Withheld income tax beginning March 1948; taxes on employers and employees under the Federal 34 1,596 44 1,763 30 2/ * 5,992 3,991 3,373 2,987 3,246 3,638 Insurance Contributions Act beginning January 1950, and under the Railroad Retirement Tax Act beginning July 1951; and a number of excise taxes beginning July 1953. Under a special procedure begun in March 1951, authorization may be given for Income tax payments, or a portion of them, made by checks of $10,000 or more drawn on a special depositary bank, to be credited to the tax and loan account in that bank. This procedure is followed during some of the quarterly periods of heavy tax payments, Less than $500,000, . . Jane 196J 27 .DEBT ODTSTANDING. Table 1.- Summary of Federal Securities (in millions of dollars) Total outstanding Interest-bearing debt Matured debt and debt bearing no interest Public debt Knd of fiscal year or Total 1/ month Public debt 2/ Guaranteed securities Public debt i/ 1955 1956 1957 1958 1959 1960 1961 1962 274,418 272,825 270,634 276,444 284,817 286,471 289,211 298,645 274,374 272,751 270,527 276,343 284,706 286,331 288,971 298,201 1961-Deoember. 296,499 1962- July 298 ,324 107 101 111 140 240 444 271,785 269,956 268,592 274,798 281,944 283,380 285,911 294,886 271,741 269,883 268,486 274,698 281,833 283,241 285,672 294,442 296,169 330 293,019 448 470 487 294,363 298,372 296,057 44 74 Guaranteed securities 2/ i/ Special notes to - Total Total Matured International Monetary Fund 43 73 106 101 110 139 240 444 2,634 2,869 2,042 1,646 2,873 3,090 3,300 3,759 2,633 2,868 2,042 1,646 2,873 3,090 3,299 3,759 292,689 330 3,480 293,918 297,904 295,571 445 468 486 3,%0 589 438 1,567 1,742 1,068 618 1,979 2,238 2,496 2,667 3,480 463 3,939 3,929 3,958 3,938 3,927 343 342 332 666 529 597 476 445 349 International Development Association ^ Inter- American Development Bank Other 6/ 477 460 444 430 417 407 58 115 55 396 484 2,388 115 25 488 2,962 3,002 3,002 115 115 115 55 55 55 483 423 423 115 173 151 85 100 September. 302 ,312 299 ,986 297,876 301,842 299,498 October. ., November. December.. 302 ,553 305 ,893 303 ,988 302,067 305,390 303,470 486 503 518 298,630 301,886 299,726 298,145 301,384 299,209 485 502 517 3,923 4,007 4,262 3,922 4,006 4,261 297 299 551 3,002 3,012 3,012 125 422 422 422 303 ,948 305 ,179 303 ,541 303,417 304,638 302,993 531 541 548 299,858 301,107 299,525 299,332 300,571 298,978 526 537 547 4,090 4,072 4,016 4,085 4,068 4,015 393 391 354 2,995 2,980 2,965 151 151 151 125 125 125 421 421 420 303 ,728 305 ,781 303,166 305,204 562 577 299,750 301,762 299,189 301,186 561 576 3,978 4,019 3,977 4,018 298 345 2,981 2,976 151 151 125 125 421 421 Axjgust .... 1963- January. , February. March April May Daily Treasury statement. Source: 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), 2/ Held outside the Treasury. 2/ Guaranteed securities i/ (matured) 6/ Consists of Federal Housing Administration debentxires, and also D. C. Armory Board stadium bonds beginning July 1959. Special notes of the United States issued to the International Monetary Fund, the International Development Association, and the Inter-American Development Bank in payment of part of the U. S, subscription to each. For current month detail, see "Statutory Debt Limitation," Table 2. » Less than $500,000. 4/ ^ Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities . , , Ireasury nulletin 28 .DEBT OUTSTANDING. Table 3.- Interest-Bearing Public Debt (In millions of dollars) Public issues Total public issues 271,741 269,883 268,486 274,698 281,833 228,491 224,769 221,658 228,452 237,078 155,206 154,953 155,705 166,675 178,027 283,241 285,672 294,442 238,342 240,629 249,503 183,845 1%2 1961-Dec. 292,689 1%2-July End of fiscal year or month 1955 1956 1957 1958 1959 Nonmarketable Marketable Total interestbearing public debt Certificates 5U Trea sury bonds 1/ Notes Total savings bonds 73,285 12,589 12,009 11,135 9,621 8,365 Foreign series securities 2/ Foreign currency series securities 417 310 196 investment series Other Special issues y 27, 3U 17,650 13,338 13,547 51,483 56,257 65,464 81,297 80,830 75,025 54,497 53,481 53,431 47,544 47,514 47,607 6,783 5,830 4,727 170 117 138 860 75 43,4^4 5,509 71,526 75,486 53,205 47,458 5,074 154 450 46 23 43,520 196,870 199,295 197,951 42,838 43,637 42,236 13,547 20,399 17,849 65,477 58,062 58,104 75,008 77,197 79,762 53,252 53,183 53,062 47,653 47,697 47,717 4,713 4,646 4,574 116 116 96 670 550 500 75 150 150 24 2A 24 43,796 45,427 44,559 254,256 257,222 255,784 201,311 204,222 203,011 46,139 47,843 48,250 17,854 22,710 22,710 57,583 53,653 53,679 79,734 30,015 78,371 52,945 53,000 52,772 47,680 47,720 47,535 4,490 4,477 4,443 95 95 435 110 360 221 299 299 24 25 26 43,890 44,163 43,426 257,M2 258,084 256,774 203,959 204,751 203,472 48,944 49,941 48,530 22,710 23,733 21,760 53,697 49,996 53,368 78,608 81,081 79,813 53,183 53,333 4,410 4,354 4,199 108 108 468 423 53,303 47,742 47,893 48,021 108 420 429 529 529 26 26 26 42,191 42,487 42,204 257,585 257,625 204,323 204,101 49,430 49,733 21,760 22,169 53,042 52,126 80,091 80,072 53,261 53,524 48,113 48,231 3,978 3,945 105 458 104 583 577 630 30 30 41,604 43,562 196,072 33,415 36,723 42,036 249,169 195,965 293,918 297,904 295,571 250,122 252,478 251,013 Oct. Nov. Dec. 298, M5 301,384 1963-Jan. Feb. Uar., 299,332 300,571 298,978 Apr. May. 299,189 301,186 299,209 Depositary bonds 69,817 65,953 61,777 59,050 20,808 23,420 22,406 32,017 Aug. Sept Treasury bonds 58,365 57,497 54,622 51,984 50,503 40,729 35,952 30,973 20,416 1960 1961 S. 81,128 81,890 80,839 90,932 84,853 13,836 16,303 20,473 32,920 33,843 , U. 187, US 19, Source: Dally Treasury statement. 1/ Includes $21 million of postal savings bonds for fiscal 1955, and $50 million of Panama Canal bonds for fiscal years 1955-60. 2/ Consists of certificates of indebtedness and from January 1%3 Treasury notes sold to foreign governments for U, S. dollars. 1,913 43,250 45, lU 46,827 46,246 44,756 171 183 385 44,899 45,043 44,939 Consists of the dollar equivalent of certificates of indebtedness and from October 1962 Treasury bonds issued and payable in designated foreign currencies. Consists of Treasury savings notes (1955); Treasury bonds, Rural Electrification Administration series beginning July 1960, and retirement plan bonds beginning January 1963. 2/ 4/ Table 4.- Average Length and Maturity Distribution of Marketable Interest -Bearing Public Debt 1/ (In millions of dollars) Maturity classes End of fiscal year or month 1955 1956 Amount outstanding Within 1 year 155,206 154,953 155,705 166,675 178,027 49,703 1957 1958 1959 1960 1961 1962 183,845 187,148 196,072 70,467 81,120 1961-December. 1-5 5-10 years years 10 - 20 years Average length 20 years and over 39,107 34,401 40,669 42,557 58,304 34,253 28,908 12,328 21,476 17,052 28,613 28,578 26,407 27,652 21,625 3,530 4,351 4,349 7,208 8,088 4 yrs. 4 yrs. 10 mos. 4 mos. 9 mos, 3 mos. 7 mos. 88,4« 72,844 58,400 57,041 20,246 26,435 26,049 12,630 10,233 9,319 7,658 10,960 15,221 yrs. yrs. yrs. 4 mos. 6 mos, 11 mos. 195,965 85,913 64,874 19,782 11,976 13,419 4 yrs. 7 mos. 1962=July August . . September 196,870 199,295 197,951 2U 93,728 84,467 57,055 52,806 58,158 26,045 27,885 32,411 9,313 9,309 7,353 15,213 15,567 15,562 October. November. December. 201,311 204,222 203,011 88,284 88,580 87,284 57,728 32,403 61, 61,640 33,983 7,348 7,342 4,565 1963- January.. February. March,, ., 203,959 204,751 203,472 87,978 88,951 81,647 61,657 59,003 61,328 33,975 36,458 37,962 4,566 4,566 6,770 April May...... 204,323 204,101 82,469 87,797 61,079 58,007 37,952 35,485 6,770 6,769 58, 7U 71,952 67,782 72,958 89, 6U 31, WO 5 5 5 yrs. yrs. yrs. June 19 6 J 29 .DEBT ODTSTAMDING. Table 5.- Special Public Debt Issues to United States Government Investment Accounts (In millions of dollars) End of fiscal year or month 1 . . Treasury Bulletin 30 DEBT OUTSTANDING Table 6.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies (In miliions of dollars) Agriculture Department End of fiscal year or Agency for Total month International Development 1/ Commodity Credit Corporation Rural Electrification Administration Secretary: Farmers* Home Administration programs Housing and Home Finance Agency ExportImport Bank of Washington y Administrator i/ Federa National Mortgage Association ^ 3/ 1,209 1,213 1,198 1,188 1,164 1,138 1,107 1,062 7,608 11,190 13,383 11,528 12,874 12,704 11,534 12,990 2,207 2,343 2,519 2,728 2,923 256 323 1962 16,175 20,049 22,731 21,859 25,343 25,636 26,011 28,634 3,155 3,332 3,484 1961-December. 27,527 1,093 11,952 1%2- July 27,836 27,516 27,912 830 830 830 12, H5 August , . September October. November, December. 28,550 28,484 28,748 1963-January. February, March. . . April 1955 1956 1957 1958 1959 1960 1961 May 162 151 265 130 165 369 456 854 1,310 1,239 1,205 1,528 1,937 1,636 1,698 1,830 282 476 730 977 1,213 1,567 1,966 1,954 1,741 1,502 2,351 2,338 3,202 3,167 3,423 695 2,000 1,356 3,574 3,574 3,574 885 11,778 12,123 888 913 1,783 1,796 1,804 829 829 818 12,598 12,451 12,884 3,654 3,654 3,572 %1 983 973 28,927 28,781 28,847 818 818 817 12,926 12,921 12,769 3,652 3,652 3,742 29,040 29,077 817 817 13,017 13,325 3,742 3,742 Public Housing Administration 61 38 Saint Lawrence Seaway Development Corporation Tenn. Valley Authority U Veterans* Administration: Direct loan program Under Defense Produc tion Act of 1950 6/ Other 2/ 32 32 48 97 112 118 121 121 491 584 733 780 930 1,180 1,330 1,530 1,002 1,144 1,294 1,723 1,950 1,970 1,964 1,976 21 18 22 21 22 22 3,333 30 121 1,530 1,971 22 1,620 1,676 1,689 3,266 3,198 3,173 32 72 93 121 121 121 1,580 1,580 1,580 1,978 1,982 1,989 22 22 22 1,806 1,841 1,680 1,730 1,746 1,778 3,133 3,139 3,166 44 41 83 121 121 121 25 25 25 1,640 1,640 1,640 1,987 1,987 1,986 22 22 22 988 991 1,015 X,652 1,643 1,650 1,848 1,868 1,882 3,177 3,050 3,058 28 28 97 121 122 25 50 50 1,690 1,690 1,690 1,979 1,925 1,925 22 22 29 1,040 1,040 1,700 1,498 1,935 1,990 2,876 2,783 58 25 50 50 1,730 1,730 1,923 1,923 29 29 Source: Daily Treasury statement. Note: These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts xinder congressional authorization for specified government corporations and other agencies to borrow from the Treasury, Further detail may be found in the 1961 Annual Report of the Secretary of the Treasury, page 736, and the 1962 Combined Statement of Receipts, Expenditures and Balances of the United States Government, page 514. And predecessor agencies. Beginning fiscal 1957 figures exclude notes 1/ previously issued by the Administrator in connection with informational media guaranties. The obligations for these notes was assumed by the Director of the United States Information Agency, pursuant to the act approved July 18, 1956 (22 U.S.C. U42), and the notes together with others issued for the same purpose are included in "Other." Farm housing and other loan programs, and Agricultural Credit Insurance 2/ Fund (formerly Farm Tenant Mortgage Insurance Fund), 2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production Act. ^ ^ 6/ 2/ 41 35 27 29 3 16 122 122 123 14 11 Consists of notes issued to borrow for; The urban renewal program (formerly slum clearance program );> college housing loans; and public facility loans beginning fiscal 1956, Consists of liabilities taken over by the Association from the Administrator in accordance with the act approved August 2, 1954, and notes issued by the Association under authority 'of that act (12 U.S.C. 1719 (c), 1720 (d), and 1721 (d)) and also securities transferred from the Reconstruction Finance Corporation. Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962; and the Secretary of the Treasury. Consists of notes issued by the: Secretary of the Treasury; £taiall Business Administration, fiscal years 1955-57; United States Information Agency for informational media guaranties beginning fiscal 1957 (see footnote 5); Secretary of Commerce (Maritime Administration) for the Federal Ship Mortgage Insurance Fund fiscal years 1959-61, and March 1963; Virgin Islands Corporation beginning fiscal 1960; and District of Columbia Commissioners for the Stadium Sinking Fxmd beginning June 1962. . . June 196 J 30. .DEBT OUTSTANDING. Table 7.- Interest-Bearing Securities Issued by Federal Agencies But Not Guaranteed by the United States Government (In millions of dollars) Federal National Mortgage Association End of fiscal year or month Banks for cooperatives Federal home loan banks l/ Federal intermediate credit banks Federal land banks 2/ 2/ Management and liquidating issues All other issues Tennessee Valley Authority 5,423 6,708 110 133 179 199 284 341 929 738 456 992 793 834 924 1,159 1,456 1,061 1,322 1,552 1,646 1,888 570 570 570 797 797 100 100 1,050 1,165 1,290 330 382 430 1,259 1,055 1,797 1,600 1,723 1,855 2,137 2,357 2,550 797 1962 8,407 7,765 9,332 2,284 2,198 2,556 1961-Dec ember. 8,574 434 1,571 1,535 2,431 2,453 1962- July 9,593 9,865 9,883 430 482 474 2,108 2,233 2,257 1,936 1,950 1,930 2,550 2,596 2,596 2,435 2,458 2,481 U5 August , September October. November. December. 10,293 10,213 10,133 480 480 2,707 2,707 2,707 1,842 1,774 1,727 2,628 2,628 2,628 2,492 2,479 2,422 U5 U5 1963- January. February, March. . , 9,800 9,578 9,267 504 480 480 2,424 2,164 2,014 1,729 1,787 1,842 2,628 2,661 2,661 2,370 2,343 2,126 145 145 April.... 9,185 9,415 490 489 1,912 2,035 1,935 2,661 2,725 2,043 1,984 1955 1956 1957 1958 1959 2,876 3,889 5,013 1960 1961 . May 504 Office of Debt Analysis and agency reports. Source: The securities shown in the table are public offerings. Note: 2/ The propri-etary Interest of the United States in these banks ended in July 1951. 2,037 2/ 2/ 50 145 145 145 145 U5 U5 M5 The proprietary interest of the United States in these banks ended June 1947. Figures do not include secxirities which are issued for use as collateral for commercial bank borrowing and not as a part of public offerings. Includes small amounts owned by Federal land banks. Treasury Bulletin 32 .STATUTORY DEBT LIMITATION. The Second Liberty Bond Act (3I U.3.C. J^Jh), ae amended by an act approved June 30, 1959. provldee that the face afflount of obligations leeued under authority of that act, and June 30, 1959 (act of February 26, I95S); $10 billion from July through June 30, i960 (act of June 30, Interest by the United Statoe (except guaranteed obligations 1959); $8 through June 30, 196I (act of June 30, i960); $13 billion from July 1, 196I, through March 12, 1962, and I15 billion from March 13 through June 30, 1962(acts held by the Secretary of the Treasury jshall not exceed In the of June 30, aggregate t2S3 billion outstanding at any one time. 1, the face amount of obligations giiarantood as to principal and 1959, 1, billion from July 1, I96O, responding limitation In effect under the act of June 26,19't6, 1961, and March 13, 1952); $23 billion from July through March 31, 1963, $20 billion from April 1 through May 28, 1963, $22 billion from May 29 through June was $275 billion and that under the act of September 2, 30, was $2S3 billion. The cor- 1958, In addition, temporary Increases have been 1962, 1963, and $21+ billion from July 1 through August 31, 1963 (acts of July 1, 1962, and Hay 29, I963). Obligations Issued authorized as follows: $6 billion from August 26, 1954-, through on a discount basis redeemable before maturity at the option 30, 1956 (acts of August 28, 195lt, and June 30, 1955); 13 billion from July 1, I956, through June 30, I957 (aot of July 9, 1956); 15 billion from February 26, I958, through of the owner are Included In the statutory debt limitation June at current redemption values. Table 1.- Status Under Limitation May 31, 1963 (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. 757b)j as increased temporarily by the act of May 29, 1963 307,000 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 , , 304,836 577 Total amount of securities outstanding subject to statutory debt limitation. 305,413 Balance issuable under limitation Source: 1,587 Daily Treasury statement. Table 2.- Appllcatlon of Limitation to Public Debt and Guaranteed Securities Outstanding May 31, 1963 (In millions of dollars) Class of security Public debt: Interest-bearing securities: Marketable: Trea sury bills Certificates of Indebtedness. Treasury notes Treasury bonds Total marketable. Nonmarketable: Foreign series: Certificates of indebtedness Trea sury notes Foreign currency series: Certificates of indebtedness Treasury bonds U. S, savings bonds (current redemption value). U. S, retirement plan bonds Depositary bonds Treasury bonds, investment series Treasury bonds, R. E. A. series Total nonmarketable Special issues to Government agencies and trust funds Total interest-bearing securities Matured securities on which interest has ceased Debt bearing no interest: United States savings stamps Excess profits tax refund bonds Special notes of the United States: International Monetary Fund series International Development Association series Inter-American Development Bank series United States notes (less gold reserve) Deposits for retirement of national bank and Federal Reserve Bank notes. Other debt bearing no interest Total debt bearing no interest Tota 1 public debt Guaranteed securities: 1/ Interest-bearing Matured Total guaranteed securities Total public debt and guaranteed securities. Subject to statutory debt limitation 49,733 22,169 52,126 80,072 204,101 400 183 25 605 48,231 104 3,945 30 53,524 43,562 301,186 342 54 1 2,976 151 125 3,307 304,836 576 1 577 305,413 Not subject to statutory debt limitation - Total outstanding June 196 J 33 PUBLIC DEBT OPERATIONS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding May 31, 1063 Other Than Regular Weekly Treasury Bills (In millions of dollars) Year and Ireasury Bulletin 34 PUBLIC DEBT OPERATIONS Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Outstanding May 31, 1963 Other Than Regular Weekly Treasury Bills - (Continued) (In millions of dollars) Jane 19 6 J 35 PUBLIC DEBT OPERATIONS Table 2.- Offerings of Treasury Bills (Amounte In millions of dollars) Deacrlption of new issue Issue date Number of days to maturity 1/ Maturity date Amount of bids tendered Amount of bids accepted Total amount On competitive basis On nonconpetitive basis 2/ In exchange Amount maturing on issue date of new offering Total of unmatured issues outstanding after new issues Regular weekly bills: 1963- Apr. July Jan 10. Jan, 4 5 91 183 2,220.0 1,339.5 1,301.1 800.5 1,092.1 759.3 208.9 41.2 133.4 53.3 1,300.5 700.2 Apr. July 16,919.2 19.921.1 2/ 11 11 91 182 2,196.3 1,541.6 1,300.9 800.5 1,006.9 736.6 294.0 63.8 113.7 22.8 1,301.4 700.1 16,918.8 20.021.4 1/ Apr. 1963-Jan. 18 18 91 182 2,363.1 1,250.0 1,301.1 800.0 969.1 729.3 331.9 70.7 82.9 M.2 1,300.3 800.2 16.919.5 , 20.021.3 i/ 25 25 91 182 2,253.5 1,352.8 1,302.1 800.3 1,038.4 739.5 263.7 60.8 135.2 50.5 1,300.5 803.0 16,921.1 20.018.6 2/ 2 1 91 182 2,035.4 1,197.2 1,300.5 800.0 1,067.1 751.2 233.4 48.8 82.2 21.5 1,301.1 800.4 16,920.4 20.018.2 2/ 91 182 1,911.7 1,338.2 1,300.8 799.2 1,067.0 747.7 233.8 51.5 102.3 43.2 1,300.9 800.5 16,920.3 20,016.9 2/ 16 15 91 182 2,426.7 1,270.3 1,303.3 800.0 1,033.4 741.2 269.9 58.8 52.9 22.9 1,302.3 804.0 16,921.3 20,013.0 2/ 23 22 91 182 2,343.9 1,496.4 1,300.3 800.4 1,051.1 746.6 249.2 53.8 126.6 42.4 1,300.1 799.9 16,921.4 20,013.5 2/ 31 29 92 182 1,956.1 1,207.5 1,300.1 800.2 1,087.5 754.0 212.6 46.2 121.6 45.1 1,300.4 800.3 16,921.2 20.013.4 2/ 6 5 91 182 1,981.0 1,406.8 1,301.3 800.5 1,069.9 751.1 231.4 49.4 122.3 59.5 1,300.3 800.4 16,922.2 20.013.5 2/ 91 182 2,042,1 1,428,7 1,300.4 800.3 1,034.1 743.1 266.3 57.1 103.5 18.6 1,300.7 800.7 16,921.9 20,013.0 2/ July Jan. Jan. 2A. 31. Apr. July May Aug. May Feb. Aug. Feb. Feb. Feb. U. 21... 28.. Kay Aug. May Aug. May Aug. June Sept. Mar. U. June 13 Sept. 12 Mar. 21, June 20 Sept. 19 91 182 2,335,9 1,305.4 1,301.3 800.6 1,019.0 736.5 282.3 64.1 175.6 54.3 1,301.0 800.6 16,922.2 20,013.0 28. June 27 Sept, 26 91 182 2,132.5 1,458.7 1,300.8 800.0 1,053.9 749.6 247.0 50.4 147.3 54.0 1,309.1 700.1 16,914.0 20,113.0 Mar. July Apr. Apr. Apr. May May lip. 18p. 25p. 2p. 9p. 5 Oct. Apr. 3 92 182 2,080.9 1,454.1 1,300.5 800.0 1,078.0 746.3 222.5 53.7 125.7 43.6 1,301.1 701.1 16,913.4 20,211.9 July 11 10 91 182 2,292.0 1,553.2 1,302.0 801.4 1,031.7 741.2 270.3 60.2 136.4 53.3 1,300.9 700.6 20,312.7 18 17 91 182 2,351.6 1,485.0 1,300.7 300.4 991.3 732.6 309.4 67.8 16.5 3.9 1,301.1 700.0 20,413.1 25 2A 91 Oct. 182 2,258.6 1,670.4 1,300,2 801.1 1,057.1 739.2 243.1 61.9 93.3 33.4 1,302. 700. 16,912.3 20,513.9 Aug. Oct. 91 182 2,054.4 1,667.7 1,301.7 801.0 1,083.3 743.5 218.3 31 92.7 31.5 1,300.5 700.8 16,913.5 20,61A.l Aug. 8 Nov. 7 91 182 2,119.3 1,714.6 1,301.0 801,8 1,078.9 747.1 222.1 54.7 150.9 58.2 1,300.8 702.3 16,913.7 20,713.6 15 91 182 2,397.2 1,583.3 1,301,5 800,7 1,054.6 732.1 246.9 68.6 13.4 4.4 ,303. 701. 16,911.9 20,812.9 22 y Oct. July Oct. July 1 57.5 16,9U.5 16,9U.2 May 16p., Aug. Nov. U May 23p., Aug. Nov. 91 182 2,179.6 1,472.5 1,301,7 800,4 1,079.9 742.1 221.8 21 58.4 141.7 64.1 1,300.3 800.0 16,913.3 20,813.4 Aug. Nov. 29 29 90 182 2,034.2 1,411.2 1,302,4 801,3 1,109.3 752.1 193.1 49.2 157.4 2.8 1,300.1 800.7 16,915.6 20,813.9 3,005.2 3,005.2 4,005.9 2,502.9 May 31p.. Tax anticipation bills: 1%2-Oct. 3.. 1963-Feb. Mar. 6.. 22.. 1963-Mar. June June 22 24 24 170 138 94 5,945.8 2,061.8 2,442.2 3,005,2 1,000,7 1,502,3 2,440.4 958.4 1,455.0 564.8 42.3 47.3 15.. 15.. 15.. 15.. 1963-Jan. Apr, July Oct. 15 15 15 15 365 365 365 365 3,650,9 3,453,7 3,722.3 4,535.0 2,001,3 2,008,8 2,003,6 2,500.1 1,810.8 1,841.3 1,778.9 2,315.1 190.4 159.5 224.7 185.1 138.7 80.1 16.3 190.0 1,501.7 2,000.5 2,003.5 2,003.5 8,008.7 8,009.0 8,009.1 8,505.7 15.. 15p. 1964-Jan. Apr. 15 15 365 366 5,244.4 4,047.6 2,4%.2 2,252.9 2,310.0 243.2 190.7 38.6 84.1 2,001.3 2,000.8 9,000.6 9,500.6 Other bills: 1%2-Jan. Apr. July Oct. 1%3-Jan. Apr. Source: 1/ 2/ 2,500.8 Bureau of the Public Debt. Preliminary figures are from subscripIssues, beginning June 11, 1959, tenders for 1100,000 or less from tion and allotment reports; final figures are on "clearance" basis in any one bidder are accepted in full at average price of accepted daily Treasury statement. competitive bids; for other issues, the corresponding amount is The 13-ueek bills represent additional issues of bills with an original stipulated in each offering announcement. maturity of 26 weeks. 2/ Includes "strip" bills issued November 15, 1%2, For 13-week issues, tenders for $200,000 or less, and for 26-week (Continued on following page) ; Treasury Bulletin 36 PUBLIC DEBT OPERATIONS Table 2.- Offerings of Treasury Bills Average price per himdred Regular weekly bills High Equivalent average rate ^ (Contlnuedl On coopetitlve bids accepted On total bids accepted Issue date - Price per hundred (Percent) Low Equivalent rate ^ Price per hundred Equivalent rate it/ (Percent) (Percent) f99.260 198.492 2.926 2.%6 99.270 98.506 2.888 2.939 99.259 98.488 2.931 2.974 (99.262 \ 98. 500 2.920 2.966 99.267 98.508 2.900 2.951 99.259 98.496 2.931 2.975 /99.271 \ 98. 518 2.884 2.932 99.275 98.528 2.868 2.912 99.270 98.513 2.888 2.941 f 99. 261 198.496 2.923 2.976 99.271 98.518 2.884 2.931 99.260 98.493 2.927 2.981 / 99. 363 2.917 \98.498 2.972 99.267 98.507 2.900 2.953 99.260 98.489 2.927 2.989 f99.£55 \98.486 2.947 7 2.995 99.266 98.500 2.904 2.967 99.251 98.481 2.963 3.005 Feb. U f99.256 \98.486 2.944 2.995 99.262 98.492 2.920 2.983 99.255 98.482 2.947 3.003 Feb. 21 f 99. 266 \98.499 2.905 2.969 99.270 98.506 §/ 2.888 2.955 99.264 98.494 2.912 2.979 ("99.267 Feb. 28 \98.523 2.870 2.922 99.276 98.530 2.833 2.908 99.262 98.514 2.888 2.939 Mar. 7 /99.268 [98.515 2.897 2.938 99.274 98.522 2.872 2.924 99.264 98.510 2.912 2.947 Mar. U ("99.275 \98.518 2.870 2.931 99.280 98.526 2.848 2.916 99.270 98.513 2.888 2.941 Mar. 21 /99.266 \98.506 2.902 2.955 99.275 98.513 2/ 2.868 2.941 99.265 98.502 2.908 2.963 Mar. 28 i'99.262 2.919 2.977 99.270 98.502 iC/ 2.888 2.963 99.260 98.492 2.927 2.983 198.492 2.922 2.982 99.268 98.498 2.864 2.971 99.251 98.489 2.931 2.989 [99.264 198.495 2.913 2.978 99.267 98.500 2.900 2.967 99.263 98.493 2.916 2.981 J99.263 1,98.478 2.917 3.010 99.266 98.484 U/ 2.904 2.999 99.261 98.476 2.924 3.015 (99.271 198.492 2.884 2.982 99.275 98.496 12/ 2.868 2.975 99.270 98.491 2.888 2.985 f99.268 198.489 2.897 2.989 99.274 98.494 12/ 2.872 2.979 99.266 98.488 2.904 2.991 f99.266 1.98.487 2.905 2.993 99.270 98.496 2.888 2.975 99.264 98.485 2.912 2.997 [99.266 198.488 2.903 2.990 99.270 98.494 2.888 2.979 99.265 98.487 2.908 2.993 [99.261 2.922 3.005 99.270 98.490 2.888 2.987 99.260 98.478 2.927 1.98.481 [99.257 198.455 2.973 3.055 99.260 98.462 iV 2.960 3.042 99.255 98.453 2.980 3.060 98.765 2.616 98.820 ly 2.499 98.757 2.632 98.877 99.254 2.929 2.855 98.891 99.261 2.893 2.830 98.873 99.251 2.940 2.869 96.588 97.012 96.698 96.989 3.366 2.943 3.257 2.969 96.6U 96.730 12/ 97.019 12/ 3.340 2.918 3.225 2.940 96.572 97.002 96.682 96.980 96.943 96.887 3.015 3.062 96.958 12/ %.899 22/ 000 050 96.938 96.881 1963-Jan. 3 Jan. 10 Jan. 17 Jan. ZA Jan. 31 Feb. Apr. 4p Apr. lip Apr. 18p Apr. 2p May 9p , , , May 16p May 23p May 31p \98.495 J'99.253 25p May , , , , , , , , , 2/ 3.011 Tax anticipation bills 1962-Oct. 3 1963-Feb. Mar. 6 22 , , Other bills: 1962-Jan. 15 Apr. July Oct. 1963-Jan. Apr. ^ ^ 6/ 2/ a^ 2/ ig/ 11/ 12/ 12/ 15 15 15 15 15p , , 97. OU Bank discount basis. Except $50,000 at 99.300, and $300,000 at 99.274. Except $514,000 at 98.533. Except $1,050,000 at 99.292. Except $175,000 at 99.288. Except $300,000 at 98.518. Except $100,000 at 98.508, and $133,000 at 98.506. Except $375,000 at 98.490, and $716,000 at 98.488. Except $125,000 at 98.503, $90,000 at 98.500, and $450,000 at 98.499. Except $500,000 at 98.498. W 14/ Yl/ 18/ 12/ 22/ p 3.381 2.957 3.273 2.979 3.020 3.068 Except $1,000,000 at 99.274, $800,000 at 99.270, and $300,000 at 99.265. Except $100,000 at 98.962, and $3,000,000 at 98.834. Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654, and $3,000,000 at 96.624. Except $50,000 at 96.852, $200,000 at 96,806, $100,000 at 96.800, $25,000 at 96.781, $400,000 at 96.756, and $2,000,000 at 96.745. Except $500,000 at 97.029. Except $100,000 at 97.000, and $200,000 at 96.982. Except $50,000 at 96. %9, $500,000 at 96.945, and $500,000 at 96.909. Preliminary. ,. . , . ) June 19 6 J 37 PUBLIC DEBT OPERATIONS Table 3.- New Money Financing through Regular Weekly Treasury Bills i/ (Dollar amounts in millions) Description of issue Issue date Number of days to maturity Matxrrlty date Amount of bids tendered Amount of bids accepted Average rate on bids accepted 2/ New money increase, or decrease (-) (Percent 1957- January 31.... February February February February 14.... 21.... 28.... March March U.... December December 26,,,, 1957-May 91 $2,624 $1,700 3,283 $99 2,626 2,719 2,580 2,741 1,700 1,700 1,800 1,802 3,133 3.057 3.182 3.288 200 202 May May May May 23 31 91 91 91 92 June June 6 13 91 91 2,769 2,830 1,800 1,802 3.246 3.239 200 202 1958-March March 20 27 91 91 2,348 2,416 1,700 1,700 3.140 3.173 100 98 2,,,, 9..., 16,,., 23..., April April April April 3 10 17 2-i 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 March 13 June 12 91 2,436 1,700 1.532 -100 September September September 11 ... 18.... 25.... December December December 11 18 26 91 91 92 2,550 2,636 2,576 1,800 1,800 1,800 2.359 2.604 2.511 100 99 99 October October October October October 2.... 9.... 16,,,, 23,,,, 30..., 92 91 91 91 91 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 November November 6.... 13 ... 13 91 92 2,814 2,857 1,802 1,801 2.649 2.774 102 101 December 11.,,, 12 11 91 182 2,407 1,073 1,600 400 2.805 3.081 200 June 19 18 91 182 2,476 764 1,600 400 2.904 3.095 200 March 26 Jiuie 25 90 181 2,394 834 1,601 400 2,739 3.017 201 90 181 2,479 755 1,600 400 2.690 2.920 199 1958-January January January January 7. . . 7.... 19 ... 1959-January January January January January February February March June December December 1959- January January January March 18, March . . 26.,.. 9 16 15 22 29 5 99 99 2 April July 8.... April July 9 91 182 2,508 680 1,599 400 2.678 2.959 199 15.... April July 16 16 91 182 2,178 734 1,600 401 2.808 3.034 197 91 182 2,090 3 724 1,500 400 2.816 3.111 101 September 11 10 91 182 2,254 967 1,301 400 3.062 3.375 101 5,,,. June September June 2 2 9 March 12 2/- March 19 June September 18 17 91 182 2,019 727 1,301 400 2,763 3.058 100 March 26.... June September 25 24 91 182 2,122 671 1,300 400 2.766 3.093 100 August 13 ... 1959-November 1960-February 12 11 91 182 1,866 875 1,200 400 3.150 3.690 199 August 20.,., 1959-November 1960-February 19 18 91 182 1,853 790 1,200 400 3.417 3,782 199 27, 1959-November 1960-February 27 25 92 182 1,964 693 1,200 400 3.824 4.152 204 19 1960-August November 18 17 91 182 1,809 961 1,200 500 3.793 4.000 97 26 August November 25 25 91 183 1,834 897 1,200 500 3.497 3.867 96 1 1 91 182 1,820 996 1,101 500 3.184 3.495 100 91 182 1,889 995 1,101 400 .358 .530 99 August 1960.Jtey May June 1961- January January February March , , 2,.,. September December 19.... 1961-April July 20 20 26..., April July 27 27 91 182 1,986 1,082 1,100 500 2.230 2.422 200 May 4 August 91 182 2,057 1,082 1,101 500 2.299 2.497 201 3 29 28 91 182 1,924 1,046 1,100 500 2,392 2,576 99 2.... 30..,. Footnotes at end of table. June September (Continued on following page) 38 June 196J Treasury Bulletin 40 PUBLIC DEBT OPERATIONS Table 3.- New Money Financing through Regular Weekly Treasury BlllsJ/- (Continued) (Dollar amounts In millions) Description of issue lune 196J 41 PUBLIC DEBT OPERATIONS Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills Date subscription books opened or bill tenders received Treasury Bulletin 42 PUBLIC DEBT OPERATIONS Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued) Date subscrip- ^ ) June i96J A3 PUBLIC DEBT OPERATIONS. Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued) Date subscription books opened or bill tenders received Period to final maturity (years, months, days) 2/ Date Description of security of 1/ issue Amount of subscriptions tendered Cash Exchange 2/ Amount Issued For cash 2/ In exchange (In millions of dollars) ^ ' 11/6/61 ^ 3-1/4^ Note 10/16/61 10/10/61 1-1/2^ Note 5/15/61 10/2/61 2.705^ Bill 10/1/61 8/ 268d 6/22/62 - Tax ant. (At auction) 9/27/61 9/20/61 2.975!C Bill 11/15/61 11/15/60 3-1/4? Note 3-3/4^ Bond 2/15/63-E 5/15/66 12/2/57 3-7/8? Bbnd 11/15/74 10/1/66- EO - Reopening Issued at 99.75 Reopening Issued at 99.00 fl2/7/61-"l "Strip" of 8 1.1/25/62 J series 50/ (At auction) 11/15/61 2.277? Bills 11/20/61 6/23/60 3-7/8? Bond 5/15/68 1/9/62 1/15/62 3.366? Bill 10/1/57 4? 2/15/62 2/15/62 3-1/2? Certificate Note 4? 3/1/62 1/23/59 2/14/58 10/3/60 4? 4? 3-1/2? 3-1/2? 3/23/62 2.896? Bill 4/1/62 1-1/2? Note 8/15/68 f t r 2/19/62 I L 3/20/62 8/ Bond Bond Bond Bond 3,642 2,384 13y 517 517 4y 46. 5d (Average) 8/15/71 2/15/8O - Reopening 2/15/90 - Reopening 11/15/98 - Reopening 5m ly 84m 1,619 ly 6m 6,862 4,454 5im llim lllm 8|m 4/18/62 4/15/62 2.943? Bill 3- 1/4? Certificate A/30/b2 5/15/62 5/15/62 5/15/62 2,806 563 900 933 182d 7/10/62 7/15/62 3.257? Bill 7/30/62 8/15/62 8/15/62 8/15/62 3-1/2? Certificate Bond 4? 4-1/4? Bond 9/10/62 9/15/62 9/15/62 3-3/4? Note Bond 4? 9/26/62 10/3/62 2.616? Bill 3/22/63 10/1/62 1-1/2? Note 10/9/62 10/15/62 2.969? Bill 10/29/62 11/15/62 11/15/62 11/15/62 3-1/8? Certificate 3-1/2? Note Bond 4? 2.866? Bill 11/7/62 11/15/62 11/19/62 5/15/62 1/23/59 3-7/8? Bond Bond 4? 1/8/63 1/17/63 4? 4/15/63 - At auction 3.015? Bill 2/6/63 2.929? Bill 2/4/63 2/15/63 4/18/62 3-1/4? Certificate 3-3/4? Bond 2/25/63 3/15/63 5/15/62 12/2/57 1/23/59 3-5/8? 3-7/8? 3-7/8? 4? 3/14/63 2/6/63 Note Bond Bond Bond 2.855? Bill 6,686 9y 3,1U 1,204 ly 3,719 ly 6m 30y 20,155" ^ 6,743 5,282 2,579 5,942 457 5y ly At auction J ll/l5/7l\ 2/15/80J "Strip" of 10 series (At auction) 6^ 4,535 4,856 3,286 2,344 ly 3y 3m 9y ri/l7/63-"l 94. 5d 18/ 315J 11m 11m 170d Tax ant. (At auction) 10/15/63 \3/2l/63 6y iy 9y 11/15/63-D ll/15/65-B 2/15/72 1/15/64 1/15/63 3y 7/15/63 - At auction 2/15/88-93 1/9/63 3,454 ly 9m 6m 8/15/63-C 2/15/69 8/15/87-92 - Issued at 101 Bond 1/30/63 6,827 ly lO/l/67-EO 8/ 270 5y 8/15/67-A 8/15/72 3-5/8? Note 3-7/8? Bond 3,593 4m 6y 5/15/63-B 2/15/66-B - Issued at 99.80 11/15/71 - Issued at 99.50 ^ 3,650 Ty 9/21/62 - Tax ant. 1/ (At auction) V9/62 320 6y 9y 17y 27y 36y 2/15/63-A 8/15/66-A 4/10/62 800 1,519 iy Reopening Issued at 99.50 10/1/69 - Reopening Issued at 99.75 3-3/4? Bond 2,003 28/ 3,642 2,384 4/1/67-EA 2/5/62 3,756 3m 6m 1/15/63 - At auction Bond 2,295 5,687 ly ly - 357 357 7m 10/15/62 - At auction 2,511 - 5y ly 5/15/63-D - Reopening Issued at 99.875 11/9/61 1/15/62 5,131 2,410 (Average) Reopenings Issued at 99.50 8y 17y 2m At auction 67/ 30y Im 250 ly 5,244 138d 2,062 At auction V Tax ant. 6/24/63 (At auction) 2/15/64-A 8/15/68 - Reopening 2/15/67-B 11/15/71 - Reopening 11/15/74 - Reopening 2/I5/8O - Reopening 6/24/63 - Tax ant. V (Reopening 34pJ— 5y ly 6m 6,741p 2,490p 3y 8y lly 16y 11m 8m 8m 11m 4,287p l,515p l,074p l,131p 94d 2,442 - Allotment ratio 4/ Treasury Bulletin PUBLIC DEBT OPERATIONS Table 4.- Offerings of Public Marketable Securities Other Than Regular Weekly Treasury Bills - (Continued) Date subscription books opened or bill tenders received Jane 196 J 45 PUBLIC DEBT OPERATIONS Footnotes to Table 4 - (Continued) 23/ 2V 25/ 26/ 27/ 28/ 29/ 30/ 31/ 32/ 33/ 34/ 35/ J6/ Subscriptions from savings-type Investors totaled $720 million and were allotted 70 percent. Subscriptions from commercial 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 accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for #5,000 were allotted in full. Subscriptions for more than #5,000 were allotted not less than #5,000. In addition, #50 million of the bonds was allotted to Government investment accounts. Savings-type investors 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 April 23, 1959). Subscriptions for #100,000 or less were allotted in full. Subscriptions for more than #100,000 were allotted 50 percent but in no case less than #100,000. In addition, #100 million of the notes was allotted to Government investment accounts, Subscriptions 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 fxill. Subscriptions for more than In addithese minimums were allotted not less than the minimums. tion, #50 million of the bonds was allotted to Government investment accounts. Full-paid subscriptions of #25,000 or less, totaling #941 million, Subscriptions from savings-type investors were allotted in full. totaled $1,361 million and were allotted 45 percent. Subscriptions banks for their own account totaled #6,390 million from commercial 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 In addition, #100 million of the notes on any one subscription. was 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 4-3/4/8 notes, with certain adjustments as of December 15, 1959, Smaller denominations of savings bonds could at a price of 99-3/4)f, be exchanged for the next higher multiple of #1,000 of the notes upon payment of any cash difference. Cash payments amounted to #3 million. Issued as a rollover of maturing one-year bills. Savings-type Investors were given the privilege of paying for the bonds in installments up to June 15, 1960 (not less than 40 percent by April L4, the delivery date; 70 percent by May 15; and full payment by June 15). In addition to the amounts allotted to the public, #100 million of the bonds was allotted to Government 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 In addition, $27.4 million of the notes was less than #100,000. allotted to Government investment accounts. Subscriptions for #25,000 or less were allotted in full. Subscriptions for more than #25,000 were allotted 85 percent but in no case In addition, #71 million of the notes was less than #25,000. allotted to Government investment accounts. Subscriptions were permitted to be made with payment in cash or in 4-3/4)8 Treasury notes maturing August 15, 1960 (see Table 6, footnote 22), In addition, in order that holders of 3-5/8;f 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 August 15, 1960, 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, Combined total includes #80 million allotted on subscriptions from holders of the Federal National Mortgage Association notes maturing August 23, 1960 (see footnote 32), Consists of allotments on subscriptions f'-om holders of Treasury notes maturing August 15, 1960, Subscriptions 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 circular, totaled #6,285 million and were allotted in full. Subscriptions subject to allotment totaled #11,104 million 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. Subscriptions totaled #1,181 million from savings-type investors and #100 million from Government investment accounts; both were allotted Subscriptions from commercial banks for their own accounts -25 percent. 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. In addition to the amounts allotted to the public, there was allotted to Government investment accounts #131.3 million of the 3-l/2!6 bonds of 1980, #215,9 million of the 3-1/2J6 bonds of 1990, and #236,5 million of the 3-1/2* bonds of 1998. 38/ Holders of approximately #750 million of Series F and G savings bonds issued in 1949, which mature in 1960, were offered in exchange the A% bonds, with certain adjustments as of December 15, 1960, at a price of IOO2, Smaller denominations of savings bonds could be exchanged for the next higher multiple of #500 of the bonds upon payment of any cash difference. Cash payments amoimted to #365,375, 39/ Subscriptions were permitted to be made with payment in cash or in 4-7/8)6 Treasury certificates maturing February 15, 1961 (see Table 6, footnote 17). 40/ Consists of allotments on subscriptions from holders of certificates of Indebtedness maturing February 15, 1961. 41/ Subscriptions 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 circular, totaled $4,364 million and were allotted in full. Subthose scriptions subject to allotment totaled $14,619 million: up to and including $10,000 were allotted in full; all others were allotted 20 percent but in no case less than $10,000. 42/ In addition to the amounts allotted to the public, there was allotted to the Federal Reserve Banks and Government investment accounts #39 million of the 3-3/8)8 bonds of 1966, and #540 million of the 3-5/8)8 bonds of 1967. 43/ Subscriptions were permitted to be made with payment in cash or in the 4-3/4)6 Treasury certificates or 3-5/8)8 Treasury notes, both maturing May 15, 1961 (see Table 6, footnote 20). 44/ Consists of allotments on subscriptions from holders of certificates of indebtedness and Treasury notes maturing May 15, 1961. 45/ 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 27 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 #25,000. 46/ Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash of eighteen series of weekly Treasury bills maturing from August 3, 1961, to November 30, 1961. 47/ In addition to the amounts allotted to the public, there was allotted to the Federal Reserve Banks and Government investment accounts. $480.4 million of the 3-1/2)6 bonds of 1980, #160.6 million of the 3-1/2)8 bonds of 1990, and #289.5 million of the 3-1/2)6 bonds of 1998. 48/ Subscriptions for #100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case In addition, #100 million of the notes was less than $100,000, allotted to Government investment accounts, 49/ Includes #2 million allotted to Government Investment accounts of the 3-1/4^ notes, #4 million of the 3-3/4S8 bonds of 1966, and #136 million of the 3-3/458 bonds of 1974, 50/ Sale of a "strip" of Treasury bills, consisting of an additional #100 million for cash of eight series of weekly Treasury bills maturing from December 7, 1961, to January 25, 1962. 51/ Holders of approximately $970 million of Series F and G savings bonds issued in 1950, which mature in 1962, were offered in exchange the 3-7/8)6 bonds with certain adjustments as of December 15, 1961, at a price of 99,50, Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to $309,000. 52/ Subscriptions for #50,000 or less were allotted in full. Subscriptions for more than #50,000 were allotted 60 percent but in no case In addition, #100 million of the bonds was less than #50,000, allotted to Government investment accounts, 53/ Includes #3,411 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/2)6 certificates and #1,518 million of the 4)6 notes. 54/ In addition to the amounts allotted to the public, there was allotted to Government investment accounts #385 million of the 4)6 bonds of 1971, $177 million of the 4)8 bonds of 1980, $218 million of the 3-1/2? bonds of 1990, and $221 million of the 3-l/2!8 bonds of 1998. 55/ Issued for cash and in exchange for tax anticipation bills maturing March 23, 1962 (see Table 6, footnote 22). Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but In no case In addition, $100 million of the bonds was less than $50,000. allotted to Government Investment accounts. 57/ Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4)6 certificates, $14 million of the 3-5/8)6 notes, and $64 million of the 3-7/8)6 bonds. Footnotes continued on following page. 37/ ^ ' Tr easury Bulletin r 46 PUBLIC DEBT OPERATIONS Footnotes to Table 4 ^6/ 59/ 60/ 61/ 62/ 63/ bi/ Subscriptions were permitted to be made with payment In cash or in the A% notes or }-l/A% notes, both maturing August 15, 1962 (see Table 6, footnote 23). Consists of allotments on subscriptions from holders of Treasury notes maturing August 15, 1962. Subscriptions 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 Banis totaled $4,760 million for the certificates and were allotted in full, in accordance with the offering circular. Subscriptions from all others totaled $15,395 million and were allotted 12-1/2 percent with subscriptions for $50,000 or less allotted In full and those for more than $50,000 allotted not less than $50,000. Subscriptions for the A% bonds totaled $6,743 million and were allotted 22 percent with subscriptions for $100,000 or less allotted in full and those for more than $100,000 allotted not less than In addition, $100 million of the bonds was allotted to $100,000. Government investment accounts, In All subscriptions for the A-l/i% bonds were allotted in full. addition, $50 million of the bonds was allotted to Government investment accounts. Savings-type investors were given the privilege of paying for the bonds allotted to them in Installments up to October 15, 1962 (not less than 30 percent by August 15, 1962, the issue date; 60 percent by September 15, 1%2; and full payment by October 15, 1962). In addition to the amounts allotted to the public, there were allotted to Government investment accounts $21 million of the 3-3/A% notes and $320 million of the A% bonds. Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the J-l/8% certificates, $1 million of the 3-l/2){ notes, and $6 million of the 4/f bonds. 65/ 66/ 67/ 68/ 69/ 70/ 71/ jg/ - (Continued) Sale of a "strip" of Treasury bills, consisting of an additional $100 million for cash of ten series of weekly Treasury bills maturing from January 17, 1963, to March 21, 1%3. Holders of approximately $458 million of Series F and G savings bonds which mature in 1963 and 1964 were offered in exchange either the 3-7/8^ bonds or the 45^ bonds with certain adjustments as of December 15, 1962, at a price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to about $93,000 for the 3-7/8;f bonds and about $101,000 for the 4if bonds. The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $99.85111 per $100 of face amount for a A% coupon, resulting in a net basis cost to the Treasury of 4.008210i8, calculated to maturity. Includes $3,921 million allotted to Federal Reserve Banks and Government Investment accounts of the J-l/^% certificates and $15 million of the 3-3/4St bonds. In addition to the amoxints allotted to the public, there were allotted to Government Investment accounts $19.8 million of the 3-5/8!e notes, $29.6 million of the 3-7/8$ bonds of 1971, $151.9 million of the 3-7/8$ bonds of 1974, and $123.9 million of the A% bonds of 1980. The bonds were sold to a syndicate on the basis of competitive bidding for reoffering to the public. The winning bid was $100.55119 per $100 of face amount for a 4-l/8$ coupon, resulting in a net basis cost to the Treasury of 4.093145$, calculated to maturity. Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-l/4$ certificates, and $85 million of the 3-5/8$ notes. Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but in no case Preliminary. less than $100,000. p June 19 6 J 47 PUBLIC DEBT OPERATIONS Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bills i/ (In millions of dollars) Issue Treasuru Bulletin PUBLIC DEBT OPERATIONS Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury Bl lis i^- (Continued) (In millions of dollars) Issue June 196 J 49 PUBLIC DEBT OPERATIONS Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities Other Than Regular Weekly Treasury BlllsV- (Continued) (In millions of dollars) Issue Treasury Bulletin PUBLIC DEBT OPERATIONS Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Treasury Bills June 19 6 J 51 PUBLIC DEBT OPERATIONS Table 6.- Dlpposltlon of Matured Public Marketable Securities Other Than Regular Weekly Tren^ ry Bills - (Continued) 52 Treasury Bulletin PUBLIC DEBT OPERATIONS Table 6.- Disposition of Matured Public Marketable Securlt les Other Than Regular Weekly Treasury Bills - (Continued) I June 196 J 53 PUBLIC DEBT OPERATIONS Table 6.- Disposition of Matured Public Marketable Securities Other Than Regular Weekly Tre"' ny Bills - (Continued) Treasury Bulletin 54 PUBLIC DEBT OPERATIONS. Table 6.- Dlppopltl on of Matured Public Marketable Securl ties Other Than Regul ar Weekly Treasury Bllle - (Continued) . . . . : . June 19 6 J 55 PUBLIC DEBT OPERATIONS Footnotes to Table 6 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/ Original call and maturity dates are used. 2/ All by investors other than Federal Reserve Banks 2/ 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. ^/ Tax anticipation issue; for detail of offerings beginning 1957, see Table 4; for amounts redeemed for taxes and for cash see "Note" below. 5/ During June and July 1958, $491 million of the 2-i/8% Treasury bonds of 1965 was 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. 7/ Represents amount which owners exercised the option to redeem on August 1, 1959 (see Table 4, footnote 9). 8/ Holders of the 4^ notes, who had the option to redeem at par on February 15, 1960, by giving notice not later than November 16, 1959, were permitted to exchange their holdings on November 15, 1959, for the 4-7/8^ notes. 2/ Rolled over into a one-year bill (see Table 4) 10/ Amount which owners exercised the option to redeem on February 15, 1960 (see Table 4, footnote ll). 11/ Advance refunding offering. Pursuant to the provisions of section 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 his 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 upon the disposition or redemption of the new obligations 12/ Holders of 2-1/2^ Treasury bonds maturing November 15, 1961, were offered the option to exchange the bonds during the period from June 8, 1960, to June 13, 1960, inclusive, subject to allotment if subscriptions exceeded by 10 percent the offering limits of $3.5 billion for the notes and $1.5 billion for the bonds. Holders of the maturing notes were not offered preemptive rights to 12/ exchange their holdings, but were permitted to present them in payment or exchange, in whole or in part, for the 3-1/8$ certificates or the 3-7/8if bonds, which were offered in an aggregate of around $8-3/4 billion. For detail of offering, see Table 4. li/ Excess of maturing 4-3/4? Treasury notes over allotments of new securities on subscriptions from holders of those notes (see Table 4, footnotes 32 and 34). Reopening of an earlier issue 16/ Holders of 2-1/2S6 Treasury bonds maturing June 15, 1967, December 15, 1968, June 15, 1969, and December 15, 1969, were offered the option to exchange the bonds during the period from September 12. 1960, to September 20, 1960, inclusive, the first for 3-1/2* bonds' of 1980, the second for 3-l/2if bonds of 1990, and the other two for 3-1/2* 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. 17/ 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 3-1/4* notes offered in the amount of around $6.9 billion. For detail of offering, see Table 4. 18/ Excess of maturing 4-7/8* certificates over allotments of new securities on subscriptions from holders of those certificates (see Table 4, footnotes 39 and 4O) 19/ ; V 20/ 21/ 22/ 23/ 24/ 25/ 26/ p From March 20 through March 22, 1961, owners of 2-1/4* bonds of June 15, 1959-62, 2-1/4* bonds of December 15, 1959-62, 2-5/8* notes maturing February 15, 1963, and 2-1/2* bonds maturing August 15, 1963, were granted the option of exchanging their holdings. The first three were exchangeable for a new 3-5/8* bond due November 15, 1967, and the last for a new 3-3/8* bond due November 15, 1966. Exchanges were subject to allotment if subscriptions exceeded $5 billion for the bonds of 1967 or $3 billion for the bonds of 1966. 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* certificates or the $2,500 million offering of 3-1/4* notes. For detail of offering, see Table 4. Excess of maturing 4-3/8* certificates and 3-5/8* notes over allotments of new securities on subscriptions from holders of those certificates and notes (see Table 4, footnotes 43 and 44). $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see Table 4). 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 $6,500 million offering of 3-1/2* certificates, the $1,500 million offering of 4* bonds, or the $750 million offering of 4-1/4* bonds. For detail of offering, see Table 4. Excess of maturing 4* notes and 3-1/4* notes over allotments of new securities on subscriptions from holders of those notes (see Table 4, footnotes 58 and 59). From September 10 through September 12, 1962, owners of securities maturing February 15, 1963 (3-1/2* certificates, 2-5/8* notes, 3-1/4* notes), and May 15, 1963 (3-1/4* certificates, 3-1/4* notes, 4* notes) were granted the option of exchanging their holdings, subject to allotment if subscriptions exceeded the offering limits of $6 billion for the notes and $3 billion for the bonds. Called on August I4, 1962, for redemption on December 15, 1962. Preliminary. Note: Information on retirement of tax anticipation issues referred to in footnote 4, in millions of dollars Date of retirement Treasury Bulletin 56 PUBLIC DEBT OPERATIONS Table 7.- Foreign Series Securities (Nonmarke table) Issued to Foreign Monetary Authorities June 196 J 57 PUBLIC DEBT OPERATIONS Table 7.- Foreign Series Securities (Nonmarketable) Issued to Foreign Monetary Authorities - (Continued) (Payable In U. S. Dollars) Amount Month of activity Security Issue date Maturity date Interest rate Issued (Percent) May, Certificates of indebtedness 5/6/63 5/20/63 5/20/63 5/2^63 5/29/63 5/31/63 Source: Daily Treasury statement. 8/6/63 8/20/63 8/20/63 8/26/63 8/29/63 7/16/63 2.90 2.95 2.95 2.95 3.00 2.00 Retired Outstanding (In millions of dollars) 25 25 10 25 15 25 ';83 508 518 543 558 583 58 June 19 6 J . . ., , . Ireasury Bulletin 60 .UNITED STAIES SAVIHGrS BONDS. Table 3.- Sales and Redemptions by Periods, Series E through K (In millions of dollars) Redemptions Sales 1/ Accrued discount Sales plus accrued discount Sales price Total j/ Amount outstanding 1/ Accrued discount 2/ Interest-bearing debt Series E and H combined Fiscal years: V- 73,979 5,225 5,260 4,613 4,670 4,506 4,307 4,464 4,421 8,061 1,123 76,352 5,368 5,043 1,133 1,161 1,174 1,194 1,254 1,331 82,040 6,348 6,374 5,746 5,831 5,680 5,501 5,717 5,753 4^,558 4,544 4,730 5,176 5,187 5,107 4,507 4,689 4,320 4,350 4,539 4,278 8,626 1,113 1,124 1,143 1,178 1,169 1,224 1,293 1,372 1962- July August , , , September, 358 360 301 October. ,, November. December. 19^1-195-4 1955 1956 V , , Calendar years: 1941-1954 1955 1956 1957 1958 1959 1960 1961 1962 , , , , , , , 2,500 633 661 4,627 4,603 732 755 797 886 721 731 37,482 39,285 40,929 41,498 42, U2 42,716 42,715 43,806 44,955 84,977 6,481 6,167 5,649 5,867 5,489 5,574 5,832 5,650 46,744 4,652 4,832 5,469 4,856 5,519 4,996 4,484 4,636 43,946 3,998 4,162 4,686 4,129 4,636 4,202 3,781 3,882 2,798 654 670 783 727 883 794 703 754 38,233 40,063 41,398 41,578 42,589 42,559 43,137 44,485 45,499 134 106 113 492 466 398 386 360 330 323 302 67 4U 58 45,049 45,130 45,184 360 327 295 107 107 129 466 434 424 366 335 308 306 282 259 61 54 48 45,284 45,383 45,499 136 108 110 661 533 507 481 391 293 307 90 353 364 60 57 45,679 45,859 46,002 4U 1957 1958 1959 1960 1961 1962 42,058 3,911 4,069 4,444 4,432 4,310 4,616 3,906 3,873 525 425 397 • 106 106 519 516 409 375 344 315 60 1,1U 5,502 Months: , 1963- January. . February. March April May , 410 Series F, G, J, and K combined Fiscal years: 1941-1954 1955 1956 1957 1958 1959 1960 1961 1962 V y.. 29,848 1,249 586 268 729 108 100 83 65 54 46 32 27 Calendar years: 1941-1954 1955 1956 1957 1958 1959 1960 1961 1962 30,472 907 475 98 784 103 92 74 58 52 38 29 25 Months: 1962- July August . . September October. November. December. 1963- January, . February. March. . . . April May 30,577 ^ 63 65 46,112 46,253 Jane 1961 Table 3.- Sales , . . Treasury Bulletin 62 .UNITED STATES SAVINGS BONDS. Table 4.- Redemptions of Matured and Unmatured Savlngp Bonds — (In millions of dollars) Matured Total V Total Series E and H Unmatured Other Total Series E and H Other Unclassified 11/ Fiscal years: 817 6,137 5,109 5,621 6,515 7,251 7,846 8,958 8,544 7,249 8,557 5,819 5,716 1,761 2,747 3,941 4,263 4,115 3,730 3,621 4,126 2,673 2,593 5,651 5,074 772 1,015 6,U9 6,985 7,301 8,264 9,630 7,255 8,772 6,732 5,595 5,602 2,318 3,171 4,230 4,246 4,156 3,393 4,701 3,033 2,555 2,387 254 968 1,328 1,500 2,047 1,891 2,084 1,691 2,433 1,944 1,633 1,656 453 429 402 138 106 186 108 86 153 October, November. December. 514 402 460 179 176 333 148 145 110 1963- January. February. 241 179 206 155 March 558 398 405 April May 446 408 173 182 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 Calendar years: 1951 1952 1953 195-i 1955 1956 1957 1958 1959 1960 1961 1962 792 38 702 1,128 1,487 1,826 1,917 1,971 1,906 1,996 2,304 1,733 1,668 779 90 633 6/ 1,260 6/ 2,115 2,345 2,144 1,824 1,625 1,822 2/ 940 S/ 925 2/ 5,300 4,316 3,859 3,589 3,394 3,467 4,657 4,739 3,778 4,641 3,358 3,070 4,258 3,304 2,955 2,715 2,775 2,785 4,914 4,025 3,799 3,057 3,666 3,899 5,207 3,841 4,520 3,938 3,100 3,002 3,817 3,096 2,882 2,464 2,976 2,920 3,322 3,091 3,445 3,132 3,195 3,235 3,285 3,075 2,875 1,042 1,012 904 874 619 682 1,526 1,544 19 1 179 -84 116 185 75 543 1,356 283 196 -150 -210 -212 -35 34 31 757 -595 120 2,899 2,827 1,097 929 917 593 689 979 1,886 750 1,075 825 201 175 237 210 215 222 195 214 15 15 2 77 113 230 274 232 13 12 20 92 223 10/ 243 286 252 102 10/ 24 10/ 58 10/ 266 234 233 253 224 224 12 10 9 -15 -34 118 55 10/ 155 27 232 293 221 283 11 11 41 -67 518 47 990 6/ 1,672 2,183 2,355 2,072 1,702 2,268 1,089 922 730 7/ 2/ 8/ 8/ 2/ 10/ 3,1U 53 266 22 -449 -239 -60 213 Months: 1962- July August . . September 138 U8 Daily Treasury statement; Office of Debt Analysis in the Office of the Secretary. Note: In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at current redemption value. Series G, H, and K are included at face value throughout. Matured bonds which have been redeemed are included in redemptions. Matured F and G bonds outstanding are included in the interest-bearing debt \intil all bonds of the annual series have matured, and are then transferred to matured debt upon which interest has ceased. 1/ Sales and redemption figures include exchanges of minor amounts of (1) matured Series E bonds for Series G and K bonds from May 1951 throxigh April 1957 and (2) Series F and J bonds for Series H bonds beginning January 1960; however, they exclude exchanges of Series E bonds for Series H bonds, which are reported in Table 3. 30 20 33 31 31 Source: 2/ j/ Details by series on a cumulative basis and by periods for Series Ar-D combined will be found in the February 1952 and previous issues of the Treasury Bulletin. Because there is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discount has been estimated. Beginning with the Treasury Bulletin of March 1961 the method of distributing redemptions between sales price and accrued discount has been changed to reflect the distribution shown in final ^ ^ 6/ 2/ 8/ 2/ 10/ 11/ 1 -60 -125 52 reports of classified redemptions. All periods shown have been revised on this basis. Reductions were made in issues and redemptions of Series E, H, F, G, J, and K bonds in July 1954 to compensate for the erroneous inclusion of reissue transactions in June 1954 as reported in the daily Treasury statement. The amounts involved were as follows: $18 million for issues of Series E and H, $17 million for issues of Series F, G, J, and K, and $35 million for unclassified retirements. Series F and G sales were discontinued April 30, 1952, and Series J and K sales were discontinued April 30, 1957. Sales figures after April 30, 1957, represent adjustments. Includes exchanges of Series 1941 F and G savings bonds for 3-1/4/6 marketable bonds of 1978-83. Includes exchanges of Series 1948 F and G bonds for 4-3/4!f marketable notes of 1964. Includes exchanges of Series 1949 F and G bonds for 4/f marketable bonds of 1%9. Includes exchanges of Series 1950 F and G bonds for 3-7/85t marketable bonds of 1968. Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/858 marketable bonds of 1971 and 4!f marketable bonds of 1980. Represents changes in the amounts of redemptions not yet classified between matured and unmatxared issues. * Less than $500,000. i Jane 196 J 63 OWhfERSHIP OF FEDERAL SECURITIES. Table 1.- Dlstrlbutlon of Federal Securities by Classes of Investors and Types of Issues (In millions of dollars) . Treasury Bulletin 64 .OWNERSHIP OF TEDERAL SECURITIES. Table 3.- Estimated Ownership of Federal Securities (Par values l/ in billions of dollars) Held by banks End of month Total Federal securities outstanding 2/ Held by private nonbank investors U. S, Commercial banks Federal Reserve Banks Government Investment accounts Individuals ^ Mutual Savings bonds Total Total 2/ 1939-Dec . 47.6 15.9 2.5 6.5 22.7 19^0- June. 48.5 50.9 16.1 17.3 2.5 2.2 7.1 7.6 22.8 23.9 10.1 10.6 55.3 64.3 19.7 21.4 2.2 2.3 8.5 9.5 25.0 31.0 11.2 13.6 77.0 112.5 26.0 41.1 2.6 6.2 10.6 12.2 37.7 53.0 140.8 170.1 52.2 59.9 7.2 11.5 U.3 16.9 202.6 232.1 68.4 77.7 M.9 18.8 259.1 278.7 84.2 90.3 279.8 269.9 259.5 93.8 84.4 258.4 257.0 Series Other E and H series ^ Other securities Insurance companies savings banks State and Corporalocal tions governments ^ Foreign and international 2/ 1.9 8.2 6.3 3.1 2.2 2.6 2.8 7.5 7.8 6.5 6.9 3.1 3.2 2.1 2.0 .4 .5 .2 .2 3.4 4.2 7.6 8.2 7.1 8.2 3.4 3.7 2.0 4.0 .6 .7 .2 1.1 17.8 23.7 3.7 6.9 5.4 6.5 8.7 10.3 9.2 11.3 3.9 4.5 4.9 10.1 .9 1.0 .4 .8 67.0 81.7 30.9 37.6 11.3 16.0 7.9 8.7 11.7 12.9 13.1 15.1 5.3 6.1 12.9 16.4 1.5 2.1 1.3 1.5 19.1 21.7 100.2 IIA.O 46.1 53.3 21.1 25.5 10.1 10.7 U.9 17.1 17.3 19.6 7.3 8.3 20.2 21.4 3.2 4.3 1.4 1.7 21.8 24.3 24.9 27.0 128.2 136.6 59.1 64.1 29.1 30.7 11.6 12.2 18.5 21.2 22.7 24.0 9.6 10.7 23.3 22.2 5.3 6.5 2.0 2.4 28.0 29.1 30.9 135.1 132.6 130.7 64.1 63.3 64.2 30.8 30.4 30.3 12.5 13.1 13.9 20.8 19.9 20.1 24.4 24.9 24.9 11.1 11.5 11.8 19.9 17.3 15.3 6.7 74.5 22.9 23.8 23.3 6.5 6.3 2.4 2.2 2.1 70.0 68.7 21.9 22.6 32.8 34.4 133.7 131.3 66.6 65.7 30.8 31.0 U.7 15.2 21.1 19.4 24.6 23.9 12.1 12.0 13.7 14.1 7.1 7.3 3.4 2.7 252.4 252.9 64.6 62.5 21.4 23.3 35.3 37.3 130.7 129.7 65.8 65.5 31.6 32.2 15.5 15.6 18.6 17.6 22.8 21.2 12.0 11.5 13.6 14.8 7.8 7.9 2.6 2.8 252.8 257.2 63.0 66.8 19.3 18.9 38.3 39.4 132.2 132.1 66.6 66.3 33.1 33.8 15.7 15.5 17.8 17.0 20.5 20.1 11.6 11.4 15.8 16,8 8.0 8.1 2.9 2.9 257.4 256.7 65.6 61.8 18.3 20.8 37.8 39.2 135.6 134.9 67.4 66.3 34.5 34.5 15.4 15.1 17.6 16.7 19.8 18.7 11.6 10.9 18.4 19.7 8.7 8.8 3.5 4.3 255.3 259.5 58.4 61.6 23.0 23.8 41.0 42.3 132.9 131.8 65.4 64.6 34.5 34.7 14.6 14.4 16.3 15.5 17.1 16.5 10.2 9.8 20.1 20.7 9.4 9.6 4.2 4.3 259.2 267.4 61.1 63.4 22.9 24.7 44.3 45.9 130.3 133.4 64.3 65.2 34.9 35.3 14.1 13.8 15.7 16.0 15.7 16.0 9.6 9.5 18.8 19.9 10.4 11.1 4.7 266.1 275.2 58.8 63.7 24.7 25.9 47.6 48.3 135.0 137.3 66.1 64.8 36.0 36.7 13.2 12.7 16.8 15.4 16.0 15.9 9.5 9.2 18.6 21.5 12.0 12.7 5.7 5.9 271.3 278.8 63.6 69.2 25.0 24.9 49.3 49.6 133.3 135.1 64.7 63.4 37.5 38.2 12.1 11.7 15.1 13.5 15.4 15.3 9.1 8.8 16.6 19.2 13.9 6.0 6.3 274.4 280.8 63.5 62.0 23.6 24.8 50.5 51.7 136.7 65.0 64.7 39.3 40.1 10.9 10.2 14.8 U.5 15.0 14.6 8.7 8.5 18.3 23.5 14.7 15.4 6.8 U2.3 272.8 276.7 57.3 59.5 23.8 24.9 53.5 54.0 138.3 138.2 66.2 65.5 40.9 41.4 9.4 8.7 15.9 15.4 13.6 13.2 3.4 3.0 17.7 19.1 16.1 16.3 7.9 7.8 270.6 275.0 56.2 59.5 23.0 24.2 55.6 55.2 135.9 136.1 65.6 64.0 41.5 41.6 7.6 6.6 16.5 15.8 12.7 12.5 7.9 7.6 16.8 18.6 16.8 16.6 7.6 7.6 276.4 283.0 65.3 67.5 25.4 26.3 55.9 54.4 129.9 134.8 63.7 63.0 42.1 42.5 5.9 5.2 15.7 15.3 12.2 12.7 7.4 7.3 14.8 18.8 16.3 16.5 6.5 7.7 284.8 290.9 61. 60. 26.0 26.6 54.6 53.7 142.6 150.3 65.3 68.0 42.6 42.4 4.5 3.5 18.3 22.1 12.6 12.5 7.3 6.9 20.3 22.3 16.9 18.0 10.1 12.0 286.5 290.4 55.3 62.1 26.5 27.4 55.3 55.1 M9.3 145.8 68.2 64.9 42.5 42.9 3.1 2.7 12.0 11.9 6.6 6.3 21.0 19.9 13.3 13.7 12.3 13.0 289.2 296.5 62.5 67.2 27.3 28.9 56.1 54.5 U3.3 U5.9 63.4 65.2 43.6 44.2 2.5 2.2 17.4 18.8 11.4 11.4 6.3 6.1 19.7 19.4 19.3 13.7 12.7 13.4 28.5 28.4 29.1 29.2 29.6 29.7 29.8 30.4 29.8 65.4 65.4 65.7 65.5 65.2 65.2 65.6 65.7 65.9 65.8 66.0 66.2 66.6 66.7 67.4 66.8 44.4 44.4 44.5 44.5 44.6 44.6 44.7 44.8 44.9 44.9 45.0 45.1 45.3 45.5 45.6 45.7 2.2 2.2 2.1 2.1 2.0 2.0 2.0 2.0 2.0 1.9 1.9 1.3 1.7 1.7 1.6 1.6 18.8 18.3 19.1 13.9 13.5 18.5 18.9 18.9 19.1 19.0 19.1 19.3 19.6 19.6 20.1 11.6 11.5 11.5 11.5 11.5 11.3 11.5 11.5 11.4 11.5 11.5 11.5 11.5 11.4 11.2 11.1 20.4 21.4 20.2 20.4 20.8 19.3 19.8 20.9 18.8 19.7 21.5 19.8 20.8 21.4 20.5 20.7 19.0 19.1 12.9 13.0 13.6 13.3 13.5 303.5 303.7 53.8 54.2 54.5 53.7 55.9 56.5 55.5 57.1 56.4 56.1 57.9 55.6 54.5 55.1 55.1 54.3 6.2 6.3 6.6 6.3 6.3 6.3 6.3 6.3 6.3 6.1 6.1 6.1 6.1 6.1 Mar.. Apr p 67.8 66.6 64.0 65.3 65.2 65.0 64.5 64.5 64.6 65.9 65.4 66.5 66.0 65.1 63.9 64.2 146.8 June. July. Aug.. Sept. Oct.. Nov., Dec.. 196 3- Jan.. Feb.. 296.9 297.4 296.5 297.4 299.6 298.6 298.3 302.3 300.0 302.6 305.9 304.0 303.9 305.2 Dec. 1941- June. Dec. 1942- June. Dec. 194 3- June. Dec. 1944- June. Dec. 1945-June. Dec. 1946-Feb. 2/ June. Dec. 194 7- June. Dec. 1948- June. Dec. 1949-June. Dec. 1950- June. Dec. 1951- June. Dec. 1952-June. Dec. 195 3- June. Dec. 1954-June. Dec. 195 5- June. Dec. 1956-June. Dec. 1957-June. Dec. 1958-June. Dec. 1959-June. Dec. 1960- June. Dec. 1961- June. Dec. 1962- Jan.. Feb.. Mar.. Apr.. May.. Source: i/ 2/ 2/ 30.2 30.5 30.8 30.3 30.6 31.0 31.2 U8.3 U9.0 H9.1 148.8 U7.6 148.5 150.4 149.1 150.4 152.1 151.1 153.1 154.4 153.6 154.0 Office of Debt Analysis in the Office of the Secretary. United States savings bonds, Series A-F and J, are included at current redemption value. Securities issued or guaranteed by the U. S. Government, excluding guaranteed securities held by the Treasury. Consists of commercial banks, trust companies, and stock savings banks in the United States and in Territories and island possessions. Figures exclude securities held in trust departments. .2 i/ ^ ^ 2/ 8/ 2/ 19.5 6.3 6.1 .2 U.4 19.5 19.6 19.7 19.7 19.9 19.9 19.8 19.6 19.3 19.5 19.9 19. 9r 20.1 20.6 .4 5.3 7.5 U.l U.2 14.6 15.1 15.4 15.4 15.3 15.3 15.2 15.3 15.6 Includes partnerships and personal trust accounts. Discontinued series. See savings bonds tables. Exclusive of banks and ins\irance companies. Consists of the investments of foreign balances and international accounts in the United States. Consists of savings and loan associations, nonprofit Institutions, corporate pension trust funds, and dealers and brokers. r Revised. Immediate postwar debt peak. Preliminary. p , June 196 J 65 .TKEASDEI SUWET OF OWNERSHIP, APRIL The monthly Treasury Survey of Ovmershlp covers securities Issued by the United States Sovernment eind by Federal agencies. The banks and Insurance companies Included Holdings by commercial banks distributed according to Federal Reserve member bank classes and nonmember banks are ciations is 50 percent, and for State and local governments, Data were first published for banks and insurance companies in the May I9IH Treasury Bulletin, for 60 percent. I - , corporations and savings and loan associations in the September i960 Bulletin, and for State and local governments in the February 196a Bulletin. In the Survey currently account for about 90 percent of all such securities held by these Institutions. The similar proportion for corporations and for savings and loan asso- Section 30, 1963 published for June 30 B.ni December 3I. Holdings by corporate pension trust funds are published quarterly, first appearing in the March 195!^ Bulletin. Securities Issued or Guaranteed by the United States Government Table 1.- Summary of All Securities (Par values - in millions of dollars) Held by investors covered in Treasury Survey Total amount outstand- 6,130 commercial banks 2/ 2/ 507 mutual savings banks 2/ 204,884 53,261 41,604 56,142 284 6/ 5,964 163 5,022 506 4,300 299,750 Classification 56,425 6,127 5,527 ing Interest-bearing securities Public marketable Public nonmarketable Special issues Insurance companies 1/ 301 life State and local governments U, S, Government investment accounts and Federal Reserve Banks savings and loan associations 472 corporations 3,240 91 10,986 89 7,671 179 4,867 221 41,609 2,300 41,604 4,388 3,331 10,994 7,850 5,C 85,513 508 fire, casualty, and marine 295 general funds 185 pension and retirement funds : ^ Total interest-bearing securities Matured debt and debt bearing no interest 2/ 3,978 Total securities issued or guaranteed by U. S. Government 8/. 303,728 Footnotes at end of Table 4. Table 2.- Summary of Interest -Bearing Public Marketable Securities (Par values - In millions of dollars) Held by investors covered in Treasury Survey Classification By type of security: Issued by U, S, Government: Treasury bills Certificates of indebtedness,,,, Treasury notes Treasury bonds Guaranteed by U, S, Government 8/, Tota 1 By maturity distribution: Call classes (due or first becoming callable): Within 1 year 1 to 5 years 5 to 10 years 10 to 15 years 15 to 20 years 20 years and over Guaranteed securities 8/ Total Maturity classes (final maturity): Within 1 year 1 to 5 years 5 to 10 years 10 to 15 years 15 to 20 years 20 years and over Guaranteed securities 8/ Tota 1 Footnotes at end of Table 4. Insxirance companies Total amount outstanding 6,130 commercial banks 2/ 2/ 49,430 21,760 53,042 80,091 8,481 2,900 21,395 23,322 561 44 384 69 1,180 4,232 99 75 15 56,142 5,964 5,022 4,300 85,746 74,678 21,077 2,714 6,116 13,993 16,846 28,570 9,511 402 280 489 857 2,250 1,078 117 321 1,110 183 928 2,403 561 44 1,221 99 75 15 51 204,884 56, W2 5,964 5,022 4,300 82,469 61,079 37,952 2,244 4,525 16,054 15,593 25,920 13,414 679 1,305 2,202 98 270 465 880 48 650 1,743 1,492 296 1,285 584 104 220 State and local governments 51 204,884 561 386 245 540 44 2ai,884 56,142 507 mutual savings banks 2/ 342 301 life 233 9 372 4,333 508 fire, casualty, and marine 281 128 1,238 2,637 56 554 82 683 2,593 137 181 2,701 75 488 savings and loan associations U. S. Government investment accounts and Federal Reserve Banks 472 corporations 295 general 7,175 804 1,843 1,165 3,916 524 781 2,450 203 7 204 4,425 28 3,714 14,109 11,401 12,220 3,240 10,986 7,671 4,867 41,609 470 8,783 2,043 138 272 581 283 19,981 14,582 247 12 4,782 1,255 279 120 402 833 766 1,423 2,415 3,240 10,986 7,671 4,867 41,609 396 769 1,285 115 145 480 8,659 1,922 382 245 259 632 117 14 4,739 787 791 87 192 1,076 19,548 12,160 5,132 641 1,237 2,726 10,986 7,671 241 58 514 2,376 1,158 821 121 181 436 99 75 15 5,022 4,300 3,240 2 9 * 51 5,9d4 9 185 pension and retirement funds 993 2,463 28 591 2,994 28 4,867 165 2,277 165 165 41,609 Treasury Bulletin 66 .TEEASDRY SUWEY OF OWNERSHIP, APRIL 30, 1963 Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues (Far values - in millions of dollars) Held by investors covered in Treasury Survey Issue Total amount outstand- Aug. 1963 - Oct. 1963. 6,130 commercial banks 2/ J/ ing Treasury bills: Regular weekly: May 1963 - July 1963. Insurance companies 27,022 10,404 507 mutual savings banks 2/ 508 fire, casualty, and 301 life marine 185 78 125 156 40 71 10 3,487 2,013 50 488 savings and loan associations 13 126 42 State and local governments 472 corporations 3,339 1,325 295 general funds 2,507 639 185 pension and retirement funds 178 14 U. 0,, Government investment accounts and Federal Reserve flanks 2,206 867 Tax anticipation: June 1963 2,503 July 1963 2,004 2,500 2,496 2,501 284 556 716 1,174 17 48 33 13 11 49,430 8,481 384 233 5,284 5,181 4,554 6,741 1,100 476 187 1,136 21,760 2,900 ,183 ,027 ,011 ,893 ,933 ,316 ,019 ,195 ,113 ,954 ,380 ,454 ,287 ,282 506 444 1,217 961 1,970 1,441 24 Other: Oct. 1963 Jan. 1964 Apr. 1964 Total Treasury bills Certificates of indebtedness: 196 3-B 3-1/4S6 May 1963-C 3-1/2 Aug. Nov. 1963-D 3-1/8 Feb. 1964-A 3-1/4 Total certificates of indebtedness Treasury notes: May ^% May 3-1/4 4-7/8 Nov. May 3-3/4 May 4-3/4 5 3-3/4 4-7/8 4-5/8 3-1/2 3-5/8 4 Aug. Aug. Nov. May Nov. Feb. Aug. Feb. Aug. Oct. Apr. Oct. Apr. Oct. Apr. Oct . Apr. Oct. Apr. 3-5/8 3-3/4 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 Total Treasury 1963-B 1963-D 1963-C 1964-D 1964-A 1964-B 1964-E 1964-C 1965-A 1965-B 1966-B 1966-A 1967-B 196 7-A 1963-EO 1964-EA 1964-EO 1965-EA 1965-EO 1966-EA 1966-EO 1967-EA 1967-EO 1968-EA notes 457 490 466 315 675 357 270 457 531 338 1,909 710 679 1,898 1,556 1,563 2,568 3,299 233 160 204 222 146 279 207 147 156 173 226 277 1 16 22 24 10 393 315 170 204 78 281 241 7,175 3,916 19 13 49 34 5 5 7 15 59 267 66 110 362 178 115 70 160 2,611 3,801 3,774 3,923 58 804 524 14,109 13 38 20 41 98 147 7 20 3 30 15 128 41 24 141 64 102 94 53 129 116 23 41 107 78 145 9 17 21 81 3 157 17 57 56 65 54 69 104 63 66 120 145 20 30 3 2 13 1 7 12 1 1 5 4 2 3 2 10 4 16 24 41 21 12 60 40 21 64 * 2 53 70 14 101 56 83 94 81 141 141 2 26 23 53 97 15 2 4 30 20 11 1 2 2 2 6 112 21 53 96 49 19 74 11 54 23 85 73 2 52 48 17 34 33 31 22 63 1 1 332 302 2,860 219 1,762 2,335 402 21 147 1,719 91 270 5 1 3 15 68 1 50 91 2 3,714 848 24 114 62 101 8 144 203 150 31 27 2 79 74 86 245 96 192 12 3 53,042 21,395 1,180 372 1,238 514 1,843 ,462 ,461 ,815 ,634 ,632 ,543 ,682 ,421 ,410 57 7 8 121 12 43 66 191 58 4 92 121 28 138 119 17 120 36 158 36 160 115 219 154 88 100 20 7 1 34 67 27 13 46 10 42 125 17 7 69 37 470 594 393 659 803 801 679 2,364 378 149 1,820 656 831 147 922 1,274 168 734 2,335 1,154 663 1,237 1,187 1,295 905 386 16 ,591 35 781 204 Treasury bonds: 2-l/2Sf 2-1/2 2-1/2 3 2-1/2 2-1/2 2-5/8 2-1/2 2-1/2 3-3/4 3 3-3/8 2-1/2 2-1/2 3-5/8 2-1/2 3-7/8 3-3/4 June Aug. Dec. Feb. June Dec. Feb. Mar. Mar. May Aug. Nov. June Sept. Nov. Dec. May 4 4 4 Aug. Feb. Oct. Aug. 3-7/8 Nov. 4 4 Feb. Aug. Nov. 3-7/8 4-1/4 3-1/4 May June 1962-67 1963 1963-68 1964 1964-69 1964-69 1965 1965-70 1966-71 1966 1966 1966 1967-72 1967-72 1967 1967-72 1968 1968 1969 1969 1971 1971 1972 1972 1974 1975-85 1978-83 Footnotes at end of Table 4, ,597 ,024 ,852 ,317 ,952 ,604 ,785 ,460 ,747 ,844 ,538 ,806 ,760 ,344 ,579 ,244 276 231 2'. 156 102 112 16 28 75 83 95 80 115 113 68 166 116 151 163 185 98 18 46 5 22 13 13 31 76 48 9 99 8 54 13 62 70 58 36 32 38 54 130 131 73 L22 83 59 151 95 98 59 18 84 75 92 64 65 75 7 32 47 74 93 178 105 115 115 7 37 (Continued on following page) 48 21 39 351 26 21 45 12 U 9 53 33 16 1 81 12 6 10 12 16 9 15 26 29 46 44 88 7 19 2 36 52 73 71 64 13 69 29 10 14 21 46 36 5 23 80 149 64 13 11 38 13 33 85 56 4 2 4 19 48 71 26 21 44 58 53 35 43 87 117 129 401 33 210 204 357 230 1L2 509 538 474 778 388 334 36 194 128 76 773 209 396 298 138 333 467 190 57 398 641 125 186 June 196 J 68 June 19 6 J 69 MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1963 Current market quctatlons shown here are over-thecounter closing bid quotations In the New York market The securities listed Include all regulau-ly quoted public marketable securities Issued by the United States Treas- for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of Nev; York. ury. Outsteindlng issues which are guaranteed by the United States Government are excluded. Table 1.- Treasury Bills Amount o ing (mil 70 June 196J 71 MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 31, 1963 lU o o 1-" o o o (D o Ireasury nulletin 72 .avera:>e yields of long-te3M bonds. Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods (Percent per annum) Treasury bonds 1/ Moody's Aaa corporate bonds Tree sury bonds 1/ Moody' s Aaa corporate bonds Treasury bonds 1/ Moody's Aaa corporate bonds June 19 6 J 73 AVERAGE YIELDS OF LONGwTERM BONDS . . , , 74 Treasury Bulletin .MONETARY STATISTICS. Table 1.- Money In Circulation (In millions of dollars except per capita figures) Paper money End of fiscal year or month Total money in circulation 1/ Total paper money Gold certificates Silver certificates Treasury notes of 1890 United States notes 2/ Federal Reserve notes 30,229 30,715 31,082 31,172 31,914 28,372 28,767 29,040 29,071 29,699 34 2,170 33 33 32 31 2,M8 2,162 2,200 2,155 317 316 25,618 26,055 26,329 26,342 27,029 32,065 32,405 33,770 29,726 29,943 31,117 30 30 29 2,127 2,094 2,009 318 318 318 1961-December. 33,918 31,336 30 2,120 1962- July August.... September. 33,869 33,932 33,893 31,197 31,245 31,192 29 20 20 34,109 34,782 35,338 2/ 31,382 32,026 32,557 1963-January. .. February. March 34,093 34,286 34,513 April 34,645 1955 1956 1957 1958 1959 1960 , 1%1 , 1962 , October, , November. December. 319 318 321 Federal Reserve Bank notes National bank notes 163 67 147 133 120 110 64 62 59 57 27,094 27,353 28,622 100 92 85 56 54 53 314 28,731 89 54 1,980 1,945 1,943 317 318 316 28,734 28,842 28,792 84 83 82 38 38 20 20 20 1,947 1,957 2,001 318 318 315 28,976 29,612 30,102 82 81 81 38 38 38 31,334 31,513 31,718 20 20 20 1,859 1,848 1,842 303 310 29,033 29,218 80 80 37 37 313 29,426 79 37 31,818 20 i/ 1,844 i/ 3U 29,523 6/ 79 37 53 . Jane 19 6 J 75 MONETARY SlATISTICS Table 2.- Monetary Stocks of Gold and Silver (Dollar amounts in millions) Gold Silver ($35 per (l.29t per fine ounce) End of fiscal year or month fine ounce) Ratio of silver to gold and silver in monetary stocks (in percent) 1955 1956 1957 1958 1959 1960 1961 1962 21,677.6 21,799.1 22,622.9 21,356.2 19,704.6 19,322.2 17,550.2 16,435.2 3,922.4 3,994.5 4,116.6 4,306.0 4,414.1 4,394.5 4,346.5 4,317.4 15.3 15.5 15.4 16.8 18.3 18.5 19.9 1961-December. 16,889.0 4,303.6 20.3 1962- July August. 16,U7.4 20.8 September 16,097.6 16,067.4 4,317.2 4,316.8 4,317,2 21.1 21.2 21.2 October,. November, December. 15,977.9 15,976.9 15,973.1 4,317,2 4,317,0 4,318,2 21,2 21,3 21,3 196 3- January,, February, March,,,, 15,928.0 15,877.9 15,877.5 4,318,2 4,318,5 4,318.4 21,3 21,4 21.4 April, 15,876.9 4,317.9 21.4 ,, . . Circulation Statement of United States Money, Source: silver monetary stock see Table 4, For detail of 1/ See Table 3, footnote 3. Table 3.- Gold Assets and Liabilities of the Treasury (in millions of dollars) End of calendar year or month Treasury Bulletin 76 MONETARY STATISTICS. Table 4.- Components of Sliver Monetary Stock (In millions of dollars) Silver held In Treasury End of calendar year or month Securing silver certificates 1/ Silver bullion Silver dollars Subsidiary coin 2/ 2,194.4 2,208.9 2,212.9 2,245.0 2,251.4 2,252.1 2,237.5 2,139.1 253.5 236.3 219.0 202.7 182.3 161.2 130.1 94.0 15.7 2.3 8.2 17.9 63.0 92.3 U.9 U8.3 3.2 2.6 2,180.5 2,167.6 2,156.0 October, November. December. 2,U5.6 1955 1956 2/ Silver outside Trea sury In Treasurer's account Silver bullion V Silver dollars 1/ Subsidiary coin j/ Total silver at tl.29+ per fine ounce 3.6 3.4 127.4 88.2 24.2 29.7 235.4 252.2 269.3 285.4 305.5 326.5 357.3 392.5 1,283.2 1,338.2 1,402.6 1,446.2 1,513.4 1,576.0 1,650.5 1,756.0 3,930.1 4,064.1 4,185.4 4,362.5 4,382.7 4,375.6 4,308.6 4,318.2 113.7 110.5 107.1 5.4 6.2 7.5 30.9 30.8 31.6 373.5 376.6 380.0 1,707.3 1,720.0 1,730.7 4,317.2 4,316.8 4,317.2 2,139.1 2,139.1 103.5 100.1 94.0 4.9 3.7 32.5 34.4 3.4 29.7 383.6 387.0 392.5 1,743.5 1,749.4 1,756.0 4,317.2 4,317.0 4,318.2 1963- January. February. March. .. 2,126.2 2,il;.6 2,112.0 89.7 88.1 81.6 8.1 8.0 5.4 30.7 29.6 31.3 396.8 398.2 404.8 1,764.0 1,778.2 1,781.6 4,318.2 4,318.5 4,318.4 April.... 2,101.6 77.6 6.8 27.8 408.5 1,794.8 3,317.9 1957 1958 1959 1960 1961 1962 1962- July Au^st , , September Circulation Statement of United States Money; Office of the Treasurer of the United States. Valued at $1.29+ per fine ounce. Includes silver held by certain agencies of the Federal Government. Source: 1/ 2/ 2/ i/ Valued at $1.38+ per fine ounce. Includes bullion at cost, bullion valued at $1.29+ per fine ounce held for coinage, and bullion valued at $1.38+ per fine ounce held for recolnage of subsidiary silver coins. . . . , June i96J 77 MONETARY STATISTICS , Table 5.- Seigniorage (Cumulative from January 1, 1935 - in millions of dollars) Sources of seigniorage on silver bullion revalued End of calendar year or month 1935 1936 Seigniorage on coins (silver and minor) 2/ 18.5 Misc. silver (incl. silver bullion held June 14, 1934) Silver Purchase Act of June 19, 1934 807.0 839.6 890.3 932.0 981.6 1,038.5 1,101.7 i,l;6.9 48 48 48 48 48 48 48 48 48.7 48.7 48.7 48.7 43.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 48.7 226.2 302.7 366.7 457.7 530.7 562.7 580.4 584.3 584.3 584.3 701.6 832.1 832.1 832.2 833.6 833.7 833.7 833 833 833 833 833 833.7 833.7 833.7 833.7 833.7 833.7 1,126.9 1,130.6 1,134.1 48.7 48.7 48.7 833. 833. 833. October. November December. 1,137.7 1,141.8 1,146.9 48. 48. 48. 1963- Janxiary, February. March. . . 1,150.1 1,152.7 1,156.9 1,160.6 1,163.4 , , 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 , , , - , , , , , , , , , , 1962- July August , , , September, April, May . . ,, 46.1 63.7 69.5 91.7 122.2 182.1 245.7 299.6 362.3 429.5 491.9 520.5 559.2 578.7 596.6 642.3 694.2 742.2 792.9 Nationalized silver (Proc. of Aug. 9, 1934) Proclamation of Dec. 21, 1933 16.8 36.0 58.0 74.9 87.3 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.6 34.5 34.7 34.7 34.7 34.7 34.7 34.7 34.7 34 34 34 34 34 34 i/ Newly mined silver 2/ Acts of July 6, 1939, and July 31, 1946 Total seigniorage on silver reva lued 2/ 326.2 422.1 508. 616. 4.2 25.7 48.3 63.6 65.3 65.4 65.5 66.5 74.5 84.6 93.5 104.7 114.6 125.4 134.7 705. 759. 799. 818. 820. 820. Potential seigniorage on silver bullion at cost in Treasurer's account _2/ 274.9 397.5 541.6 758.8 950.6 1,055.8 1,089.0 1,048.2 967.3 717.3 333.2 87. 87. 87. 150.8 155.2 156.4 166.0 167.9 167.9 167.9 167.9 938. 1,069.6 1,077.6 1,087.3 1,098.1 1,109.3 1,119.2 1,130.0 1,139.3 1,148.4 1,155.4 1,159.8 1,161.0 1,170.6 1,172.5 1,172.5 1,172.5 1,172.5 34, 34. 34, 87.6 87.6 87.6 167.9 167.9 167.9 1,172.5 1,172.5 1,172.5 16.8 16.8 16.8 833.7 833.7 833.7 34. 34.7 87.6 87.6 87.6 167.9 167.9 167.9 1,172. 1,172, 1,172, 16.8 16.8 17.3 48. 48. 48. 833.7 833.7 833.7 34.7 34.7 34.7 87.6 87.6 37.6 167.9 167.9 167.9 1,172.5 1,172.5 1,172.5 17.3 17.4 17.4 48.7 48.7 833.7 833.7 34.7 34.7 87.6 87.6 167.9 167.9 1,172.5 1,172.5 17.4 17.3 Bureau of Accounts, Source: 1/ These items represent the difference between the cost value and the monetary value of silver bullion revalued and held to secure silver certificates. 2/ Total of seigniorage on coins and on newly mined silver, beginning 34.7 34 34 34 34 34 34.7 34.7 34.7 34.7 34.7 34.7 34.7 34.7 87. 87. 87.' 34. 2/ U3.8 161.2 146.8 129.9 127.2 111 81 57 34 6 U.3 50.0 72.9 114.0 98.3 70.8 12.6 17.3 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. treasury nulletin 78 . NATIONAL BANK REPORTS Table 1.- Earnings, Expenoefi, and Dividends for Calendar Years 1958 through 1962 (Dollar amounts in thousands) . , . , June 19 6 J 79 .INTERNATIONAL FINANCIAL STATISTICS. Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign Currencies by U. S. Monetary Authorities (In millions of dollars) Gold stock End of calendar year or month Total gold stock and foreign currency holdings Trea sury 1/ Total 2/ Foreign currency holdings 1953 1954 1955 1956 1957 22,091 21,793 21,753 22,058 22,857 22,030 21,713 21,690 21,949 22,781 22,091 21,793 21,753 22,058 22,857 1958 1959 1960 1961 20,582 19,507 17,804 17,063 16,156 20,534 19,456 17,767 16,889 15,978 20,582 19,507 17,804 16,947 16,057 16,678 16,562 16,531 16,147 16,098 16,067 16,182 16,139 16,081 496 423 450 16,364 16,216 16,156 15,978 15,977 15,978 16,026 16,014 16,057 338 202 99 16,102 16,023 16,078 15,928 15,878 15 ,878 15,974 15,891 15,946 128 132 132 16,046 16,010 15,877r 15,798 15,914 15,855 2/ 132 155 1962. 1962-July August, .. September, , , October, , November, December, 1%3-January , , February, Uarch April May p The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of In accordance with Fund policies, these drawing $4,125 million. rights include the right to draw virtually automatically an amount equal to the sum of the United States gold subscription to the Fund ($1,031.2 million) and the Fund's net use of dollars; on May 31, 1%3, these two amounts totaled $1,104.6 million. Under appropriate circumstances the United States could draw an additional amount equal to the United States quota. Note: 1/ 2/ 2/ P 116 99 Includes gold sold to the United States by the International Monetary Fund with the right of repurchase, the proceeds of which are Invested by the Fund in U. S. Government securities; as of May 31, l%3,thle amounted to $800 million. Includes gold in Exchange Stabilization Fund, which is not Included in Treasury gold figures shown in "Circulation Statement of United States Money." See "Monetary Statistics," Table 3. Includes holdings of Treasury and Federal Reserve System. Preliminary. r Revised. Table 2.- U.S. Treasury Nonmarke table Notes and Bonds Issued to Official Institutions of Foreign Countries Treasury Bulletin 80 . CAPITAL MOVEMENTS, Data relating to capital movemente between the United 3tatei and foreign countries have been collected since pursuant to Executive Order 656O of January I5, 1935, ISJi^, Executive Order IOO33 of February S, 1949, and Treasury regulations promulgated thereunder. Information on the principal types of data and the principal countries Is reported monthly, and Is published regularly In tYe 'Treasury Bulletin.' Reports by banks, bankers, The first three sections which follow are published They provide summaries, by periods and by coun- monthly. tries, of data on short-term banking liabilities to and claims on foreigners £ind transactions In long-term securi- ties by foreigners, and present detailed breakdowns of the latest available preliminary data. 3upplement£iry Information Is published less frequently. will be exactly comparable to those now presented. securities brokers and dealers, and Industrial and commercial concerns In the United States are made Initially to the Federal Reserve Section IV provides supplementary data In six tables which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonf Inan- tories and possessions of the United States are Included clal concerns, Is published quarterly In the February, May, August, and November lisuea of the Bulletin. Table 2, long-term foreign liabilities and claims reported by banks In the published data. and bankers, and Table Banks, which forward consolidated figures to the Treasury. Beginning April 195'*. data reported by banks In the Terri- 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, izations. and International organ"Short-term" refers to original maturities of one year or less, maturities. erage, and "long-term" refers to all other detailed discussion of the reporting covA statistical presentation, and definitions appeared In the June IV^-^-y. In that 195'*' Issue of the "Treasury Bulletin, " pages As a result of changes In presentation Introduced not all breakdowns previously published Issue, 3, estimated gold reserves and dollar holdings of foreign countries and International Institutions, are published quarterly In the March, June, September, and December Issues. Table k, foreign credit and debit balances In brokerage accounts, appears semi- annually In the March and September Issues. Table 5, short-term liabilities to foreigners In countries and areas not regularly reported separately by banking institutions, Is presented annually, appearing In the April Issue through 195S and In the March Issue thereafter. Table 6, purchases and sales of long-term securities by foreigners during the preceding calendar year, also appears annually, from 1959 through 1962 In the May Issue, and in the April Issue beginning 1963. Section I - Summary by Periods Table 1.- Net Capital Movement Between the United States and Foreign Ckjuntrles (In millions of dollars; negative figures indicate a net outflow of capital from the United States) . , , June 196 J 81 .CAPITAL MOVaiENTS, Section I - Summary by Periods Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners {Position at end of period in millions of dollars) Short-term liabilities to foreigners Short-term claims on foreigners Payable in dollars End of calendar year or month Total 1/ 6,883,1 6,480,3 7,116,4 7,718,0 7,618.0 8,644.8 9,302,2 10,546,1 11,648,4 12,918.6 13,600 Foreign official 1/ Other foreign Payable in dollars International and regional 1/ Payable in foreign currencies Loans to foreign banks Other Payable in foreign currencies 2,678.2 2,922.0 2,972.7 2,947,0 3,001,0 3,451,7 4,041.2 4,245.6 4,308.4 4,335.4 4,726.5 5,392.8 2/ 5,665.3 2/ 5,890.8 6,999.1 6,934.4 7,655.0 473,7 2,262,0 1,864.3 1,657.8 1,527.8 1,641.1 1,584.9 1,629.4 1,769.9 1,881.1 1,452.1 1,517.3 1,544.0 3,158.1 4,011.8 3,751.7 25.5 40.6 49.7 70.4 51.0 44,9 72,2 61.4 43.7 43.2 40.3 48.8 59.0 59.4 77.2 113.1 150.4 392.8 708.3 948,9 1,018,7 827,9 898.0 968.4 1,048.7 904.5 1,386.5 1,548.5 1,945.7 2,199,4 2,542.0 2,624.0 3,614.2 4,745.8 100. 319. 292, 361, 222, 151, 16,159, 19,388, 21,271, 22,450. 4,179.3 3,043.9 1,832.1 2,836.3 2,908.1 3,620.3 3,547.6 4,654.2 5,666.9 6,770.1 6,952.8 8,045.4 2/ 7,916.6 2/ 8,664,9 9,154,3 10,212.3 10,893.2 439.4 497.6 524.3 699.4 506.3 699.4 847.5 646.5 969.0 1,056.5 1,390.8 1,666,5 1,904.9 1,909.2 2,610,3 3,460.8 22,532.6 10,893.3 7,737.3 3,751.7 150.4 4,803,8 709.2 3,508,3 586.3 1962 25,002.1r 11,910.3 7,801.0 5,U7.5 U3,4 5,100.5r 952.6 3,603,8r 544,0 1962-July August , . . September 23,622.8 24,158.1 24,524,0 10,639.8 10,881,3 11,431.7 7,967.8 8,015.8 7,895.8 4,835.5 5,014.8 4,942.7 179.7 246. 253. 4,877.3r 4,833,4r 4,810.9r 827.7 818.3 801.6 3,559.6r 3, 552, Or 3,516,4r 490,1 463.1 492.8 25,211.3 25,196.0 25,002. Ir 11,805.8 11,898,2 11,910, 3r 8,118.1 7,990,2 7,801,0 5,005 3 5,095 5 282. 212. 5,M7 5 M3. 4,955. 4r 4,865. 7r 5,100.5r 815.7 823,6 952,6 3,511,4r 3,470,2r 3,603.8r 628.3 571.8 544.0 24,938.8 24,980.1 25,130.3 11,515,7 11,441.3 11,716.1 8,159,2 8,336.8 8,288.5 5,099.8 5,051.9 4,982.4 164. 150. 143. 4,885. 5,003. 5,050. .9 844. 853. .4 853. .4 3,531,Lr 3,616,4 3,634,7 509. 7r 25,313,0 11,880.1 8,300.4 5,016.6 115.9 i/ 5,234.3 825,2 3,830,2 579,0 ig-iS 19-V6 19i'7 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 U,939 15,158 , , 1%1 , 1961 2/ - October. November, December, 1963- January, February. March p, April p.. 1/ 2/ Data exclude nonnegotlable, nonlnterest-bearing special U, S. notes held by the Inter-American Development Bank and the International Development Association. Beginning May 1960, data for Latin American regional organizations and beginning July 1962, data for European regional organizations (except the Bank for International Settlements and the European Fund) are reclassified from "Foreign official" to "International and regional" in this summary table. Beginning in August 1956 and again in April 1957, certain accounts previously classified as "Other foreign" are included in "Foreign official." 2^ V P r 177,, 122. 156, 206. 328. 405. 385. 245.0 290.5 490,6 557,1 494,3 47.5 98.1 165.4 100.4 110,8 240,6 91.8 78.4 101.6 211.0 163.9 149.6 U7.3 197.7 217.2 479,6 585.6 533,2 562,1 Differs from 1961 end-year data on the preceding line by inclusion of liabilities and claims reported by banks initially included as of June 30, 1962, and starting with the March 1963 Bulletin, included beginning December 31, 1961. Includes $25.5 million representing reported liabilities to foreign official institutions. Preliminary. Revised. Treasury Bulletin 82 . CAPITAL MOVMENTS. Section I - Summary by Periods 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) Ca lendar year or month Corporate and other Government bonds and notes 1/ U, Purchases S. Sales Bonds Net purchases Purchases 414.5 344.8 282.4 430.0 1,236.4 673.6 533.7 646.0 800.9 1,341.1 883.4 666.1 1,223.9 1,216.9 1,729.6 1,743.7 1,779.9 684.2 283.3 330.3 333.6 294.3 1,356.6 231.4 728.0 792.7 812.1 1,018.3 718.3 1,187.6 528.0 1,603.0 1,231.5 2,507.9 -269.7 61.5 -47.9 96.4 942.1 -683.0 302.3 -82.0 8.2 529.0 -135.0 -52.1 36.3 688.9 126.6 512.2 -728.0 289.7 324.7 287.1 Sept., 145.6 135.1 326.6 119.3 346.5 334.1 26.3 -211.4 -7.5 Oct.., Nov.. Dec... 76.6 251.1 167.4 110.3 318.5 105.1 196 3- Jan... Feb.., 217.6 123.3 475.3 58.4 90.1 176.4 .1946 , 19<i7 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 , 1961 1962 1962- July. Aug.., Mar Apr p, p. 436.8 46.2 Sales 2/ 2/ Total purchases 2/ Net purchases 2/ 2/ 2/ -.6 -21.6 11.7 15.3 6.1 28.7 35.3 Purchases 367.6 226.1 369.7 354.1 666.9 739.8 650.2 589.1 1,115.1 1,561.2 1,619.5 1,306.4 1,397.3 2,224.4 1,976.5 3,067.3 2,260.2r Net Sales 432.1 376.7 514.1 375.3 664.0 619.5 649.2 533.9 980.2 1,433.7 1,363.5 1,163.8 1,453.6 1,861.5 1,774.8 2,744.6 Total sales purchases 2,U9.Lr -64.5 -150.6 -144.3 -21.2 2.9 120.3 1.0 55.2 135.0 127.5 256.0 142.6 -56.3 362.9 201.7 322.7 lll.lr 782.1 570.9 652.2 784.1 2,011.1 1,533.3 1,384.0 1,447.9 2,205.7 3,227.0 2,790.0 2,282.8 2,982.5 3,810.1 4,148.5 5,127.8 4,347.8r -18.4 3.8 -8.6 313.8 294.5 451.6 319.3 502.6 474.1 270.7 2/ 108.3 141.6 188.5 197.4 283.6 296.0 251.8 258.9 344.0 296.2 392.3 416.1 359. Or 51.3 17.3 72.6 50.1 -99.2 -51. 3r 17.7 19.5 18.1 31.1 19.9 24.5 -13.4 -.4 -6.4 150.5 139.9 106.9 168.9 136.2 115.5 -33.7 -67.5 62.3 25.7 22.4 24.8 27.3 30.8 37. Or -1.6 -8.4 -12. 2r 129.2 187 .'9 170.4r 133.1 167.1 174. 5r -3.9 20.8 -4.1r 231.5 461.4 362. 6r 127.5 -53.1 38.5 12.2 36.5 20.5 15.3 27.7 18.1 15.1 8.8 2.5 174.6 172.2 161.3 3.4 -9.5 432.2 306.6 .2 178.0 162.8 161.5 .2 17.7 16.7 1.0 255.5 218.6 36.9 1,116.3 659.9 844.4 708 1,066 2,117 1,069 1,459 2,056 2,541.8 2,633.6 2,141.0 2,985.2 2,685.7 3,770.1 4,392.2 5,016. Or 107.7 120.0 200.1 212. 310.2 361.4 368.8 442.4 316.9 307.7 Excludes transactions in noninarketable U. S. Treasury notes, foreign series, and U. S. Treasury bonds, foreign currency series. See "International Financial Statistics," Table 2. Note: 1/ 2/ 516.4 316. 6r Net purchases of domestic securities -334.2 -89.1 -192.2 75.2 944.4 -584.3 314.9 -11.5 U9.3 685.2 156.4 HI. -2.7 1,124.4 378.4 735.7 -668. 2r -5.5 -208.1 -22.5 -39.2 -55.1 46. Or 139.7 -60.1 652.1 292.5 366.7 613.2 331.6 281.5 50.2 38.9 Through 1949 includes transactions in corporate bonds. Through 1949 included with transactions in U. S. Government bonds and notes. Preliminary. r Revised. p 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 755.9 658.7 211 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 Purchases 490.4 634.3 291.4 311.5 710.2 801.0 677.4 621.5 841.3 509.4 991.5 1,392.0 1,915.1 1,457.6 1,445.0 1,262.4 2,037.3r 321 589 500 495 542 792 693 606 699.0 889.0 945.6 882.9 801.9 1,093.3 Foreign stocks Net purchases 265.5 24.5 -79.8 9.8 -121.0 -300.6 -182.1 -79.0 -48.8 183.9 -385.0 -693.1 -1,026.1 -512.0 -562.1 -460.4 -944. Or Purchases Sales 66.1 119.0 Preliminary. 460. Or -151. Ir 248.7 277.4r -108.9 -1.1 -8.9 -11.9 IM.O 111.7 144.6 372.8 273.3 242.8 -258.8 -161.6 -98.2 -7.2 185.0 252.2 -67.2 21.8 -60.1 . 309.0 139.8 120.9 17. Ir 47.5 60.9 179.0 . -30.8 -52.4 41. Ir 58.0 50.2 60.2 April p. -14. 7r 129.1 139.8 58.2 69.4 61.3 -257.7 -152.7 -86.3 265.1 39.0 -94.8 27.8 126. 9r -168.2 -130.7 -157.0r 313.7 214.2 170.6 securities 112.2 98.3 87.5 419.0 201.1 216. 6r 1963-January. ., February. of foreign 9.ir -16.0 4.4 38. 3r 64.3 39.5 250.8 70.5 59.6 Net purchases -126.1 -29.1 -336.4 -237.7 -82.6 -370.0 -103. 9r 47.9 48.3 43.9 October... November. December. Total sales 556.1 676.8 388.2 382.3 908.4 1,149.7 1,007.0 924.9 1,486.1 1,387.3 1,866.8 2,014.0 2,718.8 2,261.5 2,036.7 2,228.0 2,843.2r -24.4 -14.7 -56.8 88.6 64.8 100.4 Total purchases 821.2 715.9 293.3 410.1 763.0 772.7 789.1 852.7 1,185.8 1,356.9 1,355.7 1,291.8 1,356.2 1,511.7 1,392.0 1,397.6 1,795.3 81.7 88.3 173.8 272.3 293.9 310.1 393.3 663.6 749.2 592.8 467.2 566.1 509.1 595.7 702.0 64.3 50.1 43.5 March p. -.4 14.6 -15.0 18.0 -24.4 -76.4 -35.8 6.8 -251.6 65.6 42.6 96.7 70.8 198.2 348.7 329.6 303.4 64A.9 877.9 875.2 621.9 803.7 803.8 591.7 965.6 805. 9r 65.2 57.1 1962- July August . . . September. 56.0 61.5 84.3 Net purchases 73.2 -2U.3 .5 -U5.4 -377.0 -217.9 -72.2 -300.4 -30.4 -511.1 -722.1 -1,362.5 -749.7 -644.7 -830.4 -l,047.9r -156. 5r . June 196 J 83 CAPITAL MOVMEIJTS , Section II - Summary by Countries Table 1.- Short-Term Banking Liabilities to Foreigners (Position at end of period 3-. •'•; ilions of dollars) Calendar year 1962 1963 Country 1959 1960 Europe: Austria Belgium Czechoslovakia Denmark Finland France Germany, Federal Republic of Greece Italy Netherlands Norvay Poland Portugal Rumania Spain Sweden Switzerland Turkey U.S.S.R United Kingdom Yugoslavia Regional organizations l/. Other Europe 1/ Total Europe 331. -1 138.1 .7 136.5 70.9 655.3 1,987.3 186.3 1,370.3 485.2 95.5 4.0 137.5 .9 86.1 212.5 969.3 30. 2. 989. 6. 575.7 8,472.6 2,198.0 Latin America: Argentina Bolivia Brazil Chile Colombia Cuba Dominican Republic Guatemala Mexico Netherlands Antilles and Surinam Panama, Republic of Peru El Salvador Uruguay Venezuela Regional organizations 1/ 2/ Other Latin America 1/ Total Latin America j/ Asia: China Mainland Hong Kong India Indonesia Iran Israel Japan Korea , Republic of Philippines Taiwan Thailand, Other Asia 336.8 24.4 150.7 184.5 216.8 163.8 36.9 37.1 442.4 87.8 129.2 82.2 28.0 61.5 276.9 U8.3 2,407.5 1961 1962 October November December January February March p April p Treasury Bulletin 84 .CAPITAL MOVEMENTS. Table 2.- Section II - Summary by Countries Short-Term Banking Claims on Foreigners . June 19 6 J 85 CAPITAL MOVBffiNTS Section II - Summary by Countries Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners (In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States) Country Treasury Bulletin 86 CAPITAL MOVEMENTS . Section II - Sunmiary by Countries Table 4,- Net Transactions In Long-Term Foreign Securities by Foreigners (in thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States) June 196 J 87 «_ CAPITAL MDVQiENTS. Section III - Preliminary Detallp by Countries Table 1.- Short-Term Banking Liabilities To Forelgnere &b of April 30, 1963 (Position In thousands of dollars) Short-term liabilities payable in dollars Country Europe: Austria Belgium Czechoslovakia Denmark Finland France Germany, Federal Republic of Greece Italy Netherlands Norway , Poland Portugal Rumania Spa in Sweden Switzerland Turkey U.S.S.R United Kingdom Yugoslavia Regional organizations l/... Other Europe Total shortterm liabilities To foreign banks and official Institutions U. Total Deposits 276,440 208,304 1,154 69,092 69,615 1,432,989 2,455,890 170,813 1,120,569 284,580 131,17^ 9,860 158,603 1,444 169,268 480,311 751,406 20,691 2,548 2,064,612 10,981 18,308 206,310 61,937 68,059 1,382,213 2,413,152 153,385 1,094,404 263,498 102,160 9,544 109,757 830 137,352 468,971 602,614 18,976 2,282 1,523,401 10,385 18,308 195,010 221,865 119,087 623 46,105 45,027 221,369 315,907 78,956 257,896 98,140 60,150 8,423 101,972 617 119,455 112,931 254,023 18,760 2,136 1,081,038 8,551 15,441 49,528 10,114,967 9,088,570 3,226,488 274,116 177,486 730 Short-term liabilities payable To all other foreigners S. U. S. Treasury bills and certificates 47,000 50,394 14,700 16,900 1,072,136 1,786,409 33,000 694,675 154,940 23,611 16,000 344,500 130,238 386,688 Other Total 5,251 8,005 107 1,132 6,132 88,708 310,836 41,429 141,833 10,418 18,399 1,121 7,785 213 1,897 11,540 218,353 216 146 55,675 1,834 2,308 29,957 424 7,117 1,556 48,602 40,353 17,411 26,030 18,433 28,878 316 48,845 614 31,884 11,271 117,374 1,715 266 487,032 596 Deposits 2,302 24,386 360 6,505 1,556 41,494 35,608 17,411 23,408 13,175 27,916 293 48,415 614 30,134 10,139 79,488 1,695 266 143,222 596 in Trea sury bills and certificates foreign currencies 423 6 5,038 64 189 3,240 1,615 3,868 3,130 533 2,244 1,281 766 23 124 378 3,977 196 306 127 1,110 16,058 1,623 22 21,828 20 42,337 301,473 76,410 2,867 69,072 10,080 9,225 120 735 3,238,000 4,847,601 1,002,969 931,062 518,208 70,001 342,853 2,968,995 1,590,190 1,361,575 17,230 247,616 165,531 63,353 18,732 307,710 21,208 198,280 117,193 162,648 14,618 47,368 74,757 639,251 180,483 3,591 116,368 36,521 71,572 1,440 28,332 59,470 412,808 136,906 3,556 106,649 34,979 68,923 1,440 24,403 19,925 211,914 42,355 1,227 126,405 17,612 81,847 80,665 91,076 13,178 19,036 15,287 226,153 123,182 17,502 81,021 79,949 88,503 13,083 18,831 126 101 107 135 112 95 71 3,097 94,203 103,286 109,715 48,589 90,866 505,312 150,797 339,901 42,752 15,091 36,706 32,976 31,416 228,933 150,797 200,152 24,390 13,889 36,468 10,789 27,084 228,615 20,697 150,623 13,517 3,025,702 1,649,413 Philippines Ta iwan Thailand Other Asia 35,039 65,933 39,512 32,601 49,445 95,277 2,245,881 108,421 176,320 92,280 367,837 313,399 29,718 31,078 32,411 29,478 40,855 89,455 2,222,307 107,374 150,423 85,006 364,824 275,026 Total Asia 3,621,945 U9,374 Total Europe Canada Latin America : Argentina Bolivia Brazil Chile Colombia Cuba Dominican Republic Guatemala Mexico Netherlands Antilles and Surinam Panama , Republic of Peru El Salvador Uruguay Venezuela Regional organizations Other Latin America Total Latin America Asia 35 100 9,644 1,542 2,549 28,300 108,800 3,929 11,245 92,094 75 U,932 219,652 1,411 32,025 72,050 71,127 2,426 989 41 9 719 581 2,461 134 305 5,090 51,420 87,825 72,833 15,613 59,402 276,378 54,535 274,899 1,340 lU 16,969 14,786 1,665 1,010 3,527 1,365 1,600 10,725 4,845 1,202 238 5,787 4,332 318 128,500 38,804 135,901 121,676 5,010 9,215 1,121,250 221,872 306,291 1,370,631 1,297,620 12,078 60,933 29,633 26,617 22,703 17,378 13,850 56,302 85 5,321 34,793 6,850 3,123 8,580 5,822 23,497 1,047 25,892 7,274 3,013 37,663 5,321 33,548 6,825 3,123 8,580 5,659 23,436 1,047 25,505 7,259 3,013 37,489 209 1,036 25 20 15 143 46 201 186 16,400 U,603 : China Mainland Hong Kong India Indonesia Iran Israel.. Japan Korea, Republic of 4,461 4,608 1,3M,494 5,100 12,100 27,000 8,886 721,650 104,695 140,228 70,512 167,746 200,732 825 10 191,329 33,349 24,267 186,163 2,679 9,370 14,484 5,749 40,945 3,457,955 2,164,890 1,000,334 292,731 162,875 160,805 460 31,691 40,193 18,784 236,374 144,086 30,201 36,329 17,859 198,027 52,398 24,123 33,160 14,661 155,024 80,850 3,100 3,000 1,220 26,640 10,838 2,978 169 1,978 16,363 4,265 1,490 2,251 763 37,210 4,190 1,390 2,249 100 35,897 476,416 426,502 279,366 114,810 32,326 45,979 44,489 7,009 453 353 1,658,556 2,758,616 2,187,006 5 15 174 1,610 Other countries: Australia..... Congo, Republic of the South Africa United Arab Republic (Egypt) All other Total other countries International Grand total 1/ 4,847,491 4,847,038 530,390 4,309,639 25,313,009 22,438,473 8,924,086 11,855,831 Excludes the Bank for International Settlements and the European Fund, which remain classified with "Other Europe." 75 2 763 1,313 175 146,067 1 Treasury Bulletin 88 .CAPITAL MOVEMENTS Section III - Preliminary Details by Countries Table 2.- Short-Term Banking Claims on Foreigners as of April 30, 1963 1/ (Position in thousands of aollars) Short-term claims payable in dollars Loans to: Total shortterm claims Country Foreign banks and official institutions Collections outstanding for own account and domestic customers Other Short-term claims payable in foreign currencies Deposits of reporting banks and domestic customers with foreigners Other Total Europe: Austria Belgium Czechoslovakia Denmark Finland France Germany, Federal Republic of Greece Italy Netherlands Norway Poland Portuga 1 Rumania Spain Sweden Switzerland 7,958 27,901 7,707 21,351 726 726 14,161 41,350 56,018 126,549 9,148 66,721 23,475 32,256 7,126 13,086 14,887 41,441 67,333 145,150 9,190 69,140 32,695 33,167 7,126 13,223 6 6 31,395 3,369 3,350 694 2,769 307 4,880 38,524 2,218 19,165 5,072 4,962 708 1,270 2,031 12,329 431 369 13,036 30,434 861 5,742 422 1,205 4,340 1,754 16,280 26,811 6,038 17,608 15,784 2,008 148 2,211 5,676 251 6,550 250 6,532 6,621 38,920 21,822 30,780 726 91 11,315 18,601 42 2,419 9,220 911 91 9,548 13,954 38 2,334 9,199 911 137 137 13,171 10,393 9,389 337 4,603 18,265 330 4,601 14,159 5 5 123,405 18 493 112,727 32 3 4,458 1,599 4,402 307 9,455 116 17,242 309 6 3,093 31 24,206 2,197 24,081 6,975 6,110 726 32,282 22,513 65,791 39,644 46 193,116 11,793 20,611 17,910 47,526 39,639 46 64,711 11,775 20,118 20,516 8,936 1,473 53 395 11,193 3,014 18,699 2,391 4,433 855,739 652,800 177,164 101,411 148,005 226,220 202,939 176,517 484,908 282,570 10,254 147,014 6,437 113,365 202,333 55,511 170,494 4,538 196,107 152,541 138,685 16,576 27,663 17,841 412,960 10,282 34,149 92,398 9,787 120,619 100,076 95,741 132,198 4,538 140,102 147,939 138,503 16,543 27,663 17,816 403,946 10,281 17,682 631 38,170 25,546 43,497 38,296 38,236 5 56,005 4,602 132 33 55,772 4,385 22 19 9,734 4,678 125,064 25 9,014 1,172 92,355 9,731 120,616 98,378 95,522 45,470 3,098 25,978 26,542 23,410 15,722 13,786 7,349 35,171 3,565 7,041 30,432 5,631 6,530 50,169 33,560 33,113 633 15,833 72,188 44,041 4,687 147,118 43 6,116 7,934 96 13,605 16,415 14,236 30,933 176 60,121 23,663 27,555 816 200 1,102 96,593 6,667 13,404 14,710 1,417 3,459 13,101 21,845 1,600,457 1,490,328 339,769 315,762 333,454 1,717 13,653 21,339 277 18,525 2,531 5,631 3,174 33, U3 1,819,88;- Tha Hand Other Asia 1,722 13,685 21,771 278 18,525 33,148 1,867,036 14,157 72,832 14,921 39,842 54,013 14,157 72,700 14,921 39,842 53,449 45,239 2,503 7,897 18,226 Total Asia 2,151,930 2,103,606 44,427 1,983 12,917 17,494 64,449 30,679 1,983 12,597 17,101 63,652 141,270 5,234,304 , Turkey U.S.S.R United Kingdom Yugoslavia Other Europe Total Europe Canada , 735 13,702 36,322 33 3,253 6,666 7,193 3,008 13 17,243 18 407 Latin America: Argent Ina Bolivia Brazil Chile Colombia Cuba Dominican Republic Guatemala , , , , Mexico Netherlands Antilles and Surinam, Panama, Republic of Peru El Salvador Uruguay , , , Venezuela Other Latin America,,, Total Latin America , , , 34, U7 3,943 6 1 2 7,586 39,279 2,637 97,022 18,693 25,831 3 3 1,693 219 1,221 84 501,343 110,129 100,933 1,303 7,921 432 19 43 6 Asia: China Mainland Hong Kong India Indonesia Iran Israel Japan Korea , Republic of Philippines Taiwan , , , 8 1,709 4,138 4,710 63 3,226 534 5 2U 20 4,188 64,901 5 32 17 408 1 8,490 449 797 5,200 13,903 3,838 186,065 12,400 5,776 2,797 7,290 24,704 1,376 21,003 1,144,047 1,746 13,195 9,172 23,853 5,319 564 468 516,706 87,160 270,300 1,228,940 48,324 46,492 1,788 121 4,001 13,748 3,003 1,423 4,400 10,947 1 28,815 12,392 1,861 9,777 1,237 17,840 12,498 311 1,036 11,463 6,050 320 393 797 221 190 259 126,012 17,567 34,241 43,107 31,097 15,253 4,655,316 1,061,460 685,533 801,803 2,106,465 578,938 4,1U 424,870 11 5 5 47,153 45,460 132 129 Other countries: Australia Congo, Republic of the South Africa United Arab Republic (Egypt),.,. All other Total other coxmtrles 1 International Grand total 3 , June 19 6 J 89 CAPITAL MOVEMENTS Section III - Preliminary Details by Countries Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During April (In thousands of dollars) 1963 90 Treasury Bulletin CAPITAL MOVEMENTS Section IV Table 2.- Long-Termi/Llabil It Supplementary Data by Countries les to and Claims on Foreigners Reported by Banks and Bankers - (Position at end of period in thousands of dollars) Liabilities to foreigners Country 1962 March June Claims on foreigners 1963 September December March p 1962 March September June December Europe: Austria Belgium Denmark Finland France Germany, Federal Republic of Greece Italy Netherlands Norway Poland Portugal Spain Sweden Switzerland Turkey United Kingdom Yugoslavia Other Europe 43,664 38,711 7,492 3,870 14,456 9,189 7,333 3,733 24,229 57,136 7,763 10,045 9,019 20,635 65,421 11,766 10,024 12,931 24,496 73,536 6,841 28,007 45,881 172,241 70,168 6,691 30,247 43,194 179,070 72,162 9,972 28,563 8,135 189,275 80,285 13,449 31,638 1,061 201,877 4,004 3,717 846 47,919 9,737 23,616 7,203 45,722 10,303 1,000 24,139 8,699 43,291 15,777 26,599 10,241 39,094 17,563 57 300 12, Kl 2,098 3,326 57 12,225 1,774 1,593 57 25,925 1,720 776 25,186 1,119 4,788 514,540 530,922 534,089 577,595 289,899 290,859 295,563 303,623 69,244 69,212 50 265,472 25,089 69,295 253,129 18,507 64,313 884 216 9,070 208,690 216 9,070 194,903 , , 4,000 , 18 18 , , , 54,575 , , , 35 , , 877 412 1,012 4,004 200 , Total Europe 1,077 430 5,030 4,039 4,304 Canada 57 Latin America: Argentina Bolivia Brazil Chile Colombia Cuba 73,410 36 17 264,725 20,567 61,787 885 885 192 11,826 164,467 , 17 17 , Dominican Republic Guatema la Mexico Netherlands Antilles and Surinam Panama , Republic of Peru El Salvador Uruguay Venezuela Other Latin America 36 272,997 25,214 37,823 381 322 265 165 8,556 185,588 61,974 78 884 17,696 7,900 7,631 7,524 21,638 11,304 17,861 13,229 344 951 225,638 83,805 20,560 13,573 633 224,703 73,237 21,463 13,322 433 1,504 166,937 71,694 355 372 47 47 56 55 1,052 483 250,888 82,465 385 285 1,309 971,487 961,116 988,687 885,951 2,403 17,600 51,450 12,054 21,740 2,657 19,240 54,900 11,193 26,521 2,710 18,987 2,992 15,030 11,463 28,161 8,986 27,683 30,550 48,810 53,812 74,343 5 3 3 62,343 730 61,208 992 61,505 884 70,400 630 3,354 2,383 3,544 9,928 3,200 9,887 3,616 18,403 204,607 238,998 190,612 222,086 10 37,501 38,878 48,059 2,520 45,629 45,691 38,753 28,887 2,370 51,902 46,162 40,003 29,152 1,595 58,314 43,760 35,003 23,874 1,595 57,544 10 172,587 167,603 175,226 161,776 2,184,177 2,151,031 46 75 518 , Total Latin America 63 80 483 Asia: Hong Kong India Indonesia Iran Israel 62 , Japan Korea Philippines Taiwan Thailand Other Asia Total Asia 62 Other countries: Australia Congo, Republic of the South Africa United Arab Republic (Egypt), All other , Total other countries Grand total l/ p 1,664 921 5,423 Having a maturity of more than one year from date of Issuance; excluding long-term securities, Preliminary. 4,333 5,623 2,153,120 2,189,498 ^ UU'll^ June 196 J ^ \J I. Ireasury bulletin 92 . COEPORATIONS AND CERTAIN OTHER BUSHJESS-TTFE ACTIVITIES. The current financial statements of corporations and statements of financial condition are published qujirterly certain other business-type activities of the United States and appear as Section Government which appear In the "Treasury Bulletin" beginning cata under the new regulations are for March 3I. 195^. and were presented In the August 195^ Bulletin. Statements of with the August 195^ issue are compiled from reports subcltted to the Treasury under Department Circular No. 966, issued January 3O1 1956> and Supplement No. 1, issued June The regulations so Issued are pursuant to Section 1, 1956. llU of the Budget and Accounting Procedures Act of 1550 I in the series o" tables. The first Income and expense and source and application of funds are published semlannuEilly, for June 30 and December Jl reporting dates, and appear as Sections II and III. The first of these statements under the new regulations cover the fiscal and represent another step in the program year 195^, and was publlphed in the January 1957 Bulletin. of comprehensive and Integrated Grovernraent accounting and Within the sections, the agencies are grouped in separate financial reporting for which authority was provided in tables by type, as follows: public enterprise revolving funds, intragovemmental revolving funds, certain other (31 U.3.C. 66b), that act. They supersede Budget-Treasury Regulation No. 3i Issued under Executive Order No. S512 of August I3, 19'^0, activities, deposit funds, and trust revolving funds. as amended by Executive Order No. ^OSk of March 3, 15^2, Supplement No. 1 added to the coverage by including under which financial statements previously published in all executive agencies and activities not reporting under the Bulletin were submitted. Department Circular No. 966, but required only a statement of financial condition annually as of June 30« These are Department Circular No. 966 requires of financial statements by all wholly owned and In coverage, subfflieslon mixed-ownership Government corporations specifically included in the Government Corporation Control Act, as amended (31 U.3.C. S^lS, 256); and all other activities of the Gov- ernment operating as revolving funds for which business- mainly not business-type activities, and those which had not yet developed formal accounting procedures to provide complete balance sheet types of statements were authorized temporarily to report only the asset side. Thus the sup- plement rounds out provision for the Information on prop- type public enterprise or intragovemmental fund budgets erties and assets of the United States Government which the Other activities Treasury has been asked to furnish to the Committee on Government Operations, House of Representatives, for a are required by the Bureau of the Budget. and agencies whose operations, services, or functions are largely self-liquidating or primarily of a revenue-producing nature, and activities and agencies whose operations continuing study of the assets of the Government. result in the accumulation of substantial Inventories, 30. in- vestments and other recoverable assets, may be brought under the regulations as agenoy accounting systems are developed to the point where they are capable of furnishing the financial reports required. cial condition, of funds, They are statements of finan- incoine and expense, source and application and certain commitments and contingencies. The 1 The first Is for June 1957. and the data were published in the December 1957 issue of the Bulletin as Part B of Table U in Section I. A summary of loans outstanding for a series of dates is Included In Section I of the Bulletin presentation be- ginning with the June I95S Issue. Four kinds of financial statements are called for by Department Circular No. 966. comprehensive reporting under Supplement No. the loans are shown, Two classifications of one by type and one by agency. Data prior to 1956 are based on the earlier reporting requirements, which provided for complete coverage of Government lending agencies. . June 1961 93 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 1.- Summary by Specified Classes of Activities, March 31, 1963 (in thousands of dollars) Total ASSETS Cash in banks, on hand, and in transit... Fund balances with the U. S. Treasury l/. Investments: Public debt securities (par value) Securities of Government enterprises... Unamortized premium, or discount (-).,. Other securities. ...................... Advances to contractors and agents: Government agencies.. .................. Other Accounts and notes receivable: Government agencies. ...••..••.•.••...•• Other (net ) Inventories Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencies*. .................. Other: 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 ).. *.*•..*.*....* ....... Total assets* *..*••*•.*.*••••.«••.******. LIABILITIES Accounts payable: Government agencies. ••***..•••*......** Other Accrued liabilities: * Government agencies... Other Advances from: Government agencies* ................... Other Trust and deposit liabilities: Government agencies. .....*............. Other Bonds, debentures, and notes payable: Government agencies. .*..*.............. .*,.. Other: Guaranteed by the U. S Not guaranteed by the U. S...... Other liabilities (including reserves)... Total liabilities WET INVESTMENT United States interest: Interest-bearing investment: ...•.........••*•*. Capital stock Borrowings from the U. S. Treasury... Other Noninterest-bearing Investment: Capital stock Appropriations* ......**..*........•*• Capitalization of assets (net)*.**-.. Other Accumulated net income, or deficit (-), Deposits of general and special fund **.***.,**..*...... revenues (-)* Total United States interest Total liabi lities and investment U5,994 13,109,479 1,481,317 HO, 703 -10,159 5,639,653 S. investment incl. interagency items. Interagency items: Due from Government agencies (-) .*.** Due to Government agencies U. S. investment excl. interagency items. U. Footnotes at end of Table 8. Intragovemmental revolving funds (See Table 3) 641 143,997 6,170,764 1,476,180 140,703 -10,159 238,639 1,189,593 Certain other activities (See Table i) 1,356 5,749,122 5,137 5,401,015 U,456 201 45,724 5,188 265 28,089 13,990 12,447 1,614,029 2,510,301 20,872,350 -1,132,545 740,558 295,565 6,311,073 -1,132,407 844,398 87,472 7,382,605 -137 29,073 2,127,264 7,178,672 13,452 455,641 551,407 142,842 20 454,510 408,565 878,074 12,961,905 -2,563,940 943,590 2,927,441 33,500 16,615,680 888,788 -359,812 877,968 5,059,465 -1,563,469 2,949 1,438,995 3,210 9,466,361 2,599,458 -11,837 106 7,356,597 -755,722 940,641 1,369,875 89,834,220 37,531,769 461,546 826,836 73,038 429,217 365,791 346,182 22,717 51,436 483,638 456,076 437,093 121,214 603 131,659 45,941 203,202 105,879 13,974 713 1,068 85,094 12,905 20,072 640,930 176,979 603,566 144,902 2,988 210 34,377 161,115 367,510 145,015 ,936,180 161,115 367,510 145,015 2,525,066 284,164 126,950 6,775,678 5,009,516 1,229,598 536,564 100,000 28,783,447 1,141,512 100,000 23,843,679 1,141,512 1,048,500 38,151,509 7,445,935 19,427,910 -10,513,102 1,048,500 12,244,156 1 ,789,720 463,241 -7,994,484 36,710 26,082,041 3,488,246 -371 ,649 13,432 1,131 545,843 -244,749 118,571 2,/ 9,952,591 42,349,860 2/ 31 ,868 4,939,768 56 25,242,650 5,368,134 11,274,616 -2,598,774 664,704 288,081 7,690,053 80 , 1 -2,413,099 -2 527,170 -114,070 83,058,542 32,522,253 8,722,994 41,813,296 89,834,220 37,531,769" 9,952,591 42,349,860 93,571,645 -10,513,102 40,516,737 -7,994,484 8,642,838 80,156 U, 412,070 83,058,542 32,522,253 8,722,994 41,813,296 -2,261,540 1,853,109 -916,093 1,275,525 -844,664 454,476 -500,783 123,107 82,650,111 32,881,685 8,332,836 41,435,620 , ANALYSIS OF UNITED STATES INVEgTMENfr United States investment.***.........*... Accumulated net income, or deficit (-)..* Public enterprise revolving funds (See Table 2) -2,598,774 Treasury Bulletin 94 CORPORATIONS AND CERTAIN OTHER BUSINESS-TICPE ACTIVITIES. Section I - Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, March 31, 1963 (In thousands of dollars) I Jane 196 J 95 CORPORATIONS AND CERTAIN OTHER BUSINESS-TTfPE ACTIVITIES. Section I - Statements of Financial Cond itlon Table 2.- Public Enterprise Revolving Funds, March 31, 1063 - (Continued (In thousands of dollars) Commerce Department Agriculture Department - (Continued) Fanners' Home Administration Account Emergency credit revolving fund Direct loan account 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 Government enterprises... Unamortized 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 securities of Government enterprises Other Loans receivable: •........•..•. Government agencies Other: U. S. dollar loans currency loans.. .....•• Foreign Allowance for losses (-) Acquired security or collateral (net)... Land, structures, and equipment....... •• Accumulated depreciation (-) Foreign currencies Other assets (net ).......... ........>••• Agricultural credit insurance fund Expansion of defense production Aviation war risk insurance revolving fund Area Redevelopnent Administration Area redevelopcnent Inland Waterways Corporation (m liquidation) fund 476 2,040 234,756 47,022 3,640 1,570 20 10 165 1,108 963 24,039 2,702 365 82 131 905,686 83,698 47,342 11,667 4,375 -89,286 48i -16,510 335 300 12,224 6,547 91 538 197 27 Total assets...... ........••..••••••••••• LIABILITIES Accounts payable: Government agencies. . .................. Other Accrued liabilities: Government agencies. •.«••••••.•*••••••• Other Advances from: Government agencies. ................... Other Trust and deposit liabilities: Government agencies. .............•...*• Other Bonds, debentures, and notes payable: •• Government agencies Other: Guaranteed by the U. S Not guaranteed by the U. S Other liabilities (including reserves)... 1,077,899 117,619 53,745 Total liabilities NET INVESTMENT United States Interest: Interest-bearing investment: Capita 1 stock Borrowings from the U. S. Treasury... Other Noninterest-bearing investment: Capital stock Appropriations. . ..,...........-..•••' Capitalization of assets (net) Other '"/*V Accumulated net income, or deficit (-). Deposits of general and special fund revenues (-)..........-.....•.•.-•••• 2,558 27 212 1,034 2,537 11 203 1 141 9,517 1U 72 153 3,625 6/ 36,970 597,960 9,517 7,500 1,000 456,079 21,302 -88,392 12,150 -75,572 27 1,075,340 117,466 50,120 -9,517 27 1,077,899 117,619 53,745 ANALYSIS OF UNITED STATES INVESTMEOT United States Investment.... Accxmiulated net Income, or deficit (-).-. 1,054,038 21 ,302 205,858 -88,392 37,970 12,150 66,055 -75,572 interagency items. 1,075,340 117,466 50,120 -9,517 Interagency Items: Due from Government agencies (-)....... Due to GoveiTiment agencies............. -1,570 2,537 -10 -1 ,108 11 203 ,076,307 117,467 49,215 U. S. investment Inol. U. S. investment excl. interagency items. Footnotes at end of Table 8. 48 66,055 205,494 364 Total United States interest Total liabilities and investment 47 284 2.244 1 (Continued on following page) 11,743 12,298 197 -13,299 9,517 6,499 6,547 11,743 197 27 ,940 12,224 19,798 -13,299 ,940 6,499 1 1 1 1 212 12,152 6,499 Treasury Bulletin 96 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES, Section I * Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, March 31, 1963 (Continued) (in thousands of dollars) Conmierce Department - (Continued) Maritime Administration Federal ship mortgage insurance fund ASSETS Cash in banks, on hand, and in transit,.. Fund balances vrLth the U. S. Treasury 2/, Investments: Public debt securities (par value),,... Securities of Government enterprises,,, Ifiiamortized premium, or discount (-),., Other securities ,.. .,,..,.•, Advances to contractors and agents: Government agencies.,,.,,... , Other AccQxints and notes receivable: Government agencies,,,.,,.,..,,.,,.,.,. Other (net ) Inventories, ,,, .•,.•.,,. .,,.,.,, Allowance for losses (-). ..,,,.... Accrued interest receivable: On public debt securities ...,..,. On securities of Government enterprises Other Loans receivable: Government agencies .,.,.., Other: 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 ),.... •.,.,,.*,•., .,,••• Vessel operations revolving 16 689 887 7,738 2,719 158 3,19A 28 1,1U 3 2,726 3,500 15,739 Total assets... •,•••..,.,....,•«.•• •••.,. LIABILITIES Accounts payable: Government agencies,.....,,. ..,.,. Other .,, Accrued liabilities: Government agencies...,. •,.,•.,., •,•••• Other Advances from: Government agencies.,.,.., ••.••,. ••,««, Other Trust and deposit liabilities: Government agencies....,., •,,••«. ••*•., Other Bonds, debentures, and notes payable: Government agenc ies ,....,,.,,... • Other: Gxiaranteed by the U. S ..,, Not guaranteed by the U. S,,,.,, Other liabilities (including reserves).,. 6.795 Total liabilities 6,795 6/ Ngr INVKSTMEm' United States interest: Interest-bearing investment: Capital stock Borrowings from the U. S. Treasury.,, 6,000 Other Noninterest-bearing investment: Capital stock,.. .,,. Appropriations ,,,.., .,....,•., •••,.•• Capitalization of assets (net)....,,. Other , Accumxilated net income, or deficit (-), Deposits of general and special fund revenues (-)...,,, ...•.,•..,••.••...., Total United States interest.,..,....,. Total liabilities and investment ANALYSIS OF UNITED STATES INVESTMENT United States investment...... ,,.,. Accumulated net income, or deficit (-).., U, S, investment incl. Interagency Items, Interagency items: Due from Government agencies (-),.,...• Due to Gbvernment agencies.,,,.....,.., U, S. investment excl. interagency items. Footnotes at end of Table 8. fund 9,261 15,261 22,055 Defense Department Air Force Department War risk insurance revolving fund Army Department Navy Department Laundry Defense production guaranties service, Naval Academy Defense production guaranties , June 19 6 J 97 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, March 31, 1963 (Continued) (in thousands of dollars) Defense Dept,( Continued) Office of Civil Defense Civil defense procurement fund ASSETS Cash in banks, on hand, and in transit,,. with the U. S, Treasury 2/, Fund balances Investments: Public debt securities (par value),,.,. Securities of Government enterprises.,. Unamortized premium, or discount (-),,. Other securities.. ..................... Advances to contractors and agents: ,,..«. Government agencies. Other Accoxints and notes receivable: Government agencies. .,,.,,,, Other (net ) Inventories. , Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencies, ...,,•,,,,,....>•.. Other: 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). Total assets LIABILITIES Accounts payable: Govemment agenc ies,.,,,,,,,,,,,,,.,.,. Other Accrued liabilities: Government agencies. ....,,,,,.,,,•,,,,, Other Advances froiD: Government agencies,,. ...,,, .....,•,,,, Other Trust and deposit liabilities: ,,,,,., Government agencies, .., Other Bonds, debentures, and notes payable: Government agenc ies ,..,•,,,,••.,,•••,«• Other: Guaranteed by the U. S.. ........ Not guaranteed by the U. S Other liabilities (including reserves),,. Total liabilities HEI INVEglMElff 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 Accumxilated net Income, or deficit (-). Deposits of general and special fund revenues (-),,...,......,,,,.,,••••••• Total United States Interest Total liabilities and Investment ANALYSIS OF UNITED STATES INVESTMEm United States investment,,,,,. ,.....••.•Accumulated net income, or deficit (-),-- Operation of commissaries, narcotic hospitals Bureau of Federal Credit Unions Bureau of Indian Affairs Revolving fund for loans Liquidation of Hoonah housing project 7,375 108 Office of Territories Alaska Railroad Loans to private trading enterprises Alaska Railroad revolving fund 45 1,621 173 9,530 16 951 10 613 3,370 273 21 15,607 26 -22 164 -2,480 187 -148 133,810 -24,669 275 -142 1,699 1,533 82 20,502 2,120 135 361 125,305 55 27 164 175 415 227 33 376 60 -621. 352 33 20 1,500 1,764 781 10 2 1,339 -4,071 240 -105 28 167,285 18,930 -63,764 1,090 333 21,799 2,774 50 62 1,340 20,502 135 361 123,541 1,500 82 2,120 20,502 135 361 125,305 1,533 1,500 12 50 1 24,573 ,339 -4,071 240 -105 333 28 122,451 1,090 62 1,340 20,502 135 361 123,541 1,500 U. S. investment excl. Interagency items. 1,492 Footnotes at end of Table 8. Interior Department Social Security Administration 68 1,485 investment incl. Interagency items. Interagency items: Due from. Government agencies (-) ,,,,. Due to Government agencies.,, U, S. HEW Department Public Health Service -951 431 -8 63 1,340 (Continued on following page) 20,502 135 361 123,020 98 , June 19 6 J 99 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Statements of Financial Condition Table 2.- Public Enterprise Revolving Funds, March 31, 1063 (in thousands of dollars) Account (Continued) 100 June 1961 101 102 or ) . Jane i96J 103 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Stateaiente of Financial Condition Table 2.- Public Enterprise Revolving Funds, March 31, 1963 (Continued) (In thousands of dollars) Veterans' Administration - (Continued) Soldiers' and sailors' civil relief Account ASSETS Cash in banks, on hand, and tn transit... Fund balances with the U. S, Treasury 2/. Investments: Public debt securities (par value) Securities of Government enterprises... Unamortized premium, or discount (-)... Other securities Advances to contractors and agents: Government agencies •.. Other Accounts and notes receivable: Government agencies... ................. Other (net Inventories.. Allowance for losses (-).............-. Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: *.. Government agencies. ,...•.•...• Other: 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) Veterans' special term insurance fund 1U 101,325 2,207 30 O 1,5^6 10 105,702 Total assets.. •.••• LIABILITIES Accounts payable: Government agencies. .•••.•.•••.•••.•••« Other Accrued liabilities: Government agencies....,*.... Other Advances from: Government agencies............ -...••.• Other Trust and deposit liabilities: Government agencies. Other Bonds, debentures, and notes payable: Government agencies. Other: Guaranteed by the U. S Not guaranteed by the U, S Other liabilities (including reserves)... 977 3,115 87,092 Total liabilities NET INVESTMENT United States interest: Interest-bearing investment: ....,......••-• Capital stock Borrowings from the U. S. Treasury... • Other Noninterest-bearing investment: •< ..••....•• Capital stock Appropriations ...........-•---•-••Capitalization of assets (net) Other Accumulated net income, or deficit (-), Deposits of general and special fund revenues (-)......-••.-••••"••••••••• • 2,003 , V'V -1,889 18,610 18,610 Total United States interest Total liabilities and investment 105,702 ANALYSIS OF UNITED STATES INVEgTMENT United States investment Accumulated net income, or deficit (-)... 2,003 -1,889 investment incl. interagency items. Interagency items: Due from Government agencies (-).... Due to Government agencies U. S. investment excl. interagency ite 1U U. S. 18 Vocational rehabilitation revolving fund Export-Import Bank of Washington Regular lending activities Liquidation of certain Reconstruction Finance Corporation assets Expansion of defense production Farm Credit Administration Short-term credit investment fund Banks for cooperatives Investment fund ireasury nuUetin 104 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES, Section I - Statements of Financial Condition Table 2.- Public Enterprise Kevolving Funds, March 31, 1963 (Continued) (in thousands of dollars) Federal Home Loan Bank Board Revolving fund 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 Govemment enterprises,,. Unamortized premium, or discount (-),.. Other securities Advances to contractors and agents: Government agencies Other Accounts and notes receivable; Government agencies. •............•.•..• Other (net) Inventories.,.. .•,••.••..•.•.••••••• Allowance for losses (-).,... Accrued interest receivable: On public debt securities, ...••... On securities of Government enterprises Other Loans receivable: Government agencies. ,, Other: U. S. dollar loans......... Foreign currency loans Allowance for losses (-)........ Acquired security or collateral (net),,.. Land, structures, and equipment Accumulated depreciation (-)•.••••••... Foreign currenc ies. .,.................... Other assets (net )•...••.••••.•••••..••• Total 1,335 -2 ,977 11 3 1,659 18,593 U 5,613 38,594 513 ••••.•.••••••. ........... LIABILITIES Accovmts payable: Government agencies,,.,,.,.,.,......... Other , Accrued liabilities: Government agencies, ..,.,............,« Other Advances from: Government agencies, ,.,.... ,,, Other Trust and deposit liabilities: Government agenc ies Other Bonds, debentures, and notes payable: Government agencies. ,. Other: Guaranteed by the U. S.,,,, Not guaranteed by the U, S Other liabilities (including reserves).,. 1,621 Tota 1 liabilities 2,741 Total United States interest..,.,, Total liabilities and investment,.,, ANALYSIS OF UNITED gTATES INVESn>ffiNT United States investment.,,.,,,,. Acc'jmulated net income, or deficit (-).., investment incl. interagency items. Interagency items: Due from Government agencies (-).. Due to Government agencies... U, S, U. S, investment excl, interagency items. Footnotes at end of Table 8. 360 703 669,094 a ssets..., Ngr INVESTMENT United States interest: Interest-bearing investment: Capital stock ...,,. ,.,,,,.,• Borrowings from the U, S, Treasury,., Other Noninterest-bearing investment: Capital stock. , •,•,.,,.,.,•, ,....,.•• Appropriations .,•••••• Capitalization of assets (net),....,. Other Accumulated net income, or deficit (-). Deposits of general and special fund revenues (-) .••.••.•..,.,, Federal Savings and Loan Insurance Corporation 307 35 281 Home Owners' Loan Corporation (liquidated) Panaina Canal Company Saint Lawrence Seaway Development Corporation Small Business Administration Revolving fund Tennessee Valley Authority United States Information Agency Informational media guaranty fund . June 19 6 J 105 . COKPORATIONS AND CKPTAIH OTHER BUSINESS-rYEE ADTIVTTIES. Section I - Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, March 31, 1963 (In thousands of dollars) Legislative Branch Account Total Governnient Printing Office Agency for International Development Acquisition of property revolving fund Agriculture Department Agricultural Research Service Forest Service Working capital Working capital fund Commerce Dept. Working capital fund fund National Bureau of Standards Working capital fund ASSBIS Cash In banlEs, on hand, and In transit.... yund balances with the U. S. Treasury 1/ InTestments: Public debt securities (par value) Securities of Government enterprises.... Ubamortlzed premium, or discount (-).... Other securities (net) Advances to contractors and agents: Govermaent agencies Other Accounts and notes receivable: Govenunent agencies Other (net) Inventories Allowance for losses (-) Accrued Interest receivable: On public debt securities On securities of Government enterprises. Other Loane receivable: GovemDent agencies Other Allowance for losses ( Acquired security or collateral (net) Land, structures, and equipment AcoiDulated depreciation (-) Other assets (net) . 641 1,189,593 587 9,337 4,538 599 2,481 265 28,089 844,398 87,472 7,382,605 261 13 11 21 30,463 1,180 1,874 758 61 308 15,514 16 302 13,619 22 73 4,764 436 3,370 109 4,077 596 -347 39,795 -18,489 28 1,070 -647 16 -24,901 22,037 1,265 29,832 1,788 96,056 91 71 835 1,133 80 88 78 1,472 21 210 165 288 131 -137 ) 33,607 -13,669 356 9,952,591 Total assets 545,843 -244,749 118,571 76,207 365,791 346,182 4,050 603 131,659 123 1,832 5,739 76,636 UABILITIES Accounts payable: GoTemjnent agencies Other Accrued liabilities: Government agencies Other Advances from: GovermDent agencle s Other Trust ani deposit liabilities: > Gorernment agencies Other Bonds, debentures, and notes payable: Government agencies Other: GiKranteed by the tjtilted States Hot guaranteed by the United States Other liabilities (Including reserves). Total liabilities 107 85,094 12,905 1,634 116 1,228 10,658 6 148 1,527 2,988 210 210 83 10 284,164 5,670 1,180 246 537 230 2,947 15,060 1,390 665 2,962 739 16,389 1,229,598 664,704 288,081 7,690,053 2/ 80,156 1,000 33,815 9,085 17,247 5,000 300 284 21,970 400 529 9,625 70,186 15 4,900 120 -144 61,147 4,349 599 26,870 1,049 79,667 8,722,994 29.832 1,788 96.056 WET mVEgTMHIT mited States Interest: Interest-bearing investment: Capital stock Borrowings from the U. S. Treasury... Other Ronlnterest-bearlng Investment: Capitol stock Appropriations Capitalization of assets (net) Other Acciuulated net Income, or deficit (-). Deposits of general and special fund revenues ( -) Total mited States Interest Total liabilities and investment AHALYSIS OF UNITED STATES IKVESTMBfT Utilted States Investment AccvBBulated net Income, or deficit (-).-, Total Vtoltcd States Investment Including Interagency items Interagency Items: iy\x from Government agencies (-) Due to Government agencies Total United States Investment after exclusion of Interagency items Foftnotes at end of Table S. -651 9.952,591 76,207 5,739 1,265 43,901 17,247 5,000 584 21 ,970 929 8,642,838 80,156 -651 15 4,900 120 79,811 -144 4,349 599 26,870 79,667 61,147 1,049 8,722,994 -308 174 -1,874 1,003 -758 290 -4,786 10,736 466 26.000 582 85.617 -844,664 454,476 -15,514 8.332.806 49.024 3,391 ^^349 (Continued on following page) Treasury Bulletin 106 , Table 3.- COKFORATIONS ASD CERTAIR OTHER B(JSIKBSS-TYFE Section I - Statements of Financial Condition Intragovernmental Revolving Fimds, March 31, 1063 (In thousonda of dollar e) (Continued) ) . June 19 6 J 107 . COEPORATIOHS AHD CKRTAIN OTHER BUSINESS-TYPE ACTiViTJJiS. Section I - Stateaente of Financial Condition Table 3.- Int ragovernmental Involving Funds, March 31, 1963 - (Continued) (In thouaacds of dolloro) Defense Department - (Continued) Corps of Engineers Caah In banjca, on hand, and In transit.... Fund balances with the U. S. Treaaury !/• • Health, Education, Navy Department Army Department(Continued) Stock ftmd ^ Industrial fund 2/ Marine Corps stock fund 69,382 95,754 4,580 Welfare Department 97,983 1,237 296,162 624 709 246,172 Narcotic hospitals Working capital fund Office of the Secretary Working capital fund 76 616 64,504 11,678 1,538,957 Service and supply fund 970 28,264 4,501 28,349 :^id Public Health Service InTeetfflenta: Public debt securities (par value) Securities of Government enterprleea. Ifiiamartlzed premium, or diacount (-).... Other Becurltles (net) Advances to contractors and agents: GoTermnent agencies Other Accounts and notes receivable: Government agencies Other (net) Inventories Allowance for losse a ( Accrued Interest receivable: On public debt securities On securities of Government enterprises. Other Loans receivable; Government agencies Other Allowance for losses (-) Acquired security or collateral (net).... Land, structures, and elulpment AociDulated depreciation (-) Other assets (net) . . 1 18,261 516 7,361 « 800 73 147 1,664 350 202 322 -178 437 -250 -191 278,186 3,582 686 797 11,326 10,953 135 2 17 129 816 98 12 48 ' 220 179,138 Total aasets 252,722 -129,772 1,700 1,689,242 1,079 9,703 115,127 40,667 6,472 502,18 383 144 1,800 UABIUriES Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advances from: Government agencies Other Trust and deposit liabilities: Government agenc les ther Bonds, debentures, and notes payable: Government agencies Other: Guaranteed by the Itilted States Not guaranteed by the thited States.. Other liabilities (Including reserves)... Total liabilities NET mVESrHHlT Uiited States interest: Interest-bearing investment: Capital stock Borrowings from the U. S. Treasury... Other Honlnterest-bearing Investment: Capital stock Appropriations Capitaliiation of aasets (net) Other AccuBulated net Income, or deficit (-). Deposits of general and special fund revenues ( -) Total United States interest Total liabilities and Investment AHALYSIS OF IHITED STATES IKVESTMHfr United States investment Accumulated net income, or deficit (-)... Total united States investment including interagency items Interagency items: Due from Government agencies (-) Due to Government agencies Total United States Investment after exclusion of Interagency items Footnotes at end of Table 8. 14,632 20,141 98,520 13 433 7,417 41.471 60,103 65 4,428 12.658 107,697 806 168,451 23,085 1,284 98 235 245,418 27,574 -1 ,773 1,561 134 88 225 287 255,101 1,520,791 4/ 352 433 219 450 280,369 -51,172 24,525 96,282 31 V 256,770 255,101 2,298 445 1,520,791 655 119,034 502,183 278,186 3.582 686 797 179,138 1.689,242 120,807 -1,773 1,520,791 229,197 27,574 255,101 2,011 287 222 433 225 219 1,520,791 256,770 255,101 2,298 655 U5 119,034 -97,983 14,632 -73 -64,504 115,127 -803 -18,261 1,512 -624 11,326 -148 135 2 141 265,803 1,630 438 1,571,414 173,419 584 102,285 (Continued on following page) Treasury Bulletin 108 .CORPORATIONS AND CERTAIN OTHES BUSINESS-TYPE ACTIVITIES. Table 3. Section I - Statements of Financial Condition Intragovernmental Revolving Funds, March 31, 1063 (In thousands of dolleurs) (Continued) June 19 6 J 109 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 3.- Intragovernmental Revolving Funds, March 31, 1963 (Continued) (In thousands of dollars) General Services Administration - (Continued) General supply fund ASSEPS Cash In banks on hand, and in transit... Fund balances with the U. S, Treasury 1/. Investments: Public debt securities (par value) Securities of Government enterprises... Unamortized premium, or discount (-)... Other securities (net ) Advances to contractors and agents: Government agencies Other Accounts and notes receivable: Government agencies Other (net ) Inventories Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencies Other Allowance for losses (-) Acquired security or collateral (net).... Land, structures, and equipment Accumulated depreciation (-) Other assets (net) Construction services, public buildings Veterans' Administration Working capital Supply fund fund Civil Service Commission Investigations ^ Tota 1 assets LIABILITIES Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advances froo: Government agencies Other Trufft 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 liabilities (including reserves)... Total liabilities NEI INVESTMEhfT United States Interest: Interest-bearing investment: Capital stock Borrowings from the U. S. Treasury... Other Nonlnterest-bearlng 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 AMLYSIS OF UNITED STATES INVESTMEOT United States investment Accumulated net income, or deficit (-)... 27,391 753 143 138 82 10,666 2,646 78 20 1,448 132 35,165 1,069 609 -214 51,885 -17,061 2,385 93 6,277 * 871 231 66 62,287 1,013 121,406 -202 804 -527 5,533 7U 1 3 249,526 1,625 840 52,880 3,429 25,851 83 401 6 114 1,871 9,931 37 785 95 628 22 12,646 788 1,519 375 142 ,009 1,868 134 396 39,986 6,239 -406 163 253 -22 63 248 14 160,062 -243 443 40,234 4.014 5,533 49,430 74 10,680 89,464 1 -141 4,000 150 142,750 11,215 249,526 1,625 840 52,880 -406 380 163 63 39,986 24s 4,000 153,823 6,239 14 Total United States Investment including interagency items Interagency items: Due from Government agencies (-) Due to Government agencies 160,062 -243 U3 40,234 4,014 -62,425 52,859 -871 -231 458 148 -6,355 1,908 -1,448 98 Total United States investment after exclusion of interagency items -656 360 35,787 2,664 150,496 Footnotes at end of Table 8. 110 Treasury Bulletin CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Statements of Financial Condition Table 4.- Certain Other Activities, March 31, 1963 (In thousands of dollars) • . June 19 6 J 111 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Statements of Financial Condition Table 4.- Certain Other Activities. March 31, 1963 - (Continued) (in thousands of dollars) KEW Department Office of Education Office of Territories Account Loans to students (World War II) ASSETS Cash in banks, on hand, and In transit,.. balances with the U. S. Treasury 4/. Fund Investments: Public debt securities (par value),..,. Securities of Ctovernment enterprises... Unamortized premium, or discount (-)... Other securities Advances to contractors and agents: ,. Government agencies Other Acco\mt8 and notes receivable: Government agencies. Other ( net ) Inventories. ., Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencies, Other: U. S. dollar loans Foreign currency loans..,,,,,. .,,,, Allowance for losses (-) Acquired security or collateral (net),. and equipment Land , structures Accumulated depreciation (-),... Foreign currencies. ....*,,•,•,*,,,*•,,< Other assets (net) Alaska public works -,...,,,,,,•,,,,•• LIABILITIES Accounts payable: Government agencies, ,,,.,,.,,,,..,.,... Other Accrued liabilities: ., ,,,,,,, Government agencies Other Advances from: Government agencies, Other Trust and deposit liabilities: • Government agencies Other Bonds, debentures, and notes payable: •• Government agencies. Other: Guaranteed by the U. S by the U. S Not guaranteed Other liabilities (including reserves)... a ssets,.,,,,,.., Total liabilities NET INVESTMENT United States interest: Interest-bearing Investment: Capital stock. ...,,,,,,,, .*••••-••••• Borrowings from the U. S. Treasury,., Other Noninterest-bearlng investment: ••' Capital stock. ....,,.,,,., ,,,.,,.,,..,,.,,*< Appropriat ions Capitalization of assets (net) •••' Other Accumulated net income, or deficit (-). special fund Deposits of general and revenues (-),......,,,,.,,•••••••••••' Total United States Interest Total liabilities and Investment ANALYSIS OF UNITED STATES INVESTMEhfT United States investment Accumulated net income, or deficit (-)... Immigration Naturalization Service ajid Legal activities and general administration 508 15,300 9,099 4,337 2,395 79 ,046 664 506,868 -126,621 95 -45 119 22,394 21,118 85 195 1 13 111 337 54 49 16,733 8,950 17,527 29,565 -7,404 26,713 17,527 128 3,891 169,850 463,605 3,031 39,258 43,468 200,250 2,639 29 1 591 47 395 7_ 919 2,830 12 4,328 2,046 4,162 2,459 722 608 17,527 -579 37 199 5,b3o 6,287 609 13 2,319 04 5,139 16,036 i,,59 65,963 10,188 18,943 20 11,003 207 -334 149,983 714,226 20,683 108,499 11/ 22,450 -408,539 35,685 948 1,045 11/ 34.161 178,849 -44,949 -157,842 -37,721 -3,770 27,432 197,791 29 17,527 457,319 3,018 34.119 17,527 3,081 39,258 43,468 200,250 463,605 -146,966 149.983 -42 34,161 72,382 -44.949 197.791 434,868 22,450 3,018 34,119 27,432 197,791 457,319 -4,196 722 29 26 -79 4,328 -13 3,012 2,459 3,044 38,369 30,431 200,139 453,844 609 -579 investment excl. Interagency items, 29 Footnotes at end of Table 8. Southwestern Power Administration 4,001 29 U. S. Southeastern Power Administration 16 investment incl. interagency items. Interagency items: Due from Government agencies (-) Due to Government agencies...,,,,,,..,- U. S. Bonneville Power Administration 39,013 , Total Justice Department Interior Department 17,527 17,527 (Continued on following page) -111 Treasury Bulletin 112 CORPORATIONS AND CERTAIN OTHER BUSINESS-TlfPE ACTIVITIES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, March 31, 1963 - (Continued) (in thousands of dollars) 1 Jane 196 J 113 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 4.- Certain Other Activities, March 31, 1963 - (Continued) (In thousands of dollars) Export-Import Bank of Washington Agent for certain Mutual Security Act loans ASSETS Cash in banks, on hand, and in transit,.. Fund balances with the U. S. Treasury 4/. Investments: Public debt securities (par value)..... Securities of Government enterprises... Unamortized premium, or discount (-)... Other securities Advances to contractors and agents: Government agencies , Other Accounts and notes receivable: Government agencies .................... Other (net) Inventories .............................. Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises Other Loans receivable: Government agencies Other: 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).. ..••••. ••.•...••. Total assets.. ••••••••.•..••• •••.••••••*. LIABILITIES Accoxints 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)... Total liabilities NET INVESTMENT United States interest: Interest-bearing investment: Capital stock Borrowings from the U. S. Treasury... Other Noninterest-bearlng investment: Capital stock. ................ •••••• ............•.. Appropr ia t ions 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 ANALYSIS OF UNITED STATES INVESTMEm United States investment Accumulated net income, or deficit (-)... investment incl. interagency items. Interagency items: Due from Government agencies (-) Due to Government agencies U. S. investment excl. Interagency items. U. S. Footnotes at end of Table 113 Federal Conununications Commission Federal Maritime Commission Federal Mediation and Conciliation Service 1,614 1,101 5,899 Payment of loan guaranties Panama Canal Canal Zone Government 128 15,305 4,144 4,400 146 8 7 2,919 874 130 349 43 20 3,487 14,676 1U,037 52,904 -20,320 4,471 190 410 1,251 10,531 1,298 2,033 5,787 539 83 46 269 743 6,884 U7,636 14,676 63,244 5,654 15 702 5,666 1 440 38 82 150 618 114 11 5 1,391 178 495 8,076 161,000 456 -371 3,603 2,826 692 1,367 14,676 1,147 1 ,907 -85 4,420 2,455 841 1,062 4,420 14,676 51,502 14,676 63,244 14,676 51,502 U7,636 10,531 1,298 2,033 1W,U9 2,455 3,599 -2,757 1,062 !.,420 2,455 841 1,062 •923 1,258 3,487 -146 196 441 147,636 11,742 39,595 5,787 147,63b 15/ -5 -16,851 U7,63o ft 971 4,680 -2,757 3,487 2,751 (Continued on following page) i Federal Power Commission Interstate Commerce Commission lU Ireasury JjuUetin CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES Section I - Statements of Financial Condition Table 4.- Certain Other Activities, March 31, 1063 - (Continued) (In thousands of dollars) . ; June 1961 115 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYTTIES. Section I - Statements of Financial Condition Table 5.- Certain Deposit Funds, March 31, 1963 (In thousands of dollare) Federal Home Loan Bank Board Farm Credit Administration Account Total Banks for cooperatives Federal intermediate credit banks Federal Deposit Insurance Corporation Federal home loan banks ASSETS Cash in baskSy on handf aztd In transit***.**... Ftmd balances vltb ths H. S. Treasuiy J/ InvBStaeDts i Public debt securities (par value) Securities of wholly owned Govt, enterprises. Dnanortized premlumy or discount (-}•.....*.. Otber securities Advances to contractors and agents GovBxment agencies. ....*..*..*.....* Other Inventories Allowance for losses (-) Accounts and other receivables: 85,364 4,886 9,575 21 58,971 1 41 1,625 3,219 4,874,098 43,051 111,384 2,735,163 1,984,500 -23,773 -271 -541 -12,612 -10,351 59 59 GovexTunent agencies. Other (net ) 1 5 3 85,339 10,074 31 ,987 3,879 1,600 761,422 -7,467 66 548 -487 246 900 2,006,547 966 1,135 1,532 10,314,695 loans receivable: Govexment agencies. 825,584 2,160,889 2,759,857 4,568,365 2,500 5,282,576 -8,423 OUwr Allowance for losses (-) Acquired security or collateral (net ) land, structures, and equlpaent Accumulated depreciation (-) Other assets (net) • Total assets, 16,797 66 9,444 -1 ,324 *....*... 868 -837 26,409 16,869 982 -956 2,513,625 8,029 UABILITIES Accounts and other payables: Goveniment agencies. *.*......* Otber Advances from: Govemnent agencies ....*.*......*•.••* Other Trust and deposit liabilities: ......•....•••••• Govezmnent agencies. Other Bonds , debentures , and notes payable i Government agencies Otlttr: Guaranteed by the United States Not guaranteed by the United States, All otber liabilities (including reserves),,. Total liabilities 2 297 62, U1 5,155 22,859 671 206 1,283,735 14 503 20 324 2,500 900 1,600 4,438,675 221,768 537,375 413 6,009,626 300 1 33,756 172 244 1,282,664 1,898,215 4,529 216,590 2,003,085 236 54A,362 1,927,549 217,973 2/ 1,241,119 221,281 70,170 61,768 40,519 41,319 1,462,400 131,938 81,838 200,727 94,838 105,889 2,641,942 54,U6 45,613 2,541,884 NET rarESTMEMT Private interest: Capital stock Accuamlated net incoms, or deficit (-). Total private Interest, Ihilted States Interest: Interest-bearing Investment: , Capital stock Borrowings from the U, S. Treasury Other Honlnterest-bearing investment: Capital stock ••« .,..,,,,,,,,. Appropriations Gapitallaation of assets (net) Other Accumulated net income, or deficit (-) Deposits of general and special fund revenues (-) 2,842,669 149,283 151,502 2,541,884 Total United States interest 825,584 2,160,889 2,759,857 Total liabilities ai^ investment 10,314,695 200,727 2,641,942 94,838 U6 105,889 45,613 2,541,884 2,842,669 149,283 151,502 2,541,884 -2,505 3,007 -1 ,603 916 -900 1,622 469 2,843,171 148,596 152,224 2,542,351 AHAHSIS OF UOTTED STATES mTCSTMEMT Ihited States investment Aceumlated net income, or deficit (-) Total D. S. investment including interagency items, Interagency items: Dim from Government agencies (-).. Due to Government agencies,.,. Total D, S, investment excluding interagency items < ' 1/ 2/ 1/ See Table 1 , footnote 1 See Table 2, footnote 6. and is The surplus is not available by law for dividend distribution 54, -1 2/ Ireasury nuUetin 116 .CORPORATIONS AND CEEfCAIN OTHER BUSINESS-TYPE ACTIYITIES. Section I - Statements of Financial Condition Table 6.- Certa In Trust Revolving Funds, March 31, 1963 (In thousands of dollars) ' June 1961 117 -CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIYITIES- Section I - Statements of Financial Condition Table 6.- Certain Trust Revolving Funds* March 31 , 1063 - (Continued) (In thousands of dollars) General Services Administration Account National Archives trust fund Housing and Home Finance Agency Federal National Mortgage Assoc. Secondary market operations ASSETS Cash in banks, on hand, and in transit Fund balances with the U. S. Treasury 4/.., Investments: Public debt securities (par value) Securities of Government enterprises..,. Unamortized premium, or discount (-).,.. Other securities Advances to contractors and agents: Government agencies Other Accounts and notes receivable: Government agencies Other (net ) Inventories Allowance for losses (-) Accrued interest receivable: On public debt securities On securities of Government enterprises. Other Loans receivable: Government agencies Other Allowance for losses (- ) Acquired security or collateral (net) Land, structures, and equipment Accumulated depreciation (-) Other assets (net) 209 20,310 -3 6 65 131 -21 ^90 Total assets LIABILITIES Accounts payable: Government agencies Other Accrued liabilities: Government agencies Other Advances from: Government agencies Other Trust and deposit liabilities: Government agencies Other Bonds, debentures, and notes payable: Government agencies Other: Guaranteed "by the United States Not guaranteed by the United States.. Other liabilities (including reserves),.. Total liabilities 19 NET INVESTMENT Trust interest: Principal of fund Capitalization of assets (net) Accumulated net Income, or deficit (-). Total trust interest. ^71 471 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. Footnotes 1 through 7 on preceding page. 8/ Represents unrealized purchase discounts. » Less than $500. 57,048 102 490 7,150 237 Civil Service Commission Employees' health benefits fund Employees' life insurance fund Retired employees health benefits fund Federal Communications Commission International telecommxinication settlements Treasury Bulletin 118 . CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 7.- Loans Outstanding March 31, 1963, Excluding Interagency Loans and Those Made by Deposit and Trust Revolving Funds, Classified by Types of Loans 1/ HH-1 (In thousands of dollars) : V : Jane 1967 119 CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYEE ACTIYTTIES. . Section I - Statements of Financial Condition Table 7. Loans Outstanding March 31, 1963, Excluding Interagency Loans and Those le 7.Made by Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) (in thousands of dollars) United States dollar loans Type of loan and lending agency Total 2/ To aid industry (Continued) Other loans (Continued) Other purposes (Continued): Housing and Home Finance Administrator: Liquidating programs Interior Department: Bureau of Commercial Fisheries: Fisheries loan fund Office of Minerals Exploration Virgin Islands Corporation Small Business Administration: Revolving fund (lending operations) Treasury Department: Civil defense loans Reconstruction Finance Corporation liquidation fund. 4,183 ^ ^ Total to aid States, Territories, etc Foreign loans: Expansion of defense production: Export-Import Bank of Washington Military assistance credit sales: Defense Department: Air Force Department Army Department Navy Department Other purposes: Agency for International Develojment: Alliance for Progress, development loans Development loans Development loan fund liquidation account Loans to United States firms and domestic or foreign firms in foreign countries All other loans Commerce Department: Maritime Administration Export-Import Bank of Washington: Regular lending activities Agent for certain Mutual Security Act loans Treasury Department: Miscellaneous loans and certain other assets 755,86;: 123,975 3,947 290,869 22 22 1,405,245 1,405,245 ,700,083 1,405,245 360 360 1 To aid States, Territories, etc.: Commerce Department: Area Redevelopment Administration: Area redevelopment fund General Services Administration: Public Works Administration (in liquidation) Health, Education, and Welfare Department: Public Health Service i/ Housing and Home Finance Administrator: Public facility loans Liquidating programs Urban renewal fund Interior Department: Bureau of Reclamation Office of Territories: Alaska public works National Capital Planning Commission Public Housing Administration Treasury Department: Miscellaneous loans and certain other assets 2,502 3,947 290,869 ^ Total to aid education 591 2,502 879,836 ^ Footnotes at end of table. 626,956 1,702 34 591 , Total to aid industry To aid education: Health, Education, and Welfare Department: Loans to institutions and nonprofit schools Loans to students in institutions of higher education Loans to students (World War II ) Housing and Home Finance Administrator: College housing loans Foreign currency loans 2/ 6,430 626,956 , Certain other activities 4,183 6,430 1,702 34 ^ Total foreign loans Public enterprise revolving funds 294,838 61 ,206 61 ,206 3,727 3,727 98,911 8,089 144,799 98,911 8,089 144,799 52,317 6/ 52,317 6/ 17,527 17,527 1,201 1,201 164,230 164,230 91, 2U 91,244 643,611 32 P27 ?2^ 416,389 32 7,201 7,201 32,835 32,835 113, 1U 113, 13,789 408,125 215,898 13,789 408,125 215,898 1,460,498 888,788 2/ 1 ,460,498 74,004 8/ 2,525,454 §/ 6,409 6,409 3,U8,521 1U 3,448,521 144,037 1U,037 3,210,718 3,210,718 9,061,206 4,086,364 (Continued on following page; 4,974,8^ 3,488,246 120 Treasury Bulletin .CORPORATIONS AHD CERTAIN OTHER BOSINESS-TYFE ACTIVITIES. Section I - Statements of Financial Condition Table 7.- Loane Outstanding March 31, 1963, Excluding Interagency Loans and Those Made by Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) j/ (in thousands of dollars) 6 B 5 6 . Jane 1967 121 COKPORATIONS AND CEPTAIN OTHER BUSINESS-TYEE ACTIVITIES. . Section I - Statements of Financial Condition Table 8.- Loans Outstanding by Periods for All Business-Type Activities Excluding Interagency Loans but Including Foreign Currency Loans Part A.- Classified by Types of Loans (In millions of dollars) To aid agriculture End of period Total 1/ Total Agricultural credit corporations to aid agriculture To aid home owners Crop, livestock, and Cooperative associations commodity loans 2/ Farm mortgage Total Mortgage loans to aid home owners Other Other Fiscal years: 1950 12,771.7 13,689.4 16,066.0 17,863.4 18,743.8 19,420.5 20,547.5 21,812.9 22,893.4 27,510.7 29,568.3 31,527.1 36,154.9 277.7 122.6 ,849.2 ,728.2 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 3,773.3 3,674.7 4,058.2 4,996.6 6,389.1 6,361.7 6,789.6 6,827.5 6,913.4 8,489.7 7,797.5 8,428.3 9,793.0 413.2 1951 3,884.1 4,161.3 5,070.3 6,810.5 6,929.2 6,715.4 6,785.4 6,681.1 8,684.9 7,762.5 8,299.5 9,453.1 10,376.5 32,771.3 35,854.9 36,043.4 37,867.8 8,780.7 10,253.9 9,422.7 11,440.8 Calendar years; 1950 1951 ,595.1 1952 1953 1954 1955 1956 1957 1958 1959 I960 966.7 ,086.0 ,575.5 ,506.3 ,091.5 ,755.6 ,851.1 1961 1962 Current quarters: 1961 -September 1962-March September 1963-March 30 31 30 31 573.7 751.7 1,659.0 1,958.8 2,174.3 2,333.3 2,467.9 2,604.4 2,774.4 2,979.3 3,191.6 3,509.3 3,748.2 3,974.4 4,231.0 2,460.5 2,234.0 2,452.9 2,089.2 1,688.2 2,526.9 1,360.7 1,532.3 2,272.6 635.6 686.5 733.6 928.8 1,160.5 1,396.4 1,502.0 1,651.2 1,841.9 1,892.5 2,171.5 2,341.1 2,468.6 2,589.6 2,721.7 2,954.1 3,152.0 3,394.2 3,715.4 3,948.3 4,168.0 4,350.7 952.4 812.8 1,453.8 3,116.2 3,026.2 2,669.7 2,441.6 1,840.7 3,333.9 1,752.8 1,871.3 2,486.2 2,816.9 1,844.2 1,765.5 2,015.1 2,006.5 4,066.9 4,231.3 4,267.8 4,436.7 1,731.0 2,985.9 1,772.6 3,514.9 865. 823.9 774.0 844.6 894.4 996.5 1,227.0 1,547.4 1,697.8 1,832.2 1,998.6 507.1 629.1 671.3 589.8 Total to aid industry Fiscal years: 1950 628.0 603.1 549.4 614. 426.7 438.5 626.9 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 639.6 654.2 716.8 753.6 727.7 1962 876.1 Loans to railroads 113.0 104.7 85.2 78.6 11.9 12.7 12.7 12.3 8.0 7.5 7.2 6.7 32.8 408.6 437.7 l',216.5 Total to aid financial institutions Ship mortgage loans 6/ 2/ 221.0 218.6 191.0 173.8 155.2 136.8 120.7 515.0 498.4 464.2 535.9 414.7 425.8 393.2 408. 455.2 535.5 591.3 584. > 722.5 453.6 824.5 653.0 718.5 677.9 1,019.2 1,180.6 1,086.6 933.7 1,538.9 1,801.5 1,915.6 2,768.2 Insurance companies 2.6 .1 .1 2.8 2.2 7.2 7.2 4.2 568, 1951 589. 597. 587. 431. 678. 1952 1953 1954 1955 1956 1957 1958 1959 1960 619. 673. 679. 732, 748 797 917 1961 1962 Current quarters: 1961 -September 1962-March September 1963-March 109.9 100.7 81.9 79.0 11.5 11.2 12.5 30. 31 30. 31. Footnotes on page 124 748.3 846.3 892.0 879.8 18.3 32.6 32.5 32.3 549.6 588.8 647.2 634.1 275.3 314.2 359.2 454.0 504.5 558.5 661.6 508.8 517.1 566.7 597.6 628.7 596.4 289.8 357.5 399.5 484.3 530.4 608.5 768.2 590.4 636.1 726.2 797.6 6/ 6/ &/ 7/ 458.1 488.5 515.7 508.8 419.8 260.7 219.3 216.8 186.6 165.7 151.4 128.2 114.7 406. 133.5 123.9 117.3 122.9 596.5 689.9 387.5 446.9 485.5 559.7 589.6 637.0 770.8 74.2.2 724.7 13.6 13.7 5.1 4.5 3.7 3.4 Mortgage loan companies 437.4 810.7 647.9 713.9 671.4 1,013.5 1,173.4 1,079.4 929.5 1.8 1,537.1 31.7 1,769.8 1,869.4 2,767.1 46.1 1 .1 Calendar years: 1950 515.9 530.1 1,315.7 1,809.4 2,387.4 2,914.2 2,814.4 3,094.8 3,377.7 4,380.5 4,628.2 5,872.7 7,563.6 7,763.2 8,340.6 1,290.7 1,809.1 2,387.3 2,914.1 2,814.2 3,094.6 2/ 3,302.7 4,276.0 4,473.5 5,641.6 7,247.0 7,371.9 7,874.2 23.4 30.9 37.3 38.4 49.2 41.2 366.2 401.9 396.7 413.5 447.5 539.2 598.8 1,528 2,141 2,603 2,930 2,906 3,204 3,771 4,768 4,860 6,735 8,032 8,248 8,244 1,525.2 2,141.4 2,603.2 2,929.9 2,906.6 3,204.1 2/ 3,683.1 4,642.0 4,671.8 6,462.1 7,679.1 7,807.9 7,814.9 548.2 635.1 641.1 685.0 7,903.9 8,456.9 8,265.2 7,818.2 7,488.8 7,993.7 7,810.5 7,407.0 21.6 25.5 30.9 34.2 39.5 44.6 392.5 U8.2 447.3 452.0 486.1 530.9 629.1 To aid financial institutions To aid industry End of period 1,003.1 824.3 814.2 864.5 951.8 869.8 1,419.0 1,235.5 1,272.3 1,300.6 2,136.1 2,027.3 2,708.3 3,480.0 2.3 3.5 7.3 7.2 2.3 1.8 46.5 46.1 1.0 810.2 800.7 859.6 947.2 863.8 1,412.4 1,228.2 1,265.2 1,298.3 2,134.3 1,980.8 2,662.2 3,479.0 2,170.4 2,197.2 3,047.3 2,514.6 46.1 46.1 1.0 1.0 2,124.3 2,151.1 3,046.3 2,513.6 .1 .1 To aid education To aid States, Territories, etc. .3 .1 .1 .1 .2 74.9 2/ 104. 154. 231. 316. 391. 466. 3.0 .3 .1 .1 .2 .3 88.3 2/ 126.6 188.5 273.0 353.1 U0.4 429.9 415.1 463.2 454.7 411.1 Foreign loans 4/ 25.0 y Other loans 60.7 64.6 66.5 72.9 88.4 136.9 ,088.8 422.9 560.9 732.5 732.7 332.3 255.2 226.8 243.0 270.9 310.0 348.9 402.8 1,393.5 528.1 6,116.3 6,151.1 7,617.0 7,798.4 7,964.8 8,032.4 8,171.6 8,300.2 9,046.2 9,924.7 10,266.8 10,991.2 12,196.3 1.2 468.0 712.3 1,020.2 644.6 271.7 244.9 246.0 264.0 293.4 318.8 369.1 423.1 630.7 6,077.8 6,110.3 7,736.2 8,042.6 8,000.5 7,988.3 8,223.5 8,753.7 9,509.7 9,840.0 10,483.6 11,753.9 12,159.7 67.6 72.0 69.5 204.2 230.8 319.4 436.2 467.8 565.2 643.6 11,337.2 12,092.1 12,073.7 12,549.5 210.5 236.9 255.7 321.3 1.2 1.1 1.8 15.6 50.3 81.7 113.2 209.8 374.9 585.7 830.4 1.1 6.3 29.7 65.6 91.6 147.3 274.4 450.4 682.8 958.6 1,233.9 1,599.2 1,184.1 1,303.8 1,521.6 1,700.1 61.1 125.7 71.9 72.3 205.9 209.5 259.1 61.6 65.1 68.4 89.0 100.4 I64.4 63.1 Treasury Bulletin 122 .CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. Section I - Statements of Financial Condition Table 8.- Loans Outstanding by Periods for All Business-Type Activities Excluding Interagency Loans but Including Foreign Currency Loans - (Continued) Part B.- Classified by Agencies (In millions of dollars) Agriculture Department Agency for End of period Total V International Development 8/ Development loan fund 2/ Commodity Credit Corporation Farmers Home Administration 10/ Rural Electrification Administration Commerce Interior Dept. Dept. Treasury Department RFC (in ExpanMaritime sion of actividefense ties prod. liquidation) Expansion of defense 11/ prod. Other 12/ Housing and Home Finaince Agency General Services Office Administration 12/ . 5 , . Jane i96l 123 CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES, Footnotes to Table X/ 2/ These amounts consist in the main of unexpended balances of general special, and revolving fund accounts against which checks may be drawn to pay proper charges uhder these funds. The funds are considered as assets of the agencies, but are not assets of the United States Government since funds must be provided out of cash balances 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 and other receivables recoverable in foreign currency as well as balances of foreign currencies in United States depositaries, aggregating $^,479 million in dollar equivalent. These currencies, acquired primarily without the payment of dollars, were generated under various Govern- 1 ment programs, principally the Agricultural Trade Development and Assistance Act of 1954, 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. Foreign currencies on hand and on deposit and loans under section IO4 (e) of the Agricultural Trade Developnent and Assistance Act of 1954, as amended, are stated at the rates as of March 31, 1963, at which the United States could purchase currencies on the market for regular operating purposes. Other loans are stated at the rates at which they are to be repaid or at rates in effect when the loans were extended. Cxirrencies that are dollar denominated or guaranteed as to rate of exchange are stated at rates specified in the agreements. Footnotes to Table 2 _!/ 2/ 2/ 4/ Includes operating and administrative expenses funds. See Table 1 footnote 1 Includes guaranteed loans and certificates of interest aggregating $1,314 million which are held by lending agencies. Foreign currency assets are included throughout the table (see Table footnote 2) 1 Represents dollar equivalents of foreign currencies credited with the United States Treasury. Certain corporations and other business-type activities that have submitted statements of financial condition guarantee and insure loans made by private financial institutions and insure deposits in banks and savings and loan associations. These commitments are excluded from their balance sheets. The major agencies that have these items and the amounts thereof are as follows: Amount Activity (in millions of dollars) Agriculture Department: Farmers' Home Administration: Agricultural credit insurance fund 432 Commerce Department: Federal ship mortgage insurance fund 41 Housing and Home Finance Agency: Office of the Administrator: Urban renewal fund (December 31 1962) 903 Federal Housing Administration 40»687 Public Housing Administration: Local housing authority bonds and notes 3|336 Local housing authority temporary notes 9iA Veterans' Administration: 16,122 Loan guaranty revolving fund (December 31, 1962) Export-Import Bank of Washington: Regular lending activities 295 Federal Deposit Insurance Corporation (December 28, 179,088 1962) Federal Home Loan Bank Board: Federal Savings and Loan Insurance Corporation (De77,349 cember 31, 1962) , 7/ , ^ 6/ 8/ 2/ 10/ 1,1/ 12/ 3/ 1 _ , 14/ 15/ 16/ 17/ 18/ 19/ » Interstate Commerce Commission (December 31, 1962) 149 Small Business Administration: Revolving fund (December 31, 1962) 23 Defense production guaranties (various agencies) (December 31, 1962) 110 Represents the fund known as "Adjcances to employment security administration account, unemployment trust fund." Figures are as of March 29, 1963. The assets and liabilities of this fund exclude resources on order of $192 million as reported by the Post Office Department. Valued at cost, estimated if not known. Land includes sites held for resale to prospective lessors for which $26 million has been paid or obligated, Liabilities do not include: (1) undetermined amounts of postage in the hands of the public which have been accounted for as revenue when sold, and (2) the following types of contingent and future obligations: contingent liabilities for cases pending before the Civil Aeronautics Board and for pending suits and damage claims, and commitments under long-term leases. Represents equity of the United States Treasury in this fund. The defense production guaranties fund, formerly shown under this heading, did not have any assets, liabilities or net investment as of March 31, 1963. Represents purchase money mortgages formerly classified as other assets (see footnote 1 at end of Table 7). Represents unrealized purchase discounts. Includes reserves and unrealized equity in the assets of the Defense Homes Corporation which are being liquidated by the Association. Interest on this amount is being paid ty the direct loans to veterans and reserves fund. Represents accrued interest expense on borrowings from the United States Treasury Department on which payment has been deferred. Includes primary and secondary reserves of $644 million. The secondary reserve is available for losses only if the primary reserve is insufficient. Ccnslsts of net income from power operations of $624 million and net expense of nonrevenue-producing programs of $257 million. Less than $500. Footnotes to Table 3 V 2/ footnote 1 See Table 1 Consists mainly of capital of the Defense Department stock funds, representing appropriations and reappropriations, capitalization of Figures for each of assets, and accumulated net income or deficit. the three accounts were not shown separately on reports subroitted by the Department. , 4/ 5/ » Excludes capital property such as land, structures, and equipment as Office of the Secretary, $5 million; Air Force, $1,385 follows: million; Army, $1,535 million; and Navy, $2,784 million. Represents capital of the fund (see footnote 2). Figures are as of December 31, 1962, the latest available. Less than $500. Footnotes to Table 4 1/ 2/ y u 5/ 6/ 2/ 8/ Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 195i, as amended (7 U.S.C. 1704 (e)). Represents rural housing and other loans, and salaries and expenses. Consists of military assistance credit sales receivables of the Air Force, Army, and Navy Departments, See Table 1, footnote 1. Includes $161 million representing appropriations to cover undisbursed loan agreements financed out of grant appropriations. Includes vessels owned and under construction. Represents allowance for losses from scrapping of obsolete vessels. Includes foreign currency funds of $11 million in dollar equivalent representing appropriations to cover undisbursed loan agreements financed out of grant appropriations. Foreign currency assets are included throughout the table (see Table footnote 2) 1 These amounts reflect changes in treatment accorded collections of interest as deposits to general and special accounts Instead of being netted against accumulated net income or deficit. Represents interest on invested capital. , 12/ 12/ IV IS-' 1^ J7/ . IS/ Includes the United States Study Commission - Texas which has been transferred to the Treasury Department for liquidation. Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic and critical materials. Figures are as of December 31, 1962, the latest available. Represents assets and liabilities of the United States Civil Service Commission exclusive of trust and revolving funds. Includes stock of the International Bank for Reconstruction and Development amounting to $635 million; and subscriptions to the International Monetary Fund, the International Finance Corporation, Developthe Inter-American Development Bank, and the International milment Association amounting to $4,125 million, $35 million, $250 lion, and $197 million, respectively. dated Includes $200 million due under the agreement with Germany Japan February 17, 1953, $474 million due under the agreement with balances dated January 9, 1962, and lend-lease and surplus property million. due the United States in the principal amount of $1,408 million outIncludes loan to the United Kingdom amounting to $3,205 standing. See Table 2, footnote 6. • Less than $500. 124 Treasury Bulletin .CORPORATIONS AKD CERTAIN OTHER BUSINESS -TYFE ACTIVITIES. Footnotes to Table 8 1/ 2/ 2/ 4/ ^ 6/ 7/ 8/ 2/ 1.0/ 11/ 12/ 12/ Table 8 relates to all loan programs of Government agencies. It ineludes not only the United States dollar and foreign currency loana summarized separately in Table 7, but also the loans made, all in United States dollars, by deposit funds (Table 5) and trust revolving funds (Table 6). Pursuant to an amendment issued June 23, 1960, to Department Circular No, 966, Table 8 now includes purchase money mortgages, mortgages purchased from insured lending institutions to prevent default, and similar long-term paper (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 revolving fund is included under "Mortgage loans" through 1955 and under "Other" to aid home owners thereafter (see footnote 19). Figures representing loans made by the Agency for International Development (formerly International Cooperation Administration) prior to 1952 are not available at this time. Includes guaranteed loans held by lending agencies through December 31 f 1958, and the loan to the United Kingdom. Reports on maritime activities were not received by the United States Treasury Department during the period from March 31, 19^7, through March 31, 1953. Reorganization Plan No. 21, effective May 2^, 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. This Agency was established in the Department of State, and the International Cooperation Administration and the development loan fund were abolished on November 3, 1961, pursiiant to the act approved September i, 1961 (75 Stat. /J^5) , and Executive Order No. 10973 dated November 3, I96I , Loans of the abolished agencies were transferred to this Agency and a new fund for development loans was established. Data for earlier periods are for predecessor agencies, This fund was abolished on November 3, 1961 (see footnote 8). Consists of the emergency credit revolving fund, the agricultural credit insurance fund (formerly the disaster loans, etc., revolving fund and the farm tenant mortgage insurance fund, respectively); the farm housing and other loan programs; the State rural rehabilitation funds beginning June 30, 1956; and the direct loan account beginning December 31, 1961. Prior to June 30, 1956, and December 31, 1961, loans of the agricultural credit insurance fund and the direct loan account, respectively, were included in the statements of financial condition of the nonrevolving fund loan programs. On September 29, 1953, pursuant to the act approved July 30, 1953 (15 U.S.C. 609), 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 28, 1953, and as of the close of business on September 28, 1953, respectively. Effective at the close of business June 30, 1954, pursuant to Reorganization Plan No, 2 of 1954, certain functions and related assets of the Corporation were transferred to the Export-Import Bank of Washington, the Federal National Mortgage Association, and the Small Business Administration. Qn July 1, 1954, the remaining activities of the Corporation were transferred to the Secretary of the Treasury to complete their liquidation, pursuant to the act of July 30, 1953, as amended June 29, 195A. The Corporation was abolished effective at the close of business June 30, 1957, by Reorganization Plan No, 1, of 1957, and the remaining functions of the Corporation were transferred to the Housing and Home Finance Administrator, Administrator of General Services, Administrator of the Small Business Administration, and the Secretary of the Treasury. Consists of the loan to the United Kingdom and other miscellaneous loans, Federal civil defense loans beginning December 31, 1953, loans of the Reconstruction Finance Corporation liquidation fund beginning December 31, 1957 (see footnote 11), and loans of the Federal Farm Mortgage Corporation liquidation fund beginning December 31, 1961 (see footnote 20) Figures through December 31, 1959, consist of loans of the Public Works Administration (in liquidation). Figures beginning June 30, I960, include also: loans of Federal Facilities Corporation (this Corporation was dissolved September 30, 1961, pursuant to the act of August 30, 1961 (75 Stat. 4l9), and the loans are being liquidated by the Administrator of General Services), the Reconstruction Finance Corporation liquidation fund, surplus property credit sales (see footnote 1 at end of Table 7), and loans acquired pursuant to the Defense Production Act of 1950, as amended (50 App. U.S.C. 2091) through December 31, 1960. 1^,/ 1 5/ 16/ Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures include also: beginning December 31, 1950, loans for community facilities service (previously included under Public Works Administration), prefabricated housing loans (transferred from the Reconstruction Finance Corporation) and urban renewal loans authorized by the Housing Act of 1949, as amended (42 U.S.C. 1452 (a)); beginning December 31, 1951, college housing loana authorized by the Housing Act of 1950, as amended (12 U.S.C. 1749); beginning December 31, 1954, loans held by the revolving fund established pursuant to the act approved June 24, 1954 (68 Stat. 295) for liquidation of not only Alaska housing, community facilities service and prefabricated housing loans already included but also loans under the Farm Security Administration program, the public war housing program, and the veterans' re-use housing program, all three of which previously were handled by the Public Housing Administration; as of December 31, 1955, public works planning loans authorized by the Housing Act of 1954 approved August 2, 1954 (40 U.S.C. 462); beginning December 31, 1956, public facility loans authorized by the Housing Amendments of 1955 approved August 11, 1955 (42 U.S.C. 1491); as of December 31, 1956, June 30, 1957, and from June 30, I960, through ^farch 31, 1963, community disposal operations loans authorized by the Atomic Energy Community Act of 1955 approved August 4, 1955 (42 U.S.C. 2301 note) and Executive Order No. 10657 of February I4, 1956; and beginning September 30, 1961, loans for housing for the elderly authorized by the Housing Act of 1959, as amended (12 U.S.C. 1701q). 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 loans, and beginning June 30, I960, are included in this table (see footnote 1 at end of Table 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. The Federal National Mortgage Association Charter Act approved August 2, 1954 (12 U.S.C. 1716), authorized the Association to carry on three functions consisting of management and liquidating functions, secondary market operations, and special assistance functions. Its activities ujider these three functions began on November 1, 1954. 18/ All figures in this column include the loans of the low-rent public housing program fund (formerly known as the United States Housing Act program). Also included are the homes conversion program as of June 30, 1950, the Farm Security Administration and public war housing programs from June 30, 1950, through June 30, 1954, and the veterans' re-use housing program from June 30, 1953, through June 30, 1954 (see footnote 14) 22/ The Veterans' Administration loan guaranty program was converted to a revolving fund effective July 1, 1961, pursuant to the act approved July 14, I960 (74 Stat. 533). 20/ From June 30, 1956, through March 31, I960, 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 from June 30, i960, through September 30, I96I, were included in this column. On October 4, 1961, this Corporation was abolished pursuant to the act approved October 4, I96I (75 Stat. 773), and its remaining assets were transferred to the Secretary of the Treasury for liquidation. 21/ Figures include loans for expansion of defense production from June 30, I95I, through June 30, 1953, and Federal civil defense loans as of June 30, 1953 (see footnote 11). 22/ The major portion of the loans is held by: the Inland Waterways Corporation; Department of the Interior - Puerto Rico Reconstruction Administration through December 31, 1954, fisheries loan fund beginning June 30, 1957, Indian loans, and Alaska public works loans 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, 1959, and from June 30, I960, through >farch 31, 1963; Federal Savings and Loan Insurance Corporation and Defense Department (military assistance credit sales) beginning June 30, I960; and agencies reporting loans pursuant to the Defense Production Act of 1950, as amended (50 App, IF.S.C, 2091), which consist of the Departments of the Army beginning June 30, I95I, Navy beginning December 31, 1951, and Air Force beginning June 30, 1956, and the General Services Administration as of December 31 1959. * Less than $50,000. 17/ , 1 June 1961 125 .CUMDLATIVE TABLE OF CONTEHTS. July 1962 through June 1963 Issue and page number 1962 July Reporting bases. Aug. 1963 Sept. II Nov. II Dec. Feb. Apr. II II II II May Articles: Treasury financing operations A-1 A-1 A-1 A-1 1 Summary of Federal fiscal operations 1 1 1 Budget receipts and expenditures: Receipts by principal sources Detail of miscellaneous receipts by major categories Chart - Internal revenue receipts by principal sources 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 Detail of excise tax receipts Summary of internal revenue receipts by States, calendar year 1962. Trust account and other transactions: Summary of trust account and other transactions Trust accoxint 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 Intertrust fund transactions excluded from both net trust account receipts and net trust account expenditures 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, 1963) Cash Income and outgo: Summary of Federal Government cash transactions with the public... 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 expenditxires...... .............. Derivation of Federal net cash debt transactions with the public, and reconciliation to transactions through Treasurer's account.... Summary of cash transactions through Treasurer's account A- A-1 1 A-1 A-1 A-1 A-1 A-1 1 1 1 1 1 1 2 3 4 5 6 7 8 7 10 10 8 10 9 9 10 11 10 11 12 13 13 14 15 15 16 12 12 13 14 10 10 15 9 9 16 11 12 10 10 11 12 12 13 10 10 11 10 10 11 12 12 U 13 13 15 13 14 14 15 16 16 16 U 10 12 12 12 13 14 11 11 12 13 13 15 14 13 14 15 16 16 15 U 10 11 12 15 17 18 17 18 16 16 17 18 18 19 19 19 16 17 15 19 17 15 17 15 17 16 20 16 20 18 16 21 18 16 18 17 21 16 17 17 21 22 23 19 17 18 19 22 23 24 19 20 21 17 18 19 22 23 24 19 20 21 20 18 19 21 20 22 23 24 24 26 20 25 22 27 24 22 24 21 23 25 22 20 22 25 15 22 24 20 21 27 28 25 23 24 28 29 25 23 26 24 28 29 25 26 24 25 28 29 22 29 29 30 27 27 28 25 25 26 30 30 25 25 26 30 30 27 27 31 27 27 28 31 28 26 26 27 30 30 31 30 28 29 30 27 28 29 31 32 33 18 27 27 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 26 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 22 23 23 24 25 28 29 30 26 27 28 31 32 33 28 29 30 26 31 32 27 28 31 32 33 26 33 31 29 34 31 29 34 31 30 34 34 32 30 35 32 30 35 32 31 35 35 33 35 37 31 33 36 38 33 35 36 38 33 35 40 37 40 37 32 34 36 36 38 35 31 33 35 40 39 44 40 39 43 Statutory debt limitation Public debt operations: Maturity schedule of interest-bearing public marketable securities other than regular weekly Treasury bills Offerings of Treasury bills New money financing through regular weekly Treasury bills Offerings of public marketable securities other than regular weekly Trea sury bills Allotments by Investor classes on subscriptions for public marketable securities other than regular weekly Treasury bills Disposition of matured public marketable securities other than regular weekly Treasury bills Foreign series securities (nonmarketable) issued to foreign •• monetary authorities. Foreign currency series securities (nonmarketable) Issued to foreign monetary authorities 28 30 32 37 39 35 42 40 38 43 40 41 48 46 44 49 46 46 51 45 44 48 45 52 50 48 53 50 50 55 48 47 51 54 53 57 55 54 58 (Continued on following page) Ireasury huUetii. 126 .CUMULATIVE TABLE OF CONTENTS. July 1962 through June 1963 (Continued) - Issue and page number 1963 1962 July United 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.... Sales by States, Series E and H combined Ownership of Federal seciirities: Distribution by classes of investors and types of Issues Net market purchases or sales for investment accounts handled by the Trea sury Estimated ownership 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, 1962) Market quotations: End-of -month closing quotations on Treasury securities by issues. Chart - Yields of Treasury securities 52 52 53 55 Aug. 59 59 60 62 63 64 57 57 58 60 55 55 56 58 60 60 61 63 64 57 57 58 60 57 57 58 60 59 59 68 60 59 64 59 65 66 61 62 61 62 68 69 60 61 59 60 60 64 65 67 63 63 70 62 61 66 56 65 57 66 61 62 58 67 63 61 71 78 79 58 60 62 63 61 59 65 55 55 56 61 61 77 56 56 57 59 65 65 75 62 62 63 65 66 Apr. 67 56 62 64 May Mar. Sept. 74 67 69 65 71 73 67 69 67 69 78 80 66 68 65 67 67 70 72 70 68 69 74 75 70 71 70 71 81 82 69 70 68 69 73 74 70 71 71 76 72 73 73 74 72 73 83 84 84 85 86 71 70 75 72 72 73 74 71 71 72 73 76 76 77 78 Average yields of long-term bonds: Average yields of Treasury and corporate bonds by periods. Chart - Average yields of Treasxory and corporate bonds.,,. Internal revenue collections: Summary by principal sources Chart - Internal revenue collections by principal sources. 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, 1963) 67 71 80 81 69 70 70 71 72 82 83 83 84 85 72 73 73 74 75 72 73 77 77 78 79 75 73 74 75 72 73 75 73 73 74 74 74 75 75 76 77 77 74 75 75 Exchange Stabilization Fund (latest date December 31, 1962): Balance sheet U, S. stabilization agreements Income and expense National bank reports: Earnings, expenses, and dividends for calendar years 1958-62 International financial statistics: U. S. gold stock, and holdings of convertible foreign currencies by U. S. monetary authorities U. S. Treasury nonmarketable notes and bonds issued to official institutions of foreign countries , 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 banJiing claims on foreigners, latest month Purchases and sales of long-term securitler by foreigners, latest month Short-term liabilities and claims reported by nonf inanclal 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 1962 87 86 76 76 80 76 76 79 83 84 87 90 77 80 77 80 81 84 77 80 94 95 84 85 84 85 89 84 85 85 96 86 86 87 86 90 91 86 78 79 82 86 87 88 75 76 79 75 75 76 79 88 91 95 96 76 79 83 84 77 80 84 85 80 83 87 88 97 98 85 86 '86 's? 88 89 87 88 89 88 Foreign currencies acquired by the U, S, without purchase with dollars: Transactions and balances in Treasury accounts. Transactions and balances in agency accounts,.. Corporations Statements Income and Source and and certain other business-type activities: of financial condition (latest date March 31, 1963).. expense (latest date December 31, 1962) application of funds (latest date December 31, 1962). 90 90 98 98 101 94 90 111 91 89 109 89 90 June TREASURY DEPARTMENT FISCAL SERVICE, BUREAU OF ACCOUNTS OFFICE OF THE COMMISSIONER WASHINGTON 25. DC. OFFICIAL BUSINESS POSTAGE AND FEES PAfD U.S. TREASURY DEPARTMENT Treas. U.S. Treasury Dept. HJ 10 .kl 1963 C.2 ^UNO^ 4 Treasury Bulletin / U.S. 1 ...,i>;;::!i!il.„ iilpi WWm *',;''.'i".'."lf.{!!a ;;;-:^^;;i:i'.',' y'C- ';:! ;''v.v!';';:''l THEASURV LIBRARY 0032018