Full text of Treasury Bulletin : June 1963
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J UN 2 31972
TREASURY DEPARTMENT
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JUNE - 1963
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OFFICE OF THE SECRETBRV
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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.
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