Full text of Treasury Bulletin : March 1947
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LIBRARY
t-<^/
I
LIBRARY
ROOM 5030
JUN?. 11972
TREASURY DEPARTMENT
x
mEASUEY.
Bm/LEFM
MRRCH-1947
ROOM
R013
MflR 3 1 1947
UNITED STRTES TREflSURV DEPnRTMENT
OFFICE DF THE SECRETRRV
:
March
I94'i
Table of Contents
Page
Cumulative table of oontenta
Articles
An Inventory of our national situation (epeeoh by the
Secretary of the Treasury)
11
A-1
Other epeeohee by Treasury officials
A-'+
Treasury market financing
A-U-
Statistical section:
Summary of fiscal statistics
Receipts and expenditures
1
k
General fund of the Treasury
l6
Public debt and guaranteed obligations of the United
States Government
19
Ownership of United States Uovernment securities
U^
Prices and yields of Oovernment securities (Including
securities issued by Federal agencies)
59
Internal revenue statistics
bb
Monetary statistics
71
Capital movements between tne United States and foreign
countries and net position In foreign currencies
76
Note:
In tnose tables wnere figures aave been rounded to a
8F>eolfled unit, all calculations (including percent-
ages) nave been made from unrounded figures.
Consequently the details may not add to the totals shown.
11
Cumulative Table of Contents
Treasury Bulletin
March 1947
111
Cumulative Table of Contents
-
(Continued)
Issue snd page nuabor
19U7
igitfi
Jan
Oct. Sept.
Aug. JuX7
June
Msj
Apr.
Dec.
Hot.
8-9
8
8-9
8-9
8-9
8-9
Trust accounts, etc., receipts and expendlturee.
10
10
10
10
10
10
10
Means of financing oaah requlreMsnts,
u
11
11
11
u
11
11
Har.
Feb.
Summary of flsoal statletloa
Budgetary receipts and expenditures.
Public debt end guaranteed obligations outstanding.
Means of financing caah requirements
Reoalpts and expenditures
Budgetary receipts and expenditures;
Changes In claaslf Icatlon of expendlturee In Treasurj reports effectlTe July 1, 19l<6
Sunuu7 bj aajor claselflcatlone
Analysis of recelpte froa Internal rerenue
Analysis of general expenditures
Analysis of expenditures for var actlTltles
Analysis of expenditures for (1) rerolTlng funds and (2) transfers to
trust accounts y etc
Analyeie of expenditures of GorernBSnt corporations (vholly owned),
etc .
,
(
net )
Total budgetary receipts and expenditures, by aoaths, for recent years.
8
8-9
9
9-10
8-9
8-9
Social security program:
Budgetary receipts and expenditures:
Social Security Act
Railroad Retirement Act
•...
Railroad Unoa^loynent Insurance Act
StatoBent of trust accounts:
Federal Old-Age and SunrlTore Insurance Trust Fund.
Railroad Retirement Account
Uneq>loyBent Trust Fund
8-9
12
13
13
lU
11.
II4
Appropriations and net contract autboritationa for the var actlTltles
progrsM
15-16 15-16 15-16 15-16 15-16
Cash Incone and outgo of the Treasury:
Analysis by najor classifications
Total cash income and outgo by months and calendar years beginning vlth
January 19^1
17
17
17
17
17
17
general Fund of tne Treaaury
Assets, liabilities, and balance in general fund.
19
Analysis of ohangss in balance of general fund.
20
Publlo debt and guaranteed obllnatione of Dnlted 8t«te» OoTernaen t
Public debt and guaranteed obligatlona:
Detailed statement:
Fiscal years 1936-19^5
Fiscal years 1937-19't6
Monthly data.
Chart
Special issues
Guaranteed obligatlona held by the Treaaury
Cca^uted interest charge and computed Interest rate
Statutory limitation - condition, as of;
February 28, 19'i6
March 31, 19'>6
April 30, I9I46
May 31, 19"*
June 30, I9I16
July 31, I9I16
August 31, 1946
September 30 19't6
October 31, 19't6
loTember 30, 19't6
December 3I, I9I46
January 3I, I9U7
23-21t 23-21* 23-2U 23-24
22-23 23-2*
It
23-2 2U-25 21t-25 21i-25 2l»-25 2li-25
26
26
26
26
26
25
•
27
27
27
27
28
28
28
28
28
27
25
25
,
25
25
25
Issuance and retirement of the public debt
26
Composition of the interest-bearing public debt.
26
Maturity schedule of interest -bi > zing public marketable securities iseuad
or guaranteed by the United States
26
27-29 27-29 27-29 27-29 26-28 26-28 28-30 29-31 29-31 29-31 29-31 29-31
(Continued on folloving page)
Treasury Bulletin
iv
Cumulative Table of Contents
(Continued)
-
Issue and page number
19I16
ISliT
Mar.
Feb. Jan
Dec, Nov.
Oct. Sept.
Aug. Julj
Juna
Maj
Apr
Public debt and guaranteed obllgatlona of United States ttovernmant
'~
(oontinued)
Offerings of narketable laauea of Treasury bonda, notes, and certlficatea
of Indebtedness
•
30
30
30
30
29
29
31
32
Disposition of matured marlcetable iasues of Treasury bonds, notes, and
certlf Icatee of indebtedness
31
31
31
31
30
30
32
33
32
33
32
32
33
33
33
Offerings and maturities of Treasury bills
32-33 38-33 32-33 32-33 31-32 31-32 33-3"* 3'*-35 3l*-35 3'*-35 3'*-35 3i*-35
United States sarings bonds:
Summary of sales and redemptions , by series
History of sales and redemptions
Sales by series, classified by denominations
Number of plecee sold, classified by denominations
Sales by series, classified by States
Redeaptlons of series A-E, classified by States
35-37 35-37 35-37 35-37 31.-36 31.-36 36-38 37-39 37-39 37-39 37-39 37-39
1*0
1(0
1(0
1*0
Uo
38
38
38
38
37
39
37
1(1
1(1
1(1
1*0
Ul
kl
38
38
39
39
39
39
3"*
3"*
3"*
3"*
1*2
Treasury notes - sarings series:
Summary of sales and redemptions, by seriea
Sales, classified by;
Denomination
Type of purchaser
1.2
33
35
36
36
36
1*2
39-1*0 39-1*0 1*1-1(2
1.1
1*1
1*3
1*3
36
1*2-1(3
1.1*
kk
1*5
1(5
1*2 -1|
1*1*
1*5
Summary distribution, by
1(5
1*5
1.6
1*5
United States sarings stamps:
SuBBiary of sales and redemptions
Sales, classified by denominations
Ownerflhlp of United State a
36
1(2-1(3 1(2-1(3 1(2-1*3
3
1*1*
1*5
l*0-lil 1*0-1*1 ItO-lil 1*0-1*1
1*2
33
1*7
1*7
Oovemment seourltlee
1(9
boldi.:ra
Estimated ovnerehip by rarloua classes of banjcs and non-banlE inreacore
50
Market transactions in Goremment securities for Treasury inrestment
accounts monthly beginning January 193^
50
,
Treasury Surrey of Ownership of Securities Issued by the United States
Goremment and by Federal Agencies:
Ownership by banks and Insurance companies:
January 3I, 19146
February 28, 19116
•torch 31, 191^
April 30 , 19116
May 31 , 19lt6
June 30, 19'i6
July 31, 191(6
August 31 , 19W
September 30, I9I46
October 3I, I9W
November 30, I9U6
December 3I, I9U6
51-55
51-55
51-55
51-55
51-55
50-51*
U6-;2
1.8-52
1.9-53
1*9.53
'*9-53
1*9-53
Ownership by rarious classes of Federal Reserve menber and noOMaber
coimierolal banks:
March 3I , 191*6
56.60
June 30 , I9I16
September 30, I9I16
December 3I , 191*6
55-59
51.-58
51.-58
Prloes and yields of aoTemment eeourltlea (Inoludlng eeourltlea
Issued by Federal agenolea )
Orer-the-counter closing quotations and price history for public marketable securities issued by the United States Goremment and by Federal
agencies:
February 28, 191*6
March 30, 191*6
April 30, 191*6
May 31, 191*6
June 28, 191*6
July 31, 191*6
August 30 , 191*6
September 30, 191*6
October 31 191*6
Norember 30, 191*6
December 3I, 191*6
January 31, 191*7
57-59
57-59
62-61.
57-59
57-59
61-63
51.-56
51.-56
60-62
,
Chart showing yield structure of Treasury bonds and notes.
55-57
55-57
60-62
63
58
Arerage yields of long-term Treasury bonds and high-grade corporate bonds:
Yields beginning with I938
Chart
{Continued on following page)
58
61.
60
60
65
60
60
61
62
March 1947
Cumulative Table of Contents -(Continued)
Isaue and page nuniber
19W
I9I17
Mar.
Feb.
Jan
Dec.
Bov.
Oct,
Sept.
Aug.
July
May
June
Apr.
Oorporatlona and oertaln other agenolee of the
United States OoTernment
Asaeta, llabllltlee, and capital:
March 31,
19''6
69,
73-77
June 30,
I9W
61,
65-69
September 30, 1946
62,
66-70
Loans outetandlng, claealfled
March 31, 19^^
June 30, iglifi
September 30, 19>'6
"by
type of loan:
62-61*
63-65
Income and expense:
First six months, fiscal year 19*^
First nine months, fiscal year 191*6
Fiscal year I9U6
First three months, fiscal year 19'*7
62-67
Sources and application of funds:
First six months, fiscal year 191*6
First nine months, fiscal year I9U6
Fiscal year 191*6
First three months, fiscal year 191*7
68-73
61* -69
61* -69
70-75
70-75
76-81
Footnotes
71*
76
77
78-79
73
82
71
76
Internal revenue etatletlOB
Collections of internal revenue:
Summary data
Chart
ComparatlTe details for current periods.
67
68
69-70
71.
75-76
61
67
62
68
69-70 63-6I*
81*
85
86-87
61*
69
70
65
71-72 66-67
78
79
80-81
79
80
81-82
61*
77
65
66-67
78
79-80
Monetary etatletlos
Balance sheet of the Sxchan^ Stabilization Fund:
December 31, 191*^
March 3I, 191*6
June 30, 19'>£
So^i.-jZLj-r 3D,
69-70
69-70
66-67
191*6
Gold assets and liabilities of the Treasury
Increment from reduction in weight of gold dollar, otam-
72
81-82
83
78
72
latlTe to:
Maroh 3I, 191*6
June 30, I9U6
September 30, 191*6
December 31, 191*6
Treasury gold receipts, for recent quarterly periods
Monetary stocks of gold and silver
Components of silver monetary stock
Silver production la the United States snd silver acquleitlon
by mints and assay offices
Seigniorage on silver, by types
Money In circulation
'"68
89
71.
""71
83
81*
"
71
71
71
68
82
83
83
81*
85
Oapital movemente between the United States and foreign
oountrlefl
Historical summary of net capital movement slnoe 193^
Summary by countries
Details:
October 191*5
November 19U5
December 191*5
January -February
March 191*6
April 191*6
May 191*6
June 191*6
July 191*6
August 191*6
September 191*6
October 191*6
77-79
80-87
88-90
91-98
83-85
86-93
77-79 73-75
80-87 76-83
911-96
97-102
79-81 76-78
82-87 79-81*
88-89
90-93
76
90-106
87
77-93
88-101*
105-107
91*
107 109
,
9'*-99
191*6
Position in foreign currencies
96
85-87
88-90
103-105
8l*-86
88-90
9U-96
99-101
88-90
91-97 102-108 97-103
91-97 87-93 106-112
91-97 88-91* 100-107
110-117 97-lOlt 108-115
March 1947
A-l
An Inventory of Our National Situation
The follovlng address was delivered ty Secretary Snyder before the
San Francisco Chamter of Commerce at San Franclaco, California on February 10, 19U7.
It
the
privilege
real
a
la
meet
many of
so
be the gueet of
to
Chamber of
San Francisco
the leaders
and to
Commerce,
this great com-
of
munity.
The past few weeks have been
Inventory-taking for business and
trust that those
period
of
Industry.
I
a
you who have been engaged In
of
this annual appraisal of results of the past and
of prospects for the future have found the answer
In
whole remarkable record of
the
mobilization for war,
ter than that written
American
pleasing In both reepeots.
there le no brighter chaphere
San Francisco
the
In
Bay area.
Your attainments have
been tremendous
the
outpourings of ships, and eteel, and petroleum,
and all the other products of your Industries and
resources have been a most vital contribution.
-
It seems to me this Is a good time for us to
take an Inventory of our national situation.
May
I point out today some of the assets of our economy as we enter this year 1947.
President Truman
of his
gress,
congratulate you men who have figured so
prominently in the planning and In the acoompllshments.
I know that you are pressing forward
Council of
In transmitting the report
Economic Advisers to the Con-
said:
I
toward
new
fields
and the courage,
BO evident
during
Ingenuity of the West,
war year*, will carry you
the
the
forward to new prominence
omy of the nation.
As
The spirit,
development.
of
and
"As
the year 19I17 opens, America has
never been so strong or so prosperous. Nor
have our prospects ever been brighter.
In
'Yet
Secretary of the Treasury,
I
share your
The Treasury Itself has
In
recent
you here,
do
not
our
field
we
or
at
Mr. Neal Callaghan,
expanding economy,
years.
have
least
our
the San Francisco Mint,
the minds of a great many there
another depression, the loss of
'But America was
not
built on fear.
America was built on courage, on Imagination,
and an unbeatable determination to do the Job
an
Industrial
enterprise here which has set up some new records
of production
of
our Jobs, our farms, our businesses.
pride In the record of San Francisco's Industrial
progress.
In
Is a fear
the peacetime econ-
any
we
competition In
should
not
superintendent,
have.
tells me
to meet the needs of our
during
the
at hand.'
Unlike most of
past
five
years
turned out more than a billion and a half coins.
So you see, making money Is big business.
There Is no need for unreasoning fear today.
Nineteen hundred and forty-seven is not 1929. To
recognize this fact, we have only to prod our
memories a little,
to recall some of the first
symptoms, the causes,
the manifestations of the
depression of the late '20's and early '30's.
In those unhappy days, there was the collapse of farm Incomes, which led to fading demand
San Francleoo Is the center of our western
activities In the collection of Internal revenue
and customs duties.
You are the headquarters
for goods, resulting In slowdowns In production
and employment. Consumer buying was reduced further and further.
In those days we had a col-
city for
all
agencies,
such as
lapse of the speculative securities with the demoralizing collapse of the banking syetem.
of
our
Important law enforcement
the United States Secret Serv-
ice, the Bureau of Narcotics, and the Intelligence and Alcohol Tax Units of the Bureau of Internal Revenue.
Today, however,
our national Income
at
The Treasury has further community of Interest with you In your capacity as one of the great
financial centers of the West.
the
highest
ever
not
only
farm
Income, but
and
our productive level are
achieved In peacetime. Em-
ployment Is at an unprecedented level. Our banking system has never been stronger; speculation
on borrowed money has been kept under restraint.
Treasury Bulletin
A-2
Not only are the oharaoterlstlos of that
earlier depreeelon almoet entirely lacking, but
out of our new social consciousness there have
been established safeguards to mitigate the ef-
Not only do we have the means to attain con-
tinued
There
but
prosperity,
is,
have
we
the
stimulus.
despite current high production levels,
an unsatisfied demand
virtually all kinds of
for
Our nationwide housing shortage is one of
any recession that might develop during
These are
the processes of econoalo adjustment.
cushions which should operate to prevent any temporary slackening of business tempo from reaching
goods.
disastrous proportions.
demand, and as you know, high construction levels
fects of
Let
examine a few of these bulwarks pro-
us
our
critical
problems,
serve as a most
and employment.
this
shortage will
spread demand throughout a multitude of supplying
industries. As new homes are occupied, there is
for furniture
other related items.
a call
tecting our economy.
but
Important stimulant to business
It will take years to fill this
Today, we have functioning the mechanisms to
prevent any ruinous collapse of farm prices.
and
furnishings, and many
And let us not overlook
the
record-breaking
foreign demand for our goods.
through the provisions of the Socled
Today,
Security legislation, we have unemployment Insurance which guarantees that never agalH* will there
And let me list as one of the most Important
be any sudden curtailment of Individual Income on
assets we have in this year 19'*7. the sheer physical volume of our production of goods and serv-
a mass scale.
ices.
ity,
How, we have
savings
the
the people
of
safeguards surrounding the
under the Federal Deposit
Insurance legislation. This we can count as a
very real asset in sustaining the confidence of
Equally Important is the spirit, the abiland energy, and ingenuity of
courage,
and
that was
our people
demonstrated In our attainin our amazingly
ment of production for victory,
speedy reconversion and in our steadily expanding
output of peacetime goods.
the people in our banking system.
Let us look at the picture in some detail.
through the operations of the
rurthermore,
Exchange Commission, investors in
Securities and
securities are more certain of the soundness of
testimony to
hostllltieB.
their investments.
These products of economic statesmanship aa>e
tough and sturdy girders beneath the floor of our
There are other elements.
business structure.
Important are the accumulated savParticularly
ings
of
millions
the
of
people and of Industries. Tens of
cltltene have invested in United
States Savings Bonds.
industrial production, carloadof
electric power, and the like, bear eloquent
Indices
ings,
The
liquid
Freight carloadings
those
The net working capital of American corporations
nearly doubled during the war years, and the latest estimate places the total at a record high of
They hold cash and United States
$55 billion.
securities alone totaling %kO billion - more than
twice the prewar figure.
for
Industrial production continues at peacetime
high
levels.
justed index of
17951
Federal Reserve Board's adproduction for December stood at
The
of the 1935-39 average.
Steel Ingot production
to 93)^ of capacity
-
in
January had risen
a new postwar high.
Electric power output in the week of December 21, rose to the highest level on record.
Production of
There is no dearth of funds for employment,
either in the aoquieltion of consumer goods, or
for the financing of production and expansion of
Industry.
mid-January exceeded
in
the corresponding period in every year
since 193'^> when the average per-car capacity was
much smaller than it is now.
assets of in-
dividuals at the end of December were estimated
at $191 billion,
an all-time high, and compare
with less than $70 billion in 191*1. These assets
are more widely distributed than before the war.
our progress since the cessation of
soft coal
In
January reached
the highest level in fwenty years.
More and more durable consumer goods are
reaching the market in quantities exceeding those
March W4~(
of
war - ahlpaents of waahlng aaeleotrlo raagea, and
oleaners,
from ^^% to 6S% above prewar leyels.
before
ohlneo,
A-3
the
vacuuii
radios
are
The shipment
meohanloal refrigerators and the
of
production of passenger autoaobHes are approaching prewar volume.
our Government
compatible with
building materials has
many
of
reached new postwar hlghe;
highs during
now,
security, our eco-
to the utmost
nomic well-being, and the fulfillment of our Just
obligations. Already,
from a wartime high of
$100 billion a year, we have reduced expenditures
to an annual rate of %h2 billion for fiscal year
19l)-7.
The output
expenditures,
our national
This curtailment of spending by almost G0%
does not represent the attainment of a goal.
some reached all-time
Budget proposals for the next fiscal year
contemplate a further reduction,
and it Is the
194-6.
The production of lumber and lumber products
policy
of
Administration
the
eoonooy program as rapidly as
war and its aftermath permit.
In December was 1^2% of the 1935-39 average.
Civilian employaent has Increased three milend of the war, and was approxi-
It is essential
lion since the
that
we
to
the
continue this
liquidation of
establish our nabalanced basis, and
mately 56.3 million In December.
tional
would not discount the fact that we have
There
some liabilities on our national ledger.
have been Inflationary excesses In some areas
that will have to be corrected.
begin now to apply a surplus of receipts over expenditures to the retirement of our large public
debt.
In
this present
state of extraordinary
prosperity, sound business principles demand that
we give priority to the debt liquidation program.
past was marked by laborProsperity demands a high degree of cooperation.
It seems to me that in rejent weeks there has been evidence of a happier,
this would be a greater contribunational fiscal soundness than major tax
reductions now.
We should maintain tax rates
high enough to effect as rapid a reduction in the
I
year
The
Just
management strife.
approach
cooperative,
more realistic
labor-management relations.
more
in
I
tion
This
Administration
relaxing
has
gone
demanded by the war emergency.
dent's purpose
as
rapidly
largely up
as
to
to
remove all
possible.
us,
all
exercise restraint,
a
controls over
the
us.
way
It Is the Presi-
remaining controls
now
Prom
of
long
our economy
Vfe
on,
it is
shall need to
on
a
believe
to
the
time
comes
is
a problem
where
should
they
to
the
I
economy.
reduction in the
believe these re-
concentrated in those areas
be most useful in maintaining
be
will
purchasing power and in providing the incentives
necessary for a continued high level of production throughout the economy.
3-entlemen,
business
face
as
a na-
closely related to our
is
primary imporThat Is the
community.
general economy, and which
tance
some
whether we are consumers, or
another problem we
that
when
tax rates should be possible,
ductions
let
objective appraisal
There
high-employment
high-production,
a
producers, or distributors.
tion,
soundly
public debt as is consistent with the maintenance
of
When
toward
budget
is
problem of our national debt,
lems
will
tion.
reveal a
With all
of
me
conclude.
I believe an
our assets and our probmagnificently prosperous na-
of
our
advantages, the American
of
system
and its management.
greater national well-being.
It is of primary importance that
we
reduce
of
free enterprise is capable of develop-
ing a driving force that will carry us on to even
Treasury Bulletin
A-U
Other Speeches by Treasury Officials
On
Secretary Snyder addressed a meeting of the
Bankers' Club of Pittsburgh on January 2h, I9U7.
Jr.
He spoke about the assistance given to the Treas-
before
ury by the banks of this country, emphasizing the
effective cooperation extended to the law en-
,
January 3I, IS'^J
Mr. Edward H. Foley,
Secretary of the Treasury, spoke
,
Assistant
Association of American Railroads at
Mr. Foley explained the ImChicago, Illinois.
portance to the railroads of the sale of United
the
States savings bonds through the
foroement agencies.
payroll savings
plan.
Secretary Snyder spoke
On February 8, 19'+7,
before the Colorado Mining Association at Denver,
on coinage, precious metals, the use of Government owned sliver In Industrial plants, and the
these speeches are available from
Copies of
the Director
of Public Relations,
Treasury Department, Washington 25, D. C.
the Office
of
achievements of the metals mining Industry.
Treasury Market Financing
Historical details of Treasury market financing operations involving bonds,
notes, and certificates of indebtedness, beginning with the Fifth War Loan,
are published in the tables on pages 30 and 31. Details of weekly Treasury
bill offerings are shown on pages 32 and 33
Cash Paynent and Refunding
except
Saoretary of the Treasury Snyder announoed the offering of new one-year
7/6% oertifloatea of Indebtedness in exchange for
all except $1 billion of the certificates matur-
holders of $25,000 or
On January 20, 13^7,
ing
February
on
1,
with
igl^?,
outstanding
were
remaining
in
the
amount
of
Subsorlptlons were received
t^,35^
subject to allotment on an equal paroentage
basis, except that lubsorlptlons in aaoanti up to
million.
$23,000 were allotted in
tiona were not received.
tificates,
receipt
the
for
which
subsorlptlons from
of
lees
the
of
the maturing cer-
books were held open
through January 23. The oertif leates were issued
in bearer form only in denominations of $1,000,
$5,000,
$10,000, $100,000, and $1,000,000.
The maturing oar-
$1 billion to be paid in cash.
tlfieatea
the
for
fall.
Cash subsorip-
the
Secretary of the
On January 30, I9U7,
Treasury announced that subscriptions for the new
Subscriptions
issue aggregated $'t',801 million.
in amounts of $25,000 or lees were allotted In
full in an amount
of
$H^ million.
Subsorlptlons
in amounts of over $25,000 were allotted 62% on a
but not less than
percentage basis,
$25,000 to any one subscriber and with adjustments to the next highest thousand where necessary. Total allotments amounted to $3i9'^7 million l«*»lag $1,007 million to be paid off in
straight
•Bt
19'^6
Treasury reports on the ownership of Governeeuritles indioate th*t on December 3I,
about 70% of the I5.O billion'^of maturing
osrtifioates
was
owned by
reporting oommeroial
The owner-
banks and the Federal Reserve Banks.
ship
figures
for
December 3I
are
the
available.
eertlfloatee were ^dated February 1,
Interest
ISkj and will mature February 1, ig^iS.
will be payable
at the rate of 7/S% per annum
The
cash.
latest
new
maturity, and will be sub-
with the principal at
ject to all Federal ineome taxes.
Subscription books were opened on January 20
and closed at the end of business on January 22,
The pay-off of $1.0 billion follows the refunding of 3^% of the $3.3 billion of certifiFor the ten
cates which matured in January.
months before that the Treasury had followed a
program of paying in cash some portion of the securities maturing during each month. The 'Treaspublished in the
ury Market Financing" article,
February I9U7 issue of the "Treasury Bulletin,"
presented an analysis of financing operations
during the calendar year
19'^6.
March 1947
SUMMARY
OF
FISCAL
STATISTICS
Treasury Bulletin
Budgetary Recejpte and Expenditures
'
.
.
.
•
,
March 1947
Public Debt and Guaranteed Obligations Outstanding
(In millloas of dollars)
End of first 7 mfinths,
fiscal years 19U5 to I9U7
End of fiscal years
19«5 to 19118
Estimated 1/
Change 1/
Chan^
Jan. 31,
19^5
Jan
31,
igitS
an.
31.
19't7
Jan. 31,
19U6 to
Jan. 31,
19'>7
June 30,
1945
June 30,
19U6
June 30,
June 30,
19''7
191*8
Actnal
I9U6 to
estimated
19''7
Seeurltlei Isgned
^
the United Statai
InteroBt-bearlnc debt:
Public iBluea:
Kartetable..
Mon-fflarketable.
.
162.261
51.723
.
213,98U
Total public issuee
Special Issues
16.688
Total interett-beario^ debt
230.672
Matured debt and debt bearing ao Intereat.
Total public debt outstanding
1.736
232 UO8
,
Secttrlttes guaranteed by the United Statea 2/
Interest-bearing debt:
Public Issues;
Marketable
Hon-marketable
.
.
1,197
300
.
Total laterest-bearlng debt
Matured debt
Total guaranteed eecurltles outstanding-
•
Total public debt and guaranteed eecurltlee
outatandlog
.
Estimated
191*7
t:.
estimated
19^8
Treasury Bulletin
RECEIPTS
AND
EXPENDITURES
.
March
. .
.
,
,
\')4]
Budgetary Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In mllllona of doUara^
Seoelpta
Szpaadlturea l/
OroBi rvoAlpta
net
approprlatio&a
to Pederal
lat
Old* As* and
r«e*lpta
SurrlTora
Inauranoe
Truat Fund ]J
Iieaa
FlacaJ. jeax
or Bootb
Total
receipt*
latsrm&l
reTsnae
5,?9''
WW.
I9kx.
li,597
6,?k2
5,668
5,925
8,269
1937.
1938.
1939.
5,67*
5,161
5,303
7,362
lOkJ.
13,668
23,385
I9H.
k5,li08
h7,7'>0
kli,239
265
387
208
188
503
538
661
273 2/
515 2/
Auguat. ..
September.
.
October...
Not ember.
December.
I9U 7 -January..
57
6k9
265
35
367
3
2,600
2,717
2,251
2,k9k
k,291
kk
kO
k2
305
183
lk7
61
283
2,230
2,k03
3,693
k5
k5
k3
3kl
192
377
73
275
113
3,860
S.kl?
k7
398
3
6
Dally Treaaury Statenont.
Excludes amounts for public debt retiroonont vhlch are chargeable
to the slnting fund, etc. under special proTlslona of law.
For further details, see Table 2,
For explanation see tables which follow entitled "Social Security
Program"
For further details, see Table 3,
For further details, see Table h.
For further details, see Table 5,
For further details, see Table 6,
Total expenditures less net receipts.
Includes recoveries of U. S. Inreetnents In oapltal funds. Such
recoveries totaled $5^ million In the fiscal year 19^0; $319 mil-
(IB
-31
-75
I.Oka
-2k3
-1,902
k,268
3,86k
5,352
l,k90
l,k00
3,066
2,560
2,182
2,k42
200
95
18
187
-161
1,591
1,131
873
2,539
2,k3k
k,k78
3,6kk
2,932
2,755
2,69k
1,27k
1,718
1,
190
509
100
631
-870
136
-96
1,105
k99
-1,723
2,5kk
2,36k
k,107
2,965
2,529
l,k9k
1,09k
2,017
1,
kSl
k36
580
k8
3.662
27
21
-59
-28
k5
k20
165
-kk5
3,U3
1,523
l,kl2
71
108
-706
26,0U
1,
1,
1,
1,
lion in the fiscal year
$l8 million In the fiscal year 191*2;
and $10 million In the fiscal year 19'*3'
Receipts from reductions In capital stock and pald-ln surplus
available to be reissued under existing law are Included as negative itesns under expenditures. Such reductions totaled $31^ mil19i*l;
10/
11/
lion.
Includes deposits resxiltlng from the renegotiation of war conInformation on the amount of such deposits is not availtracts.
able on the baflis of Dally Treasury Statements, On the basis of
covering warrants, such deposits were as follows:
fiscal year
191*3, $558 million; fiscal year ISUk, $2,235 million; fiscal year
These
191*5, $2,0i*l million, and fiscal year 19^, $1,063 million.
figures Include so-called voluntary returns.
^
Bl9l07B*Bt taxes
Other
Federal Insurance
Contributions Act
(Old-a^e Insurance)
i/
k,597
5,67k
5,161
5,303
7,362
2,163
2,6kO
2,189
2,125
3,k70
19k2.
19k3.
19kk.
19k5.
19k6.
12,993
22,lkk
kl,685
k3,902
k0,310
7,960
16,09k
3k, 655
35,173
30,885
February
March
3,k51
3,68k
5,583
2,755
2,790
k,838
April.
May...
June.
2,310
2,308
k,080
Julj
August ....
September.
2,251
2,k9k
k,291
1,603
l,k07
3,392
l,k89
1,513
3,550
1,070
705
October.
November.
December.
2,230
2,k03
3,693
l,kok
l,kkk
2,886
557
1,111
766
2,120
3,kl5
2,66k
5k6
2,117
ll
13
32
BlUlonB of doUara)
1937.
1938.
1939.
19kO.
19kl.
Source:
5
Social security taxes k/
Withheld hy
•ployers 2/
2,163
2,6k0
2,189
2,125
3,k70
8,393
10,289
9,392
55k
6,15ft
-757
esd profits tax*a
Fiscal yaar
or aontk
19k7-January.
2,777
1,177
3,862
3,910
68k
lk8
23
3k,29Qr 6,005
79,702r
5,635
95,573r 6,lk9
100,397
8,730
63,71k Ik, 559
Table 2.- Analysis of Receipts from Internal Revenue
.
232
331
-371
-208
320
299
1,05k
3,kl7
2,702
2,550
2,677
2,733
k,k79
379
k2
ST^
U/
U/
^
19k6 -January..
187
791
660
2,028
k,860
3,k35
3,8k5
k5
It,
608
225
ato.
(net) 2/
1,893
1,523
1,829
-7
-1,305
3,819
3,678
5,7k7
ii,o8o
2,617
2,639
929
1,029
1,206
1,657
6,301
Bet
bud^e^AJ?
deficit
8/
381
k35
556
l,6k6
1,918
30
2,310
2,308
l.,U8l
6,6kl
5,985
7,313
7,109
6,079 10/
corporatlona
(vhollT
ovned),
72,109
87,039
90,029
k8,5k2
196
15
ii,ii82
JuU
actlTl.
Tranafere
to trust
accounta
etc. 6/
21,k91
57,k20
51,k2k
53,9kl
20,676
158
138
33
U2
2,73't
13,76*
35k
1.2
April.
May...
Juno..
7,8ofe
7,031r
9,027r
9,297r
5,029
5,855
5,165
5,387
7,607
12,799
22,282
kk,lk9
k6,k57
k3,038
3, "51
3,68*
5,583
3,81*8
3,875
5,762
355
k35
y
turea
869
1,103
1,260
1,283
1,201
3,292
3,k83
3,k93
Oenenl
V&r and
defense
3,820
286 2/
916 5/11/
389
32k
k31
February
March. ..
i/
210
12,993
22,lkk
kl,685
k3,902
kO,310
19U6-Janiiary.
i/
k86
359
319
3k9
392
2,998
me.
Source:
Otbor
roo«ipts
^J
GoTorxkBent
Total
expand 1-
7,960
16,09k
26,262
2k, 88k
21,k93
Carriers* Taxing
Act of 1937
Federal Unamployment
(Ballroad
Tax Act (Dneaployretirement)
snt Insurance)
925
19k
51k
530
60k
691
1,186
l,k98
1,739
1,780
1,701
896
1,130
1,292
1,310
1,238
120
33
13
107
Ik
253
755
7kO
833
58
90
101
108
98
158
180
185
180
150
109
121
137
170
209
267
285
283
Miscellaneous
internal
rsTenue
2,181
2,279 1/
2,232
2,3k5
2,967
^
3.8k7^'
k,553
5,291
6,9k9
7,725
5
3
6k5
65
6k9
3
11
1
1
65
6kS
615
615
1,086
658
2,201
1,70k
k,l80
51
310
97
200
18
k85
966
650
1,118
kk2
2,7k2
65
285
61
269
73
7
51k
97k
kk3
2,8k5
67
302
62
28k
2
10
85
8
1
8k7
7k
2
290
70
276
2
332
9
5
7
1
78
752
669
722
k2
Ik
1
693
86
Daily Treasury Statement.
Lass than $500 thousand.
For further details, see chapter entitled "Internal Revenue Statistics.'
Excludes receipt of victory taxes withheld pursuant to the Revenue
Act of 1942. Such receipts have been classified as "Other" income
and profits taxes.
Includes un.lust enrichment tax.
¥7
^
5
58k
695
679
6?j
For the period prior to September 1939, the data In the columns
entitled "Federal Insurance Contributions Act" and "Federal Unemployment Tax Act" represent collections under Titles VIII and U,
respectively, of the Social Security Act.
Includes less than $500 thousand in receipts from "Agricultural
Adjustment taxes."
-
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
li
(In mlllione of dollare)
Veterans* Administration,
interest on public debt, and
refunds of taxes and duties
Fiscal year
or month
Total
general
expenditures
Veterans'
Administration
£/i/
6,61tl
1937
1938
1939
5,985
7r313
7,109
6,079
19'tO
19I1I
WW
1,503
1,567
l,56lt
1,687
1,751
581
582
557
557
553
191*3
6,005
5.635
2,l>56
555
572
19iilt
6,llt9
3,500
629
8,730
559
6,258
10,620
2,871
791
660
2,088
1,215
WliS
191(6
111,
191*6-January
.
February
March
.
.
April
Maj
June
l,it90
i»67
l.itOO
.
.
.
1,103
1,015
3,066
Juiy
Au^st
1,906
2, ''07
2,69''
1,27't
1,07''
823
1,227
93''
Interest
on the
public
debt
9''1
66
89
87
5,751
5, ''21
l,0''l
1,111
1,260
1,808
2,609
3,617
It,
722
Public
vorks
International
Finance
8/
18I4
ClTlllan
Conservation
Corps
3,178
2,649
2,
It
9lt9
738
257
1,37'4
680
543
163
18
970
299
72
3,938
392
I457
515
51*
529
I497
U/
323
550
''07
18
65
50
32
833
1,573
678
622
6U2
685
65U
673
712
758
890
1,151
96
79
30
I40
1,895
17
''33
Other
J/
2/
1,'iT6
2,2't2
1,000
1,098
1,093
912
763
998
14,099
Direct
and
work
relief
386
326
290
283
8OI4
31*7
8147
14,327 10/
91
76
262
1,707
3,027
l,02l4
335
1,5141
'',1.16
25
220
255
318
309
118
53
209
91.
61.6
251
193
813
1*06
17''
523
36
100
106
1,395
1191.
23
77
l42
I40
516
387
385
660
67
'•15
i»96
23
56
200
258
U63
51a
2l»9
361
1,620
1,0214
98
122
189
95
'451
58
29
I46
146
67
101
96
300
100
200
108
709
UU6
US
55
71
6k
139
68
325
159
1.9
1456
39
I48
11''
68
563
65
69
6''8
785
6I»9
2,017
1,561
560
160
105
952
1,523
960
51*9
3''3
y
Social
Security
program
1/
971
854
1,228
1,09''
y
culture
5,136
l,it9l.
.
api-
56
59
October.
November.
December.
.
Aid to
S66
926
1,718
I9U7 -January
Refunds
of
taxes
and
duties
y
September.
.
Other general expenditures
518
562 11/
1492
Dally Treasury Statement.
Less than $500 thousand.
General expenditures now include expenditures for revolving fxmds;
back figures have been revised accordingly.
Includes public works undertaken by the Veterans' Administration.
Does not include trfinsfere to truet accounts, etc. These are
shown in Table 5"Refunds of taxes" include amounts transferred to public debt accounts to cover issuance of excess profits tax refund bonds and
exclude refunds of taxes under the Social security program. Excess profits tax refund bonds were formerly Issued to corporations entitling them to a post-war credit equal to lO^t of the excess profits tax paid. The Tax Adjustment Act of 191*5 reduced by
105t the amount of excess profits tax to be paid and abolished the
post-irar credit.
For amounts of excess profits tax refund bonds
Issued, see the first table In chapter entitled "Public Debt and
Guaranteed Obligations of the United States Government." OutstandIng excess profits tax refund bonds may be redeemed at the option
of the holder coiamenclng January 1, 19**6; when such redemptions
occur, they will appear as retirements of publl- debt.
Consists of Department of Agriculture expenditures, except forest
roads and trails which are Included in Public works. In flBcal
year 19l<-5 and in July I9U6 there are Included $257 million and
$921 million, respectively, for restoration of capital Impairment
of Commodity Credit Corporation.
37
^
ll
6/
^
10/
11/
32
81
2I46
130
II46
121
127
118
255
130
Includes railroad retirement and ralljoad uneir5»loyment activities
and excludes expenditures made by Department of Labor, U. S. Employment Service (formerly Office for Qnergency Management, War
Manpower Conmission, U. S. Snployment Service), under authority
of Social Security Act. For further details, see tables which
follov on the Social security program.
Includes public buildings, public highways (including forest roads
and trails), river and harbor work and flood control, Tennessee
Valley Authority, Federal Public Housing Authority (formerly U. S.
Housing Authority), reclamation projects and the Public Works Administration. Excludes certain expenditures for public works In connection with war actlTltles by the Federal Works Agency, beginning
July I9I1I.
Consists of payments under Bretton Woods Agreements Act - International Bank; credit to United Kingdom; and Export-Import Bank
of Washington - capital stock.
Classified as Other expenditures commencing July 1, 19^5* For additional information on Direct and work relief, see "Treasury Bulletin" for August 19^5, page 6.
Gross expenditures have been reduced $315 million representing the
repayment of capital ftinds by certain United States Government agencies. For further details see "Treasury Bulletin" for June 19^3j
page 9, footnote 12.
Includes $500 million for Commodity Credit Corporation - postwar
price support of agriculture.
. .
.
.
.
March 1941
Budgetary Receipts and Expenditures
-
(Continued)
Table 4«- Analysis of Expenditures for War and Defense Activities
(la mlllloju of dtllara)
ArMd
Forces
VaT7
Depart- Lear* Act
of 19i^6
Var
Depart-
Fiscal jeaior BOnth
ent
929
1,0S9
1,206
1,657
6,301
Wk?
W^S
86,011
72,109
87,039
90,029
19Wi
WkJ
I9W
3,H7
19U6-Jaiiuar7.
•nl
ture
D«parV-
0nt
loads
1937
1938
1939
19*0
19*1
Fsl.
378
k32
'•90
Ik ,070
atloaa
Cklu
Ballaf
aad
BakakllItatlaa
1
kk
3
696
8,011
2,1*3
1,198
1,0*1
15,161
111
153
133
128
60
815
828
185
91
10
68
29
30 ,0k7
68
3
7
8
6
ll
5
5
*
8k
68
897
608
539
70
80
-8
-13
99
51
loe
1,566
883
1,1.88
73'!
l,l>20
858
1,81>S
1,1165
6I1O
3
H
5
131
8
k
50
kl
kk
35
-73
16
-3
17
50
k
U
-3
63
k7
37
3k
ko
18
800
112
72
37
86
8k
k8
-5
590
132
1,105
1,922
8,0k2
1,367
89
35
6
1,519
1,588
l,k32
l,k68
«95
929
8,776
3,812
3,827
69k
519
1,801
February.
March ....
8,708
8,550
April
Mar
June, ....
8,560
8,188
Julj
August. ..
Septanber
1,190
1,509
1,100
300
675
519
551
18
8
It
*
7
5
k
k
3*.
I186
3
8
3
October. ,,
Rot ember.
Decvaber.
l.Wl
I185
70
3
1
31l>
2l|0
5
8
88
17
10
1,580
616
669
665
3
k
5
k
19i»7-January..,
l.klZ
6U
33
382
795
ko
1/
1,1136
10
419
893
-39
1
k
k
-1
353
278
-98
1
8
88
38
28
991
1,088
Uk
IkO
120
66k
78
106
6U
60
7k
118
5
8,U8
Other var
Snrylua and deppoparty fease aodlaposal tlrltlea
lea expendlturea i/
.6
8,580
80,888
86,538
18,865
k9,*k8
50,337
87,800
All tad
Cub
557
596
673
898
2,313
667
3,678
Becurlty
Ibltad
latlonal SslaotlTe Trvfts*
War
et*t*a
lou«lBg S«rTle«
«I7
Ekly.
MarltlM
A«eno7
DepartCoaiila.
tr«tlT«)
AiMlB.
2/
8l*B
r«4.
•ral
Voriu
3
50
39
36
1
57
96
91
36
53
27
23
89
79
2/
169
169
108
86
ak
ko
k5
2k
I
198
87
91
108
5
33
33
ko
53
7
k8
25
such eipendltures are reflected vlthln the respectlre departments.
Classification changed to reflect expenditures for the fiscal year
19^ under "Var actlTlties". Prior year expenditures are Included
under "General"
KffectlTe September 1, ig'^fi, e:^«adltures of the Var Shipping Administration are Included with the expenditures of ths U. S. Maritime
Ccamaieslon to trtilch all functions were transferred for the purpose of
liquidation by December 3I, 19^> pursuant to Sec. 202, public lav
U92, approTed July 8, 19lt6.
Dall/ Treasury Statement.
LoBB than $^00 tbousand.
AdnlniatratlTo expenses In carrying out prorlsiona of Act are
Included under War, Vaxj and Treasury (Coast Guard) DepartBants.
Includes var public housing functions.
Includes war expenditures of Cosmorcs, Jiuitlco, Interior, Labor, and
State Departnents; Clrll Serrlce ComlBslon; Exe'cutlre Office of the
President (including Office for Eteergeocjr Management); Paoaaa Canal;
and capital etoak of Smaller War Plants Corporation. Includes Defense Aid Special Fund through the fiscal year 19^3* thereafter
,
Table 5.- Analysis of Expenditures for Transfers to Trust Accounts. Etc.
(Im mlllioms of 4«llar«)
Teterams*
AdKlBlatratlcn
Social
aeourlty
1/2/
Fiscal year
or month
1/3/
Aid to
a^loaltara
fr^igrmm
rederal
ooatrlbutlon to
Dlatrlct of
ColuBbla
k7
1937
1938
1939
19k0
19kl
608
225
187
232
331
19k2
19k3
19kk
19k5
19k6
381
k35
556
l,5k6
1,918
101
1,126
1,381
19k6-JaBuar7 .
February.
March
68k
lk8
23
6k7
IkS
83
37
April
May
June
200
95
168
95
38
5
5
July
631
886
13
38
13
.
Aiiguat
Septenber.
October..
IfoTaiber.
DeoeBber.
19k7-January
8ouro«!
«
1/
2/
.
.
557
lk6
107
121
132
10
1*5
221
27*
318
302
1
30
17k
73
75
87
93
18
91
103
107
177
197
126
71
2*7
.18
-3
•
223
32
k«
27
21
87
21
71
27
kk
k
Dally Tr*flisury Statement.
Lms thaa $?00 thonsaiid.
Additional transaotions are shovn in Ta^le 3*
Cosprlaea Adjusted Service Certificate FunA and the Hatlwial Service
Life Insurance Fund, administered by the Teterans' Administration.
^
^
Includes railroad retirement and railroad unemployment activities. For
further explanation see tables which follow on social secxirlty program.
Represents transactiona In ccomiodlty food stamps by Department of Agriculture. This activity formerly came under the Office of Distribution and prior thereto under the Agricultural Marketing Administration.
s
Treasury Bulletin
Budgetary Receipts and Expenditures
(Continued)
-
Table 6. - Analysis of Expenditures of Government Corporations (Wholly Owned), Etc. (Net)
(In BlUloiu of doUara)
C0iwxllt7
Credit
Corporation
TlBCal 7«ar
or Bonth
Ezport-lMport
Bank of
Waahlngton
1937.
1938.
1939.
19*0.
19kl.
-371
-208
320
299
1,05*
1,893
1,523
1,829
-7
-1,305
2*2
-193
225
-1,0** 1/
S
-53
-631 */
-9
April.
May...
June..
18
187
-161
-3
-66
20
July
-870
136
-96
Eoualng
Aathori ty
-U
11(6
-151
PnWlc
-106
-31
-75
-757
Tederal
-112
-18*
136
210
3*7
19>t2.
Federal
Hoiulng
AdMlnlatratlon
19*3.
19kk.
19k?.
19*6.
19^6 -January..
February
March....
Au^et ....
SeptoBbar.
October.
-39
2/
1/
-329
-9
2I17
H
2/
-256
-363
*2
725
1,936
2,*62
2,*35
-288
2
30
3*
-59
75
-71
-371,
*72
328
-22
-21
31
-33
9
-2*
-96
28
-6
-1
-22
-22
-25
85
1*8
-1
-11
-1
-2
-18
-22
-16
*3
5*
-111
-uo
13
-3*
7
-18
-16
-15
-3
-3
-18
-19*
8
21
26
-12
-17
-10
3
61*
*
-2
78
-19
Dalljr TreaBurjr Statement.
Less than $^00 thousaad.
Includes transactions on account of RFC Mortgage Companof^ ?©deraJ
National Mortgage Association, Office of Metals Reserre, Office of
Rubber Reserve Office of Defense Plants, Office of Defense Supplies, U. S. Coomercial Company, War Damage Corporation, and Rubl)er
Development Corporation,
Division between eipendituree for War and defense activities and
other not available.
Payments of $9^7 million have been made during the fiscal year 19U6
by the Agrlculturo Department (charged as var and defense activities)
to the Commodity Credit Corporation la relmbursoment for agricultural
,
-*3
.60
J>0
-239
-1
-1
-5
-2
128
dafenae
aetlTltlaa
Pnral Electrification
AdBl nl a tra 1 1 on
-396
-323
-275
2
-5*
53
107
13
-52
'•5
Var and
1
11
-3
-59
-28
108
*6
-3
15
12
-6
.2
-15
-30
December.
19U7-January.
233
1*5
5*
IfoTember.
Peconatrufitlon Finance
Corporation 1/
*0
1
55
17
*71^
-959^
Bomb Ovnera
Loan Cor*
poratlon
k/
^
-23
-like
-3k2
-159
3k
3
-21
-3
.1;
-2
*1
coanodltles procured In connection vlth the lend-lease program and
reflected In prevloxis expenditures of the Commodity Credit Corporation. Similar payments during the fiscal year 19**^ amounted to
$1,182 million.
Represents payment to Connnodlty Credit Corporation under act of
February l8, 19H6.
The act of July 20, I9W, authorized the Secretary of the Treasury
to cancel notes of the Comraodlty Credit Corporation In the amount
of $921 million for the restoration of its capital Impairment.
This amount Is treated as a general expenditure vlth a corresponding credit under Gorarnment corporations (iriiolly owned), etc. (net).
March 1947
Table 7.- Total Budgetary Receipts and Expenditures by Months, Beginning with 1938
(In Billions of dollars)
Calendar year
Apr.
Ms,
July
Au«.
T
Sept.
Net budgetary receipts 1/
1938.
1939.
19W.
igki.
19U2.
29'»
S71
315
340
578
19''3.
788
19itl>.
2,7l«7
19'' 5.
3,556
3,819
3,820
19U6.
19'' 7
•
308
367
5kl
758
955
2,503
3,767
3,678
916
687
799
1,566
3, 5^*7
5,206
6,573
6,892
5,7lt7
M9
262
213
373
3'>7
557
273
265
301*
ItOO
6li9
331
'•117
565
695
39''
,276
'•13
563
,'•92
7lt7
397
587
1,1180
',569
2,950
3,085
2,733
6,21.7
2,007
2,163
2,695
2,539
l.Slk
3,087
2,929
2,677
771*
5,91'<
'','•79
372
678
676
711
1,135
2,527
300
350
36U
279
672
521
333
362
7'*0
Ul'5
5611
607
601
1,212
2,701
2,030
2,001
2,530
2,099
5,736
5,926
5,189
2,2iiO
'•78
2,5''''
2,36it
5, '•16
'•,118
'•,107
2,721
2,568
2,997
5,'>lt7
2, 11311
It,
2,-37'l
Budgetary expenditures excluding net expenditures of GoTsmment corporations (wholly owned), etc. 2/
19112.
492
656
712
1,111
2,628
6,119
7,862
Wits.
6,372
7,570
3,202
19116.
11,891
3,510
19'i7.
3,005
1938.
1939.
19'tO.
19'il.
I17I1
612
668
1,075
2,629
7,1160
3,1121
631
730
783
1,315
3,753
7,35'i
8,525
705
820
822
1,399
9, '•33
'•,602
566
645
718
76I1
77''
7''1
706
1,529
5,215
7,112
l,lltl
930
895
887
1,528
3,953
"•,530
818
1,598
5,160
7,"i66
7, '•35
7,859
7,968
8,292
9,275
3,677
8,327
8,625
8,U0
7,617
8,119
9,6'^1
8,557
7,35''
5,513
'•,511*
2,796
'•,251
69I1
6I17
725
759
l,87i^
5,931
7,535
7,930
6,611
2,851
19't5.
3,239
7,281
9,266
7,901
9,112
19116.
19I17.
11,860
3,'i35
3,8li5
li,268
3,861.
8,100
8,821
9,752
5,352
3,61i'i
8,3'>'i
7,291
2,932
7,902
6,687
2,755
830
832
1,172
817
1,858
6,363
2,5''2
7, '•56
8,021'
7,839
7,828
7,'»52
8, 1' 16
5,950
3,023
'',656
5, ''''5
2,557
3,618
7,9'i6
8,lt20
'1,581
2,529
5,013
3,662
Budgetary expenditures including net expenditures of GoTeminent corporations (wholly owned), etc.
19'ili.
6116
737
721
869
2,083
5,937
6ii8
6,500
^^
8,135
5,695
2,965
3,113
Net budgetary deficit excluding net expenditures of Goveranant corporations (wholly owned), etc. k/
m8.
19110.
1^6
385
398
19111.
13142.
771
53'^
2,050
5,584
-
-'.9.
iyii3.
19iili.
'•,823
19115.
"1,6115
19'^6.
1,073
19'i7.
166
-212
132
,871
22
-167
-126
369
517
479
750
3,058
193
348
247
747
3,391
156
339
237
252
2,037
451
499
487
1,185
4,413
5,164
5,359
3,693
-168
2,147
1,952
2,540
-1,146
5,952
4,772
5,040
1,573
5,955
5,342
6,190
944
3,758
2,378
3,727
1,034
5,105
5,947
5,862
1,975
2lt5
221t
1,133
4,628
40
65
48
739
3,404
437
442
536
1,637
5,331
296
284
455
1,294
5,761
157
311
432
1,329
3,799
4,896
5,551
4,357
363
2,087
2,004
1,422
-1,627
5,426
6,023
3,420
479
5,740
5,587
2,282
1,716
2,999
1,327
193
-490
5,706
2,208
165
3,004
895
-445
195
402
258
-8lli
Net budgetary deficit including net expenditures of Government corporations (wholly owned), etc. ^/
1944.
1945.
1946.
1947.
Source:
1/
_?/
4,683
1,042
-706
3,514
-243
2,373
-1,902
4,972
1,591
6,028
1,131
Dally Treasury Statement.
Total receipts less amounts transferred to Federal Old-Age and
Survivors Insurance Trust Fund.
Excludes public debt retirements.
5,937
6,126
1,105
3,838
873
^/
hj
5,776
4,293
499
1,976
1,497
-1,723
6,134
3,165
420
}*/
Monthly figures for the period January 1938 through June 1944
are not presently available.
Total expenditures less net receipts.
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
(In nlllloiu of dollare)
Total trust
funds etc
[net receipts ( + )
or net
expendlturee (-)3
Federal Old-A^e and
SurvlTora Insurance
Trust Fund
,
Flecid year
or month
Becelpta
-96
1937
1938
1939
1
*ll6
+I,20l4
+U35
+906
19lt0
19'tl
-1,613
-338
-2,222
+791
19'i2
19l<3
Wltk
19't5
WW
-521.
19W -January,
tl
+3
+10
+9
+6
+6
+30
+26
Expenditures
267
k02
Keeelpte
Expendi-
RecelptB
let
tures
267
530
580
Unenployaent
Truat Fund
National Service Life
Insurance Fund
529
577
Wl
717
707
gto
1,190
1,363
1,U07
l,3l»9
931
1,185
1,357
1,377
1,323
+12
+1
+1
+u
1.6
-ll
316
36
320
+11
+26
+19
905
2,127
2,351
893
+3
2,102
2,332
-1
+32
+11
+21
-€
BalLroed BetlreBent Account
Expendlturea
29k
763
838
959
1,114
294
751
837
957
1,118
1,244
1,399
1,567
1,508
1,280
.
96
158
40
April
May
June
137
146
107
125
116
1,243
1,404
1,564
1,508
1,246
144
221
273
324
312
144
217
275
85
37
38
33
38
37
197
121
18
17
-307
-36
-295
+27
+169
"•S
18
-iSii
196
2k
28
209
+90
-56
-28
693
I9U
102
603
250
131
+32
+234
-251
57
25
+U8
265
109
31
-55
223
135
361
+11
1711
175
190
163
+2
-16
40
200
105
33
37
325
+llt7
277
-161
*k
71.
130
214
70
+11
-10
-15
49
209
44
-1
-12
kk
58
63
45
70
+1
42
155
52
-7
53
71.
36
70
72
+9
+1.8
+28
+23U
+2l>6
61
283
-It lit
-313
13
October.
November.
Pecember.
+156
+15
-480
+li6
+239
-269
73
275
-125
+38
. .
-2
+11
323
308
155
60
July
August. .
September.
19U7-January
+2
*S
41
•
17
26
36
286
-265
.
Expenditures
148
109
123
127
+272
February
March
.
Beeelpte
53
+11
-13
+6
Trust Accounts, Btc. Receipts and Expenditures
53
1
39
167
218
1
59
44
91
inued
(C!ont
43
I
(In BllllaBa of dollar*)
Increaant
on gold
Other trust accounts 1/
Seigniorage
on silver
Fiscal year
or Honth
Pecelpte
+20
858
.4
1937
1938
1939
1940
1941
323
349
+24
+35
+20
366
406
46
472
+92
+129
+620
1942
1943
1944
1945
1946
658
949
-UO
1946 -January.
February.
. ,
In the
market (not)
_j/
+40
-16
+61
+1,106
+288
.4
852
+14
+116
+248
+264
+503
+1,669
-647
-1,809
-694
-2,874
-1,553
-95
+43
+30
t?l
-167
.138
-87
+37
+153
-9
-190
-37
+57
-174
+94
426
567
820
1.072
2,237
-57
+90
+90
+49
+20
-99
-114
+42
+19
+ 318
Ji
+46
429
219
66
255
292
63
255
171
-165
-5
-164
309
55
141
474
60
306
+102
-3
111
69
62
114
136
78
+55
-119
-227
+22
+36
-68
-16
-22
-6
+34
+5
53
48
-44
-75
-56
April
May
June
+3
July
August . .
September.
.
October.
November
December.
.
.
191+7 -January
£/
etc
Clearing
account
74
168
58
-356
-51
+1
1/
83a
327
325
331
386
Ret
Sales and radesptlona of
obllgatleas
of Oovemnent
corporations,
+ 121
.
March
ce:
*
1,693
2,126
Expenditures
Special deposit
accounts and mlscallBAaous funds 2/
.
.
57
Daily Treasury Statement.
Less than $500 thousand.
Includes Government Retirement funds, etc. (See footnote 2.)
Comprises Putllc Works Administration reTolving fund, special
deposits (net), and, during the fiscal years 19^ through 19^^,
2/
-11
-4
-93
+27
-48
-4
transactions In coannodlty food stanq>e by the Department of Agriculture. Conmencing July 1, 19i^5» such transactions are classified
as "other trust accounts."
Net receipts in this column constitute net sales, and net expenditures constitute net redemptions of obligations.
.
.
.
March 1947
11
Means of Financing Cash Requirements
(In millions of dollar*)
Amount requlrod to be financed
FiacBl year
or Bonth
1937
1938
1939
1960
19IH
Total
amount
required
to be
financed
2,77T
1.177
Means of flnancl&c
let
let
budgetary
deficit
Vet
decrease
In public
debt
Het Increase
In General
Vund balance
expenditures
In trust
accounts,
etc. 2/
Bet
Total
amount
financed
Increase In
public debt
2,6U6
7M0
3,275
2,528
let deereaae
In General
^Lnd balance
recdpte
In trust
acccunts,
etc. 3/
3,910
6,900
2.777
1,177
3,862
3,910
6,158
igitz
23, "461
21,1191
igits
6U,27U
191A
61t,307
57, '•20
51,l»2l»
19'*5
58,1170
53. 9^*1
igus
a.aoo
20.676
March
327
1,593
-2U3
-1,902
3,201
295
April
May
June
3,705
2,1*7
It, 298
1.591
1,131
873
2.U11
1,316
3,161
3, "133
272
2,lti»7
2,398
118
265
U,298
'1.298
2,257
1,223
868
1,105
1,152
2.177
UlU
2,257
1.223
868
2,209
989
868
231*
-1.723
1.837
1.255
3,128
257
3.163
•20
165
-W»5
628
-706
I9U6- January.
February
July
Au^st
.
.
.
September.
October.
HoTember.
December
.
.
19U7-January
Source:
1/
2/
U,ltgU
7'W
3.910
6.900
6.g5
10,662
",529
1.613
338
2,222
2,257
i,>«eo
53't
"11
*,307
1.3^6
327
1.593
128
338
9117
5,99^*
3
98
,210
t35
906
Wl
23,
6U,27i»
6U,307
57,679
10,7Uo
772
327
791
10,1160
5T7
1.593
3.705
72't
Bally Treaaiiry Statement.
Includes amounts for public debt retirement whloh are chargeable to
the sinking fund, etc., under special prorlslons of law, and Includes
Government corporations (wholly owned), etc., (set).
Comprises trust accounts, sales and redemptions of obligations of
23,"t6l
6it,27'i
58.»70
21,200
l,0)t2
.
.
2,777
1.177
622
1|8
2,101
156
l»20
l.'"05
15
Use
163
3,163
125
628
628
GoTemment corporations, etc.. In the market. Increment on gold,
seignlora^ on silver miscellaneous funds and accounts, and beginning with JtHj 19116, a clearing aocount for outstanding checks.
Increment on gold excludes expenditures for national bank note
retirements.
12
Social Security Program: Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(la
TiBcal jaap
or aonth
iUlons
of dollars)
Treasury Bulletin
.
,
9
9
*
. .
. .
. .
5
.
1?
March 1947
Social Security Program
Section
I
(Continued)
-
Budgetary Receipts and Expenditures
-
-
(Continued)
Table 2.- Railroad Retirement Account
(In
mlUlou
of doUaj^)
IxfoaAltvroa
Faoalvto
riaeal j—r
or Bontk
AlmlslotratlTo
expoiuoa
Carrier*'
Tazlag
Act of
1937
Trmnafera to
Ballroa4 Batlr*•at Aoooant
(trust acconat)
Xxc*s0 of
•XpOBfl-
Hafiais
of
tax**
150.1
109.3
121.0
136.9
170.0
208.8
267.1
285.0
282.6
I9W
19*1
WkZ
19*3
W""
Wk?
19">6
19i*6-JanuAr7
l>i9.0
2.6
lli6.*
.1
UO.O
a.
.1
123.3
128.2
2.6
3.8
7.6
107.1
120.7
12k .k
lto.9
21k .8
262.7
}08.8
291.9
5.1
3.5
1938
1939
37.11
1W.5
220.2
265.3
311.3
8.5
2.3
295.
2.I1
.2
Tobruary.
March
6i>.6
April
Maj
June
1.3
5.3
65.2
39.0
July
165.5
Soptanber.
2.3
7.6
75.5
October. .
HoTenber
December.
2.1
k.7
77.8
i'''.3
Au^st ....
.
19l*7-January.
ce;
*
1/
.
.7
2.3
'21.6
U.k
.1
.2
1.1
.1.8
26.3
12.8
32.3
-3-2
-6it.?
.2
38.0
37.7
-5.1
-65.0
165.2
163.2
.?
.2
-7.''
.2
-75 .S
.l|
US.l
Wi.o
-It.
,2
-77.3
.5
ita.9
Ult.O
1.5
-
-1.1
^.1
37.0
.3
,0
toroa
2/
Dally Treasury Stataaont.
Lass than $50 thousand.
Includes only eipandlturos from approprlatlona nade specifically for
2/
adjolnlstratlTo expenses relating to the Railroad Retirement Act.
CoTered by appropriations fron the Gansral Fund of the Treasury.
Table 3.- Railroad Unemployment Insurance Act-v
(IB lllloaa of dollars)
Izpaadltnra*
Receipt*
fiscal y*ar
or Boath
AdBlal*tratlT* «zp*as*s (Railroad
Dnaaployaaat
lasaraace Adalals*
tratloo FtBd)
Ilallr«*<
im«arploya*Bt
lAanraBca
eoatrlbntlons
^
1/
1938
1939
19*0
.5
k.9
6.8
8.5
10.3
12.1
13.2
12.9
Wkl
19'>2
WkS
19W>
19''5
19I16
19U6 -January.
5.0
3.k
6.1I
3.5
2.2
3.2
3.7
3.5
Qaa^loyaaat In-
8.2
Ik.
12.6
13.1
Ixoaaa of
•xp*Bditwraa
Boranoa AcoouBt,
UB*i9loyasnt
Tr»t F»ad k/
5
.5
5.0
10.9
Trans f*rs to
Railroad
.1
7.5
3.9
6.0
U.7
8.9
9.6
k.l
-2.1
-2.1
2.7
-.6
.2
,0
.
.2
February
March ....
.
.3
9.7
.5
.5
.3
.5
.
,2
3.5
October.
MoTember
December.
.3
.2
.3
.3
July
August .
September
-2.9
.3
.3
.3
April
May
June
.3
.5
.3
.5
.k
.li
-2.7
9.2
9.7
.5
-3.3
.3
.U
-3.1
19U7 -January..
ce:
•
1/
"2/
~
Dally Treasury Statement.
Less than $50 thousand.
Operated as Railroad Unemployment Insurance Administration Fund.
Represents 10^ of contributions under the Railroad Uneinployment
Insurance Act; the remaining 9016 Is deposited In the Railroad Unemployment Insurance Account, Unemployment Trust Fund (See Section
Kxcludea amounts' appropriated to Railroad UnemployII, Table 3).
ment Insurance Administration Fund equlTalent to amounts of taxes
collected for the period January 1936 through June 1939 frc« employers subject to the Railroad Unemployment Inaurance Act. Those
amounts aggregated $17.7 million and vera distributed by calendar
^
kj
_2/
years, as follows: .1936, $2.7 million; 1937, $5.3 million; 1938,
$6.8 million; and for the first six months of the calendar year
1939, $2.9 million. These amounts are Included in Table I under
Federal Unemployment Tax Act {unemployment Insurance).
Includes only expenditures from appropriations made specifically
for admlnlstratlTs expenses relating to the Railroad Unemployment
Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, 19I1O)
CoTered by appropriations by Congress.
Treasury Bulletin
11^
Social Security Program
Section II
-
(Continued)
Statements of Trust Accounts
-
Table 1.- Federal Old-Age and Survivors Insurance Trust Fundi/
(Cumulative from organlzntlon - In mlllloDB of dollars)
Expenditures
Receipts
Xnd of fiscal
year or fflontb
Appropria-
Total
tions by
receipts
Congress
Investments
17-7
782-7
1,199.S
1,792-1
2,536.2
3,502-«
U,720.7
6,116.0
191*3.
19UU.
19U5.
19U6.
765.0
1,155.0
1,705.0
2,393-1
3,2S«-5
7,5'<9-8
193«1939.
19UO.
19U1.
7,021.3
5,259.5
301.5
UOU-7
528-5
676.3
8,960.7
8,967.8
9,010.1
685-6
696.8
730.5
19U6-November
December.
9,71*0.6
19U7-Jaiiuary.
Source:
1/
2/
87.1
1U3.1
5,711.'*
9,6U6-2
9,66U.7
19.3
U7.U
138.6
275-6
211*.
Reimbursement
for administrative
expenses 2/
Salaries,
Bureau of
Old-age and
Survivors
Unexpended balance
Investments
Insurance^
777-
S.l*
Ul*-6
li,Ui9.3
5,935-5
Old-aee
benefit
payment s
Total
expenditures
1,180.3
19.3
35.1
l,7ltl*.7
12.3
39.1
65.9
2,397-6
3,227.2
U52.lt
99-5
209-3
359-1
669.6
51*3.7
126
5,l*l|6.U
783-5
152.9
190. U
6,6l3.U
936.1*
l,29U.l*
1,101*.
l,''77-5
l,51'*-9
1.272-7
1,306.2
1,553.0
7, 61*1.
9-1
11.6
13.8
195-8
197.0
198-8
1,31*0.1*
Dally Treasury Statement.
Includes transactions effected under the predecessor Old-Age Reserve
Acceunt
Under Section 201 Cf) of the Social Security Act amendments of 1939-
ii,26n.3
93.1*
2/
8,l6«-7
8,11*9-8
8,187-5
In disbursing
officer'
account
In
General
Fund
662.3
1,177.2
1,738.1
2,380.6
3,201.6
1*, 236.8
113.0
5,1*08.9
6,51.6.3
7,51*8.7
1*3.5
1*9.3
7,828.7
8,078.7
8,078.7
295-3
19.2
1.9
3.0
6.1
10.8
.1
.5
6.2
5-2
20.
7.0
2U.5
16.1
32.0
21.1*
35.1
1*1*.
51.8
52.1*
56.1*
Under provisions of the Labor-?ederal Security Act, 19^*7 eelarles for the Bureau of Old-Age and Survivors Insurance are
able directly from the Itederal Old-Age and Survivors Insurance
,
pv
Tmst
fhnd.
Table 2.- Railroad Retirement Account
(Cumulative from organization - In millions of dollars)
Expenditures
Receipts
End of fiscal
year or month
Unexpended balance
Appropriations
by Congress
Total
receipts
Interest on
Investments
IU7.9
lUfi.;
1-lt
268.
1938
1939
19U0
26U.g
38U.9
5-9
390.8
506.9
650.9
871.5
lUU.l
191*1
191*2
191*3
191*1*
3.6
1*98.5
639-lt
8.1*
1,116.9
11.6
17.3
27.2
851*. 2
,U68.1
780.
19U6
1,1*25-7
U2.I1
1,717.8
62.3
3,078.8
2,079-0
2,079.2
191*5
2,016.1
2, 016-1
2,016.1
62.7
62.9
63.2
,
19116-Hovember
December
19U7-January
Source:
Benefit
payments
Investments
In General
Fund
66.2
67.2
6g.l
82.7
92.1
87.0
lOU.g
I9U.9
333.0
515.6
675.7
l,17't.2
1.187-5
1,200.9
500.5
657.0
799.0
785-5
8I5.O
1.6
U.l
1.1
.5
.9
90U.6
891.5
878.3
79.
185.6
298-7
U19.9
5U6.I
676-6
811.0
952.5
I.IOU.U
In disbursing
officer's account
89.2
89.3
"5.3
.2
13.2
10.8
79.
7U-0
2.3
1.8
10.5
11.7
12.8
u
91.5
178-0
318.
13.
IU.7
17.8
i6.it
16.7
18.0
Dally Treasury Statement.
Table 3.- Unefflploynent Trust Fund
(Cumulative from organization - In millions of dollars)
Receipts
Aid of fiscal
year or month
Total
receipts
State
unemployment insurance
activities
Deposits
by
States
1,076.2
1,91U.3
2.857-9
3,971-9
5,215.5
6,6lU.o
8,180-9
9,688.6
1938.
193919M0.
19U1.
19U2.
19U3.
19UU.
19U5
19U6
10, 965.
19U6-Hovember
December.
.
19U7-Janiiaiy...
Source:
1,/
2/
^
11,U68.2
11.521-5
11,522-0
Expend 1 tures
State unemployment Insurance
activities
Railroad Unemployment
Insurance Account Ij
Railroad
unemployment
Insurance
contributions 2/
Transfers
from
States
TranBfert
from Railroad UneiDploys ent
Insurance
i/
Total
axpendItureo
AcLmlnlBtra-
Inveatmeota
Withdrawals
by
States
U14.2
1.8
105.6
181.9
27U.3
353.7
502-5
615.7
105.9
105.9
105.9
105-9
106.3
106.7
10,003.0
10,019.8
10,057.0
652-3
683.6
683.6
106.9
106.9
107.0
7.5
Transfers
to Hallroad Unemployment
Insurance Benefit
Account
payments
Total
Investments
u
tlon Fund U/
1,058-2
1,869.5
2,729.3
3,62l.U
1*, 717.3
5,935.0
7,28U.3
8,5U0.3
9,550.3
Unexpended
balance
Railroad
Unemployment Insurance
Account
18.0
uu.e
82.6
131.5
195.9
192.0
633.8
1,133.1
1,688.2
2,065.U
2,2U1.5
2,302.1
192.0
633-8
1,116.7
1,550.0
1,918.0
2,092.U
2,152.U
2,222.5
3,350.5
1.8
105.9
105.9
105.9
105.9
106.3
106.7
106.9
106.9
107.0
11.
17.
281. U
29.1
58.0
377-9
501.5
U7.6
61*5.1
3,519.3
56.9
56-9
56.9
61*9.1
3,876.3
3,936.2
3,658.8
651.. 3
717.6
It,
012.
3,8lU.5
Dally Treasiiry Statement.
Excludes advance of $15 million from the Treasury and subeeiiaent
repayment, both taking place In the fiscal year 19^*0.
Represents 905^ of contributions under the Railroad Unemployment Insurance Act; the remaining 10^ Is used for administrative expenses.
(See Section I, Table 3.)
Represents anounts transferred from States to Railroad Unemployment
2,373."'
3,7Ul*.l
1U.6
32.3
Ul.U
1*3.2
U3.g
UU.6
61.
80.6
55.
90.9
In
General
Fund
(Special
Deposit
Account)
88U.2
87?.
1,280.5 1,267.0
1,7211.9 1.710.0
2,257.7 2,273.0
3,156.1 3,139.0
1*, 372.5 u, 367.0
5,878.8 5,870.0
7,315.3 7,307.2
7,l*U9.i 7,UO9.0
12.2
13.5
13.U
8.0
7.8
u.o
8.5
7.8
31.7
7,591.9 7,561t.O
7,585-3 7,56l».0
7,609.6 7,579.0
23.3
13-7
23-3
In
dU-
burelng
officer's
account
5/
l.U
2.7
3.3
1.5
.3
.3
8.U
l».7
7-6
7-3
Insurance Account equivalent to amounts of taxes collected, with
respect to period from January 1936 to June 1939, Inclusive, from
employees and employers who come within the purview of the Railroad Unemployment Insurance Act.
Represents excess funds of the Railroad Unemployment Insurance Administration Fund (under Act of Oct. 10, I9IW).
For railroad unemployment benefits and refunds.
March
194'(
lb
Cash Income and Outgo of the Treasury
Table 1.- Cash Income and Out^, by Major Classirications^
{In nlllioaB of dollars)
ig"?
igits
Mar.
H«y
June
I»,g38
1,603
65
1,1107
3,392
l,Ug9
73
67
137
"5
377
285
615
U2
6U<
615
35
305
2.790
310
5«U
33
15s
362
3,798
CASH INCOMS
Budgetary
Intern&l revenue:
Income and profits taxes
finploynent taxes
Mlseellaneous Internal revenue.
Customs
Other
Apr
3,87''
5,762
2,732
2,998
U,U7g
36
153
39
162
200
2it5
29lt
2.755
il
Subtotal
Trust funds, etc.:
Unemployment Trust Aind (deposits by States and
Ral Iroad Betl rement Board)
Other trust funds and accounts
33
162
"12
Au£
.
CiSH OUTGO
Budgetary:
Var and defense activities 2/
Veterans* Administration
l>ubllc works
Aid to agriculture k/
Social security prograa
Interest on the public debt 6/
l.Uoh
7'»
290
752
669
"t2
'*5
256
l'»7
SUl
"5
191
2,551
2.717
l»,U81
2,617
2,639
2,886
86
722
M3
370
U,107
37
1)0
209
ItO
221
112
91
177
U2
lUU
155
97
102
217
'103
189
"SglT
259
152
300
"•,277
5,950
"2;93S
3, '•92
"TV73S
2,703
3,016
2,702
255
2,550
31s
32
62
32
596
2,182
'15
10
75
2,Ult2
1.190
"63
36
78
,509
512
101
220
30
y
181
-37
I\
2
^
25
Mo
50
87
67
lUo
85
-1
-132
-It
l»96
56
82
23
913
U2
-96
65
Dec.
85
656
,•17
neome
Oct.
3,550
195
1
Sept
1,513
302
679
uo
182
3,993
Subtotal
Tot al cash
97
6U9
J1U7
1U8
-11
1U6
75
67
103
98
178
,66U
58
693
"7
353
3,815
Its
II
85
-110
253
133
2.892
TsGs
.UU
1,100
kit
96
35
U6
587
5,"
186
2,803
1,196
Ugg
518
139
55
71
66
119
,286
560
llU
"5
U8
876
1,13U
5U9
98
72
69
188
26
-19U
128
68
-102
Government corporations (wholly owned), etc.
(net);
fieconstruetlon Plnance Corporation:
War and defense actlvltlea
Other
Coimnodlty Credit Corporation
'•3
-32
-38
28
3
8
55
612
101
56
it6
3'»
71
577
921
791
335
317
t35
30U
398
TttT
i*,035
3,790
U.S60
2,392
2,868
-rm:
2,805
1.969
3,265
2,564
137
133
113
89
83
61t
55
60
76
28
13
377
29
13
185
30
12
33
15
-115
37
lU
-81
36
13
200
36
13
262
128
322
l40
30"*
371
254
2.988
2.850
"57
2.276
3,6^3
2.827
-616
::m
-1,121
Other
-UU
Other 2/
Subtotal
159
186
3t2
"itIo3F
172S9
135
28
Ik
Trust fxmde etc.:
Qnempl oTinent Trust Axnd
Inderal Old-A^ and SurrlTora loBuranee Trust
PWid
Bal Iroad Bet 1 resent Acoount
Other 8/
-1
-2
-I5U
85
-53
-13
7"»
7
5"
13
-It
101
59
,
53t
Subtotal
711
fiedemptlon of adjusted service bonds
Redemption of excess profits tax refund bonds.
Bedemption of Armed forces leave bonds...
1/
2/
y
1*20
107
177
577
53
36
13
"TT
T^
CASH ODTOO
360
lU
M
3
_Lia
Total cash outgo
XXCKS or
555
31
3.921
Al6a
"m
*.383
5,oi«6
2.923
^3!^
-1,782
1,237
891
310
219
^7
These figures are not intended to reflect the budgetary position of
the Government, and will not agree with budgetary figures on receipts, expenditures, and deficit such as those appearing in the
Dally Treasury Statement and in other tables in the "Treasury Bulletin." For an explanation of the revisions made In Daily Treasury
Statement figures to arrive at this cash series, see the "Treasury
Bulletin." February I939.
Beginning October I9U6, excludes bonds issued under Armed Forces
Leave Act of I9U6.
Comprises Public Buildings Administration, Public Roads Admlnletration, Public Works Administration, Federal Public Housing Authority,
river and harbor work and flood control, Tennessee Valley Authority,
forest roads and trails, and reclamation projects.
5/
0/
2/
S/
2.928
-1,710
Consists of Department of Agriculture expenditures, except forest
roads and trails which are included in public works. Excludes noncash transactions.
Excludes transactions Tinder transfers to trust accounts, etc.
Excludes accrued discount on United States savings bonds, and interest on trust fund investments.
Revised to include "Vork Projects Administration" and "Civilian Conservation Corps," and to exclude "Surplus property disposal agencies"
which, beginning July 1, 1945 are Included in "War and defense activities" above.
Beginning July 19^6, includes clearing account for outstanding
checks.
Table 2.- Total Cash Income and Outgo, by Months
(In millions of dollars)
Apr.
Calendar year
May
June
July
Aug.
Sept.
829
1,675
3,358
3,225
2,934
1,036
2,098
3,686
3,908
2,558
4,687
6,384
6,154
4.736
893
2,198
2.392
3,012
2,703
1,062
3,402
3.313
3,713
3,016
2,621
5,589
6,099
5,597
4,698
770
2,242
2,304
2,905
2,803
1,133
4,738
8,012
8,530
8.967
5,046
5,067
7,045
7.301
5,538
7,766
8,221
7.99'i
T.8^
2,923
2,928
5,989
7.710
7,770
6,648
2,988
6,203
7.654
7,978
6,009
2,850
2,179
3,325
2,146
2,813
310
4,174
4,847
4,909
4,987
4,476
4,364
4.9O8
4,l4l
5, "34
219
-88
3.368
2,121
1,671
1,051
-1,710
Cash Income
1,180
1,502
3,133
4,400
lt,277
3,635
5,319
6,702
7,168
5,950
I9't7
734
919
2,9"^
3,800
3.993
3,948
Cash outgo
1942
1943
1944
1945
1946
1947
2,699
6,521
7,567
7,805
5,630
2,827
2,729
6,422
8,032
7,243
3,921
3,608
7,647
8,575
8,953
4,169
3,973
7,460
7,709
7,826
4,171
4,470
7,449
8,061
8 494
1,965
5,603
4.623
4,004
1,637
-1,121
1,549
4,919
4,899
2,842
-356
-27
2,328
1,873
1,786
-1,782
3,144
5,785
4,351
4,6ci
1,237
3.'t3t
191*2
igits
19ltU
igMs
1946
Excess of cash outgo
1942
1943
1944
1945
1946
1947
3,'t92
"1,383
5,352
4,375
"•.587
891
5,4l2
5,674
3,lo4
47
?,806
5,831
5.604
4.407
't.257
19,257
38,246
48,885
51,376
45,751
5.9M9
7,795
7,461
4,811
2,276
6,996
7,852
8,244
5.303
3,643
57.959
89,334
95,449
87,912
44,925
4,815
5,061
4,496
1,724
-616
4,190
38,701
51,089
46,565
36.537
-827
2,73't
2,965
3,087
2,892
1,971
2,640
896
-614
Treasury Bulletin
16
GENERAL
FUND
OF
THE
TREASURY
March 1947
17
Assets of the General Fund of the Treasury
Treasury Bulletin
IS
Analysis of Change in Balance of General Fund of the Treasury
Tla llllona of dollars • Hat Inoreaaa or net dacraaa* (-)J
Flsc&l 7ear
or Bonth
Total
Changs In
Oanaral
Tttnd
balanca
1937.
1938.
1939.
19 W.
-128
-338
622
191*1.
7'»2
19112.
19l<3.
1911 li.
358
6,515
10,662
19't5.
19116.
Gonoral and
spaolal
aooooate and
OoTcroaant
corpora-tlons
Troat accounta, ate.
Publlo
dabt
aaoounta
Inora-
Truat
acoouttta
Ml gold
2/
(wholly
owuad),
ato.(nat) l/
-2,778 1/
-1,176
-3,862
-3,910
-6,158
ant
2/
2,7ii6
-96
19
I16
U
29
2,528
I135
5,9911
906
37
37
-21,li91
23,1161
-57,1120
6li,27li
-51,lt2ll
611,307
11,529
-10,li6o
-53,9ltl
57,679
-1,613
-338
-2,222
791
675
-20,676
10,7liO
-52ll
-30
772
327
-3,201
295
1^
3,2802/
Februarj
March
.
-577
-l,0ll2
-1,593
1,902
-3, '•33
19'i6 -January.
-1,591
-1,131
-873
-1,316
-3,161
-1,105
-1,152
21t3
.
April
Hay
June
-2,398
-11,298
July
August .
Septomber.
-2,209
-989
-a68
October. .
NoTanber
DeeoBber.
.
.
.
19^7 -January
.
.
Spaolal
dapoelt
aooounte
and mlaoallanaoua
f anda k/
l,20lt
-9't7
Salgnloraga
on allTar
-2,llli
-I199
-72ll
1,723
-2,177
-2,101
-Il20
-l,l>05
-165
-3,163
itli5
-1,837
-1,255
-3,128
1,210
706
628
307
-36
66
92
IW
-99
-51
Checking
accounts of
GoTamaant
agenolaa,
ate. 5/
Clearing
account
6/
March 1947
19
PUBLIC
OF
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
20
Detailed Statement of the Public Debt and Guaranteed Obligations
of the United States Government
PART A
-
FISCAL YEARS, 1937-1946
Treasury Bulletin
.
U
.
March 1947
21
Detailed Stateaent of the Public Debt and Guaranteed Obllsatlons
of the United Statea Gove i nwe n t - (Continued)
PAHT B
(Im
-
MONTHLlt DATA
llllsH
of dtllari)
19X7
19>)£
Ju.
31
r«k.»
Ibr. 31
Pitlla dakt
Interait-baarlDC d«bt:
Pnklle d«bt
Guaranteed Obllgmtlona
Total
37S,001
Hatured debt and debt baarlax aa latereok.
Total outetaodloc
l.l«M
ZT?,"^
Dot. 3I
Ist. 30
Dee. 3I
Ju.
26it,2l7
262,1115
260,929
297,6119
391
378
362
331
258,378
262
268,578 267.363 266,729
26U,60(
262,792
261, a»6
257,980
258,6110
1,196
1,160
1,129
1,360
1,507
1,I|06
273,135 269,898 268,603 267,92i«
265,768
263,918
262. 6U6
259,'>87
26o,oii6
17,02ll
17,007
16,987
3U,ii7e
32,1*78
13.351
13,351
17.033
29,987
10,090
1*9,636
13.351
H9.636
69,<«(
17,000
30,*75
13,351
17,071*
36,1*73
1*9,636
1*9.636
1*9,636
69,6*6
69, (i«
179
179
179
69,686
166
Mai' 31
ud gnarutMd
27>»,7'«
27»,7U
5U2
533
539
S«pt. 30
Apr. 30
178751 575,290
2711, Uit3
Aa(. 3I
271, "rto z6s,iii 267,03? 266,559
i<67
32!"
370
1,199
879, 7ft 276,565
Jtil7 31
1,153
31
y
•bllgmtt»i
273,2'tlt 271, 9«3
l.?75
1,313
Jmi»30
1,321
1,21)0
Pablle dabt
iDteraet-bearlnc dabt:
Pnbllc lasnea:
Marketable leeuoe:
Treaiury bllla
Certlflcatee of ladabtadaaea
TreaatU7 aotea
Traaiiu7 bonde - bank reitrlctad 2/.,
Treaeury bonde - bank ellclble
Peetal aarin^i and ether bonde
Total Barketable leiuee
len-aarketable leeuee:
U. S. aaTln^e bonde
Treaenrj notee - eaTlaca eerlea \l'<Dapeeltarjr bonde
Araed farcee leare bonde
^
Total Bon-aarketabla ieeoaa
Total
pubUe
iaeuaa
fipaelal leauae
Total lateraet-baarlnc debt
17,OU2
111,502
19,551
53,151
68,207
180
199,633
17,0U7
17,05 !•
l«),399
38,itoe
18, 261
53, '•59
18, 261
53.1'59
17,0Ui
36,828
18,261
17,039
31*, KH*
18,261
17,023
37,720
13,351
93,lt59
53,1*59
53,1*59
67,718
180
67,718
67,718
65,86U
65,86U
53,1*59
65,8611
180
180
180
179
179
69,686
179
199,810 197.063 195.079 193. 1187 189,606 187,596 186,350
1811,358
182,318
180,328
176,613
176, UUU
17,032
Ul,Ul3
19,551
53,1*27
68 207
180
29,791
10,090
i»,;b8
8,107
118,692
8,01»3
118,828
l«,917
1*9.035
1*9,320
1*9,1*77
1*9, SI'S
i*9,62U
1*9,709
1*9,776
50,31*3
7,1111*
6,711
6,669
6, Get
6,096
9,725
5,990
It7l
U36
1>«7
1*10
1*00
385
6.003
383
70
5,»Tf
U7lt
7,127
i«9
31*5
31*9
311
602
351
873
57,168
256,801
20,655
277>56
57,206
56,550
96,1(08
56.U72
56,173
56,399
56,566
56,029
56,081
56,31*3
56,1*51
57.157
297,016 253,613 251, i«7 21*9,960 21*5,779
21*3, 99i«
2U2,9l6
2iio,36it
238, »00
236,671
233,061*
233.601
23,01*5
20,897
21,22U
21.1481
7't8
272,711
27l,ltl<0
191
21,135
277,912 27U,
23,i«l*3
23,851*
211,015
2l*,25lt
268,111 267,039 266,359
26U,217
262, U19
260,925
297,61*9
298,378
285
262
2UI
236
595
307
22,332
21*,
585
21*,
777
frapajaaate en eacurltlee
Matnred debt ea whleh lateraat haa eaaaed
Debt bearing no lotereat:
Onlted Statee eaTln^a eta^e
Xzceee preflte tax refnad bonde
Special notee of the United Statee:
latarnatlonal Bank for .fiaconetmetlon and
CeTelepDent eerlee
United Statee notee (laee gold reeerva)....
tlepoelte for retirement of national baak
and federal Baeerre Bank notee
Other debt bearing no lotereet
Total dabt bearing no lotereet
Total pnbllo debt oat e tend Inc
260
238
21>lt
209
120
117
1U3
112
lOU
21<C
109
82
191
191
191
191
191
191
191
61
607
6
602
58U
6
596
6
589
6
6
6
579
6
1,171
1,063
1,019
979
376
313
Jl
2U8
278,887
2U8
2ll8
191
191
191
191
191
'1
n
"2
"i
902
890
876
1.116
1,105
1,092
268,270 267,51*6
265,369
263,932
262,277
299,11*9
299,776
1*5
1*5
116
918
279,211l 276,012 273,898
Ovaraataad obll^tlona 1/
Intereet-baarln^ dabt:
Pnbllc leeuee:
Marketable leeuee:
Federal Houelng Adainletration.
1*0
1*1
1*2
1*3
1199
501
I192
500
U2l|
326
31*7
331*
317
286
217
539
51*2
533
51*2
1*67
32U
370
391
378
362
331
262
553
91*1*
552
1*76
333
jn
1*00
386
370
339
27D
39
39
MoD-oarkatabla leeuae:
CoiDmodit/ Credit Corporation U/.
506
Total intereet*bearlQc debt
51*5
Matured debt on whleh Intereet haa oeaaad.
Total goarantaad ebll^tione eutatandln^.
Source:
*
Xj
2/
13
551
1*3
12
558
1*3
Treaeniy Stateaent,
Leee than $900 thouaand.
Ouaranteed eeourltlee held by the Treaaury and eeourlklee eoaranteed
ae to lotereet enl7 are not Inelnded In thle table,
Bank reetrlcted leeuae are thaeo vhleh eomioeroial baaka (banke aoeaptlng demand dapoeite) are not pSraltted to acquire prior to a
apeclflad date, with three exoeptlooe:
(l) oonourrantly with the
Uth, 9^h and 6th War laane and the Tletory I«aa, eoamerclal baake
were permitted to eubeorlbe for limited ioTaetmant of their eaTiace dapoeite; (2) oomnerelal baake mmj temporarily acquire eooh
leeuee through forfeiture of oellateral; (3) oomerclal banke aaj
hold a Halted aaount of euoh leeuae for trading purpoeee.
(See
fiaily
^
kj
^
"Traaaury Bullatla' JSI7 191*6, A-9, A-IO.)
The face value of any yearly eerlee ef United Statee earlnge bonde
and Treaeury aaTlogs notee maturlag froa aonth to month which are
not currently preeeated fov retlreoaat are included in the
intereat-baarlog debt until all the bonde or notee of the eerlee
hare aaturad.
Demand obllgatione etated aa of the prawioue aonth to agree with
the Stateaent of Ouarantaed Obllgatione ia the Ibily Treaeury
Stateaent.
Cooelete of Baconetruotien Tiaaaoa Corperatloa aetea, Seriee X-A,
X-B, and X-C, which were held by United Statee OoTemaant eorparatiena and oredlt aganeiee*
Treasury Bulletin
22
INTEREST- BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
DOLLARS
DOLLARS
Billions
pyj,|j(, Qgj,,
Billions
g„j Guaranteed Obligations
270
1937
'38
"39
'40
'41
'42
-43
"44
-END OF FISCAL YEAR-
-45
'46 Jon 31,
_J 1947
Office of the Secretory of the Treosury. Division of Research and Statistics
END OF FISCAL YEAR-
B-462-C
. .
.
,
.
March 1947
?3
Special Issues to United States Govemnent Agencies and Trust Funds
(In
BnrrlTOT*
Trust Fwid
1,558
2,676
3,770
k,775
6,120
19^
19*3
7,885
10,871
95
103
Wk*
i">,2e7
19*5
19*6
18,812
28,332
98
97
56
199
38
26
20
3,Uk
1,867
1,710
2,273
11
19
18
18
17
268
k9
39
352
1,213
3.187
5,2ko
k6k
782
92
178
319
501
657
5,k06
5,k06
5,586
k5
k5
k6
606
606
612
2,lk8
2,lkk
2,106
k,k50
k,6aD
k,785
506
530
592
668
655
6k2
6,7k8
6,7k8
6,668
12
12
12
120
5,581
5,581
5,910
k6
k7
k9
612
612
68k
2,089
2,090
2,177
k,935
5,100
5,8k0
608
6e8
782
667
65k
657
6,588
6,673
6,699
12
12
12
17k
17k
17k
5,910
5,910
6,200
50
50
52
889
939
1,012
2,kOk
2,399
8,388
5,330
5,580
5,570
816
Skk
870
810
796
788
6,6k9
6,78k
6,779
26
26
6,19b
6,190
6,»*0
53
5k
56
1,135
1,207
1,236
8,379
2,3»f
2,381
5,595
5,6k5
5,675
890
906
93«
812
799
785
6,75k
6,85k
6,85k
26
31
31
6,kkO
57
1,236
2,375
5,785
990
815
6,869
31
120
July
August. .
S«pt4«b«r.
23,<*5
Oetotor...
.
2k ,015
2k, 25k
Itoooiber .
2k,5a5
179
179
189
2k, 777
238
Sallj tT—mxaj
Tbeee eeeurltli
public debt tm
66
67
79
7k
796
1,076
l,k69
1,868
2,177
85
85
Source:
1/
m
J?
128
97
88
538
502
589
68k
21,22k
21,kai
22,332
19kT-Juau7...
316
396
k73
559
656
537
April
»Kr
Jmi«
oTa^«r
rmd
5
65
23,85k
500
523
537
5ek
531
Other
TrMt
2/
106
27
37
20,655
20,897
21,135
23, U3
BallToad
F«tlr«-
3,133
k,Okk
k,766
5,308
5,910
19k6-J*a<ur7..,
P«bruAr7
Msroh
.
Poctal
B«Tlae*
Srstaa
Corpoiv*
tlOB
267
66e
1,177
1,738
2,381
101
36
90
0OT»ni•Bt Llf*
iBfloraao*
Luvrano*
tlOB
,
8«rla(a
sdA loaa
nd
flacal 7»ar or aeat^
1937
1938
1939
19kO
19kl
of loUar*)
FMnvl
fmtMtml
S«Io«lt
OutetoDdJiiie at aod of
BlUiou
^
70
85
k,257
5,610
6,7k7
6,699
15
12
12
laolitn Ma**l
laelnled In tbe letallei etct
80 «a< 21.
T— !»«»« MjMta* Same*
!^
mm
Cartirioate Puad, Hatoal Mort«ace Inanr-
P»<, ead Her iDaei^ laeveBse
Guaranteed Obligations Held by the Treasury
1
^
(In allllcBe at daUnre)
"7
Bui of fleokl
xear or Dnth
Credit
Carpomtla
Tederal
Pais
Pe4««l
MortCM*
ooelne
P«kllc
A«tharlt7
Boee 0i«era*
Loan
Corpontlon
25
15
80
2,53k
5,033
8,kl6
9,020
9,20?
57
57
57
57
57
860
830
807
9,0k6
8,998
8,930
57
57
57
383
383
360
780
763
737
9,081
9,l6k
9,205
57
57
57
500
500
500
360
360
360
713
69k
675
9,235
9,815
9,129
57
57
57
30k
500
658
360
360
360
656
6ke
688
9,132
9,126
8,976
57
57
56
26
360
607
8,887
56
97
19k2
19k3
19kk
19k5
19k6
k,079
7,535
10,717
12,169
11,673
kOO
1,950
900
1,591
1,301
263
19k6-J«atKrT...
February
March....,
11,678
1,272
1,191
1,069
61
50
37
IS
3*
AprU
11,373
ll,6k5
27
19
U,673
1,105
1,259
1,301
Septeaher,
10,871
10,826
10,781
October
Voreaber
Deciaber.
10,709
10,685
10,693
July
Auguat.
.
.
19k7-JaBiKl7..,
Dally Treaeuty StateBsnt,
Leaa than $500 thoaaaad.
10,888
Beok of
Weahlngton
351
ai2
580
1,010
737
25
IkO
May
Jime
Antkoo-lt^
xportI^crt
52
57
3,630
883
873
IDk
308
U,508
u,8ee
Tallaj
3.605
e6k
2k3
7
20
1937
1938
1939
19k0
19kl
.
Temeeaee
tlOQ
Plnance
Corpora tla
10
80
85
366
106
13
13
n»
263
398
383
360
363
Tkeaa ia u n l tlaa era aot laalndad la
antaad obUcattana oatatadla*.
'
i
]
ate of guar-
Treasury Bulletin
zk
Qoaiputed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed
Obligations of the United States Govemnent
(ABDimta in mlllloiu of dollars)
End of flacal
year or Booth
Coaputed
Int«r«a t-baarlne
debt outatandlns
annual
in t« rest
charga
Coi^atad
annnal rata
of Intareat
(Percent)
Co^utad
Intereet-bearlng
debt outatanding
1,0U7
1,068
1,1*9
1,203
1,335
2.588
2.579
76,517
139, "iTZ
S01,059
1,729
2,759
3,869
256,766
268,578
'',969
278,001
278,^51
275,290
5,''72
5,''87
April.
Maj...
June,
273, Sl^*
July
August ....
Septaabar.
267,363
266,729
October.
HoToabar.
19">5.
L9H6-Jannar7
February.
March
.
Deo«aibar.
19>>T-Jannar7.
Source:
1/
*,665
*,853
5,*50
5,*98
6,360
123
U7
2.633
2.*98
2.052
1.978
1.83*
'',5*9
85
81
20
5
7
1.861
1.968
1.335
1.321
l.*10
2.51V
1.2,376
2.li38
W,387
2.260
1.978
1.925
1.935
1.995
71,968
135,380
199,5*3
256,357
268,111
1,6**
2,679
3,8*9
*,96*
5,351
2.285
1.979
1.929
1.936
1.996
k,092
1,516
*09
*67
1.968
1.970
1.978
277,1>56
5,*65
277,912
27»,7*8
5,*-79
5,'A5
5,*38
1.970
1.972
1.979
5*5
539
5*8
1.338
1.3*9
1.353
5,'i30
5,k2't
1.987
272, 7U
1.99'>
271,*li0
5,357
1.995
268,111
5,*23
5,*17
5,351
1.969
1.996
1.996
533
5*2
*67
1.35*
1.3*8
l.*10
5,368
5,371
5,358
2.008
267,039
266,359
26* ,217
5,363
5,366
5,353
2.008
2.015
2.026
32*
370
391
1.618
1.517
l.*73
262,792
261,286
257,980
5,3^
262, *15
5,30"i
2.035
2.0*6
2.056
260,925
257,6*9
5,3*3
5,339
5,299
2.036
2.0*6
2.057
378
362
331
l.*97
1.520
1.580
258,6110
5,327
2.059
258,378
5,322
2.060
262
1.6*2
19>>1.
19Wi.
(In BilllonB of dollara)
2.582
2.589
2.600
2.583
2.518
2.53'>
'•5,336
"•T.STk
19"»3.
Computed Ccoiputed
wnniiwT rate
interest of intareet
charge
(Percent)
92*
9*7
1,037
1,095
1,218
lil,l.28
19l>2.
latereet-baarlng
debt outataudlng
35,800
36,576
39,886
Ii0,lt65
19>iO.
Intereat
charge
Oflvatad
annaal rata
of Intareat
<PwraaBt)
(In illlcas of dollsxa)
(In v^lllaoa of dollars)
1937.
1938.
1939.
Guaranteed obligations 2/
Public debt 1/
Public dabt and gaaranta«d otllgatlona
271,983
268,578
26l>,608
5,357
5,3''l'
2.
on
2.025
Dally Traaaury Stateasnt.
Traaauzy bills are Included in Interest-bearing debt figures at facs
SBOunt, but for purpoaes of calculating the ccaputed annual Intareat
charge and the coaputed rate of Intereat, the discount ralua is used.
7or the purposes of coaputing the nnmuil interest charge and rata of
2/
121
112
109
interest en Oil tad States sarings bonds, Series A-K are oooaidered
to yield 2.90f per annun and Series T is ocoaidered to yieU 2.53^.
Guaranteed aecurltiaB held by the Treaaury, and securities guaranteed as to intereat only, are not Included in this table.
March 1947
??
Statutory Limitation on the Public Debt
aa
Section 21 of the Second Liberty Bond Act,
amended, provides that th« face amount of obligations
Issued under authority of that Act, and the face amount
of obligations guaranteed as to principal and Interest
United States (except guaranteed obligations
shall not exthe Secretary of the Treasury)
by the
held by
ceed in the aggregate J275 billion outstanding at any
one tlae.
Obligations Issued on a discount basis, and
subject to redemption prior to maturity at the option
of the owner,
are Included In the statutory debt limitation at current redemption values.
,
Table 1.- Condition as of January 31, 1047
(Is MlUlons of dollars)
NazlauB aaoimt of securities vblch nay be outstaadlng st aof one tlae, under UjattatlcBs l^weed by Section 21
of the Second Libert/ Bond Act a£ aaended
275,000
,
Aaoimt of securltlee outstandli^ subject to such statutory detet llxltatloa l/:
Garenment
U. 8.
secia-ltles Issued under
tile
258,861
Second Liberty Bond Act, as aasnded
270
Guaranteed securities 2/
Total anount of securities outstanding subject to statutory debt llMltatloo
259.131
Balance Issuable under such authority
Source:
1/
15,669
-
Public Debt Serrlce.
Tot coaparlson with the total public debt and guaranteed securities
3/
outstanding, see follovlng table 2.
Szcludes guaranteed securltlee held by the TreaAvzy.
Table 2.- Analysis of U. S. Govemaient Securities Outstanding Subject to Statutory Debt Limitation
and Oomparlson with the Public Debt Outstanding, January 31, 1M7
(In llliooa of dollars)
Public debt and guaranteed obligatlooa outatendlng
Subject to
statutory debt
llBltatlon
Public debt and guaranteed obligations outetazkdlng:
Public debt:
Interest- bearing securities:
Marketable Issues:
Treasury bills
Certificates of Indebtedness
Tressury notes
Treasury bonds - bank r«strlct«d l/.
Treasury bonds - bank eligible
Postal saTlnge and other bonds
29,791
10,090
l>9,636
''9,636
166
69,686
166
166
176. MUi
69,686
176,278
Hon-Barketable Issues:
n. S. saTlngs bonds (current redeMptloo Talus).
Treasury sarlngs notes
Depos 1 tary bonds
Arasd forces lesTS bonds
50, Sits
351
873
5,590
35i
873
57,157
Special Issues to Goremment sgenclee and trust funds.
50,3l»3
5,590
.
57,157
2'',777
g''.Tr7
Total Interest-bearing securities
258.212
Matured securities on vhlch Interest has ceased
Obligations bearing no interest;
ITnlted States sarlngs stamps
ExcsBS profits tax refund bonds
Special Notes of the United States:
DeTelopment Series
Currency Items, etc. 2/
17,07'i
17,07*
S9,791
10,090
Total arfcetable Issues
Total non-marks table Issues
lot corered by
statutory debt
limitation
166
258,378
299
307
76
26
76
26
International Bank for Feconstructlon snd
2W
2li8
7li2
7li2
1,092
258.861
Total public debt.
7't2
350
Total obligations bearing no Interest
915
259.776
Guaranteed securities ^:
Interest-bearing securities.
Matured debt
262
Total guaranteed securities.
270
g??.^l
Total public debt and guaranteed securities outstanding.
Source:
1/
2/
Public Debt Service.
Issues vhlch ccnm»rclal banks may not acquire prior to a specified
date (with minor exceptions). See fool3iote 2, page 21.
Consists of United States notes (less gold reserre)} depoaite for
262
T_
^
7_
270
915
260
.0116
retirenent of national bsnk and federal Bsserre Bank notee; and
other obligations bearing no Interest.
Excludes guaranteed securities held by the Treasury.
Treasury Bulletin
26
Analysis of Issuance and Retirement of Public Debt
(In mllllcma of dollflra)
Pubis
d«bt
outotandlng
end of
flecal
year or
ontli
Tlsc&l year
or BQOtil
Public debt receipts
(laeuance of public debt)
Public debt expenditures
(Betlreaent of public debt)
Public iPBues
Bet
change
Public Issues
In
Certifl
catee of
Indebtedness
apeclal
serlee
puWlc
debt
during
flecal
year or
Bonth
Cash
1/
,
apodal notes
Az«»d
AdJuat«d forces
eerrloe leare
bondB
2/
1937
1938
1939
19*0
36,*85
37,165
Wkl
1*8,961
l40,llllO
li2,968
19*2
19*3
igkk
72, "128
W*?
136,696
201,003
258,682
Wkfi
269,l<22
278,887
19't^-<'anuar7
February
March
.
.
279, silt
276,012
April
273,898
272,583
269,422
-f
Jiina
JiUj
Auguat
2,6*6
9,3e»
9,621
13,08*
13,166
17,8*7
7*0
3,275
2,528
5,99*
23,*6l
6k, 27*
6*, 307
57,679
10,7*0
7
303
17,9U
*91
13*
89*
88
l>
l»8U
12,166
11,273
372
12,8lt*
207
27*
12,182
10,062
9,019
8,ai8
6,371
7,17*
6,02*
2,916
1,223
2,3*1
9,02";
21iO
293
1,**0
1,775
3,281
278
3,13*
8,W.l
10,200
259,776
628
11,*86
-3
7,817
-72lt
-2,177
Certificates of
Indebtednese,
special
series
Special
laaues
70
2*8
Dellj Treasury St*taoB«nt.
Leaa than $500 thouaaod.
Ezcludea certlflcatea of Indebtedneaa, apeclal aerlea.
2/
6,9*3
8,881
9,809
10,638
11,853
*,625
5,166
5,301
5,680
5,816
1,751
2,67*
3,035
8,ai£
3,1*2
567
1,01.1
1,*73
2,1*6
2,896
k
3*, 183
1.81.
31,036
*,111
5,332
6,99*
9,812,7**
8,728
6,288
9,578
3,332
*,95*
3,133
107
31
133
13,703 8,693
58,358 33,67*
89,478 63,202
121, *8o 77,*08
1W,21(8 95,985
303
17,
9U
*91
596
1,**2
18,790
8,*85
8,968
2,820
U8
2*, 185 10,079
2,775
17
11,331
*55
11,21*
9,7*3
10,995
8,236
8,*96
8,610
2,916
1,223
2,3*1
232
252
355
10,862 9,351
9,696 7,908
13,328 10,023
1,**0
1,775
3,281
1*
2*
10,859
2,775
7,283
5,925
6,271
*
761
273
2,820
-1,837
-1,255
-3,128
1/
3,332
*,95*
3,133
6,283
7,395
6,067
263,532
262,277
259,1*9
Source:
5,876
8,318
10,iiU
1*,*10
16,263
9,309
7,669
21,02*
October.
BoT«Bbor
DecaBb«r.
1947.JaLau&r7
596
1,**2
18,790
3*, 183
31,036
-2,U*
Ssptial>«r..
.
1,*99
2,159
2,567
3,151
*,2*1
8,85*
6,376
6,138
-1,316
-3,161
Cash
1/
1,751
2,67*
3,035
2,812
3,1*2
13
12,938
11,600
9,6*3
-1,152
.
Special
Issues
sat •rlea
772
327
-3,201
268,270
267,5*6
265,369
.
•-
Exceee
profits
Extax
changes
refund
bonds
1*1
6,199
*,776
7,*75
7,19*
10,*62
37,16* 30,388
122,632 9*, 961
153,785 123,958
179,159 129,663
150,988 103,116
of tJie
United States
Znt4T&atdoaAl
loiA for
ooaa traction
aid B*T»lop-
3,13*
65
U,*23
8,98*
776
ll22
7,659
63
21.
U
71
Consleta of apeclal aerlea of certlflcatea of Indebtodneas
laauad dlractly aod eolely to Federal Reeerre Banlm,
CoMposltion of the Interest-Bearing Public Debt
Intareat-haarljig puhllc debt outatandlng
(In llllooa of dollars)
Perceot of Intereat-bearloe public debt
Public laauea
Ind of flacal
jear or Month
Bonda
Marketable
35,800
36,576
39,886
*2,376
*8,387
1939
19*0
19*1
19*2
19*3
19**
19*5
19*6
20,13*
22,0*3
25, *1*
26,751
n,968
1937
1938
38,281
57,716
135,380
199,5*3
256,357
268,111
Public leauas
lotaa
RonKarketable
Marketable
onBrk<
able
Certificates
of
Indebt.
edneaa
1,188
1,556
2,151
3,166
*,555
10,617
9,1*7
7,2*3
6,383
5,698
106,6**
119,502
10,*96
21,70*
35,298
*6,090
*9,*62
6,689
9,168
17,*05
23,*97
18,261
3,015
7,*95
9,557
10,136
6,711
3,096
i6,;6i
28,822
3*, 136
3*, 80*
30, *U
79,*1.0
Special
laanee
Marketable
Xan-
arketabls
Market,
able
Vonaarketable
Certlflcatea
of
Indebtedneae
1,558
2,676
3,770
*,775
6,120
100.0
100.0
100.0
100.0
100.0
56.2
60.3
63.7
63.1
62.8
9.*
29.7
25.0
18.2
15-1
11.8
2,508
100.0
100.0
100.0
100.0
100.0
53-2
*2.6
39.8
*1.6
**.6
1*.6
16.0
17.7
18.0
18.*
9.3
6.8
8.7
9.2
6.8
*.2
5.5
1*,73*
17,0*1
17,039
7,885
10,871
1*,287
18, 812
22,332
17.7
17.6
17.9
7.0
7-0
6.6
2.9
18.1
18.2
18.*
11,861.
Iseuea
6.*
3.2
3.3
3.1
3.3
2,303
1,15*
1,308
1,302
1,603
3.3
*.3
5.*
7.5
Special
*.3
7.3
9.5
U.3
12.6
U.O
12.2
1*.*
13.3
13.0
3.5
8.8
7.*
6.6
6.*
2.7
15.0
15.0
1*.7
6.1
6.1
6.2
7.5
7.5
7.7
6.7
6.7
6.8
2.6
2.6
2.5
l*.l
13.6
13.0
6.2
6.3
6.*
7.8
7.9
8.3
*.8
*.o
2.5
*.3
6.0
7.2
7.3
8.3
19*6-Januar7 ....
February .
March
277, *56
277,912
27*. 7*8
121,538
121,81*
121,357
*9,06l
*9,163
*9,18*
19,551
19,551
18,261
8,107
8,0*3
7,365
*1,502
*1,*13
*0,399
17,0*2
17,032
17,0*7
20,655
20,897
21,135
100.0
100.0
100.0
*3.8
*3.8
April
May
June
272,711
271, **0
121,357
121,357
6,7U
38,*08
36,828
3*, 80*
17,05*
17,0*1
17,039
21,22*
21,*8l
22,332
100.0
100.0
100.0
**.5
U9,502
18,261
18,261
18,261
7»1**
7,127
268,111
*9,26*
*9,3*5
*9,*62
July
Au^uat
SeptiMbar
119,502
119,502
*9,730
*9,878
*9,930
13,351
13,351
13,351
6,669
6,688
6,096
37,720
36,*73
3*,*78
17,023
17,02*
17,007
23,0*5
23,**3
23,85*
100.0
100.0
100.0
**.8
*5.2
18.6
18.7
19.0
5.0
5.0
5.1
2.5
2.5
2.3
l*.l
13.7
13.0
6.1.
.
267,039
266,359
26*, 217
6.*
6.*
8.6
8.8
9.0
—
262, *15
119,502
260,925
257,6*9
U9,502
119,502
50,078
50,365
50,726
13,351
13,351
10,090
6,003
5,978
5,725
32,*78
30,*75
29,987
16,987
17,000
17,033
2*, 015
2*, 25*
21., 585
100.0
100.0
100.0
*5.5
*5.8
*£.*
19.1
19-3
19.7
5.1
5.1
3.9
2.3
2.3
2.2
12.*
11.7
11.6
6.5
6.5
6.6
9.1
9.3
9.6
258,378
U9,*89
51,567
10,090
5,590
29,791
17,07*
2*, 777
100.0
*6.3
19.9
3.9
11.5
6.6
9.6
.
October
Roreaber .
Deoeaber.
19*7-Jaauary..
Source:
.
.
..
U9,502
Dally Treasury Statement.
**.2
Uit.7
**.6
*i..9
3.0
March 194:
27
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States
As of January 31 , 1M7
(la
allllon of Aollara)
tmtrani of
law
Descrlptloii of
and
•onth
•corlt/ 2/
y
Flxod-
*turltle«
Callsblo loouoe
claaelfled b/ year of;
Atorltj
Tint
Otto
of
loaue
Tu
tatua
naal
Isnaa
atuTlt7
19117-rob..
Mar..
Apr..
Treaaory bills
Oertlflcata
7/8*
Treaaary bills
Certificate
^/S^
l-lAlt Treaiury note
5.252
-
2/lA7
Certificate
taxable
2/1A6
tanble
5,25*
3,133
Tarious
1,9118
6/26/lHi
arable
taxable
taxable
t
3/lA7
3/15A7
-
Ii/iAT
5,255
2,820
Tarious
i»/lA6
taxable
taxable
Treas\ir7 bi lis
^/S^
Tarloua
11,9511
-
-
3/1A6
Hay..
Treasury bl lis
1,312
Tarious
taxable
Jojlo.
7 /si
Certificate
-
6/1A7
2,775
6/1A6
taxable
July,
7/SII
Certificate
-
7AA7
2,916
7/l/l»6
taxable
tog..
7/g)l
Certificate
-
1,223
Sept.
7/8)t
Certificate
1-1 /2< Treasury note
l-lA< Treaaory note
-
8/lA7
9/lA7
9/I5A7
8/IA6
9/1A6
7/iaA3
Oct.
U-lA* Treasury bond
-
.
-
-
T/Si
Certificate
lOT..
7/Sf
Certificate
-
Sec.
7/g*
2^
Certificate
Treasury bond
-
-
-
9/1 5A7
10/15A7-52
IO/1A7
ll/lA7
Xa/lA7
la/lsAt
Total
ISUe-Jan.
7/8II
2,3*1
2.707
1,687
Certificate
-
l/lA*
2^
Treasury bond
Z-}/ki Treasury bond
-
lo/i/W
partially
taxable
1.775
11/1A6
taxable
3,281
701
iViA<
taxable
partially
-
l-SA* Treasury bond
-
6/1 5A8
Sept.
2-1/2)1 treasury bond
1-1/2)1 Treasury note
-
i/l^AS
9/15A8
Dec.
2)t
Treasury bond
-
-
759
1/1A7
3/15A1
1,115
1,223
3/16/36
ia/iA2
taxable
3,72«
3/15/38
3/15/W»
partially
taxable
12/8/39
partialis
1/15A2
5/15A2
7/15A2
taxable
571
10,395
2,910
19119-Jaiie.
2)1
Treasury bond
-
6/15/I19-5I.
i,oiit
Sept.
2)1
Treasury bond
-
1.292
Dec.
2)1
Treasury bond
3-1/8* Treasury bond
2-1/2)1 Treasury bond
-
9/15A9-51.
12/15A9-51.
ia/l5A9-52-
-
12/l5/'>9-53-
2,098
U91
1,786
12/15/311
12/15/56
Treasury bond
Treasury bond
-
S/lS/^tS-JC.
-
3/15/50-52.
1,963
Sept.
2-l/2)t Treasury bond
-
Treasury bond
-
9/15/50-52.
9/15/50-52.
i»,939
Dec
2*
at
Treasury bond
-
l2/l5/'»8-50.
1-1/2)1 Treasury bond
-
12/15/50
.
.
.
2*
2*
Total
1951-llar..
Jnjle.
Sept.
taxable
taxable
partially
partially
6,682
Totsl
1950-Mar
taxable
taxable
partialis
3,062
IZ/l^/Ug-y).
Total
1^15/38
S.IS"*
3/l5A«-50.
3/l5A«-51.
June.
taxable
taxabls
taxable
taxable
1,1|1|0
50,775
Mar.
la/i/iw
10/16/22
759
IO/19/U2
taxable
taxable
VI5/S3
1,115
partially
taxable
3/15A1
1,186
6/1A5
571
2.635
2,635
8,088
partially
taxable
12/8/39
1,687
S-i/ki Troaaury bond
Treasury bond
2)1
2-3A)t Treasury bond
-
3/15/148-51.
1,223
3/16/36
partially
-
6/15A9-5I.
l,Oll»
-
6/I5/5I-5U.
i/15/iw
6/15/36
taxable
partially
Treasury bond
Treasury bond
Treasury bond
-
9/15A9-5I.
1,292
5/l5/'«
-
-
9/15/51-53.
9/15/51-55.
taxable
taxable
partially
-
Ia/15A9-51-
-
12/15/51-53.
2jl
2)1
yi
Treasury bond
2*
2-lA)t Treasury bond
Treaaury bond
2*
Total
- lS/,15/51-55.
1,627
9/1 5A3
7,9«6
755
9/15/31
2,098
11,996
(Continued on folloving pace)
7/15A2
ia/22/39
1,118
510
l2/l5Al
5,62S
Earliest date
on vhlch coDmerclal baoln
may ovn bank
restricted
taxable
partially
taxable
}}/
Treasury Bulletin
28
Maturity Schedule of Interest -Bearing Public Maricetable Securities
Issued by the United States il
As of January 31, 1947 - (Continued)
(Xn
llllone of dollars)
iaouAt of maturltieB
1952-Mar..
Jane.
as
Treaanry bond
Treasury bond
Treasury bond
2-lA)S Treasury bond
^
-
3/15/50-52.
3/15/52-5*.
-
-
6/15/52-5'*-
-
6/15/52-55.
-
Treasury bond
Treasury bond
Sept.
-
Waal
maturl ty
1,963
l,02l»
5,825
1,501
10/15A7-52.
Oct..
U-l/ltJt
Dec.
3-1/li* Treasury bond
2*
Wret
9/15/50-529/15/50-52.
Treasury bond
riMd-
call
Xtescrlptloa of saourlty
and
moath
Callable Issuei
olasslfled by year of:
saturlty
iBBuei
Tear
Treasury bond
- ia^l5/>*9-52.
- ia/15/52-5H.
1,186
't.939
759
l«9l
8,662
17,012
Total.
9,338
1953 -June.
256
Treasury bond
6/15/53-55-
Sept.
2^
Treasury bond
9/15/51-53-
7,9«6
Dec
2-l/2?6 Treasury bond
12/15/1*9-53.
1,786
2-lA^ Treasury bond
ia/15/51-53.
Total.
785
June
2-1/2^ Treasury bond
6/15/51-5'*.
6/15/52-5"*.
6/l5/5"t-56.
Treasury bond
12/15/52-5"*-
25S
2^
Treasury bond
1955-Mar
.
June
1,627
5,825
6«1
8,662
6(1
Total.
10,890
l,02U
3/15/52-5"*.
2-3A^ Treasury bond
2-lA^ Treasury bond
195»l-Mar..
725
17.138
2, 611
2-7/S?S Treasury bond
3/15/55-60.
2-lA# Treasury bond
6/15/52-556/15/53-55-
1,501
725
2j(
Treasury bond
Sept.
35i
Treasury bond
9/15/51-55-
755
Dec.
2ft
Treasury bond
12/15/51-55-
510
2, 611
Total.
1956-ltor..
2-l/23t Treasury bond
3/15/56-5S.
Jxine.
2-l/U^ Treasury bond
Sept.
2-3A?S Treasury bond
2-l/Ult Treasury bond
9/15/56-599/15/56-59-
l,W»9
6/l5/5"*-56.
982
3,823
Total.
1958-Mar..
June.
bond
3/15/56-58-
2-3AIS Treasury bond
6/l5/5«-63.
2-l/25t Treasury
919
Sept.
2-iyU56 Treasury bond
6/15/59-62.
2-3A?S Treasury bond
2-lA?& Treasury bond
12/15/59-62.
5,28ll
9/15/56-599/15/56-59-
2-lA?S Treasury bond
1959-Jine
Total.
3,"*70
8,75"»
1960-Kar..
2-7/856 Treasury bond
3/15/55-60.
Dec.
2-3A56 Treasury bond
13^15/60-65.
l,l«5
1,1*85
3, '•91
Date
of
Issue
Tax
BtatuB
Xarllest date
OQ vol oh eoamerolal banko
may own bank
restricted
leiuea H/
March
194'(
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued by the United States i/
As of January 31,1947 - (Continued)
(Z& millions of dollare)
Treasury Bulletin
30
Offerings of Marketable Issues of Treasury Bonds, Notes,
and Certificates of Indebteness
Date
terms of
offering
were
announced
Date
But)
subscriptions
tendered
Description of security
tlon
booke
were
opened
(Period to first call
shown In parentheses) Ij
(Date of Issue Is shown in parentheses)
AjDount Issued
Asiount of
Period to maturity
Bcrlp*
In ex-
Cash 2/
Exchange
?or
cash
change for
other
securities
(In millions of dollars)
Sth War Loan eeourltles:
J/
2-l/2)t Traas. bond- 3/15/65-70
k/ik/m
6/12/1*1*
7/20/lA
7/20/1*1*
7/8i6
8/2l*/Wt
8/2lt/l*lt
g/2U/UU
9/20/lA
8/2U/l*lt
7/8^
1*
9/25/1*1*
7/85t
CertificateCertificateTreas. note -
5/,
. .
Certificate-
11/20/Ul*
11/17/"*
U/20/U*
U/IT/Wt
11/20/UU
(Z/l/W)
(6/26/1*1*)
(6/26/Ul*)
2/19/1*5
1/22/1*5
V 19/1*5
1/22/1*5
2/19/1*5
3/22/1*5
i*/19/l*5
U/11/U5
5/1U/U5
5/21/1*5
7/23/1*5
8/20/1*5
5/21/1*5
7/23/1*5
8/20/1*5
9/12/1*5
10/29/1*5
9MA5
9/2i*A5
7 '8*
11/19A5
12/17A5
7'8*
7/8*
1/21A6
2/18A6
3/20A6
1/21A6
2/I8A6
7/8*
7/8*
7/8*
7/8*
7/8*
5/20 A6
6/1UA6
7/17A6
g/19A6
3/20 A6
5/20 A6
6/1UA6
7/17A6
7/^
10/21A6
11/I8A6
ia/i8A6
10/21/U6
11/18/1*6
12/18/1*6
7/8*
7/St
7/SS
7/8*
7/8*
1/20A7
2/17A7
1/20A7
2/17A7
7/g*
7/8*
9A8A6
Source:
n.a.
1/
^
2/
8/19/1*6
9/18/1*6
yr
2.511
2,511
yr
yr.6B 1/
yr
3.691*
3.691*
(12/1/1*1*)
(12/1/1*1*)
(12/1/1*1*)
(12/1/1*1*)
26 yT.3 B
10 yr
2 yT,9 m
1
788
3.1*92
3.1*92
y
(21 yT.3 m)
3,1*1*8
3-'»it8
(8
7.922
1.550
7,922 1/
1.550:5/
l*.395
lt.395
yr)
1 yr.l m
26 yr.3 m
(21 yr,3 m) 2/
10 yr
8 yr) 2/
(
2 yr.9B2/
i/
3.U16
3.1*16
7TO
7U0
5.0l*3
5.0U3
U.1I47
1 yr
1 yr
u,ll*7
l*.811
811
1.579
I*,
TT
1 rr
1
(6/1/1*5)
(6/1/1*5)
(6/l/l»5)
27 yr
17 yr
5 yx,6
1,579
(22 yr)
7.967
7.967 1/
(ll*
5.281*
5.281*
2.635
2.635 2/
i».799
i*.799
yr)
yr
(6/1/1*5)
1
yr.l B
yr
1 yr
(9/1/1*5)
1
J/
(II/I5/U5)
(U/15/l*5)
(12/3/1*5)
(22 yr.l
yr.l
27 yr.l
17 yr.l D
1
1
(lit
yr
2/lA7
3/lA7
U/1A7
6/1A7
7/lA7
8/1A7
9/1A7
IO/1A7
ll/lAl
12/lA7
(2/1/1*6)
(3/1/1*6)
1
(l*/lA6)
1
1
(9/lAb)
I
(IO/I/U6)
(II/I/U6)
(ia/l/U6)
1
l/l/l*«
(I/IA7)
1
2/1/1*8
(a/lA7)
(3/lA7)
(6/1A6)
(7/1A6)
(8/1/U6
)
)
11.689
i*,9io
2.1*70
U.336
11.689 2/
3.1*70 2/
3,768 2/
3.1*70
3.768
1 yp
1 yr
(12/1/1*5)
(l/l/Ufi)
y
y
U.910
2.U70
H.336
1
CertificateCertificate-
3/l/Ug
788
yr
(IO/1/U5)
CertificateCertificate-
770
1
IO/1A6
II/1A6
l/lA7
CertificateCertificateCertificateCertificateCertificateCertificateCertificate-
I*.
1
1
CertificateCertificateCertificate-
Certificate Certificate -
2.909 1/
5.825 J/
1.91*8 i/
1,91*6
m
(6/I/U5)
(S/I/U5)
2-1/2* Treai. bond-12/15/67-72 kJ
2-1/1* Treae. bond-12/15/59-62 5/
Oartlflcata- 12/1/1*6
7/g*
11/19A5
ia/l7A5
2,909
5.825
^/
7/1/1*6
8/1/1*6
9/1/1*6
Victory Loan Becurltlee:
6/
J/'
2-1/2* Treas. bond- 6/15/67-72 J*/
2-1/1** Treas. bond- 6/15/59-62 MJ
1-1/2* Treas. bond-12/15/50
Certificate- 6/1/1*6
l/ef,
Treas. note Certificate Certificate -
1)
8yr)
1
I/I/W6
(IS/l/UU)
Treas. aote .90lt
2-1/2* Treae. bond - 3/I5/66-71 8/ U/. (12/1/1*1*)
(12/1/1*1*)
Treas. bond - 12/15/52-51* 8/
2*
l-l/U* Treae. note - 9/15A7 5/
(12/1/1*1*)
Certificate
2/1/M6
( 2/1/1*5)
7/8*
Certificate3/1/1*6
(3/1/1*5)
7/8*
l4/l/l*6
CertificateCi/lAS)
7/8*
Certificate7/S*
5/1/1*6
(5/1/1*5)
.90*
7/8*
7/8*
(
(8/1/1*1*)
2-1/2* Treae. bond- 3/I5/66-7I kj
Treas. bond-12/15/52-5ll
2*
l-l/l*)t Treae. note- 9/15/«7
Certificate- 12/1/1*5
7/git
7th War Loan securltlee:
II
(20 yT.9
(9/1/W*)
(ll/l/Ul)
(10/1/Wt)
8/I/U5
.
1/22/U5
25 yr.9
10 yr
2 yT.9
(6/26/1*1*)
9/1/1*5
3/15/1*6 5/
10/1/1*5
6th War Loan aeourltlee:
10/23/ltU
J*/
Treao. bond- 6/15/52-51*
1-1/U)t Trees, note- 3/15/1*7
Certific ate- 6/I/U5
7/gi5
2?S
yr
3,1*1*0
3,1*1*0
11 m
1 yr
3,77s
3,330
3,775
3,330
yr
yr
yr
U,95U
U,95l*
1*,106
I
1
1
I
1
Bureau of the Public Debt.
Sot aTailable.
In the case of the reopening of a previously offered security, the
period to first call and to maturity are calculated from the date
interest commences on the reopening.
Consists of all public cash subscriptions and of sub-icriptions by
U. S. GoTernment agencies and trust funds.
Figures on amount of War Loan securities issued consist both of
amounts Issued In connection with the DriTe, and of amounts issued
concurrently with Drive to commercial banks and Treasury invest-
2,307
3,133
2,820
2,775
2,916
1,223
i*,li*5
2,31*1
3,203
1,1*1*0
3,1*32
3,281
1,775
3,281
3. 131*
3,131*
1*,S01
3.91*7
l*,7l*2
.......
yr
yr
yr
TT
yr
yr
yr
yr
U,l68
i*,673
k'
5,/
^
j/
S/
^/
ment accounts.
Bank restricted issue. See preceding table (maturity schedule of
interest-bearing public marketable securities) for earliest date on
which commercial banks may acquire this issue.
Beopenlng of previously offered security.
Interest commenced on June 26, 191*1*.
Interest commenced on September I5, 191*1*.
This is the same security that was offered in the Sixth War Loan.
Exchanged as of December I5, 191*1* and accrued interest charged from
December 1 to December 15.
j
.
31
Siaah 1^)47
Disposition of Matured Marketable Issues of Treasury Bonds, ^Jotes, and Certificates
of Indebtedness and Securities Guaranteed by the United States
Date of re-
funding for
exchange
transaction,
or of retireBent for cash
transaction
Description of called or
aturlng secority ly
Aaoont
Disposition
offers by
Treasury
Results of
exchange offers
out-
(Date of laane it staovn in paranth«aea)
Kxchange
standing Cash
Seretlr«- •scurlty
chaa^ed
offered
ect
Turned
In for
caah
Description of nev
security offered
Percent
•X-
cbanged
(In BlllloDB of dollars)
7/g*
7/8*
9/1/Ul.
9/15/''l'
CertificateCertificate-
1/U*
it
g/l/UU
Treae. note Treas. note -
3>t
99
t/Si
U2g
90
7/8)6
602
33
185
98
95
66
(«/2/'>3)
(9/15/''3)
2,5U5
U,122
2,5U5
U,122
2,511
3,69U
9/15/1*!*
(l/31/'tl)
g/l^/"*!*
(12/22/39)
635
283
655
2g3
g/l/Wt
9/1/I*''
h*
918
91g
7gg
130
3,519
3,5UO
3,519
3,5UO
3,U92
3,Ui6
27
12U
99
96
{12/15/2U)
1.03T
1,037
911
126
(2/1/1*1*)
5,0Ug
U12
5,0U8
U12
U,6U9
uoo
395
17
92
96
Totals for exchange transaction of 2/I/U5..
5,U6o
5,U60
5.OU3
U16
3/I/U5
(2/1/Ul*)
(3/15/110)
(9/25/1*2)
2,127
7lg
1.606
2,127
718
l,6o6
2,109
U93
1,5U6
18
3/15/1*5
225
60
99
69
96
Totals for exchange transaction of 3/l/^5<*
U,U51
U,U51
U,1U7
30U
93
U,«77
1,615
U,gll
1,579
66
Treas. tond - 12/15/I*ll-5U
Certificate7/«*
1-1/8* CCC note
2/1 /I?
Traas. note Treas. note 1-1/1** Treas. note -
.90*
3/U*
2/1/1*5
2/15/1*5
3/15/U5
(7/21/111)
J
2/1/U6
'7/g*
Certificate-
3/1/U6
99
98
7/g*
7/g*
Cortlficato Certificate -
U/1/U6
5/1/U6
.90*
Treat, note -
7/1/U6
7/8*
Certificate
-
5/1/U6
Certificate -
9/1/U6
1*/1/1*5
(U/l/UU)
5/l/>15
(5/l/l*U)
U,g77
1,615
6/1/1*5
(6/26/Ul*)
U,770
U,770
755
755
U,lg7
723
5g3
(6/1/39)
32
8g
96
89
6/I/I15-U7
35
5,525
5,525
U,910
615
8/I/U5
(g/l/UU)
2,511
2,511
2,U70
Ul
9/1/U5
(9/1/UU)
(9/16/35)
3,69U
1,21U
3,69U
1,21U
3,
"^9
907
265
307
Totals for exchange transaction of 9/I/U5..
U,90g
U,90g
53W
572
IO/I/U5
..(10/1/VU)
3,U92
3,U92
3,UU0
Certificate- I2/I/U5
7/g*
3/U*
Treas. note - 12/15/U5
2-1/2* Treas. bond - 12/15/U5
(12/1/UU)
(12/18/UO)
(12/15/37)
>',395
U,395
531
5U1
531
5UI
Totals for exchange transaction of I2/I/U5.
5, ''67
Certificate-
7/8*
9/1 /I'?
I
Certificate7/g*
2-3/Ut Treae. bond-
Certificate-
7/g*
10/1/1*5
12/l/lt5
1/1/U6
3*
1/1/U6
.90*
7/g*
7/g*
3-3/U*
1*
7/g*
7/8*
7/8*
1*
3-1/8*
.90*
7/g*
7/g*
7/g*
2/1 /U6
3/1/U6
3/15M{
U/i/ug
5/1/U6
6/1 /U6
6/15/1*6
[
7/1/1*6
8/1/1(6
9/1/1*6
10/1/1*6
11/1/1*6
12/1/1*6
12/15/1*6
3*
3/1A7
3/15A7
Source:
tt.a.
p
1/
2/
^
Conrersion
bond
Treas. note -
CertificateCertificate Treas. bondTreas. note -
CertificateCertificate Certificate Treae. bond Treae. bondTreas. note -
Certificate
-
CertificateCertificateCertificateCertificate-
9/15/U5-'*7
1/1/U6
1/1/U6...
2/1/U6
3/1/U6
3/I5/U6-56
3/15/U6
U/1/U6
5/1/U6
6/1/U6
6/15/U6-Ug
6/I5/U6-U9
7/1 /U6
8/1/1*6
9/1/U6
10/1/U6.'
11/1/U6
12/1/U6
7/8*
1-1/2* Treae. note - 12/15/U6
7/816
1/1/U7
2/1/U7
Certificate - IO/I/U5
1/1/U6
Treas. note -
Certificate -
Totals for exchange transaction of 6/1/1*5*.
6/1/1.5
.90*
[7/8*
CertificateCertificate-
7/8*
7/8*
SAW
7/g*
1-1/U* Treat, note - 9/15/U7
Treas. bond -12/15/52-5U
2*
2-1/2* Treat. t>ond - 3/15/66-71 2/
Certificate7/g*
1-1/2* HDLC bond
U/1/U5
Treas. note - 3/15/'»6
92
10/1/W*
12/1/UU
CertificateCertificate-
U*
12/'5/Wt
8/1/^5
9/1/^5
86
(IO/15/U3)
(12/1/U3)
Totals for exchange transaction of 9/15/'*^'
7/8*
7/g*
10/1 /liU
12/1 /UU
Certificate Certificate -
7/8*
7/g*
7/g*
Conversion
bond
Certificate -
CertificateCertificate note -
1-lA* Treas
.
I/I/U7
I/I/U7...
2/1/U7
3/lA7
3/15A7
(1/1/16)
(12/1/UU)
(2/I/U5)
(3/l/U5>
(3/15/26)
(U/l/Ul)
(U/I/U5)
(5/1/U5)
(6/I/U5)
(6/I5/3U)
(6/I5/3I)
(6/1 /U5)
(g/l/U5)
(9/1/U5)
(IO/I/U5)
(12/1/U5)
(12/3/U5)
(6/5/U2)
(1/1/17)
(I/I/U6)
(2/1/1*6)
(3/lA6)
<6/26M)
16
52
99
7/g
Certificate
2,932
U38
UOg
1,U63
67
82
7/g*
Certificate - 11/1/U6
3,ng
l,6g9
69
3,Ul6
5,OU3
3,133
3,330
U,95U
3,133
g5
89
98
98
7/8*
7/8*
7/8*
Certificate
Certificate
Certificate
2,820
2,820
2,775
2,775
2, 916
2, 916
1,223
2,3Ul
1,223
2,3U1
l.UUO
1,775
3,281
3,330
3,13U
3,9't7
3,9>»7
93
133
-
10/1/U6
75
16
3,Ul6
1,579
U,799
1,036
gl9
U,910
2,U70
U,336
3,uuo
3,77g
3,768
3,261
J7/g*
5,U67
5,01*3
U,1U7
Ug9
1,291
U,gll
93
75
l,OlU
U89
1,291
1,991
1,579
2,025
1,036
819
1,99U
1,2U6
1,995
2,000
2,003
1,U1*0
1,775
3,76g
1/
.
1/1/U7
2/1/U7
3/1 /U7
U/I/U7
7/g*
Certificate
y
7/8*
Certificate
U«7
y
y
y
y
y
87
7/8*
7/8*
7/8*
7/g*
7/g*
7/8*
Certificate
Certificate
Certificate
Certificate
Certificate
Certificate
196
9U
7/8*
7/8*
7/g*
Certificate Certificate Certlflcsts -
-
6/1 /U7
7/I/U7
8/1/U7
9/1 /U7
IO/1/U7
II/1/U7
12/I/U7
3,261
13
3,330
U,95U
3.133
1,948
Biiraaa of the Pablle DeM.
Hot aval labia,
Prelialnary
Original call and Baturity dates are used.
Bank restricted issue.
Prior to the refunding operation of March 1, 19U6, naturlng
1,007
l.OOOp
1,9U8
2,133p
y
y
Iteuee were either paid off la
the priTilege to exchange into
ning vitb that operation, aoae
Treasury into a ttated portion
BOinder corered hy an offering
1/1/Ug
2/1/Ug
3/1A8
full or the holders vera given
another tecurit/ in full. Beginfflaturitles have been split by the
for caah retlraaent with the reof an exchange security.
Trcasurii Bulletin
32
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(ABOoat* In IIIIodb of dollar*]
Doicrlptioa of Dov liioe
Data of
iBtUO
ABOunt of bids aceoptod
NatBTltjr
4ato
luabor of
d«7* to
Htmrltf
19l46-Jan.
Jan.
Jan.
Jan.
Jan.
Fob.
Fob.
Feb.
Fob.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Ms/
May
Nay
May
May
June
June
June
June
July
July
July
July
Aug.
Au«.
Au«.
Au<.
Aug.
1,268.1
1.257.5
1,253.1
1.275.1
"6-7
51-5
18-1
"1.6
1.316.7
1.316.7
1,302.1
1.316.0
17.039-7
17.032.0
17.031-2
17.031.8
1 261
1,2119.2
117.8
"19.8
1.303.5
1.301.8
1.316.5
1.313.''
1.265.5
1,268.6
I'll.
1.30l'.l'
1.312.0
1,517.1
1.310.3
1.315.3
1,277.7
1,272.7
1,263.1
1,272.8
311.3
17.056.3
17,057.2
1»2.5
1.302.9
1,316.1
1,312.1
1.316.9
1.309.2
1,308.2
1,301.3
1,265.5
1.265.8
1.260.5
"3.7
1,315.9
17.0i'7.i
112-5
i.Slii.e
17.0110.5
15.
22.
29.
91
91
91
91
90
1,850.1
1.961.0
1.900.9
1.927.6
1,951.2
1*0.9
1.313.7
1.312.5
1.27''.
39.
17.052.9
17.0U5.3
1.288.0
2U.5
1.309-0
1,301-3
1,316.7
Sept.
5.
Sept. 12.
Sept. 19.
Sept. 26.
91
91
91
91
1.922.8
1.990.7
1.950.6
1.312-9
1.310.1
35 7
1,309.0
1,303.8
1,315.3
17.0U5.0
17.051."
1.310.I'
1.277.2
1.272.2
1.273-5
1.8511.8
1.305.9
1.272.1'
31.,
»V
2-
7.,
May
May
May
May
16.
23.
31.
"t.
11.,
Ig.,
25..
2.
9-
16.
23.
31 .
6.
13..
20.
27.,
5..
11.,
18.,
25..
Juno
June
17.
2k.
31.
BOT.
lOT.
Hot.
lor.
Ik.
21.
29.
Doc.
Doc.
Sec.
Doc.
12.
19.
26.
19>t7-Jan.
2.
Jan.
Jan.
Jan.
Jan.
16.
23.
30.
Source:
Hots:
7.
5.
9.
6.
1,302.9
1.316.1
1.312.1
1,316.9
1.315.9
91
91
91
1,928.2
1.987-8
2.037.3
2.006.1
1.3l't.8
2.015.0
1.309.0
1.303-8
1.315.3
91
1.863.6
2.050.1
1.989.7
1.902.1
92
27.
5.
92
11.
18.
25.
91
91
Aug
Aug
A«g
Aug
Aug
Oct.
Oct.
Oct.
Oct.
Dec.
Dec.
Dec.
Dec.
3.
10.
9-
2.905.0
2.259.5
2.005.3
2.016.3
2.025.2
July
July
July
July
Sept.
5.,
Sept. 12.
Sept. 19.,
Sept. 26.,
Oct.
Oct.
Oct.
Oct.
Oct.
25.
91
91
91
91
91
Jane
15.,
22.
2?.,
8.,
11.
91
91
91
91
Oct.
lOT.
Rot.
Not.
Nor.
1.,
•bo«n IQ
first eoloBn)
I7.0U1.6
all..
\k..
21.,
28.
l,26U.ll
ABoont on
flxod-prleo
kaoio 1/
1.310.5
1,311.0
1,309.6
1,310-0
1,318-2
18.
7.,
ABoant en
eoBpotltlre
kaolt
38-5
62-5
6l-2
60.0
53-7
U.
Apr.
Apr.
Apr.
Ik..
21.,
28.
Total
aaooot
Total blllo
outstandlo^
(at of date
1.253-6
1.250-9
1.256.9
1,262.1
19116. Apr.
J..
10..
17.,
iBOOOt of
bido
toodorod
Anoont of
Baturln^
ioouo
(as of dato
•ho¥D In
firit coloB
I9't7-Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Mar.
Mar.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
May
13.
1.
8.
2,08't.6
2.07't.8
1.98i«.5
1.309.0
1.301.3
1.316.7
.
.
51*.
kU.k
I17.2
38.0
36.8
33-5
17.029.5
17. 031*.
17.037.1
17.0i'l4.0
17. 037.
1"
17.039-"
17.058-2
17.0U7.2
17.055.11
17.055-7
17.0111.1
17. 0^6.
1.313.1'
17.038.9
17.03i'.7
35-3
1.312.0
1.317.1
1,310.3
1.315-3
33-9
35-5
38.2
36.0
27.7
1.309-2
1.308-2
1.301-3
1.313-7
1.312.5
17,019.9
17,027.0
1,312-9
1.310.1
17.019.8
17.015.0
17.009.5
17,007-0
10.
17.
2*.
90
91
91
91
1.805.5
1,892.0
1.895.0
1,767.8
1.307.7
1.315-1
1.310.6
1.305.1
1.278.1
1.278.1
1,270.2
1,269.8
31.
91
1.306.1
7.
91
91
91
1.308.''
1.272.2
1,279-8
1.275-6
1,272-3
92
1.796.3
l,82U.O
1,816.5
I.8O3.9
1,80U.8
1.302.2
l.27''.5
91
91
91
91
1.812.3
1,802.0
1,777.3
1,831.0
1.309.
1.305.
1.281.0
1.270.7
1.270.2
1.273-5
28.0
3U.6
30.0
1,310.
91
91
91
91
91
1.880.5
1.891.6
1.306.9
1,«0'1.7
1.306.6
1.302.0
1,303.3
1,283-1
1.275-2
1,272-u
1.271-0
1.273.8
23.8
31.2
3^.2
31.0
1.307.7
1,315.1
1.310.6
1,305.1
1.306.1
17,006.2
16.997.5
16.993.5
16.990.5
91
91
91
90
1,805.1
1.755-9
1,826.8
1.799.6
1.312.2
1.313-7
1.282-8
1.291.9
X.«79.9
1.216.2
29.1*
1.315.1*
21.8
33-«
26.3
1.313.7
16, 98".
16, 98".
91
91
1.766.9
1,817.1
1.315.5
91
1, 7811.1
1,8111.5
1,289.7
1,287.2
1,282.3
1,291.5
25.9
27.6
26.6
25.0
1,309.0
1,305-5
1,30U.8
91
I.3O8.9
1.316.6
1,303-1'
91
91
91
91
91
2.892.6
2.057.0
l,76l.U
1.311.3
1.311.6
1.315.7
1.316.1
1,311-7
1,292.1
1.287-0
1,287.8
1.292.7
1.286.8
19.1
1.306-9
2''-
1.506.I'
3-
lit.
21.
29.
5.
12.
19.
26.
2.
9.
16.
23.
30.
6.
1320.
27.
6.
1320.
27.
3.
10.
17.
zk.
1.
1,790.7
1,75''. 5
l,70'i.8
1,786.7
Public Debt Service for data on ne« iaeoeo:
Dally Treasury StateBent for data on aaturing leeues and aaounts outstanding.
See Annual Reports of the Secretary of the Treasury for bacA
1.315.''
1.313.7
1,30''.
1.303.
1. 306.il
1.313.7
1.312-5
1.31 '1.8
29-7
37-0
I10.5
}'>-6
29.
ll
27-9
23.
ll
2lt.8
It
1.305-9
1,308.11
1,302.2
1.306.6
1.302.0
1.303.3
17,032.8
17. 033-2
17,025.0
17,039.1*
17. 031*.
17,025-8
16,987.11
16,989.6
l6.999-«
17.006."
17.015.9
17,020.0
17,033.1
17.037.5
17.0"2.6
17.051.7
17.065.8
17. 07".
figures.
1/ Tenders for $200 thousand or leee froa any one bidder are
accepted in full at 99.905 per hundred.
.
.
.
March 1947
33
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
CoapatitlTa blda aecaptad
Total blda aecaptad
Hlfh
Data of
iBlua
Average
prlca
par hondrad
IqnlTalaat
average
rata 1/
Prloa
par
hundred
SqulTalant
rata
1/
(Porcaat)
(rareaat)
99.906
99.905
99-905
99-905
99-905
0-373
0-375
0-375
0-375
0-375
99-908
99-907
99-907
99-907
99-907
O.56U
0.368
0.36s
0.568
0.568
99-905
99-905
99-905
99-90't
0.375
0.375
0.375
0-375
99-908
99-908
99 908
99-908
O.56I
0.561
O.36U
0.560
lUr.
;..
Mar. Ik..
»ar. 21..
Kar. 21.
99-905
99-905
99-905
99-905
0.375
0.375
0.375
0.375
99-915
99.915
99.910
99. 908
0.5'W
0.336
0.556
Apr.
Apr.
Apr.
Apr.
>>..
99.90'*
11..
25..
99.905
99.905
99.905
0.375
0.375
0.375
0.375
99-908
99.907
99 907
99.907
0.560
0.568
0.568
0.568
2..
9-.
16..
2}..
)1..
99.905
99.905
99.905
99.905
99.906
0.375
0.375
0.375
0.375
0.376
99-907
99-908
99-908
99-908
99-908 2/
0.568
O.56U
0.36U
Juna b.
Juna 13.
Joaa 20.
Juna 27..
99-905
99-905
99.905
99.905
0.375
0.375
0.375
0.375
99. 908 i/
99. 908
99. 908
O.36I1
July 5-.
July 11..
July 18..
July 25..
99-906
99.905
99.905
99-905
0.376
0.375
0.375
0.375
99. 908
1..
99-905
99.905
99.905
99-905
99.9011
0.376
0.376
0.376
0.375
0.375
99.907
99.907
99.908
99-908
99.907
99.905
99.905
99 905
99 905
0.375
0.375
0.575
0.375
99907
99.907
99.907
99.907
0.568
0.568
0.568
0.568
99.905
99-905
99-905
99.905
99.905
0.375
0.575
0.375
0.575
0.576
99. 908
9^.907
99.907
99.907
99.906
0.36U
0.368
0.568
0.568
0.572
0.576
0.576
0.576
0.576
99.907
99.907
99.907
99.907
0368
19^-J«n.
Jul.
J..
10.
17-.
Ju.
!>*..
Jan.
}1..
Ju.
rab
Fe6.
fab.
reb.
;..
lU..
21..
it..
.
Hay
Ma/
May
Ma/
May
H..
.
.
Auf.
Aof.
kiie.
Au«.
Au<.
S..
15.
22.
29.
Sepl. 5.
3apl.l2.
Sapt.19.
3apt.26.
Oct.
3.
Oct. 10.
Oct. 1/.
Oct. 2U.
Oct. 31.
99.907
99.907
99.907
99.907
0.5611
0.36'»
0.568
0.36''
O.56I
0.568
568
568
368
568
568
568
56"
0.5611
0.56'!
Mot.
7.
OT.
Sot.
Ik.
21.
o>.
29.
99-905
99- 905
99.905
99.906
Dae.
5.
Dae. 12.
Oac. 19.
Sac. 26.
99.905
99.905
99.905
99.905
0.576
0.375
0.575
0.575
99.907
99. 908
99.907
99-907
0.568
99-905
99-905
99-905
99.905
99-905
0.37*
0.575
0.376
0.376
0.376
99-907
99-907
99-907
99-907
99-906
0.568
0.568
0.56s
0.568
0.372
I9t7-Jan.
2.
Jan.
9.
Jan. 16.
Jan. 23.
Jan. 30.
0-568
0.568
0.572
0.56i<
0.568
0.568
Prlca
Treasury Bulletin
3^^
Sales and Redemptions of United States Savings Bonds
sale
United States savings bonds were first offered for
Bonds of series A-D were sold
In March I935.
Series
between Mareh I935 and April I9IH.
bonds have been on sale since May 1, ig'^^l.
E,
F,
and G
subscribers except commercial banks.
however, were permitted
certain periods
and
to
with
10-year discount
are
bonds
sold
and yield 2.90)8 per annum If
held to maturity. Series F bonds are 12-year discount
bonds sold at 7k% of maturity value, and yield 2.53^
Series G bonds are 12per annum If held to maturity.
these
periods
"Treasury Bulletin"
Series A-E bonds
details concerning
at 1^% of maturity value,
for
Eecember
note
37,
19't-7.
$7,500 Issue price In
bonds were avillable
any
to
one
all
were
limited to
calendar year.
subscribers
These
prior
to
1, 191^0, and to Individuals only after that date.
Purchases of series E bonds are limited to $3,750 Issue
price In any one calendar year, and may be made only by
April
Individuals (defined
limit
for
price
In
year 19^1
any
).
as
one
persons
natural
combined
only).
The
$100,000 Issue
calendar year (*50,000 In calendar
series F and
Series F and
bonds
Is
are
available to all
and
Series A bonds matured In
Series
the
In
outstanding are
until
C
Matured bonds
cluded
bonds
restrictions see
page 36, foot-
19'^6, page
For details concerning
and page A-22.
"Treasury Bulletin" for October
rity or at stated prices less than par before maturity.
series A-D
9,
Investment yields,
features,
In 19'*6.
of
and
19'*'*,
and "Treasury Bulletin" for February
9,
footnote
year current Income bonds, sold at par, bearing interest at 2-1/2^ per annum, and redeemable at par at matu-
Purchases
Commercial banks,
purchase these bonds during
certain restrictions.
For
all
bonds
19'*5,
bonds began
turned
redemption values see
pages A-4 and A-5.
19'*5,
In
to
and series B bonds
mature In January
for redemption are In-
figures on redemptions.
Matured bonds
reflected in the Interest-bearing debt
of
the series have matured,
ceased.
In
accordance with
the
practice of
the Dally
Treasury Statement.
In
the
following tables
at Issue price,
sales
figures are quoted
and redemptions and amounts outstanding
at current redemption values.
Amounts of series
standing are quoted at par.
Table 1.- Summary of Sales and Redemptions, by Series, as of January 31,1947
United States
savlDgs bonds
when they
are transferred to matured debt upon which Interest hat
out-
.
.
.
.,
.
,
33
March 1947
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 2.- History of Sales and Redemtions
Amount outstanding
Redemption* 1/
Ace mad
discount
Sales
plui
Interest-
iccrued
discount
Sal«B
price
Accrued
discount
Matured
de))t
bearing
debt
Percent of
monthly
reJempt Ions
to aaount
outstanding
(In Blllloat of dollars)
Total. Inception to Jan. 3I
X9U7
6U
66,732
1,965
68,697
18,291
5.1J0
1,U92
,
96
65
88
3,215
1.557
6,082
311
11,916
15.721
15,27s
lO.iSi
8lt8
SUl
7
2,371
U,298
6,717
2,358
U.252
6,579
13
U7
3.573
3.113
9,259
379
168
3U9
369
162
9
3i'3
6
13.898
16.339
13.U21
8.067
1,585
1,576
3,321
50,3''3
Fiscal years:
i^JS-lSW
i^ki
1911?
19''1
11,789
19UU
15, ''98
I9't5
lU,g9i
19U6
9,6l2
128
223
387
573
I935-19W
3,itM9
121t
19'tl
3,036
9,157
77
102
169
295
191*5
13.729
l6,olA
15,937
Uglt
I9U6
7.1»37
6iiO
960
622
626
611
668
59U
571
6U
lUg
207
30U
IU3
201
7
2,905
5
6
10,188
ii,3lU
21,256
3U.606
1*5,586
1*9,035
138
Calendar years:
igte
19U3
19'»lt
Months:
19U6- January.
.
rebmary.
March
April
May
June
July
3,3U1
27,363
9
20
86
1*0,361
Ul
Ug,l83
87
1*9,776
50
26
1.29
1.16
1.30
Ug,s?8
l.?7
1.13
1.06
5.558
6.U27
5,1*72
1,023
666
672
629
613
552
6?o
16
63U
15
25
1*8,588
1*8,692
1*8,733
1*5
713
621
605
''5
639
635
552
519
538
505
15
lU
lU
21
19
18
1*8,917
1*9,035
537
U78
U82
520
17
lA
U6
753
67
590
lt5
820
635
September.
it9U
51*
51)8
October.
November.
December.
519
US
U9
6e
952
7I'
1,026
3, 91*9
71"
3,120
828
13
U89
UI8
576
567
502
6U5
Au^st.
3,195
6,IW)
15,050
6
1*9,320
1.09
.97
.97
1*9, 1*77
U67
15
1*9,51*5
lU
Ik
87
1*9. 62U
.98
U9.709
50I4
.!U
1.01
Ug3
6U
50.31*3
11,663
l,lt99
6U
3,100
96
3,215
311
30U
7
65
86
895
lUg
133
1U2
126
5
6
92
96
82
6
72
117
8
106
88
79
1U3
309
2U2
12U
,573
77
576
91
379
155
lOU
369
iMg
97
9U
100
105
107
78
70
8
226
390
179
1*7
9
16
9
U2
29
7
7
31
7
7
31
6
.
\l
103
106
.
I46H
92
96
19U7-January
•
6
29
2U
22
9
9
28
21
16
9
16
7
7
37
30
26
7
7
6
1*9.776
Series A~S
Total. Inception to Jan. 31, 191*7-
Fiscal years:
1935-191*0
191*1
191*2
191*3
I9UU
191*5
191*6
Calendar years:
1935-1 91*0
3,1*1*9
U99
191*1
90
191*2
I9I13
91*
I9UI*
100
105
107
191*5
191*6
87
103
81
71*
2,905
3,650
3,6oU
3,608
3,625
3,585
3,365
25
67
3,195
3.616
3,603
9
6
6
3,616
3,636
7
111
3,1*77
87
3,11*8
30
26
23
3,1*62
Months:
19U6-January..
Feb niary
March
April
Kay
June
16
,
Juiy
August .
September
(•)
.
October.
November.
December.
19U7-January..
9
9
9
33
26
50
16
16
87
6
(•)
(Continued on following page)
3,1*25
1.21
.82
.89
21
3,1*03
.00
19
18
3,382
3,365
.8U
.82
28
23
20
17
16
3,31*6
1.09
3,325
3,307
.89
.79
n.a.
lU
lU
87
33
22
2U
a. a.
n.a.
15
3,1*1*6
3,282
3,263
.99
3,11*8
.78
1.56
3,100
2.77
Treasury Bulletin
36
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemtlons
-
-
(Ck)ntinuedl
(Continued)
RedemptlODS 1/
Accrued
dl Rcoimt
Sales
plus
accrued
discount
Accrued
discount
Sales
price
Aaount
outstanding
( interest*
bearing
dedt)
(In BilllonB of dollars)
Series
Total,
inception to Jan. 31. I9U7
.
.
62JSk
E,
T,
1,251
611,0311
and
l»7,2U3
16,792
Fiscal years:
I9U1
66U
19'«2
5.993
11,789
2
36
5.995
75
75
11.82lt
760
15. '•98
127
28U
"67
15.625
15.175
10.078
292
156
UOS
760
2,286
19''3
I9I4K
lU,g9i
9.612
19''5
19t6
6blt
1
66U
1
1
it.i3it
6
21
6.337
71
b.58ii
17. bits
30.981
"2.000
"5.670
Calendar years:
19'»1
2.537
9.157
13.729
igti
19''3
19114
ib.Oliii
19''5
12.937
19W1
7.'t27
Months:
19U6-January.
February.
12
7'»
195
379
533
9bO
622
626
April
May
June
ue
bb8
59U
.
Harcli
39
39
55
571
35
39
July
August.
September.
753
590
October.
Noveaber.
Deceaber.
519
"53
57b
itl
952
Itlt.figl
.
.
.
.
.
.
I9't7-January...
Total.
Inception to Jan. 3I, 19"?.
Fiscal years:
I9U1
1911
203
3.526
8.271
11.820
11.553
b.739
19't£
19"3
19itit
19"5
1916
51
36
t7
2.537
9.169
13. SOU
lb. 239
13.315
7.961
2,52lt
lit
2ii6
2I15
l.50it
1.502
3.251
5.293
3.263
5.332
6.038
1,008
657
66^
587
537
707
6311
590
52"
627
1*91
BOU
626
5tl
11. ""7
2
12
23.7"6
36.725
39
"it.706
ll6.628
5«1
530
596
"5.126
581
516
U83
"5,U2U
"5.53"
"5.670
500
Mt9
U92
1*55
UU7
"5.97"
"6.152
"b.237
60"
"5.2it7
"5. 308
UUl
it6.3"2
U6,Uit6
560
it5b
kk
i«9b
59
636
392
"^3
58
1,009
395
1.160
"5.8U1
15,33"
15,187
1
203
3.528
60
688
2.095
3.825
5.8"3
U6.628
"7,2"3
1U6
203
33
118
265
11.938
11.618
U3it
7.173
60
689
2.100
3.8U6
5.912
l.l"5
5.999
11
11
10
70
182
209
209
lO.ltlU
1.378
2.993
".925
5.3"3
8.30lt
30.507
20
69
3.671
11.287
21.125
29.097
30.358
2
11
38
80
1.13"
6.923
15.957
25.515
30.727
30.2b3
1
5
Calendar years;
1.1"5
5.989
10.3""
12.380
9.822
19"!
1912
19"3
19"5
1916
353
"93
12.562
10.175
".959
1.380
3.005
".963
5. "23
bUl
367
371
itU
685
5"1
535
33
36
ItOO
"92
550
Itg6
388
3"5
19itit
36
37
kik
5U6
381
373
lt69
30. "25
"39
538
"62
"32
"33
381
352
UUz
397
U06
UJU
390
398
30.3"9
30.333
30.279
365
U.itbb
Months:
19l«6-January..
.
February.
March
April
May
June
It07
5"3
30.870
30.778
30.b35
30.513
321
52
July
August.
September.
38b
U6
3"7
3"
"3
October.
SoTeBber.
Deceaber.
327
29"
370
38
"0
55
33"
ksk
Uio
336
39"
"05
329
386
30.23"
30.233
30.2b3
535
52
587
3"2
335
30,507
.
.
.
191t7-January.
.
.
309
(Continued on following page)
30.358
.
.
March 1947
37
Sales and Redemptions of United States Savings Bonds
Table 2.- History of Sales and Redemptions
-
-
(Continued)
(Continued)
fiedemptlone
Sales
Accrued
dlecouot
plus
accrued
dlecount
(In
Total, Inception to Jan. 31,
IW-
3,350
91
3,Uiii
Accrued
diSCOOBt
SaleG
Total
price
Amount
outBtandlD£
(IntereBtbearlng
debt)
llllonB of dollare)
U28
3,013
Fiscal years:
igiti
'•35
igit"
>•
19^5
19U6
758
802
679
U07
67
67
67
19UJ
19U3
'•35
2
9
19
33
3
3
760
811
17
5«
17
69E
89
57
88
U1*0
1U9
1U7
Calendar years:
I3k2
208
65s
2
19'<3
7l»5
I4
19UU
19U5
19U6
773
595
325
13
I9'*l
Months:
I9U6- January.
208
65U
7
7
35
77
35
77
lOU
25
750
786
621
106
ItO
365
189
lU
13
February..
March
30
27
32
30
It
16
April
May
June
29
2U
32
27
28
13
17
16
13
17
15
31
36
18
25
20
28
17
16
17
17
15
?l4
27
lU
17
17
n.a.
59
lU
n.a.
.
2U
July
Au^at.
uo
. .
September.
October.
KoTomber.
December.
.
19U7-January.
.
23
20
29
53
Percent of
Dontbly
redenptlone
to amount
outatandlag
Treasury Bulletin
38
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 3.- Sales by Series, Classified by Denoail nations
Sal«s la lllloni of dollar! at ioouo prleo
Total
all
daaoalaatlono
PercontaA^ dlitribntion of oaloo
Soaoalsat Ion
$10
1/
»25
2/
»50
tioo
(200
Seaoaiiiatioat
Total
»500
n.ooo
5,000
$10,000
all
doaeaiaationi
$10 1/
$50
aad
$25 2/
$100
$500
aad
and
$200 i/ $1,000
SarlM I
Total, iDcoptioD
thronsli
Jaa. 31, igltT--
Mt.iK
m
lU,3lto
5,963
9,011
32-5
270
5,550
9,U03
197
Ul
637
1,007
1,397
1,326
77U
93
1,119
l.Ugl
2.0Ug
2,100
1.591
100.0
100.0
100.0
lOC.C
lOO.C
lOO.C
229
856
115
138
U50
1.313
1,815
2,163
2,002
1.U02
lOO.C
100.0
1,253
l,UU6
1,119
56U
28
80
19U
11
It
37
39
93
98
100.0
lOO.C
100.0
12
10
1)2
100
100.0
100.0
100.0
1*3
138
117
103
13-3
20.8
33U
7-1
17.5
36.1
6.5
9-7
ao.U
23.0
20.7
21.9
20.8
66.0
U9.8
13.1
71«cal yoars:
ISUl
203
3,526
8,271
11,820
11.553
S.739
igits
19U3
19UU
iSitS
19U6
lU
13
6ie
2,988
3U2
1,081
1,6U2
1,725
910
lt,ili9
3,928
2,101
Ul
8I3
1,71 It
2,58U
2,i«j6
1,102
35.1
3U.6
32.1
13.9
lU.o
13.5
19.3
30.1
29.1
29.7
35.1
CaloDdar years:
nk
93
1,769
3.719
t,2Ul
712
1,390
1.797
258
1,338
2,169
2, 706
3, 21*3
l,itl6
1.8112
1,177
516
«37
168
120
117
73
51
93
51
I49
5"*
117
100
87
53
56
1(2
Its
36
U6
89
86
38
3''7
309
75
38
33
>t5
327
i,iU5
5,989
10,3W»
12,380
9,822
U.U66
I9U1
19U2
19't3
19W1
19>t5
igue
Monthi:
19U6-Jim..,
rok..
Kar..
6U1
367
371
*pr..
Kay..
Juoo.
388
3"^
321
July.
luc..
Sopt.
386
Oct..
fcT..
29'l
77
67
35
31
lt2
Ow..
370
73
36
5^5
77
38
19U7-Jaa.
8
11
U«
9
9
Ul
Ul
55
U7
U5
Ul
55
17
83
21.9
19.9
I7.U
27-0
33.8
32-5
11.
I8.9
16.8
17.7
U2.7
35-5
36.7
31.1
13.7
12.5
11.3
17.1,
37.8
29-7
28.0
16.8
16.9
lil.2
23.8
25-3
2U.i
9.8
11.0
lo.e
16.5
16.5
17.3
U9.9
U7.2
U7.C
100.0
100.0
lOO.O
2U.0
23.U
20.0
10.7
10.7
9.6
17.5
17.1
I7.U
U7.e
us.e
53.0
1U.7
lUl
61
1U.5
lU.U
11.6
59.3
36.2
29.6
29.2
31.8
U3.9
100.0
100.0
100.0
112
102
53
22.6
22. U
21.0
7.1
1U.7
63.5
lOO.C
loo.e
100.0
105
101
9
8
11
8.1
11.9
n.u
100.
257
10.
29.5
36.0
3U.U
35-9
27.1
13.9
13.1
U3.8
Serial f aad
Total
IneepttoD
through
Jaa. 31, 19U7..
,
18,103
19
5,U39
513
3,U77
7,UU7
96
702
1,016
1,156
1,012
901
lU
U9«
696
683
595
556
263
1,055
1,U66
1,U09
1,362
1,172
100.0
100.0
100.0
100 .e
100.0
100.0
355
906
1,116
1,119
933
922
279
63U
611
676
1.331
1,187
1.UU5
1.3U2
1.216
100.0
100.0
100.0
100.0
100.0
100.0
86
63
72
52
"3
U8
159
135
119
100.0
100.0
100.0
125
103
lOU
100.0
100.0
100.0
36.7
Tlical year*:
U61
igui
19U2
19U3
19UU
19U5
19U6
,
2,U67
3,517
3,678
3,337
2,873
6
71
106
13U
109
61
13
lUl
229
291
255
179
Calendar yeare:
19UI
19U2
I9U3
I9UU
1,393
3,168
3,385
3,66M
3,115
2,962
19U5
I9U6
Month!
19Ue.Jaa....
26
98
123
131
gU
U7
57
196
267
293
215
16U
687
670
537
319
255
255
16
rob....
Mar...
ipr....
May....
Joae. ..
203
250
250
lU
13
13
81
77
75
56
53
55
July
367
2U3
185
20
15
12
120
8U
67
83
5U
U2
138
60
100.0
100.0
100.0
193
159
207
lU
71
11
57
13
71
UU
36
U6
61
51
73
100.0
100.0
100.0
U17
15
88
59
251
100.0
.
.
Atic....
lept
r,
Oct...,
Sot....
Hoc...
191'7-'an
11
13
86
1.2
March 1947
39
Sales and Redemptions of United States Savings Bonds
(Continued)
-
Table 4.- Number of Pieces Sold, Classified by Denominations
(Tbouaandt of pl*c«a lold)
OaaoBlaatlona
Total
all
dan OS 1-
natloaa
Incaptlon tbrou4h
J«ou«r» }1. I9kt
$500
$1,000
120.1'»2
l'».799
12.536
552
108
1.698
2.686
3.725
3.535
2.065
»50
(100
7611.12}
159.00U
767
32.832
159.369
353
9.107
28.828
10.637
22.851
221.28lt
«10
l'3.800
3U.U1<7
209. '*80
"5.995
32.083
112.071
2''. 27''
li«.693
»25
y
(200
i/
Tolal,
l.092.'tlj
19.307
Flacal yaara:
1.905
55.967
215.709
305.986
303.116
165.039
H)"!!
l^Ui
19'<3
19U't
I9^i
I3'>b
9.223
8.505
1.3U
125
l.''93
1,975
2.7)0
2,800
2.121
Calandar /aara:
I9U1
13.219
135.227
270.068
320.527
253.078
93.502
19''2
19''3
19UU
IW
I9't6
6.077
3.582
11.381
''.191
2. '•85
18.999
37.060
600
612
2.282
1.751
3.3'M)
3. "''6
9''.35''
2,1420
3.856
2.98U
1.505
2,I>U
2.669
1.870
198. 333
226.213
''7.915
17.8U2
28.915
36.077
172,9'»8
62. 769
37.773
13.757
2U.5511
8, '192
8.985
1.9*7
1.365
1.2IIO
67"
189
7"
6.246
1.29''
723
77
212
99
103
259
6,>>oI>
1,121
1,128
971
7''3
78
68
56
111
110
109
lUO
IJU
133
1U6
126
llU
185
156
1)7
119
110
1U6
li'9
5,7"8
769
918
Noatha:
rebruary
March
9.255
9.081
620
516
509
iLprll
May
Juna
9.238
7.730
b.gUt
523
299
299
6.222
5.355
July
Aa£Qit
Septeabar
7.216
6.8U7
6.033
SM
i',756
276
239
'.572
3.997
Octobar
VoTcsbar
Daceabar
6.227
233
178
158
lt,09><
5. '•71
6.10I4
6.793
153
19U6-Jaauar]r
19''7
-Jaauary
13. ''52
11,666
637
613
1,008
1,015
890
61.2
72
61
599
57
933
836
9U8
639
563
713
61
3.593
3.879
''.129
1.015
12>>
130
818
706
53
72
136
188
Sarlaa f and
Total, lacaptloD tbrou^
January 3I. I9I17
16.]M6
1.0)3
5. ''91
2.53"
60
28
72
216
30)
i.l''9
riacal yaara:
233
2,110
3.251
3.869
3.326
2.32)
19''l
I9U2
19''3
19UI4
19''5
19''6
291
126
77''
l.'*25
1.156
6U9
Calendar years:
901
2.902
),62U
3.821
2.807
2.085
19''l
19l»2
19''3
igiju
19''5
19''6
Montha:
19"6-Jaai>ary
February
March
156
270
325
22U
55
277
1.077
1.317
1.39"
899
US8
215
155
16U
10
5
5
55
38
38
April
May
June
18lt
5
'•2
171
167
5
U
)9
37
July
August
September r
2511
It
181
117
3
3
October
SoTeaber
DeceDber
157
38
130
31
161
39
19>t7-January
II
35
31
15.000
•10.000
Treasury Bulletin
Ko
oalee and Redemptions of United States Savings Bonds
-
(Continued
Table 5.- Sales of Series E Savings Bonds, Classified by States
(In thoataod* of dollar!
I9U6
Total,
inception
through
January 31.
January
191*7
AprU
May
3,658
1.239
2.351
3.586
1.827
2.291
3.327
1.006
2.015
3.558
1.323
2.197
3. "58
1.221*
29.627
28.750
28.1*91*
29.51*2
3.333
5.059
3.161
February
August
July
Septaabar October
Noreaber
Dscenber
19^:
528.930
160.090
.
5U,9gli
826,5149
5.797
8,911
.
Delaware
106,731
3,61*1*
1.215
2,228
28,180
2,738
5.356
Florida
3.383
1.155
2.179
3.032
1.050
1.905
3.551
1.156
26.581
3.207
*,557
23,253
3,868
1,890
25.881
3.066
1.781
23.218
3.001
1.398
26.586
3.361
5,651*
25.199
2,958
5,089
835
961
765
,122
.505
6.979
U.856
6.265
U.l*70
851
6,206
3.607
661
5.691
3,882
5.0gl*
5'*3.929
51*9,839
1,938
8,192
10,335
6.395
1.019
8.693
i*.580
't.997
710
6.851
U.811
11,39'*
i*,809
l*,i*76
i*,U7ii
i*,i*95
1,010
1.070
866
33.329
I.O77
868
3.91*9
81*2
921
91*0
720
828
29.1*63
29.096
30,891
29.193
25.811
9,888
9.750
8.706
8.8O3
9.313
9,222
9.705
10.089
5.1*77
it.737
l*.gU5
5. sol*
8,986
10,391
5.761
3.782
5.662
1*.51S
i*.l37
,638
,710
1.38't
1.606
,50l*
1.267
751
3.231,027
58,136
33.920
Indiana.
Iowa.
KanEae.
1,179,202
1,007,68U
618,855
17, 111
9.726
9,998
16.828
7.7«l'
9.85»t
7.707
10.231
9.585
"•77.967
9,6''2
1*,1*92
i*.851
ii.ogs
506.007
200,657
7.088
2.U65
i*,3l6
l*,097
1.1*25
1,536
l.auo
1.367
590.762
13.979
26,731
28,392
l'.7lK
U.U91
13.35s
15,618
5.012
11.123
15.350
7.721
7.501*
lUll.2gU
.
.
Kentucky.
Louisiana.
Maine
Maryland
Maseachueettl.
Michigan
Mlnneaota.
MiseiSBippi.
1,1*98.871
2,380,011
12,878
ll*,810
559
308. 9U2
1.105,698
12,578
Montana.
MebraBka.
Nevada.
213.555
U85.580
3.268
8.11*3
5't.3'*2
796
383
332
31*5
New Uanpshire.
New Jersey.
New Nelico. ...
128,
1.866
22,087
1,662
961
1,069
12.635
9U3
13.91*3
909
12,377
887
1*5.1*39
i*.7git
93'*.
.
MiflBouri.
1.028
2,118
5.951
875
31*. 573
.
3.351*
3.'»87
Georgia.
Idaho.
Illlnoie.
.
2.217
3.536
1.268
1.973
558.858
of Columbia
Diet,
'(,910
3,598,911
California.
Colorado.
Connecticut.
10.8U8
2,661
286,1119
Alabaoa.
Arlzooa.
Arkansas.
.
.
.
.
.
16't
1.638,519
10't,l'*l
't.820
16, 789
7,235
2.150
10,050
803
627
797
5.789
3.515
5.919
''.133
1.115
952
28.016
1.023
997
27.395
5.397
1.056
29. 839
8.3I6
8,151
1,970
8.771
8.36I
8.701
10,120
5,229
9. 161
13.215
6.127
1.059
3.651*
5.
321
1.358
3.526
3.16I
1.208
3.21*6
3.1*90
3.302
1.216
3.677
3.136
1.321
3.938
10,011
13.987
3.999
10.189
11.285
3,583
9.299
13.030
3.880
10.130
11.992
7.087
2,100
9,008
7.51*8
7.1*51
1.892
9.127
1.730
8,8lO
S.EI8
2,0l2
11.097
1.815
5.227
312
1.965
5.079
1.997
5.125
375
2.270
5.805
888
10,760
760
866
11,125
786
707
856
12.861
928
37.993
3.616
1.882
35.557
1.926
39,061
1.768
2.123
33.932
18. 603
i'.596
18.789
3.11*9
3,086
lt.2i7
l*,lt82
''.338
3.818
12.095
lU,581
10.578
9.3''3
l'*.217
15.572
7,31*3
8.072
1,926
2.21*5
8.658
1.907
10,01*1
10. 808
9.326
1.577
5.557
395
1.588
2.058
5.319
388
5.782
316
1.078
12.983
91*5
777
13,166
789
913
11.771
836
785
gl*6
11.122
926
t6,233
1*3.972
1*0,701
"1.369
1*3.376
5,1*76
5.101
'•.338
l*,B9l*
1.652
2.1*01
2.351
10.1*71*
10.271*
1.716
1.728
i*.i*15
6,1*63
1.733
6.973
7.125
2.090
9.855
1».608
llOl*
5.031
6.356
11,1*78
12.957
3.591*
1.183
5,392
320
10.311
783
1.1*37
31*5
New York
North Carol ini
North Daicota.
5. '128, 128
216,805
2.6U1
1.729
1.509
1.51*6
1,1*91*
1.785
1.90I*
Ohio
Oklaboaa.
Oregon.
2,695,222
521,561
567,662
39.909
10.630
5.626
22.562
U,251
3,651
23,1*31*
21.1*23
23.221*
19.828
i».639
3.771*
i'.3''5
1*,622
21.832
5.011
3.387
3.117
21,706
U.096
3.136
3.275
3.31*8
3.25't
18.383
3.965
3.107
Pennsylvania.
Rhode Island..
South Carolina
3.362,790
250,623
293,069
53.56I*
28,681
I.8U1
2.331
30,311*
29.703
27,1*1*6
28,1*1*0
1.1*97
1.793
2.098
26.970
1.355
1.7I1
21.776
1,617
2,379
26.203
1,526
2.2l7
2l, II9
1.901
2.378
28.391
1.890
2.553
1,162
1,928
27.207
1.719
2.086
1.826
U.606
13,332
2.222
2.56e
3.666
11.911
2,013
1.086
11.705
2.315
3.768
10.660
2.115
3.313
11,069
3,670
1,089
13.378
1.193
528
5.376
l.llO
572
5.916
1.073
169
5.513
1.1*39
538
5.682
1,250
609
8,105
5.520
5.1*97
l*.979
3.751
3.359
8.207
703
3.513
8.178
791
8,7l6
903
161
215
1,180
207
318
905
239
268
759
128
232
276
1.298
100
2
.
592. 708
76,1*89
9.01*6
U.b26
6,181
.
Utah
Vermont.
Virgiala.
20'*,U26
2,71*6
5t9.397
9, 1*53
1,776,78'!
3". 11*5
198.2'*3
South Dakota
Tennessee.
Tezae
3,01*1*
1,101
656
1.709
566
6,283
2.511*
1,635
2,301*
2.531*
3.91*1
2,25U
12,709
3.898
12.379
12.1*76
13.883
1.863
1,281*
1.751*
1.1*93
1*1*5
536
6.36U
U91
6,561
635
6.398
i*.306
2.161*
U,0l*2
13.391*
1,1*36
606
6,717
7.303
5,850
6.222
3,81*3
».15J
8,531
78U
8.62**
IW*
257
985
266
212
2.1*6U
1,311*
1.71*1
l'.51i»
2.570
1,51*7
16,972
5.515
2.801
20.125
6.379
3.352
73.803
779.023
Canal Zone
Hawaii
Puerto Blco
Virgin islands
Other possessions.
7,1*95
15.1*26
6,657
3.563
8.159
1.350
7«l*
1*22
11*1
27,1*81
500
1,82U
653
299
710
238
20
8U
3
3
U
3
1
1
2
76
1
ill
6
63
123
117
116
Ul
11
18
1*5
1*5
10
2
38
-57,028
-gg7
-17,192
H9,i*83
^6.335
-35.1*36
>z?.? ?»
^9.361
-8,112
-1.769
-18.758
-l.llO
Ml. 680, 507
Alaska
12.350
378.150
985.235
90,525
lUj.UTg
. .
905, 2UU
29,631
Washington.
West Virginia.
Wisconsin
Wyoming
11*.
61*0,861
366.977
371.271*
387,810
803
321.069
386.176
31*7.278
308.816
326.791*
293.901
369,595
251*.
311
36.017
1.796
1.015
723
21*6
1,363
223
5.727
3.075
7.636
69U
6,089
3.51A
713
735
5.361
3.226
9.128
733
178
258
1.383
305
278
233
1.075
212
239
227
I.I61
128
178
268
1.077
2I0
8,55'*
5. 716
I.0I3
8.531
7,971*
658
6,019
i*,799
Adjustnent to
Daily Treasury
Source:
P
Daily Treasury Stateaent and reports of Federal Reserve Banks.
PrellBlnary.
31*1*.
. . .
. .
.
.
.
.
.
.
41
March 1947
Sales and Redemptions of United States Savings Bonds - (Continued)
Table 6.- Sales of Series F and G Savings Bonds Combined, Classified by States
1/
(Id ihousAndi of dollart)
Total,
19II6
19U7
Inception
throng
Apr.
Janaary 31,
19*7
llabana.
Arizona.
135,597
Ul,811
82,
AricaniBB.
California.
Colorado.
Connecticut.
'11*7
1.175,156
llt7,63lt
DlBt. of Coluabla.
Florida
Georgia.
Idaho
1.909
l.*78
1.893
1.633
1.956
1.835
UUl
760
"109
UU
*17
U7I1
88I1
571
1.091
9*5
860
1.355
1.019
1.107
Sit?
16.232
1.883
6.911
16.509
2.198
16.722
2.221
5.*50
15.501
1.975
15,080
2.961
3,825
25.5*7
3.229
*.937
16.767
931
1,180
2.596
889
2.893
*.*65
2.I189
18.
2.191
1.299
367
587
1.558
608
82ll
513
1.238
*.02O
12,876
*.052
2.699
12.637
2.329
2.530
11.952
1.31*
1.967
13,860
1,750
2,260
1.137
2.563
2.850
*95
1,718
2,935
583
I.I160
2.625
*13
1.660
2.355
3*8
1.66U
3.207
2,*39
529
27.*3l
18.3211
2.003
395
1U.066
2.059
603
15.091
1.302
505
13.702
2.162
1132
6.190
6.201
2.131
5.305
5.169
3.05*
359
387
595
*.319
6.103
2.72I1
5.96*
8.838
3,109
3.715
1.662
1.629
2.578
1.727
2. 860
1.711
820
1.7*1
l.Wii
2.962
1.615
861
595
I.IW
2.916
5.198
5.1*8
2.617
2,222
2.331
3.511
I. Ills
1,607
1.225
2.871
2.1l'l2
1.006
2.208
3.158
3.900
2.573
586
31.088
1.276
265
19.851
2.710
705
22.613
2.*35
859
20,078
18.789
2.559
629
2U.266
8.213
7.«59
3.623
5.378
5.73*
".105
7.086
8.937
3.B76
6.030
7.158
3,061
5,7*1
7,031
2,529
8.839
7,135
3.673
8.971
8.601
2.81*5
5.01I1
1.981
3.331
2.635
1.206
3,705
2.083
1.7**
3.693
2.15*
2.301
5.281
2.791
1.527
5.536
2.912
Indiana.
1 owa
U09,6oU
.
l»2lt,0Si»
202, OU9
Kentucky.
Loulalana.
Maine
220,219
180,338
109, 52*
Maryland
Hassacbueatts.
Nlchltan
266,1125
>t.286
890,283
522,851
19.876
9.193
Minnesota.
Hlsslialppl.
Nlteourl
361,760
9U,U56
U«9,205
6.612
58,632
937
13't,2g7
18,208
.
Montana.
Nebraeka.
Nevada.
1.3't2
9.615
I.BI13
3.*09
17.079
6.733
5.371
1.100
6.805
NeM t^ereey.
.
.
New Mexico.
.
..
.
New Tork
**orth Carolln
North Dakota.
7.301
2.0118
1.569
*.370
20.107
6.U81
5.173
ll.*25
9,*00
5.*75
19.858
8.770
3.591
12.175
7.339
2.I163
6.527
11.998
6.289
5.830
5.57*
1.158
7.711
5.200
1.360
7.*69
6.795
1.226
10.752
8.675
1.978
10.372
5.587
1.092
8.058
*.733
1.052
6.795
*.707
871
5.92*
1.1128
858
5.371
*.7*2
1,105
7.15*
587
986
918
3.180
290
762
3.8l>8
3.106
155
570
2.923
168
875
2.751
80
811
3.639
262
38lt
6.625
U86
609
5.235
330
689
6.176
396
26U
76
202
936
3.**2
316
3.**0
192
706
2.7*7
261
1.298
9.665
199
I.6I13
1.570
7.562
285
1.2J1
7.955
300
1.305
8.928
202
9.1*6
560
50.872
2.816
1.108
116.56*
*5.537
3.088
1.288
U5.352
3.*13
1.231
**.9*3
2U.383
2.699
I.89U
13.890
I.63U
1.783
15.39*
17.772
1.699
1.700
20,886
2.172
1.219
19.
*5*
25.5811
2.11110
2.057
992
82lt
70,002
571
130,297
ll»7,717
.
Pennsj^lTanla. ..
fihode liland.
South Carolina.
l,U6l,lli7
l't0,896
.
97,370
7.*10
201
2.830
850
U93,326
1.0U9
3.510
7.11}
Utah
Varaont.
37,7"t9
780
'»0,853
990
5I10
Irglnla
2W,521
1«.032
2.533
2l»9,27S
1151,830
3.9*6
1.532
9.203
3.503
1.260
5.962
29,992
1(26
3*7
South Dakota.
Teoneaeee
180, lUg
'laxaa
58,067
.
Washington.
•est Virginia.
Wisconsin
Wyoming
.
93,889
Alaska
Canal Zone
Hawaii
Puerto Blco
Virgin Islands.
Other possessions.
5,322
6,312
55,779
13,593
812
903
Sales to coaaerclal banks 1/...
1.692
5.131
338
2.1111
775
16.037
6.I161
*.7l6
20.792
3.59''
li.U2li
11.0*6
88
2.50I1
1.011
99"*,
.
5.97*
>.083
752
580
2.900
207, '•17
uhlo
Oklahona.
Oregon.
.
I1.68O
17.912
5.988
1.970
3.2I1I1
2,957.663
New Hampehlre.
.
'
1.906
3.762
75,375
571,300
35,009
.
.
5. 308
it.1192
1.62lt
1,*98
3*2
702
68,939
15U,75l
198,09s
i^aaaaa.
Sapt.
2.075
633
1.822
2,200
7,059
uciteo
1,381,796
lUlnola.
.
Aug.
357,59*
.
Dolaware
.
July
173, '*99
.
.
MW
759
U22
1.363
10.085
Uio
lUU
3.653
75*
lllU
53*
5.612
969
36.236
3.276
9*6
2U.003
2.201
988
27.7011
2.567
1.335
22,008
2.15*
1.283
27,582
2.912
1.031
11.593
1.33*
1.62U
9.079
1.260
1.589
11.730
3.320
1.809
7.61I1
3.*91
50.082
*.131
958
853
1.2611
15.58*
1.727
23.515
2.052
2.316
1I1.I129
112.
7.0011
7.016
l.*'i3
20.095
3.0*2
1.668
l.83l»
10.682
1.175
2.211
35.803
2.1U8
1,737
27.321
2.727
1.722
33.133
5.550
2.183
22.59*
2.27*
1.182
15.557
1.57*
1.160
15.832
I*. 757
82ll
1.11611
27.*59
2.322
1.786
1.236
1.068
l.OUl
16.519
1.033
1.231
916
2.301
6.U25
971
2.71*
5.615
1.263
2.66U
5.306
1.51*
3.025
1.169
3.691
6. 918
883
1.8611
6.156
999
2.1*5
5.209
1.271
I.618
*.979
1.157
1.893
3.713
1.521
2.101
5.517
31*
563
2.199
601
508
3.175
510
786
2.828
517
*57
1.001
3.1120
ll.lllB
U03
611
3.137
379
3.381
3.303
3.581
79*
8.125
173
2.60*
1.332
7.656
316
2.820
1.368
7.003
2.865
1.552
8.535
.89*
.306
.161
516
385
I1U5
2.67*
I.U2I
7.583
399
2.*51
1,121
5.*87
523
2
8
11
18
12
901
6
I165
10
22
536
2
19
1.717
1.767
-
7.151
507
I.8I7
2*7
271
iiii3
731
270
3,055
167
1.211
3.039
l.*65
5.709
283
2.I12I1
3.653
2.237
5.91*
521
1
it07
22
18
179
1
28
6
32
358
28
2.183
6.671
-*.536
985
192.577
158. 8I5
206,696
1186
1.111
5.*68
*78
895, uao
.
Adjustaent to
Dally Treasury
Stateaent
.
79
211
122
700
126
13
1.7*8
23
Source;
p
•
1/
6
6
505
38
1122
-l*.283
*8.599
-19,310
255.097
279.952
2*19. 5110
76
9
^11
6
51
3
20
-33,lt3
*8.7llt
8.91U
18,1.03,193
Total.
35
53
5*3
318. 698
255, *27
Dally Traasury Stateaent and reports froa Federal Besenre Banks,
Prclialn&ry.
Less than (500.
State figures exclude sales of Series F and G bonds to coamerclal
banks.
Consarclal banks were perBltted to purchase Series F and Q
-I1O.07I
3*. 963
+(,088
250.157
366.510
2lt2. 7>tlt
185.265
bonds under certain conditions during the calendar year I9II1
(Treasury Bulletin" for December 19**, page 36. footnote 9); from
June 18 through June 30, I9I5 ("Treasury Bulletin" for February I9I6.
page 57. footnote 9); and froa December 3 through December 8. 19I5
("Treasury Bulletin" for February 1916. page A-22)
Treasury Bulletin
kz
Sales and Redemptions of United States Savings Bonds
-
(Continued)
Table 7.- Redemptions of Series A through E Savings Bonds, Classified by States
(Id thousaadi of dollara at currant radaaptlea Taluai)
19U6
Total
Oct. 19UUJ»n. ig"*?
Alabaaa.
ArlzoDa.
ArKansas.
2.0U1
3.129
5.528
2.036
3.238
1*,889
2,171*
1*6.865
37.698
1*2.601
1*0.927
3U, 662
'*.557
7.556
7.506
U.06U
7.017
U,818
8,601*
3,706
6,380
52.163
2.612
6.6U2
36.112
*.596
1*2,836
5,961*
1.222
5.6U7
8.556
1,11*1
1.160
1,062
1,089
652
6.1*75
lt.890
U,83lt
1.117
6.037
7.0U2
1*.23'*
'*,671
1.023
5,368
952
6.71*7
7.1*5'*
6.38"*
1.1*88
5.702
1.507
5.527
1.150
057
51.9'*5
27. 911
6.038
1.288
32.185
11.032
8.255
7,030
10.728
7.796
5.050
9.51*5
10,1*95
6.1*1*5
7.589
5.280
5.035
5.597
1.915
4,991*
U.961*
U.221
5.150
'*,517
It.
1,892
1,695
1.9'*5
7,163
2,59"
3,997
6.316
55,872
5.532
9.625
52.193
5.137
9,1*1*0
58.213
52.179
106, "»70
5.3'*6
•1.880
199,896
.
8,532
2.698
8.578
8,212
1,286
6.301
10,252
1,181
8.65U
7,1*75
1.329
5,368
10,206
7.1''5
7,109
6.969
8.977
1.776
7.'t7't
8.525
2.083
38,658
6,628
2.021
39,897
ll,ll80
7.506
7.1*65
6.211*
1.867
38.296
1,591*
55.591
1.576
55,892
15.155
11.811
l'',792
ll*.20O
13.1*28
12.653
9.525
6,619
8.1*90
8.257
9.271
6.885
12,188
8.011
11.926
10, 785
6.1*27
6,078
'*,171
6.277
6. 311.
7,028
6,719
6.1*99
5.355
5.1''5
5,91*3
5,572
5,298
1.892
5.681*
6.231
2.259
5.552
2.027
'*,73'*
6,661
12,597
27.839
6.155
15,621
26.900
lltO,100
ueorgia.
IdAho
IlllDOlB.
17't,358
37,oU7
930,307
Indiana.
Iowa
371,605
215,798
ilanSBe.
lit6,l»i»l
.
200,108
151, '•9'*
.
'11,292
lb, 183
10.119
7,252
6,721
7.051
1.993
11,300
5.ltl3
1.871
38.926
I*.
1.372
7,377
Louisiana.
Maine
11(9, lt33
Heryland
MaBBachusette.
Michigan
163,692
361,500
781,329
7.12U
5,9'W
lll,822
ll),'*U3
32,316
30. 106
32.631*
Minnesota.
MlBSlsslppl
Missouri.
250,353
80,121
3U2,059
12,120
U.102
17.790
^^37
12,21*1*
••6,053
2.1»39
107,870
17,672
U.628
'•9,769
.
.
.
.
Montana.
Nebraska.
Nevada.
.
few HaDpshlre.
New Jersey.
New Mexico.
.
.
Oregon.
176,6olt
i*,i35
i*,'*3i
i'',«35
17.256
1.990
".587
777
1,113
17.162
1.338
19.231
AlasKa
Canal iione
Hawaii
Puerto Bico
Virgin Islands.
Other possessions...
.
.
.
Adjustment to Da^ ly
Treasury Statement
6,572
3,920
61,251
16,670
1*7'*
1,008
1.1*69
1*7,1*01*
25.559
1*8,597
1*7.698
5.920
1.6U9
6.011
6,oou
1,231
i*.578
i*.9i*i
1,277
1.168
5.757
1.059
27.980
6.373
6,689
29.067
b.382
26.1*63
25,515
6,oU9
2l*,805
5.5'*5
21.809
M.65O
5,61*7
5.757
'*.895
56.586
2.515
35.68'
2,315
52,i*3a
3U.l*86
2,1*9!*
2,185
2,723
2,316
2.061
27.878
1,967
2.61*3
3.117
719
6.5'*3
1.381*
5.900
6.260
2,ob6
2.699
2,929
2.971*
1.61*1*
1.697
1.1*07
i.iiig
6.1*95
22.91*6
1.588
5,586
21,028
1,1*18
7.309
512
6.931*
18.935
5,595
15.310
5.981
2U.817
3.176
726
8,168
2.787
757
2.505
2.1*03
2.11U1*
2,11*3
719
8.10I*
8.990
675
6.651
678
7.251
11,581*
10.955
5.758
10.729
1.098
9.299
,667
i*.696
,857
,656
21*.
5. 611*
11.125
l.lUU
10.051*
I.09I*
820
706
2.1*25
21*.
163
5.580
5.000
55,
8»
2,136
2.506
1.276
5,827
i*.776
19,1*20
16.623
8. 51*3
2,070
658
5.518
2.059
580
6.772
9.273
U.OlO
9.195
63"
8,9l*U
8.25U
i*,l6l
5,73'*
8.521*
7.655
3.606
7.592
'*,098
785
71*9
831
2t|l*
238
1,661
2l6
507
l.'*59
2,1*59
1*1*7
1*66
33
15
200
335
691
665
18
650
6.856
1.356
1.152
1.151
5.157
19.271
2.316
772
7,838
6,1*11
8.1*1*3
265
2UU
'*76
1*61*
1,592
558
1,U68
796
1*73
316
305
2,653
677
10
2.066
972
19
2l*
10
21*
-7.95'*
•26,951*
-10.369
+5,818
50.830
-163
-18.667
+51.769
-19,U2U
20.108
580.652
576.551
1*97.79''
>*66.86U
1*78.811
1*27,263
1*52. 1*15
1*1*2,088
361.223
l*Uli,666
299
220
325
3,359
2,1*1*2
6511
3,719
593
37
21
1,367
is
520,765
361
+1.293
583.3''5
15.186
1,1*02
2.761*
+19,885
1.511*
15,571*
38,55"*
1,901
8,021
29.998
12,509,506
1.09I*
ll*.l*38
1.295
10.153
1.262
91 1*
1.207
7,262
26.U66
10.050
963
1.199
59,201*
tl.l75
10,855
1.153
1.198
I.76I*
1.1*97
"".385
2.600
3,272
2U9,031
22,797
5.827
556
UU.960
6.515
1,690
51.015
2.776
12.211
6.277
10.591
1.298
1.750
5,528
U65
1.525
35.886
2.18U
3.180
01*0
1.750
5.776
51,692
6.738
1.781
7.1*29
It.
1,688
b,080
568
15.3'*3
1.1*27
6.163
10,1*52
1.930
2.878
691
16.85I1
8.329
5. '•70
8.502
2.620
10.716
1,513
15.596
/.530
12.01*3
.
7. 819
2.675
10.360
U65
30.276
7.152
117, '428
.
9.228
2.967
11.160
1.227
lU.821
7.031*
257,636
Washington.
West Virginia.
Wisconsin
Wyoming
13.121*
76"
33.928
11. 31*5
12.U211
1.1*28
6.1*86
10.1t21
11.682
772
36,258
2lU,72't
8.755
2.893
1.1*33
7.721*
536
7.823
3,1*22
9,176
2.722
2,062
3,555
638
32.1UU
2.651
622
Utah
Vermont.
Virginia
6,016
11*. 252
22.202
'*.'*56
031
60,153
15, '95
.
23.555
20.01*5
2.117
9.650
8.691
28.1)80
.
'•,952
11.862
2,362
7.205
1.807
1.773
7.679
591.
7,11*8
i*,911
1.807
3t,578
172,813
562,880
6.759
15.321*
2.8U7
9.1*39
South DaKota.
Tennessee.
Texas
1*,922
5.51*6
i*.925
8.217
1.718
'*,123
U.UsU
5.225
2.163
2.812
12.585
12.931*
5'*.7'*7
2.622
3.955
1,762
6.
1.755
2,526
21*. 73"*
10,211
1.871*
3'*.
7.51'*
31*.
3,020
'*.877
6.13'*
10.272
2,535
27.307
1.516
530
•3'*.
7.11*1
KOT.
12,139
22.966
11,370
3.312
13,127
53,901
1*1.050
.
6.578
11,812
3.505
15.853
1.6U1*
972,983
65,107
80,U71
..
2.160
1'*.557
52.211
7.053
927
,
2,1*67
7.369
15.366
31,513
18.787
1.572
South Cerollna.
.
7.378
15,926
2li7
61 l»25
798,619
165, 02U
.
Peonfi^lvanla.
Hhode Island.
.
19.016
1.769
OJclahou
2.11*6
888
1
1,207,720
163,893
33,162
.
b,209
1,673
1,916
6.102
838
1118,793
3U,3i4C
.
.
31,513
New torn
North Carolina.
North Daicota.
Source:
Note:
5.855
1.911
3.320
5.6UI1
3,299
5.568
2.201
3.206
7,927
3,008
305
7.892
2.826
I*.
876
Ulatrlct ol ColuBbla
Florida
Total
Sept.
l,17'»,92'l
Uaiafcare-
Ohio.
Au«.
>IW
28,623
.
.
July
Apr.
168,929
57,926
91,113
California.
Colorado.
Connecticut.
f.tn tuclcy
l?"*?
305
332
2.750
786
318
Bally Treasury Statement and reports from federal Beeerve Banlcs.
It should be noted that State figures presented in this table are
not necessarily comparable with sales data by States Inasmuch as
bonds which have been purchased in one State may hare been redeemed
Moreover, the figures shown in this table are based on
in anDther.
179
562
931
5
current redemption values, whereas the salep figures are shown
Data on redemptlone by States are not available
at issue price.
prior to October 191*1*.
Preliminary.
March 1947
^3
Sales and Redemptions of Treasury Savings Notes
Treasury savings
ries,
series A
191*3,
notes
from August
were
issued
three
In
through
se-
June 22,
and B notes, see "Annual Report of the Secretary of the
Treasury" for 19'*2, pages 207 and 220.
series B
12,
from August 1, IS"*! through September
series C which have been on continuous
September l"*, 19'*-2. All of series A and B
and
19't-2,
sale
since
notes have matured.
and some of series
Series C
value
each
maturity
19'tl
1,
(3
notes
are
sold
at
par,
and
accrue
month, yielding 1.0?^ per annum
years
from date
of
issue).
In
held to
if
These
notes
may be used In payment of taxes any time after 2 months
after Issue, or may be redeemed for cash any time after
For details concerning features.
6 months after Issue.
Investment yields, and tax payment or redemption values,
see "Treasury Bulletin" for October 19'*-5. pages A-l* and
A-5.
For details concerning the features
of
In the following tables sales and redemptions of
Treasury savings notes are shown at par value. Matured
notes turned In for redemption (either for cash or for
tax payment)
are included In the figures on redemp-
tions.
Matured notes outstanding are reflected In the
Interest-bearing debt until all notes of the series
have matured, when they are transferred to matured debt
upon which interest has ceased.
In accordance with the
practice of the Daily Treasury Statement.
For sales
and redemptions of series A and B notes by fiscal years
and months, see "Treasury Bulletin" for February 1914-6,
pages ^2 and 43.
series A
Table 1.- Summary of Sales and Redemptions, by Series, as of January 31, 1947
(in minions of dollars)
Troaaury sarlngs notaa
Treasury Bulletin
kk
Sales and Itedenptlons of Treasury Savings Notes
-
(Contlmied)
Table 3.- Sales of Series C, Classified by Denominations
(IB allliau of tollan)
Total
71 seal 7*ar
or
DBtk
aU
donoBl-
tlOO
»5oe
natloafl
igkk
8,953.7
7,015.8
3,525.5
Wi?
19W
igU6 -January
February .
March
,
April
10.5
13.6
5.4
301.8
181.0
178.7
299.0
Maor
198. li
Juno
184.0
July
August
Ssptenber .
248.2
Octobor Pf
MoTombor p
Docember p.
183.5
166.4
359.5
19'*7-January p,.
218.1
300.5
188.1.
.3
.2
.3
24.2
32.8
13.8
tl,000
5,000
410,000
4100,000
4;oo,ooo
41,000,000
.
.
)
March 1947
^b
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(
2/
In tnoueande of dollorB
Percentage dlatrlhutlon
of redemptions
PedeiqttlonB
Fiscal year
or Honth
ABDunt
outstanding
end of
fiscal year
or month
213 ,350
196,518
177,598
19''3
19'J'
^5
me
95,976
191.6 -January
He^ change
during
fiscal year
or month
'i'5,62o
-16,832
-18,920
-81,622
120,201.
-13,021.
February.
March
116,855
112,335
-3,350
April
May
June
1011,1.97
-7,838
99,252
95,976
-5,2'>5
Source:
Roto;
\J
2j
.
.
590 ,268
ko8,930
y
5''k,6k7
''25,762
268,1.11
287,331
109,852
191,^7''
2/
168
352,632
231,593
130, k22
'.7'',
70, Wo 2/
73,130
55,738
61,052
U,229
5,i.8U
3,873
5,367
7,097
100.0
100.0
100.0
100.0
87.1
82.8
80.6
68.1
12.9 2/
17.2
100.0
100.0
100.0
67.2
63.5
62.6
32.8
36.5
58.6
58.6
58.2
1.1.1.
19.''
31.9
16,713
10,623
ll.,367
6,751
8,999
9,309
6,362
3,598
17,11.8
10,051
11,607
6,801.
'.,803
6,871.
l.,00l.
2,870
100.0
100.0
100.0
3,113
2,623
2,232
100.0
100 .r
100.0
57.2
55.6
52.6
1.2.8
100.0
100.0
100.0
5^.3
52.6
50.8
1.5.7
55.2
1.11.8
3,283
1,671.
7,271
5,912
85,281.
2,2to
'.,705
2,1.73
82,988
81,701
79,321
-2,296
-1,287
-2,380
2,205
2,019
2,589
'.,501
2,1.1.11
3,306
1,739
2,057
1,567
'•,969
2,52'.
2,1.1.5
76,122
-3,199
1,708
U,907
2,709
2,198
Daily Treasury Statement.
See "Treaaury Bulletin", July I9I.6 for back figures.
Stamps sold prior to October 1, I91.2 were known as postal savings
stamps and were obligationa of the Postal Savings System but subsequently became public debt obligations.
Estimated on the ba£ls of samples made by the Post Office Department.
37.'.
1.1.1.
1.1.8
1.1..
I*
1.7.1.
U7.1.
1.9.2
Net of sales less redemptions. See footnote 1.
Does not Include amoxmta transferred frcm Postal Savings System to
the Troasory to cover outstanding stamps.
Includes minor amoxints which were eichanged for postal savings certificates. These aggregated $55 thousand for the period July 1,
194a through October 51, 19'*2.
Table 2.- Sales, Classified by Denominations
Fiscal year
or moath
Caeh
2/
3.689
7,273
9,8U7
-3,988
October.
Not ember.
December.
191.7 -January
aarlngs
hondB 2/
Ejc hanged for
United States
saTlngs
hondB 2/
Caah
-'•,239
-2,1.65
91,988
87,750
.
-3,275
UnlUd StaUe
U,158
3,289
July
August. .
September.
.
-'1,519
yy
Kxchan^d for
1^6
OWNERSHIP
OF
GOVERNMENT
Treasury Bulletin
SECURITIES
.
.
.
March 194]
Summary Distribution by Classes of Holders of Interest-Bearing: Securities Issued
by United States Government and Guarant*5ed by United States
(In millions of dollarB)
Securttles Issued by Uaitad States Oovemnent
Securities guaranteed by United States Ij
Distribution by classes of holders
Distribution by classes of holders
Oovernmsnt
agencies and
trust funds and
Federal Rererre
Banks
U. S.
U.
Bnd of fUcal
ye&r or month
Total
publ i c
and
special
Issues
35.800
36,576
39,886
19I40
1*2,376
19"*!
U8,387
3,251
u,U66
5,605
6,803
8,225
igw
71,968
135,380
10,31)0
ll),091
191)3
191*14
199,51*3
18,920
19'<5
256,357
266,111
29,121
19U6
Oovemnent
21*, 931*
Public
marketable
Issues
I
Special
Issues
Public
marketable
Issues
1,55«
2,676
3,770
2,526
2,56U
2,551
'1,775
1,693
1,791
1,835
2,028
2,1*52
Public
non-
ma rketabl
Issues
2,1)58
6,l?o
2,101)
3,213
U,623
6,105
6,759
30
7,885
10,871
11), 287
18,812
22,332
3
7
10
17
Private
Investors
Federal
Reserve
Banks
agencies and
trust funds
Total
amount
outstanding
1937
1938
1939
S.
2,180
2/
unmatured
outstanding
Public
marketable
Issues
Total
public
Issues
30,023
29,51*5
31,730
33,115
37,982
U,665
33,1)28
'),55l*
6,360
1)5,1)81
58,988
13.507
29,193
U,5i*9
8U,9l)8
1*,092
287
170
899
165,725
209,630
215,206
120,880
1*11,81*5
1,516
U
153.1*21
159,061*
56,209
56,1U3
1*09
1*67
57.138
57.176
56,520
30
30
30
20,655
20,897
21,135
22,90U
22.601
226,501
227,059
223,975
169,363
28,173
7,006
7,023
7,008
23.261*
27.91*9
Apr.
Ma;..
June.
272,711
28,261
28,520
29.121
7,007
7,009
6,759
30
30
30
21,22U
21,U81
22,332
22,732
22,932
23,783
221,718
219,988
215,206
165,31*0
163,51*6
July.
Aug..
Sept
267,039
266.359
29,703
6,627
6,575
23,633
213,701*
23.1*1*3
23,91*6
261t,217
30,369
6,li«0
30
35
35
23,01*5
30,051*
23.851*
2ll,0l*9
212,359
209,799
157 336
155,829
153,809
Oct..
Hot..
262, U15
30,1*26
21), 015
23.518
208,1)71
36
2l),25U
23, 9'*'*
Dec.
257,6>»9
30,600
30,913
6,375
6,310
6,293
35
260.925
36
2l»,585
23,350
206,380
203,586
19147- Jan..
258,378
31,105p
6',293P
36 p
2U,777
23,91*1
203,332p
(1) Dally Treasury Statement for total amounts outstanding;
(2) reports of agencies and trust funds for securities held by
U. S. Government agencies and trust funds; and (5) federal
Reserve System for secxirltles held by Federal Reserve Banln
Preliminary.
Less than $500 thousand.
Public
marketable
iseuee
Public
non-
marketable
Issues
^
y
l69,88lt
167.1*55
^
5,161*
5.212
6,085
533
21,792
23,783
27,691
268,111
£/
5U5
56,378
56.UU2
56,lU3
Private
investors
U,302
U,528
363
325
286
286
275
lll),ll)l
277,912
271,lrtO
5,1*50
5,1*98
7,11)9
277,1*56
.
i),853
2,61)0
11),
271*, 71*8
.
nonmarketabl<
issues
1,188
1,556
2,151
3,166
.
.
Feb.
Public Public
market- nonable
marketable
Issues issues
Public
28,835
27,989
29,579
29.950
Mar..
19116- Jan
Total
amount
1*,262
115
176
68
6
3.738
1,186
28
150
375
9
31*
U2l»
506
U99
501
539
5U2
51*2
U92
500
1*67
lt2U
56 36s
32I*
281
56,530
55,990
370
391
326
317
152,1*26
56.0I16
56,307
iW.gTo
56,1*16
378
362
331
331*
150,073
11*6,21011
57,121p
262
159,061»
,
317
286
9p
36p
217
Excludes obligations held by the Treasury and matured securities.
The total amount nf securities held by private Investors Is calculated by deducting from the total amount of securities outstanding^
the securities held by U. S. Government agencies and trust funds
and by Federal Reserve Banfcs
Stated as of close of previous month.
Treasury Bulletin
hs
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed
by the United States Government
(Par Talaee ly - la billions of dollars)
Held by non-bank loTestors
Held by banks
Total
amount
out stand-
Shd of
moath
Commercial
banks
^
Federal
Beserre
Banks
IndlTiduals U/
Insurasca
coopanlee
Mutual
saTin^B
banks
Olhsr
corporations and
associations
^
ember.
U7.1
18. U
15-9
2-5
28.7
9.8
6.3
ISUO-June.
December.
147.9
18.6
19.5
16.1
17.3
2-5
2.2
29-3
30.9
9.7
10.3
6.5
6.9
l^Ul-June
December.
5"'.
21.5
23-7
19.7
21.
2.2
2.3
32.9
UO.l
10.9
13.6
28.7
"7.3
26.0
Ul.l
2.6
6.2
"7.5
6U.3
17.9
23.7
118.6
139.5
161.0
i6«.T
50.1
Ml*.?
59.1*
52.2
58.3
59.9
5.9
7.2
8.9
11.5
68.6
80.0
93-5
97.3
26.5
30.3
67.?
71.5
igUU-March
June
September.
December.
185.6
^Ol.l
209.3
6U.0
12.1
IU.9
16.7
18.5
109. >»
117.7
U2.2
2W.U
70.?
83.3
87.1
96.5
I9U5- March
233.1
256.!
260.?
276.?
97."
105.9
107.3
11U.5
8U.1
8U.0
90.6
19.7
21.5
23.3
2U.3
135-7
150.5
152.9
53.6
58.5
l6i.it
63.5
115-9
116.1
112.3
92.6
93.?
89.7
23-3
22.9
22.6
162.1
March
278.0
278.5
275.3
63.5
63.5
63.6
April.
May...
June.
273.2
272.0
268.6
112.0
110.6
107.9
89.''
?2.7
22.9
?3.8
l6i.?
267.1*
106. 1»
105.?
103.6
82.8
81.2
September,
266.7
26U.6
79.5
23.6
23.9
2U.0
161.0
161.5
161.0
October,. ..
November.
December p.
262.5
261.3
255.0
102.0
75.
76.5
73-7
23-5
23-9
?1.3
160.5
160.9
160.9
1.939- Dec
.
.
.
50.
63.5
19U^-June
December.
76.5
111.
iqu5- March
June
September.
December.
June
September.
December.
.
igUS- January.
February.
July
Au^rust.
. .
.
100. u
97.0
6e.it
70.5
77.7
77.7
87.7
gU.l
122.2
133.
l62.lt
163.0
161. u
160.7
lit.
37.1
"5.1
"7.8
52.2
59.'t
63.1
63.0
62.8
62.9
62.9
62.7
62.8
63.1
6i.it
3-1
State and
local
goTemEoents 6/
U.
S.
GoTernmeat
agencies and
trust funds
U9
March 1947
Treasury Survey of Ownership of Securities Issued by the United States
Govemnient and by Federal Agencies, December 31, 1946
The tablea In Seotlon
I
present summary data as of
Insurance oampanies In the United States.
December 31, 19'*6 from the Treasury Survey of Ownership
of Securities Issued or Ouaranteed by the United
The banks
States.
the surrey account
amount
of
such
Insuranoe companies covered in
and
for
approximately 93 percent of the
ovned by all banks and
securities
Section
I
-
Section II presents summary data on
of Federal Land Bank bonds,
Bank
debentures
and
notes.
Securities Issued or Guaranteed by the United States Govemnent
Table 1.- Sumnary: All Interest-Bearing Securities
(In
Cluatfleatloa
llllon* of dollart)
the ownership
Federal Intermediate Credit
Federal Home Loan Bank bonds and
Treasurii Bulletin
50
Treasury Survey of Owiershlp of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 2.- Public Marketable Interest-Bearing Securities - (Continued)
PART A
ClasslflcatloQ
-
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AND BY TAX STATUS-! Continued)
51
March 1947
Treasury Survey of Omershlp of Securities Issued by the United States
Govemnent and by Federal Agencies, December 31, 1046 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Govemnent
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
(Tax etatue 6/ la ahovn la paranthaaaa)
(Continued)
(Oontloued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTAMCINO
(Par Taluaa - la mlllloB* of dollari)
laeue
-
-
Treasury Bulletin
52
Treasury Survey of Onership of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 2.- Public Marketable Interest -Bearing Securities - (Oontlnued)
PART B - DISTRIBUTION or OWNERSHIP FOR EACH ISSUE 0UT8TAHDIH(»-(0ontlnued)
(Par raluef - In millieni of dollari)
leaue
(Tax etatua 6/ la ihown in parentheaea)
.
March
53
194"}
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Govemaient
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par Taluaa - in alllloBt of dollars)
Held by Inraatora corarad In Treasury 9arTi7
Bank! 2/
laiue
Total
acount
outatandlns
Insurance companlat
61*2 flpa,
5i*0
509
coBMrolal
todc
atual
Ufa
bankt
(Tax itatuB 1/ !• ataown la paranthaaaa)
3^
•arln^i
bank!
•avia^a
bank!
Inturanoa
2/
United States laTlags bonds
Series C-D
Series E
Series F
Series G
^
(6/)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
( taxable)
Guaranteed securities jj
Commodity Credit Corporation demand obll^a>
(taxable)
tlons
Total public non-marketable saouritles
tniat funds,
and Tadaral
ReserTa
Bankt
InTaitora
2ll
1
232
173
12
2,968
30,262
2,697
12,395
2l»5
118
203
Ik
l»8,322
6
21
5,602
26
602
209
35
54,551
866
5,725
92
322
602
286
56,737
8/
1,281
Leoe than $^00 thousand
Federal eecurltlee fall Into three broad groups vlth respect to Imposition of Federal lac<»Ba taxes on Incone derived therefron.
"Vhollj'*' tax-exenqpt securities are exa^t from both the nonul and
surtax rates. "Partlollj" tax-exempt aacurltles are exeapt fron
the normal rates except that In the case of partialis tax-axavpt
Treasury and saTlogs bonda, Interest derived from $^ thousand of
principal amount ovned by any one holder Is aldb exeoq>t from the
surtax ratea, "Taxable" securities are subject to both normal and
surtax rates.
Securities held In trust departments are excluded.
Includes trust coispaiiles.
12
2ll5
118
"iT" This column includes securities held by those banks and Insurance
companies which are not covered in the Treasury Survey. See headnote to this section.
United States savings bonds. Series C-D, E, and ? are shown at current redemption values. They were reported at maturity value by the
banks and Insurance coiq;>anles covered In the Treasury Survey but have
been adjusted to current redemption values for use In this statement.
6/ Series CO savings bonds sold prior to March 1, 19't^l are partially
tax-exempt; those sold on and after that date are taxable.
GiuLranteed securities held by the Treasury are not included.
C.C.C. damand obligations In the amount of $286 million held by
all commarcial banks are shown only In total amount outstanding.
Section II - Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Par values - in mlllloas of dollara)
Issue
(Tax statue 1/ 1» shown la parsnthases)
il
Ha Id by
all other
1
'
%
3.
15
100
6
3I.9
and aarine
Inturanoa
eonpanlat
TI,
OoTamsant
a^nolea and
161»
222
'•9,776
Total United States saTlngs bonds
Treasury saTlngs notes
Depositary bonds
Armed Forces Laare bonds
3,lk8
30,263
2,969
13,397
coi^>anlaa
ea•^lalt7,
All
f
Lass than $5O0 thousand.
The income from "Wholly" tax-eiaoBpt securities is exm^it from the
Imposition of both the normal and surtax Federal income tax rates;
the income from "Taxable" securities is subject to the imposition
of both the nomal and aurtax Federal Income tax rates.
5^
Treasury Bulletin
Treasury Survey of Oimershlp of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Quarterly Data on Ownership by Commercial Banks, Claesified by Membership
In Federal Reserve System
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary: All Interest-Bearing Securities
(In KllllODS of dollars)
Clualflcation
starch
55
1947
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agenclee, December 31, 1946 - (Continued)
Quarterly Data on Omershlp by Coomerclal Banks, Classified by Membership
In Federal Reserve System - (Continued)
Section
I
-
Securities lamed or Guaranteed by the United States Govenaent
Table 2.- Public Marketable Interest-Bearing Securities
PART A
Clmaslfloatlon
-
(Continued)
(Oootlmied!
A1IAU3I3 OF OWNERSHIP BZ TYPES OF SKOURITX, BX CAU. CUSSES,
A>0 BX TAX 8TATUS-(Contlnue(l)
Treasury Bulletin
56
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Quarterly Data on Ownership by Commercial Banks, Classified by Membership
In Federal Reserve System - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
Issue
j(/ le
shovn In parentheses)
-
In mllllona of dollars)
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO
(Par values
(Tax status
-
-
March 1947
57
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Quarterly Data on Ownership by Comnierclal Banks, Classified by Membership
In Federal Reserve System - (Continued)
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
(Tax statuB
j*/
is Bhovn In parsnthsaes)
-
In
llllona of dollars)
(Continued)
(Continued)
DISTRIBUTION OF OWNERSHIP FOB EACH ISSUE OUTjTANDINO-(Contlnued)
(Par Taluee
leauo
-
-
Treasury Bulletin
58
Treasury Survey of Ownership of Securities Issued by the United States
Government and by Federal Agencies, December 31, 1946 - (Continued)
Quarterly Data on Ownership by Comnerclal Banks, Classified by Membership
In Federal Reserve System -
Section
I
-
(Continued)
Securities Issued or Guaranteed by the United States Government
-
(Continued)
Table 3.- Public Non-Marketable Interest-Bearing Securities
(Par Talues 1/
-
in millions of dollars)
Member cosmarclal banks
Total
Isaue
(Tax status
^
Is shown In parentbesee)
coBnBarcial
banlcs
i/
Total
U,76U
nombor
comserclal
b&nlCB
United States saTlngs bonds ~
l/
Series C-D
Series F
Series G
4/
(taxable)
( taxable)
(taxable)
(taxable)
Total public non-marketable securities.
*
1/
2/
31.9
37
13
Hew York
City banks
Chicago
banks
Reserre
Cltj
banks
'•,365
2,577
nonmember
country
banks
banks
cansnerclal
16U
23?
110
7
I18O
3I16
26
103
130
317
131.
866
Total United States savings bonds.
Treasury savings notes
Depositary bonds
Ceatral reserre Clt7 banks
Total
50 Central
Reserre
City banke
600
I46
549
266
92
322
83
300
55
12
11
ifO
7
123
17
137
23
1,281
982
99
21
181
702
298
13
Lees than $500 thousand.
United States savings bonds, Series C-D, E, and F are shovn at current redeioptlon values. They were reported at maturity value by the
banke covered in the Treasury Surrey but have been adjusted to current redemption values for use in this statement.
Federal securities fall into three broad groups with respect to
imposition of Federal Income taxes on income derived therefrom.
"Wholly" tax-exempt securities are exempt from both the normal and
surtax rates. "Partially" tax-exempt securities are axenpt from
i/
78
(Par values - allllons of dollara)
Issue
10
the normal rates oicept that In the case of partially t*x-exeinpt
Treasury and savings bonds, Interest derived from $5 thousand of
principal amount owned by any one holder Is also exempt from the
surtax rates. "Taxable" securities are subject to both normal and
Burtai rates.
Includes trust companies but excludes securities held In trust
departments
Series C-D savings bonds sold prior to March 1, 191*1 were partiolly^
tax-ezeiLpt; those sold on and after that date are taxable.
Section II - Interest-Bearing Securities Issued by Federal Agencies
But not Guaranteed by the United States
(Tax statue ij is shown in parentheses)
ill
78
March 1947
PRICES
59
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including securities issued by Federal agencies)
60
Treasury Bulletin
Over-the-Caunter Closing Quotatlone on Public Marketable Securities Issued by the
UAlted States Government and by Federal Agencies
January 31, 1047
Table
I.-
Securities Issued or Guaranteed by the United States Government i/
PART A - TAXABLE BONDS, NOTES, AND OERTIFI GATES
61
March 1947
Orer-the-Gounter Cloaliw Qaotatlona on Public Marketable Securities laaaed by the
United States fioTenaent and by Federal Agencies
January 31, 1M7 - (Continued)
Table
I
-
Securities Issued or Guaranteed by the ttolted States GoTemMent
P^T
AaooAt
• Undtllf
(milloni)
B - TAXABLE TREABURX BILLS
1/-
(Continued)
6a
Treasury Bulletin
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
January 31, 1947 - lOontinued)
1
\
-f
Table II
Amount
outstanding
(Mllllone)
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
I
March 1947
63
YIELDS OF TREASURY SECURITIES
JAN. 31,1947
Based on Mean of Closing Bid and Asked Quotations
Treasury Bulletin
61^
Average Yields of Long-Term Treasury and Corporate Bonds
(Percent per amnm)
Partial l;r
Taxable
tax-exaapt
Tr«a0ar7
Treasuiy
bonds
bonds 1/
^
Up-
Highgrade
corporate
bonds S/
Date
Partially
Taxable
tax-exempt
grade
Traaaoix corporate
Trea8ux7
bonds
bonds 1/
bonds Z/
^
Monthly series
2.5l»
Feb..
Mar..
2.1)8
fcb..
Mar..
2.51
2.U3
Apr..
2.92
2.86
2.78
Apr.
May..
June.
2.07
2.06
2.OU
2.1)5
June.
2.38
2.27
2.22
July.
Aug..
Sept.
2.23
2.27
2.67
2.76
2-79
3.29
July.
Aug..
Sept.
2.0I)
2.1)6
2. 06
2.1)7
2.08
2.1)6
Oct..
Hot.
2.60
2.1l6
Oct..
Hot.
2.35
31'»
2.93
2.86
2.09
2.10
2.13
2.1)5
.
Sec.
19ltO-Jan.,
Feb..
2.81
2.79
2.77
Teb..
Mar..
2.11
2.11
2.12
2.1)6
Mar..
2.30
2.32
2.26
Apr.
May..
June.
2.26
2.39
2.«0
2.7lt
Apr..
May..
June.
2.05
1.96
1.91
2.1)8
2.87
2.93
July.
Aug..
Sept.
2.30
2.31
2.25
2.85
2.80
2.71
July.
Aug..
Sept.
1.91
1.92
1.90
2.1)5
2.1)6
Oct..
BOT..
2.70
2.6;
2.59
Oct..
Hot..
1.90
2.1)8
I.9I)
2.1X
Dec.
2.21
2.09
2.01
Sec.
1-95
19Ul-Jan..
Tab..
Mar..
2.12
2.22
2.12
2-57
2.71
2.73
191)1)- Jan..
1.95
1-93
1.91
Apr..
May..
June.
2.07
2.0U
2.01
2.76
2.75
2.70
Apr..
Mi^..
June.
1.9!)
2.D8
1.9H
1.91
2.1)9
JtOy.
2.66
2.65
2.64
July.
Aug..
Sept.
1.89
1.90
1-93
2.1)9
Sept.
1.98
2.01
2.02
Oct..
Hot.
Deo..
1.9«
1.95
2.06
2.61
2.57
2.68
Oct.
Hot..
1-93
2.1X
1.90
1.87
2.1)8
M^..
.
2.3*
2.3U
2.1»7
19)»2-Jan.
.
Dec.
19lt3.Jan.
Teb..
Mar..
Sec
2.
il:
23.
30.
19l)6-Oct.
2.25
2.22
2.23
2.1)1)
2.A
2.1)1)
2.25
13.
20.
27.
2.27
2.29
2.30
2.28
2.1)9
2.1)9
2!m9
2M
19l)5-Jaa.
2.58
2-56
2.51
Feb..
Mar..
2.38
2.77
2.76
2.75
Apr..
May..
June.
2.39
2.39
2.35
2.1)9
2.7*
2-73
2.73
July.
Ang..
Sept.
2.31*
2-53
2.56
2.56
2.72
2.71
2.72
Oct..
Hot..
2-35
2.33
2.33
2.5U
Sec.
2.70
2.68
2.70
19U6-Jan.
Peb..
Mar..
2.21
2.12
2.09
2.1)3
2.68
2.65
2.63
Apr..
May..
June.
2.08
2.19
2.16
2.58
2.57
2.59
July.
2.18
2.23
2.28
2.1)1
Oct..
Hot..
2.1)9
2.60
2.61
2.63
2.26
2.25
2.2»
2.51
2.51
2.55
2.1)9
2.65
2.21
2.1)8
2.U9
2.6:
2.1)1)
2.U3
2.U7
2.1)9
zM
2.1)8
2.U6
2.1)8
2.1)0
2.36
2.37
Sept.
Sec.
19l)7-Jea.
g
2.1)8
2.61
2.58
2.58
2.1)9
2-59
2-57
2.55
ZM
2.D7
2.55
2.61
2.59
8.1)8
V
^
2.26
2.1)9
2.26
2.52
2.51
a.51
2.52
2.
19l)6-Oao.
7.
1<),
21
28
igkl-imm.
1).
11.
il:
2330.
^
y
2.1)6
5.
11.
1926.
Hot.
Sept. 6.
2.76
2.80
2.80
2.1)6
Weekly series - Saturday figures
19l)6-Ailg,
Partlallr
Hl^tax-exenpt Taxable grade
Treaenry
TreaatUT
corporate
bonds
bonds
bonds 2/
y
2.10
2.17
2.10
2.96
2.90
2.87
19J9-J".
I&te
2.26
2.27
2.28
18
2.52
2-51
25.
2.25
2-53
2.5!)
2.51)
2.51)
2.36
2-35
zM
2.1)2
2.1)1)
2.50
March 1947
65
O
z
o
GQ
liJ
<
o
Q.
q:
o
o
Q
z
<
>
en
(/)
^
I
bJ S;
q: en
•- >>
or
I
M
\I
II
CD
^
Q
UJ
liJ
CD
<
UJ
5
0>
*
Treasury Bulletin
66
INTERNAL
REVENUE
STATISTICS
..
..
,.
,
.,
.
March 1947
67
Summary of Internal Revenue Collections
(
Total receipts frca
Internal
revenue
Fiscal 7«ar
or aontii
(DalU
TreaaMTT
Treaaury
Stateaent
Total
lnt«nial
reranue
collections
">,597,1W
-37,168
30,1170
-1,133
-19,637
'',63".,308
5,61i3,8li8
7,361,675
+10,llil
12,993,118
-36,797
-22U,755
H,565,'i77
5,67'»,3l8
5,161,231
WW
19l"l
,
19112
19lt3
,
19Wt
Wit?
19U6
22, Iks ,969
ltl,68k,987
1>3,902,002
Total
InCOBB
Corporation
Individual 2/
Incone and
excess
profits
^
prcflta
taxes
QnplOTnent taxes
Hlscellaneoue
profits
taioe k/
Total
^splojaent
taxes
Social Security
1,091, 7'il
1,286,312
5,322,771
2,179,828
2,629,030
2,l85,Uli
2,129,609
7,351,53'i
3,471,1211
1, "in, 655
13,029,915
8,006,8811
22,368,72li
16,298,888
33,027,802
35,061,526
31,258,138
3,262,800
6,629,932
16,261,005
5,162,3611
Railroad
retirement
taxes
Old-a^e
Insurance
1/
5,303,13''
<
^
}
Income and profits taxes
AdJustaBsnt
to Dallj
Stato^t)
1937
1938
1939
In thouBaods of dollars
Iftiemploy-
Bent Insurance 6/
1/
1,056,909
1,299,932
1,122, 5111
1,120,582
2,016,297
31,178
42,786
33,740
27,010
37,172
265,745
742,560
740,429
833,521
925,856
207,339
502,918
529,836
605,350
687,328
58,119
90,267
101,167
106,123
100,658
287
149,476
109,427
122,048
137,871
19,03'i,313
18,7011,536
4,687,462
9,584,715
14,629,344
15,883,235
12,462,437
56,621
84,241
137,452
143,978
91,165
1,185,362
1,498,705
1,738,372
1,779,177
1,700,828
895,336
1,131,546
1,290,025
1,307,931
1,237,825
119,617
156,008
183,337
186,489
178,745
170,409
211,151
265, OU
284,758
284,258
1,028,8311
982,017
to,310,333
-361,585
110,119,510
'13,800,338
110,671,919
19li;.Ieea>%*r.
3,9118,1.37
•1656,276
3,292,161
2,7111,561
586,112
2,142,631
12,817
39,012
4,455
818
33,739
19'i6-JanuAr7 .
3,l»51,381.
-li73,3l'8
3,l89,'i93
3,206,27't
11,320,110
2,3116,821
2,839,0119
836,516
363,553
2,274,592
6,156
3,672
8,783
92,718
299,140
64,565
61,849
183,229
7,012
28,172
98,737
7,920
2,698
17,175
49,633
481,232
239,044
1,737,770
5,295
3,332
15,618
98,277
269,869
54,673
93,532
238,062
3,770
3,268
10,530
1,213
1,477
21,277
49,690
521, U4
346,082
1,669,891
4,095
4,196
10,052
115,696
280,853
57,335
109,960
239,705
5,523
3,269
8,475
1,624
2,467
32,674
50,188
575,406
245,523
1,677,794
4,136
3,304
9,414
128,534
261,935
60,647
122,433
227,409
4,231
2,961
9,053
1,005
3,140
25,473
55,411
,
,
+lDl,661i
Februarj..
3,683,858
-Iil8,2li8
3,9211,731
11,102,106
March
5,582,9l>3
+559,269
5,023,673
April
May
June
2,310,098
2,307,793
-105,735
-266,165
1578,679
2, '•15,833
li,080,U92
2,573,957
3,501,813
1,703,072
1,662,967
2,836,577
July
2,250,898
-330,568
2,581,1165
1,757,352
Au^ruat..,,
2,li9li,l459
-2lil,li31
l,765,61i9
Soptenbar.
11,291,209
+680,2111
2,735,890
3,610,995
1,232,1113
l,lil5,371
2,907,267
1,227,325
October. ,.
NoTamber.
December.
2,230,1173
2,ll02,752
-536,355
-91,636
+785,155
1,875,687
1,572,063
2,133,657
1,296,145
1,323,237
.
3,693,272
2,766,827
2,''9't,389
2,900,117
2,036,735
I,2l6,5'i6
1, ''20, 591
1,083,189
iiU6,liii9
MlBcellanaoufl Internal rerenue
Flecal year
or month
Total
mlBcellaneoua
Internal
revenue
Manufacturers
Capital
atock
tax
Estate and
gift taxes
Alcoholic
bererage
taxes
Tobacco
taxes
taxes
Miscellaneous
taxes
8/
retallere'
excise
taxes
1937
1938
1939
1940
1941
2,188,735
2,272,158
2,236,821
2,359,641
2,954,553
137,499
139,349
127,203
132,739
166,653
305,548
416,874
360,715
360,071
407,058
593,831
567,669
587,605
624,064
819,869
551,923
567,777
579,784
608,073
697,712
69,919
46,233
41,083
38,681
39,057
449,854
416,754
396,891
447,088
617,373
117,502
143,540
148,925
206,831
1942
1943
1944
1945
1946
3,837,670
4,571,131
5,353,336
6,959,634
7,712,953
281,900
328,795
380,702
371,999
352,121
432,540
447,496
511,210
643,055
676,832
1,048,165
1,423,480
1,618,045
2,309,864
2,526,162
780,792
923,857
988,483
932,145
1,165,519
41,702
45,155
50,800
65,528
87,676
852,069
670,015
728,694
1,206,616
1,414,717
400,501
732,332
1,075,401
1,430,428
1,489,925
1945.December..
5U,588
233
45,178"
188,126
62,049
1946-January .
February
March...
642,520
596,692
638,998
192
169
60,793
53,690
84,471
221,156
210,021
212,322
95,736
89,496
99,436
7,952
8,139
8,848
April
May
June
614,484
641,121
610,563
1,158
-742
182
65,599
63,980
62,867
214,055
214,151
198,494
96,468
112,601
99,624
7,371
8,486
July
August.
September,
.
708,417
689,388
646,393
236
62
230
74,257
57,974
42,845
238,881
236,146
226,205
96,264
109,617
101,834
October. .
NoTember .
December.
768,606
660,390
713,813
48
35
96
56,613
48,865
61,740
251,328
242,473
225,746
124,560
105,991
86,784
.
.
.
.
Source;
1/
2/
^/
4/
lU
(1) Total receipts frcan Internal revenue:
Dally Treasury Stateiwnt;
(2) Detailed collections by type of tax: Feporte of collections made
by collectors of internal revenue.
Excludes collections for credit to certain trust accounts for territories and insular possessions, §tc.
Includes collection of taxes withheld by employers pursuant to the
Pevenoe Act of 1942 and the Current Tax Payment Act of 1943.
Includes income tax collections on Alaskan Railroads
The eicesa
profits tax Included In this column ie that in^rosed under the
Second Revenue Act of 1940, as amended.
Consists of the declared value excess profits tax, the profit limit.
_7A43 _
.'10,151
106,878
101,680
135,869
141,929
113,798
120,821
93,306
119,953
111,281
123,387
130,962
118,553
119,260
110,215
7,215
7,528
6,631
148,437
143,051
140,722
143,126
135,011
127,927
8,093
6,926
6,778
163,161
146,763
186,836
158,803
109,337
145,334
8,219,.
.
•-
Ing provisions of the Vinson Act, and the tax on unjust enrlchsient
1/
Bepreeente collections under the Federal Insurance Contributions
Act cqnnionclng September 1939; prior thereto, collectionB under
Title VIII of the Social Security Act.
Bepreeente collections under the Federal Tftienrployment Tax Act
coBBnenclng September 1939; prior thereto, collections under
Title
of the Social Security )ict.
Pepreeenta collections under the Carriers Taxing Act of 1937.
Includes tax collections under the Sugar Act of 1937 and under
the dividends tax Ijnposed by the Act of June l6, 1933
n
•
M
i02^
Treasury Bulletin
6g
COLLECTIONS OF INTERNAL REVENUE
DOLLARS
DOLLARS
Billions
Bllllont
Total
50
50
'Fiscal year
\Comparison
fiscal
1932
'33
'34
'35
'36
first
6
monf/is
years 1946 and 1947
'37
'38
'39
'40
DOLLARS
DOLLARS
Billions
81 Minis
Individual IneoiiM
Tox««
22
22
20
20
10
Ettote ond Gilt Taxes
'41
'42
'43
'44
45
46
47
)
69
March 1947
Detailed Analysis of Internal Revenue Collections 1/
(In thoxiaonde of dollars)
First 6 Booths
Fiscal 70&re
Type of tax
IncoBs and profits taxes:
IndlTldual:
Withheld by eiqtloyers:
Current Tax Payasnt Act of
Rerenue Act of 19l»2
Other:
Current
Back
19l*3
10,263,1*18
^
3,901,917
738,032
7,822,li8e
19l)0,
Total corporation taxes
15>8e3,235
11*3,798
.,...
180
11*3,978
Total Incoae and profits taxes
35,061,526
••••.•
.».
Railroad retlrenent j/
Total eaployaent taxes
Nlscellaneoiu lnt«mal rersnue:
Capital stock tax
btate tax
1,307,931
186.U89
I,li9lt,li20
28l*,758
1,779,177
^71.999
^6.137
U6,9l8
01ft tax
Alcoholic bererage taxes:
Distilled spirits (imported, excise)
Distilled spirits (doneetlc, excise)
Distilled spirits rectification tax
Vlnss, cordials, etc. (ljq;>ort«d^ excise)
Vines, cordials, etc. (d<Hestlc, excise)
Brandy used for fortifying sveet vines (rspealed
as of July 1, 19l»0)
Dealers In distilled spirits; rsctlflers; aanufacturers of stills (special taxes)
Stospa for distilled spirits Intended for export.
Case stoape for distilled spirits bottled In bend
Container 8t8^>s
Floor taxes
Feraented malt llqoora
Brsvers; dealers In aalt liquors (special taxes).
Total alcoholic bererage taxes
Tobacco taxes:
Cigars (large)
Cigars (small)
Cigarettes (large)
Cigars ttes ( snail
Snuff
Tobacco (cheying and snoklng)
Cigarette papers and tubes
Leaf dealer penalties, stc
Cigarette and cigar floor taxes
Total tobacco taxes
StaB9 taxes:
Bonds, Issues of capital stock, deeds of canreyance, etc
Transfers of capital stock and sla±lar interest
sales
Playing cards
Sllrer bullioga sales or transfers
taxes
U6,571
11,003,520
Excess profits taxes (Second Rarenue Act of
as aaended )
sta^
8,l'30,3Tr
l6,70l>,536
U, 1*21,682
U58,03l*
^
Toted
y
19,03'',313
CoTporatlon:
InccBS taxes:
Current
Back
taployaent taxes:
Social Security taxes:
Old-age Insurance ^.*
OnB^>loy»en t Insuranc* 6/
Total Social Security taxes
123
8,567,11*7
gog,9'*7
Total ludlTldnal inoooe taxes
Miscellaneous profits taxes:
Declared ralus
Tinsoo Act
QbJuBt enrlchasnt
Total Blscellaneous profits taxes
9,85T,W6
802
2/
199,691
1,28U,613
32,51*9
2,1?2
1*5,269
51
Ci
8,308
6
006
U,213
83,3l>3
638,688
3,130
2,309,86lt
36,593
81>
695
836,058
T.Tkl
1,390
1
8
932,1'>5
33,157
2li,852
7,»93
25
65.528
Fiscal
yaar
191*6
19U6
19»*5
Fiscal
7sar
191*7
Decsnber
I9U5
December
I9U6
Treasury Bulletin
70
Detailed Analysis of Internal Revenue Collections
1/-
(Continued)
(in thoueanda of dollars]
First 6 nonthe
Fiscal years
December
I9U5
Typo of tax
Mlecellaaeous latemal reranue (continued):
Maiiufactorara ' and retailers* excise taxes:
Lubricating olla
Gasoline
Tires and tubes
Floor taxes on tires and tubes
Aut<nDblle trucks and buses
Other autcaublles and motorcycles
Parte end accessories for autonoblles
Electrical energy
Electric, gas, and oil appliances
Electric light bulbs and tubes
Electric sl^os (repealed ae of ll/l/US]
Radio sete, phonographs, ccnponants, etc
Fbonograph recorde
Musical Instruments
Mechanical refrigerators, alr-condltloners, etc..
Matches
Floor taxes on matches
Business and store machines
F\n?s - retailers* excise
Jewelry - retailers' excise
Luggage - retailers' excise ( effective U/l/UU)...
Luggage - manufacturers* excise (suspended as of
k/1/^)
Optical eqiilpoMnt (repealed aa of ll/l/ks)
Photographic apparatus
Rubber articles (repealed aa of ll/lA^)
Sporting goods
Toilet preparatlODs - retailers* excise
Vaahlng machines (repealed as of U/l/U?)
Firearms, shells and cartrldgea
Pistols and reTolrers
Repealed taxes not listed abore
Total manufacturers* and retallera* excise taxes.
Fiscal
year
I9U6
19U6
19^5
92,665
1.05,563
75,257
•
7'i,602
1.05,695
118,072
19
20,81l7
37,1''*
2,558
57,OOl>
25,893
68,871
59,112
12,060
25, ''92
U,035
17,781
56
13,385
3,902
2,839
9,229
10,2U7
It9,lili0
55
'',753
2,0X5
927
1,637
9,3't9
Fiscal
year
December
I9U6
191*7
k3,500
222,027
k7,085
6
19,700
3,226
33,225
28,k00
8,716
8,823
38
2,700
1,258
770
2,356
5,082
k2,3k0
230,285
88,127
k,669
28,770
10,033
7,237
kO,i27
17,283
25,275
89,25k
k5,600
29,973
29,k28
10,k05
85
27,k02
3,k85
k,113
16,390
k,156
1,871
318
k,997
k,15k
1,872
1,225
6,021
20,869
9,786
5,168
6,01k
2,339
6
5,711
972
910
2,967
6k6
3
970
307
178
75k
595
li
10,120
79,l>l8
I8l4,220
73,851
15,792
91,706
223,3'»2
81, ''23
6
73
15
18
19,288
228
21,l81i
k,2l|8
125
7,878
86,615
95,57''
1>
1
5,232
6,767
39,730
91,582
35,990
7
6
9,123
59
3,10k
k2,102
U,717
1,135
k6,53k
108,571
kl,l87
U,8k0
16,888
6,077
2,557
15,119
21,867
7,k85
1
1,313
35
512
7,766
1
3,300
15
1,521
8,2k9
593
58k
85
6
9
17,600
23
8,109
kli,190
1
13
k,510
181
Ik
l,m',717
657,k91
928,970
106,878
186,836
56,732
23
30,329
7
29,570
7
73,29'>
k,351
1
3,709
208,018
133,569
16,286
23'',393
l''5,689
ll.,82k
112,877
69,013
23k, 182
226,750
220,121
115,960
182
7,857
119,109
113,922
U5,393
133,765
85,261
8,051
13k, 3k6
138,8k2
282
177
3,6lk
169,878
3k,980
7,928
3,206
13,581
3,912
3k,526
209,993
10,976
3,6k5
17,039
3,132
5
35
1,206,616
61
25
2,096
•
2
msoeUaneona
taxes:
Bituminous Coal Act of 1937 (expired 8/23/^3)
Sugar Act of 1937
Telephone, t«legraph, radio, and cable, leased
vires, etc
Local telephone serrlce
Transportation of oil by pipe \ ^n^
Transportation of persons, •eats, tertJu
,
Transportation of property (effective 12/l/k2)...,
Use of motor veblclas (repealed aa of 6/30/U6) . ...
Use of boats (repealed as of 6/30/b6}....
Leasee of safe-deposit boxes
Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Cliib dues and initiation feee
Bovllng alleys, pool tables, etc
Coin operated derlcee
Adulterated and processed or renorated butter,
mixed flour 6/ and filled cheese
Oleomargarine, Including special taxes
narcotics. Including marihuana and special taxes..
Coconut and other vegetable oils processed
Rational Firearms Act
All other, inolodlng repealed taxes not llst«d
abore
Total miecellaneoua taxes
Total BlsoellaDSOUB internal revenue
Total internal revenue collections
Adjuslaaent to Dally Treasuzy Statement
Total reoelpte from Internal revenue (Dally Treasury
Statfl^nt)
Source:
•
1/
2/
35
221,088
128,701
336
7,311
300,589
56,877
Ik, 160
k,l6o
19,100
3''3,191
72,077
18,899
l>,011
17,092
58
5,503
756
6,208
16
"•,932
691.
6,268
6
7, TOO
3k
2,620
300
3,123
3
3
26
3,03k
353
6,387
k
17,613
10,671
1,205
16,796
18,122
177
1
kk7
2k, 372
5,k91
l,lk7
71
393
27,757
17,582
1,51k
20,909
28,976
2
310
2k
k79
38k
35
610
628
5,k8l
35,702
1,782
69
k86
1
17
180
171
l,li30,U28
1,''89,925
607,816
820,038
101,680
lk5,83k
6,959,63''
7,712,953
3,968,57k
k, 181 ,007
511,588
713,813
'•3,800,338
kO, 671,919
19,129,80k
17,097,683
3,292,161
2,908,117
+101,661'
-361,585
-236,038
+265,380
+456,276
+785,155
k3 .902.002
•O. 310.333
18.893.767
17.363,063
3.9k8.k37
3.69^,272
(l) Total rexelpts from internal revenue:
Dally Treasury Statemsnte; (2) Detailed coUeetlons by type of tax: Reports of col-
l««tlona mAde liy ottUeetsrs ef internal nvmam.
Leas than $500.
Excludes collections for credit to certain trust accounts for
territories and insular possessions, etc.
Collections under the Current Tax Payment Act of 19l*3 as shown
in this table conalst of those for which returns have been filed
with the Collector of Internal Revenue; receipts under this act
as shown In Dally Treasxiry Staiamsnte consist of withholding
taxes deposited In Government depoeltarles in addition to payments accompanying returns filed with the Collector of Internal
Revenue
1/
y
Current collections consist in general of taxes paid within twelve
months after the close of the taxable year for tAilch the return
was filed.
Current Individual Income tax collections for the fiscal year 191*5
include payments on unforglven portion of V^^2 tax, due March 15,
191*5, of $308,605 thousai^ for the period, January 1, 19l*5 through
April 30, 19*15.
Represents collections under the Federal Insurance Contributions Act.
Ropreeents collections under the Federal Unemployment Tax Act.
Represents collections under the Carriers* Taxing Act of 1937.
Tax Imposed upon the manufacture and sale of, and the occupational
tax on, mixed flour repealed as of November 1, 19l*2.
,
71
March 1947
MONETARY
STATISTICS
Treasury Bulletin
72
Gold Assets and Liabilities of the Treasurir
(In BlUloiu af
derUn)
LlKbllltloi
Sad of oalADdar
jear or Bonth
OolA aasota
Sold oortlfloatoa 1/
1937.
1938.
1939.
IS, 760.0
9,212.3
1%,511.2
U,872.8
17,61>3.''
15,278.6
19W.
19, 825.
19I1I.
21 ,99k.
22,736.1
19k2.
19*3.
19kk.
19*5.
19k6.
22,726.3
21,937.8
20,618.8
20,06* .9
20,529.0
20,611.9
19,821.0
20,156.0
20,232.2
20,256.1
18,0311.0
20,250.9
20,2141.9
18,11*7.2
18,11*2.5
20,269.9
18,153.3
July
August.
September.
20,266.7
20,280.0
20,305.3
18,155.6
October.
Not ember.
December.
20,UO1.9
20,1169.6
18,278.1
18,359.0
20,529.0
20,71*8.3
19'*6 -January.
February.
March. ..
.
April.
May...
June.
.
.
19^7-January p.
xe:
p
1/
Daily Treasury Statement and Circulation St^teaent of United States
Money
Preliminary.
Comprlaes (1) gold cartlfi=atee held by the public and In Federal
Reserre denies; and (2) gold certificate credits In (a) tbe Gold Cer-
Treasury Gold Receipts
(In millions of dollars at $35 per fine ounce)
Oold roaorr*
agaiaat U. S.
notas, ate. 2/
Ixchaaga
Stabllliatlon
Fund i/
Cold In
Oanaral Pund
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1.591.6
156.0
156.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
158.*
160.7
165. ll
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
165.9
176.5
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
1,800.0
1,800.0
1,300.0
167.8
18,1*30.5
156.0
156.0
156.0
18,675.8
156.0
1,800.0
116.1*
20,564.8
18, 1.97. >>
17,91*.
18,*30.5
18,099.7
18,125.7
18,11*7.1*
18,11*4.8
2/
^
682. ll
1*08.9
213.2
215.3
19'>.8
11*2.1*
171*. 1*
l't7.7
11*3.3
160.6
155.1
176.5
201*.
15*.
1U2.1*
tificate Fund - Board of Governors, Federal Beeerre System,
and (b) the Bedemptlon Fund - Federal Reserre notes.
Reserve against United States notes and Treasury notes of ld90.
Excludes gold In active portion of Exchange Stabilization Fund.
Monetary Stocks of Gold and Sliver
(In millions of dollars)
.
.
.
.
5
.
73
March 1947
Components of Silver Monetary Stock
(la
SllTor
Aid of calendar
yoar or Boath
Ullima
kaU
of lol-Ura)
Im Troaa«r7
taou*iaf allTar
aartsflaatai 1/
SllTor
kuUloB
SUTor
SllTor
iollara
SakaltlaiT
cola 2/
rooolaa^
^
2,806.5
3,3*6.8
3,790.2
*, 060.0
*,2**.8
628.2
551.8
*05.6
185.6
93.1
78.8
96.8
U7.5
137.5
150.1
587.3
66* .7
771.6
8*6.7
901.1
*,317.6
*,207.3
3,870.6
3,512.8
3,51*.e
13.*
17.0
17.7
157.7
139.*
127.1
138.2
138.7
139.*
8*8.6
8*8.9
850.1
3,508.3
3,508.3
3,508.*
353.6
352.1
350.9
17.0
15.2
13-3
105.7
10*. 5
102.3
1*0.3
1*1.8
1*2.7
852.3
857.5
865.6
3,508.5
3,508.7
3,508.*
1,909.1
1,909.1
1,909.1
3*9.*
3*7.9
3*6.5
11.5
13.*
10.8
101.1
1*4.1
1*5.7
1*7.0
871.3
875-5
881.8
3,508.7
3,508.7
3,508.7
1,909.1
1,909.1
1,911.2
3*5.6
10.9
7.5
l*.0
96.*
96.7
93.1.
1*8.0
1*8.9
150.1
889.0
895.7
901.1
3,59*.*
3,511-7
3, 51* -2
1, 91^.1
3*3-3
93.3
150.3
900.5
3,518.1
5.*
3.5
5.3
2.3
3.5
19*2
1,516.2
1,520.0
1,520.1
1,703.9
1,911.2
*68.3
*00.»
376.5
356.*
3*3.*
9.2
1*.*
12.5
10.2
1*.0
19*6-Januar7
Pebruar/ .
March
1,771.7
1,818.5
1,850.8
355. B
35*.
April
Maj
June
1,909.0
1,909.0
1,909.1
July
August
Sopt ember.
.
October.
Rorember.
Decenber
.
.
,
.
.
.
19U7-Januar7 p.
Source:
p
*
1/
8abaldlal7
oola 2/
366.9
372.8
39* .1
*22.*
*93.5
503.7
502.7
*99.0
*9*.6
*8*.l
19*5
19*6
dollara 1/
*3.*
**.*
*8.1
52.5
6J.0
938.8
1,137.6
1,298.2
1,398.1
1,*76.1
I9W
SUTor
Bullloa
at eoat
lull loo for
Total
allTar
at »1.29
par ounco
*28.6
535.3
616.0
657.*
662.3
1937
1938
1939
19*0
19*1
19'>3
oataido
TraaaBX7
la Oaaaral rtmi.
355.3
3U.6
3*3.*
19 1
.1
99.1
97.9
.3
2/
Dally Treasury Stata]i»nt and Circulation Statenant of United
Statee Money,
Prellwlnwry.
Less than $50 thousand,
Talued at $1 .29 per ounce
^
Talued at $1.38 per ounce.
Talued at $1.38 per ounce or at $1.29 per ounce according to
vhether the bullion is held for recolnage of subsidiary silver
coins or for recolnage of standard silver dollars.
Silver Production in the United States and Silver Acquisition by Mints and Assay Offlceai/
(In Hilllona of ounces or dollars]
Silver acquired by mints and assay offices
Calendar year
or month
Silver
production In
United States
Hevly mined donaatio
silver 2/
Foreign silver
^
Ounces
2*1.5
355-*
282.8
139.8
72.6
108.7
156.9
120.5
50.9
27.1
312.2
*17.1
3*3.3
208.0
1*3.1
163.3
199.1
160.6
99.*
77.2
1*.3
6.0
62.1
5.5
*0.0
3.9
1937
1938
1939
19*0
19*1
71.3
61.7
63.9
68.3
71.1
70.6
61.6
60.7
68.3
70.5
*2.*
*0.1
*8.5
50.1
19*2
19*3
19**
19*5
19*6
55.9
*0.8
*7.9
5.5
3*.0
3.9
35.7
29-3
21.*
•
«
•
•
.9
.6
.9
.6
19*5-Docember.
*.9 */
*.* */
1.6
2.0
1.*
*.9 */
2.0
19*6-Januflry .
5* .6
2.2
1.5
February
March
.
.
.5
April
May
June
1.1
July
August ....
1.*
2.6
-3
.*
SepteOBber.
3-0
October. ..
November
December.
2-9
2.6
2.9
.
Source:
•
1/
""
2/
.8
Annual figuree cojne from the Bureau of the Mint; monthly figures
on U. S. allver production come from releaeea of the American
Bureau of Metal Statletice and will not agree vlth the annual
f Igurea.
Less than ^,000 ounces or $50 thousand.
For Information on sllTer production In other countries from 1933
through 191*0 or I9UI, see "Treasury bulletin" for August 19^*3,
page Ih.
Acquired at 6k,6k cents per fine ounce until April 9, 1935; at
71.11 cents per fine ounce from that date until April 23, 1935; at
1.6
2.0
1.8
^
1*/
"*
l.U
1.8
77.57 cents per fine ounce from April 23, I935 to December 31, 1937;
at 61* .61* cents per fine ounce frcm December 3I, 1937 to July 1,
1939; at 71.11 cents per fine ounce from July 1, 1939 to July 2,
19U6; and at 90.5 cents per fine ounce since Julj 2, 19'*6.
Acquired at various prices averaging approilnately 5I cents per
ounce.
Includes .5 million ounces valued at 71.11 cents per fine ounce
totalling $.3 million, and k.k million ounces valued at 90-5 centa
per fine ounce totalling $1*.0 million.
Treasury Bulletin
7^
SelRziiorage on Sliver
(Cumulative from January X, 1935 - ^^ mlllioos of dollars)
Sources of eelgnlorage on ellrer bullion reralued 1/
End of caloDdar
jear or month
Seigniorage
on coins
(ellTer and
minor)
18.5
1935
1936
1937
1938
1939
w.i
Hlec. silver
(incl. silver
bullion held
June Ik, 193**)
Mevly rained
•liver (Pr»e.
Hevlf -mined
•liver (Act
July 6, 1939
Dec .21, 1933)
1.8.7
1.8.7
Julj 31,19*v6)
326.2
2711.9
1.22.1
397.5
3"..
1.57.7
3''.7
3'>.7
25.7
530.7
562.7
508.1
616.0
705.6
3'»-7
759.1.
87.6
87.6
87.6
87.6
87.6
87.6
1.8.3
580.1.
31..
63.6
65.3
581..3
58I..3
31..
65.".
58U.3
701.6
832.1
87.6
87.6
87.6
65.7
65.8
65.8
71."..
3"..
771..
3"..
795.0
31..7
87.6
87.6
87.6
65.8
65.8
65.9
832.1
832.1
832.1
3".
87.6
87.6
87.6
65.9
65.9
65.9
832.1
832.1
832.1
'3"..7
65.9
65.9
66.5 i/
832.1
832.1
832.1
31..
67.1
832.1
1.8.7
7">.9
1.8.7
87.3
87.6
182.1
1.8.7
2''5.7
1.8.7
191*1*
299.6
362.3
l.d,7
igits
'•29.5
1.8.7
19^
'•91.9
1.8.7
lt32.U
li36.0
l«38.2
1.8.7
W»1.3
1.8.7
U>6.l>
1.8.7
1'53.1
1.8.7
July
August .
September
"•57.8
b61>.6
1.70.6
1.8.7
Ootobsr
November
December
"176.7
l<ai.6
1.8.7
"•91.9
".8.7
87.6
87.6
87.6
19li7-January .
"•93.9
1.8.7
87.6
,
19U2
191*3
19^6-January
February.
March
.
April
May
June
.
.
Source:
1/
1.8.7
1.8.7
1.8.7
1.8.7
1.8.7
1.8.7
Dally Treasury Statement.
These Items represent the difference hetveen the cost Talus and
the nonetary Talue of silver hulllon revalued and held to secure
silver certificates.
Potential
seigniorage on
silver bullion
at cost In
General Fund 2/
3"..
1.8.7
I9U
Total
seigniorage
on silver
revalued
3'..5
63.7
69.5
91.7
122.2
1.8.7
193»»
nationalized
silver
(Proc. of
Aug. 9,193"*)
226.2
302.7
366.7
16.8
36.0
58.0
191*0
Sliver Purchase Act
of June 19,
1..2
65.5
66.5 i'
2/
2/
51.1.6
758.8
950.6
1,055.8
799.7
818.9
820.6
820.7
938.1
1,069.6
1,089.0
981.3
1,011.1
1,031.8
279.2
1,068.9
1,068.9
1,069.0
186.9
1,069.0
1,069.0
1,069.0
178.8
175.3
173.0
3'..7
1,069.0
1,069.0
1,069.6
170.2
170.6
161.2
3"..
1,070.2
161.7
3'.
-7
31..
31..
3l'-7
.7
3". .7
3"..
3"..
3'>.7
3"..
1,01.8.2
967.3
717.3
333.2
161.2
21.6.7
221..
181. .9
180.9
The figures In thle colunn are not cumulatlTe; as the amount of
bullion held changes, the potential seigniorage thereon changes.
Includes $600 thousand which represents seigniorage on sllTsr
received under the Act of July 31, I9I.6.
.
.
.
.
.
75
March 1947
Money In Circulation
(In mlUJone of doll&ra)
Paper motmj
Total
End of fiscal
jear or BOnth
on«7
In
circulation 1/
Total
paper
onej
OoU
cartlfIcatas
SllT*r
cartlflo&tva
1/
6,U7
19U
9,612
5,92*
5,93*
6,*88
7,2kS
8,932
19*2
19k3
12,383
17,k21
22,50*
26,7*6
28,2*5
U,600
59
16,*92
21,*38
25,5*1
26,9*5
57
5*
58
50
27,917
27,95*
27,879
26,657
26,691
36,609
51
51
27,885
28,120
28,2*5
26,605
26,3^9
26,9*5
7,0*7
WW
7,81ia
19"
WkJ
I9W
19l*6-Januar7
f ebruar7
March
.
April
Maor
June
not«B
of 1890
tfaltvd
StaWa
Dot«a
Feder&l
Baserre
DOt««
?ed«ral
F«aerTe
Bank
not«e
ational
notae
2/
2/
1937
1938
1939
6,I>61
Treftaurr
1,078
1,230
1,*5*
1,582
1,71*
281
262
266
2*8
300
*,169
1,75*
1,6*9
1,588
1,651
2,025
*,Uk
30
k,*8*
5,163
6,68*
26
22
20
269
217
186
165
150
317
322
322
323
317
9,310
13,7*7
18,750
22,867
23 ,973
19
58*
597
527
*£*
139
132
126
120
Ilk
307
307
306
23,867
23,868
23,7*1
*87
*8*
*79
U7
51
1,827
1,86*
1,916
51
50
50
1,978
2,018
2,0S5
303
317
23,685
23,861
23,973
*73
115
*68
U*
317
U6*
11*
*58
U5*
*51
U3
U3
111
111
110
78
72
67
63
38
July
August.
September.
,
28,25*
28,**8
28,507
26,9*3
27,129
27,175
50
50
50
1,996
2,002
2,009
31*
317
315
2*,01D
2k,192
2*,237
October. ,
Korember,
December .
28,600
28,861
28,952
27,255
27,506
27,591
50
*9
*9
1,987
2,006
2,009
31*
319
316
2*, 3*7
2*, 580
2*, 672
***
**0
*3*
28,265
26,927
*9
1,916
308
2*, 116
116
116
*29
.
19U7-JanuaT7 p.
IM
of flacal
jear or aontji
Total
00 in
523
527
1937
1938
1939
19*0
19*1
558
599
6S0
783
Stalwart
•llTer
dollar*
Stttoaldlarj
•llTar
Minor
coin
112
Money In
circulation
per capita
(In dollar*)
3*1
3*2
361
38*
*33
Ik*
1*6
155
169
19*
50.05
103
50*
610
700
129
1*0
8*3
213
236
263
292
317
91.95
127.63
162.98
191.56
200.3*
38
J9
*S
*6
53
66
8*
*9.77
53.8*
59.*6
72.16
19*2
19*3
19**
19*5
19*6
929
1,066
1,205
1,300
19*6-Janua;7...
February.
March
1,261
1,26*
1,269
136
136
137
819
820
82*
306
307
309
198.68
198.83
198.16
April
Maj
June
1,280
1,291
1,300
138
139
1*0
830
837
8*3
312
315
317
198.08
199.61
200.3*
July
August. , .
September.
1,3U
1*2
1*3
1**
8*9
1,319
1,332
862
320
323
325
200.23
201. *2
201.69
October.
November
December
1,3*5
1,355
1,361
1*5
1*6
1*8
872
878
882
328
331
331
202.22
203.93
20*. *3
1,338
1*7
86k
327
199. *6
.
.
.
.
19*7-January p.
(1) Circulation Statement of United States Money; and (2) Annual
Peport of the Secretary of the Treasury for 19*6, pages 623-627.
Preliminary
Excludes (1) money held by the Treasury, (2) money held by or for
the account of the Federal Reserre Banke and their agents, snd
(3) coin estimated to be held outside the continental limits of
788
853
2/
^
the United States. Includes paper currency held outside the
continental limits of the United States.
Cold certificates and Treasury notes of I89O In circulation are
being canceled and retired upon receipt by the Treasury.
Federal Reserve Bank notes and Rational bank notes are covered
by deposits of lawful money and ere In process of retlrenMnt.
76
CAPITAL
AND
Treasury Bulletin
MOVEMENTS BETWEEN THE UNITED STATES
FOREIGN COUNTRIES AND NET POSITION
IN
FOREIGN CURRENCIES
.
. .
.
.
77
March 1947
Capital Movements Between the United States and Foreign Countries
chapter
This
on
Capital
3tates and
Is
Foreign
Section
Movements
between the
available.
Foreign
Currencies
United
Countries and Position In
divided Into four main groups.
of Capital Uovements,
I
The last group contains Information regarding the
position In foreign currencies of United States
banks and brokers,
their outstanding foreign exchange
contracts and purchases and sales of foreign exchange,
the Historical Summary,
net
contains data regarding capital movements, by the principal types of data and by years, starting with 1935.
The last thirteen months
data
Is
are also shown.
Each type of
then broken down Into Its chief components In
both spot and
month period.
forward.
This
section
covers
a
twelve-
the same chronological detail.
Figures
Section
II
supplies
a
geographic
breakdown by
for
previous periods may be obtained from
the following sources:
principal countries for the last thirteen months.
The
total
capital movements are given first and then the
Supplement to the "Treasury Bulletin" on "Capital
Movements between the United States and Foreign
Countries,
January 191+2 through April 19U5"
for
details during that period.
principal categories are shown separately. In addition,
at this point, the total outstanding claims on and liabilities to foreign countries are each presented.
"Treasury Bulletin",
November 1945,
for oacltal
movements, and position In foreign currenclps by
*
months, 191*2-191*5.
Details with respect to capital movements and
short-term claims and liabilities are presented In Section III as of the latest month for which the data are
"Treasury Bulletins", March 191*2 and earllor for
details covering years back to January 2, I935.
Section I.- Historical Summary
Table 1.- Net Capital Movement
(In tboUBaadi of dollara; negative figure* Indicate a net outflev of capital froa the united States)
iaal7Blt of net capital noYaaent
Calendar jrear
or month
aoToment
Short-ten
banking fnnde
1935
1936
1937
1938
1939
(Jan.
1, 1936).
2, 1935-Jan.
(Jon.
1, 1936-Iloc. 30, 1936).
(Dec. 31, 1936-.Dec. 29, 1937)(Dec. 30, 1937-Doc. 28, 1958)(Doc. 29, 193g-Jan.
1, 19'iO).
19U0
I9UI.
(Jan.
U^ 19llO-Dec. 31, 19U0)
la:
Hot capital
l.Ul«,eg6
1,226,722
833,715
992,829
U2g,lU2
287, 39U
328,968
1,135,'»83
1(12,956
1,198,735
8Ul,628
695,080
-U53,g23
626,121
1,286,893
u6l,35U
Brokerage
balanceo
Transact lone
In domestic
•eoirltlee
Traneactlone
In foreign
eecurltlee
32,990
316,660
600,693
211.626
57,196
-85,127
-215 ,062
-261,955
16,599
27,767
210,735
-113,105
-326,626
51,703
-7,361
77,696
93,196
-16,617
221,167
6,039
6,811
311,
687
3t
125,15*
191,076
267,008
26,758
U5,6gq
,'>91
-'»2g,056
20.358
-U9
3,513
13,372
8,529
17,791
9,02U
8,281,323
6,U59,19U
153,102
172,101
1,196,926
19U5-Oetober.
NoTember.
Deeeaber.
71,193
-132,120
1,837
lU6,i467
-157,226
-9,691
-227
1,636
5,075
-23,368
-15,985
19,659
-51,679
36,155
-10,206
igU6-JaQuary.
February.
March
20,OU9
-U7,726
-UU,33U
-62,276
-28,782
-8,932
-1,210
5,956
-172,787
16,117
-27,330
125,055
-30,687
5,822
1,793
-712
UU6
-11,326
-11,009
-1,719
28 , 106
-1U1
5,8^6
3,658
-108,858
-13,987
-13,863
21,175
16,515
28,826
2,663
-6,191
26,229
19't2
19't3
19UU
-2lt3,522
583,373
1,168,058
l'>8,59U
l,07't,375
19't5
igliG
(Jan.
1,
19U6-0ct. 3:, 19I46).
Total (Jan.
2,
1935-Oct. 31, 19'»6).
-521
1,216,303
76,683
April.
May...
June.
-56,Ul2
-268,552
-67,600 r
July
August.
September.
157,952
-150,722
-9U,361
.
.
October.
30,218
r
Revised.
y
Adjusted to take account of the elimination of $1,322,000, an
aaount which should not have been reported as foreign.
-"•7,033
-2gU,907
-62,939
2>'5,779
-159,116
-112,985
y
7,520 1/
78
,
156
3,151
-388 r
Treasury Bulletin
78
Capital Movements Between the United States and Foreign Countries
Section
I
Historical Summary
-
-
-
(Continued)
(Continued)
Table 2.- Short-Term Claims on and Liabilities to Foreigners as Reported
by Banks and Bankers In the United States
(Position at end of period In thouBande of dollaraj
Short-term liabilities
Short-term claims
Payable
In
foreign
currencies
End of calendar
year or month
1*88,365
1,301,11*2
1,156,1*96
,977
1,623,317
?, 893 ,087
2,203,185
3,221,328
1,U56,885
1,600,507
1,985,025
3,025,189
3,938,232
3,678,518
I*, 205, 389
5, 371*, 903
5,596,775
6,883,068
3,786,182
3,352,223
3,523,328
128,951
672,6114
65'>,990
11*0,911
152,1*37
626,0US
508,702
150,01*1*
66,71*5
161,263
96,726
116,917
165,521
173,238
1*7,1*77
115,118
V}Ul
383,978
367,786
1*7,068
U8,633
X9'>S
21*6,673
19^3
I9UU
30,916
31*, 397
72,01*8
257,929
86,378
11*3,709
137,161*
329,691*
51*,
603
105,1*21
169,670
191*5
392,766
1*7, ''89
100,267
21*5,010
259,952
331,320
392,766
1*2, 606
It06,286
(Dec.
(Dec.
(Dec.
(Dec.
(Jan.
19ltO
(Dee. 31,
1935).
1936).
1937).
1938).
3, I9W)).
31,
30,
29,
28,
W"^).
19''5-Octo»)er
NoTflOiber
Decemlier
19l*6-Januar7
1*06, 801
Februar;
March
1*31*
385,636
310,1*77
268,719
221,383
202,085
356, 501
,91*6,621.
82,983
103,369
60,828
,238,097
121,001
306,618
668,168
1,222,580
1,218,633
1,910,898
31,049
19,677
13,893
17,911
21,641
3, 551*, 251*
24,619
27,890
6,586,923
6,524,647
6,495,865
1,926,596
1,863,228
1,820,061
28,521
30,912
29,114
6,448,832
6,163,925
6,100,986
1,895,283
1,910,898
50,121*
1*9,218
108,396
102,268
112,076
21.7,766
6,993,209
6,931,1*8
6,927,795
4,961., 752
270,667
1*90,703
511, 02U
57,961.
58,1.60
561,1*16
236,539
231,855
276,116
216,171
272,281
July
August
September
6llt,6o8
108,706
108,093
106,196
October
601,616
103,516
215,31*3
221*, 328
6,883,102
6, 651*, 628
6,612,010
1*,
959,697
1*,
927, 985
11,760,1.88
4,762,835
3,310,732
3,958,716
5,116,974
5,267,081
6,490,302
21,301
23,422
24,522
11,91.6,621*
101,531
217,396
228,236
,712,626
1,944,872
1,943,274
1,943,576
1,930,561*
6,883,068
53,333
25,51*6
,577,11*3
6,692,534
6,530,108
6,490,302
6,952,1.86
6,861,1.28
1*,
197,287
5,027,036
99,951*
25,51*6
121,601.
21.5,010
255,315
266,521
522,563
950,703
97,851
95,71*2
90,1*37
997, 303
1*,938,255
ities
1*6,795
66,1*78
100,267
62,072
580,150
1.
Net
short-term
liabil-
209,597
111*, 791
135,311
1*7,1*89
31*, 270
It
1.,
foreign
currencies
1*3,596
1.31,930
April
Maj
June
1*,13U,1.12
Payable
In
Deposits
of
foreigners
Loans to
foreign
banks
778,579
X935
1936
1937
1938
1939
Payable In dollars
Payable In dollars
k, 91*9, 71*5
232,296
6,908,181
6,767,799
6,689,272
i*,79l.,61«D
1,842,517
1,790,877
1,867,115
25,415
27,177
27,517
6,346,765
6,187,649
6,074,664
225,817
6,679,1*78
4,91.6,961
1,702,781
29,736
6,077.862
21*0,202
5,0W>,21.9
Table 3.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures Indicate a net outflow of capital from the United States)
Short-term liabilities
Short-term claims
Payal)le
In
Calendar year
or BDDth
foreign
currencies
-3,552
31,868
-20,191
-48,604
-7,717
136,780
53,039
49,341
75,159
41,758
631,469
358,023
269,770
300,020
1,018,143
19,268
409
15,933
58,120
-3,515
20,671
1*7,336
19,298
60,899
716,904
-259,714
485,870
(Jan. 2, 1935^an.
1, 1936)
(jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937-Dec. 28, 1938)
(Dec. 29, 1938-Jan.
3, 1940)
361,360
1940
1941
(Jan.
4, 1940-Doc. 31, 191*0)
1946)
124,724
16,192
97,503
-11,256
-71,765
-63,072
-208,850
-20,216
7,114
-56,029
1935-Oct. 31, 1946)
478,867
1945-Octobor
NoTember
December
1946-Jenuary
February
March
foreign
currencies
-94,806
20,520
37,802
4,933
-16,971
20,386
-42,541
992,829
428,142
287,394
328,968
1,135,483
-14,310
185,617
385,365
554,412
-3,947
692,265
-207,592
-29,779
-11,372
-5,102
4,018
3,730
3,905
4,190
841,628
-243,522
583,373
1,168,058
148,594
1,216,303
-428,056
587,331*
333,1*07
6,333
19,683
143,622
374,440
1,040,164
143, U9
760,993
-1*33,959
Net
short-term
liabilities
330
-19,043
6,51*5
1,179,311*
-32,506
5,151*
-75,31*0
-172,014
19,193
220,359
1,279,375
219,206
105,607
620,884
220,576
583,205
-15,804
250,518
-173.153
401,502
5,980,327
4,320,469
1,686,659
-26,801
6,459,194
10,274
-71,368
-61,446
-2,834
-990
-3,893
-1,927
5,305
-9,830
15,035
-75,683
-47,723
171,793
-91,058
21,640
103,201
-59,048
8,369
65,750
-35,281
15,615
2,842
3,271
-2,344
182,067
-162,426
-39,806
-13,5eo
-515
-25,129
-2,635
906
-4,115
-8,129
6,128
-9,808
-2,756
60,474
-62,284
-5,055
33,971*
-11,206
90,203
-61,761
-3,653
302
-4,245
2,121
1,100
76,683
-62,276
-28,782
April
May
June
-2,340
-56,433
-20,321
-8,739
4,108
-496
10,545
-115,865
-10,840
-4,146
55,324
-8,985
-44,693
-228,474
-42,618
-31,712
-167,497
2,31*7
-16,980
-63,368
-43,167
3,999
2,391
-1,798
-47,033
-284,907
-62,939
July
August
September
-50,392
-18,734
-34,458
-50,246
613
1,897
-8,303
4,684
-44,261
8,157
-24,031
7,906
296,171
-140,382
-78,527
277,414
-90,504
-155,105
22,456
-51,640
76,238
-3,699
1,762
340
245,779
-159,116
-112,985
12,992
2,678
3,835
6,479
2,219
7,520
1942
1943
1944
191*5
1946
U9
17,624
28,948
117,340
banlcB
Payable
In
Deposits
of
foreigners
Loans to
foreign
228,132
-14,788
-11,526
2,393
83,299
1935
1936
1937
1938
1939
70,
Payable In dollars
Payable in dollars
1, 1946-Oct. 3I,
(Jan.
Total (Jan.
2,
-3,1*71
-11*,
J
October
1/
Adjusted to take account of the elimination of (a) 3,797 and (b) 525,
amounts vhlch should not haTe been reported as foreign.
-7,51*9
-5,472 \J
156,118 15/
-1,598
-163,809 lb/
March 1947
79
Capital Movements Between the United States and Foreign Countries
Section
I
-
-
(Continued)
Historical Sumnary - (Continued)
Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers in the United States
(In thouBaoda of dollars)
Domestic Nsnds
DoBiieBtlc etocfce
Calendar year
or month
Purchaaes
1935
1936
1937
1938
1939
(Jan. 2, 1935-Jan.
1, I936)
(Jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937-Deo. 28, 1938)
(Doc. 29, 1938-Jan
3, 19I1O)
19W
(Jan.
19'tO-Dec.
WW)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
B.a.
n.a.
31,
19'il
19'<2
19*3
igkit
Wi-S
(Jan.
1,
ig^S-Oet. 3I, 19I16)
Total (Jan.
2,
281l,206
''73,052
-188,81'6
U6,039
li,
368,558
96,383
151,639
136,853
260,223
306,858
75,''e8
-222,519
20,895
n.a.
n.a.
n.a.
n.a.
n.a.
221,816
nli,952
Ret domestic
Hat
n.a.
n.a.
n.a,
n.a.
278,032
214,388
-56,216
I61i,2l8
2'il,299
138,5111
268,2ltli
25,704
70,744
245,314
-15,673
-258,445
-"12,977
-3'',
357,655
375,039
-97, ''32
513,558
377,717
-68,181
351, ''10
579
26,32lt
November
December
''3,021'
-16,700
33,081.
19'*5-October
''7,622
'•1,569
-l'',538
5'', 782
li2,78o
30,180
19'*6-January
170,555
393,390
609,855
stocks
and
bonds
sales
986,02li
316,660
600,693
244,626
57,196
-85,427
2,083,698
2,028,755
1,142,923
1,U9,905
658,268
751,084
582,946
214,002
365,171
439,676
751,045
984,894
27,767
210,735
-113,105
-326,626
11,450,123
472,101
7U
506,022
320,991
260,601
392,938
650,411
637,940
-245,062
-261,955
''6,599
31,019
29,318
61,925
37,687
30,765
30,877
-6,668
-1,447
31.048
57,3''3
80,
62,402
92,105
78,387
72,446
-23,368
-15,985
19,659
-7,2211
119,320
-3,938
-15,093
69,777
214,883
19,392
54,183
-165,563
50,385
-12,237
96,878
108,619
65,930
269,665
62,172
93,260
-172,787
46,447
-27,330
-10,571
-7,876
liO,3l'6
44,101
38,699
35,955
-3,755
-3,133
2, ''35
73,899
67,350
65,782
88,225
78,359
70,501
-14,326
39,660
-100,434
-14,691
-9,235
39,971
35,411
49,065
148,829
49,398
62,928
-108,858
-13,987
-13,863
-2,217
55,363
61,557
-6,194
-11,389
February
March
''7,558
38,8112
23,9811
April
Haj
June
33,553
31,78U
27,392
I*lt,12l4
3ii,5l'6
-7,15''
July
August
September
23,535
25,871
32,076
31,959
25,167
-8,ii2it
70''
16,1136
9,5li0
36,70it
-4,628
16,989
116,870
24,231
26,224
October
22,263
26, 21.0
-3,977
33,100
35,317
n.a.
1,302,684
2,684,391
2,273,381
1,200,119
1,034,478
Total
11,922,224
19'', 616
171, ''32
-39, ''36
1935-Oct. 31, 19lt6)
19'>6
Total
purcbaaes
39,077
lil,9li6
35,566
38,390
-U,009
-*,719
Not aTallable,
Table 5.- Purchases and Sales of Long-Term Foreign Securities by Foreigners, as Reported
by Banks, Brokers, and Dealers In the United States
(In thousands of dollars)
Foreign stocks
Calendar year
or month
Foreign bonds
Net foreign
stocks
Total
purchases
Total
sales
n.a.
n.a.
n.a.
n.a.
n.a.
661,256
896,149
1,016,188
482,809
561,236
536,098
705,073
749,180
456,051
445,547
125,158
191,076
267,008
26,758
115,689
n.a.
n.a.
74,209
88,973
-29,156
228,763
205,289
185,261
220,533
469,645
340,863
355,441
701,876
127,133
133,558
227,897
391,949
247,367
402,058
477,709
78,156
51,703
-7,364
77,696
93,496
-46,617
224,167
bonds
1935
1936
1937
1938
1939
(Jan. 2, 1935-Jan. 1, 1936)
(Jan. 2, 1936-Dec. 30, 1936)
(Dec. 31, 1936-Dec. 29, 1937)
(Dec. 30, 1937-Dec. 28, 1938)
(Dec. 29, 1938-Jan. 3, 1940)
1940
1941
1942
1943
1944
1945
1946
(Jan.
4,
(Jan.
Total (Jan.
1,
n.a.
n.a.
1946-Oct. 31, 1946)
31,
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1940-D8C. 3I, 1940)
2, 1935-Oct.
n.a.
n.a.
n.a.
23,278
26,601
37,328
55.266
1946)
n.a.
n.a.
n.a.
19,791
22,078
54,789
59,862
n.a.
n.a.
n.a.
n.a.
3,487
4,523
-17,461
n.a.
-'',596
446,367
314,262
318,113
646,610
372,158
225,289
347,269
417,847
8,216
11,150
.800
-3,819
-5,796
13,482
63,464
17,584
64,361
23,190
-2,993
-2,256
-1,991
161,145
25,446
29,247
n.a.
1945-October
November
December
3,533
4,397
5,354
1946-January
February
March
6,788
5,625
'',333
6,096,546
.
4,899,620
1,196,926
21,99''
-50,879
40,274
-4,410
17,015
67,861
22,938
68,694
31,406
33,144
-51,679
36,455
-10,206
33,067
53,877
21,434
128,078
-28,431
7,813
167,933
31,071
33,175
42,848
61,758
27,353
125,085
-30,687
5,822
''4,955
18,623
44,081
3,281
29,593
623
52,763
55,981
49,609
27,875
50,313
28,106
3,928
9,781
7,881
5,919
April
May
June
4,527
7,765
5,221
4,654
9,252
6,232
-127
-1,487
-1,011
48,236
48,216
44,704
July
August
September
4,845
7,210
4,116
5,056
4,419
729
-324
2,791
108,919
70,894
55,266
88,173
54,025
29,231
20,746
16,869
26,035
113,764
75,626
62,476
92,289
59,081
33,650
21,475
16,545
28,826
October
4,625
2,552
2,073
54,537
30,381
24,156
59,162
32,93:>
26,229
n.a.
r
Not available,
Revised.
'',732
:
l>9,925 r
3,15''
Treasury Bulletin
80
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
Table 1.- Net Capital Movement
(In thoUBBnda of dollara: negatlTe flgurefl Indicate a net outflow of capital from the United Stataa)
ISki
igus
April
May
June
-9.572
-61,838
8,6U3
123,667
-100.1*67
10,672
1,350
-31.605
270,616 -131,821*
-13,090 -26,226
-'',023
-7,321'
-9,-<70
3,l''7
2,2lA
1,75''
-578
1.25
-156
-171
20
-123
1,265
-3,126
9U
1,8113
U.O'^O
2.55''
69 U
661
322
1,588
-13
-619
6.663
-2,766
-U,it69
i*,110
-11,705
-6,788
2,578
March
Europe
United Kingdom
Prance
Belgium
U6,93U
-22,S25
Denmark
Finland
Germany
1,785
-U37
Greece
Italy
Luxembourg
S.505
3,839
Netherlands
Norway
November Decenber
January
February
-'19,063
October
3,809
-5,580
2,672
-311,226
89,39''
-53,553
-21,9U2
-18,227
-85,679
-16,533
3.361
13,082
-189
1,369
-93
-111, 088
-12,135
U,227
-U66
-S6
-560
289
-1,616
-2, '•96
August September
Julj
iw,932
27,883
938
71,199
12,008
17,917
5,093
896
-367
-2 125
2,635
659
-6,lU2
3,U22
-1,029
-5,903
9,981
,
-8U5
-22
-210
26,223
I9U
5.205
2,705
-su
1U3
526
22,797
-350
67
276
-8,035
26,510
551
2,1)3U
-12,628
-22,537
-'',930
-8,371
-8,536
-1U,UU1)
-8,677
-338
10.765
-2,715
101,83''
299
3,2UO
13, ''72
1,71't
-1,3''0
-1,786
-319
835
131
'',199
-310
1,101
-833
-12,1*90
-2,292
15
Suraan la
-23 U
5,672
367
5,75''
Po rt ugal
3, '•56
2,812
186
20
6,91"
-1
-78
-135
896
781
692
990
19''
5,095
U98
-1.273
-3,91*2
-6,571*
-1,327
-1,505
l,l)6l
6
-2,129
-7,615
-6,368
-U,80lt
-6,723
7,561*
-6,011*
-13,38U 21,808
6,269
2,52'!
-2,262
-1,271
-3.5''3
-'',975
12,5'«>
11,558
1,737
578
3,988
-9,317
8U5
2,531
11,51'
-2.28U
U66
-10,1151*
195
1,555
19,965
852
13U
-8,251
1U,167
Spain
Sweden
Switzerland
U. S. S. R
Yugoslavia
Other Europe
2,925
U,6ll
-687
'^
1,886
-7,2U6
772
'*,758
-2U0
199
U79
12,512
3,230
350
-625
1,53't
1,509
217
801
1,923
2,101
170
2,815
38,iiU5
-70,635
3U.U38
71,622
-77,001
-99,922
-32,113
•200,900
-11*3.91*6
Canada
7,997
15,177
-38,599
-53,lli2
1U.196
13.U7U
22,7SU
-1*1,500
latin America
Argent Ina
Bolivia
Brajll
8O9
-628
2,Uii
-U,61'8
2,268
-1.020
-5.016
16, 389
-1,296
7,098
lU,251
-l.UOl
-7,130
-1,988
2,262
-7,1'iq
8,685
-3,6?9
U71
720
-U,076
-1,99'
-305
-3,551
-U.785
-271
-8,2gU
-19.077
-12,850
-3O8
-5,253
-690
-5U,3il
U2g
3,02U
..
lU
Total Europe
Chile
ColombiaCosta Rica
Cuba
French West Indies and
Guiana
Mexico
6,809
-965
1,1113
-
.
Netherlands Vest Indies
and Surinam
UOl
-1126
6,9951
-1,187
-3U9
98
-6,500 -18,967
-1,336 -ii.qgi
-702
-1,397
191
21*6
-6,572
2,l»6li
-375
6,000
235,972 177,1*00
37,256
-17
-2,2U3
10,3U8
8,978
1;
-no
12.1*08
89, '75 1;
-3U.UI49
-55,21*8
-1*5,839
-67,017
11,1*72
2,625
-20,807
2U,L9l
1,328
-9,560
27,111
-2,312
-368
116
15.75''
l.llUU
12,886
65,338
U67
ll,6ig
-2,831
2,952
-3,7'*9
-'',875
1,060
-I163
3,661
10,905
-580
-10,7'1
-8,789
-7,935
-6,329
-2,635
8,37"
6,099
3,610
l,8lll
18,007
-19,022
U28
11
596
2,113
-1,527
-26
-1.051
U,618
-'',867
5,081
-1,991
-l.OOU
11,176
"57
2,961
-681
-1,820
-2,108
-3^2
-'',896
-1,039
-6,1«9
11'7
16,126
"7
-576
3'*
lU,56iJ
-5"
5,229
16, 898
-16,156
-1,166
11,652
663
-5,3"!
-U50
6.810
1.133
5,132
-1,590
-2,55"*
-2,UU6
-U,009
637
-2,113
-1,893
-1,185
-515
2,Ull
-778
615
-I15U
1,251*
8,790
-"."35
2,605
-1.739
18,1*92
-21,1*56
2U,827
165
687
1*73
-1,823
-Ull3
-359
-6
,
I1U9
-5, "2"
1,073
-2,02U
-221
3,129
-3,669
1,065
-2,123
-7,285
623
-1,878
1,958
-3,685
1,9U8
-2.338
-1,003
3,959
2,600
-8,521*
ii.iiue
-1,56't
8,961*
9,821
-W2
10.098
-2,835
1,720
1.750
-3.857
-922
-13,320
9.993
5,505
79'*
10,661*
-U,098
-350
Total Latin America
-9,095
-6g,206
1,922
6,697
5,6Ul
'«,733
3,kOS
30,608
1*0.119
1",501
80.132
Asia
China and Manchuria
French Indo-Chlna
Hong Kong
6,793
-77
-1U3
-10,935
-220
-9,970
-9,85"*
UIO
2,7''7
-20.916
6,336
1.616
-20,080
3,222
2,175
-20,767
220
1,512
-22.721
1,02U
-1,601
.U1,137
725
5,221
2,227
-51.993
3,502
-".713
-60,905
7,771
-13
5,232
1,U26
U6
-150
-1,667
173
-it,U77
8.5''7
-1,932
-U.ltOU
uuo
-11*0
-1,015
5,638
6.262
-1.091
8
-6,1U8
9,68U
",236
-51*9
-197
-1U7
3,587
-359
73
-10,868
-77
-U5
8,569
UU2
''5
-3,61*0
'',333
-1,636
9,975
-1,175
-U.llO
8,128
5.752
-2,707
-9,329
-9,357
U,g09
2,985
-1,256
-32,77U
3,965
2,88U
17,768
1.117
-'.828
-3,216
-295
-1,913
-",177
U,lt80
Panama
Peru
Venezuela
Other Latin America
India, Burma, and Ceylon.
British Malays
Japan
Netherlands East Indies.
Philippine Islands
Turkey
Other Asia
67
-53
-3,92U
-2.2U3
658
-1,299
U2U
18,lll9
-3,28l»
'',923
3,233
-3.296
169
-lUl
-2,976
588
'*,538
12.2l»ll
1,235
-l6,lli6
5,033
5,755
-2,770
-U72
-".720
2,112
-I1.8I1O
6,5''3
-1*5,568
-117,198
-68,212
-66,7"6
501
2,752
3,3"0
-1,616
-ll,li8U
16,656
-1,375
333
2,523
197
97
1,06'
1,331
1,5"7
273
-3,151
55?
2I16
3,297
-1,5"7
1,783
11,235
-5,660
-101
",132
2,572
-3,596
-15.653
6I15
1.053
U67
-2,0lll
205
-190
-3.083
-3,005
-221
-1,532
-160
2.275
398
190
91*2
3,971
2,263
-806
591
159
-579
-1,021
-1,198
86U
French Morocco
Union of South Africa...
All other
1,903
-1,586
3U1
-i,U7i
-281t
''37
-622
-312
-1,059
2.U66
7,858
175
-153
-2,836
711
23,0''3
1,U7U
727
-17.565
920
1,178
1,187
-5,000
-1,267
79U
-3,122
Total other countries...
28,37't
-11,581
-U,^6o
-l,0l>9
r
1/
Revised.
See page 77-
-1,''53
-1,620
l.ltgl*
-2,790
-81
-59,516 39,212
-3i.l
U61
_55i
-928
-Ug7
71,193
-132,120
11,837
?0,0ll9
7.616
-5,085
1,622
-5,896
5112
302
-9,800
35,678
7,957
16.208
International
Grand total
-26
-2I1.863
5,011
Unidentified
-5,195
-5,267
-3,1*17
-118,309
12
3,1*1*6
-7", 535
12,56U
Total Asia
-12,020
i,5'«
U,31U
Other countries
Australia
New Zealand
l^^ypt and Anglo- Egypt Ian
Sudan
-I12.690 -35,601
-37,8'*2
-1,318
7, '129
"."59
5'',3''6
-22,076
-3 06I1
lU;,to9
9,166
80,339
250,861
15.366
1,067
l'29
2,988
-2,232
U7q
672
-56,1*12
-268.5'S2
-1(7,
7?6
-67,600r
-1,989 -281.31*6
157,952 -150.722
-9l*,36U
30,218
Ij
SI
March 1947
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Summary by Countries
-
(Continued)
Table 2.- Net Movement of Short-Term Banking Funds
(In thousands of dollars; negative figures Indicate a net outflov of capital froD the United States)
igits
October
SULSSS
United KlngdoB
France
Belgius
-2.565
t7.152
NoTeaber
-5.051
ISU6
Decesiber
January
febroary
l"*!
17.196
-29.060
88.551
-S3. Oil
-12.678
2,003
-1.31I*
-17.529
-18.119
^enmarlc
1.731
3.090
-662
1.U66
-'*73
'.259
-U83
-167
13.151*
rioland
Germany
1*.005
80
-191
-57
Greece
Italy
191
2.58U
Luxeabourg
-33.
2.30U
3.160
170
Netherlands
Borway
Portugal
7.'*29
5.73''
-1. 700
253
3.157
Suaanla
Spain
Sweden
-g.2l6
Switzerland
U. i. S. B
Yugoslavia
Other Europe
-258
8.585
-1*9,021
-138
March
-119.998
13.857
983
-97.186
-33.759
-79.000
-16.282
58.802
-2.2811
9.170
2.668
679
-158
3.111
-556
2.206
21
-125
518
22. 799
-638
6.587
-301
18
tl7
-857
-3'*6
71*2
26.299
-7t5
30
35
5.238
2.993
-U
12.085
1.629
-693
12.91*9
-12.092
-5.628
-2.228
13.101
-2.979
102
-7.6U3
-8,693
-101.671
U.321*
-333
-78
708
-I.0U8
1*
-2.11*1*
692
913
-6,312
-1.388
-".573
2.336
20.056
-2,61*7
12,51*0
911*
-1*16
2,220
3.800
-3'»3
Ik
36
17
-23U
-6.955
5.177
3.596
12.981
3.230
295
7.951
1.736
-3bl
6.937
399
218
-66
-1*32
2.651
-1.271
196
1.873
-965
It
-3.387
June
-2U6
6.913
3.251
1'*.203
Nay
5.0a
-8.086
611*
Jul/
April
-7.891*
2.031*
1.371*
191*
August
280, 6gl*
-125.793
1*5. 51*9
76.507
-13.222
-7.863
-21*, 091*
-9.153
83?
775
17.9T7
1.136
-3.136
-150
560
828
1.5'*7
U.85U
80
1.591
32
-23
-2.81*2
5.061
562
-8.676
26.653
31"
-U.U90
U,381
-179
-6.190
2.593
-1.073
-13,153
308
-875
-22.229
-12,1*66
-1.101*
-8,932
-6,500
2.502
-2.581 15,01*1*
-1.755 -l*.786
-611
-1.368
-135
-3.963
-6,851
866
-12,889
10.653
-2.353
-1.626
-5.996
-16
208
357 -2.299
-13.165 -21.805
1*.027
-9.301
21*. 262
-2.282
-10.1*52
8M
8.977
1*66
3.562
2.1*16
-275
5.805
12.613
1*0,21*9
-i».
793
10.785
2.077
173
5,011
Latin America
Argentine
Bolivia
Brazil
21*.
891
-8.739
8,121*
-2.053
2.622
395
-5,91*1*
10,195
-86
13.3'*8 1/
-uu
321
-15l*,201
31,85'.
-b6.05'*
73.58/
23.970
311
25.618
-2.29>»
-663
208
11,983
12.11*1
801
2.335
2.61*7
1.190
-20,790 10.611*
3.392
10.782
-577
-11.320
-9.163
-7.939
-6.581
-3.366
8.326
-715
-930
1.013
2.662
-5.198
-153
6.283
lt.229
1.035
18,682
-20.553
-9.35"
-1*21
588
5.73''
-5.721*
-1.525
-".5"3
-U81
-252
-663
-380
1.510
950
-163
-722
".963
1*5.862
-5U.817
21.872
97.260
-70.862
-82,258
-18.620
J
-IH1.730
(>lA'ti
Total Europe
Canada
Septenter
-11.925
38.891
-192.i***5
2.033
18.1*23
-17.35"
-81.312
12.01*0
1.118
-637
1.202
-'<.56'»
-5.1*01*
lU.236
-1.691
2.595
-1,21*0
-1.231*
-8,610
-2
-2. 797
-1,071*
-1.838
-1.011
6,913
-5.035
1*,502
10.700
-5. 701
lU.835
lOU
16.163
7. '•72
-'t.5''l
-138
2.579
-1.081
-1,120
-2.7113
-2.1*05
-3.525
-U.969
-230
-11.720
-11.107
-3K7
-1,612
-5,108
652
237
-6.6a
-805
iK. 797
27.1*39
52
9.970
-65
-932
-521*
38
U20
-9
663
12.073
18. 271
1.969
15.793
-1 . 880
I.I2I1
-2.535
881*
-1.1*22
-2.1*15
-2.1*65
-2.090
-2,118
-1.938
31*1
623
-1.21*0
-185, 81
81*1
,
1*10
98,000 1/
Chile
Colombia
Costa Rica
1.027
-7.675
I48I4
-3.778
6eo
Cuba
French West Indies and
-7.792
-19.166
-3O8
-798
-53.1121*
i».15''
630
1.330
3,803
-2.581
115
-2,867
-2,108
-7.211*
1,898
-2.3a
3.619
-2,21*1
-137
-1,881
-2,8a
2.91*1
Vene zuela
Other Latin America
3.679
-1.883
-10,516
-1,655
11,371
-l'*,257
6.133
-3.959
-751
-•1.398
13.506
7,191*
9''7
8.650
-3.925
2.625
-3.207
18, "18
9,1*1*6
-I.908
10.158
-11,1*69
351*
Total Latin America
-5.820
-81*,
262
-12.389
-1.315
-3.912
33.212
-3.916
38. ""7
36.505
17. "57
37.271
-"3.15"
275
Asia
China and Manchuria
French Indo-Cbina
Hong Kong
3.125
-8U
-151
-10,831
-212
396
1,616
167.271
160
2.82"
-20.339
6.336
1.682
-18.983
3.221
2.316
-17.823
220
1.528
-18. 623
1.02"
-l."71
-39.672
".538
2.310
-"0.250
3.632
-".6"1
-59.61"
5,a8
5.278
1,1*22
-I. 619
-"."62
1*6
173
63
llit2
-10.931
-75
-"8
8.563
191
-1"1
-2.236
""3
70
8.3""
-197
-130
3.562
-359
-61
8
-1"1
-".936
-1.015
5.639
-6.302
9.661
".225
6.600
-1.079
-3.853
-680
18,883
-3.328
-1.311
9.975
-b"7
".958
".300
-3.712
9.010
5.787
-2,662
-9.270
-8,725
".81"
2.907
-1.717
-33.159
3.920
7. "52
11*. 251
-25.038
-".760
2.2"7
5.790
-16.128
-1.567
-".78"
8.856
Guiana
Mexico
Netherlands West Indies
and Surinam
Panama. -.
...•.<
Peru
India, Burma, and Ceylon.
British Malaya
Japan
Netherlands East Indies..
Philippine Islands
Turkey
Other Asia
Total Asia
Other countrlcB
Australia
Mew Zealand
Egypt and Anglo-£gyptlan
Sudan
67
5.155
-1.761
659
-l.USS
-21*1*
-lit.
-690
725
1,1113
-3,"l"
-7", 65"
1.068
-5,00"
5.090
5.7""
-2.803
1.336
22"
3.353
-1.873
I.8I3
11. "01
-117
",201
-378
-"0.89"
-116.073
-5". 871
512
399
980
U66
-1.985
12
2"5
-197
-3.216
-150
-1.285
-162
2.183
165
-3.1"9
9"6
"22
2.7"5
3.329
-1.622
".967
-1.369
-1.033
-1.125
892
"6
92"
-1.362
930
l.l"8
1.206
-5.067
-1.267
825
-3.167
271
582
173
1*1*2
7U8
-17.191*
-l."36
-1*61*
-286
-279
-1.119
202
-139
-2.923
Total other countries....
28.068
-11.079
-".117
-1.05"
""6
8.069
2,
-2.286
1*1*7
-'•.118
1.561
10.153
587
".683
1.858
-2.797
1.0"8
-"8.00"
-831
185
1.778
-1",578
2.270
962
-1.937
-858
".336
5,885
36"
17", 726
1.651
-"2.597 35.165
-12.020 -5.195
3. ""2
-5.539
38,683
2". 762
1.910
-1,581
22.9b9
2.375
71*1*
U.JOU
3.859
-1*5.
-5.827
161.
7.78"
-".928
1,807
-6.039
1*50
183
b.350
I". 972
7.209
16.208
International
5".3"6
-22,076
-3.06"
1"5."09
9.166
60.329
250. 861
15.366
-1.060
1158
Unidentified
See page 77-
1.5"5
-37. "1"
10,757
French Morocco
Union of South Africa....
All other
1/
3.076
18. "75
7.771
106
-60. 822
-621
Grand total
8.1*80
-ItltO
11*6.
553
-926
-"91
1.071
1*27
2.973
-2.232
1*60
669
-1.969
-261.361
"67
157.226
-9.691
76.683
-62.276
-26. 782
"7.033
-28".oD7
-62.939
2"5.779
-159.116
-112,985
7.520 1/
Treasury Bulletin
S2
Capital Movements Between the United States and Foreign Countries - (Continued
Section II
-
Sumary by Countries
-
(Continued)
Table 3.- Net Movement in Brokerage Balances
(Id thouBands of dollarB;
Qegatlve tigurea indicate a net outflow of capital from the Onlted States)
19>t6
191*5
Octolier
Europe
United ElngdOB
Pranre
Belgium
November
250
-126
-199
129
-115
-78
Denmark
Finland
Germany
5
-26
Greece
Italy
Luxembourg
17
11
11
3
IS
76
Netherlands
Norway
Portugal
U52
-35
-11
-1,067
Rumania
Spain
Sweden
2
3
-33
99
Switzerland
S. s. s
Yugoslavia
Other lurope
-51U
861
Total Europe
309
1
131
-19
U.
336
Canada.
Latin America
Argentina
Bolivia
-321
10
1,096
Brazil
Chile
Colombia
Costa Blca
-15
118
6
Cuba
French West Indies and
Guiana
Mejlco
Netherlands West Indies
and Surinam
Panama
Peru
-UU2
-Uolt
U5U
33"
172
Venezuela
Other Latin Aaerica
-957
-S6
Total Latin America
_lJ1.
Asia
China and Manchuria
French Indo-China
Hong Kong
U2U
8
72
India, Burma, and Ceylon.
British Malaya
...
Japan
-
-7
.
Netherlands last Indies..
Philippine Islands
Turkey
Other Asia
Total Asia
'5'
-169
-36
UU5
Other countries
Australia
New Zealand
Sgypt and Anglo-^yptian
Sudan
^
French Morocco
Union of South Africa
-1
All other
-35
Total other countries....
-26
Unidentified
Griuid total
1
December
January
Tebmary
March
*prll
May
Jilly
Al]£UBt
September
March 1947
83
Capital MovementB Between the United States and Foreign Countries - (Continued)
Section II.- Sunmary by Countries
-
(Continued)
Table 4.- Net Transactions by Foreigners In Long-Term Securities (Domestic and Foreign)
as Reported by Banks, Brokers, and Dealers In the United States
(In thoueande of dollarE; neg&tlre flpuret indicate net ealee Vy foreigners)
19U6
19^5
Octolier
HoTeBller
December
January
February
-6.399
.3U7
60U
-U,262
-7,821
-5,273
11,256
U13
-6,650
-5,982
3UU
-195
-5,381
-3,210
-615
-3,573
-2,93U
-393
-3,9U5
-U,890
-8
2
36
U6
12
6U
lUO
89
78
-115
-39
10
-UU
Ul
-21
-2
35
2
131
8
191
-23
39
8
-21
-90
lOU
-63
1,1U9
-3U9
-60
-21
6
8
18
-6U
82
56
-2U3
-71
652
-186
US
-2.127
-51
-50
-2,233
-85
102
-2U8
209
-1,273
U29
-506
-359
-51
29
15
15
-37
-3
6
Spain. ..
Sweden.
91
121
Switzerland.
897
-215
-555
March
ipril
Hay
Au^et
Jane
JnXj
-3,'tS*
-9,672
-22
Septeaber
October
lor ope
Cnlted lincdoa.
Prance
Belgium
Dennark.
Finland.
Germany.
Greece
Italy
Luxembourg
fiuoanla.
S.
S.
11
H...
3
13s
607
18
-7U
-298
I.07I'
3
lUl
71
-517
-U,1A2
-201
7
-Ul
-522
63"
12
-2,306
-I470
-2
-116
-3,175
3"
2,6U3
52
-U25
2,085
-383
16
-62
-3,187
-2.61U
-1,681
-6s
-7,753
100
-7'2
35
Hetherlandfi.
Borvay
Portugal ....
U.
7U2
62
-158
-37
-1,008
-U«3
-2,037
2
Vugoslaria. .
Other Europe.
Total Europe.
I
2U7
71
1,276
3"
232
-U,006
U,680
20U
-5,902
219
-3
-20
135
-2
u
13
13
-6,3"«)
-1,U32
-U9U
l,5Uo
-100
8
12
52
36
1
-UU6
-55
-2,U10
-127
-19
-3,8U7
-5
-5
-U,U99
-23
-1
-lU
-175
6,307
-3,191
1,023
119
-IU7
-10
20
2U3
-2,558
-UOS
-380
3
5
-62
-2,137
-12
-2,021
-2,1'<3
70
-Uit6
-91
-7,726
-16,856
6,U6l
-17,6it6
-6,U6U
-17,751
-12,265
-11,291
-58,222
25,93''
-UU6
139,826
12,U70
-5,957
-"•,959
39,68U
12
-1
113
12,073
-2Ug
-1U7
1,529
-117
261
22
-1
335
1,288
U9
790
122
31
Braill...
Chile
Colombia. .
Coata Rica.
UOl
U08
-19
1,313
lUi
Canada
2,095
798
-210
-U5
251
-21
3
"•75
388
-125
'•3
-1U,938
-2
1.176
-3,987
-53
-25
-156
-3,55s
-2
1
U
-7
-U,OlUr
U5
52
-26
-25,067
-1,681
-11,U95
-67,567
11,518
2,866
5,691
36,22U
62
21U
10,9U3
-2U
-9U
21,965
-5,995
Latin America
Argentina
BollYla..
536
761
138
1.505
1,1U2
255
1,023
U92
22^^
3,115
it
1
1
"3
1.132
ltU7
705
UltS
27
178
291
-3
-19
-3
11
U
U
323
710
13
-96U
UU
632
269
208
213
21
338
9
1,895
362
18
709
-25
2I10
31
152
336
66U
-12U
1,596
1.197
-2
5U5
571
83
Cuba
French West Indies and
Oulana
Mexico
-50
5^
1,966
-66
1,617
-79
-1U3
-U,051
-592
-16
-1.11
-5
u,ggu
5,838
3,U99
"3
665
-3.283
-2,789
-652
l,U3g
Netherlands West Indian
and Surinam
Panama
Peru
-11
-2,667
-16
-193
2,2lU
-6s
-6
-1,U31
U6
-II
-2,32U
106
-319
-2U3
179
-8
2,561
63
20
3,737
95
-2U
211
16
-996
156
-9
-585
3U8
275
51
-798
-963
97
-6US
529
261
l.UUO
38,55"*
16,219
25,779
-1,016
-7U1
-27
310
9^
523
17
1
Venezuela
Other Latin America-
-122
2,763
U7l4
365
982
8,573
2,00U
656
89U
-1.120
-28
1,919
11,21U
506
3,366
Total Latin America.
-3.2I1O
13,638
15,295
S,U50
11,103
3,278
10,219
-7,Uo6
U,2U6
3,2UU
-1
17U
29
60
125
733
96
-18
-122
-152
As ia
China and Manchuria.
French Indo-Chlna.
Hong Kong
.
India, Burma, and Ceylon..
Total Asia
Other countries
Australia.
New Zealand
£^pt and Anglo-^ptlan
Sudan
-752
-3,U9U
-3,689
-1,810
-103
-9U
-183
-126
-11,106
-130
-50
-1,669
-131
66
180
15
30
119
125
760
15
3
-109
-12
-2
-8
2
-1
-8
13
-58
-85 It
-5
-2
-U5
-2,007
108
-U,5U8
195
-12,075
-U52
-76
33
13
UO
2
U9
110
-76
-53
-139
8U
2U
-15
-1,375
-862
-3,96U
-3,96s
-12.U62
-6,392
-13,133
111
-258
129
123
-22
3
10
2
-16,398
-1
10,903
-3
-25
-60
1
-2
British Malaya
Japan
Netherlands East Indies.
Philippine Islands
Turkey
Other Asia
-501
250
-80
-U2
23
-39
177,105
-3
-11,
suit
-69
-61.
-It
.
-69
-19
-9,232
-313
-1,OOU
-715
-5
-627
-1
219
Ul
-17
-399
-822
-31
-39
-6,191
-1,557
-12,533
•178,162
12't
66
19
-69
-3
U59
U6
12
-195
-368
3
-195
-57
3"
French Morocco
Dnlon of South Africa.
All other
-7
-u
109
-ISO
-10
-562
-2U9
-29
1,007
2
-32
-37
-70
-1
6U
-211
-87
-19
23
-7
-3
Total other countries.
332
-689
676
-170
32
-217
-203
20,U70
9,U53
-U7,702
15,760
-21,508
•11,172
-17,097
Dnldentlfled
Orand total.
U
-203
-50
U
80
SO6
5
-29
"5
1
-liU
-U6
21
-119
-26
-96
-52
15
-61
13
-25
3U9
-78
78
-75,OU7
91
7
'•5
-211
-3
-16,055
10,697
829
-87,383
2,558
lU,963
20,035
99
19
-5,107r
Treasury Bulletin
Sk-
Capital Movements Between the United States and Foreign Oountrles - <Contlnued)
Section II
-
Summary by Countries
-
(Continued)
Table 5.- Short-Term Claims on Foreigners as Eteported by Banks and Bankers In the United States
(PosltloD «t end of aonth In thoutandt of dollars)
isue
19^5
Deoaark
Finland
Geraany
25. '•39
1.055
631
1.521
g
Belglujn
Doceaber
1.075
602
luropo
Uaitod ticgdoa
France
XoTcaber
25.91*7
Octobtr
25
6
33.85"
33.853
&r««ce
632
Italy
Lujteabourg
31*3
691
333
68
.
,
69
Nclberlands
Norvay
Portugal
36.U93
gl)
390
1,011
S.
2,926
27
g6it
Svltxerland
S.
6U
1,602
915
1.61*5
Ruaanla
Spain
Sweden
U.
g2
B
Yu^oslaTla
Other Surope
Total Europe
Ohlla
Coloabia
Coita Blca
Cuba
French Vest Indlee and
Oulana
Hailco
Netherlande Meet Indies
and SurinaJB
Panana
..*.
Peru
7
'*,903
",693
109,558
l'tO,71'*
38,021*
53.337
lo.euit
20.525
20.956
1.796
ig.isi
1.2'»9
1.3''6
22,032
2lt,b5lt
6.797
7.179
1'1.19'»
19.1102
69.763
l.itlS
1.183
6.590
16,823
1.237
16.993
27.2U6
33.315
29
2U
10,606
11.002
9.670
363
823
1.31*2
Tenasuela
Other Latin iaerica
2$.UIt6
Total Latin Aaerica
113.563
"51
1.076
1.9't3
6.057
27.330
33.'*06
g2g
158.916
982
7.051
139
India, Buraa, and Ceylon
British Malaya
Japan
7,'*89
11*5.
6.051
1
827
135
529
532
Betherlands last Indies.
Philippine Islands
Turkey
Other Asia
Other countries
Australia
Hew Zealand
Egypt and Anglo-lgyptlan
Sudan
336
979
1,680
66
1.702
190
g05
5.670
Asia
China and Manchuria
French Indo-China
Hong Kong
Total Asia
16
g
Canada
Latin Aaerlca
Argentina
Bolivia
Bratil
1.1*00
1.393
13.658
1.681
1,990
13.81*7
2,0111
37.31'*
29,lUg
29.869
2.652
73«
907
615
715
1,682
656
152
217
316
6
i*,7'*3
9
French Morocco
Union of South Africa...
All other
it.l'*9
i.au
39
5.001
1.676
Total other countries...
6.87U
8.555
259,952
331.320
Unidentified.
Grand to tal
36.333
31.590
U67
207
62
2,2U3
January
february
March
ikprtl
Hay
July
Ascuit
SeptcBb«r
March 1947
«5
Capital Movements Between the United States and Foreign Countries
Section II
-
Summary by Countries
-
-
(Continued)
(Continued)
Table 6.- Siort-Term Liabilities to Foreigners as Reported by Banks and Bankers In the United States
(Poiltloo at sDd of Booth la tbouianda of dollan)
"1955"
19U5
Octobar
Europe
Uolted Klogdoa.
Fraoce
/lo.aei
360, )21
195.602
fielgulB
Bovember
Deceaber
699.617
327.256
182.997
185.029
October
553, ''20
U3l*,j6o
305.782
166,263
176.1*1*2
319.659
177.786
25.921
5.53«
6.963
1*0.083
6.fao6
21*3
1*7.375
11.21*1*
6.907
•1.555
10.737
6.770
6,613
10.116
6.620
69.96I*
69.b66
75.511*
130.1*91
60.095
611.387
97,1*80
76.677
123. UU6
61*. 11*3
71,108
22.311
932
100.507
72.277
65.360
23.023
70.790
70.371
22.277
136.951*
22.31*2
22.01*1
22.059
22.613
165.511
22.932
17i*,3i*i*
22,359
22.756
178.863
21.675
269. 6U2
182.936
281,567
216.071
293.911*
176.1*59
282,182
175.002
29i».959
909
159.290
268.366
256.090
161.051
137
227.080
238.996
161.61*5
11*8,865
11*2.283
11*0.761*
215,685
135,961
U8.it97
117.881
1*7.1*81
1*5.251*
1*9.667
1*9.1*88
1*8.582
1*7,61*1*
50.202
19.073
18, 792
10.001
32,330
191.700
10.870
20.732
8.1*89
8.700
18.225
18. 896
201*. 1*1*3
196.291*
183.110
8,681
20.195
159.893
359.032
351.069
37.I65
e.l6u
71.667
359.087
16. 138
8.350
87.831
6.202
6.S8U
707. 69U
310.01*0
UU,
71*.
17'',0l6
1*5.378
291*.
31I*
175.71*8
661,071
275.207
169. 008
525.328
250.769
160.098
1*8,551*
1*9.71*5
50.361
52.087
56.793
11.907
6.505
11.179
11.871*
6.1*36
13.11*2
13.571*
6. 167
6.1*1*7
335.059
285.961
6.351*
231*,
570.
275.520
158,668
638,085
281, 606
177,023
51.909
17.008
6,812
58,131
188,885
21,576
9.291
37,117
213.959
9.218
37.355
9.222
35.363
10.029
a2.880
205.161*
19>.991
10.151
35.167
195.957
315.1*57
29.71*3
316. 216
28.1*79
323.231
332,538
lih,882
57.1*28
59.1*99
6. 31*9
7.1*29
1*3.675
1*6.398
7.675
53.563
7.257
t^.3l7
6.555
U8.38U
321.155
21*. 829
6.766
51.217
321*. Mil*
5.U111
30U.228
28.012
5.735
57,1*22
62.326
336,716
50,205
8.275
65.915
2.511.956 2.529.931 2.582.962 2.655.350 2.588.818 2.512.125
2.5O2.5II
2.393.217
2.257.136
2.551.375
2.
391.008 2.I57.II5
2.538.281
1.551.790 1,515.733 1.522.155 1.350.718 1.319,736 1.359,712
1,311.138
1.218.229
1,263.755
1.281.303
1,219.566 1,177,515
I.IO3.31I
83.937
13.571
210.631
81.135
12.693
206.827
92.623
11.910
222.011
116.589
10.700
218. 816
12I.37I
12,266
231,061
117.679
11.199
255.861
111, 510
1I7.931
11.336
223.512
63.883
77.539
6.297
60.313
72.113
6.005
55.301
69.597
6.901
59,262
6,730
62,103
75.211
6.751
53.863
67.361
6.536
51 . 221
8O.60I
5.693
120.188
139.173
152.692
163.653
169,636
167.021
175.613
160.602
158.016
6.582
110.729
6.627
122.317
7.029
119.765
6,985
137.075
7.617
135.301
7.113
125, 881
7.098
128.287
113.070
7.806
112.191
6.723
133.220
22.816
87,176
15.019
20.650
19.196
88.913
10.320
16.738
87.083
10.586
39.236
1I.106
81,260
38,793
13.730
85.371
39.113
13.609
81. 576
11.875
21.720
90.325
39.780
11.692
91. 161
I2.37I
1I5.968
11.301
156.300
19.177
152.393
50.339
160. 508
16. 060
168,637
12.328
171.189
50.916
169.367
52.151
167.339
68.666
167.625
II2 1.050.9I0 1.013. 189 1.093.952
1.077.717
1.108.072
1.151.271
1.171.351
1.226.557 1.180.728
1.180.172
RumaDia.
Spain...
Svedeo.
213. U6b
31.208
217.196
Switzerland..
28U,U20
289.966
373
5.229
UU.U62
2U.8't8
S.
9.227
2U.UU3
R...
2'*.
Yugoslavia.
Other Europe.
.
Total Europe
Canada
9.2'<0
9.313
31.712
210.11*5
Latin Aaerica
Argentina.
Bolivia
Bratll
77.188
17.879
179.157
165. 603
77,332
11,198
195.138
13.596
192,252
Chile
Colombia.
Coeta Rica.
63,557
83.078
b.631
71.111
81.508
7.079
66,281
79,186
6. 889
66,552
82, 116
5,953
115,371*
136. 161
128,293
7,329
16U.306
6.631*
7,120
116,366
.
.
Cuba
French Meet Indiee and
Oulana
Nelico
Netherlands West
Indies and SurinaD.
Paaaoa
Peru
33.598
90,161
12, 625
Venezuela
Other Latin Aaerica.
18,1*52
138,105
82.305
15.61*1
111.818
Asia
China and H&nchurla
French Indo-Chlaa..
Hong Aong
fiurffla
28.238
13.926
20,911
69.135
13,121
35,323
138,331
1*9,688
lUlt.76U
35.950
150.316
88. 721
1 . 0U6.
66.3UI*
81. 813
8.739
67.658
13,523
230.961
65.223
6.687
19.837
61.151
7.157
13. 803
581.360
27.500
22.115
582.276
26.036
27.355
756.258
28.196
30.167
737.967
31.550
31.828
732.087
37,928
31,801
717.030
37.991
36.126
695. 381
657. 015
13,551
37.755
611.921
17.221
33.238
561.812
51.956
31.117
525.332
12.936
37.866
190. 086
39.012
35.360
33.213
31.561
1.032
1.077
33.380
1.201
1.137
29.367
1.657
3.983
36.729
25,651
1,1*71
31,620
1,617
3.661
37.565
1,101
3.670
36.097
1.599
3,526
33.161
2,176
9,165
26. 275
10. 306
35.836
9.250
9.537
33.303
1.61*1*
113.726
629.175
52.177
77.959
110.013
612.797
57.275
75,119
100. 715
99.028
100.222
505,526
69,276
66.817
1*82.366
120. 1I0
1*66.899
66.067
86.336
IO3.6I5
560.211
71.998
67.369
6U.l*7l*
62.926
89.166
81. 631
128,898
I65.226
60,993
80.573
133.111
598.1*21
102.061
617. Oil
66.918
61.921
111.263
635,693
62,181
78,385
1.563,116 1. 551. 351 I.5I9.722 1.735.132 1.723.578 1.665,598
1.699.285
1.655.666
I.5I1.I21
1.187. 157
1.137. 182 1.396,119
1.359.318
987
1.158
.
.
Other oountrlea
Auetrblia
New Zealand
Egypt and AngloEgyptian Sudan.
loU.
1*1*7
103.756
615.131
659.71*8
50.1*61
17,186
72.997
83.717
37.711
35.576
3.853
3.
805
13.390
9.1*81
11.056
166. 561
58.610
80.190
29.005
3.737
30.151
1.303
28.911
1.256
29.593
I.0I1
26.078
3.963
21,323
3,765
26.612
3.811
23.830
1.795
21,366
7.528
28.665
6.129
33.615
5,196
39.9I0
5. 511
1*1.128
17.292
19.627
18.895
19.359
19,565
16,923
17.678
16.768
17,713
17.713
16.979
20.207
21.822
7.679
9.973
6,351
9.686
6.291
95.110
10,117
9.097
103,109
10,311
96.181*
100, 502
11.255
8.927
101.315
12.375
11,280
96,210
11,226
12.761
9I.52I
11.157
10,055
93,181
11.605
13.133
91.919
13,118
21,505
85.913
13.297
29.II8
61. 996
606
16U.U10
171.919
167. 31I
169.858
165.268
168.150
167.830
171,779
189.197
196.137
300.256
269.012
281.378
18,151
18,626
17,518
6,767,799 6.689,272
6.679,1*78
French Morocco
UaloD of South Africa.
All other
112. 813
9.363
8.OI8
96. 081
Total other countries.
176.971
167,576
6.1tU8
161*.
9,1*60
19.938
36.1I6
90. I92
68.116
65.352
210. 761
a9,927
16.721
17.732
18.302
21. IW*
18.772
19.216
19,935
6,952.186 6.861.1*28 6.883.068 6.993.209 6.931,118 6.927.795
6.883.102
6.654.628
6.612.010
International
Grand total
61. 630
1*7.920
and
Netherlands East Indlei
Philippine Islands..
Turkey
Other Asia
Unidentified
7.231
79.983
13.381
199. 622
"'>.205
591.685
27.523
21.731
Ceylon
British Malaya
Japan
Total Asia.
91. 768
30.990
90.732
15,901
Total Latin Aaerica... 1.097.710 1.01*5.713
India,
Sapteaber
36i*.i*53
70.977
S.
Au^lt
July
553, 759
68.669
61.980
22.853
U.
Hay
380.667
167,558
Greece
228.051
182.673
U5.166
April
630. U99
2't.327
.
March
398.293
18U,865
20.070
6.679
7.051
Netherlande.
Norway
Portugal.
Tabruary
679.0i*5
DeOBark.
rial and.
Oeraaay.
Italy
Luxeabourg.
JaDuary
17.610
17.181
6. 908.
181
5.176
Treasury Bulletin
Sb
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Simmary by Countries
-
(Continued!
Table 7.- Foreign Debit Balances (Balances Due From Foreigners) in Brokerage
Accounts as Reported by Brokers and Dealers In the United States
(P«iltloB At «nd of aoBth la ttaoaaaadt of dollars)
S7
March 1947
Capital Movements Between the United States and Foreign Countries - (Continued)
Section II
-
Suanary by Countries
-
(Continued)
Table 8.- Fbrelgn Credit Balances (Balances Due to Foreigners) In Brokerage
Accounts as Reported by Brokera and Dealers In the United States
Treasury Bulletin
ss
Capital Movements Between the United State* and Foreign Countries
Section III
-
Details for Month of October
(Continued)
1M6
Table 1.- Short-Tern Clalas on Foreigners as Reported
and Bankers in the United States
lie thouBftnds of dollars)
-
bjr
Banks
US
March 1947
Capital Movements Between the United States and Foreign Countries
Section III
-
Details for Month of October 1946
-
-
(Continued)
(Continued)
Table 2.- Short-Term Liabilities to Foreigners as Reported
by Banks and Bankers In the United States
Treasury Bulletin
90
Capital Movements Between the United States and Foreign Countries
Section III
-
Details for Month of October 1948
-
-
(Contlnuedl
(Continued)
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners as Reported
by Banks, Brokers, and Dealers in the United States
do
thouaaodt of dollmre)
March 1947
91
Position In Foreign Currencies as Reported by Banks and Bankers in the United States
Table 1.- Net Position by OountrleB
.
Treasury Bulletin
92
Position In Foreign Currencies as Reported by Banks and Bankers in the United States - (Continued)
Table 2.- Outstanding Forward Exchange Contracts
(la tbouaandi of dollars)
Currency of:
Coatractt aa of
end of south
urop«
Grand
total
(contlmied op following pa^a)
Total
Europe
United
Xlnsdom
Bel^uB
Oenoany
Italj
Netherlands
Purchase contracts
Total:
19U5-NoTemb€r
December
13,605
12,391
19,91*6
11.1*1*1*
20,190
12.781
11*. 663
11,193
12,589
iU,656
18.
15U6-Jeiiuary
Februarj
Karch
81
13,375
12.190
21,996
SM
20. "133
23,997
21,309
17,1*66
»*ay
June
2lt,17«
18.755
July
loguet
Septenber
51,390
Ul*.868
17,379
16,532
18,650
UU.U25
147,162
1*5,503
U2,l»96
1*0,258
l*0.Cl«l
37.378
31.711
37.211
2,oU3
2,267
822
950
712
2,227
1,550
1,072
1*53
1*53
1*80
1*80
313
1,302
191
5W
1,U«8
86
388
313
112
86
367
1,61*3
61*6
61*6
2.116
1,91*2
820
6U0
808
605
2,183
1,159
1,159
19,953
16.676
12,783
11,1*1*1
12.663
11,350
18,61*0
10,991
12.301
12.109
March
19,361
ii*,350
li*,3i*3
April
22,695
20,761
22,690
17,275
17,267
16,1*63
16,1*1*6
April
,
October
?roB foreign cuetomers:
igU^-HoTeaber
December
19U6-Jaiiuary
Ffebruar7
March
April
Kay
June
July
August
Septeaber
October
from doncBtlc costoaers:
igU^-Hovember
December
I9U6- January
February
»<«y
June
17.719
16.51*9
July
August
September
uj.oite
U3,56l
18,367
222
39, '38
36,738
October
110,313
30,552
Total:
1943-BoTeDber
Dftceaber
19U6- January
February
March
.
Aprl
1
KV
June
July
August
September
October
To foreign cuetoaere:
19U5-HoTember
December
igU^-January
February
March
Aprl
1
May
June
July
August
Septeaber
October
To domestic custoaers.
igUj-HoTember
December
I9U6- January
February
March
Aprl
1
Kay...
June
Julj
tOffltt
Septeober
October
1*9.71*7
1*1*
68
68
31,673
81*0
10,71*0
18,2S3
68
1*3,779
68
39,233
36,606
30,511*
Portugal
Spala
93
March 1947
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
(Continued)
Table 2.- Outstanding Forward Exchange Contracts - (Continued)
{
ia tbousbcdfl of dollar*)
OorreDcy of:
u
CoQtracta
of
eod of BODth
luTope
-
Sol tier-
land
(continued)
latin
Aaerlca
Other
forope
All
Total
lala
China and
Naadourla
Hon^
Ion«
Other
Japan
other
Ula
Purchaae coacracta
Total
19ll5-Bo»e«ber
Deceaber
5,6lB
3.71'>
19l4&-JanuaiT
''.909
febniaJ7
Karch
U.USS
3,100
tprl
3.567
1.53"
1,531
1.20"
1,20"
380
380
82"
1.531
1,531
1,997
1.325
1.626
360
380
990
389
961
627
556
663
65
65
52
1.595
986
l.Uis
379
83"
52
60
2U
1,028
1,158
1,8"9
1.33"
1,105
1,190
1,1""
616
701
533
191
»V
3,2W
992
93s
237
1,97"
1,175
18
Juna
2,691
13"
2.57l>
322
19
3, "97
2,5"*
3,179
857
1,376
1.37"
3.058
".659
2.552
2.283
3,039
2.877
190
7
17
20"
US
.20"
380
380
380
380
1
July
•ugnet
Septeaber
31
16
October
froB foreign oustoaere:
19U5-!IoTember
DeceBber
19U6-JanuaT7
February
March
,77"
703
182
675
2"1
51"
279
169
562
5?
52
2"
875
155
181
613
UUo
676
252
19
17
122
122
10"
17
903
"07
September
October
Prom doneetlc custoBara:
19U5-!IoTeBber
Deceaber
6
6
igUS-January.
5,601
3,666
1,531
1,531
988
223
328
923
1,020
9
11,909
Febmarr
1
7
April
7
U.U15
3,100
3. "62
XV
7
3,2«
938
237
6
2.691
13"
19
2. "97
557
7
16
2.5"*
3,179
10
3,05»
1,357
1,357
",6"2
Jnns
July
Ao^et
Jl
October
Sal«» contract
6
6
8,077
8,569
19U6-January
February
March
April
9
10,669
8.967
".508
Kv
8
June
July
*Q«n*t
SepteBber
October
6
30
1
7
7
31
"7
"6
25
13
To foreign custoser*:
19U5-HoTeBber
DeceBber
19U6-January
1
Hay
June
July
August
Septeaber
October
To doBeetlc custoaers:
July
Aoguit
September
October
5.2"5
",596
5,593
".750
8"0
8"0
Febmaiy
March
June
5,987
5.2"9
8,029
221
8"0
30
61
715
505
U96
1,53"
1.531
March
April
65
95"
"10
076
Ao^et
May
86"
997
July
19U5-NoTeaber
Deceober
19^ -January
February
Mareh
82"
82"
73
June
Aprl
1,733
530
556
521
»V
Total:
19115-IoTeaber
DeceBber
20
171
105
April
Septeaber
2
35
103
82"
6
52
10"
35
38
765
1,"98
1.677
1,128
1,858
1.97"
126
328
97
779
1"2
920
18
7"5
322
180
20
90"
"15
71"
1,173
1.326
65
65
100
2
272
,082
I19I1
390
685
6"«
579
"29
_1L
.
.
.
.
.
.
,
.
Treasury Bulletin
9"+
Position In Forelgrn Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward)
(In thonBaBdB of iollars)
Curraacy of;
Truuaotlona
during BCBth
total
Inropa
(ooBtlBoad on follovlBg poga)
Grand
Ohltad
Kxiropo
Total pnrobaaeai
19ii;^oTabar
Total
IlMdca
Spot
811,122
Forvard.
Ik ,823
50,087
6,169
k0,377
6,0k2
Spot
Torward,
98,936
9,527
5k,562
5,250
Spot
Porvard.
107,608
5e,15k
5,777
Spot , .
Poniard.
105,317
Marck
lol«l<i
Oanasy
32k
312
k2,821
5,250
5k6
363
908
563
582
599
3
9, ''92
66,691
6,552
k7,630
5,698
57,7kk
6,552
Spot
Ponrart.
137,076
15,833
73,868
8,960
60,552
8,9k3
7kl
777
20
April
Spot
Forward
138,2U
1,113
65k
25
Spot
Porverd,
Spot . .
Torward,
Spot
Ponrard.
129,^96
12,989
129,739
13,898
209,795
W.,812
69,819
8,536
73,0ko
8,657
67,383
8,319
lkk,571
37,888
57,369
8,k57
Maj
59,076
8,638
5k, 232
8,230
123,091
37,k03
l,k92
898
17
7
2
Spot
Porvard.
136,613
20,086
13k, 6k6
22,356
75,813
15,233
77,268
17,5k5
DaoaMbar
19^6WaBiiar7
Tebmary
Juna
.
.
, .
.
.
.
.
Jal7
.
Anguat
.
.
S«pta«l>«r
Spot
Porvard.
October
Spot . . .
Forvard.
. .
.
U,118
13,002
196
k
U
1
1,388
779
68
10
2,282
1,201
68
k9
62, U3
2,001
1,669
U3
15,216
60,72k
17,k89
2
76k
25
l.Okl
53
1,858
3
158,676
26,067
100,792
17,362
86,923
17,2k7
1,938
56,188
7,klk
62,666
29,233
5,009
30,871
3,036
2kl
102
2k8
3k7
103
Purchaaea froo banJm:
WkS-ioTOBbor
Spot
Forvard
Spot
Forvard,
6,U5
37,813
5,136
kl,lll
3,036
Spot ...
Forvard
Spot .
Forvard,
65,161
7,229
T3,l8k
7,102
39,315
2,783
52,693
k,k90
29,k90
2,T0k
kk,196
k,k90
859
588
506
1
Marcb
Spot
Forvard
95,259
10,068
20
85,799
6,21k
k3,121
5,055
33,62k
3,328
7k2
April
55,383
5,072
k5,379
3,k07
667
Spot
1,012
1
519
k
kk,850
k,l65
31,663
k,lk6
35,k05
6,580
97,96k
25,713
37,kkO
9,798
35,175
1,830
7
1,276
779
12
676
10
2,0S6
1,159
k9
l,58e
2
l,7kO
l,k85
113
66k
23
12,2ki>
3
Deeaaber
19^6-JaauaT7
Fabnary
.
. .
.
.
.
. .
Forvard,
Spot...
Forvard,
Spot
Forvard
Spot .
Forvard
Ma;
Jons
Jal7
.
Anguat
Saptaabar
October
Purehaaee
fns
73,167
7,257
81,782
10,889
15k, 151
k7,*8
6,601
U7,ka6
537
k
U
2
Spot...
Forvard
Spot
Forvard
82,573
13,566
82,326
15,099
25,713
k9,620
9,810
k8,9k8
12,299
Spot
Forvard
103,736
15,33k
72,213
12,865
59,867
12,75k
1.756
103
93k
27,93k
7,k09
36,270
3,kl2
k2,kk7
3,889
32,133
2,390
kl,8l7
5,765
52,kk2
6,788
56,329
5,732
k7,957
3,009
55,6kk
Ik, 179
5k,OkO
6,520
52,320
7,257
5k,9k0
10,733
12,27k
1,033
13,k51
2,21k
18,839
2,99k
ll.lkk
1,033
11,950
2,21k
I8,lk0
2,99k
13,5k8
2,062
17,k31
3,888
23,7k5
5,129
27,kl3
k,k92
83
210
298
16
k9
26
5k
93
.
.
30 ,633
53
ottaere:
19'>;-a«Tarhar
Daoaakar
19'»6«Janoar7
Fabrvary
March
April
Me;
Juna
Jalj
Spot ...
Forvard
Spot ...
Forvard
Spot ...
Forvard
Spot
Forward
Spot...
Forvard
Spot
Forvard
Spot...
Spot
Forward
Spot
.
.
Aaguat
Spot
Saptaabar
Spot .
Forvard
October
Spot . .
Forvard
.
.
.
13,998
2,062
I8,k85
3,888
2k,kll0
5,129
28,190
k,k92
19,k85
1,718
27,085
12,175
18,827
1,650
25,127
7k
35
101
135
21
262
119
5
U2
103
68
256
k2
68
kl9
18k
28,320
5,2k6
2k,673
5,kl8
25,5k9
5,2k5
U8
100
28,579
k,k97
27,056
k,k93
182
107
26,193
5,k23
U,690
Portugal
Italy
Spain
March 1947
95
Position In Foreign Currencies as Reported by Banks and Bankers In the United States - (Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
(IB ttouaadi tt laUMlm)
Cvrrai«j
ttfi
ZvTOf* • (oeatlmMA)
Tnumetlau
latlm
Aa»rle«
Imrlac Boatk
Otkar
AU
Total
Jay«B
Otkcr
Asia
Total farokaaoil
19li;.laToBkor
1,3K
6,053
260
Spot...,
TwnrmxA,
1,338
5,k21
2,780
Slot
TonraiA,
Spot
TorvarA.
Spot
1,8»
5,553
75
1,»*0
23,9lk
7,123
32,228
k,112
3,155
1,531
k,2k5
1,188
1,188
2,367
100
2,367
17k
33,603
5,352
3,875
8kk
">,5««
2k2
20,510
6,292
6,931
616
k3,37V
5,0J8
l,5l»
7,223
1,88k
2,209
78
5,590
635
3,0!»
5,2te
1,2U
W>,906
3,381
33,708
3,306
Spot
Torvard.
Spot
ForvarA.
2,867
21
5,371
5,502
375
9,600
753
Spot
2,877
k,95e
Sfot
romard.
Doooakor
iSk6-Jtm»ij
FoknHX7
Hank
,
. .
n
'',k97
1,U1
TorvaW.
April
Ma;
JiiM
Jalr
Auguat
Spot
Forvard.
Spot
ForvarA.
,
.
,
Ii,k52
SaptoBkor
Oetobor
6,Hk
562
3k ,6*7
3,168
6,7k8
300
6,689
1,161
5,'>70
328
3k,699
3,05k
3,768
3k7
7,893
l,kok
6,197
3*6
32,596
3,783
6,628
3,386
7,859
1,505
Wo
168
13,862
2,278
15,201
2,91k
1,999
1,178
2,681
2,333
100
16,011
3,602
k,38l
3,633
8kk
8,970
1,093
28,038
2,811
3,kl2
k,306
1,519
6,380
1,88k
27,521
2,170
13,766
2,660
20,188
2,725
19,358
2,382
19,kk3
2,371
19,515
1,753
17,222
1,638
3,693
10
Spot
ForvarA.
l>,66li
Spot .
Forvard.
2,295
. .
8,690
637
7,2ke
912
38,895
3,306
37,396
3,k68
H7
ForwaW,
k,331
537
k,9kO
2k8
k,895
Ilk
21
12
370
6,528
856
7,281
1,903
8,k22
1,920
Parobaooo Trom banlca:
19>>;.ioToBkor
Soooakor
19^6*JaBuar7
Fokmarjr
Marok
April
Naj
Juao
Julj
Aoguot
Soptoakor
October
Spot
ForvarA.
Spot .
Forward
1,222
1,275
5,273
1,832
Spot
Fonrard
1,670
75
5,276
119
Spot....
ForvarA.
Spot
ForvarA.
1,850
*,ii87
m
2,219
6,702
5*3
2,0k7
78
2,953
5,k70
532
5,195
1,069
2,727
21
5,330
293
"i,l9»
9,l>8o
563
2,k53
10
'',858
350
2,703
20
5,070
210
1,472
8
5,999
261
.
.
.
.
.
Spot
ForvarA.
Spot
Forvard.
Spot
Forward.
Spot
ForvarA.
.
.
.
.
, .
.
. .
Spot ....
ForvarA.
Spot....
ForvarA.
Spoi ....
Forward.
5,
17
3,365
301
3,70k
5,28k
3,335
k,756
k,131
79
7,57k
637
6,737
k32
6,8eo
1,563
7,977
1,6J8
6,009
1,161
7,112
962
k,723
7,161
780
1,136
1,331
l,36k
10
Purobaoos from otbors:
19'>3-IOToafcor
Spot
Forvard.
100
573
92
10,052
k,8k3
VoooiAor
Spot ....
Forvard.
83
IW
9118
17,027
1,198
Spot....
Forward.
Spot ....
Forward.
189
277
35
971
90
35
68
17,592
895
ll,5kO
328
Marok
Spot...,
ForvarA.
262
229
73
15,3kl
l,6kl
966
236
6k3
April
Spot
Forward.
Spot
Forward.
162
120
103
17,385
*7
173
17,9k2
6k6
l,2k7
2k8
1,191
Ilk
1,116
99
JaM
Spot
ForvarA.
IW
152
80
18,707
581
1,130
370
k61
3kO
Jalj
Spot
ForvarA.
1,177
120
190
17,838
886
1,173
856
kkj
262
Aaguat
Spot
Forward.
klk
9'!
212
15,20k
1,992
500
680
597
SeptoBkor
Spot....
Forvard.
1,961
October
Spot
.
Forward.
823
19^6-Jaauar7
Fokniai7
Max
l,ku
Ik
732
503
kSO
MO
118
15,18k
1,301
1,637
268
781
kk2
198
85
15,37k
1,905
3,386
698
725
1
2,125
otkar
.
Treasury Bulletin
9fc
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
Table &o- F^chases and Sales of For^ic!^ £ change l^pct
(Is UuimXi sf ««lUn)
Trtta«««tl«u
ImriMt BHltk
(Continued)
i^nsard) - (Ccr (Inued)
«a&i
Car*mo7
-
ofi
X»Xm1
Traae*
19^VI«THik«r
BfmX
0«oiak«r
y*>r«U7
lUrsk
Arrll
Ma;
Juna
Jalj
Augaat
8ayt««b«r
Octobor
Sales to bonkB:
19l>$-l«T«akar
]>«o«aWr
19k6-Jaaaar7
Fabniarr
Harok
April
»V
Sfat ....
TozvarA.
Sy*t
T«rvar4.
Syet ....
FervarA,
e>et....
Torvmit,
8^t ....
rarvart.
Sfot....
Forward.
8>ot,...
Tarvar*.
Syot ....
rorvart.
Aoguat
Saptaakor
Ootokar
595
867
583
k9
575
50k
6k, 681
517
k
872
373
335
12,800
68,a9k
Ik, 958
66,797
12,lkl
75,3k0
10,883
68,9k3
18,180
107,10k
65,77k
55,683
18,800
598
19,89l>
55,378
Ik ,937
739
81
86*
863
358
5k, 899
18,019
61,12'
10,077
56,k71
1,U8
789
2
680
86
155
1,119
16
617
1,738
18
1,008
Ik
1,398
677
12
185
1,603
356
2,802
1,073
52
38*
1,806
393
17
3k
8,006
1,588
Uk
899
957
1,878
889
k
37
110
36
318
3,030
38
1,5*8
Spot ....
Forvard.
158,390
33,173
S^t....
33,138
8,010
17,885
5,8k8
3l',k99
18,988
5,112
19,137
3,980
ak,50k
6,110
87.158
8,k70
8li,87*
133,078
86, 815
8,859
37,088
6,880
36,936
7,919
58,859
13,510
8
k
9
l,k89
3*7
370
U,856
87,398
6k, 38k
61,986
18,991
65,960
6k
1
3k3
63
29k
80, U8
6
8k,k93
23,582
1,793
105
1,071
15,208
5,2kO
75
77
136
k33
15,551
k,780
890
75
313
520
17k
17
87
888
329
106
271
1
67
829
88,997
8,k51
177
850
5
590
215
**7
179
1,*T3
8k9
681
888
16,195
3,877
21,672
88
k
6,U0
Spot
Fanrari.
56,615
10,819
89,5*5
7,161
85, •88
Spot
58,157
31,5k8
7,812
30,367
6,875
k6,329
25,203
37,870
12,231
kl,lk9
lk,9»7
26,k53
7,080
86,585
6,011
kO,773
2k, 781
31,k9k
18,811
*38
k8k
2*6
165
135
*75
191
601
300
33
kO
210
sn
k62
1
97
16
930
80
688
33,361
Ik, 955
k53
305
13
19
8,763
32
89
50,k22
15,01k
k5,38l
lk,676
k53
890
5
k7
78k
31,778
3,8k3
25,ttk
3,718
85,6kl
8,k89
868
135
1*5
886
889
6k
kl6
12k
3O8
87,123
9,17k
785
566
8
88
kl
3k7
175
on
k98
2k6
k
871
306
106
9,3i>9
Spot....
53,182
8,919
68,826
Fomari.
Jal;
516
96,862
1*7, 5W
83,69?
130,055
19,599
12k, 190
16,965
123,888
83,010
159,080
75,915
128,836
roraazd..
Jma
6k2
615
kl
51,857
7,96k
53,8k7
13,15k
l»,3'ie
75,863
19,078
81,887
80,195
98,8k6
8k, 877
forvard.
Syot....
TorvarA.
Spot....
ForvarA.
8>ot ....
Torvari.
Spot ....
FarvarA.
55a
12k
6k
SpalB
96,696
83,788
9fX
.
lk8
36k
PertMaJ.
kl,192
7,809
k3,3l8
13,051
e5,l>33
. .
818
IteU
kO,k38
8,958
83,516
17,775
r«rv«rt.
8T<t
TorvarA.
3*3
0«z«aa7
k9,663
9,091
rorwaW.
19k6Wu«ai7
S«l«im
Spot
Foraari.
Spot ....
Foraari.
Spot
Farvart.
88,lii9
58,685
Ik, 639
64,785
18,001
Spot ....
Forvard.
75,619
Spot....
Fanrazd.
Spot ....
50,38k
9,765
50,93*
11,081
59,608
17,568
61,986
17,7'H>
7,060
5
7
138
12
8
Salae to otkera:
19'>;-*OT<^kar
Saoiakar
FanarA.
19k6^aBlMr7
Tokruary
Naroh
April
Ha7
Jt^
Spot....
FozvarA.
Spot ....
ForvavA.
Spot ....
ForrarA.
Spot
FarvarA.
Spat
TorvarA.
Spot
FarvarA.
Spot....
FarvarA.
Spot ....
ForvarA.
75,889
10,185
73,k»0
9,380
78,033
7,616
70,oko
Ik ,091
90,19k
k7,766
70,811
10,835
68,353
8,81k
Spot....
Forvard.
76,771
I5,ka9
Spot
Fonaii.
Jalr
A^aat
Saptoaikar
Octobar
U,375
38,935
8,858
3k, 110
9,17k
kO,117
6,090
k0,936
6,k88
3k,
6,090
38,375
6,k86
37,858
k,9ao
k3,798
89,871
k,959
3,0U
38,593
6,8k7
kO,138
5,808
8,997
29,886
5,8k5
k6,685
39,663
30,k3a
6,780
32,599
5,163
k8,k2k
9,863
39,112
8,906
38,576
5,8k5
60,775
kO,571
3k, 670
209
75
562
k79
81
859
873
lk3
671
9
1,051
501
86
155
865
98
695
13
612
387
lk2
1,158
512
12
50
1,128
165
2
U
T73
3k
19
28k
876
183
10
1,135
1,180
17
883
319
211
l,k85
6
58k
k
8k
91
267
805
l,3ko
103
781
31
271
76k
130
1,601
U
51
(Contlnuad on follovlog pa6*)
March 194
^7
Position In Foreign Currencies as Reported by Banks and Bankers In the United States
-
(Continued)
Table 3.- Purchases and Sales of Foreign Exchange (Spot and Forward) - (Continued)
Treas.
U.S. Treasury Dept.
HJ
V
f
10
.A2
1947
C.2
Treasury Bulletin
^
t.
f
1
0031951
@FedFRASER