Full text of Treasury Bulletin : March 1942
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DEPARTMENT
X,
£. 40£ 3.
BULLETIN
OF THE
TREASURY DEPARTMENT
MARCH
1942
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
A
MAR 2 71942
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
BULLETIN
OF THE
TREASURY DEPARTMENT
MARCH
1942
Analysis of Receipts and Disbursements
Composition of the Public Debt
Capital Movements and Monetary Data
Other Treasury Statistics
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
.
.
Bulletin of the Treasury Department, March 1942
Cumulative Table of Contents
Issue and page number
19>»2
I.
19>U
Mar.
*eb.
7
7-8
7
7-«
7
7-8
7
7-8
7
7-8
7-8
9
9
9
9
9
9
10
10
10
10
10
10
11
12
12
11
12
12
13
13
13
13
13
13
Jan
Hot.
Dee.
Oct. Sept. log.
Jul/
June
May
Apr
Summary of fiscal statistics
Budget receipts and expenditures.......
...............
Public debt outstanding.
...............••••
Means of financing cash requirements
II.
Receipts and expenditures
Budget reeelpta and expenditures:
Summary by major classifications........ ..•••••....•••••••.•...••••••
Analysis of receipts from Internal revenue
••••••••
AnaJysl s of general expenditures ..•••.••••••......••••••••••••••••••••
Analysis of national defense expenditures.. .......•...•...••••...•...
Analysis of expenditures for (1) revolving funds and (2) transfers to
trust accounts, etc.
.....•.••........•....•••.......•.
Total budget receipts and expenditures, by months, for reoeat years...
Eeoelpts and expenditures for trust accounts. Increment on gold. etc.
Means of financing cash requirements beginning 1933****. •••••••••
Social Security program
Budget receipts and expenditures:
Social Security Act.. .....•......•...••••.••.••••..••••.••
Railroad Betlrsment Act......
•
•••••••••
Ballroad Unemplotment Insurance Act.......................
Statements of trust accounts:
Federal Old-Age and Survivors Insurance Trust Fund
Ballroad Betlrement Account
Unemployment Trust fond.
•
••
Cash Income and outgo of the Treasury:
Analysis by major classifications........
Total cash Income and outgo, by months beginning January 193 6.
III.
IT.
11
12
12
IK
14
14-15 14-15 13-14
II 13-14
13-H
13'
11
7
3J
9-10
8
6-7
a
6
6
6
12
8
7
7
7
13
9
6
7
7
6
6
7
7
7
7
12
13
13
8
8-9
8
8-9
S
9
10
10
9
9
lU
8
11
10
8-9 14-15 11-12 10-11
General Tund of the Treasury
Assets, liabilities, and balance In General rand.
16
16
Analysis of changes In balance of General fund.
17
17
.
11
11
17
ll*
13
Government securities outstanding
Public debt outstanding, classified by types of Issues:
June 30, ISMO compared vlth:
March 31, I9UI
April 30, 19U1
May 31, 19U1
June 30, 19UI
June 30, 191*1 compared vithi
July 31, I9UI
August 31, 1941
September 30. 1941
October 31, I9U1
Bovenber 30, 1941
December 31. 191*1
January 31. 191*2
February 28. 1942
15
16
19
13
13
13
19
19
19
19
20
19-20 19-20 19-20 19-20 13-14 13-14 13-4>l 19-20 16-17 19-16
20-21
Composition of the public debt.....
Debt position of the United States under limitations imposed by
Sectlen 21 of the Second Liberty Bend Act, as emended:
March 31, 19UI
June 30, 191*1
September 30, 19U1
December 31, 19W
19
25
Maturity schedule of Interest-bearing public marketable securities
Issued or guaranteed by the United States, as of month-end
preceding month of publication. ...................................
22-23
Offerings of marketable lasues of Treasury bonds and Treasury notee:
Beginning vlth January 1, 1938
21*
2-23 22-23 21-22 21-22 21-22 15-16 15-16 15-16 25-26 20-21
1*1*
He
•»7
38
32
3*
38
52
53
24
2U
23
23
23
17
17
17
Offerings of Treasury bills beginning vlth:
March 1, 1940
35
19
22
18
June 1, 19tK>
September 1, 1940
December 1, 19*0
January 1, 19UI
Tsbruary 1, 1941
Sales of United States savings bonds beginning vlth May
23-*
191*1
Sales of tax series Treasury notes beginning vlth August 19>*1
17
Receipts and expenditures on account of public debt
Computed rate of Interest on the public debt
25
(Continued on following page)
Bulletin of the Treasury Department, March 1942
Cumulative Table of Contents - (Continued)
Issue and page number
19U2
Mar.
V.
Tad.
I9W1
Dec.
Jan
Hot.
Oct. Sept. Aug.
July
Jon*
Apr
Nay
Ownership of QoTernment securities
Istlmated ovnerahlp of all interest-bearing Governmental eecurltlee
outstanding, classified by Issuer and by tax-statue, aa of June 30*
1937-19*11 and December 31. 19U1
30
Shifts In ovnerahlp of 2-1/2* Treasury bonds of 1967-72, during October I9U1
Securltiee held by 0.
March 31, 19W1
S.
Government agenciee and trust funds aa ef
*
22-23
Summary distribution, by 'tolders, of securities Issued or guaranteed
by the United Statee
Market transactions In Government securities for Treasury Investment
accounts, aonthly beginning January 13 37
*
....
•
-
-
-
•
«•«
a
is
19
16
Bank holdings of eecurltlee Issued or guaranteed by the United Statee,
December 31, 19U0. according to reports to superrleory authorities
Summary data from Treasury surrey of the ownership of Government securities:
Much 31, 19W1
April 30, 19>tl
May 31, 19>tl
June 30, 19U1
July 31. 191*!
August 31. 19U1
September 30, I9WI
October 31, I9UI
Sovember 30, I9U1
December 31, I9U1
January 31, 19W2
17
15
IS-19
1-3
1-6
30-35
2U-29
2U-29
32-37
32-37
30-35
31-36
32-37
31-36
Geographical classification of data from Treasury survey of the ovnerahlp
ef Government eecurltlee, September 30, 19W1
TI.
Prlcee and yields of government securities (Including eecurltlee leenmd
by yederel agenciee)
Over-the-counter cloelng quotations and price history for public
marketable eecurltlee issued by the U. S. Government and by Federal
agencies, as of the 15th of the month of publication
Chart shoving yields of Individual issues of Treasury bonds and notes,
as of the 15th of the month of publication
38-M0 39-1*1 38-1*0
1*1
1*2
1*1
27
Hev yield average for long-term taxable Treasury bonds
Sources and uses of funds*
fiscal year to date
••••••.
/Torn inception of organisation
ZK
27
27-28 22-23 25-26
1*2-1*3
25-26 26-27 27-28 19-20 19-20 21-26
1*2-1*3 1*3-1*1*
2b
31-32
37-3*
31-32
31-32
39-1*0
1*0-Ul
37-38
1*5-1*6
1*6-1*7
1*5-1*6
••...••.•••••••••••••••*
1*7-1*8
1*7-1*8
39-Uo
1*2-1*3 1*1-1*2
1*9-50 50-51 1*9-50 1*1-1*2
WW-W5
1*3-1*1*
33-3H 33-3* 59-Uo 33-3» 27-28 30-31
35-36 35-36 tl-W2 35-36 29-30 32-33
Amount of obligations outstanding guaranteed by the United States,
by agencies.
51
52
51
3
U6
15
37
37
"3
37
31
3*
finanolng operations in securities guaranteed by the United States,
beginning vith I93W
51
52
51
13
1*6
15
37
37
<*3
37
31
31
22-23
53
52
V*
17
1*6
38
3«
WW
3*
32
35
Maturity schedule of securities guaranteed by the United Statss, as ef
••••••«••••••
month end preceding month ef publication....
Internal revenue statistics
Collections of internal revmmnei
•
Summary data.
Comparative details for current perlode
53-5>»
•
•
55
55-56 5v-55
56
57
1*6-1*7 1*9-50 1*8-1*9
1*8
51
Study of individual Income tax returns concerning differences betveen
stats of roeidanee and state of filing, 1936 returns
IX.
?9
governmental corporations mad credit agencies of the United States
Assets and liabilities and proprietary interest!
Tebruary 28, 19WI
March 31, I9UI
April 30, 19 U 1
May 31, 19U1
June 30, 19U1
July 31, I9WI
August 31, 191*1
September 30, 19W1
Ootober 31, I9U1
fovembor 30, 19W1
December 31, 19WI.
January 31, 191*2..
TIZI.
27
29
25
Average yields of long-term Treasury bonds and high-grade corporate bondel
Tor 13 months preceding month of publication....
•
Beginning vith January 1933
Beginning vith January 193*
TH.
28
50
1*0-1*1 1(0-1*1
W6-W7 W1-W2 35-36 3*-39
3>»
W8
Wo
37
>»2
1*2
1*1*
WW
50
WW
3*
Wl
1*1*
WW
15
50
51
WW
15
3«
39
W2
W6-W7 52-53 W6-W7 wo-wi
W3
51-55
Oustome statistics
values of dutiable and taxable Imports, by tariff sohsdules
50
Customs duties and taxes oolleotedi
By tariff eohedules
By countries from which Imports orlglnatsd
50
51
Commodities Imported under quote previsions, quota years to date.
(
53
57
57
5«
"•5
57-59 59-61 58-60 52-51 55-57 59-61
1*6-1*7
Continued on following pag*)
Wl
Bulletin of the Treasury Department, March 1942
Cumulative Table of Contents - (Continued)
Issue and page number
19U1
191+a
Max.
X.
Feb.
Jam
Dec.
Hot.
Oct.
Sept.
lug.
July
June
May
Apr
Capital movements between the United States and foreign countries
Summary tables for the calendar year 19Ul
61-62
Cumulative summary for period beginning 1935*
Net capital movement between the United States and foreign oonntrles.
63-6U 63-6U 62-63 56-57 59-60 63-6U 50-51 1*9-50 55-56 1*9-50
Details for recent weeks:
Short-term foreign liabilities and assets*.
.•..••.••.••••••
Foreign security transactions
••••••••••.•••••••••••
Foreign balances In brokerage accounts
•••••••
Security transactions in Joint foreign arbitrage accounts
Foreign transactions In domestic securities.*.. •••••. ••••••
Foreign exchange transactions
Het position in foreign currencies
•
65-68 65-68 6i*-67
69-70 69-70 68-69
69
70
70
71
71
70
72-73 72-73 71-72
7U-75 7>W5 73-7 *
75
75
Revisions in statistics on capital movements.
1
58-61 61-61* 65-68
62-63 65-66 69-70
6'
66
70
67
71
65-66 68-69 72-73
67-68 70-71 7>*-75
66
71
75.
s
52-55 51-51* 57-60 51-5U 1*5-1*8 !*7-50
56-57 55-56 61-62 55-56 1*9-50 51-52
62
56
50
52
56
57
63
51
57
57
5>t-55
6U-65
59-60 58-59
52-53
61-62 60-61 66-67
5"»-55 56-57
61
62
61
67
57
55
,
S
its
1*9-50
72
••
1*3-1*1* 1*5-1*6
51
n.
Gold and silver statlstlos
Sold assets and liabilities of the Treasury
77
77
76
Net movement of gold to and from the United States
Increment from reduction in weight of gold dollar, cumulative tei
Kerch 31. 191*1
October 31, 191*1
Treasury gold receipts, for recent quarterly periods
Monetary stooks of gold and silver
Components of silver monetary stook
•
•••••••••
59
7>*
59
59
7>*
65
59
76
77
77-78 77-78 76-77 71-72 75-76 78-79 65-66 6U-65 70-71 6U-65 58-59 60-61
61
66
71
65
65
72
76
59
79
79
79
7*
Silver of specified classifications acquired by mints and assay offloes.
79
79
78
72
76
79
66
65
71
65
59
61
Seigniorage on silver, by types
80
80
79
73
77
HO
67
66
72
66
60
62
Silver production, by countries
80
80
79
73
77
SO
67
66
72
66
60
62
71*
78
61
6s
67
73
67
61
63
Net movement of silver to and from the United State*
PI.
7>*
Other Treasury statlstlos
Balance sheet of the Exchange Stabilisation Fund:
December 31, I9U0
March 31, 19U1
June 30, 19>*1
September 30, 19>*1
1-2
75-76
83-84
.Estimated amount of all Interest-bearing Governmental securities
outstanding as of June 30. 19 *!
1
Tessels cleared from the United States direct for foreign ports]
By nationality
•
By ports from which cleared
Treasury Department criminal cases in the United States District Courts,
for reoent months
Note:
S
82
83
82
87
neoesearlly add to
In tables In whloh It In lndloated that the figures are rounded to a given unit, the details will not
the totals shown.
SUMMARY
OF
FISCAL
-l-
STATISTICS
.
Budget Receipts and Expenditures
(In millions of dollars)
First S months,
fiscal years 19"0 to 19"2
Complete fiscal years, 1938 to 19"3
Change
Estimated 1/
19U0
19UI
19"2
Change
19"l
to
1938
1939
19U0
19U1
19"2
I9U3
Actual
I9U0 to
actual
19U1
19"2
Actual
19U1 to
estimated
19"2 1/
Becelpts:
Internal revenue:
Income and profits taxes 2/
Employment taxes
••••
Miscellaneous Internal revenue ^/
Customs
Other receipts
Total r ecelpte
•
Less amounts transferred to Federal
Old-Age and Survivors Insurance
Trust fund }+/.....
•»••••««•..
Net receipts
•
•
908
1,208
2.2UO
1,032
2.6"0
2.189
2.125
3."70
7.1"7
11,316
+1.3"5
+3.677
598
65U
83U
180
755
7UO
833
925
1,189
1.739
+26"
1.598
1.931
2.610
679
2.279
2,232
2.3"5
2.967
3.863
4,207
239
223
267
+hU
319
3U9
392
368
297
160
265
179
.86
359
208
+92
+622
+h 3
188
273
515
2U9
294
+2"2
-266
3.503
",281
6.130
+1.8U9
6,2"2
5.668
5.925
8,269
12,816
17.852
2.3""
+h l5U 7
268
"75
629
15I*
387
503
538
661
872
1.365
+123
+ai
3.235
3,806
5.502
1.696
5.855
5.165
5.387
7.607
11,9""
l6."S7
+2.220
+".337
WW
1*32
1*90
667
3.636
11,622
18,619
+2.969
+7,986
596
673
891
2.266
5.77"
6.8"9
+1.375
+3.508
21
3.500
7.500
+896
-2U
Expenditures: %/
National defense: 6/
War
uio
1,613
6.
Navy
5"0
1,227
3.593
".827
2,366
1.688
+1,688
Defense aid (Lend-lease)
+2,723
595
6
+21
603
-212
+26
978
-622
322
638
7"1
+75
50
1.37"
955
565
-198
-"19
283
257
155
9"1
i.oUi
.m
1.250
789
866
8"!
97"
8,707
8.998
12.711
3.5"2
3.6ll
5.103
750
1,01"
2,920
12.551
9,631
370
368
369
+1
582
557
557
563
58"
686
5"3
"70
-73
80"
1.000
950
738
76"
1.097
717
862
1"5
85"
1,228
1.559
1.259
369
"29
"79
+50
"82
"5"
513
588
1,023
937
687
-250
l."72
2,2"0
1.572
U
2
1
Civilian Conservation Corps
192
175
127
-"8
326
290
Intereet on the public debt
512
536
569
33
926
Other 13/
598
702
626
-76
759
7.239
1.38"
Veterans
'
Administration 8/
Public Works
9_/
Aid to agriculture 10/
Social Security program
+3. "79
+17.696
829
1.029
V
+it,6""
79
Total national defense.
y
279
6"
Miscellaneous national defense.
a
V.
99
378
3.101
1.206
1.657
6,301
23.997
93711/
19.819
52.786
Direct and work relief:
Work Projects Administration and
National Youth Administration
federal Emergency Belief Administration
and Civil Works Administration
Total expenditures 5/
5,860
7.327
16.739
9, "12
Net budget deficit 5/
2,626
3,521
11,238
7.717
Source:
1/
2/
y
Dally Treasury Statements, except as noted.
Estimates of 19 u 3 Budget.
Includes unjust enrichment tax.
Includes chiefly alcoholic beverage taxes, tobacco taxes, manufacturers and retailers' excise taxes, and estate taxes,
for explanations, see tables In next chapter on Social Security
program.
Excludes public debt retirements.
national defense expenditures for complete fiscal yearB beginning
with 19^1, and for first S months of fiscal years beginning with
19*42 are on the basis of 19U3 Budget classifications; otherwise,
they are on the basts of Dally Treasury Statement classifications.
These figures include supplemental Items of estimated expenditures
for national defense; for the fiscal year 13^, $1 billion and for
the fiscal year 19U3, $17 billions.
Includes expenditures classified as transfers to trust accounts,
etc., for the Adjusted Service Certificate Fund.
2?
10/
1
5/
5/
8/
11/
12/
13/
lU /
-1
-26
-102
1.750
+70
139
911
-25
+133
30.576
58.928
+3.713
+17.865
18. 632
U2.UU11U/ +1,1492
+13.529
12/
Includes Public Works transactions classified as Revolving funds
(net).
Includes Aid to agriculture transactions classified as Revolving
Funds (net), expenditures of the Department of Agriculture
classified as Departmental in the Dally Treasury Statement, and
Surplus Marketing Administration transactions classified as transfers to trust accounts, etc.
Represents gross expenditures of $.1,252 millions less repayments
of U. S. investments In capital funds aggregating $315 millions.
Estimate Included with that given for Work Projects Administration
and Rational Touth Administration.
Includes departmental expenditures except for Department of
Agriculture; and expenditures classified as transfers to trust
accounts, etc., for Oovernment employee retirement and Insurance
funds.
Receipts from proposed tax legislation estimated at $7 billions
would reduce this excess of expenditures to $35,UUl millions.
Public Debt Outstanding
(In million, of dollars)
RECEIPTS
EXPENDITURES
AND
k-
.
.
Budget Receipts and Expenditures
Table 1.- Summary by Major Classifications
(la millions of dollar*)
Expenditures 1/
R«celpti
Orose receipt!
Fiscal year
or Booth
Total
receipt!
Internal
revenue
2/
u,n6
5. a? 1*
"•.597
go
6.2*12
5.67U
5.161
5.303
7.362
359
319
3U9
392
5.668
5.925
8.26?
19l*l-Fsnruary.
1/
1.&0U
2.6U1
3.278
3.513
2.080
3.116
3,800
1933193U.
19351936.
1937.
1938.
193919S0.
19»l.
Customs
67"»
251
502
1.513
March
1.567
April.
Mmy...
June..
602
5U1
1.277
U56
55*
1.136
1.077
3l
1*89
"•31
3>*
730
683
1.159
30
33
555
879
35
July
August....
September.
October..
lo-Teaber.
Deoeaber..
1.21 1»
l^Uj-January...
fehrunry..
6ll*
937
1.23.1
U9
Ul
3«
uoo
37
62
?
US3
501
27
Lees net amounts
transferred to
Federal Old-A^e
Total
Set
Other
and Survivors
receipts expend! turee
receipts Insurance Trust
fond kf
225
General
5/
Rational
defense
£/
Transfers
Bet
Revolving to trust
deficit
funds
accounts
(n.t)
1/
etc.
2/
1/
Public
debt
retirements
2/
...
.
.
Budget Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(la pillions of dollars)
fiscal year
or aonth
Veterans
Administration
Total
Public
Works
1/
1/
1933
193 s*
1935
1936
1937
1938
1939
1*2
5U9
679
685
803
670
900
890
715
7.226
7.061
6.221
763
507
557
578
581
582
557
557
553
March
U62
627
8
April.
May...
June.
522
3«9
70S
July
August ....
September.
W62
383
539
October.
November..
December.
1188
Ug
1*03
1*6
686
U6
58
.
1*87
1*6
55
february.
U19
>*5
l*l»
2.98?
k.sik
5.905
5.9>*l
6.UU2
5.869
19W
19>*1
191*l-February.
.
191*2- January.
Source:
Hots:
111 to
agriculture
11
336
1.513
1.831
m
1*95
1*86
-1
357
1.37"*
386
326
290
283
257
30
37
116
131
18
22
21
150
51
53
a
36
18
121
121
110
:8
3»7
392
457
1.26U
1.696
1.UT2
2.240
1.572
3 5
?
.0062/
1*2
85
1*7
U7
>*5
51
II
U6
60
1*6
P
61
78
52
66
lU
Other
Intereet
Other
general
on the
depart- expendipublic
mental jj tures
debt
8/
689
757
821
749
866
926
9*H
l.oUl
1,111
29
18U
U6
68
51
Civilian
Conservation
Corps
"129
930
966
988
866
109
118
U6
Direct and work relief
Work Projects
Federal Emergency
Administration and Belief Administration
National Touth
and Civil Worka
Administration 5/
Administration 6/
102
1*9
UT
Social
Security
program
i*U
3"*
71
57
41
3"
134
12U
56
2
1
19
20
106
82
86
61
104
137
i*
21
19
18
17
78
11*
94
15
76
12
12
38
Dally Treasury Statements.
This table has been revised In accordance with a change In the
classifications used for national defense in Table 1*.
Includes public works undertaken by the Veterans' Administration.
Additional expenditures Included In Table 5, transfers to trust
account, etc., for the Adjusted Sex-rice Certificate fund.
Includes public buildings, public highways (including forest roads
and trails), river and harbor work and flood control, Tennessee
Valley Authority. U. S. Housing Authority, Reclamation projects
Excludes certain expendiand the Public Works Administration.
tures for public works In connection with national defense activlties by the federal Works Agency, beginning July 191*1, which are
included In Table U. Additional transactions are Included under
Revolving funds, Table 5.
Comprises Agricultural Adjustment program, Commodity Credit Corporation, Tarn Credit Administration, federal farm Mortgage Corporation, federal land banks, farm Security Administration, farm
Tenant Act, Rural Electrification Administration, and Department
of Agriculture departmental expenditure!. Additional transactions
are Included under Revolving funds, Table 5*
kj
5.
6/
3
424
510
1*81
517
5>*6
525
73
12
56
339
52
25
9
169
1*1
75
15
232
1*8
32
12
U9
s
Ul*
54
51
285
51"
287
26U
228
205
196
233
222
25
18
3"
19
29
23
17
11
17
11
lU
27
18
Includes railroad retirement and railroad unemployment activities,
for further details, see tables which follow on the Social Security
program.
Work Projects Administration was formerly Works Progress Administration.
Includes expenditures of the Reconstruction finance Corporation for
relief through loans and grants to States, municipal It lee etc.
Excludes expenditures for the U. S. Maritime Commission, departmental
expenditures under the Social Security program and the Department of
Agriculture departmental expenditures.
Includes expenditures for the following: Office of Education, and
Public Health Service of the federal Security Agency; refunds of
taxes and duties by the Treasury Department; Post Office Department
postal deficiencies; the Panama Canal; federal Housing Administration; District of Columbia (United States share)
and Treasury
Department Investments In federal savings and loan associations.
Also Includes expenditures for capital stock of the federal Deposit
Insurance Corporation, Home Owners' Loan Corporation, federal home
loan banks, and Disaster Loan Corporation.
Gross expenditures have bsen reduced $160 millions representing the
repayments of capital funds by certain governmental agencies.
,
Jj
gy
;
2/
Table 4.- Analysis of National Defense Expenditures-*/
(In millions of dollars)
Miscellaneous national defenss
fiscal yaer
or month
Defenss
aid
Depart- (Lendment
lease)
Havy
War
Total
Department
1933
193 *
1935
680
302
1936,
900
929
Hatlonal
Selective
United States
War
Other
Total mis- federal
Service
Shipping
cellaneous Security federal
defense
Maritime
national
•forks
funds for
(administraCommission Adminisdefense exAgenoy
national
Agenoy
tration penditures 3_/
defenss
the President tive expenses)
2/
y
2*>3
1
1937
1938
1939
,029
,206
.657
.301
19W
19U1
191*1-
273
383
378
1*32
1*90
667
3,636
350
297
436
529
557
596
673
891
2.266
29
-10
-21
-12
-6
1
21
V*
99
378
february.
March....
584
110
748
544
172
185
April....
K*7
June
7«3
837
812
§6
220
338
7
507
21*7
15
July
August ....
September.
966
129
327
508
579
700
421
$
381*
lUO
¥*9
U51
,847
786
70U
976
1,088
1.099
192
198
2 56
121
368
432
126
lUO
Oct bsr
.
.
November.
December.
1942-January.
February..
.
,101
,201
1*
.
*>3
78
1*91*
518
531
108
8
20
59
102
107
9*>
1*2
.
.
.
.
.
Budget Receipts and Expenditures - (Continued)
Table 5.- Analysis of Expenditures for (1) Revolving Funds and (2) Transfers to Trust Accounts, Etc
(In Billions of dollars)
Transfers to trust accounts, etc.
Revolving funds (net) 1/
Fiscal year
or month
Aid to
agriculture
2/
7H
1933193*.
19351936.
1937.
1938.
1939.
19U0.
19*1.
16
t.
11
204
121
92
54
136
19Ul-7ebruary.
March
July
August ....
September.
October. .
November.
December-
19U2-January...
February
.
346
l4l
-33
-18
-13
-8
-6
-159 6/
1U9
2*
UU
221
13t
101
59
23
1
1
2
2
3
3
2
Social
Security
program $]
21
21
21
l.SlU
603
220
182
226
325
.773
557
Ul
*7
146
107
121
132
28
12
10
169
14
-2
"12
-1
9
§/
18
91
9
13
10
10
12
10
50
103
s
6
32
ik
10
9
32
10
9
5/
93
10
6
"5
10
73
75
87
20
29
23
15
-1
-2
Dally Treasury Statements.
Less than $500,000.
Additional transactions on Aid to agriculture and Public
works ere shown in Table 3>
farm Credit Administration.
Public Vorks Administration.
Administered by the Veterans' Administration.
QoTsrnaent
Surplus Marketing
employees'
Administration
retirement
commodity
(surplus
funds
stamps)
(U. S. share)
100
50
50
3
-1
2
Service
Oerti floats
Tund kj
121
71
71
2
-100
2
15
-1
Adjusted
Total
2/
7>*
1
2
-97
-1
April.
Hay...
June.
Public
workB
9
Includes railroad retirement and railroad unemployment activities. Tor further explanations see tables which follow on
Social Security program.
Reflects reduction of expenditures through recoveries of Investments Id capital funds of Governmental agencies aggregating $155 millions.
Table 6.- Totals by Months, Beginning with 1033
(In millions of dollars)
.
BUDGET RECEIPTS AND EXPENDITURES
1938
1937
1940
1939
1942
1941
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
30
30
Net Budget Deficit
Negative figures represent Net Budget Surplus
,
J
M M
J
1937
S
N
I
I
J
M
M
J
1938
8
N
,
J
i
i
I*
i
i
M
i
I
J
1939
S
N
J
i
i
i
M M
i
J
1940
i
i
S
i
i
N
i
I
i
J
i
i
M
i
l
N\
I
I
J
1941
I
I
S
1
I
N
I
I
I
J
I
I
I
I
M M
I
I
J
l
I
S
I
I
N
1
1
-
5
.
.
.
.
.
.
Receipts and Expenditures for Trust Accounts, Increment on Gold, Etc.
Table I.- Trust Funds
(In Billion* of dollars)
fiscal year
or aonth
Total
trust funds,
net receipts (+)
or net expenditures (-)
federal Old-Age and
Survivors Insurance
Trust fund
Set
Receipts
Unemployment
Trust Fund
Expenditures
Receipts
Railroad
Retirement account
Expenditures
Receipts
Other
trust accounts 1/
Expenditures
Receipts
let
-5
+24
1933
1934
1935
1936
1937
1938
64
34
19
64
3U
29
37
1
+1
3
37
+10
267
402
530
580
717
136
132
132
-156
-166
+11
1939
1940
1941
194l-T»b ruary.
March
April....
Hay
June
July
august
September
.
•
October.
Ho venter.
December.
1942-January..
February.
Source:
•
1/
4l
+136
-l«5
267
4oi
1
-7
1>»9
i
-3
2
69
167
56
2Ul
51
43
157
-3
-2
203
-7
-5
45
-196
-202
1
47
*?
44
166
-207
2
-2
-2
209
37
37
179
44
+135
5
291*
751
837
957
1.118
28
-186
159
+1«7
1.U4
146
41
172
294
763
838
95?
-It
2
167
160
-189
+12
+1
+1
529
577
707
82
176
21
-1
2
+2
-2
11
156
27
10
75
167
49
-2
-9
89
171
24
+2
-4
+1
T»
*??
60
189
55
-e
+12
75
203
83
191
•
+20
J*
l4g
109
123
127
146
107
125
116
+35
+20
20
10
10
1
8
10
24
280
233
301
2.053
856
323
31*9
331
*
18
27
17
20
35
22
68
10
9
+3
38
*
•
-2
s
4b
'.Vi
+1
u
•
+1
79
1
389
126
19
6
127
20
28
7
31
23
18
27
18
28
22
28
•
+12
31
285
210
237
2.020
838
327
325
366
U09
2
2
Expenditures
1
-1
•
21
15
23
Dally Treasury Statements.
Less than $500,000.
Includes OoTernment Insurance and retirement funds, etc.
Table 2.- Other Funds
(In millions of dollars)
Transactions In cheeking accounts
of OoT&rnment agencies, etc.
fiscal year
or month
Total all
transactions
-818
-73*
+637
19331934.
1935.
1936.
1937.
1938.
1939.
1940.
19U1,
108
+314
204
768
+34
-217
19Ul-Tebmary.
March
"3
36I
April.
May...
June.
-4ii
-go
Issuance
of obligations 1/
Other
transactions
Seigniorage on sllrer
Increment on gold
let
gll
-111
-403
-99
-51
-5
Receipts
Expenditures
2.811
2
2,000
1
4o4
101
52
2
1
5
Receipts
+l4o
+176
+4o
+90
90
49
20
1
1
1
1
2
July
August ....
September.
!&
+2
+2
-93
+2
October.
lorember.
December.
-272
-659
-140
+1
194 2- January .
February.
-681
-35
.
.
2
1
1
+1
140
176
40
90
Miscellaneous funds
and accounts 2/
Expenditures
Receipts
2
16
11
Zxpendi'
tures
.
.
.
,
10
Means of Financing Cash Requirements
(la Billions of dollars)
Amount required to be
Fiscal yoar
or aoata
Total
amount
roqulrod
to b*
financed
lot
budget
defiolt
Meane of financing
f lnanoed
lot
Increase
la General
Tuna
1/
lot
expenditure)
In treat
aeeouati
Increment
on gold.
otc. 2/
ot
Total
amount
financed
Inoreoee
la
publlo
debt
lot
docroaoo
In General
Tand
balance
receipt*
In trust
account!,
increment
on gold,
otc. 2/
3.052
3.052
*.6l6
*.5l*
3.209
3.209
1,9*8
5.390
*.550
5.390
5.078
1937-
3.1>»9
3.1*9
3.1*9
2.6*6
128
37*
1938-
1,3*
1.38*
7*0
338
306
1939-
1.3&*
U.16U
*,l6*
3.275
19*0.
3,Sll
3.611
3,611
2.528
19*1.
5.99*
5.103
5.99*
5.99*
1933-
3.052
1.78*
W*5
193*-
U.616
2.896
1.720
1935-
3.209
1936.
19l»l-»ebruary.
March
537
1.083
3.5*2
April.
750
750
May...
l.OU
7*7
Juno.
1.2*1
252
1,185
1.185
1,1)08
1.133
September.
1.033
739
October
July
August.
..
2,238
1.637
November.
1,778
1.29*
December.
2.89<
1.329
19>t2-January..
2.683
2,050
February.
2,*S2
1,871
Source:
1/
2/
£j
.
622
101
7*1
890
9*7
1*8
3
537
213
l.Olfc
236
1.083
1.083
750
58
290
26U
1.011
U90
521
259
1,2*1
1.2*1
729
27*
376
1.2*1
612
1.185
551
2
1.108
1.N08
293
1.033
*25
225
2.238
2.238
1.778
l.*56
328
2.898
2,898
«33
2.683
2.073
2.US2
2.369
821
312
7*a
53*
-167 3/
823
136
32*
3*
h03
599
607
322
610
11U
Dally Treasury Statements.
Excludes public debt retirements.
Comprises trust accounts, checking accounts of Government agencies, etc., Increaent on gold, seigniorage on silver, and miscellaneous
Increaent on gold excludes expenditures for national bank note retirements.
funds ""d accounts.
Het budget surplus.
7 U
U
..
..
U
u
Uu U
,
11
Social Security Program
Section I.- Budget Receipts and Expenditures
Table 1.- Social Security Act
(In millions of dollars)
Receipts
Gross recelpt3
Social Security taxes
Fiscal year
or month
Total
Federal Insurance
Contributions Act
(Old-age insurance)
Federal Unemployment
Tax Act
(Unemployment Insurance)
252.2
60U.U
631.2
712.2
788.2
19^.3
19Ul-February.
March
187.9
3-5
i3U.it
53-5
132.3
5
55-6
3-0
37-0
1U7.5
1.1
9.6
3.0
2.6
•
9
•
2.U
39.2"
7.5
it.l
1U9.7
3.3
July
August
September.
U7.0
167.0
U.3
UU.g
159-5
3-t
2.2
7.5
October.
November.
December.
U7.B
175-3
5-6
U5.7
168.5
U.3
2.2
6.8
1.3
lU2-January.
February.
51-3
252-7
38.6
181.
12.7
71.3
179-3
.
1
265.0
387.0
503.0
537.7
661.3
-12.8
530.U
60U.7
690.6
57.8
90.1
100.9
107.5
97.7
SI"*.**
>a.
157-1
.
Net
receipts
D
i/
1936
1937
1938
1939
19U0
19U1
April
May
June
Less amounts credited to
Federal Old-Age and
Survivors Insurance
Trust Fund 3_/
.8
.9
217.
128.2
17U.5
126.9
U2.6
157-3
1.2
U.U
9-7
lt3-5
U.U
166.2
2.1
9-1
3-5
3-1
1U.9
36.
73.
Expenditures
Grants to States
Fiscal year
or month
Total
Old-age
Aid to
assist- dependent
ance
children
28.U
182.7
332.5
3*3.3
38U.2
UU9.U
15.8
20.0
21.3
25.3
31.5
19Ul-February..
March
29.8
36.U
April
May
June
July
August
1936
1937
1938
1939
19U0
19U1
September.
October.
November.
December.
.
19U2- January...
February..
Source:
1/
2/
y
.6
Public
Health
Service
Social Security Board
Administrative
expenses
27.8
166.9
271.5
320.3
356.5
19.7
UnemployAid to ment compensation
the
adminisblind
tration
2.0
1U.3
25.5
31.0
1.0
U.6
5.2
5.3
6.2
7.1
.9
Public
health
work
2.U
7.8
8.9
8.0
1115.2
12U.8
182.2
208.8
227.6
260.1
U5.U
63.2
2.U
2.7
27.2
33-5
18.7
27.6
U.5
U.5
.U
U9.U
3U.9
16.9
2.6
2.6
2.6
U6.5
32.0
1U.0
22.
6.1
6.9
2.0
.7
.6
1?
2.9
21.9
10.6
1
.1
.1
1
•
59.9
U3.1
33-1
2.8
2.6
2.7
u
300
33-U
26.0
20.2
6.9
7.9
U.U
55-8
2.5
30.1
27.1
2U.8
28.0
23.0
7.0
33-t
2.6
53.1
37.6
30.6
55.8
37.1
2.8
2.6
52.8
3U.1
1*0.
11
•
u
5.5
2.6
1.0
11.2
1.2
.8
.6
1.3
10.7
U.l
U/
1
V
6/
Services
Child
for
welfare
crippled services
children
Refunds
of
taxes
Ul.O 6/
1.8
2.5
2.6
9
.2
.1
.2
-25.8
33-1
3
.1
.2
55-5
•
3
33-1*
.U
.3
.1
.6
.7
.U
•3
.1
.1
•
3
•3
•
3
•9
.1
2.1
2.7
195.5
115.1
215.1
209.7
322.5
UU.7
25-3
13.9
1.0
.1
.7
.1
Excess
of
expenditures 5_7
28.
.2
1.0
l.U
1.5
1.5
1.5
•
13.1
3-9
U.l
7.9
1.0
3.1
3.8
9>
9
.8
.U
5.6
health
services
•
•
.7
.u
Maternal
and child
10.8
7
3. It
Daily Treasury Statements.
Less than $50,000.
Formerly Title Till of the Social Security Act.
Formerly Title IX of the Social Security Act. Includes
amounts equal to appropriations to Railroad Unemployment Insurance Administration Fund equivalent to amounts of taxes
collected with respect to the period from January 193& to
June 1939, inclusive, from employers subject to the Railroad Unemployment Insurance Act (See Table 3 of Section I).
Prior to January 1, 19 *0, figures represent amounts transFrom January 1 to
ferred to the Old -Age Reserve Account.
July 1, V$HO "transfers" were made to the Federal Old-Age
Subsequently receipts
and Survivors Insurance Trust Fund.
have been deposited in the General Fund of the Treasury
and "appropriated" directly to the Federal Old-Age and
Amounts shown as transSurvivors Insurance Trust Fund.
fers reflect deductions made for reimbursement to the
(General Fund account to cover administrative expensee,
which are shown as expenditures In Section II, Table I.
9.1
U1.9
58.9
58.3
63.0
Department of Labor
.2
30.0
.2
51.U
31.3
29-9
3
.2
•
.2
3
U0.9
-36.U
Includes only expenditures from appropriations made specifically for administrative expenses relating to the Social
Security Act; namely, Social Security Board, Department of
Commerce, and Department of Labor; and administrative expenses
reimbursed to the Oeneral Fund of the Treasury under Section
201 (f) of the Social Security Act, as amended.
Beginning
July 1, 19 u 0, includes also administrative expenses under the
Wagner-Peyser Act. Excludes administrative expenses payable
from other appropriations, principally for the following
Bureau of Internal Revenue of the Treasury Departagencies!
ment, and Public Health Service and Office of Education of
the Federal Security Agency.
Covered by appropriations by Congress.
Second Deficiency Appropriation Act, fiscal year 19 3S
approved June 25, 1938, carried an appropriation of
lUo^^l.SSS.^ for making refund to certain States of portions
of Federal employers' tax for 1936 collected under the Social
Security Act.
a
7
. .
.
.
.
..
.
.
12
Social Security Program
-
(Continued*
Section I,- Budget Receipts and Expenditures
-
(Continued*
Table 2.- Railroad Retirement Act
(Id millions of dollars)
Expenditures
Receipts
Pineal year
or month
1936
1937..
Transfers to
Railroad Retirement
Account (truBt account)
Refunds
Excess of
expenditure
of
taxes
2/
.3
Ws
••
1939..
191*0
191*1
19^1 -February,
tarcc...
April.
Hay...
."una.
•3
1
150.1
109.3
121.0
135.9
1U9
no
123
128.-2
121+.U
2.3
-8.7
14.8
-18.7
107.1
ISO.
.7
20.0
10.0
l.»
8.0
26.1
8.8
.4
3.1*
.6
•7
.6
-7.1*
.7
-25.U
U6.9
31.1
October..
Do camber .
1.1
5-2
33-9
19^2- Janaar? ..
February.
1:1
.8
•
5
32.2
•5
.8
•5
U6.U
7
31.5
•
7.3
W.o
-1*.8
-30.6
31.1
.8
.8
.8
.5
32.0
Bftily Trot-sur?
1H6.1*
.3
September.
Source:
2.6
2.9
2.6
3.8
.2
5 :2
.
3
20.2
10.3
Augttat....
oromber
•
1.2
-1.1
5.*
2°.0
Jtaly
j
Administrative
expenses
Carriers' Taxing
Act of 1937
-33.1
Statemanta s
\j
teas than $50,000.
2/
30.7
-3.5
31.5
5
.7
•
.7
Includes only expenditures from appropriations made
specifically for administrative expenses relating to
the Railroad Betlrement Act.
Covered by appropriations from the General Fund of
the Treasury.
TabJe 3.- Railroad Unemployment Insurance Act!7
(In millions of dollars)
Expenditures
Receipts
seal year
or month
Yi
:1935.
11937.
1938.
1
Pall rood unemployment
Insurance contributions 2/
Administrative expenses
(Railroad Unemployment
Insurance Administration Fund) 3_/
Transfers to Railroad
Unemployment Insurance
Account Unemployment
Trust Fund U/
Excess of
expenditures
i
2/
i
.5
•
5
1940.
19*1.
6.8
.5
5.0
10.9
19U1- febnaary.
March
.1
.1*
.U
1-7
•3
3
-J
•
.2
.1
.1*
.2
.U
.2
•3
April*.
May
.
1.6
July
A...-;
lS)t
.1
1.8
October..
oresbeTa
December..
!
Total
191*2- -Jauuery.
February.
K
.1
1.9
.1
5.0
3->*
7.5
U.l
-1.3
3
.3
ll.l
.2
.3
.2
.3
.2
-1.6
.2
.2
.2
.2
.2
-1.7
.2
.2
3
.3
•
.2
•
Sally Treasury Ste. tenant a.
Leas than $50,000.
Operated ae Railroad Unemployment Insurance Administration fund.
Represents 104& of contribution*- under the Bailroad Unemployment
Insurance Act; the reaainin^ 90$ is deposited in the Railroad
Unemployment Insurance Account, Unemployment Trust Tund (See
Section II, Table 3). Xxclude? amounts appropriated to Railroad
usieoployiioat Insurance Administration Tund equivalent to amounts
of taxes collected with respect to the period from January 1936
to June 1939, Inclusive, from employers subject to the Railroad
Unemployment Insurance Act, ae follows (in millions): Calendar
year 1936 - 12.7. 1957 - $5.3. 1938 - *6.S, and for the first
six months of the calendar year 1939 - $2.9, aggregating $17.7T>ese amounts ara Included in Table 1 under federal Unemployment
Tax Act (unemploywent insurance).
3/
j*/
3-9
Includes only expenditures from appropriations made
specifically for administrative expenses relating to
the Railroad Unemployment Insurance Act.
Represents excess funds of the Railroad Unemployment
Insurance Administration fund (under Act of Oct. 10,
19>*0).
5_/
Covered by appropriations by Congress.
ll.l
.2
.2
.1
.2
.2
U
8
9
5
13
Social Security Program
-
(Continued)
Section II.- Statements of Trust Accounts
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi/
(Cumulative from organization - In million, of dollar.)
Salance
Expenditures
Receipt.
Unexpended balance
Kid of fl.oal
year or month
Total
receipt.
1936.
1937.
1938.
1939.
Appropriations
by
Congress
Inter.it
on
Investments
267.3
782.7
1.199.6
1.792.1
2.536.2
265.O
765.0
1.155.0
1.705.0
2.393.1
2.3
17.7
1A.6
87.1
1U3.1
19Ul-0ctober..
Jovember.
December.
2.789.8
1U3-3
2.962.9
2.6U6.5
2.815.0
2.619.3
191*2 -January..
3.001.7
3.183-3
2.857-9
3.039.3
19ltO.
19U1.
2,958.1*
February.
Source:
*
1/
Total
expenditure.
Old-age
benefit
payment.
5."»
5.»
19-3
35.1
19.3
U7.4
138.6
Belabor, eaent
for
Administrative
erpen.es 2/
Total
267.2
777.2
1,180.3
12.3
39 .1
1.7W.7
99.5
131.2
139.6
"»7.9
50.2
1U3.6
179-1
189-7
201.0
l"*. 7
52. U
2,610.7
2,768.6
2,761-9
1U3.8
212. U
lUlt.O
22U.2
157-9
167.6
5"-5
56.f
2.789-3
2.959.1
Daily Treasury Statements.
Less than (50,000.
Includes transactions effected under the predecessor
Old -Age Reserve Account.
2.397.6
Investment.
la
In
General
fund
267.1
662.3
1.177-2
1.738.1
2.380.6
disbursing
officer's
account
.1
.1
113.0
1.9
3.0
6.1
10.8
.1
•
'
5
6.2
2,726.1*
50.6
217-0
9.0
U5.6
2,761.1
180.1*
2,51*6.0
2,536.0
2,736.»
lU.O
15.6
16.5
17.3
17.6
2/ Onder Section 201 (f) of the Social Security Act
amendments of 1939
Table 2.- Railroad Retirement Account
(Cumulative from organisation - In sjUllons of dollar.)
expenditure.
Receipt.
End of fiscal
year or month
Total
receipt.
U6.6
1936
1937
1938
1939
1*6.6
H*7.9
268.
390.8
506.9
191*0
191*1
Appropriations
by Congress
1.1*
26U.
3.6
38i*.
a
U98.5
Total
lt.0
1*2.6
79.8
I85.6
298.7
66.1
82.7
92.1
87.0
1*19.9
U61.5
186.
639-1*
639.1*
1*71.9
1*82.6
176.2
165.7
6U8.1*
639-1*
91
1*93.1
155.
61*8.6
639-1*
9.3
5035
11*5.1
639-1*
191*2- January..
February.
Investments
In
General Fund
8.6
8.7
8.9
6U8.0
6U8.1
6U8.3
Source:
Unexpended balance
Benefit
payments
U6.6
1*6.6
1*6.6
1U6.5
19U1 -October.
Sovember.
December.
.
Interest
on
investments
>*
Daily Treasury Statements.
Less than $50,000.
Table 3.- Unemployment Trust Fund
In disbursing
officer's account
1*6.6
36.6
66.2
67.2
79.1*
7>*.0
.2
13-2
10.8
2.5
6.0
1.6
2.3
8
5
112.0
101.5
90.5
63.1
3
63.1
63.2
E
111.5
101.5
31-7
31.7
12.2
11.9
1*
Cash Income and Outgo of the Treasury, by Major Classifications^
15
CASH INCOME AND OUTGO OF THE TREASURY
1937
1938
1940
1939
1941
1942
"DOLLARS
DOLLARS
Billions
Billions
Cash Income
25
2.5
2.0
2.0
5
1.5
Moving Averaged
1.0
-
y "V-
I
_-- r^; -^_
-^f; -.
l
llllllllllllllllllllll
lUl
il
ii illillil
JMMJSNJMMJSNJMMJSNJMMOSNJMMJSNJMMJSN
il i
il
i
ll
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJSN
3.0
IS
2.0
I
I
5
GENERAL
FUND
OF
-16-
THE
TREASURY
.
y.
. .
17
Assets of the General Fund of the Treasury
(In millions of dollars)
End of fiscal
year or month
Bullion, coin,
and currency
1933
Special deposits
account of sales
of Governmentsecurities
Deposits In
Federal
Reserve Banks
1,103
3.033
2,016
2.936
181*
51
1935
1936
1.0U5
1,011
865
97
118
862
1937
1938
1939
1910
19I1
2.709
2,119
3.087
2,038
2.S12
1,863
827
1,194
871
981
929
1,022
25U
1.02U
19ll-Tebruar
March
1.573
2.885
893
911
April
May
Juna
2.599
2.079
2,812
July
August
September
Other
deposits
and
collections
837
1,851
799
1,150
31
37
55
58
6U9
611
776
805
661
55
52
95
105
3*5
1.2U5
177
118
566
130
992
926
981
910
170
1.02U
550
5"3
661
H7
2,807
3.057
2.U61
,0ll
,086
991
93t
995
526
680
151
833
797
1U7
October
Hovember
December
2.852
2.511
3.816
913
896
919
966
781
9U7
1.756
156
159
175
1912-January
February
3.232
3.867
902
879
391
7I8
1.750
2.05U
188
185
193''
Source:
,
Dally Treasury Statement
ill
998
5»3
A3
111
H3
H3
1
Balance In the General Fund of the Treasury
(In millions of dollars)
2nd of fiscal
year or month
Total
assets
Total
liabilities
Seigniorage
on silver
Increment
on gold
862
2.582
1.811
2.682
862
1.771
1.001
2.069
110
316
811
700
297
.000
,622
,160
.163
.885
356
116
179
2.553
2, 2l6
2,838
1,891
2.633
172
170
1.701
2.715
957
601
602
113
.970
H3
H3
H3
1.103
3.033
2.016
2.936
210
151
1937.
1938.
1939.
13U0.
2.709
2.119
3.087
2.038
2,812
I56
203
218
19H.
19H -February.
March
1.873
2.885
Analysis of balance In the General fund \J
Working
balance
1933.
193 *.
1935.
1936.
1
Balance
In the
General
fund
251
H7
536
If
5
605
198
117
112
H3
H3
H3
2.599
2.079
2.812
173
175
179
2.125
1,901
2.633
1.679
1.157
1.885
603
601
605
July
August.
September.
2.807
3.057
2.161
208
185
195
2.599
2.873
2.266
1,81s
2.120
1.511
607
610
6u
H3
H3
October.
Hovember.
December.
2.852
3.816
210
225
256
2.611
2.319
3.560
1,885
1,562
2.802
613
611
615
H3
H3
1912 -January.
February.
3.232
3.867
282
305
2.950
3.562
2.191
2,802
616
617
113
113
April.
May...
June.
.
Source:
1/
.
2.5H
113
113
Dally Treasury Statements.
In the fiscal years 1935 «ad 1936, $91 millions and $551 millions, respectively, were transferred from Increment on gold to the
working balance for retirement of national bank notes. In this statement, however, charges for retirement of national bank notes
Inactive gold in
axe reflected directly against increment on gold In the years during which the retirements wsre actually made.
the amount of $1,087 millions for the fiscal year 1937 Is considered as a part of the working balance.
..
.
.
18
Analysis of Change In Balance of General Fund of the Treasury
[in millions of dollars - Net Increase or net decrease (-)]
Total
change in
General
Fund
balance
Change during fiscal
year or month
Working balance
Total
working
General
Public
Trust
and
debt
accounts 2/
special
accounts 2}
accounts 1/
Miscellaneous
funds and
accounts
y
Checking
Seigniorage
accounts of
on
silver
Government
agencies,
gold
<}]
etc.
1933-
1*1*5
1*1*5
-1
784
3.052
-5
-818
1934.
1.7»
908
-2.896
4.514
24
-734
1935-
-71*1
-769 £/
-3.209
1.739 1/
64
637
140
-ill 6/
1936.
81*0
1,067 6/
-4.550
108
176
-1*03 6/
-128
-70
-3.149
5.475 II
2.7t6 1/
34
1937-
19
314
40
-99
1538.
-338
-377
-1.384
792 1/
11
204
90
-51
-5
,
811
1939-
622
537
-3.542
3.280 1/
29
768
90
191*0.
-9U7
-997
-3.611
2.528
37
34
49
7"»2
5.994
37
-217
20
191*1.
722
-5.103
194l-February.
-324
-325
-531*
213
136
-129
1
March....
1,011*
1.013
167
1,083
-156
-69
1
April.
-290
-291
-750
58
36
361
1
May...
-521
-522
-7U7
1*90
136
-411
1
June..
729
727
-252
1.241
-185
-80
2
July
-3 4
-36
-1.185
551
41
534
2
271*
272
-1.133
1.1*08
160
-169
2
-607
-609
-739
1*25
-196
-93
2
October.
376
37U
-1,637
2.238
47
-272
2
November
-322
-323
-1,29"*
1.1*56
172
-659
1
December
1.21*1
I.2U0
-1.329
2,898
-189
-140
1
-610
-611
-2.050
2.073
30
-681
1
612
611
-1.871
2.369
147
-35
1
August.
.
.
September.
19U2- January..
February
Source:
Dally Treasury Statements.
bf
1/
than $500,000.
This Is the net budget deficit.
2/
This represents the Increase In the gross public debt,
•
$554 millions were transferred from Increment on gold to the
working balance for retirement of national bank notes. In
this statement, however, charges for retirement of national
bank notes are reflected directly against increment on gold,
in the years during which the retirements were actually
made.
Inactive gold in the amount of $1,087 millions for
the fiscal year 1937 is considered as a part of the working
balance general and special accounts for the purpose of this
Less,
Includes expenditures
for retirement of public debt,
except as noted,
3/
(See footnote
7_/*)
Includes Federal Old-Age and Survivors Insurance Trust
Fund, Unemployment Trust Fund, Railroad Retirement
Account, Government lneuranoe and retirement funds and
other trust funds,
4/
<2j
Comprises Public Works Administration revolving fund
and special deposits (net). Also Includes Surplus
Marketing Administration commodity food stamp transactions,
Includes expenditures for retirement of national bank
notes.
In the fiscal years I935 and 1936, $91 millions and
table.
7/
Xxpendltures for the retirement of national bank notes from
increment on gold for the fiscal years 1935 to 1939 (as shown
below) are not reflsoted herein, but are refleoted under
increment on gold as follows:
1935 - $91 millions, 1936 •
$397 millions, 1937 - $99 Billions, 193S - $51 millions, and
$5 millions, total
1939
$645 millions. The Increases in
the public debt shown in the table Means of Financing Cash
Requirements for the above flsoal years will not agree for
the reason stated above.
GOVERNMENT
SECURITIES
-19-
OUTSTANDING
20
Statement of the Outstanding Public Debt on June 30, 1941 and February 28, 1942
'In Billions of dollars)
21
\CQ
UJ
Q
O
_i
CD
Q.
o
E
<
UJ
CO
I
co
UJ
q:
Iz
or
uj
o
(/>
UJ
l
Q
UJ
I-
O
o
a.
§
22
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States^
As of February 28, 1942
(In millions of dollars)
Detailed annual aa
roar
and
month
Description of security 2/
.
23
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States 1/
As of February 28, 1942 - (Continued)
(In Billions of dollars)
Detailed annual maturlileo
Tear
and
month
Description of security 2/
1951 -Mar..
Treasury bond
Treasury bond
-
2-3A* Treaeury bond
-
2-3/1**;
June.
June.
Sept.
Dee..
it
Dec.
it
J$
2-1/1**;
Treasury bond
Treasury bond
Treasury bond
fixedmaturity
issues
Dec.
3*J
3/15/52-5U.
5/1/UU-52.
6/15/52-55.
9/15/50-52.
HOLC bond
A Treasury bond
Treasury bond
- 10/15/1*7-52.
Treasury bond
- 12/15/1*9-52.
Treasury bond
Dec.
Dec.
Treasury bond
2-1/2*; Treasury bond
2-1/1** Treasury bond
2-3/l»jt
Dec.
U«;
Treaeury bond
2-1/UJf Treasury bond
Treasury bond
6/I5/53-55.
- 12/15/H9-53- 12/15/51-53.
-
1
-
2-1/1**;
Dec.
2<s
2*;
3*i
Treasury
Treasury
Treasury
Treasury
-
-
Sept.
bond
bond
bond
bond
-
-
-
3.687
2.611
3.1*91*
2.1*31
1,170
9«
1.1*1*9
1.037
3.687
2.611
3/15/55-60.
6/15/52-55.
6/15/53-55.
9/15/51-5512/15/51-55.
1.501
725
755
513
2.611
3-3/U*; Treasury
2-1/2* Treasury
2-1/U*; Treasury
2-3/U)» Treasury
681
1.02U
1.627
Total
1956-Ker..
Mar..
June.
2.90U
,118
2.90U
681
681
bond
bond
bond
bond
June.
June.
Sept.
725
1.786
1
-
3.215
725
3/15/52-51*.
- 6/15/51-5U.
- 6/I5/5U-56.
- 12/15/W4-5 *.
2-7/8?; Treaeury bond
3.215
I491
Total
;/i55-Har..
2.52U
779
725
2-1/2*; Treasury bond
June.
June.
2.237
1.186
759
Total
195>*-kar..
U.013
1.501
2.52>t
7$
2.237
1.021*
Total
1953-June.
fixed-maturity
issues plus
callable Issues
classified by year
of final maturity
1.627
755
1,118
513
- 9/15/51-55.
- 12/15/51-53.
- 12/15/51-55.
-
Final
maturity
Total annual maturities
fixed-maturity
Issues plus
callable Issues
classified by year
of first call
1.223
1.01U
6/15/1*9-51.
6/15/51-5I*.
U.013
2-l/2)» Treasury bond
2-1/Ujs
2-1/2*;
U-l/U*;
3-1/gjt
flret
call
3/15/U8-51.
Total
1952-Kar.
Hay..
June.
Sept.
Oct..
Callable Issues classified by year of:
3/15/U6-56.
3/15/56-586/I5/5U-56.
9/15/56-59-
3.1*91*
1*89
l,Ul(9
681
982
2.l»31
Total
1.170
1957
1958-Har..
June.
2-1/2*; Treasury bond
2-3/1* Treaeury bond
1959-Sept.
-
1.1*9
-
3/15/56-586/15/58-63.
2-3/H*; Treasury bond
-
9/15/56-59-
982
2-7/8fJ Treasury bond
3/15/55-60.
- I2/I5/60-65.
2.611
919
919
Total
1960-Mar..
Dec.
2_3/l*ft
Treasury bond
3f>
1.U85
Panama Canal
bond
-
6/1/61
982
1.1*85
Total
1961-June.
1.1*1*9
2.611
50
1.1*85
2,611
50
50
1962
1963-June.
196U-Knr..
1965- Dec.
919
2-3/1** Treasury bond
-
6/15/58-63.
919
3-1/1** fTHC bond
-
3/15/'*-6».
95
95
2-3/4* Treasury bond
- 12/15/60-65.
I.W5
1.1*85
2-1/2*; Treasury bond
-
9/15/67-72-
2-1/2*; Treasury bond
-
9/15/67-72-
i960
1967-Sept.
2.716
2.716
i960
1969
1970
1971
1972-Sept.
Source:
1/
2/
2.716
2.716
Dally Treaeury Statement, and reporte to the Treasury.
Zxcludee postal tarings bonds and Federal Rousing Administration debentures.
of flret oall and again in the year of final
It should be noted that callable iesues appear twice in this column, once in the year
howerer. are listed ae fixed aavurltlee.
aaturlty. Callabls Issues with respect to which a definite notice of call has been made,
<•
Beoonetructlen finance Corporation. Commodity
Corporation,
Loan
Some
Owners'
eorporatlone:
following
The abbrerlatlone refer to the
Credit Corporation, federal farm Mortgage Corporation, and United Statee Houelng Authority.
2«f
Offerings of Marketable Issues of Treasury Bonds and Treasury Notes
Since January 1 , 1938
8
.
.
25
Treasury Bill Offerings since February
l t
1941
Bide accepted
Bate of
ioene
I9*l-reb.
5 2/.
I... 13 %l.
Tab. 19 2/.
l»b. 26 2/.
Data of
atari ty
1941-May
May
May
May
hit
Mar.
7.
lt.
21.
28.
*..
Vuaber of
days to
maturity
Aneunt of caah
subscription*
tendered
Average
price
per hundrod
(In uillSons
of dollar*)
(la allllona
of dollars)
312.3
227.6
209.8
258-1
100.5
100.3
100.1
100.1
100.000*
100.00099-998
99-989
9*
tti.t
308.8
200.3
200.3
200.2
100.*
290.1
208.9
252.6
2*7.*
301.7
100.6
100.1
100.*
100.1
100.1
315.8
91
90
91
91
Equivalent
average
rate 1/
(Percent)
Aaouat of
atari ng
issue
(la
illloae
of dollare)
0OO+
0.007
0.0*3
1C0.1
100.*
100.3
101.3
99-978
99-970
99-971
99-98t
0.086
0.120
0.117
O.065
101.0
101.2
100.3
100.4
99-986
99-976
99-975
99.976
0.055
0.079
0.093
0.097
0.097
100.*
100.0
100.0
1O0.O
101.3
100.0
100.0
100.5
100.3
99-976
99-983
99-982
99-983
O.096
O.069
0.070
O.069
100.5
100.3
100.1
100.1
200.1
200.3
200.6
100.1
99-973
99-975
99.974
99-983
0.107
0.100
0.103
0.066
200.3
200.3
200.2
100.*
99-978
99-976
99-975
99-975
99-976
0.086
0.097
o.«97
0.098
0.09*
100.6
100.1
100.*
100.1
100.1
II
June 11.
Jane IS.,
June 25,
91
91
91
91
Apr.
2.
Apr.
9Apr. 16.
Apr. 23Apr. 30.
July 2.
July 9.
July 16.
Jul* 23July 30.
91
91
91
Hay
Hay
May
Maj
6.
Aug.
Aug. 13
Aug. 20.
Aug. 27.
91
91
91
91
91
91
91
91
33*-'
18.
June 29.
Sept. 3.
•apt. 10.
Sept. 17.
Sept. 24.
July B.
July 9.
July -6.
July 23July 30.
Oet.
1.
Oet.
8.
Out. 15.
Oct. 22.
Oet. 29.
91
91
91
91
91
281.1
281.7
306.1
266.6
100.9
100.0
100.3
100.1
100.0
5.
or, 26.
91
91
91
91
293.2
288.8
297.*
327-1
100.2
100.1
100.2
100.8
99-973
99-971
99-971
99-971
0.106
0.11*
0.116
0.11*
100.0
100.6
100.5
100.3
Dae.
3.
Dec. 10.
Dee. 17.
Dae. 24.
91
91
91
91
383-6
100. t
8apt.1T.
Sapt.2k.
*93-t
101.0
100.0
100.7
99.977
99-982
99-987
99-991
6.090
0.071
O.050
0.037
200.1
2OO.3
200.6
Oct.
1.
Oct.
8.
Oct. 15.
Oet. 22.
Oct. 29
Bee. 31.
1942-Jan.
7.
Jan. it
Jan. a.
Jan. 21.
100.0
100. t
100.2
150.2
150.0
99-98*
100.000100.00099-99t
99-983
0.062
0.002
6.001
0.067
100.9
100.0
100.;
100.1
1(0.1
95-962
99.950
99-935
99-932
0.151
6.2C0
0.258
O.267
100.2
100.1
100.2
100.8
lOO.fc
12.
Mar
:2:
7.
lt.
21.
28.
Ivan 4.
iun* 11.
tat
6.
Aug.
Aug. 13Aug. 20.
Aug. 27.
Sept. 3lap*. 10.
12.
I".
91
91
37*. 7
9H
t39-5
*39.
398.1
267.8
292.
tot. 2
91
91
91
91
91
182.0
363.8
200.0
a7-6
303.9
269.4
99.9m
c.o.-'-
100.1
Sev.
5..
lOT. 12.
»OT. 19.,
Sot. 26..
Tat.
t.
Tab. 11..
Tee. 18..
**b. 25..
91
91
91
91
t66.6
150.1
150.0
200.2
200.0
Dae.
Dae.
Bao.
Dec.
Dee.
tor.
Her.
Mar.
Mar.
Mar.
t..
U...
18..
16..
17-.
91
91
91
82
76
*6s.2
*03.i
382.7
352-9
317-1
200.2
150.0
150.0
150.8
150.0
99-939
99-926
9) 923
99.5J3
99-935
0.2*2
0.293
0.295
0.295
0.31c
Mar.
Apr.
Apr.
Apr.
19..
15..
22..
29..
71
351-6
91
91
91
38*. 7
150.2
150.0
I5O.3
150.1
99-9*0
99.970
99-950
99.9*2
0.119
0.196
0.231
100.*
100.1
150.2
15O.O
«ey
Mar
13-
150.1
150.0
150.0
150. t
99.94*
99-937
99-933
99-933
0.226
0.250
0.26 J
0.266
150.1
150.0
200.2
200.6
310..
17.,
2*.,
31..
19*2- Jen.
7.
Ja». It.,
Jan. 21..
Jan. 28.,
t..
Too.
Jut. 11..
Job. 18..
25..
m.
6.
20.
27-
91
91
91
91
Source: Account* of Public Debt Service.
Back Figures: Annual Bepert* of the Secretary of tee Treaeury.
1/ Baa* discount tula.
2/ latlonal Defeme aeries.
3/ negative.
Itf'.Z
351-6
371.5
tio.i
400.0
3*2-1
385.8
).
o>
J.01.0
100.0
100.7
100.0
26
Sales of United States Savings Bonds!/
Since May 1. 1941
PART A
-
TOTAL SALES, CLASSIFIED BY SERIES
(In allllona of dollar* at lean* prlcea)
Month
27
Sales of Tax Series Treasury Notesl/
(In millions of dollarB at Issue prices)
PART A
Month
-
CLASSIFIED BY PURCHASES
9
...
. ..
..
)
23
Public Debt Receipts and Expenditures
(In
Ul Ions
of dollari
Receipts
Expenditures
Public issues
fiscal year
or month
Total
1938.
193919*0.
19*1.
Adjusted
service
bonds
Public Issues
Exchanges
Special
Issues
Total
Cash
!i;i-.l^.r«T
Special
issues
receipts
9.620.8
13,083.6
13.165.6
17, 8*6.7
*. 775-8
7.*75-l
7.19*.*
10.*62.1
2.812.0
3.1*1.6
2.158.5
2.567-1
3.150.8
*,2*0.8
8,880.7
9.808.8
10,637.6
11,852.8
5.166.0
5.301.0
5.679-8
5.815.6
2.673-8
3.03*-9
2.812.0
3.1*1.6
1,0*0.8
l.*72-9
2.1*5.8
2.895-6
7*0.1
3.27*.S
2,528.0
5.993 9
636.5
3,186.6
522.1
1.387.6
11*.2
171.6
*23.S
2,103.11
*17.*
*53.6
6.3
1.627.2
1.627.2
22.6
212.7
1,083.2
651.6
915.*
5.388.5
585.0
775-6
1.683.6
59*. 2
"i51.8
.6
*25.2
1*7.8
*12.6
729.1
*1.8
12.6
787.3
2.631.*
57.6
*90.3
1,2*0.7
July
August.
September.
1.121.2
1,88*.*
1.170.9
895.1
1.721.2
9*8.6
.6
22^.3
163.1
222.2
570.1
*76.0
7*5.5
5*7.7
*58.9
711.7
.6
21.8
17.0
33.7
551.1
1.U08.U
*25.*
October.
lovember.
December.
3.0*6.*
1.938.3
3.5*7.1
2.760.3
1,768.*
3.582.5
189.0
97.0
l69.g
26*.5
808.8
528.
*55.
559.
189.0
91.3
27.1
89.3
2.237-6
l.*55-8
2.898-3
19*2 -January.
february.
3.07*.7
3,160.6
2.527.1
2.999.8
*06.2
1*1.3
160.5
1,001.3
791.7
535-*
757.8
*06.2
59.7
33.7
2.073-5
2,368.9
19*l-/ebruary.
March.
.
.
April.
Kay...
June.
.
.
2,673-8
3. 03*.
.6
787.3
.2
66.0
139.7
2.917.5
*,
*82.>i
6*8.8
.2
Dally Treasury Statements.
Less than $50,000.
Computed Annual Interest Charge and Compu-ted Rate of Interest
on the Interest-Bearing Public Debt Outstanding^
End of fiscal year or month
Interest-bearing dabt
outstanding
Coaputed annual
Interest charge
Computed rate of
Interest
(Percent)
1933193*.
19351936-
$22,157,6*3.120
26,*80,*87.870
27,6*5,2*1.088
32.988.790.135
7*2,175.955
8*2,301.131
750.678,123
8**. 996, 902
3.350
3.181
2.715
2.562
19371938193919*0.
19*1-
35,800,109.*18
36.575.925.880
39.885.969.732
*2.376.*95.928
*8. 387. 399. 539
92*. 275, 2*1
9*7, 08*. 058
1.036,937.397
1,09*. 619. 91*
1, as, 23s, 8*5
2.582
2.589
2.600
2.583
2.518
March
*5. 535.287. 070
*6,580,S12,*6l
1,157.610,751
1,178,076,621
2.5*2
2.529
April.
May...
June.
*6. 673. 368, 395
U7, 160,1611,076
*«. 387. 399.539
1,181, 178, *«3
2.531
2.53*
2.518
July
August. . .
September.
*8. 965. 009,283
1,23*. 650, 90*
50,370,520,072
50. 790. 671,5*6
1,2*9,099,338
1.260,530,608
October.
Hovember.
December.
53,0*0.*15,590
5*.535.587.3«7
57,*50.9*5.675
1.307,598,258
1,52*, 826, 253
1.38*. 18*. 673
2.*65
2.*29
2.*09
19*2-January.
Tebruary.
59.530.900,66*
61, 89*. 7*2, 720
l.*30,8l6,112
l,*87.789,66l
2.*0*
2.*0*
19*l-7ebruary.
Basle:
1/
1,195.018,863
1,218.238,8*5
2.S22
2.*80
2.*82
Dally Treasury Statements.
Treasury bills are included in Interest-bearing debt figures at face amount, but for the purpose of calculating the computed annual interest
charge and the computed rate of interest, the discount value is used.
OWNERSHIP
OF
GOVERNMENT
-29
SECURITIES
P
. .
.
30
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
(In millions of dollars)
Securities Issued by United States Government
Securities guaranteed by United States l/
Distribution by classes of holders
End of flical
year or month
Total
amount
U.
Federal
Reserve
Banks \j
Government agencies
and trust funds 2/
S.
out stand-
Distribution by classes of holders
Total
amount
outstanding
Private Investors U/
in*
Total public
Public
and special marketable
Issues £/
Special
Issues
Public
marketable
Issues
Total
public
Issues
S. Government agencies
and trust funds and
Federal Reserve Banks 2/
U.
Public
Public nonmarketable marketable
Issues
Issues
Private
investors
y
Public
marketable
Issues
Public
marketable
issues
1933.
193*.
19351936.
22,158
26.W80
27.6U5
32.989
690
1.288
1,629
1.9"5
367
892
996
1.319
1.998
2, "32
2."33
2. "30
19,1*69
19,1*69
22.760
23.583
28,61"
22,760
23,521
27,353
681
531
633
626
62
l,26l
4.123
4,718
3.761
".3"3
1937.
1938.
1939.
19U0.
19U1.
35.800
36.576
1.663
1.776
1,830
2.017
2,09"
1.558
2.676
3.770
".775
6,120
2.526
2.56"
2.551
2. "58
2,180
30.053
29.560
31.735
33.126
37.993
28,865
28.004
29.58"
29.?6l
33. "39
1,188
1.556
2.151
3.166
".55"
".665
"8,387
3,221
"."52
5,600
6,792
8,21"
273
".302
4.528
5.16"
5.211
6.087
194l-february.
March. . .
"5.535
U6.581
7.529
7,718
1.995
2.035
5.53"
5.683
2,180
2,180
35.826
36.683
32,100
32.839
3.727
3.84"
5.901
5.905
277
275
5,62"
5.630
April.
May...
June..
"6.673
"7.160
"8,387
7.773
7.908
8,21"
2,066
2.07"
2,09"
5.707
5.83"
6.120
2,180
2,180
2.180
36.720
37.072
37,993
32.829
32,821
33."39
3.891
4.251
".55"
6,^50
6,359
6,360
276
275
273
6.27"
6.084
6,087
July
August ....
September.
"8,965
50,371
50.791
8, "26
2,102
2.105
2.103
6.32"
6. "70
6,658
2,180
2,180
2,180
38,359
39.616
39.850
33. "31
",928
8,575
8,761
33.382
33.085
6.233
6.76"
6,930
6,928
6,929
273
275
278
6,657
6.653
6.651
October, ..
November.
December,,
53.0"o
5",536
57, "51
8,879
9.031
9.2"9
2,215
2.225
2.267
6,66"
6,806
6,982
2,180
2,180
2.250
"1,981
"3.325
"5.952
3"."7"
35.272
37,046
7.506
8,051
8,906
6,930
6,316
6,317
28"
283
285
6,6"6
6.033
6.032
59.531
61.895
9.332
2.269
2.239
2.261
37.765
10.19"
2.332P
7.063
7.190
"7.96o
9.522P
50,112p
39. 109
11.003P
5.673
5.673
283
283 p
5.390
5.390 p
,886
82.376
I9U2- January.
February.
Dally Treasury Statements;
(1) Total amounts outstanding:
(2) Securities held by U. S. Oovernment agencies and trust
funds:
reports of the agencies and accounts vlth the Treasury; (3) Securities held by federal Reserve Banks i federal
Reserve System,
p
H
Preliminary,
Excludes obligations sold directly to the Treasury.
Excludes Exchange Stabilization Pond.
3_/
kj
5_/
375
363
325
286
287
".853'
5.450
5,498
6,360
figures shown for June 30 of each year are as of the end of the
month. Other figures are In part as of the Wednesday nearest the
end of the month.
The total amount of securities held by private Investors is calculated by deducting from the total amount of securities outstanding,
the securities held by TJ, S. Oovernment agencies «"*h trust funds
and by federal Reserve Banks.
Includes public non-marketable issues which have not at any time
aggregated as much as $2,000,000.
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts*'
(In millions of dollars)
Hot market purchases or sales (-)
Mar.
Jan.
Apr.
May
June
July
Aug.
Sept.
1937.
14.4
U.9
3-9
24.4
4.8
12-5
8.9
-12.0
5.7
-3.0
119.6
1938.
23.3
2.5
-"9
.8
1.2
-3.9
38.5
1939.
1.6
.1
-12.5
-37.1
-40."
5.0
3.0
3.3
1940.
-9.5
-20.9
-5-7
-1.6
."
•9
71.9
-.3
1941.
-2.8
12.0
-.7
-.2
.4
1942.
-5
30.0
•
Dec.
Oct.
-15.4
3.7
1.0
2.0
.4
6.5
-1.2
-2.8
-3.2
-4.4
-.3
-1.1
-.2
Lass than $50,000.
l/ Treasury investment accounts comprise (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. Oovernment agencies whose Investments are handled through the facilities
tnla table also Includes purchaser under Section 19 of the Second Liberty Bond Act, as amended.
of the Treasury Department,
60.0
31
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942
following
The
January 31, 19^2,
tables
the
of
United States.
The
covered
survey
In
the
ownership
large
for
securities
of
and
commercial
aocount
from
summary data
present
savings
Treasury survey, as
the
or
Issued
banks
and
approximately 95 percent
of
guaranteed by
companies
Insurance
the
of
the
holdings
of
United States Government and Government-guaranteed securities held by all banks and
Insurance companies In the United States.
Table I.- Analysis of Ownership by Type of Security, by Call Classes
and by Tax-Exempt ion Provisions
PART A - PAH VALUES IN MILLIONS OF DOLLARS
Public marketable interest-bearing securities 1/
Bold by banks and insurance companies
covered Is Treaeury surrey
Total
amount
outa tending
Classification
6,280 banks
Total
7.037
institutions
5.788
I.
a.
560
fire,
casualty,
197
life
lneurance and marine
oostpanles insurance
companies
492
commer- mutual
cial savings
bank,
Held by
757 iniurano* companies
banks
S.
Government
agencies
and trust
funds, and
Tederal
Be serve
Banks 2/
Held by
all
other
Investors
Type of security
Securities Issued by Halted State,
Treasury till,
Treasury notes
..
Treasury bonds
Other bonds
Guaranteed issues ^/.
Total
2,101
1,512
1.463
1,428
35
49
26
23
5.591
3.377
3.129
2.995
135
2MB
157
91
7*6
1.467
3"».J«3
23,018
16,063
12,851
3.212
6.955
5,670
1,284
3.728
7,638
196
13
13
12
•
1
*
1
32
150
5.673
4,420
3.9*7
3.732
215
474
385
283
970
47,944
32.3"*i
2U.615
21.017
3.598
7.726
6.239
U.789
10,815
1.487
589
By call classes
Sue or first Becoming callable
4,292
3.023
2.873
2,769
105
150
89
61
153
1,116
1 to 5 years
17.708
11.571
9,1191
8,608
883
2,080
1.613
467
1.763
4.374
5 to 10 years
13.330
637
7,1*2
6.198
,244
2.195
1.772
123
1,486
2.208
7.H71
630
3,081
2,155
926
1.5*9
1.296
253
905
1,936
15 to 20 years
2,454
,75"
64 5
568
78
1.105
894
211
209
M95
Orer 20 years
2.669
711
1,075
71>»
361
636
563
73
27U
684
12
12
VI thin 1 year
10 to 15 years
,.
federal Bousing Adminl strati on debentures
Total.
3.
20
18
47,944
32. 3*1
24,615
21,017
3.598
7.726
6.239
1.487
4.789
10,815
4,052
1,937
1.791
1,718
73
1H7
86
60
702
1,1*12
By tax-e^auptlon provisions
Wholly exempt
frees
federal income taxes 4
Partially exempt from Federal income
30.626
20,1*59
14,610
12.658
1.953
5.S48
4,660
1,188
3,282
6,886
Subject to federal Income taxes
13,266
9.9U 5
S.21U
6.642
1.572
1.731
1,1492
239
805
2.517
Total.
47,944
jg.yi
24, 615
21,017
?.5?g
7.726
6,239
1.487
789
10,815
t
axes 5/
(Continued on following page)
4
U
2
6
7
,
32
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942 - (Continued)
Table I.- Analysis of Onership by Type of Security, by Call Classes
and by Tax-Exemption Provisions - (Continued)
PAflT B -
PERCENTAGE DISTRIBUTION BY CLAS3E3 OF SECURITIES
Public marts table Interest-bearing securities 1/
Held by banks and Insurance coapanlee
corered In Treasury surra;
Total
amount
outstanding
Classification
By type of security
Securities issued by United States
Treasury bills
Treasury notes
Treasury bonds
Other bonds
Guaranteed issues J/
U.h
11.7
71.7
11.8
total
6,280 banks
Total
7.037
Institution!
M--7
10.
71.2
13.7
100.0
By call classes
Cue or first becoming callable
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
Orer 20 years
Federal Housing administration debentures
9.0
36.9
27.8
15.6
5.1
5.6
Total
Total
-
5.*
5.3
U92
5.9
12.7
65.3
tarings
banks
6.8
61.1
1.0
3-7
89.3
3.2
90.0
•
6.1
1>4.2
.1
.1
•
16.0
17.8
6.0
100.0
100.0
11.7
38.6
30.2
12.5
2.6
Ik. U
13.2
Ul.O
29.5
10.3
2.7
3.1
100.0
100.0
8.5
6.0
U.
S.
Bald by
all
other
investors
,
clal
banks
.6
5
6.1
86.lt
15.6
77.8
6.2
6.0
5-9
9.0
100.0
100.0
.7
100.0
l.U
25-9
28. *
20.8
I*.3
9.0
2.9
2U.6
3*.6
25-7
2.2
10.0
^
2.5
90.9
.1
3y tax-exemption provisions
Wholly exeapt from Federal lncooe taxes U/
Partially exempt from Federal Income
taxes ^J
,
Subject to Federal income taxes..
PART C
9.3
35.8
5.788
:omer- mutual
Held by
Government
757 Insurance companies
agencies
and trust
56C fire,
197
funds
and
casual ty
life
radaral
and marine
insurance
aoes-Ts
Insurance
companies
Banks 2/
companies
*.l
31.*
28.
*\\
10.3
to.*
20.*
17.9
U.6
5.7
6.3
36.8
31.0
17.0
It.
*.9
13.6
70.6
l.U
.2
100.0
100.0
7.3
59- *
63.9
27.7
33."
100.0
100.0
5*-3
*3.7
100.0
1.9
1.*
*.o
1*.7
13.1
75.7
22.lt
7*.7
23.9
79.9
16.1
6S.5
16.8
63.7
23.3
100.0
100.0
100.0
100.0
PERCENTAGE DISTRIBUTION BY 3R0UP3 OF INVESTORS
Public marketable Interest-bearing aecurltle, \J
Held by banks and lnaurance coapanlee
covered in Treasury survey
Clarification
1.
By type of security
Securities issued by United States
Treasury bill*
Treasury notes
Treasury bonds
Other bonds
Guaranteed issues 3_/
Total
7.037
institutions
U.
100.0
100.0
100.0
100.0
100.0
72.0
60.*
66.9
6.8
77.9
69.6
56.O
*6.7
6.U
69.6
67.9
53.6
37.*
1.7
2.U
9-3
6.2
65.8
.1
.It
.1
•3
3.8
8-3
6.8
100.0
67.5
51.3
*3.8
7.5
16.1
70 .U
65.3
2.U
U8.
*6. 5
28.9
23.1
26.7
5.0
9.3
12.*
90.5
66.9
53.6
55-8
*1.2
26.3
U0.3
32.1
6*.5
10 to 15 years
15 to 20 years
Over 20 years
federal Housing adalni strati on debentures
100.0
100.0
100.0
100.0
100.0
100.0
100.0
3.5
11.7
I6.5
20.7
U5.O
23.8
58.*
Total
100.0
67.5
51.3
*3.8
Wholly exeapt froa Federal incoae taxes */
Partially exeapt froa federal Incoae
taxee 5/
Subject to federal Incoae taxes
100.0
*7.8
**.a
1*2.1*
100.0
100.0
66.8
75-0
*7.7
61.9
*1.3
50.1
Total.
100.0
_6M
51.3
*3.8
Total
2.
Total
amount
outstanding
Held by
S.
Government
6.280 banks
757 Insurance coapanlee
ageselee
560 fire,
and trust
*92
5.788
197
casualty, funds, and
c oncer
autual
life
Total
Total
and marine
federal
clal
savings
insurance
insurance
Be serve
banks
banks
coapanlee
coapanlee
Banke 2/
2.3
*.*
20.2
1.1
Held by
all
otter
investors
1.6
13.3
10.8
16.U
5.0
28.0
26.2
22.2
76.8
17.1
13.0
3.1
10.0
22.6
2.1
9.1
13.3
17.3
1.*
2.6
3.2
3.*
8.6
2.7
3.6
10.0
ll.l
12.1
8.5
10.2
26.0
1.3
2.8
16.5
1.6
3.7
By call classes
Baa or first becoming callable
Within
1
year
1 to 5 years
5 to 10 years
72.3
62.0
71.3
6*.l
3.2
28.5
36.it
21.1
58.0
.it
2*.
16.6
25.9
20.2
25.6
9.5
16.1
13.0
3-1
3.6
2.1
1.;
17.3
3*.9
6.U
11.8
19.1
13-0
15.2
11.2
3-9
1.8
10.7
6.1
22.5
19.0
7.5
16.1
15.0
3.1
10.0
22.6
7.5
22.6
By tax—exemption provisions
lotei
i/
I
figure, are rounded to the nearest million or the nearest one-tenth of one percent and vlll not necessarily add to totals.
Less than (500,000 or leee than .05*.
Public marketable eecurlties include all securities Issued except (1) special issues to Oovernaent agencies and trust funds,
(2) adjusted service bonds, (3) depositary bonds, (It) United States savings bonds. an.i (5) tax (series notes.
Such obligations were
held by institutions reporting, ae follove: (1) depoeltary bonds - coaaerclal banks. $61 Billions; (2) United States savings bonde comaerciml banke, (177 millions; mutual savings banks, $32 millions; Insurance coapanlee, $5*t Billions; all institutions.
$263 Billions; (3) tax series notee - coaaerclal banks. I'll millions; Insurance coapanlee, $12 millions; all institutions, $53 Billions.
Ixcludee Kxchang* Stabilisation fund.
Xxclmdee obligations sold directly to the Treasury.
Securities the Income froa vhlch le exeapt froa the normal ratee and the surtax ratee of the federal income tax.
Securities the Incoae from vhlch le exeapt from the normal ratee of the federal Income tax.
(In the case of partially tax-exempt
Treasury bonds, Interest derived froa $5,000 of principal amount oraed by any single holder Is also exeapt from the surtax ratee of
the federal income tax.)
33
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942 - (Continued)
Table II.- Distribution of Ownership for Each Issue Outstanding
PART A
-
PAR VALUES IN MILLIONS OF DOLLARS
Public marketable Interest-bearing securities 1/
Held by banks and insurance companies
covered In Treasury surrey
Total
amount
outstanding
Issue. classified by
tax-exemption provision
I.
Wholly exempt from federal Income taxes
Treasury notes
Total
7.0J7
institutions
1
20
342
232
8
5
140
97
113
85
98
74
I9U3
September I9U3
1*
1-1/8* December 19U3
629
279
421
316
193
182
301
187
14s
283
181
141
Karch
1944
June
1944
September 1944
Kerch
19"*5
515
416
283
718
290
240
35
422
2S2
232
3>»
392
3.856
1.924
1,778
196
13
13
4.052
1,937
1943-47
1943-45
1944-46
45U
1,401
1.519
December 1944-54
4*
2-3/4* Soptember 1945-47
2-1/2* December 1945
3-3/4* Karch
June
3*
3-1/8)1 June
4-1/4* October
December
2)6
2-3/4* Karch
ljt
3/4*
1%
3/4*
6
8
IN
lfl
U
12
6
7
I
275
227
7
7
31
3
1
390
2
11
1.705
n
146
1.791
1,718
n
1>»7
266
794
907
199
598
656
141
518
578
58
SO
78
196
251
50
145
197
1,037
1,214
541
642
796
423
443
577
369
326!
498
295
7*
79
31
199
219
97
15*
174
61
1946-56
1946-48
l£»6-49
489
1.036
819
319
646
496
209
164
280
84
74
110
189
IU3
92
156
117
1947-52
759
701
1.2^3
414
579
926
277
504
680
191
480
563
86
24
117
137
75
246
208
451
571
366
459
382
235
394
239
263
386
167
23
9
2
72
144
44
106
J09
957
693
828|
129
129
159
272
217
465
401
94
72
29
74
55
15
104
468
227
Total Treasury notes
•
Bonds
Pootal savings
Panama Canal.
Conversion
5
5
86
U7
•
Total bonds
Total wholly exempt from Federal
income taxes
50
29
Partially exempt from federal income
taxes 4/
Treasury bonds
3-3/S* June
3-1/4* October
3-1/4* aprll
57«
353
67
J
19U7
1948-51
2-1/2* September 1948
December 1948-50
2*
3-1/8* December 1949-52
491
81
52
67
218
173
2-1/2* December 1949-53
2-1/2* September 1950-52
1951-54
2-3/4* June
1,786
1,186
1.627
1.229
1.186
721
564
5o2
September 1951-55
3*
2-1/4* December 1951-53
June
1953-55
2*
755
1,118
725
310
216
734
603
126
676
582
90
807
633
681
2,611
982
524
1,123
602
389
54o
319
360
399
274
28
141
>»5
135
582
283
919
1.485
681
1,068
250
394
208
359
42
35
431
67"
542
1,813
5.471
4.333
1954-56
2-1/4* June
1955-60
2-7 /8 * Karch
2-3/4* September 1956-59
2-3/4* June
2-3/4* December
0.
3_/
1942
1-3/!*$ Karch
September 1942
2*
1-3/4* JJecember 19*2
1-1/S* June
Held by
1958-63
1960-65
Total Treasury bonds
,
26,581
17,488
3.
Government
6.280 banks
757 Insurance companies
agencies
560
and trust
fir*.
5,7gg
197
49a
funds, and
c*.raalfc:r.
life
comer- mutual rotml
federal
Insurance and a&rlae Reserve
savings
clal
iBBurasc*
companies
banks
banks
Banks 2/
coop aulas
12.017
10,204
58
22
3»
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942 - (Continued)
Table II.- Distribution of Ownership for Bach Issue Outstanding - (Continued!
PART A - PAF
35
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942 - (Continued)
Table II.- Distribution of Ownership for Bach Issue Outstanding
PART B
-
(Continued)
PERCENTAGE DISTRIBUTION BY GROUPS OF INVESTORS
Public aarketable interest-bearing securities 1/
Held by banks and insurance conpanles
covered In Treasury sur v ey
eutetaadlng
1.
Wholly exempt from federal lncoae taxaa
Treasury not..
6.2(0 bank.
Total
I.sue, classified by
tax-exemption provision
Total
7.037
lnetitutions
3_/
1942
1-3/4* March
September 1942
2*
1-3/4* Dscaabsr I9U2
100.0
100.0
100.0
•1.0
41.9
I9V3
1-1/8* June
1*
Septeaber 19U3
1-1/8* December 1943
100.0
100.0
100.0
69.1
43.1
March
1944
1944
Saptanbar 1944
March
I9U5
100.0
100.0
100.0
100.0
Total Treasury not as.
100.0
1*
3/4*
1*
3/4*
June
Brail
Postal savings .
Fanaaa Canal
Conversion.
38.1
54.6
55.9
12.2
54.6
49.9
100.0
Total wholly axssipt from federal
lneoae taxes......
•.....••«
Partially exoapt froa Federal lneoae
taxes »/
Treasury bonds
3-3/8* Jane
3-1/4* October
3-1/4* iprij
1943-47
1943-45
1944-46
100.0
100.0
100.0
58.6
56.7
59.7
Saeaabar 1944-54
2-3 /4* September 191*5-1*7
2-1/2* Beeeaber 19*5
100.0
100.0
100.0
61.9
65.5
78.3
3-3/4* March
June
3*
3-1/8* June
1946-56
1946-48
1946-49
100.0
100.0
100.0
65.3
62.4
60.6
4-1 /4* October
Saeaabar
2*
1947-52
I9U7
2-3/4* March
191*8-51
100.0
100.0
100.0
54.6
82.6
75.7
2-1/2* Saptaaber 194s
Saeaabar 191*8-50
2*
3-1/8* Saeaabar 1949-52
100.0
100.0
100.0
81.1
80.3
77.8
2-1/2* Beeeaber 19*9-53
2-1/2* Septeaber 1950-52
2-3/4* Jnna
1951-54
100.0
100.0
100.0
68.8
76.7
72.9
Saptaaber 1951-55
3*
2-1/4* Beeeaber 1951-53
June
1953-55
2*
100.0
100.0
100.0
41.1
72.2
87.3
2-1 /4* June
1955-60
2-7/8* March
2-3/4* Saptaaber 1956-59
100.0
100.0
100.0
76.9
43.0
61.4
2-3/4* Jane
2-3/4* Saeaabar
100.0
100.0
T4.1
71.9
4*
19511-56
1958-63
1960-65
total Treasury bond*
••....
26.1
32.9
36.5
50.3
100.0
100.0
100.0
Total bond.
II.
Total
65.8
5.7«e
:oaarslal
797 Insurance coapaaiee
1*92
197
560
fir*,
casualty,
outual Total
Ufa
saving.
Insurance and aarlna
bonk.
ooapanles iasuraaee
ooapanla.
Bald by
all
othar
investors
36
Summary Data from Treasury Survey of Ownership of Securities
Issued or Guaranteed by the United States, January 31, 1942 - (Continued)
Table II.- Distribution of Ownership for Bach Issue Outstanding - (Continued)
PART B
Issue, classified by
tax-emaptlon prorltlon
-
PERCEHTAOE DISTRIBUTION BY 0R0UP3 OF INVEST0R8-(Contlnued)
PRICES
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
-37-
J
.
38
Over-the-Counter CloBing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 16, 1942
Table
I.
-
Securities Issued by the United States Government!/
PART A
Price data
(Decimals are thirty-seconds)
Amount
outstanding
(Millions)
Mean
•an
f roo
B0ND3 AND NOTES
Price range
•lac* flret traded
(Decimals are thirty-seconds)
Tiald data 2/
Changs
la
Description
-
Tlald
a
aonth
1941-1942 price range J/
(Decimals are thirty-seconds)
y
Change
la
Tlald Matufroa a rity
oath yield
Data
of
High
Issue
Lev
Price
Price
Low
High
Late
Price
Date
Date
Price
Treasury bonde
$
454
1.401
1.519
3-3/8*- 6/15/43-47
3-1/4 -10/15/43-45
3-1/U - 4/15/44-46
103.20
104.05
105.06
103.23 103.22
104.07 104.06
105. 08 105.07
-.06
-.06
-.03
.41*
• 58
• 72
.03* 2.62* 6/15/27
.02 2.03 10/15/33
.05 1.91
4/16/34
111.14
111.07
111.26
1/11/32
1/10/34
9/17/3 *
107.29
108.10
109.10
1/4/41 103.22 3/16/42
1/4/41 104.00 12/27/41
1/4/41 105.00 12/27/41
1.037
1.214
4
-12/15/44-54
2-3/4 - 9/l5/ l»5-1»7
2-1/2 -12/15/45
108.11
106.04
105.24
108. 13 108.12
-.03
541
106.06 106.05
IO5.26 105.25
.04
.04
.04
.08
.06
12/15/24
9/16/35
12/15/37
116.19 6/22/39 94.06 1/11/32
110.12 12/12/40 99-27 9/17/35
109.24 12/14/40 101.31 12/15/37
113.22
109.25
109. 08
1/2/41 108.04
1/2/41 105.25
1/2/41 105.14
2/?7/"2
2/28/42
2/28/42
489
1.036
819
»
.91
.95
.93
3-3/t
6
5
:
3
3-1/8 - 6/15/46-49
110.06
107.25
108. 05
110.08 110.07
107.27 107.26
108.08 108. 06
-.01
-.02
1.13
1.11
1.14
.12
.03
.01
3/15/26
6/15/34
6/15/31
Il6.l4 12/14/40
112.28 12/16/40
113.19 12/14/40
759
701
1.115
4-1/4 -10/15/47-52
2
-12/15/47
- 3/15/48-50
2
115.16
104.17
101.26
115.18 115-17
104.19 104.18
101.28 101.27
.27
.16
.16
1-35
1.18
1.68
.18
.09
.09
1.223
451
571
2-3/4 - 3/15/48-51
2-1/2 - 9/15/W
2
-12/15/48-50
107.21
106.31
104.15
107.24 107.22
107.01 107. 00
104.17 104.16
+1.00
1.41
1.37
1.30
.18
.14
.13
.014
491
.786
- 6/15/49-51
2
3-1/8 -12/15/49-52
101.00
110.18
106.11
101.02 101.01
110.20 110.19
106.13 106.12
+1.07
2-1/2 -12/15/49-53
1.08
1.85
1.66
1.62
.06
.17
.17
1.88
2.02
1.89
1/15/42
12/15/34
12/15/36
.1(6
2-1/2 - 9/15/50-52
2-3/t - 6/15/51-54
- 9/15/51-55
3
106.17
101.13
110.17
106.19 106. 18
108. 15 108.14
110.20 110.18
1.07
1.10
1.14
1.67
1.76
1.79
.15
1.6*7
755
1.81
1.97
2.10
9/15/38
6/15/36
9/15/31
1,118
510
1.024
2-1/4 -12/15/51-53
2
•12/15/51-55
2-1/2
3/15/52-54
104.24
100.08
103.18
104.26 104.25
100.10 100.09
IO3.2O 103.19
1.03
1.72
1.97
2.10
.12
.03
1.80
1.98
2.16
12/22/39
12/15/41
1.501
25
J
681
101.01
2-1/4 - 6/15/52-55
- 6/15/53-55
103.03
2
2-1/4
6/15/54-56 5/ 104.23
101.03 101.02
103.06
104.25 104.
.16
.26
2.16
1.74
1.87
2.611
1.449
982
2-7/8
2-1/2
2-3/U
109.22
3/15/55-60
3/15/56-58 5) 103.00
9/15/56-59 5/ 109.01
109.25 109.24
103.03 103.02
109.04 109.02
919
1.485
2.716
109.02
2-3/4 - 6/15/58-63 57
109.21
2-3/4 -12/15/60-65
2-1/2 - 9/15/67-72 £/ 100.20
109.05 109.04
109.23 109.22
100.22 100.21
$5
.10
+ .27
.25
.13
6/5/39
6/5/39
6/7/39
87.20
97.29
99.30
1
89.18
97-28
83.05
1/12/32
9/17/3 *
1/11/32
115.16
111.29
112.17
1/2/41 109.24
1/2/41 107.18
1/2/41 107.28
2/18/42
2/28/42
2/27/42
10/8/23
9/25/39
2/25/41
121.24
106.30
104.05
1/2/41 114.20
1/2/41 103.28
8/2/41 100.22
2/19/42
2/13/42
2/25/41
t/1/37
4/2/38
5/24/40
110.22
110.05
106.33
1/2/41 106.16
1/2/41 105.31
8/2/41 103. 18
2/13/42
2/13/42
2/18/42
101.07 1/28/42 100.16 2/18/42
115.04 12/12/40 101.07 12/15/34
108.28 12/10/40 96.19
V8/37
101.07 1/28/42 100.16
114.10
1/2/41 109.06
108.14 11/12/41 104.28
2/18/42
2/18/42
2/18/42
108. 30 12/10/40
2/18/42
2/18/42
2/18/42
2.56
1.18
10/16/22
12/15/38
1.75
3/l5/>»l
122.22 12/14/40 98.18
107.20 12/12/40 99-14
104.05
8/2/41 100.22
3/16/36
3/15/38
12/8/39
111.18 12/12/40 99-10
111.01 12/12/40 100.30
107.00 12/12/40 101.10
1
99.15
98.16
82.08
9/25/39
1/11/32
108.24 11/12/41 105.02
110.26 11/12/41 106.28
113.09
7/7/41 108.28
5/24/40
3/4/42
3/20/41
107.01 11/22/41 103.00
101.16 12/5/41 100.01
106.16
8/2/41 101.04
2/15/41
3/4/42
3/31/M
107.01 11/22/41 101.08
101.16 12/5/41 100.01
106.16
8/2/41 101.04
2/25/42
10/7/40
7/22/40
101.02 3/16/42 100.16
105.14 11/22/41 101.19
107.08 11/12/41 102.02
2/18/42
2/15/41
7/24/40
101.02 3/16/42 100.16
105.14 11/22/41 101.19
107.08 11/12/41 102.31
2/18/42
2/15/41
2/15/41
2.22
2.27
2.13
3/15/35
6/2/41
9/15/36
112.16
105.08
2.21
2.22
2.47
6/15/38
12/15/38
10/20/41
112.04
112.24
103.15
.63
.63
.79
1.18
1.32
1.32
1/1/16
1/1/17
6/1/11
115.00
79
4/32
6/32
4/32
2/32
.00
.04
.08
.17
1.04
1.11
.30
1.08
1.08
+1.06
.09
.06
.06
1.69
1.82
-.08
.10
2.02
2.24
2.03
-.09
2.09
2.12
2.47
-.08
-.01
.12
.08
.08
110.26 11/12/41
113.24 12/30/40
Wl/37
3/»/4l
11/1/41 98.30
11/5/41 101.30 12/26/41
98.10
4/1/37
112.16 11/1/41 107.16 2/15/41
105.08 U/5/41 101.30 12/26/41
III.3I 10/29/41 106.28 2/15/41
11/1/41 99.15
11/1/41 99-14
11/5/41 100.01
9/25/39
9/25/39
1/2/42
112.04
112.24
103.15
11/1/41 106.28
11/1/41 107.06
U/5/41 100.01
1935
75-00
1920
128.16
3/16/42
75.00
6/18/21
111.00
112.16
128.16
1/29/41 108.04 12/13/41
7/22/41 109.14 12/13/41
3/16/42 124.08 1/15/42
•37
9/15/37
12/15/37
3/15/41
105.28
105.03
101.04
6/24/
7/25/
9/16/37
101.05 12/15/37
100.04 1/12/42
103.30
103.23
ioi.o4
1/28/41 101.04
1/28/41 101.12
7/25/41 100.04
6/15/38
6/15/40
12/15/38
103.00
102.15
103. 08
4/3/40 99.04
11/8/40 100.22
4/2/40 98.30
9/6/39
6/11/40
9/6/39
102.15
102.05
102.21
1/10/41 100.28 12/10/41
1/4/41 100.26 12/11/41
1/17/41 101.06 12/10/41
11/1/39
6/15/39
12/22/39
102.15
101.15
102.16
11/9/40 100.13
9/27/41 97.16
12/9/40 100.10
6/10/40
9/6/39
6/11/40
102.05
101.15
102.07
1/18/41 100.26 12/11/41
9/27/41 100.06 12/11/41
1/4/41 100.23 12/10/41
1/31/41
3/15/40
12/18/40
11/1/41
100.21 9/10/41
101.16
8/6/41
100.18
9/9/41
100.18 10/25/41
IH.31 10/29/41
2/15/41
2/15/41
1/2/42
Other bonde
108.20
110.00
127.16
109.04 108.28
110.24 110.12
129.16 128.16
101.03
101.11
100.11
101 .05 101.04
101.1 101.12
100.14 100.12
.09
.10
.01
4/32
2/32
•37
101.03
101.02
101.16
101.05 101.04
101.05 101.04
101.18 101.17
.04
.03
.0?
.22
•25
.25
.03
.02
.22
.25
.25
3/15/44
6/15/44
9/15/44
101.10
100.26
101.14
101.12 101.11
100.29 100.28
101.17 101.16
.01
.00
.36
.Of
.60
-.01
-.01
-.01
.36
.40
9/15/44
3/15/45
99.30
100.29
99.19
99-27
100.01 100.00
100.31 100.30
99.21 99.20
99.29 99.28
.00
.CO
.75
.43
•85
..Of
1.03
3* OoETerelaa-1/1/46
3
3
Converslon-1/1/47
Panama
-£/l/6l
.00
.00
•
Treasury aotee
342
a
M
629
279
421
2*
1-3/4
3/4
B -
1-1/8
A
1
C 9/15/"»3
8 - 12/15/43
1-1/8
81
283
635
718
531
503
T
1/
2/
37
T
-
3/4
BA-
1
C -
3/4
3/4
A -
1
9/15/42
- 12/15/42
D - J/15/43
D -
6/15/43
13/4
B - 12/15/45
T
A -
1
3/15/46
.02
.00
+ .01
.00
+ .01
Taxable leenae.
,
Excludes postal tarings bonds.
When the price of a security is such as to result In a negative yield,
the exoeee of price orer lero yield Is glren in the yield columns In
thirty-seconds
Prices represent the aean of closing bid and ask quotations In the
oTer-the-counter market, except that Treasury bond prices for the
period prior to September 30, 1939 repreeent closing prices on the
'then Issued" prices are Included beginning
lev Tork Stock exchange,
September 30. 1939. Satee ef highs and love, la aaee of recurrence,
are the latest dates.
•75
.43
•85
1.03
4/
57
6/
V5/39 100.26
g
99.11 12/10/41
98.26 6/10/40
99.01 12/10/41
99.11 12/10/41
3/16/42
3/16/42
1/12/42
100.21 9/10/41 99.11 12/10/41
101.16
8/6/41 100.03 12/11/41
100.18
9/9/41 99.01 12/10/41
100.18 10/25/41 99.11 12/10/41
Computed on aeaa price to call date vhen prleee are above part to
aaturlty date vhen prioee are below par.
Inoluded la long-term average of partially tax-exempt Treasury bonds
ehova later la this chapter.
Included in long- tore average of taxable Treasury bonds ehovn later
in this chapter.
39
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 16, 1042 - (Continued)
Table
I.
-
Securities Issued by the United States Government
PART B - TREASURE BILLS
Amount
outstanding
(Millions)
-
(Continued)
to
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
March 16, 1942 - (Continued)
Table III.
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
PART A
-
ISSUES OF FEDERAL INTERMEDIATE CREDIT BANKS
!
H-l
.
..
.
»tt
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent)
Partially
taxexempt
Treasury
bonde X]
Taxable
Treasury
bonds Z]
Partially
HighTaxable
taxgrade
Treasury
exempt
corporate
Treasury bonde 2/
bonde 1/
bonde l)
Highgrade
corporate
bonde 2/
Partially
taxexempt
Treaeury
bonde 1/
Date
HighTaxable
grade
Treaenry
bonde £/ corporate
bonde J/
Monthly Sarlee U/
I93I+- Jan
U.26
19Uo-Jan..
Peb..
Max..
2.30
2.12
2.25
2.81
2.79
2.77
3.36
3.31
Apr..
May..
June.
2.25
2.38
2.39
2.7"
2.87
2.93
2.72
2.72
2.77
3.27
3.25
3.26
July.
Aug..
Sept.
2.28
2.25
2.18
2.85
2.80
2.71
3.26
3.22
3.17
Oct..
Hot..
Dec.
2.76
2.71
2.67
Dec.
2.10
1.97
1.89
2.70
2.65
2.59
1938-Jan..
Peb..
Mar..
3.17
3.15
3.16
19Ul-Jan.
Peb..
Mar..
1.99
2.10
2.01
2.57
2i6U
2.6U
Apr.
May..
June.
2.62
2.51
2.52
3.25
3.1»
3.15
Apr..
May..
June.
1.96
1.92
1.91
2.76
2.75
2.70
July.
Aug..
Sept.
2.52
2.51
2.58
3.12
3.10
3.12
July.
Aug..
Sept.
1.90
2.66
1.9"t
2.6!
3.06
3.oU
3.02
Oct..
Hot..
Dec.
1.88
1.85
1.96
2.23
2.22
2.37
2.61
2.57
2.68
19U2-Jan..
Peb..
2.01
2.09
2.37
2.39
2.76
2.80
2.00
1.97
2.01
2.03
2.05
2.39
2.38
2.38
2.36
2-37
2.70
2.73
2.76
2.79
2.80
2.06
2.10
2.10
2.10
2.38
2.38
2-39
2.79
2.78
2.81
2.81
2.02
2.02
2.36
2.36
2.79
2.81
2.07
2.07
2.05
2.0U
2.03
2.02
2.38
2.38
2.38
2.38
2.37
2.36
2.81
2.81
2.81
2.79
2.79
2.79
13.
lU.
2.02
2.02
2.02
2.03
2.03
2.02
2.36
2.36
2.36
2.36
2.36
2.36
2.79
2.79
2.79
2.80
2.80
2.81
16.
2.02
2.36
2.81
2.1*7
3.0?
2.U6
2.60
3.2ft
U..07
1937-Jan.
Peb..
Mar..
Feb
Mar
3.50
3.32
3.20
Apr
May
June ....
3.11
3.02
2.98
>t.
00
3.91*
3.88
Apr..
May..
June.
2.80
2.76
2.76
3."*3
July
Aug
Sept....
2.92
3.03
3.20
3.83
3.87
3.89
July.
Aug..
Sept.
Oct
Hot
Dee
3.10
3.07
3.01
3.8>i
Oct..
Hot..
1935- J«n
Feb
Mar
2.88
2.79
2.77
3.60
3.52
z.lk
2.72
2.72
3.t7
Apr
May
June....
July....
Aug
U.llt
3.78
3.68
3.1*9
3. Us
J.*3
3.36
2.69
3.35
2.76
2.85
3.»rt
Hot
Dec
2.85
2.83
2.83
3.t6
3.tl
3.39
Oct..
Hot..
2.U8
2.50
Dec.
2.1+9
1936- Jan
Peb
Mar
2.80
2.77
2.71
3.32
3.26
1939-Jan..
Peb..
Mar..
2.1t7
2.3"t
2.96
2.90
2.87
2.68
2.66
2.66
3.2>t
Apr..
May..
June.
2.30
2.17
2.13
2.92
2.86
2.78
2.65
2.61
2.60
July.
Aug..
Sept.
2.65
2.76
2.79
3.29
Oct
Hot
Dec
2.62
2.53
2.51
3.18
3.18
3.15
3.1U
3.11
3.07
2.16
Aug
Sept....
2.60
2.U6
2.35
3.11
2.93
2.86
19ltl-S«pt. 6.
1.92
2.6U
13-
20.
1.96
l.$k
2.65
2.6U
27-
1.92
2.6U
Sept....
Oct
Apr
May
June
July.
. .
3.U7
3.22
3.19
2.1tlt
2.21
Oct..
Hot.
.
Dec.
2.71
2.73
£
1.9>t
Weekly Serlee - Saturday Figures 5/
Oct.
W.
1.89
18.
1.90
25.
1.83
1.82
15....
2.20
2.20
2.22
2.58
1.83
1.85
22
1.85
2.22
2.57
29....
1.86
2.2U
2.58
6....
1.87
2.60
13....
1.97
2.30
2.U0
20
1.97
2.73
27....
2.05
2.38
2»U2
19lt2- Jan.
2.61
2.61
2.22
2.60
3-
10.
17.
2U.
2.57
2.56
31Peb.
2.62
1.92
U.
igUl-Ho
7.
Ik.
21.
28.
2.69
7.
lit.
2-75
2. "to
Dally Serlee
19"t2-Peb.
i.
2.0U
3.
2.0>*
It,
I
7.
9.
10,
11,
2.05
2.05
2.06
2.06
2.06
2.08
2.09
2.1*0
2.78
2.76
2.78
2.78
2.78
2.38
2. UO
12
13
2.ir
y
2.UT
lU,
2.10
2.1*0
V
1942-Peb. 16.
17.
18.
19.
20.
21.
2.36
2.36
2.38
2.37
2.38
2.38
23.
ait.
2526.
2728.
(1) Treaeury bond ylelde are computed
Baele of Computation:
on the baele of the mean of bid and ask quotations
in the over-the-counter market, beginning September 2,
19UI; prerlouely, cloelng prices on the Hew Tork Stock
Exchange were ueed on daye whan salee took place on the
Exchange In a particular Issue and the mean of cloelng
bid and ask quotations on the Hew Tork Stock Exchange
on daye when no Bales took place.
(2) Corporate bond
ylelde are computed on the baele of cloelng prices on
the Hew Tork Stock Exchange and the Hew Tork Curb Exchange; on daye when an Issue does not sell, the price
of the last preceding sale la used.
Back Figures:
See "Treasury Bulletin" for July
21-26, and subsequent Issues.
191*1.
pagee
2.11
2.13
2. lit
2.12
2.11
2.10
2.
3-
2.UO
2.M0
2.38
2.38
1*.
6/
2.10
2.10
2.10
2.10
2.10
19U2-Mar.
2.U0
2.1+1
i:
7.
6/
2.3 f/
2.38
2.38
2.39
2.39
2.81
2.81
2.81
2.81
2.81
9.
10.
11.
12.
Average of partially tax-exempt Treaeury bonde neither due nor callable for twelve years. Partially tax-exempt bonds are those the Interest on which le exempt from the normal rates of the Federal Income
tax.
(In addition, Interest derived from $5,000 aggregate principal
amount of partially tax-exempt Treasury bonde and United States savings bonds is exempt from the surtax rates of the Federal income tax.)
Average of taxable Treasury bonde neither due nor callable for twelve
years. Taxable bonds are those the Interest on which is subject to
both the normal and surtax ratee of the Federal Income tax. This
average commenced October 20, 191*1 •
Average of 9 bonds, January 6, 1933 through December 6, 1935: aTerege
of 15 bonde, December 7, 1935 through July 31, 1937; average of 20
bonds, August 1, 1937 through September 13, 1938; average of 5 bonds,
September lU, 1938 to date.
Monthly averages of dally figures except for corporate bonds January
1933 through March 1938. when aTerages of Saturdays are used.
On days when the exchanges are dosed, the date and prices of the
previous day are ueed.
Holiday.
>3
CO
Q
z
O
CO
UJ
!<
O
0.
o
u
-Jcr>
CO
<
UJ
«
5
Js
6
CO
a:
%
§
LlJ
<
o
z
—
<*>
g»
Ll_
s
o
*
CD
Q
_i
UJ
>
3
a:
LLl
3
s
GOVERNMENTAL CORPORATIONS AND CREDIT
AGENCIES OF THE UNITED STATES
-W-
»
8
"5
Assets and Liabilities of Governmental Corporations and Credit Agencies
January 31, 1042
(Ii millions of dollar*)
Intei-agucey aiseti
IiiTflttaaats
Total
loans
Preferred
capital
stock
Cash
1/
U.
8.
jLocounti
tata aad
had other
OoT*ra-
wnt
••eurltlaa
ate.
Sacuritlei
reoelT-
ttad
•r
other
bialaeti
preparty
tJBlted
State.
199.6
1.257.4
22.6
111.4
239.5
15.5
tlectrlc Home and Tarn Authority
Export- Iaport Bank of Washington
Farm Credit Administration
15.4
1«9.5
2*0.5
15.1
139.7
269.
Farm Security Administration
.
Federal Crop Insurance Corporation......
Federal Deposit Insurance Corporation...
•52.9
27.0
613.7
397.6
1,446.9
302.4
100.9
590.2
206.1
Banks for cooperatives
Commodity Credit Corporation.
Dlaaater Loan Corporation
Federal Farm Mortgage Corporation. ....
Federal borne loan banks...
Federal Bousing Administration.
•.
.•
•
Federal intermediate credit banks
Federal land banks 5_/
Federal Rational Mortgage Association...
Federal Prison Industries, Incorporated.
Federal Savings and Loan Insurance
Corporation
••
Home Owners' Loan Corporation...........
13.4
1.0
48.2
3U2.lt
238.2
2,228.1 1.752.7
209.6
215.3
133.5
2.5*0.1 1.758.2
.1
2.1
17.5
482.2
31.4
14.1
37.1
31.3
33.0
16.8
1.8
53.9
39.2
37.0
51.3
36.0
169.7
Panama Railroad Company 6/
Production credit corporations..........
Public Works Administration..
•••.
57.»
126.6
86.7
8b. 7
Tennessee Valley Associated
Cooperatives, inc. 6/
United States Bousing Authority
United States Maritime Commission
534.5
919.4
Other Governmental agencies
dross total
9_/
,
*
8.4
U.5
99.6
.7
17.1 8/
3.7
2.7
12.1
113.
52.8
8.3
17.5
.5
22.8
.6
10.5
28.7
.1
4.8
48.9
.S
L
3».o
8.8
.2
9.6
1.3
29.1
11.0
2.1
167.0
4.0
5.8
e
59.0
1.0
1.8
5.9
1.6
7.8
5.2
2.7
286.2
.1
.4
19.8
17.9
•
.6
.3
41.1
Zt'.l
.1
798.7
3.2
1.260.7
8/
.3
354.7
1.6
52.0
e
.3
2.2
6.8
.8
n.i
458.1
1.0
.1
127.4
80.2
10.0
745.7
.3
•
War emergency corporations and agencies
(in liquidation)!
Havy Department (sale of surplus war
supplies)
•
Secretary of the Treasury
(U. S. Railroad Administration)...
United States Housing Corporation,.,
United Statee Spruce Production
Corporat Ion
9.2
71.0
327.2
481.2
761.1
!5»!7
.7
85.1
335.0
.1
3.7
.1
4.8
74ol5lJ
210.5
.1
,U
22.6
agendas
49.2
2.8
54.8
1.2
398.0
assets
.2
.5
25.1
2.8
901.U
4.2
7.3
3.590.0 1.417.4
.1
.4
65!4
6.9
23.2
173.1
Othatr
aatal
eorporatloaa aad
y
4o.O
2.6
11.9
RFC Mortgage Company
Rural electrification Administration....
Tennessee Valley Authority
2.5
Capital
etoek la
GoTara-
27.3
Inland Waterways Corporation 6/. ........
Interior Department (Indian loans)
National defenee corporations J/,. ......
Puerto Rico Reconstruction
Admlnlst rat Ion,
•
Reconstruction Finance Corporation......
agricultural
credit
Regional
corporations.... ............•.•,,.•••
30.5
Due f ro»
0©TBTBaental
corporatloBB and
agencies
7.1
388.1
28.6
7.2
33.5
4.4
21.4
3.1
3.4
.1
1.2
1.9
.3
2.051.8
27.2
19.656.1 8.387.8
Adjustment to eliminate interagency
....•
lntereste.
,
-3.987.1
let total
15,668.7 8,3*7.8
593.6
593.6
27.6
1.978.7
21.3
559.8
559.8
915.2
915.2
(Continued on next page)
111.6
111.6
968.2
968.2
603.9
603.9
750.8
750.
3.532.7
454.7
•3.532.7
-454.7
2.777.8
2 ,777."
»
1*6
Assets and Liabilities of Governmental Corporations and Credit Agencies
January 31, 1042 - (Continued)
(Is millloH of dollar*)
Proprietary lntoroot
Liabilities
Oened by United Statoo 10/
Llabllltlss
Dm
toot by
United
Statoo
( includes
accrued
Interest)
total
Banks for cooperatives.
Commodity Crodlt Corporation.
Disaster loan Corporation....
Hoc trie
Bob* and Tare authority..
Bank of Washington..
Tars Crodlt administration
13.8
220.5
.5
129. U
13.0
1U.0
8.2
32M
2<t.S
1.3*6.9
federal intermediate credit hank*
federal land hank* £/
federal Rational Mortgage Association..
256.2
1.T90.1
lyU.2
Inland Waterway* Corporation 6/....
Interior Department (Indian loans),
national defense corporation* Jj...
Railroad Company 6/
Production credit corporation*.
Public fork* Administration....
Puerto Rico Reconstruction
Administration.....
Rscons tract Ion finance Corporation..
Regional agricultural credit
corporations
..•••••••
968.3
U5.3
25.9
20.5
29.1
193.2
115.*
5.2
115.3
5.3
319.1
1.9
112.7
l.fc
220.0
189.1
60.0
100.0
124.7
75.0
100.0
124.7
225.2
21.1
86.3
212.8
21.1
60.0
67.5
10.0
11.3
11.3
7.1
131.7
97.*
131.7
97.*
100.0
31.7
200.0 .102.6
24.1
2.8
34.8
24.1
2.8
3*.S
12.0
30.0
4.8
5>».6
7.0
120.0
U7.6
.3
5*.6
126.2
86.7
125.0
572.6
-l
7 "?
572.6
.5
22.0
22.0
5.0
17.0
*
25.5
123.6
401.2
25.0
.5
•A.3
772.2
.3
w.o
S6.3
u 38.0
7
236.3 £| 1.135.6
23.6
.2
59
211
80.0
Tennessee Talloy Associated
CooperatlTos, Inc. 6/
sseeeee
United State* Housing Authority....
United State* Maritime Commission..
395.0
537.1
323.5
14.0
150.0
126.2
86.7
1U.0
150.0
325.0
247.6 8/
.3
.3
.3
.1)
273.2
6.t
38.7
139.5
382.3
139.5
382.3
138.5
>»98.5
3."»
.1
.1
1.9
1.9
3H.1
-32.2
.2
.3
.3
.1
Other SoTemmental agencies %J.
237.6
1.817.1
1,817.1
21.3
Ore** total. ••••.••••. .»••*•••.
13.512.6
6.143.5
*32.1 5.711.1
1.847.5
Adjustment to eliminate Interagency
Interests
-3.532.7
-454.7
-454.7
-*53.7
5,688.8
1*32. h 5.256. h
1.393.8
5/
6.2
3.5
.a
B
12.1
57.0
237.6
if
11.1
19.5
.2
let total..
26.3
lU5.it
25.5
123.6
401.2
56.5
211.
3.0
115.0
.6
l4.1
62.4
9H.3
l. k 96.9
.9
100.0
187.1
75.0
866.6
3.0l7. h
175.0
52.U
.3
.1
1.4
189.1
60.0
21.6
-1.6
139.3
.7
2.5
141.0
100.0
24.0
323.5
1.0
2.8
162.6
101.3
22.4
289.3
33.6
2.1.26.1.
5.6
M
1.8
22.6
l.S
2."W2.7
Surplus
299.6
.7
1.0
105.0
168.2
101.3
22.U
.2
.1
1.7W».S
89.2
Capital
•toot
Total
Other
.6
BfC Mortgage Company....
Rural electrification Administration.
tonnes see Taller Authority
War emsrgency corporations and ageneles
(In liquidation)!
Wary Department (sals of surplus «ar
supplies).....
Secretary of the treasury
(U. 8. Railroad Administration)....
United State* Bousing Corporation...,
United State* Spruce Production
Corpo ration*. •••••
si
(total
Prlproprietary Tately
latoroot)
OWBOd
."*
federal Term Mortgage Corporation.
Federal hone loan bank*...........
Federal Housing Administration....
federal Prison Industries, Incorporated,
federal Seringa end Loan Insurance
Corpo rat ion. •••••••••••••••».. . ...••••
name Owner*' Lean Corporation.
treaeury
lM.O
Facport- Import
Farm Security administration.
federal Crop Insurance Corporation....
Federal Deposit Insurancs Corporation.
OoTommental
eozporatlomo and
agencies
.4
1U6.O
.2
70>t.l
to
Hot
guaranteed by
United
Statoo
.2
31.*
1.156.0
axeooo of
aoooto
9.979.9
5.731.1
3.30&.0
1.978.1
1.55M
91*. 8
-1.978.1 -l.55>».5
5.731.1
9"*.8
3.30*.o
Sally treasury Statements.
Less than $50,000.
Ixclud** unexpended Balance* of appropriated funds.
Includes deposits with the Reconstruction finance Corporation
and interest thereon.
Include* paid-in surplus.
Represents chiefly commodity loans and underlying security taken
oyer from lending agenelee pursuant to guaranty purchase egreemento. Alio Includes oommodltlss acquired through direct purchases from producers and ethers.
Include* the aasets and liabilities of the federal Lend Banks of
Lsulrrlll* and Houston which hare retired stock end paid-in surplus prexiously held by the federal So Torment.
6/
597.8
596.8
figures shove are aa of December 31, 194l| flguree for January 31.
2/
are not aTallablo.
Comprises Defense Homes Corporation, Defence Plant Corporation,
Defence Supplies Corporation, Retail Reserve Company, and Rubber
8/
Reserre Company.
Adjusted for Interagency items and Items 1* transit.
Comprises treasury Department and other OoTommental agencies not
19>I2
2/
10/
listed in thle statement.
Includes the Interest of the United State* represented by obligation*
held by the treasury.
*7
Sources of Funds of Certain Governmental Corporations and Credit Agencies
for the First 7 Months, Fiscal Year 1042
Corporation or agency
«w
Usee of Funds of Certain Governmental Corporations and Credit Agencies
for the First 7 Months, Fiscal Year 1942
Corporation or agency
*9
Sources of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through January 31, 1942
Corporation or agency
50
Usee of Funds of Certain Governmental Corporations and Credit Agencies
from Inception of Organization through January 31, 1942
Corporation or agency
.
.
'
51
Principal of Outstanding Interest-Bearing Obligations Guaranteed by the United States^
(In million* of dollar*)
lad of fiscal
year or month
w»
Total
unmatured
obligations
outstanding
Commodity
Credit
Corporation
notes
680.7
4, 122.7
1935
1936
1937
193«
1939
i9«o
1941
4,718.0
4,664.6
4.852.7
5.450.0
5.497.6
6.359.6
206.2
206.2
406.8
696.3
901.1
904.6
April.
May...
June..
,
Federal Tarn
Mortgage
Corporation
bonds
Federal
Houb leg
idnlnlstratlon
debentures
311.6
1.225.6
1.422.2
1.422.2
1.U09.8
1.379.4
1. 269.U
.1
.6
2.6
Home Owners
loan Corporation bonds
2.647!
3,044,
2.987,
2.937,
2.927,
2.603,
Beconst ruction
Finance
Corporation
notes
United State*
Housing
Authority
notes
234. >
249..8
2.408.9
251.6
255.2
298.9
819.7
6.4
1,096
1,741
114.2
114.2
226.3
1.269.1*
7 -?
17.4
696.3
696.3
1.269.1*
1.269.1*
12.6
16.0
2.599.8
2.599.8
1,096.9
1,097.0
226.3
226.3
5*9.6
359.2
359.6
696.3
696.3
696.3
1.269.1*
1.269.4
1,269.4
16.6
17.1
17.4
2.599.8
2,408.9
2,408.9
1.741.3
1.741.3
1.741.4
226.3
226.3
226.3
July
August....
September.
929.6
928.2
928.9
907.0
905.3
905.3
1,269.4
1.269.4
1.269.4
16.7
16.9
17.6
2,1*08.9
2,408.9
2.408.9
2,101.4
2.101.5
2.101.5
226.3
226.3
226.3
October.
VoTsmber..
Dec saber.
929.5
316.1
316.6
905.3
701.1
701.1
1.269.4
1.269.4
1,269.4
18.2
20.9
21.5
2.408.9
2,408.9
2,408.9
2.101.5
1,801.6
1,801.6
226.3
114.2
114.2
1942- January...
february..
672.8
673.2
701.1
701.1
937.0
937.1
20.2
20.4
2.408.9
2,408.9
1.491.5
1,491.5
114.2
114.2
,
194l-?ebruary.
March. . .
.
Source:
1/
Dally Treasury Statements.
Excludes obligations soli directly to the Treasury.
Market Financing Operations Conducted by the Treasury for Agencies Issuing
Securities Guaranteed by the United States
(In millions of dollars)
INTERNAL
REVENUE
-52-
STATISTICS
.
.
..
53
Summary of Internal Revenue Collections^
(In thousands of dollars)
employment taxes
Income and profits taxes
Social Security taxes 4/
Miscellaneous
profits
t*x»e3_/
Corporation,
Income and
excess
profits 2/
fiscal year
or aonth
1929
1930
1931
1932
2. 939. 054
3.040.l46
2,428.229
1.557.729
2.331. 274
2.410,259
l.S6o,04o
1.056.757
1.095.541
1.146.845
833.648
427,191
1,235.733
1.263,4i4
1,026,392
629,566
1933
193*
1935
1936
1.619.839
2.672.239
3,281.792
3.*9*.330
746.791
819. 656
1,105,788
1,427,445
352.573
419,509
527.113
674,416
394,218
397.516
1937
193«
1939
19*0
19U1
4,634,308
5.643.834
5.162.355
5.322,768
7.351.531
2.179.828
2.629,016
2,185.105
2,129,606
3,471,121
1,091,741
1,286,312
1,028,834
1941-february.
March....
483.014
l,470.s6o
Total
federal
federal
Insurance
Unemployment
Contributions
Tax Act
let (Old-age (Unemployment
Insurance)
Insurance)
Carriers'
Taxing Act
of 1937
738,520
2.631
6.560
14.509
48
1.U17.655
1,056,909
1.299.918
1.122,531
1.120,579
2,016,295
31.178
42,786
33,740
27,010
37.171
265,745
742,660
740,429
833.521
925.856
207.339
502,917
529.835
605.350
687.327
58.119
90,267
101,167
106,123
100,658
287
149,476
109.427
122,048
137.871
122,025
1,186,951
84,052
569.203
35.899
611,397
2,074
6.351
156,146
16,135
94.705
2,145
40,237
1.326
21.204
12.664
3.313
2,321
4,017
88.766
137. *14
12.597
83.000
105,884
3.158
3.889
6.148
806
1.877
25,382
8,633
727
572.U5
982,017,
18.622
21.195
48
April....
Mmy
June
1.
412.881
538.827
110.083
74.149
1?5.*97
847,814
3U.899
July
August . .
September
459.567
472,311
1.051,580
80.573
58.398
776.725
2.21?
2.084
7.127
IOO.065
138.516
16.75*
95.612
109,268
3.204
3.726
5.761
277.383
888
23.*f7
12,662
October..
lOTember
December.
588.533
571.624
1.138,288
72 55
65
768.971
13.352
15.26?
248,444
1.294
1.134
6.368
106,308
145.249
17.746
101,689
114,437
3.385
3.831
5.189
723
788
25,623
13.638
642.271
85S.750
142,618
337.101
56.72*
229.353
2.529
2,100
129,504
198,900
97,010
1*,331
30.851
53. 55*
1,643
21.015
19 1*2- January
.
February.
5.8
Miscellaneous Internal revenue
fiscal year
or month
Capital
stock
tax
latate
and
«1«
taxes
Alcoholic
beverage
taxes
500.786
57.578
66,580
43.133
68,990
2*7.751
390.038
3*2.275
379.540
S7.*96
147,156
91,052
76,172
593.831
567,670
587.605
624,064
819. 869
551.923
567.777
579.784
608,072
697.712
69.919
46.233
41,083
38,681
39.057
449,854
416.75*
3?6.891
447,088
617.35*
117,501
143,540
148.926
206.851
32.*77
67.99*
53.040
61.702
5f.539
56.672
3.532
3.097
48.471
57.185
14,626
20.709
187
250
250
49,720
29.174
30.599
66.124
79.**3
80,952
§8.044
64,586
66.446
3.519
3.307
3.378
§4,218
67.370
51.391
18. 154
278,949
275.397
258,101
11.803
3.797
5,084
29,980
22.636
20,840
86.333
85,847
86.727
66.327
64,044
67.760
3.064
3.975
3.794
63.743
72.524
5*.328
17.69?
22.57*
19.568
409,470
360,775
351.571
130.148
76,103
50.235
32.632
31.408
23.587
91.516
90.246
93.056
71.304
62.156
58.302
3.563
3.239
3.873
60,219
72.015
92.750
20,088
25.608
29.768
370.149
323.749
2.723
616
36.957
35.684
100,623
77.653
69. 581
5.328
3.222
102,518
80,900
§2.419
66,068
34.310
113.138
212,112
378,840
43,174
258.911
410,926
505.2*3
402.739
425,169
305. 5*8
127.203
132.739
166,653
416,874
360,715
360,071
407,058
204.841
267.774
415
June..
249,966
265,916
249,672
July
August....
September.
October..
lOTember..
December .
873.048
1,481,160
1.649,782
2,004,514
1937.
1938.
1939.
1940.
1941.
2.188,735
2.272,158
2,236,821
2.359.641
2.954. 55*
1942- January. .
February.
Souroei
1/
Si
80,168
91,508
94,943
137. 4?9
139. 3*9
Reports of collections.
Xxcludes collections for credit to oertaln trust accounts for territories and Insular possessions, eto.
(exoept for the fiscal years 1929 through 1934, vhon
the/ aggregated less than $1 million a ymar).
Excess profits tax imposed under the Seoond Revenue
Act of I940, aa emended.
11,695
10,432
8,704
3_/
4/
§/
"•58.776
59.606
ad Jus tmeat
taxes
57
3*. 322
1933.
193*.
1935.
1936.
May-
Agricultural
Miscellaneous
taxes
166
344
138
12. 777
607.780
629.887
568,189
500.972
April.
Stamp
taxes
434.445
*50.339
444,277
398,579
61.897
64.770
48,078
47,422
19291930.
1931.
1932.
1941-february.
March....
Manufacturers and
retailers'
excise
taxes
'
Tobacco
taxes
25.010
18,310
14,026
371.423
526,222
62.323
80, 161
a, 786
16,656
Conelets of the declared value exceee profits tax, the profit
limiting provisions of the Tlneon Act, and the tax on unjust
enrichment.
for the period prior to September 1939 the data In the oolumna
entitled federal Insurance Contributions Act and federal Unemployment Tax Act represent collections under Titles VIII
and IX, reepectlvely, of the Social Security Act.
Inoludes tax collections under the Sugar Act of 1937 and under
the dividends tax Imposed by the Aot of June l6, 1933.
5*
COLLECTIONS OF INTERNAL REVENUE
Fiscal Years 1929 to 1941
1929
30
'32
'31
'33
By
First
'34
'35
'36
Principal
'37
8 Months
'38
'39
Fiscal Year 1942
'40
'42
'41
Sources
DOLLARS
DOLLARS
Billions
Individual
Billions
Estate and Gift
Income
-lillllil
'33
Alcohol
35
'37
39
'37
'39
1
I
ill
UUlllI
'33
35
1.2
Manufacturers' and
_
Retailers' Excises
.
Will
'35
'37
'39
'41
1
1.2
Other Miscellaneous
Internal
1929
'31
'33
'35
37
'39
'41
* Includes
929
'31
miscal/oneous profits taxes
Revenue _
'37
'39
41
)
)
.
55
Detailed Analysis of Current Internal Revenue Collections!/
(In thousands of dollars)
First 8 months
first S months
February
19U2
Sources of revenue
Income and profits taxes:
Individual
Current
Back
Corporation
Current
Back
210. 128
1*28,028
19.225
68,708
25,163
567
205 618
1.823
12,917
1.635
21,09"
2
Employment taxes:
Social Security taxes:
Federal Insurance Contributions Act
(Old-age insurance)
Federal Unemployment Tax Act (Unemploy
ment Insurance)
Total Social Security taxes
1
Taxing Act of 1937
Total employment taxes
Miscellaneous Internal revenue:
Capital stock tax
Istats tax
01ft tax
Alcoholic beverage taxes:
Distilled spirits (imported, excise)...
Distilled spirits (domestic, excise)...
Distilled spirits rectification tax
Wines, cordials, etc. (imported, excise)
Wines, cordials, etc. (domestic, excise)
Brandy used for fortifying sweet wines
(Repealed as of July 1, 19"0)
Dealers In distilled spirits; rectifiers; manufacturers of stills
taxes
( special
Stamps for distilled spirits Intended
for export
Case stamps for distilled spirits
bottled In bond
Container stamps
Floor taxes
Fermented malt liquors
Brewers; dealers In malt liquors
( special taxes)
Total alcoholic beverage taxes.
Tobacco taxes:
Cigars (large)
Cigars ( small
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and smoking).
Cigarette papers and tubes.
leaf dealer penalties, etc
Cigarette floor taxes
.
Total tobacco taxes.
.
3.729
12". 331
"93,1"1
6U8.937
53.55"
88.U89
10". 523
177.885
581,630
753. "60
21.015
89.315
99.582
198,900
670. 9*5
853.0US
616
165,551
280,510
30,595
220,673
222,261*
5.089
8,897
11.U60
2,097
"5,?"2
l."73
19
2,27"
23
68
21.1*93
252,085
8,9lU
286
6.722
893
5.729
2U.991
369.785
11,825
250
15,591
1.236
5.502
82
68"
9"»6
6,1*36
1.933
22.762
25.127
200,252
778
7,809
35.097
236,381
3.033
2.756
531, 65"
712.002
1,008
8,635
9.512
8
77
72
11
1
8
5U.0U2
58"
3.813
396.513
4,50"
36.750
150
59,606
1,022
2
8,473
2.738
36
3.222
25.756
3,758
28,675
23.847
225.987
31.201
3>*6
91*7
Manufacturers' and retallere'
Lubricating oils
Oasollne
Tires and tubes...,
Floor taxes on tires and tubes
Automobile trucks and buses
Other automobiles and motorcycles
Parts and accessories for automobiles....
Electrical energy
Electric, gas, and oil appliances
Ilectrle light bulbs and tubes
Electric signs
Radio Bets, phonographs, components, etc
Phonograph records
Musical Instruments
Mechanical refrigerators, alrcondltioners, etc
Matches
Floor taxes on matches
Business and store machines
Furs - retailers' excise
.Jewelry - retailers' excise
Luggage
Optical equipment
Photographic apparatus
Rubber articles
Sporting goods
Toilet preparations - retailers' sxclse.
Washing machines
Firearms, shells and cartridges
Pistols and revolvers
Repealed taxes not listed above
2,1*51
62
2,579
7.7U6
2.597
4,300
2.336
6,229
42,919
8,132
30,387
1*7"*
9
2,679
4,836
lUl
361
1.60H
636
5. "15
61
609
3.781
6,284
161
78
.
1
77.653
14. 509
excise taxes:
1,226,711 2,302,7'W
337,101
Total Income and profits taxes
Total stamp taxes.
1.652
32
6,618
Unjust enrichment
Carriers
,
Fiscal
year
1941
19"*2
Stamp taxes:
Bonds, Issues of capital stocks, deeds
of conveyance, etc
Transfers of capital stock and similar
interest eales
Playing cards
Silver bullion sales or transfers
Repealed taxes not listed above
791,686
85,077
600,738 1.037.701
157,803
107,500
"8.259
32.226
Excess profits tax (Second Revenue Act
of 1940 as amended)
Miscellaneous profits taxes
Declared value
Vinson Act
Fiscal
year
19"2
Fiscal
year
19U1
February
Sources of revenue
l»68.15lt
It, 850
35,157
1.317
3
3
4.527
5
U51.96U
519. 081
Total manufacturers' and retailers'
excise taxes
Miscellaneous taxes:
Bituminous Coal Act of 1937
Sugar Act of 1937
Tslephone, telegraph, radio and cable,
leaeed wires, etc
Local telephone service
Transportation of oil by pipe line
Transportation of persons, seats,
berths, etc. (effective lO/loAl)
Uee of motor vehicles (effective 2/lA2)
Use of boats (effective 2/lA2)
Leases of safe-depoelt boxes
Admissions to theaters, concerts,
cabarets etc
Club dues and Initiation feee
Bowling alleys, pool tables, etc
Coin operated devices
Adulterated and processed or renovated
butter, mixed flour and filled cheese.
Oleomargarine, including special taxes..
Sarcotlcs. including marihuana and
special taxes
Coconut and other vegetable oils
processed
national Flrerarme Act
All other. Including repealed taxes
not listed above
,
Total miscellaneous taxes
Total miscellaneous Internal revenue.
Total Internal revenue.
2,403
"65
3.537
38
3.U66
51
U.659
80.900
387.190
1*1*3
2.964
45.874
104
9
5.577
3,110
2.126
1.385
17.02U
7.894
2,140
39,371
41
511
l."56
9.769
45.39"
",179
611
38
159
4
97
23
1.536
"3
330
642
2.838
6
22
66.068
323.749
859.750
CUSTOMS
STATISTICS
56-
:
.
57
Commodities Imported Under Quota Provisions
Table 1.- Products of Philippine Islands
Commodity
Buttons of pearl or shell
Coconut oil
Cordage
Sugars:
Eef lned
Other than refined
Tobacco
Cigars
Scrap tobacco and stemmed and unstemmed filler
tobacco
Source:
1/
Unit of
quantity
Quota period
Imports
through
Established
quota \J
Feb.
Calendar year
Calendar year
Calendar year
Gross
650,000
Found
Pound
1*1*8,000,000
Calendar year
Calendar year
Found
Found
112,000,000 2/
1,792.000,000 2/
Calendar year
Calendar year
Reports of Collectors of Customs.
Quota pursuant to the act of December 22, I9U1, Public
So. 367, 77th Congress.
Pound
28,
191*2
29,778
11.026,853
192.525
6,000,000
2,338.902
26.239.6U6
200,000,000
519.581
000
103,850
U, 500,
2/ The duty-free quota on Philippine sugars applies to 850,000 long
tons, of which not more than 50,000 long tons may be refined
sugars.
Table 2.- Imports of Cotton and Cotton Waste
Quota period:
Tear beginning September 20, 19U1
(In pounds)
Cotton 1/
Staple length less
than 1-1/8 Inches
Country
Cotton waBte 2/
Staple length
1-1/6 inches to
1-11/16 Inches
Total cotton waste
Imports
Impo'. te
Restricted
cotton waste
(included In total) J/
Imports
Imports
Established
Established
Established
Established
through
through
through
through
quota
quota
quota
quo ta
Feb. 26, 191*2
Feb. 28, 19U2
Feb. 28, 19U2
Feb. 28, 19U2
Europe:
Belgium
France
Germany
Italy
Ne therl and s
Svi tzerland
Union of Soviet Socialist
Republics
United Kingdom
North and Central America:
Barbados
Canada
Cuba
Haiti
Honduras
Mexico
Other British Vest Indies
12.853
75.807
38,559
1
227.1*20
,
76.329
21.263
25.1*1*3
68,21*0
22.71*7
1>*.796
7,088
l*l»,368
U75.12
1*
1
*.323. 1»57
l»3l*
239.690
231.615
l.Ulti.152
U3I1
1,599,686
1*31*
12, 551*
6.5W
506
237
752
U/
South America:
Argentina
Braill..,
Colombia
Ecuador
Paraguay
Peru
8,883,259
21,321
5.203
618.723
12U
9.333
871
21*7,952
6.883,259
30.139
203
>*35
616, 723
3,606
9.333
21*7.952
2.056.299
2.056,299
Asia:
British India
China
Iraq
Japan
Netherlands lest Indies
Africa:
Algeria and Tunisia
British East Africa
Egypt and the Anglo-Egyptian
Sudan 5_/
Nigeria
Other British West Africa 6/
Other French Africa jj
Total
2,003,1*83
6U. 9U2
1.370,791
195
2.626
1/
2/
69,627
31*1.535
71.388
1,631*
2,2>*0
783,816
5.377
29.909
30
566
22.756.969
8.135
?U, 813,309
5,1*82,509
>»3. l*51.
30
2,002
16, 00**
689
lU, 516,882
Source:
69.627
17.322
9.759.501
Reports of Collectors of Customs.
Cotton having a staple of lees than l-H/16 Inches
(other than harsh or rough cotton of less than 3/1+ Inch
In staple length and chiefly used In the manufacture of
blankets and blanketing, and other than llntere).
Cotton waste Includes comber, lap, silver, roving, and
cotton card strips, whether or not manufactured or
otherwise advanced In value.
1*5,656,1*20
301.676
2j In the case of the European countries, not more than 33-1/3 percent 01
ctoi
me total
of the
vufca± quotas ior
for conon
cotton waste may be
oe iiiiea
filled by
oy co
cotton waste other than card strips and comber wastes made from
cottons of I-3/16 Inches or more In staple length.
y. Other than Barbados, Bermuda, Jamaica, Trinidad, and Tobago.
5/ The quota for cotton waste applies only to Egypt.
6/ Other than Oold Coast and Nigeria.
2/ Other than Algeria, Tunisia, and Madagascar.
.
.
5*
Commodities Imported under Quota Provisions - (Continued)
Table 3.- Imports of Wheat and Wheat Flour
Quota period:
Tear beginning May 23, I9U1
Wheat flour 2/ (pounds)
Wheat (bushels) 1/
Country
Established
quota
Imports
through
Teh. 28.19U2
Established
quota
Europe:
100
Belgium
France
Germany
1,000
1,000
100
5,000
Greece
1,000
Hungary
13,000
Italy
100
2,000
Netherlands
100
1,000
Norway
1,000
Poland and Dantlg
1.000
Rumania
Sweden
Union of SoTlet Socialist Republics.
United Kingdom
100
75 .000
100
1,000
Yugoslavia
North and Central America:
795.000
Canada
795.000
Cuba
Guatemala
100
Mexico
100
Panama
South America:
Argentina.
2.000
100
Brazil
Chile
Uruguay.
.
China
Hong Kong.
Japan
100
Syria
Oceania:
Australia.
.
Hew Zealand.
Africa:
Canary Islands.
800,000
795,000
3
Imports
through
Teh. 28, 19U2
59
Commodities Imported under Quota Provisions
Table 4.- Other Commodities
Country
-
-
(Continued)
with Quotas Applicable to Specific Countries
THE
CAPITAL MOVEMENTS BETWEEN
UNITED STATES AND FOREIGN COUNTRIES
60-
6i
Summary Table
- Change in Short-Term Foreign Liabilities and Assets, as Reported
by Banks and Bankers in the United States During 1941
62
Summary Table
- Security Transactions Between the United States and Fore ign Countries, as Reported
by Banks, Bankers, Brokers and Dealers in the United States During 194lf
63
Net Capital Movement between the United States and Foreign Countries-!/
1935 through December 1941
[in thousands of dollars.
Capital inflow or capital outflow (-)j
6k
65
Short-Term Foreign Liabilities as Reported by Banks and Bankers
in the United States for December 1941
(In thousands of dollars)
Liabilities as of
following dates
66
Short-Term Foreign Liabilities as Reported by Banks and Bankers
In the United States for December 1941 - (Continued)
(In thousands of dollar*)
Liabilities as of
following dates
Argentina
Pi
Braill
10
17
24
31
SU.ou
77.935
73.743
75.725
U0,852
44.761
46,130
50,486
84.865
77.90U
73.702
75.719
40,840
44.749
46,105
50.472
82,984
75.81U
71,802
73.504
35,292
37.879
39.030
41.471
1.711
1.947
1.758
2.073
5.268
6.600
6.820
8.745
170
1U3
1U2
1U2
280
270
TOTAL LIABILITIES
PAYABLE IN DOLLABS:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Deposits for
foreign account:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Bills held for
foreign account:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Short-term United
States Government
obligations held for
foreign account:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Other liabilities
payable In dollars:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
TOTAL LIABILITIIS
PATABLI II FORJI JH
CORRHICIIS:
Dee.
Dec.
Dec.
Dec.
10
17
24
31
Borrowings from
foreign banks:
Dec.
Dec.
Dec.
Dec.
10
17
24
"1
Acceptances made
by foreign banks:
Dec.
Dec.
Dec.
Dec.
10
17
2U
31
Other liabilities
payable In foreign
currencies:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
46
Cuba
1 Canal
Zone
TOTAL SHORT -TIRM
FORJIOH LIABILITIES:
Dec.
Dec.
Dec.
Dec.
Chile
255
256
Other
Latin
America
Total
Latin
America
Hong
Song
Japan.
PhilipKorea and
pine
Manchuria Island*
Other
Asia
Total
Asia
all
other
67
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for December 1941
68
Short-Term Foreign Assets as Reported by Banks and Bankers
In the United States for December 1941 - (Continued)
(la thousands of dollars)
Assets as of
following dates
Panama
Argentina
4 Canal
Zone
Other
latin
Aaerlea
Total
Latin
China
America
Hong
Kong
Japan,
Xorea and
Manchuria
Philippine
Islands
Other
Asia
27,181
27.230
26,278
22,953
1U.S93
l".6l5
1",691
19. "58
1.25"
1.2"6
1.20"
1.179
20.995
21.173
20.908
20,905
791
790
752
7"2
1,058
1,115
1,033
1,0"1
238
239
227
219
19.5"7
19.5"6
19. "79
19. "79
27
155
26
27
225
217
225
218
390
512
391
27.110
27.035
26.216
22.889
13.639
13.369
13. "87
18.279
66,859
66,312
65,603
66,98"
16.138
16, 612
15.998
1U.120
5,979
5,506
5.886
10,63"
"",363
"",302
Ut.077
"6.9"1
2.8""
2.733
2.621
2.5"!
6.558
6.031
5.877
5.U1
",816
5.130
",980
5,10"
15.938
15.979
15.6"9
1",932
Total
Asia
TOTAL SHORT -TERM
•0REI3I ASSETS:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
17.090
16,210
17.063
16,813
WW
lU. 721
36,550
36.731
37,976
1U.603
1",571
1U.857
851
988
1.02S
1.332
8.060
8.1U7
8.075
8,07"
23
35,
9.281
10,885
11,102
11,310
3.081*
18,s6x
18,863
18,866
18,862
371
88
71
8=1
195
62
3,060
3.136
3,126
56.251*
11*2,835
57.53s
58.907
57.333
11*5,1*30
2U2
1U8.280
23,859
23.6U1
23.550
23.532
26
1*87
37
3P
51*6
9.823
10.246
19.211
19,202
1*1*1
586
10,11*7
19,11*8
1*05
31
5l>*
10,307
19.186
388
15
169
1*61
15
177
191
628
123
787
7,120
7.207
7,51"
7,569
2.329
2. "37
2.35 *
333
396
367
295
186
238
isu
1"5
1
2.1*22
11*8,
87,85" 10,121
9.636
86,511 9.8"6
87.889 9.66"
S7.!*85
TOTAL ASSETS PAYABLE
II FOREIOB CURRENCIES:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
61*
Banks own deposits
ahroad:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
Ul
160
217
"68
15
IS
61*2
189
258
15
IS
222
205
16
15
Deposits ahroad for
account of domestic
clients:
Dec. 10
Dec. 17
Dec. 2"
Dec. 31
651
653
652
70"
8,716
8.739
8.751
8,80"
8.025
S.OUo
8.0U2
8.OU2
19.171
19.171
19.116
19,121*
131
129
129
129
Other assets payable
in foreign
currencies:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
159
175
159
160
13"
11
3"
11*2
22
7
167
13 *
15
16
2.303
2.U00
2,32"
2.391
6
1
299
351
366
361
6"6
879
75 *
66
66
716
66
56.367
56.992
58.321
1*,6I*8
56. 819
133,012
135.18U
138,095
137.973
12,1*06
22,606
12.756
1U.76U
13.366
2". 373
20.305
20,530
19.385
19.810
90,101
90,281
91.772
92.302
66
1
385
TOTAL ASSETS PAYABLE
II DOLLARS:
Dec.
Dec.
Dec.
Dec.
16.239
15,222
16.035
15, "«1
27,380
28.U03
28,656
29,902
l",698
1U.S3U
IU.5UU
1U.830
9,238
10,822
11.068
11.276
6,787
6,811
10
3.9>»7
17
3.001
3.702
3.03U
U.U31
5.625
5,688
6.63"*
102
155
182
171
1,005
2.0U2
1,870
1.S06
715
786
726
83?
18
1.555
1,720
1.795
1.801
1.879
1,898
1,7"2
1.982
2,692
2. "59
2.1U3
1,998
",552
l.Wt
re
l»,96M
1.U15
1,689
1.738
50
y>
JO
7.955
S.oWt
6.872
6,813
10.737
10,501
10. 558
10.6U6
21,070
20,880
21,226
21.286
11,70"*
3.681
3,816
U.081*
",628
U.610
".73
",022
1*,70U
2.275
2.362
2.288
2.3"3
36,006
36,192
36,685
36. 6UO
10
17
2"
31
7.11*7
7.271*
2,689
2.695
2.721
2.696
18.773
IS. 77"
18.777
2,828
2,825
2.82U
2.616
1.91*3
1.881*
17. "75
17. "75
1,891
1.896
17.-78
17.-75
695
Wfi
182
160
177
2,156
1.987
1.953
itii
lllll
681
681
681
681
1,125
1,1""
1,133
1.119
56U
651
653
656
617
618
8.816
61s
618
8.?65
U.U39
1*.1*02
U.3U6
18,771*
Loans to foreign
hanks:
Dec.
Dec.
Dee.
Dec.
2U
31
I
6
26,938
25,861
AcceDtances made for
foreign hanks:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
5.iH*
5 kkg
1*70
1,331*
Other assets payable
In dollars:
Dec.
Dec.
Dec.
Dec.
10
17
2"
31
11.920
12,219
12.661
8.1*56
7.
"35
69
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers
in the United States for December 1941
(In thousands of dollars)
Transactions during
week ondad:
Grand
total
United
Kingdom
/ranee
Bel-
gium
Germany
Italy
Batherlands
Svadea
Strit
Other Total
Canada
serland Xurope Kurope
total ptecbask
ii thx cuitkd states
»0b fqeiion accodot:
Sac.
Dec.
Sec.
Dec.
8.9 U 7
10
IT
24
,
,
31
277
708
267
437
244
109
105
288
279
158
7»
112
2,842
4,853
2.511
2.553
100
158
i4a
226
18
44
46
42
70
5
59
23
3?
3.269
8.728
2.217
1,906
140
525
106
339
15.272
6,091
6.444
557
38
32
35
10
26
49
59
12
97
58
50
18
2k
24
28
56
5
1.409
3.418
1.135
785
401
367
161
469
3.246
4,964
1,844
2,218
3,611
8,014
1,861
1,808
461
2.250
I.O56
652
246
264
121
208
1.231
2.835
1,480
1.152
642
838
412
611
1,692
1,942
183
637
1,220
6,510
768
1.067
Purchases of
domestic securities:
Stocks:
Deo.
Dec.
Dec.
Dec.
10
17
24
31
101
\
31
Bonds:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
&9
553
35
11*
6
5
30
1
19
2
16
4
1.144
1
53
119
Purchases of
foreign securities:
Dec. 10
Dee. 17
Dec. 24
2.836
1.691
1.363
1.985
31
67
21
1
10
13
24
26
14
144
95
38
205
323
187
181
429
1.749
666
681
130
1,042
981
691
483
3
162
109
2,385
2,409
1,304
1.255
3.211
8.394
941
945
743
341
277
146
251
184
113
77
265
16
296
5
19
20
JALES II
TL2 T^TITID STATES
MS iUIOS ACCODBT:
.-
i»e.
Dec.
Dec.
Dec.
10
17
24
31
7.058
12.296
2.95U
2.857
565
575
3.720
2.500
1.688
1.279
385
297
68
197
2.470
9.041
865
I.061
152
65
203
32
8&8
T55
401
517
28
213
19
14
118
77
297
72
"*5
278
3
425
5
17
12
47
50
55
16
11
40
Suleo of
domestic securities:
Stocks:'
Dec.
Dec.
Dec.
Dec.
10
17
2k
31
85
53
289
18
8
14
*3
1
37
I*
23
?5
23
u
*5
12
1.79>»
928
Bonds:
Dee. 10
Dec. 17
Dec. 2k
Dec. 31
,
6
424
5
6
3
31
11
10
26
8
4
Sales of
foreign securities:
Dec.
Dec.
Dec.
Dec.
10
17
2k
31
TOTAL PDBCEASIS
EXECUTED ABBOAD 70S
DOMESTIC ACCOOTT:
Dec. 1*.
Dec. 17
Dec. 2k
Dec. 31
,
1,118
705
629
948
Purchases of
domestic securities:
Stocks:
Dec.
Dec.
Dec.
Dec.
10
17
2k
31
Bonds:
Dec.
Dec.
Dec.
Dec.
10
17
2k
31
Purchases of
foreign securities:
Dec.
Dec.
Doc.
Dec.
10
17
2k
31
1.077
654
583
922
4
4
34
35
50
150
36
i»l
107
269
102
253
70
Security Transactions as Reported by Banks, Bankers, Brokers and Dealers
in the United States for December 1941 - (Continued)
(In thousands of dollars)
Transaction! daring
veek ended:
TOTAL SaLES
IXICUTM ABROAD FOB
DOMESTIC ACCOUNT:
Dec. 10
Dee. 17
Dec. 2l»
Dec. 31
Brand
total
,
United
Kingdom
Belgian
Germany
Italy
Hetnorlasds
Sweden
Latin
Japan.
SwitOther Total
Canada Amer- Lores and
zerland Surops Europe
ica
Manchuria
989
988
648
566
56U
933
512
612
556
932
512
607
55*
Sales of
domestic securities:
StOckBl
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Bonds:
Dec.
Dec.
Dec.
Dec.
10
17
24
31
Sales of
foreign securities:
Dec. 10
Doc. 17
Dec. 24
Dec. 31
Foreign Balances in Brokerage Accounts as Reported by Brokers
and Dealers in the United States for December 1941
Other
Asia
Total
Asia
All
other
.
:
71
Security Transactions in Joint Foreign Arbitrage Accounts as Reported
by Brokers and Dealers in the United States for December 1041
(la thouaanda of dollar*)
Transactions during
weak ended:
Orand
total
On I ted
Ilaffdoa
Prance
Bal-
Oar-
aaj
Italy
SwltTotal
serland Europe larope
Latin
•Japan,
Asjor-
loraa and
Kancnurla
lea
TOTAL PtTRCEAMS
11 TBI 0HIT1D STAT1S:
Dae.
Bee.
Bee.
Bee.
10
17
2U
31
503
397
756
380
503
397
503
397
756
376
503
397
570
366
792
1*3
56U
352
792
1*3
746
376
10
«
Purchases of
donestlc eecurltlee:
Stocke:
Bae. 10...
Bee. 17...
Bae. »...
Bee. 31- •
Bonde:
Bae.
Bee.
Bee.
Dee.
10.
.
17-..
2U...
31...
Purchases of
foreign securities:
Dee.
Dae.
Bee.
Bee.
10
17
2U
31
7>»6
376
TOTAL SALTS
IS TBI OTITBD STATXSi
Bee.
Bee.
Bee.
Dec.
10
17
2U
?1
6
1U
Sales Of
doaestle securities:
Stock*
Bae.
Bae.
Bee.
Dec.
10
17
2U
31
6
lU
6
i»
Bonds:
Dec.
Dec.
Dec.
Dec.
10
17
2U
31
Sales of
foreign securities:
Dae. 10.
Dec. 17
Bee. 2H
Bae. 31
56U
352
792
1*3
56U
352
792
1*3
Other
Asia
Total
Aala
All
other
72
Foreign Purchases and Sales of Domestic Securities^
73
.
7*
Purchases and Sales of Foreign Exchange, Spot and Forward, as Reported
by Banks and Bankers In the United States for December 1041
(In thousand! of dollar*)
Currency of:
Transactions
during
weak ended:
Grand
total
United
Klngdoa
Franc*
Belgian
Italy
netherSwitOther Total
lands Sweden lerland turop* faxope
Canada
Latin
Japan,
lur-
Korea and
Manchuria
la
TOTAL PtmCHASES:
4,704
814
92
2
16
206
"73
23
128
5.308
149
22
13
39
302
119
280
Dec. 24 Spot...
Dec. 24 Forward
12.834
803
3*
257
327
183
'I?
Dec. 31 Spot.
Dec. 31 Forward
9.828
890
5.206
639
129
52
448
Dec. 10 Spot.
Dec. 10 Forward
10, 117
Dec. 17 Spot.
Dec. 17 forward
9. "71
1.461
I.696
444
735
105
1.405
126
1.035
6.758
654
2.313
146
1.810
61
5.896
639
1,444
251
5.625
839
5
3
822
Purchases from banks:
10 Spot....
10 Forward.
7.103
670
3.510
134
78
2
16
189
"31
118
Dec
".3*7
136
848
421
Dec
Doc
17 Spot....
17 Forward.
6.401
191
3.968
149
20
2
3"
291
93
4,408
154
719
37
736
Dee. 24 Spot....
Dec. 24 Forward.
9.271
594
4,648
449
19
251
271
177
5.366
449
1,322
1*5
1.508
Dec. 31 Spot...
Dec. 31 Forward.
6.589
376
4,302
124
48
"27
55
".956
211
546
165
596
Dec. 10 Spot.
Dec. 10 Forward
3.014
791
1.194
680
14
42
23
1.278
703
848
23
139
65
Dec. 17 Spot.
Dec. 17 Forward,
3.070
1.3"0
2
11
1.395
686
299
Dec. 24 Spot.
Dec. 24 Forward
3.563
1.309
205
15
56
1.392
205
991
302
209
1
3
Dec. 31 Spot...
Dec. 31 Forward
3.23?
514
904
428
5
940
428
898
86
226
Dec. 10 Spot.
Dec. 10 Forward
9.750
1.951
5.03"
100
17 Spot.
17 Forward.
9.776
5.933
36
Dec.
5
211
Purchases froo
customers other
than banks:
11
89
21
TOTAL SALXS:
Dec
Dec
88
32
221
509
125
6.025
907
1.494
427
49
356
101
2
6.468
38
l.*33
13
971
1,619
28
942
17
907
25
37
Dec. 24 Spot...
Dec. 24 Forward
12.368
289
6.381
62
11
250
321
176
7.139
62
2.110
199
Dec. 31 Spot.
Dec. 31 Forward.
10,450
689
6,087
499
108
107
458
36
6,796
499
1.37*
173
Dec. 10 Spot.
Dec. 10 Forward
3.716
1,110
1.706
805
13
109
164
2.063
805
1.023
251
Dec. 17 Spot...
Dec. 17 Forward
2.839
60
1,498
20
9
16
51
1,601
20
668
12
351
28
Dec. 24 Spot...
Dec. 24 Forward
4,270
194
2,092
36
50
2,208
1.445
178
161
Dec. 31 Spot...
Dec. 31 Forward,
3.365
46
44
516
1.533
428
1,627
428
828
71
322
17
6.034
841
3.328
102
112
3"5
5*
3.962
102
"71
4.867
18
Sales to banket
Sales to customers
other than banks:
Dec. 10 Spot..
Dec. 10 Forward
Dec. 17 Spot...
Dec. 17 Forward
Dec. 24 Spot...
Dec. 24 Forward
Dec. 31 Spot.
Dec. 31 Forward
6.937
28
8.098
95
7.085
173
"."35
16
4,289
62
".55"
71
87
16
33
305
75
11
214
271
146
4.931
62
61
414
32
5.169
2
108
71
16
Other
ilia
Total
Asia
75
Outstanding Forward Exchange Contracts as Reported by Banks and Bankers
In the United States during December 1941
(Iii
thousand* of dollars)
Currency of:
Contrasts aa of
following datss
Orand
total
Dnlted
Bel-
Ungdoa
«1»
Oer-
Italy
lataorlanda
Sweden
SwltOthsr Total
Canada
ssrland lurope traps
latin
Japan,
Korea and
Ken churl*
Other
Asia
All
othsr
fOlii POHCEASI COBTSACrS:
Use.
Dec.
Dec.
Sse.
10
12,1499
6.Bk8
17
2k
11.823
11,976
11. 3*8
.:&
31
6.181
U58
1,28>*
I.896
1.738
1.677
1.677
208
1.155
1.155
1.155
1.155
317
317
317
317
i.k63
1.305
l.2k6
i,2Uk
1.780
1,622
I.56I
l,56l
780
678
808
953
220
155
153
129
116
116
116
116
1,1*23
1.093
1.118
1.106
1.072
161
161
161
161
982
988
986
957
11
11
11
11
111
130
120
150
150
150
150
1.375
1.310
1,308
2.326
2.300
2.296
2.26k
566
297
297
297
297
218
218
218
218
222
222
222
222
2k0
240
2k0
5.576
5.285
5.63»
2>*0
>i.962
6KL
681
681
681
1.206
1.206
1.206
1.206
9.853
9.232
9,18k
610
610
610
610
738
738
738
73«
6.9^3
6.597
6.530
6.075
kfig
2.910
k&S
k68
I'M
U68
2,l»23
55
l.k63
1.305
1.266
l,2kk
1.326
1.190
l,26l
1,161
J58
658
»58
i
56
633
*33
»33
433
7.902
7.585
7.730
7.226
519
519
519
519
Contracts for
purchases
foreign cnstonersi
tm
Ssc.
Sec.
Sec.
Sec.
10..
IT
2k
31
5.807
1.755
1.729
l:2g
5.188
%
55
Contracts for
purchases from
doaestlc eustoaersi
Sec.
Ssc.
Ssc.
Ssc.
10
17
2U
6.692
6.23*
6.511
6,160
5.093
6.807
".956
k,6o7
10
17
13.250
2k
31
121596
11.632
7.937
7.327
7.283
6.597
31
116
116
lib
116
TOTAL SALES COITHACT Si
Bee.
Dec.
tec.
Dec.
15
2
2
2
8,1*98
1,280
1.327
1.183
720
718
718
718
881
879
879
879
720
718
718
718
870
868
868
868
Contracts for sal*
to foreign eustoaarat
tec.
Dec.
tee.
tec.
10
17
2k
31
7.99*
7.602
7.527
7.073
5.182
6.727
5.256
6.907
6.969
6.559
2.3U2
2.078
2.101
1.870
5.595
5.2%
Contractc for aal*
to dcsestlc customers:
tec. 10
tec. 17
Sec. 2<t
tee. 31
I.365
1.276
1.327
1.153
"5
Net Position in Foreign Currencies of Reporting Banks and Bankers
In the United States for December 1041
[in thousands of dollars.
Position aa of
following dates
Long positlsn or short position (-)]
GOLD
AND
SILVER
-76
STATISTICS
77
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Liabilities
End of calendar
year or month
Sold
Assets
Gold Certificates 1/
Gold Reserve
against U. S.
notes, etc. 2/
Stabilisation
78
CO
Ld
ICO
Q
LU
h-
U_l
X
o
-
.
.
3
.
31
79
Components of Silver Monetary Stock
(la Billions of dollar.)
surer hall la Treasury
lad of c»i mtur
yaar or month
Securing allTar
certificates \J
Sllror bullion
193k
Sllrer dollars
211.6
576.9
775-9
93S.8
1.137-6
1,290.2
1.398-1
I.H76.I
-
193519361937193«193919I0.
19U1.
Subsidiary
cola 2/
2
8.8
.2
•3
52.8
53.1
122.3
U25.0
1.092-5
1,107.6
665.5
666.1
665.2
53.1
1,120.8
1.135-3
55-1
129.3
I3I.8
113.2
U,lU«c
665. 1
56.3
57.5
58.6
I50.0
I56.6
165.7
1.167.9
1,188.1
1.207.1
663.6
662.3
59-7
61.7
63.O
171.9
185-7
193.5
1,221.5
1.232.7
U,2hU.g
663.O
663.O
63.2
63.2
I93.5
193.5
1.257.1
1.26h.l
April.
Kay...
June.
1,123.8
1,130.0
1.135.9
193-7
U93.0
192.0
5.1
1.9
1.1
August. .
Sept caber.
1.UU3.5
1.U51.3
1.159-3
I90.7
IS9.6
1*88.1
5.*
5-1
3.*
October.
loraaher.
Deceaber.
I.I65.6
I.I70.3
I.I76.I
187.3
185-1
Igl.l
7.0
2.9
3.5
1,181.7
1,186.2
183-9
"183.5
8.0
11.1
19*2 -January
.
.
.
Pebruary p.
Source:
p
Dally Treasury Statement and Circulation Statement of
Halted States Honey.
Preliminary.
Subsidiary
cola 2/
662.5
665.2
5.H
1.0
.
SllTOP
dollara 1/
1:1
3.5
5.3
2-3
3-5
U9U.2
U9U.0
.
Bollloa
at cost
l/
2/
.1
.1
666.9
667.5
661.
M8.1
52-5
63.O
305-3
323-5
350-6
366.9
372.8
391-1
122.1
193-5
1.279-7
1.970.1
2.I02.3
2.806.5
3.316.8
3.790-2
1, 060.0
h, 211.8
35-2
n.u
Si.
S:2
51.
Talued at $1.29+ P er ounce.
Talued at $1.38* per ounce.
Silver of Specified Classifications Acquired by Mints and Assay Offices
(la millions of ounces or dollars)
Calendar year
or month
Total lUnr
at »1.29
par ounca
89-3
262.7
3*7-7
128.6
535-3
616.0
657-1
662.3
It.
1,111.8
1.117.7
July
Bollloa for
recolange 2/
1.2
March
19>tl-»ebniary.
Sllrtr outside
Treasury
la General fund
7
•.
5
.. .
.
.
6
7
3
so
Seigniorage on Silver
(Cumulative from January
I93U
1,
-
In millions of dollars)
Sources of seigniorage on silver bullion revalued 1/
Seigniorage
on silver
and minor
colna
End of calendar
year or month
1934.
1935.
1936.
1937.
1938.
1939.
19U0.
Misc. silver
Hewly-mlned
Bawly-mlned
(lncl. silver
silver (Proc.
silver (Act
bullion hold
Dec. 21, 1933) July 6. 1939)
June 1U, 1934)
4.5
18.5
U6.1
63.7
69.5
91.7
122.?
182.1
191*1.
1942- January
February.
1/
.4
16.8
36.0
1*8.7
U8.
58.0
74.9
87.3
87.6
87.6
1*8.7
Ug.7
48.7
4*5.7
48.7
48.7
48.7
188.
.
Baals:
48.7
192.4
Sliver Purchase act
of June 19,
1934
4.2
25.7
4S.3
87.6
50.2
51.6
87.
Dally Treasury Statements.
These Items represent the difference between the cost value and
the monetary value of sliver bullion revalued and held to secure
silver certificates.
nationalised
silver
(Proc. of
lug. 9, 1934)
Total
seigniorage
on silver
revalued
51.1
226.2
302.7
366.7
457.7
530.7
562.7
580.4
28.5
34.5
34.7
34.7
34.7
34.7
34.7
34.7
128.7
326.2
422.1
508.1
616.0
705.6
759-4
799.7
581.
34.7
34.7
802.5
804.7
582.1
Potential
seigniorage on
silver bullion
at cost In
General Fund
2/
132.6
274.9
397.5
541.6
756.8
950.6
,055.8
089.0
1.094.2
1.096.3
The figures in this column are not cumulative; as
the amount of bullion held changes, the potential
seigniorage thereon changes.
2/
Silver Production, by Leading Countries
(In thousands of fine ounces)
Calendar year
or month
169.159
1933-.
1934.
1935-
1936 m
American countries
Total
for
world
190, 398
220,704
253.696
274.538
267.765
265,262
273.684
.
1937..
1938..
19391940..
All other countries l/
United
States
Canada
2/
Mexico
22,821
32.487
45.613
63.351
71.299
61.689
63.872
67,013
16,395
17.565
17.743
19.584
24.131
23,826
24.538
23.816
68,101
74,145
75.589
77.464
84,681
81,019
75.871
82.638
6.761
10,381
17.433
19.901
16,994
20,424
18,802
19,000
10.819
10,091
12.788
16.539
15.706
15.869
17,497
16.925
44.261
45.730
51.538
56,858
61,725
64.939
64,683
64,292
XHirope
1940-December
20,645
6.499
1.64?
4.568
1,500
1,326
5,110
1941-January.
February.
24.329
23.208
22.774
5.733
6,009
6.445
557
357
802
8.750
7.792
6.339
1,550
1.450
1.500
1.420
1.298
1.374
5.319
5,302
5.314
22.394
20.359
23.214
5,843
6.465
5.047
1.4g4
1,902
2.058
7.152
3.769
8,062
1.300
1,600
1.400
1,301
1,282
1.333
5.314
5.341
5.314
22.763
22.607r
21.808r
6.310
6.277
5.620
1.852
1.660
1.625
6.726
6.878r
6.944
1.200
1.100
1,100
1.354
1.370r
1.387r
5.321
5.322
5.132
20,444
5.087
4,631
5,661
1.640
1.681
5,973
4,429
1,200
1,000
1,000
1.412
5.132
March.
.
April.
May...
June.
July
August.
September.
.
.
October.
lovember.
December.
Source:
5/
5/
5/
5/
Annual Beports of the Director of the Mint for annual figures
through 1939: releases of American Bureau of Metal Statistics
Revised.
17
.
199
19,704
21,053
22.747
21.224
11.553
11.257
12.434
13.194
14,903
15.043
15.417
•Japan
1/
6,680
7.663
9.706
11.670
12.451
13.115
14,015
British
India 4/
Other
Asia
6,080
5.818
5.850
5.977
6,205
5.947
5.943
1,103
1.179
1,219
1,733
1.913
2.451
2,670
5/
1/
2/
for all later figures,
r
14.769
14,891
Oceania
V
Breakdown hy countries not available after 1939Includes Hewfoundland.
Includes Chosen and Tlawan.
Includes Burma,
lot yet reported.
4.076
4.722
5.130
4,580
5.200
5.636
5.414
,
Treas.
HJ
10
.A2
1942
c.l
U.S. Treasury Dept
Treasury Bulletin
U
.
„? ,T
RE*SURY LIBRARY
@FedFRASER