Full text of Treasury Bulletin : June 1964
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81965
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Jane
1964
Table of Contents
Page
Treasury financing operations
A-1
Summaiy of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
12
Consolidated cash transactions
17
Account of the Treasurer of the United States.
.
20
Debt outstanding
23
Statutory debt limitation
28
Public debt operations
29
United States savings bonds
62
Ownership of Federal securities
66
Treasury survey of ownership of Federal
securities
68
Market quotations on Treasury securities
72
Average yields of long-term bonds
75
Monetary statistics
77
National bank reports
SI
International financial statistics
82
Capital movements
^^
Corporations and certain other business-type
activities- statements of financial condition.
Cumulative table of contents
.
102
135
Treasury Bulletin
II
Reporting Bases
Data on receipts, expenditures, and debt which appear
itures and Ealances of the United States Government" and
In the "Treasury Bulletin" are based largely on two Treasury
for actual receipts and expenditures in the "Budget of the
financial reports, the "Dally Statement of the United States
United States Oovernment."
Treasury" and the "Monthly Statement of Receipts and Expenditures 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 Induced in
Certain mone-
tary statistics are based at least In part on the "Circula-
Where these state-
tion Statement of United States Money."
aente are given as sources for Individual tables,
cited by name only.
they are
The transactions deducted consist of Interest payments and
described below. For other data in the Bulletin, Information on sources or reporting bases is given In connection
with the tables themselvee.
agencies to the Treasury. This reporting change was made in'
accordance with the plan stated in the President's Budget
The monthly statement of receipts and expenditures
Message of January 13, i960. It does not affect the surplus
or deficit. Figures for earlier periods shown In the Treas-
under this procedure do not Include payments to the Treas-
September i960 Issue.
The interfund transactions deducted
dally statement was changed to a statement of cash deposits
ury by wholly owned Government corporations for retirement
and withdrawals affecting the account of the Treasurer of
of their capital stock and for disposition of earnings.
the United States.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
Both publications have provided compar-
ative figures on their respective bases from the beginning
The announcement of February 17,
The daily statement on the new basis was first issued
The monthly statement shows all receipts and expendi-
for February 17,
including those made from cash
shown,
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
195''''
I" the deposits and withdrawals as
no distinction is made as to the type of accounts
(budget, trust,
etc.).
The deposits are on the basis of
certificates of deposit cleared through the account of the
Treasurer of the United States.
These reports cover
Total withdrawals are on
the basis of checks paid or cash disbursements made out of
the Treasurer's account.
Some of the withdrawal olassl-
transactions recorded in the accounts of the agencies
float ions shown are reported on the basis of mailed reports
The net of the transactions
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
minor amounts, noncash interfund and other Intragovernmental
changes in the public debt outstanding.
dally statement also are on a "clearance" basis, with the
Receipts of taxes and customs duties are reported on a
collections basis. Other receipts are reported partially
on a collections basis and partially on a deposits basis.
exception of those Issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks,
Noncash debt transactions are included, however.
Expenditures, except Interest on the public debt, are reported on the basis of checks Iseu^g or cash payments made,
The daily statement before February I7, 195'+, covered
not only transactions cleared through the Treasurer's ac-
accrual basis beginning with figures for June 1955 and
the fiscal year 1955.
Prior to that, It was included on
a due and payable basis.
The same reportin^j basis as that
in the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
I
j
'
of checks issued and are adjusted by means of clearing ac-
as compiled from these reports is reconciled in the monthly
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 la included on an
1
were revised accordingly at that time.
In the April 195^ issue of the Bulletin.
by disbursing officers.
1
and figures for prior fiscal years back through 1932
19'+2,
195^; with respect to these reporting changes may be found
during the reporting period.
'
ury Bulletin were revised to the new reporting basis in the
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
checking accounts in comiiercial banks.
'
minor amounts of certain other payments made by Government
was first published for February 195^. ari<J replaced the
daily statement as the primary source of information on
tures of the Government,
1
the detail of both budget receipts and budget expenditures.
Their respective reporting bases are
of the flscauL year 1953'
|
transactions are excluded.
•
Except for relatively
The public debt figures In the
count but also certain Government agency transactions whlcb
were handled through commercial bank accounts, and included
noncash interfund and other intragovernmental transactions.
It provided information similar to that in the present daily
statement with respect to the status of the Treasurer's account, and similar to that in the oresent end-of-month daily
statement with respect to debt issuance, retirement,
and
Receipts and expenditures, however, were
classified by type of account, and the budget results shown
amount outstanding.
;
lane
1964
III
Reporting Bases
Ln
Ithe
ijy
the dally statement were used ae the basis for
reflecting
results under the President's budget program
as enacted
the Congress.
Receipts were on the basis of deposits as they
cleared
Treasurer's account. Expenditures cleared through
the
the Treasurer's account were reported on two successive
Jbases.
Through 191^6 they were on the basis of checks paid
Ethe
the Treasurer of the United States.
Beginning with I9I17,
iexpendltures made through the facilities of the Treasury
|by
department's Division of Disbursement were on the basis
checks Issued, while certain others, principally those
;Df
iJDf
the Department of Defense and Its predecessor organlzawere on the basis of checks paid. Transactions han-
:|tlons,
'ke:
vftere
-
(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
191^9 and on a checks-paid basis prior to that
time.
November
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
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
that period.
the details may not check to the totals shown.
calculations have been made from unrounded figures,
1964
Jane
A-l
Treasury Financing Operations
!
One-Year Bill Issued
weekly Issues of 26-week bills for $0.9 billion each.
Tenders totaling $2,208 million were received for the
!
cash offering of $1.0 billion, or thereabouts, of
iMay 27
363-day Treasury bills.
1
jbank
Acceptances of tenders at the average
discount rate of 3.719 percent totaled $1,000 million,
bills dated May 28, 1964, which mature in 183 days.
(without stated price) from any one bidder.
or less
lowing
.
The
joffering had been announced on May 21.
The new bills are dated June 2, 1964, and will mature
1965, when the face amount will be payable without
iMay 31,
interest.
Issued In bearer form only, the bills are in de-
nominations of $1,000, $5,000, $10,000, $50,000, $100,000,
i$500,000, and $1,000,000 (maturity value).
Payment for accepted tenders in cash or other immediately
available funds was required to be made or conpleted on June 2,
1
Payment by credit in Treasury tax and loan accounts was
1964.
not permitted.
Banking institutions generally could submit tenders for
account of customers provided the names of the customers were
set forth in such tenders.
.were not
Others than banking institutions
permitted to submit tenders except for their own
i
1
account.
Tenders were received without deposit from incorpo-
Irated banks and trust companies and from responsible and
'recognized dealers in investment securities.
j
Tenders from
others were required to be accompanied by payment of 2 percent
of the
face amount of Treasury bills applied for, or by an
[express guaranty of payment by an incorporated bank or trust
company.
Weekly Bills Increased and Refunded
May issues of regular weekly Treasury bills totaled $8.4
billion, refunding $8.2 billion of bills maturing and providing
$0.2 billion of new cash.
The new issues consisted of four
weekly issues of 13-week bills for $1.2 billion each and four
Average
rates of discount on the bills are shown in the table fol-
{including $18 million of noncompetitive tenders for $200,000
I
All of
the new bills carry 91-day or 182-day terms except the 26-week
13-week
(Additional amount of bills of
original maturity of 26 weeks)
Jane 1964
SIftMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budget
receipts and expenditures
Net
receipts
Period
Expenditures
Surplus
or
deficit
(-)
Fiscal years:
1950..
36,422
47,480
61,287
1951
1952
1953
64,671
64,420
60,209
67,850
195i
1955
1956
1957
1958
1959
1960
70,562
68,550
67,915
77,763
77,659
39,
5U
43,970
65,303
74,120
67,537
64,389
66 ,224
68,966
71,369
80,342
-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
-6,266
1962
1963
81 ,409
86,376
76,539
81,515
87,787
92,642
196i (Est.).
1965 (Est.).
88,400
93,000
98,i05
97,900
-10,005
-4,900
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
87 ,516
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
94,188
-422
-3,358
-5,842
-9,157
-3,683
7,252
-3,686
-1,452
2,727
-5,494
Dec.
3,566
7,089
10,053
3,030
7,027
8,360
1963-Jan..
Feb..
Mar.
Apr.
May..
June.
5,533
7,305
9,663
5,735
6,953
12,061
July.
Aug..
Sept.
Oct..
Nov.
3,547
7,290
10,095
3,400
Dec.
8,303
196i-Jan..
Feb..
1961
Calendar years
1950
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
i960.
1961.
1962.
1963.
Months
1962- July.
Aug..
Sept.
Oct..
Nov.
Net of
trust
and other
transactions
1/
Net
increase
Clearing
account,
etc. 2/
in
public
debt, or
decrease
(-)
99
483
-214
Net
increase in
Treasurer'
account
balance, or
decrease (-)
Levels, end of period
Debt outstanding
Treasurer'
account
balance
97
196
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
83
-257
64
-43
5,940
5,200
-3,916
8,200
8,200
311
37
4,232
-106
-319
-209
-34
-423
2,711
-U7
815
679
147
435
328
-401
-250
-303
284
522
-523
231
-194
195
633
530
-6
-145
507
-329
-50
-602
436
U8
2,047
1,839
-388
-2,299
2,096
-551
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
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
12,116
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
293,201
305,860
311,800
317,000
:
-2,771
3,779
592
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-41
101
739
-259
7,973
7,777
3,582
2,019
-4,141
376
-21
267
1,092
-691
23
-698
234
729
168
62
1,770
-1,488
603
-635
-117
179
355
622
828
83
1,015
224
109
-237
154
204
133
493
-1 ,730
-248
-304
-325
3,966
481
139
,796
-2,3U
1,075
-1 ,920
400
-53
1,221
-2,024
-1 ,645
806
-1,672
973
4,553
8,025
7,875
-581
5,952
7,301
5,877
-134
:
Mar.
Apr.
May.
.
1964 to date.
788
208
-59
-126
-15
106
457
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
542
1,857
-1,854
-516
4,346
-126
404
-270
269
-223
-529
635
-206
864
-260
-320
85
7,863
8,305
7,815
8,776
7,784
8,289
-4,316
-1,015
2,279
-5,377
-652
514
192
-7
155
93
135
76
-830
402
204
-495
383
5,853
8,047
10,148
6,609
6,136
8,492
7,521
-2,639
-130
581
7,871
7,930
7,511
526
2,277
-1,322
-1,375
77,058
88,157
-11,100
7,131
8,541
7,327
8,524
8,070
7,572
-1 ,042
-1
2,569
3,323
173
2,033
656
-1,025
1,700
31
100
-193
1,773
1,132
-770
1,961
-5,118
-152
2,938
-5,273
760
2,105
1,780
-767
1,861
607
-436
133
-1 ,989
95
3,931
-2,571
2,215
4,264
6,795
8,656
6,035
8,300
1,225
386
5,672
-3,816
8,300
-41
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, including
effects of proposed legislation, are from the 1965 Budget document,
released January 21, 1964. Revised estimates of administrative budget
receipts and expenditures for fiscal years 1964 and 1965 were submitted
to the President, by the Secretary of the Treasury and the Director of
the Budget, and announced by the White House on May 22, 1964, as
follows (in billions): fiscal year 1964, receipts $89.5, expenditures
$98.3, deficit $8.8; fiscal year 1965, receipts $91.5, expenditures
More detail for data on this page are shown in
$97.3, deficit $5.8.
succeeding tables.
see pages 12-16.
Excess of receipts, or expenditures (-). For detail,
Federal Reser/e
For checks outstanding and telegraphic reports from
beginning with June
banks; public debt interest accrued and unpaid
November 1949 as
and the fiscal year 1955 (previously Included from
.
2/
591
428
-357
392
Source:
1/
-4,051
2,151
738
-2,750
-3,111
2,531
Public
debt
Guaranteed
securities
Total
Subject to
Federal
limitation
securities
y
2
I
Jane
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous ftecelpts by Major Categories
(In mlllionfl of dollars)
Fiscal year
or month
'
Dividends
and other
earnings
Total
1957.
1958.
1959.
2,749
3,196
3,158
628
745
I960.
1961.
1962.
1963.
4,064
4,082
3,206
4,436
1964 (Est.).
1965 (Est.).
1963- July...
Realization upon
loans and
Investments
Recoveries and
refunds
Royalties
438
674
506
328
328
587
266
322
343
79
90
967
942
877
765
1,111
436
1,012
114
182
154
200
96
114
4,053
4,113
952
880
917
937
563
375
155
567
250
254
266
79
Aug
Sept...
54
38
75
104
86
27
26
Oct.
Nov.
Dec.
257
224
400
13
28
4
165
74
78
82
196a- Jan.
Feb.
Mar.
352
89
591
125
25
Apr.
May.
240
243
3,691
F, Y. 1964
to date ...
313
601
805
743
860
371
1,076
Sale of
Sale of
Governprodment
ucts
property
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
etc.
387
345
325
312
304
350
49
49
160
59
53
54
161
133
374
330
342
370
53
55
58
57
111
81
124
392
343
263
263
45
132
137
377
474
404
50
55
21
10
56
6
-19
9
10
15
16
16
11
51
18
13
131
93
121
28
86
93
20
23
16
101
100
101
110
325
94
89
437
79
82
119
125
142
255
343
83
26
58
30
6
6
9
6
7
5
4
!>
2
33
28
4
14
5
7
36
3
10
4
431
U
62
61
3
10
51
14
11
81
58
10
-13
73
72
266
92
7
10
29
36
23
24
56
32
11
27
11
17
87
40
76
34
36
13
10
20
20
29
30
12
8
835
879
765
65
293
386
126
Fines,
penalties
and forfeitures
7
63
57
13
7
9
107
62
23
14
11
35
1
12
Othe
Treasury Bulletin
.ACMINISTRAIIVE BUDGET RECEIPTS AND EXPENDITURES.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
1950
'51
'52
'53
•57
'55
'54
'58
'59
'60
'61
DOLLARS"
DOLLARS
Corporation Income and Profits Toxes
Billions
Billions
2Z5
67.5
65.0-
625-
200
65.0
-Individual Income Tax and
Ennploynnent
625
.
I'-
Taxes*
60.0-
60.0
57 5-
57.5
550-
55j0
525-
525
il
50.0-
ll
50.0
47.5-
475
45.0-
45.0
42.5
-
425
5.0
40.0
-
400
9«i
375
-
375
350-
350
3^5
325
1950
-
.
3Q0-
\
1
275
250
Vf
9
225
<>
<>
<>
200
275
250
225
9
9
<'-9 200
175
175
15.0
300
I
1950
I
52
54
a^i^i
I
'56
150
'58
'60
'62
'64
52
•54
56
62
Jane 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(in millions of dollars)
Fiscal year
or month
Executive Funds
Office
appropriated
Legislative Judiciary
of the
to the
Branch
President President
1957
1958
1959
97
99
118
I960
126
134
153
1961
1962
1963
10
39
Commerce
Department
Health
Education, Interior
and
DepartCivil
Welfare
ment
functions Department
Defense Department
Military
,
47
56
7,091
49
56
70
29
23
1.764 2/
1,808
2,053
3,968
5,419
5,929
6,669
7,735
539
498
594
676
72
25
23
4,217
3,733
6,978
5,815
786
833
50,900
50,000
1,141
1,192
5,530
5,853
1,114
1,148
330
343
415
667
546
475
385
382
5
3
320
295
264
983
75
67
52
3,843
4,047
3,916
99
106
464
97
387
89
117
117
26
111
34
24
71
-13
85
79
41
970
638
712
76
4,316
3,818
4,290
122
95
94
490
389
413
106
733
567
567
88
70
76
513
93
496
489
99
48
4,117
4,040
4,143
78
52
57
62
67
38,439
39,062
41,233
639
733
807
2,295
2,645
3,092
572
666
751
214
229
250
42,824
902
690
258
549
525
U,677
971
801
284'
831 4/
48,205
48,252
999
1,128
3,403
3,685
4,215
4,909
908
1,029
294
317
620
257
914
797
7V0
247
258
307
408
166
179
1963- July
August.
September
U
10
13
5
1
5
1
October
November
December.
13
10
13
6
2
5
1
5
31s
342
236
1964- January.
February.
March.. .
15
16
5
192
5
2>31
9
6
171
April ....
May
13
12
6
333
363
519
76
4,215
85
253
31
4, 265
75
538
210
139
59
3,485
7,544
629
44,646
1,021
4,830
.
F.
Y.
5
871
676
4:
41
65
53
U1
91
91
72
418
567
1,016
21
24
25
27
67
35
25
26
77
-224
48
21
Interest
Fiscal year
or month
On
public
debt
y
1957.
1958.
1959.
1960.
1961.
1962.
1963.
1963- July
August.. .
September
On
refunds
of taxes
Other
6/
74
69
1,990
748
2,268
765
2,173 li/ 2,541
9,180
8,957
9,120
9,895
76
33
68
74
875
987
985
1,059
57
25
27
-15
145
28
59
30
24
338
31
84
26
26
24
44
64
1,037
299
345
501
90
90
832
350
856
638
698
726
National
Veterans
AeroAdmininautics
and Spac< stration
Adm. 8/
Other
independent
agencies
District
of
Columbia
2/
34
3
8
224
794
937
293
28
50
72
66
193
-85
66
309
502
739
410
4,400
4.990
5.349
5,066
431
270
235
287
467
465
437
23
93
98
1
48
84
69
-13
-154
53
45
50
56
7
41
23
342
462
453
454
72
133
64
479
450
454
68
48
27
242
220
230
69
228
228
73
58
59
201
48
221
64
54
-79
-2
355
317
359
96
233
223
55
55
50
50
-60
452
326
414
448
1,059
2,522
684
552
361
3,666
4,982
90
964- January .
February.
925
880
7
March
907
4
78
99
6
87
7
98,405 14/
97,900 15/
744
1,257
2,552
5,250
5,401
5,392
5,173
408
387
445
466
39
131
685
600
80,697
55
5
99,089 Ut/
98,500 15/
31
77
60
4
513
76,539
81,515
87,787
92,642
71 ,936
254
229
215
56
63
694
654
633
25
107
97
87
91
77,233
82,169
88,419
93,155
940
956
145
301
372
-312
3
1
1
17
1
-15
71
1
.
.
9,725
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases, see
page II); estimates, including effect of proposed legislation, are from
Revised estimates
the 1965 Budget document released January 21, 1964.
of administrative budget receipts and expenditures for fiscal years
Secretary of the
the
by
1964 and 1965 were submitted to the President,
Treasury and the Director of the Budget, and announced by the White
house on May 22, 1964, as follows (in billions): fiscal year 1964, receipts
$89.5, expenditures $98.3, deficit $8.8; fiscal year 1965, receipts
$91.5, expenditures $97.3. deficit $5.8.
Note:
Figures in this table are for agencies as constituted at the time
expenditures were made, and therefore do not necessarily represent
For expenditures
functions which are comparable over a period of time.
Agency shifts are
by functions on a consistent basis, see Table 6.
Beginning 1957, Alaska Road
reflected in this table as follows:
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 "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fiind from
"Funds appropriated to the President" to "Independent agencies;"
Source:
1/
i/
39
30,342
245
52
23
7,863
3,305
7,315
8,788
7,734
8,315
11
26
8,776
7,784
3,289
8,573
7,641
7,883
80
120
12
8,492
7,521
7,871
7,945
7,537
15
26
7,930
7,511
8,774
616
88,157
1
beginning 1959, Federal Civil Defense Administration from "Independent
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 I960 through November 1962, and from December 1963,
through March 1964. military assistance from "Funds appropriated to
the President" to "Defense Department, military," and beginning 1962,
subscriptions to international institutions from "Treasury Department"
to "Funds appropriated to the President."
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 I960, payment
for public services.
Beginning 1957, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1).
Adjusted for reclassification.
Remaining footnotes on following page.
2/
71 ,369
8,108
8,357
7,843
1964
to date.
IV
68,966
4,805
5.098
5.232
-23
199
1,152
Total
budget
expenditures
467
567
355
69,433
570
425
359
Less:
interfund
transactions
12/
26
555
578
96
Total by
agencies
911 12/
790
829
4
899
503
Housing
and
Home
Finance
Agency
2,800
2,735
20
April.
May...
441
General
Services
Administration
1,184
1,246
865
363
903
.
2,623
2,713
2,806
2,758
Federal
Aviation
Agency
7/
212
149
October.
November.
December.
.
Atomic
Energy
Commission
7,244
7,607
7,593
10,600
11,000
1964 (Est.)
(Est.)
1%5
Y.
59
29
32
22
30
65
68
Treas\iry Department
F.
179
206
272
518
674
774
1%4
to date
1
Post
State
Office
DepartDepartment
ment ly
Labor
Department
562 2/
645
382
5,006
4,875
1964 (Est.)...
1965 (Est.)...
.
Justice
Department
4,115
4,031
4,109
11
m
Agriculture
Department
.
.
.
'
Treasury Bulletin
ADMINISTRATIVE 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 1/
Fiscal
year or
month
Total
Total
interest
Commodity
Credit
Corp
ExportImport
Bank of
Washington 2/
Housing
and
Home
Finance
Agency
1/
47
45
39
1957
1958
1959
467
567
355
456
557
342
340
24
421
181
31
I960
682
640
620
499
465
410
330
186
46
43
1962
1963
694
654
633
513
51
90
118
146
160
1964 (Est.)
1965 (Est.)
685
600
670
584
195
268
41
21
170
176
1963-July
August
September.
245
52
28
245
52
28
193
50
1
25
11
6
1961
. .
October
November
December
1
96^- January
February
March
April
May
F.Y. 1964 to date.
1
41
57
Panama
Canal
Company
Small
Business
Admin.
Tennessee
Valley
Authority
6
11
9
1
3
7
9
7
9
15
14
9
10
11
11
Veterans
Administration
4/
Under
Defense
Production
Act
y
10
14
19
24
30
42
23
32
35
6
8
6
154
20
40
47
27
32
50
50
Other
6/
Reimbursement by
Panama
Canal
Company
2/
4
4
10
9
12
7
11
8
16
18
13
12
21
26
15
16
13
12
3
Federal
intermediate
credit
Charges
for
audits
banks'
of
franchise
tax 8/
various
agencies
14
25
1
1
26
26
120
120
12
12
73
77
24
96
11
15
11
4
26
26
25
616
604
196
23
151
Source:
See Table 1
1/ By Government agencies operated as revolving funds; on loans (see "Debt
Outstanding," Table 6) and other interest-bearing U. S. investments.
2/ Excludes transactions under Defense Production Act.
Office of the Administrator for college
2/ Consists of payments by:
housing, urban renewal, prefabricated housing loans for 1955, and public facility loans beginning 1957; Federal National Mortgage Association;
and Public Housing Administration.
4/ Direct loan program.
By various agencies for programs under the Defense Production Act.
Colorado River Dam Fund, Boulder Canyon
6/ Consists of payments by the:
project; Virgin Islands Corporation; Bureau of Federal Credit Unions;
27
49
136
Civil Defense Prograju Fund; Fanners' Home Administration: Agricultural
Credit Insurance Fund (formerly the Farm Tenant Mortgage Insurance Fund),
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 I960; and St. I^wrence Seaway Development Corporation
beginning I960.
7/ For net cost of Canal Zone Government, less tolls on Government
vessels, and for part of treaty payment for use of Canal Zone.
8/ Realization on the Government's investment.
»
Less than $500,000.
Footnotep to Table 3.- (Continued)
4/
5/
6/
2/
8/
2/
10/
Beginning with fiscal 1961, administrative expenses of the employment security program are handled aa trust account expenditures
rather than budget expenditures, pursuant to the Employment Security
Act of I960, approved September 13, I960 {/^2 U.S.C. 1101); see
Table 1, footnote 12.
Reported on an accrual basis effective June 30, 1955.
Includes Reconstruction Finance Corporation except beginning July 1,
Under Reorganization Flan No. 2
1954.* 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. 2^72 (a)), approved July 29, 1958.
Consists of Federal payment and loans and advances.
For content, see Table 4, These transactions are included in the
detail of both budget receipts and budget expenditures, but are deducted from the totals (see Reporting Bases, p. II).
11/ Figures in this column differ from those published under the same
caption prior to the September I960 Treasury Bulletin because of the
exclusion of certain interfund transactions {-see footnote 10),
12/ 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 from January 1, 1957, until
January 1959 when they were classified as Government-sponsored enterprises (see "Trust 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.
12/ 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 $3/U. 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
"Consolidated Cash Transactions," Table 2 and "Debt Outstanding, "Table 1.
1A/ Totals include $250 million allowance for contingencies.
15/ Totals include $300 million allowance for contingencies, $250 million
allowance for attack on poverty, and $5^4 million for comparability pay
adjustment.
*
Less than $500,000.
Jane
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies
as of April 30, 1964
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Additions
Unexpended
balances
brought forward
July 1, 1963
Agency
1/2/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 2/
Agriculture Department
Commerce Department
Defense Department:
Military 7/
Civil
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 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
Total
,
Authorizations
Other authorito expend from
zations
debt receipts /^
172
66
-16
156
25
66
25
15,867
3,206
1,151
3,312
6,985
804
22
-17
3,312
7,548
792
30,179
48,9U
48,9U
320
1,146
1,146
2,084
4,901
1,138
4
3U
381
331
652
353
11,861
2,743
813
629
847
5,100
5,535
97
85,936
97,399
-1
-20
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President 7/
Agriculture Department
;
Commerce Department
Defense Department:
Military 7/
Civil
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 pa3nnent and loans to
Adjustment to monthly statement of receipts and
expenditures of the Government
150
1,114
76
54
,
Certain interfund transactions
Total budget expenditures
-125
1,197
98,470
Unexpended balances April 30,
Undisbursed
appropriations
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
1964-
Investments
held
18
3,12i
7,291
598
1
10,120
1,423
6,020
1,930
3
341
300
-85
108
197
38,707
521
160
38, 547
40,386
ID
511
Total 2/
104
17
9
16,140
3,462
1,342
84
17
9
127
ft
»
4,619
954
273
2,366
607
104
321
437
330
332
636
163
2,170
9,865
2,300
630
71
10
2,024
780
791
1,139
4,037
1,640
1,349
124
163
69,870
10
502
420
3,340
144
4,534
137
39
2,366
22
115
7U
7
104
382
636
163
2,419
2,024
787
250
2,931
803
U9
14
117
381
27,779
3,552
1,806
8,368
431
10,
791
13,240
4,037
2,188
12,693
124
-7 10/
31,237
Total
Deduct:
Rescissions,
cancellations,
and other
adjustments 8/
-121
495
Deductions, fiscal year 1964, to date
Expenditures
4,901
1,162
18
3U
652
354
11,861
2,743
833
629
473
5,100
5,385
1,106
76
12,958
2,278
1,186
11,786
Agency
6/
3
541
Transfers,
borrowings,
investments
Total
^
5
536
33
322
420
140
425
1,581
603
675
.
fiscal year 1964 to date
Increase
Appropriations
2/
81
,
,
,
103,007
590
3,646
Details for the current fiscal year to date
Source:
Bureau of Accounts.
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.
3/
Consists of authorization by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts),
or (") 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.
6/ Consists of transfers between appropriations; net borrowings from, or
repayments to (-), the Treasury and the public under authority to
2/
8/
2/
10/
»
expend from debt receipts; and net investment in, or sale of (-),
public debt securities and certain guaranteed securities issued by
Government enterprises.
Transactions for Foreign assistance-military are shown under Funds
appropriated to the President.
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
the
data used in the monthly statement of receipts and expenditures of
Government
Less than |500,000.
8
Jane
1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
-
(Continued)
(Fiscal years; in millions if dollars)
1964 thrtnigh April 1/
Functions
Interest!
Interest on the public debt
Interest on refunds of receipts
Interest on uninvested funds
Function
code
number
851
852
853
Total Interest
General government;
Legislative fxuictions
Judi cial functi ons
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
904
905
906
908
910
1959
19«)
1961
1962
1963
Expenditures
7,593
9,180
76
69
8,957
83
10
10
2_
Unexpended
balances
end of
period 2/
1,774
14
3,826
75
9,120
68
9,895
74
10
11
10
2
1,790
7,671
9,266
9,050
9,198
9,980
8,911
132
47
109
49
118
135
131
63
106
81
57
54
17
21
18
640
489
157
278
137
8
211
20
52
22
255
86
558
372
84
263
88
607
372
140
289
109
22
653
419
153
300
136
715
444
142
323
139
1,466
1,542
1,709
1,875
1,979
80,697
77,233
82,169
88,419
.93,155
81,237
355
694
654
633
513
590
80,342
75,539
81,515
87,787
92,642
80,646
21
566
295
95
774
16
106
58
Undistributed
Total
Certain interfund transactions Included In
both expenditures and receipts
103,007
Less:
Budget expenditures
C
see tabl e 3
Expenditures for 1964 are from reports received from disbursing,
Source;
collecting, and administrative agencies of the Government, on the monthly
statement reporting basis (see page II). They are classified in
accordance with classifications used in the 1965 Budget document, Table
18, as nearly as can be done on an individual appropriation and fund
item basis. Prior year figures are from the same source but have been
adjusted below the appropriation level in some instances by the Bureau
Where current classifications differ
of the Budget for use In Table 18.
Revolving fund transactions are
on this account, they are footnoted.
Included net in the expenditures.
1/ For e3q>endlture3 by major functions for fiscal 1964 through May 1964,
Details by
and fiscal 1963 through May 1963, see "Note" below.
functions are not available for publication in this issue but will
appear in the July 1964 Bulletin.
expended,
s/ For description of items Included, see Table 5. Although not
a substantial portion of these amounts Is obligated for outstanding
purchase orders and contracts for equipment and supplies, for payrolls,
and for similar items.
See footnote 4. •
Expenditures for 1964 include those for assistance for elementary and
secondary education applicable to functional code 701 and other aids
These .expenditures
to education applicable to functional code 704.
made from "Defense Educational Activities, Office of Education."
V
V
were
Expenditures for 1964 include those for veterans' nonservice-connected
pensions applicable to functional code 802 and other veterans' beneThese expendifits and services applicable to functional code 805.
tures were made from "Condensation and Pensions, Veterans Administratlon."
6/ See footnote 5.
Note:
Expenditures by major functions see footnote 1.
Functions
1964 through
May 1964
1963 through
May 1963
(In millions)
National defense
International affairs and finance
Space research and technology
Agriculture and agricultural resources
Natural resources
Commerce and transportation
Housing and community development
Health, labor, and welfare
Education
Veterans' benefits and services
Interest
General government
Total
Less:
Certain interfund transactions.
Budget expenditures
r
Revised.
91
4,311
1,226
4,994
9,818
2,056
48,139
2,355
2,253
6,532r
2,152
2,552
32
4,419r
1,149
4,801
9,109
1,811
88,774
85,403
48,485
1,920
3,666
6,777
2,239
2,692
616
476
88,157
84,927
10
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
Fiscal
Type of tax
Jme 1964
11
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(
-
(Continued)
In thousands of dollars)
First three quarters
of fiscal year
Fiscal year
Type of tax
1962
1963
1963
Third quarter
of fiscal year
1963
1964
;
Mlseellaneous 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 b/
Sugar
Diesel and special motor fuels 4/ 7/
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
11
j
I
j
V
Total miscellaneous excise taxes
Total received with returns and from sale of stamps
I
Undistributed depositary receipts &/
Unapplied collections
Total excise taxes
1/
2/
3/
V
39,169
35,606
69,452
42,789
39,794
71,097
33,215
30,042
49,758
36,584
31,110
53,411
9,154
9,912
14,871
1:1,080
350,566
492,912
364,618
515,987
306,477
424,847
86,799
125,532
101,266
155,125
49
262,760
568
6,679
9
9
84,104
237
5,196
7
76,989
1
1
54,351
27,958
96,636
105,178
1,089
4,794
14,824
4,184
12
99,903
113,012
1,153
5,013
15,240
4,897
580
5,349
5,167
275,931
389,952
6
203,954
337
4,787
14
76,128
85,971
658
3,445
12,208
3,703
387
3,956
79,761
99,481
80,139
83,820
3
2
233,928
451
6,5U
6
531
32
66
1,570,258~
7
54
1,619,656"
38
1,254,633
96,965
711
3,686
13,387
4,209
464
4,033
34
1,226,331"
9,872
15,918
80
55
1,557
1,603
4
7
23,284
30,825
174
267
882
299
24,a6
57
74
1,188
1,328
18,624
32,767
Ul
313
527
324
15,
3U
10
8
378,014
396,984
12,650,707
13,343,486
10,017,611
10,403,922
3,295,083
3,400,934
98,351
62, 541
5,103
-56,098
-78,133
-94,204
3,117
3,710
1,951
14,711
124
13,157
3,217,074
3,319,888
12,752,176
Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island possessions.
Floor stocks taxes are included with the related classes of tax.
Full detail is published monthly by the Internal Revenue Service.
Beginning October 1, 1961, the -Bureau of Customs was authorized to
accept and deposit payments of internal revenue taxes on tobacco items
inported 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.
Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc. ), deeds of conveyance, and policies
issued by foreign insurers.
Collections reflect the provisions of the Highway Revenue Act of 1956,
approved June 29, 1956 (23 U.S.C. 120 note).
Source:
1964
Jan. -Mar. 1963) ;jan.-Mar. 1964)
13,409,737
^/
6/
7/
8/
»
10,024,664
10,362,536
Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 U.S.C. 4292 note).
The tax of 3 cents per pound, applicable to the first domestic
processing of coconut oil and other vegetable oils, which was suspended from October 1, 1957, through June 30, 1963, under acts approved August 30, 1957,' May 29, 1959, and April 22, I960, 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.
r Revised.
Less than $500.
...
,.
.
.
12
Treasury Bulletin^
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures
(-
receipts
Net
expenditures
1/
1/
Net sale, or investment
( by Government
agencies in public debt
securities 2/
) ,
Net sale, or redemption
(-), of securities of
Government agencies in
the market
1957
1958
1959
195
633
-329
1,363
829
-2,751
14,301
16,153
16,769
12,938
15,325
19,521
-2,339
-597
1,130
1,171
400
1,293
1960
1961
1962
1963
-50
-602
436
97
-870
790
-851
1,143
20,342
23,583
24,290
27,689
21,212
22,793
25,141
26,545
-925
-855
-493
-2,069
1,746
-537
1,780
1,022
(Est.)...
1965 (Est.)...
848
1,500
30,163
30,872
29,315
29,372
-2,446
-2,338
1,681
-257
1963- July
August. .
September
192
-7
155
-1,232
1,449
-685
1,419
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
575
171
328
265
October.
November
December.
93
135
76
-1,304
795
-431
1,289
2,749
2,230
2,592
1,955
2,661
1,101
-431
-260
296
-179
767
1964-January.
February.
March. ...
-130
-1,169
1,642
103
1,088
3,705
2,330
2,257
2,063
2,227
1,328
-830
-167
-289
-230
24
-993
2,677
1,942
4,744
2,935
2,067
1,491
-3,230
109
117
196/1
83
581
-a
April...
May
607
-436
Source:
Actual figures are from the monthly statement of receipts and
expenditures of the Government (for explanation of reporting bases,
estimates are from the 1965 Budget document, released
see page II)
January 21, 1964, including effects of proposed legislation.
1/ Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details see
Table 6.
;
581
2/
Includes guaranteed securities (see Table 4).
Note:
Figures In this table differ from those published prior to
August 1963 for shifts in classification including security transactions of Government-sponsored enterprises from deposit fund account
expenditures to net investment by Government agencies in public debt
securities, and net redemption of agency securities in the market; and
certain deposit fund account receipts from net receipts to net
expenditures.
Table 2.- Trust Receipts
(In millions of dollars)
Dis-
Fed.
Fiscal year
or month
FOASI
Trust
ability
Fund
Trust
Fund
Ins.
Railroad
Retirement
Account
Unemployment
Trust
Fund
1957
1958
1959
7,101
7,824
8,109
339
943
929
723
695
758
1,912
1,855
1,997
1960
1961
1962
1963
10,360
11,824
12,011
13,856
1,062
1,083
1,092
1,145
1,403
1,051
1,081
1,128
2,703
3,803
3,985
4,261
1964 (Est.)...
1965 (Est.)...
15,846
16,271
1,198
1,228
1,202
1,279
1963-July
August.
September
493
2,203
36
160
77
October.
November.
December.
442
1,534
1,218
35
112
1964- January
February,
March, , .
112
2,170
1,380
7
159
99
92
1,042
2,970
81
217
.
.
April..
May
.
974
104
National
Service
Life Insurance
Fund
Government
Life
Insurance Fund
Federal
employees'
retirement
funds
Highway
Trust
Fund
Other
trust
receipts
1/
Total
trust and
other
receipts
Less:
Interfund
trans-
Net
trust and
other
actions receipts
.2L.
2/.
608
640
634
69
67
63
1,397
1,458
1,741
1,482
2,044
2,088
681
638
585
14,311
16,164
16,904
643
668
664
658
61
58
54
52
1,766
2,033
2,086
2,255
2,541
2,800
2,955
3,293
711
778
ago
1,546
21,250
24,097
24,818
28,193
908
515
528
505
20,342
23,583
24,290
27,689
4,191
3,933
667
664
50
48
2,391
2,400
3,484
3,510
1,623
2,017
30,651
31,349
438
477
30,163
30,872
13
88
52
256
743
108
44
45
2
168
1
1,420
3,893
1,831
6
34
161
179
298
344
1
1
1,419
3,887
1,830
34
84
68
187
460
162
47
1
33
40
1
15
53
2
34
42
1
70
234
735
114
17
90
256
399
39
37
2
V
Source: See Table 1.
1/ Includes principally District of Columbia receipts fro:ii taxes and
from Federal contributions, loans, and grants; funds appropriated to
the President - military advances under foreign assistance prograjns
and mutual security trust funds; certain Department of Agriculture
receipts; 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
1
2
1
2/
i/
10
11
135
14,301
16,153
16,769
303
109
148
104
159
177
175
287
282
302
97
72
177
1,290
2,755
2,246
6
16
1,289
2,749
2,230
204
164
185
233
290
265
186
190
1,096
3,717
2,345
8
12
16
1,088
3,705
2,330
167
256
306
63
1,946
4,751
4
7
1,942
4,744
71
77
1
1
of both trust receipts and trust expenditures, but are deducted from
the totals.
Excludes certain interfund transactions consisting mainly of financial
interchanges between trust funds resulting in receipts and expenditures ( see footnote 2 )
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 Employment Security Act of 1960,
approved September 13, 1960 (42 U.S.C. 1101 (b)); see "Administrative
Budget Receipts and Expenditures," Table 1, footnote 12.
1964
IJatie
13
,
TRUST AND OTHER TRANSACTIONS
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
(In millions of dollars; negative figures are excess of credits)
Trust and deposit funds
Fiscal year
or month
Federal ^Id-A^e
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
1957
1958
1959
6,665
1
8,041
181
9,380
361
I960
1962
1963
1,073
1,752
3,270
4,530
746
1,089
1,259
1964 (Est.;...
1965 (Est.)...
5,359
6,091
1,345
1,428
1963-July
August...
September
1,224
100
91
1,221
1,227
101
101
96
October.
November
December.
1,222
1,217
1,179
105
10?
170
964- January
February.
1,234
1,253
1,272
1,273
1,273
1961
1
.
March
. .
.
April
May
682
730
778
86
120
80
1,136
1,124
1,135
1,112
2,736
4,734 2/
3,906
3,815
582
707
626
747
83
94
96
1,129
3,555
3,443
565
430
91
282
195
206
92
95
92
103
106
107
99
102
108
107
1/
Other
operations
699
792
966
1,512
2,613
896
955
1,063
1,183
2,945
2,620
2,784
3,017
68
1,3U
3,551
57
1,499
3,650
39
6
35
33
5
314
357
390
-32
-18
5
106
109
108
230
256
292
36
30
32
5
111
-1
5
103
108
414
382
345
205
37
39
5
110
108
241
179
94
422
572
443
5
115
226
96
99
314
227
37
114
113
222
242
1,1U
79
591
4
17
32
Government-sponsored enterprises (net) 4/
Total
trust and
deposit funds
Farm
Credit
Administration
^
Federal
home loan
banks
Federal
Deposit
Insurance
Corporation
Total
trust
and
other
expenditures
41
929
102
176
3
-42
42
-16
946
-73
317
-730
30
138
27
53
14
1
3
-19
Less:
Interfund
trans-
actions 6/
-9
-13
-16
-10
4
-3
-6
Net trust
and other
expenditures
7/
135
12,938
15,325
19,521
182
-487
872
363
-134
-148
-154
146
23,546
24,577
26,365
437
396
374
483
484
-239
1,092
685
22,120
23,308
25,669
27,050
908
515
528
505
21,212
22,793
25,141
26,545
-116
-17
28,336
29,738
447
413
1,200
-100
-180
-202
1,467
111
29,303
29,849
488
477
29,315
29,372
79
114
46
-85
-104
-16
2,124
2,112
2,218
69
-18
7
528
332
298
2,652
2,444
2,516
1
115
6
2,651
2,438
2,515
81
60
-172
-9
2,354
2,075
2,319
240
-115
358
2,594
1,960
2,677
6
16
2,592
1,955
2,661
103
82
99
-79
-112
2,454
-95
322
2,309
2,265
2,075
2,242
12
16
2,257
2,063
2,227
77
276
-51
2,523
2,102
2,940
2,074
1962
1963
697
835
1,208
1964 (Est.)...
1965 (Est.)...
1,506
1,875
1963-July
August. .
September
October.
November.
December.
63
66
1964- January.
February.
March. . .
2/
3/
Financing
by Treasury
12,947
15,335
19,655
1961
1/
Fund
f'ortgage Assoc.
46
-627
1,292
711
216
12,901
-31
-61
15,962
18,363
-75
205
-544
21 ,636
2,
-161
1
458
235
290
-1
244
-115
-13
23
372
12
106
49
-144
-118
3
-189
-247
-67
129
292
-4
-15
417
-27
-281
76
See Table 1.
Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-), or repaid to the Treasury, are shovm in a separate
coliunn (and correspondingly are reflected net in budget expenditures).
See Table 2, footnote 4.
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - military advances under foreign assistance programs and mutual security trust funds; Indian tribal funds;
expenditures chargeable against increment on gold; and trust enterprise
funds (net).
The Railroad Unemployment Insurance Administration Fund
is included through November 1958 (see Table 10, published quarterly),
the Employees' Life Insurance Fund (net) and the Employees' Health
Benefits Fund (net) beginning 1961.
Source:
Trijst
-104
-115
-124
i960
. .
(net)
Federal National
Highway
-124
-628
854
565 8/
915 8/
672 3/
.
Deposit
funds
Federal
employees
retirement
funds
274
116
562
1957
1958
1959
April
May
1,6a
Government
Life
Insurance
"^nd
515
544
562
561
Other
trust 2/
National
Service Life
Insurance
Fund
3,148
3,054
Trust and deposit
funds-(Continued)
Fiscal year
or month
Unemployment
Trust
Fund
4/
h/
u
^
1
-4
-23
-1
-57
-72
10
11
1
1
2,935
2,067
Previously shown as deposit funds (see Table 1, Note).
Includes banks for cooperatives. Federal intermediate credit banks,
and Federal land banks.
For content see Table 6. These transactions are included in the
detail of both trust receipts and trust expenditures, but are deducted
from the totals.
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1, 1957, until
January 1959, when these banks were classified as Government-sponsored
enterprises.
...
...
,
u
Treasury BuUetini
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars; negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total 1/
Total
trust
accounts,
etc. 1/
Federal
Old-Age and
Survivors
Insxirance
Trust Fund
Railroad
Retirement
Account
325
729
552
36
-33
-35
274
-1,255
-1,011
95
76
494
285
-41
-952
72
456
1957
1958
1959
2,339
597
-1,130
-1,232
220
-499
-1,290
19to
1961
1962
1963
925
855
493
2,069
760
707
301
1,782
-726
-225
-1,089
-821
21
264
-78
-63
-129
1
1964 (Est.)
1965 (Est.)
2,446
2,338
2,158
-147
-204
85
1,8a
487
125
-1,253
1,784
-575
-1,270
1,769
-594
-726
1,004
-275
-72
46
-4
October.
November.
December.
-1,101
481
260
-1,072
492
235
-793
252
77
-71
-13
-49
1964- January.
February.
March. . .
-1,328
830
167
-1,345
822
273
-884
443
246
-1,491
3,230
-1,510
3,079
-707
1,882
1963- July
August. .
September,
.
April.
.
.
May
2,302
506
National
Service
Life
Insurance
Fund
Federal
Disability
Insurance
Trust Fund
Unemployment
Trust
Fund
Government
Life
Insurance
Fund
Federal
employees'
retirement
funds
-16
-56
-17
958
62
-44
44
-90
-21
-35
871
1,063
-U
136
629
475
102
234
-71
-7
-53
-125
642
-100
6
-42
-18
-98
247
9
-21
-126
7
-80
4
16
-78
-19
-151
-9
-286
170
-225
-51
-84
-10
-205
772
3
99
89
803
671
5
5
1
1
3
PXind
404
418
-393
Federal
intermediate credit
banks 2/
Other
trust
accounts,
etc. 1/
28
-24
97
99
-100
-428
45
1,034
1,075
233
202
242
93
-19
1,031
886
-68
-140
-4
-3
-4
67
62
68
-22
-157
-31
-40
-3
-4
-4
47
68
64
-82
-87
-46
-99
41
-60
-14
-3
-5
94
68
112
104
93
86
-3
-3
56
55
48
-279
-10
-25
6
Highway
Trust
27
301
-122
33
48
57
75
Trust accounts, etc. -( Continued)
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
1957
1958
1959
Total
Governmentsponsored
enterprises
1/
39
460
-70
Banks
for
cooperatives
Federal
Federal
Deposit
home
Insurance loan
Corp.
banks
104
115
124
-67
346
-299
134
148
154
102
287
-122
612
Federal
land
banks
Federal
intermediate
Tedit
Total
public
enterprise
banks 2/
funds
105
Federal
Housing
Administration
36
91
102
78
166
149
191
287
83
127
Federal
intermediate
credit
banks 2/
-cO
Produc-
Federal
National
Mortgage
corpora- Associations 2/ tion 2/
tion
credit
-40
Federal
Savings and
Loan Insurance Corp.
51
25
6
53
14
19
17
62
97
-32
36
42
-27
18
34
229
269
Tennessee
Valley
Authority
14
14
18
1960
1961
1962
1963
239
434
1964 (Est.)
1965 (Est.)
180
304
180
202
100
237
497
1963- July..
-412
Aug. .
Sept..
2
-34
-1
18
-7
-411
-15
-27
17
16
19
25
11
20
Oct...
59
4
55
-29
-1
1
Nov. .
Dec...
23
1
-23
392
4
23
-10
-3
1
393
-29
-12
26
1964- Jan...
Feb...
Mar...
-119
-36
88
57
72
-3
-176
-109
-1
6
13
91
-106
-113
-5
-9
-287
204
4
15
-292
188
19
151
24
101
-3
-2
30
771
Apr.
May.
.
.
K
161
Source:
See Table 1.
1/ See Table 1, Note.
2/ See Table 3, footnote 8.
2/ Managment and liquidating functions as provided by the Housing Act of
2
1
3
1
-59
250
349
51
-12
-29
-10
V
18
22
-18
19
13
29
-2
4
It
1
6
28
-3
24
Investment includes
1954, approved August 2, 1954 (12 U.S.C. 1721)
guaranteed securities.
See also footnote
Includes net transaction in guaranteed securities
Less than $500,000
3.
'
Jane
1964
15
.TRUST AND OTHER TRANSACTIONS.
Table 5.- Sales and Redemptions of Government Agency Securities In Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total
Total 1/
guaranteed
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterpris
fund
D.
Public enterprise funds
Total not
guaranteed
C.
stadium
fund
1/
1957
1958
1959
-1,171
-400
-1,293
-33
6
-10
-33
6
-10
I960
1961
1962
1963
-1,746
-1,780
-1,022
-29
-100
-204
-162
-28
-81
-204
-162
196i (Est.)...
1965 (Est.)...
-1,681
-581
-143
43
-143
43
-1,539
-625
1963- July
August...
September
-171
-328
-265
-41
-27
-19
-41
-27
-19
-130
-301
-246
October.
November.
December.
-296
179
-767
-12
-13
-24
-12
-13
-24
-284
192
-743
196A-January.
February.
March, . .
289
230
-20
-31
-25
309
261
-24
-20
-31
-25
-109
-117
16
-23
16
-23
-125
-95
537
April
May
-1,137
-406
-1,283
-19
Federal
National
Mortgage
Association 2/
(
Home
Owners'
Loan
Corporation
136
-233
6
-1,717
638
-1,576
-860
Securities not guaranteed by the United States Public enterprise
funds - Cont.
Federal
intermediate
credit
banks 2/
797
Continued)
Government-sponsored enterprises
Trust enterprise funds
(
Fiscal year
or month
Tennessee
Valley
Authority
Federal
intermediate
credit
banks 2/
-238
-225
53
1957
1958
1959
Federal
National
Mortgage
Association
Banks
for
cooperatives
4/
-950
-115
-125
-46
-20
-86
191
282
-554
-46
-52
-48
-29
-284
1960
1961
1962
1963
-50
-95
-994
86
-359
597
1964 (Est.)...
1965 (Est.)...
-75
-75
183
-135
-40
-40
1963-July
August.
September
-25
10
33
-14
.
October,
November.
December.
18
-13
3
1964-January.
February.
March. . .
April.
May
.
Federal
home
loan
banks
..
Source:
See Table 1.
1/ See Table 1, Note.
2/ 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
Government-sponsored enterprise thereafter.
Federal
intermediate
credit
banks 2/
-340
-250
-220
-192
-1,200
-227
-235
-180
-140
-46
-220
-264
-69
-30
-71
-299
-975
5
-63
-764
92
114
76
3
320
389
27
-12
-54
-52
-100
-87
-89
It
4
48
82
10
2/
Management and liquidating functions.
Secondary market operations.
Less than $500,000.
-174
-1
-52
-22
23
-230
-95
-242
-144
-124
-132
-278
200
-750
15
91
2
Federal
land
banks
-39
-52
-91
3
...
Treasury Bulletin
16
.TRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
1957
1958
1959
12i
I960
1961
1962
1963
600
332
361
423
196i (Est.)...
1965 (Est.)...
423
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/ 2/
Unemployment
Trust
Fund 4/
Federal
employees'
retirement
funds
y
District
of
Total
Columbia 6/
3
as
9
10
1
6
13
22
211
132
101
38
86
32
37
9
18
10
13
23
21
1963-July
August..
September
196^- January.
February.
March.
^
y
6/
488
477
1
6
1
1
1
1
1
6
16
1
8
1
1
12
15
16
2
4
2
7
account Is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus Interest to the Railroad Retirement Account.
See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
en^jloyees' salaries to the Civil Service Retirement and Disability
Fund.
»
515
528
505
1
.
Source;
See Table 1.
1/ Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been Included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
2/
Survivors Insurance Trust Fund for administrative expenses.
J/ Includes ten^orary advances to the Railroad Unen^jloyment Insurance
Account In the Unemployment Trust Fund when the balance in the
16
908
12
7
11
. .
.
U
1
1
October.
November.
December.
April.
May
10
12
12
13
10
11
135
Less than $500,000.
Jane 1964
17
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
and payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
United States (in the Budget for 1965 in Special Analysis A).
payments are made.
Shovm also is the aEOjnt of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
issuance of a few special public debt securities.
Revisions of the figures for
earlier years have been made where necessary to make them as
nearly conparable with current Budget classifications as available data will permit.
For this reason certain of the figures
differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin.
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
the United States.
Receipts and payments include transactions
both in administrative budget accoonts and in trust and deposit
fund accoimts.
Major intragovemmental transactions which are
reported as both expenditiores and receipts are excluded from
These itans consist of certain interest
Checks
outstanding, deposits in transit, and other clearing accounts
are excluded from payments.
Receipts from the exercise of
monetary authority are excluded as not representing cash
received from the public.
Federal cash borrowing from the
public includes net borrowing ty the Treasury through public
debt transactions and also net borrowing by Government agencies
and Government-sponsored enterprises through sales of their
own seciirities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
net effect of all these transactions with the public is reflected in changes in the balance in the Treasurer's account
and in cash held outside the Treasury.
s
..
Treasury Bulletin
18
CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
Administrative budget
receipts
Trust
and other
receipts
(net)
(net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Less:
Federal payments to the public
Intragovem-
Total
Federal
receipts
from the
Administrative budget
expenditures
(net)
public
Total
Federal
payments
to the
Trust and
other
expenditures (net)
mental and
other
noncash
transactions
(See Table 2)
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
80,006
83,472
94,752
94,328
99,542
107,662
113,751
2,099
-1,580
-13,092
750
-2,300
-5,797
-4,012
122,704
122,690
-8,338
-2,948
10,045
11,287
9,549
10,740
9,812
10,069
-5,353
-328
2,102
-6,318
-194
433
-3,219
2,132
2,778
-1,829
1,119
-8,676
public
70,562
68,550
67,915
77,763
77,659
81,409
86,376
14,301
16,153
16,769
20,342
23,583
24,290
27,689
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
82,105
81,892
81,660
95,078
97,242
101,865
109,739
68,966
71,369
80,342
76,539
81,515
87,787
92,642
12,938
15,325
19,521
21,212
22,793
1964 (Est.)
1965 (Est.)
88,400
93,000
30,163
30,872
-4,197
-4,130
114,366
119,742
98,405
97,900
29,315
29,372
-5,016
1963-July
August
September
October
November
December
3,547
7,290
10,095
3,400
7,131
8,803
1,419
3,887
1,830
1,289
2,749
2,230
-273
-216
-274
-266
-264
-530
4,693
10,960
11,652
4,423
9,617
10,503
7,863
8,305
7,815
8,776
7,784
8,289
2,651
2,438
2,515
2,592
1,955
2,661
-468
5,853
8,047
1,088
3,705
2,330
1,942
6,628
11,525
12,168
8,334
10,652
8,492
7,521
-902
-191
-707
7,930
7,511
2,257
2,063
2,227
2,935
2,067
-703
-45
9,848
9,393
9,390
10,163
9,533
101,154
88,157
26,362
-4,689
109,829
1964- January
February
March
April
May
6,609
6,136
4,7U
-313
-228
-309
-217
-227
77,058
27,213
-3,117
10,
Fiscal year 1964 to date
US
Plus:
7,871
25,
Ul
26,545
-4, 581
545
-781
-629
73
-881
Cash borrowing from the public, or repayment (-)
Equals:
Cash balances,
net increase, or
Change in securities held by the public
Fiscal year
or month
Public
debt increase, or
decrease (-)
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
Net sales
of Government agency
securities in
market 1/
Net in-
vestment
in securities by
Government
agencies 2/
Total
securities
held by
the public,
increase, or
1,171
400
1,293
1,746
-537
1,780
1,022
-2,339
-597
1,130
-925
-855
-493
-2,069
-3,392
5,619
10,785
5,940
5,200
1,681
-2,U5r
581
-2,338
1963-July
August ....
September.
October.
November.
December.
-1,025
1,700
1,253
-1,784
-193
1,773
1,132
171
328
265
296
-179
767
1964- January..
February.
March. ..
April
May
-770
1,780
-767
-1,989
3,931
-289
-230
24
109
117
1,328
-830
-167
1,491
-3,230
5,672
1,378
-1,005
.
.
Fiscal year 1964 to date
100
575
1,101
-481
-260
Noncash
debt
transactions
(See Table 2)
decrease (-)
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
1964 (Est.).
1965 (Est.).
Equals:
Fxcess of
cash
receipts from,
or payments
to (-), the
public
Total
cash
Plus:
borrowing
from the
public,
or repayment (-)
decrease (-)
Seigniorage
Treasurer'
account
2/
140
-23
-4
-222
118
-74
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
50
55
-3,916
-5
-3,921
271
2
4
-5,118
-152
2,938
-5,273
760
2,105
39
128
839
1,126
949
1,511
-151
-5,079
-196
2,947
-5,186
759
1,953
-2,571
2,215
84
194
-23
335
-333
-3,027
2,724
1,838
-2,235
1,883
-3,816
197
-3,619
1,248
10,517
6,612
-3,100
5,820
8,626
1,848
712
9,594
5,579
45
5,176
3,443
-810
-550
4,366
2,893
399
244
941
1,204
1,112
1,639
-128
-116
-101
-78
-163
-128
269
720
-86
-133
-35
-22
-61
183
586
9
6
6
-3,111
2,531
-946
-411
758
5
6
-1,051
4,994
63
-911
-389r
819
6,046
Source: Actual figures are based on the monthly statement of receipts and
expenditures of the Government and the 'daily Treasury statement (for
explanation of reporting bases, see pagell); estimates, including effect
of proposed legislation, are from the 1965 Budget document released
January 21, 1964.
1/ See "Trust and Other Transactions" Table 5, for net sales and redemptions
of Government agency securities in market.
2/
2/
r
Total
changes
in the
cash
balance
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
49
292
200
-2,160
-597
-536
-923
-1,033
2,U6
Cash held
outside
the
Treasury
59
U
53
55
58
5
6
5
9
1,861
5
-43
9
87
<t
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes increment resulting from reduction ih the weight of the
gold dollar; excluded from receipts from the public but included
in cash deposits In the Treasurer's account,
Reviaed.
,
Jane
1964
19
CONSOLIDATED CASH TRANSACTIONS
Table 2.- Intrasovernmental and Other Noncash Transact ion?
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement X/
Interest
on trust
fund
investments
Payroll
deductions
for employees
1,318
1,342
1,315
1,327
1,404
1,423
1,467
641
660
744
838
845
914
838
845
914
1,578
1,657
941
954
954
4
41
December
62
49
302
77
76
83
77
81
81
1964-January
February
March
11
50
12
Fiscal year
or month
Flsral year:
1957
1958
1959
1960
1961
1962
1963
196i (Est.)
1965 (Est.)
1963-July
August
September
October
April.
May
Fiscal year 196A to date.
525
579
744
7a
7U
Noncash
debt
transactions
relating
to receipts
Other 2/
66
37
75
54
74
102
88
158
133
103
105
792 A/
561
Seigniorage
2/
Total
receipts
adjusts
ments
2,709
2,751
2,980
2,975
3,945
3,776
4,281
49
59
58
45
2,758
2,811
3,025
3,027
4,001
3,834
4,326
4,147
4,075
50
55
4,197
4,130
2
9
273
216
274
266
264
530
44
53
55
94
134
378
77
26
4
7
4
87
16
82
39
81
81
3
1
46
86
78
90
27
94
78
90
3
13
110
303
222
304
9
6
6
313
228
309
U
85
85
-15
78
78
1
14
9
212
222
5
56
6
217
227
6^6
890
890
61
568
3,055
63
3,117
13
NoveiQber
Employers'
share
Federal
payments
to District
of Columbia
941
77
76
83
86
592
271
213
269
259
259
521
57
1
4
5
6
5
Noncash debt transactions relating to payments
Fiscal year
or month
Fiscal year:
1957
1958
1959
1960
1961
1962
1963
,
,
,
,
,
,
1964 (Est.)...
1965 (Est.)...,
1963-July
August..
Intragovernmental
transactions
(See
above)
2,709
2,751
2,980
2,975
3,945
3,776
4,281
Interest
increment
on savings
and retirement plan
bonds
(net)
Discount
on
securities
(net) 6/
y
336
385
383
136
430
496
577
Adjusted
service
and
armed
forces leave
bonds 2/
United
Nations
funds
bonds
2/
International
Monetary
Fund 7/
-674
52
418
205
-209
145
119
772 10/
4,075
603 10/
55
70
25
58
58
14
14
-52
U
September.
October. ..
November.
December.
75
32
52
1964-January..,
February.
March
303
222
304
76
84
18
April
May
212
222
38
22
-36
a
-1
3,055
563
270
42
Fiscal year 1964 to date,
u
-131
4,U7
35
50
81
International
Development
Association
2/
271
213
269
259
259
521
,
.,
InterAmerican
Development
Bank
16
50
22
47
48
13
9
58
-22
22
10
44
13
-1
25
25
Total
noncash
debt
transactions
relating to
payments
Accrued
interest
on the
public
debt %/
Che.cks
outstanding
and
certain
other
accounts 2/
Total
payments
adjustments
..
,
.
Treasury Bulletin
20
.
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 Statee reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt traj^sactlons.
The working cash of the Treasury
Is held mainly In
Treasurer's accounts with Federal Reserve Banks and branches.
the same bank.
On occasions, to the extent authorized by the
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
they are
The tax and loan account system permits the Treasury
restored by ceLlllng In (transferring) funds from the tax and
loein accounts with thousands of commercial banks throughout
to leave funds In banks and In the communities In which they
As the balances In these accounts become depleted,
the country.
Deposits to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
arise until such time as the Treasury needs the funds for Its
operations. In this way the Treasury Is able to neutrallie
the effect of Its fluctuating operations on bank reserves
and the economy.
payments and funds for the purchase of Govsrnment securities.
A detailed description of the Treasury's deposltso-y
system may t>e found In the Annual Report of the Secretary
In most cases the transaction Involves merely the transfer of
of the Treasury for 1955,
money from a customer'
s
pages 275-284.
account to the tax and loan aooount 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
1957
1958
1959
498
^10
I960
1961
504
i08
1962
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
4,082
8,213
3,744
489
106
109
612
6,458
5,453
8,815
1963
306
1962-December,
Total
operating
balance
Silver,
coin, and
currency
5,069
9,030
4,380
190
259
306
121
7,068
5,969
9,548
253
179
147
10,324
120
11,251
597
6,092
126
1963-July
August.
September
629
705
948
5,564
5,389
7,953
131
October.
November.
December.
881
2,839
890
880
1
96(i- January
.
February,
March.,,,
April
May
etc.
In Federal
Reserve
Banks in
process of
collection
Balance In
In other
depositaries
Total
assets
Liabilitie
1/
of
Treasurer
of U. S.
accoxir.t
302
237
273
440
49
63
429
5,451
58
337
64
70
303
375
335
441
8,092
6,769
10,509
136
74 2/
342
313
12,116
12,116
6,814
162
93
234
7,586
7,509
I4R
142
158
39
33
105
202
135
118
6,324
6,229
9,025
168
188
285
275
309
6,998
6,846
9,783
6,998
6,346
9,783
117
133
120
3,337
4,544
6,622
152
135
133
60
130
173
193
174
183
269
283
264
4,510
5,270
7,375
4,510
3,521
5,621
791
2,451
126
134
121
194
831
4,783
6,940
3,368
5,928
7,887
162
1,024
59
122
224
260
188
376
354
318
4,264
6,795
3,656
4,264
6,795
8,656
925
890
3,974
6,557
46
66
440
166
413
330
6,085
8,300
6,085
8,300
535
.
Unclassified
collections
401
101
115
141
112
5,011
174
131
7,578
161
Source:
Dally 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 funds 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 "Unclassified collections, etc."
shown under assets. Treasurer's checks outstanding are included
37
2/
2/
365
6,037
9,990
447
240
100 2/
87
75
79
5,590
9,749
5,350 2/
8,005
6,694
10,430
5,270
7,375
through June 1958, after which they are included in the balance in
the Treasurer's account.
(See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of ohe checks was
carried as a liability until paid.
Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also app^lng
to checks drawn on the Treasurer by Government disbursing officers
and agencies
Amounts shown, beginning fiscal 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
,
.
.
Jane
,
1964
21
.
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 1/
Fiscal year
or month
Savings
bonds
Retirement
plan
bonds
Tax
anticipation
securities
Other
Balance
Taxes
During period
Income (by
Withheld special
and
arrangeexcise 2/ ment) 2/
Total
credits
Withdrawals
End of
period
High
Low
8I3
1,078
912
2,987
3,246
3,638
Average
1957
1958
1959
2,976
2,824
2,668
5,043
2,922
6,568
13,513
13,164
26,709
27,881
29,190
4,152
7,903
5,919
45,448
55,044
58,520
46,000
50,908
62,994
4,082
8,218
7,581
3,7U
6,078
3,869
8,055
I960
7,784
7,613
5,898
7,920
1,788
3,774
33,059
6,458
5,453
8,815
6,458
7,653
8,889
4,103
55,842
56,438
54,782
56,847
53,076
1,390
34,511
37,519
6,053
9,142
6,521
57,4%
1962
2,679
2,787
2,725
1,161
1,531
4,151
1963
2,699
2,963
3,830
41 ,267
6,835
57,595
56,085
10,324
10,324
2,535
5,325
1961
4,457
1962-Dec ember.
209
3,933
1,596
5,738
5,374
6,092
6,188
2,735
4,560
1963- July
August.
September
253
1,638
4,943
4,400
79
5,564
5,389
7,958
10,257
5,839
8,100
5,432
4,011
3,169
7,076
3,730
1,970
5,175
8,335
6,730
5,350
204
October.
November.
December.
222
200
1,412
4,504
60
1.694
2,839
1,748
4,704
6,892
3,521
5,621
?,090
3,618
5,970
2,434
4,U9
6,813
4,022
4,792
2,428
4,565
3,076
4,082
1,499
5,459
23
6,005
4,783
6,940
4,891
2,197
4,995
3,375
4,951
2,451
4,688
1,825
5,707
7,108
7,437
2,166
2,323
2,743
3,405
3,459
5,013
1,387
4,775
20
3,168
4,987
6,134
2,404
3,974
6,557
6,234
6,700
1,577
4,234
3,477
5,656
.
1964- January.
February
March. .
.
April
May
231
221
475
302
248
223
223
1,539
211
Office of Fiscal Assistant Secretary; figures are on basis of
Source:
telegraphic reports.
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.
Taxes
eligible .for credit consist of those deposited by taxpayers .in
2/
the depositary banks, as follows: Withheld income tax beginning
V
2/
*
5,765
2,241
5,081
5,432
March 194.8; taxes on employers and employees under the Federal
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 pajments, 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.
s
.
Treasury Bulletin
22
»
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Sunmiary of Cash Transactions through the Account of the Treapurer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget,
trust, and other accounts)
Period
Net cash borrowing, or repayment of
borrowing (-)
Plus:
Clearing
accounts
Total net
transactions
Equals:
Treasurer'
account balance, increase, or decrease (-)
Cash
deposits
Cash withdrawals 1/
81,875
82,094
81,612
77,279
85,015
93,736
4,596
-2,921
-12,124
-1,904
1,827
-306
2,692
-1,094
-12,430
-3,648
5,253
8,032
-956
4,159
-4,399
1960
1961
1962
1963
94,862
96,897
105,911
114,454
93,817
97,774
112,188
118,477
1,0U
-877
-6,278
-4,023
309
-510
1,259
1,039
1,353
-1,387
-5,018
-2,984
1,301
76
8,755
4,670
2,654
-1,311
3,736
1,686
1964 (Est.)
1965 (Est.)
114,416
119,797
122,699
122,690
-8,283
-2,893
-8,283
-2,893
4,366
2,893
-3,916
5,512
11,764
11,654
10,339
11,857
9,142
-4,826
-94
2,512
-477
-85
-332
-5,303
-179
2,180
185
26
758
-5,118
October
November
December
4,852
10,123
10,401
11,232
10,354
9,261
-6,380
-230
1,141
150
-433
-6,229
-229
708
956
988
1,397
-5,273
760
2,105
19^4- January
February
March
7,278
12,187
13,419
11,084
10,874
9,862
-3,806
1,313
3,557
672
-760
-3,285
1,985
2,797
174
546
-936
-3,111
2,531
1,861
8,151
11,670
10,068
10,373
-1,917
1,297
155
269
-1,762
1,565
-809
-2, 571
650
2,215
107,013
114,446
-7,433
-318
-7,752
3,936
-3,816
Fiscal year;
1957
1958
1959
1963-July
August
September.
.
.
April
May
F.Y. 1964 to date.
Excess of deposits,
or withdrawals (-)
Actual figures are based on the daily Treasury statement; estimates,
including effects of proposed legislation, are from the 1965 Budget docxunent, released January 21, 1964.
Figures in the first four columns of
this table may differ somewhat from those originally published in the
daily Treasury statement because of subsequent reclassification of
^
certain transactions.
Source:
'
2/
2
520
1/
2/
-152'
2,938
Beginning with the February 1963 Bulletin figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
..
,.
.
.
Jane
.
1964
23
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
End of
fiscal
year or
month
Total 1/
Public
debt 2/
Interest-bearing debt
Guaranteed
securities
Public
debt
Total
?70,634
I960
Public debt
International
Monetary
Fund
Total
2a4,817
270,527
276,343
284,706
107
101
111
268,592
274,798
281,944
268,486
274,698
281,833
106
101
110
2,042
1,646
2,873
2,042
1,646
2,873
1961
1962
286,471
289,211
298,645
286,331
288,971
298,201
140
240
283,241
285,672
294,442
139
240
4U
283,380
285,911
294,886
444
3,090
3,300
3,759
3,090
3,299
3,759
276,iU
^
Special notes to Total
1/4/
2/
1957
1958
1959
Guaranteed
securities
Matured debt and debt bearing no interest
International
Devel opment
Association
InterAmerican
Development bank
Other
i/
529
597
1,068
476
1,979
U5
2,238
2,496
58
2,f.67
115
55
407
396
484
349
438
444
4T0
417
fcl8
1963
306,4.66
305,860
607
302, 559
301,954
605
3,907
3,906
310
2,922
129
125
420
1962-Deoember.
303,988
303,470
518
299,726
299,209
517
4,262
4,261
551
3,012
151
125
422
1963- July
August . .
September
305,482
307,209
307,328
304,835
306,535
306,635
647
674
693
301,583
303,197
303,356
300,938
302,525
302,664
645
673
692
3,898
4,011
3,972
3,896
4,010
3,971
263
310
273
2,961
3,028
3,028
129
129
129
125
125
125
418
417
416
October.
November.
December.
307,147
308,933
310,089
306,442
308,215
309,347
705
718
742
303,163
304,811
305,955
302,458
304,093
305,213
704
717
741
3,984
4,122
4,134
3,984
4,121
4,133
264
336
34.9
3,036
3,036
3,036
129
187
164
125
125
125
430
438
459
196i- January
February.
March. .
309,339
311,150
310,408
308,577
310,357
309,590
762
793
818
305,254
306,919
306,222
304,499
306,132
305,405
755
787
817
4,085
4,231
4,186
4,078
4,225
4,185
295
311
266
3,036
3,166
3,171
164
164
164
125
125
125
459
459
459
April
May
308,402
312,337
307,601
311,532
802
805
304,186
308,018
303,385
307,214
801
804
4,216
4,319
4,215
4,318
278
382
3,166
3,164
164
164
150
150
457
458
.
.
Source:
Daily Treasury statement.
1/ Includes certain obligations not subject to statutory limitation.
For
amounts subject to limitation, see page 1.
Includes
debt
incurred for advances to certain wholly owned Government
2/
agencies in exchange for which their obligations were issued to the
Treasury ( see Table 6)
^
^
Guaranteed
securities 2/
( matured)
Consists of Federal Housing Administration debentures, and also D. C,
Armory Board stadium bonds beginning July 1959.
Special notes of the United States issued to the International Monetary
Fund, 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.
6/
Held outside the Treasury,
2/
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(
Dollar amounts in millions)
Total interest-bearing securities
End of
Amount
fiscal year
or month
outstandi:ng
1957
1958
1959
Public debt
and guaranteed securities 1/
268, 592
274,798
281,944
Computed annual interest rate
Confuted annual
interest charge
Public
debt
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Total
2/
Bills
1/
Certificates
Notes
Treasury
bonds
Nonmarketable
issues
Special
issues
Guaranteed
securities
1/
j^
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
3.197
1.033
3.316
3.345
3.330
2.842
2.504
2.806
3.304
2.482
2.576
2.619
2.353
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
283,241
285,672
9,316
3.297
3.072
3.239
3.360
3.449
3.063
3.285
3.425
3.815
2.584
2.926
3.081
4-721
3.073
3.377
3.283
4.058
3.704
10,119
3.297
3.072
3.240
3.361
3.680
3.921
2.639
2.829
3.122
3.344
3.219
3.330
3.364
3.412
2.772
2.803
2.391
3.003
2.681
3.144
3.500
3.658
3.362
3.852
3.241
3.395
2.898
3.584
1960
1961
1962
1963
283,380
285,911
294, 886
294,
302, 559
301,954
9,320
8,769
9,534
10,141
1962-December,
299,726
299,209
9,859
9,841
3.298
3.297
3.357
1963- July
August. .
September
301,583
303,197
303,356
300,938
302,525
302,664
10,151
10,290
10,368
10,128
10,265
10,342
3.375
3.403
3.428
3.374
3.402
3.428
3.440
3.479
3.512
3.147
3.248
3.340
3.283
3.216
3.213
3.921
3.902
3.399
3.344
3.359
3.416
415
419
433
3.018
3.043
3.039
3.673
3.685
3.700
October
November
December.
303,163
304,811
305,955
302,458
304,093
305,213
10,457
10,561
10,631
10,431
10,534
10,603
3.460
3.476
3.487
3.460
3.476
3.486
3.545
3.564
3.578
3.469
3.538
3.596
3.213
3.250
3.250
3.918
3.863
3.862
3.417
3.417
3.417
436
438
443
3.085
3.104
3.103
3.718
3.728
3.736
1964- January. .
February.
March.
305,254
306,919
306,222
304,499
306,132
305,405
10,665
10,800
10,792
10,636
10,770
10,761
3.506
3.532
3.537
3.506
3.531
3.537
3.602
3.637
3.643
3.670
3.689
3.715
3.250
3.250
3.250
3.348
3.863
3.863
3.448
3.457
3.457
3.U6
3.U7
3.107
3.124
3.450
3.135
3.740
3.751
3.770
304,186
308,018
303,385
307,214
10,750
10,908
10,720
10,878
3.547
3.555
3.546
3.554
3.657
3.663
3.746
3.742
3.250
3.882
3.854
3.457
3.457
3.460
3.118
3.170
3.777
3.778
.
April.
May
.
.
.
.
U2
8,761
-9,519
Source:
On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain out^anding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual interest
rate is confuted by dividing the conqjuted annual interest charge for
1/
2/
2/
U
3.471
the total, or for any group of Issues, by the corresponding princiBeginning with data for December 31, 1958, the compupal amount.
tation is based on the rate of effective yield for issues sold at
premium or discount. Prior to that date it was based on the coupon
rate for all issues.
Guaranteed securities included "are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amoxint outstanding.
.,
..,
,
Treasury Bulletin
24
DEBT OUTSTANDING
Table 3.- Interest -Bearing Public Debt
(In millions of dollars)
Publi: issues
Total
interest-
End of
fiscal
year or
month
bearing
public
debt
,
1961
1962
Certif-
Notes
Bills
221,658
228,452
237,078
155,705
166,675
178,027
23,420
22,406
32,017
20,473
32,920
33,843
30,973
20,416
27,314
283,241
285,672
294,442
238, 342
240,629
249,503
183,845
137,148
196,072
33,415
36,723
42,036
17,650
13,338
13,547
51,483
56,257
65,464
274,698
281,3??
19''0
Nonmarketable
Treasury
Total
public
Total
268, A86
1^57
195S
1959
Marketable
issues
icates
U.
S.
Depositary
bonds
Foreign
series
securi-
Foreign
currency
series
securi-
ties 2/
ties
Special
issues
Total
savings
bonds
bonds,
investment
series
80,839
90,932
84,853
65,953
61,777
59,050
54,622
51,984
50,503
11,135
9,621
8,365
196
171
183
46,827
46,246
81,297
80,830
75,025
54,497
53,481
53,431
47,
5U
6,783
5,830
4,727
170
117
138
860
75
19
25
44,899
45,043
44,939
Treasurybonds 1/
47,514
47,607
other
i/
2,^
U,756
196.T
301,954
257,153
203,508
47,230
22,169
52,145
81,964
53,645
48,314
3,921
103
648
630
29
44,801
1962-Deo.
299,209
255,784
203,011
48,250
22,710
53,679
78, ?71
52,772
47,535
4,U3
110
360
299
26
43,426
1963- July,
300,938
302,525
302,664
257,214
257,006
258,014
203,491
203,233
204,282
47,222
47,219
48,218
22, 169
16,98B
15,494
52,154
58,562
54,114
81,946
30,463
86,456
53,723
53,773
53,732
48,427
48,549
3,899
3,882
3,813
103
102
610
505
29
29
43,724
45,519
101
488
655
705
705
28
U,650
302,458
304,093
305,213
259,175
260,540
261,555
205,347
53,695
58,666
58,680
86,439
86,424
86,413
53,828
53,989
53,984
48,687
48,793
98
98
632
582
735
735
760
29
23
48, 827
3,719
3,704
3,685
559
207,571
15,493
10,939
10,939
99
206, 551
49,720
50,521
51,539
43,283
43,553
43,658
304,499
306,132
305,405
262,581
263,249
262,184
208,589
209,218
208,223
52,547
53,550
52,548
10,939
4,198
4,198
56,444
64,457
64,478
88,658
87,013
86,998
53,993
54,031
53,961
48,925
49,046
49,101
3,649
3,638
3,613
97
97
98
760
760
710
56
435
373
.303,385
261,381
262,179
207,356
208,009
51,049
52,246
4,198
65,130
67,279
86,979
88,434
54,025
54,170
49,142
49,224
3,559
3,552
99
99
398
398
762
832
Aug.
Sept,
Oct.,
Nov..
Dec
1964- Jan.,
Feb..
Mar.
Apr..
May.
307,214
SouTje:
Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
Consists of certificates of indebtedness and !>om January 1963 Treasury
2/
notes sold to foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
4/
43, 597
505
32
55
64
65
65
42,004
45,034
indebtedness and from October 1962 Treasury bonds issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration series beginning fiscal 1961, and retirement plan bonds
beginning January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
(
41,917
42,883
43,221
1/
In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Average length
Within
1 year
years
155,705
166,675
178,027
71,952
67,782
72,958
40,669
42,557
58,304
12,328
21,476
17,052
26,407
27,652
21,625
4,349
7,208
8,083
4 yrs.
5 yrs.
4 yrs.
9 mos.
3 mos,
7 mos,
183,845
187,148
196,072
203,508
70,467
81,120
88,442
85,294
72,844
20,246
26,435
26,049
37,385
12,630
10,233
9,319
8,360
7,658
58,400
57,041
58,026
10,960
15,221
14,444
4 yrs.
4 yrs.
4 yrs.
5 yrs.
4 mos.
6 mos.
11 mos,
1 mo.
1962- December.
203,011
87,234
61,640
33,933
4,565
15,539
4 yrs.
11 mos,
1963- July
August.
September,
203,491
203,233
204,282
85,286
85,976
83,070
58,035
60,356
58,085
37,376
33,622
39,100
3,359
8,359
8,353
14,435
14,420
15,669
5 yrs.
October.
November.
December.
205,347
206,551
207,571
84, 556
57,678
56,660
58,487
39,097
37,500
35,682
3,358
8,358
8,357
15,658
15,648
15,642
1964- January .
February.
March
208,589
209,218
203,223
83,U5
84,0U
57,509
63,392
63,413
37,900
36,053
36,047
8,357
8,357
8,356
16,378
16,372
16,363
207,356
208,009
82,554
82,930
64,057
62,325
36,041
37,561
3,355
8,355
16,350
16,339
1957
1958
1959
,
I960
1961
1962
1963
,
,
.
.
.
.
April
May
88,335
89,403
85,046
1
- 5
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ All issues are classified to final maturity except partially tax-exempt
5
- 10
years
10 - 20
20 years
years
and over
mo.
yrs.
yrs.
mo.
3 mos,
yrs.
yrs.
5 yrs.
2 mos.
2 mos.
5 yrs.
1 mo.
1 mo.
5
5
5
5
5
5
5
5
1
mo,
yrs.
yrs.
1
yrs.
yrs
1 mo.
mo.
mo.
bonds, which have been classified to earliest call date.
The last of
these bonds were called on August 14, 1962, for redemption on
December 15, 1962.
..
Jane
1964
25
DEBT OUTSTANDING
Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)
End of fiscal
year or month
Total
Federal
Deposit
Insurance
Corporation
1957
1958
1959
46,827
46,2^6
U,756
718
673
629
I960
1961
1962
i4,899
45,043
694
556
U,939
1963
U,801
1962-December.
Federal
Disability
Insxirance
Trust
Fund
Federal
home
loan
banks
Federal
Old-Age
and
Survivors
Insurance
Trust Fund
Federal
Savings
and Loan
Insurance
Corporation
325
50
996
1,533
165
165
59
50
500
2,017
2,299
2,304
260
2,165
43,426
443
2,145
51
1963-July
August..
September
.
43,724
45,519
44,650
259
277
270
2,094
2,140
2,136
108
86
126
October.
November.
December.
43,283
43,553
43,658
273
71
72
2,045
1,974
1,925
130
76
324
13,302
13,571
13,648
196i- January.
February.
March.
41,917
42,883
43,221
75
183
179
1,845
1,833
1,820
140
65
58
12,764
13,207
13,452
84
92
42,004
45,034
196
220
1,769
1.868
57
90
12,746
14,627
136
April.
May
.
.
.
.
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Highway
Trust
Fund
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
19,463
18,610
17,227
103
112
116
7,394
7,738
8,608
1,200
1,144
1,127
404
822
429
5,570
5,665
5,742
3,475
3,531
3,417
7,996
6,671
5,636
123
120
126
104
138
182
9,397
10,414
11,382
1,107
1,071
1,028
1
234
74
16,413
16,200
15,074
436
5,803
5,759
5,804
3,586
3,504
3,316
5,580
4,625
4,657
138
192
156
372
14,221
12,438
1,003
678
5,714
26
2,786
4,803
263
6«
119
11,707
1,002
285
5,763
2,996
5,108
139
13,495
98
98
98
12,486
12,548
12,616
999
997
992
655
704
547
5,720
5.726
5,731
2,813
2,807
2,754
4,678
5,322
4,872
318
315
283
98
46
12,664
12,755
12,819
989
985
981
465
378
332
5,740
5,745
5,752
2,712
2,708
2,687
4,678
4,92?
4,804
187
314
263
12,857
12,914
12,989
967
964
959
400
5,601
5,603
5,604
2,609
2,590
2,580
4,315
4,630
4,457
286
299
519
13,044
13,099
931
928
560
5,607
5,610
2,496
2,486
4,252
5,024
249
298
13,
14, 500
14,224
51
59
98
Daily Treasury statement.
Source:
1/ Includes Canal Zone Postal Savings System through 1959.
Adjusted Service Certificate Fund (through December 1956),
2/
Consists of:
512
512
648
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund.
Less than $500,000.
.
,
Treasury Bulletin
26
DEBT OUTSTANDING
,
Table 6*- Treasury Holdings of Securities Issued by Governnent
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
End of
fiscal
year or
month
Total
Agency
for
International
Development 1/
Rural
Commodity
ElectriCredit
fication
CorpoAdminisration
tration
Housing and Home
Finance Agency
Secretary: ExportImport
Farmers'
Bank of
Home
WashAdminisington
tration
programs
2/
2/
Federal
Adminis- National
trator
Mortgage
Association
^
Public
Housing
Administration
1957
1958
1959
22,731
21,859
25,343
1,198
1,188
1,164
13,383
11,528
12,874
2,519
2,728
2,923
265
256
323
1,205
1,528
1,937
282
476
730
1,741
1,502
2,351
41
35
27
I960
1961
1962
1963
25,636
26,011
28,634
29,166
1,138
1,107
1,062
807
12,704
11,534
12,990
13,599
3,155
3,332
3,484
3,657
369
456
854
1,027
1,636
1,698
1,830
1,476
977
1,213
1,567
2,005
2,338
3,202
3,167
2,716
1962- December.
28,748
818
12,884
3,572
973
1,680
1,778
1963- July
August. .
September
27,335
27,723
7U
757
757
757
11,880
12,205
12,280
3,737
3,737
3,737
1,053
1,062
1,067
1,281
1,290
1,275
October
November,
December.
28,149
28,490
28,748
756
756
746
12,618
12,913
13,250
3,830
3,830
3,749
1,104
1,105
1,093
1964-January. .
February,
March
29,131
29,253
29,300
746
746
746
13,361
13,532
13,709
3,839
3,839
3,839
April
May
29,286
29,376
746
746
13,855
13,902
3,909
3,909
.
27,
Tennessee
Valley
Authority
48
97
Veterans'
Administration:
Direct
loan
program
Under
Defense
Produc
tion
Act
of 1950
Other
2^
6/
21
112
733
780
930
1,294
1,723
1,950
13
22
29
32
32
25
118
121
121
123
50
1,180
1,330
1,530
1,730
1,970
1,964
1,976
1,923
22
22
29
3,166
S3
121
25
1,640
1,986
22
2,033
2,085
2,085
2,682
2,642
2,609
54
96
123
123
123
50
50
1,730
1,730
1,730
1,922
1,912
1,912
34
34
35
1,259
1,302
1,274
2,115
2,140
2,180
2,580
2,558
2,543
1,730
1,730
1,730
1,911
1,911
1,911
35
35
35
1,145
1,139
1,140
1,239
1,234
1,186
2,220
2,257
2,258
2,556
2,523
2,491
154
1,177
1,182
8U
2,308
2,345
2,451
2,448
65
858
Source: Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1963
Annual Report of the Secretary of the Treasury, page 720, and the 1963
Combined Statement of Receipts, Expenditures and Balances of the United
States Government, pages 505-506,
And predecessor agencies.
1/
Beginning fiscal I957 figures exclude notes
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, 1442), and the notes together with
others issued foi" the same purpose are included in "Other,"
2/ Farm housing and other loan programs, and Agricultural Credit Insurance
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,
Consists of notes issued to borrow for:
The urban renewal program
^
Saint
Lawrence
Seaway
Development
Corporation
^
6/
7/
61
39
37
65
60
75
21
123
123
122
50
122
122
123
75
1,730
50
50
•1,730
1,730
1,910
1,987
1,997
33
33
123
123
50
85
1,730
1,730
1,995
2,015
33
35
50
50
34
(formerly slum clearance program); college housing loans; and public
facility loans.
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; Small
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1);
Secretary of Commerce (Maritime Administration) for the Federal
Ship Mortgage Insurance Fund fiscal years 1959-61, and 1963-64,
beginning March 1963; Virgin Islands Corporation beginning fiscal
1960; and District of Coltimbia Commissioners for the Stadium
Sinking Fund beginning June 1962,
,.
.
June
1964
27
,
DEBT OUTSTANDING
,
Table 7.- Interest-Bearing Securities Issued by
Federal Agencies But Not
Guaranteed by the United States Government
(
End of fiscal
year or month
Total
Banks for
cooperatives
In millions of dollars)
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ }/
1957
1958
1959
5,013
5,^23
6,708
179
199
284
738
456
992
924
1,159
1,456
1,552
1,646
1,888
I960
1961
1962
8,i07
7,765
9,332
330
382
430
1,259
1,055
1,797
1,600
1,723
1,855
2,137
2,357
2,550
1963
10,192
459
2,770
2,133
1962- December.
10,133
504
2,707
1,727
1963- July
August. ,
September.
.
10,322
10,624
10,870
459
473
473
2,816
3,036
3,299
October. .
November,
December.
11,151
10,958
11,705
526
526
588
196i- January..
February.
March
11,395
11,111
11,133
April
May
11,250
11,351
570
797
797
All other
issues
1,050
1,165
1,290
145
2,725
1,960
145
2,628
2,422
145
2,202
2,232
2,233
2,725
2,796
2,796
1,950
1,916
1,899
170
170
170
3,599
3,599
4,363
2,139
2,027
1,952
2,834
2,834
2,834
1,384
1,792
1,788
170
180
180
588
588
586
4,043
3,653
3,627
1,964
2,018
2,069
2,834
2,886
2,886
1,786
1,786
1,785
180
180
180
534
527
3,627
3,727
2,156
2,246
2,973
2,973
1,781
1,698
180
180
2/
Note:
1/
Management
and liquidating issues
Tennessee
Valley
Authority
2,284
2,198
2,556
Office of Debt Analysis and agency reports.
The securities shoun in the table are public offerings.
The proprietary interest of the United States in these banks ended
in July 1951.
Source:
Federal National
Mortgage Association
2/
797
50
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities v/hich are issued for use as collateral for commercial bank borrowing aYid not as a part of public
Includes small amounts owned by Federal land banks.
offerings.
Treasury Bulletin
28
STATUTORY
LIMITATION
TiKBV
The Second Liberty Bond Act (31 U.S.C. 757b), as amended by
an act approved June 30, 1959, provides that the face amount of
obligations issued under authority of that act, and the face
amount of obligations giaaranteed as to principal and interest
by the United States (except guaranteed obligations held ty
the Secretary of the Treasury) shall not exceed in the aggregate $285 billion outstanding at any one time. The corresponding limitation in effect vmder the act of Jime 26, 194-6,
was |275 billion and that under the act of September 2, 1958,
was $233 billion. In addition, temporary increases have been
authorized as follows:
|6 billion from August 28, 1954,
through June 30, 1956 (acts of August 28, 1954, and June 30,
1955); $3 billion from July 1, 1956, through June 30, 1957 (act
of July 9, 1956); |5 billion from February 26, 1958, through
June 30, 1959 (act of February 26, 195S); 310 billion from
July 1, 1959, through Tune 30, I960 (act of June 30, 1959); $8
billion from July 1, I960, through June 30, 1961 (act of June
30, I960); .$13 billion from July 1, 1961, through March 12,
1%2, and $15 billion from March 13 thrcagh June 30, 1962 (acts
of June 30, 1961, and March 13, 1962); $23 billion from July 1,
1%2, thro-jgh March 31, 1963, $20 billion from April 1 through
May 28, 1963, $22 billion from May 29 through J™e 30, 1963,
and $24 billion from July 1 through June 30, 1964 (acts of
July 1, 1962, May 29, 1%3, August 27, 1963, and November 26,
1963, and an additional $6 billion, making a total of $30 billion, from December 1, 1963, through June 29, 1964 (act of
November 26, 1%3)).
Table 1,- Status Under Limitation May 31, 1964
(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), as increased temporarily by the act of November 26, 1963
315,000
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
311,170
805
Total amount of securities outstanding subject to statutory debt limitation
311,975
Balance issuable under limitation
Source:
3,025
Daily Treasury statement.
Table 2.- Applicatlon of Limitation to Public Debt and Guaranteed Securities
Outstanding May 31, 1964
(in millions of dollars)
Class of security
Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Treasury notes
Treasury bonds
Total marketable
52,2i6
67,279
208,009
Nonmarketable:
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury certificates
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
Special bonds of the United States:
United Nations Special Fund series
United Nations F.A.O. World Food Program series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interes t
Total debt bearing no interest
Total public debt
Guaranteed securities:
Interest-bearing
Matured
Subject to statutory
debt limitation
1/
Total guaranteed securities
Total public debt and guaranteed securities
2^0
158
30
802
15
20
i9,22i
5
99
3,552
25
-5ii,l70
i5,03i
307,214
380
56
1
3,164
164
150
40
2
3
Not subject to statutory
debt limitation
Total
outstanding
Jane 1964
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding May 31, 1964
Other Than Regular Weekly Treasury Bills
(In millions of dollars)
Year
and
month
of final
maturity
1/
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding May 31, 1964
Other Than Regular Weekly Treasury Bills - (Continued)
1
1964
Jane
31
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of nev issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Amoxint
Amount of bids accepted
Total
amount
On con^ietitlve basis
On nonconpetitive basis 2/
In
exchange
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
1,300.
900.
16,723.8
21,813.9 2/
Regular weekly bills:
1964- Feb.
6
Feb.
13
Feb.
20
Feb.
27
Mar.
5
Mar.
12
Mar.
19
Mar.
26
Apr.
Apr.
1964-May
2
9
Aug.
6
91
182
2,084.1
1,658.6
1,300.5
900.4
1,057.7
839.9
242.7
60.6
105.4
63.1
May
Aug.
li
13
91
182
2,464.6
1,726.9
1,302.6
900.9
1,036.1
834.7
266.5
66.1
13.8
3.4
May
Aug.
21
20
91
182
2,195.1
1,901.2
1,201.1
901.0
950.8
836.8
250.4
64.2
179.0
83.5
1,201 6
900 «2/
16,723.8
21,814.8 2/
May
Aug.
28
27
91
182
2,137.8
1,677.7
1,201.7
901.8
996.3
846.6
205.4
55.2
116.9
63.6
1,201 3
900. 61/
16,724.2
21,816.0 2/
Jujie
i
Sept.
3
91
182
2,245.7
2,097.9
1,301.8
902.4
1,081.3
845.3
220.5
56.7
191.7
82.4
1,300.
901.
June
11
Sept. 10
91
182
2,199.3
1,657.5
1,300.1
900.3
1,048.6
835.7
251.4
64.6
June
18
Sept. 17
91
182
2,254.1
1,909.8
1,302.0
898.8
1,052.8
831.6
June
25
Sept.
24.
91
182
2,661.8
1,782.2
1,307.6
900.2
91
182
1,962.1
1,632.4
91
132
91
7
July
2
Oct.
1
July
9
5
1,302. 1
900. 2
y
16,724.3
21,8U.6 3/
8i4
16,725.5
21,816.7
12.9
3.8
1,300. 3
900. 13/1
16,725.2
21,816.9
249.2
67.2
233.0
84.1
1,301 .3
900 8i/|
1,069.9
839.1
237,
61,
148.9
72.4
1,309 .1
900
1,300.6
901.5
1,089.2
845.7
211.3
55.8
174.4
93.7
1,301.3
898.2
2,343.6
1,574.3
1,300.6
900.0
1,050.7
836.6
249.9
63.4
260.6
94.1
1,300.8
900.4
1,200.5
900.0
887.4
806.1
313.1
93.9
16.9
1,301.1
830.4
16,622.8
21,917.6
5
,
y
y
16,725.9
21,814.8 y
16,724.4
21,815.0 y
16,723.6
21,818.2
,
Oct.
8
July
16
15
182
2,187.9
1,747.5
23
22
91
182
2,159.5
1,862.2
1,200.1
900.8
964.8
235.3
68.9
198.7
831.9
93.1-
1,303.4
799.7
16,519.5
22,018.6
30
29
91
182
1,855.3
1,688.0
1,201.3
900.5
989.9
837.2
211.3
63.3
78.2
62.6
1,300.5
800.3
16,420.3
22,118.8
91
182
1,816.8
1,321.5
1,200.3
900.4
987.1
841.3
213.1
59.1
154.8
82.7
1,300.5
800.0
16,320.1
22,219.2
.
Apr.
16
Apr.
23
Apr.
30
May
7p
Aug.
Nov.
lip
Aug.
Nov.
13
12
91
182
2,172.6
1,837.4
1,200.6
900.5
963.3
824.2
237.3
76.3
11.
May
3.7
1,302.6
800.6
16,218.1
22,319.0
May
21p
Aug.
Nov.
20
19
91
182
2,258.3
1,633.3
1,202.1
900.5
974.8
834.7
227.3
65.8
271.8
83.8
1,201.1
800.3
16,219.0
22,419-2
28p
Aug.
Nov.
27
27
91
183
2,072.9
1,709.2
1,200.0
900.1
1,002.9
848.2
197.0
51.9
203.1
72.5
1,201.7
May
16,217.3
22,517.6
1964-Mar.
June
23
22
160
159
2,958.1
2,780.3
2,001.2
2,500.8
1 , 869
132.2
106.3
6.6
1964-Apr.
July
Aug.
Sept.
15
15
31
30
366
366
363
365
4,047.6
4,495.2
2,631.7
2,310.0
1,783.0
936.9
954.9
190.7
84.1
9.0
'2,395.4
2,500.8
1,997.9
1,001.1
1,002.0
31
30
31
362
363
363
1,890.9
2,794.5
2,113.3
1,000.3
1,004.8
1,000.3
966.3
844.5
972.6
33.9
160.3
27.7
1,000.4
1,000.5
1,001.5
969.8
981.1
883.0
30.6
19.4
118.5
1,001.4
1,000.1
984.4
982.0
17.0
18.1
Oct.
July
,
Oct.
July
Oct.
3.1
y
16,723.4
21,817.9
8'
801.''
Tax anticipation bills
1963-Oct.
1964-Jan.
15
15
.
2,394.5
2,001.2
4,502.1
One-year bills ;
1963-Apr.
July
Sept.
Oct.
15
15
'..
3
1
2U.9
2,000.8
2,003.6
64.3
47.0
2,500.1
Nov.
Dec.
196i-Jan.
i
3
Oct.
Nov.
Dec.
Feb.
Mar.
Apr.
6
1965-Jan.
31
360
Feb.
Mar.
28
362
357
2,211.9
2,412.3
2,563.2
May
June
6p
2p
Apr.
30
May
31
359
363
1,883.8
2,207.6
3
V
2,496.2 jy
3
a
,
31
2,500.8 b/
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports: final figures are on "clearance" basis in
daily Treasury statement.
INote:
Tax anticipation and one-year bills are shown In the table each
month imtil the month in which they mature is no longer shown in the
issue date column for regular weekly bills.
1/ The 13-week bills represent additional issues of bills with an original
maturity of 26 weeks.
[2/ For 13-week Issues, tenders for $200,000 'or less, and for 26-week Issues,
'Source:
!
9,500.6
9,495.0
10,496.1
11,498.1
8,998.0
9,998.2
11,003.0
12,003.3
9,507.2
10,507.6
11,508.1
12,509.6
10,008.8
11,010.2
12,010.4
beginning June 11, 1959, tenders for $100,000 or less from any one
bidder are accepted in full at average price of accepted competitive
bids; for other issues, the corresponding amoxint is stipulated in
each offering announcement.
Includes strip bills issued October 28, 1963.
Matured October 15, 1963.
Matured January 15, 1964.
6/ Matured April 15, 1964.
y
V
y
5
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 2.- Offerlnge of Treasury Bills
Average price
per hiondred
Regular weekly bills:
(Percent)
lU
99.115
98.166
3.501
3.628
99.104
98.146
3.545
3.667
[gs.iio
3.534
3.679
99.110
98.146
§/
3.521
3.667
99.105
98.138
3.541
3.683
f 99. 103
98.128
3.547
3.703
99.107 2/
98.132 10/
3.533
3.695
99.102
98.127
3.553
3.705
1
199.093
98.090
3.589
3.777
99.096 11/
98.093 12/
3.576
3.772
99.092
98.086
786
J 99.107
|98.122
3.533
3.715
99.111 12/
98.130
517
699
99.104
98.116
727
m.ioe
3.538
3.726
99.108 14/
98.120
3.529
3.719
99.104
98.115
545
729
|_98.109
3.550
3.740
99.107
98.111
3.533
3.736
99.102
98.108
3.553
3.742
99.109
98.12A
3.525
3.710
99.114
98.131
3.505
3.697
99.106
98.120
3.537
3.719
'99.114
3.504
3.703
99.118
98.132
3.489
3.695
99.113
98.124
3.509
3.711
'99.119
485
,687
99.125
98.146
3.462
3.667
99.116
98.132
3.,497
98.136
21
99.125
98.149
3.463
3.662
99.128
98.154
3.450
3.651
99.123
98.147
3..4«
30
99.129
93.172
3.U6
3.616
99.132
98.176
3.434
3. 608
99.126
98.170
3.458
3.620
f99. 10
20
f99. 107
12
19
1^98.150
|_98.116
26
Apr.
2
Apr.
9
Apr.
16
Apr.
(Percent)
3.540
3.660
13
5
Apr.
Equivalent rate 2/
3.513
3.624
Mar.
Mar.
(Percent)
99.112
98.168
27
Mar.
Price per hundred
3.481
3.600
Feb.
Mar.
Low
Equivalent rate 2/
99.120
98.180
99.
6
l_98.173
Feb.
Price per hundred
3.505
3.615
1964- Feb.
Feb.
High
Equivalent average
rate 7/
(Ck)ntlnuedl
On competitive bids accepted
On total bids accepted
Issue date
-
f99.103
98.128
592
545
3,.695
3.,665
May
7p
99.120
98.165
3.482
3.629
99.125 11/
98.176
3.462
3.608
99.115
98.159
3.501
3.642
May
Up
99.118
98.168
3.491
3.625
99.121
98.174
3.477
3.612
99.115
98.166
3.501
3.628
May
21p
99.120
3.482
3.598
99.122 16/
98.188
3.473
3.584
99.118
98.177
3.489
3.606
98.172
3.476
3.595
99.124
98.176 17/
3.465
3.588
99.120
98.170
3.481
3.600
98.428
98.388
3.537
3.650
98.437
98.400
3.517
3.623
98.421
98.370
3.553
3.691
96.887
96.358
96.395
96.364
96.347
96.380
96.262
96.320
96.214
96.312
96.305
96.250
3.062
3.582
3.575
3.586
3.633
3.590
3.707
3.680
3.765
3.719
3.705
3.719
96.899
96.412
96.410
96.380
96.365
96.400
96.275
96.335
96.225
96.334
96.316
96.259
3.050
3.529
3.560
3.570
3.615
3.570
3.694
3.665
3.754
3.697
3.694
3.710
96.881
96.342
96.391
96.358
96.340
96.371
96.255
96.312
96.207
96.306
96.296
96.246
3.068
3.598
3.579
3.592
3.640
3.599
3.714
3.688
3.772
3.725
3.714
3.723
May
28p
98.181
'99.121
Tax anticipation bill!
1963-Oct.
196i-Jan.
15
15
One-year bills:
1963-Apr.
July
Sept.
Oct.
Nov.
Deo.
15
15
3
1
4
3
1964-Jan.
3
Feb.
Mar.
Apr.
6
>fay
6p
2p
June
7/
8/
2/
10/
IV
12/
12/
W
11/
3
8
Bank discount basis.
Except $500,000 at 98.156 and $200,000 at 98.150.
Except $2,000,000 at 99.114.
Except $100,000 at 98.137 and $150,000 at 98.136.
Except $100,000 at 99.103.
Except $50,000 at 98.128.
Except $100,000 at 99.115.
Except $32,000 at 99.115, $100,000 at 99.111, $365,000 at 99.110, and
$300,000 at 99.109.
Except $1,500,000 at 99.135, $65,000 at 99.133, and $100,000 at 99.131.
18/
12/
20/
21/
23/
22/
15/
17/
13/
19/
20/
21/
22/
22/
p
Except $100,000 at 99.124, and $300,000 at 99.123.
Except $150,000 at 98.180.
Except $50,000 at 96.969, $500,000 at 96.945, and $500,000 at
96.909.
Except $100,000 at 96.696 and $600,000 at 96.442.
Except $300,000 at 96.380.
Except $600,000 at 96.470 and $3,000,000 at 96.411.
Except $100,000 at 96.299.
Except $3,500,000 at 96.239.
Preliminary.
i
.
Jane
1964
33
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bills
1/
(Dollar amounts in millions)
Description of Issue
1957-January
Number of
days to
maturity
Maturity
Issue
date
date
31...,
1957-May
February
February
February
February
7
14....
21....
28...,
May
May
May
May
9
16
23
31
91
91
91
92
March
March
June
June
6
U....
13
91
91
December
December
19....
26...,
1958-March
March
20
27
91
91
2....
9...,
16. . .
23....
April
April
April
April
3
January
January
January
10
17
24
91
91
91
91
March
13...,
J\ine
12
91
September
September
September
11...,
18...,
25...,
December
December
December
11
18
91
91
92
October
October
October
October
October
2...,
9...,
16...,
23...,
30...,
November
November
6...
13...
December
11
1958- January
7
December
18...
December
26...
1959-January
January
January
January
January
26
2
8
15
22
29
92
91
91
91
91
91
92
February
February
March
13
12
91
June
II
182
March
19
18
91
132
26
25
90
181
2
2
90
181
June
March
June
1959-January
2...
April
July
January
8...
April
July
January
15...
April
July
March
91
5
91
182
16
16
91
182
5...
Jxme
September
4
3
91
182
March
12
y
June
September
II
10
91
182
March
J\ane
19...
September
18
17
91
182
March
26...
September
25
24
91
182
August
13...
1959_November
1960-February
12
11
91
182
August
20...
1959-November
1960-February
August
27...
1960-May
19...
May
26...
June
2...
1961-January
19...
January
26...
February
March
2...
30...
Footnotes at end of table.
June
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
34
Jane
1964
35
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills V-(Continued)
(Dollar amounts
Iji
millions)
Description of issue
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
Amount
of bids
tendered
Amount
of bids
accepted
91
182
$2,161
1,576
»1,301
700
2.874
3.075
91
182
1,972
1,203
1,301
700
2.801
2.990
197
Number of
days to
maturity
Maturity
Issue
date
(Percent)
Jl962-November
1962-August
\l%3-January
Axjgust
August
16.
August
23.
August
30.
September
September
September
20.
September
8
7
fl%2-November
\l963-February
15
U
91
182
2,078
1,766
1,301
704
2.867
3.060
204
fl962-November
\l%3-February
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
fl962-November
\l963 -February
29
28
91
182
2,248
1,259
1,301
700
2.916
fl962-December
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
fl%2-December
13
U
91
182
2,377
1,291
1,301
701
2.789
\l963-March
2.796
2.962
101
October
25.
2,265
1,375
fl%2-December
\l963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
100
91
182
2,011
1,505
1,300
A
701
2.752
2.902
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
April
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
January
31
91
182
2,207
1,573
1,301
701
2.686
2.775
101
91
182
2,249
1,761
1,301
702
2.841
2.927
101
(January
J
\
1,
November
May
15.
f
\
f
November
23.
I
November
May
{February
November
December
13.
December
20.
December
27.
2
7
9
February
U
91
182
2,325
1,436
1,302
701
2.801
2.846
103
16
February
May
21
23
90
181
2,409
1,274
1,300
300
2.833
2.892
199
28
91
183
2,042
1,528
1,300
801
2.853
2.936
199
91
182
2,108
1,663
1,300
801
2.861
2.945
98
101
May
[
3
May
(February
29.
December
101
91
182
/
November
100
20
21
April
18.
2.911
100
fl%2-December
\l%3-March
{January
October
2.805
1,301
700
|_
October
$199
fl%2-November
ri963-January
April
October
31
\1963-February
U%3-March
13.
1
.31
March
7
June
6
March
June
March
June
March
June
14
13
182
1,973
1,321
1,301
801
2.807
2.861
21
20
9i
182
2,092
1,248
1,301
800
2.860
2.900
99
28
27
91
182
2,660
1,322
1,309
802
2.893
2.924
110
91
1%3-January
April
July
4
91
183
2,220
1,340
1,301
801
2.926
2.966
101
5
April
July
11
11
91
182
2,196
1,542
1,301
800
2.920
2.966
100
January
Jxme
September
27
26
91
182
2,133
1,459
1,301
800
2.919
2.977
92
July
October
5
92
182
2,081
1,454
1,300
800
2.922
2.982
98
3
March
28.
April
April
11.
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
April
18.
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
April
July
October
25
25.
91
182
2,259
1,670
1,300
801
2.884
2.982
99
24
Footnotes at end of table.
(Contlnuud on following page)
,
)
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Blllsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Issue
date
Amount
of bids
tendered
Amount
of bids
accepted
91
182
«2,05';
1,668
(1,302
801
2.897
2.989
$101
91
132
2,119
1,715
1,301
802
2.905
2.993
100
Number of
days to
maturity
Maturity
date
Average rate
on bids
accepted 2/
New money
increase, or
decrease {-)
(Percent
1963-May
196 3- August
October
1
31
May
9.
August
November
May
16.
August
November
U
91
182
2,397
1,583
1,302
801
2.903
2.990
98
196i-February
May
20
21
91
182
2,321
1,A31
1,202
800
3.524
3.660
-99
1,937
28
90
181
1,201
802
3.480
3.630
-99
2,258
1,633
1,202
900
3.482
3.598
101
2,073
1,709
1,200
900
3.476
3.595
97
November
November
196i-May
May
21
29,
21 p
23p
February
May
15
August
November
20
91
19
182
August
November
27
27
183
91
See Table 2. Information in Table 3 covers bill offerings
January 2, 1957, through May 31, 1964.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
1961 ($800 million), November 15, 1962 ($1,001 million), and October 28,
1963 ($1,001 million).
See Table 4.
Source:
1/
2.
1,61/1
2/
2/
p
Equivalent average rate on bank discount basis.
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks.
Preliminary,
lane
1964
37
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Date subscription books
opened or bill
tenders received
3B
Treasury Bulletin
Jane 1964
39
PUBLIC DEBT OPERATIONS.
Table 4.- Offerings of Public Marketable Securities
Other Than
Regular Weekly Treasury Bills - (Continued!
Date subscription books
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS,
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
/line
1964
41
PUBLIC DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
Subscriptions for tlO.OOO or less were allotted in full.
Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
less than $10,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
16/ Subscriptions for $10,000 or less were allotted in full.
Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts.
Subscriptions
for
$25,000 or less were allotted in full. Subscrip17/
tions for more than $25,000 were allotted 2J, percent but in no case
less than $25,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
IB/ Subscriptions for $5,000 or less were allotted in full.
Subscriptions for more than $5,000 were allotted 60 percent to savings-type
investors, iO percent to commercial banks for their own accounts,
and 25 percent to all other subscribers, but in no case less than
In addition, $100 million of the bonds was allotted to
$5,000.
Government investment accounts.
19/ Tax anticipation certificate, acceptable at par plus accrued
interest to maturity in payment of income and profits taxes due on
the quarterly payment date immediately preceding maturity.
20/ Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Zl/ Subscriptions for $100,000 or less for the bills and $50,000 or less
for the notes were allotted in full.
Subscriptions for more than
the minimum for each issue were allotted J^A percent on bills and 35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was allotted to Government investment
accounts.
22/ Subscriptions for $100,000 or less were allotted in full.
Subscriptions for more than $100,000 were allotted Jt7 percent but in no
case less than $100,000.
23/ 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).
24/ 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.
25/ 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 full. Subscriptions for more than
these minimums were allotted not less than the minimums. In addition, $50 million of the bonds was allotted to Government investment accounts.
26/ Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
Subscriptions from all other Investors totaled
subscription.
$2,433 million and were allotted 5 percent, but not less than $1,000
on any one subscription. In addition, $100 million of the notes
was allotted to Government investment accounts.
27/ 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!C notes, with certain adjustments as of December 15, 1959,
at a price of 99-3/4^. Smaller denominations of savings bonds could
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.
26/ Issued as a rollover of maturing one-year bills.
29/ 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 14, 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. Subscrip.22/
tions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes was
allotted to Government investment accounts.
il/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
15/
less than $25,000.
In addition, $71 million of the notes was
allotted to Government investment accounts.
22/ Subscriptions were permitted to be made with payment in cash or in
4-3/4/t Treasury notes maturing August 15, 1960 (see Table 7, 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,
33/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 32).
34/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15 , 1960.
35/ 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.
36/ Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
25 percent. Subscriptions from commercial banks for their own accounts
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million and were allotted 15 percent.
Subscriptions for $5,000 or less were allotted in full; subscriptions
for more than $5,000 were allotted not less than $5,000.
37/ In addition to the amounts allotted to the public, there was
allotted to Government investment accounts $131.3 million of the
3-l/2i8 bonds of 1980, $215.9 million of the 3-1/2^ bonds of 1990,
and $236.5 million of the 3-l/2!S bonds of 1998.
23/ 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 100|.
Smaller denominations of savings bonds could be exchanged
for the next higher multiple of f?00 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
39/ Subscriptions were permitted to be made with payment in cash or In
4-7/8^ Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
40/ Consists of allotments on subscriptions from holders of certificates
of indebtedness mat\iring 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. Subscriptions subject to allotment totaled $14,619 million: those
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!? bonds of 1966, and $540 million of the
3-5/8% bonds of 1967.
43/ Subscriptions were permitted to be made with payment in cash or in
the 4-3/4^ Treasury certificates or 3-5/8^ Treasury notes, both
maturing May 15, 1961 (see Table 7, 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 3-1/2S6 bonds of 1980, $160.6 million of the
3-l/2;i bonds of 1990, and $289.5 million of the 3-1/2JC 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.
Footnotes continued on following page.
.
.
42
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
49/
50/
51/
^
^J/
^i,/
55/
56/
57/
58/
^9/
60/
61/
62/
63/
64/
65/
66/
Includes tZ million allotted to Government investment accounts of the
3-l/4)t notes, ti million of the 3-3A)6 bonds of 1966, and $136 million
of the >3A)f bonds of 1974.
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.
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)t bonds with certain adjustments as of December 15, 1%1, 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.
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 additibn, $100 million of the bonds was
less than $50,000.
allotted to Government investment accoxints.
Includes $3,411 million allotted to Feder 1 Reserve Banks and Government Investment accounts of the 3-l/2i{ certificates and $1,518
million of the ^% notes.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $385 million of the 4$ bonds of
1971, $177 million of the i% bonds of 1980, $218 million of the 3-l/2i6
bonds of 1990, and $221 million of the 3-l/2i6 bonds of 1998.
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, 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.
Includes $2,166 million allotted to Federal Reserve Banis and Government Investment accounts of the 3-l/4it certificates, $14 million of
the 3-'5/8^ notes, and $64 million of the 3-7/8i{ bonds.
Subscriptions were permitted to be made with payment in cash or in
the U% notes or 3-l/iS notes, both maturing August 15, 1962 (See
Table 7, 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 Banks 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 4% 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
$100,000.
In addition, $100 million of the bonds was allotted to
Government investment accoxints
All subscriptions for the 4-1/4% bonds were allotted in full. 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
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $21 million of the 3-3/4% notes
and $320 million of the 4^ bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8% certificates, $1 million of
the 3-1/2% notes, and $6 million of the 4% bonds.
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, 1963.
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 4% bonds with certain adjustments as of
62/
68/
69/
70/
71/
7^
73 /
74/
75/
76/
77/
73/
79/
80/
81/
82/
83/
34/
85/
86/
p
(Continued)
-
December 15, 1962, at a price of 99.50. Smaller denominations o£
savings bonds could be exchanged for the next higher multiple of
Cash payments
$500 of the bonds upon payment of any cash difference.
amounted to $93,000 for the 3-7/8% bonds and $101,825 for the 4% bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $99.85111 per $100
for reoffering to the public.
of face amount for a 4% coupon, resulting in a net basis cost to the
Treasury of 4.008210%, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4% certificates and $15 million
of the 3-3/4% bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8% 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 4% 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 4-1/8% 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 3-1/4% 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
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government Investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government Investment accounts $23 million of the 3-7/8% bonds of 1968, and $171 million of the 4% bonds of
>
1973.
Issued for cash and in exchange for one-year bills maturing October 15,
1963 (see Table 7, footnote 27).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8% certificates or 4-7/8% notes, both maturing November 15, 1963
(See Table 7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury certificates of Indebtedness and Treasury notes matxiring November 15,
1963.
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 $4,307 million and were allotted In full. Subscriptions subject to allotment totaled $15,762 million:
those up to and Including
$100,000 were allotted In full; all others were allotted 21 percent but
in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government Investment accounts.
Subscriptions for $50,000 or less were allotted In full. Subscriptions
for more than $50,000 were allotted 83-1/2 percent but in no case
less than $50,000.
In addition, $125 million of the bonds was allotted
to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government investment accounts of the 3-7/8% notes.
Subscriptions for $50,000 or less were allotted In full. Subscriptions
for more than $50,000 were allotted 9 percent but in no case less than
$50,000.
Includes $6,383 million allotted to Federal Reserve Banks and Government investment accounts of the 4% notes and $29 million of the 4-1/4%
bonds
Preliminary.
\
|
Jane 1964
43
PUBLIC DEBT OPERATIONS.
Table 5.- Securities Issued In Advance Refunding Operations
SeGurities issued
Date Issued
6/23/60
Amount
issued
(In millions)
n-}/^%
l3-7/8)S
Note
Bond
3-l/2if
3-l/2){
Bond
Bond
II/I5/8O
2/15/90 i/
3-1/2*
Bond
11/15/98
3-3/8i8
Bond
11/15/66
3-5/8%
Bond
11/15/67
3-l/2iS
Bond
11/15/80
V
3-1/2)6
Bond
2/15/90
V
3.l/2if
Bond
11/15/98
i/
i,%
Bond
3-1/2S6
Bond
3.3/;;i8
Note
/t%
Bond
5/l5/6<i-D
5/15/68
10/3/60
3/15/61
9/15/61
3/1/62
9/15/62
-
Adjustment payments
at issue (per $100
of face value)
1/
By
Treasury
To
Treasury
Effective
interest
rate 2/
Investment
yield j/
Eligible securities exchanged
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Table 5.- Securities Issued In Advance Refunding Operations -(Continued)
Date issued
Amount
issued
(In millions)
Securities issued
Adjustment payments
at issue (per tlOO
of face value)
1/
By
Treasury
3-5/8*
Note
-
$960
2,275
206
845
2/15/67-B
4,287
693
3-7/8*
Bond
11/15/71 i/
532
94
196
1,515
136
3/15/63
3U
3-7/8*
Bond
11/15/74
V
251
373
1,074
17
49
2
24
4*
Bond
2/15/80 i/
195
420
210
213
1,131
3-7/8*
Bond
11/15/68
8/15/73
4*
9/15/63
4-1/8*
Bond
5/15/89-94
V
4*
Bond
8/15/70
V
4-1/4*
Bond
5/15/75-85
4''
1/22/64
To
Treasury
Effective
interest
rate 2/
Investment
yield i/
Eligible securities exchanged
Jane
46
Jane
48
49
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securlt les
Other Than Regular Weekly Treasury Bills
50
Jane
1964
52
Jane
1964
53
PUBLIC DEBT OPERATIONS,
Table 7.- Dlepoeltlon of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing secxirity
Date of
refunding
or retirement
Issue
date
Description
Disposition offers
by Treasury
1/
Amoxmt
outstanding
Cash
retirement
Exchange
security
offered
of exchange offers
Resxilti
Ex-
changed
(In millions of dollars)
9/21/62
2.896? Bill
10/1/62
l-l/Zi Note
10/15/62
2.975* Bill
3/23/62
lO/l/62-EO
10/1/57
10/15/62
10/16/61
ll/15/62-C
11/29/57
3-1/4* Note
11/15/62-H
3/1/61
2-1/4* Bond
12/15/59-62
11/15/45
2-3/4* Bond
12/15/60-65 26/ 12/15/33
3-3/4!e Note
11/15/62
9/21/62
-
-
1,802
Total
1/15/63
3.366* Bill
1/15/63
1/15/62
3-1/2* Cert.
2/15/63-A
2/15/62
2-5/8* Note
2/15/63-A
4/15/58
3-1/4* Note
2/15/63-E
11/15/61
8/15/63-C
8/15/62
8/15/63
12/15/54
11/15/63-D
11/15/62
Bond
2/15/64
2/14/58
^3-1/2* Note
11/15/65-B
11/15/62
3-5/3* Note
2/15/66-B
5/15/62
Bond
8/15/66
2/28/58
3-3/8* Bond
11/15/66
3/15/61
10/3/62
2/15/63
Total
3-1/2* Cert.
2-1/2* Bond
3-1/8* Cert.
3*
3/15/63 11/
3*
.
Total.
3/22/63
2.616* Bill
3/22/63
4/1/63
1-1/2* Note
4/1/63-EA
4/1/58
533
4/15/63
2.943* Bill
4/15/63
4/15/62
2,001
5/15/63-B
5/15/62
5,284
Note
5/15/63-B
4/1/59
1,183
3-1/4* Note
5/15/63-D
5/15/61
3,027
3-1/4* Cert.
5/15/63
4*
9,495
Total.
6/24/63
7/15/63
929* Bill
Bill
3.257* Bill
ft 355*
6/24/63
6/24/63
7/15/63
2/6/63
2/6/63
7/15/62
1,001
1,502
2,004
I
Turned
in for
cash 2/
Description of new
security offered
(See also Table 4)
54
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securit ies
Other Than Regular Weekly Treasury Bills - (Continued)
.
June
1964
55
PUBLIC DEBT OPERATIONS
Table 7.- Dlpposltlon of Matured Public Marketable
Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security 1/
Disposition offers
by Treasury
Date of
refunding
or retirement
Issue
date
Description
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Description of new
security offered
(See also Table 4)
Turned
Exchanged
in for
cash 2/
(In millions of dollars)
5/l5/6i
3-1/4$
Cert.
4-3/4if
3-3/4$
5/15/64-B
5/15/63
4,198
4,198
3,829p
309p
60p
Note
5/15/64-A
7/20/59
4,400
4,400
3,452p
620p
328p
Note
5/15/64-D
6/23/60
2,016
2,016
1,278p
604p
Total
6/22/64
2/
2/
^
y
6/
7/
8/
2/
10/
11/
1^
12/
Bill
6/22/64
1/15/64
2,501
10,614
10,091p
'
523p
Note
14-1/4$ Bond
11/15/65-E
5/15/74
r4$
Note
]4-l/4$ Bond
11/15/65-E
5/15/74
Note
14-1/4$ Bond
11/15/65-E
5/15/74
(4$
l8,560p of 4$ Note
11,532p of 4-1/4$ Bond
2,501 4/
Bureau of the Public Debt. Preliminary figures are from subscription and allotment reports; final figures are on "clearance
basis" in daily Treasury statement,
Original call and maturity dates are used.
All by investors other than Federal Reserve Banks.
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.
During June and July 1958, 1491 million of the 2-5/8$ 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.
Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 9).
Holders of the 4$ notes, who had the option to redeem at par on
February 15, I960, 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.
Rolled over into a one-year bill (see Table 4).
Amount which owners exercised the option to redeem on February 15,
I960 (see Table 4, footnote 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 seo\u-ities. For tax purposes, therefore, the investor will carry the new securities on tiis 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. See also Table 5.
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 $1.5 billion for the bonds.
Holders of the maturing notes were not offered preemptive rights to
Source:
1/
3.650$
10,614
34p
}
J4$
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 3-7/85f bonds, which were offered in an aggregate of around
$8-3A billion. For detail of offering, see Table A.
Excess of maturing 4-3/4/6 Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 32 and 34).
Reopening of an earlier issue.
16/ Holders of 2-1/2$ 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, I960 to
September 20, I960, inclusive, the first for 3-1/2$ bonds of 1980,
the second for 3-1/2$ 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 $4.5 billion.
Holders
of the maturing certificates were not offered preen^tive
17/
rights to exchange their holdings, but were permitted to present
them in payment or exchange, in whole or in part, for the 3-1/4$
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 40).
12/ 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,
Exchanges
and the last for a new 3-3/8$ bond due November 15, 1966.
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 note? were not offered
preen^jtive rights to exchangp 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 $2,500 million
offering of 3-l/4$ notes. For detail of offering, see Table 4.
21/ 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).
Remaining footnotes on following page.
w
W
.
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Footnotep to TabTe 7
22/
23/
24/
2^/
26/
27/
2g/
23/
30/
21/
$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 preen^jtive 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 1% bonds, or the $750 million offering of 4-1/4?
For detail of offering, see Table 4.
bonds.
Excess of maturing 4? notes and 3-l/i,% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-1/2$ certificates, 2-5/8j6 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 14, 1962, for redemption on December 15, 1962.
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
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
$7,600 million offering of 3-7/8$ notes. For detail of offering, see
Table 4.
Excess of maturing 3-1/8$ certificates and 4-7/8$ notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
Tax anticipation bills Issued to replace the maturing one-year bills
(see Table 4, footnote 81).
From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4$ notes and 5$ notes), November 15, 1964
(3-3/4$ notes and 4-7/8$ notes), February 15, 1965 (2-5/8$ bonds), and
Ifey 15, 1965 (4-5/8$ notes ) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4$ bonds and $750 million for the
-
(Continued!
4-1/4$ bonds. Subscriptions to the 4-1/4$ bonds exceeded the limitation.
For allotment details see Table 4, footnote 83.
n.a. Not available.
Note:
Information
p
Preliminary,
Jane 1964
57
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Month of
activity
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable In U. S. Dollars)
Jane
1964
Tr
reasury Bulletin
60
PUBLIC DEBT OPERATIONS
Table 9.- Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
.
Jme 1964
61
PUBLIC DEBT OPERATIONS
Table 9*- Foreign Currency Serlep Securities (Nonmarketable)
IPFued to Official Inetltutlonp of Foreign Countriep - (Continued)
Amount
(Dollar equivalent)
Month of
activity
Security
Payable
Issue
date
Maturity
date
Interest
rate
Total outstanding
end of month
Issued
(In millions of dollars)
Italian lire
1964-April
Bonds
German marks
May,
Bonds
ISwiss
L
Source:
Daily Treasury statement.
3/29/65
6/28/65
9/30/65
3.27
3.30
3.69
Vl/64
Vl/6i
i/l/U
i/l/U
10/1/65
11/1/65
12/1/65
1/1/66
4.04
4.05
4.06
4.07
50
50
50
50
1/24/63
4/2V6i
7/26/65
3.13
3.93
50
5/25/64
9/27/65
8/25/65
2.82
3.84
3.37
30
70
imi
francs
25
75
3/29/63
6/28/63
9/30/63
5/25/6A
Information in this table covers transactions from Inception through May 31, 1964-
50
l
762
50
30
832
Treasury Bulletin
62
.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bondB currently
being sold. Series E has been on sale since May 1, 19*^11
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April JO, 19^1.
Series F and G were sold from May 1, 19*^1 through April
.
30,
1952. Series J and K were sold from May 1, 1952 through
April 30, 1957. Details of the principal changes In Issues,
Interest yields, maturities, and other terms appear In the
Treasury Bulletins of April I951, May I952, May 1957, October and December 1959,
and May and October I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through May 31, 1964
(In millions of dollars)
Source:
Daily Treasury statementjOffice of Debt Analysis in the Office
of the Secretary.
Footnotes at end of Table 4.
i
,....
.
.
Jane 1964
63
.DHITKD STAEEB SAV3B3S BOUTS,
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales
V
Accrued
discount
Sales plus
accrued
discount
Sales
price
Total
2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
40,929
Matured
non interestbearing debt
Series E and H combined
Fiscal years
:
19-41-1956
1957
1958
1959
I960
1961
1962
1963
Calendar years
1941-1956
1957
1958
1959
I960
10,298
1,133
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
3,794
732
755
797
886
1,386
94,761
5,746
5,831
5,680
5,501
5,717
5,753
5,904
742
46,359
86,763
4,507
4,689
4,320
4,350
4,539
4,278
4,760
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
97,625
5,649
5,867
5,489
5,574
5,832
5,650
6,164
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
52,105
4,686
4,129
4,636
4,202
4,122
41,398
41,578
42,589
42,559
43,137
413
399
347
135
112
114
548
510
461
407
364
387
340
306
326
67
382
311
359
323
266
305
59
46
53
46,843
46', 974
47,106
489
399
327
370
89
66
47,231
47,366
357
310
64
47,520
47,637
15,739
3,774
3,350
2,137
3,049 6/
1,188 7/
1,110 S/
771 2/
15,239
3,605
3,235
2,063
2,921
1,129
1,059
722
500
169
116
74
128
59
17,257 i/
4,153
2,395
3,246
16,692
3,982
2,318
3,122
1,646
1,058
909
434
565
1,161
1,174
1,194
1,254
1,331
1961
Months:
1963- July
August. .
September
October.
November
December,
395
333
356
109
110
135
503
443
96i-January
February.
.
471
142
115
613
527
.
413
400
March.
April.
Miy
.
721
731
41 ,498
42,142
42,716
42,715
43,806
U,955
:
1962
1963
1
84,463
4,613
4,670
4,506
4,307
4,464
4,421
4,518
. .
491
121
520
393
439
378
115
494
421
368
116
483
367
3,781
3,882
3,823
783
727
883
794
703
754
733
58
60
U,485
45,499
47,106
46,500
46,647
46,721
47,
58
U7
Series F, G, J, and K combined 4/
Fiscal years
1941-1956.
1957
1958
1959
i960
:
31,683
268
1961
1962
Calendar years
1941-1956
1957
1958
1959
I960
54
54
46
32
27
22
y
51
49
16,568
13,124
9,842
7,787
4,829
3,709
2,652
1,955
312
335
331
303
14,895
10,896
3,603
5,594
4,022
2,973
2,036
1,721
681
1,926
1,902
1,876
137
133
129
124
122
188
:
31,853
980
32,833
74
172
58
52
38
29
25
19
58
52
38
29
25
1961
1962
1963
19
Months :
1963- July
August. .
September
October.,
November
December.
964- January
February.
March. ..
.
April.
May
32,619
352
65
46
32
27
22
1963
1
937
83
65
1
,732 6/7/
1,108 7/8/
963 8/2/
462 2/
37 2/
30
35
77
125
86
50
55
28
196
144
698
655
468
348
318
316
188
32
28
30
38
30
36
28
1,8U
33
31
1,721
45
34
42
32
171
37
35
1,695
1,680
1,654
30
28
46
43
1,621
1,587
146
135
..
Footnotes at end of Table 4.
171
257
222
(Continued on following page)
1,818
152
142
..,.
.
64
Treasury Bulletin
.UNITED STATES SAVINGS BOKDS,
Table 3.- Sales and Redemptions by Periods, Series E through K
-
CContlnued)
{In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2/
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years :
1941-1956
1957
1958
1959
1960
1961
1962
1963
81,238
3,919
3,889
3,688
3,603
3,689
3,674
3,9U
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
91,536
10,863
1,143
1,178
1,169
1,224
1,293
1,372
1,404
94,038
5,018
4,979
4,767
4,856
53,638
4,981
4,951
4,889
5,181
4,394
4,343
4,203
49,844
4,248
4,196
4,092
4,295
3,673
3,613
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
4,122
783
727
5,589
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
3U
5,052
5,049
4,862
4,797
4,943
5,005
5,300
3,461
3,794
732
755
219
191
37,898
37,969
38,067
38,040
37,456
37,817
33,260
39,166
833
794
703
754
733
278
212
199
208
38,087
37,885
38,206
37,743
37,597
38,140
38,587
39,740
67
58
60
17
16
39,262
39,378
39,431
53
17
13
14
39,519
39,630
39,740
66
68
24
18
19
39,801
39,902
39,961
16
14
40,011
40,112
797
886
721
731
742
201
188
Calendar years;
19a-1956
83,176
3,875
3,802
3,598
3,632
1957
1958
1959
I960
1961
1962
1963
3,711
3,624
4,185
5,003
4,996
Months
1963- July
August.
September
358
303
135
112
114
495
469
421
378
337
352
279
291
October.
November.
December.
348
297
317
109
110
135
457
407
452
352
283
329
293
237
276
1964-January.
February.
March. ,
415
142
115
121
547
369
356
484
477
461
366
398
371
300
330
338
334
115
116
453
450
387
335
323
277
3,225
694
782
818
704
775
747
604
3,225
694
194
196
236
217
322
233
260
298
194
196
236
217
322
233
260
298
3,587
631
887
722
718
828
654
575
3,587
631
277
248
198
294
267
235
287
328
277
248
198
294
267
235
287
328
212
199
208
:
360
.
.
April.
May
Fiscal years
1952-1956
1957
1958
1959
i960
1961
1962
1963
. .
,
21
59
46
64
58
:
Calendar years
782
818
704
775
747
604
201
188
219
191
3,031
3,529
4,075
4,676
5,259
5,989
6,695
7,193
;
1952-1956
1957
1958
1959
I960
1961
1962
1963
Months
1963-July
August..
September
887
722
718
828
654
575
2-78
3,310
3,693
4,383
4,811
5,540
6,345
6,912
7,367
:
October,
November.
December.
1964- January.
February.
March. . .
April.
May
Source;
. .
53
41
41
28
27
39
39
35
28
27
35
17
16
4:"
39
47
36
39
30
29
30
30
29
30
13
14
7,324
7,344
7,367
66
44
U
66
44
44
28
27
40
28
27
40
24
18
19
7,429
7,464
7,486
40
34
40
34
34
33
34
33
16
14
7,509
7,524
36
53
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Footnotes at end of Table
21
17
4.
7,239
7,269
7,290
.
,.
Jane 1964
65
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total 1/
Total
Fiscal years
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
Series E
and H
Other
:
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,5W
7,249
8,557
5,819
5,716
5,273
Calendar years;
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962.
1963
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
September
394
419
145
175
145
120
154
123
October,
November.
December.
420
341
391
171
142
133
147
120
110
196i- January .
February,
March, . ,
534
427
476
150
100
253
133
63
227
451
203
210
177
188
Months:
1963-July
August .
April.
May
.
5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
4U
.
,
a3
1,9U
1,633
1,656
1,617
779
-
.
.
66
Treasury Bulletin
OWNERSHIP OF FEDERAX SECURITIES
Table !•- Distribution of Federal Securities by Classes of Investors and Types of Issues
(In niilliona of dollars)
Interest-bearing securities issued
by the U.S. Government
Total
Federal
securities outstanding
1/
End of
fiacal
year or
month
Held by 0. S. Government
investment accounts 2/
Total
outstaading
Public
issues
Total
Special
issues
Interest-bearing securities guaranteed by the U.S. Government /^ Matured
Held by private
investors 2/
Held by
Federal
Reserve
Banks public
issues
Public
marketable
issues
1957
1958
1959
196c
270,634
268,486
274,698
281,833
283,241
55,501
55,842
54, 554
55,259
8,674
9,596
9,799
10,360
46,827
46,246
4i,756
44,899
23,035
25,438
26,04A
26,523
189,949
193,418
201,235
201,459
127,179
134,593
284,817
236,471
1961
1962
1963
289,211
298,645
306,466
285,672
294,442
301,954
56,002
56,296
53,206
10,959
11,357
13,405
45,043
4A,801
27,253
29,663
32,027
202,417
2u8,483
211,721
276,4U
U,939
Held by
Public
nonmarketable
issues
Total
outstanding
Government
investment
accounts
y
debt
and
debt
bearing
no
interest
2/
149,546
62,770
58,825
56,252
51,913
106
101
110
139
151,392
157,418
160,361
51,025
51,065
51,360
240
ia,933
S.
U.
Held by
private
investors
444
605
2,042
1,646
2,873
50
56
54
63
79
46
47
60
3,090
87
167
165
153
277
440
3,300
3,759
3,907
1962- December.
303,988
299,209
55,412
11,987
43,426
30,820
212,977
162,553
50,424
517
160
357
4,262
1963-July
August.
September
305,482
307,209
307,328
300,938
302,525
302,664
56,921
58,726
58,130
13,196
13,207
13,480
43,724
45,519
44,650
32,468
32,391
32,563
211,550
211,408
211,971
160,102
159,903
160,505
51,
U8
51,505
51,466
645
673
692
131
190
191
464
483
502
3,898
4,011
3,972
October.
November.
December.
307,147
308,933
310,089
302,458
304,093
305,a3
57,038
57,562
57,796
13,755
14,009
14,137
43,283
43,553
43,658
32,758
33,667
33,593
212,662
212,864
213,825
161,095
161,129
162,089
51,567
51,734
51,735
704
717
741
188
187
184
517
530
557
3,984
4,122
4,134
196A- January.
February,
March
309,339
311,150
310,408
304,499
306,132
305,405
56,361
57,269
57,450
14,444
14,385
14,229
41,917
42,883
43,221
32,753
33,169
33,770
215,384
215,695
214,185
163,631
163,893
162, U9
51,753
51,301
51,736
755
787
817
189
192
192
566
595
625
4,085
4,231
4,186
April
May
308,402
312,337
303,385
307,214
55,934
59,197
13,930
14,162
42,004
45,034
33, 1&?
214,232
213,788
162,476
161,836
51,806
51,952
801
804
171
157
630
647
4,216
4,319
.
34,229
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for seciirities held by U. S. Government
investment accounts; and reports from Federal Reserve System for
seciirities held by Federal Reserve Banks,
Includes certain obligations not subject to statutory limitation.
For
amounts subject to limitation, see page 1.
Includes accounts under the control of certain U. S, Government agencies
whose investments are handled outside the Treasury,
Source:
J/
1/
4^
2/
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding the
amount held by U. S, Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury V
(In millions of dollars; negative figures are net sales)
Year
1940
1941.
1942,
1943,
1944,
1945,
1946,
1947,
1948,
1949,
1950,
1951,
1952,
1953,
1954,
1955,
Jan.
-9.5
-2.8
-.5
-14,5
-9.9
-67.5
-8.1
Feb,
-20.9
12.0
30.0
-90.3
-105.1
-48.1
-.7
22.1
24.6
7.0
23.0
-5.7
5,8
-72,9
-11.5
-5,9
-4,7
,1
-6,6
36.8
Mar.
177.4
-1.8
13.5
261.2
6.7
8.8
-4.0
77,2
106,8
5.1
6,3
482.7
.5
12.9
-22.4
l.'^.g
-1,3
14.3
-123.4
72.
-155.
14.1
17,5
23.
16.
-5,6
76.9
-21.
56.1
1962,
47.
1963,
1964,
80.7
148.7
1956,
1957,
1958,
1959,
I960,
1961
1/
-9,
142,1
101.1
10.7
13.4
10.6
62.2
43.1
Apr.
-1.6
-.7
June
May
-16.5
-55.6
3.3
-61.3
-12.1
1,5
Sept.
.4
.9
-.3
.4
.3
«
-35.2
-10.0
-34.4
-145.8
20.5
-56.4
-69.8
-359.2
.4
-338.6
8.4
19.9
36.2
-2.9
29.9
-30.4
-54.7
-1.9
11.4
2.9
35,9
2,8
56,2
46.7
35.4
-2.1
313.4
-86.3
1.1
Aug.
-.2
.3
.4
July
5.7
U.O
53.1
18.9
16.4
19.5
18.2
21.8
24.2
39.9
293.5
111.3
32.3
U.6
656.2
155.8
Consists of purchases or sales made by the Treasury of securities issued
or guaranteed by the U. S. Government for (1) trust funds which by law
are under the control of the Secretary of the Treasury or of the
Treasurer of the United States, and (2) accounts under the control of
certain U. S. Government agencies whose investments are handled through
the facilities of the Treasury Department.
It will be noted that these
Oct.
-4.4
-.2
Nov.
Dec.
-.3
-1.1
60.0
-5.0
-5.9
4.8
-12.0
-2.3
-67.8
-18.5
-17,0
-157,8
-609.1
-3.4
-15.8
-19.0
-.2
-41.2
-308.1
-4.5
-2.7
-28.1
-12.5
-74.1
-123.1
-123.0
-14.1
-57.6
221.0
-20.3
696.4
.1
-1.7
3.5
1.5
20.1
-45.5
22.5
4.4
3.8
-2.0
4.7
7.2
4.6
5.1
5.4
-.1
8.2
1.4
7.9
-21.7
74.8
5.0
2.8
3.5
38,4
-10,0
11.8
5.8
8.4
16.5
17.0
21.1
-30.7
-.8
11.5
10.7
-3.6
11.7
-1.1
14.2
7.9
-.2
-.1
7.0
29.0
8.2
71.6
105.5
57.3
-25.4
21.3
33.3
43.7
113.1
39.7
27.8
19.5
436,7
33.8
1.1
-88.4
393.8
15.8
177.2
9.9
-14.5
15.4
-8.7
73.9
.2
49.2
182.4
1.9
.4
-17.2
20.3
1.0
.3
32,2
35.5
25.6
61.9
44,4
8.4
10.3
10.6
23.3
3.4
17.3
-304.4
25.1
325.5
56.2
26.6
17.3
41.1
25.5
36.3
-23.3
-59.0
33.5
373.1
345.7
U5.5
9.4
26.4
19.1
18.3
83.9
-67.3
55.1
.6
41.0
234.8
transactions differ from those reflected in Table 1 because they
exclude those Government investment accounts for which investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, as amended {31 U.S.C.
754a), and excludes the Exchange Stabilization Fund.
Less than $50,000.
.
)
.. .
Jane 1964
67
OWNERSHIP OF FEDERAL SECURITIES.
Table 3.- Betlmated Ownership of Federal Securities
(Par values 1/ in billions of doll ars
Held by banks
End of
month
Total
Federal
securities
outstanding 2/
U.
Commercial
banks
2/
Federal
Reserve
Banks
Held by private nonbank investors
S.
Government investment
accounts
Individuals 4/
Total
Savings bonds
Total
Series
E and H
Other
series
Other
V
securities
Insurance
companies
Mutual
savings
banks
State
and
local
Foreign
and intertions 6/
national
govern2/
ments
Corpora-
1939-Dec..
47.6
15.9
6.5
22.7
10.1
1.9
8.2
6.3
3.1
1940- Jime.
4«.5
50.9
16.1
17.3
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
.4
.5
.2
.2
55.3
64.3
19.7
21.4
8.5
9.5
25.0
31.0
11.2
13.6
1.1
3.4
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
.6
.7
.4
1942- June...
Deo
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
3.7
6.9
5.4
6.5
9.2
11.3
3.9
4.5
4.9
10.1
1.0
.4
.8
1943-Jiine...
Deo...
140.8
170.1
52.2
59.9
7.2
11.5
U.3
16.9
67.0
81.7
30.9
37.6
11.3
16.0
7.9
8.7
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2.1
1.3
1.5
1944- June...
Dec...
202.6
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
1.4
1.7
1945- June...
Deo....
259.1
278.7
84.2
90.8
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.
1946-Feb. 2/.
June. . .
Deo
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
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'
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.
19.9
20.1
24.4
24.9
24.9
1947- June....
Deo
258.4
257.0
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
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
1948- June
Deo
252.4
252.9
21.4
23.3
35.8
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
1949- June
Deo
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
1950- June
Deo
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
1951- June
Deo
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
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
1952-June
Deo
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
5.3
1953- June
Dec
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
19 54- June...
Deo....
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
16.6
19.2
13.9
14.4
6.
1955-June...
Deo....
274.4
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
U.5
15.0
14.6
8.7
8.5
18.8
23.5
14.7
15.4
6.8
7.5
1956-June...
Deo
272.8
276.7
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
8.4
8.0
17.7
19.1
16.1
16.3
7.9
7.8
1957-June...
Dec
270.6
275.0
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
1958-June.
Dec
276."4
Dec.
1941- June.
Dec.
2.5
.2
U.4
U.l
.2
.9
.2
2.
2.
2.
6. 3
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
1959- June
Deo
284.8
290.9
61.5
60.3
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
20.8
22.8
16.9
18.0
10.1
12.0
1960- June
Dec
286.5
290.4
55.3
62.1
26.5
27.4
55.
149 '.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.,6
55.
18.8
18.7
12.3
13.0
1961- June..
Dec...
289.2
296.5
62.5
67.2
27.3
28.9
56.
143.3
145.9
63.1
65.0
43.6
54.
U.2
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
19.3
18.7
12.7
13.4
1962- June..
298.6
304.0
65.2
67.2
29.7
30.8
56.5
55.6
147.3
150.4
64.7
65.2
44.6
45.1
2.0
1.8
18.1
18.3
11.3
11.5
6.3
6.1
19.6
19.7
19.5
U.l
20.1
303.9
305.2
303.5
303.7
305.8
306.5
305.5
307.2
307.3
307.1
308.9
310.1
66.7
65.8
64.7
65.1
63.9
64.4
63.3
61.7
63.0
63.1
62.7
64.1
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
54.5
55.1
55.1
54.3
57.1
58.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.5
154.1
154.8
154.4
65.6
65.8
66.3
65.8
65.4
65.5
66.0
66.1
66.5
66.6
66.8
66.8
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
18.7
19.1
18.4
18.0
18.1
18.4
18.4
18.7
18.8
18.9
18.8
11.5
11.4
11.2
11.1
11.0
10.8
10.9
10.9
11.0
11.0
11.0
11.0
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21.0
21.6
20.7
21.0
22.2
20.2
20.5
21.3
19.6
20.4
21.6
20.7
19.9
19.9
20.1
20.5
20.5
20.7
20.9
21.2
20.9
20.7
20.3
20.8
15.3
15.2
15.4
15.6
15.9
15.8
15.6
15.9
16.0
15.9
16.0
15.9
62.6
61.9
61.2
60.6
32.8
33.2
33.8
33.2
56.5
57.5
57.6
56.1
157.4
158.6
157.8
158.5
67.3
67.6
67.8
67.2
46.8
46.9
47.0
47.1
1.3
1.3
1.3
1.2
19.2
19.4
19.5
18.9
11.1
11.0
10.9
10.8
5.9
6.0
6.1
6.0
22.0
23.0
22.0
22.3
21.0
309.3
311.1
310.4
308.4
15.9
15.9
15.6
15.3
.
Deo...
1963- Jan...
Feb...
Mar...
Apr. ..
May...
June.
July..
Aug...
Sept..
Oct...
Nov. .
Deo...
1964- Jan...
Feb...
Mar...
Apr. p.
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-f and J, are included at
current redemption value.
excluding
2/ Securities issued or guaranteed by the U. S. Government,
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.
7/
2/
6..9
6..3
21 .'4
21.9
22.6
15.3
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
international
Consists of the investments of foreign balances and
accounts in the United States.
institutions,
Consists of savings and loan associations, nonprofit
corporate pension trust funds, and dealers and brokers.
Preliminary.
p
Immediate postwar debt peak.
6d
Treasury Bulletin
.THEASURy
SDWEY OF OWNERSHIP, APRIL
The monthly Treasury Survey of Ownership covers securities Issued by the United States Oovernment and by Federal agencies. The banks and Insurance companies Included
In the Survey cuivently account for about 90 percent of all
such securities held by these Institutions. The similar
proportion for corporations and for savings and loan asso-
ciations le 50 percent, and for State and local governments,
70 percent. Data were first published for banks and In-
surance companies In the May I9IH Treasury Bulletin, for
Section
I
-
30, 1964,
corporations and savings and loan associations In the September 1960 Bulletin, and for State and local governments
In the February 1962 Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 3I. Holdings by corpo-
rate 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
June 1964
69
.TREASUro SURREY OF OWNERSHIP, APRIL 30, 1964
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - milllone of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding
Issue
6,046
commercial
banks
503
mutual
savings
banks
298
life
2/1/
Treasury bills:
Regular weekly:
May
196i - July
Aug.
196/1 - Oct.
1964
1964
488 fire,
casualty,
and
marine
488
savings
and loan
associa-
3,424
1,744
Tax anticipation:
June 1964.
2,501
115
One-year:
July 1964
Aug.
1964
Sept. 1964
Oct.
1964
Nov.
1964
Dec.
1964
Jan.
1965
Feb.
1965
Mar.
1965
1,998
1,001
1,002
1,000
1,005
1,000
1,000
1,001
1,001
254
153
122
146
16
29
26
8
271
4
146
251
18
12
23
4
475
401
1
51,049
7,501
369
141
275
257
4,193
331
2,016
4,400
2,045
4,086
3,867
5,961
1,816
7,977
7,268
2,954
5,653
5,820
3,475
4,433
490
466
315
675
357
270
457
212
115
808
20
56
83
23
2
11
6
65
26
10
12
512
782
106
6
15
1
523
112
123
Total Treasury bills
Certificates of Indebtedness:
3-1/4? May
1964-B
Treasury notes:
1964-D
3-3/4J May
May
4-3/4
1964-A
1964-B
Aug.
5
3-3/4
Aug.
1964-E
4-7/8
No/.
1964-C
Nov.
1964-F
3-3/4
4-5/8
May
1965-A
May
1965-C
3-7/8
3-7/8
1965-D
Aug.
3-1/2
Nov.
1965-B
1966-B
3-5/8
Feb.
Aug.
1966-A
4
Feb.
1967-B
3-5/8
3-3/4
Aug.
1967-A
1-1/2
Oct.
1964-EO
1-1/2
Apr.
1965-EA
1-1/2
Oct.
1965-EO
1-1/2
Apr.
1966^EA
1-1/2
Oct.
1966-EO
1-1/2
Apr.
1967-EA
1-1/2
Oct.
1967-EO
1-1/2
Apr.
1968-EA
1-1/2
Oct.
1968-EO
1-1/2
1969-EA
Apr.
Total Treasury notes
Treasury bonds:
2-1/2J June 1962-67
2-1/2
1963-68
Dec.
2-1/2
June 1964-69
2-1/2
Dec.
1964-69
2-5/8
Feb.
1965
2-1/2
1965-70
Mar.
2-1/2
Mar.
196^71
3-3/4
May
1966
Aug.
1966
3
3-3/8
Nov.
1966
2-1/2
June 1967-72.;
2-1/2
Sept. 1967-72
Nov.
1967..
3-5/8
2-1/2
1967-72
Dec.
3-7/8
May
1968
3-3/4
Aug.
1968
3-7/8
1968
Nov.
Feb.
1969
4
Oct.
1969
4
Aug.
1970
4
Aug.
1971
4
3-7/8
Nov.
1971
Feb.
1972
4
Aug.
1972
4
Aug.
1973
4
3-7/8
Nov.
1974
May
1975-85
4-1/4
3-1/4
June 1978-83
,
,
,
,
2_
350
304
1,208
2,005
1,538
1,611
3,068
2,460
1,870
2,559
82
204
157
2,2U
1,218
1,587
11
6
23
6
5
4
118
45
5
11
12
11
10
8
12
15
1
51
7
17
14
3
45
41
41
63
4
98
1
49
27
90
166
1
50
2
42
91
1
85
141
127
91
8
3
112
13
5
28
105
19
21
95
60
43
66
13
11
2
2U
8
11
11
7
81
5
22
46
2
3
«
31
169
1,147
41
6
96
43
75
72
103
146
162
98
180
165
84
1,014
209
200
13
120
73
50
17
26
59
66
98
62
72
169
78
88
136
213
112
159
148
169
251
89
78
37
7
140
114
9
1
5
43
16
17
121
15
42
4
14
19
26
23
69
35
69
52
147
125
95
93
67
45
31
80
127
80
22
93
39
83
66
186
70
25
84
109
50
48
97
31
2,322
2,016
1,325
2
329
237
145
664
626
867
746
1,617
420
206
1,382
655
799
168
924
1,180
244
721
2,028
785
800
578
1,623
1,066
972
923
693
1,276
313
66
2,579
3,894
15
19
1,460
1,814
2,628
2,540
3,976
2,417
1,405
2,862
1,024
1,851
1,305
1,952
3,604
2,745
2,460
3,747
1,591
2,3U
32
18
1
21,123
2,537
4,129
2,806
2,760
164
90
65,130
1,8U
5
79
9
corporations
tions
26,831
11,709
169
82
4ffl
512
19
46
60
61
18
^)
22
38
19
31
46
61
112
74
51
150
47
67
72
119
86
169
112
124
165
113
25
38
128
70
Jme 1964
71
TREASDHY
Section
SUWEY OF OWNERSHIP, APRIL
30, 196-i
Treasury Bulletin
72
MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 28, 196i
Current market quotations ehown here are over-thecounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The eecurltlee listed Include all regularly quoted public
marketable securities Issued by the United States Treasury.
Outstanding Issues which are guaranteed by the United
States Government are excluded.
Table 1.- Treasury Bills
Amount outstanding (millions)
.
Jane
1964
73
MARKET QUOTATIONS ON TREASURY SECURITIES, MAY
28, 1964
Table 3.- Treasury Bonds
(Price decimals are 32nds)
Price range since first traded 2/
Amount
out-
Description
standing
(millions)
»3,976
2,862
l,02i
1,851
2-5/8?
3-3/4
To first
call or
Change
from
last
month
Issue
date
3.53%
3.99
3.88
3.94
3.34
.Olit
.02
6/15/58
11/15/60
2/28/58
3/15/61
5/5/42
100.13
102.11
103.20
100.06
108.12
6/5/58
5/15/61
4/21/58
5/15/61
4/6/46
89.00
99.07
89.24
97.10
84.22
1/6/60
4/7/64
1/6/60
12/12/61
9/15/59
.07
.07
.08
.08
.03
3/15/61
6/23/60
4/18/62
9/15/63
12/1/42
100.26
102.04
101.06
99.17
108.03
12/24/62
5/12/61
12/26/62
10/3/63
4/6/46
97.18
93.11
97.29
98.13
82.08
8/8/61
6/9/60
3/24/64
3/24/64
1/6/60
8/15/62
4/15/43
10/1/57
9/15/43
2/1/44
102.08
107.25
110.14
12/24/62
4/6/46
107 24
107.23
4/6/46
4/6/46
99.07
81.10
94.04
81.04
30.10
3/24/64
1/6/60
12/30/59
1/6/60
1/6/60
93.21
79.28
98.14
97.16
98.06
3/24/64
1/6/60
4'3/64
4/3/64
3/24/64
79.12
98.06
78.24
79.06
93.01
100.06^
1/6/60
3/24/64
1/6/60
1/6/60
3/25/64
5/1/64
92.08
93.08
91.02
82.06
82.04
98.10
1/6/60
1/6/60
4/14/64
1/6/60
1/6/60
5/19/60
84.08
100.00
97.06
98.00
79.08
87.06
1/6/60
3/30/64
1/13/64
3/30/64
1/6/60
3/30/64
mattirity
2/
Low
High
Price
Date
1,«6
3-3/8
2-1/2
2/15/65
5/15/66
8/15/66
11/15/66
6/15/62-67
3,604
2,460
3,747
1,591
1,814
3-5/8
3-7/8
3-3/4
3-7/8
2-1/2
11/15/67
5/15/68
8/15/68
11/15/68
12/15/63-68
98.21
99.09
98.23
99.07
94.05
+.09
+ .08
+ .07
4.05
4.07
4.08
4.07
3.92
1,8U
4
2-1/2
2/15/69
6/15/64-69
10/1/69
12/15/64-69
3/15/65-70
99.30
93.08
99.29
92.20
92.07
+.15
+.09
+.13
+.09
+ .08
4.01
3.99
4.02
4.00
4.02
.11
+ .13
+.06
4.10
4.03
4.13
4.17
4.18
.08
.02
100 14
12/1/U
.07
2,3U
99.14
91.00
99.07
98.05
98.27
6/20/63
2-1/2
4
3-7/8
4
8/15/70
3/15/66-71
8/15/71
11/15/71
2/15/72
3/1/62
5/15/62
11/15/62
107.22
101.27
100.28
101.20
8/2/63
4/6/46
12/26/62
12/26/62
12/26/62
1,299
2,579
1,952
2,743
3,894
1,531
2-1/2
4
2-1/2
2-1/2
4
4-1/4
6/15/67-72
8/15/72
9/15/67-72
12/15/67-72
8/15/73
5/15/74
89.08
98.28
88.28
88.24
98.15
100.11
+ .11
6/1/45
9/15/62
10/20/41
11/15/45
9/15/63
5/15/64
106.16
101.20
109.18
106.16
99.05
100.13
4/6/46
12/26/62
4/6/46
4/6/46
10/1/63
5/15/64
2,244
2,610
1,914
1,587
1,129
1,218
3-7/8
4
3-1/2
3-1/4
3-1/4
4-1/4
11/15/74
2/15/80
11/15/80 4/
6/15/78-83
5/15/85
5/15/75-85
V
V
V
V
V
97.10
98.08
92.00
87.24
87.00
100.10
+ .10
+ .16
4,908
3-1/2
4-1/4
4
4-1/8
2/15/90 4/
8/15/87-92
2/15/88-93
5/15/89-94
2/15/95
11/15/98
89.14
101.04
97.12
+ .26
2,628
2,537
2,540
2,416
4,129
1,404
2,806
2,760
365
250
1,560
2,468
4,441
1/
2/
Change
from
last
month
3
4
2-1/2
2-1/2
4
3
3-1/2
V
V
V
V
V
99.12
99.18
98.05
98.22
96.06
+.02^
+.04
98.26
85.12
88.14
+ .02
+.08
+ .01
+ .10
+.11
+ .15
+ .13
+.08
+.09
+.10
+ .14
+.04
+ .24
+.22
+ .20
+ .06
+.26
-.04
+.16
+1.08
+.26
.05
.00
.09
.04
.08
.04
.03
..06
.03
.
.
4,'21/58
4.08
4.16
4.10
4.07
4.20
4.21
-.04
-.04
4.20
4.15
4.18
4.19
4.19
4.21
.03
.05
.06
.05
.05
.03
12/2/57
1/23/59
10/3/60
5/1/53
6/3/58
4/5/60
110.24
103.18
97.24
111.28
101.04
105.28
4/22/58
5/12/61
5/12/61
8/4/54
6/11/58
4.17
4.17
4.16
4.20
.06
.06
2/14/58
8/15/62
1/17/63
4/18/63
2/15/55
10/3/60
106.26
104.10
100.11
100.26
101.12
95.14
4''21/58
-.03
..06
..02
.01
.02
.08
.05
3.81
4.13
Amount issued on June 2, 1964, was $1,000 million.
Beginning April 1953, prices are closing bid quotations in the over-thecounter market. Prices for prior dates are the mean of closing bid
and ask quotations, except that before October 1, 1939, they are closing
prices on the New York Stock Exchange. "When issued" prices are included
Dates of highs and lows In
in the history beginning October 1, 1939.
2/
V
5/5/61
12/26/62
1/16/63
8/23/63
6/8/55
5/12/61
Date
case of recurrence are the latest dates.
On callable issues market convention treats the yield to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
Included in the average yield of long-term taxable Treasury bonds
as shown under "Average Yields of Long-Term Bonds."
Treasury Bulletii
74
MARKET QUOTATIONS ON TREASURY SECURITIES, MAY 28, 1964.
^
s
..
s
s
Ijme 1964
75
AVERAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Treasury and
Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
An ual series - calendar year averages of monthly
series
2.46
2.47
2.48
2.37
2.19
2.25
2.44
2.31
19i2
1943
19U
1945
19i6
19A7
19i8
1949
2.83
2.73
2.72
2.62
2.53
1950
2.32
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1951
1952
1953
1954
1955
1956
1957
2.61
2.82
2.66
2.62
2.86
1958....
1959....
I960....
2.%
3.20
2.90
3.06
3.36
3.89
3.43
4.08
4.02
3.90
3.95
4.00
1961
1962
1963....
3.79
4.38
4.41
4.35
4.32
4.26
Monthly series - averages of daily series
reasury
bonds 1/
1
Period
Moody's
Aaa
Treasury
corporate bonds 1/
bonds
1953
January .
February
March ....
April
May
2.80
2.83
2.89
2.97 2/4/
Moody'
Aaa
corporate
bonds
Treasury
bonds 1/
Treasury
bonds 1/
1955
2.68 2/
2.78
2.78 2/
2.82
2.93
2.99
3.02
2.81
2.82
3.04
3.05
3.92
3.92
4.01
4.08
4.09
3.28
3.24
3.29
3.16
2.91
3.06
4.11
2.95
2.92
2.87
2.89
3.11
4.10
4.26
June
3.02
3.02
2.98
2.83
2.86
2.79 2/
1954
2.69
2.62
2.53
2.48
2.54
2.55 2/
3.06
2.95
2.86
2.85
2.88
2.90
2.88
2.85
2.93 2/
3.07
2.97
2.93
July
August...
September
October.
November
December.
2.47
2.48
2.52
2.54
2.57
2.59 2/
2.89
2.87
2.89
2.87
2.89
2.90
3.00
3.17
July
August.
.
September
October..
November
December,
January
February.
March...
April
May
.
Period
3.11
3.13
Treasury
bonds
^
3.11
3.13
3.91 2/
3.01
3.13
3.10
3.10
3.15
2.91
4.11 2/
4.12
4.27
1956
3.21
3.20
3.30
3.40
Moody's Aaa
corporate
bonds
4.37
4.22
4.08
4.18 2/
4.16
3.98
3.08
3.10
3.24
3.28
3.27
3.28
3.43
3.56
3.59
3.69
3.75
Period
3.86
3.79
3.84 2/
3.91
3.93
3.88
Treasury
bonds _1_/
,32
3.81
,27
3.78
3.80
3.73
3.88
.22
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
4.61
4.08
4.09
4.41
4.28
4.25
4.30
4.31
4.35
Moody's Aaa
corporate
bonds
corporate
bonds
4.21
4.33
3.89 2/
3.92
3.93
3.97 2/
3.97
4.00
4.41
4.01
4.45
4.45
4.42
4.39
4.42
3.99
4.04
4.07
4.11
4.14
4.26
4.29
4.15
4.14
3.89
3.88
3.90
4.42
4.42
4.39
4.33
4.28
4.28
4.02 2/
3.98
3.94
3.89
3.87
3.87
4.34
4.35
4.32
4.28
4.25
4.24
.25
.27
4.01
Period
4.19
4.19
4.21
4.22
4.23
4.31
4.32
4.33
4.35
1%4
1962
4.56
4.49
4.45
4.46
4.45
Moody'
Aaa
1963
3.89
Weekly series - averages of daily series for weeks ending
1963- Deo.
Treasury
bonds 1/
1961
4.12
4.14
4.13
4.23
4.37
4.46
1960
3.11
Moody
Aaa
corporate
bonds
'
Treasury
bonds 1/
1959
3.02
3.07
3.12
3.23
3.34
3.40
June
Moody's
Aaa
corporate
bonds
4.18
4.20
4.16
Treasury
bonds j/
4.37
4.36
4.38
4.40
4.a
Moody's Aaa
corporate
bonds
76
Treasury Bulletin
AVERAGE YIELDS OF LONG-TEHM BONDS
cn
o
z
o
m
UJ
a:
o
a.
ir
o
o
>CO
o
z
o
C/)
o
_l
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UJ
w
., .,..
Jane
1964
77
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(In millions of dollars except per capita figures)
End of fiscal
year or month
I
Paper money 2/
Total
money in
circulation 1/
1955.
1956.
1957.
1958.
1959.
30,229
30,715
31,082
31,172
Total
paper
money
Gold
certificates
Silver
certificates
Treasury
notes of
1890
United
States
notes
Federal
Reserve
notes
National
bank
notes
34
33
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
147
133
120
110
67
64
62
9U
28,372
23,767
29,040
29,071
29,699
I960.
1961.
1962.
1963.
32,065
32,405
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
100
78
56
54
53
37
1962-December.
35,338
32,557
20
2,001
315
30,102
81
38
1963- July
August. , .
September,
35,663
35,850
35,891
32,759
32,924
1,823
1,805
1,816
318
317
316
30,484
30,667
30,678
78
73
37
37
9U
20
20
20
77
37
36,177
37,227
37,692 2/
33,217
34,241
34,662
20
20
20
1,822
1,846
1,877
321
325
321
30,941
31,938
32,331
76
76
76
37
37
37
February.
March. . ..
36,247
36,312
36,799
33,226
33,268
33,694
20
20
20
1,737
1,718
1,730
306
312
320
31,051
31,107
31,513
75
75
37
74
36
April.
36,885
33,746
19
1,714 1/
322
31,580 6/
74
36
31,
October.
November.
December.
1964.- January.
32,
V
Coin
End of fiscal
year or month
Total
coin
Standard
silver
dollars
Subsidiary
silver
Minor
coin
433
453
59
57
92
85
37
Money in
circulation
per capita
(in dollars) 7/
1955.
1956.
1957.
1958.
1959.
1,858
1,948
2,042
2,101
2,215
223
237
253
268
235
1,202
1,259
1,315
1,346
1,415
5U
182,90
182.64
181,52
179,08
180,20
1960.
1961.
1962.
1963.
2,338
2,462
2,652
2,878
305
329
360
411
1,484
1,548
1,663
1,790
549
585
629
676
177.47
176.45
130.98
187.40
1962-December.
2,781
385
1,739
658
187.91
2,904
2,926
2,947
420
428
432
1,803
1,812
1,824
682
685
690
188.17
188.90
188,86
October, .
November,
December,
2,960
2,986
3,030
436
440
452
1,829
1,846
1,872
696
700
706
190,13
195.31
197.54
1964- January,
February,
March
3,021
3,044
3,105
455
459
481
1,859
1,871
1,905
708
713
719
189.76
189.89
192.23 t/
3,139
482
1,933
724
192.47
1963- July
August. .
September.
.
.
I
Federal
Reserve
Bank
notes
April.
Source:
Circulation Statement of United States Money.
1/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve Banks and agents.
Z/ The following paper currencies are in process of retirement and are
redeemable from the general fund of the Treasury: Gold certificates
issued before January 30, 1934, silver certificates issued before
July 1, 1929, Treasury notes of 1890, Federal Reserve notes issued
before the series of 1928, Federal Reserve Bank notes, and national
bank notes.
The Treasury notes of 1890 have been in process of retirement since March 1900 (31 U.S.C. 411) upon receipt by the Treasury,
the Federal Reserve Bank notes since June 12, 1945 (12 U.S.C, 44.5 note),
and the national bank notes since December 23, 1915 (12 U.S.C. 441).
Retirement of the others was authorized by the Old Series Currency
Adjustment Act, approved June 30, 1961 (31 U,S,C. 912-916), The^
act authorizes the Secretary of the Treasury to determine from time
to time the amount of currency of the following types which have
books
been destroyed or lost, and to reduce the amounts thereof on the
Gold certificates issued before January 30, 1934;
of the Treasury:
notes,
silver certificates. United States notes. Federal Reserve Bank
2/
2/
474
487
and national bank notes all issued before July 1, 1929; Federal
notes
Reserve notes issued prior to the series of 1928; and Treasury
Accordingly, the Secretary of the Treasury has determined
of 1890.
irretrievathat the following paper currencies have been destroyed or
On October
bly lost and so will never be presented for redemption:
and on August 27,
20, 1961, $1 million of Treasury notes of 1890;
silver certifi1962 $9 million of gold certificates, $15 million of
million of Federal
cates, $18 million of Federal Reserve notes, »1
notes.
Reserve Bank notes, and $15 million of national bank
Highest amount to date.
Issued prior to January 30, 1934.
Includes $15 million Issued before July 1, 1929.
1928.
Includes $18 million issued prior to the series of
population. Through fiscal
Based on the Bureau of the Census estimated
conterminous United States
1958 the estimated population is for the
outlying areas such
(that is, exclusive of Alaska, Hawaii, and the
Beginning with fiscal
as Puerti Rico, Guam, and the Virgin Islands).
fiscal 1960, Hawaii.
1959 the estimates include Alaska, and with
Revised.
r
Less than $500,000.
.. ....
Treasury Bulletin
78
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts in millions)
End of fiscal
year or month
Gold
Silver
($35 per
($1 .29+
per
fine ounce)
fine ounce)
1955
1956
1957
1958
1959
I960
,677.6
,799.1
15,632.9
15,581.9
15,581.6
4,313.9
4,313.5
4,311.5
21.6
21.7
21.7
15,582.9
15,582.2
15,513.0
4,298.2
4,275.2
4,265.7
21.6
21.5
21.6
15,512.0
15,461.7
15,i6c.7
4,258.6
4,255.8
4,250.2
21.5
21.6
21.6
15,462.1
4,239.0
21.5
,322
,550
,i35
733
1962
1963
1962-Deceniber.
1963- July
August, . .
September.
October. .
November.
December.
1
15.3
15.5
15.4
16.8
18.3
18.5
19.9
20.8
21.5
,978
3,922.4
3,994.5
4,116.6
4,306.0
4,414.1
4,394.5
4,346.5
4,317.4
4,315.2
4,318.2
,622.9
,356.2
704
1/
1961
96^- January .
February
March. . .
April.
Source: Circulation Statement of United States Money,
silver monetary stock see Table 4.
Ratio of silver to
cold and silver in
monetary stocks
(in percent)
For detail of
1/
See Table
3,
21.3
footnote 3.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates,
etc. 2/
1955
1956
1957
1958
1959
I960
21,690.4
21,949.5
22,781.0
20,534.3
19,455.9 2/
17,766.6
16,889.0
15,978.1
15,513.0
15,632.9
15,581.9
15,581.6
21,199.1
21,458.3
22,272.9
20,138.2
19,350.5
17,665.6
16,771.2
15,852.1
15,392.9
15,502.3
October. .
November.
December.
15,582.9
15,582.2
15,513.0
15,466.4
15,450.0
15,392.9
964- January .
February.
March
15,512.0
15,461.7
15,460.7
15,462.1
15,386.6
15,184.8
15,190.1
1961
1%2
1963
1963-July
August.
September.
. .
1
.
April.
Source: Circulation Statement of United States Money.
1/ Treasury gold stock; does not include gold in Exchange Stabilization
Fund.
See "International Financial Statistjcs," Table 1.
2/ Comprises (1) gold certificates held by the public and in Federal
Reserve Banks; (2) gold certificate credits in (a) the gold
certificate fund - Board of Governors, Federal Reserve System, and
(b) the redemption fund - Federal Reserve notes; and (3) reserve
15,U7.5
15,464.5
15,350.9
.Balance of gold in
Treasurer's account
491.2
..
i
.
June 1964
79
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(
In millions of dollars)
Silver held In Treasury
Silver outside
End of calendar
year or month
Securing silver certificates 1/
Silver
bullion 2/
Treasxiry
In Treasurer' s account
Total
silver
at $1.29+
per fine
ounce
Silver
dollars
Subsidiary
coin J/
Silver
bullion
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
456.3
1,283.2
1,338.2
1,402.6
1,513.4
1,576.0
1,650.5
1,756.0
1,887.2
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4,375.6
4,308.6
4,318.2
4,265.7
V
Silver
dollars 1/
Subsidiary
coin 2/
1955
1956
1957
1958
1959....
I960
1961
1962
1963
2,19i.i
2,208.9
2,212.9
2,2i5.0
2,251.
2,252.1
2,237.5
2,139.1
1,981.5
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
15.7
2.3
8.2
3.2
2.6
3.6
3.4
3.7
17,9
63.0
92.3
148.3
127.4
88.2
24.2
29.7
18.0
1963- July
August..,,
September.
2,071.9
2,052.5
2,039.9
56.4
48.2
45.5
3.9
6.1
3.9
28.5
31.6
32.7
429.6
437.6
440.2
1,824.5
1,839.7
1,852.1
4,313.9
4,313.5
4,311.5
2,022.3
1,999.2
1,981.5
42.8
35.2
28.5
4.9
4.9
3.7
33.1
24.3
13.0
U3.0
450.0
456.3
1,855.4
1,865.2
1,887.2
4,298.2
4,275.2
4,265.7
1964-January. .
February,.
March
1,970.5
1,948.3
1,923.9
27.8
24.3
3.0
14.6
15.6
17.0
19.6
19.2
457.0
460.5
481.8
1,889.7
1,904.2
1,923.4
4,258.6
4,255.8
4,250.2
April
1,894.1
2.9
12.8
17.6
48I.8
1,949.2
4,239.0
October. .
November.
December.
Source:
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
1/ Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government.
2/
U.9
U.7
2/
4/
1,U6.2
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 recoinage of subsidiary silver coins.
6
7
..
Treasury Bulletin
80
MONETARY STATISTICS,
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Newly mined silver 2/
Misc. silver
(incl. silver
bullion held
June U, 193i)
Silver Purchase Act
of June 19,
193i 2/
Nationalized
silver
(Proc. of
Aug. 9, 193i)
,038.5
,101.7
,146.9
,198.9
43.7
43.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
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
833.7
833.7
833.7
833.7
833.7
833.7
333.7
833.7
833.7
833.7
833.7
833.7
34.5
34.7
34.7
34
34
34
34
34
34
34
34
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34.7
. .
1,170.0
1,173.7
1,178.8
48.7
48.7
48.7
833.7
833.7
833.7
October.
November.
December.
1,185.1
1,189.7
1,198.9
48.7
48.7
48.7
1964 -January.
February.
March
1,208.4
1,214.3
1,219.8
1,224.6
1,230.2
1935
1936
1937
1938
1939
19^0
,
,
19a
1942
1943
18.5
46.1
63
69
91
122
182
245
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
19U
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1963- July
August
September.
.
.
.
April
May
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
43.7
48.7
48.7
48.7
48.7
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939 and
July 31, 19i6 2/
16.8
36,0
58.0
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bxillion
at cost in
Treasurer's
account
^
87.6
87.6
87.6
87.6
87.6
37.6
37.6
87.6
87.6
37.6
87.6
87.6
87.6
87.6
87.6
87.6
4.2
25.7
43.3
63.6
65.3
65.4
65.5
66.5
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.3
150.8
155.2
156.4
166.0
167.9
167.9
167.9
167.9
167.9
326.2
422.1
508.1
616.0
705.6
759.4
799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
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
1,172.5
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.3
17.3
17.3
833.
333.
833.
34.7
34.7
34.7
37.6
37.6
37.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
17.4
17.4
13.8
48.7
48.7
43.7
833.
833.
833.
34.7
34.7
34.7
87.6
87.6
87.6
167.9
167.9
167.9
1,172.5
1,172.5
1,172.5
8.6
7.6
7.6
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
7.6
7.6
43.
Source: Bureau of Accounts.
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
with that for July 1959, is included under coinsj the breakdown is
not available after June 1959.
2/
/^
7.^.9
87.3
87.6
87.6
87.6
87.
87.
87.
87.
87.
274.9
397.5
5a.
758.8
950.6
1,055.8
1,039.0
1,048.2
967.3
717.3
333.2
161.2
U6.8
129.9
127.2
111.7
81
57
34
6
U
50
72
114.0
98.3
70.8
12.6
17.3
13.8
An act approved June 4, 1963 (77 Stat. 54) repealed the Silver
Purchase Act of 1934, the silver purchase provisions of the act of
July 6, 1939, and the act of July 31, 1946.
The figures in this column are not cumulative; as the arao\int of
bullion held changes, the potential seigniorage thereon changes.
s
)
June 1964
81
.NATIONAL BANK REPORTS
Current Operating Revenue and Expenses, and Dividends of National Banks,
Calendar Years 1959 through 1963
(Dollar amounts in thousands)
1959
Number of banks 1/
Capital funds:
Capital stock, par value: 2/
Preferred
Common
'...'.'.
1961
1962
1963
4,530
4^513
4,503
4,615
$3,225
$2,050
3,257,208
$2,040
3,464,126
$9,352
3,662,603
3,846,538
3,063,^7
Total capital stock
1960
i,5i2
$24,3C'4
3,066,632
3,259,258
3,466,166
3,672,455
3,870,842
10,003,852
10,695,539
11,470,399
12,289,305
13,102,085
923,611
291,174
3,187,398
294,758
152,529
182,016
151,583
941,697
307,632
3,662,497
327,719
154,591
1,030,719
338,217
3,759,347
351, 4c0
161,175
213,765
95,039 j /
1,136,543
414,873
4,134,522
330,402
183,283
242,204
1,171,285
504,854
4,621,556
408,737
196,484
260,970
138,535
5,183,069
5,755,580
5,954,722
6,596,403
4:9,125
898,917
487,502
983,101
23,790
866,701
143,417
25,797
978,705
163,688
104,701
851,598
116,270
954,195
Total current operating expenses
3,338,249
3,709,258
Net earnings from current operations
1,844,820
2,04''',
322
15,741
69,682
24,799
7,530
33,258
171,793
5,052
5f.,393
9,367
23,650
27,263
Total capital funds 2/
Current operating revenue:
Interest and dividends:
On U. S, Government obligations
On other securities
Interest and discount on loans
Service charges on deposit accounts
Other service charges, commissions, fees, and collection and exchange charges..
Trust department
Other current earnings
Total earnings from current operations
Current operating expenses:
Salaries and wages:
Officers
Employees other than officers
Officer and enqDloyee benefits, pensions, social security, hospitalization, etc.
Fees paid to directors and members of executive, discount, and
advisory committees
Interest on time deposits and savings deposits
Taxes other than on net income
Occupancy expense of bank premises ( net
Recurring depreciation on banking house, furniture, and fixtures
Other current operating expenses
Recoveries, transfers from valuation reserves, and profits:
On securities:
Recoveries
Transfers from valuation reserves
Profits on securities sold or redeemed
On loans:
Recoveries
Transfers from valuation reserves
All other
Total recoveries, transfers from valuation reserves, and profits
Losses, charge-offs, and transfers to valuation reserves:
On securities:
Losses and charge-off
Transfers to valuation reserves
Or loans:
Losses and charge-off
Transfers to valuation reserves
All other
Total losses, charge-off s, and transfers to valuation reserves
Profits before income taxes
Taxes on net income;
Federal
State
200 599
,
160,795
104, 571 j/
y
7,302,471
^
V
559,485 4/
1,057,500
221,232
V
y
607,954
1,131,033
242,598 i/
29,064
1,583,710
6/
285,962
148,521 7/
725,751 8/
31,014
1,917,349
6/
313,563
173,699 7/
811,555 8 /
3,975,635
4,616,225
5,223,765
1,979,087
1,930,178
2,073,706
243,236
3,408
43,696
128,077
2,340
44,764
88,053
8,558
37,976
50,530
7,880
29,321
29,690
8,106
27,343
40,373
8,062
105,038
55,537
170 507
,
309,650
371,577
249,003
303,794
361,631
96,654
122,139
101,994
39,397
154,269
i.1,y!0
59,125
34,056
39,259
11,090
184,273
54,871
16,299
264,921
62,963
16,666
260,424
62,050
13,465
292,201
67,151
12,527
329,596
68,119
520,393 4/
999,493 4/
203,345 i^
27,546
1,158,544
264,906
122,276 7/
679,132 8/
708,519
568,316
532,806
472,312
483,557
1,306,808
1,787,656
1,317,858
1,756,86,9
1,393,943
482,489
24,008
704,756
734,565
41,092
637,670
50,356
637,099
50,927
36,481
506,497
741,237
775,657
633,026
688,026
Net profits before dividends
800,311
1,046,419
1,042,201
1,068,843
,205,917
Cash dividends declared:
On preferred stock
On common stock
165
422,703
99
450,830
119
435,960
202
517,546
1,126
547,060
422,868
450,929
486,079
517,748
548,186
(Percent)
(Percent)
(Percent)
Total taxes on net income
Total cash dividends declared
(Percent)
Ratios:
Net profits before dividends to capital funds
Cash dividends to capital funds
Source:
Office of the Comptroller of the Currency.
banks
1/
Number at end of period; dollar amounts, however, include data for
which were in operation during a part of the year but were inactive at
the close of the year.
and
2/ Averages of amounts reported for the three call dates of June
December in the current year and December in the preceding year.
$92,20^,000 in
2/ Excludes $85,869,000 in 1961, $89,097,000 in 1962 and
1963 of rental income from bank premises and $3,563,000 in 1961,
to occupancy
$2,917,000 in 1962 and $3,690,000 in 1963 of other credits
mexpense of bank premises (shown under current operating expenses)
from
deducted
eluded in this category prior to 1961, which are now
V
expenses.
now
Excludes salaries and wages of building employees which are
included with occupancy expense of bank premises.
8.00
4.23
i/
6/
7/
8/
(Percent)
9.78
4.22
9.09
4.24
8.70
4.21
9.20
4.18
Included
Consists of social security and unemployment taxes formerly
hospitalization,
with taxes other than on net income, and pensions,
current operating
group insurance, etc., formerly included with other
expenses.
See footnotes 5 and 7.
,
.
>_ *
but
exequipment,
Includes depreciation on furniture, fixtures, and
Also includes
cludes recurring depreciation on bank premises.
other than on
personal property taxes, formerly included with taxes
formerly Included with
net income, and certain miscellaneous expenses
other current operating expenses.
estate, e^=- ExIncludes capital stock taxes, taxes on other real
alterations, utilities,
cludes certain items (maintenance, repairs,
which are no« classified
etc.) formerly included in this category but
as occupancy expenses of bank premises.
...
.
. .
Treasury Bulletin
82
,
IMTERNATIONAL 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 1/
Total gold stock
and foreign currency
holdings
End of calendar
year or laonth
Treasury
Total
Foreign
currency
holdings 2/
2/
1953.
1954.
1955.
1956.
1957.
22,091
21,793
21 ,753
22,030
21,713
22,058
22,857
21 ,949
22,091
21,793
21 ,753
22,058
22,781
22,857
1958.
1959.
I960.
1961.
1962.
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
1963.
15,808
15,513
15,596
212
1963-May
June
July
August.. ..
September.
October. ..
November.
December.
16,009
15,956
15,764
15,725
15,788
15,910
15,780
15,808
15,797
15,733
15,633
15,582
15,582
15,533
15,582
15,513
15,854
15,830
15,677
15,633
15,634
15,640
15,609
15,596
155
126
1964- January.
February.
March,
April.
May p . .
15,8.'.7
15,512
15,462
15,461
15,462
15,463
15,540
15,518
15,550
15,727
15,694
307
347
440
264
253
.
.
.
.
21 ,690
15,865
15,990
15,991
15,947
.
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) less net U.S. drawings from the Fund and the Fund's
net operational receipts in U.S. dollars.
On May 31, 19^4, the net
balance of these three amounts was $909.5 million. Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
Note:
1/
116
99
87
92
154
270
171
212
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of May 31, 1964, this
amounted to $800 million. Of this amount, the United States purchased
$200 million in 1956, $300 million in 1959, and $300 million in
19tO.
2/ 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.
2/ Include:? holdings of Treasury and Federal Reserve System.
Preliminary.
p
Table 2.- U. S. Treasury Nonmarke table ^iotes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in dollars
Payable in foreign currencies
Total
Austria
Belgium
Germany
Italy
Switzerland
Total
Italy
Sweden
(In millions of dollars)
(Dollar equivalent, in millions)
275
200
200
175
163
125
13
30
30
200
200
200
200
150
150
183
153
125
135
58
58
25
25
25
30
30
30
225
275
275
200
200
200
175
175
175
208
163
163
125
125
125
58
13
13
25
25
25
705
705
730
25
25
275
275
200
50
30
30
30
275
200
175
175
175
163
163
163
125
125
125
13
13
13
25
25
25
730
730
680
50
50
50
30
30
30
275
Z75
275
200
200
150
175
175
175
160
160
158
125
125
125
10
10
8
25
732
802
50
50
30
30
477
477
175
245 1/
158
158
125
125
1962
1963
730
50
30
1963-May
June
605
605
25
25
July
August. .
September
655
705
705
October.
November.
December.
1964- January.
February.
March
251
April
May
Canada
Note:
For con^lete information on U. S. Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
2r,0
1/
51
Includes the equivalent of $70 million payable in Swiss francs
to the Bank for International Settlements.
25
25
25
25
25
Itine
1964
83
"
84
Treasury Bulletin
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
foreign countries have been collected since 1935i
pursuant to Executive Order 6560 of January I5, 193'*-. ExecuStates
£ind
tive Order IOO33 of February S, 19'+9. and Treasury regulations
promulgated thereunder.
Information on the principal types of
data and the principal countries Is reported monthly, and Is
Supplementary
Reports by banks,
published monthly In the "Treasury Bulletin."
Information Is published less frequently.
bankers, securities brokers and dealers, and nonflnanclal
business concerns in the United States are made initially to
the Federal Reserve Banks, which forward consolidated figuree
tc
the Treasury.
These statistics are consolidated by the
Treasury and published as promptly as possible.
The reporting forme and instructions used in the collec-
tion of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of May 3I 1963.I/ A detailed description
countries. The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactlone of buelneee enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports. Certain capital transactions not effected through reporting institutions, such ae
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
The llabllltleB data exclude nonnegotiable, noninterest-
,
of the content of the statistics,
Including the chanj-es
instituted, appeared in the July I963 issue of the "Treasury
Bulletin," pages 79-81.
bearlng special notes of the United States held by the Inter-
American Development Bank and the International Development
Aeeoclation.
As a result of changes In presenta-
tion Introduced in that Issue, not all breakdowns previously
The data on securities transactions and on foreign
published will be exactly comparable to those now presented.
holdings of U.S. Government bonds and notes exclude non-
Basic definitions
marketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statlstlce' section, Table
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States,
including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central goveraments,
central banks, and other official Institutions of foreign
countries, wherever located; and International and regional
organizations, wherever lo'cated.
In general, data are reported opposite the foreign
country or geographical area In which the foreigner Is domiciled.
Pate, pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official Institutlcn belongs.
Data pertaining to
2).
Presentation of statietics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in the "Treasury Bulletin" in three
sections.
Section I provides a summary of the principal data
by period; Section II presents data by country and by perioc;
and Section III shows detailed breakdowns of the latest avail-
able prellTDlnary data.
International and regional organizations are reported opposite
Section IV presents supplementary data in five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
the classification "International," "European regional," or
concerns, is published quarterly In the February, May, August,
"Latin American regional," as appropriate, except for the
Bank for Tnternatlcnal Settlements and the European Fund,
and November issues of the Bulletin.
which are included in the classification "Other Western
Europe
national Inatitutione, Is published quarterly in the March,
.
"Short-term" refers to obligations payable on
demand
or having an original maturity of one year or less,
without
deduction of any offsets.
"l,ong-term" refers to obligations
having an original maturity of more than one year,
and In-
cludes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
1/
Table
2,
estimated gold
reserves and dollar holdings of foreign countries and interJune, September, and December Issues.
Table
3i
foreign credit
and debit balances In brokerage accounts, appears semiannually
in the March and September Issues.
Table U, short-term
banking liabilities to foreigners in countries and areas not
regularly reported separately, heretofore has been presented
annually in the March issue, but beginning with the August
1963 issue is published twice a year, covering data as of
April 30 and December Jl. Table 5. purchases and sales of
long-terra securities by foreigners during the preceding
calendar year, appears annually in the April issue.
Copies of the reporting forms and instructions may be obtained from the Office of
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
alance of Payments, Office of International Affairj,
.
Jane 1964
85
.CAPITAL ICViMENTS.
Section I - Summary by Periods
Table 1.- Net Movements of Banking Funds and Transactions In Long-Term Securities with
Foreigners j/
(In millions of dollars; negative figures indicate a net outflow of capital from
the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar ye
or month
Net
movement
Total
-767.6
261.8
280.9
164.5
1,576.3
-387.7
1,225.2
1,273.1
521.9
945.0
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.
Short-term
banking
funds
Long-term
banking
funds
in:
Gov't
bonds
and
notes 2/
Other
domestic
securities
-269.7
61.5
-47.9
96.4
942.1
-633.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-64.5
-150.6
U.S.
-940.5
-903.6
3,338.5
479.8
-404.8
-418.4
636.2
601.5
-100 .0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
305.4
1,822.9
2, 486. Or
5.1r
-728.0
59.8
0.5
3.2
-3.6
-0.3
0.3
0.2
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
Short-term
banking
funds
Long-term
banking
funds
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
-1,148.2
-86.8
39.8
-29."
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
-343.0
-126.6
-1,047.9
-1U.3
-21.2
2.3
98.7
12.7
70.5
141.1
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-15.5
-238.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
1,076.8
1,310.1
1,893.4
1,014.7
1,788.2
2.314.0
l,517.4r
y^/
-751.6
-8U.7
-1,044.2
-191.2
-39. Or
-167. 5r
-179. 3r
-52.5
-193.5
-17.6
-34.5
-40.9
-38.4r
0.7r
-69. Or
-426. 5rV
-43 .Or
-61.3
-113.9
-48.8
33.2
-28.0
-84.9
1963
-780. 6r 1/4/1, 859.9r
923. Or
59. Ir
670.9
206.9
1963-April
May
June
July
August.
September.
October.
November.
December.
-69. 9r
-137. 2r2/
146. 6r
-369. Ir
371. 6r
163. 2r
327. Or
183. 8r
6.7r
17.2
6.6
9.4
12.2
205.6
22.2
-10.2
142.2
83.3
-310.5
-516.9r
-303. 2r
-39. Or
-73. Or
-22. 9r
104.7
-25.0
38.0
70.6
12.2
16.2
17.5
3.8
-10.9
31.0
23.0
-5.1
29.6
-26.8
12.8
-34.1
-35.1
-177.2
-226.6
-204.6
-l&3.2r
-116.5
-123.8
-4.5
-19.6
-2U.0
-131.1
.
.
.
1964-January.
February.
March p. .
.
April p.
Note:
1/
2/
2/
240. 6r
3'^. 6
449.8
-330.1
444. 6r
86.2
4^3.8
-345.5
281. 4r
3.5
-494.4r
-1.2
11.0
-2.9
6.5r
-U5.4
-5.2
-240.8
187.6
-1.0
-208.4
4.0r
0.4
29.5
199.0
443.0
427.8
44.6r
-1,083. 3rV
22. Ir
-231.8
136. Ir
423. Ir
271. Ir
-489. 9r
199. 3r
100. 3r
414. 9r
138. 4r
39.3
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31, 1961.
For an explanation of statistical presentation and exclusions, see
headnote on page 84.
Through 1949, transactions in U. S. Government bonds and notes include transactions in domestic corporate bonds.
Change in long-term banking fund; during May 1963 reflects the
8.0
Transactions
in foreign
securities
2/
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1,420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
at .4
1962
Changes in claims on foreigners
Transactions
2,640.4
-96. Ir
-226. 5r
-593. 4r
-183. 8r
60. 7r
34. 2r
-0.9r
-132.7
V
265.1
39.0
34.9
-94.8
27.8
-U5.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511,
-722,
-1,362,
-749,
-6U,
-830,
y
-66.8
-284.4
-101.8
-65.1
-66.3
16.5
35.8
10.0
12.4
35.0
inclusion of $85.6 million of long-term claims previously held but
first reported as of May 31, 1963.
Change in long-term banking funds during December 1963 reflects the
inclusion of $193.2 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported.
Preliminary.
Revised.
..
.
.
V
.
1
86
Treasury Bulletin
CAPITAL
uovmsms
Section I - Sumnary by Periods
Table 2.- Banking Liabilities to and Clalas on Foreigners
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners
End of calendar
year or month
Total
shortterm
liab4.1-
Ities
Payable in dollars
Foreign countries
Official
institutions
Foreign
banks
21,271.6
22.450.3
22,532.6
25,018.6r
25,941.6r
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
7,916
8,664
9,154
10,212
10.893
10,893.3
11,915.3
1 2,436. 9r
1963-Aprll
May
June
July
August,
September
October.
November,
December.
25,351.6r
25,437.8r
25,846.6r
25,501.1r
25,782. 5r
25,882.7
26,297.7r
26, 436. Or
25,941.6r
11,890.1
12,069. 5r
12,351. 5r
11,958. 4r
12,215. 3r
12,392.3r
12,312.2r
12,3C3.5r
12,436. 9r
1964-January.
February.
March p.
26,129.3r
26,128.2
25,919.8
12, 187. Or
12,029.1
11,958.3
6,143.6
6,130.8
6,011.7
26,347.7
11,698.4
6,608.9
19i5
19A6
,
1%7
1948
1949
1950
1951
1952
1953
1954
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
1955
1956
1957
1958
1959
I960
1961....
1961 i)..
1962
1963
,
April p.
1/
y
^
6,883.1
6,480.3
7,116.4
7,713.0
7,618.0
8,644.8
9,302.2
Other
foreigners
Short-term claims on foreigners
Payable
International
and
regional
in
foreign
currencies
Total
longTotal
term
shortliabilterm
ities
claims
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2.355. 5
2,356.9
2,564.4
3,046.2
4,635.1r
5,023.61
4, 859.51
4,835.61
4,948. 2r
4, 821.21
4,780.7r
4,756.9r
4,663.7r
4,635.1r
116.1
129.5
5,681.1r
6,141.1r
6,254.2r
5,689.5
2,757.9
2,762.0
2,821.2
2,796.2
2,863.6
2,920.5
2,942.7
3,020. 2r
3,046.2
3,001.6
3,069.4
3,110.1
4,666. 5r
4,773.7
4,727.6
130.6
125.1
112.1
70.8
100.3
3,152.2
4,771.6
116.7^
139.6
2/
2/
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530
2,943
3,362
3,413
3,460
4,601
4,704.8
5.299.5
5,380.4
5,251.0
5,689.5
5,563.8
5,617.3
5,711.8
5,689.8
5,770. 5r
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
1,5U.O
3,158.1
4,011.8
3.751.7
3,751.7
5,U4.5r
For exclusions see headnote on page 84.
Included with "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions."
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions begin-
25.5
40.6
49.7
70.4
51.0
.9
1.4
U.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
1.8
2.7
2.8
1.2
9.9
1.6
:s
113.1
150.4
150.4 bj
143.4 6/
134.1 6/
^
126.6^
108.4
111.7
108.2
1U.8
129.5
134.14/
7/
8/
7.5
2.2
2.2
7.3r
66. 4r
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
4.762.3
4,820.3
5,163.2
5,914.8
Payable in dollars
Payable
Loans to:
Official
institutions
2/
2/
2/
2/
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.6
241.9
400.7
350.9
290.3
328.5
32875
358.9
186.0
Foreign
banks
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
969.9
59. 9r
66. 4r
=,306.5
5,345.5r
5,529.3r
5,468.6r
5,434.4r
5,435.4r
5, 568. Or
5,735. 5r
5,914.8
236.1
171.4
141.8
136.0
165.8
176.8
153.4
200.7
186.0
876. Ir
839.61
851. &
960.81
954. 9r
70. 4r
6, 084. Or
6,200.6
6,324.4
191.5
163.7
149.8
6,455.5
140.4
16. 3r
33. 5r
40. Ir
49. 5r
53.0r
51. 8r
62. 8r
824.2
790.3
in
Other
foreigners
Other
claims
245.0
2/
290.5
2/
490.6
2/
557.1
2/
494.3
2/
104.2
328.7
109.8
503.4
131.7
627.9
109.8
451.5
142.0
584.1
235.6
660.0
883.8
330.4
303.0 1,121.6
427.5 1,076.7
460.1
1,098.2
482.1
1,837.8
617.6 2.531.1
622.4 2,573.9
641.8 2,652.9
760.8 3,374.7
686.0
foreign
currencies
Total
longterm
claims
91
175.6
140.7
227.5
187.7
216
390
403
78
UO
47.5
98.1
165.4
100.4
110.8
240.6
101
211
163
149
147.3
197.7
217.2
479.6
585.6
586.3
557.1
623.5
324
440
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2.033.8
2,033.8
2,160.4
3,005.1 7/§/
2,966.3
3,108.9r
695. 5r 3,131.1r
707. 7r 3,161.7r
716. 7r 3,OU.6r
719. 3r 3, 098. Or
723. 9r 3,147.6r
753. 6r 3,184.7r
775. 8r 3,374.7
593.9
594.8
691.6
635.7
631.2
601.6
691.2
635.7
623.5
2,185.5
2,378.9 2/
2,396.5
2,431.0
2,471.9
2,510.3r
2,509.6r
2,578.6r
1,037. 2r
1,039.7
1,083.5
797.7
804.8
823.8
3,416.0
3,504.2
3,609.6
641.6
638.1
657.7
3, 048. Or
3,109.3
3,223.2
1,112.9
859.5
3,648.4
694.3
3,251.2
869.31
827.51
681.
3,005.15/
ning October 1961.
Figures for selected dates are as follows:
end 1961, 1^6.3 million; end 1962, $47.9 million; June 1963, $25.5
million; December and end 1963, $30.1 million; April 196^, $30.1
million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claims amounted to $8f.6 million.
Includes claims amounting to $193.2 million reported by banks for the
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported.
Preliminary.
r
Revised.
1
.
June
1
.
,
f
1964
87
,
Table 3.
CAPITAL MOVatENTS.
Section I - Summary by Periods
Purchases and Sales of Long-Term Domestic Securities by
Foreigners
i/
(In millions of dollars; negative figures indicate a net
outflou of capital from the United States)
U.S.
Government bonds and notes 2/
Purchases
Foreign countries
Sales
Total
Official
a4.5
3U.8
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1953
1959
1960
1961
1962
1963
282.4
430.0
,236.4
673.6
533.7
646.0
800.9
,341.1
883.4
666.1
,223.9
,a6.9
,729.6
,743.7
,779.9
,867.1
1963-Aprll
May
June
July
August. ...
September.
October.
November
.
.
December.
1964- January.
46.2
91.9
34.7
71.5
.
.
i^rll p.
.
22.5
.
Febriiary.
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
1,196.2
58.4
297.5
56.9
40.7
175.5
171.0
35.0
193.5
7.5
66.4
107.4
18.4
March p
Corporate and other
Net purchases
Calendar year or month
50.9
33.2
87.7
26.9
83.8
32.4
-269 .V
-13.0
-55.4
-269.7
61.5
-47.9
96.4
-21.3
-.7
-11.8
-5.6
4.7
-9.0
5.0
-21.6
11.7
15.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
200.
212.8
289.7
324.7
287.1
310.2
361.4
368.8
6.1
28.7
35.3
51.3
17.3
72.6
3U.0
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
2,260.2
2,724.0
Sales
Net
purchases
domestic
securities
-21.2
-3'4.2
-39.1
-192.2
75.2
2,149.1
2,526.5
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
111.1
197.5
-584.3
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.8
218.6
221.7
317.5
176.6
135.0
216.0
254.8
202.2
226.0
36.9
60.2
20.7
7.8
16.3
10.5
-8.2
37.8
21.2
50.2
276.2
34.4
6.0
159.8
87.0
-2.8
135.5
-2.0
432.1
376.7
-64.5
-150.6
514.1
375.3
664.0
619.5
649.2
533.9
-1U.3
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
9U.4
316.9
307.7
255.7
16.7
17.4
24.6
15.3
22.1
19.6
16.9
25.2
27.7
1.0
10.3
-8.6
8.4
1.2
-6.8
-2.7
60.4
-14.0
17.7
27.8
16.0
23.7
23.3
12.8
14.2
18.4
29.5
1.7
255.5
232.0
338.2
184.4
201.3
226.5
246.6
240.0
247.3
9.1
-8.5
16.0
282.0
216.8
260.9
278.3
242.4
312.0
3.7
-25.
-51.1
7.7
-4.5
-61.9
-2.3
309.8
327.0
-17.3
-24.1
U2.4
7.1
100.2
-8.0
-3.4
105.0
-3.3
43.4
-6.3
26.7
26.4
16.7
2.6
-26.8
-48.6
26.9
45.2
-5.1
29.6
-26.8
.5
.1
13.4
37.8
17.7
21.9
21.8
27.0
-4.5
3.7
-8.3
.1
30.3
32.6
f^
purchases
296.2
392.3
416.1
359.0
2lA.k
3.0
y
For exclusions see headnote on page 84.
Through 1949, includes transactions in corporate bonds.
\/
"y
i/
107.7
120.0
8.0
77.
y
y
y
y
-.6
y
y
108.3
104.7
-25.0
-4.7
Net
purchases
2/
H
V
42.9
81.9
]4.1
.8
Net
Stocks
of
Sales
2/
5.1
126.7
30.9
International
and
regional
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
942.1
-683.0
302.3
-32.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
12.2
205.6
22.2
-10.2
142.2
83.3
Other
Bonds 2/
50.1
-99.2
-51.3
9.3
-6.8
2,7U.6
Through 1949, included with transactions in U.
Preliminary.
bonds and notes.
p
S.
Government
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflou of capital from the United States)
Foreign stocks
Foreign bonds
Calendar year or month
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
I960
1961
1962
1963
Purchases
Sales
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
839.0
945.6
882.9
801.9
1,093.3
990.5
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
Net
65.2
1,262.4
2,037.3
2,086.0
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
-944.0
-1,095.4
-59.6
-264.7
-100.3
-41.5
-65.4
-4.2
6.9
-32.3
-22.1
66.4
67.1
1,U5.0
Total
sales
965.6
805.9
644.3
-24.4
-76.4
-35.3
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
821.2
715.9
293.3
410.1
763.0
772.7
739.1
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
1,686.1
676.3
388.2
332.3
908.4
1,149.7
1,007.0
924.9
1,436.1
1,387.3
1,866.8
2,014.0
2,718.3
2,261.5
2,036.7
2,228.0
2,843.2
2,730.3
73.6
86.9
60.6
78.8
43.0
23.2
31.0
27.7
23.3
-7.2
-19.7
-1.5
-23.7
-1.0
20.7
28.9
42.2
34.4
187.4
211.1
115.9
130.2
87.2
271.5
110.0
98.5
103.0
254.2
495.5
217.6
195.3
153.5
255.0
74.2
88.5
90.7
-66.8
-284.4
-101.8
-65.1
-66.3
16.5
35.8
10.0
12.4
Sales
purchases
57.1
81.7
88.3
173.3
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
Net purchase
of foreign
Total
purchases
65.6
42.6
96.7
70.8
193.2
348.7
329.6
303.4
644.9
877.9
875.2
621.9
303.7
803.3
591.7
Net
purchases
-.4
14.6
-15.0
18.0
556.1
securities
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-6U.7
-830.4
-1,047.9
-1,0U.2
1963-April
May
June
July
August.
September
October.
November.
December.
121.0
40.4
180.6
408.7
157.0
116.6
110.5
231.8
43.2
60.9
62.4
1964- January .
February.
March p.
39.9
50.8
43.5
37.2
125.8
40.7
2.7
-75.0
2.8
77.0
62.0
66.4
U.7
35.8
36.0
32.3
26.2
30.4
116.9
112.8
109.9
81.9
161.6
76.7
35.0
-48.8
33.2
48.6
20.3
-34.9
68.9
223.4
174.8
-105.2
138.5
69.6
.
April p.
p
Preliminary.
lU.O
56.8
75.1
45.1
227.6
50.1
28.6
59.1
55.1
42.1
43.9
59.9
69.9
62.7
..
.
.
Treasury Bulletin
88
CAPITAL MOVHiffiNTS
Section II - Summary by Ciountrles
Table 1.- Short-Term Banking Liabilities to Foreigners
1/
(Position at end of period in millions of dollars)
Calendar year
1963
1964
Country
1960
1961
1962
Europe!
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe 2/
243.1
142.0
54.2
46.0
519.0
3,475.7
63.1
877.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
90.3
938.7
2,841.6
67.2
1,234.1
216.4
105.2
99.3
153.4
406.4
874.8
25.9
2,226.6
11.6
326.4
4.8
15.7
Total Europe
9,045.7
10,322.0
2,438.8
2,757.6
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
68.8
72.0
11.8
234.7
228.2
105.3
146.8
42.5
494.7
86.7
84.0
57.0
413.0
228.0
111.0
88.8
14.9
2,307.8
2,340.5
Philippines
Taiwan
Thailand
Other Asia
34.8
57.3
53.9
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
34.6
55.5
77.7
75.6
63.0
1,671.6
199.5
185.0
92.0
264.4
254.6
Total Asia
3,115.3
2,973.6
31.9
64.3
29.3
21.9
79.6
33.9
93.0
31.7
14.5
110.2
227.0
283.3
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 4/.
Bahamas and Bermuda
Netherlands Antilles and Surinam. ,
Other Latin America 4/
^
^
Total Latin America
255.1
326.0
52.1
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
,
,
Africa;
Congo (Leopoldville)
^
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa 7/
Total Africa 7/
Other countries;
Australia
All other j/
Total other countries 2/
International and regional;
International
European regional 2/
Latin American regional
Total international and regional 2/
Grand total
37
125.2
3,897.2
2/
114.6
4,011.8
21,271.6
I
'
1963
November
December
aiiuary
February
March
p
April p
June 1964
90
Treasury Bulletin
.CAPITAL MDVBffiNTS.
Section II - Sunmiary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
1%^
1963 1/
Country
1%0
Europe :
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.
S.
S.
1962
1961
36.7
38.7
7.4
2
35
7
5
3.1
20
12.5
23
69.8
7.4
26.2
46.4
164.7
4.0
A
37.1
13.6
U.6
2.7
i.5
38.8
2.2
.8
50.1
9.4
.1
.1
15.3
1.8
7.9
10.7
366.6
492.9
75.5
273.9
118.4
233.7
i2.5
25.7
73.4
262.8
26
29
2.1
2.9
R
Other Eastern Europe.
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
:
.9
182.0
30.3
12.1
171
19
10
.i
^
American Republics
Bermuda
Antilles and Surinam
America ^4/
Total Latin Arcerica,
189.8
9.2
4/
2-45
11
3.i
65.4
4/
6.3
72.9
913.9
931.3
19.4
44.4
10.2
16.4
50.8
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)...
Other Africa
19.1
.9
15.6
.8
5.5
14.3
134.1
170.1
39.7
39.3
5/
59.2
3.9
61.0
4.8
5/
6/
Other countries:
Aus tralla
All other 5/
27.7
75.1
208.3
International and regional .
Grand total
50.1
.4
8.2
15.7
Total Africa..
Total other countries 6/.
8.4
23.7
1,698.4
i/
6/
1963 1/2/
November
December 2/
January
February
March p
April p
.
Jane 1964
91
CAPITAL MOVIMEMrS
,
Section II - SuHwry by Countries
Table 4.- Net Transactions In U. S. Government Bonds and
Notes by Foreigners
(In thousands of dollars; negative figures Indicate
net sales by foreigneri
or a net outflow of capital
Calendar year
fro;ii
1/
the United States)
1963
1964
Country
I960
1%1
-189
-349
-35,359
6
6,392
-3,193
-8,231
-391
1,999
-U,355
-620
-275
-59
-112
-1,379
188
-40
249
-1 ,070
-22,391
77
-220
11,807
-10,917
-38,758
-16
-154
-126
-112
1962
1964
through
April p
1963
November
December
January
February
March p
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
S.
U.
S.
89,105
15,175
-65,319
1,985
588
-2,681
-2,050
175
79
-16
553
504
33,965
-13
-144
39,405
247
-19
-8,762
-11,320
2,646
1,658
2,168
-1
-18,32A
264
-28
-889
-4,577
1,773
-86
-62
-23,577
-31 ,665
-391
-1 ,473
10
-1
-515
197
2
-1,565
1,037
-45
-18
96
15
91
25
10
245
239
8
-34
3
57
1
8
205
-54
-7,110
-538
250
-75
-15
-57
-16
-51
57
-2
22
10
-116
3
-50
-17
392
4
452
57
-2
44
11
11
10
397
2,205
10,000
-165
1,510
51,906
32,600-
546
3,548
-162
-35
3U
-5,572
38,466
27,177
-7,253
3,153
-5,918
6,557
11,046
-18,734
1
20
148
19
838
1
-1 ,007
1,428
484
35,946
23,457
-7,684
792
2,996
-12
R
Other Eastern Europe
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
^ . .
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,,
Bahamas and Bermuda
Netherlands Antilles and Surinam
Other Latin America
.
Total Latin America
-76
-42
-70
-90
13
-35,360
2,005
-131,512
70,894
58,304
-36,551
13,112
-69,U9
2%, 901
-10,305
5
-30
-135
-25
-5
-324
-1,258
122
154
-332
-19
-4
-141
32
153
19
12
139
266
-65
-335
-667
-9,437
415
-29
-49
-43,515
-1 ,071
-650
-780
662
-245
105
-950
48
-236
-52
64
33
-41
-30
41,
13
-3
-1
-1
85
-56
-121
-3
-41
60
-41
-329
-244
-227
735
73
30
63
-36
452
31
99
-57
-82
65
-1
20
27
201
-32
347
-365
1,522
114
811
357
1,398
1,467
-45,783
683
2,1U
-186
-9,216
-14
1,157
39,700
-1,000
-9
-35,003
-39
-476
9
-988
346
I.OOO
-531
561
-26
6
-1
23
26
1,002
-6
-1,561
-191
-5
-3,516
-963
-818
-21
-654
-4,501
1,694
-1,966
-4
-4,006
34,045
-36,270
-5,837
652
376
-4
-3,650
-55
-88
109
-55
10
99
-fl41
301
-1
-430
-9,551
-22
40
102
20
28
44
-144
-170
601
77
246
46
287
-25
-50
-212
-98
-255
502
589
-9,173
-688
356
-10
51
10
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt),
Other Africa
Total Africa
Other countries:
Australia
All other
Total other coxintries
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
1/
p
2
-6
10
-76
-201
4
8
3
3,255
500
-1 ,971
1,023
1,400
30
1,400
3,267
503
-1 ,972
880
1,509
-15
1,499
-49
-19
-17,U5
2
-17,494
224,468
339,923
192,236
224,468
126,592
For exclusions see headnote on page 84.
Preliminary,
532,159
512,191
-U1,527
-79,843
-521,370
-727,989
23
23
10
10
-3
-180
-95
-17
-95
-3
330,574
-39,701
61 ,035
-28,783
1
-8,155
-600
-180
-3,035
-40,868
1,024
32
-10,940
-7,695
-500
40
301,791
-47,856
60,435
-43,563
670,915
-6,733
104,655
-5,102
72
-26,765
.
,
Treasury Bulletin
92
CAPITAL MOVEMENTS
Section II - Summary by Countries
5.Table
Net Transactions In Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes, by Foreigners
(
In thousands of dollars;
negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1963
Country
I960
1961
1964
1963
1964
through
April p
-9
23
-35
-439
-410
-1,793
-409
34
95
-171
3
-28
281
1,265
116
186
-8
-20
-74
324
174
1962
November
December
January
February
-6
2
-59
-26
-39
-76
-11
39
-147
333
-166
March p
April p
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
-10
2,765
580
89
-246
-119
482
-635
-1,271
-136
14
-297
-9,394
-7,915
-451
-103
-3
-428
-2,616
-78
140
269
211
-6,818
54
278
-179
4,582
-12
-5,719
11,345
-4
7,616
-927
-1,545
14,804
-110
-334
-1,123
11,258
-6
9,507
3,226
-176
-4,366
782
39
-231
5,489
-218
-79
58
204
55,766
37
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics 1/
Bahamas and Bermuda
Netherlands Antilles and Surinam,
Other Latin America 1/ 2/
Total Latin America
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
1/
2/
846
-458
126
699
-456
3,560
-135
-32
261
2
3
51
-23
42
33
645
-109
1
847
1,737
116
-200
-46
18,949
105
1,787
2,507
6,916
779
-10,912
-3,735
1,631
-10,442
-86
386
-214
240
-120
-54
-36
96
-10
-2
3 3
6
-19
-5
-4
54
-1
-61
132
.'17
71
20
917
687
-70
-25
-16
64
-7
81
11
7
544
-1
19
2
69
1
58
395
-698
-1,265
-16
-2,705
1,284
-92
204
-2
1,394
755
793
2/
10,349
417
-397
-887
2/
208
2,475
-7
17,609
-130
-115
-56
317
52
8
-2
23
1,589
-35
289
-542
912
-148
179
93
2/
1,786
1,153
-90
-207
41
150
-89
4
236
-6,193
4
796
5,302
-6,101
-2
-2
37
671
596
-37
18
95
6
233
17
-10
-12
-29
104
-4
240
-6
56
-18
904
4
297
54
57
266
2/
52
-2
-903
3,367
-1,633
34
1
-2
13
2
2
19
12
11
-4
35
-21
-114
-3
-4
-11
-11
-56
18
89
-15
-40
239
4U
-753
5
4
277
491
-634
-17
274
45
-3
4
U
10
-1
25
-54
-39
6
60
-26
-50
78
50
-28
118
-331
508
-5,998
203
179
-5,304
261
326
-3
239
-1
125
11
10
-92
112
4
396
297
309
3
2/
y
2/
997
-330
30,511
1,292
157
-145
-38
3
-16,312
65
108
79
163
308
1,255
-10
17,623
33, 345
56
49
1,751
121
-6
1
-61
-498
830
-10
23,025
-330
131
6
-373
-2
-51,845
87
4,905
399
-6
98
119
94
95
91
766
6,143
1,530
176
705
128
386
433
533
82
-19
-2
-11
y
V
-100
55
1/
y
'V
Total international and regional
Grand total
27
32
135
-45
-69
-162
2,543
10,674
470
^
23
-45
-228
3,078
-76,249
Total Asia
Total other countries
228
159
-14
-44
-128
495
5,625
593
-89,628
4
65
International and regional;
International
European regional
Latin American regional
-19
515
176
-19,846
-28
Other countries;
Australia
All other 2/
'',54
60,045
33
Total Africa
2,
11
-39
-39,058
352
48
Africa;
Congo ( Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
-3
535
y
59
9
22
-11
476
49
166
-792
29
602
194
11,548
9,878
12,078
16,190
-96
-11
194
-16
-92
-111
-96
194
-16
-92
4,752
1,749
1,574
1,171
523
523
2,242
816
,535
15,965
-2,313
11,548
9,878
12,078
16, 190
4,752
1,749
1,574
1,171
50,088
-99,227
-51,333
9,329
14,261
-6,819
1,736
9,144
Through April, 1963, "Other Latin American Republics" Include only
Bolivia, Dominican Republic, Guatemala and El Salvador; other Latin
American republics included with "Other Latin America."
Through 1963, Bahamas and Bermuda are included with "Other Latin America."
2/
Ji/
p
2,242
31f.
Through 1963, "All other" countries include Morocco and "Other Africa,
Through 1963, "Total other countries" include "Total Africa."
Preliminary.
.
Jane 1964
93
CAPITAL MOVaiENTS
Section II - Summary by Countries
Table 6.- Net Transactions in Domestic Stocks by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from
the United States)
Calendar year
1963
1964
Country
196/i
1960
1961
1962
1963
through
April p
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
217
-3,862
117,236
-262
-40,539
1,968
-10,960
1,026
458
-87
347
-1,227
1,334
-214
3,528
12,058
-2,147
7,016
399
-294
-31 ,920
-4,176
-103,785
6
-1,303
November
December
January
Europe;
Austria
Bel glum
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe..,.
U.S.S.R
Other Eastern Europe 1/.
195
2,2i5
790
-116
37,881
19,716
-259
29,219
-i,260
-399
10,820
376
121
115,048
108
-40,920
-13
2,939
3
-14
-14
660
-65
Total Europe.
173,497
252,121
113,152
166,037
-6,231
-21,878
32,866
-641
1,793
1,735
62
-1,673
-1,211
3,540
918
-2,944
3,561
1,086
2/
11,962
-124
-522
5,238
1,063
742
355
5,430
120
-1,238
2,566
378
-1,163
8,806
2,660
2/
9,374
2,224
18,064
172
8,317
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics 2/
Bermuda
Antilles and Surinam.
America 2/ 2/
Total Latin America
580
3,141
-1,810
-427
22,587
22,711
-709
14,272
28,971
-668
6,538
1,559
-1,200
161,565
235
-10,940
12
5,718
-641
-891
-9,006
-8,370
-327
5,004
3,075
-1,412
15,595
589
-267
-25,393
459
196,896
362
-1,304
231
632
-45
470
188
-438
-287
2,588
-688
26
1,488
2,733
-485
129
286
42
-649
5,177
655
20,933
181
-1,285
100
4,202
Total Asia.
12,352
9
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
58
V
Total other countries
V-
International and regional:
International
European regional
Latin American regional..
Total international and
regional
Grand total
36
290
-119,04^
34,151
15,004
-18,854
5,132
22,419
-2,715
5,395
9,859
285
-54
443
171
546
107
106
-226
124
-169
-24
92
3,017
-789
2,461
3,007
2,249
1,097
-136
-777
-1,300
897
347
-1,055
1,160
2/
1,594
-1,715
44,409
-92
37,684
28
113
-81
-69
-23,249
65
77
738
9,824
361
18
552
714
285
2/
2,369
-1,680
548
-4
11,577
-1,953
502
-1 ,976
1,455
453
-126
-5,668
-337
2,940
300
-21,293
,639
5,145
4,850
56
-113
3,227
-440
-184
-6,029
3,881
-1,290
-21,587
-83
426
-532
389
105
-122
283
-578
-4
-18
-164
69
6,282
-27
-564
557
-18,279
10,915
-881
827
-52
34
4/
64
768
A/
36
48
-127
154
4,921
43,254
12
i/
64
-1
517
1
441
14
90
46
74
-105
515
103
-5
-71
147
3,345
34
689
114
-89
472
615
-45
396
-8
-50
-421
4
-14
11
-1
19
-6
20
166
26
294
371
y
y
304
797
1,826
636
-533
223
-107
-510
268
-78
-19
1,680
2,726
203
982
-242
-97
2,424
2,082
4,481
5,959
-115
2,110
4,?6
2,424
2,082
4,481
5,8U
2,110
426
322,714
111,130
197,549
-90,234
37,813
201,736
-398
-4,396
-3
2d4
V
1,321
16
613
3,473
27
y
Total Africa.
Other CQuntrieij;
Australia
All other
-9
837
5,510
-993
-6
V
y
4/
354
-2,734
-782
-19,294
213
-61
709
-191
119
225
-329
2,746
-21
10
Asia;
87
-40
105
504
3,550
207
812
8,444
3
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Phil ippines
Taiwan
Thailand
Other Asia
-95
-42
682
621
32
4
629
February
March p
April p
Treasury Bulletin
94
.
CAPITAL MOVBJENTS
,
Section II - Sumnary by Countries
Table 7*- Net Transactions In Long-Term Foreign Bonds by Foreigners
(In thoueandg of dollars; negative figures indicate net salea by foreigners or a net outflow of capital from the United Statea)
.
.
.
mne 1964
95
CAPITAL MOVQffiNTS
,
Section II - Sumnary by Countries
Table 8. - Net Transactions In Foreign Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners
or a net outflow of capital from the United States)
Calendar year
1963
Country
1960
1961
1962
-176
-6,946
-170
-19
-7,832
-31,235
-36,646
-200
-4,049
-71,852
464
1964
through
April p
1963
1964
November
January
February
March p
April p
Europe:
Austria
Belgium
Denmark
Finland
France
Gerwany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
D.S.S.R
Other Eastern Europe 1/.
-13
-922
-315
-23
-4,206
-17,67i
-583
-12,517
-87,906
Total Europe
-75,207
-246,922
-143,717
-5,381
67,608
29,476
19,364
18,890
18,614
19,763
10,341
13,889
-74,117
74,254
130, oa
40,131
12,064
14,881
12,051
6,939
10,792
10,349
-2,485
-1,020
-334
-651
-3,159
-222
-1,246
-7
-356
-1,684
-284
-960
-1
-245
428
420
-52
-23
-45
-47
107
128
-19
-39
163
126
-29
15
76
27
-130
360
-1,425
1,385
1,128
-425
172
99
2/
98
42
105
-109
-939
42
-100
-1,255
-293
-72
-135
-1,294
7
45
36
-311
259
-77
46
-77
158
43
-20
265
40
108
2,474
-251
36
10,182
9
74
3,234
3
-4
13
U7
-28,404
6,881
-202
4,604
-4,340
487
40
-1,918
405
-10,316
-86
25,012
-1,780
10,997
-3,034
-495
-28,590
-12
-63,387
-39,509
-13,747
-494
3,395
-66,074
-491
285
-832
-266
-20,944
-18
4,081
186
-377
-1,292
123
847
121
-23
11,889
-6,312
97
42,
1,769
21
-7
28
2,405
-34
4,370
52
370
436
35,894
802
-50
-207
1,394
-3,037
-1,617
14,199
-3
2,562
5
6
6U
2
2,606
15
636
1,945
-83
1,065
91
285
-2,503
2,872
-36
-70
5,902
717
-12
-208
721
1,864
3U
-8
52
-2,289
2,173
-27
1,011
7,625
170
5,115
-7
46
211
-20
-15
166
-5,735
-1
8,097
15
-56
267
2,943
-5
5,266
4,350
168
9,561
43
-18
-75
222
490
-1,617
4,460
269
-131
35
238
12,080
971
-16
-128
119
2,977
200
10,146
-4
127
10,285
46
3,402
1,987
60
-15
1
-1
, .
318
1
1
-587
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
:
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela,
Other Latin American Republics 2/
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America 2/ 2/
,
100
. .
-307
-548
-4,294
-1,765
-180
-16
-24
48
492
-24
-1
94
19
35
-2,744
19
-1,162
70
11
-9
-222
-742
-316
-250
-21
-57
-124
-235
2U
6
8
-1,857
-62
187
-326
88
113
2/
722
-91
1
5
.
U3
90
-7
8
21
608
-13,996
910
396
-657
99
159
2/
2,060
-25,397
-4,U7
555
1
188
186
-18
-24,207
-27,355
-6,077
203
-2,513
-990
-649
-1.003
-349
-3:4
-807
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-50
-147
-13
2
-1,127
-82
-486
-47
-8
-4,319
-22,206
504
-1,510
15
-4,030
-68,958
202
-367
-210
-27
-512
803
-47
81
-U
43
210
368
-4
-25
182
-47
-693
3,518
-100
1,342
1,U3
93
2,074
4
4
108
642
-806
414
-88
388
-46
-45
-9
-79
5
Total Asia
Total Latin America
,
30
2/
811
11
277
259
9
2
25
12
28
28
40
-43
-6
-110
474
1
1
5
Asia;
48
-8
-6,697
-7U
249
204
-3
-60
42
10
-718
-66
-2
-27
-515
-753
-8,251
-27,758
2
Africa:
Congo (Leopoldville)
V
2,978
Other countries;
Australia
All other
^
International and regional;
International
European regional
Latin American regional
Total international and regional.
2/
1
17
-67
-74,893
3,325
1,309
537
2,217
835
17
1
-75
15
-11
13
-9
V
2
-156
345
22
-97
-7
-86
-3
-52
13
-93
-95
296
155;
59
182
162
-4
99
497
296
155
158
98
J2-.
182
1,073
258
78
189
30
76
94
58
1,073
258
y
y
y
-170
-13,603
-121
-747
-906
-501
-656
502
-5
2,869
-13,952
-1,640
201
785
643
1,056
785
643
-369,954
65
1
-18
-85
-70
-82,624
1
-231
1,217
124
11
-27
-9
19
-6
-65
-55
V
1/
2/
3
-771
5
-22
-234
4
Total Africa
Grand total
1
2
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total other countries
2
51,
2U
only.
Through April 1963, includes Czechoslovakia, Poland and Rumania
only^
Through April 1963, "Other Utln American Republics" include
Latin
Bolivia, Dominican Republic, Guatemala and El Salvador; other
American republics Included with "Other Latin America."
Utin America.
Through 1963, Bahamas and Bermuda are included with "Other
109,136
4/
y
p
1
1
3J
,
-1
94
58
386
20,289
and "Other
Through 1963, "All other" countries include Morocco
Africa."
"Total Africa."
Through 1963, "Total other countries' include
Preliminary.
Treasury Bulletin
96
CAPITAL MOVEMENTS
Table S.
,
Section II - Summary by Countries
Estimated iioldings of U. S. Government Bonds and Notes
,
June
1964
97
CAPITAL MOVIMENTS
Table
1.-
,
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities To Foreigners as of April 30, 1964
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
liabilities
Country
To foreign banks and official institutions
U. S.
Total
Deposits 2/
Treasury
bills and
certificates
Europe;
Austria
Belgium
Denmark
Finland
France
,
Gerniany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
n. s. s. R
other Eastern Europe
,
,
,
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..,
Bahamas and Bermuda
.
Netherlands Antilles and Surinam,
Other Latin America
,
296,782
436,209
190,502
110,840
1,405,715
2,385,790
155,683
843,346
259,771
116,655
189,442
218,228
415,429
1,043,216
15,617
2,016,317
293,880
405,252
181,703
105,620
1,353,457
2,345,359
139,673
803,062
234,584
88,175
127,648
176,477
400,649
859,765
13,503
13,011
527,886
2,800
21,282
12,244
518,234
2,564
19,915
51 ,434
258,795
100,829
62,892
123,309
158,981
128,631
301,239
13,436
1,189,022
9,007
50,921
2,432
17,582
10,664,521
9,525,754
3,580,494
2,902,725
2,642,038
1,810,493
377,487
178,304
141,554
190,398
11,778
707,035
93,323
191,352
97,869
716,516
406,371
154,148
85,641
211,230
92,061
41,685
92,725
137,660
65,724
40,848
90,511
1,U3,990
1,031
451 ,449
240,034
256,190
57,690
72,594
248,773
236,703
47,800
92,597
33,600
27,500
941,527
1,963,111
21,500
497,266
120,290
5,262
10,000
246,300
223,102
196,012.
1,650
146,177
61
4,623,755
65,074
200
1,031
137,600
6U
5,375
95,008
24,872
396,526
241,195
69,879
33,331
3,875
230,437
5,080
94,652
23,282
376,317
149,758
62,160
17,894
3,870
3,366,420
1,760,242
1,299,224
247,531
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
35,089
72,641
55,916
45,263
131,365
2,415,181
119,776
205,142
214,984
415,695
511,807
29,369
37,626
45,569
43,276
125,478
2,392,559
118,233
171,586
206,590
411,507
29,368
32,303
25,813
UO,502
79,580
1,502,258
117,803
157,457
158,710
188,542
324,541
Total Asia
4,222,859
4,022,295
2,635,126
958,288
25,428
24,269
45,719
26,065
114,354
23,069
20,278
37,794
25,269
78,504
13,577
19,862
32,164
22,181
49,297
8,990
Total Africa
235,835
184,914
137,081
Other countries:
Australia
All other
161,623
22,114
155,882
16,131
183,737
172,013
4,588,056
15,993
167,506
4,587,557
15,993
167,469
."
Total Latin America
,
14,
10,000
21,750
1,064
1 1
,843
Asia;
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total other countries
International and regional:
International
European regional
Latin American regional
Total international and regional
Grand total
,
4,771,555
4,771,019
26,347,652
23,078,275
18,751
6,800
24,000
17,726
656,368
192
10
217,396
35,796
5,501
2,320
16,904
Other
i/
98
Treasury Bulletin
.CAPITAL MOVaCENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of April 30, 1964
(Position in thousands of dollars)
Short-term claims payable in dollars
Total
shortterm
claims
Country
Foreign
banJcs and
Total
o.'fioial
institutions
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
,
,
,
,
,
,
,
,
,
,
,
,
7,969
29,199
12,461
74,708
85,546
135,388
8,830
84,976
46,766
34,009
17,462
29,640
29,312
80,848
25,209
239,595
17,205
24,568
U
7,466
23,437
10,600
74,525
69,891
112,901
8,7U
81,742
31,434
32,031
17,302
28,748
27,083
66,304
25,208
110,212
17,202
24,109
2,832
3,115
1,523
2,451
6,977
5,925
168
32,658
5,168
5,765
6,328
5,496
1,129
20,038
21,676
41,239
11,549
739
41
5U
3,221
1,000,317
785,524
177,997
716,379
409,261
40,466
179,781
147,052
191,649
227,96^
16,622
518,646
45,871
112,864
48,222
124,472
146,023
37,282
145,590
118,073
176,087
227,819
16,595
499,970
45,861
112,762
47,819
123,450
145,670
37,190
18,334
31,580
30,799
27,521
195,994
14,501
11,294
10,032
22,382
11,229
6,214
11,475
11,675
11,475
11,646
614
12
1,819,603
1,720,007
380,506
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2,014
13,021
22,420
204
33,581
2,367,848
29,142
161,256
7,651
57,146
73,618
2,009
12,938
21,404
204
33,428
2,307,785
29,142
160,896
7,651
57,096
72.391
1,668
3,996
4,779
130
10,240
467,730
10,056
85,521
2,293
10,335
21.165
Total Asia
2,767,901
2,704,9U
617,913
712
1,438
20,241
24,483
55,594
712
1,438
19,410
24,479
55,216
106
102,468
131,255
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republic
Bahamas and Bermuda
Netherlands Antilles and
Surinam
Other Latin America
Total Latin America
Asia;
China Mainland
Africa;
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other cotintries;
Australia
All other
Total other countries
International and regional;
International
European regional
Latin American regional
Total international and
regional
Grand total
16,582
16,
39,721
8,167
31-,
47,888
39,311
255
707
255
707
366
7,945
962
962
6,455,518
"^,761,264
58
2,583
6,354
24,78?
33
Other
Collections
outstanding
for own
account and
domestic
customers
Short-term claims payable in foreign currencies
Acceptances
made for
accoxint
of
foreigners
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
Foreign
government
obligations
and commercial and
finance
paper
.
fane
1964
99
.CAPITAL MDVamfTS
Table
3.-
Section III - Preliminary Details by Countries
Long-Term Banking Liabilities to and Claims on
Foreigners as of April 30, 1964
(Position in thousands of dollars)
100
,
June
1964
101
.
CAPITAL MOVEMENTS
Section IV - Supplementary Data by Countries
Table 2.- Estimated Gold Reserves and Dollar Holdings
of Foreign Countries
and International Institutions
i/
(Position at end of period in millions of dollars)
1962
1963
December
Area and country-
Western Europe;
Austria
Belgium
Denmark
Finland
France
Germany, Fed, Republic of.
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 2/
Total Western Europe
Canada
Latin American Republics;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
Total Latin American
Republics
Asia;
India
Indonesia
Japan
Gold and
shortterm
dollars
783
1,542
98
134
U.S. Gov- Gold and
ernment
short-
bonds
term
and notes dollars
789
16
1,558
96
2
140
3,7U
3
4,12;
6,409
196
3,627
1,829
155
632
623
3
6,22..
243
48
3,385
1,809
160
635
705
673
3,273
162
4,630
572
28,916
708
29,182
4,057
389
3,871
671
3,575
165
4,191
542
1
87
1
1
93
83
«
370
271
429
178
205
16
626
98
152
318
403
167
226
16
690
97
155
276
837
421
281
806
336
3,398
Philippines
Thailand
Other
288
72
2,499
215
437
1,447
Total Asia
4,953
Africa:
South Africa
March
13
3,603
296
74
2,558
225
471
1,519
50
5,143
540
597
(Egypt)
Other Africa 4/
188
373
10
193
377
V
1,101
10
337
287
29
United Arab Republic
Total Africa
Other countries:
Australia
Other
Vy
Total other countries
624
29
Total foreign countries
43,054
1,199
International and regional 6/
Grand total
7,349r
50,403r
911
1
102
Treasury Bulletin
.
CORPORATIONS AHD CKRTAIN OTHER BUSINESS-TYEE ACTIVITIES.
The current financial statements of corporations and
certain other business-type activities of the United States
Government **ilch appear In the "Treasury Bulletin" beginning
with the August 1956 Issue are compiled from reports subnltted to the Treasury under Department Circular No. 966,
issued January 30, I956, 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 I55O
(Jl U.S.C. 66b),
and represent another step In the program
of comprehensive and Integrated Government accounting and
financial reporting for which authority was provided In
that act. They supersede Budget-Treasury Regulation No. 3,
Issued under Executive Order No. S512 of August I3, 19U^0,
as amended by Executive Order No. 90Sl^ of March 3, 13^2,
under which financial statements previously published In
the Bulletin were submitted.
statements of financial condition are published quarterly
and appear as Section I in the series of tables.
The first
cata under the new regulations are for March 3I, 1956, and
were presented in the August I956 Bulletin. Statements of
income and expense and source and application of funds are
published semiannually, for June JO and December 3I reporting dates, and appear as Sections II and III. The first of
these statements under the new regulations cover the fiscal
year 1956, and was publlphed in the January 1957 Bulletin.
Within the sections, the agencies are grouped in separate
tables by type, as follows: public enterprise revolving
intragovemmental revolving funds, certain other
activities, deposit funds, and trust revolving funds.
funds,
Supplement No. 1 added to the coverage by including
all executive agencies and activities not reporting under
Department Circular No. 966, but required only a statement
of financial condition annually as of June
ralxed-ownershlp Government corporations specifically In-
"}().
These are
mainly not busineea-type activities, and those which had
not yet developed formal accounting procedures to provide
cluded In the Government Corporation Control Act, as amended
complete balance sheet types of statements were authorized
In coverage. Department Circular No. 966 requires
subalsslon of financial statements by all wholly owned and
Thus the sup-
(31 U.S.C. S^S, 356); and all other activities of the Gov-
temporarily to report only the asset side.
ernment operating as revolving funds for which businesstype public enterprise or Intragovemmental fund budgets
plement rvunds out provision for the Information on prop-
are required by the Bureau of the Budget.
Other activities
and agencies whose operations, services, or functions are
largely self-llquldatlng or primarily of a revenue-pro-
Treasury has been asked to furnish to the Committee on
Government Operations, House of Representatives, for a
ducing nature, and activities and agencies whose operations
comprehensive reporting under Supplement No.
result In the accumulation of substantial Inventories,
30.
in-
vestments and other recoverable assets, may be brought
under the regulations as agency accounting systems are
developed to the point where they are capable of furnishInjj the financial reports required.
Four kinds of financial statements are called for by
Department Circular No. 966.
cial condition,
of funds,
They are statements of finan-
Income and expense,
source and application
and certain commitments and contingencies.
The
erties and assets of the United States Government which the
continuing study of the assets of the Government.
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. Two classifications of
the lo&ns are shown, one by type and one by agency.
Data
prior to 1956 are based on the esu-lier reporting requirements, which provided for complete coverage of Government
lending agencies.
Jane 1964
103
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.
Table
1.
Section I - Statements of Financial Condition
Summary by Specified Classes of Activltiep, March
31, 1964
(In thousands of dollars)
Account
•
Treasury Bulletin
1(X
CORPORAT'.ONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1964
(in thousands of dollars)
Agency for International Development
Alliance for
Progress,
development
loans
Account
Development
loans
Development
loan fund
liquidation
account
Agriculture Department
Foreign
investment
guaranty
fund
Commodity
Credit
Corporation
Federal
Crop
Insurance
Corporation
1/
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 Goverranent 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 )«...••.«•••.•. •••••.•*•
43,500
17,216,781
1,036,174
-343,035
1,016,122
5,405,030
-1,650,070
1,380
2,147,825
Total assets
39,979,015
LIABILITIES
Accounts payable:
Government agencies....................
Other
Accrued liabilities:
Government agencies.
Other
Advances from:
Government agencies......... ...........
Other
Trust and deposit liabilities:
Government agenc lea
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-bearing Investment:
Capital stock...............
Appropriations... ....................
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenues (-)...................... ....
148,799
728,677
6,56/1,812
1,760,152
600,763
73,123
2,531
13,569
125
46,915
1,625,200
159,859
-9,783
264, 518
811
16,562
551,252
436,464
6,062,705
-893,997
2,611
467,072
327,275
4,516,267
-392,864
310
3,719
24
14, 527
1,349
162,231
90,865
440,889
511
1,407
13,220
260,780
827,631
251,971
1,036,174
1,930
40,000
3,395,568
y
-110,209
244,078
-153,873
519
-271
1.253,598
V
992,579
2,589,190
73,123
1,907,438
83
9,104,943
51,031
3,422
75,324
614
313,610
139,117
623,517
167,345
56
1,9U
954
419
1,560
123,844
127,407
115,034
45,326
191,696
606,448
180,015
3.078.804
5,632,808
83
21
1,957,123
1,599
21
2,648,957
5,237
100,000
13,709,000
130,000
24,1U,743
1,231,085
1,041,000
14,022,113
1,887,768
795,273
-8,678,767
989,600
2,774,800
2,000,000
30,000
-300
3,195
-190,200
4,590
-27,962
132,331
27,861
15,241
-197,007
-196,931
•7,353,014
40,000
97,043
248
-434
-91,064
y
Total United States interest
34,346,208
992,495
2,589,190
1,907,438
73,103
6,455,986
45,793
Total liabilities and investment
39,979,015
992,579
2,589,190
1,907,438
73,123
9,104,943
51,031
ANALYSIS OF UNITED STATES INVESTMENT
United States investment...... ...........
Accumulated net Income, or deficit (-)...
43,024,975
-8,678,767
989,300
3,195
2,584,600
4,590
1,775,107
132,331
57,861
15,241
13,809,000
-7,353,014
136,857
-91,064
investment incl. interagency Items.
Interagency items:
Due from Government agencies (-).......
Due to Government agencies.............
'34,346,208
992,495
2,589,190
1,907,438
73,103
6,455,986
45,793
investment excl, interagency items.
34,619,777
U, S.
U. S,
Footnotes at end of Table
8.
-756,771
1,030,339
992,495
2,589,190
1,907,438
(Continued on following page)
73,103
-507,072
432,067
2,070
6,380,981
47 863
,
June 1964
105
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1964
(Continued)
(In thousands of dollars)
Agriculture Department - (Continued)
Commerce Department
Farmers' Home Administration
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 secur it les
,,...,.......,.,,
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 (-)
,..,,.
Acqxilred security or collateral (net)....
Land, structures, and equipment
.,
Accumulated depreciation (-),.... ....••
Foreign currencies, .......,,,..,..
,,
Other assets (net ),....,.,.,,.,
,,,
Tota 1 assets. .....,....,,,,,,,,•,,,,
181,450
Investment Incl. interagency items.
Interagency items:
Due from Government agencies (-),,..,,.
Due to Government agencies.......,,,.,.
U. S. investment excl. interagency items.
Footnotes at end of Table 8.
fund
51,379
Rural housing
for the
elderly
revolving fund
4,997
fund
Area
Redevelopment
Administration
Area
redevelopment
fund
4,500
43
1,834
4,227
1,187
2,695
883
488
982,217
75,154
86,824
50,702
-96,692
-16,433
352
265
26,288
U7
-109
86
546
194
21
1,096,022
113,353
98,403
1
43
4,500
52,918
1,593
2,828
13
1
12,446
606
400
2,463
2,834
NET INVESMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U, S. Treasury,..
Other
Noninterest-bearing Investment:
Capita 1 stock. ...,,,,,,,..,.,. ..,.•••
Approprla t ions •......•.••,,.,.-.....,
Capitalization of assets (net)
Other
Accxanxilated net income, or deficit (-),
Deposits of general and special fund
revenues (-),...,,.••,,,,,,,.,.,*.••••
U. S.
fund
15
Total liabilities
ANALYSIS OF UNITED STATES INVESIMEOT
United States Investment...,
Accumulated net income, or deficit (-),.,
Agricultural
credit
insurance
1,664
LIABILITIES
Accounts payable:
Government agencies, ,,,,,,.,........,,•
Other
Accrued liabilities:
Government agencies...,,,,,,........,,.
Other
Advances from:
Government agencies ,....,,., ...........
Other
Trust and deposit liabilities:
Government agencies. ..,
,
Other
payable:
and
notes
Bonds, debentures,
Government agencies, .,,,.............,,
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves),..
Total United States interest.
Total liabilitie s and investment
Emergency
credit
revolving
Expansion
of defense
production
Aviation
war risk
insurance
revolving
201
12,446
5,062 6/
66,338
77,270
597,960
4,500
160,000
45,858
1,000
456,079
39,149
-92,707
15,071
1,093,187
113,151
93,341
4,500
1,096,022
113,353
98,403
4,500
1,054,038
205,858
-92.707
78,270
4,500
39.U9
1,093,187
113,151
93,341
-1 ,664
-9
-4,227
606
2,828
1
,094,351
13_
113,155
51,392
15.071
89,720
(Continued on following page)
4,500
-78,784
43
1,515
U6
43
52,907
43
52,918
-12,
51,392
66,338
-78.784
43
^515
-12,446
43
52,907
43
52,907
12,446
4,500
106
rn
Jane
1964
107
. CORPORATIONS AND
CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condi tlon
Table 2.- Public Enterprise Revolving Funds, March 31, 1964
-
(Continued)
(In thousands of dollars)
Defense Dcpt.
( Continued)
Office of
Civil Defense
Account
Civil defense
procurement
Cash in hanks, on hand, and in transit...
Fund balances with the U. S. Treasury Tj.
Investments:
Public debt securities (par value).....
Securities of Government enterprises...
Onamortlzed premium, or discount (-)...
Public Health
Service
Social Security
Administration
Revolving fund
for certification and other
services
Operation of
commissaries,
narcotic
hospitals
Bureau of
Federal Credit
Unions
5
1,465
Other securities
Advances to contractors and agents:
Qovemnent agencies
Other
Accounts and notes receivable:
Government agencies. ..••...........•..•
Other (net)
Inventor i es .....•....•.••......••.•......
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, structiires, and equipment
Accumulated depreciation (-)
Foreign currencies,
Other assets (net).
Total assets
Health, Education, and Welfare Department
Food and Drug
Administration
1,595
8
25
10
20
lAk
1,502
•
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)...
2i2
135
552
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
Accumulated net income, or deficit (-),
Deposits of general and special fund
revenues (-)...............•••••-••••
'
•
1,500
VVV
791
1,235
Total United States interest
Total liabilities and investment
1,500
1,502-
ANALYSIS OF UNITED .'TTATES INVESTMENT
United States investment...... ....•••••••
Accumulated net Income, or deficit (-)...
1,500
IM.
791
investment Incl. Interagency items,
Interagency items:
Due from Government agencies (-)
Due to Government agencies
1,500
1,235
-12
-2
investment excl. interagency items.
1.^38
1,233
U. S.
•
U.
S.
Footnotes at end of Table
35
Interior Department
Bureau of Indian Affairs
Revolving
fund for
loans
Liquidation
of Hoonah
housing
project
Office of
Territories
L^^ans to
private
trading
enterprises
108
rr
June
1964
109
no
Jane
1964
111
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Section I - Statements of Financial Condition
Table 2.- Public Enterpr Ise Revolving Funds, March 31, 1964
(Continued)
(In thousands of dollars)
Housing and Home Finance Agency - (Continued)
Office of the Adminiatrator
Account
Public
facility
loans
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
^counts 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 asset 3...... ...... .................
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)...
Tota 1 liabilities
NET INVESTMEMI
United States interest:
Interest-bearing investment:
...»
Capita 1 stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock. ............. ..**••>•••
Appropr ia t ions. . .............-..*...•
Capitalization of assets (net)
13,998
Public works
planning
fund
22,813
Liquidating
programs
3,095
-
(Continued)
Urban
renewal
fund
387,086
Community
disposal
operations
fund
Housing
for the
elderly
3,042
203,539
1,621
703
5,986
136,899
18,781
142,409
-3,901
153, 7i2
la
400
3,951 12/
-3,800
143
3,453
-3,40S
21.815
2.320
44,635
21,293
535,881
1,521,245
283
249,001
-4,997 11/
4,320
1,544,404
478
1,038
188
68
2
13,161
465
1,300
1,078
994
21
10,444
3,111
94
12,222 6/
14,455
69
256
1,432,830
385,000
15i,229
250,000
523,659
153,742
44,635
21,293
535,881
157,229
56,851
-12.216
1,213,584
-1.192.385
1,474,250
-950.591
19,505
-12,695
44,635
21,199
6,810
150,631
523,659
investment Incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S. investment exol. interagency items.
152,747
3,000
58,000
-6,598
150,631
-1,U9
-950,591
76,005
-56,500
-12,695
-1,001
83,492
6,810
248,999
1,516,322
-",067
5i9,00l
1,544,434
250,000
-1,001
1,432,830
83,492
248,999
1,516,322
.
-15,549
13,161
1,778
2,116
U,635
21,199
(Continued on following page)
8.
45,067
73
21,199
Footnotes at end of Table
157
6,376
7,067
U,635
U. S.
337
-225
-12,216
ANALYSIS OF UNITED STATES INVE5IMEOT
United States investment......
Accumulated net income, or deficit (-)...
1,789
4,453
126
1,089,250
Total United States interest.....
Total liabilities and investment
Special
assistance
functions
10,939
1,325,234
277,156
-388,806
-1,192,385
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-).....................•••••
Federal
National
Mortgage Assoc.
525,437
6,S10
248,999
1,513,934
112
June 1964
113
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.
Statements of Financial Condition
^
T
K,
o
,^w,^®*^**°"
Table
2.Public Enterprise Revolving Funds, March
31, 1964
(Continued)
(In thousands of dollars)
Veterans' Administration - (Continued)
Servicedisabled
veterans
insurance
fund
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 .,.,,,,,,,,,,.,,,,,,,,,,.,,,,,
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 (-)..,,.,,,,.,,,
Acqxiired security or collateral (net),...
Land, structures, and equifraent
,,
Accumulated depreciation (-),.....••...
Foreign currenc ies,, ,,,,,,,,,,,,,, ,,,,,,,
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 0. S
Not guaranteed by the 0, S, ,,,,,
Other liabilities (including reserves),,.
Total liabilities
MET INVESTMENT
United States interest:
Interest-bearing investment:
Capita 1 stock, .,,,........,,,,.•
Borrowings from the U. 3, 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 liab ilities and investment
ANALYSIS OF UNITED STATES INVE5IMENT
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 8.
971
Soldiers
and
sailors'
civil
relief
Veterans'
special
term
Insurance
fund
109
523
59
Export-Import Bank
of Washington
Vocational
rehabilitation
revolving
fund
Regular
lending
activities
Liquidation of
certain Reconstruction
Finance Corporation assets
Farm Credit Administration
Short-term
credit
investment
fund
Banks for
cooperatives
investment
fund
4,205
293
315
56,665
69,089
1,250
73,335
80,911
1,250
130,000
150,000
130,000
150,000
114,503
10
1,463
1
2,682
6i
3,250
-60,249
55
2,781
35
93
3,532,695 16/
415
-222
40
i,3U
9A
120,667
778
391
3,599,162
22
157
8i3
8,325
8,380
27
573
28,712
10i,923
495,386
76fc
512,869
1
05
,
1,185,500
1,000,000
i,500
400
2,003
1,250
U,901
-12
900,792
90
U,901
388
3,086,292
130,000
150,000
120,667
391
3,599,16
i,,:50
130,000
150,000
9i
2,003
-1,913
400
1,250
150,000
14,901
2,185,500
900,792
130,000
i,500
-28,899
90
14,901
333
3,086,292
1,250
130,000
150,000
-2i,399
14,901
388
3,094,666
1,250
130,000
150,000
-Zi,399
90
-28,899
-1,913
-2i,399
i,3U
8,374
(Continued on following page)
lU
Treasury Bulletin
CORPORATIONS AND CEEITAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, March 31, 1964
(In thousands of dollars)
(Continued)
Jane 1964
115
CORPORATIONS AND CERTAIN OTHER BUSINESS-TWE ACTIVITIES
.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, March 31, 1964
(In thousands of dollars)
Legislative
Branch
Accoxint
Total
Government
Printing
Office
ASSgIS
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)
,
1,1U
2,796,825
33,846
29,113
717,699
88,915
6,665,009
-127
571,375
-260,137
87,999
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)..,
,
hlEI
418,831
2,566,453
Tota 1 liabilit ies
INVESTMEm
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S, Treasury,.,
Other
Noninterest-bearing investment:
Capita 1 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.
ANALYSIS OF UNITED STATES INVESMEOT
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.
914
12,356
779,U5
285,917
6,990,766
109,079
8,165,208
10,731,661
8,056,128
109,079
8,165,208
-751,545
1.620,639
9,034,301
17,580
25
31,362
Treasury Bulletin
116
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 3.-
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, March 31, 1Q64
(In thousands of dollars)
(Conrlnued)
Jane 1964
117
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds,
March 31, 1964
-
(Continued)
(In thousands of dollars)
JJefense Department - (Continued)
Army
Department
(Continued)
Account
Corps of
Engineers
Health, Education, and Welfare Department
Navy Depar t ment
Stock
fund
Industrial
fund 2/
Public Health Service
Marine Corps
stock fund
Service and
supply fund
ASSETS
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
Unamortiaed premium, or discDunt (-)
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Ot her (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)
Total assets
LLA3ILITIES
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
28,
U7
131,083
1,099,462
31,789
5,627
219
5,269
187
18,969
331
7,558
42,525
9,787
1,134,933
106,351
1,089
188,286
1,027
202,751
259,967
-133,955
2,236
2,321
4,479
2,569
28
183,253
1,326,276
1,405,155
239,163
1,390
9,849
3,895
53,002
23,728
19,923
5,630
9,836
845
Working
capital fund
Working
capital fund
85
1,370
11
1,755
79
179
364
225
434
-261
482
-243
482
4,371
700
1,129
311
953
11
17
160
221
162
23
102
391
883,412 2/
*
2,555
358
7,003
Office of
the Secretary
1,013
-202
109,169
Narcotic
hospitals
15
Other:
Guaranteed by the United States
Not guaranteed' by the United States.
Other liabilities (including reserves)..,
43,530
16,195
102,276
1,753
95
Total liabilities
62,129
73,092
1,141,065
17,219
1,523
50
648
450
2,003
134
92
240
395
424
241
-
150
MEl 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...
280,369
-45,874
24,525
97,555
2a,950 4/
1,253,184 4/
29,596
-956
121,124
1,253,184
264,090
221,950
2,848
650
481
1,129
240
241
Total liabilities and investment.
183,253
1,326,276
1,405,155
239,168
4,371
700
ANALYSIS OF UNITED STATES INVESTMEOT
United States investment
Accumulated net income, or deficit (-)...
122,080
-956
1,253,184
234,494
29,596
221,950
2,453
395
226
424
1,253,184
264,090
221,950
2,848
650
481
121,124
-179
175
477
Total United States investment including
interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
-13,969
1,747
-42,525
3,895
-106,571
907,141
-845
5,630
-1,374
313
-79
11
Total United States investment after
exclusion of interagency items
1,214,554
1,064,660
226,735
1,786
582
103,903
Footnotes at end of Table 8.
(Continued on following page)
118
nn
June 1964
119
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES,
Table 3.- In
'
,
Treasury Bulletin
120
CORPORATIONS AND CERTAIN OTHEH BUSINESS-TYPE ACTIVITIES,
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March 31, 1964
(In thousands of dollars)
Agency for International
Development
Total
Account
Foreign
currency loans
Private
enterprises }/
ASSETS
Cash in banks^ on hand, and in transit.,,
with
the U. S. Treasury 1/
Fund balances
Investments:
Public debt securities (par value)
Securities of Govemment enterprises..,
Unamortized premluni, or discount (-)..,
Other securities
Advances to contractors and agents:
Cjovemment 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 enterprise!
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 )... ....•..•.•.....•.••.
,
Tota 1 liabilities
HSr INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury,.
Other
Noninterest-bearing investment:
Capita 1 stock .....,,.,.,,,,.
Appropriations.
Capitalization of assets (net)......
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)... ....•••. ..............
Farmers
Home
Administration 2/
2,901
1,524
5,961,804
80,106
Rural
Electrification Administration
1,117
87,379
i,405
Maritime
Administration
epartment
Loans of
Inland
Waterways
Corporation
liquidation
1
353, 7B2
5
5,39i,802
38
19,437
12,669
166,693
2,067,793
7,116,455
,
20
,
638,916
412,952
Total assets.......
LIABILITIES
Accounts 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 agenda. ..................
Other: Guaranteed by the U, S
Not guaranteed by the U. S. ....
Other liabilities (including reserves)..
U.S. dollar
and foreign
currency
loans
Ccnmerce
Agriculture Department
9,733,219
2,912,248
-12,436
122,465 A/
328
40,902,020 7/
,
143,718
397,728
,
36,836
153,688
6
5
49
8,272
1,919
105
1,554
51,129
4,102
148,332
1,031
112
1,616,136
2,819,039
548,336
3,831,720
103,535
3,750
93,209
-3,346
-9,090
127
127
7,721,343
-3,819,304
858,088
1,709,887
7,834
4
90
2,114
-1,249
243,992
9_
339,091
745
-342
4,416,984 i/
-3,677,935 6/
614,096
101,313
32
5,325,703
638,167
4,059,956
1,219,597
328
13
60
64
70
20,495
12,515
4,734
1,864
18,746
533
138,465
11,858
3,862
27,445
27,506
17
726
1,180
13,846
29,707
U,312
7,801
142,768
7,747
4,926
1,176
2,955
976,279
20,589
26,564
20 590
197,957
5,049,093
745,517
464,941
3,838,634
5,154,417
320,641
3,U8,866
-103,800
64.917
704,089
-7,893
-4,926
-291,510
-1,148
-117,200
2,559,004
-3,625
-3,919,193
-555,938 8/
26,5U,462
398,197
,
2,689,612
11,555,723
-3,328,752
-19,122
-2,584,398
-39,983 8
-253,098
-1,562
-1,063,412
39,925,740"
339,091
5,305,114
611,604
4,039,366
1,021,640
3,862
Total liabilities and investment........
40,902,020
339,091
5,325,703
638,167
4,059,956
1,219,597
3,862
ANALYSIS OF milTED STATES INVESTMENT
United States investment.,.,....,..,....
Accumulated net income, or deficit (-)..
43,254,492
-3,328,752
358,214
-19,122
5,240,197
64,917
903,114
-291,510
4,156,566
-117,200
4,940,833
-3,919,193
3,862
investment incl. interagency items
Interagency items;
Due from Government agencies (-).....,
Due to Government agencies............
39,925,740
339,091
5,305,114
611,604
4,039,366
1,021,640
3,862
-122,465
12,515
-7,834
5,914
-5
18,816
-137
28,241
investment excl. interagency items
39,338,460
5,195,163
609,684
4,058,178
1,049,743
Total United States interest
U. S,
U. S,
Footnotes at end of Table
8.
-825,047
237,767
339,091
'
(Continued on following page)
3,862
3,862
June 1964
121
— CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March
31, 1964 - (Continued)
(In thousanda of dollars)
122
rr
Jane 1964
123
CORPORATIONS AND CERTAIN OTHER BUSINESS-TIPE ACTIVITIES
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March
31, 1964 - (Continued)
(In thousands of dollars)
Federal
Civil
Service
Coinmission
Cominunications
Commission
Federal
Maritime
Coramission
Federal
Mediation and
Conciliation
Service
Federal
Power
Commission
2,123
4,615
Interstate
Commerce
Commission
Panama
Canal
Payment
of loan
guaranties
Canal
Zone
Government
ASSETTS
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
Allowance for losses (>),,,,,,,,,,,,,,
Accrued interest receivable:
On public debt securities, .,•••,,.,,,,
On securities of Qovemnent 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 agenc les, ,,.,..
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),.,
8,099
5,862
1,002
284
18,965
4,400
27
61
131
1
11
13
91
2,408
1,337
7
31
167
51
14,076
3,057
5,766
243
457
1,339
11,295
11,777
1,253
2,585
6,090
40
303
607
54,779
-21,189
8,951
1
5
676
398
1,042
5,077
14,076
70,123
5,698
94
15
936
17
<
<
Total liabilities
NSr INVESTMENT
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
....<
,
ANALYSIS OF UNITED STATES INVESTMENT
,,,,..,,
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
465
83
101
18
158
16
1,523
328
546
1,068
42
559
4,866
5
858
1,559
12/
12,389
2,556
7,825
5,637
911
3,102
3,041
694
-89
4,531
1,523
4,531
57,733
3,952
694
14,076
8,739
14,076
70,123
14,076
1,613
15,026
42,707
,777
1,253
2,585
6,090
1,523
4,531
57,733
3,952
694
14,076
8,739
1,523
57,733
694
14,076
3,952
4,531
8,739
-61
1,467
-131
465
102
10,145
4,286
796
11,295
1 1
(Continued on following page)
8.
1,062
853
-2,408
5,713
-13
947
1,721
5,465
14,076
61,038
Treasury Bulletin
124
CORPORATIONS AND CERTAIN OTHER BUSINESS-TlfPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, March 31, 1964 - (Continued)
(in thousands of dollars)
June 1964
125
.CORPORATIONS AND CERTAIN OTHER BUSINESS-T^ffE ACTIVITIES.
Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, March 31, 1964
(In thousands of dollars)
Farm Credit Administration
Account
ASSETS
Cash in banks, on hand, and in transit
Fund balances with the U. S, Treasury 1/,
Investments:
Public debt securities (par value)
Secxirities of wholly owned Govt, enterprises.
Unamortized premium, or discount (-)
Other securities
Advances to contractors and agents:
Government agencies
Other
Inventories
Allowance for losses (-)•...%,.«
Accounts and other receivables:
Government agencies
Other (net )
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land , structures , and equipment
Accumulated depreciation (-)
Other assets (net )
Total assets
Banks
for
cooperatives
Total
Federal
intermediate
credit
banks
Federal
Deposit
Insurance
Corporation
Federal Home
Loan Bank
Board
Federal home
loan
banks
86,553
29,127
16,877
10,960
1
200
780
1,347
57,945
27,579
i, 794, 417
43,020
111,368
2,917,729
1,722,300
-33,359
-315
-503
-19,621
-12,920
45
45
22
101,590
11,661
38,812
9,325
7,227,712
-10,323
7,925
818,884
-9,370
1,400
2,239,864
70
5
70
581
17
27,190
23,926
955
-953
4,168,009
8,239
«
280
935
-909
1,062
10,100
2,593
,096
2,403,189
2,945,829
5,989,433
3
6
7,517
30,401
91
825
65,311
164
47
977,690
9,755
-1,433
14,035
-524
12,227,547
100
134,053
980,348
12
2,400
221
25,075
1,400
18,675
6,302,020
237,886
595,400
462
2,090,120
3,993
233,224
3,616,500
207
7,649,671
607,193
2,143,431
234,350 2/
4,664,698
1,322,499
255,387
83,360
71,346
LIABILITIES
Accounts and other payables:
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.
All other liabilities (including reserves)...
Total liabilities
190
14
5,000
NET INVESMENT
Private interest:
Capital stock
Accumulated net Income, or deficit (-).
1,189,250
135,485
Total private interest.
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury
Other
Noninterest-bearing Investment:
Capital stock
Appropriations, .•.,•...•.••-'.••
Capitalization of assets (net)
:•••",
Other
Accumulated net income, or deficit {-)
Deposits of general and special fund revenues (-)
Total United States interest
Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)
items
Total U. S. investment Including interagency
Interagency Items:
Due from Government agencies (-)
Due to Government agencies
items
Total U. S. investment excluding interagency
1/
2/
2/
See Table 1, footnote 1.
See Table 2, footnote 6.
.,
..
,.
^
„j is
<„
distribution and
The surplus is not available by law for dividend
insura reserve for future deposit
considered by the Corporation as
with respect to insured banks.
ance losses and related expenses
Less than »500.
Treasury Bulletin
126
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certal n Trust Revolving Funds, March 31, 1964
(In thousands of dollars)
June 1964
127
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I
Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, March 31, 1964 - (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
Civil Service Commission
Employees'
health
benefits
fund
Employees'
life
insurance
fund
Federal
Communications
Commission
Retired
employees'
health
benefits
fund
International
telecommunication
settlements
ASSETS
Cash In banks, on hand, and in transit....
Fund balances with the U, S, Treasury ^.
Investments:
Public debt seouritlea (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
Allowance for losses (- )
Acquired security or collateral (net),,,,.
Land, structures, and equipment
Accumulated depreciation (- )
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
219
5,225
11,613
4,685
1,477
102
17,950
31,776
-250
15,750
51,598
348,451
4,100
-328
-6,973
-26
6,521
216
27,278
9,817
1,106
-3
13
65
59
152
271
13
3
449
3,463
42
-15
27
11
-18
-3
90,649
359,728
6,669
181
37,432
14,000
2,351
113
77
19
21
349
10,581
2,OU,530
-60,684 8/
6,979
135
-24
5,678
511
2,084,621
12
830
20,540
19,058
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves),.
1,785,507
11,018
2,806
694
4,010
40,315
14,713
6,382
Total liabilities
1,836,952
25,303
50,334
345,015
345,015
287
67
116,025
50,334
359,728
6,669
181
90,649
NET INVESTMENT
Trust interest:
Principal of fund
Capitalization of assets (net)
Accumulated net income, or deficit (-),
Total trust interest.
90,722
489
489
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 (- )
li
1]
Footnotes 1 through 7 on preceding page,
8/ Represents unrealized purchase discounts,
»
Less than $500.
67
91,000
40,643
131,643
Total United States interest.
Total liabilities and investment.
113
511
2,084,621
Treasury Bulletin
128
.COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Table 7.
Section I - Statements of Financial Condition
Loans Outstanding March 31, 1964, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans 1/
(
In
thousands of dollars)
Jane 1964
129
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding March 31, 1964
Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued) 1/
,
(
In thousands of dollars)
United States dollar loans
Type of loan and lending agency
Public enterprise
revolving funds
Total 2/
Certain other
activities
Foreign
currency
loans 3/
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
Small Business Administration:
Revolving fund (lending operations)
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation fund.
^
^
General Services Administration:
Public Works Administration (in liquidation).
Health, Education, and Welfare Department:
Public Health Service
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.
^
^
Total to aid States, Territories, etc.
Foreign loans:
Military assistance credit sales:
Defense Department:
Air Force Department
Army Department
Navy Department
Other purposes:
Agency for International Development:
Alliance for Progress, development loans
Devel opment 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-Inport Bank of Washington:
Regular lending activities
Treasury Department:
Miscellaneous loans and certain other assets
Total foreign loans.
Footnotes at end of table.
5,285
676,613
556
556
1,901
1,901
948,753
830,677
5,058
398,063
113,07^
5,058
398,063
8
,647,435
1
,647,435
2,050,564
1
,647,435
1
To aid States, Territories, etc.:
Commerce Department:
Area Redevelopment Administration:
Area redevelopment fund
5,285
676,613
Total to aid industry
Total to aid education.
4,183
748
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
i,1'3
4,879
4,879
59,335
59,835
4,131
4,131
136,899
7,687
142,409
403,129
136,899
7,687
142,409
66,743 6/
66,743 6/
16,343
1,159
61 ,899
16,343
1,159
61,899
116,503
116,503
613,486
353, '-73
20,878
68,729
85,795
20,878
68,729
85,795
260,780
827,631
251 ,971
260,780
827,631
251,971
3,532,695 2/
3,154.312
3,154,312
(Continued on following page
93,209 8/
2,819,039 8/
4,033
4,033
9,822,960
1,036,174 2/
1,616,136
1,616,136
3,532,695 2/
264,714
4,873,076
4,949,384
3,948.422
Treasury Bulletin
130
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7.- Loans Outstanding March 31, 1964 , Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued)
i/
(In thousands of dollars)
June 1964
131
.CORPORATIONS AND CERTAIN OTHER BDSINES&.Tn>B
ACTIVITIBS.
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
Total
to aid
agriculture
i/
Agricultural
credit
corporations
Cooperative
associations
To aid home owners
Crop, livestock, and
commodit:
11 ty
loans 2/
Fiscal years;
1955
1956
1957
1958
1959
I960
1961
1962
1963
,
,
,
,
,
,
,
,
Calendar years;
1955
1956
1957
1958
1959
I960
1961
1962
1963
,
,
,
,
,
,
,
19,420.5
20,5i7.5
21,812.9
22,893.4
27,510.7
29,568.3
31,527.1
36,154.9
38,141.8
6,361.7
6,789.6
6,827.5
6,913.4
8,489.7
7,797.5
Total
to aid
home
owners
Farm
mortgage
loans
9,793.0
10,872.8
844.6
894.4
996.5
1,227.0
1,547.4
1,697.8
1,832.2
1,998.6
2,293.5
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
3,748.2
3,974.4
4,231.0
4,413.3
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
1,360.7
1,532.3
2,272.6
2,623.7
634.1
275.3
314.2
359.2
454.0
504.5
558.5
661.6
838.0
20,506.3
21,091.5
22,755
25,851
28,277
31,122
34,849
37,728
40,421.0
6,715.4
6,785.4
6,681.1
8,684.9
7,762.5
8,299.5
9,453.1
10,376.5
11,289.6
686.5
733.6
928.8
1,160.5
1,396.4
1,502.0
1,651.2
1,841.9
2,100.0
2,721.7
2,954.1
3,152.0
3,394.2
3,715.4
3,948.3
4,168.0
4,350.7
4,649.0
2,66e.7
2,441.6
1,840.7
3,333.9
1,752.8
1,871.3
2,486.2
2,816.9
2,982.3
596.4
239.8
357.5
399.5
484.3
530.4
608.5
768.2
931.0
41.2
366.2
401.9
396.7
413.5
36,043.4
37,867.8
38,067.4
40,783.2
9,422.7
11,440.8
10,131.8
12,002.5
2,015.1
2,006.5
2,322.7
2,241.5
4,267.8
4,436.7
4,495.6
4,674.2
1,772.6
3,514.9
1,731.2
3,415.7
726.2
797.6
891.9
950.7
.8,428.3
44.6
392.5
Mortgage
loans
y
3,094.8
3,377.7
4,380
4,628
5,872
7,563
7,763
8,340
7,050
3,094.6
3,302.7
4,276.0
4,473.5
5,641.6
7,247.0
7,371.9
7,874.2
6,685.8
539.2
598.8
627.3
3,204.4
3,771.4
4,768.6
4,860.3
6,735.1
8,032.2
3,248.3
8,244.8
6,910.5
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
6,486.9
88.3
126.6
188.5
273.0
353.1
440.4
429.9
423.6
641.1
685.0
690.4
720.5
8,265.2
7,818.2
6,892.8
6,848.3
7,810.5
7,407.0
6,522.3
6,395.4
454.7
411.1
370.6
453.0
U8.2
447.3
452.0
486.1
530.9
629.1
703.8
U7.5
.2
74.9
104.5
154.7
231.1
316.6
391.3
466.4
364.5
.3
.
y
Current quarters;
1962-Sspteiiiber
1963-Mor(;h
September
1964-March
30
31
30
31
To aid financial institutions
To aid industry
End of
period
Total
to aid
industry
Loans to
railroads
Fiscal years;
1955
1956
1957
1958
1959
1960
1961
1962
1963
438.5
626.9
639.6
654.2
716.8
753.6
727.7
876.1
903.0
12.7
12.7
12.3
Calendar years:
1955
1956
1957
1958
1959
1960
1961
1962
1963
678.3
619.3
673.9
679.9
732.8
748.0
797.9
917.8
938.5
11.2
12.5
10.3
7.8
7.4
892.0
879.8
906.8
948.8
Current quarters;
1962-September
1963-Maroh
September
1964-March
30
31
30
31
Footnotes on page 134.
8.0
7.5
7.2
6.7
32.8
32.1
y
221.0
218.6
191.0
173.8
155.2
136.8
120.7
120.6
425.3
393.2
408.6
455.2
535.5
591.3
584.2
722.5
750.2
1,019.2
1,180.6
1,086.6
933.7
1,538.9
1,801.5
1,915.6
2,768.2
3,270.8
406.5
31.7
260.7
219.3
216.3
186.6
165.7
151.4
128.2
114.7
114.4
559.7
589.6
637.0
770.8
792.4
1,419.0
1,235.5
1,272.3
1,300.6
2,136.1
2,027.3
2,708.3
3,480.0
4,785.2
32.5
32.3
31.7
31.1
117.3
122.9
116.9
112.6
742.2
3,047.3
7.0
32.7
32.3
387.5
446.9
485.5
2,5U.6
753.2
805.1
4,025.2
4,169.0
To aid
States,
Territories,
Foreign
loans
Other
loans
Mortgage
loans
companies
To aid
education
1,013.5
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
2,767.1
3,269.8
81.7
113.2
209.8
374.9
585.7
330.4
1,088.8
1,393.5
1,771.4
255.2
226.8
243.0
270.9
310.0
348.9
402.8
528.1
591.4
8,032.4
8,171.6
8,300.2
9,046.2
9,924.7
10,266.8
10,991.2
12,196.3
13,339.6
136.9
61.1
125.7
71.9
72.3
205.9
209.5
259.1
342.6
1.0
1.0
1,412.4
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
2,662.2
3,479.0
4,784.2
91.6
147.3
274.4
450.4
682.8
953.6
1,233.9
1,599.2
1,931.1
244.9
246.0
264.0
293.4
318.8
369.1
423.1
630.7
654.8
7,988.3
8,223.5
8,753.7
9,509.7
9,840.0
10,483.6
11,753.9
12,159.7
13,552.4
164.4
63.1
67.6
72.0
69.5
204.2
230.8
319.4
359.0
1.0
1.0
1.0
1.0
3,046.3
2,513.6
4,024.2
4,168.0
1,521.6
1,700.1
1,862.8
2,050.6
565.2
643.6
643.8
618.5
12,073.7
12,549.5
13,258.4
13,771.4
255.7
321.3
345.9
374.2
Total to
aid financial
institutions
Ship
mortgage
loans
5.6
7.2
7.2
4.2
1.8
31.7
46.1
1.1
1.0
(Continued on following page)
y
etc.
-
.
6
8
Treasury Bulletin
132
.
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type Activities
nued)
Excluding Interagency Loans but Including Foreign Currency Loans - (Contlnu
Part B. Classified by Agencies
(In millions of dollars)
Agriculture Department
Agency
for
International
Development 7/
Total
1/
End of period
Fiscal years:
1955
1956
1957
1958
1959
I960
1961
1962
1963
19,4.20.5
20,547.5
21,812.8
22,393.4
27,510.7
29,568.3
31,527.1
36,154.9
38,141.8
Calendar years
1955
1956
1957
1958
1959
1960
1961
1962
1963
20,506
21,091
22,755
25,851
Current quarters
1962-Sept. 30..
1963-Mar. 31..
Sept . 30 .
1964-Mar.
31..
Dept..
Devel op-
loan
fund 8/
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
3,263.1
3,655.5
5,027.1
6,123.0
31,122
34,849.2
37,728.2
40,421.0
2,682.
3,042.
3,381.
4,433.
5,222.
6,604.
36,043.4
37,867.8
38,067.4
40,783.2
4,930.9
5,586.6
6,266.4
6,904.9
Commodity
Credit
Corporation
raent
5.9
159.3
378.8
Farmers'
Home
Administration
2/
Rural
Electrification
Administration
Maritime
activities
769.6
810.6
866.5
902.7
962.6
1,013.1
1,110.6
1,322.0
1,582.4
2,285.6
2,413.2
2,585.3
2,773.6
2,973.5
3,186.5
3,367.4
3,524.6
3,693.7
14/
276.1
270.4
235.0
208.0
179.1
152.3
130.2
126.2
2,620.8
2,348.9
1,778.1
3,298.4
1,745.0
1,876.6
2,506.5
2,835.2
2,987.6
681.3
757.6
832.1
841.^
915.9
983.9
1,139.9
1,575.7
2,348.0
2,488.2
2,687.6
2,874.4
3,082.7
3,287.3
3,458.4
3,600.3
3,784.3
260.7
276.5
265.4
226.3
195.2
171.3
141.3
123.1
119.7
1,388.9
1,512.2
1,617.4
1,716.5
3,562.8
3,658.7
3,738.1
3,831.7
1,363.";
Interior
Health,
Education, and
Welfare
Dept.
Office of
Education
2,137.4
2,319.0
1,994.3
1,600.0
2,480.3
1,347.0
1,522.8
2,254.9
2,601.8
1.5
67.0
262.1
513.5
1,766.8
1,994.6
2,194.8
28, 277
Commerce
Treasury Department
Expansion of
defense
produc-
RFC (in
liquidation)
10/
143.2
89.4
111.5
179.4
255.6
344.4
13.2
15.8
18.0
14.7
14.3
13.6
12.7
11.6
10.0
251.9
294.8
339.6
403.1
11.9
11.3
10.3
9.7
.5
.4
30.8
72.7
130.7
205.2
295.5
.6
.6
.5
.4
.3
Other
11/
General
Services Office
of the
tration Administrator
12/
Adminis-
12/
202.1
116.6
70.4
.6
Expansion of
defense
prod.
tion
11.9
14.5
16.9
18.8
14.6
14.3
13.3
12.3
10.9
.7
HHFA
Dept.
170.9
185.4
180.2
181.7
169.4
162.9
121.6
121.3
51.0
185.3
173.6
177.5
176.3
164.9
161.7
126.5
112.0
51.1
3,601.0
3,555.2
3,509.5
3,522.5
3,470.5
3,406
3,369.4
3,348.7
3,323.5
84.5
83.4
82.3
81.1
79.9
162.7
165.9
173.7
154.8
229.4
303.2
456.7
477.2
679.5
905.4
1,116.8
1,433.1
1,755.8
3,552.9
3,507.1
3,557.5
3,469.9
3,406.3
3,353.3
264.3
352.4
356
3,303.3
3,261.0
83.8
82.6
81.5
80.3
79.1
163.1
165.5
162.2
149.0
570
835
1,007
1,243
1,625.4
1,907.1
3,351.3
5,311.2
3,316.1
3,278.6
166.0
150.5
150.8
153.0
1,527.4
1,688.9
1,831.4
1,994.5
:^,318.8
:
1,765.2
3,502.0
1,716.6
3,395.6
Housing and Home Finance Agency
End of period
Fiscal years:
1955
1956
1957
1958
1959
1960
1961
1962
1963
Calendar years:
1955
1956
1957
1958
1959
1960
1961
1962
1963
Current quarters:
1962-Sept. 30..
1963-«ar. 31..
Sept. 30..
1964-Mar. 31..
Federal
Housing
Administration
13/
56.6
166.7
202.2
291.8
348.7
67.4
183.3
236.2
321.3
353.2
301.5
338.6
357.0
307.9
Footnotes on page 134.
-
Secondary
market
2,584.5
2,495.6
2,356.5
2,218.5
2,030.4
1,726.5
1,587.1
1,416.6
1,270.6
9.1
233.4
1,243.1
1,393.6
1,573.8
2,600.5
2,522.3
2,871.3
2,138.1
2,555.7
2,417.8
2,239.9
2,124.3
1,949.5
1,659.5
1,507.9
1,339.8
1,174.3
85.7
648.7
1,635.8
1,380.7
2,049.8
2,903.0
2,871.9
2,846.6
2,061.3
1,375.1
1,305.1
2,847.8
2,528.3
2,091.4
2,044.5
1,202.8
1,150.5
117.3
113.2
54.9
52.1
49.9
Veterans'
Export-Irpport Bank Farm Credit Administration
Fed. Home
of Washington
Loan Bank
ExpanFederal
Federal Board
Loan
Public
Banks
Direct
sion of
Farm
interguaranty
Housing loan
for
Other
defense
Mortgage mediate
Adminis- program revolving
cooperFed home
produc
Corpora- credit
fund 16/
tration
atives
loan
tion
tion 17/ banks
(Continued)
Administration
Federal National
Mortgage Association
Management and
liquidating
l?6.n
129.7
123..^
Special
.
assist-
ance
Small
Business
Administration
Other
13/
banks
99.5
90.1
94.2
91.3
39.1
93.1
97.5
97.1
93.8
370.2
433.3
521.3
694.1
824.7
1,054.9
1,228.7
1,343.2
1,275.4
60.5
78.3
106.3
156.8
231.8
315.6
388.5
461.0
354.5
418.6
1,568.4
1,779.1
1,881.2
1,889.8
1,537.1
92.9
106.0
105.4
95.9
87.4
99.3
95.4
151.6
134.6
412.8
463.8
640.4
745.6
893.8
1,146.7
1,309.3
1,379.9
1,265.1
68.2
91.2
129.2
190.0
272.8
351.3
436.5
422.1
411.7
1,835.2
1,816.2
1,555.9
1,521.2
121.2
165.0
130.0
62.8
1,360.3
1,384.8
1,261.5
1,268.9
448.1
.4
24.6
164.2
1,211.1
1,690.1
1,823.8
1,907.6
1,612.2
5.6
72.2
402.4
359.1
440.3
22.3
30.3
36.5
32.4
28.4
24.4
15.1
23.5
33.2
34.4
30.4
26.4
22.3
8.0
321.7
349.1
334.3
410.0
525.9
553.1
596.7
2,773.6
2,681.5
2,630.2
3,061.3
3,486.6
3,268.0
3,414.9
3,712.2
3,815.6
693.4
702.2
2,702.2
2,663.1
3,005.6
3,332.1
3,231.3
3,290.5
3,893.8
3,580.7
3,610.5
375.1
457.1
454.5
511.3
622.9
650.1
697.1
736.5
842.0
3,690.3
3,592.6
3,598.6
3,532.7
696.7
761.4
737.0
818.9
11.6
3.9
2.2
846.6
897.7
996.5
1,227.0
1,547.4
1,69-.
1,830-9
1,99
=
.
2,29.
11.6
6?:
1,159.0
1,395.9
1,501.7
1,651.2
1,840.9
2,100.0
1,416.8
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
2,662.2
3,479.0
4,784.2
2,009.1
2,006.5
2,322.7
2,239.9
3,046.3
2,513.6
4,024.2
4,168.0
73:=
928..
2.2
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4
2,767.1
3,269.8
34.9
85.1
154.8
245.5
346.6
393.7
466.0
6U.7
726.2
54.1
115.6
202.9
292.8
370.8
427.5
539.5
6fl5.9
754.2
663.9
705.0
728.5
763.6
27.3
31.2
34.6
37.8
47.6
234.9
237.0
397.4
521.2
29.7
30.4
41.5
31
33.
234.
333.
424.
598.
397.3
U7.5
536.5
609.0
June 1964
133
-CORPORATIONS
AltD
CERTAIN OTHER BUSINESS-TYFE ACTIVITIES,
Footnotes to Table
2/
Thase 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 under 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 $4,86-;
million in dollar equivalent. These currencies, acquired primarily
without the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and
1
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 104 (e) of the Agricultural Trade Development and
Assistance
Act of 1954, as amended, are stated at the rates as nf March
31, 1964,
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.
Currencies that are dollar denominated or guaranteed
as to rate of exchange are stated at rates specified in the agreements.
Less than $500.
Footnotes to Table 2
1/
2/
2/
/^
^
6/
Includes operating and administrative expenses funds.
See Table 1, footnote 1.
Certificates of interest in the amount of $781 million, issued against
certain of these loans, were outstanding as of March 31, 1964.
Foreign currency assets are included throughout the table (see Table
1, footnote 2)
Represents transfers of principal and interest to miscellaneous
receipts of 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
The major agencies that have these items
from their balance sheets.
and the amounts thereof are as follows:
Amount
Activity
Agriculture Department:
Farmers' Home Administration:
Agricultural credit insurance fund
Commerce Department:
Federal ship mortgage insurance fund
Housing and Home Finance Agency:
Office of the Administrators
Urban renewal fund (December 31, 1963)
Federal Housing Administration
Public Housing Administration:
•
Local housing authority bonds and notes
Local housing authority temporary notes
Veterans' Administration:
Loan guaranty revolving fund (December 31, 1963).-.
Federal Deposit Insurance Corporation (December 31,
1963)
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation
••••-•
(December 31, 1963)
Interstate Commerce Commission (December 31, 1963)...
7/
8/
2/
10/
11/
(In millions
of dollars)
527
12/
450
13/
14/
1,112
43,224
3,653
9d5
.
1^/
16/
17/
16,256
18/
191,900
19/
^^'^11
Small Business Administration:
Revolving fund (December 31, 1963)
29
Defense production guaranties (various agencies)
(December 31, 1963)
104
Includes construction work in progress amounting to $401 million.
Represents the fund known as "Advances to ercployment security administration account, unen^jloyment trust fund,"
Figures are as of March 27, I964. Assets and liabilities of this
fund exclude resources on order of $208 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: (l) imdetermined amounts of postage in
the hands of the public which have been accounted for as revenue
when sold, Eind (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 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
Home Corporation which are being liquidated by the Association,
Changed from interest-bearing to noninterest-bearing investment pursuant to an act approved February 29, 1964 (78 Stat. 147).
Participation certificates amounting to $487 million, issued against
certain of these loans, were outstanding as of March 31, 1964.
Represents accrued interest expense on borrowings from the United
States Treasury Department on which payment has been deferred.
Includes primary and secondary reserves of $908 million. The secondary reserve is available for losses only if the primary reserve is
*
insufficient.
Consists of net income from power operations of $639 million and net
expense of nonre venue-producing programs of $277 million.
Less than $500.
.190
Footnotes to Table 3
1^
2/
Consists mainly of capital representing appropriations, reappropriations, capitalization of assets, and accumulated net income or deficit.
Figures for each of these accounts were not shown separately
on the report submitted by this fund.
Less than $500.
See Table 1, footnote 1.
Excludes capital property such as land, structures, and equipment as
follows;
Office of the Secretary, $i million; Air Force, $1,374
million; Army, $1,599 million; and Navy, $3,0W million.
Represents prepayments for orders made by other GoTernment agencies
to this fund.
Footnotes to Table 4
y
2/
^',
V
2/
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (e)).
Represents rural housing and other loans, and salaries and expenses.
See Table 1, footnote 1.
Represents amounts due from other appropriations to cover undisbursed
loan agreements financed out of grant appropriations.
Includes assets in use, vessels and other assets held primarily for
mobilization, and vessels under construction and held for scrapping.
assets,
Represents depreciation on assets in use and on mobilization
and allowance for losses on vessels held for scrapping.
(see Table
Foreign currency assets are included throughout the table
footnote 2).
Represents transfers of principal and interest to miscellaneous
receipts of the United States Treasury.
Departments.
Represents receivables of the Air Force, Army, "nd Navy
Represents interest on Invested capital.
has been
Includes the United States Study Commission - Texas which
transferred to the Treasury Department for liquidation.
AdminisServices
Represents assets and liabilities of the General
1,
8/
2/
10/
13/
12/
13/
yj
w
12/
W
12/
strategic and
tration exclusive of trust and revolving funds and
critical materials.
Reconstruction and
Includes stock of the International Bank for
subscriptions to the
Development amounting to $635 million; and
Finance Corporation,
International Monetary Fund, the International
the International Developthe Inter-American Development Bank, and
million, $250 milment Association amounting to $4,125 million, $35
lion, and $259 million, respectively.
with Germany dated
Includes $200 million due under the agreement
the agreement with Japan
February 27 1951, $442 million due under
and ™^^1"' P'-^P^-'l^y 5'»^»""'
dated Janua;? 9,'w62, and lend-lease
amount of $1,359 »i"i»"due the United States in the principal
to $3,14S million
Includes loan to the United Kingdom amounting
Does not include
States.
Represents Judgments in favor of the United
allowance for uncollectible items.
„ _u iand construction work in
Includes buildings and land improvements
progress amounting to $822 million.
_,ni„„
amounting to $363 lallllon.
Includes construction work in progress
Less than $500.
•
See Table 2, footnote 6.
.
.
Treasury Bulletin
134
CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES
Footnotes to Table 8
1/
2/
^
i/
V
6/
7/
&/
2/
10/
11/
Table 8 relates to all loan programs of Goveriunent agencies.
It includes not only the United States dollar and foreign currency loans
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, I960, 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 and certificates
of interest.
The major portion of the loans of the Veterans' Administration loan
guaranty revolving fund is included under "Mortgage loans" in 1955
and under "Other" to aid home owners thereafter (see footnote 16).
Includes guaranteed loans held by lending agencies at the end of certain periods, participation certificates beginning June 30, 1963, and
the loan to the United Kingdom.
See footnote li.
Includes loans to insurance companies amounting to $3.4. million as of
June 30, 1955, and #3.1 million as of December 31, 1955.
This Agency was established in the Department of State, and the International Cooperation Ad m inistration and the development loan fund were
abolished on November 3, 1961, pursuant to the act approved September
4, 1961 (75 Stat. AA5) , and Executive Order No. 10973 dated November
Loans of the abolished agencies were transferred to this
3, 1961.
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 7).
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 409 of the Federal Civil Defense Act
of 1950 (50 App. U.S.C. 2261) and expansion of defense production
activities carried on pursuant to the Defense Production Act of
1950, as amended (50 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- Inport Bank of
Washington, the Federal National Mortgage Association, and the Small
Business Administration. On July 1, 1954, the remaining activities
of the Corporation were transferred to the Secretary of the Treasury
to complete their liquidation, pursuant to the act of July 30, 1953,
as amended June 29, 1954.
The Corporation was abolished effective
at the close of business June 30, 1957, by Reorganization Plan No. 1
of 1957, and the remaining functions of the Corporation were transferred to the Housing and Home Finance Administrator, Administrator
of General Services, Administrator of the Small Business Administration, and the Secretary of the Treasury.
Consists of the loan to the United Kingdom and other miscellaneous
loans. Federal civil defense loans, loans of the Reconstruction
Finance Corporation liquidation fund beginning December 31, 1957
(see footnote 10), and loans of the Federal Farm Mortgage Corporation liquidation fund beginning December 31, 1961 (see footnote 17).
12/ 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. 419), and the loans are being liquidated by the Administrator of General Services), the Reconstruction
Finance Corporation liquidation fund through September 30, 1963,
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.
12/ Includes urban renewal loans authorized by the Housing Act of 1949,
as amended (42 U.S.C. 1452 (a)); beginning December 31, 1951, college
housing loans authorized by the Housing Act of 1950, as amended (12
O.S.C. 1749); loans held by the revolving fund established pursuant
to the act approved June 24, 1954 (68 Stat. 295); 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 March 31, 1964,
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 14, 1956; and beginning
December 31, 1961, loans for housing for the elderly authorized by
the Housing Act of 1959, as amended (12 U.S.C. ITOlq).
1// No loans were reported prior to December 31, 1955. Beginning with
that date, certain mortgage notes have been reported and are classified as mortgage loans.
1^/ From June 30, 1956, through March 31, 1960, 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).
16/ Thp 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).
12/ From June 30, 1956, through March 31, 1960, 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, 1960, through June
On October 4, 1961, this
30, 1961, were included In this column.
Corporation was abolished pursuant to the act approved October 4,
1961 (75 Stat. 773), and its remaining assets were transferred to
the Secretary of the Treasury for liquidation.
Ig/ The major portion of the loans is held by: Department of the Interior - Indian loans, fisheries loan fund beginning June 30, 1957,
Bureau of Reclamation beginning June 30, 1959, and Alaska public
works loans beginning June 30, 1960; Department of the Arny - guaranteed loans (World War II) through December 31, 1957; Federal Savings
and Loan Insurance Corporation, Defense Department (military assistance credit sales), and State Department beginning June 30, 19^;
Commerce Department - area redevelopment fund beginning June 30, 1962;
and agencies reporting loans pursuant to the Defense Production Act
of 1950, as amended (50 App. U.S.C. 2091), which consist of the
Departments of the Air Force beginning June 30, 1956, Army, and Navy,
and the General Services Administration as of December 31, 1959.
»
Less than #50,000.
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135
.CXMJLATIVE TAKLE OF CONTENTS
July 1963 through June 1964
Issue and page number
1963
July
*ug.
Reporting bases.
Articles:
Treasury financing operations
Sept.
1964
Oct.
II
II
Nov.
Dec.
Jan.
Feb.
II
II
Mar.
Apr.
May
II
S-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
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Sujnmaries:
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures..!
Administrative 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
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1963.
Trust and other transactions:
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and reden^tions of Government agency securities in
market ( net)
Interfund 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, 196i)
Consolidated cash transactions (formerly 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
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
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
Summary of cash transactions through the Account of the Treasurer
of the United States
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
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 Treasury bills
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills.
Dispositionof matured public marketable securities other than
regular weekly Treasury bills
Foreign series securities nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
official institutions of foreign countries
11
15
16
16
17
18
10
11
13
14
15
15
16
17
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11
11
11
10
10
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12
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In
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(Continued on following page)
56
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63
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47
Treasury Bulletin
136
.CUMULATIVE TABLE OF CONTENTS.
July 1963 through June 1964
-
(Continued)
Issue and page number
1963
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 securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accounts handled by
the Treasury
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, 1963)
57
57
Aug.
62
62
63
Sept.
61
61
196i
Oct
59
59
60
Nov,
Dec.
Jan.
64
64
65
67
68
61
61
62
64
63
63
64
66
63
63
(A
66
67
68
60
60
61
63
61
Apr.
58
58
May
66
66
67
69
70
65
62
6i
61
68
65
63
69
65
67
69
64
62
71
67
69
70
64
65
62
63
71
71
66
64
73
71
73
68
77
79
58
60
62
61
68
69
65
66
63
64
69
70
6';
62
63
70
67
65
71
67
66
59
72
:
,
74
Market quotations:
End-of-month closing quotations on Treasury securities by issues...
Chart - Yields of Treasury securities
67
69
78
Average yields of long-term bonds:
Average jrields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
70
71
72
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, 1964)
Exchange Stabilization Fund (latest date December 31, 1963):
Balance sheet
U, S. stabilization agreements
Income and expense
69
75
71
73
69
71
75
77
71
73
73
75
79
81
82
74
75
72
73
78
7A
75
76
82
83
74
71
79
75
72
81
83
84
76
77
77
74
75
75
76
77
80
81
81
82
83
76
77
77
78
79
78
84
85
85
86
87
76
77
77
78
79
73
74
74
75
76
32
83
83
34
85
73
73
84
74
75
85
86
78
79
75
76
77
77
78
79
79
77
79
79
80
81
81
70
31
76
82.
83
83
77
79
86
79
86
87
78
73
National bank reports:
Earnings, expenses, and dividends for calendar years 1959-63
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
U. S, monetary gold transactions (net)
Capital movements between the United States and foreign countries:
Summary by periods beginning 1 9^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on foreingers
Purchases and sales of long-term securities by foreigners,
lates t month
Short-term liabilities and claims reported by nonfinancial concerns
Estimated gold reserves and dollar holdings 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 1963
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 , 1964)
expense (latest date December 31, 1963)
application of funds (latest date December 31, 1963
87
78
80
84
80
84
84
80
8i
86
89
97
87
80
81
89
92
100
101
102
82
85
82
85
86
84
92
93
94
89
82
85
93
94
95
93
94
95
97
98
99
93
94
95
95
103
104
100
101
96
96
98
99
100
80
81
90
93
102
103
104
95
94
96
95
97
96
105
106
97
89
92
101
102
103
104
105
99
97
97
82
85
100
101
108
108
102
102
109
104
99
120
100
10 s
128
POSTAGE AND FEES PAID
U.S. TREASURY DEPARTMENT
TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, DC.
OFFICIAL BUSINESS
BUY
AND
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UNITED
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SAVINGS
BONDS
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U.S. Treasury Dept.
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Treasury Bulletin
1964
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Treasury Dept,
Treasury Bulletin
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