Full text of Treasury Bulletin : March 1962

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

LfBr?A*v
DEC

I

3 1963

TREASURY DEPARTMENT

LIBRARY
ROfiNl

5030

JUN 2 31972

TREASURY DEPARTMENT

TREASURY DEPARTMENT
FISCAL SERVICE, BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON

25, D.C.

OFFICIAL BUSINESS

/ g

^tw

,

TWEASUMV
-

mMULETM
MRRCH-I3B5

UNITED STRTES TRERSURY DEPARTMENT
OFFICE DF THE

SECRETHRV

The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year #7.00 domestic, $8.75 foreign
Single copy price varies

larch

1962

Table of Contents
Page

Treasury financing operations
**"' A-l
Summary of Federal fiscal operations
i
Budget receipts and expenditures
2
Trust account and other transactions
9
Cash income and outgo
]_/
Account of the Treasurer of the United States..!.*.*.*.* 20
Debt outstanding
22
Statutory debt limitation
27
Public debt operations
28
United States savings bonds
51
Ownership of Federal securities
55
Treasury survey of ownership of Federal securities.. 57
Market quotations on Treasury securities
61
Average yields of long-term bonds
64
Internal revenue collections
66
Monetary statistics
70
International financial statistics
74
Capital movements
75
Corporations and certain other business-type
activities - statements of financial condition
89
Cumulative table of contents
122

Treasury Bulkl

II

Reporting Bases
Data on reoelpte, expenditures, and debt which
appear In the "Treasury Bulletin" are based largely
on two Treasury financial reports, the "Dally Statement of the United States Treasury" and the "Monthly
Statement of Receipts and Expenditures of the United

Included on an accrual basis beginning with figures

for June 1955 an ^ the flsoal year 1955. Prior to
that, It was Included on a due and payable basis.

The same reporting basis as that In the monthly
statement provides the flsoal year figures for the

based at least In part on the "Circulation Statement

Treasury's "Combined Statement of Receipts, Expenditures and Balances of the United States Government"

Where these statements are

and for aotual receipts and expenditures In the

States Government.

Certain monetary statistics are

"

of United States Money."

they are

given as sources for Individual tables,

Their respective reporting
cited by name only.
For other data In the
bases are desorlbed below.
Bulletin,

Information on sources or reporting bases

18 given In connection with the tables themselves.

The monthly statement of receipts and expenditures was first published for February 195 *! and re1

placed the dally statement as the primary souroe of

"Budget of the United States Government."

Beginning with the final statement for the
flsoal year i960, the monthly statement reports
totals for net budget reoelpts and budget expenditures after deduction of oertaln lnterfund transactions which are Included In the detail of both budget

The transactions
deducted consist of Interest payments and minor

reoelpts and budget expenditures.

statement of cash deposits and withdrawals affecting

amounts of certain other payments made by Government
agencies to the Treasury. This reporting change
was made In aocordanoe with the plan stated In the
President's Budget Message of January 18, i960. It

the account of the Treasurer of the United States.

does not affect the surplus or deficit.

Information on budget results and other reoelpt and
expenditure data classified by type of account.
the same time,

At

the dally statement was changed to a

Both publications have provided comparative figures
on their respective bases from the beginning of the

The announcement of February 17,
195^, with respect to these reporting changes may be
found in the April 195^ Issue of the Bulletin.
flsoal year 1953-

The monthly statement shows all receipts and
expenditures of the Government, Including those made

from cash accounts held outside the United States
Treasury.

The Information Is compiled from reports

by the Treasurer of the United States and by all
other collecting and disbursing agencies, Including

Figures for
earlier periods shown In the Treasury Bulletin were
revised to the new reporting basis In the September
i960 Issue. The lnterfund transactions deducted
under this procedure do not Include payments to the

Treasury by wholly owned Government corporations
for retirement of their oapltal stock and for disposition of earnings. These capital transfers have
been excluded ourrently from budget receipts and
budget expenditures beginning July 1, 19^8, and
figures for prior flsoal years back through 1932
were revised aooordlngly at that time.

those agencies which maintain checking acoounts In

The dally etatement on the new basis was first

These retiorts cover transactions

reoorded In the accounts of the agencies during the

Issued for February 17, 195 *- I n th e deposits and
withdrawals as shown, no distinction Is made as to

reporting period.

the type of acoounts (budget, trust,

commercial banks.

The net of the transactions a*

1

etc

).

The de-

posits are on the basis of certificates of deposit

oomplled from these reports Is reconciled in the
monthly statement to changes In the balanoe In the
Treasurer's aooount and In cash held outside the

United States.

Treasurer's account and changes In the public debt

of checks paid or cash disbursements made out of the

outstanding.

Treasurer's account.

cleared through the account of the Treasurer of the

Total withdrawals are on the basis
Some of the withdrawal classi-

fications shown are reported on the basis of mailed

Receipts of taxes and customs duties are reported on a collections basis.

Other reoelpts are
reported partially on a collections basis and partially on a deposits basis.
Expenditures, except

Interest on the public debt, are reported on the
basis of checks Issued or cash payments made by
disbursing officers. Transactions of an lnterfund

reports of checks Issued and are adjusted by means
of clearing accounts to the total of ohecks paid.

Except for relatively minor amounts, noncash lnter-

fund and other lntragovernmental transactions are
exoluded. The public debt figures In the dally
etatement also are on a "clearance" basis, with the

exception of those lssuanoe and retirement transac-

or lntragovernmental nature are Included on the

tions reported on the basis of telegrams from Federal

same basis even though the actual lssuanoe of oheoke

Reserve Banks. Noncash debt transactions are Included, however.

may not be Involved.

Interest on the public debt Is

March 1962

III

Reporting Bases
The dally statement before February 17, 13^,

covered not only transactions cleared through the

Treasurer's account but also certain Government
agency transactions which were handled through

-

(Continued)

made through the facilities of the Treasury Department's Division of Disbursement were on the basis
of checks Issued, while certain others, principally

It

those of the Department of Defense and its predecessor organizations, were on the basis of checks
paid.
Transactions handled through commercial bank

provided Information similar to that In the present

accounts, consisting of market transactions In public

dally statement with respect to the status of the

debt and guaranteed securities, were as reported by
the agencies.
Interest on the public debt was in-

commercial bank accounts, and Included noncash lnter-

fund and other lntragovernmental transactions.

Treasurer's account, and similar to that In the
present end-of-month dally statement with respect
to debt Issuance, retirement, and amount outstanding.

cluded on a due and payable basis beginning with
November 19^9 and on a checks-paid basis prior to

Reoelpts and expenditures, however, were classified

that time.

by type of account, and the budget results shown In
the dally statement were used as the basis for re-

flecting the results under the President's budget
program as enacted by the Congress.
Receipts were on the basis of deposits as they

cleared the Treasurer's account.

Expenditures

cleared through the Treasurer's acoount were reported

on two successive bases.

Through 19^6 they were

on the basis of checks paid by the Treasurer of the

United States.

Note:

The circulation statement reflects transactions through the Treasurer's account which affect
monetary stocks of gold and silver and the amounts
of coin and currency in the money supply of the
country.
It is Issued later than the dally statement, however,

and the figures are based on transactions consummated during the reporting period
even through some may not have cleared the Treasurer's account during that period.

Beginning with 19'T. expenditures

Where calculations have been made from unrounded figures, the details may not check to the
totals shown.

\

arch 1962

A-l

ii,

Treasury Financing Operations
February Advance Refunding
Subscriptions to four bond Issues offered In
exchange for five outstanding bond Issues In advance
of their maturities totaled $5,198 million according

to preliminary reports.

All subscriptions were

Securities eligible

The offering was announced on
February 15, 1962, and was briefly outlined In the
February Treasury Bulletin. Details of the results
on a preliminary basis are shown in the following

allotted In full.

table.

A-2

Treasury Bull

Treasury Financing Operations

For the purposes of this offering, pursuant to

-

(Continued)

Conseouently, he could compare his return resulting

the provisions of section 1337 (a) of the Internal

the exchange with the return that he

Revenue Code, the Secretary of the Treasury declared

obtain by reinvesting the proceeds of the eligible
bonds at maturity.

10

gain or loss shall be recognized for Federal

Income tax purposes upon the exchange of the eligible

hones solely for the new or additional bonds.

If a

premium was paid by the subscriber no gain or loss
Kill be recognized,

but the tax basis in the new or

-onal bonds is the cost basis of the bonds sur-

rendered plus the amount of the premium paid.
or loss,

Gain

upon the bonds surrendered in exchange will be taken into account upon the disposition it redemption of the new or additional bonds.
if any,

The interest return before tax for making the

extension in the advance refunding Is the coupon
rate on the new issue.
If a holder of the eligible
bonds did not make the exchange, he will receive only
the respective 'interest rates to their maturity and
will have to reinvest at that time at rates equal to

those shown in the following table for the remaining

terms of the Issues offered,

in order to equal the

return he would have received by accepting the exExaminers cf the banks under the supervision of
the Office of the Comptroller of the Currency, Eoard
of Governors of the Federal Reserve System,

and the
Federal Deposit Insurance Corporation were advised
that the banks might place the new or additional

bones received in exchange on their books at an
amount not greater than the amount at which the
eligible bones surrendered by them were carried on

their books,

plus the amount of premium,

if any,

paid on the new bonds.
A holder of the outstanding bonds eligible for

change offer.
For exam.rle, if the £-1/2 percent
bonds of June 15, 1967-72 were exchanged for the
3-1/2 percent bonds of 159

3,

the rate for the entire

27 years 11 J months will be 3-1/2 percent.

If the

exchange was not made, a 2-1/2 percent rate will be

received until June 15, 1572, requiring reinvestment of the proceeds of the 2-l/2s at that time at
a rate of at least ^.37 percent for the remaining
17 years 3 months, all at compcund interest, to
average a rate of 3-1/2 percent for 27 years 11 j

the exchange had the option of accepting the Treas-

The minimum reinvestment rates for the
extension periods for each issue are shown in the

ury's offer or of holding the bonds to maturity.

table following.

Bonds eligible
for exchange

months.

iarch

1962

A-3

Treasury Financing Operations

-

(Continued)

Exchanges were made on the basis of par for
with email supplemental cash payments to the
Treasury and with adjustments of accrued Interest

bonds with Interest coupons attached or registered as
to principal and Interest, in denominations of 1500,

to March 1,

41,000, $5,000, 110,000, 1100,000,

par,

1962,

as Indicated In the table below.

All of the bonds were issued both ae bearer

and $1,000,000.

Treasury Built

A-U

Treasury Financing Operations
Tax Anticipation Bllla
Tenders totaling $3,593 million were received
for the March 20 cash and exchange offering of $1. S
billion, or thereabouts, of 182-day tax anticipation

series Treasury bills.

Acceptances of tenders to-

taled $1,801 million at the average rate of dlaoount

-

(Continued)

Incorporated banks and trust companies and
responsible and recognized dealers In Investment
ecurltlee were permitted to submit tenders without
deposit.
Tenders from others were required to be
accompanied by payment of 2 percent of the face

of 2.S96 percent Including $146 million of noncompet-

amount of the bills applied for, or an express guaranty of payment by an Incorporated bank or trust

itive tenders for $400,000 or less from any one bid-

company.

der which were accepted In full at the average prlc»

Weekly Bllla Increased

of accepted competitive bids.

Issues of regular weekly bills during February

totaled $7.2 billion, refunding $6.9 billion of bllla

The bills are dated March 23, 1962, and mature
September 21, 1962. They will be accepted at par In
payment of Income and profits taxes due September 15,

maturing and providing about $0.3 billion of new
The new eecurltlea conslated of four Issues
of 13-week bills of $1.2 billion each, and four
cash.

1962; and to the extent they are not presented for

issues of 26-week bills of $0.6 billion each.

this purpose the face amount will be payable with-

the exception of the bills dated February 23, which

out Interest at maturity.

Issued In bearer form

only, the new bills are In denominations of 31,000,

$5,000,

$10,000,

$50,000,

$100,000,

$500,000,

and

are for 90 days and 131 days,

tax anticipation series bills maturing on that date.

Cash adjustments were made for differences between
the par value of the maturing bills accepted In ex-

change and the Issue price of the new bills.

Average

rates of discount on the new bills were as follows:
13-week
(Additional amount of bills of
original maturity of 26 weeks)

Payment for the new bills was required to be

respectively, the new

bills carry 91-day and 182-day maturities.

$1,000,000 (maturity value).

completed on March 23, 1962, In cash or other Immediately available funds, or In a like face amount of

With

....

i

March 1962
SUMMARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)

Budget receipts and expenditures

Net

receipts
1/

Expenditures
1/

Surplus,
or
deficit

v

'

trust
account
and other
trans-

Clearing
account,
etc. 2/

decrease

(-)

{-)

i/
Fiacsl yesrs:
1948 2/
1949 i/
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960

41,375
37,663
36,422
47,480
61,287
64,671
64,420
0,209
67,850
70,562
68,550
67,915
77,763
77,659

12,955

39,474
39,544
43,970
65,303
74,120

67,537
64,389
66,224
68,966
71,369
80,342
76,539

8,419
-1,811
-3,122
3,510
-4.017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856

-294
-495
99
679
147
435
328
231
-194
195
633
-329
-50
-602

-6,975
463

-248

82,100
93,000

89,075

40,800
37,464
37,235
52,877
64,705
63,654
60,938
63,119
70,616
71,749
68,262
72,738
79,518
78.157

35,559
41,056
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463

4,867
7,237
9,580

6,157
6,142
6,423

-1,290

5,064
6,550
10,891

July...
Aug
Sept

Oct

1962 (Est.).
1963 (Est. ).

Calendar years
1948
1949
1950
1951
1952
1953
1954
1955
1956

1957
1958
1959
1960
1961
Months:
1960-Jan
Feb

Mar
Apr ....
May
June

.

.

Nov.

.

.

.

.

.

.

Dec

1961-Jan
Feb
Mar.

Apr ...
May.

.

.

June.

.

July.
Aug
Sept

Oct
Nov.
Dec

1962-Jan
Feb

.

.

.

.

.

Net
increase
in
public
debt, or

-3,592
-422
-3,358
-5,842
-9,157
-3,683
-2,771
3,779

-229
-502
311
815
-41

101
739
-259

-507
366
483
-214
-401
-250
-303
284

-5,994
478

530
-6
-145
507
-151
234

-450

199
234
87
-106
-319
-209
-34
376

increase in
Treasurer's
account
balance, or
decrease (-)

1,624
-1,462
2,047
1,839
-388
-2,299
2,096
-551

4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8.363
1,625
2,640

522
-

Levels, end of period
Met

331

-956

-4,399
2,654
-1,311
-694

-4,100
4,331
-423
2,711
7,973
7,777

4,932
3,470
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694

6,000
6,000

1,111

-447
62

1,770
-1,488
603
-635
-117
179

3,582

Debt outstanding

Treasurer's
account
balance

Public
debt

252,292
252,770
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971

Guaranteed
securities

Total
Federal
securities

4/

252,366
252,798
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211

251,542
252,028
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862

465

295,835
295,569

295,495

55

252,057
256,413
256,026
258,794
266,821
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061

73
27

20
29
46
52
81
44
74

107
101
111
'U^<

240

.

5,583
6,411
6,494

252,800
257,130
256,708
259,419
267,391
275,168
278,750
280,769
276,628
274,898
282,922
290,798
290,217
296,169

156
330

252,854
257,160
256,731
259,461
267,445
275,244
278,784
280,822
276,731
275,002
283,031
290,925
290,373
296,499

4,208
4,679
4,232
4,295
6,064
4,577
5,180

Subject to
limitation

30
24
42
54

76
34
53

274 ,671

1,092
-691
23
-698
234

224
109
-237
154
204

2,019
-4,141
-1,730
8,025
7,875
-581
5,952

1,095
3,157

-379
662
-442

660
-805
919

287
-501
-3,757

-722
450
-122

4,862
5,311
5,189

291,085
290,583
286,826

130
135
138

291,215
290,719
286,965

290,804
290,309
286,556

6,032
6,073
6,521

-968
476
4,370

-137
577
-420

249
-416
-421

1,961
579
-3,036

1,105
1,217
494

6,294
7,511
8,005

288,787
289,367
286,331

132
133
140

288,919
289,500
286,471

288,511
289,093
286,065

3,128
6,454
8,981

6,172
6,803
6,793

-3,044
-349
2,188

-95
-567

125
-521
607

2,008
334
-249

-1,006
-1,104
2,423

6,998
5,894
8,317

288,338
288,672
288,423

134
157
161

288,472
288,829
288,584

288,068
288,425
288,181

2,823
6,300
7,643

6,829
6,773
6,847

-4,006
-473
796

368
-221

217
-663
202

2,063
-73
-197

-1,645
-841
580

6,672
5,831
6,411

290,487
290,414
290,217

159
153
156

290,646
290,567
290,373

290,244
290,165
289,971

4,846
6,537
8,524

6,470
6,236

-1,624
301
1,512

-185
712
-629

408
-58
692

-181
508
-3,072

-1,582
1,463
-1,498

4,829
6,292
4,794

290,036
290,544
287,471

160

7,012

211

290,196
290,740
287,682

289,796
290,340
287,284

5,125
6,467
10,831

6,450
7,169
7,961

-1,325
-702
2,870

24
49
-14

25

-377
-149

516
2,158
-1,175

-761
1,128
1,532

4,034
5,162
6,694

287,987
290,146
288,971

219
225
240

288,206
290,371
289,211

287,809
289,975
288,862

6,322
7,631

592

-7,088
-7,040
1,953
-6,306

267

-124
80

-.

I

355
622
828
8

:

4,427
4,606
4,961

103
104
109
127

196

2,982
6,367
8,945

35

-101
-572
2,936

6,593
6,020
8,956

292,404
293,714
293,750

239
249
271

292 ,643

44

-129
-498
682

3,433
1,310

1

-3,340
-1,265
2,174

-66
-120

6,7

293,964
294,020

292,199
293,521
293,579

3,141
6,424
7,967

7,796
7,485
7,160

-4,655
-1,060
807

-154
317
258

140
-543
10

1,911
1,350
-842

-2,759
63
234

6,197
6,261
6,494

295,660
297,011
296,169

299
330

295,959
297,32?
296,499

295,520
296,886
296,051

5,357
6,729

7,395
6,858

-2,038
-129

-152
381

3})

345

-78

470

-1,513
644

4,981
5,626

296,513
296,983

347
371

296,860
297,354

296,422
296,917

Source:
Actual figures through the fiscal year 1952 and the calendar year
1953 are from the daily Treasury statement, and thereafter from the
monthly statement of receipts and expenditures of the Government (for
explanation of reporting bases, see page II); estimates are from the
1963 Budget document, released January 18, 1962, including effects of
proposed legislation. More detail for data on this page will be found
in succeeding tables.
1/ Fiscal year figures beginning with the September 1960 Issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961 Issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (see pages II, 2, and 4). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
For detail, see pages 9 - 13
2/ Excess of receipts, or expenditures (-).
1/ 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

{J

5/

315

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 table and the date when each
became effective are as follows: $275 billion, on June 26, 1946, $281
billion, on August 28, 1954; $278 billion, on July 1, 1956; $275
billion, on July 1, 1957; $280 billion, on February 26, 1958; $288
billion, on September 2, 1958; $290 billion, on June 30, 1959; $295
billion, on July 1, 1959; and $293 billion, on July 1, I960. From
July 1, 1961, through June 30, 1962, the limit is $298 billion. Thereafter it will revert to $285 billion.
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.

Treasury Bulletin
BUDGET RECEIPTS AND EXPENDITURES

Table 1.- Receipts by Principal Sources
(In millions of dollars)

Internal revenue
Employment taxes

Income taxes

Fiscal year
or month

Corporation

21,635
21,25*
24,012
26,728
27,0*1
29,001
31,675
32,978

53,906
*9,915
56,633
60,560
59,102
58,826
67,125
67,918

For old-age
and
disability
insurance
1/ 2J
*,537
5,3*0
6,337
6,63*
7,733
8,00*
10,211
11,586

Not

Withheld
1/

withheld

Total
income
taxes

u.

For railroad retirement

For unemployment
insurance

y

2/
603
600
63*
616

21,765

1962 (Est.).
1963 (Est.).

22,200
27,*00

13,6*5
1*,2*5

36,325
*0,225

72,170
81,870

11,9*9
13,809

597
62*

1961-July. .
Aug
Sept...

520
382
3,251

2*5
161
2,017

1,235
*,65*
2,662

2,000
5,197
7,930

291
1,736
828

1*

1

8*
55

1

1,399 6/
*,767
2,935

2,021
5,268
6,685

239 6/
1,189
*58

1,2*5 6/
5,12*

*,036
6,310

29* bj
1,620

I,

18,!.".:

Oct
Nov

1

".:

*08
377

Dec...

3,322

'an....
Feb

*66
*00

to date.

9,126

215 6/
123

*28
2,325 6/
786

2*, 022

6,300

Less:

Fiscal year
or month

Total
budget
receipts

73,173

78,820
83,675
83,974
83,904
96,962
99,491

Refunds of receipts

257
257

11
4
8
3
2
3

104,911
118,582

5,973
6,073

1961-July.
Aug...
Sept..

3,779
8,713
10,285

200

Oct...
Nov
Dec...

3,811
8,007
8,980

159

1962-Jan...
Feb...

5,959
9,773

-72 17/

693

142
48

59,307

1,411

271

16,

18
25

26
26

2
2

2

2

176
183

976

1

19

1

1,2*1
1,3*6

3,526
4,194

306
1,821
88*

147
158
1*8

975
,197
983

8,373
9,945

2*1
1,266

,102
,123
,013

3,507
7,783
8,355

105
106

198
118
537

5,591
9,489

100

269
198

505

192

,009

379

353
2,080

133

967

369

431

F0ASI
Trust
Fund

178
208
186

266
1,589
760

1,702

100,144
113,042

1

10,863
12,669

73
743

12,8*2
13,416

::.'»,

1,198

56,472

-

Unemployment
Trust
Fund

11/

Highway
Trust
Fund
12/

Less:

Interfund
transactions

Net

budget
receipts
14/

2,997
3,246

82,756
93,693

656
693

82,100
93,000

14
84

253
269
267

3,042
6,416
8,948

59

49

2,982
6,367
8,945

1

258
231
255

3,149
6,425
8,153
5,442
6,744

84

48,319

407

76

47

5*5

2,071

77,763
77,659

25
147

11 6/
131

76*

355
694
654

473
973

141 6/
1,489

Budget
receipts
net of refunds and
transfers
to trust
accounts

85

78,457
78,313

597
624

967

260
242
249

467
567

1,019

847
939
953 16/

705
75*

64,420
60,209
67,850
70,562
68,550

1,479
2,116
2,171
2,642
343 16/ 2,798 16/

333
863

27 6/

5,970

w

tc

606

3,<,28

603
599
634
616
575
525
607
571

212 6/
1,094
418

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 1963 Budget document, released
January 18, 1962, including effects of proposed legislation.
1/ The distribution of receipts between individual income taxes and oldage and disability Insurance taxes is made in accordance with provisions
of Sec. 201 of the Social Security Act, as amended (42 U.S.C. 401),
for transfer to the Federal Old-Age and Survivors Insurance Trust
Fund (see footnote 8), and also for transfer to the Federal Disability
Insurance Trust Fund (see footnote 9).
2/ Taxes on employers and employees under the Federal Insurance Contributions Act, as amended (26 U.S.C. 3101-3125), and tax on selfemployed individuals under the Self -Employment Contributions Act, as

Railroad
Retirement
Account

15
7

8,370

Transfers of tax receipts

Federal
Disability
Insurance
Trust Fund
2/

5

;

11
81

1

6,258
6,358

64

2,110
2,3*5

13,022
15,*09

9
7

9,211
10,00*
10,638 i]
10,8L4
10,760

1*2
126
152

1

3,377
4,537
3,426
5,041 12
3,684
6,337
6,301
3,917
6,870
4,433
7,158
4,933
9,272
5,0*5
16/
10,537
5,976
16/

8

12,06*

12,502

945
936
1,171
1,378
1,411
1,353
1,626
1,916

11,159

47c,

3/

18

224

571

Less:

Total
refunds

3,345
3,400
3,653
3,894

4,413
4,907
5,024
5,725 16/

607

7/

Trust
accounts

1962(Est.).
1963(Est. ).

1962 to date.

6,656

Internal Revenue
applicable to

Budget
accounts
1954.
1955.
1956,
1957,
1958.
1959.
1960.
1961.

39,4*7

330
336
32*
3*1
3*5

575
525

562

800
9*8
1,123
1,008

6,220
7,296
7,581
8,6**

325

v

Miscellaneous
receipts

Total
internal
revenue

2,311
2,559
3,006
2,7*9
3,196
3,158
4,06*
*,082

5,*25

280

1960,
1961,

21,523
18,265
21,299
21,531
20,533

Taxes not
otherwise
classified

Excise
taxes

70,300
66,289
75,109
80,172
79,978
79,798
91,775
9*,*01

285

10,747
10,396
11,322
12,302
11,528
11,733
13,271
13,175

195*.
1955,
1956,
1957,
1958.

Estate
and
gift
taxes

Total
employment
taxes

11
81

379

233
207

369

429

1,973

48

64,655
60,390
68,165
71,029
69,117
68,270

235
181
315

3

9
1

186
16

3,141
6,424
7,967

5,357
6,729

47,912

amended (26 U.S.C. 1401-1403). 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 provide for disability insurance.
J/ Taxes on carriers and their employees under the Railroad Retirement
Tax Act, as amended (26 U.S.C. 3201-3233).
4/ Tax on employers of 4 or more under the Federal Unemployment .Tax Act
as amended (26 U.S.C. 3301-3308); with respect to services performed
before January I, 1956, the tax was imposed on employers of 8 or more.
£/ For further detail, see tables under "Internal Revenue Collections."
Beginning 1957, includes collections under increased rates In the
Highway Revenue Act of 1956 (see footnote 12).
Remaining footnotes on following page.

I

.

iarch

.

j

1962
.BUDGET RECEIPTS AND EXPENDITURES.

Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)

RealizaDividends tion upon
and other loans and
earnings investments

Fiscal year
or month

Recoveries and
refunds

Sale of
Sale of
Governprodment
ucts
property

Seigniorage

Fees for
permits
and
licenses

Fees and
other
charges
for
services

Royal-

ties

AdjustFines,
ment to
penalties Other monthly
and for- it
statefeitures
ment

etc.
1954.
1955.
1956.
L957.
1958.
1959.
1960.
1961.

2,311
2,559
3,006
2,749
3,196
3,158
4,064
4,082

458
408
554
628
601
967
942

252
291
438
674
506
1,111
805

240
274
296
328
328
587
436
1,012

1962 (Est.).
1963 (Est.).

3,526
4,194

947
978

751
804

407
668

109
133

344

370

360
390

1961-Juiy.
Aug..
Sept.

260
242
249

70

63

10
11

19

60
63

58
33
93

12

51

20

6

26

55
21

Oct..
Nov..

198
118
537

7
4
315

37
-43
56

5

25

9

15
18

Dec.
1962-Jan.

1962 to

date

745

7

361

58
77

60

269

323

410
471
266
322
343
114
182

18

221
363
480
387
345
325
392
343

221
253
313
312
304
350
374
330

73
29
23
49
59
44
53

67
40

62
255

104
107

47
49
49

59
66
69
79

13
15
66

5

20

6

325

90
93
96

23
23
16

94

IK

14

12
11

227
307

120
124

13
12

13
6

6
7
7

5
5
5

8

-17
9

11
7

23

430

1,873

43

Actual figures are from reports to the Treasury Department by
disbursing officers and administrative agencies, on the monthly statement reporting basis (see page II); estimates are from the 1963
Budget document, released January 18, 1962, including effects of
proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign

Footnotes to Table

/

55

53
54
57
81

83
212
194
28
86
93

23
26
28

Figures shown include (see footnote 8) increase in income tax withheld of $109 million in October, decrease of $47 million in January;
decreases in income tax not withheld of $2 million in October and
$6 million in January; decrease in transfers to Federal Old-Age and
Survivors Insurance Trust Fund of $105 million in October, increase
of $49 million in January; and decrease to Federal Disability Insurance Trust Fund of $2 million in October, increase of $3 million in
January.
Interest on refunds is included in expenditures in Table 3.
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. 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 (42 U.S.C.
401 (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 Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (42
U.S.C. 401 (b)). The act appropriated to the trust fund amounts
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
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.
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.
Figures for 1954
exclude the Government s contribution for creditable military service
(45 U.S.C. 228c-l (n)).
The Employment Security Act of 1960, approved September 13, 1960 (74
Stat. 970) established in the Unemployment Trust Fund an administration account, and appropriated for credit to that account, beginning

i,o

vessels entering U. S. ports), bullion charges, and gifts and contribu-

Source:

$/

2/

208
225
194
160
161
133
111
100

45

tions.

Difference between the total shown in the monthly statement of receipts
and expenditures of the Government (based on preliminary reports) and
that from final accounts of disbursing officers.
Less than 1500,000.

1

12/

XJ/

14/

15/

16y

'

12/
*

-

(Continued

with the fiscal year 1961, amounts equivalent to taxes collected and
deposited under the Federal Unemployment Tax Act. The tax receipts
are transferred currently on the basis of estimates by the Secretary
of the Treasury, with later adjustments as necessary. From that
account are to be paid the administrative expenses of the employment
security program. Previously the corresponding amounts were included,
respectively, in budget receipts and budget expenditures. Refunds of
taxes are to be reimbursed from the administration account.
The Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
120, Note) established a Highway Trust Fund 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 act and rates were increased for the other taxes
Previous to the fiscal year 1957 corresponding excise tax receipts
were included in net budget receipts and Federal-aid highway expenditures were included in budget expenditures.
For content, see Table 4. Theee transactions are included in the
detail of both budget receipts and budget expenditures, but are
deducted from the totals (see Reporting Bases, p. II).
Figures in this column differ from those published under the same
caption prior to the September 1960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote 14).
Transfers reduced by $300 million to correct those made earlier on
basis of estimates (see footnote 8).
Beginning fiscal 1961, the principal amounts for refunds of employment taxes and certain excise taxes (highway) are excluded from the
transfers of tax receipts shown herein, and are now included with
refunds of Internal Revenue receipts, applicable to trust accounts.
Reflects gross amounts based on reimbursements by trust accounts for
refunds of taxes which were made in previous months or fiscal years.
Less than $500,000.

Treasury Bulleti

.

BUDGET RECEIPTS AND EXPENDITURES

Table 3.- Expenditures by Agencies
(In millions of dollars)

Fiscal year
or month

Legislative
Branch

Judiciary

Executive
Office
of the
President

28
30
37

59

Funds
appropriated
to the
President

9

Independent
Offices

Housing
and Home
Finance
Agency

Agriculture
Department

6,473 1/
6,791
6,982
7,707 2/
8,305

806
973
523
570
425

-615
129
39
-23
199

2,915
4,636
5,177
5,006
4,875

1,000
1,077
1,293

4,109
1,757
1,808

9,315
9,013 4/
10,291

359
408
387

1,152
309

382

502

7,091
5,419
5,929

2,171
2,421

U.132

501
578

940
1,383

7,177
6,709

650

836
1,105
863

24

107
64
14

36
32

807
902
971

815

48,250
49,70

1,015
1,071

520
763
482

66
43
43

3,205
3,808
3,647

64

128
118
-1

989
539
605

61
46
43

3,837
4,035
4,072

99
93
78 :

51

51

99

447
426

45
51

4,044
3,865

75

27

580

4,771

398

30,512

44

1959
1960
1961

118
126
134

47
49

56
56

52

70

1962 (Est.)...
1963 (Est.)...

161

148

59
63

22

1961-July
August . .
September

12

4

16

4

6
7

10

4

3

121
153
157

October.
November.
December.

13

5

12

5

-1
2
1

114
161
160

963
946
893

47

1962- January.
February.

16

5

11

4

2
2

162
139

991
978

4

1962 to date.

104

Health,
Education,
and
Welfare
Department

Fiscal year
or month

1959
1960
1961

3,092
3,403
3,685

690
801

1962 (Est.)...,
1963 (Est.)...,

4,469
5,183

873
1,031

,

,

535
515
512
572

751

Justice
Department

Labor
Department

7,593
9,180
8,957

69

2,178 10/

76
83

987 10/

853
261

453

8,900
9,300

88
88

563
386

74

320

68

22
22
25

125
103

1962-January.
February.

421
369

63
77

24
23

99
-221

2,865

635

192

361

74

272
247
258

298
304

88

156
136
142
179

342

80
25
20

765

32

39
18
20

30

31

87

411

7

93
87

29
46

875

985
1,043

2/

31

28
50

80,697
77,233
82,169

355
694
654

80,342
76,539
81,515

90
85

89,732 12/
93,230 12/

656
693

89,075
92,537

6,381
7,681
6,774

59
49

6,322
7,631
6,771

7,805
7,485
7,346

9

186

7,796
7,485
7,160

7,480
6,873

84
16

7,395
6,858

57,825

407

57,418

225
123

2

4

75

2

26

803
755

102
77

259

6,014

844

2/

67,537
64,389
66,224
68,966
71,369

713
740
781

51

Total
budget
expenditures

235
181
315
467
567

3

9

61

3

1

1

67

67,772
64,570
66,540
69,433 2/ i/
71,936

20

730
727

i

92

13
22
22
26
25

74
91
77

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 1963 Budget document, released January
18, 1962, Including effects of proposed legislation.
Note:
Figures In this table are for agencies as constituted at the time
the expenditures 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 6. Agency shifts are
u-cted 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; beginning 1957, Alaska Road Construction from "Interior
Department" to "Commerce Department," and Federal intermediate credit
banks and production credit corporations as indicated In footnote 2;
beginning 1958, Federal Facilities Corporation (remaining functions)
from "Treasury Department" to "General Services Administration," end
Informational Media Guaranty Fund from "Funds appropriated to the

Source:

Columbia

1/

of taxes

774
525
914

549
831 11/

361
339

On
refunds

57
74

1,016

53

On
public
debt 6/

Total by
agencies

'

98

Interfund
transactions

Less:
of

206

250
258
284

October..
November.
December.

1962 to date...

539
498

District

^r<-3t

873
368 1/
879
748
765

463
518
674

50
78

Ii.t

83
62
54

412
418
567

23
25
29

State
Department

6,382
6,370
6,787
7,244
7,607

312
356

66
106
92

,

Post
Office
Department 27*

355
394

183
182
216
214
229

325
418
313

1961-July
August . . .
September

562 2/
645

Treasury Department
Interior
Department

666

,

40
43

7,575

1,981
1,993
2,071
2,295
2,645

1954
1955
1956
1957
1958

11,948

40,336
35,532
35,791
38,439
41,233
42,824
44,677

39

99

32

Civil
functlcl

39,062

97

y

Military

605
548
573
639
733

1958

1956

Commerce
Department

5,282
4,381
4,473
4,115
4,081

9
10
10
11

65
85

Defense Departments

General
Services
Administration

I

.

.

President" to "Independent offices") beginning 1959, Federal Civil
Defense Administration from "Independent offices" to "Executive Off:
of the President," and the former Civil Aeronautics Administration
and the Civil Aeronautics Board from "Commerce Department" to
"Independent offices"; beginning 1960, military assistance from "Fu
appropriated to the President' to "Defense Department, military,"
pursuant to budgeting Instruction in the Mutual Security Act of 195
approved July 24, 1959 (22 U.S.C. 1813).
1/ Reconstruction Finance Corporation is included under "Independent o
flees" through 1954, and under "Treasury Department" beginning 1955
except functions transferred to Export-Import Bank, Federal Natlona
Mortgage Association, General Services Administration, and Small Bu
ness Administration. The corporation was abolished at the close of
June 30, 1957, by Reorganization Plan No. 1 of 1957, and its remain
functions were transferred to the Housing and Home Finance Administ
tor, Administrator of General Services, Administrator of Small Busl
Administration, and Secretary of the Treasury.
Remaining footnotes on following page.

.

larch

1962
.BUDGET RECEIPTS AND EXPENDITURES

Table 4.- Interfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
(In millions of dollars)

.
1

7

Fiscal
year or
month

rcasury
Tt

Ballet,

BUDGET RECEIPTS AND EXPENDITURES

Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of January 31, 1962
(In millions of dollars; negative figures are ded

he columns in which they appear)

.

Additional, fiscal year 1962 to date

Unexpended
Increase

:.ses

Agency

brought forward
1961
_
1

iations

.

expend froo debt
receipts 4

authorisations %/

4

58

58

44

29

29
2,373
11,460
590

Funds appropriated to the President
rent offices
Services Administration
lone Finance Agency

-63

11,023
590

4,768
Commerce Department

.:

borrow ingi.
investment
6/

ins to

137

113

Ive Branch

i

971

793

28,584
2,598

47,700

375

1,010

406

-237

725

734

5

5,507
810

17

par

47,700
1,600
1,010

lgn transactions
4,048
910
295
632

440
38

231
333

875
282

875
282
10,160
62

6,309
lumbia

-

Federal payment and loans to

62

78,220

87,8

-

:-S2

Agency

'.

ive 3ransh

92

ilciary

Office of the President
propriated to the President
Independent offices
Services Administration
Housing and Home Finance Agency

20
,029
,597

273
481

Coomerc*

346
,088

Military ass:
601
'

ributed for-

3
r; d

Welfare Department

,497

Justice Depart--:::Labor Department
Post

Of:'

:

-

Treasury Department
of Columbia - Federal payment and
"

-

expenditures
" Jtal

Deduct:

Certain

i:.

Total budget expenditures

-

52

to date

II

i.e.'

89,255

.

.

March 1962
-BUDGET RECEIPTS AND EXPENDITURES

Table 6.- Expenditures and Balances by Functions
(Fiscal years; In millions of dollars)
1962 through January 15/

Function
code
number

1958

1961

Expenditures

Unexpended
balances end
of period

v
Major national security :
Military defense (military functions)
Military assistance
Development and control of atomic energy
Stockpiling and defense production expansion

061
062
066

067

Total major national security
International affairs and finance:
Conduct of foreign affairs
Economic and financial assistance
Foreign information and exchange activities

151
152
153

Total international affairs and finance

38,439
2,352
1,990

41,233
2,340
2,541

490

39,062
2,187
2,268
625

43,270

44, 142

157
1,683
133

173
1,910
149

1,973

774
126
2,870

43,228
1,449
2,713
23

26,091

312

41,215
1,609
2,623
180

559
1,574
21

50,226
3,639
2,436
184

46,426

45,627

47,413

28,245

56,486

237

219
1,477
137

217

3,403
139

2,126
158

208
1,571
101

14,734

2,231

1,780

1,833

2,501

574

383
136
3,368

406

177
3,275

47

699
168
,104
43

35

33

801
175

856
156

921
193

4,793

5,026

400
1,558
469
292

458
1,797
546
319

71
32

72
34

201

221

3,022

3,4-47

3,430
227 2/
267

74

207
15,016

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

101
102
103
104
105
106

Total veterans' services and benefits
Labor and welfare:
Labor and manpower
Public assistance
Promotion of public health
Promotion of education 4/
Promotion of science, research, libraries, and museums ^/.
Correctional and penal institutions
Other welfare services and administration 6/

211
212
213
214
215
216
217

Total labor and welfare

Agriculture and agricultural resources:
Stabilization of farm prices and farm income 7/
Financing farm ownership and operation 8/
Financing rural electrification and rural telephones
Conservation and development of agricultural land and
water resources 6/
Research, and other agricultural services 6/

development of land and water resources.
development of forest resources
development of mineral resources
development of fish and wildlife
of natural resources
surveys and administration

Total general government

Footnotes at end of table.

3,622
25
1,030
179

2,159
44
653
106

1,557

961
179

5,174

5,060

5,262

3,128

2,453

844
1,969

411
2,061
818

671
2,170
939

279

302

559
243
49
319

783
1,638
569

39

569
211
46

516
1,468
643
356
139

4,421

4,419

3,151
239

5,126

704

468
119

111
664
99

231

177

488
42
106

4,950

3,330

3,856

3,472

2,836

349
301

75

31

297

315

178

354

374

U8

644

232

227

255

692
293

727

355

547
291

322

219

236

4,389

6,529

4,838

5,172

3,952

1,138
174

1,183
201

1,235

1,396

220

958
191

353

4,525 2/

401
402
403
404
405
409

510
511
512
513
514
515
516
-.17

518
519
520
521

925
163

601
602
603
604
605
606
607
608
609
610

250

1,816
153
61
98
144

59

71

60
69
43

68
86
60

65
68
74
51

331
61
73
91
55

1,297

1,544

1,669

1,713

2,007

1,331

2,302

365

392
31
315
89

436

508

566

30

38

36

375
25

494
145
774
108
97
1,085
139

568
401
525
130
134
279

58
16

850
93
1,004
1,686
884
5,588
1,607
8,523
3,868
40
295

3,883

2,531

24,470

109
49

118
13
611
370
311
56

79
32
8

123

12
558

392

259

328
658
158

217
91
28

240
123

106

36

51

94
125
172
13

1,695

1,931

1,249

1,713

62
51
59
38

40 10/
219
76
518
49
60
-60
59
45
65
21

1,455 10/

Total commerce, housing, and space technology
General government:
Legislative functions
Judicial functions
Executive direction and management
Central fiscal operations
General property and records management
Central personnel management and employment costs 14/
Civilian weather services
Protective services and alien control
Territories and possessions, and the District of Columbia.
Other general government

13
9

3,802
955
1,145

352

Total natural resources
Commerce, housing, and space technology:
Promotion of water transportation
Provision of highways
Promotion of aviation
Space exploration and flight technology
Posta 1 service
Community development and facilities
Public housing programs
Other aids to housing 11/
Other aids to business 12/
Regulation of commerce and finance
Civil and defense mobilization
Disaster insurance, loans, and relief 13/

83
82

3,278
246
330

351

Total agriculture and agricultural resources
Natural resources:
Conservation and
Conservation and
Conservation and
Conservation and
Recreational use
General resource

tt

674
78
51
228
115
49
66
21

2,109

502
239
140

51

20

47
12

44

10

39
199
75

95
58
46
-1

3,421

102

90
40
9
476
194
627
38
187
77
1,790

58
46

566
291
205
46
216
89
30

1,359

(Continued on following page)

367
211
54

716
744

9M
164
150
307
152

67
58
7

52

36

48
63
36

451
577
324
124
92

327
154

31

32

144
36
141

32
9

Treasury Bulletin
.BUDGET RECEIPTS AKD EXPENDITURES.

Table 6.- Expenditures and Balances by Functions

-

(Continued)

.

;

March 1962
TRUST ACCOUNT AND OTHES TRANSACTIONS.

Table 1.- Summary of Trust Account and Other Transact lone
(I"

Fiscal year
or month

1954.
1955.
1956.
1957.
1958.

expenditures (-),
from trust account
and other transactions

ars)

Exces:
receip*

Oovemment
agencie

expenditures (-)

328
231

1/

2,386

("),

debt

-

-

602
173

..

71

23,583

-

33
;
.

.

-

-248

857

-

-66

1961-Jui:

September.
Oct:
Noveit

709

1,872

780

1,994

828

-726

44

108

-154

479

Decc

258

1962-January. ..
February.

-152
381

28
866

Actual figures are from the
expenditures ot the Government (for exx
aee page II )
January 18, 1962, including effects of proposed 1
Certain Intertruet fund transactions are exc.
and expenditures beginning w:
Ly 1961 issuFor detail see Table 6.
Effective July 1, 1955, security transaction:
enterprises are included in deposit fund account expenditures (net)

165

Source;

.

2/

.

agencies in
securi

.}

and from nc
market

(sec-

,

revise.
ion basis,
guaranteed securities beginning 1955 (see Table 4).
ed for reel-,
.;
advances

..eer.
:

i

the gen
3eginning fiscal 1961,
from receipts; befoi

Table 2,- Trust Account Receipts
1

-

-2,300

-602

'

Of

:

633
-329

.

1/

-

Government agencies in

-

.

195

1960.
1961.

1963

Lc

.

r

wei

Aed under

expend:-

:

Treasury Bulletin

10
TRUST ACCOUNT AND OTHEK TRANSACTIONS.

Table 3.- Trust and Deposit Fund Account Expenditures

reasuri)
Tt

12

TRUST ACCOUNT AND OTHER TRANSACTIONS.

Table 5.- Net Redemption or Sale of Obligations of Government Agencies In the Market
(In millions of dollars;

negative figures are excess of sales)

Bullet

..
.
.

larch

'

1962
13

TRUST ACCOUNT AND OTHER TRANSACTIONS.

Table 6.- Intertrust Fund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)

Fiscal year
or month

Federal
Old-Age and
Survivors
Insurance
Trust Fund 1,/

Federal Disability
Insurance
Trust
Fund 1/ 2/

124
600
332

>3

Si

(Est.).
(Est.).

340
375

12
12

-July
August.
September.
.

October.
November

.

.

.

Railroad
Retirement
Account

1/3/

Unemployment
Trust
Fund Ij

-January.
February.
.

y

District
of
Columbia 6y

12

2

10
7

3
3

5

3

2

211
132

86
32

9
10
10
12

66

42
44

12
12

55

18
16
12
10
11
135

908
515

473
498

11

1

12

19

1

20

1

15

1

19
18

14

18
17

1

December.
,52

Federal
employees
retirement
funds

1

7
14

3

1

8

1

15

I

;

See Table 1.
Payments are made between the Railroad Retirement Account and the
Federal Old-Age and Survivors and Federal Disability Insurance trust
funds so as to place those funds in the position in which they
would have been if railroad employment after 1936 had been included
under social security coverage.
Includes interest on amounts reimbursed to the Federal Old-Age and
Survivors Insurance Trust Fund for administrative expenses.
Includes temporary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the

4/
5/
6/

account is insufficient to meet payments of benefits and refunds due
or to become due.
Repayment of advances plus interest to the Railroad Retirement
Account. See footnote 3.
Transfers from the Civil Service Retirement and Disability Fund to
the Foreign Service Retirement and Disability Fund.
Contributions and beginning with 1958, transfers of deductions from
employees' salaries to the Civil Service Retirement and Disability Fund.
Less than $500,000.

Treasury Bulletii

1U
CASH INCCME AND OUTGO

The cash Income and outgo data appearing in the
Treasury Bulletin, beginning with the February 1956 Issue,
are on a basis consistent with receipts from and payments
to the public as derived in the 1957 ana subsequent 3udget8
of the United States (In the Budget for 1963 in Special

Reconciliation to cash deposits and withdrawals In the account of the Treasurer of the United
States Is shown on the sair.e basis as In the Budget docu-

Analysis B).

ments.

There Is also shown the amount of net cash borrow-

the public. By
data In accordance with the 3ucget
classifications are made available month by month. Figures
for back yearB have beer, revised where necessary In order
ing from, or repayment of borrowing to,

these arrangements,

,

In payments on a net basis as reflected In Treasury re-

Major lntragovernmental 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
ports.

also eliminated from expenditures but are added later when
Receipts from the exercise of
actual payments are made.

monetary authority are excluded as not representing cash
received from the public. Federal cash borrowing from the
public includes net borrowing by the Treasury through
public debt transactions and also net borrowing by Government agencies and Government-sponsored enterprises through
It excludes changes In the
sales of their own securities.

make them as nearly comparable with current Budget
For this
classifications as available data will permit.
reason certain of the figures differ somewhat from those
published In earlier Budget documents as well as In the

public debt which do not represent direct cash borrowing
from the public. The net effect of all these transactions
with the public Is reflected In changes In the balance

Bulletin.

Treasury.

to

In the Treasurer's account and In cash held outside the

The Budget series of cash transactions Is designed

Cash transactions through the Treasurer's account

to provide Information on the flow of money between the

are similar In general concept to those Included In the

and therefore

Budget series, but are limited In coverage to transacOn the
tions which affect the balance In that account.
other hand, they Include receipts from the exercise of
monetary authority, which are excluded from receipts from

public and the Federal Government as a whole,

Includes transactions not cleared through the Treasurer's
account.
Receipts and payments Include transactions both
In budget accounts and in trust and deposit fund accounts.
Operations of Government-sponsored enterprises are Included

the public In the Budget serleB.

..
.

March 1962
15
.

CASH INCOME AND OUTGO

.

Table 1.- Summary of Federal Government Cash Transactions with
the Public
(In millions of dollars)

Net cash transactions with the public

other than borrowing
Fiscal year
or month

1954
1955
1956
1957
1958
1959
1960
1961

Federal receipts from
the public 1/

71,626
67,836
77,087
82,105
81,892
81,660
95,078
97,242

Federal payments to the
public 1/

71,858
70, 537

72,616
80 006
83,412
94,804
,

94, 301

99,528

Plus:

Excess of
receipts, or
payments (-)

Net cash
borrowing from
the public, or
repayment (-)

Plus: Receipts from
exercise of

monetary
authority

-232
-2,702
4,471
2,099
-1,520
-13,144
777
-2,286

2,512
1,809
-4,366
-3,100
5,760
8,678
1,821
698

73
29
23
49
59
44

7,801
-1,849

67
40

53

55

Equals:

Change in cash balances

Treasurer's account
balance, increase,
or decrease (-)

Cash held outside
Treasury, increase,
or decrease (-)

2,096
-551

257
-312
-202

331

-956
4,159
-4,399
2,654
-1, 311

-222

-694

38

-101
-572
2,936

163
-52
-20

5

140
-23
-4

1962 (Est.)...
1963 (Est.)...

102,623
116,614

111,147
114,804

-8, 524

1961-July
August
September

3,793
9,357
10,236

7,902

-4,109
-1,195
1,970

4,167

10, 552

October.
November.
December.

3,872
8,554
8,868

9,385
9,218
8,576

-5, 512

2,775
707
30

-2,759

30

-663
292

63

234

-17
95

1962 -January.
February,

5,968
9,567

8,726
8,967

-2,758
600

,243
53

-1,513
644

12

60,216

71,591

-11,375

-1,069

215

.

.

1962 to date.

8,266

1,810

Source:
Actual figures are based on the monthly statement of receipts
and expenditures of the Government (for explanation of reporting
bases, see page II); estimates are from the 1963 Budget document,
released January 18, 1962, including effects of proposed legislation.

563

939

10,476
1/

45

4

Figures in this column differ from those published prior to the
September 1960 Treasury Bulletin because of the exclusion of a few
additional Items of budget receipts which are also budget expenditures
(see Tables 3 and 4).

Table 2.- Summary of Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)

Treasury Bulletin
CASH INCOME AND 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
-

March 1962
17

CASH INCCME AND OUTGO

Table 5.- Intragovernmental Transactions Excluded from Both Receipts and Payments
are)

Budget

.

-

celptfi

Fiscal year

mtb

-

-30

trust fund
exper.

-lse
i

i/

vested

expenc

V

4/

2

68
81
102

1,207

5

6

221

1,342

8

239
261
69 7/

1,315
1,327

10

...

80

.

...

35

1,518

4

7
5

.

2C

1962-January. .,
February.

Source:

10
10

_
1,324

4
23
24

73
73

186
74

36
31
311

71
62
80

125

206
165

8

71

165

29

67

-206

4

^ber.
December.

-

863
860

6
Oct-.

681

841

.

•-ember

662

8

3,698

3,5%
188

See Table 1.

180

577

250
-98

Footnotes follow Table 7.

Table 6.- Accrued Interest and Other Noncash Expenditures Excluded from Payments
(In millions of dollars)

Met ac
interest on
savings bonds
and Treasury
bills 1/
:

year
or month
.

1954
1955
1956
1957
1958

524

497
456
388

254

Noncash expenditures involving issuance
of public debt securities 3/

Clearing
account for
public debt
interest 2/
bonds 4/

Armed Forces
leave bonds $/

Interns

Monetary Fund

Inter-American
Development
Bank

checks
outstanding,
etc. 7/

-15
234
91

109
156
175
-674
-450

-115
-55
335
-753
579

87
231
6

-2
-2
-1

1,361
259

-116
-380

449

258

58

279

821

-1
-1

-300

-50

-113
234

61
838

274

229
-991
717

801
341
222

1962 (Est.)....
1963 (K

500
575

1961-July
August . . .
September.

150
28
71

-241
-388
383

October...
November..
December..

33
51

94

438
93
-74

100
10

538

2

-368

21

Source: See Table 1.

International
Development
Association

-14
-8
-7
-6
-4

68
26

1959
1960
1961

1962-January. .
February.

Clearing

notes to - 6/

25
30

45
-470
-17

280
25
58

-268
-65i
180
302

tea follow Table 7.

572
615

-

234
-143
439
-35

.,

Treasury Bulletin

IS

,

CASH INCOME AND 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 borrowing (-); in millions of dollars)

Change in public debt and agency obligations held by the public

Fiscal year
or month

Public debt
increase, or
decrease (-)

5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640

1962 (Est.)....
1963 (Est.)

1961-July
August
September,

1954
1955
1956
1957
1958
1959
1960
1961

Plus:
Net sale of obligations
of Government enterprises in
the market

Public and
trust enterprise funds
-14
602
173
1,085
567

Governmentsponsored
enterprises
11

269
872

Net investment in Federal
securities by Government agencies

Equals:
Increase in

Trust funds

Public
enterprise
funds

Governmentsponsored
enterprises

securities
held by the
public, or
decrease (-)

1,686 1/
1,236
2,516 2/
2,262

126
101

446 1/
171
549
41
461
-68
236
432

3,130
2,454
-3,743
-3,392
5,560
10,837
2,418
1,234

Less:

105
-1,215

1,023
-733

-167
1,222
723
195

551
289

36
91
102
166
149

6,399
-450

1,231
709

361
500

-120
1,470

289
343

-155
191

3,433
1,310

24

108

-827
1,377
-635

47
20
-27

-83
-106

35

41
70
305

117

121
993

October. .
November.
December.

1,911
1,350
-842

28
168

-10
141

-847
210
-539

19
-19

-42

-77
205
-320

2,839
1,124
144

1962-January. .
February.

98

-1,141

4

400

,345

470

-122

404

34

-72

84

,

345

71

32

33

165
102

86

-1

-1,245

4,3&

March 1962
19
.

CASH INCCME AND OUTGO

,

Footnotes to Table 3
_

£/
Jt/

All previously published figures were revised in the September 1960
Bulletin to take account of the deduction of certain interfund transactions from both net budget receipts and budget expenditures; and
also in the July 1961 issue, deductions for certain intertrust fund
transactions from both trust account receipts and trust account
expenditures (see pp. 2, 4, 9, and 10). Formerly such transactions
were included in the intragovernmental transactions which were
deducted in deriving receipts from and payments to the public.
Treated as noncash refund deductions from receipts when issued and
as cash refund deductions when redeemed.
Consists of seigniorage and the increment resulting from reduction
in the weight of the gold dollar; excluded from receipts from the
public but included in cash deposits in the Treasurer's account.

U

5/

6/

*

Figures in this column differ from' those published prior to the
September 1960 Treasury Bulletin because a few additional items of
budget receipts which are also budget expenditures are included in
the interfund transactions deducted from budget receipts and budget
expenditures (see footnote l).
Adjusted for reclassification of certain repayments of advances from
the general fund
Beginning fiscal 1961, principal amounts for refunds of taxes applicable to trust accounts, formerly included with trust account
expenditures, are deducted from trust account receipts
Less than $500,000.

Footnotes to Table 4
1/
2/

See Table 3, footnote 1.
Net operating expenditures, or receipts (-), as measured by funds
provided by or applied to net security transactions reflected in
Treasury reports (see Table 7). To a large extent, these Governmentsponsored enterprises secure funds for their operations by direct
borrowing from the public or by cashing Federal securities which they
hold, and they apply the net income received from operations to
repayment of borrowing from the public or to investment in Federal
securities. On that basis, net expenditures for operations are shown
in this table in terms of the combined net of disinvestment in Federal

%/
ij

6/

2/

securities and sale of agency obligations in the market, and net
receipts from operations are shown in terms of the combined net of
investment in Federal securities and redemption of agency obligations
in the market.
See Table 3, footnote 4.
See Table 7, footnote 1.
Does not include revolving fund receipts representing acquired securities amounting to $1,643,070 (par value).
See Table 3, footnol
See Table 3, footnote 6.

Footnotes to Table 5

1/

2/

2/

Includes reimbursements for administrative expenses by the Federal
Old-Age and Survivors and the Federal Disability Insurance Trust
Funds, and beginning 1961, the Unemployment Trust Fund; reimbursements
for refunds of employment and certain excise taxes (highway) through
fiscal I960; reimbursement by the District of Columbia; Federal
National Mortgage Association for payment of dividends, interest, etc.,
under secondary market operations; and Federal intermediate credit
bank franchise tax and repayment of capital stock to the Treasury
after December 1956 and before January 1959.
Consists of payment of franchise tax by banks for cooperatives
beginning 1955, and also by Federal intermediate credit banks beginning January 1959.
Includes relatively small amounts of deductions from salaries paid by
trust funds and Government-sponsored enterprises. Beginning with
fiscal year 1958 excludes deductions from salaries of District of
Columbia employees, and beginning with fiscal year 1959 excludes
voluntary contributions.

ij

%/

6/
7/
*

Consists of payments to employees' retirement funds representing
United States and Government corporation shares of contributions;
payments to the Railroad Retirement 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 Columbia; and awards of Indian Claims Commission.
Figures in this column differ from those previously published because
budget receipts which are also budget expenditures, and trust fund
receipts which are also trust fund expenditures are no longer included;
see Tables 3 and 4
See Table 3, footnote 5.
See Table 3, footnote 6.
Less than $500,000.

Footnotes to Table 6

1/
2/

2/

tj

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,
effective date of the change in accounting and reporting from a
due and payable basis to an accrual basis; for 1954, consists only
of public debt interest checks and coupons outstanding; net increase,
or decrease (-)
Treated as noncash expenditures at the time of issuance of the securities and as cash expenditures at the time of their redemption; net
issuance, or redemption (-).
Issued in 1936 In exchange for adjusted service certificates held
by veterans of World War I, The bonds matured in 1945.

5/

6/

7y

Issued in 1947 in payment for accumulated leave. The last of these
bonds matured in 1951.
Parts of the United States subscriptions to the International
Monetary Fund, the International Development Association, and the
Inter-American Development Bank were paid in nonnegotiable,
noninterest-bearing notes of the United States, payable on demand.
See "Budget Receipts and Expenditures," Table 3, footnote 10.
Checks outstanding leas deposits in transit, and changes in other
accounts; net increase, or decrease (-).
Less than $500,000.

Footnotes to Table 7

1/

1/

In this table, in accordance with treatment in Budget documents, net
investment in United States securities by Government-sponsored 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

with other trust accounts.
Does not include investments representing acquired securities amounting
to $1,643,070 (par value) and donation of securities amounting to
$45,800 (par value).
Accrued discount on savings bonds and bills, which is included in the

U
5/
6/

7/
*

principal of the public debt, less interest paid on savings bonds
and bills redeemed.
and as cash
Treated as noncash transactions at the time of issuance
redemption {-I
transactions at the time of redemption; net issuance, or
are treated as
Excluded from borrowing because the transactions
expenditures in Table 6.
are treated as
Excluded from borrowing because the transactions
deductions from receipts in Table 3.
and agency obligations.
Market transactions in public debt securities
Less than $500,000.

..
..

.

I

suru Bulletin
ACCOUNT OF THE TREASURER OF THE UNITED STATES

Source and Aval Inbl

1

1

ty of the Ba lance

The aooount of the Treasurer of the United States
reflects not only budget reoelpts and expenditures but
also trust,

deposit fund, and public debt transactions.

,

In the Treasurer's Account

account to the tax and loan aooount In the same bank. On
occasions, to the extent authorlied by the Treasury,
banks are permitted to deposit In these acoounts proceeds

from subscriptions to public debt securities entered for

The working cash of the Treasury Is held mainly In

Treasurer's accounts with Federal Reserve Banks and
As the balances In these accounts become de-

branches.

they are restored by calling In

pleted,

their own account as well as for the account of their
customers.

(

transferring)

The tax and loan account system permits the Treasury

comunltles

funds from the tax and loan aocounts with thousands of

to leave funds In banks and In the

oommexclal banks throughout the oountry.

they arise until such time as the Treasury needs the funds
for Its operations.

Deposits to tax and loan aocounts occur In the
normal course of business under a uniform prooedure

to neutralize

In whloh

In this way the Treasury Is able

the effeot of Its fluctuating operations

on bank reserves and the economy.

applicable to all banks whereby customers of banks deposit

with them tax payments and funds for the purohase of
Government securities.
In most cases the transaction
Involves merely the transfer of money from a customer's

A detailed description of the Treasury's depositary
system may be found In the Annual Report of the 9eoretary
of the Treasury for 1955,

pages 275-28

1

*.

Table 1.- Status of the Account of the Treasurer of the United States
(In nJ

',

End of
fiscal
y?sr or
merit h

Available
funds in
Federal
Banks

Tax and loan
accour.'

special
deposit

ing balance

Gold in
Treasury
fund

380

•401

101
106

408

1960-T*

U8

:ly

August

.

.

.

'.ember

I

.ber.

TVcember.

lotc-january.
Februars

4,834

.ioll8rs)

Liabilities

line las

collec

balance

currency

•1 e

Banks in
process of

!

.

I

sries

Balance in
account of
Treasurer
of U. S.

March

[%2

21
:

Tfthie 2.-

Prowls

AnnlyBiB of Changes

fron sales

'jt

3<«<irit,l<;3

in 'inx

and Loan Account n«i«nceB

i/

rise*.
-

.

39,879

4,^4

1,649

3,246
3,744

6,45S
7,653

5 ,242

4,393

4,745
7,754
7,344

4,?}4
4,074

a/
-

My
-

jays'

2/ In

I

Treasury Bulletin

22
DEBT OUTSTANDING

Table 1.- Summary of Federal Securities
(In millions of dollars)

March 1962
23
DEBT OUTSTANDING

Table 3.- Interest-Bearing Public Debt
(In millions of dollars)

Public issues

Total
interestbearing
public

End of
fiscal
year or
month

debt

Nonmarketable

Treasury bonds

Total
public
Issues

Certificates

Total

1954
1955
1956
1957
1958

268,910
271,741
269,883
268,486
274,698

226,681
228,491
224,769
221,658
228,452

150,354
155,206
154,953
155,705
166,675

23,420
22,406

1959
1960
1961

281,833
283,241
285,672

237,078
238,342
240,629

178,027

32 ,017

183,845
187, 148

1960-Dec.

286,820

242,474

1961-Julj
Sept

288,998
290,659
290,773

Oct.
Nov.
Dec.

1962-Jan.
Feb.

Aug.

19,515

Notes

Bank
eligible

Bani restricted

Other
bonds

U.

Total

31,960
40,729
35,952
30,973
20,416

71,706
81,057
81,840
80,789
90,883

33,415
36,723

33,843
17,650
13,338

27,314
51,483
56,257

84,803
81,247
80,830

189,015

39,446

18,442

51,284

79,794

53,459

244,800
245,086
245,766

191,275
191,138
191,925

40,828
40,928
41,939

13,338
5,509
5,509

56,295
65,048
65,188

80,814
79,653
79,289

53,525
53,948
53,841

292,709
293,604
292 ,689

248,819
249,387
249,169

195,234
195,643
195,965

42,641
43,442
43,444

5,509
5,509
5,509

67,807
71,488
71,526

79,277
75,204
75,486

293,111
293,549

250,806
250,798

197,628
197,609

43,947
44,246

5,509
12,375

71,574
64,400

76,598
76,588

Daily Treasury statement.
Source:
Issues which commercial banks (banks accepting demand deposits) were
not permitted to acquire prior to specified dates, except that: (l)
concurrently with the 4th, 5th, and 6th War Loans and the Victory
Loan, they were permitted to subscribe for limited investment of
their savings deposits; (2) they might temporarily acquire such issues
through forfeiture of collateral; (3) they might hold a limited
amount of such issues for trading purposes.

8,672

2/

i/

2/

Treasury
bonds
Investment
series

2/

18,405
13,836
16,303
20,473
32,920

19, 514
,808

.::

S.

savings
bonds

Depositary
bonds

Other

Special
issues

3/

96
71
50
50
50

76,326
73,285
69,817
65,953
61,777

58,061
58,365
57,497
54,622
51,984

12,775
12,589
12,009
11,135
9,621

411

196
171

46,827
46,246

50
50

59,050
54,497
53,481

50,503
47,544
47,514

8,365
6,783
5,830

183
170
117

44,756
44,899
45,043

6,152

137

44,346

47,574
47,640
47,670

5,792
5,701
5,551

138
136
149

20
470
471

44,198
45,573
45,007

53,585
53,744
53,205

47,743
47,824
47,458

5,167
5,123
5,074

157
153
154

518
643
519

43,890
44,217
43,520

53,178
53,189

47,500
47,549

5,008
4,972

148
146

522
522

42,304
42,751

417
310

5,079
1,913

42,229
43,250
45, 114

Consists of Panama Canal bonds through May 1961, and also postal
savings bonds until the last of these bonds matured on July 1, 1955.
Consists of Treasury savings notes (1954 and 1955); Treasury bonds,
R. E. A. series beginning July 1960; certificates of Indebtedness foreign series beginning August 1961; and the dollar equivalent of
certificates of indebtedness, foreign currency series issued and payable in Swiss francs beginning October 1961 and Italian lire beginning
January 1962.

Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt V
(In millions of dollars)

Maturity classes
End of
fiscal year
or month

Amount
outstanding

Within
1 year

Average length

1-5

5

years

years

- 10

10 - 20
years

20 years
and over
mos.
mos.
mos.
mos.
3 mos.

6
10
4
9

1954
1955
1956
1957
1958

150,354
155,206
154,953
155,705
166,675

62,734
49,703
58,714
71,952
67,782

29,866
39,107
34,401
40,669
42,557

27,515
34,253
28,908
12,328
21,476

28,634
28,613
28,578
26,407
27,652

1,606
3,530
4,351
4,349
7,208

yrs.
yrs.
yrs.
yrs.
yrs.

1959
1960
1961

178,027
183,845
187,148

72,958
70,467
81,120

58,304
72,844
58,400

17,052
20,246
26,435

21,625
12,630
10,233

8,088
7,658
10,960

4 yrs.
4 yrs.
4 yrs.

1960-Dec ember.

189,015

75,315

70,812

18,684

13,224

10,979

4 yrs.

1961-July
August
September

191,275
191,138
191,925

85,224
80,675
81,334

58,437
63,607
63,747

26,433
25,693
21,934

10,225
10,212
11,479

10,956
10,952
13,431

yrs.
yrs.
yrs.

4 mos.
5 mos.

195,234
195,643
195,965

65,828
67,105
64,874

21,930
19,487
19,782

11,469
11,982
11,976

13,428
13,428
13,419

yrs.
yrs.
yrs.

7 mos.

October
November.
December

82,578
83,641
85,913

1962-January.
February.

197,628
197,609

86,416
88,417

64,921
62,910

20,918

li,959
11,954

13,414
13,411

yrs.
yrs.

6 mos.
7 mos.

.

.

.

Source:
Office of Debt Analysis In the Office of the Secretary.
j/ All issues classified to final maturity except partially tax-exempt

.

0,916

date.
bonds, which are.classif led to earliest call

7 mos.
4 mos.

6 mos.

8 mos.

8 mos.
7 mos.

Treasury Bulletin

24
DEBT OUTSTANDING

Table 5.- Special Public Debt Issues to United States Government Investment Accounts
(In millions of dollars)

End of fiscal
year or month

March 1962

..
.

Treasury Bulletin
,

.DEBT OUTSTANDING.

Table 7.

Interest-Bearing Securities Issued by Federal Agencies But Not
Guaranteed by the United States Government
(In millions of dollars)

Federal National
Mortgage Association
Banks for
cooperatives

End of fiscal
year or month

Federal
home loan
banks 1/

Federal
Intermediate
credit banks

Federal land
banks 2/ J/

929
738
456

924
1,159

1,007
1,061
1,322
1,552
1,646

382

992
1,259
1,055

1,456
1,600
1,723

1,888
2,137
2,357

7,911

407

1,266

1,454

1961-July
August
September

7,837
7,925
8,312

380
384
384

1,054
1,093
1,335

October.
November
December.

8,311
8,466
8,574

445
439
434

1962-January.
February.

8,819
8,770

434
452

1954
1955
1956
1957
1958

1,967
2,876
3,889
5,013
5,423

120
110
133

1959
1960
1961

6,708
8,407
7,765

284
330

1960- December.

.

.

115
341

179
199

725
793
834

Management
and liquidating issues

570
570
570
797

All other
issues

Tennessee
Valley
Authority

100
1,050
1,165

1,290
2,284
2,198

50

2,210

2,523

50

1,767
1,795
1,782

2,357
2,357
2,431

2,179
2,197
2,281

100
100
100

1,334
1,573
1,571

1,715
1,623
1,585

2,431
2,431
2,431

2,287
2,300
2,453

100
100
100

1,683
1,443

1,569
1,602

2,431
2,495

2,602
2,633

100

Office of Debt Analysis and agency reports.
Source:
The securities shown in the table are public offerings.
Note:
The proprietary interest of the United States in these banks
1/
ended In July 1951.

2/

2/

797
797

145

The proprietary interest of the United States in these banks ended
June 1947.
Figures do not include securities which are issued for use as collat
eral for commercial bank borrowing and not as a part of public
offerings.

March 1962
27
.STATUTORY DEBT LIMITATION.
The Second Liberty Bond Act
amended by an act approved June

30,

(

31 U.3.C.

757 b), as

and June 30, 1955); $3 billion beginning on July
1, 1956,
and ending on June 30, 1957 (act approved July
9, 1956);
$5 billion beginning on February 26, 195s, and ending on

1959, provides that

the face amount of obligations Issued under authority of
that act, and the face amount of obligations guaranteed

June 30,

as to principal and Interest by the

United States (except
guaranteed obligations held by the Secretary of the Treasury)

1, 1959, and ending on June 30, i960
(act approved June 30, 1959); $S billion beginning
on
July 1, i960, and ending on June 30, 1961 (act approved

shall not txceed In the aggregate $285 billion out-

standing at any one time.

The corresponding limitation
under the act of June 26, 19^6, was $275 billion
and that under the act of September 2, 1958, was $283 billion.
In addition, temporary Increases have been author-

June 30, i960); and $13 billion beginning on July
1, 196I,
and ending on June 30, 1962 (act approved June 30, 1961
).

In effect

$6 billion beginning on August 28,

ized as follows:

and ending on June 30,

1959 (act approved February 26, I958); $10 billion

beginning on July

Obligations Issued on a discount basis, and subject to
redemption prior to maturity at the option of the owner,
are Included In the statutory debt limitation at current

195!+,

1956 (acts approved August 28, 1954,

redemption values.

Table 1.- Status under Limitation, February 28, 1962
(In millions of dollars)

Maximum amount of securities which may be outstanding at any one time under limitation imposed by the act
of June 30, 1959 (31 U.S.O. 757b), as increased temporarily by the act of June 30, 1961

298,000

Amount of securities outstanding subject to such statutory debt limitation:
U. S. Government securities issued under the Second Liberty Bond Act, as amended
Guaranteed securities held outside the Treasury

296,546

Total amount of securities outstanding subject to statutory debt limitation
Balance issuable under limitation
Source:

Daily Treasury statement.

Table 2.- Appllcation of Limitation to Public Debt and Guaranteed Securities
Outstanding February 28, 1962
(In millions of dollars)

Subject to
statutory debt
limitation

Class of security

Public debt:
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness.
Treasury notes
Treasury bonds

Not subject to
statutory debt
limitation

44,246
12,375
64,400
76,588

44,246
12,375
64,400
76,588
197,609

197,609

Total marketable
Nonmarketable:
Certificates of indebtedness, foreign series
Certificates of indebtedness, foreign currency series.
U. S. savings bonds (current redemption value)
Depositary bonds
Treasury bonds investment series
Treasury bonds, R. E. A. series
,

Total nonmarketable

Total
outstanding

450
48
47,549
146
4,972
24

450
48
47,549
146

53,189

53,189

Special issues to Government agencies and trust funds.
293,549

Total interest-bearing securities.

396

Matured securities on which interest has ceased.
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
Special notes of the United States:
International Monetary Fund series
International Development Association series
Inter-American Development Bank series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank note
Other debt bearing no Interest

52
1

2,411
115
25
191
142
102

Total debt bearing no interest
Total public debt
Guaranteed securities:
Interest-bearing
Matured

2,604

434

3,038

437

296,983
369
2

371

Total public debt and guaranteed securities.

Daily Treasury statement.

14-

102

296,546
1/

Total guaranteed securities.

Source:

191

1/

Held outside the Treasury

Treasury Bulletin

28
PUBLIC DEBT OPERATIONS

Table 1.- Maturity Schedule of Interest -Bearing Public Marketable Securities
Outstanding February 28, 1962
Other Than Regular Weekly Treasury Bills

March 1962

Treasury Bulletin
PUBLIC DEBT OPERATIONS

Table 2.- Offerings of Treasury Bills
(Amounts in millions of dollars)

March 1962
31

PUBLIC DEBT OPERATIOIE

Table 2.- Offerings of Treasury Bills
On total bids accepted

Average price
per hundred

Regular weekly bills i

Equivalent average
rate 2/

-

{Continued!

On competitive bida accepted

High
Price per hundred

(Percent)

low

Equivalent rate 7/

Price per hundred

(Percent)

Equivalent rate 7/
(Percent)

1961-Nov.

2

(99.424
198.679

2.280
2.613

99.428
98.686

2.263
2.599

99.421
98.677

2.291
2.617

Nov.

9

(99.406
[98.709

2.349
2.554

99.413
99.402

2.322
2.366

98. 718

98.706

2.536
2.560

99.706

2.277

99.719

2.175

99.700

2.323

(99.364
198.624

2.516
2.721

99.372
98.638

2/

2.484
2.694

99.361
98.614

2.528
2.742

(99.359
(98.626

2.537
2.734

99.363 12/
98.630

2.520
2.725

99.354
98.623

2.556
2.739

(99.341
1,98.581

2.606
2.807

99.346
98.595

2.587
2.779

99.339
98.570

2.615
2.829

Nov.

15 £/

Nov.

16

Nov.

24

Nov.

30

s/

Dec.

7

(99.337
198.551

2.624
2.867

99.346 11/
98.564 12/

2.587
2.840

99.335
98.544

2.631
2.880

Dec.

U

(99.348
198.547

2.579
2.874

99.352 13/
98.555

2.564
2.858

99.346
98.544

2.587
2.880

Dec.

21

(99. 325

198.526

2.670
2.915

99.331 14/
98.540 15/

2.647
2.888

99.322
98.520

2.682
2.927

(99.344
198.562

2.594
2.845

99.350
98.572

2.571
2.825

99.338
98.550

2.619
2.868

(99.317
1.98.513

2.703
2.941

99.325 !£/
98.528 17/

2.670
2.912

99.312
98.499

2.722
2.969

(99.286
198.447

2.824
3.073

99.296 IS/
98.460 12/

2.785
3.046

99.283
98.438

2.836
3.090

(99.300

2.770
2.970

99.306
98.507

2.745
2.953

99.297

98.4%

2.781
2.975

1,98.546

2.688
2.875

99.325
98.558

2.670
2.852

99.319
98.537

2.694
2.894

Dec.

28

1962-Jan.

4

Jan.

11

Jan.

18

1.98.499

Jan.

25p

(99.321

Feb.

lp

(99.316
\98.514

2.706
2.939

99.322 20/
98.520 21/

2.682
2.927

99.313
98.511

2.718
2.945

Feb.

8p

(99.319
198.535

2.695
2.898

99.324
98.544

2.674
2.880

99. 314

98.529

2.714
2.910

Feb.

15p

(99.303
\98. 508

2.759
2.952

99.317
98.519 22/

2.702
2.929

99.298
98.500

2.777
2.967

(99.288
198.476

2.849
3.031

99.293 23/
98.480 24/

2.828
3.023

99.286
98.472

2.856
3.039

98.344
97.986

2.484
2.705

98.400 25/
98.042 £6/

2.400
2.630

98.320
97.975

2.520
2.720

16

97.283
97.134
97.051
96.992

2.679
2.827
2.908
2.975

97.318
97.171 27/
97.101
97.037 22/

2.645
2.790
2.859
2.930

97.262
97.117
97.039
96.979

2.700
2.844
2.920
2.988

15 p

96.588

3.366

96. 614 22/

3.340

96.572

3.381

Feb.

23p

Tax anticipation bills:

1961- July
26
bept.- 27.

Other bills:
1961-Jan.
Apr.
July
Oct.

1962-Jan.

7/
8/

9/
10/

U/
12/
13/
14/
15/
16/
17/
18/
19/

20/

15
15
15

Bank discount basis.
Except $100,000 at 99.402, $200,000 at 99.411, and $50,000 at 99.406.
Except $100,000 at 98.706, and $100,000 at 98.705.
Except $300,000 at 99.380.
Except $300,000 at 99.367.
Except $200,000 at 98.595.
Except $200,000 at 99.393.
Except $200,000 at 99.355, and $330,000 at 99.338.
Except $4,032,000 at 98.546.
Except $300,000 at 99.354, $200,000 at 99.344, and $100,000 at 99.337.
Except $550,000 at 98.534.
Except $100,000 at 99.317.
Except $300,000 at 98.513, and $12,000 at 98.484.
Except $150,000 at 99.342.

21/
22/

2y
24/

25/
26/

27/
28/

22/

Except $10,000 at 98.533.
Except $100,000 at 98.528, Bnd $800,000 at 98.524.
Except $300,000 at 99.317.
Except $100,000 at 98.519, $200,000 at 99.508, $100,000 at 98.500,
and $50,000 at 98.486.
Except $200,000 at 98.413.
Except $200,000 at 98.400, $200,000 at 98.385, $200,000 at 98.365,
$100,000 at 98.155, $200,000 at 98.101, $400,000 at 98.079, $100,000
at 98.064, $100,000 at 98.056, and $100,000 at 98.050.
Except $1,500,000 at 97.182.
Except $100,000 at 97.070.
Except $20,000 at 97.000, $100,000 at 96.852, $1,000,000 at 96.654,
and $3,000,000 at 96.624.
Preliminary.

)

Treasury Bulletin

•:

PUBLIC DEBT OPERATIONS

Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions

Description of issue
Issue

date

Maturity
date

Number of
days to
maturity

Amount
of bids
tendered

Amount
of bids
ac 'epted

Average
on bids
accepted 1/

(Percent

1953-Apr.

May
May
May
June
June
June
June

July
July
July

23.

1953- July

23

7.

Aug.
Aug.
Aug.

6

21.
28.
4.

11.
18.

25.

Aug.
Aug.
Aug.
Aug.

2,166
2,340
2,087

1,500
1,501
1,501

2.352
2.092
2.084

200
200
200

91
91
91
91

1,782
2,290
2,207
1,985

1,500
1,400
1,500

2.416
2.323
2.228
1.954

300
300

2,192
2,167
2,277

1,500
1,501
1,500

2.106
2.007
2.106

300
100
100

1,

:

1

199
198

9.

Oct.
Oct.

8
15

Dec.

10

91

2,023

1,501

1.953

101

1955- Oct.
Oct.
Oct.
Oct.

6

91
91
91
91

2,119
2,258
2,390
2,403

1,600
1,600
1,600
1,601

1.541
1.606
1.619
1.720

99
100
100
100

91
91
91
92

2,328
2,292
2,369
2,178

1,601
1,601
1,601
1,600

1.850
1.889
1.888
1.875

100
98
100
100

91
91
91
91
91

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

91

2,624

1,700

3.283

99

1,700
1,700
1,800
1,802

3.133
3.057
3.182
3.288

99
99
200
202

16.

7.

14.
21.

28.

Dec.
Dec.
Dec.
Dec.
Dec.

Dec.
Dec.

$ 100

91
91
91

91
91
91

Sept.
1,
Sept. 8.
Sept. 15.
'.
Snpt.
Sept. 29,

Mar.
Mar.

2.320

1

25.

Feb.
Feb.
Feb.
Feb.

3

10
17
24

t 1,501

3ct.

Nov.
Nov.
Nov.
Nov.

1957-Jan.

27

J

t 2,202

2.

Sept. 10.

1955-July
July
July
July

Sept.
Sept.
Sept.
Sept.

20

New money
increase, or
decrease (-)

4.
11.

18.

31,
7.

14.
21.
28.
7,

U,
19,

26,

13

20
27
3

10
17
25
1

8
15

22

29

1957- May

May
May
May
May
June
June
1958- Mar.
Mar.

99
102
19
I

101

16
23

91
91
91

31

92

2,626
2,719
2,580
2,741

6

91
91

2,769
2,830

1,800
1,802

3.246
3.239

200

91
91

2,348
2,416

1,730
1,700

140
173

100
93

2,751

1,700
1,700
1,701
1,702

2.753
2.858
2.591
2.587

9

13

20
27

101
100

Apr.
Apr.
Apr.
Apr.

10
17
24

91

2,436

1,700

1.532

Dec.
Dec.
Dec.

11
18
26

91
91
92

2,550
2,636
2,576

1,800
1,800
1,800

2.359
2.604
2.511

100
99
99

2
8
15

2,291
2,382
3,088
2,987
2,872

1,801
1,800
1,803
1,800
1,803

2.920
2.668
2.927
2.804

29

92
91
91
91
91

101
100
104
99
102

5
13

91
92

2,814
2,857

1,802
1,801

2.649
2.774

102
101

1,073

1,600
400

2.805
3.081

200

11

91
182

2,407

\ June

13

(Mar.
\ June

19
18

91
182

2,476
764

1,600
400

2.904
3.095

200

Dec.

26

fMar.
\ June

26
25

90
181

2,394
834

1,601

4X

2.739
3.017

201

1959-Jan.

2

{Apr.
I July

2

90
181

2,479
755

1,600
400

2.690
2.920

199

2

2.678
2.959

199

2.808

1958-Jan.
Jan.
Jan.

2,
9.

16,

Jan.

23

Mar.

13

Sept. 11,
Sept. 18,
Sept. 25
Oct.
Oct.
Oct.
Oct.
Oct.

30

1959- Jan.
Jan.
Jan.
Jan.
Jan.

Nov.
Nov.

6
13

Feb.
Feb.

Dec.

11,

Dec.

Jan.

Jan.

2
9,

16
23

8

15

Footnotes at end of

3

22

[Mar.

91
91
91
91

202

2,430
2 ,68;

(Apr.
I July

9
9

91
182

2,508
680

1,599
400

(Apr.
I July

16
16

91
182

2,178
734

1,600
401

(Continued on following page)

3.034

100
100

197

March 1962

33

PUBLIC DEBT OPERATIONS

Table 3.- New Money Financing through Regular Weekly Treasury Bills
(Dollar amounts In millions)

Description of issue

(Continued)

Treasury Bulletin
PUBLIC DEBT OPERATIONS

Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills
3a*.e

subscrip-

March 1962
35

PUBLIC DEBT OPERATIONS

Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription t
opened or bill
tenders received

Period to final

Date

Amount of subJ.1B tendered

Amount issued

Allot-

-

of

Description of security

issue

2/

-

(years,

Cash

days) 2/

2/

Exchange

For

In exchange

;ash 2/

V

nent

ratio

(In millions of dollars)

1/16/57

1/11/57

3.305? Bill

6/24/57

ant

.

.

8/

2

4L4

1,601 20/

(At auction)

3-3/8* Certificate

2/4/57

2/15/57
2/15/57

3-1/2)6 Note

2/14/58-A
5/15/60-A

2/7/57

2/15/57

3.231* Bill

6/24/57

2/15/57
2/15/57

3-3/8)5 Certificate

3/18/57
.

5/

iy
3y 3m
'..8/
(At auc

129d

2,302

3y ljn

7,489
5,368

2/U/58-A

3-1/2* Note

- Reopening
5/15/60-A - Re

4/1/57

1-1/2* Note

4/1/62-EA

3-1/2* Certificate
3-5/8?

4/15/58-B
2/15/62-A

5/6/57

5/1/57
5/1/57

5/22/57

5/27/57

2.825* Bill

9/23/57

6/26/57

7/3/57

3.485* Bill

3/24/58

3,4U

8,414
1,464

1,464

2,437
942
100

551

4y
•

8/
(At auction)
•-.

-

.

8/

2,351
647

2,351
647

llins
9|i»

119d

3,689

1,501

264d

4,547

3,002

rlOO

let ion)

8/1/57
8/1/57
8/1/57

7/22/57
.

8/14/57

8/21/57

4.173* Bill
4*

9/16/57

8/1/57
9/26/57
10/1/57

4*

10m

I2y

10/1/57

1-1/2* Note

10/1/62-EO

5y

3-3/4* Note
3-7/8* bind

11/15/62-C
11/15/74

16y ll|m

\ 12/2/57

11/21/57

12/1/57

3-3/4* Certificate -

12/1/58-D

2/14/58
2/14/58
2/14/58

2-1/2* Certificate
Bond
3*
3-1/2* Bond

2/M/59-A

iy

2/3/58

2/15/64
2/15/90

6y
32y

2/28/58

2/28/58

3*

•

Bond

1-1/2* Note

4/1/'

4/7/58

4/15/58

2-5/8* Note

2/15/63-A

6/3/58

6/3/58

3-1/4* Bond

5/15/85

6/4/58

6/15/58
6/15/58

1-1/4* Certificate
2-5/8* Bond

5/15/59-B
2/15/65

7/21/58

8/1/58

1-5/8* Certificate

8/1/59-C

8/6/58

1-1/2* Certificate

3/24/59-D

27

7/29/58

5/

10/1/63-EO

10/8/58

3.25*

5/15/59 - Special at fixed
price
11/15/59-B

10/10/58

3-1/2* Note

11/14/58

11/20/58

2

11/19/58

12/1/58
12/1/58

3-3/8* Certificate
3-5/8* Note

1/12/59

1/21/59
1/23/59

.

99

I*

Bill

4/1/59
10/1/57

4*

27
3/26/59

5/6/59

4*

Note
Bond

1-1/2* Note

4/1/59

3.386* Bill

3.835* Bill

5/7/59

5/15/59

3.565* Bill

5/11/59

5/15/59

4*

Footnotes at end of table.

22/
1,817
7,388

[100

13,500

100

506

100

2,686

1,184

214d

5,950

2,997

21/

22/

7,711
4,078

7,711
4,078

Ilk)

217d

2,984

1,502

4y lin
lOy 6m

3,052
1,502

1,743
619

9/21/59 - Tax ant. 8/

2i/
11,363
1,435

11,363
1,435

ly
3y

H

2,738
884

5,508
1,800

•100

(At auc

4/1/59

5/11/59

6/22/59 - Tax ant. 8/
(At auction)

ly lm

2/15/60-A - Issued at 99.993
2/15/62-D - Issued at 99.993

3.293* Bill

506

100
29/

3,567

2,735

ly 4m
21y lm

2/16/59

13,500
5,962

5,805

5/15/60-B - Issued at 99-3/4
2/15/30 - Issued at 99.00

2/11/59

1,317
7,388

219d

3-1/4* Note
Bond
4*
3-3/4* Certificate
Note
4*

,

8m

2y 5jm

2/15/59
2/15/59

533

1,135

100

29/

1,484

3,971

ll/15/59-E - Issued at 99.95
5/15/61-B - Issued at 99-7/8

2/2/59

9,770
3,854
1,727

2,570

5y

1-1/2* Note
Bill

9,770
3,854
1,727

15,741

iy

28/

9,833

4y 10m

Tax ant. 2/

26/

9,833

26y 11m
6y 8m

}257

1,143
654

7,786
3,817

lis

10/1/58

9/29/58

3/23/59

100J-

[100 23/

590

590

533

Issued at

9,871
10,487
2.509

933
2,000
657

3,067
6,121
4,643

6,715

8/15/66

4/1/58

100
100
100
1,751

237d

at!

f 11/29/57

5/

11/20/57

4/15/53 - At

9,871
10,487
2,509

4y

8/1/58-C - Reopening
8/15/62-B 24/
10/1/69

Certificate
Note
Bond

4*

4m

12/1/5 7-E
8/1/58-C
8/1/61-A 22/

3-5/8* Certificate
;e.-.iricate
4*
Note
4*

Certificate -

5/15/63-B
10/1/69 - Reopening

1/15/60 - At auction

289d

3,445

2,006

4/15/60 - At auction

340d

3,461

2,003

221d

1,699

1,500

12/22/59 - Tax ant. 8/
(At auction)

5/15/60-B - Issued at 99.95
(Continued on following page)

1,269

21/
457

457

5y

4/1/64-EA

.26/

1,269

100

Treasury Bulletin

36
PUBLIC DEBT OPERATIONS

Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-

March 1962
37

PUBLIC DEBT OPERATIONS

,

Table 4.- Offerings of Public Marketable Securities
Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-

.

Treasury Bulletin

^s

PUBLIC DEBT OPERATIONS,

Footnotes to Table 4.- (Continued
20/

2XJ

22/
23/
24/
2,5/

2ja/

Issued as a rollover of bills maturing January 16, 1957, and
February 15, 1957, respectively.
Subscriptions in excess of $100, OCX) were allotted 31 percent for the
certificates and 12 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of the notes were allotted to Government
investment accounts.
Redeemable at the option of the holder on August 1, 1959, on three
months' advance notice.
In addition to the amounts issued in exchange, the Treasury allotted
$100 million of each issue to Government investment accounts.
Redeemable at the option of the holder on February 15, 1960, on
three months' advance notice.
Subscriptions in excess of $100,000 were allotted 22 percent for the
certificates and 28 percent for the notes. Subscriptions for
$100,000 or less for both issues were allotted in full, and subscriptions for more than $100,000 were allotted not less than $100,000.
In addition, $100 million of each issue were allotted to Government
investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 10 percent but in no case
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts. Payment of not more
than 50 percent ^ould be deferred until not later than October 21,
1957.

27/

28/

29/

20/

31/

22/

23/

Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 25 percent to savingstype investors and 12 percent to all other subscribers but in no
case less than $10,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 26 percent to savings-type
investors and 10 percent to all other subscribers but in no case
less than $10,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
Subscriptions for $10,000 or less were allotted in full. Subscriptions for more than $10,000 were allotted 20 percent but in no case
less than $10,000.
In addition, $100 million of the bonds were
allotted to Government investment accounts.
Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 24 percent but in no case
less than $25,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
Subscriptions for $5,000 or less were allotted in full. Subscriptions
for more than $5,000 were allotted 60 percent to savings-type investors, 40 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, $100 million of the bonds were allotted to Government
investment accounts
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 59 percent but in no case
less than $100,000.
Subscriptions for $100,000 or less for the bills and $50,000 or less
Subscriptions for more than the
for the notes were allotted in full
minimum for each issue were allotted 44 percent on bills and 35 perIn addition,
cent on notes but in no case less than the minimum.
$100 million of the notes were allotted to Government investment
accounts.
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.
Subscriptions from savings-type investors totaled $720 million and
were allotted 70 percent. Subscriptions from commercial banks for
their own account totaled $470 million and were allotted 35 percent.
Subscriptions from all other investors totaled $610 million and were
allotted 15 percent. Subscriptions for $25,000 or lees were allotted
in full when accompanied by 100 percent payment at the time of entering the subscriptions. All other subscriptions for $5,000 were
allotted in full. Subscriptions for more than $5,000 were allotted
not less than $5,000.
In addition, $50 million of the bonds 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 March 23, 1959; and full payment by April 23, 195"
.

24/

35/

)

Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 50 percent but in no case
less than $100,000.
In addition, $100 million of the notes were
allotted to Government investment accounts.
savings-type
investors totaled $240 million and
from
37/ Subscriptions
were allotted 65 percent. Subscriptions from commercial banks for
their own account totaled $941 million and were allotted 35 percent.
Subscriptions from all other investors totaled $322 million and were
allotted 20 percent. Subscriptions for $25,000 or less from savingstype investors and commercial banks, and for $10,000 or less from all
others, were allotted in full. Subscriptions for more than these
In addition,
minimums were allotted not less than the minimums.
$50 million of the bonds were allotted to Government investment accounts.
38/ 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
In addition, $100 million of the notes were
any one subscription.
allotted to Government investment accounts.
22/ 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, 1959,
at a price of 99-3/4%. Smaller denominations of savings bonds could
be exchanged for the next higher multiple of $1,000 of the notes
upon payment of any cash difference. Cash payments amounted to $3
million.
42/ Issued as a rollover of maturing one-year bills.
41/ Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, I960 (not less than 40 percent
by April 14, the delivery date; 70 percent by May 15; and full
payment by June 15),
In addition to the amounts allotted to the
public, $100 million of the bonds were allotted to Government investment accounts.
42/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 30 percent but in no case
In addition, $27.4 million of the notes were
less than $100,000.
allotted to Government investment accounts.
42/ Subscriptions for $25,000 or less were allotted in full. Subscriptions for more than $25,000 were allotted 85 percent but in no case
less than $25,000,
In addition, $71 million of the notes were
allotted to Government investment accounts.
44/ Subscriptions were permitted to be made with payment in cash or in
4-3/4% Treasury notes maturing August 15, I960 (see Table 6, footnote 22).
In addition in order that holders of 3-5/8% Federal
National Mortgage Association notes maturing August 2} y 1960, might
have an opportunity to reinvest the proceeds, the Secretary of the
Treasury, in behalf of the Association, offered to purchase such
notes on August 15, I960, at par and accrued interest to the extent
that such subscriptions were allotted and the proceeds from the par
amount of the notes were applied to payment, in whole or in part,
for the new securities.
45/ Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 44).
46/ Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
4?/ Subscriptions from States, political subdivisions, or instrumentalities thereof, public pension and retirement and other public
funds, international organizations in which the United States holds
membership, foreign central banks and foreign States, Government
investment accounts, and the Federal Reserve Banks as provided in
the offering circular, totaled $6,285 million and were allotted in
full.
Subscriptions subject to allotment totaled $11,104 million
and were allotted in full up to and including $25,000; all others
were allotted 13 percent but in no case less than $25,000.
48/ Subscriptions totaled $1,181 million from savings-type investors
and $100 million from Government investment accounts; both were
allotted 25 percent. Subscriptions from commercial banks for their
own accounts totaled $2,708 million and were allotted 20 percent.
Subscriptions from all others totaled $1,190 million and were
allotted 15 percent. Subscriptions for $5,000 or less were allotted
in full; subscriptions for more than $5,000 were allotted not less
than $5,000.
Remaining footnotes on following page.
36/

March 1962
39

PUBLIC DEBT OPERATIONS

Footnotes to Table 4.- (Continued)
49/

50/

51/

52/
53/

54/

55/

56/
57/

In addition to the amounts allotted to the public, there were
allotted to Government investment accounts $131.3 million of the
3-1/2% bonds of 1980, 1215.9 million of the 3-1/2* bonds of 1990,
and $236.5 million of the 3-1/2* bonds of 1998.
Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which mature in 1960, were offered in exchange the
4* bonds, with certain adjustments as of December 15, 1960, at a price
Smaller denominations of savings bonds could be exchanged
of 100^.
for the next higher multiple of $500 of the bonds upon payment of any
cash difference. Cash payments amounted to $365,375.
Suscriptions were permitted to be made with payment in cash or in
4-7/8* Treasury certificates maturing February 15, 1961 (see Table 6,
footnote 26).
Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961,
Subscriptions from States, political sub-divisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign States, Government investment
accounts and the Federal Reserve Banks, as provided in the offering
circular, totaled $4,364- million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were alloted in full; all others were
allotted 20 percent but in no case less than $10,000.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts
$39 million of the 3-3/8* bonds of 1966 and $540 million of the
3-5/8* bonds of 1967.
Subscriptions were permitted to be made with payment in cash or in
the 4-3/4* Treasury certificates or 3-5/8* Treasury notes, both
maturing May 15, 1961 (see Table 6, footnote 29).
Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
There were allotted in full all subscriptions totaling about $2,379
million for the certificates and $1,258 million for the notes, from
States, political subdivisions or instrumentalities thereof, public
pension and retirement and other public funds, international organisations in which the United States holds membership, foreign central
banks and- foreign States, Government investment accounts, and the
Federal Reserve Banks, as provided in the offering circulars. Subscriptions from all other investors were subject to allotment and
totaled $11,445 million for the certificates which were allotted

27 percent, and $11,631 million for. the notes which were allotted
12 percent; subscriptions for $25,000 or less were allotted in full,
and subscriptions for more than $25,000 were allotted not less than'
5J/

22/

60/

61/

62/

63/

64/

65/

66/

67/
p

$25,000.
Sale of a "strip" of Treasury bills, consisting of an additional
$100
million for cash of eighteen series of weekly Treasury bills maturing
from August 3, 1961, to November 30, 1961.
In addition to the amounts allotted to the public, there were allotted
to the Federal Reserve Banks and Government investment accounts $480.4
million of the 3-1/2* bonds of 1980, $160.6 million of the 3-1/2* bonds
of 1990 and $289.5 million of the 3-1/2* bonds of 1998.
Subscriptions for $100,000 or less were allotted in full.
Subscriptions
for more than $100, OOOwere allotted 37 percent but in no case less
than $100,000.
In addition, $100 million of the notes were allotted
to Government investment accounts.
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of eight series of weekly Treasury bills maturing
from December 7, 1961, to January 25, 1962.
Includes $2 million allotted to Government investment accounts of the
3-1/4* notes, $4 million of the 3-3/4* bonds of 1966, and $136 million
of the 3-3/4* bonds of 1974.
Holders of approximately $970 million of Series F and G savings bonds
issued in 1950, which mature in 1962, were offered in exchange the
3-7/8* bonds with certain adjustments as of December 15, 1961, at a
price of 99.50. Smaller denominations of savings bonds could be exchanged for the next higher multiple of $500 of the bonds upon payment of any cash difference. Cash payments amounted to about $306,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but in no ease
In addition, $100 million of the bonds were
less than $50,000.
allotted to Government investment accounts.
Includes $3,411 million allotted to Federal Reserve Banks and Government
investment accounts of the 3-1/2* certificates and $1,518 million of

the 4* notes.
In addition to the amounts allotted to the public, there were allotted to
Government investment accounts $385 million of the 4* bonds of
$177 million of the 4* bonds of 1980, $218 million of the 3-1/2* bonds
of 1990 and $221 million of the 3-1/2* bonds of 1998.

Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 6, footnote 31).

Preliminary.

Treasury Bulletin

uo
PUBLIC DEBT OPERATIONS

Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securit Jes
Other Than Regular Weekly Treasury Bills 1/
(In trillions of dollars)

Issue

March

l%2
41
PUBLIC DEBT OPERATIONS

Table 5.

Allotments by Investor Classes on Subscripti ons for Public
Marketable Securities
Other Than Regular Weekly Treasury Bl lis 1 (Continued)

Treasury Bulletin

k2
PUBLIC DEBT OPERATIONS

Table 5.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills ll - (Continued)
(In millions of dollars)

Issue

March 1962
^3

PUBLIC DEBT OPERATIONS

Table 5.- Allotments bv Investor nia.,,..

c u

(In millions of dollars)

Description of security

For
cash

ing

1/15/62

3.366)8 Bill

1/15/63

1/24/62

Kf>

Bond

10/1/69

2/15/62

'3-1/2* Cert.
Note
[4%

Bond
Bond
3-1/2* Bond
3-1/2* Bond

4*
3/1/62

,-s

U. S. Government
investment
exchange accounts
for
and
other
Federal
securi
Reserve
ties
Banks

In

Date of
financ-

4)5

B S
s ee

1ableT

-

CTlPtl °n '**

217

1,078

l,114p

100

780

35

11

3/

M

Insurance
companies

2,001p 12/

2/15/63-A
8/15/66-A
8/15/71
2/15/80
2/15/90
11/15/98

Commer- Indicial
viduals
2/
2/

° tment reports
-

Mutual
Corporations

sav-

ings
banks

u

12

30

Private
pension
and retirement
funds

117

3

26

11

State and local
governments £/

Pension
and retirement
funds

Other
funds

21

404

6

45

64

270
208

322
178

M5

159
26

6,862p
4,449p

3,411
1,518

1,618
2,043

100
87

106

36

77

80

135

19

2,805p
561p
899p
933p

408
177
218
221

11

1,591
116
94
78

117

313
93

115

51

46

3d

41

37
69
87

23
30
28

3

2

25
17

28

24
23
101
140

108
24
99
41

For

^^

<* offer-

Excludes 1-1/2? Treasury notes issued in
exchange to holders of
nonmarketable 2-3/4* Treasury bonds, Investment
Series B- 1975-80
Includes trust companies and stock savings
banks
Includes partnerships and personal trust
accounts
Exclusive of banks and insurance companies
Consists of trust, sinking, and investment
funds of State and local
governments and their agencies.
Includes savings and loan associations,
nonprofit institutions, and
investments of foreign balances and international
accounts in this
i^ludes corporations and private pension and retiret°^ funds
7's prior to July 15,
ment
1953, financing
Included in "All other."
Tax anticipation security.

3/
19/

82
132

Reopening of earlier

646

i,

15?1957: reSctlveir
11/
12/
12/

VJ

-

35

5

4

^ "^^

*"""* *<

^ilover^Ly^lT

1

™1

^^

Dealers All
and
othfr
brokers 6/

"

94
22

128

131

97

a,,
,

llZt at
Offerings of these securities, subject to allotment were
made for
the purpose of paying off maturing securities in cash.
Holders of
the maturing securities were not offered preemptive rights
to exchange their holdings but were permitted to present them
in payment
or exchange, in whole or in part, for the new issues.
Offerings consist of an additional $100 million each of outstanding
weekly bills issued in "strip" form; 18 series were included in
the
June 14, 1961, offering and 8 series in the November 15, 1961.
offering
Less than $500,000.
Preliminary.
n.a.
Not available,
r
Revised.
'

Kk

Treasury Bulletin
PUBLIC DEBT OPERATIONS

Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills

March 1962

*5

PUBLIC DEBT OPERATIONS

Table 6.- Dispoeiti on of Matured Public Marketable Securities
Other Than Regul ar Weekly Treasury Bills - (Continued

Treasury Bulletin

*6
PUBLIC DEBT OPERATIONS

Table 6.- Disposition of Matured Public Marketable Securitl es
Other Than Regular Weekly Treasury Bills - (Continued)

I

March 1962
*7
PUBLIC DEBT OPERATIONS

Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
Called or maturing security
Dote of
refunding
or retirement

1/
Issue
date

Description

3-3/8* Certificate -

ll/15/59-E

12/1/58

3-1/2* Note

11/15/59-B

10/10/58

Note

8/15/62-B

9/26/57

12/22/59

3.565* Bill

12/22/59

5/15/59

1/15/60

3.386* Bill

1/15/60

4/1/59

3-3A* Certificate

2/15/60-A

2/15/59

1-1/2* Note

4A/60-EA

4/1/55

11/15/59

-

Total maturities.

'

4*
Total

2/15/60

Note

-

8/15/62-B

9/26/57

[4.075* Bill
3.719* Bill

-

3/22/60
3/22/60

7/8/59
7/8/59

4/1/60

1-1/2* Note

-

4/1/60-EA

4/1/55

4/15/60

3.835* Bill

-

4/15/60

5/11/59

Certificate -

5/15/60-B

5/15/59

3-1/2* Note

-

5/15/60-A

2/15/57

3-1/4* Note

-

5/15/60-B

1/21/59

2/15/60
3/22/60

4*

I

'4*

5/15/60

Total.

6/22/60

4.783* Bill
4.726* Bill

6/22/60
6/22/60

10/21/59
10/21/59

6/23/60 20/

2-1/2* Bond

11/15/61

2/15/54

7/15/60

4.728* Bill

7/15/60

7/15/59

8/15/60

4-3/4* Note

8/15/60-C

8/1/59

10/1/60

1-1/2* Note

lO/l/60-EO

10/1/55

10/3/60 20/

2-1/2*
2-1/2*
2-l/2*
2-1/2*

Bond
Bond
Bond
Bond

6/15/62-67
12/15/63-68
6/15/64-69
12/15/64-69

5/5/42
12/1/42
4/15/43
9/15/43

Total

11/15/60

-

10/17/60

12/2/59

'4-3/4* Certificate -

ll/15/60-C

11/15/59

4.860* Bill

10/17/60

,

11/15/60

2-1/8* Bond

8/15/54

1/15/61

5.067* Bill

1/15/61

1/15/60

2/15/61

4-7/8* Certificate

2/15/61

2/15/60

6/15/59-62
- 12/15/59-62

6/1/45
ll/l5/45
4/15/58
12/15/54

3/15/61 20/

'2-I/4* Bond
2-1/4* Bond
2-5/8* Note
2-1/2* Bond

Total

-

2/15/63-A

-

8A5/63

Disposition offers
by Treasury

Amount
outstanding

Cash

k&

Treasury Bulletin
PUBLIC DEBT OPERATIONS

Table 6.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)

March 1962
kS

PUBLIC DEBT OPERATIONS

Tab

"%£ l8P o 8lt 0n
mJ
Other Than Regular
5

!

Date of
refunding

° f Matured PubHc Marketable Securities
Weekly Treasury Bills - (Continued)

Treasury Bulletin

50
PUBLIC DEBT OPERATIONS

U
24/

267

27/

28/

22/

iff/

ii/

Excess of maturing 4- 3/43C Treasury notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 44 and 46).
Reopening of an earlier issue.
Holders of 2-1/2$ Treasury bonds maturing June 15, 1967, December 15,
1968, June 15, 1969, and December 15, 1969, were offered the option
to exchange the bonds during the period from September 12, 1960, to
September 20, 1960, inclusive, the first for 3-1/2$ bonds of 1980,
the second for 3-1/2$ bonds of 1990, and the other two for 3-1/2$
bonds of 1998, subject to allotment if the combined total of subscriptions for the bonds of 1990 and 1998 exceeded an outside limit
of fc.5 billion.
Holders of the maturing certificates were not offered preemptive
rights to exchange their holdings, but were permitted to present
them in payment or exchange, In whole or in part, for the 3-1/4$
notes offered in the amount of around $6.9 billion. For detail of
offering, see Table 4.
Excess of maturing 4-7/8$ certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 51 and 52).
From March 20 through March 22, 1961, owners of 2-l/4$ bonds of June
15, 1959-62, 2-1/4$ bonds of December 15, 1959-62, 2-5/8$ notes
maturing February 15, 1963, and 2-l/2$ bonds maturing August 15, 1963,
were granted the option of exchanging their holdings. The first
three were exchangeable for a new 3-5/8$ bond due November 15, 1967,
and the last for a new 3-3/8$ bond due November 15, 1966. Exchanges
were subject to allotment If subscriptions exceeded $5 billion for
the bonds of 1967 or $3 billion for the bonds of 1966.
Holders of the maturing certificates and notes were not offered
preemptive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$5,250 million offering of 3$ certificates or the $2,500 million
offering of 3-l/4$ notes. For detail of offering, see Table 4.
Excess of maturing 4-3/8$ certificates and 3-5/8$ notes over
allotments of new securities on subscriptions from holders of those
certificates and notes(see Table 4, footnotes 55 and 56).
Approximately $1,738 million were redeemed for cash and exchanged
for the tax anticipation bills dated March 23, 1962 (see Table 4).
Preliminary.

Note:

Information on retirement of tax anticipation Issues referred to
footnote 3, in millions of dollars:

March 1962
51

.UNITED STATES SAVUKS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May
1, 191*1

being sold.

and Series H has been on sale since June 1, 1952.
Series
1, 1935, through April 30, 191*1.
Series F and G were sold from May 1, 191*1, through April

A-D were sold from March

30,

1952. Series J and K were sold from May
1, 1952 through
1957. Details of the principal changes In Issues,

April 30,

Interest yields, maturities, and other
terms appear In the
Treasury Bulletins of April 1951, May
1952, May 1957, October and December 1959, and May and
October 1961,

Table 1.- Sales and Redemptions by Series,
Cumulative through February 28, 1962
(In millions of dollars)

Sales 1/

Series A-D 2/
Series E and H
Series F, G, J, and K.

3,949
110,006
31,951

Total A-KSource:

145,906

Accrued
discount

Sales plus
accrued
discount

1,054
17,103
1,236

5,003
127,110
33,187

19,394

165,300

Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.

Table 2.

Amount outstanding

Redemptions 1/

Interestbearing debt

Matured debt

44,699
2,850

242

4,987
82,410

17

47,549
Footnotes at end of Table 4.

Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)

ales 1/

Fiscal years:
1935-1954 lj.
1955 4/
1956
1957
1958
1959
1960
1961

Calendar years:
1935-1954
1955
1956
1957
1958
1959
1960
1961

Accrued
discount

107,775
6,473
5,846
4,881
4,670
4,506
4,307
4,464

9,844

110,772
6,276
5,517
4,605
4,689
4,320

10,464
1,216
1,217
1,216

1,231

214
216
226
228
240
286

1.23''

Redemptions 1/

Sales plus
accrued
discount

Sales
price

.3/

Amount outstanding

Accrued
discount J/

Interest bearing debt

Matured debt

117,620
7,704
7,060
6,097
5,896
5,734
5,547
5,749

59,430
7,251
7,846
8,958
8,544
7,249
8,557
5,819

55,686
6,487
7,018
8,055
7,368
6,377
7,542
5,038

828
903
1,175
872
1,015
781

121,236
7,491
6,734
5,821
5,924
5,541
5,612
5,861

62,878
7,301
8,264
9,630
7,255
8,772
6,732
5,595

3,776

,102

6,518
7,419
8,674
6,450
7,763
5,851
4,842

783
846
956
805
,009
881
754

362

61

378
358

60
58

47,574
47,640
47,670

234
225
219

3,744
764

58,061
58,365
57,497
54,622
51,984
50,403
47,544
47,514

58,672
57,924
56,293
52,474
51,192
48,154
47,159
47,458

128
277
360
374
364
331

280
240

686
624
725
734

686
494
368

4,350
4,539

1,221
1,262
1,322

342
393
339

102
100

477
495
439

423
438
415

101
102
130

471
460
473

4*

349

383
710

330
642

57
53
68

47,743
47,824
47,458

210
205

135
105

611

621
442

527
378

94
64

47,500
47,549

283

335

Months:
1961- July
August .

.

September
October.
November.
December.

370
358

1962-January.
February.

476

Source:

343

135

467

Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.

Footnotes at end of Table 4.

335

259

Treasury Bulletin

52
.UNITED STATES SAVINGS BONDS.

Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)

Sales

1/

Accrued
discount

Sales plus
accrued
discount

Series E and H combined
Fiscal years:

Redemptions
Sales
price

2/

Amount outstanding

l/

Accrued
discount 2/

Interest-bea ring
debt

March 1962
53

.UNITED STATES SAVINGS BONDS.

Table 3.

Sale* and Redemption* by Period*, Serle* E through K

-

(Continued)

(In millions of dollars)

Redemptions

Sales 1/

Accrued
discount

Sales plus
accrued
discount

Sales
price J/

Series E

Fiscal years:
1941-1954 lj...
1955 4/
1956

1957
1958
1959
1960
1961

,

,

72,924
4,095
4,219
3,919
3,889
3,688
3,603
3,689

8,061
1,123
1,114
1,133
1,161
1,174
1,194
1,254

30,98:

74,843
4,192
4,142
3,875
3,802
3,598
3,632
3,711

8,626
1,113
1,124
1,143
1,178
1,169
1,224
1,293

83,468
5,304
5,266
5,018
4,979
4,767
4,856
5,003

276
329
284

132
100
98

408
429

302
292

98
100
128

401
392
411

132
102

,512

44,527

5,218
5,333
5,052
5,049
4,862
4,797
4,943

Calendar years:
1941-1954
1955
1956
1957
1958
1959
1960
1961

,

,

,

,

,

,

Months:
1961- July
August
September,
October. .
November..
Dec3mber.
1962- January. .,
February.

Fiscal years'.
1952-1954 4/...
1955
1956

V

1957
1958
1959
1960
1961

283
379

303

382

405

1,055
1,130
1,041
694

1,055
1,130
1,041
694

782
818
704
775

782
818
704
775

1,509
1,177
901
631
887
722
718
828

1,509
1,177
901
631
887

67
64
54

54

67

31
55
108

196
236
217
322
233

31
55
108
196

236
217
322

233

Calendar years:
1952-1954
1955
1956
1957
1958
1959
1960
1961
Months:
1961- July
August . . .
September,
October. .
November.
December.

1962- January. ..
February.

65
60

96
59

54
79

54

248
198
294
267
235

79
143
248
198
294
267
235

67

20

20

64

21
21

21
21

67
65
60

20

20

19
20

20

96
59

20

20

19

19

722

718

H3

19

1/

Accrued
discount 2/

Exchanges of
E bonds for
H bonds

Am >unt

outstanding
(interestbearing debt)

.

5*

Treasury Bulletin
.UNITED STATES SAVINGS BONDS.

Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)

Total

Unclassified
10/

1/

Series E and H
Fiscal years:
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

6,137
5,109
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819

817
792

1,761

2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673

38
702
1,128
1,487
1,826

1,917
1,971
1,906
1,996
2,304
1,733

779
90
633
1,260
2,115
2,345
2,144
1,824
1,625
1,822
940

6/
6/

J/
8/

1,042
1,012
904
874
619
682
1,526
1,544
543
1,356
283

19

5,300
4,316
3,859
3,589
3,394
3,467
4,657
4,739
3,778
4,641
3,358

4,258
3,304
2,955
2,715
2,775
2,785

4,914
4,025
3,799
3,057
3,666
3,899
5,207
3,841
4,520
3,938
3,100

3,817
3,096
2,882
2,464
2,976
2,920
3,322
3,091
3,445

2,899

1,097
929
917
593
689
979
1,886
750
1,075
825
201

228
288
240

213
272
222

14

55

16
17

-69

33
14

-163

.

3,195
3,235
3,285
3,075

1

*
179
-84
116
185
75

-150
-210
-212

Calendar years:
772
1,015

518
47
990 6/

5,651
5,074
6,149
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595

2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555

254
968
328
500
047
891
084
691
2,433
1,944
1,633

423
438
415

140
218
174

102
160
130

October.
November.
December.

406

227

310

383

144
422

56
36
330 9/

342

710

171
108
92

227
186

213
184

1962-January.
February.

621
442

199
307

127
206

72 2/
ioi 2/'

251
242

238
223

1951
1952
1953
1954
1955
1956

1957
1958
1959
1960
1961

1,672
2,183
2,355
2,072
1,702
2,268 2/
1,089 2/ 8/
922 8/ 2/

3,1U

-35
34
31

757
-595
120
266
22
-449
-239
-60

Months:
1961- July
August ...

September

Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Note:
In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption value.
Series G, H, and K are included at face value throughout. Matured bonds
which have been redeemed are included in redemptions. Matured F and
G bonds outstanding ere included in the interest-bearing debt until
all bonds of the annual series have matured, and are then transferred

38
59
44

Source:

1/

2/

2/

to matured debt upon which interest has ceased.
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.
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.
Because there is a normal lag in classifying redemptions the distribution of redemptions between sales price and accrued discount has been
Beginning with the Treasury Bulletin of March 1961 the
estimated.
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final

ij

%/

6/

l/
g/

2/

10/

2

2

12
101

14
19

171
-107

reports of classified redemptions. All periods shown have been
revised on this basis.
Reductions were made in issues and redemptions of Series E, H, F, G,
J, and K bonds in July 1954 to compensate for the erroneous inclusion
of reissue transactions in June 1954 as reported in the daily Treasury
statement. The amounts involved were as follows:
$18 million for
issues of Series E and H, $17 million for issues of Series F, G, J,
and K, and $35 million for unclassified retirements.
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 adjustments.
Includes exchanges of Series 1941 F and G savings bonds for Treasury
3-1/4* bonds of 1978-83.
Includes the December 1959 exchanges of Series 1948 F and G bonds
for 4-3/4* marketable notes of 1964.
Includes the December I960 exchanges of Series 1949 F and G bonds
for 4* marketable bonds of 1969.
Includes the December 1961 exchanges of Series 1950 F and G bonds
for 3-7/8% marketable bonds of 1968, of which $300 million were reported in December 1961, $20 million in January 1962, and $0.2
million in February 1962.
Represents changes In the amounts of redemptions not yet classified
*
between matured and unmatured issues.
Less than $500,000.

(

March 1962
55

OWNERSHIP OF FEDERAL SECURITIES.

Table 1.- Distribution of Federal Securities
by Classes of Invest ors and
Types of Issues
(In millions of dollars)

End of
fiscal
year or
month

Total
Federa
securities outstanding

v

Interest-bearing securities Issued
by the U. S. Government

Total

Held by U. S. Government
investment accounts 2/

outstanding

Total

Public
issues

Special
issues

Held by
Federal
Reserve
Banks public
issues

Interest-bearing securities guar
anteed by the U.S. Government tj
Held by private
investors J/

U.

Public
marketable
issues

Public
nonmarketable
issues

1954
1955
1956
1957
1958

271,341
274,418
272,825
270,634
276,444

268,910
271,741
269,883
268,486
274,698

49,340
50,536
53,470
55,501
55,842

7,111
7,286
8,356
8,674
9,596

42,229
43,250
45,114
46,827
46,246

25,037
23,607
23,758
23,035
25,438

194,533
197,598
192,655
189,949
193,418

72,762
69,723
66,351

1959
1960
1961

121,771
127,875
126,304
127,179
134,593

284,817
286,471
289,211

281,833
283,241
285,672

54,554
55,259
56,002

9,799
10,360
10,959

44,756
44,899
45,043

26,044
26,523
27,253

201,235
201,459
202,417

144,983
149,546
151,392

56,252
51,913
51,025

1960- Dec ember.

1961-July
August
September
.

.

October.
November
December.
1962-January.

Held by

58,825

S.
Total
Government
outinvestment
standing
accounts
2/

41

48

54

46

240

63
79
87

60
153

94

177

3,407
3,057
2,978

112
114
119

187
200
211

2,952
3,407
3,480

106
101
110
139

10,639

44,346

27,384

204,451

153,515

50,936

292,643
293,964
294,020

288,998
290,659
290,773

55,128
56,383
55,814

10,931
10,810
10,807

44,198
45,573
45,007

27,422
27,697
27,799

206,448
206,579
207,160

155,379
155,063
155,741

51,069
51,516
51,419

237
248
270
298

11,006
11,082
10,886

43,890
44,217
43,520

28,268
29,210
28,381

209,545
209,094
209,402

158,378
157,763
158,600

51,166
51,331
50,803

296,860

293,111

53,630

11,325

42,304

28,532

210,949

160,154

50,794

2,351
2,634
2,869
2,042
1,646

3

25
50

54,985

54,897
55,299
54,406

no
Lnteresl

73

286,820

292,709
293,604
292,689

2/

43

290,373

295,959
297,325
296,499

Held by
private
investors

Matured
debt
and
debt
bearing

314
330

56

47

151
161

2,873
3,090
3,300

3,405

J_
Dally Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by (J. S. Government
investment accounts; and reports from Federal Reserve System for
securities held by Federal Reserve Banks.
Includes certain obligations not subject to statutory limitation. For
amounts subject to limitation, see page 1.
Includes accounts under the control of certain U. S. Government agencies

Source:

1/
%J

Table 2.

J/

U

whose investments are handled outside the Treasury.
The total amount of interest-bearing securities held by private investors is calculated by deducting from the total amount outstanding
the amount held by U. S. Government investment accounts and Federal
Reserve Banks.
Consists of guaranteed securities held outside the Treasury. All are
public marketable issues.
*
Less than $500,000.

Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury 1/
(In millions of dollars; negative figures are net sales)

Year

Treasury Bulletin*

56

OWNERSHIP OF FEDERAL SECURITIES.

Table 3.- Estimated Ownership of Federal Securities

March 1962
57

..TREASURY SURVEY OF OWNERSHIP,
JANUARY 31, 1962
The monthly Treasury Survey of Ownership covers
securities issued by the United States Government and by
Federal agencies.
The banks and Insurance companies Included
In the Survey currently account for about 90 percent,
oorooratlone and savings and loan associations for about half
and State and local governments for about 60 percent
of all
such securities held by these respective classes of Investors In the United States.
Data were first published for
banks and Insurance companies In the May 1941
Treasury Bul-

Section

I

-

Jet in, for corporations and
savings and loan associations
in the September i960 Bulletin,

and for State and local
governments In the February 196a Bulletin.
Holdings by commercial banks distributed
aocordlng to

Federal Reserve member-bank classes and
nonmember banks are
published for June 30 and December 31. Holdings
by corporate pension trust funds are published quarterly,
first

appearing In the March

Total
amount
outstanding 1/

Interest-bearing securities:
Public marketable
Public nonmarketable ^/
Special issues

197,972
53,178
42,304

Total interest-bearing securities.
Hatured debt and debt bearing
no interest 7/
rotal securities issued or guaranteed by U. S. Government 8/
r

ootnotes at end of Table 4.

Table

Bulletin.

Securities Issued or Guaranteed by the United
States Government
Table 1.- Summary of All Securities
(Par values - In millions of dollars)

Classification

195I;

293,455
3,405

296,860

6,232

Treasury Bulletin
5«
TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 1962

States Government
Section I - Securities Issued or Guaranteed by the United
by Issues
Securities
Marketable
Table 3.- Interest-Bearing Public
(Par values

Treasury bills:
Regular weekly:
Feb.

May

1962 - Apr. 1962.
1962 - July 1962.

Tax anticipation:
1962.
Mar.
1962.
June
Other:
Apr.
July
Oct.
Jan.

1962..
1962..
1962..
1963..

Total Treasury bills.

Certificates of indebtedness
1962 -A
Miy
3?

Treasury notes:
3-5/8* Feb.
Febr
4
Feb.
3-1/4
4
4

3-1/4

3-3/4
3-1/4
2-5/8

1962-A.
1962-D.
1962-F.

:

-

In millions of dollars)

I

March 1962
59

.TREASURY SURVEY OF OWNERSHIP,
JANUARY 31, 1962

"

Guaranteed b * the """** States Government
Table 3.- Interest-Bearing"Til
Public Marketable Security by I 88U
e 8 - (Continued.

TaMeT L'tJ^Tn^

(Par values - In millions of dollars)

Total
amount
outstanding

6,232
commercial
banks
2/

y

Treasury bonds
2-1/2% Dec.
3-7/8
May
4

3-7/8

4-1/4
3-1/4

Oct.
Nov.

May

4

June
Feb.

3-1/2

Nov.

3-1/4
3-1/2

May

3

3-1/2

Feb.
Feb.
Nov.

-

(Continued):
1967-72.....
1968
1969
1974

3,515
,538
,171

134
675
771
104

470

12

460

1975-85
1978-83
1980
1980

,595

35

884
,916

22
93

1985
1990
1995
1998

,132
,016
,673
,529

122
44
67

76,598

23,972

Total Treasury bonds
Guaranteed securities 8/
Total public marketable
securities

344

197,972

117

—

.

Treasury Bulletin

6o
.TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 1962

Section

II -

Interest-Bearing Securities Issued by Federal Agencies But
Not Guaranteed by the United States Government
(Par values - in millions of dollars)

Held by investors covered In Treasury Survey

Insurance companies

Total
amount
outstanding iy

6,232
consaer—

cial
banks
2/

y

Banks for cooperatives:
(Debentures )
1962
Feb.
2.95)6
(Debentures).
1962
Apr.
3.15
(Debentures).
1962
June
3.05
Total banks for cooperatives
securit ies

Federal home loan banks: Vj
1962 (Notes).
Feb.
(Notes).
1962
Mar.
3
(Notes).
1962
Apr.
3.15
(Notes).
1962
May
3.05
(Notes).
June 1962
3
(Notes).
Sept, 1962
3-3/8
(Bonds).
1963
Apr.
3-1/8

Total Federal home loan bank
securities
Federal intermediate credit banks:
Debentures
Federal land banks: 15/
3.3/8% Feb. 1962
4

May

4-7/8
3-1/4
3-5/8
2-3/4
4-1/2

Aug.
Oct.
Feb.

4
4
4

3-5/8
3-1/4
4-1/4
4-1/8
4-1/2
4-1/4
4-3/8
4-5/8
5-1/8
3-1/2
5-1/8

May
Apr.
Oct.
Oct.
Dec.
Feb.

May
July
Feb.
Oct.
Mar.
Mar.

July
Feb.
Apr.

July

1962
1962
1962
1963
1963
1964
1964
1965
1965
1966
1966
1966
1967-72

1967-70
1968
1969
1969
1970
1970
1970
1971

3-1/2

May

3-7/8

Sept. 1972

(Bonds).,
(Bonds).
(Bonds).,
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).

Total Federal land bank
securities
Federal National Mortgage
A^soclatl on/.
Discount notes.
(Debentures).
3-1/2? Feb. 1962
(Debentures).
Sept. 1962
4-7/8
Mar.
1963 (Debentures).
3-1/4
Nov.
1963 (Debentures).
4-1/8
May
1964 (Debentures).
3-5/8
(Debentures).
Sept. 1964
4
(Debentures).
Dec.
1964
3-7/8
(Debentures).
June 1965
4-3/8
Dec.
1966 (Debentures).
4-1/8
1968 (Debentures).
Mar.
3-5/8
Apr.
1969 (Debentures).
4-3/8
Apr.
1970 (Debentures).
4-5/8
Sept. 1970 (Debentures).
4-1/8
Aug.
1971 (Debentures).
4-1/8
(Debentures).
Sept. 1971
4-1/2
(Debentures).
Feb.
1972
5-1/8
June 1972 (Debentures).
4-3/8
June 1973 (Debentures).
4-1/4

Total Federal National Mortgage
Association securities

Tennessee Valley Authority:
(Bonds)
1983
Nov:
4.40)6
July 1986 (Bonds)
4-5/8

Total Tennessee Valley Authority
securities
Footnotes on preceding page.

134
172
128

510
mutual
savings
banks
2/

304
life

515 fire,
casualty,
and

marine

489
savings
and loan
associations

49
41
34

434
8
6

9

80

19
8
9
17
6

16
13
10
18
64

1,683

458

74

134

1,569

384

86

91
125
98
104
115
122
147
90
160
115
150
108
193

30
17
10

8

72
75

1

35
6
22
2

3
4

4

6

6

2

1
7

238
100
381
218
239
261
246

46
25
110

86
100
60
82
83
85

60
109

54
59
84

31
30
61
19
30

46
26
26
38
50

2

10
1

1
1

125
75

5

14
11
14

12

3

9
4
2
2

16
46
12
41
17
30

6
17

34
34

10
6
7
6

13

20
13

6
5

4
10
6

2,602

313

31

5

17

2

3

15
6
6

3

100
100
100
150

50
50

3

4
8
7

188

2,431

437
200
150
150
100
100
150
125
100
100
100
90
150

5

8

1
3

10
24
31

487
corporations

March 1962
61

MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY
28, 1962
Current market quotations shown here are over-the-

counter closing bid quotations In the Hew York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.

marketable securities Issued by the United States
OovernOutstanding Issues which are guaranteed by the

ment.

United States Government are excluded because they
are
not regularly quoted In the market.

The securities listed Include all regularly quoted public

Table 1.- Treasury Bills (Taxable)
Amount outstanding (millions)

62

Treasury Bulletin
MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 28, 1962

Table 4.- Taxable Treasury Bonds
(Price decimals are 32nds)

March 1962
63
,

o

o
CO UJ

ma.

MARKET QUOTATIONS ON TREASURY SECURITIES,
FEBRUARY 28, 1961

o
o

o
ID
ro

o

..

.
....

...

.

.....

..

.... .
,
.

6^

Treasury Bulletin
AVERAGE YIELDS OF LONG-TERM BONDS

Table 1.- Average Yields of Taxable Treasury and Moody's Aaa Corporate Bonds by Periods
(Percent per annum)

Treasury
bonds \/

Moody's Aaa
corporate
bonds

Treasury
bonds 1/

Moody's Aaa
corporate
bonds

Treasury
bonds \J

Annuel series - calendar year averages of monthly series
1942.
1943.
1944.
1945.
1946.
1947.
1948.

2.46
2.47
2.48
2.37
2.19
2.25
2.44

2.83
2.73
2.72
2.62
2.53
2.61
2.82

1949.
1950.
1951.
1952.
1953.
1954.
1955.

1953-April.
May...
June.

2.97 2/
3.11

3.23
3.34
3.40

1956-April.
May.

2.31
2.32
2.57
2.68
2.94
2.55
2.84

Monthly series

3.13

-

4.08
4.02
3.90

averages of daily series
1959-April.
May...
June.

4.01
4.08
4.09

3.28
3.43
3.56

July
August ....
September.

4.11
4.10
4.26

June.

3.07
2.97
2.93

3.24
3.28
3.27

July
August ....
September.

3.00
3.17
3.21

,

3.08
3.47
3.43

1956.
1957.
1958.
1959.
1960.
1961.

July
August ....
September.

2.98

3.28
3.24
3.29

October.
November.
December.

2.83
2.86
2.79 }/

3.16
3.11
3.13

October.
November.
December.

3.20
3.30
3.40

3.59
3.69
3.75

October.
November.
December.

4.11
4.12
4.27

2.69
2.62
2.53

3.06
2.95
2.86

1957-January.
February.

3.77
3.67
3.66

1960-January.
February.

March

3.34
3.22
3.26

March

4.37
4.22
4.08

2.85
2.88
2.90

April.
May.
June.

3.32
3.40
3.58

3.67
3.74

June.

2.48
2.54
2.55

April.
May...
June.

4.18 2/
4.16
3.98

July
August ....
September.

2.47
2.48
2.52

2.89
2.87
2.89

July
Augus' ....
September.

3.60
3.63
3.66 2/

July
August ....
September.

3.86
3.79
3.84 2/

October.
November.
December.

2. 54

y

2.87
2.89
2.90

October.
November.
December.

3.73
3.57 2/

October.
November
December.

3.91
3.93
3.88

68 2/
78
78

2.93
2.99
3.02

1958-January.
February.

1961-January.
February.

March

3.89
3.81
3.78

April.
May...

82
81

June.

82

.

1954-January.
February.
.

March
April.
May...

.

1955-January. .
February.

3.02
3.02

2.
2,

57
59

y

y

.

3.30

y

April.
May...

3.12
3.14

June.

3.06
3.13

October.
November.
December.

2.87
2.89
2.91

3.10
3.10
3.15

1956-January.
February.
March

2.88
2.85
2.93

3.11
3.08
3.10

.

1.91

y

3.99
4.10
4.12
10

.

.

.

.

y

3.01
3.04
3.05
3.11

y

.

3.24 2/
3.28
3.25

2.91
2.95
2.92

.

.

March

July
August ....
September.
.

.

6C

59

.

63

March
April
May

3.20 2/

3.60
3.57
3.57

July
August.
September.

3.36
3.60
3.75

3.67
3.85
4.09

July
August ....
September.

3.90
4.00

October

3.76
3.70
3.80

4.11
4.09
4.08

October.
November.
December.

3.98
3.98
4.06

3.91 2/
3.92
3.92

4.12

1962-January
February.

.

.

ember..
December.

1959-January.
February.
March

.

4.U
4.13

3.80
3.73
3.88

June

.

.

.

.

.

4.02

4.08
4.09

y

March 1962
65

AVERAGE YIELDS OF LONG-TERM BONDS.

<0

c

o

5

3
3

<1

I
a,

3

3

5

^

.

Treasury Bulletin

66

INTERNAL REVENUE COLLECTIONS.

Table I.- Summary by Principal Sources
(In thousands of dollars)

year
or month

Budget
receipts from
Internal
revenue

70,299,652
66,288,692
75,109,083

Adjustment of
collections
to budget
receipts 1/
f 364, 672

Total collections reported
by Internal
Revenue Service

IndividuBl income tax and employment taxes

Corporation
income and
profits
taxes

Individual
income tax not
withheld g

Individual
income tax
withheld ,3/

Old-age and
disability
insurance J/

Railroad
retirement

4,218,520
605,221
5,339,573 4/ 600,106
6,336,805
634,323
616,020
6,634,467
575,282
7,733,223

Unemployment
insurance

69,934,980
66,288,692 4/
75,112,649 5/
80,171,971
79,978,476

21,546,322
18,264,720
21,298,522
21,530,653
20,533,316

37,921,314
37,869,770
42,633,426
46,610,293
47,212,944

10,736,578
10,396,480
-1,966
12,302,229
11,527,648

22,077,113

1,086

79,797,973
91,774,803
94,401,086

18,091,509
22,179,414
21,764,940

49,588,488
56,104,300
58,655,452

11,733,369
13,271,124
13,175,346

29,001,375
31,674,588
32,977,654

Aug..
Sept,

3,427,747
8,373,396
9,945,359

3,427,747
8,373,396
9,945,359

519,563
382,280
3,250,550

1,785,961
6,635,584
5,563,577

245,119
160,611
2,017,145

1,525,870
6,389,944
3,490,501

84,163
55,296

865
635

Oct.
Nov.
Dec.

3,505,919
7,783,190
8,355,057

3,506,919
7,783,190
8,355,057

407,784
377,163
3,322,058

1,854,657
6,156,753
3,868,610

216,452
123,253
428,497

1,636,124
5,956,755
3,392,830

1,306
75,893
46,716

775
851
567

5,590,573

5,590,573

466,316

3,923,062

2,330,186

1,533,837

11,235

47,803

1954

80, 171.

-'71

79,978,476

1958
1959
1960
1961

,

79,797,973
91,774,803
.

1961-July.

1962- Jan..

-3,566 5/

.

.625 4/
.676 5/

26,727,543
27,040,911

8,004,355
10,210,550
11,586,283

525,369
606,931
570,812

.

I

V

283,882
279,986
324,656
330,034
335,880
324,020
341,108
345,356

710

I

March 1962

67
.

INTERNAL REVENUE COLLECTIONS

.

INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES

1948

* Beginning

with the fiscal yejr
such receipts for erase totes

t

is

'50

'52

'54

'56

amount of
and unapplted collections. The .hole
and! tr/Puled depositor, receipts
included under 'Other case lo.es

6S

Treasury Bulletin
.INTERNAL REVENUE COLLECTIONS.

Table 2.- Detail of Excise Tax Collections
(In thousands of dollars)

two quarters
of fiscal year

Fiscal year

Second quarter of
fiscal year

Type of tax

1961
1961

(Oct. -Dec.

I960]

1962
(Oct.-De:.

Alcohol taxes: 1/

Distilled spirits
Wines
Beer

2,292,425
100,369
800,921

Total alcohol taxes

.:

;

:

:o

2,314,746
97,803
800,252

1,226,543
48,066
410,295

1,284,559
50,213
419,591

690,571
28,274
179,264

724,636
29,354
186,853

3,212,801

1,684,904

1,754,363

898,109

940,843

49,604

26,024
972,514
8,825

26,362
998,634
9,848

13,791
482,573
4,407

12,985
513,839
5,386

taxes: 1/

Cigarettes
Other

50,117
1,863,562
17,825

1,923,'540
17,974

Total tobacco taxes

1,931,504

1,991,117

1,007,362

1,034,844

500,771

532,210

Documentary stamp taxes 2/
Playing ca rds
Silver bullion sales or transfers

131,134
8,075

141,290
8,046

64,247
3,668

74,658
4,008

31,056
1,983

39,325
2,160

5

4

2

Total documentary and certain other stamp taxes

139,231

149,350

67,923

78,672

33,043

41,487

Gasoline %
Lubricating oil, etc
Tires, tubes, and tread rubber J/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. J/
Parts and accessories for automobiles, trucks, etc
Radio and television sets, phonographs
components, etc
Refrigerators, freezers, air-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, and lighters
Matches

2,015,863
81,679
304,466
1,331,292
271,938
189,476
169,451
50,034
69,276
1,986
24,324
18,023
13,611
5,836
99,370
26,234
31,762

2,370,303
74,296
279,572
1,228,629
236,659
188,819
148,989
55,920
64,483
1,549
22,823
18,113
14,710
6,253
98,305
25,268
32,924

1,253,123
39,939
152,404
610,926
128,625
97,081
73,488
32,480

1,263,197
37,957
178,983
520,488
121,256
93,454
76,669
30,193

811
10,208
8,413
8,032
3,065
48,733
14,430
14,905

891
8,597
9,645
8,493
2,474
43,249
13,781

15,590
9,632
5,287

14,985
9,035
5,165

10,163
4,804
2,669

9,939
4,081
2,365

Total manufacturers' excise taxes

4,735,129

4,896,802

2,547,718

2,474,265

Furs
Jewelry, etc
Luggage, etc
Toilet preparations

30,207
165,699
62,573
120,211

29,226
168,498
68,182
131,743

9,356
73,001
31,928
61,790

9,864
74,480
30,861
66,514

5,386
34,333
14,243
30,839

14,449
33,236

Total retailers' excise taxes

378,690

397,649

176,075

181,719

84,801

88,723

8,

a

Documentary and certain other stamp taxes:

"i

^r-turers

1

22

14_

excise taxes:

,

32 ,978

.

634,281r
19,741
69,780
231,929
51,881
47,366
41,411
12,483
16,688
387
5,728
4,917
3,981

977
24,107
7,240
7,245

5,883
2,753
1,394

l,190,174r

642,752
18,899
98,372
.

48,166
45,944
11,823
15,446
475
4,006
6,245
3,962

807
..

-

6,962
7,576
5,704
2,158
1,241

1,188,461

Retailers' excise taxes:

Footnotes at end of table.

(Continued on following page)

5,594
35 ,444

:

iarch

1962
69

INTERNAl REVENUE COLLECTIONS.

Table 2.- Detail of Excise Tax Collections

(Continued)

(In thousands of dollars)

First two quarters
of fiscal year

Fiscal year

Second quarter of
fiscal year

Type of tax
1961

1962

1962

(Oct. -Dec. I960)

(Oct. -Dec.

1961)

Miscellaneous excise taxes:

I

I

.

I

J

;

I

!

Admissions to theaters, concerts, etc
Admissions to cabarets, roof gardens, etc
Club dues and initiation fees
Toll telephone service, telegraph, cable, radio, etc.
wire mileage service, wire and equipment service....
General telephone service
Transportation of oil by pipeline 4/
Transportation of persons
Transportation of property (including coal) 4/
Use of safe deposit boxes
Coconut and other vegetable oils processed ^/
Sugar
Diesel and special motor fuels
6/
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 J/
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes

y

I

Total miscellaneous excise taxes
I'otal

received with returns and from sale of stamps....

Undistributed depositary receipts 2/
Unapplied collect ions
rotal excise taxes

34,494
49,605
67,187

36,679
33,603
64,357

19,863
17,592
31,796

21,874
17,660
35,413

10,615
8,473
13,674

11,741
8,902
16,377

312,055
426,242
50
255,459
3,140
6,378
389
89,856
71,869
1,076
5,348
14,989
3,670
560
6,084

343,894
483,408
387
264,262
1,306
6,581

167,610
233,898

170,236
239,855
24
142,747

81,690
111,743

89

74

91,818
1,107
5,535
18,375
4,317
641
6,682

50,780
43,557
456
3,289
12,130
2,695
363
3,406

50,919
542
2,907
10,264
2,831
367
2,914

221
1,546
21
27,611
22,223r
198
336
1,096
417
88
1,764

83,100
117,252
16
73,688
147
1,551

38,333

45,575

37,740

51,788

4,820

10,709

2
44

2
51

1

29
29

1

13

20

313
3,193
4
52,381

4
"', 004

3

27,560
25,608
281
326
1,093
423
117
1,307

7

1,386,829

1,497,526

767,056

806,289

11,765,097

12,145,245

6,251,038

6,330,152

3,065,451

3,171,945

98,007

-81,639

-12,760

62,062

32,151

66,194

1,637

696

-592

2,007

130

-180

11,864,741

12,064,302

6,237,686

6,394,220

3,097,731

3,237,959

Internal Revenue Service reports. See also Table 1.
The figures shown include collections for credit to special accounts
for certain island possessions. Floor stocks taxes are included with
the related classes of tax.
Full detail on a monthly basis is available from the Internal Revenue
Service.
Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.), deeds of conveyance, and
policies issued by foreign insurers.
Beginning with the fiscal year 1957, collections reflect the provisions
of the Highway Revenue Act of 1956, approved June 29, 1956 (23 U.S.C.
120 note).

Source:

88,85(

84
137,811
742
3,148

4/

^/

6/

2/
»
r

358,554r

18

•,.

.

Repealed effective August 1, 1958, by an act approved June 30, 1958
(26 U.S.C. 4292 note).
The tax of 3 cents per pound, applicable to the first domestic
processing of coconut oil and other vegetable oils, which was
suspended from October 1, 1957, through June 30, 1960, under the acts
approved August 30, 1957, and May 29, 1959, is further suspended until
June 30, 1963, under an act approved April 22, 1960 (26 U.S.C. 4511).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued, less amount rec>
with returns and distributed by detailed class of tax.
Less than $500.
Revised.
i

,
.

.

70

Treasury Bullet ii
.

MONETARY STATISTICS

Table 1.- Money in Circulation
(In millions of dollars except per capita figures)

Paper money 2/
End of fiscal
year or month

Total
money in
circulation 1/

Total
paper
money

Gold
certificates

Silver
certificates

Treasury
notes of
1890

United
States
notes

Federal
Reserve
notes

Federal
Reserve
Bank
notes

National
bank
notes

35
34
33
33
32

2,135
2,170
2,148
2,162
2,200

320
319
318
321
317

25,385
25,618
26,055
26,329
26,342

180
163
147
133
120

70
67
64

31,082
31,172

28,127
28,372
28,767
29,040
29,071

31,914
32,065
32,405

29,699
29,726
29,943

31

2,155
2

27,029
27,094
27,353

110
100

2,094

316
318
318

57

30
30

1960-Deceraber.

!2,869

30,442

30

2,110

313

27,837

1961- July
August
September.

32 ,477

30,002
30,118

30
30

2,077
2,075
2,079

315
315
314

27,434
27,553
27,584

90
90
89
89
89

1954
1955
1956

30,229

1957
1958
1959
1960
1961

October.
November.
December.
.

.

"

.

-Jan wry

.

.

32,609
32,658

.

30

,

127

32,836
33,538
33,918 2/

30,303
30,975
31,336

30
30
30

2,076

315

,098

2,120

318
314

27,739
28,386
28,731

32,774

30,222

29 jj

1,974 5/

306

27,771 6/

.

92

62
59

56
54

55

91

54
54
54
54

54
54

March 1962
71

.MONETARY STATISTICS.

Table 2.- Monetary Stocks of Gold and Silver
(Dollar amounts In millions)

End of fiscal
year or month

72

Treasury Bulletin
.MONETARY STATISTICS,

Table 4.- Components of Silver Monetary Stock

March 1962
73

MONETARY STATISTICS.

Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)

End of calendar
year or month

Seigniorage
on coins
(silver and
minor) 2/

18.5

Misc. silver
(incl. silver
bullion held
June 14, 1934)

Sources of seigniorage on silver bullion revalued
\J
Newly mined silver 2/
Silver PurNationalized
chase Act
silver
Proclamation Acts of
of June 19,
(Pr'OC. of
of Dec. 21,
July 6, 1939,
1934
Aug. 9, 1934) 1933
and July 31, 1946

1956
1957
1958
1959
1960
1961

48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48.7

226.2
302.7
366.7
457.7
530.7
562.7
580.4
584.3
584.3
584.3
701.6
832.1
832.1
832.2
833.6
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7
833.7

34.5

46.1
63.7
69.5
91.7
122.2
182.1
245.7
299.6
362.3
429.5
491.9
520.5
559.2
578.7
596.6
642.3
694.2
742.2
792.9
807.0
839.6
890.3
932.0
981.6
1,038.5
1,101.7

1961-July
August...,
September,

1,068.4
1,076.2
1,082.9

48.7
48.7
48.7

October. ..
November.,
December.

1,091.6
1,095.0
1,101.7
1,107.9
1,110.6

1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945

1946
1947
1948
1949
1950
1951
1952
1953
1954
1955

1962- January.

.,

February.

2/

Potential
seigniorage on
silver bullion
at cost in

Treasurer's
account J/

34.7
34.7
34.7
34.7
34.7

16.8
36.0
58.0
74.9
87.3
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6
87.6

66.5
74.5
84.6
93.5
104.7
114.6
125.4
134.7
143.8
150.8
155.2
156.4
166.0
167.9
167.9
167.9

833.
833,
833.

34.7
34.7
34.7

87.6
87.6
87.6

167.9
167.9
167.9

1,172.5
1,172.5
1,172.5

44.0

48.7
48.7
48.7

833,
833,
833.

34.7
34.7
34.7

87.6
87.6
87.6

167.9
167.9
167.9

1,172.5
1,172.5
1,172.5

25.0

48.7
48.7

833.7
833.7

34.7
34.7

87.6
87.6

167.9
167.9

1,172.5
1,172.5

12.6

Bureau of Accounts.
These items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
silver certificates.
Total of seigniorage on coins and on newly mined silver, beginning

34.7
34.7
34.7
34.7
34.7
34.7
34.
J4

34
34.

34
34
34
34
34
34
34
34
34
34
34.

Source:

X/

Total
seigniorage
on silver
revalued 2/

3/

326.2
422.1
508.1
616.0

4.2

25.7
48.3
63.6
65.3
65.4
65.5

705.
759.4

799.7
818.9
820.6
820.7
938.1
1,069.6
1,077.6
1,087.8
1,098.1
1,109.3
1,119.2
1,130.0
1,139.3
1,148.4
1,155.4
1,159.8
1,161.0
1,170.6
1,172.5
1,172.5
1,172.5

274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
1,048.2
967.3
717.3
333.2
161.2
146.8
129.9
127.2
111.7
81.9
57.2
34.9

6.6
14.3

50.0
72.9
114.0
98.3
70.8
12.6

37.4
33.2
15.1
12.6

14.6

with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
The figures in this column are not cumulative; as the amount of bullion
held changes, the potential seigniorage thereon changes.

.

7*

Treasury Bullet in\
.INTERNATIONAL FINANCIAL STATISTICS.

Table 1.- U. S. Gold Stock, and Holdings of Convertible Foreign
Currencies by U. S. Monetary Authorities
(In millions of dollars)

Gold

s1

aar ypar or month

Total

22,091
21,793
21,753
22,058
22,857

22,030
21,713

1954

22,781

20,582
19,507
17,804

20,534
19,456
17,767
16,889

L9I

1961
1961- July

Aug
September.

2/

17,590
17,530
17,457

17,376

October..

.

.

.

December.

16,889

February p

16,790

The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
million.
In accordance with Fund policies, these drawing
rights include the right to draw virtually automatically an amount
equal to the sum of the United States gold subscription to the Fund
($1,031.2 million) and the Fund's net use of dollars; on February 28,
Under appropriate
1962, these two amounts totaled $1,564.0 million.
circumstances the United States could draw an additional amount equal
to the United States quota.

105
106
62
112

127

Novell

r.

Foreign
currency
holdings

1

L

lib

16,847
16,795

116

2/

Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S. Government securities; as of February 28, 1962,
this amounted to $800 million.
Includes gold in Exchange Stabilization Fund, which Is not inclu
Treasury gold figures shown In "Circulation Statement of United
Money." See "Monetary Statistics," Table 3.
To be published in following issue.
!

Prelimi-

\

l%2

March

75
.CAPITAL MOVEMENTS.
Data relating to capital movements between the United
States and foreign countries have been collected since
1975, pursuant to Executive Order 6560 of January 15, 19314.

Executive Order IOO33 of February S, 1949, and Treasury
regulations promulgated thereunder.
Information on the
principal types of data and the principal countries Is reported monthly, and

Bulletin.

"

frequently.
and dealers,

)

s

published regularly In the "Treasury

Supplementary Information Is published less
Reports by banks, bankers, securities brokers
and Industrial and commercial concerns In the

United States are made Initially to the Federal Reserve
which forward consolidated figures to the Treasury.
Beginning April 1954, data reported by banks in the Territories and possessions of the United States are included

Banks,

in the

published data.

The term "foreigner" as used in these reports covers
all

Institutions and Individuals domiciled outside the
States and Its Territories and possessions, the

'-'nlted

official Institutions of foreign countries, wherever
such Institutions may be located,

and International organ"Short-term" refers to original maturities of
one year or less, and "long-term" refers to all other
izations.

•maturities.
erage,

A detailed discussion of the reporting cov-

statistical presentation, and definitions appeared
195>4- Issue of the "Treasury Bulletin, " pages

In the June

^5-^7In

that

As a result of changes In presentation Introduced

Issue,

not all breakdowns previously published

Section

Table

1,

I

-

will be exactly comparable to those now
presented.
The first three sections whloh follow
are published
They provide summaries, by periods and by
countries, of data on short-term banking
liabilities to and
monthly.

claims on foreigners and transactions In long-term
securities by foreigners, and present detailed
breakdowns of the
latest available preliminary data.

Section IV provides supplementary data In six tables
which appear at less frequent Intervals. Table 1, shortterm foreign liabilities and claims reported by nonf lnan-

clal concerns,
April,

Is

published quarterly In the January,

July, and October Issues of the Bulletin.

Table 2,
long-term foreign liabilities and claims reported by banks
and bankers, and Table 3, estimated gold reserves and

dollar holdings of foreign countries and International
Institutions, are published quarterly In the March, June,
September, and December Issues.
Table 4, foreign credit
and debit balances In brokerage accounts, appears semiannually In the March and September Issues. Table 5,

short-term liabilities to foreigners In countrleF and
areas not regularly reported separately by banking Institutions, Is presented annually, appearing In the April
Issue through I95S and In the March Issue thereafter.
Table 6, purchases and ealeB of long-term securities by
foreigners during the preceding calendar year, also appears

annually,

beginning with the May 1959 Issue.

Summary by Periods

Net Capital Movement Between the United States and Foreign Countries

2

c

,
.

Treasury Bulletin

76

CAPITAL MOVEMENTS.

Section I - Summary by Periods
Table 2.- Short-Term Banking Liabilities to and Claims on Foreigners
(Position at end of period in millions of dollars)

Short-term claims on foreigners
Payable in dollars

Short-term liabilities to foreigners
Payable in dollars

End of calendar
year or month

1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961 p

,

,

,

1961-July
August
September.
October. . .
November. .
December p,

1962-January p.

1/

Other
foreign

Foreign
official

4,205.4
5,374.9
5,596.8
6,883.1
6,480.3
7,116.4
7,718.0
7,618.0
8,644.8
9,302.2
10,546.1
11,648.4
12,918.6
13,600.7
14,939.1
15,158.3
16,159.1
19,388.7
21,329.3
22,557.8

2,244.4
3,320.3
3,335.2
4,179.3
3,043.9
1,832.1
2,836.3
2,908.1
3,620.3
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 1/
7,916.6 1/
8,664.9
9,154.3
10,326.9
10,919.7

1,947.1
2,036.7
2,239.9
2,678.2
2,922.0
2,972.7
2,947.0

21,770.5
21,627.6
21,937.2

International

Payable in
foreign
currencies
13.9
17.9

21.6
25.5
40.6
49.7
70.4
51.0
44.9

Loans to
foreign banks

Other

Payable in
foreign currencies
30.9
34.4
54.6
47.5
98.1
165.4
100.4
110.8
240.6
91.8
78.4
101.6

3,614.2
4,711.2

319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.6

143.7
137.2
169.7
245.0
290.5
490.6
557.1
494.3
506.3
699.4
847.5
646.5
969.0
1,056.5
1,390.8
1,666.5
1,904.9
1,909.2
2,610.3
3,426.0

246.7
257.9
329.7
392.8
708.3
948.9
1,018.7
827.9
898.0
968.4
1,048.7
904.5
1,386.5
1,548.5
1,945.7
2,199.4
2,542.0
2,624.0

72.0
86.4
105.4
LOO.

!

6,934.4
7,685.1

473.7
2,262.0
1,864.3
1,657.8
1,527.8
1,641.1
1,584.9
1,629.4
1,769.9
1,881.1
1,452.1
1,517.3
1,544.0
3,158.1
3,954.9
3,803.8

72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113.1
149.2 2/

10,096.0
10,537.1
10,932.8

7,545.7
7,577.0
7,468.7

3,983.3
3,404.1
3,434.3

145.5
109.4
101.5

4,188.7
4,122.1
4,159.9

634.8
594.6
607.4

3,141.9
3,117.7
3,105.0

411.9
409.8
447.5

22,231.5
22,418.6
22,557.8

10,644.8
10,547.5
10,919.7

7,713.2
7,893.6
7,685.1

3,714.7
3,836.0
3,803.8

158.7
141.5
149.

4,346.7
4,384.0
4,711.2

582.8
598.7
699.6

3,215.9
3,236.1
3,426.0

548.0
549.2
585.6

22,467.4

10,211.3

8,284.2

3,812.1

159.9 2/

4,580.5

665.0

3,457.7

457.7

1,001.

3,451.7
4,041.2
4,245.6
4,308.4
4,335.4
4,726.5
5,392.8 1/
5,665.3 1/
5,890.8
•
.

.

199. 3

Beginning In August 1956 and again in April 1957, certain accounts
previously classified as "Other foreign" are included in "Foreign
official."

2/
P

211.0
163.9
149.6
147.3
197.7
217.2
479.6
585.6

Includes *48.1 million representing reported liabilities to foreign
official institutions,
Preliminary.

Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners

March 1962
77
.CAPITAL MOVEMENTS.

Section I - Summary by Periods
Table 4.- Purchases and Sales of Long-Term Foreign Securities by
Foreigners
(In millions of dollars; negative figures Indicate a net
outflow of capital from the United States)

Foreign bonds

Calendar year
or month

Sales
n.a.
n.a.

1935-41
1942
1943
1944
1945

446.4
314.3
318.1

n.a.
n.a.
372.2
225.3
347.3

1946
1947
1948
1949
1950

755.9
658.7
211.6
321.2
589.2

490.4
634.3
291.4
311.5
710.2

1951
1952
1953
1954
1955
1956
1957
1958

500.4

495.3
542.5
792.4
693.3
606.5
699.0
889.0

801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1

1959
1960
1961 p

945.6
882.9
801.9

1,457.6
1,445.0
1,252. 6r

1961- July
August ....
September.

50.2
37.4

225.0

Net

purchases

purchases
n.a.
n.a.

74.2

1962-January p.

92.7

90.2

Total
sales

4,008.2
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
-46.6

securities

19.8
22.1
54.8

4.5
-17.5

-121.0

65.2
57.1
81.7
88.8
173.8

65.6
42.6
96.7
70.8
198.2

14.6
-15.0
18.0
-24.4

821.2
715.9
293.3
410.1
763.0

556.1
676.8
388.2
382.3
908.4

265.1
39.0
-94.8
27.8
-145.4

-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1

272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2

348.7
329.6
303.4
644.9
877.9
875.2
621.9
803.7

-76.4
-35.8
6.8
-251.6
-214.3
-126.1
-29.1
-336.4

772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2

1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8

-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5

-512.0
-562.1

566.1
509.1
593.8

803.8
591.7
955.4

-237.7
-82.6
-361.7

1,511.7
1,392.0
1,395.7

2,261.5
2,036.7
2,208.1r

35.2
40.5
41.2

55.1
64.5
58.1

-19.9
-24.0
-16.9

85.4
77.9
266.2

173.6
100.6
286.2

-88.2
-22.7
-20.0

52.9
54.8
59.2

75.2
93.5
139.2

-22.3
-38.8
-80.1

104.4
123.6

152.4
198.1
244.9

-47.9
-80.9
-121.3

57.8

79.5

-21.7

150.5

169.7

-19.2

89.0
-29.2
265.5
24.5
-79.8
!.8

-450. 7r

-25.

62.4
64.4

Net purchases
of foreign

Total
purchases

23.3
26.6
37.3

-68.

77.2
104.6
105.6

Not available.
Preliminary.
Revised.

Net

118.5
36.1
228.1

October. .
November.
December p

51.5

Foreign stocks

1,

-3.

-4.':.

-41.

3.5

-.4

.

-749.7
-644.7

Treasury Bullethi\

7<5

CAPITAL MOVEMENTS

,

Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners
".lion at

V

end of period in millions of dollars)

Calendar year
1958
E

1961 p

irope:

Austria
Belgium
Czechoslovakia
Denmark
Finland

115.1

68.8

France
Germany, Federal Repul
Greece
Italy
Netherlands

.

1,754.7

1,120.8
.

Norway
Poland
uga

129.6
4.9
163.0

1

Rumania
Spa in

.9

36.2

Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom

303.4
851.9
.

Yugoslavia
Other Europe

bYD.l

Total Europe
.fl'id'i

Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
m

Cuba

Dominican Republic
Guatemala
Mexico
Nethe
les
.

Lnam

Peru
El Salvador
Uruguay

Tota
Asia

:

Chin-

Hong Kong
India
Indones
Iran
i

Israel

Philipj Lnes
Land

Other Asi
Total Asia
Other

?j,i:.

Unite
All oth

Total

:

.

r

oth--

International

Grand total

i

1

ind

.'

ber

October

December p

March 1962

Treasury Bulletin

so
.CAPITAL MOVEMENTS.

Section II - Summary by Countries
Table 3.- Net Transactions In Long-Term Domestic Securities by Foreigners
(In thousands of dollars; negative figur

March 1962
81

.CAPITAL MOVEMENTS.

Table 4

-

Section II - Summary by Countries
Net Transactions in Long-Term Foreign Securities
by Foreigners

(In thousands of dollars; negative figures indicate ne t sales
by foreigners or a net outflow of cap ital
fro. the United States)

Calendar year

Country
1959

Europe:
Austria
Belgium
Czechoslovakia
Denmark
Finland

France
Germany, Federal Republic of..,
Greece
Italy
Netherlands

Norway
Poland
Portuga 1
Rumania

,

,

-18,018
21,299
-3
3,256
5,102

-13,630
5,021

18,912
99,082
-912
7,345
-234,089

-93,465
47,539
-552
-35,375
-32,383

-16,325
-7
3,513

1,449

7,500

,

Spa in

-57

-739

691
92 ,200

-10,643
51,384

-16

336

-27,801

17,726

.

24
-26,268

500
5,348

.

-72,072

-49, 714

-543,274

-443,009

-442
69

-92
24
7,804
2,291

,

Sweden
Switzerland. ...
Turkey
U.S.S.R
United Kingdom.

Yugoslavia
Other Europe.
Total Europe.

Latin America:
Argentina.
Bolivia...
Brazil
Chile
Colombia.
Cuba

Dominican Republic
Guatemala
Mexico
Netherlands Antilles and
Surinam

4,979
812
2,421

2,437

-152

-588

-80
-60
17,060

21
507

12

1,547

1,790

Panama, Republic of.
Peru
El Salvador
Uruguay
Venezuela
Other Latin America.

-13,669
-443
-703
3,532
253
-10,266

-3,599
-134
2,443
1,913
1,321
-4,905

Total Latin America.

4,858

11,245

28,318
-50

15,283
151

42
1,015

-30

-46,677
598

-50,536
-32,736

Philippines
Taiwan

-693
-52

1,782

Thailand
Other Asia

-185

-27.167

-955
-29,326

Total Asia

-44,843

-96,654

-44,434
-16,099
-66,917

-18,166
-6
9,067
-356
-5,554

Asia:
China Mainland.
Hong Kong
India
Indonesia
Iran
Israel
Japan
Korea, Republic of.

Other countries:
Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All other
Total other countries.
International.

Grand total.

59

-22,175
-149,625

-557,576
-1,362,532

24

-370

-15

,

82

Treasury Bulletin
CAPITAL IBVBffiNTS

Section III - Preliminary Details by Countries
Table 1.- Short-Term Banking Liabilities To Foreigners as of January 31, 1962
(Position in thousands of dollars)

March 1962
83

CAPITAL UOVBIEMTS.

Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of January 31, 1962
(Posit loo Is

t.l»»i».ivi f

Short-tera claims payable in dollars

Country

Total
shortterm
claims

Loans to

Foreign
banks and
official
institutions

Europe:

Austria
Belgium
Czechoslovakia
Denmark
Finland

4,193
17,521
889
13,327
23,471

3,912
12,966
887
12,479
23,364

1,444
2,133
858

France. ......................
Germany, Federal Republic of.
Greece
Italy
Netherlands.. .........•••••••

43,092
157,271
4,589
36,829
59,766

39,171
140,617
4,552
32,893
49,513

3,977
30,474
174
6,219
5,545

Norway
Poland
Portugal
Rumania..... .••..•••••••.....
Spa in. ••••••••••••••••••....

25,216
7,610
2,206

24,183
7,610

1,109

13,500

12,758

3,093

Sweden.
Switzerland.
Turkey
U.S.S.R
United Kingdom.

17,017
68,173
6,700
144
162,519

15,448
36,572
6,692
144
64,240

1,345
7,664
3,760

Yugoslavia
Other Europe...

7,008
10,669

6,733
9,366

Total Europe...

681,710

506,251

483,130

,455

Argent ins....
Bolivia
Brazil
Chile
Colombia . . . .

184,393
5,493
133,212
123,462
133,770

175,158
5,492
97,895
123,287
133,734

Cuba
Dominican Republic
Guatemala.
Mexic o. ..•••••...•.•
•••..••
Netherlands Antilles and Surinam.

18,269
11,741
19,423
412,108
8,988

18,170
11,737
19,408
407,308
8,958

Panama, Republic of ....... .......
Peru
El Salvador
••••
Uruguay
ft. .•
Venezuela
Other Latin America

42,805
71,878
13,952
60,081
123,204
71,076

42,712
71,798
13,295
60,075
121,808
70,868

1,433,855

1,381,703

1 ,673

1,668
9,580
9,503
12,226
28,300

87

Latin America:

Total Latin America.
Asia:
China Mainland
Hong Kong
India
Indonesia
Iran

9 ,648
10 ,049
12 ,226

29 ,581

Israel
Japan. •••••••••••••
Korea, Republic of.

1,511 ,359

Philippines........
Taiwan...,

135 ,274
11 ,117

35,590
,473,909
4,634
135,261
11,117

Thailand
Other Asia.. .......

33 ,719
95 ,013

33,719
94,644

1,889,891

1,850,651

Australia
Congo, Republic of the
South Africa
United Arab Republic (Egypt).
All Other

30,987
5,879
10,575
13,818
30,676

28,172
5,879
8,812
13,659
30,194

Total other countries.

91,935

b,716

4,580,527

4,122,782

Total Asia

35 ,598
4 ,634

Other countries:

International.
Grand total.

72

522

20,112
4

V

of dollars)

Collections
outstanding
for own
account and
domestic
customers

Short-term claims payable
foreign currencies
Deposits of reporting banks
and domestic
customers with
foreigners

,

Treasury Bulletin

tsk

CAPITAL MDVrMENTS

Section III - Preliminary Details by Countries
Table 3.- Purchases and Sales of Long-Term Securities by Foreigners During January 1962
(In thousands of dollars)

March 1962
85

-CAPITAL MOVEMENTS

Section IV
Table 2.- Long-Term VLIabl

1

1

- Supplementary Data by
Countries
ties to and Claims on Foreigners
Reported by Banks and Bankers
(Position at end of period In thousands
of dollars 1

Treasury Bulletin

S6

,

CAPITAL MOVEMENTS.

Section IV - Supplementary Data by Countries
3.Estimated
Gold Reserves i/ and Dollar Holdings of Foreign Countries
Table
and International Institutions
(Position at end of period in millions of dollars)

March

1%2
87

—

CAPITA! MOVEMENTS

,

Section IV - Supplementary Data by Countries
Table 4.- Foreign Credit and Debit Balances
In Brokerage
tuition

at en.

In thousands

Credit balances (due to foreigners)

Country

ecember
1958

December
1959

Europe
ria

75

Belgium
Czechoslovakia
Denmark
Finland

1,736

France
Germany, Federal Republic of
Greece
Italy
Netherlands

7,034
737
124
772

Norway
Poland
Portuga
Rumania
Spain

Sweden
Switzerland
Turkey
U.S.S.R
United Kingdom

8

1

299

357

7

g

6,527

129
1,005
5,552

2,194

1,283

2

1,185
37
1,210

478
15

449

236
41,151
16

42,304

9,087

6,209

Yugoslavia
Other Europe

11
1,511

11
851

Total Europe

73,959

67.52C

11,736

13,161

1,303
138
1,356
1,046
336

1,202
50
2,070
684

5,877
43
123
1,272

2,634
176

Canada

Latin America:
Argentina
Bolivia
Brazil
Chile
Colombia
Cuba
Dominican Republic
Guatemala

Mexico
Netherlands Antilles and
Surinam

356
32

392

114
1,431

1,699

2,371

Panama, Republic of
Peru
El Salvador
Uruguay
Venezuela
Other Latin America

5,504
509

2,783

Total Latin America

3,518

5,750
3,036
519

795

23
2,386
4,458
382

21,951

Asia:

China Mainland
Hong Kong
India
Indonesia
Iran

Israel
Japan
Korea, Republic of
Philippines
Taiwan

70
53
20

J44
1,719
66
46
82

40
122

14

126
2
65
18

Thailand
Other Asia

41
1,235

1,042

Total Asia

3,593

3,456

Other countries:
Austra lia
Congo, Republic of the
South Africa
United Arab Republic (Egypt)
All other
Total other countries

211
7
16
1,338

1,612

International

Grand total

123
19
705

40

119,418

1

ji'

dollars)

Accounts

Treasury Bulletin

ss

CAPITAL MOVrMENTS

.

Section IV - Supplementary Data by Countries
Table 5.- Short-Term Liabilities to Foreigners in Countries and Areas
not Regularly Reported Separately by Banks and Bankers V
(Position at end of calendar year in thousands of dollars)

Country

March 1962
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES

The current financial statements of corporations and
certain ether business-type activities of the United States
Government which appear in the "Treasury Bulletin" begin-

published quarterly and appear as Section I In the series
of tables. The first data under the new regulations
are
for Karch 31, 1956, and were presented in the August

ning with the August 1956 Issue are compiled from reports
submitted to the Treasury under Department Circular

Bulletin.
Statements of Income and expense and source and
application of funds are nubllshed semiannually, for June ~*3

Issued January 30, 1956, and Supplement tlo. 1,
The regulations so Issued are pur1, 1956.

and December 31 reporting dates, and appear as Sections
II
and III.
The first of these statements under the new
regulations cover the fiscal year 1956, and were published
la t.ae January 1957 Bulletin.
'.Vlthin the sections, the

No.

3oc,

Issued June

suant to Section ll

1

euree Act of 195

;1

-

!

(

*

of

and Accounting Proce-

tl

-'.S.C.

;

66 b), and represent another

step In the Drogram of comprehensive and integrated Government accounting and financial reporting for which

agencies are grouped In separate tables by type, as follows:

authority was provided In that act.

revolving funds, certain other activities, deposit fundB,
and trust revolving funds.

They supersede

Budget-Treasury Regulation V.o. 3, Issued under Executive
Order No. 3512 of August 13, 19Uo, as amended by Executive Order No. '•' : ~ of "arch 3, l°kZ, under which financial statements previously published In the Bulletin
were submitted.
In coverage,

Department Circular No. 966 requires
submission of financial statements by all wholly owned
and mixed-ownership 3-overnment corporations specifically
Included In the Government Corporation Control Act, as
amended (31 U.S.C. i-c, 356); anc all other activities
of the Government operating as revolving funds

for which

business-type public enterprise or lntragoverr.mental fund
budgets are required by the Bureau of the Budget.

Other

activities anc agencies whose operations, services, or
functions are largely self-llqulcat ln_ 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,

may be brought under the re ulatlons

systems are developed to the point

:

Circular
financial condition,
•tmer.t

1.

in

i

t

The star

Supplement No. 1 added to the coverage by Including
all executive agencies and activities not reporting

Depart

,

'out

required only

Lnancial condition annually as of June JO.

mainly not busin

a

These are

activities,

not yet developed formal accounting procedures to nrovlae
ete balance sheet types of statements were authcrlaed

temporarily to report only the asset side.

Taus the bug—

ent rounds out provision for the Information on
rties and assets of the United States Government which

the Treasury has been asked to furnish to the Committee on

Government Operations, House of Representatives, for a
The
continuing study of the assets of the Government
first comprehensive reporting under Supplement No. 1 Is
:..e data were published In the
for June 30, 1;
.

December 1957 issue of the Bulletin as Part B of Table k
in Section I.

re capable

.

A

te.mente

.ire

called for ty
nts of

.

expense,

sourd and

for a series of dates

sura

Is included in Section I of the Bulletin presentation
beginning v.lth the June 15?i issue. Two classifications
he loans are shown,

cne by

tyn<

rller reporting
Data prior to 1956 are based
requirements, which provided for complete co
1

application of funds,

gencles.

Intra;, overr.mer.tal

agency accounting

of furnishing the financial reports

Four kinds of financial

public enterprise revolving funds,

1

condition are

Government lend]

lies.

.

90

Treasury Bulletin
.

Table

I,

CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES

Section I - Statements of Financial Condition
Summary by Specified Classes of Activities, December 31, 1961
(Id thousands of dollars)

Account

March 1962
91

.CORPOKATIONS AND CERTAIN OTHER
BUSINESS-TYPE ACTIVITIES.

S6
^-Statements of Financial Condition
2
T hl P 2.ft m?
Table
Public
Enterprise Revolving Funds, December
31, 1961
fl

(In thousands of dollars)
Agency for International
Development

Development
loans

j

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 4/.
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 enterprises
Other
Loans receivable:
Government agencies
Other: U. 3. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net
land, structures, and equipment
Accumulated depreciation (Foreign currencies
Other assets (net

254,050
14,724,163
493,225
-363,413
602,164
5,692,104
-1,450,153
2,754
1,263,385

Total assets

34,894,238 6/

199,256
5,281,883

7,520
1,868
120,158

4,227,801

2,343

201 ,392

2,428

2,506,479

Farmers' Home
Administration

Direct
loan
account $/

25,452
196,753

19,513

V

767,040

-174,734

245,569
-133,563

464

665,245
.-

,?

1,593,519

7,873,343

102,789
451,345

65,823

269,054
127,708

2,633
115,278

-78,006
452
96

568
v

,

1
;

931,889

1,921

3,813

756
828
179,845
141,637

V:

172,946
72,015

1

JL

395,264
819

31 ,372

8,096

09o

1,507,764
819

1,562,112
31,372

-,

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

30,666,437

1,508,583

1,593,484

8,096

investment excl. interagency items.

30,031 ,699

3.,, -?.,,. 3

L

,709,766 5/

1,112,500

38,115,817
-7.449,379

30.666.437

4

998
,,954

100,000
11,952,000

•

,

22,706,115
953,405
1,056,000
10,608,830
1,132,288
1,559,180
-7,449,379

134

2,140,381

35

1.593,519

S.

835,774
129,697
5,249,046
-1,480,675

493,225

1,593.484

U.

54,433

1,228

1.508.583

U. S.

112

14,781

6,221

1,508.583

ANALYSIS OF UNITED STATES TWESTMEMT
United States investment
Accumulated net income, or deficit (-)...

Federal
Crop
Insurance
Corporation
2/

14,496

,094,074

908,816
257,330
6,802,779
-1,482,222

Total liabilities

Total Dnited States interest
Total liabilities and investment

1

Commodity
Credit
Corporation

4,980
5,236

118,810
191,550
100,028
2,543,451

Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

4,84fi

Foreign
investment
guaranty
fund

Agriculture Departme

1,251,744
136,279
-11,501
191,835

LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencie s
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...
MET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock

''

.

Development
loan fund
liquidation
account

1/

-6,319,038

12,052,000
-6,319,038
5,732,962

-835,774
177,499

-1,305,992
671.254
1,508,583

1,593,511

40,000
83,216
219
-387
-70,810

5,074,687

3,838

9J-,??o

5,732,96.:

7,873,343

•'.

471,960

57,19
123

931,889

Treasury Bulletin
92

CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I -Statements of Financial Condition
Table 2.- Publ ic Enterprise Revolving Funds, December 31, 1961

-

(Continued!

(In thousands of dollars)

Commerci

Agriculture Department. - (Continued)

Maritin

Farmers' Home Administre
,ied)

revolving

Agricultural
credit
insurance

Expansion
of defense

-

Corporation

prodi.

.

fund

fund
AI'SETS

Cash in banks, on hand, and in transit,.
Fund balances with ths U. S. Treasury »
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (- )
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (Foreign currencies
Other assets (net)

3,589

.

7

,

.

,

61

20

726

1,593

3

2,380

341

46,345

29,623

•

..

37
.

5,001

.

-696

-U,701
30

14!

4,502

)

Total assets

209

122,597

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)...

170

2,589

6,723
2,589 7/

MET DIVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the 0. S. Treasury...

Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

U. S.

U. S.

investment excl. interagency items.

Footnotes at end of Table S.

17
9

7,250

11

171

Total liabilities

Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)
Total United States interest

22, 339

13,816

36,599

23,170

--.-•-

7,250

-__

64,578

15,000

205,494
364

1,000

-83,443

9,841

12,298
-625

3^,011

7^~

-71 ,827

,

3o,599

.

5,752

13,7o8
.
,

64,578
-<i3,^3

-13,530

9.841

-71 ,827

34,011

-7,250

27,298
5.752
13,768

5,752
-..1

187

•-

•"

(Continued on following page)

:/,••

1"-.

March 1962
93

-CORPORATIONS AND CERTAIN OTHER BUSINESS -TYPE ACTIVITIES.

Table 2,

Section I - Statements of Financial Condition
Public Enterpri se Revolving Funds, December 31, 1961

(Continued)

(In thousands of dollars)

Commerce Dept.
(Continued)

Maritime
- (Cont.)

War risk
insurance revolving fund

Defense Department
Ir.terservice

activities

Wherry
Act
housing

Army Department

Air Force
Department
Defense
production

Defense
housing

guars:.

Defense
production
guaranties

partment

Defense
housing

Defense
production
guara-

ASSETS
Cash in banks, on hand, and in transit...
Pond balances with the U. S. Treasury 4
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 enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)
•

Total assets

2,592

113,865

2,991

5.48C

3,826

-^q-3

891,634

13,953

40

500,910

Total liabilities

Total United States interest

247,000

2,639

,639

Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

2,639

U,

S. investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

2,639

U. S.

investment excl. interagency items.

2,639

Footnotes at end of Table 8.

2,452

772,288

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)...

NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

793

3

143,724

390,724

13,953

891,634

13,953

247,000
143,724

13,953

39

13,953

"

10,460

13,953

•
.

40

13,953

(Continued on following page)

.

Treasury Bulletin

9k
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I
Statements of Financial Condition
Table 2.- Public Enterprl: e Revolving Funds, December 31, 1961
(in thousands of dollars)

(Continued)

March 1962
95

-COKPORATIONS AND CERTAIN OTHER BUSINESS-TYFE
ACTIVITIES.

Section I - Statements of Financial Condition
Table 2.- Publ lc Enterprise Revolving Funds, December
31, 1961
(in thousands of dollars)

Alaska
Railroad

Alaska
Railroad
revolving
fund

ASSETS
Cash In banks, on hand, and In transit...
Fund balances with the U. S. Treasury ij.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
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:
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)...

Total Liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-]

Total United States interest

Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

U. S.

U.

S.

investment excl. interagency items.

Footnotes at end of Table 8.

8,022

947
743

133,362
-22,798

.

(Continued)

Treasury Bulletin

96
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1961
(In thousands of dollars)

-

(Continued)

March 1962
.CORPORATIONS AND CERTAIN OTHER
BUSINESS-TOTE ACTIVITIES.

Section I - Statements of Financial
Condition
Table 2.- Pub] ic Enterprise Revolving
Funds, December 31, 1961

.

(Continued!

(In thousands of dollars

Treasury Department

Account

Bureau of
Accounts
Fund for payment of Government losses
in shipment

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury ij
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount {-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
][[[
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)
land, structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net )

- (Continued)

General Services Administration

Office of the
Treasurer

Treasurer of
check
forgery insurance fund
-

,

Expansion
of defense
production

Abaca
fiber
program

Reconstruction
Finance
Corporation
liquidation
fund

99

1,075

11

6

3

3,505

37

1,955

126,454

558

13,950
150

39

,676

99

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).
Total liabilities
MET INVEST MENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Nonlnterest-bearing investment:
Capital stock

Total United States interest
Total liabilities and investment

78
18,249

942
1,479,192

Total asset?

Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)

Expansion
of defense
production

J7.5CW

50

11,216

242
-1,017

5,210 11/

17,094

39

114,594

99

5,210

39

114,676

99

5,211

)

Treasury Bulletin
9S
ACTIVITIES.
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE

Section I - Statements of Financial Condition
December 31, 1961
Table 2.- Public Enterprise Revolving Funds,
(In thousands of dollars)
Housing and Home Finance Agency

Office of the Administrator
Account

ASSETS
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury 4/Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securitie s
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 agencie 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

29

24
378

7,826

902

881

,054,473

61 ,670

-1,326

-1,181

,104,340

65,827

1,126

430

3

1

-4

13,176
1

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)...

13,428

1,057

2,365

16,922

Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock

1

,1

"'.

1,720

'-

-.

Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)
Total United States interest

-2,307

,

-

-2,620

-'

36,597

Total liabilities and investment

1.104.340

05,327

36.597

ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

1,089,725
-2,307

66,727
-2,620

43,000
-6.403

U. S.

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

1,087,418

64,108

36,597

14,554

1,487

U. S. investment excl. interagency items.

1,101,972

65,595

Footnotes at end of Table

8.

Liquidating
programs

5,124

23,418

4,407

43,215

1

Public works
planning
fund

Public
facility
loans

housing
loans

1,087,418

.. ,

1

»

36,397

-

(Continued)

\

March 1962
99

-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

Section I - Statements of Financial
Condition
Table 2.- Publ 1c Enterprise Revolving Funds,
December
31,

-

1961

(Continued)

(In thousands of dollars)

Housing and Home Finance Agency (Continued)
Federal National
Mortgage Association

Special
assistance
functions

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury <*/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (- )
Acquired security or collateral (net)
Land
structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net

Management
and
liquidating
functions

Federal
Housing
Administration

338

615
6,172

4,545
60,890

20,398

75,027

752,964
6,493
-8,994

Veterans' Administration

Public
Housing
Administration

Canteen
service
revolving
fund

148,652

3,486
2,579

12

53

Direct
loans to
veterans
and
reserves

230
260,741

Loan
guaranty
revolving
fund

116
16,195

463

59
1.

,178

12,150
1,592

1,009

51

14,134

54

446

99

,945

16,149

2,769
686

1,096
5,424

3,871

1,507,909

-7,389
6,948

,

1_3_/

-24,052 14,

'

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)...

:->

:

13,392

1,711

1,165

95,357

1,309,313

436,484

2,771

138,302

-1,336

682
-358

439,099
4,123
-2,236

-3,831

45,277

57

1,591,235

1,549,341

248,495

15,034

20

480
10,463

141

51,974

107
1,235

668

1,739
5,323

320
705

343

116
17.347

2,047
20,230

392
67

262
479

..,976

6

34,755
574

236,161 12/

1,073

-6,482

)

Total assets

85

21,141

8,302

6,666
-3,170
103

608,574

20,893

10,574

20,823

118,810
191,062
10

703

Total liabilities

48,722

NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

40,011

155,4oo

505,620 1/

1,899

3,255

138,277

1,043,721

•<,-'

810
11.384

1,530,078

30,000

1,412,947

59,283

2,026
55,625 1/

1,000
1,179,574
246,505

363

-1,264,210

11,415

1,360

508,357

88,833

Total United States interest

1,875,500

1.551,225

1,043,721

192,869

11,778

1,531,438

597,190

Total liabilities and investment

1,924,222

1,591,235

1.549,341

248',

495

15,034

1,57',

3

608,574

ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

1,816,217
59,283

1,412,947
138,277

1,043,721

1,457,080
-1,264,210

363
11,415

1,530,078
1,360

508,357
88,833

1,875,500

1,551,225

1,043,721

192,869

1,531,438

597,190

-33,263
34. 755

-88,273
21.277

-6,629
123.076

-f2

,876,992

1,484,228

1,160,167

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

U. S.

U. S.

investment excl. interagency items.

Footnotes at end of Table 8.

1

(Continued on following page)

5

853

-53
370

20.823

193,710

12,095

1,552,261

597,190

'

Treasury Bulletin
100
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 2.- Public Enterprise Revolving Funds, December 31, 1961

(Continued)

-

___

(In thousands of dollBra)

Export-Import Bank of Washington

Veterans' Administration - (Continued)

Rental,
maintenance,
and repair
of quarters

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 4/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
structure s and equipment
Land
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

Servicedisabled
veterans'
insurance
fund

Soldiers'
and
sailors
civil
relief

Veterans'
special
term
insurance
fund

1

490

105

812

Vocational
rehabilitation
revolving
fund

Regular
lending
activities

689
1,987

14
281

85,280
1

,

'

-

1

401
3

1,453

49,558

11

35

32

570

99

3,683,236

351

-159

,

,

Liquidation of
certain Reconstruction
Finance Corporation assets

2.34-:

Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...

394

137

3,736,088

39
75

971

541

44
1,377

Total liabilities

18,476

28,710

19,017

29,68

5,742

278

NET INVESTMENT

United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenue s (- )

2,0

1,000,000

400

4,500

2,003

-21,175

-1,871

58,461

-16,675

132

2,342

137

4,500
-21,175

Investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

-16,675

investment excl. interagency items.

-16,675

-5
27

Total United States interest
Total liabilities and investment

ANALYSIS OF UNITED STATES DIVESTMENT
United States investment
Accumulated net income, or deficit (-)...
U. S.

U. S.

Footnotes at end of Table

8.

,10C

-5

27

1,162
-6

728,710

58,461

394

3,728,810

3,141

394

3,736,0

1,262

2,003
-1,871

400
-6

3,000,100
728,710

1,162

58,461

132

58,461

394

3,728,810

1,162

-1

83

(Continued on following page)

58,461

394

3,728,892

1,162

March 1962
101

-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

Section I - Statements of Financial Condition
Table 2.- Publ ic Enterprise Revolving Funds, December
31, 1961

-

(Continuedl

(In thousands of dollars)

Export-Import
Bank of
Washington (Continued)

Expansion
of defense
production

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury
'.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loan s re ce i vable
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)

Farm Credit Administration

Short term
credit
investment
fund 157

U

Total assets

Banks for
cooperatives
investment
fund

79,102

54,885

Total United States interest

Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

U. S.

U.

S.

investment excl. interagency items.

Footnotes at end of Table 8.

296

Federal Savings and Loan
Insurance
Corporation

Home Owners'
Loan
Corporation
( liquidated)

232
3,200

Panama
Canal
lompany

.

106,817

23

1,516

15,477

13

1

.

I,

-939

2,767
524

,047

45,000

.

423
-423

126
-126

1,849

467,465

-284,967

81

,058

130,000

185,919

483,540

142

4,386
58

455

301
41

5,016
2,525

22
32

944

1

5

316
18

887

1,757

Total liabilities

Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

Revolving
fund

396,500

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)...

NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...

Federal Home Loan Bank Board

26,578

406

3,057

329,862

130,000

,

J

-314,081

4,951

92

440,887 16/

185,919

92

440,887

.058

130.000

185,919

1.849

4^7, 46;

3,057
4,951

130,000

500,000
-314,081

8,008

130,000

185,919

8,008

25,907

yi

,:•..

.

457,639
-:c

483,546

329,862
440.887
92

440,887

-23

130,000

185,919

(Continued on following page)

368

37

6,102

437

40,924

460,919

Treasury Bulletin

102
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Table 2.

Section I - Statements of Financial Condition
Public Enterprise Revolving Funds, December 31, 1061
(In thousands of dollars)

-

(Continued)

I

March 1962
103

.CORPORATIONS AHD CERTAIN OTH2R
WSINSSS-TTPE ACTIVITIES,

Section
Table 3

•

I - Statements
of Financial Condition
Intragovernmental Revolving Funds, December
31, 1961

(In thousands of dollars)

Legislative
Branch

Total
Government
Printing
Office

Agriculture Department

Agricultural
Research
Service

Working
capital

Working
capital

fund

fund

Assgrs
Cash in banks, on hand, and In transit...
Fund balances with the U. S. Treasury if.

1,175
1,588,485

.

j

In ve e talents:

Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities (net)
(Advances to contractors and agents:
Government agencies
Other
'Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
llAccrued interest receivable:
On public debt securities
On securities of Government enterprises,
Other
Loans receivable:
Government agencies
Other
Allowance for losse e ( - )
.Acquired security or collateral (net)
iLand, structures, and equipment
Accumulated depreciation (-)
(Other assets (net)
,

Forest
Service

232

7,258

Commerce Department

Working
capital
fund

Working
capital
fund

-

capital
fund

3

587

2,673

11,129

310
13,754

795,010
33,453
6,772,546

National
Bureau of
Standards

129

42
54

12,858

420

2,222

28,712

99

3,627

544
39
258

6,533
287
3,546

500,966
-224,150
100,196

32,013
-12,747
276

560
-318

36,976
-17,422
43

939
-573
19

64,598
-21,156
4,323

9,581,701

68,615

1,348

28,208

333,835
322,530

139
5,243

83
50

256

247
107,365

51

33

773

405

2,187

487

11,212

14

1

83

-42

460
66

,

,

(Total assets

LIABILITIES
-Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies

68,376
12,830

1,349

69,357

141

57

74

1,156

1

2,916
214

1,697

71

122

7

225,676

2.937
12,312

637

47 3
2,522

300
266

20,686

145

4,999

590

-316

5

Other:

Guaranteed by the United States
Not guaranteed by the United States..
Other liabilities (including reserves)...
'Total liabilities

,

1,073,989

105

203

2,071

517

16,688

400
526

6,825
45,570

100
252

167

274

372

724

NET INVESTMENT
united States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues ( -)
i

-1,567,751 2/
15,246,876
8,875
-5,180,288

Total United States interest

8,507,712

Total liabilities and Investment

9,581,701

ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net Income, or deficit {-)...
Total United States investment including
Interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
Total United States investment after
exclusion of interagency items
"ootnotee at end of Table 8.

1,000
33,815
9,085
12,403

56,303

I76TT

13,688,000
-5,180,288

43,901
12,403

8,507,712

56,303

1,348

25,685

1,093

52,669

28,208

1,610

69,357

929

52,395
274

352
372

566
145

20,686
4,999

926
167

25,685

1,093

52,669

724

-544

-460

143

-6,575
11,269

692

57.363

405,374

-12,858
1,888

-420
155

-2,222
776

8,117,765

45,333

446

^4,239

-795,321

(Continued on following page)

,

Trcasurii Bulletin

10*4-

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1961

(Continued)

-

(In thousands of dollars)

Defense Department

Stock
fund

ASSETS
Caah in banks, on hand, and In tranBlt...
Fund balances with the U. S. Treasury 1
Investments:
Public debt securities (par value)
Securities of Government enterprises...
unamortized premium, or discount (-)...
Other securities (net)
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agenc lee
Other (net)
Inventories
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprlsee
Other
Loans receivable:
Government agencies
Other
Allowance for loeseB (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation ( -)
Other assets (net)
.

Total assets
LIABILITIES
Accounts payable:
Government agenc le s
Other
Accrued liabilities:
Government agenc lee
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United StateB..
Other liabilities (including reserves)..,

Industrial
fund tj

Navy Departmi

Army Department

Air Force Department

Stock
fund

Industrial
fund 4/

y

Corps Df
Engineers

Stock
fund

16

220,843

21,215
623
7,500

65,080

3,817,196

22,274
1,686
110,403

126

84,357

1,589

-121,358
54

U-0

705,324

148,371

4,719,188

309,241

182,439

2,114,301

46,271

38,419
27,348

125,805
60,798

5,011

18,889

995
9,462

90,202
33,417

60,712

542,388

107,953
4,045
314,173

77,683
8,504

265,776

3,295

274,179

173,290

!2,7

3,759

5,213

1,679

1,812,731

241 ,700

8c

393

-•':'-'

22,967

1,412

777
6,827

-4,067

-15,114

12,980

37.228

41.988

13.483

Total liabilities

128,596

62,212

199,583

85,507

60,050

137,102

NET INVESTMENT
united StateB interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Nonlnterest-bearlng investment:
Capital stock
Appropriations
Capitalization of assets (net)

141,300 5/
622,009

81,000
-867

-2,685,843
11,306,504

206,930
16,067

24,525

336,587

6,025

-4,101,056

Other
Accumulated net Income, or deficit (-)
Deposits of genersl and special fund
revenue s (-)
Total United States interest

-186,581

-824,015

576,728

36,158

4,519,605

223,734

i22,3e9

1.977.199

148,371

4,719.188

309,241

182.439

J. 114.301

763,309

80,133
6,025

8,620,661

222,997
737

120,107
2,282

2,801,214
-824.015

576,728

86,158

4,519,605

223,734

122,389

1,977,199

-107,953
46,271

-77,683
38,419

-265,776
125,805

-22,274

-65,080

5,011

-21,215
1,772

46,895

4,379,634

206,472

102,946

2.002.321

-186,581

Total United States investment Including
Interagency Items
Interagency Items:
Due from Government agencies (-)
Due to Government agencies

Footnotes at end of Table 8.

,,627

705,324

Total liabilities and Investment
ANALYSIS OF UNITED STATES INVESTMENT
United States Investment
Accumulated net income, or deficit (-)..

Total United States Investment after
exclusion of Interagency items

y

515,045

(Continued on following page)

y

March 1962
105

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

Section I - Statements of Financial Condition
Table 3.- Intragovernmental Revolving Funds, December 31, 1961

(Continued)

(In thousands of dollars)

Defense Dept.
(Continued)

Health, Education, and Welfare Department
Public Health Service

Navy Dept. (

Continued) }J

Marine Corps
stock fund

Service and
supply fund

Narcotic
hospitals

Working
capital fund

Office of
the Secretary

Working
capital fund

Interior
Department

Office of
the Secretary

Working
capital fund

Justice
Department

Labor
Department

Federal
Prison
Industries,

Office of
the Secretary

Inc.

Working
capital 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 (net)
Advances to contractors and agents:
Government agencies
.

.

1,184

27
3,547

405

.

Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventor le s
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprises.
Other
Loans receivable:
Government agencies
Other
Allowance for losses (-)
Acquired security or collateral (net)
Land, structures, and equipment
Accumulated depreciation (-)
Other assets (net)
Total assets

i

38,691

LIABILITIES
Accounts payable
Government agencies
Other
Accrued liabilities:
Government agencies
ther
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, snd notes payable:
Government agencies
Other:
Guaranteed by the United States
Not guaranteed by the United States.
Other liabilities (including reserves)..
Total liabilities

290
789
92
268,951

630

99

69

282

1,528

328

167

117

302
-154

437
-268

321

271

-156

-132

-6,896
23

716

36,157

755

309,569

19

3,495

709

767

56
35

10,91:

7,275

158
126

39
89

4,051
16
10,182

20,2

10

633
1

,292

113

1

70

367
-184

_2X

60
73

25

-227

43
61

JZ2_

JZ8_

467

205

81

222

300
182

380

136

1,526

"4

19,713

139
19

47

517

_aa_

2,600

NET INVESTMENT
United States interest:
Interest-bearing Investment:
Capital stock
Borrowings from the U. S. Treasury...
Other
Honlntsrest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-).
Deposits of general and special fund
revenue s (-)
Total United States interest...
Total liabilities and investment.
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
Total united States investment Including
Interagency Items
Interagency items:
Due from Government agencies (-)
Due to Government agencies
;Total United states Investment after
exclusion of Interagency items
Footnotes at end of Table 8.

-117,500 jy
577,650

450
1,591

134

5,764

288

27,793

51

-170,295

346

289,856

2,387

595

358

510

3,495

826

716

36.157

309,569

709

460,150
-170,295

2,041
346

215
380

222
136

482
28

27,793

289,856

2,387

-789
10,912

-630

299,979

1,757

(Continued on following page

339

288
51

Treasury Bulletin

106
.

Table 3.

COKFOHATKHIS AHD CERTAIH OTHER BOSIKESS-TYFE ACTIVITIES.

Section I - Statements of Financial Condition
Intragovernmental Revolving Funds, December 31, 1961
(In thousands of dollars)

(Continued)

,

March 1962
107

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

Section I - Statements of Financial Cond it ion
Table 4.- Certain Other Activities, December 31, 1961
fin thousands of dollars)

Agency for International Development 1/

Agriculture Department

Commerce
Department

Loan programs
Foreign
currencie
2/

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U, S. Treasury ij
Investments}
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
A:counte and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued Interest receivable:
On public debt securities
On securities of Government enterprise:
Other
Loans receivable:
Government agencies
Other: U. 5. dollar loans
Foreign currency loans
Allowance for lo sse s (- )
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
C ther assets
(net)

!

I

;

I

1

'

Total assets

U.S. dollar
loans

2,065
3,258,388

6,960

Administration

y

Rural
Electrification Administration

Maritime
Administration

59

421

58,751

20,373

296
432,937

81

172
8

5,407

5,280,305
15,408
6,772

8,977
1,773,117
7,155,128

52
9
97

26

5,159

1,890

156,547

1,239

1,668,399

273,425

3,458,380

3,210
137,801

-3,571
70
1,964
-1,151

-9,090

18

11,897
4,875

20
270,731

405,589
3,210
9,156,995
2,116,375
-16,452
70
6,895,341
-921,160
201,378
1,116,354

36.734.016 BJ

L1AB LIT DLii
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencie s
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).,.

Foreign
currency
loans

Farmers'
Home

26,404

2,051,

694
-293

V

4,36C,236
-773,417 6/

201 ,378 1/

27,350

201.378

31,040

14

331,611

2,078,300

3,627,138

4,210,311

36

19
31 ,630

I

'

Total liabilities
NET INVESTMENT
United States interest:
Interest-bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Nonlnterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income, or deficit (-)
Deposits of general and special fund
revenue s (- )

20,768
63,187

31

7,090

13,022
167,647

270
1,992

1,696
545

60,601

60,609
23
890
1,246

25,514
17,051

18

144,545

3,296

27,350

4,666

1,099

6,663

512,365

3.296

34,440

9,073

3,714

252,346

1,093,336

200,177

3,423,411

2,054,875

610,012

299,035

23,191

6,176

612,268
-17,914
-4,663
-215,104

-3,061

-36,095

-252,226

-1,561

-994,583

3,623,4.'..

3,957,955
4,21

4,716,924

19,897,473
5,057,824
10,847,513
-2,463,324

201,326
51

-1,834,758

Total United States interest

36.221.651

201.378

2.075.005

1.673.429

36.734.016

201.378

2.078.300

1,707,870

331.611

3,627,138

Total liabilities and investment

AHALYSIS OF UNITED STATES INVESTMENT
Jnited States Investment
-cumulated net income, or deficit (-)..

38,684,976
-2,463,324

201,326

2,051,814
23,191

1,667,253
6,176

537,642
-215,104

3,719,801
-96,376

2,075,005

1,673,429

322,538

3,623,424

-52

-26

J. S.
investment lncl. interagency items
Interagency items:
Due from Government agencies (-)
Due to Government agencies

S.
r

investment excl. interagency items

ootnotes at end of Table

36,221,651

5J_
201,378

-298,327
119.912

36,043.237

1,161

201,378

2.075,005

(Continued on following page)

1,680,519

323,646

2,765,232
4,953,414

-1,084
-96,376

322,538

A

624
9,841

289

3,625,420

.

••
.

3,957,965

e

:

Treasury Bulletin

10S
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1961 - (Continued)
(in thousands of dollars)

Interior Department

HEW Department

Office of
Education
Loans to
students
(World War II)

ASSETS
Cash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury £
Investments;
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
Loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net'

.+

49

134

472
-112

1

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 agencie s
Other: Guaranteed by the U. S
Not guaranteed by the U. S
Other liabilities (including reserves)...

Total liabilities

Total United States interest

ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

D. S.

U. S.

investment excl. interagency items.

Footnotes at end of Tabl

,-

:

150
10,537
4,601

Total assets

Total liabilities and investment

tration

32,0U

.

NET INVESTMENT
United States interest:
Interest-bearing investment
Capital stock
Borrowings from the U. S. Treasury...
Other
Noninterest -bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-).
Deposits of general and special fund
revenues (-)

Bonneville
Power
Adminis-

-446

Southeastern
Power
Administration

Justice Department

Southwestern
Power
Administration

Immigration
and Naturalization
Service

Legal
activities
and general
administration

1

:

_

>

March 1962

109

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1961 - (Continued)
(in thousands of dollars)

Treasury
Department

General Services Administration

Miscellaneous
loans and
certain
other assets

ASSETS
Gash In banks, on hand, and in transit...
Fund balances with the U. S. Treasury
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securltie s
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable:
Government agencies
Other (net)
Inventories
Allowance for losses (-)
Accrued interest receivable:
On public debt securities
On securities of Government enterprises
Other
loans receivable:
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land
structures, and equipment
Accumulated depreciation (- )
Foreign currencies
Other assets (net)

Public Works
Administration (in
liquidation)

U

Strategic
and critical
materials

38,903

666,865

12

5,279,311

3

22

103

1,724,893 12,

270,731
208,879

3,307,879 VJ

3,492
7,126,421

1,790,830

13,572

10,176
95

1,044
6,408

28

4,545
17,924
948

1,208
23
16,984

64

Agent for
certain mutual
security act
loanB

3,189

2,864

64,130

146,071

101,800 157

63,106

1,318,133

10,791,715

15
2

638

7,168,981

552,509

2,612

637,629

237,232

2,759,933

2,606,238

4,259
9,836

1o

11

11,353

26

3,399
7,798

379
1,180

5,593
70

977

425

62,365

13,044

I,

938

5,141

5,026

Total liabilities

Total United States interest

11/

Export-Import
Bank of
Washington

992

12/

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)...

NET INVESTMENT
United States interest:
Interest -bearing investment:
Capital stock
Borrowings from the U. S. Treasury..
Other
Noninterest-bearing investment:
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net income, or deficit (-)
Deposits of general and special fund
revenues (-)

Civil
Service
Commission

357

,

Total assets

All
other
10/

National
Aeronautics
and Space
Administration

i

,:

16,295

152,12

205

41

51,474

2,613

205

1,792,373

12,599

161,000

762,391

1,083

10,311,487
64,130

7,163,954

.

,677,907

3,419

480,228
-12,500

10,791,715

2,677,907

2.554,764

151,919

7.1o3,954

13,682

04,130

2,759,933

2,606,238

16,295

152,124

Total liabilities and investment

10,791,71?"

64,130

7,168,981

ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...

7,163,954

,677,907

13,682

64,130

2,554,764

10,311,487

148,500
3,419

2,554,764

151,919

7,163,954

2,677,907

13,682

64,130

,180,228

investment incl. interagency items.
Interagency items:
Due from Government agencies (-)
Due to Government agencies

10,791,715

investment excl. interagency items.

10,520,961

U. S.

U. S.

Footnotes at end of Table 8.

-270,753
64,130

-116
1.202

-14,721

9.400

-2,253
19.208

-15
1.367

2,672,586

2,571,720

15,034

7,165,041

(Continued on following page)

110
nnppriTiATTriNS

ai

:

t:

:

—

March 1962

111
.

CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 4.- Certain Other Activities, December 31, 1961 - (Continued)
(In thousands of dollars)

Small Business Administration

Selective
Service
System

ASSETS
Cash in banks, on hand, and in transit...
Fund balances with the U. S. Treasury 4/.
Investments:
Public debt securities (par value)
Securities of Government enterprises...
Unamortized premium, or discount (-)...
Other securities
Advances to contractors and agents:
Government agencies
Other
Accounts and notes receivable
Government agencies
Other (net )
Inventories. ....
Allowance for losses (-)
Accrued interest receivable
On public debt securities
On securities of Government enterprises
Other
Loans receivable!
Government agencies
Other: U. S. dollar loans
Foreign currency loans
Allowance for losses (-)
Acquired security or collateral (net)....
Land, structures, and equipment
Accumulated depreciation (-)
Foreign currencies
Other assets (net)

22,661

16,355

Grants for
research and
management
counseling

652

United
States
Study
CommissionTexas

463

4
34

Total assets
LIABILITIES
Accounts payable:
Government agencies
Other
Accrued liabilities:
Government agencies
Other
Advances from:
Government agencies
Other
Trust and deposit liabilities:
Government agencies
Other
Bonds, debentures, and notes payable:
Government agencies
Other: Guaranteed by the U. S
Not guaranteed by the U. S.
Other liabilities (including reserves).

Salaries
and
expenses

7,133
-3,155

1,591

26,642

17,999

2,542

855

28

652

492

19

28
1,445

<

1

651

.

Total liabilities
NET INVESTMENT
United States interest:
Intere st-bearing inve straBnt
Capital stock
Borrowings from the U. S. Treasury.
Other
Noninte re st-bea ring inve stment
Capital stock
Appropriations
Capitalization of assets (net)
Other
Accumulated net Income or deficit (Deposits of general and special fund
revenues (-)
Total United States interest

1,038

711

36

47

9,437
12,523

651

40

9,616

3,825

3,909

1,865
28

-3,908

-1,442

39,108
3,978

1,652

-20,060

,

452

Total liabilities and investment
ANALYSIS OF UNITED STATES INVESTMENT
United States investment
Accumulated net income, or deficit (-)...
•

-

U. S. Investment lncl. interagency items

Interagency items:
Due from Government agencies (-)
Due to Government agencies
U. S. investment excl.

interagency items.

Footnotes at end of Table 8.

23,026

5,477

26,642

17,999

43,086
-20,060

5,477

23,026

5,477

3,909
-3,908

1,893
-1,442

452

-4

1,038
24,063

740
479

6,213

Treasury Bulletin

112
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
Table 5.- Certain Deposit Funds, December 31, 1961
(la thousands of dollar*)

j

March 1962
113

-CORPORATIONS AND CERTAIN OTHER
BUSINESS-TTRE ACTIVITIES.

Section
Table

(

I

-

114
nnpp

March 1962
115

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACT
IVITIES.

Table 7.-

Section 1 - Statements of Financial Condition
Loans Outstanding December 31
1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans!/
Part A.- Activities Reporting on a Quarterly Basis
,

V
Treasury Bulletin

116

I

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
\

Section I - Statements of Financial Condition
Table 7.- Loans Outstanding December 31, 1961, Excluding Interagency Loans and Those Made by
Deposit and Trust Revolving Funds, Classified by Types of Loans - (Continued)
Part A.- Activities Reporting on a Quarterly Basis - (Continued)
(In thousands of dollars)

.

March 1962

U7
-CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

w,

„

.

n

Section

I

-

Statements of Financial Condition

Part B.- Activities Reporting on an Annual
Basis

2/

(in thousands of dollars)

United States dollar loans

Type of loan and lending agency

Certain other activities
To aid industry:
Loans to railroads:
Other purposes:
Interstate Commerce Commission
Other loans:
Other purposes:
Interior Department:

Foreign currency loans 3y

14,375

Office of Minerals Exploration

371

Total to aid industry

14,746

To aid States, Territories, etc.:
Health, Education, and Welfare Department:

Public Health Service
Interior Department:
Bureau of Reclamation
Office of Territories:
Alaska public works
National Capital Planning Commission

34,711 8/

Total to aid States , Territories , etc

52,673

686

16,775
500

Foreign loans:
Military assistance credit sales:
Defense Department:
Air force Department
Army Department
Navy Department
Other purposes:
Agency for International Development

Total foreign loans

S.944
32,476
98,462
18,169 6/

139,882

,

Other loans:
Health, Education, and Welfare Department:
Office of Education:
Loans to students in institutions of higher education
Loans to institutions and nonprofit schools
Interior Department:
Bureau of Indian Affairs:
Loans for Indian assistance
State Department:
Loan to United Nations
Emergency loans to individuals
Veterans' Administration:
Insurance appropriations policy loans

%

which Treasury sells such currencies to Government agencies)

'
.

'

45,000
942

758
226,005

433,306

Total loans

In accordance with an amendment issued June 23, 1960, to Department
Circular No. 966, purchase money mortgages and similar long-term paper
held by the agencies are now classified as loans receivable and are
included in this table. Prior to June 30, 1960, these assets had been
classified as accounts and notes receivable or other assets.
Does not include foreign currency loans.
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 currency are valued at the market rates (i.e., the rates of exchange at

-

176,439
2,836

Total other loans

v

'

V
%
6/

U

8/

18,169

Includes certificates of interest.
Public enterprise revolving fund.
Certain other activity.
Certain executive departments and activities are submitting financial
statements on an annual basis as of June 30, pursuant to Supplement
sheets as of
No. 1 to Department Circular No. 966. Complete balance
December 31, 1961, were not submitted, but the agencies that had
outstandthe
on
reports
submitted
loans receivable as of that date
ing amounts which are shown in this part of the table.
As of June 30, 1961, the latest available.

US

Treasury Bulletin
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.

Section I - Statements of Financial Condition
8.Outstanding by Periods for All Business-Type Activities
Loans
Table
Excluding Interagency Loans but Including Foreign Currency Loans
Part A.- Classified by Types of Loans
(in millions of dollars)

To aid home owners

To aid agriculture

End of
period

rotal
1/

Total
to aid
agriculture

Agricultural
credit
corporations

Cooperative
associations

Crop, livestock, and

commodity
loans 2/

Other

Total
to aid
home
owners

515.9
530.1
549.6
588.8
647.2
634.1
275.3
314.2
359.2
454.0
504.5
558.5

21.6
25.5
30.9
34.2
39.5
44.6
392.5
448.2
447.3
452.0
486.1
530.9

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
7,563.6
7,763.2

508.8

23.4
30.9
37.3
38.4
49.2

Farm
mortgage
loans

Mortgage
loans

Other

.-iscal years:

195=
1951

1952
1953
1954.

1955
1956
1957
1958
1959
1960
1961

Calendar years
1950
1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

Current quarters:
1960-Harch
September
1961 -March
September

31..
30..
31..
30..

12,771.7
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.9
22,893.4
27,510.7
29,568.3
31,527.1

3,773.3
3,674.7
4,058.2
4,996.6

13,413.2
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
34,849.2

3,884.1
4,161.3
5,070.3
6,810.5
6,929.2
6,715.4
6,785.4
6,681.1
8,684.9
7,762.5
B.299.S
9,453.1

28,507.8
30,469.2
31,393.9
32,771.3

8,178.1
8,191.1
8,817.3

573.7
751.7
865.8
823.9
774.0
844.6
894.4
996.5
1,227.0
1,547.4

6,389.1
6,361.7

6,789.6
6,827.5
6,913.4
8,489.7
7,797.5
8,428.3

'

,697.8

1,832.2

507.1
629.1
671.3
589.8

635.6
686.5
733.6
928.8
1,160.5
1,396.4
1,502.0
1,651.2

1,499.1
1,699.6

1,626.6
1,844.2

Total
to aid
industry

Fiscal years:
1950

626.0
603.1
549.4

1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

Loans to
railroads

614.6
426.7
438.5
626.9
639.6
654.2
716.8
753.6
727.7

113.0
104.7
85.2
78.6
11.9
12.7
12.7
12.3
8.0
7.5
7.2
6.7

568.0
589.1
597.6
587.8
431.3
678.3
619.3
673.9
679.9
732.8
748.0
797.9

109.9
100.7
81.9
79.0
11.5
11.2
12.5
10.3
7.8
7.4
7.0
32.7

739.1
759.7

7.2
7.0
6.9
18.3

Calendar years
1950
1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

Current quarters:
1960-March
September
1961 -March
September
Footnotes on page 121.

31.
30.
-

737.4
748.3

Ship
mortgage

y
y
u
221.0
218.6
191.0
173.8
155.2
136.8

y
y
v.
u
260.7
219.3
216.8
186.6
165.7
151.4
128.2

158.1
154.4
139.1

133.5

1,892.5
2,171.5
2,341.1
2,468.6
2,589.6
2,721.7
2,954.1
3,152.0
3,394.2
3,715.4
3,948.3
4,168.0

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
1,752.8
1,871.3
2,486.2

3,759.3
3,836.4
4,006.7
4,066.9

1,943.7
1,644.3
2,121.9
1,731.0

Total to
aid financial
institutions

loans

a'

437.7
1,216.5
2,460.5
2,234.0
2,452.9
2,089.2
1,688.2
2,526.9
1,360.7
1,532.3

1,003.1

517.1
566.7

597.6
628.7
596.4
289.8
357.5
399.5
484.3
530.4
608.5

366.2
401.9
396.7
413.5
447.5
539.2

483.6
488.7
524.9
548.2

7,853.8
7,948.3
7,903.9

41.:

492.3
522.1
537.2

590.4

Insurance
companies

515.0
498.4
464.2
535.9
414.7
425.8
393.2
408.6
455.2
535.5
591.3
584.2

453.6
824.5
653.0
718.5
677.9
1,019.2
1,180.6
1,086.6
933.7
1,538.9
1,801.5
1,915.6

458.1
488.5
515.7
508.8

824.3
814.2
864.5
951.8
869.8
1,419.0
1,235.5
1,272.3
1,300.6
2,136.1
2,027.3
2,708.3

2.3
3.5
7.3
7.2
2.3
1.8
46.5
46.1

1,522.1
1,782.8
1,525.2

46.7
48.5

2,170.4

46.1

419.8
406.5
387.5
446.9
485.5
559.7
589.6
637.0

573.8
598.3
591.4
596.5

.1

13.6
13.7

.1

5.1

2.8
2.2
7.2
7.2
4.2
1.8
31.7

1.8

{Continued on following page)

4.5
3.7

3.4

14.0
13.4
4.9
4.5
3.7
3.1

1,528.1

2,141.6
2,603.3
2,930.0
2,906.8
3,204.4
3,771.4
4,768.6
4,860.3
6,735.1
8,032.2
8,248.3

To aid financial institutions

To aid industry
End of
period

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
3,748.2
3,974.4

Mortgage
loan
companies

6,998.1

To aid
States,
Territories,
etc.

1,290.7
1,809.1

.0

2,387.3
2,914.1
2,814.2

.1

3,( •-•-

.3

.1
.1

3,302.7
4,276.0
4,473.5
5,641.6
7,247.0
7,371.9

1,525.2
2,141.4
2,603.2
2,929.9
2,906.6
3,204.1 37
3,683.1

4,642.0
4,671.8
6,462.1
7,679.1
7,807.9

6,703.7
7,616.2
7,580.7
7,488.8

Foreign
loans

U 5/

437.4
810.7
647.9
713.9
671.4
1,013.5
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4

422.9
560.9
732.5
732.7
332.3
255.2
226.8
243.0
270.9
310.0
348.9
402.8

6,116.3
6,151.1
7,617.0
7,798.4
7,964.8
8,032.4
8,171.6
8,300.2
9,046.2
9,924.7
10,266.8
10,991.2

810.2
800.7
859.6
947.2
863.8
1,412.4
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
2,662.2

468.O
712.3
1,020.2
644.6
271.7
244.9
246.0
264.0
293.4
318.8
369.1
423.1

6,077.8
6,110.3
7,736.2
8,042.6
8,000.5
7,988.3
8,223.5
8,753.7
9,509.7
9,840.0
10,483.6
11,753.9

1,520.3
1,736.1
1,476.6
2,124.3

316.1

9,971.9

424.9

10,344.1
10,761.3
11,337.2

373.1

436.2

.2

2,

74 92/
104 5
154 7
231

1

316 6
391 .3

3.0
.3
.1
.1

.2
.3

88.3
126.6
188.5
273.0
353.1
440.4

V

294.4
337.6
367.6
415.1

Cther
loans

61.9
65.7
68.4
88.5
138.7
218.6
174.3
335.5
446.8
658.C
1,036.3
1,298.3

62
66
74
118
166
256
210
341

522

752
1,162
1,464,

782.5
1,112.9
1,231.4
1,394.5

:

:

::

'

March 1962
119

.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE
ACTIVITIES.

Section I - Statements of Financial Condition
Table 8.- Loans Outstanding by Periods for All Business-Type
Activities
Excluding Interagency Loans but Including Foreign Currency
Loans - (Continued)
Part B.- Classified by Agencies
(In millions of dollars)

Agency
for
International
Development 8/

Total

End of period

V

Fiscal years:
1950

12,771.7 16/
13,689.4
16,066.0
17,863.4
18,743.8
19,420.5
20,547.5
21,812.8
22,893.4
27,510.7
29,568.3
31,527.1

1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

Calendar years:
1950

13,413.2
14,595.1
17,966.7
20,086.0
19,575.5
20,506.3
21,091.5
22,755.6
25,851.1
28,277.7
31,122.6
34,849.2

1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

Current quarters
1960-Mar.
5T.
Sept. 30..
1961 -Mar.
31..
Sept. 30..
.

28,507.8
30,469.2
31,393.9
32,771.3

Agriculture Department

Development
loan
fund 2/

u
1,457.2
1,529.7
1,543.5
1,691.6
1,885.5
2,111.3
2,436.7
2,894.2
3,263.1
3,655.5

W

1.5
67.0
262.1
513.5

U
4/
1,514.3
1,536.8
1,623.9
1,766.8
1,994.6
2,194.8
2,682.3
3,042.6
3,381.9
4,433.1

3,115.0
3,310.0
3,531.7
3,737.3

5.9

159.3
378.8

217.4
304.9
434.9
570.8

End of period

Management and
liquidating

Secondary
market

Special
assistance

12/

Commerce
Dept.

Rural
Electrification
Administration

922.7
354.0
389.7
1,162.6
2,367.9
2,137.4
2,319.0
1,994.3
1,600.0
2,480.3
1,347.0
1,522.8

555.8
564.7
593.5
645.4
753.9
769.6
810.6
866.5
902.7
962.6
1,013.1
1,110.6

,412.7
,644.2

897.8
782.3
1,426.4
3,075.9
2,980.9
2,620.8
2,348.9
1,778.1
3,298.4
1,745.0
1,876.6
2,506.5

535. 4

538.7
596.3
648.1
700.5
681.3
757.6
832.1
841.8
915.9
983.9
1,139.9

1,543.0
1,742.1
1,919.7
2,096.0

1,928.9
1,633.8
2,114.4
1,729.9

1,001.5
1,031.5
1,081.1
1,151.9

Housing and Home Finance Agency-(Cont
Federal National
Mortgage Association 17/

Farmers
Home
Administration

Commodity
Credit
Corporation

.)

Public
Housing
Administration
18/

Maritime
activities

Expansion of
defense
prod.

HFC (In
liquidation)

11/

Expansion of
defense
prod.

6/
a"

013.8
,164.0
,285.6

7/

7.0
10.1

276.1

270.4
235.0
208.0
179.1
152.3

367.4

6/
6/
6/

U

11.9
14.5
16.9
18.8
14.6
14.3
13.3

260.7
276.5
265.4
226.3
195.2
171.3
141.3

184.7
176.5
156.4
147.6

14.3
13.6
13.4
13.0

,488.

2,687.6
2,874.4
3,082.7
3,287.3
3,458.4

3,139.8
3,236.4
3,329.1
3,409.0

151.2
170.9
185.4
180.2
181.7
169.4
162.9
121.6

202
116,

70,

12/

209.1
143.2

89.4

3,604.2
3,552.9
3,507.1
3,557.5
3,469.9
3,406.3
3,353.3
3,318.8

164.7
161.8
158.7
131.2

3,405.5
3,406.6
3,356.7
3,362.8

Office

89.1
87.1

.1

87.2

26.1
40.5

87.1

86.7
85.9
84.9
83.8
82.6
81.5
80.3
79.1
163.1
165.5

78.8
163.1

163.4
167.4

Export -Import Bank Farm Credit Administration
Fed. Home
of Washington
Loan Bank
Federal Board
Federal
Banks
Loan
ExpaninterFarm
Direct
for
guaranty
sion of
Mortgage mediate Fed. home
cooperloan
revolving defense
Corpora- credit loan
atives
program
fund 12/
prod.
tion 20/ banks
banks

Veterans
Administration

tration

w

32.6
43.3
59.2
99.3
229.4
308.2
456.7
477.2
679.5
905.4
,116.8

81.1
79.9
162.7
165.9

1,651.6

Federal

of the
Housing
Adminis, Adminis-

86.8
86.5
85.6
84.5
83.4
82.3

3,695.9
3,651.1
3,601.0
3,555.2
3,509.5
3,522.5
3,470.5
3,406.2
3,369.4

146.8
162.6
185.8
178.6
177.5
176.3
164.9
161.7
126.5

Housing and Home
Finance Agency

trator
14/

12/

3,779.6
3,779.6
3,697.0

5.1

8.9
11.0
13.2
15.8
18.0
14.7
14.3
13.6
12.7

2,225.8
2,348.0

Other

General
Services
Administration

3,780.1
3,779.6
3,742.3

y

,831 .2

,413.2
,585.8
,773.6
,973.5
186.5

.

Treasury Department

Interior
Dept.

20.1

23.2
32.5
37.4
43.9
56.6

166.7
202.2

20.2
29.5
35.0
40.5
48.3
67.4

42.2
78.2
192.2
264.3
352.4
356.7
570.1
835.1
1,007.7
1,243.3

183.3
236.2

859.9
995.1
1,056.0
1,184.9

175.6
190.3
217.3

1

ReconSmall
strucBusiness
Other
tion
AdminFinance
22/
Corp.

IV

istration

21/

Ml

-

i3cal years
1950
1951

1952
1953
1954
1955
1956
1957
1958
1959
1960
1961

1,055.6
1,578.9
2,068.1
2,497.8
2,301.2
2,584.5

2,495.6
2,356.5
2,218.5
2,030.4
1,726.5
1,587.1

,828.8

320.7
464.1
623.7
634.9
252.2
99.5
90.1
94.2
91.3
89.1
93.1
97.5

328.6
412.8
463.8
640.4
745.6
893.8
1,146.7
1,309.3

11.0
22.7
33.7
44.2
55.6
68.2
91.2
129.2
190.0
272.8
351.3
436.5

944.0
1,096.3
1,190.4
1,256.2

293.8
336.0
365.3
411.9

9.1

233.4
1,248.1

1,393.6
1,573.8
2,600.5
2,522.3

.4

24.6
164.2
,211.1
,690.1

59.4
132.3
207.4
298.2
370.2
433.3
521.3
694.1
824.7
1,054.9
1,228.7

6.9
17.2
28.3
39.5
50.8
60.5
78.3
1

)6.a

156.8
231.8
315.6
388.5

.1

.4

13.1

22.3
30.3
36.5
32.4
28.4
24.4
15.1

2,233.3
2,321.6
2,388.9
2,547.0
2,761.8
2,773.6
2,681.5
2,630.2
3,061.3
3,486.6
3,268.0
3,414.9

245.1
312.1
343.1

324.3
309.2
321.7
349.1
384.3
410.0
525.9

52.9
39.7
29.3
21.6
15.9
11.6

553.1
596.7

3.9
2.2

2,226.5
2,296.0
2,496.1
2,833.3
2,806.2
2,702.2
2,663.1
3,005.6
3,332.1
3,231.3
3,290.5
3,893.8

345.5
424.8
424.0
377.3
366.7
375.1
457.1
454.5
511.3
622.9
650.1
697.1

45.5
34.0
24.9
18.4
13.4
11.6

3,239.5
3,263.6
3,370.9
3,627.0

608.8
591.2
667.0
645.7

574.2
754.1
865.7
823.8
773.9
846.6
897.7
996.5
1,227.0
1,547.4
1,697.8
1,830.9

442.8
816.2
652.7
718.3
675.1
1,016.9
1,173.4
1,079.4
929.5
1,537.1
1,769.8
1,869.4

945.9
809.6
716.2
775.9
379.6

510.2
633.0
673.3
590.2
637.7
689.4
733.6
928.8
1,159.0
1,395.9
1,501.7
1,651.2

816.0
805.9
864.2
951.6
867.5
1,416.8
1,228.2
1,265.2
1,298.3
2,134.3
1,980.8
2,662.2

816.0
771.1
762.8
589.5

1,499.1
1,698.1
1,625.7
1,844.2

1,520.3
1,736.1
1,476.6
2,124.3

2.2

34.9
85.1

154.8
245.5
346.6
393.7
466.O

('Calendar years
I"

195C
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
1961.

current quarters
1960-Mar.
JT.
Sept. 30.
1961 -Mar.
31.
Sept. 30.

2,461,
2,555,
2,417,
2,289,
2,124,
1,949,
1,659,
1,507,

85.7
648.7
1,635.8
1,380.7
2,049.8
2,903.0
2,871.9

5.6
72.2
418.6
1,568.4
1,779.1
1,881.2

369.3
609.3
922.4
544.5
113.2
92.9
106.0
105.4
95.9
87.4
99.3
95.4

1,759.0
1,694.3
1,626.4
1,551.3

2,370.4
2,806.5
2,769.8
2,605.6

1,630.0
1,735.8
1,799.7
1,856.3

91.4
136.8
95.7
111.2

1,346,

1,849
2,241
2,461

Footnotes on page 121.

112.7
164.
257.1

.2

7.9
19.8
23.5
38.2
34.4
30.4
26.4
22.3
8.0

26.4
24.4
19.5
12.9

2.2
2.2
1.5

29.,
31.2
41.1
35.1
40.1

28.6
31.8
35.1
38.3

78.4
307.6
367.7

27.7
36.2
36.4
.

26.8
54.1

34.6
30.3
30.9

115.6
202.9
292.8
370.8
427.5

31.9
34.0
346.2

539.5

513.1

380.2
398.4
433.7

340.6
364.8

...

.

.

Treasury Bulletin

120
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYRE ACTIVITIES.

Footnotes to Table
1/

2/

1

Development and Assistance Act of 1954* &s amended, and the Mutual
Security Acts, as amended. Dollar equivalents are computed for
reporting purposes, to provide a common denominator for the
currencies of the many countries involved. Foreign currencies on
hand and on deposit, and loans under section 104 (e) of the Agricultural Trade Development and Assistance Act of 1954, as amended,
are stated at the rates as of December 31, 1961, at which the United
States could purchase currencies on the market for regular operating
purposes. Other loans are stated at the rates at which they are to
be repaid or at rates in effect when the loans were extended.
Currencies that are dollar denominated or guaranteed as to rate of
exchange, are stated at rates specified in the agreements.

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
$2,847,450 thousand in dollar equivalent. These currencies, acquired
primarily without the payment of dollars, were generated under
various Government programs, principally the Agricultural Trade

Footnotes to Table 2
1/

2/

2/
4/
5/
6/
7/

This Agency was established, and the International Cooperation Administration and the corporate development loan fund were abolished at
the close of November 3, 1961, pursuant to the act approved September
4, 1961 (75 Stat. 445), and Executive Order No. 10973 dated November
3, 1961. Development loan fund functions and the foreign investment
guaranty fund were transferred to this Agency and a new fund for development loans was established.
Includes operating and administrative expenses funds.
Included beginning December 31, 1961 (see Table 4, footnote 3).
See Table 1 , footnote
Includes guaranteed loans and certificates of interest aggregating
$895, 232 thousand which are held by lending agencies.
rbreign currency assets are included throughout the table. See Table
footnote 2.
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
(in thousands
Activity
of dollars)
1

8/
2/

10/
1/

1.

12/
13/
14/

15/

Development loans
Agriculture Department:
Farmers' Home Administration:
Agricultural credit insurance fund.
Commerce Department:
Federal ship mortgage insurance fund.
Housing and Home Finance Agency:
Office of the Administrator:
Urban renewal fund.
Federal Housing Administration

60,496
16/
216,643
377,762

17/
18/

320,264
36,383,483

*

Housing and Home Finance Agency - (Continued):
Public Housing Administration:
Local housing authority bonds and notes (commit3,066,300
ments covered by annual contributions)
Local housing authority temporary notes (the full
faith and credit of the United States is pledged
936,78'to the payment of these notes)
Veterans' Administration (June 30, 1961)
16,39
Small Business Administration:
Revolving fund
Defense production guaranties (various activities,
Figures are as of January 5, 1962.
Valued at cost, estimated if not known. Amounts, including accumulated depreciation, are to some extent preliminary, and subject to
adjustment.
The assets and liabilities of this fund exclude resources on order of
$172,772 thousand as reported by the Post Office Department.
Represents the equity of the United States Treasury in this fund.
Represents purchase money mortgages formerly classified as c
assets (see footnote 1 at the end of Table 7)
Includes unrealized purchase discounts amounting to $6,365 thousand.
Includes reserves and unrealized equity in the assets of the defense
Homes Corporation which are being liquidated by the Association.
The Federal intermediate credit banks investment fund and the production credit associations investment fund were merged into this revolving fund pursuant to the act approved October 3, 1961 (75 Stat.
The surplus is considered by the Corporation as available for f
insurance losses and related expenses with respect to insured
institutions.
Represents accrued interest expense on borrowings from
States Treasury Department on which payment has been defen
Consists of net income from power operations of $588,'
net expense of nonrevenue-producing programs of $235,042 thousand.
Less than $500.

Footnotes to Table 3

V
2/
2/
4_/

s ee Table

footnote 1
Has been reduced by rescissions and transfers made by the Defense
Department stock funds (see footnote 5).
Figures are as of September 30, 1961, the latest available.
Excludes capital property such as land, structures, and equipment
as follows: Air Force, $1,221,724 thousand; Army $1,503,493
thousand; and Navy, $2,535,900 thousand.
1 ,

5/

6/
*

Has been reduced by rescissions and transfers to other accou
follows: Air Force, $455,000 thousand; Army $3,110,500 thousar.d;
Navy, $1,691,500 thousand; and Marine Corps, $157,500 thousand.
Consists of administrative expenses, foreign aid procurements;
construction services, public buildings; and working capital fund.
Less than $500.

Footnotes to Table 4
1/

2/

1

u

V
6/

1

See Table 2, footnote 1, The majority of the loan activities of the
International Cooperation Administration were transferred to this
Agency. Certain mutual security act loan activities are being
carried on by the Export-Import Bank of Washington as agent and are
included in this table.
These assets were transferred from the Export-Import Bank of Washington pursuant to the act approved September 4, 1961 (75 Stat. 446),
and Executive Order No. 10973 dated November 3, 1961. The foreign
currency loans and other assets of the Bank which are included in this
table were transferred to the Agency in January 1962.
Represents rural housing and other loans, and salaries and expenses.
Certain loan programs were transferred to the direct loan account fund
established by the act approved August 8, 1961 (75 Stat. 317). This
fund is now included in Table 2.
See Table 1 footnote 1
Includes vessels owned and under construction.
Represents allowance for losses from scrapping of obsolete vessels.
Although the United States disbursing officer failed to effect the
authorized transfer of 3,334 thousand Uruguayan pesos (United States
dollar equivalent $304 thousand) as of December 27, 1961, from the
Export-Import Bank of Washington to the Agency for International
Development, this amount, for administrative purposes, includes the
$304 thousand under the Agency for International Development.
,

8/

2/
10/

11/
12/

12/

14/

15/
16/

Foreign currency assets are included throughout the table (see Table
footnote 2)
1 ,
Represents interest on invested capital.
Represents assets and liabilities of the General Services Administration exclusive of trust and revolving funds and strategic and critical'
materials.
Represents assets and liabilities of the United States Civil Service
Commission exclusive of trust and revolving funds.
Includes stock of the International Bank for Reconstruction and
Development amounting to $635,000 thousand; and subscriptions to the
International Monetary Fund, the International Finance Corporation,
the Inter-American Development Bank, and the International Development Association amounting to $4,125,000 thousand, $35,168 thousand,
$190,000 thousand, and $135,323 thousand, respectively.
Includes $200,371 thousand due under the agreement with Germany
February 27, 1953, and lend-lease and surplus property balances due
the United States in the principal amount of $1,524,523 thousand.
Includes loan to the United Kingdom amounting to $3,260,415 the
outstanding.
Represents notes and mortgages acquired from credit sales of surplus
property and mortgages of certain liquidation activities.
Represents the Cooley loan program established pursuant to the
cultural Trade Development and Assistance Act of 1954, as amended
*
Less than $500.
.C. 1704 (e)) (see footnote 2).
i

.

March 1962
121

.CORPORATIONS AND CERTAIN OTHER BOSrNESS-TTPE A
CTIVITIES.

Footnotes to Table 8
Table 8 relates to all loan programs of Government agencies. It ineludes not only the United States dollar and foreign currency loans
summarized separately in Table 7, but also the loans made, all in
United States dollars, by deposit funds (Table 5) and trust revolving
funds (Table 6). Table 8 beginning June 30, 1960, includes purchase
money mortgages and similar long term paper which have been reclassified as loans pursuant to an amendment issued June 23, 1960. to Department Circular No. 966 (see footnote 1 at end of Table 7).
-' Includes guaranteed loans held by lending agencies.
1/ The major portion of the loans of the Veterans' Administration loan
guaranty revolving fund is included under "Mortgage loans" through 1955
and under "Other" to aid home owners thereafter (see footnote 19).
figures representing loans made by the Agency for International Development (formerly International Cooperation Administration) prior to
1952 are not available at this time.
Includes guaranteed loans held by lending agencies through December
31, 1958, 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, 194.7, through
March 31, 1953. Reorganization Plan No. 21, effective May 24, 1950,
abolished the United States Maritime Commission and transferred its
functions into the Department of Commerce.
2/ 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.
This
Agency was established in the Department of State, and the Inter2/
national Cooperation Administration and the development loan fund were
abolished on November 3, 1961, pursuant to the act approved September
4, 1961 (75 Stat 445) , and Executive Order No. 10973 dated November 3,
1961
Loans of the abolished agencies were transferred to this Agency
and a new fund for development loans was established. Data for
earlier periods are for predecessor agencies.
This fund was abolished on November 3, 1961 (see footnote 8).
Consists of the emergency credit revolving fund, the agricultural
credit insurance fund (formerly the disaster loans, etc., revolving
fund and the farm tenant mortgage insurance fund, respectively); the
farm housing and other loan programs; the State rural rehabilitation
funds beginning June 30, 1956; and the direct loan account beginning
December 31, 1961. Prior to June 30, 1956, and December 31, 1961,
loans of the agricultural credit insurance fund and the direct loan
account, respectively, were included in the statements of financial
condition of the nonrevolving fund loan programs.
On September 29, 1953, pursuant to the act approved July 30, 1953 (15
U.S.C. 609), the Reconstruction Finance Corporation started liquidation of its activities, except those carried on by the Corporation
pursuant to Section 409 of the Federal Civil Defense Act of 1950 (50
App. U.S.C. 2261) and expansion of defense production activities carried on pursuant to the Defense Production Act of 1950, as amended
(50 App. U.S.C. 2091-2094), which had been transferred to the Secretary of the Treasury as of September 28, 1953, and as of the close of
business on September 28, 1953, respectively. Effective at the close
of business June 30, 1954, pursuant to Reorganization Plan No. 2 of
1954, certain functions and related assets of the Corporation were
transferred to the Export-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, 1954The Corporation was abolished effective at the close of business June
30, 1957, by Reorganization Plan No. 1, of 1957, and the remaining functions of the Corporation were transferred to the Housing and Home
Finance Administrator, Administrator of General Services, Administrator
of the Small Business Administration, and the Secretary of the Treasury.
Consists of the loan to the United Kingdom and other miscellaneous
loans, Federal civil defense loans beginning December 31, 1953, loans
of the Reconstruction Finance Corporation liquidation fund beginning
December 31, 1957 (see footnote 11), and loans of the Federal Farm
Mortgage Corporation liquidation fund beginning December 31, 1961 (see
footnote 20)
Figures through March 31, 1960. consist of loans of the Public Works
Administration (in liquidation). Figures beginning June 30, 1960,
include also: loans of Federal Facilities Corporation (this Corporation was dissolved September 30, 1961, pursuant to the act of August 30, 1961 (75 Sta£. 4-19). The loans are being liquidated by the
Administrator of General Services), the Reconstruction Finance
Corporation liquidation fund, surplus property credit sales (see footnote 1 at end of Table 7) , and loans acquired pursuant to the Defense
Production Act of 1950, as amended (50 App. U.S.C. 2091) through
March 31, 1961.
i/

yj

V

Ijj/

.

16/

17/

18/

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 authorized by the Housing Act of 1949, as amended (4^ U.S.C.
1452 (a))beginning December 31, 1951, college housing loans
authoriz-d 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 already included but also loans under the Farm Security
Administration program, the public war housing program, and
veterans' re-use housing program, all three of which previous!.- handled by the Public Housing Administration; as of Dec
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 Amende1955 approved August 11, 1955 (42 U.S.C. 1491); as of December 31,
1956, June 30, 1957, and from June 30, 1960, through December 31,
1961, community disposal operations loans authorized by the Atomic
Energy Community Act of 1955 approved August 4, 1955 (42 U.S.C. 2301
note) and Executive Order No. 10657 of February 14, 1956; and beginning September 30, 1961, loans for housing for the elderly authorized
by the Housing Act of 1959, as amended (12 U.S.C. 1701q).
From June 30, 1956, through March 31, 1960, the mortgage notes and
sales contracts which had previously been classified as loans .
classified as other assets and were not included in this table.
These mortgage notes and sales contracts have now been reclassified
as loans, and beginning June 30, 1960, are included in this table
(see footnote 1 at end of Table 7).
Totals include loans of Home Owners' Loan Corporation amounting to
$84.2 million as of June 30, 1950, and $9.6 million as of December 31,
1950.
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 Farm 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 14)
The Veterans' Administration loan guaranty program was converted to
a revolving fund effective July 1, 1961, pursuant to the act approved
July 14, 1960 (74 Stat. 533).
From June 30, 1956, through March 31, 1960, notes receivable which
had previously been classified as loans were classified as other
assets and were not included in this table. These notes have now
been reclassified as loans, and from June 30, 1960, through September
30, 1961, were included in this column. On October 4, 1961, this
Corporation was abolished pursuant to the act approved October 4,
1961 (75 Stat. 773), and its remaining assets were transferred to the
Secretary of the Treasury for liquidation.
Figures include loans for expansion of defense production from June
30, 1951, through June 30, 1953, and Federal civil defense loans as of
June 30, 1953 (see footnote 11).
The major portion of the loans is 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, Indian loans, and Alaska public works loans
beginning June 30, I960; Department of the Army - guaranteed loans
(World War II) through December 31, 1957; Office of Education - loans
to students and educational institutions as of June 30, 1959, and
from June 30, 1960, through December 31, 1961; Federal Savings and
Loan Insurance Corporation and Defense Department (military assistance
credit sales) beginning June 30, I960; and agencies reporting loans
App.
pursuant to the Defense Production Act of 1950, as amended (50
U.S.C. 2091), which consist of the Departments of the Army beginning
beForce
Air
and
June 30, 1951, Navy beginning December 31, 1951,
ginning June 30, 1956, and the General Services Administration as of
December 31, 1959 and March 31, 1960.
Less than $50,000.
.

12/

20/

21/

22/

'

Treasury Bulletin

122
.CUMULATIVE TABLE OF CONTENTS.

April 1961 through March 1962
Issue and page number
1961
Apr.

May

June

July

Sept.

Aug

Reporting bases.
Articles:

Treasury financing operations.

Summary of Federal fiscal operations .

A-l

A-l

A-l

A-l

A-l

A-l

l

1

1

1

1

1

9
9

9
9

10
11

10

9
9
10

11

11

15
15

15
15

Budget receipts and expenditures:
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agenc les
Interfund transactions excluded from both net budget receipts
and budget expenditures
Summary of appropriations and authorizations, expenditures, and
balances, by agencies
Expenditures and balances by functions

Trust account and other transactions:
Summary 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
Intertrust fund transactions excluded from both net trust account
receipts and net trust account expenditures
Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Railroad Retirement Account
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date December 31, 1961)
Cash income and outgo
Summary of Federal Government cash transactions with the public...
Summary of cash transactions through 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
Intragovernmental transactions
Accrued interest and other noncash expenditures
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account....

9

9

9

9

9
10
11

9

9

10

10
11

10
11

9
10
11

13
14
15
15
16

13

13

10
11

11

9

9
9

9

12

13

17

13
14
15
15
16

17

:

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

14

14
14

u
15
16
16

15
16
16

guaranteed by the U. S. Government
Statutory debt limitation .
Public debt operations:
Maturity schedule of interest-bearing public marketable securities
other than regular weekly Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
Offerings of public marketable securities other than regular
weekly Treasury bills
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Disposition of matured public marketable securities other than
regular weekly Treasury bills

United States savings bonds:
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemptions of matured and unmatured bonds
Sales and redemptions by denominations, Series E and H combined..
Sales by States, Series E and H combined

15

16

17
17

20
20

21
22
22

20
20

15
15

15
15

16

16

16
17
17

16
17
17

21
22
22

16
16

17
17

16
17
17

23

19
20

Debt outstanding:
Summary of Federal securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Average length and maturity distribution of marketable
interest-bearing public debt
Special public debt issues to U. S. Government investment accounts.
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Federal agencies but not

15

19
20

20

25
26

20
21

20
21

25
26

20

21

21

20
21

21
21
22

22
22
23

27
27
28

22
22
23

22
22
23

27

27

22
22
23

22
22
23

23
24
25

28
29
30

23
24
25

23
24
25

28
29
30

23

23
24
25

28

33
35
37

28
30

28
30
32

33
35
37

28

32

21
21
22

26
26

22
23
24

27
28
29

22
23
24

25

30

25

26

31

26

27
29

12

34

27
29

31

36

31

30
32

33

38

33

34

39

34

34

39

34

34

38

43

38

39

44

39

39

44

40

40

41

46

41

42

47

42

42

47

43

43

46
46
47
49

48
48
49

53
53

48
48
49

48
48
49

49
49

49
49

51

50
52

50

51

53
53
54
56
57

46
46

47
49

27

(Continued on following page)

54
56

57

24
25

30

28
30

32

32

52

March 1962
(TTTMTTT.ATTTn