Full text of Treasury Bulletin : March 1953
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LIBRARY c^ W»RM^ m ^ fvBf^^^ jra«a %^ LIBRARY ROOM 5030 ^ J UN ?,3 1972 TREASURY DEPARTMENT MRRCH-ia53 LIBRARY ROOW APR 5013 1SS3 IREASURY DEPARTMtNl UNITED STATES TREflSURV DEPRRTMENT OFFICE DF THE SECRETRRV Siaivh I9i) Table of Contents Page Treasury financing operations A-1 Summary of Federal fiscal operations 1 Budget receipts and expenditures 2 Trust account and other transactions S Treasury cash Income and outgo 12 General Fund of the Treasury 15 Debt outstanding l6 Statutory debt limitation 21 Debt operations 22 United States savings bonds 27 Treasury savings notes 33 Ownership of Federal securities 3^ Treasury survey of ownership of Federal securities.. 3^ Treasury survey - commercial bank ownership of Federal securities ^0 Market quotations ^^ Yields of Treasury sind corporate bonds i/Internal revenue collections 4^ 5'^ Monetary statistics ^^ Capital movements 5^ Cumulative table of contents 71 Note: In those tables In which figures have been rounded to a specified unit, all calculations (including percentages) have been made from unrounded figures. Consequently the details may not check to the totals shown. A-l March I97J Treasury Financing (H>eratlon8 Treasury Bonds Callable on June I5, 1953 On February I3, 1953. the Secretary of the Treasury announced that the outstanding 2 percent Treasury bonds of 1953-55. dated October 7, iglJO, due June I5, 1955. ^^^ called for redemption on June 15, 1953. callable on June I5, 1953, the announcement stated, are not called for redemption on that date. These are the two Issues of 2 percent Treasury bonds of 1952-5'*, the 2 percent Treasury bonds of 1951-55. and the 2-1/1^ percent Treasury bonds of 1952-55> He stated that the bonds of this Issue are being called at this time because of their partially tax-exempt attributes. He further stated that holders of the called bonds may, In advance of Treasury Bills Refun ded A total of $5.4 billion of Treasury bills the redemption date, be offered the privilege of ex- matured In February and they were refunded changing all or any part of their called bonds for other interest-bearing obligations of Vne United States, equivalent total and weekly amounts. In which event public notloe given. will hereafter be The bonds are outstanding In the amount of $725 million. Four other Issues of Treasury bonds also Note: Details of Treasury market flnajiclng operations are shovn elsevhere In this Issue of the "Treasury Bulletin", In the tables on "Offerings" and "Dis- In The offerings 5, 19, and 26 were for II.3 billion each and the offering on February I3 was for $1.5 billion. The average rates of discount on the new on February Issues were 2.03I percent for February 5, 1.993 percent for February I3, 1.977 percent for February 19, and 2.070 percent for February 26. position", respectively, of marketable Issues of bonds, notes, and certificates of Indebtedness, and In the table "Offerings of Treasury Bills" March 195) SUMMARY OF FEDERAL FISCAL OPERATIOMS (In mllllonfl of dollare) Lerelfl, aaneral Pund balance Wlta XSkh 12,696 22,202 1*3,892 igitj l*l*,762 19W 1*0,027 v=iki 1*0,01*3 19U8 V}k9 1950 1951 1958 1953 (Eat,). 1954 (Est.). Calepdar yeaxo; 3lt,l87 79,622 95,315 98,703 60,703 39,289 33,791 1*2,211 38,21*6 37,01*5 1*0,057 1*0,167 1*8,11*3 Wt,633 62,129 66,11*5 68,697 68,665 78,587 7l*,593 -21,1*90 -57,1*20 -51,1*23 -53,91*1 23,1*61 64,271* 751* -1,103 8,1*19 -291* -1,811 -3,122 3,510 -*,ei7 -1*95 -5,896 -9,922 97,181 87,522 -55,691 -53,650 -1*3,591* 191*6. 38,810 1*1,322 -2,512 191*7 1*1,010 2,1*31* 1*1,1*50 38,576 36,209 19*9. 38,122 •1,711* -3,592 1950., 1951.. 1952.. 37,831* 53,1*88 38,255 -1*22 56,81*6 -3,358 -350 -229 -502 311 815 65,523 71,366 -5,81*2 -1*1 1*,257 3,2U 8,112 2,626 1*,058 l*,007 Ha; Juoe 3,11*6 7,089 3,808 108,170 165,877 230,630 9,900 '>3,531 1*3,928 Harah..., April..., 1*3 '*,795 -5 -1*1,1*61 l*,l*l*8 263,900 273,800 25 57,751 Pdbniflry. 6,000 6,000 108 26 90,171* 1951-Jonnary., -969 -1*01 16,290 5,21*1 27 20 29 46 -211* 3l*,l*83 19>»8. 5,517 7,357 6,969 258,286 252,292 252,770 257,357 255,222 259,105 11*7 19lt2. 19^5. 3,308 4,932 478 4,587 -2,135 3,883 -10,930 1,624 -1,462 2,047 1,839 -388 99 679 1943. 19W. 72,422 136,696 201,003 258,682 269,422 -5,991* 1*83 -1,788 -266 -1,161 -123 -1,386 50,232 57,707 64,753 6,983 1,751 3,1*70 362 -18,966 3,767 -22,502 10,543 12,294 22,236 26,003 3,502 -21*0 -2,249 -4,100 -405 1,111 3,097 4,208 1*,331 1*71 1*,679 -423 -447 62 1,770 4,232 4,295 6,064 221 929 3,187 -1,614 -1,173 1,571* 4,454 5,382 8,569 6,955 5,782 7,357 254,727 255,093 255,222 1*7,494 199 23I* 87 -106 -319 Guaranteed aeourltles 2,991 9,507 20,169 24,698 14,238 -11,136 555 -507 366 Debt outstanding Public debt 358 6,515 10,662 4,529 -10,460 64,307 57,679 10,740 -20,676 end of period 2,711 7,973 61*0 -83 21*7 1,01*7 227 l*,05l* -31* '1,517 -1,381 -1,370 -69 136 -161 111 106 -30I* 5,969 1,U9 281* 1*3 -270 366 129 -583 -184 -944 9,91*2 278,U5 259,149 256,900 252,800 257,130 256,708 259,1*19 4,568 4,100 1,623 1*33 1*76 90 73 68 1*,301 230 1,514 567 339 81 55 30 24 4S It, Total Federal securities 76,991 140,796 202,626 259,115 269,898 258,376 252,366 252,798 257,377 255,251 259,151 263,968 273,843 112,471 170,108 232,144 278,682 259,487 256,981 252,854 257,160 256,731 259,1*61 267,391 51* 267,445 256,125 18 18 21 21 29 29 256,143 255,958 255,018 254,748 255,122 255,251 28 255.685 256,677 257,386 255,91*1 25l*,997 July.. Augnst Septonber 2,571 l*,739 -2,168 11 -11* 1*35 3,591* 6,209 5,087 5,163 -1,1*93 1,01*6 83 37 -103 30 988 709 -1,737 -525 1,822 October. RoTonber Dec€Bber< 2,635 3,521 5,279 5,W3 5,620 5,095 6,916 255,657 256,644 257,353 -2,81*7 5,178 5,627 -1,658 -55 82 196 -86 20 945 1,306 -186 -2,042 -250 -329 1*,874 4,624 4,295 258,298 259,604 259,419 42 258,336 259,647 259,461 1952 -January., Fabruary, Maroh..., AprU..., May Jane July.. -31*7 37 1*3 '»,953 5,1*55 -501 -371* 5,553 9,886 5,105 1*48 5,701* 4,182 186 106 -21*5 357 587 -2,278 -415 1,196 1,765 3,879 5,075 6,840 259,775 260,362 258,084 38 37 41 6,016 5,659 6,930 259,813 260,399 258,124 -1,693 -1,850 2,865 -291 357 -192 329 -91 -326 209 1,613 -800 -1,1*1*7 5,393 5,421 6,969 258,292 259,905 259,105 44 1,51*8 46 258,337 259,951 259,151 -17 77 39 40 't,323 3,809 9,796 3,316 6,71*2 -3,1*26 Aogufit... 1*,050 Saptgaber 6,585 5,018 6,070 -968 515 1*22 -3,283 -1,009 -1,121 -252 201 -265 October.. NoTOBber. 3,099 1*,151 6,383 5,161 Deoojiber. 6,003 7,121* 1953-January. February 7 32 33 5,061 5,1*79 5,737 5,595 -676 -U6 -111 272 103 -25 28 1*5 1*32 3,968 -195 -229 113 -504 957 -973 204 7,925 6,952 7,156 263,073 263,186 262,682 316 2,238 2,513 -41 -981 1,461 -1,572 6,175 7,636 6,064 264,919 267,432 267,391 1*5 -376 335 5,689 6,024 267,402 267,984 48 -21*3 -11*5 1*01 11 -2 182 31* 51 51* 50 263,107 263,225 262,722 264,964 267,483 267,445 267,450 267,634 Source! 1/ 2/ Actual flguroa traa Dally Treaaury Statensnt; eatlnatea based on I95I' Budget dooument, rslaased January 9, 1953. More detailed Information with respect to the figures In this table Is glTan in suooeedlng tables, Gross receipts lees appropriations to the Federal Old-Age and SurrlTors Insurance Trust Fund and refunds of receipts. Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 111* ( f ) of the Economic Cooperation Act of 1948 ll^h^ %^^\' "'"folWated with budget eipendltures. Beginning year 1950, Investments of wholly owned GoTemSnT^ !^^^^,"=°f colorations In public debt securities are eicluded from budget sipandlturos, and Included with other such InTestaenta undeT'Trust account and 3/ y other transaotlons" Excess of receipts, or eipendltures (-) For outstanding checks snd Interest coupons, and telegraphic reports tr<m Federal Beservre Banks; eicess of receipts, or expenditures ("! Treasury Bulletin .BUIGET KECEIPl'S MB fSPENDITURES. Table 1.- Receipts by Principal Sources (In millions of dollars) March i95J -BUDGET RECEIPTS AND EXPENDITURES Table 3.- Expenditures for National Defense and Related Activities (In mlllionfl of dollars) FiBcal year or month Air Force Arnry Navy lit/ 19lt5 90,501 19lt6 lt8,870 191*7 19lt8 16, 812 11,500 12,158 19lt9 1950 1951 1952 12,3116 1953 (Sat.).... 195lt (Est.).... ltlt,Wt7 50,337 27,800 6,911 30, OUT 6,0lt6 lt,171 1,986 270 5,ltl7 lt,ltl2 10 lt,058 It, 110 5,757 9,961 1 3 15,161 It, 998 661t 106 1,501 ltlt2 268 325 11 99 6,305 It. 117 25 98 299 71 7 It39 225 # 2 656 8U7 lt35 55lt kk It6,lt30 1,508 981 1,560 966 805 961 83 30 92 103 ItO l,lt68 916 857 December.. 1,211 1,052 1,386 1,301 lt,08l l,55lt 3,632 1,285 25,600 8,615 1953 to date... lilt 69lt 271 277 136 1,227 820 3,723 3,302 . 3,227 1,070 900 Nor amber.. 1953 -January . other 20/ 10,900 12,000 l,OltO . Strategic and critical materials 12/ 15,865 15,200 1,297 Octobeir. 328 138 Surplus property disposal 15,385 17,510 , 3,881t . lt72 United States Maritime Comnleslon 18/ 6,867 15,370 12/ W 2,971 It, 008 . Bee cou true tlon Finance Corporation 11/ 3,506 6,238 12,350 ja/ 19,955 39,033 1952-July August . September. 1,690 Paymonte under Armed Forces Leave Act l,3ltlt 1 503 52 lt2 l,03lt 86 57 69 1,211 1,020 76 ItO 9,583 6,559 566 278 See Table 2. Footnotes at end of Table 5. SoiiTce: Table 4.- Expenditures for International Finance and Aid (In mllllonB of dollars) 36 38 Treasury Bulletin .BUDGET RECEIPTS AND EXPENDITURES, Table 5.- "Other** Expenditures (In millloiiB of dollars) Fiscal year or month Agriculture 28/ Cacmerce 22/ Housing and hcBiis finance 32/ Postal deficit Public vorkB 21/ Rec ona true t Icn, Finance Corporatloa 32/ Social security progrsn 32/ At/Tm1c Energy Ccnmleslon March m> -BUDGET EECEIPTS AND KXPENDITURES Table 6.- Summary of Budget Results by Months and Years Treasury Bulletin -BUDGFT RECEIPTS AND EXPENDITURES. Table 7.- Social Security Act - Budget Receipts and Expenditures (Id allllana of dollja.s) March mj . BUDGET RECEIPTS AND EXPEJTDITUEES Table 8.- Railroad Retirement Act - . Budget Receipts and Expenditures (In BlUloiu of dollars) .., ) , Treasury Bulletin .TEUST ACCOUNT AND OTHER TRANSACTIONS. Table 1.- Summary of Trust Account and Other Transactions (In millions of dollars) Fiscal year or month Set of trust account and other transactions l/ 19l»5 19''6 19l>7 Trust acoountfi, eto. Net InTestments of Net receipts, or expenditures (-} 791 7,51*1* -52lt 3,238 2,619 2,658 1,890 -1,103 19I18 -29!t 191*9 -495 1950 1951 1952 99 679 1953 (Estimated) 195'> (Estimated) 1952 -Jul7 August September., Expenditures ( other than net InTestmants Bacelpts 7,086 7,712 6,2Wi 6,515 i/ Net redemptions , or sales ( of securities of Government agencies In the market 2/ Guaranteed 5,200 3,668 3,362 3,060 2,311 -1*58 3,625 3,857 3,82U i/ 6,950 Not guaranteed 1,276 160 387 16 -123 l>6 28 3,557 3,636 -10 -16 -371* 277 -66 -28 6,669 7,796 8,807 107 27 3,51*3 ,0Sh 5,51*1 3,1*1*6 -22 13 3,259 ,51*7 6,287 3,3W* 25 -137 -17 77 266 308 397 11 -37 -66 1*22 738 959 U27 1*73 U03 500 -252 -1S6 1*01 21 . 201 975 Wl -265 608 131 -5 -6 . 71*7 587 367 617 31*9 -3 50 -68 50 -111 -10 286 296 130 6 -35 11*7 1953 -January Actual figures from Dally Treasury Statemant; estimates based on 1951* Budget document, released January 9, 1953. Excess of receipts, or expenditures (-). Consists of transactions which clear through accounts of the Treasurer of the United States, except as noted In footnote 1*. -1*02 3,91*5 It, 952 556 11* ^J 88 -5 -1 -73 Source: y 31* Excludes Foreign Economic CooperatlOQ Trust Fund (aee page 1). Beginning 1952, net transactions In Federal Intomedlate Credit Bank Isaues are Included even though certain of these transactions do not clear through the accounta of the Treasurer of the Tilted States. Table 2.- Trust Account Receipts (In mlLllonfl of dollars) Federal Old -Age and Survivors Insurance Trust Fxmd Fiscal year or month 191*5 191*6 7,036 7,712 191*7 6,21*1. Railroad Retirement Account UoenrploTiDent Trust Fund National Service Life Insurance Fund GoTemment GoTcmmsnt Other trust Life Insuraaoe employees * retirement funds 1/ 2/ Fund funde and accounts 1,038 1,666 l,'*3l* 32!( 1,508 1,280 1,289 1,313 1,173 2,127 2,351 103 en 1,501* 131* 578 792 71*0 90 92 591* 1,171* 680 529 87 86 87 809 850 912 1*03 86 81* 970 1,080 63U 631 97 557 I9U8 6,515 2/ 1,386 1,623 1,807 191*9 5,711* 1,921* 312 323 797 625 1950 1951 1952 6,669 7,796 8,807 2,367 61*5 1,281 1,076 3,1*11 678 850 1,51*2 1,61*3 681. 1953 (Eatlmatod) 1951* (Estimated) 9,081* ,1*35 773 9,51*7 ,780 791* 1,553 1,596 631 582 738 959 181* 1*9 55 53 3 363 1*39 86 3 31* 2lt9 51* 328 19 1*1 1*27 1 36 31 28 29 . llOl 31* 1*1 975 222 538 1. . . 71*7 1953 -January... 286 1952 -July August September.. October.. November. December. 3,932 690 786 W 51*5 13 1.8 to 36 37 2 31* 17 Ii69 263 112 2 39 29 U8 ll* 28 1*1 1. W. 37 iy' , 597 85 59 Source t See Table 1. 1/ Consists of Civil Service and Foreign Service Betlremant funds. 2/ Includes Adjusted Service Certificate Fund, District of Columbia, Indian tribal funds. Island possessions, Increment resulting from reduction In the weight of the gold dollar, and through June 1950 } public debt securities 2/ U,1.7li 5,711* In -281 3,852 3,855 Oc tober .... November. December. 1/ 2/ Govemnent agenolee seigniorage on silver under the Silver Purchase Act of 1931*. Thereafter such eelgnlorage Is Included vlth other seigniorage under budget receipts. Excludes Foreign Economic Cooperation Trust Fund (see page 1). March mj .TRUST ACCOUNT AND 0THE3? TRANSACTIONS. Table 3.- Trust Account Expenditures Other Thap Net Investments (In mllllaiis of dollars j oogatlra figures are azoees of oredlta) Tedaral Oil -Age and SurrlTora Inauranoe Trust Pund FlBoal 7ear or aonth -458 191*5 19'>6 267 358 I*, 1*71. 1*66 Ballroad Batireaeat Account 301* 3,91*5 l*,952 1,569 2,067 321 391 1953 (Eatlaated) 5,51*1 6,287 2,651 3,169 1.66 (Egtlnated) -73 179 169 208 39 38 37 587 367 617 221 220 262 38 38 39 296 230 39 1951* 1952 -Jul; Auguot Saptanber 1*73 556 , Oo tot)er .... Horaaber. Deoeobar. . . 1953 -January .... 1.82 -1,669 647 372 367 414 2,988 Ul* 6ll* 1,01*9 996 77 82 268 271 300 370 387 413 -194 -346 5/ 926 977 705 629 82 82 367 384 704 670 -360 -106 27 26 28 71 24 18 -8 129 -490 l,31lt 78I* 428 2,026 900 278 6,950 559 661 i/i/ Deposit fund accounts (net) i/ 21*1* 128 280 282 302 1950 1951 1952 y other trust funds and acoounta 70 61 869 859 3,821* aaplojees * retlraaent funds 1/ 31*8 1,11*6 3,625 3,857 OoTemaent Life Insurance Fund 151 267 71 152 173 222 19119 Goremaent 25 50 67 11*1 191*8 19*7 national Sarrlce Life Insurance Fund aent Trust Fund 323 222 1,574 1,073 1,234 526 4/ 96 92 64 U6 1*8 71 1*9 9 6 6 54 1*9 6 31 1*9 1*1 77 1*8 5 5 30 31 23 14 41 166 -31 114 100 1*3 6 30 41 -192 Source I See Table 1. 1/ Conslata of ClTll Serrioe and Foreign Serrlca B.tlreaent funds 2/ Incliiles Adjusted Sarrlce Cartlfloate Fund, Dlatrlot of Coluabla, Indian tribal funds, expenditures chargeable against Incranent on gold, and beginning 1950, Mutual Defense Assistance Trust Fund. i/ \J 5/ Excludes net inreatiMnts In public debt securities beginning 1951 (see Table 4, footnotea 3 end 4). Zxcltties Foreign Econoolo Cooperation Trust Fund (see page 1). Includes transactions by the Air Force and the Anay beginning 1952. Table 4.- Net Investments of Government Agencies in Public Debt Securities (In Billlana of dollars) nagatlre figures are excess of redemptions) 1/ Treasury Bulletin 10 .TRUST ACCOUMT AND OTHER TRAHSACTIOUS. Table 5.- Federal Old-Age and Survivors Insurance Trust Fund -^ (In Billlans of dollars) 11 March 195) .TRUST ACCOUNT AND OTHER TRAHSACTIONS- Table 7.- Unemployment Trust Fund (In ULllllona of dollars) Treasury Bulletin 12 .TREASURy CASH INCOME AND OUTCO. Table 1.- Sunmary of Cash Transactions March 195} 13 .TREASURY CASH INCOME AND OUTOO. Table 3.- Derivation of Cash Budget Expenditures 11^ Treasury Bulletin .TRKASUBY CASH INCOME AND OOTGO. Table 5.- Derivation of Cash Borrowing or Repayment of Borrowing (In millions of dollars) 15 March 195) -GENERAL FUND OF THE TREASURY- Table 1.- Status of the General Fund (In Billllons of dollars) Aaseta Bullion, colli, and currency of fiscal year or month I^"'^ Deposits In Federal Beserre Banks Ayallable funds 1945 1946 1947 1948 1949 25, U9 14,708 3,730 5,370 3,862 150 160 1,023 1,073 1,022 219 1950 1951 1952 5,927 7,871 7,481 1,052 1,046 1,009 191 176 194 950 338 1951 -Deo a]>«r. 4,816 1,033 1952 -July August. September 8,520 7,439 7,557 1,010 1,004 1,001 October. Ncnr ember December. 6,743 8,155 6,582 6,278 . 1953 -January . In process of collection I>eposlta In special depositaries 1/ Uabllltlea Balance In the General Fund 22,622 12,993 962 1,773 1,771 289 305 310 283 309 421 470 422 438 392 24,698 14,238 3,308 4,932 3,470 333 3,268 5,680 5,106 323 250 355 380 484 410 514 512 5,517 7,357 6,969 173 321 146 2,693 449 521 4,295 181 175 179 638 496 508 184 6,027 5,190 5,217 479 468 491 594 487 401 7,925 6,952 7,156 1,006 999 1,007 163 162 160 770 396 389 174 103 485 511 176 4,145 5,984 4,368 483 568 519 518 6,175 7,636 6,064 1,002 194 811 350 3,318 603 589 558 243 232 191 1,500 1,006 1,202 1,928 438 123 103 143 106 161 Source: Dally Treasury Statement. 1/ On account of withheld taxes and sales of GoTernment securities. Table 2.- General Fund Balance by Months (End of month, in millions of dollars) Year other deposits and oolleotlons .. . - . . Treasury Bulletin i6 .DEBT OUTSTANDING. Table 1.- Summary of Federal Securities (In mlllloos of dollars) Total outatimrtlng Sai of fiscal year or aonth POUo Guaran* t«ed aecarltles PaUlo debt y 259,U5 258,682 1*33 269,1122 1*76 258,286 252,292 252,770 90 19'>9 269,898 258,376 252,366 252,798 1950 1951 1952 257,377 255,251 259,151 257,357 255,222 259,105 20 29 1953 (Est.)... WS"* (1st.)... 263,968 19''5 19lt6 19*7 19I18 Debt peak 273,81.3 Hattirod dsbt emd debt bearing no Interoat Intarest-bearlAg dalit 256,766 268,578 255,197 250,132 250,785 256,357 250,762 1*6 255,226 252,879 256,907 263,900 273,800 68 a. a. 43 73 27 Guaran- Publlo debt teed securities 1/ International Bank 2/ 409 467 69 24 2,350 1,321 3,179 2,234 2,012 2,326 1,311 3,173 2,229 2,009 269 376 231 280 245 255,209 252,852 256,863 17 27 44 2,150 2,372 2,244 2,148 2,370 2,242 265 512 419 n.a. n.a. n.a. n.a. n.a. n.a. n.a. 268, lU 255,113 250,063 83 n.a. n.a. 416 66 41 Monetary Fund 2/ 1,724 1,161 1,063 Other 1/ 2,057 935 802 722 660 613 575 1,270 1,283 1,274 n.a. n.a. 550 n.a. n.a. I Feb. 19lt6... 279,764 279,211» 551 278,451 277,912 539 1,313 1,301 238 1951-Deoa«ber. 259, Wl 259,1*19 42 257,111 257,070 40 2,350 2,348 492 1,296 560 1952 -Julj August, .. Septeaber 263,107 263,225 262,722 263,073 263,186 262,682 34 39 40 260,940 261,098 260,615 260,908 261,060 260,577 33 2,166 2,127 2,106 2,165 2,125 2,105 331 319 300 1,288 1,263 1,263 546 544 542 Ootober. Horenber. Deoenber. 264,961* 267,1*83 267,Uli5 264,919 267,1*32 45 51 54 262,864 265,394 265,346 262,820 265,345 265,293 49 267,391 53 2,100 2,089 2,100 2,099 2,087 2,098 297 286 304 1,263 1,263 1,258 539 539 536 1953 -January.. 267,1150 267,1*02 48 265,370 265,323 47 2,080 2,079 286 1,258 535 38 39 43 Source I Actual figures from Dally Treaaury Statement; estimates based on 1954 Budget document, released January 9, 1953. 1,063 Footnotes at end of Table 2. Table 2.- Net Change in Federal Securities (Increase, or decrease (-), In millions of dollars) Total outstanding Fiscal year or Bonth Public debt teed securities Publlo debt 1/ 1945 1946 1947 1948 1949 56,489 10,783 -11,523 -6,010 432 57,679 10,740 -11,136 -5,994 478 -1,190 1950 1951 1952 4,579 -2,126 3,900 4,587 -2,135 3,883 1953 (Est.)... 1954 (Est.)... 4,817 9,875 4,795 9,900 -25 1952-July August. September 3,956 118 3,968 -11 113 -504 5 1 October. Horember December. 2,243 2,519 -38 2,238 2,513 5 6 2,249 2,530 -41 3 11 -6 . . 1953 -January.. 1/ 2/ -503 Matured debt and debt bearing no Interest Interest-bearing debt Guaran- Guaranteed International Bank 2/ -383 -14 -45 782 -1,029 1,858 -946 -221 866 -1,014 1,862 -944 -220 68 108 -145 49 -35 4,448 -2,358 4,011 -7 10 17 138 222 -128 139 222 -128 20 247 4,045 -12 152 -484 1 -77 -39 -21 -78 -39 -20 -88 -12 -19 -6 -12 11 -11 -19 -18 -1,107 58 653 56,813 11,754 -12,997 -5,050 698 -8 10 16 4,441 -2,347 4,028 22 n.a. n.a. 43 -387 -16 -46 55,707 11,812 -13,381 -5,065 4,034 157 -483 Public debt eecurl ties 1/ 5 5 -49 2,244 2,525 -52 3 -6 -12 11 24 30 -6 -19 Exoludes guaranteed eecurltlee held by the Treasury. The Interest-bearing debt shovn here consists of F. E. A. debentiires wni^ c. C. C. demand obligations; details by Issues appeared In the "Treasury Bulletin" for August 19^1 And In previous Issues; cxzrrently the amounts outstanding are shown each month In the "Treasury Sxarvey of Ownership" , Tables 3 and k . Special notes of the United States Issued to the International Banlc and the International Monetary Fund In payment of part of the United States subscriptions to these Inatltutions, pursuant to provisions of the Bretton Woods 6 ^ -93 Monetary Fund 2/ Other 1/ -1,122 4l6 1,724 -350 -25 -563 -98 -41 207 13 -9 -133 -80 -62 '^1 -38 -26 14 -25 -4 18 -5 AgreeoDonts Aot. The notes bear no Interest, are nonnegotlable, and are payable on demand Includes savings stamps, excess profits tax refund bonds, and currency Items. For current-month details, see "Statutory Debt Limitation", Table 2. • Less than $500,CX)0. n.a. Hot available. March m) 17 -DEBT OUTSTAHDHG. Table 3.- Interest-Bearing Public Debt (In Billions of dollara) ' .,,. Treasury Bulletin IS .DEHT OOTSTANDIUG. Table 5.- Special Issues to United States Government Investment Accounts (In milllona of dollara) Federad Deposit Insurance CorporatlOQ End of fiscal year or moatb 19l»5. Federal loan banks Federal Old-Age and Surr Ivors Insurance Trust Fund 2,1*11* 6,616 7,266 5,191 2,863 7,71*5 1,279 5,170 632 2,630 7,629 1,300 5,192 5,178 5,177 522 522 522 2,871* 7,710 10 2,925 11* 2,91*2 7,921* 7,881* 1,291 1,285 1,285 5,161* 5,161* 5,161* 522 522 520 2,917 2,960 2,980 7,878 3,089 8,123 21 2U 17 1,282 5,151* 512 2,956 8,038 U 6,1*7"* 7,709 9,003 71* 95 2,823 3,270 1,286 1,318 6,935 7,288 79 86 79 3,817 5,31*2 5,011* 1,292 1,300 1,300 12,791 79 1*,756 11*, 01*7 5,3''l* 5,359 5,363 1,291* ll*,222 52 52 53 1*6 11*, 292 53 81*1* 51 11*, 1*29 5"* 851* 1*1* l'*,73'* 56 5,363 5,366 5,370 912 51 ll*,7l*6 56 5,378 1951-I>e<:em1>er, 35,902 862 52 37,91*5 81*0 51* 38,307 38,360 81*0 11*, 11*8 81*0 51 50 38,390 38,788 39,150 81*3 39,097 1953 -January... 2,058 1,251* 11*, 01*7 . 7,31*0 1,802 706 552 2,1*60 50 . 7,500 1,720 62 37,739 October. NoTember. Decenber 1,371* 12 30 11 7 7,101* 119 77 . 11* 6,699 782 1,628 1,912 1,952 37 U7 12,096 Other 2/ 6,71*7 1*61* 5,21*0 666 Unemployment Trust Fund 501 657 806 3,187 51*9 Eallroad Retirement Account tion 681* 808 868 888 1952 -Julj August. . September. Postal Savings System 1/ 589 32,356 3"*, 653 Insurance Fund 1,868 2,177 1950. 1951. 1952. 19'*9. Ufe National Service Life Insuranoe Fund 1*9 10,1*18 191*8. funds aovemment 37 97 120 U08 191*7. Govemjoent employees retirement 5,308 5,910 18,812 22,332 27,366 30,211 32,776 191*6. Federal Savings and Loan Insurance Corpora- Source I Dally Treasury Statement. 1/ Includes Canal Zone Postal Savings System, 2/ Consists of Adjusted Service Certificate Fund, various housing Insuranoe l*,391 1,291* 5,1*36 7,11*2 6 13 9 11* Farm Teoant Mort^tage Insurance Fund, and Veterans* Special Term lasuronoe FuM. fu^. Table 6.- Computed Interest Charge and Computed Interest Rate on Federal Securities (Dollar amunts In millions) March my 19 .DEHT OOTSTANDHG. Table 7.- Treasury Holdings of Securities Issued by Government Corporations and Other Agencies ^ 20 Treasury Bulletin JJEHT OUrSTAKDIHCr, Table 8.- Public Debt and Guaranteed Securities Outstanding by Months (End of month, In Jan, Apr, mlUloDS of dollars) July Ma7 Piibllo debt 1932 Aug, Sspt, starch m> 21 STATUTORY DEBT LIMITATION The Second Liberty Bond Act, as amended, ( 3I U.3.C. 757 b), provides that the face amount of obligations Issued and the face amount of under authority of that act, obligations guaranteed as to principal and Interest by aggregate *275 billion outstanding at any Obligations Issued on a discount basis, and redemption prior to maturity at the option of are Included In the statutory debt limitation the United States (except gruaranteed obligations held by the Secretary of the Treasury), shall not exceed In the redemption values. one time. subject to the owner, at current Table 1.- Statu« under Limitation, January 31, 1953 (In mllllana of dollars) Maximum amoimt of sec\irltloa ^ich joa^ ba outetandlBg at ai^ one of June 26, 191+6 (31 U.S.C . 757 b) tljne, UEider Itmitatioa Ijspoeed "tij the act 275,000 Amount of securities outstanding aubjeot to auch statutory debt limitation: 266,789 U. S, Government securities Issued under the Second Liberty Bond Act, aa amanded ^^ Guaranteed securities (excluding those held by the Treaaury) Total amount of securities outstandlJig subject to statutory debt Hjoltatlon ' 3,l63 Balance Issuable under limitation Source: Bureau of the Public Debt. Table 2«- Application of Limitation to Public Debt and Guaranteed Securities Outstanding January 31, 1953 (In mlUlona of dollars) Clafls of sec'orlty Subject to statutory debt limitation Public debt: Interest -bearing eecurltlea: Marketable: Treasury bills Certificates of indebtedness •... Treasury notes Treasury bonds - bank eligible Treasury bonds - bank restricted l/,.. Postal savings and Panama Canal bonds. Total marketable. Nonmarketable U, S, eaTlngs bonds (currant redemption Talue), Treasury savings notes Depos itary bondB Treasury bonds , inTostmant aeries Toteil ncomarketable Special Issues to Government agencies and trust funds. Total interest-bearing securities Matured eecurltlee on i^lch interest has ceased Debt bearing no interest: lilted States ean^lngs stamps Kxcees profits tax refund bonds Special notes of the United States: International Monetary Fund Series Ifiilted States notes (lees gold reserve] Deposits for retiranent of national banlc and federal Reserve Bank notes. Otiier debt bearing no interest Total debt bearing no Interest. Total public debt. Guaranteed securities; 2/ Interest-bearing Matured Total gupranteed securities Total piibllc debt and guaranteed eacurltles. 21,709 16,712 30,275 58,71*0 21,013 Not subject to statutory debt limitation Total outstanding I , Treasury Bulletin .DEBT OPERATIONS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding January 31, 1953^ (In millions of dollara) Amount of maturities Deacrlptlon of security 2/ Fixed maturity issues Callable Issues classified by year of First call Final maturity Date bank restricted Issues become bank eligible i/ Amount of maturities Year Description of security 2/ month 2-l/2)t Bond 3/15/56-58 Apr. 1-1/2^ Rote 1./I/56-EA I., 901 2,502 June. 2-l/lt^ Bond 6/l5/5l'-56 Bills. 6,901 Sept, 2-3/l.lt Bills (Tax Anticipation Series)., I-7/8J Certificate 6/1/53 -B 25t Bond kj 12/15/51-55 Bond 2$ 6/15/52-514 2-lA* Bond \J 6/15/52-55 Bond Si 12/15/52 -5lt Bond 2* 6/15/53-55 2,003 5,1.02 1-7/856 Certificate - 2A5/53-A BlUe Bills (Tax Anticipation Series] Callable Issues classified by year of: First caU 1956 Mar. BlUe Fixed maturity Issues 1,1.1»9 8,868 lt,963 Oct.. 2-1/1.51 Bond Bond l-l/2j6 Note - 1,007 982 3,822 9/15/56-59 9/15/56-59 IO/1/56-ZO 550 510 W Total 5,825 1,501 8,662 725 y 1,557 6,253 1957 Certificate Bond Dec . . S-l/SJ Bote ^ 8/15/53 -c 2,882 Mar. 2-3/8* Bond - 9/15/51-53 7,986 Apr.. 1-1/2* Bote - I./1/57-EA 12/1/53 -A 10,5U2 Oct.. 1-1/2* Bote - IO/1/57-EO 56,950 17,223 927 3/15/57-59 Total 531 751 1,283 1958 Mar. l-3/8lt Note S/lS/Sli-A Bond 2-l/U5t Bond 6/15/52-51. 6/15/51.-56 Bond 12/15/52-5^ 2^ Si 2-1/2* Bond - 2-3/8* Bond 2 -3 A* Bond l»,675 3/15/56-58 6/15/58 6/15/58-63 5,825 681 1959 Total "•,675 681 Mar.. 2-3/8* Bond - June. 2-lA* Bond - Sept. 2-3A* Bond 2-lA* Bond - Dec. 1-1/2J note 2-7/8J Bond 3/15/55 -A 3/15/55-60 2-1A5' Bond Bond 2i 6/15/52-55 6/15/53-55 1,501 725 Bond Bote 12/15/51-55 12/15/55-B 510 1-iM 9/15/56-59 9/15/56-59 2-1/1.* Bond - 12/15/59-62 5,365 2,611 i960 Mar. 256 - 3/15/57-59 6/15/59-62 6,851. 12,219 2,611 2,736 2-7/8* Bond - 3/15/55-60 2-3A* Bond - 12/15/60-65 Total - 927 March 195) 23 .DEBT OPERATIONS. Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities Issued by the United States Government and Outstanding January 31, 1953 i/- (Continued) (In millions of dollars) 9 7 6 Treasury Bulletin 21+ DEBT OPERATIONS. Table 2.- Offerings of Treasury Bills (Dollar amoimte In mlllloau) SescrlptlGO of new lesue Hunbar of days to uaturlt? MaturlV data Amount of toidarad Amount of bide aoceptad Total ajooimt On oompatItlTe baslB On noBocopetl- In tlT» taalj 1/ azchange Amount maturing on iaaua date of nev offering Total unmatured leeues oute tending after new Issues Regular Series: 1952-Oot. 2 Oct. 9 Oct. 16 Cot. 23 Oct. 30 1953-Jan. 2. Jan. 8. Jan. 15. Jan. 22. Jan. 29. 91 91 91 91 >07. 6 Hot. 13 Hot. 20 Hot. 28 Feb. 5. Fob. 13. Feb. 19. Feb. 26. 91 92 91 90 Deo . 1* Deo. 11 Deo. 18 Vac. 26 Mar. 5. Mar. 12. Mar. 19. Mar. 26. 1953-Jan. 2 Jan. 8 Jan. 15 Jan. 22 Jan. 29 Feb. 5 Feb. 13 p Feb. 19 p Feb. 26 p 92 1,915.8 2,108.1 2,237.8 1,200.0 17,206.6 2,327.5 1,191.2 1,129.0 1,285.9 195.3 215.2 210.0 272.6 215.5 38.9 68.1 87.7 55.4 66.0 1,200.3 1,1*00.1 1,1*01.2 1,1*01.5 1,501.1* 2,116.3 2,222.9 1,904.9 1,862.6 1,301.0 1,500.9 1,300.5 1,300.0 1,083.0 1,261.2 1,069.0 1,109.6 218.0 239.6 231.5 190.4 63.2 123.7 75.8 1,300.1 1,500.8 1,300.3 1,299.9 17,210.7 17,210.8 91 91 91 90 1,836.1* 1,91*3.7 1,300.7 1,200.3 1,200.0 1,200.3 1,118.1* 182.1* 1*1* 966.1 959.3 977.1 234.3 240.7 223.2 56.0 .0 1,300.3 1,200.9 1,202.8 38.3 1,200.1* 17,211.6 17,211.0 17,208.1 17,208.0 Apr. 2. Apr. 9. Apr. 16. Apr. 23. Apr. 30. 90 91 91 91 91 2,098.2 2,057.8 2,036.0 2,127.1 2,383.8 1,200.7 1,399.4 991.4 1,166.3 1,143.1 1,160.5 1,237.6 209.3 233.1 257.1 239.9 262.9 39.0 136.4 227.5 145.7 53.4 1,200.0 1,400.1 1,401.2 1,401.5 1,501.4 17,208.7 17,208.0 17,207.0 17,205.9 17,204.9 Majr 7. 217.0 141* .3 1,500.5 1,301.2 1,300.7 1,259.9 1.059.2 21*0.5 154.2 76.5 63.5 1,301.0 1,500.9 1,300.5 1,300.0 17,204.2 17,203 .9 91 2,133.0 2,386.0 2,291.5 1,993.1 1,083.1* 21. 28. 91 90 91 1,300.1* May May May l6l 210 3,279.1 3,923.8 2,501.9 2,002.7 2,300.7 1,776.3 11*. 2,1*08.1* 1,713.1 1,775.2 1,1*00.2 1,1*00.1* 1,500.1* 1,001*. 1,181*. 1,104.1* 242.0 196.3 1*8.6 1*1* .0 1,400.1* 17,206.1* 1,1*00. I* 17,207.2 17,208.8 17,209.8 1,399.9 1,^00.4 17,2U.O 17,2U.l 17, 201*. 17,205.3 Tax Anticipation Series: 1952-Oot. 8 Hot. 21 1953 -Mar. l8. June 19. 201.2 2,501.9 226.1* U,50li.6 March 1%) 25 DEBT OPERATIONS. Table 3.- Offerings of Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness Period from issue date to Issue date Description of eeourlty Maturity First call Amount of subscriptions tendered Cash 1/ ^change Amount Issued For cash 1/ In exchange for other securities Allotment ratio (In millions of dollars) 2/1A7 3/1A7 U/iAt 6/1A7 t/iAt 8/1A7 9/1A7 9/15A7 IO/1A7 ll/lA? 12/1A7 1/1A8 2/1A8 3/1A8 lt/lA8 6/1A8 7/1A8 9/15/1*8 lo/iAS 12/15A8 I/1A9 2/lA9 3/1A9 I./1A9 6/1A9 7/1A9 9/15A9 IO/1A9 :2/i5A9 1/1/50 2/1/50 3/1/50 3/15/50 l»/l/50 6/1/50 ilvv> 10/1/50 12/15/50 '•/l/Sl 6/15/51 8/1/51 9/15/51 10/1/51 10/15/51 10/1/51 02/15/51 2/2/53 2/2/53 Certificate 7/8* Certificate 7/8? Certificate 7/8* Certificate 7/8* Certificate 7/8* Certificate 7/8* Certificate 7/8* Note 1* Certificate 1* Certificate 1* 1-1/8* Note 1-1/8* Certificate 1-1/8* 1-1/8* 1-1/8* 1-1/8* 1-1/8* 1-3/8* 1-lA* 1-lA* 1-lA* 1-lA* 1-lA* 1-lA* 1-iA* 1-iA* 1-1/8* 1-1/8* 1-3/8* 1-1/8* - • • • Certificate Certificate Certificate Certificate Certificate Note Certificate Certificate Certificate Certificate Certificate Certificate Certificate Certificate Certificate Certificate Note Oertifloato 1-1 A* Note 1-lA* Bote 1-1/2* Bote 1-lA* note 1-1/4* Note 1-lA* Note 1-lA* Note 1-lA* Note 1-3A* Note 1-1/2* 1-7/8* 1-7/8* 1-7/8* 1-7/8* 1-7/8* 1-1/2* 1-7/8* - Note Certificate Certificate Certificate Certificate Certificate Note Certificate 3/1/52 3/1/52 4/1/52 7/1/52 7/1/52 8/15/52 10/1/52 10/1/52 8/15/52 Bond Certificate Note Bond Certificate Certificate 2* 2-1/8* Note 1-1/2* Note Certificate 2* 2/15/53 2/15/53 2-lA* 2-3/8* 1-7/8* 1-1/2* 2-3/8* 1-7/8* Oairttfioate 2-1/2* Bond • • 2/1A8-B 3/1A8-C U/1A8-D 6/1A8-E 7/1A8-F 2/1A9-B 3/1A9-C • • • 1 yr 11 m 1 yr 1 yr 1 yr 1 yr lyr 1 1 1 1 2/1/50-B 3/1/50-C 4/1/50-D 6/1/50-E 7/1/50 -P 9/15/50 -G 10/1/50-H 3/15/54-A 1/1/51-A 10/1/51-A 7/1/51-B 3/15/55-A 7/1/51-C 7/1/51-D 8/1/51-E 10/15/51-F 11/1/51-C 12/15/55-B 4/1/56-EA 4/1/52-A 7/1/52-B 8/15/52 -C 9/1/52-D 10/1/52 -E 10/1/56-BO 12/1/52-F 1 yr yr yr yr yr lyr 1 yr 1 yr 4 yr 1 yr 1 yr 1 yr 5yr yr 3 1 yr 1 1 1 1 yr 1 m 1 yr 1 m 5 rr yr 9i 11 11 11 lli m m m 5 yr yr 5 5yr Hi. U 2,189 3,553 1,055 4,301 5,783 3,596 6,535 1,993 2,922 5,019 5,601 1,197 6,248 4,675 5,373 1,993 2,922 963 5,019 5,601 1,197 6,248 4,675 5,373 1,918 2,741 5,365 886 4,818 5,351 5,941 5,253 6,854 1,918 2,741 5,365 886 4,818 5,351 5,941 5,253 6,854 1,007 a/ 9,524 5,216 1.007 2/ 9,524 5,216 519 5,695 yr 1 yr 873 5/ yr 5 yr 8,U4 1 p 620 p 4/ ^ 2/ 550 a/ 1,063 927 8,868 531 iJ 4,245 '',963 2,008 5/ 10,542 758 3/ lyr "Treasury Bulletin" for April 1951. page A-1. Amounts shown are as of February 28. 1953. They include exchanges by Federal Beserre System Open Market Account amounting to $1,000 million In the case of Series EA-1956, $500 million eaoh In the case of Series EO-1956 and Series EA-1957, and $714 million In the oese of Series 10-1957. 583 1,832 10,861 927 8,868 531 1/ 11,693 1 1 yr 5 2,189 3,553 1,055 4,301 5,783 3,596 6,535 519 5,695 1,832 10,861 550 i/ 1,063 ni: yi/57-EA 3,947 2,142 1,321 1,777 2,742 1,127 2,209 4,092 1,354 1,467 3,535 2,592 583 m o 5 yr Source: Bureau of the Public Debt, 1/ Consists of nil public cash subscriptions and subscriptions by U, S, GoTernment inveetaoent accounts, 2/ Exchange offering aTailable to owners of nonmarketable 2-3A/^ Treasury Bonds, Investment Series E-1975-80, dated April 1, 1951. For further Information relating to the original offering see X/ B m m lyr 5 4,801 2,951 2,669 2,510 2,742 1,127 2,209 4,092 1,354 1,467 3,535 2,592 963 lyr 3/15/57-59 2/15/53 -A 2/15/54-A 12/15/58 6i, 1 yr 1 yr 1 yr 7 yr 6/15/58 6/1/53 -B , 8/15/53-c 2/ 12/1/53 -A lO/l/57-EO 8/15/53-c 1/ m 1 lyr 6/1A9-E 7/1A9-F 1/1/50-A • 11 m 10 m. I2J m lt/l/50-A IO/1A9-G 12/15A9-H • 1 yr 1 yr 1 yr 1 yr 7/1/48-0 7/1A8-H IO/1A8-B IO/1A8-J IO/1A8-K I/1A9-A I/1A9-A 't/lA9-D • 1 yr 4,963 2.008 ^/ 10,542 758 a/ 873 5/ 8,U4 p 620 p Nonbank subscriptions were allotted in full, COEaaercial banks' subscriptions for amounts up to and including .$100,000 for their own account Qiao were allotted in full, COEEnercial banks' subscriptions for amounts over $1'!)0,000 for their own account were allotted $100,000 on each subscription. The 2* certificates dated August 15, 1952, were reopened, with all certificates of the series identical in all respects, as an exchange offerlns for the 1-7/8* certificates which matured December 1, 1952. Total exchanges amount to $2,382 million. Holders of the I-7/8* certificates which matured February 15, 1953, were offered a choice of exchanging the securities for either the one-year certificate or the five-year, ten-aonth bond. Preliminary, 26 Treasury Bulletin .DEBT OPERATIONS. Table 4.- Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates of Indebtedness and Securities Guaranteed by the United States Government Called or maturing security 1/ Date of refunding or retire- iGoue date DeBcrlptian jBent Slepoaltlon offers \tj Treasury Amount outstanding Exobange security offered Casta retirement (In allllau of 1/1/50 8/1/30 3/1/50 3/15/50 "•/l/SO Baaulta of ezeh>nge offer. Elchnnged In for cash 2/ tellm) l-lA* CM-tlfloate l-lA> Certificate 1-lA* Certificate - 1/1/50-A I/1A9 5,695 5,695 5,373 322 - 2/1/50-B 1,993 1,993 1,918 75 3/1/30-C 2/1A9 3/1A9 2,922 2,922 2,7*1 lao Bond 2* l-3/8> lote - 3/15/50 10/19 A2 - I1/1/50-A 9/15/w 1,963 3,596 1,963 3,596 1,861 3,50* 102 92 19* -' Total Description of nev security offered Turned l-l/8# Oortlfloato - l/l/51-A l-lA> Bote l-lA* Boto - 10/1/51-A - 7/1/51-B 1-1/2)1 Boto - 3/15/55-A 5,559 5,559 5,365 "t/1/50 l-l/llj Certificate - U/1/50-D 4/1/1*9 963 963 886 76 l-lA# Bote 6/1/50 l-l/li# Certlfloat* - 6/1/50-I 6/1/1*9 5,019 5,019 *,8l8 801 1-1/** Boto 7/1/51-D 7/1/50 1-lA* Oertlfloat* - 7/l/50-» 7/1/119 5,601 5,601 5,351 250 l-l/*# Boto 8/1/51-B 1-1/8)1 Certificate 2-l/2ik lond 9/15/50-0 9/15/50-52 9/15/50-52 9/15A9 1,197 1,186 ",939 1,197 158 281 9*2 10/15/51-F *,939 1,039 905 3,997 l-lAi BMa - 9/15/50 2* »oo« 9/15/38 •1/15A3 Total l,lfl6 7/1/51-C 7,322 7,322 5,9*1 1,381 10/1/50 l-l/8# CortlTloate - IO/1/5O-I IO/1A9 6,21.8 6,2*8 5,253 995 1-1/** Boto ll/l/51-O 12/15/50 l-l/2# Bead I-I/Sjl Certificate - 12/15/50 I/I/51-A 6/1/1*5 2,635 5,373 2,635 5,373 2,315 *,538 320 83* 1-3A> Boto 12/15/55-B 8,008 8,008 6,85* 1,15* 6/15/67-72 12/15/67-72 6/1/1.5 7,967 U/15A5 U,689 7,967 11,689 5,96* 7,610 19,656 19,656 13,57* 1,627 1,516 2,607 831 *,570 2*8 - 1/1/50 Totfcl •i/l/jl 2 -1/8 J BcBd - 2-1/211 Bai^ - Total 2-3A» Bond - lote 1-1/11)1 Bote l-l/*)l Bote - 2-3/*^ Treaanry Bond, Inroatwnt Sarloa B-1975-80 y 110 13* 55 6/15/51-5* 7/1/51-B 7/1/51-C 6/15/36 3/1/50 - l>/l/50 366 - 7/1^1-D 6/1/50 1..818 1,627 2,7*1 886 *,8l8 10,078 10,072 9,58* 5*8 l-lA# Boto - 8/1/51 -B 7/1/50 5,351 5,351 5,216 135 l-7/8# Corttfleato - 7/l/5e-B Boad - 9/15/51-55 9/15/31 755 755 585 178 l-7/8> Certificate - 8/15/52-C W/l/51 1-1 A* Boto - 10/1/51-A 2/1/50 1,918 1,918 1,832 86 10/15/51 1-lA* Boto - 10/15/51-r 9/15/50 l-l/li* Boto - u/l/51-0 10/1^0 5,9*1 5,253 5,9*1 5,253 5,873 *,98B 67 265 333 6/15/51 l-l/lii» Total 8/1/51 9/15/51 3# 2,71.1 1-7/8)1 Oortlfloato - */l/52-A 1-7/8)1 Oertlfloato - 9/1/52-5 - lo/l/58-B l-7/8# Oortlfloato U,19l. 11,19* 10,861 12/15/51 2-lA* BM* - ia/15/51-53 12/22^9 1,118 1,118 1,063 55 l-7/8# Oortlfloato - 12/l/5a-» 3/1/52 2-l/2# Bead - 3/15/52-5* 3/31A1 1,021. 1,02* 927 97 2-3/8# Bead - 3/15/57-59 3/1/52 l-7/8# Oartlfloato - */l/52-A 6/15/51 9,52* 9,52* 8,868 656 1-7/8)1 Oartlfloato - 2/15/53-A 5.195 12/l/U 3,1.80 - 3/15/65-70 3/15/66-71 6/15/67-72 12/15/67-72 2/lM 6A/38 a-i/2# Bosd 2-1/2)1 Boad S-l/^ Bond 2-1/2)1 Boad - 6/1/1.5 U/I5A5 1/1: 1,999 1,072 5,195 3,*8o 1,999 *,072 *67 512 100 227 1*,7*6 1*,7*6 1,306 1-7/8)1 Oortlfloato - 7/1/52-B 8/1/51 5,216 5,21)6 *,963 853 1-7/8)1 Corttrioat* - - 8/15/52-0 9/15/51 583 loA^l 150 858 ei - 9A/52-B *3* 1,575 Certificate - 583 1,832 totjj - Tot4ll 7/1/52 2-3/*^ Tr«ai.\c7 BoBl, iBToatont Series B-1975-80 3/ 6/1/53-B 8/15/52 l-7/8# Oertlfloato l-7/8)t Oartlfloato 2,1.16 2,*l6 2,008 *07 10/1/52 l-7/8# Cartlfloato - lO/l/jB-B 10/15/51 10,861 10,861 10,5*2 319 2-1/8)1 BoU - 12/1/53 -A 12/1/52 l-7/8# Oortiricato - 12/l/5»-F 12/15/51 1,063 1,063 873 190 2# Oortlfloato - 8/15/53 -C*/ 2/15/53 l-7/8# Oertlfloato - 2/15/53-A 3/1/52 8,868 8,868 8,73* P «* Total Soaroei Baroau of the Pahllo BoVt. 1/ Original oall aai aativlty datoo are wied. 2/ All l>y tBToatoro otkar tkn fodorml BoeerTo BaakB. 2/ Tkoso aoKBrketaklo koada, daitod Ajnl 1, 1951, and aatvrlng April 1, i960, are oKohaagoaUo for l-l/2)( aarketaklo Troaaury noteo; aoo TaUo 3, footaoto 2, la tlie reopaalng, the iBroataont Sorioe 1,832 V j2-lA* Oortlfloato - l2-l/2# Bond - p 2/l5/5*-A 12/15/58 kcDda mro offered for oaak aakoorlBtlona aa «•!! as exohango, and ydld for not leaa tkan ono inartar of oaoh ontecrlptlon Bad to In cask. The 2^ cortlfloatos aatarlag Aagast 15, 1953, «oro reopened for the Boca*bor 1 refunding (aoo Taklo 3). Preliminary. W */ 8/15/53 -C*/ March my 27 .usiTED sryffiES sAvmss bonds. United States savings bonds were first offered In and K, also at hlf^er Interest rates. A new current-Income similar In Interest return to Series E, was offered beginning Junel. For details of these changes see "Treasury Bulletin" for May 1952, page A-1. March 1975 and began to mature In March 19'*5. Series A-D were sold between March 1935 ah^ the end of April iglU, and Series E, F, and bond, were first offered In May V)h\. Series H, When Series E began to mature on May 1, 1951, owners of the matured bonds were offered three options: In the tables which follow, Series A-F and J sales are shown at Issue price and total redemptions and amounts outstanding at current redemption values. Series (J, H and K are shown at face value throughout. Matured bonds which To redeem the bonds In cash In accordance with the original terms; to retain them with an extended maturity of 10 years at , specified rates of Interest accrual; or to exchange them bonds. for Series A number of changes became effective have been redeemed are Included In redemptions. 1, term, with corresponding changes In extended Series E; and Series F and 5 were replaced by two new Issues, Series J Table 1.- Sales and Redeaptlons by Series, Cumulative through January 31, 1953 (Dollar aaonnta SerlM Data by denominations and eales by States are published on a monthly basis but not In each Issue of the "Treasury Bulletin". The rate of Interest 1952. "he principal ones were: accrual on Series E was Increased, especially for the near May Iji Billions) . . Treasury Bulletin 28 .UNITED STATES SAVUIGS BOHDS. Table 3.- Sales and Redemptions by Periods, Series E through K (DollAr aaounta In adllloQs) Aooru«d dlsconnt Redemptions l/ Sales plQfi accrued discount Sales price Accrued discount ABOunt outstanding (Interestbearing debt) Series 1 and H caoblned Fiscal years: igM-igits 19Wt ig^s 12,001 11,820 11,553 6,739 It, 287 19W IS^tT 19W "1,026 l>,278 19*9 1950 1951 1952 3,993 3,272 3,296 35 lie 265 11,287 21,125 29,097 30,358 30,791 31,625 33,127 34,494 749 2,100 3,846 5,912 4,391 3,825 3,530 3,521 4,295 4,008 748 2,095 3,825 5,843 4,288 3,689 3,368 3,326 3,987 3,583 5,025 4,639 4,270 4,694 1,601 3,005 4,963 5,423 3,930 3,728 3,448 3,912 4,036 4,098 1,598 2,993 4,925 5,330 3,813 3,575 3,274 3,667 3,688 3,622 p 377 319 337 334 279 299 44 40 38 34,950 35,019 35,055 41 35, 33 P 35,206 35,324 12,035 11,938 11,818 1*31* 7,173 536 633 753 895 1,035 1,111 l*,8Sl* '*,659 5,032 1*,887 l*,307 l*,l*07 1 5 20 69 103 136 162 195 307 425 3lt,506 2 15,957 25,515 30,727 30,263 30,997 32,188 33,766 34,905 Calendar years; 19lH-19'>3 17,1*78 19W1 19l'5 12,380 9,822 80 182 353 17,558 12,562 10,175 191*6 l*,lt66 1*93 1*,959 igitT I* ,085 579 696 818 971 1,080 1,120 1*,661* 191*8 I*, 221* ipig 1950 1951 195S I*, 208 3,668 3,190 3,575 Months 1 195S-July August, September , . October. . NoTember. December. 1953 -January... 1*,920 316 309 290 107 78 83 422 387 373 310 271 76 91 123 386 362 456 325 272 331* 338 284 239 299 1*41 108 548 361 320 p 11 38 93 116 154 174 245 348 1*75 3'*,'*93 P 39 P 41 p 34,727 35,324 U6 35,511 Series F, G, J, and E coablned ?lBcal years: 6,446 3,678 3,337 2,873 2,920 2,209 2,863 1,680 1,871 629 1941-1943 1944 191*5 1946 191*7 1948 191*9 1950 1951 1952 Calendar years: 1941-1943 1944 7,946 3,664 3,115 2,962 2,609 3,071 1,626 2,4o6 191*5 1946 191*7 1948 191*9 1950 1951 1952 770 586 3 9 19 33 47 61 73 83 90 96 6 13 25 40 54 67 78 87 93 100 6,448 3.687 3,356 2,905 2,968 2,270 2,935 87 192 310 497 672 772 835 821 1,042 1,012 87 191 309 494 666 764 823 807 1,021 990 7,952 3,678 3,140 3,002 2,663 3,139 163 259 370 615 715 258 368 611 708 1,704 2,493 815 905 1,093 929 1,763 1,961 726 863 686 ao 1 3 6 9 12 14 21 21 i6e 829 803 888 1,071 908 p 1 1 4 6,362 9,857 12,903 15,312 17,608 19,105 21,205 22,147 23,066 22,780 7,789 11,208 13,979 16,366 7 18,311* 11 12 17 22 20,613 21,501 23,089 22,859 22,616 22 p Months: 1952 -July 66 August . September 47 39 14 6 6 Ootober.. Hot ember. December. 38 32 42 7 7 12 39 1953 -January.. 64 15 52 . Footnotes at end of Table 4. 87 77 76 85 75 75 22,759 22,734 22,704 53 70 72 82 69 70 p 80 p 22,678 22,645 22,616 78 72 70 p 22,623 53 46 45 (Continued on following page) KonttOj redttiptlons as percent of amount outstanding March mj 29 .UNITED STATES SAVIBGS BONDS. Table 3.- Sales and Redemptions by Periods, Series B through K - (Continued) (In millions of dollars) Accrued diecount Bsdaiptlona 2/ 3/ Sales plus ABOUDt OutstandlDg (Interestbearing debt accrvfid Sales price discount Accrued disooimt nscal years: I9IH and 1942. 3,729 8,271 11,820 1 33 3,731 19'tlt U8 11,93'' 60 689 2,100 19'f5 U,553 265 11,8j.8 3,8lt6 It3lt 7,173 5,912 5,8lt3 lt,391 l.,288 19'*9 11,278 659 5,032 1950 1951 1952 3,993 3,272 3,266 536 633 753 895 1,035 1,111 lt,82lt 19lt8 6,739 287 It, 026 3,825 3,530 3,521 It, 295 It, 008 3,689 3,368 3,326 3,987 3,583 220 1,380 3,005 220 1,378 2,993 It, 925 5,330 19l'3 19W 19*7 It, 8,30li It, lt,887 307 It, 377 It, 60 688 2,095 3,825 3,671 11,287 21,125 29,097 30,358 30,791 31,625 33,127 1 5 20 69 103 136 162 3lt,li9lt 195 307 3lt,506 3lt,675 Calendar years: 19ltl and 19ll2. 10,3lA 12,380 9,822 10 70 i8e 353 lt,lt6£ lt93 085 579 696 818 971 1,080 1,120 7,13'» 19^3 191* 19'>5 19'>6 W"!? It, 191*8 !t,S2ll 191*9 It, 208 3,668 3,190 3,393 1950 1951 1952 Months: 1952 -July August . September . . October. November . December. . 1953 -January . . , 260 28a 267 107 78 83 7,lWt 10,lillt 12,562 10,175 It ,959 lt,66lt 513 386 360 350 377 319 337 11,639 4,270 286 253 310 91 363 3Wt 123 1.33 325 272 338 397 108 505 361 76 Series H k/ Fiscal year: 963 5,1*23 3,930 3,728 3,Wt8 3,912 It, 036 It, 098 920 5,025 It, It, It, 3,813 3,575 6,923 15,957 25,515 30,727 30,263 30,997 32,188 33,766 2 11 38 93 116 15lt 3,27lt 17lt 3,667 3,688 3,622 p 2lt5 3li,lt93 31*8 I175 311,727 35,11*3 P 33lt lilt 3l*,88lt 279 299 ito 311,926 38 31*, 939 281t 111 239 P 299 P 33 P 39 P 311,976 35,Oli8 319 P 111 p 35,11*3 35,287 ; t ) . . . Treasury Bulletin 30 .UHTTED STATES SAV3BGS BONDS. Table 3.- Sales and Redemptions by Periods, Series E through K ( Accrued dlBcount - (Continued) In millions of dollara Redemptions Sales plus accrued discount Accrued discount Sales price Amount outstanding (Interestbearing debt) Series F 5/ Fiscal years; and 19lt2. 3 3 U99 17 58 89 17 57 88 1,21*2 1 2,60ll ll(9 llt7 3 197 198 6 2,895 3,099 3,255 19^5 502 758 802 679 191(6 1K)7 19't7 19lt8 360 301 173 231 1.7 1)07 61 362 73 Bi 5l»5 31lt 203 206 216 199 3't7 90 1(37 21(8 185 227 97 96. 193 229 207 860 2 71*5 k 13 861 750 786 25 &1 7 35 77 106 189 203 222 202 223 259 190 19'*1 igits igw 19'*9 1950 1951 1952 502 760 2 9 19 33 811 698 1*0 20li 1,996 9 12 lU 21 21 3,58li 3,699 3,889 3,853 Calendar years I9IH and 19112. wita I9W 773 595 325 3U2 19lt5 19U6 WliT 19U8 witg 1950 1951 1952 365 396 566 311 1*17 67 78 87 i2h k6 93 100 217 146 Ik 6 6 U AugUB t . Septenber October. Rorember December. 1*98 233 Man thai 1952-July . 1953 -January. • 503 7 85I1 35 77 1,569 2,278 2,793 2,969 3,162 3,505 3,615 3,895 3,853 3,809 1 185 196 211 189 206 237 169 p ll 6 18 17 16 111 7 7 12 7 7 12 11. 12 16 16 111 15 15 111 12 P 6 1 lOli 7 U 12 17 22 22 P 16 15 3,81.9 3,838 3,829 3,822 3,813 3,809 p lU p 2 P 3,310 Series J 6/ Fiscal year: 1952 21. 21. 21. 83 83 83 1952 -July August. . September. 9 11 9 9 11 9 33 , October... NoTsmber December . 10 9 11 10 9 11 63 72 83 . 16 16 98 Calendar yeari 1952 Months . . 1953 -January . Footnotes at and of Table 1.. (Continued on follovlng page) 1.1. 53 March mj 31 .UNITED STATES SAVINGS BONDS, Table 3.- &alee and Redemptions by PerlodSt Series E through K ( Sales 2/ Accrued dlSCOUDt Bed empt Ions Sales plus accrued dlecount Series G Fiscal yeara: 191*1 and 191*2 (Continued) In minions of dollars Sales price ^ Accrued discount Amount outstanding (interestbearing debt) .. , Treasury Bulletin 32 .UNITED STATES SAVINGS BONDS. Table 4.- Redemptions of Matured and Unmatured Savings Bonds (In nllliana of dollars) ttnmatuTsd bonds 2/ Matxired bonds 8/ Period 2/ Fiscal years I 1951 195a Total Total matured Series A-D For cash In exchange for Series G or K Totea unmatured Sales price 5.320 U,996 32lt 37 69"* '',317 lt,0U6 271 l*,853 It, 583 It, 962 "1,879 '(,059 571 3,806 270 308 253 86 80 76 86 79 75 378 316 338 35't 21. 295 317 21 21 85 69 87 8* 69 86 3U 275 333 289 258 315 21 17 19 98 33'' 317 18 6,137 5,109 817 792 779 90 38 702 5,81«D 987 772 1,015 987 522 U7 250 968 2lt.5 90 83 78 Calendar years 1 1930 1951 1952 5,651 5,07lt Accrued discount Months: 195S-July AUgUBt. . September . , October. November December 1953 -January . 1.68 399 1*17 . 1|22 88 71 88 . 1*35 101 . . 398 3l»6 Sourcet Dally Treasury Statement. A-D 1/ Details by series on a oumulatlTe basis and by periods for Series Issues of the ocmiblnwl will be found In the February 1952 and prevloua "Treasury Bulletin". bonds begin2/ Includes exchanges of matured Series E bonis for Series G ning Hay 1951 and for Series K bonds beginning May 1952. h. Table 3/ Includes both matured and unmatured bonds) see \J Sales began June 1, 1952. 2/ Sales were discontinued after April 30, 1952. Sales began May 1, 1952. Comparable data are not available prior to January 1950. accrued Of the total maturity value, 75* Is Issue price and 25* Is discount. InclialeB redemptions not yet classified. Leas than $500,000. Preliminary. siatvh my 33 . TREASURY SAVINGS NOTES Treasury tax and savings notes hare been Issued In Tax Series A from August 1, 194l, through June 22, 19l^3; Tax Series B from August 1, igltl, through five series: September 12, 191^2; Savings Series C (originally designated Tax Series C) from September lit, igUS, throu^ August 31, 1948; Savings Series D from September l.igUa, through May 14, I95I; and Savings Series A beginning on May I5, . Issue. For details concerning terms and conditions, invest- ment yields, and tax payment or redemption values of Series A and B, see "Annual Report of the Secretary of the Treasury" for 1942, pages 20/ and 220, and for sales and redemptions by fiscal years and months, see "Treasury Bulletin" for February 1946, pages 42 and 43. I95I. concerning terms and conditions for purchase and redemption and Investment yields of Savings Series A appear In the June I95I Issue of the "Treasury Bulletin", page A-1. Similar Information with respect to Savings Series D Detail* will be found In the October 191^8 and September 191^9 issues, and with respect to Savings Series C In the October V)^ In the following tables sales and redemptions of Treasury savings notes are shown at par value. Matured notes redeemed (either for cash or for tax payment ) are included In the figures on redemptions. Matured notes outstanding are reflected in the interest-bearing debt until all notes of the aeries have matured, trtien they are transferred to matured debt upon which interest has ceased. Table 1.- Sales and Redemptions by Series, Cumulative through January 1953 (In mllllonB of dollara) 3"^ Treasury Bulletin .OWNERSHIP OF FEDERAL SECURITIES. Table 1.- Dlstrlbutlon of Federal Securities by Classes of Investors and Types of Issues tin millions of dollars J March my 35 .OVWEFSHIP OF FEDERAL SECURITIES. Table 3.- Bstimated Omershlp of Federal Securities - Treasury Bulletin 36 .TREASURY SURVEY OF OWHERSHIP, DECEMBER 31, 1952. The Treasury Survey of Ownership covers securities Issued by the United States Qovernment and by Federal agencies. The banks and Insurance companies included In the Survey account for approximately 95 percent of such securities held by all banks and insurance companies in Data were first published for the United States. 19'tl "Treasury Bulletin". in the May 1941, 31, Information on the distribution of ownership by types of banks and insurance companies is published each month. Additional information showing the holdings of commercial banks distributed according to Federal Reserve member bank classes and nonmember banks is published for June 30 and December "il. March Section I.- Securities Issued or Guaranteed by the United States Government Table 1.- Summary of All Securities (Pax values - in mlllloaa of dollars) March 191) 37 .TKEASUPY SURVEY OF OWNEPSHIP, DECEMBER 31, I952. Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest-Bearing Public Marketable Securities by Issues Par values - In millions of dollars) Held by investors covered in Treasury Survey Isaue (Tax atatus 8/ is ahovn In parenthesesj Total amount outstand- 7,092 ing commel*clal banks 1/ 2/ U, S. Government Insurance companies 527 mutual savings banks 1/ 317 life 605 fire, casualty, and marine Inveatanent occo^intB and Held by all other Investors Federal Reserve Banks Treaaury bllla: Beeular Series Tax Anticipation Series tajtable 17,208 't.505 4,998 2,050 126 (taxable) 450 14 108 11 1,427 11 10,099 2,419 21,713 7,047 137 464 119 1,427 12,518 2,067 1,529 1,196 19 12 6 4 124 '',963 51 2,882 129 65 3,715 1,162 210 2, 080 1 16,712 4,791 37 56 317 5,087 6,424 10,5)12 5,365 1,021 3,028 4,229 18 3 15 79 182 132 7,507 245 91 1,913 1,212 399 92 3,234 1,000 500 947 ( Total Treasury bills Certificates of Indebtedness: 1-7/3? Fobruarj 1-7/8 JlJUe August 1353-A 1?53-B 1953-C 2 (taxable) (taxable (taxable) Total certificates of Indebtedness 2,939 1,404 Treasury notes: 2-\/S$ December 1-3/8 Mfiroh 1-1/2 March 1953-A 195t-A 1955-A (taxable) (taxable) (taxable) I-3A 1955-B 1956-EA I956-BO (taxable) (taxable) (taxable) 6,S5l> 2,573 1,007 550 6 42 (taxable) (taxable) 531 742 27 30,266 10,955 49 (taxable) (taxable) (taxable) 7,986 510 5,325 4,136 348 3,798 72 7 65 1953-55 (taxable) (taxable) (partially) 1,501 8,662 725 1,018 6,009 676 1954-56 1955-60 1956-53 (partially) (partially) (taxable) 681 2,611 3 1 1,1019 590 1,893 1,150 33 10 2-lA September 1956-59 2-3A September 1956-59 3,322 982 927 35 24 106 « * 67 466 59 376 1-1/S 1-1/2 1-1/2 1-1/2 December April October April October 1957-EA 1957-BO Total Treasury notes '*,675 30 1 6 500 714 1 486 13,739 4,978 217 15 165 861 8 462 2.692 132 1,332 1 Treasury bonds: Bank eligible! 2lt Septfflnber 1951-53 2 December June 2 1951-55 1952-5't 2-l/li June 1952-55 2 195a-5't 2 December June 2-lA June 2-7/8 Haroh 2-1/2 March a 1 2-3/3 March 1957-59 (taxable) (partially) (taxable) 2-3/8 June June June 1958 1958-63 1959-62 (taxable) (partially) (taxable) 4,245 919 5,281 2,719 829 831 250 8 1,041 2-lA December 1959-62 1960-65 1962-67 (taxable) (partially) (taxable) 3,468 1,485 7,117 205 1,314 521 383 1 369 2-1/2 December 1963-68 2-1/2 September 1967-72 (taxable) (taxable) 2,828 2,716 109 2,017 58,740 2-3/'' 2-l/lt 2-3/lt December 2-1/2 June Total bank eligible Bank restricted: 21 20 90 1 332 54 223 15 32 76 32 99 298 244 2,023 31' 70 21 568 197 60 5 339 675 281 103 40 491 581 832 41 1,960 32 1 36 357 361 30 139 259 1,433 136 473 721 116 549 12 260 30 356 127 "113 32,417 3,289 1,858 2.567 4,4o6 14,203 34 31 1,346 859 861 723 1,017 1,208 135 223 164 418 533 1,148 1,052 1,165 1,234 124 51 651 128 252 863 1,336 3,072 3 754 1 833 jj 2-1/2 June 2-1/2 December 2-1/2 March 1961»-69 1964-69 1965-7O (taxable) (taxable) (taxable) 3,758 3,834 4,724 2-1/2 March 2-1/2 June 2-1/2 December I966-7X 1967-72 I967-72 (taxable) (taxable) (taxable) 2,966 1,897 3,837 405 256 148 373 53 175 21,016 417 3.876 3,9't9 861 3,135 8,778 79.755 32,834 7,165 5,807 3.'t28 7, 5^1 22.980 Total bank restricted Total Treasury bonds Footnotes at end of Section II. , 58 45 74 75 (Contlnoed on following page) Treasury Bulletin .TREASURY SURVEY OF OWKERSHIP. DECIMBER 31, 1952. Section I - Securities Issued or Guaranteed by the United States Government Table 3.- Interest -Bearing Public Marketable Securities by Issues - (Continued) 39 Siittvh I9i) .TREASURY SURVEY OF OWNERSHIP, DECSJfflER 31, 1952- Section II - Intereet-BearliiK Securities Issued by Federal Agencies but not Guaranteed by the United States Government (Par values - In mlllloDS of dollaxs) Treasury Bulletin 1+0 .TREASURY SURVEY - C0MME3«;iAL BANK OWNKFiSHIP, DBCEMBEF 31, 1952. The tables which follow provide an analysle of the security holdings of commercial banks reporting In the Treasury survey of ownership of securities Issued by the This analysis of commercial bank ownership was first published In the May 1944 Issue of the "Treasury Bulletin", United States Government and by Federal agencies. The figures show the total holdings distributed according to Federal Reserve member-bank classes and nonmember banks. Section I - based on the survey data for December 31, IS^J. It has appeared at semlannutd or quju-terly Intervale since that time, and Is now being published for the June 30 and December 3I survey data. Interest-Bearing Securities Issued or Guaranteed by the United States Government Table 1.- Summary of All Securities (Ear values - In millions of dollars) Siarch 195) 41 .TEEASUPY SURVEY Section I - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1952, Interest-Bearing Securities Issued or Guaranteed by the United States Government Table 3.- Public Marketable Securities by Issues (Par TQlues - In millions of dollars) Treasury Bulletin k2 .TREASUPY SURVEY Section I - COMMERCIAL BANK OWNERSHIP, DECEMBER 31, 1952, Interest-Bearing Securities Issued or Guaranteed by the United States Government Table 3.- Public Marketable Securities by Issues - (Continued) ( Far valiies - In millions of dollars starch 195) ^3 .TREASURY SURVEY Section II - - COtffiBCIAL BANK OWNERSHIP, DECBMBER 31, 1952. Interest-Bearing Securities Issued by Federal Agencies but not Guaranteed by the United States Government (Par valuea - In miUions of dollars) Treasury Bulletin 1^1^ .MARKET QTOTATIONS, JANUARY 30, 1953. Current market quotations shown here are over-thecounter closing quotations In the New York market for the last trading day of the month, as reported to the Treasury by the Federal Reserve Bank of New York. The securities listed In Section I Include all public marketable securities issued or guaranteed by the United States Government except those not regularly quoted In the market. The Issues excluded are postal savings bonds and Federal Housing Administration Section I - debentures. The latter are the only public marketable Interest-bearing guaranteed securities outstanding. Section II lists the public marketable securities Issued by Federal agencies but not guaranteed by the United States Government. Dally quotations have been published each month In the Treasury Department statement, "Prices and Yields of Public Marketable Securities Issued by the United States Goveranent ahd by Federal Agencies". Securities Issued or Guaranteed by the United States Government Table 1.- Treasury Bills (Taxable) Amount ^5 March 195) , Section I - MAEKET QUOTATIONS, JANUAEY 30, 1953. Securities Issued or Guaranteed by the United States Government Table 3.- Other Taxable Issues - (Continued) (Price dectmale are 32ndB) Treasury Bulletin 46 .MAEKET QUOTATIONS, JANUARY 30, 1953. Section II - Securities Issued by Federal Agencies but not Guaranteed by the United States Government Table 2.- Other Issues (Taxablel (Price decljiials are 32Qds) Paaovait Price range kj outstcmdIsg (millions Chanse Description In Bldi mean Ask frcoB last TftfTn To first call Change from last month Issue date Since first traded In 1952-53 High High Price *n Date Price Itlce Sate Date Central Ban3c for CooperatlTes debenturee $30 ko UO 13/ 1-5/8* 2-1/8 2-1/2 2-5/8 - 2/1/53 ., 6/1^63 6/1, 99.26 6/1/^ 99.2'* 99.2lt . 2/lA - 100.02 100.00 99.30 99.30 99.28 99.27 99.31 99.31 100.00 99.31 99.31 100.01 100.01 100.02 100.01 100.01 100.00 100.00 100.01 100.00 100.00 99.00 99.08 99.30 99.30 95.18 99 .2"* 99.10 99.0"* ^ 2/1/50 2.33: .11* 6/2^ 2.63 2.75 .05 10/1/51 2/2/53 +.oii +.01J +.01 +.oii +.oii 2.00 2.01 2.18 -.31* +.02 -.01 +.02 +.02 100.06 100.00 100.13 99.27 1/12/50 5/28/52 5/8/32 1/30/53 98.20 99.27 99.2"* 99.27 8/3/51 99.31 1/26/52 100.00 12/28/51 100.13 1/30/53 99.27 10/9/52 99.00 5/2r99.27 5/28/: 5/8/52 99.26 1/30/53 99.27 12/ 1/27/53 1/30/53 Federal Hcone Loan Ban^ notes i 2* - 67 2 - 2/16/53-A 2/16/53-B 76 90 2.30 2.20 2.30 - '*/l5/53-0 - 5/15/53-D 8/17/53-E 75 ll»0 Federal Land 111* 72 100 215 230 131 i 1/ Ban]£ 11/1/5"* 11/1/5"* I-3A 10/1/55- 57 2-3A 2/1/53-55 15/ 5/1/58 2.21* U/17/52 2.31 -.07 11/17/52 2.70 1/ 2.59 2.59 2.80 1/ 2.75 2.92 -.02 +.02 100.02 5/22/52 100.00 1/30/53 100.02 11/10/52 100.00 1/30/53 100.00 1/30/53 9/17/52 9/17/52 1/27/53 1/2/53 1/26/53 100.02 5/22/52 100.00 1/30/53 100.02 u/10/52 100.00 1/30/53 100.00 1/30/53 9/17/52 9/17/52 1/27/53 1/2/53 1/26/53 hands: 2-1 A* 2-1/2 2-1/2 2-5/8 5/15/52 6/13/52 8/15/52 -.33 -.13 -.11 99.21* 99 .2"* 95.10 99.16 99.00 99.27 99.27 .00 95.11* +.02 99.20 99.05 +.01 -.03 .00 .00 .00 +.02 Tai Antlolpatlon Series Quoted on a prloe basis begljinlng January 28, 1953. 8/ EScceee of price over yield price. Prices are the mesc of closing bid and aak luotatlcoia In the over-thecounter marlcet, except that prices of Treasury bands for the period prior to October 1, 1939| are closlne prices on the Now York Stock Exchange. "When Issued" prices are Included In hlatoiy beginning October 1, 1939* Dates of hl^hs and love. In case of recurrence, are the latest dates. Hot called for redemrptlon on March 15, 1953. Will mature on September 15. 1953. Callable on 4 months* notice on June 15, 1953* Yield to matmrlty. Market convontlon treats the yield to earliest call i5/ date as more significant vhen an Issue Is selling above par; the yield to 2/1A5 105.31 3/12A6 99.00 11/1/51 1/2/53 IO/1A9 5/1/52 1/2/63 100.21* l*/2l/52 99.21 99.31 12/23/52 99.25 100.12 9/22A9 91*. 26 100.17 5/19/52 99.17 99.16 12/11/52 98.30 12/26/32 100.01* 5/28/52 99.00 12/28/51 100.21* l*/2l/52 99.21* 1/27/53 99.31 12/23/52 99.25 12/28/51 97.05 5/27/5i! 91*. 30 12/12/52 100.17 5/19/52 99.17 1/19/53 99.16 12/11/52 98.30 12/26/52 12/10/52 1/27/53 1/2/52 12/12/52 1/19/53 maturity as more significant whan an Issue Is selling at or below par. Included in the arerage yield of long-term taxable Treasury bonds as shown under "Yields of Treasury and Corporate Bands'* For definition, see "Debt Outstanding", Table 3, footnote 1. All partially taz-exancpt except Panama Canal bonds, which are vhcUy taxexempt. Not quoted an January 30, 1953. Amount issued on February 2, 1953, ^ob $103 mlHion. Amount issued on February 2, 1953, was $30 nillllon. Excludes issues completely held by Farm Credit Admlnistratlaa agenolaa. The proprietaiy Interest of the United States in the Federal land banks ended on J^e 26, I9U7. Callable on I5 days' notice on August 1, 1953* March 195J ^7 .MAPKET QUDTATIOHS, JAHUARlf 30, 1953. YIELDS OF TAXABLE TREASURY SECURITIES, JAN. Based on Mean of Closing Bid and Ask Quotations 30, 1953 Treasury Bulletin hS _YIEtDS OF TREASURY AND CORPORATE BONDS. Table 1.- Average Yields of Long-Term Bonds by Periods (Percent per azmum) Treasury bonde preaeury bonda Partlaliy Taxable tax-exenpt 1/ 1/ grade corporate bcadB Period Annual eerlee - 19"^. 1943. 2.61 .19 .27 ,12 2.1(1 .92 19115. 19lt6. 2.7l> 2.26 ,77 2.05 2.09 1.98 1.92 1.66 1/ Monthly eerlee 2.55 ,1*2 2.71* May.. June. 2.30 2.31 2.33 July. Aug.. Sept. 2.31* 2.33 2.36 2.57 2.57 2.59 2.61 2.58 2.62 2 .85 2 .86 2 .81 Oct.. Hot.. 2.38 2.38 2.39 2.65 1/ 2.66 2.66 2.73 2.73 2.39 2.61* 2.1*0 2.66 2.78 2.73 2.80 Oct Hot Deo ,1*5 .1*5 ,1*5 ,1*1* ,1*1* 2 ,86 2 .85 Dec 19119 -Jan...., 2.1*2 Feb Mar 2.39 2.38 2.71 1951 -Jan.. Feb.. Mar.. Apr May June ... 2.38 2.38 2.38 2.70 2.71 2.72 Apr.. May.. June. 2.56 2.63 2.65 2.88 2.89 2.95 July... Aug Sept. . 2.27 July. Aug.. Sept. 2.93 2.22 2.66 2.60 2.59 2.63 2.21* 2.57 2.56 2.86 2.85 Oct Not .... Dec .... 2.22 2.20 2.19 2.59 2.56 2.55 2/ Oct.. Hot.. 2.61 2.66 2.70 2.92 2.98 3.03 Weeldy series 1952 -Aug. 2 9 16 23 30 Sept. 6 13 20 27 2.1*7 Dec. - aTerages of dally aeries for weeks ending 2.63 2.69 2.72 2.69 2.70 2.96 2.96 2.97 2.97 2.97 1952 -Oct. 2.67 2.69 2.71 2.75 2.96 2.96 2.97 3.02 Hot. 3... 10... 17... 21*... 31... 7... 11*... 21... 28... 191*8. aTerages of dally aeries 2.27 ,1*1* . . . 1950. 1951. 1952. 2.1*1* ^r.. ,1*1 . 191*9. 2.60 2.5* 2.77 July..., Aug Sept. . 191*7. 2.81 .1*1* tax-exeiqit 2.61* 2.51* 2.1*1* . 2.37 2.19 2.78 Partlallj 1/ 2.67 2.75 2.51* 2.81* . 2.1*7 2.1*8 2.2l* 2.85 2.1.5 . - 2.I16 2.20 2.1*5 Feb Mar Period boadjs 1950-Jan. Feb.. Mar.. 19118 -Jan Apr Ha; Jime . Taxablo 1/ TreaetOT' bonds Hlghgrade oorporate oalexblar year areragee of nonthly aerlea M 2.79 2.69 1935 1936 1937 1936 1939 19W> Partially tax-exempt 1/ 1952 -Jan.. Feb.. Mar.. Apr. May.. June. July. Aug.. Sept. Oct.. Rot. . Dec 1953 -Jan. Taxable 1/ Highgrade corporate bonds AVERAGE YIELDS OF LONG-TERM TREASURY AND CORPORATE BONDS Monthly Series27 O ffice of the Secretary of the Treasury F-220-K Treasury Bulletin 50 .INTERNAL REVHIUE COLLECTIONS. Table 1.- Summary by Principal Sources^ (In thousands of dollars) Fiscal year or month 194 194 194 194 194 194 194 194 195 195 195 2 3 4 5 6 7 8 9 0 1 2 1952-January.. February. March.... April.... May.... June... July... August... September October.. November. December. Total re ceipts from Internal revenue (Daily Treasury Statement) Individual income tax and employment taxes Adjustment of collections to Daily Treasury Statement Total internal revenue collections Corporation income and profits taxes 2/ 12,993,118 22,143,969 41,684,987 43,902,002 40,310,333 39,379,409 41,853,485 40,307,285 39,448,607 51,106,095 65,634,894 -36,797 -224,755 +1,565,477 +101,664 -361,589 +871,136 -11,051 -155,834 +491,482 +660,409 +625,502 13,029,915 22,368,724 40,119,510 43,800,338 40,671,922 39,108,273 41,864,536 40,463,119 38,957,126 50,445,686 65,009,393 4,744,083 9,668,956 14,766,796 16,027,213 12,553,602 4,769,509 6,062,723 10,640,963 5 ,034,852 4,490,907 9,992,383 3,413,233 4,408,351 6,710,598 3,150,106 4,512,766 5,962,982 -43,595 -908,271 +1 ,107,122 4,813,105 6,970,994 9,533,841 +7,401 -939,910 +1,199,593 -430,755 -988,280 +1,432,218 -550,7*1 -833,043 +1,595,082 5,027,451 5,430,817 8,792,790 3 ,843,988 5,396,631 5,278,380 3,700,847 5,345,808 4,367,900 807,468 310,611 5,912,713 1,277,897 350,539 5,659,129 957,770 356,938 2,441,771 927,471 352,262 2 , 785,165 9,676,757 10,174,410 11,553,669 10,854,351 14,387,569 21,466,910 Total Individual insane tax not vithheld 2/ 4,448,162 8,128,637 19,999,378 20,813,491 20,405,364 21,367,662 23,379,123 20,527,935 19,797,883 26,624,788 33,738,370 3 ,262,800 5,943,917 10,437,570 8,770,094 8,846,947 9,501,015 9,464,204 7,996,320 7,264,332 9,907,539 11,3*5,060 3,177,845 5,840,010 2 ,789,962 2,920,520 4,250,496 2 ,281,619 2,329,955 1,464,298 2,133,195 1,939,176 4,190,037 1 ,969,674 1,805,486 4,148,417 642,652 Individual income tax withheld 4/ Old-age Insurance taxes 4J Railroad retire ment Unemploy ment insurance 170,409 211,151 265,011 284,758 284,258 379,555 560,113 562,734 5*8,038 579,778 620,622 119,617 156,008 183,337 186,489 178,745 185,876 208,508 226,228 223,135 236,952 259,616 3,877 *2,713 106,72* 3,544 58,605 94,986 29,782 160,969 13,488 1 ,583,272 221,446 1,477,728 814,231 4,172,031 536,555 1 ,330,292 3,955,469 706,625 393,125 93,368 1,652,593 164,390 108,607 357,574 1,538,781 4,012,275 231,7** 1,633,657 3,967,879 190, 06* 3,026 69,755 84,574 686,015 7,823,435 10,264,219 9,857,589 9,842,282 11,533,577 10,055,502 9,888,976 13,089,769 17,929,047 895,336 1,131,546 1 ,290,025 1,307,931 1,237,825 1,458,934 1,612,721 1,687,151 1,873,401 2,310,750 3,584,026 Q3 *22? 58,282 94,209 3,412 14,976 2,279 4,243 14,639 763 4,147 13,6*9 806 Miscellaneous internal revenue Fiscal year or month 194 2 194 3 19**........ 19*5........ 1946........ 19^7........ 194 8 194 9 195 0 195 1 195 2 1952-January... February.. March... April... May..... June.... July.... August.... September. October... November.. December.. Total miscellaneous internal revenue Capital stock, tax Estate and gift taxes Liquor taxes Tobacco taxes Stamp taxes 79,978 79,466 72,828 84,648 93,107 84,995 400,505 732,335 1,075,402 1,430,428 1,489,929 1,550,842 1,655,711 1,752,792 1,720,998 1,842,598 1,947,276 152,924 122,996 123,586 6,711 5,674 5,762 236,183 261,563 .228,170 170,350 153,714 156,680 134,694 134,465 148,155 140,304 1^9,133 147,064 5,707 11,481 5,866 5,989 6,333 10.676 156,530 127,176 124,808 5,752 10,626 5,812 281,900 328,795 380,702 371,999 352,121 *32,540 447,496 511,210 643,055 676,832 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 1,597 1,723 6,138 266 - 779,291 899,345 796,538 706,226 729,730 833,147 2,474,756' 2,255,320 2,210,601 2,219,196 2,546,807 2,549,088 1 ,237,768 1 ,300,280 1 ,321,875 1,328,464 1,380,396 1 ,565,162 827,791 820,372 831,166 829,034 829,782 852.042 947.042 849,655 866,935 967,891 845,129 940,083 - 64,563 66,192 113,394 197,060 210,234 203,574 210,411 203,693 220,085 245,539 205,189 257,502 - - - 87,519 80,060 47,765 83,553 69,801 58,982 56,634 50,519 70,181 Sources Dally Treasury Statement for total receipts from internal revenue; reports by the Bureau of Internal Revenue for collections by type of tax. Detail by type of tax is available only on a collection basis. Receipts on the Dally Treasury Statoaent basis are compiled from the latest daily reports frcn Government depositaries; they do not coincide with amounts reported by the Bureau because of the lag in deposits of collections and because certain taxes are paid directly into the depositaries. 1/ Excludes collections far credit to certain trust accounts for island possessions; includes corporation Income tax on Alaska Railroad (re pealed by Public Ltat 386, approved June 10, 1952, for taxable years ending after that date). 2/ Includes excess profits taxes formerly shown separately as follow: unjust enrichment through 19*7 (thereafter these collections are in cluded under "Miscellaneous taxes"); declared value (repealed for years ending after June 30, 1946); Excess Profits Tax Act of 1940 a s 220,197 Miscel laneous taxes 852,065 670,012 728,694 1 ,206,616 1,414,717 1,939,621 2,119,157 2,220,7*4 2,245,182 2,840,690 2,8e*,*44 3,837,670 4,571,131 5,353,336 6,959,634 7,712,956 8,063,854 8,311,003 8,381,515 8,304,392 9,433,328 9,804,112 - Manufacturers' and retailers' excise taxes 239,073 242,988 273,081 267,765 252,931 223,3*0 248,432 267,606 312,925 151,629 157,095 157,090 203,892 166,268 169,371 215,492 120,663 206,161 (Title n of the Second Revenue Act of 1940, which was repealed for years ending after December 31, 1945). Includes also excess profits taxes on Army Navy contracts under the Vinson Act as amended (34 U.S.C. 496) and income tax on business income of exempt organiza tions, Imposed by the Revenue Act of 1951, approved October 20, 1951* l/ Monthly figures Include old-age Insurance tax an self-employment Income, which is levied and collected as part of the individual income tax beginning with the taxable year 1951. Fiscal year figures exclude this tax, on the basis of estimates beginning 1952, end it is included under "Old-age Insurance taxes". 4/ Withheld income tax and old-age insurance taxes on employers and em ployees are paid into the Treasury in combined amounts beginning January 1951, so that current collections are not separable as to type of tax. For fiscal years beginning 1951, the breakdown is estimated. 5/ Repealed for years ending after June 30, 1945. Beginning July 195°, included under "Miscellaneous taxes". March 195J 5i INTERNAL REVENUE COLLECTIONS. INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES DOLLARS^ Billions DOLLARS Billions _______■ ■ 1938 '40 ’42 ’44 Office of the Secretory of the Treosury. ’46 ’48 ’50 ’52 1938 ’40 ’42 i I I I I I I I I ’44 ’46 ’48 ’50 e ’52 B -165 -N Treasury Bulletin 52 .INTERHAL REVENUE COLLECTIONS. Table 2.- Detail of Collections by Type of Tax -l/ (In thousands of dollars) Fiscal year First 6 months of fiscal year Sixth month of fiscal year Type of tax 1952 (December 1951) 1953 (December 1952) 7,821,377 2,648,691 2,785,165 2 ,335,166 9 ,797,869 310,173 3*,709 2 ,769,656 11,57*,*01 313,137 38,2*7 309,629 274,604 84,482 1*7 357,57* 190,06* 9*,209 806 33,738,370 12,*77,917 1*,695,**2 668,862 642,652 638,523 750,591 364,621 382,570 76,008 69,157 91,207 82,556 9,035 7,098 610 1,024 172,362 1,574,*72 38,053 3,738 63,516 187,479 1,402,220 31,812 3,753 68,621 103,811 7*5,0*8 18,109 2,195 33,204 111,288 860,355 17,*57 2,25* 39,068 20,795 108,388 2,58* 565 6,321 25,930 120,5*3 2,572 586 7,363 9,161 12 1,090 14,921 12 665,009 4,462 15,249 28 1,285 12,080 99,262 722,150 5,148 10,646 17 714 6,619 18,633 361,478 3,556 12,200 13 *77 7,025 27,57* 400,447 3,857 2,176 2 85 843 12,267 52,925 267 189 2 -429 1,473 126 61,779 ____ 63_ Total liquor taxes................................. 2,546,807 2,549,088 1,304,029 1,482,016 207,216 220,197 Tobacco taxes: Cigars (large)............ . Cigars (small).............. Cigarettes (large).......... Cigarettes (small).......... Snuff..................... Tobacco (chewing and smoking)... Cigarette papers and tubes.... Leaf dealer penalties, etc.... Cigarette and cigar floor taxes. 44,220 56 7 1,293,966 7,235 33,870 l,o4i l l 44,760 50 12 1,474,060 *,796 22,817 913 2 17,752 22,728 2* 4 70*,643 2,759 13,899 5H 1 3,774 23,698 25 5 810,169 1,844 8,712 37* 1 187 2,776 2 1 94,125 331 1,107 69 2,675 3,295 4 1 119,788 322 1,177 47 • 174 1 ,380,396 1,565,162 7*8,3*3 845,015 101,086 124,808 84,784 8,222 100 77,556 7,353 86 *0,127 3,5*8 5* *1,273 3,89* 22 6,215 511 __ 3_ 5,137 672 __ 3_ 93,107 84,995 *3,729 45,188 6,729 5,812 97,238 569,048 198,383 121,285 653,363 119,475 93,184 121,996 30,284 128,187 7,007 10,756 95,286 713,174 161,362 147,445 578,149 164,135 53,094 89,544 30,736 118,244 6,880 9,*12 *1,531 335,526 85.536 58,683 286,57* 67.537 *7,*88 *1,801 12,042 51,320 *,696 *,553 38,53* *73,890 88,684 99,076 310,278 90,759 6,103 53,149 14,091 12,157 66,298 18,759 6,160 7,979 1,036 13,72* 645 1,055 6.939 76,366 18,218 23,602 67,604 18,373 96,319 10,169 44,491 46,020 57,970 8,032 *8,515 33,766 16,501 10,679 1,172 ____ 28,278 *,021 22,891 22,699 10,636 6,155 646 6 *0,537 4,688 25,727 14,*56 7,3*8 7,181 *71 6,062 2 , 3*8, 91* 1 ,132,618 1 ,352,810 1951 1952 1952 Corporation Income and profits taxes 2/. 1*,387,569 21,466,910 7 ,1*8 ,55* Individual Income tax and icplojrmant taxes: Tnrire tax not withheld ± / ..... .......... Incase tax withheld and old-age Insurance 4/. Railroad retirement.................... Unemployment insurance....................... 9,907,539 15,900,519 579,778 236,952 11,545,060 21,313,072 620,622 259,616 26,624,788 Total Individual lnccae tax end employment taxes. Miscellaneous Internal revenue: Estate tax. Gift tax... Liquor taxes: Distilled spirits (Imported, excise)............... Distilled spirits (domestic, excise)............... Distilled spirits, rectification tax............... Vines, cordials, etc. (Imported, excise)............. Wines, cordials, etc. (domestic, excise)........... . Dealers In distilled spirits; rectifiers; manufacturers of stills (special taxes)....................... Stamps for distilled spirits Intended for export...... Case stamps for distilled spirits bottled In bond..... Container stamps................................ Floor taxes.................................... Fermented malt liquors........................... Brewers; dealers in malt liquors (special taxes)...... Total tobacco taxes. Stamp taxes: Bends, Issues and transfers of capital stock, deeds of conveyance, etc.............................. Playing cards............................... Sliver bullion sales or transfers.................. Total stamp taxes. Manufacturers* excise taxes: Lubricating oils........................ . Gasoline..............................!!!!!! Tires and tubes........................ Automobile trucks and busses... Other automobiles and motorcycles............. ...... Parts and accessories for automobiles........ !!!!!!!!!! Electrical energy j/.......... ........... ....." Electric, gas, and oil appliances............!!!!!!!!! Electric light bulbs and tubes........... ..!!!! Radio sets, phonographs, television seta, components," etc! Phonograph records.......................... Musical instruments..... ............ ..... Mechanical refrigerators, alr-condltloners" quick-freeze"" units, etc.............................. Matches........................... !!!!!!!!!!!!!!!!! Business and store machines................ ) Photographic apparatus..................... "_ Sporting goods......................... .!!!!! Firearms, shells, and cartridges...................., Pistols and revolvers..................... .” Mechanical pencils, pens, aai lighters 6/.” ” ” ” ” ” ’*]’ Total manufacturers' excise taxes. Footnotes at and of tablo. 17,862 17,846 762 2,383,677 (Continued on following page) 1953 52,757 16,392 67,555 2,980 5,*37 3,150 780 3,869 3,389 3,63* 559 118 _____ 6_ 216,661 11,853 3,333 18,635 626 1,166 7,019 767 5,107 2,501 1,031 856 95 1,886 265,977 .INTERMAL REVENUE COLLECTIONS Table 2.- Detail of Collections by Type of Tax j j . (Continued) (in thousands of dollars) Fiscal year Type of tax First 6 months of fiscal year Sixth month of fiscal year 1952 1953 (December 1951) (December 1952) 1951 1952 57,60k 210,239 82,831 106,339 51,k36 220,k03 90,799 112,892 20,609 95,k03 k0 ,6k5 5k, 110 20,822 102,lk5 k3 ,7k2 53,k8l 6,52k 16,871 6,759 8,97k 7,259 21,217 S,0k0 10,k32 k57,013 k75,530 210,767 220,189 39,128 k6,9k8 80,192 35k, 660 290,320 2k,9k6 237,617 381,3k2 9,569 3k6,k92 k2,6k6 30,120 3,610 20,731 78,k73 395,k3k 310,337 26,881 275,17k 388,589 10,211 330,782 k5,k89 33,592 3,597 18,823 k2,759 197,k92 lk5,362 12,925 lk2 ,26k 198,560 k,905 189,225 23,k27 15,068 3,017 16,651 k3,601 215,998 182,k3k lk, 182 152,352 211,576 5,308 173,828 23,896 17,081 2,922 lk,5k3 6,29k 28,385 21,12k 1,531 17,572 29,8k6 701 26,182 3 ,k82 2,lk5 60 1,87k 7,812 k9,300 k2,983 -k35 25,165 kl,300 7kl 27,160 k,392 2,783 69 283 11 866 19,088 9 381 k 915 15,205 29 7,138 5,3^5 1,261 2 399 7,828 k 180 583 132 2 klk 9,777 5 7,725 5,723 k8l # k9 1,168 • 176 557 -6 l,8k2,598 l,9k7,276 1 ,000,78k l,08l,8k8 lkl.lko 206,161 9,k33,328 9 ,80k, 112 k,813,925 5,kl6,735 788,578 9kO,o83 50,kk5,686 65,009,393 2k,kk0,395 27,933,55k k,106,130 k,367,900 +660,k09 +625,502 •*203,162 +22k,k8l +1,315,233 +1,595,082 Total receipts from internal revenue (Daily Treasury Statement). 51,106,095 65,63k,89k 2k,6k3,558 28,158,035 5,k21,363 5 ,962,982 Source: Dally Treasury Statement for total receipts from internal revenue; reporta by the Bureau of Internal Revenue for collections by type of tax. Detail by type of tax is available only on a collection basis. Receipts on the Dally Treasury Statement basis are compiled from the latest daily reports from Government depositaries; they do not coincide with amounts reported by the Bureau because of the lag in deposits of collections and because certain taxes are paid directly Into the depositaries. 1/ Excludes collections for credit to certain trust accounts for island possessions; includes corporation income tax on Alaska Railroad (repealed by Public Law 386, approved June 10, 1952, for taxable years ending after that date). 2/ Includes excess profits taxes on Army and Navy contracts Imposed by the Vinson Act as amended (3k U.S.C. k96), and Income tax on business Income of exempt organizations, Imposed by the Revenue Act of 1951, approved October 20, 1951. . Includes old-age Insurance tax on self-employment income, imposed by the Social Security Act Amendments of 1950 (Public Law 73k), approved August 28, 1950. The tax is levied and collected as part of the Individual income tax beginning with the taxable year 1951* For estimated fiscal year breakdown, see Table 1. k/ Beginning January 1951, withheld income tax and social security employment taxes on employers and employees are paid into the Treasury in combined amounts without separation as to type of tax, pursuant to the Social Security Act Amendments of 1950. For estimated fiscal year breakdown, see Table 1. 5/ Repealed, effective November 1, 1951, by Revenue Act of 1951. Be ginning July 1952, included with other repealed taxes under "Miscel laneous taxes". 6/ Effective November 1, 1951, under Revenue Act of 1951. j j Applies to diesel oil used in highway vehicles; effective November 1, 1951, under Revenue Act of 1951. * Less than $500. 1952 1953 Miscellaneous internal revenue (continued): Retailers' excise taxes: Miscellaneous taxes: Telephone, telegraph, radio, and cable facilities..... Transportation of oil by pipe line.............. . Adulterated and process or renovated butter, and filled Diesel oil j j .................................... - All other, including repealed taxes not shown separately Total miscellaneous internal revenue................... Total internal revalue collections....... ...... ........... 71 2,316 l,k60 916 -15k Treasury Bulletin _______ MO H E T A RY S T A T I S T I C S _______ Table !•- Money In Circulation (In mUllcna of dollars except as noted) Paper money Bad of fiscal year or month Total money in circula tion i/ Total paper money Gold certif icates 2/ Silver certif icates Treasury notes of 1890 1/ 1 1 1 120 11* 106 99 93 86 81 77 1 316 2*,807 232 79 315 316 318 317 322 31* 305 2*,580 2*,870 2*,971 25,18* 25,733 25,9*1 25,335 218 217 215 21* 212 210 208 77 77 76 76 76 75 75 52 50 *8 *5 *3 *1 39 38 1,651 2,025 2,061 2,061 2,061 1 1 1 1 1 2,177 2,092 2,088 1951-December........... 29,206 27,532 38 2,079 1952-July............... 28,978 29,293 29,*19 29,6** 30,236 30,*33 29,690 27,292 27,598 27,71* 27,922 28,*97 28,683 27,968 38 38 37 37 37 37 37 1 1 X 1 1 1 1 Coin Total coin Standard silver dollars Rational bank notes */ 527 *6* *06 353 309 27* 2*3 221 25,5*1 26,9*5 26,9*2 26,482 26,03* 25,661 26,231 27,3*8 Kid of flsoal year or month Federal Beserve Bank notes */ 22,867 23,973 23,999 23,600 23,209 22,760 23,*56 2*,605 26,7*6 28,2*5 28,297 27,903 27,*93 27,156 27,809 29,026 1953-January p........... Federal Reserve notes 323 317 320 321 319 321 318 318 19*5................... 19*6................... 19*7................... 19*8................... 19*9................... 1950................... 1971................... 1952................... 2,063 2,080 2,095 2,093 2,115 2,105 2,006 United States notes Subsidiary silver Minor coin Money in circulation per capita (in dollars) 2/ 19*5.................... 19*6.................... 19*7.................... 19*8.................... 19*9.................... 1950.................... 1951.................... 1952.................... 1,205 1,300 1,355 1,*21 1,*59 1,*96 1,578 1,678 125 1*0 1*8 156 16* 170 180 191 788 8*3 876 919 9*0 965 1,020 1,093 292 317 331 3*6 355 361 378 393 191.61 199.76 196.33 190.31 18*.33 179,03 180.17 18*.86 1951-Dacamber............ 1,65* 189 1,073 392 187-52 1952-July............... 1,686 1,695 1,705 193 195 196 1,097 1,102 1,108 396 398 *01 1,722 1,739 1,750 1,722 197 197 199 198 1,121 1,135 1 ,1*1 1,117 *0* *07 *10 *06 18*.26 185.98 186.*7 187.61 191.09 192.08 187.13 Sourcet Circulation Statcant of Halted States Money. l/ Kxolndee money held 'kj the Treasury, money held by or for the account of the Federal Reserve Banks and agents, and coin estimated, to he held outalde the continental 11*1ts of the United States. inclines paper currency held outalde the continental Units of the Hi1ted States. 2/ Gold certificates were withdrawn frc« circulation in 1933. 3/ Treasury notes of 1090 In circulation are being canceled and retired upon receipt by the Treasury. */ Federal Reserve Bank notes and national bank notes are covered by deposlta of lawful money and are In process of retirement. 2/ Baaed on latest population estimates by the Bureau of the Census, p Preliminary. March l%y 55 .MOHETAFY STATISTICS . Table 2.- Monetary Stocks of Gold and Silver (Dollar amounts In mllllonB) Sold End of fiscal year or month igltj 20,213.0 20,269.9 21,266.5 23,532.5 ISkk i.9^1 191*8 19't9 Ratio of allrer to gold and silver In monetary etocks ( In percent) Silver ($1.29+ per fine ounce) (»35 per fine ounce) 2l.,U66.3 2lt,230.7 3,685.8 15.1* 3,508.l> H.8 3,525.7 3,571.0 3,618.3 1A.S 13.2 12.9 1950 1951 1952 23,3'»6.5 3,671.5 3,718.5 3,768.5 13.2 Ht.6 13.9 1951-Dec ember, 22,695.5 3,71*1.3 lU.2 1952 -July Augus t . September. 23,350.5 23,3Wi.U 23,3112.0 3,773.3 3,777.8 3,781.2 13.9 33.9 13.9 23,339.3 23,337.5 23,187.1 3,785.1* llt.O 3,789.1 11*. 3,79l*-l lU.l 22,985.6 3,796.1 11* 21,755.9 . . Oc tober . November. December. . 1953 -January p. Source: Circulation Statement of U. S. Money; Dally Treesury Statement for preliminary figures. For detail of silver monetary stock, see Table 1*. p .2 Preliminary. Table 3.- Gold Assets and Liabilities of the Treasury ( In mlllioQB of dollars Llabllltlea of calendar yoar or month Jtod Gold assets Gold certificates 1/ 20,061*. 191*5 191*6 17, 911*. 18,1*30.5 191*7 20,529.0 22,753.9 191*8 21*, 21*3 .9 191*9 21*, 1*27.1 1950 1951 1952 22,706.1 22,695.5 23,187.1 21,1*97.5 23,350.5 22, 181*. 23,31*1* 22,181*. 22,a81i.3 1952 -July Augimt. , . September October. . November . December. 1953 -January p. .1* 23,31*2.0 23,339.3 23,337.5 23,187.1 22,985.6 Source: Circulation Statement of U. S. Money; Dolly Treaaxn^y Statement for preliminary figures 1/ Comprises (1) gold certificates held by the public and in Federal Eeeerve Banks; and (2) gold certificate credite in (a) the gold certificate fund - 21,5W*.0 23,010.0 23,217.9 21,506.5 22,022.8 22,176.8 22,182.3 22,022.8 21,827.'* 2/ y p Gold reserve against U. S. notes, etc. 2/ 156.0 156.0 156.0 156.0 156.0 Exchange StabUizatioD Fund y 1,800.0 1,800.0 Gold in GenercLl Fund 191*. 11*2.1* 1,053.9 1,077.9 1,053.2 156.0 156.0 156.0 1,052.6 1,032.9 1,008.2 156.0 156.0 156.0 1,010.1* l.OOlt.l 156.0 156.0 156.0 156.0 1,006.5 999.2 1,008.2 1,002.2 1,001.7 Board of Governors, Federal Reserve System, and (b) the redemption fund - Federal Reserve notes. Reserve sgainst Ubitad States notes and Treasury notes of I89O. Excludes gold in active portion of Exchange Stabilization Fund, Preliminary Treasury Bulletin 56 .MONETARY STATISTICS. Table 4.- Components of Silver Monetary Stock (In millions of doHare) Silver held In Treasury End of calendar year or month Securing Bllvar certiflcatee l/ Silver bullion 2/ 19U6 l?"*? 191*8 19't9 1952 -July Al^ust. September . Oc tober . . NoTember . December. 1953-J«iuary p Bullion for recolnage kj 10.2 ll*.0 13.1 5.9 ll.U 2,073.5 2,109.7 337.2 328.1 321.9 312.8 301.0 289.3 3.6 1.7 3.9 95.1 82.0 2,095.2 2,098.5 2,101.8 295.5 293.6 292.7 6.6 11.9 9.2 6I1.5 2,10ll.3 291.7 290.0 289.3 289.1 lt.6 51.1 3.7 3.9 1*8.7 I15.3 8.0 ll2.lt 2,107.1 2,109.7 2,113-3 Silver dollara 1/ 185.6 93.1 91.1 89.3 9l1.l1 I15.3 58.1 53.8 Circulation Statement of U. S. Money; Dally Treaaury Statement for certain preliminary figures. Valued at $1.29+ per fine ounce. Includea Bllver held by certain agencies of the Federal GoremiKnt (aee Dally Treasury Statement for amount). Doee not Include silver lendleaaed to foreign goTemmanta (these traneactlons all took place during the fiscal years 19I12 through I9I16; see 19I16 Annual Eeport of the Source: i^ Bullion at cost 2/ 3''3.l* S, 01*0.7 1950 1951 1952 Subsidiary coin i/ 356.lt 1,703.9 1,911.2 1,937.6 1,971.5 2,003.8 19'>5 Silver dollars Silver outside Treasury Total silver at $1.29+ per fine ounce In General Fund i/ k/ p Secretary of the Treasury Valued at $1.3&+ per fine Valued at $1.3&+ per fine to whether the bullion Is coins or for recolnage of Preliminary. Subsidiary coin i/ 137.5 150.1 156.3 165.0 171.0 8ii6.7 3,512.8 901.1 928.7 971.5 982.2 3, 5111.2 179.8 1,022.2 1,083.1 1,158.1 191.3 202.5 3,5117.9 3,596.7 3,6lt3.1 3,697.1 3,7111.3 3,7911.1 196. Il 198.3 1,119.11 199.2 1,1311 -5 3,773.3 3,777.8 3,781.2 200.2 201.9 202.5 202.6 1,1115.2 3,785.11 1,150.6 1,158.1 1,159.6 3,789.1 1,125.1 3,7911.1 3,796.1 for amounts), ounce. ounce or at $1.29+ per fine ounce according held for recolna^e of subsidiary silver standard silver dollars, Table 5.- Silver Production In the United States and Acquisitions by Mints and Assay Offices Jj (In mllllone of ounces or dollara) CeLlendar year or month 19lt5 19I16 Sliver production in United States Silver acqxilsitlons by mints and aasay offices Newly mined domestic silver 2/ Foreign silver I9I17 19I18 29.0 21.1 38.6 39.2 I9I19 311.9 36.8 33.0 29 1950 1951 1952. Ug.3 I11.3 37 liO.O 36.1 32 llO.S 111. 37 .6 I1.9 30.3 li.ii 27. li !t/ 3.8 March 3.9 3.9 3.7 3.9 April May June ...... k.O 3.3 3.3 3.7 3.2 2.8 July 3.3 2.3 3.2 3.8 3.5 2.6 3.ii August. . ., September, October.. November., December, 3.7 3.0 3.1 3.3 3.0 2.6 3.5 3.5 3.I1 3.5 3.I1 2.9 2.5 3.2 2.I1 2.9 3.9 Source: Annual figures fTcm the Bureau of the Mint. Monthly figures on U. S. silver production flSan releases of the American Bureau of Metal Statistics; these will not a^ree with the annual figures, 1/ For Information on silver production In other countries, see annual reports of the Director of the Mint. Data from 1933 through 19I1I are summarised tn the "Treasury Bulletin" for August 19I13, page 7^. 2/ Acquired at 71.11 cents per fine ounce from July 1, 1939 to July 2, 19ll6; y 33 1952 -January... February . 3.I1 ^ i/ k/ and at 90.5 cents per fine ounce since July 2, 19I16. No foreign silver has been pinrchased under the Silver Purchase Act of I93I1 since May 19ll2. Includes 0.2 million ounces valued at 71.11 cents per fine ounce totalling $0.2 million, and 30. 1 million ounces valued at 90.5 cents per fine ounce totalling $27.2 million. March 195J 57 .MOHET.AEY STATISTICS . Table 6.- Seigniorage on Silver (CimulatlTo from January 1, I935 - In mllllona of dollars) Treasury Bulletin 56 .CAPITAL MOVBffiHTS. Data relating to claims on foreigners and liabiliand capital movements between the ties to foreigners, United States and foreign countries, have been collected the data for January 1950. Attention Is called to tne fact that although the grand total figures on the revised since 1975. pursuant to Executive Order 6560 of January I5, reporting basis are reasonably comparable with those for preceding months, data for Individual countries In some an'3 Treasury regulations thereunder. Information covering the principal types of data and the principal coverage and geographical classification. 193'*^. Instances are not comparable because of certain changes In countries Is reported each month by banks and bankers and securities brokers and dealers In the United States. This The supplementary Information, contained In Section IV, Information Is published regularly In the "Treasury Is presented In three tables appearing at different times. Bulletin". Table 1 gives data by countries on short-term claims on and Supplementary Information Is published at lees frequent Intervals. All reports are made Initially to the liabilities to foreigners as reported quarterly by exporters, Federal Reserve Banks, which forward oonsolldated figures importers, and Industrial and commercial concerns In the to the Treasury. United States. This Information was published for the first time In the October 19^9 Issue of the "Treasury Bulletin" The term "foreigners" as used In these reports covers States and begins with data for September 30, 191+6. Table 2 supplies Information by countries on long-term claims on domiciled outside the United States, as well as and liabilities to foreigners as reported by banks and all Institutions and Individuals (Including United citizens ) International organizations, wherever domiciled, treaty or convention between sovereign states. created by "Short-term" refers to original maturities of one year or less, and "long-term" refers to all other maturities. A detailed discussion of the reporting coverage, bankers In the United States. first time In the December This table appeared for the 19'f'9 Issue. Data are for the end of the calendar year beginning with 1942. Table 3 gives Information on short-term liabilities to countries basis of reporting, not regularly reported separately by banks and bankers. and derivation of capital movements figures appeared In This table appeared for the first time In the April I95O the April 1950 Issue of the "Treasury Bulletin', pages 50-52. Issue. The data have been requested at Irregular Intervals, Revised report forms and regulations became effective with the earliest date being October 19'+3- Section I - Summary by Periods Table 1.- Net Capital Movement between the United States and Foreign Countries ( In thoueandB of dollare : negative f 1^u2^b indicate a net outflow of capital fi-om the United States AnalTBlB of net capital mcreoent In: Calendar year or month Net capital QOTement Short-term banking funde Brokerage balances Trans actions 59 starch 195) .CAPITAL MOVEMENTS Section - 1 Summary by Periods Table 2.- Short-Term Claims on and Liabilities to Foreigners (Poaltlon at end of period in thouBanda of dollara) Short-tenn claims on foreigners Short-term liabilities to foreigners Not of calandBT year or month l^d. in foreign currencies 19^*2... 19Wt... 19^5... 19''6... V^%. . 19^9... 1950... 1951. 1952 p. , ban]£B 30,916 3'*,387 86,378 11*3,709 137,161* 329,691* 5^,603 105,1*21 169,670 392,766 708,253 '*7,'*89 100,267 319,639 21*5,010 290,1*95 91*8,936 165, "tsg 292,866 361,197 222,719 151,115 1*90,631 72,01*8 98,119 100,371 827,851* 110,801* 21*0,583 91,808 77,501 968,1*1*3 1,01*2,978 in 177,21*6 557,132 331 506,268 699,389 122,866 81*2,611 1*9'*, U,205,389 foreign currencies 5,371*, 903 1*, 5,596,775 6,883,068 '',356,501 ll, $1*6, 621* 668,168 1,222,580 1,218,633 1,910,898 6,1*80,262 lt,693,9U 7,116,1*19 It, 809,21*5 7,717,960 7,617,959 8, 61*1*, 775 1/ 9,302,200 10,501,621 3,523,328 131*, 1*12 5,209,820 5,073,586 5,503,872 5,382,062 13,893 17,911 2,257,510 1*9,661* 6,167,1*83 6,699,260 6,790,105 3,81*7,912 1*, 618,1*29 70,389 51,039 1*1*, 911 72,226 58,908 3,911,298 3,876,189 3,933,153 105,981* 130,1*93 131,711* 8,222,538 lt,057,706 121,761* 8,563,1*99 1*, 99,578 81*, 532 8, 911*, 1*97 9,328,851 1*, 9,567,763 9,655,737 2,1*37,751 2,1*93,33'* 3,095,992 i 79,562 961*, 1*38 70,1*1*8 177,539 162,975 738,910 731,015 9,392,277 7l*,887 I87,'tl5 71*2,068 9,'t73,326 5,1*08,1*59 1,019,686 1,038,656 1,029,603 7l*,rLl 151*, 616 81,659 73,376 11*1,258 790,959 815,739 9,583,185 9,953,153 5,1*03,715 5,689,61*2 136,653 819,57'* 10,01*1,111* 5,717,921 163, 933 l*,238,66l July August September.. 1,026,209 1,066,320 1,023,375 61*, 913 126,821 83l*,l*75 5,752,221* l*,523,l*l*8 7l*,l*27 11*9,1*38 81*2,1*55 5,79l»,081* 70,206 139,718 813, '*51 10,355,060 10,525,207 10,705,635 5,831,960 669,037 4,808,016 79,388 62,086 65,659 Octohor. 1,018,652 1,016,291 7lt,682 122,178 121,162 122,866 821,792 828,189 10,586,1*15 5,71*8,925 '•,773,038 61* ,1*52 5,929,828 i.,68l,2l*8 5,82li,281* 1>,618,U29 60,952 58,908 , . Noramher p. December p. 66,91*0 77,501 1,01*2,978 81*2, 6U 10,672,028 10,501,621 Beginning 1950, includes certain deposit balances and other assets which are held in specific trust accounta but iriilch previously had been excluded frciii reported liabilities. p 5,116,971* 1,71*5,722 996,011 AprU. 3,958,716 5,267,081 1,001*, 370 May... June. Ities 6,1*90,302 5,201,267 5,385,595 Fetruaxy, March.... liabU- 25,51*6 1*0,629 ] 5,821*, 281* ehort-tentt 21,61*1 9,218,51*9 1952 -January . 1/ Payable Deposits of foreigners 257,929 1,018,700 Payable In dollars Loans to foreign 21*6,673 897,966 . Payable in dollars Payable 5,772,009 7,71*6,809 ] ' 8,333,757 9,1*58,61*3 8,1*27,839 8,1*68,956 9,011,511 9,1*58,887 9,682,260 9,1*58,61*3 Preliminary. Table 3.- Net Movement of Short-Term Banking Funds (In thousands of dollars; negative figures indicate a net outflow of capital frcm the United States) Short-teim liabilities Short-term claims Calendar year or month in foreign currencies 1935-1*1. 191*2 191*3.... 736,307 97,503 -11,256 -71,765 -63,072 307,187 15,933 -3,1*71 6,lt09 1*22,711 60,899 6,545 -32,506 -75,340 -19,Olt3 7,111* 5,151* -315,'*87 -2'*0,683 -69,761* 130,81*6 -50,630 -67,320 65,068 -219,372 26,773 -68,331 -10,1*33 1950.... 1951. . . 1952 p.. -76,233 -129,779 138,1*78 65,1*83 -70,1*77 11*8,775 -26,131 -71*, 535 lit, 307 511,380 1952 -January.. February. March,,., -27,568 31,573 -39,932 12,21*6 9, lilt ll*,56lt -l*,lt39 -2lt,ltl*0 April. Hay... June.. -15,316 -18,970 9,053 776 -7,51*8 32,799 13,358 8,283 July August.,.,. Septonber., 191*5.... 19'*6 191*7.... 191*8 191*9.... October. , . Hov ember p, December p. 1/ See Table 2 footnote 1, 3,39'* 8,463 -1*0,111 1*2,91*5 -9,511* 1*,221 723 -lt,li76 It, 2,36lr -26,687 7,7'*2r -10,561 of foreigners 20,671 330 -lit, Payable in foreign currencies Deposits Loans to foreign banks -20,216 191*1* Payable In dollars Payable in dollars Payable 3,034,615 485,670 1,179,314 220,359 1,279,375 -418,422 636,207 601,541 -100,001 l,026,8lS 1/ 657,425 1,199,421 -45,485 -200,136 -66,501 62,801 -11,937 -193,121 -143,222 2,806,001 105,607 620,884 220,576 583,205 -268,854 115,384 400,575 -136,234 430,286 1/ -121,810 442,222 266,156 385,365 554,412 -3,947 692,265 -164,651 511,788 180, 241 55,583 602,658 1/ 751,920 770,517 -37,542 -5,102 4,018 3,730 3,905 15,083 9,035 20,725 -19,350 -6,128 27,315 -13,318 Het movement of short-term banJclng funds 3,770,922 583,373 1,168,058 148,594 1,216,303 -733,909 395,524 531,777 90,845 950,583 1/ 586,948 1,124,886 -39,521 7,895 -11,053 -83,651 173,728 81,049 -180,795 184,328 22,864 63,386 -35,109 56,964 33,758 24,509 1,221 -111,219 205,301 41,117 -48,891 -24,780 -3,835 109,859 369,968 87,961 -4,744 1*,605 285,927 28,279 124,553 106,227 74,728 -9,950 -22,186 -15,046 94,543 350,998 97,014 9,832 -22,617 9,720 -14,901 -7,980 29,004 313,946 170,147 180,428 34,303 4l,86o 37,876 284,787 145,589 138,979 -5,144 -17,302 3,573 317,340 130,036 223,373 -119,220 85,6l3r -170,407 -83,035 l80,9O3r -105,544 -293 17,540 l,0l6r -1,701* -8,341 -6,397r -14,422 p r Preliminary, Bevised. -34,978 -91,790r -62,819 -1,207 -3,500r -2,044 -114,497 87,974r -197,094 60 Treasury Bulletin .CAPITAL MOVaiENTS. Section I - Summary by Periods Table 4.- Purchases and Sales of Long-Term Domestic Securities by Foreigners (In thouaanda of dollars; negative flgiirea indicate a net outflow of capital from the United States) Calendar year March 195) 61 _CAPITAL M0V3MKHTS. Section II - Samnary by Countries Table 1.- Net Movement of Capital and of Short-Term Banking Funds (In thousandB of doUare; negatlTe figures Indicate a net outflow of capital from the United States) Set capital movement Country 1952 August September Europe: Auetrla Belgium CzechosloTakia Denmark Finlani France Germany Greece Italy Netherlands . . 8,703 1^1 28 8,140 2,267 . Norway Poland Portugal Runaola Spain Sweden Swl tier land. 13,608 -5,l>03 237 6,093 973 55,126 8,666 -8,661i 26,81*2 703 360 6,881 51,909 2,1(86 Ul.,&.5 5,026 -2,086 3,509 3,139 -888 1,547 2 -19 1,733 1,500 United Elngdom. TugoslaTla Other Europe 7,707 657 69 -8,379 -1,613 1,381 508 11,317 2,967 29,8lU Total Europe ... 133,213 11(6,565 2lt,H6 6,872 . . D. S. 3. B . . -2,1(96 1(36 Latin Aoerlca: Argentina. BollTla. Brazil.. .. Chile Colombia. -2,8oli 1,132 -15,682 7,127 8,591 . Cuha DcEmlnlcan Republic Guatemala Mexico Netherlanda West Indies and Surinam Peru Republic of Panama El Salvador Uruguay Venezuela Other Latin America. . . . Total Latin America. . . 22,201t -1,1?2 -1,058 13,236 6,636 l,lt90 1,07't 723 -61(7 30,1(47 -1,554 5,242 -2,297 -3,039 -1,502 -4,310 2,357 -1,828 928 -4,816 -2,103 3,65^ -22,126 -1,006 46,873 169 19,2lt3 66,044 161 3,739 1,068 -5,690 -38,387 2,366 2,089 882 -24,022 -702 Aflia: China Mainland Formosa Hong Eong India Indonesia Iran Israel -1,378 2,787 15,M>0 43 8,738 -3,988 -6,402 31,927 288 13,6l4 Turkey Other Asia -19,982 -2,617 -19,655 (2,615 Total Aala -36,362 39,757 35,768 10,075 -27,271 6,974 -12,91(3 3,500 5,596 -13,480 -1,736 1,899 •1,996 -33,614 Japan Phlllpplnee Thailand Other countries: Australia Belgian Congo Egypt and AngloEgyptian Sudan Union of South Africa Other Total other countries International Grand total -21|1 7,669 189,905 62 Treasury Bulletin .CAPITAL MOVEMENTS. Section II - Sununary by Countries Table 2.- Net Movenent in Brokerage Balances and Long-Term Security Transactions by Foreigners (in thouaazuls of dollare; negative flguroe Indicate a net outflow of capital from the United States or net sales by foreigners) I March mj 63 .CAPITAL MOVBffiNTS Section II - Sumnary by Countries Table 3.- Short-Tern Clalns on and Liabilities to Foreigners Treasury Bulletin 61^ .CAPITAL MOVIMENTS Section II - Summary by Countriee Table 4.- Foreign Debit and Credit Balances In Brokerage Accounts {Position at ond of montii in thouflands of dollare) 65 March 195) .CAPITAL MOVUfflNTS. Section III - Details for Month of October 1952 Table 1.- Short-Term ClaimB on Foreigners [Position at end of month In thousands of dollars) Short-term clalme payable In dollars Total shorttenn claims Countx7 Euro pa: Austria Bel^lim CzechoaloraJcia Deimark Flnlaul l,00ll 1,001* 13,2'»9 13,001 2 2,771 3,810 5 • ....«•. , France 2,83U 3,813 9,1*30 27,990 G«niian7 Greece Italj Loans to: Foreign banks and official Institutions • NetherlBXVls Hoxvaj Poland Portugal Rinaanla Spain Sweden Svlt£arland S United Klnsdcm 7,566 26,809 192 16,390 2,739 192 15,795 1,670 1,595 30 461 2,1*48 30 508 6 12,566 11,390 3,336 7,950 3,149 5,256 35,822 3 U. S. S. Yugoslavia Other Europe e,0lt7 3,79'' 16,952 8,046 3,635 Total Europe 151,375 123,915 73,661 34,966 8,111 6,216 356,222 18,281* 6,8r3 6,216 356,159 18,228 Canada Latin America: Argentina Bolivia Brazil Chile Colombia Cuba Dominican Republic Guatemala Mexico Netherlands West Indies and Surinam Peru Republic of Panama El Salvador Uruguay Venezuela Other l^tin America. 3U,851 3'*,663 36,129 1,605 3,169 88,393 35,866 1,603 3,169 85,803 1,170 11,671 U,604 33,109 13,850 638,586 633,536 2,639 2,633 7,450 790 2,536 875 l'*,303 . . Total Latin America.... Asia: China Mainland Formosa Hong Kong India Indonesia 1,169 4,361 7,140 14,285 32,574 13,823 363 7,lto It, 7,'>50 862 3,503 375 Iran laxael Japan Philippines Thailand 10,060 18,690 12,582 3,367 10,052 18,689 12,571 6,365 3,367 Turkey Other Asia 51,010 15,303 51,010 14,805 Total Asia 132,782 131,11*3 Australia Belgian Coi^o Egypt and AngloEgyptian Sudan Union of South Africa,. Other 8,677 7,173 6,721 2,338 3,965 470 2,217 3,825 Total other countries.. 22,2101 20,406 6,1141 Other countries: 6,7't2 522 International Grand total 1,018,652 Treasury Bulletin 66 .CAPITAL MOVBffiHTS. Section III - Details for Month of October 1952 Table 2.- Short-Term Liabilities to Foreigners (PoBltion at end of month In tbouaanlB of dollare) 67 March 195) .CAPITAL MDVDffiMTS. Section III - Details for Month of October 1952 Table 3.- Purchases and Sales of Long-Term Securities by Foreigners Treasury Bulletin 68 .CAPITAL MOVmENTS. Section III A - Preliminary Details for Month of December 1052 Table 1.- Short-Term Claims on Foreigners starch 195) 69 .CAPITAL MDVBIEHTS. Section III A Preliminary Details for Month of December 1952 Table 2.- Short-Tenn Liabilities to Foreigners - (Poflltlon at »nd of moat2i in thouAai^s of dollare) Treasury Bulletin 70 CAPITAL MOVEMENTS Preliminary Details for Month of December 1052 Table 3.- Purchases and Sales of Long-Term Securities by Foreigners Section III A - (In thousands of dQllAre) March my 71 .CCMOLATIVE TABLE OF CQBTEJnS. April 1952 through March 1953 laaue sid page ntaber 1953 1952 Apr. July May Aug. Sept. Article: Treaeury financing operations ••• •.... ••• •.... Summary of Federal fleoal operations Budet receipts and expenditures: 2 Bvoalpta \f3 principal souroes ..••••• • l^pvidltureB b; major olasslfloatlxnis SxpeoUturaa for national defense and related aotlTltlae Sipeallturse for Intematlcmal fliianoe and aid • "Other" oxpendltto'ee • Siaoarj of bnlgot resnlta by nontha and years Detail of budget recelpte and deduotiona by months and yeare Detail of budget expenditures by months and years • Soolal SeoifflV Ant • Bailroad Betlronant Ant •••,«••• fiallroad Oumployiiant insuranne Ant 2 3 3 It 5 6 9 15 16 16 Trust acoount and other traneaetlone: SimazT of trust account amd other ^renaectlaas....^ Trust acoount receipts •. Trust acoount exp«ldltur«e other than net InrealBAnts Het Isreslaante of Gorennsnt sgenoles In public debt seourltles . . redorol Old-Aga and SurrlTore Inaurance Troat Tund • Bailroed Retlrflaent Acoount •••••••.•.•.•...•. Utafl^ploymant Trust fund •.•.•.... ••..• national Serrlae Life Inauraone road 9 9 10 10 11 10 10 11 11 11 17 17 18 18 19 19 20 20 12 12 13 13 12 12 13 13 12 12 13 13 12 12 13 13 21 21 22 22 lit 111 111 lit lit Ui 111 111 23 23 15 15 15 15 15 15 15 15 21l 16 16 17 17 18 16 16 17 17 18 16 16 17 17 18 16 16 17 17 18 18 16 16 17 17 18 25 25 26 26 27 18 18 18 18 18 18 18 27 19 19 20 19 20 19 20 19 19 20 19 20 28 20 ai 21 21 21 21 21 21 21 21 21 30 30 22 24 22 22 22 22 31 2lt 2k all 2ll 21l 33 25 25 25 25 25 25 3lt 26 26 26 26 26 26 35 8 9 9 10 10 11 11 9 9 10 10 11 11 9 9 10 10 lit 12 12 13 13 lU lit 111 15 15 15 15 16 16 17 17 18 16 16 17 17 9 9 10 10 U 11 U 9 9 u Treasury cash income and outgo: ••.••••••• S^^Bax7 of oash transactions .........•..•.•••.••• .., DerlTatlon of cash budget rscelpte ....•••< DerlTatloa of oash budget axpendltures. •,.... DerlTatlCD of cash ^rust account trensactlcos. •...•. •.....•.•.•• borrcmng DeriTatlon of oash borrowing or rspaymant of Oash operating Inccne and outgo by months 12 12 13 13 General Fund of the Treasury: Status of the Genaral Tund General Fund balance by months •*•• • 2U > Debt outstanding: ......•..••.• • Simnary of Federal securities Het change In Federal Becnrltlea.........** debt •.«.> Intareet-bearing public let change In Intereat-bearing public debt Special Issuss to U. S. Gorenmiant inreelaent accounts.. CoHpnted Interest charge and caqmtad intarsat rate on Federal •••...• aeouritlee Treaaury holdings of aecurities Issued by OoTeraunt corporaticDS and other agencies Public debt anl guaranteed securltiee outstanding by months 20 29 Statutory debt lloltatloD: Status under llmltatlcn Application of limitation to public debt end guaranteed securities outa tending 21 21 Debt operatlone: Maturity sohedule of intereet-bearing publlo maricetable securltiee isemed by the U. S. Gcrenmwnt Offerlags of Treasury blUa Offerings of marketable iseuse of Treaaury bonds, notes, and certlf icatea of indebtedneas Olspositicn of matured marketahle issues of Treasury bonds, notss, and cartifioatee of indebtedneas and guaranteed aeouritlee 22 (Ccntlnned on follovlng page) Treasury Bulletin 72 .CUMULATIVE TABLE OF COHTENTS. April 1952 through March 1953 - (Continued! BUY AND HOLD UNITED S TAT E S SAVINGS BONDS J^' ^ Treas. HJ 10 .A2 19 53 C.2 1 U.S. Treasury Dept Treasury Bulletin cf