Full text of Treasury Bulletin : March 1964
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Mvim
A:
'%.
'V:..^.,\
':;;''';''''•:''•;'--;>:-;"•
S:
nm'-[:h'r
>."::):''
f,'
UBRARY
ROOM 5025
SEP
81965
TREASURY DEPARTMENT
LIBRARY
ROOM
JUN
rmsUHY
50,?0
2 3 1372
DEPARTMENT
I
1
POSTAGE AND FEES PMD
U.S. TREASURY DEPARTMB
TREASURY DEPARTMENT
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON
25.
DC
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
WEASURY.
BmiLEFUN
MARCH
- 1964
UNITED STRTES TRERSURV DEPRRTMENT
OFFICE DF THE
SECRETRRV
The Treasury Bulletin is for sale by the
Superintendent of Documents,
U. S. Government Printing Office, Washington 25, D. C.
Subscription per year $8.50 domestic. 111. 00 foreign
Single copy price varies
.
March 1964
Table of Content*
Page
Treasury financing operations
A-1
Summary of Federal fiscal operations
1
Administrative budget receipts and expenditures.
2
Trust and other transactions
12
Consolidated cash transactions
17
Account of the Treasurer of the United States....
20
Debt outstanding
23
Statutory debt limitation
28
Public debt operations
29
United States savings bonds
60
Ownership of Federal securities
64-
Treasury survey of ownership of Federal
securities
66
Market quotations on Treasury securities
71
Average yields of long-term bonds
7U
Monetary statistics
76
International financial statistics
80
Capital movements
82
Cumulative table of contents
102
"
Treasury Bulletin
II
Reporting Bases
m
Data on receipts, expenditures, and debt which appear
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 States Government." Certain monetary statistics are based at least In part on the "Circulation Statement of United States Money." Where these state-
ments are given as sources for Individual tables, they are
cited by name only. Their respective reporting bases are
Itures and Balances of the United States Government" and
for actual receipts and expenditures In the "Budget of the
United States Government."
Beginning with the final statement for the fiscal
year 1960, the monthly statement reports totals for net
budget receipts and budget expenditures after deduction
of certain interfund transactions which are Included in
the detail of both budget receipts and budget expenditures.
The transactions deducted consist of Interest payments and
described below. For other data In the Bulletin, information on sources or reporting bases Is given in connection
minor amounts of certain other payments made by Government
with the tables themselves.
accordance with the plan stated In the President's Budget
Message of January IS, i960. It does not affect the surplus
or deficit. Figures for earlier periods shown In the Treas-
The monthly statement of receipts and expenditures
was first published for February 195'+, and replaced the
dally statement as the primary source of Information on
budget results and other receipt and expenditure data
classified by type of account. At the same time, the
dally statement was changed to a statement of cash deposits
and withdrawals affecting the account of the Treasurer of
the United States.
Both publications have provided compar-
ative figures on their respective bases from the beginning
of the fiscal year 1953. The announcement of February 17,
1954-,
with respect to these reporting changes may be found
In the April I95I+ Issue of the Bulletin.
The monthly statement shows all receipts and expendi-
tures 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 those agencies which maintain
checking accounts In comtnerolal banks. These reports cover
i
agencies to the Treasury.
ury Bulletin were revised to the new reporting basis In the
September i960 issue. The Interfund transactions deducted
under this procedure do not Include payments to the Treasury by wholly owned Government corporations for retirement
of their capital stock and for disposition of earnings.
These capital transfers have been excluded currently from
budget receipts and budget expenditures beginning July 1,
194^, and figures for prior fiscal years back through 1932
were revised accordingly at that time.
The "dally statement on the new basis was first Issued
195'*-.
In the deposits and withdrawals as
for February 17,
no distinction Is made as to the type of accounts
The deposits are on the basis of
(budget, trust, etc. ).
shown,
certificates of deposit cleared through the account of the
Treasurer of the United States. Total withdrawals are on
the basis of checks paid or cash disbursements made out of
Some of the withdrawal classithe Treasurer's account.
The net of the transactions
fications shown are reported on the basis of mailed reports
of checks issued and are adjusted by means of clearing ac-
compiled from these reports Is reconciled In the monthly
statement to changes In the balance In the Treasurer's account and In cash held outside the Treasurer's account and
Except for relatively
counts to the total of checks paid.
minor amounts, noncash Interfund and other Intragovernmental
transactions are excluded. The public debt figures In the
changes In the public debt outstanding.
dally statement also are on a "clearance" basis, with the
exception of those issuance and retirement transactions
reported on the basis of telegrams from Federal Reserve
Banks.
Noncash debt transactions are Included, however.
transactions recorded In the accounts of the agencies
during the reporting period.
as.
Receipts of taxes and customs duties are reported on a
Other receipts are reported partially
collections basis.
on a collections basis and partially on a deposits basis.
Expenditures, except Interest on the public debt, are re-
ported on the basis of checks issued or cash payments made
Transactions of an Interfund or
Intragovernmental nature are Included on the same basis
even though the actual Issuance of checks may not be In-
by disbursing officers.
Interest on the public debt Is Included on an
accrual basis beginning with figures for June 1955 and
the fiscal year 1955. Prior to that. It was Included on
volved.
a due and payable basis.
The same reporting basis as that
In the monthly statement provides the fiscal year figures
for the Treasury's "Combined Statement of Receipts, Expend-
,
This reporting change was made In
The dally statement before February I7, 195*^. covered
not only transactions cleared through the Treasurer's account but also certain Government agency transactions which
were handled through commercial bank accounts,
and Included
noncash interfund and other intragovernmental transactions.
It provided information similar to that in the present dally
statement with respect to the status of the Treasurer's account, and similar to that In the present end-of -month dally
statement with respect to debt issuance, retirement, and
amount outstanding. Receipts and expenditures, however. Here
classified by type of account, and the budget results shown
March 1964
III
Reporting Bases
In the daily statement were used aa the basis for
reflecting
the results under the President's budget program
as enacted
^<' the Congress.
Receipts were on the basis of deposits as they cleared
the Treasurer's account.
Expenditures cleared through the
the Treasurer's account were reported on two
successive
Through I9I6 they were on the basis of checks paid
by the Treasurer of the United States. Beginning
with 1947,
bases.
expenditures made through the facilities of the Treasury
Department's Division of Disbursement were on the basis
of checks issued, while certain others, principally
those
of the Department of Defense and its predecessor organizations, were on the basis of checks paid.
Note:
Transactions han-
-
(Continued)
dled through commercial bank accoiinte, consisting of market
transactions in public debt and guaranteed securities, were
as reported by the agencies.
Interest on the public debt
was included on a due and payable basis beginning with
November 1949 and on a checks-paid basis prior to that time.
The circulation statement reflects transactions through
the Treasurer's account which affect monetary stocks of gold
and silver and the amounts of coin and currency in the money
supply of the country.
It is issued later than the dally
statement, however, and the figures are based on transactions consummated during the reporting period even though
some may not have cleared the Treasurer's account during
that period.
Where calculations have been made from unrounded figures, the details may
not check to the totals shown.
.
March 1964
Treasury Financing
J
of the face amount of Treasury bills applied for, unless
was announced by the
tenders were accompanied by an express guaranty of payment by
Treasury on February 18.
which $1,001 million
vias
Tenders totaled $2,412 million, of
accepted at the average hank discount
an incorporated bank or trust con^iany.
13-Meek and 26-Week Bills
I
Noncompetitive tenders for $200,000
New issues of regular weekly Treasury bills in February
(without stated price) from any one bidder were ac-
totaled $8.6 billion, refunding an equivalait amount maturing.
cepted in full at the average price of accepted competitive
Of the 91-day bills, those issued February 6 and 13 were for
rate of 3.765 percent.
or less
bids.
"
[
An offering on February 25, 1964, of 362-day Treasury
bills for $1 billion, or thereabouts,
(|
'
(^ rati one
One-Year Bills
\
I
k-i
$1.3 billion each and those issued February 20 and 27 were for
These aimounted to $19 million.
The 362-day bills are dated March 3, 1964, and will
$1.2 billion each.
mature February 28, 1965, when the face amount will be payable
lion each.
issued in bearer form only, the bills are
following.
without interest,
The four 182-day issues were for $0.9 bil-
Average rates of discount are shown in the table
in denominations of $1,000, $5,000, $10,000, $50,000, $100,000,
I
$500,000, and $1,000,000 (maturity value
j
Payment for accepted tenders in cash or other immediately
available funds was required to be completed on March 3, 1964.
Payment by credit in Treasury tax and loan accounts was not
permitted.
Banking institutions generally could submit tenders
for account of customers provided the names of the customers
]
were set forth in such tenders.
Others than banking institu-
tions were not permitted to submit tenders except for their own
account.
Tenders were received without deposit from incorpo-
rated banks and trust companies and from responsible and
recognized dealers in investment securities.
Tenders from
others were required to be siccompanied by payment of 2 percent
13-week
(Additional amount of bills of
original maturity of 26 weeks)
March 1964
SIMJARY OF FEDERAL FISCAL OPERATIONS
(In millions of dollars)
Administrative budf^et
receipts and expenditures
Period
Net
receipts
Expenditures
V
Fiscal years:
1950
1951
1952
1953
195i
1955
1956
1957
1953
1959
1960
1961
196i (Est.)..
1965 (Est.)..
Calendar years :
1950
1951
1961
1962
1963
t'^onths
2/
,376
88,400
93,000
98,405
97,900
-10,005
-4,900
,235
,877
37,657
56,236
70,547
72,811
64,622
65,891
66,838
71,157
75,349
79,778
77,565
84,463
-422
-3,358
-5,842
-9,157
-3,633
-2,771
3,779
91 ,907
94,183
592
decrease
(-)
433
-214
Public
debt
Guaranteed
securities
196
33
64
-43
5,940
5,200
-3,916
8,200
8,200
311,800
317,000
-447
62
1,770
4,232
4,295
6,064
4,577
5,180
4,545
4,427
4,606
256,708
259,419
267,391
275,168
278,750
280,769
276,623
274,898
282,922
290,798
290,217
296,169
303,470
309,347
103
104
109
127
156
330
518
742
297,876
U8
301 ,842
470
487
486
503
518
-194
195
633
-329
-50
-60.:
-257
-401
-250
-303
234
522
-523
530
-6
-145
507
311
87
-423
815
-106
-319
-209
-34
376
2,711
-41
101
739
-259
267
1,092
-7,088
-7,040
1,953
-6,306
-7,199
-6,672
-691
23
-3,686
-1,452
2,727
-5,494
208
-59
-126
-15
-1 ,042
106
738
457
-126
404
-270
269
-223
-529
-698
234
729
168
8,013
6,763
7,806
7,590
7,470
7,715
-2,480
7,863
8,305
7,315
8,776
7,784
8,289
-4,316
-1,015
2,279
-5,377
-652
Dec
3,547
7,290
10,095
3,400
7,131
8,803
514
192
-7
155
93
135
76
196i-Jan
Feb
5,853
8,047
8,492
7,521
-2,639
-130
526
54,166
64,845
-10,679
1963-Jan
Feb
Kar
Apr
May
June
July
Auk
Sept
Oct
Nov
1964 to date
-21
331
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
7,973
7,777
3,582
2,019
-4,141
224
109
-237
154
204
183
493
2,047
1,839
-388
-2,299
2,096
-551
-1 ,488
603
-635
-117
179
355
622
328
83
1,015
-134
-1 ,730
8,025
7,875
-581
5,952
7,301
5,877
8,541
7,327
8,524
3,070
7,572
542
1,857
-1 ,854
-516
4,346
-248
-304
48
-325
3,966
-4,051
2,151
738
-2,3U
5,517
7,357
6,969
4,670
6,766
6,216
6,546
5,590
9,749
5,350
8,005
6,694
10,430
12,116
257,357
255,222
259,105
266,071
271,260
274,374
272,751
270,527
276,343
284,706
286,331
288,971
298,201
305,860
4,961
5,583
6,411
6,494
7,509
7,375
20
29
Total
Subject to
limitation
Federal
securities 4/
607
257,377
255,251
259,151
266,123
271,341
274,418
272,825
270,634
276,444
284,817
286,471
289,211
293,645
306,466
256,652
254,567
258,507
265,522
270,790
273,915
272,361
270,188
276,013
284,398
286,065
288,862
298,212
306,099
749
705
312,549
317,705
312,139
317,350
24
256,731
259,461
267,445
275,244
278,734
230,322
276,731
275,002
283,031
290,925
290,373
296,499
303,988
310,089
256,026
258,794
298,324
302,312
299,986
302,553
305,893
303,988
297,891
301,938
299,612
302,181
305,521
303,616
303,948
305,179
303,541
303,728
305,731
306,466
303,577
304,809
303,172
303,359
305,413
306,099
305,115
306,842
306,962
306,781
308,567
309,724
46
52
81
U
74
107
101
111
140
240
4U
42
54
76
34
53
266,821
274,671
278,256
280,348
276,276
274,564
282,607
290,513
289,971
296,061
303,616
309,724
-1 ,920
400
-53
1,221
-2,024
5,485
1,961
7,U6
-1,645
173
2,038
656
306
-1,672
973
4,558
8,252
6,579
7,558
12,116
303,417
304,633
302,993
303,166
305,204
305,860
-5,118
-152
2,938
-5,273
760
2,105
6,998
6,846
9,783
4,510
5,270
7,375
304,835
306,535
306,635
306,442
308,215
309,347
647
674
693
204
-495
333
-1,025
1,700
100
-193
1,773
1,132
705
718
742
305,482
307,209
307,323
307,147
303,933
310,039
581
428
-357
-770
1,780
-3,111
2,531
4,264
6,795
308,577
310,357
762
793
309,339
311,150
308,975
310,786
1,095
-234
4,497
-5,321
6,795
310,357
793
311,150
310,786
635
-206
364
-260
-320
35
31
-830
402
,
issue exclude certain interfund transactions from both net budget
receipts and budget expenditures (seepages, II, 2, and 5). Figures
previously published for these series have been revised to the new
reporting basis. The change does not affect the budget surplus or
deficit.
Excess of receipts, or expenditures (-)
For detail, see pages 12-16.
For checks outstanding and telegraphic reports from Federal Reserve
banks; public debt interest accrued and unpaid beginning with June
and the fisnnl vpnr IQ^^ f nrpvT nii.<?T v in/^liidp.H frnm fjovemher 19^9 as
.
299,498
302,067
305,390
303,470
-2,750
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
1965 Budget document, released January 21
1964, including effects
of proposed legislation.
More detail for data on this page will be
found in succeeding tables.
Fiscal year figures beginning with the September I960 issue of the
Treasury Bulletin, and calendar year figures beginning with the June
1961
6,380
8,530
9,268
6,518
7,109
7,509
2,569
3,323
189
-1,796
1,075
591
531
541
548
562
577
607
interest checks and coupons outstanding) ; also deposits in transit and
changes in cash held outside the Treasury and in certain other acNet increase, or decrease
counts beginning with the fiscal year 1954.
Source;
_
Debt outstanding
Treasurer'
account
balance
US
231
5,533
7,305
9,663
5,735
6,953
12,061
Oct
Nov
Sec
i'
increase in
Treasurer' s
account
balance, or
decrease (-)
436
97
3 23
7,252
1
Levels, end of period
Net
4,587
-2,135
3,883
6,966
5,189
3,115
-1,623
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
99
679
147
435
3,566
7,089
10,053
3,030
7,027
8,360
Aug
Sept
I
Clearing
account,
etc. 2/
Net
increase
in
public
debt, or
:
1962- July
'
actions
(-)
-3,122
3,510
-4,017
-9,449
-3,117
-4,180
1,626
1,596
-2,819
-12,427
1,224
-3,856
-6,378
-6,266
705
,654
,938
119
,616
,749
,262
,738
,518
,157
,709
516
1952
1953
1954
1955
1956
1957
1958
1959
1960
deficit
Surplus
39,544
43,970
65,303
74,120
67,537
64,389
66,224
68,966
71,369
80,342
76,539
81,515
87,737
92,642
,422
,480
,287
671
,420
,209
,850
,562
,550
,915
,763
,659
409
1962
1963
or
Net of
trust
and other
trans-
(-).
4/
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; $231
billion on August 28, 1954; $278 billion on July 1, 1956; $275 billion
on July 1, 1957; $280 billion on February 26, 1953; $288 billion on
September 2, 1958; $290 billion on June 30, 1959; $295 billion on July
1, 1959; $293 billion on July 1, I960; $298 billion on July 1, 1961; $300
billion on March 13, 1962; $308 billion on July 1, 1962; $305 billion on
April 1, 1963; $307 billion on May 29, 1963; and $309 billion on July
Under the act approved November 26, 1963, the limitation is $315
1, 1963.
billion from December 1, 1963, through June 29, 1964, and $309 billion
on June 30, 1964.
. .
...
.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 1*- Receipts by Principal Sources
(In millions of dollars)
Internal revenue
Employment taxes
Income taxes
Fiscal year
or month
Individual
Corporation
Not
1/
Total
income
taxes
Withheld
withheld
1/
For unFor railemployroad rement
tirement
insurance
2/
For old-age
and
disability
insurance
1/2/
607
571
564
572
196-i (Est.)
2^,600
26,700
U,900
1965 (Est.)
38,200
35,500
77,700
78,900
15,415
15,789
1963- July.
Aug.
Sept..
574
386
3,603
Fiscal year
or month
2,250
6,172
8,953
522
1,981
1,045 6/
13
82
2
537
2
51
1
2,064
1,098
1,404
5,429
3,176 b/
2,207
5,937
7,308
455
1,361
1,091 6/
12
78
1
468
1
1,087
1,112
6,127
11,557
101
9,994
1,356
9,241
65,301
850
14
84
10,276
6,776
27,657
44,710
s,&zz
388
783
Less:
Refunds of receipts 2/
158
139
Transfers of tax receipts to
Federal Old- Federal
age and Sur- Disability
Total
refunds vivors Insur- Insurance
Trust Fund
ance Trust
Fund
10/
2/
Railroad
Retirement
Account
^
617
682
896
707
3,478
3,504
89,084
93,600
685
600
13
82
2
1
3,792
7,342
10,123
245
51
297
342
300
32
12
1
78
55
1
1
285
281
300
3,411
7,132
8,829
11
93
73 6/
7
14
112
143
84
661
283
289
5,933
8,167
80
120
388
781
2,377
54,729
29
35
929 S/
953
945
994
607
571
564
572
35
35
6,938
5,071
14,214
14,531
2
3
245
229
202
486
1,845
968 b/
36
136
77 b/
2
207
3
59
2
103
423
1,268
1,018 6/
166
2
31
3
126
944
106
1,946
292
22
2,114
8,060
596
5,024
5,725
5,957
6,267
193
224
278
269
18
25
116,277
119,171
6,618
4,724
284
1963- July..
Aug...
Sept..
4,871
9,977
11,722
242
220
198
Oct...
Nov...
Dec...
4,371
8,911
10,379
204
-34
100
1964- Jan.
Feb...
6,580
12,235
-43
911
F.Y. 1964
to date.
69,045
1,799
311
5
90
Actual figures are from the monthly statement of receipts and
Source:
expenditures of the Government ( for explanation of reporting bases see
page II); estimates are from the 1965 Budget docximent, released
January 21, 1964, including effects of proposed legislation.
individual income taxes and old1/ The distribution of receipts between
age and disability Insurance taxes is made in accordance with provisions of Sec. 201 of the Social Security Act, as amended (42 D.S.C.
401), for transfer to the Federal Old-Age and Survivors Insurance Trust
Fund (see footnote 9), and also for transfer to the Federal Disability
Insurance Trust Fund (see footnote 10).
Taxes on employers and employees under the Federal Insurance Contri2/
butions Act, as amended (26 O.S.C- 3101-3125), and tax on selfemployed individuals under the Self-Employment Contributions Act, as
467
694
654
633
9,192
10,537
10,600
12,351
96,962
99,491
103,818
111,602
Interfund
transactions
14/
78,457
78,313
82,042
86,890
5,238
5,976
6,266
6,571
1960
1961
23
^12/
Less:
2,539
2,798
2,949
3,279
616
575
525
20
18
12/
Budget
receipts
net of refunds and
transfers
to trust
accounts
343
453
945
333
863
837 8/
58
165
180
Highway
Trust
Fund
71,029
69,117
6,243
6,795
7,084
3,894
4,413
4,907
Unemployment
Trust
Fund
87
1,479
2,026
2,074
3,976
4,598
5,114
83,675
83,974
83,904
.
180
184
278
2,089
1957
1958
1959
1964 (Eat.),
1965 (Est.)
150
404
2,835
4,456
7,426
^
99, Ul
80O
948
1
1,432
6,105
Trust
accounts
5
55
2,441
870
Total
budget
receipts
123
106
103
15
7
1,156
1,065
1,271
583
451
Internal revenue
applicable to
148
j
1,440
1,147
112
661
Budget
accounts
1962
1963
525
1,295
5,607
3,210 b/
Less:
3,990
8,581
9,876
221
175
10,211
11,586
11,686
13,484
F.Y. 1964
to date.
117
108
134
2,360
2,765
67,125
67,918
71,945
75,324
.
4,186
9,619
11,364
16,932
17,182
31,675
32,978
36,246
38,719
1964- Jan.
Feb...
1,179
1,207
1,165
900
711
13,271
13,175
406 6/
1,310
1,495
617
682
22,179
21,765
21,296
22,336
3,726
110,913
113,562
11,865
12,064
12,752
13,410
1960
1961
1962
1963
557
396
13,921
14,715
458
948
1,626
1,916
2,035
2,187
616
575
03t...
Nov, .
Dec...
105,925
1,123
1,008
1,171
1,241
11,159
12,502
12,708
15,004
6,634
7,733
8,004
247
113
91,775
94,401
341
345
60,560
59,102
58,826
381
179
2,140 6/
754
10,638
10,814
10,760
26,728
27,041
29,001
Total
Customs
internal
revenue
80,172
79,978
79,798
1,378
1,411
1,353
12,302
11,528
11,733
.
ment
taxes
Taxes not
otherwise
classified
Excise
taxes
7,581
8,644
8,854
21,531
20,533
18,092
16,700
en^iloy-
Estate
and
gift
taxes
330
336
324
1957
1958
1959
U,403
U,269
Total
1,050
1,076
2
68, 270
567
355
513
52
28
1
26
563
Amendments of
amended (26 U.S.C. 1401-1403). The Social Security Act
rates of tax applicable
1956, approved August 1, 1956, increased the
December 31, 1956,
to wages paid and taxable years beginning after
to provide for disability insurance.
Railroad Retirement
the
under
employees
3/ Taxes on carriers and their
Tax Act, as amended (26 U.S.C. 3201-3233).
Federal UneiH)loyment Tax Act,
4/ Tax on employers of 4 or more under the
services performed
as amended (26 D.S.C. 3301-3308); with respect to
employers of 8 or more.
before. January 1, 1956, the tax was ijnposed on
the Highway Revenue
Includes collections under increased rates in
Act of 1956 (see footnote 13).
Remaining footnotes on following page.
y
1
March 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 2.- Detail of Miscellaneous Receipts by Major Categories
(In millions of dollars)
Fiscal year
or month
Dividends
and other
earnings
Total
Realization upon
loans and
investments
Recoveries and
refunds
Royalties
Sale of
Sale of
Governprodment
ucts
property
Seigniorage
Fees for
permits
and
licenses
Fees and
other
charges
for
services,
Fines,
penalties
and forfeitures
Other
V
etc.
19^7
1958
1959
2,749
3,196
3,158
628
745
438
674
601
506
1960
967
942
877
765
1,111
1962
1963
i,064
4,082
3,206
4,436
196i (Est.)
1965 (Est.)
4,053
4,113
952
880
917
937
1963- July..
266
Aug .
Sept.
567
250
254
Oct..
Nov . .
Dec .
328
328
587
266
322
343
79
90
93
387
345
325
312
304
350
436
1,012
114
182
154
200
96
114
124
392
343
263
263
374
330
342
370
563
375
155
132
137
377
474
404
131
86
27
26
21
10
54
38
79
75
104
6
-19
9
10
56
15
16
26
58
30
257
224
400
13
4
165
74
78
82
28
16
11
SI
61
3
10
51
14
11
18
13
1964- Jan...
352
89
81
58
10
-13
Feb...
591
125
73
266
7
10
2,895
753
644
604
85
30
1961
.
.
F. Y. 196i
to date . . .
805
743
860
371
1,076
121
Actual figures through 1961 are from reports to the Treasury
Department by disbursing officers and administrative agencies, on the
monthly statement reporting basis (see page II); and from the monthly
statement of receipts and expenditures thereafter. Estimates are
6/
7/
8/
2/
10/
IV
Includes adjustments as follows for:
Income taxes not withheld,
September -$3 million, and December -$5 million; income taxes withheld,
September +$8 million, and December -$316 million; transfers to Federal
Old-Age and Survivors Insurance Trust Fund, September -t>lO million, and
December +$300 million; and transfers to Federal Disability insurance
Trust Fund, September +$5 million, and December +$21 million. See also
footnote 9.
Interest on refunds is included in expenditures in Table 3.
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 included with refunds of internal revenue
receipts, applicable to trust accounts.
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 (4.2
U.S.C. ^01 (a}), and are adjusted in later transfers on the basis of
wage and self -employment income records maintained in the Social
Security Administration.
The Federal Disability Insurance Trust Fund was established by the
Social Security Act Amendments of 1956, approved August 1, 1956 (4-2
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 amoionts 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
28
161
86
44
133
93
53
57
111
55
58
81
62
45
101
100
101
110
325
94
89
50
55
119
82
20
23
23
16
12
14
11
437
11
79
13
6
125
142
255
343
35
33
7
9
7
8
6
1
6
5
4
33
28
36
6
4
5
5
9
3
14
7
10
36
56
9
4
13
7
23
32
6
7
9
5
26
300
47
40
40
43
12/
13/
14/
5/
2
5
6
12
2
5
5
1
from the 1965 Budget dociment, released January 21, 1964, including
effect of proposed legislation.
Consists of miscellaneous taxes (principally the tonnage tax on foreign
vessels entering U.S. ports) , bullion charges, and gifts and contributions.
-
1
*
160
53
54
4
1/
1
49
59
6
6
Source:
Footnotes to Table
431
49
(Continued)
in the Treasury, less refunds, during each fiscal year (65 Stat. 222
and 66 Stat. 371) and transfers are made currently.
The Emplojrment Security Act of I960, approved September 13, I960 (42
U.S.C. 1101), established in the Unemployment Trust Fund in administration account, and appropriated for credit to that account,
beginning with fiscal 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 accoimt 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
The Highway Revenue Act of 1956, as amended, (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 October 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. Before fiscal
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. These transactions are included in the
detail of both budget receipts and 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 I960 Treasury Bulletin because of the
exclusion of certain interfund transactions (see footnote I4),
Less than $500,000.
Treasury Bulletit
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITQRES
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
67.5
675
2Z.5
650
65.0
20.0
62.5
175
60.0
60.0
150
57,5
57.5
125
55.0
55.0
100
52.5
52.5
75
50.0
50.0
50
475
47.5
25
450
45.0
42.5
42,5
5.0
40.0
400
25
375
37.5
35,0
35.0
100
325
325
75
30.0
50.0
5.0
275
275
Z5
250
250
225
225
10.0
200
20.0
75
175
175
5.0
150
25
-Individual Income Tax and
.
Billions
Corporation Income and Profits Toxes
Billions
Billions
625
DOLLARS
DOLLARS
DOLLARS"
Employment Taxes*
1950
52
54
Estate and Gift Taxes
15.0
I
54
'56
'58
'60
62
64
60
.
...
..
.
.
March 1964
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 3.- Expenditures by Agencies
(in millions of dollars)
Executive
LegisOffice
lative Judiciary
of the
Branch
President
Fiscal year
or month
19S7.
195S.
19^9.
97
99
113
I960
1961
1962
1963
1964 (Est.)
19o5 (Est.)
1963-July
Au^JS t
639
733
307
2,295
2,645
3,092
572
666
5,419
5,929
6,669
7,735
539
498
594
676
42,824
44,677
48,205
48,252
902
3,403
3,685
4,215
4,909
690
23
1,764 2/
1,308
2,053
3,968
903
1,029
258
284
294
317
25
23
2,817
2,533
6,973
5,315
736
833
52,300
51,200
1,141
1,192
5,530
5,853
1,114
1,148
330
343
3
320
295
933
75
99
464
371
6 76
67
106
441
264
3,848
4,047
3,916
111
387
89
117
117
313
U.'
4,316
3,818
4,290
122
95
490
389
413
106
63?
4,117
33
70
513
'.,040
32,902
785
3,593
126
134
153
49
5b
70
U7
62
166
179
67
72
29
1
.
13
'Jovember.
DcCcmtr^r,
10
13
19o4-January.
Febi-uary.
^','
.3c
1«.
.
1
52
76
i5
41
?.
I.'
42
104
Military
Justice
Department
38,439
39,062
41,233
1
October.
Health,
Education, Interior
and
DepartCivil
Welfare
ment
functions Department
Defense Department
562 2/
645
382
11
52
57
Commerce
Department
5,006
4,375
7,091
10
56
.
,
to the
President
Agricul ture
Department
4,115
4,031
4,109
39
47
September.
. .
Funds
appropriated
1,739
14
,205
474
971
999
1,128
94
214
229
250
751
801
413
567
1,016
518
674
774
179
206
272
549
525
831 4/
620
257
914
797
T/0
247
258
307
408
415
667
546
475
97
-13
85
79
41
32
22
30
25
27
34
34
24
21
71
24
25
27
67
91
91
93
35
65
68
1960
1961
1962
1963
I
\
1964 (Est.).
1965 (Est.).
public
debt 5/
7,244
7,607
7,593
57
74
69
9,130
3,957
9,120
9,895
76
83
68
10,600
11,000
Jther
On
refunds
of taxes
59
242
220
803
Adm.
Ot!ier
independent
[Jisirict
Col^-imbis
Total by
agencies
ac».i or.
9/
1^''
8/'
-23
199
interfund
trans-
467
68,966
71 ,369
31
567
355
23
50
72
66
77,233
82,169
83,419
93,155
694
654
633
513
76,539
31,515
87,787
92,642
685
600
93,405 IV
97,900 15/
911 l^
26
940
956
25
,152
145
309
502
739
410
401
5,250
744
1,257
2,552
5,4C1
•^26
408
337
445
466
5,173
224
794
937
293
790
555
212
149
4,400
4,990
5,349
5,066
193
-35
66
99,089
93,500
39
270
285
287
467
465
437
-154
23
93
98
3
8,103
8,357
7,3^3
245
48
84
69
-13
45
50
7
342
8 788
11
301
72
133
1
41
1
56
441
503
1
5
,
expenditures
11/
c9,433
71,936
80,697
4,3i-..5
298
5,232
425
359
lotal
bud>;;et
30,342
90
90
2,300
2,735
107
97
37
2 ''4
229
215
77
60
242
220
230
69
23
372
46^
-53
454
64
7,784
8,315
223
228
73
58
59
201
48
-79
355
317
479
450
68
48
3,573
-,641
120
3,492
7,521
1,845
511
398
333
2,528
3,667
422
65,408
563
64,845
4
91
4
90
925
880
5
131
7
78
7,024
65
Y.
National
Veterans
Aeronautics
Adminiand Space stration
1,184
1,246
96
F.
2/
Housing
and
Home
Finance
Agency
1
20
February.
missio-'i
General
Services
Administration
74
865
863
903
..
Federal
Aviation
Agency
2,623
2,713
2,306
2,753
October,
November,
December.
1964- January.
59
29
375
987
985
,059
332
350
856
.
Atomic
Energy
Com-
1 ,990
748
2,263
765
2,173 ijy 2,541
1963-July
August. ,
September
.
382
Less:
Interest
On
3rf5
30
Ireasury Department
Fiscal year
or month
Post
State
Office
DepartDepartment
ment 1/
Labor
Department
633
698
56
63
53
5,39.2
1
1
,
W
IV
52
28
26
30
7,363
8,305
7,315
8,776
7,734
8,289
1964
to date
.
. .
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 1965 Budget document, released
January 21, 1964, including effects of proposed legislation.
Kote:
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
Agency shifts are
by functions on a consistent basis, see Table 6.
reflected in this table as follows: Beginning 1957, Alaska Road
Construction from "Interior Department" to "Commerce Department," and
Federal intermediate credit banks and production credit corporations
as indicated in footnote 12; beginning 1958, Federal Facilities Corporation (remaining functions) from "Treasury Department" to "General
Services Administration," and Informational Media Guaranty Fund from
"Funds appropriated to the President" to "Independent agencies;"
beginning 1959, Federal Civil Defense Administration from "Independent
agencies" to "Executive Office of the President," Civil Aeronautics
Board from "Commerce Department" to "Independent agencies," Civil
Source:
46
Aeronautics Administration from "Commerce Department" and Airways
Modernization Board from "Independent agencies" to the "Federal
Aviation Agency," National Advisory Commission for Aeronautics from
"Independent agencies" to "National Aeronautics and Space Administration;" from fiscal I960 through November 1962, and beginning December
1963, military assistance from "Funds appropriated to the President"
to "Defense Department, military," and beginning 1962, subscriptions
to international institutions from "Treasury Department" to "Funds
appropriated to the President."
1/ Consists of net expenditures of the Postal Fund, reflecting the
change in classification of Post Office transactions to a public
enterprise revolving fund basis, and beginning fiscal 1960, payment
for public services.
2/ Beginning 195V, Federal aid for highways is excluded from budget expenditures and included in trust account expenditures (see Table 1),
2/ Adjusted for reclassification.
Remaining footnotes on following page.
Treasury Bulletin
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 4.- InterfuncJ Transactions Excluded from Both Net Budget Receipts and Budget Expenditures
1964
^arch
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 5.- Summary of Appropriations and Authorizations, Expenditures, and Balances, by Agencies,
as of January 31, 1964
(In millions of dollars; negative figures are deductions in the columns in which they appear)
Additional, fiscal year
Unexpended
balances
brought forward
July 1, 1963
Agency
1/2/
jJLegislative Branch
Appropriations
2/
5
lExecutive Office of the President
Funds appropriated to the President
lAgriculture Department
Commerce Department
Defense Department:
3
I
Military
date
Transfers,
borrowings,
investments
Other authorizations
^
-16
156
66
25
13,479
3,206
1,151
2,262
6,983
539
22
805
5
-17
32,568
49,914
1,146
320
Civil
Authorizations
to expend from
debt receipts Z^/
172
66
25
81
tThe Judiciary
1964. to
Increase
2,262
7,544
793
49,914
1,146
Undistributed foreign transactions
[Health, Education, and Welfare Department
J
'
i
I
I
<
I
1
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Agency
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to
4,672
1,128
344
2,08i
536
33
,
,
322
420
140
425
1,581
603
675
-1
11,849
2,743
833
627
473
455
5,100
5,385
150
-20
Expenditures
Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the President
Agriculture Department
Commerce Department
Defense Department:
Mil itary
Civil
Undistributed foreign transactions
Health, Education, and Welfare Department
Interior Department
Justice Department
Labor Department
Post Office Department
State Department
Treasury Department
Atomic Energy Commission
Federal Aviation Commission
General Services Administration
Housing and Home Finance Agency
National Aeronautics and Space Administration
Veterans' Administration
Other independent agencies
District of Columbia - Federal payment and loans to.
Adjustment to monthly statement of receipts and
e;q)enditures of the Government
Deduct:
Rescissions,
cancellations,
and other
adjustments 1/
Certain interfund transactions.
Total budget expenditures
-127
1,457
5,637
421
3
2/
2/
y
^
98,082
Unexpended balances January 31, 1964
Undisbursed
appropriations
8,306
2,478
1,017
53,455
741
28,868
715
Unused authorizations to
expend from
debt receipts
Unfunded
contract
authorizations
Investments
held
149
34
20
6,105
2,525
300
Total 2/
8/
16
14,411
5,111
1,520
108
197
53,615
751
160
10
«
ft
71
10
3,660
846
181
194
853
220
5,120
2,707
957
941
1,120
5,166
2,964
1,546
118
69
92,772
3,097
704
195
467
220
273
6,903
1,618
453
10
101
350
411
2,211
3,217
374
45
3,660
115
983
7
181
194
853
220
5,370
2,707
964
941
13,253
5,166
3,505
12,457
118
250
8,301
2,931
901
431
10,030
U
110
867
27,974
3,552
1,884
-5 2/
126,181
443
57,324
Details for the current fiscal year to date
Bureau of Accounts.
are shown in Bureau of Accounts report "Budgetary Appropriations and
Other Authorizations, Expenditures and Unexpended Balances."
Includes same categories as shown at end of current period.
Although not expended, a substantial portion of these amounts is
obligated for outstanding purchase orders and contracts for equipment
and supplies, for payrolls, and for similar items.
Includes reappropriations
Consists of authorization by law for Government-owned enterprises to
borrow (1) from the Treasury (to expend from public debt receipts),
or (2) from the public (to expend from debt receipts).
Consists of new contract authorizations, established by law for the
current fiscal year, net of current appropriations to liquidate
either current or prior contract authorizations.
Consists of tranafers between appropriations; net borrowings from, or
Source:
1/
-126
129
34
16
37
12
57,768
Total
-121
1,156
97,052
Deductions, fiscal year 1964 to date
Agency
339
652
353
11,849
2,743
813
627
807
5,100
5,535
1,115
76_
1,106
76
85,936
Total
3U
339
652
354
12,958
2,278
1,186
11,786
97
4,672
1,152
18
7/
0/
2/
»
repayments to (-), the Treasury and the public under authority to
expend from debt receipts; and net investment in, or sale of (-),
public debt securities and certain guaranteed securities issued by
Government enterprises.
Consists of transfers to, or restorations from (-), the surplus fund;
rescissions, cancellations, or adjustments of borrowing authority
and contract authority; capital transfers to miscellaneous receipts;
and other adjustments.
Public debt securities and certain guaranteed securities issued by
Government enterprises,
Represents the difference between this report based on accounts submitted by certain disbursing officers and corresponding preliminary
data used in the monthly statement of receipts and expenditures of the
Government.
Less than $500,000.
Treasury Bulletin
8
—
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 6.- Expenditures and Balances by Functions
t
!
March 1964
Treasury Balletin
10
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES
Table 7.- Detail of Excise Tax Receipts
(In thousands of dollars)
First two quarters
of fiscal year
Fiscal year
Second quarter
of fiscal year
Type of Tax
Alcohol taxes: 1/
Distilled spirits.
Wines
Beer
Total alcohol taxes.
Tobacco taxes: 1/
Cigars
Cigarettes
Other
Total tobacco taxes.
Docximentary and certain other stamp taxes:
Documentary stamp taxes 2/
•
Playing cards
Silver bullion sales or transfers
Total documentary and certain other stamp taxes.
Manufacturers' excise taxes:
Gasoline /^
Lubricating oil, etc....
Tires, tubes, and tread rubber 4/
Passenger automobiles, chassis, bodies, etc
Trucks and buses, chassis, bodies, etc. 4/
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
Total manufacturers' excise taxes.
Retailers' excise taxes;
Furs
Jewelry, etc
Luggage, etc
Toilet preparations
Total retailers' excise taxes.
Footnotes at end of table.
1964
1963
1964
1962
1963
1963
2,i23,330
99,922
818,030
2,507,068
103,733
830,855
1,332,665
51,753
420,770
1,352,117
50,556
460,226
756,173
28,931
183,460
754,812
28,834
20^,834
3,3il,282
3,441,656
1,805,189
1,862,899
968,565
989,481
i9,726 2/
1,956,527
19,483
50,232
2,010,524
18,481
26,611
1,003,489
9,312
27,024
1,040,046
9,588
13,704
504,945
4,753
14,464
517,503
4,911
2,025,736
2,079,237
1,039,412
1,076,657
523,402
'3''.,
150,639
8,625
67,608
4,053
79
77,773
4,155
12
33,217
2,255
48
40,205
2,163
55
140,372
8,574
124
159,319
149,069
71,740
81,940
35,520
42,379
2,a2,7U
2,497,316
74,410
398,860
1,559,510
303,144
81 4r
12,610r
8,474r
9,390r
2,300r
36, 846r
14, 596r
16,147r
1,366,481
40,934
212,999
748,638
167,914
115,873
94,947
35,585
35,866
926
10,711
9,856
10,878
3,370
34,785
15,318
19,327
658,545r
19,951r
100,338r
266,202r
63,420r
54,906r
49,081r
12,908r
15,365r
420 r
7,594r
4,853r
4,528r
949r
17,823r
7,646r
7,810r
684,545
19,084
100,123
286,023
75,824
58,075
53,848
14,226
17,692
438
5,921
5,657
4,947
1,048
16,850
8,329
9,274
73,012
361,562
1,300, WO
257,200
198,077
173,024
54,638
66,435
1,774
24,342
19,081
15,541
6,090
81,719
25,307
33,993
224, 507
184,220
61,498
68,171
1,618
27,421
20,175
18,099
6,300
74,845
25,205
35,998
l,298,752r
39,945r
206,490r
665,925r
142,128r
109,073r
88,021r
33,483r
32,395r
(
(Oct. -Dec. 1962) (Oct. -Dec. 1963)
878
12
14,915
8,413
4,667
16,235
8,674
4,102
10,640r
4,138r
2,129r
10,981
4,669
2,138
5,865r
2,204r
902r
6,347
2,556
1,240
5,132,949
5,610,309
2,734,795r
2,942,197
l,301,308r
1,372,049
31,163
176,023
69,384
144,594
29,287
181,902
74,019
158,351
9,115r
77,477r
34,624r
73,558r
9,988
81,844
35,976
82,139
5,364r
36,510r
15,592r
36,178r
16,052
39,710
421,163
443,558
194,774r
209,947
^J3,644r
99,187
(Continued on following page)
5,625
37 ,.800
\iarch
i964
11
ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITQRES
Table 7.- Detail of Excise Tax Receipts
(
-
(Continued)
In thousands of dollars)
Second quarter
of fiscal year
First two quarters
of fiscal year
Fiscal year
Type of tax
1962
I
Miscellaneous excise taxes;
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
Transportation of persons
Transportation of property (including coal)
Use of safe deposit boxes
Coconut and other vegetable oils processed 6/
Sugar
Diesel and special motor fuels
ij ,...i
Narcotics and marihuana, including occupational taxes
Coin-operated amusement devices
Coin-operated gaming devices
Bowling alleys, pool tables, etc
Wagering occupational tax
Wagers
Use tax on highway motor vehicles weighing over
26,000 pounds Lj
Adulterated and process or renovated butter, filled
cheese, and imported oleomargarine
Firearms transfer and occupational taxes
^
I
I
^
1
]
^
j
i
I
I
I
'.
I
)
I
I
Total miscellaneous excise taxes
ijTotal
received with returns and from sale of stamps....
lOndistributed depositary receipts 8/
Unapplied collections
ITotal excise taxes
1963
1964
1964
1963
(Oct. -Dec. 1962) (Oct. -Dec. 1963)
39,169
35,606
69,452
42,789
39,794
71,097
24,061r
20,130r
34,886r
26,711
21,030
37,493
13,090r
10,506r
15,lllr
14,470
10,705
15,647
350,566
492,912
364,618
515,987
189,132r
264,420r
205,211
269,722
96,660r
134,550r
112,173
152,948
9
49
262,760
568
6,679
6
96,636
105,178
1,089
4,794
14,824
4,184
580
5,349
233,928
451
6,514
12
99,903
113,012
1,153
5,013
15,240
4,897
531
5,167
99,481
79,761
32
66
1,570,258'
54
1,619,656'
12,650,707
13,343,486
98,351
62,541
3,117
3,710
12,752,176
The figures shown include
Internal Revenue Service reports.
collections for credit to special accounts for certain island possessions.
Floor stocks taxes are included with the related classes of tax.
Full detail is published monthly by the Internal Revenue Service.
Beginning October 1, 1961, the Bureau of Customs was authorized to
accept and deposit payments of internal revenue taxes on tobacco items
inported or brought into the United States (26 C.F.R. 275.62).
Collections of this type by Customs during October 1961 were included
with reporting on class E cigars.
Taxes on issuance and transfers of capital stock and of corporate
securities (bonds, debentures, etc.) deeds of conveyance, and policies
issued by foreign insurers.
Collections reflect the provisions of the Highway Revenue Act of 1956,
approved June 29, 1956 (23 U.S.C. 120 note).
ISource:
1^
1963
13,409,737
y
y
1/
8/
r
•
8
5
149,604r
256
3,230r
6r
52, 844r
55,147r
4S4
3,177
11,325
3,405
330
2,629
56,
3
2r
52, 573
28,287r
27,493r
64,198
68,476
2
6,722, 528r
83,236
l,826r
6,807,591
209
311
969
443
103
1,230
570
3,373
12,860
3,885
389
2,895
2
23
76,533r
154
l,608r
181
3,594
61,516
876,619~
2
U6
11,747
87
1,829
-1
26,981
33,077
209
360
747
545
83
1,546
12,659
11
25
829,347
7
29,989
'
419,022~
414,070
7,002,988
3,341,464r
3,454,045
38,106
68,859r
36,474
1,554
883r
7,042,648
3,411,205
884
3,491,402
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, 1963, under acts approved August 30, 1957, May 29, 1959, and April 22, I960, is further
suspended until June 30, 1966, under an act approved October 23, 1962
(26 U.S.C. 4511 (a)).
Excludes diesel fuel not for use in highway vehicles.
Amount of excise tax depositary receipts issued, less amount received
with returns and distributed by detailed class of tax.
Revised.
Less than $500.
. .
.
1|
.
12
Treasury Bulleti
i
.TRUST AND OTHER TRANSACTIONS.
Table 1.- Summary of Trust and Other Transactions
(In millions of dollars)
Net receipts or
expenditures (-),
from trust
and other transactions
Fiscal year
or month
Trust and deposit fund accounts
Excess of
receipts, or
expenditures (-)
Net
Net
expenditures
receipts
1/
Net sale, or investment
(-), by Government
agencies in public debt
securities
^
1/
Net sale, or reden^tion
(-), of securities of
Government agencies in
the market
1,1 ~1
1957
1958
1959
195
633
-329
363
329
-2,751
14,301
16,153
16,769
12,938
15,325
19,521
-597
1,130
400
1,293
1960
1961
1962
1963
-50
-602
436
97
-870
790
-851
1,143
20,342
23,583
24,290
27,689
21,212
22,793
25,141
26,545
-925
-855
-493
-2,069
1,746
-537
1,780
1,022
1964 (Est.)...
1965 (Est.)...
83
848
1,500
30,163
30,872
29,315
29,372
-2,U6
-257
1,681
581
1963- July
August ...
September
192
-7
155
-1,232
1,449
-685
1,419
3,887
1,830
2,651
2,438
2,515
1,253
-1,784
575
171
328
265
October.
November.
December.
93
135
-1,304
795
-431
1,289
2,749
2,230
2,592
1,955
2,661
1,101
-481
-260
296
-179
767
1964- January.
February.
-130
-1,169
1,642
1,088
3,705
2,257
2,063
1,328
-830
-289
-230
1
76
581
,
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 1965 Budget document, released
January 21, 1964, including effects of proposed legislation.
Certain transactions are excluded from both receipts and expenditures
beginning with the July 1961 issue of the Bulletin. For details see
Table 6.
1/
-2,338
Includes guaranteed securities ( see Table 4)
2/
Note:
Figures in this table differ from those published prior to
August 1963 for shifts in classification including security trans-
actions of Government-sponsored enterprises from deposit fund account
expenditures to net investment by Government agencies in public debt
securities, and net redemption of agency securities in the market; and
certain deposit fund account receipts from net receipts to net
expenditures.
!i
Table 2.- Trust Receipts
I,
Fed.
Fiscal year
or month
FOASI
Trust
Fund
Dis-
ability
Ins.
Trust
Fund
1957
1958
1959
7,101
339
7,824
8,109
1960
1961
1962
1963
Railroad
Retiremoit
Account
Unemployment
Trust
Fund
In millions
National
Service
Life Insurance
Fund
oi"
dollars)
Government
Life
Insuranee Fund
943
929
723
695
758
1,912
1,855
1,997
608
640
634
67
63
10,360
11,824
12,011
13,856
1,062
1,083
1,092
1,145
1,433
1,051
1,081
1,128
2,703
3,803
3,985
4,261
643
668
664
658
61
58
54
52
1964 (Est.)...
1965 (Est.)...
15,846
16,271
1,198
1,228
1,202
1,279
4,191
3,933
667
664
50
48
1963-July
August
September
493
2,203
36
160
77
13
88
52
256
743
108
44
45
34
October..
November.
December.
442
1,534
l,a8
35
112
104
34
84
68
187
460
162
1964-January.
February.
112
2,170
7
159
15
92
234
735
34
. .
974
Other
trust
receipts
1/
Total
trust and
other
receipts
Less:
Interfund
transactions
Net
trust and
other
receipts
2Z
21
14,301
16,153
16,769
1,7a
681
638
585
14,311
16,164
16,904
1,766
2,033
2,086
2,255
2,541
2,800
2,955
3,293
711
778
890
1,546
21,250
24,097
24,818
28,193
908
515
528
505
20,342
23,583
24,290
27,689
2,391
2,400
3,484
3,510
1,623
2,017
30,651
31,349
488
477
30,163
30,872
168
161
179
298
3U
303
109
148
104
1,420
3,893
1,831
1
1
1
1,419
3,887
1,830
47
33
40
1
1
1
159
177
175
287
282
302
97
72
177
1,290
2,755
2,246
1
6
16
1,289
2,749
2,230
53
2
1
204
164
283
290
186
1,096
3,717
8
12
1,088
3,705
qtiarterly)
For content see Table 6.
Highway
Trust
Fund
1,482
2,044
2,088
See Table 1.
Source:
1/ Includes principally District of Columbia receipts from taxes and from
Federal contributions, loans, and grants; funds appropriated to the
President - mutual security trust funds; Indian tribal funds; increment
resulting from reduction in the weight of the gold dollar; and the
Railroad Unemployment Insurance Administration Fund through November
1958 (for treatment after November 1958, see Table 10, published
£/
69
Federal
employees'
retirement
funds
These transactions are included in the detail
2
2/
4/
1,397
1,458
71
10
11
135
6
1
of both trust receipts and trust e^qienditures, but are deducted fro«
the totals.
Excludes certain interfund transactions consisting mainly of f inanci*
interchanges between trust funds resulting in receipts and expenditures (see footnote 2).
Beginning fiscal 1961, tax receipts under the Federal Unemployment Tel
Act are transferred currently to an administration account in the Oneo^loyment Trust Fund pursuant to the Enyloyment Security Act of 196C |
approved September 13, 1960 (42 D.S.C. 1101 (b)); see "Budget Receip'|
and Expenditures," Table 1, footnote 12.
,
J
'
March 1964
13
.TRUST AND OTHER TRANSACTIONS,
Table 3.- Trust, Deposit Fund, and Government -Sponsored Enterprise Expenditures
millions of dollars; nefrative figures are excess of credits!
-n
Trust and deposit funds
Fiscal year
or month
''ederal '^Id-A^e
and Survivors
Insurance Trust
Fund
Federal
Disability
Insurance
Trust Fund
1057
1°58
6,665
1
8, Oil
181
1959
9,380
361
1a6o
lJ6i
1,073
1,752
3,270
1963
I'-'o!
1o6i (Est.^
1%5
(Est.)...
1°63-July
Augus t .
Unemployment
Trust
Fund
Railroad
Retirement
Account
730
778
561
National
Service Life
Insurance
Fund
515
562
86
120
80
5U
Federal
employees
retirement
funds
1,344
1,499
3,650
314
357
390
-32
-18
414
382
-1
4,530
94
96
79
5,359
6,091
1,345
1,428
,129
,144
3,555
3,443
565
68
430
57
1,224
100
91
39
6
1,221
96
35
33
5
5
106
109
108
5
111
5
108
108
1,227
91
1,222
1,217
1,179
105
102
170
92
95
92
230
256
292
36
30
32
1964- January..
February.
1,234
1,253
103
106
99
102
422
205
37
572
Trust and deposit
funds-(Continued)
Fiscal year
or month
Other
trust 2/
1957
195s
,1^59
915 8/'
672 8/
711
697
Deposit
funds
(net)
4
17
Total
trust and
deposit funds
216
-31
-61
12,901
-75
205
-544
21 ,636
15,962
13,363
^
Federal
home loan
banks
Federal
Deposit
Insurance
Corporation
41
929
3
102
176
-42
42
-16
946
-73
317
-730
3,551
110
108
5
Government-sponsored enterprises (net) 4/
arm
Credit
Administration
;
Other
operations
2,945
2,620
2,784
3,017
582
707
626
747
October.
November.
December.
Financing
by Treasury
896
955
1,063
1,183
2,736
4,734 2/
3,906
3,815
282
195
206
Federal National
Mortgage Assoc. 1/
966
1,512
2,613
591
,136
,124
,135
,112
83
Highway
Trust
Fund
699
792
746
1,039
1,259
101
101
30
138
27
345
53
241
179
14
Total
trust
and
other
expenditures
-9
-13
-16
-10
1
Less:
Interfund
transactions 6/
Net trust
and other
expenditures
2/
274
116
562
-124
-628
854
-104
-115
-124
46
-627
1,292
12,947
15,335
19,655
437
396
374
483
182
-487
872
363
-134
-148
-154
484
-239
1,092
685
22,120
23,308
25,669
27,050
908
515
528
505
21,212
22,793
25,141
26,545
29,803
29,849
488
477
29,315
29,372
1.\933
15,325
19,521
10
11
135
1,208
146
23,546
24,577
26,365
1,506
1,875
-116
-17
28,336
29,738
447
413
1,200
-100
-180
-202
1,467
79
114
46
-35
-104
-16
2,124
2,112
2,218
69
115
528
332
298
2,652
1
2,651
-13
7
2,4U
6
1
458
235
290
1
September
2,516
1
2,438
2,515
October.
November
December.
81
60
-172
-9
2,354
2,075
2,319
-1
244
63
66
-115
-13
23
372
-1
240
-115
358
2,594
1,960
2,677
6
16
964- January
February.
103
82
-79
-112
2,454
2,322
12
106
-144
-281
-57
-72
-189
-247
2,265
2,075
335
^^3'.'.'.'.'.'.'.'.'.'.
1964 (Est.)...
1965 (Est.)...
1963- July
August.
1
''und
1,644
3,143
3,054
September
.
Government
Life
Insurance
.
.
See Table 1
Secondary market operations, as provided in the Housing Act of 1954,
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the
Treasury (-)
or repaid to the Treasury, are shown in a separate
column (and correspondingly are reflected net in budget expenditures).
See Table 2, footnote 4.
Includes principally District of Columbia operating expenditures; Funds
appropriated to the President - mutual security trust funds; Indian
tribal funds; expenditures chargeable against increment on gold; and
trijst enterprise funds (net)
The Railroad Unemployment Insurance
Administration Fund is included through November 1958 (see Table 10,
nublished quarterly), the Employees' Life Insurance Fund (net) and
*he Employees Health Benefits Fund (net) beginning 1961.
Previously shown as deposit funds (see Table 1, Note),
Source:
1'
5/
6/
,
.
7/
8/
-161
-4
-23
111
2,592
1,955
1
2,661
2,257
2,063
3
12
Includes banks for cooperatives. Federal intermediate credit banks,
and Federal land banks.
For content see Table 6. These transactions are Included in the
detail of both trust receipts and trust expenditures, but are
deducted from the totals.
Excludes certain interfund transactions consisting principally of
financial interchanges between trust funds resulting in receipts
and expenditures (see footnote 6).
Includes expenditures of the Federal intermediate credit banks which
were operated as trust fund enterprises from January 1
1957, until
January 1959, when these banks were classified as Governmentsponsored enterprises.
,
.
..,
u
Treasury Bulletin
.TRUST AND OTHER TRANSACTIONS.
Table 4.- Investments In Public Debt and Agency Securities (Net)
(In millions of dollars;
negative figures are excess of sales)
Trust accounts, etc.
Fiscal year
or month
Total 1/
Total
trust
accounts,
etc. 1/
Federal
Old-Age and
Survivors
Insurance
Trust Fund
1957
1958
1959
2,339
597
-1,130
2,302
506
-1,232
-499
-1,290
1960
1961
1962
1963
925
855
i93
2,069
760
707
301
1,782
-726
-225
-1,089
-821
196i (Est.)....
1965 (Est.)
2,U6
2,158
2,338
1,8U
487
125
1963-July
August.
September.
-1,253
1,784
-575
-1,270
1,769
-59i
October. .
November.
December.
-1,101
481
260
1964-January.
February.
-1,328
830
. .
.
National
Service
Life
Insurance
Fund
Federal
Disability
Insurance
Trust Fund
Railroad
Retirement
Account
325
729
552
36
-33
-35
274
-1,255
-1,011
95
76
-16
-56
-17
958
404
418
-393
494
264
-78
-63
-41
-952
72
456
62
-44
44
-90
-21
-35
-44
-25
871
-428
1,063
1,034
1,075
233
202
242
220
285
21
Unemployment
Trust
Fund
Government
Life
Insurance
Fund
89
Federal
employees'
retirement
funds
803
671
Highway
Trust
Fund
Federal
intermediate credit
banks 2/
Other
trust
accounts,
etc. 1/
99
28
-100
-24
97
45
27
93
301
-129
1
-147
85
-204
136
629
475
102
234
-19
-8
1,031
886
-68
-140
-726
1,004
-275
-72
46
-4
-71
-7
-53
-125
642
-100
6
-4
6
-3
-4
67
62
68
-22
48
-157
-31
-40
-1,072
492
235
-793
252
-71
-13
-49
-42
-18
-21
-98
9
247
5
-126
7
-3
-4
-4
47
68
64
-82
-87
-46
-99
41
-60
-1,345
822
-884
443
-286
-151
1
-14
-3
94
170
68
112
104
93
77
-78
-19
5
57
-122
33
89
Trust accounts, etc. -( Continued)
Public enterprise funds
Government-sponsored enterprises
Fiscal year
or month
1957
1958
1959
Total
Governmentsponsored
enterprises
1/
39
460
-70
Banks
for
cooperatives
Federal
Federal
Deposit
home
Insurance loan
Corp.
banks
104
115
124
-67
346
-299
102
287
-122
612
Total
public
enterprise
funds
Federal
Housing
Administration
Federal
intermediate
credit
banks 2/
-60
Production
credit
corpora
tions 2/
-40
Federal
National
Mortgage
Association J/
36
78
51
53
166
149
191
287
62
97
-32
36
100
287
497
83
127
-411
-15
-27
17
16
19
25
11
20
4
55
-29
-12
26
-29
23
4
23
-1
-10
-3
17
-1
13
-5
239
434
771
134
148
154
161
1964 (Est.)
1965 (Est.)
180
304
180
202
1963- July..
-412
-1
Aug. .
Sept..
2
18
-7
-34
Federal
intermediate
credit
banks 2/
91
102
I960
1961
1962
1963
30
Federal
land
banks
Oct...
59
Nov, ,
Dec...
393
1
-23
392
1964- Jan...
Feb...
-119
-36
57
72
-176
-109
105
2
1
3
1
See Table 1.
Source:
1/ See Table 1, Note.
2/ See Table 3, footnote 8.
by the Housing Act of
2/ Management and liquidating functions as provided
ij
Federal
Savings and
Loan Insurance Corp,
25
6
14
18
19
17
15
8
18
34
229
269
42
-27
-59
250
349
Tennessee
Valley
Author-
Other
ity
14
14
13
51
18
-12
-29
-10
22
-18
19
13
29
6
Investment includes
1954, approved August 2, 1954 (12 U.S.C. 1721).
guaranteed securities.
Beginning with this period, figures include net transactions in guar•
Less than $500,000.
anteed securities. See also footnote 3.
V
Kiarch
1964
15
.TRUST AND OTHER TRANSACTIONS,
Table 5*- Sales and Redemptions of Government Agency Securities in Market (Net)
(In millions of dollars; negative figures are excess of sales)
Securities guaranteed by the United States
Public enterprise funds
Fiscal year
or month
Total 1/
-1,171
-400
-1,293
Total
guaranteed
-33
Federal
Farm
Mortgage
Corporation
Federal
Housing
Administration
Home
Owners'
Loan
Corporation
Securities not guaranteed by the United States
Trust
enterprise
fund
D.
C.
stadium
fund
Public enterprise funds
Total not
guaranteed
1/
-10
-33
6
-10
-1,780
-1,022
-29
-100
-204
-162
-28
-81
-204
-162
1964 (Est.)....
1965 (Est.)....
-1,681
-581
-143
43
-143
43
-1,539
-625
1963- July
August. ...
September.
-171
-328
-265
-41
-27
-19
-41
-27
-19
-130
-301
-246
October. .
November.
December.
-296
179
-767
-12
-13
-24
-12
-13
-24
-284
192
-743
1964- January. .
February.
289
230
-20
-31
-20
-31
309
261
1957
1958
1959
,
,
-1,746
1960
1961
1962
1963
537
,
6
-1,137
-406
-1,283
-19
-1,717
638
-1,576
-360
Federal
intermediate
credit
banks 2/
Federal
National
Mortgage
Association J/
136
-233
6
797
Home
Owners'
Loan
Corporation
...
Treasury Bulletin
16
pTRUST AND OTHER TRANSACTIONS.
Table 6.- Interfund Transactions Excluded from Both
Net Trust Account Receipts and Net Trust Account Expenditures
(In millions of dollars)
Fiscal year
or month
1957
1958
1959
Federal
Old-Age and
Survivors
Insurance
Trust Fund 1/
Federal Disability
Insurance
Trust
Fund 1/ 2/
Railroad
Retirement
Account
1/
Unemployment
Trust
Fund
V
2/
Federal
employees'
retirement
funds
y
District
of
Columbia 6/
3
,
I960
1961
1962
1963
,
,
,
196i (Est.)...
1965 (Est.)...,
1963-July
August.
September
9
10
124
600
332
361
423
6
13
22
423
418
23
21
1
211
132
101
38
32
37
9
18
10
13
,
Ocitober.
November.
December.
1964- January.
February
Source:
See Table 1.
1/ Payments are made between the Railroad Retirement Account and theFederal 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
2/
Survivors Insurance Trust Fund for administrative expenses.
2/ Includes tenqjorary advances to the Railroad Unemployment Insurance
Account in the Unemployment Trust Fund when the balance in the
12
7
11
4/
^
6/
908
12
13
528
14
16
483
477
1
1
6
1
1
1
1
1
515
505
1
1
6
16
8
12
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
en^loyees' salaries to the Civil Service Retirement and Disability
Fund.
»
10
11
135
10
12
1
1
.
Total
Less than $500,000.
March 1964
17
CONSOLIDATED CASH TRANSACTIONS
Consolidated cash transactions reported in the Treasury-
both.
Noncash items representing the obligations of the
Bulletin are on a basis consistent with Federal receipts from
Government to make payments in the future also are eliminated
payments to the public as derived in the Budget of the
from expenditures currently, but are added later when actual
land
jUnited States (in the Budget for 1965 in Special Analysis A).
payments are made.
jShown also is the SECunt of net cash borrowing from, or repay-
accrued on the public debt and expenditures involving the
ment of borrowing to, the public.
issuance of a few special public debt securities.
Revisions of the figures for
'earlier years have been made where necessary to make them as
These items consist of certain interest
Checks
outstanding, deposits in transit, and other clearing accounts
'nearly con^jarable with current Budget classifications as avail-
are excluded from payments.
|able data will permit.
monetary authority are excluded as not representing cash
For this reason certain of the figures
^differ somewhat from those published in previous Budget doc-
cuments as well as in the Bulletin,
This series of cash transactions is designed to provide
information on the flow of money between the public and the
Federal Government as a whole, and therefore includes transactions not cleared through the account of the Treasurer of
received from the public.
Receipts from the exercise of
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 sales of their
own securities.
It excludes changes in the public debt which
do not represent direct cash borrowing from the public.
The
Receipts and payments include transactions
net effect of all these transactions with the public is re-
both in administrative budget accounts and in trust and deposit
flected in changes in the balance in the Treasurer's account
the United States.
fund accounts.
Major intragovemmental transactions which are
reported as both expenditures and receipts are excluded from
and in cash held outside the Treasury.
..
s
,
18
Treasury Bulletin
•CONSOLIDATED CASH TRANSACTIONS
Table 1.- Summary of Federal Government Cash Transactions with the Public
(In millions of dollars)
Federal receipts from the public
Less:
Federal payments to the public
Equals:
Fiscal year
or month
Administrative budget
receipts
Trust
and other
receipts
(net)
(net)
Intragovernraental and
other
noncash
transactions
(See Table 2)
Total
Federal
receipts
from the
public
Administrative budget
expenditures
(net)
Trust and
other
expenditures (net)
Intragovernmental and
other
noncash
transactions
(See Table 2)
Total
Federal
Excess of
cash
receipts from,
payments
to the
publ i c
public
I
or payinenta
to (-), the
I
I
A
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
70,562
68,550
67,915
77,763
77,659
81,409
86,376
14,301
16,153
16,769
20,342
23,583
24,290
27,689
-2,758
-2,811
-3,025
-3,027
-4,001
-3,834
-4,326
82,105
81,892
81,660
95,078
97,242
101,865
109,739
68,966
71,369
80,342
76,539
81,515
87,787
92,642
12,938
15,325
19,521
21,212
22,793
196i (Est.)
1965 (Est.)
88,400
93,000
30,163
30,872
-4,197
-4,130
114,366
119,742
1963-July
August
September
October
November
December
3,547
7,290
10,095
3,400
7,131
8,803
1,419
3,887
1,830
1,289
2,749
2,230
-273
-216
-274
-266
-264
-530
5,853
8,047
1,088
3,705
-313
-228
54,166
18,198
-2,364
1964- January
February
Fiscal year 196^ to dat
Plus:
80,006
83,472
94,752
94,328
99,542
107,662
113,751
2,099
-1,580
-13,092
25,
26, 545
-1,899
-3,222
-5,111
-3,423
-4,766
-5,266
-5,436
98,405
97,900
29,315
29,372
-5,016
-4,581
122,704
122,690
-8,338
-2,948
4,693
10,960
11,652
4,423
9,617
10,503
7,863
8,305
7,815
8,776
7,784
8,289
2,651
2,438
2,515
2,592
1,955
2,661
-468
545
-781
-629
73
-881
10,045
11,287
9,549
10,740
9,812
10,069
-5,353
-328
2,102
-6,318
-194
433
6,628
11,525
8,492
7,521
2,257
2,063
-902
-191
9,848
9,393
-3,219
2,132
64,845
19,133
-3,234
3,744
-10,744
HI
Cash borrowing from the public, or repayment (-)
Equals:
Cash balances,
net increase, or
Change in securities held by the public
Fiscal year
or month
Public
debt increase, or
decrease (-)
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
1964 (Est.)...
1965 (Est.)...
1963-July
August. .
September
October.
November.
December.
1964-January.
February.
Fiscal year 1964 to date.
750
-2,300
-5,797
-4,012
Net sales
of Government agency
securities i
market 1/
Net investment
in securities by
Government
agencies 2/
Total
Total
Noncash
cash
securities
debt
borrowing
held by
transfrom the
the public,
actions
public,
increase, or (S»ee Table 2) or repaydecrease (-)
ment (-)
decrease (-)
Plus:
Seigniorage
Treasurer'
2/
account
Cash held
outside
the
Treasury
Total
changes
in the
cash
balance
-952
4,299
-4,422
2,651
-1,533
3,854
1,611
-3,392
5,619
10,785
2,446
1,248
10,517
6,612
292
200
-2,160
-597
-536
-923
-1,033
-3,100
49
5,820
8,626
59
44
1,848
712
9,594
5,579
58
45
-2,U6
5,176
3,U3
-810
-550
4,366
2,893
50
55
-3,916
-2,338
1,253
-1,784
-128
-116
-101
-78
-163
-128
271
2
4
575
1,101
-481
-260
399
244
941
1,204
1,112
1,639
128
-193
1,773
1,132
171
328
265
296
-179
767
-5,118
-152
2,938
-5,273
760
2,105
-151
-5,079
-196
2,947
-5,186
759
1,953
-770
1,780
-289
-230
1,328
-830
269
720
-86
-133
183
586
-3,111
2,531
84
194
-3,027
2,724
4,497
1,128
901
6,526
-933
5,594
-5,321
218
-5,103
-2,224
5,816
8,363
1,625
2,640
9,230
7,659
1,171
400
1,293
1,746
-537
1,780
1,022
5,940
5,200
1,681
581
-1,025
1,700
100
-2, 339
-597
1,130
-925
-855
-493
-2,069
Source: Actual figures are based on the monthly statement of receipts and
expenditures of the Government and the daily Treasury statement (for
explanation of reporting bases, see pagell); estimates, including effect
of proposed legislation, are from the 1965 Budget document released
January 21, 1964.
1/ See "Trust and Other Transactions", Table 5, for net sales and redeii93tions
of Government agency securities in market.
2/
2/
53
55
839
5
1,126
949
6
1,511
9
5
47
-956
4,159
-4,399
2,654
-1,311
3,736
1,686
5
140
-23
-4
-222
118
-74
-3,921
39
-43
9
87
See "Trust and Other Transactions", Table 4, for net investments
in public debt and agency securities.
Includes 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.
!
March 1964
19
•CONSOLIDATED CASH TRANSACTIONS'
Table 2,- Intragovernmental and Other Noncash Transactions
(In millions of dollars)
Intragovernmental transactions excluded from both receipts and payments
Civil service retirement 1/
Interest
on trust
fund
investments
Payroll
deductions
for employees
Enployers'
share
1,318
1,342
1,315
1,327
1,404
1,423
1,467
641
660
744
744
838
845
525
579
744
744
838
845
9U
196i (Est.)....
1965 (Est.)
1,578
1,657
1963- July
August
September,
October. .
November.
December.
Fiscal yeeir
or month
Federal
payments
to District
of Columbia
Other 2/
66
37
75
158
133
103
54
914
74
102
88
105
792 4/
561
898
941
954
941
954
94
134
4
41
-77
62
49
302
83
77
81
81
77
76
83
77
26
4
13
81
81
3
1
11
50
86
78
86
78
533
638
638
Noncash
debt
transactions
relating
to receipts
Seigniorage
3/
Total
receipts
adjustments
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
,
.
.
.
1964- January. .
February.
Fiscal year 1964 to date.
76
2,709
2,751
2,980
2,975
3,945
3,776
4,281
49
58
45
2,758
2,811
3,025
3,027
4,001
3,834
4,326
530
378
4,U7
50
55
4,197
4,130
87
16
82
39
2
46
271
213
269
259
259
5
273
216
274
266
264
57
521
9
530
27
94
3
13
303
222
9
6
313
228
73
436
2,317
47
2,364
7
4
4,075
59
44
53
55
4
5
6
Noncash debt transactions relating to payments
Fiscal year
or month
Fiscal year:
1957
1958
1959
I960
1961
1962
1963
Intragovernmental
transactions
(See
above)
2,709
2,751
2,980
2,975
3,945
3,776
4,281
Interest
increment
on savings
and retirement plan
bonds
336
385
383
136
430
496
577
1963- July
August
.
September.
October.
November
December.
271
213
269
259
259
521
75
32
52
1964- January .
February.
303
222
76
84
2,317
485
.
.
.
.
.
Fiscal year 1964 to date.
Adjusted
service
and
armed
forces leave
bonds 6/
United
Nations
funds
bonds
7/
InterAmerican
Development
Bank
International
Development
Association
7/
Total
Internoncash
national debt
Monetary transactions
relating to
Fund 7/
payments
2/
4,U7
.
V
(net)
(net)
1964 Est )
1965 (Est.)....
(
Discount
on
securities
-674
52
-131
418
205
-209
145
119
55
70
772 10/
603 10/
4,075
35
50
81
14
16
50
22
47
48
10
44
25
13
9
22
58
58
14
14
-52
58
-22
Accrued
interest
on the
public
debt S/
Checks
outstanding
and
certain
other
accounts 2/
Total
payments
adjustments
,
20
Treasury Bulletin
.
ACCOUNT OF THE TREASURER OF THE UNITED STATES
Source and Availability of the Balance In the Treasurer's Account
The account of the Treasurer of the United States reflects not only budget receipts and expenditures but also
trust, deposit fund, and public debt transactions.
The working cash of the Treasury la held mainly in
Treasurer's accounts with Federal Reserve Banks and branches.
the same bank.
On ocoaslons, to the extent authorized by th«
Treasury, banks are permitted to deposit In these accounts
proceeds from subscriptions to public debt securities entered^
for their own account as well as for the account of their
cuatomera.
1
they are
The tax and loan account system permits the Treasury]
restored by calling In (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
to leave funds In banks and In the communltlee In which they]
arise until such time as the Treasury needs the funds for itel
the country.
operations.
As the balances In these accounts become depleted,
Deposits
to tax and loan accounts occur In the normal
course of business under a uniform procedure applicable to
all banks whereby customers of banks deposit with them tax
payments and funds for the purchase of Government seourltlee.
In most cases the transaction Involves merely the transfer of
In this way the Treasury Is able to neutralize]
the effect of Its fluctuating operations on bank reservee'j
and the economy.
A detailed description of the Treasury's depositaryi
system may be found in the Annual Report of the 3eoretary-|
of the Treasury for 1955, pages 275-284.
money from a customer's account to the tax and loan account In
Table 1.- Status of the Account of the Treasurer of the United States
(In millions of dollars)
Assets
Treasury operating balance
End of
fiscal
year or
Available
funds in
Federal
Reserve
Banks
month
Tax and loan
accounts in
special
depositaries
Gold in
Treasury
fund
1957
1958
1959
4V«
535
3,7U
1960
504
6,453
5,453
8,815
106
109
1961
1962
i,082
8,218
489
Total
operating
balance
Unclassified
collections,
190
37
49
63
302
287
273
440
365
429
6,037
9,990
58
64
70
337
222
303
375
335
441
8,092
6,769
10,509
5,069
9,030
4,380
259
306
121
7,068
5,969
9,548
253
179
147
401
101
In Federal
Reserve
Banks in
process of
collection
Silver,
coin, and
currency
etc.
In other
depositaries
Total
assets
5,451
Liabilities
Balance in
account of
Treasurer
of U. S.
447
240
100 2/
87
75
79
5,590
9,749
5,350 2/;
8,005
6,694
10,430
1963
806
10,324
120
11,251
136
74 2/
342
313
12,116
1962-Deceiiiber.
597
6,092
126
6,814
162
93'
234
284
7,586
7,509
1963-July
629
705
9i3
5,564
5,389
7,958
131
6,324
135
118
6, .-'29
9,025
148
142
158
39
33
105
202
168
188
285
275
309
6,998
6,845
9,783
6,998
6,846
9,783
Aug-js t
. ,
.
September
12,116
October,
November.
December.
881
2,839
890
880
3,521
5,621
117
133
120
3,837
4,544
6,622
152
135
133
60
130
173
193
174
183
269
288
264
4,510
5,270
7,375
4,510
5,270
7,375
196i- January..
February.
791
2,451
126
134
121
194
59
224
260
376
4,783
3,368
5,928
162
1,02A
354
4,264
6,795
4,264
6,795
Source:
Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were t^'ansf erred to deposi t fund accounts and became
demand obligations of the Treasury. B lances of these funds, therefore, are no longer liabilities within the general account of the
Treasurer. Uncollected items, exchange;
etc . , also previously shown
as liabilities were combined with "Unci;assified collections, etc."
shown under assets. Treasurer's checks outstanding are included
2/
2/
through June 1958, after which they are included in the balance in
the Treasurer's account,
(See footnote 2).
Through June 1958, the balance of the Treasurer was reduced when
Treasurer's checks were issued and the amount of the checks was
carried as a liability until paid. Effective July 1958, the balance
is not reduced until the checks are paid, a procedure also applying
to checks drawn on the Treasurer by Government disbursing officers
and agencies.
Amounts shown, beginning fiscal 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
21
March 1964
ACCOUNT OF THE TREASURER OF THE UNITED STATES
,
Table 2.- Analysis of Changes In Tax and Loan Account Balances
(in millions of dollars)
Credits
e^s from sales of securities
Fiscal year
or moLth
SairinfTS
bonds
Retirement
plan
bonds
oo'^
I960
7,531
7,73i
7,613
5,?9S
1961
1962
.''.699
1963
Income (by
special
and
arrangeexcise £/ ment) 2/
Tax
anticipation
securities
5,043
1937
1958
1959
1_/
Withheld
6,568
13,513
.''6,709
Ui
li??'?
13,
3,774
.',963
8,369
8,055
1,078
:'9.19j
8,218
3,744
33,059
34,511
37,519
6,053
9,142
6,521
57,496
55,842
56,438
54,732
56,847
53,076
6,458
5,453
8,815
6,453
7,653
3,889
1,390
4,103
1,161
1,531
4,457
41,267
6,835
57,595
56,035
10,324
10,324
2,535
5,325
3,933
1,596
5,738
5,374
6,092
,73-'
4,560
79
1,970
5,175
8,335
6,73c
5,350
5,765
5,564
5,389
7,958
10,257
5,339
3,100
5,43?
4,-11
3,169
7,076
5,031
5,432
1,694
4,704
6,892
6,813
4,022
4,792
2,839
8,090
3,613
2,434
5,970
2,428
4,565
3,076
4,08J
1,325
5,707
4,995
3,375
2,451
4,783
6,005
4,891
2,166
2,323
1,633
-:'31
4,
::04
4,40(1
3,730
1,412
60
475
1964-January
February
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports
Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U. S. Government obligations
purchased by tnem for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues
Taxes eligible .for credit consist of those deposited by taxpayers .in
Withheld income tax beginning
the depositary banks, as follows:
"'4 3
4,504
4,449
1,748
23
1,499
5,459
Source:
1/
^3
4,36.
.'53
Septembe:
p>iruod
46 JCO
50,908
62,994
1963-July
October.
Novembe"
December
^nd of
45,448
55,044
53,520
:n9
.
Withdravals
4,152
7,903
5,919
?7,."31
1962-Dec ember
AuJTiSt.
Total
credits
2/
»
,
3,521
5,621
6
,
1
38
.11
;
7,241
3,246
3,638
4,151
3
,405
3,459
March 1948; taxes on employers and employees under the Federal
Insurance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax Act beginning July 1951; and a number of
excise taxes beginning July 1953.
Under a special procedure begun in March 1951, authorization may be
given for income tax payments, or a portion of them, Olade 'D/ checks
of $10,003 or more drawn on a special depositary bank, to be credited
This procedure is
to the tax and loan account in that bank.
followed during some of the quarterly periods of heavy tax payments.
Less than 5500,000.
..
...
Treasury Balletiil
22
'ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table 3.- Summary of Cash Transactions through the Account of the Trea«irer
of the United States
(In millions of dollars)
Net cash transactions other than borrowing
Period
Fiscal year:
1957
1958
1959
Deposits and withdrawals (budget,
trust, and other accounts)
Excess of deposits,
or withdrawals (-)
Clearing
accounts
Plu3:
Net cash borrowing, or repayment of
Total net
transactions
borrowing
(-)
Treasurer's
account balance, increase, or decrease (-)
Equals:
Cash
deposits
Cash withdrawals 1/
81,875
82,094
77,279
85,015
93,736
4,596
-2,921
-12,124
-1,904
1,827
-306
2,692
-1,094
-12,430
-3,648
5,253
8,032
-956
4,159
-4,399
1,044
-877
-6,278
-4,023
309
-510
1,259
1,039
1,353
-1,387
-5,018
-2,984
1,301
76
8,755
4,670
2,654
-1,311
3,736
1,686
-8,283
-2,893
4,366
2,893
-3,916
-5,118
-152
2,938
81,(')12
2/
1960
1961
1962
1963
105,911
114,454
93,817
97,774
112,188
118,477
1964 (Est.)..
1965 (Est.)..
114,416
119,797
122,699
122,690
-8,283
-2,893
1963-July
August..
September.
5,512
11,764
11,654
10,339
11,857
9,142
-4,826
-94
2,512
-477
-85
-332
-5,303
-179
2,180
185
October,
November.
December.
4,852
10,123
-6,380
-230
1,141
150
-433
-6,229
-229
708
956
988
10,401
11,232
10,354
9,261
1,397
1964- January.
February.
7,278
12,187
11,084
10,874
-3,806
1,313
520
672
-3,285
1,985
174
546
-3,1U
F.Y. 1964 to date.
73,773
84,143
-10,370
18
-10,352
5,031
-5,321
94,862
96,897
.
.
.
Actual figures are based on the daily Treasury statement; estimates,
including effects of proposed legislation, are from the 1965 Budget document, released January 21, 1964.
Figures in the first four columns of
this table may differ somewhat from those originally published in the
daily Treasury statement because of subsequent reclassification of
certain transactions.
Source:
2
1/
2/
26
758
-5,273
760
2,105
2,531
Beginning with the February 1963 Bulletin figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included under cash withdrawals. See footnote 1.
March 1964
23
DEBT OUTSTANDING
Table 1.- Summary of Federal Securities
(In millions of dollars)
Total outstanding
Interest-bearing debt
Matured
Total 1/
month
Public
debt 2/
Guaranteed
securities
2/
Total
107
101
111
268,592
274,798
281, 94A
268,486
274,698
231,833
106
140
240
283,241
285,672
139
240
Public
debt
1957
1958
1959
270,634
284,817
270,527
276,343
234,706
I960
1961
1962
286,471
289,211
298,645
286,331
288,971
298,201
4A4
283,380
285,911
294,886
U2
1963
306,466
305,860
607
302,559
301,954
1962-December.
303,988
303,470
518
299,726
1963- July
August.
304,835
September
305,482
307,209
307,328
306,635
647
674
693
October.
November.
December.
307,147
308,933
310,089
306,4A2
308,215
309,347
309,339
311,150
308, 577
.
1964- January .
February
336, 535
310,357
Guaranteed
securitles
Total
Matured
2,042
1,646
2,873
3,090
3,299
3,759
445
4U
3,090
3,300
3,759
605
3,907
3,906
299,209
517
4,262
301,583
303,197
303,356
300,938
302,525
302,664
645
673
692
705
718
742
303,163
304,811
3J5,955
302,458
304,093
305,213
704
717
762
793
305,254
306,919
304,499
306,132
294,
101
110
^
Special notes to -
?,042
1 646
2,873
,
529
597
476
International
Monetary
Fund
International
Development
Association
InterAmerican
Devel opment bank
1,068
618
1,979
Other
6/
4"iO
417
438
115
55
310
2,922
129
125
420
4,261
551
3,012
151
125
422
3,898
4,011
3,972
3,896
4,010
3,971
263
310
273
2,961
3,028
3,028
129
129
129
125
125
125
418
417
416
741
3,984
4,122
4,134
3,984
4,121
4,133
264
336
349
3,036
3,036
3,036
129
187
164
125
125
125
430
438
459
755
787
4,085
4,231
4,078
295
/.,22S
111
3,036
3,166
164
164
125
125
459
459
58
Consists of Federal Housing Administration debentures, and also D. 0.
Armory Board stadium bonds beginning July 1959.
Special notes of the United States Issued to the International Monetary
Fund, the International Development Association, and the Inter-American
Development Bank in payment of part of the U. S. subscription to each.
For current month detail, see "Statutory Debt Limitation," Table 2.
For
amounts subject to limitation, see page 1.
Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their obligations were issued to tlie
Treasury (see Table 6).
Held outside the Treasury.
y
444
407
396
484
349
Guaranteed
securities
matured)
(
2,238
2,496
2,667
Daily Treasury statement.
Source:
Includes certain obligations not subject to statutory limitation.
1/
y
and debt bearing no interest
Public debt
End of
fiscal
year or
2/
debt,
6/
Table 2.- Computed Interest Charge and Computed Interest Rate on Federal Securities
(Dollar amounts in millions)
Computed annual interest rate
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstandi
Public debt
and guaranteed securities 1/
Computed annual
interest charge
Public
debt
Public debt
and guaranteed securities 1/
Public
debt
Public debt
Total
interestbearing
securities
Marketable issues
Total
public
debt
Total
Treasury
bonds
Certificates
Special
Issues
Guaranteed
securities
1/
JZ_
1957
1958
1959
268,592
274,798
281,944
268,486
274,698
281,833
7,328
7,248
8,069
7,325
7,245
8,066
2.730
2.638
2.867
2.730
2.638
2.867
2.707
2.546
2.891
3.197
1.033
3.316
3.345
3.330
2.842
2.504
2.806
3.304
2.482
2.576
2.619
2.853
2.892
2.925
2.635
2.630
2.694
2.611
2.622
2.628
1960
1961
1962
1963
283,380
285,911
294,886
302,559
233,241
285,672
294,442
301,954
9,320
8,769
9,534
10,141
9,316
8,761
9,519
10,119
3.297
3.072
3.240
3.361
3.297
3.072
3.239
3.360
3.4A9
3.063
3.285
3.425
3.815
2.584
2.926
4.058
3.704
2.639
2.829
3.122
3.081
4.721
3.073
3.377
3.233
3.3U
3.219
3.330
3.364
3.412
2.772
2.803
2.891
3.003
2.681
3.144
3.500
3.658
1962-December.
299,726
299,209
9,859
9,341
3.293
3.297
3.357
2.989
3.362
3.852
3.241
3.395
2.898
3.584
3.375
3.403
3.428
3.374
3.402
3.428
3.440
3.479
3.512
3.147
3.248
3.340
3.283
3.216
3.213
3.921
3.902
3.899
3.3a
3.359
3.416
3.415
3.419
3.433
3.018
3.043
3.039
3.673
3.685
3.700
3.718
3.728
3.736
3.740
3.751
1963- July
August...
3.680
3.921
September
301,583
303,197
303,356
300,938
302,525
302,664
10,151
10,290
10,368
10,^23
10,265
10,342
October..
November.
December.
303,163
304,811
305,955
302,458
304,093
305,213
10,457
10,561
10,631
10,431
10,534
10,603
3.460
3.476
3.487
3.460
3.476
3.486
3.545
3.564
3.578
3.469
3.538
3.596
3.213
3.250
3.250
3.918
3.863
3.862
3.417
3.417
3.417
3.436
3.438
3.U3
3.035
3.104
3.103
305,254
306,919
304,499
306,132
10,665
10,800
10,636
10,770
3.506
3.532
3.506
3.531
3.602
3.637
3.670
3.689
3.250
3.250
3.848
3.863
448
3.446
3.447
3.107
3.124
1964- January .
February.
[Source:
On the basis of the daily Treasury statement.
(Note:
The computed annual interest charge represents the amount of interest
•
Bills
Nonmarketable
issues
that would be paid if each interest-bearing issue outstanding at the end
of each month or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date ( the amount actually borrowed in the case of
securities sold at a premiujn or discount, beginning with May 1960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.
The average annual interest
1/
2/
2/
4/
.457
the total, or for any group of issues, by the corresponding princiBeginning with data for December 31, 1958, the compupal amount.
tation is based on the rate of effective yield for issues sold at
premium or discount. Prior to that date it was based on the coupon
rate for all issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
.
.,
Treasury Bulletin'
24
DEBT OUTSTANDING
-1
Table 3.- Interest -Bearing Public Debt
(
In millions of dollars)
Public issues
Total
interestbearing
public
debt
End of
fiscal
year or
month
Nonmarketable
Marketable
Total
public
issues
Treasury
Total
Bills
Certif-
icates
Treasury
bonds 1/
Notes
savings
bonds
bonds,
investment
series
U.
Total
S.
Depositary
bonds
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
Other
Special
issues
i/
46,827
46,246
44,756
281,833
221,658
228,452
237,078
155,705
166,675
178,027
23,420
22,406
32,017
20,473
32,920
33,843
30,973
20,416
27,314
80,839
90,932
84,853
65,953
61,777
59,050
54,622
51,984
50,503
11,135
9,621
8,365
196
171
183
283,241
285,672
294,442
238,342
240,629
249,503
133,845
187,148
196,072
33,415
36,723
42,036
17,650
13,338
13, 547
51,483
56,257
65,464
81,297
30,830
75,025
54,497
53,481
53,431
47,544
47,514
47,607
6,783
5,830
4,727
170
117
138
860
75
19
25
1963
301,954
257,153
203,508
47,230
22,169
52,145
81,964
53,645
48,314
3,921
103
648
630
29
44,801
1962-Dec.
299,209
255,784
203,011
48,250
22,710
53,679
78,371
52,772
47,535
4,U3
110
360
299
26
43,426
1963- July,
Aug.
257,214,
257,006
258,014
203,491
203,233
204,282
47,222
47,219
48,218
22,169
16,988
15,494
52,154
58,562
54,114
81,946
80,463
86,456
53,723
53,773
53,732
48,427
48,549
43,597
3,899
3,882
3,813
103
102
101
610
505
43,724
45,519
488
655
705
705
29
29
Sept,
300,938
302,525
302,664
28
U,650
Oct.
Nov.
Dec.
302,458
304,093
305,213
259,175
260,540
261,555
205,347
206,551
207,571
49,720
50,521
51,539
15,493
10,939
10,939
53,695
58,666
58,680
86,439
86,424
86,413
53,828
53,989
53,984
48,687
48,793
48,827
3,719
3,704
3,685
99
559
98
98
632
582
735
735
760
29
23
43,283
43,553
43,658
1964- Jan.
304,499
306,132
262,581
263,249
208,589
209,218
52,547
53,550
10,939
4,198
56,U4
88,658
37,013
53,993
54,031
48,925
49,046
3,649
3,638
97
97
505
760
760
56
268, /V86
1957
1958
1959
27-i,698
I960
1961
1962
Feb.,
64,457
Source:
Daily Treasury statement,
1/ Includes $50 million of Panama Canal bonds for fiscal years 1957-60.
2/
Conaists'of certificates of indebtedness and from January 1963 Treasury
notes sold to foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
4/
435
32
44,399
45,043
U,939
41,917
42,883
indebtedness and from October 1962 Treasury bonds Issued and
payable in designated foreign currencies.
Includes mainly Treasury bonds. Rural Electrification Administration series beginning July I960 and retirement plan bonds beginning
January 1963.
Table 4.- Average Length and Maturity Distribution of Marketable Interest-Bearing Public Debt
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
years
1
-
5
5
- 10
years
10 - 20
20 years
years
and over
Average length
1957
1958
1959
155,705
166,675
178,027
71,952
67,782
72,958
40,669
42,557
58,304
12,328
21,476
17,052
26,407
27,652
21,625
4,349
7,208
8,088
4 yrs.
5 yrs.
4 yrs.
9 DO!
I960
1961
1962
1963
183,845
187,148
196,072
203,508
70,467
81,120
38,442
85,294
72,
8U
53,400
57,041
58,026
20,246
26,435
26,049
37,385
12,630
10,233
9,319
8,360
7,658
10,960
15,221
14,444
4 yrs.
4 yrs.
4 yrs.
5 yrs.
4 mo!
6 moi
11 moi
1962-December.
203,011
87,284
61,640
33,983
4,565
15,539
4 yrs.
11 mof
203,491
203,233
204,282
35,286
35,976
33,070
58,035
60,856
53,085
37,376
33,622
39,100
8,359
8,359
8,358
14,435
5
5
15,669
5
yrs.
yrs.
yrs.
mo.
U,420
205,347
57,673
56,660
58,487
39,097
37,500
35,682
8,358
8,358
8,357
15,658
15,648
15,642
5
yrs.
yrs.
yrs.
mo:
207,571
84, 556
88,385
89,403
208,589
209,218
88,445
85,046
57,509
63,392
37,900
36,053
8,357
8,357
16,378
16,372
5
1963- July
August.
September,
,
.
.
October.
November.
December,
1964-January..,
February.
206, 551
Office of Debt Analysis in the Office of the Secretary,
Source:
1/ All issues are classified to final maturity except partially tax-exenqjt
5
5
5
3 mO!
7
1110!
1 mo.
go.
moi
mO!
no
yrs.
yrs.
The last of
bonds, which have been classified to earliest call date.
these bonds were called on August 14, 1962, for redemption on
December 15, 1962.
,
March 1964
25
DEBT OUTSTANDING
Table 5.- Special Public Debt Ipeueo to United States Government Investment Accounts
[
End of fiscal
year or month
195''
Total
46,827
46, 2i6
1958
1959
U,756
Federal
Deposit
Insurance
Corporation
Federal
Disability
Insurance
Trust
Fund
718
673
629
325
996
1,533
Federal
Federal Old-Age
anii
home
loan
Survivors
Insurance
banks
Trust Fund
50
165
165
In
millions of dollars)
Federal
Savings
and Loan
Insurance
Corporation
Federal
employees'
retirement
funds
Government
Life
Insurance
Fund
Highway
Trust
Fund
National
Service
Life
Insurance
Fund
Postal
Savings
System
1/
Railroad
Retirement
Account
Unemployment
Trust
Fund
Other
2/
19,463
18,610
17,227
103
112
116
7,394
7,738
8,603
1,200
1,144
1,127
404
822
429
5,570
5,665
5,742
3,475
3,531
3,417
7,996
6,671
5,636
123
120
126
104
138
182
9,397
10,414
11,382
1,107
1,071
1,028
1
436
5,803
5,759
5,804
3,586
3,504
3,316
5,530
4,625
4,657
138
192
156
12,438
1,003
678
5,714
I960
1961
1962
44,899
45,043
44,939
694
556
500
2,017
2,299
2,304
74
16,413
16,200
15,074
1963
44,801
260
2,165
372
14,221
2,786
4,803
263
1962-December
43,426
a}
2,145
51
13,669
119
11,707
1,002
235
5,763
2,996
5,108
139
1963-July
August,
September
43,724
45,519
44,650
259
277
270
2,094
108
86
126
13,495
98
2,140
2,136
999
997
992
655
704
547
5,720
5,726
5,731
2,313
2,807
2,754
4,678
5,322
14,224
12,436
12,548
12,616
372
318
315
283
October.
November.
December.
43,283
43,553
43,658
273
71
72
2,045
1,974
1,925
130
76
324
13,302
13,571
13,648
12,664
12,755
12,819
989
985
981
465
378
332
5,740
5,745
5,752
2,712
2,708
2,687
4,678
4,929
4,304
187
314
263
1964-January..
February,
41,917
42,883
75
183
1,845
1,833
140
65
12,764
13,207
12,857
12,914
967
964
400
512
5,601
5,603
2,t09
2,590
4,315
4,630
286
299
.
5-1
50
14, 500
46
51
59
84
Source:
Daily Treasury statement.
X/ Includes Canal Zone Postal Savings System through 1959,
2/
Consists of:
Adjusted Service Certificate Fund (through December 1956),
234
26
4,
various housing insurance funds. Veterans' Special Term Insurance Fund,
and beginning March 1963, the Exchange Stabilization Fund,
Less than $500,000.
.
,
,
Treasury Btilletin
26
,
DEBT OUTSTANDING
Table 6,- Treapury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollarsj
Housing and Home
Finance Agency
Agr i cul ture Department
Agency
End of
fiscal
year or
month
Total
for
International
Development 1/
Rural
Commodity
ElectriCredit
fication
CorpoAdminisration
tration
Secretary:
Farmers'
Home
Administration
programs
ExportImport
Bank of
Washington
3/
Adiiinis-
trator
4/
Federal
National
Mortgage
Association 5/
Saint
Public
Housing
Administrat
ion
Lawrence
Seaway
Development
Corporation
1957
1958
1959
22,731
21,859
25,343
1,198
1,138
1,164
13,383
11,528
12,874
2,519
2,728
2,923
265
256
323
1,205
1,528
1,937
282
476
730
1,741
1,50 2
2,351
41
35
27
i960
1961
25,636
2f ,011
1,138
1,107
1,062
3,155
3,332
3,484
3,657
369
456
854
1,027
1,636
1,698
1,830
1,476
977
1,213
1,567
2,005
2,338
3,202
3,167
2,716
29
32
32
25
1,778
3,166
33
121
54
96
123
123
123
1962
1963
,
1962-December.
1963- July
August. . ,
September,
,
October,
November,
December,
1964-January.
February,
,
.
807
12,704
11,534
12,990
13,599
28,7i8
818
12,884
3,572
973
1,680
27,335
27,723
27,744
757
757
757
11,380
12,205
12,280
3,737
3,737
3,737
1,053
1,062
1,067
1,281
1,290
1,275
2,033
2,085
2,085
2,u82
2,642
2,609
28,149
28,490
28,748
756
756
746
12,618
12,913
13,250
3,830
3,830
3,749
1,104
1,105
1,093
1,259
1,302
1,274
2,115
2,140
2,130
2,580
2,558
39
2,54:=
65
29,131
29,253
746
746
13,361
13,532
3,839
3,839
1,14'
1,139
1,239
1,234
2,220
2,257
2,556
2,523
154
28,634
29,166
Source: Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury,
Further detail may be found in the 1962
Annual Report of the Secretary of the Treasury, page 850, and the 1963
Combined Statement of Receipts, Expenditures and B-^lances of the United
States Government, pages 505-506,
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
1/
previously issued by the Administrator in connection with informational
media guaranties.
The obligations for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U,S,C, 1442), and the notes together with
others issued for the same purpose are included in "Other,"
Farm
housing and other loan programs, and Agricultural Credit Insurance
2/
Fund ( formerly Farm Tenant Mortgage Insurance Fund)
2/ Includes securities transferred from the Reconstruction Finance Corporation, but excludes securities issued under the Defense Production
Act,
Consists of notes issued to borrow for:
The urban renewal program
^
61
37
60
^
7/
Val ley
Authority
Veterans'
Administration:
Direct
loan
program
Under
Defense
Production
Act
of 1950
Other
7/
6/
97
112
733
780
930
1,294
1,723
1,950
118
1,1«
121
121
123
1,330
1,530
1,730
1,970
1,964
1,976
1,923
22
22
640
1,936
22
1,730
1,^30
1,730
1,922
1,912
1,912
34
35
1,730
1,730
1,730
1,911
1,911
1,911
35
35
35
1,730
1,730
1,910
1,987
33
50
1
50
50
75
123
123
122
50
50
122
122
75
50
50
,
21
1?
22
21
29
34
34
college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
Administrator in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred fron
tJhe Heconstruction Finance Corporation.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of the Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury,
Secretary of the Treasury; Sn.all
Consists of notes issued by the:
Business Administration, fiscal year 1957; United States Information
Agency for informational media guaranties (see footnote 1);
Secretary of Commerce (Maritime Administration) for the Federal
Ship Mortgage Insurance Fund fiscal years 1959-61, and 1963-64,
beginning March 1963; Virgin Islands Corporation beginning fiscal
1960; and District of Columbia Commissioners for the Stadium
Sinking Fund beginning June 1962.
(formei'ly slum clearance program);
^
Tennessee
March 1964
27
,
Table 7.
Interest-Bearing Securities Issued by Federal Agencies But
Not
Guaranteed by the United States Government
(
End of fiscal
year or month
Federal
home loan
banks 1/
Federal
intermediate
credit banks
Federal land
banks 2/ 2./
Federal National
Mortgage Association
Management
and liquidating issues
5,013
5,423
6,708
179
199
284
738
456
992
924
1,159
1,456
1,552
1,646
1,888
I960
1961
1962
8,407
7,765
9,332
330
382
430
1,259
1,055
1,797
1,600
1,723
1,855
2,137
2,357
2,550
570
797
797
797
Tennessee
Valley
Authority
All other
issues
1,050
1,165
1,290
2,284
2,198
2,556
145
50
1963
10,192
459
2,770
2,133
2,725
1,960
U5
1962- December.
10,133
504
2,707
1,727
2,628
2,422
145
1963- July
August . . .
September.
10,322
10,624
10,870
459
473
473
2,816
3,036
3,299
2,202
2,232
2,233
2,725
2,796
2,796
1,950
1,916
1,899
170
170
170
11,151
10,958
11,705
526
526
588
3,599
3,599
4,363
2,139
2,027
1,952
2,834
2,334
2,834
1,884
1,792
1,788
170
180
180
11,395
11,111
588
588
4,043
3,653
1,964
2,018
2,834
2,886
1,786
1,786
180
180
1964-January. .
February,
.
Source:
Office of Debt Analysis and agency reports.
Note:
The securities shown in the table are public offerings,
jl/
,
Total
Banks for
cooperatives
In millions of dollars)
1957
1958
1959
October. ,
November,
December.
I
DEBT OUTSTANDING
The proprietary interest of the United States in these banks ended
in July 1951.
2/
2/
The proprietary interest of the United States in these banks ended in
June 1947.
Figures do not include securities which are issued for use as collateral for commercial bank borrowing and not as a part of public
Includes small amounts owned by Federal land banks.
offerings.
:
28
Treasury Bulleti.
STATUTORY DVST LIMITATION
The Second Liberty Bond Act (31 U.S.C. 757b), as amended by
an act ^proved June 30, 1959, provides that the face amount of
ohlij-iLions issaed 'nder authority of that act, and the face
amount of obligations guaranteed as to principal and interest
by the United States (except g-aaranteed obligations held by
t:.e Secretary of the Treasury) shall not exceed in the aggregate |285 billion outstanding at any one time. The corresponding limitation in effect under the act of June 26, 1946,
was .J275 billion and that under the act of September 2, 1958,
was '^233 billion. In addition, temporary increases have been
authorized as follows:
|6 billion from August 28, 1954,
through June 30, 1956 (acts of August 28, 1954, and June 30,
1955); 13 billion from July 1, 1956, through June 30, 1957 (act
of July 9, 1956); $5 billion from February 26, 1958, through
June 30, 1959 (act of February 26, 195S); 310 billion frcra
July 1, 1959, through Tune 30, I960 (act of June 30, 1959); $8
billion fron July 1, I960, through June 30, 1961 (act of June
30, I960); $13 billion from July 1, 1961, through March ir,
1962, and |15 billion from March 13 thrajgh June 30, 1%2 (acts
of June 30, 1961, and March 13, 1962); |23 billion from July 1,
1962, thro'jgh March 31, 1963, $20 billion from April 1 through
May 2.?, 1963, |22 billion from May 29 through J'lne 30, 1963,
and .'524. billion from July 1 through June 30, 196^ (acts of
July 1, 1962, May 29, 1963, August 27, 1963, and November 26,
1963, and an additional $6 billion, making a total of |30 billion, from December 1, 1963, through June 29, 1964 (act of
November 26, 1963).
Table 1.- Statue Under Limitation February 29, 1964
i
(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.C. 757b), as increased temporarily by the act of November 26, 1963
3i;,000
|
Amount of secuirities 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
t
309,993
'^93
310 , 786
Total amount of securities outstanding subject to statutory debt limitation
^,21^
Balance issuable under limitation
Source:
Daily Treasury statement.
Table 2.- Application of Limitation to Public Debt and Guaranteed Securities
Outstanding February 29, 1964
(In millions of dollars)
Class of security
Public debt
Interest-bearing securities:
Marketable:
Treasury bills
Certificates of indebtedness
Treasury notes
Treasury bonds
Subject to statutory
debt limitation
Not subject to statutory
debt limitation
Total
outstanding
:
Total marketable
53,550
53,550
i,198
6i,i57
87,013
4,198
64,457
87,013
209,218
209 , 218
275
160
275
160
30
730
730
Nonmarketable
Foreign series:
Certificates of indebtedness
Treasury notes
Foreign currency series:
Certificates of indebtedness
Treasury bonds
Treasury certificates
Treasury bonds
U. S. savings bonds ( current redemption value)
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, investment series
Treasury bonds, R. E. A. series
Total nonmarketable
Special issues to Government agencies and trust funds
Total interest-bearing securities
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
Special bonds of the United States:
United Nations Children' s Fund series
United Nations Special Fund series
United States notes (less gold reserve)
Deposits for retirement of national bank and Federal Reserve Bank notes
Other debt bearing no interest
Total debt bearing no interest
Total public debt
Guaranteed securities:
Interest-bearing
Matured
30
5
5
20
20
49,046
49,046
5
5
97
97
3,638
3,638
25
25
54,031
5^,031
42,883
306,132
309
53
1
3,166
164
125
6
37
191
112
59
3,553
361
309,993
1/
Total guaranteed securities
Total public debt and guaranteed securities
787
5
793
310,78
364
March 1964
29
PUBLIC DEBT OPERATIONS
Table 1.- Maturlty Schedule of Interest-Bearing Public Marketable Securities
Outstanding February 29, 1964
Other Than Regular Weekly Treasury Bills
Treasury BalletL
30
PUBLIC DEBT OPERATIONS
Table 1.- Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding February 29, 1964
Other Than Regular Weekly Treasury Bills - (Continued)
31
March 1964
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
(Anoimts In mlllloDs of dollara)
DeBcrlption of Dev Issue
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Amount of bids accepted
Total
amount
On conpetitive basis
On nonconpetitlve basis 2/
In
exchange
Amount
maturing on
issue date
of new
offering
Total of
unoatxired
Issues outstanding after
new issues
Begnlar weekly bills;
1963-Nov.
7
Nov.
U.
Nov.
21.
Nov.
29.
1964-reb.
May
6
Feb.
7
2,051.1
1,219.0
1,300.5
800.0
1,052.3
737.6
248.2
62.3
136.2
53.1
1,301.3
801.8
16,910 .5
21,807 .8 2/
13
May
U
91
132
2,201.4
1,431.4
1,302.1
800.6
1,054.3
724.7
247.8
66.4
15.3
4.1
1,300.3
800.7
16,911 .7
21,807 .S2/
Feb.
20
21
91
182
2,320.7
1,431.4
1,201.6
800.3
922.7
724.3
278.9
76.0
189.2
75.1
1,300.9
800.4
16,812 .4
21,807 .7 2/
27
28
90
181
1,987.0
1,614.3
1,201.3
801.7
981.6
744.3
219.7
57.4
120.8
42.5
1,300.2
301.3
16,713 .6
21,808 .12/
91
182
1,909.9
1,312.9
1,300.5
800.0
1,079.9
745.2
220.7
54.7
269.1
102.7
1,300.9
800.2
16,713 .2
21,807
May
Feb.
May
Mar.
June
Dec.
91
182
Dec.
12.
Mar.
June
12
11
91
132
2,176.1
1,769.2
1,300.3
801.0
1,035.7
726.9
264.6
74.0
135.9
64.8
1,300.1
800.9
16,713 .4
21,807 .9 2/
Dec.
19.
Mar.
June
19
18
91
182
2,009.9
1,576.4
1,301.3
300.2
1,025.0
729.9
276.3
70.3
221.2
86.2
1,300.8
800.7
16,714 .0
21,807 3 2/
26
25
91
182
2,043.1
1,724.4
1,089.3
26.
Mar.
June
1,309.1
Dec.
219.7
60.3
128.1
63.3
1,301.1
798,3
16,722
21,812
91
182
2,085.4
1,301.3
800.5
1,088.3
755.3
212.6
173.8
82.5
1,300.8
45_.l
800.0
16,722.5
21,813.2 2/
Apr.
196iV-Jan.
July
Jan.
Jan,
16..
Jan.
23.
Jan.
30p.
Feb.
6p
Feb.
13p
Apr.
9
9
91
132
2,050.9
1,388.2
1 , 300
July
800.4
1,021.8
734.4
279.1
66.0
145.3
62.6
1,301.3
800.4
16,722.0
21,313.3 2/
Apr.
16
16
91
182
2,349.1
1,741.1
1,301.1
800.4
973.8
708.3
327.3
92.2
18.0
3.3
1,300.4
800.1
16,722.6
21.813.6 2/
23
23
91
182
2,634.9
1,733.4
1,303.4
300.6
1,037.5
732.2
265.9
68.5
156.4
62.4
1,302.4
800.5
16,723.7
21.813.7 3/
30
30
91
182
2,167.1
1,572.0
1,300.5
300.3
1,061.3
739.5
239.2
60.8
80.0
32.3
1,300.3
799.9
16,723.8
21,814.1
May
7
Aug.
6
91
182
2,084.1
1,658.6
1,300.5
900.4
1,057.7
839.9
242.7
60.6
105.4
63.1
1,300.5
900.6 2/
16,723.8
21,813.9 2/
May
Aug.
14
91
182
2,464.6
1,726.9
1,302.6
900.9
1,036.1
834.7
266.5
66.1
13.8
3.4
1,302.1
900.2 2/
16,724.3
250.4
64.2
179.0
83.5
1,201.6
900.8 2/
16,723.8
21.314.8 2/
1,201.3
900.6
16,724.2
21»ai6.0 2/
July
Apr.
July
Apr.
Feb.
20p
Feb.
27p
1,U6.8
7U.0
804.
July
13
.
91
182
2,195.1
1,901.2
1,201.1
901.0
950.8
836.8
27
91
182
2,137.8
1,677.7
1,201.7
901.8
996.3
846.6
205.4
55.2
116.9
63.6
23
22
160
159
2,958.1
2,780.3
2,001.2
2,500.8
1,869.1
2,394.5
132.2
106.3
6.6
15
15
15
31
30
365
366
366
363
365
5,2U.4
Apr.
July
Aug.
Sept.
4,047.6
4,495.2
2,631.7
2,395.4
2,496.2
2,500.8
1,997.9
1,001.1
1,002.0
2,252.9
2,310.0
1,783.0
936.9
954.9
243.2
190.7
214.9
64.3
47.0
38.6
84.1
9.0
Oct.
Nov
Dec
31
30
31
362
363
363
1,890.9
2,794.5
2,113.3
1,000,3
1,004.8
1,000.3
966.3
844.5
972.6
33.9
160.3
27.7
1965-Jan.
31
Feb.
28
360
362
2,211.9
2,412.3
1,000.4
1,000.5
969.8
981.1
30.6
19.4
May
21
Aug.
20
May
Aug.
28
196il-Mar.
2/|
y
21,8U.6 2/
Tax anticipation bills:
1%3-Oct.
1964-Jan.
15
15
June
2,001.2
4,502.1
One-year bills;
1963- Jan.
Apr.
July
Sept.
Oct.
Nov .
Dec.
1964-Jarf.
Feb.
Mar.
15.
15.
15.
3.
1.
A.
3
3
6p.
3p.
1%4-Jan.
2/
2.500.1
V
2.496.2 i/
9,000.6
9,500.6
9,495.0
10,496.1
11,498.1
8,998.0
9,998.2
11,003.0
12,003.3
9,507.2
10,507.6
11,508.1
competitive
bidder are accepted in full at average price of accepted
Bureau of the Public Debt. Preliminary figures are from subscripstipulated in
bids; for other issues, the corresponding amount is
tion and allotment reports; final figures are on "clearance" basis in
each offering announcement.
daily Treasury statement.
October 28, 1963.
2/ Includes strip bills issued
The 13-week bills represent additional issues of bills with an original
Matured October 15, 1963.
maturity of 26 weeks.
Matured January 15, 1964.
For 13-week issues, tenders for $200,000 or less, and for 26-week issues
beginning June 11, 1959, tenders for $100,000 or less from any one
(Continued on following page)
Source:
1/
2,001.3
2,000.8
2,003.6
y
7
)
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS
Table 2.- Offerings of Treasury Bills
Average price
per hundred
99.116
98.190
3.564
3.678
99.103
98.150
1.98.150
3.524
3.660
f 99. 130
198.175
.480
.630
99.107
3.532
3.670
3.529
3.651
3/
549
659
99.097
98.135
3.572
3.689
99.111
98.156
3.517
3.647
99.108
98.146
3.529
3.667
99.134
98.180
3.464
3.620
99.128
98.173
3.488
3.634
99.113 2/
98.154 12/
.509
.651
99.103
98.138
549
683
3.501
3.662
99.118
98.154
.489
.651
99.114
98.147
505
665
3.537
3.679
99.115
98.149 11/
.501
.661
99.104
98.136
3.545
3.687
98.151
3.522
3.657
99.115 12/
98.154
.501
.651
99.108
98.150
3.529
3.659
99.109
98.154
3.524
3.651
99.114
98.164
3.505
3.632
99.107
98.151
3.533
3.657
99.107
3.534
3.669
99.110 13/
98.154
3.521
3.651
99.105
98.140
3.541
3.679
3.549
3.679
99.109
98.154
3.525
3.651
99.100
98.136
3.560
3.687
,538
.648
99.108
98.161
3.529
3.638
99.105
98.154
3.541
3.651
3.501
3.613
99.118
98.180
3.489
3.600
99.113
98.170
3.509
3.620
3.505
3.615
99.120
98.180
3.481
3.600
99.112
98.168
3.513
3.624
3.540
3.660
99.115
98.166
3.501
3.628
99.104
98.146
545
667
|_98.140
3.534
3.679
99.110
98.146
3.521
3.667
99.105
98.138
3.541
3.683
f99.103
198.128
3.547
3.703
99.107
98.132
533
695
99.102
98.127
3.553
3.705
98.428
98.338
3.537
3.650
98.437
98.400
3.517
3.623
98.421
98.370
3.553
3.691
96.943
96.887
96.358
96.395
96.364
96.347
96.380
96.262
96.320
96.214
3.015
3.062
3.582
3.575
3.586
3.633
3.590
3.707
3.680
3.765
96.958
96.899
96.412
96.410
96.380
96.365
96.400
96.275
96.335
96.225
3.000
3.050
3.529
3.560
3.570
3.615
3.570
3.694
3.665
3.754
96.938
96.881
96.342
96.391
96.358
96.340
96.371
96.255
96.312
96.207
3.020
3.068
3.598
3.579
3.592
3.640
3.599
Nov.
U
\98.Ul
Nov.
21
("93.099
/99.IO9
12
Deo.
19
_93.U5
'99.115
98. U9
,
99.106
98.
Dec.
26
1964-Jan.
2
Jan.
9
Jan.
16
Jan.
23
UO
'99.110
,
98.
U5
r99.103
\_98.14D
r99.106
\_98.156
Jan.
30p
f99.115
1^98.174
("99.
Feb.
6p
lU
l_98.173
Feb.
Feb.
Feb.
13p
20p
27p
r99.105
1^98.150
f99. 10
iV
ly
1^
2'
(Percent)
2/
\98.169
Dec.
Eqxiivalent rate
99.108
98.154
7
5
^
Price per hundred
3.497
3.580
1963- Nov.
29
Equivalent rate
(Percent)
3.517
3.621
r99.iii
Dec.
Price per hundred
(Percent
Bagular weekly bills;
Nov.
6/
Low
High
Equivalent average
rate
(Continued)
On competitive bids accepted
On total bids accepted
Issue date
-
Tax anticipation bills
1963-Oct.
196i-Jta.
15
15
fene-year bills:
1963-Jan.
Apr.
July
Sept.
Oct.
Nov.
Dec.
1964-Jan.
Feb.
Mar.
6/
2/
8/
2/
10/
11/
12/
ly
IV
15/
15
15
15
3
1
i
3
3
6p
3p
Bank discount basis.
Except $1,700,000 at 99.127.
Except 1100,000 at 99.115.
Except $100,000 at 99.130.
Except $100,000 at 98.164 and $100,000 at 98.I6O.
Except $100,000 at 98.154.
Except $1,400,000 at 99.127.
Except $250,000 at 99.115.
Except $500,000 at 98.156 and $200,000 at 98.150.
Except $2,000,000 at 99.114.
17/
18/
12/
20/
21/
22/
22/
16/
12/
1§/
12/
2^/
21/
22/
22/
p
3.7U
3.688
3.772
Except $100,000 at 98.137 and $150,000 at 98.136.
Except $100,000 at 97.000 and $200,000 at 96.982.
Except $50,000 at 96.969, $500,000 at 96.945, and $500,000 at
Except $100,000 at 96.696 and $600,000 at 96.442.
Except $300,000 at 96.380.
Except $600,000 at 96.470 and $3,000,000 at 96.411.
Except $100,000 at 96.299.
Except $3,500,000 at 96.239.
Preliminary.
9*^.^
March 1964
33
PUBLIC DEBT OPERATIONS
,
Table 3.- New Money Financing through Regular Weekly Treasury Bills
i/
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent
1957-January
February
February
February
February
March
March
December
December
31...,
1957-May
7...,
May
May
May
May
June
June
21...,
28..,,
7...,
$1,700
3.283
«99
9
16
91
23
31
91
92
2,626
2,719
2,580
2,741
1,700
1,700
1,800
1,802
3.133
3.057
3.182
3.288
99
99
200
202
6
13
91
91
2,769
2,830
1,800
1,802
3.246
3.239
200
202
100
91
1958-March
March
20
27
91
91
2,348
2,416
1,700
1,700
3.U0
2.,.,
9...,
16,..,
23....
April
April
April
April
3
January
January
January
10
17
24
91
91
91
91
2,388
2,430
2,682
2,751
1,700
1,700
1,701
1,702
2.753
2.858
2.591
2.587
101
100
100
100
March
13...,
June
12
91
2,436
1,700
1.532
-100
September
September
September
11....
18....
25...,
December
December
December
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
92
91
91
91
91
2,291
2,382
3,088
2,987
2,872
1,801
1,800
1,803
1,800
1,803
920
668
927
804
647
101
100
104
99
102
13
91
92
2,814
2,857
1,802
1,801
2.649
2.774
102
101
12
11
91
182
2,407
1,073
1,600
400
2.805
3.081
200
19
18
91
182
2,476
764
1,600
400
2.904
3.095
200
26
25
90
181
2,394
834
1,601
400
2.739
3.017
201
October
October
October
October
October
16...,
23...,
30...,
November
November
6...,
13...,
December
11...,
2
9...,
1959-January
January
January
January
January
February
February
March
June
December
18...,
December
26...,
1959-January
January
January
March
J
t2,624
19...,
26...,
1958- January
I
91
March
June
March
June
15
22
29
5
3.173
2
April
July
90
181
2,479
755
1,600
400
2.690
2.920
199
3...
April
July
91
182
2,508
680
1,599
400
2.678
2.959
199
15...
April
July
91
2,178
IK
734
1,600
401
2.808
3.034
197
June
September
91
182
2,090
724
1,500
400
2.816
3.111
101
062
5...
91
182
2,254
967
1,301
400
,375
17
91
182
2,019
727
1,301
400
2.763
3.058
100
25
24
91
182
2,122
671
1,300
400
2.766
3.093
100
12
11
91
182
1,866
875
1,200
400
3.150
3.690
199
Jxine
March
12 2/
September
10
March
19...
June
September
18
March
26...
June
September
101
August
13...
1959-November
1960-February
Aug-jst
20...
1959-November
1960-February
19
18
91
182
1,853
790
1,200
400
3.417
3.782
199
August
27...
1959-November
1960-February
27
25
92
182
1,964
693
1,200
400
3.824
4.152
204
1960-May
19...
1960-August
November
18
17
91
182
1,809
961
1,200
500
3.793
4.000
97
May
26...
25
25
91
183
1,834
897
1,200
500
3.497
3.867
96
1
1,820
996
1,101
500
3.184
3.495
100
1
91
182
20
20
91
132
1,889
995
1,101
400
358
530
99
200
Jxme
1961- January
January
February
March
2...
19...
26...
2
30...
Footnotes at end of table.
Au^st
November
September
December
1961-April
July
27
27
91
182
1,986
1,082
1,100
500
2.230
2.422
May
4
1,082
1,101
500
2.299
2.497
201
3
91
182
2,057
August
29
28
91
182
1,924
1,046
1,100
500
392
576
99
April
July
June
September
(Continued on following page)
Treasury Ballet
y.
PUBLIC DEBT OPERATIONS.
Treasury Bills i/- (Continued)
Table 3.- New Money Financing through Regular Weekly
(Dollar amounts in millions)
Description of issue
1961- July
October
6
5
91
182
July
October
13
13
91
183
Axigust
3
November
2
91
182
10
9
91
182
f
1961-April
April
Number of
days to
maturity
Maturity
date
Issue
date
1
13.
]
\
f
May
\
{August
May
November
July
20.
October
f
\ 1962- January
19
18
91
182
31.
f 1961-November
\ 1962-March
30
August
1
91
182
October
19.
April
18
19
91
182
October
26.
January
April
25
26
91
182
May
3
August
2
91
182
17
16
91
182
24
23
90
181
31
30
91
182
7
91
182
(January
f
\
1962-February
May
February
August
May
February
23.
August
May
March
August
March
June
September
March
15.
March
March
29.
6
U
13
91
182
June
September
21
20
91
182
June
28
27
91
182
Jime
September
September
July
October
5
April
91
182
April
July
October
12
11
91
182
July
October
19
18
91
182
July
October
26
25
91
182
April
19.
April
10.
August
November
9
May
8
91
182
May
24.
August
November
23
23
91
183
May
31.
August
November
30
29
li?2
September
December
6
6
91
182
June
91
June
U.
September
December
13
13
91
182
June
21.
September
December
20
20
91
182
June
28.
September
December
July
July
12.
July
19.
July
26.
March 1964
35
PUBLIC DEBT OPERATIONS
Table
New Money Financing through Regular Weekly Treasury Bills
V-(Contlnued)
3.
(Dollar amQunts in millions)
Description of issue
Issue
date
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
on bids
accepted 2/
New money
increase, or
decrease (-)
(Percent)
1962-August
{1962-November
196 3- January
91
182
«2,161
1,576
$1,301
700
2.874
3.075
August
1962-November
\l96 3-Februa ry
91
182
1,972
1,203
1,301
700
2.801
2.990
197
August
16.
ri962-November
\l963-Febru3ry
15
14
91
182
2,078
1,766
1,301
704
2.867
3.060
204
August
23.
/l962-November
\l96 3-Februa ry
23
21
92
182
2,003
1,651
1,301
700
2.837
2.984
99
30.
1962-November
\l963-February
29
28
91
182
2,248
1,259
1,301
700
2.805
2.916
100
September
(1962-December
1963-March
6
7
91
182
2,054
1,332
1,301
700
2.834
2.977
100
September
13.
(1962-December
1963-March
13
U
91
182
2,377
1,291
1,301
701
2.789
2.911
101
September
20.
fl962-December
\l963-March
20
21
91
182
2,265
1,375
1,301
700
2.796
2.962
101
September
27.
ri962-December
\l963-March
27
28
91
182
2,150
1,777
1,300
700
2.749
2.938
100
3
91
182
2,011
1,505
1,300
701
2.752
2.902
100
10
11
91
182
2,136
1,631
1,301
701
2.760
2.864
100
April
17
18
91
182
2,225
1,436
1,300
700
2.749
2.843
98
January
April
24
25
91
182
2,133
1,394
1,301
700
2.742
2.828
102
{January
31
2,207
1,573
1,301
701
2.686
2.775
101
August
f
f
(1963-January
April
October
{January
October
April
October
October
18.
25.
{January
J
1
November
November
November
November
November
15.
23.
29.
tl99
May
2
91
182
f
February
May
91
182
2,249
1,761
1,301
1
7
9
702
2.841
2.927
101
2,325
1,436
1,302
701
2.801
2.846
103
90
{February
U
May
16
91
182
February
May
21
23
181
2,409
1,274
1,300
800
2.833
2.892
199
February
28
91
183
2,042
1,528
1,300
801
2.853
2.936
199
91
182
2,108
1,663
1,300
801
2.861
2.945
98
1,973
1,321
1,301
801
2.807
2.861
101
May
December
March
December
March
June
.31
7
6
U
June
13
91
182
December
March
June
21
20
91
182
2,092
1,248
1,301
800
2.860
2.900
99
December
March
28
91
1,309
802
2.893
2.924
110
13.
June
27
182
2,660
1,322
1963-Jan\iary
April
July
4
91
183
2,220
1,340
1,301
801
2.926
2.966
101
January
April
July
11
11
';i
182
2,196
1,542
1,301
800
2.920
2.966
100
March
Jxme
September
27
91
182
2,133
1,459
1,301
800
2.919
2.977
92
2,081
1,454
1,300
800
2.922
2.982
98
28.
5
26
April
July
October
3
92
182
April
July
October
11
10
91
182
2,292
1,553
1,302
801
2.913
2.978
102
April
July
October
18
17
91
182
2,352
1,485
1,301
800
2.917
3.010
100
April
July
October
25
24
91
182
2,259
1,670
1,300
801
2.884
2.982
99
25.
Footnotes at end of table.
5
(Continued on following page)
Treasury BuUetit.
36
PUBLIC DEBT OPERATIONS
Table 3.- New Money Financing through Regular Weekly Treasury Blllsi/- (Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
date
Issue
date
Average rate
on bids
accepted 2/
Amount
of bids
tendered
Amount
of bids
accepted
* 1,302
801
2.897
2.989
t 101
New money
increase, or
decrease (-)
(Percent)
1963-May
2
fl963-August
October
I
May
9
J
\
May
16
f
L
November
November
21
29
(i
1
«2,05A
31
182
1,668
91
182
2,119
1,715
1,301
802
2.905
2.993
100
August
November
U
91
182
2,397
1,583
1,302
801
2.903
2.990
98
9r>i-February
20
21
91
182
2,321
1,202
1,4.31
800
3.52i
3.660
February
Miy
-99
1,987
23
90
131
1,201
802
3.480
3.630
-99
15
See Table 2, Information in Table 3 covers bill offerings
January 2, 1957, through February 29, 1964.
Excludes issues of strips of additional amounts of outstanding regular
weekly bills for cash on June 14, 1961 ($1,802 million), November 15,
1961 ($800 million), November 15, 1962 ($1,001 million), and October 28,
1963 ($1,001 million).
See Table 4.
Source:
1/
91
August
November
May
f
1
1,6U
2/
3/
Equivalent average rate on bank discount basis,
Beginning March 12, 1959, the 13-week bills represent additional
issues of bills with an original maturity of 26 weeks.
^arch
1964
37
PUBLIC DEBT OPERATIONS
Table 4.
Date subscription books
opened or bill
tenders received
Offerings of Public Marketable Securities
Other Than
Regular Weekly Treasury Bills
Date
of
Description of security
Period to final
maturity
(years, months,
days) 2/
l/
issue
Amount of subscriptions tendered
Cash 2/
Exchange
Amount issued
For
cash 2/
In exchange
(In millions of dollars)
1/11/57
I/I6/57
/ 2/15/57
2/4/57
T.
2/7/57
3/18/57
2/15/57
/15/57
/ 2/15/57
12/15/57
8/
4/1/57
5/6/57
5/22/57
6/26/57
3.305^ Bill
^
6/24/57
3-3/8^ Certificate
3-1/2^ Note
Tax ant.
(At auction)
2/U/58-A
5/I5/6O-A
3.231^ Bill
6/24/57
3y
^
Tax ant.
(At auction)
.
129d
2,302
1,750 6/
lOim
llm
7,489
5,868
2,437
5y
551
551
llim
9|m
2,351
647
2,351
647
Reopening
Reopening
.
3-5/8SS Note
4/15/58-B
2/15/62-A
5/27/57
2.825S8 Bill
9/23/57
.
3.485? Bill
3/24/58
-
3-1/2? Certificate
8/U/57
8/21/57
4.173^ Bill
8/1/57
9/26/57
4^
4?
Uo/l/57
4?
.
3-5/8% Certificate
Certificate
4?
Note
4?
.
.
12/1/5 7-E
8/1/58-C
8/1/61-A
4y
-
^
ant. ^
auction)
942
Tax ant.
(At auction)
119d
3,689
1,501
Tax
264d
4,547
3,002
4m
ly
4y
2/
4/15/58
Certificate
Note
Bond
3y
- At
auction
8/1/58-C - Reopening
8/15/62-B 11/
10/1/69
4y
9,871
10,487
2,509
3,178
1,751
10m
llm
3,067
6,121
4,648
933
2,000
657
12y
1-1/2? Note
lO/l/62-EO
11/20/57
&I/29/57
t 12/2/57
3-3/4? Note
3-7/8? Bond
ll/15/62-C
11/15/74
11/21/57
12/1/57
3-3/4? Certificate
-
12/1/5 8-D
ly
9,833
f2/U/58
2-1/2? Certificate
Bond
3?
3-1/2? Bond
-
2/14/59-A
2/15/64
2/15/90
ly
9,770
3,854
1,727
2/3/58
L
2/28/58
2/14/58
2/14/58
2/28/58
Bond
8/15/66
4/1/58
1-1/2? Note
4/1/63-EA
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
6A/58
/ 6/15/58
16/15/58
1-1/4? Certificate 2-5/8? Bond
7/21/58
8/1/58
1-5/8? Certificate -
7/29/58
8/6/58
1-1/2? Certificate -
8/
3%
8y
Issued at lOOi
1-1/2? Note
lO/l/63-EO
Bill
5/15/59
11/14/58
10/10/58
3-1/2? Note
11/15/59-B
11/20/58
2.999? Bill
6/22/59
11/19/58
1/12/59
2/2/59
f
12/1/58
t 12/1/58
/ 1/21/59
3-3
3-5
Certificate
Note
11/15/59-E
5/15/6I-B
11/23/59
3-1/4? Note
Bond
4?
5/15/6O-B
2/15/8O
/2/15/59
12/15/59
3-3/4? Certificate
Note
4?
2/15/6O-A
2/15/62-D
2/11/59
2/16/59
3/23/59
/ 4/1/59
3.293? Bill
9/21/59
Note
Bond
5/15/63-B
10/1/69
4/1/59
1-1/2? Note
4/i/64-e:a
4/1/59
3.386? Bill
5/6/59
5/11/59
5/7/59
5/15/59
5/11/59
5/15/59
7/1/59
7/8/59
8/
3/26/59
\10/l/57
4?
4?
.
6y
llm
8m
8m
.
-
At auction
-
Tax ant.
(At auction)
5,508
1.800
At auction
4y
1,502
lira
3,052
1,502
1,743
619
6m
457
457
3,445
2,006
340d
3,461
2,003
221d
1,699
1,500
1,269
258d
4,299
366d
3,173
10m
12|-m
(Continued on following page)
11,363
1,435
2,984
ly
^
Tax ant.
(At auction)
2.738
884
217d
289d
^
7,711
4,078
11,363
1,435
5y
3/22/60
7/15/60
Im
ly
3y
5/I5/6O-B - Issued at 99.95
5/15/64-A
8/15/6O-C
2,997
4m
-
4.728? Bill
1,184
5,950
ly
2iy
4/15/60
4-3/4? Note
4-3/4? Note
2,686
Issued at 99-3/4
Issued at 99.00
12/22/59
7/15/59
Im
214d
2,735
7,711
4y
lOy
506
5,805
4,078
3.565? Bill
r7/20/59
8/1/59
.
506
219d
5|iil
Tax ant. 2/
(At auction)
13,500
3,567
llim
Issued at 99.993
Issued at 99.993
1,817
7,388
13,500
5,962
2y
3.835? Bill
7/8/59
1,817
7,388
Issued at 99.95
Issued at 99-7/8
At auction
7/20/59
ootnotes at end of table.
1,135
ly
-
.
3,971
2,570
^
I/15/6O
Certificate
15,741
llm
Tax ant.
(At auction)
Reopening
4?
10m
5y
-
4.075? Bill
4y
26y
Special at fixed
price
.
1,484
533
ly
9/29/58
1,143
654
6,715
5y
8/1/59-C
3.25?
5im
9,871
10,487
2,509
590
7,786
3,817
6y
3/24/59-D - Tax ant. Ig/
10/1/58
llim
llfm
32y
5/15/59-B
2/15/65
10/8/58
8/
5y
4y
16y
100
100
100
237d
10/1/57
8/
8,414
1,464
4/1/62-EA
7/22/57
^
8,414
1,464
1-1/2^ Note
8/1/57
8/1/57
8/1/57
9/I6/57
ly
3m
1,601 6/
2/14/58-A
5/15/6O-A
(At
r
2,414
3-3/8% Certificate
3-1/2^ Note
5/1/57
5/1/57
7/3/57
159d
1,269
3,005
2,001
4,184
9,5dI
4,184
9,561
Allotment
ratio
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
March 1964
39
PUBLIC DEBT OPERATIONS.
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscription books
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table 4.- Offerings of Public Marketable Securities Other Than
Regular Weekly Treasury Bills - (Continued)
Date subscrip-
March 1964
41
PUBLIC DEBT OPERATIONS
Footnotes to Table 4 - (Continued)
21/
^
22/
2^/
25/
26/
22/
28/
22/
20/
31/
32/
33/
34/
35/
Subscriptions for tlOO.OOO or less for the bills and 150,000 or less
for the notes were allotted in full.
Subscriptions for more than
the minimum for each issue were allotted ii percent on bills and 35
percent on notes but in no case less than the minimum.
In addition,
$100 million of the notes was 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 less 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 was
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, 1959).
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 was
allotted to Government investment accounts.
Subscriptions from savings-type investors totaled $240 million and
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 minimums were allotted not less than the minimums.
In addition, $50 million of the bonds was allotted to Government Investment accounts,
Full-paid subscriptions of $25,000 or less, totaling $941 million,
were allotted in fxill. Subscriptions from savings-type investors
totaled $1,361 million and were allotted 45 percent. Subscriptions
from commercial banks for their own account totaled $6,390 million
and were allotted 8 percent, but not less than $1,000 on any one
subscription. Subscriptions from all other investors totaled
$2,433 million and were allotted 5 percent, but not less than $1,000
on any one subscription.
In addition, $100 million of the notes
was allotted to Government investment accounts.
Holders of approximately $1,600 million of Series F and G savings
bonds issued in 1948, which mature in 1960, were offered in exchange
the 4-3/4^ notes, with certain adjustments as of December 15, 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.
Issued as a rollover of maturing one-year bills.
Savings-type investors were given the privilege of paying for the
bonds in installments up to June 15, 1960 (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 was allotted to Government Investment accounts.
Subscriptions for $100,000 or less were allotted in full. Sabscrlptions for more than $100,000 were allotted 30 percent but in no case
less than $100,000.
In addition, $27.4 million of the notes was
allotted to Government investment accounts.
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 was
allotted to Government investment accounts.
Subscriptions were permitted to be made with payment in cash or in
4-3/45^ Treasury notes maturing August 15, 1960 (see Table 7, footnote 22). In addition, in order that holders of 3-5/8!f Federal
National Mortgage Association notes maturing Axigust 23, 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, 1960, 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,
Combined total includes $80 million allotted on subscriptions from
holders of the Federal National Mortgage Association notes maturing
August 23, 1960 (see footnote 32).
Consists of allotments on subscriptions from holders of Treasury
notes maturing August 15, 1960.
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,
26/ Subscriptions totaled $1,181 million from savings-type investors and
$100 million from Government investment accounts; both were allotted
Subscriptions from commercial banks for their own accounts
25 percent.
totaled $2,708 million and were allotted 20 percent. Subscriptions
from all others totaled $1,190 million aijd 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.
37/ In addition to the amoxints allotted to the public, there was
allotted to Government Investment accounts $131.3 million of the
3-1/2? bonds of 1980, $215.9 million of the 3-l/2? bonds of 1990,
and $236.5 million of the 3-l/2ie bonds of 1998.
38/ Holders of approximately $750 million of Series F and G savings bonds
issued in 1949, which matxire in 1960, were offered in exchange the
A% bonds, with certain adjustments as of December 15, 1960, at a price
of lOOlSmaller 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 $365,375.
39/ Subscriptions were permitted to be made with payment in cash or in
4-7/8? Treasury certificates maturing February 15, 1961 (see Table 7,
footnote 17).
40/ Consists of allotments on subscriptions from holders of certificates
of indebtedness maturing February 15, 1961.
41/ 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 $4,364 million and were allotted in full. Subscriptions subject to allotment totaled $14,619 million: those
up to and including $10,000 were allotted in full; all others were
allotted 20 percent but In no case less than $10,000.
42/ In addition to the amounts allotted to the public, there was 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.
43/ 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 7, footnote 20).
44/ Consists of allotments on subscriptions from holders of certificates
of indebtedness and Treasury notes maturing May 15, 1961.
45/ 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 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 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 tlian
$25,000.
46/ 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.
47/ In addition to the amounts allotted to the public, there was 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.
48/ Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 37 percent but in no case
less than $100,000.
In addition, $100 million of the notes was
allotted to Government investment accounts.
49/ 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.
Sale of a "strip" of Treasiiry bills, consisting of an additional $100
million for cash of eight series of weekly Treasxjry bills maturing
from December 7, 1961, to January 25, 1962.
51/ 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 $309,000.
Subscriptions for $50,000 or less were allotted in full. Subscriptions for more than $50,000 were allotted 60 percent but In no case
less than $50,000. In addition, $100 million of the bonds was
allotted to Government investment accounts,
53/ 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.
54/ In addition to the amounts allotted to the public, there was allotted
to Government Investment accounts $385 million of the 4? bonds of
1971, $177 million of the 4? bonds of 1980, $218 million of the 3-1/2?
bonds of 1990, and $221 million of the 3-l/2? bonds of 1998.
Footnotes continued on following page.
^
^
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to Table 4
^
56/
^2/
^8/
52/
60/
61/
62/
62/
64/
65/
66/
bT/
Issued for cash and in exchange for tax anticipation bills maturing
March 23, 1962 (see Table 7, footnote 22).
Subscriptions for J50,CXD0 or less were allotted in full. Subscriptions for more than $50,000 were allotted 15 percent but in no case
less than $50,000.
In addition, $100 million of the bonds was
allotted to Government investment accounts,
Includes $2,166 million allotted to Federal Reserve Banks and Government investment accounts of the 3-lA/f certificates, $14 million of
the 3-'5/8!f notes, and $64 million of the 3-7/8^ bonds.
Subscriptions were permitted to be made with payment In cash or in
the Ai notes or 3-1/4? notes, both maturing August 15, 1962 {See
Table 7, footnote 23).
Consists of allotments on subscriptions from holders of Treasurynotes maturing August 15, 1962.
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 totaled $4,760 million for
the certificates and were allotted in full, in accordance with the
offering circular. Subscriptions from all others totaled $15,395
million and were allotted 12-1/2 percent with subscriptions for
$50,000 or less allotted in full and those for more than $50,000
allotted not less than $50,000.
Subscriptions for the ij, bonds totaled $6,743 million and were
allotted 22 percent with subscriptions for $100,000 or less allotted
in full and those for more than $100,000 allotted not less than
$100,000. In addition, $100 million of the bonds was allotted to
Government investment accoxints.
All subscriptions for the 4-1/4? bonds were allotted in full. In
addition, $50 million of the bonds was allotted to Government
investment accounts. Savings-type investors were given the privilege
of paying for the bonds allotted to them in installments up to
October 15, 1962 (not less than 30 percent by August 15, 1962, the
issue date; 60 percent by September 15, 1962; and full payment by
October 15, 1962).
In addition to the amoimts allotted to the public, there was allotted
to Government Investment accounts $21 million of the 3-3/4? notes
and $320 railllcn of the A% bonds.
Includes $3,796 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/8? certificates, $1 million of
the 3-1/2? notes, and $6 million of the 4? bonds.
Sale of a "strip" of Treasury bills, consisting of an additional
$100 railllcn for cash of ten series of weekly Treasxuy bills maturing
from January 17, 1963, to March 21, 1963.
Holders of approximately $458 million of Series F and G savings
bonds which mature in 1963 and 1964 were offered in exchange either
the 3-7/856 bonds or the 4jf bonds with certain adjustments as of
December 15, 1962, at a price of 99.50. Smaller denominations of
savings bonds could be exchanged for the next higher mul tlple of
$500 of the bonds upon payment of any cash difference.
Cash payments
amounted to $93,000 for the 3-7/8? bonds and $101,325 for the 4? bonds.
The bonds were sold to a syndicate on the basis of competitive bidding
for reoffering to the public.
The winning bid was $99.85111 per $100
of face amount for a 4? coupon, resulting in a net basis cost to the
68/
69/
70/
71/
72/
73/
74/
75/
76/
77/
78/
79/
80/
81/
82/
83/
84/
p
-
(Continued)
Treasury of 4.008210?, calculated to maturity.
Includes $3,921 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates and $15 million
of the 3-3/4? bonds.
In addition to the amounts allotted to the public, there was allotted
to Government investment accounts $19.8 million of the 3-5/8? notes,
$29.6 million of the 3-7/8? bonds of 1971,. $151.9 million of the 3-7/8?
bonds of 1974, and $123.9 million of the 4? bonds of 1980.
The bonds were sold to a syndicate on the basis of competitive bidding
The winning bid was $100.55119 per $100
for reoffering to the public.
of face amount for a 4-1/8? coupon, resulting in a net basis cost to
the Treasury of 4.093145?, calculated to maturity.
Includes $3,327 million allotted to Federal Reserve Banks and Government investment accounts of the 3-1/4? certificates, and $85 million
of the 3-5/8? notes.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 5 percent but In no case
less than $100,000.
Includes $4,149 million allotted to Federal Reserve Banks and Government investment accounts.
One-year bills issued monthly beginning September 3, 1963.
In addition to the amounts allotted to the public, there was allotted
to Federal Reserve Banks and Government investment accounts $23 million of the 3-7/8? bonds of 1968, and $171 million of the 4? bonds of
1973.
Issued for cash and In exchange for one-year bills maturing October 15,
1963 (see Table 7, footnote 27).
Sale of a "strip" of Treasury bills, consisting of an additional $100
million for cash of ten series of weekly Treasury bills maturing from
February 6, 1964, to April 9, 1964.
Subscriptions were permitted to be made with payment in cash or in
3-1/8? certificates or 4-7/8? notes, both maturing November 15, 1963
(See Table 7, footnote 28).
Consists of allotments on subscriptions from holders of Treasury certificates of indebtedness and Treasury notes maturing November 15,
1963.
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 account
and the Federal Reserve Banks, as provided in the offering circular,
totaled $4,307 million and were allotted in full. Subscriptions subject to allotment totaled $15,762 million:
those up to and including
$100,000 were allotted in full; all others were allotted 21 percent but
in no case less than $100,000.
Issued to replace the one-year bills maturing January 15, 1964.
In addition to amounts allotted to the public, $189 million was
allotted to Government investment accounts.
Subscriptions for $50,000 or less were allotted in full. Subscriptions
for more than $50,000 were allotted 83-1/2 percent but in no case
less than $50,000.
In addition, $125 million of the bonds was allotted
to Government investment accounts.
Includes $4,014 million allotted to Federal Reserve Banks and Government Investment accounts of the 3-7/8? notes,
Preliminary.
Match 1964
A3
PUBLIC DEBT OPERATIONS.
Table 5.- Securities Issued In Advance Refunding Operations
6/23/60
Amount
issued
(In millions
Securities issued
Date issued
3-7/8)6
Note
Bond
5/15/64-D
5/15/68
3-1/2)6
3-1/2)6
Bond
Bond
11/1 5/80
3-1/2)6
Bond
3-3/4^
2/15/90
V
10/3/60
-
11/15/98
Adjustment payments
at issue (per $100
of face value)
1/
By
To
Treasury
Treasxiry
Effective
interest
rate 2/
Investment
yield 2/
43,893
320
3.75)6
4.24)6
3.88
4.U
643
993
3.50
3.50
1,095
1,248
Eligible securities exchanged
^•2-1/2)6
Bond
3.92
3.96
2-1/2)6
2-1/2)6
Bond
Bond
3.50
3.50
3.97
3.99
2-1/2)6
2-1/2^
Bond
Bond
2,438
3.38
3.63
2-1/2)6
Bond
1,131
1,296
1,177
3.62
3.62
3.75
3.75
3.75
2,343
3-3/8)6
Bond
11/15/66
3/15/61
3-5/8)6
Bond
11/15/67
$0.30
3.57
2.25
3.50
3.34
3.25
0.25
3.56
3.47
3,604
3-1/2)6
II/I5/8O
Bond
i/
1,035
238
1,273
9/15/61
3-1/2)6
Bond
2/15/90
V
722
576
$1.00
1,298
3-1/2)6
Bond
11/15/98
V
495
692
2.00
1.00
1,187
4%
Bond
4.00
3.75
1,154
1,651
8/15/71
2,806
3/1/62
A%
Bond
2/15/80
^
3-1/2)6
Bond
2/15/90
V
563
.25
3.98
233
1.25
1.50
1.75
3.43
3.42
3.40
0.25
0.50
3.50
3.49
3.48
345
322
900
3-1/2)6
Bond
-
11/15/98
V
181
420
333
93F
3-3/456
Note
8/15/67-A
772
1,093
981
953
1,301
181
0.50
0.10
0.40
0.40
0.40
1.00
3.86
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.08
4.15
5,282
9/15/62
A%
Bond
8/15/72
370
259
402
4A9
720
379
2,579
4.20
44
1
(March
1964
46
1
t^arch
1
1964
Treasury Bulletii
48
PUBLIC DEBT OPERATIONS
Table 6.- Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Other Than Regular Weekly Treasury Bills i/- (Continued)
Aarch
1964
50
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table 7.- Disposition of Matured Public Marketable Securities
Other Than Regular Weekly Treasury Bills - (Continued)
\
Inarch 1964
52
March 1964
54
Treasury Bulletin
March 1964
55
PUBLIC DEBT OPERATIONS
Footnotes to Table 7 -(Continued)
Two issues of bills, maturing January 16, 1957, and February 15, 1957,
respectively, were rolled over into two issues of tax anticipation
bills, both maturing June 2ii., 1957.
/^ Tax anticipation issue; for detail of offerings beginning 1957, see
Table ii; for amounts redeemed for taxes and for cash see "Note" below,
During June and July 1958, $491 million of the 2-5/8^ Treasury bonds
of 1965 was purchased by the Treasury for retirement under section
19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a).
6/ Called on May lU, 1958, for redemption on September 15, 1958.
7/ Represents amount which owners exercised the option to redeem on
August 1, 1959 (see Table 4, footnote 9).
3/ Holders of the U% notes, who had the option to redeem at par on
February 15, I960, by giving notice not later than November 16, 1959,
were permitted to exchange their holdings on November 15, 1959, for
the 4.-7/8^ notes.
2/ Rolled over into a one-year bill (see Table 4)
10/ Amount which owners exercised the option to redeem on February 15,
I960 (see Table 4, footnote 11).
Pursuant to the provisions of section
11/ Advance refunding offering.
1037 (a) of the Internal Revenue Code of 1954 as added by Public Law
86-346, approved September 22, 1959, the Secretary of the Treasury
has declared that no gain or loss shall be recognized for Federal
income tax purposes upon the exchange of the eligible outstanding
securities solely for the new securities. For tax purposes, therefore, the investor will carry the new securities on his books at the
same amount as he had been carrying the eligible securities exchanged.
Gain or loss, if any, upon the obligations surrendered in exchange
will be taken into account upon the disposition or redemption of the
new obligations. See also Table 5.
12/ Holders of 2-\f2% Treasury bonds maturing November 15, 1961, were
offered the option to exchange the bonds during the period from
June 8, i960, to June 13, I960, inclusive, subject to allotment if
subscriptions exceeded by 10 percent the offering limits of $3.5
billion for the notes and $1.5 billion for the bonds,
13/ Holders of the maturing 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 3-1/8S6 certificates or
the 3-7/85K bonds, which were offered in an aggregate of around
$8-3/4 billion. For detail of offering, see Table 4.
14/ Excess of maturing 4-3/4% Treasury notes over allotments of new
securities on subscriptions from holders of those notes ( see Table 4,
footnotes 32 and 34).
Reopening
of an earlier issue.
1^/
1^ Holders of 2-\/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, I960 to
September 20, I960, 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 $4.5 billion.
17/ Holders of the maturing certificates were not offered preenptive
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%
For detail of
notes offered in the amount of around $6.9 billion.
offering, see Table 4.
Ig/ Excess of maturing 4-7/8% certificates over allotments of new
securities on subscriptions from holders of those certificates
(see Table 4, footnotes 39 and 40).
12/ From March 20 through March 22, I96I, 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 2-1/2% 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,
20/ Holders of the maturing certificates and notes were not offered
preenptive 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 3-1/4% notes. For detail of offering, see Table 4.
21/ 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 43 and 44).
22/ $1,569 million were redeemed for cash and $168 million were exchanged for the tax anticipation bills dated March 23, 1962 (see
Table 4).
2/
23/
y
24/
25/
2^
27/
28/
22/
30/
31/
Holders of the maturing notes were not offered preen^jtive rights
to exchange their holdings, but were permitted to present them
in payment or exchange, in whole or in part, for the $6,500
million offering of 3-l/2% certificates, the $1,500 million
offering of 4% bonds, or the $750 million offering of 4-1/4%
bonds.
For detail of offering, see Table 4.
Excess of maturing 4% notes and 3-1/4% notes over allotments of new
securities on subscriptions from holders of those notes (see Table 4,
footnotes 58 and 59).
From September 10 through September 12, 1962, owners of securities
maturing February 15, 1963 (3-l/2% certificates, 2-5/8% notes,
3-1/4% notes), and May 15, 1963 (3-1/4% certificates, 3-1/4% notes,
4% notes) were granted the option of exchanging their holdings,
subject to allotment if subscriptions exceeded the offering limits
of $6 billion for the notes and $3 billion for the bonds.
Called on August 14, 1962, for redemption on December 15, 1962.
Holders of the maturing one-year bills were offered the option to
exchange the bills for the tax anticipation bills dated October 15,
1963 (see Table 4, footnote 76).
Holders of the maturing certificates and notes were not offered
preen^jtive rights to exchange their holdings, but were permitted to
present them in payment or exchange, in whole or in part, for the
$7,600 million offering of 3-7/3% notes, For detail of offering, see
Table 4.
Excess of maturing 3-1/8% certificates and 4-7/8% notes over allotments of new securities on subscriptions from holders of those
certificates and notes (see Table 4, footnotes 78 and 79).
Tax anticipation bills issued to replace the maturing one-year bills
(see Table 4, footnote 81).
From January 13 through January 17, 1964, owners of securities
maturing August 15, 1964 (3-3/4% notes ana 5% notes), November 15, 1964
(3-3/4% notes and 4-7/8% notes), February 15, 1965 (2-5/8% bonds), and
May 15, 1965 (4-5/8% notes ) were granted the option of exchanging
their holdings subject to allotment if subscriptions exceeded the offering limits of $4 billion for the 4% bonds and $750 million for the
4-1/4% bonds. Subscriptions to the 4-1/4% bonds exceeded the limitation.
For allotment details see Table 4, footnote 83.
Preliminary.
Note:
Information or retirement of tax anticipation issues referred to
in footnote 4, in millions of dollars:
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
March 1964
Treasury Bulletin
5B
PUBLIC DEBT OPERATIONS.
Table 8.- Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in
U.
S.
Dollars)
inarch
1964
..
.
.
Treasury Bulletin
60
]
UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currently
Series E has been on sale since May 1, igl+l,
30,
1952. Series J and K were sold from May 1,
I952 through
being sold.
April 30, 1957. Details of the principal changes In Issues,
and Series H has been on sale since June 1, 1952. Series
A-D were sold from March 1, 1935, through April 30, 194l.
Series F and G were sold from May 1, 19'+1, through April
Treasury Bulletins of April I95I, May 1952, May 1957, Octo-
Interest yields, maturities, and other terms appear In the
ber and December 1959i
and May and October I96I.
Table 1.- Sales and Redemptions by Series, Cumulative through February 29, 1964
(In millions of dollars)
Amount outstanding
Sales
Series
Accrued
discount
1/
Sales plus
accrued
discount
Series A-D 2/
Series E and H
Series F, G, J, and K.
?,9i9
119,090
31,951
1,05i
19,901
1,278
5,003
138,991
Total A-K.
15/1,990
22,233
Source:
Redemptions iy
Interestbearing debt
Matured
noninterestbearing debt
12
33,229
i,991
91,625
31,397
i7,366
1,680
177,223
128,012
49,046
152
Footnotes at end of Table 4.
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
Table 2.- Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Amount outstanding
Redemptions 1/
Accrued
discount
Sales plus
accrued
discount
120,095
4,881
4,670
4,506
4,307
4,464
4,421
4,518
12,289
1,216
1,226
1,228
1,240
1,286
1,358
1,408
132,384
6,097
5,896
5,734
5,547
5,749
5,780
5,926
74,527
8,958
8,544
7,249
8,557
5,819
5,716
5,273
69,191
8,055
7,671
122,565
4,605
4,689
4,320
4,350
4,539
4,278
4,760
12,897
1,216
1,235
135,462
1,221
5,541
72,713
8,674
6,450
7,763
5,730
956
805
1,009
1,262
5,612
,322
5,861
1,397
1,423
5,675
6,183
73,444
9,630
7,255
8,772
6,732
5,595
5,602
Months:
1963- July
Augus t
September
413
399
347
137
113
115
550
512
October.
November.
December
395
333
356
110
1964-January.
February.
471
413
Period
Fiscal years
Sales
price 2/
Accrued
discount
^
Interestbearing debt
:
1935->95fe.
1957
1958
1959
I960
1961
1962
1963
Calendar years
1935-1956
1957
1961
1962
1963
.
6,377
7,542
5,038
4,934
4,482
5,336
903
873
872
1,015
781
782
791
57,497
54,622
51 ,984
50,503
47,544
47,514
47,607
48,314
:
1958
1959
I960
Source:
Sales ly
.
1
5,821
5,924
137
134
201
183
165
444
394
419
374
335
357
69
420
341
391
359
294
336
61
137
505
444
493
55
48,687
48,793
48,827
143
116
615
529
534
427
442
359
92
68
48,925
49,046
Daily Treasury statement; Office of Debt Analysis in the Office
of the Secretary.
48
Footnotes at end of Table 4*
157
151
5,021
754
810
762
111
211
48,427
48,549
48,597
881
62
311
230
240
725
734
686
494
368
335
5,851
462
360
374
364
56,293
52,474
51,192
48,154
47,159
47,458
47,535
48,827
4,842
4,792
4,259
59
Matured
noninterestbearing debt
331
201
147
142
March 1964
61
.UNITED STATES SAVXNGS B0KD6.
Table 3.- Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
^
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Series E and H combined
Fiscal years
19^1-1956
1957
195S
1959
I960
:
10,298
1,133
i,5l8
1,386
94,761
5,746
5,831
5,680
5,501
5,717
5,753
5,904
86,763
4,507
4,320
4,350
4,539
4,278
4,760
10,863
1,143
1,178
1,169
1,224
1,293
1,37?
1,404
97,625
5,649
5,867
5,489
5,574
5,832
5,650
6,164
56,228
5,469
4,856
5,519
4,996
4,484
4,636
4,557
52,105
4,686
4,129
4,636
4,202
3,781
3,882
3,823
4,122
733
727
883
794
703
754
733
41,398
41,578
42,589
42,559
43,137
44,485
45,499
47,106
413
399
347
135
112
114
548
510
407
364
387
340
306
326
67
46,500
46,647
46,721
October.
November.
December,
395
333
356
109
110
135
503
443
323
266
305
59
46
491
382
311
359
53
46,843
46,974
47,106
196^- January.
February.
471
142
115
613
527
489
393
399
327
89
66
47,231
47,366
8i,463
-4,613
i,670
i,506
i,307
1961
1962
1963
1,161
1,174
1,194
1,254
1,331
Calendar years
1957
1958
1959
I960
4,689'
1961
1962
1963
.
50,038
4,444
4,432
4,310
4,616
3,906
3,873
3,759
,794
732
755
742
42,142
42,716
42,715
43,806
44,955
46,359
.
September
413
461
Series F, G, J, and K combined 4/
Fiscal years
1941-1956...
1957
1958
1959
I960
:
31 ,683
937
263
83
65
54
46
32
27
22
1961
1962
1963
alendar years:
1941-1956....
1957
1958
1959
I960
1961
1962
1963
!
797
886
721
731
40,929
41 ,498
:
19/i1-1956
Months:
1963- July
Augus t
53,832
5,176
5,187
5,107
5,502
4,627
4,603
4,500
ronths
1963-July
August. . .
September.
:
October.
November
December.
1964- January.
February.
31,853
98
32,619
352
65
54
46
32
27
22
980
74
32,833
172
58
52
33
29
25
19
58
52
38
29
25
19
15,739 i/
58
60
.
..,
,
Treasury Bulletin
62
.UNITED STATES SAVINGS BOKDS.
Table 3.- Sales and Redemptions by Periods, Series E through K
-
("Continued)
(In millions of dollars)
Redemptions
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Sales
price
^
1^/
Accrued
discount J/
Exchanges of
E bonds for
H bonds
Amount
outstanding
( interestbearing debt)
Series E
Fiscal years ;
19^1-1956
1957
1958
1959
1960
1961
1962
1963
31,238
3,919
3,889
3,688
3,603
3,689
3,67i
3,91i
10,298
1,133
1,161
1,174
1,194
1,254
1,331
1,386
91,536
5,052
03,176
3,875
3,802
3,598
3,632
3,711
3,62A
4,185
10,863
94,038
5,018
4,979
4,767
4,856
360
358
308
October,
November.
December,
1964-January.
February,
53,638
4,981
4,951
4,889
5,181
49,844
4,248
4,196
4,092
4,295
3,673
3,613
3,461
3,794
732
755
797
886
721
731
742
5,589
55,951
5,220
4,658
5,225
4,729
4,249
4,349
4,229
51,829
4,437
3,931
4,342
3,935
3,546
3,595
3,495
4,122
783
727
883
794
703
754
733
135
112
114
495
469
421
378
337
352
311
279
291
67
21
58
60
17
16
39,262
39,378
39,431
3i8
297
317
109
110
135
457
407
452
352
233
329
293
237
276
59
17
13
14
39,519
39,630
39,740
405
142
115
547
484
461
366
371
300
24
18
39,801
39,902
3,225
694
782
818
704
775
747
604
3,225
694
782
818
704
775
747
604
194
196
236
217
322
233
260
298
194
196
236
217
322
233
260
298
3,587
631
887
722
718
828
654
575
3,587
631
887
722
718
828
654
575
277
248
277
248
198
294
267
235
287
328
5,049
4,862
4,797
4,943
5,005
5,300
4,394
4,343
4,203
191
37,898
37,969
38,067
38,040
37,456
37,817
33,260
39,166
278
212
199
208
33,087
37,885
38,206
37,748
37,597
38,140
38,587
39,740
201
188
219
Calendar years;
19U-1956
1957
1958
1959
I960
1961
1962
1963
Months
1963- July
August.
September.
1,U3
1,178
1,169
1,224
1,293
1,372
1,404
5,003
4,996
;
. .
,
.
369
Fiscal years ;
1952-1956
1957
1958
1959
1960
1961
1962
1963
Calendar years
;
1952-1956
1957
1958
1959
I960
1961
1962
1963
,
Months
1963-July
August,
September,
198
294
267
235
287
328
;
53
53
41
41
28
27
39
39
35
October. ,
November,
December.
47
36
47
36
29
39
39
30
1964- January,
February.
66
44
66
28
44
27
,
.
,
,
30
28
27
35
30
29
30
28
27
46
53
89
66
-
March 1964
63
.UNITED STATES SAVINGS BONDS.
Table 4.- Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Fiscal years
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
Total 1/
Series E
and H
Other
;
Calendar years;
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
,137
,109
,621
,515
,251
,846
,958
,54i
,249
.557
,819
,716
,273
817
792
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
,651
,074
,149
,985
,301
772
1,015
2,318
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
,264
,630
255
,772
,732
,595
,602
,021
38
702
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
254
968
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,94A
1,633
1,656
1,617
Months;
1963- July
August ...
September
4U
394
419
145
175
145
120
154
123
147
120
110
133
October,
November.
December.
420
341
391
171
142
133
1964- January..
February.
534
427
150
100
63
779
Total
Series E
and H
Unclassified
10/
.
Treasury Bulletin
64
OWNERSHIP OF FEDERAL SECURITIES.
Table 1.- Distribution of Federal Securities by Classes of Investors and Types of Issues
(in ndllions of dollars)
Interest-bearing securities issued
by the U.S. Government
Total
Federal
securities outstanding
End of
fiscal
year or
month
1/
Held by U. S. Government
investment accounts 2/
Total
outstanding
Total
Public
issues
Special
issues
50,424
517
160
357
4,262
51,448
51,505
51,466
645
673
692
131
190
191
464
433
502
3,898
4,011
3,972
161,095
161,129
162,089
51,567
51,734
51,735
704
717
741
188
187
184
517
530
557
3,984
4,122
4,134
163,631
163,893
51,753
51,801
755
787
189
192
566
595
4,085
4,231
30,820
212,977
162,553
43,724
45,519
44,650
32,468
32,391
32,563
211,550
211,408
211,971
160,102
159,903
160,505
43,283
43,553
43,658
32,758
33,667
33,593
212,662
212,864
213,825
41,917
42,883
32,753
33,169
215,384
215,695
5";,
412
11,987
1963- July
August.
September
305,482
307,209
307,328
300,938
302,525
302,664
56,921
58,726
58,130
13,196
13,207
13,480
October.
November.
December.
307,147
308,933
310,039
302,453
304,093
305,213
57,038
57,562
57,796
13,755
14,009
1964- January.
February.
309,339
311,150
304,499
306,132
56,361
57,269
U,444
3,300
3,759
3,907
43,426
299,209
14,385
153
277
440
4/^,801
301,954
303,988
U,137
87
167
165
51,025
51,065
51,360
45,043
44,939
.
444
605
151,392
157,418
160,361
10,959
11,357
13,405
1962-December.
47
60
2,042
1,646
2,873
3,090
202,417
2u8,483
211,721
56,002
56,296
58,206
U2
46
27,253
29,663
32,027
285,672
294,
56
54
63
79
106
101
110
139
289,211
298,645
306,466
1961
1962
1963
234,817
236,471
50
62,770
58,825
56,252
51,913
46,827
46,246
4U
2/
127,179
134,593
144,983
149,546
8,674
9,596
9,799
10,360
276,
Public
nonmarketable
issues
189,949
193,418
201,235
201,459
55,501
55,842
54,554
55,259
270,634
Total
Public
marketable
issues
23,035
25,438
26,044
26,523
268,436
274,698
281,833
233,241
1957
1958
1959
19tC
Meld by private
investors 2/
Held by
Federal
Reserve
Banks public
issues
Interest-tearing securities guaranteed by the U.S. Government 4/ Matured
debt
and
Held by
debt
Held by
U. S.
Total
bearing
Government private
outinvestment investors no
standing
interee
accounts
2/
U,756
44,899
Source:
Daily Treasury statement for total amounts outstanding; reports
from agencies and trust funds for securities held by U. 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
1/
amounts subject to limitation, see page 1.
2/ Includes accounts under the control of certain U. S, Government agencies
whose investments are handled outside the Treasury.
^
4/
240
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.
Table 2.- Net Market Purchases or Sales of Federal Securities for
Investment Accounts Handled by the Treasury i/
March 1964
65
OWNERSHIP OF FEDKltAL ^KCU!{iTlE;3,
Table 3.- Estimated Ownership of Federal Securities
(Par vaJues 1/ in billionc of dollar;:)
Held by private nonbank investors
He]d by Lanks
End of
month
Totaa
U.
Federal
Uommer-
Strcurities
cial
Government investment
accounts
outstanding 1/
1939-Dec
banks
2/
Federal
Reserve
Banks
S.
Individuals 4/
Savings bonds
Total
Total
Series
E and H
Other
series
^
Other
securities
Insurance
companies
Mutual
savings
banks
Corpora-
tions C/
State
and
local
govern-
ments
Foreigrt
and inter-
national
2/
47.6
15.9
2.5
6.5
22.7
10.1
1.9
8.2
6.3
3.1
1940-June
Dec
50.9
16.1
17.3
2.5
2.2
7.1
7.6
22.8
23.9
10.1
10.6
2.6
2.8
7.5
7.8
6.5
6.9
3.1
3.2
2.1
2.0
1941- June
Dec
19.7
21.4
2.2
2.3
8.5
9.5
25.0
31.0
11.2
13.6
.2
3.4
a. 3
1.1
4.2
7.6
8.2
7.1
8.2
3.4
3.7
2.0
4.0
19i2-June
Dec
77.0
112.5
26.0
41.1
2.6
6.2
10.6
12.2
37.7
53.0
17.8
23.7
3.7
6.9
5.4
6.5
8.7
10.3
9.2
11.3
3.9
4.5
4.9
10.1
19i3-June
Dec
140.8
170.1
52.2
59.9
7.2
11.5
14.3
16.9
67.0
30.9
37.6
11.3
16.0
7.9
8.7
11.7
12.9
13.1
15.1
5.3
6.1
12.9
16.4
1.5
2.1
1.3
1.5
19ti-June
i02.u
232.1
68.4
77.7
14.9
18.8
19.1
21.7
100.2
114.0
46.1
53.3
21.1
25.5
10.1
10.7
14.9
17.1
17.3
19.6
7.3
8.3
20.2
21.4
3.2
4.3
1.4
1.7
259.1
273.7
84.2
21.8
24.3
24.9
27.0
128.2
136.6
59.1
64.1
29.1
30.7
11.6
12.2
18.5
21.2
22.7
24.0
9.6
90.8
10.7
23.3
22.2
5.3
6.5
2.C
2.4
11.1
11.5
11.8
19.9
17.8
15.3
6.7
6.5
6.3
2.4
2.2
2.1
55.3
Dec
1945-June
Dec
SI.
.4
.5
.2
.4
1.0
1946-Feb. 9/.
June. .
Dec
279.8
269.9
259.5
93.8
84.4
74.5
22.9
23.8
23.3
28.0
29.1
30.9
135.1
132.6
130.7
64.1
63.3
64.2
30.8
30.4
30.3
12.5
13.1
13.9
20.8
19.9
20.1
24.4
24.9
24.9
1947- June
Dec
258.4
257.0
70.0
68.7
21.9
22.6
32.8
34.4
133.7
131.3
66.6
65.7
30.8
31.0
14.7
15.2
21.1
19.4
24.6
23.9
12.1
12.0
13.7
14.1
7.1
7.3
3.4
2.7
252.4
252.9
64.6
62.5
21.4
23.3
35.8
37.3
130.7
129.7
65.8
65.5
31.6
32.2
15.5
15.6
18.6
17.6
22.8
21.2
12.0
11.5
13.6
14.8
7.8
7.9
2.6
2.8
252.8
257.2
63.0
66.8
19.3
18.9
38.3
39.4
132.2
132.1
66.6
66.3
33.1
33.8
15.7
15.5
17.8
17.0
20.5
20.1
11.6
11.4
15.8
16.8
8.0
8.1
2.9
2.9
257.4
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34-5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
1951-June...
Deo
255.3
259.5
58.4
61.6
23.0
23.8
41.0
42.3
132.9
131.3
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
1952- June
Dae
259.2
267.4
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
U.l
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
66.1
64.8
36.0
36.7
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
1954- June...
Deo
271.3
278.8
63. c
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.7
63.4
37.5
38.2
12.1
11.7
15.1
13.5
15.4
15.3
9.1
8.8
16.6
19.2
1955-Jur.e...
274.4
280.8
63.5
d2.0
23.6
24.8
50,
51.
136.7
142.3
65.0
64.7
39.3
40.1
10.9
10.2
14.8
14.5
15.0
14.6
8.7
8.5
18.8
23.5
..
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.2
65.5
40.9
41.4
9.4
8.7
15.9
15.4
13.6
13.2
8.4
8.0
17.7
19.1
1957- June...
Deo
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
65.6
64.0
41.5
41.6
7.6
6.6
16.5
15.8
12.7
12.5
7.9
7.6
16.8
18.6
1958- June...
Dec
276.
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.3
63.7
63.0
42.1
42.5
15.7
15.3
12.2
12.7
7.4
7.3
14.8
18.8
19 59- June...
284.3
290.9
61.5
60.3
26.0
26.6
142.6
150.3
65.3
68.0
42.6
42.4
4.5
3.5
18.3
22.1
12.6
12.5
7.3
6.9
20.8
22.8
..
286.5
290.4
55.3
62.1
26.5
27.4
149.3
145.8
68.0
64.7
42.5
42.9
3.1
2.7
22.4
19.1
12.0
11.9
6.6
6.3
21.2
20.1
1961- June...
Dec
239.2
296.5
62.5
67.2
27.3
23.9
56.1
54.5
143.3
145.9
63.1
65.0
43.6
44.2
2.5
2.2
17.1
18.5
11.4
11.4
6.3
6.1
20.0
19.7
•.2-June...
Dec
298.6
304.0
65.2
67.2
29.7
30.3
56.5
55.6
147.3
150.4
64.7
65.2
44.6
45.1
2.0
1.8
13.1
18.3
11.3
11.5
6.3
6.1
19.6
20.1
303.9
305.2
303.5
66.7
65.8
64.7
65.1
63.9
54.5
55.1
55.1
54.3
57.1
53.4
57.1
58.9
58.3
57.2
57.7
58.0
152.4
153.7
152.8
153.2
153.6
151.7
152.7
154.2
153.5
154.1
154.8
154.4
65.6
65.8
66.3
65.8
65.4
65.5
66.0
66.1
66.5
66.6
66.8
66.8
45.3
45.5
45.6
45.7
45.8
46.0
46.1
46.2
46.3
46.4
46.6
46.7
1.7
1.7
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.4
1.4
1.4
18.6
18.7
19.1
18.4
18.0
18.1
18.4
18.4
18.7
18.8
18.9
18.8
11.5
11.4
11.2
63.3
61.7
63.0
63.1
62.7
64.1
30.3
30.6
31.0
31.2
31.3
32.0
32.5
32.4
32.6
32.8
33.7
33.6
11.0
10.8
10.9
10.9
11.0
11.0
11.0
11.0
6.1
6.1
6.3
6.1
6.1
6.1
6.1
6.1
6.0
5.8
5.8
5.8
21.0
21.6
20.7
21.0
22.2
20.2
20.5
21.3
19.6
20.4
21.6
20.7
62.6
32.8
56.5
157.4
67.2
46.8
1.3
19.1
11.1
5.9
21.9
.
1948- June
Dec.
.
•_9-June.
Dec
1950-June.
Dec
1953-June.
Dec
.
.
.
.
.
.
Dec
1956-June.
De::
Dec
1960- June.
Dec
1963- Jan
Feb
Mar
ADr.
.
.
Hay
-."3."
Oct
Nov ...
Dec
305.3
306.5
305.5
307.2
307.3
307.1
303.9
310.1
1964- Jan. p.
309.3
June. .
July...
Aug
Sept...
<-4.4
U.l
21.0
Treasury Bulletim
66
..TREASURY SUIWEY OF CWNERSHIP, JANUARY 31, 196-i
The monthly Treasury Survey of Ownership covers secu-
ritlee Issued by the United States Qovernment and by Federal agencies. The banks and insurance companies Included
corporations and savings and loan associations In the 3e]v
tember 196O Bulletin, and for State and local governments
In the February I962 Bulletin.
In the Survey currently account for about 90 percent of all
Holdings by commercial banks distributed according to
such securities held by these Institutions. The similar
proportion for corporations and for savings and loan asso-
Federal Reserve member bank classes and nonmember banks are
ciations is 50 percent, and for State and local govemmente,
70 percent. Data were first published for banks and In-
published for June 30 and December 3I. Holdings by corporate pension trust funds are published queu"terly, first
appearing In the March
195*^
Bulletin,
suranoe companies In the May 19'H Treasury Bulletin, for
Section
I
-
Securities Issued or Guaranteed by the United States Government
Table 1.- Summary of All Securities
(Par values - in millions of dollars)
J
March 1964
67
..TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 1964
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues
(Par values - millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Issue
Treasury bills;
Regular weekly:
Feb.
1964 - Apr.
May
1964 - July
Tax anticipation:
Mar.
1964
June 1964
One-year:
Apr.
July
Aug.
Sept.
Oct.
Nov.
Dec.
1964...
1964. .
1964.
1964...
1964.
1964...
1964...
.
.
Total Treasury bills.
Certificates of indebtedness:
Feb^
3-l/4if
1964-A
May
3-1/4
1964-B
Total certificates of
indebebtedness
Treasury
3-3/4$
4-3/4
5
3-3/4
4-7/8
3-3/4
4-5/8
3-7/8
3-1/2
3-5/8
4
3-5/8
3-3/4
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
May
May
Aug.
Aug.
Nov.
Nov.
May
May
Nov.
Feb.
Aug.
Feb.
Aug.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
1964- D..
1964-A..
1964-B..
1964-E..
1964-C.
1964-F..
1965-A..
1965-C.
1965-B..
1966-B..
1966-A..
1967-B.
1967-A..
1964-EA.
1964-EO.
1965-EA.
1965-EO.
1966-EA.
1966-EO.
1967-EA.
1967-EO.
1968-EA.
1968-EO.
Total Treasury notes.
Treasury bonds;
2-im
1964.
1964.
Insurance companies
6,062
commer-
505
banks
mutual
savings
banks
2/2/
2/
cial
299
life
489 fire,
casualty,
and
marine
i88
savings -469
and loan corpoassocia- rations
tions
State and local
governments /^
192
pension
315
general and retirement
funds
funds
S. Government investment accounts
and Federal
Reserve Banks
U.
..
68
Treasury Bulletin
..TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 196^
Section I - Securities Issued or Guaranteed by the United States Government
Table 3.- Interest-Bearing Public Marketable Securities by Issues - (Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding
Issue
Treasury bonds
A%
3-1/2
3-1/4
4-1/4
4
4-1/8
3-1/2
3
3-1/2
Feb;
Nov.
May
Aug.
Feb.
May
Feb.
Feb.
Nov.
-
(Continued)
1980
1980
1985
1987-92.
1988-93...
1989-94.
1990
1995
1998
.
.
Total Treasury bonds
Guaranteed securities
2,/.
.
.
Total public marketable
securities
2,610
1,914
1,129
365
250
1,560
4,909
2,502
4,445
Insurance companies
6,062
commercial
banks
mutual
savings
banks
2/y
2/
505
70
96
87
8
7
92
126
92
155
40
8
299
life
179
397
159
104
489 fire,
casualty,
and
marine
55
74
47
25
27
1
9
37
1
46
413
129
24
536
90
964
148
1,081
88,658
24,336
4,316
4,423
2,878
755
64
148
94
12
209,344
53,552
5,741
4,891
4,507
49
79
State and local
governments 4/
488
savings 469
192
and loan corpo- 315
pension
associa rations general and retiona
funds
tirement
funds
80
27
29
197
108
173
99
S. Government investment accounts
and Federal
Reserve Banks
U.
365
133
182
723
698
182
81
65
58
4
11
15
5
33
74
154
48
29
331
428
906
551
804
451
1,102
178
915
5,084
14,299
50
1
83
2
176
251
2,556
1,578
3,439
6
29
3,406
10,994
9,248
5,440
Footnotes at end of Table 4.
Table 4.- Intereist-Bearlng Public Nonmarke table Securities by Issues
45,147
March 1964
69
.TREASURY SURVEY OF OWNERSHIP, JANUARY 31, 196^
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
Insurnnce companies
Total
amount
outstanding 10/
Issue
6,062
commercial
banks
y
2/
banks for cooperatives :
3-5/8^ Feb. 196i TCebentures)
3.80
Apr.
1964 (Debentures).
3-7/8
June
1964
(Debentures).
201)
5'.
192
196
56
Total banks for cooperatives....
Federal home loan banks; 11/
3.25% Feb.
1964 (Notes).
Feb.
3.85
1964 ( Notes)
Mar.
3.40
1964 (Notes).
3.30
Apr.
1964 (Notes).
May
3.70
1964 (Notes).
3-1/2 June 1964 (Notes).
July 1964 (Notes).
3.95
3.90
Aug.
1964 (Notes).
Sept. 1964 (Notes).
4
3-1/2 Oct.
1964 (Bonds).
3-3/4 Sept. 1965 (Bonds).
4-1/8 Aug. 1966 (Bonds).
300
275
4?5
life
2/
489 fire,
casualty,
and
marine
16
9
10
34
19
13
10
1^
17
4
4
iq
13
30
19
9
10
173
,04
.
3
i;i
^9
14
3-;.
1
,
1
54
32
1,964
(Bonds).
(Bonds)
(Bonds).
(Bonds).
(Bonds)
(Bonds)
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds)
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
16
17
l'"i
IcO
150
108
193
14
13
U
im
174
14
50
4
17
5
136
ion
14
.
83
85
12
1
4
109
148
155
13
15
2,834
535
87
38
146
119
14
111
9?
108
93
(Debentures).
( Debentures)
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
(Debentures).
( Debentures)
2
19
29
29
13
37
15
16
lU
.
5-1/8
4-3/8
4-1/4
4-1/2
33
/J
17^
son
Total Federal land banks.
1966
1963
Apr.
1969
Apr.
1970
Sept. 1970
Aug.
1971
Sept. 1971
Feb.
1972
June 1972
June 1973
Feb.
1977
300
330
Federal National Mortgage
Association:
3-5/8? May
1964 ( Debentures)
Sept. 1964 ( Debentures)
4
3-7/8 Deo.
( Debentures)
1964.
4-3/8 June 1965 (Debentures).
3-3/4 Mar.
1966 (Debentures),
Dec.
Mar.
413
89
70
117
109
35
106
i;'6
Federal Intermediate crejit banks:
( Debentures)
4-1/8
3-5/8
4-3/8
i-5/8
4-1/8
4-1/8
4-1/2
299
265
Total Federal home loans banks.
Federal land banks:
4-1/2? Apr. 1964
3-7/8 Aug.
1964
Oct.
4
1964
Oct.
4
1965
Dec.
4
1965
3-5/8 Feb.
1966
3-1/4 May
1966
4-1/4 July 1966
4-1/8 Feb. 1967- 72
May
4
1967
4-1/8 Oct. 1967
4-1/2 Oct. 1967- 70
4-1/4 Mar.
1968
June 1968
4
4-3/8 Mar. 1969
4-5/8 July 1969
5-1/8 Feb.
1970
3-1/2 Apr.
1970
5-1/8 July 1970
3-1/2 May
1971
3-7/8 Sept. 1972
4-1/8 Feb. 1973- 78
4-1/2 Feb.
1974
505
mutual
savings
banks
63
5
98
100
2
in&
4
1
5
'.''
Association
1Q3
Total Tennessee Valley Authority.
1
,
b
5
1-'.
13
786
50
45
180
14
1
Total Federal National Mortgage
'ennessee Valley Authority:
Short-term notes.
4.40? Nov.
1985 (Bonds)
4-5/3 July 1986 (Bonds)
4-1/2 Feb.
1987 (Bonds)
210
19
33
70
Treasury Bulletin
.TREASURY SURVEY OF CWNERSHIP, JANUARY 31, 196-i
In mld-1963 the Treasury expanded the coverage of the
State and local portion of the Survey of Ownership, and has
been receiving monthly reports from a number of important State
and local authorities which were not included in the original
series initiated in I960 (see Treasury Bulletin, February 1962,
page 67).
Beginning with this issue of the Treasury Bulletin the
holdings of these fiinds, which collectively total over $2.5
billion of Federal securities, have been added to the regular
survey. The following tables present a sunmary of the State
and local reports, on the basis of the newly- expanded series,
as of the end of the month for July-December 1963.
Table 1.- Summary of Interest-Bearing Securities Issued or Guaranteed by the United States Government,
Held by State and Local Government Funds
(Par values - In millions of dollars)
Classification
March 1964
71
MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 28, 196^.
Current market quotations shown here are over-theeounter closing bid quotations In the New York market
for the last trading day of the month, as reported to
ury.
the Treasury by the Federal Reserve Bank of New York.
States Government are excluded.
The securities listed Include all regularly quoted public
marketable securlt).e8 Issued by the United States TreasOutstanding Issues which are guaranteed by the United
Table 1.- Treasury Bills
Amount outstand-
72
March 1964
73
MARKET QUOTATIONS ON TREASURY SECURITIES, FEBRUARY 28, 196^.
o
^
o
o
o
o
CVJ
o
CO
o
...
.
s
.
s
Treasury Bulletin^
74
AVERAGE YIELDS OF LONG-TERM BONDS.
Table 1.- Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Period
Treasury
bonds 1y
Moody' s Aaa
corporate
bonds
Treasury
bonds iy
Period
Moody's Aaa
corporate
bonds
Treasury
bonds 2/
Moody's Aa
corporate
bonds
3.43
4.08
4.02
3.90
3.95
4.00
4.38
4.41
4.35
4.32
4.26
Annual series - calendar year averages of monthly series
2.46
2.47
2.48
2.37
2.19
2.25
2.44
19i2
19i3
19U
1945
19A6
19i7
19i8
1949
1950
2.83
2.73
2.72
2.62
2.53
1952
1953
1954
1955
1956
1957
2.61
2.82
2.66
2.31
Monthly series
Treasury
Period
January
February.
March. ...
April. ...
May
June
bonds 1/
1953
2.80
2.83
2.89
2.97 2/4/
Moody's
Aaa
Treasury
corporate bonds 1/
bonds
Aaa
corporate
bonds
1955
2.68 2/
2.78
2.78 2/
2.82
2,93
2.99
3.02
2.81
3.04
3.05
3.28
3.24
3.29
3.16
2.91
June
3.02
3.02
2.98
2.83
2.86
2.79 2/
1954
2.69
2.62
2.53
2.48
2.54
2.55
y
2.88
2.90
July
August. ..
September
October.
November.
December.
2.47
2.48
2.52
2.54
2.57
2.59 2/
2.89
2.87
2.89
2.87
2.89
2.90
.
July
August. .
September
October.
November.
December.
January.
February
March. .
April. . .
.
'lay
Period
3.11
3.13
Treasury
bonds 1/
3.01
2.82
3.11
2.95
2.92
2.87
2.89
3.13
2.91
3.06
3.11
3.13
3.10
3.10
3.15
1956
3..06
2..95
2..86
2..85
2. S3
3.11
2.35
2.93 2/
3.07
2.97
2.93
3.08
3.10
3.24
3.28
3.27
3.00
3.17
3.28
3.43
3.56
3.59
3.69
3.75
3.21
3.20
3.30
3.40
Moody's Aaa
corporate
bonds
-
Period
2.%
2.96
3.20
2.90
3.06
3.36
3.89
1961
1962
1963
Treasury
bonds 1/
Moody's
Aaa
corporate
bonds
1957
3.34
3.22
3.26
3.32
3.40
3.58 2/
Moody'
Treasury
bonds 2/
Aaa
corporate
bonds
,67
,66
.67
,74
,91
3.89
4.47
4.43
4.52
4.57
4.56
4.58
3.90
4.00
4.02
3.98
3.98
4.06
3 24 2/
3 28
3 25
3 12
3.60
3.59
3.63
3.60
3.57
3.57
4.37
4.22
4.08
4.18 2/
4.16
3.98
4.61
3.67
3.85
3.86
3.79
3.84 2/
4.41
4.09
4.11
3.91
4.09
4.08
3.93
3.88
14
20 2/
3.36
3.60
3.75
3.76
3.70
3.80
3.81
4.11
4.10
4.26
4.11 2/
4.12
4.27
3.81
3.78
3.80
3.73
3.88
I960
Treasury
bonds 1/
Moody's Aaa
corporate
bonds
Moody's
Aaa
corporate
bonds
Treasury
bonds 1/
1%1
4.12
4.14
4.13
4.23
4.37
4.46
3.99
4.10
4.12
4.10
4.08
3
Treasury
bonds 1/
1959
3.77
3.60
3.63
3.66 2/2/
3.73
3.57 2/
3.30 2/
1958
3
i.''9
averages of daily series
Moody'
3.02
3.07
3.12
3.23
3.34
3.40
.
1958
1959
I960
2.62
2.57
2.68
2.94
2.55
2.84
3.08
3.47
1951
1963
4.32
4.27
4.22
4.25
4.27
4.33
3.97
4.00
4.41
4.01
4.45
4.45
4.42
4.39
4.42
3.99
4.04
4.07
4.42
4.42
4.39
4.33
4.28
4.28
,15
4.56
4.49
4.45
4.46
4.45
4.28
4.25
4.30
4.31
4.35
4.02 2/
3.98
3.94
3.89
3.87
3.87
Period
4.21
,89 2/
,92
4.19
4.19
4.21
4.22
4.23
,93
,97 2/
4.26
4.29
4.31
4.32
4.33
4.35
4.11
4.14
1962
4.08
4.09
4.01
3.89
3.88
3.90
Moody's
Aaa
corporate
bonds
1964
4.37
4.36
.14
34
35
32
28
25
24
Treasury
bonds 1/
s Aaa
corporate
bonds
Moody'
March 1964
75
AVERAGE YIELDS OF LONG-TERM BONDS
,.
.
Treasury Bulletin
76
.MONETARY STATISTICS.
Table 1.- Money In Circulation
(
In mgllions 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
1955
1956
1957
1958
1959
30,229
30,715
31,082
31,172
31,914
28,372
28,767
29,040
29,071
29,699
34
33
33
32
31
2,170
2,148
2,162
2,200
2,155
319
318
321
317
316
25,618
26,055
26,329
26,342
27,029
163
147
133
120
110
67
64
62
I960
1961
1962
1963
32,065
32,405
33,770
35,470
29,726
29,943
31,117
32,592
30
30
29
20
2,127
2,094
2,009
1,847
318
318
318
319
27,094
27,353
28,622
30,292
100
56
54
1962-Deceiiiber.
35,338
32,557
20
2,001
315
1963- July
August.
September.
35,663
35,850
35,891
32,759
32,924
32,944
20
20
20
1,823
1,805
1,816
318
317
316
36,177
37,227
37,692 2/
33,217
34,241
34,662
20
20
20
1,822
1,846
1,877
321
325
321
36,247
33,226
20 i/
1,737
306
.
.
October.
November.
December.
.
1964- January.
.
y
92
85
59
57
78
53
37
30,102
81
38
30,484
30,667
30,678
78
78
77
37
37
37
30,941
31,938
32,331
76
76
76
37
37
37
31,051 6/
75
37
March 1964
77
MONETARY STATISTICS
,
Table 2.- Monetary Stocks of Gold and Silver
(Doll ar amounts In millions)
End of fiscal
year or month
Gold
Silver
($35 per
($1 .29+
fine ounce)
1957
1958
1059,
19601961,
1962.
1963,
1962- December,
21,677.6
21,799.1
22,622.9
21,356.2
19,704.6
19,322.2
17,550.2
16,i35.2
15,733.3
V
per
fine ounce)
3,922.4
3,99i.5
i, 116.6
i, 306.0
15,978.1
i,394.5
4,346.5
i, 317.4
i,315.2
4,318.2
15,632,
15,581,
15,581,
i,313.9
4,313.5
4,311.5
15,582.
15,582.
15,513.
4,298.2
4,275.2
4,265.7
15,512.0
4,258.6
July
Auinist.
.
.
September.
October. .
November.
December.
1964- January.
Ratio of silver to
f^old and silver in
monetary stocks
(in percent)
15
Treasury Bulletin
78
MONETARY STATISTICS
Table 4.- Components of Silver Monetary Stock
(
In millions of dollars)
Silver held in TreasuryEnd of calendar
year or month
Silver
dollars
Subsidiary
coin 3/
2,208.9
2,212.9
2,245.0
2,251.4
2,252.1
2,237.5
2,139.1
1,981.5
253.5
236.3
219.0
202.7
182.3
161.2
130.1
94.0
28.5
15.7
2.3
8.2
14.9
3.2
2.6
3.6
3.4
3.7
July
August
September.
. .
2,071.9
2,052.5
2,039.9
56.4
48.2
45.5
3.9
6.1
3.9
October.
November.
December.
2,022.3
1,999.2
1,981.5
42.8
35.2
4.9
4.9
28.5
1,970.5
27.8
Silver
bullion 2/
1955
1956
1957
1958
1959
1960
1961
1962
1963
2,194.4.
.
.
196A- January .
Source:
1/
2/
.
Silver outside
Treasury
In Treasurer' s account
Securing silver certificates 1/
Circulation Statement of United States Money; Office of the
Treasurer of the United States.
Valued at $1.29+ per fine ounce.
Includes silver held by certain agencies of the Federal Government,
Silver
bullion 4/
Silver
dollars 1/
Subsidiary
coin 3/
Total
silver
at $1.29+
per fine
ounce
235.4
252.2
269.3
285.4
305.5
326.5
357.3
392.5
456.3
1,283.2
1,338.2
1,402.6
1,446.2
1,513.4
1,576.0
1,650.5
1,756.0
1,387.2
3,930.1
4,064.1
4,185.4
4,362.5
4,382.7
4.375.6
4,308.6
4,318.2
4,265.7
28.5
31.6
32.7
429.
437,
UO.
1,824.5
1,839.7
1,852.1
4,313.9
4,313.5
4,311.5
33.1
3.7
24.3
18.0
443.
450.
456.
1,855.4
1,865.2
1,887.2
4,298.
4,275.
4,265.
14.6
14.7
457.0
1,889.7
4,258.
17.9
63
92,
148.
127.
88.
24.
29.
18.0
2^
4^
Valued at $1.38+ per fine ounce.
Includes bullion at cost, bullion valued at $1.29+ per fine ounce
held for coinage, and bullion valued at $1.38+ per fine ounce
held for recoinage of subsidiary silver coins.
March 1964
79
,
MONETARY STATISTICS
Table 5.- Seigniorage
(Cumulative from January 1, 1935 - in millions of dollars)
Soxirces of seigniorage on silver bullion revalued 1/
End of calendar
year or month
Seigniorage
on coins
(silver and
minor) 2/
Newly mined silver 2/
Misc. silver
(incl. silver
Silver Purchase Act
Nationalized
silver
bullion held
June U, 193i)
of June 19,
(Proc. of
Aug. 9, 1934)
1934 2/
18.5
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
1,146.9
1,198.9
48.7
48.7
48.7
48.7
48.7
48.7
48.7
48
48
48
48
48
48
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
1,170.0
1,173.7
1,178.8
October. .
November.
December.
1964-January, .
February.
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1963- July
August. .
September.
.
Proclamation
of Dec. 21,
1933
Acts of
July 6, 1939 and
July 31, 19i6 2/
Total
seigniorage
on silver
revalued 2/
Potential
seigniorage on
silver bullion
at cost in
Treasurer's
account
^
833.7
833.7
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
34.7
34.7
34.7
34
34
34
34
34
34
34
34.7
34.7
34.7
34.7
34.7
34.7
34.7
34-7
34.7
34.7
34.7
34.7
34.7
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
87.6
87.6
4.2
25.7
48.3
63.6
65.3
65.4
65.5
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
167.9
167.9
616.0
705.6
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
1,172.5
1,172.5
48.7
48.7
48.7
833.7
833.7
833.7
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
17.3
17.3
17.3
1,185.1
1,189.7
1,198.9
43.7
48.7
48.7
833.7
833.7
833.7
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
17.4
17.4
13.8
1,208.4
1,214.3
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
8.6
7.6
580.
584.
584.
584.
701.
832.
832.
832.
833.
326.2
422.1
508.1
274.9
397.5
541.6
758.8
950.6
1,055.8
1,089.0
,048.
967.
717.
333.
161.
146.8
129.9
127.2
111.7
81.9
57.2
34.9
6.6
U.3
50.0
72.9
114.0
98.3
70.8
12.6
17.3
13.8
__
Source:
Bureau of Accounts.
1/ These items represent the difference between the cost value and the
monetary value of silver bullion revalued and held to secure silver
certificates.
2/ Total of seigniorage on coins and on newly mined silver, beginning
with that for July 1959, is included under coins; the breakdown is
not available after June 1959.
2/
/^
An act approved June 4, 1963 (77 Stat. 54) repealed the Silver
Purchase Act of 1934, the silver purchase provisions of the act of
July 6, 1939, and the act of July 31, 1946.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
80
Treasury Bulletin
•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 stock 1/
Total gold stock
and foreign currency
holdings
Treasury
Total 2/
1953.
1954.
1955.
1956.
1957.
22,091
21,793
21,753
22,058
22,857
22,030
21,713
21,690
21,949
22,781
22,091
21,793
21,753
22,058
22,857
1958.
1959.
1960.
1961.
1962.
20,582
19,507
17,804
17,063
16,156
20,534
19,456
17,767
16,889
15,978
20,582
19,507
17,804
16,947
16,057
116
99
End of calendar
year or month
Foreign
currency
holdings
1963.
15,808
15,513
15,596
212
1963- February.,
March
April
May
June
July
August ....
Sentember.
October. .
November.
December,
16,023
16,078
16,046
16,009
15,956
15,764
15,725
15,788
15,910
15,780
15,808
15,878
15,878
15,877
15,797
15,733
15,633
15,582
15,582
15,583
15,582
15,513
15,891
15,946
15,914
15,854
15,830
15,677
15,633
15,634
15,640
15,609
15,596
132
132
132
155
126
196i- January. .,
February p.
15,847
15,865
15,512
15,462
15,540
15,518
307
347
The United States also has certain drawing rights on the International Monetary Fund, in which the United States has a quota of
$4,125 million.
In accordance with Fund policies, these drawing
rights include the right to draw virtually automatically an amount
equal to the siun of the United States gold subscription to the Fund
($1,031,2 million) and the Fund's net use of dollars; on February 29,
1964, these two amounts totaled $905.5 million.
Under appropriate
circumstances the United States could draw an additional amount equal
to the United States quota.
Includes gold sold to the United States by the International Monetary
Sr/
92
154
270
171
212
Fund with the right of repurchase, the proceeds of which are invested
by the Fund in U. S, Government securities; as of February 29, 1964,
this amounted to $800 million.
Of this amount, the United States
purchased $200 million in 1956, $300 million in 1959, and $300 million
Note:
1/
2,^
in 1960.
2/
2/
p
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in "Circulation Statement of United States
Money." See "Monetary Statistics," Table 3.
Includes holdings of Treasury and Federal Reserve System,
Preliminary.
Table 2.- U.S. Treasury Nonmarke table Notes and Bonds
Issued to Official Institutions of Foreign Countries
Amount outstanding
End of calendar
year or month
Payable in foreign currencies
Austria
Belgium
Germany
Payable in dollars
Italy
Canada
Switzerland
1962
1963
,
1963- February,
March,,.,
251
730
50
30
431
481
Italy
Sweden
(In millions of dollars)
(Dollar equivalent, in millions)
275
200
200
175
200
200
200
200
81
81
1>'.3
200
200
200
200
200
200
126
150
150
51
135
13
125
58
58
IS'
ISj
1=3
1 ?-•,
58
58
58
1?1
25
April
Hay
June
605
605
25
25
25
July
August,.
September
655
705
705
25
25
25
30
30
30
225
275
275
200
200
200
175
175
175
208
163
163
125
125
12";
58
13
13
25
25
25
October,,
November
December,
705
705
730
25
25
275
275
275
200
200
200
175
175
175
163
163
163
125
125
125
13
13
13
25
25
50
30
30
30
1964- January ,
February,
730
730
50
50
30
30
275
275
200
200
175
175
160
160
12^.
10
10
25
25
551
30
30
Note;
For complete information on U, S, Treasury securities (nonmarketable) issued to official institutions of foreign countries, see
"Public Debt Operations," Tables 8 and 9.
125
125
125
25
March 1964
Treasury Bulletin
82
CAPITAL MOVMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1933.
pursuant to Executive Order 6560 of January I5, 193'*^. Execuand Treasury regulations
promulgated thereunder. Information on the principal types of
data and the principal countries Is reported monthly, and la
tive Order IOO33 of February
S,
191+9
.
published monthly in the "Treasury Bulletin." Supplementary
Reports by banks,
lnformt;lon is published less frequently.
and nonflnanclal
dealers,
and
brokers
securities
bankers,
business concerns In the United States are made Initially to
the Federal Reserve Banks, which forward consolidated figures
These statistics are consolidated by the
to the Treasury.
Treasury and published as promptly as possible.
The reporting forms and Instructions used In the collection of the statistics have been revised a number of times.
The most recent revision became effective with reports
covering data as of Hay 3I
,
countries.
The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactions of business enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
Data on the
business firms to the Department of Commerce.
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
Certain capital transexcluded from the Treasury reports.
actions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports. Consolidated data on all
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
I963.I/ A detailed description
The liabilities data exclude nonnegotiable, noninterestbearlng special notes of the United States held by the Inter-
Including the changes
American Development Bank and the International Development
of the content of the statistics,
Instituted, appeared In the July 1963 Issue of the "Treasury
Bulletin," pages 79-Sl. As a result of changes in presenta-
Association.
tion Introduced In that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds, foreign currency series
(see "International Financial Statistics" section. Table
Sasic definitions
The term "foreigner" as used In the Treasury reports
d individuals domiciled outside
covers all Institutions
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central govermnents,
;
central banks, and other official institutions of foreign
countries, wherever located; ^nd international and regional
ortjanizatlons, wherever located.
In general,
data are reported opposite the foreign
country or geographical area in which the foreigner le domi-
Tata pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
Data pertaining to
which the official instltuticn belongs.
^
2).
Presentation of statistics
Data collected monthly on the Tre.=)Eury Foreign Exchange
Forms are published in the "Treasury Bulletin" In three
provides a summary of the principal data
by period; Section II presents data by country and by period;
and Section III shows detailed breakdowns of the latest avall-J
sections.
Section
I
:"
able preliminary data.
ciled.
Intei'national and regional organizations are reported opposite
the classification "International," "European regional," or
"Latin American regional," as appropriate, except for the
Bank for Internaticnal Settlements and the European Fund,
which are included in the classification "Other Western
Europe
.
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
"long-term" refers to obligations
deduction of any offsets,
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
caoital movements between the United States and foreign
i/
Section IV presents supplementary data in five tables
which appear less frequently than monthly. Table I, shortterm foreign liabilities and claims reported by nonflnanclal
concerns, is published quarterly in the February, May, August,
and November issues of the Bulletin. Table 2, estimated gold
reserves and dollar holdings of foreign countries and interis published quarterly in the March,
n^.tional institutions,
June. September, and December issues.
Table
3,
foreign credit
and debit balances in brokerage accounts, appears semiannually
Table ^, short-term
in the March and September issues.
banking liabilities to foreigners in countries and areas not
regularly reported separately, heretofore has been presents^
annually in the March issue, but beginning with the Auguslj
1963 issue is published twice a year,
covering data as ot
April 30 and December 31.
Table 5, purchases and sales of
long-term securities by foreigners during the preceding
calendar year, appears annually in the April issue.
Copies of the reporting forms and instructions may be obtained from the Office of Balance of Payments, Office of Internaticnal Affairs,
Treasury Department, Washington 25, D. C, or from Federal Reserve Banks.
^
March 1964
83
.CAPITAL MOVMENTS.
Section I - Summary by Periods
Table 1.- Net Movements of Banking Fimde and Transactions In Long-Term Securities with Foreigners^/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Analysis of net movement
Changes in liabilities to foreigners
Calendar year
or month
1%6
-767.6
261.8
280.9
164.5
,576.3
-387.7
,225.2
,278.1
521.9
945.0
416.4
-940.5
-903.6
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
,338.5
479.8
-404.8
1962
305. 4r
1963p
1963- January.
February.
.
March
April
May
June
July
August.
September.
October,
November.
December p
.
.
.
1964- January p.
Note;
1/
2/
2/
Net
movement
Total
Short-term
banking
funds
-752.1
550.3
405.7
-25.1
1,971.5
73.3
1,560.0
1,090.5
1;420.3
1,367.4
1,493.2
369.6
989.8
4,353.2
2,268.0
1,909.2
-418.4
636.2
601.5
-100.0
1,026.8
657.4
1,243.9
1,102.4
1,270.2
682.1
1,338.4
219.1
1,000.8
3,229.6
1,882.9
1,178.7
1,822.9r
2, 489. Or
-763.6 3/4/ 1,859.5
942.8
37.4
-272. 6r
61. 3r
-69. 8r
-67.3
-134.6r 2/
147. 6r
-367. 1r
373. Or
158. 1r
328. Or
50.2
,074.6 4/
11.4
72.4
-9.5r
222. Ir
240. 7r
379. 6r
U9.8r
-330. Ir
445. 8r
179.9r
422. 7r
283.9
-497.6
197.7
41 .6r
175. 9r
184.8r
86. 2r
408. 8r
-345.5
282. 6r
94. Or
425. 6r
Long-term
banking
funds
in:
U.S. Gov't
bonds
and
notes 2/
Other
domestic
securities
2/
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
-64.5
-150.6
Total
Short-term
banking
fxinds
-315.5
-240.7
-69.8
190.8
-76.2
-70.5
-80.3
144.2
-482.0
-162.0
-397.2
-253.7
-342.6
-82.0
-990.2
Long-term
banking
funds
Transactions
in foreign
securities
265.1
39.0
-94.8
27.8
8.2
Ul.l
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
156.2
291.3
193.9
-39.0
435.5
251.8
223.5
-15.5
-288.5
-124.8
189.6
-395.2
-461.0
-334.8
187.6
-898.4
-422.4
-1,076.8
-1,310.1
-1,893.4
-1,014.7
-1,788.2
-2,3Li.0
2.1
-728.0
59.3
-1,517.5
-343. Or
-126.6r
-1,047.9
39.3
670.9
206.5
-2,623.1 2/4/
-741.5
-837.4 2/4/
-1,044.2
127.5
12.2
-7.0
0.4
38.0
70.6
1.1
-0.4
0.8
0.1
-1.5
8.7
-8.3
-0.8
6.7
-5.2
-U.I
1,
U.5
5.
12.2
205.6
22.2
-10.2
142. 2r
83.3
8.0
104.7
-25.0
17,
6.
9.
3.
-1.2
-494.9
-2.9
-0.3
186.3
3.7
151.1
Changes in claims on foreigners
Transactions
Data below the line include changes in liabilities and claims reported by a number of banks included in the series beginning
December 31 , 1961
For an explanation of statistical presentation and exclusions, see
headnote on page 82.
Through 1949, transactions in U. S, Government bonds and notes include transactions in domestic corporate bonds,
Change in long-term banking funds during May 1963 reflects the
-5.1
4/
«
p
-M4.3
-21.2
2.3
98.7
12.7
70.5
12. 2r
16. 2r
17. 5r
3.8
-10.9
31.0
22.6
12.8
-35.0
-263.1
-160.8r
-310.5
-514. 2r
-302. 2r
-37. Or
-72. 8r
-21 .8r
-94.7
-233.7
-577.0 4/
-186.3
-1,U8.2
211.5
-123.7
-34. 8r
-191.2
-36. 3r
-182. 8r
62. 6r
34.4
-1.4r
-132.7
-183.1
-158.3
34.9
-86.8
39.8
-29.0
-173.6
-13.5
-36.6
115.6
-116.0
-230.0
-168.5
-334.3
-188.3
-183.0
-153.3
-335.4
11.6
27.1
-11. 3r
-52.5
-193.5 2/
-17. 6r
-34.5
-40.9
-36. 9r
2.2
-60.6
-430.6 4/
-33.1
-U5.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
-644.7
-830.4
-258.1
-161.5
-114.7
-66.8
-284.4
-101 .8r
-65. 1r
-66. 3r
16. 5r
35.8
10.0
12.4
35.0
inclusion of 185.6 million of long-term claims previously held but
first reported as of May 31, 1963,
Change in long-term banking funds during December 1963 reflects the
inclusion of $136,1 million of long-term claims reported by banks for
the first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Less than $50 thousand,
Preliminary.
r Revised.
Treasury BuUetiti
84
.CAPITAL MDVIMENTS,
Section I - Summary by Periods
Table 2.- Banking Liabilities to and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term claims on foreigners
Short-term liabilities to foreigners
End of calendar
year or month
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
i960
1961
1961 2/
1962
1963p
Payable in dollars
Total
shortterm
liabilities
4,179.0
3,043.7
1,831.9
2,836.3
2,907.7
3,615.5
3,547.6
4,654.2
5,666.9
6,770.1
6,952.8
8,045.4 4/
7,916.6 4/
8,664.9
9,154.3
10,212.3
10,893.2
22,532.6
25,021 .6r
1'>,''91.^
25,964.4
24,954.3r
24,995 .9r
25,171.8r
25,356.6r
25,442.8r
1964- January p.
26,150.7
2/
4/
5/
6/
Official
institutions
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
21,271.6
22,450.3
1963- January
February .
March
April
May
June
July
August....
September.
October. .
November.
December p
iy
Foreign countries
25,851 .6r
25,506.1r
25,788.7r
25,882.7r
26,308.2r
26,459.4
25,964.4'
11,915.3r
12,439.7
Other
foreigners
Foreign
banks
2/
2/
2/
2/
2/
2,064.0
2,528.2
2,569.8
2,529.3
2,530.4
2,943.1
3,362.9
3,413.0
3,460.5
4,601.1
4,704.8
5,299.5
5,380.4
5,251.0
5,687.2
.
.
2,678.5
2,922.2
2,972.8
2,947.1
3,001.5
1,392.5
1,513.0
1,675.8
1,779.1
1,805.1
1,783.5
2,029.8
2,252.3
2,430.4
2,398.1
2,229.6
2,355.5
2,356.9
2,564.4
3,046.0
Total
longterm
liabilities
Payable
International
and
regional
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
1,5U.O
3,158.1
4,011.8
in
foreign
currencies
25.5
40.6
49.7
70.4
51.0
44.9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
.9
1.4
4.6
1.0
.7
1.0
1.2
2.3
1.8
2.7
2.8
1.2
9.9
1.6
.8
Payable in dollars
Total
shortterm
claims
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
3,614.2
4,762.3
y
2/
2/
73.4
86.1
87.9
85.2
243.0
160.9
176.
241.
400.
350.
290.
328.
.7
3,751.7
5,147.5
4,654.6
150.4 6/
143.4 6/
136.9 6/
2.2
4.3
43.7
4,820.3
5,163.2r
5,904.7
328.';
4.3
4.3
5.6
11.3
28.5
4,951 .8r
322.4
293.0
254.6
5,099.8
5,058.6
4,982.4
5,028.6
4,861.5
4,837.6
4,950.2
4,823.2
4,782.7r
4,770. 9i
4,682.7
4,654.6
164.2
150.1
143.4 6/
116.1
129.5
126.6 6/
108.4
111.7
108.2
144.8
129.5
136.9 6/
U.5
12,365.5
12,439.7
2,562.9
2,654.1
2,671.7
2,757.9
2,762.0
2,821.2
2,796
2,863
2,920
2,942
3,024
3,046.0
48.0
46.8
46.8
43.9
43.7
5,OS0.5r
5,115.3r
5,306.5r
5,342.8r
5,525.6r
5,463. Or
5,428.6r
5,430.0
5,562.7
5,745.9
5,904.7
12,189.5
6,142.2
3,001.0
4,687.5
130. 6
i7.
6,092.9
12,3n.2r
i/
II
7.5
2.2
5,606.3
5,691.5
5,636.9
5,563.8
5,617.3
5,711.8
5,689.8
5,771.8
5,676.0
6,138.6
6,257.8
5,687.2
11,520.7r
11,44l.6r
11,737.3r
11,890.1r
12,072.5r
12,354.5r
11,961.4r
12,218.3r
12,395.3r
Official
institutions
113.1
150.4 6/
3,751
For exclusions see headnote on page 82.
Included vith "Other foreigners."
Included with "Other claims."
Beginning in August 1956 and also in April 1957, certain accounts previously classified as "Foreign banks" are included with "Official
institutions.
Differs from 1961 end-year data on the preceding line by inclusion of
liabilities and claims reported by a number of banks included in the
series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions begin-
6/1
35.1
Payable
Loans to:
358.9
188.5
Foreign
banks
100.3
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
699.4
Other
foreigners
2/
104.2
109.8
131.7
109.8
142.0
235.6
330.4
303.0
427.5
460.1
482.1
494.3
328.7
503.4
627.9
451.5
175.
140.'
227.
187.
216.
390.
660.0
883.3
1,121.6
1,076.7
1,098.2
1,837.8
2,531.1
165.4
100.4
110.8
240.6
91.8
73.4
101.6
211.0
163.9
149.6
147.3
197.7
217.2
479.6
535.6
2,573.9
2,652
3,359
586.3
557.1
623.5
2,033.8
2,160.4r
2,997.8
2,148.81
2, 121.71
2,133.0i
712.8
709.9
759.6
761.8
522.7
2,613
546.3
2,725
574.6
2,764
2,966
593.9
594.3
3,106
691.6
3,127
3,156 1r 635.7
3,038 7r 631.2
601.6
3,091
691.2
3,139
635.7
3,133
623.5
3,359
797.7
3,414.9
617.6
648. 8r
662. 3r
671. 1r
1,046.5
47.5
98.1
8U.9
192.2
foreign
curren-
Total
longterm
claims
cies
245.0
290.5
490.6
6??.
136.0
165.8
176.8
153.4
200.7
183.5
Other
claims
2/
2/
2/
2/
700.2
952.6
971.6
853.4
850.4
824.2
790.3
884.3
842.5
891.1
847.6
868.8
966.2
971.6
236.1
171 .4r
141.8
in
641 .8r
761.8
686.0r
630. 1r
680. 5r
692. 7r
701 .7r
557.1
584.1
641.6
403.9
440.5
324.9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
2, 185.51
2, 378.91
2, 396.51
2,431.01
2,471.91.
2,508.8'
2,506.62,567.2
2,997.8
3,030.9
ning October 1961. Figures for selected dates are as follows;
end 1961, $46. 3 million; end 1962, $47.9 million; March 1963, $47.9
million; June 1963, $25.5 million; December and end 1963, $30.1
million; January 1964, $30.1 million.
1963;
Includes claims previously held but first reported as of May 31
as of that date such claims amounted to $85.6 million.
Includes claims amounting to $186.1 million reported by banks for the^
first time as of December 31, 1963, representing in part claims
previously held by banks but not reported,
Revised.
Preliminary.
r
.
7/
8/
p
,
March 1964
85
,
CAPITAL MOVaiENTS.
Section I - Summary by Periods
Table 3.- Purchases and Sales of Long-Term Domestic Securities by Foreigners
i/
(In millions of dollars; negative figures indicate a net outflow of capital from the United States)
Corporate and other
U.S. Government bonds and notes 2/
Bonds j/
Foreign countries
Purchases
Sales
Official
1946...
19i7...
1948...
1949...
1950...
1951...
1952...
1953...
1954...
1955...
414.5
344.8
282.4
430.0
1. 236.4
673.6
533.7
646.0
800.9
1, 341.1
883.4
666.1
223.9
216.9
729.6
743.7
779.9
867.1
1956. .
1957...
1958...
1959...
1960...
1961...
1962...
1963 p.
1963- January ....
February. .
March
April
May
June
July
August
September.
October, . .
November.
December p.
.
1964- January p .
\/
2/
Net
Stocks
purchases
Net purchases
Calendar year or month
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
517.6
132.3
481.3
58.4
297.5
56. 9r
40.7
175.5
171.0
35.0
193.5
7.5
90.1
176.4
436.8
46.2
91.9
34.7r
66.4
50.9
33. 2r
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
4.
5.1
5.0
32.4
104.7
-25.0
71.5
-5.1
26.7
8.0
-21.3
-.7
-11.8
-5.6r
4.7
-9.0
126.7
30.9
42.9
81.9
14.1
43.4
-6.3
87.7
26.9
3/
106.
-37.
-U.l
Purchases
74.5
7.5
87.0
117.9
-19.3
523.9
-97.9
-20.0
-206.6
369.1
127.5
44.5
12.2
205.6
22.2
-10.2
142. 2r
83.3
Other
of
International
and
regional
2/
y
9.6
14.7
68.3
-32.7
70.0
-169.1
273.0
164.9
224.5
532.2
-521.4
301.8
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
21.3
-6.6
40.0
7.1
100.2
-8.0
-3.4
105.0
-3.3
36.5
20.5
15.3
17.7
27.8
16.0
23.7
23.3
12.8
Net
Purchases
purchases
Sales
2/
2/
2/
21
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
2/
2/
2/
2/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
392.3
416.1
359.0
246.4
50.1
-99.2
-51.3
9.3
27.7
18.1
15.1
16.7
2.5
.2
3.0
U.2
-4.7
60.4
-14.0
18.4
29.5
17.4
24. 6r
15.3
22.1
19. 6r
16.9
25.2
27.7
16.7
-48.6
26.9
17.7
.8
For exclusions see headnote on page 82.
Through 1949, includes transactions in corporate bonds.
3/
1.0
10.3
-8.6r
8.4
1.2
-6.8r
-2.7
-6.8
1.7
9.1
Sales
Net
purchases
domestic
securitie
432.1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
1,433.7
1,363.5
1,163.8
1,453.6
1,861.5
1,774.8
2,744.6
2,149.1
2,525.9
-64.5
-150.6
-144.3
-21.2
-334.
2.9
944,
3.4
-9.5
246.6
240.0
246.3
174.6
172.2
161.3
218.6
221.7
317.5
176.6
185.0
216.0
254.8
202.2
225.5
282.0
278.3
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1,397.3
2,224.4
1,976.5
3,067.3
2,260.2
2,723.1
178.0
162.8
161.5
255.5
282.0
338.2
184. 4r
201. 3r
226. 5r
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
362.9
201.7
322.7
lll.l
197.1
-192,
75.
-584
314.9
-11.5
149.3
685.2
156.4
141.8
-2.7
1,124.4
378.4
735.7
-668.2
877.2
139.7
-51.1
44.9
50.2
276.2
34. 4r
6.0r
159. 8r
87. Or
-2.8
135.5
-2.4
.2
36.9
60.2
20.7
7.8r
16. 3r
10. 5r
-8.2
37.8
20.8
7.7
3.7
Government
Through 1949, included with transactions in U. S.
Revised.
Preliminary.
r
bonds and notes.
p
Table 4.- Purctiases 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 stocks
Foreign bonds
Calendar year or month
Sales
1946..
1947..
1948..
755.9
1H9..
1950..
1951..
1952..
1953..
1954.
1955..
1956..
1^57..
1458..
;i^59..
1960
1961..
.
1'962..
fL963p.
1963-January . .
February.
March
April
May
June
July
August
September.
October.
November.
December p.
.
.
.
.
.
-964- January p
.
.
Net
purchases
Sales
Net
purchases
Total
purchases
Total
sales
Net purchases
of foreign
securities
Treasury Bulletin
86
.CAPITAL MDVMENTS.
Section II - Summary by Countries
Table 1.- Short-Term Banking Liabilities to Foreigners ,i/
(Position at end of period In millions of dollars)
1963
Calendar year
Country
I960
Eiirope;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom, ,
Yugoslavia
Other Western Europe 2/
D.S.S.R
Other Eastern Europe 2/
243.1
142.0
54.2
46.0
519.0
'i,klb.l
63.1
877.1
328.5
81.9
83.6
148.5
226.6
678.2
18.4
1,667.3
10.0
356.5
12.1
14.0
,
Total Europe
9,045.7
Canada
2,438.8
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
;
American Republics 4/...
Bermuda
Antilles and Surinam....
America
^
^^
Total Latin America
315.0
194.1
135.1
158.3
77.0
397.3
123.0
72.2
51.3
398.2
233.6
68.8
72.0
11.8
2,307.8
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
;
34.8
57.3
53.9
,
,
,
Total Asia
,
Africa;
Congo (Leopoldville)
,
^
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa 2/
Tstal Africa jj
Other countries
Australia
All other 2/
,
-
;
Total other countries 2/
International and regional
International
European regional 2/
Latin American regional
;
Total international and regional 2/
Grand total
,
178.2
74.7
1,887.5
152.2
202.8
83.7
185.8
204.3
3,115.3
31.9
64.3
29.3
21.9
79.6
227
1961
1962
1963p
Au^st
September
October
November
December p
March 1964
87
.CAPITAL MOVMENTS.
Table 2,
Section II - Summary by Countries
- Short-Term Banking Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Calendar year
196^
1963
Country
1960
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/....
U.S.S.R
Other Eastern Europe 2/ 3/
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
American Republics ^ZBermuda
Antilles and Surinam.
America 4/
^
Total Latin America,
Asia:
I
China Mainland.
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
il
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
[Other countries:
Australia
All other 2/
Total other countries S/
International and regional
jrand total.
.
2.3
65.1
13.2
9.2
32.0
81. S
6.2
34.1
33.3
17.0
3.9
7.6
27.9
59.5
AS.S
245.3
11.1
10.9
7
1961
1962
1963 p
iiugust
September
November
December p January p
Treasuri^ Bulletin
88
.CAPITAL MOVByENTS,
Section II - Summary by Countries
Table 3.- Long-Term Banking Claims on Foreigners
(Position at end of period in millions of dollars)
Calendar year
1963 1/
Country
I960
1961
1962
1963p
1/^
August
September
October
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U. S. S. R
Other Eastern Europe
2.9
35.1
7.1
5.2
20.5
23.2
i.O
37.1
13.6
,
1U.6
2.7
4.5
38.8
2.2
Canada
Latin America!
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
3.1
12.5
69.8
7.4
26.2
46.4
164.7
4.0
.8
65.4
11.3
10.0
12.9
24.5
80.3
13.4
31.6
1.1
201.9
26.6
10.2
50.1
39.1
9.4
17.6
101.2
73.6
93.4
57.1
53.7
35.1
53.8
35.1
54.7
41.7
38.3
135.6
16.4
160.5
16.6
40.0
107.8
17.3
74.1
1.3
220.4
47.5
21.1
26.0
13.6
16.6
40.4
117.9
17.0
33.5
93.9
34.9
54.2
21.8
40.4
126.8
16.9
107.6
1.3
219.8
47.8
20.8
24.2
13.6
216.4
52.5
28.0
33.7
15.0
5.0
237.8
75.5
43.7
45.2
16.1
.1
.1
.7
.8
.8
.8
15.3
1.8
7.9
10.7
33.7
34.7
34.7
34.7
2.1
2.9
25.2
1.1
4.3
.9
.9
.9
.9
8.5
6.0
5.9
6.7
366.6
492.9
577.6
1,090.8 Z/
75.5
273.9
303.
118.
233.7
73.4
262.8
26.7
29.6
62.0
253.1
18.5
64.3
Total Latin America
8.3
86.2
263.5
23.3
61.5
8.3
8.3
798.9
836.
257.2
267.4
276.3
65.6
227.5
30.2
69.3
65.4
228.5
27.2
66.5
55.3
205.7
25.9
64.3
g
893.6
.9
.9
.9
.6
.6
.6
.6
182.0
171.2
19.4
194.9
21.5
13.3
1.5
166.9
9.8
322.1
2A.7
26.0
31.3
56.4
60.2
43.7
4.9
4.3
259.7
22.0
20.1
2.3
106.3
48.1
48.3
7.0
3.6
258.1
261.9
23.4
20.5
2.4
1,008.6 2/
910.4
30.3
12.1
American Republics 3/Bermuda
Antilles and Surinam.
America 3/ Ij
5.1
.1
42.5
25.7
Peru
Asia
7.4
19.3
Total Europe
Uruguay. . .
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
36.7
33.7
10.1
.4
.6
139.8
9.2
245.5
11.9
V
V
6.3
U
7.5
22.8
20.5
2.4
105.8
49.1
47.5
54.1
49.8
47.0
3.2
3.i
65.4
72.9
71.7
913.9
931.3
S.O
19.4
LA.U
10.2
19.1
16.4
50.8
8.4
23.7
15.0
1-5
24.6
2.5
23.1
22.4
2.0
21.8
27.7
74.3
28.2
2i8.0
26.2
136.3
26.0
140.7
1U.3
82.4
1.8
3.7
25.3
85.3
1.7
3.7
24.9
102.9
1.6
3.8
25.7
301.4
307.2
327.5
31.9
.3
3.8
3.9
818.1
:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
3.0
Total Asia.
50.1
70.4
.4
.3
5.5
14.3
.6
8.2
15.7
3.6
27.4
100.8
1.6
3.7
31.3
134.1
170.1
222.1
U2.8
39.7
39.3
35.0
25.2
31.0
30.5
61.0
4.8
^^9.2
23.9
1.6
15.5
27.7
.2
.2
72.1
27.9
1.3
64. 2r
63.2
70.9
y
112.9
124. 5r
121.6
120.4
y
Total other countries b/ ...
International and regional
Grand total
"3.9
v
y
y
.
.
.
25.3
15.6
Total Africa
Other countries;
Australia
All other
2.0
3.1
.9
Africa;
Congo ( Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
,
.1
2/
27.7
75.1
21.3
41.9
43.8
66.9r
60.2
7.6
69.7
9.5
3.4
208.3
165.6
171. Ir
67.7
79.3
77.1
.1
.
1,698.4
2,033.8
2,l60.4r 2,997.8 1/2(2,471.9
2,508.8
17.3
December p 2/
March 1964
69
CAPITAL MOVMENTS
Section II - Summary by Countries
Table 4.- Net Transactions In U. S. Government Bonds and Notes by Foreigners
i/
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Country
Treasury Bulletin
90
.
CAPITAL MOVEMENTS.
Section II - Summary by Ckjuntrles
Table 5.- Net Transactions in Long-Term Domestic Bonds,
Other Than U. S. Government Bonds and Notes» by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1963
Country
1962
1961
1960
1963p
August
September
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
580
89
-246
-119
iB2
-635
23
-1,793
-409
-451
-103
818
140
269
211
11,345
-4
7,616
,226
-176
-4,366
782
-218
-79
58
20i
,766
37
54
-3
-428
-2,616
-78
-1
Total Europe
Latin America;
Argentina
Brazil
Chile
Colombia
-19
-56
362
43
-210
1,828
-16
-7
1,037
1,260
-17
-1,460
971
39
-101
-176
-140
-10
43
1,649
7
454
3
6
-19,846
10,674
33,345
2,767
-39,628
-76,249
-51,845
-3,439
-9,729
-86
386
-214
132
917
217
687
-70
81
19
209
-5
52
-3
1
6
105
-56
-79
-196
240
-120
-54
544
1,394
755
793
-698
-1,265
-16
54
-397
-887
2/
2/
10,349
417
208
2,475
17,609
-130
-115
317
-56
58
395
Total Latin America
-115
-13
60,045
1,751
1,292
American Republics 1/
Bermuda
Antilles and Surinam,
America 1/ 2/
2
-562
-25
-39,058
56
49
Cuba
Mexico
-3
585
278
-179
4,582
-12
-5,719
-231
5,489
,
-1,271
-136
14
-297
-9,394
-7,915
-9
-439
-410
2,654
-19
-927
-1,545
14,804
-110
-334
-1,128
11,258
-6
9,507
39
Canada
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-10
2,765
65
108
-1
69
-2,705
-2
1,589
-35
289
2/
-542
1
1,284
20
-148
179
93
V
912
1,786
1,153
796
5,302
233
17
7
-19
20
2
44
144
1_
461
-28
42
59
148
-Sir
-60
-140r
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
33
266
93
56
-28
4
65
736
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
52
110
-3
104
43
-18
904
3
87
4,905
295
4
470
766
6,143
402
49
1/
2/
-2
82
1/
-19
-2
55
2/
1/
-9
4/
k'
4/
-i--
59
9
22
-11
476
49
166
-792
29
602
194
11,548
9,878
12,078
16,190
1,020
1/
V
Total Africa
;
Total other countries
-903
^
International and regional
International
European regional
Latin American regional
;
Total International and regional.
Grand total
)5
57
8
Total Asia
Other countries
Australia
All other 2/
52
48
52
3
-2
671
6
-10
-12
-29
37
-37
18
11,548
9,878
12,078
16,190
1,020
50,088
-99,227
-51,333
9,329
1,216
October
November
December p
March 1964
91
,
CAPITAL MOVEMENTS.
Section II - Summary by Countries
Table 6.- Net Transactions In Domestic Stocks by Foreigners
(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1963
Coxintry
1960
1962
1961
1963p
August
September
October
November
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,...
U.S.S.R
Other Eastern Europe l/.
.
.
.
Total Europe
Canada
Latin America;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
195
,2A5
790
-116
37 ,881
19 ,716
-259
29 ,219
,260
-399
10 ,820
376
121
.115 ,0i8
1,968
-10,960
-641
-891
-9,006
-8,370
-327
5,006
3,014
-1,412
15,595
335
731
-28
-1,896r
-1,334
82
-34
884
-118
595
-149
-47
6,933
-9
3,610
589
3,473
-267
-25,303
459
196,467
362
-1,304
-14
-14
660
173, /;97
252,121
113,152
165,639
-6,281
-21,878
32,866
5,129
4,520
-6A1
1,793
1,735
120
-184
-6,029
3,881
-1,290
-21,587
3,017
-789
2,461
3,007
2,249
1,097
-136
-777
-1,300
897
347
-1,055
1,160
194
486
3,561
1,086
2/
11,962
-12A
-522
5,238
1,063
742
355
5,430
9,824
378
-1,163
8,806
2,660
i/
9,374
2,224
2/
1,594
-1,715
2,369
-1,680
18,064
44,409
-21,293
172
8,317
87
-40
105
504
-92
37,684
28
113
-31
-69
56
-23,249
65
77
738
9
181
34
689
-1,285
4,202
-127
154
4,921
12,352
108
-iO ,920
-13
2 ,939
242
384
-24
-1
217
-587
-1,111
-7
450
16
-157
890
104
-87
239r
6
-79
-721
-1,620
1
1,126
-1,222
282
904
-540
108
-10,338
231
632
-45
2,588
-688
26
1,488
2,733
129
286
42
470
188
-438
-287
-485
-95
-42
684
3,489
207
119
225
-329
2,836
-649
5,177
655
20,933
8,015
103
200
8,509
14,577
431
-737
613
36
21
429
234
-2,230
10
121
3
3
-1,673
-1,211
3,540
918
-2,9U
Total Latin America.
-202
-3,697
-268
-425
4,852
31,618
12
-2,972
8,504
-898
429
-3,862
117,236
-262
-40,589
62
American Republics 2/,
Bermuda
Antilles and Surinam.
America 2/ 2/
580
3,141
-1,810
-427
22,587
22,711
-709
14,272
28,971
-668
6,538
1,559
-1,200
161,565
235
-10,940
12
5,718
-1,238
2,566
361
18
10,004r
74
34,151
14,606
-7,965
-2,715
5,392
-127
-12
306
171
261
71
78
-2
-225
546
107
106
-226
354
-1,690
-445
-345
-50
-480
-352
220
428
-1,907
-505
285
52
-48
-107
-496
54
-349
10
233
526
-1 ,792
487
552
714
285
-83
426
-532
389
105
-122
283
-578
2,940
300
-945
30
-224
145
108
552
-505
163
8,639
-1,015
-3,714
-578
4,850
490
-118
3,227
114
-89
-54
-2
847
66
611
1,092
33
8
-24
16
-30
39
48
y
1
-193
288
-81
187
-386
-171
-73
8
4
629
Asia:
China Mainland,
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines. . .
Taiwan
Thailand
Other Asia
100
Total Asia
Africa:
Congo (Leopoldville)
58
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
709
-191
16
5
1
441
14
-4
-18
-543
-13
-4
-7
9
-30
47
-25
-5
-71
472
615
-45
396
-8
U7
69
3
3
132
10
20
3,345
6,280
267
7
-628
557
37
713
43,254
-18,279
10,913
1,186
709
686
827
242
12
-52
34
7
-12
14
617
264
V
64
27
515
103
213
-61
768
64
2
7
-42
-13
120
7
-6
17
-322
21
11
76
62
890
4
-14
11
-I64
-1
22
58
3
19
-44
19
26
294
32
-278
183
-356
371
-225
-11
-69
-259
-78
-19
-91
5
-54
85
y
y
y
V
y
304
800
797
1,826
636
-533
225
-107
20
13
1,«
2,726
203
984
33
-328
-97
-131
2,424
2,082
4,481
5,959
-115
684
276
426
46I
2,424
201,736
2,082
322,714
4,481
111,130
5,844
197,148
276
-8,191
426
37,813
20,835
Total Africa.
Other countries:
Australia
All other
V---
Total other countries
^.
International and regional :
International
European regional
Latin American regional..
Total international and
regional
Grand total
1/
2/
,2/
Through April 1963, includes Czechoslovakia, Poland and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for other
Latin American republics included with "Other Latin America."
Through 1963, Bahamas and Bermuda are included with "Other Latin America."
4/
5/
p
684
16,302r
-5
621
10,526r
-40
461
Through 1963, "All other" coxintries include Morocco and "Other
Africa,"
Through 1963, "Total other countries" include "Total Africa,"
Preliminary,
Revised,
r
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
Section II - Summary by Countries
in Long-Term Foreign Bonds by Foreigners
7.Transactions
Net
Table
(In thousands of dollars; negative figures indicate net sales
1/
^
"Other Western Europe" may include transactions with regional organizations through June 1962, and with some Eastern European countries
through April 1963.
Through April 1963, includes Czechoslovakia, Poland, and Rumania only.
Through April 1963, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other Latin American Republics included with "Other Latin America."
March 1964
93
.CAPITAL MOVMENTS.
Table 8.
-
Section II - Summary by Countries
Net Transactions In Foreign Stocks by Foreigners
(In thousands of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
I960
1961
1962
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugo si avia
Other Western Europe.,..
U.S.S.R
Other Eastern Europe 1/
Total Europe.
-176
-6,946
-170
-19
-7,332
.,206
',674
-31,235
-36,646
-200
-4,049
-71,852
464
40
.,312
-28, 590
97
-12
-63,387
-39,509
-13,747
-494
3,395
-66,074
-491
285
-832
-266
-20,944
-18
4,081
-377
-1,292
-583
:,517
,906
Sin
121
-23
,889
i2 ,147
370
-3,034
-495
-587
-75,207
Canada.
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
-13
-922
-315
-23
13,
-246,922
-143,717
-74,117
74,254
-651
-3,159
-222
-1,246
-356
-1,684
-234
-960
-7
360
910
396
-91
-1,425
1,385
1,128
-425
172
99
;
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
-2,i85
-1,020
-334
100
-307
-543
-4,294
-1,765
-180
-16
American Republics 2/.
Bermuda
Antilles and Surinam..
America 2/ 2/
Total Latin America.
608
-13,996
-657
99
159
2/
2,060
-25,397
-24,207
-27,355
-6,077
-50
2
-147
-13
-1,127
-32
-486
-47
-8
-4,319
-22,206
30
2/
3/
811
-4,447
1
Asia;
il
j
I
ij
I
!
;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
2
48
-744
-6,697
249
204
-3
-60
42
10
-718
-66
-2
-27
-515
-753
-8,251
-27,758
2,978
-234
11
4
y
i''
-65
-55
-13,603
-121
1
3
i'
.1
^
Total Asia
Africa :
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
Total Africa
Other countries:
Australia
All other ^Z
Total other countries
i
-
^
International and regional ;
International
European regional
Latin American regional
Total international and regional.
Grand total
2
4/
-13,952
785
643
785
643
-82,624
-369,954
V
19
-6
4/
y
Treasury Bulletin
94
CAPITAL MOVMENTS
Section II - Summary by Countries
Table 9.- Estimated Holdings of U. S. Government Bonds and Notes
(Position at end of period in millions of dollars)
On basis of 1963 survej,
On basis of I96O survey
Country
December
1960
Europe:
Austria
2
31
«
5
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
August
2
1r
15
October
December p
2
2
2
1r
1r
1
1
14
13
13
•t
15
»
J*
*
1
3
3
3
3
3
3
6
3
3
*
3
3
3
«
3
1
«
«
«
1
1
1
1
1
1
2
2
4
133
126
131
16
2
i.
3
1
2
2
U8
126
87
133
133
133
1
1
1
1
1
1
1
1
1
1
82
93
93
123
83
83
December p
2
A.
9^
November
15
»
30
2
3
Italy
Netherlands
Norway
Portugal
Spain
Sweden
S.
1962
3
Belgium
Denmark
Finland
France
Germany
Greece
U. S.
1961
1963
1963
September
83
1
123
82
1
123
83
1
1
133
83
1
1
133
83
2
129
75
»
n
«
*
«
*
»
»
420
435
370
312
327
360
361
328
43
46
48
50
50
50
50
45
846
848
717
705 r
752r
793
788
743
446
459
389
644
689
692
636
687
7
5
4
1
*
1
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
3
5
5
5
5
5
3
13
lir
15
6
16
16
16
16
16
15
31
33
34
33
33
33
33
23
36
36
36
39
51
47
10
9
50
R
Other Eastern Europe
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
P anama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
8
7
;
1
2
*
1
1
American Republics..,
Bermuda
Antilles and Surinam.
America
1
5
5
1
1
1
«
»
1
1
1
«
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
5
»
;
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
1
1
a
6
1
1
1
3
2
1
5
5
»
39
38
34
56
lo~
~92~
5
36
36
Africa;
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
11
12
10
10
10
10
Total Africa
11
12
10
10
10
10
900
1,240
798
1,069
1,068
1,071
1,132
97
95
95
95
Other countries;
Australia
All other
Total other countries
International and regional ;
International
European regional
Latin American regional
Total international and regional.
Grand total
1,129
«
192
900
911
2,326
2,110
84_
1,166
1,163
1,227
1,213
2,610r
2,693
2,806
2,781
March 1964
95
CAPITAL MOVMENTS
Table
I.-
,
Section III - Preliminary Details by Countries
Short-Term Banking Liabilities To Foreigners as of January 31, 1964
jy
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Country
Total
shortterm
liabilities
To foreign banks and official institutions
U.
Total
Deposits 2/
D.
S.
Treasury
bills and
certificates
Europe:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe,
U.S.S.R
Other Eastern Europe.
360,177
i39,667
175,885
92,58i
1,i87,029
2,999,337
357,276
409,591
166,777
88,966
1,437,076
2,958,575
161,718
654,440
259,111
306,315
76,384
62,275
235,564
222,076
62,681
291 ,491
78,909
140,004
167,059
410,024
771 ,777
15,914
1,221,127
13,147
324,545
2,631
20,883
95,537
63,406
137,026
155,451
120,779
287,963
15,774
1,012,697
10,415
42,964
2,577
19,242
10,762,996
9,691,930
3,438,481
3,098,863
2,856,906
1,839,985
381 ,073
219,139
167,533
130,537
173,572
11,409
684,279
111,048
168,110
104,860
645,728
354,385
128,295
81 ,888
32,028
73,123
1,290
447,761
7,352
79,254
28,146
345,455
198,059
64,568
162,903
58,672
31,100
72,285
1,239
216,539
6,761
79,195
26,174
345,327
128,889
57,874
America
79,827
30,875
34,025
7,825
18,497
6,937
Total Latin America
3,171,531
1,619,913
1,212,392
35,014
78,201
51,419
200,974
166,624
384,446
384,334
29,477
39,025
42,150
41,731
115,145
2,403,263
120,014
166,003
154,969
380,066
318,285
29,463
34,493
23,856
15,804
68,794
1,463,018
119,566
155,221
111,209
174,582
223,346
4,011,382
3,810,128
2,419,352
24,639
48,062
42,426
17,027
113,928
22,705
44,124
33,749
16,353
17,565
43,740
33,528
74,011
49,390
Total Africa
246,082
190,942
158,104
Other Countries:
Australia.
All other.
157,358
14,547
150,463
11,427
59,457
8,826
171,905
161,890
68,283
4,534,860
16,923
135,692
4,534,336
16,923
135,656
477,124
13,470
29,156
Total Europe
Canada
Latin America:
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Surinam
Other Latin
American Republics.
Bermuda
Antilles and
176,561
685,231
319,375
107,307
198,603
207, 65i
i21 ,072
91i,823
17,925
1,786,124
13,927
33i,137
2,866
22,712
250, 2U
Asia;
China Mainland
Hong Kong
India
Indonesia
I
srael
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
43,762
121,081
2,424,342
121,685
;
Total other countries
:
i
International and regional :
International
European regional
Latin American regional
Total international and regional.
Grand total
13,881
4,687,475
4,686,915
519,750
26,150,734
23,018,624
9,656,347
83,110
55,522
84,700
19,900
1,047,956
2,520,000
35,500
346,395
183,252
500
8,500
249,519
200,682
151,033
950
194,938
Other
Short-term
liabilities
payable
To all other foreigners
Total
Deposits
^
S.
Treasury
bills and
certificates
In
Other
foreign
currencies
96
Treasury Bulletin
.CAPITAL MOVMENTS.
Section III - Preliminary Details by Countries
Table 2.- Short-Term Banking Claims on Foreigners as of January 31, 1964
(Position in thousands of dollars)
2/
'
March 1964
97
.CAPITAL MOVEMENTS.
Section III - Preliminary Details by Countries
Table 3.- Long-Tern Banking Liabilities to and Claims on Foreigners as of
(Position in thousands of dollars)
January
31, 1964
Treasury Balleti\
98
CAPITAL MOVEMENTS
Section III - Preliminary Details by Countries
4.and
Purchases
Sales of Long-Term Securities by Foreigners During January 1964
Table
i/
(In thousands of dollars)
Sales by foreigners
Purchases by foreigners
Domestic securities
Country
Total
U. S.
purchases Government
bonds and
notes
Corporate and
other
Total
sales
Bonds
Foreign securities
Domestic seciiritles
Foreign securities
U.
S.
Government
bonds and
notes
Bonds
Corporate and
other
Bonds
Bonds
Europe;
Austria
Belgium..
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U. S. S. R
Other Eastern Europe.
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,458
9,508
725
657
12,587
17,851
176
6,753
2
43
667
250
54
19
13
12
720
240
197
461
151
1,392
4,236
54
355
8,821
4,991
127
4,401
824
2,252
2,500
6,596
113,978
18
1,512
239
2,606
5,158
13,056
554
2,252
2,364
183
95,898
103,267
45,196
4,996
U,633
3,954
792
378
2,678
2-1,413
15
38
16
689
4
28
•'83
4,540
28
2,123
7,677
167
5,006
1,661
6,781
4,511
492
251
13,678
7,062
152
8,748
9,913
2,777
1,049
2,574
4,833
117,359
7
80,432
65
41
2,970
52
1,037
6,794
3
1,955
5,807
46
1,782
360
231
34
10,653
70
52
102
417
250
W
76
16
771
3,424
11
815
75
1
205
64
11,555
5,773
136
3,564
7,546
1,547
931
2,348
64
457
141
170
429
16
45
107
2,768
2,615
100,294
9,250
1,436
63,927
3,388
117
2,388
459
10
62
32
2
581
4,855
1,369
1,108
53
44
1,481
3,568
6
10
236
13
28
195
307,735
48,800
14,990
186,023
22,364
35,558
257,625
10,334
8,074
204,877
17,672
115,614
12,403
9,848
47,232
8,949
37,182
81,574
5,846
8,217
37,373
5,007
1,711
1,190
564
606
253
162
49
181
131
1,821
1,458
630
682
1
5
1,587
1,359
588
514
112
21
26
25
9
34
;
2,057
1,687
778
901
20
24
148
6
40
4
1
39
283
11
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
13,762
4,686
915
1,953
3,482
769
2,671
6,309
226
40,196
6
140
43
56
35
20
52
51
80
2
1,015
23
113
74
4_
12,534
4,303
735
1,583
2,204
628
1,909
4,996
195
1,572
385
33,158
356
13
9,295
778
36
36
285
1,196
9
453
151
401
151
109
63
30
58
116
73
27
1,967
4,838
88
75
297
2,730
3,398
382
2,636
7,395
182
1
3,708
1,373
28,419
290
225
9,425
9
132
3
3
32
60
25
56
3
769
24
827
983
1,069
5
1,511
4,478
287
2,409
1,868
359
1,867
5,249
132
22,261
33
116
5
149
480
2
526
166
1,730
Asia;
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa:
Congo (Leopoldville)
Morocco
South Africa
United Arab Republic (Egypt).
9
54
13
1,336
2,488
1,151
61
161
15
95
19
114
36
184
36
22
3,333
356
14
142
411
99
119
3,122
143
13,992
Other Africa
1,789
1,400
Total Africa
2,877
1,499
994
Total other countries....
International and regional ;
International
European regional
Latin American regional..
Total international and regional..
Grand total
521
892
1,682
1,489
3
9,214
13,234
322
33
10
503
170
1
1
178
112
12,700
5
35
35
34
446
19
22
92
6,610
4,006
2,736
29,917
4,006
6
3
34
2,511
12,746
15
12,631
5
5
55
10
6
16
28
105
167
209
295
50
29
113
167
232
345
39
572
514
16
698
18
78
49
138
23
3
138
96
716
78
187
550
3,387
15
30
43,430
42,550
7,800
7,800
820
72
7,138
124
2,221
4
70
22
17,673
5
10
60
10
54
13
14
37
113
520
310
Other countries;
Australia
All other
1/
9
10,179
15
1
4
161
318
528
34
105
105
7,258
1,787
1,489
550
3,402
30
51,230
50,350
318
528
34
492,245
66,417
26,857
282,045
39,930
76,996
449,524
71,519
17,713
278,345
37,208
For exclusions see headnote on page 82,
March 1964
99
CAPITAL MOVEMENTS
,
Section IV - Supplementary Data by Countries
Table 2,- Estimated Gold Reserves and Dollar Holdings of Foreign Countries
and International Institutions i/
(Position at end of period in millions of dollars)
Area and country
Western Europe;
Austria
Belgium
Denmark
Finland
France
Germany, Fed. Republic of..
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other 3/
Total Western Europe
Canada
Latin American Republics :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama, Republic of
Peru
Uruguay
Venezuela
Other
Total Latin American
Republics
1961
1962
December
December
Gold and
shortterm
dollars
U.S. Gov-
Gold and
ernment
shortbonds
term
and notes dollars
558
1,574
83
138
3,110
6,506
30
2
4
3,7U
3
6,409
196
3,627
1,829
155
632
623
671
3,575
165
4,191
154
3,459
1,797
135
126
542
469
586
93
3,435
165
4,495
681
783
l,542r
98
134
3
1
1
83
435
48
542
1963
March
U.S.
Gov- Gold and
ernment
shortbonds
term
and notes dollars
16
2
3
3
1
87
1
1
93
83
370
48
27,887
840
28,9l6r
708
3,704
459
4,057
389
425
271
513
153
235
44
607
87
131
237
819
293
429
178
205
16
626
98
152
281
806
336
3,54A
12
325
119
1
3,398
13
40
50
Asia;
India
Indonesia
Japan
Philippines
Thailand
Other
1.976 4/
212
368
1,329
45
288
72
2,499
215
437
l,447r
Total Asia
4,329
56
4,958r
^
330
189
343
12
188
373
Total Africa i/
862
12
1,101
260
275
27
337
287
Africa :
South Africa
United Arab Republic( Egypt)
Other Africa
Other countries
Australia
Other
540
;
y^
Total other countries
Total foreign countries
International and regional 7/
Grand total
3
1
624
535
40,861 4/
5,829
46,690 /J
1,406
43,054r
1,432
7,352
2,838
50,4061
10
100
Treasury Bulletin
CAPITAL MOVBAENTS
Section IV - Supplementary Data by Countries
Table 3.- Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)
Debit balances (due from foreigners)
Credit balances (due to foreigners)
Country
December
1960
December
1961
December
1962
June
1963
December
1963p
164
2,282
203
141
2,309
134
12
5,839
2,601
159
1,674
5,640
1,090
160
2,241
102
9
5,747
3,367
160
1,884
6,356
1,127
621
1,951
406
274
2,128
December
1960
December
1961
December
1962
June
1963
Europe;
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
0. S. S.
69
2,280
338
11
5,28i
1,693
207
1,130
6,758
1,750
1,097
950
8,414
3,936
214
2,305
9,556
2,951
456
1,763
541
383
42,758
44,311
303
44,157
25
8,290
10
33
53
34,447
9,291
10
11
766
1,559
1,310
15
862
19
456
2,089
140
12
5,246
3,109
355
2,039
4,088
971
535
1,907
798
42,857
35
49,324
48
9,415
9,863
96
53
259
529
1,542
246
367
3,234
2,169
5,382
3,431
726
2,953
2,166
3,433
2,861
760
3,431
2,060
661
505
1,259
497
668
178
655
115
13,982
4,293
3,925
8cO
3,770
2,278
713
140
53
121
1,032
1,693
432
13,029
253
7,942
2,209
729
13,065
65
10,035
65
16,342
81
54
9,895
12,125
14
382
521
27
778
628
50
130
834
244
3
3
541
435
R...
Other Eastern Europe 1/ 2/
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
24
81
152
100
73,981
113,087
77,269
83,947
75,262
34,509
47,436
37,637
43,885
13,467
15,105
8,764
9,263
9,164
11,878
19,314
18,203
17,425
1,457
1,668
769
1,308
1,755
1,706
1,606
1,198
737
471
218
168
1,335
1,792
2,764
2,371
199
2a
1,901
800
1,905
1,852
685
1,065
1,372
866
337
176
1,973
2,833
1,231
1,989
1,625
1,602
2,226
1,179
830
479
321
2,278
2,156
475
2,478
3,045
1,115
776
948
470
957
341
523
351
1,477
842
1,382
457
260
1,941
2,327
278
1,983
4,587
176
16
;
539
957
1,926
2,571
649
3,156
2,715
334
American Republics 2/
Bermuda
Antilles and Surinam,
America }/ ij
Total Latin America
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Africa
Congo (Leopoldvllle)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
3,157
2,159
365
1,566
3,788
552
626
1,498
323
4,779
2,326
469
2,964
885
1,286
555
17,422
17,820
18,918
12,573
14,377
10
25
32,275
42
11,215
15,368
43
26
325
2,496
V
2,377
7U
1,077
757
545
765
1,272
111
19,981
16,379
18,752
18,227
58
186
2,218
44
93
3,129
103
199
4,082
54
3
1
348
102
35
121
42
12
77
54
18
194
163
19
177
67
866
76
2,101
29
935
2,039
3,990
4,002
6,110
6,948
51
Total Asia
349
69
140
79
52
81
58
1
170
48
141
240
V
4
64
2,589
775
17,132
24
112
375
10
223
167
74
1,207
350
289
161
1,659
2,099
702
1,473
2,619
422
226
820
152
79
V
968
2,482
,
2,288
2,085
558
13
42
982
235
V
660
2,195
1,784
174
37
52
630
117
12
110
14
668
336
39
57
30
72
2,422
4
101
569
1
121
2,032
43
41
19
615
1,193
73
1,553
6,268
19,186
34,475
14,036
19,029
200
y
119
y
693
22
53
531
21
57
:
k
Total Africa
Other countries;
Australia
All other %/
18
6
1/
V
83
34
14
y
145
791
202
504
^
1,002
International and regional
13
Total other countries
Grand total
1/
2/
y
6
y
y
112,434
149,374
25
13
20
127
49
210
V
y_
461
46
147
18
382
6/
713
601
87
618
125
184
906
111,801
"Other Western Europe" may include balances with some Eastern European
countries through December 1962.
Through December 1962, Includes Czechoslovakia, Poland and Rumania
9
17
40
y
y
y
y
1,029
129
188
101
263
125
556
419
923
209
323
309
317
567
817
2,075
532
119,407
109,034
83,960
120,960
84,524
96,277
Ij
y
only,
Through December 1962, "Other Latin American Republics" include only
Bolivia, Dominican Republic, Guatemala and El Salvador; data for
other Latin American republics included with "Other Latin America."
3
y
y
b/
p
402
Through December 1962, Bahamas and Bermuda are included with "Other
Latin America,"
Through December 1962, "All other" countries include Morocco and
"Other Africa."
Through December 1962, "Total other countries" Include "Total
Africa."
Preliminary.
,
March 1964
101
CAPITAL MOVMENTS
Table 4.
-
Section IV - Supplementary Data by Ck)untrle8
Short-Term Banking Liabilities to Foreigners In Countries and Areas
not Regularly Reported Separately!/
(Position at end of period in thousands of dollars)
December
Country
"Other Western Europe "
Cyprus
Gibraltar
Iceland
Ireland, Republic of
Luxembourg
Monaco
"Other Eastern Europe"
Albania
Bulgaria
Czechoslovakia 2/
Estonia
Hungary
Latvia
Lithuania
Poland 2/
Rumania 2/
Soviet Zone of Germany
"Other Latin American Republics"
Bolivia 2/
Costa Rica
Dominican Republic 2/
Ecuador
Guatemala 2/
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador 2/
Trinidad and Tobago
"Other Latin America"
British West Indies
French West Indies and French Guiana
"Other Asia"
Aden and South Arabia
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Goa
Iran 2/
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Nepal
Pakistan
I^ulcyu Islands ( including Okinawa)...
Saudi Arabia
Syria
Viet-Nam
"Other Africa"
Algeria
Ethiopia { including Eritrea)
French Somaliland
Ghana
Guinea
Ivory Coast
Kenya
Liberia
Libya
Malagasy Republic
Mauritania
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Rhodesia and Nyasaland
Sudan
Tunisia
"Other countries"
New Cal edonia
New Zealand
1/
1959
1960
1961
326
435
2,704
5,360
7,248
5,319
537
462
5,076
2,728
12,574
4,144
657
1,242
3,148
3,2iO
16,111
3,411
261
178
1,170
679
177
466
1,042
1,832
1,278
1,774
966
1,638
1,029
586
558
4,009
870
1,467
540
574
504
318
6,088
1,084
1,295
7,205
1,507
1,268
24, 366
18,851
36,898
21,682
37,058
10,505
12,805
3/
12,510
6,653
28,025
2/
23,129
19,804
36,884
27,338
43,937
10,673
15,032
11,928
4,561
24,270
2/
26,173
13,284
22,835
23,595
45,773
9,865
14,769
1,840
17,345
4,874
21,936
1/
32,569 2/
11,294 3/
14,042 3/
525
399
533
2,340
2,435
3,616
574
4,501
15,297
6,470
902
31,349
20,190
1,608
27,124
4,636
52,283
7,557
981
10,065
1,188
2,176
10,998
906
4,311
19,671
34,401
2,304
46, 588
63,101
2,522
9,366
20,969
37,968
4,860
1,833
23,497
14,814
111,621
5,049
68, 345
601
18,670
1,969
851
3/
9,788
515
933
10 , 869
6,919
1,359
22,439
13,772
1,839
9,588
4,963
36,211
8,149
1,157
10,593
14,241
18,403
4,155
14,589
14, 599
24,871
2,558
7,906
422
9,292
504
11,061
776
1,063
1,258
389
891
923
391
37
n.a.
n.a,
n.a.
n.a.
20,275
17,560
506
16,763
5,590
246
286
1,623
8,360
2,191
793
332
3,538
3,949
1,878
2,843
21,864
5,421
326
440
1,550
21,772
419
1,662
6,469
1,990
1,216
1,345
6,8ai
1,420
35,081
1,407
3,967
52
616
n.a.
2,002
n.a.
303
822
Through 1962, except as noted, data are based on reports from banks in
the Second (New York) Federal Reserve District only, and include funds
held in an account with the U. S. Treasury; 1963 data are as reported
by banks in all Federal Reserve Districts.
They represent a partial
2/
3/
1962
617
728
5,632
2,906
10,830
1,729
April
1963
944
945
5,165
4,740
8,913r
2,033
December
1963
722
1,657
6,974
n.a.
7,361
2,687
n.a.
275
1,558
1,140
1,524
1,115
421
368
8,899
1,650
1,557
323
441
1,154
1,331
1,343
392
520
9,860
1,838
n.a.
411
13,522
1,444
1,667
1,379
23,182
16,498
42,028
36,283
40,865
10,487
13,776
3,255
14,838
5,667
22,472
3,077
21,208
32,768
47,368
37,750
74,757
11,937
23,691
5,817
42,548
6,843
48,589
4,089
32,567
29,127
58,037
53,449
47,862
12,940
20,031
5,564
34,963
8,892
41,690
2,286
9,043
1,044
22,585
1,285
19,851
1,310
2,757
5,288
1,415
2,468
12,606
4,858
110
18,742
8,489
1,161
33,033
14,007
65,873
18,368
1,106
15,850
17,030
28,384
4,894
10,057
2,881
13,261
1,689
8,855
10,184
9,647
48
49,445
11,121
1,650
38,179
12,842
77,934
18,944
2,404
15,868
32,672
37,123
3,403
11,621
1,607
17,045
758
4,068
468
20,766
1,271
10,796
540
591
1,360
n.a.
17,619
5,496
639
21,048
2,510
26,796
656
1,'234
n.a.
1,419
781
n.a.
n.a.
n.a.
4,995
1,397
n.a.
6,931
3,101
n.a.
23,505
n.a.
2,792
46, 539
8,818
76,320-
24,104
n.a.
17,341
n.a,
61,710
2,111
12,127
903
22,275
n.a.
n.a.
n.a.
n.a,
13,433
10,503
2,109
22,009
14,084
307
2i6
561
n,a.
1,361
6,774
2,432
10,881
1,117
24,492
1,598
642
7,464
2,377
11,600
4,374
2,492
975
32
4,685
1,512
8,805
10,475
571
n,a,
2,450
840
n.a.
Reported by banks in all Federal Reserve Districts.
Data for the Bahamas (1959), Jamaica (1959-1960), and Trinidad and
Tobago (1959-61) included with British West Indies.
Not available.
Treasury Bulletin
102
.CUMOLATIVE TABLE OF COHTENTS.
April 1963 through March 1964
Issue and page number
1963
Apr.
Reporting bases.
Articles;
Treasury financing operations
May
July
Aug.
196i
Sept.
Jan.
Feb.
II
II
11
11
11
11
10
10
12
13
12
13
11
12
II
II
II
II
II
A-1
A-1
A-1
A-1
A-1
A-1
A-1
A-1
1
1
1
1
1
1
1
1
11
11
10
10
12
12
10
10
10
10
11
11
12
13
11
12
13
14
11
12
11
12
12
13
10
11
10
11
14
13
15
13
13
14
12
12
14
14
13
14
15
16
16
17
18
16
15
13
13
14
15
15
16
17
15
15
14
15
16
16
17
18
II
Siimmflries:
Federal fiscal operations
Administrative budget and trust fund receipts and expenditures
Administrative budget receipts and expenditures;
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Chart - Internal revenue receipts by principal sources
Expenditures by agencies
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
Expenditures by functions
Detail of excise tax receipts
Summary of internal revenue receipts by States, calendar year 1962.
Trust and other transactions;
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government- sponsored enterprise
expenditures
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
Interfund 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
Uneiployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
by issues (latest date December 31, 1963)
Consolidated cash transactions (formerly cash income and outgo);
Summary of Federal Government cash transactions with the public...
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
Derivation of Federal net cash debt transactions with the public,
and reconciliation to transactions through Treasurer's account,...
Intragovernmental and other noncash transactions
Accrued interest and other noncash transactions
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
Summary of cash transactions through the Account of the Treasurer
of the United States;
Debt outstandiniSI
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
guaranteed by the U. S. Government
Statutory debt limitation
Public debt operations;
Maturity schedxile 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
Securities issued in advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills....
Dispositioniof mattired public marketable securities other than
regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
officia] institutions of foreign countries
10
15
14
19
14
15
16
16
17
18
19
19
20
17
15
20
16
14
19
16
16
17
21
18
16
21
17
15
20
17
17
18
22
19
17
22
18
16
21
18
18
21
25
23
22
20
21
20
25
23
24
21
19
20
19
17
24
18
21
19
20
21
19
20
23
24
28
24
25
22
23
24
25
24
25
23
29
27
23
21
23
23
25
26
26
27
16
19
20
24
19
18
22
23
21
I
22
24
25
28
29
25
26
23
27
24
26
26
27
30
30
27
27
28
25
25
26
30
30
31
26
26
27
24
24
25
29
29
30
26
26
27
26
26
27
28
29
31
32
28
26
31
30
31
32
27
28
29
28
28
33
32
33
25
26
27
27
27
28
27
28
29
27
29
30
29
29
30
34
31
29
34
30
28
,33
30
30
30
31
35
32
30
35
31
29
34
31
31
31
32
34
36
36
33
40
33
35
37
31
36
38
40
32
30
34
36
32
34
35
37
39
32
33
35
34
36
32
34
36
32
34
36
39
43
41
39
U
40
38
46
44
43
49
40
46
40
46
40
46
31
27
28
27
24
U
48
47
45
50
48
46
51
48
48
48
47
51
50
48
53
51
49
54
51
52
52
53
57
56
54
59
58
56
61
58
59
59
54
58
58
56
61
60
63
60
62
62
'
58
March 1964
103
.CUMULATIVE TABLE OF CONTENTS,
April 1963 through March 1964
-
(Continued)
Issue and page number
1963
Apr.
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
Ownership of Federal securities:
Distribution by classes of investors and types of issues
Net market purchases or sales for investment accoxmts handled by
the Treasury
Estimated ownership
Treasury survey of ownership of Federal securities
Ownership by banks insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date December 31, 1963)
55
55
56
58
May
Jxme
July
59
59
59
59
57
57
60
62
63
60
62
60
59
59
60
65
61
66
58
63
61
63
61
Aug,
62
62
63
65
66
67
196i
Sept.
61
61
62
64
Oct.
Nov
59
59
60
62
64
64
65
67
Dec.
Jan.
61
61
62
64
63
63
64
66
63
63
64
66
67
68
Feb.
65
63
69
65
67
69
68
69
65
66
63
64
69
70
65
66
67
68
69
62
63
70
67
65
71
67
69
71
70
:
,
.
65
74
Market quotations:
End-of-month closing quotations on Treasury securities by issues.
Chart - Yields of Treasury securities
70
72
69
67
Average yields of long-term bonds:
Average yields of Treasury and corporate bonds by periods.
Chart - Average yields of Treasury and corporate bonds....
68
69
73
74
75
76
76
77
78
Monetary statistics:
Money in circulation
Monetary stocks of gold and silver
Gold assets and liabilities of the Treasury
Components of silver monetary stock
Seigniorage
Increment from reduction in weight of gold dollar (latest date
December 31, 1963)
Exchange Stabilization Fund (latest date September 30, 1963):
Balance sheet
U. S. stabilization agreements
Income and expense
65
70
71
71
72
73
75
67
69
78
80
71
69
75
71
73
71
77
73
73
75
81
72
73
70
81
71
82
74
75
78
79
74
75
76
77
82
83
74
75
75
76
77
72
73
73
74
75
83
84
84
85
86
80
76
77
77
78
79
78
79
84
85
85
86
87
71
73
75
74
76
77
77
75
75
76
77
77
78
79
74
75
75
76
77
81
81
82
83
79
80
81
79
81
82
83
83
78
79
79
National bank reports:
Earnings, expenses, and dividends for calendar years 1958-62
International financial statistics:
U. S. gold stock, and holdings of convertible foreign currencies
by U. S. monetary authorities
U. S. Treasury nonmarketable notes and bonds issued to official
ins ti tutions of foreign countries
U. S. monetary gold transactions (net)
Capital movements between the United States and foreign countries:
Summary by periods beginning 1 9^6
Summary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners, latest month
Long-term banking liabilities to and claims on f oreingers
Purchases and sales of long-term securities by foreigners,
lates t month
Short-term liabilities and claims reported by nonfinancial concerns.
Long-term liabilities and claims reported by banks and bankers
Estimated gold reserves and dollar holdings of foreign countries
and international institutions
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly reported..
Purchases and sales of long-term securities by foreigners during
calendar year 1 962
76
79
79
78
87
80
76
79
79
78
87
80
80
84
80
80
83
87
81
82
85
93
94
95
82
85
93
94
95
86
89
96
96
100
83
8i
85
86
87
89
90
and certain other business-type activities:
of financial condition (latest date September 30, 1963).
expense (latest date June 30, 1963)
application of funds (latest date June 30, 1%3)
92
93
92
100
101
94
102
95
103
104
97
98
99
80
85
93
94
95
84
88
86
89
97
98
99
90
93
102
103
104
105
106
96
101
90
97
97
91
106
87
Foreign currencies acquired by the U. S. without purchase with
dollars:
Transactions and balances in Treasury accounts.
Transactions and balances in agency accounts...
Corporations
Statements
Income and
Source and
84
84
84
102
102
108
108
93
109
104
99
109
120
7
Treas.
HJ
10
.A2
1964
Treas.
HJ
10
__A2
1964
U.S. Treasury Dept.
Treasury Bulletin
n.S. Treasury Dept,
Treasury Bulletin
TITLE
C.2
BKtl
UUMCD
Jan
.
-
BORROWER'S NIHE
June
PHONE
NUMBER
us TREASURY
1
\!
;.•'!,
a
v:;:::::;';;ii-S:ii;;'v;i;'^-;i;'!i3
•1
;.,.:
;'/;;l.
WA
LIBRARY
0032022
@FedFRASER