Full text of Treasury Bulletin : March 1960
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LIBRARY
ROOM 5025
MOV 211960
LIBRARY
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TREASURY DEPARTMENT
TREASURY DEPARTMENT
BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
ISCAL SERVICE,
WASHINGTON
25, D.C.
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
IJ^jK^jn^^
mEASURV.
MUILILETm
ROOM Cav;
^PR 2 71960
TPEASiJity
^^(^^Uimi
MRRGH-iaSD
UNITED STRTES TREflSURV DEPRRTMENT
OFFICE DF THE SECRETRRV
The Treasury Bulletin Is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $6.00 domestic, $7-50 foreign.
Single copy price varies
March I960
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
12
Cash Income and outgo
Acooxint of the Treasurer of the United States.
.
IS
Debt outstanding
20
Statutory debt limitation
2M-
Public debt operations
25
United States savings bonds
^2
Ownership of Federal securities
^
Treasury survey of ownership of Federal
securities
^^
Market quotations on Treasury securities
56
Average yields of long-term bonds
59
Internal revenue collections
ol
Monetary statistics
65
Capital movements
o9
Corporations and certain other business-type
activities - statements of financial
condition
^3
Cumulative table of contents
11^
Note: Where calculations have been made from vinrounded figures,
the details may not check to the totals shovm.
"
Treasury Bulletin
Reporting Bases
The dally statement on the new basis was first Issued for
Data on receipts, expenditures, and debt whloh appear In the
In the deposits and withdrawals as shown,
"Treasury Bulletin" are baeed largely on two Treasury financial
February I7,
reports, the "Dally Statement of the United 3tatee Treasury" and
distinction Is made as to the type of accounts (budget,
the "Monthly Statement of Reoelpts and ExpendltureB of the
United States Oovernnient. " Certain monetary statistics are baeed
etc.
at least In part on the "Circulation Statement of United States
Total withdrawals are on the baels of checks paid or cash dln-
Money."
Where these statements are given
dividual tables, they are cited by name only.
reporting bases are described below.
as
sources for InTheir respective
For other data in the
Bulletin, Information on eourcee or reporting bases le given in
).
19^'*.
cleared throu^ the account of the Treeisurer of the United States.
bursemente made out of the Treasurer's account.
Some of the
withdrawal classlf loatlona shown are reported on the basis of
mailed reports of checks Issued and are adjusted by means of
Except for
clearing accounts to the total of checks paid.
relatively minor amounts, noncash Interfund and other Intra-
conneotlon with the tables themselves.
govemmental transactions are excluded.
The monthly statement of reoelpte an6 expenditures was flret
published for February
195*i,
no
trust,
The deposits are on the basis of certificates of deposit
and replaced the dally statement as
The public debt figures
In the dally statement also are on a "clearance" basis, with the
exception of those Issuance and retirement transactions reported
the primary source of Information on budget results and other
on the basis of telegrams from Federal Reserve Banks.
receipt
Noncash
debt transactions are Included, however.
and expenditure data classified by type of account.
At the same time,
the dally statement was changed to a statement
of cash deposits and withdrawals affecting the account of the
The dally statement before February 17,
195*+,
covered not
Both publications have provided
only transactions cleared through the Treasurer's account but
ooraparatlve figures on their respective bases from the beginning
also certain Oovernment agency transactions whloh were handled
of the fiscal year 1953. The announcement of February I7, 195^,
with respect to these reporting changes may be found In the
and other Intragovemtental transactions. It provided Information
April 195^ issue of the Bulletin.
similar to that In the present dally statement with respect to the
Treasurer of the United States.
through commercial bank accounts, and Included noncash Interfund
status of the Treasurer's account,
The monthly statement ehows all receipts and expenditures
of the Oovemment,
Including those made from cash accounts held
outside the United States Treasury.
The Information Is compiled
present
end-of-month
Issuance, retirement,
and similar to that In the
dally statement with respect to debt
Receipts and
and amount outstanding.
expenditures, however, were claselfled by type of account, and
from reports by the Treasurer of the United States and by all
the budget results shown In the dally statement were used as the
other collecting and disbursing agencies. Including those agencies
baels for reflecting the results under the President's budget
which maintain checking accounts In commercial banks. These
reports cover transactions recorded In the accounts of the
agencies during the reporting period. The net of the trans-
program as enacted by the Congreee.
actions as compiled from these reports Is reconciled in the
monthly statement to changes in the balance
In the Treasurer's
account and In cash held outside the Treasurer's account and
changes In the public debt outstanding.
Recelpte of taxes and customs duties are reported on a
Other receipts are reported partially on a
collections basis.
collections basis and partially on a deposits basis. Expenditures,
except Interest on the public debt, are reported on the baels of
oheoka Issued or cash payments made by disbursing officers.
Transactions of an Interfund or intragovernmental nature are
Included on the same basis even though the actual issuance of
oheoke may not be Involved.
Interest on the public debt Is in-
cluded on Ein accrual baels beginning with figures for June 19^5
and the fiscal year 1955- Prior to that, It was Included on a
due and payable basis.
The same reporting basis aa that In the
monthly statement provldee the fiscal year figures for the
Treaeury's "Combined Statement of Receipts. Expenditures and
Balances of the United States Oovernment" and for actual recelpte
and expenditures In the "Budget of the United States Oovernment.
Recelpte were on the basis of deposits as they cleared the
Treasurer's account. Expenditures cleared through the Treasurer's
account were reported on two successive bases.
Through 19^6 they
were on the basis of checks paid by the Treasurer of the United
expenditures made through the
facilities of the Treasury Department's Division of Dlsbureement
States.
Beginning with 1947,
were on the basis of checks Issued, while certain others,
prin-
cipally those of the Department of Defense and its predecessor
Transactions
organizations, were on the basis of checks paid.
consisting of market
transactions In public debt and guaranteed securities, were as
handled through commercial bank accounts,
reported by the agencies.
Interest on the public debt was in-
cluded on a due and payable basis beginning with November 19^^
and on a checks-paid bafils prior to that time.
The circulation statement reflects transactions through the
Treasurer's account which affect monetary stocks of gold and
silver and the amounts of coin and currency in the money supply
of the country.
It
Is Iseued later than the dally statement,
however, and the flguree are baeed on traneactlons consumaiated
during the reporting period even though some may not have
cleared the Treasurer's account during that period.
March i960
Treasury Financing Operations
Weekly Bills Refunded
Issues of regular weekly Treasury bills during February totaled
$6.2 billion, the equivalent of the 13-week and 26-week billB maturing.
The four Issues of 13-week bills amounted to J^.
and the four 26-week Issues to $1.6 billion.
6
billion
Each new 13-'WeQk
issue was for 31.2 billion except that dated February ^ which was
for |1.0 billion.
each.
The four new 26-week issues were for $0.h billion
Average rates of discount on the new bills follow:
13-week
(Additional amount of bills of
original maturity of 26 weeks)
March I960
SUMMARY OF FHBERAL FISCAL OPHRATIONS
(In millions of dollars)
eipts and expenditures
Net
receipts
Expenditures
2/
deficit
(-)
2/
Net of
trust
account
and other
transactions
Levels, end of period
Clearing
account,
etc. 4/
Debt outstanding
public
debt,
33,069
39,507
39,617
44,058
64,825
64,655
60,390
68,165
71,029
74,274
67,772
64,570
66,540
69,433
-9,U9
69,117
68,270
71,936
80,697
-2,819
-12,427
78,600
84,000
78,383
79,816
40,864
37,306
52,979
64,840
35,623
41,106
37,728
56,337
70,682
63,841
61,171
63,358
70,994
72,284
72,997
64,854
66,129
67,216
71,692
-9,157
-3,683
-2,771
3,779
592
68,694
73,282
75,782
80,322
-7,088
-7,040
-691
4,786
6,299
9,501
6,011
5,528
5,749
-1,225
771
3,753
-65
338
3,496
4,925
10,785
6,122
5,846
6,621
-2,626
-920
4,164
37, 5U
65 ,408
-5,994
478
4,587
-2,135
3,883
-4,180
1,626
1,596
633
-329
4,932
3,470
5,517
7,357
6,969
252,292
252,770
257,357
255,222
259,105
252,366
252,798
257,377
255,251
259,151
-2,299
2,096
4,670
6,766
6,216
6,546
5,590
266,071
271,260
274,374
272,751
270,527
266,123
271,341
274,418
272,825
270,634
5,816
8,363
U7
1,624
-1,462
2,047
1,839
-388
6,966
5,189
3,115
-1,623
-2,224
679
-3 ,117
4,159
-4,399
9,749
5,350
276,343
284,706
276,444
284,817
-206
-4,500
5,2a
-3 ,592
-422
-3,358
-5,842
-229
-502
311
1,111
471
7,777
3,582
2,019
-4,141
-1,730
8,025
7,875
-259
267
1,092
109
-237
62
1,770
4,577
5,180
4,545
4,427
4,606
275 ,168
275,244
278,784
280,822
276,731
275,002
355
4,961
5,583
282,922
290,798
283 ,031
-1,101
888
1,682
3,505
4,394
6,076
274,555
274,679
272,624
274,656
274,782
272,728
691
412
-357
3,619
6,487
6,130
9,749
275,057
275,653
276,343
275,151
275,749
276,444
-4,630
1,249
-1,269
5,119
6,368
5,099
275,466
278,476
276,666
102
108
118
275,568
278,584
276,784
-565
1,991
-1,564
4,534
6,525
4,961
280,211
283,060
282,922
112
107
109
280,323
283 ,167
2,879
-697
-3,069
957
285 ,801
285 ,104
106
112
119
285,907
-6U
5,918
5,274
4,438
3,319
950
-1,597
-209
-1,488
603
-635
-117
179
3,546
2,848
-138
-106
-319
101
739
252,854
257,160
256,731
259,461
-877
3,009
-1,810
815
-41
252,800
257,130
256,708
259,419
267,391
1,531
-81
-538
-2,055
617
-169
-682
6,613
-3 ,667
-376
6,198
6,633
-1,361
84
7,U4
6,237
7,080
-4,376
-1,274
-900
4,528
6,576
8,426
6,776
6,331
6,461
-2,248
4,258
5,425
10,154
6,427
6,164
8,631
-2,169
-739
1,524
3,246
5,679
i/
2/
2/
-W7
2,433
595
2,769
4,962
6,180
6,557
6,305
6,357
-3 ,311
3,976
-626
2,129
-2,100
6,868
6,598
6,844
-3,846
-701
738
575
352
-37
408
-470
462
245
1,965
-836
496
-183
267,U5
278,750
280,769
276,628
274,898
282,034
290,925
283 ,031
285, a6
282,153
285 ,460
5,350
285,353
286,303
284,706
486
781
399
1,7U
5,837
6,617
7,017
288,682
290,396
288,296
288,792
290,506
288,412
2,957
-664
209
-641
-1,408
6,376
4,968
-148
615
5,583
291,253
290,589
290,798
660
287
-722
4,862
291,085
Actual figures throiigh the fiscal year 1952 and the calendar
year 1953 are from the daily Treasury statement, and thereafter in
each case they are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1961 Bxxdget document, released
January 18, 1960, including effects of proposed legislation. More
detailed information with respect to the figures on this page will
be found in succeeding tables.
Gross receipts less transfers of tax receipts to certain trust funds
(see page 2), and refunds of receipts.
Transactions of the Foreign Economic Cooperation Trust Fund, established under Section 114 (f) of the Economic Cooperation Act of 1948
(62 Stat. 150), are consolidated with budget expenditures.
Consists of transactions of trust and deposit funds, investment by
Government agencies in public debt securities, and redemption or sale
of obligations of Government agencies in the market; excess of receipts, or expenditures (-). For detail of content, see page 8.
Source:
280 ,107
4,208
4,679
4,232
4,295
6,064
2,946
-1,290
284,616
5,350
5,350
-4,100
4,331
-423
2,711
7,973
4,838
7,208
3,023
5,897
7,582
Total
Federal
securities
11/1/
41,488
37,696
36,495
47,568
61,391
8,419
-1,811
-3,122
3,510
-4,017
account
balance, or
decrease (-)
4/
j/
286,410
284,817
118
124
127
291,372
290,713
290,925
291,215
For checks outstanding and telegraphic reports from Federal Reserve
Banks; public debt interest accrued and unpaid beginning with June
and the fiscal year 1955 (previously included from November 1949
as interest checks and coupons outstanding); also deposits in
transit and changes in cash held outside the Treasury and in certain
other accounts beginning with the fiscal year 1954. Net increase,
or decrease (-)
For current month detail and list of acts, see section on "Statutory
Debt Limitation" in each issue of the Bulletin. The limitations In
effect during the period covered by this teble and the date when
each became effective are as follows: $275 billion, on June 26, 1946;
t281 billion, on August 28, 1954; $278 billion, on July 1, 1956;
»275 billion, on July 1, 1957; »280 billion, or Febrjaiy 26, 1958;
$288 billion, on September 2, 1958; and »290 billlor.on June jr., 1?59.
From July 1, 1959,to Juno 30, I960, the lijiiit is $295 bilUon. Thereafter it will revert to $285 billion.
,
.
.
.
Treasury Bulletin
.BUDGET KECEIPTS AND EaPENDITURES
Table 1.- Receipts by Principal Sources
(In millions of dollars)
Internal revenue 1/
Employment taxes
Income taxes
Corporation
2/
Not
withheld
Total
income
Withhold
For old-age
and disability in-
employinent
tirement
2/
2/2/
!/&/
18,5a
Total
employ-
insurance
6/
taxes 7/
10,
7,581
8,644
8,854
1,378
1,353
10,638 2/
10,814
10,760
10,092
11,665
11,057
12,667
1,500
1,650
311
1,235
652
332
24,012
735
620
603
600
634
12,302
11,528
11,733
26,728
27,041
29,001
60,560
59,102
58,826
6,634
616
23,000
2i,30O
12,600
13,200
32,100
35,200
67,700
72,700
1959-July
August . . .
September.
568
368
3,311
364
1,239
4,223
2,264
2,171
4,714
7,411
October. .
November..
December.
491
405
3,180
564
1,211
4,345
2,371
860 10/
1,959
4,849
195i
1955
1956
21,523
18,265
21,299
10,747
10,396
11,322
a,635
1957
1958
1959
a, 531
20,533
18,092
1960 (Est.)
1961 (Est.)....
I960- January.
.
a, 254
123
1,837
330
336
324
7,733
8,004
11, 8U
12,557
971
1,027
1,007
704
2,144 10/
278
965
527
476
298 iO/
5,913
3,568
Miscellaneous
receipts
Transfers of ta
Total
budget
receipts
2/
1952
1,814
1,865
2,311
2,559
3,006
1953
1954
1955
1956
73,173
69,454
78,820
977
936
1,031
794
6,743
3U
budget receipts
Refunds of receipts 15/
eipts
Federal Disability Insurance
Trust Fund
Railroad
Retirement
Accoiint
Highway
Trust
Fund
12/
12/
U/
2,275
3,095
3,345
3,400
3,653
2,302
3,118
3,377
3,426
3,684
1,479
2,116
2,171
3,894
4,413
4,907
3,917
4,433
4,933
738
620
603
599
634
3,569
4,086
4,537
5,040 16/
6,337
67,999
72,649
'•
FOASI
Trust
Fund
11/
106
104
115
764
257
362
1
616
754
800
948
1960 (Est.)...
1961 (Est.)...
OU
9,ai
10,004
1,3a
1960 to date.
1957
1958
1959
9,726
10,825
945
936
1,171
3,569
4,086
4,537
5,340
6,337
a, 3 51
33 ,012
1953
2/
4,562
4,983
5,425
6,220
7,296
51,347
54,363
53,906
49,915
56,633
32,826
1952
Taxes not
otherwise
classified
Estate
and gift
taxes 2/
2,749
3,196
3,158
83,675
83,974
83,904
6,301
6,870
7,158
1,200
1,400
4,013
3,932
97,286
104,912
9,164
10,693
2,627
2,950
5,308
5,611
237
172
3,936
7,418
9,552
279
1,112
588
192
237
201
165
179
160
198
128
1959-July
August...
Septenbe]
October.
November.
333
863
847
December
666
3,626
7,152
8,350
429
47
1960-January.
528
5,425
267 12/
31 10/
2,248
45 ,460
575
1960 to date.
1/
2/
3,704
-17 12/
33
409
Actual figures for 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases
see page II); estimates are from the 1961 Budget document, released
Janual7 18, I960, and supporting data. Including effects of proposed legislation.
For further detail, see tables under "Internal Revenue Collections."
Breakdown was not made in the daily Treasuiy statement and tie
monthly statement for years prior to 1954.
Beginning January 1951, the distribution of receipts between individual
income taxes and old-age and disability insurance taxes is made in
accordance with prtsvlaions of Sec. 201 of the Social Security Act,
as amended (42 D.S.C. 401), for transfer to the Federal Old-Age
and Survivors Insurance Trust Fund (see footnote 11), ani aft«r
Itecember 1956 also for transfer to the Federal Disability Insurance
Trust Fund (see footnote 12).
Soxirce:
2/
653
a9
y
1,499
691
10
702
Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 D.S.C. 3101-3125), and, beginning with
the taxable year 1951, tax on self-employed individuals under the
Self-Employment Contributions Act, as an»nded (26 U.S.C. U01-U03).
The Social Security Act Amendments of 1956, approved August 1, 1956,
Increased the rates of tax applicable to wages paid and taxable years
beginning after December 31, 1956, to prcvide for disability insurance (see footnote 12).
5/ Taxes on carriers and their ei^loyeea under the Railroad Retirement
Tax Act, as amnded (26 D.S.C, 3201-3233).
6/ Tax on eiiq>lqyers of U or more under the Federal Unenployment Tax Act,
as anended (26 U.S.C. 3301-3308); with respect to aerrtces performed
before January 1, 1956, the tax was imposed on employers of 8 or more.
Benalxiliig footnotes on following page.
March I960
BUIXJET RECEIPTS AND EXPENDITURES
Footnotes to Table
7/
8/
_2/
^0/
3.1/
Xg/
Through 1953, contributions to the Railroad Unemployment Insurance
Administration Fund were carried in the daily Treasury statement as
miscellaneous receipts, while the 1961 Budget document, Special
Analysis G, includes them in employment taxes in 1952. Beginning
195-^ the contributions are credited direct to the trust account.
For amounts of the contributions included In budget receipts, see
"Treasury Bulletin" for February 195A, page 7.
In the 1961 Budget document, Special Analysis G, taxes not otherwise
classified are included In miscellaneous receipts,
Beginning 1957, includes collections under increased rates in the
Highway Revenue Act of 1956 (see footnote H).
Figures shown include (see footnote 11 ) decreases in income tax of
$98 million withheld and $i million not withheld and increases In
transfers of $90 million to Federal Old-Age and Survivors Insurance
Trust Fund and $11 million to Federal Disability Insxirance Trust Fund,
Amounts appropriated to the Federal Old-Age and Survivors Insurance
Trust Fund are equivalent to the amounts of taxes collected and
deposited for old-age insurance (A2 TJ.S.C. ^iOl (a)). Beginning
January 1951, the amounts transferred currently for appropriation
to the trust fund are based on estimates of old-age Insurance
tax receipts made by the Secretary of the Treasury pursuant to the
provisions of Sec. 201 (a) of the Social Security Act, as amended
(12 U.S.C. AOl (a)), and are adjusted in later transfers on the
basis of wage and self-employment income records maintained in the
Social Security Administration. The amount of old-age insurance
tax refunds is reimbursed to the general fund by the trust fund,
The Federal Disability Insiirance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956
The act appropriated to the trust fund amounts
(i2 U.S.C. iOl (b)).
equivalent to specified percentages of the wages and self-employment
Income, respectively, which are taxed for old-age insurance, and
provided that the amounts appropriated should be transferred from
-
1
1^/
1^/
1^/
16/
17/
*
Footnotes to Table 2
Footnotes 1 through 3 follow Table 2 on page i,.
4/ The 1959 figures in the Bulletin differ from those in the 1961
Budget document because of a reclassification in the latter by
which military assistance under the Mutual Security program in the
amount of $2,340 million is shifted from "Funds appropriated to
the President" to "Defense Department, military functions," and
$8 million is shifted from "State Department" to "Funds appropriated
to the President." Monthly figures in the bulletin are on the same
classification basis as 1959 fiscal year figures.
5/ Totals include allowance for contingences of $75 million for I960
and $200 million for 1961.
6/ Includes unclassified expenditure transfers until these have been
distributed in final fiscal year figures.
(Continued)
time to time to the trust fund on the same basis as transfers to
the Federal Old-Age and Survivors Insurance Trust Fund. Rates of
tax were increased by the percentages appropriated to the Federal
Disability Insurance Trust Fund, the increase being applicable to
wages paid and taxable years beginning after December 31, 1956,
Excludes the Government's contribution for creditable military
service CA5 0,3, C. 228C-1 (n)). Beginning 1952, amounts are appropriated to the Railroad Retirement Account equal to the amount of taxes
under the Railroad Retirement Tax Act deposited in the Treasury,
less refunds, during each fiscal year (65 Stat, 222 and 66 Stat,
371), and transfers are made currently.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
173) established a Highway Trust Fond from which are to be made, as
provided by appropriation acts, Federal-aid highway expenditures after
June 30, 1956, and before July 1, 1972. The act appropriated to this
fund amounts equivalent to specified percentages of receipts from
certain excise taxes on motor fuels, motor vehicles, tires and tubes,
and use of certain vehicles, and provided that the amounts appropriated should be transferred currently to the trust fund on the basis
of estimates by the Secretary of the Treasury with proper adjustments
to be made in subsequent transfers. The use tax was imposed by the
Previous to the
act and rates were increased for the other taxes.
fiscal year 1957 corresponding excise tax receipts were included in
net budget receipts, and Federal-aid highway expenditures were included in budget expenditures.
Interest on refunds is included in expenditures in Table 2.
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 11),
Net of reimbursement of $89 million from the Federal Old-Age and
Survivors Insurance and Federal Disability Insurance trust funds,
less then $500,000,
-
7/
8/
2/
10/
•
.
(Continued)
Beginning 1955, consists of net expenditiires of the Postal Fund,
reflecting the change in classification of Post Office transactions
to a public enterprise revolving fund basis.
Reported on an accrual basis effective June 30, 1955.
Consists of Federal payment and loans and advances.
Includes $1,375 million additional subscription to the International
Monetary Fund in June 1959 pursuant to Public Law 86-48, approved
June 17, 1959, Of the total, $3U milUon were paid in gold (see
"Monetary Statistics," Table 3) and the remaining $1,031 million
were paid in special notes of the Ctaited States (see "Debt Outstanding," Table l).
Less than $500,000.
.
.
Treasury Bulletin
.BUDGET EECEIPTS AND EXPENDITURES.
Table 2.
Expenditures by Agencies
•
(In millions of dollars)
Executive
Office
of the
President
1953
195i
1955
1956
69,433 2/
71,936
80,697
1960 (Est.)..
1961 (Est.)..
5,782
5,282
4,381
4,473
78,383 i/
79,816 i/
1959-July
August
.
Septembe;
October.
November
December
1960-January.
1960 to date.
2/
Agricxilture
Department
7,707 2/
570
425
359
Commerce
Department
1,063
1,000
1,077
1,293
3,217
385
-615
129
6,905
6,473 1/
5,791
4,115
4,081
4,109 4/
7i,274
67,772
64,570
66,5i0
1957
1958
1959
HoUBlDg
and Home
Finance
Agency
Funds
appropriated
2,915
4,636
5,177
562 2/
645
382
5,006
4,875
7,091
199
1,152
1,748
1,814
9,492
10,181
5,706
6,201
246
6,8U
690
758
732
516
760
728
531
376
435
716
562
568
6,199
738
6,557
6,305
6,357
6,868
6,598
134
148
-59
45,730 6/
Treasury Department
Defense Department
Melfari
Department
Department
Labor
Depart-
Post
Office
Department 7/
State
Department
ColxHobia
2/
Department
1953
43 ,611
1954
1955
1956
40,336
35,532
35,791
1,920
1,981
1,993
2,071
1957
1958
1959
38,439
39,062
41,233 i/
3,092
1-960
(Est.)..
356
463
418
567
1,016
2,295
2,645
518
674
179
206
272
Septembe:
24,113
2,178 10/
9,300
9,500
3,U2
1960 to date
748
765
7,244
7,607
7,593
3,577
3,319
3,853
1960-Januaiy.
V
873
368 1/
3,402
3,386
3,433
October.
November
December
798
6,504
6,382
6,370
6,787
156
136
142
3,417
3,517
1961 (Est.)..
1959-July
August .
659
312
394
412
513
1,961
431
146
Source: Actual figures are from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases, see
page II}; estimates are from the 1961 Budget document, released
January 18, I960, including effects of proposed legislation.
Note: Figures in this table are for agencies as constituted at the time
the expenditure" were made, and therefore do not necessarily represent
functions which are comparable over a period of time. For expenditures
by functions on a consistent basis, see Table 4.
Agency shifts are
reflected in this table as follows: Beginning 1955, Federal Home Loan
Bank Board from "Housing and Home Finance Agency" to "Independent offices,"
and Reconstruction Finance Corporation as indicated in footnote 1; begirming 1957, Alaska Road Construction from "Interior Department" to
"Commerce Departitent," and Federal intermediate credit barfcs and production
credit corporations as indicated in footnote 3j beginning 1958, Federal
Facilities Corporation (remaining functions) from "Treasury- Department"
to "General Services Administration," and Informational Media Guaranty Fund
from "Funds appropriated to the President" to "Independent offices";
l«giniiing 1959, Federal Civil Defense Administration from "Independent
offices" to "Executive Office of the President"; and the former Civil
Aeronautics Administration and the Civil Aeronautics Board from "Comn»erce
Itepartment" to "Independent offices."
1/ Ti^construction Finance Corporation is included under "Independent offices"
261
176
5,272
48
423
27
through 1954, and under "Treasury Department" beginning 1955, except
functions transferred to Export-Import Bank, Federal National Mortgage Association, General Services Administration, and Small
Business Administration. The corporation was abolished at the close
of June 30, 1957, by Reorganization Plan No. 1 of 1957, and its
remaining functions were transferred to the Housing and Home Finance
Administrator, Administrator of General Services, Administrator of
Small Business Administration, and Secretary of the Treasury.
2/ Beginning 1957, Federal aid for highways is excluded from budget
expenditures and included in trust account expenditures (see
Table 1).
2/ Effective January 1, 1957, the production credit corporations were
merged in the Federal intermediate credit banks, pursuant to the
Farm Credit Act of 1956, approved July 26, 1956 (12 H.S.C. 1027),
and operations of the merged agencies (as mixed-ownership corporations) were classified as trust enterprise funds (see "Trust Account
and Other Transactions," Table 3); previously the operations of the
banks and the corporations, respectively, were classified as public
enterprise funds and were included net in budget expenditures.
Remaining footnotes on page 3.
March 1960
.BUDGET RECEIPTS AMD EXPENDITURES.
Table 3.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of January 31, 1960
(In tailliona of dollars; negative figures are deductions in the colunins In which they appear)
fiscal year 1960 to date
Unexpended
balances
brought
forward
July 1, 1959
Appropriations
1/2/
2/
Increa
Transfers,
borrowings,
Inveatments
6/
Authorizations
to expend from
debt receipts
A/
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department:
Military functions
Civil functions
Undistributed foreign transactions
Healthy Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
District of Columbia - Federal contribution and loans.
Unclassified expenditure transfers
3
U
5,3i7
12, U5
i89
8,977
3,605
129
48
63
3,235
9,598
278
240
16
269
498
260
769
4,955
906
U6
31,635
345
3,021
717
266
3,022
7U
266
,
6,078
71,646
Total
10,469
62
76,352
78,298
Unexpended bale
Expenditures
(net)
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Independent offices
General Services Administration
Housing and Home Finance Agency
Agriculture Department
Commerce Department
Defense Department
Military functions
Civil functions
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Departioent
District of Columbia - Federal contribution and loans,
Unclassified expenditure transfers
Adjustment to monthly statement of receipts and
expenditures of the Government
,
,
Total
Rescissions
cancellations,
and other
adjustments 7/
Undisbursed
appropria-
70
28
32
1,880
4,922
a9
557
3,689
638
24,130
513
5
1,961
431
146
319
261
176
5,743
27
-18 2/
6,377
Unused authoi^
expend from
debt receipts
January 31, 1960
Unfunded
contract
authorl-
Investheld
8/
Total 2/
:
:
;
:
.
Treasury Bulletin
.BUDGET RBCEIFTS AND EXrENDITURES
Table 4.- Expenditures and Balances by Functions
(Fiscal years; In mllliona of dollara)
1960 through January
Function
code
number
Major national security:
Military defense
Development and control of atomic energy
Stockpiling and defense production expansion
Militaiy assistance
35,532
1,857
35,791
1,651
a, 233
Total major national security
International affairs and finance
Conduct of foreign affairs
Economic and technical development 2/
Foreign information and excliange activities
38,439
1,990
490
2,352
39,062
2,268
625
2,187
2,541
312
2,340
24,135
1,500
157
851
43,270
066
067
068
44, U2
46,426
26,642
157
1,683
133
1,910
774
126
2,870
699
168
3,104
U9
Total international affairs and finance
Veterans' services and benefits:
Veterans' education and training 2/
Other veterans readjustment benefits J^/
Veterans' compensation and pensions
Veterans' insurance and servicemen's indemnities
Veterans' hospitals and medical care
Other veterans' services and administration
664
150
'
2,6n
43
856
156
,
Total veterans' services and benefits
574
177
3,275
35
921
193
5,026
4,756
labor and welfare
labor and monpouer
Public assistance
Promotion of public health
Promotion of education
Promotion of science, research, libraries, and museums 6/
Correctional and penal institutions
Other welfare services and administration _^
328
1,428
,
^
475
1,457
351
281
56
216
217
458
1,797
546
319
72
34
221
400
1,558
469
292
71
32
31
169
844
1,969
704
468
119
39
279
Total labor and welfare
Agriculture and agricultural resources
Stabilization of farm prices and farm income 2/
Financing farm ownership and operation 8/
Financing rural electrification and telephones
Conservation and development of agricultural land and
water resources 2/
Peaearch, and other agricultural services 2/
3,486
3,430
227
267
204
Total agriculture and agricultural resources
2,319
137
186
2/
4,525
36
2/
6,529
Natural resources;
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource
development of land and water
development of forest resources
development of mineral resources,...
development of fish and wildlife.,..
of natural resources
surveys and administration
iOl
i02
403
404
405
409
803
1,138
174
139
Total natural resources
Commerce and housing:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Foetal service
Cummunity development and facilities
Public housing programs
Other aids to housing n/
Other aids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief J,2/
1,669
349
647
179
420
Total general government
Footnotes at end of table.
436
30
494
40 12/
a9
180
263
386
325
U5
74
356
56
516
517
518
519
520
774
108
97
1,085
139
58
46
-115
270
-404
38
45
21
Total commerce and housing
General government
legislative functions
Judicial functions
Executive direction and managen»nt
Federal financial management
General property and records manageiMnt
Central personnel management and employiagnt costs lA/
Civilian weather services
Protection services and alien control
Territoriea and possessions, and District of Columbia
Other general government
365
783
1,455 10/
601
602
603
604
605
606
607
608
609
610
3,421
102
47
475
164
334
476
194
627
502
239
140
317
186
122
39
199
75
1.630
(Continued on following page)
1.606
March I960
.BUDGET RECEIPTS AND EXPEND ITDRES.
Table 4.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
-
(Continued)
.
,
.
.
,
.
Ireasury Bulletin
THUST ACCOUHT AUD OTHEE TEAHSACTIONS
Table 1.- Summary of Trust Account and Other Transactions
(In millions of dollars)
Trust and deposit fund
Net receipts, or
expenditures C-),
from trust account
and other transactions
1952
U7
1953
1954
1955
1956
Net sale , or investment
(-), by Government
agencies in public debt
securities
Net receipts, or
expenditures (-)
435
328
231
-194
8,807
8,929
9,155
9,536
11,685
3,855
3,760
2,386
991 1/
2,250
Net sale, or redemptio:
(-), of securities of
Government agencies in
market
-3,636
4,952
5,169
6,769
-3 ,301
-2,054
-1,362 1/
-2,617
8,545 1/
9,435
14,369
16,329
17,084
12,959
16,068
18,595
-813
1,269
-960
916
-499
20,696
22,547
21,510
21,278
-369
-1,954
1,214
2,444
1,236
2,174
1,528
1,735
671
-666
317
October.
November.
December.
-877
507
1,009
2,004
1,474
1,886
1,496
1,748
667
1960-Jaiiuaiy..
602 1/
173
2/
-2,300
-197
1,112
-1,146
195
633
1957
1958
1959
-1,511
-329
1960 (Est.)...
1961 (Est.)...
1959-July
August..
Septembei
3
56
102
enterprises are included in deposit fund account expenditures
(net) and excluded from net investment by Government agencies
in public debt securities (see Table 4) and from net redemption
or sale of obligations of Government agencies in the market
Figures previously published for the fiscal year
(see Table 5).
1955 have been revised to the new classification basis.
Includes guaranteed securities beginning 1955 (see Table 4).
Source: Actual figures for 1952 are from the daily Treasury statement and thereafter from the monthly statement of receipts and expenditures of the Government (for explanation of reporting bases,
see page II); estimates are from the 1961 Budget document released
January 18, I960, including effects of proposed legislation.
1/ Under a revised classification in the monthly statement, effective
July 1, 1955, the security transactions of Government-sponsored
Table 2.- Trust Account Receipts
(In millions of dollars)
Federal Old-Age
and Survivors
Insurance Trust
Fund
8,807
8,929
9,155
9,536
11,685 i/
1952
1953
1954
1955
1956
1957
1958
1959
14,369
16,329
17,084
1960 (Est.)
1961 (Est.)
Federal
Disability
Insurance
Trust Fund 1/
3,932
4,516
5,080
5,586
7,003
7,159
7,900
8,182
Highway
Trust
Fund
Government
National
Ufe
Service
Life Insur- Insurance
Fund
ance Fund
Railroad
RetireAccount
1,643
1,594
1,492
1,425
1,728
1,912
1,855
1,997
20,696
22,547
87
2/
649
608
640
634
1,397
1,458
1,741
597
401
457
UU9
912
961
691
708
1,025
637
619
590
660
683
Other trust
accounts
2/
1,482
2,134
2,185
681
638
585
2,628
2,950
1959-July
August.. .
September.
1,214
1,236
301
1,267
609
October. ..
November.
December.
1,009
2,004
1,474
264
343
908
642
369
297
1960-January...
2,4U
291
Source : See Table 1.
See "Budget Receipts and Expenditures," Table 1, footnote 12.
See "Budget Receipts and Expenditures," Table 1, footnote 14.
Includes District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; Indian tribal funds;
increment resulting from reduction In the weight of the gold
1/
2/
2/
tj
dollar; and the Railroad Unemployment Insurance Administration
Fund for the period 1954 through November 1958 (see Table 7 for
treatment thereafter, and "Budget Receipts and Expenditures,"
Table 1, footnote 7, for treatment prior to 1954).
Does not include donation of public debt securities amounting to
45,800 (par value); see also Table 4.
March I960
TRUST ACCOUNT AND OTHER TRANSACTIONS.
Table 3.- Trust and Deposit Fund Account Expenditures
(In millions of dollaraj negatlvs figures are excess of credits)
.
.
.
Treasury Bulletin
.
THUST ACCOUNT AMD OTHER TEAHSACTIOMS
Table 4.- Net InveBtment by Government Agencies In Public Debt Securities
(In millions of dollars j negative figures are excess of aalea)
Trust BCCouBts
Federal OldAge and
Survivors
Insurance
Trust Fund
Total
trust
accounts
3,636
3,301
2,054
1,362 2/
2,617 i/
1952
1953
1954
1955
1956
1957
1958
1959
y
2,300
197
2,263
106
-1,2U
1960 (Est.)
1961 (Est.)..-.
-671
666
-317
Account
Unemployment
Trust
Fund
220
-499
-1,290
National
Service
Ufe
Ufe
Insurance
Fund
Federal
smplajeeB
retirement
funds
'
Insurance
Fund
325
729
552
-1,255
-1,011
803
671
958
252
8U
774
-178
-160
-91
-lU
-87
169
-112
-13
-619
Government-sponsored enterprls
Public enterprise funds
Total
public
enteiv
prise
funds
Federal
Housing
Administration
1952
1953
1954
Federal
mediate
credit
banks
^
Production
credit
corporations 1/
Federal
National
Mortgage
Association 6/
Total
Federal
Savinge and
Loan Insure
GovemmentapoESored
enterprises
ance Corp.
Banks
for
cooperatives
Federal
Deposit
Insurance
Corp.
71
U3
2/
95 7/
U
104
7/
1960 (Est.)
1961 (Est.)
1959-July
August ....
September.
October. ..
November.
December..
I960- January.
.
Federal
intermediate credit
banks X/
5i8
-96
407
.
1955
1956
1957
1958
1959
Trust
Fund
3U
258
-686
646
-329
October...
November.
December.
1960-January.
Hlgbwa;^
-245
590
-248
-545
369
1,954
1959-July
August ....
September.
Railroad
Retire-
1,950
1,545
1,522
1,241 4/
1,463
3,355
3,068
1,688 2/
1,236
2,516
-1 ,112
Federal
Disability
Insurance
Trust Fund
A6 8/
Federal
home
loan
banks
Federal
land
banks
March I960
-TRUST ACCOUMT AND OTHER TRAHSACTIOKS
Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Secxirities not guaranteed by the United States
Public enterprise funds
seal yea
month
1952
1953
195i
1955
1956
Total
guaranteed
Commodity
Credit
Corpo-
Federal
Mortgage
Corporation
Administration
Owners
Loan
Corporation
Total not
guaranteed
Total
public
and trust
entei>
prise
funds
Public enterprise funds
Federal
intermediate
er»ait
banka 1/
-98
25
4
-602 2/
-173
1957
1958
1959
-639 2/
-639
-Ui
-lU
-1,052
-573
-61
1960 (Est.)...
1961 (Est.)...
1959-July
August. .
September
October.
November,
December.
1960-January.
-980
-915 4/
-915
V
Federal
National
Mortgage
iation 2/
Owners'
Loan
Corporation
Treasury Bulletin
12
.CASE INCOME
the
The cash Income and outgo data appearing In
"Treasury Bulletin," beginning «lth the February 195^
Issue, are on a basis consistent with receipts froo and
payments to the public as derived In the 1957 and sub-
sequent Budgets of the United States, Special Analysis A.
Reconciliation to cash deposits and withdrawals In the
on
of. the Treasurer of the United States Is shown
There Is also
the same basis as In the Budget documents.
shown the amount of net cash borrowing from, or repayment of
account
borrowing to, the public. By these arrangements, data In
accordance with the Budget classifications are made availFigures for back years have been
able month by month.
revised where necessary In order to maie them as nearly
comparable with the Budget classifications as available
For this reason certain of the figures
differ somewhat from those published In earlier Budget
documents as well as in the Bulletin.
data will permit.
MD
OUTGO,
representing cash received from the public. Federal casn
borrowing from the public includes net borrowing by the
Treasury through public debt transactions and alBO net
borrowing by Government agencies and Government-sponsored
enterprises
through
sales of their own securities.
It excludes changes In the public debt which do not rep-
resent direct cash borrowing from the public. The net
effect of all these transactions with the public is
reflected In changes in the balance In the Treasurer's
account and in cash held outside the Treasury.
Cash transactions through the Treasurer's account are
in general concept to those included in the Budget
series, but are limited in coverage to transactions whlah
sliriilar
On the other hand,
they include receipts from the exercise of monetary
affect the balance In that account.
authority, which are excluded from receipts from the public
in the Budget series.
The Budget series of cash transactions Is designed
to provide information on the flow of money between the
public and the Federal Government as a whole, and therefore
includes transactions noc cleared through the Treasurer's
account. Receipts and payments Include transactions both
Beginning with figures for the fiscal year 1953, the
series of transactions with the public is based on the
"Monthly Statement of Receipts and Expenditures of the
United States Government," which Is compiled from reports
in budget accounts and in trust and deposit fund accounts.
Operations of Government-sponsored enterprises are included
in payments on a net basis as reflected In Treasury reports.
by all collecting and disbursing officers and Includes
those transactions not cleared through the Treasurer's
account. Cash deposits and withdrawals in the Treasurer's
Major Intragovemraental transactions which are reported as
both expenditures and receipts are eliminated from both.
Noncash Items which represent accrued obligations of the
Government to make payments in the future are also eliminated
account, beginning with the figui-es for the same year, are
reported in dally Treasury statements. For those years
prior to 1953 both cash transactions series are based on a
single source, namely, the earlier basis of dally Treasury
from expenditures but are added later when actual payments
are made. Receipts from the exercise of monetary authority
statements which reported separate olassif Icat ions for
budget results, trust account transactions, etc.
(mostly seigniorage on silver)
are
excluded
as
not
March I960
13
.CASH INCOME AND OUTGO.
Table I.- Sumraary of Federal Govern ent Cash Transactions with the Public
(In mlllloi
Federal receipts from
the public
Federal paytnenta to the
public
Excess of
receipts, o
payments (-
of dollare)
Plus: Net cash
borrowing from
the public , or
repayinent
(-)
nus : Receipt from
exercise of
monetary
authority
Equals:
Change in cash bala
TreaBurer'a account
balance increase
or decrease (-)
,
195A
1955
1956
68,013
71,499
71,627
67,836
77,088
67,964
76,773
71,860
70,538
72,617
49
-5,274
-232
-2,702
4,471
-505
2,919
2,512
1,809
-4,366
-388
-2,299
2,096
1957
1958
1959
82,107
81,893
81,660
80,008
94,804
2,099
-1,520
-13, La
-3,100
5,760
8,678
-956
4,159
-4,399
i960 (Est.)..
1961 (Est.)..
94,796
102,178
95,338
96,257
-542
4U
5,9a
-5,969
1959-July
August .
Septembe
3,973
7,903
9,488
8,171
8,498
7,709
-4,198
-594
1,779
4,606
1,339
-1,457
October.
November
December
3,678
7,579
7,894
8,228
7,795
-4,216
-649
368
3,656
-763
6,767
Cash held outside
Treasury, increase
or decrease (-)
-1,306
1952
1953
1960-Jan\iaiy.
8,163
83,U3
Source: Actual figures for 1952 are based on the daily Treasury
statement and thereafter they are baaed in part also on the
monthly statement of receipts and expenditures of the Government
-641
-1,408
615
(for explanation of reporting bases, see page II) i estimates are
from the 1961 Budget document, released January 18, 1960, including effects of proposed legislation.
Table 2.- Sumnary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Fiscal year
or month
.
Treasury Bulletin
Ik-
.
CASH INCOME AMD OUTGO
.
Table 3.- Derivation of Federal Government Receipts from the Public, and Reconciliation to
Cash Deposits In the Account of the Treasurer of the United States
(In mllliona of dollars)
eipts
Deducti
Excess
Intragovem- profits
tax refund
mental
transactiona bond re(See Table 5) demptions
1/
1952
Equals:
Federal
receipts
from the
public
Receipts
from
exercise o
monetary
authority
Plus
Receip
from exercise
of monetary
authority
:
^
2/
Adjustment for
net difference
due to reporting method (set
also Table i)
2,116
2,199
2,110
2,061
2,739
2,185
2,255
2,183
2,090
2,763
68,013
71,499
71,627
67,836
77,088
3,242
3,493
3,650
3,290
3,553
3,694
82,107
81,893
81,660
81,875
82,094
4,460
4,500
4,369
94,796
102,178
94,836
102,226
3,455
8,199
9,563
1953
195A
1955
1956
1957
1958
1959
71,029
69,117
68,270
U,369
16,329
17,084
85,397
85,446
85,355
1960 (Est.)..
1961 (Est.)..
78,600
8i,000
20,696
22,547
99,296
106,547
1,214
2,444
1,236
4,460
8,124
9,722
3,973
7,903
9,488
1,009
2,004
1,474
4,032
7,901
9,057
3,678
7,579
1959^July
August .
Septembe
October.
November
December
3,023
5,897
7,582
11 ,685
4,3a
8,163
1960-Januaiy.
rce: See Table 1.
preceding sections
Treated as noncash
and as cash refund
68,081
71,345
71,815
67,758
77,079
70,198
73,754
73,811
69,926
79,851
61,391
64,825
64,655
60,390
68,165
8,807
8,929
9,155
9,536
Equals:
Cash
deposits
-210
lU
-107
-32
81 ,612
16
118
5,461
Details of basic receipt figures appear in
in the Bulletin.
refund deductions from receipts when issued
deductions when redeemed.
2/
if seigniorage and the increment resulting from reduction
ght of the gold dollar; excluded from receipts from the
public but included in cash deposits in the Treasurer's account.
Less than 1500,000.
Consist;
Table 4.- Derivation of Federal Government Payments to the Public, and Reconciliation to
Cash Withdrawals from the Account of the Treasurer of the United States
(In
millions of dollars)
March I960
15
.CASH INCOME AND OUTGO.
Table 5.-
IntraKOvernmental Transactions Excluded from Both Receipts and Payments
(In millions of dollars)
.
.
.
Treasury Bulletin
16
CASH INCOME AMD OUTGO
Table 7.- Derivation of Federal Government Net Cash Debt Transactions with the Public,
and Reconciliation to Net Cash Debt Transactions through the Account of the
Treasurer of the United States
(Net borrowing, or repayment of borroyjng
(-); in millions of dollars)
Change in public debt and agency obligations held by the publl
investment in Federal
L
curities by Government agencies
Plus:
Net sale of obligations
of Government enterprises in
the market
Public and
trust entei^
prise funds
1952
Governmentsponsored
enterprises
1,085
567
-2,224
5,816
1957
1958
1959
Trust funds
Public
enterpri
funds
3,355
3,068
1,686 1/
1,236
2,516 2/
3,883
6,966
5,189
3,115
-1,623
1953
195i
1955
1956
lei
8,363
Governmentsponsored
enterprises
U6
-77
126
101
1/
2,262
-167
1,222
1960 (Est.)..
1961 (Est.)..
1959-July.
August .
Septembe
-2,100
October.
Novembe]
Decembe]
2,957
-66i
209
.
3,976
.
646
-329
1,7U
1960-January.
Less:
Deductions for noncash and other transactions
Equals:
Net cash
borrowing
from the
public, or
repayment
of public debt securities represent'
ing expenditures, or refunds of receipts A/
Treasiiry
bills
y
Adjusted
service
bonds
bonds i/
Notes to
International
Monetary
Fund
^
Excess
profits
(-5
refund
bonds 6/
1952
1953
1954
1955
618
1956
-505
2,919
2,512
623
1957
1958
1959
-674
-450
1,361
1960 (Est.)..
1961 (Est.)..
1959-July
August
October.
November
December
3,656
-763
1960-January.
:
See Table
414
-5,969
4,606
1,339
-1,457
.
Septembe:
Source
5,760
8,678
124
1
Treasurer's
accoxint 2/
256
230
399
-3 ,100
623
Transactions
549
506
646
March
mo
17
CASH INCCKE AND OUTGO
Footnotes to Table 4
Net operating expenditures, or rccelpta (-), as meaBured by funds
provided by or applied to net security tranaactlona reflected In
Treasury reports (see Table 7). To a large extent, thee* Govemmontsponeored enterprlsee aecure funde for their operatlona by direct
borrowing from the public or by cashing Federal aecurltiee which
they hold, and_ they apply the net Income received from operatlona
to repayment of borrowing from the public or to Investment In Federal
securities. On that bagla, net expenditures for operations are
shown In this table in terms of the combined net of disinvestment in
Federal aecuritlea and sale of agency obligations In the market.
2/
iJ
i*/
and net receipts from operatlona are shown in terms of the combined
net of Investment In Federal eecurltlea and redemption of agency
obligations In the market.
Not reported prior to 19>U
See Table 7, footnote 1.
Doea not include revolving fund receipts representing acquired
securities amounting to $1,6U3,070 (par value).
Footnotes to Table 5
Federal intermediate credit bank franchise tax through December I956
and, beginning 1953, also reimbursement by Panama Canal Company for
expenses and services.
Includes reimbursement by Federal Old-Age and Survivors Insurance
Trust Fund and Federal Disability Insuremce Trust Fund for Administrative expenses, and also for refunds of taxes (treated as an
offset to refunds rather than being credited to receipts) beginning
with 1953 for the former ani 1959 for the latter; relmburseiMnt by
Highway Trust Fund for refunds of taxea; reimbursement by the District
of Columbia; payment of dividends, interest, etc., by Federal National
Columbia employees (see footnote 6), and beginning with fiscal year
1959 excludes voluntary contributions.
Consists of payments to employees' retirement funds representing
Uhited States and Government corporation shares of contributions;
payments to the Railroad FetlreiB?nt Account (for creditable military
service), the Unemployment Trust Fund, veterans' life Insurance funds,
Judicial Survivors Annuity Fund, trust fund for technical services
and other assistance under the agricultural conservation program, and
District of Colvanbla; and awards of Indian Claims Commission.
Includes payment by District of Columbia to the Civil Service retirement fxind for its share of contributions, and beginning vith 1958
also deductions from its payroll; financial adjustments among Railroad Retirement Account, Federal Old-Age and Survivors Insurance
Trust Fund, Federal Disability Insurance Trust Fund, and Unemployment Trust Fund; transfers frorn Civil Service retiren^nt fund to
Foreign Service retirement fund from 1955 through 1957; and
transfers from Railroad Unemployment Insurance Administration Fund
to Unemployment Trust Fund through 1955.
Ifisa than $500,000.
Mortgage Association's secondary market operations; and Federal
Intermediate credit bank franchise tax and repayment of capital
stock to the Treasury after December 19^6 and before January 1959.
Conelsts of payment of earnings and repayment of capital etoek to
the Treasury for 1952; and payment of franchise tax by banks
for cooperatives beginning 1955, eaid by Federal intermediate credit
banks beginning January 1959.
Includes relatively small amounts of deductions from salaries x^^id
by truat funds and Govemment-Bponaored enterprlsea.
Beginning with
fiscal year 1958 excludes deductions from salaries of District of
Footnotes to Table 6
Accrued discount on savings bonds and bills less interest paid on
savings bonds and bills redeemed.
Public debt interest due and accrued beginning June 30, 1955» effect!
date of the change in accounting and reporting from a due and payable
basis to an accrual basis; for 195A, consists only of public debt
interest checks and coupons outstanding; net increase, or decrease
(-).
Not reported as a separate clearing account prior to 195A.
Treated as noncash expenditures at the time of issuance of the
securities and as cash e3q)enditures at the time of their reden^jtion;
net issuance, or redemption (-).
Issued in 1936 in exchange for adjusted service certificates held byveterans of World War I. The bonds matured in 19^^5.
Issued in 194.7 in payment for accumulated leave. The last of these
bonds matured in 1951.
6/
7/
8/
*
Part of the United States subscription to the capital of the International Monetary Fund was paid in the form of noninterest-bearing
nonnegotiable notes payable on demand (see 19i7 Annxial Report of
the Secretary of the Treasury, pages 48, 350, and 385).
Checks outstanding less deposits in transit, and changes in other
accounts; net increase, or decrease (-). Prior to 1954 includes
also public debt interest due and unpaid (see footnote 2).
Includes |l,031 million of notes issued as part of the additional
United States subscription to the Fund authorized by Public Law
86-48, approved June 17, 1959 (see "Budget Receipts and Expenditures," Table 2, footnote 10).
Less than $500,000.
Footnotes to Tabid 7
i/
2/
2/
In this table, beginning 1954» in accordance
with treatment in Budget
documents, net investment in United States securities by Governmentsponsored enterprises includes a small amount by other enterprises
regarded as representing net transactions with the public.
In Table 4
under "Trust Account and Other Transactions," these amounts are included In trust and deposit fund account investment.
Does not include investments representing acquired securities amounting
to $1,643,070 (per value) and donation of securities amounting to
$45,800 (par value).
Accrued discount on savings bonds and bills, which is included in the
principal of the public debt, less interest paid on savings bonds and
bills redeemed.
2/
Treated as noncash transactions at the time of issuance and as cash
transactions at the time of redemption; net issuance, or redemption (Excluded from borrowing because the transactions are treated as expenditures in Table 6.
Excluded from borrowing because the transactions are treated as deductions from receipts In Table 3.
^ferket transactions in public debt securities and agency obligations.
*
less than $500,000.
iJ
^
6/
.
Treasury Bulletin
.ACCOUNT OF THE IREASTIRHl OF TOE UNITH) STATES.
Source and Availability of the Balance In the Treasurer
'8
Account
The account of the Treasurer of the United States
reflects not only budget receipts and expenditures but
also trust, deposit fund, and public debt transact lone.
account to the tax and loan account In the same bank. On
occasions, to the extent authorized by the Treasury,
The working cash of the Treasury Is held mainly in
Treasurer's accounts with Federal Reserve Banks and
their own account as well as for the account of their
branches.
banks are permitted to deposit In these accounts proceeds
from subscriptions to public debt securities entered for
customers.
As the balances In these aoooiints become de-
they are restored by calling In (transferring)
The tax and loan account system permits the Treasury
funds from the tax and loan accounts with thousands of
to leave funds In banks and In the communities In which
pleted,
they arise until such time as the Treasury needs the funds
commercial banks throughout the country.
for its operations.
Deposits to tax and loan accounts occur In the
normal course of business under a uniform procedure
In this way the Treasury Is able
to neutralize the effect of Its
fluctuating operations
on bank reserves and the economy.
applicable to all banks whereby customers of banks deposit
A detailed description of the Treasury's depositary
system may be found In the Annual Report of the Secretary
with them tax payments and funds for the purchase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's
of the Treasury for 1955,
pages 275-2Sl»-.
Table 1.- Statue of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal
year or
month
Available
funds in
Federal
1952
Silver,
Total
coin , and
operating cTirrency
balance
1954
1955
1956
5,106
3,071
4,836
4,365
4,633
1957
1958
1959
4,082
8,218
3,744
1953
497
493
etc.
In Federal
Reserve
Banks in
process of
collection
Uabilitl
nt of
1/
depositaries
of
It.
450
ao
463
520
500
274
438
190
259
306
7,481
5,096
7,243
6,362
6,712
512
426
476
166
447
240
100
S,
6,969
4,670
6,766
6,216
6,546
6,037
9,990
355
6,448
4,187
6,207
5,239
5,656
5,069
9,030
4,380
Unclassified
collections,
5,590
9,749
5,350
5,451
U6
2/
1958-Dec..
1959- July,
Oct..
Nov..
Dec,
106
110
102
4,992
5,875
6,159
406
392
424
5,930
6,709
5,353
4,990
3,559
4,216
109
102
106
5,587
4,243
4,825
380
378
6,482
5,081
5,696
5,583
4,969
4,862
4,364
5,227
Aug.,
Sept,
488
58?
1960-Jan..
Source: Daily Treasxziy statement.
1/ Consists of Treasurer's checks outstanding, reserve and other deposits
of Board of Trustees of the Postal Savings System, imcollected items,
exchanges, etc., beginning December 1954; prior to that time Included
also Post Office Department and Postmasters disbursing accounts (see
footnote 2 )
g/ Beginning December 1954, Post Office Department and Postmasters'
'
7,103
5,837
6,617
7,017
disbursing accounts are no longer treated as liability accounts
of the Treasurer of the United States, but are classified and
treated in the same manner as other disbursing accounts, in
accordance with the change in method of reporting Post Office
transactions (see "Budget Receipts and Expenditures," Table 2).
An adjustment of - t207 million in the balance in the Treasurer'
account (and in the "clearing account") reflects this change.
2/
March i960
19
.ACCOUNT OF THE TPJEASURER OK THE UNITED STATES.
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(In millions of dollars)
Proceeds from sales of securities 1/
Tax
anticipation
securities
1952
1953
1954
1955
1956
2,226
4,679
2,231
2,333
End of
period
Income (by
special
arrangement) 2/
2,451
5,243
6,861
5,977
6,035
287
5,041
4,304
8,167
13,579
15,859
19,898
20,538
23,897
13,270
10,227
4,791
2,967
4,611
5,043
2,922
6,568
45,448
U,513
13,164
26,709
27,881
29,190
4,152
7,5a
7,903
5,919
58,520
36,493
41,267
37,066
43,303
39,879
42,545
38,871
5,106
3,071
4,836
4,365
4,633
1957
1958
1959
2,976
2,824
41,6U
42,074
39, UO
55,0U
46,000
50,908
62,994
4,082
5,801
5,409
8,776
1,425
950
7,493
7,299
5,486
1,649
1,910
1,103
3,744
6,078
8,869
8,055
1,078
912
2,987
3,246
3,638
3,468
2,667
3,457
4,424
3,810
4,355
4,364
5,227
5,765
5,382
5,454
2,467
2,916
2,885
4,486
4,179
4,276
4,374
3,808
4,170
8,
as
813
3,255
4,212
3,870
3,991
3,373
195 8- December.
1959-July
August.
September
.
October.
November.
December.
1960-Januaiy.
202
176
172
1,3U
6,421
4,816
3,665
3,057
2,135
1,921
.
Source: Office of Fiscal Assistant Sec etaryj figures are on basi
telegraphic reports.
Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of United States Government
obligations purchased by them for their ovn account, or for the
account of their customers who enter subscriptions through them,
when this method of payment is permitted under the terms of the
circulars Inviting subscriptions to the issues.
2/ Taxes eligible for credit consist of those deposited by taxpayers
in the depositary banks, as follows: Withheld income tax beginning
1,285
4,5U
3,952
4,388
1,072
3,463
3,067
63
1,109
5,396
3,660
6,322
5,759
5,091
5,665
36
1/
2/
5,353
4,990
3,559
4,216
4,857
2,384
2,773
5,a2
3,058
3,246
4,559
5,663
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under
the Railroad Retirement Tax Act beginning July 1951; and a
number of excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization
may be given for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary
bank to be credited to the tax and loan account in that bank.
This procedure is followed during some of the quarterly periods
of heavy tax payments.
..
.,
)
Treasury Bulletin
20
DEBT OUTSTANDING
Table
,
Summary of Federal Securities
1.-
(In
millions of dollars)
Matured debt and debt bearing no interest
Interest-bearing debt
Total outstanding
Public debt
Guaranteed
CuaranTotal 1/
ties 2/
2,042
1,646
2,873
2,042
1,646
2,873
280,839
2,084
2,8U
2,798
2,810
256,863
270, 63i
28i,817
270,527
276,343
284,706
268,592
274,798
281,944
268,486
274,698
281,833
280,947
1959-July
August. .,
September.
288,792
290,506
288,412
288,682
290,396
288,296
285,948
287,709
285,602
October. ..
November.
December.
291,372
290,713
290,925
291,253
290,589
290,798
288,596
287,866
287,830
288,478
287,742
287,704
291, a5
291,085
27b,/M
195 8- December..
1960-Januaiy.
.
118
124
127
5/
ties 2/
(matured
2,084
285,840
287,599
285,486
256,907
263,997
268,990
271,785
269,956
1957
1958
1959
Other
1,274
1,302
1,411
1,567
1,742
2,242
2,125
2,350
2,633
2,868
259,105
266,071
271,260
274,374
272,751
1956
2,2a
2,126
2,351
2,634
2,869
259,151
266,123
271,341
27i,418
272,825
1952
1953
195A
1955
Monetary
Fund 4/
aecurities 2/ 1/
44
263 ,946
268,910
271,741
269,883
288, a5
1,068
618
1,979
2,842
2,797
2,810
437
412
426
1,989
1,971
1,971
2,775
2,847
3,094
382
380
618
1,981
2,055
2,065
3,000
118
124
127
529
597
476
2,776
2,847
3,095
106
101
110
2,999
444
430
417
2,095
Fund in payment of part of the United States subscription, pursuant
In June 1959,
to provisions of the Bretton Woods Agreements Act.
11,031 million of notes were issued for part of the additional subscription authorized by Public Law 86-48, approved June 17, 1959 (se.
"Budget Receipts and Qcpenditures," Table 2, footnote 10).
For cxirrent month detail, see "Statutory Debt Limitation," Table 2.
Source: Daily Treasuiy statement.
1/ Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
2/ Excludes guaranteed securities held by the Treasury.
2/ Consists of Federal Housing Administration debentures beginning 1953.
4/ Special notes of the United States issued to the International Monetary
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaran-
Public debt
Total
interestbearing
Public debt
and guaranteed securities 1/
ties 1/
secxiri-
ties
Total
public
debt
Nonmarket-
Total
a/
i/
1952
256,907
256,863
1953
263 ,997
263 ,946
268,990
271,785
269,956
268,910
271,741
269,883
5,982
6,432
6,300
6,388
6,952
6,431
6,298
6,387
6,950
2.329
2.438
2.342
2.351
2.576
2.329
2.438
2.342
2.351
2.576
2.051
2.207
2.043
2.079
2.427
1.711
2.254
1954
1955
1956
268,592
274,798
281,944
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
1958- December.
280,947
280,839
7,546
7,543
1959-July
August ...
September
285,948
287,709
285,602
285 ,840
285 ,486
8,299
8,815
8,939
8,296
8,812
8,935
2.909
3.072
3.137
2.909
3.072
3.138
2.954
3.207
3.238
3.577
3.670
3.847
October.
November.
December.
288,596
287,866
287,830
288,478
287,742
287,704
9,193
9,357
9,469
9,190
9,354
9,466
3.194
3.260
3.300
3.194
3.260
3.300
3.319
3.418
3.473
9,576
9,573
3.334
3.334
3.518
1957
1958
1959
,
,
,
1960-January.
288, a5
287,599
5,9.'a
able
Bills
2.480
2.485
2.659
2.720
2.751
2.789
2.824
2.675
2.746
2.671
2.585
2.705
2.578
2.575
2.547
2.590
2.606
2.482
2.576
2.619
2.853
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
2.928
2.931
3.159
2.699
2.699
2.699
2.624
2.634
2.632
2.619
2.619
2.619
3.166
3.171
3.189
2.699
2.701
2.701
2.632
2.638
2.652
2.619
3.193
2.702
2.657
1.560
1.754
1.838
1.846
2.075
2.317
2.342
1.539
2.654
1.875
2.319
1.928
1.173
2.625
3.197
1.033
3.316
3.345
3.330
2.842
2.504
2.842
3.650
3.650
3.302
3.782
3.776
2.619
2.619
2.619
4.111
4.265
3.500
3.650
4.130
4.130
3.838
3.910
3.918
4.677
4.130
3.917
.843
2.U0
2.909
2.212
Source: Daily Treasury statement.
Hotel The computed annual interest charge represents the amoxint of interest
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the applicable annual rate of interest.
The charge is computed for each issue by
applying the appropriate annual interest rate to the amount outstanding
on that date.
The aggregate charge for all interest-bearing Issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual interest
charge for the total, or for any group of issues, by the corresponding
1/
2/
2/
i/
principal amount. Beginning with data for Dscember 31, 1958,
computation of the average annual interest charge and rate is base(
on the rate of effective yield for issues sold at premium or
discount.
Prior to that date it was based on the coupon rate for
all issues.
Excludes guaranteed securities held by the Treasury.
Total includes "Other bonds"; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
March I960
21
-DEBT OUTSTANDING.
Table 3.- Interest-Bearing Public Debt
(In
millions of dollars)
. .
Treasury Bulletin
J)EBT OOTOTANDHG-
Table 5,
Special Issues to United States Government Investment Accounts
(In
Federal
Deposit
Federal
Savings
and
and Loan
Survivors Insurance
Insurance CorporaTrust Fund tion
1952.
1953.
195A.
1955.
1956.
37,739
iO,538
42,229
43,250
45, lU
846
892
835
673
1957.
1958.
1959.
46,827
46,246
673
U,756
629
996
1,533
1958-Deceiiber.
44,840
1959-Jiay
44,061
621
628
628
1,556
1,625
1,668
165
16,547
16,849
16,678
616
622
629
1,647
1,667
1,715
165
165
165
16,096
15,892
15,864
165
15,223
Au^st..
U,7a
September
44,400
October.
November.
December.
43,596
43,582
43,506
42,630
196CI-January.
U,047
165
165
19,463
18,610
17,227
National
Highway Service
Trust
Ufe
Fund
Federal
employee
retirement
funds
5,034
5,602
5,854
6,168
6,667
15,532
17,054
18,239
19,467
718
^
millions of dollars)
Federal
Old-Age
Federal
Disability
Insurance
Trust
Fund
103
112
116
1,300
1,299
1,234
1,233
1,217
7,394
7,738
1,200
1,127
17,753
663
122
122
122
122
1,U4
404
822
429
Postal Railroad UnemploySaving: Retire- ment
System
Trust
Account Fund
1/
Other
2/
March i960
23
.KEHT oxjrarAHDHc
Table 0.- Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In
millions of dollars)
:
:
Treasury Bulletin
2k-
STATIJTORY DEBT LIMITATION.
.
The Second Liberty Bond Act
(
3I U.3.C.
757 b),
authorized as follows: $6 billion beginning on August 2S,
and ending on June JO, 195^ (acts approved August 2g,
I95I+, and June 30, 1955); 83 billion beginning on July 1,
as
amended by an act approved June '}0, 1959. provides that
the face amount of obligations Issued under authority of
that act, and the face amount of obligations guaranteed
as to principal and Interest by the United States (except
IS^^,
1956,
1956);
and ending on June 30,
1957 (act approved July 9,
]958, and
35 billion beginning on February 26,
guaranteed obligations held by the Secretary of the Treasury), shall not exceed In the aggregate $2S5 billion out-
ending on June 30, 1959 (act approved February 26, I958);
and 310 billion beginning on July 1, 1959, and ending on
The corresponding limitation
I9U6, was $?75 billion
June 30, i960 (act approved June 3O, 1959).
Obligations
issued on a discount basis, and subject to redemption prior
standing at any one time.
In effect under the act of June 26,
and that under the act of September
billion.
In addition,
1958,
2,
to maturity at the option of the owner,
was $283
Table
are included in the
statutory debt limitation at current redemption values.
temporary increases have been
Status under Limitation, January 31, 1960
1,
(In millions of dollars)
Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 Ol U.S.C. 757 b)
295,000
Amount of securities outstanding subject to such statutory debt limitatio
U, S. Government securities issued under the Second liberty Bond Act, a
Guaranteed securities (excliiding those held by the Treasury)
amended
290,67i
130
Total amount of securities outstanding subject to statutory debt limitatio
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding January 31, 1960
(In
milUons of dollars)
Subject to
statutoiy debt
limitation
ity
Public debt:
Interest-bearing securities:
Marketable
Treasury bills
Certificates of indebtednea
Treasury notes
Treasury bonds
Panama Canal bonds
Not subject to
statutory debt
limitation
41,156
19,669
41,156
19,669
U,235
U,235
84,746
84,746
50
Total marketable.
Nonmarketable
U, S. savings bonds (current redemption value).
Depositary bonds
Treasury bonds, investment series
Total nonmarketable
Special issues to Government agencies and trust funds
Total Interest-bearing securities
ffetured securities on which interest has ceased
Debt bearing no interest:
tlnlted States savings stains
Excess profits tax refund bonds
Special notes of the United States, International Monetary Fund Series.
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed securities: 1/
Interest-bearing
Matured
Total guaranteed securities
Total public debt and guaranteed securities
Daily Treasury statement.
Total
outstanding
1/
Excludes guaranteed securities held by the Treasury
March I960
25
PUBLIC DEBT OreRATIONS
Table
1.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding January 31, I960
Other Than Regular Weekly Treasury Bills
(In lullllons of dollars)
26
Siarch I960
27
PUBLK DEBT OPIRATIONS
Table 2.- Offerings of Treasury Bills
(Amounts In millions of dollars)
Description of
i
Amount
maturing or
issue date
Amount of bids
Number of
days to
maturity 1/
On noncon^etltlve basis 2/
ekly bllla;
Feb.
1,931.7
732.1
fcy
Feb.
Nov.
(fey
Feb.
Nov.
May
Dec.
786.4
355.4
923.1
349.4
150.6
21.7
1,200.1
400.2
1,200.6
403.3
923.1
349.6
159.4
27.9
1,200.2
400.2
1,956.8
726.2
Feb.
1,200.5
400.2
1,896.0
803.3
May
Nov.
1,000.3
400.1
1,913.5
674.8
1,200.2
400.1
976.7
354.5
223.5
45.6
212.5
43.0
1,200.0
400.0
1,823.0
733.8
1959-Nov.
1,100.9
400.5
899-3
201.6
36.0
364.5
Dec.
Dec.
2,016.7
983.9
1,200.1
500.0
Deo.
1,930.6
1,201.3
500.0
740.3
Dec.
31..
1960- Jan.
7..
Apr.
1,950.3
744.3
July
Jan.
U..
Apr.
Jan.
a..
Apr.
Jan.
28 p
Feb.
*p.
Feb.
18p.
25p.
1,200.6
500.2
960.9
342.4
2,081.1
1,006.9
July-
1,878.1
887.6
Apr.
1,792.9
July
872.3
319.5
1,000.2
400.0
18.3
3.4
999.6
400.5
1,893.7
798.6
7U.7
1,000.4
400.2
65.5
3.4
1,201.7
400.2
July
May
Aug.
1,200.9
401.0
767.2
341.8
lip.
Feb.
906.3
435.2
2,064.4
735.1
33.0
58.3
116.5
41.8
259.9
64.4
May
1,802.7
Aug.
1,200.0
400.0
962.8
347.0
May
237.1
53.0
64.3
1.9
1,200.6
400.3
190.1
42.3
Aug.
Tax anticipation bllla;
1959-July
8
Aug-
19 2/
Oct.
21
1960-Jaii.
8 1/
1,501.8 i/
3,781.0
2,002.2
1,717.3
285.0
4,084.6
2,016.0
1,647.5
368.5
1,499.8 if
June
Other bllla:
1959-Apr.
May
July
Dec.
1960-Jan.
1
11
15
2
15
1960-Jan.
Apr.
289
340
3,444-9
3,463.9
2,006.2
2,003.3
1,733.3
1,703.4
272-9
299.9
July
366
320
366
3,173.4
3,971.2
2,303.1
2,000.9
2,006.6
1,503.7
1,813.7
1,606.9
1,152.4
187.2
399.7
351.4
Oct.
1961- Jan.
2,735.4 6'
(Continued on following page
Source: Bureau of the Public Debt. Preliminary figuj^s are from subscription and allotment reports; final figures are on "clearance" basis in
daily Treasury statement.
1/ The 13-week bills represent additional Issues of bills with an original
maturity of 26 weeks.
2/ For 13-week issues, tenders for $200,000 or less from any one bidder are
accepted in full at average price on accepted coiqjatitive bids; for
t/
4/
1/
6/
other issues, the correspondin
announcement.
Reopening of previous issue.
September 21, 1959, maturity.
December 22, 1959, maturity.
May 15, 1959, maturity.
2,006.2
Treasury Bulletin
28
POBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Equivalent
rate 7/
per hmidred
Regular weekly bills:
\ 97. 757
5
Nov.
12
Not.
19
Not.
27
4.137
4.437
f 98.
966
\ 97. 708
4.089
4.534
f 98. 905
\ 97. 602
4.332
f98.95i
f
4.7U
98. 930
t 97.675
f
98.862
527
4.501
4.891
Dec.
3
Dec.
10
f 98.828
(97.488
Deo.
17
198.854
197.556
4.535
4.834
98. 830
4.669
4.940
Dec.
Dec.
2i
\ 97.
f
197.502
31
/98.837
197.422
1960-Jan.
7
Jan.
U
Jan.
21
(98.879
197.641
Jan.
28 p
[98.960
197.671
Feb.
4p
(98.979
\97.724
Feb.
lip
f 98.
840
197.478
99. 099
[97.930
f
4.436
4.666
3.563
4.094
Feb.
18p
978
1 97.829
Feb.
25p
[98.946
197.778
4.169
4.396
97.080
97.768
4.075
3.719
4.783
4.726
Tax anticipation bills;
1959-July
8
Aug.
19 2/
Oct.
1960-Jan.
21
f 98.
%.745
8 2/
97.821
1
97.282
96.378
95.193
95.680
94.849
Other billa;
1959-Apr.
May
July
Dee.
1960-Jan.
11
15
2
15
(Continued)
On conpetitive bids
On total bids
1959-tloT.
-
3.386
3.835
4.728
98.971
97.785
Equivalent rate?/
Frlce per hundred
Equivalent rata 2/
29
PUBLIC DEBT OPEKATIOIE
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(bollsr anountB In nllliocB
)
Description of Isaua
Nunber of
dayB to
maturity
Amount
of blda
tendered
Amount
of bide
2,166
2,340
2,087
1,500
1,501
1,501
2.352
2.092
2.084
2.416
2.323
2.228
1.954
aot^epted
Average rate
on bide
accepted 1/
Cl^rcent
JuJ^
23
Aug.
Aug.
Aug.
6
20
27
Sept.
Sept.
Sept.
Sept.
3
1,782
10
17
2i
2,290
2,207
1,985
1,500
1,400
1,501
1,500
Oct.
Oct.
Oct.
1
8
15
2,192
2,167
2,277
1,500
1,501
1,500
2.106
2.007
2.106
Dec.
10
2.320
2,023
1,501
1.953
1955- Oct.
Oct.
Oct.
Oct.
2,U9
2, ACT}
1,600
1,600
1,600
1,601
1.541
1.606
1.619
1.720
Not.
Nov.
Nov.
Nov.
2,328
2,292
2,369
2,178
1,601
1,601
1,601
1,600
1.850
Dec.
Dec.
Dec.
2,202
2,282
2,654
2,328
2,317
1,600
1,602
1,602
1,601
1,601
2.088
2.135
2.104
1.981
2.122
2,624
1,700
3.283
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
2,769
2,830
1,800
1,802
3.246
3.239
May
May
May
May
2,258
2,390
1.875
2,348
2,416
1,700
1,700
3.140
Apr.
Apr.
Apr.
Apr.
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
Dec.
Dec.
Dec.
2,636
2,576
3.173
2,436
1959- Jan.
Jan.
Jan.
Jan.
Jan.
1,700
1.532
2,»0
1,800
1,800
1,800
2.359
2.604
2,511
1,801
1,800
1,803
1,800
1,803
2.920
2.668
2.927
2.804
2.647
2,291
2,382
3,088
2,987
2,872
2.649
2.774
2,814
2,857
fMar.
2,407
\ June
1,073
1,600
400
2.805
3.081
1,601
400
2.739
3.017
2,476
764
fMar.
\ June
2,394
834
(Apr.
\july
1,600
400
400
(Apr.
(Apr.
iJuly
Footnote
at end of table.
2.678
2.959
1,600
401
2.808
3.034
1,599
\july
2,178
734
(Continued on following page)
)
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Continued)
CDolIar amounte In mllllonB)
Description of issue
Number of
days to
maturity
1959-Mar.
5...
Mar.
12 2/,
Mar.
19
Mar.
26
Aug.
13....
Aug.
20
Aug.
27....
1959-|'june
\S6pt.
fJune
(Sept.
i
3
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 1/
New money
increase , or
decrease (-
March I960
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
Da*.e
subscrip-
32
March I960
33
PUBLIC DEBT OPSIATIOIB
,
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
Treasury Bulletin
3"^
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
Subscriptions for $10,000 or less were allotted n full. Subsoriptlons for more than $10,000 were allotted 26 per ent to savings-type
investors and 10 percent to all other subscriber
less than $10,000.
In addition to the amount allotted to the publi
$100 million of the bonds were allotted to Government investment
accounts.
22/ Subscriptions for $10,000 or less were allotted In full. Subs criptlons for more than $10,000 were allotted 20 percent but In no
less than $10,000.
In addition to the amount allotted to the public,
$100 million of the bonds were allotted to Govemnent Investment
accounts.
22/ Subscriptions for $25,000 or less were allotted In full. Subscriptions for more than $25,000 were allotted 2J, percent but in no case
less than $25,000.
In addition to the amount allotted to the public,
$100 million of the notes were allotted to Govemnent Investment
accounts.
21/ Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, iO percent to commercial banks for their own account, and
25 percent to all other subscribers, but in no case less than $5,000.
In addition to the amount allotted to the public, $100 million of the
bonds were allotted to Government investment
12/ Subscriptions for $100,000 or
3 were allotted in full.
Subscriptions for more than $100,000
allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
r
21/
for the notes were allotted 1: full.
In
Subscriptions for more than the
minimum for each issu
allotted 44 percent on bills and 35 percent on notes but in
than the minimum.
In addition to
the amount allotted to the public, $100
of the notes were
allotted to Government investment accounts.
24/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 47 percent but in no case
less than $100,000.
2i/ Subscriptions for savings-type Investors totaled $720 million and
were allotted 70 percent.
Subscriptions from commercial banks for
their own accoiint totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 oercent.
Subscriptions for $25,000 or less were allotted
in full when accompanied by 100 percent payment at the tine of entei^
ing the subscriptions. All other subscriptions for $50,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
28/
26/
27/
22/
i
22/
iO/
p
-
(Continued)
not less than $5,000.
In addition to the amount allotted to the
public, $50 mlllion of the bonds were allotted to Government investment accounts. Savings-type investors were given the privilege of
paying for the bonds allotted to them in installments up to April 23,
1959 (not less than 25 percent by January 23, 1959, the issue date;
50 percent by February 24, 1959; 75 percent by t*rch 23, 1959; and
full payment by April 23, 1959).
Subscriptions for $100,000 or less were allotted in full. Subscrl;^
tions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions from savings-type Investors totaled $240 million and
were allotted 65 percent. Subscriptions from commercial banks for
their cm account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
minlmums were allotted not less than the minimuma.
In addition,
$50 million of the bonds were allotted to Government Investment
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in full. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent.
Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription.
Subscriptions from all other investors totaled $2,433
million and were allotted 5 percent, but not less than $1,000 on
any one subscription.
In addition to the amounts allotted to the
public, $100 million of the notes were allotted to Government
investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature In 1960, were offered In exchange
the 4-3/4% notes, with certain adjustments as of December 15 195Q
at a price of 99-3/4*.
Smaller denominations of savings bonds
could be exchanged for the next higher multiple of $1,000 of notes
upon payment of any cash difference. Cash payments amounted to
$3 million.
Issued as a partial rollover of one-year bills maturing January
15, 1960, in the amount of $2,005 million,
Preliminary.
March 1960
35
PUBLIC DEBT OP^lATIO^B
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills
(In mllliono of dollars)
Issue
i/
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS
March I960
37
PUBLIC DEBT OPSlATIOrB
Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/ - (Continued)
(In millions of dollars)
Issue
Treasury Bulletin
3«
PUBLIC DEBT OPERATIO>B
Table 6.- Disposition of Matured Public Marketable Securl ties
Other Than Regular Weekly Treasury Bills
March I960
39
PUBLIC DEBT OPERATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills
Date of
-
(Continued)
Treasury Bulletin
i;o
PUBLIC DEBT OPERATIO^B
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
March i960
«u
PDBLK DEBT OHRATIONS
Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Treasury Bulletin
1^2
.DNITH) STATES SAVINGS BONDS,
Series E and H are the only savings bonds now being
Bold.
Series G has been on sale elnoe Hay
Series H has been on sale since June
1952.
1,
1,
and
19'^1,
Series A-D
were sold from March 1, 1935, through April 30, 1941.
were sold from May 1, 19^1, through April
Series F and
Table
1.
30,
1952.
Series J and E vers sold from May 1, 1952,
Details of the principal changes
30, 1957.
throu^ April
In Issues,
Interest yields, maturities, and other savings
bonds terms appear In the Treasury Bulletins of May 1951,
May 1952, May 1957, and October I959.
Sales and RedemptlonB by Series, Cumulative through January 31, 1960
(Dollar amounts in millions)
Amoiint outstanding
Sales plus
Redemptions l/
Sales 1/
Interestbearing debt
discount
Series A-D 2/
Series E and H
Series F, G, J, and K
3,949
100,699
31,951
1,054
U,473
1,171
Matured debt
4,978
72,634
27,412
5,003
115,173
33,122
Total A-K
Source: Daily Treasury statement; Debt Analysis Staff in the Offl
the Secretary.
Table 2.
Footnotes at end of Table 4.
Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
'1/2/
Sales plu
accrued
discount
Sales 1/
97,720
4,562
5,494
6,473
5,846
4,881
4,670
4,506
7,382
1,229
1,234
1,231
99,799
4,800
7,991
1,237
1,236
1,216
1,217
1,216
1,Z35
1,221
6,173
6,276
5,517
4,605
4,689
4,320
1,2U
1,216
1,226
1,228
Sales
price A/
105,102
5,791
6,727
7,704
7,060
6,097
5,896
5,734
47,295
U,762
5,6a
5,072
5,875
6,483
7,026
8,079
7,703
6,404
107,790
6,037
7,409
7,491
6,734
49, 7U
5,8a
5,924
5,541
6,515
7,251
7,846
8,958
8,5U
7,249
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
445
424
122
129
Source: Daily Treasuiy statement; Debt Analys:
the Secretary.
46,962
5,552
6,348
6,457
7,427
8,697
6,527
7,718
Staff in the Office of
742
588
1,404
^
Interestbearing debt
768
820
57,685
57,886
58,061
58,365
57,497
54,622
51,984
50,503
2,782
597
637
844
838
934
729
1,054
57,940
57,710
57,67?
57,924
56,293
52,474
51,192
48,154
639
680
569
574
350
309
300
358
332
377
y
Accrued
discount
658
Matured debt
128
277
360
686
624
725
50,2a
49,983
49,7a
1,304
49,434
49,280
48,154
272
494
834
47,877
396
500
Footnotes at end of Table 4-
'^3
.UNITED STATES SAVHJGS BONDS.
Table 3.- Salee and Redemptions by Perlode, Series E through K
(In millions of dollars)
Sales plus
accrued
discount
Sales 1/
Series E and H combined
65,266
4,061
i,653
5,225
5,260
4,613
4,670
4,506
5,815
1,120
1,126
1,123
1,114
1,133
1,161
1,174
67,095
4,368
4,889
5,368
5,043
6,372
1,128
1,126
1,113
1,124
4,507
4,689
4,320
1,U3
358
332
377
1,178
1,169
119
121
71,080
uy
Sales
price ij 5/
Amount outstanding
Accrued
discount 5/
.
.
Treasurif Bulletin
^k
.
DNirn) STATES SAVINGS BONDS
.
Table 3.- Sales and Redemptions by Periods, Series B through K
(In mllllona of
Redemption
Sale a plu
accrued
discoimt
Sales 1/
(Continued)
doUars)
Sales
pries
1/2/2/
V 5/
Accrued
discount
Fiscal years
65,236
3,700
3,988
4,095
1953
1954
1955
1956
1957
1958
,
,
71,050
4,821
1,13
1,114
1,133
1,161
1,174
5,218
5,333
5,052
5,049
4,862
3,919
3,889
3,688
,
,
1959
5,815
1,120
1,126
A,a9
19U-1952.
,
5,1U
36,175
4,032
4,319
4,490
4,622
4,981
4,951
4,889
34,752
3,532
3,765
3,854
3,964
4,265
4,236
4,118
38,143
4,141
4,406
36,486
3,609
3,871
3,870
4,021
4,449
4,017
4,271
636
658
716
Calendar years;
1941-1952
66,913
3,906
4,023
1953
1954
1955
1956
4,192
Months
73,285
5,034
5,U9
3,875
3,802
3,598
1,178
1,169
4,572
4/689
5,220
4,658
416
355
354
1,U3
5,304
5,a66
5,018
4,979
4,767
479
428
437
360
351
382
372
424
466
390
422
332
468
4,U2
1957
1958
1959
6,372
1,128
1,126
1,113
1,124
532
482
5,225
t
1959-July
August. . .
September.
297
269
264
October. .
November.
December..
299
83
283
89
119
1960-January.
.
30
360
665
1,130
1,041
694
782
818
182
462
866
1,177
901
631
887
722
360
363
281,
1,657
531
535
702
668
772
6U
955
Exchanges of
E bond a for
^
.
.
March i960
^
.UNITED STAXES SAVINGS BONDS.
Table 4.
Redemptions of Matured and Unmatured Savings Bonds
-^
(In mllllonB of dollars)
Unolasslfiod
Toted 1/
2/
Serlea E and H
FJBcal years:
1951
1952
1953
195i
1955
1956
1957
1958
1959
6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,5U
7,249
817
792
1,761
2,747
4,263
4,115
3,730
3,621
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
779
90
633
1,260 10/
2,115
2,345
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
518
47
990 IP/
1,672
3,9U
4,258
3,304
2,955
2,715
2,775
2,785
3,132
3,195
3,235
1,042
1,012
4,9U
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445
1,097
929
917
330
258
296
415
425
418
2,1U
1,824
1,625
5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
397
412
404
W
300
904
874
619
682
1,526
1,544
179
-84
116
185
543
Calendar years;
1951
1952
1953
195i
1955
1956
1957
1958
1959
5,651
5,074
6,U9
6,985
7,301
8,264
9,630
7,255
8,772
Months;
1959-July
. .
.
1,702
2,268
348
272
318
August.
September.
October.
NoTember.
December.
2,183
2,355
2,072
742
588
1,404
279
295
1,025
189
196
1960-Januai7
Source: Dally Treaauiy statement; Debt Analysis Staff in the Office of
the Secretary.
In these tables Series A-F and J sales are included at issue price
:
and redemptions and amounts outstanding at current redemption values.
Series G, H, K are included at face value throiighout. Matured
bonds which have been redeemed are included in redemptions. Matured
F and G bonds outstanding are included in the interest-bearing debt
until all bonds of the annual series have matured, when they are
transferred to matured debt upon which Interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of
(l) matured series E bonds for series G and K bonds from May 1951
through April 1957 and (2) series F and J bonds for series H bonds
beginning January I960; however, they exclude exchanges of series E
bonds for series H bonds, which are reported in Table 3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
"Treasury Bulletin."
2/ Includes both matured and unmatured bonds; see Table 4.
Includes total value of redemptions not yet classified between sales
price and accrued discount.
A change in procedure, beginning in June 1954, for processing redeemed
savings bonds has resulted in a high level of redemptions not yet
classified by yearly series of issue. This increase temporarily
800 8/
US
296
750
1,075
115
143
122
48
-132
obscures the relationship between the redemption coliimns showing
sales price and accrued discount in Tables 2 and 3 and also the
relationship betwen the matured and unmatured sections of Table 4.
(See also footnote 4)
The subsequent distribution of this high
level of imclassified redemptions may be large enough in any month
to show redemptions of matured and unmatured bonds in Table 4 which
are greater than the total redemptions for that month.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K in July 1954 to compensate for the erroneous inclusion of
reissue transactions in June 1954 as reported in the daily Tnasai;
statement. The amounts involved were as follows: $18 million for
issues of Series E and H and tl7 million for Issues of Series F, G,
J, and K; and $35 million for unclassified retireiKnts.
Series F and G sales were discontinued April 30, 1952, and Series
J and K sales were discontinued April 30, 1957.
Sales figures after
April 30, 1957, represent adjuatments.
Includes the December 1959 exchanges of series 1948 F and G bonds
for 4-3/4it marketable notes of which $692 million were reported In
December 1959 and $51 million were reported in January 1960.
Represents changes in the aoounts of redemptions not yet classified
as between matured and linmatured issues.
Includes exchanges of Series 1941 F and G savings bonds for Treasury
3-1/4* bonds of 1978-83.
I«sa than $500,000.
.
6/
2/
8/
2/
iO/
•
979
8/
Note
^
^
283
593
.
Treasury Bulletin
1^6
.OWNERSHIP OF FEDERAL SECURITIES.
Table
1.-
Distribution of Federal Securities by Classes of Investors and Types of Issues
(Id millions of dollars)
Interest-beeurlng securities guar^
anteed by the U. S. Government ^/
Interest-bearing securities
by the U. S, Government
Total
Federal
securities outstanding
1/
Held by U. S. Government
investment accounts 2/
Held by private
investors 2/
public
issues
259,151
266,123
271,3il
27i,418
272,825
256,863
U,335
263 ,946
47,560
49,340
50,536
1957.
1958.
1959.
270, 63i
284,817
268,486
274,698
281,833
1958-Dec
283,031
1959-July
August . .
September
288,792
290,506
288, il2
October..
November.
December.
291,372
290,713
290,925
288,478
287,742
287,704
1960-Januaiy..
291,215
37,739
40,538
42,229
43,250
53 ,470
6,596
7,021
7,111
7,286
8,356
55,501
55,842
54,554
8,674
9,596
9,799
46,827
46,246
280,839
54,338
285,840
287,599
54,037
54,584
54,184
53 ,491
53 ,698
U. S.
Public
marketable
issues
Banks -
1952.
1953.
195A.
1955.
1956.
Held by
market-
Total
outstanding
Government
investment
accounts
Federal
Reserve
Banks 2/ 5/
able
Issues
Held by
private
debt
bearing
investors
2/6/
2,2U
285 ,486
22,906
24,746
25,037
23,607
23,758
189,623
191,640
194,533
197,598
192,655
115,185
119,129
121,771
127,875
126,304
74,437
72,511
72,762
69,723
66,351
23,035
25,438
26,044
189,949
193,418
201,235
127,179
134,593
U,756
1U,983
62,770
58,825
56,252
9,498
44,840
26,347
200,154
142,620
57,534
2,084
9,976
9,862
9,784
44,061
44,723
44,400
26,543
26,690
26,563
205,259
206,325
204,739
U9,321
55,939
55,653
55,284
2,8U
43,596
43,506
26,631
26,922
26,648
208,356
207,122
207,451
153 ,645
53,604
9,895
10,117
10,098
152,638
154,226
54,711
54,484
53,225
53 ,125
268,910
271,741
269,883
10,496
42,630
25,464
209,497
156,701
52,795
45,1U
43 ,582
Source: Daily Treasury statement for total amounts outstanding; reports
from agencies and trust fi-^is for securities held by U. S. Government
investment accounts; and re^-.'s from Federal Reserve System for
securities held by Federal Reserve Banks.
i/ Includes certain obligations not subject to statutory limitation.
For amounts subject to limitation, see page 1.
Includes accounts under the control of certain U.S. Government
2J
agencies whose investments are handled outside the Treasury.
"^
ij
5/
y
»
150,672
149,455
2,126
2,351
2,634
2,869
2,042
1,646
2,873
106
101
110
2,798
2,810
118
124
127
2,776
2,847
3,095
3,000
The total amount of interest-bearing securities held by private Investor
is calculated by deducting from the total amount outstanding the amount
held by U. S. Government investment accounts and Federal Reserve Banks.
Excludes guaranteed securities held by the Treasury.
All public marketable issues.
All public marketable issues except for 1952, which includes tl million
of Commodity Credit Corporation demand obligations.
Less than $500,000.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury V
(In millions of dollars; negative figures are net salefl)
Apr.
1940
1941
1942
-9.5
-2.8
-.5
1943
-U.5
1944
1945
-9.9
-67.5
-90.3
-105.1
-48.1
-72.9
-11.5
-5.9
1946
1947
1948
-8.1
-.2
-.7
177.4
-4.7
106.8
1949
1950
1951
8.8
-6.6
36.8
-1.8
13.5
261.2
482.7
1952
22.1
24.6
7.0
6.7
8.8
-4.0
1955
1956
23.0
1957
U.3
77.2
-9.8
72.6
July
May
Aug.
Sept.
-20.9
12.0
30.0
.1
1953
1954
-1.3
20.5
-56.4
-338.6
-30.4
-69.8
-359.2
1.1
-157.8
-609.1
5.4
1.5
1.1
8.4
-54.7
-1.9
11.4
-88.4
5.1
3.5
12.9
-22.4
19.9
36.2
-2.9
2.9
35.9
18.9
10.7
13.4
29.9
46.7
35.4
56.2
5.7
313.4
-
5.1
6.3
.5
-35.2
-10.0
-34.4
3.3
-61.3
-12.1
.4
-U5.8
-74.1
-123.1
7.2
-123.0
-308.1
4.4
3.8
-2.0
4.7
4.6
5.0
2.8
-1.7
5.8
8.4
3.5
38.4
-10.0
22.5
398.8
15.8
74.8
49.2
182.4
U.8
-30.7
56.2
20.3
9.4
26.4
8.4
10.3
-123.4
-U.l
-20.3
696.4
26.6
11.5
10.7
-3.6
7.9
83.9
-67.3
234.8
21.3
33.3
10.6
U.l
1958
1959
1960
-57.6
221.0
-.8
16.5
17.0
21.1
-a.2
1.4
7.9
-21.7
2.8
-5.0
-5.9
-2.7
-28.1
-12.5
-67.8
-18.5
-17.0
-16.5
-55.6
2S.)
17.5
I
1/
Consists of purchases or sales made by the Treasuiy of securities
issued or guaranteed by the U. S. Goveituoent for (1) trust funds which
by law are under the control of the Secretary of the Treasury or of the
Treasiu^r of the United States, and (2) accounts under the control of
certain D. S. Gorvemment agencies whose investments are handled through
It will be noted that these
the facilities of the Treasury Department.
transactions differ from those reflected In Table 1 because thoy
exclude those GovemniBnt investmant accounts for which investments
are not handled by the Treasury. Table 2 also includes purchases
under Section 19 of the Second Liberty Bond Act, af iMiiltl ()1 D.3.C.
754a), and exclxides the Exchange Stabillaatlon JNmd.
less than $50,000.
5
3
^7
.OWNERSHIP OF FIEERAL SBCDRITIES
,
Table 3.- Estimated Ownership of Federal Securities
(Par THlues i/ In
bllUono of dollars)
Held by private nonbank Inveetors
u. s.
olal
banks
Ing 2/
Mutual
savings
Corporations 6/
15.9
18.6
19.5
21.8
23.7
16.1
17.3
2.5
19.7
21.4
2.2
2.3
22.7
10.1
1.9
8.2
6.3
3.1
28.7
26.0
47.3
a.i
U0.8
59.4
170.1
71.5
202.6
232.1
83.3
96.5
52.2
59.9
68.4
77.7
106.0
115.0
7.2
11.5
U.9
18.8
22.8
23.9
10.1
10.6
2.6
2.8
7.5
6.5
8.5
25.0
11.2
31.0
D.6
3.6
5.4
7.6
8.2
6.9
7.1
8.2
3.1
3.2
2.1
7.8
37.7
53.0
17.8
23.7
9.1
13.4
8.7
10.3
67.0
81.7
100.2
114.0
30.9
37.6
46.1
53.3
19.2
24.7
31.2
36.2
59.1
64.1
40.7
42.9
18.5
21.2
U.3
16.9
19.1
21.7
21.8
24.3
279.8
269.9
259.5
116.7
108.2
97.9
93.8
84.4
74.5
22.9
23.8
258.4
257.0
252.4
252.9
91.9
91.3
70.0
68.7
85.9
85.8
64.6
62.5
252.8
257.2
82.4
85.7
63.0
66.8
18.9
65.6
61.8
18.3
20.8
govem-
2.2
7.1
7.6
2.6
6.2
77.0
112.5
2.2
State and
local
ments 7/
6.5
18.4
48.
55.3
64.3
Insurance
companies
3/
i7.6
50.9
Individuals 5/
GovenuBBnt
investment
accounts ij
2.0
2.0
3.4
3.7
4.0
9.2
11.3
3.9
4.5
4.9
10.1
11.7
12.9
13.1
15.1
5.3
U.9
17.3
17.1
19.6
6.1
7.3
8.3
12.9
16.4
20.2
21.4
22.7
24.0
9.6
10.7
23.3
22.2
5.3
6.5
24.4
24.9
24.9
11.1
11.5
11.8
19.9
17.8
6.7
15.3
6.3
1.5
2.1
3.2
4.3
135.1
132.6
130.7
64.1
63.3
64.2
43.3
43.5
a.
28.0
29.1
30.9
U.2
20.8
19.9
20.1
21.9
22.6
21.4
32.8
34.4
35.8
37.3
66.6
65.7
65.8
65.5
45.5
46.2
47.1
47.8
21.1
19.4
18.6
17.6
24.6
23.9
22.8
21.2
12.1
12.0
12.0
11.5
13.7
23.3
133.7
131.3
130.7
129.7
13.6
14.8
7.8
7.9
19.3
38.3
66.6
48.8
49.3
20.5
20.1
U.4
15.8
16.8
8.0
66.3
17.8
17.0
11.6
39.4
132.2
132.1
37.8
39.2
135.6
134.9
67.4
49.9
49.6
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
132.9
131.8
65.4
64.6
64.8
65.2
49.0
49.2
66.3
22.9
24.7
U.3
45.9
130.8
133.4
83.6
89.6
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
49.3
88.7
94.1
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
49.5
50.0
87.1
86.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.0
65.0
50.2
50.2
14.8
81.0
84.4
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.7
50.3
50.1
16.3
15.6
13.6
13.2
270.6
275.0
79.2
83.7
56.2
59.5
272.7
276.4
83.5
90,7
275.6
278.6
276.8
89.8
92.1
90.8
65.3
280.3
283.2
283.0
92.4
94.2
93.9
285.9
285.2
282.2
285.5
286.4
284.8
266.1
275.2
272.8
276.7
49.4
15.7
16.0
16.8
15.4
U.l
10.2
9.8
16.3
15.5
61.1
63.4
259.2
267.4
9.6
9.5
16.0
15.9
ia.8
19.9
18.6
21.5
9.1
8.8
U.8
16.6
19.2
8.7
8.5
18.8
13.9
U.4
U.7
a.5
15.1
17.7
19.1
15.7
16.1
16.1
17.2
16.9
17.0
23.0
24.2
55.6
55.2
66.3
65.3
49.1
48.2
23.6
25.4
55.4
55.9
133.8
129.9
65.2
64.2
48.1
48.0
17.2
16.9
17.1
16.1
12.7
12.5
12.4
12.2
7.6
7.4
16.0
13.9
24.5
25.3
25.0
55.6
56.0
55.6
130.2
130.5
130.4
63.9
47.9
47.9
47.9
16.0
15.6
15.6
12.4
12.5
12.5
7.4
7.5
7.4
U.5
63.5
63.4
67.0
68.0
67.5
25.4
26.2
55.1
54.8
54.4
132.8
134.2
134.8
63.5
63.4
63.5
47.8
47.8
47.7
15 7
15.6
15.8
12.7
12.7
12.7
94.0
91.7
88.7
68.2
25.7
25.3
25.5
53.5
53.6
53.7
138.4
66.3
63.2
U9.9
64.6
65.3
139.7
66.2
47.7
47.6
47.5
16.9
17.7
18.7
13.0
12.8
12.6
90.4
89.2
87.4
64.7
63.2
25.7
25.9
26.0
53.1
54.2
54.6
142.0
L43.1
142.8
66.5
66.7
66.8
47.3
47.2
47.0
19.2
19.5
19.7
12.6
12.6
12.5
7.4
7.4
61.3
61.8
60.8
60.0
291.4
290.7
290.9
6.5
26.5
26.7
26.6
54.1
54.6
54.2
46.9
46.7
46.5
20.4
Zl.O
21.8
12.6
12.7
U7.6
12.6
60.4
59.0
26.6
26.9
26.6
53.6
46.3
22.8
22.9
12.6
12.5
12.3
87.1
85.9
86.4
66.8
65.8
59.8
26.3
U6.3
148.4
53.8
150.7
151.0
53.7
150.8
Source: Debt Analysis Staff in the Office of the Secretary.
United States savings bonds, Series A-F and J, are included at
current redemption value.
%/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed seciiritles held by the Treasury. For amounts subject to
statutory debt limitation, see page 1.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island posseasions.
Figures exclude securities held in trust departments.
Ij Holdings by Federal land banks are included under "Misoallaneous
investors" instead of "U. S. Government investmsnts accounts" after
June 26, 1947, when the proprietaxy Interest of the United States
in these banks ended.
5/ Includes partnerships and personal trust accounts. Nonprofit
69.1
69.1
69.2
i/
8/
46.2
45.9
23.3
15.3
15.0
16.9
16.8
16.7
16.8
18.0
18.2
16.8
16.7
16.7
19.8
20.2
19.5
17.0
16.9
16.8
20.9
21.4
20.0
16.9
16.8
16.7
7.3
7.3
7.3
21.8
22.8
21.3
17.0
17.2
17.3
7.0
6.9
6.9
22.9
23.2
23.1
17.4
17.4
17.5
7.3
7.4
7.4
7.3
InstltutionB and corporate pension trust funds are Included under
"NflecellaneouB Investors."
Exclusive of banks and Insurance conqxinies.
Consists of trust, sinking, and investment funds of State and local
governments and their agencies, and Territories and island poseessions.
Includes savings and loan associations, nonprofit institutions, corporate
pension trust funds, dealers and brokers, and inveatraents of foreign
balances and international accounts In this country. Beginning
December 19^6, includes investments by the International Bank for Reconstruction and Development and the International Monetary Fund in
special noninterest-bearlng notes issued by the U, S. Government.
Immediate postwar debt peak.
Prelimlnaiy,
Treasury Bulletin
ivg
.
TREASURY SURVEY OF OMITEESHIP, DECEMBEI? 31, 1959,
The Treasury Survey of Ovmerehip covers securities
Issued by the United States Oovernment 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
the United States.
Data were first published for
March 3I, ig^l, In the May I9I1 "Treasury Bulletin".
Section
I
-
Distribution of ovmerehip by types of banks and Insurance companies Is published each month. Holdings by commercial banks distributed according to Federal Reserve member-
bank classes and nonmember banks are published for June JO
and December 3I. Holdings by corporate pension trust funds
are published quarterly and first appeared In the March XS^k
Bulletin for quarters beginning December Jl,
Securities Issued or Guaranteed by the United States Governinent
Table I.- Summary of All Securities
(Par valuea - in mllliona of dollars)
19'*9.
March i960
1+9
.WEASSCC SUBVET OF OWNERSHIP, DECEMBHi 31, 1959.
Section I - Securities Issued or Guaranteed by the United States Governnent
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - in inilllons of dollars)
Treasury Bulletin
50
.
'HJEASUFT SURVET OF OVWEESHIP, DECHffiiH 31,
1959,
Section I - Securltes Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
{Par veduea - In millions of dollars)
March I960
51
.
Section II
TOEASURY SURTHT OF OWNERSHIP, DECEMBER 31, 1959,
- Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollara)
Treasury Bulletin
52
.TREASURY SURVEY
-
COMMBKCIAL BANK OHHERSHIP, DECBfflER 31, 1959
The tables whloh follow provide an analysis of the
security holdings of comoierolal banks reporting In the
Treasury survey of ovmershlp of seourltles Issued by the
United States aovemment and by Federal agencies. The
figures show the total holdings distributed according to
Federal Reserve member-bank classes and nonmember banks.
,
This analysis of oommerolal bank ownership was first
published in the May 19U4 issue of the "Treasury Bulletin'
based on the survey data for December 31, 19'>3- ^^ ^"^
appeared at semiannual or quarterly Intervals since that
time, and Is now being published for the June
December 3I survey data.
Section I.- Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollara)
3^^
snd
March I960
53
.TREASUPY SURVEY
-
COMMERCIAL BANK OWHTOSHIP, DECBMBER 31, 1959.
Section I.- Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table 3.- Public Marketable Securities by Issues
(Par valuBB - In
mlUlona
of dollara)
Treasury Bulletin
5"*
.TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP, DECIMBER 31, 1959,
Section I.- Interest-Bearing Securities Issued or Guaranteed by the United States Governinent
Table 3.- Public Marketable Securities by Issues - (Contlnuedl
(Par values - In millions of dollars)
:
March I960
55
.TREASURY SURVEY
COMMESCIAL BANK OHHERSHIP, DECIMHER 31, 1959
-
.
Section II.- Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - In milliona of dollars)
member banks
Held by
6,390
(Tax status J^ is shown in parentheses)
banks
1/
269
A, 127
member
banks
city
Banks for cooperatives
1960 (Debentures)., (taitable)
i-7/8t February
April
5-3/8
1960 (Debentures) .. (taxable)
September 1960 (Debentures). . (taxable)
5-l/i.
Total banks for cooperatives secxirities
Federal home loan banket 2/
3.80%
4-3/8
1-7/8
A-l/2
4.65
5-1/8
5
5.40
3-1/8
January
February
February
March
April
May
June
July
April
1960
I960
1960
1960
1960
1960
1960
1960
1963
(Notes)
(Notes)
(Notes)
(Notes)
(Notes)
(Notes)
(Notes)
(Notes)
(Bonds)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
(taxable)
Total Federal home loan bank securities
Federal intenuediate credit banks:
res<
30 central
Neu fork
City
city
3,828
country
.
Treasury Bulletin
56
.MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 29,
1%0
Current market quotations ehown here are over-the-
public marketable securities Issued by the United States
counter closing bid quotations In the New York market
Government except Panama Canal bonds. Outstanding
issues which are guaranteed by the United States
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
The securities listed Include all regularly quoted
Government are excluded because they are not regularly
quoted In the market.
March I960
57
.MARKET QUOTATIONS ON TREASURY SECURITIES, JANUARY 29, I960.
Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)
-
m
treasury Balleti.
5«
.MIVRKET QUOTATIONS ON TREASURY SEC DEITIES, JANUARY 29, I960.
in
.
.
.
.
.
,
,
. .
.
.
. ,
. .
.
.
,
March I960
59
.AVERAGE YIELDS OF LONG-TEIW BONDS.
Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Treasury
bonds 1/
Annual series - calendar year averages of monthly aeries
2.46
3.47
2.48
2.37
2.19
2.25
1942
1943
19U
1945
1946
1947
2.83
2.73
2.72
2.62
2.53
2.61
2.U
1948.
1949.
1950.
1951.
1952.
1953.
2.82
2.66
2.62
2.86
2.96
3.20
2.31
2.32
2.57
1954
1955
1956
1957
1958
2.55
2.84
3.08
3.47
3.43
4.08
1959
Monthly series - averages of daily series
1953-Aprll
May
3.23
3.34
June
3.40
1955-October.
November.
December.
3.28
3.24
3.29
1956-January.
February
March. .
2.97 Z/
July
August. .
September
October.
November
December.
1954-January.
February.
March. ...
April. ...
May
June
3.02
3.02
2.98
.
3.16
3.11
2.79 2/
May
3.07
2.97
3.13
June
2.93
2.69
2.62
April
3.59
3.69
3.75
April
4.01
May
4.08
4.09
1957-January.
February.
March, . ,
3.34
3.22
3.26
3.77
3.67
3,66
July
August.
September.
4.11
4.10
4.26
3.32
3.40
3.58 2/
3.67
3.74
3.91
October. .
November.
December,
4,112/
3.60
3.99
4,10
4.12
2.93
2.99
3.02
July
August....
September.
2.82
2.81
2.82
3.01
3.04
3.05
October.
November.
December.
2.91
2.95
2.92
3.06
3.11
3.13
1958-January.
February.
September.
3.76
3.70
3.80
3,20
3.30
3.40
2.68 2/
2.78
2.78 2/
July
October.
November
December.
October.
November
December.
1955-January..
February
March.
.
June
3.36
3.60
3.75
2.48
2.54
2.55 2/
April,
May, .
April
3.24
3.28
3.27
3.20 2/
July
August
September
3.28
2.87
2.89
2.90
May
3.U
Jiine
3.00
3.17
3.21
.
2.54
2.57
2.59 2/
.
3.12
May
July
August.
September
October. .
November.
December.
.
1958-Aprll
2.53
2.47
2.48
2.52
.
3.15
2.88
2.85
2.93 2/
July
August. .
September.
.
3.10
3,10
Jure.
.
.
March
3.63
3.66
3.43
3.56
2/2/
3.73
3.57 2/
3.30 2/
3.24 2/
3.28
3-25
3.81
3.60
1959-January..
February..
March
June
.
1960-January.
.
.
3.91 2/
3.92
3.92
4.12
4.27
60
.
AVHIAGE YIELDS OF LONG-TEBM BONDS.
March I960
61
JNTIRNAL REVENUE COLLECTIONS.
Table 1.- Summary by Principal Sources
(Id thousands of dollara)
Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Income Tax and
Employment Taxes*
.Individual
10
ir
Ik
945
47
-49
-51
March I960
63
-INTERNAL REVERUE COIIBCTIONS.
Table 2.- Detail of Excise Tax Collections
(In thouaands of dollars)
First two quarters of
fiscal year
Second quarter of
fiscal year
i960
(Oct. -Deo. 1959)
Alcohol tajcesi
1/
2,092,183
91,617
762,660
2,137,149
Total alcohol taxes
2,9i6,i6l
3,002,096
47,247
1,668,208
18,566
51,101
1,738,050
17,665
26,410
895,356
9,273
25,943
949,311
8,878
102, Ul
7,286
126,225
7,558
34
57,803
3,453
16
65,969
3,721
Tobacco taxeai
92,U2
772,505
1,150,268
47,616
401,869
1,239,407
48,453
4U,999
631 ,970
26,016
175,877
666,102
833,863
Distilled spirits
Wines
Beer
872,946
13,627
435,169
4,555
474,684
4,124
27,273
179,572
X/
Cigars
Cigarettes
Other
U,a68
Total tobacco taxes
DocuiBBDtary and certain other stamp taxes;
Documentary stamp taxes 2/
Playing cajxls
Silver bullion sales or transfers
Total documentary and certain other stamp taxes
Manuf actxirers
'
61,272
28,211r
1,860
lOr
34,097
2,068
30,080
U
36,173
453 ,631
483,133
19,758
74,086
231,984
58,078
49,690
45,761
12,699
18,384
485
excise taxes!
Gasoline 2/
Lubricating oil, etc
Tires, tubes, and tread rubber^
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. 2/
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs, components, etc
Refrigerators, freezers, aii^conditioners, etc
Electric, gas, and oil appliances
Pistols and revolvers
Phonograph records
Musical instruments
Sporting goods (other than fishing rods, creels, etc.).
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, film, and projectors
Electric light bulbs and tubes
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, end lighters
Hatches
39,379
61,400
1,568
18,282
1,700,253
73,685
278,911
1,039,272
215,279
166,234
152,566
40,593
62,373
2,028
20,540
U,635
U,590
11,255
4,995
90,658
22,546
24,936
11 ,675
5,589
99,894
24,288
29,401
889,529
38,367
134,512
349,180
88,503
81,348
68,440
20,026
29,171
1,161
8,822
6,217
5,981
2,706
47,160
12,513
12,884
U,617
13,909
8,444
5,262
8,816
4,354
2,623
1,636,629
69,996
259,820
1,170,003
206,104
166,720
U6,422
9,060
5,111
Total manufacturers' excise taxes
935,123
42,219
158,513
614,928
137,865
95,974
76,870
26,247
10,399
4,627
34,4a
954
10,738
8,172
7,283
2,729
47,761
13,973
U,584
18,786
67,491
131,603
40,098
43,660
U,485
10,700
15,539
724
5,055
3,568
2,768
1,016
24,253
6,497
6,774
6,a6
4,611
3,397
904
23,681
7,730
7,407
5,591
2,387
1,341
5,898
2,548
1,391
2,246,090
3,958,789
2,711
882,967
1,057,839
Retailers' excise taxes;
Furs
Jewelry , etc
Luggage , etc
Toilet preparations
28,544
156,134
58,785
98,158
29,909
156,382
9,456
66,018
26,311
49,039
9,675
69,315
28,215
54,635
5,758
31,681
12,350
24,154
5,766
32,831
13,433
107,968
Total retailers' excise taxes
3U,621
355,728
150,825
161,840
73,943
78,840
Footnotes at end of table.
61 ,468
(Continued on following page)
26,
ai
Treasury Bulletin
6»t
.JSTERSAL REVENXJE COIiECTIOHS.
Table 2.- Detail of Excise Tax Collections
(Continued)
(In thousands of dollars)
First two quarters of
fiscal year
Second quarter of
fiscal year
1959
1960
(Oct. -Dec. 1958)
(Oct. -Dec.
1959)
HlBcellaneous excise taxes;
Admissions to theaters, concerts, etc
Adralsaions to cabarets, roof gardens, etc
Club dues and Initiation fees
Long-distance telephone, telegraph, cable, radio, etc
leased wires, wire and equipment service
Local telephone service
Transportation of oil by pipeline
Transportation of persons
Transportation of property {including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed
Sugar
Diesel and special motor fuels 2/ i/
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys, pool tables, etc
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds 2/
Adulterated and process or renovated butter, filled
cheese , and imported oleomargarine
Firearms transfer and occupational taxes
Other receipts
^
Total miscellaneous excise taxes
Total received with returns and from sale of stamps....
Undistributed depositary receipts 6/
Unapplied collections
Total excise taxes
49,977
45,117
64,813
30,475
22,069
32,463
18,993
24,678
33,986
16,081
11,485
13,725
10,122
12,901
292,412
398,023
7,962
227,044
143,250
U5,702
161,457
195,327
7,947
113,715
139,508
2,910
a7,355
37
132,172
1,831
3,032
76,796
100,753
1,175
61,806
32,760
1,424
88,535
123,237
36
69,657
826
313
50,590
31,829
485
3,219
10,243
6,2a
46,945
23,850
425
3,728
7,415
2,273
357
3,117
32,532
28,098
31,533
807,167
727,455
359,519
371,840
10,847,017
10,693,198
5,362,368
5,892,081
2,633,722
2,910,714
-36,127
65,771
32,176
5i,683
42,919
60,338
279,375
370,810
35,U3
225,809
i62,989
6,137
9,383
85,911
46,061
1,038
5,780
11,733
3,139
628
6,311
33,117
1,689
86,378
52,528
969
5,888
11,006
3,403
566
923
1,527
52
26,975
15,649
222
334
1,432
372
387
25,549
11,991
160
274
2,285
345
3,051
3
22
1,741,327
466
55,409
-15,906
3,378
1,483
817
345
787
10,814,268
5,364,317
5,948,307
2,618,161
2,943,677
Source: Internal Revenue Service reports. See also Table 1.
The figiires shown include collections for credit to special
accounts for certain island possessions. Floor stocks taxes
are included with the related classes of tax.
1/ Full detail on a monthly basis is available from the Internal
Revenue Service.
Taxes on issuance and transfers of capital stock and of coi^
2/
porate securities (bonds, debentures, etc.) deeds of conveyance
and policies issued by foreign insurers.
2/ Beginning with the fiscal year 1957, collections reflect
,
6,U2
U,548
the provisions of the Highway Hevenue Act of 1956, approved
June 29, 1956 (23 U.S.C. 173)
The tax of 3 cents per poxuid, applicable to the first domestic
processing of coconut oil, is suspended from October 1, 1957,
through Jiuie 30, 1960, under in act approved August 30, 1957
(26 U.S.C. 4511).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued less amount
received with returns and distributed by detailed class of tax.
less than $500.
Revised.
r
,
.
.
,
March I960
65
.MOKETAEY STATISTICS
.
Table 1.- Money In Circulation
(in millions 'of dollars except per capita figures)
Total
money in
circulation 1/
Total
paper
money
Gold
certificates
Silver
certif-
Treasury
notes of
1890
United
States
notes
Bank
notes 2/
2/
1952
1953
195i
1955
1956
,
1957
1958
1959
29,026
30,125
29,922
30,229
30,715
27,348
28,359
28,127
28,372
28,767
2,088
2,122
2,135
2,170
2,148
31,082
31,172
2,162
2,200
2,155
26,329
26,342
27,029
27,037
27,093
26,952
109
108
108
27,013
27,566
27,647
National
bank
notes 2/
106
106
105
31,9U
29,0i0
29,071
29,699
1958-December.
32,193
31,898
31,973
31,8i8
29,674
29,732
29,589
2,126
2,126
2,126
31,905
32,489
32,591 4/
29,636
30,195
30,287
2,112
2,116
2,135
31,569
29,301
24,605
25 ,609
25,385
25 ,618
26,055
180
163
U7
30,012
a959-July
August . . .
September.
318
318
320
319
318
,
,
,
October.
November.
December.
.
1960-January.
.
316
319
312
26,799
Standard
silver
dollars
1952
Subsidiary
silver
1,678
1,766
1,795
1,858
1,948
1953
1954
1955
1956
1957
1958
1959
2,042
2,101
2,a5
1,093
1,150
1,165
1,202
1,259
1,315
1,346
268
285
l,a5
Money in
circulation
per capita
(in dollars)
^
184.90
188.72
184.24
182.91
182.64
181.52
179.08
180.18
1958-December.
1959-July
August. .
Septembe]
2,224
2,241
2,259
1,419
1,429
1,U1
179.81
179.37
178.40
October.
November.
December.
2,269
2,294
2,304
1,447
1,465
1,468
178.46
181.49
181.82
1960-Januaiy.
Source:
2/
Z/
Circulation Statement of United States Money.
Excludes money held by the Treasury and money held by or for the
account of the Federal fieserve Banks aai agents; includes paper
currency held outside the continental limits of the United States.
Treasiuy notes of 1890 in circulation are being canceled and retired upon receipt by the Treasury
1,436
^
4/
^
Federal Reserve Bank notes and national bank notes are covered by
deposits of lawful money and are in process of retirement.
Highest amount to date.
Based on latest population estimates by the Bureau of the Census;
includes Alaska beginning with January 1959 and Hawaii beginning
with October 1959.
.
6
,
,
.
7
5
Treasury Bulletin
66
.MONETARY STATISTICS.
Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In millions)
Ratio of silver
to gold and
silver in
monetary stocks
(in percent)
Gold
($35 per
(11.29+ per
1952
1953
195A
1955
1956
23,3i6.5
22,i62.8
a, 927.0
3,768.5
13.9
3,8U.3
U.5
3,863.1
3,922.4
3,994.5
15.0
1957
1958
1959
22,622.9
a,356.2
4,116.6
4,306.0
19,70i.6
4,4U.l
15.4
16.8
18.3
3.
,677.
21,799.1
15.3
15.5
4,362.5
17.5
Septembe]
19,625.9
19,523.8
19,A90.7
4,412.7
4,408.7
4,402.3
18.4
18.4
18.4
October.
November.
December.
19,585.2
19,565.8
19,455.9
4,395.0
4,387.7
4,382.7
18.3
18.3
18.4
1958-Deoeiiiber.
1959-July
August.
.
18.4
1960-Januai7.
Source: Circulation Statement of United States Money.
silver monetary stock see Table 4-
For detail of
1/
See Table
3
,
footnote
2.
Table 3.- Gold Assets and Liabilities of the Treasury
(In millions of dollars)
Uabilities:
Gold certificates
End of calendar yea
etc. i/
1952
a, 545.
a, 223.
a, 199.1
a, 458.3
1954
1955
1956
a,690.4
a, 949.5
1957
1958
1959
22,781.0
20,534.3
19,455.9
1,008.2
483.7
489.0
491.2
491.2
22,272.9
20,138.2
19,350.5
508.1
396.1
105.4
22,178.8
23,187.1
22,029.5
21,712.5
1953
2/
September.
19,523.8
19,490.7
19,520.0
19,413.8
19,389.9
105.8
109.9
100.8
October. .
November.
December.
19,585.2
19,565.8
19,455.9
19,476.7
19,464.2
19,350.5
108.5
101.6
105.4
1959-July
August..
1960-Januaiy .
19,-625.9
,
..
19,443.6
.
Source: Circulation Statement of United States Money.
1/ Comprises (1) gold certificates held by the public
Reserve Banks; (2) gold certificate credits in (a)
fund - Board of Governors, Federal Reserve System,
tion fund - Federal Reserve notes; ani (3) reserve
and in Federal
the gold certificate
and (b) the redempof $156.0 million
against United Slates notes and Treasury notes of 1890.
The United States payment of the $343.8 million increase in
its gold subscription to the International Monetary Fund,
authorized by Public Law 86-48, approved June 17, 1959, was
made on June 23, 1959 (see "Budget Receipts and Expenditures,"
Table 2, footnote 10).
A
.
March 1960
67
.
MONETARY STATISTICS.
Table 4.- Componente of Silver Monetary Stock
(In millions of dollars)
Silver held In Treasury
Silver outside
Treasury
Securing silver certificates 1/
Subsidiary
coin 2/
1952
2,109.7
1953
1954
1955
1956
2,U0.8
1957
1958
1959
2,a2.9
2,171.1
2, 194.
2,208.9
289.3
278.3
267.6
253.5
236.3
Bullion for
recolnage /^
62.9
191.7
189.6
187.6
2,251.4
2,251.4
2,251.4
187.1
184.4
182.3
1960-January.
Circulation Statement of United States Money j Office of the
Treasurer of the Dnlted States.
Valued at tl.29*- per fine ounce.
Includes silver held by certain agencies of the Federal Government.
Valued at tl.38+ per fine ounce.
Source:
3,794.1
3,837.0
3,886.6
3,930.1
4,064.1
269.3
285.4
305.5
1,402.6
1,446.2
1,513.4
4,185.4
4,362.5
4,382.7
296.2
298.3
300.2
1,483.3
1,491.3
1,494.3
4,412.7
4,408.7
4,402.3
138.2
132.0
127.4
13.8
5.9
6.6
October.
November
December
1,242.7
1,283.2
1,338.2
151.5
146.1
U.9
2,251.4
2,251.4
2,251.4
1,158.1
92.3
148.3
127.4
8.2
219.0
202.7
182.3
Septembe:
1/
2/
1/
Subaldlaiy
coin 2/
202.5
213.2
223.1
235.4
252.2
300.8
303.5
305.5
1,499.1
1,508.9
1,513.4
4,395.0
4,387.7
4,382.7
45.3
30.7
11.0
17.6
6.3
48.0
15.7
2,245.0
2,251.4
1959-July
August .
Silver
dollars i/
Total
silver
at $1.29*
per fine
l,a3.1
1,513.6
V
Valued at tl.38+ per fine ounce or at tl.29+ per fine ounce
according to whether the bullion is held for recolnage of subsidiary
silver coins or for recolnage of standard silver dollars.
68
March I960
69
.CAPITAL MOTEMENTS.
Data relating to capital movemente between the
published will be exactly comparable to those now presented.
United Statee and foreign countries have been collected
since 1935, pursuant to Executive Order 6560 of January 15,
1934, Executive Order IOO33 of February
Treasury regulations promulgated thereunder.
The first three sections which follow are published
monthly.
They provide summaries, by periods and by
countries, of data on short-term banking liabilities to
and claims on foreigners and transactions in long-term
and
Information
S,
13 ^S
,
covering the' principal types of data and the principal
securities by foreigners, and present detailed breakdowns
countries is reported monthly, and is published regularly
in the "Treasury Bulletin."
of the latest available preliminary data.
Supplementary information is
published at less frequent intervals.
Reports by banks,
Section IV provides supplementary data in six tables
securities brokers and dealers, and industrial
and commercial concerns in the United States are made
initially to the Federal Reserve Banks, which forward
bankers,
which appear at less frequent intervals.
Table 1, shortterm foreign liabilities and claims reported by non-
consolidated figures to the Treasury. Beginning April
1951*, data reported by banks in the Territories and
possessions of the United States are included in the
financial concerns,
published data.
banks and bankers, and Table
April, July,
is
published quarterly In the January,
and October issues of the Bulletin.
Table
2,
long-term foreign liabilities and claims reported by
3, estimated gold reserves
and dollar holdings of foreign countries and international
institutions, are published quarterly in the March, June,
and December issues. Table H, foreign credit
The term "foreigner" as used in these reports covers
all Institutions and individuals domiciled outside the
September,
United States and its Territories and possessions, the
official Institutions of foreign countries, wherever
such Institutions may be located, and International
organizations.
"Short-term" refers to original maturi-
and debit balances in brokerage accounts,
ties of one year or less,
other maturities.
and "long-term" refers to all
A detailed discussion of the reporting
coverage, statistical presentation, and definitions
appeared in the June
pages
'+5-'*-7.
195'*
issue of the "Treasury Bulletin,
As a result of changes in presentation
"
appeairs semi-
annually in the March and September issues. Table 5,
short-term liabilities to foreigners in countries and
areas not regularly reported separately by banking Institutions, is presented annually, appearing in the April
issue through 195S and in the March issue thereafter.
Table 6, purchases and sales of long-term securities by
foreigners during the preceding calendar year, also
appears annually, beginning with the May 1959 issue.
introduced In that Issue, not all breakdowns previously
Section I - Summary by Periods
Table 1.- Net Capital Movement Between the United States and Foreign Countries
(in DiillioDS of dollars; negative figures Indicate a net outflow of capital from the United States)
.
.
,
.
Treasury Ballethi
70
.CAPITAL MOVlMEafrS
Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in mlllionB of dollara)
Short-term claims
Short-term liabilities to foreigners
Payable in dollars
1942
4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
,
19i3
19U
1945
1946
,
1947
1948
1949
1950
1951
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
,
,
,
1952
15,158.3
16,159.1
19,325.0
1955
1956
1957
1958
1959 p
,
,
7,916.6
8,664.9
9,132.7
1/
1/
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8
5,665.3
5,890.8
6,957.0
292.9
361.2
222.7
151.1
177.2
490.6
557.1
494.3
165.4
100.4
110.8
240.6
91.8
1,048.7
904.5
1,386.5
1,548.5
1,945.7
122.9
156.5
206.5
328.1
405.4
847.5
646.5
969.0
1,056.5
1,390.8
59.0
59.4
77.2
2,199.4
2,542.0
2,637.9
385.5
439.4
487.1
1,666.5
1,904.9
1,915.0
2,384.2
2,356.3
2,391.6
437.4
422.5
457.8
1,766.4
1,755.6
1,735.2
2,394.0
432.5
483.7
487.1
1,735.4
1,785.9
1,915.0
40.6
708.3
105.4
100.3
319.6
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
49.7
70.4
51.0
72.2
948.9
1,018.7
827.9
898.0
968.4
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
61.4
43.7
43.2
40.3
48.8
1,517.3
1,544.0
3,158.1
1/
1/
U.9
18,724.2
18,811.8
19,197.4
October. . .
November. ..
December p.
9,U1.5
9,175.4
9,226.4
6,735.3
6,850.3
6,908.7
2,780.5
2,720.2
2,991.4
66.9
65.9
70.9
19,013.8
19,303.5
19,325.0
1959-July
August
September.
1960-Januaiy
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4
9,095.7
9,082.5
9,132.7
6,800.4
6,995.8
6,957.0
3,049.3
3,159.8
3,158.1
68.4
65.4
77.2
2,4ffl.9
2,637.9
506.3
699.4
47.5
98.1
78.4
101.6
211.0
163.9
U9.6
U7.3
197.7
235.7
226.1
a2.3
35.7
1,965.4
3,137.7
p..
Payable in
foreign
currencies
30.9
34.4
54.6
246.7
257.9
329.7
392.8
473.7
Other
143.7
137.2
169.7
245.0
290.5
21.6
25.5
2,972.7
2,947.0
3,001.0
3,451.7
4,041.2
3 ,547.6
10,546.1
11,648.4
12,918.6
13,600.7
M, 939.1
1953
1954
1/
1,832.1
2,836.3
2,908.1
3,620.3
Loans to
foreign banks
13.9
17.9
1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
Payable in dollars
Payable
foreign
Other
foreign
Beginning in August 1956 and again in April 1957, certain accoxints
previously classified as "Other foreign" are included in "Foreign official."
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
(In millions of dollars; negative figures indicate a net outflow of
U.
S.
Purchases
1935-41
1942
396.8 2/
164.2
Sales
Net
purchases
367.6
226.1
369.7
354.1
666.9
432.1
376.7
296.2
6.1
28.7
35.3
51.3
17.3
72.6
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
26.2
22.6
22.3
5.8
9.9
18.0
10.0
10.9
-3.9
344.8
282.4
430.0
1,236.4
283.3
330.3
333.6
294.3
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,197.1
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
669.1
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
1959-July
August...
September.
63.1
258.5
105.8
39.7
25.0
39.5
23.3
233.5
31.9
32.5
66.3
40.3
October. .
November.
December p
162.6
166.4
75.1
77.0
98.8
55.0
85.6
67.5
20.2
35.3
25.3
37.0
26.1
33.3
40.5
63.4
-
1951
1952
1953
1954
1955
1956
1957
1958
1959 p
1960- January p.
1/
2l
-15.7
-269.7
61.5
-47.9
96.4
942.1
2/
Zl
2J
2/
Zl
2J
21
^/
29.4
Through 1949, includes transactions in corporate bonds.
Through 1949, included with transactions in D. S. Government
bonds and notes.
2l
108.3
-.6
141.6
188.5
197.4
283.6
296.0
251.8
258.9
-a.6
3U.0
Net pui^
chases of
Total
purcha
dojiestic
securities
626.7
46.6
27.8
210.7
-113.1
11.7
15.3
24.3
2/
p
8,695.3
20.9
-43.0
-34.6
-97.4
9,322.1
260.6
392.9
650.4
637.9
-64.5
-150.6
-144.3
-21.2
2.9
782.1
570.9
652.2
784.1
2,011.1
1,116.3
659.9
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
120.3
1.0
55.2
135.0
127.5
256.0
1,533.3
1,384.0
2,117.6
1,069.0
1,459.4
2,056.4
2,541.8
2,633.6
2,141.0
2,985.2
2,685.7
685.2
156.4
141.8
-2.7
1,104.6
197.4
157.9
137.0
163.7
122.6
111.3
33.7
283.1
229.6
170.2
173.1
62.8
278.7
110.0
155.3
196.8
224.8
125.7
29.7
48.3
57.8
353.2
400.2
329.4
228.0
273.4
255.4
125.2
126.8
167.1
199.3
2/
Zl
107.7
Net
-ai.4 2/
684.2
,
245.3
Sales
841.6 1/
75.5
194.6
171.4
357.7
4U.5
,
1946
1947
1948
1949
1950
2U.3
Purchases
430.2 1/
96.4
151.6
136.9
260.2
-95.7 2/
25.7
70.7
513.6
377.7
,
,
1944
1945
apital from the United States)
Bonds Z/
Net
purcha
492.4 1/
138.5
170.6
268.2
393.4
1943
c
Corporate and other
Government bonds
and notes l/
127.6
71.7
333.0
192.4
U0.6
5U.1
375.3
664.0
U8.5
1,W7.9
U2.6
2,205.7
3,227.0
2,790.0
2,282.8
-56.3
362.9
2,982.5
3,790.3
292.4
U8.9
2U.0
365.2
439.7
751.0
8U.4
708.9
1,066.6
January 4, 1940, through December 31, 1941; the breakdo
stocks and bonds is not available for earlier years,
Prellminaiy.
-334.2
-89.1
-192.2
75.2
9U.4
-584.3
314.9
-11.5
U9.3
74.0
2
.
9
5
2
March i960
.CAPITAL MOVEMENTS.
Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by Foreigners
(In millions of dollars; nsgative figures indicate a net outflow of capital from the United States)
Foreign stocks
Foreign bonds
Net pxirchase
of foreign
ecurities
Total
Met
purcbasas
Net
purcba;
1S35-U
19A2
19U
U6.4
3U.3
19A5
318.1
19i6
1947
1948
1949
1950
755.9
658.7
1951
1952
1953
1954
1955
1956
1957
1958
1959 p
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
944.1
1959-July
August
September..
60.5
27.1
156.5
162.6
October. . .
November. .
December p.
52.1
53.3
75.4
92.8
140.6
1943
ai.6
3a.
589.2
1960-January p.
Not available.
Preliminaiy.
93.9
372.2
225.3
347.3
490.4
634.3
291.4
311.5
710.2
801.0
677.4
6a.
841.3
509.4
991.5
1,392.0
1,915.1
1,453.6
27.3
208.3
74.2
89.0
-29.2
265.5
24.5
-79.8
9.8
-la.o
23.3
26.6
37.3
65.2
57.1
81.7
88.8
173.8
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-509.5
272.3
293.9
310.1
393.3
-102.1
-.2
-51.8
47.5
44.4
663.6
749.2
592.8
467.2
566.1
220.5
469.6
340.9
355.4
3,152.6
227.9
391.9
247.4
402.1
855.5
-7.4
77.7
93.5
19.8
22.1
54.8
3.5
4.5
-17.5
65.6
42.6
96.7
70.8
198.2
14.6
-15.0
18.0
-24.4
715.9
293.3
410.1
763.0
-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4
-236.6
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,510.2
1,U9.7
-377.0
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,256.4
-a7.9
-5.2
108.0
71.5
200.6
a5.3
77.5
251.9
-107.3
-6.0
-51.3
110.4
94.6
146.8
110.6
144.2
203.7
-.2
-49.6
-56.8
348.7
329.6
303.4
644.9
877.9
875.2
6a.
803.7
8a.
U.O
52.7
50.2
43.6
-3.3
58.3
35.2
23.1
-39.5
-46.7
41.3
53.0
51.4
63.1
-10.1
-10.1
556.1
676.8
-46.6
265.1
39.0
-94.8
27.8
-U5.4
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-746.2
)
Treasury Bulletin
72
.CAPITAL MOVIMZNTS.
Section II - SummAry by Countries
Table !.- Short-Term Banking Liabilities to Foreigners
(Position »t and of p«rlod in mlllion» of
dolUrg
^
.
7
.
March i960
•
CAPITAL MOVaffiNTS.
Section II - Sunnnary by Countries
Table 2.- aiort-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar yea
August
September
Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland
Franne
Germany, Federal Republic
Greece
Italy
Netherlands
18.1
8.4
5.8
52.6
1.6
9.2
5.4
57.1
54.0
4.8
29.7
38.3
91.0
52.0
7.1
31.1
32.0
6.4
24.5
18.3
1U.4
157.0
4.3
43.2
20.9
140.
6.3
56.3
Norway
Poland
Portugal
Rumania
29.4
102.1
76.5
7.2
35.7
55.6
lOi.4
Yugoslavia.
Other Europe.
.3
.2
6.3
5.8
.
13.1
28.9
87.6
10.2
34.5
76.2
97.5
15.i
28.3
4.3
3.2
99.5
32.6
103.2
12.3
12.6
34.4
69.8
18.7
38.8
74.9
8.3
4.3
56.3
1.2
18.1
8.4
65.1
41.0
6.7
59.9
47.7
6.6
57.1
54.0
28.6
23.4
28.4
24.6
29.7
38.3
4.8
3.2
8.4
35.8
56.9
9.2
7.1
3.7
1.8
14.7
36.2
71.6
15.9
112.0
45.8
57.9
113.4
47.0
61.3
91.3
100.9
30.6
10.0
274.9
37.3
62.2
18.6
37.4
47.3
123.9
.9
5.2
566.0
244.6
39.8
3.1
U5.1
Ifejlco
52.1
50.6
63.0
3.3
118.1
59.3
68.7
166.1
19.1
11.8
293.0
72.1
16.2
Cuba
Dominican R
Guatemala..
Panama, Republic -of.
22.1
3.7
6.3
18.6
37.4
47.3
24.0
42.4
72.5
242.5
Netherlands W. Indies wnH
Surinaa. ..
7.0
34.1
23.5
1.0
10.3
7.3
695.9
Canada
.
80.6
43.8
7.2
32.6
U.9
51.3
u.i
.1
Total Europe.
Argentina.
Bolivia.
Brazil. . .
Chile
Colombia.
10.4
6.8
89.3
4.7
5.9
50.5
1.3
9.3
5.3
8.4
6.6
1.7
23.4
3.6
2.0
Sweden
Switzerland..
Turkey
D.S.S.R
United Kingdo
5.2
48.4
1.1
102.6
28.9
10.2
291.9
U7.5
43.8
U.5
2.8
2.9
134.2
36.5
54.6
151.0
40.0
53.4
118.9
29.1
9.4
271.1
4.9
2.3
5.9
4.0
3.2
12.2
34.7
10.9
18.5
23.4
30.8
8.4
30.7
9.8
51.9
17.9
36.0
14.8
47.1
246.7
58.7
21.0
34.5
6.1
26.8
139.4
49.3
999.7
El Salvador
Uruguay
Venezuela
Other Latin Americ
1A3.9
49.2
169.9
51.0
Total Latin Americ
3.4
3.8
6.9
5.7
5.6
a.
2.7
41.7
54.9
90.8
30.1
9.7
266.7
29.4
12.7
264.9
63.0
3.3
118.1
59.3
68.7
102.6
28.9
10.2
291.9
U1.7
52.9
2.6
2.8
3.8
4.0
24.0
22.3
34.2
6.6
23.1
34.1
13.7
39.0
16.7
33.8
15.8
39.3
136.2
49.9
32.4
8.9
40.2
142.2
49.2
U.7
U6.3
174.4
49.4
51.5
17.9
36.0
14.8
47.1
246.7
58.7
964.8
968.3
976.0
8.6
6.1
955.8
U.9
91.7
27.8
10.6
269.0
3.1
.25.5
8.5
6.5
Asia:
China Mainlaui ....
Hong Kong.
India
2.5
Indonesia.
5.5
4.1
.2
.3
21.7
31.3
23.6
Israel
Japan
Korea, Republic of.
Philippines
Taiwan
17.1
256.5
13.0
262.4
4.8
18.2
8.2
14.6
269.4
1.3
18.4
7.9
U.7
12.0
12.5
150.7
U5.3
U7.2
11.7
150.7
17.8
3.?
1.6
13.6
18.0
18.9
3.0
1.5
20.6
25.0
54.2
U5.6
1.6
52.9
5.7
66.8
6.1
9.0
87.5
13.7
106.1
12.8
106.5
Other countries:
Australia
Belgian Congo
Egypt 1/
Union of South Africa
All other
10.6
5.9
2.0
7.9
16.7
1.0
12.0
18.9
Total other coiintrles
43.0
Thailand
Other Asia
12.8
3.7
2.5
23.2
26.9
13.9
19.3
69.2
1/
1,945.7
2,637.9
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are
included in "Other Asia."
2,384.2
•
p
2,356.3
11.8
261.7
1.3
11.2
2,391.6
Less than 150,000.
Preliminary.
U.3
275.4
1.2
20.0
7.8
323.7
1.2
2.0
12.0
16.6
18.1
2.8
1.7
13.2
18.4
17.6
3.1
2.0
13.9
19.3
52.4
54.2
55.8
8.3
International
Grand total
29.4
29.3
3.9
9.0
12.5
U9.6
Treasury Bulletin
7'^
.CAPITAL MOVIMENTS.
Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thouBando of dollars
|
negative figures Indicate net sales bj foreigners or a net outflotf of capital from the United States)
.
March I960
.
CAPITAL MOVEMENTS
Section II - Sinmnary by Countries
Table 4.- Net Traneactlons In LonK-Term Forei^ Securities by Foreigners
(In thouBandB of
.
Treasury Bulletin
76
.
CAPITAL MOTEMENTS
Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners as of January 31, 1960
(Position In thouMLods of dollare)
.
..
March i960
•
CAPITAL MOTEMEanS.
Sectlon III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of January 31, 1960
(Po, iltlon
Is thouBands of dollArs)
Short-term claiBS psjrable in fomign
currencies
Short-tera claljis payable in dollars
Total
short-term
claims
Europe t
Austria
Belgium
Czechoslovakia
Denmark. .......
Finland
Collections
outstanding
for own
account and
domestic
customers
Foreign
banks and
official
institutions
Deposits of
reporting
banks and
domestic
customers with
foreigners
3,502
55,751
1,074
17,545
8,150
3,419
54,756
1,074
17,012
8,146
706
38,186
1,045
525
18
2,521
66
1,9U
France
Germany, Federal Republic of,
Greece
Italy
Netherlands
46,297
50,758
3,413
41,480
32,897
44,520
44,118
3,318
39,916
24,571
1,712
11,741
400
15,117
1,599
2,480
1,910
30,408
5,557
1,777
6,640
11
95
6,291
4,728
9,920
24,910
2,874
11,351
14,702
Norway
Poland
Portugal
Rumania ......................
Spain
7,989
3,335
2,499
7,057
3,335
2,330
554
4,282
1,323
516
Sweden
Switzerland
Turkey
D.S.S.R
United Klngdon.
Yugoslavia
Other Europe .
.
939
430
33
697
379
7,264
6,948
15,759
41,294
49,633
992
22,536
46,428
130,550
25,081
6,878
11,736
6,482
11,292
2,111
12,022
7,027
932
764
169
168
316
264
7,0U
1,3U
4,828
3,204
3,263
1,308
9,322
1,279
9,268
5
5
U,014
1,049
105,469
80,921
426
396
444
405
3,576
2,106
1,635
6,330
1,564
8,326
815
6,382
10,667
1,077
2,480
6,738
1,035
1,870
1,721
17,067
50,616
49,638
83
29
2,U8
162,173
78,643
11,596
56,185
I* tin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia.
63,773
3,065
138,973
57,802
71,062
38,565
3,065
138,742
57,786
71,019
i,436
20
52,805
16,690
7,091
Cuba
Dominican Republic ....••..•.•••..,
Guatemala
Mexico
Netherlands U. Indies and Surinam.
90,906
29,171
12,072
287,821
2,604
90,778
29,166
12,071
285,154
44,199
7,086
2,504
123,378
2,603
13
I^nama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other lAtln America
17,773
35,162
9,947
46,799
313,521
54,374
17,759
35,154
9,947
46,792
311,098
54,308
4,631
57
23,275
4,128
6,334
2,038
60,090
692
28,308
4,126
5,690
29,502
1,892
11,620
1,839
72,184
1,000
4,099
23,741
98,519
4,665
9,852
3,930
617
3,123
50,582
11,551
4,341
17,104
3,425
1,827
390,308
Total latin America.
U,438
9,530
18,553
2,988
18,224
12,545
27,817
204,893
62
U,463
25,208
14,088
26,581
U,U3
26,932
18,101
112,083
11,160
253 ,188
355,618
2,220
2,886
211
28,543
12
1,562
2,232
31,958
914
10,741
201,774
i9,9U
364
63
Asia;
China Mainland
Hong Kong
India.
iDdoneela.
IXVD
2,482
10,864
5,941
2,477
10,827
5,585
as
2U
29,561
29,561
794
901
113,671
196
20,453
6,418
U,459
U,459
348,715
1,127
23,639
8,831
348,659
1,127
13,677
150,506
Israel
Japan
Korea, Republic of,
RilllpplneB
Taiwan
2,475
7,092
1,079
13,672
150,179
Total Asia....
23,633
8,831
585
1,256
2,224
195
133 ,542
609,221
866
2,210
1,932
14,750
9,358
356
4
169
1,967
88,067
Other coxmtries:
17, 9U
Australia
Belgian Congo
Egypt 1/
Dnion of South Africa.
All other
12,196
19,590
16,532
3,265
1,488
11,708
18,994
Total other countries.
54,578
51,987
3,325
1,53
3,047
7,309
3,232
332
9,208
12,945
6,596
33,026
479
128
2,286
2,051
136
321
716
488
596
1
International
Grand total
1/
2,702,843
863 ,574
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on claims on Syria are not available separately, but are
included in "Other Asia."
676,074
228,768
Treasury Bulletin
78
.CAPITAL MOVEMEOTS.
Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During January 1960
(In thousanda of dollars)
i/
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on purchases and sales by Syrif
not available separately.
but are included in "Other Asia,"
March
mo
.CAPITAL MOVEMENTS.
Table 2.- Long-Term
1/
Section IV - Supplementary Data by Countries
Liabilities to and Claims on Foreigners Reported by Banks and Bankers
(Position at end of period in thousands of dollars)
.
Treastwy Bulletin
20
.
CAPITAL MOVEMENTS
Supplementary Data by Countries
Section IV
Table 3.- Estimated Gold Reserves 1/and Dollar Holdings of Foreign Countries
and International Institutions
-
(Position at end of period in millions of dollars)
.
March I960
SI
,
CAPITAL MWEMBNTS
Section IV - Supplementary Data by Countries
Table 4.- Foreign Credit and Debit Balances In Brokerage Accounts
(PoeltloD at and of period in thouflapde of dollftre)
.
:
.
Treasury Btdletin
82
.CAPITAL MOVEMENTS.
Section IV - Supplementary Data by Countriee
Table 5.- Short-Term Liabilities to Foreigners In Countries and Areas
not Regularly Reported Separately by Banks and Bankers ^
(Position at end of calendar year in thousands of dollars)
"Other Europe"
3a
1,319
1,788
326
364
182
1,222
1,889
1,022
4,8i7
13,7i5
1,012
786
672
3,127
9,079
648
2,922
8,995
3,519
9,972
602
13,188
4,287
1,420
16,382
5,417
1,175
16,113
5,906
24,102
14,586
17,991
968
3,986
16,352
22,722
40,863
24,516
17,366
538
7,651
3,576
10,193
11,802
3,985
12,642
12,703
5,134
11,329
3,439
Afghanistan
Bahrein Islands
British dependencies
Burma
Cambodia
i,130
539
8,152
19,122
5,283
1,726
7,413
7,041
13 ,108
17,190
7,969
6,682
19,981
4,277
5,893
24,918
Ceylon.
Iraq. .
32,918
34,38
U,135
19,617
1,575
5,893
33,135
18,027
2,772
10,274
20,918
37,903
1,241
1,242
5,579
3,066
15,227
Albania
British dependencies.
Bulgaria
Eastern Gerraany
Estonia
Hungary
Iceland.
Ireland, Republic of.
Latvia
Lithuania
Luxembourg.
Monaco
Trieste....
572
3,125
1,749
409
317
1,428
1,670
28i
3,094
5,593
1,387
"Other Latin America"
British dependencies
Costa Rica
16,623
17,586
U,892
French West Indies and French Guiana
Haiti
Honduras
Nicaragua
Paraguay
"
583
12,116
9,725
12,8a
6,33
Other Asia"
3,100
41,220
16,925
2,006
5,344
37,349
Lebanon
Malaya, Federation
Nepal
Pakistan
Portuguese depende:
I^iikyu Islands....
18,036
1,645
22,305
1,358
5,685
1,990
34,033
20,154
2,682
30,646
28,204
1,560
694
12,784
3,074
32,735
Saudi Arabia.
Syria 2/
Vietnam
79,486
13,131
62,323
97,379
17,082
50,057
94,811
3,539
58,479
60,151
4,698
48,822
2,U0
3,769
24,160
10,532
2,275
35,085
10,686
22,979
10,671
1,799
27,759
6,473
13,002
6,405
32,218
19,240
1,882
4,420
1,287
25,364
18,130
6,861
4,049
1,254
426
5,171
269
Kuwait.
Laos
U,68l
1,210
3,506
U
271
"Other countries"
British dependencies
Ethiopia (including Eritrea).
French dependencies
Liberia
Ubya
23,669
8,026
13,063
9,895
3,669
3,726
Morocco
Morocco (excluding Tangier)
Tangier
New Zealand
Portuguese dependencies
Somalia
Spanish dependencies
Sudan
Tunisia
14,847
33,471
1,850
5,340
13 ,639
22,427
2,187
183
686
673
The data in this table are based on annual reports from banks and bankers
in the Second (New York) Federal Reserve District only, and include funds
held in an account with the U. 3. Treasury. Area totals will not agree
xjith those shown for the corresponding dates for "Other Europe,"
"Other Latin America," "Other Asia," and "Other Countries," In the
regular monthly series in the "Treasury Bulletin." Countries have
2/
a.
been omitted or grouped to avoid revealing individual accounts or
the foreign position of any reporting institutions.
Part of United Arab Republic (Egypt and Syria) since February 1958.
Data on liabilities to Egypt appear in Section II, Table 1, and
Section III, Table 1.
Not available.
mo
March
«3
.COBPORiOMOHS AHD CERTAIK OTHER BUSIHESS-TYPE ACTIVITIES.
The current financial statemente of corporations and
certain other business-type activities of the United States
published quarterly and appear as Section
of tables.
I
In the series
The first data under the new regulations are
^^^ were presented in the August I956
Government which appear In the 'Treasury Bulletin" begin-
for March 3I, 1956.
ning with the August 195^ Issue are compiled from report*
Bulletin.
submitted to the Treasury under Department Circular
s^plioation of funds are published semiannually, for June 30
and December 3I reporting dates, and appear as Sections II
and Supplement No. 1,
The regulations so Issued are pur-
Issued January 30,
No. 966,
Issued June
I956.
1,
suant to Section
11^+
I9561
of the Budget and Accounting Proce-
dures Act of 1950 (31 U.S.C. 66 b),
and represent another
and III.
Statements of income and expense and source and
The first of these statements under the new
regulations cover the fieoca year 195^, and were published
in the January 1957 Bulletin.
Within the sections, ths
step In the program of comprehensive and integrated Gov-
agencies are grouped in separate tables by type, as follows:
ernment accounting and financial reporting for which
authority was provided In that act. They supersede
public enterprise revolving funds, intragovernmental
Budget-Treasury Regulation No. 3, Issued under Executive
Order No. 8512 of August I3, Ijl^O, as amended by Execu-
and trust revolving funds.
revolving funds, certain other activities, deposit funds,
tive Order No. 908"* of March 3, 19^2, under which financial statements previously published in the Bulletin
all executive agencies and activities not reporting under
were submitted.
Department Circular No. 966, but required only a statement
Supplement No. 1 added to the coverage by including
of financial condition annually as of June
In coverage.
"iO,
These are
Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership Oovemment corporations specifically
mainly not business-type activities, and Qiose which had
Included In the Government Corporation Control Act, as
temporarily to report only the asset side.
amended
plement rounds out provision for the information on
(
3I U.S.C.
8Wi,
S56);
and all other activities
of the Government operating as revolving funds for
vrtiloh
not yet developed formal accounting procedures to provide
complete balance sheet types of statements were authorized
Thus the sup-
properties and assets of the United States Government which
business-type public enterprise or Intragovernmental fund
the Treasury has been asked to furnish to the Committee on
budgets are required by the Bureau of the Budget.
Government Operations, House of Representatives, for a
continuing study of the assets of the Government. The
Other
activities and agencies whose operations, eervloes, or
functions are largely self-liquidating or primarily of
a revenue-producing nature, and activities and agencies
whose operations result in the accumulation of substantial
inventories,
Investments and other recoverable assets,
first comprehensive reporting under Supplement No.
1
is
for June 30, 1957i ahd the data were published in the
December 1957 issue of the Bulletin as Part B of Table k
in Section I.
may be brought under the regulations as agency accounting
systems are developed to the point where they are capable
of furnishing the financial reports required.
A summary of loans outstanding for a series of dates
included in Section I of the Bulletin presentation
beginning with the June 195« issue. Two classifications
is
Four kinds of financial statements are called for by
application of funds, and certain commitments and contin-
one by type and one by agency.
Data prior to 1956 are based on the earlier reporting
requirements, which provided for complete coverage of
gencies.
Government lending agencies.
Department Circular No. 966. They are statements of
financial condition. Income and expense, source and
i
The statements of financial condition are
of the loans are shown,
ai^
.CORPORATIONS AMD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table I.- Summary by Specified Classee of Activities, September 30, 1959
:
.
March I960
CORPORATIONS AND CERTAIN OTHKR BUSINESS-TWE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(Id thousands of dollara)
Office of
Civil and
Defense
Mobilization
Civil defens
procurement
fund
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury 1/
Investments:
Public debt securities (par value)....
Securities of Government enterprises..
Unamortized premium, or discount (-)..
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable
Government agencies
Other (net)
Inventorie s
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprise:
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net ) .
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
.
Total assets
Development
loan
fund
International
Cooperation
Administration
Foreign
investment
guflrantj
fund
Defense
productio
guarantle
Export-Import Bank
of Washington
Regular
lending
activltie
1^6,254
2,593,087
1,021,072
63 ,Obi,
-8,593
177,113
3,935
14,723
875,450
299,621
9,046,616
-3,020,784
6,317
810
74,702
10,911,778
85,311
-278,349
205,419
4,892,887
-990,597
30,055
85,311
247
-113
5,802
842,874
890,667
26,968,513
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Tr-jst and deposit liabilities:
Government agenda s
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the D. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
Total liabilities
4,609
63,152
52,736
797,399
1,111,229
3,051,075
Ngr IJiyESTt<EMT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S, Treasury..
Other
Nonlnterest-bearlng investment:
Capital stock
Appropriations. ........*........-...
Capitalization of assets (net)
Other
Accniwilnted net Income, or deficit (-)
Deposits of general and special fund
revenues (-)
Atomic
Energy
Commission
115,801
387,953
178,948
154,808
36,798
146,308
1,316
4,364
18,799 2/
100,000
19,349,381
679,756
1,923,100
1,056,000
7,586,723
1,327,615
-409,624
-5,772,411
1,000,000
890,000
22
254
4,609
890,276
Total United States Interest
571,222
3,494,322
Total liabilities and investment
26,968,513
890,667
4,609
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accujmilated net income, or deficit (-)..
29,689,850
-5.772.411
890,022
254
3,5l3,12i
4.609
Investment incl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
-943,259
399,892
Investment excl. Interagency Items
23.374.072
U. S.
Footnotes at end of Table 8.
3,494,322
890,276
D. S.
-11
13,019
1.500
890.499
(Continued on follovlng page)
4.609
3.507.331
~
t
Treasury Bulletin
86
.CORPORATIONS AHD CERTAIN OTHER BUSINESS-TYRE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(In thousands of dollars)
.
Credit Adroinistrati
Federal
Expansion
of defens
productio
Mortgage
Corpora
ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasui7 l/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Goveminent agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Govemioent enterprise;
Other
Loans receivable:
Govemnient agenc ie s
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net
)
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Goveminent agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Govemraent agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not ^aranteed by the U. S
Other liabilities (including reserves)...
Total liabilities
NET INVESTt^ENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearlng Inveatment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
Total United States interest
Total liabiliti
estroent.
28,366
28,590
4.083
-
(Continued)
March i960
87
.CORPORATIONS AND CKRCAIH OTHER BUSIMESS-TYPE ACTIVITIES.
Table 2.
Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, September 30, 1959
(In tbousajid8 of dollars)
(Continued)
nnT?PnPATTONf!
/u\
March i960
89
.CORPORATIONS AHD CERTAIH 07EER BUSIKESS-TyPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(In thousanda of dollars)
(Continued)
t
.
Treasury Bulletin
90
.COBPOEATIONS AND CKRTAIN OTHER BUSDJESS-TYEE ACnVTTIES.
Section I - statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(Continued)
(In thouaanJa of dollarB)
Housing and Homo Financa Aganoy - (Continued)
Offloa of the Adminlatrator - (Continued)
Public works
planning
fund
ASSETS
Caah in baiika, on hand, and In traneit...
Fund balances vrith the U. S. Treasury 1/.
Investments
Public debt securities (par value)
Securities of Govomitent enteiprises.
Unamortized premium, or discount (-).-.
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable
Government agencies
Other (net )
Li qiil dating
programs
I
.
32
27
649
Inventorie s
Allowance for loaaes (-)
Accrued interest r«ceivabloi
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Govemmant agencies
Other; U. S. dollar loans
Foreign currency loans
Allowance for leases (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net )
Total assets
21,476
29,352
LIABILITIES
Accounts payable 1
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from;
Government agencies
Other
Trust and deposit liabilltlest
Government agencies
Other
Bonds, debentures, and notes payable;
Government agenclea
Other Guaranteed by the n. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
:
Total liabilities
NET HWBSTMHIT
United Statas intereat;
Interest-bearing Investment;
Capital stock
Borrowings from the D. S. Treasury..,
Other
Noninterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
,
Accumilated net income, or deficit (-)
Deposits of general and special fund
Total United States interest...
Total llabiUtles and investment.
-6^8
1,504,247
276,852
-388,444
-1,179,353
29,352
213,302
30,000
215,786
Urban
renewal
fund
March I960
91
.COKPORAHONS and CEFTAIN other BUSIMESS-TXEE
iUJi'lViXIJaB.
Section I - statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1050
(in thoueandfl of dollaro)
-
(Continued!
Treasury Bulletin
92
.COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(Continued)
(In thousandB of dolJars)
Commerce Department
-
(Continued)
Maritime activltle
Federal ship
mortgage
inaurance
fund
ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury l/.
Investments:
Public debt secvirities {par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
land, structures, and equipment
Accumtlated depreciation (-)
Foreign currencies
Other assets (net )
Vessel
operations
revolving
fund
War risk
Insurance
revolving
fund
Inland
Waterways
Corporatio
Defense
production
guaranties
Wherry
Act
housing 10/
63
6,259
1,^9
-1,^9
7,827
9,085
Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trast and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
2,659
217
432
3,500
6,172 2/
Total liabilities
NET DIVESTMENT
United States interest:
Interest-bearliig Investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
15,000
187,000
12,298
-14,189
Total United States interest
2,913
Total liabilities and investment
9,085
2A,315
25,318
43,490
1,124
13,110
230,490
1,128
H ,508
671, 51i!
1,124
27,298
-14,189
187,000
43,490
AMAUSIS OF UNITEE STATES DIVESTMENT
(-)...
1,400
1.513
24.315
S. investment incl. interagency items.
Interagency items;
Due from Government agencies (-)
Due to Government agencies
6.172
-3,973
234
Unit«d States investment
Accumulated net income, or deficit
0.
U. S. investment excl. interagency lt«ms.
Footnotes at end of Table
8.
(Continued on following page)
March 1960
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TXPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
fin thousanda of dollars)
(Continued)
Treasury Bulletin
SK
.CORPOEAIIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(In thousanda of dollBra)
-
(Continued)
March 1960
.CORPORATIONS AMD CERTAIN OTHER BUSmESS-TTEE ACTIVITIES.
Section I - StatementB of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
(In thousands of dollars)
-
(C!ontlnued)
Treasury Bulleiin
96
.
COEPORATIONS
MD
CERTAIM OTHEE BUSINESS-TYEE ACTIYITIES.
Section 1 - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, September 30, 1959
{In thousands of dollars)
-
(Continued)
March
mo
97
.
CX)RPORATICWS AND CERTAIN OTHER BOSHJESS-TTPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1959
(Id ttaouaaods of dollars)
Treasury Bulletin
98
,
COBPORATIOHS AND CERTAUl OTEER BOSmBSS-TTtPE tCriVlTltS.
Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, September 30, 1959
(In tiiouaande of dollaro)
-
(Continued)
.
i'Mawh I960
99
.
Table 3.
CORPORATICBH AND CERT AIR OTHEP BUSIKKSS-TYEE JCTIWl'liU
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, September 30, 1059
(Id thouaands of dollars)
(Continued)
Treasury Bulletin
100
.
Table 3.
COEPORATIORS AHD CERTAIN OTHER BUSIKESS-TrHE ACTIVITIES.
Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, September 30, 1959
(In thouaands of dollars)
-
(Continued)
March I960
.COEPORATIONS AND CERTAIN OTHKR BUSmESS-TTPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certa In Other Activities, September 30, 1959
(In thousands of dollars)
Treasury Bulletin
102
.COKPORAIIONS AND CERTAIN OTHEE BUEJJESS-TyEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1959 - (Contlnuedl
(In thousapdB of dollars)
:
March I960
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1959 - (Continued)
(In thousands of dollars)
Agriculture
Department
General Services Administrati
Public Works
Administration (in
liquidation)
Strategic
and critic
materials
Rural
Electrification Adminis
Loans to students
(Uorld War II)
ASSETS
Cash in banks, on hand, and in transit..
Fund balances with the U. S. Treasury^
Investments:
Public debt securities (per value)....
Securities of Government enterprises..
Unamortiaed premium, or discount (-)..
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventorle s
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprise
Other
Ii?ans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)...
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
136,063
481,985
422
5,479
6,852,524
5,001
75,969
14,937
2,952
13,741
3,825
3U
2,027
837,372
1,127,474
3,028,631
-83,428
-14
380,640
Total assets
6,995,094
763
-763
4,677,800 8/
-1,824,245 2/
579
2,110,170
2,1U
LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)..
200,878
-9,334
506
2,523
22,800
7,824
1,289
121,156
80,027
4,120
348
810
12,673
4,436
Total liabilities
6,782
NET mVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S, Treasury..
Other
Nonlntersst-bearing Investnent:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
l^venues (-)
Total United States interest
1,667,052
investment incl. interagency items
Interagency items;
Due from Government agencies (-)
Due to Government agencies
S.
8.
-1,823,899
3,365,959
3,298,554
80,109
6,995,094
1,667,052
-1,586,943
1,088,039
-186,993
3,598,008"
-881,310
3,359,876
-78,086
5,189,858
-1,823,899
901,046
-27,993
26,920
inveataent excl. interagency items
Footnotes at end of Table
2,140,214
3,930,792
-1,046
-78,086
-251,650
0. S.
U.
279,160
3,281,789
-1,586,9«
Total liabilities and investment
AWALtSIS OF UWITED STATES INVESTMEHT
United States Investmnt
Accumulated net income, or deficit (-)..
528,481
438,226
-4,448
-186,993
-30
3,040
-2,996
80,623
3,296,841
(Continued on following page)
Treasury Ballelin
lo'^
.COEPORATIONS AND CERTAIN OTHER BUSINESS-OTPE ACTIVITIES.
Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, September 30, 1959 - (Continued)
(In thousands of dollars)
March I960
105
.
COEPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section I - StatementB of Financial Condition
Table 5.- Certain Deposit Funds, September 30, 1959
(Id thouflasdB of dollAre)
lo6
Treasury Bulletin
.CORPOEATIONS AMD CERTAIN OTHEE BUSDJESS-TXEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 6.- Certain Trust Revolving Funds, September 30, 1959
(In thousands of dollars)
March
mo
107
-CORPORATIONS AND CERTAIN OTHER BUSIHESS-TYPE ACTIVITIES.
Table 6
-
Section I - Statements of Financial Condition
Ce rtaln Trust Revolving Funds, September 30, 1959
(In thousands of dollars)
(Continued)
IQB
Treasury Bulletin
.COBPORATIONS AND CERTAIN OTHKR BUSIHESS-TYFE ACTIVITIES.
Section I - Statements of Financial Condition
Table 7,- Loans Outstanding, September 30, 1959, Excluding Interagency Loans,
Classified by Types of Loans
{In thousands of dollars)
United States dollar Ic
Certain othe
Type of loan and lending agency
ing funds
To aid agriculture:
Loans to cooperative associations:
Farmers Home AdminlstrBtion
Rural Electrification Administration
Crop, livestock, and conunodity loans:
10,132
3,023,631
Commodity Credit Corporation
Disaster loans, etc., revolving fund
Farmers' Home Administration
Virgin Islands Corporation
Storage facility and equipment loans:
Commodity Credit Corporation
1,319,855
70,4L2
i,5l6
'
Farmers Home Administration
Farm tenant mortgage insurance fund
Guaranteed loans held by lending agencies:
Commodity Credit Corporation
Other loans:
Farmers Home Administration
422,566
37,739
'
'
Total to aid agricultxire
To aid home owners:
Mortgage loans:
Federal National Mortgage Association:
Management and liquidating functions....
Special assistance fxinctlons
Housing and Home Finance Administrator:
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Liquidation of Hoonah housing project.
Veterans' Administration:
Direct loans to veterans a
Loan guaranty program
Other loans:
Veterans' Administaetion:
Direct loans to veterans a
Loan guaranty program
1,978,099
1,^82,936
85^,918
3,930
Total to aid home owners
To aid industry:
Loans to railroads:
Expansion of defense production:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Finance Corporation liquidation
Ship mortgage loans:
Commerce Department:
Federal ship mortgage insurance fund
Maritime activities
Other loans:
Expansion of defense production:
Interior Department
Treasury Department
Defense production guaranties:
Air Force Department
Army Department
Navy Department
General Services Administration
Other purposes:
Export-Import Bank of Washington
General Services Administration:
Reconstruction Finance Corporation liquidation
Housing and Home Finance Administrator:
Liquidating programs
Inland Waterways Corporation
Interior Department:
Bureau of Commercial Fisheries:
Fisheries loan fund
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation
Treasury Department:
Civil defense loans
Reconstruction Finance Corporation liquidation
Virgin Islands Corporation
Total to aid industry
Footnotes on following page.
fund...
fund...
^,366
6,250
301,1^8
fund...
3,973
fund...
I5i
709,396
1,319,855
70, a2
Foreign
currency
loans 1/
March I960
109
.CORPORATIONS AUD CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section 1 - Statements of Financial Condition
Table 7.- Loans Outstanding, September 30, 1959, Excluding Interagency Loans
Classified by Types of Loans - (Continued!
HH-2
(In thousands of dollars)
United States dollar lo
Type of loan and lending agency
Public enterprlB
revolving funds
To Bid States, Territories, etc.:
General Services Administration:
Public Works Administration (in liquidation)
Housing and Home Finance Administrator:
Public facility loans
Liquidating programs
Urban renewal fund
Inland Waterways Corporation
Public Housing Administration
Treasury Department:
Miscellaneous loans and certain other assets
,
,
,
,
,
79,359
36,85Q
8,1^0
80,041
9
90,688
36,859
8,140
80,041
3,472,787
12,019
1,8A7,296
3,472,787
12,019
,
Total to aid States, Territories, etc
Foreign loans:
Expansion of defense production:
Export- Import Bank of Washington
Other purposes:
Coraraerce Department:
Maritime activities
Development loan fund
Export-Import Bank of Washington:
Regular lending activities
Liquidation of certain Reconstruction Finance Corporation asset;
International Cooperation Administration
Treasury Department:
Miscellaneous loans and certain other assets
Total foreign loans
Other loans:
Health, Education, and Welfare Department:
Office of Education:
Loans to students (World War II)
Housing and Home Finance Administrator:
College housing loans
Liquidating programs
Interior Department:
Bureau of Indian Affairs:
Revolving fund for loans
Office of Territories:
Loans to private trading enterprises
Small Business Administration:
Revolving fund (lending operations)
Reconstruction Finance Corporation liquidation fund
Treasury Department:
Miscellaneous loans and certain other assets
Veterans' Administration:
Service-disabled veterans' insurance fund
Soldiers' and sailors' civil relief
Veterans special term insurance fund
Vocational rehabilitation revolving fund
614,923
8,1A2
'
Total other loans
Total loans
1/
The dollar equivalents of these loans are computed for reporting
purposes at varying rates. Where the loan agreements stipulate
a dollar denominated figure, the loans outstanding are generally
valued at agreement rates of exchange. Loans executed in units
of foreign curirency are valued at the market rates (i.e., the
rates of exchange at which Treasury sells such currencies to
Government agencies).
686,051
20,598,43-i
y
Foreign
loans"!/
6
.
Treasury Bulletin
110
.CORPORATIONS AND CERTAIN OTHKR BUSINESS-TyEE ACTIVITIES.
Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods, Excluding Interagency Loans
Part A.- Classified by Types of Loans
(In millions of dollars)
To aid home
To aid agricultur
Total
End of
period
1/
Fiscal years:
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Calendar years
1950
1951
1952
1953
1954
1955
1956
1957
1958
Current quarters:
1958- March
September
1959-March
September
Total
to aid
agricultu
Agricultural
credit
corporations
Cooperative
associations
2,526.9
508.8
517.1
566.7
597.6
628.7
596.4
289.8
357.5
399.5
23.4
30.9
2,468.6
2,589.6
2,721.7
2,954.1
3,152.0
3,394.2
952.4
812.8
1,453.8
3,116.2
3,026.2
2,669.7
2,441.6
1,840.7
3,333.9
3,169.8
3,302.9
3,4^7.4
3,614.6
2.587.1
2,037.9
3,994.8
1,537.2
360.3
381.3
419.0
475.1
1,659.0
1,958.8
2,174.3
2,333.3
2,467.9
2,604.4
2,774.4
2,979.3
3,191.6
3,509.3
,884.1
1,892.5
2,171.5
,091.5
,755.6
,851.1
1,929.2
1,715.4
.,785.4
.,681.1
1,684.9
507.1
629.1
671.3
589.8
635.6
686.5
733.6
928.8
1,160.5
23,499.5
23,717.4
27,330.5
27,588.9
7,604.1
7,389.2
9,629.7
7,636.3
1,039.4
1,233.9
1,313.4
1,562.3
',506.3
31...
30...
31...
30
Footnotes on page 113.
.
.
.,161.3
,070.3
1,810.5
to aid
commodity
loans 2/
21.6
25.5
30.9
34.2
39.5
44.6
392.5
448.2
573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4
,413.2
,595.1
,966.7
,086.0
,575.5
Total
nd
515.9
530.1
549.6
588.8
647.2
634.1
275.3
314.2
359.2
454.0
,773.3
,674.7
,058.2
,996.6
,389.1
,361.7
,789.6
,827.5
,913.4
;,489.7
,743.8
,420.5
,547.5
,812.9
,893.4
,510.7
Crop,
stock,
2,3a.l
1,003.1
408.
437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
8.2
447.3
452.0
37.3
38.4
49.2
41.2
366.2
401.9
396.7
U7.6
433.3
455.1
U7.1
1,315.7
1,809.4
2,387.4
2,914.2
2,814.4
3,094.8
3,377.7
4,380.5
4,628.2
5,872.7
1,290.7
1,809.1
2,387.3
2,914.1
2,814.2
3,094.6 2/
3,302.7
4,276.0
4,473.5
5,641.6
1,528.1
2,141.6
2,603.3
2,930.0
2,906.8
3,204.4
3,771.4
4,768.6
4,8
1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 1/
3,683.1
4,642.0
4,671.8
4,917.0
4,607.0
5,352.0
6,351.7
i,,nb.i.
4,435.5
5,145.5
6,097.5
.1
.2
74.9 1/
104.5
154.7
231.1
3.0
88.3 1/
126.6
140.7
171.5
206.6
254.1
March i960
111
.COKPORATIONS AND CERTAIN OTBER BUSINESS-TTFE ACTIVTTrES.
Section I - Statements of Financial Condition
Table 8«- Loans Outstanding by Periods, Excluding Interagency Loans
Part B.- Classified by Agencies
(In millions of dollars)
Reconstruction
Finance Corp. 2/
Farm Credit Admi.
End of period
Total
1/
defens
prod.
cooper-Mortgage
mediate
credit
banks
Direct
Fed. home
loan
defense
banks
prod.
Treasury Bulletin
112
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES-
Footnotes to Table
1/
2/
1
Act of 195i, as amended, and the Mutual Security Acts, as amended.
Dollar equivalents are computed for reporting purposes, to provide a
common denominator for the currencies of the many countries involved.
The rates of exchange used in the conversion of foreign currency
units to United States dollar equivalent generally depend on the
ultimate utilization of these currencies. Loans and other foreign
currency receivables that are dollar denominated in loan agreements
Loans stated in units of
are valued at agreement rates of exchange.
foreign currency and receivables in currencies that are available for
sale for dollars and certain other United States uses are converted
at market rates of exchange in effect on reporting dates, i. e., the
rates at which the Treasury sella such currency to Go
agencies.
These amounts consist In the main of unexpended balances of general,
special, and revolving fund accounts against which checks may be
drawn to pay proper charges under these funds. The funds are considered as assets of the agencies, but are not assets of the United
States Government since funds must be provided out of cash balances
of the Treasurer of the United States and future receipts to take
care of checks to be issued against the balances.
Includes foreign currency assets, representing loans and other receivables recoverable in foreign currency as well as balances of foreign
currencies in United States depositaries, aggregating $1,313,^11
thousand in dollar equivalent. These currencies, acquired without
the payment of dollars, were generated under various Government programs, principally the Agricultural Trade Development and Assistance
Footnotes to Table 2
1/
2/
^
See Table 1, footnote 1,
Certain corporations and other business-type activities that have submitted statements of financial condition have guaranteed and insured
loans which were made by private financial institutions. These commitments are of a contingent nature and have been excluded from their
balance sheets. The major agencies that have these contingencies and
the amounts are as follows:
Amount
Activity
(In thousands
of dollars)
International Cooperation Administration:
Foreign investment guaranty fund (June 30, 1959)
352,713
Export-Import Bank of Washington:
Regular lending activities
1,711
Veterans' Administration:
Loan guaranty program (June 30, 1959)
16,832,000
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund (June 30, 1959)
273, 4A9
Federal Housing Administration
28,590,879
Public Housing Administration:
Local housing authority bonds and notes (Commitments covered by annual contributions)....
2,511,863
Local housing authority temporary notes
(Guaranteed)
867,168
Agriculture Department:
Farmers' Home Administration:
Farm tenant mortgage insurance fund
172,057
Commerce Department:
Federal ship mortgage insurance fund
226,875
Treasury Department:
Expansion of defense production
15 ,398
Defense production guaranties (various activities)
250,676
^
^
6/
2/
8/
2/
10/
11/
12/
Ij/
ij^
*
Represents the remaining accountability of the United States Government in certain assets and liabilities transferred from the Reconstruction Finance Corporation effective July 1, 1954.
The surplus is considered by the Corporation as available for future
insurance losses and related expenses with respect to insured
Institutions.
Consists of net income from power operations of $528,390 thousand and
net expense of nonrevenue-producing programs of $203, 16^ thousand.
Represents the equity of the United States Treasury in this fund.
Includes unrealised purchase discounts amounting to $2,768 thousand.
Includes operating and administrative expense funds.
Includes guaranteed loans and certificates of interest aggregating
$1.^3,166 thousand which are held by lending agencies.
Figures are as of June 30, 1959, the latest available.
Includes net accrued interest of $1,^95 thousand on investment in
power facilities.
Figures are as of October 16, 1959.
Figures are shown on an estimated basis pending the taking of complete
physical inventories and the establishment of monetary property
accounting records.
Includes $6,513 thousand advanced from a revolving fxind which has
been established by appropriations.
Less than $500.
Footnotee to Table 3
1/
2/
Consists of: Administrative expenses, foreign aid prociu-ements;
struction services, public buildingsj and working capital fund.
See Table 1, footnote 1.
X/
*
Figures are as of October 3,
Less than $500.
Footnotes to Table 4
1/
2/
^
4/
^
6,''
2/
8/
Consists of certain activities that are reporting on a quarterly
basis and a semiannual basis at the present time.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Represents the Cooley loan program established pursuant to the act
approved August 13, 1957 (Public Law 85-128).
See Table 1, footnote 1.
Represents appropriations for salaries and expenses,
See Table 2, footnote 2.
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds, and strategic and
critical materials.
Includes vessels owned and under construction.
^
10/
11/
12/
13/
iV
"
Represents allowance for losses from scrapping of obsolete vessels,
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand and subscriptions to the
International Monetary Fund end the International Finance Corporation amounting to $4, 125,000 thousand and $35,168 thousand,
respectively.
Includes $81^,752 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplue property balances due
the United States in the principal amount of $1,703,672 thousand.
Includes loan to the United Kingdom amounting to $3,U9,393 thousand
outstanding.
Represents interest on invested capital,
Represents funds returned to the United States Treasury from sale of
capital assets.
Less than $500.
Footnotes to Table 6
1/
2/
Consists of trust revolving funds that are submitting statements on a
quarterly basis and certain trust revolving funds that are submitting
statements on a semiannual and annual basis at the present time.
See Table 1, footnote 1.
2/
A/
^
"
Includes unrealized purchase discounts amounting to $69,153 thousand.
Figures are as of June 30, 1959, the latest available.
Represents transfers from States.
Less than $500.
March
mo
113
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Footnotes to Table 8
1/
2/
i/
tj
^
6/
2/
8/
2/
10/
11/
12/
Table 8 covers all Government loans outstanding. It includes foreign
currency loans and those not included in Table 7 beginning 1956 which
have been made by deposit and trust revolving funds.
Includes guaranteed loans held by lending agencies,
The major portion of the loans of the Veterans' Administration loan
guaranty program are included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter.
Figures representing loans made by the International Cooperation Administration prior to 1952 are not available at this time,
Includes guaranteed loans held by lending agencies through March 31,
1959, and the loan to the United Kingdom.
Reports on maritime activities were not received by the United States
Treasury Department during the period from March 31, 19^7, through
March 31, 1953, Reorganization Plan No. 21, effective May 24, 1950,
abolished the United States Maritiine Commission and transferred its
functions into the Department of Commerce.
Reports have been received from the Commerce Department on maritime
activities for the fiscal year 1953 and thereafter, but no loans were
reported prior to December 31, 1955. Beginning with that date,
certain mortgage notes are classified as mortgage loans.
Established in the Department of State by Executive Order No, 10610,
dated May 9, 1955, and effective at the close of business June 30,
1955, as successor to the Foreign Operations Administration,
Data
for earlier periods are for predecessor agencies.
On September 29, 1953, pursuant to the act approved July 30, 1953
(15 U.S.C. 609), the Reconstruction Finance Corporation started
liquidation of its activities, except those carried on by the
Corporation pursuant to Section 409 of the Federal Civil Defense Act
of 1950 (50 App. U.S.C. 2261) and expansion of defense production
activities carried on pursuant to the Defense Production Act of 1950,
as amended (50 App. U.S.C, 2091-2094), which had been transferred to
the Secretary of the Treasury as of Septembej 28, 1953, and as of the
close of business on September 28, 1953, respectively. Effective at
the close of business June 30, 1954, pursuant to Reorganization Plan
No. 2 of 1954, certain functions and related assets of the Corporation were transferred to the Export- Import Bank of Washington, the
Federal National Mortgage Association, and the Small Business
Administration. On July 1, 1954, the remaining activities of the
Corporation were transferred to the Secretary of the Treasury to
complete their liquidation, pursuant to the act of July 30, 1953, as
amended June 29, 1954. The Corporation was abolished effective at
the close of business June 30, 1957, by Reorganization Plan No. 1 of
1957, and the remaining functions of the Corporation
ferred to the Housing and Home Finance Administrator, Administrator
of General Services, Administrator of the Small Busin ess Administration, and the Secretary of the Treasury.
Totals include loans of Home Owners' Loan Corporation amountlng to
84.2 million as of June 30, 1950, and $9.6 million a a of December 31,
1950.
Beginning 1956 notes receivable which had previously bean classified
as loans are classified as other assets and are not included in this
table,
Figure for June 30, 1950, consists of Alaska housing loans. Subsequent figures Include also:
beginning December 31, 1950, loans for
community facilities service (previously included under Public Works
Administration), prefabricated housing loans (transferred from the
Reconstruction Finance Corporation) and urban renewal loans authoriz
,
ed by the Housing Act of 1949, as amended (42 U,S.C. 1452 (a))j
beginning December 31, 1951, college housing loans authorized by
the Housing Act of 1950, as amended (12 U,S,C, 1749); beginning
December 31, 1954, loans held by the revolving fund established
pursuant to the act approved June 24, 1954 (68 Stat. 295) for
liquidation of not only Alaska housing, community facilities service, and prefabricated housing loans alieady included but also loans
under the Farm Security Administration program, the public war housing program, and the veterans' re-use housing program, all three of
which previously were handled by the Public Housing Administration;
as of December 31, 1955, public works planning loans authorized by
the Housing Act of 1954 approved August 2, 1954 (40 U,S,C. 462);
beginning December 31, 1956, public facility loans authorized by the
Housing Amendments of 1955 approved August 11, 1955 (42 U.S.C. 1491);
and from December 31, 1956, through June 30, 1957, community disposal
operations loans authorized by the Atomic Energy Community Act of
1955 approved August 4, 1955 (42 U.S.C. 2301 note) and Executive
Order No, 10657 of February 14, 1956,
12/ The Federal National Mortgage Association Charter Act approved
August 2, 1954 (12 U.S.C. 1716), authorized the Association to carry
on three functions consisting of management and liquidating functions,
secondary market operations, and special assistance functions.
Its
activities under these three functions began on November 1, 1954,
All figures in this column include the loans of the low-rent public
housing program fund (formerly known as the United States Housing Act
program). Also included are the homes conversion program as of June
30, 1950, the Form Security Administration and public war housing
programs from June 30, 1950, through June 30, 1954, and the veterans'
re-use housing program from June 30, 1953 through June 30, 1954 (see
footnote 12).
Consists of the Farmers' Home Administration loan programs, the disaster loans, etc, revolving fund, the farm tenant mortgage insurance fund, and the State rural rehabilitation fimds beginning June
Prior to June 30, 1956, the farm tenant mortgage insurance
30, 1956,
fund was Included in the statement of financial condition of the
loan programs.
16/ Consists of the loan to the United Kingdom and other miscellaneous
loans. Federal civil defense loans beginning December 31, 1953, and
the loans of the Reconstruction Finance Corporation liquidation fund
beginning December 31, 1957 (see footnote 9).
12/ The major portion of the loans are held by the Inland Waterways
Corporation; Department of the Interior - Puerto Rico Reconstruction
Administration through December 31, 1954, fisheries loan fund
beginning June 30, 1957, and Indian loans; Department of the Army guaranteed loans (World War II) through March 31, 1958; the development loan fund beginning June 30, 1958; Office of Education - loans
to educational institutions as of June 30, 1959; and agencies reporting loans pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C. 2091), which consist of the Departments of the Amy
beginning June 30, 1951, Navy beginning December 31, 1951, and Air
Force beginning June 30, 1956, and the General Services Administration as of September 30, 1959.
18/ Beginning 1956 mortgage notes and sales contracts which had previously
been classified as loans are classified as other assets and are not
included in this table,
•
Lass than $50,000,
Uj
iV
,
Treasury Bulletin
114
.CDMHIATIVK TABLE OF CONTENTS.
April 1959 through March 1960
Issue and page number
Reporting bases
Articles;
Treasury financing operations
Sunnaoiy of Federal fiscal operations
Budget receipts and expenditures:
Receipts by principal sources
Expenditures by agencies
Summary of appropriations and authorizations, expenditures,
and balances, by agencies
Expenditures and balances by functions
Trust account and other transactions:
Smmnary of trust account and other transactions
Trust account receipts
Trust and deposit fund account expenditures
Net investment by Government agencies in public debt securities...
Net redemption or sale of obligations of Government agencies in
the market
Federal Old-Age and Survivors Ina\irance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
tTnemploynient Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date December 31, 1959)
Cash inccxoe and outgo:
Summary of Federal Government cash transactions with the public...
Summaiy of cash transactions thro\igh Treasurer's account
Derivation of Federal receipts from the public, and reconciliation
to cash deposits in Treasurer's account
Derivation of Federal payments to the public, and reconciliation
to cash withdrawals from Treasurer's account
Intragovemmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the puJilic,
and reconciliation to transactions through Treasurer's account...
Account of the Treasurer of the United States:
Status of the account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Debt outstanding:
Summaiy of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special issue.i lo U. S. Government investment accounts
Treasury holdings of seciirities Issued by Government agencies
Statutory debt limitation
Public Debt Operations:
Maturity schedule of interest-bearing public marketable securities
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasuiy bills
New money financing through Treasury bills
New money financing through regular weekly Treasuiy bills
Offerings of marketable issues of Treasury bonds, notes, and
certificates of indebtedness
Offerings of public marketable securities other than regidar
weekly Treasury bills
AllotmentB by investor classes on subscriptions for marketable
issues of Treasuiy bonds, notes, and certificates of indebtedness
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills.,
Disposition of matured marketable issues of Treasury bonds, notes,
and certificates of indebtedness
Disposition of matured public marketable securities other than
regular weekly Treasury bills
36
(Continued on following page)
;
I
.
March I960
115
.CDMDIATIVE TABLE OF CONTENTS.
April 1959 through March 1960
-
(Continued
and page
July
United States ssvlDgs bonds;
Cumulative sales and redenptions by serlea
Sales and redexptlons by periods, all serlea coabined
Sales and redeaptions hy periods, Series E through K
HedemptioDS of matured and unnaturad bonds
Sales and redemptions by denominations. Series E and H cootblned..
Sales by States, Series E ani H cc»Bblned
,
Ownership of Federal securities:
Distribution by classes of inveetors and types of Issues
Net market purchases or sales for investment accounts handled by
the Treasujy
Estimated ownership
Treasury surrey of ovnerahip of Federal securities:
Ownership by banks, Insurance companies, and others
Ownership l^ coomiercial banks classified by membership In Federal
Eeserre Stystem (latest date December 31, 1959)
Market quotations
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds l^ periods
Chart - Average yields of Treasury and corporate bonds
Internal revenue collections:
Summary by principal sources
Chart - Internal revenue collections by principal sources
Detail of excise tax collections
Monetary statistics:
Money In circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Cofoponents of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
December 31 , 1959)
Exchange Stabilization Fund (latest date September 30, 1959):
Balance steet
Income and expense
National bank reports
Eamings, expenses, and dividends for calendar years 195i-58
Capital Bpvenents between the United States and
forel^ countrlea;
Sumnary by periods since 1935
Suanary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Purchases and sales of long-term securities by foreigners,
latest month
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold and short-term dollar resources of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounte
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
calendar year 1958
Corporations and certain other buslneas-type activltiaa:
Statements of financial condition (latest date September 30, 1959).
Inccne and eiqiense (latest date June 30, 1959)
Source and application of funds (latest date June 30, 1959)
55
Aug.
Sept.
Oct.
nmber
Hot.
Dec
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON 25, D.&
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S TAT E S
SAVINGS
BONDS
'
f
@FedFRASER